INSIDE LOOK
Green projs receive most ODA funding
Jollibee eyes foray into Euro market
BSP to extend rural bank strengthening program
PH, Asia-Pacific banking system stable -- Moody’s
SWS survey showing Pinoys ‘not doing anything’ against climate change alarming: CCC
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Briefly SSF projects AT least three out of more than 10 projects in Misamis Occidental are now in the pipeline to avail of the Shared Ser vice Facilities (SSF) Project of the Department of Trade and Industry (DTI). The SSF is actually a loan facility worth P700 million, nationwide, for Micro, Small and Medium Enterprises (MSME’s) to be used in buying machinery and equipment for common use of beneficiaries, not only to improve the quality but also the volume of their production, DTI Provincial Director Delia M. Ayano said. Of this amount, P40 million have been allocated for Northern Mindanao, which is expected to answer MSME’s needs for additional machinery and equipment to expand their business.
Coco sugar project MAMBAJAO, Camiguin -- A P2-million worth community enterprise is now operating in the town of Guinsiliban to assist in raising the income of coastal dwellers and lessen dependency on fishing. The Coco Sugar production is operated by the Guinsiliban Coconut Sap/Toddy Sugar Producer Association, with some 18 members coming from identified fisher folks and women’s association who are directly working on the project. Members are tasked to gather coconut sap, locally known as “tuba”, at an average of three gallons per day, to be purchased by the association at a price of P40/gallon. The enterprise also pays sugar processors/beneficiaries at a minimum monthly wage.
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Banking & Finance
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Cagayan de Oro City
Volume III, No. 261
Market Indicators
Banking & Finance
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Tuesday
P15.00
July 23, 2013
4 th SONA
P-Noy says Mindanao’s power crisis over soon ‘vows to push for inclusive growth’
P
By NELSON V. CONSTANTINO, Editor-in-Chief
RESIDENT Benigno Aquino III on Monday assured Mindanaoans the government is bent to curve the widening energy deficiency on the island with measures already at hand to end the impending crisis.
He also enjoined all sectors to be part of the solution and not to discourage initiatives a i med to br i ng back to normalcy the island’s power supply. crisis/PAGE 11
President Aquino drinks water to soften his soar throat in between his State of the Nation Address (SONA) yesterday which lasted for 1 hour and 40 minutes.
Belmonte reelected Speaker, Drilon new Senate president
Tigwahanon Manobo “bahay kubos’ at the Malasag Eco-Village.
Filipino’s unique ‘Bahay Kubo’ inspires Primavera Residences ‘green design’ drilon
belmonte
QUEZON City Rep. Feliciano Belmonte has been reelected Speaker of the House while Senator Frank lin Drilon was elected Senate President Monday at the start of the 16th Congress.
B el monte won by a landslide over his rivals for t he post. Sa n Jua n R e p. Ron a ldo Z a mor a automat ic a l ly become s minority leader. reelected/PAGE 11
AN Italian architect with an eye for endemic Filipino design models like the “bahay kubo” is fast making a name in the local and international real estate and green architecture industry. A rchitect Romolo
V. Nati, Chairman and C E O o f I TA L P I N A S Euroasian Design and EcoDevelopment Corporation (ItalPinas), said he sees the humble bahay-kubo as the quintessential sustainable house.
“We try to incorporate t he ba hay kubo g reen architecture concept into our designs,” Nati said of his Filipino team of architects. ItalPinas built the first green medium rise building Primavera/PAGE 4
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CCPI urges ‘trademark’ for PHL industries By KRISTYN NIKA LAZO
Mindanao trade, travel expo set in Davao City
WITH the Philippines known for having flexible and hard working people, the Chamber of Commerce of the Philippine Islands (CCPI) emphasized that it is not enough that the country is only known for exporting labor, but DAVAO CITY—The annual should focus on having a “trademark” in industries and manufacturing. 7th Mindanao Travel and Jose Luis Yulo, president of the CCPI, enumerated
countries having their own trademark—Sw itzerland
for chocolates, Japan and Germany for technology— saying that the Philippines do not have anything to boast when it comes to industries. “If you say Filipino, [most of people] will think that it is all about exporting labor force in other countries . . . BPO [business process outsourcing] and OFWs [overseas Filipino workers], yes [we are profiting from those sectors], but to my
mind is a form of slavery because you’re doing the jobs that others don’t want,” Yulo said. “We should find where we should stand out, and have our own trademark in manufacturing,” he added The country’s most profitmakers are the electronics and BPO sectors as well as the OFWs with BPO sector is the fastest-growing industry in the country—employing
77,000 agents last year— electronics sector who’s one of the top in exports internationally, while the OFWs remits $20 billion annually. “Ever si nce t he new President [Benigno Aquino 3rd] came in, the economy has been going well because the people trust the government more. The country’s leader who’s not corrupt, and who’s ccpi/PAGE 10
Economy to maintain robust growth — FMIC AN INVESTMENT banking firm is expecting that the Philippine economy will maintain the robust growth it recorded at the start of the year. “The Philippine e c onomy ’s s t e l l a r performance of 7.8-percent expansion in GDP [gross domestic product] in the first quarter is a sign that we are on the right track. Almost all sectors excepts exports posted positive growth,” First Metro Investment Corp. (FMIC) President Roberto Juanchito Dispo said. FMIC is also optimistic on the country’s economy
despite risks coming from the slowing down of equities market, peso depreciation, special deposit accounts rate cuts and the uncertainties in the external markets. With such optimism, the firm is seeing Philippine economic growth to be well within the government target of 6 percent to 7 percent this year. It projected t hat t he country’s GDP would grow at 7 percent to 7.5 percent i n 2013, on accou nt of strong manufacturing and consumer sectors. FMIC also said that heavy consumer spending as well as
the governments’ investment to infrastructure, such as the public-private partnership (PPP) projects, will also drive the expansion of the economy. Meanwhile, it added that inflation will remain at the low end of the 3-percent to 5-percent target of the gove r n me nt . T he f i r m projected t hat inf lation is anticipated to further slowdown to an average of 2.8 percent by the end of the year in the midst of sufficient food supply and stable oil prices. Furthermore, remittances fmic/PAGE 10
Trade Expo (MinTTE) 2013 is slated on August 9 to 11 at the Atrium of the Gaisano Mall here. “This year’s theme is Mindanao towards ASEAN 2015, the Borderless Asia,” sa id Cha rito Ara nda, president of the organizing Dabaw Tourism Operators Association (Dabtoa). The three-day event is in partnership with Air Asia Cargo and the Department of Trade and Industry (DTI). “Aside from our booths from the travel and tour, resorts, portal, airlines, transit etc., we will also feature different competitions to attract visitors,” Aranda said. Among the early supporters are Air Asia Cargo, The Royal Mandaya Hotel, D’ Leonor Hotel, Inland Resort and Adventure Park, John Group of Companies, Jewelr y Express, biyahe. com.ph, Cargo King, Davao Water Taxi, Sabai-Sabai Spa, University of Mindanao and D’Bone Collector Museum. “We want to prepare Dav ao for t he A SE A N Economic Community (AEC) in 2015,” Aranda said. expo/PAGE 10
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Smart expands LTE service to 170 cities, municipalities SMART Communications Inc has expanded its long-term evolution (LTE) service to 170 cities and municipalities across the country. I n a s t atement , t he country’s largest mobile phone prov ider said its fou r t h-generat ion (4G) mobile broadband is available not only in Metro Manila, but also in the province of Rizal as well as in parts of northern Luzon, southern Luzon, the Visayas and Mindanao. “We foresee how access to a reliable and pervasive LT E ne t work c a n help create so many new ways for our subscribers to benefit from the technology. These benefits include access to
multimedia entertainment, and the use of technology as a tool for education, health, governance, among others,” Rolando G. Peña, head of technology at Smart and its parent company Philippine Long Distance Telephone Co (PLDT), said. “By continuously expanding our LTE coverage, we are investing in local communities and economies, and making sure that the best of our services are available to our subscribers, wherever they are in the country,” said Peña. LTE provides Internet speeds of up to 42 megabytes per second (Mbps), allowing subscribers to watch movies
or videos and uploading or download photos on their mobile device with no lag, no buffering, and no delays. Smart will be the exclusive carrier of the new Samsung Galaxy Mega 6.3”, one of the world’s most advanced A nd roid “ph a ble t s .” A phablet is a hybrid of the smartphone and tablet. Available at Smart AllIn Plan 1200 and free at Unli Data Plan 2000, the Samsung Galaxy Mega 6.3” is the largest LTE-capable smartphone in the market today, bringing into one handy device the combination of LTE connectivity and t he ma x imized v iew ing smart/PAGE 4
Jollibee eyes foray into Euro market
such facility after opening the Nestlé Experimental and Demonstration Farm (NEDF) in Tagum City, Davao del Norte. T h e f a c i l it y hou s e s nurseries for the production of 500,000 Robusta coffee seed lings, a technolog y Nestlé/PAGE 11
Jollibee Foods Corp. chief operating officer Ernesto Tanmantiong said the fast food giant is planning to expand into the European market, but perhaps in the next few years. “We are looking at the European market. Maybe, 3 years from now because we still see a lot of opportunity growth in North America. Once we kind of saturate the North American market then we will enter Europe in
Apple software Nestlé opens coffee developers research center in Lipa manufacturer coffee beans from farmers. site hacked NESCAFÉ Nestlé Philippines, Inc., has It is the company’s second N E W YO R K C I T Y Computer and sof t ware giant Apple said Sunday that it took its software developers’ site offline after it was hacked, warning that personal information about them may have been stolen. “ L a s t T hu r s d ay, a n apple/PAGE 11
opened a coffee production and research facility in Lipa City, Batangas. The P25-million, fivehectare Nestlé Lipa Integrated Coffee Center (LICC) was for ma l ly lau nche d la st week and functions as an integrated research center and a station for buying
FERDIE BERNASOR President
PAU ELIO Director, Club Public Relations
ALVIN BENASA Vice President
DODIE LAGROSAS Director, Service Projects
3
BEN ELIO Secretary
ALEX PARAS Director, Rotary Foundation
WILL Europeans soon enjoy Chicken Joy and borders. “We believe our ‘Chicken Jolly Spaghetti?
JULIUS DULFO Treasurer
JONG DUMLAO Sergeant at Arms
the near future,” he said. As of end-March, Jollibee had 783 Jollibee branches in the Philippines and 94 flagship branches overseas. There are 40 Jollibee branches in Vietnam, 26 in the United States, 13 in Brunei, 9 in Jeddah, 3 in Qatar and 1 in Hong Kong, Kuwait and Singapore. Tanmantiong is confident Jollibee will become a global brand that is capable of helping Pinoy food transcend
PAUL FERRER Director, Club Administration
MIKE MENDOZA PRO
Joy’ is a superior product which is universally accepted by all races and from all parts of the world,” he said. Jollibee has posted a net income of P894.7 million in the first quarter of 2013, a growth of 33% from the first quarter of last year. With business in China leading the growth, Tanmantiong is looking at the international market to comprise “50% of the entire JFC’s revenue and profits” in Jollibee/PAGE 4
HENRY CAY-AS Director, Membership
MAR PAANO Immediate Past President
LUIGI SARRAGA President-Elect
For lifestyle and events updates in Northern Mindanao, read...
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PHL needs to encourage reforestation to eliminate wood imports
Primavera... from page 1
By Marvyn N. Benaning
THE Philippine government should get its act together, comprehensively analyze its logging ban and allow smallholders to plant trees in private plantations to reduce dependence on wood imports in the long run. Yonariza, an Indonesian resea rcher, a nd Sha ron B . S i n g z on m a d e t h i s recommendation in their s t u d y e n t i t l e d “ P o s tlogging Ban Timber Tree Planting in Thailand and the Philippines” that the Southeast Asian Regional Center for Graduate Study and Research in Agriculture (SEARCA) had funded. T he st udy, SE A RCA Director Dr. Gil Saguiguit Jr. said, is “significant since it took into consideration the role played by smallholders in the two countries and how the government could encourage small farmers to engage in reforestation.” Saguiguit noted that the paper, which was published by Searca last year, also became a significant item among European researchers imports/PAGE 11
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ST ‘Pablo’ survivors picking seafood/shells for food at the seashore of Ban-ao in Baganga, Davao Oriental, which is part of the DENR’s protected seascape. photo by bong d . fabe
Green projs receive most ODA funding By Cai U. Ordinario
THE Philippines received the most official development assistance (ODA) for projects related to the Millennium Development Goal (MDG) on Ensuring Environmental Sustainability in 2012. The 2012 ODA Portfolio Review released by the National Economic and Development Authority (Neda) showed that as of 2012, there’s a total of P212.97 billion in ODA loans and grants were devoted to the achievement of the MDGs. Of this amount, the goal on Ensuring Environmental Sustainability received the most ODA, which amounted to P68.65 billion or 32 percent of the total ODA extended for MDGs. This covered as much as 61 projects. “Of the total number of ODA projects, 62
loans and grants [71 percent] worth P150.75 billion support a specific goal while 31 loans and grants [29 percent] or P62.22 billion are considered as cross-cutting projects supporting various MDGs,” the Neda said. The green ODA received by the country includes those for projects implemented by the Department of Environment and Natural Resources (DENR) which amounts to P10.25 billion. These include the National Program funding/PAGE 11
Gov’t pursues massive New monitoring system paves tree planting in 4 years way for energy-efficient buildings THE government is aggressively undertaking greening efforts with the aim to grow an additional 1.2 billion trees in 1.2 million hectares nationwide in the next four years. Ricardo Calderon, chief of Forest Management Bureau of the Department of Environment and Natural Resources (DENR), said that in 2011 and 2012, the National Greening Program (NGP) already planted on 350,332 hectares with 215 million seedlings. Calderon said these include agricultural produce such as coffee, cacao and rubber; as well as timber or forest trees such as bamboo and rattan. “(This) generated 715,774 jobs in the countryside especially in the Philippine upland communities,” he said. The NGP, the flagship reforestation program of the Aquino government, aims to plant 1.5 billion trees in 1.5 million hectares for a period of six years until 2016. With massive reforestation program in terms of coverage and number of target trees, Calderon said environment authorities are utilizing technology in tracking planted trees. He said the application of Geographic Information System (GIS) software and geo-tagging will be “keenly Pursues/PAGE 11
I N OR DER to promote energy-efficient buildings and infrastructures in the country, the Department of Energy (DoE) and the Building for Ecologically Responsive Design Excellence (BERDE) recently launched a new rating system that will monitor their environmental performance. T he BER DE Green Building Rating System (GBRS) is used to measure, verif y, and monitor t he environmental performance of buildings that exceeds existing mandatory regulations and standards. It is consensus-driven, and achieved through a multistakeholder consultation and collaboration process. At present, t here are
t welve BER DE bui lding projects that are registered under the Philippine Energy Efficiency Project-Efficient Building Initiative (PEEPEBI) and 31 government bu i ld i ngs for e f f ic ient lighting certification. “With the BERDE Green Building rating system in place, we now have t he local counterpart for the Leadership in Energ y and Environment design or LEED —t he accepted benchmark in green building design in the United States of America. Really this green building rating system is a milestone in the domestic building sector because no green building standard existed here before,” DOE system/PAGE 11
(MRB) in Mindanao – the Primavera Residences in Cagayan de Oro City. “The bahay kubo is so beautiful in its simplicity and practicality. It harnesses the wind and the light coming from nature to provide its occupants basic comforts like cool air passing through its perforated walls without harming the environment,” said Nati. A rc h . Nat i a nd h i s team of Filipino architects at ITALPINAS have been cited internationally for their nature-friendly designs. Their latest project was recognized by the Climate Technology Initiative Private Financing Advisory Network (CTI PFAN), whose funding partners include the Asian Development Bank (ADB) a nd t he Un it e d St at e s Agency for International Development (USAID). Arch. Nati also received a “Special Energy Award” in the 2011 Design Against the Elements (DAtE) global architectural design competition. Primavera Residences was cited as one of the “Best Condo Developments in the Philippines” at the 2011 Southeast Asia Property Awards (SEAPA) held in Singapore and granted a recognition certificate as a finalist and as one of the “most promising clean energy investment opportunities” during the Climate Technology Initiative Private Financing Advisory Network (CTI PFAN) Philippine Clean Energy Investment Forum in Manila on June 21, 2010. Arch. Nati, who took architecture and graduated “summa cum laude” at La Sapienza University in Rome, has worked for numerous architectural and engineering firms in Italy and in the United States. Primavera Residences is a mixed-use green building comprising two towers with 10 storeys each. Tower A is a lready completed, while Tower B is currently undergoing construction. Tower A boasts of ecofriend ly design features such as an inner courtyard a nd a cross-vent i lat ion layout among the units to increase the natural airflow and illumination. Shaded facades reduce direct sun illumination on the windows of each unit in the building.
“Our buildings boast of passive eco-design elements li ke shades to protect residents from the sun’s direct radiation with a d ra mat ic decrease of temperature inside the units,” added Atty. Jose D. Leviste III, president of ItalPinas. Atty. Leviste added that Primavera Residences is one of the first buildings in Mindanao which shall be equipped with photovoltaic solar panels. These panels w i l l produce renewable energ y whi le prov id ing additional shade to lessen heat refraction in upper story residential units. Ita l Pi nas a lso of fers services such as concept development, architectural design, engineering solutions and business planning for new projects, building restoration and town planning. It has a lso vent u red in renewable energy such as hydro, geothermal and wind through its affiliate compa ny, Constel lat ion Energy Corporation (CEC).
Smart... from page 3
experience of a phablet. “In the same way that this phablet is the perfect d e v ic e for p e ople w ho cannot quite decide whether to get a smartphone or a tablet, so is Smart LTE the perfect ‘partner’ to a device as advanced as the Samsung Ga la x y Mega 6.3”,” said Smart postpaid business head Kathy Carag. “Not only is Smart LTE faster and more reliable, but it is also the Philippines’ most widely-available LTE service. This ensures that users can maximize their Samsung Galaxy Mega 6.3” and enjoy its features right in t he areas where t hey live, work and play,” added Carag. Smart’s expanded LTE coverage is supported by over 71,000 kilometers of fiber optic cables connecting base stations to the core network, enabling it and its parent company to deliver the best data services at the speed of light.
Jollibee... from page 3
the coming years. T he Jol libee g roup operates a total of 2,654 stores worldwide, with its brands such as Jollibee, Red Ribbon, Chow King and Yonghe King.
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consolidations and acqu isit ions (MCAs) of troubled rural banks by larger banks such as commercial banks and well-managed thrift banks. The program started in 2010 and was intended to run until August of last year. The Bangko Sentral has extended it until August this year. Espenilla said, “Quite a number of banks have availed of the SPRB. There are still pending transactions.” He added t hat t here are “pending significant
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Forex surplus jumps in June
PH, Asia-Pacific banking system stable — Moody’s By Mayvelin U. Caraballo
DEBT-WATCHER Moody’s Investors Service said that the outlook for the banking system in the Philippines and the rest of Asia-Pacific region remains stable. In the report “Asia-Pacific 2013 Sovereign Mid-Year Update: Broad Regional Stability Amid Continuing External Volatility,” Moody’s said that banking system outlooks are stable in nine out of 15 rated systems in Asia Pacific. “The positive outlook for the Philippines is unique globally, while those for Hong Kong, Mongolia and Singapore have been revised to negative this year. Although we do not expect banking system stress to materially affect sovereign creditworthiness in these countries, there continue to be important channels of transmission,” it stated.
BSP to extend rural bank strengthening program THE Bangko Sentral ng Pilipinas may extend the incentives program it offers to big financial institutions acquiring troubled rural banks in a bid to encourage mergers and prevent more closures of banks in the countryside. “I f it ’s goi ng to b e productive in t he sense t hat t here w ill be more deals, we can keep an open mind,” central bank Deputy Governor Nestor Espenilla Jr. told reporters when asked if the bank will extend the August deadline for the strengthening program for rural banks (SPRB). “The objective of the BSP is to facilitate more mergers,” he said at the sidelines of the central bank’s appreciation dinner Friday night. The SPRB is a multibillion program designed to enc ou r a ge mer ger s ,
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tuesday - July 23, 2013
More Pinoys now embrace microinsurance FILIPINOS are beginning to understand and adopt the concept of insurance, as the Department of Finance (DOF) recently said that the number of Filipinos who own microinsurance policies have more than doubled as of end-2012 compared to 2010 figures. The DOF said that there were 12.9 million Filipinos who own microlife and nonlife insurance policies as of end 2012, as against six million policyholders in 2010. In effect, the figure signifies the credible job that rural banks have been doing in educating and reaching out to the underprivileged sector regarding the importance of microinsurance. This significant growth can also be attributed to rural banks gaining much support from the government, by encouraging private entities to offer insurance products that cater to the needs and meet the limited financial capabilities of the poor, especially to those who had no previous access to microinsurance. Being from the same community as its target market, rural banks—in general—are in a better position to understand the specific needs of the rural communities. As such, they have been permitted to act as agents of microinsurance products through the Bangko Sentral ng Pilipinas (BSP) Circular 683, series of 2010. This authority allowed rural banks to serve as channel partners on microinsurance, facilitate client’s enrollment and collect premiums and claims administration. Meanwhile, the technical research arm of the Rural Bankers Association of the Philippines—Rural Bankers Research and Development Foundation Inc. (RBRDFI)—has also played an active role in preparing rural banks to be effective agents of microinsurance by facilitating technical assistance and knowledge transfer. The trainings being conducted by the RBRDFI are designed to benefit rural banks that want to improve the ways they market and sell microinsurance. They focus on how rural banks can help people regard microinsurance as an effective safety net during times embrace/PAGE 10
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mergers” for the year. Ju s t l a s t F r i d a y, shareholders of China Savings Bank, a unit of listed China Banking Corp., approved the merger with Pampanga-based Unity Bank, targeting 100 branches next year. The merger is awaiting the green light from both the Bangko Sentral and the Securities and Exchange Commission. The SPRB aims to give f i na nc ia l a s si st a nc e to eligible strategic third-party investors desiring to enter into MCAs with eligible but capital-deficient rural banks. It also ensures that banks who want to enter into MCAs have strong balance sheets when it takes over a bank. A mon g ot he r p e rk s given to participating rural ba n k s are condonation, restructuring and waiver of past due rediscounting and emergency loans of the Bangko Sentral and all due dividends.
Moody’s also said that sovereign ratings in the region are likely to withstand the effects of the moderation in global demand and the volatility in global capital markets. “Most key metrics related to growth, fiscal and external performance remain well-positioned as compared to the period prior to the Global Financial Crisis,” it added. Furthermore, the ratings agency said that government finances in the Asia Pacific remain relatively sound. It said that governments in the region stable/PAGE 10
MANILA - The country’s balance of payments (BOP) surplus rose significantly in June on sustained inflows of remittances, business process outsourcing (BPO) receipts and investments. Data from the Bangko Sentral ng Pilipinas (BSP) showed the BOP surplus hit $692 million last month, significantly higher than the $75 million in June last year. “The six month cumulative surplus of $2.6 billion keeps us on track to meet the full-year revised projection of $4.4 billion surplus,” BSP Governor Amando M. Tetangco, Jr. said. The BOP summarizes t he count r y’s economic transactions with the rest of the world, such that a surplus means dollar receipts exceed payments and a deficit the reverse. Persistent BOP surpluses help build up the country’s gross international reserves (GIR), an ample supply of which helps prop up the peso and keeps domestic inflation at bay. Inflation in the first six months of the year averaged at the lower end of the BSP’s full-year target range of 3-5 percent. Tetangco said sustained inf lows from remittances, forex/PAGE 10
PNB scouting for bank to acquire THE Philippine National Bank (PNB) wants to acquire a bank after merger talks with Bank of the Philippine Islands (BPI) collapsed. “We will buy (a bank),” PNB owner Lucio Tan told reporters last Friday. His listed holding company LT Group Inc plans to recapitalize PNB, with the conglomerate possibly subscribing to the lender’s upcoming sale of shares.
PNB last February completed its merger with another Tan-owned bank, Allied Banking Corp. PNB’s net income attributable to the LT Group reached P1.7 billion in the first three months of the year. The lender doubled its net income to P3.7 billion in the first quarter from P1.8 billion in the same period last year after revenues rose by 22 percent year-on-year.
Local bankers turn more cautious as US Fed tips interest rates BANKERS have turned a little cautious about lending in the remaining months of the year amid expectations that interest rates would climb following hints from t he US Federa l Reser ve that it would wind down its economic stimulus sooner than later. On the sidelines of the annual Bangko Sentral ng Pilipinas (BSP) dinner for bankers last Friday, East West Bank president Antonio Moncupa said interest income would be stable but trading gains in the second quarter likely ended up lower than in the first three months of the year. He said lending growth would remain in double digits, as demand for housing loans remains. “The positive sentiment continues but the downside risk is the international [front] that affects our external
accounts; our currency gets affected,” Moncupa said, referring to the peso’s recent fall following comments from Fed chairman Ben Bernanke that the US central bank would soon wind down its stimulus amid signs the world’s biggest economy is on the mend That stimulus -- an $85 billion monthly purchase of US government debt -- has helped fuel stock market rallies around the world. Fed signals that the stimulus would end therefore have triggered selloffs in emerging markets like the Philippines, pusing down currencies like the peso. Fabian Dee, Metropolitan Bank and Trust Co president, agreed, saying the Fed ’s actions loom larger than recent concern over conglomerate debt. “All conglomerates are well diversified, their cash
f low comes from different sources,” he said, adding that Albert Villarosa, Security Bank president, said the bank’s core businesses are performing well despite the recent f inancial hiccups brou g ht a b out by Fe d chairman Ben Berananke’s statements. Villarosa however said loan growth would be halved to 15 percent this year from 30 percent last year. “The general business is underpinned by general confidence in the market,” he said, while adding that c omp e t it ion i s ge t t i ng tougher in the housing loans segment. Vi l l a ros a s a id ba n k performance would depend partly on whether President Benigno Aquino III could sustain economic growth and higher spending on infrastructure whi le cautious/PAGE 11
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Expect the best
T
THINK
hink a minute…A famous professor from Harvard A Minute University did a study in a By Jhan Tiafau Hurst primary school. At the beginning of the school year the teachers were given the names of 5 children. The teachers were told that these 5 were the best students in the class. But the fact was that these students were only average. Well, guess what? By the end of the year all 5 average students scored among the highest in the class. They even gained 15-30 I.Q. points! So what made those average students change so much to become top students? The only difference was the change in the teachers’ attitudes. Since the teachers believed that these 5 kids were the top students, they expected more from them and treated them with more respect. So these 5 average students began to believe and expect more from themselves, just by the way the teachers viewed and treated them. You know, if you expect the best from people, they’ll usually want to give you their best. A great leader said: “Treat a person just how he appears to be on the outside, and you’ll make him even worse. But treat a person like he’s already a success, and you’ll help make him the best he can be.” It reminds me of the true story of 7-year-old Johnny. His school teacher got so tired of him one day she said: “Johnny, you’re the naughtiest boy in this class! Besides that, you’re the dumbest!” The next year Johnny had a different teacher. After the first day of class, his new teacher met with him. She said: “Johnny, I’ve heard a lot about you!” hurst/PAGE 7
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only come up with legislation, akampi nothing more, nothing less. Mo A ng Batas And what is glaringly clear By Atty. Batas Mauricio is that, most of those who are in the Senate today have been there for as long as we can remember, and yet, the laws they have passed have not really pushed the Filipino poor to a better life. Maybe, what Drilon and his followers can concretely do is to renounce, give up, and waive, their P200 million pork barrel allocations every year which will amount to P4.8 billion annually, and ask that the amount be instead channeled to providing business opportunities for the farmers, the fisherfolk, the whitecollared employees, senior citizens, persons with disabilities, and even the jobless and the out of school children. If our senators do that, then, they can be viewed as real partners of President Aquino in his quest to eradicate poverty and desperation among our people. Anyway, we already have examples of senators who have not been receiving their pork barrel allocations, but who continue winning in elections anyway. Now, more than ever, our senators must walk their talk, as it were, in addressing the Batas/PAGE 7
Advanced directives: Should we or should we not
n one of the case conferences that I attended, I overheard a group of Clinical Clerks discussing one of their patients, who is terminally ill. The one in charge of this particular patient was preparing the clinical summary just in case her patient dies. A member of her team was teasing her, why so early a summary, just because her patient has a DO NOT RESUSCITATE ORDER? I was struck by her answer: I want to facilitate the release of my patient in order not to delay further the family. Whew! I salute this incoming member of the Medical Community. In our country, being a tightly knit family and all, with that embedded culture of BAHALA NA system, we oftentimes forget to prepare for the eventuality of our mortality. Most, if not all, would not even wish to discuss it, as if, to do so, is an invitation. But, we all will go that way. It is alright if we die of natural causes like old age, but, where, a chronic illness hits us or the Big C, that can make us candidates to become terminally ill, it is added knowledge to understand and know what a DNR ( Do Not Resuscitate ) or an Advanced Directive is. A DNR is just a type of an Advanced Directive, wherein the patient makes his/her wishes known to his/her family,
Crystaline pino ATTY. MARIO T. JUNI
Drilon, et. al., must use ‘pork’ for poor
IFE’S INSPIRATIONS: “… `The King will reply, ‘Truly I tell you, whatever you did for one of the least of these brothers and sisters of mine, you did for me’…” (Jesus Christ, our God and Savior, in Matthew 25:40, the Holy Bible). -ooo CONGRATULATIONS, SENATE PRESIDENT DRILON: As I said before, it’s all over but the formal announcement as to the choice of Sen. Franklin Drilon (Liberal Party, Iloilo) as the next Senate President, to replace outgoing Sen. Juan Ponce Enrile. Seventeen senators voted for him to become the new Senate President, while six voted for Enrile on July 22, 2013, as the 16th Congress opened. After his election, Drilon took his oath as the undisputed leader of the upper chamber of Congress, with a solemn, if impossible, promise: for the Senate under his leadership to craft laws that will address the day-to-day needs of the mass of Filipino people who continue to be mired in poverty. I say Drilon’s promise, with due respect, is going to be some kind of a “mission impossible” because, indeed, what can senators and the Senate as a whole do to uplift the continuing material deprivation of millions and millions of Filipinos who, according to official government records, remain poor even as President Aquino has been in power for the last three years? -ooo DRILON MUST PURSUE ABOLISHING `PORK’: The truth is that, Drilon and his colleagues can technically
I
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friends and the Medical Staff. I have been witness to patients I n Focus going into a Cardiac Arrest or, By Dr. Mary Jean Loreche patients who become comatose, or sometimes termed as basket cases, wherein life is being sustained by mechanical v e nt i l at or s , a n d t u bi n g everywhere. You can feel the pain and stress of the family and friends who watch a loved one in this condition. It would be worth it, though, if the patient will come off it, better. But studies have shown that survival rate once a patient undergoes resuscitation is in the 6-15%, in a hospital setting. This becomes worse for patients with chronic illnesses, and those with malignancies. To resuscitate or not, is actually a very difficult and touché issue , that we oftentimes shy away from discussing it. But, I believe that it is always good to understand the basics of an Advanced Directive or a DO NOT loreche/PAGE 7
HEALTH
Charter Change... Anyone???.
ther than the congressmen who now want to extend term limits? The handwriting is on the wall – not a week into the bill filed by no less the House speaker and already there are signs of opening the constitution to all sorts of changes. It is not necessarily about the economic provisions any longer but the self-serving political provisions to install with permanency our deserved congressmen. As for the seeming acceptable economic provision to allow foreigners to own land, this may be a hoax all considering. Rene Azurin (columnist Business World) clearly points out our neighbors who enjoy significantly higher FDI’s than our country likewise have restrictive provisions in their constitution to disallow foreign ownership of land and 100% ownership into specific industries. While I personally adhere to opening the industry of media and education just maybe there is reason in the seeming madness our constitutionalist in ’87 inserted these so called nationalistic provisions to restrict. Then again, do you remember ever ratifying the Cory constitution? If I remember correctly the revolutionary powers of the president by then was already over-subscribed. The past three administrations and possibly even Pnoy have tried to cha-cha to the beat but was not in sync with the people. Then again does any administration even follow the rhythm of the beat? Should the so called political will and the much publicized political capital of Pnoy prevail; can it actually push for a charter change against the will of the people?
The answer possibly is yes, considering they have already B randing achieved the impossible with By Harry Tambuatco the comelec (with the last election), the Supreme Court and the dis-regard of the constitution and getting away with it. This is what we call absolute authority in our democratic autocracy. An autocracy is a system of government in which a supreme power is concentrated in the hands of one person, whose decisions are subject to neither external legal restraints nor regularized mechanisms of popular control. Should the economic provisions cited be the real issue and culprit of the poor deliveries of FDI’s, I don’t see why or how the cha cha will resolve anything by opening the charter for mitigation. There are obvious reasons FDI’s are retardant; just look at our high cost of power, erratic political platforms ever six years, a very poor judiciary, corruption, need I go on? It seems we cannot even govern ourselves with discipline not being a virtue of the people. Sure we need to be optimistic and all the half glass full of water connotations but in the final analysis what we don’t have is redress… meaning a poor judicial system that takes tambuatco/PAGE 7
SUPER
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The Mindanao Rural Development Program (MRDP) of the Department of Agriculture (DA) continues to implement interventions that focus on poverty reduction to more farming communities in Region 10.
Engr. Deliza Camaro (right), MRDP-RI Focal Person heads the conduct of the Barangay Roads Operations and Maintenance Training with the barangay officials of Licoan, representatives from the municipal LGU, investors and other agri-stakeholders during the turn-over of the Ocasion-Licoan FMR in Sumilao, Bukidnon.
Under its rural infrastructure component, MRDP has recently turned over seven rehabilitated, upgraded and constructed farm-to-market roads (FMRs) in Lanao del Norte, Misamis Oriental and Bukidnon amounting to P 36,457,947.07. These include the upgrading of the 2.3 km.-Matampay Ilaya-Dumarawang Ilaya FMR and the 2.36 km-Raw-an FMR, the rehabilitation of the 2.39 km.-Tenazas-Pendulonan FMR and the construction of the 1.7 km.-Cabasagan-San Isidro-Upper-Magpatao FMR in Lala, Lanao del Norte; the upgrading of the 2.568 km.-Nabataan-Salagsag-Yungod FMR in Salay, Misamis Oriental; the upgrading of the 0.942 km.-Sumalag FMR in Kinoguitan, Misamis Oriental; and the rehabilitation of the 2.574 km.-Ocasion-Licoan FMR in Sumilao, Bukidnon. The infrastructure project is seen to cover 6,260.81 hectares of farm areas that produce agricultural commodities such as rice, corn, root crops, industrial crops, fruits and
vegetables grown by 3,569 farming households. Constancio C. Maghanoy, Jr., DA-10 Regional Technical Director encouraged the residents and investors within the farming communities to support the local government unit in their efforts for the proper operation and maintenance of the FMR. Thus, the MRDP also conducted a training on Barangay Roads Operations and Maintenance (BROM) among barangay officials, representatives from the municipal local government unit, investors, other agri-stakeholders and project beneficiaries which will serve as guide for them in ensuring that the road is well maintained. Meanwhile, 12 livelihood projects under the Community Fund for Agricultural Development (MRDP-CFAD) were also handed-over to the local government unit of Libona and to the farmers and people’s organizations in Sumilao, Bukidnon amounting to P4.5M. Five barangays in Libona, Bukidnon will benefit from
livelihood projects such as the establishment of four solar dryers with warehouse for corn and production of sweet corn, while eight people’s and farmers’ organizations in Sumilao, Bukidnon will benefit from livelihood projects on integrated high value vegetable production, agricultural livelihood development, high value vegetable production for protected area management, integrated rice and vegetable production and integrated livestock production. With better roads and income-generating projects, the DA-10 Regional Executive Director Lealyn A. Ramos is optimistic that these interventions will spur economic development in the community that will support the country’s target on food sufficiency this year and onwards. “As this better road network facilitates efficient transport of goods, the farmers are encouraged to produce more so they can contribute to the food sufficiency program of the government,” Ramos said. # (VANESSA MAE S. SIANO, DA-RAFID 10)
DA-10 Regional Technical Directors Engr. Roxana H. Hojas (left) and Constancio C. Maghanoy, Jr. (right), spearhead the turn-over of 12 livelihood projects under the MRDP-CFAD to five barangays in Libona, Bukidnon and eight farmer’s and people’s organizations in Sumilao Bukidnon, amounting to P4.5M. photo credits : eusabellina and vmssiano
Hurst... from page 6
Then she smiled and said to him: “But I don’t believe a word of it!” From t he beginning, Johnny’s new teacher treated him as if he was one of the sma r test , best behaved students. Well, you guessed it. After just a few months, Johnny became one of the top students in that class. Later on he was made a school prefect and leader! That’s the power of our love, belief, and encouraging attitude toward our children. You see, that’s how God loves and believes in you and the abilities He gave you. So won’t you ask Jesus Christ to take charge of your life today, and every day of your life? He’s the One Who will help you become your best.
He’ll also help you to love and expect the best from others. Just Think a Minute…
Batas... from page 6
needs of our people. -ooo USE `PORK’ FOR THE POOR: Indeed, if Drilon and the other lawmakers from the Senate will only be true to their Christian faith, then they will know that their God----who is the God of the Bible---has given specific instructions on concretely helping those who are in need. In James 4: 14-17, Christians are told to provide for their needy brethren, and not give them words of encouragement. These Biblical verses say: “What good is it, my brothers and sisters, if someone claims to have faith but has no deeds? Can such faith save
them? Suppose a brother or a sister is without clothes and daily food. If one of you says to them, `Go in peace; keep warm and well fed,’ but does nothing about their physical needs, what good is it? In the same way, faith by itself, if it is not accompanied by action, is dead.” In 1 John 3:17-18, it is also written: “If anyone has material possessions and sees a brother or sister in need but has no pity on them, how can the love of God be in that person? Dear children, let us not love with words or speech but with actions and in truth…” Drilon and his fellow senators who profess to be followers of the Christ should endeavor to put these verses into action in their lives as legislators. -ooo REACTIONS? Please call me at 09817 984 24 68, 0918 574 0193, 0922 833 43 96.
Email: batasmauricio@yahoo. directive, it also mentions com, mmauriciojr111@gmail. what should be or should not com. be done to the patient, should the patient go into cardiac or respiratory arrest. In both from page 6 instances, basic medical care RESUSCITATE. There must like the giving of oxygen is be a balance between quality not denied the patient. of life and quality of death. It i s i m p o r t a n t t o An Advanced Directive is discuss these matters with but a wish list, that a patient their Clinician, in order would want done or not done to appreciate the medical to him/her. It contains his/ condition of their patient, her desire as to the extent of what to expect and the medical attendance to his/her prognosis, in order for them needs like, being attached to arrive at an informed to a mechanical ventilator, decision. It eases the burden whether an endotracheal on the family in making intubation is preformed, that crucial decision with defibrillation done when regards the continuance or the heart stops, medications discontinuance of certain that will be given or withheld. treatment modalities for A DNR on one hand is their terminally ill patients. written as an order by the A maj or considerat ion Attending Doctor, as per would be, if the benefits instruction of the patient or far outweigh the burden, the family. This is written and if the intervention can improve the quality of living down in the chart. Just like an advanced of the patient. But more than
Loreche...
the unburdening the family, is the very thought, that the patient is spared from the unnecessary pain and suffering. For to die with dignity is as much of a right as well as a gift.
Tambuatco... from page 6
takes endless decades for any resolution. The last sur vey with the PNP taking the “most corrupt” award has to be wrong… it has to be the judiciary (but it need not be necessarily corrupted, just inefficient – but how can it be inefficient if not corrupted?.
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“We Grow Minds”
SWS survey showing Pinoys ‘not doing anything’ against climate change alarming: CCC
SEC. LUCILLE SERING
By Cheng Ordonez, newsCon Director CLIMATE Change Commission (CCC) has started to feel the weight of the entire country when a big percentage of the Filipinos appeared to have done nothing in their personal capacity in efforts to reduce climate risk/s, resulting from Climate Change in the past three years. This was reflected in the recent national survey conducted by the Social Weather Station (SWS) for the first quarter of 2013, involving 1,800 respondents from March 19 to 22 that showed 63 percent of Filipinos did nothing to reduce the risks brought about by climate change. Although the SWS survey showed 66 percent of Filipinos are aware of Climate Change, Secretary Lucille Sering, vice chair of CCC, said the 63 percent passive Filipinos is equivalent to 100 percent and both government and private entities that are into Climate Change programs and projects must double their efforts to reduce the number. She said if the Philippines is to do its part in the global effort, Filipinos need a lifestyle change fast to combat climate change, which affects third world countries, like the Philippines the most.
Of the sample size of 1800 respondents, 300 of these are from Metro Manila, 300 from Luzon (excluding Mega Manila), 300 from Visayas and 900 from Mindanao. Mindanao had an oversample of 600 respondents in the Autonomous Region in Muslim Mindanao. The SWS survey also showed poor understanding of how to combat Climate Change and that most of the respondents believed that the effects were confined to more sickness, Sec. Sering said. She pointed out that 24 percent of the respondents suggested the planting of trees to prepare for or mitigate the effects of climate change and 50 percent of respondents believed that there is an increase incidence of illnesses that climate change brings about. “Clearly, the understanding on climate change among Filipinos is shallow, judging from the responses made by the
respondents, and this worries us a lot,” Sec. Sering said during the weekly News Conference (NEWSCON) at the BusinessWeek Mindanao’s (BWM) Media Center on July 19, 2013, where she was the main guest. Sec. Sering said that while the Philippines did not contribute much on carbon emissions, it is on the rise, and the Philippines was one of the world’s most vulnerable countries to the effects of climate change. Sering pleaded to media to help the CCC reach out to as many Filipinos as they can and make them aware of what climate change truly is all about, even as she said that CCC will prepare for the holding of a Mindanao media forum on climate change to equip media practitioners of the current situations and approaches to combatting climate change. Sering also said the survey showed 38 percent of Filipinos knew little about what climate change was and what its causes are, adding 14 percent of Filipinos did not know what climate change was all about. Sec. Sering has encouraged Filipinos to start doing
something such as conserving electricity, especially so when coal-powered plants have become the alternative source of power in Mindanao due to the failure of hydro-plants to sustain the energy needs in Mindanao. GREENERATION Climate change, Sec. Sering said, is an urgent and serious threat confronting the world today and affecting most especially vulnerable sectors such as children and youth, who constitute nearly half of the world’s population. The sectors’ higher vulnerability to climate change is ascribed to their already tenuous conditions caused by social and economic challenges. In addition, it is their generation who is expected to endure the unprecedented consequences of climate change and environmental degradation if kept unabated. “For this reason, there is a need to empower children and youth in understanding climate change and its impacts, and appreciating their key roles in addressing the climate challenge. Their capability to influence
BWM Publisher Dante Sudaria bestowing Sec. Sering with a certificate of appreciation.
and shape policies and programs of the government should be recognized. However, in order to better equip the sector with climate change knowledge and skills, mentors and educators should also be involved and capacitated,” she said. In August, 2013, the CCC will provide a platform that will provided both youth and educators to promote awareness and empower them in advocating and initiating climate change adaptation and mitigation actions in their respective campuses and communities. Dubbed as “Greeneration”, CCC and key partners will integrate climate change in children and youth initiatives of student and communitybased organizations through a conference, specifically aimed at launching the Greeneration as a campaign. To kick off the movement, the following activities will be introduced: (1) Philippine Network of Youth Leaders for Climate Change Action, a national network of youth organizations for climate change actions shall be created to serve as the voice of children and youth in the development of climate change-related policies and programs of the government, and assisting arm of the Climate Change Commission in information dissemination; (2) call for youth-led climate change adaptation and mitigation initiatives, where participating schools and organizations shall also be challenged to develop and implement adaptation and mitigation initiatives, which will be featured in the Climate Change Consciousness Week on November 2013. TWIN PHOENIX Sering said the disastrous events the country experienced in recent years, such as those of
“Ondoy” and “Pepeng” in 2009 and “Pedring” and “Sendong” in 2011, showed how vulnerable the urban centers are to extreme weather events caused by climate change. “These areas should be given priority and a more focused intervention in terms of climate change adaptation (CCA) and disaster risk management (DRR) because of the heavy concentration of human population and economic activities,” Sering said. The AusAID supported and UNDP-assisted Project Climate Twin Phoenix, in partnership with the United Nations International Strategy for Disaster Reduction (UNISDR) and the Provincial Government of Albay will conduct a study visit, called Peer-To-Peer Experience, for about 36 mayors from the different local governments in Mindanao in the province of Albay in Bicol. Through this visit, participants are expected to develop an action plan to foster learning by doing, peer-to-peer support to affected communities in Cagayan De Oro and Iligan Cities. Participants are also expected to develop an action plan to support the building of resilience of other LGUs in Mindanao to prepare for future disasters. The project will also have support from “responsible partners” coming from the government, academe, and civil society. Working to keep the cities of Cagayan de Oro and Iligan safe from the adverse impacts of natural calamities, the CCC, in partnership with the United Nations Development Program (UNDP) and Australian Aid Agency (AusAID), formally launch Project Twin Phoenix in simple ceremonies in Cagayan newscon | page 10
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Embrace... from page 5
t i mes of cont ingencies. Viable strategies are also discussed on how to market microinsurance, and to better educate clients about the benefits of microinsurance. RBRFI has also developed an extensive Microinsurance D e v e l o p m e n t To o l k i t , otherwise known as Ladders, that contains resources to help member-rural banks in developing and improving t heir microinsurance program from the “learning microinsurance” to further “s t r e n g t h e n i n g ” t h e i r business. It also includes the Microinsurance Literacy Toolkit, which is a set of customizable materials that are available in English and Filipino that member-rural banks can use to maximize their potential for success in providing microinsurance
value to their clients. Best industry practices around the globe are also shared during these seminars, which include the use of technologies to expand access to microinsurance. The use of appropriate technology is very crucial not only in reaching out to the potential markets in far-flung areas, but also in bringing down the administrative costs for rural banks. One such technolog y t hat is commonly utilized is mobile banking. As of May 2013, under the microinsurance initiative of RBRDFI, a total of 207 rural banks and 460 staff a nd of f icers have been trained in the two-day Basic Microinsurance Training course. In add it ion, 80 r u r a l ba n k s have been assisted in different stages of obtaining license from the Insurance Commission
(IC) and accreditation from the BSP. Thirty-nine rural banks have already been i s s u e d m ic roi n s u r a nc e agent licenses by the IC, and 32 rural banks have been authorized by the BSP to apply for a microinsurance agent license. The government is now in the middle of a huge financial literacy campaign to promote microinsurance among the poor. Foreign analysts have already cited the Philippines as one of the best enabling environments to support microinsurance in the world with good collaboration between government agencies and the private sector. Rural banks are a good reason for this. With more than 2,700 branches and other banking offices and more than six million clients and another 10 million household members, the rural banking industry is one of the best distribution points for microinsurance in the country. (MT)
Stable...
from page 5 are seen running relatively t ig ht f isc a l pol icies , or continuing with gradual fiscal consolidation, noting that it do not see any cases of material fiscal deterioration this year. “I n t he Ph i l ippi ne s , although the government frontloaded fiscal outlays earlier in the year to avoid disrupt ions related to a ban on spending ahead of midterm elections in May, its deficit remains relatively narrow, given the continued improvement in revenue performance,” it stated. T he cou nt r y ’s f i s c a l deficit as of May reached P13.16 4 b i l l i o n , w h i l e cumu lative def icit f rom Januar y to May reached P42.839 billion. However, Moody’s added that the region’s expected a v e r a g e d e b t- t o - g r o s s domestic product (GDP) ratio moves up only slightly, to an average 49 percent for 2011 to 2014 from 47 percent during the precrisis period. “O v e r a l l , I n d o n e s i a and the Philippines have featured t he biggest improvements in terms of their percentile ranking. Hig h economic g row t h, narrow fiscal deficits and exchange rate appreciation have combi ne d to le ad to debt consolidation in both countries and have contributed to the upward trajectory in their ratings,” it said. Philippine debt-to-GDP ratio in the first quarter of 2013 eased to 48.9 percent. (MT)
Forex... from page 5
BPO services and investments shou ld i n t u rn prov ide fundamenta l support to the peso. “We will remain watchful of external developments and will review our projections in the course of time, and revise if needed,” he said. (Interaksyon.com)
Newscon... from page 8
de Oro (CDO) city recently. The project was conceptualized immediately after tropical storm Sendong sent torrents of rain water that made the rivers of CDO and Mandulog in Iligan to overflow its banks and caused flood that damaged properties and infrastructure and claimed the lives of hundreds of people. S ec. S ering said the proj e c t ai ms to ass e ss the vulnerabilities of the cities of CDO and Iligan and t he municip a lit ies surrounding the CDO and Mandulog river basins to geological, meteorological and meteorologically-induced hazards due to climate change. “ T h e re s u lt s of t h e assessment will provide the basis for priority mitigation actions like community-based and managed early warning systems and integrated contingency planning and mobilization,” Sering added. She said that initially, the Commission will hold a training of trainers on disaster risk reduction and climate change adaptation (DRR/ CCA) for local partners and stakeholders. The goal is to give the participants basic knowledge on DRR/CCA and enable them to incorporate these concepts into local land-use and development planning. “But the ultimate goal is to increase the resilience of vulnerable communities by supporting the development of climate-resilient livelihoods and implementation of a risk-sharing scheme or risktransfer models,” she said. “We see the occurrence of extreme weather events in the future as a result of a rapidly changing climate. We should prepare our communities against these events by mainstreaming DRR/CCA into relevant planning and decision-making processes from the national to the city/ municipality levels.” The project is being undertaken in partnership with the government of Australia through AusAID and UNDP. The UNDP is committed to assist the Philippine government in mainstreaming disaster risk reduction and climate change adaptation into national and local planning and regulatory processes. The Regional Development C ou n c i l of R e g i on 1 0 (RDC-X) has endorsed the project “Enabling the Cities of Cagayan de Oro and Iligan to Cope with Climate Change,” for possible funding under the United Nation Development Program (UNDP). CCC is the sole p olic y-making b o dy of the government tasked to coordinate, monitor and evaluate action plans of the government related to climate change. It is attached to the Office of the President and an independent and autonomous agency with the same status as that of a national government. It is
also the lead policy-making body of the government tasked to coordinate, monitor and evaluate the programs and action plans of the government relating to climate change. It has formulated the National Framework Strateg y on Climate Change (NFSCC), National Climate Change Ac t i on Pl an ( NC C A P ) and guidelines for Local Climate Change Action Plan (LCCAP). (With a report from PIA)
CCPI... from page 2
straight in his ideals that’s why we’re inspired to work,” Yulo said. But he sa id t hat t he economic achievements of the administration is still lacking, calling to the President that the government should intensify building infrastructure and further establish manufacturing. “ I t h i n k t h a t ’s n o t enough. We have to go to manufacturing, to the industry, and I think that will create more jobs because unemploy ment is still a problem . . . [But] there’s still something wrong in the way we’re implementing t he industria l t hrust in manufacturing,” Yulo said. “Our infrastructure is very bad. Roads, airports, seaports . . . if we build these then business will come in. We don’t have industries. We a lt h c ome s f rom manufacturing of products and rendering of services. That is what we need to expand: To be able to make things,” he said. Yulo also suggested that the country itself shou ld slowly but further invest in our own projects than borrowing money from several international banks, citing China being a manufacturing powerhouse despite not b or row i n g f rom ot he r nations for their industries’ production or development of infrastructure. (MT)
FMIC... from page 2
f rom oversea s Fi l ipi no workers (OFW) is also seen to remain resilient at 4 percent to 5 percent for the year. As of Apr i l, OF W remittances rose 7 percent year-on-year to reach $2 billion, while cumulative remittances for the first four months of the year was recorded at $7.7 billion. “Demand for Filipino workers will be sustained, wh ich w i l l cont i nue to st i mu late a nd intensif y domestic consumption,” FMIC said.
On t he ot her ha nd , University of Asia and the Paicific economist Dr. Victor Abola said that despite the positive out look on t he economy, there are still internal threats that could hamper growth. He said that among the threats were peso appreciation, lower job creation, lower tax collection and power shortage especially in Mindanao. But Abola said that there is no anticipated asset bubble this year, because people are slowly becoming less aggressive in the market. Justino Ocampo, FMIC senior vice president, on the other hand, said that in terms of sectors, consumer and retailing segments remain the growth sectors, citing that retail industry hit P1.42 trillion in 2012. O c a mp o adde d t hat infrastructure is a lso starting to improve, with the government exerting more effort to boost the sector. “The government pumped investments in this sector [infrastructure], particularly in road, hospitals, irrigation system and we expect that to continue for the rest of the year,” he said. For the equity market, O c a mp o s a id t h at t he fundamentals remain the same. “Equity market is still he a lt hy. We s t i l l h ave transactions in this market, timing is the only key,” he said. B ede L ovel l G ome z , deputy group head of FMIC Investment Advisory, said that the outlook for the equities market remains bullish, despite a bloodbath in the last two weeks. The Philippine Stock Exchange index, according to Gomez, will still hit 7,200 points at the end of the year with earnings growth of 20 percent and price-earnings ratio projected at 18.7 times. Overall, FMIC reported that there will be further g row t h oppor t u nit ies i n m a nu f a c t u r i n g a nd infrastructure, particularly in power and energy, PPP program. There will also be growth opportunities in tourism, especially gaming. (MT)
Expo... from page 2
A EC env isages t he following key characteristics: 1) a si ng le ma rket a nd production base, 2) a highly competitive economic region, 3) a region of equitable economic development, and 4) a region fully integrated into the global economy. (PNA)
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Crisis... from page 1
During his State of the Nation Address (SONA), the President said among the long and short-term solutions include construction of more power plants, particularly renewable energy (RE) projects in the Philippines, acquisition of modular gensets for power coops, the Interruptible Load Program (ILP), and the Interim Mindanao Electric Market (IMEM). “I believe in R E and I support this but we have to make sure that we have the needed baseload,” he said. Aquino said the country has lots of potentials like wind and hydro projects. He cited t he need for the construction of more energy plants as the economy continues to grow. He, on the other hand, warned that energy projects need not mushroom without the necessary requirements put in place. Thus, he denounced people who continuously question the government’s decision on ensuring that there is enough capacity all over the country. “Will our critics continue to criticize us if they are busy ma k i ng t hemselves comfortable amid the hot weather? Let us all be part of the solution,” he added. The government has a 50 megawatt (MW) quota for solar energy plants, 200 MW for wind, 250MW for biomass and 250MW for mini-hydro. The Department of Energy (DOE) has established the feed-in-tariff (FIT) incentives to be given to RE proponents that will finish their power plants ahead of the rest or based on a “first come, first serve” basis. Granting of FIT is stated under the Renewable Energy Act of 2008 to encourage proponents to put up more RE projects. Under the law, RE providers will be given a definite amount of time to charge fees directly to consumers. Also recently, President Aquino issued Executive Order 137 mandating the i mplementat ion of t he Mindanao modular gensets program to firm up and fast track the process of assisting electric coops through the Association of Mindanao Rural Electric Cooperatives (AMRECO) and generating d i rely needed c apacit ies either via rental or acquisition option. “ T h is latest d i rec t ive manifests strong commitment of President Aquino to resolve the Mindanao power situation, particularly in addressing the current supply shortfall until new power plants are on stream by 2015,” MinDA’s director for Investment Promotion and Public Affairs Romeo Montenegro has said in a statement. Aqu i no decr ied t he belittling of the program for the acquisition of generation sets. The Energy Department has a program wherein it will tap the government’s share in the Malampaya gas project in Palawan to extend loans to power cooperatives for the acquisition of generation sets. As of last May, three electric
cooperatives in Mindanao have approved their respective resolutions that will enable them to tap the P4.4 billion set aside by the government to fund the acquisition of generation sets. These cooperatives are the Davao del Sur Electric Cooperative (DASURECO), Davao del Norte Electric Cooperat ive (DA NECO), and Davao Oriental Electric Cooperative (DORECO). The loans for the acquisition of modular generation sets will be administered through the National Electrification Administration (NEA). DOE wants to receive the resolutions within the year to address the power situation particularly in Mindanao, which will only have new capacity by 2015. Mindanao currently has capacity deficiency due to lack of power plants. It has been experiencing rotational brownouts of up to eight hours daily especially during the summer months because of this. Aside from the acquisition of generation sets, the other solutions to the Mindanao power crisis is the Interruptible Load Program (ILP), wherein private companies that have power generators need not tap electric distribution utilities (DUs) for t heir need but instead use their own facilities. Another solution is the Interim Mindanao Electric Market (IMEM), wherein big entities that own generators can be tapped to provide electricity to power cooperatives. This program is targeted to start by September 2013. In turn, they will be paid by the DUs based on the fuel and oil used in running the generators and on the depreciation of the equipment. Aquino said the government bids to ensure electrification of more villages in the country on top of the 8,581 that already benefited from this program in the first three years of the current administration. Inclusive growth In his fourth SONA which lasted for 1 hour and 40 minutes and interrupted by applause 89 times, President Aquino vowed to push for inclusive growth in the second half of his 6-year term by expanding the Conditional Cash Transfer (CCT) program, pursuing good governance, a nd i mplement i ng ot her initiatives for the poor. Aquino vowed to build more classrooms as well as expand the CCT program to benefit high school students. Aquino sa id t he CCT program has benefited scores of poor families, from 700,000 in 2010 to 4 million in 2013. He said the program will be expanded to include children 15-18 years of age by 2014 after a Philippine Institute of Development Studies research showed t hat high school graduates will have higher paying jobs than elementary school graduates. Aquino said Tesda-DOLE now has 503,521 scholars, of whom 60% have jobs. The President also praised t he decrease in prices of textbooks--from 58 pesos each to 30 pesos--after Secretary Armin Luistro took over the Department of Education. He said the savings per
textbook multiplied by 27 million equals P2.8 billion, which would now be used to build more classrooms. He also thanked the people for voting 9 of his allies in the May 13 senatorial elections. —with PNA
Reelected... from page 1
His re-election bolsters the influence of the administration party’s role in the passage of bills backed by President Benigno Aquino III. In his acceptance speech, Belmonte said: “I pledge to honor your trust with a voice that respects all voices in this chamber.” Meanwhile, Drilon of the Liberal Party was elected Senate President after getting 17 votes. It is the fourth time that he will lead the Senate. Sen. Ra lph Recto was elected Senate President Pro Tempore while Sen. Alan Peter Cayetano was named Senate majority leader and chairman of committee on rules. Presidential spokesman Edwin Lacierda congratulated Drilon for his election. “We welcome the election of Sen. Franklin Drilon as Senate President. We are confident that he will be our partner in pursuing the reforms under the Aquino Administration,” he said in a statement.
Apple...
from page 3 intruder attempted to secure personal information of our registered developers from our developer website,” Apple said in a statement. Although sensitive information was encrypted, “we have not been able to rule out the possibility that some developers’ names, mailing addresses, and/or email addresses may have been accessed.”
Nestlé... from page 3
demonstration center for new varieties and an organic fertilizer composting facility. The LICC is set to eventually increase its planting capacity to one million seedlings. Nestlé is one of the largest buyers of produce from local farmers, procuring coffee from them at world market prices and paying within eight hours of delivery. Nescafé in the Philippines is manufactured in Cagayan de Oro.
Imports...
from page 4 grappling with the issue of the critical level of deforestation in Southeast Asia. It was presented to the s e v e nt h S E R E u r o p e a n Conference on Restoration Ecolog y held in Avignon, France, in 2010. Yonariza [Indonesians commonly use single names] s a id T h a i l a n d i mp o s e d a logging ban in 1989 yet, revoking the timber licenses of 258 concessionaires. Thailand was the first Southeast Asian nation to impose such a ban. On the other hand, the Philippines had its own retail version of a logging ban that included 20 policy issuances and moratoria in various towns, provinces and regions from 1970 to 2000. Thailand’s forest areas declined from 23.096 million
hectares in 1970—or 45 percent of the total land area—to only 28.9 percent in 2002. Similarly, the Philippines lost 15 million hectares since the 1950s, leaving only a million hectares of primary forest. Yonariza and Singzon found out that a system of subsidies for Thai farmers e n a b l e d t h e m t o p l a nt more small trees, while in the Philippines the small farmers opened new areas for planting exotic species like mahogany and gmelina but never converted their cropland into tree plantations. Thailand has effectively refore sted 1,9 0 4 ,0 87 r a i (equivalent to 1,600 square meters) of private land through the efforts of 100,000 small fa r mers who were g iven subsidies by the government. In the Philippines, said t he aut hors, “t here is no com merc ia l t i mb er t re e planting. The general policy since 1987 has been aimed at providing incentives for landowners to engage in tree planting as part of the National Greening Program.” Small farmers, however, were encouraged to plant trees in degraded forestland and four programs were launched to grow trees and somehow support the needs of the woodprocessing industry. Through the Socialized Industrial Forest Management Agreement, the government tried to increase the supply of wood and other forest products and provided farmers with free seedlings, like in Thailand. The study covered four areas in Chiang Mai province that borders with Myanmar. The areas covered in the Philippines were Samar and Ley te in Eastern Visayas, and Misamis Oriental and Bu k id non i n Nor t hern Mindanao. By 2000, said Yonariza and Singzon, 70 percent of the Philippines’s 77 provinces were covered by logg ing bans or moratoria, with the Department of Environment a n d Na t u r a l R e s o u rc e s canceling, suspending or not renewing timber licenses or logging concessions. In bot h cou nt ries, landslides, floods and deaths t r a c e d t o d e fore s t at ion compelled their governments to impose the logging bans. “A n i m med iate ef fec t of the logging ban was the rad ica l reduc t ion of t he domestic timber supply in both countries. In Thailand the timber shortage prompted the government to import timber from Myanmar, Laos, Cambodia and Malaysia. In 1997 a study reported that the volume of wood imports was more than 1 million cubic meters per year in the last 20 years,” Yonariza and Singzon said. Rather than lose more precious foreign exchange, Thailand, the authors said, “pushed small-tree use and promoted the efficient use of small trees in private forest plantations to reduce log imports costing billions of Thai baht a year.” In the Philippines almost $1 billion was spent in 1997 alone to import forest products, a huge drain on the country’s foreign-exchange reserves. Citing a 2006 paper by L.A.
Bugayong on the effectiveness of the ban as presented in a Berl i n conference, t he authors said “in the end, it is the forestry industry and the forest-dependent communities, as well as the buying public that took the brunt of the decreased supply and increased prices of forest products from the local natural forests.” They added: “The timber and wood-processing industries suffered greatly from the logging ban and the number of wood-processing companies declined.” (BM)
Funding...
from page 4 Support for Environment a n d Na t u r a l R e s o u rc e s Management Project, Strengthening Coordination for Effective Environmental Ma nagement, Forest la nd Management Project and Partnership for Biodiversity Conservation. Other projects implemented by the DENR include Mainstreaming in Local Agricultural Landscape, GEF-Manila Third Sewerage Project, Sector Plan to Phase Out HCFC141b in the Foam sector, and MDGF 1656: Joint Program on Strengthening the Philippine Institutional Capacity to Adapt to Climate Change. The list of green ODA implemented by the DENR includes projects li ke protection and rehabilitation of coastal ecosystems for improved adaptation to climate change as a contribution t o t h e C o r a l Tr i a n g l e Initiative, Climate Related Modernization of Forest Policy and REDD Piloting in the Philippines, and Forest and Climate Protection in Panay. T he DENR is a lso implementing projects like the Integrated Sustainable Wood Pellet Manufacturing and Industrial Tree Plantation establishment Project in the Philippines, Philippine Solid Waste Management Sector Project-PPTA, UN-R EDD Plu s - S u p p or t i n g I n it i a l R e a d i ne s s P ro c e s s , a nd Capacity Development TA for Decentralized Framework for Sustainable Natural Resources and Rura l Infrastructure Development. Other goals that obtained a substantial amount of ODA was Goal 1 or Eradicating Extreme Poverty. The ODA extended to attaining this goal amounted to P61.64 billion or 29 percent of the total. The goal which received the least ODA was the MDG on Promoting Gender Equality and Empowering Women which only got P30.56 million or 14.35 percent of the total. (BM)
Pursues...
from page 4 to ensure transparency and accountability.” Mea nwh i le, C a lderon s a id t he DEN R a nd t he Development Bank of the Philippines (DBP) signed a cooperation agreement on tree plantation financing program. Under t he agreement, the DBP will f inance the tree plantation in public and private land at least 500 hectares with valid DENR tenurial instrument. “The tenurial instruments
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being issued by the DENR like IFMA, SIFMA, CBFMA may now be used as collateral in securing loan for tree plantation from DBP,” he said. These refer to integrated, socia lized industria l and com mu n it y-ba sed fore st management agreements. (PHILEXPORT News and Features)
System...
from page 4 Undersecretary Loreta G. Ayson. “It is also very timely in the light of current construction boom in our country which is expected to last at least a few more years and the global trend of energy efficient and environment-friendly building designs.” In the efficient lighting certification under PEEP-EBI, the recognized government buildings has the potential energ y s av i ngs of 1, 3 47 megawatt – hour, which is equivalent to monetary savings of PhP7.3 million annually. The goal of the PEEP is to reduce electricity consumption by 243 megawatts, which is equivalent to the emission avoidance of 172,000 tons of carbon dioxide and monetary savings of PhP3.2 billion annually. A side f rom l i g ht i ng , BER DE considers energ y ef f icienc y in a l l aspects, including air, water, and waste in buildings to create a healthy environment for users and improve the quality of life. The PEEP-EBI is a project of t he DOE t hat aims to show the societal benefits of implementing a series of energ y efficiency projects in different sectors. It was put in place to accelerate the implementation of a green building rating system by streamlining existing green building initiatives in the property sector. For this subcomponent, t he DoE recog n i z e s t he BERDE-GBRS developed by the Philippine Green Building Council (PHILGBC) as the National Voluntary Green Building Rating System. The government hopes to follow through on the certification of other buildings and set an example to other sectors when it comes to energy efficiency and greenhouse gas emission reduction in buildings. (Eco-Business/ EnviroNews)
Cautious...
from page 5 continuing his campaign on good governa nce a nd transparency. Jose Teodoro Limcaoco, BPI Family Bank president, said the Philippine economy is expected to remain strong for the rest of the year, propping up consumer lending. Howe ver, ba n k s have turned conservative following the recent financial market selloff as more expect interest rates to climb, he said. Limcaoco said BPI Family’s first-half profit remains above its 12-15 percent grow t h target, but refused to provide figures. “As long as the consumer interest is quite strong and we’re prudent in lending, then we see good growth this year in the thrift bank sector,” he said.
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Electroweld Manufacturing Corporation presents products to Metalite Builders & Development Company, Inc. by Remee Monique O. Espiritu, Staff Writer
A leading manufacturer of welding rods, Electroweld Manufacturing Corporation coordinates with Derrick Du Trading and Metalite Builders Development Company, Inc. located at Baloy in a seminar and demonstration regarding Electroweld’s products: a variety of welding rods and a Solar-branded inverter or welding machine July 20, 2013. Der r ick Du Trad i ng is ow ned a nd ma naged by Mr. Derrick Du and is the sole distributor of Electroweld’s products in the entire Mindanao region, whereas Metalite Builders Development Company Inc. is under the presidency/ general management of Mr. Arnel FG. Dumalaog, PME. A product analyst from Manila where Electroweld’s main office is located, Mr. Jojo Catabona, came to Cagayan de Oro for the purpose of showing clients the efficiency of the inverter and the proper application of such and the welding rods. Electroweld has already been in business for 30 years. Catabona explains in the seminar how a company ca n save up to 60% i n regards to electricity bills upon switching from the c onvent ion a l a lter n ate current welding machines that require transformers, to the inverter which uses direct current like any other electrical appliances. But he assures that just because it uses electricity, it doesn’t mean that the power is less compared to the conventional welding machine as it’s in fact up to par or better than such. Not only that but it’s comparably smaller and very
portable, as a strap is attached to it for the user to be able to carry it around. For the welding rods Electroweld has the Mild Steel Electroweld 6011, Mild Steel Electroweld 6013/6012, and Low Hydrogen High Tensile Electrocito 7018. Proper usage of these is in their numbers, as the first two is according to tensile strength or its power, the 3rd is the welding position where 1 means all-position (various angles), and last is the type of coating and its current. Catabona says that there is no such thing as special or ordinary welding rods, as it’s the number and details located at the welding rod’s packaging that determines its power and what kind of steel it could be used on. Thus, it’s of utmost importance to always read the instructions that come along with its package. The seminar was attended by the company’s foremen, super v isors , a nd ot her concerned high officials in said company.
Jojo Catabona as he discusses to Metalite staff about the welding rods. The staff includes Foremen Menardo Soriano, Tito Calvadora, Raffy Evangelista, Lutsito Baguio, Supervisors Dante Santos and Himocam Ong, Office Engr. Annalyn Quipanez, CAD Operator N. Capagngan and Jorge Agua, Safety Officer Domniel Eduave, FAB Head S.K.A. Ariñas, HR Manager Jerome Geroy, Operation Manager Dominador Lanoso and welder Rufo Desidas.
MissCdeO 2013 Candidates Profiles Electroweld’s welding rods and their designated numbers and important package instructions.
For interested buyers from Mindanao, Mr. Derrick Du can be contacted through the numbers 09163634123 and/or 09228634123.
The demonstration done by Metalite workers for them to try out how the inverter and welding rods work.
Reigning Miss CdeO, Ms. Geanne Trisha Mendoza with Ms. Gean T. Cesar at the lobby of Tune Hotel Cagayan de Oro City during the soft opening, July 19. Photo by Mike Baños
KRISTIA JOLINA B. ALDE
GRACE GIFT T. CHUA
CYD MARIE A. SIMENE
RONA CRISTY T. FLORES
“Being Ms. Cagayan de Oro 2013 is not just about prestige in fame.” says Kristia in her Candidate Profile, a girl from Barangay Patag and in her 3rd year in BS Civil Engineering in Ateneo de Cagayan. She’s a girl who is believes being a civil engineer makes people’s lives easier and is more than just about building houses but rather building homes. She’s also not afraid to get her hands dirty. She has her passion that has and still is motivating her for the Ms. CDO crown.
The type of girl who follows her dreams to make it into a reality, Grace is from Barangay Balulang and graduated Bachelor of Science in Nursing at Ateneo de Cagayan at 2011 but she did not stop there as she’s continuing with Masters in Nursing major in MedicalSurgical Nursing at Liceo de Cagayan. She wants to make a difference among the youth and be a catalyst for positive change, she’s big on developmental programs for the marginalized and on being the voice for the indigent’s pleas.
A girl full of dreams, one of them being a beauty queen that has motivated her into joining Ms. CDO. CYd comes from Barangay Bugo and is in her 3rd year of BS Hotel & Restaurant Institutional Management at Liceo de Cagayan. If ever the crown goes to her she will join or even initiate projects for the benefit of CDO like community reachouts, environmental projects, and waste management in order to educate the people of Cagayan de Oro City.
Coming from Barangay Nazareth and a 2nd year in BS Education Major in English at COC-Phinma Education Network, Rona sees Ms. CDO as a good venue for her to raise her self-confidence and improve her talents and skills. Looking up to former President Cory Aquino as her role model, she says she is like a trailblazer as she is very decisive and always plans ahead, and always having a plan B when things go wrong.
Tune Hotel staff with Manager Sansehry Binay-an delos Santos (seated center) at the lobby of Tune Hotel Cagayan de Oro City during the soft opening, July 19. Photo by Mike Baños
Six of the 12 candidates of Miss CdeO 2013 strike a pose with Mr. Carlo C. Cruz, Director of Sales and Marketing - Philippines of Tune Hotels, at the lobby of Tune Hotel Cagayan de Oro City during the soft opening, July 19. Photo by Mike Baños