BusinessWeek Mindanao (October 8, 2013)

INSIDE LOOK

CAB approves rebranding of Zest Air into Air Asia Zest

President Aquino underscores importance of inclusive growth Economy

Corporate World

PAGE 14

PAGE 15

Rice, corn stocks up in September Agri-Business

End-Sept forex reserves just enough to pay for a year’s worth

PAGE 16

Banking & Finance

MINDANAO DAILY NEWS SECOND SECTION

www.businessweekmindanao.com

Market Indicators As of 6:16 pm Oct. 7, 2013 (Monday)

FOREX

PHISIX

US$1 = P43.09

6,443.21 points

4 cents

X

52.73 points

X

Briefly Oil price cut INDEPENDENT oil players will adjust prices of their fuel products starting 6am today in line with the movements in the international petroleum market.

Seaoil Philippines Inc. said it will implement a P0.55 per liter cut on the prices of its gasolines Extreme 97, Extreme 95, and Extreme U on October 8, 2013.

However, price of the Exceed diesel will go up by P0.35 per liter during the same time.

Also, PTT Philippines Corp. said prices of its gasolines namely Performa, Superb, and Eco Gas will be slashed off P0.55 per liter while the price of Dynamic diesel will go up by P0.35 per liter.

Petron said price of its gasoline products will be cut

by P0.35 per liter while price of its diesel will increase by P0.35 per liter.

Uncertified products THE Department of Trade and Industr y (DTI) discloses 20 companies that have been found selling uncertified products.

Ac c ording to Almer R .

Masillones, head of Consumer Welfare Division of DTI Misamis Oriental, these companies are based in the National Capital Region (NCR) and Region III Central Luzon.

She said that DTI head office found various traders from NCR and Region III selling products that did not undergo the Product Certification Scheme of DTI’s Bureau of Product Standards (BPS). Among these uncertified pro d u c t s were m oto r c yc l e helmets, LPG cylinders, flat glass, galvanized iron and black iron pipes and equal leg angle steel bars.

PAGE 20

Monday - October 8, 2013

YOUR LOCAL ONLINE BUSINESS PAPER

RELIABLE

Environment

PAGE 17

BusinessWeek MINDANAO CREDIBLE

Duka Bay Resort pioneers coral rehabilitation efforts

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

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

IN-DEPTH

Page 13

World Bank raises growth forecast for Philippines THE World Bank on Monday upg raded it s econom ic grow t h forecast for t he Philippines for this year, seeing nearly seven percent growth over the next two years.

In its East Asia a nd Pacific Economic Update, the Washington-based lender said the Philippine economy, as measured by its gross domestic product (GDP), would grow by seven percent

this year, up from an earlier projection of 6.2 percent made last May. Philippine GDP grew by 7.6 percent in the first half of the year, exceeding the government’s target of 6-7

percent for the entire 2013.

“Amid the challenging global environment, the Philippines is expected to sustain higher growth in the medium term,” the World Bank said.

For 2014, t he lender forec a st g row t h of 6 .7 percent, also higher than the previous forecast of 6.4 percent. In 2015, GDP growth is expected to pick up to 6.8 raises/PAGE 23

Aboitiz’ ‘coal dome’ to contain emission

By NELSON V. CONSTANTINO, Editor-in-Chief and BONG D. FABE, Correspondent

D

AVAO City – The Aboitiz Power Corp. will be using an environmentfriendly technology in one of its two-unit 300-megawatt coal-fired power plant currently under construction in between Brgy. Binugao, Davao City and Brgy. Inayawan, Sta. Cruz, Davao del Sur.

The P25-bi l lion coa l pla nt, which w i l l be operated by Aboitiz Power’s subsidiary Therma South Inc. (TSI), is expected to start commissioning by the last quarter of 2014 and fully operational by 2015. One

of its two 150-mw units, is a fully-enclosed but wellventilated “coal dome” to secure and contain its coal supply.

I n a s t at ement , t he company said building a aboitiz/PAGE 23 ‘COAL DOME’. Full-blast construction of the ‘coal dome’, one of the two units of Aboitiz Power Corp. 300-MW coal-fired power plant under construction in Brgy.

Binugao, Toril District, Davao City and Brgy. Inayawan, Sta. Cruz in Davao del Sur. The coal dome is an essential part of a “clean-coal” technology. mindanews photo by froilan gallardo

Mindanao facing power supply glut?

By MYRNA VELASCO, Contributor

FISHING NET. Fishermen repair their nets at a sandbar known as “vanishing island” off Samal Island. The “vanishing island” is a popular destination among island hoppers and tourists. mindanews photo by toto lozano

WITH sprouting power plant investments in Mindanao, the Department of Energy (DOE) is now raising the specter of possible oversupply in the grid.

Energy Secretary Carlos Jericho L. Petilla primarily c aut ione d d i s t r ibut ion utilities in the area to be prudent in their contracting strategy so they will not

burden their customers with costs relating to capacities which may go beyond their actual demand.

“That’s why I’m warning them (power utilities), do not supply/PAGE 23

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776

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

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

Economy

monday | October 8, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

President Aquino underscores importance of inclusive growth BALI, Indonesia -- President Benigno S. Aquino III underscored the importance of inclusive growth or the task of government to ensure that everyone benefits from a country’s economic growth, saying that “inclusiveness matters because it ensures the stability of societies, and consequently, the sustainability of growth.”

In his remarks at the 21st Asia Pacific Economic Cooperation CEO Summit Conversation with Leaders entit led “W hy Inclusive G r ow t h M a t t e r s ,” t h e President st ressed t hat including all to pitch in for a country’s economic growth empowers people to become contributors to

nation building. “ The cha l lenge for governments has deepened: W h e n i n t h e p a s t we gravitated towards metrics that reflect merely the wealth collectively amassed by an economy, more and more the task of governments has become ensuring that this wealth is not concentrated

in the hands of the few, but rather that it is equitably utilized to raise levels of human development. In this manner, we engender a situation wherein the broader base of society can benefit from opportunities opening up t hrough economic growth,” the President said.

“Without these factors, a n at ion m ay p e rh ap s e x p e r i e nc e p e r i o d s o f cyclical growth; any progress, however, will be prone to disruption. Because so long as a society has reason to clamor for change—whether due to a pervading sense of inequality, growth/PAGE 21

Calata partners CEOs given challenging development goals at APEC with China’s top feed producer to expand business MANILA -- Agricultural product distributor, Calata Corporation, is aggressively pursuing business expansion in the country with new partner, New Hope Group (NHG), one of the largest feed producers in China.

In a disclosure, Calata said the partnership with NHG is expected to increase their revenue streams in agribusiness.

“By virtue of its ever aggressive business initiatives, in the coming years, the company envisions that it shall likewise be the leader in the agribusiness sector in the Philippines,” it said.

With annua l sa les of around $ 8.8 billion, the 30-year-old NHG is one of the largest feed producers

and suppliers of meat, egg and dairy products in China.

NHG has established eight overseas plants in Vietnam, Bangladesh, Philippines, Bengal and Indonesia.

It operates agribusiness in China and abroad with more than 400 subsidiaries and over 80,000 employees and is highly evaluated as the successful enterprise for overseas investment both by Chinese government and local governments overseas.

On t he ot her ha nd , Calata Corp. is the biggest distributor of agrochemicals, feeds, fer t i lizers a nd veterinary medicine in the country.

Calata earlier tapped Fra nch ise C or p. of t he Philippines, acknowledged expand/PAGE 21

BALI, Indonesia -- Indonesia’s pr e s i d e nt pr e s e nt e d a challenging to-do list for Asia Pacific Chief Executive Officers (CEOs) here on Sunday, insisting that APEC grow th was essential to maintain global development momentum.

Add ressing t he Asia Pacific Economic Cooperation (A PE C) C E O s u m m it , Indonesian President Susilo Bambang Yudhoyono made clear the steps that need to be taken for members to achieve growth for themselves and the rest of the world.

Yudhoyono said that stronger cooperation between companies in the APEC region could be a way to cushion or avoid a downturn, as now the development patterns are mixed around the world, where some developed countries are returning to growth but some leading developing countries are facing a slow-down.

He c a l led on A PEC members to prevent protectionist policies, and continue on the path of trade liberalization in ways that

improve the well-being of citizens.

“APEC economies remain a crucial source of global growth. According to the IMF, as a group, APEC is expected to grow by 6.3 percent in 2013 and by 6.6 percent in 2014 which is more than twice the world average,” he told the gathering.

At present, A PEC econom ies accou nt for 54 percent of global gross domestic product and 44 percent of global trade. Within the region, moreover, trade has grown nearly seven-fold since 1989, reaching over 11 trillion U.S. dollars in 2011.

“In the past 25 years, average tariffs in APEC have declined by close to 70 percent. The cost of conducting business across borders decreased by two successive rounds of 5 percent tariff reductions: resulting in nearly 59 billion US dollars of savings for businesses,” he added.

“All this shows that with its combined potential, APEC is in the ideal position to help

the recovery of the global economy. Therefore, APEC members--through individual and collective measures--must put extra efforts to promote growth.”

Stimulating investment, improving infrastructure, tackling supply chain issues, creating jobs, equitable growth and financial stability were also included in his list of goals that CEOs need to work on.

The Indonesian President also made a strong case for sustainable development, pointing out that by 2045 there will be 9 billion people

worldwide, with much of this population in the Asia Pacific region, placing a great burden on the supply of energy, food and water.

“Our efforts should focus on economic empowerment, engagement of stake-holders, enhancement of SMEs’ global competitiveness through innovation and tapping women’s productivity in the economy. “ He also noted that it is critical to ensure financial inclusion, strengthen food security and improve access to health services. (PNA/ Xinhua)

ADB eyes up to US$ 1M grant to PHL for establishing earthquake insurance MANILA -- Manila-based Asian Development Bank (A D B) i s c o n s i d e r i n g giving some US$ 500,000 up to US$ 1 mi l lion technical assistance grant to the Philippines to help establish a private sectorled earthquake insurance entity in the country.

ADB Country Director for the Philippines Neeraj Jain said they are in talks with the Insurance Commission (IC), the Department of Finance (DOF) and the National Economic and Development Authority (NEDA), among others for this endeavor.

“We’re looking to increase the grant because we want to continue this dialogue, this analysis,” he said.

Jain said t hey are considering to follow the ea r t hqua ke insura nce system of Turkey, which was implemented after parts of the transcontinental country

suffered from this natural calamity.

Aside from a privateled earthquake insurance entity, Jain said another opt ion is to pool f unds from both the public and private entities.

The ADB official said these options are still being studied with the goal of diversifying the risks.

He explained that an earthquake-related incident ne e d s to b e a d d re s s e d i m m e d i a t e l y, t hu s , a n insurance program for this needs to be able to disburse fund as soon as needed.

“Clearly it’s a different business model and a lot of work needs to be done to sort of make this happen,” he added.

The Philippines is among the countries that normally ex perience ea r t hqua kes because it is near the Pacific Ring of Fire. (PNA)

monday | October 8, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

CorporateWorld

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

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

CAB approves rebranding of Zest Air into Air Asia Zest ZEST Airways Inc will soon operate under the brand name Air Asia Zest.

Jollibee going to Indonesia, Canada FASTFOOD giant Jollibee F o o d s C o r p. ( J F C) i s expanding into new territories including Indonesia next year and Canada in 2015, catering to both the local population and Filipinos overseas.

Tapping new markets is in line with the company’s goal of becoming Asia’s largest homegrown quick service restaurant chain, an executive said.

“We ju s t op ene d i n Houston, Texas. Our next target is to open in Chicago and near future Toronto,

Canada. It will be our first in Canada,” JFC chief operating officer Ernesto Tanmantiong said in an interview.

Closer to home, Indonesia i s i n t he r ad a r for a n expansion program early next year, Tanmantiong said.

Late last mont h, Philippines’ largest fastfood chain posted an opening day record in its Houston branch. More than 5,000 Filipinos flocked to the first JFC branch in southern US, more than a thousand jollibee/PAGE 21

Elben Moro, hearing division chief of the Civil Aeronautics Board (CAB), said the regulator approved the joint branding of Zest Air and Air Asia Philippines.

She said CAB already endorsed to the Securities and Exchange Commission (SEC) the rebranding of Zest Air. Maan Hontiveros, chief executive of Air Asia Inc, earlier said the rebranding was aimed at standardizing the operations and logo of the two airlines.

C A B a l s o approve d the marketing agreement between Zest Air and Air Asia, allowing both to cross-

sell flights.

The Philippine unit of Southeast Asia’s largest airline had suspended operations in Clark to support Zest Air’s operation in Manila.

Air Asia Philippines had infused $30.5 million into Zest Air, which recently incurred losses because of a four-day suspension i mposed by t he Civ i l Aviation Authority of the Philippines.

Zest Air had said losses reached P70 million a day, or about P280 million during the four-day suspension.

The fresh money from Air Asia Philippines was on top of its investment in Zest

Air. E a r l i e r, A i r A s i a Philippines completed its acquisition of 49 percent of the voting rights and an 85 percent economic interest in Zest Air. The transaction, which

was completed in May 10, also includes the acquisition of 100 percent of the shareholdings in Asiawide Airways Inc. In exchange, Zest Air owner Alfredo Yao will get a 13 percent stake in Air Asia Philippines for $16 million.

VISTA Land & Lifescapes cont i nues to w iden it s geographical reach with new projects in different provinces on Panay Island.

The company, which has established its presence in 31 provinces and 63 cities and municipalities in the Philippines, plans to spend as much as P20 billion for capital expenditures this year to take advantage of the robust demand in housing.

Panay Island, with its f ive provinces of Iloilo, Antique, Aklan, Capiz and Guimaras, is one of the prime tourist destinations in the country, including worldfamous Boracay island resort.

At the same time, these provinces are undergoing progressive urbanization, opening opportunities for entrepreneurs as well as for people looking for places to grow their families and

secure their future.

Camella, Vista Land’s subsidiary that caters to the mid-market segment of the housing market, already has two projects in Iloilo: Savannah and Camella Iloilo, which are fully occupied.

In Guimaras, known for its beaches and mangoes, Camella has developed a resort-themed property. It is also eyeing Antique as site of its next development.

Camella, recognized as the most famous housing brand in the Philippines, is now expanding heavily in Aklan with the 11-hectare project in Barangay JoyaoJoyao in Numancia, right at the heart of bustling Metro Kalibo, Aklan’s capital.

T he C a me l l a A k l a n project is an easy 10 minutes from central Kalibo, giving residents access to the schools, vista/PAGE 21

Vista Land boosts geographical expansion

k e e W s s e BM IuNsDiAnN A O

PER LINE BUSINESS PA m co o. kmindana

YOUR LOCAL ON

www.businesswee

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

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

AgriBusiness

monday | October 8, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Rice, corn stocks up in September THE country’s rice stocks in September climbed by 6.1 percent year-on-year to 1.53 million metric tons (MT), the Bureau of Agricultural Statistics (BAS) announced Monday.

H o w e v e r, t h i s r i c e inventory which is enough for 46 days, is 17.7 percent lower than last month’s 1.86 million MT. NFA holds 500,000 MT which represents 32.4 percent of the total rice stocks.

On the other hand, stocks in the commercial sector are at 500,000 MT comprising 32.6 percent and household with 540,000 MT comprising 35 percent of the current stocks.

Household and commercial stocks both posted increments year-on-year while NFA stocks dropped by 4.8 percent.

Month-on-month, household, commercia l, and NFA stocks posted decrements.

Volume of NFA rice stocks fell by 22.2 percent month-onmonth while commercial and household stocks declined by 14.7 percent and 15.9 percent, respectively.

Meanwhile, corn stocks in September surged by 30.1 percent year-on-year to 267,400 MT from 205,500

MT. The previous month, corn inventory was pegged at 141,800 MT, jumping by 88.6 percent.

This month’s corn stock level in all three sectors posted increments month-on-month and year-on-year.

Mont h-on-mont h,

household stock s g rew by 223.2 percent, N FA depositories by 85.2 percent, and commercial warehouses by 6.6 percent.

Compared with last year’s levels, household stocks went up by 24.3 percent and commercial warehouses by 27.5 percent.

DA-12 eyes development of more DA sees more model farms, farmer-achievers rice export GENERAL Santos City -- The Department of Agriculture (DA) in Region 12 is pushing for the development of model integrated farms in the region following the success of one of its adaptors in this year’s prestigious National Gawad Saka Search.

Amalia Jayag-Datukan, DA Region 12 director, said Monday they were adopting such strategy as part of their ongoing efforts to develop more farmer-achievers or model farmers within the region’s four provinces and five cities.

Region 12, which is also known as the Soccsksargen Re g ion, c ompr i s e s t he provinces of South Cotabato, Sultan Kudarat, Sarangani, North Cotabato and the cities of General Santos, Koronadal, Tacurong, Kidapawan and Cotabato.

The official said one of the region’s initial model farm adaptors -- Leonardo Primne Jr. -- recently won the top prize in the 2013 National Gawad Saka SearchOutstanding Fisherfolk (fish culture) category.

Primne is a tilapia grower from Banga town in South Cotabato.

T he fa rmer-achiever mainly relies on tilapia production for income but has ventured in the last several years in selling fingerlings and ornamental fishes.

Primne has been also raising livestock like cows and goats and has a small poultry venture at his farm.

He i s c on s id e re d a “Magsasakang Seyintista” or farmer-scientist after his two hectare-farm was chosen as by DA-12 as a model farm under its Palayamanan

program.

Datukan said Primne is set to receive a Presidential citation and a cash award of P150,000 from the Bureau of Fisheries and Aquatic R e s ou rc e s (BFA R) for winning the Gawad Saka.

Aside from Primne, two other entries from Region 12 were adjudged as winners in the National Gawad Saka Search.

They were Dr. Melchor Serquiña in the Outstanding Coconut Farmer category and Dr. Cayetano Pomares in the Outstanding Agricultural Scientist category.

Datukan said they’re hoping that the three winners will inspire other farmers in the region to venture into innovative farm practices and worker harder to become farmer-achievers as well later on.(PNA)

CONFIDENT of hitting its rice sufficiency target of more than 18 million metric tons this year, the Department of Agriculture (DA) is now set to expand its overseas market for priority export products, including fancy rice.

The move, according to DA Secretary Proceso J. Alcala, forms part of the agency’s strategic AgriPinoy framework that methodically focuses on strengthening the country’s agricultural capability, developing its global competitiveness, and subsequently expanding its market reach overseas, all geared for inclusive growth, which pertains to economic improvements of all sectors, particularly the poor.

“Aside from fancy rice, being geared for exports are pork and poultry, tuna and seaweed, corn, cacao, export/PAGE 21

THE chairman of the Senate Committee on Agriculture and Food believes there is no rice shortage based on statistics provided by the Department of Agriculture.

She is Sen. Cynthia Villar who has been conducting an inquiry on the rice supply in t he cou nt r y a nd t he roles of the Department of Agriculture and the National Food Authority.

Banking on the assurances of Agriculture Sec. Proceso J. Alcala, she believes the country has sufficient rice supply. Alcala had projected that the rice output could hit the 20 million tons this year.

On the other hand, NFA administrator Orlan Calayag stressed that the country has a total rice buffer stock of 1.7 million metric tons which is enough to last for 51 days. By that time, there

would be enough of the new rice crop that will start to be harvested shortly.

While there may be rice production shortfall due to t he recent t y phoons, Calayag said the country was still on track to rice self-sufficiency as the NFA

had 2 million metric tons carryover inventory last year.

However, Villar believes there is still a need to revisit existing strategies as well as policies and programs regarding rice self-sufficiency goals.

She also cited the need

to reexamine the national supply thresholds, standards, r u les a nd reg u lat ions controlling the country’s rice production and supply stabilization initiatives.

“It is fitting that we make an assessment of how far villar/PAGE 21

Villar believes no rice shortage

monday | October 8, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Banking&Finance

End-Sept forex reserves just enough to pay for a year’s worth of imports THE Philippines’ foreign exchange reserves grew last month, allowing the country to pay for nearly a year’s worth of imported goods and services, the Bangko Sentral ng Pilipinas (BSP) said yesterday.

In a statement, the BSP said the countr y’s gross international reserves (GIR) climbed to $83 billion at endSeptember from $82.9 billion at end-August. Compared with a year ago, the endSeptember GIR was $1 billion higher.

A l t e r n a t i v e l y, t h e country’s end-September GIR would allow it to pay 8.7 times over its short-term foreign debt based on original

maturity, or 5.7 times over the same obligations based o n r e s i d u a l m a t u r i t y.

Residual maturity includes debt payments on long-term obligations falling due within the next 12 months.

An a mple GIR helps

prop up the peso and keep domestic inf lation at bay.

I n f l at ion aver a ge d 2 . 8 percent in the first nine months of the year, or well below the lower-end of the BSP’s full-year target range of 3-5 percent.

WB lowers growth outlook for East Asia MUMBAI, India -- The World Bank cut its 2013 growth forecast for East Asia’s developing countries on Monday, reflecting regional powerhouse China’s slowdown plus the looming end of the United States’ cheap-money stimulus policy.

The international lender said it expects the region’s emerging economies to grow by an average of 6 percent this year, down from its April prediction of 6.5 percent.

China was forecast to expand by 7.5 percent, lower than the 8.3 percent April out look . T he world ’s second-la rgest economy’s rapid acceleration is slowing as it shifts to an economy driven by its own consumers instead of mostly exports, and growth hit a two-decade low in the second quarter.

Other developing Asian economies have been hit by weaker demand, plus worries that the U.S. will pull back its loose monetary policy that has poured funds into emerging markets.

Lower global commodity prices and wea ker-than-expected export grow th have also slowed growth in larger middleincome countries including Indonesia, Malaysia and Thailand, the World Bank economic update said. The Philippines, though, was forecast to continue its surge of the past two years with a forecast expansion of 7 percent, nearly double the rate of two years ago.

Asia’s developing economies are slowing

even as growth has finally picked up in the U.S., Europe and Japan, which should provide some boost to export-sensitive countries that have been hurt by weak demand in their biggest markets.

Many emerging economies also face the prospect of the U.S. Federal Reserve policymakers scaling back their monetary st i mu lu s prog ra m t hat ha s i njec ted money into developing countries where returns are higher. Hints that the Fed might start to scale back the $85 billion in bonds it buys each month as soon as September rocked developing countries’ financial markets and weakened their currencies over the summer as foreign investors started pulling funds out on the expectation of higher returns back home.

The Fed has delayed its “tapering” of the stimulus, but with advanced economies’ growth finally picking up, the end of cheap money is inevitable.

Bert Hofman, the World Bank ’s chief economist for East Asia and the Pacific, said the delay gives countries “a second opportunity to take measures to lower risks from future volatility.”

He urged countries to reduce reliance on short-term foreign currency denominated debt and to enact structura l reforms such as improving infrastructure and investment climate to lure back investors once the U.S. stimulus incentive dries up.

BSP opens window for OFWs to convert Egyptian currency THE Bangko Sentral ng Pilipinas (BSP) will open a currency exchange facility (CEF) to allow overseas Filipino workers returning home from Egypt to convert money they brought with them into pesos.

The Monetary Board last week approved the establishment of the fifth CEF, which is intended to assist OFWs displaced by the conflict in Egypt.

This facility will allow OFWs and their families to exchange Egyptian pound (EGP) into Philippine pesos t hrough t he BSP head office, its regional offices

and branches, as well as authorized agent banks (AABs).

“Under this facility, Egypt-based and family members will be allowed to exchange their Egyptian pounds into Philippine peso up to P10,000 per eligible person,” BSP Governor Amando M. Tetangco Jr. said.

At present, the Egyptian banknotes are not convertible to pesos.

To date, the BSP has assisted thousands of OFWs under five CEFs: the 1990 Kuwait - Iraq war; 2003 US - Iraq war; 2006 Israel

- Hezbollah conflict; and the 2011 Libyan and Syrian conflict.

For the documentary requirements, OFWs and their family members have to present documentary proof of their travel from Eg y pt such as original passport or original or certified true copy of the travel document issued by the Philippine Embassy in Cairo stamped with an exit visa by the Egyptian Immigration.

The CEF will be available for a period of six months reckoned from bsp/PAGE 21

Mindanao Daily 17 NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper

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

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

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

The

CAGAYANTIMES de Oro

LIFESTYLE

monday | October 8, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

The Night Stalker:

Seda Centrio Room Promos only until October 15!

It’s the Holiday Season in Your Urban Lifestyle Hotel in Cagayan de Oro City!

From today till October 15, 2013, enjoy the following room package promotions: Serenity Package for Deluxe Rooms (King/Twin Beds) Only PhP 4,500.00 nett per night for single or double occupancy inclusive of buffet breakfast for registered guest/s and complimentary use of swimming pool, fitness gym, internet connectivity and massage for one/two persons.

October 6, 2013 – The Mindanao Cosplay Summit Cagayan de Oro leg takes off at SM Cagayan de Oro City. Cosplayers all over the city were encouraged to join the various activities that transpired during the afternoon. Activities such as cosplay parade, walk-in cosplay, and the three different competitive categories (Solo cosplay category, group cosplay category, and the pair category which will compete for the right to represent the country on the World Cosplay Summit 2014).

Photo by GLENN PALACIO, MDN Lifestyle Photographer

A Little Tribute to Teachers

O

ctober 5 is World Teachers' Day, so I'm taking this chance to say my endless stream of thank yous to all my teachers in the past. Every one of them have done their part in molding me to be an upstanding citizen (I think) and they have all been fantastic in dealing with my numerous quirks and teenage angst, and turning it into actual usable traits. For that, I And there’s MORE!!! am forever grateful.

But there is one person who For only PhP 800.00 nett per night really pops into my mind each get a Club Room Upgrade and enjoy time I hear the word 'teacher' Executive Club Lounge benefits like allbeing mentioned.

This week's day refreshments, afternoon tea and column article is my way of evening cocktails free at our 11th floor! thanking that one person who truly left a permanent mark in Enjoy Acoustic Night Fridays with Live my life.

Entertainment at Misto Restaurant from A few weeks ago I was 7:00PM to 10:30PM or Poolside Dinner reading Rhonda Byrne's Buffet Al Fresco with Live Entertainment book, The Magic. If you're every Saturday for only PhP 450.00 nett familiar with the best-selling person from 6:30 PM to 10:00 PM and The Secret, The Magic is Sunday Lunch Buffet at Misto Restaurant written by the same person. for only PhP 499.00 nett per person from So anyway, The Magic is 11:00 AM to 2:00 PM. practically about giving gratitude to everything we Walk-in guests can also avail of Seda have in our lives. One of the Centrio’s Daily Buffet Breakfast at Misto chapters in the book talked Restaurant for only PhP 600.00 nett per about the people who made person from 06:00 AM to 10:00AM. you become what you are now.

That was when I suddenly For reservations, please call (088) remembered my grade school teacher. She is one of those 323 8888 or email reservations.cdo@ people I could never ever sedahotels.com and enjoy a firstforget, until probably such hand feel of the urban lifestyle hotel time when Alzheimer’s experience at Seda Centrio! wreaks havoc on my brain Keep posted on their latest promotions cells (I hope not).

We call her Teacher Jean. by visiting the Seda Centrio website at When I started first grade www.sedahotels.com. as an introverted five year old girl, I was amazed and Seda Centrio can be found at totally at awe with her. She Corrales Avenue, Cagayan de Oro City speaks so delightfully and next to Ayala Centrio Mall.

Weekend Treat for Deluxe Room (King/Twin Beds) Only PhP 4,500.00 nett per night for single or double occupancy inclusive of buffet breakfast for registered guest/s and complimentary use of swimming pool, fitness gym, internet connectivity and massage for one/two persons + choice of Saturday Dinner/Sunday Lunch buffet treat at Misto Restaurant for one/ two persons (registered guests)

The Silver Lining

by Janey Montebon Duterte

articulately, and she seems to know the answer to just about everything a little girl could think of asking.

She taught us how to read, patiently reiterated each sound over and over with songs and pictures until we were able to wrap our little heads around the idea. And it worked. The first thing I picked up to read was a newspaper lying in our living room. As I blurted out the words hesitantly, pointing each one with my index finger, I heard my mom give a delighted squeal, excitedly telling my dad that I could already read. I never really stopped reading since.

Aside from Reading, she also taught us Language Arts, English, and Literature. She spoke about it so wonderfully that the subject tugged at my heartstrings and I fell in love with literature myself.

I learned to love it so much that aside from reading voraciously everything I could get my hands on, I was also compelled to pick up a pencil

and start writing stories and essays of my own.

When I was in fifth grade, it was also Teacher Jean who encouraged me to join an essay-writing contest. It was the first time that I joined and won in a writing contest, and that built me enough confidence to pursue writing in high school, college, and the rest of my life.

Ever since she taught me about the beauty of writing, it played a huge role in my life. It became “my thing”, that one little nook I could retreat to when the whole world seems too difficult to make sense of. Writing got me through my angst-ridden teenage years, and it helped me weather out my stormy quarter life crisis. Writing helps me clear out my mind and arrange my thoughts into neat (and sane) little shelves.

And for that, I have Teacher Jean to thank.

We keep hearing how being a teacher is the noblest job.

It truly is. The teachers have in their hands the capacity to guide young lives – to hone them and steer them off into a course that they could pursue their whole lives. That kind of inf luence is quite colossal.

That kind of impact is a heavy burden to carry on the part of our teachers. So to Teacher Jean, to my teachers, and to all the teachers reading this column, I salute you. You are our real heroes and we, your students, will always remember the impact you have in our lives.

Thank you so much and happy Teachers' Day!

monday | October 8, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

The

CAGAYANTIMES de Oro

LIFESTYLE

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

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

Some scenes taken during the weekend Oktoberfest bash at Misto Restaurant of Seda Centrio

Photos by Glenn Palacio, MDN Lifestyle Photographer

Ms.Grace Gift Chua and Ms.Jane Maceda (Candidates of the concluded Ms. CdeO 2013) joined in the festivities during the Oktoberfest bash at the Misto Restaurant of Seda Centrio, October 4 & 5.

WRITECONSULT Consultancy Services

in association with ALSO BROUGHT TO YOU BY

presents

ALIGN YOUR LIFE GOALS WITH PERSONAL FINANCIAL PLANNING Going into business? Expanding production?

Planning to buy a house or car? Thinking of going on a vacation abroad?

We all have dreams and aspirations for the future.

Many go through life hoping they will achieve these goals as they go along. But a significant number fail to achieve their life goals. We are sure they did not plan to fail. They only failed to plan.

That is why we are inviting you to attend the Personal Financial Planning Workshop to help you visualize your life goals and provide ways to attain them on Saturday, 12 October 2013 from 8:30AM to 5:00PM at Seda Centrio Hotel, Cagayan de Oro City.

How the personal financial planning process works: - Analyze your financial fitness - Identify and prioritize your life goals - Identify issues that can deter you from attaining your financial goals - Understand and comprehend the various financial products and investment instruments that are available to help you attain your long-term goals - Learn how you can craft your Personal Financial Plan.

Discounts for couples and groups of five or more. Early bird discount for those who register on or before Saturday, 05 October 2013.

LEARN FROM TWO OF THE COUNTRY’S BEST FINANCIAL ADVISORS! ROLANDO A. ROBLES, R.F.P.

RODERICK T. ENRIQUEZ

Mr. Rolando “Rolly” A. Robles has been involved in the life insurance and asset management for over 30 years. He has been part of the senior management teams of some of the Philippines’ leading life insurance companies. He was also responsible for setting up the asset management company that introduced a now popular family of mutual funds. At present, he is Senior Vice President of a leading life insurance firm.

While his work is focused on leading and managing distribution systems of financial institutions, his advocacy is to improve the financial literacy of the general public. As a Registered Financial Planner (RFP), he is one of the early proponents of personal financial planning in the country.

He has guested in various TV programs to speak on financial literacy and investments, the latest in ANC’s “On the Money” for the episode “Living Below Your Means.”

Visit this link: http://www.youtube.com/watch?v=r4bVMJnTEYY

Mr. Roderick “Rod” T. Enriquez has a sterling track record of over 20 years with five banks all over the country. He earned his Master of Business Administration with academic distinction from the Globis University of Tokyo, Japan where he distinguished himself as the first ever international student accepted from overseas under the Globis International Leader Scholarship. He was also the recipient of a Postgraduate Diploma with Highest Distinction from the JapanAmerican Institute of Management Science in Honolulu, Hawaii under the Fujitsu Asia-Pacific Scholarship Program. He is currently area head of one of the top 5 banks in the country.

For further queries or reservations, please contact :

WRITE CONSULT Consulting Services, Mobile # 0917-714-8484/0999-998-4980 Email: writeconsult74@gmail.com

OUR MEDIA PARTNERS

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

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

Environment

monday | October 8, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Mt. Kitanglad Range Natural Park in Bukidnon wins 3 awards BUKIDNON PROVINCE – The Department of Environment and Natural Resources (DENR) in Region 10 and its partners received three awards for the management and conservation efforts of Mt. Kitanglad Range Natural Park at the first Protected Areas Awards and Recognition earlier in Tagaytay City.

The DENR, under the leadership of Secreta r y Ramon J. P. Paje, initiated the Protected Area Awards and Recognition to recognize key players and their innovative practices in protected area management. The awarding was undertaken during the 4th ASEAN Heritage Parks

Conference hosted by DENR on October 1 – 4 in Tagaytay City. It was attended by policy makers, protected area managers, biodiversity e x per t s , s c ient i s t s a nd other member-states of the Association of Southeast Asian Nations (ASEAN).

D E N R 10 R e g i o n a l

Executive Director Ruth M. Tawantawan with Bukidnon Vice Governor Alex Calingasan, Datu Adolino Saway, Regional Technical Director Belen O. Daba and Provincial DENR Officer Felix Mirasol received the awards for Exemplary work showcasing the elements of a n i nst it ut iona l i z ed organization/f unctiona l Protected Area Management Board (PAMB); Exemplary work showcasing positive actual biophysical improvements over time; a n d E x e mpl a r y wor k showcasing the engagement

with indigenous peoples/ local communities in the protected area management.

“As chair of the PAMB of Mt. K itanglad Range Natural Park, I am thankful for the unwavering support of the local government officials of Bukidnon, local commu nit ies a nd ot her partners. Let us continue to work together to further c on s e r ve , pr o t e c t a n d manage Mt. Kitanglad Range Natural Park for the present and future generations,” Director Tawantawan said.

Secretary Ramon J. P. Paje was represented by

Assista nt Secreta r y for Administration and Finance Corazon Davies during the awarding ceremonies.

Director Tawantawan also thanked the protected a re a s t a f f h e a d e d by the Protected Area Super i ntendent (PASu), PE N RO F e l i x M i r a s o l for their hard work and dedication to their work.

Director Tawantawan is also grateful to Regional Technical Director Belen O. Daba of the Protected Areas, Wildlife and Coastal Zone Management Service (PAWCZMS) and her staffs.

Mt. K ita ng lad was a lso f ina lists for t he Pa r t nership w it h ot her government agencies category, Partnership with Civil Society Organizations category, Partnership with Local Government Category and Partnership with local communities category.

DENR 10 also received plaques for Mt. Kalatungan Ra nge Natura l Park, Bukidnon, as finalists for the partnership with engagement with indigenous people and loc a l com mu n it ies a nd Innovation in Protected Area Management.

Duka Bay Resort pioneers coral rehabilitation efforts

By GERRY LEE GORIT

Representatives of winning companies, from left to right: For the Labor and Employee Engagement category, Magsaysay Maritime Corp. president Marlon R. Roño; for Governance and Society, PT UltraTech Mining Indonesia general manager Rajiv Parekh; accepting the Intel-AIM Corporate Responsibility Award for PT Unilever Indonesia, Sinta Kaniawati, general manager of Unilever Indonesia Foundation; for the Product Responsibility and Consumer Rights category, Manila North Tollways president Rodrigo Franco; and for Environment and Value Chain Management, Smart Communications public affairs head Ramon R. Isberto. (Right photo) Smart merchandising officer Glenna Gonzaga (left) and Mr. Isberto.

Smart bags Asian award for eco-friendly programs

The sustained efforts of Smart Communications, Inc. (Smart) to reduce the impact of its operations on the environment were recently recognized as the best in Asia.

Smart was named winner in the Environment and Value Chain Management category of the Asian CSR Awards 2013, a program organized by t he Asian Institute of Management’s (AIM) Ramon V. del Rosario Sr. Center for Corporate Social Responsibility.

In awarding ceremonies held in Bali, Indonesia, Smart was cited for its “innovative programs and a well-designed value chain,” as well as its use of “core capabilities to enable individuals across its host country in areas

[like] livelihood initiatives to repurpose waste.”

Smart has been implementing the Green Merchandising program, which involves the use of ecofriendly materials for outdoor and in-store advertising and merchandising. Smart has been using recyclable banners and recycled paper for its posters, f lyers, and other materials. It has also utilized stone paper which gradually photodegrades and eventually becomes stone again.

Smart has also engaged partner communities in its drive to optimize its environmental footprint. The company tapped its adopted Gawad Kalinga village in Iloilo – a community of former trash scavengers –

to turn its used tarpaulin materials into a livelihood source. Aside from donating used tarp which are upcycled into bags, tents, and other materials, Smart also provided funding and helped train the residents to effectively manage their livelihood and market their products.

The livelihood program called “Project Zero” has led to an increase in income among community members, and to company savings from tarp retrieval and storage.

Only five companies in the region were recognized by the Asian CSR Awards, which seeks to honor Asian companies t hat embody CSR principles in t heir business philosophy. Other Smart/PAGE 23

CAGAYAN DE ORO CITY Coral reef restoration efforts at the Duka Bay off Medina, Misamis Oriental, through the years since 2001, have resulted in expansion of the underwater garden.

Scuba instructor Eddie Yap of the Duka Reef Divers said their efforts usually bear results within two years.

Ya p s a i d t h e y h ave pioneered a coral planting methodology in Mindanao t hat has produced good resu lts in rehabilitating damaged reefs as well as sustaining a man-made coral garden.

“Now, Duka Bay is one of the top 10 best diving sites in the Visayas and Mindanao,” he said.

He said the area is now a rich habitat for many fishes,

including wha le sharks, groupers, red snappers and even turtles that come to shore to lay their eggs.

“It has become a feeding area for the fishes,” he added.

Yap s a id t he re s or t offers diving services for all levels of diving enthusiasts,

including certified, advanced and upper level.

“We a l s o have nondivers to divers program,” he added.

The program includes sk ills development, k nowledge development duka/PAGE 21

Scuba divers attend to the man-made coral garden under the sea off Medina, Misamis Oriental. The Duka Reef Divers have pioneered a methodology of coral planting whereby results can be achieved within two years.

The site is one of the tourist destinations in the province. photo by gerry lee gorit

Mindanao Daily 21 NEWS

monday | October 8, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Growth...

Expand...

injustice, unfairness, or lack of opportunity—it will find ways to do so. This, perhaps, offers some insight into the question posed to us today: “Why does inclusive growth matter?” First: Inclusiveness matters because it ensures the stability of societies, a nd c on s e q u e nt l y, t h e sustainability of growth,” he added.

“The equation for sustainability is also integral to a second, perhaps, more important aspect. On top of fostering stability, social inclusiveness also empowers citizens to become bonafide economic actors that can productively contribute to nation-building. It allows them to buy into the system, from which they can reap benef its,” t he President further said.

He pointed out that, in the Philippines, his government had focused a substantial a mou nt of t he nat iona l bu d ge t t o f u nd s o c i a l services in education, health and poverty alleviation in advocating inclusive growth.

He said the pro-poor Conditional Cash Transfer (CCT) program now benefits four million families and has even expanded its scope to include families with children in high school as “there is a forty percent i ncrea se i n i ncome for those who finished high school versus elementary graduates.”

T he President a lso sa id t hat prov iding t he opportunity for all Filipinos to learn by giving more c l a s sro om s , te x t b o ok s , chairs and tables; and the introduction of a new school curriculum “will increase the competitiveness of our g raduates in t he g loba l arena.”

“I also signed into law two bills that have languished in Congress for years, not least because of intense lobbying from entrenched interests: The Responsible Parenthood and Reproductive Health Act, which ma ndates access to information on family planning, and the Sin Tax Reform Act, which earmarks increased revenue from tobacco and alcohol into health services. This will certainly accelerate our Universal Health Care agenda, which we continue to aggressively pursue,” the President said.

He noted t hat “t hese a re d i re c t gover n ment interventions that we are pursuing as a proactive way of encouraging the equitable distribution of wealth—part of a concerted plan to ensure that all sectors take part in economic growth and partake in the prosperity it brings.”

“Our task is to ensure that our people have the wherew it ha l to ut i l i z e, a nd i nd e e d m a x i m i z e , the opportunities opening up w it h t he ne w fou nd rev ita lization of our economy,” the President said. (PNA)

as the world ’s leader in franchising, to develop a franchise program for the company.

To expand its business, the company has planned to initially establish around 1,0 0 0 ag r i reta i l stores nationwide, in addition to its existing 116 stores in Luzon.

Calata is also exploring the possibilities of introducing its “Ag ri ” bra nd to t he international market.

It been t apped by A rgent i ne a g r ibu si ness compa ny Ag roser v icios Humboldt S.A. to be the exclusive dist ributor of its farm products in the Philippines. (PNA)

from page 14

from page 14

Jollibee... from page 15

compared with the opening day record of Jollibee Hawaii.

Tanmantiong hopes the company, famous for its signature Chickenjoy and Yum Burger, will continue brea k i ng records i n its overseas store openings.

“We’re focusing where t he Fi lipi nos a re. T hey are crav ing for Jol libee (because) it’s a taste of home,” Tanmantiong said, adding that Jollibee Chicago will open next year while Jollibee Toronto will start operations in 2015.

In Asia, the fastfood giant is targeting to create a presence in Indonesia early next year.

“Indonesia hopefully (we can open) next year. What we plan to do in Indonesia is to find a joint venture partner,” Tanmantiong said.

“For Indonesia, it’s a fried chicken country so we bel ieve t he ch icken joy will f it ver y well in Indonesia,” Tanmantiong said. JFC is developing spicy sauce sambal to cater to the Indonesia taste.

JFC is looking at suppliers for food produc t ion i n Indonesia but the company is also ready to invest in a commissary in the emerging market, Tanmantiong said.

The expansion program signals the continuation of JFC’s corporate strategy of going after Filipinos overseas while also looking at the locals in host countries.

Tanmantiong will become the fastfood chain’s CEO effective July 2014 while cu r rent CEO Tony Ta n Caktiong will remain as the chairman of the board.

Vista... from page 15

hospita ls, busi ness a nd government establishments and commercial hubs for comfortable living. The Dr. Rafael Tumbokon Memorial Hospital, St. Gabriel and St. Jude hospitals are less than nine minutes away.

No more t ha n eig ht minutes from the gate of Camella Aklan are the Aklan Catholic, Aklan Polytechnic and Northwestern Visayan colleges, as well as the Aklan State University. Gaisano Mall is a quick seven minutes

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

away; other fine places of interest are nearby Nadal Castle Hotel & Restaurant, Doña Crispina Beach Resort & Hotel, Museo It Akean and the Bakawan Eco-Park.

Almost right outside the entrance is the public market, and less than an hour away is the Caticlan Port that takes one to the powdery-white sand beaches of Boracay.

A n It a l i a n-i n s pi r e d community, Camella Aklan is built on a circular master plan that radiates from a b e aut i f u l ly l a nd s c ap e d rotunda. The tree-lined avenue t hat stems from the securely guarded and welcoming entrance leads one to a c ol le c t ion of homes in the gentle colors of Mediterranean earth, seashells and sunlight.

At the heart of the center of Camella Ak lan is the Clubhouse, fashioned after an opulent Italian villa, with rooms for functions where residents can come together. Camella Aklan also features rejuvenating open green spaces, parks, gardens and nature paths for biking and strolling. Around the clubhouse are ball courts and playgrounds for keeping in shape plus a swimming pool to enjoy during summers.

Export...

from page 16 mangoes, abaca, bananas, pineapple and other highvalue crops,” Alcala said, citing his directive to all agricu ltura l attachés in the Philippine embassies worldwide to promote those products and repor t on their market development activities.

The export activ ities will be done by the private sector but supported by the DA, its attached agencies and a llied departments.

T hese include t he DA’s Bureau of Agriculture and Fishery Product Standard, the Agribusiness Marketing Assista nce Ser v ice, a nd the departments of Trade and Industry, Science and Technology, and Interior and Local Governments and its constituent local government units.

Such readiness for an all-out export marketing offensive stemmed from the success of the DA’s rural development framework founded in a n agroindustrial base and adopting the AgriPinoy principles and strategies such as food security and sufficiency, sustainable resource base, f a r m-to -t a ble s er v ic e s , i ncrea sed i ncome f rom enhanced productivity and market access, and broad partnership with producers and other stakeholders.

“Nonetheless, the DA cont i nue s it s foc u s on developing the country’s ag ro-indust ria l base with the help of all other agencies involved in rural development such as the departments of Social Welfare and Development and of Labor and Employment, Nat ion a l A nt i-Pove r t y Commission, a nd t he Nationa l Electrif ication

Commission, among others,” Alcala pointed out.

“These agencies ensure that all sectors, particularly the marginalized, gain access to government assistance in getting integrated into the agri-business industry as competent farm professionals and entrepreneurs,” Alcala stressed.

“They (benef iciaries) include, among others, the returning OFWs (overseas Filipino workers) and their relatives, and the indigents under t he cash-transfer program of the DSWD,” Alcala added.

www.johndprovoice.com

Villar... from page 16

along are we in meeting our long-standing goal of rice self-suff iciency and revisit the strategies that the concerned departments and agencies are employing in ensuring that we meet our targets,” Villar said.

“We shou ld l i kew ise exhaust all options to regulate the control on rice supply by the private sector to avoid an increase in its prices,” added Villar as she noted that the year 2013 was designated

by President Aquino as the “National Year of the Rice.”

Villar also noted that u nder t he Phi lippi ne Development Plan 2011-2016, food security and raising the income of farmers are the agriculture sector’s ultimate goals.

CAGAYAN DE ORO MAIN BRANCH 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 CORRALES BRANCH 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 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

BSP...

from page 17

the effectivity date of the implementing circular or 15 days after publication.

T hose who ret u r ned from Egypt starting August 15 onwards can exchange their EGP for pesos until the facility closes.

OFWs in Egypt sent home $45 million in January to July this year, a drop of 67 percent compared to $126 million in the same period last year.

Duka... from page 20

and actual dives as well as fish feeding.

The dive sites range in depth from 30-40 feet for i nt roduc tor y d ives a nd 80-100 feet for the more experienced.

A “Paradise Garden” can be found at 110 feet.

Yap said a favorite spot is the volcanic crater at 80 feet which has several overhangs.

Div i ng equ ipment is available for tourists who come without gear.

The tourists and all divers here are taught how to plant corals as part of the dive. “ They leave hig h ly satisfied,” Yap said.

“The scenery underwater is tota lly different from that on land. Within 10 minutes, you can see more than a hundred times the number of living creatures you would see on land,” he added.

Duka Bay Resort last week hosted the 1st Misamis Oriental Tourism Summit organized by the provincial government.

Pryce Plaza Hotel Carmen Hill, CDO, Tel. No.722791 to93/858-4537 E-mail:reservations@pryceplaza.ph

---------------------------------

CHANANTHON BED & BREAKFAST CM Recto Avenue, Cagayan de Oro City Tel. #: 856-81-89 / 309-3095 / 231-2103 Email ad : chananthonbb@yahoo.com Room @ P800.00

COMMERCIAL SPACE FOR RENT

CONTACT PERSON: RAYLYN LANTACA

---------------------------------

NEW DAWN PENSIONNE Velez-Macahambus Sts, CDO Tel Nos. 8571776, 721776 email : gchreservation@yahoo.com

Fun Page

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

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

monday | October 8, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Barretto patriarch calls Gretchen, Marjorie, Jay-Jay ‘bullies, hypocrites’ If before Gretchen and Marjorie Barretto only had to field the tirades of their younger sister Claudine against them, now the two older Barrettos has added a new person to defend themselves from—and that is no less than their father, Miguel “Mike” Barretto.

In what seemed like a soap opera unfolding, the plot has now thickened in the legal battle between couple Claudine and Raymart Santiago as it has now tangled even the latter’s family into the fray.

During a taped interview aired on The Buzz on Sunday, Mike expressed extreme disappointment over the purported meddling of his three other children, namely: Gretchen, Marjorie and Jay-Jay into the rift.

The Barretto patriarch is alluding to the sworn statements given by the aforementioned three which was included on the recently-released counteraffidavit of Raymart.

“Ang masakit ewan ko bakit nakikialam sila. Away pamilya nilang dalawa ‘yan ewan ko bakit nakikisama sila. Pinakiusapan ko na sila, hindi ko alam bakit ayaw nilang making. Gusto nila ang masusunod,” lamented Mike.

He even chastised how the three are “righteous on the outside” when “inside they are hypocrites and evil doings ang ginagawa nila,” Since the older Barrettos, according to him are ganging up on Claudine, Mike said they had to choose their “pinakamabait na anak.”

“Alam mo si Claudine, pinakamabait sa lahat sa kanila at saka binu-bully

clifford’s

Daily HOROSCOPE AQUARIUS (January 20 – February 18) - Your deepest emotions are rising to the surface today -- which could be surprising or embarrassing if you don’t pay careful attention. It’s a good time for you to check in with family members.

PISCES (February 19 – March 20) - You feel somewhat unsure of yourself -- but that’s not such a terrible problem. You basically feel good, so as long as you are working with comfortable situations, you should do just fine.

ARIES (March 21 – April 19) - Your emotional side is causing some friction today, but it’s nothing too dramatic. You may just have to cope with some stray baggage that you thought you had checked long ago.

TAURUS (April 20 – May 20) - Your feelings run really deep today, so make sure that you’re paying close attention to them. You may find that you’re being pointed subtly in a new direction. Go for it -- now is the time!

GEMINI (May 21 – June 21) - Explore your health today -- unless you’re having a specific problem, in which case get on top of it as directly as you can! Your mind is well equipped to handle such matters for the time being.

CANCER (June 22 – July 22) - You are feeling a sense of urgency today as your emotions wreak havoc with your sense of security and safety.

That’s a good thing! You should find that you can motor through this patch in no time.

nila. Sa palagay ko, part of that is sibling rivalry because ang na-attain ni Claudine sa kanyang pagkabata ay hindi na na-attain ng mas matanda niyang kapatid na dalawa,” he said, referring to his two daughters, who joined showbiz, Marjorie and Gretchen.

Truth be told, he even revealed that it was actually the three who worsened their sister’s marital woes. With that he asked them to just mind their own businesses and stay out of the couple’s lives.

“Sinabi namin maso-solve nila ito until pumasok ‘yung mga kapatid.

Then Mrs. [Inday] Barretto had to expose them, masakit ang ginawa ni Mrs. Barretto, she had to expose her own daughter,” he said.

He continued, “Tumigil na sila, layuan na nila kami. ‘Wag na silang kumampi kay Raymart, ‘wag na silang kumampi kay Claudine magtahimik lang sila. ‘Wag na silang manira. Malaki na ang ginawa nilang stress.”

Echoing Claudine’s suggestion for his two sisters to “drop” their surnames if they’re too ashamed to being called a Barretto, Mike scathingly remarked, “Kung kinakahiya nila ang Barrettong pangalan, huwag na nilang gamitin, magpalit sila. Gretchen can use Cojuangco kung papayagan siyang gamitin ang Cojuangco, I doubt kung papayag naman si Tony Boy. Marjorie can use Baldivia (the offscreen last name of Marjorie’s ex-husband Dennis Padilla) if she wants kung kinakahiya nila ‘yung Barretto,”

barretto/PAGE 23

Mindanao Daily News’

Social Section If you like to greet your friends or just wanted to have some text mates through our publications, just text this number : 09269919077 or you can message it to our FB Fan Page ( Mindanao Daily Fan Page ) -- gd day..i wnt 2 publsh my num.im lukng 4 txmt/grlfrn,17-25yrsold.hnstatmba8.wlng mkpgmt.tnx (09358904775) -- hai aftei,! chuby_me d,i koh.frm el salvador citygretnkoangmga.wOrkers,xamOntOnO.s sOuvenir sa divine mercy nga cla erla, ante verjei ug angkOl welmer ,ug xa elng gwapa nga agalOn c ate lalai ,, ngau daun kg txfrnd nga bOy ,ulitawo,lng ,,20+,belOw,kna dle helg mkg met, tnx (09269539103) -- hai gret nka ang akng papa nga kOndOktr xa st,anthOny getagum-bulua liner ,nga c eNGkoy ,ug sa eang driver nga c kua ricky,

tnx and mOr pOwer, -- hi pOh. sa lahat ng bumubuo ng mindanaO daily news. gr8 k) lang pOh ung family and friend’s kO here in dakbayan sa durian. dis is rhyan and i want to find txm8’s ung pa girl at game sa lahat ng bagay.. tnx pO! gOdbless us.

(09123743155) -- gud pm sir..gs2 unta naq ipa publish aq nO. nangitaqmagpatheraphymasage40abOveang age. tnk u mre pOwer. jane (09269457236)

CIRCLE A WORD journey planner

airport arrive book bus car coach delay

detour drive ferry flight leave map motorway plan

port rail return road route sail station taxi

ticket timetable train travel tube walk

HERO REVIEW Tiny the Stone Giant is a melee Strength hero with powerful ganking and killing potential.

Although he starts off vulnerable in lane with his pitiful mana pool and almost non-existent armor, with a few levels, he gets considerably stronger.

His killing power in the early and midgame comes from comboing his two active abilities.

Avalanche engulfs an area in a wave of stones, dealing respectable damage and stunning enemies.

Toss allows Tiny to pick up a random unit near himself and launch it at the designated location up to a hefty distance away, dealing damage to all enemies at the location as well as additional damage to the thrown target if it was an enemy. It can be used to displace an ally within the enemy team, but is mostly used on enemies themselves to deliver massive damage. If chained immediately with Avalanche, it will also double the damage the target takes from Avalanche, allowing Tiny to easily dispatch fragile enemy heroes in a matter of seconds. Although his nuking potential with his two active abilities is already considerable, his passives, Craggy Exterior and Grow turn Tiny into a formidable physical combatant as well. Craggy Exterior provides Tiny with some much needed armor, and gives him a chance to stun enemies

Melee - Disabler - Nuker Initiator - Durable that attack him from too close, making Tiny a potent counter to fast-attacking melee heroes.

Grow increases Tiny's size and provides him a massive boost to his attack damage, movespeed, and Toss damage, at the cost of some attack speed. Aghanim's Scepter is an almost essential item on Tiny since it allows him to permanently equip a tree, giving him extra attack range as well as a powerful cleaving attack. Although Tiny initially lives up to his name by starting off small and weak, much like an avalanche, he quickly grows in size and strength until he becomes a hulking behemoth with enormous health and damage output.

SUDOKU How to play the game?

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

Yesterday’s Answer

of the same digit.

LEO (July 23 – August 22) - Take a second look today -- you’ve got to make sure that you’re not taking the world at face value. Your energy is such that skepticism is more natural than your usual trusting nature.

VIRGO (August 23 – September 22) - You may have some trouble with those who disagree with you today -- but not so much that you burn bridges. It’s a good time for you to check in with close colleagues to avoid any fights.

LIBRA (September 23 – October 22) - It’s time to strive for new depth -- to a relationship, to a job search or to a spiritual undertaking. You can make the most of this emotional energy if you believe in yourself and exercise some discipline.

SCORPIO (October 23 – November 21) - Your magnetic attraction is stronger today, and you should have a much easier time getting a date or a job interview -- or anything else that requires people to take a strong interest in you.

SAGITTARIUS (November 22 – December 21) Your moody side is out in force now, so make sure that you’re not pushing your people too hard. It may be a good time to withdraw for a bit and focus on your interior situation.

CAPRICORN (December 22 – January 19) Your ability to separate yourself from difficult situations so you can analyze them sometimes makes you come across as aloof or detached.

That’s okay! It adds to the mystery as you power through life.

Amazing Facts!

Did you KNOW?? ..

The longest movie made lasts 85 hours and is fittingly titled “The Cure for Insomnia.”

CROSSWORD puzzle

across 35. Old 1. Introductory book 36. Give in 6. Singer Fernandez DOWN 10. Trip by vehicle 1. Fit 11. 3ai_ 2. Frost 12. Augury 3. _of March 13. Affectionate 4. Of the mind 14. Pounding device 5. Governed 16. Balanced 6. Cover with asphalt 17. Assistant 7. Singer Newton John 18. Film spool 8. Window glass 20. Discharged indebted- 9. Affix a signature to ness 15. Lithium symbol 22. Upholstered seat 19. Extensive territory 25. Narcotic drug 20. Pale and light in 28. Squanders color 31. Lanao del Norte city 21. Arid land 32. Rubber object 23. Proprietor 33. Aloe_ 24. Musical tone 34. Arabian ruler 25. Prima donna

26.

27.

29.

30.

Designer Cassini Mild oath Opportune moment Ireland

Yesterday’s Answer

Mindanao Daily 23 NEWS

monday | October 8, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Raises... from page 13

percent.

The World Bank said private consumption, which comprises over 70 percent of GDP, would continue to drive overall growth on the back of sustained remittances and the expansion of the business process outsourcing (BPO) industry.

The doubling of infrastructure spending from 2.5 percent of GDP to five percent by 2016 would drive growth of government consumption, and both public and private investments.

Downside risks to growth include a slower g loba l recovery, uncertainties in advanced economies as the US Federal Reserve removes it s econom ic st i mu lu s , potential asset bubbles in the real estate sector and domestic reform lags.

“Protracted economic slowdown and f inancia l market volatility in highincome countries could slow grow t h t hrough wea ker external demand and large capital outflows,” the lender said.

Going forward, the World Bank urged the government to focus on generat i ng higher, sustained and more inclusive growth -- the type that creates more and better jobs and reduces poverty.

“The cha llenge of su st a i n i ng g row t h a nd creating more and better jobs will have to focus on raising the productivit y of t he major it y of t he country’s workers, which requires increasing overall investments in human and physical capital,” the lender said.

According to World Bank lead economist Rogier van den Brink, the Philippines’ s t rong m ac ro e c onom ic fundamentals -- characterized by low and stable inflation, healthy external balance and stronger government finances -- have shielded the country from the persistent weaknesses in the global economy.

As the recovery picks up in the US, Japan and the Euro zone, with growth accelerating in the second quarter of 2013, developing countries in East Asia stand to benefit because of their high trade shares in the economy, the World Bank said, while adding that they need to be better prepared for potentially disruptive adjustments.

“East Asia Pacif ic continues to be the engine driving the global economy, contributing 40 percent of the world’s GDP growth— more than any other region.

With overall global growth accelerating, now is the time for developing economies to ma ke structura l a nd policy reforms to sustain growth, reduce poverty and improve the lives of the poor and vulnerable,” Axel van Trotsenburg, World Bank East Asia and Pacific regional vice president, said.

For developing countries in the East Asia and Pacific,

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

the World Bank projected 7.1 percent growth for 2013 and 7.2 percent in 2014.

Excluding China, the region is expected to grow at 5.2 percent in 2013 and 5.3 percent in 2014.

projected to hit 484-MW by 2015, enough to cut off power supply to the major cities of Davao, Gen. Santos, Cagayan de Oro, Butuan and Zamboanga, according to the AboitizPower statement.

from page 13

from page 13

Aboitiz...

“coal dome” is in fulfilment to its commitment to protect the environment from the adverse impacts of its coalfired power plant.

Environmental groups like Greenpeace and other church-backed organizations have been opposing t he construction of coal-fired power plants on concerns over human health and the environment.

The “coal dome” is made of non-combustible materials and is designed to minimize the surface area on which dust can sett le. Sensors will also be installed inside the dome to monitor the temperature of the coal as well as detect the location of hotspots inside to prevent spontaneous combustion.

The company said that this is not only necessary but also an essential feature of a “clean-coal” technology that TSI is adhering to because (1) coal is susceptible to spontaneous combustion due to he at i ng du r i ng natural oxidation of new coal surfaces; and (2) coal dust is highly combustible and an explosion hazard.

This type of unit is said to be the first of its kind in the Philippines.

Manuel “Bobby” Orig, Aboit i zPower f irst v ice president for Mindanao affairs, said that construction is about 50% complete, with around 2,000 workers working round-the-clock.

“We are fully committed in delivering our power to our customers on time and help relieve Mindanaoans of the debilitating effects of the Mindanao power crisis,” Orig, who is also TSI first vice president for government and community relations, said in a statement.

Orig said that close to 20 electric cooperatives and distribution utilities across Mindanao will buy power from Therma South.

Despite an expanding economy and population, no major power plant has been built in Mindanao since 2007.

With demand for power increasing and no additional supply, parts of the island suffered from daily rotating brownouts, some lasting from six to eight hours, since 2011.

H a l f of M i nd a n ao’s power supply comes from the hydropower power plants operated by the state-owned National Power Corp., which have become vulnerable to low water supply during summer months or long dry spells.

Besides Therma South, the Alcantara-led Sarangani E n e r g y C o r p. i s a l s o constructing a 200-MW coal-fired power plant in Maasim, Sarangani If not arrested, the power shortage in Mindanao is

Supply...

over-contract, because the problem with oversupply is there is over-contracting,” he said.

The energy chief said he fears a scenario wherein the ‘over-contracted supply’ will eventually be passed on to the end-users.

“When there is overcontracting, to whom will the cost be passed on? So it has to be said,” Petilla stressed.

Detec t i ng costs t hat would account for ‘overcontracted capacity’ will have to test anew the competence of the Energy Regulatory C om m i s s ion (E RC) i n regulating the restructured electricity sector. Failing that, it will be the consumers at the losing end.

By 2015, the power supply of Mindanao will finally reach stable phase – after years of grueling forced power interruptions due to generation deficiency.

Forecasts however indicated that the 500-megawatt capacity from the power projects of Therma South Inc. of the Aboitiz Group and Conal Holdings Corporation of the Alcantara Group may only be able to address demand growth within the timeframe of their commercial operations in 2015 and 2016.

Based on t he energ y department’s projections, the grid will be in need of additional 200 megawatts – but by 2018 yet.

But if the announcements of power plant investments would be taken as gauge, t he pla n ne d c apac it ie s beyond 2015 are ostensibly way higher than anticipated demand growth.

I n p a r t i c u l a r, F D C Utilities Inc. of the Filinvest Group has been eyeing to put up 405-megawatt of multiphased coal project; while the power generation group of San Miguel Corporation had set 300-MW power plant development in Davao del Sur. Ot her companies are similarly pushing forward their planned power facilities in the grid. These are coming on top of the government’s invitation to a Brunei gas company to put up its own power facility in the area.

Smart... from page 20

winners were PT Unilever I n d o n e s i a ( I n t e l -A I M Corporate Responsibility Award), Magsaysay Maritime Corp. (Labor and Employee Engagement Category), PT UltraTech Mining Indonesia (Governance and Society C ategor y), a nd Ma n i la North Tollways (Product Responsibility and Consumer Rights Category). A total of 39 companies in 13 countries were nominated for t he awards.

Barretto... from page 22

she wants kung kinakahiya nila ‘yung Barretto,” Marjorie, Gretchen fire back Marjorie for her part took to her Instagram her reaction to the haranguing of her little sister about the usage of the Barretto last name by posting a screen grab of her Notes which read: “Little girl… Who gave you the right to DICTATE to us…

To ME ‘PALITAN NA RIN NILA ANG APELYIDO NILA’ I am a BARRETTO! I am legally allowed to USE Barretto.

“You are the one that is a Santiago now. I was a Barretto even before you were born. You ARE NOT the head of this family. I don’t take orders from you little girl. I will not take orders from you.”

The said photo was captioned, “Hurtful! You are the youngest in this family but you treat us all so disrespectfully. From the eldest to the youngest you have never respected us. Enough is enough. I have kept my peace all these time.”

“But this is too much. You have hurt me enough to last a lifetime. You can fool the world and make them believe that we are bad sisters. But you little girl... You cannot fool God. In time... We will be vindicated,” she added.

On another Instagram post, Marjorie said: “I am removing all power you have on me to hurt me…

I’m tired of your blackmails. You have caused me many many sleepless nights and I have cried too many tears for you. You little girl… You can not hurt or harm me again. Never again. This is the last time I will cry over you.”

“God is watching,” Marjorie captioned the said photo.

Gretchen, on the other hand, released a very shocking statement via an entertainment website where she corroborated Raymart’s claim about Claudine’s drug abuse and mental condition.

La Greta expressed her dismay over the claims of her father saying that, “It pains me to be depicted by our parents as the ‘bad children’ who are only out to ‘bully’ Claudine.

Everyone knows NO ONE can bully Claudine! No one will dare.”

According to her they never wished the destruction of their sister nor their family and while she could heed her father’s call to just stay out of the issue, she realized that, “Puede akong manahimik pero hindi ako matatahimik.”

She noted that they are “not willing participants in Claudine’s war against Raymart” however she was “forced” to speak out when her younger sister named them in her complaint-affidavit while “weaving her tale of ‘abusive sisters.’”

She likewise underscored that Raymart is “telling the truth.”

What came next was anything like what people expected. It was then that Gretchen reminded her father about how he supposedly staged a heart attack last January 2011 to get Claudine confined at a hospital basement “for her severe drug abuse and mental condition.”

She added that, “The following month, Claudine’s treatment for drug abuse was continued in a private clinic in Chana, Thailand.”

The former Princess and I actress even revealed that their family “for the longest time, struggled with the problem of how to deal with Claudine’s problem.”

But despite all the derisive words thrown their way, Gretchen underscored that they do “care” for Claudine.

“Sadly, they mistake our concern as envy, and our refusal to support their lies as betrayal,” she wrote.

In the end, she said that she’s still “in desperate search” of the Claudine that they used to know.

“In a perfect world when I dream everything and anything is possible, I’d like to believe that I can see the vibrant, loving, caring, generous and beautiful Claudine, come back.

I believe that it is up to my parents to own up to the truth to make this possible.

“It is not important now to point fingers as to who, what, why. We do not need to cover up anyone’s stories or put up a front to avoid shame. We are beyond that. We hear Claudine’s cry for help. Why can’t you?” she ended. push . abs - cbn . com

Spacious Rooms Approx. 4m x 5.5m • Fully Airconditioned • Cable Ready • 21” LCD/24” LED TV • Personal Refrigerator • Hot & Cold Shower • Kitchenette • Intercom • Cabinets/Closets • Free wifi internet • Business Center with Terlephone, Computer & Fax Machine Open for Short Term & Long Term Lease For Reservations Contact Us: 09351842333

facebook.com/jerggyp • jerggy_p@yahoo.com

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

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

Billboard

monday | October 8, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Cagayan de Oro Embarks on an Investment Overdrive Visioning Lures Private Sector to take the Lead

In an unprecedented move to conduct a visioning session with Cagayan de Oro City Mayor Oscar S. Moreno, the Development Bank of the Philippines (DBP) headed by its Chairman Pipo Nuňez and President Gil Buenaventura, hosted a round table no-holds-barred executive powwow Thursday September 26th at the Executive Conference Hall of DBP in Makati City.

Participated by select t e ch n o c r a t s f r o m t h e United States Agency for International Development (USAID) and the Center for Research and Communications(CRC), stakeholders with pure intentions took turns to engage the Mayor on his 8-point agenda for CDO development.

Also present during the session were executives from the private sector, notably Dr. Walter Brown of Xavier Estates, Eric Canoy of RMN Networks, Lito Cruz of IBC TV13, Ma n ny Eng Hu a , Rey Fuentes, Roy Sobrecarey and Ramid P. Gualberto representing Dra. Ochie Pelaez of Paseo del Rio, as well as the city planning officer, and Kagayanons based in Manila. Various business models were put

forward, i.e. a marketing ap proa ch t o br a nd i ng equity to spur positivity, investor-friendly and safe s e t t le me nt s , s t r at eg ic integration of overlapping a nd sh a r e d e c o nom ic catchment basins to create synergistic development, and harnessing the critical role of the city as a big brother to the Northern M i n d a n a o b u s i n e s s Cagayan de Oro City Mayor Oscar S. Moreno (at right) explains his 8-point agenda in a visioning session corridor and gateway to in Makati while DBP Chairman Pipo Nuňez and DBP President Gil Buenaventura (at middle and left, respectively) contemplate on how DBP can integrate its programs to the city’s renewed vision. the south.

While Mayor Moreno challenged the pr ivate sector to do more and take the lead in building a better city on a livework-play environment, DBP Chai r man Nu ňez expressed u nequivocal suppor t for the city as their por tfolio mir rors the national government programs particularly on regional development.

Oroquieta City, MisOcc Partners with GMA Network for its Inug-og Festival I n a recent meeting, Oroquieta City Mayor, Hon. Jason P. Almonte and GMA TV Northern Mindanao, St at ion Ma nage r A r m i Sobre m isa n a , for m al ly sig ned the cont ract for the Inug-og Festival 2013, Witnessed by both GMA and Provincial Government representatives.

I nu g- og Fe s t iv a l i s celebrated every October in honor of its Patron Saint of Oroquieta, Our Lady of the Holy Rosary. “Inug-og” is a Subanen term, native to the people of Misamis Occidental and comes from the word “Ug-ug” meaning to “dance by using stomping feet, and the shaking of the shoulders”. This has become the common steps during the most awaited Street Dancing activity during the festival.

For 2013, this partnership brings you several Kapuso Artists participation and an exciting Kapuso Night in Oroquieta. This October 8, 2013, Kapuso Stars Alden Richards and Mark Herras will be at the Coronation Night of the search for Ms. Oroquieta 2013. For October 12, 2013, The

people of Oroquieta will be entertained with a KAPUSO NIGHT, featuring PYRA stars, Elle Ramirez, Zandra Summers, Jeric Gonzales & Thea Tolentino together with Andrea Torres and Kris Lawrence. And on October 11, 2013, Casts of a new afternoon program PYRA, on a Kapuso Float will join in the Street Dancing Activity.

G M A T V No r t h e r n Mindanao hopes to bring Oroquiet a closer to its Northern Mindanao viewers.

Its participation to the Inugog Festival is most welcome and most awaited says City Mayor Almonte. This is seconded by its Tourism Officer Jay Lorenzo and Ms. Oroquieta Organizer Richly Sobong The biggest and happiest celebration in Oroquieta City will finally come to life.

This event will showcase the harmonious and happy life of the citizens. On top of that, the people will surely be amazed on how the Kapuso Stars bring enjoyment and fun in the City for the first time. Everyone is invited to celebrate with Oroquieta City.