BusinessWeek MINDANAO 2 cents
THE BUSINESSMEN’S NEWSPAPER
2013 ppi’S Best in Business and Economic Reporting
Volume V, No. 53
Market Indicators
As of 6:34 pm oct. 7, 2014 (Tuesday)
FOREX
PHISIX
US$1 = P44.63
7,239.38 points
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12
Rapid market survey SURIGAO City -- The Department of Trade and Industry (DTI) together with the Philippine Association of Black Iron and Galvanized Iron Pipes and Tubes Manufacturers, Inc. has conducted recently a rapid market survey on Black Iron and Galvanized Iron Steel Pipes Philippine National Standards (PNS 26:2004) in some leading hardware retailers in the city. The activity is undertaken to look into the types and quality of steel pipes being sold in the local market as to its conformity in prescribed standards set by the Bureau of Products Standards (BPS). According to DTI-Surigao del Norte Provincial director Celestino Negapatan, it was found out during the monitoring that there are few hardware establishments having investors of steel pipes that did not conform to the product standard under PNS 26:2003 in terms of thickness, zinc coating and the required markings.
Coop month DAVAO del Norte -- The Provincial Cooperative Development Council (PCDC) of Davao del Norte laid down the activities for the Cooperative Month Celebration on October. Engr. Humber Cabunoc, PCDCP secretary, disclosed in an interview that the activities for the provincial celebration of the Cooperative Month are anchored on the local theme, “Collaborate and Innovate Cooperatively.” “For this year, the PCDC deemed to craft a local theme instead of carrying the national cooperative month theme of ‘CO-OPS 2020: Raising the bar,’” Cabunoc said. He said that PCDC chose to have a local theme to attune the celebration with the local flavours and concerns.
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Power business main driver of Aboitiz firms www.businessweekmindanao.com
Wednesday | October 8, 2014
Aboitiz leads AEV’s growth as global player
T
By MIKE BAÑOS, Editor-at-Large
HE continued expansion binge into its power ventures is expected to drive Aboitiz Equity Ventures (AEV) further into robust growth as it marks its 20th anniversary as a publicly listed company this year and consolidates its footing as a player in the global market.
Aboitiz Power President/COO Antonio R. Moraza speaks during the Mindanao Media Party held Oct. 3, at SMX Lanang in Davao City.
“The most significant highlight of AEV’s growth story has been the robust expansion of our power business, especially over the past 7 years, and AboitizPower will continue to spearhead the Group’s future growth,” said Antonio R. Moraza, Aboitiz Power Corporation (APC) President and
Chief Operations Officer, during his keynote message delivered during the Mindanao Media Party 2014 hosted by APC at the SMX Lanang in Davao City last October 3. Moraza said going public in 1994 was intended to fuel our company’s growth and give us
the muscle to attain our business goals. “O u r f o c u s e d s t r a t e g i c initiatives, key acquisitions, strong partnerships and good corporate governance led us not only to create economic value, but also earned us the recognition of being one of the best-managed companies in the Philippines,” he said. “It certainly has been an exciting journey of expansion for AEV, as we continue to build our businesses while staying focused on our mission to create long-term value for all our stakeholders. We ensure that value created also accrues to our customers, our host communities, aboitiz/PAGE 7
IN TIME FOR CONSUMER WELFARE MONTH:
Cepalco drops generation charges By BWM News Bureau
JUST as the country’s biggest utility is again poised to raise its generation charges as a result of the four day shutdown of the Malampaya fueled power plants, Cagayan de Oro’s electric distribution utility dropped its retail prices starting with this month’s billings.
In a statement sent to media, the Cagayan Electric Power & Light Company, Inc. (Cepalco) informed its customers of the reduction of its distribution rates starting with the October 2014 billings based on the Energy Regulatory Commission’s cepalco/PAGE 7
MAN’S TOUCH: While a vendor trims off the stem of Malaysian Mumps, another one carries newly delivered flowers at a flower shop outside the Saint Augustine Metropolitan Cathedral in Cagayan de Oro City, October 4, 2014. mindanews photo by erwin mascarinas
NSC creditors win appeal vs India’s Global THE Singaporean High Court has ruled in favor of the creditors of the National Steel Corp. (NSC) reversing an earlier decision by an arbitration court that favorably granted the petition of the Indian owners of the old and idle steel mills in Iligan City. The high court rendered its decision last July 31, 2014
to an appeal by the NSC creditors against NSC owners — Indian-controlled Global Steel Philippines (SPVAMC), Inc. and Global Ispat Holdings (SPV-AMC). Sources said the Singaporean Supreme Court in its ruling had “set aside” the “partial award” granted by the arbitration court in favor of petitioner Global
Steel and Global Ispat. The high court cited jurisdictional issues. Global Steel and Global Ispat had already appealed the high court’s decision. It could be recalled that NSC creditors led by the Philippine National Bank lost to a case filed by the Indian firms before the Singapore nsc/PAGE 7
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DTI sets activities for Consumer Welfare Month Rising volume, complexity By JASPER MARIE OBLINA-RUCAT Contributor
THE Department of Trade and Industry (DTI) in coordination with the Department of Education (DepEd) and the Department of Energy (DOE) will host a Provincial Quiz Bee on October 10, 2014 at the SM Activity Center, Cagayan de Oro City as one of the activities set in celebration of the Consumer Welfare Month. Pursuant to Presidential Proclamation No. 1098 dated September 26, 1997, the month of October has been declared
as the CWM-Consumer Welfare Month. This year’s celebration will be hosted by the Department of Energy (DOE) with the theme: “Sapat na Impormasyon: Susi sa Wastong Paggamit ng Enerhiya.” From October 13 to 17, DTI is set to award 47 units of the “Timbangan ng Bayan” to 23 municipalities and three cities including Cagayan de Oro city in the province of Misamis Oriental, as part of the agency’s continuing effort to promote consumer welfare and a healthy business environment. The “15kg x 50g” Stainless Mechanical Scale will come along with 47 customized and high quality Housings; seven sets of “11.5kg” Test Weights (1pc 5kg, 2 pcs 2kg, 1pc 1kg and 1pc 500g); and seven sets of “10kg” Test Weights. Through the Timbangan ng Bayan, consumers are provided an effective means of checking the accuracy of the weights and the quantity of the goods they buy.
DTI Misamis Oriental Provincial Office is also set to conduct an IEC or Information and Education Campaign in Cogon market this month. According to DTI provincial director Ma. Eliza A. Pabillore, one way to continually empower both the consumers and the business sectors is by engaging them to an IEC or Information and Education Campaign. It is hoped that through this IEC, all stakeholders get a fair chance of presenting and addressing market issues that are actually occurring in the area. There will also be awarding of DTI- BAGWIS. Pabillore said that the DTI Bagwis Program aims to give due recognition to establishments that uphold the rights of consumers and practice responsible business where consumers get value for money. To increase the number of DTI BAGWIS AWARDEES, DTI introduces dti/PAGE 7
of waste factor to Climate Change: DENR By JASPER MARIE OBLINA-RUCAT Contributor
THE rising volume and complexity of waste in the landfill and in each household is a big challenge in Solid Waste Management and also a big factor in the changing climate we have today. As discussed by Engr. Dovee Cherry Geollegue of t h e D e p a r t m e nt of Environment and Natural Resources (DENR) region 10 during the Climate Change advocacy in Cagayan de Oro College-PHINMA recently, she said that we don’t even know where to put some of the garbage anymore because of some high technologies and their complex material. She cited that a damaged cellphone is composed of mixed materials such as plastic and metal. In the law, it is stated in the Republic Act 9003 providing for an Ecological Solid Waste Man a ge m e nt Pro g r am , c re at i ng t he ne c e ss ar y institutional mechanisms and incentives, declaring certain acts prohibited and providing penalties. Geollegue said that the law urges us to avoid generating waste. It has an inverted pyramid of hierarchy of waste particularly Avoid, Reduce, Reuse, Recycle, Recover and
Treatment and Residuals Management. However, she said that we still have prevailing practices such as low col le c t ion efficiency, uncontrolled/ unmanaged waste burned in the backyard and open dumping and littering still rampant. There are various approaches to manage waste such as segregation at source, using a separate container for each type of waste and segregated collection. Through an ordinance, the local government unit can enforce through information/ education and by creating Materials Recovery Facility (MRF) where wastes are segregated by Compostables, Recyclables, Special Waste and Residuals. On the other hand, she explained that schools cans start and implement solid waste management where waste should be segregated at the point of origin. Geollegue revealed DENR’s National Ecosavers Program which they launched in 2012 with the Department of Education (DepEd) to encourage students to manage waste with an incentive. factor/PAGE 7
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Globe whips up another exciting retail customer experience with its ‘Generation 3’ Stores Renowned Filipino artists do live art demos as 2 major stores undergo renovation G L O B E Te l e c o m i s making way for another groundbreaking retail experience as it temporarily closed down two of its biggest stores - SM North Edsa and Limketkai Mall, Cagayan de Oro. The two stores will reopen in December 2014 promising a fresh experience for its customers and unique retail concept, a first of its kind in the Philippines. Pioneering in innovative store designs, Globe made headway in retail shopping experience when it first remodeled its stores in 2010.
Globe Retail Tr a n s f o r m a t i o n a n d Management Head Joe Caliro said, “We are taking a giant leap with the new retail concept of our 2 flagship stores. Our Generation 3 stores will bring to life our customers’ digital lifestyle and epitomize the aspirations of our customers. Our stores will be a wonderful place where customers can explore and discover exciting finds in the digital space.” Prior to opening, the Generation 3 stores will feature themed surprises – Arts, Community and
Technology. Working together with distinguished Filipino artists led by Ross Capili, Globe gave retail customers a live art experience as the artists boarded up the stores. The live art had enthusiasts and followers abuzz in Twitter using the hashtag #Gen3nextACT and photos uploaded in Facebook as the artists wowed retail onlookers at North Edsa. Capili working with the theme ‘past to future’ designs the mounted mural on the Globe stores. The mural is set to surprise onlookers every
two weeks as participating artists keep on adding and drawing on the canvass. “Once again we are going beyond ourselves in reinventing and innovating our retail distribution space. We are confident that our customers will appreciate not only the design but also the wonderful experience that our Generation 3 stores will bring,” adds Caliro. Capili has been in the art
scene for almost 40 years specializing in var ying expressions, movements and media. With successful exhibitions here and abroad, Capili is also the founder of t h e Fa c e b o o k p a g e ArtPhilippines, which gathers over with over 8,000 members composed of Filipino artists here and around the world. The art event at Globe SM North Edsa began September 25 where Capili was joined by
the first set of artists namely Percinette Sauro, Rem San Pedro and Herald Guarin Corpuz. Globe Limketkai Mall’s art event will begin on October 4 featuring the creations of Joey and Archie Balcos. The Globe Generation 3 stores are designed by Tim Kobe, founder and CEO of Eight, Inc. whose brainchild is the iconic Apple store in New globe/PAGE 7
Ayala, IMI to proceed with fund-raising before yearend TWO Ayala-led companies are pushing through with their respective fundraising initiatives before the year ends. Ayala Corp (AC) managing director Eric T. Francia last week told reporters that the P15-billion preferred share sale of the Philippines’ oldest conglomerate as well as the P3-billion follow-on offering of Integrated Micro-
Electronics Inc (IMI) will happen towards the end of the year. I M I i s u n d e r t a k i ng the much delayed equity offering to meet the postlisting requirements of the Philippine Stock Exchange. “You can only delay so much, but now there’s more clarity on the strategy of IMI and things have gotten so much better. IMI is more on
an investment mode,” Francia said. Proceeds from the semiconductor firm’s issuance of up to 300 million shares, including 85 million shares to cover overalloment, at a maximum price of up to P10 per share will fund expansion of plant capacity, he said. The share sale will hike IMI’s public float to 15 ayala/PAGE 7
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Doing The Damage
T
hink a Minute…This is a true story about a young Jewish boy named Karl who grew up in Germany. Karl’s father was very religious and made sure his family went to the Jewish synagogue and studied the Torah or Jewish bible every day. When Karl was a teenager his family moved to another German town where all the important people were Christians not Jews. Suddenly, Karl’s father change d religions—not because he learned the truth that Jesus Christ is the only true God, but because he wanted to be popular and liked by the important people in the community. Karl’s family was so surprised and confused. Young Karl especially became deeply disappointed and angry at his father for being such a hypocrite. A few years later, Karl went to England to study and there he decided not to believe in God anymore. You see, that young teenage boy who was deeply disappointed and embittered by his hypocrite father was Karl Marx—the father of atheistic socialism. It was Karl Marx who wrote the Communist Manifesto. So now for almost a hundred years, over a billion people have suffered under the hopeless rule of atheistic
THINK
A Minute
By Jhan Tiafau Hurst
socialism which was started by that hurt and bitter young man, Karl Marx. That’s the terrible damage and influence which resulted from Karl’s hypocrite father. Our children are watching the way you and I live every day! Our character and attitudes speak much louder than our words. Our kids aren’t stupid. They see the act we put on to look religious and good in front of other people. Then they see how we really are at home. They see when we’re not honest. They see when we’re twofaced and gossip about others. They see us when we lose our temper and self-control. They see when we won’t forgive someone who hurt and wronged us. Our kids know whether or not we’re real Christians who live Jesus’ way every day. hurst/PAGE 7
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2016 President: PCOS Choice, What Else?
L
IFE’S INSPIRATIONS: “Woe to the sinful nation, a people whose guilt is great, a brood of evildoers, children given to corruption! They have forsaken the Lord; they have spurned the Holy One of Israel and turned their backs on him…” (Isaiah 1:4, the Holy Bible). -ooo BELLO ENDANGERS HONG KONG OFWs: “How insensitive” may be the title of a beautiful song sung by many foreign artists, including Astrud Gilberto, D or i s D ay, an d Fr an k Sinatra, but it could very well describe both Akbayan Rep. Walden Bello who delivered a speech on October 04, 2014, encouraging Hong Kong protesters to continue, and Malacanang who defended Bello on the issue. The fact is, no matter how Bello and Malacanang may downgrade the danger that Bello’s speech foisted upon the hundreds of thousands of overseas Filipino workers (OFWs) working and residing in Hong Kong, it cannot be denied that these OFWs, who were forced to go to Hong Kong to find jobs which the Philippine government can not give them in the first place, are now faced with the prospect of retaliation, both from Hong Kong and China authorities. That was the reason why the Philippine Consul G e n e r a l i n t h e c i t y, Bernardita Catalla, reacted quite violently to Bello’s sp e e ch. She k ne w, out
of common sense which Bello and his patrons in Malacanang did not seem to have, that Bello’s speech will be viewed as interference by the Philippine government in a purely internal dispute in China, and will surely give rise to unwanted reactions on OFWs in Hong Kong. OFWs in the city should brace for these reactions! -ooo TEACHERS CAN RESORT TO “PEOPLE POWER” OVER SALARIES: Teachers have a right to ask the Aquino government, which is doggedly refusing to give them the salary increases they have been demanding ever since President Aquino came to power in 2010: why is it that if teachers are the ones asking for money, the government of Aquino is saying it does not have that money, but when congressmen and senators are the ones asking for money, billions are readily given to them? The answer is clear : teachers do not possess any political clout or importance, and so they are the least of the priorities of the Aquino government. Too, teachers are known to be docile and submissive, and so some officials have always been of the thought that teachers can be ignored and intimidated, and many of them would simply back off, with their “tails” between their legs. So what could our poor teachers do? Well, since there is no one in government that
seems willing to help them, they can engage in “people power” activities to help themselves, under Sections 15 and 16, Art. 13, of the 1987 Cory Aquino Constitution. Under those sections of the Charter, teachers can act and meddle in government decision-making. -ooo 2016 PRESIDENT: PCOS CHOICE, WHAT ELSE? In the face of all the political maneuverings now furiously taking place in preparation for the 2016 presidential elections, it maybe a sobering thought for all interested parties to be reminded that the next president of the country may not be, once again, the choice of the Filipino people, but of machines called “Precinct Count Optical Scan” (PCOS) machines. I say “once again” because of lingering accusations, unanswered up to now by the Commission on Elections, that the 2010 presidential elections (which saw a supposedly landslide victory for President Aquino) and the 2013 senatorial elections (which saw an incredible 6030-10 percent winning ratio in favor of Aquino’s senatorial candidates in almost all areas in the country), were both rigged with the use of PCOS machines. T h e t r u t h t h at t h e Commission and Malacanang cannot deny is that, there is now judicial proof that the results coming from PCOS machines do not
K akampi
Mo A ng Batas
By Atty. Batas Mauricio
represent the actual vote of the electorates, and appear to have been manipulated by the Comelec itself. Yet, the same PCOS machines are once again being pushed by Comelec for 2016. Maybe, prospective candidates can do something about this now, and forestall a defeat by cheating machines. -ooo PLEASE LISTEN: “ Ta m b a l a n g B a t a s a t Somintac”, aired at 1062 kHz in Manila, 1080 kHz in Dagupan City, 711 kHz in Naga City, 1260 kHz in Lucena City, 1224 kHz in Davao City, and at www. eaglenews.ph Mondays to Fridays, 6 a.m.; “Kakampi Mo Ang Batas”, at 103.7 mHz in Don Carlos, Bukidnon, Mondays to Fridays, at 7 a.m.; “Kakampi Mo Ang Batas” at 801 kHz on the AM band (Panay Island), Mondays to Fridays, at 10 a.m.; and “Kakampi Mo Ang Batas” at 107.5 Win FM, Roxas, Isabela (Saturday, 5:30 a.m., and Sunday, 7 a.m.). -30-
Warning Against Self-Righteousness
T
he kingdom of heaven is like a landowner who went out at dawn to hire laborers for his vineyard.” (Mt 20,1) Thus starts the gospel we heard recently at Mass. It’s a parable that contains a precious lesson-a warning, in fact-especially to those who feel advantaged and privileged in life for a number of reasons. As the parable continues its story, the landowner agreed to pay the laborers who were hired at the first hour the “usual daily wage.” But since he noticed there were still idle people in the different parts of the day, even at the last hour, he decided to hire them just the same, promising to pay them what he thought would be just. At the end of the day, when paying time came, he chose to pay all his laborers the same “usual daily wage,” including those who were hired at the last hour. Obviously, those hired at the first hour felt unfairly treated. “These last ones worked only one hour, and you have made them equal to us, who bore the day’s burden and the heat,” they said. But to this, the landowner said, “My friend, I am not cheating you. Did you not agree with me for the usual daily wage? Take what is yours and go…” The parable simply tells us
at bottom that God cares for everyone of us. He does not make distinction of persons insofar as loving is concerned. His love is universal. It covers all. This is the thought that should be with us everytime we see the differences and the great variety of conditions we have among ourselves. Yes, we have to acknowledge our differences, our advantages and disadvantages, etc., but we should not forget that God loves all of us and that we too should love everybody else the way God loves all. Let us remind ourselves that our differences are meant to develop, if not enrich, everyone through the dynamics of complementation and supplementation. Let’s see to it that we are not unduly entangled with the unavoidable tension and conflict, and that we manage to go past them and see the bigger picture. What is incumbent on us is to give what we have, what has been entrusted to us by God-our talents and other gifts-as much as we could for the common good. This is where our true joy and selffulfillment. It’s in giving that we truly love, and that we truly get blessed. We should never think that our talents, gifts, blessings and
other privileges and advantages we can have in life are a right to lord it over others, or to be proud and vain, or to expect more privileges. They are never meant to make us feel superior to others, turning us into conceited persons. If ever, these things should only make us more aware of the greater responsibility we have to contribute to the common good. That consideration, which we should try to be with us always, should sober us and stop us from making fantastic, baseless ideas of ourselves. These gifts and blessings should make us more humble and more responsible, as well as more discerning as to what God has in mind for their proper use. That’s because when not referred to God, these things can have no other effect than to spoil us. And that’s when we, unwittingly perhaps, lead ourselves down the road to a blinding self-righteousness. We have to be most wary of this danger which is very common and can come to us in subtle ways. The worst form is when we use our “sanctity” because we may be a priest, a nun or a monk, as a claim to superiority over others. This can happen when we have little or even no
HINTS
and
Traces
By Fr. Roy Cimagala
patience for those who may not behave “properly” in certain liturgical celebrations and we feel we have the right to scold them in public. The real saints and heroes never thought it beneath them to suffer the inadequacies and the mistakes of others, following the example of Christ who even went to the extent of washing the feet of his apostles, and who clearly said that he came to serve and not to be served. Since any authority on earth is a participation of the authority of God, those who have it, especially the sacred ministers, should see to it that the exercise of their authority would make others see God instead of their own selves. We have to follow the example of St. John the Baptist who said, “He must increase, but I must decrease.”
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BSP reiterates 2015 inflation could average near 4% INFLATION next year could stay close to 4% -- the high end of the central bank’s official target range -- amid risks that food and power would cost more, a senior Bangko Sentral ng Pilipinas (BSP) official said on Friday. E v e n a s t h e B S P ’s Monetary Board has already tightened its policy settings in its last five meetings, BSP Assistant Governor Cyd N. Tuaño-Amador said: “[I]nflation expectations continue to move toward the upper end of the 2015 target range.” “The balance of risks to the inflation outlook also remained tilted to the upside due mainly to possible increases in food prices and pending petitions for adjustments in utility rates,” she said at a press conference held at the BSP complex in Manila on Friday. The central bank has set an inflation target of 3%, give or take one percentage point, for 2015, lower than its 3-5% goal for this year. Ms. Tuaño-Amador’s remarks were in line with the 3.8% revised inflation projection for 2015 that the Monetary Board announced at the conclusion of its Sept. 11 polic y meeting. The inflation forecasts for this year and 2016 were also raised after the eight-month reading registered at 4.4%, above the mid-point of this year’s target range. The Philipine Statistics Authority is scheduled to release September inflation data on Tuesday.
The BSP is determined to put a lid on inflation within a 2-4% range next year, she said. “Pre-empt ive ac t ion is preferred. If you are behind the curve in terms of policy actions, you need to play catch-up. If you play catch-up, you need sharper adjustments not only because market thinks you are behind the curve, but also because for policy actions to have traction. It will have to be sharper if you respond too late,” the BSP official explained. “In the past five policy meetings, there were policy
actions. We hope to send the message that we are really intent in combating inflation and preventing inflation expectation from running ahead of itself,” she added. M s . Tu a ñ o - A m a d o r said the next policy action at its O c t. 23 me et ing “will continue to be datadependent, not only on what’s happening to inflation pressures but also to growth.” At its Sept. 11 policy meeting, the Monetar y B o a r d t o o k “s t r o n g e r p o l i c y a c t i on” t o re i n in persistently elevated inflation expectations by raising both special deposit
account (SDA) and key interest rates. The benchmark overnight borrowing and lending rates were raised anew by a quarter of a percentage point, or 25 basis points (bps), to 4% and 6%, respectively. The rates -- which had been kept at record lows since October 2012 -- were last hiked also by 25 bps at the July 31 policy meeting. Similarly, SDA rates were adjusted upwards to 2.50%, while banks’ reserve requirement ratios (RRR) -- the focus of policy adjustments earlier this year -- were kept steady.
PH corporate debt rising fastest in Asean, says S&P PHILIPPINES companies racked up debt faster than their Asean peers in the last seven years. In a report released yesday, Standard and Poor’s (S&P) said 17 of the Philippines’ biggest companies nearly tripled their debt holdings between 2008 and the first quarter of 2014. Largely spared the worst of the Asian and global financial crises because of their relatively low leverage, Philippine companies have taken on increasing debt amid low interest rates and more than ample domestic liquidity. Up until the second quarter of this year, money supply growth hovered above 30 percent. The Bangko Sentral ng Pilipinas (BSP) however has been tightening
its monetary policy since the start of the year. Earlier, the operator of the Philippines’ fixed-exchange trading platform said bond sales would hit a record this year after listing reached an all-time high in the first semester. In the second quarter, issuances however slowed amid fears of rising interest rates brought about by the US Federal Reserve’s taper. According to S&P, the median ratio of net debt to EBITDA rose to 3.5 times at end-2013 from 1.9 times at end-2008. This is the highest in Asean, as revenue and cash flow among the rated Philippine companies failed to keep up with the increase in their combined liabilities. E BI T DA re fe rs to earnings before interest,
5
t a x , d e p r e c i at i o n a n d amortization expense, and as such is a proxy for cash flow. While revenue growth among the Philippine firms was “sound” compared with their Asean peers, median growth nearly halved to 8 percent last year from a peak of 17 percent in 2010 “because of increasing competition and greater capacity across industry sectors,” S&P said. “We expect credit quality to decline further over the next 12 months. We see no sign of a slowdown in spending as Philippine companies continue to invest,” said S&P credit analyst Xavier Jean. The heavy borrowers incurred more debt mostly to grow their businesses, to acquire other companies, corporate/PAGE 7
HONORING OUR TEACHERS – VICE GOVERNOR JOEY G. PELAEZ greets the School Heads who attended the Tribute to Teachers organized by the Provincial Government of Misamis Oriental to celebrate the National Teachers’ Month (September 5 – October 5) and World Teachers’ Day (October 5) at the Provincial Capitol Grounds, Cagayan de Oro City. In his message, Vice Governor Pelaez called the teachers as the most hardworking people in the entire Philippine Government. (Lower left photo, from L – R; DepEd Misamis Oriental Schools Division Superintendent Cherry Mae L. Limbaco, Governor Yevgeny Vincente ‘Bambi’ B. Emano and Vice Governor Joey G. Pelaez).
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
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Mindanao business community wants halal road map By CARMELITO Q. FRANCISCO, Correspondent
DAVAO City -- Mindanao business leaders are advocating for the drafting of a halal road map to increase trade with predominantly Muslim countries, particularly within the Brunei-IndonesiaMalaysia-Philippines-East ASEAN (Association of Southeast Asian Nations) Growth Area (BIMP-EAGA). Vicente T. Lao, Mindanao Business Council chair, pointed out that there is a big market for halal products in these neighboring countries as well as the rest of the
ASEAN, which will have an integrated economy by end2015. Mr. Lao cited poultry as a potential export product as he noted how in the early 2000s, several traders within the sub-region, including himself, discussed a plan to develop a common product that could be sold to the rest of the global market. Chicken was the chosen product, with the Philippines, particularly Mindanao, as the grower, Indonesia as the supplier of feeds, Malaysia
for the processing, and then Brunei was tasked to handle the certification process. However, the plan was aborted after the Philippine’s Department of Agriculture (DA) objected to the proposal on the basis that the country’s poultry industry could be affected by the bird flu virus which at that time had already contaminated Indonesia. Mr. Lao said now is an opportune time to reconsider the proposal given the regional economic integration by next year. During the Mindanao Business C onference in
G enera l Santos Cit y, a resolution was passed calling on government to draft the road map to allow Mindanao to take advantage of the halal market. The resolution said, “the rising demand for Halal and organic food products within the ASEAN region and growing market in the rest of Asia, Middle East and other international markets provides opportunities for small producers and MSMEs (micro, small and medium enterprises) of Mindanao.” It noted, however, that agricultural producers and
MSMEs “found s e veral challenges in meeting the requirements for certification which hamper the growth of the industries.” The certification requirements were outlined by the DA. S e c r e t a r y Ya s m i n Busran-Lao of the National Commission on Muslim Filipinos stressed that halal certification is crucial for the market saying, “Consumer’s views on halal products are
not only confined to religious viewpoint but the confidence that comes with the halal branding.” A P20-mi llion halal slaughterhouse is now under construction in Cotabato City to meet rising demand in the local market and in anticipation of the potential market with the ASEAN integration. There is also a proposal to build a halal slaughterhouse in Davao City.
Rice supply still sufficient despite storm damage THE GOVERNMENT will not yet consider buying additional rice stocks despite risks to grains output due to calamities this month, the chief of the country’s grains procurement agency said yesterday. “At t h i s p oi nt , n o,” Presidential Assistant for Fo o d S e c u r it y and Agricultural Modernization (PAFSAM) Secretary Francis N. Pangilinan told reporters yesterday, when asked if it would consider procuring additional volumes given the damages caused by three weather disturbances that hit the country this month. At least three weather disturbances hit the country recently: tropical depression Karding (international name: Fourteen) and typhoons Luis (international name:
Kalmaegi) and Mario (international name: FungWong). T h e D e p a r t m e nt o f Agriculture (DA), in an initial Sept. 20 report, cited P1.44 billion in losses due to typhoons Luis and Mario. The rice sector bore the brunt, incurring losses of P934.09 million or P53, 800 metric tons (MT). The country has lost a total of 67,249 MT worth of agricultural products in 122,127 hectares. Some 118,226 hectares have no chance of recovery, the department said. By region, Central Luzon posted the biggest loss at P606.81 million or 35, 163 MT, followed by Cagayan Valley (P283.08 million or 19,157 MT), the Ilocos Region (P133.98 million or 6,289 MT), supply/PAGE 7
Republic of the Philippines SUPREME COURT REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE File No. 2014-235 Upon Extra-Judicial Petition for Sale under Act 3135 as amended, filed by NATIONAL HOME MORTGAGE FINANCE CORPORATION (NHMFC), a government owned and controlled corporation created under P.D. 1267, postal address at 104 Amorsolo St., Legaspi Village, Makati City, against CIRILO T. ABACAHIN, single, with postal address Blk, 24, Lot 16, PH2, Villa Trinitas Subd., Bugo , Cagayan de Oro City, to satisfy the mortgage indebtedness which as of December 15, 2013 amounts to THREE HUNDRED FIFTY NINE THOUSAND ONE HUNDRED NINEY NINE PESOS & 32/100 ( P 359,199.32) Philippine Currency as mortgagor’s indebtedness, plus other necessary fees and expenses of expenses of Extra-Judicial Foreclosure and Sale, the undersigned Sheriff-in-charge will SELL at Public Auction on October 27, 2014 at 10:00 o’clock in the morning or soon thereafter, at the main entrance of RTC Branch 40, A. Luna St., Capitol Compound, Cagayan de Oro City, to the Highest Bidder, for CASH and in Philippine Currency, the real property mortgaged together with all existing and future improvements thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T- 82143 Registered in the name of CIRILO T. ABACAHIN “A PARCEL OF LAND (Lot 16, Blk.24, Psd-104305015867, being a portion of Lot 2, (LRC) Psd-157430) situated in the Barrio of Bugo, City of Cagayan de Oro, Island of Mindanao, Bounded on x x x, Beginning at x x x; containing an area of ONE HUNDRED TWENTY SIX (126) square meters or less.” Prospective buyers/bidders may investigate for themselves the title herein- above described and encumbrances thereon, if any there be. In case October 27, 2014 will be declared holiday or nonworking day, the public Auction Sale shall automatically be held on the next working day without further notice, publication and posting. Cagayan de Oro City, September 23, 2014. FOR THE EX-OFFICIO PROVINCIAL SHERIFF By:
BWM: Oct 1, 8 & 10, 2014
(Sgd.) ALLAN M. BANAAG Sheriff IV
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Aboitiz... from page 1
our team members and other stakeholders.” Moraza revealed APC would be increasing its power generation capacity by another 2,000 megawatts (MW) over the next five years. Last September, it officially launched the 420MW Pagbilao 3 power plant in Quezon. Other plants like the ongoing 300-MW baseload plant in Davao are either under construction or close to securing their notice to proceed. “Our commitment to growing our power business is strongly tied to our support of the nation’s economic development,” he said. For other companies listed under the AEV portfolio, Moraza said the group is now reaping the benefits of stronger synergies between UnionBank and CitySavings, with the former having increased capitalization and poised for future growth and committed to executing its FOCUS 2020 strategy towards being a great retail bank and expanding its presence. AboitizLand, which is also celebrating its 20th year, is working towards its goal to become a national player in land development, after its entry into Luzon with the LiMA Land acquisition. AEV has also ventured into building the country’s first liquid bio-methane fuel plant through Aseagas, its joint venture with a UK company and would continue to pursue projects under the government’s Public-Private Partnership program. “We are also pursuing exciting opportunities leading up to the ASEAN economic integration. Pilmico recently acquired an aqua feeds company in Vietnam and is opening an office in Indonesia this year,” said Moraza, who previously served as served as President and Chief Executive Officer of Pilmico Foods Corporation. “We are also exploring power projects in other countries. These initiatives signal the start of our journey toward becoming a global organization.” In his earlier welcome remarks at the same event, Jaime Jose Y. Aboitiz, EVP and COO of the APC- Distribution Group, disclosed AEV was taking deliberate steps in realizing its vision to be a truly sustainable enterprise that it could entrust
to future generations. “For us, looking back across time always brings inspiring thoughts of how invaluable you guys have been to the success of our endeavors, including our commitment to becoming a truly sustainable organization that can be entrusted to future generations,” Aboitiz said. “This is the idea behind Aboitiz BetterWorld, which fully embodies our sustainability mindset,” he added. “We are glad to have all of you, our friends in media, as our partners in seeing this through because, after all is said and done; we all want to lay the foundations of a bright future for our children.” “For us in Aboitiz, long-term sustainability is anchored on the belief that we can do well by doing good, always making the right long-term decisions that balance the interest of people, planet and profit,” Moraza said. “At the foundation of this mindset are our core values of integrity, innovation, teamwork and responsibility.”
Cepalco... from page 1
(ERC) Order No. 2014-028 dated 04 August, 2014, approving Cepalco’s proposed Maximum Average Price (MAP) for Regulatory Year 2015. It was signed by ERC Chair Zenaida G. Cruz-Ducut and commissioners Alfredo J. Non, Gloria Victoria C. Yap-Taruc and Josefina Patricia A. Magpale-Asirit. The said ERC Order was officially docketed and posted at the ERC Website on September 23, 2014. Specifically, the average reductions in the distribution rates as compared with the August 2014 billings are as follows: Consumer Group Konsumanteng Kagay-anon Inc. (KKI) welcomed the development as another positive indication that consumers vigilance and advocacy pays off, this coming just as the country celebrated Consumer Welfare Month (CWM). The CWM is held every October pursuant to Presidential Proclamation No. 1098. This event is led by the National Consumer Affairs Council (NCAC), which was created under Republic Act 7394, better known as the “Consumer Act of the Philippines,” to improve the management, coordination
and effectiveness of the nation’s consumer programs. The theme for this year’s CWM is “Sapat na Impormasyon: Susi sa Wastong Paggamit ng Enerhiya” as the DOE and NCAC aim to highlight consumer education in choosing the best energy choices. “For the longest time, the DOE has been constantly pushing and updating the public on the efficient use of energy consuming devices, not just to lower their electricity bill, but also to instill a sustainable way of living.” DOE Usec. Loreta G. Ayson said during the Chairmanship Turnover Ceremony for the hosting of the 2014 Consumer Welfare Month held at the DOE Training Room on 22 July 2014. “Consumers are always shortchanged. The philosophy of our trade is that it is more important than public welfare. It is always business first, before consumer rights. We need to change that,” said DOH representative and Food and Drugs Authority Director, Dr. Kenneth Hartigan-Go during the same launching event. The Department of Energy (DOE) leads the celebration of the 2014 Consumer Welfare Month (CWM) highlighting the recent launch of its consumer websites — Kuryente and WattMatters, aimed at educating the public on the fundamentals of power industry operation and efficient energy utilization. The Kuryente website (www. kuryente.org.ph) aims to respond to the public’s perennial question about energy, “Magkano ba ang kuryente mo?” The site provides a database of the country’s distribution utilities, power rates, and other valuable information about the power industry. The WattMatters website (www.wattmatters.org.ph), on the other hand, seeks to teach people the value of managing energy use as it shows the cost of operating energy appliances and how to save energy. Through these basic tools, the DOE hopes to empower consumers in making more intelligent energy choices at the most opportune time when volatile energy prices pose a formidable challenge in budgeting household income for monthly expenditures. The DOE is an ex-officio member of the NCAC together with non-governmental organizations Nationwide
Association of Consumers Inc., Consumer Rights for Safe Food, Coalition for Consumer Protection, and Welfare Inc., National Federation of Women’s Clubs of the Phils., Inc., Phil. Bakers Industry Group, and the Philippine Retailers Association, as well as representatives from the Department of Agriculture, Department of Education, Department of Trade and Industry, and the Department of Environment and Natural Resources.
NSC... from page 1
International Arbitration Center in 2013. The case stemmed from an effort by Global Steel to prevent getting declared in default on payments after getting control of the Philippine steel mill in 2004. Global Steel had brought NSC creditors and liquidator to a Singaporean arbitration after the latter allegedly failed to deliver clean titles of the Iligan City facilities due to unpaid real estate taxes owed by the NSC. Under the Philippine government’s privatization policy, the NSC facilities were turned over to Malaysian investors in 1995. Indian investors, Global Ispat, subsequently took over in 2004 for a total price of P13.25 billion including an upfront cash of P1 billion while the remainder was to be paid over an 8-year period. That privatization was overseen by then DTI Secretary Mar Roxas. At that time of privatization, NSC’s debts were placed at P16.18 billion but its assets had been assessed at P29.27 billion. The Philippine National Bank (PNB) has the largest exposure to the company of P5.64 billion. Government-owned Land Bank of the Philippines followed with P1.2 billion. The Indian owners failed to sustain the Iligan steel mill operations and eventually went on total shutdown in 2009. NSC had been abandoned, looted and is now rotting in its 145-hectare industrial complex in Iligan City. –Wire Reports
DTI... from page 2
the Bagwis Program to business establishments (BEs) through briefings. Through the briefings
more BEs are encouraged to join and apply for the program. And qualified BE’s are recognized by giving them bronze, silver and gold bagwis awards. Meanwhile, winners of the provincial quiz bees (Misamis Oriental, Lanao del Norte, Bukidnon, Camiguin, Misamis Occidental) will contend for a Regional Quiz Bee on October 29, 2014. Finally, on October 31, as the Christmas season draws near, DTI-MOR gears up for the monitoring of Christmas lights. This is to ensure that only certified Christmas lights are sold in the market.
Factor... from page 2
She said that the teachers and student leaders can start by doing a NEP day in school wherein students can bring recyclable materials from their homes and sold to accredited junk shop in exchange for cash to be deposited in their Student Passbook which students can avail after the duration of the program. Geollegue further said that they can start through a one day activity in the classroom until it can be designed with the yearlong activities in the school with the approval and participation of school heads. In Bukidnon, this was already tested and done and became successful, she added.
Globe... from page 3
York. On the future Globe stores, Kobe says, “Globe is transforming the customer experience in the Philippines and it will send shock waves far beyond.” Among his achievements, Kobe is responsible for the designs of the Apple Stores, the Nike Concept Stores, Coke, Knoll, Virgin Atlantic Airways, and Citibank. The new stores will also house interactive lifestyle vignettes that will feature a myriad of products within interesting displays that make it more relevant to customers. The installations are made flexible and reconfigurable allowing the store to transform, keeping the environment always fresh and giving customers a reason to return.
Ayala... from page 3
percent from the minimum requirement of 10 percent, he added.
7
Parent firm AC is raising up to P15 billion from the sale of up to 30 million Class “B” preferred shares at P500 apiece to beef up its war chest for power and infrastructure projects. The conglomerate’s profit climbed by more than a third in the first semester to P9.8 billion from P7.30 billion a year ago on the strength of its property, telecom and water utility businesses.
Hurst... from page 4
But if we are hypocrites, it not only means we ourselves are in danger, it also does great damage to our children’s relationship with God and the kind of people they become as adults. So won’t you ask Jesus to forgive you? Then ask Him to take charge of your heart so He can start helping you change. That’s the only way your kids canlearn from you how to follow and become like Christ in their character and lifestyle. Just Think a Minute…
Corporate... from page 5
or to honor their dividend commitments with shareholders, S&P said. “Investment remains geared toward organic growth, but we expect merger and acquisitions to pick up in the country in the next one to two years as large and profitable domestic investment opportunities become more difficult to find,” Jean said, adding that the itch to pursue M&A would be greater among big conglomerates. “Domestic conglomerates generally have a wide access to debt markets to fund their growth. They also have more strategic growth options available because of their broad range of operations,” Jean said. Less than a third of the Philippine companies had huge debt loads, while a fourth showed “conservative balance sheets with moderate to low debt levels,” according to S&P.
Supply... from page 6
the Bicol Region (P101.22 million or 5,269 MT), and Cordillera Administrative Region (P19.50 million or 1,361 MT). “We will have to monitor the last quarter regarding our rice yields,” Mr. Pangilinan said. The National Food Authority (NFA), on Sept. 15, announced Thailand and Vietnam would supply 500,000 MTs of rice via governmentto-government transactions.
Publication Notice R.A. 10172 Republic of the Philippines Province of Misamis Oriental Municipality of Initao -oOoNOTICE TO THE PUBLIC CFN- 0050-2014 R.A 10172
Date: September 29, 2014
In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of the Administrative Order No. 1 Series of 2012 (IRR on R.A. 10172), Notice is hereby served to the public that RENITO E. ARESALITA has filed with this Office, a petition for change of first name from “ ” to “ ” and correction of entry in sex from “ “ to “ “ or correction of entry in the date of birth from “FEBRUARY 5, 1968 ”to “FEBRUARY 3, 1968” in the certificate of live birth of RENETO E. ARISALITA at Initao, Misamis Oriental and whose parents are CARLITO G. ARISALITA and REGINA JALAGAT ECHAVEZ. Any person adversely affected by said petition may file his written opposition with this Office not later than October 24, 2014. (Sgd.) ISAIAS A. JARALES Municipal Civil Registrar BWM : Oct. 1 & 8, 2014
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Big banks’ real estate exposure at end-June Aboitiz Power leads AEV’s growth up as global player
L T
OCAL LENDERS further increased their and borrowers buying homes. companies inOfthe Philippines, ” he63.1% said. those property loans, By MIKE BAÑOS, Editor-at-Large exposure to the real estate industry in “It certainly has been an exciting journey went to developers, while therobust second quarter, Bangko Sentral ng 36.9% he growth of Aboitiz Power of expansion for went AEV,toas we mortgage. continue home Pilipinas (BSP)indata their Corporation the showed, past seven as years is loans to buildtoour businesses while staying Investments in securities expected to continue leadingcontinued Aboitiz focused issued by property developers, mission to create longand investments in the sector to rise.on our
meanwhile, made up the Equity Ventures development as it marks its term value for all our stakeholders. We Thecompany first-half result 20thData made available on listed remaining of banks’ anniversary as a publicly ensurewas that value created15.8% also accrues to also 21.89% higher than the REE the BSP site on Friday P172.9 billion. our this year Web and consolidates its footing as a player our customers, ourathost communities, exposure showed that the combined real P900.148-billion team and Quarter-on-quarter, banks’ in the global market. members other stakeholders. ” postedofinAEV’s the same Moraza period real estate exposure of universal,highlight estate loans by 6.66% “The most significant revealed APCrose would be last year. commercial, banks P866.6 billion,capacity while growth storyand hasthrift been the robust expansion increasing itsfrom power generation Broken 84.2% or 2,000 reached P1.097 trillion as of investments in (MW) real estate of our power business, especially over down, the by another megawatts over P924.3 billion of big banks’ end-June, 5.99% higher than securities grew by 2.53% fromit past 7 years, and AboitizPower will continue the next five years. Last September, real estate” exposure (REE)launched thespearhead P1.035 trillion recorded P168.6the billion. to the Group’s future growth, said officially 420-MW Pagbilao were direct loans to developers as of end-March. The BSP keeps close Antonio R. Moraza, Aboitiz Power Corporation 3 power plant in Quezon. Othera plants (APC) President and Chief Operations Officer, like the ongoing 300-MW baseload plant during his keynote message delivered during in Davao are either under construction or the Mindanao Media Party 2014 hosted by close to securing their notice to proceed. APC at the SMX Lanang in Davao City last “Our commitment to growing A GROUP composed mainly “Big-time smugglers and congressmen are serious in October 3. our power business is strongly tied to of garlic growers has appealed cartels are working to put ending smuggling, hoarding Moraza said going public in 1994 was our of the economic pricenation’s manipulation of out and to domestic consumers to small garlic growerssupport intended to fuel our company’s growth and development, ” he said. use locally produced garlic of business so the country garlic, then they should help give us the muscle to attain business goals. For on otherstrengthen companiesthe listed the garlicunder industry go back to relying to prevent smugglers andourwill “Our focused strategic initiatives, key AEV portfolio, Moraza said the group cartels from controlling the imported garlic that they by asking people to buy our acquisitions, strong partnerships and good nowsell reaping thebawang benefitswhich of stronger native tastes smuggle, hoard isand Philippine allium market. corporate governance led us not only to synergies between UnionBank and George Calaycay, head of at very high prices in the as good as the imported create economic value, but also earned us the CitySavings, with the former having the Onion-Garlic Farmers market,” Calaycay said, ones,” according to Calaycay, recognition of being one of theadding best-managed increased andthat poised for as he explained buying that “[they] don’t capitalization of Ilocos Norte (OGFIN) and acting spokesman for care about the local garlic the local variety—coupled the National Garlic Action industry because they simply with government protection against unscrupulous Team (NGAT), also cautioned import and sell garlic.” lawmakers and government The NGAT spokesman traders—would be the best regulators against “falling also denied reports that the way to fight smuggling. into the scheme of big-time group’s member-cooperatives In a separate statement, smugglers and cartels who are behind the smuggling, Paul Jonathan Manalo, want the blame on the scarcity hoarding and scarcity of president of the NGATm e mb e r I l o c o s Mu lt i and high prices of garlic garlic. “ I f s e n a t o r s a n d Purpose Cooperative, said the pinned on local farmers.”
watch on the property market direct housing loans but also mandated real estate stress future andduring committed executing ofand the APCDistribution Group, test (REST), approved last banks’ holdingsCOO of bond since itgrowth imploded the to disclosed AEV was taking deliberate its FOCUS 2020 strategy towards being a 1997 Asian financial crisis equity investments that fund May 22 by its policy-setting steps in realizing its vision to involves be a truly great retail bank andeconomic expandingproperty its presence. Monetary Board, the developments. and the 2008 global that couldlimit entrust AboitizLand, which is also celebrating adoption of aitREST for Additionally,sustainable the regulator,enterprise crisis. to future generations. its year, is working towards its goal universal, commercial, and through Circular 839 dated 20th The regulator’s monitoring us,oflooking across time always to become a national player thriftback banks. Junein27,land said that“For 25% of banks’ exposure to the real As of end-June, bad loans real estate assets will thoughts estate industry has intensified brings inspiring of how invaluable development, after its entry banks’ into Luzon 2.64% of of our big automatically beyou considered further Philippine guys have accounted been to theforsuccess with thewith LiMAthe Land acquisition. banks’ our totalcommitment housing loans, under industryincluding economy posted endeavors, to AEV hashaving also ventured into soured building the a new slightly lower than the 2.77% aimedbecoming at bolstering stellar growth recent years, stress a truly sustainable organization country’s first in liquid bio-methane fueltest plant recorded at end-March. The” banks’with ability withstand coupled with a fast expanding that can be entrusted to future generations, through Aseagas, its joint venture a to that Aboitiz could arise property sector fueledcontinue by pressures said. BSP had previously said UK company and would to pursue that banks’ non-performing from Publicgreater exposure to the buoyant liquidity growth. “This is the idea behind Aboitiz projects under the government’s housing loans have been property market. Private In 2012, it broadened the BetterWorld, which fully embodies our Partnership program. falling ”since 2012. “We are centralsustainability bank’s new mindset, scope to notpursuing just The he added. “Weof scrutiny are also exciting opportunities leading up to the ASEAN glad to have all of you, our friends in media, economic integration. Pilmico recently as our partners in seeing this through acquired an aqua feeds company in Vietnam because, after all is said and done; we all and is opening an office in Indonesia this want to lay the foundations of a bright Department of Agriculture’s year, ” said Moraza, who previously served future for our children.” decision to give garlic “For us in Aboitiz, long-term as served as President and Chief Executive growing cooperatives 60 sustainability anchored on outside the belief Officer of Pilmico Foods Corporation. “We at options the AGRICULTURAL feeds producer islooking percent of the garlic-import country, saying that “there is Vitarich Corp. will start selling that we can do well by doing good, always are also exploring power projects in other allocation is “great help” an long-term opportunity. decisions This is export a branded cream dory product making the right that countries. These initiatives signal the start to the struggling Filipino potential.” aimed at retail markets next interest balancebythe of people, planet and of our journey toward becoming a global farmers. year, a company official told “If the demand grows, we’re profit, ” Moraza said. “At the foundation of organization. ” “That crucial decision reporters at the launch of its prepared to scale up, depending this mindset are our core values of integrity, In his earlier welcome remarks at the help e d s ave t he garlic Cook’s Golden Dory brand in on market demand.” innovation, teamwork and responsibility. same event, Jaime Jose Y. Aboitiz, EVP and year, revenue” industry from total collapse. Rockwell on Tuesday evening. In the past drivers were feeds, which made T h e e x p a n s i o n o f i t s But that decision also made food product line to branded up 62% of sales, and food us and [Agriculture Secretary aquaculture items follows products at 33%. Proceso J.] the injection of funding from According to Mr. Sarmiento, Alcala the target of shareholder Kormasinc, Inc. said Cook’s Golden Dory will be attacks by garlic traders and Ricardo Manuel M. Sarmiento, available at supermarkets -smuggling cartels who want Vitarich chief operating officer Fisherfarm, Gaisano, Landmark to regain the total control and executive vice president. and Rustan’s -- at a retail price of garlic importation that He said the company of P220 per kilo. Dory imported brought down the garlic expects a 10% to 20% boost to from Vietnam, the brand’s industry,” Manalo said. revenue from the new business biggest competitor, is priced
Group appeals for public to patronize local garlic Vitarich launches cream dory brand for retail market
by 2015. The majority of the at P140-160 per kilo. revenue, however, will remain “We’re trying to penetrate driven by the company’s feeds the market with fresher and and Cook’s chicken products. locally grown fish,” he said “ C r e a m d o r y ” i s t h e when asked about the price Pacific’s long-haul division marketing name for a type premium. also operates flights to and of farmed fish, the Southeast “This is 100% natural and from Sydney. Asian shark catfish, classified grown in the Philippines -- no The airline’s 51-strong under the genus Pangasius. It bleaching and other chemical fleet comprises 10 Airbus is unrelated to the true dories, processes that cream dory is A319, 28 Airbus A320, 5 which are deep sea dwellers. known for,” he said. Airbus A330 and 8 ATR-72 “We’re primarily still a feed The company has been 500 aircraft. company, but this is out first a cream dory wholesaler Between 2014 and 2021, aqua product…” he said. “I’d like since 2007, tapping farms in it to grow as fast as possible, Pampanga, Nueva Ecija, and Cebu Pacific will take delivery Bulacan, selling to hotels and it’s a good product.” of 11 more brand-new Airbus restaurantsGroup, mostly in Luzon. Aboitiz The com p a n y Corpi s a l s oDistribution Jaime Y. Aboitiz, EVP & COO, Power A320, Jose 30 Airbus A321neo,
Cebu Pacific mounts flights to Riyadh CEBU Pacific on Wednesday Manila depart at 12:45 a.m. East, we are proud to offer mounted its maiden to (Riyadh time) and arrive even more Filipinos in the in Manila at 3:40 p.m. Kingdom of Saudi Arabia – Riyadh. In a st ate me nt , t he (Manila time) every Monday, the fastest, most affordable way to come home,” Alex Gokongwei-led budget airline Thursday and Saturday. said its thrice a week, non- The airline’s Manila- Reyes, Cebu Pacific’s general stop flight between Manila Riyadh service uses brand- manager for its long-haul and Riyadh departs at 5:05 n e w A i r b u s A 3 3 0 - 3 0 0 division, said. The airline will fly nona.m. and arrives in Riyadh aircraft. at 11:35 p.m. (Riyadh time) “Cebu Pacific will keep stop to and from Dammam every Wednesday, Friday and flying to where the Filipinos t hr ice a we ek st ar t ing Antonio President Operations Officer October 4. Aside from Dubai, are. Corporation, As we expand our& Chief Sunday. R. Moraza, Aboitiz Power Flights from Riyadh to operations in the Middle Riyadh, and Kuwait, Cebu
DA 10 holds mosaic painting tilt
His superior creativity and his perceptive stance on the significance of the WFD celebration has pushed Johnny Ray Tagapulot (left) of Tagoloan Central School to be adjudged as this year’s champion of the 2014 mosaic making contest. Also joining him in the picture is second placer Reiner John Uba (middle) of West City Central School and third placer Jubert Tuya (right) of Tagoloan Central School; (second row) coaches Carlos Melgar (extreme left) of Tagoloan Central School and Helen Gaid (partly hidden, second from the right) of West City Central School; judges Shaun Alejandrae Uy (second from the left) and Michael Bacol (extreme right); and (1st row) Officer-in-Charge of the Applied Communications Unit of the Department of Agriculture – Regional Field Office 10 Mary Grace Sta. Elena (extreme left).
and 1 Airbus A330 aircraft.
JOHNNY Ray Tagapulot, a 12-year-old sixth grader from Tagoloan Central School will represent Northern Mindanao (Region 10) in the forthcoming national onthe-spot mosaic making contest on October 10 in Quezon City after besting 22 other contenders during the 2014 World Food Day (WFD) regional on-the-spot mosaic making contest. Tagapulot, who won the regional competition last September 26, received a cash prize amounting to P3,000. The second and third prizes went to Reiner John Uba and Jubert Tuya of West City Central School and TCS, respectively. Centering on the theme for this year’s WFD celebration: “Family Farming: Feeding the World, Caring for the
Earth”, the participants have shown their ability and artistry in their mosaic pieces by using art medium of their choice (except oil and water color) and agricultural and fishery products such as palay grains, mongo, squash seeds, corn kernel, seashells and etc. According to Mary Grace Sta. Elena, regional information officer of Department of Agriculture 10, criteria for selecting the winner include: originality (20 pewrcent), visual impact (20 percent), creative use of agri-fishery products (30 percent), and relevance to the theme (30 percent). At the national competition, Tagapulot will be joined by his coach Carlos Melgar as he vies to craft one of the five best mosaics
out from the 17 regional student-participants. Cash prize amounting to P15,000, a trophy and a plaque await the winning participating schools. They shall also be provided with an allexpense paid educational tour. This will be awarded on October 16 during the WFD celebration. Yearly, the WFD is celebrated across the globe in commemoration of the founding of the Food and Agriculture Organization (FAO) of the United Nations (UN)in 1954. DA joins the celebration through the conduct of a mosaic contest to raise the level of awareness among children in promoting food security, especially in the vulnerable segments of the society. RAFID DA 10
BusinessWeek MINDANAO WEDNESDAY | OCTOBER 8, 2014
THE BUSINESSMEN’S NEWSPAPER
2013 ppi’S BeSt in BuSineSS and economic RepoRting
editor: ShAuN AlEjANDRAE YAp uY
VIBE B1
Champions of the HOTCARZ Extreme (The 6th Cagayan de Oro International Motor Show) at the Centrio Ayala Mall, Cagayan de Oro, October 5, with Elmer Francisco & BusinessWeek Mindanao Publisher Dante Sudaria. Photo by GlEnn PAlACIO
Hot Cars Sizzle in CdeO Motor Show Text and Photos by GlENN pAlACIO
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rom trophies hauled in from manila, to the booming sounds of the car audio system setups, and the custom paint jobs with matching designs, The 6th Hot Carz Extreme Car Audio Show was held at Centrio Ayala Mall, October 4 & 5. Showing off different car models in all shapes and sizes, the car show was a great display of
ingenuity, innovation and artistry from different car customizing businesses. EMMA or the European Mobile Media Association alongside host and organizer Elmer Francisco, pitted out a 32 competitor showdown on who would be bringing home the pride and trophy as champions in their categories. hOT | Page B2
(from left) BusinessWeek Mindanao Publisher Dante Sudaria & Elmer Francisco holds trophies for a photo op during the HOTCARZ Extreme (The 6th Cagayan de Oro International Motor Show) at the Centrio Ayala Mall, Cagayan de Oro, October 5.
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BEST ANd Economic EcoNoMIc Reporting REPoRTINg Best IN in BUSINESS Business and
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WEDNESDAY|OCTOBER WednesDAY|october 8, 2014
Motoring M otoring
hOT from Page B1... Showcasing not only the local talents of Cagayan de Oro, the car show paved way for competitors from Zamboanga City and Iligan City. Judged by Mickey Tang, Adi Ong, Boyet Sy and Jino Bhucksari, the competitors showed off on the display floor as they gave both the judges and the crowd an audio festival of sorts. The winners of the event are now given a chance to compete against the finest later on this year in Cebu City as they were categorized in 3 different groups: SQ (sound quality), ESQL (Emma Sound Quality League) and ESPL (Emma Sound Pressure League). The awarding took place on the second day of the event and the trophies and certificates were awarded by both Mr. Elmer Francisco and Mr. Dante Sudaria, Publisher of BusinessWeek Mindanao Group of Publications. Champions from the car show are: Irving Agan (SQ Experienced 120k), Jorge Millan (SQ Advanced up to 240k), Noel Gallardo (SQ Advanced 2 way 360k, ESPOL Master B Unlimited, ESQL Master B Unlimited), Hansel Uy (SQ Master 240k), Ryan Chiong (SQ Master 6 channel, ESPL Advanced Trunk 2W, ESQL Advanced Trunk 2W, Abul Mala (SQ Master Unlimited), Mark Anthony Gue (ESQL Advanced Trunk 4W, ESPL Advanced Trunk 4w), Bong Taporco (ESQL Adavanced Trunk Unlimited, ESPL Advanced Trunk Unlimited), Ryan Ang (ESQL Master R Unlimited, ESPL Master R Unlimited). HOTCARZ Extreme Car Audio Show and Competition is in cooperation with EMMA: European Mobile Media Association, Ayala Centrio Mall, ABS-CBN, Mellow Touch 95.7, Business Week Mindanao, Mindanao Daily, The Cagayan de Oro Times, Mindanao Star, Seda Hotel, Focal and www.ElmerFrancisco.org.
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Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor: Cheng Ordoñez
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PROMOTING THE SCOUTING MOVEMENT
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By Anselmo B. Mercado
n 30 September, 2014, I was invited to the Boy Scouts of the Philippines (BSP) Investiture Ceremony at the Balubal National High School of Barangay Balubal, Cagayan de Oro. The ceremony was held in honor of forty (40) boy scouts of that school who were awarded their Certificates of Membership to the BSP. It was an impressive ceremony, simple, symbolic and official. It began with the march-in of the colors (Philippine flag and Scout flag), followed by a prayer and the singing of the National Anthem. Then, two designated Boy Scouts went up on the stage, the first one led the Pledge of Allegiance to the Flag, and the second scout led the Re-dedication of the Scout Oath and Law. This was followed by a welcome address by the
principal of the school, Dr. Clarito H. Oras. Immediately following that, was the speech of the Investing Officer, BSP Cagayan de Oro Council chairman Atty. Roy H. A. Raagas, and then followed by a brief message from the FICCO Community Outreach Foundation (FCOF) chairman, Anselmo B. Mercado. The symbolic ceremony consisted of: 1) the lighting of candles (one big candle by the school head, 3 smaller
candles by the school BSP coordinator, and then 12 candles were lighted by designated scouts one after another signifying the 12 laws (or values) of the scouts, namely: Trustworthy, Loyal, Helpful, Friendly, Courteous,
Kind, Obedient, Cheerful, Thrifty, Brave, Clean and Reverent; 2) the donning of the scout neckerchief on the individual scouts by the parents, and 3) the granting of the Membership Certificates. As each scout went up to the stage with his parent to get the certificate, he gave the three-finger scout salute and offered the left scout hand-shake with the officials on stage. An impressive ceremony indeed! The ceremony was attended by a good number of students and 11 teachers of the school led by their principal, the parents of the Boy Scouts, and some guests, including Atty. Raagas, Scouter Marilyn Guligado, Kagawad Rosel of Balubal who represented the Barangay Captain and B arangay B a lub a l, and FCOF chairman Anselmo B. Mercado and FCOF staff. As I write this today, it is the feast day of the Holy Guardian Angels of the Lord. The Bible reading of the day narrates how our Good Lord loves children and entrusts them to His angels, saying: “Anyone who welcomes one little child like this in my name welcomes me. See that you never despise any of these little ones, for I tell you that their angels in heaven are continually in the presence of my Father in heaven.” T h e B o y S c o u t s at the Balubal High School investiture ceremony are God’s little children, and so with thousands of other scouts (boys and girls) all over our nation. These Filipino young ones will grow-up to be men and women, the adult citizens of tomorrow, to replace the
“young once” of today. Their proper up-bring to be the persons we can all be proud of – possessing high moral standards, economically productive, socially concerned and actively involved, intellectually able, willing to serve their fellowmen and country, and God-loving – is crucial to our society. The scouting movement (BSP and GSP) is one good way to help along in the person’s development we want for our children. Ac k n o w l e d g i n g t h e s c o u t i n g m o v e m e n t ’s development role for the young, the FICCO Foundation, the Boy Scouts Council of Cagayan de Oro, the Girls Scouts Council of Misamis Oriental and partner-schools, have forged a four-way Partnership Agreement to embark in a joint undertaking, “Adopt Boys and Girl Scouts and Scout Units Program”. This joint undertaking will initially support 320 boy scouts in several schools in Cagayan de Oro, and 200 girl scouts in several high schools in Misamis Oriental (Alubijid National High School, Bugo National High School, Medina National High School, Casinglot National High School, PN Roa National High School, the Elementary Schools of St. John, San Simon, Sacred Heart Village and Malasag and National High Schools of Balubal, Tagpangi and Indahag). This is just the first step, and just a “drop in the bucket”, for the fact is, so many boys and girls out there in our schools cannot afford to join the scouting movement because
of economic hardship. At the Balubal National High School, the principal was telling us that the majority of the students come from very poor families, many from “broken families” whose parents have separated or have been negligent of their parental obligations. In fact, the principal added, some teachers have “adopted” some of the students just to help them survive and stay in school. Just before the ceremony started, we witnessed a father of a student coming into the campus, obviously drunk. He was not making any trouble, but he acted funny. It was a disheartening scene in a school. In his speech, CDO BSP Council chairman Atty. Roy Raagas revealed the Council’s plan to get more membership and support for the Scouting Movement, targeting an increase of membership of Boy Scouts by 5,000 initially and eventually to reach 25,000 within 2-3 years. He said that this planned expansion could be done with financial support from more partners, sponsors and supporters from civil society and government because funding would be needed for the scouts’ needs (i.e., annual membership dues, scout neckerchief, trainings, camping and jamb oree activities). Let us remember what our Good Lord has said: “Anyone who welcomes these children in my name welcomes me. Do not despise any of them, for I tell you that their angels in heaven are continually in the presence of my Father in heaven.” -30-
BusinessWeek MINDANAO WEDNESDAY | OCTOBER 8, 2014
THE BUSINESSMEN’S NEWSPAPER
2013 ppi’S BeSt in BuSineSS and economic RepoRting
editor: ShAuN AlEjANDRAE YAp uY
VIBE B4
Camiguin Island readies for Lanzones Festival Text and Photos by GlENN pAlACIO
A
festive atmosphere engulfs the Island of Camiguin as the local government unit, spearheaded by Governor Jurdin Jesus M. Romualdo, is preparing for their annual Lanzones Festival. The four-day festival is a grand celebration for the island’s fruit which paved way for a livelihood for the local people. To be celebrated at the town of Mambajao, the festival will showcase the best entertainment the people can offer. Tourists can enjoy a glimpse of the island’s culture from the parades, street dancing, pageantries and parties that are happening in this year’s celebration. “The sweetest in the country”, it is the pride of the people of Camiguin that they give honor to the title that has been bestowed upon
their fruit - the Lanzones. Region 10’s Camiguin Island has become a tourist destination not only for the Filipino people but also from abroad. With an airport in their locality, foreigners are seen to exit the planes and are seemingly excited to explore the island’s views. With cold & hot springs, resorts, waterfalls, and a rich history found in the island, people are now getting ready to welcome the guests that will be celebrating with them on the third week of October. Tourism Regional Director Catalino Chan III visited the island during the weekend to see for himself the preparations for the upcoming festival. Exciting, fresh and full of life, the Lanzones Festival 2014 will kick off in a few days.
Tourism Regional Director Catalino Chan III & Camiguin Governor Jurdin Jesus M. Romualdo
lanzones fruit is particularly abundant in the Camiguin Island.
A simple boat-ride to the “White Island” or sandbar in the clear waters of Camiguin is always a delight.
One may also visit the ruins of the Old Catarman Church or also known as the Guiob Church Ruins. It is one of the oldest structures in Camiguin. Built in the 16th century, the church turned into ruins in the 1870's eruption of Mt. Vulcan.
TESDA Director General, PBA Legends for TESDA-TRABAHO Advocacy Cagayan de Oro City – T h e Te c h n i c a l E d u c a t i o n and Skills Development Authority (TESDA) Region 10 in partnership with the City Government of Cagayan de Oro will be hosting the newly launched project of TESDA Director General J o e l Vi l l a n u e v a e n t i t l e d “SHOOT FOR YOUR DREAMS”. SHOOT FOR YOUR DREAMS is a basketball exhibition game which aims to motivate and
help the Filipino youth especially out-of-school youths (OSYs) in turning t h e i r d r e a m s i n t o r e a l i t y. The project will also develop and promote Te c h n i c a l Vo c a t i o n a l E d u c a t i o n a n d Tr a i n i n g (TVET) to the general public. TESDA Director General J o e l Vi l l a n u e v a t o g e t h e r with PBA Legends Alvin “The Captain” Patrimonio, Jerry Codiñera, Bal David, Rodney Santos, Bobby Jose, Kenneth Duremdes
and Marlou Aquino composed the team dubbed as TEAM TRABAHO w h i c h m e a n s , Tr a i n i n g , Reaccelerating, Access, Boosting, A High Impact, Opportunity to every Filipino. TEAM TRABAHO will be playing against TEAM OCA on October 9, 2014, 4:00-8:30 PM at Xavier University Gym, Corrales S t . , C a g a y a n d e O r o C i t y. Everyone is invited to watch the exhibition game for free.