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Briefly New Price Act PRESIDENT Benigno S. Aquino III has signed into law a bill amending the Price Act to protect consumers against un d u e pr i c e hike d ur i ng calamities and emergency situations. The Chief Executive signed on September 6 the Republic Act 10623 or “An Act Amending Certain Provisions of Republic Act No. 7581, Entitled ‘An Act Providing Protection to Consumers by Stabilizing the Prices of Basic Necessities and Prime Commodities and by Prescribing Measures Against Undue Price Increases During Emergency Situations and Like Occasions’ and For Other Purposes.” The newly-signed Act, which originated in the House of Re pre se nt at i ve s, wa s finally passed by the House of Representatives and the Senate on June 5, 2013. The law expands the list of basic necessities under the law to ensure that more goods will be spared from price hike during calamities, emergencies and similar situation.
Water rate hike THE Cagayan de Oro Water District is planning to implement its approved rate adjustment before the year ends. This was revealed on September 12 by COWD Genereal Manager Rachel Beja during the meeting of the City Council committee on public utilities chaired by Councilor Roger Abaday. According to Beja, the water rate adjustment has been approved by the Local Water Utilities Administration (LWUA). The water district’s Board of Trustees and legal counsel have also opined that in view of the approval of the compromise agreement, COWD may now legally implement the adjustment.
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Mindanao bananas now in US markets M
By LOVELY MAE CASENAS, Staff Member
INDANAO-produced bananas finally made it to the US markets with the arrival last week of the maiden shipment of 7.047 metric tons of Cavendish variety at the Port of Long Beach near Los Angeles.
US EXPORT. Workers sort-out export-quality bananas. Philippine bananas finally made it to the US markets with the arrival of the maiden shipment in Los Angeles last week. The 7.047 metric tons of Cavendish variety from Bukidnon were shipped out from Mindanao Container Terminal in Tagoloan, Misamis Oriental. file photo by mindanews
“With this shipment, we are hopeful that Philippine bananas would be able to find and satisfy a niche in the competitive US banana market. We also hope that this is the beginning of increased access of Philippine bananas in North America,” Ambassador Jose L. Cuisia Jr. said. This development made the Philippines as the first Asian country to export bananas in the US. Part of an estimated 3,000 metric tons that the US hopes to import from the Philippines this year, the maiden shipment came almost eight
years after the Philippines first requested market access for its bananas, Agriculture attaché Josyline C. Javelosa said. “Philippine bananas are among the best in the world and there is opportunity to bring in the unique and special banana varieties like lakatan and latundan, which Filipinos in the US have long been craving for and which Americans can learn to love,” said Javelosa. The highland bananas, marketed in the US under the Sweetio brand and shipped by Dole Philippines to bananas/PAGE B11
Prices of canned goods Delayed bridge construction remain stable in Normin brings woes to B’non farmers
DE S PI T E t h e r e du c e d pro duc t ion by s a rd i ne factories in Zamboanga Pe n i n s u l a d u e t o t h e ongoing conflict, prices of canned goods in Northern Mindanao remained stable,
the Department of Trade and Industry (DTI) in the region said yesterday. DTI provincial director Maria Eliza Pabillore of Misamis Oriental said the goods/PAGE B11
Prices of canned-fish products remain stable.
By BUTCH D. ENERIO Correspondent
FARMERS and traders in Talakag, Bukidnon have to wait a little while before a major bridge linking the province to this city would be passable, and the flow of goods, normalize. This after Congresswoman M a r i a L ou rd e s Ac o s t a Alba of the 3rd District of Bukidnon was assured by the constructor of the Uguiaban Bridge t hat it wou ld be finished next month, three months behind schedule. Rep. Alba, who personally inspected the ongoing works last Sunday, said that her visit to the site was necessitated to bridge/PAGE B11
BRIDGE REPAIR. Damaged by Typhoon Pablo in December last year, the Uguiaban Bridge in Talakag, Bukidnon is undergoing repair with the help of the province 3rd district Rep. Maria Lourdes Acosta Alba. The bridge is vital to transport agricultural products by the farmers in the third district.
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Economy B Zambo’s out of supplies, business group appeals for food donations 2 Mindanao Daily NEWS
tuesday | september 17, 2013
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northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper
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Food, medicine, toiletries, and other basic needs are fast disappearing in parts of war-torn Zamboanga City as fighting between government troops and Moro National Liberation Front gunmen enters Day 5, engulfing the city in a dark pall of violence and isolation, forcing a business group to appeal for donations in kind to cover the basic needs of people after the normal supply lines and the course of commerce have been disrupted. While electricity continues to energize the cit y, helped by t he fact that factories such as one for c a n n i ng h ave s hut down since Monday, a ll commercial flights—except militar y aircraf ts—have been suspended by the Civil Aviation Authority of the Philippines (CAAP) until Sept. 21. “We appeal for support for ready to eat food stuffs, t o i l e t r i e s , m e d i c i n e ,”
Pedro Soliven, Zamboanga Cha mber of C om merce president, said in a text message to GM A News Online on Thursday. T he bu si ne s s g roup also appealed for “... the g o v e r n m e nt t o t a k e a decisive action, to end the five-day siege ASAP (as soon as possible),” he added. The city is “still volatile and standstill” and there are still no flights and shipping, Soliven noted.
A l re a d y i n pl a c e i s a re s olut ion on forc e d evacuation to minimize civilian casualties. “ T h e c i t y a p pr ov e d a re s olut ion on forc e d evacuation. Evacuation sites are schools, churches, and the city sports complex,” said Soliven. In a separate interview by phone la st Tue sd ay, Soliven noted only a few supermarkets opened for business a nd on ly for a couple of hours so t hat people shop for basic necessities. In a repor t on GM A News TV’s “News To Go” on Friday, stringer Jayvee Francisco said an official of the Zamboanga Chamber of Commerce described t he cit y as “pa ra ly zed,” particularly because almost appeals/PAGE B9
Recent BSP poll sighted up to 24.5% household savings increase Households’ sav ings increased at the start of the third quarter due to the decline in education ex penses , accord i ng to t he recent C onsu mer Expectations Survey (CES) conducted by the Bangko Sentral ng Pilipinas. According to the poll taken from July 1 to 12, 2013, the number of households with savings increased to 24.5 percent from 22.4 percent in the previous quarter. The percentage of households with savings increased across income groups. “The increase in t he number of savers could be attributed to the decline in expenses on education
during the survey period which comprised the bulk of consumers’ outlay in the previous quarter,” the BSP said. Respondents said that the money saved was for education, emergencies or a contingency fund, and hospitalization. By geographical locat ion, bot h in t he National Capital Region and provincial households had increased savings, with NCR registering a higher percentage of households with savings at 27 percent compared to 24.1 percent in AONCR. “Among respondents with savings, those with bank
deposit accounts increased to 65.4 percent from 63.5 percent in Q2 2013,” the BSP said. “While respondents that kept their savings at home and put their money in cooperatives, paluwagan and other credit/loan associations remained broadly steady at 22.7 percent and 11.9 percent, respectively.” Also, the percentage of respondents who expected to save money in Q3 2013 remained steady at 32.4 percent compared to the previous quarter’s survey. Among these respondents, 61.9 percent said that they could save about 10 percent of their income. increase/PAGE B9
President Benigno Aquino III visited wounded soldiers at Camp Navarro Hospital at the Western Mindanao Command headquarters on Friday, September 13. President Aquino flew to Zamboanga City to assess the situation on the standoff between government forces and MNLF gunmen. Also in photo are Defense Secretary Voltaire Gazmin and DSWD Secretary Corazon Soliman. photo by gil nartea/gma7
Extra benefits pushed for barangay execs ahead of Oct. 28 polls
Ba r a ngay of f ic ia l s a nd staff nationwide will be entitled to a wide range of benef its -- ample ta x privileges, comprehensive social security coverage, adequate health insurance and free legal services -once a bill filed by House Assistant Majority Leader Gerald Anthony Gullas Jr. is enacted into law. In the proposed Barangay Incentives Act, or House Bill 1336 introduced by Gullas, barangay captains, cou nci lors, secret a r ies, treasurers, tanods and other personnel shall enjoy the following incentives: Exemption from income ta xes w it h respect to
their salaries, honoraria, a l lowa nces a nd ot her emoluments t hey are to receive from government on account of their work; Freedom from capital gains and other taxes on the sale of real property, provided the proceeds are used to acquire a house and lot not exceeding 500 square meters for use as family dwelling by the official or employee; plus exemption from all taxes and fees on the registration of such estate; Fu l l memb ersh ip i n a nd t ot a l c ove r a ge by the Government Ser vice Insurance System, to include access to low-cost salary, educational, housing and
calamity loans, as well as disability, old-age pension and life insurance benefits; Reg u la r membership in and complete coverage by the Philippine Health Insurance Corporation, to include free hospitalization as well as outpatient services for their dependents; and Free lega l ser v ices from the Public Attorney’s Office, whenever they may be involved as parties in administrative or criminal cases filed in connection with the performance of their official duties; plus exemption from payment of docket and other court fees. benefits/PAGE B9
Water district to implement rate hike
CAGAYAN DE ORO CITY -- The Cagayan de Oro Water District is planning to implement its approved rate adjustment before the year ends. This was revealed on September 12 by COWD-Genereal Manager Rachel Beja during the meeting of the City Council committee on public utilities chaired by Councilor Roger Abaday. According to Beja, the water rate adjustment has been approved by the Local Water Utilities Administration (LWUA). The water district’s Board of Trustees and legal counsel have also opined that in view of the approval of the compromise agreement, COWD may now legally implement the adjustment. The approved 30-percent water rate adjustment will be implemented on a staggered basis starting on November 1 this year with a 10-percent adjustment. This brings the minimum charge from P168 for the first ten cubic meters to P184.80 for residential consumers and from P336 for the first ten cubic meters to P369.60 for commercial consumers. The succeeding adjustments of 10-percent will be carried out on February 1, 2014 and May 1, 2014. Beja said water rates adjustment is intended to fund service improvement and expansion projects including the non-revenue water (NRW) reduction program. The adjustment will also cover for the inflation of the cost of all consumables used in operations, which has increased since 2007 when COWD last implemented a rates adjustment. The committee referred this to the City Legal Office for comments and recommendation. It will be tackled again next meeting. (JBD/CdeOSP/PIA)
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CorporateWorld
Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper
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Editor : Neslon Constantino , e-mail- nelconstant@gmail.com
Petron Corp. to build AirAsia infuses $30.5-M for Zest Air $2.5-M plant in Subic PETRON Cor p., t he c o u n t r y ’s l a r g e s t o i l refiner, on Thursday said it would build and operate a $2.5 million-worth fuel blending plant in Subic , Zamba les by t he end of t his yea r, as pa r t of its ex pa nded pa r t nership w it h internat iona l f irm Innospec Inc. Innospec is an i nter nat iona l s p e c i a lt y chemicals company which currently supplies Petron and other oil firms with fuel additives. “The blending plant will serve as Innospec’s supply hub i n t he Asia-Paci f ic region, as it positions itself to tap t he fast g row i ng regional market and bring its products and services closer to Asian customers,” Petron said. T he cont r ac t , wh ich w i l l l a s t for ten ye a rs , g u a r a ntee s t hat Pet ron will be Innospec’s only fuel blender within the region. “Having an Asian supply hub will further strengthen our fuel additives business in the region by accelerating ou r re sp ons e t i me a nd en ha ncing our supply c a p a b i l i t y,” I n n o s p e c president and chief executive officer Paul W. Jennings said. “The market for f uel a d d it i ve s i n S out he a s t Asia is already huge, and
this strategic partnership with Petron could help us jointly open significant new markets such as China and India ,” he added. Aside from constructing and operating the blending plant, Petron said it would also provide Innospec help with technical services. “Petron will be providing technology support ser vices to Innospec and its customers in the region, including customer tech n ic a l prog ra ms ,” it said. Petron said the technical services will also include laboratory services, product development, field tests and consultancy services. In exchange for helping Innospec, the local compa ny s a id it wou ld be able to take advantage o f I n n o s p e c’s e x i s t i n g regional customer base. “Petron will also be able to tap the customer base of Innospec in the region to broaden the market for Pe t ron’s ow n lubr ic a nt brands. Innospec already ser ves a wide variet y of power plants, refiners and manufacturers throughout the region, many of which are also users of lubricants,” Petron said. Pe t ron ma rke t s it s lubricant brands locally, a nd in Ca mbodia a nd Indonesia.
THE Phi l ippi ne u nit of Sout heast Asia’s la rgest budget airline has infused f re s h mone y i nt o Z e s t Airways. In a text message, Air Asia Inc chief executive officer Marianne Hontiveros said the “$30.5 million has been advanced as working capital” for Zest Air. She however clarified that the advance “is not capital infusion.” The fresh work ing capital would prop up Zest Air, which recently incurred losses because of the fourday suspension imposed by the Civil Aviation Authority of the Philippines. Zest Air had said losses reached P70 million a day, or about P280 million during
the four-day suspension. The fresh money from AirAsia Philippines is on top of its investment in
Zest Air, a source said. E a r l i e r, A i r A s i a Philippines completed its acquisition of 49 percent of
the voting rights and an 85 percent economic interest in Zest Air. infuse/PAGE B9
Cebu Pacific cancels flight to Zambo till Saturday CEBU Paci f ic A i r on Monday cancelled 16 of its daily flights to and from Zamboanga City up to Sept. 21 due to the ongoing fight between the Moro National Liberation Front (MNLF) and government forces in the province. According to the Ninoy Aqu i no Inter nat iona l A i r por t (NA I A) Med ia Af fairs Div ision, t he Cebu Pacific daily f lights cancelled were 5J 851/852 Ma n i la-Z a mboa ngaMa ni la, 5J 855/856
Ma n i la-Z a mboa ngaMa ni la, 5J 859/860 Ma n i la-Z a mboa ngaManila, 5J 857/858 ManilaZ a mb oa nga-Ma n i la , 5J 433/434 Cebu-ZamboangaCebu, 5J 393/394 DavaoZ a m b o a n g a -D a v a o , 5 J 839/840 Zamboanga - TawiTawi – Zamboanga, and 5J 845/844 Cagayan de Oro Zamboanga - Cagayan de Oro. Cebu Pacific said that all passengers affected by these cancellations may avail any of the following options
-- rebooking of f lights for travel within 30 days from original departure date with no penalties, full travel fund or full refund. Affected passengers may also reroute their f lights to the nearest alternate station to Zamboanga. They may call (02)7020888 or (032)230-8888 for their preferred option, any time even after their flights. Cebu Pacific said it hopes for its guests’ understanding as this situation is beyond the airline’s control.
E a r l i e r, P h i l i p p i n e A i rl i ne s (PA L) a nd it s a f f i l i a t e PA L E x p r e s s cancelled their daily flights to and from Zamboanga City also up to Sept. 21. T h e C i v i l Av i a t i o n Authority of the Philippines (CAAP) has indefinitely cancelled all commercial f lights to a nd f rom Z a mb o a nga Cit y si nc e Monday last week after rogue MNLF members invaded at least six coastal barangays of Zamboanga City to declare an independent state. (PNA)
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4 Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper
Editor : Clifford Santillan , e-mail- santillan.clifford@yahoo.com
AgriBusiness
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PHL investors keep PNG tuna industry vibrant GENERAL SANTOS CITY -- Philippine companies are flexing their muscles in Papua New Guinea (PNG), operating the largest purse seine fishing fleet and biggest tuna canning factory in the Pacific island state. PNG Fisheries a nd Marine Minister Mao Z e m i n g a c k now le d ge d t he contribution of t he Philippines in the growth of his country’s tuna industry. “We a re indebted to the Philippine government and the pioneer Filipino compa nies a nd t heir ingenuity in investing and plying their capital and know-how in the six tuna f ish i ng a nd processi ng business in PNG,” he said in a statement issued at a forum here. L oca l tu na t ycoon Rodrigo Rivera, owner of RD Corp., pioneered the Philippine tuna investment foray in the island state by signing an agreement with the PNG government in 1995. After almost two decades, RD Corp.’s investments in PNG now include tu na fishing and cannery, can making, fish meal, shipyard/
drydock, cold storage, valueadded fresh seafood products, wha r f a nd stevedoring, construction and real estate. Cu r re nt l y, PNG i s re v ie w i ng t he s t at e agreement with RD Corp. that will expire in 2015, with Zeming assuring his government intends to extend the agreement. Aside from Mr. Rivera’s venture, the foreign official also cited Francisco T. Laurel Sr.’s Frabelle Corp, one of the other major Philippine companies operating in PNG, for the growth of its tuna industry. Frabel le sig ned a n agreement with the PNG government in March 2006 that is under review to thresh out “inhibiting factors” to the company’s operation. “Two separate committees have been established… to assist Frabelle address specific areas of concern such
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as water, power, port charges, customs, work permit and visa for its foreign workers,” Zeming said. Last June, Frabelle, in a joint venture with Century Canning Corp., another Philippine company, and Thailand’s Thai Union Corp., opened Majestic Seafoods. PNG Prime Minister Peter O’Neill said Majestic Seafoods is the largest tuna cannery in PNG and the South Pacific region so far. Also in June, Zeming said that Philippine investors launched the groundbreaking of the Mambawan Seafoods, which will be engaged in tuna processing, next door to the tuna/PAGE B9
WB to assess DA’s antipoverty program in Mindanao PNoy asked to stop The World Bank (WB) is set conduct a weeklong review of the antipoverty program in Mindanao implemented under the Department of Agriculture. WB will look into the DA’s M i n d a n a o R u r a l D e ve lopme nt P ro g r a m (MRDP) starting yesterday. Now nearing its completion, MR DP is a five-year poverty-alleviation initiative geared toward uplifting lives of poor rural communities by providing economic opportunities and reinforcing local government
units’ (LGUs) mandate of devolved delivery of services. “This is the 10th review mission of the Bank since we started in 2007. This is conducted semi-annually to repor t ou r prog ress and see how we fare in the implementation based in our targets, and further look into means to improve and fast-track completion of the subprojects,” said program director Lealyn A. Ramos For this review period, the program will banner its disbursement rate of 70.19% equivalent to US$58.785
million of the US$83.752 loan from the World Bank. “We are glad to that we hit the mark of our targets. By t h is re v iew per iod , ou r d i s bu r s ement r at e based on out timeline of implementation was pegged at 70% but we surpassed it a little bit,” Ramos said. Among the major accomplishments to date, the Rural Infrastructure (RI) has spent P1.879 billion for various agricu ltura l infrastructures to address t he cha llenges of farm DA/PAGE B9
illegal black sand mining in Cagayan
A g roup of c onc er ne d citizens on Monday asked President Benigno Aquino III to personally put a stop to a l leged i ncident s of illegal black sand mining in Cagayan. The Federation of Environmental Advocates of C agaya n (FE AC) on Monday presented a petition to Presidential Legislative Liaison Office head Manuel Mamba asking Aquino to disallow the extraction of black sand along Cagayan’s coastlines, which is reportedly hurting fisherfolk and the environment. The petition, which has reached 23,000 signatures, is the result of a campaign by the Church-based FEAC. Mamba, a member of t he Mining Industr y Coord inat ing Cou nci l (M IC C), s a id t he y a re pre pa r i ng a re s olut ion recommending that Aquino issue an order prohibiting all types of black sand mining in the province. He said they expect to come out with the resolution by September 19. The MICC is under the Office of the President. “[Ito ay] para mapagaralan yung lahat ng nangyari mining/PAGE B9
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RealEstate
Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper
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AboitizLand eyes Midas Hotel luring foreigners in gambling junket deal industrial estates PROPERTY DEVELOPER Aboitiz Land, Inc. (AboitizLand) is eyeing more opportunities in industrial estates as it finalizes this month the acquisition of a property in Batangas, a top official of the parent conglomerate said late Thursday. “We are finalizing the purchase of Lima Land of the Alcantara Group,” Erramon I. Aboitiz, president and chief executive officer of Aboitiz Equity Ventures, told reporters on the sidelines of a media party organized by the Aboitiz Group in Taguig City. “By the end of this month, we would have finalized and disclosed how much is the final price,” he added. Mr. Aboitiz said utilization rate at Lima Land is already “quite high.” “That is why we are looking at other properties,” he said. AboitizLand in June said it offered to purchase 60% of Lima Land, Inc., a subsidiary of Alsons Land Corp., which owns the Lima Technology Center in Batangas. Once finalized, Lima Technology Center will add to AboitizLand’s two existing industrial estates in Mactan and Balamban, which are both located in the province of Cebu, where the Aboitiz Group was based before moving to its corporate headquarters in Taguig City early this year. “We think that there is an opportunity for industrial estates,
in a sense that there are many foreign investors that are looking at the Philippines,” he explained. “Many of them want to be in secure and prepared industrial estates with proper infrastructure; so we are saying that it’s gonna be a good business, we would like to see if we can build that business,” he added. “Our thinking was it would be best if we gonna get an existing one, expand it,” he said of Lima Land. Expansion of Lima will start next year, Mr. Aboitiz said, but would not give details. Aside from industrial estates, AboitizLand is also the Aboitiz Group’s corporate vehicle for infrastructure projects offered by the government under the public-private partnership (PPP) program. The company, in partnership with Ayala Corp., was prequalified to bid for a P17.5-billion PPP project to expand and operate Mactan Cebu International Airport. It is also one of the groups interested in a P35 -billion project to build Cavite-Laguna Expressway. On Thursday, Mr. Aboitiz the company was in talks with various potential partners for the project. Aboitiz Equity Ventures, Inc., the parent of AboitizLand, saw its profit fall by 3.62% to P14.37 billion in the first semester from P14.91 billion in the same six months last year.
Amusement and Gaming Corporation (PAGCOR) to offer additional services enhancing existing junket operations. Leisure & Resorts World said t he supplementar y services allow PAGCOR and Prime Investment to tap into foreign gaming markets as a way of luring more foreign tourists into the Philippines. “ T he supplement a r y
s e r v ic e s s h a l l i nc lu d e operating gaming tables equipped with high definition video cameras, VoIP facilities, internet data facilities, among others, which shall allow PIKI to broadcast PAGCORapproved table ga m i ng activities from within the gaming rooms to PAGCORapproved locations outside the Casino Filipino-Midas,” the disclosure read.
Last July, Midas Hotel said it will stage junket gaming operations with regulator PAGCOR for three years with an option to renew at the end of the term. Prime Investment also exec uted a sub -a genc y agreement on junket gaming operations with Gurutech Asia Inc. under the terms and conditions of the deal with PAGCOR.
THE EXPOSURE of banks to the real estate industry climbed in the first quarter, but the Bangko Sentral ng Pilipinas (BSP) believes there is no cause for alarm yet.
w h ic h were pre v iou s ly exempted. M o r e i m p o r t a n t l y, banks had to include their investments in debt and equity securities that finance real estate activities. These activities range from the acquisition, construction and development of properties, as well as buying and selling, rental and management. The new repor ting framework was already in place when banks surpassed the 20% cap in 2012. BSP of f i c i a l s a nd i ndu s t r y players both pointed out that the breach was minimal, especially considering the broader definition of real estate exposure was already factored into the figure. Mr. Ravalo toed that line again, saying: “We want to measure the whole landscape under the new coverage of
banks’ exposure to the real estate industry.” “The central bank will continue to monitor the d e ve l o pm e nt s . We a r e continuously rev iewing, but we do not see any reason to press the panic button as of yet.” The BSP keeps close watch on the property market since it was ground zero during the 1997 Asian financial crisis and the 2008 global economic crisis. Wit h t he Philippines awash with cash on the back of stellar economic growth, the regulator is wary that real estate prices could shoot up and create a bubble, then take down banks with it should it burst. The increase in real estate exposure was mainly driven by ba n k s’ loa ns, wh ich grows/PAGE B9
MIDAS Hotel and Casino is expanding junket gaming operations to get more foreign players and tourists to the Philippines. In a disclosure to the Philippine Stock Exchange on Mond ay, L eisu re & Resorts World Corp. said its wholly-owned subsidiary Prime Investment Korea Inc. signed a supplement junket agreement with Philippine
Real estate exposure grows “The real estate exposure of universal, commercial and thrift banks stood at P842.6 billion in March t h i s ye a r, 2 . 5% h ig her than the banks’ real estate exposure [of P821.7 billion] in December 2012,” the BSP said in a statement. However, t he centra l ba n k d id not qu a nt i f y the industry’s real estate exposure against its total loan portfolio, despite the presence of a 20% cap. I n 2 012 , re a l e s t ate exposure comprised 20.9% of banks’ total loan portfolio, surpassing the limit imposed by the BSP. BSP Assistant Governor Johnny Noe E. Ravalo said
t he cent ra l ba n k ’s 20% ceiling has not been formally taken away. “Banks are still required to keep their outstanding real estate loans to 20% of their loan portfolio,” he said in a phone interview. “The current f igure,” he admitted, “has slightly exceeded the ceiling, but that is because we have expanded t he repor ting system of banks.” The BSP w idened its scope of monitoring the real estate industry last year. Under the new rules, banks are required to report all property loans -- including those for socialized and lowcost housing developments,
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6 Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper
Editor : Shaun Uy, E-mail: shaun_alejandrae_uy@yahoo.com
Jatico’s Adventures
The
CAGAYANTIMES de Oro
LIFESTYLE
by Joseph Galdo Jatico
tuesday | september 17, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
Java, Indonesia
“Once upon a time, the purpose of travelling is to open one’s closed perspective one at a time” - jj Travel 2. Indonesia.
CHECKLISTS
Adventure 2 days, 1 night Timeframe: Idle sitting time : 24hrs round trip Allowable Php 24,000.00 Budget: Travel Backpacking, Style: 1 bag only. Adrenaline Rating (1-10):
3
Explore Borobodur! WANDERLUST means a strong desire for or impulse to wander or travel and explore the world. A strong longing for or impulse toward wandering. Source: Wikipedia & Merriam-Webster.
Welcome to my wanderlust! My travel, your guide. Jatico’s Adventures.
Borobodur. Soekarno Hatta International Airport in Jakarta, the capital city of Indonesia is a 3-hour plane ride from Manila. An 8-hour butt crunching locomotive ride from Jakarta’s central train station Gambir to Yogyakarta and finally, an hour from Yogyakarta is Candi Borobodur, Alas! a Buddhist Temple dating from the 8th century surrounded by active volcanoes… and yes, the view is worth your 12-hour sitting time! Vocabulary: Candi is an Indonesian term for ancient temples or ancient archeological structures, either Buddhist or Hindu mostly built during the 8th to 15th centuries.
Borobodur temple I am a Millionaire… seriously? Well, for lack of a better word, “everybody” is a millionaire in Indonesia just like in other South East Asian Countries. Your allowable travel budget of 24,000.00 Philippine peso is equivalent to 6,206,746.22 MILLION Indonesian Rupiah! If you plan to launder money worth 4 million Pesos, then you are a 1 Billion Money Launderer! For those Inter national Backpackers who car r y with them not more than 10,000 USD as allowed by law is a whooping 113 MILLIONAIRE! But nothing can beat the 10 Billion peso pork barrel scandal that is worth 2.5 Trillion Indonesian Rupiah! Anymore record contenders? Indonesia is one of the many countries with multiple 000’s in their cur rency.
Batik Monument in Jogja
Sadly, as I went to the bank in Jogjakarta, the teller told me that by 2014, “travellers” and locals alike are no longer Millionaires in their country because the Government will cancel the remaining zeros by then. So if I were you, I would travel NOW to experience the life of a Millionaire! While I was living my Millionaire life in Borobodur, I found out that Yogyakarta or “Jog ja” is the second most visited destination in Indonesia and the rally point of the famous World UNESCO Heritage sites. The 9th Century Old Borobudur, one of the world’s most ancient wonders! Bali Island is the choice for common Tourists, but Travellers prefer Borobodur, a one-hour drive from Yogyakarta. An hour drive from Borobodur
is a Hindu Temple, the Prambanan Candi which is the largest Hindu temple in Indonesia. A v i sit t o Jog ja i s never complete without experiencing the city’s one kilometer stretch main tourist street, the Malioboro Street. A really straight street where you can find anything and everything from street foods, bars, inns and keeps, batik, jewelry, and horse joyrides or becak (pedicab) ride. I also found out that the handdyed cotton and silk garment known as Batik clothing was acknowledged by UNESCO as Indonesian heritage, which origins are said to be traced from Yogyakarta. Now it’s your time to explore what else out there! Travel to Indonesia.
Malioboro’s 30-footer root legs Monas f laming with gold
Notable Landmarks
Merdeka Square – the largest public square in the world; Monas or National Monument in Jakarta with Gold Foil Flame; 18th Century Jakarta Cathedral & Istiqlal Mosque; Taman Mini “miniature”Park.
Prambanan Candi (Hindu Temple)
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Editor : Shaun Uy, E-mail: shaun_alejandrae_uy@yahoo.com
INVESTIGATIVE REPORT:
‘The Prevalence of Lice Infestation Among Filipino Children’ In a tropical country like the Philippines, head lice infestation is a common problem especially among school-aged children. In a study by the Department of Education and the University of the Philippines last year, pediculosis (lice infestation) is the second most common problem among students after tooth decay. In 2000, it was estimated that around 9 million students or 84% of the total public school children population in Metro Manila and in some provinces, were carriers of head lice. Pediculosis or “kuto” affects children aged 7 to 12 years. Students from Southern Tagalog and Western Visayas were found to have the largest number of pupils affected by head lice. Head lice affects children’s performance in school and creates social stigma against those with this condition. The problem has greatly concer ned education officials that the DepEd launched a program to address the problem in 2000 by giving out anti-lice treatment. Head lice are tiny parasites that bite the scalp and feed on human blood. According to the US National Library of Medicine, lice can survive on human head for up to 30 days. Their eggs or what is called nits, hatch after nine days and the larvae mature after another nine days. The bites from lice can cause severe scalp itching and in some cases red bumps on the scalp. Lice infestation is easily transferred through personal contact. While it is not considered as a serious condition, the social stigma attached to this condition is uncomfortable to many. Some people connects lice infestation to low hygiene and poor economic status. But in the United States, according to the US Centers for Disease Control and
Prevention, between 6 to 12 million kids aged 3-11 years old are infested with lice every year. Here are ways to avoid head lice infestation: • Tell your kids to avoid sharing hairbrushes, hats, hair bands, or any hair accessories to other children. • Inspect your child’s head regularly and look for lice or nits. If you find any that is already a sign for you to act immediately to avoid the lice from multiplying. • Practice proper hygiene like regularly using shampoo and conditioner to wash your child’s hair. • It is also important for you to teach your kids to be aware of the signs of lice infestation like itching of the scalp. Remember not to panic when you find that your child is infested with lice. Children can be very sensitive when they feel that they are being treated like they carry a contagious disease. There are a number of treatments for head lice. You may consult your family physician for the best treatment as there are products that contain insecticide and may be harmful
to your child. One product in the market that many moms recommend is Licealiz, a head lice treatment shampoo with conditioning formula manufactured by Lamoiyan Corporation. Heidi, 29, is a regular user of Licealiz. A mother of three boys aged 8, 6 and 2, Heidi shared that she never imagined her boys would be affected by lice until she saw one on her eldest son while combing his hair. “I always thought only girls can be infested by lice. I was shocked when I saw it on my son’s hair, near his nape. I don’t know if he got it from me or from his classmates or maybe from the surroundings,” said the young mother from Mandaluyong. She immediately researched on the best treatment and found the blog of another mom who tried Licealiz. “The shampoo really smells good. Bonus is that, it’s very cheap. Everyone in the house used it until the itchiness and the lice were all gone. I’ve been recommending it to my sisters and my in-laws ever since,” Heidi said. Michelle, 32, noticed her daughter’s
habit of scratching her head. Bothered, she bought a lice comb and used it on her. To her dismay, indeed, she found several matured lice. When she told her best friend about her daughter’s problem, she was advised to try Licealiz. “My best friend Ella had tried it on her daughter, too. What I like about Licealiz is that it smells good and makes my daughter’s hair really soft. She loves it,” the mother from Cebu City shared. Like many mothers, chances are your children may also be infested by the tiny crawlers. Discovering lice on your child’s head should not be cause for an alarm. Go to the nearest drugstore and grab Licealiz. Licealiz is non-toxic and is safe to use regularly even for young children. Using it often keeps lice from coming back. Unlike other brands, Licealiz's active ingredient, pyrethrin, is all natural and extracted from chrysantimum f lowers. It not only makes your child’s hair smell good, it also nourishes and make the hair grow healthier.
PAE warns: Dengue risk has doubled in regions outside NCR T he Philippine Association of Entomologists Inc. (PAE) war ns that areas outside of Metro Manila now face a double threat of d e n g u e b e c a u s e of t wo species of deng uelamok (dengue-car r ying mosquitoes) that are carriers of the deng ue vi r us to unsuspecting families and communities. T hese deng ue-lamok species include the daybiting Aedes aegypti, and the Aedes albopictus, which bites during the night. Ae. aegypti, has peak biting hours from 6am-8am and 4pm-6pm. Experts say that Ae. albopictus spreads the dengue virus at night, with peak biting hours from 6pm8pm and 11pm-1am. For a long time, people have been confident that the danger of dengue was limited to the day, when Ae. aegypti is actively feeding. As a result, dengue defense measures were relaxed at nighttime. Until today, many people still have the wrong belief that the dengue threat exists only at daytime. This misplaced confidence and complacency exposes them and their families to the risk of getting the dengue virus. According to the PAE, a study has already established t h at Ae. a lb opic t u s , a
m o s q u it o s p e c ie s t h a t bites most aggressively at night, is also a carrier of the dengue virus. Just like Ae. aegypti, the Ae. albopictus transmits the dengue virus through its bite when it feeds off blood from its victim. With the rediscover y of Ae. albopictus, the dengue threat is now present during the day and at night as well. Dr. Barbara L. Caoili, PAE President, said that Ae. albopictus usually lives in forested areas. However, the destruction of forests may have forced this denguelamok to seek new places to live among humans. The increase in human population has also resulted in homes being built near or inside forested areas. In either case, the contact between the dengue-carrying Ae. albopictus and humans has become inevitable. There are four ty pes of dengue virus: DENV1; DE N V-2; DE N V-3; and DEN V- 4. Different individuals may respond with different severity to exposure to any of these viruses. Dengue symptoms are flu-like, including highfever and muscle-and-joint pains. A rash may also appear on the skin. What makes the dengue virus so dangerous are the complications that may arise.
Some of these complications include brain damage or liver damage, as well as injury to other vital organs. The heart may also become infected or liver failure may occur. More often though, the most dangerous complication is “Dengue Shock Syndrome”. This happens when, after the dengue virus destroys the patient’s white blood cells and damages the patient’s blood vessels, i nter nal hemorrhaging occurs. The loss of blood and sudden drop in blood pressure can be fatal. DOH: Nearly 60,000 dengue cases, January to July 2013 As of July 6, 2013, the Department of Health has recorded some 56,056 cases of dengue nationwide. Most of the cases were reported from the following regions: Re g io n V I – We s t e r n Visayas (7,263 cases; 30 deaths); Region IV-A – Calabarzon area (6,891 cases; 19 deaths); Region VII – Central Visayas (6,466 cases; 21 deaths); Region XII – SOCCSKSARGEN area (5,483 cases; 37 deaths) and Region XI Davao (5,091 cases; 30 deaths). Now that the country is in the peak of the monsoon season which usually starts in July, families in these
regions and provinces are advised to level-up their defense against dengue. There is greater risk of dengue infection during the rainy months up until December. E ffecti v e protection The usually effective dengue defense measures recommended by health aut hor it ies i nclude t he following: Keeping the house and one’s su r rou ndings clean; putting screens over windows and doors; wearing long-sleeved clothing and long pants; using mosquito
nets; and using an Ovi-trap, a simple device that traps dengue-lamok. However, not all of these defense measures are feasible for use during the day and at night. One of the most effective dengue protection measures is the use of insect repellents. Usually available in lotion form, an effective insect repellent will keep denguelamok away and prevent mosquito bites. Green Cross Insect Repellent Lotion is the only product of its kind that’s clinically proven to protect against both the day-biting Ae. aegypti and the Ae. albopictus that bites
at night. G r e e n Cr o s s I n s e c t Repellent Lotion provides long-la st i ng prote ct ion for you and your family, effective for up to 10 hours with a single application. It is also hypoallergenic and safe for children to use. Wherever you live in the Philippines, always keep a bottle or two of Green Cross Insect Repellent Lotion to protect yourself and your loved ones against denguelamok during the day and at night. Green Cross Insect Repellent Lotion is available in supermarkets and grocery stores nationwide.
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8 Mindanao Daily NEWS
Banking&Finance
northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper
Editor : Nelson Constantino, E-mail: nelconstant@gmail.com
tuesday | september 17, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
Citi says BSP likely to begin Thrift banks push land titling hiking SDA rates by yearend THE BOOM in the property market could result in a shor tage of land in t he coming years. “We’ve built about 26 new business districts on top of Makati and Ortigas just in the last 15 years. That’s a phenomenal growth for the Philippines,” said Dav id Leechiu, countr y ma nager of Jones La ng LaSalle Philippines, during the general membership meeting of the Chamber of Thrift Banks (CTB). “But I think in four years’ time, there will be very few developable lands left in Metro Manila.”
THE Bangko Sentral ng Pilipinas (BSP) is likely to hike rates on its special deposit accounts (SDA) towards the end of the year to response to upside inflation risks, according to Citi. “While MB’s tone doesn’t signal alarming inf lation risk, it may be the start of gradual erosion of the economy’s sweet spot of strong growth amid low inf lation. This erosion in its early phase may not necessarily prompt MB to respond aggressively,” Citi said, referring to the BSP’s policy-making Monetary Board. With the US Federa l Reserve widely expected to reduce its economic stimulus, Citi said the BSP is expected to hike its SDA rates by 25 basis points. Citi said SDA balances would have been diminished by December, thus reducing the BSP’s sterilization costs, which refer to cost of paying banks for placing their excess funds in the central bank’s SDA. “Persistently high twodigit M3 growth towards December coupled with a disinf lation cycle ending soon comprise key conditions that augur for early tightening signals,” Citi said. Domestic liquidity – also
called M3 – grew by 30.1 percent to P6 trillion in July, accelerating from the 20 percent in June. Last July’s liquidity growth was the fastest since December 2002, but the BSP said this is unlikely to push up inflation. T he i ncrea se i n M 3 however was expected, citing the impact of the BSP’s efforts to drive out liquidity from its SDA. The central bank earlier ordered banks to reduce to 30 percent their placements in the SDA by end-July, and to remove them entirely by end-November. Citi said the BSP also indicated the “balance of risk to the inflation outlook shifted slightly toward the upside” as oil prices have become more volatile amid ongoing geopolitical tensions in the Middle East. With inf lation of 2.1 percent in August and 2.8 percent so far this year, Citi said the trajectory is for higher inflation settling to within the BSP’s target range of 3-5 percent. “Solid pace of growth supported by firm
dema nd a nd buoya nt business sentiment would be coincident w it h t his trajectory but with inflation expectations anchored,” Citi said. In a meeting last September 12, the Monetary Board decided to retain overnight borrowing and lending rates at record lows of 3.5 percent and 5.5 percent, respectively. The SDA rates likewise were left untouched at a uniform two percent. The BSP has lowered its inf lation forecast to three percent for this year and 3.9 percent for 2014. This was a turnaround from its July meeting, when it hiked its inflation forecast to 3.3 percent from the earlier estimate of 3.1 percent for this year, and to four percent from 3.6 percent for 2014.
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2 Zambo banks open Sunday amid fighting
AT least t wo banks in Zamboanga City are opening on Sunday to serve residents’ needs amid the gun battles between government and Moro National Liberation Front forces. The city government said Saturday the Zamboanga City Bankers and Financiers Association identified the banks that will open on Sunday as Land Bank Western Mindanao State University and China Bank Savings. Since the crisis started Monday, some commercial establishments in the city, including banking, had been shut. The crisis, which entered its seventh day on Sunday, started when MNLF members took several civilians hostage, and
holed-up in several barangays within Zamboanga City. Mayor Isabelle ClimacoSalazar had earlier appealed to businesses and banks to open to serve the public. On Saturday, she asked the city’s residents to stay “united and strong” amid the hardships. “Our faith as a people is unshakeable. This is not an issue of religion for we have co-existed peacefully and worked harmoniously. This is an issue of people with misguided principles using arms to propel their ideology,” she said. She also thanked the business community “for helping us in providing essential services despite the very tensed situation.” —GMA News
According to his report, transactions for office space hit 480,000 square meters last year from 360,000 square meters in 2011. The biggest driver, he said, was the business process outsourcing industry, which accounted for the 95% of the demand. To help free up land for development, the CTB signed a memorandum of cooperation with the US Agency for International D e ve lopme nt (USA I D) yesterday to improve titling. This is in support of the Residential Free Patent Act or Republic Act 10023 which authorizes the issuance of free patents for residential lands to every Filipino with no land title. “We want to improve the tourism, agri-business and manufacturing industries,” said Enrico L. Basilio of the Asia Foundation. He noted, though, that credit support is key to boosting t h e i r c omp e t it i ve ne s s , especially since small- and medium-sized enterprises typically make up bulk of these industries. By promoting land titling, he said, the property can be secured and used as collateral for loans. For its part, the CTB is assisting banks in setting up land titling services and marketing their services to residential free patent beneficiaries.
Mindanao Daily NEWS
tuesday | september 17, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
Appeals... from page B2
all modes of transportation to and from the city were suspended. Still, travel by land was limited because of a 5 a.m. to 8 p.m. curfew in the city. CAAP also declared a 25-nautical mile no-fly zone surrounding the Zamboanga International Airport, except for militar y and special government flights. Nea rby a ir por ts i n the cities of Dipolog and Pagad ia n, however, a re operating taking up the slack from Zamboanga. (GMA7)
Increase... from page B2
The Consumer Expectations Survey or CES is a quarterly survey, the results of which provide ind icat ion of consu mer sentiments for the current and next quarters and the year ahead as ref lected in the overall confidence index (CI), as well as in selected economic indicators. The Q3 2013 CES has a total sample size of 5,763 households, of which 2,771 (48.1 percent) were from the NCR and 2,992 (51.9 percent) from the AONCR. The nationwide survey response rate for Q3 2013 was 98.1 percent (from 97.3 percent in the last quarter’s survey). By area, the response rate was 99.3 percent (from 97.7 percent) in NCR and 97.1 percent (from 96.8 percent) in AONCR. Majority of the respondents (50.3 percent) were from the low‐income group, 36.3 percent were from the middle‐income group, and 13.4 percent belonged to the high‐income group. — GMA News
Benefits... from page B2
“We should fully support our barangay officials and workers, not only to ensure their faithful performance of their duties, but also to help raise their living standards,” said Gullas, who represents the first district of Cebu in Congress. “They contribute in a big way to our barangaybased democracy, which gives ordinary people greater oppor tu nit y to act ively participate in governance,” Gullas added. Voters will elect on Oct. 28 the officials of the nation’s 42,028 barangays. (PNA)
Infuse... from page B3
The transaction, which was completed in May 10, also includes the acquisition of 100 percent of the shareholdings in Asiawide Airways Inc. In exchange, Zest Air owner Alfredo Yao will get a 13 percent stake in Air Asia Philippines for $16 million. Hont iveros had sa id that AirAsia Philippines will suspend its Kalibo and Davao f lights from Clark effective October 9, with the last flight scheduled on October 8. For its Taipei and Hong Kong f lights,
AirAsia Philippines will stop operations on November 6. “We will resume our operation to Hong Kong on December 20 to January 5,” Hontiveros however said, adding that Taipei flights will remain suspended because of weak demand. “ T he rea son for t he suspension is that we need to support Zest Air financially,” she said. Last Friday, Air Asia Group owner Tony Fernandes said, “Air Asia Philippines is moving to Manila.” “More choice, more value. The world’s best low cost airline is going to NAIA,” Fernandes said, referring to t he Ni noy Aqu i no International Airport. AirAsia Philippines is also looking at Kalibo and Tagbilaran as its new hubs.
Tuna... from page B4
Majestic Seafoods factory. There are three more canneries that will be built in PNG because of the efforts of Frabelle to lure foreign players to our country, he added. Cencon Packaging, another Philippine company, is also building a can-making plant to supply the tuna canneries, Zeming said. New Filipino player Rell & Renn Fishing Corp. is also planning to establish a Katsuobushi (smoked) plant and a fresh fish operation using mini-purse seiners on Manus Island, he said. Zeming noted the fresh fish project will be established under a joint venture company named Offshore Master, with 25 percent local shareholders. In terms of fishing access, the PNG National Fisheries Authority has licensed 59 Filipino-owned purse seine fishing vessels this year. “The Philippines has the largest number of purse seine fishing vessels in PNG,” Zeming said. T he Fi l ipi no f le e t ’s combined catch in 2012 reached 196,052 met ric tons, about 28 percent of PNG fisheries annual total available catch. Phi lippine f ishing compa n ies a re a l lowed to operate in PNG waters prov ide d t hei r c atche s are landed and processed onshore in the island state. Zeming said the invest ments of Fi lipino compa nies have g reat ly contributed to PNG’s tuna industry now with a value of at least K1 billion or US$ 408 million. (PNA)
DA...
from page B4
productivity in Mindanao. R I h a s c omple t e d 6 65 kilometers of farm to market roads amounting to P1.465 billion; its 273 81 bridges with a total length of 273 linear meters amounted P81.05 million; Communal Irrigation Systems serving 1,882 hectares amounting P83.97 million; 43 towns benef ited f rom Potable water systems amounting to P227.44 million; and various
northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper
postharvest facilities costing P21.79 million. Another P2.596 billion wor t h of infrastructure projects are still on going and P19.88 million worth are on advance stage of procurement. The livelihood assistance, implemented through the C om mu n it y Fu nd for Agricultural Development (CFA D) component has earmarked P1.265 billion for a total of 3,780 agribased livelihoods for the earmarked P1.265 billion. W hi le t he Natura l re s ou rc e s Ma na gement component that ensures all resources-based of the va r ious l ivel i hoods a re protected and conserved has already released a total of P138.48 million for its 42 subprojec ts a l l over Mindanao. “Af ter the reasonable ex tension of t wo more years, we are confident of our achievements as in the past five years, That we have created impact in elevating the life of many of our rural folks ,” Ramos said. “A long side a ll t hese ac t iv it ie s , we a re a l s o preparing for the bigger development project under DA, the Philippine Rural Development Program,” Ramos added.(Sherwin B. Manual/DA-MRDP)
Mining... from page B4
doon in the past and [at] the same time titingnan n i la s a a n a ng pwede at saan ang hindi,” the Palace of f ic i a l , w ho i s a l s o a former Cagayan lawmaker, told reporters on Monday. Mamba said black sand mining began in Cagayan in 2008. Since then, he said, they have been able to document
severa l v iolations by mining operators, some of whom are repor ted ly being protected by local police and officials. “Alam din namin in a way they are also protectors of these illegal activities,” he said. But he said the MICC’s members, which includes the heads of the Department of Justice, Department of Finance, and Department of Environment and Natural Resources, are aware of this “reality.” “Ma k a k aa sa ho k ayo na ang ating Pangulo at ang ating administrasyon ay hi nd i nat ut u log sa dinudulog ninyo sa amin,” he said. — GMA News
Grows... from page B5
accounted for 85% of their total exposure to the sector. Investments in real estate securities comprised the remaining 15%. Proper t y loa ns g rew 1.75% to P715.5 billion in the first quarter from P703.2 billion in 2012. Some 78% of the loans were “residential in nature,” the BSP said, meaning they were used to bankroll the acquisition, construction and improvement of housing units. The exposure of banks remained “manageable,” it added, as bad loans made up only 4% of total residential real estate loans. Investments in real estate securities rose 7% to P127.1 billion from P118.5 billion. As a n indicator of stability, BSP simulations s howe d t h e i n du s t r y ’s capital adequacy ratio would remain “well above the 10% minimum” even with a 50% write-down in its real estate exposure. -
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tuesday | september 17, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
Kris Aquino takes pride in being called a ‘stage mother’ On top of being one of the country’s top endorsers, talk show host and box office actress, Queen of All Media Kris Aquino is first and foremost a mother to her two sons, Bimby and Joshua. Now that her youngest son is bound to make a showbiz debut through the film Torky and My Little Bossings, Kris just couldn’t help but turn into a stage mother. “Ito yung first movie ni Bimb so gusto ko talaga mag-look back siya fondly on this. Natutuwa siya na siya naman ngayon,” said Kris during a tape interview aired on The Buzz on Sunday.
Daily
HOROSCOPE AQUARIUS (January 20 – February 18) -You’ve got to keep your head down today -- things are not going your way, but the worst thing you could do is draw attention to yourself. Relax in the understanding that tomorrow is a much better day. PISCES (February 19 – March 20) - You’ve got to reach out to someone who can be of use to you. It’s not that your situation is dire or hopeless, just that you’ve got people who can really help out and there’s no shame in asking. ARIES (March 21 – April 19) - Don’t despair -- things are good, and you can push through the latest wave of weirdness to make it out the other side. You should be able to show that one doubter what you’re really made of! TAURUS (April 20 – May 20) - Enlightenment is spreading fast -- so hop on and get some for yourself! You may also want to affect the way it’s being absorbed, because your own brand of wisdom is dominant right now. GEMINI (May 21 – June 21) - You can’t just think things through today -- action is the only real way to learn things. You have a leg up on other people, though, as you find it easier than usual to try new activities. CANCER (June 22 – July 22) - Sometimes your life gets a little out of balance -- like today. Try not to worry too much or read too much into it all, because this is just how life gets when you swim into the deep end.
According to the Presidential sister, she’s very proud of the huge amount of focus that Bimby has been showing for the craft as early as now, for his first film. “Para alam niya kung ano yung trabaho talaga na focused dapat. Nagbe-behave naman so nakaka-proud. Ang gusto ko talaga yung lumalawak ang pagtingin niya sa kung ano ang meron sa mundo,” related Kris. Kris, who was very visible on set even if the film was still on its early stages of production, shared that she’s also very pleased to see that her son is comfortable with
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to assess the offer before grabbing it. “Nagkataon lang talaga that this opportunity arose and nung talagang in-offer nila sakin for Bimb to be part of this and for me to coproduce it, I thought about it talaga and I discussed it with my family tapos na-realize ko na ngayon lang darating yung opportunity na ito na cute pa siya, maliit pa siya. Gusto kong gawin and gusto ko na masubaybayan ko,” shared she. But even if her son to cager James Yap has already had his first dibs on acting, kris/PAGE B11
-MovieWatch-
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the people that he’s working with especially with young host Ryzza Mae Dizon. “Ang nakita ko lang talaga is nagtutulungan sila. Pero napapansin ko lang may shyness pa ng konti kay Ryzza. Sinabi niya sakin ‘Ang name po naming kasi masa kami ‘Bi-Ry’ sabi ko ‘okay kung yan ang gusto mo ‘Bi-Ry’ go,” the KrisTV host shared laughingly. To those saying that she has been too eager in having his son join showbiz, Kris has clarified that she was only offered this project by Vic Sotto and that in fact she actually took some time
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The big screen remake of the 1976 movie that catapulted Sissy Spacek to fame, which was based on the book of the same name by Stephen King. A sheltered high school girl unleashes her newly developed telekinetic powers after she is pushed too far by her peers. Directed by Kimberly Peirce, (director of Hilary Swank’s first Oscar winning movie, Boys Don’t Cry), this remake could be good. But it is completely unnecessary, since the original is a classic. What’s next? A remake of The Godfather or E.T.? The original Carrie was directed by Brian DePalma, and Piper Laurie played the role of Carrie’s mother. In this remake, five-time Oscar loser Julianne Moore plays Carrie’s mother. release date
CARRIE
: october 18, 2013
SUDOKU How to play the game? Fill in completely every rows, columns and diagonals of each puzzle without repitition
of the same digit.
Yesterday’s Answer
LEO (July 23 – August 22) - Your ego is an unwelcome guest today, so try to shut it down when it starts to make its presence known. It’s not that hard, and it should lead to a much more relaxing day for you. VIRGO (August 23 – September 22) - Your love life is taking off -- so spend time with your sweetheart or find time for a date with someone new. Your great energy makes you even more attractive than usual, so work it! LIBRA (September 23 – October 22) - Your need for respect is challenged today -- most likely by someone in authority. This can be a drag, but try to remember that it’s all temporary. Your spiritual side asserts itself before too long. SCORPIO (October 23 – November 21) - Someone important to you is in a really good mood today -- so make the most of it! Ask for a favor, sneak in some bad news or just revel in the positive energy they seem to radiate with ease. SAGITTARIUS (November 22 – December 21) - Now is a great time for you to step up your efforts to plan for the future. It’s one of those days when you can tell that every penny you save is sure to be well spent at some time down the line. CAPRICORN (December 22 – January 19) - Your energy levels are spectacular today -- so much so that you may keep working or partying long after everyone else drops off. Keep at it! You should have a great time no matter what you’re doing.
Amazing Facts! Did you KNOW?? .. Men have erections every hour to hour and a half during sleep. This is because the combination of blood circulation and testerone production can cause erections during sleep and are a necessary part of REM sleep.
CROSSWORD puzzle across 1. Pre-owned 5. Of molecules 11. Surge 12. Philippine city 13. Yemen’s capital 14. Cutting tool 15. Russian river 16. Cloth edge 17. Assault weapon 18. Zero 19. British princess 21. Mast 22. Father 24. Attention getter 25. Leonardo_Vinci 26. Osmium’s symbol 27. Cain’s grandson 29. Line 31. Metal 32. Violate 33. Donkey
36. Chess rank 37. llocos_ 38. TV show 39. Hoofed mammals 41. Chess opening 42. Obtain 43. C a m p b e l l t h e singer DOWN 1. Salt Lake City’s state 2. Flank 3. Swelling 4. Lair 5. Stun 6. Public utility vehicle 7. Sole 8. Note 9. Panay province 10. Wires 17. One: prefix 18. Negative
20. Numbers: abbr. 21. Friend 22. Small 23. Beast 25. Noise 28. Not off 29. Primary 30. Painting stand 32. Tom’s child 34. Satisfy 35. Rotate 37. Mistake indicator 38. S. Amer. country 40. Greek letter Yesterday’s Answer
Mindanao Daily NEWS
tuesday | september 17, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
Bananas... from page 1
Dole Food Co Inc, came from the Mindanao International C ont a i ner Ter m i na l i n Tagoloan, Misamis Oriental. The ba na nas a rrived last September 9 and were transferred to a ripening warehouse. They will be available in the Los Angeles area next week, said Javelosa. Javelosa said the shipment puts the US in the list of overseas destinations for Philippine bananas. Other Philippine markets are Japan, Hong Kong, New Zealand, Korea, China, Singapore, the Middle East, Canada, Russia and Indonesia. Javelosa said this came nearly eight years af ter Manila first asked for access to the American market. “Philippine bananas are among the best in the world and there is opportunity to bring in the unique and special banana varieties like lakatan and latondan, which Filipinos in the US have long been craving for and which Americans can learn to love,” said Javelosa. The Phi lippines a lso exports bananas to Japan, Hong Kong, New Zealand, Korea, China, Singapore, the Middle East, Canada, Russia and Indonesia.
Bridge... from page 1
see for herself the pr o g r e s s o f t h e br i d g e const r uct ion a f ter she received complaints from fa r mers a nd residents about the delay in t he put ting up of t he br idge t hat has a f fec ted t he tra nspor t of t heir ag r icu lt u ra l produc ts to Cagaya n de Oro. Re p. A lba who wa s accompanied by the
Depa r t ment of Publ ic Wo r k s a n d H i g h w a y s ’ personnel, met with t he pr ivate const r uc tor eng i neer of t he br idge. “I h ave to lo ok i nto the progress of the bridge work s a nd k now t he status of the construction f rom t he DPW H a nd t he constructor so I can give a def i nit ive response to complaints of t he people and businesses in Talakag tow n.” Rep. A lba sa id i n a n i nter v iew. The Uguiaban Bridge, was tota l ly destroyed when washed by the strong cu r rent at t he heig ht of Tropica l Stor m Pablo i n December last yea r. C on s t r u c t ion of t he new bridge sta r ted in Jau nua r y 2013 w it h t he b u d g e t o f P4 7 m i l l i o n f rom t he ca la mit y f u nd. Talakag town is host to compa nies such as Dole Ph i l ippi nes , Del Monte Phi l ippi nes, Sta nfelco and Agrinanas. Since post ST Pablo, fa r m produce have to be double hau led by ma nua l labor a nd transferred to bigger conta inerized tr uck s wa it i ng at t he ot her side of the broken bridge, and fa r mers of hig h va lue crops have to add at least P15 , c o s t p e r s a c k f o r hau l i ng. Romeo Martinez, project engineer of Charlz c on s t r uc t ion, s a id t hat their work which is already 70 p e rc e nt f i n i s he d , i s behind schedule because of bad weat her. He said that they have com mit ted to f i nish t he construction of the bridge in October, and hopefully ---become passable before t h e e nd of t h e ye a r or a f ter t he c u r i ng per iod of t he cement.
northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper
Goods...
Kris...
prices of regular canned sardines remain at P14 to P15 a piece. Pabi l lore made t he statement to a l lay fea rs that prices of canned foods would likely increase since most canned factories were based in t he st rife-torn city of Zamboanga. S o m e r e s i d e nt s h a d expressed t he fears t hat prices of canned sardines might increase due to the sporadic fighting between government troopers and members of t he Moro National Liberation Front (MNLF) there. Adela Santos, a mother of f ive in Opol, said that a ny price increase of t he b a s ic c om m o d it i e s particularly canned sardines would certainly affect the poor “ like us.” “We can only afford to buy ca n ned sa rd i nes as our source of protein diet since sardines were rich with protein,” she said. Ot her loca l residents here were a l s o wor r ie d t hat a ny pr ice i nc re a se of canned sardines would sig na l t he price hi ke of other basic commodities s u c h a s r ic e , f i s h , a nd meat. Pabi l lore sa id t hat t he D T I i s c ont i nu a l l y monitoring t he prices of Zamboanga-based canned sardine factories and would ma ke a price announcement of possible m ove m e nt of pr ic e s of basic commodities, too. “At the moment, there is nothing to worry since the prices of canned goods and other basic commodities here a nd i n t he re g ion remained stable,” Pabillore said. (PNA)
and notwithstanding an of fer for one season of Wansapanataym courtesy of his godfather, Kris remains wary to make Bimby go full time in showbiz. Ayoko lang na mag-suffer ang school because he’s doing well. Okay siya academically tapos sa spor ts he’s on the taekwondo team and nandoon siya sa swim team na so prioritizing lang talaga yan. Ayokong ma-deprive siya of a childhood also kasi puro trabaho, so tignan nalang natin,” explained the prized Kapamilya host. Mea nwhi le, K ris has undoubtedly been a very hands-on mother to her children, but since her split with estranged husband James Yap two years ago her lovelife has seemingly taken a backseat. Until lately, when her Instagram account has been seen with cryptic quotes pertaining to love which made many believe that the Queen of All Media is in love. “No comment talaga kasi I deserve privacy and happiness,” she quipped Her life has been very open to the public ever since, now, Kris has opted to keep her personal matters private and that includes how happy she is as of the moment. “Okay naman. Ayokong sabihin na happy na happy ako kasi maraming gustong maging sad ako, kaya okay lang,” Kris said. She added, “Hindi ako magsasalita kasi may nagsabi sa akin na if you let that aspect of your life private mas may chance na mag-progress, mag-develop at mag ing maligaya. So mas maganda na tumahimik nalang ako.” (abs-cbn showbiz news)
from page 1
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from page B10
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12 Mindanao Daily NEWS northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper
EDITOR: Shaun Uy , e-mail: shaun_alejandrae_uy@yahoo.com
SpecialFeature
tuesday | september 17, 2013 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
The New CdeO Rugby Team A
few months back, my husband woke up one day and realized that he wanted to play rugby. When he posted on Facebook asking everyone if they know of any rugby team in CDO, you can just imagine the joking replies he got, such as: “Singhot rugby team? Yes they're everywhere!” and “Rugby team, vulca seal team -- take your pick!” So yes it's funny and those kinds of reactions are to be expected, especially for a basketball-crazy nation such us ours. Sports such as rugby often take the backseat. Fortunately, one thing led to another and soon enough, he was introduced by like-minded people to a guy named Noel Villa, a rugby aficionado who has just started organizing the new Cagayan de Oro Rugby team, the first ever in CDO. Mr. Noel Villa was born in Manila but grew up in the UK. He spent 27 years there – representing his school and town in rugby, and then working as a personal trainer and Body Conditioning Coach in several gyms in the UK. When he moved back to the Philippines in 2011, he joined the Philippine Rugby Football Union as a Liaison Officer for the Under 18's Asian 5 Tournament in Manila, spending time with the Korean National team. This rekindled his desire to teach Rugby. Aside from the several Rugby Clinics that he joined both in the UK and Philippines, he's also a medal holder during the Philippine National Games in 7s Rugby last year. When talking to Mr. Villa, you will most likely realize these two things --- how passionate he is about Rugby, and why the Filipinos should give more focus to the sport. After all, the Philippines already has one of the strongest rugby teams in Asia - the Philippine Volcanoes. Next to Japan, it's the 2nd most successful team in Asia, belonging to
by Janey Montebon Duterte
the Elite Division after winning two consecutive seasons of the Asian 5 Nations Cup. The Philippines is also home to one of the oldest Social Rugby tournament in the world, the Manila 10s, which is currently on its 100th year! With all these info, one simply can't believe why we haven't been too exposed to this sport. But the new CDO Rugby Team aims to change that. The team plans to tap into the pool of local talents by recruiting and developing players who will promote the sport in their own different areas. It also aims to offer a structured program to develop skills among local youngsters. Aside from fostering camaraderie through sport, the team also wishes to reach out to the less fortunate. This has already started through their partnership with the Child Protection Brigade Volunteers. Last week, they visited Boys Town in Lumbia to conduct feeding activities and teach the boys how to play the sport rugby. The rugby lessons at Boys Town is planned to be a monthly activity, and pretty soon, they'll be engaging in Their advocacy: to better the lives of children through the sport rugby. fund-raising activities (such as selling rugby shirts) in order to provide the kids with their own kits. As of September 14 the CDO Rugby Some of the pioneer team has already made its debut at the members of the CDO Pelaez Sports Center. Rugby team sweat it The pioneer members of the team out during practice came together for a few hours of rugby training as well as a fun game of Touch Rugby. So if you're interested to join the club, or know of anyone who might want to get involved, please don't hesitate to contact Mr. Noel Villa through the group's Facebook page (http://www.facebook.com/ cagayandeororugbyclub). You can also drop by their practice sessions at the Pelaez Sports Center every Saturday afternoon.
Quick Rugby FAQs for beginners:
Mr. Noel Villa (center) during the Touch Rugby practice game
What is rugby? It is a style of football and is played as either Rugby League or Rugby Union. The two branches of the sport are similar, but have different sets of rules. For the CDO Rugby team, they are playing Rugby Union. Rugby Union is played by two teams with 15 players each. How is it different from soccer and American football? Aside from the basic rules, the parameters of the game, and the gears, the three may be cousin sports but they are quite
Teaching the Boys Town kids the rules of playing rugby
different from each other. Rugby could be best described as a mixture of the contact of American football, the running of soccer, and the transition of basketball. What are the basic rules in playing rugby union? The game is deceptively simple - you use the ball to score more points than the other team. To do this, you can run with the ball, kick it and pass it, but passing forwards is not allowed. Rugby union is a contact sport, so you can tackle an opponent in order to get the ball, as long as you stay within the rules.
What are the most important rugby lingo you should know? The scrum – this is the common thing we see where the players of both teams are all bunched up together in a tight pack, pushing forward in that formation. Tackling – this is when a player knocks over another player to the ground. Ruck – a huddle of players which is formed after a player has been tackled and must let go of the ball. Now that you have more or less a working idea of how rugby works, we look forward to seeing you soon in the upcoming trainings and games of the Cagayan de Oro Rugby Team!