mining/PAGE 10

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Market Indicators

US$1 = P41.16

FOREX PHISIX

AS of 5:58 Pm APr. 7, 2013 (Sunday)

6,727.14 pointsXX1

cents58.58points

BrieflyDahican beachDAVAO City– The Department of Tourism here is promoting the Dahican Beach in Mati City, Davao Oriental to be a must-visit summer destination in the country. According to DOT regional director Art Boncato, Dahican Beach is a stunning seven-kilometer stretch of crescent-shaped white sand coastline and towering coconut trees along the sparkling turquoise waters of Mayo Bay facing the Pacific Ocean. About a hectare of the bay is a declared marine sanctuary because of its rich marine life, and where dolphins, sea cows, and sea turtles inhabit the waters of Dahican. He said the beach is also home to the famous Amihan Boys of Dahican - a group of young homegrown skimboarders and surfers. Caritas shelterTHE city council here has approved an ordinance for the development of the Caritas Village Shelter project in Barangay Indahag, a farming village located in a higher ground southwest of here. The ordinance, approved by the city council, authorized the city mayor to enter into a memorandum of agreement w i th var ious agenc ies and stakeholders for the development of the site for calamity victims here. Ci t y Mayor V icente Emano said the project intends to provide housing assistance to some 90 families rendered homeless by Typhoon Sendong and those residing in high-risk areas.

Editorial and advertising email : businessdailymindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776

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BusinessDailyC R E D I B L E R E L I A B L E I N - D E P T H

Volume III, No. 185 April 8, 2013MondayCagayan de Oro City P15.00

Mining firms charged

Senatorial candidate JV Ejercito-Estrada vowed not to buck down against the latest tirade against his credibility. He said he has the people behind him. advertorial

JV: PCIJ report a dismal effort to undermine his high ratingsTHE Philippine Center for Investigative Journalism (PCIJ), on April 5, came up with a story entit led “Manny Villar, JV Ejercito linked to offshore accounts” to which San Juan Rep. JV Ejercito Estrada retorted as a manipulation by some quarters to discredit his good standing in several recent surveys for the May 2013 elections. JV Ejercito Estrada questions the timing of the story saying “it is highly suspicious considering the on-going electoral campaign

BACK IN OPERATIONS. Few months after the arrest and release of two Chinese nationals found illegally operating a gold extracting barge, miners are once again operating in Iponan River in Cagayan de Oro City. Aerial view taken from a Philippine Air Force helicopter last Nov. 24, 2012 shows fresh earth beside a backhoe, an indication of an ongoing operation. mindanews photo

FRONTPAGE EDITORIAL

The birth of BusinessDaily …and its metamorphosis

THEY al l started from nothing. The phrase sounds familiar as a curtain raiser of most success stories of billionaires who started

from scratch. The story of Mark Zuckerberg, one of the developers of Facebook, and Bill Gates, of Microsoft,

By BONG D. FABEAssociate Editor

THE prosecutor’s office charged t wo mining

companies for illegal mineral extraction after both allegedly fa i le d to s e c u re exploration permits from the government.

South Ocean Mining C o r p o r a t i o n (S O M C ) and the Philippine Long Sangda Mining Corporation (PLSMC) were a l legedly found to have explored for gold and other minerals when they were only allowed to extract sand and gravel in the hinterlands of Iponan River. Both companies allegedly violated Section 102 (Illegal Exploration) of the Philippine Mining Act of 1995 (Republic

eDitorial/PAGE 9

roro/PAGE 10

Caritas/PAGE 10

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BusinessDailyC R E D I B L E R E L I A B L E I N - D E P T H

2 MondAy April 8, 2013economy

Private RoRo service between Davao, Manado soon to startA PRIVATE roll-on roll-off (Ro-Ro) vessel will sail from the Philippines to neighboring Indonesia by the middle of this year, the Philippine Chamber of Commerce and Industry (PCCI) said on Friday. The upcoming Davao-Bitung route of the Super Shuttle Ro-Ro will be the Phi lippines’ f irst Ro-Ro service to a neighboring Southeast Asian country. PCCI said the Davao-Bitung Ro-Ro project was the result of the memorandum of cooperation signed by the business chambers of the cities of Davao and Manado, the capital of Indonesia’s North Sulawesi province, during the Davao Investment Forum last November. “The private sector has taken the lead in spearheading

the implementation of the project through a bilateral a r r a n g e m e nt b e t w e e n the business sector of the Philippines and Indonesia,” PCCI president Miguel B. Varela said in a statement. “[T]he init iat ive is a mi lestone in improving Asean connectivity and in expanding trade, tourism

and investments in the BIMP-EAGA area,” Varela said, referring to the Brunei Da r ussa la m-Indonesia-Malaysia-Philippines East Asean Growth Area. P C C I s a id a s t u d y conducted by the Research Education and Institutional D e v e l o p m e n t ( R E I D)

Development of Caritas shelter village mulledTHE city council here has approved an ordinance for the development of the Caritas Village Shelter project in Barangay Indahag, a farming village located in a higher ground southwest of here. The ordinance, approved b y t h e c i t y c o u n c i l , authorized the city mayor to enter into a memorandum of agreement with various agencies and stakeholders for the development of the site for calamity victims here.

Cit y Mayor Vicente Emano said the project intends to provide housing a ss i s ta nce to some 9 0 families rendered homeless by Typhoon Sendong and those residing in high-risk areas. The project covers the development, including the site preparation, road and drainage works, sewerage works, survey and lot titling, installation of power and water facilities, construction of housing units and the

provision of community facilities, Emano said. H e s a i d t h e c i t y government would provide funds to cover the costs of preparation, installation of power and lights, community faci lit ies, secure needed building permits, licenses, a nd a l l o t he r ne e d e d documents. Other agencies involved in the project were the Housing and Urban Development C o ord i n at i ng C ou nc i l

reCalls/PAGE 10

win/PAGE 10

BusinessDailyC R E D I B L E R E L I A B L E I N - D E P T H

3MondAy April 8, 2013motoring

Mitsubishi recalls Mirage GLS unitsLESS than a year after its launch, Mitsubishi Motors Philippines Corp. (MMPC) will recall more than 1,000 units of its subcompact Mirage GLS due to a brake system flaw, the Japanese carmaker said in a statement on Friday. “Mitsubishi Motors Philippines Corp. ...wi l l conduct a sa fet y reca l l of the Mitsubishi Mirage GL S mo de l s e qu ipp e d with antilock brake system (ABS) both for manual and automat ic t ransmission variants,” the statement read. “The purpose of this safety recall is to replace the front wheel speed sensors. These sensors were found to have insufficient waterproofing,” it added. Mitsubishi explained the flaw could allow penetration by water amid rain or during car-wash, causing the ABS system “not to function

correctly”. Affected units were those sold from November 2012 to March 2013, the company said.

It added that while it has not received any report of accidents due to this “problem”, it was directed by its principal, Japan-based

9th Manila International Auto Show revving towards innovation and technology.

Mitsubishi Motors Corp., to voluntarily conduct a safety recall “as its proactive commitment to quality and

Mirage, Mazda win ‘Car of the Year’THE Mitsubishi Mirage and the Mazda BT-50 4×4 pick-up truck were hailed as the Car of the Year (COTY) and Truck of the year for the year 2012 -2013. D u r i ng t he Ma n i l a International Auto Show (MIAS) Thursday evening, the Car Awards Group I n c o r p o r a t e d (C AG I )

announced that the two bested the 81 vehicles that were entered in the 19 different categories and in the Car of the Year-Philippines CAGI president Ferman Lao noted the difficulty in picking who would win the coveted title in the category, including those for the special awards.

“The 2012-2013 Car of the Year-Philippines season was a tough one,” Lao said. “It wasn’t just in terms of the sheer number of cars that had to be tested, but the continually increasing improvements, value and competitiveness each new model brought to their respective classes.”

T h e t w o v e h i c l e s received the highest scores by members of media who cover the automotive beat. The scores were given after vehicles were subjected to tests, one held in Eton Centris, and the other at the Clark Internat iona l Speedway.

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FWD SPORTS CAR – mini Coupe Cooper s

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COMPACT CROSSOVER AWD – Honda Cr-V 2.4 eX awD

MIDSIZE CROSSOVER – Hyundai santa Fe 2wD

LARGE CROSSOVER – Ford explorer FwD 2.0t LUXURY COMPACT CROSSOVER – range rover evoque

SUV – mitsubishi montero sport 3.0 V6 gls

PREMIUM SUV – Jeep grand Cherokee

COMPACT VAN and MPV – toyota avanza 1.3e

VAN and MPV – Peugeot 5008

LUXURY VAN and MPV – Honda odyssey

PICK-UP 4×2 – Ford ranger 2.2 mt

PICK-UP 4×4 – mazda Bt50 4×4 at

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4 MondAy April 8, 2013

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BusinessDailyC R E D I B L E R E L I A B L E I N - D E P T H

6 MondAy April 8, 2013opinion

Raise your standard of livingYou’ve heard of people who try to raise their standard

of living at almost any cost. They’ll go without many things to get a higher education, hoping it will later get them a higher-paying job and career. Some even move their family to another country to raise their standard of living. Still others will only let their children marry someone whose standard of living is the same or higher than theirs. Many of us spend much of our life working to raise our standard of living in terms of money and status. Then when we finally reach the standard of living we want, we still have to work hard to make sure we stay there! But there are people whose standard of living never changes, whether they have a lot of money or not. They always enjoy a high standard of living in their own character and daily lifestyle. They’re always honest, loving, and kind. They’re quick to forgive others who wrong and hurt them. They’re in control of their physical desires for pleasure, so they always have great fun in life without hurting their own bodies or other people. They enjoy real happiness and closeness every day in their marriage and with their kids. You see, the kind of person we are inside is what gives us our real standard of living, not material things or status! So what kind of character and daily lifestyle do you have? What kind of marriage and family do you have? What

Mobilizing our savingsThe recent passage of a law making life insurance more

affordable for Filipinos is a welcome development for those who wish to invest in their future. By reducing taxes on insurance premiums, Republic Act 10001 will enable more Filipinos to purchase life insurance – financially preparing them and their families in the event of unforeseen circumstances such as illness and death. This legal measure is not only seen to increase the sale of life insurance, it is also expected to play an important role in savings mobilization. Together with the recent passage of Republic Act 2505 or the Personal Equity and Retirement Account (PERA) Act, and Republic Act 9576 or the law amending the charter of the Philippine Deposit Corporation (PDIC), Republic Act 10001 helps create an environment conducive for saving. I wrote in a past column about how the PERA Act will allow Filipino workers to prepare for their retirement by having a special savings account invested by professional fund managers. Republic Act 9576, on the other hand, increased the maximum deposit insurance coverage from P250,000 to P500,000 as a preemptive response to the global financial crisis. More significantly, this has helped allay the Filipino depositors’ fears of losing their hard-earned savings and encourage them to save more in the bank. So what is savings mobilization? It is how the authorities formulate and implement policies that urge us to prioritize investment over consumption. To do this, we save our money in banks, insurance companies, or other financial institutions.These institutions serve as channels for spurring economic growth through their lending to companies and enterprises that in turn generate more employment and other economic activities.

By Cheng OrdoñezOdyssey

OFW

kind of friends? There are many people who have heaps of money and status, but they have a low standard of living, because of the low level of their own personal character. They’re dishonest, greedy, competitive, and jealous of what other people have. They gossip and use people to get what they want. They don’t have much love and forgiveness in their heart for people who wrong and hurt them. There are heaps of rich people who do not possess real love, peace, and satisfaction in their marriage and family! This is why our Maker is the only One Who can give us the power, honesty, and love we need to raise our standard of living by raising the level of our character. It’s only when we ask Jesus Christ to start changing us that we can start enjoying a truly high standard of living. So why not ask Jesus to take complete charge of your heart and way of living? It’s only then you can start climbing the ladder of REAL success and satisfaction for the rest of your life. Just Think a Minute…

By Jhan Tiafau HurstA Minute

tHinK

According to the PDIC, there is a need to raise the rate of investments to enable the Philippines to move toward a higher economic growth path. Investments, the PDIC says, require f inancing through s av i ngs gener ated f rom domestic and foreign sources. The PDIC notes, however, t hat foreign sources a re unsustainable and increase the country’s vulnerability to international capital f light. Thus, PDIC recommends that the expansion of domestic savings should be enhanced as a necessary condition to boost capital formation, mobilizing our savings and achieve sustained economic growth. Savings are commonly understood as the portion of income left after deducting all expenditures and payment of liabilities for a given period. The money left is usually set aside and kept in banks to earn interest. By investing our savings in banks, we are rewarded with “investment returns” in the form of interest. This is because our banks also invest the money we deposit in construction, housing, or business loans. Through these loans, companies and businesses would have sufficient money to fund their activities – endeavors that would have a long-term effect on the economy. Investing in a PERA account or in a life insurance would also bring about the same desired outcome: By investing one’s money in investment products, the life insurance company or the professional fund manager (in the case of PERA) would, in the long run, spur economic growth.

By Ignacio BunyeOut

sPeAKinG

Dubai’s palatable Asian disheswhew! And, there, I thought my night was fantastic and complete.

But then, the Laksa Soup was a surprise. It’s a seafood soup with coconut mi lk, shrimp, calamares, fish cake, egg, a taste of chicken powder with noodles and bean sprouts as main mantles. It was the best soup I ever tasted in Dubai.

Wok In’s kitchen is nestled at the center of the restaurant itself, and every diner can see the chopping, the mixing, the frying, the grilling – real cooking being done there; and, there was the most-awaited part – The Noodle Show – a cook, who has Chinese features, performed an over-the-top moulding of pasta. It looked easy on him but, definitely, the skill he has can’t be transferred to anyone as easy as you see him perform it. Restaurant guests moved up close to him for picture-taking. Like seeing a clown performing, children, who were with some guests, were delighted by his performance. They chuckled at the performing cook’s way of throwing the moulded f lour left and right, stretching it and dropping it over with a loud sound at the work table. I felt like I was in an amphitheatre, where the diners belong to social strata

There have always been rooms for Asian food in UAE’s sprawling geography, where almost all kinds of dishes

are scattered in pleasant dining places in its seven Emirates. But this one I walked into was, at its best, an Asian cuisine restaurant, where family and friends can escape from downtown rush-kind of food and taste palatable Asian food with culinary consciousness.

Wok In restaurant is truly a walk-up restaurant, where people from all walks of life can easily drop by, simply because it is within the heart of Deira, and once you have located Movenpick Hotel Deira, you’ll find Wok In easily situated at its ground f loor, where you can find solace in that Asian cuisine restaurant, which opened early 2011, when I was there, and shortly after Movenpick Hotel did.

Wok In restaurant coalesced at Movenpick Hotel and it reshaped the notions of Asian food in restaurants to its best.

As soon as I was seated and opened the menu, I was hooked to one appetizer like a magnet. I must admit, I’m a vulture of Japanese food -- California Maki (Wok In’s had avocado in it instead of mango), Shrimp Tempura, Tofu, and served with Wasabe.

As soon as the order came, which was commendably fast, I grabbed a pair of chopsticks and dipped a whole California Maki into the Wasabe stirred in black sauce. As if I wasn’t satisfied with Wasabe’s biting upshot, I put on more Wasabe; and some more until I felt ‘that’ prickle-tingle feeling ran up my nostril and went up my head,

ALLAN MEDIANTEManaging editor

Raise you standard of living

quiamJot/PAGE 7

By Ped QuiamjottHe tOurisM Hi-WAytrAVersinGCONDE NAST international

travel magazine which reviews popular cities in the world pooled from opinions of foreign travelers as they compare prices of hotels and resorts for value of money, food, attractions and locations in the travel industry, rated the Philippines last year in the 10th ranking among the favorable options of international travelers. Manila entered for the first time as a point of entry after Jakarta in Indonesia, Katmandu in Nepal and Calcutta in India. Manila however was not listed as a destination of preference. Surprisingly, the travelers survey instead rank Palawan as breathtaking islands in the Philippines with 40% positive reviews out of 2,141 foreigners who responded to the survey. Boracay which was awarded recently as one of the world’s best beaches destination gathers only 17 percent followed by Bohol which was described as a combination of water, land and natures interest and rank at 13 percent. Manila and its Calabarzon suburbs were described as colorful and bustling but gathered only 4 percent of the foreign tourist reviews preceded by Banue with their rice terraces which were described as historical and picturesque at 3 percent. The still untapped destinations in the Philippines are with high expectations that await full development. This could mean that the current destinations lack modern infrastructures when translated in the tourism equations indicates lack of good roads, bridges, airports and seaports plus reliable transportation. Travelers feedback are high in Cagayan de Oro that we have a new modern airport but with chaotic transition. We have the most modern f leet of taxis in the Philippines but we have also the worst and undisciplined drivers in this part of the country. There are other encouraging and up- beat tourism development in the Philippines which shows in the tourism statistics of Davao City with more domestic travelers in the convention and shoppers market as their driver for growth. According to their City executive, Mayor Sarah Duterte “ their city has a population of a little more than 1 Million which swells to 1.5 Million as the day break and return to

BusinessDailyC R E D I B L E R E L I A B L E I N - D E P T H

7MondAy April 8, 2013

Re-electionist Cagayan de Oro City Congressman Benjo A. Benaldo goes around the neighborhood at barangay Bonbon, one of the barangays in the first congressional district of the city. As the local campaign period started recently, candidates have been visiting their constituents even in some faraway places. photo by gerry lee gorit

In times of serious concern for the local economy, the importance of stability in airport services is paramount.

The sudden decision of the Civil Aviation Authority of the Philippines to close the Lumbia Airport by April 30 does not make good business sense. The Oro Chamber of Commerce and Industry has already made an appeal to the CAAP for reconsideration due to passenger safety. These are some concerns related to this ill-advised decision. First, Lumbia Airport is a major employment center that provides 300 direct and indirect employment to workers resulting in severe job losses. The Lumbia airport management could have offered re-training of new skills for the airport personnel who will be made redundant this month. Second, the new Laguindingan Airport has no air navigation systems and support facilities to guide the pilots. The lack of navigational aids such as the Instrument Landing Systems; VHF omni-directional radio range (VOR); the Distance Measuring Equipment (DME), Meteorological Observing System; Precision Approach Lighting System and the Precision Approach Path Indicator highlights the risk of air accidents. Third, there is a need to preserve passenger safety to maintain the thriving tourism industry. Visitors f lying into the city spend more for lodging, retail, entertainment, and food when compared to visitors using other modes of travel. The number of visits staying in Cagayan de Oro for vacation, business purposes, or personal visits represents 89 percent of all persons boarding the airlines. Any airline accident in Cagayan de Oro airport will result in a 50% decline in passenger volume. Fourth, the hiring of new airport personnel needs lead-time. The management of Laguindingan International Airport will have to hire operations personnel, maintenance

Airport Transitionemployees, contract service employees, security officers, firefighters, contract janitorial service employees, specialized electricians, plumbers and air conditioning mechanics. The loading bridges and baggage conveyor systems require specialized service personnel. The workers need to undergo technical and customer service training. The airport has to create a safety team that will institute full serviceability inspection and a high-speed taxiway and runway inspections. Fourth, the Airport Administration needs to give time for the airlines, car rental agencies, food and beverage facilities, gift shops, and tenants to set up their services. The airport officials need to facilitate airport transfers system through private and public vehicles from the city to the new airport. A well-planned transition for aviation services in Cagayan de Oro would ensure the essential safety and security factors that would contribute to the confidence level of business and leisure travellers alike. Passenger safety is over and above business expediency and presidential prerogative. The expected technical and personnel glitches in the airport operations in Laguindingan Airport will result in negative financial impacts such as delayed arrivals of tourists and business travellers and the phenomenon of inconvenience and tedium as airport personnel attempt to master their respective responsibilities. This is hardly the kind of airport opening one would expect of an international airport that is supposed to be an economic magnet for Mindanao.

ButtresseseCOnOMiC

By Amparo Pamela Fabe

Ordoñez...from page 6

converged there for the performance. The centrality of the kitchen catches everyone’s attention and the funicular-like throwing and dumping sound by the performing cook reminded me of Chinese ritual dances. Like the others, I enjoyed the show all throughout. It’s a good thing the main coarse, came after the show.

I picked Thai duck Curry for the main course. Grape and pineapple reduced to nil the usual ambivalent duck taste, and I know it has been pickled overnight. Shipped from Brazil, the roasted duck was tossed in coconut milk, some fennel, a taste of lime and sweet basil veiled with cherry tomatoes and mixed in red curry paste. And the Chinese fried rice mixed with prawn, carrots enlivened with mushroom spring onion perfectly suits the course.

I also got Sambal Prawn mantled with kangkong. It was the kangkong leaves that I was attracted to. Having missed home, I missed the typical green vegetable leaves we abundantly have in our country.

Sambal Prawn is not new to Filipinos. It’s a dish common to most of us and Asian countries like our neighbors, Malaysia, Indonesia, Thailand and China.

Wok In restaurant is Dubai’s pelagic pleasure, so to speak, in terms of seafood.

Wok In is the restaurant truly meant for Asian cuisine, which is almost illusory here and the f lavors were f leeting. With Wok In, Asian dishes endure and instant memories of time and home places, wherever you came from in Asia, ultimately come alive, even as you can speak as much Asian with the staff inside Wok In restaurant.

Easily the best in Asian food in Dubai -- fresh and cooked while you look!

It’s a perfect dinner spot for family, friends or couples or even for a birthday bash!

I wish I could have another night to walk up to Movenpick’s Wok In because the restaurant’s staff were incredibly nice. Definitely, there’s more than biting in Wok In. Oh, sure, I’m a carnivore but I should like to take on the crabs, as well.

At Wok In, you’re not just be sitting there waiting. You’re going to enjoy the “Noodle Show” and you’ve got to admire the food preparations too.

Wassalam.

Quiamjot...from page 6

1 Million as night falls”. Was there a paradigm shift that took place in their marketing strategies? What is the secret of Davao in its leadership and promotions? Is it the price factor or the city discipline? The people of Davao behind their tourism industry and the local officials running their governance could have more grasp and understanding of the tourism statistics that matters most to the progress of their city. Davao City has established and funded a City Tourism and Investment Board which has been working juggernaut in the marketing and promotions by attending regional and international gatherings where buyers and sellers converge. Davao City understood that the tourism revenue sources last year contributed P571.3 Billion to the 6.6 percent growth of the GDP of the economy from figures released by National Statistics Coordination Council broken down to P130.5 Billion from tourist investments or 22.9 percent and P63.9 Billion from the hotel & resorts accommodation or 11.2 percent. While entertainment and recreation accounted for P55.2 Billion or 6.8 percent. Acknowledged by our high government officials during the MICECON in Davao last March 7-9, 2013, the growth of Philippine tourism is a major source of jobs for the people in a destination. It has also attracted foreign capital as the money used for buildings and infrastructures came from foreign sources. Accordingly, at the rate we are performing the statistics and government forecast estimates that there will be 56 million domestic travelers and more than 6 million foreign tourist arrivals before the end of 2016.

Advertising and EditorialE-mail : businessdailymindanao@gmail.comContact nos. : 0917-7121424 • 0947-8935776

BusinessDailyC R E D I B L E R E L I A B L E I N - D E P T H

8 MondAy April 8, 2013agriBusiness

Local hog, poultry industryplayers seek incentivesfrom government too

By ALLAN M. MEDIANTE, Mindanao daily news

among local industry players that will benefit the country and the consumers. A s t h i s d e v e l o p e d , o f f i c i a l s o f N a t i o n a l Federation of Hog Farmers, Pork Producers Federation of the Philippines, Association of Philippine Aqua Feeds Millers, and Sorosoro Ibaba Development Cooperative, hog and poultry raisers groups, and representatives of Abono, Agham and AGAP Party-List have asked the Supreme Court to nullify the government’s decision to grant tax incentives to the Thai food company as a pioneering venture, branding it as “unlawful, whimsical and capricious.” The petitioners also asked the Supreme Court to issue a temporary restraining order to stop the BOI from granting Charoen Pokphand privi leges that include a seven-yea r i ncome t a x holiday.

LOCAL hog and poultry raisers here and nearby provinces have urged the Bureau of Industry (BOI) and the Department of Agriculture (DA) to apprise them of the incentives available to them in the light of the recent issue that Thai firm Charoen Pokphand was able to get a grant of a seven-year tax holiday as well as other perks. In a recent public hearing conducted at the House of Representatives on the reported grant of incentives to the Charoen Pokphand Inc., BOI Executive Director Lucita Reyes confirmed that the Charoen Pokphand Foods Philippines Corp., (CPFPC) does not own the parcels of lands in the provinces of Pampanga, Tarlac, Nueva Ecija and Bataan where the CPFPC project sites are located. The use of the properties is covered by lease agreements, said Reyes, who made the confirmation based on the cer t i f icat ions issued by various provincial assessors. Lawyer Elias Inciong, v ic e pre s id e nt o f t he United Broilers and Raisers A s s o c i a t ion s (U BR A), criticized the government f o r a l l o w i n g f o r e i g n investors easy access to the local markets without first establishing measures

that will enable the local industry players to meet the competition. Reyes , on t he ot her hand, explained that the Department of Trade and Industry (DTI) implements a Shared Service Facilities P r o g r a m d e s i g n e d t o support the development of micro, small and medium enterprises (MSMEs). Reyes said with a current allocation of P700 million, t he prog r a m prov ide s MSMEs farm equipment and machineries they need such as drying and cold storage facilities to improve local production capabilities and the competitiveness of the local products. S u p p o r t i n g R e y e s ’ s t atement , D r. R a mos C l a r e t e , D e a n o f t h e University of the Philippines’ School of Economics, said the entry of CPFPC into the local livestock business would promote competition

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P 18,500Package C (Taiwan)

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P 25,500

Package D (Taiwan)- 8ch H.264 DVR w/ 500GB HDD- 4 indoor dome camera, 1/3’ HR CCD 420 TVT- 4 outdoor bullet camera, 1/3’ HR CCD 420 T\T- 8x20 meters siamese cable- 8 DC 12V/1A- FREE Installation

P 43,500

Package B (China)- 8ch H.264 DVR w/ 500GB HDD- 4 indoor dome camera, 1/3’ HR CCD 600 TVL- 4 outdoor bullet camera, 1/3’ HR CCD 600 TVL- 8x20 meters siamese cable- 8 DC 12V/1A- FREE Installation

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CCTV @Promo Price

BusinessDailyC R E D I B L E R E L I A B L E I N - D E P T H

9MondAy April 8, 2013classifieDaDs

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Editorial...from page 1

goes daily! Today, Apri l 8 , 2013, marks the day BusinessWeek Mindanao has metamorphosed into a regional daily business newspaper to be known as “BusinessDaily”. The f irst of its kind among regional newspapers to accomplish such feat. From a purely week ly business newspaper, to tri-weekly, and now joining the becoming crowded dai ly newspaper industry. The Sudaria Group of Publications has definitely de f ie d a l l o dd s i n t he publishing of a successful community daily newspaper in the country. Where the “J-School ” bel ieves that community newspapers have to undergo the birth pains before it could take a root of followers and subscr ibers , t he Sudar ia newspapers obliterated proven perceptions by trailblazing a new order in newspaper publishing. Of course, the success of community newspapers depends on the patronage of the business group and the political maturity of the readers. Obviously, Publisher Dante Sudaria’s faith of the people of Cagayan de Oro in particular and the patronage of the people in Mindanao in general has finally taken off. The birth of BusinessDaily demonstrates the enthusiasm of the people of Cagayan de Oro City and Mindanao to take another step toward an intelligent, enlightened, and informed readership. The business community is even more optimistic. The Cagayan de Oro Chamber of Commerce and Industry (Oro Chamber), for one, considers this new development in a positive note. In an official statement, t he O ro C h a mb er s a id BusinessDaily will be “our key partners in the Chamber’s policy advocacy undertakings.” The road maybe rough and dreadful, but for the Sudaria Group of Publications, and all men behind it, every journey starts with a single step. And now we begin!

were awe inspiring that most people cou ld simply say unbelievable. Not w it hsta nd i ng , we are not writing a piece of another incredible success story of web programming or socia l networking site here. We are writing about the phenomenal success of BusinessWeek Mindanao as a provincial weekly newspaper. BusinessWeek Mindanao came off the press as an ambitious business newspaper whose primary objective then was survival. It is lamentable that most provincial newspapers had their beginnings aimed at an uncertain future. The parochial character of the community – both readers and business groups - is one of the reasons for the early demise of most community newspapers. BusinessWeek Mindanao was an exception. Armed with sheer guts, determination, and faith of the future, the young but visionary entrepreneur Dante Sudaria, the paper’s publisher, ventures along the dark alleys of newspaper publishing where “angels dare to tread.” In less than four years since BusinessWeek Mindanao was off the press on June 8, 2009, it gave birth to four other publications; the “Mindanao News Daily,” a daily newspaper, the “Mindanao Star,” a bi-lingual daily newspaper, the lifestyle weekly “Cagayan de Oro Times” and the monthly “BWM Business Magazine.” I n s o s hor t a t i me , there emerges the Sudaria Group of Publications, the mother company that now manages the growing weekly and daily newspapers that metamorphosed out of the then obscure BusinessWeek Mindanao newspaper. And today, BusinessWeek Minda nao accompl ished another milestone in the c o m m u n i t y n e w s p a p e r industry as it begins a new journey a notch higher. It begins to travel the rough road that “angels dare to tread.” It

BusinessDailyC R E D I B L E R E L I A B L E I N - D E P T H

10 MondAy April 8, 2013

RoRo...from page 2

Caritas...from page 2

CFFI and the ACDO shall donate a parcel of land as site for the shelter units of the resettlement project. It shall likewise undertake the construction of the houses, participate in inter-agency meetings as may be required. (PNA)

Foundation Inc noted “a t hr iv ing t rade between M i nd a n a o a nd Nor t h S u l a w e s i t h a t w o u l d significantly benefit from the project.” According to the study,

consumer safety”. The company said the recall involves 1,420 Mirage GLS vehicles and that it will post affected units’ vehicle identification numbers (VIN) on its Web site at w w w.mitsubishi-motors.com.ph. There, customers may enter their VIN to check if their units are covered by the recall. The replacement procedure itself is estimated to take an hour and is free of charge. Af fec ted ow ners may c ont a c t t he M it subi s h i Customer Care Center at (+632) 658-0673 Monday to Friday, 7 a.m.-4 p.m. to schedule repair of their cars in any authorized Mitsubishi Service Center.

Recalls...from page 3

Win...from page 3

award to Subaru XV; Standard Insurance award to Chevrolet Trailblazer to Caltex with Techron Green Award to Toyota Prius C andRCBC saving and autoloans best value for money awards to Kia Rio 1.2 LX. The Car Awards Group, Inc, an organization composed of motor i ng jou r na l i s t s from the country’s premiere print, broadcast and online publications , and is supported by media partners Philippine Daily Inquirer, The Philippine Star, BusinessWorld, The Manila Bulletin, The Daily Tribune, BusinessMirror, The Manila Times, Malaya Business Insight, Sunshine Telev ision, AutoRev iew, StoplightTV, AutoIndustriya.com, Kotse.com, InterAksyon.com, Top Gear Philippines, AQ Magazine, Speed Magazine, Manila Standard Today, Jam 88.3, C! Magazine, Wave 89.1, Gadgets Magazine, Motioncars.com, Motorcycle Maga zine , World News , Sprocket.ph and PowerWheels Magazine.

( H U D C C ) , N a t i o n a l Housing Authority (NHA), Deparment of Social Welfare and Development (DSWD), Department of Public Works and Highways (DPWH), Depar tment of Natura l Resources (DENR), the Catholic Bishops Conference of the Philippines-Caritas Filipinas Foundation Inc. (CB CP- CF F I) a nd t he Archdiocese of Cagayan de Oro. Under the memorandum of agreement, the CBCP-

transport costs via Ro-Ro would be 5-10 percent cheaper than shipping commercial goods t hrough wooden vessels. Transportation time would also be reduced to 36 hours from 2-3 days. Latest data showed that North Sulawesi imported $147.932-million worth of capital and consumption goods as well as raw materials from the Philippines in 2010. In turn, North Sulawesi exported $6.845-mil lion wor t h of commodit ies , including coconut charcoal, copra, crude coconut oil, crude palm oil, desiccated

coconut and frozen fish, to the Philippines in the same year. PCCI said Trade Secretary Gregory L. Domingo has “welcomed the initiative and assured [PCCI] of the government’s full support.” “Definitely we want to pursue a more strategic economic relationship with Indonesia. Davao City is a good location for becoming the transshipment hub in Asia,” ,” Domingo was quoted by PCCI as saying.

In behalf of the group, Lao congratulated Mitsubishi Motors Philippines Corp. And Berjaya Auto Philippines Inc. for receiving the titles and for the 19 other winners under different categories, saying that those are the best cars that one can buy right now. MMPC recently celebrated its 50 years in the Philippines while Malaysian-run Berjaya Auto Philippines just acquired Mazda dealership. CAGI also awarded the basic subcompact car to Mirage GLS MT; subcompact car to Hyundai Accent hatch CRDi; compact car to Ford Focus Titanium (sedan); midsize Car to Toyota Camry; Premium Midsize car to Volvo S60 D3; RWD Sports Car to Hyundai Genesis 2.0T with Brembo tires; FWD sports car to Mini Coupe Cooper S; compact Crossover 2WD to Mazda CX5; compact Crossover 4wd to Honda CRV 2.4 EX AWD; Midsize Crossover to Hyundai Santa Fe 2WD; large Crossover to Ford Explorer FWD 2.0T; luxury compact Crossover to Range Rover Evoque; SUV to Mitsubishi Montero Sport 3.0 V6 GLS; Premium SUV to Jeep Grand Cherokee; Compact Van and MPV to Toyota Avanza 1.3E; Van and MPV to Peugeot 5008; luxury Van and MPV to Honda Odyssey and Pick-up 4×2 Ford Ranger 2.2 MT. Furthermore, CAGI handed over special awards such as Clark international Speedway motorsports award to Hyundai Asia Resources Inc.; Speedlab Tuners awards to Toyota 86; Bosche technical advancement award on the Foton Thunder; AAP road safety award to Ford Focus with Active city stop; Eton Centris urban warrior

Advertising and EditorialE-mail : businessdailymindanao@gmail.com

Contact nos. : 0917-7121424 • 0947-8935776

Mining...from page 1Act 7942). Under Section 102 of R.A. 7942, “any person undertaking exploration work without the necessary exploration permit shall upon conviction be penalized by a fine of not exceeding fifty thousand pesos (P50,000.00).” Those included in the charge sheets were Peter Sy, SOMC president, and the company directors Dennis Chua, Delfin Milan, Minghui Yan, and Ping Shang. PLSMC directors Johnry Loreja, Lucille Sy, Yuan Xue Song, Huang Ying Xiang, Janette Go Sy, Roberto Buniales, Marilou Alquizar, and Ivy Edong were also charged. Assoc iate Prosecutor Ansharey Lalia’s resolution came months after the Mines and Geosciences Bureau of the Department of Environment and Natural Resources in Northern Mindanao (MGB-DENR-10) filed complaints against the SOMC and PLSMC and their officials for mineral theft, illegal exploration, and disobedience to persons in authority. In her resolution, Lalia said that the presence of

PCIJ...from page 1of which I am one of the leading contenders among t h e U N A s e n a t o r i a l candidates.” “It makes me recall the sad memories of 2001 when I was accused of owning a house inside the posh Forbes Park, which actually was owned by relatives of the Sultan of Brunei, and false accusations of other supposed business assets that did not belong to me,” the young Ejercito-Estrada said. He said he has held high respect to the PCIJ as an institution. “[But] I hope that you will not allow yourself to fall into the manipulative efforts of desperate people involved in dirty politics.” JV Ejercito stood firm saying that he has truthfully and accurately declared all his assets, liabilities, and net worth in his Statement of Assets, Liabilities and Networth (SALN) since 2001 when he became Mayor of San Juan and up to the present as a member of the House of Representatives. JV Ejercito is an awardee of t he prest ig ious TEN OUTSTANDING YOUNG M E N ( TOY M) of t he Philippines.

the magnetic separator and sluice box is enough evidence that exploration was indeed undertaken by the mining companies. However, Lalia was later prompted to dropped the charges of mineral theft and disobedience to persons in authority because of lack of evidence. In August 2012, the Mines and Geosciences Bureau (MGB) found out they were actually mining for gold and other minerals after confiscating a magnetic separator for iron recovery and a sluice box for gold recovery during an inspection in the riverside parts of barangays San Simon and Canitoan. The MGB-10 f i led the complaints against SOMC and PLSMC in November 2012. “We will rely on the wisdom of our prosecutor,” MGB-10 OIC Director RexMonsanto said. Mining, especially illegal hydraul ic mining in the hinterland barangays of the city, has been blamed for exacerbating the devastation wreaked by Tropical Storm Washi (Sendong) in the city on December 16, 2011.

BusinessDailyC R E D I B L E R E L I A B L E I N - D E P T H

11MondAy April 8, 2013BillBoarD

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CROSSWORD puzzle

UNITED Nationalist Alliance (UNA) San Juan City Representative JV Ejercito Estrada welcomed the endorsement of Ilocos Norte Governor Imee Marcos and her brother, Senator Bongbong Marcos of his candidacy.

On Thursday, April 4, the Marcoses released a statement declaring support for Ejercito Estrada's senatorial bid and asking their allies in Ilocos region to support him in the May elections.

The leading UNA senatorial candidate said he is

grateful for the trust given to him by Governor Imee and Senator Bongbong who are like a sister and a brother to him and their allies in Ilocos region.

"Salamat sa aking mga kapatid na si Governor Imee at Senator Bongbong. Malaking tulong ang kanilang suporta upang mapalakas ang ating boto sa buong Ilocandia," said Ejercito Estrada.

The San Juan solon vowed to help Sen. Bongbong and become one of the voices of the Ilocanos if he gets elected in the Senate.

JV grateful for Marcoses’ support for his senatorial bid

ADVERTORIAL

Today’s HOROSCOPEAQUARIUS (January 20 – February 18) - Today your spiritual and career goals may come together, Aquarius, enabling you to make a living without compromising your ideals. New opportunities may come your way to make new friends with people who share your beliefs and interests. You might reflect nostalgically on the past and yet look to the future with great optimism. Good luck!

pISCES (February 19 – March 20) - Pisces, you’re looking forward to making a new start. Your intellect is working in harmony with your intuition. Your mind is clearer and more focused than it was, and you’re thinking of expanding your horizons and creating new career opportunities for yourself. You’re feeling passionate about life, ready to face just about anything. The only challenge right now is to stay grounded in reality.

ARIES (March 21- April 19) - The position of the planets could have you doing a lot of soul searching, Aries. You’re looking deep within to discern your true goals. You might be pleasantly surprised by what you find. Increased communication and deeper understanding enhance your relationships. Many of your aims are likely to be spiritual in nature. Write them down.

TAURUS (April 20 – May 20) - Today you might take time out from all the recent excitement to take a good look at your working life, Taurus. Is it satisfying? Is it contributing not only to your own well-being but also to that of the planet? You’re likely to decide to change your profession in some way, either through augmenting the job you have or taking on an entirely new one.

LIbRA (September 23 – October 22) - If communication has been difficult for you in the past, Libra, today you may find things a bit different. You may have a deeper understanding of the motives of others, making it easier for you to deal with them. Your intuitive abilities are operating at a high level, so you’re likely to form new bonds based on what you sense about others. Celebrate tonight! You need the lift.

SCORpIO (October 23 – November 21) - Inside information may come your way today that starts you thinking about improving your financial standing, Scorpio. You might hear of career and investment opportunities that you’ve never considered before. You’re an adventurous soul. You might consider jobs that would have your grandmother reeling! The coming months show promise for you. Good fortune lies over the horizon. Go for it!

SAgITTARIUS (November 22 – December 21) - You could meet new friends at a social gathering, Sagittarius. You might learn of new and different investment opportunities that reflect the changing times, and these could capture your imagination. Your understanding of others runs deep, so relations should be congenial. You’re in the right mood to make the necessary decisions unhesitatingly.

CApRICORN (December 22 – January 19) - You’re by nature a person who likes to look toward the future. Today is a very special day for you. You might wonder what the next few months hold, Capricorn. You’re trying to answer this question by looking within and coming up with insights about you and your goals that you’ve been too busy to see before. These will work for you and guide you in the right direction.

gEMINI (May 21 – June 21) - Increased communication between you and those around you, particularly the partner in your life, brings a new understanding between you. Your head and heart seem to be in better accord, so you’re feeling especially optimistic right now. This optimism isn’t just related to career and financial matters but to private matters, especially your romantic life, too.

CANCER (June 22 – July 22) - Plans to work at home at least part of the time might be firming up for you, Cancer. Your mind is very much on home and family right now, so you might be thinking in terms of leaving the rat race of the city and creating your own office. Success is highly indicated, so it’s well worth going for. If you start planning today, you might have it worked out soon.

LEO (July 23 – August 22) - Information about possible careers and investments might come to your attention today, Leo. You may give a lot of thought to these matters, especially since your thinking is changing along with the times. This is a good day to explore new avenues your life could take over the next six months, and make final decisions, if appropriate. Give this some thought before you act on your plans.

VIRgO (August 23 – September 22) - Virgo, you’re likely to be giving a lot of thought to your future. You’re probably wondering how best to increase your financial standing. You may be thinking in terms of making some investments in land or property. If you’ve been considering buying a home, this is a good time to do it. Any paperwork involved now should be finalized swiftly and smoothly.

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Galaxy Ch@t DealsTHE time has finally come for high-caliber phones to be available at extremely affordable prices to mobile phone fanatics, and Sun Cellular’s new postpaid offers will surely make you go “CRAZY!” Introducing, the Samsung Galaxy Ch@t deals for as low as P350 per month.

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Support girls’ empowerment through School MealsGroupon in Southeast Asia (Malaysia, Indonesia, Thailand, Singapore and Philippines) and the United Nations World Food Programme (WFP) join hands in fighting hunger and

empowering girls through school meals programmes

BANGKOK, Thailand – Groupon, the global pioneer and leader in social e-commerce, and the United Nations World Food Programme (WFP), the world’s largest humanitarian agency fighting hunger worldwide, are launching a daily deal across Southeast Asia to support the empowerment of girls in Asia through school meals programmes.

From 25 March until 5 April 2013, Groupon will call on the general public to help provide a child with WFP school meals for four weeks and with a monthly ration

to take home. 100 percent of donations go directly to WFP’s School Meals Programmes, implemented in 14 countries in Asia, including five countries in Southeast Asia.

Poverty and tradition often exclude girls from education; more than 36 million primary school-aged girls around the world don’t attend school. Combating hunger among children helps to improve school performance, close the gender gap in schools and

empower girls by increasing their chances to have a brighter future.

One nutritious meal a day promotes regular attendance, as a poor family needs to provide one less meal per day for their children, and also offsets the cost of education. WFP seeks to increase the percentage of girls going to school through targeted interventions, such as take-home rations, which are given to girls in return for regular

school attendance and which benefit the entire family.

“We appreciate Groupon’s continuing commitment to fighting hunger in Asia, which fortunately includes the Philippines,” said Asaka Nyangara, WFP Philippines Deputy Country Director. “In WFP’s work in disaster- and conflict-affected communities in the country, we have found that a school meal has been a good way to encourage parents to send their children back to school. Together with take-home rations, these meals can indeed be a powerful investment in these children’s futures.”

DOWN

1. The, Alwings rings Twicefilm (7) 2. Unoriginal (5) 3. Garden flower (5) 4. italian composer of The Four Seasons (7) 5. Spectacles (7) 6. Couple (7) 12. Self-esteem (3) 15. Aviation Company (7) 16. robert, US actor/director (7) 17. Crease (7) 19. Snow-blade (3) 20. remove (7) 22. Consecrate (5) 23. Antic (5)

ACROSS

1. obsessive fear (6) 5. portal (4) 7. Shed (5) 8. Shortly (4) 9. nautical hail (4) 10. lee, TV comedian (5) 11. Glenn, bandleader (6) 13. Mart (4) 14. Slender (6) 18. published (6) 21. Crossword pattern (4) 22. Arm muscle (6) 24. Conclusive (5) 25. Floor-covering (4) 26. Beautiful fairy (4) 27. Governs (5) 28. Honey-based drink (4) 29. nervous pressure (6)

XU director leads UNESCO-ITIWorld Theatre Day at SM City

BusinessDailyC R E D I B L E R E L I A B L E I N - D E P T H

12 MondAy April 8, 2013arts&culture

Story and Photos by ROsELyn P. PAgLInAwAn, ContributorHobart P Savior (center), director of Xavier Center for Culture and the Arts and director of The World Theatre Day Celebration, in Cagayan de Oro with the XU Glee Club.

Kagay-an Performing Arts of MUST

Z estful and enchanting presentations brought everyone’s attention in accord as the performers took center stage with

their engaging moves at Atrium, SM City Mall, Cagayan de Oro, March 27.

Mindanaoan artistic director, Hobart P. Savior stuns the audience with his dedication in making everything fall into place as he oversees the whole event meticulously with wit and passion.

Mr. Savior is a director at Xavier University- Ateneo de Cagayan not only for theater and film but also in other media art production. He teaches in the English department of the College of Arts and Social Sciences at Mindanao State University - Iligan Institute of Technology (MSU-IIT), where he also completed his Master of English Language Studies as a cum laude.

Through Savior’s resilience, skills

and talents in directing, managing and acting in the theater company, on 1995 he joined the Integrated Performing Arts Guild (IPAG) for chorus roles in the first enactment of Datu Matu, and became the lead role for the musicale presented to celebrate the Cultural Center of the Philippines (CCP), Outreach's silver year.

In addition, Savior’s performed for the Singapore Initiation International Festival and acted in the independent film “All Things New”. In 2006 he accepted the position as the IPAG associate artistic director after years of involvement in the community and school theatre as an actor, director and animator.

His theat re t r ibutes compr ise di rect ing, “Ang Dalagang Bukid”, “Dalawang Komedya”, “New Yorker sa Tambacan”, and lead the Red Lambago Ar ts Collect ive in Cagayan de Oro and others.

Had a Blast with Artists’ Stage Performance

Head Over Heels! Audiences’ laughed, cheers and applause as the performers from the IPAG, resident theater company of the MSU-IIT rock the stage with the performers from different colleges and Universities splendid talents, rich performance and enticing costume.

Among them are the Improvisation of Dulaang Atenista, Coral Performance of Xavier University Glee Club, Suddenly it’s Magic of Rocelle Ubay Ubay and Alfie Barba, Music Performance of Xavier Philharmonia, Ballet Performance of Jassy San Juan, Monologue-Serapio of Rosell Velez, Cosplay of Emmanuel Mulawan, Cultural Dance of the Xavier University Cultural Dance Group, Bukidnon Dances of Kagay-an Performing Arts, Broad Medley of Ritchie Asibal, OPM Hits of Various Artists, and the (Earth, Wind, Fire and Water) of IPAG.