BusinessWeek Mindanao (October 2, 2013)

INSIDE LOOK

Gov’t shutdown to have real economic impact on Americans - Obama Economy

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SC orders BIR to refund cigar firm in P355M paid taxes Corporate World

Mini hybrid cow program launched

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Coca-cola provides P1M worth of Wilkins Water

Agri-Business

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Briefly One brgy product THE Cagayan de Oro City council’s committee on tourism is putting together plans to launch the “One Barangay, O n e Pr o d u c t ” p r o g r a m here, City Councilor Candy Darimbang said on Tuesday.

Darimbang, who chair the committee on tourism, said that the project was one of the most feasible channels where local indigenous products endemic to a par ticular barangay could be provided maximum exposure.

She said that while the project basically cater to the city’s program to promote local tourism, the introduction of in d ig e nous pro d u c t s could open up profitable opportunities in the local and international markets.

“We know that domestic and foreign tourists are akin to products that border on uniqueness and exotic form, appearance, and taste,” Darimbang added.

Constituency dialogue AIMING to have a united action for development and progress, the Region-10 office of the Department of the Interior and Local Government (DILG-10) conducted a Constituency Dialogue at City Tourism Hall here on Monday.

The Constituency Dialogue entitled “Talakayan ng Pamayanan Tungo sa Kaunlaran ng Bayan” is also in celebration of the 22nd anniversary of the Local Government Code of the Philippines.

“United action entails transparency (advocates accountabilit y and open g o ve r n a n c e), v i g i l a n c e (i nte n s i f y i n g c i t ize n’s engagement), and volunteerism (strengthen people’s participation) on the part of the people in governance,” said DILG-10 Director Rene K. Burdeos.

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WB pours P842M for M’nao dev’t projects

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By BONG S. SARMIENTO, MindaNews

ORONADAL City -- At least P842 million worth of projects have been completed across Mindanao under a World Bank-funded program for agriculture since the project was launched six years ago, officials said.

MRDP PROJECT. Program director Lealyn A. Ramos (left) and Balindong, Lanao del Sur Mayor Raysalam Mangondato quench their thirst from the MRDP-funded potable water system (PWS) installed in one of the town’s hinterland barangays.

In 2007, the Department of Agriculture (DA) launched the expanded Mindanao Rural Development Program (MRDP), mostly funded by a loan facility from the World Bank with counterpart funds from the national and local governments.

Under M R DP ’s

C o m mu n i t y F u n d f o r Agricultural Development (CFAD), the government allotted at least P1.2 billion in livelihood assistance to farmers and peoples’ organizations, of which P842 million has been utilized so far, according to a statement issued by the DA Region 12

office here.

Region 12, also called the Soccsksargen Region, led the disbursement of program funds at a rate of 93 percent and is also the region with the most number of completed subprojects among the six regions in Mindanao, said Amalia J. Datukan, DA-12 director.

Region 12 comprises the provinces of South Cotabato, Nor t h Cotabato, Su lta n Kuda rat a nd Sa ra nga ni and the cities of General Santos, Koronadal, Tacurong, Kidapawan and Cotabato. projects/PAGE 23

M’nao traders upbeat despite Zambo crisis DAVAO City -- Mindanao’s business sector expressed confidence that Mindanao’s economy will bounce back following the resolution of the Zamboanga crisis, particularly that situation in the city is now returning to normalcy.

Daniel Lim, president of the Davao City Chamber of Commerce and Industry, Inc. (DCCCII) said that Mindanao would definitely overcome the negative effects of the Zamboanga siege.

“We will certainly survive from this crisis. This may slow down our growth, but it will definitely not stop Mindanao from growing,” he said while adding “the incident may have caused Mindanao to step back in terms of economic growth, but we will move forward again.”

He said that there is no guarantee that this incident will not happen again, but believed that development upbeat/PAGE 23

NGCP fast-tracts project IN ANTICIPATION of the incoming increased load in Central Mindanao region, the National Grid Corp. of the Philippines (NGCP) is fasttracking the completion of its P623.5-million transmission project in Mindanao next year, the f irm said in a statement Monday.

“NG CP i s c u r rent ly reinforcing its existing highvoltage transmission line from Matanao town in Davao

Del Sur to the city of General Santos in South Cotabato,” the statement read.

The project, which aims to prevent overloading and line tripping, also involves the expansion of the General Sa ntos a nd Mata nao substations.

It include the installation of power circuit breakers and corresponding accessories, which protect the substation NGCP/PAGE 23

LAKE FISHING. A fisherman checks his net, locally known as “pukot,” in Lake Seloton in Lake Sebu town of South Cotabato. Lake Seloton is one of the three lakes of this town. Tilapia fishing is the main source of living for residents around the lake. mindanews photo by arthur yap

Use of gensets as ancillary service mulled

By GRACE BEBER, Reporter

A MID t he perceived waning interest shown by electric cooperatives in the government-initiated stopgap measure of acquiring modular generators, the Department of Energy (DOE) has offered the operation of the generating sets and make power distributors an

ancillary service provider of National Grid Corporation of the Philippines to ensure adequate supply.

DOE Secretary Carlos Jericho Petilla said the gensets to be leased or sold from the National Electrification Administration could be treated as ancillary services.

“We are studying right now to use the gensets as ancillary [service provider] in two years time. [The co-ops] can return the gensets to us or if they don’t return them, they can sell it to NGCP,” Petilla said.

Ancillary services refer to those necessary to support gensets/PAGE 23

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Economy

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Gov’t shutdown to have real economic impact on Americans – Obama WASHINGTON -- U.S. President Barack Obama said on Monday that a government shutdown would have very real economic impact on the Americans.

“It does not have to happen,” Obama said in a late afternoon statement in the White House. “All of this is entirely preventable if the

House chooses to do what the Senate has already done, and that’s the simple act of funding our government without making extraneous

and controversial demands in the process.”

He made the remarks as the deadlocked Congress makes the first government shutdown in 17 years seem probable.

“A shutdown will have a very real economic impact on real people, right away,” Obama told reporters. “Past shutdowns have disrupted the economy significantly.

This one will too,” he added.

(PNA/Xinhua)

Two UK business missions to PHL set before year’s end Hoping to double trade with the Philippines by 2017, the United Kingdom’s Embassy in Manila announced over t he weekend t hat it is organizing two business missions to the Philippines before the end of the year.

“The business missions are part of the plan to double trade by 2017,” UK Trade and Investment director in

Manila Iain Mansfield said.

Mansfield told reporters that the business missions are slated for November and December, with the first composed of firms from all over the UK and the second to be participated in by companies from London and the North Western part of the country.

In 2012, two-way trade

of goods and services of the two countries reached £1.2 billion.

T he t wo i mp end i ng business missions will bring the total of UK-led missions to the country to a total of six to seven this year. “ That is t he hig hest number (from the UK) in a while,” Mansfield said noting that there has been increasing

interest from British firms to look at opportunities here given the country’s positive economic performance.

‘Webinars’ Meanwhile, Mansfield also said the UK Embassy has put a series of webinars in motion, for companies who may not be able to reach the country at the moment. phl/PAGE 21

COTABATO CITY -- The Autonomous Reg ion i n Muslim Mindanao (ARMM) is set to establish a credible baseline data of the region’s so cio-economic standing to help guide policymakers, regional officials announced Tuesday.

The initiative coincides with the celebration of the 24t h Nationa l Statistics Month this October.

ARMM Vice Governor Al-Rashid Haroun Lucman Jr., concurrent regiona l social welfare secretar y, armm/PAGE 21

Liquefied Petroleum Gas (LPG) cylinder products effective Tuesday noon.

In a text advisory to Philippine News Agency, Total said that it will cut P1.50 per kilogram of LPG cylinder products inclusive of value added tax.

Earlier, Petron also announced

The price roll back is due to movement of international LPG contract prices for the month of October.

Unlike other petroleum products such as diesel and gasoline, LPG prices are moved only once a month, depending on the international contract price for a particular month. (PNA)

ARMM to establish credible Total implements LPG price roll back – Total announced that it the cut in its LPG prices starting 12:01 baseline socio-economic stats MANILA will implement a price roll back on a.m.

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CorporateWorld

Aboitiz Power renews permit to operate hydro plant in Ilocos Sur THE Energ y Regulator y Commission (ERC) has renewed t he l icense of Aboitiz Power Corporation to operate a hydro plant in Ilocos Sur. In a statement, Aboit i zPower sa id it received a fresh Certificate of Compliance (COC), granting it a five-year mandate to run the 70-megawatt Bakun AC hydro plant.

The Ba kun AC plant is operated by the Luzon Hydro Corporation and is managed by Hedcor Inc. Both companies are fully owned subsidiaries of AboitizPower.

The granting of the COC means Luzon Hydro has met environmental, technical

and financial standards set forth by ERC. The COC will be valid for five years and should be renewed six months before its expiration.

Situated in Alilem, Ilocos Sur, Bakun AC is a run-ofriver hydropower plant that harnesses the natural flow of the Bakun-Kayapa rivers to generate electricity.

The construction of the 70-megawatt power plant began in 1997, pursuant to a power purchase agreement under the build-operatetransfer (BOT) scheme.

Under the BOT scheme, the facility will be turned over f ree of cha rge to state-run National Power Corporation after 25 years.

50-megawatt wind farm approved F I R S T M A X P OW E R Internat iona l Cor p. has received the green light to proceed with construction of its 50-megawatt (MW) w i nd p ower proje c t i n Negros Occidental after the Energy department declared the venture commercially feasible.

“We issued a certificate confirming the declaration of commerciality of First Maxpower’s wind project,” Mario C. Marasigan, the d e p a r t m e n t ’s d i r e c t o r for Renewable Energ y Management Bureau, told reporters in a briefing at the department’s office in Bonifacio Global City. “We

issued the certificate last Sept. 17. That’s for a 50MW project in Pulupandan, Negros Occidental.”

Mr. Marasigan said the company can now proceed with the construction of the project. “ They w i l l now star t t he const r uc t ion of t he project. The declaration of commerciality proves that a project is commercially feasible. It is submit ted to the DoE (Department of Energ y) a f ter a compa ny completes t he feasibility studies and all other requirements,” Mr. Marasigan explained. farm/PAGE 21

Mindanao Daily 15 NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

Editor : Neslon Constantino , e-mail- nelconstant@gmail.com

SC orders BIR to refund cigar firm in P355M paid taxes THE Supreme Court has ordered the Bureau of Internal Revenue (BIR) to return more than P355 million in taxes collected in 2002 from Lucio Tan-owned Fortune Tobacco Corporation.

In a decision written

by Associate Just ice P re s bit ero Ve l a s c o Jr., the High Tribunal ’s 3rd Div ision ordered t he Court of Tax Appeals to issue a writ of execution directing “the respondent CI R [C om m i s sioner of Internal Revenue] to pay petitioner Fortune Tobacco Corporation the amount of tax refund of P355,385,920.00 as adjudged[.]”

“The decision of the CTA En Banc dated March 12, 2010 and the Resolution dated June 11, 2010 in CTA EB No. 530 entitled “Fortune Tobacco Corporation vs.

Commissioner of Internal Revenue” as well as the Resolutions dated June 4, 2009 and August 10, 2009 which denied the Motion for Issuance of Additional Writ of Execution of the CTA First Division in CTA Cases Nos. 6365, 6383 and 6612 are set aside,” the decision read.

Concurring w it h t he ruling were Associate Justices Diosdado Peralta, Roberto Abad, Jose Catral Mendoza and Marvic Leonen.

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Holiday Collections at SM Accessories I t really is the season of fashion fun at SM Accessories Kids! We’ve got stylish picks for boys and girls of all ages as we present to you the Holiday Collections of SM Accessories.

It’s style fit for a true princess with our colorful gems and crystals, tiaras and bracelets that can make all those fairytales come true.

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As for the boys, nothing comes deeper than the shade of blue with sporty street pieces that are essential to every stylish kid’s wardrobe.

Grab your wallets, bonnets and watches

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Later into the season, you can also shower yourself with all the sparkle and glamor of glitters and the holiday feel of bows and ribbons.

Unique acrylic purses, jewel-toned hats, bedazzled eyewear will feast your eyesight this season of giving!

The boys get their fair share of holiday dressing with an edgy punk rock look with button pin-adorned accessories and striped belts.

Or they could go for the classic army pieces that are versatile enough to wear with any outfit!

Can’t wait to see these in person? Head on to SM Accessories Children’s Accessories section at any SM Store near you!

AgriBusiness

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Mini hybrid cow program launched

By CARMELITO Q. FRANCISCO, Correspondent

DAVAO CITY -- A project that would produce hybrid cattle to solve the problem of inadequate meat from local stocks has been launched at the University Philippines (UP) Mindanao.

Dubbed the Mindanao Catt le Research and Development Project, this is a joint undertaking of the state university and the Department of Agriculture.

T h e pr oj e c t e nt a i l s artificially inseminating native cows w it h semen from miniature Hereford cows from Herefordshire, England.

Davinio P. Catbagan, Agriculture Undersecretary for livestock, said that the resulting cow will be “good

for sma l l fa rmers si nce it is easy to care for but productive in terms of meat volume.”

Prof. Antonio R .

Obsioma, research projec t head , s a id t hat the project was the idea of UP Mindanao alumnus Dr. Cecilio T. Felix, who don ate d m at er i a l s a nd facilities for the project.

Mr. Felix provided the semen from the Hereford bull and seeds for pasture grass, according to a post

on the UP Mindanao Web site.

The expected “foundation herd of miniature cattle” may grow to maturity in 14-20 months and be 350600 pounds heav y and 4 feet high, the post said.

Part of an initial P2.5mi l lion project f unding was used to buy 20 native cows a nd prepa re t hem for the experiment. The remainder was for preparing the facility where the cows would be housed.

The Agriculture regional office is adding another P1.3 million and noted that the agency’s central office will provide another P3 million next year when the project matures.

The good thing about the Hereford cow, Mr. Catbagan added, is that it consumes only about a third of the food consumed by a native cow. Raising a Hereford cow wou ld only require two hectares for 10 cows, the same area required for two native cows.

“In the livestock industry, the good projects are the ones that don’t consume fe e d s ,” h e a d d e d . T h e success of the project, Mr. Obsioma explained, would be measured by the meat and milk volume produced.

He added that the project w o u l d a l l ow b a c k y a r d cattle raisers to maximize produc t ion even w it h limited inputs.

Davao chamber readies for Golden Crops confab DAVAO City -- The Davao City Chamber of Commerce and Industry, Inc. (DCCCII) is finalizing preparations for an expo exhibit-conference that focuses on demand crops and at the same time help farmers improve their production.

DCCCII president Architect Daniel T. Lim said this will be undertaken through the Davao Trade Expo 2013 which the Chamber has been spearheading yearly.

Now on its 15th year, Lim said DATE 2013 will highlight five golden crops namely cacao, coconut, coffee, corn and cassava. It will be held on October 17 to 19 at SMX Davao Conventional Center, SM Lanang Premier in Davao City.

“These golden crops are quite in demand nowadays not only in the local market but also internationally,” he said.

He said while the potentials are great, the current supply is inadequate to support.

“We want to explore this opportunity by generating awareness so that productivity be enhanced in order to meet global requirements,” he said.

He said in partnership with various industry association, the Chamber keeps up with its commitment to support the development of agriculture sector of Mindanao.

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DATE 2013 is a venue that provides platform for discussion by focusing on the island’s golden crops.

It will also showcase available products and technology in the local market, matching of local market to the international market, address various socio-political issues affecting the agriculture sector, and showcase of best practices.

The three-day activity will also have technical seminars, networking night, agri-eco tours and a culinary competition which will bring together global and national speakers and specialists to provide essential ideas, best practices, and updates on agricultural standards, emerging markets and build business relationships among agriculture players.

Lim said Agriculture Secretary Proceso J. Alcala will present the “Golden Opportunities: Policies and Priority Programs in Cacao, Coconut, Coffee, Corn and Cassava.”

Other speakers include among others, Dr. Rene Rafael C. Espino of the College of Agriculture, UP Los Banos “Crop Diversification: The Key to Farming Success”; Nicholas K. Richard, Chief of Party, ACDI-VOCA “Global and Domestic Cacao Markets: Exploring Trends in Supply and Demand”; Pacita U. Juan, co-chairman/president, Philippine Coffee Board, Inc. “Overview on the Philippine Cofee Industry, davao/PAGE 21

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Early harvest bolster rice stocks: NFA

RICE farmers in the Visayas a nd M i nd a nao s t a r te d harvesting a month ahead of t he ha r ve st s e a s on, prompting the National Food Authority (NFA) intensify its palay buying program also earlier than usual. “ T h i s e a rly h a r ve s t is expected to boost the country’s rice stocks,” said NFA Administrator Orlan C a l ay a g , w ho ord e re d regional managers to boost palay procurement “capture a sizeable portion” of the harvest for buffer stocking.

As of Aug. 13, the national rice stock inventory reached 604, 762 metric tons.

H a r v e s t i n C e nt r a l Luzon, Southern Tagalog, Ilocos, and Cagayan Valley will commence as early as

September to November.

Prices of mi lled and unmilled rice increased around the second week of August, largely because of Storm Labuyo and the monsoon rains after the storm. Farmgate palay from August 14 to 20 fetched P18.09 per kilo, up 0.39 percent from a week earlier and by 5.42 percent from a year earlier, according to the Bureau of Agricultural statistics.

Well-milled rice fetched P36.09 per kg, up 1.55 percent from week earlier and by 8.57 percent from a Rice on retail sold for P37.78 per kg, up by 0.94 percent from a week earlier and by 5.68 percent from a year earlier.

Agriculture official cited in PDAF scam goes on leave The Agriculture off icial supposed ly i nvolved i n t r a n s fer r i ng mone y to b o g u s n o n g o v e r n m e nt orga n i z at ions a l leged ly established by businesswoman Janet Napoles Lim for the purpose of funneling Priority Development Assistance Fund (PDAF) of lawmakers in exchange for a fee took a leave of absence and prepare for his legal defense.

Agriculture Assistant S ecret a r y for Fisher ies Salvador Salacup filed a leave of absence before his boss, Agriculture Secretary Proceso Alcala, on Monday.

T he not ice took ef fec t Tuesday, and his duties will be farmed out to various Agriculture officials.

“I start my leave today,” Salacup told reporters in a

phone interview Tuesday.

“I’m prepa r i ng for t he charges, consulting with lawyers who have volunteered to help me.”

A GMA News Online repor t cited Sa lacup as a m on g t h e i nc u m b e nt officials connected with government-ow ned a nd cont rol led cor porat ions (GOCCs) accused of plunder or malversation, bribery and graft and corrupt practices.

Agriculture Secretary Proceso Alcala recommended that Salacup take an official leave of absence so he can prepare for the charges.

Salacup was president of state-run Zamboanga del Norte Rubber Estate Corp.

(ZREC) when PDAF money were being transferred to the bogus NGOs from 2008 to 2009. ZREC allegedly received around P230 million to P240 million from in pork barrel funds during those year.

In a Senate Blue Ribbon Committee hearing last month on the scandal that the media labeled as the “pork barrel scam,” Salacup said he had full trust in the endorsement letters from legislators on the transfer of their pork barrel funds to certain NGOs. As the letters were issued by the legislators or their authorized representatives, Salacup told the committee he had no reason to question the endorsement accompanied by documentary requirements. pdaf/PAGE 21

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Banking&Finance

The U.S. Capitol Building is seen on September 27, 2013 in Washington, D.C. The US government eventually shutdown after Congress failed to pass the proposed spending bill that defunds the Affordable Care Act. upi/kevin dietsch

Phisix ends flat after US gov’t shuts down PHILIPPINE shares failed to sustain an uptrend and erased early gains to close flat Tuesday after the White House ordered US government agencies to shut down.

The PSEi, which fell slightly below the 6,200mark, was still able to snap a five-day decline on bargain hunting.

The main PSEi index was slightly up by 6.04 points or 0.10 percent to 6,197.84 at the noon recess.

The broader all-shares index added 5.26 points or 0.14 percent to 3,763.49.

Ricky Liboro, director trader at BPI Securities Corp., said the market’s sideways close is a reaction from

Monday’s steep decline and the announcement that the US Congress did not meet the deadline to pass a budget.

“In the morning, certain stocks were up due to bargain hunting from because of yesterday’s steep drop,” Liboro said.

“But from the announcement that the US Congress did not meet the deadline, the market slowly went down in the afternoon session in reaction to the negative news.”

The United States lurched into a dreaded government shutdown early Tuesday for the first time in 17 years, triggering agency closures and hundreds of thousands of furloughs as Congress missed a deadline to pass a budget, Agence France-Presse reported.

Until the US budget crisis is resolved, Liboro said the local market will not be spared and is expected to trade sideways.

On the loca l bourse, nearly 1.53 billion shares valued at P7.88 billion were traded. Decliners outweighed advancers 84 to 57 while 41 stocks were unchanged.

THE Philippine Deposit I nsu ra nce C or porat ion (PDIC), the Receiver of the closed Rural Bank of Sto. Tomas (Davao del Norte), reminded borrowers of the bank to continue to pay their loans and transact only with authorized PDIC representatives.

In a statement, PDIC advised borrowers of the Rural Bank of Sto. Tomas to pay their loans and other obligations directly at any Philippine National Bank

(PNB) Branch under account name, PDIC FAO BURL – RUR AL BANK OF STO. TOM A S w it h Referenc e Number 373-0949-00013 .

The Receiver cautioned b o r r owe r s t h a t i t h a s discontinued the engagement of the bank’s collectors. PDIC has not engaged any person to collect the loans of the bank.

To e n s u r e p r o p e r record i ng of pay ment s made by b or rowers , it further advised borrowers

to keep copies of the PNB Deposit/Payment Slips. The Receiver emphasized that only payments with validated PNB Deposit/Payment Slips shall be considered valid payments.

The Monetary Board (MB) placed the Rural Bank of Sto. Tomas under the receivership of the PDIC by virtue of MB Resolution No. 1469 dated September 13, 2013.

As Receiver, PDIC took over the bank on September 16, pay/PAGE 21

Borrowers of closed Davao Norte bank urged to pay obligations

Foreign currency loans 90 pct of 2013 flat in second quarter gov’t budget released at end-July FOREIGN-currency denominated loans issued by banks were barely changed in the second quarter even with brisk business outlook, the Bangko Sentral ng Pilipinas reported Monday, citing higher repayments trimming gains.

In a statement, the central bank said outstanding Foreign Currency Deposit Units (FCDU) loan stood at $9.71 billion in the April to June period, up by 0.6 percent on a quarterly basis.

Bangko Sentral Governor Amando Tetangco Jr. said the growth in outstanding FCDU loans was largely on increased loan disbursements “due to the sustained positive business outlook.”

The increase in disbursements, however, was pared by loan repayments, he added.

An FCDU is a unit of a local bank or local branch of a foreign bank authorized by the central bank to engage in foreign currency transactions such as accepting deposits and lending in foreign currency. loans/PAGE 21

MANILA - Nine out of every 10 pesos of the government’s budget for 2013 has already been released in the first seven months of the year, the Department of Budget and Management (DBM) said today.

Data from DBM showed P1. 8 0 7 t r i l l ion of t h e P2 .0 06 -t ri l lion Genera l Appropriations Act of 2013 is ready for spending, if it hasn’t been spent already as budget/PAGE 21

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CINE EUROPA 16 @ The RODELSA HALL I n the latest edition of Cine Europa here in Cagayan de Oro, a critically-acclaimed Swiss f ilm will pave the way for the four-day f ilm festival at Liceo U’s Rodelsa Hall.

“Operation Liber tad” by f ilmmaker Nicolas Wadimoff tells a f ictional stor y about the destiny of young Swiss revolutionaries in the lates 1970’s. This f ilm caught the attention of inter national critics and has landed a spot as one of the featured f ilms in the Director’s For tnight at the 65th Cannes Inter national Film Festival in France.

As stated in www. swissinfo.ch, the f ilm revolves around a revolutionar y group that tries

to uncover a 1970’s money laundering operation by a South American dictator in a Swiss bank.

This mock documentar y has received favorable reviews from f ilm buffs and movie critics.

Gracing the off icial opening of the 16th Cine Europa in Cagayan de Oro is no less than the Head of Delegation of the European Union to the Philippines Ambassador Guy Ledoux.

Other dignitaries from the EU member countries are also expected to grace the Cagayan de Oro leg.

This is the f ifth year in a row that the Delegation of the European Union to the

Philippines par tners with Liceo de Cagayan University in showcasing award-winning f ilms from Europe.

Aside from Switzerland’s entr y to the festival, 20 other f ilms from 16 countries will be screened for free at the Rodelsa Hall from October 10 until October 13.

The festival will then visit Davao City on October 15-20.

To know more about this exciting cinematic fare, please feel free to call the Off ice of Cultural Affairs of Liceo de Cagayan Universit y at (088) 8584093 to 95 local 109 or text/call: +63917 636 6528 and look for Mr. Owen Jaen or Mr. Sheldon Frias.

See you at Rodelsa Hall!

wednesday | October 2, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

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Mindanao Daily 19 NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

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

COCA-COLA provides P1M worth of WILKINS WATER for Disaster Relief MANILA — Coca-Cola Philippines recently signed an agreement with the Philippine Red Cross to provide P1million worth of Wilkins Distilled Drinking Water for typhoon and disaster victims.

A total of 5,022 cases of Wilkins Distilled Drinking Water 6-liter bottles were turned over. While part of the donation has been utilized for residents in currently affected areas such as Metro Manila, Rizal, Laguna, Pampanga, Pangasinan and Cavite, the donation is primarily for future disaster relief efforts of the Philippine Red Cross.

“This is part of Coca-Cola Philippines' efforts to provide support to affected communities and particularly to empower the Philippine Red Cross to have a ready supply of water for future disaster relief operations,” said Atty. Adel Tamano, Vice President for Public Affairs and Communication, CocaCola, Philippines. “We salute organizations such as the Philippine Red Cross, whose members

are committed to saving lives, especially during the typhoon season.”

Coca-Cola Philippines has been a long-standing partner of the Red Cross in its various programs for disaster relief, blood donation, and basic life support training.

Earlier this year, the beverage company supported the Red Cross Million Volunteer Run in a bid to raise funds for new life-saving equipment, encourage community service, and promote active and healthy living.

Globally, The Coca-Cola Company and the International Federation of Red Cross and Red Crescent Societies (IFRC) also have a partnership to enhance their collaboration on disaster preparedness and response in 50 countries around the world.

For information on how to assist in relief efforts, interested volunteers may contact the Philippine Red Cross through their hotline: 143 or trunkline 527-0000 or email volunteer@redcross.org.ph.

Guillermo Aponte, President and General Manager of Coca-Cola Philippines (left), turns over a bottle of Wilkins water to Gwendolyn Pang (right), Red Cross Secretary General, to symbolize a recently concluded agreement for Coca-Cola to provide P1M worth of Wilkins water to Red Cross for disaster relief.

Ride the Philippine’s Bull Run with Personal Financial Planning T he Philippines is one of the brightest spots in the booming Asian economy. However, while the growing economy is fraught with great opportunities, it is likewise pitted with money traps which can snare many of the unwary and either sidetrack or derail them from their life goals.

Billions of pesos have been lost in infamous scams like the recent Aman Futures investment hoax which gypped some 15,000 investors of P12-billion through its pyramiding operations in Pagadian City despite repeated warnings from government regulators like the Securities and Exchange Commission (SEC) and the Bangko Sentral ng Pilipinas (BSP).

Closer to home, investors in Tamparan and Marawi City, Lanao del Sur, and Iligan City lost an estimated P1.13billion in the ponzi scheme of Jachob Coco Rasuman.

Write Consult Consultancy Services is a private sector initiative aimed at supporting the BSP’s Economic and Financial Learning Center f lagship program which aims to promote greater awareness and

understanding of essential economic and financial issues to help the public acquire the knowledge and develop skills needed to make well-informed economic and financial decisions and choices BSP-EFLC director Zeno Ronald Abenoja said a salient component of the program is the Financial Empowerment Course aimed at students and workers which presents the importance of financial education, the Philippine financial system, basics of budgeting, saving, investing and borrowing, financial planning for life-cycle events, and credit card awareness.

Financial education expo is a continuing program of the BSPEFLC that aims to promote greater public awareness and understanding of key economic and financial issues to ensure that a greater segment of the population is able to make informed decisions that would bolster government’s effort to increase the public’s participation in the growth of their respective localities.

“Personal Financial Planning gives you the tools to map out your

future in our growing economy,” said Mr. Roderick T. Enriquez, a foreign trained banking executive of one of the country’s top five banks. “You can be your own Personal Financial Expert and Advisor by outlining and strategizing your life and career through knowledgeable management of your financial resources.”

Mr. Enriquez is one the resource speakers for Write Consult’s Personal Financial Planning Workshop set for Saturday, October 12, 2013 at the Seda Centrio from 8:30am-5:00pm.

He is one of the country’s top banking professionals with a sterling record of over 20 years in five of the country’s Top 5 banks who was graduated with distinction from top universities in Japan and Hawaii “At the end of our seminar workshop, you would have gained the working perspective you need to analyze and discuss all aspects of your Personal Financial Plan,” he noted. “This seminar workshop is aimed at fulfilling your need for personal financial planning to avoid pitfalls which have derailed promising careers as well as align your life

goals with your personal financial resources.”

The one-day seminar-workshop will explain how the personal financial planning process works, analyze a family’s financial fitness, identify and prioritize a family’s life goals, identify issues that can deter them from attaining their financial goals, understand and comprehend the various financial products and investment instruments that are available to help them attain their long-term goals, and how to craft a Personal Financial Plan.

The other resource speaker for the one-day workshop is Mr. Rolando A. Robles, R.F.P, a Registered Financial Planner with over 30 years experience in the country’s top insurance and asset management companies .

Discounts for couples and groups of five or more are available. Early bird discount are also available for those who register on or before Saturday, 05 October 2013. For further queries or reservations, please contact mobile #s 0917-7148484/0999-998-4980 or email write. consult74@gmail.com.

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20 Mindanao Daily NEWS

Sci-Tech

northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

Editor : Cheng Ordoñez, E-mail: cheng.ordonez@gmail.com

wednesday | October 2, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Tablet adoption in PH gets boost from affordable plans, devices MANILA -- As telcos and device manufacturers offer tablet products and plans at a price point affordable to most Filipinos, tablet adoption is seen to skyrocket in the coming years and could even surpass shipments of PCs worldwide, a recent study concluded.

According to the Quarterly Smart Connected Device Tracker for the fourth quarter of 2013 released by research firm IDC last week, robust growth in the tablet and smartphone segment will edge out PC shipments for the latter part of the year, highlighting a growing shift in consumer preferences.

But with the nearing saturation of the smartphone and tablet markets, t he headroom for growth shrinks

considerably. IDC, however, said the introduction of devices at affordable price points will become a “gamechanger” in markets around the world, and would further boost adoption.

“Introducing new handsets and tablet devices at cheaper price points along with special initiatives … will accelerate the upgrade c yc l e a nd e x p a nd t h e total addressable market overnight,” Megha Saini,

Research Analyst with IDC’s Worldwide Quarterly Smart Connected Device Tracker, said in a press release.

With the uptake of tablets seeing no signs of slowing down, IDC predicts that in two years’ time, tablets will outship both the desktop and notebook PCs combined. In fact, the research firm had already lowered its outlook for the PC industry by 10% for the entire 2013.

IDC added that it expects the lower-cost devices to drive interest worldwide and help to spark adoption among f irst-time buyers in commercial sectors like education, and in emerging

Russia launches first proton Cassini spacecraft finds plastic rocket after July failure ingredient on Saturn moon MOSCOW – A Proton-M ca rrier rocket w it h a European telecoms satellite lifted off from the Baikonur space center in Kazakhstan on Monday, the first time since the launch failure in July, the Russian space agency said.

The suspension of Proton launches was ordered in July after a Proton-M rocket carr ying three satellites for the Glonass positioning system, Russia’s answer to the GPS, crashed in a ball of f lames, seconds after blasting off. The reason for the accident was that three sensors in the rocket had been installed upside down, an investigation revealed.

Monday’s launch of the Proton-M carrying the Astra 2E telecoms satellite was initially scheduled to take place on September 12, but

Russia’s PROTON-M rocket that failed last July.

was postponed indefinitely due to a glitch in its first stage.

“The Proton blastoff took place in a standard regime and as scheduled – at 1:38 Moscow time. The separation of the spacecraft from the Briz-M booster is expected to take place at 10:50 Moscow time [6:50 a.m. GMT],” a

spokesman for the Russian space agency Roscosmos said.

The July incident was the latest in a series of setbacks for Russia’s space program, which has been blighted by the loss of rockets and satellites, as well as a large corruption scandal around the Glonass program.(PNA/ RIA Novosti)

WASHI NGTON -- U. S. space agency NASA said Monday its Cassini spacecraft has detected propylene, a chemica l used to ma ke food-storage containers, car bumpers and other consumer products, on Saturn’s moon Titan.

Cassini identified a small amount of propylene in Titan’s lower atmosphere, marking “the first definitive detection of t he plastic ingredient” on any moon or planet, other than Earth, NASA researchers said in the journal Astrophysical Journal Letters.

“This chemica l is a ll around us in everyday life, strung toget her in long chains to form a plastic called polypropylene,” lead author Conor Nixon, a planetary scientist at NASA’s Goddard

Space Flight Center, said in a statement. “That plastic container at the grocery store with the recycling code 5 on the bottom -- that’s polypropylene.”

The researchers said they identified the chemical using Cassini’s Composite Infrared Spectrometer (CIRS), an instrument that measures

the infrared light, or heat radiation, emitted from Saturn and its moons in much the same way our hands feel the warmth of a fire.

The discovery fills in a mysterious gap in Titan obser vations during the Voyager 1 spacecraft’s close flyby of this moon in 1980, plastic/PAGE 21

Northern Mindanao stakeholders draft strategies for biodiversity CAGAYAN DE ORO CITY -- “At the latest, by 2020, biodiversity (biological diversity) values (shall) have been integrated into national and local development and poverty reduction strategies and planning processes and are being incorporated into national accounting, as appropriate, and reporting system.”

This is one of the targets that stakeholders in Northern Mindanao, during a workshop conducted by the Dept. of Environment and Natural Resources, focused on.

They also crafted strategies to address the state of biodiversity in this part of the island.

The workshop was in consonance with the Philippines’ involvement in the Convention on Biological Diversity, in 2010 in Nagoya, Japan, which adopted a 10 year strategic plan, and outlined achievable targets better known as the Aichi Biodiversity Targets.

The strategic plan is to inspire broad-based action in support of biodiversity in the next decade by all countries and stakeholders to mitigate the continuing biodiversity loss, particularly in the country, in exchange of progress.

The output of the workshop is expected to validate inputs, information, and recommendations based on regional and local context, realities and observed trends for the country’s own biodiversity strategy and action plan.

Norma Molinyawe, officer in-charge of the Biodiversity and Management Division, Protected Areas and Wildlife Bureau, pointed out during the workshop, the issues

confronting the ecosystem with regard to economic development.

She cited, for instance, the importance of forest cover where if undisturbed a dipterocarp forest intercept at least 35 percent of rainfall and a logged over forest intercepts only less that 20 percent and a tree plantation only about 12 percent.

A preserved forest of three million hectares contains 307 million tons of carbon and can sequester 4.1 million tons per year.

Second growth production forest with the same area contains 253 million tons of carbon but losses one million tons a year, while tree plantations and agro-forestry farms can contain 20 tons and sequester only two tons a year.

If fully functional, the country’s watersheds and aquifers could supply 146 billion cubic meters of water annually for domestic, agricultural and industrial uses.

She pointed out that the Philippines ranks second among the 16 ‘extreme risk countries in the world’ identified as vulnerable to climate change.

The 2005 World Bank Study reported that the Philippines vulnerability to natural hazards cost an average P15 billion annually or more than 0.5 percent of the gross domestic product, in direct damage.

DENR also said that Philippine mangroves can income more than US$ 500 per hectare a year.

“Fish is a second most important staple food of Filipinos.

Every square kilometer of coral reefs can supply up to 35

tons of edible and economically important fish per year,” the DENR said.

The record shows that between 2004 and 2010, agricultural and fisheries sector exports rose from $ 2.5 to 4.1 billion.

The country’s top agricultural exports, in terms of value are coconut oil, fresh bananas, tuna, pineapple, tobacco, and seaweeds.

Some of the gains that the DENR cited are the provisional services a country like the Philippines is bound to lose if the ecosystem will be taken for granted due to the absence of sustainable development strategy where biodiversity concerns are at the forefront. (PNA)

C AG AYA N D E O RO M A I N B R A N C H P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CO R R A L ES B R A N C H Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 L A PA SA N B R A N C H Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

Mindanao Daily 21 NEWS

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PHL... from page 14

The first webinar was conducted in August and eight more are pla nned before March, which would cover topics including retail, starting a business in the Philippines as well as the education sector, explained Mansfield.

“We want to attract British companies to export, do business or invest in the Philippines,” Mansfield said.

Ma nsf ield s a id it is difficult for some companies in the UK to come to the Ph i l ippi ne s , henc e t he webinar is being used by the British Embassy as a tool to market the country. — GMA News

ARMM... from page 14

underscored the importance of reliable baseline figures i n add ressi ng t he h ig h poverty incidence and other dismal human development indicators in the region.

Data released by t he Nat iona l St at i s t ic s Coordination Board (NSCB), ARMM revealed a staggering 46.9 percent poverty incidence for the period of 2009-2012.

“Statistics matter when it is used to plan out policies a nd progra ms t hat w i l l address the needs of the people,” Lucman said.

Consistent with the theme, “Statistics that matter to every Filipino”, the National Statistics Office envisions a statistical system that is proactive, responsive and reliable. (PNA)

BIR...

from page 15

Upon the BIR chief ’s recommendation, t he Secretary of Finance issued Revenue Regulations (RR) No. 17-99 dated December 16, 1999 increasing by 12 percent the excise tax on, among others, cigars and cigarettes packed by machines by January 1, 2000.

The RR provides the new specific tax rate for existing brands of cigars, such that cigarettes packed by machine shall be slapped an excise tax no lower than what was paid before January 1, 2000.

F o r t u n e To b a c c o questioned the rules and sought a refund of overpaid excise tax covering the period from January 1, 2002 to December 31, 2002.

Farm... from page 15

He added that the project will be applied under the government’s feed-in tariff pro g r a m , u nd e r w h ic h the developer can sell the elect ricit y generated by the project at a fixed rate of P8.53 per kilowatt-hour for a period of 20 years.

First Maxpower President Fra ncis A. Paderna had said in March that the company had a lready secured the environmental compliance certif icate and other clea ra nces f rom loca l government agencies for

its wind power project.

2015 COM M ERCI A L START M r. Pa der n a s a id commercial operation of t he projec t -- wh ich i s est i mated to cost about $122 million -- is targeted by the second half of 2015.

Fi r s t M a x p owe r, according to its Web site, is a local company established in 2009 to engage in power generat ion, pa r t icu la rly f rom rene w able energ y resources.

The company has two other proposed w ind projects in t he municipalities of Sanchez Mira and Claveria, both located in Cagayan province.

Besides First Maxpower, t he Energ y depa r t ment had already issued certificates to five other companies confirming the commerciality of their wind projects.

These compa nies are Energy Development Corp. for its 87-MW project in Bu rgos, I locos Nor te; A lternerg y Wind One C or p. for it s 67. 5 -M W project in Pililla, R iza l; Trans-Asia Oil and Energy Development Corp. for its 54-MW project in Guimaras Isla nd; Pet roEnerg y Resou rces C or p. for it s 50-MW project in Nabas, Aklan; and Northern Luzon UPC Asia Corp. for its 81MW project in Pagudpud, Ilocos Norte.

Davao... from page 16

Market and World Demand”; Milo delos Reyes, head of Nationa l Corn Program Secretariat, Department of Agriculture “White Corn P r o du c t i o n : O n e S t e p towards Rice Sufficiency”; Emma S. Data, professor and designated head URC, Visayas State University “Phi lippine Nat iona l Standard for Sweet Cassava”; Charles Avila, president, Nat iona l Confederat ion of Coconut Farmers Organization “Development and Strengthening of Coconut Industry: Coconutization of Mindanao (Mandated Pla nning, Fer t i lizat ion, Processing)”.

T his yea r’s t heme is “Empowering the Farmer: Engage, Enable, Excite.”

(PNA)

PDAF... from page 16

He said the NGOs were registered with the Securities and Exchange Commission, and were also backed by documents from the Bureau of Internal Revenue, mayor’s permits a nd cer t if ied financial statements.

He said he didn’t have any inkling as to the real nature of the bogus NGOs. “We will just have to see how the Ombudsman will respond to this,” the Agriculture official said.

“I was president of that corporation for seven years but the PDAF happened between 2008 to 2009,” he added. – GMA News

northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

Pay...

from page 17

2013. Upon takeover, all bank records are gathered, verified and validated.

Rural Bank of Sto. Tomas is a three-unit bank with Head Office located along R. Magsaysay Ave., Sto. Tomas, Davao del Norte. Its two branches are in Asuncion and Braulio Dujali, both in Davao del Norte. According to the latest Bank Information Sheet (BIS) as of June 30, 2013 filed by the Rural Bank of Sto. Tomas with the PDIC, the bank is majority-owned by the Estate of Mariano S. Solis, Sr. (22.6%), Rosele R. Solis (17.9%), Oscar L. Lacuesta (7.8%), Ma. Lourdes S. Pineda (6.7%), Debin Uraya (4.1%), Abundio T. Merced (3.9%) and Marsman Estate Plantation (3.8%). Its President and Chairman is Rosele R. Solis.

Borrowers of the bank may also communicate with the PDIC–Loans Management Department III at (02) 8414663 or 841-4975. Queries may also be sent through email at pad@pdic.gov.ph.

(PNA)

Loans... from page 17

Specifically, more than half of the borrowings or 62.3 percent were made up of loans payable for more than one year.

T he rem a i n i n g 37.7 percent covered short-term maturities or those with tenors less than a year. This was almost the same mix as of the previous quarter.

Local firms have again accounted for the bulk or 81.8 percent of total loans extended by FCDU units. The rest were lent to foreigners.

The Bangko Sentral said major loan releases during the period were given to utility firms (23 percent), manufacturers including oil companies (17.3 percent), and exporters (12.1 percent).

Budget... from page 17

of end-July.

“Budget execution has indeed been frontloaded this year with growth in allotment releases recorded at 23.2 percent as of July (from P1,467 trillion in 2012), higher than growth in the obligation program of 10.5 percent,” the department said.

Ninety-six percent of the amount released -- or P926.7 billion -- was released to the different government departments.

The remaining amount was divided among special purpose funds at P153.7 billion, automatic appropriations at P691.3 billion and other releases at P35.3 billion.

Among the programs that benefited from the early release include the following: • R e s e t t l e m e n t Program; • Emergency Housing Assistance for Ca lamity Victims Program; • Housing Program for the Armed Force of the

Ph i l ippi nes , Ph i l ippi ne National Police, Bureau of Fire Protection, Bureau of Jail Management and Penology, and Bureau of Corrections; • Hea lt h Faci lities Enhancement Program; • 2012 Performancebased bonus; • Terminal leave and retirement gratuity; • Creat ion of new positions for the Department of Education; • Special shares of local government units in proceeds of national taxes; and • PNP Modernization Program. interaksyon.com

Plastic...

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Kimberlite Pawnshop will be having an AUCTION SALE on all items that expired on August 2013

from page 20

NASA said. At that time, Voyager identified many of the gases in Titan’s hazy brownish atmosphere as hydrocarbons, the chemicals t hat primarily ma ke up petroleum and other fossil fuels on Earth.

The resea rchers sa id hyd ro c a rb on s for m on Titan after sunlight breaks apart methane, the secondmost plentiful gas in that atmosphere. The newly freed fragments can link up to form chains with two, three or more carbons. The twocarbon family includes the flammable gas ethane, while propane, a common fuel for portable stoves, belongs to the three-carbon family.

Voyager detected a l l members of the one- and t wo-ca rbon fa m i l ies i n Titan’s atmosphere. From the three-carbon family, the spacecraft found propane, the heaviest member, and propyne, one of the lightest members. But the middle chemicals, one of which is propylene, were missing.

As researchers continued t o d i s c ove r m or e a n d more chemicals in Titan’s atmosphere using groundand space-based instruments, propylene was one t hat remained elusive. Cassini’s mass spectrometer, a device that looks at the composition of Titan’s atmosphere, had hinted earlier that propylene might be present in the upper atmosphere. However, the researchers were unable to make a definitive declaration based on spectrometry data.

“This measurement was very difficult to make because propylene’ s weak signature is crowded by related chemicals with much stronger signals,” said Michael Flasar, Goddard sc ient ist a nd pr i nc ipa l investigator for CIRS. “This success boosts our confidence that we will find still more chemicals long hidden in Titan’s atmosphere.” (PNA/ Xinhua)

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Fun Page

22 Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

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

wednesday | October 2, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Fabregas: We all have to step up Cesc Fabregas has challenged his Barcelona team-mates to prove they can thrive without Lionel Messi when they face Celtic in the UEFA Champions League on Tuesday.

Argentina forward Messi injured his thigh in the 2-0 win over Almeria on Saturday and will miss the Group H clash against the Scottish champions as a result.

Former Arsenal midfielder Fabregas acknowledged losing the player widely recognised as the best in the world was a significant blow, but he is adamant a club of Barça’s stature should be able to cope with his absence.

“It is a test because we always want him in our team,” Fabregas said on Monday.

“Obviously Lionel is the best player in the world, I don’t even have to say that, and you obviously will miss a player of his talent and dedication.

“We rely on him a lot. He is the best player, the one that scores more goals, the one that does the attacking tasks. He is always there for us, he gives assists, he is the best. He can win a game at any moment so we are sad for that but you cannot feel sorry for yourselves because you are missing a great player.

“Without Messi we will have to take more responsibility. I think we all have to step up and make sure that we don’t feel his absence, and show we can play great football without him.

“When he is not there we have to adapt the situation and players like Neymar, myself if I play, Alexis Sanchez, Cristian Tello, Pedro Rodriguez; we have to step up and do the job that a striker is made for which is scoring goals and giving assists.”

Martino marks Messi abscence Barcelona coach Gerardo Martino also

clifford’s

Daily HOROSCOPE AQUARIUS (January 20 – February 18) -You need to deal with someone who’s not being very straightforward with you -- but that just means it’s time for a compromise! Somehow, you and this other person can come to a mutually beneficial arrangement.

PISCES (February 19 – March 20) - You need to focus on your health today -- even if you feel fine. In fact, you may be better off handling long-term issues if you feel great, so get it together and find a way to embrace wellness.

ARIES (March 21 – April 19) - Your sweeter, more romantic side is on display today -- so make the most of it and ask someone out on a date! You may find that your energy is perfect for new people, or perhaps just that one special someone.

TAURUS (April 20 – May 20) - You and a friend or colleague are butting heads today -- which isn’t much fun for anyone! That could just mean that you all need to settle down. On the other jamd, they may take the advantage of you. It’s a tough call!

GEMINI (May 21 – June 21) - Your mental energy is terrific right now -- so you should be able to power through all sorts of awesome, brainy projects. You may have a few great ideas that can really take you places.

CANCER (June 22 – July 22) - Live large -- why not? Your energy may be fading, but you can still enjoy the day as it presents itself to you.

Take on bigger and better people and plans until you’re living the life you really want.

insisted the absence of Messi will not be used as an excuse should his side lose in Glasgow.

“Messi is the best player in the world but we have a great team and his absence cannot be an excuse if we don’t get a good result tomorrow night,” Martino said. And Fabregas believes 21-year-old Brazilian striker Neymar could be the one Barcelona player capable of one day reaching the levels of Messi.

“He is a very talented player, very quick and has the skills to get away from you easily,” the Spanish international said. “He is already a star but this boy will have a lot to say in the future of football. It is up to him. Everything is in his hands.

“He came here to learn, to compete, to fight, to grow up as a player and a person.

He is still a boy and in the future we will be talking about him as one of the greatest.” fifa.com

Mindanao Daily News’

-MovieWatch-

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CIRCLE A WORD be happy

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The big screen documentary movie The Summit tells the story of the deadliest day on the world’s most dangerous m o u n t a i n , w h e n 11 climbers mysteriously perished on K2.

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THE SUMMIT release date : october

4, 2013

SUDOKU How to play the game?

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

of the same digit.

Yesterday’s Answer

LEO (July 23 – August 22) - You’re achieving greatness today -- like it or not! Your amazing personal energy is pushing you in a bold new direction, and you are sure to find that things are starting to go your way.

VIRGO (August 23 – September 22) - You’ve got to remain flexible today -- otherwise, circumstances are sure to get overwhelming. You may find that your energy is a bit diffuse, but if you keep your eyes open, it’ll all work out.

LIBRA (September 23 – October 22) - Your friends make life even sweeter for you today, so make sure that you’re giving them some love in return.

It’s a good time to check in with people you haven’t heard from in a while.

SCORPIO (October 23 – November 21) - You are feeling somewhat more challenged than usual today -- but there’s nothing wrong with that! In fact, you thrive on this sensation and may find that you surpass all expectations.

SAGITTARIUS (November 22 – December 21) You should be traveling! If you can’t because of work or family obligations, then just make plans -- your terrific energy is just right for taking the next step. Things should be ready for you soon.

CAPRICORN (December 22 – January 19) - You should be traveling! If you can’t because of work or family obligations, then just make plans -- your terrific energy is just right for taking the next step. Things should be ready for you soon.

Amazing Facts!

Did you KNOW?? ..

Ball lightning can sometimes float through a glass window without breaking it; other times the glass is smashed to pieces!

CROSSWORD puzzle across 2. Fissure 9. Gregorian month 11. Mediterranean country 13. Marshland grass 14. _Globetrotters 15. Grassland 16. Cougar 17. Greek letter 18. Objective case of they 20. Enormous 22. Work with others 24. Lively 25. _Descartes 27. _valorem 28. High-strung 30. _Vegas 32. Pranks 34. _and needles 35. Wipe away

3 6. Sphere of struggle 37. Vehicle-dispatching person DOWN 1. _ Caparas 2. Almighty God 3. Disencumber 4. _ Shaddai 5. Muslim priest 6. Company of travelers 7. Pipe elbow 8. Entire range 10. Urinate 12. Nervous 14. Arm bone 16. Energy 19. Most intense 21. Workshop 22. Coniferous tree

23. Soak flax 24. Steps 26. Literary composition 29. Length x width 31. Judy_Santos 33. Faux_ 34. Before (prefix)

Yesterday’s Answer

Mindanao Daily 23 NEWS

wednesday | October 2, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Projects... from page 13

Of the 770 subprojects in Region 12, 694 have been completed worth P242.5 million, she said.

“Our accomplishment only speaks up how our MRDP personnel devoted their time and efforts in ensuring that our project beneficiaries do their part in disbursing the funds given to them,” Datukan said.

Next to Region 12, Caraga region posted a total of 527 completed subprojects out of 686; Northern Mindanao with 516 out of 775; Davao Region w it h 398 out of 560; Zamboanga Peninsula with 301 out of 506; and the Autonomous Region in Muslim Mindanao with 295 out of 483, according to the statement.

In terms of the CPAD budget, Northern Mindanao and Caraga have accessed P250 million each, P202.5 m i l l ion for t he D av ao Region, P192.5 million for ARMM and P127.5 million for Zamboanga Peninsula, it added.

CFAD applies the demanddriven approach where the farmer-beneficiaries plan, decide, procure, implement and manage their livelihood activities, the statement said.

Lealyn Ramos, MRDP prog r a m d i rec tor, s a id t heir respect ive loca l government units endorsed the beneficiaries.

Currently, 549 subprojects worth P234.8 million are ongoing and 500 subprojects worth P168.7 million are up for implementation in the different parts of the island, the statement said.

The other components of MRDP include Investments for Governance Reforms and Program Administration, Rural Infrastructure a nd Nat u r a l R e s ou rc e Management.

Upbeat... from page 13

w i l l preva i l w it h more people favoring peace and economic stability, after seeing the effects of the crisis in Zamboanga.

DCCCII was the lead organizer of the recently concluded 22nd Mindanao Business Conference (MinBizCon) held in August this year, which gathered the region’s business chambers and convened more than 800 key business players from across Mindanao.

“Bu s i ne s s c h a mb e r s should be vocal against and must not be cowed by acts of terrorism, Lim said while adding “chambers must be more upfront in condemning these acts, and express full suppor t to ot her cit ies whenever similar incidents happen.”

Efren Uy, president of the Cagayan de Oro Chamber of Commerce and Industry (CDOCI) said “Mindanao’s economy will take a rebound from the crisis with members of the region’s chambers working as one powerful force.”

“As long as members

of the chambers and the private sector will seriously commit for the continuous promotion of Mindanao and its investment attractions, we will surmount this crisis,” he added.

D C C C I I ’s L i m a l s o applauded the Philippine government for its successful handling of the Zamboanga incident and admired its deliberate intent to solve the crisis with a lesser number of casualties among civilians.

“I commend the government in handling t he c r i si s i n t he mos t humane manner that may have required them a longer time to solve, but ensured the safety of the most number of civilians,” he said.

R icardo Juliano, vice president of the Philippine Chamber of Commerce and Industry (PCCI) supported Lim’s assessment of t he handling of the crisis and said that the siege was managed decisively.

“I a m g lad t hat t he government didn’t give a ‘free pass’ to the rebels similar to what happened during the Kabatangan hostage-taking incident in 2001, also in Zamboanga City,” he added.

Rodolfo Menes, regional governor of PCCI Northern Mindanao said the PCCI and local chambers are now focusing on invest ment promotion initiatives towards a peaceful Mindanao.

“We will collaborate with the Aquino government in ensuring that what we have gained for the past years will not all be lost because of this incident,” he added.

Raymund Salangsang, president of the General Santos City Chamber of Commerce and Industry Inc. (GSCCCII) calls for Mindanawons to pursue the quest for peace in order for Mindanao for fully achieve its economic potentials.

“We must be serious about the peace process and secure lasting and sustainable peace in the region for us to move forward and secure our economic gains,” he added.

The GSCCI will be hosting next year’s MinBizCon, which promises to also showcase the vast business potentials and opportunities in Mindanao, particularly the Socsksargen Region.

“As for our part, we will continue to deepen our engagement and development efforts for the best interest of our city and region, as we push for a more peaceful Mindanao,” he said.

Mindanao Development Authority Chair Luwalhati Antonino said that focus r ig ht now w i l l move towards rehabilitation and reconstruction of damaged communities in Zamboanga City.

She added that MinDA is looking at the larger picture in pushing for long-range development in the area, which just last year posted the highest economic growth rate among 17 regions in the country.

Based on earlier reports, the city suffered an estimated econom ic d a i ly loss of

northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

P331.37 million pesos due to the crisis that also resulted to damages that cover total or partial destruction of physical assets existing in the affected area. (PNA)

NGCP...

from page 13 equipment from damage in case of overloading.

“The transmission line is expected to be completed in the first quarter of 2014 while the substation expansion is scheduled to be finished

by November 2014,” NGCP said, adding the project has a regulator-approved budget of P623.5 million.

The f irm added t hat construction of the project began in October last year.

NGCP is a private firm that has been operating, maintaining and developing the country’s transmission net work si nce 20 09. It a c q u i r e d t h e 2 5 -y e a r concession of Nat iona l Tr a nsm i s sion C or p. i n an auction by the Power Sector Assets and Liabilities Management Corp. in 2008.

Gensets... from page 13

the transmission capacity w h i le m a i nt a i n i ng t he reliable operation of the grid system.

Ancillary services are needed to reg u late t he frequency of transmitted

electricity to avoid f luctuations and help the system adapt to sudden loss of power supply to prevent the occurrence of massive blackouts.

The rate per kilowatthour for the type of ancillary services varies.

It also provides assistance to back-up generating plants to recover from a shutdown and temporarily augment the lack of supply in the system, thereby normalizing the system during a power loss.

Pe t i l l a s a id a r ou n d eight electric cooperatives in Mindanao with a total capacity requirement of 51 megawatts had expressed interest to lease or acquire the gensets from NEA. Pet i l la sa id some electric cooperatives opted not to participate in the g ove r n m e nt ’s m o du l a r genset program, saying they would have enough capacity following the implementation of the Interim Mindanao Electricity Market on Sept.

26.

The energy chief said electric cooperatives were not obligated to buy power from IMEM and vice versa if they had enough capacity.

“Why would I want you to run [gensets] if you have a cheaper option in the IMEM. This is complementar y,” Petilla said.

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24 Mindanao Daily NEWS

wednesday | October 2, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

EDITOR: Shaun Uy , e-mail: shaun_alejandrae_uy@yahoo.com

Meet SJP’S Glam Team for The SM STORE

S

he came, she saw, she conquered the hearts of many Filipinos with her effortless elegance, sparkling wit, and charming candor.

Hol ly wo o d a -l i s t e r a n d fashion icon Sarah Jessica Parker's recent visit to Manila in time for the SM Au ra op e n i ng ke pt t he Met ro abuzz for weeks - resulting in a launch so unforgettable and impactf ul, it will be remembered for years to come.

Given the relative secrecy preceding her arrival, top management and a small team within the SM Retail group worked quickly and quietly to make arrangements for the campaign's advertising, event, and publicity requirements.

Wo r k i n g w i t h o u t m u c h fanfare, they were rather amused and appalled at how others brazenly hitched into the SJP bandwagon and made outrageous claims, much of it in social media.

During her brief stay in Manila, SJP spent a full day working on the SM Store's Love to Shop campaign, which broke out recently in print and broadcast. Befitting her fashion icon status, SJP's look for the campaign was pulled together by a glam team she brought along with her.

Here are some behind t he sc e ne h ig h l ig ht s on how photographer Daniela Federici, stylist Tracy Cox, hairstylist Andy Le Compte, and make-up artist Leslie

Lopez worked together to come up with SJP's Love to Shop look for the SM Store.

"Sarah's enthusiasm for clothes is fun and playful," New York based international photographer Daniela Federici takes about her inspiration for SM's Love to Shop campaign.

"The idea was to maintain a spontaneous feel that was never posey or stiff."

She adds that, "the layouts kept evolving from a full set to something as simple as a plain background."

Daniela, who has worked w it h Sa r a h on p r ev iou s projects, describes SJP as "a professional with a very kind and amicable personality. She is effervescent and extremely clever, which makes her a delightf ul subject. Sarah is always up a nd happy and warm and gracious to everyone."

As such, Daniela always looks forward to working w i t h S J P b e c a u s e "s h e takes directions easily. We worked together before, so we have a mutual respect and appreciation."

Daniela says that working in Manila ' was a wonderful experience for myself and my production team. Our first task was to find a shoot location that benefitted the scale of the shoot we were about to undertake."

It was, she adds, more than a shoot set . . . it was an event.

I am fortunate that my team from Nomad media Industries

led by my Asia producer Guy Venables has local experience, so we were able to work well with the local production and equipment company."

Tracey L. Cox is a New York Cit y based fash ion designer, multimedia artists, a nd exclu sive wa rd r ob e consultant best known for his collaboartion with fashion icon Sarah Jessica Parker, which began in 2003 on the set of Sex and the City Season 6.

He has known SJP as a "style chameleon, and have seen her ability to adjust to most situations gracefully.

She is the same with clothing and fashion. Her looks and attitude enhance accordingly to each event."

K now n for kee pi ng a bionic ear to the st reets, high art, and high fashion, Tracy makes sure that style wise, SJP stays ahead of the curve while making her style accessible to a lot of women.

"My occupation is to create epic compositions," he says.

"SJP's looks inspire women to take risks and be bold."

In styling her look for the SM Store's Love to Shop campaign, Tracy highlighted “classic. These are silhouettes you'd find in your local mall accented with bold accessories and shoes for editorial appeal, in a way that women or young girls would desire and could obtain."

As t he St yle Awa rd's Hairstylist of the Year 2012, Andy Le Compte's work has

“SJP is effervescent and extremely clever, which makes her a delightful subject,” says New York based international photographer Daniela Federici which makes it easy for her to capture Sarah beautifully on camera. appeared on the covers of inter nationally renowned publications including Vogue, Ha r per's Ba za a r, Va n it y Fair, Rolling Stone, and W. Vogue.com has named his eponymous LA salon one of the city's "most appointmentwor thy- and celeb-heav y beauty spots."

H is st yle se c r et s for working with stars like SJP? "I often spend time working and studying images of them to see what looks are the most f lattering, and what may not work." Andy shares with us. "I also watch a lot of old movies and study hair styles so I have lots of ideas and references. This helps com mu n icat i ng w it h my clients and understanding their style."

A n d y ' s t i p s o n h ow Fi l ipi n a s ca n ch a n nel Holly wood glamou r?

"Maintaining your hair is key," he says. "Using quality products will ref lect in your hair style."

Around the globe, Leslie Lopez has est ablished herself as one of the most renowned make-up artists in the industry. Known for creating beautiful faces for the most beautiful people in the world, Leslie's luminous glowing skin has become a coveted red carpet look.

L e sl ie, who c a me t o Manila as part of the SJP team, has been responsible for Sarah's unique brand of glamour since 2005.

"Sarah saw work I had done on different people and

looked me up," Leslie talks about how she got to be SJP's so called face painter. Since that time, she has become "her make-up artist for any event and advertising she does, as well as for premiers and talk shows."

For her glam look, Leslie says t hat Sa ra h "li kes a smokey eye, so I always try to work with her eyes. I like grey tones on her.

Off the set and off the red carpet, Leslie describes SJP as " a very casual person, and very down to earth. In real life, "she doesn't wear make-up", but when she goes out, "she just does herself and does a great job."

Sarah Jessica Parker is the face of the SM Store's Love to Shop campaign.