businessweek mindanao ( nov 19-20, 2012)

Market Indicators

US$1 = P41.33 5,423.77 points

XX

FOREX PHISIX

AS of 5:58 Pm Nov. 16, 2012 (friday)

7 cents

8.89points

BrieflyTax take up 25%A TOTAL revenue of P1.96 billion was collected by the Bureau of Internal Revenue, Revenue Region 16 (BIR-RR16), in Northern Mindanao, during the second quarter of 2012. This amount is higher by P388.47 million or 25 percent compared to P1.58 billion during the same period in 2011, said Regional Director Atty. Alberto S. Olasiman. Income ta xes , wh i ch amounted to P1.34 bi l l ion contributed the biggest share of 68.4 percent in the total regional collections (TRC), followed by Value Added Taxes (VAT) with P399.61 million or 20.3 percent.

Sitio energizedSURIGAO del Norte -- Around 30 households in Sitio Songkoy, Gigaquit will be able to enjoy the comfort brought about by electrification after a ceremonial switch-on was done yesterday, Nov. 7, at the Barangay Gym in Mahanub, this province. The energization of the said barangay was part of the Sitio Enegization Program being implemented under President Aquino through the National Electrification Administration, aimed to bring electricity to the remaining 33,000 sitios in the country especially in Mindanao. The activity was made pos-sible through the partnership of Surigao del Norte Electric Cooperative Inc. led by Engr. Danny Z. Escalante and the provincial government of Su-rigao del Norte through the leadership of Governor Sol F. Matugas.

Paperless officeDAVAO City -- The Bureau of Customs (BOC) in Davao introduced its computerization program to do away with the manual processing of permits and clearances accompanying imports and exports in efforts to get rid of branding the bureau as the most-corrupt govern-ment agency. BOC-Davao district collector Martiniano Bangcoy said that the BOC central office has al-ready started the project, called the National Single Window (NSW), which is targeted to link to the Asean Single Window. “We are happy that this project is gaining headway and that we are very supportive of this because this helps a lot in fighting corruption in the bureau,” Bangcoy said.

P15.00Issue No. 128, Volume III • November 19-20, 2012Monday-TuesdayCagayan de Oro City

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water is Cdo’s ‘saving grace’

By BONG FABE, Correspondent

(First of two installments)

IN A world of sea-level rise brought about by melting ice caps and climate change, water—which caused the massive flood-ing that devastated this trading, industrial and educational

hub of Northern Mindanao on December 16, 2011—may also be its saving grace. As this city will commemorate the first anniversary of Tropical Storm Washi (Sendong)—which dumped 250 to 400 mm over a 24-hour period (December 16 and 17,

2011) of rain that caused massive f looding that swept hundreds of homes to sea and killed thousands, it is ironic that the culprit

SAILBOATS. Fishermen in Digos, Davao del Sur prepare for a fishing expedition using locally-made wooden sailboats. photo by ben arche

Villar, Ramiro workout plans for Subanen

Gov. Ramiro Villar

By PJ TREMEDAL of Mindanao Star Balita

OROQU I ETA Cit y -- Gracing the Pasungko S’g MisOcc Festival, Mrs. Cyn-thia Villar did not only send her message of concern to the festival but a message of hope for the Misamis-nons celebrating the 83rd charter Anniversary of the province. Prior to the celebration of the Festival of all Festival of Misamis Occidental on

Nov. 10 dubbed as Pasungko S’g MisOcc, the acknowl-edging of the blessings from the “Magbabaya” of the lumads here, Mrs. Vil-lar was also enthroned as “Bae Pinyalan” during the 64th Charter Anniversary of Ozamiz City. Mrs. Villar, chairman of the Villar Foundation and is eyeing a senatorial seat in

Normin lawmakers, RDC tackle power problems

THE Advisory Committee of the Regional Development Council (RDC) in Northern Mindanao and the Congres-sional Representatives of the region met at the House of Representatives in Quezon City on November 12, 2012 to tackle the Mindanao power situation.

Undersecretary Josefina Patricia Asirit of the Depart-ment of Energy (DOE) graced the meeting and apprised the body on the power situation in Mindanao. Mindanao has an installed capacity of 2,022 megawatts (MW) but its dependable

Peace deal seen boosting export of M’nao products

THE export sector in Mind-anao is expected to expand by 25 percent in the near term once the landmark peace ac-cord with the Muslim rebels is implemented, the Philip-

pine Exporters Confederation (Philexport) said. With the threats of vio-lence posed by members of the Moro Islamic Liberation

waTer/PAGE 9

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Innovation key to Davao’s information technology developmentDAVAO City -- An official from the Depart-ment of Science of Technology has urged the Davao ICT (Information Communication Technology) sector to sustain their focus on innovation citing tremendous potentials of the city.

to reach $300-billion. The creative industry has also reached $1.8 trillion. Melchor said that a bigger share in the world market would ultimately benefit Davao City which is cited as the country’s Next Wave City of the future for an ICT investment site. “Davao City has tremen-dous innovation potentials, perhaps one of the reasons why IBM has put up an in-novation center in the city.”

Deputy Executive Direc-tor of the DOST-ICT Office (ICTO) Bud Melchor said that innovation is the key in getting a greater market share in IT and Business Process Outsourcing Markets.

He said that in 2010 global spending in IT BPO for en-gineering innovation has reached about S1.10 trillion, while the market for in-novation in the healthcare BPO industry is projected

Though factors for mea-suring innovation is not yet in place, there are signs of innovation in the city one of which is the recent ON3 online pitching competi-tions in country, where two of the finalists came from Davao. Pitching competition involves the presentation of startup concepts, ideas, ap-plications and technologies to venture capitalists. Melchor said that the world is finding out that

Filipinos are super talented and very innovative people. He said that the first one to find out the inherent qualities of Filipinos were American soldiers coming here for training, who found out that despite lacking in resources Filipino soldiers were very resourceful. Currently, the Filipinos’ creativity has extended to the ICT/BPO industry where there is an ongoing bull market for IT professionals.

However instead of luring Filipino IT professionals out of the country they could be tapped to help promote the country as an ideal in-vestment destination for outsourcing industries par-ticularly involving innova-tion. Melchor cited Davao City as among the most innova-tive cities foremost among which is the focus of its ICT sector in promoting innova-

Bukidnon vice gov vows to finish AusAid road projectBUKINON, -- Vice Gover-nor Jose Maria Zubiri, Jr. on Friday vowed to finish the Australian-assisted P19-million road project that the contractor left midway last February due to alleged extortion of the New People’s Army (NPA) rebels in the area. The vice governor said it was him who originally signed the contract for the road rehabilitation project for the Kibawe-Natulongan road network, when he was still the governor, and that

the project should be finished citing that a good road for the said area could benefit a huge population of at least 15,000 villagers in seven barangays in Kibawe, Bukidnon. Clarissa Rendon, pro-vincial coordinator of the Provincial Roads Manage-ment Facility (PRMF) for Bukidnon, said PRMF is a road rehabilitation pro-gram funded by Australian Agency for International Development(AusAID). It is a US0-million program running over five years since

September 2009. Bukidnon is one of the five provinces in Mindanao where PMRF is present. The others are Agusan del Sur, Misamis Occidental, Misamis Oriental and Surigao del Norte. PRMF is also present in two provinces in Visayas (Bohol and Guimaras). Rendon informed Zubiri and the provincial board that there was an allegation on extortion by NPA rebels and the contractor asked for suspension for security

NEDA-Davao synchronizes 5-year devt planTAGUM City -- The National Economic and Development Authority (NEDA XI) is con-ducting the Davao Regional Development Plan for 2011 to 2016 in 10 strategic areas for development in the region. This was bared by Pro-

vincial Development Council (PDC) Secretary Josie Jean R. Rabanoz during consultations held recently at the Provin-cial Government Center in Mankilam, this city. “The conduct of the consul-tations with the local govern-

ment units and the national government agencies will ensure that the national gov-ernment’s plans are aligned and synchronized with the LGU’s thrusts,” she said. NEDA XI OIC Assistant Regional Director Miguel Her-rera III said the target societal and sectoral outcomes of the Davao Region were approved by the Regional Development Council last March 2012. He said in the area of Mac-roeconomic Management, they are eyeing sustained high economic growth levels with an increase in the Gross Regional Domestic Product (GRDP) from the 6.8 percent level in 2010 to 7 percent by 2014. Herrera said this can be achieved through increased investments in the priority industry clusters, including Agriculture, Fishery and For-estry (AFF), from a growth rate of 1.2 percent in 2010 to 2.2 percent in 2014, Industry and Services from 5.6 percent in 2010 to 7.2 percent in 2014. It also sees an increase in family incomes and a reduc-tion in poverty incidence from 30.6 percent in 2009 to 24.0 percent by 2014. Herrera said the other stra-tegic areas that will ensure the Davao Region’s growth during this period include: Modern and Competitive Agriculture, Competitive Industry and Services Sector, Strategic and Sustainable Infrastructure, Science, Technology and In-novation, Good Governance, Human Resources Develop-ment, Peace and Development, Sustainable Environment and Natural Resources and So-cial Protection for Inclusive Growth. (PNA)

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Economy

3Monday - Tuesday I Nov. 19-20, 2012BusinessWeek www.businessweekmindanao.com

YOUR LOCAL ONLINE BUSINESS PAPERMINDANAO Motoring

Isuzu: Go for brand new

ISuzu D-MAx

ALTHOUGH used trucks could be had at a much lower price, its main draw-back is the fact that it has questionable quality. “Whether the dealer has worked the vehicle to make it attractive for a test drive, the would-be buyer is still uninformed about its repair history, its reli-ability, emissions and fuel economy. When the buyer disregard these issues, they wil l end up with much bigger problems,” warned Isuzu Philippines Corp. SVP Arthur Balmadrid. Balmadrid urged buyers to look beyond the price. “Imported used trucks do not come w it h any serv ice history, and so their condition is ascer-tained only through visual inspection and specula-tion. To make things much worse, most of these ve-hicles are not accompanied by any warranty, putting the buyer at risk,” said Balmadrid. Stat ist ics show t hat trucks involved in major accidents are mostly un-maintained/dilapidated used trucks. Ba lmadrid repor ted t hat when it comes to brand-new truck, the mar-ket still trusts an Isuzu: “Somehow, IPC trucks have established a repu-

tation for being reliable, durable and fuel-efficient. Proof of this is that they are among the most popu-lar brand-new trucks in the local market, with the highly regarded Isuzu N-Series leading its category for the past 13 years.” IPC president Ryoji Yamazaki added that Fili-pinos have loved and have put their trust on Isuzu trucks for decades, as the trusted Japanese brand has been present in the Philip-pines since the 1950s. “The Isuzu brand has become synonymous to trucks and diesel power. Wherever there are long drives and hard-to-reach places, there will surely be an Isuzu reliably rolling by,” Yamazaki assured. “Generally, new trucks

have a useful lifetime of more than 10 years while imported second-hand ones may last only for three years. Plus, af ter a decade of reliable ser-vice, our trucks that were bought new can be resold at a much higher price.” Balmadrid added that their truck’s maintenance schedules are followed and guaranteed by IPC’s highly trained technicians who strictly follow the manu-facturer’s specifications. A br a nd-ne w N K R light duty-truck priced at P855,000 still has a current resale value of P650,000 after five years. Compared this to imported second-hand trucks that will only have a value of less than P100,000 after just a few years of service.

Corporate.World4 Monday - Tuesday I Nov. 19-20, 2012 BusinessWeek www.businessweekmindanao.com


Phoenix borrows P2.5B for network expansionOIL RETAILER Phoenix Petroleum Philip-pines, Inc. has issued P2.5 billion worth of five-year corporate notes to help finance expansion of the company’s station network and refinance debt, the company said in a disclosure on Thursday.

“Phoenix Petroleum in-tends to use the proceeds to expand its retail station net-work and refinance short-term debt,” the statement read. The sa me statement quoted Phoenix Petroleum President Dennis A. Uy as describing the issue as the company’s “biggest to date.” Phoenix Petroleum -- engaged in trading refined petroleum products and lu-bricants, as well as operations of oil depots and storage facilities -- has a nationwide network of 278 retail stations, the statement said.

The company said it signed the debt agreement last Nov. 8 at the Makati Shangri-La with a group of institutional lenders com-posed of China Banking Corp.; Chinabank Savings, Inc.; Philippine Business Bank; PentaCapital Invest-ment Corp.; Robinsons Bank-ing Corp.; Pioneer Life, Inc.

and the BSP Provident Fund, as well as China Banking Corporation Trust Group and BDO Private Bank, Inc.-Wealth Advisory and Trust Group as trustees. The statement identified PentaCapital Investment Corp. as issue manager and together with China Banking Corp. as joint lead arranger.

PAL Holdings trims lossesTHE PARENT of f lag car-rier Phi l ippine Airl ines (PAL), PAL Holdings, Inc., narrowed its losses in the second quarter of its fiscal year, propelled by higher passenger volume and low-er expenses, the company said in a disclosure. The company posted a P609.17-million loss in the second quarter of its fiscal year that runs from April 1 to March 31, 63.95% less than the P1.69-billion loss last year. Revenues gained 0.67% to P18.07 bi l l ion f rom P17.95 billion on increased passenger revenues. E x p e n s e s d r o p p e d 4.89% to P18.68 bi l l ion

from P19.64 billion as cost of f light operations fell. Second-quarter results sent first-half (April-Sep-tember) losses to P124.12 million, down 94.2% from P2.14 billion in the same period last year. First-half revenues went up 2.58% to P38.86 billion from P37.59 billion. “The increase in rev-enues was primarily due to higher passenger and other revenues earned during the period,” the company said. In the same comparative six-month periods, expenses declined 1.91% to P38.98 billion from P39.74 billion. “This was pr imari ly

due to lower expenses re-lated to f lying operations, reservation and sales and other expenses, offset by increases in maintenance, passenger service and gen-era l and administrative expense,” t he company said. The company, whose route network that covers 31 foreign cit ies and 29 domestic points, also said it ended the period with 59 aircraft in its f leet. PAL is managed by San Miguel Corp. after it ac-quired in April a 49% stake each in the a irl ine and its low-cost sister carrier Airphil Express for a total of $500 million.

MyPhone backs Miss Earth’s ‘Beautiful Cause’THERE’S nothing more beautiful than coming together for a specia l cause—this was what rep-resentatives of MyPhone and Miss Earth have to say about their newly-sealed partnership, as contracts were signed at the Carousel Productions, Inc. on Nov. 12, 2012. MyPhone, the country’s first and leading dual SIM phone brand’s affinity with the Miss Earth is a sign of its support for the envi-ronmental causes which

the pageant advocates. “We are proud to be a partner of the Miss Earth which promotes ‘beauty for a cause’, not only to the Phil-ippines where it originated, but also to the world,” ex-plains Richie de Quina, VP for Marketing and Business Development of the MyPhone brand. The Miss Earth beauty pageant was lunched by Car-ousel Productions, Inc. in Manila in 2001. Now on its twelfth year, it continues to be the most prestigious and

relevant beauty pageant in the world that pushes for the promotion and protection of Mother Earth. MyPhone has been an active supporter of the Miss Philippines-Earth since the early years of the pageant, and according to MyPhone’s president Jaime Alcantara, supporting the pageant’s international counterpart is a much welcomed step-up. Each year, MISS EARTH brings together some 80 to 90 gorgeous environment ambassadress from all over

the globe to compete for the prestigious crown. As one of the pageant’s partners, MyPhone will be awarding prizes, as well as a special Miss MyPhone award on pre-pageant activities of the candidates. Miss Lorraine Schuck, Executive Vice President of Carousel Productions (the organizers of the en-vironment-driven beauty contest) expressed her gratitude for MyPhone’s

myPhone/PAGE 9

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IMF chief Christine Lagarde visited the country yesterday and hailed the Philippines for its efforts in improving the economy despite the global financial crisis. Lagarde also said crisi-stricken Europe and the uS policy makers can “learn” from their Asian counterparts, who maneuvered their way out of a financial turmoil in 1997.

IMF chief lauds PHL for economic policy

INTERNATIONAL Mon-etary Fund (IMF) chief Christine Lagarde lauded the Philippine government on Friday for its efforts in im-proving the economy despite the global financial crisis. “I congratulate the Fili-pino authorities for their excellent economic steward-ship during difficult times,” said Lagarde, the first female to head the IMF, in a press conference in Malacanang. She noted that the Philip-pines is the only country that the IMF raised its growth

forecast for this year. “This year, at a very dif-ficult time because of the financial crisis in other parts of the world, the Philippines is probably the only country we have increased the growth forecast as opposed to other places in the world where we actually decreased our forecast,” she stressed. In its October World Economic Outlook (WEO), the IMF increased its 2012 growth projection for the Philippines to 4.8 percent from an earlier forecast of

4.2 percent in April. For 2013, IMF’s growth forecast for the country was also upgraded from 4.7 per-cent to 4.8 percent. Lagarde said the growth may even reach above 5.0 percent, which is within the Philippine government target of 5-6 percent this year. “I know that the growth in 2012 will be way in excess of 5 percent and we’re certainly looking forward to 2013 to be in the range of 5.0 percent as well. This is due in no

Real Bank’s new Director is former PDIC presidentFORMER President of the Philippine Deposit Insur-ance Corporation (PDIC) Mr. Jose C. Nograles re-cently joined The Real Bank’s Board of Directors after his appointment as one of its independent directors. He brings with him a wealth of knowledge and experience in both investment banking and finance as well as his stellar experience as one of the Philippines’ financial regulators. During his stint as PDIC President, Nograles shep-herded the passage of amend-ments to the PDIC’s charter, at the height of the 2008 financial crisis, allowing the agency to have a more proac-tive co-regulatory role along with the Bangko Sentral ng Pilipinas (BSP) by providing institutional and financial strengthening measures to safeguard the interests of the depositing public. The amended charter also

raised the deposit insurance coverage from P 250,000 to P 500,000. Nograles a lso led the agency in attaining ISO certif ication through the development of new Business Operations on key processes and services to speed up deposit claims processing enabling small depositors to be paid without need for undergoing tedious claims processing. It was also during his tenure that, together with the BSP, the Strengthening Pro-gram for Rural Banks (SPRB) was crafted and launched. PDIC was nominated as De-posit Insurer of the Year by the International Association of Deposit Insurers (IADI) in 2009. Prior to his appoint-ment as PDIC President, Mr. Nograles was Senior Executive Vice-President of Landbank of the Philip-pines where he also served

nogralesas Treasurer and Head of Investment Banking. Mr. Nograles holds a Bachelor Degree in Econom-ics, cum laude, from the Ateneo de Manila University and an MBA from the Asian Institute of Management. He is a Fellow of the Insti-tute of Corporate Directors (ICD), a non-governmental organization that conducts training and advocacy work for corporate governance and corporate social responsibility.

9 rural banks accredited under new Agri-Agra law

NINE RURAL banks have been accredited by the Bang-ko Sentral ng Pilipinas (BSP) so they can be lent to or in-vested in for the Agri-Agra

Reform Credit Act of 2009. The following rural banks are “accredited rural financial institutions” (ARFI) begin-ning Oct. 24, the BSP said in

Circular Letter No. 2012-082 dated Nov. 13 and released on Tuesday: •RuralBankofKiamba,

BankS/PAGE 9 Policy/PAGE 9

Opinion6 Monday-Tuesday I Nov. 19-20, 2012 BusinessWeek www.businessweekmindanao.com


BUnye/PAGE 8

Money matters in marriage

BSP’s new art collections

THINK a minute… Does money matter much in marriage? You bet it does! Did you know that money problems cause some of the biggest problems between husbands and wives! Sadly, in some marriages it doesn’t take long for wedding bells to turn into wedding bills and debts. At the begin-ning of some relationships opposites attract, but later opposites attack each other. The husband and wife have different values, so they dis-agree on how to spend their money and what each thinks is a waste of money. For example, the husband may like to spend money on beer, fishing equipment, or a television and stereo. But his wife thinks all that is a terrible waste of their money

HEADS up, art lovers. The Bangko Sentral ng Pilipinas (BSP) has part-nered with the Metropolitan Museum of Manila in show-casing its latest collection of newly acquired artworks. Its latest exhibit, “En-during Commitment: New Acquisitions (2009-2012), the BSP Art Collection,” presents 38 of its new paintings and works of sculpture. “Representing established and emerging local artists, the exhibition is an engaging

and income. She wants to buy new clothes and jewelry, or go out to eat at restaurants. That’s what she enjoys. But her husband cannot under-stand how anyone would want to waste money on things like that. There’s a story about an old farmer who decided later in life that he wanted to get married. So he put this advertisement in the newspaper: “Lonely farmer looking for a wife. She must be in her 40’s and own a good tractor. Please send photo of tractor.” To say the least, that old geezer was not very smooth. He didn’t even try to hide what was important to him. So when a husband and wife have very different val-ues on what’s important

and what they should spend their money on, what should they do? They both need to compromise and cut back on their spending, before their debts get bigger. You see, the daily pressure and stress from big debts or loans, can divide and eventually destroy a marriage! Maybe you’ve heard the phrase: “There’s no such thing as a free lunch!” Sooner or later we have to pay! Self-centered, uncontrolled spending will not only cost you money, but it can even cost you your marriage and family! If you’ve not been respon-sible in your spending, and your marriage and family are suffering under the pressure and stress from your unpaid debts, then won’t you ask Jesus Christ to forgive you?

Then ask Him to take control of your life and how you spend your money? Jesus can give you the self-discipline and willpower you need to finally take control of your money problems, so they will not control you and your family. Just think a minute…

Noodles and the Big C. What???

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visual feast of the various expressions that may have come out in the last decade of the 20th century, and in recent years,” the Met-ropolitan Museum (MET) explained. The exhibit will run un-til December 15, 2012 at the MET’s Galeriya Bangko Sentral. “Enduring Commitment” showcases some of the works of Filipino National Art-ists, including Arturo Luz, Jerry Elizalde Navarro and Benedicto Cabrera. The exhibit also presents the winners of the first Tanaw BSP Art Competition held in 2010 — Gary Custodio (“The Rebuilders”), Melvin Culaba (“Unresolved”), and Brave Singh (“Pagsabay sa Paghakbang ng Ating Mga Pangarap”). Women artists are like-wise represented in the ex-hibit through the works of Phyllis Zaballero, Yasmin Sison, Geraldine Javier, Isa

Lorenzo and Maxine Syjuco. Zaballero’s “Handaan” (2011) elaborates on fellow artist Nunelucio Alvarado’s take on the Filipino eating culture. While Alvarado’s “Carinderia” (2009) features an intensely vibrant scene at a local eatery, Zaballero’s work shows a sumptuous display of festive treats and local celebratory dishes such as pancit and lechon. An artwork by Rodel Tapaya, CCP Artist Awardee for 2012, is likewise includ-ed in the exhibit. Tapaya’s painting, “The Miracles of Lumawig,” is an earth-toned interpretation of the works of Lumawig of Bontoc, one of the more enduring char-acters in indigenous creation myths. According to the BSP’s monthly newsletter, The Central Banker: “Compris-ing of conceptual, figurative, abstract, and hyper-realist art, (the paintings) are a fascinating exposition of

Noodles have become a way of life, particularly for the busy people. Who among us mortals has not embraced noodles and made them part of our meals? But, how safe are our noodles? Recently, the Department of Health through its Food and Drugs Administration ( FDA ), recalled noodles that are Korean made, as these were discovered to contain Benzopyrene. Benzopyrenes are poly-cyclic aromatic hydrocar-bons, considered to be a carcinogen. A carcinogen is a substance, a chemical or any factor that can cause mutations or alterations in the cells, through its DNA ( which contains the ge-netic materials ), the effect of which is the UNCON-TROLLED GROWTH of defective cells. Of course, there are other factors like exposure to radiation, cer-tain infectious agents like

Hepatitis B, Papillomavirus and genetic reasons for hav-ing the Big C. For now, our focus is on Benzopyrene, as related to our favourite noodles. Benzopyrene is found in coal tar ( after volcanic eruptions ), exhaust fumes , in cigarette smoke, wood smoke and from burnt, over cooked foods. Imagine the fumes that one gets to inhale while barbecuing with all that fat dripping on blistering charcoal! The exposure is multiplied as the chemical becomes condensed and form part of that barbecued or char broiled food, that you so love ( oops, am not against BBQ- am a fan of it too ). Accordingly, the level of Benzopyrene in a pack of Korean noodles is 0.4- 1.6 parts per billion, which is almost similar to the amount seen in a smoked fish ( another favourite of mine ). And, for the level to

become significant, one must consume 60 cups/ packs of noodles for the Benzopyrene level to approximate that of having smoked 10 sticks of cigarette ( Hmmmm.... ). This is associated with Big C’s of the lungs, gastric or skin. It is worth noting that, Big C’s in 90-95% of cases are attributed to lifestyle and environmental factors, with only 5-10% caused by genetic factors. If the cause is ge-netic, there isn’t much we can do, but, the bigger number is PREVENTABLE. This, we can surely do something to minimize if not totally get away from having the Big C, an opportunity to determine our future. It is a matter of choice: a diet that is balanced and highly nutritious, increasing physi-cal activity instead of being potato couches, avoidance of alcohol and cigarette smok-ing, ensuring that our cars

are not smoke belchers, are but a few of what we can determine to do. Balance and correct infor-mation are important tools, to guide one in arriving at what we call as INFORMED CHOICE. Choosing healthy is your gift to yourself, while being responsible for your actions that can impact other people’s lives, is your gift to others.....

the mental workings and motivation of the Filipino artist.” The BSP art collection is a rich source of inspira-tion and pride for present and future generations of Filipinos, according to the Metropolitan Museum. “Consisting of over a thousand artworks, the col-lection remains one of the most significant institutional collections of Philippine art today,” the Museum added. Here are some more facts about the BSP art collection that enthusiasts may be in-terested to know: •Someofthefirstgroupsof paintings acquired by the Bangko Sentral in the late 1950s to be displayed in its offices were of the so-called “Mabini art.” These paintings were bought along Mabini Street in the Ermita district, where many of Manila’s art galleries were concentrated during that time.

BusinessWeek www.businessweekmindanao.com


Unconscionable imposition on the double dead

EditorialTHAT’S the most appropriate word to label the recent peti-tions filed by three utilities with the Energy Regulatory Commission (ERC) to charge to consumers the cost of their damages arising from Tropical Storm Sendong and the f loods arising from it. When a court uses the word unconscionable to de-scribe conduct, it means that the conduct does not conform to the dictates of conscience. In addition, when something is judged unconscionable, a court will refuse to allow the perpetrator of the conduct to benefit. In contract law, an un-conscionable contract is one that is unjust or extremely one-sided in favor of the person who has the superior bargaining power. An uncon-scionable contract is one that no person who is mentally competent would enter into and that no fair and honest person would accept. Courts f ind that unconscionable contracts usually result from the exploitation of consum-ers who are often poorly educated, impoverished, and unable to find the best price available in the competitive marketplace. While we can hardly call the consumers of CEPALCO, MORESCO-1 and the NGCP poorly educated, much less mentally challenged or im-poverished, their conduct to take advantage of exist-ing laws which allow this kind of “cost recovery” for a catastrophe like Sendong

certainly qualifies that act to be called “unconscionable”. In a month or so, it will be the first anniversary of Tropi-cal Storm Sendong’s grisly passage through Cagayan de Oro and Iligan. The timing of these three firms peti-tions with the ERC would also brand them as blasé, deadened to the agony of the throngs of humanity who suffered cruelly in the raging passage of that deadly storm. Mark the words of Rep. Rufus B. Rodriguez: “We will oppose this at the ERC and Congress. How can they pass on these damages to the consumers who already suf-fered the floods of Sendong? There is no legal and moral basis for this claim and we will oppose this petition in every forum it is brought up.” Or the scathing rejoinder of an enraged member of the fourth estate:“Binuang na-man na ila ipasa ang damyos sa Sendong sa ato! Na double dead man ta ana! Dawbe kad-tong apektado ug namatyan sa Sendong? Pabayran pa giyod sa damyos? Ka hayahay ba sad nila!” The petitioners have just successfully thrown years of Corporate Social Responsi-bility posturings out of the window with these petitions. Show them they are wrong and withdraw these imme-diately in the Name of God and Humanity. Have a heart!

Health in Focus

DR. MARY JEANLORECHE

7Monday-Tuesday I Nov. 19-20, 2012BusinessWeek www.businessweekmindanao.com


CAGAYAN DE ORO MAIN BRANChP & J Lim Bldg., Tiano Brothers – Kalambagohan Sts.,

Tel. # (08822) 727-829 * Telefax # (088) 856-1947CAMIGUIN BRANCh B. Aranas St., Poblacion, Mambajao,

Camiguin Tel. # (088) 387-0491CORRALES BRANCh Corrales Ave., Cagayan de Oro City

DIVISORIA BRANCh Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631

LAPASAN BRANCh Lapasan Hi-way, Cagayan de Oro CityTel. # (088) 231-6739a

Agri News8 Monday-Tuesday I Nov. 19-20, 2012 BusinessWeek www.businessweekmindanao.com


ACCEPTS: RENTALS: * metal works * Power Tools * wood works * Engineering Equipments * water works * Backhoe * plumbing works * Pay Loader * rock works * Grader * construction works * Bulldozer * home improvement works * Roller * motor works * Generator

“Quality assurance and customer satisfaction in our service”

CONTACT : ENGR. DARIO R. MINOZA General Manager CELLPHONE : 09166028598 TELEPHONE : (088) 850-4576

DreamWorkshop InnovatIon engIneerIngWestbound, Crossing Bulua

peace agreement once com-pleted. An executive order to be issued by President Aquino is expected to be drafted and released two to three weeks from now,” Presidential Peace Adviser Teresita Deles said in a state-ment. Deles said the committee would be composed of 15 members—seven from the government and eight from the Moro Islamic Liberation Front (MILF). Next month, the peace panels will meet again in Kuala Lumpur, Malaysia, to draft the an-nexes to the FRAG. Kalalo said Mindanao can contribute more than 50 percent to the country’s gross domestic product (GDP) should development plans for the area are pursued, processing plants are in place and the peace agreement is fully implemented. “The island’s economic growth can also double on the back of these develop-ments. It’s huge because in mining alone, large income and [more] economic ac-tivities can be gained. With these, hopefully, Mindanao will be a rising star here in the Philippines,” he said.

Peace...from page 1

panies to establish their busi-ness in the area in the next five years,” Benjamin Kalalo Jr., Philexport trustee for the Housewares sector and the four Philexport chapters in Mindanao, said. Kalalo said Mindanao could be seeing more invest-ments in key industries, in-cluding mining, agribusiness, marine, transport, airline,

Front (MILF) already erased, Philexport said Mindanao could realize its full potential and contribute as much as 50 percent to the economy in the future. “If we achieve a stable Mindanao, we can easily attract 25 percent more com-

shipping, and construction. Not only that, with the shortage in electricity in the region, he said a favorable business climate in Mindanao will surely attract investors in power generation facilities there. Also, once the economy has picked up and the pur-chasing power of residents in the region has increased,

Kalalo said more money will pour in for businesses such as processed food, con-struction of residential and commercial buildings and malls, and transportation. Liza Leong, Philexport senior manager, said the group has 650 member ex-porters in Mindanao cur-rent ly. They are most ly engaged in the production and export of agriculture, marine, and resource-based products such as handicrafts

and furniture. Malacanang is set to issue an executive order (EO) creating the Transi-tion Committee that would guide the formulation of annexes to the Framework Agreement (FRAG) on the Bangsamoro. “With annexes expected to be due by the end of 2012, both parties are hard at work in preparing the details of the framework agreement, which will comprise the final

centimeters and currently hangs at the main lobby of the Philippine International Convention Center. •TheBSPPaintingCol-lection is among a few pub-lic collections in the coun-try that hold representative

Bunye...from page 6 •Thebiggestpaintingin the BSP art collection is “Pagdiriwang” (oil, 1956) by Nat iona l Ar t ist Jose Joya. It measures 515 X 700

works of all the National Artists of the Philippines in the field of painting. •TheBSPholdsanum-ber of 19th century religious paintings in its art collec-tion. For example, the works of a master painter from

Bohol is well represented in the collection, with “14 Stations of the Cross” and other portraits of saints such as those of “Saint An-thony Abbot” (circa 1840) and “St. Joseph” (1830). It would be interesting to

know that despite his ano-nymity (being only referred to as the “Bohol Master”), the master painter from the Visayan province is indeed very prolif ic. His “14 Stations of the Cross” is presently on display at

the 4th Floor of the Bangko Sentral’s 5-Story Building. Note: My book, Central Banking for Ever y Juan and Maria, is now avail-able at Fully Booked. You may e-mail us at [email protected].

3rd PAS’uNGKO S’G FESTIVAL. Agricultural stakeholders, espe-cially the farmers and fisherfolks, in the province of Misamis Occidental exulted as Department of Agriculture Secretary Proceso J. Alcala has personally handed-over more than P100 million worth of assistance for their respective farming and fishing ventures during the province’s month-long 83rd anniversary celebration on November 14, 2012 at the Capitol Grounds, Provincial Capitol. During the forum – witnessed by more than 1,000 farmers and fisherfolks, including local executives, officials and other esteemed guests in Misamis Occidental – Sec. Alcala assured that the department will carry on in steering the province’s course towards agricultural development, characterized in achieving food sufficiency while also taking into account in alleviating the conditions of farmers and fisherfolks. In behalf of the province, Governor Herminia M. Ramiro received the certificates of award and turn-over from the Secretary. On top of this, Sec. Alcala has committed in establishing a corn mill in the two municipali-ties of the province, namely Concepcion and Bonifacio and a multi-species hatchery in the municipality of Sapang Dalaga.

ing the various activities and stakeholders involved in the industry, the private sector must work closely with dif-ferent government agencies so that proper interventions can be implemented well. “Convergence is the call for the day,” she said. On the issue of unpre-dictability of Cardava ba-nana supply, Cruz said the industry must consider the number of hectares needed to achieve the required sup-ply of fresh Cardava banana and campaign for increase in farm areas.

Value chain imperative in banana industry growth

DAVAO City -- An official of the Department of Trade and Industry (DTI) has called on banana stakeholders to study the industry’s value chain in order to unleash more oppor-tunities and achieve higher growth. Trade and Industry Un-dersecretary for Regional Operations and Development Group Merly M. Cruz said by looking closely at the value chain of the industry, farmers/growers, exporters and other stakeholders and supporters will know what things must be considered. The value chain is depen-dent on the demands set by

the consumers/customers. Therefore, value chain is market-driven. “The high market demand is very encouraging. From the market, work backwards,” she said. Based on records, the in-dustry contributes 34 billion US dollars in annual export earnings. Cruz added that in study-

Farmers to benefit local financing, risk insurance program

By SuSIL D. RAGASContributor

hold’s crop production and alternative livelihood ventures, easy access to saving facilities and to formal and informal crop insurance, and further facilitates access to pro-ductive services including agri-technology train-ing, related agri-support enterprise and business trainings. The CCAP was funded by the Global Environ-ment Faci l ity through the United Nations De-velopment Programme, an initiative which was

developed and applied f irst to r ice and corn farmers in areas vulner-able to natural disasters in Agusan del Norte.The project will soon expand to Agusan del Sur and Surigao del Norte by 2013, as part of its “Scaling Up Risk Transfer Mecha-nism.” On her part, Governor Sol Matugas is optimistic that through this project “ we will be building di-saster-resilient and safer farming communities in the province.

SURIGAO City -- Local R ice and Corn Farm-ers in Surigao del Norte can soon avail the local f inancing and risk in-surance program next year, through the Cli-mate Change Adapta-tion Project (CCAP), said Provincial Planning and Development Coordina-tor Arturo Cruje. Cruje said that under the CCAP, farmers will have easy access to credit in support of the house-

9Monday-Tuesday I Nov. 19-20, 2012BusinessWeek www.businessweekmindanao.com


Republic of the PhilippinesREGIONAL TRIAL COURT OF MISAMIS ORIENTAL

10th Judicial RegionCagayan de Oro City

2012-479OFFICE OF THE PROVINCIAL SHERIFF

NOTICE OF EXTRA-JUDICIAL SALEFILE NO. 2012-288

Upon extra-judicial petition for sale under Act No. 3135, as amended by Act No. 4118, filed by hDmF (PaG-iBiG FUnD) with principal office address at Atrium of Makati, Makati Avenue, Makati City, with branch office at Pag-ibig Fund, Bldg., Borja St., Cagayan de Oro City against eUFronia B. alBino, with postal address at B-4 l-3 virGinia homeS, PhaSe 1, iPonan, caGayan De oro ciTy, the mortgagor, to satisfy the mortgage indebtedness which as of September 12, 2012, amounts to Three hUnDreD Twelve ThoUSanD Two hUnDreD SiXTy SiX PeSoS & 17/100 (P 312,266.17), Philippine Currency, inclusive interest, penalty charges, court fees, attorney’s fees and expenses of foreclosure, the undersigned or duly authorized deputy will sell at public auction on December 27, 2012 at 10:00 a.m. or soon thereafter at the main entrance of the Office of the Court, Hall of Justice, Hayes-Mortola Streets, Cagayan de Oro City to the highest bidder, for cash and in Philippine Currency, the following property/ies described below including all existing improvements found thereon, to wit:

TranSFer cerTiFicaTe oF TiTle no. T-93785

A PARCEL OF LAND (Lot 8, Block 4, Psd-104305-018798, being a Portion of Lots 3656, Cad-237, Cagayan Cadastre), situated in the Barrio of Iponan, City of Cagayan de Oro, Island of Mindanao. Containing an area of eiGhTy SiX (86) square meters, registered in the name of eUFronia B. alBino.

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

In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication.

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

Cagayan de Oro City, November 7, 2012.

anTonio a. caGUlanG, jr. Sheriff IVBWM: 12, 19 & 26, 2012

noTice oF eXTra-jUDicial SaleFile No. D-2012-351

Upon extra-judicial petition for sale under Act 3135 as amended filed by Siam Bank ( A Rural Bank), Inc., Lugait, Misamis Oriental against (STePhen r. Brian/ Teolah m. Brian a resident of Poblacion, lugait, misamis ori-ental) to satisfy the mortgage indebtedness which as of June 26, 2012 amounts to P 491,338.78 excluding penalties, charges, attorney’s fees and expenses of foreclosure the undersigned or his duly authorized deputy will sell at public auction on Dec. 15, 2012 at 10:00 A.M. or soon thereafter at the entrance of the office of the regional Trial court Branch 44, initao, misamis oriental) to the highest bidder for cash and in Philippine currency the following property with all improvements to wit:

MORTGAGED PROPERTIESTCT NO. T-38425 LOT TD NO. 0204772

LOT : 608-A, Psd-10-042319PORTION OF LOT : 608, Cad-698, Lugait CadastreAS SURVEYED FOR : Erlinda S. MonsantoLAND USE : (Cocos)LOCATION : Poblacion, Lugait, Mis. Or. Island of MindanaoBOUNDARIES : NW., along line 1-2 by Lot 611, Cad-698 : NE., along line 2-3 by Lot 609, Cad-698 : SE., along line 3-4 by Lot 608-B Psd-10-042319 : SW., along line 4-1 by Lot 607, Cad 698AREA : TWO HUNDRED FIFTY THREE (253) sq.m. More or lessBEARINGS : TRUEDESCRIPTION OF CORNERS : 1-2 are old points & the rest are P.SORIGINAL SURVEY : 4-13-81SUBDIVISION SURVEY : May 3, 2012

Covered by Tax Declaration No. 0204772 to take effect 2004 together with all existing and future improvements thereon.

Prospective buyers may investigate for themselves the title hereinabove described and encumbrances thereon if any there be.

In the event the auction should not take place on the said date it shall be held immediately on the next day without further notice.

September 14, 2012

FOR THE PROVINCIAL SHERIFF

norBerTo F. laBiS Sheriff IV BWM: NOV. 12, 19 & 26, 2012

ICT Industries as it joined hands with the Regional Health Research and De-velopment Consortium XI (RHRDC XI). The RHRDC-XI has cited the role of IT in health re-search particularly in the referencing of research mate-rials from IT-based sources. Aside from health re-search, the expo also show-cased various healthcare solutions in the form of application and software developed by local software developers.

Innovation...from page 2

extortion reason saying that he heard that the rebels asked only “small things such as sacks of rice and canned goods.” Zubiri said there was no burning of heavy equipment owned by the contractor. “I want the project fin-ished, and we’ l l get new contractor as there are re-sponsible contractors in our province who can handle and finish this,” he told the provincial board.

Project...from page 2

reasons. She said the contractor notified PRMF that there were rebel sightings near the project area. When the contractor sus-pended its works last Febru-ary 2012, Rendon added, it had accomplished 44.49 percent of the project’s scope. However, the vice gover-nor belittled the contractor’s

Last November 9-11 the DOST-ICTO and ICT Davao held the Innovation Expo 2012 at Abreeza Mall in the city. The activity gathered local IT players which included de-velopers, innovators, vendors and BPO service providers showcasing their capabilities and new innovations. The Innovation Expo carried the theme Enabling Innovation in Healthcare, Creative and

“The IMF is very, very pleased for the historical partnership that we have but particularly pleased that it has now taken the form of a creditor relationship,” she said. “We will be doing every-thing we can to support with technical assistance the effort of the Philippine authorities to extend growth throughout the country in all its diver-sity and into the far end of the country where peace is returning,” she added. The IMF chief arrived in Manila on Thursday as part of a week-long visit to Southeast Asian countries. She met Friday morning with Vice President Jejomar Binay at the Coconut Palace before proceeding to Mala-canang. President Benigno S. Aquino III was supposed to receive Lagarde, but begged off as he was not feeling well. (PNA)

Policy...from page 5

The law mandates banks to set aside 25% of their total loanable funds for the agriculture and agrarian reform sectors. Aside from extending loans and purchas-ing eligible loans from other banks, banks have alternative modes to comply with the law. These include paid sub-scription of shares of stock in ARFIs, wholesale lending to ARFIs and investments in the special deposit accounts held by ARFIs. “Under existing regula-tions, the lending and/or investing bank is required to disclose in its Agri-Agra report submitted to the BSP its exposure to the ARFI...” the circular letter read. “Such exposure to the ARFI shall be eligible for determining compliance with the agri-agra requirement for as long as the ARFI remains accredited with the BSP,” it added. The central bank clarified, though, that the accreditation concerns only the Agri-Agra Reform Credit Act and does not serve as an endorsement of the “safety and soundness” of the rural banks.

Banks...from page 5Inc.; •ProducersSavingsBank; • Rural Bank of Barili(Cebu), Inc.; •RuralBankofSta.Cata-lina, Inc.; •CommunityRuralBankof Catmon, Inc.; •RuralBankofBay,Inc.; • Philippine ResourcesSavings Bank, Corp.; • Rural Bank of Pilar(Bataan), Inc.; and •CommonWealthRuralBank, Inc. “The accreditation issued by the BSP is solely for the purpose of certifying that the loan portfolio of the above-listed ARFIs complies with the qualification re-quirements prescribed under the relevant law, rules and regulations,” the circular read. Republic Act No. 10000 or The Agri-Agra Reform Credit Act of 2009 was ap-proved by then President Gloria Macapagal-Arroyo in 2010 to encourage banks to increase their loans to farm-ers, fisherfolk and agrarian reform beneficiaries.

due in no little parts to the excellent policy mix deployed both by the Secretary of Finance and the Central Bank of the Philippines,” she noted. The IMF chief urged the Philippine government to continue its efforts toward an inclusive and sustainable growth. “We share the govern-ment’s view that growth should benefit the broader sec-tion of population. Inclusive growth is more sustainable and it is really to the credit of this government to make sure that growth is as inclusive as possible and inequalities can be reduced,” she said. Lagarde said she is look-ing forward to the IMF’s continued partnership with the Philippines, especially now that it is a net creditor in the multilateral institution.

belief and support to Miss Earth and its advocacy. When asked what she can say about MyPhone as a partner, Ms. Schuck shared, “MyPhone, just like Miss Earth, is a Filipino brand. We’ve always thought it best to work with brands of our own, and as a partner, My-Phone has always been won-derful. We are very grateful for their support.”

MyPhone...from page 4

quent cheap electric power. The Jica and NWRB study showed that Cagayan de Oro City’s Exploitable Ground-water as of 1998 was 34 mil-lion cubic meters (MCM) as against the 98 MCM Projected Water Demand by 2025. And by 2025, “all major cities in the Philippines will experi-ence water shortages,” said the Policy Brief of the Senate Economic Planning Office entitled “Turning the Tide: Improving Resources Man-agement in the Philippines” released on August 2011. So while there is still time for the city to reverse the projected water shortages, WWF Philippines and BPI Foundation recommended that “the city must look beyond its boundaries and forge alliances with the towns located above the city.” “In order to work, these river management alliances must be fair, equitable and founded on the synergies that can arise from public-private participation. They should be driven by scientific fact and management reality, rather than political expediency. The scope and structure of these alliances will be defined by the shape and size of the two major river basins that funnel water through the city,” they said. Cagayan de Oro is bounded in the east and west by the drainage systems of the Tago-loan River and Cagayan de Oro River, respectively. “Boxing in the city, like a parenthesis, these two ma-jor river basins of Northern Mindanao are fed by rainfall emanating from the high pla-teau of Bukidnon,” the WWF Philippines and BPI Founda-tion study said. The city’s uplands receive an annual rainfall of 2800 mm, which is 60 percent higher than the city’s lowlands. The study also said that making the upper, middle and lower catchments of the Tagoloan River and Cagayan

Water...from page 1

seat in the coming elections, told Mindanao Daily News that she had a talk with Misa-mis Occidental Gov. Hermie Ramiro regarding plans to bring development projects for the Subanen, Among them is the establishment of a Sub-anen Ancestral House that would cater to the transfer of technology scheme from the Villar Foundation in regards to livelihood assistance. Villar said the foundation will held the Subanen by pro-viding them more inputs in technology that would boost their production of native products.

Villar...from page 1

of last year’s murderous ram-page may in the future be its savior. “Water may be Cagayan de Oro’s pot of gold,” according to the Business Risk Assess-ment and the Management of Climate Change Impacts—2 Phase study undertaken by WWF Philippines and BPI Foundation. The study, however, said this will only come true if the city government will use and utilize water “in a socially ac-ceptable, economically viable and environmentally benign manner.” “What is now seen as a risk, may in fact be transformed into an opportunity…Cagayan de Oro controls the faucet. Its challenge is to figure out how to manage the pipes,” the study said. According to a 1998 Japan International Cooperation Agency (Jica) and Nation-al Water Resources Board (NWRB) study that was cited in WWF Philippines and BPI Foundation’s report, “a wealth of water will continue to f low down into this coastal develop-ment corridor”—meaning the Cagayan de Oro-Iligan Invest-ment Corridor (CIIC)—until 2025. The boom of Iligan City in the 1950s was due to several large investors lured by Maria Cristina Falls and the conse-

de Oro River healthy through proper management will ul-timately “define the climate vulnerability of Cagayan de Oro.” And making this into real-ity requires a working public-private partnership, in which the government will act as catalyst “to get the ball rolling” while the private sector will make sure that the plans and programs continue or “stick to the plan and keep that ball in play.” But the reality in the city as present events showed, it is the church-led private sector that initiated everything—from forming structures, forging alliances, planning and implementing—to save the city from the so-called waterworld by proper forest management in all catchment areas of the city, especially in Bukidnon province through the Cagayan de Oro River Basin Management Council (CDORBMC). The CDORBMC, headed by Cagayan de Oro Archbishop Antonio Ledesma, SJ, was formed in November 2010 to protect and rehabilitate the Cagayan de Oro River’s wa-tershed in light of the rampant illegal activities going within the watershed area. (To be concluded)

After visiting the 1st Misa-mis Occidental Coconut Pro-cessing Center in Barangay Bolibol in Oroquieta City, Mrs. Villar said she is also donating, through the Villar Foundation, machines for coconut quire-making and improving the techniques in making coco nets which is now in demand locally and abroad.

capacity is only 1,616 MW. The low power dispatch of the Pulangui complex due to low water level and the need to uprate the already old Agus Hydro-Electric Power (HEP) plants were cited as reasons for the shortfall causing power curtailment to electric utilities and rotating brown outs among power consumers. Also a contentious issue in the Mindanao power situation is the privatization of the Agus 4 & 5 power plants. As a result, current mea-sures are being undertaken to address the power supply problem such as monitoring the daily operations of the Mindanao Power System, maxi-mizing the dispatch of 200 MW Therma Marine Incorporated (TMI) power barges, repair of the Pulangui 4 HEP, uprat-ing of Units 1 & 2 of Agus 6 HEP, and the compliance to the Electric Power Industry Reform Act (EPIRA). The DOE has also recom-mended the transfer of two power barges from Visayas to Mindanao; operation of the Iligan Diesel Power Plant, utili-zation of embedded generation, and the creation of a one-stop shop that will facilitate the entry of power projects in the island. For Northern Mindanao, applications are coming in for investments in the following projects: 200 MW STEAG Coal-fired Power Plant Expan-sion, 20 MW Tagoloan Hydro Power, 5 MW Camiguin Wind Power, and 35 MW Bukidnon Biomass project.

Normin...from page 1

Property10 Monday-Tuesday I Nov. 19-20, 2012 BusinessWeek www.businessweekmindanao.com


Republic of the Philippines PROVINCE OF BUKIDNON

Malaybalay City

OFFICE OF THE PROVINCIAL GOVERNOR Bids and Awards Committee

INVITATION TO BID

(Project No. 2012-058) 1. The Provincial Government of Bukidnon, through its General Fund for CY 2012, intends to apply the sum of Four

Million Pesos (P4,000,000.00) only being the approved budget for the contract (ABC), to payments under the contract for ITB 2012-058, Project 1 “Supply and Delivery of 4 units Brand new Rescue Ambulance with brand new shuttle type and Project II Supply and Delivery Fertilizer with an ABC of 3,999,955.50”. Any bids in excess of the ABC shall not be accepted.

Unit of

issue Qty DESCRIPTION

Approved Budget for the

Contract

unit

4

Project I- Brand new Rescue Ambulance with brand new shuttle type Specifications: Brand new 4D56 4-cylinder diesel engine, 5-speed manual transmission, power steering, foldable bench type seating for rescue ambulance personnel for the rear rescue body, complete with all weather rescue ambulance marker stickers, 4 set brand new sliding windows, checkered plate rear step-board for easy access at rear portion. Accessories: 1 set brand new semi automatic imported rescue ambulance stretcher with lock, 1 set brand new low profile one sided light emitting diode light bar 12V. 2 sets brand new revolving lights class A for the rear portion (Red lens), 1 set brand new low profile siren built-in with multiple tones control module, 1set brand new original factory made crystal type tail lights 12V, 4 sets tire size brand new 185R14 radial tires with 5 stud heavy-duty steel rims, 1 set brand new AM/FM radio system, 1 set brand new spare tire with original 5-stud heavy duty steel rim, 1 set new jack, 1 set brand new tire wrench.

P4,000,000.00

bag

1,530

Project II-Complete Fertilizer (14-14-14)

P1,962,378.00

bag 1,530

Urea(46-0-0)

P2.037,577.00

2. The Provincial Government of Bukidnon now invites bids for the said project. Delivery of the goods is required

(FOB- PGSO, Provincial Capitol, Malaybalay City ). Bidders should have completed, within 2 years from date of submission and receipt of bids, a contract similar to the project. The description of an eligible bidder is contained in the bidding documents, particularly in Section II. Instruction to Bidders.

3. a.) Bidding will be conducted through an open competitive bidding bidding procedure using non-discretionary “pass/fail” criterion as specified in the Implementing Rules and Regulations (IRR) of Republic Act (RA) 9184, otherwise known as the “Government Procurement Reform Act”.

(b) Bidding is open to all interested bidders, whether local or foreign, subject to the conditions for eligibility provided in the IRR of RA 9184. 4. Interested bidders may obtain further information from the Provincial Government of Bukidnon and inspect

the Bidding Documents at the address given below from 8 a.m. to 5 p.m. Monday to Friday.

5. (a) A complete set of Bidding Documents may be purchased by interested bidders on November 21, 2012, from the address below and upon payment of a non-refundable fee for the bidding documents amounting to P4,000.00.

(b) It may also be downloaded free of charge from the website of the Provincial Government of Bukidnon, provided that the Bidders shall pay the nonrefundable fee for the Bidding Documents not later than that of the submission of bids.

6. The Provincial Government of Bukidnon will hold a pre-bid conference on November 22, 2012, BAC Secretariat Conference Room, BAC Secretariat Office, Capitol Compd., Malaybalay City. 7. (a) Bids must be delivered to the BAC Secretariat Office, Capitol Compound, Malaybalay City on or

before 9:30a.m of December 04, 2012. All bids must be accompanied by a bid security in any of the acceptable forms and in the amount stated in ITB Clause 18. (b) Bid Opening shall be on December 04, 2012 at 10:00 a.m., BAC Conference Room, BAC Secretariat Office, Capitol Compound, Malaybalay City. Bids will be opened in the presence of the Bidders’ representatives who choose to attend at the address below. Late bids shall not be accepted.

8. The Provincial Government of Bukidnon reserves the right to reject any bid, to annul the bidding process, and to reject all bids at any time prior to contract award, without thereby incurring any liability to the affected bidder or bidders.

For further information, please refer to: Eng’r. Charito G. Yulo and Aldrin C. Ompad BAC Office, Capitol Compound, Malaybalay City or call telephone # 088-221-3114 / 088-813-2141.

PROVO B. ANTIPASADO, Jr. Provincial Administrator Chairman, Bids and Awards Committee

BWM: Nov. 19, 2012

TWO Andrew L. Tan-con-trolled developers -- Mega-world Corp. and Empire East Land Holdings, Inc. -- reported mixed net income results for the third quarter despite booking higher revenues, the companies said in separate disclosures on Thursday. Net income of Mega-world went up 29.87% to P2 billion in the third quarter from P1.54 billion in the same three months last year, as revenues -- mostly real estate sales and rental income -- increased 16.78% to P8.42 billion from P7.21 billion, and costs and ex-penses grew by a slower 13.05% to P6.41 bil lion from P5.67 billion. But the company saw a smaller net income as of September -- P5.7 billion, or 14.93% down from P6.70 billion in the same nine months last year. Revenues rose by 3.88% to P23.85 bi l l ion from P22.96 billion, while costs and expenses climbed by a bigger 11.75% to P18.16 billion from P16.25 billion. “Among product portfo-lios, the bulk of generated consolidated revenues was derived from the sale of condominium units and residential lots amounting

Property developers bare mixed net income results

to P14.61 billion in 2012 compared to P13.03 bil-lion in 2011, an increase of 12.11%,” Megaworld said of its nine-month perfor-mance. Megaworld, incorpo-rated in 1989 as Megaworld Properties and Holdings, Inc., is currently engaged in the development of large-scale, mixed-use master planned townships for the middle-income market seg-ment. In comparison, Empire East recorded a third-quar-ter net income of P28.84 million that was barely changed from P29 million the previous year. Third-quarter revenues -- mostly from real estate sales, commissions, and other income -- gained 24.13% to P577.07 million from P464.88 million, but costs and expenses rose by a faster 25.8% to P548.224 million from P435.871 mil-lion. As of end-September, Megaworld held a 61.75%

stake in Empire East, ac-cording to the latter’s end-September public owner-ship report. “Sales generated were derived from various proj-ects including, California Gardens Square, Greenhills Garden Square, Pioneer Woodlands, The Cambridge Village, San Lorenzo Place, Laguna Bel Air Projects and The Sonoma,” Empire East noted. Still, Empire East saw its net income rise 7.5% to P89.30 mil lion as of September from P83.07 million in the same nine months last year. In the same comparative peri-ods, revenues expanded by 21.83% to P1.73 billion from P1.42 billion, while costs and expenses went up 22.39% to P1.64 billion from P1.34 billion. Empire East, a former di-vision of Megaworld Corp., was incorporated in 1994 and was formerly known as Megaworld’s Community Housing Division.

Republic of the Philippines PROVINCE OF BUKIDNON

Malaybalay City

OFFICE OF THE PROVINCIAL GOVERNOR Bids and Awards Committee

INVITATION TO BID

(Project No. 2012-057)

1. The Provincial Government of Bukidnon, through its Trust Fund for CY 2012, intends to apply the sum of Six Hundred Forty Eight Thousand Five Hundred Pesos (P 648,500.00) only being the approved budget for the contract (ABC), to payments under the contract for ITB 2012 - 057 “Supply and Delivery of Agricultural Equipment”. Any bids in excess of the ABC shall not be accepted.

Unit

of issue

Qty DESCRIPTION Approved

Budget for the Contract

pcs 324 Drum, Plastic, 220 liters capacity, w/ faucet, blue color. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1,500.00

pack 65 Knapsack sprayer, 16 liters capacity, plastic, good quality.

2,500.00

2. The Provincial Government of Bukidnon now invites bids for the said project. Delivery of the goods is required

(FOB- PGSO, Provincial Capitol, Malaybalay City ). Bidders should have completed, within 2 years from date of submission and receipt of bids, a contract similar to the project. The description of an eligible bidder is contained in the bidding documents, particularly in Section II. Instruction to Bidders.

3. a.) Bidding will be conducted through an open competitive bidding bidding procedure using non-discretionary “pass/fail” criterion as specified in the Implementing Rules and Regulations (IRR) of Republic Act (RA) 9184, otherwise known as the “Government Procurement Reform Act”.

(b) Bidding is open to all interested bidders, whether local or foreign, subject to the conditions for eligibility provided in the IRR of RA 9184. 4. Interested bidders may obtain further information from the Provincial Government of Bukidnon and inspect

the Bidding Documents at the address given below from 8 a.m. to 5 p.m. Monday to Friday.

5. (a) A complete set of Bidding Documents may be purchased by interested bidders on November 19, 2012, from the address below and upon payment of a non-refundable fee for the bidding documents amounting to P 500.00.

(b) It may also be downloaded free of charge from the website of the Provincial Government of Bukidnon, provided that the Bidders shall pay the nonrefundable fee for the Bidding Documents not later than that of the submission of bids.

6. The Provincial Government of Bukidnon will no longer hold a pre-bid conference since the Approved Budget for the Contract is below one (1) million pesos. 7. (a) Bids must be delivered to the BAC Secretariat Office, Capitol Compound, Malaybalay City on or

before 9:30a.m of November 27, 2012. All bids must be accompanied by a bid security in any of the acceptable forms and in the amount stated in ITB Clause 18. (b) Bid Opening shall be on November 27, 2012 at 10:00 a.m., BAC Conference Room, BAC Secretariat Office, Capitol Compound, Malaybalay City. Bids will be opened in the presence of the Bidders’ representatives who choose to attend at the address below. Late bids shall not be accepted.

8. The Provincial Government of Bukidnon reserves the right to reject any bid, to annul the bidding process, and to reject all bids at any time prior to contract award, without thereby incurring any liability to the affected bidder or bidders.

For further information, please refer to: Eng’r. Charito G. Yulo and Aldrin C. Ompad BAC Office, Capitol Compound, Malaybalay City or call telephone # 088-221-3114 / 088-813-2141.

PROVO B. ANTIPASADO, Jr. Provincial Administrator Chairman, Bids and Awards Committee BWM: Nov. 19, 2012We grow minds!

“I wish to thank my chief information officer, Ms.

Mary Grace B. Sta. Elena, for having me attend the training on broadcasting

sponsored by BusinessWeek Mindanao Media Center on September 18, 2012. I felt indebted for such an

opportunity, given that I fall short of technical skills in writing and broadcasting.

It was indeed a great opportunity for my personal

and intellectual growth, so that I can repay the Office

with a quality workmanship. Again, thank you so much

for the wonderful opportunity and I look forward to attend

trainings of such kind.”

B U S I N E S S W E E K M I N D A N A OTanleh Bldg., Abellanosa St., Cagayan de Oro City

THE MEDIA CENTER

Ruthceli O. AlfecheInformation Officer,

Dept of Agriculture, Region 10

Billboard 11Monday-Tuesday I Nov. 19-20, 2012BusinessWeek www.businessweekmindanao.com


Feature 11Friday-Saturday I Nov. 9-10, 2012BusinessWeek www.businessweekmindanao.com


SUDARIA Group of Newspapers (SGN) Head Mr. Dante Sudaria (standing third from right) strikes a pose with the technical people of Global Chips Technologies CDO, Inc. and the editors of Mindanao Daily News, Mindanao Star Balita, BusinessWeek Mindanao, Cagayan de Oro Times, and BWM Magazine after the nearly 3-hour demo on iPod 2 held at the BWM Media Center in Cagayan de Oro on November 14. photo by shaun alejandrae uy

Justice Puno formally installed in the law professors Hall of Fame

justice Puno

JUSTICE Ricardo C. Puno, Sr., founding partner of the Puno and Puno Law Offices, will be formally installed as one of the “Ten Outstanding Senior Professors of Law”, or in the legal community referred to as the “Magnificent 10”, in the Law Professors Hall of Fame by the Legal Education Board today, Nov. 19, at the Cultural Center of the Philippines. The Hall of Fame was established by the Legal Ed-ucation Board, the agency responsible in the adminis-tration of the legal education system in the Philippines. In addition, the Legal Education Board, led by its Chairman, Justice Hilarion L. Aquino, and the distinguished Members of the Board and the Committee, in partner-ship with the Philippine As-sociation of Law Schools and the Ateneo Law School have invited Justice Puno to give the response on behalf of the ten Hall of Famers and ten posthumous awardees of the honorary title “Law Professor Emeritus”. Justice Puno joins the Hall of Famers, all well known and highly honored by the

legal profession, namely: Fr. Joaquin G. Bernas, S.J.,S.J.D., Justice Isagani A. Cruz, Justice Oscar M. Herrera, Sr., Justice Vicente V. Mendoza, Chief Justice Andres R. Narvasa, Justice Florenz D. Regalado, Justice Lorenzo R. Relova, Senate President Jovito R. Salonga and Justice Jose C. Vitug. Justice Puno has been teaching law since 1949 in the leading law schools as Senior Professor and/or Bar Reviewer. He has authored books in Civil Law, and was a Bar Examiner in Civil and Remedial Law. Many of his former students are now in-cumbent or retired Supreme

Court and Appellate Court Justices, Trial Court Judges, Senators, Congressmen, Cabi-net Secretaries, Ambassadors and leaders in business and government. He was Co-Chairman of the Supreme Court Civil Code Revision Committee which drafted the Family Code. A former Trial Court Judge, Court of Appeals Justice, Court Administrator, Member of the then Batasang Pambansa and Secretary of the Department of Justice, Justice Puno never left the academe and continued to teach law during his govern-ment service and private law practice.

DTI warns publicagainst mislabeledChristmas decors

MALAYBALAY City -- The Department of Trade and Industry (DTI) urged the buying public to be alert and wary of mislabeled products sold in stores, so that they re-ally do get the best value for their money this Christmas season. Consumers are warned not to rush into buying fake or imitation products that are cheap said Ermedio Abang, DTI Bukidnon Provincial Director, in a statement, “Consumers must check the labels such as the brand or trade mark, name and address of manufacturer, country of manufacture, net quantity,

and toxicity warning, if ap-plicable,” Abang said. He also said that under the Consumer Act of the Philip-pines, the manufacturers, importers, distributors, and retailers are liable to consum-ers for injuries caused by defective and unsafe products as well as for the insufficient or inadequate information on the use of certain products and the hazards they pose. “Those found not conform-ing to the minimum labeling requirements face administra-tive charges which include a maximum fine of P300,000 per violation,” Abang said. (RLRB-PIA 10, Bukidnon)

12 Monday-Tuesday I Nov. 19-20, 2012 BusinessWeek www.businessweekmindanao.com
