businessweek mindanao (january 25-26, 2013 issue)

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Market Indicators

US$1 = P40.62 6,092.53 pointsX

FOREX PHISIX

AS of 5:55 Pm jAn. 23, 2013 (Wednesday)

X1

cents0.20

points

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

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

P15.00Issue No. 155, Volume III • January 25-26, 2013Friday-SaturdayCagayan de Oro City

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G R E E N R E S I D E N C E S I N C d O

Senate approves Cdo’s bill for reforestation

By BONG D. FABE , Correspondent

“We are happy that this bill was finally approved since we really need to immedi-ately reforest our public land to prevent another f lood from happening again and kill thousands,” Rep. Rufus Rodriguez told the BusinessWeek Mindanao. House Bill 1398, authored by Rodriguez, authorizes the Environment department to reforest 3,000 hectares of public land in this capital city of Northern Mindanao. The Senate, which received the bill on August 10, 2011, approved it only last Monday (January 21). Rodriguez filed the original version of the bill (HB 5880) in 2009 during the 14th Congress but it failed to pass due to more FIRE OUT. Residents try to salvage what is left of their homes after a 30-minute fire razed down ten houses in

Brgy. 17, Burgos St. Cagayan de Oro Wednesday afternoon. photo by rolando sudaria

San Franz dads give in to traders’ plea

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

By CHRIS V. PANGANIBANBureau Chief

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

MinDA tackles power concernsDAVAO City -- The Mind-anao Development Author-ity (MinDA) in coordina-tion with the Department of Energy (DOE), together with the power industry

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

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

THE Senate approved on third and final reading the bill reforesting 3,000

hectares of public land here, al-most two years since the House of Representative passed such measure.

Economy2 Friday - Saturday I Jan. 25-26, 2013 BusinessWeek www.businessweekmindanao.com


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

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

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

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

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

ARMM provinces get funds for socio-economic projects

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

COTABATO City -- As promised by President Be-nigno S. Aquino, more funds for socio-economic projects in the impoverish commu-nities of the Autonomous Region in Muslim Mindanao (ARMM) have been released. Each of the five ARMM provinces received on Tues-day an initial tranche of more than P10 million from the Transition Support Invest-ment Plan (TISP) for local fisheries and agricultural projects. These projects were in-tended to improve the lives of farmers and fisherfolks in remote areas in the au-tonomous region. Generally, the TISP aims to improve living conditions in poor or underdeveloped communities in the autono-

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

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Toyota Philippines unveils the all-new 2013 RAV4

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

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

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

Corporate.World4 Friday - Saturday I Jan. 25-26, 2013 BusinessWeek www.businessweekmindanao.com


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

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

through the Institute of Agriculture addressing technology dissemination and commercialization among the farmers in the province. This training on mush-room technology transfer is carried out in 4 sessions at 2 hours per session (Janu-ary 25, February 1, 8, and 15, 2013 at 10:00 to12:00 am) which will be held at the IA eroom. Dr. Chang, Hyun-You, an expert on Mushroom Technology from Korea National Col-lege of Agriculture and Fisheries, South Korea and also the KOICA project team leader on Mushroom Technology Transfer will be the resource speaker. KOICA-COAID wil l

KoICA-CoAID, moSCAT to hold training on mushroom

production technology

FOR YOUR ADVERTISEMENTS PLACEMENTS CONTACT

provide mushroom cultivation book (160p volume), lunch (refreshments), gift (shirts with collar) and certificate to the participants with perfect attendance. The topics will deal largely on ‘How to make money through mushroom cultivation’ for Claveria community. Participants who will be invited are limited to only forty (40) which will be composed of MOSCAT faculty, students, agricultural technicians and farmers who are interested on mushroom cultivation. KOICA, the funding agency, is a government organization in Korea under the Ministry of Foreign Affairs and Trade, engaged in international development cooperation by providing material and physical aid to reduce poverty and achieve sustainable de-velopment. The COAID, the implementing agency and a subsidiary institution of Chun-gbuk National University in Korea, implemented programs and projects in the developing countries like the Philip-pines, focusing on major program areas on rural development, environment and climate change. This project covers the implemen-tation of the technology transfer on commercial mushroom production and organic fertilizer production in Claveria Experiment Station and MOSCAT for period of 9 months (from November 3, 2012 to August 3, 2013) and subject for extension for another one year based on the performance of the project and subject for the approval of funding sup-port from KOICA.

CAGAYANTIMESThe

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Banking & Finance 5Friday-SaturdayJan. 25-26, 2013



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

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

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

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

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

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

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

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

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

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

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

P400 million will be allo-cated to fund their capital-expenditure requirements. The PBB will invest P50 million in opening branch-es in the cities of Makati, Mandaluyong, Pasay, Pasig and Quezon within the first quarter of 2013. It will also invest another P50 million to open branches in the cities of Caloocan and Marikina, as well as Pateros town; Zambo-anga City; Tuguegarao City, Cagayan province; Cauayan City, Isabela province; Bu-tuan City, Agusan del Norte province; Tagum City, Davao del Norte province; Tacloban City, Leyte province; and Kalibo town, Aklan province within the second and third

quarters of the year. The bank estimates that it would invest P100 million in improving its IT infra-structure system, such as its current account and savings account/general ledger, trea-sury and loan-management systems, as well as in upgrad-ing its servers, in the fourth quarter. The PBB will also spend P200 mil l ion to acquire branch licenses in the cit-ies of Caloocan, Malabon, Navotas and Valenzuela; central and southern Luzon; the Visayas; and Mindanao in the same quarter. It will invest the net pro-ceeds in short-term demand

Legacy ‘depositors’ fail to show up for estafa complaint, says PDIC

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

baNk/PAGE 7 estafa/PAGE 7

Republic of the PhilippinesREGIONAL TRIAL COURT

10th Judicial RegionBranch 42

Medina, Misamis Oriental-oOo-

Rural Bank of Balingasag (Mis. Or.) Inc. as rep. CIVIL CASE NO. 349-Mby it’s Manager Calvin Cezar D. Emata mortgagee FOR: -versus- Extrajudicial Foreclosure of Real Estate Mortgage Under Act 3135, As Amended by ActSPS. URBANA & SULPICIO CARMONA, 4118 mortgagors.X-----------------------------------------------------/

sHeriff’s NotiCe of eXtraJudiCial sale

Upon extrajudicial petition for sale under Act 3135, as amended by Act 4118, filed by the rural bank of balingasag (Mis. or.) inc. as rep. by it’s Manager Manager Calvin Cezar d. emata mortgagee, against sps. urbaNa & sulpiCio CarMoNa, mortgagors, with residence and postal address at buko, kinoguitan, Misamis Oriental, to satisfy the indebtedness of the mortgagors to the former in the amount of four HuNdred forty two tHousaNd & 00/100 (p442,000.00) philippine Currency, representing the principal and interest due excluding penalties, 10% attorney’s fees and other liquidated damages as of september 30, 2012 plus all other expenses incurred in connection with this petition and sale, the undersigned RTC-OCC Sheriff ’s sell at public auction on february15, 2013 at 10:00 o’clock in the morning or soon thereafter at the Hall of Justice, rtC-oCC , Medina, Misamis oriental to the highest bidder for cash and in Philippine Currency, the following property with all improvements thereof to wit:

oriGiNal CertifiCate of title No. p-16217(lot No. 1053, Cad-820-d, C-2)

A PARCEL OF LAND, situated in the barrio of Buko, Municipality of Kinoguitan, Province of Misamis Oriental, Island of Mindanao. Bounded on the NE., along line 4-5, by Lot 1054; on the SE., along line 5-6 by Lot No. 1448; along line 6-1, by lot 1457; and on the SW., along line 1-2, by lot no. 1043; on the NW., along line 2-3 by lot no. 1052; and along line 3-4 by Lot 1055. All of Cad 820-D. Beginning at a point marked “1” on the plan being N. 61 deg. 41’E., 1939.99 m. from BLLM No. 1, Cad-820-D Kinoguitan Cadastre thence: N. 56 deg. 35’W., 76.16 m. to point 2; N.54 deg. 45’E., 70.44 m. to point 3; N. 49 deg. 18’E., 68.95 m. to point 4; N.44 deg. 13’E., 69.94 m. to point 5; N. 34 deg. 40’W., 20.06 m. to point 6; N.53 deg. 54’W., 103.44 m. to point of beginning containing an Area of Nine Thousand Four Hundred Five (9,405) Square meters more or less. All points referred to are indicated on the plan and marked on the ground. In the event of failure of bidding or auction sale cannot take place for whatever reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective bidders/buyers may investigate for themselves the title and tax declara-tion herein above described and encumbrances thereon, if any there be. Medina, Misamis Oriental, January 07, 2013.

(Sgd.) alfraN a. MabeliN RTC-Br. 42, SHERIFF IV

Copy furnished:Mr. Calvin Cezar D. Emata- Manager of Rural Bank of Balingasag, Balingasag, Mis. Or. SPS. URBANA & SULPICIO CARMONA- Buko, Kinoguitan. Mis. Or.

BWM: Jan. 25, Feb. 1 & 8, 2013

Opinion6 Friday-Saturday I Jan. 25-26, 2013 BusinessWeek www.businessweekmindanao.com


buNye/PAGE 7

What to think of success

FR. ROY CIMAGALA

Hints and traces

Banks: The need to save(Conclusion)

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

Divorce and question marks

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THERE are a good number of not only elementary but also concrete questions that come to mind when rather close allies of Malacanang especially in the Legislative Department as well as from the secular and/or ideo-logical sectors of society, are earnestly and repeatedly batting for the institution of divorce in the Philippines. They use al l known and possible media outlets to speak and promote divorce so that people by and large become used to it, be at ease with it and eventually like and affirm it as a fact of life. If and when divorce be-come a reality, then change the Phil. Constitution and revise the Family Code of the Philippines in order to accommodate divorce – contrary to their respective defining provision about the nature of marriage. In substance, the rea-sons usually given are the following: One, it is only in the Philippines that there is no divorce when all other countries in the world have it long since. Two, it is time to be realistic and practical in addressing the matter of marriage and divorce as a realistic and practical pair-ing. Three, there are more marital separations in the country to thereby less and less marriages therein. Four, it is so expensive to obtain Civil Annulment such that only the rich can have it while cheap divorce could be readily obtained even

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

Cruz/PAGE 7 CiMaGala/PAGE 7

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

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

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

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

JHAN TIAFAU HURST

Think a minute

Speaking out

IGNACIO BUNYE

Viewpoints

ARCH. OSCARV. CRUZ (Ret)

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

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

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

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

help small businesses to grow and thrive, and ultimately promote the country as a favorable place for doing business. •Protection—Banksarehighly regulated institutions, according to FCAG. The biggest safety net that you have with your bank savings comes from the Philippine Deposit Insurance Corpora-tion, which insures savings of up to P500,000. “Further, be secure knowing that the BSP, as the supervisor of all banks, continues to formu-late policies and institute controls that protect clients and their money from over-profiteering or erring bank-ers,” the FCAG emphasized. We should also be aware that there is an existing Memorandum of Agree-ment between the Bangko Sentral and members of the Bank Marketing Association



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

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

7Friday-Saturday I Jan. 25-26, 2013BusinessWeek www.businessweekmindanao.com


Traders...from page 1

Power...from page 1

Bill...from page 1

need for the immediate pas-sage of the bill since reforesta-tion will protect the city, its people and the environment from f lashf loods. He said that recent ty-phoons and weather dis-turbances that had lashed Mindanao in recent weeks are enough reasons for the urgent passage of the bill. Kagay-anons are now wary of rains and typhoons after the Sendong experi-ence. And rightly so given that 28 percent of the city’s land area of 13,962 hectares where most of the residents live is a narrow coastal and flood plain, while 72 percent is situated on rolling to steep terrain. Of the city’s total land area, 5,251 hectares or 38 percent is classified as tim-berland in barangays Cug-man, FS Catanico, Tablon, Balubal and some parts of Agusan and Macasandig. Of the total timberland area of the city, only 1,809.43 hectares of 34.46 percent is with tree or forest cover. And almost all of the tim-berland areas of the city are fully covered with tenurial instruments such as ISF, IFMA, CBFMA and FLGMA which explains why only a small percentage of the timberland areas have forest cover remaining. “Forest mitigates climate change. Forests, whether natural or man-made, ab-sorb the impacts of climate change through sequestration of carbon dioxide, intercept rainfall and channel the rainwaters to underground storage, thus minimizing the occurrence of f lashf loods and help regulate stream f low,” Rodriguez said.

late the Mindanao Energy Plan (MEP). Romeo M. Montenegro, director for Investment Pro-motions, International Rela-tions and Public Affairs of MinDA, said the forum will be done by region starting February to gather inputs that will form part of the MEP. He said they need to con-duct consultation by regions because each area has unique concerns and at the same time they can go into more specific details on the energy requirements per area. Montenegro said this will be among the long-term steps in addressing the problem as power needs of the island will increase by about 1,000 megawatts in 2020 based on the power growth demand of 4.7 percent. Power companies asked the government to come up with a clear policy on energy so that businessmen would be encouraged to invest in the island. There are ongoing power projects he said but even if these projects start to gener-ate power, the supply by then will still be insufficient. He said two of these proj-ects are on-going and will be operational by 2016, where one is the coal project of Therma South Inc. of Aboitiz (situated in the boundaries of Davao City and Davao del Sur) for a 300 megawatts capacity and the other coal project of Conal Holdings Corp. of the Alcantara Group for 200 megawatts. The other project is by the Filinvest power com-pany, the FDC Utilities for 400 megawatts coal-fired plant but they are still in the scooping stage. It will be located near the STEAG plant in Cagayan de Oro, Montenegro said. “These projects are wel-come developments,” Mon-tenegro said, “but are all

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

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

Toyota...from page 3

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

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

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

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

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

PNB...from page 5

of the Philippines (BMAP) regarding a special kiddie account program. The BMAP, composed of the country’s leading banks, has developed the “Bank-ing on Your Future (BOYF) Kiddie Account Program.” This new type of savings ac-count encourages kids and schoolchildren to start the habit of saving regularly. The program allows kids to avail of their kiddie sav-ings accounts with R100 or less initial deposit and to build up the balance to the required minimum to earn interest. Pa r t ic ipat ing BM AP member banks include Al-lied Banking Corporation, Banco de Oro Unibank, Inc., Bank of the Philip-pine Islands, China Bank Savings, Inc., Development Bank of the Philippines, East West Banking Corporation, Maybank Philippines Inc., Philippine National Bank, Philippines Savings Bank,

Bunye...from page 6

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

Cruz...from page 6

important, that we can take a passive attitude toward them or that we just be mediocre about them. Rather the contrary. Be-ing with God would push us to the limit to make the most out of whatever we do or whatever happens to us in this life. And that is to trust him, to love him, and because of that love, we have to love others the way God loves all of us. Whatever happens here, whether we rise or fall, wheth-er we win or lose, only has relative value. What is of absolute value is being with God. This is what true suc-cess is. This is how genuine

Cimagala...from page 6

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

Bank...from page 5

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

Estafa...from page 5

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

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

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

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

Davao banana growers say recovery will take a year

Agri News8 Friday-Saturday I Jan. 25-26, 2013 BusinessWeek 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

Republic of the PhillipinesLocal Civil Registry Office

Province of Zamboanga del SurCity/Municipality of Tukuran

NotiCe for publiCatioN

In compliance with Section 7 of R.A No. 10172, a notice is hereby served to the Public that YAMANI SALUNOY DEMABILDO has filed with this Office a petition for change of Gender from FEMALE to MALE in the birth certificate of YAMANI SALUNOY DEMABILDO who was born on January 2, 1986 at Sto. Niño Tukuran, Zamboanga del Sur and whose parents are Rico D. Demabildo and Marcosa D. Salunoy. Any person adversely affected by said petition may file his/her written opposition with this Office not later than 18th of January 2013.

(Sgd.) GiNalyN d. aCuÑa City/Municipal Civil Registrar

BWM: JAN. 18 & 25, 2013

Republic of the PhilippinesREGIONAL TRIAL COURT OF LANAO DEL NORTE

12TH Judicial RegionBRANCH 07

Tubod, Lanao del Norte

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

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

NotiCe of HeariNG

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

(SGD.) weNida b.M. papaNdayaN Acting Presiding JudgeBWM: JAN. 25 & FEB. 1, 2013

Republic of the PhilippinesREGIONAL TRIAL COURT OF LANAO DEL NORTE

12TH Judicial RegionBRANCH 07

Tubod, Lanao del Norte

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

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

NotiCe of HeariNG

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

(SGD.) weNida b.M. papaNdayaN Acting Presiding JudgeBWM: JAN. 25 & FEB. 1, 2013

Republic of the PhillipinesLocal Civil Registry Office

Province of Zamboanga del SurCity/Municipality of Tukuran

NotiCe for publiCatioN

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

(Sgd.) GiNalyN d. aCuÑa City/Municipal Civil Registrar

BWM: JAN. 18 & 25, 2013

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

Funds...from page 2

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

By CARMELITO Q. FRANCISCOCorrespondent

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

DAVAO Cit y -- It w i l l take at least a year for the banana industry in the Davao Region to recover f rom t y phoon Pablo’s devastation, an industry leader said on Wednesday. Stephen A. Antig, ex-ecut ive d i rec tor of t he Pilipino Banana Growers and Exporters Associa-tion (PBGEA), a lso said the continuous downpour

hectare of banana farm. Based on estimates, ty-phoon Pablo wiped out as many as 15,000 hectares of plantations in the region, with losses pegged at P7 billion. T he indust r y ’s tota l hectarage, based on re-por ts f rom t he PBGEA and independent banana cooperatives, is roughly 70,000 hectares spread all over the Davao Region and some parts of south-central Mindanao. Davao del Norte Gov. Rodol fo P. del Rosa r io

Korean group mushroom production training held

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

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

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

baNaNa/PAGE 10

MusHrooM/PAGE 10

9Friday-Saturday I Jan. 25-26, 2013BusinessWeek www.businessweekmindanao.com

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EXPIRY DATE

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MALAYBALAY

November 2011 JANUARY 19 12 26 17

December 2011 FEBRUARY 21 14 28 16

January 2012 MARCH 20 13 29 15

February 2012 APRIL 19 12 26 17

March 2012 MAY 22 15 29 17

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May 2012 JULY 24 12 26 19

June 2012 AUGUST 21 14 28 16

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JV hails placement fee for Taiwan-bound OFWsSAN Juan City Rep. JV Ejer-cito Estrada welcomed a move aimed at reducing by 85 percent the exorbitant placement fee being charged to Overseas Filipino Work-ers (OFWs) seeking jobs in Taiwan. The substantial cut in the placement fee was made pos-sible after local job recruiters agreed to reduce the stag-gering P90,000 to P150,000 fee for every outbound OFW

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

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

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

international development coop-eration by providing material and physical aid to reduce poverty and achieve sustainable development. The COAID, the implementing agency and a subsidiary institution of Chungbuk National University in Korea, implemented programs and projects in the developing countries like the Philippines, focusing on major program areas on rural development, environment and climate change. This project covers the im-plementation of the technology transfer on commercial mushroom production and organic fertilizer production in Claveria Experiment Station and MOSCAT for period of 9 months (from November 3, 2012 to August 3, 2013) and subject for extension for another one year based on the performance of the project and subject for the approval of funding support from KOICA.

Mushroom...from page 8

Aside from the banks, Mr. Antig said companies that have signed marketing contracts with the growers are also willing to help their growers finance their respec-tive rehabilitation. Aside from the Pablo disaster, the industry faced a major problem last year, when the Chinese govern-ment implemented strict rules on the entry of Philippine bananas due to phytosanitary issues. This affected small growers whose main market is China. Both the Philippine government and the industry have been looking for new markets that will be able to absorb banana produced by small growers. The government has also been trying to help these growers comply with the new rules particularly in building packing houses that will meet the requirements imposed by importers, including China.

Banana...from page 8

Transfer wi l l be the resource speaker. KOICA-COAID will provide mushroom cultivation book (160p volume), lunch (refreshments), gift (shirts with collar) and certificate to the participants with perfect attendance. The topics will deal largely on ‘How to make money through mushroom cultivation’ for Claveria community. Participants who will be invited are limited to only forty (40) which will be composed of MOSCAT faculty, students, agri-cultural technicians and farmers who are interested on mushroom cultivation. KOICA, the funding agency, is a government organization in Korea under the Ministry of For-eign Affairs and Trade, engaged in

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

11Friday-SaturdayJan. 25-26, 2013



A hip, classy and trendy way of doing business will surely appeal to the younger generation as LifeSTYLE by M&Co enters the Cagayan de

Oro market scene, paving way to give Kagay-anons a better way of life.

The company is rooted on a mission to give its members a better life through product selling and multi-level networking.

Originally created by the owners to give their employees an alternative source of income, LifeSTYLE by M&Co. is now a brand that continues to grow and is the fastest growing direct selling company today.

LifeSTYLE by M&Co is owned by Mr. Gunn Roque III, who also owns the internationally known brand KAMISETA.

Setting up the multi-level networking and direct selling approach is brought about by Gunn’s vision of sharing to his employees and giving them extra income.

In an interview Gunn reveals that “First yung Kamiseta, nung na-create ko yung Kamiseta, I wanted to give my employees extra income, so tinayo ko yung M&Co. yung M&Co. na iyon was only meant to be for our employees, kaso nung nag-open ang store, sobrang dami nang naging members. Now we have 600 thousand members, so one time sa M&Co, nandoon ako, yung mga nagrerecruit – nagsusponsor sabi sa akin ‘sir bigyan niyo naman ako nang extra income’ sabi ko, why not yung M&Co., sabi nila ‘sir wala akong puhunan but I can invite people’, so doon ko naisip yung proper networking, multi-level talaga. Smaller ang puhunan – extra income. Doon na nagsimula itong Lifestyle, nagstart nung February (2012).”

When one browses through the catalogue, LifeSTYLE by M&Co. products show a dash of elegance, a brew of style and comfort, and an aroma of class all on its own, comparable of that to the Kamiseta line.

Gunn enthused “it is actually the same quality,

of course some of the accessories yung exclusive sa Kamiseta, hindi namin ginagamit for M&Co. may sarili sya. Our products are for both men and women consumers.”

LifeSTYLE by M&Co. can help people make a better living and generate income, Gunn says “para sa akin important yung product, the word of mouth is so important for me – so first we give you good quality products, we’re now all over the Philippines because of these products, but now we really encourage people to get into business. Ito lang naman talaga ang gusto ko, my idea is yung middle class natin na walang trabaho can help in the economy. Population is not a problem, if they have jobs or income they can live happier. Ako as an entrepreneur, I feel this is my only way to share to the people and the quality of the product should be able to market itself”.

Gunn continues by assuring the quality of the products of LifeSTYLE by M&Co. and why it is on a class of its own, “we are the best, and that is for sure… like in Kamiseta, we are the best local brand in terms of quality. I have to wear it, like yung sa men’s wear, each and every product must pass through me, so kung hindi siya papasa sa akin, it won’t be out in the market, I am also confident that for our ladies wear, that

with our quality – you can’t get this product for this price only anywhere in the country, alam ko iyon, kasi yung pricing ko talagang eksakto lang iyan… I also personally work with our great designers”

Gunn enthused, “im very confident na if they sell the products, matutuwa talaga ang customers nila”.

LifeSTYLE by M&Co. switches back to a more direct and personalized setup in contrast to the heavy marketing and promotions of the sister brand Kamiseta, envisioning a better life for the middle-class Filipino and those who want to have extra income.

“business for a better life, honestly noong una, as an entrepreneur – it was never really a policy to share, when I got into business it was really more of ‘to acquire’… but as you get a little bit older, sa dami na nang taong nakakausap ko, at nagrerely sa akin, sabi ko sayang eh, Filipinos are really hardworking – they just lack the opportunity. I really think if masipag ka, coupled with a good product line – you will be successful. So to those who are interested to get into

LifeSTYLE by M&Co suits up in CDOBrings Business for a Better Life By Shaun Alejandrae Yap Uy

“Ako as an

entrepreneur,

I feel this is

my only way

to share to the

people and the

quality of the

product should

be able to

market itself”

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

Visit LifeSTYLE by M&Co. at

Roland BanquilZillion Life, Lifemax Office

2nd Floor, Egmedeo Bldg.,Corrales St., Cagayan De Oro

0917-7242107/088-8520125

Lailane P. DoloresJV Seriña St., CarmenCagayan de Oro City

0917-7044542

business, pero hindi nila alam paano – come in, look at it, we will teach you how. Basta masipag ka, and you want a chance, pwede, just come in to Lifestyle by M&Co.” Gunn states in parting.

LifeSTYLE by M&Co. believes in hardwork and perseverance and that it will help people propel into reaching their dreams and aspirations by providing a profitable business venture that brings financial freedom to their members through their premium quality products.

businessweek mindanao (january 25-26, 2013 issue)

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