BusinessWeek Mindanao (October 24, 2013)

INSIDE LOOK

CDO hosts 1st International Experts on Islamic Finance Con. Economy

PAGE 14

Public hearing set for GenSan electric coop’s power deal Corporate World

DA says corn production to reach 8.2-M MT this year

PAGE 15

Agri-Business

PAGE 16

BSP further relaxes foreign exchange rules Banking & Finance

MINDANAO DAILY NEWS SECOND SECTION

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Briefly Zambo’s recovery Z A M B OA N G A Ci t y — T he Z am b oang a Cit y Cham b er of Commerce and Industr y Foundation Inc. (ZCCIFI) has proposed a sustainable livelihood intervention to cut the dependency of victims of the September standoff from dole-outs, but rather help them fend for themselves.

ZCCIFI President Pocholo Soliven said that the people of Zamboanga City need support in terms of livelihood projects that will help Zamboangueños help themselves with dignity.

Soliven said the projects need to be sustainable as well as contribute to the local economy not only for the current situation but also for the medium- and long term, focused on the overall macro economic fundamentals of the city.

He said he had given his idea to the international donor groups the urgency to encourage consumer spending so that money will be circulated in the community.

(MB)

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STA. CRUZ, Davao del Sur – Two hundred kilograms of wastes composed of plastics and biodegradable materials were collected in Sibulan River and Talomo River during a series of river clean-ups organized by Hedcor.

“Our good relationship with Hedcor is the reason why we partnered with them in cleaning the river. One reason also is to prepare our riverbeds for the upcoming rainfalls to also avoid flash floods,” said BagoboTagabawa tribal leader Datu Rudy Agtag of Sibulan, Sta. Cruz, Davao del Sur. About a hundred participants from Hed cor and the host communities were given the chance to help revitalize the rivers.

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W

By MYRNA VELASCO, Contributor

ITH faster pace of technology advancements embracing the energ y world, reg u lator y frameworks must also keep pace with developments.

SIMPLY MAJESTIC. Largely unknow outside Caraga region, Tinuy-an Falls in Bislig City, is one of the best tourist attractions in the province of Surigao del Sur. mindanews photo by roel catoto

River clean-up

For Inquiries: Call or Text : (02) 577-3812

09178445981 Email: care@rejuvginseng.com Website: www.rejuvginseng.com

ERC seeks review of PH’s power roadmap

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BusinessWeek MINDANAO As of 6:13 pm oct. 23, 2013 (Wednesday)

KC speaks up about being linked to NBA player Chandler Parsons

This then prompted the Philippine Energy Regulatory C om m i s s ion (E RC) t o re-assess its reg u lator y roadmap to ensure that it is not just aligned globally, but must also be attuned to the needs of Asian markets – especia l ly on matters relating to incentivizing i n v e s t m e nt f l ow s a n d ensuring predictable business environment.

In her message at t he Power Night of t he recently-concluded World Energy Congress held in

Daegu, South Korea, ERC chairperson Zenaida G. Cruz-Ducut indicated that the Asian experience may hopefully set encouragements for the “drafting of a global blueprint” on regulation a nd policies t hat cou ld help countries move their energy markets into a more successful future.

Ducut’s message was delivered by ERC executive director Francis Saturnino Juan in a social event hosted

by Korea Electric Power Review/PAGE 23

Davao Oriental to invest Poverty survey renamed to reach P175 M in agri projects ‘poorest of poor’ households

By CARMELITO Q. FRANCISCO, Correspondent

DAVAO C I T Y - - T h e prov i nc i a l gover n ment of Davao Oriental has set aside P175 million for its annual investment program next year for agricultural

By MINDANEWS

projects, particularly in areas devastated by typhoon Pablo.

In a press release early this week, Governor Corazon N. Malanyaon said that part agri/PAGE 23

Body tasked to study new techs that lower power costs pushed

By GRACE BEBER, Staff Member

CAGAYAN de Oro Cit y Councilor Candy Darimbang has pushed the creation of a body that would study new

technologies to reduce power cost of the city government.

Darimbang said the new tasked/PAGE 23

POVERTY. Poverty drives this blind woman to begging for alms in buses in Kidapawan City.

Mindanao Daily NEWS

mindanews photo by geonarri solmerano

GENERAL Santos City— The Department of Social Welfare and Development (DSWD) in Region 12 has launched a new brand name for the second National Hou s e hold Ta r ge t i n g System for Pover t y Reduction (NHTS-PR) assessment in the region, in a bid to reach a wider audience.

Bai Zorahayda Taha, DSWD Region 12 director, poverty/PAGE 23

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Economy

CDO hosts 1st International Experts on Islamic Finance Conference

By Bong Torres

CAGAYAN DE ORO CITY -- The 1st International C on ferenc e on Isla m ic Fi na nce Mua ma lat a nd Fi na nc i a l Cr i m i nolog y (IFMFC) is being held here from October 22-24, 2013 with some 50 international delegates and 20 0 from a l l over t he countr y in attendance at the Grand Caprice Restaurant, at the L i m ket k a i C om mercia l Complex.

The Internationa l conference is jointly hosted by the Philippine Association of Isla mic Accou nta nts (PAIA), Inc., the Accounting Research Institute (ARI) of the Universiti Teknologi Mara of Malaysia and the Ph i l ippi ne I nst it ute of Certified Public Accountants (PICPA) - Cagayan de Oro – Misamis Oriental Chapter.

The theme of t he conference is “REACH – Rediscovering Innovations in pole Vaulting Economy: Addressing Challenges.”

The conference serves as a podium for discussing the issues related to Islamic f i na ncia l produc t s a nd services development, Islamic Accounting and Auditing, as well as the challenges and opportunities in achieving a steadfast Islamic industry in the region.

The technical sessions i nclude a work shop on Islamic Microfinance, Zakat and Awqaf management and empowerment policies, developing Islamic financial produc t s a nd s er v ic e s , mak ing Islamic Finance possible in the Philippines, the role of Islamic accounting in good governance a n d a c c o u n t a b i l i t y, incorporating Islamic ethics and governance, shari’ah conference/PAGE 21

1ST INT’L EXPERTS ON ISLAMIC FINANCE CONFAB. Felix Orio – Past PICPA President CDO – Misamis Oriental, Dr. Emma A. Niwa- Past National Director PICPA, VP for Education, Amanoding Esmail- Founding President, PAIA Over-all Chair, Islamic Conference, Dr. Virginia Lourdes C. Yacapin - Past National Director, Education Sector, Ferdinand A. Rodriguez- President-Elect, National Association of CPA in Education (NIACPAE), Eduardo C. Cuarez- Past National Director PICPA, pose for posterity. photo by vanboyd c . torres

NEDA wants inclusion of 16 new indicators in EV’s quarterly report PALO, Leyte -- The National Economic and Development Authority (NEDA) is adding up 16 new indicators for inclusion in the quarterly regional economic monitoring and analysis (REMA) report in Eastern Visayas.

NEDA Regional director Bonifacio G. Uy noted that these sectors are not reported quarterly, thus, starting third quarter this yeasr, the new indicators must be included in the report because these are very vital in validating local economic trends.

Under the macro economy sectors, these indicators include investments, exports of agri-based products, micro small and medium enterprises, irrigation development, farm-to-market roads, and post harvest facilities.

In the industry sector, NEDA pushed for quarterly data gathering on mining production and energy consumption by type.

“The Leyte Geothermal Production Field is one of the major power sources in

the country but we don’t have a quarterly report from the Department of Energy Visayas office,” Uy said.

In the services sector, data collection will be expanded to credit facilities, the number of cooperatives registered, employment by business process outsourcing, volume of passenger and cargo traffic, motor vehicle registration, building permits, socialized housing and peace and order situation, she said.

These data are reported in the Gross Regional Domestic Product (GRDP) but not in quarterly EV-REMA, Uy said.

In a meeting Friday morning, stakeholders from various national government agencies, local government units and private sector firms have agreed to include new indicators for economic reporting.

This data, published quarterly by NEDA, provide a picture of the regional economy before the annual release of the GRDP. NEDA/PAGE 21

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Coherco launches online trading platform using PSE system MANILA -- Coherco Securities officially launched its online trading platform at the Philippine Stock Exchange’s (PSE) facility, as it aims to reach out more retail stock investors.

CohercoTrade.ph runs using PSETradex, a service provided by the PSE to brokerage firms who want to offer a web-based trading platform to their clients without having to develop their own.

“We’re pleased that Coherco Securities trusted PSETradex to be their online trading system provider,” said PSE and Chief Executive Officer Hans B. Sicat in a statement.

Sicat said the PSE is now

realizing its goal of enabling trading participants to provide online trading options to their investors.

“This development also bodes well for online investors as they now have more online brokers to choose from,” he said.

Coherco followed the lead of BA Securities which signed up for PSE’s trading platform two months ago.

PSETradex is a web-based trading management system that will allow users to trade shares of stock, monitor the order status and manage the stock portfolio and gather relevant market information through their computers.

(PNA)

MANILA – The Department of Trade and Industry (DTI) has caug ht 30 reta i lers violating the price control law in Bohol and Cebu since the provincial board announced that the two provinces were under state of the calamity following the 7.2 magnitude earthquake.

DTI visited 236 business establishments in Bohol and Cebu to monitor that prices and supplies of basic goods will remain stable. ”Through DTI’s Central Visayas reg iona l of f ice and provincial offices of Bohol and Cebu, several tea ms si mu lt a neou sly monitored reta i l stores and establishments of basic necessities to ensure that there is adequate supply of said products and are available for sale to affected

consu mers ,” s a id DT IConsu mer Wel fa re a nd Business Regulation Group (CWBRG) Officer-in-Charge Victorio Dimagiba. ”We did check prices and supplies of basic goods in 236 outlets. From this exercise, we found 30 retailers – six retail establishments and 24 retail stores – overpricing their commodities,” Dimagiba added.

DTI sent each of the violator notices to explain the increase in prices on their commodities.

Meanwhile, DTI ensured that they will continue their market visit and will partner with the local government u n it s a nd L o c a l P r ic e C oord i nat i ng C ou nci ls (LPPC) to monitor prices and supplies in Central Visayas.

(PNA)

DTI finds 30 establishments violating price control law in Bohol, Cebu

MB member eyes BPO sector over-taking remittances MANILA -- The business process outsourcing (BPO) sector is expected to exceed remittances as a major growth driver of the Philippine economy.

Ba ng ko Sent ra l ng Pilipinas (BSP) Monetary Board (MB) member Felipe Medalla said the BPO sector is churning in a double digit growth while remittances are about six percent.

Last year, the BPO sector posted an 18 percent rise in revenues to US$ 13 billion while inflows from Filipinos overseas grew by 6.5 percent percent during the same year.

To date, remitta nces account for about 10 percent of gross domestic product (GDP).

“Eventually BPO revenues will overtake remittances…

At the rate BPO is going, one is five percent and the other double digit (we can expect that) in five years the BPO sector will have a much bigger contribution than remittances,” Medalla told reporters at the sidelines of

the 39th Philippine Business Conference and Expo at Manila Hotel Tuesday.

Medalla explained that the BPO sector is employing large number of Filipinos, who in turn create economic activities that help boost the domestic economy’s growth.

He sa id dema nd for restaurants and housing units among others are partly driven by the BPO sector, he said.

He is very optimistic on t he sec tor’s g row t h momentum noting that the Philippines’ “advantage there is very, very strong” referring to ability of Filipinos to speak the English language.

He, however, reiterated the need to improve the country’s education system to help sustain the BPO sector’s growth.

“The main constraint t here is ava i labi l it y of qualified people. Right now they are having a hard time getting qualified people so we must improve education,” he added. (PNA)

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CorporateWorld

Public hearing set for GenSan electric coop’s power deal GEN ER A L Sa ntos Cit y -- The Energy Regulatory Commission (ERC) will conduct a public hearing here next week to consult local residents on a proposed power sa les dea l earlier for ge d by d i s t r ibut ion utility South Cotabato II Electric Cooperative for the use of modular generator sets to help ease the area’s continuing power shortage.

Rodolfo Ocat, Socoteco II general manager, said the public hearing on Oct. 30 will mainly determine whether it could proceed by next month with the streaming of the 15-megawatt (MW) diesel-fed modular generator sets that it leased from power producer SoEnergy Philippines.

“We’re hoping to get an early approval from the ERC so we can already start using the generator sets,” he said.

Oc at sa id t hey have invited representatives of various sectors within its franchise area to attend the consultation.

The electric cooperative serves this city, the entire Sarangani Province and the municipalities of Tupi and Polomolok in South Cotabato.

During the hearing, Ocat said local consumers will be consulted on the provisions of the power sales agreement (PSA) signed by Socoteco II with SoEnergy.

He sa id consu mers may raise their questions, clarif ications and ot her sentiments regarding the deal with the ERC and the PSA proponents.

“We don’t expect much opposition regarding the PSA considering that we really need the services now of SoEnergy,” Ocat said.

The ERC set the public hearing based on a n application filed by Socoteco II last August 28 for the approval of the PSA “with pr aye r for prov i s ion a l authority.”

The application pertains to the PSA executed between Socoteco II and SoEnergy on May 28 that was amended on July 23. hearing/PAGE 21

THE Philippine telecom industr y is buck ing legislation requiring the registration of prepaid SIM cards.

“We respectfully express ou r opp o sit ion to t he enactment of the subject bills because of the bills’ purpose will be at naught and simply cannot be attained via the means proposed a nd because of ot her cogent and valid reasons interposed by us during past congressional deliberations on similar bills,” Rodolfo A. Salalima, president of the Philippine Chambers of Telecom mu n icat ions Operators Inc. (PCTO), said in its position paper.

PCTO groups the country’s telecom companies, such as the PLDT group, Globe Telecom, Eastern Te l e c o m m u n i c a t i o n s , Bayan Telecommunications, Express Telecommunications, Philippine Global Communications, Philippine

Teleg raph & Telephone Co, Telecommunications Technologies Philippines, and the Philippine A s s o c i at ion of P r iv ate Telephone Companies.

“The industry respectfully views the House Bill as negative factor which despite their intent, will stifle and in effect contravene any and every individual’s human right to telecommunication in this Internet era, even as these bills, if enacted into law, will run counter to the government’s present and prevailing ‘universal service’ policy and related government legal issues,” the position paper read.

PCTO is referring to the House Bills 525, 858, 1519, 2444, 2588 and 2624 filed in Congress and mandating the registration of all prepaid subscriber identification module cards. The legislation is aimed at addressing the rising number of incidence of phone theft, text scams,

spamming and other criminal activities.

Unlike postpaid SIM cards, prepaid cards can be bought without identification for as low as P10 to P30.

At present, t he tota l number of mobile phone subscribers stood at more than 100 million, of which 97 percent are on prepaid.

PCTO a lso cited t he United Nations’ Declaration on Human Rights, which uphold t he right to telecommunications as “a basic right which is to our mind takes precedence even over a constitutional right.”

Below a re t he ot her reasons the PCTO is opposing the legislation: - An unpractical and ineffective solution because the Philippines does not have a reliable ID system, such that even passports can be faked.

- An administrative nightmare and much ado telecom/PAGE 21

Telecom industry opposes registration of prepaid cards

AirAsia Zest mounts Manila-Macau flights AIRASIA Zest is launching Ma ni la-Macau f l ig hts starting December 6, and is offering promotional fares for as low as P460 one way.

I n a s t at e m e nt , t h e airline jointly owned by former ambassador Alfredo Yao and Philippines Air Asia Inc. said the f lights would be held three times a week.

“The addition of Manila– Macau provides yet another opportunity for Filipinos to have access to a new and attractive destination as well for our OFWs to have the best travel options at affordable fares,” AirAsia

Zest chief operating officer Joy Caneba said.

“They can also enjoy of our free seats promo for their Christmas and Holy Week break,” she said.

The free seats promo is a zero-fare promo wherein g uests only pay for f uel surcharge, applicable taxes and fees. airasia/PAGE 21

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AgriBusiness

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DA says corn production to reach 8.2-M MT this year DE SPITE losses f rom typhoons, corn production is expected to reach a record 8.2 million metric tons this year, with at least 150,000 MT in surplus, the Department of Agriculture (DA) said Tuesday.

T h i rd q u a r t e r c or n production is expected at 2.6 million MT, up from 2.4 million MT in the same period last year, Agriculture Assistant Secretar y and Nationa l Corn Program Coordinator Edilberto de Luna told reporters in a briefing.

He said actual production this year is expected to reach 8.2 million MT, up 10 percent from 7.408 million MT in 2012, which will make the Philippine self-sufficient in corn by year-end with a surplus estimated between 150,000 MT and 200,000 MT. In the first half, De Luna said corn harvests reached 4.4 million MT. Preliminary data from the Bureau of Agricultural Statistics showed corn output was 3.32 million MT in January to June.

“Barring further calamity, we are confident we will be able to reach 8.2 million MT,” he said.

He said this is because of quality seeds and extension activities – which include training and deliver y of technolog y, investments i n m e c h a n i z at ion a n d improvement of har vest facilities to stem losses.

Shipping to South Korea In Aug ust, t y phoons Labuyo and Maring lef t 99,125 hectares of corn farms damaged, with losses reaching 203,319 MT valued at P2.13 billion.

The corn sector lost an another 12 MT worth P 37 2 , 6 0 0 , w i t h s e v e n hec t a res of cor n crops damaged beyond recovery during Typhoon Odette in September.

Out of the surplus corn, producers, particularly the Philippine Maize Federation Inc. (PhilMaize), is planning to export 100,000 MT. “We can recommend this volume to the NFA (National Food Authority) Council because this is the volume that can be produced through proper post-harvest drying,” De Luna said.

Ph i l Ma i z e pre sident Roger Navarro said they

are waiting for the NFA Council to approve their application to ship quality corn to interested foreign buyers. The NFA Council is still deliberating on the petition.

De Luna said surplus corn is to be shipped to South Korea.

“We a re negot iat i ng with South Korea on the requirements. We are also eyeing Malaysia for exports but Sout h Korea is t he priority,” the Agriculture official added.

Next year, the Agriculture Department expects corn production to reach between 8.4 million MT and 8.7 million MT. The DA-National Corn Program is ask ing for a budget of P1.797 billion next year, up 19 percent from P1.5 billion this year.

“The additional

production wou ld come from additional areas, which are coconut areas totaling 300,000 hectares of coconut areas that can be planted with corn,” De Luna said.

The DA National Corn P rog r a m i s pa r t ner i ng w it h t he Philippine Coconut Authority (PCA) to implement t he intercropping initiative.

T h e DA i s a l s o encouraging more private sector investments in post harvest facilities to increase the percentage of produce covered by proper postharvest drying.

Post-harvest losses were reduced to 12.9 percent in 2012 from 15 percent in 2011 as a result of investments in drying and processing facilities.

By 2014, the DA targets to reduce it further to 9 percent.

ARAKAN, North Cotabato -- Farmers here propagating “at suete” (a n nat to) a re enjoying the fruits of their labor with the presence of Kibalang Trading Center in Sitio Kibalang, Barangay Marilog, Davao City.

“At s u e t e ” i s a fo o d colorant that is used for popular Filipino dishes such as kare-kare and pansit.

The Kibalang Trading C e nt e r i s m a n a ge d by Lingkod Saka Inc., a nongovernment organization wh ich or ig i nated f rom Quezon province.

In an interview with some “atsuete” growers, they said the entry of the Kibalang Trading Center provided them the opportunity for fair and just business because it offers more reasonable price that captures farmers to sell their produce there.

The word of mouth help Rosalina Tabisio, a farmer from Upper Kibalang of the good business opportunity.

She said she k nows t he presence of t he trading

center in the area from her co-farmers who have already sold their produce to the trading depot.

“Si nabi sa a k i n ng aking mga kakilala na mas mataas ang presyo rito kung kaya sinubukan naming magpabili rito (Someone told me thar the buying station buys ‘atsuete’ at higher prices so we came over and do business here),” she said.

Aside from higher buying price, more farmers have articulated that they have chosen Kibalang Trading Center because it is nearer to their area thus saving expenses in transporting their products from their points of origin.

Most of “atsuete” growers were from the villages of Arakan, a town bordering North Cotabato and Davao City’s Marilog district.

M it c he l I nc e sio, a n “atsuete” grower from Sitio Malapangi also expressed similar benefit stating that the trading site is very much

accessible to the farmers.

From North Cotabato, “atsuete” growers crossed the border and do business with the buying station in Marilog district.

“Dat i sa Ba ra ngay Calinan kami nagpapabili ng aming mga produktong ‘atsuete’ kasi wala namang ibang trading center pero nu ng nag k a roon na ng Kibalang Trading Center, mas pinili namin na dito na kasi mas malapit sa amin tsaka sampung piso lang ang pamasahe patungo rito (We used to sell our products to Calinan district which is farther from us. Now t he buy ing center came closer to us so we grab the opportunity and we save transport cost),” Incesio said.

He a l s o s a id i n t he Kibalang center, the buying pr ice of at suete is P50 kilo, about P20 higher as compared to other buyers.

“This is already a big help to our family’s basic needs,” he added.

In a statement, before the establishment of Kibalang Trading Center in the said plac e , he re c a l le d t hat “atsuete” is not a priority crop because it was only bought at 6.00 pesos per kilo.

He sa id t hat he now cont i nuously fa r m i ng “at s u e t e ” b e c au s e t h i s time, the commodity can be bought at 50.00 pesos per kilo.

Incesio urged his fellow farmers to plant “atsuete” since it does not require extensive management and does not need fertilizers and other farm inputs.

T h e D e p a r t m e nt of Agriculture 12 has reported that in July, the Philippines had exported 20 metric tons (MT) or equivalent to 20,000 kilograms of “atsuete” to Vietnam.

The shipment was consolidated by nongovernment organization Li ng kod Sa k a I nc . a nd w a s e x p or t e d t h r ou g h farmers/PAGE 21

‘Atsuete’ farmers enjoy higher buying price of food colorant

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Banking&Finance

HSBC private banking unit closing Philippine office HSBC Private Bank (Suisse) SA Manila’s representative office will close shop and it s op e r at ion s w i l l b e absorbed by Hong kong Shanghai Banking Corp.

Ltd., (Manila branch) as part of the British banking giant’s goal to streamline operations.

In a notice published in a newspaper on Tuesday, HSBC Group said: “HSBC Private Bank (Suisse) SA Manila Representative Office will cease its activities with effect

from Nov. 1 2013 and will file the necessary petitions and applications with the c onc er ne d gover n ment agencies (i.e. the Bangko Sentral ng Pilipinas and the Securities and Exchange C o m m i s s i o n) f o r t h e withdrawal or cancellation of the licenses and registrations of its representative office.”

H SB C P r i v at e B a n k (Suisse) SA Manila provides private bank ing and trustee services to wealthy indiv idua ls. “This is in

RCBC selling stake in Bankard to Yao bank RIZAL Commercial Banking Corp. (RCBC) and subsidiary RCBC Capital Corp. are selling their joint controlling stake in credit card firm Bankard, Inc. to the trust unit of Alfredo M. Yao’s Philippine Business Bank (PBB), according to separate disclosures on Wednesday.

RCBC will be absorbing the credit card business, however, leaving Bankard a mere shell company when the deal is closed.

RCBC said in its disclosure that its board of directors, in a special meeting last Oct. 18, “approved the sale to Philippine Business Bank

Trust and Investment Center on behalf of various clients the bank’s and its subsidiary RCBC Capital’s 89% stake in Bankard, Inc.” It added that all parties signed a share purchase agreement “immediately after the meeting.”

Both PBB and Bankard s a id i n t h e i r s e p a r a t e disclosures that “closing of the transaction remains subject to the satisfaction of the completion of conditions under the share purchase ag reement, i nclud i ng relevant regulator y approvals.”

RCBC/PAGE 21

line with the HSBC Group s t r at e g y to s t re a m l i ne a nd simplif y t he HSBC organization,” HSBC further said.

HSBC Philippines Chief E xe c ut ive O f f ic er Jos e Arnulfo A. Veloso explained v ia tex t yesterd ay t hat operations of HSBC Private Bank will be folded into HSBC Philippines. Those with claims against HSBC Private Bank will now deal with HSBC Center in Taguig City.

BSP okays 143 applications for new bank branches

BA NGKO S e nt r a l n g Pi l ipi na s approved 143 applications for new banking offices in the second quarter, the regulator said Wednesday.

“It’s continued evidence of the strength and vitality of the banking system. This will also further financial inclusion,” Deputy Governor Nestor Espenilla Jr. noted in a text message to reporters..

In a circular, Bangko Sentreal Supervision and Examination Sector said 60 of the applications were universal and commercial banks, 46 were thrift banks, bsp/PAGE 21

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BSP further relaxes foreign exchange rules NON-residents now can t ap lo c a l ba n k s when converting their pesos to foreign currencies.

The Bangko Sentral ng Pilipinas (BSP) has issued Circu la r 815, a l low ing depository banks to sell foreign exchange worth no more than $60,000 a day to non-residents.

“It’s essentially allowing a non-resident issuer, let’s say they issue papers in the Philippine Stock Exchange (PSE), to buy foreig n exchange in the foreign exchange market when he wishes to repatriate proceeds of issue,“ BSP managing director Wilhelmina Manalac told reporters today.

Peso accounts of nonresidents that qualify under the new rule include the following: - Inward remittances of conver t ible foreig n exchange; - Peso income of nonresidents or peso sa les proceeds of properties in the country allowed to be owned by non-residents; - Onshore peso receipts of non-resident s f rom re sident s for s er v ic e s

rendered by the former to the latter, for which the resident would have been entit led to buy foreign exchange from banks for remittance to the nonresident service provider; - Pe s o r e c e i p t s o f expatriates working here; - Onshore peso funds of foreign students; and - Proceeds from the onshore sale of non-resident issuers of their PSE-listed equity securities.

N o n - r e s i d e n t invest ments shou ld be reg istered w it h t he i n v e s t o r ’s d e s i g n a t e d custodian bank before they can buy foreign exchange from any bank operating in the country.

These eligible invest ments consist

of peso-denominated government securities, PSE-listed securities issued by residents, and peso time deposits and investments in PSE-listed equity securities issued by non-residents.

Under t he new rules, authorized banks a nd foreig n e xcha nge companies can also sell foreign exchange to nonre s id e nt t ou r i s t s a nd balikbayans.

Departing non-resident tourists or balikbayans may reconvert money at airports or other ports of exit any unspent peso up to $10,000 or its equivalent in other foreign currency, without showing proof of previous sale of foreign exchange for pesos.

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Italpinas Non-Exec Chair Joey Lev i s t e m a kes a n unprecedented of fer for a buyback at cost af ter one year for all buyers of Primavera Residences units du ring the BPI-I talpinas Business and Investment F o r u m h e l d 17 t h o f October 2013 at Primavera Residences.

Photo by Mike BaÑos, NPN

ITPI Chair & CEO Romolo Nati and Non-Exec Chair Joey Leviste award a certificate for two days stay with breakfast at Primavera Residences to Dr. Margie Quiblat during the BPI-Italpinas Business & Investment Forum held 17th of October 2013 at Primavera Residences. Photo by Mike BaÑos, NPN

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DSWD, DILG, COMELEC cautions public from “epals”

by Charmaine P. Tadlas, Contributor

T

he Department of Social Welfare and Development (DSWD), the Department Interior and Local Government (DILG) and the Commission on Elections (Commission on Elections) cautions the public, particularly those under the Pantawid Pamilyang Pilipino Program from against electoral candidates using the Program for their own political advancements.

The DSWD is reminding the program beneficiaries that only the DSWD can enlist them to and de-list them from Pantawid Pamilya based on their compliance to the set conditions of the program.

Having forged a tripartite memorandum of agreement last October 1, 2013, the DSWD, DILG and COMELEC is implementing the “Bawal ang Epal Dito” (BAED) Campaign to ensure that the implementation of Pantawid Pamilya during elections and campaign period is free of political inf luence and manipulation.

The BAED resolves electoral-related grievances as well as sanctions to be taken for reported individuals validated to have acts of misdemeanor during the campaign and election period in line with the implementation of the Pantawid Pamilya.

As agreed, the DILG and COMELEC shall not only provide guidelines on how the grievances or complaints can be acted upon, especially where such cases fall under the election offense cases, but they shall also conduct fact-finding investigation or preliminary investigation as the case may be, when such complaints or grievances are filed appropriately in its jurisdiction and prosecute the same.

The DSWD encourages the public to report their complaints and grievances to the nearest DSWD, DILG, and COMELEC offices with regards to political inf luence and manipulation to Pantawid Pamilya beneficiaries during election and campaign periods.

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Editor : Shaun Uy, E-mail: shaun_alejandrae_uy@yahoo.com

DOLE-X completes 1st stage audit for ISO 9001:2008 Certification The Depar tment of Labor and Employment (DOLE), Regional Office No. X updates the public a nd it s clientele t hat w it h t he move of t he De pa r t ment t o b e ISO (O rga n i z at ion for Inter national Standardization) 9001:2008 Certified, completes the f irst stage of exter nal audit through AJA. The two-day audit recently concluded last 18 October 2013.

A directive of DOLE Secretary, Rosalinda DimapilisBaldoz, this is a move of the D e p a r t m e n t t o b e t t e r s e r ve our clients through timely and quality delivery of its programs and projects.

ISO 90 01:20 08 focuses on

effective quality management s y s t e m s o n it s p r o c e s s e s i n meeting customer satisfaction.

T he f i r st st age of aud it involves document review that consists of the different technical and administrative processes of the Regional Off ice.

T h e R e g io n a l O f f i c e h a s successfully completed the first stage now prepares for the stage two audit on its implementation of all the processes en rolled.

DOLE-X Regional Director Alan M. Macaraya assures the clients that ISO certification will boost our service implementation t h r ou g h q u a l it y a nd p r o m pt assistance thereby promoting client satisfaction.

Caligdong, Malditas, and GAU FC to lead Globe Football Para sa Bayan Mini Fest

L

eading telecommunications company Globe Telecom is set to hold the Globe Football Para sa Bayan Mini Festival on October 26 at the DLSU Zobel Globe Football Field in Ayala Alabang. The event is a gathering of key movers in the football scene who want to assist disadvantaged youth and help in nationbuilding through sports.

“We want to capitalize on the sport of football as an intervention tool for children in underserved communities.

Sports is a way to develop the children’s well-being and may also open doors for them to a better life,” said Fernando Esguerra, Globe OIC for Cor porate Social Responsibility.

The one day celebration will be front-lined by Azkals Team Captain and Globe Ambassador Chieffy Caligdong together with his teammates in Green Archers United, one of the most competitive teams in the United Football League.

Joining them are members of the women’s national football team, more commonly known as Malditas and teen varsity football players from La Salle Zobel and La Salle Greenhills.

The pool of committed coaches and football mentors will facilitate drills and scrimmages for six football communities catering to disadvantaged children,

namely: Gawad Kalinga FC, Dream Big Pilipinas FA, Futkal FC, Payatas FC, Muntinlupa United FC, and Pinay FC. Globe Football Para Sa Bayan Mini Fest is a soft launch and preview to the year-round football campaign of the company in 2014 which will be composed of all partners working together to bring the program around the country to impact nationbuilding in a big way.

Football is just the first step in Globe sports advocacy as the company continues to develop various sports programs for its CSR communities.

Earlier, Globe officially unveiled its sports advocacy program, Globe Sports, by announcing its full support for Malditas and Muzang, the Philippine national futsal team.

Prior to the official launching of its sports advocacy, Globe also sponsored GAU FC in the United Football League, DLSU Greenhills Football Team, and a number of futsal tournaments.

By backing the Malditas and Muzang together with GAUC FC and DLSU Football Team, Globe becomes the biggest stakeholder of football in the Philippines. The said football teams will also carry the “Globe Football Para sa Bayan” as their CSR football advocacy.

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Conference... from page 14

aud it i ng, a nd f i na ncia l criminology.

Research paper presentations on microf ina nce, Isla mic finance and banking, and various related issues were also presented.

A specia l forum for s t u d e nt s o n f i n a n c i a l criminolog y was a lso provided with the aim in view of giving students a chance to look at accounting, banking and finance as an alternative approach to sustainable economic development and prosperity.

The executive committee of t his i nternat iona l conference is headed by RDO Amanoding Esmail of the Bureau of Internal Revenue (BIR) in Cotabato City.

His Co-chairs are Prof.

Dr. Rashidah Abdul Rahman of ARI in Malaysia, and Mr. Edwin de lo Santos, Jr. of PICPA Cagayan de Oro Misamis Oriental Chapter.

NEDA... from page 14

“It ’s good to repor t the performance of many sectors and see how this would contribute to the regional economy. This is a continuing effort until we come up with a more accurate quarterly picture of the economy,” said Uy, acting chair of the Regional Development Council.

EV-R E M A ha s b e en publishing statistics and analysis on prices, labor and employment, revenue collection, external trade, agricu lture and f isher y, tourist arrivals and receipts.

NEDA releases the report on the 12th week of the succeeding quarter.

The first quarter 2013 report revealed that the regional economy showed a mixed performance in the first quarter of 2013.

Total farm production dropped by 6.6. percent from January to March 2013 due to production shortfalls in crop, livestock, poultry and fishery.

The va lue of new construction went down by 16 percent compared to the first quarter of 2012.

I n c ont r a s t , tou r i s t arrivals posted an increase of 66.3 percent from last year.

Inbound visitors for the first three months totaled 175,685, way higher than 105,656 in the same period last year.

T he Gros s Re g iona l Domestic Product (GRDP) plummeted to negative 6.2 percent in 2012 from positive 2.1 percent in 2011. Eastern Visayas or Region 8 is the only area in the Philippines that posted a negative GRDP growth rate in 2012. (PNA)

Hearing... from page 15

T h e t w o -y e a r d e a l , SoEnergy Philippines will “make available, reserve, guarantee and deliver” 15 MW of power at full capacity to the electric cooperative.

SoEnerg y earlier established a power plant

composed of Caterpillar brand modular generators and other necessary facilities in a lot owned by Socoteco in Purok Lanton, Barangay Apopong here.

Based on Socoteco II’s projections, an additional 52 centavos per kilowatt-hour (kwh) will be added to the area’s basic power rates if the generator sets will be used for six hours daily and P1.22 per kwh for 12 hours.

A capacit y fee of 22 centavos per kwh will be cha rged to loca l power consumers whi le t he gener ator u n it s a re on standby.

Socoteco II and SoEnergy initially decided last month to start utilizing the generator sets even without authority but later backed off due to possible sanctions from the ERC. Crisanto Sotelo, Socoteco I I ’s t e c h n ic a l s e r v ic e s manager, said the use of the generator sets will eventually offset the area’s power deficit, which reaches as high as 25 MW. He said such shortage has forced them to impose daily rotational brownouts lasting two hours and 30 minutes for their 44 area feeders.

Sotelo said the National Power Corporation (NPC) presently supplies around 42 MW of power through its hydroelectric plants in Bu k inon and Lanao del Norte.

Aboitiz-owned Therma M a r i n e I nc . pr e s e nt l y augments the area’s power requirements by 35 MW based on an expanded power sale agreement it forged with Socoteco II. The Alcatara Group’s Mapalad Power Corporation supplies an additional 30 MW to the area, which has an average daily peak demand of 115 to 119 MW. (PNA)

Telecom... from page 15

about nothing because of the massive expense required in implementing the proposed law.

- No de ter rent to criminals as no hardened criminal will commit a crime by planting his own evidence against himself.

- T h e e n a c t m e n t into law of the subject bills will bring undue economic hardships, among others to the constituents of all the members of the House of the Representatives.

- The penalties are very oppressive and harsh.

AirAsia... from page 15

To avail of the promo, customers need only register online at www.airasia.com.

The tickets should be used between December 6, 2013 and April 14, 2014.

Macau w i l l be t he airline’s sixth regional route after Miri, Malaysia.

The newly rebranded airline earlier announced that it will launch direct f l ig ht s f rom Ma n i la to Malaysia’s second biggest city, and from Mactan Cebu International Airport to

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Kuala Lumpur on December 1.

Flights from Cebu to Davao, Cagaya n de Oro and Puerto Princesa will commence on November 15.

AirAsia Zest operates a f leet of 13 aircraft and serves nine domestic and four international routes f rom t he Ninoy Aquino Inter nat iona l A i r por t (NAIA).

Last May, the Philippine unit of Malaysia’s AirAsia acquired a 49 percent stake in Zest Airways Inc. With the buy-in, Zest Air has since been rebranded as AirAsia Zest.

Farmers... from page 16

the Vegetable Importers, E x por ters a nd Vendors Association of the Philippines (Vieva).

Of the total volume, 10 MT came from farmers in Barangay Datu Ladayon, Arakan, North Cotabato, and another 10 MT from producers in Sitio Kibalang, Barangay Marilog, Davao City.

Local farmers took the o p p or t u n it y t o e x p or t because Vietnamese buyers offered a good price, and preferred Philippine “ a t s u e t e ”, w h i c h t h e y said are better than those from Africa, from which Vietnam used to import regularly.

Ac cord i ng to Vie v a , importers from Hawaii and the US also signified their interest to buy Philippine “atsuete”. (PNA)

RCBC... from page 17

RCBC clarified, however, that part of the condition for the sale was that Bankard’s credit card operations “will be assigned and absorbed…

by RCBC through itself, or a subsidiary or affiliate”.

“RCBC expects to continue to operate the current credit card-related business of Bankard, Inc.,” RCBC’s disclosure read.

“No d isr upt ion on operations is expected from the above-disclosed transaction.”

The transaction worth over P1 billion, Teresita S. Sion, assistant vice-president for Trust of PBB Trust and Investment Center, said in a telephone interview.

Asked further if the shell company will be used as a vehicle for backdoor listing, Ms. Sion replied: “It’s possible,” but would not elaborate.

Net income of RCBC rose 5.32% to P3.17 billion in the first half from P3.01 billion in the same six months last year, that of PBB soared 60% to P795 million in the first semester from P497 million.

www.johndprovoice.com

BSP...

from page 17

a nd 37 were rura l a nd cooperative banks.

The banks who applications were approved i nclude Robinsons Bank Corp., BDO Unibank, Philipine Bank of Communications, Metrobank, China Bank, China Bank Savings, Philippine Business Bank, Security Bank Savings Corp., RCBC Savings Bank, and Sun Savings Bank.

Maguindanao, Villar Foundation partner for Muslim women livelihood COTABATO CITY -- Maguindanao and Villar Foundation of Senator Cynthia Villar have trained 35 Muslim women from different towns in the province to convert wastes into money making ventures.

Maguindanao is “very rich” in water hyacinths along various tributaries and major rivers in mainland Mindanao which is now called “green gold.”

The prospective entrepreneurs, most ly from communities in Maguindanao, were Muslim rebels who have underwent extensive training on water hyacinth handicrafts under the Provincial Water Hyacinth Development Program (PWHDP) from October 14 to 18.

According to Lea Sagan, PWDP head, the training was jointly organized by the office of Maguindanao Gov. Esmael Mangudadatu and the Villar Foundation.

Complementing the joint project was the Department of Trade and Industry and the Department of Science and Technology, two major line agencies of the Autonomous Region in Muslim Mindanao (ARMM).

In a statement, Mangudadatu said the joint project was in support to Malacañang’s efforts and the MILF to provide socio-economic empowerment to Muslim women while negotiations to end decades of armed conflict in Maguindanao was in progress.

Water hyacinths (Eichhornia Crassipes) are so abundant in swamps and rivers in Maguindanao that connect to the Liguasan Marshland.

Mangudadatu lauded the Villar Foundation for providing manual water hyacinth stalk flatteners to the participants hoping one day they will become major producers of hyacinth products in local and international market.

Mangudadatu said his office is now working to establish a direct connection between local producers of water hyacinth products, such as bags, decors and ornaments, with international market.

“We do not only provide these women with source of livelihood, we also help them find market for their products here and abroad,” Mangudadatu said in a statement. (PNA)

DATS TECHNICAL UNLI PROMO From September-October 2013 (TUITION ONLY)

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20% DISCOUNT will be given to those who will enroll and pay 2 months before the course date.

10% DISCOUNT will be given to those who will enroll and pay 1 month before the course date.

GROUP DISCOUNT PROMO (CASH TERM ONLY): 1. 15% OFF, if you refer 1 friend for the same course 2. 20% OFF, if you refer 2 friends for the same course 3. 40% OFF,if you refer 3 friends for the same course 4. 50% OFF, if you refer 4 friends for the same course 5. YOUR TRAINING TUITION IS FREE, if you bring 5 friends for the same course.

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Fun Page

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Editor : Clifford Santillan, E-mail: santillan.clifford@yahoo.com

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KC Concepcion speaks up about being linked to NBA player Chandler Parsons Sa programang Kris TV na inere noong October 22, nagsalita na nga si KC Concepcion tungkol sa pakakalink sa kanya sa Houston Rockets Power Forward na si Chandler Parsons. Kamakailan nga ay ginanap ang pre-season global game ng NBA sa Pilipinas kung saan naglaro ang Indiana Pacers at Houston Rockets (ang basketball team kung saan kabilang si Parsons).

Nang buksan ni Kris Aquino ang paksa tungkol dito, pilit pang iniiwasan ng aktres na pag-usapan ito ngunit nagsalita na rin si KC tungkol dito. Noong una’y ang mga kumpirmasyon ay galing lamang sa Twitter at Instagram account ng dalaga kung saan nag-post ito ng litrato kasama ang basketbolitsa at ng ilan sa kanilang mga kasama noong lumabas sila. Aniya, “May welcoming dinner lang kami. Dito kami sa The Fort, we were 15. Ayaw ko na pag-usapan.” At nang tinanong ni Kris

clifford’s

Daily HOROSCOPE AQUARIUS (January 20 – February 18) - A meeting of the minds turns into something much more intense -- so try to roll with it and see where it leads.

It could be a new love, or it could be something much stranger and more interesting.

PISCES (February 19 – March 20) - This is not such a good day to plan big moves or to make any sudden changes. Things are okay as they are, and you should be in a better place to try new activities in a few days or weeks.

ARIES (March 21 – April 19) - Your ability to reach other people and make them understand where you’re coming from is pretty amazing -- but that doesn’t mean you can’t stumble. Pay attention to everything going on around you.

TAURUS (April 20 – May 20) - You’re moving faster than ever -- maybe too fast! Try not to make any serious mistakes, or you may just cost yourself that lead you’re starting to build. Slow and steady wins the race!

GEMINI (May 21 – June 21) - Your fantastic energy needs an outlet -- preferably several of them!

Get on the wire and find some like minds who can help you as you start on some terrific new project. Things can get really exciting!

CANCER (June 22 – July 22) - You’re taking risks that nobody thought you ever would -- and coming out on top! It’s a good day to walk on the wild side, though you’re pretty sure you will return to the straight and narrow soon.

kung bakit ayaw na niya itong pag-usapan, “E kasi umalis na sila.”

Kinumpirma din ni KC na kasama niya ang kanyang mga kapatid na sina Garrie at Cloie nang lumabas sila kasama ang basketbolista at ilang mga ka-teammates nito. “Yes I was with my sisters, I was with his other teammates and then I was with my friends. Ang dami namin, we made them taste Pinoy food.” Ibinahagi din niya ang detalye kina Kris at Judy Ann Santos, na panauhin din sa episode ng Kris TV kung saan sila pumuntang restaurant sa The Fort. “Aracama pero actually malapit na lang siya sa Prive at Imperial, so para, strict kasi yung security nila so nandun lang kami sa isang area.” Ngunit kwento ni KC, “Wala silang masyadong nakita.” Na nakakuha pa ng tukso mula kay Judy Ann, “Malamang babalik siya kasi wala silang nakita.”

Ayon kay KC noong pinakain niya ng

Mindanao Daily News’

-MovieWatch-

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TNX .AND GOD BLES U.

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CIRCLE A WORD school days

academic assembly blackboard essay exams form hall head boy head girl homework

course dean desks lesson lines master prize pupil roll-call scholar

junior learn lecture sports stream study swot teacher term tutor

ilang pagkaing Pinoy sina Chandler at ang mga kasama nito, “Well actually kinailangan kong iexplain kung ano ang sisig kasi meron silang sisig lumpia tapos kung ano yung parang fishballs ganun.”

Ngunit ang paglilinaw ni KC tungkol sa namamagitan sa kanila ni Chandler, “Friends kami, yun lang.”

Napag-usapan din ang panonood niya sa Mall of Asia ng laban ng Rockets at Pacers, “Oo nanood ako, binigyan niya ako ng ticket sa game. Nanood ako, it was my first time, wala talaga kong alam sa basketball… It was my first time to see a live game, and then it was just nice kasi nga a lot of people saw that we were tweeting kaya siguro nilagyan ng anggulo, ng romance na anggulo kasi they have been seeing us tweet.” Kaya naman tinuldukan na ni KC ang isyu. Aniya, “We are friends.

I had a good time. We had a good time.” push. abs- cbn.com

school senior speech day boarder chalk choir chums class comprehensive

The first movie poster for Summit Entertainment’s Ender’s Game highlights the massive scope of this sci-fi adaptation, based on Orson Scott Card’s novel. Asa Butterfield stars as Ender, who is recruited by the government to join the elite trainees at the Battle School, to help the humans win their ongoing war with alien forces known as the Formics.

Ender’s Game begins on Earth after an alien attack, when gifted children are recruited by a government desperate to fight back. The kids are taught a competitive game that’s a cross between the Quidditch matches of Harry Potter and the Jedi light saber battles from Star Wars. Only the best and brightest will be chosen. A young boy emerges as a genius strategist, and the planet’s best hope to destroy the alien Formic race.

Director Gavin Hood described the battle room as seen in the teaser poster below, saying, “This is the high school football field, only it’s in three dimensions. It’s the size of a football field in all directions: up, down, left, right. And the idea is teams jump out from opposite ends of this amazing space and play this amazing game of 3D paintball, almost.”

The battle room is a cube in the book, but the film will turn it into a sphere. Gavin Hood adds, “What if we could see through?

What if we could see out of the space, and we’re moving around the Earth and turning at the same time?”

ENDER’S GAME release date :

N ovember 1, 2013

SUDOKU How to play the game?

Fill in completely every rows, columns and diagonals of each puzzle without repitition

Yesterday’s Answer

of the same digit.

LEO (July 23 – August 22) - This is a good time to indulge in some wishful thinking -- your ability to dream up great ideas is at an all-time high!

It’s even more important for you to share these new ideas with friends or colleagues, of course.

VIRGO (August 23 – September 22) - Your logical side is dominant today, so give it a spin and try to figure out those problems that might yield to some hardcore analysis. Do your homework -- you need all the facts to make it work!

LIBRA (September 23 – October 22) - Your big brain needs a boost, and that could mean anything from a trip to the library to a deep dive into the weeds of Wikipedia. Learn more, process that knowledge, then turn it into something marvelous!

SCORPIO (October 23 – November 21) - Something small and weird pops out and captures your attention -- so look more closely!

It’s a good idea for you to deal with it as soon as you see what it means. It’s a time of flux.

SAGITTARIUS (November 22 – December 21) Things are up in the air in a big way -- but that just means you can have a greater effect on where they land! Get out there and show the team what you’ve got, and you can expect a great success.

CAPRICORN (December 22 – January 19) - You’re a bit flightier than usual, and those around you may comment on it. Ignore them! Have fun with this influx of positive social energy, even if it does leave you feeling exhausted later on.

Amazing Facts!

Did you KNOW?? ..

Antarctica is the coldest continent on earth, where a temperature of 126.9 degrees F below zero was once recorded. Chicago is home to three of the five tallest buildings in the world, the Sears Tower, Standard Oil Building, and John Hancock Center.

CROSSWORD puzzle

across 38. Piece of rock 1. Bird of prey 39. Verse makers 5. Zygomatic bone DOWN 10. Alcoholic beverage 1. Alleviates 11. Deduct 2. Still in existence 12. Moral offense 3. Nonexclusive 13. Trims 4. If not 15. Adam and_ 5. Dock 16. Silkworm 6. _Sayyaf 17. Slave 7. Resinous substance 19. Legislates 8. Consumed food 22. People of Northern Luzon 9. Ceases from action 24. Put beyond hazard 14. Come before 25. Percussion instrument 18. Virus disease 28. Append 20. Conjunction 30. Mineral spring 21. Fashion accessory 31. Seaman 23. Rainbow color 35. Cager Taulava 24. Semifinals 36. Cake coating 26. Emotionally dis 37. Hair-styling preparation turbed

27.

29.

32.

33.

34.

Posts Fall Deed _de Janeiro Tavern

Yesterday’s Answer

Mindanao Daily 23 NEWS

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Zambo crisis cost businesses P76M/day: DTI BUSINESSES in Zamboanga City lost more than P76 million in revenues a day during the three weeks of fighting between government troops and the Moro National Liberation Front (MNLF), the Department of Trade and Industry (DTI) said Friday.

Besides the losses from unconsummated sales, war-torn Zamboanga also had “missed investment opportunities for the city, foregone sales from marketing events like Zampex [Zamboanga Peninsula Trade Exposition], and unrealized revenues from tourism considering that Zamboanga’s grandest festival, the Fiesta Pilar, is fast approaching,” DTI Region 9 director Nazrullah B. Manzur said in a statement.

Manzur said the regional trade fair cannot be held this month “to give way to more urgent activities in support of the local and national governments’ efforts for the early recovery and rehabilitation of Zamboanga City.”

Review...

He said the armed conflict caused the death and injuries of hundreds of individuals on top of the 23,794 families or 118,819 persons displaced as well as more than 10,000 houses destroyed.

Manzur said the DTI is now identifying potential beneficiaries of livelihood training among small and medium enterprises (SMEs) in the city as well as groups or cooperatives to be funded under the DTI’s Shared Service Facility (SSF) initiative.

“In the midst of all that’s happened to our city, we are pleased to note that most businesses that have remained opened during those darkest moments in our history did not take advantage of the situation to jack up prices or to hoard. And our appeal for sobriety among consumers had been heeded, although incidences of panic buying had been reported during the early days of the fighting in some areas of the city,” Manzur said.

Corporation (KEPCO) for the 7,000 plus WEC delegates.

T he ERC cha ir noted that the conference’s theme center i ng on Secu r i ng Tomorrow’s Energy Today: “serves to remind government leaders, industry captains and other stakeholders in the energy sector on the urgency to address the concerns of the world while trying to secure a sustainable energy future that is socially acceptable and environment-friendly.”

She thus aired hopes that the Philippine ERC, as well as the world, “will benefit from the energy experience of countries in Asia.”

KEPCO president and chief executive officer Hwan-eik Cho reminisced his company’s “past” when it comes to overseas investments – and that path traced its initial footprints in the Philippines via investment in the rehabilitation of the 650-megawatt Malaya thermal plant in Rizal province.

“Starting with our projects in the Philippines in 1995, KEPCO has expanded its scope of business globally,” Cho stressed; and that already stretched to 40 projects in 23 countries.

He added the Korean firm’s landmark achievement was when it was awarded the multi-billion nuclear power development project in United Arab Emirates in 2009.

“In a mere two decades, we have set our sights on rapid growth to meet our aim of becoming a truly global ut i lit y,” t he Kepco chief executive said.

And with such achievements, he credited “t he st rong suppor t a nd commitment of our longtime partners,” otherwise, “KEPCO would not be where it is standing now.”

particularly in Cateel, where a proposed system would irrigate about 2,000 hectares of rice farms.

The project will also be funded by the Philippine Rural Development Program, an upgrade of the Mindanao Rural Development Program, which will expire this year.

“This (irrigation) project is our big stride towards realizing our dream of making Davao Oriental rice self-sufficient,” said Ms. Malanyaon.

The provincial government has a lso identif ied ot her high-value crops to develop, to support its program for sustainable livelihood. Among the crops are cacao and oil palm, as these helped farmers i n t he deva stated tow ns rehabilitate their coconut plantations.

The Provincial Development Council has made a resolution to intercrop cacao on coconut farms after US firm Mars, Inc. set up a cacao development center in the provincial capital, Mati City.

Ms. Malanyaon said that t he prov ince has a lready started intercropping cacao in its western part, with the target of expanding production area by 15,000 hectares by 2015.

As for oil palm, Manuel V. Pangilinan, chairman and president of the Philippine Long Distance Telephone Co. (PLDT), earlier said that a joint venture with investors from Indonesia was planning to develop 20,000 hectares of oil palm plantations in farms that were once planted with coconut.

The provincial government is also looking to develop eco-tourism sites such as the Aliwagwag Falls in Cateel, Pusan Point in Caraga, the Cape of San Agustin Heritage Park in the town of Governor Generoso.

from page 13 of the money will be used to rehabilitate provincia l roads, bridges and ot her infrastructure destroyed by the typhoon in three coastal towns -- Baganga, Cateel and Boston.

The funds for the program w i l l be ta ken out of t he 2 0 % L o c a l G over n ment De velopment Fu nd . Ms .

Malanyaon said that part of the money will be used to construct irrigation systems,

from page 13 technology was being used by some advanced countries in Asia such as China and South Korea.

She said the city g o v e r n m e n t ’s p o w e r expenditure has gone up because the city government is still employing an obsolete lighting system that requires higher wattage.

According to Darimbang, the city government owed so much to the local electricity

from page 13

Agri...

Tasked...

“Since Day 1 of the crisis, we have been conducting daily monitoring of basic and prime commodities that fall under DTI’s mandate to ensure adequacy of supply and stability of prices. Our personnel had been doing the rounds daily from the east to the west coast of the city to check on the price and supply situation, often risking lives and limbs as they go about their duty,” he said. “ We will continue to do special monitoring activities until things have returned to normalcy as part of our contribution to the recovery efforts,” he added.

Employees of the DTI of fice in Zamboanga donated about P18,000 to the residents affected by the conflict. “This amount may be small but this gesture of commiseration from our comrades is definitely uplifting,” Manzur said.-InterAksyon

a nd power supplier here because of the “excessive power consumption.”

Early t his mont h, t he Cagayan de Oro City Power and Light Company (CEPALC0) sent a demand letter asking the city government to settle its electricity bill that has gone up to about P 140 million or “face disconnection.”

City Councilor Prexy Elipe, chair of the council’s finance committee, ways and means, said that the city government’s electric bill was only P 30 million.

However, the electricity bill ballooned to over P140 million because of the higher penalty rates that has been questioned by the city government in court.

Poverty...

from page 13 said Tuesday the survey is now dubbed “Listahanan” to depict its goal of enlisting every “poorest of the poor” household in the area into its social protection programs.

Region 12 or Southwestern Mindanao (also known as the Soccsksargen), comprises the provinces of South Cotabato, Sultan Kudarat, Sarangani, North Cotabato and the cities of General Santos, Koronadal, Tacurong, Kidapawan and Cotabato.

Taha said the sur vey’s “new official brand name” was derived from Filipino words listahan or list and tahanan or home. “(The rebranding) is aimed at making it more familiar to residents. We’re hopeful that it will eventually find its way to becoming a household term,” she explained in a statement.

Aside from the new brand name, Taha said they have adopted a new tagline and logo for the initiative, which is part of the scheduled nationwide NHTS-PR assessment.

The survey’s new tagline is: “Talaan ng Pamilyang Nangangailangan.”

Taha said the new brand balances the assessment’s authority and objectivity, which represents the scientific accuracy of the list, with compa ssion or c a re a nd protection of the poor, which are consistent with the image of the agency.

“We merely changed the name of the NHTS-PR to “Listahanan.” Its overall aim to identify who and where the poor are remains the same,” she said.

Taha also said they are targeting to start the second nat ionw ide household assessment later this year or within the first quarter of 2014.

NHTS-PR is an information ma nagement system t hat identif ies who and where the poor households are, a program briefer said.

It said its system guarantees t he establ ish ment a nd management of a national socio-economic database of poor households using a globa lly-accepted methodology.

The NHTS-PR database was the sole basis for the selection of beneficiaries of the national government’s a nt i-p ove r t y pr o g r a m s , among them the continuing Pantawid Pamilyang Pilipino Program or the conditional cash transfer initiative and the social pension for poor senior citizens as well as other marginalized and vulnerable sectors.

During t he launching of the NHTS-PR in 2009, DSWD-12 assessed a total of 581,853 households in the entire region.

The assessment results showed that some 296,043 hou s e hold s i n t he a re a were considered poor and eventually targeted for various social services of the national government.

For the second NHTS-PR survey, DSWD-12 aims to “visit and interview” a total of 245,055 households in North Cotabato; 212,590 in South Cotabato; 146,777 in Sultan Kudarat; 93,178 in Sarangani; and, 77,736 in Cotabato City.

It will cover a total of 1,194 barangays, 168 of which are classified as urban and 1,026 rural.

The agency earlier said it is targeting to assess a total of 193,482 poor households in the region for the survey.

(MindaNews)

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Liceo U hosts history confab today

T

he Philippine National Historical Society (PNHS) together with the National Commission for Culture and the Arts-Committee on Historical Research (NCCA-CHR), Liceo de Cagayan University, Philippine Social Science Council (PSSC) and the National Commission for Culture and the Arts (NCCA) will hold its 34th National Conference on National and Local History with the theme History and Culture on October 24-26, 2013 at the Liceo de Cagayan University, Cagayan de Oro City, Misamis Oriental.

This year’s conference theme is “History and Culture” and 2013 is also the 150th birth anniversary of Andres Bonifacio and the PNHS Conference is in commemoration of the Sesquicentennial.

Papers to be presented include “The First and True Structure of the Katipunan” by Angelito Nunag from the University of the Philippines Diliman Extension Program in Pampanga; “Unrest in Northern Mindanao: The Fort Victoria Mutiny, Iligan 1896 and Regiment 68 Mutiny, Cotabato 1898”

by Gregorio Jose Hontiveros of the Butuan City Heritage Society; “The 1899 Independence Proclamation of the Kagay-anon Katipuneros in the Second District of Mindanao” by Dr. Roel Absin of Xavier University; “A Survey on the Role of the Augustinian Recollects in the Establishment of Cagayan de Misamis (1622-1898)” by Ruhollah Al-Husseini Alonto of the Mindanao State University-Iligan Institute of Technology; “Continuity and Change of the Cultural Heritage of Indigenous People in Socsksargen” by Dr. Domingo Non of MSU General Santos); “The

Participation of Butuan in the Southeast Asian Maritime Trade before the Advent of Western Colonization” by Mary Jane Louise Bolunia of the National Museum; “Revisiting the Sulu Sultanate” by Dr. Calbi Asain of MSU Sulu; “Adaptation of the Laws of Indies Plan in Cebu Province” by Kiyoko Yamaguchi of the Chinese University of Hong Kong; “Pride of Place: Representing Heritage in Cebuano Local History” by Dr. Erlinda Alburo of the University of San Carlos; “The Visayas: Islands in the Seas, A Historical Perspective” by Dr. Earl Jude Paul Cleope of Silliman University; “Bathan and Engkantos of Biringan City: A History of the Eastern Bisayan Spirit-World” by Geroge Emmanuel Borrinaga of the University of San Carlos; “The Rise and Fall of Samar Pueblos (1768-1911) by Dr. Rolando Borrinaga of the University of the Philippines in Palo, Leyte; “Deconstructing History and the Concepts of Writing Philippine National and Local History: Perspective and Challenges” by Roberto Abad Navales of Liceo de Cagayan University; “Batanes and its Ecology of ‘Hiwaga’”

by Nick Deocampo of University of the Philippines.

For inquiries, contact conveners Bernardita Churchill of PNHS through numbers (02) 926-1347 and 09194905371 or email nitachurchill@hotmail. com; or Dean Fe S. Tolibas of Liceo de Cagayan University through numbers (088) 858-4093 to 95, local 224, 09209133143 and 0917-7003143, or email deantolibas@yahoo.com. Visit http:// pnhsi.tripod.com or www.facebook. com/#!/groups/261968227163626/.