Volume IV, No. 18
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Market Indicators As of 6:12 pm oct. 25, 2013 (Friday)
FOREX
PHISIX
US$1 = P43.05
6,539.81 points
4 cents
X
43.96 points
X
Briefly Import surges PHILIPPINE import payments jumped 6.9 percent in August 2013 posting a total amount of US$ 5.542 billion compared to last year’s same period import bill of US$ 5.184 billion. It also increased monthon-month basis from US$ .487 billion in July 2013, a percent higher. The National Statistic Office (NSO) said the growth in import payments was pushed by the increase in importing of seven out of 10 major commodity groups over the year. These commodity group gainers include Metalliferous Ores and Metal Scrap; Transport Equipment; Mineral Fuels, Lubricants and Related Materials; Telecommunication Equipment and Electrical Machinery; Plastics in Primary and Non-primary Forms; Iron and Steel; Industrial Machinery and Equipment.
ISO audit THE Department of Labor and Employment Regional Office X has completed on Friday, October 18, the first stage of the audit for its ISO (Organization for International Standardization) 9001:2008 certification. ISO 9001:2008 focuses on effective quality management systems on its processes in meeting customer satisfaction. The first stage of audit involves document review that consists of the different technical and administrative processes of the DOLE Regional Office. The move for ISO 9001:2008 certification is a directive of DOLE Secretary Rosalinda Dimapilis-Baldoz to better serve the Department’s clients through timely and quality delivery of its programs and projects.
Coral Resort Estates:
P15.00
October 26-27, 2013
For Inquiries: Call or Text : (02) 577-3812 09178445981 Email: care@rejuvginseng.com Website: www.rejuvginseng.com
First-ever residential resort in NorthMin By Cheng OrdoÑez
W
hether you are into rural or urban living, I bet, you are just like the rest of us in at least one respect. When it comes to the countr yside, nothing beats staying in a resort with the amenities of nature within reach, because we all expect the earth in its motherly form – an embracing, comfor ting sanctuary. resort/PAGE 11
A perspective view of the resort.
Fresh ventures perk up tuna industry Proposed Davao DAVAO City -- Several investments in the tuna business worth P240 million were recorded during the first half this year, according to a recent report submitted by the tuna industry cluster to consultants of Japan International Cooperation Agency (JICA). Tuna exports of various products like fresh, frozen, chilled, canned, etc to global markets raked up a total of $ 41 million during the same period this year, according to the same report. tuna/PAGE 11
fishing ban cut By CQ FRANCISCO, Correspondent
TUNA. A worker sorts out tuna at the Fish Port Complex in General Santos City before they are brought to the factories, exported abroad or sold the local markets.
Mindanao Daily NEWS mindanews photo by jun ayensa
D AVA O C i t y - - T h e Department of Agriculture and (DA) the Department of the Interior and Local Government (DILG) have
shortened the proposed commercial fishing ban period in Davao Gulf to four months instead of the original ban/PAGE 11
BIG investments in new business ventures in oil palm plantation, production and processing had been recorded
by the oil palm industry cluster in Mindanao during the first half of this year. boost/PAGE 11
Big investments, sales boost Mindanao oil palm sector
northmin . westmin . caraga . davao Your Mindanao-wide Community Newspaper
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E conomy 2 PHL shares plummet over 1% at early trades Senate takes on abolition of PDAF in long caucus YOUR LOCAL ONLINE BUSINESS PAPER
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October 26-27, 2013
Philippine share prices plummeted at early trades Friday as investors continued to pull out funds ahead of a long weekend and in view
of a series of initial public offerings (IPOs) before the year is out. The main PSEi plunged by shares/PAGE 9
MANILA -- The Senate has begun, on Wednesday, a l e n g t hy a l l- s e n a t or s caucus on the abolition of their Priority Development Assistance Fund (PDAF) for 2014. This came following a resolution approved by the Senate Tuesday, mandating the Senators to abandon their remaining PDAF to augment the calamity fund. Senate President Franklin Drilon authored the resolution in an effort to help victims of calamitystricken areas, adding the
senators have waived and abandoned their PDAF for 2013. “With that abandonment of their PDAF entitlement, it has created savings which the President may use as ca lamit y f und for areas affected by the typhoons ‘Labuyo’ and ‘Santi,’ by the earthquake in Visayas, and the man-made disaster in Zamboanga City,” Drilon said in a statement. “We have to respond and assist the government in disaster relief, speedy p os t- d i s a s ter re cover y,
reconstruction, and rehabilitation of provinces affected by these recent c a la m it ies t hat h it ou r country,” he added. Senator Serge Osmeña, however, ex pressed h is doubts on t he complete abolition of PDAF next year and suggested realigning it to different agencies. “I hope we’ll be the one to scrap it. But is everyone willing to do that? We will decide on that because that will be the subject of our caucus today (Wednesday),” Osmeña said.
“Let’s not scrap it, let’s put it to specific agencies that really need the money. We can define the purpose but we won’t rename it, we’ll leave it already to the department,” he added. He also explained that the PDAF should be voted upon to be scrapped by both chambers. “The approval of the total votes of all the congressmen and all the senators because that is the power of Congress, the power of the purse,” he said. pdaf/PAGE 9
MANILA – The Philippine Cha mber of Commerce and Industry (PCCI) will be submitting resolutions for economic reforms to President Benigno Aquino III Friday. PCCI has come up with 41 resolutions during its threeday Philippine Business Conference and Expo at the Manila Hotel to address sentiments of the business
community in the country. These conference resolutions would like to urge the government to act on key problems in the country for further economic growth and trickle down the effect of the booming economy. Among notable resolutions are in Agriculture and Fisheries which called to promote tourism-driven agriculture, modernization
of agriculture and fisheries industry through publicprivate partnership, and treating hybrid rice seeds as “co-equal to certified seeds during distribution to farmers in time of typhoon disasters and calamities.” PCCI a lso urged t he gover n ment to prov ide ef fective assistance and support to private sector in order to level up the country’s
competitiveness within the ASEAN region. Resolutions on competitiveness in ASEAN includes the following: -i m p l e m e nt a t i o n o f pending deliverables as committed by the National Government under t h e A SE A N E c on om ic Communit y (AEC) Blue Print for the period ending PCCI/PAGE 9
PCCI to submit to PNoy economic resolutions
SOP CAGAYAN DE ORO TO HOST 1st MINDANAO GAMES S
By Romeo V. Balandra II SPED Teacher and SOP Volunteer
pecial Olympics is the world’s largest organization committed to change the lives of adults and children with intellectual disabilities. By providing them with yearlong opportunities for athletic training and competition in different Olympic-type sports events, the organization hopes to help adults and children with intellectual disabilities develop their physical fitness, promote their confidence and enable them to experience the thrill in sharing their gifts and skills; the excitement of forming friendship with other athletes; the joy in bonding with their families and the feeling of importance by being accepted by the community. Through its more than a million volunteers, Special Olympics is able to serve more than 4 million athletes through 229 accredited Special Olympics Programs in 170 countries. More than just an organization, Special Olympics is a movement. It continues to spread and realize the vision of its founder, Eunice Ken-
nedy Shriver, by changing how society views persons with intellectual disabilities—that despite their difficulties, each one of them should be able to reach their full potential and all members of society should embrace and encourage this. Cagayan de Oro is one of the lucky cities to have a local chapter of this trail-blazing organization. Though recently organized, the chapter has already conducted swimming competitions for children with intellectual disabilities and provided trainings for parents and teachers coming from local schools that offer special education. Last September 28, Special Olympics Philippines Cagayan de Oro Chapter joined the whole world in celebrating Eunice Kennedy Shriver Day, a day of tribute to the founder of the Special Olympics and her legacy of action and compassion by holding a qualifying games to the first ever Mindanao Games. The event was successfully conducted with a turn out of over a hundred
Athletics (standing long jump)
volunteers and athletes from Cagayan de Oro City and the nearby municipalities of Misamis Oriental. A total of 43 athletes coming from the different schools that serve special needs students namely City Central School SPED Center, West City Central School, Puerto Elementary School and St. Therese’s Center competed in the three sporting events included in the games-athletics, aquatics and bocce. According to SPED teacher Rebecca Pabia whose daughter participated in swimming, she was so happy to see the turnout of participants and was overwhelmed by the exciting reactions of fellow parents of special needs children. Another parent, Cherry Mabalacad whose son is a bocce player, said she hopes more games like this will be held to reach out more children and persons with special needs especially from far-flung barangays. Indeed, it was a day of great fun and wonderful memories for our athletes and their families.
Aquatics
Registration of participants with Exec. Director Lee Ginete
Athletics (100 meter dash)
Opening photo-op with SOP Board of Directors, volunteers and athletes
To continue the noble mission of this global organization, Special Olympics Cagayan de Oro Chapter President Dr. Vic Cinco promised to provide more opportunities for sports training and athletic competition hopefully with more Olympic-type sport events to accommodate more children and adults with intellectual disabilities. This coming October 26, 2013, expect more fun and friendly competition as SOP CDO Chapter hosts the 1st
Mindanao Games which will be participated by around 300 athletes and volunteers from Davao City, General Santos City, South Cotabato and the host city of Cagayan de Oro. We invite everybody to be part of this historic and momentous event by bringing your whole family to watch and enjoy the program and games lined up on that day. This will be staged at the Don Gregorio Pelaez Sports Center. For those who cannot come but would like to
support, you can still volunteer in our future activities or you can donate in whatever form. SOP is run 99% by volunteers composed of civic leaders, businessmen, professionals, and parents of individuals with ID. Its operation relies on the generosity of donors, sponsors and other concerned citizens. If you want to know more, please like our page, SOP CDO, at Facebook. You may also follow us at Twitter @SOPCDO.
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CorporateW orld Moresco-1’s role 3 Listing, buyout costsp The provincial government officials Seaoil sees double share pull down Del Monte instrument in making true3Q allprofit the dev Pacific’s of retail market by 2016 YOUR LOCAL ONLINE BUSINESS PAPER
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October 26-27, 2013
the First Mis.Or. Tourism Summit on SEAOIL Philippines aims to corner a tenth of the retail market in three years. “We continue to expand our network of stations along with an increase in organic growth, meaning the sales of our existing stations are now better so we’re seeing the impact of that reflect on our Seaoil/PAGE 9
DEL Monte Pacif ic C o Limited reported a doubledigit drop in third-quarter earnings on expenses tied to its acquisition of the company that owns the Del Monte brand rights in the US and South America. In a statement posted on its website, Del Monte Pacific said profit fell 13 percent to $7.2 million in
the July to September period from $8.3 million in the same three-month period last year because of $1.7 del monte/PAGE 10
In turn, Moresco-1, as an electric Dis committed to take part in the Explor and available power supply, through along with the rest of the interested PLDT offers ‘pay-per-use’ cloud solution for BPOs Two of the spots the province wants of Lugait, and Tugasnon hot spring lo area. THE corporate enterprise arm of Philippine Long Distance Telephone Co (PLDT) has unveiled a “sachet” type of contact center service in the Philippines, targeting the business process outsourcing (BPO) and banking sectors. PLDT ALPHA Enterprise said PLDT Cloud CCaaS ( C o nt a c t C e nt e r a s a Service) is the first local cloud-based contact center
service in the country that allows enterprises to manage application and software consumption while keeping expense to a minimum. “We have presented this to a number of enterprises. But the target market is the BPO, contact center industries and the banking sectors because they have their own contact centers,” PLDT head for corporate business voice
category Fay Ocampo told reporters during the launch last Wednesday. “Whether it is small or big, we can handle it because the application is a pay-per minute and pay-per application. This is the sachet market of a contact center because usually they buy out of the box, equipment and they are tied with whatever PLDT/PAGE 10
MORESCO-1 Information Officer Marebec Cagalawan and other officials of the electric cooperative brief officers and members of Konsumanteng Kagay-anon, Inc. 16 October 2013 in Cagayan de Oro City on their planned power purchase agreement for their peaking power needs to prevent power outages and brownouts within the franchise area. bwm news photo
Moresco-1 supports MisOr tourism development Mores co-1’s rol e The prov incial government officials put high emphasis on the role of the power industry, as an instrument in making true all the developmental plans in Misamis Oriental. This was stressed during the First Mis. Or. Tourism Summit on October 3 & 4, 2013 at the municipality of Medina. In turn, Moresco-1, as an electric Distribution Utility (DU) in the western part of Misamis Oriental, committed to take part in the Explore Mis. Or. Development Plan undertaking by delivering reliable and available power supply, through signing the Memorandum of Understanding with the province along with the rest of the interested entities. Two of t he sp ots the province wants to develop are the Ayaaya waterfall located in the municipality of Lugait, and Tugasnon hot spring located in El Salvador City, all within MORESCO-1’s coverage area. T h e p r o v i n c e ’s d i r e c t i o n Wi t h t h e invitation of Governor Yevgeny Emano during the said launching of the
Summit, he emphasized his concept of partnership of the program, presenting the province’s advocacy to develop eco-tourism in the province to boost its economic development. With the seven out of 50 potential tourist spots located in the eastern and western parts of Misamis Oriental, the governor through the intended partnership with all the private and g ov e r n m e nt s e c t or s and close coordination with the Department of Tourism Region Ten, wish to develop these areas to increase influx of investors and employment opportunities for the localities in particular. Vice Governor Joey Pelaez stressed that the power requirement to operate the projects is very essential, thus, the importance of
Gov. Bambi Emano,Tourism-X Dir. Butch Chan, w/ V-Gov. Joey Pelaez, SP member Heckert Emano & Prov.Capitol officers.
distribution utilities’ 100% engagement. This factor is very necessary to consider especially when power crisis in Mindanao is not over yet. The National Grid C or p or at i on of t h e Philippines (NGCP) is
still implementing its power curtailment to all the DUs in Mindanao, which results to rotational black out. Residents within the Moresco-1 franchise area however, did not experience rotational
black out compared with other neighboring Electric Cooperatives and some private DUs because of its Interruptible Load Program partnership with the Asia Brewery Inc. This however, is not
the only undertaking that Moresco1 is pursuing. For the long term endeavor, t he f i rst Ph i l ippi ne electric cooperative is in the process of engaging i nt o g e n e r at i on , t o address power availability and reliability. #
With the seven out of 50 potential to Oriental, the governor through the in
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biz group push Arabica European businessmen eye Davao as Mindanao’s signature brand M’danao for agro-processing DAVAO City -- Businessmen belonging to the European Chamber of Commerce in the Philippines (ECCP) said they see opportunities in agricultural processing in Mindanao, particularly coconut-water processing. Martial Beck, ECCP vice president and general manager, said European businesses remain upbeat in the country’s economic prospects and expect more companies to invest in the country. B eck said European businessmen are particularly keen on Mi nd anao as p o ssibl e investment site for agriculture and fisheries production. “[The Philippines] has lots of coconuts here. In Europe there’s a big demand for coconut water,” he said during the second joint meeting of foreign chambers in Davao City held at the Seda Hotel here over the weekend. In 2012 the value of Philippine coconutwater exports increased by 23 percent from 16.7 million liters worth $15.1 million in 2011, according to data from the trade department.
In the same year Philippine coconut-water export earnings from the US increased by 29 percent to $ 1 4 . 2 m i l l i on . T he United States accounted for 76.25 percent of the total Philippine coconutwater exports Earlier, the Mindanao chapter of the Japanese Chamber of Commerce and Industr y of the P h i l ippi n e s i n d i c at e d it s pl an to e nc ou r age Japanese investors to put their money in the region’s manufacturing and agroprocessing sectors. Beck noted that European firm Holcim is a l re a dy e ng age d i n developing Mindanao’s infrastructure. The Davao City chapter of the American Chamber of Commerce of the Philippines spearheaded the gathering of foreign businessmen to explore opportunities in the region.
M
especially those located in insurgency areas, is Coffee for Peace. Its main focus is the promotion of peace in Mindanao through coffee. “We realized that it was difficult to teach the people about peace when without a d d re s s i ng t h e i r b a s i c needs first so we went on to teach them about growing coffee,” Coffee for Peace, Inc. Marketing Manager Dawn Albert Pates said. Coffee for Peace has been providing training to the tribal communities at Mt. Matutum in Polomolok, South Cotabato, Mt. Apo in Kidapawan North Cotabato and Mt. Kitanglad in Bukidnon since 2008. Arabica/PAGE 10
Undersecretary and National Rice Program Coordinator Dante Delima noted the NEDA decision was based on projections for the third and fourth quarters of the year. “When NEDA made the recommendation, it was not taken into consideration that for this year, we had a beginning inventory of 2.5
million MT,” said Delima. “So we were advised to wait for the outcome of this year’s harvest before deciding on the volume of importation if it is needed,” he added. Latest field surveys showed the likelihood of a 98-percent rice self sufficiency results for 2013 – estimated at 19 million metric tons (MT), import/PAGE 10
No rice importation until 2013 production numbers are out THE Philippines will not import rice until the final production numbers for 2013 are out, the Department of Agriculture said Wednesday, c it i ng an a dv i s e f rom Malacañang. Malacañang told the National Economic Development Authority (NEDA) and the Department of Agriculture (DA) not
to make any decision on rice importation, contrary to an N E DA e arl i e r recommendation to buy 500,000 metric tons from foreign sources this year. NEDA Director General Arsenio Balisacan made the recommendation to plug a possible supply deficit and avoid spikes in prices. A g r i c u l t u r e
Lanao del Norte Muslim Learners Top First Regional Musabaqah By Rasmila M. Cosain, Ph.D. Master Teacher 1 Division Muslim Education Focal Person Division of Lanao del Norte
uslim learners and teachers in DepEdRegion 10 gathered in Macabalan Elementar y School in Cagayan de Oro City on October 21-22, to conduct their First Regional Musabaqah -- to mean competition in Arabic language. At the end of the activity, the delegation from the Division of Lanao del Norte headed by Schools Division Superintendent Emmalinda E. Duhaylungsod, emerged to be the Over-All Champion. The Divisions that followed were Iligan City as first runner-up, Cagayan de Oro City as second runner-up, and Valencia City as third runner-up. Nine out of 14 schools divisions of Region 10 have already implemented Muslim Education in Northern Mindanao: (1)Bukidnon,(2) Misamis Oriental, (3) Lanao del Norte, (4) Valencia City, (5) Malaybalay City, (6) Gingoog City, (7) El Salvador City , (8) IliganCity, and (9) Oroquieta City. In them is a total population of 50,165 pupils in elementary, and 8,635 students in secondary level, the 4th largest captured in the country’s Education For All (EFA) policy — next to ARMM, Region 12 (Soccsk-
DAVAO City (PNA) -- The Davao City Chamber of Commerce and Industry, Inc. (DCCCII) is pushing for the development of Arabica coffee as a signature brand for Mindanao. “We see a lot of potential in coffee which is why we decided to focus on this as one of the golden crops for the Davao Trade Expo,” DCCCII president Arch. Daniel Lim said. However, he said farmers should be taught the basics of coffee plantation management to improve and increase their yield. O n e o f t h e p r i v at e organizations that have invested their time and effort in training coffee farmers,
sargen), and Region 9 (Zamboanga Peninsula). Dr. Shambaeh A. Usman, Education Program Supervisor coordinating for Muslim Education and OIC/Chief of the Regional Planning Unit , remarked that the occasion was a showcase of the learnings of pupils and students, as well as of the effectiveness of Arabic teachers, otherwise called asatidz, following their curriculum on Arabic Language and Islamic Values Education (ALIVE). Specifically, Lanao del Norte won first prize in four of the six competition categories of the Regional Musabaqah -- Qur’an Reading, Qur’an Memorization, Alpha Touch and Arabic Spelling; and second prize in the other two -- Call to Prayer and Islamic Values Quiz Bee, wherein the Divisions of Valencia City and Cagayan de Oro City also had their share of being first prize winners, respectively. T h e c h a mp i o n s f r o m among Muslim learners were Rayyan Guimba of Pantao Ragat Central School for Qur’an Reading; Khaira H. Abidin of Riverside Elementary School for Qur’an Memorization; Noraida G. Angnie of Padianan Elementary School for Alpha
Touch; and Jaylani D. Pacalna of Mamarinta Elementary School for Arabic Spelling. The second prize winners were Mahid M. Casolog of Poona Piagapo Central School for Call to Prayer; and the team of Fatima Haniah Solaiman, Asma Alangca and Hasna Dimacangun of Baloi Central Elementary School for Islamic Values Quiz Bee. Musabaqah has already been a regular competition in areas with huge Muslim population, like ARMM and its nearby provinces and cities. Musabaqah also gets good support from LGUs for it relates to improving the quality of education among Muslims, and to addressing issues of peace and development. It includes the usual competitions on sports and quiz bees, with the only difference that its contents revolve around the teachings of Qur’an. This First Regional Musabaqah was conceptualized by former OIC Dir. Allan G. Farnazo, and was carried on by the administration of Dr. Ingrid G. Racoma, incumbent OIC to the Regional Director’s Office. The activity was also well supported by the Chief of the Promotional Division Wilfreda T. Famador, the Muslim Education Coordinators in each school division, the staff of the Regional Planning Unit, and all asatidz regionwide.
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REPUBLIC OF THE PHILIPPINES
CAGAYAN DE ORO CITY WATER DISTRICT Corrales Avenue, Cagayan de Oro City
NOTICE OF WATER RATES ADJUSTMENT In its desire to provide its existing customers with even better service and at the same time address the city’s fast growing demand for water, COWD intends to pursue its NRW reduction program and expansion projects. For these to be realized and brought to completion, it is necessary for COWD to implement the rates adjustment approved by the Local Water Utilities Administration (LWUA) per Board of Trustees Resolution No. 84 dated June 17, 2011. However, putting the welfare and interest of the water consumers in mind, the approved 30% water rates adjustment shall be implemented on a staggered basis with an initial adjustment of 10% starting on November 1 this year. This adjustment will merely cover for the inflation of the cost of all consumables used in its operations like fuel, power and materials which have increased over the years since 2007 when COWD last implemented a rates adjustment. This brings the minimum charge of residential/government accounts from P168 for the first ten cubic meters to P184.80. Succeeding adjustments will be carried out on February 1, 2014 and May 1, 2014.
SOURCE DEVELOPMENT
UPGRADING OF FACILITIES
New water rates applicable for the consumption month of November 2013 and to be billed effective December 1, 2013 shall then be as follows: MAIN SERVICE AREA Classification
Meter Size
Residential/ Government
½” ¾” 1” 1 ½” 2” 3” 4” Commercial/ ½” Industrial ¾” 1” 1 ½” 2” 3” 4” YOUNGSVILLE SUBDIVISION Classification
Meter Size
Residential/ Government
½” ¾” 1” 1 ½” 2” 3” 4” ½” ¾” 1” 1 ½” 2” 3” 4”
Commercial/ Industrial
5
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Minimum Charge 184.80 295.65 591.35 1,478.40 3,696.00 6,652.80 13,305.60 369.60 591.30 1,182.70 2,956.80 7,392.00 13,305.60 26,611.20
Minimum Charge 204.80 327.65 655.35 1,638.40 4,096.00 7,372.80 14,745.60 409.60 655.30 1,310.70 3,276.80 8,192.00 14,745.60 29,491.20
Commodity Charges 11-20 cu.m 25.85 25.85 25.85 25.85 25.85 25.85 25.85 51.70 51.70 51.70 51.70 51.70 51.70 51.70
21-30 cu.m 26.95 26.95 26.95 26.95 26.95 26.95 26.95 53.90 53.90 53.90 53.90 53.90 53.90 53.90
31-40 cu.m 28.20 28.20 28.20 28.20 28.20 28.20 28.20 56.40 56.40 56.40 56.40 56.40 56.40 56.40
41-50 cu.m 29.70 29.70 29.70 29.70 29.70 29.70 29.70 59.40 59.40 59.40 59.40 59.40 59.40 59.40
Over 50 cu.m 29.70 29.70 29.70 29.70 29.70 29.70 29.70 59.40 59.40 59.40 59.40 59.40 59.40 59.40
SERBISYO sa BARANGAY
OUTREACH PROGRAM
Commodity Charges 11-20 cu.m 27.85 27.85 27.85 27.85 27.85 27.85 27.85 55.70 55.70 55.70 55.70 55.70 55.70 55.70
21-30 cu.m 28.95 28.95 28.95 28.95 28.95 28.95 28.95 57.90 57.90 57.90 57.90 57.90 57.90 57.90
31-40 cu.m 30.20 30.20 30.20 30.20 30.20 30.20 30.20 60.40 60.40 60.40 60.40 60.40 60.40 60.40
41-50 cu.m 31.70 31.70 31.70 31.70 31.70 31.70 31.70 63.40 63.40 63.40 63.40 63.40 63.40 63.40
Over 50 cu.m 31.70 31.70 31.70 31.70 31.70 31.70 31.70 63.40 63.40 63.40 63.40 63.40 63.40 63.40
We hope our customers and the public in general will be properly guided by this announcement. COWD MANAGEMENT
COWD CUSTOMER CARE HOTLINE NOS.729742, 8564546, 09177173016 COWD WEBSITE www.cowd.gov.ph
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THINK
hink a minute…You’ve probably heard the A Minute expression “A leopard can’t By Jhan Tiafau Hurst change its spots.” This, of course, is true of leopards. But is it true of people? Can people change? Are we humans just creatures of habit? Do we not have any control over our actions and habits? One guy said, “Bad habits are like a comfortable bed: they’re easy to get into, but hard to get out of.” Someone else said: “The chains of habits are too small to feel until they’re too strong to break.” So ‘breaking the mold’ of our bad habits takes effort, yet one of the greatest freedoms in life is the freedom from bad habits. Habits are like the roads we take through life everyday. The problem is that not every road takes us where we need to go. Actually, our routes through life often become our ruts in life. We end up stuck in them and find it hard to dig ourselves out. That’s why we must change our bad habits as soon as possible before they become our ‘second nature’. You see, our habits become our character and our character becomes our life. As one wise person said: “First we make our habits, then our habits make us.” But we humans don’t like to change, do we? So we come up with excuses, like: “I can’t be different; that’s just the way I am.” Or we say: “I was born this way.” And the good ol’ saying: “You can’t teach an old dog new tricks.” But that’s just it: we’re not dogs or animals. In fact, we’re the only creatures who have the freedom and power to change and choose the kind of person we become. So what habits do you need to start changing today? You know, there’s one bad habit you need to change first, that will help you change all your other habits. It’s the habit of living your own way, instead of your Maker’s way. He’s the only one who knows the road to the best, most satisfying life for you. So today, won’t you ask Jesus Christ to forgive you, and to take full charge of your habits and life? Just Think a Minute…
CONGRATULATIONS! A Brown Company, Inc. does it again! Helping Mindanao towns and cities transform its landscapes from underdeveloped lands to modernday living enclaves, A Brown Company deserves the accolades for meritorious achievements! - Mindanao Daily News, October 20, 2013 -
This day marks another milestone in real estate City and another one in Tanay, Rizal. Aside development as A Brown Company Inc. opens from horizontal and vertical development, Coral Pebbles Resort and Residences in Initao, ABCI also provides the water services to Misamis Oriental. With ABrown’s presence, the homeowners of the Xavier Estates and this sleepy town may soon burst into a modern Xavierville subdivision. It also ventures in the enclave of professionals, businessmen and sale of aggregates through its crushing plant investors. in Bukidnon. ABrown’s renowned real estate ABrown indeed is a major player in the development projects is topped by the world- islanmd’s development strides. class subdivision Xavier Estates in Cagayan The company was formerly known as de Oro City. It is Mindanao’s most successful Epic Holdings Corporation and changed its Class A residential subdivision. Xavier name to A Brown Company, Inc. in July 1993. Estates is a mixed-use, nature-themed, well- A Brown Company, Inc. was incorporated in planned integrated community. Aside from 1966 and is headquartered in Cagayan de Oro the completion of the horizontal City, the Philippines. Editorial development of Xavier Estates A Brown Company, Inc. is a Phase 1 to Phase 5 (Cluster A), other ABCI’s publicly listed company in the Philippine Stock completed projects include the Xavierville Exchange since 1994 (code: BRN). It serves as Homes and Teakwood Hills Phase 1 in the holding company of the Brown Group of Cagayan De Oro City; East Cove Village in Companies. ABCI is primarily engaged in the Cainta, Rizal and Valencia Estates in Valencia business of real estate development (high-end, City, Bukidnon. The horizontal development middle-market to socialized) and aggregates, of the socialized housing project named St. and through its subsidiaries, also ventured Therese Subdivision has also been completed. into oil palm plantation development, palm Significant number of its housing component oil milling and refinery, and real estate has been finished. brokerage. The company is starting to venture ABCI’s other real estate projects at into the utilities sector particularly in power various stages are West Highlands in Butuan generation, renewable energy and recently, City, Agusan del Norte;, the Xavier Estates invested in mining of precious metals , oil and – Ventura Residences in Cagayan de Oro gas.
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October 26-27, 2013
The BSP as a Teacher
he Bangko Sentral ng Pilipinas (BSP) has stepped up its role in nation-building. Apart from its constitutional mandate of promoting price and monetar y stability, the BSP has also gone to promot ing e conomic and f i nanc i a l e duc at i on among our people. Why is this important? With a financial literate populace, it will be easier to achieve and sustain economic development in the nation. Citizens are empowered to make sound financial decisions and to contribute meaningfully to the economy. They become active participants in the market. To achieve this end, the BSP launched the Economic and Financial Literacy Program (EFLP) in 2010 as one of its key advocacy efforts. The EFLP integrates all campaigns of the BSP in spreading knowledge and awareness on economic and financial matters to our countr ymen. Its objective is simple --- develop a citizenry that’s well-informed in finance and economic concerns and who can be ef fective par tners of the BSP in achieving and maintaining a strong economy, with stable and safe banking and payment systems. O n e o f t h e g ro up s w i t h i n B SP t h at p l ay s a n important role in the implementation of the EFLP is the Economic and Financial Literacy Center or EFLC. He a d e d by it s d i re c tor, Anton i o C i ntu r a , t he EFLC is a “one-stop-shop” for the public’s data and information requirements from the BSP. No need to go department-hopping for ever ything you need to know - from economic indicators to sur vey results - can be accessed through EFLC’s database. Moreover, its main librar y here in Manila also houses a massive collection of books on topics such as general economics, banking, business, accounting, management, fiscal theor y, and finance. Apart from a main office in the BSP Main Complex, there are also EFLC units and libraries in BSP’s 21 regional offices and branches throughout the nation. More than just accommodating people who want to learn, the EFLC goes the distance, literally and
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SPEAKING
figuratively, in delivering the latest and most relevant O ut economic and financial By Ignacio Bunye information to the people. This year, the EFLC went to five provinces to reach out to students, bankers, businessmen, and other stakeholders f rom as far as Isabela in the north to Bukidnon in the south. The attendees, who are mainly students, overseas Filipinos, businessmen and government workers, were treated to a two-day educational experience that gave them in easy-to-understand terms concepts such as inf lation, foreign exchange, s avings and investments. Participants, particularly overseas Filipinos and their families, are also taught on how to ensure their future by wisely using their remittances for savings or for investments. Each day drew an average of 350 participants, which seems to be a small number until it is revealed that the EFLC only has a seven-man team handling these huge activities each time. Based on the Consumer Finance Sur vey in April 2012, there is still the need to continue educating Filipinos on the advantages of being “banked” and investing in financial instruments. According to Cintura, the EFLC will continue to conduct outreach activities in 2014 to cover smaller and unvisited cities/municipalities in the archipelago, and to bring economic and financial learning to as many people as possible. Cintura echoes BSP Governor Amando M. Tetangco, Jr. who firmly believes that a financially-educated citizen will be a useful and productive citizen. Note: My book, Central Banking for Ever y Juan and Mar ia is now avai lable in main branches of Fully B ooked, Power B ooks, National B ook Store, and University of the Philippines Press.
At the Impulse of Faith
his is the ideal situation in our life. It’s when we manage to shape our life according to the behest of our faith that we attain this ideal. Faith is a gift from God that enables us to start living our life with God which is how our life should be. We actually have been made for a life of faith. If we look more closely at how we are, we will see that are made for believing, more than just for reasoning or, much less, for feeling. We are in need to make acts of faith, because no matter how much we reason out and feel, we will still realize that the reality goes beyond what reason and feelings can discern. Of course, faith always goes together with hope and charity, all of which assure us that while we still are journeying toward our final destination in this present life of ours, we somehow are already there in that destination. T h at’s t h e my s t e r i o u s b e au t y o f t h e s e t h r e e t he ol og ic a l v i r tues. The y ma ke us b e b ot h here and there, in time and in eternity, on earth and in heaven. They make us realize we are never alone, since with them we will feel we are with God and also with ever ybody else. They connect us with God and others. How important therefore to take good care of these divine gifts! And among them, the first one to get our attention should be our faith, since our life with God and others begins with it. Faith somehow acts as the foundation for hope and charity, although the three work together in mutual, vital relationship. While faith is a gift from God, it is also the response and the care we give to that gift. While it is a matter of grace, it is also a human act and responsibility. As the Catechism says, “believing is an authentically human act. Tr usting in G o d and cleaving to the truths he has revealed is contrar y neither to human freedom nor to human reason.” (CCC 154) We ought to feel the need to constantly sharpen and strengthen our life of faith, because many now are the elements and factors that can undermine it. It’s not so much the outright rejection of faith, like when one falls into formal atheism or agnosticism, as the subtle but continuing neglect of our faith that constitutes its gravest danger. We have to be war y therefore when we just allow ourselves to be led mainly by our feelings, moods and
HINTS
passions, by social trends, cultural and historical and Traces conditionings, or even by By Fr. Roy Cimagala mere ideological factors, since these do not bring us to our ideal way of life. Yes, we have to use themand, in fact, we cannot avoid them-but we have to make sure that they are always infused by faith. Otherwise, they can lead us to some exciting adventures or drift u s ai m l e s s ly i n l i fe , but they, alone without faith, can never bring us to where we should be. Especially in the beginning, we have to make deliberate acts of faith, much like a child learning how to eat and write properly. We should not make a big fuss about this awkwardness or even difficulty. It’s all worth it. The important thing to keep in mind is that these acts of faith will hopefully become second nature to us. We need to trust God, his wisdom and his ways. Especially when things look like impossible to do or accomplish, the more we should trust Him. We have to be convinced that with God, nothing is impossible. How many episodes in the life of Christ as narrated in the gospel attest to this fact! It’s God, it’s Christ, it’s his Church and the many instrumentalities the Church has made available to us where we can have what is essential, what is ultimate in our life. Let’s go beyond but not discard our tendency to rely on some human and natural sciences and arts alone as means to achieve our ultimate goal in life. We need to use our faith! Look at the lives of saints. In spite of their human shortcomings, it’s their faith that made them do impossible things, even to accept martyrdom. Besides, as St. Paul said, “the foolish things of the world has God chosen, that he may confound the wise. And the weak things of the world has God chosen, that he may confound the strong.” (1 Cor 1,27) Let’s make our faith burn, making many acts of faith, studying the doctrine, and doing things with magnanimity.
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October 26-27, 2013 Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF
OCEAN PEARL/ROBERTO CHING Plaintiff,
CIVIL CASE NO. 2010-065
Only constructed on Lot 2-C-1, Psd-10-025348 & Lot 2-C-2-A, Psd-10-059484 Total assessed value: P465,000.00 Declared Owner : Venus Gacasan xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx DECLARATION OF REAL PROPERTY NO. 58970
Lot No : 02-( 156 ) M30-015691 Location : Batangan, Valencia City, Bukidnon Machinery (Mechanical Drier) only VENUS ANONUEVO – GACASAN Installed within the Bldg. of this Defendant. Declarant constructed on Lot 2-C-1 X---------------------------------------------/ Psd-10-025348 Total assessed value: P 720,000.00 AMENDED NOTICE OF SALE ON EXECUTION Declared Owner : Venus Gacasan OF REAL PROPERTY xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx WHEREAS, by virtue of an order of Execution issued by HONOR- ABLE GIL G. BOLLOZOS, Presiding Judge of The Regional Trial DECLARATION OF REAL PROPERTY NO. 60026 Court, Branch 21, Cagayan de Oro City On May 6, 2013 in Civil Case No. 2010-065 wherein OCEAN PEARL/ ROBERTO CHING is the Lot No : 04-( 051 ) B2 plaintiff and VENUS ANONUEVO-GACASAN is the defendant for sum Location : Purok 13, Malabuaya, Batangan, of money and etc. by ways of distraint of the sum of THREE MILLION Valencia City, Bukidnon FIVE HUNDRED TWENTY TWO THOUSAND NINE HUNDRED SIXTY Land use : Residential Bldg. only constructed THREE PESOS (P 3,522,963.00) with interests, costs, etc. levy was On Lot 486, Pls – 9 made by Deputy Sheriff FE O. BONTUYAN-BULARON of Regional Total assessed value: P82,750.00 Trial Court, Branch 17, Cagayan de Oro City on March 18, 2010, Declared Owner : Venus Gacasan thru the Provincial Register of Deeds of Bukidnon, Malaybalay City on the rights, interests and participation of said defendant VE- xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx NUS ANONUEVO-GACASAN in the real property/ies more particularly describe as follows: DECLARATION OF REAL PROPERTY NO. 54804 TRANSFER CERTIFICATE OF TITLE NO. T-118110 Lot No : 30-038 Location : Poblacion, Valencia City, Bukidnon Lot : 485, Pls-9 Land use : Industrial Lot Location : Batangan, Valencia Bukidnon, Area : 698 square meters Boundaries : NW., along line 2-3XXX… Total assessed value: P66, 310.00 Area : Eight Hundred Three (803) sq. m. Declared Owner : Venus Gacasan Declared Owner : Venus Gacasan xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx DECLARATION OF REAL PROPERTY NO. 30592 TRANSFER CERTIFICATE OF TITLE NO. T-107508 Lot No : 04-051 Location : Malabuaya, Batangan, Lot : Cad Lot No. 226-0 (LRC) Psd-207375 Valencia City, Bukidnon Location : Poblacion, Valencia City Land use : Industrial Land use : Industrial Lot Total assessed value: P44, 220.00 Area : Six Hundred Ninety Eight (698) Declared Owner : Venus Gacasan Declared Owner : Venus Gacasan xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
-Versus-
DECLARATION OF REAL PROPERTY NO. 57771 Lot : Lot 30-(038) B2 Location : Syre Highway Pob. Valencia City Bukidnon Land use : Commercial Bldg. only constructed On Lot 226, ( LRC ) Psd-207375 Total assessed value: P149.80.00 Declared Owner : Venus Gacasan xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx DECLARATION OF REAL PROPERTY NO. 58968 Lot No : 02-(150 & 156 ) B1 Location : Batangan, Valencia City, Bukidnon Land use : Industrial Bldg. & Perimeter fence Only constructed on Lot 2-a, Psd-10-025348 Total assessed value: P64, 450.00 Declared Owner : Venus Gacasan DECLARATION OF REAL PROPERTY NO. 58969 Lot No : 02-( 156 & 286 ) Location : Batangan, Valencia City, Bukidnon Land use : Industrial Bldg. and Solar Drier
DECLARATION OF REAL PROPERTY NO. 55517 Lot No : 02-212( 051 ) B2 Location : Batangan, Valencia City, Bukidnon Land use : Agricultural Area : .3055 Total assessed value: P2, 390.00 Declared Owner : Venus Gacasan xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx NOW THEREFORE, by virtue of said Order of Execution and in accordance with Rule 39, Section 19, of the Rules of Court, the Sheriff of Misamis Oriental will, thru the undersigned EX-OFFICIO Sheriff, or by deputy, sell at public auction to the highest bidder, for CASH and in Philippine Currency on October 30, 2013 at 9:00 in the morning to 2:00 O’clock in the afternoon or soon thereafter at The Hall of Justice, Cagayan De Oro City, the rights, interests, and participation of defendant VENUS ANONUEVO-GACASAN, in the above – described real properties in order to satisfy said Order of Execution, together with interests, costs, Sheriff’s fees and the expense of sale. Cagayan de Oro City, Philippines, October 2, 2013 (Sgd.) EFREN G. MACABAYA Sheriff IV BWM: Oct.19 & 26, 2013
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Shares... from page 2
66.39 points or 1.01 percent to 6,517.38 as of 10:07 a.m. “The market fell minutes after the opening bell on continued profit-taking ahead of the long weekend,” Elizabeth Abadillo, analyst at Angping & Associates Securities Inc., told GMA News Online. The Palace declared Oct. 28, Monday, as a special nonworking holiday for the barangay elections. Abadillo said market player also trooped to the sidelines in view of upcoming IPOs before the end of the year. “Investors are also liquidating their positions to place their money on the IPOs starting next week,” she said. At least five companies are going public before the year ends, including Harbor Star Shipping on Oct. 30, Travellers International Holdings Inc. on Nov. 5, Robinsons Retail Holdings Inc. on Nov. 11, Discovery World Corp. on Nov. 21 and Frontier Oil Corp. on Dec. 9. – danessa o. rivera/gma news
PDAF... from page 2
“We can rule that we identify our projects, but this has to be transparent. We are not allowed to steal the money. We are not allowed to give it to our contractors, or our NGOs,” he added. “Diyan nagkakagulo eh. The shenanigans that go on to divert the real use of funds,” he further said. (PNA)
PCCI... from page 2
2013 and beyond; -fast tracking the delivery of critical and urgent economic reform initiatives which cut across all business sectors and undermine our competitiveness, i.e. lack of infrastructure, high cost of power, smuggling, corruption, bureaucratic red
tape which hamper ease of doing business, etc. -supporting the acceleration of the finalization and roll out of local sectoral road maps specifically on the ASEAN 12 Priority Integration Sectors to ensure competitiveness; -hastening initiatives aimed at leveling the playing field and widening of the inclusiveness of AEC specifically the SMEs. There is also a need to develop support policy and related programs that would address SMEs financial constraints, enhance their understanding of overseas markets and improve capacity to participate in regional trading activities; -helping to improve utilization of ASEAN+1 FTAs where benefit margins are raised through set target on tariff elimination of 95 percent and the adoption of a common rules of origin (ROO); -improving access to related information on AEC 2015, and enhance understanding of FTAs; -supporting initiatives for inclusion of youth and women in the AEC process; -hastening collaboration and cooperation between and among ASEAN’s 12 Priority Integration Sectors; -supporting the launch and continued viability of PhilippinesIndonesia RORO initiative; and - pushing a high level pu bli c - pr ivate c oun c il to provide strategic direction, coordination, effective branding and communication, guidance and monitoring of various activities towards a successful AEC 2015 launch. M o r e o v e r, t h e l o c a l government units (LGUs) were pushed to simplify and standardize business process for improved business processing in the country. For education, PCCI has asked the President to act on job mismatch by analyzing workforce requirements in the future. The country should also give priority to human resource development, industry, research
Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region BRANCH 23 Cagayan de Oro City
and development to enhance academe and industry alliance. Notable resolutions in energy, power, water and fuel were: assuring accelerated industrialization and transparent consumer benefits as a major step to achieve inclusiveness; urging the Office of the President to declare power projects and fuel exploration as National Major Strategy Programs; tightening the power program in Mindanao; establishment of the ancillary reserve market and provide mechanism for transparent procurement of ancillary services; supporting the efforts of the Metro Manila Waterworks Sewerage System in updating and upgrading its development service contract terms and performance review. Further, industry resolutions include policy framework for responsible and sustainable mining practices. Members of PCCI also agreed that improved financial access for SMEs will be beneficial through “encouraging DBP and Land Bank of the Philippines to actively and creatively carry out their mandate of development, especially in the countryside”. On the other hand, the largest business organization asked Aquino and the Congress to pass the following bills: Anti-Smuggling, Anti-Trust/ Competition Act, Collective Investments Schemes, Freedom of Access to Information, Fiscal Incentives Act, Convergence Act, Customs Modernization and Tariff Act, Department of Information and Communication Technology (DICT), Fiscal Responsibility, Immigration Act Amendment, PPA Charter Amendment, Water Sector Reform, Land Administration Reform Act, Land Use Code, Real Property Valuation, Corporate Farming Act, Electricity Rate Reduction Bill, Imposing a Uniform Franchise Tax on Distribution Utilities Enjoying Legislative Franchise, Energy Efficiency Act, Clean Air Act Amendment, Amendment of the
ORDER Before this Court is a Petition for the Declaration of Presumptive Death of KIMBERLY V. GAABUCAYAN, filed by herein Petitioners. IT IS HEREBY ORDERED that the said Petition be set for Initial Hearing on November 20, 2013 at 8:30 in the morning at the Session Hall of this Court, on which date, time and place, all persons who may have any opposition to the petition herein sought, may appear to show cause why said petition should not be granted. Let this Order be published, at the expense of Petitioner, in a newspaper of general circulation in Cagayan de Oro City and in the Province of Misamis Oriental once a week for three (3) consecutive weeks prior to the date of hearing. Likewise, let copies of this Order, with petition attached, be posted by the Deputy Sheriff of this Branch, at the Bulletin Boards of Barangay Camaman. an, Cagayan de Oro City, at the City Hall of Cagayan de Oro City and at the Bulletin Board of the Hall of Justice for at least ten (10) days prior to the date of hearing. Petitioners are further ordered to furnish copies of the Petition and this Order to the Office of the Solicitor General, the Office of the Local Civil Registrar and the Office of the City Prosecutor and show proof of compliance on the date of hearing. SO ORDERED. Cagayan de Oro City, Philippines, October 17, 2013. (Sgd.) VINCENT F.B. ROSALES Presiding Judge BWM: Oct. 26, Nov. 2 & 9, 2013
National Internal Revenue Code (NIRC) to repeal the Common Carrier Tax (CCT) and Gross Philippine Billing Tax (GPBT) on foreign cargoes, National Transport Policy, Philippine Marine Act, and Amendment to the MSME Magna Carta. Other resolutions included are in areas of Environment, Good Governance, ICT and Services, Infrastructure and Transportation, Labor and Employment, Taxation, and Tourism. (PNA)
Seaoil... from page 3
bottom line,” Seaoil president Glenn Yu said yesterday. The company estimates its share of the domestic market at four percent. Seaoil expects to end the year with revenues growing by over 20 percent to P20 billion on the back of increased fuel sales and a wider retail network. This would put the company on track to hitting P50 billion in sales in three years, Yu said. From 340 gasoline stations, the company is looking to end this year with 370 and add 100 to reach 700-800 in 2016. About three-thirds of the company’s gas stations are franchises. “We are poised to take advantage of an increase in sales volume because of the investment we made over the last several years,” Yu said. The company is spending about P1.2 billion in capital expenditures each year, he said. To notch up the company’s comparative advantage, Seaoil recently started blending its fuel products with performance additives as part of its team-up with US motor oil company STP. The company said this would not result in increased pump prices. “We are very encouraged by this partnership as it raises our profile and allows us to grow our revenue further,” Yu said. “STP is one of those partners that we believe can enhance the value of the brand. We believe that it will raise the profile of the Seaoil brand and the consumers will recognize that we can compete in terms of product quality,” he added. 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 Cagayan de Oro City Branch 22
IN THE MATTER OF DECLARATION Spec. Proc. No. 2013-078 OF PRESUMPTIVE DEATH OF KIMBERLY V. GAABUCAYAN AND THE APPOINTMENT OF REPRESENTATIVE TO ADMINISTER AND/OR SELL HER PRO INDIVISO SHARE OF A PROPERTY MILAGROS V. GAABUCAYAN, JERSON V. GAABUCAYAN, ELENA CHRISTINE G. NARCISO, RUTILLA MARJORIE G. KIONISALA, HONEY MARGARETTE G. ARDA, MARY JANE G. ARAS, SOL BARBARA G. CRUZ represented by HONEY MARGARETTE G. ARDA, FAUSTINO FLORISCEL V. GAABUCAYAN represented by JOHNNY ARAS AND LESLIE G. SANTOS represented by JOHNNY ARAS, Petitioners, X----------------------------------------------------------//
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NOTICE OF EXTRA-JUDICIAL SALE File No. 2013-270
OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE FILE NO. 2013-273 Upon extra judicial petition for sale under Act. 3135 as amended filed by HOME DEVELOPMENT MUTUAL FUND OR PAG-IBIG FUND, mortgagee, with office address at Pag-ibig Building, J.R.. Borja St. Cagayan de Oro City, against SHEILA M. MANATUM, married to DARIO L. MANATUM, mortgagor/s, of legal age/s, Filipino/s with postal address at Lot 15 Block 25, LA BUENA VIDA SUBDIVISION, Lumbia, Cagayan de Oro City to satisfy the mortgaged indebtedness which was as of September 2, 2013 amounts to EIGHT HUNDRED TWENTY TWO THOUSAND SEVEN HUNDRED TWENTY TWO PESOS AND 88/100 (P822,720.88) Philippine Currency excluding interest, penalty charges, attorney’s fees and expenses of foreclosure, the undersigned sheriff will sell at public auction on November 11, 2013, at 10:00 o’clock in the morning or soon thereafter at the RTC Branch 22 Office, Arch Hayes St., Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency. the herein described property and all improvements thereon to wit: TRANSFER CERTIFICATE OF TITLE NO. T-191141 A PARCEL OF LAND (Lot 15, Block 25 Of the Subd,plan, Psd-10-031036, being portion of Pcn-10-000226) situated in the Barangay of Lumbia, City Of Cagayan de Oro, Island of Mindanao. Containing an area of ONE HUNDRED TWENTY ( 120 ) SQUARE METERS more or less. Prospective buyers/bidders may investigate for themselves the title herein described property and encumberances thereon, if any there be. All sealed bids must be submitted to the undersigned on the above stated time and date. In the event the public auction should not take place on the said date, it shall be on the next working day without further notice. Cagayan de Oro City, September 30, 2013.
FOR THE PROVINCIAL EX-OFFICIO SHERIFF
(Sgd.) JOEL LYDVEL G. PAKINO Sheriff IV BWM: Oct. 19, 26 & Nov. 2, 2013
Upon extra judicial petition for sale under Act 3135 as amended filed by HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG FUND, Mortgagee, against ERWIN G. PAINAGA, Mortgagor with postal address at Lot 57 Blk 17 Bloomingdale Subd., Iponan, Cagayan de Oro City to satisfy the mortgage indebtedness of THREE HUNDRED SIXTY NINE THOUSAND SEVEN HUNDRED NINETY TWO PESOS and 44/100 ( Php 369,792.44 ), inclusive of interest and penalty charges of August 19, 2013, plus expenses of foreclosure, the undersigned Sheriff will sell at public auction on November 4, 2013, at 9:00 am to 4:00 pm, at the Regional Trial Court, Branch 18, Room 117, Hall of Justice, Hayes St. Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the following property described below including all existing improvements found thereon to wit; TCT NO. T-194154 A PARCEL OF LAND (Lot 57, Blk 17,Pcs-10-003948, being a portion of Lots 3615-B, Psd-10-004675, 24178-A, Psd-10-009444, 3614-A1-B,Psd-10-009566, 24178-B-1, Psd-10- 010320,24178-B-2-A, Psd-10052968, 24178-B-2-B-1, Psd-10-054199,24178-B-2-B-6, Psd-10- 054199, 24178-C-1, Psd-10-054997, 3605 Cad 237, Cagayan Cadastre including all improvements existing thereon, situated in Barangay Iponan, City of Cagayan de Oro, Island of Mindanao, containing an area of FIFTY (50) SQUARE METERS, more or less. 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 legal 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 encumbrance thereon, if any there be. Cagayan de Oro City, September 25, 2013.
FOR THE EX-OFFICIO PROVINCIAL SHERIFF: (Sgd.) NIZA P. TACANDONG Sheriff IV
BWM: Oct. 12, 19 & 26, 2013
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October 26-27, 2013 Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 20 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL FORECLOSURE EJF File No. 2013-293
Upon extrajudicial petition for sale under Act No. 3135 as amended by Act No. 4118, filed by RURAL BANK OF CABADBARAN, INC., duly organized and existing under Philippines Laws with principal office address located at Cor. Garame & Cabeltes Sts., Cabadbaran, Agusan del Norte, with Branch Office at Cor. Dolores-Tiano Sts. Cagayan de Oro City, against SPS. EDWIN L. VILLAMOR and BERLINA P. VILLAMOR, Filipinos, married, both of legal ages, with postal address at Zone 6, Bonbon, Cagayan de Oro City, to satisfy the mortgage indebtedness which at present amounted to ONE MILLION FOUR HUNDRED FORTY SEVEN THOUSAND EIGHT HUNDRED SIXTY SIX & 67/100 PESOS (Php 1,447,866.67), Philippine currency, inclusive of interest & penalty charges, attorney’s fees and expenses of foreclosure, the undersigned or duly authorized deputy will sell at public auction on January 9, 2014, at 10:00 a.m. or soon thereafter at the main entrance of the RTC-BR.20, Hall of justice lobby, Hayes St., Cagayan de Oro City to the highest bidder, for CASH in Philippine Currency, the following property/ies described below with all the improvements thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-171179 “A PARCEL OF LAND, INCLUDING ALL IMPROVEMENTS FOUND therein ( Lot 1632-B-2-A-2-A, Psd-10-050710, being a portion of Lot 1632-B-2-A-2-A, Psd-10-044501), situated in Bonbon, City Cagayan de Oro City, Island of Mindanao. Bounded on the NE., along lines 1-2-3 by Lot 22315-B, Psd-10-003748; on the SE., along line 3-4, by Lot 1632-C, Psd-10-003486; on SW., along lines 4-5- by Lot 1632-B-2-A-2-B of the subd. Plan of Psd-10-050710; of the NW., along line 5-1 by Existing Road (4.00m. wide) xxx Containing an area of TWO HUNDRED (200) square meters more or less, and assessed at Php 149,000.00 and Php484,923.34 (Building), and covered by Tax Declarations Nos. G-083051 and G-082931, respectively, and both declared in the names of EDWIN VILLAMOR and BERLINA VILLAMOR, of Zone 6, Bonbon, Cagayan de Oro City.” 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 legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title and tax declarations herein above-described and encumbrances thereon, if any there be. October 16, 2013, Cagayan de Oro City, Philippines. (Sgd.) CELESTIAL VENUS G. GELBOLINGO Sheriff IV BWM: Oct. 26, Nov. 2 & 9, 2013
NOTICE OF EXTRA-JUDICIAL SALE FILE NO. D-2013-360 Upon extra judicial petition for sale under act 3135 as amended filed by RADIOWEALTH FINANCE COMPANY, (brevity known as RFC) with office and business address located at Iligan City against (FLORIDA G. ABONITALLA AND JOEY V. ABONITALLA of Pk. 21 Poblacion, Manticao, Misamis Oriental) to satisfy the mortgage indebtedness which as of September 30, 2013 amounts to P 506,518.06 excluding penalties, charges, attorney’s fees and expenses of foreclosure the undersigned or his duly authorized deputy will sell at foreclosure the undersigned or his duly authorized deputy will sell at public auction on November 07, 2013 at 10:00 A.M. or soon thereafter at the entrance of the Office of Regional Trial Court Branch 44, Initao, Misamis Oriental to the highest bidder, for cash and in Philippine currency the following property with all its improvements, to wit: LIST OF MORTGAGED PROPERTY REGISTRY OF DEEDS FOR TRANSFER CERTIFICATE OF TITLE NO. T-12311 “A parcel of land (LOT 1-H-3-D, PSD-10-010675, being a portion of Lot 1-H-3, PSD-10-000971), situated in the Barrio of Poblacion, Municipality of Manticao, Province of Misamis Oriental, Island of Mindanao, containing an area of THREE HUNDRED (300) SQUARE METERS, more or less bearing true, date of original survey April 5, 1950 and that of the subdivision March 2, 1988, executed by Pesto C. Labis, Geodetic Engineer and approved on May 5, 1988. “Prospective buyers may investigate for themselves the title herein above described and encumberances therein if any there be. “In the event the auction should not take place on the said date it shall be held immediately on next day without further notice. September 30, 2013. FOR THE PROVINCIAL SHERIFF (Sgd.) NORBERTO F. LABIS SHERIFF IV
BWM: Oct. 19, 26 & Nov. 2, 2013
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Banking&Finance
Sun Life PH exceeds sales force targets SUN Life of Canada (Philippines), Inc. exceeded its sales force target for 2015, making the local unit of the Toronto-based insurer an example and brand model for its entire operations in Asia. Kevin Strain, Sun Life Financial Asia president, who frequently f lies to Manila from Hong-Kong, said in a roundtable discussion with reporters that the Philippines is the company’s most important market among its seven locations in Asia. Strain noted the 5,000 agenc y force target s et for 2015 has already been exceeded by Sun Life Philippines this year, while hurdling to becoming the leader in the life insurance industry in terms of gross premiums. Combining the bancassurance business that
Sun Life Philippines entered into with the Yuchengco group Grepa, their local market share would account for 25 percent. The Asian markets c o nt r i b u t e ro u g h l y 1 0 percent to Sun Life Financial annual net revenues, Strain said. With its “impressive” performance, the visiting of f i c i a l f rom Su n L i fe Financials revealed that some of the Philippine executives have been tapped t o l e a d t h e c omp any ’s operations in Vietnam and Malaysia. Likewise, he added that other executives from India,
Vi e t n am an d Ma l ay s i a occasionally fly to Manila and visit Sun Life Philippine headquarters to learn the mechanics of building a successful business, and expand the brand presence. Strain said that Sun Life Philippines’ performance reflects the robust economic expansion in the country. Meanwhile, Strain said that Sun Life Financial awaits its Philippine operations to report new business worth
P5 billion by 2015. Michael Gerard Enriquez, Sun Life Philippines chief investments officer, meanwhile, said that the local insurer is interested to participate in the MactanCebu International Airport terminal upgrade. Enriquez, however, said that Sun Life may join any big-ticket project of the government as a funder or creditor instead of being an equity investor.
SEC okays Ayala’s P10-B fundraiser AYALA Corp has received clearance from the Securities and Exchange Commission to raise P10 billion from the sale of preferred shares early next month. In a text message, SEC secretary Gerard Lukban said the regulator, during an en banc meeting on Thursday, approved the registration of 20 million preferred Class “B” shares of the Philippines’ oldest conglomerate with a par value of P100 apiece. Preferred shares take
precedence over common shares when dividends are paid out but don’t participate in extra dividend payouts. Documents from the SEC show Ayala will sell the shares at P500 apiece during the offer period from November 4 to 8. The shares will be listed on the first board of the Philippine Stock Exchange. The shares will have a fixed quarterly dividend rate based on a 10-year Treasury rate plus a spread. Structured as perpetual, the preferred
shares have a call option on the 10th and 15th year, which means Ayala can buy them back on those years. Proceeds from the share sale will be used to redeem P6 billion worth of preferred class “A” shares maturing November and refinance P4.25 billion in bank loans due this December. BPI Capital Corp will be the issue manager and lead underwriter of the offering. Last March, Ayala cleared the amendment to its Articles
of Incorporation exempting from pre-emptive rights the issuance of up to 100 million in common shares. Aside from its recent i nv e s t m e nt s i n p ow e r generation and transport infrastructure, Ayala has businesses in real estate, b an k i ng and f i n anc i a l services, telecommunications, water distribution, automot ive de a lership, electronics manufacturing service, business process outsourcing, among others.
Del Monte...
long-term supply agreements. Higher volumes and better sales mix pushed turnover by 12 percent to $335.4 million in the nine months through September from $300.2 million a year ago. NutriAsia Pacific Ltd of the Campos family owns 67 percent of Del Monte Pacific. The NutriAsia group is the market leader in the liquid condiments, specialty sauces and cooking oil markets in the Philippines.
ICT solutions that PLDT is rolling out. We are anticipating what our clients will need – not just merely meeting their requests, but thinking ahead and exceeding these,” Alberto added. Napoleon L. Nazaren, PLDT president and chief executive said the company has always been at the forefront of introducing global innovations in the country with PLDT’s continuous infrastructure and core systems investments ensuring its subscribers the benefits and services of a “future-proof” network. Housed in PLDT’s network of worldclass data centers, VITRO, PLDT Cloud CCaaS provides enterprises’ contact center operations with vital applications including conversational and PCI-compliant interactive voice response (IVR), Automatic Call Distribution (ACD) and Reporting and Call recording. Also available are Remote office, agent performance, and Professional services for a seamless integration of backoffice applications from multiple platforms.
The training includes coffee plantation management, peace and reconciliation and financial management. The trainees are not allowed to graduate unless they can produce quality coffee, preferably following the wet process as it is cleaner and more flavorful. She said the country has not been exporting Arabica Coffee for the past 27 years but they had a breakthrough last 2011 when they exported Arabica from Mt. Matutum to Canada. “But Level Ground (importer) from Canada wanted 50 tons a month and we could only deliver 600 kilos,” she said. Pates admitted that they could not even supply the local demand, much more the huge demand from the international market. They also have inquiries from Japan and Europe but they could not commit as of now until they see the first harvests beginning this year. She said they expect to see a good harvest late this year and by 2014 since they only started planting in 2009. Most of the farmers rejuvenated the areas already planted with coffee so that they produce better quality and yield. Following the correct process, each tree can produce 3 to 5 kilos; otherwise, it would only produce less than a kilo of coffee. “The good thing about Arabica is that it can be intercropped with strawberry and carrots so the farmers have other sources of income while waiting for the coffee trees to bear fruit,” she said. And since the Arabica variety requires only 25 percent of sunlight, they also encourage the farmers to plant more trees and contribute to reforestation. (PNA)
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million in transaction fees for the purchase of US-based Del Monte Foods’ consumer food business. Last June, Del Monte Pacific listed on the Philippine Stock Exchange by way of introduction, marking the first dual listing on the local bourse. It has been listed on the Singapore Stock Exchange since 1999. Excluding the extraordinary expense, Del Monte Pacific’s core profit increased seven percent year-on-year to $8.9 million. For the first nine months, its net income also dropped by five percent to $17.8 million from last year’s $18.8 million because of non-recurring acquisition and listing expenses. Adding them back, earnings would have advanced 11 percent to $20.7 million in the January to September period. “The group expects that the transaction fees would be approximately $6 million for the year, which would impact net earnings. However, the base operating income of the group is expected to be higher than last year,” Del Monte Pacific said. Sales hit $127 million in the third quarter, up nine percent from $116.6 million in the same comparable period, buoyed by the four percent growth of the branded business and 19 percent expansion of the non-branded business. The company’s branded business -- comprising Del Monte in the Philippines and the Indian subcontinent as well as S&W in Asia and the Middle East -- accounted for 65 percent of total sales in the third quarter, while the non-branded segment contributed 35 percent. “Our initiative to increase juice capacity in the Philippines supported the strong demand for our juices in this key market, while giving us the extra capacity to serve the Asian markets under the S&W brand, thus enabling us to generate higher sales and profitability,” said Joselito D. Campos Jr, managing director and chief executive officer of Del Monte Pacific. The company said the culinary and processed fruit segments in the Philippines – as well as the early introduction of Christmas packs -- also sustained their first half growth momentum. Del Monte Pacific’s non-branded business generated sales of $44.8 million, or a 19 percent improvement year on year, fuelled by better sales of processed pineapple and tropical mixed fruit products. The nonbranded business comprises industrial and private label sales, including sales to non-affiliated Del Monte companies under
PLDT... from page 3
outright purchase or features or applications that they never use,” Ocampo said. “With PLDT CCaas pay-per use, pay-per application, they have the options to make it a per minute or per log agent or for concurrent users,” she added. In 2012, the BPO industry grew by 22 percent from the previous year contributing almost 20 percent to employment that year. The industry is projected to grow by 49 percent in 2016 with revenues reaching $16 billion. “With the PLDT Cloud, organizations avoid the long, painful steps of infrastructure purchasing and installation. PLDT’s cloud-based Contact-Center-as-a-Service introduces a revolutionary solution for BPOs in terms of needed flexibility and scalable performance,” Juan Victor I. Hernandez, PLDT first vice president and head of PLDT ALPHA Enterprise said. “The solution allows us to be able to provide contact centers with ramp up and ramp down solutions. So, for their seasonal ramp up needs they can actually do that because the solution is in the cloud. So it is very flexible in terms of pricing because it is pay per use, or per application, per agent or per minute,” he said, adding that the solution will not result in a reduction of call center agents. “I don’t think it will affect any agents. In fact it will allow call centers to do it very briefly, because of the CCaas so it will compliment the whole market. And by the way, it is the only solution available in the country. We are the first to offer such solution here in the Philippines,” Hernandez said. Virtual contact centers have boomed in the US, prompting enterprises, particularly small seat deployment companies to rely on the “cloud” for their operations. “PLDT Cloud CCaaS is a highly flexible solution that easily evolves to match the changing contact center needs of enterprises, and seamlessly fit into existing infrastructures,” Ernesto R. Alberto, PLDT executive vice president said. “It exemplifies the kind of cutting-edge
Arabica... from page 4
They discovered that the area is richly planted with coffee trees despite the Coffee Leaf Rust in the 1800s which wiped out almost all coffee plantations in the world. They got some samples of the coffee beans grown at Mt. Matutum and sent it for cupping to one of Canada’s biggest coffee companies who was impressed and confirmed the high quality of the sample. There are four major varieties of coffee including Arabica, Robusta, Liberica and Excelsa. The Kapeng Barako from Batangas falls under Liberica variety. Mindanaoans however refer to any coffee produced in the mountains as “native” regardless of the variety. Majority or 80 percent of the coffee being produced in Davao and in the country is Robusta since this is the variety being bought by companies like Robina and Nestle for their 3in1 coffee products. While Robusta is good for blending, she said, we are encouraging farmers to plant more Arabica since it is premium quality coffee that has less caffeine, less acidic and has a high 70 percent demand in the global market. “We have an estimated 1,300 hectares of Arabica coffee from our trained farmers,” she said. Coffee for Peace now has trained a total of 27 tribal communities mostly from the B’laan tribe and 972 farmers.
Import... from page 4
with a beginning inventory good for 74 days in 2014 according to the Agriculture official. “This will be a significant increase from the current sufficiency level of 87 percent,” Delima noted. “So, I think if importation will be made for next year, it may all be made within the MAV,” he said. MAV or minimum access value is a Philippine commitment to the World Trade Organization, under which 350,000 metric tons (MT) of rice may enter the country at 40 percent duty. Imports outside the MAV are levied a 50 percent tariff. The Philippines produced 18.3 million MT of palay last year. “We are now harvesting... so importing would harm farmers because it would compete with their produce,” Delima noted.
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Resort... from page 1
And what do we expect from a resort? Name them and you’ll surely miss them. It’s because they are not yours for a long-time living. Until A Brown Company Inc. decided to offer the first ever residential resort at the most accessible coastal town just between two of the urbanized cities in Northern Mindanao. Overlooking the tranquil waters of Iligan Bay, Coral Resor t Estates of fers a sanctuary for the privileged few. Situated in Barangay Pa g a h an , In it a o t ow n , Misamis Oriental, Coral Resort Estates is seated about 39 km. west of Cagayan de Oro City, 29km. east of Iligan City and some 16 km. southwest of the new Laguindingan International Airport. In it, there is always something for every member of the family – a putting for dad, a meditation garden for mom and aquasports facilities for the kids. Other outdoor amenities include a gazebo, parks and playground, infinity pool, view deck, floating jetty, a diving area and a clubhouse with open lounge, function hall and a restaurant -- all for the exclusive use of residents only. What a great way to enjoy your weekend – in your own resort home. Already, a model house stood within for you to view – so typical like one of those you stayed on briefly. Rememb er the op en veranda where you stared at sunset or simply listened to the waves touching the sand? It’s there, and there for you to stay for as long as you want, because it’s your home. Remember the last time you sat down in one of the beach benches you stayed with your family? Remember the people you watched swimming, sun bathing? Remember the feeling of having to watch birds fly just a little above the surface of the sea to hunt for their prey? Remember what it feels like when the night cold wind from the shore touches your skin? Remember, what you hear as the sun rises and how wonderful it was to have breakfast in an open veranda? Remember, what you smell out of the sea shore while you were walking barefoot in the sand? They’re all gone now. But, A Brown’s offer on the first residential resort in Initao – either house and lot or lot only -- will not only bring back those beautiful memories. They’re yours lifetime – your home after all. All the things that are happening around you in a resort – experience them at Coral Resort Estates and rediscover nature at its full splendor. Be one of the very few to own a resort home. A Brown’s first ever resort home estate
– Coral Resort Estates. It’s paradise on earth. A Brown Inc. is also the developer of the following estate properties: Xavier Estates (CDO), Ventura Residences (CDO); Taekwood Hills (CDO); Valencia Estates (Bukidnon); West Highlands (Butuan); Mountain Pines Farm (Manolo Fortich, Bu k idnon); Xav ier v i l le (CDO); and Saint Therese (CDO).
Tuna... from page 1
Industry officer Arnel S ay c o o f t h e re g i o n a l Department of Trade and Industr y (DTI XI) said domestic sales of tuna in their various forms--fresh, frozen, chilled, canned and processed also racked up total domestic sales of P110 million benefiting both big and small tuna producers in the region. To boost the production capacity and improve the quality of the tuna industry, a series of six training workshops were conducted during the same period which benefited some 120 tuna small processors who produce various kinds of tuna-based food products like sausages, longanisa, hot dogs, etc. Tuna industry officer Cecile Loquias of the Gensan Chamber of C ommerce an d In du s t r y s ai d t h e tuna industry cluster team had been busy these past months strengthening the organizations of small-scale tuna processors, training them to develop new quality tuna products both for Filipino and foreign markets. Now recognized by the R e g i on a l D e ve l opm e nt C ounc i l as a “pr i or it y industry”, the tuna industry here has been putting up programs to help small tuna processors get easy financing from banks and lending firms. Thes e prog rams are expected to maximize their access to all available markets for their products in both domestic and foreign markets, according to project officer Shalimar Abdurahman of Socksargen Federation of Fishing and Allied Industries. Abdurahman said nearly 70 small enterprises which produce various kinds of processed tuna products had been provided with technical help in upgrading the quality of their products and increasing the production capacity of their processing operations in the region. (PNA)
Ban...
Resources -- Davao Region (BFAR-11) head of fishery licensing, regulatory and law enforcement, said that the period is enough for small pelagic fish species to spawn as the agency observed. Sma ll p elag ic f ishes i nclu d e anchov i e s and roundscad (galunggong). According to the proposal, such fishes “live near the surface or in the water column of coastal ocean, usually caught by either commercial or municipal fishing gears like ‘bagnet’, ‘ringnet’ and other modified fishing gears of similar fishing operations.” The National Fisheries and Aquatic Res ources Management Council will e v a lu ate t h e prop o s a l. The previous draft, which was agreed upon during a multisectoral consultation, was to implement a twoyear commercial fishing ban within the gulf after experts evaluated that fish catch has slowly dwindled due to overfishing. Mr. Villanueva explained that, based on the initial study of the bureau, the decline of fish catch within the gulf has been significant, and there is a need to remedy the situation in order for small fishers to increase their income. Based on the proposed administrative order, the prohibition includes the selling, purchasing, killing or catching small pelagic fishes caught in the gulf. The proposal also carries a penalty clause with a fine of as much as P100,000 or six months in jail, depending on the ruling of the judge. The proposal came about after a group of fishers in Governor Generoso, a coastal town in Davao Oriental, blamed commercial fishing for the decline of their catch. The fishers said that while big commercial fishers use modern fishing methods and equipment, small fishermen within the municipal waters still use crude fishing methods like fish nets. Government agencies also pointed out that commercial fishing methods can catch even juvenile fish. “The potential yield of Davao Gulf is already beyond the maximum potential yield,” the proposal also stated, pointing to the need to arrest the situation.
Boost... from page 1
In a report submitted by the industr y cluster to consultants of Japan
International Cooperation Agency (JICA), a total of P240.3 million in investments were poured in various oil palm projects in Mindanao during the first six months this year. Industry officer Raul Nuevas, secretary of the Caraga Palm Oil Development Council said more and more inquiries were received by the industry council from investors and businessmen showing keen interest in making investments in the oil palm business. “Our target this year for investments was P198 million, but it went beyond our expectation when the actual investments hit P240 million” Nuevas said. The biggest surprise of the industry cluster was the domestic sales for palm oil which they set at P110 million as their target for the first half this year, but went beyond the target when the actual sales recorded during that period hit a whopping P791 million. “Demand for palm oil has been going up consistently in global market, that is why we’re getting more and more investors coming to this industry,” Nuevas said. Industr y coordinator Ar nol d Fa el nar of t he Department of Trade and Industry (DTI) in the Caraga region also reported that nearly 300 new jobs were created from new investments in the oil palm industry while 15 growers venturing into oil palm farming underwent training in various farming technology to produce better quality oil palm nuts. Faelnar said the oil palm industry team so far, was able to put up a 50-hectare oil palm nursery servicing the needs of oil palm growers in the Caraga region marking it as a milestone of the industry this year. To keep the growers s up p l i e d w it h or g a n i c fertilizer, the industry cluster also coordinated the setting up of shared service facilities (SSF) consisting of equipment which produce farm-based natural fertilizers using organic matter available from the farm. One of the industr y cluster’s priority projects this year was a reference booklet for oil palm investors, growers and plantation owners, called the “Philippine Palm Oil Industry Roadmap”, which marks it as another significant milestone in the palm oil industry. (PNA)
from page 1
two years. In a revised draft proposal, the two departments agreed CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers that the annual ban Kalambagohan Sts., should Tel. # (08822) 727-829 * s t a r t Telefax from Ju856-1947 n e u nt i l # (088) September, starting next CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, year, Camiguin and noted such Tel. # (088) that 387-0491 a periodCORRALES is enough to cover BRANCH Corrales Ave., Cagayan de Oro City the spawning of fish within DIVISORIA BRANCH the gulf. Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Originally, proposal Tel. # (088) the 857-3631 was for two years, LAPASAN BRANCHor from Hi-way, Cagayan de Oro City 2014Lapasan to 2016. Tel. # (088) 231-6739 Jose A.CARMEN Villanueva, BRANCH Bureau Vamenta Blvd., Cagayan de Oro City of Fisheries and Aquatic Tel. # (088) 231-2011
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CDO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947
DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631
CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491
LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739
CORRALES BRANCH Corrales Ave., Cagayan de Oro City
CARMEN BRANCH Vamenta Blvd.,Cagayan de Oro City Tel. # (088) 231-2011
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