Market Indicators

US$1 = P41.05 5,834.80 points

X

FOREX PHISIX

AS of 5:54 Pm dec. 28, 2012 (friday)

X5 cents

39.91points

BrieflyLivestockTHE Province of Davao del Norte will be receiving P8.528 million grant for the rehabilitation of the livestock sector in towns worst-hit by Typhoon Pablo, Provincial Gov. Rodolfo del Rosario announced Thursday. After guesting at the Kapihan sa Kapitolyo, Del Rosario signed a contract of donations that the Provincial Government of Davao del Norte entered into with the Department of Agriculture (DA) specifically to restock lost livestock. The grant is part of the “short-term and long-term action plans of the Department of Agriculture for families affected by Typhoon Pablo”, providing a source of starter livelihood, a source of income and food for typhoon affected families.

Farm implementsTHE food security program of the province got a boost from the P10-million worth of farm machineries, equip-ment, and post-harvest fa-cilities given by the national government to the farmers. Governor Rodolfo del Rosario led the turn-over of the farm tools to 24 farmer associations and coop-eratives, during a simple ceremony at the Bulwagan ng Lalawigan. He said the arrival of the implements is very timely as they came in handy for the rehabilitation of thousands of hectares of agricultural lands ravaged by Typhoon Pablo in the province. The production of over 5,000 farmers stands to gain from the farm equip-ment that include hand tractors, mobile thresh-ers, corn shellers, drum seeders, floating til lers and combine harvesters, among others.

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CHRISTMAS VILLAGE.A mother and her child enjoy the miniature Christmas Village at the VIP Hotel in Cagayan de Oro City. Every Christmas season, the hotel displays its collection of miniatures showing various scenes that bring out the Christmas spirit. Some of the viewers who came to see were Sendong survivors who availed of the free entrance to the show. photo by gerry l. gorit

By APIPA P. BAGUMBARAN, Contributor

NORTHERN Mindanao’s labor force went up by 4.2 percent in July 2012, according to the National Economic

and Development Authority (NEDA). The results of the July 2012 Labor Force Survey (LFS) showed that the region’s labor force grew from 2.018 million in July 2011 to 2.102 million in July 2012, said Engr. Cecilio Clarete, chief economic and development specialist of the NEDA in the region.

In terms of employment level, he said the region post-ed improvement breaching the two-million mark during the reference period. The July 2012 round of the LFS estimated the number of employed persons in the region at 2.002 million, or at

Oro, Canadian chamber of commerce groups sign cooperation agreement

By MIKE BAÑOS, Correspondent Canada and the City of Cagayan de Oro,” said Ju-lian H. Payne, Canadian Chamber president during signing ceremonies held at a local restaurant Thursday, December 27, 2012. “This agreement is aimed at increasing the interna-tional trade between Canada and Cagayan de Oro,” said Ma. Teresa R. Alegrio, Oro Chamber president who signed in behalf of the local

THE Cagayan de Oro Cham-ber of Commerce and Indus-try Foundation Inc. (Oro Chamber) and Canadian Chamber of Commerce of the Philippines Inc. (CanCham) have signed a Memorandum of Cooperation to increase interaction aimed at foster-ing bilateral transactions between the two chambers. “We look forward to in-creased business between

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Misamis Oriental posts robust investment growth in 3QBy APIPA P. BAGUMBARAN, Contributor

THE province of Misamis Oriental recorded the highest growth rate in terms of investments among the provinces in Northern Mindanao during the third quarter of 2012.

report, major investments in Misamis Oriental included development of new real estate lessors, construction of new hospital, construction of new gasoline stations, and establishment of new trading business. In terms of contributions to the total regional invest-ments, Misamis Oriental shared 33 percent followed by Lanao del Norte with P359.93 million or 31 percent. Major investments in

Report from the Depart-ment of Trade and Industry (DTI) in the region shows that investments worth P375.69 million were poured in the province during the quarter, up by 109 percent from the P179.46 million posted in the same quarter

in 2011. Bulk of the investments in the province were classified under the services sector at 45.29 percent, followed by infrastructure and trading sectors at 21.63 percent and 21.14 percent, respectively. According to the DTI

Lanao del Norte included expansion of commercial building, appliance display center, hardware stores, warehouse and additional hospital rooms. Misamis Occidental ’s total investments of P220.17 million accounted for 19 percent of the regional total while investments poured in Bukidnon and Camiguin contributed 16 percent at P127.09 million and P60.95

million, respectively. Constructions of new hotel and restaurant, as well as, expansion of apartments, boarding houses, and mix-used buildings were the major investments monitored by the DTI in Misamis Occidental. Investments in Bukid-non, on the other hand, in-cluded capital infusion on post-harvest facility project of Davao-Maramag Agri-venture, Inc., expansion of

rubber boots/shoes produc-tion of Valencia Rubbertex, Inc., cut f lower production, corn coffee production, and tourism-related services. The DTI-10 classif ied investments in Camiguin under services and trading sectors. These included the establishment of gasoline stations, tourism-related investments, cable TV ex-pansion, and establishment of commercial space leasing.

Local poverty reduction action plan gets okayed

BUTUAN City -- The Sang-guniang Panlungsod has approved a resolution re-garding the supplemental 2013 Local Poverty Reduc-tion Plan as endorsed by the City Development Council through CDC Executive Committee Resolution No. 09 series of 2012. This is in consonance with the Department of Budget and Management (DBM), Department of the Interior and Local Govern-ment (DILG), Department of Social Welfare and Develop-ment (DSWD), and National Anti-Poverty Commission

(NAPC) Joint Memorandum Circular No. 01, Series of 2012 directing all the local government units to adhere to the policy guidelines and procedures in the imple-mentation of the Bottom-Up Planning and Budgeting for the Fiscal Year 2013. The end goal for the approval was for the en-hancement and enrichment of the physical assets of the poor. Such as empowering the Senior Citizens sec-tor through the effective delivery of the basic ser-vices they need, another is through promoting a contin-

ued education by providing sufficient learning facilities for the students and lastly, through supporting and sustaining the livelihood and economic opportuni-ties especially those of the displaced workers in the forestry sector to purposely improve the quality life of all Butuanons. The replanning of the Special Purpose Fund (SPF) for the LPRAP was admin-istered but the LPRA Team chaired by City Mayor to-gether with the different sectoral representatives as members thereof.

Hydro developer plants trees for reforestation

DAVAO City -- Run-of-river hydropower developer Hed-cor has planted more than

600,000 trees to date. T he m i le s tone w a s reached during this year’s

reforestation activities in Benguet, Ilocos Sur, Davao City, and Davao del Sur. This year alone, the company planted close to 300,000 trees. Over the years, Hedcor has consistently planted trees to contribute to the protec-tion and conservation of watersheds. Every employee takes part in the environmental effort. Each team member is committed to plant at least 20 seedlings every year. The company’s vice presi-dent for Business Develop-ment Gregorio Jabonil lo said, “Our commitment is to plant more trees and allow them the best chances of survival. This is pursuant to our watershed management plan.” He added, “Our refores-tation efforts contribute to retaining water and prevent f looding and erosion.” Hedcor’s watershed man-agement plan includes pro-grams like reforestation, r iverbank stabi l izat ion, agro-forestry, and roadside rehabilitation. The hydro developer part-ners with its host communi-ties to ensure the protection and survival of planted trees. For trees planted by the company, the survival rate is at 90 percent. This is above the target survival rate of 80 percent set by the Depart-ment of Environment and Natural Resources.

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Toyota reaches $1.1B deal with US owners over recallsCHICAGO — Toyota has agreed to pay about $1.1 billion to settle a class action lawsuit launched by US vehicle owners affected by a se-ries of mass recalls, the Japanese automaker said Wednesday. The deal will cover the cost of installing a free brake override system in millions of vehicles affected by the recalls and cash pay-ments to those who sold their vehicles or decline the brake override. Once lauded for its safety standards, Toyota has been forced into damage control mode in recent years af ter recal l ing mil l ions of vehicles over defects. Earlier this year it added two models to a controversial 2009 re-call launched after f loor mats became trapped under the accelerator, which was l inked to accidents that allegedly caused dozens of deaths. Toyota’s mishandling of the initial problem and other reports of sudden, unintended

acceleration led to the recall of more than 12 million vehicles world-wide, a US congressio-nal probe, more than $50 mi l l ion in f ines from US regulators and public apologies by its chief. Toyot a ha s s i nce worked hard to regain its reputation for safety, while at the same time fighting off the impact of the economic crisis, a strong yen and the devastating 2011 quake-tsunami disaster. The settlement helps Toyota avoid a lengthy and risky court battle with angry owners who argued that Toyota’s technology — not the trapped f loormats — were behind the deadly

instances of sudden, unintended accelera-tion. “This was a difficult decision — especially since reliable scientific evidence and multiple independent eva lua-tions have confirmed the safety of Toyota’s electronic throttle con-trol systems,” Christo-pher Reynolds, Toyota Motor North America’s chief legal officer, said in a statement. “However, we con-cluded that turning the page on this legacy legal issue through the posi-tive steps we are taking is in the best interests of the company, our employees, our dealers and, most of all, our customers.”

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C AG AYA N DE ORO CITY - The Cagayan de Oro Chamber of Commerce and Industry Foundation Inc. (Oro Chamber) bared substantial accomplish-ments for year 2012 with emphasis on membership welfare and corporate social responsibilities. Outgoing Oro Chamber president Ma. Theresa Alegrio bared that foremost of the association’s latest efforts centered on helping victims of calamities and typhoons. For those victimized by Typhoon Sendong, Oro Chamber’s relief efforts helped more than 5,000 internally displaced per-sons (IDP’s). Some 1,400 famil ies in I l igan City received relief goods, in-cluding 2.350 employees of its member companies in Iligan and Cagayan de Oro. Over 4,000 families who suffered from Typhoos Sendong were beneficiaries of Oro Chamber’s water distribution. Ms. Alegrio made the pronouncement during the Chamber’s 4th General Membership Meeting and Induction of 2013 chamber off icers, and Christmas Party, held at Grand Ca-price, Dec. 27. The new officers sworn in by past president and PCCI official RODOLFO L. MEÑES, is led by Efren Uy of New Cagayan Universal Hardware as the incoming president; VP for Aggri-Fiheries & Mining Sector. Eriberto Gualberto; VP for Busioness Support Orga-nization Sector Eduardo Alaba; VP for Manufac-turing and Industry Sector, Jaime Rafael Paguio; VP for Trade & Commerce Sector, Antonio D. Uy; VP for Services Sector Jeffrey Ang; Treasurer Edmubndo R. Chaves Jr., and Corpo-rate Secretary Atty. Zoilo A. Velez. Ms. Alegrio also took note that with the Cham-bers’ efforts, Cagayan de Oro City is one of the 3 cities in the country cur-rently supported by the United States’ USAID Cit-ies Development Initiative Pprogram. The other two are Batangas and Iloilo. Canadian Chamber-sign Agreement with Oro Chamber Meanwhile, the Cham-ber recent ly s ig ned a Memorandum of Coop-eration with the Canadian Chamber of Commerce of the Philippines Inc. (Can-Cham) . The accord signif ies more interaction to fos-ter bilateral transactions between the two chambers. Julian H. Payne, Cana-dian Chamber president was present during the signing ceremonies held

Thursday, December 27. Outgoing president Te-resa Alegrio said that the agreement aims to also increase the international trade between Canada and Cagayan de Oro. “We aim to do this by ensuring ef-fective information sharing and technology transfer. says Alegrio” The init ia l act iv ity-planned under the agree-ment is tentatively, a Ca-nadian Business Forum in this city early next year. As the organized rep-resentatives of businesses the two chambers support, protect and promote busi-ness interests,of the two countries. Statistics show that there are now around 400,000 Fi l ipino Canadians in Canada, making them the third largest Asian Cana-dian group after the Indian and Chinese communities. They are also the largest Southeast Asian group in the country. Between the years of 2001 and 2006, the Filipino community in Canada grew from 308,575 to 410,695 or a growth of about 33%, compared to the rest of Canada, which only grew, by about 5%. On average, Canada received about 20,500 Filipino im-migrants every year from 2001 to 2006. Assuming this growth rate contin-ued, the Filipino-Canadian populace was expected to hit 500,000 by 2010. In 2010, the Philippines was the largest source coun-try for immigrants to Cana-da. There are approximately 7,500 Canadians residing in the Philippines. The Philippines is now Canada’s main supplier of skilled im-migrants, with over 500,000 Filipinos already working across Canada. Tota l trade between the two countries reached C$680.14 in the first six months of 2012, and to-talled C$1.456 billion for the whole of 2011, according to the Asia Pacific Founda-tion of Canada. In 2011, Canadian merchandise exports to the Philippines were valued at CAD $554.6 million, while Canadian imports from the Philip-pines stood at CAD $915.8 million. Just last month, Xinhua news agency reported Presi-dent Benigno S. Aquino III and visiting Canadian Prime Minister Stephen Harper agreed to further increase trade between the two countries. At a joint press meeting after their bilateral talks, both leaders stressed the importance of raising bilateral trade, which reached about $1.5 billion in 2011. Canada’s trade and investment relationship with the Philippines spans

Outgoing prsident Teresa Alegrio turns over the leadership to Efren Uy of New Cagayan Universal Hardware as the incoming president Oro Chamber. The new officers sworn (below) include VP for Agri-Fisheries & Mining Sector. Eriberto Gualberto; VP for Busioness Support Organization Sector Eduardo Alaba; VP for Manufacturing and Industry Sector, Jaime Rafael Paguio; VP for Trade & Commerce Sector, Antonio D. Uy; VP for Services Sector Jeffrey Ang; Treasurer Edmubndo R. Chaves Jr., and Corporate Secretary Atty. Zoilo A. Velez. photos by rolando sudaria of mindanao star balita

Oro Chamber helped thousands of Sendong victims in 2012 - Alegrio

many sectors. Canadian companies with expertise in information and com-munications technology, aerospace and defence, power generation (renew-able energy), and natural resource extraction are in a position to take advan-tage of new opportunities within these sectors. In addition, the market for agricultural products in the Philippines continues to be robust, with signifi-cant potential for growth within the processed food and beverage sub-sector and franchises.(A. Mediante/Mike Banos)

HSBC is best government securities dealer for 2012

HSBC Philippines bested 37 other banks to become the “best government securities eli-gible dealer” (GSED) for the year. It was cited for the number of Treasury bill and Treasury bond auctions it had partici-pated in as well as for the volume of securities it had been awarded during these auctions. GSEDs are financial institutions that buy and sell securities for their own account or on behalf of clients. They are licensed by the Se-curities and Exchange Commission (SEC) and are allowed to partici-pate in the Treasury’s weekly auctions. “HSBC is very hon-ored and delighted to receive this award. This is a testament to our commitment to work with the government,” said Jose Arnulfo A. Veloso, upcoming HSBC Philippines chief execu-tive officer, during his speech at the awarding rites held at the Ayun-

tamiento in Manila last Tuesday. The Bureau of the Treasury will transfer to the Ayuntamiento from its offices at the Palacio del Gobernador next year. Mr. Veloso is cur-rent ly HSBC’s chief of global and markets operat ions and wi l l head the bank begin-ning Dec. 24. In second place was Deutsche Bank, fol-lowed by the Bank of the Philippine Islands (3rd); BDO Unibank, Inc. (4th); Land Bank of the Philippines (5th); Cit iba n k NA (6t h); Metropolitan Bank & Trust Co. (7th); Stan-dard Chartered Bank (8th); Philippine Na-tional Bank (9th); and Security Bank Corp. (10th). For her part, Nation-al Treasurer Rosalia V.

de Leon, in her speech at the same event, said: “I want to work more with [the banks]. I want to expand the govern-ment’s partnership with all of you (GSEDs).” “In our dollar deals [this year], we had 10 ar-rangers, I don’t mind that as long as we all cooper-ate, we share together one goal... This is more for the government, for the economy and the country. I look forward to when all the GSEDs we work with will be in all the deals we will do in

the future. Big or small, you all contribute to the success of any govern-ment undertaking,” she added. “This year, we saw a lot of offshore investors going to the equities and fixed income mar-kets. We also saw the bid thru rates coming down... that is what the government wants to see from you (GSEDs).” “Nex t yea r. . . le t ’s work together to fur-ther extend our tenors and fund our borrow-ings at a cheaper cost.”

BSP readies guidelines for assessing quality

of bank board decisionsTHE Bangko Sentral ng Pilipinas (BSP) will put in place new guide-lines to help assess the quality of decisions made by bank boards in areas such as anti-money laundering and trust operations. “The rating system for corporate gover-nance has already been approved by the Mon-etary Board and the draf t memorandum on trust banking as-sessment has already been exposed for com-ments,” BSP Deputy Governor Nestor A. Espenilla Jr. said. A mid na rrow i ng margins brought about by low interest rates, banks may take unac-ceptable risks to meet profit goals, according to the BSP. “Business as usual is not going to be good enough in the face of a low interest environ-ment in the foreseeable future, of the potential entry of competitors

in funding and credit, of more demanding standards on customer protection and trans-parency and of more effective and binding r isk-based super v i-sion,” Espenilla said. He sa id t he new guidelines would be similar to the CAMELS rating scheme, under which banks are as-sessed in terms of their capital adequacy, asset quality, management quality, earnings, li-quidity and sensitivity to market risk. The BSP has circu-lated the draft memo-randum order among banks for comment, with implementation scheduled for January 1, 2013. “We already have a draft paper and right now we a re ta k ing comments and sent the heads up that a trust operations risk assess-ment tool is coming their way,” Espenilla said.

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cimagaLa/PAGE 7

Picture of Peace

Cyber Threats

THINK a minute… A king was offering a prize to the artist who could paint the best picture of peace. Many artists from around the country tried. The king looked at all the pictures and there were only two he really liked. But he had to choose between them. One picture was of a calm lake. The lake was surround-ed with peaceful, towering mountains. Above them, was a blue sky with fluffy white clouds. Everyone who saw this picture thought that it was a perfect picture of peace. The other picture had mountains too. But these were rugged and bare. Above

AS the times and the technol-ogy become more complex and sophisticated, so do the crimes. There have been alarm-ing reports of the emergence (and the growing number) of cyber threats to the financial services industry. According to a 2012 study by Norton, a leading secu-rity software company, the number of attacks worldwide have gone up by 42 percent while the cost of global cyber crime has reached US$110 billion annually. “(The) new generation of viruses, worms, Trojans, and spyware has the potential to escalate the amount being stolen from accounts without a hacker’s supervision,” the study revealed. This information is es-pecially important because as of September 30, 2012, 51 banks in the country have proprietary Internet and mo-bile banking systems, while 36 banks have subscribed to

was a dark, angry sky and heavy rain with flashes of lightning. Down the side of the mountain roared a huge, powerful waterfall. It did not look peaceful at all. But when the king looked closely at the second picture, he saw behind the waterfall a tiny bush growing in the crack of the rock. A mother bird had built her nest in the bush. There, in the middle of all the noise of rushing water and scary, thunder-ing skies, that mother bird sat—in perfect peace. Which picture do you think won the prize? The king chose the second picture because He said: “Peace does

not mean you must be in a place where there is no noise, trouble, pain, or pressure from work. The real meaning of peace is to be right in the middle of all those difficult experiences, and still be calm and confident in your heart.” It doesn’t matter what difficult situation you’re in right now. Jesus, the Christ of Christmas and Prince of Peace, loves you. And this Christmas season, even with everything you may be go-ing through, you also can have peace in your heart. If you’ll ask Jesus, God the Son, to forgive you for all your wrongs, and then ask Him to take full control of every

area of your life, every day. He will fill your heart with His power and peace that you can never find anywhere else. Just think a minute…

Lord of history

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Think a minute

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Hints and traces

Speaking out

IGNACIO BUNYE

Bancnet Online to provide Internet services or “act as another gateway.” The tota l number of ATMS and point of sale (POS) terminals deployed has reached 13,109 and 89,253, respectively. According to the Bangko Sentral ng Pilipinas, cardholders now number about 46.7 million. Last September 17, 2012, the Financial Services Infor-mation Sharing and Analysis Center (FS-ISAC) issued a warning to US financial institutions about cyber criminals “using tools such as phishing and spam emails in an effort to hack financial networks and drain online accounts via unauthorized wire transfers.” Just last December 7, 2012, leading global business news and information organiza-tion The Financial Times reported that hackers have stolen more than 36 million euros from more than 30,000 online banking customers in

WE need to realize that there is such a person as the Lord of history. He is the one who orches-trates all the events of the world in the whole length of time since he is the world’s Creator who cannot aban-don his creation. Rather he continues to govern it, since he created it for a purpose. This Lord of history is God who revealed himself to us completely in his Son who became man, Jesus Christ, and who continues to be with us in the Holy Spirit through the Church and through the many in-strumentalities—doctrine, sacraments, hierarchy—that Christ himself put up to keep his presence and action abid-ing in us throughout time. We need to understand that history is not just a product of blind forces nor of chance. It is a manifestation of divine providence that has to contend with our human freedom that can turn things in any which way. We need to understand that history is not just a series of events that we record, with more

or less some logic thrown in to make it acquire some meaning. It is a history of salvation planned by God from all eternity, given birth in time, and developed to-ward its proper end through the twists and turns of hu-man freedom. It is a history whose vital action takes place first of all and always in the hearts of men as they relate themselves to God or not, before it produces repercus-sions in the other aspects of human life: professional, social, economic, political, cultural, etc. So our history is a joint venture between God and us, with us always asked to participate as actively and as freely as possible in the plan of God. God is responsible for our history. He is always in control, knowing what to do in any situation. But we too are responsible. That’s the reason why we need to try our best to get in touch with God always. Every move that we make should be planned and executed always with God. And every incident that comes our way, good

or bad, should be viewed always with God also. That is why it is the saints, from the time of the apostles up to now, more than the political or social leaders and heroes, who have effectively illuminated history. That is why the Church survives in spite of the many grave and serious crises it faced through time. The saints, ever faithful to God’s will and docile to his abiding promptings, and even if their efforts were mostly hidden and hardly recognized, have been the ones who have outlived big empires and powerful ide-ologies. Their contribution went beyond what simply are temporal and worldly. They linked world events to their supernatural end. Like Christ, they did their part always passing through the way of the Cross. That’s how their resurrection, their victory was also assured. That is why, for the world today to successfully face the most subtle and deadly challenges it faces, it needs real saints who are faithful to

God and not afraid to carry the Cross. In today’s world situation, what is needed are saints who know how to grapple with the sophistries of the times not so much by the eloquence of the words as by the abiding testimony of their saintly lives that highlight the spiritual and supernatural realities. As St. Paul put it: “My speech and my message were not in plausible words of wisdom, but in demonstration of the Spirit and of power, that your faith might not rest in the wisdom of men but in the power of God.” (1 Cor 2,4)

Throughout September and October, 2012, a number of big banks in the United States suffered distributed denial of service (DDOS) attacks on their websites. A radical Muslim group protesting the production of a short film mocking the Prophet Mohammad claimed responsibility for the attacks. Philippine government websites also suffered de-facements from hacktivists (hacker-activists) who want-

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In feng shui, 2013 is ‘best time to start over’

IF you are p l a n n i n g t o c h a n g e careers, put up a business or end a relationship, do it before the start of the Year of the Water Snake to have the most luck, according to a feng shui expert. Citing her analysis of feng shui charts, Marites Allen said the Year of the Water Snake, which begins on February 10, 2013, is the best time to start a new life. “[The Year of the Water Snake] is something like a reset button,” Allen, who is now based in the United Kingdom, said in a press briefing during her visit to Manila. “If you want to start with a new career, this is the year,” she added. “If you ask me, I’m back to zero all over again. I started Frigga (her feng shui-inspired clothing line). It’s a reset button for everybody.” Allen said good things are expected to come in the Year of the Water Snake, as compared with the “not-so-lucky” Year of the Water Dragon since the coming year has “a complete set of elements.” “Things will be very good because it has the presence of two wood elements, two water, two earth, a metal and a fire. So this is a complete set of elements,” she explained to members of the media as she points to a feng shui illustration. “We are hoping to go through a better time

after so many years of [hard-ship].”

She also mentioned that following things that people should watch out for during the Year of the Water Snake: Water disasters and fight-ing can have some impact in the general scene. Younger generation will be governing this year Clever people will reign su-preme over powerful people Friendly alliances can take place, not only within the Philippines but also in other countries Technology will bring more people together

‘Lucky’ animal signs Referring to the “f lying star” chart, a discipline in feng shui that analyzes posi-tive and negative auras, Allen also announced the “lucky” animal signs for the Year of the Water Snake. She said those who were born in the Year of the Ti-ger and the Year of the Ox will gain wealth-related luck during the Year of the Water Snake. Dragons and Snakes, on the other hand, are seen to be lucky in issues related to love, romance and educa-tion next year.

Figures showing a tiger and a rabbit

“Pwede nang magpak-asal,” Allen said of those born in the Years of the Dragon and Snake. Other “ lucky” animal signs include the Horse, which is seen to have more

Germany, Italy, Spain and the Netherlands “using a new two-stage Trojan virus.” In addition to these, in-formation technology (IT) experts from Trend Micro, Inc., a Japan-based security company, have observed that cyber criminals are moving to the Asia Pacific because 46 percent of internet traffic emanates from this region. The Asia Pacific region, according to Trend Micro, registers 2.9 billion mobile subscribers. This observation was further supported by Rus-sian internet security firm Kaspersky Labs, which pre-dicted that Southeast Asia “will be one of the most vulnerable regions in the world to cyber attacks, with criminals taking advantage of rising incomes and growing online banking activities in countries like the Philip-pines.” Cyber threats have also become politically motivated. bunye/PAGE 7

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Bunye...from page 6

2,4) This does not mean that we don’t study the doctrine of our faith, but we need to see to it that such study truly redounds to a palpable sanctity that is always ac-companied by the zeal to do apostolate, the best sign of Christian love one can have toward others. It is in this way that we can expose the lie behind the deceptive sophistries of our times like relativism, rationalism, athe-ism, agnosticism, material-ism, exaggerated forms of spiritualism that downgrade the objective value of the material world, etc. These are what ail the modern world, an ailment that is not anymore consid-ered as such, but rather the opposite, as a kind of libera-tion, enlightenment and the like. One is truly sick when he insanely considers his illness as his health and power. The Lord of history is doing his part, and provides us with everything we need. It’s us who need to correspond.

Cimagala...from page 6

we use the four pillars chart of the year, ibig sabihin ‘yung date of birth of the person, the flying stars, meaning ano ‘yung mga maswerte at ‘di maswerteng lokasyon, and even our own astrological signs,” she explained. “Hindi po kami mang-huhula. Kunyari, sino po ang mananalo. You have to give us time,” she added. “We cannot simply say them straight. We have to do the analysis kaya sana in the future when you come and see us, you give us time to analyze. Hindi pwedeng bigla-bigla, kasi those who do that, hula hula lang ‘yan.”

Three types of luck Allen warned, however, that Filipinos should not focus too much on feng shui as there are two other things that affect a person’s luck. She said feng shui falls un-der the “earth luck” category as it helps attract positive energy and deal with nega-tive energy. The other two are “heaven luck” and “human luck.” “I always explain that there are three types of luck. The first one-third is the heaven luck… This is some-thing that is God-given and cannot be changed. “The second one-third is what you do to yourself (human luck), a result of your actions and decisions. If I am lazy, nobody is going to put food on the table. “The final one-third is what we call the earth luck. This is what feng shui is all about.” While a lot of Filipinos do not believe in feng shui, many of them prefer to be on the safe side by adhering to its principles, buying trinkets and other “lucky” items for themselves and their homes. Others, meanwhile, opt to respect the ancient Chinese system the same way that believers do not criticize their Catholic faith.

2013...from page 6

wanted to “shout” their opin-ions on the Scarborough Shoal and the controversial Anti-Cyber Crime Law. The BSP, for its part, has plans to coordinate with banking industry associa-tions and IT security experts to tackle the seriousness of these cyber threats and the necessity for effective busi-ness continuity plans. There is indeed a need to be especially vigilant in light of all these threats. Aware-ness is key to successfully combat this modern global menace.

* * * My book, Central Bank-ing for Every Juan and Maria is now available at Fully Booked, Bonifacio High Street, Bonifacio Global City. To reserve your copy, please contact 858-7000 or 858-7036. You may e-mail us at totingbunye2000@gmail.com.

“prosperity”; the Rat, pre-dicted to get the energies of the “white star,” which is associated with overall suc-cess; and the Dog and Boar, said to have better “heaven luck” or karma. On the other hand, Al-len said the Rabbit, Rooster, Sheep and Monkey will not be as fortunate during the Year of the Water Snake. She said those born in the Year of the Sheep and the Year of the Monkey are more likely to suffer from illness; the Rooster may tend to get more violent; and the Rabbit may get into more arguments next year. Meanwhile, Allen stressed that she cannot instantly give individual predictions with-out enough data, reacting to questions from the media and guests about their own fortunes. “Hindi po siya basta-bas-ta. It comes with analysis so

at a rate of 95.3 percent, up by 0.4 percentage points from the 94.8 employment rate in the same period last year, he said. This resulted to a 0.4 percentage point decline in the region’s unemployment rate, from 5.2 percent last year to 4.7 percent this year. Underemployment rate also fell by 1.9 percentage points, from 22.3 percent to 20.3 percent. In absolute terms, the number of workers who ex-pressed their desire to earn more income either by ad-ditional work hours or jobs dropped by about 19,000 from 426 million in July 2011 to 407 million a year after, Clarete said. According to him, the positive development may be due to a shift in employment growth from agriculture sector to the services sector. He said the services sector, which offers higher labor pro-ductivity than agriculture, is now the region’s biggest employer engaging more than one million workers. Year-on-year, employment in the services sector went

Labor...from page 1

business group. “We aim to do this by ensuring effective information sharing and technology transfer.” Oro Chamber Sec. Gen. Lordilie Enjambre said the initial undertaking planned under the agreement is a Canadian Business Forum planned for early next year. As the organized rep-resentatives of business to support, protect and promote their respective business in-terests, this can be enhanced by the establishment and strengthening of cooperation between the two chambers, the agreement reads in part. According to Wikipe-dia, there are now around 400,000 Filipino Canadians in Canada, making them the third largest Asian Canadian group after the Indian and Chinese communities. They are also the largest Southeast Asian group in the country. Between the years of 2001 and 2006, the Filipino community in Canada grew from 308,575 to 410,695 or a growth of about 33%, compared to the rest of Canada, which only grew, by about 5%. On average, Canada received about 20,500 Filipino im-migrants every year from 2001 to 2006. Assuming this growth rate continued, the Filipino-Canadian populace was expected to hit 500,000 by 2010. In 2010, the Philippines were the largest source coun-try for immigrants to Cana-da. There are approximately 7,500 Canadians residing in the Philippines. The Philip-pines is now Canada’s main supplier of skilled immi-grants, with over 500,000 Filipinos already working across Canada.

Agreement...from page 1

up by 94,000 while that in the agriculture and industry sectors declined by 5,000 workers and 4,000 workers, respectively.

Tota l t rade bet ween the two countries reached C$680.14 in the f irst six months of 2012, and totalled C$1.456 billion for the whole of 2011, according to the Asia Pacific Foundation of Canada. In 2011, Canadian merchandise exports to the Philippines were valued at CAD $554.6 million, while Canadian imports from the Philippines stood at CAD $915.8 million. Just last month, Xin-hua news agency reported President Benigno S. Aquino III and visiting Canadian Prime Minister Stephen Harper agreed to further increase trade between the two countries. At a joint press meeting after their bilateral talks, both leaders stressed the importance of raising bilateral trade, which reached about $1.5 billion in 2011. “Our government is tak-ing actions to aggressively expand commercial relations with the entire Asia Pacific region. We’re doing so to help create jobs, economic growth and a better quality of life both in Asia and in Canada,” Harper said. “The Philippines has thus become an important eco-nomic partner for Canada. In 2011, bilateral trade reached nearly $1.5-half billion. Our hope is to build on this strong and expanding commercial relationship,” the Canadian leader added. “We look forward to in-creasing trade and invest-ment with Canada,” Aquino said in response. Canada’s trade and in-vestment relationship with the Philippines spans many sectors. Canadian companies with expertise in informa-tion and communications technology, aerospace and defence, power generation (renewable energy), and natural resource extraction are in a position to take advantage of new opportu-

nities within these sectors. In addition, the market for agricultural products in the Philippines continues to be robust, with significant po-tential for growth within the processed food and beverage sub-sector and franchises.

The hydro company’s practices and compliance with environmental policies earned another Seal of Ap-proval from the DENR pursu-ant to the latter’s Philippine Environment Partnership Program or PEPP. The company is also ISO-certified for its Environment Management System. Hedcor is a wholly-owned subsidiary of AboitizPower. It has 19 hydropower plants in Benguet, Ilocos Sur, Davao City and Davao del Sur with a total capacity of 155 mega-watts. (Hedcor)

Reforestation...from page 2

growers’ associations at the community to regional level to have stronger links with assemblers, traders and ex-porters. The participants formu-lated resolutions seeking to address issues such as: assistance on soil and leaf analysis for more efficient use of fertilizers; promotion of cost-efficient processing technologies; and activation of local mango associations to directly supply institutional markets. Ellen Lantican, DA-12 regional high-value crop specialist, told growers there were more or less 16 power sprayers and flower inducers’ equipment for distribution to mango growers’ associations in the region. Centra l Mindanao is comprised by the provinces of Cotabato, South Cota-bato, Sultan Kudarat and Sarangani and the cities of Cotabato, Tacurong, General

Mango...from page 8

enable agri-fishery based producers to develop their products and enable them to compete in both local and international markets. Furthermore, the ADC has an Export Showroom which provides a venue for small and medium agri-entrepreneurs and processors to promote and market their products that are of export quality. It also has an Activ-ity Center which showcases products that are for market testing and linkage. The ADC also participates in international trade fairs and selling missions which also spurs interest among potential buyers then provid-ing better opportunities for agri- entrepreneurs to ex-pand their market by directly linking them with potential buyers and investors locally and internationally. With the ADC services revealed, it is expected to maximize the opportuni-ties being offered. For more information of ADC services they can be reached through their email address agri.adc@gmail.com or through their contact numbers (02) 928-8751 to 65 local 2173-75; 929-1718. # (VANESSA MAE S. SIANO, DA-RAFID 10)

Products...from page 8

Santos and Koronadal. The Bureau of Agricul-tural Statistics showed that in 2011, Cotabato led the region in mango production with at least 28,528 MT. South Cotabato followed with 16,620 MT; Sarangani with 4,917 MT; and Sultan Kudarat with 2,269 MT. Ms. Datukan said in a statement the region account-ed for 6.6% of the national mango production and 24% of Mindanao’s total mango production.

Aggie News8 Monday-Tuesday I Dec. 31-Jan. 1, 2013 BusinessWeek www.businessweekmindanao.com

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Supplier sa G-Melina nga kahoy para sa TARIMA

nga pididos-nakdawon.TAWAG LANG SA :

0923-574-6103Republic of the Philippines

REGIONAL TRIAL COURT MISAMIS ORIENTAL 10TH Judicial Region

Branch 18 Cagayan de Oro City

IN THE MATTER OF THE CANCELLATION OF SPEC. PROC. CASE NO. 2012-068 AND CORRECTION OF ENTRIES IN THE BIRTH CERTIFICATES OF MINORS HONEY PIE GASPAY ESTRADA, JENNIFER GASPAY ESTRADA AND JERILLE GASPAY ESTRADA, AURORA BATICA GASPAY and JERRY O. ESTRADA, Petitioners, VERSUS THE CIVIL REGISTRAR OF CAGAYAN DE ORO CITY,

Respondent x__________________________________x

O R D E R

The instant Amended Petition filed by the petitioners, Aurora Batica Gaspay and Jerry O. Estrada (hereafter petitioners), seeks the correction of the entries in the following:

From : To: The Date and Place of Marriage Parents in the Certificates of Live Birth of Honey Pie Gaspay Estrada, Jennifer Gaspay Estrada and Jerille Gaspay Estrada:

“ January 15, 1993,

Southern Leyte”

“None”

Date of Birth of Honey Pie Gaspay Estrada:

“October 17, 1997”

“October 27, 1997”

Mother’s Maiden Name in the Certificates of lo Live Birth of Honey Pie Gaspay Estrada and Jerille Gaspay Estrada:

“Rory Batica Gaspay”

“Aurora Batica Gaspay”

Finding the Petition to be sufficient in form and substance let the initial hearing of this case be set on March 27, 2013 at 8:30 in the morning before this Court let a copy of this ORDER be published at the expense of the petitioner, once a week for three (3) successive weeks in a newspaper of general circulation in Cagayan de Oro City. Respondents Local Civil Registrar of Cagayan de Oro and the National Statistics Office and any person having or claiming any interest on the entry whose correction is sought may within fifteen (15) days from notice of this ORDER or from the last date of publication thereof. File their opposition/comments and appear at the scheduled hearing. Furnish copies of this ORDER, together with the Petition and its annexes, to the Office of the Local Civil Registrar of Cagayan de Oro, the Office of the Solicitor General and the National Statistics Office, Manila. SO ORDERED December 3, 2012 Cagayan de Oro City

Dennis Z. Alcantar Presiding Judge

BWM: Dec 24, 31 2012 & Jan 7, 2013

laboratories in the region that would serve the industry’s testing needs. The meeting was attended by 15 mango grower-produc-ers, contractors, traders and academic researchers. Rex A. Rivera, agrono-mist and an advocate of organic farming, suggested that growers should not rely on mango alone through mono-cropping system. He recommended intercropping and organic mango produc-tion. He also suggested that mango farmers organize

Problems in mango production flaggedKORONADAL -- Low financial returns due to the high cost of agricultural inputs and the absence of regional or local producers’ as-sociations that will help oversee the industry, were the major issues identified by mango industry stakeholders in Central Mindanao in a consultation held last week. The meeting was orga-nized by the Department of Agriculture’s Region 12 (DA-12) through its High Value Crops Development Program. Amalia J. Datu-kan, DA-12 director, said Central Mindanao ranked sixth nationwide in mango production in 2011 with a total production of 52,183

metric tons (MT), thus the department is determined to strengthen the industry. Additional issues aired out by the stakeholders included, among others: excessive use of pesticides and fertilizers by some grow-ers; insuff icient produc-tion equipment; influence of middlemen; and absence of

Kalen Sarmiento, Marketing Officer of the Agribusiness Development Center ex-plains it would help small and medium food processors entice more potential buyers in the local and international markets to patronize their products during a Market Forum held in Cagayan de Oro City on December 18, 2012.

ADC pushes market devt for agri-based products

IN accordance with its func-tion of promoting agri-based products in the local and international markets the Department of Agriculture – Agribusiness and Marketing Assistance Division (DA-AMAD) conducted a market forum with local small and

medium agricultural product processors in Region 10 on December 18, 2012. The forum serves as an information campaign on the services being offered by the Agribusiness Development Center (ADC). The ADC is under the

Agribusiness and Marketing Assistance Service (AMAS) which serves as a one stop information shop for agri-business stakeholders as to market and price updates. The center also conducts training services that will

DA-10 commends best implementer of GSPPMr. Crisanto P. Laurosa (top right), Gingoog City Division GSPP Coordinator is recognized as the best implementer of the Gulayan sa Paaralan Project (GSPP), which was handed to him by GSPP Regional Reports Officer Glenn A. Janubas (top left) during the project’s regional annual assessment on December 20, 2012 at De Luxe Hotel, Cagayan de Oro City . The Department of Agriculture-10 (DA-10) lauded his efforts in inculcating the value of planting and eating vegetables among school children. He promptly and consistently provides the agency with updates on the development of the project implementation, reaching the one hundred percent target of established school gardens for 2011 and 2012 beneficiaries. Recently, he launched a project in the Schools Division of Gingoog City called “Plant and Eat More Vegetables Everyday” (PEMVED). The project supports GSPP’s cause in eradicating malnutrition as well as in generating additional source of income for the school and the community. For 2013, GSPP targets to establish vegetable gardens in 815 public elementary and secondary schools in the region. # (VANESSA MAE S. SIANO, DA-RAFID 10)

mango/PAGE 7

Products/PAGE 7

Republic of the PhilippinesCITY SOCIAL WELFARE

AND DEVELOPMENT DEPARTMENTCity Hall, Cagayan de Oro City

Tel. Nos: 724839 / 858-6325 / 723840 or 8574281 loc. 308

PANAWAGAN

Ginapanawagan ang mga guinikanan o mga paryente sa usa ka bata nga babaye nga karon nagpangidaron ug tulo (3) ka tuig ug unom (6) ka bulan, nga niad-tong Mayo 28, 2009, alas 6:00 sa buntag napalgan ni Dorris Caturan atubangan sa gate sa panimalay sa magtiayon nga Peregrino ug Eunice Ruth Vitorillo, diha sa RER, Block 13, Phase 1, Kauswagan Cagayan de Oro City. Kasamtangan ang bata bag-o pa natawo nga guiputos sa Malong guibutang duol sa basurahan sa Vitorillo residence. Palihug pag-anhi sa buhatan City Social Welfare and Development, City Hall, Cagayan de Oro City aron pagahisgutan ang kahimtang sa bata. Pakigki-tai lang si Meriam C. Caducoy and handling Social Worker o tawag sa Telepono numero 858-63-25.

Kung kinsa kadtong nakabati nga silingan o kaha mga kaparyentehan palihug sa pagpahibalo sa mga hingtundan aron sila makigkita sa among buhatan.

Magpaabot kami ug Daghang Salamat.

Ang nagpasibya,

MERIAM C. CADUCOY Social WorkerBWM: Dec. 31, 2012

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NNC hoists ‘Green Banner’ and Outstanding Barangay Nutrition Scholars in regional nutrition awards

11Monday-Tuesday I Dec. 31, 2012-Jan. 1, 2013BusinessWeek www.businessweekmindanao.com

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Feature 11 www.businessweekmindanao.com MINDANAO

The success of the local government units inspires Nutrition Program Coordi-nator Zenaida T.Tondares to already look forward to the year ahead in her wel-come speech ““next year, hopefully, it will be a good year for us at the national level... based on the good performances of these lo-cal government units, we will have two candidates for CROWN awards, one for City level and one for provincial level” The recipient LGU of the Green Banner Award for three consecutive years is automatically recom-mended by the Regional Nutrition Committee to be awarded the Consistent Regional Outstanding Win-ner in Nutrition (CROWN) award by the NNC at na-tional level. Tondares also pointed out the importance of the nutrition advocacy, “to make the most of the event that we have today, we have an opportunity to introduce to everyone the Regional Ten Revised Nutritional Guidelines for Filipinos (NGF), which will be our commitment for nutrition advocacy from this time on... we are also organizing our media group, so that we will have a potent advocacy group who can partner with us strongly in promoting good nutrition.” The media group is dubbed as the Media Advocates for Nutrition in Governance [MANGO DIEZ]. Keynote speaker, Director Aristides Concepcion Tan, the Regional Director of the Department of Health Region10 and Chairman of the Regional Nutrition Committee (RNC) X recog-nizes the importance of the Regional Nutrition awards in his opening statement, ““this occasion is really appropriate to recognize the outstanding perform-ers in the implementation of nutrition programs in their own respective areas” Director Tan adds that “the Millennium Devel-opment Goal number one which is the eradication of poverty and extreme hun-ger… prolonged hunger by

nature will lead to malnu-trition, and malnutrition is considered one of the main factors leading to illnesses, in short malnutrition is the root cause of health problems” Tan also inspires everyone with his statement: “nutri-tion is very important at the first stage of life”. He also further empha-sized that in giving proper nutrition at this stage of life, Filipinos will have low risk having lifestyle diseases. The awarding ceremony was also graced by Con-gressman Maximo Bautista Rodriquez Jr. of ABANTE MINDANAO party list. Congressman Rodriguez pointed out the need for additional incentives for Barangay Nutrition Scholars (BNS) and Barangay Health Worker (BHWs) and com-mitted support to pertinent efforts along this line in the incoming years (2013) for the region. National Nutrition Coun-cil Region 10 presented this year’s Green Banner Award-ees (GBA) as a result of the Monitoring and Evaluation of Local Level Plan Imple-mentation 2012 conducted by the inter agency Regional Evaluation Team (RET X). Misamis Oriental grabs the GBA for the Provin-cial Level; Valencia City in Bukidnon takes home the GBA for the City Level, and Maramag, Bukidnon for the Municipal Level. The NNC X’s Green Ban-ner Award is also given to the Barangay Level start-ing off with the Province of Misamis Oriental. The City of Gingoog is honored through Brgy.Kibuging, Brgy.Talisay, Brgy.Lunao, and Brgy. 19; also awarded to Brgy.Dinagsaan of the Municipality of Salay, Brgy.Malanang of the Municipal-ity of Opol, Brgy.Katipunan of the Municipality of Vil-lanueva and three from the Municipality of Balingasag namely: Brgys Poblacion 1, Mandangoa and Binitinan. The list of Green Banner Awardees for barangay level continues with Valencia City, Bukidnon- Brgys Con-cepcion, Laligan, Tugaya, San Carlos, and Nabag-o,

By SHAUN ALEJANDRAE YAP UY of The Cagayan de Oro TIMES

The National Nutrition Council Region 10 held the Regional Nutrition Award-ing Ceremony,December 21, 2012 at

Grand Caprice Restuarant, Limketkai Center, Lapasan Cagayan de Oro City.

Bukidnon-Municipality of Maramag. Special awards were also presented to the city of Ozamiz for having garnered the 2nd year CROWN main-tenance award at national level and municipality of Opol, Misamis Oriental for having the 1st year CROWN maintenance award also at national level for 2012. Eight (8) contenders in the Search for Regional Outstanding Barangay Nu-trition Scholars (ROBNS) were also awarded with cash and plaques, 1st Ms Arlyn C.Bongcas of Brgy. 1,Malaybalay City; 2nd Ms Maricel F.Oca of Carangan,Ozamis City; 3rd Ms Paciana B.Dombase of Concepcion, Valencia City; 4th Ms Serina Saw-ig of Dinagsaan,Salay,Misamis

O r i e n t a l ; 5 t h M s G e m m a O . L i g a n o f Pa n a l s a l a n , Ma r a m a g , Bukidnon; 6th Ms Marites A.Logong of Kibuging, Gingoog City ; 7th Ms Marife Mag-usara of Sta. Cruz,Tangub City; and 8th Ms AnnalleeMacabenlar of Agusan, Cagayan de Oro City. The success of the event was capped with the launch-ing of the NNC’s media advocacy group MANGO DIEZ where selected mem-bers of the Cagayan de Oro media affixed their sig-natures in the unveiling of revised 10 Nutritional Guidelines for Filipinos (NGF) to signify their com-mitment in promoting the NNC’s nutrition advoca-cies and programs in local governance.

Malabalay City’s Brgys 1, 4, 10, Sto.Niño and Patpat. Also in Bukdinon, the Municipality of Maramag produced three awardees: Brgys Panalsalan, North Poblacion and Danggawan. The Municipality of Manolo Fortich Brgys: Dahilayan,

Sankanan, and Mantibugao. For Municipality of Pangan-tucan: Brgys Concepcion and Madaya. The Provincial Green Banner Awardees are Prov-ince of Misamis Oriental-for the Municipality of Salay, and the Province of

12 Monday-Tuesday I Dec. 31, 2012-Jan. 1, 2013 BusinessWeek www.businessweekmindanao.com

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2013 BOARD OF TRUSTEES

PresidentEFREN T. UY

New Cagayan Universal Hardware

VP for Agriculture, Fishery & Mining SectorERIBERTO “BANS” P. GUALBERTO

UltraFarm

VP for Business Support Organization SectorEDUARDO B. ALABA

Drugstore Association of the Philippines

VP for Manufacturing and Industry SectorJAIME RAFAEL “RALPH” U. PAGUIO

CEPALCO

VP for Trade and Commerce SectorANTONIO D. UY

Music Vision

VP for Services SectorJEFFREY T. ANG

Max’s Restaurant

TreasurerEDMUNDO R. CHAVES, JR.

Red Palm Inn

Corporate SecretaryATTY. ZOILO A. VELEZ

RC Narc

Congratulations and more power to the

Greetings from

4th General Membership Meetingcum

Induction of 2013 Chamber Officers and Christmas PartyDECEMBER 27, 2012

GRAND CAPRICE RESTAURANT

Cocktails & Fellowship at 5:30 P.M. | Program proper at 6:00 P.M.

Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc.