Market Indicators

US$1 = P41.05 5,468.79 points

X

FOREX PHISIX

AS OF 5:58 PM NOV. 9, 2012 (Friday)

UNCHANGED 22.08points

BrieflyJ.CO DonutsJ.CO Donuts and Coffee, a popular Indonesia-based cafe retailer and one of the fastest growing donut & coffee chain in South-East Asia, is set to open its first branch outside Luzon specifically at Centrio Mall in Cagayan de Oro City.

J.CO offers a wide array of unique beverage concoc-tions. It has been known that coffee is the donut’s perfect companion.

For coffee-lovers, indulge in Jcoccino, cappuccino J.CO style, an Italian espresso and milk topped with foam; the Cappuccino Avocado is freshly-made espresso with creamy avocado flavor.

More investorsMORE local and foreign inves-tors are expected to set their sights on Mindanao with the full implementation of a peace deal between government and the Moro Islamic Liberation Front (MILF). “If we achieve a stable Min-danao, we can easily attract 25 percent more companies to establish their business in the area in the next five years,” said Benjamin Kalalo Jr., Philippine Exporters Con-federation, Inc. (Philexport) trustee for the Housewares sector and four Philexport Chapters in Mindanao. Kalalo said investments in mining, agro marine, trans-port, airline and shipping, and construction are expected to pour into various regions of Mindanao.

BOC revenueThe Burau of Customs (BOC) has expressed confidence that 2012 will be another banner year for the combined ports of Mindanao International Con-tainer Terminal, Cagayan de Oro, Iligan and Ozamis. BOC District Collector Anju Nerio Castigador of Cagayan de Oro attributed the sustained collection performance to re-forms instituted by the Customs authority under Commissioner Ruffy Biazon and the well-motivated Customs port per-sonnel in the northern rim of Mindanao. The same enthusiasm is shared by Davao District Col-lector Martiniano Bangcoy. This month’s performance is up by P88,847,919 against target of P458,850,000.

P15.00Issue No. 125, Volume III • November 12-13, 2012Monday-TuesdayCagayan de Oro City

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Brunei mission eyeing gas project in Phividec

By MIKE BAÑOS, Correspondent

THE energy mix in Mindanao could be further diversified with natural gas if plans push through for its introduction

by the next six years.

The Phividec Industrial Estate-Misamis Oriental hosted an exploratory mission from Brunei Darussalam late last month which visited the area to take a closer look at the proposed location for a liquefied natural gas (LNG) facility.

The 3,000-hectare Phividec in the Municipalities of Tagoloan and Villanueva, Misamis Oriental is the largest industrial estate in the Philippines.

Misamis Oriental is being eyed as the hub of the Min-danao market through a Floating, Storage and Regasifica-tion Unit (FSGU) in Macajalar Bay off the proposed site.

The mission visited the proposed site in Sitio Balacanas, Bgy. Villanueva, Misamis Oriental upon the invitation of the national government to “have a serious look at the LNG prospects in Mindanao” during the 20th Asia Pacific Economic Cooperation (Apec) leaders’ summit held in Vladivostok, Russia last September.

The energy ministry of Brunei Darussalam has ex-pressed interest to put up LNG facilities in Mindanao, including the construction of a 300-megawatt gas-fired power plant at the country’s largest industrial estate to serve as an anchor load.

Should the proposed investments push through, the LNG project in Mindanao would be Brunei’s first LNG power generation facility in the Asean region.

Industry sources said the energy minister of Brunei

Around 5,000 curious mall-goers crowd the gates of Ayala Land’s Centrio Mall during its opening day last Friday in Cagayan de Oro City. This new world-class shopping center further boost the city’s vibrant economy. Photo by ARJAY FELICILDA

Trans-Asia eyes 135-MW Mindanao plantBy MYRNA M. VELASCO, Contributor

TRANS-ASIA Oil and En-ergy Development Corpora-tion of the Phinma Group is firming up plans for the construction of a greenfield

135-megawatt coal-f ired power plant in Northern Mindanao which it targets on stream around 2016.

Trans-Asia president

Francisco L. Viray laid down at their company’s General Investors Briefing that this is one of the three projects

Normin infra investments up by 138% in 2nd quarter

By RUTCHIE C. AGUHOB, Contributor

NORTHERN Mindanao’s total regional investments (TRI) in infrastructure rose by 138 percent in the second quarter of 2012 as most prov-

inces in the region increased spending on construction of school buildings and expan-sion of business facilities.

NORMIN/PAGE 5

TRANS-ASIA/PAGE 9BRUNEI/PAGE 9

Construction of malls, hotels and company expansions are the major developments in northern Mindanao.

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EXPORT/PAGE 5

Export group eyes gov’t part-nership on post-harvest facilityDAVAO City – A Davao-based Philippine Exporter As-sociation (Philexport) is interested to tie up with the government through private-public partnership (PPP) in managing a post-harvest procession facility in Ba-rangay Ilang this city.

In a recent Kapehan sa Dabaw at SM City here, Philexpo-Davao President Ferdinand Marañon said they asked the Land Bank of the Philippines (LBP) to

let the Philexpo manage the First Oriental facility.

The 30-hectare facility in Barangay Ilang is now under the ownership of the LBP.

Philexport original ly

owns the facility until it experienced financial dif-ficulties in 1997 which leads to the transfer of ownership to LBP.

“The facility is very im-portant especially for the food sector in Davao City as they will really need post-harvest facility that offers

BIMP-EAGA cluster meeting in Davao City a success

DAVAO City -- The re-cent two-day meeting of the Brunei Darus-sa lam-Indonesia-Ma-laysia-Philippines East ASEAN Growth Area (BIMP-EAGA) Smal l and Medium Enterprise Development (SMED) Cluster leaders at the Marco Polo Hotel here was a success. BIMP-EAGA SMED Cluster Chair Nazrullah B. Manzur said strategic

plans for the develop-ment of the SMEs were d iscussed i nc lud i ng trade facilitation and cost of doing business in the sub-region. Manzur, also the Re-gional Director of the Department of Trade and Industry (DTI 9) in Region 9, said the meet-ing was attended by 25 representatives from the four member-countries. It was agreed that

Davao town to build power plantM A N I L A – Wit h t he Aquino administration hard-pressed attracting investors to put up more power plants in energy-starved Mindanao, a local government in Davao del Sur has taken upon itself the task of securing its electricity requirements by building its generat-ing plant.

The Energy Regulatory Commission has approved the 25-year supply deal between the Malita town and Davao del Sur Electric Cooperative Inc (Dasu-reco) at a provisional rate of P5.08 per kilowatt-hour.

With a customer in the bag, the Malita local government unit can now proceed to building a hy-

droelectric power plant.Dasureco’s supply con-

tract with state-owned National Power Corp will expire on December 25.

“Psa lm has issued a certification confirming that due to the ongoing privatization of its gen-eration assets, it cannot commit the availability of capacity to supply any energy requirements of Dasureco,” the cooperative said, referring to state-run Power Sector Assets and Liabilities Management Corp.

Psalm oversees the sale of Napocor’s assets and settlement of its debts.

The Malita hydro proj-ect involves the construc-t ion of a 1.5-megawatt

facility at the boundar-ies of Barangays Macol, Sanghay and Tical in the said municipality.

The hydro plant will use run-of-river technol-ogy, or riverf low to run the turbines that generate electricity. As such, the project wil l require no huge dams or reservoirs.

The municipality aims to complete the facility by the second quarter of 2013.

Costing P311.3 million, the project will be funded by a P283.0 million loan from the Development Bank of the Philippines and a P28.3 million equity f rom t he Ma l ita LGU, which has earmarked part of its budget for 2011-2013.

the BIMP-Facilitation Center (BIMP-FC) must be provided with in-formation relevant to doing business like cost of labor and utilities, available infrastructure facilities, and available land area for production and the incentives given to investors. BIMP-FC head Su-sanna Chew said a com-pilation of these infor-mation and details must be maintained. “The BIMP-FC must have a compilation of the incentives given by each of the member-countries to the investors to intensify information disseminat ion to the public. As of now, we don’t have this,” she said. The project shall be implemented by 2013. Manzur said starting next year, the SMED Cluster will be renamed Trade and Investment Fac i l i t at ion C lu s ter which wi l l be under the strategic pil lar of enhancing connectiv-ity within BIMP-EAGA as wel l as with other regions. Manzur added the cluster’s chairmanship will be transferred to Indonesia by then. The Implementation Blueprint of the cluster will be released anytime once it’s finalized, incor-porating the comments and recommendations discussed during the meeting here, he said. The document spells out the detailed plans of the cluster on trade and investment facilitation, he added. (PNA)

By BEN D. ARCHE, Correspondent

3Monday - Tuesday I Nov. 12-13, 2012BusinessWeek www.businessweekmindanao.com

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Centrio mall houses Robinsons and Rustan stores

CAG. DE ORO - Dockers the most-loved khaki brand in the world is now available for the multitude of fash-ionable men of Cagayan de Oro as it opens its first-ever Dockers Store located in the newly opened Centrio Mall. Gracing the opening of the store last November 9, was actor Sid Lucero who drew raves from thousands of wailing and yelling fans, with his Dockers outfit. The blessing of the store was also led by one its owners, a beauteous Salima Maca-hilig of SMATCH Inc. and Maan Ambayec, operations manager. When asked why they have chosen Centrio Mall as the house of its first store in Mindanan, Salima said Ayala has been its usual partner in business. Salima said she believes her com-pany’s Dockers store would cater to the discriminating tastes of millionaires and highend fashion advocates of Northern Mindanao. Dockers khakis offer the best form and fit from casual to formal wear and are made for real men of action. An Alpha among men Dockers Alpha Khaki

one of the recent khaki evolution that is created for a new generation of men is now available in the newly opened Dockers Store. It is essentially for the men who wish to gravitate towards a more casual look but with the feel and versatility of wearing jeans. “Dockers Alpha Khaki is one of our best selling product, and it is meant for the real men of action” said Ms. Rhea Akil, Senior Marketing Executive for the Dockers brand. She added, “It comes in vari-ous colors that appeal to a fashion forward crowd that is not afraid to be seen in the latest khaki evolution”. Fall Holiday Collection 2012 Dockers Fall Holiday Col-lection 2012 has arrived. Still inspired by the mes-sage Save the Day Every Day, showcasing – color hues like browns, reds blues and gradually changing to darker shades of blue, violet, and deep brown. Broken In Khakis, Clean Casual Pants, and Iconic 5-Pocket are definite must buy if shopping for great looking pair of khakis. Also featured is Dockers

Wearever Series introduc-ing Stain Defenders in D2 fit and the Mobile Khakis. This series offers a khaki pants that resist staining and will keep men dressed to impress pretty much the entire day. It is a pair that should be part of any men’s wardrobe. And for those looking for a more formal look Dockers Signature and SF Khakis fit the bill. Check out the latest Dock-ers Store at the newly opened Centrio Mall and enjoy the fit, form and styling of the world’s no. 1 khaki brand -- Dockers. About Dockers® The Dockers® Brand has embodied the spirit of khaki for more than 25 years. Since their introduction in 1986, Dockers® has been perfecting khakis—and the essential goods to go with them—for men and women all over the world. No compromises in qual-ity. Just versatile, essential style. Day to night. Monday to Sunday. Wearing the pants has never looked so good. For information on Dockers® and its products, please call +632-889-9301 or visit www.Dockers.com.

DOCKERS opens first-ever branch at Centrio Mall CdO

Docker’s theme today is WEAR THE PANTS

AYALA’s Centrio Mall opened with a bang, No-vember 9 with an estimat-ed 8,000 crowd of shoppers who were curious enough to what an Ayala proJect contains. Located at the heart of the City, the mall is an ultimate convergence center for residents and tourists. Retail brands that are “firsts-in-Cdo- like Dock-der’s, are among the 300 stores that opened . New and home-groown dining concepts, basic shopping and dining destinations, sprawl all over the malls 64,000 sqms gross floor

area. It also includes Rob-insons and Rustans as anchor department store and supermarket. It has 4 state-of-the-art cinemas, Tmezone anbd a vibrant activity center which will be home to one of a kind shows and events. Lined-up are Ann Curtis Nov.10 and Penumbra Nov. 11. Centrio is an integrated mixed-use complex com-posed of a shopping mall, a hotel, a BPO/office build-ing and a condominium tower located along Capt. Vicente Roa St.-Corrales Avenue Cor. C.M. Recto Avenue in Cagayan de Oro

City in the Philippines. The entire complex oc-cupies 3.7 hectares right in the city’s central business district. It also sits in front of Gaisano City Mall and a few blocks away from homegrown Limketkai Mall. Centrio is owned by Ayala Corporation and has an estimated cost of Php 4.7 billion. The 3-storey mall has a 44,000 sq.m. gross leasable area. Ayala executives also decided to preserve the 2 old acacia trees which were believed to be 60 years old. The mall is built around it and served as its mini-park.

Abenson is one of the most famous appliance store chains in the country.

It has opened its f irst N. Mindanao branch at the Centrio Mall in this city.

Abenson has changed the appliance industry when it es-tablished its first store inside the newly commercialized Greenhills Shopping Center.

Soon after, Abenson rap-idly expanded in major malls and shopping centers. This concept then evolved to stand alone home centers in the metropolis.

Today, Abenson has over 70 stores nationwide.

Abenson is the Phi l-ippine's largest appliance network. It is the leading appliance retailer, having been consistently awarded Top Dealer of appliance top brands like Sony, Samsung, Philips, Carrier and Sharp. In 2005, Abenson is proud to

have been ranked by Retail Asia Magazine as the Top 10 retailers in the Philippines.

Through the years, Aben-son has serviced companies' needs for appliances. Either appliance used to furnish the office, employee incentiva-tion programs or external consumer marketing needs, Abenson has provided solu-tions such as delivery and installation to implementing back-end processes for a number of corporate clients.

I t o f f e r s t h e B E S T BRANDS at BEST VALUE. Abenson is a one stop shop.Not only offer appliances but also the latest electronics, gadgets and furniture through affiliate companies.

Abenson provides dif-ferent claim options such as Abenson Gift Certificates or Redemption Certificates. With Abenson's wide network of stores,it also accommo-

date pick up and delivery of items to any point within the country.

WARRANTYAbenson gives a warranty

up to 5 years. Abenson Ex-tended Warranty offers 100% product protection where they cover parts and labor service so the customers are protected against unexpected bills.

REPAIR OR REPLACEMENT

With Abenson Extended Warranty the product will be replaced with a brand new unit of similar kind and quality when the original unit is irrepairable or beyond economical repairs.

Abenson Extended War-ranty can be applied to an appliance bought for do-mestic or personal use and it is applicable on a wide selection of appliances. For reference,outlined below a list of eligible products:

Abensons at Centrio Mall is firm’s first store in Mindanao

Mr. Jerome Soldevilla of Steag’s Corp. Communica-tions, has announced that Unit 2 (105MW) of STEAG State Power Inc. (SPI) Mindanao Coal-Fired Power Plant in Villanueva, Misamis Oriental was officially synchronized to the Mindanao grid at 8:58am 10 November 2012 [approx-imately 15 hours ahead of schedule], following a 12-day planned preventive mainte-nance shutdown beginning 29 October 2012. Steag officially declared the 200MW power availability at 10:02 am on November 10. The precarious power supply condi-tion in Mindanao is expected to substantially improve with the full capacity operation of Steag’s power plant. Soildevilla said that the PMS

activities were successfully carried out as planned and completed approximately 25 hours ahead of schedule for both units. Carrying out the necessary preventive maintenance as planned and scheduled will bring long-term benefits for Mindanao power consumers in terms operational reliability.6. During its first six years of operation, SPI’s Mindanao Power Plant sustained an avail-ability rate of ninety three point three percent (93.3%) and a low unplanned outage rate of less than one percent (1%).7. Despite the relatively long PMS conducted for Unit 1 beginning last month, SPI is confident it can still achieve an availability rate of ninety

By ALLAN MEDIANTE & LOUISE CHAVEZ

Steag Unit 2 is back on line two percent (92%) by the end of 2012.8. SPI’s power plant has two identical power generating units each with a net capacity of 105 MW each. The power station is considered as the most modern and the biggest in Mindanao on a per unit capacity.9. More than 8.3 billion kilo-watt hours (kWh) of electricity had been delivered so far to the Mindanao grid since November 2006, representing about 20% of the island’s generation mix.10. SPI is a special purpose company established to build, operate and maintain Mind-anao’s first coal-fired power plant. The company is prin-cipally owned by Steag GmbH which is one of the largest elec-tricity producers in Germany and a market leader in clean coal technology and biomass power plants.

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TOKYO — Japan’s Suzuki said Tuesday it would shut down its money-losing car business in the United States and file for bankruptcy, cit-ing a strong yen and weak demand for its small cars in the US market.

But American Suzu k i Motor Corp. (ASMC), which said it has debts of $346 million, added that it would continue selling motorcycles, all-terrain vehicles and ma-rine products — such as outboard motors — in the country.

Suzuki sold about 26,000 vehicles in the US in 2011, a fraction of rival Japanese automakers such as Toyota, Nissan and Honda.

Suzuki shutters US car business

ASMC “recog nised it will be unable to maintain profitability with respect to its automobile marketing business”, the firm said in a statement.

T he Su zu k i d iv i s ion, which employs about 365

people, sa id it has faced difficulties from the value of the Japanese currency and weak demand for its compacts in the US market.

The yen, which hit record highs against the dollar last year and remains strong, has

dented Japanese manufactur-ers by making their products less competit ive overseas while eroding the value of repatriated foreign income.

Suzuki’s US unit said it would “redirect” its resources to the sale of motorcycles, ATVs and marine products “where the prospects for profit are good”.

Warranties on vehicles already sold in the US market would be honoured despite the filing, it added.

The Japanese f irm has focused much of its atten-tion on emerging markets including India where its prof itable Maruti Suzuki joint venture is the nation’s biggest automaker.

Kia posts 3.1% sales growth in OctoberKIA Motors Corporation announced today its global sales figures (export sales, domestic sales and sales f rom overseas pla nts) for passenger cars, rec-reational vehicles (RVs) and commercial vehicles for October 2012, record-ing a total of 228,146 units sold. This figure represents a year-on-year increase of 3.1%.

In October, Kia posted a year-on-year sales in-creases of 14.0% in North America (48,880 units sold) and 7.4% in Europe* (49,168 units sold). Mean-while, October sales in general markets*, Korea and China decreased by 1.5% (41,989 units sold); 1.7% (40,600 units sold); and 2.6% (47,509 units sold) respectively.

Cumulatively through the f irst ten months of

2012, Kia’s global sales have increased by 10.7% yea r-on-yea r to reach 2,262,933 units. Europe, North America and Chi-na have experienced the highest cumulative gains to date in 2012 of 22.0% (482,335 units sold), 18.1% (545,487 units sold), and 10.4% (403,656 units sold), respectively.

Kia’s best selling model in overseas markets for the month of October was the B-segment Rio (known as ‘K2’ in China) with 37,618 units sold. The Sportage compact CUV was the sec-ond best seller with 32,013 units delivered, while the C-segment Cerato (known as ‘Forte’ in some mar-kets), D-segment Optima sedan and Sorento mid-size CUV followed with 30,885; 21,932; and 18,424 units sold, respectively.

affordable services,” Mara-ñon said.

LBP will soon start the bidding of the facility to in-terested investor.

Marañon feared that if the winning bidder chooses to venture into another line of business not similar to post-harvest facility, this will really has an impact to the city’s agricultural sector that also depends on export-quality products.

Although a similar facility is now being built in neighbor-ing Panabo City, but Marañon said this does not affect their plan to pursue a partnership with the government.

Marañon added the facil-ity in Panabo City is for the farmers of Panabo City, and

Export...from page 2

Normin...from page 1

the facility in Davao City is for the farmers of Davao City.

Infrastructure investments during the quarter increased to P9.81 billion from P4.12 billion during the same period last year, Linda O. Boňiao, regional director of the Department of Trade and Industry (DTI) in Region 10, said.

She said Misamis Oriental had the biggest increase in infrastructure spending, with 71.79%, followed by Bukidnon, 23.74%, Misamis Occidental, 2.70%, Lanao del Norte, 1.56 % and Camiguin, 0.21 %.

Infrastructure investments in Misamis Oriental went up from P2.13 billion to P7.05 bil-lion, a 230.05 percent increase. The amounts were mostly used

for expansion and procure-ment of additional equipment for a beverage production plant, particularly, Coca Cola, in Villanueva town.

Investments were a lso made in construction and expansion of business and tourism-related facilities like the Centrio Mall of Ayala, Paseo del Rio Hotel and de-velopment of new real estate lessors, in Cagayan de Oro City, the seat of regional gov-ernment in Region 10.

Infrastructure investments in Bukidnon also increased from P1.37 billion to P2.33 billion or 23.74 percent and went into the improvements of facilities of Dahilayan Adven-ture Park, hospital expansion, and new building construction of manufacturing and trading companies.

Misamis Occidental has

invested P265.12 million in infrastructure services sector during the quarter.

This amount is 50.64 per-cent higher than the P175.99 million spent during the same period last year.

The funds were used in the construction of school buildings, apartments and hospital.

I n L a nao del Nor te , however, the investments dropped from P337.08 mil-lion to P153.14 million, a 54.57 percent decline. Investment areas include the establish-ment of amusement park, commercial space leasing, gasoline stations, transport rental, pension house, and farm supply.

Camiguin also suffered a decline by 81.56 percent, from P110.02 million to P20.29 million.

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Better Way

Central banking for every Juan and Maria

THINK a minute…

You know that all of the world’s progress has come from people who just weren’t satisfied to let well enough alone.

Sir Francis Bacon said: “Acorns and nuts were good, until someone invented bread.” So after you’ve suc-ceeded a little, don’t make the mistake of stopping.

If you can’t think up a new idea or invention, then find a way to improve an old one. Someone said: “The difference between ordinary and extraordinary is that little extra.”

Remember, the enemy of the best is second best. So

PUBLISHING a book is akin to giving birth.

Almost two years after I finally decided to compile my weekly Speaking Out columns into a book, we are finally ready to launch “Central Banking for Every Juan and Maria” this week.

I wrote “Central Banking for Every Juan and Maria” for the person with zero to very little background knowledge on banking and finance who would like to know more about central

if you’re satisfied with just what’s good, you’ll never have the best.

A famous sports coach said: “It’s what you learn after you know it all that really counts.”

When you think you know it all, you stop im-proving. If we think we’ve arrived, we’ll get left behind. Successful people keep look-ing for better work even after they’ve found a job. “We may all live under the same sky, but we don’t all have the same horizon.” Expand-ing your horizons means choosing to see the bigger picture and opportunities for success all around you.

A woman’s view of life

was changed forever when in a restaurant she met Pi-casso, the world-famous artist. She asked him to write something on her dinner napkin.

Picasso scribbled some-thing quickly and said to her: “That will be $10,000.” Shocked, the woman said to him: “But you did that in just thirty seconds!” Picasso answered: “No, it’s taken me 40 years to do that.”

God’s given each of us so much potential. We can, and should, keep learning and improving all our life. So if what you did yester-day is still good enough for you, then you haven’t done much today. Don’t just

“get by”, get high on life by always learning new things every day.

You see, when God stretches you, you never snap back to your original

Connecting timeand eternity

Optimizing revenues this November

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allan medianteexecutive Editor

Member: -Philippine Press Institute

-Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. (Oro Chamber)-Misamis Oriental - Cagayan de Oro Association of Publishers (MOCAP), Inc.

THIS is what we need to learn to do. We have to overcome our narrow-mind-edness or blindness, because no matter how much we ignore it, we cannot deny the fact that the full dimensions of our life go beyond the temporal, the material and natural. We are also meant for the eternal, spiritual and supernatural.

The fact that we can think and reason out, wish and desire, choose or not, love or not, are clear indica-tions that we are not meant only for the here and now, the tangible and the worldly. We go beyond them.

We need to know how to properly handle this funda-mental aspect of our life. We have to overcome the bias that considers this truth as being obsolete, primitive, medieval, out-of-date.

It’s true that there are things in the past that we need to leave behind. But it’s equally true there also are things that we need to

keep for they have perma-nent value to us. We have to be very discerning. We cannot throw the baby out with the bathwater.

Fact is the modern and contemporary culture has far more grievous errors and more rotten ways than those of the old days. In fact, we should be more afraid or more cautious of them than those of the previous eras.

Linking time with eter-nity is first of all a matter of the belief

that there is God and that he is our creator who gives us our very existence and that he continually, without any gap or break, intervening in our life.

We have to be more aware of this truth, and more important, know how to deal with it. We often take it for granted, or worse, we can think that our life can just be on our own, com-pletely dependent on what and how we make it to be.

Or we can think that we can be with God at some time and can be on our own at other times. We need to outgrow this mentality, because it simply does not correspond to reality. Ok, it’s not easy. There’s deep and vast awkwardness es-pecially in the beginning. But it’s not a problem that cannot be solved.

To achieve a constant awareness of God’s presence and intervention in our life,

CIMAGALA/PAGE 9

JHAN TIAFAU HURST

Think a minute

FR. ROY CIMAGALA

Hints and traces

Speaking out

IGNACIO BUNYE

Traversing thetourism hi-way

PED T. QUIAMJOT

banking in the Philippines.This person may be a

junior in high school just starting to take up econom-ics, or even someone who graduated from a different, unrelated course.

She or he may be the type of person who expresses interest in the business page but wonders what it all means, or she or he may even be the type who skips the business page altogether.

“Central Banking for Every Juan and Maria” fo-cuses particularly on the functions of the Bangko Sentral ng Pilipinas (BSP) and how it affects the lives of ordinary Filipinos.

In conceiving of the book, I thought of the lay-person and how he or she would better appreciate the BSP if its operations were explained in bite-sized pieces.

A little background: When I joined the Monetary Board of the Bangko Sentral

on July 3, 2008, I started writing about the BSP and the financial system in my weekly newspaper column, Speaking Out.

As my financial arti-cles came out each week (Monday to be specific), non-economists called and e-mailed me, commenting positively on the manner in which the content was presented.

The turning point was when former Foreign Af-fairs Secretary Alberto G. Romulo suggested that I compile the articles into a book. I actually owe him this great idea of coming up with “Central Banking for Every Juan and Maria.”

I would like to point out that economists and bank-ers may not like their work explained so simplistically, but as I explained earlier, this book was written for a different audience.

“Central Banking for Every Juan and Maria” is

HOTELS in Cagayan de Oro this November are showing modest occupancy figures higher than the previous months and perhaps a pre-lude of how Christmas will spell business?

With demands back to pre-recession levels, hote-liers are focusing on the best ways to capitalize and drive revenues for every available room in the city.

The local hotel industry players are now shifting from reactive to proactive that focus on items that are not really urgent but important.

This introduces the busi-ness process of connect-ing relationship with hotel guests and connecting with them throughout their stay.

Maintaining relationship is an industry practice with no written rules but to op-timize revenue potentials.

Relationship is patterned after the banking industry practice of cultivating a wider base of clients to increase transactions for

loans and deposits. Periodic weekly rev-

enue meetings among team members are conducted to make sure at least a great percentage is focused on finding solutions to guests needs to overcome historical trends on negative guests’ comments that may affect possible repeat business.

Facilitating weekly meet-ings create fusions of the minds among team mem-bers. It’s collaborative and not just one person speaking out. This strategy form part of revenue management team.

Night Clerks find it easy to print revenue reports from the day transactions. Hotel owners can read it and be amused with the recovery prospects. But whether it can be of value is to talk about the why and how?

Hotel’s revenue manage-ment scheme is not only driven by competition but the team members should push for emotional pricing

or setting rates depending on price movement of the hotels that double as a resort and the hotels located in the downtown areas which enjoys easy accessibility to restaurants and shopping.

Business class hotels ad-jacent to malls or shopping centers have the advantage for the walk-in short haul market.

While sales and market-ing executives are continu-ously surfing the net for the latest on-line booking placed by web based travel.com or government por-tals announcing conference schedules and out of town meetings.

Va r i o u s d i s c o u n t schemes are made favor-able to corporate business which has been supporting the industry.

Travel agencies that sells inbound destination like the Philippines in general and Cagayan de Oro in particular have contracted arrangements earning for the agency percentage of

rebates for booking the business. While airline com-panies integrate hotels and breakfast meals to their passage tickets as come-on promotions to sell more destinations.

Flag carrier Philippine Airlines have pioneered on tours although they have left the city, their Palak-bayan Tour Program has been in existence for the last decade earning loyalty patronage from the business

organized into 16 chapters that contain articles cover-ing a wide array of topics.

Some articles are pretty straightforward, while oth-ers come with a glossary or a question-and-answer portion to further explain the topic. This portion is either enclosed in a text box or marked with special Juan and Maria icons.

Several articles will re-fer you to related articles located somewhere else in the book, while some will suggest a website for further reading.

However, most of the articles are written as stand-alone articles. Readers are free to skip around if they prefer not to browse the book from cover to cover.

But if I may make a sug-gestion, if there is one chap-ter I highly recommend, it would be Chapter 13. Economic and Financial Education, for the very

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

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

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

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

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

Agri News8 Monday-Tuesday I Nov. 12-13, 2012 BusinessWeek www.businessweekmindanao.com

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Banana exporters seek more government support

By CARMELITO Q. FRANCISCO, Correspondent

In his speech on Wednes-day during the Mindanao Banana Forum, Alexander N. Valoria, president of the Pilipino Banana Growers and Exporters Association, said the Philippine government has to be decisive in dealing with these markets.

“For example, our govern-ment should declare that if Philippine bananas are not allowed into Australia, we will then import our dairy needs from New Zealand, the country that welcomes Philippine bananas,” Mr. Valoria said.

The Philippines and Aus-tralia have been at odds over the latter’s strict phytosani-tary measures. But both the banana industry and the Philippine government be-lieve the real reason for this is that Australia is protecting its banana industry even when, based on Mr. Valoria’s

data, the trade deficit of the Philippines with Australia has reached $700 million.

Mr. Valoria said Philip-pine officials must also nego-tiate with their South Korean counterparts considering that South Korea imposes a 30% tariff on Philippine bananas while collecting only 5% on bananas from Peru.

He lamented that while the situation favors the country’s competitors, the Philippine trade deficit with South Korea is at $2 billion.

Even the country’s share in the Japanese market, which imports about 90% of Philippine bananas, can still be maximized, said the executive of the Floirendo-owned Tagum Agricultural Development Co.

Mr. Valoria said it was ironic that the Philippines has reduced its import duties on Japanese goods, while

Gov’t allocates P1B more credit support to farmersTHE government set aside an additional P1 billion next year for a program seeking to provide credit and financ-ing support to local food production, especially those dealing with food-staples sufficiency.

The Agricultural Credit Policy Council (ACPC) said the additional money is ex-pected to boost the imple-mentation of the Agro-Indus-try Modernization Credit and Financing Program (AM-CFP) in 2013. The AMCFP is the umbrella financing

program for agriculture and fisheries of the Department of Agriculture (DA).

“[The AMFCP] is de-signed to be a responsive and sustainable credit and financing program for small farmers and fishers,” said ACPC executive director Jovita Corpuz in a statement.

Under Republic Act 8345 or the Agriculture and Fish-eries Modernization Act (AFMA), the AMCFP should be given P2 billion on the first year and P1.7 billion a year for the next six years.

Research support pushed for small banana growersDAVAO City -- The Pili-pino Banana Growers and Exporters Association is advocating the establishment of a research center not only for its members -- made up largely of exporters -- but also for small growers who do not have ready access to information needed for their business.

Stephen A. Antig, ex-ecutive director of the as-sociation, earlier said the research institute is neces-sary to address concerns of

small banana growers who are usually the ones who have to grapple with prob-lems that big growers and exporters are able to solve. “Small stakeholders need the help of government and putting a research institute is among the facilities nec-essary for them to develop their farming methods,” Mr. Antig said in a recent interview.

When banana farms in the region were hit by Fu-sarium wilt -- better known

as Panama disease -- small farmers suffered the most, Mr. Antig recalled.

He pointed out that big farms were able to immedi-ately isolate areas affected by the disease.

In Davao del Norte, the provincial government had to come up with an ordinance ordering small banana farm-ers to observe established quarantine protocols in a bid to curb the spread of the fungus that causes the disease.

Sustained local Robusta coffee supply sought

NESTLÉ continues to expand its network of direct buying stations nationwide in a bid to sustain local supply of Robusta coffee beans, the Switzerland-based food and beverage firm said in a state-ment last Sunday.

Nestlé said it projects to purchase as much as 204,000 metric tons of the produce straight from local produc-ers by the year 2020 through Farmer Connect, a direct buying system that targets small farmers and small-scale intermediaries.

The statement quoted Hans Joehr, Nestlé’s Agri-culture corporate head, as saying its Farmer Connect program is designed to make coffee farming “a more profit-able livelihood.”

“The Farmer Connect program is part of our so-lution to get high-quality

coffee delivered to us long term -- beyond 2020,” Mr. Joehr said, citing the need to sustain supply by developing “the next coffee-producing generation.”

“As local farmers bring in and sell their coffee directly to us through Farmer Connect, we make sure that they gain access to competitive prices for their locally produced coffee beans,” he explained.

“In effect, what we are real ly trying to achieve through Farmer Connect is to make coffee an attractive crop to grow and make it a sustainable livelihood for our growers.”

At the core of the Farmer Connect model are Nestlé Satellite Buying Stations, which are strategically situ-ated at various points across the country.

These buying stations are

where coffee farmers are able to sell their produce based on prevailing world market prices.

The same statement quot-ed Edith de Leon, senior vice-president and head of Corporate Affairs of Nestlé Philippines, Inc., as saying: “Nestlé endeavors to be as close to coffee farmers as possible. Through our direct buying stations strategically located across the country, small farmers can sell their produce directly to Nestlé and they are guaranteed of getting a buying price which is aligned with global market prices.”

“It also enables farmers to get the payment within eight banking hours, thus the farmers can immediately benefit from the sale of their produce to Nestlé,” she added.

For the past 25 years, the number of such buying sta-tions has grown in the coun-try’s key coffee-producing areas, particularly: Alabang; the municipality of Solano; cities of Calamba, Cavite, Lipa and Tuguegarao; as well as the provinces of Isabela and Palawan in Luzon; the cities of Bacolod and Iloilo, as well as the province of Bohol in the Visayas; as well as the cities of Cotabato, Davao, Tagum and Zamboanga, as well as the province of Agusan del Sur in Mindanao.

Farmer Connect a lso trains farmers through Nestlé Better Farming Practices program, on increasing yields, controlling costs, improving crop quality, and mitigating impact of changing climate.

import tariffs on Philippine bananas are still between 10-20%.

One bright spot in the industry, Mr. Valoria said, is the possibility of Philip-pine bananas entering the American market. Govern-ment representatives, among them Agriculture Secretary Proceso J. Alcala, have con-firmed that by next year, Americans would be buying Philippine bananas.

Mr. Valoria also believed that both the Chinese and Iranian markets will soon return. Chinese importers will be encouraged to buy Philippine produce con-sidering the Philippines’ proximity to China. “[The Chinese] market will once again be open to Philippine bananas as we already see it slowly opening,” he said.

Early this year, the Chi-nese government imposed stringent measures on Phil-ippine bananas after phyto-sanitary officials claimed to have found insects in a banana shipment.

DAVAO City -- The banana industry is asking the government to further promote Philippine bananas in key international markets, particularly Austra-lia and South Korea and even the country’s biggest market, Japan.

Banana exporters are complaining of strict phytosanitary measures in Australia and high tariffs in South Korea and Japan.

FARMERS/PAGE10

However, not until 2013 has a budget actually been appropriated for the pro-gram. In previous years, the AMCFP was funded solely through the collection and consolidation of funds from terminated agricultural-directed credit programs.

The ACPC which oversees the implementation of the AMCFP, plans to use the P1 billion additional funds for farmers and fishers who are engaged in the priority commodities of the DA. The

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Hurst...from page 6

Quiamjot...from page 6

Brunei...from page 1

Trans-Asia...from page 1

Bunye...from page 6

Cimagala...from page 6

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size and shape. You’re always a bit bigger and better than before. So why not ask Jesus to forgive you for not living up to the kind of life He created you to live? Then ask Him to take charge and start showing you every day His better way.

Just think a minute…

reason that it is possible for every Filipino to make sound economic and fi-nancial decisions whether or not he or she took up Economics, or whether she or he is a school drop-out or a learned scholar.

I am discovering that even those who work at the BSP are appreciative of constant reminders on economic and financial education and planning.

If you are an OFW or have a loved one who is, Chapter 5. BSP as Imple-mentor of an Efficient Payments and Settlements System, would be a good supplement to Chapter 13. Economic and Financial Education.

Note: Launch date is November 16, 4 pm, at Fully Booked, Bonifacio High Street, Bonifacio Global City. You may e-mail us at totingbunye2000@gmail.com.

we need to exert the effort to pray and to reach what is called a contemplative lifestyle even in the hustle and bustle of the world. There’s no other way.

This can be done if there is the will to do it, a will that needs to be continually re-newed and refreshed, and that needs to go through continuing conversion, looking always

for motivations that actually are endless. There are infinite possibilities for this.

To achieve this, some saints have associated their own breathing with the mental ef-fort to call God’s name. Others have come up with all sorts of human devices to help them to be with God all the time. Each one of us can think of other means fit for our condition.

What we should remem-ber is that God always has a marvellous plan for each one of us. His interventions in our life are never passive or cold. It’s full of love, of concern, of goodness and wisdom. It will be very exciting if consuming to intimately cooperate in God’s providence.

This truth should impel us to know God’s will for us as promptly and as best as we could and to do our part as actively as we could. God’s will for us is like the end-all of our life. There could be no better plan for us. Would we dare to compare and prefer our will over God’s will?

And so we just have to help everyone acquire this attitude and get into the act, starting with our very own selves and then with those close to us and then the others in an ever-widening ripple that should cover the whole world eventually.

Truth is there are a lot of people trapped in their own world and in their own fan-tasies. Many of them do not even realize it. Some may, but do not know how to get out of the predicament.

We need to face up to this daunting challenge. We have to be prepared for this, more spiritually and morally than physically.

But let’s keep the faith in what God himself promised: “Ask of me and I will make the nations your heritage, and the ends of the earth your posses-sion” (Ps 2,8) It’s always a matter of faith, where our faith is.

community and the return-ing Filipino residents from abroad.

For travelers to the is-lands destination, like Bohol and Palawan or Boracay, Palakbayan Tours simplify an all in booking arrangement for the passenger at a cost attractive to the budget. On the other hand, Cebu Pacific Air has made their forward-ing destinations convenient with their Go Hotels tie up.

A program supported by the hotel properties owned by sister company, Robinson Land, which is into business class hotel venture. Not to be outdone with competition, Air Philippines Express, recently launched their Ad-ven Tours in collaboration with the Philippine Hotel Reservations systems.

Pryce Plaza signed up for this tie-up to become the exclusive booking partner hotel of Air Phil Express in Cagayan de Oro City. Air Phil Adven Tours is anchored on the White Water Rafting attraction of the city which elevated the Cagayan de Oro eco-tourism product for more international exposure.

A new player in the air-line industry, Air Asia which now flies the Clark to Davao destination and soon the Asian cities in the BIMP- EAGA region developed attractive travel packages tied up to their Red Planet Hotels Limited of Malaysia under the brand of Tune Hotel which is making their presence in Clark, Manila, Cebu and Davao.

Final stages for their Cagayan de Oro entry is in progress at the Tune Hotel construction rising along Lapasan highway right smack at three downtown business class hotels ex-pected to slug it out for

market dominance. Mallbery Suites 300

rooms or more, Lim Ket Kai Hotels 224 rooms and Ayala Kukun’s 150 rooms by local standards are now the biggest hotels in the city.

Bench marking the busi-ness for growth comes with the pudding and with more hotels and property devel-opment; there is no turning back but to raise the bar of luxury in the city.

only wants to supply LNG but also expressed interest in downstream initiatives.

A World Bank feasibility study identified Davao, Gen-eral Santos, Iligan, Cagayan de Oro and the Phividec in-dustrial estate in Misamis Oriental as parallel markets that would also use natural gas for industrial, commercial and transportation applica-tions sector to help sustain the proposed LNG terminal since the power demand in Mindanao is not yet big enough to serve as anchor market for the LNG facility.

Former Energy Secretary Jose Rene Almendras said DOE was eyeing LNG as one of the solutions to the Mindanao power shortage by encouraging more people to put up generat-ing capacities in Mindanao.

“They are looking at invest-ing in natgas facilities even for Mindanao. I proposed to them power generation projects for Mindanao. I hope that we can interest them into a natgas power generation for Mind-anao,” Mr. Almendras said.

The Department of Energy (DOE) is targeting the con-struction of satellite liquefied natural gas (LNG) terminals in Davao by 2018-2020 that would supply markets the Gen-eral Santos-South Cotabato area through a 53-kilometer pipeline.

The facility aims to serve

end-users through pipeline systems via a 27.4-kilometer pipeline to Cagayan de Oro and the PHIVIDEC area; and a 2x2 distribution pipeline in Iligan City.

In addition, Liquefied com-pressed natural gas (LCNG) refueling stations are also planned for the Iligan, Cagayan de Oro, Phividec/Misamis Oriental, General Santos and Davao.

Natural gas has become Brunei Darussalam’s major revenue earner with over than 6.71 million tons of LNG ex-ported annually to long-term customers in Japan and South Korea in an operation that has remained on schedule for over 30 years, delivering approximately 193 million tons of LNG.

“What is more important is if they don’t decide to build the power plant, if they will invest into an FSRU and storage area capacity, we have identified the area before for the most ideal location for this, then maybe somebody else who is interested in building power plants using natgas will come into that,” Mr. Almendras said.

they are currently studying as part of their generation portfolio shoring up from 2015 onwards.

“It (Mindanao project) is still at very preliminary stage of project planning,” he stressed, noting that even the site is still being explored, albeit he hinted that it will likely be close to the Cagayan de Oro area.

The other two projects in the company’s blueprint will be the expansion of its 135-MW coal-fired project in Calaca, Batangas, a joint venture with Ayala group under their corporate vehicle South Luzon Thermal Energy Corporation (SLTEC); and the 20-MW expansion of the Maibarara geothermal project in Batangas.

In the geothermal facility, the company has 25-percent equity in the partnership cor-porate vehicle majority owned by PetroGreen Energy Cor-poration. The other minority partner is Philippine National Oil Company-Renewables Corporation.

While the immediate plan is just to double the capacity of the Maibarara geothermal plant, Trans-Asia indicated that “there is a possibility to produce up to 60MW, but we’re sure that there will be 20MW. We still need to drill for the planned capacity expansion.”

Trans-Asia is currently pursuing its stock rights offer-ing which is expected to raise P1.627 billion in proceeds. It will be additional cash that the company has been lin-ing up to bankroll project implementations.

Company officials have noted that Trans-Asia can bring significant value to its shareholders because “it is still poised to experience profit growth.”

In fact, with the firm’s ag-gressive portfolio expansion both in power generation and petroleum exploration, it was already prompted to set up subsidiaries wherein specific projects must be held in.

The other major project the company will be embarking on is the 54-megawatt San Lorenzo wind farm facility in Guimaras. They are expecting to avail of the feed-in-tariff as incentive for this renewable energy venture.

The wind project will cost P6.3 billion, the bulk of which will be infused through loans. The facility will be equipped with 27 turbines with 2MW capacity each.

“Necessary studies and EPC (engineering, procure-ment and construction) con-tract negotiations on the scope of the supply and specifications have been completed. Com-mercial terms of the EPC contract are under final ne-gotiations,” Viray said.

Republic of the PhilippinesREGIONAL TRIAL COURT OF MISAMIS ORIENTAL

10th Judicial RegionCagayan de Oro City

2012-479OFFICE OF THE PROVINCIAL SHERIFF

NOTICE OF EXTRA-JUDICIAL SALEFILE NO. 2012-288

Upon extra-judicial petition for sale under Act No. 3135, as amended by Act No. 4118, filed by HDMF (PAG-IBIG FUND) with principal office address at Atrium of Makati, Makati Avenue, Makati City, with branch office at Pag-ibig Fund, Bldg., Borja St., Cagayan de Oro City against EUFRONIA B. ALBINO, with postal address at B-4 L-3 VIRGINIA HOMES, PHASE 1, IPONAN, CAGAYAN DE ORO CITY, the mortgagor, to satisfy the mortgage indebtedness which as of September 12, 2012, amounts to THREE HUNDRED TWELVE THOUSAND TWO HUNDRED SIXTY SIX PESOS & 17/100 (P 312,266.17), Philippine Currency, inclusive interest, penalty charges, court fees, attorney’s fees and expenses of foreclosure, the undersigned or duly authorized deputy will sell at public auction on December 27, 2012 at 10:00 a.m. or soon thereafter at the main entrance of the Office of the Court, Hall of Justice, Hayes-Mortola Streets, Cagayan de Oro City to the highest bidder, for cash and in Philippine Currency, the following property/ies described below including all existing improvements found thereon, to wit:

TRANSFER CERTIFICATE OF TITLE NO. T-93785

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

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

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

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

Cagayan de Oro City, November 7, 2012.

ANTONIO A. CAGULANG, JR. Sheriff IVBWM: 12, 19 & 26, 2012

NOTICE OF EXTRA-JUDICIAL SALEFile No. D-2012-351

Upon extra-judicial petition for sale under Act 3135 as amended filed by Siam Bank ( A Rural Bank), Inc., Lugait, Misamis Oriental against (STEPHEN R. BRIAN/ TEOLAH M. BRIAN a resident of Poblacion, Lugait, Misamis Ori-ental) to satisfy the mortgage indebtedness which as of June 26, 2012 amounts to P 491,338.78 excluding penalties, charges, attorney’s fees and expenses of foreclosure the undersigned or his duly authorized deputy will sell at public auction on DEC. 15, 2012 at 10:00 A.M. or soon thereafter at the entrance of the Office of the Regional Trial Court Branch 44, Initao, Misamis Oriental) to the highest bidder for cash and in Philippine currency the following property with all improvements to wit:

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

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

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

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

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

September 14, 2012

FOR THE PROVINCIAL SHERIFF

NORBERTO F. LABIS Sheriff IV BWM: NOV. 12, 19 & 26, 2012

We are in urgent need of local residents for the following positions:

STOCK CUSTODIAN / INVENTORY STAFF A Graduate of BS-Accountancy or related courses Female; 23-30 years of age, systematic & with initiative Attentive and keen to details and computer proficient both

in MS Excel and Word; ability to handle pressures Team player, matured & can work with less supervision With at least one year experience in inventory / custodian

works, EXPERIENCE IS A MUST SALES REPRESENTATIVE

Graduate of any four year course (preferably Marketing / IT / Computer related courses)

Female / Male ; 25-35 years of age; computer literate Proficient in oral and written skills, resourceful Ability to deal with customer’s complaints, and

inquiries, articulate, hardworking, aggressive Willing to travel & must have the ability to

create/handle corporate accounts; with great attitude and can handle rejections

Must have at least 1-2 years of sales related experience in office equipments

EXPERIENCE IS A MUST

We offer competitive salary, allowance, incentives, insurance, medical and other fringe benefits.

QUALIFIED applicants must APPLY IN PERSON at: New DATCHE Phils. Traders Corp. JR Borja cor., Capistrano Sts., Cagayan de Oro City,

(088) 323-2611 / (08822) 722-765 or email at cdo@datchephils.com or mbadelles@datchephils.com

Bring application letter, resumé, TOR & 2pcs. 2x2 color picture

www.datchephils.com 34 Years of Service

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Vista Land readies new dev’t in DavaoBy CARMELITO Q. FRANCISCO, Correspondent

Marlon Nino B. Escali-cas, Davao manager of the company -- a subsidiary of listed Vista Land & Lifes-capes, Inc. -- said the project will have low-cost housing as well as mid-range and upscale units.

He said the project can be expanded to 50 hectares since the company is still finalizing negotiations with owners of the land targeted for expansion.

COMPREHENSIVE“In the middle of this

development is a commercial center primarily servicing the needs of the residents,” he said in an interview, pointing out that the proj-ect is “typical of Camella Communities development.”

The northern part of this city includes booming districts such as Bajada, Buhangin, Panacan and Sasa which host the city’s

biggest shopping malls, the international airport, and the sea port.

The project, Mr. Escali-cas said, wil l be a gated community and will have the usual Communities support infrastructure, including shuttle service.

He said it will be the first big investment for the company in the northern part of the city aside from its first condominium project, the Northpoint, located in Bajada district.

He said the company’s plans jibe with the city gov-ernment’s thrust to develop comprehensive residential property developments.

Roberto P. Alabado III, acting city development planning off icer, earlier said that property devel-opers must come up with projects that have their own commercial sections -- not

doing business in the city for 17 years now since it developed the upscale Solar-iega residential subdivision located south of the city proper.

The company is sched-uled to open the second phase of its 15-hectare Cer-ritos, another township lo-cated in Mintal district, southwest of the city, where some universities are lo-

cated. Part of the second phase is a community center where commercial spaces will be available for lease.

Vista Land, the Villar Group’s investment hold-ing company for residen-tial property developments, has five main subsidiaries, namely: Brit tany Corp.; Crown Asia; Camella Homes; Communities Philippines, Inc.; and Vista Residences,

Inc., according to its cor-porate profile on the Web site of the Philippine Stock Exchange.

Projects of these subsid-iaries range from low-cost housing to luxury units in master-planned com-munities.

Vista Land shares shed three centavos or 0.58% to P5.17 apiece yesterday from P5.20 last Tuesday.

MALL DEVELOPER Star-malls, Inc. aims to open two more shopping cen-ters in the next two years, in line with expansion plans that are likely to be bankrolled by a series of loans instead of an earlier-planned equity offering, the company’s top official said recently.

“We are now in the process of building our Daang Hari mall in [Mo-lino], Bacoor, and one in Sta. Rosa. Those are being made and will be finished by end-2014,” Senator Man-uel B. Villar, Jr., Starmalls chairman, said in a recent interview.

“Furthermore, we will also be redeveloping our existing Las Piñas mall.

We’re just star t ing there,” he added.

Starmalls is the listed mall operating arm of the Villar Group which de-buted on the Philippine Stock Exchange (PSE) via backdoor last January, replacing developer Polar Property Holdings Corp.

As of end-June, Star-malls operated five shop-ping malls -- two in Las Pi-ñas, and one each in Man-daluyong City, Muntin-

Starmalls plans 2 more branches

lupa City, and San Jose del Monte, Bulacan -- as well as one business process outsourcing (BPO) center in Mandaluyong City, to-taling a gross f loor area of 367,994 square meters and 1,313 tenants, according to the company’s earlier filing with the PSE.

The same PSE f i ling showed that the company had five new projects in the pipeline: Starmall San Jose del Monte 2 in Bulacan; Starmall Las Piñas 2 Phase 2, Starmall Molino, Star-mall Sta. Rosa, and another BPO building along EDSA in Mandaluyong City.

In order to finance these projects, Starmalls will ac-cess debt markets instead of an earlier plan to tap the equities market.

“The bulk of the ca-pex (capital expenditures) starting next year would be [from] loans, but there would be possible addi-tional equity,” Mr. Villar said.

S t a r m a l l s h a d a n-nounced last July that it would conduct a follow-on offering in order to raise fresh capital, with UBS AG as underwriter, but backtracked last September when it said it will delay its share issue until it is able to grow its mall network further.

Meanwhile, Mr. Villar cited falling interest rates and the company’s vast property portfolio as factors behind Starmalls’ plans to take on additional debt.

“We’re happy because

we already own most of our land bank, and since interest rates are also seen to be going down, it’s more logical for us to loan. If your P/E (price-earnings) [ratio] is still not too good, it is better to borrow,” he explained.

Last Oct. 25, the central bank slashed its key policy rates by another 25 basis points -- for a total of 100 bps since the year began -- bringing overnight bor-rowing and lending rates to new record lows of 3.5% and 5.5%, respectively.

Starmalls grew its net in-come by 25.19% to P178.91 million in the first half from P142.91 million in the same six months last year, thanks largely to higher profits of its main associate, Vista Land & Lifescapes, Inc., and bigger rental revenue.

In the same compara-tive six-month periods, revenues expanded 37.26% to P219.08 million from P159.61 million, while costs and expenses grew 21.36% to P173.67 million from P143.10 million.

Starmalls shares shed two centavos or 0.545% to P3.65 apiece yesterday from P3.67 last Tuesday.

just housing -- to provide convenience to residents.

EXPANDINGMr. Alabado said de-

velopment should spread out through townships to decongest the city’s down-town that serve as central business district.

Communities has been expanding in the city be-cause its mother company, Vista Land, had identified Davao among the four cities in the Visayas and Mindanao where it wants to concen-trate its presence because of booming local economies.

The other three cities are Cebu, Iloilo and Cagayan de Oro.

“The company has al-ready established its reputa-tion here as a good devel-oper,” said Mr. Escalicas, pointing out that Com-munities wants to dominate the local market by coming up with more projects that would answer the city ’s growing needs.

The company has been

DAVAO City -- Villar-led Communities Philippines, Inc. plans to launch before the end of the year a new 20-hect-are residential project in the northern part of this city.

DA priority commodities in-clude the food staples like rice, white corn and cassava, which are part of the Food Staples Sufficiency Program (FSSP).

Other DA priority com-modities are yel low corn, coconut, high-value crops, livestock, poultry and fishery products.

Credit and financing is considered by the DA as one of the FSSP’s key strategies to attain food sufficiency as well as increase farmers’ incomes.

Aside from the provision of timely, adequate and af-fordable credit, the other key strategies of the FSSP are the purchase of yield-enhancing inputs such as seeds and fertil-izers and acquisition of farm machinery, equipment and facilities.

Increased access to credit from formal sources is one of the government’s commit-ments as contained in the Philippine Development Plan (PDP) for 2011-2016.

The target is to increase the incidence of formal bor-rowing among small farmers and fisher from 52 percent in 2007 to 61 percent by the year 2016. ACPC estimates that P109 billion will be needed to address the credit demand of the agri-fishery sector for the year 2013.

A National Agriculture and Fisheries Credit Summit was jointly organized and conducted by the ACPC and the Congressional Oversight Committee on Agricultural and Fisheries Moderniza-tion on Aug. 18, 2011 when a strategic plan was developed on how to achieve the PDP target of increasing formal borrowing incidence among farmers and fishers.

Farmers...from page 8

Rufus...from page 11

Amnesty...from page 11

gathered during the opera-tions and the sworn state-ments of its representatives.

“The fiscal should have

exhausted all measures to prevent the release of the two Chinese who were arrested via citizen’s arrest during the raid,” he said.

Ravanera predicted the congressional inquiry would ultimately raise more ques-tions about the extent of the unbridled mineral extraction in the city’s upland villages.

“ T he y (a genc ie s) a re blaming each other. It is pathetic. These offices should exercise its oversight pow-ers,” he said.

At the time of last month’s raid, there were at least 15 barges operating on the Ip-onan River.

The barges, which are reportedly custom-made for gold extraction, reportedly cost P15 million each.

Ravanera said the esti-mated P225-million cost of the barges indicates serious investment planning.

“Did these barges pass through our Customs? Is there an agreement between our country and the People’s Republic of China that we do not know about? What we are now seeing is just the tip of the proverbial iceberg,” he said.

“Sobra pa kini sa insulto (This is worse than an insult). This is an af front to our sovereignty and patrimony. Filipinos caught in China have been executed, worse, even on mere suspicion. It is a mockery to justice if aliens can just get away with messing with our ecology and patrimony,” he said.

In a separate interview, Sulog member Edwin Dael pointed out that MGB 10 should have asked the im-migration bureau to issue a hold-departure order for the foreigners.

“Our informants in the area told us that the barges resumed operations right a f ter t he junk ing of t he mining complaints against Zheng and He. Igo-igo lang gyud naka operate pa para pamawi siguro sabay dagan na dayon pagkasunod adlaw. Halos tanan nakagawas na sa nasud (They apparently

operated only long enough to recoup expenses and then f led the next day. Almost all of them have left the coun-try),” lamented Dael.

“Who wil l pay for the damages now? Who invited and guaranteed their illegal mining operations here?” Dael asked.

Earlier this week, MGB Regional Director Rex Mon-sa nto a nd lega l cou nsel Christine Lu pressed charges against two companies and 15 individuals -- including

at least four foreigners -- in connection with the illegal mining operat ions a long Iponan River.

Ravanera said the filing of the cases was an offshoot of their dialogue with the environment agency early this week.

“ T he ba rges must be d i sma nt led a nd decom-missioned. We have a lso requested the Army if they could build outposts in the upland barangays along Ip-onan River,” he said.

against the bill if it remains in Congress. Amnesty Inter-national noted that there is a global trend towards aboli-tion of the death penalty with less people executed in 2011. An overwhelming majority of countries did not use the death penalty in 2011. Only 21 out of 198 countries car-ried out executions—a big decrease from that of the last decade.

He also said their lawyers will petition for a Writ of Kalikasan and Continuing Mandamus cases aga inst MGB 10, DENR 10 and City Hall, anytime next week.

“The prosecutor said he d ismissed t he compla int without prejudice, ergo the same complaint could still be re-filed. But what’s the use in re-filing the complaint when the alleged perpetrators has already f led the country?” Ravanera said.—Cong Cor-rales, InterAksyon

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“Human life is indeed sa-cred as you said; there are no ifs or buts. Please don’t waver from your anti-death penalty stand, Congressman Rodriguez,” said Amnesty International Philip-pines Director Dr. Aurora A. Parong in reaction to Rep. Rufus Rodriguez’s efforts to amend the Comprehensive Dangerous Drug Act of 2002 to enable the government to mete death sentences to convicted foreign drug offenders.

Parong said that Amnesty’s position for all cases, regardless of crimes, remains the same: No to death penalty.

She said that death penalty is not a deterrent to crime and it violates the right to life as proclaimed in the Universal Declaration of Human Rights.

The Philippines abolished the death penalty in 2006 and

President Aquino has rejected calls for the return of the death penalty.

But Rodriguez (Second District, CDO) and his young-er brother, Abante Mindanao partylist Rep. Maximo Ro-driguez Jr. who both claim to be pro-lifers and vehemently opposed the RH Bill, are push-ing House Bill 4510 to amend the Comprehensive Dangerous Drug Act of 2002.

The Rodriguez brothers want to add: “If the violator of any of the provisions of this act is an alien, the penalty to be imposed shall be the penalty prescribed by their national law.”

Parong said this is a dan-gerous clause as this will al-low the imposition of capital punishment if the convicted foreigner is from a country

Amnesty asks CdO solon to be firm vs death penaltyBy BONG D. FABE, Correspondent

NOBEL Peace awardee Amnesty International (AI) urged Wednesday this city’s representative to the Philippine Congress not to waver from his opposition to the death penalty following his push for imposing capital punish-ment on convicted drug traffickers whose countries have existing death penalty.

that allows death penalty.“We have all worked hard

to abolish the death penalty in the Philippines and Amnesty International is still campaign-ing to protect everyone around the world from state sanctioned killings. Working for ‘equity and reciprocity’ with regard to death penalty should not mean that we should execute foreigners just because Filipinos are being punished by death penalty abroad. Instead, we should all work persistently to abolish death penalty from each and every country that still sanctions state killings,” she said.

In pushing for HB 4510, the elder Rodriguez cited the cases of Filipinos who faced death penalty sentences abroad, like in China, as his reason for doing the same to foreigners in the Philippines, invoking “the rule of equity and reciprocity.”

“While there is no reason to question the laws of foreign countries, we must however ensure that our countrymen do not suffer the short end of the

stick. As such, there is a need to amend our laws to ensure that foreign nationals caught violating our laws on drugs be also convicted on the harshest penalties that their national law imposes,” he said.

Amnesty International sup-ports the UN Moratorium on Executions and is campaigning towards the abolition of the death penalty. Amnesty Inter-

national Philippines has been actively campaigning against the executions in China and other parts of the world.

“When we abolished the death penalty in the Philippines we have directed the Philippine state to respect the right to life of everyone, not just Filipinos. The Rodriguez brothers are opening up the door for the state to kill again and we are

CAGAYAN de Oro Represen-tative Rufus Rodriguez said he has filed a resolution for a congressional inquiry into the trashing of the illegal mining charges and subsequent release of two Chinese citizens who were overstaying on tourist visas.

“I f i led the resolution yesterday (November 7) at the committee on ecology and environment asking to investigate the city prosecutor, MGB 10 (Mines and Geosci-ences Bureau Region 10) and the local Bureau of Immigra-tion on why the overstaying aliens were released easily,” Rodriguez said in a phone interview Thursday evening.

“If you have a tourist visa then you are not allowed to work here,” he stressed.

Zhong Hengyuan, 43, and He Jiancheng, 42, were ar-rested by a joint team from

the DENR, Army and PNP while allegedly operating a mining barge in Barangay Pagalungan, in this city last October 25.

A complaint was f i led against the two Chinese the same day before City Fiscal Fidel Macauyag by the local environmental group Sulog.

However, Macauyag dis-missed the complaint on the grounds of DENR’s non-participation in the inquest, without which, he said, the case would not stand in court.

Rodriguez said the Region 10 offices of the Department of Justice and the National Bureau of Investigation will a lso be summoned to the congressional inquiry early next week.

Rodriguez said the inquiry aims to create measures for more effective coordination of DOJ, NBI, MGB and police,

Rufus seeks probe into botched case vs. Chinese illegal miners

and ensure the incident that happened here last week will not recur.

“Foreigners are flight risks, so you have to hold them im-mediately, especially if the complaint infringes on the country’s patrimony and sov-ereignty. Now if the aliens have already fled the country, then they should be blacklisted. Those who are still here, we will direct NBI to arrest them the soonest time possible,” said Rodriguez.

Sulog chairman Orlando Ravanera agreed with Rodri-guez that Macauyag should be investigated for possible grave abuse of discretion.

Ravanera said the fiscal should have recognized the precautionary principle of the law during the inquest and compelled the MGB and PNP to present the evidence

RUFUS/PAGE10

AMNESTY/PAGE10

not allowing that. We call on our legislators to stand fast on their commitment to human life and withdraw House Bill 4510 from Congress. We call all members of the legislature not to lend their support for this bill,” Parong said.

Amnesty International Philippines said it is ready to lead massive public actions

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A GROUP of people curiously observe the preparation of Bigby’s Cafe and Restaurant in time for yesterday’s [November 9, 2012] opening of its new branch at the ground floor of Ayala’s Centrio Mall.

Mindanao Daily News photo by Shaun Alejandrae Uy

Bigby’s invades Centrio mallWITH the soft opening of Centrio mall yesterday, the Bigby’s Cafe and Restaurant also formally opened its third branch in Cagayan de Oro City.

Originally called Bigby’s Cafe way back on December 8, 1998, this food business has gradually evolved into Bigby’s Cafe and Restaurant.

It all started when three friends––Henrik Kelly Yu, Joanna Cris Yu, and Cath-erine Genabe––thought of creating an atmosphere fit for adventure into the dif-ferent cuisines of the world.

But its unique format ––the menu, the interior design, and even the ser-

vice style––has gradually turned Bigby’s Cafe midway between “fine dining” and fast-casual dining.

A year after, Bigby’s Cafe and Restaurant has revolu-tionized the dining habit in Cagayan de Oro City.

Its fun dining atmo-sphere through the “wordy” decors hanged on every wall––complimented by wide array of wittingly named dishes it serves at reasonable prices has them Bigby’s the ultimate dining choice of families, young urban professionals, and even businessmen.

In an interview, Hen-rik Kelly Yu, the market-

ing officer of Bigby’s Cafe and Restaurant, said one of Bigby’s specialties is its yummy “ribs” at the cost of P300 per serving.

He said Bigby’s also serve native foods such as its one-of-a-kind “Sinuglaw.”

He added that Bigby’s is using a special kind of vinegar that adds flavor to its Sinuglaw served with “deles” on top.

“Our foods are served at reasonable prices,” said Yu adding, “customers of Bigby’s Cafe and Restaurant will surely be satisfied not only with the big service it rendered but the kind of foods that it serves.”

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