BusinessWeek Mindanao (September 9-10, 2014)

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Volume V, No. 41

Market Indicators As of 5:50 pm sep. 9, 2014 (Tuesday)

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Briefly SME’s growth MALAYBALAY City -- Twelve Small and Medium Enterprises (SMEs) Roving Academy were already conducted in Bukidnon as Department of Trade and Industry (DTI) continued its intensified campaign on “Gabay Negosyo sa Pagasenso” to promote growth of SMEs. SME Roving Academy (SMERA) will teach entrepreneurs the essentials of start-up and capability building, market awareness, market readiness, export readiness, export market entry, export sustainability, and export expansion, said Ermedio J. Abang, provincial director of DTI here.

“It involves several learning stages to bring to the micro, small and medium enterprises (MSMEs) the learning modules designed to promote entrepreneurship, develop key competencies in searching opportunities, product development, marketing, finance, and ways to increase productivity and efficiency,” he said.

Anti-carnapping law CAGAYAN de Oro City Vice Mayor Caesar Ian E. Acenas referred to the City Council committee on police, fire and public safety chaired by Councilor Ramon Tabor for appropriate action, the move to strictly implement the AntiCarnapping and Anti-Fencing Law in Cagayan de Oro City.

This is in response to the letter of PS/Supt. Felixberto Marudo Castillo, regional chief of the RHPU-10, who said Mindanao has become the dumping point of carnapped vehicles.

According to the RHPU head, some display centers do not have proper documents that will show the sources of units being sold.

He said there are also reports of tampering of chassis and engine numbers of vehicles.

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Lawmakers asked to hasten passage of BBL M INDANAO stakeholders are urging Congress to fast-track the passage of the Bangsamoro Basic Law (BBL) to legalize the establishment of the Bangsamoro region – a key solution to end the decades-long armed conflict and for the Bangsamoro people to regain their political power over their ancestral lands in southern Philippines.

Leaders in Mindanao made the call after it was announced that President Benigno S. Aquino III would transmit the draft BBL to leaders of C ongress on Wednesday in Malacanang Palace.

“I hope Congress will approve it immediately,” said Vincent T. Lao, chair of the Mindanao Business Council bbl/PAGE 11

FINAL DRAFT. Mohagher Iqbal (L), chair of the Bangsamoro Transition Commission and the MILF peace panel, and BTC Deputy Chair Akmad Sakkam (R), and 12 other commissioners sign Sunday the transmittal letter that would be attached to the final draft Bangsamoro Basic Law for submission to President Aquino.

Inclusive agribusiness pact to spur growth in M’danao D AVA O C i t y - - T h e partnership of the Philippine Business and Social Progress (PBSP) and the Mindanao Development Authority (MinDA) in the implementation of Inclusive Agribusiness Program in Mindanao is expected to usher in economic growth

in the poor provinces of Mindanao.

The program initiated by PBSP is aimed at embracing the poor within a company’s value chain. It was launched Monday in time for the PBSP membership meeting which had President Benigno growth/PAGE 11

SUN DRYER. Children help in clearing one side of the road of dried palay in Barangay Taytay, El Salvador City, Misamis Oriental. mindanews photo by erwin mascarinas

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E conomy 2 SK funds solely for use in youth development programs, says DILG Best in Business and Economic Reporting

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By RUTCHIE CABAHUG-AGUHOB, Contributor

OZAMIZ City – Funds intended for the Sangguniang

Kabataan (SK) shall solely be used for youth development

programs and projects.

This was emphasized

by S a n i v i e r G . Pat o c , provincial director of the Department of Interior and Local Government (DILG) in Misamis Occidental, during the recent Provincial Disaster Risk Reduction and Management (PDRRM) and Full Disclosure Policy (FDP) Summit held in the city, attended by all 490 Barangay Captains of the province.

This provision is in the Implementing Rules and Regulations (IRR) of Republic Act No. 10362, “An Act To Postpone the SK Elections on October

28, 2013, Amending for the Purpose Republic Act 9340 and for Other Purposes,” which took effect on April 13, 2014.

The IRR also provides t hat a l l inc umb ent SK Chairpersons and members remain in office only until their terms expired at noon of November 30, 2013, as “no hold over” order took place and no appointments were made to the vacated positions, which shall remain vacant until the new set of SK officials have been duly elected and qualified.

Me anw hile, all SK Chairpersons who were ex-officio members of the

MARAWI City -- Delegates f rom t h e Aut on om ou s Region in Muslim Mindanao (ARMM) bagged two major awards in this year’s Patimpalak ng Kasuotang Filipino during the 25th Philippine Travel Mart held at SMX Convention Center in Pasay City on September 5 to 7.

The ARMM won in both female and male categories of the competition.

For the male category, ARMM bagged the grand champion. The same award was won by the region’s delegates last year. For the female category, ARMM won second place.

The entries in the fashion competition were made by Moro designer Akmad Kari Jr. The materials used were weaved ethnic cloth from the armm/PAGE 11

Sangguniang B arangay, Sangguniang Bayan, Sangguniang Panglungsod or Sangguniang Panglalawigan, as the case maybe, have ceased to ser ve in such capacity after the expiration of their respective terms as SK Officials.

The 10 percent of the b arangay genera l f und allocated for the Sangguniang Kabataan (SK) shall be used by the sangguniang barangay solely for youth development programs or projects until the new set of SK officials have been duly elected and qualified.

The IRR provides that the said fund shall only be

used for the following: Youth Development Programs and Projects, such as, but not limited to, CapacityBuilding, Leadership Tr a i n i n g / Yo u t h C a m p Program, Employability Skills Training and Value Formation, Citizenship/ Nation-Building Seminar.

Health S er vices and Adolescent Reproductive He a l t h P r o g r a m , O u t of S chool Youth (OSY) Program, Socio-Cultural and Sports Development, Disaster Preparedness and Climate Change Adaptation (CCA), and other similar youth-related development programs and projects.

ARMM entry wins major in travel trade exhibition tilt

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C orporateWorld 4 San Miguel signs $1B deal to sell Philippine Airlines Best in Business and Economic Reporting

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S A N Mig u el C or p, t he Philippines’ most diversified conglomerate, has agreed to a $1 billion deal to sell its stake in Philippine Airlines (PAL) back to the group, its chief executive said on Monday.

“Yes, sold,” Ramon Ang said, confirming an earlier report that San Miguel had signed the deal.

Ang did not give more details but a source with knowledge of the deal said San Miguel and a group owned by Filipino-Chinese billionaire tycoon Lucio Tan have signed an agreement of intent to complete the sale. The deal covers the

conglomerate’s indirectly held shares in the airline, equal to nearly half of the carrier, plus loans and advances.

The agreement is subject to conditions set by San Miguel, including delivery of the total payment amount of $1 billion in a week, said the person, who wasn’t authorized to discuss the matter with media and spoke on condition of anonymity.

Earlier in the day, PAL Ho l d i n g s In c t o l d t h e Philippine Stock Exchange that both parties had yet to firm up a deal.

“Please b e informed that based on verification made this morning, the re pre s e nt at i v e s of S an Miguel Equity Investments Ins. (SMEII) and the Lucio Tan Group are st i l l in discussion and have not signed on definite agreement in regard to the disposition of equity interests in Philippine Airlines and Air Philippine Corp,” PAL Holdings said in a disclosure issued in response to a Philippine Star report about the deal.

San Miguel owns 49 percent of the parent of listed holding company, PAL Holdings, that in turn controls around 90 percent of the airline, which has a market value of about $3.4 billion.

The conglomerate bought its stake in the flag carrier from Tan for $500 million in 2012, giving the conglomerate management control of PAL and affiliate Air Philippines.

PAL shares climbed 4.35 percent earlier on Monday as San Miguel edged up 0.13 percent, against a broader market gain of 0.71 percent.

Trades in PAL reached 639,200 shares, more than s e ven t imes its 30-d ay

average trading volume.

Change of heart?

To fund the buyback, the Tan group is borrowing about $800 million from a syndicate of banks that include BDO Universal Bank, China Banking Corp., Asia United Bank and Tan’s own Philippine National Bank.

The remaining amount will be covered by Tan’s existing cash flow, sources w it h k now le dge of t he deal said. They asked for anonymity because they were not authorised to speak publicly about the deal.

The sources also said the Tan group wants to invite another investor in the airline later, allowing the group to repay part of its bank loans, which were guaranteed by shares in several Tan-owned companies, including PAL. Ang did not say why the two parties decided to end their partnership in PAL. But unconfirmed rep or ts in lo c a l me di a suggested Tan had changed his mind about giving up management control of the airline following aggressive expansion plans and internal changes that Ang introduced, including an early retirement plan that will eventually lead to Tan losing his most trusted employees.

A few months after taking control of the airline in 2012, Ang had unveiled a $10 billion programme as he sought to retire old jets with wide-bodied planes to beef up long-haul flights and expand domestic services.

The plan was to add 100 new jets to the carrier’s fleet within a period of five to seven years to make PAL competitive and profitable as rivals led by Philippine budget carrier operator Cebu Air Inc made their own deal/PAGE 11

AboitizPower bonds to start trading today ABOITIZ Power Corp. (AboitizPower) on Monday said it received the approval of the Philippine Dealing and Exchange Corp. (PDEx) to list its seven- and 12-year bonds effective today, September 10.

“The PDEx approval paves the way for the secondary market trading of the Bonds,” the company said in a disclosure to the stock exchange.

The company completed the offering on Wednesday.

Due in 2021, the Series A bonds were priced at 5.205%, while the Series B bonds due 2026 fetch 6.100%.

BPI Capital Corp. served as the sole issue manager and lead underwriter for the transaction, while BDO Capital & Investment Corp., First Metro Investment Corp. and Land Bank of the Philippines acted as co-lead underwriters.

China Banking Corp. and PNB Capital and Investment Corp. were tapped as participating underwriters.

According to the company’s registration statement filed in June, the proceeds will fund ongoing projects, including the 420-megawatt (MW) expansion of the Pagbilao coal-fired power plant in Quezon; a 300-MW coal project in Toledo City, Cebu; and two hydropower projects.

AboitizPower, a unit of Aboitiz Equity Ventures, Inc., posted a first-half net profit of P8.9 billion, down 6% year on year.

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Expect The Best

T

hink a minute…A famous professor from Harvard University did a study in a primary school. At the beginning of the school year the teachers were given the names of 5 children. The teachers were told that these 5 were the best students in the class. But the fact was that these students were only average. Well, guess what? By the end of the year all 5 average students scored among the highest in the class. They even gained 15-30 I.Q. points!

S o w hat made thos e average students change so much to become top students?

The only difference was the change in the teachers’ attitudes. Since the teachers believed that these 5 kids were the top students, they expected more from them and treated them with more respect. So these 5 average students began to believe and expect more from themselves, just by the way the teachers viewed and treated them.

You know, if you expect the best from people, they’ll usually want to give you their best. A great leader said: “Treat a person just how he appears to be on the outside, and you’ll make him even worse. But treat a person like he’s already a success, and you’ll help make him the best he can be.”

THINK

A Minute

By Jhan Tiafau Hurst

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AYALA - The Power House of Philippine Business

T

he nation’s largest holding company for investments in real estate, banking, telecommunications, water infrastructure, electronics, renewable energy, information technology and business process outsourcing (BPO) is 180 years old this year.

Ayala Corporation, which may be the oldest (founded in 1834) and a most widely diversified conglomerate, is already a byword in the world of business and industry, here and abroad.

In the late 19th century, Ayala participated in the construction of the Puente de Ayala over the Pasig River in Manila. Built of wood in 1872, the Ayala Bridge was reconstructed in steel in 1908, and was the first steel bridge in the Philippines. In 1888, the corporation introduced the first tramcar service in the Philippines. Ayala was mainly responsible for the development of Makati as the financial district of Manila and the Philippines after World War II. In April 2010, FinanceAsia named Ayala Corporation as the best-managed company in the Philippines, as well as best for corporate governance and best for corporate social responsibility.

In 2011, Ayala began building its renewable energy portfolio, beginning with a joint venture with Mitsubishi for solar power, the purchase of the iconic Northwind farm for wind power, and its joint venture with Sta. Clara Power for run-of-the-river hydro power. Ayala will contribute 1000 MW to the Philippine power supply, by 2015.

The Ayala Corporation is currently the holding company

editorial for the following: Real estate, Ayala Land Inc. AG Holdings, Ltd., Ayala Land Premier Alveol and Avida Land, Alveo Leasing Ayala Malls; Portico Land Corp. - joint venture with Mitsubishi Corporation .

For Financial Services: Bank of the Philippine Islands; For Telecommunications Globe Telecom, Inc.; and For Utilities - Manila Water Company Inc. Ayala Corporation Energy Holdings, Ltd. (also known as AC Energy and AC Energy Holdings Inc.) is the power unit of Ayala Corporation, with investments in the development of conventional as well as solar, wind, and mini-hydro energy sources.

[8][9][10][11] The wholly owned energy subsidiary of Ayala, AC Energy aims to contribute as much as 1,000 MW in capacity to the country’s energy grid over the next five years. for Business Process Outsourcing and IT - Stream Global Services; Integreon ; Grail Research, Affinity Express and HRMall.

In Automotive industry, t h e Ay a l a Au t o m o t i v e Holdings Corporation is the holding company of Honda Philippines ; Isuzu Philippines, and Volkswagen Philippines.

Its non-profit organizations are: Ayala Foundation; CENTEX; Ayala Museum ; Philippine Development Foundation; Ayala Technology Business Incubator ; Filipinas Heritage Library; and Ayala Social Initiatives.

Also, t h e Ay a l a C or p or at i on has s i nc e diversified into joint ventures and collaborations with other companies to promote growth and domestic cooperation: Light Rail Manila Consortium - a consortium between the Ayala C orporation and Metro Pacific Investments Corporation regarding the LRT Line 6 or more commonly known as the LRT Line 1 South Extension, the LRT Line 1 Common Station, and the LRT Line 1 Concession.

AF Consortium - another consortium between the Ayala Corporation and Metro Pacific Investments Corporation regarding the unified Automated Fare Collection System for LRT-1, MRT-2, MRT-3, and eventually also for the PNR and other public transport.

Team Orion - a consortium between the Ayala Corporation and Aboitiz Group. Its projects include the bid for MactanCebu Airport, Mandaue City development and CaviteLaguna Expressway.

Ayala and Ortigas - Ayala has recently sealed a deal with a group led by Ignacio Ortigas for the development of the Ortigas family’s land bank area.

Affordable Private Education C enter, Inc. (APEC Schools) - a joint venture between the Ayala Corporation and Pearson PLC’s Affordable Learning Fund (Pearson ALF). It promotes affordable but highquality education. The tuition fee is PHP 65.00 a day.

Driven by its promise of “Pioneering the Future,” Ayala Corporation, a subsidiary of Mermac, Inc., the holding company of the Zobel de Ayalas, maintains a tradition of business excellence and integrity that runs through seven generations.

In April 29, 2010, Finance Asia cited Ayala Corporation as best-managed company, best for corporate governance, and best for C orporate Social Responsibility (CSR). As CSR arm of Ayala Corporation, Ayala Foundation, Inc. (AFI), the former Filipinas Foundation pursues development programs in education, youth leadership, technology and entrepreneurship, arts and culture, environment and sust ainabi lit y, and community development. It was established by Col. Joseph R. McMicking and his wife Mercedes Zobel-McMicking in 1961, and has benefited more than two million Filipinos in more than 3,000 schools and communities around the country.

Congratulations to the Ayala Corporation headed by its Chairman Emeritus Jaime Zobel de Ayala, Chairman and Chief Executive Officer Jaime Augusto Zobel de Ayala, President and Chief Operating Officer Fernando Zobel de Ayala, Senior Counsel and Corporate Secretary Mercedita S. Nolledo, and Chief Finance Officer Delfin C. Gonzalez Jr., and all it officers and personnel, for steering the corporation into a remarkable business pillar of the nation’s economy.

May it continue to reap success for the future of our country.

Europe, US Tour?

Who is PNoy Kidding?

L It reminds me of the true story of 7-year-old Johnny.

His school teacher got so tired of him one day she said: “Johnny, you’re the naughtiest boy in this class! Besides that, you’re the dumbest!”

The next year Johnny had a different teacher. After the first day of class, his new teacher met with him. She said: “Johnny, I’ve heard a lot about you!” Then she smiled and said to him: “But I don’t believe a word of it!”

From the beginning, Johnny’s new teacher treated him as if he was one of the smartest, best behaved students. Well, you guessed it. After just a few months, Johnny became one of the top students in that class. Later on he was made a school prefect and leader!

That’s the power of our love, belief, and encouraging hurst/PAGE 11

IFE’S INSPIRATIONS: “…

Youths oppress my people, women rule over them. My people, your guides lead you astray; they turn you from the path…” (Isaiah 3:12, the Holy Bible).

-ooo EUROPE, US TOUR? WHO IS PNOY KIDDING? So, President Aquino is going to Europe and the US, allegedly to secure more business investments for the Philippines. But whom is he kidding?

Would European and American businessmen really want to come here and do business with us, when South Koreans just very recently are threatening to pull out their businesses from the Philippines b ecaus e of unsolved, unchecked, and unmitigated crime and criminality?

When a former ambassador from the Czech Republic is complaining that businessmen from his country are being asked, purportedly by people

who are close to top political leaders, to shell out grease money in millions of dollars so they could be favored with juicy contracts?

When kidnapping is always on the rise? When rapes and murders, even in broad daylight, continue to happen with impunity, and illegal drugs are openly traded even by men and women in uniform?

When government is unable to stabilize the supply of electricity and is, itself, being blamed for power outages which are believed to be mere tactical strategies to generate funding for the President’s political party in time for the 2016 presidential elections?

When government is inexplicably unable to solve the problems of stagnating traffic and flooded streets? Well, really, that European and US tour will only be another waste of people’s money because, with all of these unsolved ills in our country, who would want to come and invest here?

-ooo PINOYS CAN BLAME NO ONE FOR PNOY: This, really, confirms the accusation by former Sen. Joker Arroyo, the “legal mind” of former President Cor y Aquino from 1986 to 1992, that the present Aquino government, h e a d e d by C or y ’s s on Noynoy, is a “student council government” led by an “evil genius”. Governance in this country is now directionless because those leading the government are possessed with the mentality and capacity of mere student council officers.

But then, come to think of it, having “student council governance” by leaders with “student council mental capacity” is a curse warned about by God through the prophet Isaiah and which could be read in Isaiah 3:4 and 12 of the Bible. Why will this curse be visited upon a nation?

Because the citizenry has chosen to forget God, has refused to listen to Him by

K akampi

Mo A ng Batas

By Atty. Batas Mauricio

not reading His Bible, and has chosen to rebel against Him by not obeying His commands.

Unless we understand that we should all convert from our rebellion against God, we are all destined to perish, not only here, in the hands of incompetent leaders, but even in the life hereafter, in the lake of eternal fire and worms.

-ooo REACTIONS? Please call me at 0917 984 24 68, 0918 574 0193, 0922 833 43 96. Email: batasmauricio@yahoo.com, mmauriciojr111@gmail.com.

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New PaDayon Pilipino member. Misamis Oriental Governor Yevgeny Vincente B. Emano swears in Lagonglong Vice Mayor Leo Orog Sr. as new member of the PaDayon Pilipino party on September 5, Friday at Brgy. Umagos, in time of the turn over of three emergency response vehicles to barangays Umagos, Kabulawan and Taboc in the municipality of Lagonglong. According to Vice Mayor Orog Sr. he admires the good works of Gov. Emano in serving the people of the province and he prays to be with a leader with such dedication.

In this photo are board member Susan Lagbas (second from right), former barangay Kauswagan, Lagonglong chief Franklin Saburnido (center) and Office of Barangay Affairs consultant Jerry Khu.

Cebu Pacific to fly to Riyadh starting October 1 The Philippines’ leading airline, C ebu Pacif ic (PSE:CEB) will launch thrice weekly non-stop f l i g ht s t o R i y a d h i n the Kingdom of Saudi Arabia, starting October 1, 2014. It will be the only low-cost carrier flying between the Philippines an d t h e Ki ngd om of Saudi Arabia.

The Riyadh service is scheduled to depart Manila at 5:05pm every Wednesday, Friday and S u n d a y, a r r i v i n g i n Riyadh at 10:35pm. The return flight will depart Riyadh at 12:45am every Monday, Thursday and Saturday, ar r iving in Manila at 3:40pm.

To introduce the new route, CEB holds a PHP 1 seat sale for flights from Manila to Riyadh, from September 8 to 10, 2014.

Travel period is from October 1 to December 31, 2014. After the seat sale, fares to Riyadh start at P3,499.

“We have long wanted to serve the substantial p opulation of Global Filipinos in the Kingdom of Saudi Arabia. It will be our utmost pleasure to bring them home more often, on our extensive network and trademark low fares that are up to 35% lower than other a i r l i n e s ,” s a i d C E B G eneral Manager for Long-Haul Division Alex Reyes.

“Wit h D am m am , Kuwait, Dubai and now Riyadh, Cebu Pacific’s network in the Middle East is made wider. We offer the most number of seats on this direct route, so there are m ore af ford abl e an d faster flights home for t h e G l o b a l F i l ipi n o s working and living in the Kingdom of Saudi Arabia,” he added.

As per 2012 Commission on Filipinos Overseas estimates, there are over one mi l lion Global Filipinos based in the Kingdom of Saudi Arabia.

CEB’s flights to Riyadh will utilize the airline’s brand-new Airbus A330-300 fleet with a configuration of 436 alleconomy class seats. Its 5th A330 aircraft was just delivered brand-new from the Airbus factory in Toulouse, France on September 2, 2014.

The airline also offers f a s t a n d c o nv e n i e nt same-terminal connecting flights for guests taking advantage of CEB’s wide Philippine network. Passengers have the option to purchase baggage allowance, seat selection, CEB Air WiFi connectivity inflight and Hot Meals.

As i d e f rom C E B’s long-haul network in the Middle East, CEB also launched its longhaul flights to Sydney, Australia last September 9, 2014.

For b o ok i ng s an d inquiries, guests can go to www.cebupacificair.com or call the reservation hotlines (02)7020888 or (032)230-8888.

T he l ate st s e at s a l e s can also be found on CEB’s official Twitter (@cebupacificair) and Facebook pages.

CEB’s 51-strong fleet is comprised of 10 Airbus A319, 28 Airbus A320, 5 Airbus A330 and 8 ATR-72 500 aircraf t.

It is one of the most modern aircraft fleets in the world. Between 2014 and 2021, C ebu Pacific will take delivery of 11 more brand-new Airbus A320, 30 Airbus A321neo, and 1 Airbus A330 aircraft.

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(From L to R) Provincial Board Member (PBM) Mario Emano, PBM Bing Dumadag, Sugbongcogon Vice Mayor Mildred L. Mondigo, Vice Governor Joey G. Pelaez, PBM Nancy Madjos, PBM Benedict Lagbas, PBM Heckert Emano, PBM Dandan Chan and former PBM Geronimo Lagbas in the viewing hill of Barangay Kaulayanan. The said barangay is fabled for its majestic view and cold weather. Behind them is the island province of Camiguin.

SP VISITS BARANGAY KAULAYANAN WHICH WAS RECENTLY DECLARED AS THE SUMMER CAPITAL OF MISOR MISAMIS ORIENTAL – “The fable is real,” Vice Governor Joey G. Pelaez said during his visit in Barangay Kaulayanan in Sugbongcogon, Misamis Oriental. The Sangguniang Panlalawigan of Misamis Oriental held their 32nd Regular Session in the said Barangay as requested by Provincial Board Member Benedict P. Lagbas in order to experience firsthand its beauty.

Barangay Kaulayanan in Sugbongcogon town is located 14 kilometers away from the national highway and situated 1,100 meters above sea level. It has a majestic view overlooking the Macajalar Bay and the island province of Camiguin. The Laguindingan International Airport can be seen from its viewing hill. It also has a cold weather, a very suitable place to stay especially during hot summer months.

It will be recalled that Provincial Board Member Benedict P. Lagbas authored a re s olut i on d e cl ar i ng Barangay Kaulayanan, in

Sugbongcogon, Misamis Oriental as the Summer Capital of the Province. The resolution was recommended by t h e C om m i t t e e on Tourism and passed by the Sangguniang Panlalawigan during its 13th Regular Session.

If properly developed and managed it will certainly contribute to the tourism industry not only for the Municipality of Sugbongcogon but also for the Province of Misamis Oriental. “ The main thrust of Governor Bambi Emano’s administration is centered on tourism. The development of Barangay Kaulayanan will be an income-generating destination most especially in the 1st District. Furthermore, it can bolster the tourism industry of the province and help Governor Bambi B. Emano in his objective in making Misamis Oriental a major tourist destination here in Mindanao.” Vice Governor Pelaez said.

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Mountain Athletics Press Release # 1: TNF CDO x CGYFit Event The growing trend for active lifestyle participation is a boon to our society. Increasing gym memberships, constant participation in fun runs and the mainstream adaptation of triathlons and ultramarathons, strongly suggest that urbanites are seeking for healthier ways to relieve stress.

However; a gap exists between race days as majority of participants, especially of fun runs, tend to regress into a sedentary lifestyle right after the event day.

Enter Mountain Athletics, the high intensity interval training (HIIT) module designed by The North Face specifically for outdoor pursuits such as ultra marathons, mountaineering and hiking. Mountain Athletics also is the name of TNF’s latest collection of training apparel that provides full range of motion and added durability when performing rigorous exercises such as rope pulls,

sandbag presses, box jumps and core work. “With today’s fast paced lifestyle, technological distractions and plethora of unhealthy eating options staying fit and committing to an exercise regimen is difficult” said Jundel Llagas, Division Manager for The North Face Philippines. ‘What we seek with Mountain Athletics is to create a community of individuals who want to get in shape and commit to stay that way. We want to imbibe MA as part of people’s lifestyle regardless if they are an athlete or not’ he continues. ‘The end goal is to discover your inner athlete and to train for more than a game.’

The full MA program comes with a mobile app operating on the iOS platform that can be downloaded thru: http:// www.thenorthface.com/en_US/mountain-athletics/ . TNF Ph wants to take the engagement even further however and will come up with a series of events for customers to

sample the workouts for real.

‘CDO is proud to host the launch of the The 1st Mountain Athletics challenge’ says Hazel Ditching-Sambilay, Area Supervisor for The North Face. In cooperation with SM City CdO and CGYFIT, TNF has developed a localized program that will challenge the resolve and fitness level of athletes, sports enthusiasts and the general public alike.

‘We encourage everyone to visit The North Face store at SM City and register for free, the Mountain Athletics Challenge will happen on Sept 21 at the SM Activity center. We will be giving away raffle prizes to the audience and participants.

The winners will get products from TNF as well as sponsored slots to the Mapawa Trail Run and ultimately The North Face 100 in 2015 in Manila, all expenses paid!’ Sambilay excitedly announced.

To be optimally prepared for the Mountain Athletics Challenge, TNF recommends the following gear: ULTRA KILOWATT FOOTWEAR

VOLTAGE CREW SHORT SLEEVE CREW Crank up your gym conditioning or halfmarathon training with a knit T-shirt that's completely constructed with wicking FlashDry™ fibers for unparalleled moisture management.

Flatlocked seams lay flat against the skin to reduce chafing while doing sit-ups or closing in on mile 12. Slightly longer back hem keeps you covered during vigorous workouts.

Execute rigorous mountain athletics workouts with the lightweight support and protection of this minimally structured training shoe that's reinforced in high-wear zones and finished with grippy Vibram® soles. Pebax® CRADLE™ technology in the low-profile midsole offers exceptional energy return for a springy feel and impact protection for enhanced stability. FlashDry™ fibers in the lining and breathable Ultra Airmesh make socks optional. More details here: http://www. thenorthface.com/catalog/sc-gear/men-8217-s-ultra-kilowatt.html

AMPERE SHORT SLEEVE CREW Train harder in a lightweight crew that's crafted of extremely durable, wicking FlashDry-XD™ fibers and get fit without compromise. As you train to meet your fitness goals, the body mapped ventilation will keep you cool and dry during tough workouts. The hem dips slightly lower in the back for extra coverage when raising arms overhead to finish a set of sandbag presses.

CIRCUIT SHORTS A versatile training layer to stash in your gym bag or locker, these 10" inseam shorts are crafted of breathable mesh and is reversible from a solid to a stripe. Stash pocket holds your key, card, or cash for safekeeping until the end of your workouts. This product contains at least 90% bluesign® approved fabric -- a standard for environmentally responsible production.

The North Face is exclusively distributed in the Philippines by Uniglobe Travelware Co. Inc a member of the Primer Group of Companies.

The Mountain Athletics Challenge is made possible in partnership with: Cobra Energy Drink, Summit Drinking Water, SM City CDO and CGYFIT.

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10 FinanceAsia Cites Filinvest Land as Best Mid-Cap Company

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CEO and President Josephine Gotianun Yap receives the award for Filinvest Land Inc. as Best Performing Company in Asia under the Mid-Cap category from ATR Kim Eng Securities President, Lorenzo T. Roxas and ATR KimEng Asset Advisors Chairman Ramon T. Arnaiz.

Filinvest emerged in the annual polls aimed at determining the best-performing companies in the region from the perspective of investors and analysts. Polling was conducted over one month in Hong Kong, Mainland China, Taiwan, Indonesia, the Philippines, Thailand, India, Singapore, South photo supplied Korea, and Malaysia.

Philippines hosts 1st eSports Asian Championship at SUN Cellular-GameXeSports Festival The finest Asian online gamers are headed to the Philippines for the 1st eSports As i an C h ampi onsh ip competition, the main highlight of the SUN Cellular- GameXeSports Festival at SM City Cebu Trade Hall from September 12 to 14.

“It is a huge honor for our countr y to be chosen as the host of the first ever eSports Asian Championship, which hopefully allows more Filipinos to notice and appreciate our growing eSp or ts industr y and the goodness and excitement that come with it,” said Ir ymark ‘ Tr yke’ Gutierrez, the exe c ut ive dire c tor of the Philippine eSports Organization (PeSO), the main organizer of the event.

The top teams of In d on e s i a , Ma l ay s i a , Mongolia, Philippines, South Korea and Thailand will battle it out on the popular game Defense of the Ancients (Dota) 2 for a prize pool worth USD 10,000 and the privilege to represent the region at the International e-Sports Federation World Championship in Baku, Azerbaijan on Nov. 12 to Nov. 17.

A multi-player online battle arena game, Dota 2 matches are played between two five-player teams whose goal is to destroy the stronghold of t he opp osite te am while defending their own. The game features stunning graphics and requires great strategy and coordination among teams, making it a p opular game among millions of professional and casual players around the world.

The upcoming

international tournament at t he SUN C el lu larGameXeSports Festival will expose Filipino gamers to world-level competition and allow them to showcase their skills, according to Gutierrez. “Gamers take pride in being able to represent our country, and I believe that they’ll put up with a good fight against the best in Asia.”

Aside from Dota 2, t he SUN C el lu larGameXeSports Festival will also feature other exciting games such as Ultra Street Fighter 4, Tekken Tag Tournament 2 and Hearth Stone, as well as other exciting activities like Cosplay, RIG Competition, Strife Free play, Clash of Clans fan meet-up, sponsors exhibit and photography competition and raffle of gaming gears.

SUN Celullar Prepaid and Postpaid subscribers at the event will also have a chance to take home premium items and learn more about how they can conveniently buy gaming credits using GameX, the online portal developed by Smart Communications, Inc. (Smart) for eSports players, and a leading eSports advocate in the country.

Tickets to event are priced from P100 to P1,000, available at Ticketnet outlets and SM Cinemas.

For more information on the event, visit www. esports.com.ph or the official PeSO Facebook p age (w w w.faceb o ok. com/phi lesp or ts). To learn more about the latest offers from SUN C ellular and GameX, v isitw w w.suncel lu l ar. com.ph and www.gamex. ph/epins, respectively.

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BBL... from page 1

in Mindanao.

Lao also called for the members of Congress to set aside their political and personal interests in the deliberation process rather put premium the interests of the people not only of Mindanao but the entire country as well.

Even leaders of the Moro National Liberation Front (MNLF) have backed the BBL, saying the proposed bill is their hope for the Bangsamoro people to achieve a genuine autonomy over their lands in Mindanao.

“Let’s hope it shall usher in a better autonomy for Bangsamoro. Otherwise, it becomes a mere exercise in futility, another experiment.

Anything new must prove itself better than the old,” Kong Sahrin, secretar y general of the MNLF central committee.

Muslim groups have also welcomed the submission of the BBL to Congress by President Aquino.

“We welcome the good news and enthusiasm to help in peace building and hopeful that sustainable peace be achieved,” Prof. Alih S. Aiyub, secretar y general of the Bishop-Ulama Conference.

Other expressed that Congress should ensure that the BBL is inclusive.

“Hopefully the last version they made truly reflects the sentiments/aspirations of the Mindanaoan. Again, the last revision was away from the public eye. Hopefully, no secret deal just to rush the law,” said Alrashid Jama, member of the Golden Crescent Consortium of Peace Builders and Affiliates, and a University professor.

“Alhamdulillah! The submission of BBL is a welcome development and

I enjoin the Zamboanga City Muslim communities to be hopeful for the finality of the issue of Bangsamoro.

However, let us also be reminded that Zamboanga City’s multi-ethnicity and its diversity are unique and this the MILF should respect as its constituents decided to be not part of ARMM and possibly of the Bangsamoro Government,” s a i d I s m a e l I . Mu s a , mandatory representative to the Zamboanga City Council.

The BBL serves as the l eg a l do c ument of t he Comprehensive Agreement on the Bangsamoro (CAB) which is a result of more than 17 years of negotiations as the parties vowed to end the decades-old conflict in the south. When passed into law and ratified in a plebiscite in the core territory, the BBL will establish the Bangsamoro government in Mindanao as envisioned in the southern peace deal. (PNA)

Growth... from page 1

In the Matter of Petition for the Adoption Of the Minor JONATHAN FENIZA ROJAS

SPL. PROC. NO. 487

SPOUSES CORSINE T. ROJAS and DEISY L. ROJAS

Petitioners.

X-------------------------------------------------/// ORDER The petition seeks for the adoption of minor Jonathan Feniza Rojas by petitioners, Spouses Corsine T. Rojas and Deisy L. Rojas.

Finding the petition sufficient in form and substance, the same is hereby given due course, Let the hearing be set on February 23, 2015 at 2:00 o’clock in the afternoon before this court.

At the expense of the petitioners, let this order be published once a week for three (3) consecutive weeks in a newspaper of general circulation in the Province of Camiguin.

The Regional Director of the Department of Social Welfare and Development, Region X, Cagayan de Oro City, is hereby directed to assign a Social Welfare Officer to conduct a home and child study on the adopting parents, the natural parent and the child to be adopted. She is also directed to conduct counseling sessions with the biological parent of the child to be adopted. The reports thereof shall be submitted to this court sixty (60) days from the receipt of this order.

Petitioners are to make arrangements with the assigned Social Welfare Officer for the scheduling and incidental expenses in conducting the case study.

Let copy of this order and the petition be furnished upon the Local Civil Registrar of Mambajao, Camiguin, the Solicitor General and the Provincial Prosecutor of Camiguin, for their appearance in behalf of the state.

SO ORDERED Mambajao, Camiguin, August 19, 2014.

BWM: Sept. 3, 10 & 17, 2014

rate and eventually reduce u n e m p l o y m e n t r a t e ,” Antonino said.

She said PBSP’s inclusive agribusiness program moves along MinDA’s mandate by facilitating investment and agribusiness. (PNA)

ARMM... from page 2

five provinces of the region.

“The judges were very impressed with the ethnic f abr ic,” s aid Must apha Ala Jr, head of the ARMM delegation.

Renowned designers Renee Salud, Frederick Peralta and John Herrera were the panel of judges during the fashion competition.

Philippine Travel Mart is the biggest travel trade exhibition in the promotion and marketing of domestic and inbound tourism.

Deal... from page 4

aggressive expansion moves.

Last month, PAL Holdings said in a stock exchange filing

that it posted a net income of 1.5 billion Philippine pesos ($34 million) in the three months to June against a net loss of 1.1 billion pesos a year earlier.

The extra money from the sale of its stake in PAL would boost San Miguel’s cash stash that it could tap to fund new investments, including acquisitions. Ang had told Reuters last month San Miguel could concentrate more on its food business if it exits from PAL. San Miguel, which started as a brewery more than a century ago, has in capital-intensive power generation and distribution, oil refining, mining, telecom, i n f r a s t r u c tu re s u c h a s airports and roads, and airline businesses since 2008.

Hurst... from page 6

attitude toward our children.

You see, that’s how God loves and believes in you and the abilities He gave you. So won’t you ask Jesus Christ to take charge of your life

today, and every day of your life? He’s the One Who will help you become your best.

He’ll also help you to love and expect the best from others.

Just Think a Minute…

Lot for Sale 1). 5.6 hectares with 2 hectares quarry with approved permit.

Located at Sta. Ana tagoloan, Misamis, Oriental.

2). 4.6 hectares with 2 hectares quarry with approved permit .

Located at Natumolan, Tagoloan, Misamis, Oriental.

Contact No. 0926-9802 -302; 0927-272-8975; 0936-335-2901; 0928-993-9222

Aquino as guest speaker.

Paul Dominguez, PBSP Mindanao Regional Committee chair said PBSP wants to exp and its exist ing advo c acies on education, health and poverty reduction to inclusive business which basically links large companies to small stakeholders particularly the farmers.

He is confident Inclusive Business or IB would significantly reduce the size of “second Mindanao” which he described as areas in Mindanao which could not access to education and health programs of the government.

“S econd Mindanao still exists. There are those areas which have no access to education. It is for this reason that PBSP is launching

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region Branch 28 Mambajao, Camiguin

the inclusive agribusiness program,” he said.

Dominguez described poor communities as the Base of the Pyramid (BOP) economic Segment. “These communities should be part of a company’s value chain as suppliers, distributors, employees, or consumers.

He said the BOP segment in the Philippines represents about 60 percent of its total population of 100 million.

MinDA chair Luwalhati Antonino, who together with Dominguez led the signing, said the inclusive agribusiness program is the beginning of doing more.

She said Mindanao economically performed well with a GEDP of 8.1 percent in 2012 which is higher than the national GRDP for same period which is 7.2 percent.

H o w e v e r, t h e h i g h unemployment rate disconnects with the soaring GRDP. “This economic growth in Mindanao need to reflect parallel growth by improving the employment

11

(Sgd.) JEOFFRE W. ACEBIDO Acting Presiding Judge

SUPREME COURT REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE File No. 2014-192

Upon Extra-Judicial Petition for Sale under Act 3155 as amended by Act No. 4118, filed by HOME DEVELOPMENT MUTUAL FUND (Pag-IBIG Fund), a government financial institution duly organized and existing under and by virtue of Republic Act No. 9679, with principal Office at The Atrium of Makati, Makati Avenue, Makati City and with branch office at Pag-IBIG Fund Bldg., J.R. Borja St., Cagayan de Oro City, against PHOEBE MARIE C. GABUTAN, of legal age, married to NEIL B. GABUTAN, with postal address at Block 10,Lot 22,NHA,Phase 2, Kauswagan, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of July 3, 2014 amounts to THREE HUNDRED TWELVE THOUSAND EIGHT HUNDRED EIGHTY PESOS & 59/100 ( P 312,880.59), Philippine Currency, inclusive of interest and penalty charges, exclusive of attorney’s fees and other necessary fees and expenses of Extra-Judicial Foreclosure and Sale , the undersigned Sheriff will SELL at Public Auction on SEPTEMBER 22, 2014 at 10:00 o’clock in the morning or soon thereafter at the Court Room of Regional Trial Court, Branch 39,2nd Floor, Hall of Justice Bldg., Arch. S. Hayes Street, Cagayan de Oro City, to the highest Bidder, for CASH and in Philippine Currency, the real property mortgaged together with all improvements thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. 136-2011000844 Registered in the name of PHOEBE MARIE C. GABUTAN

“A PARCEL OF LAND (Lot 17,Block 5,PSD-10-057664,being a portion of Lot 1, PCS-10-003972).Situated in the Barangay of Malanang, Municipality of Opol, Province of Misamis Oriental ,Island of Mindanao. Bounded on x x x. Beginning at x x x; containing an area of One Hundred Twenty (120) Square Meters, more or less.”

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

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

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

Cagayan de Oro City, August 13, 2014.

FOR THE EX-OFFICIO PROVINCIAL SHERIFF BY:

(Sgd.) JOSEPH C. MAAGAD Sheriff IV BWM SEPT. 3, 10 & 172014

APPARTELLE FOR SALE APPARTELLE FOR SALE LOCATED @ MACTAN CEBU NEAR IMPERIAL PALACE IDEAL FOR HOTEL, SCHOOL, SPA LOT AREA 1,541 SQM WITH 13 ROOMS, FURNISH, BLDGS., LOBBY, OFFICE BUILT 2007, JAPANESE AMBIANCE GARDEN, FLOOR AREA 400 SQM ALONG MARIBAGO, MACTAN, CEBU 30M (NEGOTIABLE) OWNER LEAVING, CALL # 0915-372-0910; 0917-853-5958 VIEW IT ON YOUTUBE; HIROS APPARTTELE, MACTAN For Sale Hillsborough Pointe CDO: beside XU near SM; lot area: 395 sqm. phase 4 lot 2b @ 6,500per sqm , call #0917-853-5958

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