P15.00Issue No. 21, Volume III • Oct. 31-Nov. 3, 2011

Normin’s budgetNORTHERN Mindanao gets the highest allocation in this year’s budget for Mindanao with P42.6 billion a 21 percent increase from last year. Department of Budget and Management (DBM) director Rolando Toledo said the internal revenue for the said region also increased to P13 billion and that P902 million will be allocated for Cagayan de Oro for infrastructure, personal services and other projects. “All of these are major de-velopments for the country. This may not be 100 percent but we are getting to the “matuwid na daan” that Aquino promised,” Toledo said.

Business missionCAGAYAN de Oro City officials visited Gwangyang, South Korea last week in a bid to lure busi-nesses to the city. The business mission, led by Mayor Vicente Emano and accompanied by some members of the City Council and other local officials and business group, is expected strengthen trade rela-tions between the two cities. The group reportedly met with officials of the government of Gwangyang las Friday where they will be building sistership tiesa and various executives from 31 giant companies. It was reported that those who will be part of the trade mission will spend their own personal funds and will not be entitled to any per diem or reim-bursements for daily expenses during the trip as instructed by Emano.

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A family plays bingo onn top of a tomb as they take an early visit to their loved ones at the city cemetery in Brgy. Bolonsiri to avoid the expected crowd during the All Soul’s Day and All Saints Day on Nov. 1 and 2. PHOTO BY ROLANDO SUDARIA

Solar energy can’t avert power crisis

By BUTCH D. ENERIO Correspondent

SOLAR power energy alone is not suffice to avert the power shortage in Mindanao because of its very low

efficiency rate and its very high cost, an industry player said. AboitizPower First Vice President for Mindanao Manuel M. Orig Orig said that what Mindanao needs at the moment is base load-power plants which can run 24/7 and are not climate dependent, just like solar. Solar power, he said, will only run 16 percent of the time, when there is sunlight. Orig also defended En-ergy Secretary Rene Al-mendras from calls for his

replacement by Cagayan Electric Power and Light Co. (Cepalco) official Dave Tauli, who accused the gov-ernment official of being biased against solar energy. Tauli, in his letters sent to media, accused Almendras of blocking solar power in Mindanao. Tauli also said the oppo-sition to renewable energy projects stems from “owners

�loral vendors are expected to make a heyday as prices of flow-ers rise more than doubled during the todos los santos.

PHOTO BY ROLANDO SUDARIA

THE series of “red alerts” in the Mindanao grid last week have been dismissed as isolated and is expected to normalize once the plants on scheduled or emergency shutdowns are back and synchronized to the grid, the National Grid Corp. of the Philippines (NGCP) said in a statement. NGCP said the recent series of “red alerts” was due to generation deficiency caused by the scheduled maintenance of some power plants and the unexpected shutdown or reduced ca-pability of others. NGCP, as system opera-tor, issues Grid Operation Notices to grid users. “Red

Mindanao power supply grid expected to normalize soon

of all reserves is less than 13.2 percent of the required capacity. When system reserves are more than suf-ficient to meet the reserve requirements of the grid, the system is considered to be under normal condi-tion. The system alert and the corresponding power curtailment, if any, is lifted once demand recedes or once there is enough avail-able capacity coming into the grid from the power plants. During periods of gen-eration deficiency, NGCP implements the Mindanao grid-wide power load cur-tailment to maintain the

alert” refers to the system condition when the contin-gency reserve is zero or a generation deficiency exists, while a “Yellow alert” is a system condition where total

Business leaders urged to make stand for Mindanao

By �AI �EVERA-�ACAPA�ATContributor

MATI City Business leaders during Friday’s Asenso at Negosyo Sa Turismo forum held here were urged to make a voice after the Basilan encounter that killed nine soldiers. Quezon Province Representative Lorenzo R. Tanada III, who was the guest speaker in the forum, asked business leaders to make a stand on how they would want the govern-ment to move and forward peace efforts for Mindanao. “There had been clamor for an all-out war against the MILF but we know that it

wouldn’t be that easy. Businessmen would definitely be one of the most affected sector if we push for an all-out war,” he said. Tanada has been roaming around the country specifically Mindanao to get the pulse of the people, on what they need and how they would want the govern-ment to do after the Basilan incident. “The President finds it high time to ask the different stakeholders in Mindanao to make a stand. Instead of becoming too emotional, we should be sober and calm to come up with a right analysis,”,

SOLAR/PAGE 9

POWER/PAGE 8

LEADERS/PAGE 8

2 BusinessWeekMINDANAOOct. 31-Nov. 3, 2011 EconomyEconomy

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Economic team bares P72.11-B projects under the DAPBy APIPA BAGUMBARAN

Contributor

SENIOR officials from the country’s economic cluster agen-cies has announced the implementation of P72.11 billion worth of high-impact projects under the Disbursement

Acceleration Plan (DAP) of President Benigno S. Aquino III.

control, and other projects, many of which have been damaged in the recent typhoons. He said these projects already have a completed program of work and many are quick-disbursing projects below P40 million. In addition, a total of P1.87 billion will be allocated for the rehabilitation of Light Rail Transit (LRT) Lines 1 and 2, including the replacement of worn-out rails, repair and rehabilitation of trains and improvement of train station facilities. For the Metro Rail Transit

Toledo said the plan not only accelerates disbursements but also ensures that government spending translates into greater economic activities. Among the projects included in the DAP are the construction and rehabilitation of P5.5-billion worth of roads, bridges, flood

The DAP fast-tracks the imple-mentation of around 22 programs and projects, said Department of Budget and Management (DBM) Director Rolando Toledo, during the recent mid-year economic briefing held at the Platinum Ballroom of Mallberry Suites Business Hotel, here.

(MRT), P4.5 billion has also been provided for the purchase of ad-ditional train cars. In terms of agriculture and agrarian reform, the Department of Agriculture (DA) will construct and rehabilitate P1.62-billion worth of irrigation, farm-to-market roads and other infrastructure. Additional funding require-ments of P919 million will also be released for the Mindanao Rural Development Project (MRDP), P411 million for the Agno Riv-er Integrated Irrigation Project (ARIIP) while P1.29 billion will be

released for the Agrarian Reform Communities Project 2 of the Department of Agrarian Reform (DAR). The National Statistics Office, DA, DAR, DBM will also conduct a National Survey of Farmers and Fisherfolk (NSFF) with a budget of P625 million. While the Philippine Atmo-spheric, Geophysical and Astro-nomical Services Administration (PAGASA) will be afforded with a total of P425 million to improve its capacity, particularly on the

PROJECTS/PAGE 5

TUBOD, Lanao del Norte, Oct. 29 (PIA) – The Provincial Govern-ment will be celebrating the Eid Al-Adha through the Korban “Beef Sharing” Festival at the Provincial Trade Center, Sagadan, here, on Nov. 6, this year.

Gov. Mohamad Khalid Q. Dimaporo said Eid Al-Adha, also known as the “Festival of Sacrifice,” is the second most momentous festival in the Muslim calendar.

“This is an Islamic celebration to commemorate the willingness of Prophet Ibrahim to follow God’s command to sacrifice his son Ishmael,” he said.

Lanao del Norte, the Land of Beauty and Bounty, is the first province in the Philippines that will celebrate this very significant festivity through meat sharing with its constituents, the Governor also said. (PIA-10)

Eid Al-Adha “beef-sharing” festival , Nov. 6

3BusinessWeekMINDANAO

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4 BusinessWeekMINDANAOOct. 31-Nov. 3, 2011 Banking/FinanceBanking/Finance

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Showing confidence in the country’s economy, Cebuana Lhuillier aims to further expand in the countryside with about 200 more branches by the end of 2012.

Cebuana Lhuillier targets 200 more branches by next yearPAWNSHOP chain Cebuana Lhuillier plans to add 200 branches by 2012 in a bid to corner a bigger share of the remittance market. “We have plans to in-crease the number of our branches to strengthen our presence nationwide and serve areas where there are no banks or remittance ser-vice providers yet,” Philippe Andre D. Lhuillier, Cebuana Lhuillier Services Corp. (CLSC) vice president, told reporters at the launch of Cebuana Lhuillier’s part-nership with Wells Fargo & Company on Friday.

Cebuana Lhuillier for-malized its ties with San Francisco-based bank Wells Fargo. Through the partner-ship, Filipinos can send up to $1,000 a day to Cebuana Lhuillier branches nation-wide for $5. “We plan to increase our presence in the southern area, in Mindanao,” Mr. Lhuillier added. Fernando C. Bacungan, CLSC general manager, in a separate interview said the pawnshop chain targets to add “100 more branches” by yearend and “another

100 branches next year.” Cebuana Lhuillier has 1,500 branches nationwide at present. Mr. Bacungan said CLSC will open 20 of the 100 branches in Mindanao and the remaining 80 in Metro Manila, other parts of Luzon and Visayas. CLSC manages the ancil-lary services and products offered at Cebuana Lhuillier pawnshops. A pawnshop not only extends pawning services, but also remit-tance services. Clients may also buy insurance at the pawnshops.

BPI increases loan to deposit ratioWITH the Philippines showing resilience from the global crisis and the prevailing low interest rate environment, the Bank of the Philippine Islands (BPI) opted to grow its loan to deposit ratio with prudent domestic loans funded by low cost deposits. As such, the Bank’s asset base of P789 billion and deposits of P625 billion were just slightly ahead of last year. Despite mini-mal deposit growth, total intermediated funds of

P1.3 trillion grew by 20% coming primarily from a 44% growth in assets under management. Loan growth was sus-tained at 22% over last year and remained broad based across market segments and geographically. The corporate sector loan growth continued to be strong with the following growth rates: top tier corporations (24%), middle market (30%), SMEs (20%), while the consumer loans growth was modest at 11%. Loan to deposit

ratio thus improved from 56% to 66% with the peso component now at 75% from 64%. Despite the growing loan portfolio, net 30 days non-performing loans (NPL) remained below the industry NPL at 2.3% with reserve cover of 115%. The Bank’s Basel II capital adequacy ratio (CAR) was 15.9% while Tier 1 CAR was 14.4%. The Bank’s strategy en-abled it to maintain its net interest margin and, despite the market volatility in the

third quarter of the year, to grow its net income by 6% to P9.6 billion for the first nine months of the year. Return on equity was 15.5% and return on assets was 1.6%. Total revenues were up by 7% as net interest income improved by 9% fuelled by a P67 billion growth in aver-age asset base. Non-interest income was just slightly ahead of the previous year as securities trading gain fell short by P809 million

DBP loans to borrowers up by 18.13%STATEe-owned Develop-ment Bank of the Philip-pines (DBP) has increased its loans to borrowers to P112.9-billion as of Septem-ber this year, up by 18.13% from the P95.5-billion re-ported during the same period last year. DBP president & chief executive officer Francisco F. Del Rosario, Jr. said that of this amount, the bank approved P103.5-billion to priority developmental projects. “DBP’s activi-ties remain directed to-wards developmental initia-tives. We will continue to strengthen our assistance to key sectors of the economy and in the process, assist

the Aquino administration in enhancing the business climate in the country,” he said. Del Rosario said that P62.3-billion was approved for the priority areas of infrastructure and logistics, environment, micro, small and medium enterprises, and social services. Of this amount, P30.3-billion went to infrastructure and logis-tics, representing 26.86% of the bank’s loans to bor-rowers. The amount has supported projects mostly located in the National Capital Region (NCR), Cor-dillera Autonomous Region (CAR), Central Visayas, Southern Tagalog, Southern

Mindanao, and Cagayan Valley. DBP has also provided P13.5-billion to micro, small and medium enter-prises, representing 12% of its loans to borrowers. The said amount financed MSME projects in NCR, Eastern Visayas, Southern Tagalog, Western Visayas, and Central Luzon. DBP has also allocated P11.2-billion to social services, or 9.9% of its loans to borrowers. Projects funded under the DBP social services program are mainly based in NCR, Southern Tagalog, South-ern Mindanao, Bicol, and Central Luzon.

PNB plans to issue long-term deposit certificatesLUCIO TAN-controlled Phil-ippine National Bank (PNB) will issue long-term nego-tiable certificates of deposit (LTNCD) to raise P5 billion to help finance operations.In a disclosure to the stock exchange on Friday, PNB said it had obtained the central bank’s approval “to issue long-term negotiable certificates of up to P5 billion.” The issuance of the invest-ment instruments -- similar to time deposits but can be traded in the secondary market -- is scheduled “in the coming weeks, subject to favorable market condi-tions and compliance with regulatory requirements.” PNB said it will use the amount raised for “general corporate purposes and fur-ther strengthen its banking operations.” Horacio E. Cebrero III, PNB executive vice-president and Treasury head, said the bank is planning on issuing either five- or five-and-a-half-year LTNCDs. The issuance will be done in tranches, with the first expected to raise at least P3 billion. Deutsche Bank AG (Ma-nila), Multinational Invest-ment Bancorporation, Allied Banking Corp. (Allied Bank) and PNB Capital & Invest-ment Corp. have been chosen as arrangers. PNB raised P6.5 billion from the sale of lower Tier 2 notes in June to refinance maturing Tier 2 notes. It has gotten the central bank’s approval to raise up to P10 billion from the debt notes.

PSBank plans debt sale for acquisitionsPHILIPPINE SAVINGS Bank, the thrift banking arm of the Metrobank Group, is raising P5 billion from un-secured subordinated debt to strengthen its capital base as it scouts for acquisitions. In a disclosure to the stock exchange on Friday, PSBank said its “board of directors passed a resolu-tion [yesterday] approving the bank’s issuance of up to P5 billion in unsecured subordinated debt in one or more tranches with a term of 10 years and a call option on the fifth year.” It added that the “pur-pose of this issuance is to increase and strengthen

[its] capital base,” and con-sequently “freely pursue its expansion plans and prepare it for any future acquisition opportunity.” PSBank President Pas-cual M. Garcia III in a phone interview on Friday said the debt sale may take place “four months from now” as the bank still has to obtain the central bank’s approval for the plan. He did not elaborate on PSBanks’s acquisition plans, but should it materialize, it would be the bank’s first. In a separate disclosure, PSBank also said its board of directors also on Thursday

PSBANK/PAGE 5

BPI/PAGE 5

DBP/PAGE 5

5BusinessWeekMINDANAO

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Mindanao Passage Hotline:CAGAYAN (088) 856-9114/856-3702/854-7000 ILIGAN (063) 221-9914/223-3275

OZAMIZ (088) 521-0768/521-0789 DIPOLOG (065) 908-8341/212-2789 BUTUAN (085) 342-8529 SURIGAO (086) 826-8508

DAVAO (082)234-5824 GENSAN (083) 553-5974 COTABATO (064) 421-4175 ZAMBOANGA (062) 992-6114

CAGAYAN DE ORO MAIN BRANCH

P & J Lim Bldg., Tiano Brothers – Kalambagohan Sts.,

Tel. # (08822) 727-829 * Telefax # (088) 856-1947

CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao,

Camiguin Tel. # (088) 387-0491

CORRALES BRANCH Corrales Ave., Cagayan de Oro City

DIVISORIA BRANCH Att y. 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 City

Tel. # (088) 231-6739a

HEDCOR Sib-u l a n , I n c . awarded the

five Indigenous People scholars a certificate of completion for a 3-month welding course last October 15 during the turnover of annual royalty shares to IP community at the newly inaugurated Tribal Purok at Baran-gay Sibulan, Davao del Sur. “Dili masukod ang akong kalipay nga sa karon nakita na nako ang akoang kaugmaon. Makakita nako’g nindot nga trabaho puhon ug posibling masuklian na nako karon akong ginikanan sa pagpa-dako nila sa akoa. Kini tungod sa Hedcor sa paghatag nila sa ako og higayon nga makask-wela og welding nga libre ang tanan. (My happiness is immeasur-able seeing my future endeavor. Soon, I can have a good job and pos-sibly, I can repay my parents from bearing

Hedcor brightens the future of 5 OSYsme up. This is because of Hedcor for giving me a chance to study a welding course, all for free.),” said John Dave Gulani. The welding course administered by Technical Education Skills Development Au-thority (TESDA) was completed by Nestor Concepcion, Arnold Puroc, Jisson Aninipot, Delfin Lanzo, and Gu-lani who are residents of Hedcor’s host tribal community. They were once out-of-school youths (OSYs) who benefited the program. “Dako na ayu ang natabang sa Hedcor kanako, sa among pam-ilya ug labaw sa tanan sa among kumunidad. Lahi ra gyud among kahimtang sa una kesa karon nga ni abot ang Hedcor diri. (Hedcor aided a lot to me, to my family, and most of all to our community. When Hedcor came here, there is a big dif-ference in our living status now compared before),” Gulani added.

Puroc and Lanzo will render their 200 hours on-job-training (OJT) at Sibulan plant starting November 14 while Concepcion, Ani-nipot and Gulani were endorsed by TESDA to have their OJT in General Santos City.

CERTIFIED WELDERS . Five out-of-school youth from Bagobo-Tagabawa complete welding course administered by TESDA strike a pose with representatives from their benefactor, Hedcor Sibulan, Inc.

Projects...from page 2enhancement of its Doppler Radar Network (DRN), as well, as to establish a Na-tional Meteorological and Climate Center (MCC) with state-of-the-art information technology facilities. In light of the anticipated reduction in Internal Rev-enue Allotment (IRA) in 2012, a total of P6.5-billion will also be provided to local government units (LGUs) which are almost completely dependent on IRA for the construction of arterial roads that connect to national roads; rural electrifi cation for barangays and sitios, and other priority projects that have economic impact, preferably directed to poor sectors and communities. Another P6.5 billion will also be allocated for the various other programs and projects while the Quezon province will be given P750 million development as-sistance in line with the settlement of National Power Corp. tax liabilities.

Hedcor vice presi-dent Engr. Gregorio Jabonillo said, “Aside from providing clean and renewable energy, we from Hedcor are here because we are committed to help the community’s economic growth including the

free education to our host indigenous peo-ple”. Hedcor regularly undertakes Corporate Social Responsibility projects focusing on education, health, re-forestation, energiza-tion, and livelihood.

AboitizPower’s sub-sidiary Hedcor is the Philippines largest de-veloper and producer of run-of-rivers hydro-power facilities operat-ing in Benguet, Ilocos Sur, and Davao with a total capacity of 150 MW.

Th ursday approved a regular cash dividend equivalent to 0.15 centavos per share for the third quarter, for a total P36.038 million. The record and payment date would be announced aft er PSBank gains the central bank’s go-ahead. Asked about the bank’s per-formance in the January to September period, Mr. Garcia said PSBank earned about the same as last year. PSBank booked a net income of P1.5 billion in the nine months to September last year, and for the fi rst half of this year, P916 million, which was 13% higher than a year earlier.

PSBank...from page 4

BPI...from page 4

maintenance of our yields at the expense of asset growth. Given a risk on, risk off environment, we are communicating more with our customers to provide better than foreign market investor returns and robust, diversi-fi ed lending growth to help the economy.”

from last year as expected. Th is was however more than com-pensated for by higher fees and commissions, income from in-surance operations, and other operating income. Operating costs were how-ever higher by 13% with half of the increase arising from salary adjustments and CBA related expenses. Increases were also seen in premises cost, regulatory costs, and other vari-able expenses. With the Bank’s relatively stable asset quality and suffi cient loan loss reserve coverage, the Bank booked lower year to date impairment losses of P1.5 billion. Aurelio R. Montinola III, President and Chief Executive Officer of BPI said “Despite sustained growth, we are still cautious and monitoring external events and any possible trans-mission risks to BPI. We have therefore decided to focus on the safety of our assets and the

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ALLAN MEDIANTEEXECUTIVE EDITOR

Talking to the DeadTHINK a minute… A cemetery in Indiana, America has a gravestone with these words on it: “Stop stranger, when you pass me by. As you are now, so once was I. As I am now, so you will be. So prepare to die, and follow me!” A person walking by added these words underneath: “To follow you I’m not content, until I know which way you went!” Do you sometimes won-der where your family and friends who’ve died are now? Do they want you to come where they are? Don’t you wish they could talk to you? Where are all those people

now who suddenly died in the World Trade Center in New York City on September 11, 2001? Jesus Christ made it very clear that we already know where we’re going after we die, since it’s only now that we can choose where we’ll live after we die. He warns us that it will be too late after we die to choose or change our mind. Jesus said there are only two choices: to completely believe Him and live His way everyday, or, to keep living our own way. Heaven or hell. Jesus said there’s no in-between place for nice, good people who won’t ask

for His gift of forgiveness and live for Him every day. None of us is perfect. We’ve all done some things wrong that we need Jesus to forgive us for and start changing in our character and way of living. So we don’t need to talk to the dead to find out about life after death. Jesus Christ has already told us the truth and everything we need to know to go where we want to live after we die—together with Him and His true fam-ily in heaven. So for your own peace of mind and safety, won’t you ask Jesus to forgive you for living your own way before

it’s too late? Then ask Him to take full charge of your heart and help you start living His way every day, for the rest of your life. Just think a minute…

OpinionOpinion

BSP assists banks in typhoon-ravaged areasTHE recent typhoons and tropical storms such as “Pedring,” “Mina” and “Juaning” have brought much devastation to vari-ous cities and provinces in the country. While media reports normally focus on the loss of lives, resources and property, little is said about the storms’ effects on the banking system. Figures from the Bangko Sentral ng Pilipinas (BSP) Supervisory Data Center indicate that 450 head of-fices and 1,812 branches of banks are located in the areas affected by Septem-ber’s Pedring. As a consequence, banks in the typhoon-affected areas have experienced the

following problems: • Higher past due loan ratio with the borrowers in the affected areas now having difficulty paying their obligations on time; • Inability to comply with legal reserves due to an unexpected decline in loan collections; and • Delay in the submission of mandatory regular BSP reports due to damages in bank facilities and records/systems. The National Disaster Risk Reduction and Manage-ment Council (NDRRMC), in its report dated October 11, 2011, listed 35 provinces of Regions I, II, III, IV-A, IV-B, V, VI, the National Capital Region, and the Cordillera Administrative

rower loans in affected areas during a temporary grace period for payment or upon their restructuring and subject to reporting to the BSP; • The reduction of the five percent general loan loss provision to one per-cent for restructured loans to borrowers in affected areas; • The non-imposition of penalties on legal reserve deficiencies; • Moratorium without penalty on monthly pay-ments due to the BSP;

• The booking of allow-ances for probable losses on a staggered basis over a maximum period of five years for all types of credit; • The non-imposition of monetary penalties for delays in submission of supervisory reports; and • The provision by banks of financial assistance to typhoon-affected officers and employees. Also, rediscounting banks are granted a 60-day grace period to settle outstanding rediscounting obligations upon applica-tion, and are allowed to restructure with the BSP on a case-to-case basis. Rediscounting is a privi-lege of a qualified bank to obtain loans or advances

from the BSP using the eligible papers of its bor-rowers as collaterals. Note that in the past, the Monetary Board has also granted similar temporary regulatory relief to banks in areas affected by typhoons Mina and Juaning. Note: You may email us at totingbunye2000@gmail.com.

Region as affected by Pe-dring. Particularly hard hit were the provinces of Quirino, Isabela, Nueva Ecija, Nueva Vizcaya and Cavite, includ-ing the cities of Malabon, Navotas and Marikina, which were declared under a state of calamity. To assist the thrift banks, rural banks and coopera-tive banks in these areas, the Monetary Board has approved the grant of tem-porary regulatory relief, as follows: • The exclusion of bor-

Rediscounting is a privilege of a qualified bank to obtain loans or advances from the BSP using the eligible papers of its borrowers as collaterals.

In the late 80’s we fol-low the Tour ng Pilipinas through the hot shot cities of the Philippines. Every year during the summer period corporate sponsors bank rolled by a famous cigarette brand brings out the best of the Filipino professional cyclist to the road. From the cool winds in Tagaytay, riders compete in the road for honors and prizes up to the blistering summer heat in Tarlac to Pangasinan. Up to the penultimate route that goes up to Baguio City from La Union Province, the likes of Cornelio Pa-dilla, speedster Rodrigo Abaguita, Reynante and many others who earned the tag as “Eagles of the Mountain” were discov-ered and written in the sports page of the leading national newspapers in the country as the best riders at that time.

There is euphoria and human interest that goes with any sports competi-tion. The athletic talents, adulations and competi-tiveness of a team or an individual create a throng of followers. It brings the whole town cheering for their homegrown athletes. Team owners and support staff travels and sometimes

Sports Tourism

the whole nation travel their fingers scanning the sports pages.

A ragtag football team assembled in less than two years period of active com-petition captured the imagi-nation of the whole country that there is hope that we Filipinos can excel in a fast running game dominated by the Europeans. The dreams of a world cup stint fantasies the youth and it raises air in our adrenalin.

In boxing, we have proven ourselves as world class champions to reckon with. The names of Elorde, Penalosa, Pacquiao and Donaire are household names that even toddlers can recognize them. In bas-ketball, we may no longer win a major championship against the hefty Koreans and the behemoths Chi-nese with their Mongolian prowess but it remains

the most popular sports in our country. Players in the professional league are the most traveled to the major cities and the most followed. Who among Fili-pinos do not know James Yap? Even the bandits in Al Barka, Basilan can recog-nize and knows Asi Taulava, the color of his hair dye is even copied.

Sports events create tourism interests. Major athletic competitions draws patronage and sports heroes and celebrities are natural attractions for people to go out and spend whenever they are featured com-petitors.

A single PBA team spends an average of P350, 000 per travel, airline tick-ets, meals and hotel accom-modation for a provincial game. Multiply it with two teams, officials and national sports journal-

ist; it would cost a mod-est P800, 000 to stage an out of town professional basketball games.

And how much will it cost to bring the Ameri-can Soccer Team headed by David Becham for an exhibition match against our Azkalls Team this De-cember in Manila? The amount of travel, interest and patronage? Only MVP will know as he is the prin-cipal sponsor, donor and benefactor.

Sports tourism could be the biggest drawer. When the summer Olympics reels off in London next year, the economic impact is insurmountable. Major credit card billings will total to billions of dollars from London. The whole country will be filled up with tourist that even their Piccadilly Park will be on standing room only.

“A single PBA team spends an average of P350, 000 per travel, airline tickets, meals and hotel accommodation for a provincial game.” PED T. QUIAMJOT

TRAVERSING THETRAVERSING THETOURISM HI-WAYTOURISM HI-WAY

JHAN TIAFAUHURST

THINK A MINUTETHINK A MINUTE

IGNACIO BUNYE

SPEAKING OUTSPEAKING OUT

7BusinessWeekMINDANAO Oct. 31-Nov. 3, 2011Views.OpinionViews.Opinion

HEALTH INHEALTH INFOCUSFOCUS

DR. MARY JEANLORECHE-DIAO

BusinessWeek

THE City of Golden Friend-ship will once again host Concert King Martin Nie-vera who’ll be coming back to back with Popstar Prin-cess Sarah Geronimo in Viva Concerts “MARTIN NIEVERA AND SARAH GERONIMO in What Love Is – The Philippine Concert Tour” Live in Cagayan de Oro” on Friday, Novem-ber 4th, 2011, 8pm at The Atrium of Limketkai Center.

Both artists have been frequent visitors of Cagayan de Oro but this time Sarah is coming off her recent PMPC Star Award Awards for Mu-sic where she was named “Best Female Recording Artist” during the awards night held 16 October at the Ateneo de Manila University Lee Irwin Theatre. Sarah’s career took off in 2002 when she bagged the grand prize in “Star for a Night”.

Meantime, Martin is set to jam with Side A in Viva’s 30th anniversary celebra-tion with “All For 1” at the Smart Araneta Coliseum on Nov. 11. The concert offi-cially kicks off Viva Films’ year-long 30th anniversary celebration and marks the date when Viva released the first-ever Sharon Cuneta-Gabby Concepcion movie, “P.S. I Love You” exactly 30 years ago.

Martin and Side A both have a lot in common with Viva CEO Vic del Rosario. Martin wrote the lyrics for the theme for “Wanted: Perfect Mother” one of Viva’s most successful mov-ies while Side A scored their initial successes dur-ing their stint with Vicor

Music Corporation, the music arm of Viva set up by Mr. Del Rosario. Viva has since diversified into music, television, concerts, artist management, and events. It is now being run by Vic’s kids Vincent and Veronique with Vic as their consultant.

Meantime, Martin is looking forward to his first ever team-up with Sha-ron Cuneta on Feb. 11, 2012 at the Smart Araneta Coliseum. In a recent TV interview, Martin also ex-pressed his desire to do a concert with Pilita Corrales who introduced him to Vic del Rosario in the 80’s and started his stellar career with the international hit “Be My Lady.”

Mr. Jesus T. Bosque, Assistant Vice President and Special Assistant to the Chairman for Vismin Operations of Viva Com-munications Incorporated said Martin and Sarah’s concert in Cagayan de Oro will feature musical direc-tion by

veteran arranger Mr. Louis Ocampo with a full band complement from Manila.

Produced by FEMAN Concert and Events the show happens on November 4, 2011, Friday, 8:00pm at The Atrium – Limketkai Center. Tickets are priced at P350, P700, P1000, P1500 and VIP P2000 (numbered seats) and are available at the Limketkai Customer Service, The Park Café 24/7 and at choice ticket outlets and select establishments around the city.

Franchise relationship, Part IFRANCHISORS typically pro-hibit their franchises from hav-ing investments in or perform-ing services for a competitive business. This prohibition is intended to protect confiden-tial information, maintain the Franchisor’s revenue, prevent the use by competitors of the Franchisor’s know-how and focus the Franchisee’s efforts on his franchised business. Such prohibitions are some-times limited to the Franchi-see’s territory or a larger ter-ritory, but frequently have no geographic limitation. Prohib-ited competitive business may be defined broadly, including related types of business. Such prohibitions are a deterrent to the Franchisee and a risk to termination of his franchise if he does not comply. We call that the COVENANCE clause in the Franchise Agreement. Franchisors restrict trans-fers of their Franchisees in order to maintain control over the persons who operate them. Such restrictions should apply to the franchise agreement,

ownership of Franchisee and the assets of the Franchisee’s business. Typically the Franchisor reserves the right to approve the transferee and the terms of transfer. The right to approve the terms of transfer is impor-tant to insure that the buyer of the Franchisee’s business does not substantially overpay for it, or accept burdensome payment terms, which could jeopardize his ability to oper-ate the business in compliance with the terms of the franchise. Some franchise agreements merely provide that the Fran-chisor will not unreasonably withhold approval of a transfer. Others specify in con-siderable details the criteria for approval relating to the proposed transferee and the terms of the transfer. It is common for Franchi-sors to reserve a right of first refusal to buy the Franchisee’s business on the same terms as are offered by a bona fide purchaser. Franchisors exercise this

right to acquire franchised businesses as company-owned outlets and, occasionally, in lieu of denying approval of a proposed transfer when the Franchisor is unsure that it has sufficient grounds to disap-prove a prospective transferee. Rudolf A. Kotik is the Founder of RK Franchise Con-sultancy who developed more than 400 Franchises in the Philippines and can be reached through rk@rkfranchise.com

I HAD the opportunity to interview the Misamis Oriental Provincial Health Officer, Dr Ignacio Moreno, during the taping of Dy-namic Living the Total You, together with his energetic and very accommodat-ing staff, on their health programs. The focus of the discussion was the Ga-rantisadong Pambata, aptly called GP. Being a Medical Doctor, at first glance I really thought it stood for General Practitioner! Garantisadong Pambata, is a continuing program, which started as early as 1986 ( or thereabouts ), with maybe different names attached to it. But this time, this program is multi sectoral , and inter agency. Where before it was the sole responsibility of the Department of Health in implementing the program, this time, the Department of Education, the Local and Interior Government, Social

Tatak GP, Tatak Bida!Welfare and Development, are active participants as well. But, what really caught my attention and admiration for the program is its Holistic approach to the health needs of children ages 0-14! Cognizant of the role of children in the society, them being the future pillars of the country, the Government expanded the components of the program. Immunization, Micro- nutrients supple-mentation, De-worming and breast feeding are the main-stays of the program. The addition of proper brushing of the teeth, hand washing, use of toilets and no smok-ing, completes the package! I agree with Dr Moreno, when he said that the expanded Garantisadong Pambata is now geared towards a Holistic approach. The families and caregivers, members of the community have each a role in making sure that children are nurtured in a safe and healthy environment.

Looking more closely into the GP, I would safely say, that these are public health concerns. I have al-ways been an advocate of Preventive Medicine. An ounce of prevention is always better and less costly than a pound of cure. Thus, making safe and healthy our chil-dren, should be everybody’s concern. Quoting Dr Juan Flavier then, I should say Let’s DOH It!

The Night Stalker:

MARTIN NIEVERA & SARAH GERONIMO

WHAT LOVE IS…. LIVE! IN CAGAYAN DE ORO

RUDOLF A. KOTIK

FRANCHISINGFRANCHISING

Aggie.NewsAggie.News8 BusinessWeekMINDANAOOct. 31-Nov. 3, 2011

THE municipality of Mam-bajao, in the island-province of Camiguin is on track in luring more economic op-portunities to thrive in the area as the Department of Agriculture Regional Field Office 10 (DA-10) through the Agribusiness and Mar-keting Assistance Division (AMAD) has turned-over, recently, an P 11 million-worth Municipal Food Ter-minal (MFT).

The said food terminal, occupying a 513-square meter land area, is strategi-cally located at the prime commercial lots near the Mambajao Public Market. On one hand, the municipal local government unit con-tributed P 1 million of the total project cost, covering site development. On the other hand, DA-AMAD shouldered the rest of the expenditure that totalled to P 10 million, in payment for the construction of the building.

With the project at hand, it will provide targeted ben-eficiaries, ranging from farmers, fisherfolks, down to the consumers greater access to basic food necessi-

Mambajao Food Terminal prompts economic opportunitiesties that are safe, nutritious and affordable.

According to Engr. Lean-dro H. Gazmin, Director of the Agribusiness and Mar-keting Assistance Services, the inauguration of the MFT also coincides with the Na-tional Consumers’ Welfare Month celebration, which carries the theme “Sapat, Ligtas at Abot-Kayang Pag-kain para sa Lahat”.

Apart from guaranteeing a direct linkage, wherein producers are brought closer to buyers, he added, that the project would ensure maximized productivity and income of farmers and fisherfolks in Mambajao, including that of its neigh-bouring municipalities as their agricultural produce is assured of a market.

In addition, Dir. Gazmin explained that through the MFT, adequate supply and stable prices of agricul-tural commodities would be highly feasible as it slashes trade layers and transporta-tion fees that pad the cost of farmers and fisherfolks’ goods from farm gates to the consumers.

Meanwhile, Constancio

C. Maghanoy, Jr., Regional Technical Director for Op-erations of DA-10 revealed the department’s shift of stance in extending aid to agricultural stakeholders. Instead of doling out the provision of projects, he said, that DA is keen in implementing long-term and sustainable interven-tions. Among the depart-ment’s priority programs, he said, include infrastruc-ture projects such as irriga-tion, farm-to-market roads (FMRs) and post-harvest

PANEDOTTE PASTRIES are available at Tagoloan, Misamis Oriental, just in front of the Senior Citizens Center in Tagoloan, Misamis Oriental with Tel Nos. (08822) 740-211, (088) 856-2419; Cell Phone Nos. 0917-706-2247 and 0917-706-1516, or visit them at 162 M.H. del Pilar –Velez Sts., Cagayan de Oro City

PANEDOTTE PASTRIES

Available at GAISANO SUPERMART and at LUMBIA AIRPORT PRE DEPARTURE AREA

The opening of the Municipal Food Terminal (MFT) in Mambajao signals more economic opportunities to flock within the munici-pality as farmers and fisherfolks are given a good venue to sell their agricultural produce at exceedingly low prices due to the trimming down of trading layers brought about by the MFT. The ceremonial turn-over of the building is graced by (L-R) Engr. Leandro H. Gazmin, Director of the Agribusiness and Marketing Assistance Services; Hon. Jurdin Jesus M. Romualdo, Provincial Governor – Camiguin; Hon. Pedro P. Romualdo, Representative Lone District – Camiguin; and Hon. Mayor of Mambajao Ma. Luisa D. Romualdo.

With much pride and delight, Hon. Mayor of Mambajao Ma. Lu-isa D. Romualdo symbolically accepts full responsibility of the maintenance and workability of the MFT from Engr. Leandro H. Gazmin, Director of the Agribusiness and Marketing Assistance Services.

facilities. To support to the proj-

ect’s enduring operation, RTD Maghanoy pledged that the department will carry on in coordinating with the LGU in conduct-ing farming imperatives, from the pre-production stage up until the market-ing phase.

He also deemed, the im-portance of the food termi-nal’s workability by properly organizing and managing producers. If and when, such state will prosper, RTD

Maghanoy is optimistic that the constituents can focus on seeking out additional agricultural produce that are barely available within their municipality and from its adjacent localities.

Accepting the formal turnover of the project are the residents of Mambajao, led by Honorable Mayor Ma. Luisa D. Romualdo.

Also, joining her is Hon. Pedro P. Romualdo, Rep-resentative Lone District – Camiguin; Hon. Jurdin Jesus M. Romualdo, Provincial Governor; Engr. Renero G. Torion, Provincial Agricul-turist; Dr. Louis Bollozos, Provincial Veterinarian; and other esteemed officials and guests. ### (joanne l. olson, da-10)

us by Power Sector Assets Liabilities and Management/National Power Corp.” Alabanza said beginning October 19, NGCP imple-mented load curtailment based on PSALM/NPC’s matrix when available re-serve energy levels dropped to negative 12 MW, and persisted until October 24 when reserves were at nega-tive 45 MW. “Grid conditions im-proved to a yellow-alert status on October 25, the day one of the plants on sched-uled maintenance went back online. Still, the reduced capability of other plants led to a situation where the available reserves were in-sufficient to meet the grid’s required contingency.”

Power..from page 1

with the MILF. “This way the govern-ment could also test the sincerity of the MILF in discrediting their rogue elements and in respect-ing the agreement with the Philippine Government,” he said. Tanada who is also the party spokesperson was invited by the City of Mati in its celebration of Sam-buokan 2011 and the 108th Foundation Anniversary of the said city.

Leaders..from page 1he added. The representative said the president decided on a two-pronged approach to get that all-out justice. First is by way of a calculated and targeted enforcement of the law against those who have violated and those responsible for the death of the soldiers. Second, Pres. Aquino would still want to continue talking for peace

power grid’s security and reliability. “It is NGCP’s obligation under the law and its franchise to ensure that the grid operates at an optimum level with due consideration for safety, se-curity and reliability,” stated Cynthia P. Alabanza, NGCP spokesman and adviser for external affairs. “The level of curtailment is based on the Mindanao generation deficiency matrix issued to us by PSALM/NPC. NGCP does not, by itself, determine which fran-chise area or distribution utility gets what portion of the available supply. We only follow a matrix supplied to

PDEA, Bukidnon government dismantle P4.5-M marijuana plantationBy ANN NOBLE

Bukidnon Bureau ChiefBukidnon Governor Alex P. Calingasan and Cabanglasan Mayor Rogelio C. Castillanes. The initial bulk turned over to the authorities was just part of an estimated 40-50 hectare plantation sporadi-cally planted with the illegal drug. The PDEA operatives that initiated the “Oplan Salirongan” said this is the biggest drug haul in Mind-anao so far. The town of Cabanglasan has been on the watch list of PDEA as reports said some of its remote sitios near the adjacent province of Agusan del Sur are being used as plantations for the illegal drug. From the PDEA –Bukid-

MALAYBALAY CITY, Bukid-non --- An estimated P4.5 million worth marijuana plantation in Sitio Salirongan of Barangay Cananga-an in Cabanglasan town of this province was dismantled this week by the local govern-ment and the operatives of Philippine Drug Enforcement Agency (PDEA) – Bukidnon. Lumads or indigenous people (IP) belonging to the Umayamnon tribe in the said village turned over on Thursday, October 27 an initial 30 sacks of dried marijuana plants to the op-eratives of PDEA and to the local government led by

non team leader who re-quested not to be named, at least three towns of Bukidnon were identified by PDEA as hotspots for marijuana plan-tations. These towns located along the boundaries of the province were Cabanglasan (along Agusan province), San Fernando (Along Davao province boundaries) and Talakag of which part of its remote barangays are along the boundaries of Lanao province. Governor Alex Calingasan said this is just the tip of the iceberg as the provin-cial government intensified its campaign to dismantle marijuana plantations in the province. According to Governor Calingasan, a wife’s challenge to address the problem on drugs in the municipality or vacate the government post started also the mas-sive campaign against illegal drugs in the municipality of Cabanglasan. He said, Cabanglasan

Mayor Castillanes’ wife made the challenge to her husband when reports reached to the mayor’s wife that school chil-dren in the area are starting to get hooked to marijuana. It was learned from PDEA that marijuana proliferates in the area for more than 10 years already but the drug problem was unresolved because of the indigenous people’s resistance to put an end to its propagation due to economic reason. A sack of marijuana in the

hinterland costs P 200-400 but PDEA operative here said that it could fetch P4-5 thousand for its street value per sack and could go as far as P15-20 thousand when repacked by street sellers. According to Provincial Legal Consultant Jeoffrey Sayson, the provincial gov-ernment pledged a liveli-hood assistance fund for the Umayamnon lumads who surrendered the marijuana plants to the government. Tribal elders Apo Mang-garin and Datu Imbatodog were negotiated by Mayor Castillanes to turn over to the government the marijuana plants and stop totally the plantation informing them that planting of marijuana is illegal.

Villagers told they are not aware it is illegal and re-vealed they were encouraged to plant marijuana long ago by individuals from outside the village with promise for regular buy out. The IPs among others asked the provincial gov-ernment for basic support services such as education, road and bridges to help them make a start. Governor Calingasan planned on making Sitio Salirongan a pilot area for development among the IPs in return for their coopera-tion. An undisclosed date was scheduled for the uprooting of the marijuana plants in Sitio Salirongan, PDEA operatives said.

Actual burning of the dried marijuana turned over by the IPs to the local government of Cabanglasan.

9BusinessWeekMINDANAO

Oct. 31-Nov. 3, 2011Congress.Watch Congress.Watch

Rep. Rufus B. Rodriguez of the 2nd District of Cagayan de Oro City participates during the hearing of the Committee on Basic Education and Culture on House Bill 3000 (renaming Gusa National High School into Gusa Regional Science High School-X) which he authored together with Abante Mindanao Rep. Maximo Rodriguez. The bill has already been approved on third reading and is awaiting the action of the Senate.

Abolition of government corporations gets supportA MEASURE seeking to abolish underperforming Government-Owned and Controlled Corporations (GOCCs) and Govern-ment Financial Institutions (GFIs is getting support not only from members of the House of Repre-sentatives, but also local leaders who see the need for austerity programs in government. Cagayan de Oro Rep. Rufus Rodriguez, author of the bill, also sought the closing down of Manila Gas Corp., Northern Foods Corp., Philippine Institute for Development Studies, Philippine Convention and Visitors Corp., and Philip-pine Center for Economic Development. Co-author and Abante Mindanao party-list Rep. Maximo Rodriguez pro-posed to provide two and a half month salary as separation pay to all of-ficers and employees of underperforming GOCCS and GFIs that would be abolished.

Camarines Sur Gov. Luis “L-Ray” Villafuerte Jr. expressed his support to House Bill 2867, which promotes spending only for things that are vital to the country by removing excess expenses from 36 GOCCs and GFIs, that are “unnecessary, under-performing and losing.” In a letter dated October 18, Villafuerte informed President Benigno Aquino III that the approval of the legislative proposal would save a total of P7.28 billion in government subsidies to 120 state-run firms over the period from January to May this year alone. “We are one with the sent iments of the bi l l authors that the contin-ued operations of these state-run firms have put a strain on the government’s budget deficit,” Villafuerte said in his letter. The young Villafuerte urged the Chief Executive to abolish the Partido De-velopment Administration (PDA) claiming that the

GOCC has been operating at loss of P66.24 million in 2008 and P33.35 million in 2009. He claimed that PDA’s foreign loans and national debts amounts to more than P1 billion, which is allegedly being paid and assumed by the national government. “We believe that the PDA has done little to alleviate poverty in Partido Area and that its debts, expenses, etc are not commensurate with what our people deserve,” he claimed. Villafuerte said the PDA was created in 1994 by Republic Act 7820 as a corporate entity tasked to oversee the development of 10 municipalities in the fourth district of Ca-marines Sur that became operational in October 1997. The PDA is included in the 36 “unnecessary, un-derperforming and losing” GOCCs and GFIs, which House Bill 2867 wants to abolish.

AMLA bill OK’d on second readingTHE HOUSE of Representatives recently approved on second reading a “watered-down version” of a bill intended to strengthen Republic Act 9160 or Anti-Money Laundering Act (AMLA), with the authors claiming the amendments introduced during the floor delib-erations effectively defeated the purpose of the measure. A provision in House Bill (HB) 4275 that would have allowed the Anti-Money Laundering Council (AMLC) to inquire into or examine bank accounts of suspected money launderers without informing the account holders, provided there was probable cause, was removed. The amendment did not sit well with author and Cagayan de Oro City Rep. Rufus B. Rodriguez (2nd district), who said the bill has been rendered “ineffective.” “The bill has been watered down. Without that phrase, the court would have to notify the owner of the bank account, who can now withdraw the money believed to have been acquired from illegal means,” he said in a phone interview. He explained that the present practice of informing suspects of money laundering that their accounts would be investigated “has constantly hindered the authorities from making arrests.” During the floor deliberations, House Minority Leader Edcel C. Lagman (1st district, Albay)

proposed the phrase “after due notice and hearing,” which would require the AMLC to secure an order from the Court of Appeals before it could look into suspected accounts. Depositor would also be in-formed the AMLC would examine their bank accounts. Parañaque City Rep. Roilo S. Golez, another author, said the bill is now “less strong” after the amend-ments, but hoped the Senate banks, fi nancial institutions and currencies committee, which is discussing the same measure, “will move to give the bill more teeth.” “We let [the amendment] pass in order not to delay the proceedings.... We will continue to fight in the [bicameral confer-ence committee],” he added in a text message. Senator Sergio R. Osmeña III, chairman of the Senate banks, financial institutions and cur-rencies committee, refused to comment until he has read the House bill. Lawmakers at the House also lowered the maximum penalty for offenses to P100,000 from the P500,000 the House banks and financial intermediaries committee had proposed. They also deleted a provision in HB 4275 that would have allowed the AMLC to issue a freeze order effective for a period of 20 days, five days longer than the current

15 days, without informing an account holder, Leyte Rep. Sergio F. Apostol (2nd district), chairman of the House banks and financial intermediaries committee, said in a chance interview on Wednesday night. “There was a move to delete it. We agreed because the AMLC can apply for a freeze order from the [Court of Appeals],” he said. After stripping the bill of its “essential features,” Mr. Rodri-guez said what remained as the most significant amendment to AMLA is the expansion of the list of institutions required to report suspicious transactions. Added to the list were casinos, real estate agents and jewelry dealers. Kidnapping for ransom, drug dealing, illegal gambling, graft, plunder, piracy from high seas and robbery and extortion were added as predicate crimes. AMLA, approved in 2001, defined money laundering as a criminal offense and formed the AMLC, which is the central monitoring and implementing council. Money laundering refers to is a crime whereby proceeds of an unlawful activity are transacted to make them appear to have originated from legitimate sources, according to the AMLC website. The AMLC could not be reached for comment regarding the changes to HB 4275.

plant we propose cannot in any way be made un-necessary by the RE-based power plants most favored by Mr. Tauli---solar PV [photovoltaic]. A baseload plant by definition pro-vides a reliable foundation of power generation for a power grid. It should be able to run 24 hours a day, 365 days a year on reasonably priced fuel,” Orig said. Orig also underscored solar as not reliable as fossil-based power plants; it is also very costly. “One hundred mega-watts (MW) of solar PV wi l l cos t the countr y

Solar..from page 1

ers and proponents of oil- and coal-fueled power plants…” and that “Renew-able Energy (RE)-based power plants will make un-necessary the coal-power plant proposed for Davao City.” Aboitiz is proposing to build a 300-megawatt (MW) circulat ing f lu-idized-bed power plant in southern Davao and five run-of-river hydro-power plants in Davao City, Davao del Sur and Bukidnon. “The 300-MW baseload

around P2.5 billion a year even if it will only pro-vide less than 2 percent of Mindanao’s annual power generation,” Orig said. To recover the cost of the investors of solar power, Filipinos power consumers nationwide will be made to pay P2.1 billion in subsidy for 20 years. “P2.1 billion can build us 2,625 classrooms in 20 years; you do the math,” Orig said. Other power produc-ers will have to sell their power in the free market without subsidy, making the playing field uneven, he said.

10 BusinessWeekMINDANAOOct. 31-Nov. 3, 2011

LOT FOR SALEBEACH HOUSE

Baloy, Cagayan de Oro CityBy appointment only

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REPUBLIC OF THE PHILIPPINESREGIONAL TRIAL COURT10TH JUDICIAL REGION

BRANCH 28MAMBAJAO, CAMIGUIN

IN THE MATTER OF THE ADOPTION SPL. PROC. NO. 443OF THE MINOR KRYSTAL JANE DADO,

SPOUSES ROMEO N. ENCENDENCIA ANDZENAIDA DADO-ENCENDENCIA, Petitioners.X-------------------------------------------------/

ORDER

Petitioners, through counsel, avers, that they are Canadian citizens (Former Filipino Citizens), of legal ages and capacities, husband and wife and residents of 14985 Bluebird Cresent Surrey BC V3R 4T8, Canada but can be served with summons and other processes of the Court at Aguran, Bonbon, Sagay, Camiguin, care of Spouses Tomas A. Dado and Angelita O. Dado. Petitioners who are fifty six (56) and fifty one (51) years old respectively, have been legally married for nearly thirty (30) years but have not been blessed with a baby girl. They seek to adopt the minor Krystal Jane Dado who was born legitimate on November 20, 2004, to Spouses Tomas A. Dado and Angelita O. Dado who gave their consent to the adop-tion. The biological son of the petitioner also gave their consent to the adoption. Petitioners are gainfully employed and possess all the qualifications and none of the disqualifications to adopt. Finding the petition sufficient in form and substance, the same is hereby set for hearing in this Court’s Session Hall, at Lakas, Mambajao, Camiguin on December 7, 2011 to start at 8:30 o’clock in the morning. Let copy of the petition and of this Order be furnished the Regional Director of the Department of Social Welfare and Development, Region X, Cagayan de Oro City, for the preparation and confirmation of the child and home study reports and submit the same before the date of hearing as well as to conduct counseling sessions with the natural parents on the matter of adoption of the adoptee and accordingly submit a report therein before the date of hearing; and another copy of the petition and of this Order be furnished the Office of the Solicitor General, the Provincial Prosecutor of Camiguin, the Local Civil Registrar of Mambajao, Camiguin, the Local Civil Registrar of Sagay, Camiguin and the biological parents Spouses Tomas A. Dado and Angelita O. Dado at Aguran, Bonbon, Sagay, Camiguin for any step they may deem best and proper to take in this Petition. Let copy of this Order be published at petitioners’ expense once a week for three successive weeks before the scheduled hearing in any newspaper of general circulation in the Province of Camiguin. Any person or entity opposed to the petition in this case may file written opposition at any reasonable time before the scheduled hearing and personally appear during the hearing to show cause why the petition shall not be granted. SO ORDERED. Done in Mambajao, Camiguin, this 12th day of September 2011.

(Sgd.) RUSTICO PADERANGA Judge BWM Oct. 24, 31 & Nov. 7, 2011

RA form No. 10.1 (LCRO)Republic of the PhilippinesLocal Civil Registry OfficeProvince: Misamis OrientalCity/Municipality: Medina

NOTICE FOR PUBLICATION

In compliance with Section 5 of R.A Act No. 9048 a notice is hereby served to the public that ANECITAS CAHOY ETOR has filed with this Officea petition for change of first name from ENICITAS to ANECITAS

In the birth certificate of ENICITAS CAHOY who was born on (complete name of document owner)20 March 1949 at Medina, Misamis Oriental and whose parents(complete date of birth) (place of birth)are DEMETRIO CAHOY and ANACLITA VELOZ. (name of father) (name of mother) Any person adversely affected by said petition may file his written opposition with this Office not later than November 8, 2011. (Sgd.) MARINA MAQUIDATO-AMONCIO Municipal Civil Registrar

(complete name of the petitioner)

(new first name to be adopted)

(first name to be changed)

BWM Oct. 31 & Nov. 7, 2011

Misamis Oriental’s Early Childhood Care and Development Dept. headed by Dr. Ma. Bebina T. Casiño, provincial CEED officer (2nd from left) listens intently as a child contestant from one of the province’s municipality explains her painting in “Draw and Tell” during the culminating activity of Universal Children’s Month held Friday, October 28, 2011 at the provincial capitol grounds.

PHOTO BY MIKE BAÑOS, NPN

and retail trade, and agricul-ture among others. Of the said amount, P13.2-billion went to the manufacturing sector particularly for cli-ents based in NCR, Central Visayas, Southern Tagalog, and Western Mindanao. The wholesale and retail trade sector also received P13.1-billion in assistance, with majority of the proj-ects located in NCR and Southern Mindanao. DBP’s commercial loans, meanwhile, stood at P9.3-billion. Del Rosario added that the percentage of developmental loans to com-mercial loans is 91.78% and 8.22%, respectively.

DBP...from page 4

Environment-related projects meanwhile have been supported with P7.1-billion funding, or 6.32% of DBP’s loans to borrowers. Bulk of these projects is located in Central Vi-sayas, Northern Mind-anao, Southern Tagalog, and Western Visayas. Del Rosario said that P41.3-billion went to other developmental loans, or second-priority areas, rep-resenting 36.5% of DBP’s loans to borrowers. These areas include construction, manufacturing, wholesale

MisOr•TodayMisOr•Today

THE Early Childhood Care and Development Depart-ment of Misamis Orien-tal marked the worldwide celebration of Universal Children’s Month every October with a day-long event Friday, 28 October 2011 at the provincial capitol grounds in Cagayan de Oro City with the theme: “Local Council for the Protection of Children (LCPC) Para sa Bright Child: Pakilusin, Pal-

Misamis Oriental marks Universal Children’s MonthBy MIKE BAÑOSCorrespondent

akasin, Pagtulungan Natin! The annual event, with this year’s theme was “Local council for the protection of children (LCPC) para sa bright child: Pakilusin, pal-akasin, pagtulungan natin, ” was coordinated by the Early Chilhood Care and Development (ECCD) Of-fice with over 600 children from day care centers all over the province. “This is our culminat-ing activity for Universal Children’s Month celebra-tion participated in by the

winners of the municipal level events held earlier in the respective towns of the province,” said Dr. Ma. Bebina T. Casiño, provincial ECCD officer. Dr. Casiño said the vari-ous events lined up for the event stressed the child’s physical skills and dexterity (water, slipper and flag relay, planting rice), cognitive/mental skills (matching objects, puzzle contest), nutrition (sinabawang gulay eating contest, milk drinking contest) and social skills and

learning (draw and tell). “ECCD focuses on chil-dren between 3-4 years old, since the DOH are mainly responsible for the care and development of children from 0-2 years, while the DepEd takes over for children aged 5-6 years,” she added. Universal Children’s Month is focused on show-casing the children’s talents and skills while their men-tors are the focus of the Day Care Convention held every February.

CAGAYAN de Oro Col-lege- PHINMA is upping its level of ensuring that the student’s success is within reach, as it begins catering to students from Barangays Cugman to Bugo, from municipalities of Tagoloan, to Salay and certain areas in Bukidnon through its new campus in Barangay Puerto. “Th e fi rst step to making life better through education is to make education accessible,” Dr. Salazar said. Aft er achieving our goal of providing quality af-fordable education in Carmen, and surrounding communities, it’s time to extend this to more students, particularly in Ba-rangay Puerto, its neighboring barangays, Misamis Oriental and Bukidnon. By bringing the school to them, we lower their transportation costs and remove the need for boarding houses. So not only are our tuition fees more aff ordable, the overall costs of sending kids to college are lower. Currently in its fi rst phase of construction, the satellite

COC-PHINMA dreams big for NorMin

campus can already house up to 1,500 students on its first year and grow to a capacity of 4,000 students when the entire campus is complete. Th e COCO-Puerto Campus will have complete facilities such as laboratories for Sci-ence, HRM and Criminology, computer rooms, a library and other multi-purpose centers. Courses off ered are under the College of Management & Ac-

countancy, Criminology, and Education, Graduate School and Basic Education will also be off ered. “Our goal is to make the dreams of our students and their families come true,” Dr. Salazar shared. “With COC-PHINMA in Puerto, success is now physi-cally within reach.” Cagayan de Oro College was re-established in 2005 by the PHINMA Education Network (PEN), a member of the PHIN-MA Group of Companies. It is

now known as COC-PHINMA. PEN’s mission is to break down the fi nancial barriers to access-ing high quality education and to develop globally competitive professionals. To ensure that its vision and mission are ful-fi lled, the college of engineering, nursing, criminology, arts and sciences, management & accoun-tancy, and education, as well as graduate studies, off er academic programs which respond to the ever-changing demands of the global community.

COC-PHINMA’s purchase of the 2,500 square meter lot in Purok 6 of Brgy. Puerto was formalized during a contract signing between landowner Mr. Edwin Salazar and PHINMA Education President Dr. Chito B. Salazar witnessed by COC-PHINMA Chief Operations Officer, Engr. Raymundo P. Reyes, Mr. Eric Y. Barro, PEN Chief Marketing Officer together with the landowner’s wife Nelia Salazar, on October 28, 2011 at the COC Boardroom Carmen Main Campus. ROLANDO SUDARIA

By JOE PALABAOCorrespondent

BillboardBillboard 11BusinessWeekMINDANAO

Oct. 31-Nov. 3, 2011

CONVENIENCE shop Cham’s and specialty store Penshoppe dominated this year’s awarding of the Department of Trade and Industry’s Bagwis Awards held 28 October 2011 at Pearlmont Hotel. According to DTI-10 Asst. Regional Director Linda O. Boniao, the Bagwis Awards aim to recognize establishments that sell only quality products which comply with all trade and industry laws, encourage them to establish “consumer welfare desks” and recognize their efforts in maintaining quality and environmental systems. The Bagwis Awards cover all business establishments na-tionwide which fall under the following categories: Category 1 (Supermarkets), Category 2 (Department Stores), Category 3 (Appliance Centers), Cat-egory 4 (Hardware Stores), and Category 5 (DTI Accredited Service and Repair Shops). A total of 53 establishments in Region 10 were awarded the Bagwis Awards in various categories during the awarding ceremonies: 14 were awarded the coveted Gold Bagwis, 26 were awarded Silver and 13 establishments the Bronze. Eight of Penshoppe’s outlets including boutiques in Gaisano City, CDO & Iligan, Limketkai Mall, SM Cagayan de Oro and stand-alone stores in Iligan, Malaybalay, Ozamiz and Va-lencia cities were recognized with the coveted Gold Bagwis Award. On the other hand, Cham’s Convenience Store dominated the Silver category of the Bag-wis Awards with no less than ten of its outlets garnering the equally coveted Silver rating (Patag, Carmen, Kauswagan, Corrales Extension, Corrales Avenue, Osmeña St., Ma-casandig, Tomas Saco, R.N. Abejuela and Nazareth). “It’s an honor to receive the Bagwis Silver Awards for ten of our stores and it inspires us to do better in handling customers and continuing improvements on how to be more effective in terms of customer care and solving their minor problems with Cham’s policy,” Dr. Johnny

Cham’s, Penshoppe top DTI’s Bagwis Awards

Dr. Johnny U. Lu, president of the Cham’s chain of convenience stores, receives the DTI Bagwis Silver Award for some 10 of the chains establishments during awarding ceremonies held Friday, 28 October 2011 at Pearlmont Hotel from DTI ARD Linda Boniao and Mike Baños, president of Konsumenteng Kagay-anon as part of the regional technical screening committee. With Dr. Lu is Cham’s Operations Manager Victor G. Ocampo and other members of the regional technical screening committee. PHOTO BY HENRY DY

U. Lu, president of Cham’s Convenience Stores said after receiving the recognition. Other multiple awardees included LBC Express (Ya-capin, Capistrano, Divisoria), Mercury Drug (grocery/Bulua, Gusa, Puerto) and Citi Hard-ware Bacolod (Tablon, Bulua). “Awardees at all levels will be recognized with the publi-cation of their names in local media, special mention during information campaigns and the distribution of their names to their respective affiliated as-sociations, “ said Engr. Elvira A. Cajigas, chief of DTI-X’s Consumer Welfare Division. Other Gold Bagwis Award-ees for 2011 included For Me and Oxygen, both located in Limketkai Mall) and SM De-partment Store, Our Home, Toy Kingdom and Ace Hardware, all located in SM Cagayan de Oro. Other Bagwis Silver Award-ees for 2011 included RPS Engineering Services in Malay-balay City, Norkis Distributors, Inc. in Mambajao, Camiguin; Macbil 888 Venture Corp, FJK

Trading and Pinnacle Uniwide Business, all in Ozamiz City and Neopace, Inc., Oro Graph-ics Inc., Solidmark, Inc., all in Cagayan de Oro City. However, the Certifica-tion Committee may cancel or revoke the seal if the awardee is found to have sold or kept an inventory of uncertified products covered by mandatory certification such as electrical products or fire extinguishers; sold pirated products or failed to comply with applicable fair trade laws. “The cancellation and re-moval of the seal from the establishment shall only be lifted after the outlet has done corrective measures within one (1) year from the cancellation or removal of the seal,” said Almer R. Masillones, chief of the consumer welfare division in DTI Misamis Oriental. Establishments in Misamis Occidental dominated this year’s Bagwis Bronze Awardees: SBU General Services, Lagar En-terprises, Getzme Bagshoppe, Mitadeel Enterprises, Oroquieta Construction Supply, Inc., P&G

Commercial Enterprises and A-3 Car Services Shop, all in Oroquieta City; and Gold-square General Merchandise and Quality Shopping Center, both in Ozamiz City. Other Bagwis Bronze awardees for 2011 included J&J Sto. Niño Enterprises in Malaybalay City, Tee Enter-prises in Mambajao, Camiguin and Mercury Drug (grocery) in Carmen and Cagayan Educational Supply, both in Cagayan de Oro. (RMB) “We are inspired as con-sumers that an increasing number of our establish-ments in Region 10 are mak-ing extra efforts to improve their services to the customer and comply with the Fair Price Act,” said Mike Baños, president of Konsumanteng Kagay-anon, Inc. (KKI) in his closing remarks. “For our part, we shall help DTI-10 disseminate this list to all our members so they would be aware which stores around the region offer them fair prices and good customer service.” (rmb)

Thanksgiving bash for Miss Kagay-an beautiesBy JOE PALABAO

Correspondent

ner up Miss Kagay-an 2010 were also present during the Th anksgiving Party. DOT Regional Director Butch E. Chan 111, who is now on leave, also graced the occasion. Present were DOT-10 staff , guests from LBC, Promote CDO, Business Week Publisher Dante Sudaria, representatives from Sun Star, Jules of Regatta Tours Asia and staff , Iconic Fashion Designer Mark Chris-topher Yaranon who designed the gowns of Miss Kagay-an 2011 beauties and incidentally the Stage Designer. A repre-sentative from UKC Builders, multi-talented host Yoyong

THE Department of Tourism in Region 10 feted the candidates of the recent search for Miss Kagay-an 2011 to a Thanks-giving Party at the Mallberry Suites Hotel last Oct. 24 for its success that gave color to this year’s city fiesta celebration. Among those invited were the production staff of the pageant, invited guests, and media partners who helped a lot for its tremendous success. With a Hawaiian motif, Miss Kagay-an 2011 winners exude their natural and charm-ing beauties. Present were the Reigning Miss Kagay-an 2011-Angel Carbajal, Ms. Kagay-an Tourism 2011-Ms. Jamie Joy Bantique now a host of ABS-CBN Pamahaw Es-pesyal, runners-up Christel Valdehueza, Elaine Roselle Aquino and April Darlin Jane B. Hernandez. Ms. Hanna Melissa Aleman Cagas-Best in Swim Wear , Ms. Joanna Grace Daaca. Former Kagay-an beauties, Ms. Chiery Ladera-runner up Miss Kagay-an 2009 and Ms. Jeminah Ferrer run-

Esmedalla of DOT X together with debonair pageant host Edzen Espina. COHARA was represented by Ms. Nelia Lee-Manager of Dynasty Court Hotel and Lady Manager of Casa Crystalla. Jojo Roque, pageant co-ordinator, played host during the party. Guests enjoyed the nostalgic night with gourmet cuisine, a raffl e draw with valu-able prizes like cell phone, rice cooker, gift certifi cates and other valuable prizes were won by the guests. Hilarious entertainment number from Lachicas and a lot more surprises kept the guests wanting for more. Giving an element of surprise to the party

was Business Week announce-ment of the Darling of the Crowd who went to Yoyong Esmedalla of DOT X, Female Face of the Night to Ms. Chiery Ladera-Ms Kagay-an 2009 Runner-up and Male Face of the Night-Host Edzen Espina. BWM’s Dante Sudaria received from the Miss Kagay-an organizers a Certificate of Recognition in gratitude for its untiring support for the event duly signed Mr. Anthony Brellita, chair of the Search Committee, Mr. Ruben Vegafria, president of Promote CDO and Ms. Eileen San Juan, chairperson, Kagay-an Festival 2011.

Darling of the Crowd-Yoyong Esmedalla of DOT X, Female Face of the Night Ms. Chiery Ladera, Male Face of the Night and Ms. Jojo Roque-DOT X Miss Kagay-an 2011 Coordinator.

Pryce Plaza HotelCarmen Hill, CDO, Tel. No.722791 to93/858-4537

E-mail:reservati ons@pryceplaza.ph

Hotel Koresco Pueblo de Oro Golf Course,CDO, fax. No. [088] 858-9748

tel. Nos. 858-9748 to 54, E-mail:hotelkoresco@yahoo.com

Mallberry SuitesLimketkai Drive ,CDO, Tel. No. [088]854-3999 / 854-7999

E-mail:info@mallberrysuites.com

Dynasty Court HotelTiano-Hayes Sts. CDO, Tel. No. 726876 / 726962 / 857-5410

E-mail:dynasty@philcom.ph

The Marigold HotelVelez cor. Luna Sts, CDO

Tel Nos. 856-4320, 726937

Marco ResortTel. No. 732182 / 855-220

VIP HotelA.Velez St. CDO, Tel. No. 726080 / 726590 / 856-2505

E-mail: info@theviphotel.com.ph

Philtown HotelMakahambus-Velez St. CDO,Tel. No. 723089 / 856-1813

De Luxe HotelCapt. V. Roa St. CDO, Tel. No. 726527 /857-2144

Maxandrea HotelJ.R. Borja St. CDO, Tel. No. 729943/ 857-2244 / 857-4154

Grand City HotelA.Velez- Sts. CDO

Tel. No. 723551 / 723658 / 857-1900

Country Village HotelCarmen, Cag. de Oro Tel. No. 71-22-03, 71-22-01, 7122-05

Southwinds HotelCapt. V. Roa Sts.CDO,Tel. No. 727623 / 724803 / 856-2036

E-mail:i_agudo@hotmail.com

Apple Tree Resort and HotelTaboc, Opol, Misamis Oriental,

Tel. Nos. 754525/ 754263/ 3091986, Fax No. (8822) 754497

Pearlmont InnLimketkai,Drive,CDO

Tel. No. 729111 / 856-2654 / 729455

Red Palm InnEVChaves Building, Capistrano corner Cruz Taal Sts.

Cagayan de Oro CityTel. No. 721197 and 8562671

Cell No. 0908-885-5643Email: redpalm_inn07@yahoo.com

Chali Beach ResortCugman,CDO,Tel. No. 723929 / 855-2108

E-mail:chali_beach@yahoo.com

Nature PensionneToribio Chavez Sts., CDO

Tel. No. 723598 / 723718 / 857-2274

NEW DAWN PENSIONNEVelez-Macahambus Sts, CDO

Tel Nos. 8571776, 721776email : gchreservati on@yahoo.com

Malasag Eco Tourism VillagesCugman, CDO

Tel. No.855-6183 [088]309-3752

HOTELSRESTAURANTS

MINDANAO DAILYMINDANAO DAILY

Looking for an efective print Ad result for your C, D & E market?Advertise to:

Geleng Building, Lapasan Highway, Cagayan de Oro City

TEL. NOS.: (088)856-3344, (08822)74-53-80, 72-33-44 CELL NO. : 0917-7121424, 0923-432-0687

ANG NEWSPAPER NG MASACIRCULATING IN MINDANAO

12 BusinessWeekOct. 31-Nov. 3, 2011

Oscar MorenoOscar MorenoGovernorGovernor

Norris BabieraNorris BabieraVice GovernorVice Governor

The Province of Misamis Oriental joins the Christian world

in the celebration of All Saints / Souls Day.

HAPPY HallowenHallowen!Greetings from: