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BROCCOLI P40/KLCAULI FLOWER P40/KLBAGUIO BEANS P12/KLCABBAGE P7/KLCHINESE PECHAY P6/KLPOTATO P37/KLCARROTS P65/KL TOMATO P650/BOXATSAL P60/KLSWEET PEAS P70/KLEGGPLANT P10/KLLUY-A P40/KL
Agora Vegetable Landing Area (All Selling Price)
Contact: Ms. Evelyn SanchezCell No. 09081067819
www.businessweekmindanao.com P10.00Issue No. 13, Volume II • August 23-29, 2010
See See PLANTSPLANTS/p.11/p.11
See See CITIESCITIES/p.11/p.11
See See SALARIESSALARIES/p.8/p.8
Mariculture forumINTERNATIONAL seafood buyers are turning to mariculture farms for a sustainable supply of popular marine species like grouper to meet the grow-ing demand for live food fi sh.
This development, industry ana-lysts say, spells opportunity for Mind-anao, which over the past decade has been developing the components for an integrated mariculture industry with the potential to signifi cantly expand its exports, while helping to conserve food fi sh stocks in the wild.
This subject will be the focus of the two-day 1st Mindanao Techno Forum on Mariculture, which will be held at the Chali Beach Resort in Cagayan de Oro City.
The forum is part of the lead-up to the 19th Mindanao Business Confer-ence, which will run from September 17 to 18 in Cagayan de Oro City, San Juan said. (PNA)
Normin censusTHE National Statistics Offi ce of Region 10 is now undertaking machine pro-cessing of the 2010 Census on Popula-tion and Housing in Northern Mindanao at its Census Processing Center (CPC).
The regional offi ce commissioned 142 Cagayanon machine handlers for machine encoding, scanning of all questionnaires, data capture of CPH forms 2 to 5, that is interpretation of optical mark reader (OMR), fi elds and data encoding of write-in entries, com-puterized geographic and household identifi cation, validation, completeness and data consistency checking.
Machine handlers are divided into two shifts; the fi rst shift starts at 8 AM to 2 PM. The second shift starts work at 2:30 PM to 10:30 in the evening. They would be reporting from Monday to Saturday until December. This work should be submitted to NSO Central offi ce in Manila on December or before January 2011.
Oro’s pastel opens shop in Ali MallCAGAYAN de Oro’s famous pasalubong delicacy Vjandep Pastel will soon pen-etrate the Luzon market as its owner is considering accepting a proposal to open a bakeshop inside a mall in Manila.
Retired Colonel Virgilio Jose, owner of Vjandep Pastel, said the management of Ali Mall in Manila has sent a proposal for the company to open a bakeshop inside the mall.
Jose said the mall’s manage-ment offers to provide a space for Vjandep Pastel, now considered as the most chosen “pasalubong” (treat) for both balikbayans and Filipinos going abroad.
Pastel, a Spanish term for cake, originated from Camiguin Island. It has become the favorite pasalubong delicacy in Northern Mindanao.
STORY ON PAGE 10
E-mail ad : [email protected] Tel. Nos.: (088)856-7703, (08822)72-02-33 , (088) 587-1390, 0923-432-0687
YOUR LOCAL ON-LINE BUSINESS PAPERBusinessWeekBusinessWeek
Gov’t to defer sale of Agus-Pulangi plants
TO ATTRACT INVESTORSTO ATTRACT INVESTORS
TREASURED CATCH. A man carries a 7-kilo fi sh locally known as “haha-an” caught in the fi sh-rich seas of Kinoguitan town in Misamis Oriental. The treasured catch was among those displayed during the Salo-Tabo Sa Kapitolyo 2010 which opened at the Capitol ground over the weekend. BWM PHOTO BY GERRY L. GORIT
TOP CORPORATE TAXPAYER. The Cagayan Electric Power & Light Company, Inc. (Cepalco) recently swept the top 3 corporate taxpayers’awards during the 106th BIR Reg. 16 Anniversary Celebra-tions held last Aug. 6, 2010. Under the corporate category, Cepalco took the Top Income Taxpayer; Top Value Added Taxpayer; and Top Withholding Taxpayer awards. Shown during the awarding are: (L-R) BIR Asst. Reg’l Director Mr. Mamapok Diro, BIR Region 16 Director Ms. Esmeralda Tabule, Cepalco President & COO Mrs. Consuelo G. Tion, BIR Revenue District Offi cer Ms. Esther Palala and Cepalco Accounting Dept. Manager Ms. Pacita Chavenia D. Gabriel. (Photo Provided/Advertorial)
By NELSON V. CONSTANTINO, Editor-in-Chief
Cagayan de Oro is next business process outsourcing hub.
During the midyear Eco-nomic Managers Briefing held in Manila last week, De-partment of Energy Secretary Jose Rene Almendras said the government intends to effi ciently manage electricity prices in the region to attract investors.
“I’ve made it known that I’m not eager to sell 982.1-megawatt Agus and Pulangi hydropower complex. Part
THE Aquino administration is keen to put on hold the projected sale of the two biggest hydropower complexes in
Mindanao as provided in the Electric Power Industry Reform Act (Epira) of 2001.
of the solution to Mindanao’s power situation is the ap-propriate use of those hydro-power plants not just for sup-plying electricity, but also in a pricing equation to manage the shift ing to the true cost of power,” Energy Secretary Jose Rene Almendras said.
“Th e Energy department is looking to use the power plant to balance the interests
CAGAYAN de Oro 1st district Rep. Jose Benjamin Benaldo has urged President Noynoy Aquino to immediately investigate and address the reported “irregular and scandalous” salaries and allowances of top offi cials of Government-Owned and Con-trolled Corporations (GOCCs) and Financial Institutions (FIs).
Benaldo said the salaries of GOCC of-fi cials are inappropriate, especially amid the poverty-stricken state of the average Filipino family.
CAGAYAN de Oro City is fast becom-ing the country’s next hub for infor-mation technology-business process outsourcing (IT-BPO) as it now ranks seventh in the 10 “next wave cities” identifi ed by the Business Process-ing Association of the Philippines (BPAP), Commission on Information and Communications Technology (CICT) and Department of Trade and Industry (DTI).
Oro is ranked 7th in RP’s ‘next wave cities’The list include Davao City as
number one, followed by Sta. Rosa in Laguna, Bacolod in Negros Oc-cidental, Iloilo, Metro Cavite, Lipa in Batangas, Cagayan de Oro, Malolos in Bulacan, Baguio and Dumaguete in Negros Oriental.
Angeles-Clark, on the other hand, improved its status from a next wave city to an established IT-BPO similar to Metro Manila and Metro Cebu.
The identifi cation and develop-ment of next wave cities is aimed at spreading the growth and benefi ts of the IT-BPO industry in terms of more employment, higher incomes and increased economic activity, as well as ease salary and rental pressures to support its continued expansion.
BPAP information and research director Gigi Virata said
Oro solon seeks probe on GOCCs excessive salaries
By RUEL V. PELONE, Online Editor Benaldo cited the high salaries of the of-fi cials and employees of the National Power Corporation (Napocor) in Cagayan de Oro City.
Benaldo said Napocor janitors are re-ceiving P20,000 salary per month and free electricity.
“When I served as councilor in CDO, I was informed that, while we exhausted all eff orts to bring down electricity rates in our province - where majority of families live below the poverty threshold - their employees enjoy free electricity shouldered by us, the consumers,”
SM Cagayan de Oro honors internationl award-winning pia-nist Rudolf P. Golez, couple Henrik Kelly-Joanna Cris Yu and Cathy Genabe (not in photo) of Bigby’s Café and Restaurant.
2 BusinessWeekMINDANAOAugust 23-29, 2010
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EconomyEconomyOro sets aside P300M for modern sanitary landfi ll
THE city government of Ca-gayan de Oro is setting aside a P300 million budget for the construction of a sophisti-cated sanitary landfi ll.
Said plan to construct a sanitary landfi ll came about out in an eff ort to solve the rising problem of garbage disposal in this fast-growing and progressive city in the region.
The Department of En-vironment and Natural Re-sources (DENR) in Northern
Mindanao is now assisting the city government in con-structing said sanitary landfi ll located at Barangay Pagatpat in this city.
Alex Jimenez, Chief of DENR’s Mindanao’s Environ-mental Impact Assessment Monitoring Division, said the area size of the proposed landfi ll site is about 30 hect-ares.
Currently, the existing landfill is located at Sitio Zayas in Barangay Carmen, also this city.
Technical personnel with the city government along with the DENR’s assistance are fast-tracking the prepa-ration of a framework for starting the project by either yearend or early next year.
TUBOD, Lanao del Norte -- To intensify and contain the management in developing the website of the provincial government of Lanao del Norte, all provincial offi ces in the Capitol building at-tended the one-day website workshop conducted by the Provincial Information Of-fi ce (PIO) together with the website developer, Iligan Computer Institute (ICI) at the provincial administration conference hall on August 17.
Department heads
Lasureco distributes CFL to consumers
By APIPA P. BAGUMBARAN
MARAWI City––To help consumers control their elec-tricity demand, the Lanao del Sur Electric Cooperative Inc. (LASURECO) started the distribution of Compact Florescent Lamps (CFL) to their consumers in this city, yesterday, August 17.
Sultan Ashary P. Mao-ngco, General Manager of LASURECO, said residen-tial consumers can avail of the free CFL by presenting their electricity bills and ex-changing their incandescent bulbs.
The Switch to CFL, he said, is a campaign under the Philippine Energy Effi ciency
Project (PEEP) being imple-mented by the Department of Energy (DOE) with the support from the Asian De-velopment Bank.
Th e campaign is aimed at reducing energy consump-tion and greenhouse gas emissions.
Maongco further said the distribution is an implemen-tation of the memorandum of agreement (MOA) on use of CFL between the DOE, National Electrifi cation Ad-ministration and electric cooperatives from Northern Mindanao, the CARAGA region and province of Lanao del Sur signed last April in Laguindingan, Misamis Ori-ental. pia-marawi
Website workshop aims to put Lanao del Norte online
See See ONLINEONLINE/p.8/p.8
3BusinessWeekMINDANAO August 23-29, 2010
4 BusinessWeekMINDANAOAugust 23-29, 2010 Corp.BoardCorp.Board
Editor: Nelson Constantino
Republic of the PhilippinesRegional Trial Court of
Misamis Oriental10th Judicial Region
Branch 38Cagayan de Oro City
In the Matter of the Estate SPL. Proc. Case No. 2001-185of Antonio M. Go, Sr., Elvira L. Go,
Petitioner, For: Issuance of Letters of Administration
-versus- Eladia L. Go, Rogelio L. Go, Carlos L. Go, Franklin L. Go, Celia Go-Ramos, Ruben L. Go, Antonio L. Go, Jr., Alvin L. Go,
Oppositors.X - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - /
ORDER(NOTICE TO CREDITORS)
Letters of Administration having been issued in the above-entitled case in favor of Rogelio L. Go. IT IS HEREBY ORDERED that notice be, and the same is hereby given, requiring all persons having claims for money against the de-cedent, Antonio M. Go, Sr., arising from contracts, express or implied, whether the same be due, not due, or contingent, for funeral expenses and expenses of the last sickness of the said decedent, and judgment for money against him, to fi le said claims with the Clerk of this Court at 2nd Floor, Room 204, Hall of Justice, Hayes Street, Cagayan de Oro City, after six (6) months, but not more than twelve (12) months from fi rst publication of this notice, serving a copy thereof upon the aforemen-tioned Rogelio L. Go, the appointed administrator of the above-entitled estate. The administrator is directed to cause this notice to be published three (3) weeks successively in a newspaper of general circulation in the province, and to be posted for the same period in four public places in the province and in two public places in the municipality where the decedent last resided. Within (ten) 10 days after the notice has been published and posted as provided in the preceding paragraph, the administrator shall fi le in this Court a printed copy of the notice accompanied with an affi davit setting forth the dates of the fi rst and last publication thereof and the name of the newspaper in which the same is printed. So ordered. August 6, 2010, Cagayan de Oro City. (Sgd.) JOSE U. YAMUT, SR. Acting Presiding Judge BWM Aug. 16,23,30,2010
Republic of the PhilippinesREGIONAL TRIAL COURT
10th Judicial RegionBranch 28
Mambajao, CamiguinIn the Matt er of the Peti ti on for Issuance MISC. CASE NO. 95of New Owner’s Copy of OCT No. P-6821,in the name of LEONARDA B. BALISTOY, Peti ti oner.Hon. Att y. Alma Concepcion M. Parreño, Provincial Prosecutor, In her Capacity as Ex-Offi cio Register of Deeds, of Mambajao, Camiguin. Respondent.X - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - /
ORDER
Peti ti oner, thru counsel, avers that she is of legal age, Filipino, widow and resident of Bug-ong, Mambajao, Camiguin, who is the owner and possessor of a parcel of land located at Tagdo, Mambajao, Camiguin containing an area of 4,587 square meters covered by Original Certi fi cate of Title No. P-6821 duly registered in the Offi ce of the Register of Deeds of Camiguin. That the owner’s duplicate copy of the OCT of the aforesaid parcel of l and was lost in her possession and despite earnest eff ort to locate it, the same prove futi le. The fact of such loss was duly registered in the Offi ce of the Registry of Deeds of Camiguin. That said ti tle has not been mortgaged encumbered or sold to any indi-vidual or enti ty nor has been att ached or otherwise confi scated by any lawful authority. The Original Certi fi cate of Title of the above-menti oned parcel of land is intact in the Offi ce of the Register of Deeds in the Province of Cami-guin. It is the main thrust of the peti ti on that aft er hearing new Owner’s Du-plicate of Original Certi fi cate of Title be issued under the same terms and conditi ons as contained in the original on fi le. The peti ti on being suffi cient in form and substance is hereby set for hear-ing on November 10, 2010 in this Court’s Session Hall, to start at 8:30 o’clock in the morning. Let copy of the peti ti on together with all its annexes and of this Order be furnished The Register of Deeds at Mambajao, Camiguin; The Administra-tor, Land Registrati on Authority at Quezon City; and Provincial Prosecutor of Camiguin. The Process Server of this Court is directed to post copies of this Order in the 1.) Bulleti n Board – Public Market, Mambajao, Camiguin; 2.) Bulleti n Board – Municipal Hall, Mambajao, Camiguin; 3) Bulleti n Board – Provincial Capitol, Mambajao, Camiguin; and 4.) Bulleti n Board – this Court. Let copy of this Order be published at peti ti oner’s expense once a week for three consecuti ve weeks prior to the date of hearing in any newspaper of general circulati on in the Province of Camiguin. Any person or enti ty whose interests might be adversely aff ected by this proceeding may fi le writt en oppositi on within a reasonable ti me prior to the date of hearing and appear personally during the hearing to substanti ate the same. So ordered. Done at Mambajao, Camiguin, this 26th day of July 2010.
(Sgd.) RUSTICO D. PADERANGA JudgeBWM Aug. 23,30, Sept. 6, 2010
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making a difference Happy fiesta to all the peopleof Cagayan de Oro City!!!
Greetings from:
FILIPINOS will soon enjoy the convenience of sending and receiving cash to and from their loved ones using Smart Money at Hapinoy outlets.
In a recent agreement between the country’s leading
THE local arm of Japanese car maker Honda Motor Co., Ltd. has belatedly announced that a global recall of some Civic sedans will aff ect mod-els made in the Philippines aft er all.
Seventy-seven units of Civic 1.6 VTi-S produced lo-cally from 2001 to 2002 will have to be repaired to prevent airbags from bursting due to overinflation, Honda Cars Philippines, Inc. said in a statement on its Web site, six months aft er a similar recall was declared in Japan and North America.
Th is was contrary to its statement in February, issued immediately aft er the global announcement, that “the lo-cal market has no reason to worry since all models sold in the Philippines are not aff ected.”
Honda Cars Philippines now says it will undertake a voluntary recall to replace parts of aff ected units.
“Letters of notice will be sent to concerned Civic owners starting August 16, 2010. To conduct the recall in an orderly manner, cus-tomers are requested to call their respective dealers, or the Honda Hotline,” the car fi rm said.
Hapinoy stores to become Smart money centers
Honda recalls 77 Civic cars
wireless services provider and the Philippines’ fi rst and only sari-sari store chain, Hapinoy stores will offi cially become accredited Smart Money Centers.
Today, there are close to 10,000 Hapinoy Stores
comprised of 75 community stores and thousands of retail outlets strategically located in towns and baranggays of South Luzon, Central Luzon, Rizal, Mindoro and Bicol. Beginning September 2010, selected Hapinoy stores will
enable townfolk to load funds into, or withdraw cash from their Smart Money electronic wallets without having to travel long distances to banks or remittance centers. Th ey may also easily load their SMART and Talk ‘N Text mobile phones at all Hapinoy stores.
“We are happy to expand our current partnership with Hapinoy, to spur entrepre-neurial opportunities and economic growth for mem-bers of the Base of the Pyra-mid (BOP),” said Orlando B. Vea, SMART Chief Wireless Advisor. “By becoming Smart Money Centers, Hapinoy Stores will allow us to give
more Filipinos additional ways to improve their live-lihood, while at the same time providing easier access to SMART’s cutting-edge products and services, in-cluding our award-winning Smart Money platform,” Vea added.
Th is new collaboration is an enhancement of the part-nership sealed in 2007 with Microventures, Inc. (MVI)—the social business enterprise behind Hapinoy. MVI initi-ated the Hapinoy project in an eff ort to empower sari-sari stores by linking them direct-ly to partner product manu-facturers and Microfi nance
See See CENTERSCENTERS/p.7/p.7
5BusinessWeekMINDANAO August 23-29, 2010
Editor: Nelson ConstantinoCorp.BoardCorp.Board
Republic of the PhilippinesREGIONAL TRIAL COURT OF LANAO DEL NORTE
12th Judicial RegionOFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF
Tubod, Lanao del Norte
NOTICE OF EXTRA-JUDICIAL SALEEJF No.: 144-07-2010
Upon the Extra Judicial Petition for Sale under Act 3135/1508, as amended, fi led by PAG-IBIG/HOME DEVELOPMENT MUTUAL FUND (HDMF) Iligan City, against, BERNADETTE and EBRAHIM B. MINANGA of Poblacion, Tubod, Lanao del Norte, amounting to ONE MILLION ONE HUNDRED EIGHTY NINE THOUSAND FOUR HUNDRED FORTY EIGHTY PESOS & 35/100 (P1,189,448.35) pesos only excluding penalties, charges, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on September 23, 2010 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Poblacion, Tubod, Lanao del Norte, to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements, to wit:
LIST OF MORTGAGE PROPERTIESTRANSFER CERTIFICATE TITLE NO. T-19,859
A parcel of residential lot with all the improvements such as residential building and etc. Identifi ed as Lot No. 3079-A, Psd-123522-019111 with an area of Six Hundred Sixty Nine (669) square meters, situated at Bulod, Tubod, Lanao del Norte. Bounded at the N.E., along line 1-2 by existing road, and on the N.W., S.W., and S.E., along lines 2-3-4-1 by Lot No. 3079-B, Psd-123522-019111.
“All sealed bids must be submitted to the undersigned on the above stated time and date. Tubod, Lanao del Norte, Philippines, 26th day of July 2010.
For the Clerk of Court and Ex-Offi cio Sheriff
(Sgd.) CONRADO V. HINGCO, JR. Sheriff IV
WARNING: It is absolutely prohibited to remove Deface or Destroy this NOTICE OF SALE on or before the date sale, under Penalty of Law.
BWM Aug. 9,16,23, 2010
Republic of the PhilippinesREGIONAL TRIAL COURT OF LANAO DEL NORTE
12th Judicial RegionOFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF
Tubod, Lanao del NorteNOTICE OF EXTRA-JUDICIAL SALE
EJF No.: 145-07-2010 Upon the Extra Judicial Petition for Sale under Act 3135/1508, as amended, fi led by PAG-IBIG/HOME DEVELOPMENT MUTUAL FUND (HDMF) Iligan City, against JESAR D. BELOCURA married to ALICIA T. BELOCURA of Lot 12 Block 5 of Sanz Poblacion, Tubod, Lanao del Norte, amounting to TWO HUNDRED NINETY SIX THOUSAND SEVEN HUNDRED EIGHTY ONE PESOS & 32/100 (P296,781.32) pesos only excluding penalties, charges, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on September 23, 2010 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Po-blacion, Tubod, Lanao del Norte, to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements, to wit:
LIST OF MORTGAGE PROPERTIESTRANSFER CERTIFICATE TITLE NO. T-23,548
A parcel of land Lot 12, Block 5, Psd-123522-017578 of the subdivision plan, Psd-123522-017578, being a portion of Lot 14, Blk. C (LRC) Psd-100834 situated in the Barangay Poblacion, Municipality of Tubod, Province of Lanao del Norte, Island of Mindanao. Bounded on the Northwest, along line 1 to 2, by Lot 11, Block 5, of the subdivision plan; on the Northeast, along line 2 to 3 by Lot 14, Block 5, of the subdivision plan; on the Southeast, along line 3 to 4, by Road Lot 5; with all the improvements such as residential building and etc. All sealed bids must be submitted to the undersigned on the above stated time and date. Tubod, Lanao del Norte, Philippines, 26th day of July 2010.
For the Clerk of Court and Ex-Offi cio Sheriff (Sgd.) CONRADO V. HINGCO, JR. Sheriff IV WARNING: It is absolutely prohibited to remove Deface or destroy this NOTICE OF SALE on or before the date sale, under Penalty of law.
BWM Aug. 9,16,23, 2010
NOTICE NOTICE is hereby given that the intestate estate of the late ROBERTO ENERIO, left a parcel of land known as: A parcel of land, (Lot 6837, Cad-237), situated at Molugan, El Salvador, Misamis Oriental, containing an area of 834 square meters, more or less, covered by TCT No. T-32856, that for and in consideration of the sum P300,000.00, receipt in full is hereby acknowledged from the Vendee in full and entire satisfaction of the Heirs-Vendors, we hereby Cede, Sell, Transfer and Convey as by these presents, do hereby Ceded, Sold, Transferred and Conveyed, the above-described parcel of land, infavor to the aforementioned Vendee, her heirs, assigns and successors-in-interests, is the subject of Deed of Extra-Judicial Settlement of Estate with Deed of Absolute Sale, under the Notarial Registry of Atty. Buenaventura E. Sagrado, per Doc. No. 293; Page No. 59; Book No. 77; Series of 2010.
BWM Aug. 16,23,30, 2010
BPI still RP’s best in cash management bankON its 159th year and for the third consecutive time, the Bank of the Philippine Islands (BPI) has been awarded by Finance Asia as the Best Cash Management Bank in the Philippines.
Th rough continuous de-ployment of solutions that meet the increasing sophisti-cation of corporate custom-ers, BPI has kept its position as the best in the Philippine cash management industry.
With technology capa-bilities that match the ca-pabilities of global banks complemented by the widest network among local banks,
BPI off ers its customers’ un-paralleled support for the fulfi llment of their cash man-agement needs.
Cash management is concerned about the effi cient handling of the infl ow and outfl ow of cash to and from the business.
Th rough its various prod-ucts and services, BPI off ers its corporate customers––multinationals, large cor-porates, small and medium enterprises (SME) solutions to their collections, disburse-ments and liquidity manage-ment concerns.
While traditional cash
management products are still available to clients, BPI capitalizes on its technol-ogy capabilities to deliver its services through more advanced means.
The ExpressLink, the Bank’s internet banking platform for corporate cus-tomers, caters to the cus-tomers’ cash management needs by providing them a secure, convenient and ef-fi cient way of doing banking transactions online.
The ExpressLink en-ables clients to pay their suppliers, employees, utili-ties and government obli-
gations in the comfort of their offi ces.
Account balances, bank statements and collection reports may be viewed and downloaded for automated reconciliation.
Among other things, these are the online services off ered by BPI to its corporate custom-ers who have at least P100,000 in ADB.
As the local cash manage-ment industry has become increasingly competitive with the emergence of other banks as cash management solutions providers, BPI sets itself above the rest through its: leadership
in technological advance-ment among local banks; nationwide presence through its extensive branch network; renowned history of integrity and stability; continuous in-novation and enhancement of existing facilities to ad-dress customers’ needs; and enabling brand of customer service.
Leveraging on these strengths, the BPI cash man-
agement team is looking to further augment its customer base, increase transaction vol-umes, acquire new mandates, forge more partnerships with global banks and contribute more to the Bank’s revenue stream.
With these goals realized, BPI looks forward to sustain-ing its leadership in the cash management business in the country.
See See QUIAMJOTQUIAMJOT/p.7/p.7
See See HURSTHURST/p.7/p.7
JHAN TIAFAU HURST
Think A MinuteThink A Minute
6 BusinessWeekMINDANAOAugust 23-29, 2010 OpinionOpinion
Editor: Nelson Constantino
IGNACIO BUNYE
SPEAKING OUTSPEAKING OUT
Th e good-for-nothing
Rules on carrying travel funds
PED T. QUIAMJOT
TRAVERSING THE TRAVERSING THE TOURISM HI-WAYTOURISM HI-WAY
Deja vu Butuan City!
THINK a minute.Guiseppe’s Papa came
from a family of fi shermen. In fact, for 300 years the men in his family had been fi sher-men in the country of Sicily.
His Papa eventual ly moved to San Francisco where he continued their fi shing business. Eventually they had 9 children.
All the boys from the time they could walk helped Papa on his fi shing boat. All the sons, except Guiseppe! Guiseppe simply could not go because he got so terribly seasick.
His stomach just could not take the motion of the boat, or the strong smell of fi sh. But even when his dad saw how sick Guiseppe got on the boat, he did not ac-cept it. He always told his son Guiseppe that he was good-for-nothing.
Guiseppe was very hurt by
his father always criticizing and putting him down. But he still tried his best to help his family in some way.
So as a young boy he went out on the streets and worked every job he could fi nd to bring money back to his father. But instead of his Papa being proud of his hard-working son, he kept telling Guiseppe he was lazy and good-for-nothing. Finally, Guiseppe just gave up on ever pleasing his dad.
He got involved in sports and discovered that he was a very talented, natural athlete, especially in baseball. In fact, he became the most success-ful son in his whole family. That young boy whom his Papa had always called good-for-nothing, became one of the greatest professional baseball players in history. You may have even heard of Guiseppe by his Ameri-
can name, Guiseppe…Joe…DiMaggio.
You see, Guiseppe Joe Dimaggio refused to believe all the bad things his dad said about him. He never stopped trying until he fi nally found his special abilities. So even if your own family has told you
WHEN I was a little boy, I used to pass by Butuan City in route to Mangagoy, Bislig in Surigao de Sur. Th e dream of travel was respite from school and comes as yearly summer vacation.
Butuan City was then a city of lumberjacks. Big hardware stores selling big truck tires, chainsaws and Evenrude engines were fa-miliar sights.
Th e mighty river under-neath Magsaysay Bridge was already murky with powerful tugboats towing huge logs to Magallanes area. Name droppable were the words D. O. Plaza, Calo, Paredes and Aquinos as traffi c passwords to get through the express lanes of the Constabulary check points.
King of the road was Bus Company named City Vir-gin. Modes of local transport were Calesas drawn by horses that fl ies the Plaza Rizal to Langihan routes. Jeepneys were already available but considered pang sosyal.
Th ere were no fast foods yet but carenderias selling puso, dinuguan and adobong manok. Dining inside a Chi-nese restaurant was a symbol of affl uence.
Children of Loggers were driving Ford Mustangs while elderly businessmen associ-ated with the lumber and plywood business were in their Mercedes Benz B-class. Ferdinand E. Marcos was just
elected President who years later will declare Martial Law and stop all logging opera-tions in Agusan areas.
That was three decades ago. Butuan City now has metamorphosed from the total logging ban into a fast developing City.
Th e Calesas are gone and now replaced with Honda, Yamaha and Kawasaki motor bikes. Big hotels, fast foods and modern buildings co-ex-ist with historical landmarks. Regional conventions have good comfortable venues like Almont Inland Resort Hotel and Dotties Place and Convention Center.
Butuan City is another fun and adventure destina-tion because of the daily flights from Manila to the City with the A-320 class of planes from the dominant airline companies.
Butuan is also linked to Cebu City with Cebu Pacifi c’s
A-319 and Pal’s bigger Bom-bardier aircraft .
Barbershop talks in the City are quite amusing that asserts history.
Accordingly, before there was Philippines, there was already Butuan. When Ma-gellan arrives in 1521, the Philippine history ended.
El Rio de Butuan in what was known as Masao is Ma-gellan’s landing site on March 31.
Masao is a river where a colony of settlers who have done trade and commerce with the rest of our Asian neighbors.
The City Balangai Mu-seum exhibits artifacts that support correction to the history written by Gregorio Zaide about the Philippines.
Butuan City is an entry point to the Caraga region. A mighty new Diosdado Maca-pagal Bridge links the urban center to the eastern suburbs of Baan and Ampayon.
It is Butuan’s newest tour-ist attraction. The bridge touted to be the longest in Mindanao with a span of more than 900 meters was built at a cost of P1.4 billion.
Th e opening of the bridge cuts down travel time and by pass the main city thorough-fares from big cargo trucks. Built amidst the panoramic natural beauty of Mount Diwata and Wide River sur-rounding the area, plans are
EVER wondered how much money you could bring while on travel abroad? Appar-ently, there are rules on how much money in pesos or in foreign currency you could bring outside (and inside) the country.
According to the Bangko Sentral ng Pilipinas, a person may import or export, bring in or take out of the country, or electronically transfer legal tender Philippine notes and coins, checks, money orders or other bills of exchange drawn in pesos against banks operating in the Philippines in amounts not exceeding P10,000.
Th is means that a person can bring outside the country P10,000 without any prior ap-proval from the central mon-etary authority. He could also freely bring the same amount back to the Philippines.
However, prior authoriza-tion from the BSP is required for the export or import of Philippine currency exceed-ing P10,000.
Travelers should course their application for a per-mit through the BSP’s Inter-national Sub-Sector (ISS), headed by Managing Director Wilhelmina Mañalac.
But not everyone could actually get this permit, ac-cording to the ISS Interna-tional Operations Depart-ment. Th ere are only a few special cases in which the IOD has allowed the exit of more than the prescribed amount from the country.
Companies and individu-als who could prove to the IOD that they will be bring-ing out Philippine money only for numismatic or col-lection purposes could merit a permit.
A coin company based in Hong Kong was recently given a permit to import from the Philippines 12,000 pieces of P20 (worth P240,000) to be displayed as memorabilia at the Shanghai World Expo.
Th e IOD also issues per-mits to banks that need bills to test their newly-construct-ed ATM machines abroad.
However, the IOD clari-fi ed that these bills should be returned to the BSP aft er the testing period.
According to the BSP’s Center for Monetary and Financial Policy, headed by Director Francisco Dakila Jr., the peso’s status in the international market is the main reason behind this re-striction. Th e CMFP pointed out that unlike the US dollar,
the Japanese yen or the euro, the peso is not international-ized. Th is means that the peso is not used for international trade or as payment for for-eign loans and investments, the CMFP said.
Another reason behind the restriction is the BSP’s need to monitor the money supply in the country in pur-suit of its primary objective of “promoting price stability conducive to a balanced and sustainable growth of the economy.”
With regard to foreign currency, there is no restric-tion or limit on the amount that a person may bring in or take out of the Philippines.
However, the BSP has clarified that any person bringing in or taking out of the Philippines foreign cur-rency in excess of US$10,000 or its equivalent must declare such fact in writing.
The individual should also provide information on the source of the money and the purpose of the transport of such currency using the prescribed Foreign Currency and Other Foreign Exchange-Denominated Bearer Mon-etary Instruments Declara-tion Form.
The form is available at the Bureau of Customs desk in the arrival/departure areas of all international airports and seaports. Failure to do so shall subject the violator to sanctions, including confi sca-tion of the foreign currency involved.
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GIRLIE GUALBERTO-SUAN
SEIZE LIFE...SEIZE LIFE...BY THE BALLS!BY THE BALLS!
7BusinessWeekMINDANAO August 23-29, 2010Views/comentariesViews/comentaries
Editor: Nelson Constantino
We are a pleasure-seeking generation and in our mad frenzy for amusements we have lost sight of the real rea-son for our celebration: the feast day of our patron saint Augustine on the 28th and of his devout mother, St. Mon-ica, on the 27th. We dismiss the 27th as just bisperas when it is actually the feast day of St. Monica, who was the light that illumined the way for Augustine’s sainthood.
It is a disgrace that there are more people in the shop-ping malls keeping the cash registers humming than there are devotees in the churches kneeling down in veneration to our mother and son patron saints. I suspect many do not really know who St. Augus-tine is, nor are they interested to know.
Augustine was born in 354 in the town of Tagaste, North Africa.
His father, Patricius, was a pagan and a successful
Augustine and Monica
businessman. His mother, Monica, was a pious Chris-tian.
Monica, aside from hav-ing a violent and woman-izing husband, also had a cantankerous mother-in-law who made life miserable for her. But with her patient and gentle ways, she was able to soothe her husband’s temper so that he never laid a hand on her.
She also won over her mother-in-law who learned to love and respect her. In the end, both husband and mother-in-law embraced her faith and became Catholic Christians. It comes as no surprise that Monica is the patron saint of daughters-in-law!
It was the deepest desire of her heart that her brilliant but sometimes prodigal son Augustine would be convert-ed. But Augustine was not attracted to Christianity.
He found the bible dull.
Instead, he espoused the reli-gious cult of the Manicheans and became attached to the sin of sensuality. He had a son with his long-time mistress.
While living in Milan, Augustine was infl uenced by a holy bishop, Ambrose, who later became St. Ambrose.
In the agony of his internal warfare with lust, Augustine prayed to God, “Give me chastity... but not yet!” In his crisis he picked up the bible and read the text: “Not in carousing and drunkenness, not in lust and wantonness, not in quarrels and rivalries.. Rather, arm yourselves with the Lord Jesus Christ..” At last the storm inside him was stilled.
Monica lived to see that most-awaited day when Au-gustine was baptized by Bish-op Ambrose.
God had granted her wish and there was nothing left for her to do in this world. Soon aft er, she fell ill and died at the age of 55.
Augustine returned to his native land where he was or-dained a priest and later cho-sen to be the Bishop of Hippo. He remained in this post for 35 years until his death at the age of 76.
AUGUST is a much-awaited month for Ka-gayanons. With excitement we look forward to the parade, beauty pageant, exhibits, eat-all-you-can parties, mall madness sale and no-work public holiday.
Augustine was a word merchant.
In his writings he said that it was the nature of all sin to seek pleasure, beauty and truth in creatures and created things rather that in their Creator.
In his hymn of praise to God he said, “Late have I learned to love you, Beauty, at once so ancient and so new.. You were with me, but I was not with You. You have made us for Yourself, and our hearts are restless until they rest in You.”
St. Augustine’s inspiring story brings home the simple truth that in every man, there is a sinner in his past and a saint in his future!
Quiamjotfrom page 6
Hurstfrom page 6
that you’ll never be suc-cessful and that you’re good-for-nothing, don’t believe them.
Just forgive them and know that your heavenly Father created you for great things.
You CAN become suc-cessful and reach your full potential. Just ask Jesus
Centersfrom page 4
Microfinance Institu-tion (MFI) partners such as CARD. As a result, Hapinoy store owners are able to get higher margins on their sold goods, to save via new ef-fi ciency measures, to enjoy merchandising support and product testing from Talk ‘N Text, and to have additional sources of income through the electronic fi nancial ser-vices off ered by SMART.
Smart Money is the world’s fi rst reloadable electronic wal-let linked to a mobile phone. Th rough Smart Money, ac-count holders may send and receive cash using their cell-phones, all at the speed of text message. In September 2008, SMART was the only South-east Asian company to receive the World Business and De-velopment Award from the International Chamber of Commerce, Prince of Whales International Business Lead-ers Forum, and UN Develop-ment Programme. SMART’s programs, including Hap-inoy, were cited for servicing the Base of the Pyramid, and for changing the way Filipi-nos communicate.
“We are excited with this newest development in our SMART partnership. In the
Christ to take control of your life every day, and He’ll help you to forgive and forget the past hurts, so you can move on to become all He made you to be.
Just think a minute.
already afoot for launching a river cruising adventure ac-cording to DOT Region 13 Letty Tan.
Butuan could play a cata-lyst to the development of the entire region.
Korean investors are po-sitioning entries into Golf Course development and re-sorts as forwarding recreation
venue to their nationals and other foreign tourist lured into extreme sports and eco-tourism.
For comments and feed-back, please email this writer at [email protected].
same manner that we aimed to give microentrepreneurs viable and sustainable busi-ness opportunities, we are happy to provide BOP mem-bers with easier access to fi nancial services which they otherwise had limited ac-cess to. Hand in hand with SMART, we hope to alleviate poverty, one sari-sari store at a time,” said MVI President Bam Aquino.
Th e Hapinoy Store project serves as a vehicle for open-ing new sustainable business opportunities for Filipino mi-croentrepreneurs. Th e project also benefi ts members of the communities being serviced by Hapinoy Stores, as they are given access to goods and services, including SMART and Talk ‘N Text products, at competitive prices.
Hapinoy now joins the ranks of local and interna-tional institutions offering SMART’s mobile commerce solutions. A trusted enabler of partners here and abroad, Smart Money has established linkages with the leading banks of the Philippines, the country’s primary ATM consortia, local and interna-tional remittance companies, and millions of MasterCard establishments found all over the world and on the world-wide web.
8 BusinessWeekMINDANAOAugust 23-29, 2010
Customers from Cagayan de Oro City and adjacent areas will now have a faster and more accessible way buying cement with Holcim Philippines set to open an offi ce and a warehouse in the city.
William Sumalinog, Regional Operati ng Head of Mindanao Sales, said opening the warehouse and offi ce in Cagayan de Oro City is part of Holcim Philippines’s commitment to bett er serve customers in the region.
“The warehouse and offi ce will make Holcim products more accessible, which is the fulfi llment of our promise to serve bett er our Cagayan business partners and customers. They won’t have to go to the Lugait plant anymore to buy Holcim cement,” he said.
Sumalinog added that the warehouse is Holcim Philippines’s vote of con-fi dence in Cagayan de Oro City’s development path, and a solid proof of the company’s intenti on to stay in the city market for the long term.
The Holcim Philippines offi cial said customers from Bukidon, Misamis Oriental and Caraga areas are some of the benefi ciaries of the warehouse’s opening.
Aside from making it easier for customers to do business with Holcim, Su-malinog noted that the warehouse will benefi t the community due to the jobs it will create and business it will generate for nearby establishments.
The Holcim Philippines offi ce and warehouse, which can house up to 100,000 cement bags, are located at GTS Building, Corrales Extension, Cagayan de Oro City.
About HolcimHolcim is one of the world’s leading suppliers of cement and aggregates
(crushed stone, gravel and sand) as well as downstream acti viti es such as ready-mix concrete and asphalt. The Group holds majority and minority interests in more than 70 countries on all conti nents. Holcim Philippines, Inc. (HPHI) is a Philippines-based cement manufacturer and a member of Holcim Group. Holcim Philippines is involved in the manufacture, sale and distributi on of cement to the domesti c and export markets. The Company produces four cement products: Holcim Excel, Holcim WallRight, Holcim Premium Bulk and Holcim Duracem. Its products are sold in bags, jumbo bags and in bulk. Holcim Philippines oper-ates four cement plants in La Union, Bulacan, Misamis Oriental, and Davao. It currently has 1,500 employees in the Philippines.
Holcim opens CDO warehouse
Salariesfrom page 1
consumers,” Benaldo said.
“The salary standardiza-tion could be higher com-pared to other government officials and employees, but with the same range and rate, unlike the pres-ent setup wherein GOCC employees’ salary range depend on its charter,” Be-naldo said.
Benaldo lauded Presi-dent Aquino’s move to issue an Executive Order putting a cap on the salaries and al-lowances of GOCCs and FIs officials and employees.
Benaldo’s call was echoed by his fellow colleagues in Congress.
Kalinga Party-list Rep. Abigail Faye Ferriol likewise made a similar call stressing that what the Commission on Audit has found out is
outrageous and a big slap on the face of Filipinos.
“The [Commission on Audit’s] expose about the GOCC’s salaries is very scandalous. Many are suf-fering from poverty. It is unjust for those officials to acquire so much money, while a lot of people are hungry and can barely af-ford to eat three meals a day,” said Ferriol.
Ferriol said GOCCs, which prove to be a burden to the government, instead of serving their original in-tention of raking in money for the country’s coffer, should be abolished.
However, Ferriol cau-tioned that before abolish-ing any GOCC, a careful study should be conducted and only upon proving that such GOCC is a financial burden to the government or is a duplication of an-other government agency or
GOCC, could that particu-lar GOCC be abolished.
Reps. Mark A. Villar (Las Pinas) and Bernadette R . Herrera-Dy (Bagong Henerasyon) said GOCC’s functions should be careful-ly examined before making any move to abolish such.
Vi l lar, on the other hand, is concerned more on the plight of the ordi-nary employees working in GOCCs and their families. Each GOCC, he said, plays an important role in nation building.
“We can’t decide on something without review-ing and studying everything about their functions and I believe that there are some benefits and incentives that we have to provide for them to work effectively in gov-ernment. Otherwise, we’ll be losing them to private companies,” the lawmaker added.
Onlinefrom page 2
and respective representa-tives from the diff erent offi ces convened with much enthusi-asm and high hopes to learn the necessary information of website development and ways to explore the offi cial website of Lanao del Norte, www.lanaodelnorte.gov.ph.
“Th ere is a need to further review the content of the web-site to avoid duplication and erroneous data,” said Brigida Tangonan referring to the crucial phase of uploading the data that will be viewed online all over the world.
The workshop includes topics which are fundamental to the attendees on how to get acquainted in creating an account and possibly get an offi cial access on their respec-tive offices which are links and content of the website in which they can further sub-mit an article to be published and edit previous data being uploaded. One can easily fi nd or gather information about the various offices in the provincial government in just a blink of an eye by simply logging on www.lanaodel-norte.gov.ph next by clicking the tab “About Lanao del Norte” then “Capitol,” and
right on your eyes will appear the diff erent offi ces with its corresponding mandated functions, top priorities and programs and services it can off er to the people.
The provincial govern-ment is optimistic in coming up with highly interactive ways to foster effi cient man-agement and dynamic col-laboration of the different offi ces to deliver quality and reliable services to the people of Lanao del Norte.
Th us, the creation of the website tailored the need of the province to prove the peaceful existence of the Land of Beauty and Bounty.
Bulua Hi-way, Cagayan de Oro CityTel No. 309-4755
THE Government Service Insurance System (GSIS) en-joins its members and pen-sioners to enroll now for the UMID-compliant eCard, as the GSIS Wireless Automated Processing System (G-W@PS) kiosks undergo an up-grade that would also make the latter UMID-compliant.
UMID stands for Unifi ed Multi-Purpose ID (UMID) System, an off shoot of Exec-utive Order No. 420 which re-quires all government agen-cies and government-owned and controlled corporations to streamline and harmonize their identifi cation systems through the use of a unifi ed multi-purpose ID.
The GSIS said holding on to the old eCard Plus will dis-allow members and pension-ers from enjoying the full benefi ts of the new eCard. This, as the upgraded kiosks will only allow transactions using the UMID-compliant eCard.
Kiosk transactions in-clude online loan applica-tions, online viewing of GSIS records and annual renewal of active status for pension-ers. The GSIS said members
GSIS reminds members, pensioners of UMID-compliant eCard enrollment
and pensioners cannot go through with these transac-tions using their old eCard Plus with the upgraded ki-osks.
The UMID-compliant eCard is a multipurpose card which also functions as an ATM card, a transaction card, a debit card, hospitalization and medicine discount card, and an education benefit card, among others. These features cannot also be en-joyed by the members and pensioners using the old eCard Plus.
According to the GSIS, after enrollment, members will receive their UMID-compliant eCards through their liaison offi cers, while pensioners will receive them by mail.
Once received, the UMID-compliant eCards should be activated using the upgraded kiosks.
The GSIS has also ceased to issue the eCard Plus to members, as it moves into the UMID system.
Enrollment for the new eCard is ongoing at the GSIS head office in Pasay City and in all of GSIS regional
offi ces.The GSIS, a pioneer in the
issuance of multi-purpose cards, is the fi rst to adopt the UMID card.
A unique feature of the UMID-compliant eCard is the Common Reference Number (CRN), which shall be linked to the ID numbers of the Social Security System (SSS), Philippine Health Insurance Corporation (PhilHealth) and Home Development Mu-tual Fund (Pag-IBIG).
With the CRN, the UMID-compliant eCard will serve as a valid identifi cation card
not only for GSIS but also for SSS, PhilHealth and Pag-IBIG.
Hence, if you are a GSIS member and at the same time a member of PhilHealth or Pag-IBIG, your ID cards for these government agencies and GOCCs are unifi ed into one UMID card which can be used as a valid identifi ca-tion card.
UMID-compliant eCard may also be used as a valid transaction card for SSS, PhilHealth, and Pag-IBIG but may require separate activation.
Republic of the PhilippinesREGIONAL TRIAL COURT OF MISAMIS ORIENTAL
10th Judicial RegionBranch 19
Cagayan de Oro City
NOTICE OF EXTRA-JUDICIAL SALEFile No. 2010-168
Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118, with respect to real estate mortgage and Act 1508 with respect to chattel mortgage fi led by NATIONAL HOME MORTGAGE FINANCE CORPORATION, a government owned and controlled corporation created under P.D. No. 1267, with postal address at 104 Amorsolo St., Legaspi Village, Makati City, herein referred to as “Mortgagee”, against PACIFICO C. CALIBAYAN, widower, Filipino, of legal ages, with postal address at Villa Nena Subd., Blk. 5, Lot 41, Bo. Balulang, Cagayan de Oro City, herein referred to as the “Mortgagor”, to satisfy the mortgaged indebtedness which as of March 31, 2010, amounts to SIX HUNDRED ONE THOUSAND THREE HUNDRED NINETY SIX & 99/100 PESOS (Php 601,396.99), Philippine Currency, plus stipulated interest, penalty charges, attorney’s fees and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on August 31, 2010 at 1:30 o’clock P.M. or soon thereafter at the lobby of the Hall of Justice, Cagayan de Oro City, to the highest bidder, for CASH or MANAGER’S CHECK and in Philippine Currency, there herein described property/ies:
TCT No. T-62967
A PARCEL OF LAND (Lot 41, Block 5, Psd-10-014703, being a portion of Lot 3046-B-1-B-4, Psd-10-004367, situated in the Bo. of Balulang, City of Cagayan de Oro, containing an area of One Hundred Forty Four sq.m., more or less.
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 held on the next working day without further notice. Cagayan de Oro City, 2nd August, 2010.
For the Provincial Sheriff
(Sgd.) JAN B. ACERO RTC Sheriff IV
BWM Aug. 9,16, 23, 2010
CONSERVE ELECTRICITY A message from:
Your electric service copany since 1952
9BusinessWeekMINDANAO August 23-29, 2010Editor: Nelson Constantino
Corp.BoardCorp.Board
10 BusinessWeekMINDANAO10 August 23-29, 2010
See See BOSSABOSSA/p.11/p.11
KUMBIRA 2010. The Cagayan de Oro Hotel and Restaurant Association (COHARA) President Joanna Cris L. Yu (third from left) answers question during a media forum on the Kumbira’s 14th Culinary Show and Live Competition on August 18-20, 2010 at the Atrium, Limketkai Center. In photo (L-R): Nelia B. Lee Chairperson, Ways and Means; Eileen C. San Juan Chairperson, COHARA Competition; Cris Yu; and Director Catalino S. Chan III of the Department of Tourism (DOT)-10. (Rodolfo D. Mendoza / PIA-10)
Bossa: Live at Th ai Me UpBE in love with Bossa, a soothing “Live Music” at THAI ME UP as you enjoy an “APPETHAIZING” meal ev-ery Friday and Saturday from 6:30 to 11 in the evening.
Th e music will lift up your spirits and be in love again as the performer sings, enter-tains and hitting the bossa notes like the performance of Sitti, Philippine Bossa Nova that captivates the hearts of every Filipino.
INTERNATIONAL award-winning pianist Rudolf P. Golez, couple Henrik Kelly-Joanna Cris Yu and Cathy Genabe of Bigby’s Café and Restaurant were among the prominent personalities fea-tured by SM-Cagayan de Oro during the Supermart 12th installment of a nationwide Project MY CITY MY SM last August 19.
My City My SM is a proj-ect which aimed to highlight pride of place through print communications campaign to share with their shoppers,
SM Cagayan de Oro unveils My City My SMFeatures Rudolf P. Golez, Couple Henrik Kelly-
Joanna Cris Yu and Cathy Genabe
Cohara holds Kumbira 2010
TourismTourism
Constantine Arce, SM Assistant Mall Manager, Vice Mayor Ian Acenas, Dr. Rafaelita P. Pelaez, Chairman of the Board of Directors-Zealep Group of Companies, Millie F. Dizon, VP for Marketing and Communications Group, SM, international awarding pianist Rudolf Caesar P. Golez who is also the Vice President for External, Cultural and Alumni Affairs of Liceo University, Tanya Golez, Alain Marc P. Golez, Vice President for Administration of Liceo de Cagayan University pose for a souvenir photo. BWM PHOTO
Director Catalino S. Chan III of the Department of Tourism (DOT) , couple Henrik Kelly-Joanna Cris Yu and Cathy Genabe of Bigby’s Café and Restaurant, Ms. Millie F. Dizon, VP for Marketing and Communica-tions Group, SM, Hester Jane C. Amigo, AVP for Marketing, SM Supermalls, strike a pose with Misamis Oriental Governor Oscar S. Moreno during the just-held launching of My City My SM. BWM PHOTO
Cagayan de Oro beauties, wearing the typical manobo attire, showcasing the Kagay-an native custumes and culture during the launching of SM Cagayan de Oro’s My City My SM on August 19. BWM photo
By JOE PALABAOCorrespondent
THE Cagayan de Oro Hotel and Restaurant Association (COHARA) in cooperation with the Department of Tour-ism (DOT) and Limketkai bring to the city of Cagayan de Oro the KUMBIRA 2010 showcasing the 14th Culinary Show and Live Competition
By JOE PALABAOCorrespondent
By JOE PALABAOCorrespondent
from August 18-20, 2010 at the Atrium, Limketkai.
KUMBIRA is then con-sidered as the longest running annual showdown of chefs in Mindanao.
Hundreds of chefs from all over the region, schools, hotels and culinary experts will compete in the live com-petition. Best of the best chefs
will be sent to Manila to compete for the Annual Na-tional Culinary Competition by September 2010.
Th e Culinary Show will also showcase CDO Sinuglaw Festival. COHARA also will drumbeat the One Town One Product (OTOP) delicacy for Cagayan de Oro––the Pine-apple Pie.
and to the rest of the country, the uniqueness of host prov-inces like SM- The Golden Smiles Cagayan de Oro.
My City My SM ad cam-paign features prominent personalities from the prov-inces and cities who would serve as a tourist guide, guid-ing the reader around the city, the arts and culture, introduc-ing places to go, things to do, restaurants to discover, people they love, and the off -beaten track places they would want to share with everybody else.
It is an “ad campaign” considered as a journey into the heart and soul of a city,
and it is a journey where SM is strengthening existing friendship, make new ones and value partnerships.
The glamorous event is also in partnership with Th e Philippine Star, the Depart-ment of Tourism and the City of Cagayan de Oro.
Prominent personalities featured are people who ex-celled in their career and business endeavor like Rudolf P. Golez, an international award-winning pianist and son of Rafaelita Pelaez of the Pelaez Group of Companies, Henrik Kelly Yu, Joanna Cris Yu and Cathy Genabe who represent the new generation
of Cagayan de Oro restaurant entrepreneurs who brings the best to this love city and to the rest of the country.
Th e event also showcased the glimpse of the ecology and rich entho-Filipino heri-tage of Northern Mindanao from the Gardens of Malasag Eco-Tourism Village per-formed by the tribes, the City’s Heritage, CDO as the White water raft ing capital of the Philippines, tourist destinations and the beautiful live performance of the Inte-grated Performing Arts Guild (IPAG), a resident company of MSU-IIT.
Editor: Ruel Villanueva Pelone
11BusinessWeekMINDANAO
August 23-29, 2010
FOR SALE! RAW LAND PROPERTIES
owned by Pryce Corporation 1 . Sontingon, Bugo, Cagayan de Oro City Classifi cation: Industrial Land , Beside Villa Trinitas Subd., overlooking Macajalar Bay., 4.9 ha at 250/sq.m. 2 . Bantiles, Bugo, Cagayan de Oro City Classifi cation: Residential Land Along the National Hi-way going to Bukidnon overlooking Macajalar Bay. 30.5 ha at 250/sq.m. 3 . Tln-ao, Cagayan de Oro City Classifi cation: Residential Land Along Balubal road, near Teakwood Hills Subd. 134,187 sq.m. at 350/sq.m. Call 857-2575 or 858-5874 & look for SMY or Jona
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Plantsfrom page 1
of consumers and poten-tial investors in Mindanao’s power-generation sector,” he said.
In the wake of the recent power crisis that struck Min-danao, industry stakeholders have pushed that the govern-ment maintain the Agus and Pulangi plants to subsidize prices in Mindanao and put in place the right pricing for the private power generators to eventually come up with a lower blended rate.
DoE is recommending to Congress to amend the Electric Power Industry Re-form Act of 2006 (EPIRA) to freeze privatization of the hydroelectric plants.
“I’ve already informed the Power Sector Assets and Liabilities Management Corp. [Psalm] that we would like to recommend that we will not sell the Agus-Pulangi. I know that we would also have to go back to the Joint Congres-sional Power Commission [JCPC] for their conferment, and I’m ready for that. So hopefully, Congress gives us and I would have to explain to Congress why we don’t want to do it,” the Energy chief said.
When sought for clarifi ca-tion whether the government will defer or no longer sell the power plant, Almendras made it clear that the Agus-Pulangi hydropower complex is not yet for sale.
“We don’t want to sell it yet. How long that will be will depend on how soon we can achieve true pricing and make the appropriate adjust-ments to fall to encourage investors,” he added.
The Agus hydropower plant has seven units with a combined generation total of 700 megawatts (MW). Th e fi rst of the seven units was constructed in 1953 and the newest one started operation in 1992. Agus is located in Lanao del Sur.
Th e Pulangi hydropower plant in Bukidnon generates 255 MW and began opera-tions in 1985. Both hydro-electric plants were scheduled to be privatized next year.
Epira Law provides that the Agus-Pulangi hydro-power complex should be privatized 10 years aft er its passage in 2001.
Almendras said the freeze
in the privatization of the two plants could mean the pric-ing can be managed in the region and attract additional generating capacities from investors.
“Investors have said they will build plants if the right pricing structure is in place. Th e solution for Mindanao is the appropriate use of hy-droelectric plants not just for supply but in the pricing equation,” Almendras said.
Electricity stakeholders in Mindanao earlier requested that Agus-Pulangi not be included in the assets sold under the EPIRA for fear of an increase in electricity prices.
Psalm had originally scheduled to sell the Agus-Pulangi hydro complex in Mindanao next year. The Agus-Pulangi hydro complex is composed of six power plants and supplies 55 per-cent of the power needs of Mindanao.
The Trade Union Con-gress Party (TUCP) earlier urged all Mindanaoans to oppose the proposed sale of the six Agus-Pulangi hydro complexes to private corpora-tions. TUCP noted that Psalm so far sold 12 hydropower plants to private investors and a total of 86 percent of its generating plants.
TUCP noted that priva-tization of power-generating assets was deemed to foster competition among energy players, improve operational effi ciencies of power compa-nies, ensure the constant sup-ply of electricity and reduce power rates.
“All the promises of priva-tization remain empty prom-ises. What we have now is the emergence of private and powerful monopolies and cartels, and increas-ing electricity tariff s which further bleed our workers and consumers” TUCP Rep. Raymond Mendoza said.
He pointed out that rates have gone up because instead of competition, new owners of the power plants adopted a rent-seeking behavior. “Aft er years of power privatiza-tion, we are still reeling with brownouts and even higher electricity costs,” Mendoza said.
Th e Agus-Pulangui hydro complex is the source of cheaper electricity in Min-danao. Power rates in Min-danao are lower compared
with Luzon and the Visayas because of Agus-Pulangi. “Th e privatization of Agus-Pulangi hydro complex will increase power rates instead of reducing them,” Mendoza said. –With wire reports
Citiesfrom page 1
in determining the list, they fol-low a scorecard ranking that weighs the availability of talent, infrastruc-ture, cost and business environment. The largest criterion is talent with 40 percent in the overall ranking, as the amount and quality of available and appropriately skilled workforce remains the biggest consideration.
Another major factor is infra-structure, which has a 30 percent weight in the rating system. BPAP explained that IT-BPOs look at road accessibility, available international and domestic fl ights, reliable power supply and suitable offi ce spaces, among others.
Another major requirement is the presence of fi ber optic network providers in these new growth ar-eas. BPAP pointed out that these companies need reliable international connectivity and a strong domestic backbone network, as well as rel-evant managed solutions that would fi t their specifi c requirements in the sites they set up in. These, together with quality talent pool are key re-quirements in raising the level of next wave cities as prime locations for IT-BPOs.
Bossafrom page 10
Bossa music is an experi-ence that you will never forget with a romantic and Th ai am-bience, mouth watering food and excellent service that only THAI ME UP can off er to food lovers of the City of Golden Friendship, the total experi-ence that sets a restaurant which is strategically located at Capistrano-Mabini Streets in Cagayan de Oro City.
Aside from quality and best sellers menu, THAI ME UP is now serving new “AP-PETHAIZING” dishes that caters the interest and discrim-inating taste of everybody, the family and the students.
For only P99, “Lunch Value Meals” is served from 11 in the morning to 5 in the aft ernoon with free Lemon Grass Ice Tea.
THAI ME UP also serve Chicken in Garlic, Chicken in Chili Paste, Sweet & Spicy Fish Fillet, Fish Fillet in Black Pepper Sauce, Beef Mush-room with Sesame, Pork in Basil Sauce, Bagoong Rice with Noodles and Spring Roll with Noodles. Come and Dine Now! THAI ME UP is lo-cated at Capistrano-Mabini Streets, Cagayan de Oro City or call, telephone numbers 73-8424/310-8424.
Bill Board Bill Board Editor: J. Ruel Villanueva Pelone12 BusinessWeek
MINDANAOAUGUST 23-29, 2010
q19 red
WE have come to accept tiles as part and parcel
of any bathroom, kitchen and swimming pool. But have you thought of using tiles as wall and floor covering in your bedroom? What about using tiles as an artistic accent?
Bisazza glass mosaic tiles from Italy offer an inge-nious, artistic, practical and long lasting choice that can magically transform any part of your home inside and out.
Whereas your grandmoth-er’s tiled counters of old come in the requisite white, Bisazza glass mosaic tiles come in a huge array of colors and un-limited designs that can match any a homemaker’s dream.
Do you love fl owers and foliage? What about sexy animal prints? Won’t dainty monochromatic shades of pink be perfect for your little girl’s room? Do you like tra-ditional brocade pattern? A combination of red and gold may bring luck. Outdoors, colourful koi can appear to swim in your pool. Fabric design is also available like hounds tooth and tartan.
Bisazza glass mosaic tiles come in either 20 x 20 or 10 x 10 centimeter squares. The small size makes them perfect
Bisazza puts the Italian fl air in your homefor curves and other odd-shaped installations.
Bisazza glass mosaic tiles are not only beautiful, they are also practically indestructible. With proper care, they can last a lifetime. They have zero per cent absorption rate and are so resistant to acid and chlorine damage making them perfect for swimming pools and outdoor use. They are re-sistant to UV rays thus there is no worry for color fading. The richness in color cannot be duplicated in ceramic tiles.
It was in 1956 when Bisaz-za got its start in Alte, Vicenza, Italy. Renato Bisazza founded his company with the vision of making the best glass mosaic tiles in Italy. Little did he know that Bisazza glass mosaic tiles would become an undisputed leader in the industry. It has become to embody unsurpassed luxury and unquestionable quality that it has been included in Altagamma, a group repre-senting the best of Italy’s most luxurious brands.
In the early days, the tiles were made by hand. By the 1980’s the company has come up with its own computer programs that transforms any design into mosaic tiles. The
tiles are also produced with cushioned and bevelled edges and no sharp corners.
However, the handmade tradition still continues as Bisazza still manufactures its top of the line “Oro” by hand. Each tile has a 24-karat gold leaf between t4wo layers of glass.
Bisazza glass mosaic tiles are priced at a premium. Nevertheless a limited budget should not stop you from enjoying these miniature masterpieces. The tiles come in square meters and can be used as an accent in any room. You can place them on the wall or on the floor or just about anywhere you fancy.
Of course, tiles are still perfect as kitchen backsplash or counter tops. Some people have their work tables cov-ered in tiles to match. A bath-room done in Bisazza from ceiling to wall and flooring is a dream.
The people behind Bisazza can help you if you are not sure how to use and choose the right Bisazza glass mosaic tiles for your needs.
In the Philippines, the showroom is located at the Ground Floor of the RCI Build-
THE Qwerty Invasion intro-duced My|Phone’s latest and hottest new mobile phones. Specially designed to satisfy the young mobile market with its sleek Blackberry inspired de-sign but a Trade–In Offer where old-bar-phones where traded in exchange of the latest Q19 DUO Qwerty Phone and My|Phones WIFI Series. A Brand New My|Phone Q19 Qwerty Phone for only Php 1,690.00!
Ye s , you re a d i t r i g ht ! Php1,690.00 only! So we were not surprised to see long lines continuously throughout the day.
My|Phone recently took the mobile industry by storm by introducing the S Phone under its new Fashion Series. A magnificent looking swivel phone adorned with Swarovski Zirconia Gems that would make every girls blush with excite-ment. The S Phone is an ex-clusive partnership established with Swarovski International.
The S Phone was recently launched last July 8, 2010 at the Greenbelt Fashion Walk, the event also saw the launch of My|Phone’s latest endorser, the beautiful Ms. Anne Curtis.
At an alarming price of only Php 5,990.00, the S Phone is surely to rock the fashion con-scious mobile users.
The My|Phone S Phone, Q19 and QW28 Wifi Phones are all beautiful on the outside and the inside. Richie de Quina – VP- Marketing and Business Development said: Our main differentiator is our Application and Contents! All My|Phone phones comes with the Pinoy Phone Software where you will find everything Pinoy!
My|Phone Qwerty Invasion continues...LONG Lines Form To Join MyPhone’s Bar To Qwerty Phone Trade In. MyPhone once again brought its much anticipated “Qwerty Inva-sion” back to Greenhill’s for the 3rd time.
QW28 Duo
ing, 105 Rada St. Salcedo Village, Makati. Bisazza glass mosaic tiles are also available in all Wilcon Home Depot outlets and other dealers nationwide. For more infor-mation, call 741-8016 or log on to www.bisazza.com.
swarovskiphone
