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Issue No. 155, Volume III •

Market Indicators

As of 5:55 pm jan. 23, 2013 (Wednesday)

FOREX

PHISIX

US$1 = P40.62

6,092.53 points

0.20 points

1 cents

Briefly Rice sufficiency

EVERY Filipino wastes about two tablespoons of cooked rice and about nine grams of uncooked rice daily, according to the latest report issued by the Department of Agriculture (DA). In a press conference DA-9 information officer Melba Wee told the press that her office is pursuing a public information campaign aimed at reducing food wastage to help attain rice self-sufficiency in the country. “Rice is the primary staple of Filipinos yet the country is not rice selfsufficient,” declared Wee. As part of DA’s intervention to increase rice production, farmers have been given training on modern farming technologies.

Tax collection

THE Bureau of Internal Revenue (BIR), Revenue Region No. 16 (RR16) collected P7.51 billion in tax revenues in 2012. It registered a P284 million surplus or 3.94 percent above the assigned collection target. The collection for 2012 is higher by P1.38 billion or 22.56 percent than the collection in 2011. All the six Revenue District Offices under RR16 exceeded their collection targets. The revenue region covers the cities and municipalities under Northern Mindanao and Lanao del Sur. This is a big accomplishment for BIR RR16 under the leadership of Regional Director Alberto S. Olasiman. “It is the first time since 2008 to 2011 that BIR RR16 exceeded its collection target,” said Collection Division Chief Blandina Florante.

Cagayan de Oro City

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Now every Mondays, Wednesdays, & Fridays

January 25-26, 2013

P15.00

Senate approves CdO’s bill for reforestation By BONG D. FABE , Correspondent

HE Senate approved on third and final reading the bill reforesting 3,000 hectares of public land here, almost two years since the House of Representative passed such measure.

FIRE OUT. Residents try to salvage what is left of their homes after a 30-minute fire razed down ten houses in Brgy. 17, Burgos St. Cagayan de Oro Wednesday afternoon. photo by rolando sudaria

San Franz dads give in to traders’ plea By CHRIS V. PANGANIBAN Bureau Chief

SAN FRANCISCO, Agusan del Sur -- The town council here succumbed to public pressure and agreed to drastically lower down the stall rental fees of business establishments from a skyrocketing 1000 percent increase starting this year. The council was put in an awkward position when businessmen came in droves during a joint committee hearing on Thursday and

took turns in airing their gripes to protest to what they claimed as anti-business legislative measure particularly on Section 185 of Ordinance No. 9. After a lengthy deliberation to hear the complaints of local businessmen, the joint committee hearing chaired by Sangguniang Bayan (SB) member Salvador Retuerto agreed to give in to the demands of just increasing the rental to just 100 percent. Retuerto however ex-

plained that they still have to meet on another committee hearing on Monday to iron out the kinks and endorse the proposed amendment to Mayor Jenny de Asis for approval. “This is quiet burdensome on the part of us businessmen,” said Pastor Penalver who questioned the town council as to where did they based the new tariff which already based the fees on the per square meter daily rates from what used to be a low monthly rental fee. Based on the new tax traders/PAGE 7

“We are happy that this bill was finally approved since we really need to immediately reforest our public land to prevent another flood from happening again and kill thousands,” Rep. Rufus Rodriguez told the BusinessWeek Mindanao. House Bill 1398, authored by Rodriguez, authorizes the Environment department to reforest 3,000 hectares of public land in this capital city of Northern Mindanao. The Senate, which received the bill on August 10, 2011, approved it only last Monday (January 21). Rodriguez filed the original version of the bill (HB 5880) in 2009 during the 14th Congress but it failed to pass due to more bill/PAGE 7

SINULOG. Former Las Piñas Rep. Cynthia Villar and Cebu Archbishop Jose Palma shares good moments during the Sinulog grand stage presentation at Cebu City sports complex last January 20,2013. A dvertorial

MinDA tackles power concerns DAVAO City -- The Mindanao Development Authority (MinDA) in coordination with the Department of Energy (DOE), together with the power industry power/PAGE 7

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JV thanks P-Noy for Kasambahay Act SAN JUAN City Representative JV Ejercito Estrada expressed gratitude to President Benigno Aquino III amid reports that PNoy has already signed into law the Domestic Workers’ Act, widely known as Kasambahay Act.

Ejercito

“I’m very thankful to President Aquino for his concern over the plight of household helps who have long been at the mercy of their respective employers,” Ejercito Estrada said. “This is the best gift we can give at the start of the new year for these hardworking men and women who tend to our homes and take care of our children.”

The Kasambahay Act ensures the rights and welfare of the estimated 2 million household helps all over the country and also pegs their minimum salaries. Under the new law, the minimum salary of a domestic helper is pegged at P2,500 in Metro Manila, P2,000 in chartered cities and first-class municipalities, and P1,500 in the rest of the country. The law orders the Regional Tripartite Wages and Productivity Board to determine succeeding salary increases following consulta-

tions with stakeholders. Apart from monetary compensation, which includes a 13th-month pay, the law also mandates employers to enroll their househelpers in Social Security System, Philhealth, and Pag-ibig Fund and to pay part of their monthly contribution. Also, domestic helpers should be afforded at least eight hours of rest every day and a day off a week. “Most household helps have very little education,” Ejercito Estrada said. “That is why I’m glad that my pro-

posal to require employers to allow their household helps to complete their basic education has become part of the new law.” A similar bill was first filed 15 years ago. The current bill went through countless modifications before it was finally approved in the 15th Congress in the first week of December. The San Juan lawmaker, as vice chairman of the Committee on Labor, is among those who shepherded the bill through the House of Representatives.

COTA BATO Cit y -- As promised by President Benigno S. Aquino, more funds for socio-economic projects in the impoverish communities of the Autonomous Region in Muslim Mindanao (ARMM) have been released. Each of the five ARMM provinces received on Tuesday an initial tranche of more than P10 million from the Transition Support Investment Plan (TISP) for local fisheries and agricultural projects. These projects were intended to improve the lives of farmers and fisherfolks in remote areas in the autonomous region. Generally, the TISP aims to improve living conditions in poor or underdeveloped communities in the autono-

mous region in support of Malacañang’s Mindanao peace efforts. ARMM Acting Governor Mujiv Hataman and Agriculture Secretary Maritess Maguindra led the distribution of checks on the second day of the 2-day Regional Economic Development and Planning Board (REDPB) meeting here. REDPB is the region’s socio-economic planning body. According to Maguindra, the initial grants released to the provincial governors were only 47 percent of the total agriculture and fisheries TISP package for the ARMM. Governors Esmael Mangudadatu of Maguindanao and Mamintal Adiong Jr. of Lanao del Sur, and Tawi-Tawi

Vice Gov. Hadja Ruby Sahali received the checks in simple ceremonies. She said additional grants will be released as soon as the ARMM government receives the remaining TISP funds from the Department of Budget and Management. “We would like to express our gratitude to President Benigno Aquino and the ARMM leadership for these grants,” Sahali said. Basilan Governor Jum Akbar and Sulu Gov. Abdusakur Tan failed to attend the meeting due to prior commitments. Their checks will be released as soon as the provincial executiuves are available for the official turn over program. Mangudadatu said the projects under the TISP will boost economic development in Maguindanao towns devastated by armed conflicts and natural calamities. Hataman said Maguindanao received an initial P14 million tranche from the ARMM’s agriculture department, while Tawi-Tawi received more than P11 million. Lanao del Sur received a much bigger amount of P16 million, according to Maguindra. The funds are intended for a new program of the ARMM called “HELPS,” or the convergence of Health, Education, Livelihood, and Public Services in selected impoverished areas in farflung communities. ”This is a dream come true for our people. After working hard for this, our request was granted,” ARMM Regional Health Secretary Dr. Kadil Sinolinding Jr, said. “As a result of the fund releases, DOH-ARMM has approved 300 slots for midwives for ARMM funded by DBM,” he said. “Part of the project involves the allocation of about 75 slots for Indigenous People who are qualified for the post,” Sinolinding said. ”Only registered midwives, with NBI, police and barangay clearance and resifunds/PAGE 8

ARMM provinces get funds for socio-economic projects

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Toyota Philippines unveils the all-new 2013 RAV4 THE Rav4 is a name conceived as a vehicle name suited for a compact SUV that matches its active, sporty, youthful and stylish image. This iconic name was derived from the first letters of the words; Recreational, Active, Vehicle and it being a four-by-four (4x4). In January, Toyota Motor Philippines (TMP) unveils the all-new 2013 RAV4. Based on the principles inherited from its predecessors, the RAV4 hosts new innovative features and enhancements for its lifestyle driven customers. Unconstrained and filled with a youthful vibe, the all-

new RAV4 is visually more powerful than ever before. The RAV4 is built with a stroke of sophistication that makes it more appealing to those who catch a glance on it. Aerodynamics is also given importance for its exterior styling and Aero Stabilizing Fins have been added on the outer mirrors and rear combination lamps to ensure driving stability. It is equipped with stylish 17” aluminium wheels and tires with low rolling resistance that contribute to better fuel efficiency. The overall exterior design aims to capture the essence of a compact SUV’s

agile and sporty character by adding a sense of excitement expressed by the RAV4 DNA. The a ll-new R AV4 is powered by a 2.5-liter, Dual VVT-i (Dual Variable Valve Timing-intelligent) engine which aims to achieve fuel economy, high engine output and decreased fuel emissions. Furthermore, excellent acceleration performance has been ensured, particularly from low to high speeds with its 6-speed automatic gearbox. Built with strong proportions, this premium compact SUV also invites you to experience the fun in driving as you enter its cabin. The toyota/PAGE 7

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KOICA-COAID, MOSCAT to hold training on mushroom production technology IN support to the project through the Institute of on Technology Transfer Agriculture addressing for Microbia l/Orga nic technology dissemination Fertilizer and Mushroom and commercialization Cultivation in Claveria, among the farmers in the Misamis Oriental which is province. now being implemented by This training on mushKOICA-COAID, DA-RFU room technology transfer is 10 through the Claveria carried out in 4 sessions at Experiment Station (DA- 2 hours per session (JanuCES) a nd MOSCAT, a ary 25, February 1, 8, and Training/Seminar program 15, 2013 at 10:00 to12:00 for mushroom technology am) which will be held at will be conducted by the the IA eroom. Dr. Chang, Korean International Co- Hyun-You, an expert on operation Agency (KOICA) Mushroom Technolog y through the Center for from Korea National ColOverseas Agriculture and lege of Agriculture and International Development Fisheries, South Korea and (COAID) project team and also the KOICA project the Misamis Oriental State team leader on Mushroom College of Agriculture and Technology Transfer will Technology (MOSCAT) of be the resource speaker. Claveria, Misamis Oriental KOICA-COAID will provide mushroom cultivation book (160p volume), lunch (refreshments), gift (shirts with collar) and certificate to the participants with perfect attendance. The topics will deal largely on â€˜How to make money through mushroom cultivationâ€™ for Claveria community. Participants who will be invited are limited to only forty (40) which will be composed of MOSCAT faculty, students, agricultural technicians and farmers who are interested on mushroom cultivation. KOICA, the funding agency, is a government organization in Korea under the Ministry of Foreign Affairs and Trade, engaged in international development cooperation by providing material and physical aid to reduce poverty and achieve sustainable development. The COAID, the implementing agency and a subsidiary institution of Chungbuk National University in Korea, implemented programs and projects in the developing countries like the Philippines, focusing on major program areas on rural development, environment and climate change. This project covers the implementation of the technology transfer on commercial mushroom production and organic fertilizer production in Claveria Experiment Station and MOSCAT for period of 9 months (from November 3, 2012 to August 3, 2013) and subject for extension for another one year based on the performance of the project and subject for the approval of funding support from KOICA.

A new advertising medium for businesses is this rotating contraptions found on what used to be plant vases lining the Velez Street in front of the Misamis Oriental provincial capitol in Cagayan de Oro City. Observers are wondering how this came about and where the money goes from the advertising revenue generated. Photo by Gerry L. Gorit

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BSP to print more money amid growth THE Bangko Sentral ng Pilipinas is printing more money until next year to accommodate a fast-growing economy and replace older bills. BSP Deputy Governor Diwa Guinigundo said the central bank this year would print two billion pieces of peso bills, including the so-called New Generation Currency (NGC), and raise production to three billion in 2014. This year will be the last time the BSP will issue the old-generation notes. The BSP started releasing the NGC bank notes in December 2010. The new notes, which feature famous Filipinos and iconic natural wonders, will be issued in six denominations. The additional bills are on account of “economic growth to remain high, then there’s demand for money, plus demonetization,” Guinigundo said, citing the government economic growth target of 6-7 percent this year. The Philippines’ gross domestic product (GDP) grew 6.5 percent in the first nine months of 2012, higher than the govern-

ment’s full-year target of 5-6 percent. In the third quarter alone, growth came in at 7.1 percent, making it the fastest in Asean and the second-best in Asia next to China. A measure of economic performance, GDP is the amount of final goods and services produced in the country. The additional notes comes at a time when the Philippines will hold its mid-term elections, but Guinigundo said the boost to money in circulation rests on solid fundmentals. “Domestic capital formation is getting to be more important,” he said. Besides investment, the economy would also get a boost from remittances, which is likely to exceed the BSP’s five percent target for this year, he said. “We found new markets and strong presence of domestic banks. Our skills profile is still in demand,” Guinigundo said, referring to overseas Filipino workers. At end-November last year, remittances grew 6.1 percent year-on-year to $21.6 billion.

P400 million will be allocated to fund their capitalexpenditure requirements. The PBB will invest P50 million in opening branches in the cities of Makati, Mandaluyong, Pasay, Pasig and Quezon within the first quarter of 2013. It will also invest another P50 million to open branches in the cities of Caloocan and Marikina, as well as Pateros town; Zamboanga City; Tuguegarao City, Cagayan province; Cauayan City, Isabela province; Butuan City, Agusan del Norte province; Tagum City, Davao del Norte province; Tacloban City, Leyte province; and Kalibo town, Aklan province within the second and third

PNB-Allied Bank official merger set Feb 9, ‘13 LUCIO Tan-led Philippine National Bank (PNB) and Allied Banking Corporation (Allied Bank) will officially merge on February 9, 2013. In a disclosure with the Philippine Stock Exchange (PSE) Tuesday, PNB said its Board of Directors, in a special meeting during the day, “approved to set the effective date of the merger between Philippine National Bank (PNB) and Allied Banking Corporation (ABC) on February 9, 2013.” It, however, clarified that the said date is “subject to the approval of the same by the Board of ABC.” On January 18, 2013, PNB announced that it has received the approval by the Securities and Exchange Commission (SEC) of the banks’

merger and the amendment of Articles VI and VII of PNB’s amended articles of incorporation “reclassifying PNB’s authorized preferred shares into common shares and increasing the number

of directors from 11 to 15.” The banks’ merger has received the approval of the Bangko Sentral ng Pilipinas (BSP) on August 2, 2012. Similarly, the Philippine Deposit Insurance Corpora-

tion (PDIC) has given its approval to the merger of the two banks. The merger will result in the creation of 4th largest private domestic bank in pnb/PAGE 7

THE BANK of the Philippine Islands (BPI), the country’s second largest in asset terms, targets a 12-15% growth in its loan portfolio this year, its top official said. “We expect our loan portfolio to increase by 12-15% this year driven by

the broad-based demand from top-tier corporates, the middle-market, SMEs (small and medium enterprises), and consumers,” BPI President and Chief Executive Officer Aurelio R. Montinola III told reporters on the sidelines of

the central bank’s annual reception for the banking community last Friday. The bank targeted a 1215% increase last year as well. “Last year, we targeted a 12-15% rise in our loans and then we saw a ver y strong demand during the

start of the year so we could end around having a 15-16% loan growth,” Mr. Montinola said. For this year, Mr. Montinola said the challenge for BPI and other local banks is to replicate their good performance in 2012.

BPI sets 15% loan portfolio expansion goal

IPO of Philippine Business Bank set THE Philippine Business Bank (PBB) expects to fetch at least P4.01 billion from the issuance of 101,333,400 common shares through an initial public offering (IPO) set for next month. In its prospectus, PBB said each share to be listed at the Philippine Stock Exchange costs P41.94. It added that the offer period starts on February 6, while the listing date is set for February 19. The thrift bank, owned by former envoy Alfredo Yao, plans to use the proceeds to pay for bank-branch licenses, expand its branch network, implement informationtechnology (IT) projects, and acquire assets. About

Friday-Saturday Jan. 25-26, 2013

quarters of the year. The bank estimates that it would invest P100 million in improving its IT infrastructure system, such as its current account and savings account/general ledger, treasury and loan-management systems, as well as in upgrading its servers, in the fourth quarter. The PBB will also spend P200 million to acquire branch licenses in the cities of Caloocan, Malabon, Navotas and Valenzuela; central and southern Luzon; the Visayas; and Mindanao in the same quarter. It will invest the net proceeds in short-term demand bank/PAGE 7

Legacy ‘depositors’ fail to show up for estafa complaint, says PDIC LESS than half of the 88 respondents in the estafa cases that the Philippine Deposit Insurance Corp (PDIC) filed in connection to the shuttered Legacy group of banks showed up before the Department of Justice (DOJ) for preliminary investigation. In a statement, PDIC said only 36 respondents showed up during the preliminary investigation held on January 15 at the Office of the Bacolod City Prosecutor, with only one submitting a counter-affidavit. The DOJ has given the 87 others 30 days to submit their replies during the next hearing on February 15. The DOJ said the deadline cannot be extended, adding that it will issue a subpoena to the 52 respondents. According to PDIC’s complaint, the respondents, including spouses Manu and Champa Gidwani, allegedly falsified commercial and official documents so that they can receive deposit insurance payments for accounts in the Legacy banks that they misrepresented as their own. The PDIC also accused the respondents of filing claims estafa/PAGE 7

Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 42 Medina, Misamis Oriental -oOoRural Bank of Balingasag (Mis. Or.) Inc. as rep. CIVIL CASE NO. 349-M by it’s Manager Calvin Cezar D. Emata mortgagee FOR: -versus- Extrajudicial Foreclosure of Real Estate Mortgage Under Act 3135, As Amended by Act SPS. URBANA & SULPICIO CARMONA, 4118 mortgagors. X-----------------------------------------------------/ SHERIFF’S NOTICE OF EXTRAJUDICIAL SALE Upon extrajudicial petition for sale under Act 3135, as amended by Act 4118, filed by the Rural Bank of Balingasag (Mis. Or.) Inc. as rep. by it’s Manager Manager Calvin Cezar D. Emata mortgagee, against SPS. URBANA & SULPICIO CARMONA, mortgagors, with residence and postal address at Buko, Kinoguitan, Misamis Oriental, to satisfy the indebtedness of the mortgagors to the former in the amount of FOUR HUNDRED FORTY TWO THOUSAND & 00/100 (P442,000.00) Philippine Currency, representing the principal and interest due excluding penalties, 10% attorney’s fees and other liquidated damages as of September 30, 2012 plus all other expenses incurred in connection with this petition and sale, the undersigned RTC-OCC Sheriff’s sell at Public Auction on February15, 2013 at 10:00 o’clock in the morning or soon thereafter at the Hall of Justice, RTC-OCC , Medina, Misamis Oriental to the highest bidder for cash and in Philippine Currency, the following property with all improvements thereof to wit: ORIGINAL CERTIFICATE OF TITLE NO. P-16217 (Lot No. 1053, CAD-820-D, C-2) A PARCEL OF LAND, situated in the barrio of Buko, Municipality of Kinoguitan, Province of Misamis Oriental, Island of Mindanao. Bounded on the NE., along line 4-5, by Lot 1054; on the SE., along line 5-6 by Lot No. 1448; along line 6-1, by lot 1457; and on the SW., along line 1-2, by lot no. 1043; on the NW., along line 2-3 by lot no. 1052; and along line 3-4 by Lot 1055. All of Cad 820-D. Beginning at a point marked “1” on the plan being N. 61 deg. 41’E., 1939.99 m. from BLLM No. 1, Cad-820-D Kinoguitan Cadastre thence: N. 56 deg. 35’W., 76.16 m. to point 2; N.54 deg. 45’E., 70.44 m. to point 3; N. 49 deg. 18’E., 68.95 m. to point 4; N.44 deg. 13’E., 69.94 m. to point 5; N. 34 deg. 40’W., 20.06 m. to point 6; N.53 deg. 54’W., 103.44 m. to point of beginning containing an Area of Nine Thousand Four Hundred Five (9,405) Square meters more or less. All points referred to are indicated on the plan and marked on the ground. In the event of failure of bidding or auction sale cannot take place for whatever reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective bidders/buyers may investigate for themselves the title and tax declaration herein above described and encumbrances thereon, if any there be. Medina, Misamis Oriental, January 07, 2013. (Sgd.) ALFRAN A. MABELIN RTC-Br. 42, SHERIFF IV Copy furnished: Mr. Calvin Cezar D. Emata- Manager of Rural Bank of Balingasag, Balingasag, Mis. Or. SPS. URBANA & SULPICIO CARMONA- Buko, Kinoguitan. Mis. Or. BWM: Jan. 25, Feb. 1 & 8, 2013

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What Are You Worth? THINK a minute… A famous American football coach was interviewed on television. The coach’s son was a star player on his team. In the interview this fathercoach was asked how he felt about his son’s success as a football player. His answer surprised millions of people watching the TV program. He said: “I’m pleased that my son is a fine athlete. But I’d be just as proud of him if he’d never even played football.” It made me think of a story I read about a boy whose father died just a few months before he was born. His mother was very hard and unkind to him. Plus, her job kept her away from home most of the time, so she gave her little boy almost no attention, love or train-

Speaking out

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Divorce and question marks THERE are a good number Viewpoints of not only elementary but also concrete questions that

come to mind when rather close allies of Malacanang especially in the Legislative Department as well as from the secular and/or ideological sectors of society, are earnestly and repeatedly batting for the institution of divorce in the Philippines. They use all known and possible media outlets to speak and promote divorce so that people by and large become used to it, be at ease with it and eventually like and affirm it as a fact of life. If and when divorce become a reality, then change the Phil. Constitution and revise the Family Code of the Philippines in order to accommodate divorce – contrary to their respective defining provision about the nature of marriage. In substance, the reasons usually given are the following: One, it is only in the Philippines that there is no divorce when all other countries in the world have it long since. Two, it is time to be realistic and practical in addressing the matter of marriage and divorce as a realistic and practical pairing. Three, there are more marital separations in the country to thereby less and less marriages therein. Four, it is so expensive to obtain Civil Annulment such that only the rich can have it while cheap divorce could be readily obtained even

ARCH. OSCAR V. CRUZ (Ret)

by the poor. Five, there are solid grounds for divorce such as violence, infidelity, abandonment – in addition to the “No Fault Divorce” such as that observed in the USA. Question 1: Is it really a shame – or an honest pride and honor – that Filipinos continue to hold on to marriage for life, to honor their marriage commitment in health or sickness, until death do them part? Question 2: Is it truly d i f f icu lt to u ndersta nd that those who subscribe to marriage and divorce at the same time wallow in self-contradiction – if not also indulges in fakery and hypocrisy? Question 3: Is it divorce that in effect would prevent marital separations and increase the number of those getting married – or would divorce instead actually inspire such conjugal divisions and underrate the fact of cruz/PAGE 7

IGNACIO BUNYE

IN my previous article, I wrote about National Banking Week and how important banks are to financial consumers like us. National Banking Week is held on every first week of January, and enjoins all banks to promote and publicize their activities in the local communities. In an e-newsletter, the Financial Consumer Affairs Group (FCAG) of the

ing. As a result, he had no self-confidence or even any friends, so he was alone most of the time. When he was 13 years old, a school counselor said this boy never knew what it was like to be loved, or feel safe and protected by his mother. Even though he was very smart and intelligent, he failed in school and dropped out when he was 16. So he joined the Marines, hoping it would make him a real man. But the other soldiers made fun of him and put him down. Naturally, he fought back and resisted authority, so he was soon kicked out of the Marines. There he was, in his early 20’s with no friends or family. He later married, but in a short time even his wife

left him. It was clear to this young man that no one in the world wanted him. So one day he took a gun with him to his job. From a window on the third floor of his work building, on November 22, 1963, this lonely, rejected man named Lee Harvey Oswald, shot and killed the American President John F. Kennedy. In shooting that gun, Lee Harvey Oswald used the only skill he’d learned in his lifetime of pain and unhappiness. But what’s even sadder is there are millions of people like Oswald. They’ve been abused and mistreated, so they’re deeply unhappy and hurting. They’ve not been given love, kindness or respect, not even by their own family. But today, if you’ll give all your pain and anger

Think a minute

JHAN TIAFAU HURST

to God, He can start healing your heart and changing your life. Only your Maker can show you how important you are and what you’re really worth. He can even use your past pain to make you a stronger, better person. Why not ask Him to start today? Just think a minute…

Banks: The need to save (Conclusion) Bangko Sentral ng Pilipinas discussed the need for continuing campaign efforts to highlight the importance of saving in banks. Citing financial websites www.topbusinessfinance. com and lawschool.unm.edu, the FCAG noted “safety” and “interest” as the top reasons why banks are essential to us. The bank, of course, remains the safest place to keep one’s money. High-security facilities ensure that the money is protected from theft, damaging elements (e.g. rodents, insects), and disasters (e.g. fire, flood). Banks also allow one’s money to earn interest, as opposed to letting it lie “dormant” in one’s house, the FCAG said. Here are the other reasons why a financial consumer should seriously consider putting his or her money in

the bank: • Convenience — There are several bank branches to serve you so you always have easy access to your money. Most banks likewise offer complementary online banking services such as bills payment, fund transfers, and e-shopping. • Credit — Banks can help a financial consumer establish and build a credit history. They are willing to loan money to people with good financial standing and who manage their finances responsibly. If you start that relationship with the bank, they will be able to work with you when you need help (e.g., obtaining housing or car loans). • Economic growth — The FCAG said that through banks, an ordinary depositor can help “pump-prime” the economy. Banks can “assist” families in buying homes,

help small businesses to grow and thrive, and ultimately promote the country as a favorable place for doing business. • Protection — Banks are highly regulated institutions, according to FCAG. The biggest safety net that you have with your bank savings comes from the Philippine Deposit Insurance Corporation, which insures savings of up to P500,000. “Further, be secure knowing that the BSP, as the supervisor of all banks, continues to formulate policies and institute controls that protect clients and their money from overprofiteering or erring bankers,” the FCAG emphasized. We should also be aware that there is an existing Memorandum of Agreement between the Bangko Sentral and members of the Bank Marketing Association bunye/PAGE 7

What to think of success SOME seminarians, still fresh and green in seminary life, approached me the other day to ask about success. When asked what in particular about success they wanted to know, they fumbled and just said, anything. That’s when I realized they were just after fulfilling a class requirement by making some paper about a topic, something that I, of course, understood very well. I passed through that stage. I suppose everyone does. But the query ignited vivid memories of childhood. Back in my grade school and high school years, I thought success was having good grades, reaping honors right and left, having drop-dead looks that would seduce girls immediately, being versatile in talents, competent in work, becoming a millionaire and a powerful man in society. There were many other fantastic ideas that passed through the mind and engaged me in some suspenseful

episodes. But it took some time before reality would sink in properly. I suppose the youth are entitled somehow to some extravagant ideas. Yes, reality has a way of making itself felt. In my case, it was when I stumbled over a biblical passage that said something like everything in life is vanity. At that moment, I was also experiencing all sorts of frustrations and disappointments, making me prone to give favorable attention to that passage. I knew some of these disappointments were caused by my exaggerated expectations. But there were others which I thought I deserved rightfully but were denied to me. And so I fell into thinking seriously about what meaning life really has, what success in life would really consist. It was only later when I could point the exact citation that really opened my mind and heart. A priest recited a line from the Book of Ecclesiastes that struck my attention, first of all, because

of its poetic charm. Only later did I relish its significance. The line was: “Vanity of vanities! All is vanity. What does man gain by all the toil at which he toils under the sun? A generation goes, and a generation comes, but the earth remains for ever. The sun rises and the sun goes down, and hastens to the place where it rises...” (Ecc 1,2-5) And the passage continues in its rhythmic lyricism, pumping in more and more the realistic message that indeed everything in life is vanity, and that actually only one thing is necessary. And that is to be with God. It does not really matter whether we rise or fall in life in the many terms our life here can be measured and assessed—money, fame, looks, health, talents, etc. But it is only when we are with God can we truly say that we have succeeded in life. It’s a truth reiterated and reinforced by Christ himself when he said: “What does it

Hintsandtraces

FR. ROY CIMAGALA

profit a man if he gains the whole world but loses his own soul?” And also when he said in the episode of Martha and Mary that “only one thing is necessary, and Mary has chosen the best part.” We need to be vigorously awake to this truth, because many now are the irresistible worldly decoys that divert us from it. That being with God is the only thing necessary never means that the things of this world cimagala/PAGE 7

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Bank... from page 5

deposits and money market placements. The PBB clarified that these proceeds will be used to repay outstanding obligations to the joint lead underwriters or issue manager, as well as to reimburse any officer, director, employee or shareholder for services rendered, assets previously transferred, or money loaned or advanced. The lender has tapped Asian Alliance Investment Corp. to be its financial advisor and issue manager for the public offering, and First Metro Investment Corp. and SB Capital Investment Corp. as its joint lead underwriters. As of September 30, 2012, the PBB has 72 branches in strategic business, commercial and industrial areas in Metro Manila and in key urban locations in various provinces that cater to small and medium enterprises. The bank has 13 unfulfilled branch licenses: nine for Metro Manila and the rest for provincial branches. In the first nine months of 2012, the PBB posted a

net income of P624.10 million from P549.2 million in the same period the year before. The bank ’s assets and liabilities are valued at P29.66 billion in the first nine months of 2012, from P23.97 billion in the same period the year before. The PBB’s interest income dropped by 1.71 percent to P1.24 billion in the first nine months of 2012 from P1.26 billion in the same period the year before due to lower interest income from investment securities that decreased to P268.81 million from P460.69 million.

Estafa... from page 5

claims for deposit insurance and receiving deposit insurance payments from the PDIC when they are not the true owners of the said deposit accounts maintained with the Legacy banks. The state insurer said this transaction was facilitated when a bank ’s branch in the Visayas accepted 683 “crossed checks” issued by PDIC as deposit insurance payments to the respondents. The bank allowed the deposit of the said “crossed checks”

Traders...

Bill...

ordinance, the new tariff would go as high as more than P4,000 monthly from the old rental fee of P400 a month. The new tariff would apply to business stall on both sides of the Center Island, around the circumferential provincial road of the town center and within the San Francisco Public Shopping Mall. The tow n counci l through the new tax ordinance has dramatically increased a new tariff to boost its ta x col lec t ion to t he ever prog ressi ng business activities of this premiere town after nine years that there seems to be ta x holidays for sta ll owners. Retuerto defended the town council’s move saying there have been no new legislative tax measures for a long time and that this has been carefully studied and has gone through public hearings last year to ensure such new tariff would not be oppressive and excessive to the detriment of the business climate. But mounting pressures from the obviously irate businessmen prompted the town council to come to a bargaining agreement by amending such provision of Ordinance No. 9. Businessmen have also asked for the amended version of the new tariff to take effect up to 10 years but the town council asked for their indulgence of maintaining the five-year period as inscribed in the ordinance. Stall owners who have already reached a two-year renewal contract with the Municipal Treasurer’s Office when they processed their business permits this year would still stay.

Appropriating Funds Thereof. “Trees are very important in maintaining and improving the quality of life. They remove carbon dioxide and release oxygen. Further, they filter out harmful pollutants. More importantly, tree absorbs water from the soil, making the soil drier and able to store more rainwater,” the bill’s explanatory note reads. At least P37.5 million will be allocated to implement it in the city’s two congressional districts, which will be charged to the annual national budget. It also tasked the Environment secretary to ensure its implementation. Before sending it to Malacanang for the President’s signature, Congress must first adopt the reconciled version of the bill. Rodriguez explained that the main reason for the bill is to address flashfloods while contributing to mitigating climate change. Cagayan de Oro suffered its worst f lood in December 16, 2011 when Typhoon Sendong dumped a month’s worth of rain on the city in 24 hours that triggered a massive flashflood that killed hundreds and destroyed billions worth of properties and infrastructures. In January 3 and 11, 2009, f loodwaters engulfed the entire city for the first time in its recent history brought about by incessant rains due to the tail-end of a cold front. “I was really appalled at how the flashfloods disrupted many lives and so to prevent that calamity from happening again, I have filed this bill,” Rodriguez said. Senator Francis “Chiz” Escudero, chairman of the Senate Committee on the Environment and Natural Resources, explained the

from page 1

to a single account despite PDIC’s specific instruction that the checks should be “For Payees Account Only.”

Bunye... from page 6

of the Philippines (BMAP) regarding a special kiddie account program. The BMAP, composed of the country’s leading banks, has developed the “Banking on Your Future (BOYF) Kiddie Account Program.” This new type of savings account encourages kids and schoolchildren to start the habit of saving regularly. The program allows kids to avail of their kiddie savings accounts with R100 or less initial deposit and to build up the balance to the required minimum to earn interest. Pa r t ic ipat i ng BM A P member banks include Allied Banking Corporation, Banco de Oro Unibank, Inc., Bank of the Philippine Islands, China Bank Savings, Inc., Development Bank of the Philippines, East West Banking Corporation, Maybank Philippines Inc., Philippine National Bank, Philippines Savings Bank, need for the immediate passage of the bill since reforestation will protect the city, its people and the environment from flashfloods. He said that recent typhoons and weather disturbances that had lashed Mindanao in recent weeks are enough reasons for the urgent passage of the bill. Kagay-anons are now wary of rains and typhoons after the Sendong experience. And rightly so given that 28 percent of the city’s land area of 13,962 hectares where most of the residents live is a narrow coastal and flood plain, while 72 percent is situated on rolling to steep terrain. Of the city’s total land area, 5,251 hectares or 38 percent is classified as timberland in barangays Cugman, FS Catanico, Tablon, Balubal and some parts of Agusan and Macasandig. Of the total timberland area of the city, only 1,809.43 hectares of 34.46 percent is with tree or forest cover. And almost all of the timberland areas of the city are fully covered with tenurial instruments such as ISF, IFMA, CBFMA and FLGMA which explains why only a small percentage of the timberland areas have forest cover remaining. “Forest mitigates climate change. Forests, whether natural or man-made, absorb the impacts of climate change through sequestration of carbon dioxide, intercept rainfall and channel the rainwaters to underground storage, thus minimizing the occurrence of f lashf loods and help regulate stream flow,” Rodriguez said.

Power... from page 1

in the island will resume consultations on addressing the need for additional power supply and to formu-

Philippine Veterans Bank, RCBC Savings Bank, and Security Bank Corporation. Note: My book Central Banking for Every Juan and Maria is available at Fully Booked, Bonifacio Global City. Please call 8587000 or 8587004 to reserve your copy. You may e-mail us at totingbunye2000@gmail.com. Past articles may be viewed at http://speakingout.ph

Cimagala... from page 6

important, that we can take a passive attitude toward them or that we just be mediocre about them. Rather the contrary. Being with God would push us to the limit to make the most out of whatever we do or whatever happens to us in this life. And that is to trust him, to love him, and because of that love, we have to love others the way God loves all of us. Whatever happens here, whether we rise or fall, whether we win or lose, only has relative value. What is of absolute value is being with God. This is what true success is. This is how genuine late the Mindanao Energy Plan (MEP). Romeo M. Montenegro, director for Investment Promotions, International Relations and Public Affairs of MinDA, said the forum will be done by region starting February to gather inputs that will form part of the MEP. He said they need to conduct consultation by regions because each area has unique concerns and at the same time they can go into more specific details on the energy requirements per area. Montenegro said this will be among the long-term steps in addressing the problem as power needs of the island will increase by about 1,000 megawatts in 2020 based on the power growth demand of 4.7 percent. Power companies asked the government to come up with a clear policy on energy so that businessmen would be encouraged to invest in the island. There are ongoing power projects he said but even if these projects start to generate power, the supply by then will still be insufficient. He said two of these projects are on-going and will be operational by 2016, where one is the coal project of Therma South Inc. of Aboitiz (situated in the boundaries of Davao City and Davao del Sur) for a 300 megawatts capacity and the other coal project of Conal Holdings Corp. of the Alcantara Group for 200 megawatts. The other project is by the Filinvest power company, the FDC Utilities for 400 megawatts coal-fired plant but they are still in the scooping stage. It will be located near the STEAG plant in Cagayan de Oro, Montenegro said. “These projects are welcome developments,” Montenegro said, “but are all

success has to be assessed and measured. Many times, we have to make a choice between God and us. St. Augustine precisely formulated the choice we have to make in the life in the most radical way by saying that it’s always a choice between God and us everytime we do something. We have to make sure that we win the favor of God before we consider winning the favor of men. Let’s follow the example of St. Peter, and many other saints who articulated their choice by saying that they obey God first before they obey men. True success lies there, and not in any other.

Cruz...

dependent on fuel. That is why in support to attracting more investors on power he said the long term program is the regreening of forests and watersheds.” He said they are also aggressive in promoting this and are more into encouraging small hydro projects that will generate 5 to 10 megawatts, and bio-mass and solar power. (PNA)

The all-new RAV4’s exterior colors embody the progressive silhouette appearance of a premium compact SUV. Customers have five (5) vibrant colors to choose from: Silver Metallic, Xtreme Black, Red Mica Metallic and Bronze Mica Metallic. A White Pearl color option is also available for an additional P15, 000. The all-new RAV4 is now available in three (3) variants: 4x4 priced at P1, 963,000, 4x2 Full Option priced at P1, 581,000 and a 4X2 variant is also available for P1, 357,000. For more information on the all-new RAV4, log on the Toyota Motor Philippines official website; HYPERLINK “http://www.toyota.com.ph” www.toyota.com.ph or contact our Customer Assistance Center at (02) 819-2912 or call and visit Toyota Cagayan De Oro at (088) 858-7770.

Toyota...

from page 3 interior design offers a lively cockpit with the addition carbon fiber trimmings matched with structure based functionality and refined interior space. Instrument panels are strategically positioned for the convenience of its passengers. Moreover, the all-new RAV4 is now equipped with a 6.1” Audio Display System with self-illuminating VFD (Vacuum Fluorescent Display), that offers high contrast ratio and wide angle view. Its 6-speaker audio system is AM/FM/CD ready and also has a USB/AUX function for your personal music player. It is also Bluetooth capable for hands-free phone calls and music syncing. A 3-dial multi-information meter is incorporated with blue illumination lights to create a sophisticated and sporty feel. Distant journeys are much more convenient with its 60/40 split-foldable rear seats along with added storage utility and ample luggage area. For passenger safety, the all-new RAV4 is equipped with front, side and curtain airbags. Meanwhile, vehicle operation is also simplified with the adoption of the Smart Entry System. You may lock/unlock doors and start the vehicle by just carrying the key. Aside from that, parking and driving is much more convenient with the ultrasonic wave sensors that detect obstacles located around the vehicle.

from page 6

marriage? Question 4: Is it then by a matter of what is cheap to have instead of what is right to do, simply an issue of what is convenient to undergo rather than what is proper to subscribe to? Question 5: Is it all right then to intentionally commit violence, to purposely engage in infidelity or to stage an abandonment of one’s spouse in order to seek and obtain divorce? More questions: How many marriages and divorces may one have? One, three, five, eight? More?

PNB... from page 5

the Philippines. The stockholders also gave their approval for the issuance of 130 PNB shares for every Allied Bank common shares and 22.763 PNB shares for every Allied Bank preferred shares. In a report to PSE last December, PNB said its total assets based on latest audited financial statement amounted to P316.284 billion. At the end of the third quarter 2012, the bank posted a 92.5 percent year-on-year increase in net income to P3.8 billion and a return on equity of 14 percent. Total operating income rose by 32 percent to P14.1 billion boosted by increase in interest income, lower interest expense and net gains from trading and investment securities. Relatively, Allied Bank’s total assets as of September 30, 2012 reached P188.87 million while its net income at the end of the first nine months last year reached P922.14 million. (PNA)

Friday-Saturday I Jan. 25-26, 2013

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Davao banana growers say Korean group mushroom recovery will take a year production training held By CARMELITO Q. FRANCISCO Correspondent

DAVAO Cit y - - It w i l l take at least a year for the banana industr y in the Davao Region to recover f r om t y pho on Pa blo’s devastation, an industry leader said on Wednesday. Stephen A. Antig, exec ut ive d i rec tor of t he Pilipino Banana Growers a nd E x por ters Association (PBGEA), also said the continuous downpour

experienced by the region since last week has already destroyed about 400 hectares of plantations in Sto. Tomas, Davao del Norte. “Banana (plants) cannot sur vive in water for 24 hours,” said Mr. Antig, pointing out that although some growers have already started rehabilitating their farms, the process has been slow because of the cost. He said a grower needs at least P430,000 to rehabilitate a

Happy Fiesta Pagadian City

PIT SENIOR!

hectare of banana farm. Based on estimates, typhoon Pablo wiped out as many as 15,000 hectares of plantations in the region, with losses pegged at P7 billion. T he i ndu st r y ’s tot a l hectarage, based on repor t s f rom t he PBGE A and independent banana cooperatives, is roughly 70,000 hectares spread all over the Davao Region and some parts of south-central Mindanao. Davao del Norte Gov. Rodol fo P. del Ros a r io banana/PAGE 10

IN support to the project on Technology Transfer for Microbial/Organic Fertilizer and Mushroom Cultivation in Claveria, Misamis Oriental which is now being implemented by KOICA-COAID, DA-RFU 10 through the Claveria Experiment Station (DA-CES) and MOSCAT, a Training/Seminar program for mushroom technology. This will be conducted by the Korean International Cooperation Agency (KOICA)- thru the Center for Overseas Agriculture and International Development (COAID) project team and the Misamis Oriental State

Fiesta greetings from:

F.S. Pajares St., Pagadian City Republic of the Phillipines Local Civil Registry Office Province of Zamboanga del Sur City/Municipality of Tukuran

NOTICE FOR PUBLICATION In compliance with Section 7 of R.A No. 10172, a notice is hereby served to the Public that Yamani Salunoy Demabildo has filed with this Office a petition for change of Gender from Female to Male in the birth certificate of YAMANI SALUNOY DEMABILDO who was born on January 2, 1986 at Sto. Niño Tukuran, Zamboanga del Sur and whose parents are Rico D. Demabildo and Marcosa D. Salunoy. Any person adversely affected by said petition may file his/her written opposition with this Office not later than 18th of January 2013. (Sgd.) GINALYN D. ACUÑA City/Municipal Civil Registrar BWM: JAN. 18 & 25, 2013

Republic of the Phillipines Local Civil Registry Office Province of Zamboanga del Sur City/Municipality of Tukuran

NOTICE FOR PUBLICATION In compliance with Section 5 of R.A. Act No. 9048, a notice is hereby served to the public that EMALYN MAYANG TABLATE has filed with this office a petition for change of first name from ERMELENDA to EMALYN in the birth certificate ERMELENDA EMPIC MAYANG who was born on October 16,1963 at TUKURAN, ZAMBOANGA DEL SUR and whose parents are ERNESTO MAYANG and ERLINDA EMPIC. Any person adversely affected by said petition may file his/her written oppostion with this Office not later that 18th of January 2013. (Sgd.) GINALYN D. ACUÑA City/Municipal Civil Registrar BWM: JAN. 18 & 25, 2013

College of Agriculture and Technology (MOSCAT) of Claveria, Misamis Oriental through the Institute of Agriculture addressing technology dissemination and commercialization among the farmers in the province. This training on mushroom technology transfer is carried out in 4 sessions at 2 hours per session (Janu-

ary 25, February 1, 8, and 15, 2013 at 10:00 to12:00 am) which will be held at the IA eroom. Dr. Chang, Hy un-You, an expert on Mushroom Technology from Korea National College of Agriculture and Fisheries, South Korea and also the KOICA project team leader on Mushroom Technology mushroom/PAGE 10

Funds...

to ethnic non-Moro Teduray communities, which belong to the so-called indigenous peoples or IPs. Also, Mangudadatu told members of the REDPB that his office will also build a a multi-million road network that will connect Barangay Tubak to at least three barangays uphill near South Upi town, the gateway to the coastal towns of Lebak and Kalamansig, in Sultan Kudarat province. Mangudadatu suggested to the REDPD that the road project and the regional HELPS program be launched simultaneously on January 11 in Barangay Tubak. (PNA)

from page 2

dent of the locality are prioritized and shall be accepted,” Sinolinding added. ”This is a support program of President Noy to the leadership of Gov Mujiv Hataman,” he stressed. Next week, the ARMM provinces will start launching of the projects under HELPS in villages they are to be implemented. During the meeting, Mangudadatu asked the REDPB, to launch the HELPS project in his province in Barangay Tubak in Ampatuan town. Barangay Tubak is home

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12TH Judicial Region BRANCH 07 Tubod, Lanao del Norte

PETITION FOR RE-APPOINTMENT Pet. For Not. Com. No. 023-07-2013 AS NOTARY PUBLIC FOR THE PROVINCE OF LANAO DEL NORTE.

PETITION FOR APPOINTMENT Pet. for Not. Com No. 025-07-2013 AS NOTARY PUBLIC FOR THE PROVINCE OF LANAO DEL NORTE.

ATTY. FLORENDO BOLANTE OPAY. Petitioner. X - - - - - - - - - - - - - - - - - - - - - - - - - - - -/

ATTY. DOROTHEA SALIGAN-BASALO, Petitioner. X----------------------------/

NOTICE OF HEARING

NOTICE is hereby given that a summary hearing on the petition for notarial commission of Atty. Florendo Bolante Opay shall be on February 12, 2013 at 8:30 in the morning at RTC, Branch 07, Tubod, Lanao del Norte. Any person who has any cause or reason to object to the grant of the petition may file a verified written opposition thereto, received by the undersigned before the date of the summary hearing.

NOTICE is hereby given that a summary hearing on the petition for notarial commission of Atty. Nicolas J. Lim shall be on February 12, 2013 at 8:30 in the morning at RTC, Branch 07, Tubod, Lanao del Norte. Any person who has any cause or reason to object to the grant of the petition may file a verified written opposition thereto, received by the undersigned before the date of the summary hearing.

(SGD.) WENIDA B.M. PAPANDAYAN Acting Presiding Judge

BWM: JAN. 25 & FEB. 1, 2013

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Congress

JV hails placement fee for Taiwan-bound OFWs SAN Juan City Rep. JV Ejercito Estrada welcomed a move aimed at reducing by 85 percent the exorbitant placement fee being charged to Overseas Filipino Workers (OFWs) seeking jobs in Taiwan. The substantial cut in the placement fee was made possible after local job recruiters agreed to reduce the staggering P90,000 to P150,000 fee for every outbound OFW

for Taiwan to an amount equivalent to a one-month salary or P22,000. Amadeo R. Perez Jr., Chairman and Chief Executive Officer of the Manila Economic a nd Cu ltura l Office (MECO) disclosed that Taiwanese brokers have voluntarily agreed to reduce their broker’s fee. Perez clarified that the mechanism for substantial reduction in the placement

fee has to be finalized before it could be approved by the Department of Labor and Employment (DoLE). Ejercito Estrada, who is the vice chairman of the House labor and employment committee, urged MECO to fast-track the drafting of mechanics for reducing the placement fee to unburden OFWs seeking employment in Taiwan from paying too much.

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He also urged the Labor department to act with dispatch when rules governing the implementation of reduced placement fee have been approved for implementation. “I don’t see any hindrance in the move to slash the exorbitant placement fee being charged to our kababayans who opted to work in Taiwan. Since the move was initiated by private stakeholders themselves, I’m optimistic that this will be implemented soonest,” Ejercito Estrada said. “I just hope there will be similar move for OFWs who are seek ing jobs in other countries like those in the Middle East. The government, as in other sending countries, should shoulder the placement fee because OFWs are our partners in nation-building,” he stressed. At present, t here are some 90,000 Filipinos working in Taiwan, making the Philippines the third largest labor-sending country after Indonesia and Vietnam. There are around 11 million OFWs in different parts of the world who send $20 billion in remittances annually.

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Mushroom... from page 8

Transfer w ill be t he resource speaker. KOICA-COAID will provide mushroom cultivation book (160p volume), lunch (refreshments), gift (shirts with collar) and certificate to the participants with perfect attendance. The topics will deal largely on ‘How to make money through mushroom cultivation’ for Claveria community. Participants who will be invited are limited to only forty (40) which will be composed of MOSCAT faculty, students, agricultural technicians and farmers who are interested on mushroom cultivation. KOICA, the funding agency, is a government organization in Korea under the Ministry of Foreign Affairs and Trade, engaged in

Banana... from page 8

earlier said that while Compostela Valley and Davao Oriental were the most devastated by typhoon Pablo, his province, particularly the towns of Sto. Tomas, Dujali and Carmen, also sustained significant damage. Mr. del Rosario, who was once the chairman of Anflo Investment and Management Corp., mother company of banana producer Tagum Agricultural Development Corp., said for banana growers to be recover, they must be able to access funds not only from the government but from other firms as well. State-run Development Bank of the Philippines and Land Bank of the Philippines already expressed their commitment to help finance the rehabilitation of the banana industry.

international development cooperation by providing material and physical aid to reduce poverty and achieve sustainable development. The COAID, the implementing agency and a subsidiary institution of Chungbuk National University in Korea, implemented programs and projects in the developing countries like the Philippines, focusing on major program areas on rural development, environment and climate change. This project covers the implementation of the technology transfer on commercial mushroom production and organic fertilizer production in Claveria Experiment Station and MOSCAT for period of 9 months (from November 3, 2012 to August 3, 2013) and subject for extension for another one year based on the performance of the project and subject for the approval of funding support from KOICA. Aside from the banks, Mr. Antig said companies that have signed marketing contracts with the growers are also willing to help their growers finance their respective rehabilitation. Aside from the Pablo disaster, the industry faced a major problem last year, when the Chinese government implemented strict rules on the entry of Philippine bananas due to phytosanitary issues. This affected small growers whose main market is China. Both the Philippine government and the industry have been looking for new markets that will be able to absorb banana produced by small growers. The government has also been trying to help these growers comply with the new rules particularly in building packing houses that will meet the requirements imposed by importers, including China.

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LifeSTYLE by M&Co suits up in CDO

Brings Business for a Better Life

Friday-Saturday Jan. 25-26, 2013

By Shaun Alejandrae Yap Uy

hip, classy and trendy way of doing of course some of the accessories yung exclusive business will surely appeal to the sa Kamiseta, hindi namin ginagamit for M&Co. may younger generation as LifeSTYLE sarili sya. Our products are for both men and women by M&Co enters the Cagayan de consumers.” Oro market scene, paving way to give Kagay-anons a LifeSTYLE by M&Co. can help people make a better way of life. better living and generate income, Gunn says “para The company is rooted on a mission to give its sa akin important yung product, the word of mouth members a better life through product selling and is so important for me – so first we give you good multi-level networking. quality products, we’re now all over the Philippines Originally created by the because of these products, but now we really owners to give their employees encourage people to get into business. Ito lang Ako as an an alternative source of income, naman talaga ang gusto ko, my idea is yung middle , r u e n re LifeSTYLE by M&Co. is now a class natin na walang trabaho can help in the p entre brand that continues to grow and economy. Population is not a problem, if they have l this is is the fastest growing direct selling I fe e or income they can live happier. Ako as an y jobs a w ly n o company today. entrepreneur, I feel this is my only way to share to my e th LifeSTYLE by M&Co is owned by the people and the quality of the product should share to Mr. Gunn Roque III, who also owns to be able to market itself”. the d n a le p o e the internationally known brand Gunn continues by assuring the quality of the p e th f o KAMISETA. products of LifeSTYLE by M&Co. and why it is on ty li a qu ld Setting up the multi-level a class of its own, “we are the best, and that is u o h product s networking and direct selling for sure… like in Kamiseta, we are the best local approach is brought about by Gunn’s b e a b le to brand in terms of quality. I have to wear it, like lf vision of sharing to his employees and yung sa men’s wear, each and every product e s it market giving them extra income. must pass through me, so kung hindi siya papasa In an interview Gunn reveals sa akin, it won’t be out in the market, I am that “First yung Kamiseta, nung naalso confident that for our ladies wear, that create ko yung Kamiseta, I wanted to with our quality – you can’t get this product for this give my employees extra income, so tinayo ko yung price only anywhere in the country, alam ko iyon, kasi M&Co. yung M&Co. na iyon was only meant to be yung pricing ko talagang eksakto lang iyan… I also for our employees, kaso nung nag-open ang store, personally work with our great designers” sobrang dami nang naging members. Now we have Gunn enthused, “im very confident na if they sell 600 thousand members, so one time sa M&Co, the products, matutuwa talaga ang customers nila”. nandoon ako, yung mga nagrerecruit – nagsusponsor LifeSTYLE by M&Co. switches back to a more sabi sa akin ‘sir bigyan niyo naman ako nang extra direct and personalized setup in contrast to the income’ sabi ko, why not yung M&Co., sabi nila ‘sir heavy marketing and promotions of the sister brand wala akong puhunan but I can invite people’, so Kamiseta, envisioning a better life for the middle-class doon ko naisip yung proper networking, multi-level Filipino and those who want to have extra income. talaga. Smaller ang puhunan – extra income. Doon “business for a better life, honestly noong una, na nagsimula itong Lifestyle, nagstart nung February as an entrepreneur – it was never really a policy to (2012).” share, when I got into business it was really more of When one browses through the catalogue, ‘to acquire’… but as you get a little bit older, sa dami LifeSTYLE by M&Co. products show a dash of na nang taong nakakausap ko, at nagrerely sa akin, elegance, a brew of style and comfort, and an aroma sabi ko sayang eh, Filipinos are really hardworking – of class all on its own, comparable of that to the they just lack the opportunity. I really think if masipag Kamiseta line. ka, coupled with a good product line – you will be Gunn enthused “it is actually the same quality, successful. So to those who are interested to get into

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business, pero hindi nila alam paano – come in, look at it, we will teach you how. Basta masipag ka, and you want a chance, pwede, just come in to Lifestyle by M&Co.” Gunn states in parting. LifeSTYLE by M&Co. believes in hardwork and perseverance and that it will help people propel into reaching their dreams and aspirations by providing a profitable business venture that brings financial freedom to their members through their premium quality products. Visit LifeSTYLE by M&Co. at Roland Banquil Zillion Life, Lifemax Office 2nd Floor, Egmedeo Bldg., Corrales St., Cagayan De Oro 0917-7242107/088-8520125 Lailane P. Dolores JV Seriña St., Carmen Cagayan de Oro City 0917-7044542

(L-R) BWM Group of Publications CEO Dante M. Sudaria, LifeSTYLE by M&Co owner Gunn Roque III and Roland Banquil, LifeSTYLE by M&Co top earner, pose for a photo op during a meeting in Cagayan de Oro City.