up to 15% discount on downpayment downpayment-up to 12-24 months to pay balance payable in 10 years @ 10% flat rate
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Market Indicators
As of 5:58 pm feb. 11, 2013 (Monday)
FOREX
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US$1 = P40.69
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Briefly
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Sajahatra
KO R O N A D A L C i t y - Barely four months from the signing of the Framework Agreement on the Bangsamoro in October, President Aquino launches the Sajahatra Bangsamoro, a program intended to deliver basic social services to the Moro people. The term “Sajahatra” is Arabic-Melayu-Bahasa derivative which means “Peace.” Aquino, on Monday, visited the Bangsamoro Leadership and Management Institute in Barangay Simuay, Sultan Kudarat, Maguindanao -- a mere four kilometers away from the Moro Islamic Liberation Front’s headquarters Camp Darapanan -- to set the program in motion. Aquino is the first President of the Republic to set foot in the MILF stronghold.
Power plant rehab
RENEWABLE energy firm Euro Hydro Power (Asia) Holdings Inc. is investing around P50 million for the rehabilitation and recommissioning of a mothballed mini hydro power plant in Koronadal City. Ignacio Guinid Jr., Euro Hydro officer-in-charge and technical ser vices manager, said Monday they are targeting to start by June the rehabilitation works on the mini hydro power plant located in Sitio Upper Guadalupe of Barangay Carpenter Hill in Koronadal City, in partnership with the local government and the National Irrigation Administration (NIA) Region 12. He said the company signed earlier this month a memorandum of agreement (MOA) with the city government of Koronadal and NIA-12 for the rehabilitation and operation of the power facility.
Cagayan de Oro City
Wednesday-Thursday
every Mondays, Wednesdays, & Fridays
February 13-14, 2013
P15.00
Despite BOC’s dismal performance
Oro ports post huge increase in revenue D
By NELSON V. CONSTANTINO, Editor-in-Chief
ESPITE having incurred a huge shortfall of negative-P59-billion in overall revenue collection last year, the Bureau of Customs (BOC) district office in Cagayan de Oro continued its recordbreaking performance as it again posted a 26-percent increase in collection for the month of January this year.
Newly-installed District Collector Atty. Lourdes Villamar Mangaoang said that the Cagayan de Oro district, which is composed of the ports of Cagayan de Oro, Ozamis, Iligan and the Mindanao Container Terminal (MST) in Tagoloan, Misamis Oriental, gained revenue/PAGE 7
Lolong, world largest crocodile is dead RECORD-BREAKING FEAT. Bureau f Customs (BOC) district collector Atty. Lourdes V. Mangaoang, the newly-installed port collector for Northern Mindanao, explains to reporters how her has managed to post a record-breaking collection of P116 million in January, which is generally considered a lean month. At right is Adolfo D. Mondigo, deputy collector for assessment. photo by gerry lee gorit
Govt urged to tap other regions to sustain growth By IRENE DOMINGO, Reporter
THE National Economic Development Authority (NEDA) has urged the government to tap the full potentials of other regions, particularly in Mindanao, in a bid to sustain its strong economic performance and achieve inclusive growth. NEDA Secretary Arsenio
Balisacan, in a recent statement, said that 60 percent of the country’s gross domestic product (GDP) currently is concentrated in three regions in Luzon -the National Capital Region, Calabarzon (Cavite, Laguna, Batangas, Rizal and Quezon) and Central Luzon. “This shows that we have growth/PAGE 7
J.P. RIZAL - CRUZ TAAL STS., (NEAR SHANGHAI BAKERY) DIVISORIA, CAGAYAN DE ORO CITY
By CHRIS PANGANIBAN Correspondent
SAN FRANCISCO, Agusan del Sur--- A Nylon fishing line found with the abnormal color of feces could be the cause of death of Lolong, the world’s biggest saltwater crocodile in captivity, according to initial findings by the attending animal doctor. Meanwhile, local officials wanted to preserve Lolong’s remains as museum-like tourist attraction as legacy to maintain the worldwide popularity of the reptile’s Guiness record and allow more animal conservationists to do their research lolong/PAGE 7
BIGGEST CROC NO MORE. Lolong remains before he was placed in an ice box for preservation. It is Guinuess World Record’s biggest crocodile in captivity. photo by chris panganiban
Villar gets UN award for ‘Best Water Management’
Mrs. Hanepbuhay Cynthia Villar and grandson senatorial candidate Chiz Escudero of Team P-Noy (LP-NP Coalition during GMA-7 Hiritan 2013 with Arnold Clavio. Among the issues that Mrs. Villar appriately answered where about the Cyber Crime Law, ad spending, and her performance as former representative of Las Piñas for 10 years. advertorial
FORMER Las Pinas Rep. Cynthia Villar says she can do more and push for her advocacies particularly her “livelihood projects out of wastes” on a national scope if she wins senator in the May elections. Misis Hanep Buhay’s livelihood projects from wastes have gained international recognition when she was given the UN award for “Best Water Management Practice in the World,” beating 38 countries. Since her projects from wastes have been very successvillar/PAGE 7
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EU solons to visit Mindanao, check on investment opportunities in PH MEMBERS of the European parliament are visiting the country this week to explore new European investment opportunities in the fast growing Philippine economy. European parliamentarians led by Mr. Werner Langen, chairman of the Delegation of the European Parliament for Relations with the countries of Southeast Asia and ASEAN, will accompany his colleagues who head powerful economic committees to look into business and investment opportunities in the Philippines. The visiting Members of the European Parliament (MEPs) will meet with Bangko Sentral ng Pilipinas Governor Amando Tetangco, Trade and Industry Secretary Gregory Domingo as well as chief executive officers and leaders of the European Chamber of Commerce and Industry.
Ambassador Guy Ledoux, head of the EU Delegation to the Philippines, said the visit “underscores EU support for President Aquino’s good governance and anti-corruption efforts that are making the country more attractive to European investment.” “The Members of the European Parliament are in the Philippines also to lend their politica l support to the peace process in Mindanao,” Ledoux said in a statement.
He said the EU delegation will visit Mindanao from February 13-14 to meet with peace interlocutors in Southern Philippines, including off icials from the Autonomous Region for Muslim Mindanao, Moro Islamic Liberation Front, I nter nat iona l Mon itoring Team, and members of non-government a nd civil society organizations. A mba s s ador L edou x
meanwhile said that the EU will launch on Thursday a P29-million de-mining project in Cotabato City t hat aims to reduce t he threat from landmines and unexploded ordnances. The grant is part of the EU’s continuing support to promote lasting peace in Mindanao through the effective implementation of the Bangsamoro peace agreement signed between
the Philippine government and the Moro Islamic Liberation Front (MILF). The European parliamentarians will also meet with House Speaker Feliciano Belmonte, Senator Edgardo Angara, Commission on Human Rights Chairperson Loretta Ann Rosales, and Justice Secretary Leila De Lima to enhance bilateral relations between the EU and the Philippines.
THE city ordinance approved the supplemental budget for the productivity incentives of city officials and workers here, an official of the Department of Budget and Management (DBM) said. DBM regiona l director Annabelle M. Atillo informed the city’s committee on finance that the appropriation contained in
Ordinance No. 12489-2012 complied with the provisions of the Local Government Code of 1991’s audit implementing rules. The approved city ordinance allocated supplemental budget no. 2 of the general fund in the amount of P7,191,000 and special account under economic enterprise in the amount of P
1,428,000 on Dec. 18, 2012 for payment of the productivity incentive bonus of the city government workers. According to the DBM, the appropriation for Productivity Enhancement Incentive to officials and Employees of the city is subject to the provision of executive order as implemented by Budget Circular (BC) No. 2012-3.
ZAMBOANGA City -- The Bangko Sentral ng Pilipinas (BSP) is calling on the public to exchange their old, torn or overused peso bills for new ones as part of the bank’s “Clean Note Policy” this year. BSP Regional Manager Melodino Patinio said the public can exchange their old notes in any of the 57
banks in the city or at their regional office at Pettit Barracks near Fort Pilar and Paseo del Mar. The Clean Note Policy aims to remove old notes from circulation. He said the BSP is collecting all these old notes from the local banks, exchanging them for new and crisp ones for public use.
Old and torn peso notes will not leave a “good impression” on tourists visiting the city, he added. He said the public should not wait for establishments to refuse torn, old, and disfigured notes but should exchange these for new notes. “Besides, the replacement of these old notes is free of charge,” the bank official said.
DAVAO City -- The Japan International Cooperation Agency (JICA) has found out tuna seems to be more abundant these days in the southernmost city of General Santos in southern Mindanao. That’s the impression
of the team of consultants of JICA who dropped in recently for an overnight visit to listen to a presentation made by the tuna industry cluster at a local hotel in General Santos City. Department of Trade and Industry (DTI) assistan re-
gional director Doris de Lima of SOCSKSARGEN (South Cotabato-SultanKudaratSarangani Province-General Santos City) said they’re happy the JICA team took the time to travel overland from Davao City after a series of cluster meetings and sat down with the tuna cluster team for their presentation. “We’ll show you around and see our tuna industry in action, starting from the fish port to watch the arrival of newly-harvested tuna,” de Lima told the team. Wit h bot h Leona rdo “Joel ” Flores and Edgar Soguilon acting as official DTI guides for the JICA team, seeing the entire tuna industry here in action was probably one of the most productive part of this short visit to this booming city. Flores runs the Mindanao SPMO or satellite project management office for National Industry Cluster Capacity Enhancement Project (NICCEP) in nearby Koronadal City, while Soguilon is the senior trade and industry specialist for DTI regional office based in this city. jica/PAGE 8
Oro officials, employees get productivity incentives
Bangko Sentral adopts ‘Clean Note Policy’ in Zambo
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Basic Energy in joint venture with Malaysian firm for oil exploration BASIC Energy Corp. has partnered with a Malaysian-based oil firm to identify and explore oil wells. In a disclosure to Philippine Stock Exchange, Basic Energy said it formed a joint venture with Petrosolve Sdn BHd for the identification, exploration, development, management and operation of oil wells. The joint venture will allow both parties to contribute their respective network, expertise and experience in the field of oil and gas exploration, development and production. Basic Energy and Petrosolve will form a joint venture company which will operate as the corporate vehicle for both firms to enter into business relationships and transactions with respect to the management and opera-
tion of oil wells. However, Basic Energy did not specify the location of oil wells targeted for exploration and development. Petrosolve is engaged in the business of oil field services including application of chemicals for increased oil production and the development of oil and gas fields and wells. It also holds the patent rights to a recent technology for enhanced oil recovery. Basic Energy is a holding company with equity investments in an investment holding company, a real estate and information technology company, an oil exploration and investment holding company, a biofuels developer, an agricultural company, and an exploration and development company of geothermal energy resources.
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Coal Asia moves Davao site production to earlier date COAL Asia Holdings Inc., which claims to hold the license to mine the country’s second-largest coal reserves, announced that the company is accelerating commercial production in its Davao Oriental mine site to October this year to fully utilize the proceeds from its previous capital buildup exercise. The company earlier said its subsidiary Titan Mining and Energy Corp. (TMEC), will start commercial production in its Davao Oriental facility by 2014 and in the Zamboanga Sibugay mine by 2015. Company chairman Harald Tomintz said the acceleration of production is due to the early completion of drilling and exploration activities in Davao Oriental, as well as the favorable exploration results.
“A re-evaluation of Coal Asia’s reserves and resources is underway, and a better and improved reserve figure can be expected once the report is finalized before the end of the first quarter,” Tomintz
said in a statement. The official is referring to the company’s evaluation and testing in two new large coal-deposit areas within its operating contract area in Davao Oriental, which was
not for them some of our barangays would have had no power up to this time.” Surseco 1 gave a plaque of appreciation and separate certificates of appreciation to Veco and its team members. Veco sent two teams, which it calls “gangs” of linemen and boom trucks to Surseco
to work with their Surseco counterparts to fix power lines and help restore power to the communities affected by typhoon Pablo. The plaques were received by Benjamin A. Cariaso Jr., President and Chief Operating Officer of another AboitizPower subsidiary,
previously undiscovered. Current sales figures for TMEC reached P63 million, triple the sales compared with 2011 figures. It said the increase can be attributed to the Zamboanga Sibugay area. The target start for commercial production was hastened after Coal Asia raised some P800 million in its initial public offering in October last year. “The developments in both exploration and production have only skimmed the surface of Coal Asia’s true value, which is why the majority shareholders have agreed to a longer lock-up period,” Tomintz said. The majority shareholders have also agreed to a one year lock-up instead of the PSEmandated six-month period, the company said.
Surigao Sur electric coop lauds ‘knights in shining boom trucks’ AN electric cooperative in Surigao del Sur lauded AboitizPower and its subsidiary Visayan Electric Comany (Veco) for running to its aid in the aftermath of typhoon Pablo last December. In a simple ceremony in Bislig City, Surigao del
Sur 1 Electric Cooperative (Surseco 1) general manager Joceler Moralda said the assistance of the whole AboitizPower team to the cooperative underlines the true meaning of partnership. “It is during times of distress when we know who our real partners are. We are
proud to say AboitizPower is not just a power supplier, but a true partner of Surseco 1,” Moralda said. Veco is the distribution utility that serves Metro Cebu. “In those times of darkness we saw the linemen of Veco as our knights in shining boom trucks. If
Therma South Inc. Cariaso, Moralda and Surseco 1 board president Crispo. AboitizPower COO for Distribution Jim Aboitiz said the assistance by Veco and Davao Light and Co. shows the capability of the company to assist its partLauds/PAGE 11
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PNB, Allied Bank finally merge AFTER years of talks and several regulatory hurdles, the Philippine National Bank (PNB) and Allied Banking Corp finally merged on Monday. In a disclosure to the Philippine Stock Exchange, PNB, the surviving entity in the merger, said an interim set of officers and board of directors was installed to serve until successors would be elected and qualified. The members of the board of the merged bank are as follows: • Felix Enrico R. Alfiler (independent), • Florido P. Casuela, • Anthony Q. Chua, • Reynaldo A. Maclang, • Estelito P. Mendoza, • Omar Byron T. Mier, • Washington Z. Sycip, • Harry C. Tan,
into P1.25 billion common shares with a par value of P40 each, to about P70 billion, divided into 1.750 billion with a par value of P40 each. Before the merger, the shares owned by the public accounted for 31.15 percent. After the merger, the public’s share was whittled down to 18.99 percent. Foreign ownership stands at 29.22 percent of total outstanding shares, with 30,790 shareholders in total. • Lucio C. Tan, • Lucio K. Tan, Jr., • Michael G. Tan, • Florencia G. Tarriela (independent), and • Deogracias N. Vistan (independent) Tarriela will ser ve as
BPI likely to expand e-bank transactions as gadget use grows AYALA-led Bank of the Philippine Islands expects to expand its electronic bank transactions by 25 percent this year amid the growing use of electronic gadgets in the country. “Electronic banking has lesser cost because there is more operational efficiency as costumers can do it anytime and anywhere and any device that they have,” Manuel Tagaza, BPI senior vice president and chief of Electronic Channels Group, told reporters at the sidelines of an event in Makati. “Whether they choose to bank via online, mobile or phone channel, they can do their transactions with ease,” he added. Of its 5.5 million clients, BPI currently has one million customers who conduct their transactions online. Carlo Gatuslao, BPI assistant vice president for Channels Marketing and Sales Division, said e-channel transactions last year surpassed the bank’s target of 25 percent. “We were able to hit more than 25 percent. I think we closed the year around 30 percent,” Gatuslao said.
“The market is very ripe for online acceptability and the devices are a lot more like the tablets and we are very excited,” he added. Gatuslao said the BPI wants to have majority of its 5.5 million clients doing online transactions. “We will improve the services and facilities that we have to have more clients from over the counter and bank transactions through the channels,” he noted. Gatuslao said BPI is planning more promos to encourage clients to go into more banking transactions. “It [promos] helped us grow and the nice thing is those not previously transacting with BPI have started transacting with us,” he said, referring to the bank’s previous promos. Last year, BPI launched its “GetOutMore” promo in partnership with ZestAir and Department of Tourism helped a lot to attract more clients to do more online banking transactions. On Wednesday, BPI awarded seven raff le draw winners who joined the promo with an all-expense paid trip and P24,700 pocket money to seven tourist spots in the country.
Saving in Pag-IBIG gives coop members a sense of security TO further strengthen the bond between Pag-IBIG Fund and El Salvador City’s Cogon Multi Purpose Cooperative (CMPC), a signing of the Memorandum of Agreement (MOA), for the latter’s membership activation, will take place today at the Cagayan de Oro Branch. However, even before the MOA signing could take place between both parties; CMPC’s President Mr. Ramon T. Jamis
already remitted the members’ initial savings payment, at the PagIBIG Fund Cagayan de Oro Branch, last January 31, 2013. D u r i ng a rec ent interview, Mr. Jamis emphasized, “samtang aduna kami pangita karon, ang mga opisya les uba n sa mga miyembro sa CMPC, mipili nga makatigum para sa among kaugsaving/PAGE 8
the chairman of the board, with Mier as vice chairman, president and chief executive. Aside from the temporary set of officers, PNB also announced that the authorized capital stock was increased by 500 million shares from about P50 billion, divided
Wednesday - Thursday I Feb. 13-14, 2013
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Lucio Tan holding firm buys stake in PNB THE holding firm of Lucio Tan announced on Tuesday that it will acquire the minority shareholders of Philippine National Bank (PNB), which he also controls. In a disclosure to the Philippine Stock Exchange, LT Group Inc (LTG) said it will buy 7.77 percent of PNB, which yesterday merged with Allied Banking Corp, which Tan likewise owns. The minority stake is held by Merit Holdings & Equities Corp, Ivory Holdings Corp, Leadway Holdings Corp and Dunmore Development Corp. To accommodate this purchase, these companies filed before the Securities and Exchange Commission (SEC) an application to
increase their capital. In addition to the aforementioned stake, LTG also bought another 22.72 percent stake held by the following companies: - Donfar Management Ltd - Fast Return Enterprises Ltd - Fragile Touch Investments Ltd - Mavelstone International Ltd - Uttermost Success Profits Ltd - True Success Profits Ltd, and - Key Landmark Investments Ltd LTG said the series of acquisitions “effectively set in motion the consolidation of the banks” under the holding company.
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Lent is coming F E BRUA RY 13 i s A s h Wednesday for this year, and with it we start another liturgical season of Lent. It’s good that we once again relish the true essence and purpose of the period. We actually need to do this in any part of the year to capture the spiritual and supernatural dimensions of our life that we often take for granted. Pope Benedict XVI has already given out his Lenten message for this year that zeroes in on the indissoluble relation between faith and charity. It’s a wonderful message, so characteristic of his very theological mind, which should not be confined only to intellectuals and considered in strictly intellectual circuits. It should be spread far and wide, and be made to penetrate deep and lasting in the minds and hearts of believers. That’s why we need to learn how to reflect and meditate, then assimilate what is seen and understood into attitudes, deeds, skills and virtues, and then learn how to transmit the things imbibed to others. In his message, the Pope precisely talks about evangelization as the greatest work of charity toward others. “There is no action more beneficial – and therefore more charitable – towards one’s neighbor than to break the bread of the word of God, to share with him the Good News of the Gospel, to introduce him to a relationship with God: evangelization is the highest and the most
Hints and traces
FR. ROY CIMAGALA
integral promotion of the human person.” There’s a crying need for us to sit down and ref lect on these words. Let’s hope that we can give time to this concern and exert the appropriate effort to translate these words into life, both personal and social. At this time, we cannot afford to be casual and cavalier in this duty. The world is getting increasingly secularized and paganized, with God relegated into the sidelines, if not totally banished. If not that, then God is not considered anymore as the transcendent God, the Supreme Being who revealed and continues to reveal himself to us. He is just a human invention. God has become a formalism, a detail of political correctness. We are seeing this disturbing phenomenon taking place not only in individuals but also in institutions and societies, and even governments, with powerful resources to promote their own idea of cimagala/PAGE 10
Mr. Nice Guy THINK a minute… Bram Stoker was a successful theatre manager in England during Queen Victoria’s time. Everybody who knew him said he was the most easy-going, kindest man they knew. Bram’s wife, Florence, was a beautiful woman who had been courted by wealthy men of high social status, including the famous Oscar Wilde. But she chose to marry this exceptionally kind gentleman, Bram Stoker. The Stokers were seen at all the high-society parties and important events. Later, when their child was born people said their marriage and family was perfect. Bram Stoker continued to be known as Mr. Nice Guy. He often gave money to his friends without even asking
for anything in return. Bram and his wife had many famous friends like Mark Twain, Walt Whitman, and the President of the United States, Teddy Roosevelt. No one ever suspected that this nice, kind man actually lived a double life. They didn’t know that at night after work and all his proper, social appearances, Bram Stoker became someone else. In fact, he was also a writer. You see, he wrote the famous story, Dracula, based on his own real life at night, and all the evil things he did with prostitutes. Bram Stoker, this nice man by day and immoral monster by night, eventually died from the sexually transmitted disease of syphilis.
You know, Jesus Christ said that there are many nice, religious people who live double lives. They do all the good, right things on the outside for people to see, but inside they’re proud and live their own way for their own immoral pleasures. But even if we fool people, we can never fool God. Jesus said every human being needs His gift of forgiveness, because we’ve all done many things wrong. Jesus also said that we all, including nice, religious people, need His power to change our proud, wrong hearts and character. That’s why God the Son had to become a human being: being: to die and pay the penalty for all our wrongs. It was the only way we could be forgiven by our perfect Maker and start a new
Think a minute
JHAN TIAFAU HURST
life living His way. So won’t you ask Jesus to forgive you and help you start changing today? Jesus will give you real satisfaction and peace, and the power to live His right way both in public and in private, night and day every day. Just think a minute!
Small Business: Words of Advice (Concluded from last week) IN last week ’s column, I shared wonderful advice from some of the country’s most accomplished a nd hardworking micro-entrepreneurs. These businessmen and women have been recipients of the Citi Micro-entrepreneur of the Year Awards (CMA) in the last 10 years since the program was created. The CMA Program, according to Microfinance Council of the Philippines, Inc., Chairperson Mila Mercado Bunker, is “a celebration of economic triumph amidst great odds at the grassroots level.” “We have seen the transformation of these microentrepreneurs – from budding handicraft-makers to producers of world class quality products,” Mercado Bunker said. She added: “They have become responsible employers and role models of good citizenship – local economic
heroes in their own right.” Here are more great tips from these local economic heroes: Carina Gonato, lumpia seller -Update yourself on what customers think and like about your product. -Strive to learn how to improve your business. -Read books and surf the Internet for pointers on how to be successful. -Keep pursuing your goals. Felicidad Kalalo, copra products dealer -Without trust and honesty, your business will never grow. -If you borrow money, you must pay it back. Be regular with your payments so you can borrow again to grow your business. -Be alert to how your business is going. If it is too slow and you’re losing money, look for another business. -Do not be afraid of starting over.
-Most important, work hand-in-hand with your spouse. Ester Lumbo, pandan products entrepreneur -With or without competition, work hard on your business and never give up. -Make sure that production is on schedule and all orders are delivered on time. -Give your customers beautiful and original designs to choose from. -Careful planning is the key to a successful business. Consuelo Valenzuela, sabutan products entrepreneur -Never borrow what you cannot afford to pay back. -Do not take too many loans at one time, especially if your business is seasonal. -Know when it is the right time to make a loan. -Follow your repayment schedule strictly. -Keep a list of things you have to do and complete each day. Cherry Yack, Sr., cassava
Speaking out
IGNACIO BUNYE
cake businessman -Avoid all vices because they take away from your time, your health, and your money. -Do not let your workers do all the work for you, but make sure the people you hire are as hardworking as you. -Always persevere and believe that God will lead you to your goal. Note: My book “Central Banking for Every Juan and Maria” is now available at the bunye/PAGE 7
ESIP Step 3: Learn to Invest! mind: “If it’s too good to be “If there are ABCs in invest- liquidity. ing, there are also FGHIs… R isk deals with your true, it probably is!” The Financial fear, greed, hope and igno- chances of losing your mon- The liquidity factor of an ey. Knowing your investment investment determines the rance.” – Jesse Livermore Doctor AS the “E-S-I-P” para- risk exposure allows you ease with which an asset can digm goes: Earn. Save. Invest. Protect. Many individuals are afraid to invest. For these people, their fear is mostly rooted on ignorance or a lack of knowledge to investing. Seek therefore to understand your investments. Once you are treading in more familiar waters, investing allows you to harness the potential power of your money working for you, instead of you just working hard for the money! Money then becomes your willing servant. Just be cautious enough never to make it your master. All investment tools adhere to three main investing attributes: risk, return, and
to calculate the odds that your capital is still intact at a certain future point in time. Risk is moderated by the investor’s level of fear. Return is concerned with the growth potential of your money within a certain time period. Risk and return are directly related. The higher the returns projected by an investment, the higher is its corresponding built-in risk. But the lower the risk you are capable of assuming, expect no more than lower returns as well. The investor’s level of greed determines how high a risk he would likely assume for a certain level of return. Risk vs. return = greed vs. fear. And bear in
be converted back to cash. Investments that can easily be turned to cash within a short time frame are deemed highly liquid. Cash and cashequivalent investments such as money market instruments and several managed funds fall into this category. On the other hand, real estate, non-cash business assets and precious metals are generally considered poorly liquid to non-liquid due to the difficulty of regaining their market value cash equivalents anytime. All investment tools have a certain combination of risk, return and liquidity profiles. Knowing the specific feature of each investment
dr. adonis agcopra, mba, rfc®
tool that you use will enable you to create a balanced and diversified portfolio that can support and sustain your financial goals – be they short, medium, or long-term. A knowledgeable financial professional should be able to help you thresh out these agcopra/PAGE 7
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Revenue... from page 1
mulated amount of P559.2 million, up by P116 million against its monthly collection target of P443.1 million. “This welcome[sic] spike in revenues inspires confidence that our district is on track to meet our 2013 collection target of nearly P5.65 billion,” Mangaoang, who is in her second stint as the district’s collector, said. The Mindanao Container Terminal-Subport (MCT-SP) is the district’s consistent top performer with a total of P494.727,304 revenue for the month, followed by Cagayan de Oro port with P45,777,221, while the subport of Iligan contributed P17,488,465 and Ozamis chipped in P1,212,221. MCT-SP manager Atty. Javier C. Alpaño pointed out that the logistical requirements of big corporations like Nestle Philippines and oil industry players Jetti and Phoenix Petroleum boost their ports collection last month. The big bulk of the collection comes from importation since the BOC does not collect much duties and taxes from export products, Mangaoang said. In terms of export products, process-food giant Del Monte Philippines remains the region’s top exporter, followed by Philippine Sinter Corporation, Nestle Philippines, and Filipinas Kao, said Bellarmine Valencia, chief of the exports division.
Lolong...
from page 1 work. A report by Dr. Alexander Collantes, animal doctor of Davao Crocodile Park, showed the small pieces of Nylon fishing line were found with the abnormal color of Lolong feces during his waste discharges since December last year which could have disturbed the normal flow of his digestive system. Collantes however explained these were just his initial findings and further examination will be conducted by experts from Protected Areas Wildlife Bureau (PAWB) in Palawan to determine through necropsy the real cause of his sudden death. Mayor Edwin Elorde of Bunawan, Agusan del Sur said Lolong’s death caught them with a big surprise since PAWB veterinarians regularly visiting Lolong’s artificial habitat at the eco-park in Consuelo village found there was no irregularity of his health and physical appearance except from the change in the color of feces. Teary-eyed in his opening press statement before journalists yesterday at the media briefing, Elorde said they have done everything to save Lolong yet they could not blame anybody for his untimely death. Expert studies showed that Lolong is already about 60-year-old and could live 20 more years longer based on a regular lifespan of such
reptile. Collantes however admitted that when Lolong’s right belly started to bulge late last month could be the start of his abnormal condition on his digestive system and vital signs were observed to have deteriorated a few days before his death. Elorde said local officials have agreed to continue Lolong’s legacy that made their town a popular global tourist destination by preserving his remains in a museum for other enthusiasts and researchers still witness the magnificent size of the reptile, measured at 20.4-foot (6.12 meter), already declared as the largest in Guinness book of world records. The local government has earmarked funds to develop the eco-tourism park in the upland village of Consuelo into replica of mini-Agusan Marshland especially that the Department of Tourism has already released P46 million concreting of the two-kilometer road from the national highway. He admitted there could be a lesser impact to attraction with just Lolong’s remains just on display than during his being alive in captivity for one year and four months. The reptile was captured by hunters at the Agusan Marsh in the village of Nueva Era on Sept. 3, 2011. While still alive, Lolong had been drawing eager local and foreign tourists daily, generating up to P20,000 of gate receipts daily. The mayor has put aside capturing another crocodile said to be bigger than Lolong after the Department of Environment and Natural Resources declared a moratorium on the hunting of reptiles in the wide Agusan Marsh. Asked why t he loca l government did not heed calls by environmentalist group to return Lolong to his natural habitat late last year, Elorde said the reptile could pose danger to the lives of residents living along Agusan Marsh especially during rainy season when they can roam freely because of overflowing floodwaters.
Growth... from page 1
yet to tap the full potential of other regions, especially those in Mindanao. Hence, our policy priorities must ensure that our people in the rest of Luzon, Visayas and Mindanao benefit from growth,” he said during the recent Philippines Development Forum (PDF) held in Davao City. Balisacan underscored the need to connect these regions to facilitate access to markets and basic services. He pointed out that the rest of Luzon has already the advantage of proximity to the fastest growing regions. In the Visayas, the country’s strategy is to strengthen the region’s comparative advantage in tourism, fisheries, shipbuilding and information communications technology (ICT). “We are very optimistic
about Mindanao’s contribution to national development, particularly in agribusiness, tourism and halal industries. The government is mindful of the opportunities and challenges, as move forward with the Bangsamoro Framework Agreement,” he added. Balisacan said one of goals set out in the Philippine Development Plan (PDP) is to shift the structure of the economy from being largely consumption-driven to one that is increasingly led by investments and exports. “The global economic slowdow n in t he recent years has made it difficult to achieve. Nevertheless, we will continue to put in place measures to diversify production and trade,” he said. Balisacan, also the National Economic and Development Authority (NEDA) director general, further said the country likewise needs to create new drivers of growth, particularly manufacturing, business process outsourcing (BPO), tourism and agribusiness. He said that $3 billion in investments in these sectors are estimated to create 621,000 jobs. “The BPO and manufacturing sectors present great opportunities for value adding as well as innovation and technology spill overs. Tourism, meanwhile, expands jobs opportunities in the countryside,” he added. Balisacan further said agriculture will remain a priority sector to meet the needs of the country’s growing population and to take advantage of market opportunities in fast growing economies in Asia.
Villar... from page 1
in Las Pinas and are being duplicated in other areas, Villar wants to expand their reach and provide job opportunities especially to women all over the country. She said women should also help their husbands provide for their children.
Last year, we honored Mindanao’s homegrown businesses... This year, let the Investors from outside the island who helped propel Mindanao’s economy for decades be recognized...thus,
present
RATIONALE OF THE PROJECT - This is the 2nd Mindanao Business Leaders Awards, in a different category from the first one. The 1st Mindanao Business Leaders Awards was undertaken last year to give due recognition to the achievements of various Mindanao business leaders and entrepreneurs in various categories of homegrown corporate and individual business leadership achievements. - This year’s search is aimed at giving honor and recognition of excellent business leaders in the investors’s category. - BusinessWeek Mindanao as a forerunner of information on economic leadership and entrepreneurial achievements of non-Mindanaoan corporations and businessmen, deems it a part of its social responsibility to trumpet the achievements of these pillars of Mindanao’s economy, for others to emulate and thus propel an awareness for the business potential that Mindanao offers in every economic and business investment plan, whether small or great. -We are helping Mindanao achieve sustainable development of its economy through these humble efforts.
MISSION & VISION OF THE AWARDS - The holding of BWM Awards annually serves as catalyst to the ongoing efforts of business leaders and entrepreneurs who seek greater heights and strive for success in the noble mission of propelling Mindanao and its people towards full economic growth and sustainable development.
MECHANICS OF THE SEARCH:
Bunye...
Duration of the Search Awards Night
the following Fully Booked outlets: Bonifacio Global City, Powerplant Mall Rockwell and Katipunan Avenue and also at Power Books, Alabang Town Center. You may e-mail us at totingbunye2000@gmail. com.
Entry Requirements:
from page 6
Agcopra... from page 6
goals individually and collectively. Investigate before you invest. Act now! *** (Dr. Adonis Agcopra is a registered international financial strategic consultant with IARFC and is portfolio director of AFIC Meridian Consultants. Log in to www. aficfinancialconsultants. com.)
7
: :
January 15, 2013 to May 15, 2013 June 1, 2013
1. Individual and Company/Establishment nominations shall be accompanied with Nomination Forms available on-line at the Sponsors Website, offices of sponsors, or in the printed page of Businessweek Mindanao and Mindanao Daily issues or may be mailed, if requested, by the Awards Secretariat 2. Nominees or candidates in various categories shall be nominated by BusinessWeek Mindanao and Mindanao Daily Bureaus; individuals, organization or groups not employed by or connected to any of the nominated person or firm . 3. Nominations shall be accompanied by the ff documents which can be mailed, or emailed to the awards secretariat - MINDANAO BUSINESS LEADERS AWARDS 2013 Secretariat, Tanleh Bldg., Abellanosa St., Cagayan de Oro City,not later than May 15, 2013. 4. Brief Resume and History of the Nominee (Individual or Firm) - Photos (at least 3) ; Nomination Form ; Documentary evidence such as certificates, awards or citations
For INQUIRIES CONTACT:
(088)856-3344, (08822)74-53-80 or 09274795196 (Allan Mediante) businessweekmindanao@gmail.com MEDIA PARTNERS:
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Dwarf mango trees now bearing better fruits in Davao Sur
Hybrid-rice variety developed in PHL, popular in Bangladesh SL-8H, a hybrid-rice variety developed in the Philippines, is gaining popularity in Bangladesh, capturing an estimated 20 percent of the South Asian nation’s hybridrice market. In a statement, SL Agritech Corp. (SLAC), the producer of SL-8H, said that since starting production in 2006, its hybrid-rice variety now occupies a significant share in Bangladesh’s hybridrice seed supply. The country uses 60 varieties: 50 from China; three from India; four from the Bangladesh Rice Research Institute; and three from the private sector, with SL-8H being one of them. The planting of hybridrice seeds in Bangladesh is expected to stop its im-
portation of rice this year, according to Anwar Faruque of the Bangladeshi Ministry of Agriculture, who recently visited the International Rice Research Institute in Los Baños town, Laguna province, with a team of Bangladeshi seed experts. He said Bangladesh used to import half-a-million tons of rice annually. As of 2012, the hybrid-rice area of Bangladesh is only about 600,000 hectares; the country has nearly 10 million hectares of rice lands. With each hectare yielding an estimated 10 metric tons (MT) of rice, hybrid-rice production was estimated to have reached 600 million MT—more than enough for Dhaka to suspend importing the crop this year.
Bangladesh ’s imports of SL-8H have benefited an estimated 300,000 farmers after the Dhaka-owned Bangladesh Agricultural Development Corp. and SLAC signed a seed-production deal. “This [SL-8H] is the only hybrid-rice seed produced 100 percent in Bangladesh. Other companies import their seeds. We have a very good agreement with SLAC. They provide all the technical support through Dr. [Weijun] Xu and Philippine scientists,” Faruque said. “The Philippines allowed us to grow the seed in Bangladesh under SL Agritech’s technical assistance. That is a mode suitable for the local growth of our hybrid rice,” he added.
DIGOS CITY, Davao del Sur -- Dwarf mango trees are now bearing bigger and better quality fruits in this province in southern Mindanao, it was revealed by the mango industry cluster team in a recent report to consultants of Japan International Cooperation Agency (JICA). Department of Trade and Industry (DTI) Regional Director Marizon Loreto expressed elation about this “positive results” of the earlier dwarfing experiments made by the mango cluster on selected pilot farm sites in Davao del Sur under the Davao Industry Cluster Capacity Enhancement Project (DICCEP). “We always wanted to see the outcome of your mango cluster projects. Every time you propose a project, we always ask ourselves, will this activity boost productivity and improve the quality of mango?” Loreto said. The positive outcome of the mango cluster dwarfing experiments in pilot farm areas in Davao del Sur was also good news to JICA consultant Tetsuo Inooka who had been looking forward to any progress made by the mango cluster team in
Saving... from page 5
pinaagi sa pagpa-miyembro sa Pag-IBIG Fund, (While we still have a source of income now, we the officers and members of the CMPC, chose to save as members of Pag-IBIG Fund). “Naglantaw man g ud kami alang sa among kaayuhan sa umaabot, busa nag desisyon kami ng maggahin ug dos porsyento (2%) sa among pangita matag bulan, isip tinigum sa PagIBIG Fund, ug sa maong pamaagi adunay seguridad para sa among kaugmaon ug para sa among pamilya,” (While looking into our prospective benefits and privileges, we decided to set aside 2% of our monthly income as savings in Pag-
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City
OFFICE OF THE CLERK OF COURT AND EX-OFFICIO SHERIFF
OFFICE OF THE REGIONAL TRIAL COURT SHERIFF
NOTICE OF EXTRA JUDICIAL SALE EJF File No. 2012-113
NOTICE OF EXTRA JUDICIAL SALE File No. 2013-039
“Upon extrajudicial petition for sale under Act No. 3135 as amended by Act. No. 4118, filed by HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG) against BERNARDO D. BARROS, JR. married to LIEZL V. BARROS to satisfy the mortgage indebtedness which as of March 16, 2012 amounts to SEVEN HUNDRED FIFTY SEVEN THOUSAND EIGHT HUNDRED THIRTY THREE PESOS AND 04/100 (PHP 757,833.04), including interests and penalty, charges, attorney’s fees and expenses of foreclosure, the undersigned will sell at public auction on March 14, 2013 at 10:00 A.M. to 4:00 P.M. AT THE REGIONAL TRIAL COURT, OFFICE OF THE CLERK OF COURT, HALL OF JUSTICE, Hayes-Mortola Streets, Cagayan de Oro City to the highest bidder, for cash or manager’s check and in Philippine Currency, the following property described below including all existing improvements found thereon, to wit:
Upon extra-judicial petition for sale under Act No. 3135 as amended by Act No. 4118, filed by HDMF (Pag-IBIG) Cagayan de Oro Branch as mortgagee, against JANETH S. LANGGAMON, married to ARTHUR M. LANGGAMON, as mortgagor, of Lot 21, Blk 11, Westfield Homes Subd., Iponan, Cagayan de Oro City, which as of October 23, 2012, amounts to FIVE HUNDRED TEN THOUSAND EIGHT HUNDRED FIFTY THREE PESOS & 78/100 (PHP 510,853.78) inclusive of interest and penalty charges, attorney’s fees and expenses foreclosure, the undersigned will sell at public auction on April 4, 2013, at 10:00 a.m. to 4:00 p.m. at the Office of the Clerk of Court, Regional Trial Court, Room 110, Hall of Justice, Cagayan de Oro City, to the highest bidder for cash or manager’s check and in Philippine Currency, the following property described below with all the improvements found thereon, described as follows:
TCT NO. T – 180439
TCT No. T-204152
A PARCEL OF LAND (Lot 23, Block 19, Psd-104305-017450 being a portion of Lot 3017-B, Psd-10-000818) situated in the Barrio of Carmen & Pagatpat, City of Cagayan de Oro, Island of Mindanao and containing an area One Hundred Twenty Five (125) Square Meters more or less and registered in the name of Bernardo D. Barros, Jr.
A PARCEL OF RESIDENTIAL LAND (Lot 21, Blk 11. Psd 10-048674, being a portion of 4176-B, Psd 10-000299 (OLT). Located at Iponan, Cagayan de Oro City, island of Mindanao, with an area of Eighty (80) sq. m., more or less.
All sealed bids must be submitted to the undersigned on the above stated time and date.
All sealed bids must be submitted to the undersigned on the above stated date, time and place.
In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication.
In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication.
Prospective buyers may investigate for themselves the title herein-above described and encumbrances thereon, if any there be.
BusinessWeek M I N DA N A O
Aggie News
Wednesday-Thursday I Feb. 13-14, 2013
Cagayan de Oro City, February 7, 2013.
(SGD) AL PONCIANO R. DATU Sheriff IV BWM: Feb. 13, 20 & 27, 2013
Prospective buyers may investigate for themselves the title hereinabove described and encumbrances thereon, if any there be.
Done this 7th day of February 2013, in the City of Cagayan de Oro.
FOR THE EX-OFFICIO PROVINCIAL SHERIFF
(SGD) ENRIQUE M. TALAG, JR. Sheriff IV
BWM: February 13, 20 & 27, 2013
their projects. Inooka also stressed the need for the mango cluster to focus and concentrate on producing at least 20 percent to 40 percent high quality, export-grade mangoes for the global market. “If you could train your farmers to focus on this goal of producing high quality mango for the export market, using the positive results of your dwarfing experiment, this could help your industry move forward,” Inooka told the mango cluster team. Loreto emphasized to the team the need to tap other sources
of funding to be able to sustain the activities of the cluster even without funding assistance from JICA. The DTI regional director cited that the Department of Agriculture (DA) has a number of programs for the mango industry that could be tapped by the cluster, to complement whatever funding assistance they could get from any foreign donor. The big branches of mango trees are cut off to turn them into “dwarf trees”. These will bear fruits after three to four years. (PNA)
IBIG Fund, thereby giving us a sense of security for our future and also for our family.), Jamis asserted. Moreover, the Cogon MPC is a duly organized cooperative whose main trade is lending. The cooperative is composed of currently employed members, as well as self employed individuals (i.e. farmers and vendors). Their main office is located at Cogon, El Salvador City, Misamis Oriental. In a related development, the Provident Savings Program in Pag-IBIG Fund provides higher dividend
earnings to member savers’ accounts, as compared to other financial institutions, because of its tax free salient feature. Similarly, as of 2011, Pag-IBIG Fu nd declared and proportionately added P8.49 Billion as dividends among it 10.2 million members. As of March 2012, PagIBIG Fund has grown financially firmer and robust with P307 Billion in total assets; which was enhanced with the increase in members’ equity amounting to P220 Billion, for the same period.
JICA...
tence, diligence, hard work and some help from DTI trade specialists. A huge cold storage plant was also visited by the team where hundreds of frozen tuna can be seen from one of the big storage rooms, as the firm makes sure all these tuna belonging to foreign buyers and tuna processing plants are safe and well-frozen before they are shipped or delivered Members of the JICA project team were Tetsuo Inooka, team leader and senior advisor, Yumi Balse, project coordinator. Mrs. Inooka and Aurelio Pena, editor-in-chief of the National Cluster Bulletin under NICCEP and also a news stringer of the Philippines News Agency.(PNA)
from page 2
After watching the tuna “landing” at the fish port where hundreds of tuna weighing 30 kilos to 50 kilos each--even up to 300 kilos each, the JICA team visited the big Citra Mina Seafoods processing plant where tuna meat is processed into worldclass products like tuna fillet, sashimi, tuna belly, ground tuna, tuna cubes, etc and exported to the US, Europe, Japan and Korea. The JICA team then visited a much smaller tuna processing shop, Kimkyts Food owned and run by a small-time entrepreneur whose success in making tuna food products could be attributed to their persis-
Republic of the Philippines Province of Zamboanga del Sur Municipality of Tukuran Office of the Local Civil Registrar NOTICE FOR PUBLICATION In compliance with section 7 of R.A. 10172, a notice is hereby served to the public that DINDEE CAMPO LOPEZ has filed with this office a petition for correction of clerical error particularly in his gender from MALE to FEMALE in the certificate of live birth of DINDEE CAMPO LOPEZ who was born on June 8, 1977 at Tukuran Zamboanga del Sur in whose parents are NICANOR LOPEZ and FELOMINA CAMPO. Any person adversely affected by said petition may file his written opposition with this office not later than February 22, 2013 BWM Feb. 13 & 20, 2013
(Sgd) GINALYN D. ACUÑA City/Municipality Civil Registrar
M I N DA N A O
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Classified Ads
for R
ENT
088-855-1945 0918-979-3130 0922-865-9063
Wednesday-Tuesday I-Feb. 13-14, 2013
FOR RENT
9
CASA AZZURRI OFFICE SPACE (2nd Floor) Contact Nos.:
857 3995 / 09177009435
A. Velez St. Fronting Eastwest Bank Velez MDN: DEC. 17, 2012-JAN. 17, 2013
ADDRESS: 003 Guijo Street Baloy Cagayan de Oro City MDN: Aug 17, 2012-Feb 17, 2013
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KIMBERLITE PAWNSHOP KIMBERLITE PAWNSHOP
Kimberlite Pawnshop will be having its monthly AUCTION SALE with corresponding expiry dates. All items will be sold to public auction at KIMBERLITE PAWNSHOP on the following dates and venues.
MALAYBALAY BRANCH EXPIRY DATE
ADDRESS
TAGUM MAIN
AUCTION MONTH 2012
TAGUM
BRANCH 1
BRANCH 2
MALAYBALAY
Kimberlite Pawnshop will be having an AUCTION SALE on all items that expired on December 2012 Door 1 Misa Bldg., Pioneer Ave., Misa District, Magugpo West, Tagum City
PANABO BRANCH 1
Lot 8 Blk 22 Cor. Mabitad-Quirino Sts., Panabo City, Davao del Norte Tel. No. (084) 628-8165
PANABO BRANCH 2
Blk 10 Stall 7, Panabo Central Market Panabo City, Davao del Norte Tel. No. (084) 628-8529
MALAYBALAY BRANCH
Estrada Bldg., Fortich-Don Carlos Sts., Malaybalay, Bukidnon
November 2011
JANUARY
19
12
26
17
December 2011
FEBRUARY
21
14
28
16
MARCH
20
13
29
15
APRIL
19
12
26
17
MAY
22
15
29
17
April 2012
JUNE
21
14
26
19
May 2012
JULY
24
12
26
19
June 2012
AUGUST
21
14
28
16
SEPTEMBER
20
13
27
18
OCTOBER
18
12
25
16
September 2012
NOVEMBER
20
15
27
20
October 2012
DECEMBER
11
18
18
13
January 2012
February 2012 March 2012
July 2012
August 2012
AUCTION DATE: febrUARY 21, 2013 Estrada Bldg., Fortich-Don Carlos Sts., Malaybalay City, Bukidnon
Contact no.:
309-5276
HERMILINO VILLALON
Pryce Plaza Hotel Carmen Hill, CDO, Tel. No.722791 to93/858-4537 E-mail:reservations@pryceplaza.ph
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CHANANTHON BED & BREAKFAST CM Recto Avenue, Cagayan de Oro City Tel. #: 856-81-89 / 309-3095 / 231-2103 Email ad : chananthonbb@yahoo.com Room @ P800.00
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10
Wednesday-Thursday I Feb. 13-14, 2013
Congress • Watch
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Probe of ‘irregular bidding’ of May polls ballot pushed LAWMAKERS are urging Congress to conduct a probe, in aid of legislation, on the alleged irregularities surrounding the bidding process for the printing of official ballots for the May 2013 elections.
Comelec Commissioner Sixto Brillantes inspect the printing of official ballots at the Philippine Printing Office.
Approval of Bakwit Bill puched By CARMENCITA A. CARILLO Contributor
TAGUM City -- The Commission on Human Rights (CHR) is pushing for the approval of a Bill that will help protect the rights of Internally Displaced Persons (IDPs). “There is no specif ic Philippine Law that protects the rights of the IDPs,” CHR XI law yer and IDP focal person Atty. Junitte Rose Baroquillo said Monday in an interview Based on t he United Nations’ definition, IDPs or Bakwits in the dialect, are persons “forced or obliged
to f lee or leave their homes or places of habitual residence to avoid the effects” of displacement. House Bi l l 5627 a lso known as an Act Protecting t he R ights of Internally Displaced Persons, was authored by Cagayan de Oro City Representative Rufus Rodriguez while its Senate version, SBN 3317, was sponsored by Senator Francis Escudero who is the chair of the committee on Justice and Human Rights. The Senate has approved the Conference Committee Report on February 6, 2013 but has yet to be signed
into by President Benigno S. Aquino III. Section 4 of HB 5627 primarily protects the rights of the IDPs during and after displacement as a result of armed conflicts, generalized violence, aggressive implementation of development projec ts a nd ma n-made disasters among others. Baroquillo said among the causes of displacement are armed conflict, generalized violence, violation of human rights and manmade disasters which result from the acts of man. “ T he mo s t c om mon cause of displacement is
Republic of the Philippines SUPREME COURT REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City SHERIFF’S NOTICE OF SALE EJF File no. 2013-034 Upon Extra-Judicial Petition for Sale under Act 3135 as amended, filed by BPI FAMILY SAVINGS BANK, INC., with principal place of business at BPI Family Bank Center, Paseo de Roxas corner De la Rosa Streets, Makati City and with branch office located at BPI Bldg., C.M. Recto Avenue, Lapasan, Cagayan de Oro City, against SPS. JOHN W. STANISZEWSKI & EVANGELINE A. STANISZEWSKI with residence and postal address at Purok 2-B, Pines Village, Poblacion, Linamon, Lanao del Norte, to satisfy the mortgage indebtedness which as of January 15, 2013 amounts to ONE MILLION SEVEN HUNDRED NINETY TWO THOUSAND THREE HUNDRED FIFTY ONE PESOS & 42/100 (P1,792.351.42) Philippine Currency, as mortgagor’s outstanding principal obligation, interest, late payment charges and insurances, plus other interest and charges thereon from January 15, 2013 to the date of foreclosure, 25% of the total amount due as attorney’s fees, 15% of the total amount due as liquidated damages and other necessary fees and expenses of Extra-Judicial Foreclosure and Sale, the undersigned Sheriff-in-charge will SELL at Public Auction on MARCH 4, 2013 at 10:00 o’clock in the morning or soon thereafter, at the court room of RTC, 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 existing and future improvements thereon, as follows:
Rep. Rufus Rodriguez (2nd District, Cagayan de Oro City) and his brother, Rep. Maximo Rodriguez, Jr. (Party-list, Abante Mindanao), filed House Resolution 2995, which directs the Committee on Suffrage and Electoral Reforms to look into the bidding process. According to the Cagayan de Oro lawmaker, the Commission on Election (Comelec) was allocated the sum of P784 million for the lease, installation and commissioning of printing machines including the supply and delivery of ballot paper with security features and other consumables for the printing of the official ballots for the May 13, 2013 national and local elections. “ T he C omele c a nd National Printing Office (NPO) then entered into a
Memorandum of Agreement (MOA) for the collaboration of the two agencies for the printing, supply and delivery of machine-readable ballots, among others,” he said. Rodriguez said one of the requirements of MOA pertaining to ballots requires that it passes several tests such as the paper expansion test, the post-qualification tests and the test on actual printing and UV/PCOS mass testing. “The NPO then issued an invitation to bid and its checklist for eligibility, but one of the requirements which states that the bidder must have been in existence since 2006 or earlier is allegedly an additional requirement of the NPO and is allegedly not in the MOA signed with the Comelec,” Rodriguez said.
He said of the prospective bidders—Advance Computer Forms, Inc. (Advance), Smartmatic-TIM Corporation (Smartmatic) and Holy Family-Canon (Holy Family) - that expressed interest, only Advance and Smartmatic were present during the PreBid Conference. “After the submission of bids and during the opening of the bids, Holy Family was declared the winner despite its failure to meet some requirements for eligibility. It failed to comply with the technical requirements and allegedly failed the testing of the NPO,” Rodriguez said. “It was determined that Advance failed on two counts while Smartmatic failed on the ground that it had not been in existence since 2006,” Rodriguez added. He said there are other alleged anomalies surrounding the bidding and these can only be threshed out by conducting a congressional probe.
natural calamity like Typhoon Pablo which resulted to the displacement of many people in Compostela Valley, Davao Orienta l and Davao del Norte,” she said. Once it becomes a law,
she said, the Bill will provide penalties for the violation of such rights that the IDPs possess. While there is an existing UN provision on the IDP rights, she added, it is merely seen as
a guideline by the Philippines. “We hope that it becomes a law before the election ban takes effect,” she said, since it w ill benef it t he many IDPs in the country.
Cimagala...
the mountain to meet God and then coming back down, bearing the love and strength drawn from him, so as to serve our brothers and sisters with God’s own love.” We should look forward to the discipline that Lent encourages us to live. It is truly good for us. And anyway, we cannot avoid having to grapple with suffering and ascetical struggle
due to our wounded human nature. And so we really need to learn how to go through the discipline to prepare ourselves for the challenges of life. We should see all this as part of the Good News God has given us. It should make us happy, and not too wary and afraid. We can consider it as some kind of sport and exercise that require some sacrifice but actually give us a lot more of benefits. Truth is we need to learn the ways of spiritual combat, how to deal with our own weaknesses and do constant battle with the temptations around. We need to learn how to grow in the virtues, since we usually tend toward laziness, disorder, imprudence, vanity, pride, gluttony and lust. Most of all, we need to learn how to know, love and serve God in a way that is directly felt and continuously done. All of this requires some kind of training, planning and a whole range of discipline. There are stages to go through, and so we need to articulate as clearly and as specifically the appropriate plans for each stage. We obviously need to ask for grace always, since it is grace that should underlie all the efforts. Without it, we cannot go very far in our spiritual growth. And thus, aside from prayer, we need to avail of the sacraments, the usual channels for grace to come to us. Let’s hope that this season of Lent will truly give a big boost in our spiritual life. If we try to be professional about it also, we should devise ways to see if indeed such growth has taken place at the end of Lent. *** Email: roycimagala@gmail. com
from page 6 God, the politically correct God. Lent is a good occasion to go back to God. But we have to understand that as involving a lot of sacrifice and struggle. Thus, the Pope in his message says that “Christian life consists in continuously scaling
TRANSFER CERTIFICATE OF TITLE NO. 137-2012007936 REGISTERED IN THE NAME OF MRS. EVANGELINE A. STANISZEWSKI “A PARCEL OF LAND (Lot 7, Block 4, PSD-10-056458, being a portion of Lot 1332-B4-B-5-E, PSD-10-052259). Situated in the Barrio of Kauswagan, City of Cagayan de Oro, Island of Mindanao. Bounded on x x x; Beginning at x x x; containing an area of Fifty Five (55) Square Meters, more or less.” Prospective buyers/bidders may investigate for themselves the title herein abovedescribed and encumbrances thereon, if any there be. In case March 4, 2013 will be declared holiday or non working day, the public Auction Sale shall automatically be held on the next working day without further notice, publication and posting. Cagayan de Oro City, February 1, 2013.
FOR THE EX OFFICIO PROVINCIAL SHERIFF
By: (SGD) JOSEPH C. MAAGAD Sheriff IV
BWM: February 6, 13 & 20, 2013
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) 231-6739a
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Foreign-funded risk reduction project extended to Comval, DavOr areas By BONG D. FABE, Correspondent
PROJECT Climate Twin Phoenix (Enabling Regions 10 and 11 to Cope with Climate Change), now being implemented in Cagayan de Oro and neighboring Iligan City, is extended to include the Typhoon Pablo--devastated provinces of Davao Oriental and Compostela Valley. The project, which is being implemented by the Climate Change Commission (CCC) of the Philippines in partnership with the United Nations Development Programme (UNDP) and Australian Agency for International Development (AusAID), will assist ComVal and DavOr in strengthening their capability in formulating their respective risk reduction and climate change adaptation plans. Specifically, the project will extend technical assistance in enhancing the two provinces’ multi-hazard maps, in coordination with other agencies such as the Mines a nd Geosciences Bureau (MGB), Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) and Project NOAH (Nationwide Operational Assessment of Hazards), taking into consideration the climate change projections, said CCC Vice Chairman Mary Ann Lucille L. Sering. “The enhanced multihazard maps will guide the local government units in identifying no build zones and build-up areas, updating of contingency plans, and instituting effective early warning systems and moving toward risk-based development and land use planning for the long-term,” Sering said. The project also shows
the UNDP’s and AusAID’s commitment to assist the Philippines in mainstreaming DRR and CCA into the national and local planning and regulatory processes. The Philippines ranks very high in various risk and vulnerability indices worldwide. The World Risk Index of the United Nations ranked the country 3rd, while Maplecroft’s Climate Change Vulnerability Index placed it at 6th place; the Global Climate Risk Index also ranked the Philippines at 4th, while the study Combined Vulnerability to Food Security Threats from Climate Change and Ocean Acidification Impacts on Seafood Availability ranked the country at 34th place in the combined ranking for vulnerability from climate change and ocean acidification. These ranking only validate that the Philippines has a very high vulnerability overall ranking to climate change impacts and catastrophes such as cyclones, drought, f loods, extreme weather events, temperature rise, shifting rainfall patterns, and sea level rise, among others. “We see the occurrence of extreme weather events in the future as a result of a rapidly changing climate. We should prepare our communities against these events by mainstreaming DRR/CCA
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 18 Cagayan de Oro city NOTICE OF EXTRA-JUDICIAL SALE File No. 2013-036 Upon extra-judicial petition for sale under Act 3135 as amended, filed by HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG FUND, Mortgagee, against MARISSA O. SINADJAN married to DANILO A. SINADJAN, Mortgagors, with postal address at #030 Centro Kolambog, Lapasan, Cagayan de Oro City, to satisfy the mortgage indebtedness of FIVE HUNDRED THIRTY FIVE THOUSAND SIX HUNDRED FIFTY SEVEN PESOS and 88/100 (Php 535,657.88), inclusive of interest and penalty charges as of October 17, 2012, plus expenses of foreclosure, the undersigned Sheriff will sell at public auction on March 8, 2013, at 9:00 a.m. to 4:00 p.m., at the Regional Trial Court, Branch 18, Room 117, Hall of Justice, Hayes St., Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the following properties described below including all existing improvements found thereon, to wit: TCT No. T-192130 A PARCEL OF LAND (Lot 1, Block 11, Psd-10-042689, being a portion of Lot 1, Block 37, Psd-10-039732), situated in Canitoan, Cagayan de Oro City, Island of Mindanao, including all improvements found thereon, containing an area of FIFTY FOUR (54) SQUARE METERS, more or less. TCT No. T-192131 A PARCEL OF LAND (Lot 3, Block 11, Psd-10-042689, being a portion of Lot 1, Block-37, Psd-10-039732), situated in Canitoan, Cagayan de Oro City, Island of Mindanao, including all improvements found thereon, containing an area of FIFTY FOUR (54) SQUARE METERS, more or less. All sealed bids must be submitted to the undersigned on the above stated-time and date. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title herein abovedescribed and encumbrances thereon, if any there be. Cagayan de Oro City, February 8. 2013.
FOR THE EX-OFFICIO PROVINCIAL SHERIFF
(SGD) NIZA P. TACANDONG Sheriff IV
BWM: Feb. 13, 20 & 27, 2013
into relevant planning and decision-making processes from the national to the city/ municipality levels,” Sering said. And Project Climate Twin Phoenix (Enabling Regions 10 and 11 to Cope with Climate Change) is one of the ways to do this. Davao Oriental Governor Corazon Malanyaon and Compostela Valley Governor Arturo Uy signed on February 4 in Davao City the Memorandum of Understanding formalizing the agreement with the CCC, UNDP and AusAID. The CCC, meanwhile, has signed the Memorandum of Agreement with the National Economic and Development Authority in Northern Mindanao (NEDA-X) for the establishment of the Climate Change and Disaster Risk Information System for Planning (CRISP) in the region in support of Project Climate Twin Phoenix. NEDA-X, through CRISP, will mainstream the CCA/ DRR process as well as support and enhance climate and disaster risk assessments in Northern Mindanao by integrating into the CRISP
all other databases and information systems it is operating, and network with critical agencies and local government units in data gathering, identifying issues and concerns on data structures and standards, and harmonizing the system in the partners’ respective k nowledge management systems. Project Climate Twin Phoenix is one of the CCC’s responses to the urgent call for action on climate change pursuant to Republic Act 9729 (Climate Change Act of 2009), which mandates, among others that “the LGUs as frontline agencies in the formulation, planning and implementation of climate change action plans in their respective areas, shall formulate their Local Climate Change Action Plan, consistent with the provisions of the Local Government Code, the Framework, and the National Climate Change Action Plan” (Section 14); and “ inter-local government unit collaboration shall be maximized in the conduct of climate- related activities” (Section 14).
Lauds...
Distribution Group COO Jim Aboitiz said. “AboitizPower has been doing business in Mindanao for close to 80 years. We continue to be steadfast in being the region’s partner for progress,” Aboitiz added. Damage to the franchise area of Davao Oriental Electric Cooperative (DORECO) was estimated at P139 million. A total of 183 barangays were severely hit in the municipalities of Baganga, Cateel and Boston. DORECO’s 3.75-MVA and
from page 4
ners. “We are honored to have linemen from VECO who dedicated themselves to this initiative. VECO’s sister company, Davao Light and Power Company, also provided support. Their joint efforts are a testament to how they are committed to serve not just their respective franchise areas, but also in communities where they can extend help,” AboitizPower EVP and
LDN Pantawid Pamilya grantees receive P18.5M SLP seed capital By Oliver Badel Inodeo, Contributor
A TOTAL of P18,523,000.00 seed capital from the Sustainable Livelihood Program (SLP) of the Department of Social Welfare and Development (DSWD) has been released to 3,435 Pantawid Pamilyang Pilipino beneficiaries in Lanao del Norte province recently. These beneficiaries come from 181 Self-Employment Assistance sa Kaunlaran Areas (SKAs) in the province organized by Project Development Officers of SLP, in coordination with Pantawid Pamilya field workers under the Convergence strategy of the three core social protection programs of the agency. Under the SLP, beneficiaries are allowed to get a loan ranging from P5,000 to P10,00 for their livelihood projects, which they themselves choose, Atty. Araceli F. Solamillo, DSWD Field Office 10 Regional Director, said. These loans, which are community-based that do not bear any interest and do not need any collateral are payable in one year so that others can also borrow under the same set of arrangements, Solamillo said. In Kapatagan town, the 57 SKAs with 1,035 members received P5,772,000.00 while the 41 SKAs with 865 members in Lala has granted P4,442,000.00. The Pantawid Pamilya beneficiaries of the interior municipalities Nunungan, Salvador and Sapad received P400,000.00; P1,330,000.00, and P875,000.00 respectively.
2.5-MVA power transformers in Cateel and Baganga, respectively, were without power. The franchise area of Surigao del Sur Electric Cooperative’s (SURSECO I) experienced total blackout after the typhoon damaged 217 poles. Severely hit were Bislig Cit y and the Municipality of Lingig with the total damage amounting to an estimated P8.5 million. “We are a ver y sma ll cooperative but hen you receive calls from the ex-
SPL. PROC. NO. 21-474
NORITHA ECOT GOMEZ, Petitioner, - versus –
ecutives of AboitizPower giving us encouragement and promising assistance, even before the typhoon hit, makes us feel happy and proud of this partnership,” Moralda said. Surseco is the tenth Mindanao cooperative to have signed with TSI, which has already signed out more than half of its capacity, when it’s completed in 2012. Surseco currently has a 2-MW contract under another AboitizPower subsidiary, Therma Marine Inc.
In the Matter of Petition for Issuance of New Owner’s Copy of Original Certificate of Title No. P-13154 in the name of JULIET ALEXANDRA ALCANTRA BEQUILLA, represented herein By her sister KIMBERLY ANN F. ALCANTAR, Petitioner, -
THE LOCAL CIVIL REGISTRAR, LALA, LANAO DEL NORTE Respondent. x-----------------------------------------------//
Meanwhile, Sultan Naga Dimaporo town beneficiaries with 50 SKAs have P5,704,000.00 for their seed capital loan. These beneficiaries, according to their project proposal, will be engaging in different types of livelihood projects such as handicraft making, hog fattening, cooking, buy-and-sell, among others. The SKA members are all Pantawid Pamilya Set 1 grantees. Aside from the 4P beneficiaries, qualified to borrow are those who are listed in the National Housing Targeting System (NHTS), Solamillo added. To ensure the success of the SLP, a five-component program that starts with a partnershipbuilding with the community, local government units have been developed by DSWD. Included in the process is the social preparation involving a Participatory Livelihood Issue Analysis and Value Chain Analysis, as well as Financial Literacy and Self-Awareness for the beneficiaries. Capacity-Building, including a Business Development Service and three-five (3 to 5) day trainings for the beneficiaries follow, after which the funding for the Micro Finance Institutions (MFI) comes about. For sustainability of the program, DSWD-10 extends technical assistance and equips the beneficiaries with a management tool which the beneficiaries themselves implement.
REPUBLIC OF THE PHILIPPINES REGIONAL TRIAL COURT 10TH JUDICIAL REGION BRANCH 28 MAMBAJAO, CAMIGUIN
Republic of the Philippine REGIONAL TRIAL COURT 12th Judicial Region, Branch 21 Kapatagan, Lanao del Norte IN RE: PETITION FOR CORRECTION OF ENTRIES IN THE BIRTH RECORD OF NHORIBEL ECOT GOMEZ FROM FEMALE TO MALE IN THE ENTRY FOR FOR HIS SEX OR GENDER.
11
MISC. CASE NO. 123
versus -
HON. ALMA CONCEPCION M. PARREÑO, Provincial Prosecutor, In her capacity as Ex-officio Register of Deeds, Mambajao, Camiguin Respondent. x-----------------------------------------------------/
ORDER
ORDER
A verified petition for Correction of Entry in the Birth Record of Nhoribel Ecot Gomez in the Local Civil Registry of Lala, Lanao del Norte, was filed by petitioner Noritha Ecot Gomez on July 23, 2012, praying this Honorable Court that after notice, publication and hearing, an order shall issue directing the Local Civil Registrar of Lala, Lanao del Norte, to: 1) CANCEL and CORRECT the following: the entry in the SEX of the petitioner’s son from FEMALE to MALE: 2) ISSUE to the petitioner’s son a corrected copy of his birth certificate; and 3) FORWARD a copy of the corrected birth certificate to the National Statistics Office, Manila. Finding the verified petition to be sufficient both in form and substance, the same is hereby set for initial hearing to March 22, 2013 at 8:30 o’clock in the morning. Let this order be published in a newspaper of general circulation in the province of Lanao del Norte once a week for three (3) consecutive weeks at the expense of the petitioner. The Local Civil Registrar of Lala, Lanao del Norte, and any person who has an interest in the petition may file his/her opposition thereto within fifteen (15) days from notice of this petition or from the last day of publication of this order. Further, let this Order be posted for fifteen (15) consecutive days prior to the date of hearing on the bulletin board of the Municipal Hall of Lala, Lanao del Norte; on the bulletin board of barangay Pinuyak, Lala, Lanao del Norte where the petitioner is residing and on the bulletin board of this court. The petitioner is directed to notify this Court of the publication of this order three (3) days before the scheduled hearing date. Furnish copy of this Order to the Solicitor General, Makati City, the Office of the Provincial Prosecutor of Lanao del Norte, the Local Civil Registrar of Lala, Lanao del Norte; Atty. Markson E. Divino, PAO Office, Lanao del Norte and Noritha Ecot Gomez, Lanao del Norte.
Petitioner, who is of legal age, Filipino, single and resident of San Roque, Mahinog, Camiguin, thru counsel, states that her sister Juliet Alexandra Alcantar Bequilla owns a parcel of land at Langcangan, Poblacion, Mahinog, Camiguin, identified as Lot No. 233, covered by Original Certificate of Title No. P-13154, in her name, duly registered in the Office of the Register of Deeds of Camiguin. That the owner’s duplicate copy of the OCT of the aforesaid parcel of land was lost and despite earnest effort to locate it, the same prove futile. The fact of such loss was duly registered in the Office of the Registry of Deeds of Camiguin. That the subject Original Certificate of Title has not been mortgaged, encumbered or sold to any individual or entity nor has been attached or otherwise confiscated by any lawful authority. It is the main thrust of the petition that after hearing the Owner’s Duplicate copy of the Original Certificate of Title which was lost be declared null and void and a new Owner’s Duplicate copy of the Original Certificate of Title No. P-13154 over Lot 233 be issued in lieu thereof under the same terms and conditions as contained in the original on file. The petition being sufficient in form and substance is hereby set for hearing in June 26, 2013 in this Court’s Session Hall, to start at 8:30 o’clock in the morning. Let copy of the petition together with all its annexes and of this Order be furnished The Register of Deeds at Mambajao, Camiguin; The Administrator, Land Registration Authority at Quezon City; and Provincial Prosecutor of Camiguin. The Process Server of this Court is directed to post copies of this Order in the 1.) Bulletin Board – Public Market, Mahinog, Camiguin; 2.) Bulletin Board – Municipal Hall, Mahinog Camiguin; 3.) Bulletin Board – Provincial Capitol, Mambajao, Camiguin; and 4.) Bulletin Board – this Court. Let copy of this Order be published at petitioners’ expense once a week for three consecutive weeks prior to the date of hearing in any newspaper of general circulation in the Province of Camiguin. Any person or entity whose interests might be adversely affected by this proceeding may file written opposition within a reasonable time prior to the date of hearing and appear personally during the hearing to substantiate the same. SO ORDERED. Done at Mambajao, Camiguin, this 4th day of February 2013.
SO ORDERED. January 4, 2013 Kapatagan, Lanao del Norte.
(Sgd. ) ALBERTO P. QUINTO Acting Presiding Judge BWM: Feb. 13, 20 & 27, 2013
(SGD) RUSTICO D. PADERANGA Judge BWM: Feb. 13, 20 & 27, 2013
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