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Cement-maker Lafarge investing P1.46B for new grinding mill

DOE asks Shell, FG to start nat gas projects Economy

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Corporate World

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Suzuki Swift is a decisive contender among hatchbacks Motoring

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Agri dept assures public of enough rice supply

Job-creating foreign investments up Banking & Finance

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As of 6:11 pm sept. 18, 2013 (Wednesday)

FOREX

PHISIX

US$1 = P43.53

6,333.96 points

12 cents

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Briefly Destination M’nao PANTUKAN, Compostela Valley Province -- Asia Travel and Tour operator looks at the tour project dubbed as Destination Mindanao as an opportunity to promote Mindanao amidst the on-going armed conflict in isolated parts of the island region. In an interview at Magnaga Waters in the Municipality of Pantukan, Compostela Valley, Alma Uy of Tagum City-based AsiaNet Travel and Tours, still kept her optimism high of the good turn-out her travel agency’s participation to the Destination Mindanao designed to take travelers to chosen sites worth visiting in Mindanao. “It is high time that we promote Mindanao as good place to see,” she said in a recent interview.

IMEM pricing IN an O r d er d o c kete d o n S e pte m b e r 4, t h e En e r g y Regulatory Commission (ERC) granted Provisional Authority (PA) to the Philippine Electricity Market Corporation (PEMC) regarding its application (docketed as ERC Case No. 2013-116 RC) for the approval of Pricing and Cost Recovery Methodology (PCRM) for the Interim Mindanao Electricity Market (IMEM). With the grant of the PA, PEMC may now start the IMEM operations using the Price Determination Methodology (PDM) that it proposed to the ERC. The IMEM PDM sets forth the specific principles and formula in determining the prices and settlement amounts for the IMEM. The IMEM aims to provide a venue for transparent and efficient use of excess energy to address the supply shortfall in Mindanao through a market driven environment.

Agri-Business

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Gov’t reaffirms quest for M’danao progress RELIABLE

IN-DEPTH

Thursday - September 19, 2013

Davao-based rural bank shuttered

By IRENE DAYO Reporter and LOVELY MAE CASENAS Staff Member

T

HE government’s economic managers yesterday sa id t he ongoing fighting in Zamboanga City has minimal or no impact on the country’s overall economy, and that the Aquino administration is committed to further advance Mindanao’s quest for peace and development. Du r i ng t he M idyea r Phi lippine Economic quest/PAGE B11

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BACK IN BUSINESS. Residents wait in long line just to get cash from an LBC branch in Zamboanga City as situation slowly going back to normal. mindanews photo by erwin mascarinas

THE MONETARY board (MB) has ordered the closure of the Rural Bank of Sto. Tomas (Davao del Norte), Inc., making it the 14th bank to be shut down this year. The regulator placed the Davao-based rura l bank under receivership last Friday by virtue of MB Resolution No. 1469, the Philippine Deposit Insurance Corp. (PDIC) said in a statement yesterday. T he MB, t he pol ic ymaking body of the Bangko Sentral ng Pilipinas, closes b a n k s w hen t he y h ave insufficient liquid assets to bank/PAGE B11

US firms eyeing trade investments Spot market website rushed in energy, environment sectors By BONG SARMIENTO, MindaNews

By BUTCH D. ENERIO Correspondent

A LARGE delegation of American business mission to t he Ph i l ippi ne s a re arriving today to explore partnerships in the energy and environment sectors, the US Embassy said in a statement. Ambassador Harr y K. Thomas, Jr. said the group, consists of fourteen US companies, will hold business-to-business meetings with potentia l distributors and customers, along with discussions with Ph i l ippi ne Gover n ment officials. “These companies have

immense experience and expertise in the renewable energy sector, in the U.S. and worldwide,” said Thomas.

Thomas said that the visiting companies can help address the growing energy energy/PAGE B11

Mindanao Daily NEWS

KORONADAL City -With a little more than a week to go before the start of the Interim Mindanao Electricity Market (IMEM), the National Grid Corporation of the Philippines (NGCP) is fasttracking development of a Web site that will support market operations. Cy nt hia D. PerezAlabanza, NGCP spokesperson, said the Web site, http://imem. ngcp.ph, will show data of all market participants. I n i t s C i rc u l a r No . DC2013-01-0001, dated Jan. 9, the Department of Energy (DoE) ordered

the Philippine Electricity Market Corp. (PEMC) to develop and implement an interim electricity market specifically designed for the Mindanao grid, which has been experiencing brownouts due to a power supply deficit. A check w it h t he NGCP Web site showed that, despite recent rains, Mindanao yesterday had a 53 -me gaw at t (M W ) deficiency, with estimated pea k dema nd of 1,227 MW against a 1,174-MW capacity. IMEM’s commercial operation is scheduled to market/PAGE B11

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

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

Economy

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DOE asks Shell, FG to start nat gas project The Dept. of Energy is asking the local unit of Royal Dutch Shell Plc. and First Gen to start their natural gas projects sans the 105-kilometer Batangas-Manila (Batman 1) pipeline. Energy Secretary Carlos Jericho Petilla explained that Batman 1 is not expected to be “in place in the next five years,” which is the timeline set by the Philippine National Oil Company.

“I f you lo ok at t he timeline, it is really gonna take that much time,” he told reporters. Thus, to start a liquefied natural gas (LNG) sector in the Philippines Petilla said

the private sector should not rely on the Batman 1 pipeline project, which PNOC is considering to be funded through the Public-Private Partnership initiative. Petilla said the master plan is expected to be finished by the end of this year but a longer time is needed for the bidding out of the project and its construction among others. L a st Ju ne , P i l ipi na s Shell said it is considering to put up a f loating LNG storage facility by 2017 if the government will build the Batman 1 pipeline. doe/PAGE B9

DOLE-10 to implement the new Labor Law Compliance System this October C AG AYA N DE O RO CITY, Sept. 16 (PIA) -The Department of Labor and Employment (DOLE) Regional Office 10 will start the full implementation of t he new L abor L aw Compliance System (LLCS) this coming October. The LLCS is the integrated framework for voluntary compliance and enforcement of labor laws and social legislations issued pursuant to t he ru le-ma k ing and visitorial and enforcement power of the Secretary of Labor and Employment. D O L E -10 R e g i o n a l Director Alan M. Macaraya said the LLCS aims to promote a culture of compliance

with the labor laws and ensure fair, expeditious and non-litigious settlement of disputes. It also encourages the use of settlement in all labor cases and at the same time strengthens tripartism. He said the new system is a developmental approach v i s - à-v i s t he s a nc t ion approach towards labor standards compliance. Macaraya said there are no more DOLE inspectors under the LLCS. “Instead L abor L aw Compl ia nce Officers (LLCOs) will assess private establishments to be compliant with the law and the standards,” he added. According to DOLE-10,

the LLCS will be implemented in three approaches, the joint assessment, compliance visit, and occupational safety and health (OSH) investigation. Joint Assessment, pre v iou sly t he re g u la r inspection program o f D OL E , w i l l a s s e s s establishments employing 10 or more employees, including Philippine registered ships or ve s s e l s e n g a ge d i n domestic shipping, as well as, sea-based and land-based manpower agencies that are found with hazards, engaged in contracting and subcontracting, and employing child employees. Compliance visit, prev iously C ompla i nt

Oil prices mixed in Asia ahead of Fed announcement

World oil prices were mixed in Asian trade Wednesday as investors await the end of the US Federal Reserve’s closely watched policy meeting to find out its plans for its stimulus program. New York’s main contract, West Texas Intermediate for delivery in October was up 18 cents at $105.60 in morning trade, while Brent North Sea crude for November fell 36

cents to $107.83. With the threat of military action in Syria receding, attention has turned to the outcome of the Fed’s t wo -d ay meet i ng , w it h expectations for a reduction in its $85 billion a month bond purchases, known as quantitative easing (QE). Bank chief Ben Bernanke will make a statement after oil/PAGE B9

Inspection, will process from request for assistance in t he Sing le Ent r y Appro a c h (SE NA) a nd found complaints for labor standards violations. OSH investigation covers instances of the existence of imminent danger, dangerous occurrences and accidents re s u lt i n g t o d i s a b l i n g injury. It also includes OSH violations committed in plain view or in the presence of the LLCO. Macaraya said LLCOs of the DOLE Regional Office are currently undergoing series of seminars for quality implementation of the new system. (Mildred E. Dablio/ APB/PIA-10)

PHL stocks down 0.17% at noon break

Philippine stocks ended the morning session f lat to a bit lower Wednesday as most i nvestors were sidel i ned a head of t he announcement of results of Federal Reserve’s two-day meeting in Washington. The main PSEi was down 10.55 points or 0.17 percent to 6,333.59 at the noon recess. “Inst itut iona l f und managers are weighing the possible results of Fed’s twoday meeting,” Grace Cerdenia of 2TradeAsia.com told GMA News Online. “The market is trading in a tight range, with the PSEi flat to lower given the rally in the past two days,” she added. Cerdenia noted investors are taking profits on property and holding firms, which posted hefty gains in the past few days. Reuters reported Asian markets held their breath on Wednesday as investors counted on the Fed to stage a modest scale back from stimulus money later in the day, with all assets vulnerable to any hint of hawkishness f rom t he world ’s most powerful central bank. The Federal Open Market Committee (FOMC) is having its t wo-day meet i ng i n Washington and is expected to announce its next steps on stocks/PAGE B9


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CorporateWorld

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

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

Henry Sy’s China Bank Cement-maker Lafarge investing eyeing Plantersbank P1.46B for new grinding mill ONE of the banks owned by Henry Sy is acquiring a lender controlled by former ambassador Jesus P. Tambunting, giving the country’s richest man more than a toehold in the small and medium enterprise (SME) market. In a disclosure to the Philippine Stock Exchange, Syowned China Bank Corp said its board approved a plan to acquire at least two-thirds of the outstanding stock of Planters Development Bank, which Tambunting chairs. China Bank said the acquisition would expand its share of the SME market, where Plantersbank is the market leader. The deal will also increase China Bank’s resources to P398.3 billion from the existing P345.6 billion, catapulting it to sixth spot from eighth at present. The acquisition would increase the Sy-owned lender’s branch network to 411 from 333. The Investment & Capital Corp of the Philippines (ICCP) acted as the exclusive financial adviser to Plantersbank for the transaction. “We are very honored that China Bank was chosen by Ambassador Tambunting and the shareholders of Plantersbank to be the partner to carry on and strengthen the legacy and advocacy of supporting entrepreneurs in this country,” said China Bank chairman Hans T. Sy. “This is a market sector that we happen to know very well, and we are excited by the opportunities to combine the strong legacy of both institutions to strengthen our presence in the SMEs and middle market,” the younger Sy said. Tambunting said the partnership with China Bank “underscores our shared commitment, and will ensure the continued development of broad-based access to financial products and solutions for the SME.” Plantersbank is the country’s largest private development bank with total assets of over P52.7 billion as of May. Its loan portfolio amounts to P33 billion, while its deposits stand at P43.6 billion. The bank has a network of 78 branches. For its part, China Bank has total assets of P345.6 billion and a loan portfolio worth P189.9 billion. For the first semester this year, the bank grew its consolidated chinabank/PAGE B9

LAFARGE Republic Inc. is spending about 25 million euros -- roughly P1.46 billion -- for a new cement grinding mill at its existing plant in Teresa, Rizal. D u r i n g y e s t e r d a y ’s inauguration of its refused derived fuel (RDF) facility and cement school in Rizal, Lafarge Republic president Renato Sunico told reporters that the investment includes 18 million euros for the cost of equipment. Lafarge will break ground for the plant this year. The proposed facility will add 850,000 tons to the Teresa plant’s capacity by the first quarter of 2015. Lafarge/PAGE B9

Ayala firms consolidate Cebu business AN AFFILIATE of Ayala Land, Inc. has taken over the latter’s majority stake in a joint venture w it h Cebu-based Taft Property Ve n t u r e D e v e l o p m e n t Corp. (TPVDC), according to separate disclosures on Tuesday. Ayala Land said it “has transferred to its affiliate Cebu Holdings, Inc. (CHI) all of its interest, rights, obligations and undertakings i n Ta f t P u nt a E nga ño Proper t y, I nc. (TPEPI)

pursuant to the company’s joint venture agreement with… TPVDC.” Ayala Land signed the said joint venture agreement with TPVDC last April. The firms formed TPEPI to develop a 12-hectare property in Mactan, Cebu. CHI, for its part, noted that it has also “subscribed to… 55% of the subscribed capital stock of TPEPI.” “ The proper t y to be developed is close to many of Mactan’s tourist-

oriented establishments. It is envisioned to become an integrated mixed-use d e ve l o pm e nt , p o s s i b l y with residential, retail and hotel components,” CHI’s disclosure read. The project is expected give CHI “a value proposition” as this is different from other projects of the company in Cebu. Ayala Land said “[t]he transaction will allow the company to consolidate its businesses, resulting in

improved efficiencies and synergy creation to maximize opportunities in the Cebu real estate market.” “The transaction will enhance CHI’s portfolio and operations for mixed-use communities and related business. It is consistent with the thrust of CHI to expand in business in the robust Cebu real estate market,” CHI noted separately. TPVDC is a Cebu-based real estate firm of the Gaisano Ayala/PAGE B9

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

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

Motoring

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Fast Autoword’s sneak preview of all-new Mirage G4 sedan in CDO By CHENG ORDONEZ

FAST Autoworld Philippines Corporation offered Kagaanons a sneak preview Friday night of the all-new Mirage G4 Sedan at its Mitsubishi dealership showroom along Gusa, Cagayan de Oro. Ms. R hod a Tibaya n, regional sales and marketing manager for Mindanao, said Mirage G4 is Mitsubishi Motors Philippines Corp.’s (MMPC) latest offering and is also ready to be previewed at select dea lerships nationwide. MMPC announced that the same preview has been made in Iloilo and Bacolod show ro om s of Ave s c or Motors; Mandaue, Cebu, and Cagayan de Oro showrooms of Fast Autoworld; Karasia in Bajada, Davao; Mindanao I nteg rated C om mercia l Enterprise in General Santos; and Maximotors in Puerto Princesa, Palawan. Ms. Tibayan told expectators prior to the unveiling: “Your anticipation

Suzuki Swift is a decisive contender among hatchbacks

equals our excitement to present the all-new Sedan Mirage G4,” even as she said that the packages being offered for the G4 fit those who are first-time would-be car owners, employees and even new grads, so long the car plan is coursed through their banks. She said Mirage G4 is

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fuel efficient and roomy and are offered in all of Fast Autoworld’s eight branches – five in the Visayas and three in Mindanao. Aside from the CDO dealership, two others are located n Butuan and Ozamis. Ms. Tibayan said the sneak preview gives interested buyers to take a glimpse of the exciting all-new model before its official sale in October. “This is their (prospective buyers’) cha nce to ta ke adva ntage of Mirage G 4 by doi ng pre- order arrangements,” said Ms.

Tibayan. The pre-order exclusive is in the form of a P40,000 outright markdown of the Mirage G4 from its suggested retail price. It can also be applied as reduct ion in down payment for financing transactions or to offset the cost of insurance of the unit. The pre-order arrangement also comes with the payment of P10,000 reservation fee of the Mirage G4. The P10,000 is considered a refundable deposit, which entitles a buyer to a preorder coupon that must be sedan/PAGE B9

SUBCOMPACT hatchback rides a ren’t just people movers. Peppy econoboxes – that’s the order of the day for small cars. Interiors must be pleasing – what the market calls for – and the drive, the handling, has to be stable not wobbly. Loaded? It’s got to be, apart from disc brakes and bright headlights. The Suzuki Swift arrived last year on the premise of its predecessor, the second generation 2005-2011 model as a stepping stone. The 2nd Gen Swift practically met the attributes mentioned above, but glaringly fell short in some aspects of what people want in a small car. Stationary or in motion the Swift is catchy. The design veered not much from the 2nd Gen

precursor, with the somewhat f lat roof retained, as well as the almost upright cand d-pillars, bulbous front end and fax waterfall rear reminiscent of European sport hatchbacks. T he he a d l i g ht s a nd taillights look like odd slices of pizza and the multi-spoke, 16-inch rims ref lect a big upgrade in appeal from the five-spoke, 15-inch rims of the 2nd Gen. Still, a headt u r ner i n sup er ma rke t parking or on the highway. Far from chintzy A black interior replaces the dark gray inside the 2nd Gen. Plastic that mimics leatherette, a smattering of fau x a luminum trim and contrasting dark gray moquet te seats adorn passenger bay that look far from being chintzy. Controls, spread in a large dashboard, are intuitive in layout with interior fonts and indicator icons, espousing audio and aircon toggling – although the centrallylocated blower dial below the head unit were as big as its thermostat and blower direction counterparts. The audio component holds something rare for small cars – iPod compatibility, not auxiliary input cable that winds an external MP3 player but a USB port for toggling between external MP3 player menu via the head unit controls. Speaking of sound, the audio system has a “Loud” balance between treble and bass. It faithfully captures even the tinkle of a triangle suzuki/PAGE B9


thursday | september 19, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Banking&Finance

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

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

SDA funds decline Job-creating foreign investments up in first half of 2013 FOREIGNERS pulled out more money than they invested in job-generating businesses at the close of the first half of the year, data FUNDS PLACED in special deposit accounts (SDA) in released yesterday by the Bangko Sentral ng the week ending August 30 declined to their lowest level Pilipinas (BSP) showed. for the year, data from the Bangko Sentral ng Pilipinas (BSP) showed. SDA deposits totaled P1.6287 trillion, dipping by 0.81% from the P1.642 trillion registered in the week ending August 23. At their peak, SDA deposits amounted to as much as P1.916 trillion in mid-February. “The decline is still part of the process of winding down placements in the SDAs,” BSP Deputy Governor Diwa C. Guinigundo said in an interview yesterday. Bank of the Philippine Islands economist Emilio S. Neri, Jr. held the same view, saying: “More likely, this is part of the exodus of funds from the trust accounts moving into the bank proper.” “The funds are solely deployed to other assets than SDAs. This could imply an uptick in domestic liquidity for the month of August,” he said. The country’s money supply already soared 30.1% in July to P6.034 trillion from a year ago -- the fastest pace of growth in more than 10 years. The increase in domestic liquidity was attributed to the central bank’s new rules on the SDA facility. The BSP has been working to f lush money out of SDAs and into the economy to support investment and consumption. In May, it limited the access of banks to the facility, banning fiduciary business and investment management accounts. Banks can only make placements for their fund management activities, specifically unit investment trust funds. They should have removed 30% of their ineligible funds in SDAs by July 30, and then completely take out the balance by November 30. The central bank also prohibited non-residents from tapping the facility last year. SDA rates have also been slashed by a total of 150 basis points this year, bringing them to 2% from 3.5% across all tenors. funds/PAGE B9

In a report, the BSP said the country suffered from $61 million in net outf lows of foreign direct investments (FDI) last June, a reversal of the $307 million net inflows in the same month last year. Despite the net pullout of investments last June, the country still enjoyed net inflows of $2.2 billion in the first six months of the year. This was 10.9 percent more than the nearly $2 billion in net inf lows in the same six-month period last year. I n Ju ne a lone, a l l

categories of FDI registered we a k e r g row t h , i f not contracted altogether. Equity c apit a l re versed to net outf lows of $193 million from last year’s net inf lows of $78 million. Reinvested earnings fell sharply from $123 million in June last year to $59 million in t he same mont h t his year. Likewise, loans that foreign companies granted their local subsidiaries or af f iliates fell from $106 m i l l ion i n 2012 to $72 million this year.

The government has been counting on the country’s credit rating upgrade to fuel inflows of brick-and-mortar investments. Two of the world’s three major rating firms lifted the Philippines to investment grade. Fitch was the first to upgrade the Philippines,

followed by Standard and Poor’s, leaving Moody’s as the only rating firm that has yet to deliver an increase in the country’s debt score. Investment grade confers lower borrowing costs for a country, thus leaving it more resources to finance economic growth.

Metrobank holding int’l road show ahead of debt sale METROPOLITAN Bank & Trust Co is holding a road show to drum up interest in an upcoming fundraiser. In a disclosure to t he Ph i l ippi ne Stock Exchange, Metrobank said it will conduct a series of international investor meetings in preparation for the issuance of tier 2 capital. “W h i le a n of fshore US dollar-denominated Reg S Basel III compliant bank capital transaction

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may follow, the timing of such offering, if any, will be subject to market and other conditions,” the bank owned by George SK Ty said. Metrobank is awaiting Bangko Sentra l ng Pilipinas (BSP) approval of the $500 million offering of tier 2 notes. Last March, the Metrobank board approved a hike in its capital to P100 billion from P50 billion. According to Basel III guidelines issued by the

BSP last January 15, any tier 2 note that a bank would issue should have a provision to write off the IOU or convert it to com mon equ it y g iven certain trigger events. The BSP circular further s t ipu l at e s t h at b a n k s must make the necessary a m e nd m e nt s t o t h e i r Articles of Incorporation to accommodate such a conversion. Me t roba n k s a id it s unaudited consolidated net income reached P18.1

billion at end-June, more t h a n dou ble t he P 7.4 billion in the same period last year and exceeding the lender’s P15.4 billion earnings for the entire 2012. Driving earnings growth was the jump in Metroba n k ’s fee-based busi ness. Non-i nterest income more than doubled from P13.9 billion last year to P28.6 billion this year on the back of strong earnings from treasury and investment activities.


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6 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

thursday | september 19, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

“Mr. C” Ryan Cayabyab demonstrates minor and major keys, and how it relates to the mood of music, in the recent Philpop Songwriting Workshop at the Rodelsa Hall, September 11. Photo by Shaun Alejandrae Yap Uy

The Night Stalker:

The Maestro in Cagayan de Oro Ryan Cayabyab promotes Akapela Open and Philpop to Oro Studes

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aestro Ryan Cayabyan was in Cagayan de Oro recently to drum up local participants for the 1st Akapela Open and 3rd Philippine Popular Music Festival, better known as Philpop. Mr. Cayabyab has created chart-topping OPM pop songs and has contributed his craft to notable theater musicals, movie scores, full-length ballets. He has also created choral and orchestral pieces. Currently he is the Executive Director of the Philpop Musicfest Foundation, the group behind the Philippine Popular Music Festival, a songwriting competition for amateur and professional Filipino composers that seeks to help elevate the Philippine Music industry. Three local choral ensembles and hundreds of other students joined the seminar-workshop “Troubleshooting for A Capella, Arranging and Performance” which was conducted free of charge at the Conference Hall of Capitol University last Sept. 11. Also present to assist Mr. Cayabyab was Philippine Choral Directors Association SecretaryGeneral Oca Pantaleon, Jr.

The 1st Akapela Open is a competition for contemporary a cappella ensemble singing. It is a project spearheaded by The Music School of Ryan Cayabyab in cooperation with the PLDT Smart Foundation and One Meralco Foundation. Mr. Cayabyab, who is fondly known as “Mr. C” to his friends and admirers, said the 1st Akapela Open aims to promote contemporary a capella singing and the appreciation for vocal harmony performance. “We want to provide a venue for new arrangements of Philippine and international contemporary vocal music as well as provide growth experiences for singers and arrangers. In this way, we can cultivate a community of contemporary a cappella singers.” The 1st Akapela Open has four levels of competition including the uploading of videos, live auditions, semi-finals and the finals on October 30 at the Meralco Theatre in Manila. The contest is open to a cappella singing ensembles whose members are aged eighteen (18) years old and above with a minimum of three (3) to a maximum of twelve (12)

singers. For more information, please visit https://www.facebook. com/AkapelaOpen. The following day, Mr. C hosted a songwriting workshop with young students of Liceo de Cagayan University at the Rodelsa Hall to encourage local participants to join the 3rd Philpop Music Festival. Joining Mr. C in the songwriting workshop were Jungee Marcelo, a veteran songwriter, arranger, producer, choreographer, radio and TV host whose “Pansamantagal” (A concoction of two words: pansamantala and tagal. Based lang ito sa personal experience ko at experiences ng iba; applicable to waiting. Sana hindi na lang tayo naghihintay palagi) and top 12 finalists Adrienne Buenaventura, a wife and mother (Sometimes That Happens: “This song is about acceptance and all the difficult times that you have to go through) and Raffy Calicdan, former member of the boy band Take Off, formerly known as Voyz Avenue (Space: “Para sa mga nasa relationship. May times na nasasakal ka na. Tungkol ito sa paghingi ng space sa partner.)

Mr C gives Liceo de Cagayan University College of Music Associate Dean Charles L. Abing a certificate of appreciation for hosting Philpop's Songwriting workshop. Photo by Mike Baños

The Philippine Popular Music Festival (better known as Philpop) is an annual songwriting competition organized by the Philpop MusicFest Foundation h e a d e d b y c h a i r M a n n y V. Pangilinan and Mr. C as executive director. Inspired by the defunct Metro Manila Pop Music Festival, Philpop is open to professional and amateur composers who are Filipinos or of Filipino descent. The competition aims to celebrate the talent of Filipino songwriting and glorify the contributions of songwriters and composers to the Filipino music industry. “Philpop reminds us how much we all are alike as Filipinos through music as our songwriters-with their lyrics, music and interpretations – bridge the divide of generations; from the glorious past, the sentiments of the present, and the hopes for the future. Mabuhay ang musikang Pilipino!” said Philpop President Ricky Vargas. Philpop was presented by Maynilad and Smart and it is co-presented by Meralco, PLDT, Resorts World Manila and TV5. It is sponsored by Metro Pacific

Investments Corporation, NLEX, PICC and Sun Cellular as well as by the First Pacific Leadership Academy, KBP, and Philex. Among its media partners are Business Mirror, Business World, partners Eastwood Richmonde Hotel, Essensuals Tony and Guy, Megaworld Lifestyle malls, Jinh Monis Salon, and the Universal Records. Behind this prestigious search is the Philpop Music Fest Foundation, Inc. The foundation “sees Filipino music as a cultural treasure and an indication of Filipinos’ identity—something that should not be neglected nor taken for granted.” PhilPop Administrator and Communications Director Patricia Bermudez-Hizon said “The foundation wishes to make music as an instrument for nation building by going around the country, and seeking out for composers who can create beautiful songs.” From 3,000 entries in its maiden year, some 3,383 entries joined the 2013 Philpop and Ms. Bermudez says they expect even more entries to join the next edition following their road show.

Composer of Daniel Padilla's hit, Na Sa 'Yo Na Ang Lahat and Philpop Finalist, Jungee Marcelo. Photo by Shaun Alejandrae Yap Uy


thursday | september 19, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Billboard

Globe Arakan XC2:

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

biking cross-country to save the Philippine Eagle habitat

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eading telecommunications company Globe Telecom, together with its partner Philippine Eagle Foundation (PEF), gears for the second year of Arakan XC, a cross-country biking challenge that will traverse the 60-km road from Davao City to Arakan Valley in North Cotabato, a known habitat of the Philippine Eagle. Slated on October 13, 2013, at least 200 bikers are expected to join the fundraising activity aimed at creating public awareness on the plight of the Philippine Eagle and the importance of saving its home. “We want to put the bikers closely in touch with nature so that they would understand why we are doing this challenge. Aside from helping save our endangered species, we want them to know that there are indigenous communities which also need our assistance so that they could properly protect and conserve the habitat of the Philippine Eagle,” said Yoly C. Crisanto, Head of Globe Corporate Communications Division. Dennis Salvador, Executive Director of PEF said: “We firmly believe that the fate of our vanishing Philippine Eagle, the health of our environment, and the quality of Philippine life are inextricably linked. That is why, we are fortunate to be a partner and beneficiary of Globe in Arakan XC2. Through the funds that may be generated from this event, we can work in further promoting the survival of the Philippine Eagle, the biodiversity it represents, and the sustainable use of our forest resources for future generations to enjoy.” The 30-km track loop circuit begins and ends at the Philippine Eagle Center in Malagos, Davao City, leading towards the Calinan District Hall about 4.6 kilometers from the starting line. Bikers will then head to Arakan Valley via the rolling, well-paved DavaoBukidnon Road until they reach Brgy. Salaysay, Arakan Valley, one of the host communities of the Philippine Eagle and beneficiary of PEF. For most part, the route passes through recreational countryside roads but changes dramatically at the final three-kilometer stretch going to Brgy. Salaysay where there are lots of uphill and downhill portions and some technical sections. Highest elevation

is 609 meters with the lowest at 188 meters. An average biker is expected to complete the loop in 4-5 hours. Globe Arakan XC is a timed event open to male and female bikers with an average level of fitness and mountain bike competence. Interested participants may register online via http://globe.ivolunteer.ph/register or personally visit the Sports Depot in Victoria Plaza to fill out the registration form. Globe subscribers will enjoy a discounted registration fee of P1,000 from the regular donation of P1,200. This includes the biker’s kit containing the event jersey, race bib #, race bike #, and food, and drinks. The amount may be deposited to the Philippine Eagle Conservation Program Foundation, Inc. BPI Quirino Branch, Davao City (Account No. 9441-011331) . The scanned copy of the deposit slip containing the biker’s name should be emailed to bridgecom@gmail.com. An email confirmation will be sent by Globe. Alternatively, donations may be done through GCASH mobile phone application. Dial*143, select GCASH option/OTHERS and then DONATE. Key in P1,000 and enter the 4-digit MPIN. Select MORE, choose PEF (Philippine Eagle Foundation). Confirmation message with name and contact details should be forwarded to 0905-405-0100. Funds that will be raised this year will be used for educational materials needed by students in the community as well as the sustainable livelihood requirements of SEBNAKA (Sinaka Eagle Bagtok Napunangan Kayupaton Association) and PALUPA (Panuangdig Lumadnong Panaghiusa). The two tribal councils are duly registered as Indigenous People’s Organization under the Department of Labor and Employment and are also active members of the Arakan Civil Society Organizations. In addition, part of the funds will be for the Paralegal and Raptor Management Training on the protection and management of the nests of the Philippine Eagle. These communities are the stewards of the remaining forest fragments of the mountain ranges of Mahuson, Sinaka, and Kabalantiian-Binoongan-Kulaman.

During the community launch of Arakan XC2 in Davao City. From L-R: Philippine Eagle Foundation Executive Director Dennis Salvador, Globe Corporate Communications Head Yoly Crisanto, LeadPack Sports Events Management Race Director Alex Sam, and Globe Corporate Social Responsibility OIC Fernando Esguerra.

The Night Stalker:

Upcoming Events in Seda Centrio Poolside Dinner Buffet Starting this Saturday, 21st September and every Saturday thereafter, Seda Centrio will be offering its Saturday Evening Buffet, Al Fresco at Misto Poolside for only PhP 450.00 per person from 07:00PM to 11PM. Unlike its Sunday Buffet, the Saturday Evening Buffet will be held outdoors Al Fresco with Live Band Music playing contemporary hits. Make your reservations now! Limited seats only!

Oktoberfest!

(Friday, October 4 & Saturday, October5) Oktoberfest, Germany’s greatest cultural festival will be celebrated on the first week of October (04th and 05th, Friday and Saturday) at Misto (Poolside). At only Php 650.00 per person, one person comes in free for every group of 10 guests! Savor traditional Bavarian dishes and free flowing beer with live music and the ambience of traditional Bavarian costumes by the staff! Reserve your tickets now, no walk-ins! Oktoberfest at Seda Centrio’s Misto poolside starts from 6PM to sawa! Check this column for weekly updates of Seda Centrio Events!


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8 Mindanao Daily NEWS

AgriBusiness PH to export Agri dept assures public US3rdallows biggest volume of of enough rice supply sugar with low tariff thursday | september 19, 2013

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

THE Department of Agriculture (DA) said consumers should not panic over the country’s current rice situation as the Philippines has enough supply of rice. This was the statement i s s u e d by A g r ic u lt u re Secretary Proceso J. Alcala during an inquiry before the Senate Committee on Agriculture and Food on September 16. “There is no reason to panic. We are expecting that rice prices will normalize in a few days, as palay harvest is star ting, par ticu larly in major rice producing provinces,” Alcala said. “Our farmers up north have started harvesting last week and will continue until harvest season in October. Farmers from other riceproducing provinces will follow,” he added. The inquiry was conducted after Sen. Cynthia Villar, who is chairman of the Senate Committee on Agriculture and Food, and Sen. Loren Legarda filed Senate Resolution 233 to i nvest igate t he cu r rent rice-supply situation in the country. The DA said rice-industry leaders, who were also invited during the Senate hearing,

supported Alcala as they reported the rice supply and price situation in their re spec t ive reg ions a nd refuted the misinformation that there is a shortage. Rice-industry leaders represented rice-producing areas in Cagayan Valley, Central Luzon, Western Visayas and Soccsksargen. Last week Alcala and other DA officials visited Isabela to witness the ongoing palay harvest, where farmers are projected to reap more than 167,700 metric tons (MT) this September. Alcala said the entire Cagayan Valley region is expected to harvest 264,700 MT of palay from 61,450 hectares in the third quarter. “Now that the harvest season has started, we are positive that the price of rice will return to normal,” he said. For his part, National Fo od Aut hor it y (N FA) Administrator Orlan Calayag said “the NFA inventory is bigger this year, compared to the same period last year,

Agriculture Secretary Proceso J. Alcala (right) rides in tandem with Undersecretary Dante Delima (left, partly hidden) on a combine harvester, during a rice harvest festival in Santiago, Isabela, held on September 14. Alcala assured farmers and local government officials of the Aquino administration’s continued support to modernize their farming operations to increase their productivity and incomes, and achieve national rice sufficiency. (DA-AFIS)

and so we don’t foresee any shortage.” He said the NFA will continue to buy palay from farmers at P17 per k ilo. Calayag also said the NFA has a carry-over of 2 million metric tons (MMT) of rice from last year. Meanwhile, Alcala sought

the assistance of Congress to draft a legislation that will penalize individuals and groups who disseminate erroneous information to create panic, cause prices to shoot up, and earn huge profit at the expense of the public. rice/PAGE B11

THE Philippines will enjoy the third-largest volume of sugar that can enter the US with lower duties for the 2014 fiscal year (FY) starting next month, the Office of the US Trade Representative (USTR) said. On its website, the USTR said the Philippines has been allocated 142,160 metric tons raw value (MTRV) under the US’ tariff-rate quotas (TRQs) on raw cane sugar for FY 2014 covering October 1 this year until September 30 next year. According to the USTR, TRQs allow countries to export specified quantities of a product to the US at a relatively low tariff, “but subject all imports of the product above a pre-determined threshold to a higher tariff.” In terms of volume, the allocation for the Philippines is just behind those for Dominican Republic (185,335 MTRV) and Brazil (152,691 MTRV). Forty countries in all may export a combined 1,117,195 MTRV of raw cane sugar to the US, the volume committed by the US under the World Trade Organization (WTO). The USTR said the allocations were based on each country’s historical shipments to the US. “The allocations of the raw cane sugar TRQ to countries that are net importers of sugar are conditioned on receipt of the appropriate verifications of origin, and certificates for quota eligibility must accompany imports from any country to which an allocation is provided,” the USTR said. The FY 2014 in-quota volume for refined sugar shipments to the US meanwhile amounts 122,000 MTRV, of which 101,656 MTRV are for specialty sugar, which include organic sugar and other specialty sugars not being produced commercially in the US or “reasonably available from domestic sources.” For sugar-containing products, the in-quota volume is 64,709 metric tons. Exports of refined and specialty sugar, as well as sugarcontaining products to the US under the TRQ can be availed by trading partners on a “first-come, first-served basis.”

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DOE... from page B2

The company plans to supply LNG to industries, which Petilla said requires a small volume compared to the needs of power plants. The DOE chief said that since Pilipinas Shell and First Gen are into the LGN business “they should get every available usage of LNG and don’t rely on one.” (PNA)

Oil...

from page B2

the meeting before holding a news conference. “The Fed is expected to announce the long-awaited decision to t aper a sset purchases,” DBS Bank said in a market commentary, adding that market consensus is for a “cautious” reduction of about $15-20 billion. “The Fed’s first order of business will be to reassure global markets that the taper will not derail the recovery,” DBS said. Oil prices rose to multimonth highs this month on fears that the US would lau nch mi l ita r y st r i kes against Syria to punish the Assad regime for its alleged use of chemical weapons on its own people. But prices eased after a US-Russia deal that will see Syria’s toxic arsenal destroyed has averted an attack for now. News t hat Libya has resumed some oil production has also helped put downward pressure on prices. Protests by oi l f ield workers si nce Ju ly had crippled Libyan production. GMA News

Stocks... from page B2

the $85-billion bond buying stimulus. “There are two issues investors are watching out for. One is the issue on succession and the other is the extent on how slow the level of quantitative easing would be,” Cerdenia said. GMA News

Lafarge... from page B3

The company has an annual production capacity of six million tons and the additional capacity will put the company in a position to meet the growing demand for cement. L a f a r g e R e p u b l i c ’s outlook for the second half remains favorable especially if construction activity stays robust. Its net income rose 56 percent to P2.39 billion at end-June from P1.54 billion in the same period last year after revenues jumped by nearly a quarter on higher volumes and selling prices. “What I can say is that, I t hin k, because of t he continuing projects of the government, continuing projects in the commercial and residential sectors, there might still be a good growth in demand,” Sunico said. “In the first half of the year, industry-wide, there was an increase of six percent [in demand]. Normally, malakas ang demand in the first half,

so [growth will be] around that much for the whole year. I guess as long as the demand continues, it will be good for the companies,” he added. On Wednesday, Lafarge inaugurated its third RDF facility that converts 50 metric tons of municipal solid waste per day into usable energy. The RDF facilities within Lafarge’s plants in Rizal and Norzagaray, Bulacan can reduce nearly a third of the solid waste in the Payatas landfill. Lafarge Republic makes use of the processed waste as alternative fuel while simultaneously manufacturing cement in a single combined operation. Aside f rom t he R DF facility, the Teresa plant also features a heat recovery system, which captu res excess heat to generate 3.5 megawatts of electricity. It also made the plant 30 percent less dependent on the Luzon power grid and cut its carbon dioxide emissions by 12,000 tons per year. “We see this facility as a clear manifestation of our efforts to be a responsible compa ny a nd meet t he cha llenges of societ y as well as play an active role i n t he de velopment of t he communit ies where we operate,” said Lafarge Holdings (Philippines) Inc president Don Lee. Lafarge Republic also opened its cement school, the first of its kind in the country, offering courses and training to develop plant operation skills, including technical and leadership skills, for the company’s employees.

Ayala...

from page B3 family’s Vicsal Group of Companies. CHI, which was incorporated in 1988, engages in real property ownership, marketing management and development. The firm owns and operates the 50-hectare C ebu Bu si ne s s Pa rk, a business and commercial subdivision in Cebu City. It also developed two office condominiums in Cebu, na mely: Cebu Holdings C e nt e r a n d t h e Ay a l a Life-FGU Center Cebu; as well as two residential condominiums -- Part Towers I and II. Ayala Land -- organized in 1988 and the real estate arm of diversified conglomerate Ayala Corp. -- engages in the real property business involv ing land bank management, residential de velopment , shoppi ng centers, office business and hotels and resorts. Ayala Land’s net income jumped 23.3% to P6.615 billion in the first half from P5.365 billion in the same six months last year. Revenues climbed 35.69% to P36.634 billion from P26.999 billion, while costs and expenses rose 39.03% to P27.514 billion from P19.790 billion. In the same comparative six-month periods, CHI’s net income slipped by 12.82%

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

to P243.904 million from P279.770 million. Income increased by 18.71% to P974 . 589 m i l l ion f rom P820.951 million, while cost and expenses grew by 36.7% to P710.747 million from P519.947 million.

Chinabank...

from page B3 profits by 46 percent to P2.96 billion from P2.03 billion last year, for a return on The China Bank Group includes China Bank, China Bank Savings (CBS), Unity Bank, CBC Insurance Brokers Inc, and Bancassurance affiliate Manulife China Bank Life Assurance Corporation (MCBLife).

Sedan... from page B4

registered at the Mirage G4 pre-order website at www. mirageG4.ph. Motioncars repor ted the Mirage G4 is the sedan version of the all-new Mirage hatchback, Ms. Tibayan ex pla i ned . But de spite sharing the same 1.2-liter, 3-cylinder MIVEC engine, the sedan version offers more leg room t h roug h the extra 10-centimeter wheelbase length, slightly wider front and rear track widths with an additional 1.5 cm., slightly increased turning radius by 40 cm. as well as an additional 1-cm. ground clearance. The Mirage G4 is also designed for longer trips with more supple suspension setup, a 42-liter fuel tank (that hatch has 35 liters), a trunk space of 450 liters, which is almost double the hatch’s 235-liter capacity, and rated fuel efficiency of 21 kilometers per liter, it said. MMPC said the Mirage G4 also offers exceptional value, as the sedan will be equipped wit h dua lSR S a irbags, elect ronic time and a larm control system (Etacs) and multiinformation display. The Etacs is Mitsubishi’s unique system that controls all of the Mirage G4’s electrical components. Suggested retail price for the four G4 variants are t he fol low ing: GL X Ma nua l P578,0 0 0; GL X CVT P628,000; GLS Manual P668,000; and GLS CVT P718,000.)

Suzuki... from page B4

i n C h a r l e s G o u n o d ’s “Funera l Ma rch of a Marionette.” In looks and ergonomics, the Swift’s cabin rivals its larger sibling, the Kizashi e x e c u t i ve s e d a n . T h a t raises the question: Should a buyer go for the P789,000 Swift hatchback or its the P1.348 million Kizashi. On thing though: the loading bay. The rear bench doesn’t fold f lush with the ca rgo a rea f loor as t he seatbelt buckles get wedged in. Still, better than the disjointed rear bench in the 2nd Gen that completely obstructs access of long and odd-shaped cargo.

Also, the current model has a narrow powerband. It ta kes ages for t he rev cou nter to ge t i nto t he lower fringes of the torque curve at 2,500 rpm onwards, forcing the driver to pin the throttle to the f loor. W id e , u n e ve n s t e p s or progression in each of the four forward gears do not help the situation. Smooth corners Result? A slushbox that’s lively but almost always out of the powerband. Advice to current and future owners: bolt an aftermarket forced induction kit for the 1.4-liter straight four. The process of delivering compressed air to the intake manifold via a gas compressor – a turbo or sup erc h a r ger, w h ic h takes force-feeds exhaust gases from the engine to the inta ke manifold – is more efficient than relying on natural breeze. O n t h e b r i g ht s i d e , h a nd l i n g , s t e e r i n g a nd braking are better if not as good as the 2nd Gen Swift. There’s little lean on bends – as the Swift is a hatchback means most of its mass is closer to the middle area, considering the car does not have a proper trunk, which allows for tighter lateral movement , pa r t ic u la rly during turns that force the rear to swing wide such as change of camber turns and switchbacks. The front rollers comply well with input from the steering wheel you give, making corner navigation – entry, apex and exit – smoot h even if not t hat silky. Steering feels light, saving driver’s wrists and a r ms f rom u n nece s s a r y work outs. Here’s the bite: the disc brakes on all wheels provide the needed grip, and the anti-lock braking system or ABS wa kes up with a vengeance with a hard stab on the pedal. This means the system that prevents the wheels from stopping completely or locking up is roused in one big push, pulsating the brake pedal and actively helping shed speed. The halogen headlights lit up to a brightness that could rival cars with high intensity discharge or HID lamps. In the end, the Suzuki Swift is a definite contender in the subcompact hatch segment. If Suzuk i Ph i l ippi ne s wou ld on ly do somet hing about t he na r row powerba nd , t he rear bench’s foldability and the uneven steps between gears…

Funds... from page B5

Meanwhile, the expected rise in liqu id it y in t he financial system due to funds leaving SDAs is not seen to stoke inf lation, Mr. Neri said. He added that liquidity growth should “normalize” in the early part of next year as ineligible funds in SDAs should be channeled to other assets by then.

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Fun Page

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

thursday | september 19, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Billy mum on Nikki’s statements about split MANILA – Actor Billy Crawford said he has yet to watch t he interview of his former girlfriend, singer Nikki Gil, who spoke for the first time about their split. In an interview with ABS-CBN News during the premiere night of his latest film “Momzillas” on Tuesday, Crawford refused to comment on the statements which Gil made, saying he has not yet seen the video. “Hindi ko pa napapanood,” Crawford brief ly said. During Gil’s “Bandila” guesting, she said it was primarily their difference in values that prompted the breakup. “If I were to give a reason for it, because I don’t think it was

never made clear, the difference is in values. It’s one of the things na napakaimportante, na pareho kayo ng pinaniniwalaan, ng values. It has to be the same. Otherwise it won’t work,” she said. Asked what she thinks went wrong in their relationship, Gil said: “I wish I knew. I think more importantly, what’s happening now is more important. There’s no use looking back. I just want to be excited for the things to come.” But when asked if there was a third party involved, Gil gave this short but meaningful answer: “At this point, I don’t think it’s any of my business anymore.” While Gil left viewers wondering because she did not answer the

Daily

HOROSCOPE AQUARIUS (January 20 – February 18) -Your value system is almost always in flux -- which is part of your charm! The deepest stuff is rarely up for review, but today you may want to reevaluate some issues that have long driven you. PISCES (February 19 – March 20) - Don’t just treat yourself to a snack -- go whole hog and get the best, most decadent treat you can find. Today is all about you, and you need to indulge your taste for the good life while you can. ARIES (March 21 – April 19) - It’s one of those days when you’ve got to lie low. Try to take the day off, if possible -- though you may find that harder than usual, as your conscience pesters you to take care of business. TAURUS (April 20 – May 20) - Don’t do anything on your own today -- you need companionship and possibly assistance to get anything done. Your energy is strong, but diffuse, so it’s hard for you to do anything in depth. GEMINI (May 21 – June 21) - You have to deal with one person too many today -- which sounds ridiculous, but it can happen. Your social energy is somewhat limited now, so make sure that you focus on your VIPs. CANCER (June 22 – July 22) - You need to dig deeply into a big mystery -- one that has been haunting you for some time. It’s a great day for exploration and enlightenment, so take time off from your daily activities.

quest ion d i rec t ly, A BS - CBN News posed the same question to Crawford on Tuesday. “I’ve said it before, there’s no third party. It’s whatever everybody else thinks right?” he said. According to Gi l, she has learned a lot from their breakup and she feels like she is currently “at the center of God’s will for my life.” “In every relationship, kapag bumangon ka mula sa pagkakadapa, of course you’re in pain for a while but in hindsight you’ll realize the things that you’ve learned about yourself, about being a partner -- which will only equip you for your future partner,” she said. push.abs-cbn.com

Mindanao Daily News’

-MovieWatch-

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CIRCLE A WORD FEATHERED FREIENDS

albatros coot cormorant jay lapwing lark magpie nightingale shrike

goose humming bird peacock pigeon ptarmigan puffin raven rook flamingo

parrot partridge swan swift thrush wren yellow hammer emu owl

stork swallow crane crow cuckoo dove ostrich starling

As the band performs its most iconic songs for thousands of their fans in a never-before-seen performance created exclusively for the film, Trip is dispatched outside the arena to meet a disabled delivery truck and recover a mysterious item being transported to the show. But the seemingly simple assignment turns into a surreal adventure when his car is hit by an out-of-control driver. Trip, dazed and bruised, climbs out of his van only to find himself pitched in the middle of a tense standoff between angry protesters and charging riot police. In the ensuing mayhem, a vicious masked h o r s e m a n s et s h i s m u rd e ro u s ey e o n Tr i p w h i l e d e l i ve r i n g indiscriminate deathblows to rioters and cops alike. Fleeing through the desolate, post-apocalyptic urban streetscape, Trip has only his wits to protect him as he attempts to deliver the band’s precious cargo and avoid becoming the horseman’s next victim.

METALLICA: THROUGH THE NEVER

SUDOKU How to play the game? Fill in completely every rows, columns and diagonals of each puzzle without repitition

of the same digit.

Yesterday’s Answer

LEO (July 23 – August 22) - Try not to get too crazy today -- things are sure to enrage you, but as long as you keep your emotions focused, you should be able to handle all this weirdness without a hitch. VIRGO (August 23 – September 22) - You’re not really sure what’s what today, thanks to confusing details that seem to contradict each other. It will all make sense eventually, but it should be at least a few days. LIBRA (September 23 – October 22) - Things are not moving in the direction you would prefer today -- so make sure that you’re dealing with them as they are instead of how you want them to be. This phase should pass pretty soon. SCORPIO (October 23 – November 21) - You’ve got a card up your sleeve that you really need to play today. There’s no better time to show off your hidden talents -- and you may actually win big at the poker game of life. SAGITTARIUS (November 22 – December 21) - Though you aren’t perfectly at home in your body today, now is still a great time to open new doors and try new things. You are likely to find something you really love doing, as long as you push yourself. CAPRICORN (December 22 – January 19) - Your mind is more in tune with music than usual, so listen to your favorite tunes or try to approach today’s issues as if they were playlists or symphonies. You’re a brilliant conductor sometimes!

Amazing Facts! Did you KNOW?? .. Seeds from a wild flower, the Artic Lupine, found in Alaska, have grown in the lab after being frozen in the ground for 10,000 years.

CROSSWORD puzzle across 1. Group of rooms 6. Petty quarrel 11. Strip of leather 13. Energy field 15. Holy 17. Linking verb 18. While 20. Ice cream topping 22. Cloak 24. Great fear 26. Self-esteem 27. Bad (prefix) 28. Lower limb 30. Garret 32. Genuine 34. Small seeds 36. and behold 37. By 39. Assault

4 1. Clapton of music 43. Come in 45. Shaping machine 46. Detecting device DOWN 2. Objective case of we 3. Of itself 4. Vestige 5. Apiece 7. Military chaplain 8. Gold symbol 9. Three (comb, form) 10. Naturalness 12. Part of a sentence 14. Step 16. Commits a mistake 19. Prose narrative 21. American university

23. _and pans 25. Transaction 27. Fine spray 29. Brightness 31. Educate 32. Batangas governor 33. Christmas carol 35. Le_, France 38. _Lippo Lippi 40. Range of knowledge 42. Pronoun 44. Radium symbol Yesterday’s Answer


Mindanao Daily NEWS

thursday | september 19, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Quest... from page 1

Briefing, the Cabinet members said the crisis is not taking a toll on the country’s overall economy, which has been logging stellar performances in the past few quarters. Finance Secretar y Cesar Purisima said the President Benigno Aquino III is bent to make Mindanao as a “major area of opportunity.” Given its size, an event in the western side might not necessarily affect other parts of Mindanao, like Cagayan de Oro City or Davao City, where a number of businesses are. “Nevertheless, we have to settle issues [there],” Purisima said. Budget Secretary Florencio Abad said the MNLF that attacked Zamboanga is “just a faction” of the organization and that the government’s communication channels are still open despite t he ac t i o n s of t h e s p li nter group. Therefore, their size is “manageable.” “This is so different from the armed encounter in the past. I think more and more territories are being recovered by the government,” Abad said. The reason why the fighting between the military and the MNLF has become protracted is because of the government does not want to have more civilian casualties, especially the rebels have taken hostages who they used as human shields. “I don’t think the situation there would cause huge economic dislocation, judging by the amount of calamity assistance that is needed to be provided,” he said, adding that the amount for relief and rehabilitation may be significant but not that big to make a dent on the entire Philippine economy. Meanwhile, with government forces claiming to have taken back 80% of areas previous held by the MNLF rebels, Zamboanga City’s ports of entries have been ordered to provisionally open starting today, Sept. 19. Albeit on limited scale, the Civil Aviation Authority of the Philippines (CAAP) resumed the operation of the Zamboanga Airport, following its suspension for safety reasons. CAAP Director-General William K. Hotchkiss announced yesterday that PAL Express and Cebu Pacific would have one flight today. By Friday, both carriers can mount two flights each. Hotchkiss said the agency lifted the Notice to Airman (Notam) because “of improving situation at the Zamboanga airport.” The Notam would have been in effect until September 21. Hotchkiss said CAAP Deputy Director-General Captain John C. Andrews will board the first flight out of the Ninoy Aquino International Airport (NAIA) tomorrow to oversee the preliminary flight. Minimal impact In a separate advisory, the Philippine Ports Authority (PPA) also said operations at the Zamboanga City baseport has resumed, but under tight security amid continued fighting between government troops and the MNLF. PPA said its employees and other port workers reported for work “under tight security watch by the Philippine Coast Guard and other government security allies.” The agency had suspended operations at the port last September 9. PPA expects the suspension to have had a minimal impact on shipping firms as some vessel calls and cargo were diverted to the Port of Dapitan in Zamboanga del Norte. The Zamboanga City baseport is the main port of entry to the Zamboanga peninsula, with a cargo throughput of 1.71 million metric tons, based on 2012 data. Of the

total, domestic cargo reached 1.65 million metric tons and international cargo, 63,519. The port also handled 2.41 million domestic passengers last year. As the region’s commercial center, Zamboanga City serves as the peninsula’s trade link to other Southeast Asian nations, and to the rest of the world. The Philippine Chamber of Commerce and Industry (PCCI), on the other hand, pledged full support for post-crisis recovery once the standoff, now on its 11th day, is resolved. In a statement, the country’s largest organization of businessmen said it will provide support as follows: - Extend immediate relief and social services to the areas affected by the standoff in Zamboanga City; - Help business operations get back on track; and - Rebuild damaged infrastructure. PCCI president Miguel Varela said the board in a meeting agreed to back a “mini-Marshall plan” to bring back Zamboanga City on its knees. PCCI said Zamboanga City accounts for 40 percent of gross regional domestic product and is home to 16 canning factories supplying 80 per ent of the country’s sardines. The city also is the gateway to other Asean countries when the region’s economic integration starts in 2015. Citing Bangko Sentral ng Pilipinas (BSP) data, PCCI said the standoff in Zamboanga City cut back money circulation by P50 billion during the first nine days of the conflict. Varela said PCCI will ask government to expedite the processing and release of calamity loans from the Social Security System, Government Service Insurance System, Pag-Ibig, and other government financial institutions. As well, the business group will push for the suspension of the minimum wage for new labor market entrants in Zamboanga City in the next six months.

Bank... from page 1

meet liabilities or cannot continue doing business without involving losses to depositors or creditors. The three-unit bank is headquartered in Sto. Tomas, Davao del Norte. All the closed bank’s assets, including 8,023 bank accounts with deposits amounting to P67.7 million, will be managed by the PDIC. The bank was majority-owned by the estate of Mariano S. Solis, Sr. (22.6%), Rosele R. Solis (17.9%), Oscar L. Lacuesta (7.8%), Ma. Lourdes S. Pineda (6.7%), Debin Uraya (4.1%), Abundio T. Merced (3.9%) and Marsman Estate Plantation (3.8%). Ms. Solis ser ved as the chairman and president of the rural bank. “Upon takeover, all bank records shall be gathered, verified and validated [by the PDIC]... All valid deposits shall be paid up to the maximum deposit insurance coverage of P500,000,” the PDIC said. Depositors with balances of up to P15,000 and with no outstanding obligations do not need to file deposit insurance claims. Those with balances of more than P15,000, holders of certificates of time deposits, and individuals with outstanding obligations with the bank should file their insurance claims not later than the third week of September. “The PDIC will conduct a depositors’ forum on September 20 to inform depositors of the requirements and procedures for filing deposit insurance claims.,” the state-run deposit insurer said.

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

Energy... from page 1

and environmental needs of the Philippine economy. The participating companies come from various U.S. locations and offer a wide variety of products and services include: The US companies include: • Auxin Solar (solar modules); • DSC Dredge (portable dredges); • First Carbon Solutions (environmental consulting and software); • Lumi-Solair (grid-free renewable energy solutions, including solar, wind, and hybrid); • NTFB Combustion (industrial combustion burners); • Opower (energy efficiency); • OSISoft (software for realtime infrastructure solutions); • Photonworks Engineering (renewable energy systems, energy services, and sustainable building design and development); • SAIC (advisor for energy project financing); • Severn Trent DeNora (water disinfection systems); • Silver Spring Networks (networking platform and solutions provider for smart energy networks); • SoEnergy International (energy solutions via various energy sources); and • SunEdison (solar technology). This is the fourth such trade mission from the United States this year, with another scheduled in October focusing on promoting U.S. colleges and universities. “ These c o m panies have immense experience and expertise in the renewable energy sector, in the US and worldwide. I believe they can help address the growing energy and environmental needs of the Philippine economy,” US Ambassador to the Philippines Harry K. Thomas Jr. said. The same US trade mission is scheduled to drop by Malaysia and Thailand before visiting the Philippines. “ Thailand, Malaysia, and the Philippines all represent opportunities for US environmental technology firms. Each country has significant issues to deal with, most notably water and wastewater. These countries import most of their water and water treatment equipment, often from US companies. There are also solid waste and emission control opportunities in these markets,” a notice on the US government website export.gov read. For the Philippines, opportunities for US firms arise as the country “suffers from waterrelated problems,” the notice said, citing that 20-50 percent of the population doesn’t have access to safe drinking water.

Market... from page 1

start on Sept. 26, and trials have been ongoing since Aug. 26. “NGCP remains supportive of the initiatives of DoE and PEMC and is very much willing to assist in finding solutions to the electric power concerns in Mindanao,” Ms. Alabanza said in a recent statement. “IMEM is the first step to ensure free and fair competition and public accountability.” Ermelindo R. Bugaoisan, Jr., systems and standards head of NGCP’s Technical Services Department, said the electricity market in Mindanao will focus on filling the gap in the grid. “NGCP will be in a better position to balance available capacities with demand and manage constraints if relevant data from all generators and load customers are submitted and accounted for,” he said. “This is how crucial the infrastructure of the Web-based program is to the operation of the IMEM.”

The Energy department is said to be in talks with embedded generators for the installation of Remote Terminal Unit devices that are compliant with the requirements of IMEM. Embedded generators are end-users whose generating units are indirectly connected to the grid through distribution lines and may also refer to generation facilities of large industrial customers within distribution utilities’ network that are synchronized to the grid. Aside from developing the online program for the submission of data and management of generators’ and load customers’ transactions, NGCP is also expediting the installation of revenue metering facilities among customers directly connected to Mindanao’s grid. Among its 15 grid-connected generator customers with 36 metering points, NGCP has already installed 26 IMEM-ready metering facilities. “The biggest challenge is in Agus 6 complex where five metering facilities still need to be installed,” said Emmanuel M. Sotomil, who heads NGCP’s Metering Services. He explained that, in this case, large transformers will have to be hauled, mounted and then connected to high-voltage overhead lines. NGCP has been coordinating with the National Power Corp., because the lines should be deenergized and some power plants shut down to ensure safety during installation. IMEM is designed to address the need for transparent, efficient utilization of all available capacities on the grid, particularly during periods when contracted supply is not enough to meet actual demand. It is also intended to reflect the true cost of electricity and, therefore, encourage dispatch and utilization of available power, as well as to attract new generating capacities to Mindanao. -- R. S. Sarmiento

B11

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Rice...

from page B8 He said the DA and NFA have documented repor ts about residents in Quezon City, particularly those living along Commonwealth Avenue, who received text messages and were given P500 each to line up for NFA rice to create a shortage scenario. Alcala said the DA and NFA will file charges against persons and groups who spearhead and finance such rice-shortage scenarios and misinformation campaign. Meanwhile, lawyer Argee Guevarra again criticized Alcala for “playing politics with figures that could affect the lives of Filipinos.” “Data and statistics should dictate policy, not the other way around,” Guevarra said. “Instead, what we have is a case of politically motivated statistics, numbers that aim to put the secretary in the President’s good graces, because Alcala convinced the President that the DA would make the country rice self-sufficient by 2013,” he added. The President, quoting figures from the DA, had declared at his fourth State of the Nation Address that the country was “on target” with its rice self-sufficiency road map. Alcala’s insistence on ignoring the information provided by his own agency’s data office, Guevarra said, showed that “he is more concerned with pleasing his boss, the President, rather than serving his real bosses, the Filipino people.” Guevarra warned that if NFA Council members were basing their decisions on the erroneous data provided by Alcala, then its members could not be faulted for its decisions on the volume of rice that needs to be imported.

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

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

thursday | september 19, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776


BusinessWeek Mindanao (September 19, 2013)