P15.00Issue No. 22, Volume III • Nov 7-10, 2011

ICT investment planREPRESENTATIVES of the various Information and Communications Technolo-gy (ICT) councils in Mindan-ao have agreed to strongly collaborate for the formula-tion of the Mindanao-wide ICT Investment Plan, a major initiative which they hope to complete in the next few years. In a joint statement signed by the Mindanao ICT councils and the Mind-anao Development Authority (MinDA) at the opening of 4th National ICT Summit here Friday, industry players affirmed the importance of ICT in fast-tracking the socio-economic transfor-mation of Mindanao, and committed to collaborate in addressing the challenges facing the country’s ICT sector.

CDO tax takeCAGAYAN de Oro City has generated some P515.265 million its business taxes alone from January to Oc-tober this year, about P40 million more than its col-lection on the same period last year. City Treasurer Lino Daral said they are projecting 5-7 percent increase in tax collections by year-end. Last year, the city collec-tion from January to October only reached P472.439-million.

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Sale of power barges to ease M’danao woes• Govt okays bid out on condition that the barges will be transferred to Mindanao

EID AL-ADHA. A child playfully lies on the floor as her parents and other Muslim believers pray inside a Mosque. The Muslim world celebrates Eid al-Adha or “Festival of Sacrifice” today com-memorating the willingness of Abraham to sacrifice his son Ishmael as an act of obedience to God, before God intervened to provide him with a ram to sacrifice instead. PHOTO BY MIO CADE

THE government is set to privatize four power barges before the year ends to help bridge the supply gap

in Mindanao. The Power Sector Assets and Liabilities and Man-agement Corp. announced on Friday that its board has approved the privatization of Power Barges (PB) 101, 102, 103, and 104 on condition that these are transferred to Mindanao. According to PSALM president and chief executive Emmanuel R. Ledesma Jr., the facilities should be used to augment the power supply in Mindanao. But he added the transfer should be done after the power situation stabilizes in the Visayas, where the barges are currently moored. PSALM and the Department of Energy have yet to finalize the timetable and details of the relocation, the cost of which would be shouldered by the winning bid-der. According to the government’s energy privatization firm, the power barges can be moved and relocated with adequate mooring structures. Designed as base-load plants, PB 101, 102, 103 and 104 are nominal 32-megawatt (MW) barge-mounted

P1.15B released anew for MDGsBy ALLAN M. MEDIANTE

Executive Editortion (DepEd). “The Aquino admin-istration is committed to strengthening basic educa-tion as a core strategy of the government in investing in our country’s greatest re-source: the people,” Budget and Management Secretary Florencio B. Abad said. “The learning process in basic education is criti-

CONSISTENT with the government’s agenda to promote and develop basic education in the country, the Department of Budget and Management (DBM) has released P1.15 billion to fund various projects of the Department of Educa-

cal, for it assures the basic building blocks that will capacitate our children to take on higher education or already work after gradua-tion. With this, the govern-ment ensures significant funding support not only to meet our Millennium Development Goals in basic education but also to help

Landbank opening more branches in Davao Region

By CARMELITO FRANCISCOCorrespondent

DAVAO City -- State-run Land Bank of the Philip-pines will be setting up its second branch in Tagum City, Davao del Norte, and is planning three more offices within the Davao Region. The bank has already received approval from the Bangko Sentral ng Pilipinas for its Tagum branch,

RP is 3rd most disaster-prone countryBy BENCYRUS ELLORIN

Contributor

THE Philippines placed third among countries most prone to disasters such as typhoons, earthquakes and tsunamis, following the South Pacific island states of Vanuatu and Tonga, a United Nations report said. The release of the World Risk Report 2011 came as the Philippine Senate passed on third and final reading early this week a bill seek-ing the establishment of a People’s Survival Fund that

With an average of 20 typhoons each year, the Philippines is ranked third disaster-prone country in the world.

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Farmers’ cooperatives get P10M assistanceBy CARINA L. CAYON

Correspondent

DAVAO City -- The provincial office of the Department of Agrarian Reform in the city has poured in around P10 million worth of

assistance to its agrarian reform cooperatives for the improvement of the farmers’ enterprise.

coconut of which by-products are mostly out in the market. Pobre said that the program has provided assistance of P518,479 to the Tawan-tawan Multi-purpose Cooperative at Barangay Tawan-tawan, Baguio District for its durian processing business that yields durian yema, pastillas and jam products. Said coop gained the assistance under SARED’s enterprise and product development component with a project title Durian Pro-cessing Project – Village Level Processing Center Enhancement

Program Batch II. The Davao Agricultural Ven-tures Corporation ARB Coopera-tive in Barangay Cawayan, Calinan District obtained a project assis-tance worth over P1.445 million for the processing of the coop’s pineapple crops into jam, vinegar and juice. Another support with a project cost of P680,831.54 was provided to the Subasta ARB Agricultural Cooperative at Barangay Subasta, also in Calinan for the processing of its banana produce into powder

The assistance under DAR’s Sustainable Agribusiness and Rural Enterprise Development (SARED) were provided to five cooperatives mainly benefiting the agrarian reform beneficiaries in the city.

DAR Davao City legal divi-sion chief Atty. Glenn Pobre reported that among SARED’s support is to develop the coop’s enterprise and product such as processing of fresh fruits like durian, pineapple, banana and

Japanese elders eyeing Davao for retirementDAVAO City -- Older Japanese are knocking at the doors of the Tokyo office of the Department of Tourism (DOT) to inquire about how they could retire in Davao City, according to DOT Regional Director Art Boncato Jr. “Our tourism office in To-kyo has recorded an increase in inquiries about retiring in the Philippines, particularly in Davao,” Boncato said. He bared the good news after returning from the DOT-led Philippine Business Mis-sion to East and West Japan and the Japan Association of Travel Agents (JATA) Travel Showcase held recently. “We are now closely working with the Philippine Retire-ment Authority (PRA) office in Davao to entice the increasing number of retirees in Japan to choose Davao as their second home,” he said. Japan is the second biggest foreign market of Davao with at least 12,000 arrivals in 2010, DOT data show. Boncato said Davao City has a historical value to the Japanese, thousands of whom worked in Japanese abaca plan-tations in Davao before World War II. Japanese on group tours coming to visit Japanese shrines here is an annual routine by relatives who spent time here before the war, he added. (pna)

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NEWS CAPSNight-vision for provincial airports

In a bid to decongest the Ninoy Aquino International Airport (Naia) terminals, provincial airports will soon be equipped with a technology that would enable them to operate even at nighttime, Transportation and Communications Secretary Mar Roxas said. Inspecting the security preparations at the Naia Terminal 3 for the expected influx of passengers during the long weekend holiday, Roxas said the government intends to install night-vision equipment in many provincial airports next year.

PAL separation payPhilippine Airlines (PAL) said over half of all former PAL workers

have received their separation checks since October 26, belying earlier claims by former union leaders that separated employees were rejecting the separation package. Close to 60 percent of the more than 2,300 former employees of the three outsourced PAL offices, including former union members in the protest campsite at the PAL Inflight Center, got their checks which were being released since October 14 at seven distribution points. Check distribution continues at PAL’s Recruitment Office, the company said.

Dual airport systemThe Philippine government plans to connect the Ninoy Aquino Inter-

national Airport (NAIA) terminals with those at the Diosdado Macapagal International Airports (DMIA) via the Metro Pacific Investments Corp. (MPIC)-initiated connector road in the shortterm, side by side with an express rail project in the medium- to long-term.

Bases Conversion Development Authority (BCDA) chairman Felicito Payumo, in a speech before the Rotary Club, said that while they carry out their mandated “bread and butter” task of selling or liquidating BCDA’s land assets at the former Fort Bonifacio and Villamor Air Base, they want to do what is “strategic” in the development of Metro Manila and of Central and Northern Luzon where BCDA is located.

InflationThe Bangko Sentral ng Pilipinas (BSP) said higher food prices

brought about by the supply disruption caused by typhoon Pedring as well as the imposition of the 12 percent value added tax (VAT) on toll fees likely pushed inflation this month above the higher end of the central bank’s target of three percent to five percent. BSP Governor Amando Tetangco Jr. said consumer prices for October would range between 4.5 percent and 5.4 percent this year compared to September’s 4.6 percent due to the damages caused by typhoon Pedring, resulting in higher prices of vegetables and fish as well as the imposition of the VAT on toll fees.

Napocor on ecozone rates

The National Power Corp. (Napocor) said it will soon decide on the request of Manila Electric Co. (Meralco), the Philippine Economic Zone Authority (PEZA) and the Semiconductor and Electronics Industries in the Philippines Inc. (SEIPI) to extend the special rate being offered to ecozone locators until December 12, 2012, the country’s top energy official said.

Energy Secretary and Napocor vice chairman Jose Rene Almendras said they are currently studying the matter. Napocor president Froilan Tampinco said they are also awaiting the decision of the Power Sec-tor Assets and Liabilities Management Corp. (PSALM), the entity that handles the finances of Napocor, as this may impact on the company’s revenues.

MOTOR VEHICLE DEVELOPMENT PLANThe Department of Trade and Industry (DTI) is ready to scrap one of

the last Executive Orders signed by President Arroyo, the EO 877-A or the Comprehensive Motor Vehicle Development Plan (MVDP) after the department ordered another round of talks between the government and auto manufacturers. Trade Secretary Gregory L. Domingo announced that he has directed Undersecretary Adrian Cristobal to meet with auto manufacturers in order to find out what the auto industry needs so that it can beef up local manufacturing and exports of vehicles.

TOUCH SOLUTIONS INC.’s (TSI) INITIAL PUBLIC OFFERING (IPO)

The Philippine Stock Exchange has approved the initial public of-fering (IPO) of Touch Solutions Inc. (TSI), a leading provider of open systems software and services in the Philippines, to raise close to P100 million. The company is offering a total of 22 million new common shares, representing up to 39.46 percent of the company’s total issued and outstanding capital stock, at P4.50 apiece. TSI will have a market capitalization of P250.87 million after it lists on the second board of the bourse. Among the company’s major shareholders are founder Anson Uy and John Y. Tiu Jr. (project development director at JTKC Land).

CHINA-ASEAN FREE TRADE AGREEMENTTrade and Industry Undersecretary Zenaida Maglaya said the

China-ASEAN Free Trade Agreement is “still a work in progress,” expressing they are hopeful that within 10 years, the agreements will be implemented. “There are lists of products we can open up, there are products that we cannot,” she added. Maglaya said the government needs to balance the situation, considering the local industry.

SPi GLOBAL/ BPO INDUSTRYSPi Global, the largest Filipino-owned business process outsourc-

ing (BPO) company, has combined two of its subsidiaries – Springfield Service Corp. (SSC) and Laguna Medical Systems (LMS) – under the “SPi Healthcare” brand to focus on revenue cycle management and health information management.

SPi Global is a wholly-owned subsidiary of Philippine Long Distance Telephone Co. (PLDT). This move will streamline the company’s of-ferings to clients and leverage the strengths of the two companies to offer the depth and breadth of services that the US healthcare industry requires during these times of reforms.

BPI REVENUEThe Bank of the Philippine Islands (BPI) reported a six percent

increase in net earnings in the first nine months of 2011 despite the poor performance of the country’s economy in the second and third quarters. From the P9.1-billion income in January to September 2010, BPI’s earnings grew to P9.6 billion as loan growth zoomed to high double-digits.

CEBU PACIFIC EXPANSIONGokongwei controlled air carrier Cebu Pacific (CEB) said that it

flew 30 percent more passengers between the Philippines and ASEAN destinations in the third quarter of 2011. From July to September 2011, CEB flew close to 286,000 passengers to and from ASEAN destina-tions, a 30 percent growth compared to the same period last year. The load factor for these flights averaged at 81 percent. BY LAUREL MEDIA

New SSS loan amnesty offers equitable terms for borrowersDAVAO City -- The Social Security System (SSS) announced plans to implement another round of amnesty for unpaid short-term loans with equitable terms for borrowers who paid their obligations on time. SSS President and Chief Executive Officer Emilio de Quiros Jr. said President Aquino has approved the new SSS Member Loan Pen-alty Condonation Program last October 13 but SSS is yet to fix the date of imple-mentation pending approval of amnesty guidelines. “We will make the ap-propriate announcement regarding its implementa-tion in the coming weeks,” De Quiros said. SSS has implemented various amnesty programs

since 2003 and waived all penalties upon availment. In the spirit of fairness, the amount of condonable pen-alties now vary depending on the reason behind the member’s loan delinquency. Borrowers have the op-tion to pay in full or through installment payments within a three-year period, which will incur a three percent annual interest. A higher percentage of penalties shall be condoned for full pay-ment because it allows SSS to recover the loan principal

earlier. “If the member or ben-eficiary is not at fault, 100 percent of penalties shall be condoned. For example, penalties of members whose loan amortizations were not remitted by their employers would be fully condoned upon availment of the pro-gram,” De Quiros said. “The SSS will also waive 100 percent of the penalty on loans of members who have passed away,” he said. “This lessens the amount of loan balance deductions on the survivorship claims of the beneficiaries.” For borrowers with at least three loan amortiza-tions, SSS would condone 90 percent of the penalty if

paying in full and 80 percent if the member will settle by installment. They must also have at least three contribu-tions immediately prior to the month of application for the program. “Members fi ling for total disability or retirement claims will have 50 percent of their penalties condoned, with the balance taken out from their benefits,” De Quiros said. “Borrowers who neglected to pay even once are not covered by the program.” Nearly 100,300 members settled loan delinquencies amounting to P1.11 billion under a six-month SSS loan penalty condonation pro-gram for employers, which ended last June 30. (pna)

Aboitiz records 5% growthABOITIZ EQUITY Ven-tures, Inc. eked out a slight growth in the third quarter, with its power unit con-tributing to a bulk of the earnings. The holding firm posted on Friday P5.8 billion in profits for July to September, a 5% increase from yearago levels. Financial statements were not immediately made available. Aboitiz Equity Ven-tures noted “one-off gains amounting to P11 million

vis-a-vis last year’s P528 million”, pointing to the revaluation of consolidated dollar-denominated loans and placements resulted to a non-recurring loss of P138 million. Its power unit Aboitiz Power Corp. contributed 74% of the income share. “[And] for the period year-to-date ending Sep-tember 2011, the power gen-eration business contributed earnings of P11.7 billion, recording a 16% year-on-year drop,” the statement read.

“The decline in the group’s bottomline per-formance was due to the lower average selling price and net generation recorded for the period,” it stated. Banking units Union Bank of the Philippines and City Savings Bank mean-while contributed 21% to the holding firm’s earnings. The food unit, Pilmico Foods Corp., contributed 5%. Shares of Aboitiz Equity closed at P40.45, up 0.37% from its previous close of P40.30 a piece.

Cebu Pacific to launch Hanoi flights in 2012BUDGET CARRIER Cebu Pacifi c on Friday said it will be mounting fl ights to Hanoi, Vietnam, starting March 17 next year. “It will be a twice-weekly service, utilizing one of Asia’s youngest aircraft fl eets,” Cebu Pacifi c said. Th e Manila-Hanoi route is the carrier’s 78th route, with Hanoi being Cebu Pacifi c’s 17th international destina-tion, the airline said. “With direct fl ights, Cebu Pacifi c off ers signifi cant link-ages between the Philippines and Vietnam,” Candice A. Iyog, Cebu Pacifi c’s vice-president for marketing and distribution, said in a statement. “It allows inbound tourists quick access to the Philippines’ top urban destinations, and provides our country’s busi-ness stakeholders immediate connectivity to Vietnam’s capital city,” Ms. Iyog added. Cebu Pacifi c also operates daily fl ights between Manila and Ho Chi Minh. In a related development, budget carrier Tiger Airways announced it has begun fl y-ing thrice a week between Singapore and Davao City since Nov. 1. Travel time between the two points is generally three hours and 50 minutes. Th e company’s managing director, Stewart Adams, earlier told local media that the company is excited to include the city in its “growing portfolio of exciting destinations” because Davao is an “ideal destination for travelers who are keen on experiencing both the cultural diversity and natural beauty that the Philippines has to off er.” Tiger Airways flies the route Tuesday, Th ursday and Saturday. Singapore Airlines’ SilkAir, which has been fl ying here for decades now, currently serves the Davao-Singapore route with fi ve-times weekly fl ights. -- kathleen a. martin and carmelito q. francisco

Honda not sure when to resumeHONDA Cars Philippines Inc. (HCPI) said it does not have a clear outlook on when production resumes at its mother unit in Thailand as floodwater continues to beset its facilities. HCPI said it also does not know if Honda’s motorcy-cling production operations in the Philippines will like-wise be halted temporarily. The automaker suspend-ed production at its Sta. Rosa, Laguna, plant starting Thursday due to limited parts supply from Thai-

land as floods continue to prevent Honda Automobile (Thailand) Co. Ltd. (HATC) from resuming operations at its manufacturing site in the Ayutthaya province. “Honda deeply regrets any inconvenience this may cause our customers, and requests their understanding during these times. Honda and its suppliers are de-voting all our efforts to minimize the impact on our customers,” HCPI said in a statement. HATC, the Japanese car-

maker’s production subsid-iary headquartered in the Rojana Industrial Park, in Ayutthaya, has not been operating since October 4 due to disruptions in parts supply. Honda operations in other regions also are be-ing affected by the limited parts supply from Thailand. Each operation is carefully examining the situation. Other Honda plants in Asia have been making ad-justments to production

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THE Cebuana Lhuillier brand, increasingly known more for its remittance busi-ness than for the pawn-shops it has built over the years, seeks to strengthen its franchise by moving much of the services from its bricks-and-mortar units at present to the mobile phone platform very soon. The shift, PJ Lhuillier Services Corp. president and chief executive officer Jean Henri D. Lhuiller said in an interview, should help the company achieve greater efficiency and a larger share of the remittance market down the line. Already, he said, the company asked the Bangko Sentral ng Pilipinas to per-

BPI waxes conservative Q1-Q3 2011be strong with the follow-ing growth rates: top tier corporations, 24 percent; middle market, 30 percent; SMEs, 20 percent; while the consumer loans growth was modest at 11 percent. The loan-to-deposit ratio thus improved from 56 percent to 66 percent with the peso component now at 75 per-cent from 64 percent,” he said. Even though BPI’s loan portfolio kept growing, how-ever, its incidence of soured or non-performing loans remained below industry average at only 2.3 percent for which capital cover equal to 115 percent was provided. Total revenues were up by 7 percent as net inter-est income improved by 9 percent, fuelled by a P67 billion growth in average asset base. Non-interest income was just slightly ahead of the previous year as securi-ties trading gain fell short by P809 million from last year as expected. This was,

THE Bank of the Philippine Islands (BPI) took the conservative road to lending in the first nine months and as a result grew its as-sets during the period by only 3.2 percent to P789 billion. This compared with double-digit asset growth in prior years, with actual nine-month asset growth in 2010 averaging 15 percent when the lender’s assets totaled P764 billion. But BPI president and chief executive officer Au-relio R. Montinola III said the approach was deliberate, having earlier been adopted in light of the sovereign-debt issues hounding the euro-zone countries and the economic problems faced by the United States which is still the country’s largest trading partner. “We have therefore decided to focus on the safety of our assets and the maintenance of our yields at the expense of as-set 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, diversified lending growth to help the economy,” Mon-tinola said in a statement sent by e-mail. He reported deposits totaling only P625 billion which was a shade under two percent from last year when this totaled P613 bil-lion. Montinola also reported loan growth averaging 22 percent from last year’s P331 billion, translating to some P404 billion worth of loans in the first nine months this year. “Loan growth was sus-tained at 22 percent over last year and remained broad-based across market segments and geographi-cally. The corporate-sector loan growth continued to

however, more than com-pensated for by higher fees and commissions, income from insurance operations, and other operating income. Operating costs were higher by 13 percent with half of the increase arising from salary adjustments and collective-bargaining agreement related expenses. Increases were also seen in premises cost, regulatory costs, and other variable expenses. With the bank’s relatively stable asset qual-ity and suffi cient loan loss reserve coverage, BPI booked lower year-to-date impair-ment losses of P1.5 billion. Th e 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 percent to P9.6 billion for the fi rst nine months of the year. Return on equity was 15.5 percent and return on assets was 1.6 percent.

SY-LED Banco de Oro Uni-bank, Inc. (BDO) posted a 19% rise in net income in the three quarters to Sep-tember on higher fees and trading gains. In a disclosure to the stock exchange yesterday, the country’s largest bank in terms of assets said it

BDO net income rises 19%earned P7.6 billion as of September, up from P6.4 billion in the same nine-month period last year. The results translated into an 11.8% annualized return on common equity. “The bank managed to post a record performance despite the difficult operat-

ing environment here and overseas,” BDO said in the disclosure. “BDO will continue to maintain a cautious stance due to the current develop-ments in Europe and the US.” BDO targets P10.5 bil-

Cebuana Lhuillier to use mobile phones for remittance business

mit it to extend a number of financial services in the manner first exploited by rivals Globe Telecom and Smart Communications with their GCash and Smart Money brands. “Once we get the license from the BSP, our clients will be able to do a number of transactions via their cellular phones,” Lhuillier said. For now, Cebuana Lhuil-lier clients have to satisfy themselves with what is possible under a recently forged agreement with the home grown mobile phone maker My/Phone, such as inquiries on loan status or schedule, inquiries on

CEBUANA/PAGE 8

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INDANAO INDANAO AILYAILY

THINK a Minute… Remember Greg Lou-ganis? Th e young, strong, superstar athlete who won gold medals in all his events at both the 1984 and 1988 Olympics. He was the fi rst athlete in history to do it, and was elected to the Olympic Hall of Fame. But at the Olympics, no one ever sus-pected that under the surface Greg Louganis’ body was full of AIDS. It’s true that you really cannot know what’s inside a person just from looking on the outside. Many people are not what they appear to be. For example, that tough foot-ball or rugby player you know may actually still be an insecure little boy on the inside, because he could

never be good enough for his hard, strict father. Th at shy young woman you see around town might still be a broken, hurting little girl, because she was abused by her uncle or stepfather when she was young. Maybe even that 60-year-old political leader or successful busi-nessman is still full of hurt and anger from when he was badly treated as a child because of his skin color, or because he grew up in a poor family. Many people look strong and mature on the outside, but inside they’re still hurt-ing emotionally and need healing. Th ey still have deep wounds, scars and painful memories of terrible things that were said or done to

them when they were young children or teenagers. Friend, if you’ve been living with pain, fears or anger from what people said or did to you in the past, these hurts and bad memories can be like chains that hold you in prison emotionally. Well, Jesus Christ sure knows how you feel. Jesus is probably the most hurt, abused person in history. His own family thought He was crazy, and His own people had Him tortured and killed as the worst of criminals. But not only does Jesus understand and feel your pain, He’s also the One Who can heal your broken heart and painful memories. So today, why don’t you put your whole life, including

your painful past, into the strong, healing hands of Jesus? He’ll even help you forgive those people who hurt you. Th en, you’ll fi nally be free from your emotional pain and prison to start living the full, new life Jesus has planned for you. Just think a minute…

Helping save the environmentTHIS is proof that govern-ment agencies can serve the Filipino people and the environment at the same time. The Bangko Sentral ng Pilipinas (BSP), together with eight other government agencies, have recently been given the 2011 Recognition Awards for Eco-friendly Government Offices by the Department of Environ-ment and Natural Resources (DENR) Environmental Management Bureau. The search for this year’s eco-friendly government offices, launched during the 2010 Earth Day Celebration, assesses the agencies’ imple-mentation of environmen-tal management programs using the four P’s: Policy,

Promotion of Awareness, People, and Practices. The BSP is particularly proud of its disaster control manual, which the search organizers took note of in its assessment. The organizers took into account the posting of emer-gency numbers, evacuation plans and emergency lights in strategic locations; and the proper disposal of elec-tronic wastes, used batteries, ink, and fluorescent lamps using standard terms of reference. The BSP’s greening pro-gram, which includes activi-ties such as tree planting and creek dredging, was also considered. Related to this greening program is the recent construction of

the BSP greenhouse located beside the Metropolitan Museum. The greenhouse is used to grow and propagate in-door plants that adorn BSP’s lobbies and event venues such as the Assembly Hall and the Executive Business Center. The BSP has also invited environment groups and speakers such as Rey Palacio of the Eco-Waste Coalition to give environmental lec-tures to BSP employees. Palacio has spoken about a range of environmental is-sues, from managing plastics in the workplace in one of the BSP’s weekly “Kapihan sa Medical” forums, to the importance of a paradigm shift and serious behavioral

change toward the environ-ment during a recent BSP Officers Club, Inc. breakfast discussion. Lastly, the BSP allots an hour on the last Friday of every month to Mother Earth. Employees are en-joined to turn off their lights and computers to contribute in even their littlest way to

WHILE tourism has enor-mous potential to con-tribute to the economy of a city or municipality, it can only do so with ad-equate governance systems which empower people and communities. We are facing mounting changes and challenges which call for innovative strategies and policies. Government, business and civil society needs to give attention to knowledge management in tourism, to better un-derstand and act on the forces shaping today’s des-tinations especially on the critical issues of develop-ment, climate change and governance. There are metrics of performance a City Gov-ernment can contribute particularly on the issues of green space, cleanliness and garbage disposal, traf-fic management and peace and order. Ask a foreign tourist where they want to visit and usually their answers would be shaped by such realities. Contributory to tourist interests are the business climate whether it is ready with various offerings in tourist infrastructures, ho-tels, entertainment, good shopping venues, resorts

and restaurants. All these factors and more what civil society can offer in terms of culture, low crime rate and hubs of higher education ads to public trust in a destina-tion? Vigan City in Ilocos Sur shows their heritage past preserved. Naga City in Ca-marines Sur has their cul-ture and belief in religion. It is widely visited during their Penafrancia Festival in September. While Aklan has the biggest Ati-atihan Festival that continuously attract foreign and local travelers. We have seen tourist cities in the Philippines rise and fall. Baguio was once the favorite destina-tion due to the fine and chilly weather that falls below 16 degrees Fahren-height during the month of December to February but the uncontrolled ur-banization and influx of population has diminish the attraction. Boracay is enjoying the myth as the number one destination now but development have started to encroach the coastal space and water is in danger of rationing if no major connection to the island is developed. The

same as in Mactan Island, Shangri-La Resorts Hotel has to haul endless truck loads of water to sustain operation and many re-sorts are feeling the scarce during summer. Mactan is facing sustainability of resources but save with the development of new destinations in the south-ern part of Cebu which is marketed as forwarding destinations. The Province of Bohol which has attracted more than 800,000 arrivals is a fall back to the Central Visayas attractions which is now enjoying the long haul market due to its many attractions in tours and marine adventure. Bohol is one of the most popu-lar destinations visited by tourist last year. Mindanao which has vast potential tourist at-tractions for development is ironically threatened with power shortage in spite of the presence of hydro power facilities. Power investors are tied to allocations which sources of energy must be developed. Solar power has not been given a priority government support and attention when this system has been tried and tested in the European countries.

And what happen to the Bio Fuel Act which becomes a law but died down when the principal author and proponent resigned his Senate post? Alsons wanted to come in and develop a power plant somewhere in the upper river delta Barangay of the Cagayan de Oro River but meet opposi-tion from various groups that force the company to scuttle the project. In Camiguin Island, many foreign tourist inves-tors who came left soon as stringent rules and business permits are difficult to acquire and run counter to various government red tapes. The island has not taken off due to limited accessibility to water crafts and air transportation. The identified tourist attrac-tions have not been fully managed and developed.

BUNYE/PAGE 7

7BusinessWeekMINDANAO Nov 7-10, 2011

Bunye...from page 6

Views.OpinionViews.Opinion

HEALTH INHEALTH INFOCUSFOCUS

DR. MARY JEANLORECHE-DIAO

Franchise relationship, Part IIHealthy Mothers, Healthy Babies!

RUDOLF A. KOTIK

FRANCHISINGFRANCHISINGLAST week, I discussed briefly the Tatak GP pro-gram, as one of the main programs of the Provincial Health Office. The Holistic approach in ensuring a healthy child, is not complete unless the health of mothers is in-cluded in its program. It is often said that behind every man’s success, is a Woman. Different organizations, like the WHO, UNICEF, USAID, and Department of Health, likewise believe that the future of each country lies in the hands that cradles their young: a healthy baby must have a healthy mother. Thus, in the Millenium Development Goals , for the year 2015, the target figure for reducing the maternal mortality ratio is set at three quarters! Maternal Health simply means to make sure that women’s health is taken cared of during pregnancy, childbirth and the post par-tum period. It is sad to note that according to the USAID, the Maternal Mor-tality Rate in our country continues to be high, with approximately 4,100 to 4,900 women and girls dying each year due to pregnancy re-lated complications. These complications range from bleeding or hemorrhage, hypertension, infections, anemia, unsafe abortions and obstructive labor. All of which can be avoided and mortality rate reduced , if , these women has the access to quality care and are given the right

information on what to expect when in the stage of pregnancy , the signs and symptoms that should alert them to seek immediate medical attention, and more importantly, the availability of skilled birth attendants and facilities that can ad-dress these problems. A rising or uncurbed maternal mortality rate is actually a health indicator that shows the wide gap between the rich and poor. We know for a fact that those that belong to the higher levels of society can easily well afford to avail of the necessary medical services attendant to having a healthy pregnancy and newborn. Whereas, those in the under privileged group, are lacking in terms of knowl-edge with regards their con-ditions, and the finances to even get to the nearest barangay health center! According to Ms Jac-queline Roa, the program Coordinator for Maternal and Child Health, Misamis Oriental provincial Health Office, despite government efforts to educate our people, there is still some difficulty in getting their cooperation. This stems from “ cultur-al and economics factors.”. Ms Roa did mention that in Bukidnon, there is a Half Way House, which caters to near delivery mothers. These mothers need not worry about their food and lodging as these are given free. This will ensure that the expectant mothers are taken cared of !

Aside from raising the levels of awareness through education and information dissemination, the Depart-ment of Health in close coor-dination with the Philippine Obstetrics and Gynecology, are actively training skilled birth attendants, with the hopes of fielding them to the most difficult and remote areas. Making available fa-cilities that can handle obstetric emergencies will likewise reduce the mortal-ity rates. Thus, the accreditation of PHILHEALTH to these facilities will ensure a very affordable cost that is within reach of the common tao. Making the Philippines a safe place for healthy moth-ers and healthy babies, for a healthy country, is a con-tinuing work in progress: a challenge that we each can actively participate in.

FRANCHISES are granted for a definite term, usually between 5 to 10 years for lo-cal franchises and up to 99 years for master franchises and therefore will expire at the end of such term. Franchise agreement should deal with this signifi-cant element of the franchise relationship, providing for the preconditions for the grant of a successor and the terms on which it will be granted. If a franchise is not re-newed, the restrictions on the business activities of the Franchisee and its own-ers and members of their immediate families are an issue. Some franchise agree-ments provide for a post-expiration covenant not to compete. If the Franchisee is prohibited from operating the same type of business

in the same market under a different trademark sub-sequent to expiration he will lose whatever “going concern” value his business has apart from value of the expired franchise. Such value may consist of loca-tion value and the personal goodwill of the Franchisee in his market. A good Franchise Agree-ment contains a renewal provision, which gives the Franchisee the right to renew if he followed the rules of Franchisor during the original term of the Franchise Agreement and he may have to pay a small renewal Fee upon renewal of the Franchise Agreement. Some Franchisors re-serve an option to buy the Franchisee’s business upon termination or expiration of the franchise. The purchase price may be determined by

a formula or may be the fair market value of the business, without any value attributed to the expired franchise. Rudolf A. Kotik is the Founder of RK Franchise Consultancy who developed more than 400 Franchises in the Philippines and can be reached through rk@rkfranchise.com

and sustain eco-friendly prac-tices in the workplace, “which serve as a second home to Filipinos, and where materials utilized, equipment used, and energy consumed all have an impact on the environment.” “If our various stakehold-ers see how we work hard to improve our services and our environmental performance, we can be assured of their full trust and support to address the bigger problems of the country,” Paje stressed. Aside from the BSP, the Phil-ippine Economic Zone Authority,

the environment. In a letter addressed to BSP Governor Amando Tetangco, Jr., Environment Secretary Ramon J.P. Paje said that the DENR “recognizes your efforts despite the many challenges each government office faces in adopting and maintaining eco-friendly practices in the workplace.” Paje had earlier said that the awards underscored the serious commitment needed to adopt

the Department of Public Works and Highways, the Department of Social Welfare and Develop-ment, the National Housing Authority, and the National Economic and Development Authority were given Citation of Merit Awards. The National Electrifi-cation Administration, the Philippine Heart Center, and the Development Bank of the Philippines, on the other hand, received the Environmental Excellence Awards. Note: You may email us at totingbunye2000@gmail.com.

BDO...from page 5

income including other mis-cellaneous income went up by 16% to P15.3 billion,” the bank said. BDO said it saw strong growth from its asset and wealth management, pay-ments and electronic bank-ing, insurance and capital markets businesses. The bank managed to keep a lid on expenses, which rose by just 5% to P27 billion. It also continued to reduce its soured assets, with its non-performing loan (NPL) ratio -- the ratio of soured loans to total loans -- improving to 3.9% from 4.7% at the end of 2010. “BDO also maintained its provisioning by setting aside P5.1 billion year-to-date, bringing its NPL coverage ratio to 108%,” it said. Its capital adequacy ratio -- a measure of financial strength -- rose to 15%, after raising P6.5 from lower Tier 2 notes last month and P8.5 billion from similar debt papers in June.

lion in net income this year, 19% higher than last year. It shares lost 0.81% or 45 centavos to close at P54.80 apiece yesterday, as risk aver-sion due to fresh Greece jit-ters pulled down most stock prices. BDO’s net interest income inched up by 1.4% to P25.7 billion in the nine-month period from P25.35 billion last year. This was despite a 24% jump in gross customer loans to around P621 billion. “System liquidity... con-tinued to compress asset yields, and net interest in-come slightly improved to P25.7 billion,” the bank ex-plained. Non-interest income was buoyant, with fees rising 17% to P8.8 billion, and gains from securities and foreign exchange trading climbing by 16% to P5.1 billion. “Overall, non-interest

ful. Privately held couriers are easier to deal with than state-owned,” Lhuillier said. The Land Bank model seeks to tap the remittance potential of rural Japan-based overseas Filipinos who often have to travel hours or leave work temporarily to get to a remittance office. Privately-owned postal units in Japan could be ev-erywhere in that country and remain open on a 24/7 basis.

Cebuana...from page 8units across the country. The intent was to boost the state-owned fi rm’s snail mail services with new tech-nology solutions such as had been done by the Land Bank of the Philippines in recently partnering with a privately-held postal corporation in Japan. “We tried to do that here but have not been success-

Aggie.NewsAggie.News8 BusinessWeekMINDANAONov 7-10, 2011

Republic of the PhilippinesREGIONAL TRIAL COURT OF MISAMIS ORIENTAL

10th Judicial RegionCagayan de Oro City

OFFICE OF THE PROVINCIAL SHERIFFNOTICE OF EXTRA-JUDICIAL SALE

EJF FILE NO.2011-492

Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118 filed by HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG), as mortgagee against VICTOR CONSTANTINE C. CINCHES married to MELY D. CINCHES, as mortgagor which as of September 9, 2011 amounts to ONE MILLION FIVE HUNDRED NINETEEN THOUSAND THREE HUNDRED NINETY ONE PESOS & 67/100 (P 1, 519,391.67) ONLY, including inter-ests and penalty charges and expense of foreclosure, the undersigned will SELL at Public Auction on December 5, 2011 at 10:00 O’clock in the morning at the Office of the Regional Trial Court, Branch 23, Hall of Justice, Cagayan de Oro City, the following described property below with all the improvements found thereon, to wit;

TRANSFER CERTIFICATE OF TITLENO. T-200987

A PARCEL OF LAND (Lot 1388-F, Psd-10-003705, being a portion of Lot 1388, Cad 237. Cagayan Cadastre), situated in the Barrio of Kauswagan, City of Cagayan de Oro, Island of Mindanao. Containing an area of THREE HUNDRED (300) SQUARE METERS more or less.

All sealed bids must be submitted to the undersigned on the above-stated date, time and place. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following day without further notice, posting and publication.

Prospective buyers/bidders may investigate for themselves the title herein above-described and encumbrances thereon, If any therebe.

Cagayan de Oro City, October 27, 2011.

(Sgd.) RICO A. REMALIC Sheriff IVBWM NOV. 7, 14 & 21, 2011

PhilRice urges balanced consumption of staplesTHE Philippine Rice Re-search Institute (PhilRice) is advocating balanced con-sumption of staple crops to help improve the people’s nutritional status and to boost government’s bid for rice self-sufficiency by 2013. “Our ancestors were al-ready consuming root crops and bananas long before they learned to eat rice -- this practice still prevails so we’re promoting balanced consumption,” PhilRice Ex-ecutive Director Eufemio Rasco Jr. said Friday during the Communication and News Exchange (CNEX) Forum in Quezon City. Among the root crops being produced in the coun-

try are ‘kamote,’ ‘ubi’ and potatoes. ‘Latundan,’ ‘lakatan’ and ‘saba’ are some banana va-rieties grown nationwide. Bureau of Agricultural Statistics data for 2010 show the country produced in 2009 some nine million met-ric tons (MTs) of bananas. Such production volume exceeded banana output in 2008 (8.69 million MTs) and in 2007 (7.48 million MTs). Philippine staples also include corn which DA is promoting to help ease the pressure on rice. Nationwide corn pro-duction consistently rose to some seven million MTs in

2009 from 6.9 million MTs in 2008 and 6.7 million MTs in 2007, the data show. To help further promote balanced consumption, Ras-co also urged consumers to increasingly eat brown rice. “It’s more nutritious,” he said. He also said milling re-covery is around 10 percent higher for brown rice than for ordinary rice. Some 75 percent of brown rice can be recov-ered after milling while recovery is only about 65 percent for ordinary rice, he noted. Earlier, PhilRice report-ed the Philippine per capita rice consumption (PCRC)

rose 13 percent to 119 kilo-grams per year during the 2008-2009 period from 106 kilograms per year during the 1999-2000 period. PhilRice reported for Central Visayas the biggest PCRC increase rate at 41 percent, noting consumer preference there shifted from white corn to rice. Central Visayas’ PCRC during the 2008-2009 pe-riod jumped to 95 kilograms per year from 67 kilograms during the 1999-2000 pe-riod. For both reference pe-riods, data also show Cen-tral Visayas’ PCRC was the lowest among regions nationwide. (pna)

DA to establish seaweeds laboratoriesTHE Department of Agri-culture (DA) will establish more laboratories where seaweeds can be cultured for propagation in Sulu to help boost fisheries production and income generation in the province. DA Secretary Proceso Alcala has given such assur-ance, noting the move will help ensure supply of fresh and disease-free seaweed materials which the agency can give out to the province’s fisherfolk at minimal cost. “We’re very aggressive in expanding farms there,” he said during the Communi-cation and News Exchange (CNEX) Forum Friday at

the Philippine Information Agency headquarters in Quezon City. He noted the availability of more laboratory-cultured planting materials opens up the opportunity to replace existing ones every three croppings so healthy pro-duce can be consistently harvested. Resistance of planting materials to diseases lowers over time so these must be replaced regularly, he said. “Government previ-ously neglected establish-ing additional laboratories so people were forced to keep replanting the same material -- setting up more

of the facilities is among the best things I see the Bureau of Fisheries and Aquatic Resources must be doing,” he added. Alcala described sea-weeds as an income earner that is already benefitting Sulu’s neighbor Tawi-Tawi province. People in Tawi-Tawi are earning from producing seaweeds, he noted. Studies show seaweeds are used for various pur-poses. Aside from being consumed, the Food and Agriculture Organization said seaweeds are used as fertilizer and soil condi-tioner, feed for fish and

animals, biomass for fuel and ingredient for cosmet-ics. The 2010 Bureau of Agri-cultural Statistics data show the Philippines’ seaweed production continuously grew since 2007 when output hit 1.5 million metric tons (MTs). Such production climbed to 1.66 million MTs in 2008 and to 1.74 million MTs in 2009. Data further show the value of Philippine seaweed production at current prices during the reference years reached P6.30 billion, P9.59 billion and P12.84 billion, respectively. (pna)

crops into coco sugar, pol-voron, syrup and other coco delicacies. Th e TCFC also obtained a project support worth P275,000 for the production of its bio-organic fertilizer. Also in Toril, the Progres-sive Highland Development Cooperative was able to im-

Assistance...from page 2

feed grade. The Tungkalan Coco-nut Farmers Cooperative in Barangay Tungkalan of Toril District, received an assistance of P300,000 for the processing of coconut

prove its bakery and banana powder feed grade business with the help of the SARED assistance of P350,000 that was allocated for the bakery, and P850,000 for the banana powder. SARED has extended its program into micro fi nanc-ing that has reached to P5 million and catered to 500 ARBs covering the areas of Tugbok and Calinan Districts in Davao City .

Th e program was coursed through the Micro-Agri Loan Product (MALP) with part-ner microfi nance institution Baba’s Foundation, Inc. which DAR Davao City tapped to handle the project. DAR provincial agrarian reform offi cer Ernesto Tan said that the department has continued to provide support to its benefi ciaries while com-pleting its acquisition and distribution (LAD) program

under the Comprehensive Agrarian Reform Program with Extension and Reforms (CARPER) until 2014. In a recently-held forum on agrarian reform program in the city, DAR reported an accomplishment of 63 hectares in its LAD compo-nent for the period January to September this year. Th e fi gure represents 11 percent of the total target of 563 hectares for 2011. Tan said that aside from the SARED assistance, DAR’s

support services also involve a program on Access Facili-tation Access Enhancement Services (AFAES) such as farm-to-market roads, po-table water system and solar power. He said the projects have funding from foreign-as-sisted projects, the Solar Power Technology Support to Agrarian Reform Communi-ties, regular CARP fund and the Community-Managed Potable Water Supply Sanita-tion and Hygiene.

City are being manufactured in the country a month. “We are closely moni-toring the situation and we will strive to resume normal operations. Also, we are continuing to have open communications and good relationship with our associ-ates during these challenging times,” HCPI said.

Honda...from page 4volume or suspending pro-duction due to the limited parts supply from Th ailand. Currently, only the Honda City is being manufactured in HCPI’s plant in Sta. Rosa. Th e company would not reveal how many units of Honda

Cebuana...from page 5

nent should complement the services it has forged with Zoom Technologies which have been providing them with the telecommunica-tions products they need in the internet space for maybe three years now. “So all of these services should be available both online and in the form of SMS,” Lhuillier said. He related PJCS once tried to forge a partnership with the Philippine Postal Corp. and mine its wealth of relationships with more than 1,000 local government

mittance rates, top up phone credits or load, bills pay-ments including tuition on two local colleges for the moment or make premium payments for insurance, donate to a charity or pay for online purchases. But with the BSP license, Cebuana Lhuillier may act as payout agent for a number of remittance companies besides the one it is operat-ing. According to Lhuillier, the mobile phone compo- CEBUANA/PAGE 7

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

9BusinessWeekMINDANAO

Nov 7-10, 2011Congress.Watch Congress.Watch

Abante Mindanao Party-list Rep. Maximo Rodriguez and Cagayan de Oro 2nd district Rep. Rufus Rodriguez.

Rufus proposes central body for organ donationsLAWMAKERS are push-ing for the creation of an agency, which shall facilitate a national system promoting organ donation from both deceased and living donors. Cagayan de Oro Rep. Ru-fus Rodriguez fi led House Bill 5390 establishing the Phil-ippine Network for Organ Sharing Corp. (PHILNOS) that shall serve as the central coordinating body for all deceased organ donation and transplantation activities in the country. Rodriguez said the 2008 Declaration of Istanbul on Organ Traffi cking and Trans-plant Tourism “strongly en-courages governments, in collaboration with health care institutions, profes-sional and non-governmental organizations to take ap-propriate action to increase deceased organ donation, remove obstacles and disin-centives to deceased organ donation, enact legislation and create transplantation infrastructure so as to ful-fi ll each country’s deceased donor potential.” “Tackling the issue of human organ and tissue transplantation in the 63rd World Health Assembly, it was reported that experiences in countries with the most successful deceased donor programs have shown the advantages of having strong national organizations that can stimulate, coordinate and regulate donations and transplantations,” Rodriguez said. He said such organiza-tions should inform the pub-lic about the importance of sustaining a community resource built on voluntary, unpaid donation of organs, tissues and cells rather than on the exploitation inherent in organ purchases and the provisions of equitable access to all.

Abante Mindanao Rep. Maximo Rodriguez, co-author of the measure, said transplantation has pro-longed and improved the quality of life of patients in need of organ replacement. He said the traditional source of organ graft s has always been the deceased donors but the perennial lack of deceased organ donors has continually hampered the widespread application of transplantation. “Th e imbalance of sup-ply and demand has created the need to resort to other sources of graft s, such as liv-ing donors. Organ donation from living donors, albeit a noble act of charity, has been beset by numerous ethical issues. It has unfortunately lent itself to abuse and has been tainted with commer-cialism in many areas of the world and oft entimes has been associated with human traffi cking,” Rodriguez said. Rodriguez said the De-partment of Health (DOH) attempted to address the situation on June 23, 2010 by establishing mechanisms to curtail organ sale and protect the living kidney donor through Administra-tive Order No. 2002-0124 and AO No. 2008-0004-A. “Despite the enactment of the Organ Donation Act of 1991 and the subsequent issuance of administrative orders, the potential of the use of deceased donors has yet to be fully utilized,” Ro-driguez said. “Th e potential of deceased organ donors is yet to be maximized in our country where the estimated number of deaths due to accidents is about 8,000 per year ac-cording to the ADB-ASEAN Regional Road Safety Pro-gram Accident Costing AC7 Report: Philippines,” the lawmaker said.

Rodriguez said the bill is necessary to institutionalize the development of a national system of promoting organ donation from deceased do-nors and sharing of graft s through the PHILNOS that shall implement a system of timely referral and processing of potential multiple organ donors, uphold equitable allocation, effi cient procure-ment and transplantation of organs from deceased donors. Under the measure to be known as the “National Program for Sharing Organs from Deceased Donors and Regulation of Human Organs Donation and Transplanta-tion from Living Donors Act,” or the “Organ Donation Act of 2011,” the PHILNOS shall manage the national living and deceased donor program, ensuring eff ective-ness, effi ciency, equity and transparency in the national system of allocation of de-ceased organs. PHILNOS shall initiate and implement programs that will increase awareness and acceptance of deceased organ donation and transplanta-tion and that will increase the number of organs from deceased donors for trans-plantation. It shall formulate and im-plement the policies that will promote the ethical practice of living and deceased organ donation and transplantation and supervise all functions of organ procurement orga-nizations. All government and pri-vate hospitals, health fa-cilities, organ procurement organizations, medical and allied medical profession-als, foundations, non-gov-ernment organizations and other government units that are involved or have relevant roles in organ transplantation in the Philippines are covered under the proposed Act.

MDG...from page 1

infused by the government to cover the repair and rehabilita-tion of elementary and second-ary school buildings in various locations. Lastly, P60 million was released to cover the acquisition of 52,630 armchairs and 1,169 teachers’ tables and chair will furnish 1,169 classrooms (725 for elementary and 444 for second-ary) out of the 1,430 classrooms to be constructed from current year’s releases from the P1-billion DepEd School Building Program. Of the P192-billion regu-lar budget of DepEd for 2011, P171.2 billion have already been released by DBM to the agency as of September 30, 2011. (w. reports from laurel media)

our youth achieve their full potential,” he added. He said DepEd is serious in expediting its progress towards the achievement of the Education for All (EFA) and Millennium Development Goals by 2015, and that is why it is aggressively pursuing training and develop-ment across all public schools. Of the P1.15 billion recently released to DepEd, P500 mil-lion will cover the Maintenance and Other Operating Expenses (MOOE), particularly in im-proving the learning outcomes determined in the Annual Imple-mentation Plan (AIP) of the schools; as well as to procure school supplies necessary in classroom teaching. Th is was released directly to DepEd’s 16 regional units. Meanwhile, a total of P483.8 million was released to fund teachers’ training, scholarship and fellowship grants, capac-ity building for non-teaching personnel, among other human resourced development activities. Th is release is charged from the P1.157-billion budget for Hu-man Resources Training and Development. Of the P483.8 million, P179 million will be used for the National English Proficiency Program. Also, P74.7 million has been released for the Madrasah Education Program of DepEd in the Autonomous Region for Muslim Mindanao. Another P104 million was

of provinces. “We hope to es-tablish more branches in areas where we think there is growth in agriculture as this is one of our priority areas,” he said, as he explained that lending to the sector is within the mandate of the bank. Mr. Leyba also reported that loans to priority sectors within the area of his supervision, which include Agusan del Sur and Surigao del Sur aside from the Davao Region, registered at about P8.087 billion during the fi rst nine months of the year. He projected that by the end of the year, the bank would have lent about P9 billion, P1 billion more than what was lent last year. “Th ere are still applications being reviewed,” he said, pointing out that about half of the total, or P4.818 billion, was borrowed by local government units. Other big borrowers are co-operatives with P895.25 million; fi nancial institutions like rural banks with a total of P604.27 million; and small and medium enterprises with P558.74 million. Business groups, including the Davao City Chamber of Commerce and Industry and the Mindanao Business Council, have urged the government to fi nd ways to ease requirements in lending to both small businesses and the agricultural producers. In response, Mr. Leyba said the government bank has been trying to accommodate many of the applicants that are either small businesses or coopera-tives in the agricultural sector. -- carmelito q. francisco

Landbank...from page 1

said Camilo C. Leyba, Landbank regional head and vice president. “(Tagum) is booming as new commercial centers are being constructed there,” he noted, adding a proposal for three more branches in the Davao Region is being fi nalized, with two in Davao City and one in Digos City, the capital of Davao del Sur. He said his unit had submitted the proposal to Landbank’s board of directors, which if approved, would be presented to the central bank for fi nal approval. The area covered by Mr. Leyba’s offi ce has 15 Landbank branches, three accounting of-fi ces, an extension offi ce and a lending offi ce. Most of these branches are in the cities and in the capitals

10 BusinessWeekMINDANAONov 7-10, 2011

LOT FOR SALEBEACH HOUSE

Baloy, Cagayan de Oro CityBy appointment only

Tel. #: (088) 855 3898FOR YOUR ADVERTISEMENTS PLACEMENTS CONTACT

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

MisOr•TodayMisOr•Today

stakeholders , chi ldren with cancer in Mindanao may get another lease in life, a second chance and a brighter hope. PhilHealth’s call to ac-tion has caught the atten-tion of a number of private partners who committed to join the advocacy of hope for children with cancer. Last October 18, Phil-Health Mindanao formally sealed the Sponsorship Agreement with its main partners through a Sign-ing Event held at the Wa-terfront Insular Hotel in Davao City and introduced the following Co-presen-tors of the PhilHealth Run: The Mindanao Run for Hope: Rite Med, United Labo-ratories, Inc., “right medi-cine, priced right” from the leading pharmaceutical company in the Philippines and ABS-CBN Broadcast-ing Corporation – the larg-est integrated media and entertainment company in the country. Smart Communica-tions Inc., the Philippines’ leading wireless services provider, CIS Bayad Cen-ter, Inc. , the country’s pioneer and leader in the over-the-counter multiple bills payment collection business and All Card Plastics, Inc., the highest volume, fast-growing full plastic card printing and production facility in the Philippines. PhilHealth Mindanao was represented by OIC-AVP Ramon F. Aristoza, Jr. while the Co-presentors were represented by Atty. Jose Maria A. Ochave, Senior Vice Pres ident for United Laboratories,

Misor airport gets funding under PPP schemeTHE PPP Center said it has approved the request of the Department of Transpor-tation and Communica-tions (DOTC) to finance the feasibility studies of the agency’s four projects under the public-private partnership (PPP) mode. In a statement, Cosette V. Canilao, executive di-rector of PPP Center, said the Project Development and Monitoring Facility (PDMF) Board approved the funding of pre-investment studies for three airport-related projects and another one involving an automatic transport fare collection system of DOTC. These cover the con-struction, and operation and maintenance of the Mactan Cebu International Airport (MCIA) New Passenger Ter-minal Building amounting to US$ 30 million to US$ 40 million; the operation and maintenance of a new Bohol Airport, P40 million; the

operation and maintenance of the Laguindingan Airport in Misamis, Oriental, P20 million; and the establish-ment of an Automatic Fare Collection System (AFCS) for Light Rail Transit (LRT) 1, LRT 2, and Mass Rail Transit 3, P25 million to P30 million. The PDMF is a funding pool managed by the PPP Center to enable proponent agencies to come up with viable and well-prepared PPP project proposals. The PDMF has been es-tablished with P300 million financing from the govern-ment and co-financed by Australia which provided US$ 6 million under an Asian Development Bank technical assistance pack-age. Earlier, two projects were also approved for PDMF support by the PDMF Board. These are the Depart-ment of Health’s Philippine

Orthopedic Center Mod-ernization Project and the Department of Education’s PPP for School Infrastruc-ture Project which aims to build 10,000 additional classrooms for the country. Rolando G. Tungpalan, chairman of the PDMF Board and deputy direc-tor general of the National Economic and Development Authority (NEDA), said all concerned agencies are working hard to properly utilize the PDMF “to ensure that the projects will meet international standards that will allow for very good investments” in the country. Other agencies that are duly represented in the PDMF Board are the De-partment of Finance, the Department of Budget and Management and the PPP Center. A competitively selected firm from among a roster of nine national and interna-tional consulting firms will assist in the conduct of the pre-investment studies.

PhilHealth Run: The Mindanao Run for Hope

By MERLYN H. YBAÑEZ

MISAMIS Oriental -- The Philippine Health Insur-ance Corporation (Phil-Health) has organized the “Philhealth Run: The Mindanao Run for Hope” to take place in February 5, next year. As the country’s health insurance arm, Philhealth is mandated to provide affordable, accessible and quality health care to all Filipinos, will continue to enhance its role in the health care sector and sup-port the preventive aspect of health, rather than just the usual curative agenda. Thus. taking off from the success of running events in providing an avenue for public and pri-vate partnership (PPP) to work together towards a good cause, PhilHealth Run will, simultaneously be held in six key cities: Butuan, Cagayan de Oro, Davao, Koronadal, Marawi and Zamboanga. This running event is targeting a minimum of 17,000 runners, the first simultaneous run to be held across the island of Mindanao. Philhealth Run hopes to bridge financial assis-tance to a chosen main beneficiary, the Southern Philippines Medical Center (SPMC) Children’s Cancer Center and Blood Diseases Unit (SPMC-CCCBDU) located in Davao City. The SPMC-CCCBDU is the only facility in Visayas and Mindanao that can de-liver multidisciplinary care for children with cancer. Through this running event and PhilHealth’s army of par tners and

Manuel Lorenzo Tuason (President and CEO of CIS Bayad Center), Allieta C. Cue, President, All Card Plastics, Trisha Corpus, Station Manager for ABS-CBN Davao and Haydee Bernabe, Public Affairs Sr. Officer for Smart Com-munications. A brief summary of the milestones and ac-complishments of SPMC-CCCBDU was presented by Dr. Mae Concepcion J. Dolendo, Pediatr ic-Oncologist and Program Director for St. Jude Chil-dren’s Research Hospital International Outreach Partner Site. Dolendo said that their pediatric cancer program has yielded improved sur-vival rates through the years and hopes to help more kids with cancer across Mindanao. She expressed opti-mism that through the PhilHealth Run, stakehold-ers from the government, medical and business sec-tors will take another look at the plight of these kids and help in increasing and improving the pediatric cancer facilities and in finding solutions to the usual problems on budget-ary constraints, unedu-cated parents/ guardians and the lack of access to a cancer facility. She also led the Co-presentors for an on-site visit to the Center and the House of Hope, a transient home for kids with cancer and their parents. PhilHealth Run: The Mindanao Run for Hope will be formally launched, this month. (philhealth/pia-10)

BillboardBillboard 11BusinessWeekMINDANAO

Nov 7-10, 2011

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

Are you looking for a better tabloid newspaper in Mindanao for the pro-motion of your products and services intended for C,D & E markets?

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ANG NEWSPAPER NG MASACIRCULATING IN MINDANAO

GT Cosmetics penetrates int’l market through social mediaHOMEGROWN cosmetic manufacturing company GT Cosmetics has clinched an export deal with a hotel chain in Finland despite the lack of marketing efforts to promote their products abroad. Thanks to social media blogs, the word-of-mouth marketing strategy of the company proved powerful in getting a share in the international market for beauty soaps and products. “The spa manager of the hotel found us through a blog site then sent us an email requesting for samples of our bar soaps. Now, we will be having our first ship-ment to Europe,” shares GT Cosmetics owner and chemical engineer Leonora B. Salvane. About 1,000 soaps will be shipped to Finland on marking the company’s first entry to the international market. “Our shipment to Fin-land is considered our first business-to-business deal with a foreign buyer. It serves as another proof that local brands can be world class. The deal would also become our first step to be recognized in Europe,” said

among new and avid users. Moreover, Salvane is looking at clinching more clients in Europe as its first foreign buyer promised to help promote the product in the region. GT Cosmetics was founded in 1992 as a home-based family business in the town of Liloan, which is 18 kilometers north of Cebu City. It now has 100 workers and retails to over 170 locations of health and beauty store chain Watson’s here in the Philippines as well as to leading department stores, malls, and supermarkets nationwide.

Salvane. Salvane, who is a chemi-cal engineer, formulated the company’s beauty bar soaps using organic and herbal extracts that help improve the skin. It comes in three variants namely the car-rot, papaya, and bleaching organic soaps. The buyer in Finland has ordered the carrot and papaya soap variants that can remove skin blemishes while keeping it smooth and moisturized. GT Cosmetics have be-come quite popular among the youth market composed of students and young pro-fessionals in Cebu and some parts of the Visayas and Mindanao regions. A great number of Overseas Filipino Workers in Hong Kong,

Dubai, and Japan also patron-izes its bar soap products. Its new line of cosmetic cream products namely the night cream, day cream, sunblock, and toner are also starting to gain popularity

INVITING all ladies to rush to SM Department Store’s Warehouse Sample Sale. Happening on Nov. 18-20 at 2nd floor SM City Mall Cagayan de Oro. Up to 50% off on wide assortments of ladies and girls teens apparels to choose from. Plus, for a minimum P399.75 single receipt

Ladies and Girls fashion warehouse sample sale

purchase worth of BNY items, you can Meet and Greet with BNY’s brand endorsers Coleen Garcia and Martin del Rosario on November 20, 2 pm at SM City Mall Atrium. All of these excit-ing events happening only in SM Department Store’s Warehouse Sam-ple Sale.

NEW LIGHT PAWNSHOPDon. S. Osmeña St., Fronting Public Market, Cagayan de Oro City

NOTICE OF AUCTIONStarting November 18, 2011 (Friday) at 9:00 A.M. to 5P.M. , this estab-lishment will set an Auction Sale on all pledges since June 2011. Patrons are enjoined to verify their receipts. MANAGEMENT

PAHIBALOSa Nobembre 18, 2011 ( Bernes) sa may 9:00 sa buntag paingon sa alas 5;00 sa hapon, ang Tanan nga penirenda nga wala malukat sa bulan sa Hunyo 2011 maapil sa subasta. Giawhag ang tanan suki sa pagsusi sa ilang resibo. ANG TAGDUMALABWM NOV. 7, 2011

NEW LIGHT PAWNSHOPGen. Capistrano St., Cagayan de Oro City

NOTICE OF AUCTIONStarting November 18, 2011 (Friday) at 9:00 A.M. to 5P.M. , this estab-lishment will set an Auction Sale on all pledges since June 2011. Patrons are enjoined to verify their receipts.

MANAGEMENTPAHIBALO

Sa Nobember 18, 2011 (Byernes) sa may 9:00 sa buntag paingon sa alas 5;00 sa hapon, ang Tanan nga penirenda nga wala malukat sa bulan sa Hunyo 2011 maapil sa subasta. Giawhag ang tanan suki sa pagsusi sa ilang resibo. ANG TAGDUMALABWM NOV. 7, 2011

GRAET VALUE PAWNSHOPV. Catro St., Carmen, Cagayan de Oro City

NOTICE OF AUCTIONStarting November 18, 2011 (Friday) at 9:00 A.M. to 5P.M. , this estab-lishment will set an Auction Sale on all pledges since June 2011. Patrons are enjoined to verify their receipts. MANAGEMENT

PAHIBALOSa Nobembre 18, 2011 ( Bernes) sa may 9:00 sa buntag paingon sa alas 5;00 sa hapon, ang Tanan nga penirenda nga wala malukat sa bulan sa Hunyo 2011 maapil sa subasta. Giawhag ang tanan suki sa pagsusi sa ilang resibo. ANG TAGDUMALABWM NOV. 7, 2011

Sale...from page 1

Corp. bought the barges from Japanese firm Hi-tachi Zosen Corp. and used these to help ease a severe power shortage in the south by providing the required support to the Visayas and Mindanao regions. PB 101 and PB 102 are moored at Bo. Obrero, Iloilo City, while PB 103 and 104 are moored at Botongon, Estancia, Il-oilo, and at the Holcim Compound, Ilang, Davao City, respectively. These barges had been moved to various locations of the country to meet technical requirements - usually a power shortage - or to provide reactive power support to improve voltage regulation at the end of very long transmis-sion circuits.--InterAksyon

and the Netherlands, all belong-ing to the 15 countries with highest exposure, show that good disaster preparedness in view of the development of coping and adaptive capacities can signifi cantly reduce the disaster risk.” It noted that state failure is a major risk factor. “Whether natural events turn into disasters depends critically on the coping and adaptive capacity of govern-ments,” the report said. “States with strong institutions have fewer deaths after extreme natural events than those with weak or inexistent institutions.” Th e World Risk Index is drawn up by looking at the following: - How likely is an extreme natural event and will it aff ect people? - How vulnerable are people to natural hazards? - To what extent are societies able to cope with severe and immediate disasters? - Does society take pre-cautionary measures against anticipated future natural haz-ards? Meanwhile, the bill seek-ing to establish the PSF will appropriate at least P1-billion pesos from the annual General Appropriations Act. “Th is fund shall be used to support local governments’

RP...from page 1will support communities de-velop climate change adaptation measures and disaster risk reduction projects. Published by the German Bündnis Entwicklung Hilft (Alliance Development Works), which bills itself as an alliance of German development and relief agencies providing long-term aid in the aft ermath of major disasters and in emer-gencies, the World Risk Report ranks 173 countries based on their exposure, susceptibility, coping capacities and adaptive capacities to disasters. Oil-rich Qatar, on the other hand, had the lowest risk in-dex, according to the report, followed by Malta and Saudi Arabia. Th e other countries that placed high in the risk index are in Asia and Latin America. Among these were Bangla-desh, Timor Leste, Cambodia, Guatemala, Costa Rica and El Salvador. However, while Japan, Chile and the Netherlands were among the top 15 in terms of risk exposure, their high coping and adaptive capacities kept them off the top of the World Risk Index. Th e report explained that “the examples of Japan, Chile

adaptation activities, such as in the areas of land and water resources management, agri-culture and fi sheries, health, infrastructure development, and natural ecosystems,” said Senator Loren Legarda, one of the measure’s sponsors, in a statement. Senate President Juan Ponce Enrile is also one of the original sponsors of the PSF bill. A counterpart bill in the House of Representatives, HB 3528, principally sponsored by Deputy House Speaker Lorenzo Tanada III, has passed second reading.

bunker-fired diesel generat-ing power stations, consist-ing of four identical Hitachi-Sulzer diesel generator units rated at 8 MW each. The National Power

12 BusinessWeekNov 7-10, 2011