BusinessWeek Mindanao (October 5-6, 2013)

Volume IV, No. 16

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Market Indicators As of 6:12 pm oct. 4, 2013 (Friday)

FOREX

PHISIX

US$1 = P43.05

6,390.48 points

3 cents

X

2.83 points

X

Briefly Consumers rights MALAYBALAY City -- The Department of Trade and Industry (DTI) urged the buying public to be more assertive of their rights against unfair sellers and traders who want to take advantage especially that the yuletide season has started.

Ermedio J. Abang, DTI Bukidnon provincial director, said data monitored from the business establishments’ log showed common complaints such as shoddy goods and defective products.

He encouraged buyers to ask official receipts or any proof of payment to help both buyer and seller to speed of grievance redressing process in case disagreement crops up.

“When buying, even from the sidewalks, always demand a receipt to protect you in case you bought defective or substandard goods and products,” Abang said.

Strong coops PANABO City -- In its thrust to continually strengthen cooperatives, the Local Government Unit of Panabo through the City Cooperative Development Office (CCDO) spearheaded 10 various trainings since January until September 2013 with 586 individuals as beneficiaries.

One of the notable seminars was conducted last September 25-27, 2013, a three-day seminar on Internal Control and Inventory System training at the CCDC Training Center, Brgy Salvacion which was participated by thirty four audit committee from the different cooperatives.

According to Benigno Sorima, resource speaker, the training is intended for different cooperatives which lack of Internal Control System and for them to be able to form internal control policies in their respective cooperatives.

P15.00

October 5-6, 2013

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

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

Only 7 power coops eye modular generator sets O

NLY seven out of the 33 member cooperatives of the Association of Mindanao Rural Electric Cooperative plan to tap modular power generators as short term means of addressing the power shortage in their respective areas.

Barbecued chicken, gizzard and grilled tuna panga are sold along Magallanes Street in Davao City. mindanews photo by ruby thursday

P-Noy wants reconstruction plan for Zamboanga City PRESIDENT Benigno S. Aquino III assured the people of Zamboanga City on Wednesday that there is avai l able f und f rom the national government and disbursement could immediately start as long as the city government provides a detailed rebuilding plan.

“The funds are available, awaiting only the concrete plan, meaning, lahat nung d e t ai l s ,” t h e Pre s i d e nt said in an interview after h i s at t e n d a n c e t o t h e Brotherhood of Christian Business and Professionals’ Grand Breakfast at SMX P-Noy/PAGE 11

THE first “tourism summit” in Misamis Oriental kicked off Thursday amid hopes of securing a spot in the country’s tourism roadmap.

Gov. Yevgeny Vincente Emano made an ecstatic welcome address to the more than 250 stakeholders in the

seaside tourist resort along the placid seas off Duka Bay in the town of Medina, about 160 kilometers east of Cagayan de Oro City on Thursday.

Emano wooed the private stakeholders, the Philippine spot/PAGE 11

MisOr aims for a spot in tourism roadmap

Amreco Executive Director Clint Pacana said that 22 electric cooperatives considered the idea of buying generating sets to address the power shortage from 2013 to 2015, but changed their mind.

Pacana said that delay in the release of the governing guideline or Executive Order No. 137 made several electric cooperatives to reconsider the plan.

H e said the government through the

National Electrification Administration has appropriated P4.5-Billion for the modular power generators which can be available electric cooperatives through loan.

“This is going to be for a short and medium term basis crisis given the projection that the power situation in Mindanao may normalize by 2015,” Pacana said.

He s ai d am ong t h e seven takers, three electric cooperatives opt to purchase power/PAGE 11

Power supply, rates need attention

By MYRNA VELASCO, Contributor

AS one of the top concerns raised against influx of foreign direct investments (FDIs), the Philippine g o v e r n m e nt i s b e i n g pressed for solutions on the widely-perceived expensive electricity rates and the looming power supply shortfalls in the Luzon grid.

Michael Rodriguez, Managing Director and head of Macquarie Infrastructure and Re a l Ass ets, s aid “there’s still a clear case for continuing dialogue in the power sector….up to these days, there are still inefficiencies in the sector.”

The country’s higher electricity rates and threats of extremely thinning supply

Mindanao Daily NEWS

are worrying investors that they want focused attention from government on solving these dilemmas.

Ay a l a C o r p o r at i o n Chairman Jaime Augusto

Zobel de Ayala sounded off that the government must be ready on infrastructure support for the country’s growing economy, since w it h it “c om e s m any interesting things and new opportunities for investments.”

At the annual Philippine Economic Briefing, Energy Secretary Carlos Jericho Petilla noted that they have been seeing glimmer of hope as to making the country’s rates more affordable and competitive for anticipated entry of investments.

He stressed that the new entrant coal plants, like the 600-megawatt GN supply/PAGE 11

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STI Holdings buys West Negros U M A N IL A -- Listed STI Education Systems Holdings Inc. has acqu ired West Negros University as it aims to expand its network and course offerings.

In a d isclosu re, ST I Holdings said it executed on Wednesday a deed of absolute sale with stockholders of t he u niversit y covering

t he acquisition of t heir controlling stake.

This constitutes 99.45 percent of the issued and outstanding common stock and 99.93 percent of the issued and outstanding preferred stock of WNU Corp., the owner and operator of the university.

STI/PAGE 9

Economy

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DOE eyes sale of banked gas only to new power plants MANILA -- The Department of Energy (DOE) is considering to sell the Philippine National Oil Corporation’s (PNOC) accumulated banked gas only to new power plants.

Energy Secretary Carlos Jericho Petilla said the plan intends to provide additional power generation capacity as the economy continues to grow, which in turn increases demand.

“We want to encourage them (new players) because I want more generating capacity to be in place by 2015,” he said.

PNO C ac qu i re d t he ba n ked gas f rom DOE ,

which previously had the rights to the banked gas accumulated over the years from the Malampaya project, after both parties entered a Deed of Sale Agreement in 2009.

PNOC purchased 108.6-petajoules of banked gas from the 1,200-megawatt Iligan natural gas power plant for P14 billion.

Pet i l la ha s is sued a Department Order (DO)

directing among others the institution of a technical working group (TWG) that would study and propose guidelines for the disposal of the banked gas.

Price of the banked gas is still being studied by the PNOC and Pilipinas Shell, which also have banked gas, Petilla said.

The Energy chief said the pricing scheme will be determined through a bidding.

He said the banked gas has a capacity of 150 megawatt (MW) but can be extended to 400 MW if it would be

MANILA – Local share prices rose sharply for a second session Wednesday on the back of bargainhunting and robust 2014 economic growth forecast for the Philippines.

Philippine stocks ignored a United States government shutdown, with the main index surging 164.42 points or 2.65 percent to 6,362.26 from previous day’s 6,197.84 close.

The Manila-based Asian Development Bank (ADB)

sees the Southeast to expand at a slower pace next year, but singles out “stronger Ph i l ippi ne g row t h ” to partially offset the decline.

The Philippines gross domestic product (GDP) expanded 7.8 percent and 7.5 percent in the first and second quarters this year, making the country still the fastest-growing economy in Southeast Asia.

Brokerage firm Accord Capital Equities Corp. said that while the local bourse

is not entirely “unaffected” by the turmoil that visits the US economy, the negative sentiments leading up to the shutdowns appear to be overdone.

The US government began to shut down for the first time in 17 years after its Congress failed to agree on a new appropriation law. ”We need not enumerate the strengths of the domestic economy. ADB’s outlook should suffice,” it said.

2t r ade a si a .c om s a id

utilized only during peak hours, which are 11am, 2pm and 7pm.

Providing power only during peak hours entails higher depreciation cost for power plants compared to operating it on a 24-hour basis.

Petilla said operators of these plants are allowed to sell at a higher cost to recover expenses but only within a limited period of about two to three years as no new plants go online and after getting an approval from the Energy Regulatory Commission (ERC). (PNA)

expectations for possible stop-gap to address the US budget deficit issue kept players on the watch for bargains.

Accord C apit a l s a id the recent scare over a US g o v e r n m e nt s hu t d ow n “c r e a t e d , o p e n e d a n d presented unmista kable buying opportunities.”

A ll counters were in the positive territory, led mainly by holding firms and financials stocks that stocks/PAGE 9

Robust PHL economic forecast lifts stocks

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AMENITIES : ZORBIT * ATV * TREE TOP ADVENTURE BUGGY * BUNGEE * PICNIC GROUNDS PLAYGROUND * CAFE * LUGE * MINI GOLF ROOM ACCOMODATIONS

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CorporateWorld

Congressman Rufus B. Rodriguez, during the budget hearings for the 2014 budget of the Commission on Human Rights (CHR), informs CHR Chairperson Loretta Ann P. Rosales of the plan of the Malaysian government to deport 450,000 Filipinos from Sabah. Rep. Rodriguez urged Chairperson Rosales to formulate plans and safeguards to ensure that the rights of these Filipinos are not violated. Rep. Rodriguez personally knows the dangers of these deportations because he saw how Filipinos were herded like cattle during a similar deportation which happened when he was Commissioner of the Bureau of Immigrations.

PLDT launches search for ‘Bossing Awards’ THE country’s largest telecom company has launched the 2013 MVP Bossing Awards, which is now on its fourth year and is considered one of the biggest searches for outstanding Filipino entrepreneurs.

In a statement, Philippine Long Distance Telephone Company (PLDT) said the organizers -- PLDT SME Nation, Go Negosyo and SuN Business -- have begun accepting nominations for businessmen “who embody the Filipino entrepreneurial spirit, empower the country’s growth through their economic contributions along with the tenacity to survive and revolutionize their business operations using the latest technology solutions.”

“PLDT SME Nation’s MVP Bossing Awards was established to recognize top entrepreneurs, who relentlessly pursued their aspirations, while upholding core Filipino values, complemented by their admirable business acumen,” said PLDT SME Nation head Kat Luna-Abelarde.

“These are what we want to highlight in this prestigious awarding and how other SMEs can refer to their leadership as a means to achieve their own successes,”

she said.

Among the past recipients of the Grand MVP Bossing Awards were L amoiyan Corporation’s Cecilio Pedro (2010), National Bookstore’s Socorro Ramos (2011) and Golden ABC’s Bernie Liu (2012).

L a s t y e ar’s w i n n e r s were Clarita Leelin Go and Milagros Leelin Yee of Goldilocks, Mariano Manas Jr. of Henlin, Nino Caruncho IV of Mr. Quickie, Abraham Pascual of Pascual Laboratories, Willy Sy of P r i m e r G ro u p, My r n a Yao of Richwell Trading Corporation, Mar vin Agustin of Sumo Sam, Johnny Hernandez of Victory Liner, Natividad Cheng of Uratex, Rosalind Wee of W Group Inc. and William Belo of Wilcon Depot.

Spanning Luzon, Visayas, and Mindanao, the nationwide

search calls on nominations for entrepreneurs who have laudable success stories to share, deserving to be called a “Bossing.”

Qualified for nomination are entrepreneurs and homegrown Filipino business leaders who have been in operation for at least five years. Nominations will be accepted until October 11, 2013.

“We’re expecting more entries this year as we’ve seen more and more SMEs taking advantage of technology to help them grow and expand their business,” said PLDT SME Nation marketing head Amil Azurin.

“We are also centralizing our efforts to make this year an even tougher selection process for the finest SMEs in our country to best represent and raise the banner of a true Bossing,” he said.

Thursday’s closing price of P5.05 per share.

The shares will be crossed at the PSE on Friday once RFM secures the approval for the block sale transaction.

Settlement is on October 9.

The selling shareholders were Horizons Realty Inc, BJS Development Corporation, Triple Eight Holdings Inc and RPMC Resources Inc. They will subscribe to the same number of shares they have sold at the same price in the next 90 days.

Maybank ATR Kim Eng Securities Inc arranged the transaction.

R F M t wo ye ars ago

deferred the equity offering because of volatile market conditions. The company announced last July it would revive the postponed equity fundraising involving the sale of as much as 450 million s h are s , c it i ng g row i ng interest in the company and the need to finance its expansion program.

Companies like RFM are taking advantage of the window of opportunity provided by the delay in the reduction of the US central bank’s bond-buying program, a key driver of stock market rallies in the past.

RFM/PAGE 10

RFM raises P1.62B after selling shares in private transaction R F M C o r p or at i on h a s pushed through with its equity fundraising, joining a number of listed companies that are pursuing their share sale after the US Federal Reserve delayed the withdrawal of its economic stimulus.

In a disclosure to the Philippine Stock Exchange (PSE), the Concepcionowned food and beverage firm said it priced the sale of 340 million secondary shares at P4.77 apiece, raising P1.62 billion from a private placement.

The price represents a 5.55 percent discount from

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Banking&Finance

Inflation slightly up, Jan-Sept average below target HIGHER food prices slightly pushed the country’s inflation rate in September, but the average 2.8-percent figure for the first nine months was still below the government’s 3 to 5 percent target for the year.

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX- OFFICIO SHERIFF Tubod, Lanao Del Norte NOTICE OF EXTRA- JUDICIAL SALE EJF No. 177-07-2013

Upon the Extra Judicial Petitioner for Sale under Act 3135/ 1508 as amended, filed by the 1st VALLEY BANK, DEVELOPMENT BANK, Baroy, Lanao del Norte against MYRNA Y. DINULOS, Poblacion, Baroy, Lanao del Norte to satisfy the indebtedness which as of August 26, 2013 amounting to FOUR HUNDRED THIRTY THOUSAND PESOS ( Php 430,000) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on 20th day of November 2013 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Poblacion, Tubod, Lanao del Norte, to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements, to win.

LIST OF MORTGAGED PROPERTIES “ A parcel of Residential land known, as Lot No. A-3-B, PSD-123503-020279 in Upper Sagadan, Municipality of Baroy Lanao del Norte, Island of Mindanao Philippines containing a total area of One Thousand One Hundred Ninety Seven (1, 197 ) SQUARE METERS more or less including all improvements found thereof and particularly bounded as follows: Lot. No. A-3-B, PSD-123503-02079 Bounded on the West along Line 1-2 by Lot A-3-( Road Lot ). On the North East, Along line 2-3 by Lot A-3-C, of the Subdivision Plan on the North East, Along Line 3-4 by Lot A-3-F, on the South East along Line 4-1 by lot A-3-A, Psd-123503020279.

All points are marked on the ground by Pls cyl. commons . The same is covered under TRANSFER CERTIFICATE OF TITLE NO. T-16,867 in the name Myrna Yu Dinulos of Poblacion, Baroy, Lanao del Norte herein mortgagor. Declared for taxation under T.D. NO 6-1900137 and assessed in the total Amount of P 35,910.00 for the Province of Lanao del Norte.

“All sealed bids must be submitted to the undersigned on the above stated time and date.

Tubod, Lanao del Norte, Philippines, this September 20 2013.

For the Clerk of Court and Ex- Officio Sheriff

(Sgd.) CONRADO V. BINGCO Sheriff IV

BWM: Oct. 5, 12 & 19, 2013

Government data indicated that headline inflation rate in September 2013 accelerated to 2.7 percent from last month’s 2.1 percent.

National Economic and Development Authority (NEDA) said that last month’s inflation rate remained manageable and below target despite recorded increases in food prices during the period.

NEDA Director General Arsenio M. Balisacan also attributed the uptick in overall consumer prices to higher costs of alcoholic beverages and tobacco; housing, water, electricity, gas and other fuels; and health.

But despite the rise in price indices of rice due to the lean season, Balisacan said inflation in the food subgroup remains stable at 2.5 percent.

In Metro Manila, the Bureau of Agricultural Statistics reported higher prices of commercial regular milled, commercial well milled, and commercial premium rice.

Despite weather disturbances that hit major vegetable-producing areas in the Northern and Central parts of Luzon last month, prices of vegetable were subdued and even recorded a d e e p e r ye ar- on - ye ar contraction of 3.7 percent

Inflation remains weak at 2.8%.

during the period.

The price of non-food items in the consumer basket of goods and services also recorded a slight increase of 1.8 percent in September 2013 from 1.2 percent the previous month.

In the National Capital Region (NCR), prices picked up to 1.1 percent in September 2013 from a contraction of 0.1 percent in August 2013.

In areas outside NCR, on other hand, headline inflation marked up to 3.1 percent in September 2013 from 2.7 percent in August 2013, but lower than 3.7 percent in the same period a year ago. (PNA)

FOR IMMEDIATE HIRING: ACCOUNTING ASSISTANT QUALIFICATIONS: 1. A Certified Public Accountant (CPA) 2. Male or Female 3. Not more than 30 years old 4. COMPUTER LITERATE 5. FLUENT IN WRITTEN AND ORAL COMMUNICATION 6. FLEXIBLE AND HARDWORKING 7. With at least 1 year job experience in accounting or auditing works 8. STRONG ORGANIZATION SKILLS 9. ABILITY TO WORK INDEPENDENTLY AND UNDER PRESSURE 10.

MULTI-TASKER

ACCOUNTING CLERK QUALIFICATIONS: 1. Graduate of a Commerce Degree (Preferably Accounting Major) 2. Male or Female 3. Not more than 30 years old 4. COMPUTER LITERATE 5. FLUENT IN WRITTEN AND ORAL COMMUNICATION 6. FLEXIBLE AND HARDWORKING 7. EXPERIENCE IS AN ADVANTAGE BUT NOT REQUIRED 8. STRONG ORGANIZATION SKILLS 9. ABILITY TO WORK INDEPENDENTLY AND UNDER PRESSURE 10. MULTI-TASKER

HEAVY DUTY TRUCK MECHANIC QUALIFICATIONS: 1. MALE 2. At least HIGH SCHOOL graduate 3. Preferred Certified TESDA NC2

DOJ warns banks against conspiring to raise ATM fees JUSTICE Secretary Leila de Lima on Thursday warned banks against conspiring to raise fees on interbank automated teller machine (ATM) withdrawals, saying they should be able to justify why they need to pass the increase in their operational costs on to customers.

In a statement, De Lima said banks might be held liable for anti-competitive conduct if it is proven that they coordinated to raise their

interbank ATM withdrawal fees.

“We strongly caution banks to ensure that there is no coordinated action on their part to increase their inter-banking charges without any link to the costs of their operations and pass these charges on to their customers as this may be deemed anticompetitive conduct,” she said.

De Lima added that banks should be more transparent doj/PAGE 9

BOLLOZOS TRUCKING CORPORATION

BTC Since 1966

Since 1 9 6 6

Bongbongon Kauswagan Cagayan de Oro City

4. AT LEAST 5 YEARS EXPERIENCE AS MECHANIC on IH, Japanese, European trucks 5. KNOWS HOW TO DRIVE 6. Not more than 40 years old 7. FLEXIBLE AND HARDWORKING 8. Willing to work extended time 9. MULTI-TASKER 10. STRONG ORGANIZATION SKILLS 11. ABILITY TO WORK UNDER PRESSURE

not more than 40 years old 8. Good physical condition 9. Good interpersonal skills 10. Willing to work extended time 11. FLEXIBLE AND HARDWORKING 12. Willing to be assigned anywhere in Mindanao 13. With good moral character

LIGHT DUTY WELDER

QUALIFICATIONS: 1. College graduate 2. Male or Female 3. Minimum age 23 years old but not more than 30 years old 4. COMPUTER LITERATE 5. Willing to work extended time 6. FLUENT IN WRITTEN AND ORAL COMMUNICATION 7. FLEXIBLE AND HARDWORKING 8. Good interpersonal skills 9. Willing to be assigned anywhere in Mindanao 10. EXPERIENCE IS AN ADVANTAGE BUT NOT REQUIRED 11. STRONG ORGANIZATION SKILLS 12. ABILITY TO WORK INDEPENDENTLY AND UNDER PRESSURE 13. MULTI-TASKER

QUALIFICATIONS: 1. MALE 2. At least High School Graduate 3. Preferred Certified TESDA NC1 4. AT LEAST 2 YEARS EXPERIENCE as light duty welder 5. Not more than 40 years old 6. FLEXIBLE AND HARDWORKING 7. Willing to work extended time 8. MULTI-TASKER 9. STRONG ORGANIZATION SKILLS 10. ABILITY TO WORK UNDER PRESSURE

TANK TRUCK DRIVER QUALIFICATIONS: 1. MALE 2. At least High School Graduate 3. Valid Driver license with 1238 restriction 4. Driving Experience: a. Minimum of 2 years’ experience for HGV plus 2 years’ experience of articulated HGV. b. More than 2 years experience of articulated HGV 5. Good Driving history 6. Possess basic knowledge of vehicle maintenance 7. Minimum age 25 years old but

ROAD TRANSPORT DISPATCHER

SUBMIT YOUR RESUME AND APPLICATION TO:

THE GENERAL MANAGER BOLLOZOS TRUCKING CORP. CAGAYAN DE ORO CITY Email: lordilie.enjambre@gmail.com DEADLINE OF SUBMISSION IS ON:

10 OCTOBER 2013

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AWARDEES:

AYALA LAND represented by Ms. Pam Mendez and Natalie Crisostomo

CEBU PACIFIC AIR represented by Mr. Emmanuel Dominic Pepito

COCA-COLA BOTTLERS PHIL. represented by Mr. Luisito P. Ytol

DEL MONTE PHILIPPINES INC. represented by Mr. Arthur B. Quiblat

RCBC represented by Mr. Peter Anthony Roa

GOTHONG SOUTHERN represented by Ms. Marie Rose Omonlay and Ms. Karen M. Tamparong

PRYCE PLAZA Hotel represented by Mr. Frank Mercado

My Solid Technologies Inc. represented by Mr. Richard de Quina

SONY Philippines represented by Ms. Emely Bautista Suarez

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Above The Law THINK

Think a minute…Does a thief steal because he’s a thief? Or, is he A Minute a thief because he steals? Studies

By Jhan Tiafau Hurst show that over 80% of criminals who have been in prison and then freed after serving their time are back in prison for the same crime in less than 1 year!

So back to our question: Does a thief steal because he’s a thief?

Or, is he a thief because he steals?

The answer: he steals because he’s a thief. We do what we do because of what we are inside.

Jesus said that you and I can still be a murderer even if we don’t murder anyone. If we hate somebody and wouldn’t mind if someone else killed that person, then we also are a murderer in our heart. Jesus said that if we lust and desire to have sex with someone who’s not our wife or husband, then we’ve already committed adultery because in our heart we are an adulterer.

Jesus’ way of living is far above the law. It goes beyond just the minimum, small requirements of the law which simply try to keep society civil. But God did not create you and me just so we would not cheat or steal from our enemy. He designed us to love our enemy. Jesus knows that if we truly love and care about a person, then we don’t need a law to keep us from cheating or stealing from them!

When you and I do something good to impress and look good in front of others, Jesus sees and judges our wrong heart and motives even for doing those good things. Jesus wants us to do them because we genuinely love Him and others, not for our own self-centered pride and good image in front of people.

You’re probably thinking: “If Jesus’ commands are that high above the law, then is anyone that good and perfect?!” Of course not! No one is! That’s exactly why Jesus came: to finally change our heart and character inside. The law can only punish us for our crime, but it cannot change us on the inside. Jesus came to finally take the dishonest thief out of us, so to speak.

So why not ask Jesus to forgive you for your wrong heart and way of living right now? Ask Him to start changing you inside into a new person. It’s only with His character and nature in charge of your heart, that you can finally enjoy the freedom of living above the law for the rest of your life. Just Think a Minute…

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Opinion Time for Change Year in and year out, the Bangko Sentral ng Pilipinas has been recommending to Congress proposed amendments to its 20-year old charter.

The proposed amendments can be grouped into three categories: a. amendments that would strengthen BSP’s monetary stability function. b. amendments that would strengthen BSP’s financial stability function and c. amendments which would strengthen BSP’s corporate and financial viability.

The usual bills are filed in both houses at the start of every session of Congress. The routine committee hearings are held. But somehow the BSP proposed legislative agenda always gets relegated to the background and never gets past the Committee stage.

This year, BSP officials are a bit more optimistic. Word from Senate President Franklin Drilon has been encouraging.

The BSP charter amendment is now reportedly among the legislative priorities of the present Congress.

The Bangko Sentral ng Pilipinas (BSP) may be getting plenty of positive reviews and awards these days for its remarkable work in our economy, but this does not mean there is no longer room for improvement.

The challenge is to continue getting better and to keep in step with the developments in our globalized economy.

In the recently held 10th BSP Media Lecture Series, BSP Deputy Governor Vicente S. Aquino explained how the BSP can better perform its constitutional mandates of promoting and maintaining monetary and price stability in the country through the sought-after charter amendments.

To improve its corporate and financial viability, the BSP proposes to institutionalize an additional capitalization of Php 150 billion on top of the Php 50 billion that the BSP charter provides. Of the Php 50 billion, only Php 40 billion has been paid in so far.

BSP also calls for a. the restoration of its tax exemption (a privilege enjoyed by most central banks); b. flexibility in establishing adequate loss allowances and reserve buffers; and c. enhancements to its credit operations.

These proposed provisions aim to offset BSP’s heavy burden (mostly interest expense) incurred by the BSP as it tries to keep inflation low and stable.

Another salient feature of the proposed bill involves the strengthening of BSP’s monetary stability function.

The BSP seeks the restoration of the authority to obtain data from any private person/entity, the authority to issue its own negotiable certificates of indebtedness even during

SPEAKING

normal times; and the removal of thresholds in the growth O ut of monetary aggregates and

By Ignacio Bunye credit.

If approved, these provisions will enable BSP to come up with more responsive monetary policy since it will now have access to more relevant, reliable, timely, and comprehensive data on the economy.

With its own debt securities, meanwhile, the BSP will have greater flexibility in its open market operations.

Focus on monetary aggregates is now given less weight in analyzing and evaluating inflationary pressures.

The proposed amendments also seek to give more power to the BSP as the supervisor and regulator of financial institutions.

BSP hopes to make financial stability as an official mandate of the BSP along with monetary stability and price stability.

To strengthen BSP’s supervisory authority, the proposed amendments seek to expand its jurisdictions to cover other financial institutions such as money changers and remittance agents; to grant authority to BSP to impose sanctions on transfers and acquisitions of substantial shares of banks/quasi banks without BSP approval; to enable a flexible conduct of risk-based supervision; and to impose stronger sanctions like the forfeiture of profits from unauthorized financial transaction.

BSP also seeks to improve its resolution mechanisms for problematic financial institutions. BSP suggests the lifting of the bank secrecy law in aid of BSP examination activities. Finally, BSP bats for legal protection for BSP officials and staff while performing their official duties.

Given the magnitude of BSP’s responsibilities in a rapidly evolving economic and financial landscape, it is about time that Congress gives more than perfunctory attention to the amendment of BSP’s charter.

Note: My book, Central Banking for Every Juan and Maria is now available in main branches of Fully Booked, Power Books, National Book Store, and University of the Philippines Press.

Old Law, New Law The Catechism of the Catholic Church has a section that talks about the Old Law and the New Law. It’s an interesting section that, to me, deserves to be known by everyone.

For sure, that section, which is located in the division about Christian morality, is not simply meant to be theoretical. It precisely is meant to guide us in our behavior and actuations, which is what morality is all about.

And morality should be a grave concern for all of us, since our behavior and actuations can either build up or destroy our humanity and Christianity. Our human acts, or those free acts we do for which we are responsible, can either enhance or harm our dignity.

That section about the Old Law and the New Law is therefore meant to be practical, to help us see the path toward our true human development and Christian perfection, our authentic joy and fulfillment.

It offers us fundamental information meant to form in us the proper attitudes and the accompanying skills, virtues and practices we need to affirm our human and Christian identity in our actions or in the whole of our moral life.

We have to remember that since we are intelligent and free beings precisely because we have been created in the image and likeness of God, we are the only creatures, aside from the angels, who can either build up our nature or destroy it. In the other creatures, this concern about affirming or violating their nature is irrelevant.

There is an over-all law that governs all creatures.

There is first the eternal law of God who creates and governs everything both in time and in eternity. Every creature has part of this law in him. This is called the natural law.

But in our case, this natural law, while written in our heart, is something that we can be aware of, precisely because of how we are-that we are intelligent and free beings. We can know it by our reason, and because of our free will, we can either follow it or go against it.

Our natural law is more properly called natural moral law.

Now, given our wounded nature that affects our capacity to know the natural law entirely and correctly, our Christian faith tells us that this natural moral law needed to be articulated in an explicit way. This is where

HINTS

the Old Law comes in.

The Old Law refers to and Traces the Ten Commandments.

By Fr. Roy Cimagala It is the law revealed to us through Moses, addressed first to the Chosen People (the Israelites) but actually meant for all of us. It has a universal scope. It’s not only for some. It’s for all. It’s not only for some period of time.

It’s for all time.

It articulates the way we should be, how we should act, what we can do and what we should not do, what is good and what is evil for us. It precisely spells out our nature insofar as our behavior and actuations are concerned.

But it does not tell us what we can do if we happen to violate our nature. It has no corrective dimension. It does not tell us how our attitude should be and how to suffer meaningfully the consequences of our transgressions against our nature.

This is where the New Law comes in. It offers us the way to recover and even to enhance our dignity as persons and children of God to a level higher than the original. It is the law of our Christian perfection through our redemption. It has the power to forgive sins and to suffer sins’ consequences gainfully.

It is articulated in many ways. One is the new commandment Christ told his disciples: “Love one another as I have loved you.” But this love is more articulated in the Sermon of the Mount where we are told about the beatitudes and about our duty to love even our enemies, to be willing to offer the other cheek if we are slapped in one, etc.

The New Law is actually about having a living unity with Christ who is “the Way, the Truth, and the Life” for us. No one goes to the Father, he said, except through him. And so we have to understand that the New Law embraces everything that Christ taught us to do, and to make use of everything that he left us with the Church, the sacraments, the doctrine of our faith, etc.

But the New Law does not do away with the Old Law. The New stands on the Old.

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Oktoberfest at Seda Centrio (Friday, October 4 & Saturday, October 5) Oktoberfest, Germany’s greatest cultural festival will be celebrated on the first week of October (04th and 05th, Friday and Saturday) at Misto (Poolside).

At only Php 650.00 per person, one person comes in free for every group of 10 guests!

Savor traditional Bavarian dishes and free flowing beer with live music and the ambiance of traditional Bavarian costumes by the staff!

Buy your tickets now, no walk-ins! Oktoberfest at Seda Centrio’s Misto poolside starts from 6PM to sawa!

Check this column for weekly updates of Seda Centrio Events!

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Environment

Advertising and Editorial E-mail : businessdailymindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor: Cheng Ordoñez

Gov’t seeks disaster-resilient housing for Zambo evacuees MANILA -- Government is soliciting from the public design ideas for housing it will build for Zamboanga City’s coastal residents displaced by hostilities that gripped the area since last month.

Foreground shows the destroyed homes of Sta. Barbara while farther ahead is the commercial district in downtown Zamboanga City. mindanews photo by jowel f. canuda

CDRRMC seeks to place Zambo under state of calamity ZAMBOANGA CITY – The City Disaster Risk Reduction and Management Council (CDRRMC) have sought the assistance of its national counterpart to recommend to President Benigno Simeon Aquino, III the declaration of a state of calamity in this city on the basis of human crisis.

“With a similar purpose, the CDRRMC in a meeting Monday also requested the NDRRMC to recommend to his Excellency, President Aquino the declaration of Zamboanga under a state of calamity on the basis of humanitarian crisis,” Mayor Ma. Isabelle Climaco-Salazar said.

A national declaration of a state of calamity will allow international donors to contribute additional funding to augment the support of the national government to

the City, Salazar added.

“A n g b a s i s , k a s i humanitarian crisis tayo.

Although, Z amboanga City is really still in the state of calamity because last September, there was a declaration, kailangan i-elevate sa NDRRMC so that it will be able to give international donors, like the Philippine Red Cross’ (PRC) the capacity to contribute to Zamboanga City,” Salazar said.

She revealed that Secretary Voltaire Gazmin has a lre ady inst r uc te d Defense Undersecretar y Eduardo Del Rosario to immediately coordinate with the city government on the mater after arriving Manila.

She s ai d t he t h re e week crisis cost this city an estimated P4 billion, an amount equal to two years of the city’s annual budget.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 21 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF OCEAN PEARL/ROBERTO CHING

Plaintiff,

-Versus-

VENUS ANONUEVO-GACASAN

Defendant.

X----------------------------------------------/

CIVIL CASE NO. 2010-065 FOR SUM OF MONEY, ETC.

NOTICE OF SALE ON EXECUTION OF REAL PROPERTY

WHEREAS, by virtue of an order of Execution issued by Honorabe GIL G. BOLLOZOS, Presiding Judge of the Regional Trial Court , Branch 21, Cagayan de Oro City on May 6, 2013 in Civil Case No. 2010-065 wherein OCEAN PEARL/ ROBERTO CHING is the plaintiff and VENUS ANONUEVO-GACASAN is the defendant for SUM OF MONEY AND ETC. by way of distraint of the sum of THREE MILLION FIVE HUNDRED TWENTY TWO THOUSAND NINE HUNDRED SIXTY THREE PESDOS (P3,522,963.00) with interests, costs, etc. levy was made by Deputy Sheriff FE O. BONTUYAN-BULARON of Regional Trial Court, Branch 17, Cagayan de Oro City on March 18,2010, thru the Provincial Register of Deeds of Bukidnon, Malaybalay City on the rights, interests and participation of said defendant VENUS ANONUEVO-GACASAN in the real property more particularly describe as follows:

TRANSFER CERTIFICATE OF TITLE NO. T-47814 Lot : Cad Lot 486, Pls-9 Location : Malabuaya, Batangan, Valencia , Bukidnon Land use : Industrial Area : Eight Hundred Four (804) sq. m.

Declared Owner : Venus Gacasan

NOW THEREFORE , by virtue of said Order of Execution and in accordance with Rule 39, Section 19, of the Rules of Court, the Sheriff of Misamis Oriental will, thru the undersigned EX-OFFICIO Sheriff, or by deputy, sell at public auction to the highest bidder, for CASH and in Philippine Currency on October 15, 2013 at 9:00 in the morning to 2:00 O’clock in the afternoon or soon thereafter at the Hall of Justice , Cagayan der Oro City, the rights , interests, and Participation of defendant VENUS ANONUEVO-GACASAN, in the above –described real property in order to satisfy said Order of Execution, together with interests, costs, Sheriff’s fees and the expense of sale.

The P3.8 billion pledged by the national government for rehabilitation efforts w i l l pr i mar i ly go i nto the establishment of the temporary and permanent shelters.

The development of the planned relocation sites zambo/PAGE 10

“How to design settlements free from the risk of disasters is among challenges we face so we welcome suggestions on the matter,” social welfare chief Corazon Soliman said Wednesday (Oct. 2) at the Fourth Asia-Pacific Housing Forum in Metro Manila.

She noted coastal dwellers comprise over half of more than 100,000 Zamboanga City residents who fled their homes to escape fighting there between government troops and Moro National Liberation Front rebels.

By adapting designs that take into consideration local hazards and climate change’s impacts, government aims to help better protect the residents from disasters and more misery.

Latest available data back such bid.

According to Manila O b s e r v at or y pre s i d e nt Antonia Loyzaga, fresh

THE GREAT HAIR BLOW OUT. Unilever Vice President for Corporate Affairs Chito Macapagal shows samples of bags and bricks (soft and hard items) made of empty Unilever shampoo sachets the company is donating to homeless evacuees in Zamboanga City standoff during “The Great Hair Blow Out” press conference, September 27, held at the Blue Leaf the Port in Taguig City. pna photos by ben briones Republic of the Philippines Regional Trial Court of Misamis Oriental 10th Judicial Region Branch 38 Cagayan de Oro City IN THE MATTER OF THE CORRECTION OF ENTRY IN THE BIRTH CERTIFICATE OF MINOR MA. LOUISSE NICOLE ARPA TABAQUIN, REP. BY HER MOTHER MARITESS S. ARPA,

Petitioners,

SPEC. PROC. NO. 2013-076

-versusLOCAL CIVIL REGISTRAR OF CAGAYAN DE ORO CITY,

Respondent. x----------------------------------------------/ ORDER

Before this court is a Petition for Correction of Entry in the Certificate of Live Birth of petitioner’s daughter as to her family name, in the Office of the Local Civil Registrar of Cagayan de Oro City.

IT IS HEREBY ORDERED that said Petition be set for hearing on November 20, 2013 at 8:30 in the morning at the Session Hall of this Court, on which date, time and place, all persons who may have any opposition to the petition herein sought, may appear to show cause why said petition should not be granted.

Let this Order be published in a newspaper of general circulation in the Province Misamis Oriental once a week for three ( 3 )consecutive weeks prior to the date of hearing.

Likewise, let copies of this Order, with Petition attached, be posted by the Petitioner on the bulletin boards of the Court, the City Hall of Cagayan de Oro City and the Provincial Capitol of Misamis Oriental for at least ten ( 10 ) days prior to date of hearing.

Furnish copies of this Order and Petition to the Offices of the Solicitor General Prosecutor of Cagayan de Oro City and the Local Civil Registrar of Cagayan de Oro City.

SO ORDERED.

September 17, 2013, Cagayan de Oro City

Cagayan de Oro City, Philippines, September 16, 2013

(Sgd.) EFREN G. MACABAYA Sheriff IV

BWM: Sept. 28, Oct. 5 & 12, 2013

satelite images indicate occurrence of a 10 mm per year rise in sea level. “ T h e Ph i l ippi n e s i s number one in Asia for number of persons exposed to sea level rise, storms, earthquakes and floods,” she also said during the forum.

Aside from saltwater intrusion, SLR generates flooding in low-lying areas.

Government’s weather agenc y likewise earlier proj e c te d we tte r r ai ny seasons and drier summers for the country.

Experts already warned SLR, onslaught of weather extremes and increasing sea temperature are climate change’s impacts on archipelagic Philippines.

Last month, MNLF rebels attacked Zamboanga City and hostaged several residents there.

The rebels are opposing government’s peace talks

with Moro Islamic Liberation Front.

Their attack and encounter with government troops forced thousands of Zamboanga City residents to flee for safety.

Government provided, in the city, tents which the residents are using as temporary shelter.

Social welfare assistant secretary Javier Jimenez said government will conduct there this Saturday (Oct. 5) groundbreaking for the public housing project for them.

“They can’t live in tents forever,” he said on the forum’s side.

He noted the social welfare department will provide some funds for materials to be used in the project.

Non-profit organization Habitat for Humanity will provide manpower for the work, he continued.

“Our agency’s involvement is in core shelter - we provide funds so such basic housing can be built as soon as possible,” he said. housing/PAGE 10

(Sgd.) EMMANUEL P. PASAL Judge BWM: Oct. 5, 12 & 19, 2013

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region Branch 28 Mambajao, Camiguin IN THE MATTER OF PETITION FOR ISSUANCE OF OWNER’S COPY OF ORIGINAL CERTIFICATE OF TITLE P-6694, LOT- NO. 1051; P-6694, LOT NO. 2090; TRANSFER CERTIFICATE OF TITLE NO. 268, LOT NO. 664 and T-267, LOT NO. 530, OF THE REGISTRY OF DEEDS OF CAMIGUIN.

MISC. CASE NO. 129

JAMES S. BOLLOZOS, Petitioner, ATTY. ALMA CONCEPCION M. PARRENO, In her capacity as Ex-Officio Register of Deeds of Camiguin.

ORDER

Let this case be set for hearing on November 5, 2013 at 8:30 o’clock in the morning, at this court. Persons interested in this petition are required to answer and appear before this court on the aforesaid date and make known their opposition thereto.

Let copy of this Order be published at petitioner’s expense once a week for three consecutive weeks prior to the date of hearing in any newspaper of general circulation in the Province of Camiguin.

For a period of fifteen (15) days prior to the date of hearing, at the expense of the petitioner. let a copy of this order and of the petition be posted at the bulletin boards of the entrance door of this Court, Hall of Justice, Mambajao, Camiguin, Public Market, Sagay, Camiguin; Municipal Hall, Sagay, Camiguin; and Provincial Capitol, Mambajao,Camiguin.

SO ORDERED.

Mambajao, Camiguin, July 29,2013 (Sgd.) JEOFFR E W. ACEBIDO

Assisting Judge BWM: Oct. 5, 12 & 19, 2013

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STI...

from page 2

The aggregate purchase price for the shares is less than 10 percent of the total book value of STI Holdings. “ T he a c qu i sit ion of WNU Corp. will expand the STI network, increase the student population, provide opportunities for course offerings, increase sources of income to STI Holdings and add value to the business,” it said.

It will also provide STI Holdings with entry into basic education which is the focus of the government’s K-12 program and into the graduate school level, the company added.

WNU Corp. is the second university acquired by the company after Philippine Women’s University. (PNA)

Stocks... from page 2

advanced 3.09 percent and 2.51 percent.

Volume of transactions reached 1.30 billion shares valued at P8.23 billion.

Advancers won decliners, 99 to 46, while 40 issues were unchanged.

The day’s biggest index gainers were Maybank ATR Kim Eng Financial Corp., A Brown Company Inc., 2Go Group Inc., i-Remit Inc. and Philippine Seven Corp.

(PNA)

DOJ... from page 4

in informing the public why they have to pay interbank ATM withdrawal charges.

“Raising consumer awareness on which banks charge the lowest fees and why they are paying such fees will lead to an informed choice and will promote greater competition among banks,” she said.

In September, several banks announced they would be raising the interbank wit hdrawal charges on ATMs beginning October or November from P11 to P15 to cover the costs of operating the machines.

BDO Unibank said in a statement that the increase was “an indust r y-wide development.”

The increase, however, was stopped by the Bangko Sentral ng Pilipinas, which said it needs to complete a study first on the issues surrounding ATM transaction charges and disclosure policies before the banks are allowed to hike their fees.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE File No. 2013-243

Upon extra-judicial petition for sale under Act No. 3135 as amended, filed

by HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG), Cagayan de Oro City, as mortgagee, against ARLENE M. CUHIT, of legal age, single, Filipino citizen and with postal address at Block 3, lot 17 Exzekiel St., San Agustin Valley Homes, Carmen, Cagayan de Oro City as mortgagor, which as of July 29, 2013 amounts to THREE HUNDRED EIGHTY TWO THOUSAND TWO HUNDRED TWENTY FOUR PESOS & 07/100 (Php382,224.07) inclusive of interest, and penalty charges, but exclusive of attorney’s fees equivalent to ten (10%) percent of the total indebtedness plus the expenses of foreclosure, the undersigned will sell at public auction on OCTOBER 10, 2013 at 10:00 a.m. or soon thereafter at the main entrance of the Office of the Clerk of Court, Regional Trial Court , Hall of Justice, Cagayan de Oro City, to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all the improvements found thereon, described as follows:

READ!

TCT No. T-197174 ‘’A PARCEL OF LAND (Lot 51, Block 17, Pcs-10-003948, portion of Lots 3615-B, Psd-10-004675,24178-A, Psd-10-009444, 3614-A-1-B, Psd10-009566,24178-B-1, Psd-10-010320, 24178-B-2-A, Psd-10-052968, 24178-B-2-B-1, Psd-10-054199, 24178-B-2-B-6, Psd-10-054199, 24178-C-1, Psd-10-054997, 3605, Cad. 237, Cagayan Cadastre), situated in Barangay Iponan, City of Cagayan de Oro, Province of Misamis Oriental, Island of Mindanao, containing an area of FIFTY (50) square meters, more or less.’’

All sealed bids must be submitted to the undersigned on the above stated date, time and place.

In the event the auction date falls on a holiday, the same will proceed on the following working day, without further notice, posting and publication.

Prospective buyers may investigate for themselves the title herein-above described and encumbrances thereon, if any there be.

Cagayan de Oro City, September 2, 2013.

FOR THE EX-OFFICIO PROVINCIAL SHERIFF By:

www.businessweekmindanao.com

BWM: Sept. 28, Oct. 5 & 12, 2013

(Sgd.) MA. TERESITA QUIBLAT-INSO

Sheriff BWM: Sept. 21, 28 & October 5, 2013

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October 5-6, 2013

RFM...

Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 28 Mambajao, Camiguin RE: PETITION FOR NATURALIZATION AS A FILIPINO CITIZEN OF NOUR MALAK TAWFEEQ IBRAHIM, Petitioner, x----------------------------------------------------//

from page 3

MISC. CASE NO. 128

AMENDED ORDER

FIRE PROTECTION & PLUMBING SERVICES “Dedicated to Quality, Commited to Service.”

Gaabucayan Extension, Agora Lapasan, Cagayan de Oro City

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Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 25 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE File No. 2013-238

Upon extra-judicial petition for sale under Act 3135 as amended filed by HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG FUND, Mortgagee, with address at J.R. Borja Street, Cagayan de Oro City, against ILENE S. PEREZ, Mortgagor, with postal address at C/O St. Ignatius Learning Center , Lot 1 , Block 67, Xavier Heights Subdivision, Balulang, Cagayan de Oro City or Lot 2 , Block 8 , Xavier Heights Subdivision, Carmen , Cagayan de Oro City, to satisfy the mortgaged indebtedness which as of August 1, 2013, amounts to TWO HUNDRED FIVE THOUSAND EIGHT HUNDRED SEVENTY THREE PESOS & 53/100 (P 205, 873.53), inclusive of interest and penalty charges , attorney’s fees equivalent to ten (10%) percent of the total indebtedness plus foreclosure expenses , the undersigned Sheriff will sell at public auction on October 30,2013 ,at 10:00 o’clock in the morning or soon thereafter at the main entrance of the Hall of Justice , Arch. Hayes Street, Cagayan de Oro City, to the highest bidder , for CASH and in Philippine Currency the property mentioned in the said mortgage which is described as follows: TRANSFER CERTIFICATE OF TITLE NO. T-132498

‘’A PARCEL OF LAND (Lot 2, Block 8, of the subd. plan Psd-10-024063, being a portion of Lot 3047-B-1, Psd-10-022552. Situated in the Barangay of Carmen , City of Cagayan de Oro, Island of Mindanao. Bounded on the NW., along line 1-2 by Lot 1 of Block 8 of the Subd., plan , on the NE., along line 2-3

by Lot 3047-A Psd-10-010169; on the SE., along line 3-4 by Lot 3 of Block 8 of the Subd. plan; and on the SW., along line 4-1 by Road Lot 7. Containing an area of ONE HUNDRED FORTY SEVEN (147) square meters, more or less, including all existing improvements thereon; registered in the name of ILENE SACAY PEREZ.”

All sealed bids must be submitted to the undersigned on the above stated date, time and place.

In the event the public auction should not take place on the said date for whatever reason, the name will proceed on the following working day, without further notice, posting and publication.

Prospective buyers /bidders may investigate for themselves the title of the herein above described property and encumbrances thereon, if any there be.

Cagayan de Oro City, September 13, 2013

Notice is hereby given that filed before this Court is a verified petition, to wit:

Petitioner, with the assistance of undersigned counsel, to the Honorable Court most respectfully avers:

A.

That PETITIONER has all the QUALIFICATIONS to be naturalized as a citizen of the Republic of the Philippines thusly: 1. That he is an Egyptian Citizen born at Fayoum, Egypt on the 11th day of May 1961 to Egyptian parents. He is presently 52 years of age; 2. That he is now permanently residing at Balintawak, Mambajao, Camiguin; 3. That he previously resided at Egypt in Fayoum; 4. That he is a person of good moral character which fact petitioner will prove in the course of this petition. He is also presently a Pastor for the Way Ministries which is a SEC registered religious corporation under SEC Reg. No. H199600086 and headed by its Senior Pastor Roberto J. Tayag Jr.; 5. That he is active socially in the Philippines and especially in the Province of Camiguin. He actively preaches to his church members and also offers to preach in social gatherings. In fact he continuously preaches the Word of God to the Philippine national Police and assisting them in their moral recovery program. He started this way back in the year 1994; 6. That petitioner has always conducted himself in a proper and irreproachable manner towards his dealings with his community and with the duly constituted government . He has no records of any improprieties or misunderstandings with neighbors with the Barangay Office, with the Police Office or before the national Bureau of Investigation. Neither has he any records with any Courts of the country. Nor does he have any such record in his own country, Egypt; 7. That he owns a conjugal residential building situated at Balintawak, Mambajao, Camiguin where he and his family resides. That the value of this building exceeds five thousand pesos (P5,000.00) Philippine Currency.

8. That he is lawfully engaged as a Pastor for The Way Ministries for which he receives sufficient funds in the form of ‘’love gifts’’ allowing him to lead a reasonably comfortable and stable family life; 9. That he is well versed in the Visayan and English language. He is also familiar with the Tagalog language; 10. That he has two children with his Filipino wife, VISITACION LUSPO, These children are EPHRAM L. MALAK and ZECHARIAH LEE L. MALAK; 11. That both children were born at Mambajao, Camiguin on September 15, 1994 and February 23, 1996, respectively; 12. That the elder child is currently enrolled at Lourdes College at Cagayan de Oro City as a 3rd year College student taking up Hotel and Restaurant Management (HRM) while the younger child is currently a student of the Mindanao Sanitarium College at Iligan City and enrolled as a second year student of its Medical Technology course; 13. That both children completed their primary and secondary education under the public school system of the Philippines.

Both of them studied at Mambajao Central School in elementary while also both studied at Camiguin Polytechnic State College in high school; 14. That petitioner married his Filipino wife VISITACION LUSPO at The Evangelical Church at Ali Ain, Abu Dhabi on December 5, 1991. The marriage has been duly reported to the Philippine Government; 15. That petitioner and his family permanently resides at their residence in Sitio Balintawak , Mambajao , Camiguin, however the education of the children necessitates their absence therefrom when school is in attendance; 16. That petitioner’s wife is gainfully employed as a Medical Technologist at the Camiguin General Hospital in Mambajao; 17. That petitioner has been a resident of the Philippines for twenty two (22) years thus far exceeding the required ten (10) year residency under Commonwealth Act No. 473 under which law this petition is filed. Further, being a married to a Filipino ,he falls under the exception provided under Section 3, subparagraph 3 of the same law reducing his required residency to five (5) years; 18. That petitioner arrived in the Philippines in the year 1992 on board one of the Aircraft in the fleet of Malaysian Airlines which departed from India. Petitioner unboarded at Ninoy Aquino International Airport (NAIA) at manila, Philippines.

B. That PETITIONER has NONE of the DISQUALIFICATION LAID DOWN BY Commonwealth Act No. 473 to become a NATURALIZED FILIPINO: 19. That petitioner is not opposed to organized government or affiliated with any association or group of persons who uphold and teach doctrines opposing all organized government; 20. That being a pastor of The Way Ministries and a law abiding person,he does not defend or teach the necessity or propriety of violence, personal assault or assassination for the success and predominance of his ideas; 21. That neither is he a polygamist or a believer in the practice of polygamy in fact, his church teaches against such practice and actively promotes monogamy; 22. That he has not been previously convicted of crimes involving moral turpitude or any other crime for that matter; 23. That he is of sound mind and body and as such is not suffering from any mental alienation or under any incurable disease; 24. That during his period of stay in the Philippines, he has mingled socially with the Filipinos in his community. He also learned and embraced the customs, traditions and ideals of his wife and her people, i.e., the Filipinos; 25. That the State of Egypt is not at war with the Republic of the Philippines; 26. That the State of Egypt allows Filipino citizens to become naturalized citizens thereof; C. That PETITIONER has complied with Section 5 of Commonwealth Act No. 473 requiring him to submit his Declaration of Intention one (1) year prior to the filing of this present petition for naturalization to the Office of the Solicitor General; 27. That attached hereto as annex ‘’A’’ is the Bona Fide Declaration of Intention of petitioner duly filed with the Office of the Solicitor General on June 26, 2013. Attached also in a separate coupon bond as annex ‘’B’’ are the registered receipt and receipt of the private courier as proof that the petitioner has filed the said legal document with the Solicitor General; 28. That previously , petitioner has personally filed with the same office declaration of the same import on July 14, 2011 duly recorded thereat as File No. 6494 under receipt number 4311445, a copy of which is attached hereto as annex ‘’C’’; 29. That petitioner has attached two photographs of himself as annex ‘’D’’, a certification of his arrival in the country as annex ‘’E’’ and affidavits of his witnesses USEC. ANTONIETO GALLARDO AND ATTY. VITO CARRILLO attesting to his qualifications to be naturalized as a Filipino citizen under CA 473 as annexes ‘’F’’ and ‘’G’’, respectively; 30. That petitioner in the mentioned declaration has included all the pertinent information required by Sec. 5 of CA No. 473

The food manufacturer nearly tripled this year’s capital expenditure to P1 billion from P350 million last year to bankroll new factories in Mandaluyong City and Laguna for the production of more b e verages and macaroni.

Margin improvements lifted the net income of RFM by more than a quarter to P387 million in the first six months of this year, from P302 million in the same period last year.

The disposal of its meat business to the Centur y Pacific group late last year dragged sales by nearly a tenth to P4.77 billion from P5.26 billion a year ago.

RFM projects a 15-20-percent growth in earnings this year supported by a 7-8 percent expansion in sales.

Housing... from page 6

He noted the s o cial welfare department is open to suggestions on how to make the housing project’s design disaster-resilient.

Habitat is spearheading the Asia-Pacific Housing Forum.

T he bi e n n i a l for u m provides a venue for discussing issues on housing and poverty.

Both issues are interrelated, Habitat noted.

(PNA)

Zambo... from page 6

and its necessary facilities and utilities, as well as the rehabilitation of livelihood and education institutions, will be shouldered by the local government.

Additionally, the local government will have to sustain the relief operations for the approximately 23,000 families still sheltered in 33 evacuation centers.

The DSWD has spent a total of P106 million as part of their ongoing support to the evacuees, but according to Salazar, this will end by Oct 9. (PNA)

D. That PETITIONER undertakes to reside continuously in the Philippines from the date of this petition up to the time when his admission to Philippine Citizenship will be granted.

WHEREFORE, petitioner prays that he be granted the privilege of becoming a citizen of the country which he has grown to love and respect and to finally become a FILIPINO CITIZEN.

Finding the petition sufficient in form and substance , it is hereby set for hearing on June 24, 2014 at 8:30 o’clock in the morning.

At the expense of the petitioner , let a copy of this Order be published at least once a week for three (3) consecutive weeks in a newspaper of general circulation in the Province of Camiguin and in the Official Gazette. The Process Server of this Court is directed to post copies of this Order in the following public places: 1.) Bulletin Board –Public Market, Mambajao, Camiguin; 2)Bulletin Board-Municipal Hall,Mambajao, Camiguin; 3) Bulletin Board- Provincial Capitol, Mambajao, Camiguin and 4) Bulletin Board-this Court.

The Local Civil Registrar of Mambajao, Camiguin or any person having or claiming any interest on the naturalization of NOUR MALAK TAWFEEQ IBRAHIM, changing his citizenship from an Egyptian National to Filipino citizen may appear at the hearing and oppose the petition.

Petitioner is directed to furnish copy of this Order and the Petition to the Local Civil Registrar of Mambajao, Camiguin and the Office of the Solicitor General.

The petitioner shall at the hearing submit proof of publication and of the service of the copy of the Petition and order as directed by the Court

SO ORDERED.

Done this 29th day of September, 2013 at Mambajao, Camiguin.

FOR THE EX-OFFICIO PROVINCIAL SHERIFF:

(Sgd.) LOVE M. VERDADERO Sheriff

(Sgd.) JEOFFRE W. ACEBIDO

Acting Presiding Judge

BWM: Sept. 28, Oct. 5 & 12, 2013

BWM: Oct. 5, 12 & 19, 2013

The golden rule for every business man is this: “Put yourself in your customer’s place.

– Orison Swett Marden

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Power... from page 1

while four only want to rent generators, respectively.

Pacana said those who want to purchase generators include the Misamis Oriental Electric Cooperative I, Davao Oriental Electric Cooperative and Davao del Norte Electric Cooperative while those who want to rent comprise of Zamboanga del Sur Electric Cooperative, Zamboanga del Norte Electric Cooperative, and two other elec tric cooperatives.

He stressed that for electric cooperatives have to provide power especially in urban areas where business thrives.

Pacana said the bidding for the modular generators was delayed as they waited for the corresponding guideline from the government.

“The Bids and Awards Committee just reported to the Amreco which in turn report the result to government through the NEA and the Energy Regulatory Commission,” he said Pacana projected that the use of modular power generators will be realized on the first quarter of 2014.

Sergio Dagooc, president of the AMRECO said that ideally, Mindanao power needs is placed at 1,300 megawatts.

He said that currently, power generation can only supply 1,100 megawatts and has a shortfall of 200 megawatts. (PNA)

P-Noy... from page 1

Convention Center in Pasay City.

The President said this plan includes the number of houses to be built, the layout of villages, the distances from commercial centers, funding mechanism, assistance to affected students, cash-forwork programs, the duration of project implementation and others.

“We need to have all of the details in place before we are able to disburse the funding. Hindi ‘yung disburse at bahala na ’yung plano.

Plano muna na konkreto tapos, disburse ng funds,” he said.

Asked to comment on Zamboanga’s call for the declaration of humanitarian crisis so that foreign aid could come in, the President said that as of the moment there are foreign organizations already working hand in hand with domestic relief groups for Zamboanga’s rehabilitation.

The Zamboanga situation is a very significant problem for the government, the President admitted, noting that over a hundred thousand people are being cared for by the Department of Social Welfare and Development (DSWD).

But he also assured the people of Zamboanga City that the government will not be scrounging for funds to put their lives back to order. The President has

previously promised a P3.9 billion fund for Zamboanga’s reconstruction.

As to the recent update on the Zamboanga City crisis, the President said security forces are still ferreting out some rebels. But, the AFP has already turned over to the PNP the actual clearing operation to secure the communities against booby traps and unexploded munitions.

With regards to Habier Malik, the Moro National Liberation Front leader w ho l e d t he att a ck i n Zamboanga, the President said the government is not ready to make a positive statement about his status as forensic experts conduct tests including DNA analysis.

The government is also moving detained or captured MNLF rebels to another location to enhance security in Zamboanga City noting their presence in the city may cause tension within the community.

The justice department’s work is also ongoing for the filing of cases against MNLF founding Chairman Nur Misuari, he said.

Justice Secretary Leila de Lima will be going to Zamboanga City to check on the work of the prosecutors who have been interviewing witnesses and hostages to come up with a strong case against Misuari and his men.

“It is still an ongoing work. Sa hostages alone, you’re interviewing over 190 individuals tapos, meron din ‘yung interrogations done CAGAYAN DE ORO MAIN BRANCH J Lim Bldg., Tiano Brothers to theP &captured individuals Kalambagohan Sts., whose inputs will also* be put Tel. # (08822) 727-829 # (088) 856-1947 in,” theTelefax President said.

CAMIGUIN BRANCH “Their statements are B. Aranas St., Poblacion, Mambajao, Tel. # (088) beingCamiguin collated; the387-0491 evidence is being CORRALES collected and at the BRANCH Corrales Ave., Cagayan de Oro City end of the day, we hope to file DIVISORIA BRANCH a very strong case against all Atty. Erasmo B. Damasing Bldg., #61 Don A. St., Cagayan de Oro City the of theVelez people involved,” Tel. # (088) 857-3631 President said.

Spot...

LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739

from pageCARMEN 1 BRANCH

Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

Tourism Authority (PTA), and the Department of Tourism (DOT) to be part of the province’s ambitious dream of transforming Misamis Oriental into the tourism capital of Northern Mindanao.

“I dreamed of Misamis Oriental as an irresistible tourist destination in the coming years. The dream would be next to impossible without the commitment of stakeholders to lend support,” Emano said.

He said that the province has about 50 alluring tourism sites: “When fully developed (these) would certainly earn a gem for Misamis Oriental in the country’s tourism roadmap.”

Among potential tourist spots include hot springs, enchanted waterfalls, rivers for white water rafting, natural mountain resorts, white sands and beaches, diving spots, outdoor adventures and sports, he said.

Emano urged stakeholders in the public and private sectors to grab the opportunity

11

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in the development of some of the province’s exciting tourist spots.

“There is so much at stake.

Any tourist stakeholder is assured of the provincial capitol’s full support,” Emano said.

Emano said that a fully developed tourism industry would alleviate Misamis Oriental’s economy as the downstream economy flexes its muscles without sacrificing the province’s environment and bio-diversity.

A fully developed tourism industry would also lead to the fulfillment of multifaceted economic factors such as addressing unemployment and criminality, higher family income, clean and protected environment, and more revenue for Misamis Oriental, he said.

Emano expressed the optimism that the two-day tourism summit would deliver tangible results that would lead in moving the province’s tourism industry toward greater heights in the future.

“This is not the first meeting since we would be together in the next three years, or more, to fulfil a dream that everyone so desires to accomplish while attempts of other administrations in the past failed,” Emano added.

(PNA)

Supply... from page 1

Power facility in Bataan had so far exhibited lower price compared to existing generation facilities which were covered by supply contracts under the independent power producer (IPP) regime.

The generation rate of that coal plant, he said, is at P4.00 per kilowatt-hour (kWh) – but he just made simple comparison to the Panay thermal plant in Visayas, of which tariff has been set at P6.88 per kWh. From that, extrapolations were set that the entry of coal plants could be one way to bring down power rates in the country.

Petilla said “the newer plants that are coming are coal plants … we have a way of lowering power rates in the country.” That in his view, plus the proposed “tightening of contracts” between the power generators and distribution ut i lit ies wou ld b e t he government’s bet on easing electricity prices in the future.

What the energy chief missed in that explanation, however, is the diversity of technology deployments that might be serving the electricity requirements of various grids.

Supply contracts also are negotiations between parties without necessary intervention from the State.

CDO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947

DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631

CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491

LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739

CORRALES BRANCH Corrales Ave., Cagayan de Oro City

CARMEN BRANCH Vamenta Blvd.,Cagayan de Oro City Tel. # (088) 231-2011

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