BusinessWeek Mindanao (November 30 - December 1, 2013)

Volume IV, No. 23

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November 30 - December 1, 2013

BusinessWeek MINDANAO

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Market Indicators As of 6:13 pm NOV. 29, 2013 (Friday)

FOREX

PHISIX

US$1 = P43.76

6,208.82 points

3 cents

X

X Briefly 38.86 points

Xmas symbol fest TANGUB City – Preparations are on-going for the Christmas Symbols Festival 2013, here, with its grand opening on Dec. 1, to be highlighted by a fireworks display. At the moment, the city’s different sectors are getting their acts together and working round the clock to put up their respective Christmas symbols/ structures to catch up with the opening, said Atty. Philip T. Tan, City Mayor of Tangub, “The Christmas Symbols Capital of the Philippines.” He said the festival aims to uphold the spirit of Christmas in the hearts of the Tangubanons and their neighboring communities and enhance their ingenuity, creativeness and resourcefulness, aside from promoting the city to be a tourist destination every yuletide season.

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PH set for investment, industry-led economy By DANIELLE VENZ, Contributor

T

HE Philippines is on track to make its economy more investment and industryled, according to the country’s economic chief.

“There are evidences that we are on track with respect to rebalancing the economy towards an investment- and industry-driven growth from a consumption-led one,” said Socioeconomic Planning Secretary Arsenio Balisacan. Balisacan said that on the supply side, industry and services sectors led the country’s gross domestic product (GDP) which expanded 7 percent in the third quarter of 2013. The third-quarter figure brought average nine-month growth at 7.4 percent, still above the government’s 6 to 7 percent target for the year. Balisacan said the industry sector accelerated 8.2 percent from 7.1 percent for economy/PAGE 11

Aboitiz utilities up capex to P685.3-M By IRENE DAYO, Reporter

ABOITIZ Power subsidiaries that operate two utilities in Mindanao raised their respective capital expenditures for the next two years to a total of P685.3 million. Davao Light and Power Company, Inc., the country’s third biggest power utility, and Cotabato Light and Power Company, Inc., have asked for the Energy Regulatory Commission’s approval of their budgets for regulatory years (RY) 2014 and 2015. The distribution utilities also sought the regulator’s authorization to implement, own and operate the projects covered by the capex.

Food security MARAWI City -- The Department of Agriculture and Fisheries (DAF) and the Department of Education (DepEd) in the Autonomous Region in Muslim Mindanao (ARMM) will work jointly with the United Nations–World Food Program (UN-WFP) to improve food security in the region. The three agencies signed on Tuesday an agreement that establishes their collaboration in the strengthening of the “Gulayan sa Paaralan,” a project that brings together the school and the community in putting up a vegetable garden within the school compound. Macmod Mending, DAFARMM secretary, said the project aims to improve food security and the health of school children in the region and also lessen incidents of malnutrition. DepEd-ARMM will help identify an area of at least 1,000 square meters in every participating school where the “gulayan” or garden can be put up and encourage 20 farmer-parents and pupils to engage in the project.

P15.00

Contractors of Davao Light and Power Co. fix an electric line in Barangay Vicente Hizon Jr, Davao City. Owned by the Aboitiz family, Davao Light has raised its capital expenditures for 20142015. mindanews photo by keith bacongco

FUNDING Cotabato Light’s petition showed that the total cost of the proposed capex for RY 2014 and

2015 is estimated at P300,365,092, which will be “funded from long-terms loans to be secured” aboitiz/PAGE 11

Restrictions seen distorting power reserve market By MYRNA VELASCO, Contributor

FLYING FOX. Giant bats fly over lush mangrove trees in Tabuk Island off Palompon, Leyte in this photo taken March 2012. Over a hundred thousand bats used to roost in Tabuk Island, but most of them flew elsewhere when Typhoon Yolanda hit the island. Photo courtesy of Raoul Bacalla/MENRO-Palompon

Destruction of giant bat sanctuary a great loss for Palompon: envi exec By BOBBY TIMONERA, MindaNews

TABUK ISLAND, Palompon, Leyte – The devastation w r o u g h t b y Ty p h o o n Yolanda in this municipality i s s u b s t a nt i a l , t h o u g h fortunately the people heeded

the call to seek refuge in stronger structures, resulting in only a few casualties. “But the giant bats of Tabuk Island were the ones loss/PAGE 11

THE proposal of the National Grid Corporation of the Philippines (NGCP) to limit offers into “one generating unit, one type of ancillary service” is seen distorting vestiges of competition in the proposed power reserve market. This was noted by Australian expert Dr. Hugh Outhred who lectured to Philippine power industry regulators and players on

the technical parameters of ancillary services and the fundamentals of operating a reserve market. Apart from distorting the concept of competition in a market, he stressed that moves to restrict players on offers/bids could also promote ‘market dominance’ because intentionally or not, the process may end up favoring just few players. In essence, that will be detrimental to

electricity consumers who will eventually be absorbing the costs. In the reserve market of Australia, eight types of ancillary services are being traded on a five-minute dispatch interval, but so far, their co-optimization set-up worked and without posing major dilemmas to systems of market monitoring, according to Outhred. His advice to Philippine power industry regulators market/PAGE 11

DOST pushes for smarter MSMEs By GELO UDAUNDO, Contributor

AMIDST the stiff local and global market competition and growing trade liberalization, the Department of Science and Technology (DOST) continues to push for smarter micro, small and medium enterprises (MSMEs)

through its Small Enterprise Te ch nol o g y Up g r a d i ng Program (SETUP). “We make our MSMEs smarter by creating platforms for innovation and assisting them the direct innovation process; from ideas to market”,

said Dr. C arol Yorob e, DOST Undersecretary for regional operations during an International Conference on Smarter Cities held in Pasay. Technology innovations that are available for MSMEs i nclu d e c ompl i anc e to existing standards such as the DOST/PAGE 11

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2 Dubai Mercantile Exchange sets new trading record nov. 30 - Dec. 1, 2013

DU BA I - - T h e D u b a i Mercantile Exchange (DME) said it recorded on Tuesday an open interest for an equivalent of 24.4 million

barrels of Oman crude. The record was set through an open interest of 24,391 lots recorded on Tuesday. Open trading/PAGE 10

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Economy

Young Entrepreneur Center to be established in Davao DAVAO CITY-- The Davao City Chamber of Commerce and Industry, Inc. (DCCCII) in cooperation with the Department of Trade and Industry (DTI) XI is set to establish a Young Entrepreneur Center in the city.

“This will serve as an incubation center for young ent repreneu rs who may want to experiment on their

products or perfect their existing business ideas,” DCCCII president architect Daniel T. Lim said.

Lim said there is a need to help young people become entrepreneurs to become f ina ncia l ly independent from their parents. This w i l l a lso help them establish a foothold in business arena even at such a young age, he added. DTI city director

No.: 09161714813 (GLOBE)

Committee on Suffrage Meeting Congressman Rufus B. Rodriguez delivers his sponsorship speech on his House Bill No. 389 entitled A ACT STRENGTHENING THE POLITICAL PARTY SYSTEM, APPROPRIATING FUNDS THEREFOR, AND FOR OTHER PURPOSES. His bill aims to professionalize and strengthen the country’s political party system and avoid turn-coatism. With this, Rep. Rodriguez hopes that politics in general in the country will also improve.

Teolulo Pasawa said they a re ma nd ate d not on ly to protect the interest of the consumers but also to develop job opportunities. He s a id t he cou nt r y is faced with widespread poverty and social inequity so one of the best ways to address this is to create more job opportunities for people. “By encouraging young people to engage in business, the country’s unemployment problems will be greatly reduced,” he said. L i m s a id t he C enter w i l l of fer f ree faci lit ies for budding young ent repreneu rs who may want to learn the basics of product development, market analysis, accounting operation and management within their levels. The Chamber is presently renovating its Small and Medium Enterprise (SME) being eyed as the location of the Young Entrep Center. He said the Chamber will just serve as catalyst a n d h o p e f u l l y, t h e s cho ol s w i l l pic k it up a nd susta i n t he idea of encouraging and sustaining entrepreneurship in t he Region. (PNA)

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CorporateWorld

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Globe post-paid Newly-opened Butuan branch business doubles is Robinsons’ 1,000th store GLOBE Telecom’s postpaid business remains as one of its strongest growth drivers, posting double-digit growth in revenues and subscriber base as of third quarter of 2013, the company announced yesterday. The telco’s p ostpaid s e g m e nt c o nt i nu e d t o provide solid contribution to its overall mobile business with revenues amounting to P20.0 billion, a 20% increase from previous year’s P16.7 billion. Postp aid re venues contributed 37% of total mobile revenues, up from 33% last year, as business perks up on the back Globe’s innovative offers and deals. Meanwhile, its postpaid customer base grew to 1.98 million subscribers ending the first nine months of the year, a 19% increase from previous year’s 1.66 million and a 4% growth from previous quarter. The telco att r ibutes the growth to its strong acquisition programs, such as its fully-customizable mySUPERPLAN. It allows customers to create the plan that best fits their budget and lifestyle, with double the value of

prepaid load, a wide range of combos and boosters, up-to-date device offerings and flexible contract periods ranging from 6 to 24 months. This year, mySUPERPLAN gained traction among new customers for Plans 499, 999, and 1799. Amidst competition’s intense switching drive and aggressive pricing, the company’s strategy to grow its postpaid base remains sound, according to Globe. The absolute growth in postpaid revenues alone for the first nine months of the year was almost double the increase in absolute investments in subsidies and re-contracting costs for new and existing subscribers during the same period. Overall mobile subscriber gross and net additions reached 22.1 million and 3.4 million, 23% and 69% higher year-on-year, respectively, bringing total mobile subscriber base to 36.5 million as of end-September, up 14% versus the same period in 2012. “We remain to be the strongest competitor when it comes to postpaid as evidenced in our consistent globe/PAGE 10

ROBINSONS Ret ai l on Friday opened the newest Robinsons Department Store in Butuan City, the company’s 1,000th store. The department store, located in Robinsons Place Butuan, has a gross selling area of 7,100 square meters. The two-level store will have a Toys ‘R’ Us Toybox section and a Business Center. The Butuan store is the 37th Robinsons Department Store in the country. “Robinsons Retail aims to increase its store network to approximately 1,100 by end of 2013 and around 1,400 by end of 2014 from only 912 stores at end-December 2012. The opening of Robinsons Retail’s 1,000th store is a

milestone for the company, which opened its very first retail store in 1980, also a Robinsons Department Store,” the company said. R obi ns ons R e t ai l is t h e c o u n t r y ’s s e c o n d

largest multi-format retail company with Robinsons Department Store, Robinsons Supermarket, Ministop, South Star Drug, Handyman Do it Best, True Value, Howards Storage World,

R obi ns ons Appl i anc e s , Toys ‘R’ Us and Saizen. It also operates stores of international brands such as Topshop, Topman, Dorothy Perkins, Warehouse and G2000.

P100 million to bankroll PT Basic Energi Solusi’s 10-well redevelopment drilling in Java, Indonesia next year. Basic Energy has already spent some P46 million to drill the first two wells whose pre-production work should be completed this year. PT Basic Energi is a subsidiar y of Grandway Group Ltd. (Hong Kong),

the joint venture of Basic Energy and Petrosolve Sdn Bhd of Malaysia. Basic Energy also allocated P20 million for its share in the drilling of the Progreso natural gas prospect in Service Contract 53 in onshore Mindoro. The rest of the company’s 2014 budget will go to its investments in geothermal

energy, including the Mabini prospect in Batangas. The company will also commence geological exploration and other geoscientific studies in three new geothermal concessions located in Batan, Benguet and Camarines Sur. Basic Energ y is also finalizing its negotiations with Energy/PAGE 10

Basic Energy board okays P300M capex BASIC Energy Corp has jacked up its war chest in preparation for oil, gas and geothermal energy projects next year. Oscar L. De Venecia Jr., Basic Energy chief executive officer, said the company’s board approved a budget of P300 million for this year’s projects. The company will spend

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Maybank unveils corporate internet banking platform MAYBANK is boosting its cash management business with the introduction of its corporate internet banking platform ‘Maybank2E Regional Cash’ serving large corporations and small and medium enterprises (SMEs). “With the latest platform launched in the Philippines, we project that our customer base growth will increase by 100 percent and transactions w i l l d o u b l e by 2 0 1 5 ,” Maybank managing director John Wong said in a press

briefing. Wong said Maybank has 600 clients in the Philippines, smaller than Singapore’s 3,000 clients, Indonesia’s 3,500 and Malaysia’s 30,000. The lender could double its Philippine clientele to

1,200 clients in 2015 using the newly-launched platform. The platform covers all aspects of cash management including management of i n for m at i on , p ay abl e s , receivables and liquidity, and r uns across major mobile operating systems. Maybank2E supports cross-boarder connectivity and is available in most currencies that provide cash management capabilities

across the region through a single platform. Maybank Philippines Inc president Jun Famatigan said the platform complements the bank’s growth strategy as it expands its local network. “This year was the start of major move to expand. We plan to open 25 branches this year, Famatigan said. He said Maybank has 70 branches and will open 10 maybank/PAGE 10

World’s oldest bank to be ‘profoundly different’ by 2017 MILAN - The board of troubled Italian lender Monte dei Paschi di Siena -- the world’s oldest bank -- Thursday approved a restructuring plan which it said will create a “profoundly different” bank by 2017. The plan, which includes significant job and branch cuts and the sale of small subsidiaries, had been given the green light on Wednesday by the European Commission. The scheme envisages a drop in the number of branches from 2,750 in 2012 to 2,200 by 2017 and the number of employees is expected to be cut from oldest/PAGE 10

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BSP oks China Bank thrift unit, rural lender merger THE Bangko Sentral ng Pilipinas (BSP) has approved the merger of the thrift unit of Henry Sy-owned China Banking Corp and Pampangabased Unity Bank. In a statement, China Bank Savings Inc (CBS) said it would emerge as the surviving entity from the merger, which would be pursued in the next six months. The Philippine Deposit Insurance Corp (PDIC) earlier gave its approval to the merger, whereas the Securities and Exchange Commission (SEC) has yet to give its imprimatur to the deal. With the merger, CBS is on track to meet its target of having in place 73 branches by yearend and 100 by next year. The BSP approved China Bank’s acquisition of 99.95

percent of Unity Bank’s outstanding subscribed capital stock. The acquisition would increase CBS’ branch network to 51, as Unity Bank adds 15 to the China Bank unit’s existing 39. In line with the merger, the BSP granted China Bank 24 branch licenses in restricted areas. This is part of the BSPPDIC Special Program for Rural Banks (SPRB) Plus, which encourages mergers in the rural bank sector by offering several incentives. CBS launched the mini branch concept in July this year as part of its strategy to expand. It now has nine minibranches in Savemore that are open daily, from 10 a.m. to 7 p.m., and plans to add three more within the year. CBS is looking at a 40-strong mini branch network by 2014.

10-month investments registered with BOI up 18% INVESTOR commitments registered with the Board of Investments (BOI) increased by nearly a fifth in the first 10 months of the year on the back of a doubling of foreign pledges. According to BOI, it registered P314.3 billion worth of pledges in the January to October period,

DN BUTUAN JOINT VENTURE

Education and Culture Alfredo deles Buenafe

JOB VACANCIES – For Local Recruitment

Teacher I

Bonifacio National High School Division of Misamis Occidental

Education plays a big role especially in the kind of life that awaits one in the future. Many Filipino families believe in that. This is the reason why a lot of parents strive hard just to send their children to school. Educating one’s offspring could be their chance in uplifting their way of life. As observed in various scenarios, parents work hard and enough to send their child to school. They want them to finish a degree and land a job. In return, children ought to exchange all the sacrifices their parents had made for them. Once they already have the job for them, they supported their family. Aside from that, this person is obliged to support the schooling of his younger sibling. And once this sibling already graduated, he is suppose to do the same thing. That is noticeable in various cultures including Filipino Culture. Education is not only viewed as a right of an

individual. It is also viewed as a primary solution to one’s status in life. It is already obligatory as it is a subject and a chance to change unwanted lifestyles. Education is also important because it is one way to heighten one’s status and position in society and as well in landing a better job and gain higher salary. It is believed that a person who has higher educational level will gain bigger opportunities as well. A number of companies will hire easily those people who have higher level of education for they can respond to the needs of the company, for it to boost further. Education is very significant. The points mentioned above are just few of the many. Perhaps, having it may give beneficial uses to an individual. However, it is also a must, a right. Everyone deserve good opportunities and thus, everyone must attain education. It could perhaps one way to survive life in this era.

up 18 percent from the P266.3 billion a year ago. Pledges registered with the BOI are entitled to tax and other perks. Last month alone, the agency registered P4.6 billion worth of pledges, or 79.3 percent lower than the P22.2 billion in September. BOI/PAGE 11

1. SALES ENGINEERS • Male/Female, not more than 35 years old • Preferably graduates of BS Civil Engineering/BS Architecture / BS Mechanical Engineering or any other Engineering related courses • With at least one (1) year experience in sales and marketing • With good communication skills 2. ESTIMATOR • Male / Female, not more than 35 years old • Must be a graduate of BS Civil Engineering or BS Architecture • Fresh graduates are welcome to apply 3. SALES COORDINATOR • Female, not more than 35 years old • College graduate, Preferably Marketing Related Courses • Fresh Graduate are welcome to apply • Computer Literate • Can work under pressure • With pleasing personality 4. SITE ENGINEERS • Male, not more than 35 years old • Must be a graduate of BS Civil Engineering or BS Architecture • Willing to be assigned in project site within the region • Fresh graduates are welcome to apply

5. MACHINE OPERATORS • Male, not more than 35 years old • At least High School/ Trade School graduate • With knowledge in plant production in a Manufacturing industry 6. WAREHOUSE/ INVENTORY CLERK

• Male, not more than 35 years old • Graduate of any business course • With knowledge in inventory 7. BENDERS/ HELPERS • Male, not more than 35 years old • At least High School graduate • Must be physically fit

8. ACCOUNTANT • Male/Female, not more than 35 years old • Graduate of BS Accountancy • Must be a Certified Public Accountant • With at least two (2) to three (3) years experience in General and Cost Accounting in a manufacturing industry • Adopt in preparation and analysis of financial statement • Well versed in local tax regulations and Proficient in understanding and Implementation of national internal revenue codes 9. ACCOUNTING CLERK • Male/Female, not more than 35 years old • Graduate of BS Accountancy • Fresh graduates are welcome to apply

Please submit application letter, comprehensive resume with 2x2 ID picture to: DN DISTRIBUTIONS CENTER, INC. DN DISTRIBUTIONS CENTER, INC. – CDO BRANCH – BUTUAN BRANCH HR Manager, Ralav Corp., 710 San Jose Sts., Butuan City email: ralav_corp@yahoo.com

MDN: Oct. 21-Nov. 20, 2013

Limbonhai Bldg., J. Pacana St. Licoan, Cagayan de Oro City Telephone No. (088) 855-3336 / (088) 855-3337 Fax No. (088) 231-4643 email: gbg_pmpi@yahoo.com

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AgriBusiness

Vietnam, Thailand bid for 500,000 MT rice imports VIETNAM and Thailand have tendered bids for the supply of 500,000 metric tons (MT) of rice under a government-to-government (G2G) scheme.

Cambodia, which signed a memorandum of agreement for the supply of rice to the Philippines, was invited to join the bid but failed to

submit a sealed offer, the National Food Authority (NFA) said on Wednesday afternoon. rice/PAGE 11

Commission on Appointments Hearing Congressman Rufus B. Rodriguez and the other members of the Commission on Appointments discuss the agenda for the day during a Commission on Appointments hearing in the Senate session hall. The members were set to confirm the appointments of various officials of the Armed Forces and various Ambassadors to different countries.

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Atlantic tuna quotas likely unchanged for 2014 CAPE TOWN - Annual fishing quotas for bluefin tuna in the East Atlantic and Mediterranean are likely to remain unchanged in 2014, an official for the wildlife conservation group WWF said Monday. S e r g i Tu d e l a , t h e head of fisheries in the Mediterranean for the WWF, told journalists outside the closed conference of the International Commission for the Conser vation of Atlantic Tunas (ICAT) that the quota would remain at 13,400 tons for the year. There was no official word of the decision as marathon talks prepared to close Monday. “For the East Atlantic and the Mediterranean the decision is not to increase the quota of bluefin tuna for next year,” Tudela said. “We are very happy that ICAT followed scientific advice and kept the quotas as they were.” Tudela said Japan and “contracting parties” had applied pressure to increase the size of the quotas by 400 tons. A delegation from the European Union had been steadfast in its position that the current quota be maintained. A s t o c k a s s e s s m e nt

would be done in 2014. Stocks of Bluefin tuna are thought to have fallen by at least 85 percent in the Mediterranean and eastern Atlantic, where they come to spawn in the warmer waters, since the start of the industrial fishing era. S om e 8 0 p e rc e nt of Atlantic bluefin tuna fished out of the Mediterranean ends up in the Japanese sushi market. The European Union agreed in 2007 to restrict the fishing of bluefin tuna in the hope of reviving dwindling stocks, a measure which hit some member nations hard. Fish stocks now seem to have stabilized, which a new scientific count is expected to confirm in February. Spain, Portugal, Italy, Greece and Malta favor increasing quotas, although the EU as a whole is opposed. Tu d e l a a d d e d t h a t the WWF was “very disappointed” that several proposals to strengthen the shark finning ban had been rejected. “There were very good proposals put on the table to strengthen the shark finning ban, but these were rejected,” he said. — Agence France-Presse

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Robinson’s biggest mall in Butuan City, an energizer of Caraga economy

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Learning to Love THINK

hink a minute…about love. It makes the world A Minute go around, right? By Jhan Tiafau Hurst The problem is that there doesn’t seem to be much going around! Most of us know that to love and be loved is what life is all about. So why is there so little real love in the world? Why h av e s o m a ny of u s n ot l e a r n e d h ow ? How d o I learn to love? It’s simple: until I have been truly loved by someone else, I don’t know how to truly love others. I know what you’re thinking: “No one has ever loved me like that! I m e an re a l l y l ove d m e a l l t h e t i m e w it h out conditions, just as I am.” Even our parents and spouse many times fail to love us that way. So how can I ever learn to love? I’ve got some very good news for you. Someone already has loved you like that! You just didn’t know it. We learn to love by seeing God’s love for us in Jesus Christ. Jesus loves you without conditions. No person in histor y has lived with such a perfect kind of love for others has Jesus Christ did. Real love cannot be done by slogans or songs. They cannot change our self-centered heart and nature. We all want real love, but none of us is able to give it. That’s why Jesus came: to show us what real love looks like. Jesus has given us the greatest picture and proof of His love for us—by giving His perfectly innocent life for all of our wrongs. So how do you learn to love? Just let Jesus love you. Ask Him to take charge of your heart and life ever yday. And as you receive His love and power ever y day, you’ll start learning how to love others like that; since you’ll always be getting the love you need from Him. Just Think a Minute…

Congratulations and thanks to Robinson Land Corporation for opening more malls which perk up the island’s economy. For the past three decades, Robinsons Malls has maintained a legacy of world-class standards in terms of design, facilities and services!

W

ith the opening of Robinsons mall in its chain, Robinsons Mall keeps Mall in Butuan City, Caraga in mind its corporate mantra of improvregion stands to benefit from ing and making life more meaningful for the positive economic chain reaction that the Filipino people. This is what makes follows every time that renowned malls every Robinsons Maller experience a way and superstores open in any town or city. of life that is truly satisfying, delightful Robinson malls is in the league with other and enjoyable. No wonder it has become giants of the country’s mall industry, ie. the mall of choice of millions of FilipiSM, Ayala, Puregold, Rustans, Gaisano.. nos. Today, its malls generate over 120 Owned and operated by Robinsons Land million visits annually. Corporation, Robinsons Malls is one of The recently opened mall in Butuan the largest and most successful chains of City is dubbed as the biggest and largest malls in the country today. Each commer- mall in Mindanao. It can house a hotel cial center in the chain is created from a and 200 tenants. It has a total land area of 78,948.48 square meters, a vision, developed into a concept, Editorial gross floor area of 40, 856.42 and carried out to perfection by a team of top-notch architects, engineers, square meters, and a gross leasable area and construction firms. To ensure 100% of 26, 143.58 square meters. customer satisfaction, each mall is spear- Already, it was assured by the manageheaded by a highly dynamic marketing ment that the Butuan mall is expected team and operated by service-oriented to house the biggest occupancy of all Robinson branches in Mindanao. and customer-oriented personnel. For the past three decades, Robinsons The Butuan City opening saw a very Malls has maintained a legacy of world- heart-warming and overwhelming recepclass standards in terms of design, facili- tion by the people and the support of ties and services. It is also guided by a the local government of Butuan. their strategic and market-driven tenant mix, support. “The number of people is so bringing together the best brands in the very overwhelming, and we are happy industry. From shopping to dining and that we have opened today since our sales recreation, it serves as a one-stop-shop just skyrocketed. We are even having a retail complex offering only the best hard time just trying to keep up with the deals and the finest options in every number of people buying and with our category. It also provides products and deliveries,” said the Robinson manageservices that address every shopper’s ment. needs. Alongside with that, it strives to Congratulations and thanks to Robinbe environmentally responsible through son Land Corporation for opening more its environment conservation program. malls which perk up the island’s economy. While putting into consideration ac- More branches are being planned all over cessibility, convenience, comfort, safety, Mindanao, and by next year Robins malls security, and fun as core essentials to every will rise in Tagum and Iligan.

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nov. 30 - Dec. 1, 2013

Microfinance During Challenging Times

hree weeks after Yolanda, the typhoon-ravaged areas are gradually getting back on their feet. The focus has shifted from giving relief to survivors to providing them jobs and livelihood opportunities so that they can rebuild their lives. This is primarily the task of the government, but everyone can still lend a hand. One sector that is expected to play a crucial role in this goal is the microfinance community. Microfinance institutions (MFIs) such as rural banks, cooperatives, microfinance non-government organizations (NGOs), and lending companies provide financial services and products to households with very limited means and resources. Through these MFIs, even poor Filipinos can apply for loans to start or sustain small-to-medium enterprises, or open savings accounts to prepare for the future. Having lost most if not all that they owned in the recent disaster, typhoon survivors can very well take advantage of the services of these institutions. The role of microfinance in challenging times – such as what the country is going through now – was the topic of an event conducted by the Inclusive Finance Advocacy Staff (IFAS) of the Bangko Sentral ng Pilipinas (BSP) last Wednesday (November 27). Among those who attended the whole-day event were were Sen. Sergio Osmeña IIII, former Philippine Prime Minister Cesar Virata, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco, Jr., Department of Social Welfare and Development (DSWD) Undersecretary Parisya H. Taradji, BSP Monetary Board Members Peter B. Favila and Armando L. Suratos, former BSP Monetary Board Member Cesar A. Buenaventura, and representatives from the banking and microfinance industries, donors, and NGOs. The program highlighted the importance of multistakeholder partnerships in promoting and developing microfinance in the Philippines. In her presentation on the Sustainable Livelihood Program of the government, DSWD Director Georgina Ann H. Hernandez mentioned how their partners from the private sector and NGOs have helped the agency empower impoverished families through initiatives in values and skills formation, market linkage, credit and savings, and employment facilitation. Another collaboration cited was the Microfinance Data Sharing System (MIDAS), where MFIs share information and records to address the concern on over-indebtedness among their clients. During the event, the Bankers Institute of the Philippines (BAIPHIL), Rafael B. Buenaventura Foundation, and the PinoyME Foundation also entered an agreement for a MFI Capability Building Program. Likewise, the DSWD, Alalay Sa Kaunlaran, Inc. (ASKI), and the Center for Community Transformation signed a pact for various partnerships in

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Opinion

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microfinance. The program, which also O ut served as a tribute to the late By Ignacio Bunye former BSP Governor Rafael “Paeng” B. Buenaventura a staunch advocate and a pioneer of microfinance in the country – also featured the very first awarding of the Paeng Microfinance Awards. Five MFIs were honored for their pioneering, innovative, and sustainable practices that have enabled them to uplift the lives of their clients. ASKI was awarded for its community development program that showed that it is more than just a lending institution. Cantilan Bank, Inc., on the other hand, was praised for its Super Savers’ Club product, which has been an effective tool in promoting financial literacy among children. The First Agro-Industrial Rural Bank, Inc. (FAIRBank, Inc.), meanwhile, was awarded for its micro insurance product, that has helped families in time of bereavement. The Bank was also applauded for operating immediately after Yolanda, despite the damage in their offices and the homes of its employees. Kasagana-ka Development Center, Inc. was commended for instilling the importance of health among its clients and training them to become “health cadets.” The Tulay sa PagUnlad, Inc., for its part, was honored for helping improve the living conditions of its clients through its Housing Sanitation Water and Electrical Connection Loan. As a prize, the winners will receive technical assistance from the BAIPHIL, which will guide them in improving and developing their capacity to be commercially sustainable. It has only been a little over a decade since the BSP was mandated by the law to recognize microfinance as a priority endeavor, but we can already see its impact in poverty alleviation. Indeed, during these challenging times, we need to support the industry even more. BSP Deputy Governor Nestor A. Espenilla, Jr, said it best in his welcome remarks during the event: “No calamity should discourage the microfinance sector from continuing to provide better, more sustainable services to clients and their families. Typhoon Yolanda highlighted the need for every sector of society - including the microfinance industry - to work closely together for the benefit of our most vulnerable countrymen.” Note: My book, Central Banking for Every Juan and Maria is now available in main branches of Fully Booked, Power Books, National Book Store, and University of the Philippines Press.

Finding Meaning and Beauty

y the time this column sees print, we most likely will have begun the liturgical season of Advent. It marks the onset of a new liturgical year, having ended the previous one with the celebration of the Solemnity of Christ the King on November 24. It’s good to remember that our life here on earth assumes a cyclical character, with beginnings and endings, in a spiral that hopefully will launch us into our definitive life in eternity with God in heaven where the day is endless since “there shall be no night there,” (Rev 21,25) and “where God shall wipe away all tears from our eyes.” (7,17) It’s good that we from time to time remind ourselves of this character of our earthly life, since we often are so overtaken with our earthly and temporal affairs that we forget the eternal dimension and destination of our life. As the Letter to the Hebrews says it, “For here we have no lasting city, but we seek the city which is to come.” (13,14) We need to sharpen that sense of longing and preparation for that “city which is to come,” not out of fear, but rather out of love. That is why we have always been encouraged to consider in a regular fashion the so-called “Last Things,” namely, death, judgment, hell and heaven, so that we can get a global and even cosmic picture of our life, hopefully leading us to distinguish between what is essential and the incidental, and to know how to relate every earthly and temporal affair of ours to our eternal destiny. We need to see to it that we are on track, that we are both faithful and persevering in pursuing our ultimate and permanent goal. We cannot deny that there will be trials and challenges, successes and failures in the ebb and flow of our life. We just have to see to it that we are not lost, and that if we deviate a little or a lot from the path, we know how to return. There’s always hope. And if we stick to our Christian faith, we know that all the means for

HINTS

us to pursue our goal, no matter what the vagaries of and Traces life are, are provided for in By Fr. Roy Cimagala abundance. One tool we can use to be realistic about this duty of ours is to develop the practice of daily examination of conscience. Usually done at the end of the day, just before going to bed, it allows us to monitor how things went during the day, practically giving us a good idea of whether we are still on track or already deviating from it. The examination of conscience is a wonderful moment of ending everything with God every day. After all, God is everything to us, and we should realize that we need to be with him at the end of the day, no matter how we were during the day. It’s a need that we have to be more conscious of, since it is a need that often is not felt and perceived by the senses, or by the body in general, but rather by the spirit, by our mind and heart enlightened by faith. It’s a need that is often ignored and even rejected by many worldly concerns, trends, fashions, ideologies and political systems. If ever it is considered, it is often confined in strictly religious context, and is practically not given any place in our temporal and mundane activities. The examination of conscience is a very helpful tool in our effort to be faithful and persevering in our earthly pilgrimage toward our eternal goal. There we make a proper closure to our day as we enter our daily rest at night. And this is also something that we have to be clear about. Our rest should not just be understood as a physical cimagala/PAGE 10

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A different Xavier Festival Day

Expect no fireworks this year. If the events of this month are any indication, the XU community is hinting on a different Xavier Festival Days. In fact, it won’t be Xavier Days anymore but Xavier Day. Just one day of celebration. “In light of the enormous suffering and needs of the victims of Super Typhoon Yolanda, we are significantly simplifying this year’s celebration of the feast of our patron, St Francis Xavier,” writes Fr Roberto Yap SJ, president of XU in his letter to the community. It will be a much toned-down yet a more meaningful Xavier Festival Day (XFD) on Dec 2, beginning with a Wreath-Laying Ceremony at the statue of St Francis Xavier at 8 am then a Eucharistic Celebration at the University Church at 8:30. Like before, XFD goers can still look forward to an opening showcase filled with song and dance. This will serve as the main fanfare in the morning. Band performances, competitions and film showings will keep visitors and guests occupied in the afternoon. The XU Grade School will have its field demonstration, Xavier Center for Culture and the Arts will feature Goethe Institute’s Scientific Film Festival, Dulaang Atenista will perform improvisational theater and The Xavier Stage will be restaging their adaptation of William Shakespeare’s “A Midsummer Night’s Dream” as fund raising for Tabang Visayas. At night, the University Church, Belen and a Tree of Hope will be lighted. The Himig Atenista Finals Night will close the affair. With a much simplified celebration, “Savings… will be remitted to Tabang Visayas. We will also encourage everyone to bring some relief goods as an entrance ticket of sorts to XFD,” exhorts Fr Yap. Three points guide the XFD celebration this year: the Mission to go to the frontier and form persons grounded in the heart, the Passion for magis (more) in all things being done, and Compassion shown in the Ignatian value of cura personalis (care for the entire person). As it is also the University’s 80th anniversary, Ivanell Subrabas, chair of the XFD Executive Committee, explains the theme of XFD, “Leading the Ateneo Way.” “This year’s celebration focuses on our 80 years of forming leaders who have blazed the trail and helped shape the growth of Northern Mindanao and its neighboring regions. It also highlights the fact that XU, being a leader institution, continuously contributes to the development of our nation and the world through the continuing formation of its students and alumni,” he says. With our recent experience of natural calamities, the theme is also a call of the times. It is a challenge to everyone at XU. As Fr Yap puts it, “Leading the Ateneo Way means consoling those who suffer and showing an effective love that is greater than a super typhoon.”

Advertising and Editorial E-mail : businessdailymindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor: Shaun Uy

The Night Stalker:

Seda celebrates 1st year anniversary with Christmas Holidays room packages

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agayan de Oro’s selfstyled Urban Lifestyle Hotel is celebrating the Yuletide Holidays with four unique room packages as a yearend treat to its loyal guests and patrons. “We have a Daily Holiday Rate for our regular guests, Weekend Holiday Rate for our weekend patrons, Christmas Package for those who wish to spend an unforgettable Christmas with us, and a New Year’s Eve package for those who wish to greet the New Year in style,” said Lorenzo Tang, hotel manager. The all-inclusive Daily Holiday Rate of P4,300 nett for a Deluxe Room booked any day from Dec. 1-31, 2013 includes buffet breakfast for two at Misto, complimentary WiFi, use of facilities plus two movie vouchers to any of the four cinemas of the Centrio Mall. The Weekend Holiday Rate

of P3,900 nett for a Deluxe Room offers the same package of inclusions but is good only for Fridays, Saturdays and Sundays of December, 2013. The Christmas Package Rate of P5, 000 nett for a Deluxe Room on Dec. 24-26 covers buffet breakfast for two at Misto, complimentary wife and use of the facilities plus a complimentary set dinner with glass of wine for 2 with a Special Christmas Amenity at Misto. The New Year’s Eve Package Rate costs the same as the Christmas Package with the same inclusions but is only good for December 31, 2013. Seda Centrio celebrates its 1st year anniversary on 29 December and will have a special intro rate of P3, 450 nett only for bookings made on this day. The hotel will hold a small cocktail reception for its hotel guests for that day.

Styled as “The Urban Lifestyle Hotel”, Seda Centrio redefines the concept of urban living, daring to delve into uncharted territory. It has carved its own path in creating the ultimate luxury haven, constantly striving to surpass even the most demanding of tastes and standards. “We have achieved the impressive feat of balancing the best qualities of boutique, chain and business hotels in our accommodations, offering a sanctuary that capably suits your savvy lifestyle,” Mr. Tang noted. Situated astride the central business districts of Cagayan de Oro, Seda sets its guests closest to the most exciting destinations. With its attractive qualities of stylish spaces and prime location, you’ll be hard put in finding a more lavish retreat. For inquiries/reservations, please call (63) (88) 323-8888 or email cdo@sedahotels.com

UCPB Launches Promo for Smartphone Users UCPB, one of the country’s leaders in electronic banking innovations, recently rolled out its Mobile Phone Banking promo allowing customers to win today’s newest and hottest mobile gadgets by simply performing various banking transactions using the UCPB Mobile Banking App. The promo is open to all UCPB accountholders who are active users of the Mobile Phone Ban king App. For every five (5) mobile banking transactions, a customer gets 1 raffle entry. Two (2) units of iPad 2, one (1) unit of iPhone 4s, and a Samsung Galaxy S4 will be given away to the

lucky winners. Promo runs until Feb 14, 2014. Raff le draws will be on Dec. 19, 2013, and Jan. 19 and Feb. 17, 2014. “We launched the promo to encourage our clients to try and experience a more convenient way of transacting. We created t he mobile phone banking app as part of the bank’s commitment to provide comprehensive online banking services to our clients anytime, anywhere—whether they want to transfer money, inquire account balances, pay bills or purchase mobile load. With the UCPB Mobile Phone Ban king App, the

nearest UCPB branch is in their pocket,” said Norman Martin C. Reyes, UCPB Senior Vice President and Head of Marketing Group. To access the App, clients should en roll in UCPB’s Ret ail I nte r net Ba n k i ng Service, the UCPB Connect, through www.ucpb.com. The UCPB Mobile Banking App works on Java, Android or Apple devices, and can be dow n loaded th roug h the App Store and the Google PlayStore. Wit h a mult i- cha n nel ser vice deliver y net work consisting of 188 branches, 2 8 9 AT M ’s , t e l e p h o n e

banking and internet banking facilities, UCPB now has a new capability to meet the needs of its g rowing customers inside and outside the count r y, and provide critical services 24/7 through the UCPB Mobile Banking App. E s t a bl i she d i n 1963, UCPB was the first private Philippine bank to become a universal bank. It is the leading provider of financial products and ser vices to cor porations, private and gover n ment i nst it ut ions, middle market companies, small-a nd-med iu m-si zed businesses and individuals.

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nov. 30 - Dec. 1, 2013 Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 16, Tangub City OFFICE OF THE CLERK OF COURT AND EX-FFICIO SHERIFF NOTICE OF EXTRA-JUDICIAL SALE EJF-2013-007

CAGAYAN DE ORO Main Branch P & J Lim Bldg., Tiano Brothers – Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN Branch B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES Branch Corrales Ave., Cagayan de Oro City DIVISORIA Branch Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN Branch Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739a Republic of the Philippines SUPREME COURT REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE File No. 2013-318 Upon Extra Judicial Petition for Sale under Act 3135 as amended by Act no. 4118, filed by SOCIAL SECURITY SYSTEM, an institution created pursuant to the provisions of Republic Act no. 1161, as amended, with principal office at East Avenue, Quezon City, Metro Manila and with branch office at Carmen, Cagayan de Oro city, against SPOUSES JESUS P. GARCINES AND JOAN BASADRE GARCINES, with postal address at No. 8, Zone 2, Pasil, Kauswagan, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of July 1, 2013 amounts to SEVEN HUNDRED THIRTY SEVEN THOUSAND SIX HUNDRED FORTY PESOS & 59/100 ( P737, 640.59 ) , Philippine Currency, exclusive of other fees, charges and other necessary fees and expenses of Extra – Judicial Foreclosure and Sale, the undersigned Sheriff will SELL at public auction on DECEMBER 16, 2013 at 10:00 o’clock in the morning or soon thereafter at the Court Room of Regional Trial Court, Branch 39, 2nd Floor, Hall of Justice Bldg., Arch. S. Hayes Street, Cagayan de Oro City to the Highest bidder, for CASH and in Philippine Currency, the real property mortgaged together with all improvements thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T – 48686 Registred in the name of SPS JESUS P. GARCINES AND JOAN GARCINES “A PARCEL OF LAND ( Lot 1418 – E, Psd – 10-009322, being a portion of Lot 1418, Cad – 237, Cagayan Cadastre ). Situated in the Barrio of Kauswagan , City of Cagayan de Oro, Island of Mindanao. Bounded on x x x. Beginning at x x x; containing an area of Two Hundred Eighty Two ( 282 ) Square Meters, more or less. ” Prospective buyers/ bidders may investigate for themselves the title herein – above described and encumbrances thereon, if any there be. All sealed bids must be submitted to the undersigned on the above stated date, time and place. In the event the public auction should not take place on the said date for whatever reason, the same will proceed on the following working day, without further notice, posting and publication. Cagayan de Oro City, November 12, 2013. FOR THE EX-OFFICIO PROVINCIAL SHERIFF BY: (Sgd.) JOSEPH C. MAAGAD Sheriff IV BWM: Nov. 23, 30 & Dec. 7, 2013

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 17 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA – JUDICIAL SALE FILE NO. 2013-323 Upon extra-judicial petition for sale under Act No. 3135 filed by SOCIAL SECURITY SYSTEM, mortgagee, with office at Carmen, Cagayan de Oro City, against SPS. SALUSTIANO SARABIA and CELSA I. SARABIA, mortgagors, residing at 1201 Zone 4, Agusan, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of November 1, 2013, amounts to FIVE HUNDRED TWO THOUSAND THREE HUNDRED SIX PESOS & 56/100 ( P 502.306.56 ), excluding penalties, charges, attorney’s fees and expenses of foreclosure, the undersigned or her duly authorized deputy will sell at public auction on December 18, 2013 at 10:00 A.M. or soon thereafter at the office of the Clerk of Court, Regional Trial Court, Branch 17, Hall of Justice, Cagayan de Oro City to the highest bidder, for cash or manager’s check and in Philippine Currency the following property with all improvements, to wit: TRANSFER CERTIFICATE OF TITLE NO. T – 43396 “A PARCEL OF LAND ( Lot 19454-A-6-B, Psd-10-005330, being a portion of Lot 19454-A-6, Psd-10-001003 ) situated in the Barrio of Agusan, City of Cagayan de Oro, Island of Mindanao. Bounded on the NW., along line 4-1 by Lot 19454-A-6-C of the subd. Plan Psd-10-005330; x x x . . . . Containing an area of Three Hundred ( 300 ) square meters, more or less.” All sealed bids must be submitted to the undersigned on the above stated date, time and place. In the event the public auction should not take place on December 18, 2013 for whatever reason, the public auction will proceed on the next working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title herein above described and encumbrances thereon, if any there be. Cagayan de Oro City, November 8, 2013. (Sgd.) FE O. BONTUYAN – BULARON Sheriff IV

Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118 filed by LUPEL MARKETING CORPORATION, C/O Atty. Andres V. Fernandes, OZAMIZ CITY, against Florencio Santos, Angelina, Buena, Porferia, Ruem, Ami, Naida, Purita and Radie and surnamed Bagaboyboy to satisfy the mortgage indebtedness which as of March 14, 2012 amounts to Two Million Two Hundred Eleven Thousand Five Hundred Twenty One Pesos and Seventy Four Centavos Only (Php 2,211,521.74) excluding interest, attorneys fees, and other lawful fees for the service of foreclosure, the undersigned Sheriff will sell at public auction on December 17, 2013 at 10:00 o’clock in the morning or soon thereafter at the office of the Clerk of Court, Regional Trial Court, Br. 16, Tangub City, to the highest bidder in cash, Philippine Currency the herein mortgage properties to wit: TAX DECLARATION NO. 16599 A parcel of cocoland known as Lot No. 774-parts, situaated at Marcos, Tangub City. Bounded on the North by Brgy. 031; on the East by Labuyo creek ; on the South by Lot No. 001 and on the West by Brgy. 013. Containing an of 7.0000 square meters more or less. TAX DECLARATION NO. 18406 A parcel of cocoland known as Lot No. 774-A-8, situated at Aquino, Tangub City. Bounded on the North by road; on the East by Creek; on the South by Lot No. 027 and on the West by Lot No. 028. Containing an area of 1.7089 square meters more or less. TAX DECLARATION NO. 18405 A parcel of cocoland known as Lot No. 774-A-9 situated at Aquino, Tangub City. Bounded on the North by Lot No. 024; on the Eas by Lot No. 004; on the South by school road and on the West by Lot No. 035. Containing an area of 1.6416 square meters more or less. TAX DECLARATION NO. 18412 A parcel of cocoland known as Lot No. 774-A-3, situated at Aquino, Tangub City. Bounded on the North by Lot No. 031; on the East by creek; on the South by Lot No. 033 and on the West by Lot No. 02-002. Containing an area of 1,7089 square meters more or less. TAX DECLARATION NO. 18407 A parcel of cocoland known as Lot No. 774-A-7, sutuated at Aquino, Tangub City. Bounded on the North by Lot No. 026; on the East by Creek; on the South by Lot No. 029 and on the West by Lot No. 028. Containing an area of 1.7089 square meters more or less. TAX DECLARATION NO. 18408 A parcel of cocoland known as Lot No. 774-A-10, situated at Aquino, Tangub City. Bounded on the North by Lot No. 007, road; on the East by Lot Nos. 026,027,029; on the South by Lot No. 02-002; and on the West by raod. Containing an area of 1.1457 square meters more or less. TAX DECLARATION NO. 18404 A parcel of cocoland known as Lot No. 774-A-11, situated at Aquino Tangub City. Bounded on the North by national road; on the East by road; on the South Lot No. 02, 001; and on the West by Lot No. 774-T. Containing an area of 5632 square meters more or less. TAX DECLARATION NO. 18413 A parcel of Cocoland known as Lot No. 774-A-2, situated at Aquino, Tangub City. Bounded on the North by Lot No. 032; on the East by creek; on the South by Lot No. 02-018 and on the West by Lot No. 02-002. Containing an area of 1.7089 square meters more or less. TAX DECLARATION NO. 18410 A parcel of cocoland known as Lot No. 774-A-5, situated at Aquino, Tanugb City. Bounded on the North by Lot No. 029; on the East by creek; on the South by Lot No. 031; and on the West by Lot No. 02-002. Containing an area of 1.7089 square meters more or less. TAX DECLARATION No. 18409 A parcel of cocoland known as Lot No. 774-A-6, situated at Aquino, Tangub City. Bounded on the North by Lot No. 027; on the East by creek; on the South by Lot No. 030 and on the West by Lot Nbo. 028. Containing an area of 1.7089 square meters more or less. All sealed bids must be submitted to the undersigned on the above stated time, date and place of auction sale. In the event that the public auction should not take place on said date or there is noly one bidder, it shall be held on December 20, 2013 at the same time & place without further notice. Bidders are enjoined to investigate for themselves any encumbrance on the herein properties if any there be. October 17, 2013, at Tangub City, Philippines.

FOR THE EX-OFFICIO SHERIFF:

By: (Sgd.) WILLIAM C. ARANIEGO Sheriff IV

Republic of the Philippines Regional Trial Court of Misamis Oriental 10th Judicial Region Branch – 20 Cagayan de Oro City NENA dela TORRE, represented by SPL. PROC. CASE NO. 2013-092 ATTY. ALEJANDRO JOSE PALLUGNA Petitioner, -versusNORMA S. DIPUTADO, LOCAL CIVIL PETITION FOR DECLARATION OF REGISTRAR OF CAGAYAN DE ORO DEATH OF RAUL dela TORRE CITY, Respondent, x---------------------------------------------/ ORDER Finding the petition for declaration of presumptive death of RAUL dela TORRE to be sufficient in form and substance, the same is hereby set for hearing on January 15, 2014 at 8:30 o’clock in the morning before this Court, at Room 113, Hall of Justice, Cagayan de Oro City. At the expense of the petitioner, let this Order be published in a newspaper of general circulation in the city of Cagayan de Oro and the Province of Misamis Oriental at least once a week for three consecutive weeks. Let copy of this Order and Petition be furnished upon the Solicitor General at Makati City, and the City Prosecutor of Cagayan de Oro City for them to appear in behalf of the state.

SO ORDERED.

Done this 6th day of November 2013, at Cagayan de Oro City, Philippines.

(Sgd.) BONIFACIO M. MACABAYA Presiding Judge

BWM: Nov. 16, 23 & 30, 2013

BWM: Nov. 23, 30 & Dec. 7, 2013

BWM: Nov. 23, 30 & Dec. 7, 2013

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Trading... from page 2

interest is defined as the total number of derivatives contracts which were not settled in a previous trading session. The previous record was set on March 26 when open interest was 23,429 lots. C h r i s topher Fi x, c h ie f executive of the DME, said

“The new record today marks another success for the Oman Crude Oil Futures contract and indicates the trust we have gained from traders around the globe.” “This achievement directly ref lects the robustness of our offering and we believe DME is well positioned to break yet more records in the near future,” Fix said. The DM E , t he on ly oi l

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL Branch 25 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE EJF FILE NO. 2013-327

Upon Extra-Judicial petition for sale under ACT 3135 as amended filed by BANGKO RURAL NG TAGOLOAN ( Mis. Or. ) Inc. Mortgagee, against SPS LESSIUS L. RAVIDAS. and VERNA M. RAVIDAS, Mortgagors residing at # 106 Purok 8, Tablon, Cagayan de Oro City to satisfy the mortgaged indebtedness amounts to ONE MILLION FOURTEEN THOUSAND TWO HUNDRED NINE PESOS & 67/100 ( P 1, 014, 209.67 ) as an outstanding total loan balance due as of 5-23-11, and shall pay twenty ( 20%) percent of the amount due on the note as attorney’s fee which shall in no case be less than Five Hundred Pesos ( P 500.00 ), exclusive of all costs & fees allowed by law and stipulated in the Mortgage Contract, plus five ( 5% ) per cent per month and five ( 5% ) penalty no the past due loans as provided for by Moneboard; and all other necessary expenses incident to the enforcement of the sale, the undersigned Sheriff will sell at public auction on January 23, 2014 at 10:00 A.M. or soon thereafter at Regional Trial Court, Branch 25, Arch, Hayes Street, Hall Of Justice, Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the herein described property, to wit: TRANSFER CERTIFICATE OF TITLE NO. T -47964 “A PARCEL OF LAND ( Lot 19098-B-1, Psd-10-007087, being a portion of Lot 19098-B, ( LRC ) Psd - 258669 ), situated in the Barrio of Tablon , City of Cagayan de Oro, Island of Mindanao. Bounded on the NE., along line 4-5 by Lot 19098-B-3., on the SE., along line 5-1 by Lot 19098-B-2, both of the Subdivision Plan Psd-10-007087., on the SW., along line 1-2 by Lot 19098- A, ( LRC) Psd-258669,, on the NW., along line 2-3 by Lot 19096., along line 3-4 by Lot 19096, both of Cad-369-D, Cagayan Cadastre Extension. Containing an area of SIX HUNDRED FIFTY FOUR ( 654 ) SQUARE METERS, more or less, including all existing improvements found thereon, Registered in the name of LESSIUS L. RAVIDAS married to VERNA M. RAVIDAS.” TD NO. C – 032478 PIN NO. 164 – 02 – 045 – 07 – 016- B – 1 “A PARCEL OF One ( 1 ) Unit of Residential Building erected on the same Lot. Containing an area of SIXTY NINE pt. FOURTY ( 69.40 ) square meters more or less. Owned and declared for taxa-purposes in the name of LESSIUS L. RAVIDAS & VERNA M. RAVIDAS, with assessed value of TWENTY TWO THOUSAND FOUR HUNDRED THIRTY PESOS ( 22, 430 ) and described as follows: RC, CHS, PC PLYWOOD, MARBLE, SLABS, FLUSH DOORS, ROOF – G.I.” All sealed bids must be submitted to the undersigned on the above stated, time and place. In the event the auction sale cannot take place for whatever reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers/bidders may investigate for themselves the title herein described property and encumbrances thereon, if any there be. Cagayan de Oro City, November 20, 2013 FOR THE PROVINCIAL EX – OFFICIO SHERIFF: (Sgd.) LOVE M. VERDADERO

Sheriff IV

BWM: Nov. 30, Dec. 7 & 14, 2013

REPUBLIC OF THE PHILIPPINES SUPREME COURT REGIONAL TRIAL COURT 10th Judicial Region Branch 42 Medina, Misamis Oriental -oOoIN THE MATTER OF ADOPTION, OF THE MINOR RINZ SALVADOR CO WITH CHANGE OF NAME TO RINZO SENERPIDA ACENAS,

FC SP. PROC. CASE NO. 004 - M

SPOUSES NOEL SALVACION ACENAS and RIZ SENERPIDA ACENAS Petitioner, x---------------------------------------------/ ORDER On February 7, 2013, petitioners SPOUSES NOEL SALVACION ACENAS & RIZ SENERPIDA ACENAS, through their counsel Atty, Pedro Q. Polinar, filed a petition to adopt minor RINZ SALVADOR CO, who will then use the complete name RINZO SENERPIDA ACENAS, if the petition is granted. On September 13, 2013, petitioners - spouses submitted proof of its compliance with R.A. 9523, as directed in the February 25, 2013 Order. Since the petition and its attachments are substantially sufficient in form and substance, the petition shall be heard on March 18, 2014 at 8:30 o’clock in the morning , at Regional Trial Court – Branch 42, Medina Misamis Oriental. At petitioner’s expense, let copy of this Order be published before the date of hearing at least once a week for 3 successive weeks in Business Week, a newspaper of general circulation in the province of Misamis Oriental. The Court Social Worker Ms AIDELIZA JUSON LUMBATAN is hereby ordered to prepare and submit the Child Study Report and Home Study Report before the hearing date. Upon receipt of this order, the petitioner’s & or their counsel should immediately coordinate with the Court Social Worker for the preparation of the reports. Further, Court Social Worker Ms AIDELIZA JUSON LUMBATAN is directed to conduct counselling session/s with KEMBERLY B. CO and submit her report before the hearing date. Let a copy of this Order be furnished to the Office of the Solicitor General, through the Office of the Provincial Prosecutor – Province of Misamis Oriental, the Department of Social Welfare & Development – Field Office No. 10 through its Regional Director, and Kemberly B. Co, the biological parent. Lastly, notify the Solicitor General of the hearing date, since there is a prayer for change of name. SO ORDERED. Done in Chambers on September 24, 2013 in the Municipality of Medina, Province of Misamis Oriental. (Sgd.) JUDY A. SIA GALVEZ Presiding Judge

BWM: Nov. 30, Dec. 7 & 14, 2013

derivatives bourse in the Middle East by international standards, is mostly used by Asian oil traders as the flagship contract on Oman oil ref lecting the market circumstances in the Middle East.(PNA/Xinhua)

Globe... from page 3

double-digit growth performance over the last few quarters,” reiterated Raul Macatangay, Head of Globe Postpaid Business and Devices. Striving to end the year on a high note, the telco’s postpaid segment recently unveiled the iPhone Forever, an upgrade program that allows new and existing subscribers to have the latest iPhone every year for P1,599 per month. Subscribers can also avail of the newest iPhones under mySUPERPLAN for P1,349 monthly.

Energy... from page 3

the Department of Energy to acquire a fourth concession located in Sorsogon. “The company believes that it has developed a well-balanced portfolio consisting of short-term cash flow producing projects (Indonesia Redevelopment) and medium to long term more economically-robust projects (gas in Mindoro and geothermal project in Mabini) that would ensure sustainability and eventual m aj o r g r ow t h f o r t h e company,” De Venecia said.

Maybank... from page 4

more before the end of the year. The bank plans to open 25 branches every year until it reaches its target of 200. “We have set a target of 200 branches. We think it’s a

size that allows to cover the country, to build the brand and scale up,” Famatigan said. Maybank is Southeast Asia’a fourth largest bank with $165 billion in assets and is the world’s 13th strongest lender.

Oldest...

from page 4 31,000 at the end of 2011 to 23,000 by the end of the period. The lender also hopes to boost its internet use, increasing the number of web customers from a current 1.0 percent to 10 percent, it said in a statement. The bank said it aimed to cut costs by 713 million euros ($969 million) from 2012, and is aiming for a net profit of 900 million euros in 2017. It confirmed borrowed funds would be repaid to the European Central Bank by the deadline in 2015.

Cimagala... from page 7

r e s t . It h a s t o r e f l e c t t he re st of G o d t hat is mentioned in the narrative of the creation of the world where on the seventh day, he rested. Rest, for us, is much more than just a physical need. It has a primarily t h e ol o g i c a l d i m e ns i on . Rest has to be resting with God. It has to reflect God’s rest which means that he admired ever ything that he did in his creation and entered into communion with them. Our rest, which we do daily in our sleep at night, should correspond to God’s rest with us and with all his creation. It has to be our part of the communion that is meant to take place between God and us.

Congressman Rufus Rodriguez of the second district of Cagayan de Oro City gives the Boy Scout hand salute to scouts of a school in barangay Agusan. The congressman was asked by the school officials to join the scouting event Thursday during his visit to the barangay. photo by gerry lee gorit Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region BRANCH 38 Cagayan de Oro City

OFFICE OF THE CLERK OF COURT AND EX – OFFICIO SHERIFF

NOTICE OF EXTRA – JUDICIAL SALE File Number 2013 – 328 UPON EXTRA – JUDICIAL PETITION FOR SALE under ACT 3135, as amended by Act No. 4118, filed by BANGKO RURAL NG TAGOLOAN ( Mis. Or. ), INC., with office at Door 6, Mortola Bldg., J.R. Borja St. Cagayan de Oro City, against SPS. EMMA B. RODRIGUEZ & EDUARDO E. RODRIGUEZ, residents of Looc, Salay, Misamis Oriental, to satisfy the mortgage indebtedness which as of September 21, 2011, amounts to Four Hundred Fifty Thousand Eight Hundred Forty Five Pesos & 83/100 (Php 450, 845. 83), Philippine Currency, as principal, interest, charges, attorney’s fees and expenses of foreclosure, the undersigned Sheriff or his deputies will sell at public auction on JANUARY 20, 2014, at 10:00 A.M. TO 4:00 P.M. or soon thereafter at the office of the Regional Trial Court, Branch 38, 2nd Floor, Hall of Justice, Hayes Street, Cagayan de Oro City, to the highest bidder, for cash and in Philippine Currency, the following real property, with all improvements found thereon to wit: “KATIBAYAN NG ORIHINAL NA TITULO Blg. P – 32183 TD NO. 0808000904164 PIN – 052 – 08 – 0009 – 012 – 40 A PARCEL of LAND, Lot No. 4508, Case – 4, Cad. 362 - D situated at Barrio Looc, Municipality of Salay, Province of Misamis Oriental, Island of Mindanao. Bounded on the NE., along line 1-2 by lot 3830; on the SE., along line 2-3 by lot 4393, on the South along line 3 -4 by lot 4391 along line 4 – 5 -6 by lot 4390, along line 6 -7 by lot 4388, along line 7 – 8 – 9 – 10 by lot 3829; on the West along line 10-11 by lot 3826 along line 11 – 12 by lot 3825; on the NW., along line 12 – 13 – 14 – 15 – 16 by lot 3820, all of Cad. 362 – D Salay Cadastre. XxX, containing an area of Fourteen Thousand Four Hundred Seventy Two (14, 472) square meters, more or less. All sealed bids must be submitted to the undersigned on the above stated date, time and place. In the event the public auction should not take place on the said date for whatever reason, the same will proceed on the following working day without need of further notice, posting and publication. Prospective buyers/ bidders may investigate for themselves the title of the property above described and encumbrances thereon, if any there be. Cagayan de Oro City, November 18, 2013

NOTICE OF EXTRA JUDICIAL SALE EJF File No. 2013 – 290 “Upon extra judicial petition for sale under Act No. 3135 as amended by Act. No. 4118 filed by HOME DEVELOPMENT MUTUAL FUND ( PAG – IBIG ), against JOMEBER G. LOGRONO, of Block 6 Lot 11, Mindanao Homes, Pagatpat, CAGAYAN DE ORO CITY to satisfy the mortgage indebtedness which as of September 23, 2013 amounts to TWO HUNDRED TWENTY THOUSAND SEVEN HUNDRED EIGHTY PESOS AND 9/100 ( PHP 221.782.09 ), including interests and penalty, charges, attorney’s fees and expenses of foreclosure, the undersigned will sell at public auction on January 15, 2013 at 10:00 A.M. to 4:00 P.M. AT THE REGIONAL TRIAL COURT, OFFICE OF THE CLERK OF COURT, HALL OF JUSTICE, Hayes – Mortola Streets, Cagayan de Oro City to the highest bidder, for cash or manager’s check and in Philippine Currency, the following property described below including all existing improvements found thereon, to wit: TCT NO. T – 116790 A PARCEL OF LAND ( Lot 11, Block 6, PCS – 10 -001793, being a portion of Lot all resultant Lots of Blocks 1 to 10 and Road Lots 1 to 9 of Psd – 10 – 024527 ). Situated in the Barrio of Pagatpat, City of Cagayan de Oro, Island of Mindanao, containing an area of SEVENTY TWO (72 ) square meters more or less, registered in the name of JOMEBER G. LOGRONO. All sealed bids must be submitted to the undersigned on the above stated, time and date. In the event auction sale cannot take place for whatever reason , the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title herein – above described and encumbrances thereon, if any there be.

FOR THE EX OFFICIO PROVINCIAL SHERIFF: (Sgd.) REYNALDO L. SALCEDA Sheriff IV

Cagayan de Oro City, October 22, 2013.

BWM: Nov. 30, Dec. 7 & 14, 2013

BWM: Nov. 30, Dec. 7 & 14, 2013

(Sgd.) AL PONCIANO R. DATU Sheriff IV

BusinessWeek MINDANAO

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nov. 30 - Dec. 1, 2013

Economy... from page 1

the same period last year, mainly backed by the 9.7-percent growth of the manufacturing sector. Manufacturing growth was supported by the whopping 135.2-percent expansion in chemical and chemical products. Other strong contributors during the period were basic metal industries, furniture and fixtures, and non-metallic mineral products. “It should also be noted that the manufacturing subsector appears to have inched towards diversification and away from previous concentration on food manufactures,” said Balisacan, also the National Economic and Development Authority (NEDA) Director General. He said capital formation, which grew by 15.6 percent, also sustained its double-digit growth since the first quarter of this year. Balisacan said investment in durable equipment jumped 22.3 percent, driven by expectation of higher demand particularly for air transport services, “supported by our campaign to promote tourism as a major driver of economic growth.” Meanwhile, Balisacan said the July to September GDP is the fifth consecutive quarter that growth was at least 7 percent. He said the robust economic growth was also buoyed by the expansion in consumer spending, higher business and consumer confidence, and an optimistic domestic outlook.

Loss... from page 1

caught off guard,” said Raoul Bacalla, the municipal environment and natural resources officer. This 72-hectare island, with mangroves all over, was declared as a marine park and fish and bird sanctuary in 1996, according to Christopher Montebon, service desk officer of the municipal tourism office who often guide visitors to the island, situated just half a kilometer away from the poblacion. The municipal government wanted to preserve and protect the rich marine life around it, as well as the migratory birds that often visit the island, he added. “There were no bats then. But maybe because they noticed that no one is disturbing the island, the bats started coming shortly after,” Montebon said. Soon, tourists came to watch the birds and the bats, and to dive around the island’s crystal clear waters to see the rich marine life, he added. By 1999, the bats have become so many that they have come to be a part of the Palompon landscape. They would sleep, hanging by the mangrove trees all day long, then they would fly away in droves late in the afternoon to hunt for food. Bacalla said that before Yolanda came, there must have been 10 colonies of bats at 10,000 per colony. So there must have been at least 100,000 bats before the typhoon. Bacalla said there are two species of giant bats in the island

– the giant golden-crowned flying fox (Acerdon jubatus) and the large flying fox (Pteropus vampyrus). There may be more of the latter, but the former are the bigger bats, among the biggest in the world with wings spanning five to six feet wide, each bat weighting almost a kilo, he added. The golden-crowned flying foxes are also classified as endangered because of poaching and forest destruction. “It was such a beautiful sight starting around 5 o’clock in the afternoon, when they would all fly together, thousands of them. They would cover the sky and it would go dark for a while,” recalled Marife Matugas, 40, a laundry woman with four children. “We see them every afternoon, everyday, all year round, but we never got tired watching them,” she added. Raynato Arat, a native of Iligan City who now works in Saudi Arabia, recalled that in his visit in 2007 for a snorkeling trip around the island, they just had to clap and many of the sleeping bats would fly out. “While in the boat, we had to duck our heads, fearing we’d be hit by the big bats because there were so many of them,” he added. I’ve seen four beautiful sunsets here since joining my wife in a medical mission, but I have never seen such a spectacle. Not even just a few bats flying in the sky as the sun goes down in the horizon. Bacalla is hopeful the bats were not killed with Yolanda’s fury because they have not seen their floating bodies after the storm. “Most likely they just flew away to find temporary roosts,” he said. “We have heard of reports that some bat colonies have gone to other barangays in the municipality, like in Cantuhaon where there are many mangroves too, and neighboring towns like Villaba,” he said. “The fact that there were no such bat colonies in those areas before, we are sure those bats are from Tabuk Island,” Bacalla added. The fruit-eating flying foxes, he said, have their use because they are known as “silent pollinators” or “silent planters” as they drop seeds while flying, thus helping maintain the forests. But the bats almost disappeared after the storm. He pointed out, though, that the catastrophe may be nature’s way of controlling the bats’ population because they had grown so much in number. “We heard some farmers complaining that the bats are attacking their fruits,” Bacalla said. But still, Bacalla wished the bats would come back. “Maybe we now have a few hundreds of the bats, and we’re hoping they’d all come back because they have become part of our daily life,” he said. In my boat ride around the island on Friday morning, we saw some bats hanging by the mangrove trees, soundly sleeping under the midmorning sun. But the startled few flew around the island to look for another roosting place. Should the bats come back, Bacalla vowed to protect the nocturnal creatures even more, especially since some Palompon

11

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folk, including children, have now resorted to “kite fishing” – placing fishing hooks in the kite’s thread – from the mainland because they are prohibited from poaching bats in the island. Bat meat, locals say, is delicious and invigorating. “We have prohibited the practice, but we don’t have enough manpower to enforce the ban,” Bacalla lamented. “We have 27 kilometers of coastline to watch, so we have asked the different barangays to help out,” he said. Bacalla said it is important to protect Tabuk Island, too, because it serves as a natural barrier against the big waves. While there were reports of storm surges in other parts of Leyte and Samar, he said the island had protected Palompon from even greater devastation. One step the municipal government has taken, he said, is to require all elementary and high school students to undergo a seminar on coastal resource management. “We bring them to the island to show the importance of the mangroves to the marine life, the birds and the bats,” Bacalla said.

Aboitiz... from page 1

by Cotabato Light. The capex will be spent on 10 distribution-related projects like substation reconditioning and line upgrading, as well as power plant maintenance and administrative expenses. Meanwhile, Davao Light plans to spend a total of P384,946,203 for RY 2014 and 2015 which will likewise be funded from long-term loans yet to be secured by the company. Its capex will go to six projects in the next two years, which include rehabilitation of its substations and conversion of its underground distribution system. Both utilities said “the foregoing capex… are indispensable for the systematic and economic expansion and rehabilitation” of their distribution facilities. They noted that these projects will “ultimately benefit customers in terms of continuous, reliable and efficient power supply.” Cotabato Light distributes electricity in the city of Cotabato as well as parts of the municipalities of Sultan Kudarat and Datu Odin Sinsuat -- all in the province of Maguindanao. Davao Light provides power in the cities of Davao and Panabo, as well as the municipalities of Carmen, Sto. Tomas and Braulio Dujali -- all in the province of Davao del Norte. AboitizPower is the electricity generation and distribution arm of Aboitiz Group. Its net income declined 22.26% to P14.6 billion as of September from P18.78 billion in the same nine months last year. Revenues dropped 4.15% to P45.06 billion from P47.01 billion, while expenses decreased by 8.24% to P29.07 billion from P31.68 billion.

Market...

from page 1 will be to design a market that is “flexible” and they may just enforce adjustments accordingly depending on how the system works and how the market will

eventually evolve. The Philippine Electricity Market Corporation, operator of the Wholesale Electricity Spot Market (WESM), earlier divulged that system operator National Grid Corporation of the Philippines (NGCP) has been batting for modification in the Market Dispatch Optimization Model (MDOM) of the spot market so its request for “one generating unit, one reserve” could be accommodated. WESM said the adjustment in the MDOM could take five months, and this could delay the setting up of the reserve market given drawbacks also in regulatory approvals. PEMC officials explained that even if a generating unit of a power plant could offer three ancillary services like regulating reserve, contingency reserve and dispatchable reserve, the NGCP-proposed design of the reserve market will not allow that. But based on hearings and industry discussions at the ERC, it was noted that NGCP’s proposal has not been acceptable because this will defeat the co-optimization of energy and reserve that may supposedly bring in “the least cost for the consumer.” In fact, it was emphasized that the proposal of the ERC will be for WESM to explore co-optimization on two fronts: between reserve and energy offers; and the other is between and among the ancillary services offers. The second one, according to PEMC, will allow ancillary service providers to be competing with each other on their respective AS offers.

DOST...

total registered business in the country are MSMEs, they remain imperative in countryside development and achieving inclusive growth as they provide economic activities in the countryside, employs 61 percent of total labor force and contributed to about 36 percent to gross value added,” she said. Likewise, “MSMEs are test beds for innovative products and services and breeding ground of large and successful companies”. Thus making MSMEs smarter can create smarter cities and smarter countryside, she further stressed.

BOI... from page 4

Filipino investors comprised four-fifths of the total commitments in the first 10 months at P263.2 billion, which is 7.4 percent more than last year’s P245.1 billion. Foreigners pledged P51.1 billion, or 141 percent more than the P21.2 billion a year ago. US-led companies pledged a combined P41.76 billion, or at least four-fifths of the 10-month registered. These include the P41.2 billion project of GNPower Ltd Co in Mariveles, Bataan -- the largest so far this year. Apart from the US, other sources of investment pledges were South Korea (P2.26 billion), Australia (P1.79 billion), the Netherlands (P1.34 billion), and Singapore (P492 million). Bulk of the investment pledges went to electricity, gas, steam and air conditioning supply at P252.8 billion or four-fifths of the total amount committed. Other sectors that benefited from pledges were real estate

and mass housing (P36.1 billion), transportation and storage (P11 billion), manufacturing (P5.05 billion), and accommodation and food service projects (P4.51 billion).

Rice... from page 5

The NFA has stressed that the additional rice imports will serve as “precautionary stocks” of the government since weather forecasters have said two or three more typhoons may barrel through the country in the next five weeks. Rachakorn Saksri from the Thailand and Pham Thanh Ngoc from Vietnam submitted their bid offers to the NFA Government-toGovernment Committee headed by Deputy Administrator Ludovico J. Jarina on Tuesday, November 26. The rice stocks specified under the tender were long grain, wellmilled white rice with 25 percent brokens. Thailand offered a minimum volume of 10,000 MT to a maximum volume of 500,000 metric tons with a quoted price of $475 per MT. Vietnam’s price offer was $462.25 per MT for a minimum volume of 120,000 MT not later than (NLT) December 31, 2013; 260,000 NLT, January 31, 2014; 340,000 NLT February 28, 2014; and the balance NLT March 31, 2014. The rice will be delivered door-door to NFA designated warehouses. NFA’s G2G Committee will evaluate the offers based on the capabilities of the sellers and the other conditions set for the tender. It will recommend to the NFA administrator which offer to take.

from page 1

current good manufacturing practices (cGMP), hazard analysis and critical control points (HACCP), food safety; adoption of cost-effective and environmentally-safe technologies; and the continuous research and development on product and process, among others. Yorobe said that this will result to increased productivity and access to bigger markets, improved product quality and marketability, and increased capability to serve wider market. Further, “Health products/ services and pharmaceuticals and electronics/information and communication technology (ICT) were added to the original six priority sectors (food processing; furniture; gifts, decors and handicrafts; metals and engineering; agriculture and horticulture; aquatic and marine) to the program”, Yorobe said. For instance, Yorobe said that the Montano Food Corporation started in 1975 as a small business. After the SETUP program, the company now generated 75 employment, HACCP and HALAL certified, has penetrated the export market, and now a multi-million enterprise with annual gross sales over P10 million. Yorobe stressed that the food processing sector remains to be the top user of the program but urges other sectors to grab this opportunity. “Since 99.6 percent of

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Feature

Advertising and Editorial E-mail : businessdailymindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor: Shaun Uy

IdeaSpace Brings Technopreneur Boot Camp to Northern Mindanao I deaspace, in partnership with Cagayan de oro ICT Council, Xavier University- Ateneo de Cagayan, DEVCON and through Smart Communications, IdeaSpace Foundation, Inc. brings the Technopreneur Boot Camp at Northern Mindanao! In line with their passion and dedication to promote the spirit of technology entrepreneurship, IdeaSpace Foundation, Inc. will conduct the Technopreneur Boot Camp at Northern Mindanao. The said event invites all the Students, Professionals, Aspiring Startups, Startup Founders and early Graduates in the Northern Mindanao area to know everything about technopreneurship - from the advanced technologies, the how- to’s on starting technology businesses and other startup advocacies. It will be held on Friday, December 13, 2013 from 8:00 AM to 4:00 PM at the Little Theater, G/F Social Sciences Building, Xavier University - Ateneo de Cagayan. A lineup of industry experts and startup founders’ hand-in-hand will share their expertise on various technopreneurship topics. In fact, one of the excellent and inf luential speakers for the event is Mr. Dustin RJ Masancay, the Associate Director of IdeaSpace. He is professionally known in creating real impact in the lives of Filipinos by bringing new opportunities for employment to the base of the pyramid through entrepreneurship and startups. The Technopreneur Boot Camp of IdeaSpace in collaboration with other technopreneurship advocates is a medium to present to the community level the fact that technology and innovation are the keys to transform ideas into reality. Through the help of the respected partner organizations, participants of the Boot

Camp are treated to a morning filled with technology and business talks! It will be followed by an afternoon of relevant creation, brainstorming with possible innovative technology ideas that are necessary for commercial success. The IdeaSpace Technopreneur Boot Camp is FREE! There is no registration fee required. The deadline for the registration for all interested participants will be on December 6, 2013. So, hurry and register now for a once-in-a-lifetime event! In addition, prior to the main event, the organizers of Technopreneur Boot Camp encourage willing participants to submit their startup idea/s. Each participant must be part of a team composed of 2-3 members only. The event organizers will then advise the team to look for a technical lead, a business partner and a web or a graphic designer!

IdeaSpace will do a preliminary round of judging once all the startup idea/s are already in. The top teams who will then present their startup idea/s to the panel of judges will be announced at the event. Teams will then be given time to brainstorm and pitch their ideas and plans to a group of respected judges. The best ideas will be recognized, awarded and will win cool prizes! The submission of entries must be on or before December 8, 2013. This is a rare chance to have this kind of exposure, so maximize the opportunity! For more inquiries about the Technopreneur Boot Camp and the technopreneurship pitch competition, visit http://www.eventbrite.com/e/ideaspacetechnopreneur-bootcamp-northernmindanao-tickets-9173292565