businessweek mindanao (december 24-25, 2012 issue)

Market Indicators

US$1 = P41.07 5,823.94 points

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FOREX PHISIX

AS of 5:56 Pm dec. 21, 2012 (friday)

26.20points

BrieflyEnergy crisisTHE Execut ive Com-mittee (ExeCom) of the Regional Development Council (RDC) of Region 10 has recently passed three resolutions to deal with the energy crisis in Mindanao. The Committee has endorsed the request of the RDC-10 Private Sector Representative (PSR) to promote the development of solar energy pursuant to the Renewable Energy Act of 2008, said Engr. Cecilio Clarete, chief economic development specialist of the National Economic and Development Authority (NEDA) in Northern Min-danao during the media forum Thursday. He said the Committee has resolved that one way of addressing the current energy problem is by pro-moting the development of solar energy to augment the other sources of en-ergy.

Meat supplyTHE meat supply in Davao City remains adequate for the rising demand this holiday season and despite the onslaught of typhoon Pablo in the region. Dr. Cherrie Rayos, act-ing assistant City Veteri-narian said that the meat supply for Davao City has not been affected by the devastating effects of ty-phoon Pablo which struck Davao Region December 4. Rayos said that the typhoon had no damaging effect in the meat, livestock and poultry industry in the city, she cited that it was only in Marilog there was the reported loss of about six heads of goats during the typhoon.

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Merry Christmas and a Happy New Year!UnchAnged

BLOOD, SWEAT AND TEAR. This Balay Mindanaw staff’s t-shirt says it all what the survivors in the Pablo-affected areas in Davao Oriental and Compostela Valley are going through as they try to rebuild their lives from Pablo’s wreckage, with the help of NGO’s like Balay Mindanao Foundation, Inc. which have deployed several teams of volunteers with relief goods of rice, canned goods, trapals, used clothings and other necessities coursed through it by local, national and international groups and individuals for the survivors. photo by bong fabe

By BONG FABE, Correspondent

CIVIL society organizations in Min-danao have thrown their support to the executive order forming the

Transition Commission that will draft the Bangsamoro Basic Law as an “positive concrete step” towards the achievement of genuine and lasting peace in Mindanao. “Balay Mindanaw ap-plauds and supports Presi-dent Noynoy Aquino’s issu-ance of Executive Order No.

120 creating the Transition Commission (TC). We view this as another concrete posi-

An environmentalist group in Cagayan de Oro cam-paigns for non-fireworks as Christmas goes down to wire this evening.

Banana companies mull abandoning plantations

By CARMELITO Q. FRANCISCOCorrespondent

panies are unsure if planta-tions destroyed by typhoon

DAVAO City -- Banana com-

transitory/PAGE 8

banana/PAGE 7

coconut/PAGE 8

0917-7154399088-856-8562/63

aMEnitiEs : ZORBIT * ATV * TREE TOP ADVENTURE BUGGY * BUNGEE

* PICNIC GROUNDS PLAYGROUND * CAFE * LUGE * MINI GOLF ROOM

ACCOMODATIONS

Economy2 Monday - Tuesday I Dec. 24-25, 2012 BusinessWeek www.businessweekmindanao.com


Caraga entrepreneurs train on business planning for expansionBUTUAN City -- Some P34.7 million-worth of investment leads from planned expansions was generated by 28 entrepreneurs from the region who participated in the recently concluded Planning for Expanding Business Training (PLANET) held at the Almont Hotel’s Inland Resort, this city.

Some of the proj-ects developed were additional capital for the cooperatives’ re-lending program, con-struction of poultry pre-fabricated build-ing, expansion of sand and gravel quarrying through heavy equip-ment acquisitions, ex-pansion to ful l pro-duction of lemongrass

hydrosol and oil, among others. Planet is a training aimed at empowering MSMEs on how to pre-pare business plans that would increase their cha nces of ava i l ing loans from banks and other financial institu-tions. After completing the course, participants are

expected to be able to 1) explain the credit application procedure and financing scheme of credit institutions, 2) understand the dif-ferent components of a business plan, 3) dis-cuss the mechanics of preparing a business plan, and 4) prepare and present a business plan ready for credit

application. The t ra ining was conducted by the UP Institute for Small Scale Industries in partner-ship with the Indus-tr ia l Guarantee and Loan Fund through the Development Bank of the Philippines, and in coordination with the Department of Trade and Industry-Caraga.

Participants which included ow ners of m icro-, sma l l- a nd medium- enterprises (MSMEs) and board members and officers

of enterprising coop-eratives prepared 19 business plans with project costs ranging from P100,000 to P10 million.

Davao water firm to restore water supply before New Year

DAVAO City -- The water firm here has assured Davao consumers to restore services before new year. Speaking in behalf of the Davao City Water District (DCWD) acting general manager Edwin V. Regalado apologized for the inconve-nience of consumers affected by a busted transmission line along Bankerohan Bridge. “In behalf of the water utility, Regalado extended his apologies to all affected consumers, adding that “as much as we want to im-mediately reconstruct the structure and mainlines, there are technical consid-erations and procedures to

undertake.” He said DCWD will build 400mm and 750mm bypass lines from Matina to Ban-kerohan in order to connect its transmission line along Bankerohan Bridge for Line 1 of Dumoy Water Supply System. The 400mm bypass line which will take approxi-mately one week and will be the first to be constructed followed by the construction of the 750mm bypass line to take about 60 days. “Hopefully, with the two bypass lines in place, water supply will normalize by then,” Regalado said. Meantime, DCWD has

sought the help from the Volunteer Fire Brigade for water delivery. “Also, some of the water from Dumoy Water Supply System Line 2 has been redi-rected to flow in the affected areas which were originally served by Line 1,” he said. To further ease the water supply problem, Regalado advised customers to get water from the five available faucets at DCWD Matina office. Regalado also advised customers that there are five faucets available in the DCWD Matina office where customers can get water for their daily needs.(PNA)

Damage to R-11’s coconut industry to reach P8 billion

By JOEY SEM G. DALUMPINESContributor

of the Philippine Coconut Authority (PCA) estimated the damage brought by ty-phoon Pablo to the coconut industry in Davao Region at P8 billion. Undersecretary Euclides Forbes, administrator of the PCA, said the destruction of the coconut plantations in Davao Oriental will surely affect the overall annual pro-duction of coconut products nationwide since the province had been the number one producer of copra prior to the storm. He said that per record, there were 314 million coco-nut trees all over the country. Forbes said it is possible that other provinces in the country may cover the loss of Davao Oriental in copra production next year. “We need massive reha-bilitation like the need to replant immediately given that many oil mills rely on the coconut industry in this part of the country,” he said. Forbes said the total valu-ation of the destruction of the coconut industry in Davao Oriental might be beyond 60 percent. He revealed that the PCA will realign two million co-conut trees intended for Lu-zon to be planted to Davao Oriental. For 2013, Forbes said that 17 million coconut trees are to be planted nationwide. He said that part of the intervention is to add more

NABUNTURAN, Compos-tela Valley -- A top official

Economy

3Monday - Tuesday I Dec. 24-25, 2012BusinessWeek www.businessweekmindanao.com

YOUR LOCAL ONLINE BUSINESS PAPERMINDANAOMotoring

Nissan sees auto growth, renames Infiniti modelsPARIS — Nissan’s upscale Infiniti division expects the global premium car market to grow 8 percent next year as strong U.S. demand off-sets flat western European sales, brand chief Johan de Nysschen said.

Beginning with 2014 models going on sale in the second half of next year, future and existing Infiniti cars will carry the prefix “Q” followed by a number broadly ref lecting its size, the company said. Crossover and SUV names will begin “QX”. A new mid-sized Q50, which will be shown at the Detroit auto show in Janu-ary, will replace the brand’s G sedan. The sports coupe variant will become the Q60. The changes will “pro-mote consumer familiarity with our model range as we

De Nysschen was speak-ing ahead of a Tuesday an-nouncement that Infiniti’s model line-up is to be re-named as it pursues a big-ger share of European and Chinese luxury car sales. “With the global market expanding from the U.S. where we are strong, that bodes well for us,” he said in a telephone interview. The Japanese automaker’s plan to turn Infiniti into a

major global premium brand hinges on production in Europe and China backed by an expanded range of models and engines, some developed in a partnership between Daimler and the Renault-Nissan alliance. Infiniti, so far manu-factured almost exclusively in Japan, is simplifying its vehicle names as it prepares to expand the line-up, it said on Tuesday.

Car assemblers expect to end 2012 with brisk sales

NEXT year’s midterm elec-tions and the growing econ-omy are auguring well for vehicle sales, with the auto industry poised to hit a new record by yearend. Roque Rommel T. Guti-errez, Chamber of Automo-tive Manufacturers of the Philippines Inc (Campi) president, told reporters on Wednesday that industry sales this year will be “more than 180,000.” At end-November, mem-bers of Campi and the Truck

Manufacturers Association sold a combined 141,282 ve-hicles while car companies belonging to the Association of Vehicle Importers and Distributors Inc sold 26,272 units. For next year, 200,000 units “is possible,” but Guti-errez said Campi has yet to set its 2013 target. He said commercial ve-hicles would likely maintain their 65-percent share of the market, while passenger cars would be steady at 35

percent. Locally assembled units would continue to comprise about half of industry sales, he said. Arthur A. Balmadrid, Isuzu Philippines Corp vice president, said elections his-torically bring in higher vehicle sales. Balmadrid said pickup trucks and vans sell well during election season, as these types of vehicles are used during political cam-paigns.

nissan/PAGE 8

4 Monday - Tuesday I Dec. 24-25, 2012 BusinessWeek www.businessweekmindanao.com


7Monday - Tuesday I Dec. 24-25, 2012BusinessWeek www.businessweekmindanao.com

YOUR LOCAL ONLINE BUSINESS PAPERMINDANAO Banking & Finance

Bank lending picks up as money supply grows steadily at start of 4Q

BANK lending picked up pace on the back of the steady growth in the country’s money supply at the start of the fourth quarter. In a statement, the Bangko Sentral ng Pili-pinas (BSP) said com-mercial bank lending growth accelerated to 16 percent last Octo-ber from the 13.5 per-cent the month before. Excluding inter-bank loans, credit expansion was broadly steady at 14.2 percent. Driving credit ex-pansion was loans for product ion act iv ity, which grew by 16.4 percent, faster than the 13.9 percent in Septem-ber. Production loans comprised four-fifths of total bank credit for the period. Benefiting from the expansion were whole-

sale and retail trade, real estate, transporta-tion and communica-tions, manufacturing, financial intermedia-tion and utilities. In contrast, lending to the mining and agriculture sectors contracted. Consumer lending also grew but at a slight-ly lower rate of 13.9 percent last October from the 14.6 percent the month before.

In a separate state-ment , t he BSP sa id money supply grew 13.3 percent at the start of the fourt quarter, up from the 12.4 percent expansion at the close of the third quarter. Fuel ing domest ic liquidity growth was lending to the private sector, which grew 9 percent while govern-ment borrowing con-tracted by 8 percent.

BSP extends separate borrower quota for PPP

THE Bangko Sentral ng Pili-pinas (BSP) has extended by another 3 years a rule exempting public-private partnership (PPP) project loans from a ceiling that banks should observe when lending to anyone. This after the Aquino administration failed to ac-celerate its PPP Program halfway through its term, with only 2 projects awarded to the private sector out of 10 projects that President Benigno Aquino III launched in November 2010. In a statement, the BSP said it would extend to De-cember 28, 2016 the separate single borrowers’ limit (SBL) for PPP loans. Before the Aquino ad-ministration launched its

PPP Program, the BSP re-quired banks to limit to 25 percent all loans or credit accommodations given to any single borrower. In December 2010, the BSP issued Circular No. 700, creating a separate 25 percent SBL on loans granted for PPP projects recognized by the Office of the Socioeconomic Planning Secretary. This regulatory leeway will expire by the end of this year. “Due to the long and complex process involved in the awarding of PPP proj-ects, very few projects were awarded subsequent to the said BSP issuance,” the cen-tral bank said. The BSP said the exten-sion is aimed at encouraging banks to participate in the

PPP Program, especially for projects in the pipeline. The SBL is meant to mini-mize the risk of bank failure arising from too much expo-sure to any single borrower. This, along with a separate rule that limits the amount of loans or credit accom-modations that banks grant to their directors, owners, shareholders and related interests, are among the safeguards the BSP put in place in the wake of the Asian financial crisis of 1997-1998. During the Asian crisis, banks were saddled with too much non-performing loans, discouraging them from further lending. The resulting dearth in credit led the economy to contract and businesses to shed jobs.

Rural bank in La Union placed under receivership

A RURAL bank in La Union has been placed under the receivership of the Philippine Deposit Insurance Corp. (PDIC). The Monetary Board placed the Rural Bank of Bangar (La Union), Inc. un-

der PDIC receivership last December 19. The PDIC took over the bank on December 20. The bank, located at 2 Central East, Bangar, La Union, is majority owned by Juanito Jun S. Valdez

(17.63%), Dionisia M. La-gunilla (9.22%), Zenaida Hermelina V. Galvez (9.01%); and Dante S. Valdez, Pedro Dominic S. Valdez, Melvin S. Valdez and Wilfredo S. Valdez (8.99% each).

bank/PAGE 5

Opinion6 Monday-Tuesday I Dec. 24-25, 2012 BusinessWeek www.businessweekmindanao.com


Christmas Everyday

‘Weary Christmas’

THINK a minute… Just because Christmas is over doesn’t mean we must stop giving things to oth-ers. In fact, we should enjoy Christmas day every day of the year! We could call these daily gifts “Our daily Christmas celebration.” At least a day will make a big difference in your life and in the lives of others around you. Here are a few suggestions. Make peace with someone you quarreled with. Find a forgotten friend. Pay a long overdue debt. Be gentle and patient

AT exactly 12 midnight, the Christendom will celebrate this year’s Christmas. De-cember 25 every year has been designated as the birth of Christ. The celebration started more than 2,000 years ago. The tradition has withstood the test of times. Christmas is a form of Thanksgiving generally ob-served by the Roman Catho-lic Church and Christians. For Christians, celebrating Christmas is done in varied context. Some considered Christmas as a day for long lost relatives to get together in a homecoming. For oth-ers, Christmas is for friends and family members to take a vacation in some places of natural and breathtaking picturesque. The rich and the wealthy Christians usually celebrate Christmas through country hopping in U.S.A, Europe, and Asia. Usually, devote Christians visit the place of Nativity in Jerusalem to have

with an angry person. Make a child happy. Make or bake something for someone else - anonymously! Let go of a grudge. Make the time to listen to your child’s real feelings and interests. Keep a promise. Forgiven an enemy. Express thanks to your wife, husband, or children for what they do every day. Break a bad habit and start a new, good one in its place. Speak kindly to a stranger. Lower your demands and expectations of others. Be honest. Take your wife out on a date. Work harder at your job and career. Show

true compassion and put yourself in the other person’s place. Laugh and have fun with your family. Take the time to talk and listen to an older person. Offer to baby-sit for a tired mother. Buy someone a meal or an ice cream. Apologize if you’re wrong. Give your teacher a break and do your best. Give your students a break and be realistic in your require-ments. Let’s make Christmas one life-long gift of ourselves to others. Oh yes, one more suggestion. Give your life to Jesus Christ by loving Him

and living His way every day. After all, He died to give His life to you. Just Think a Minute…

Were there banks during the time of Jesus?

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Think a minute

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Hints and traces

Speaking out

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a glimpse of the traditional celebration that took place where Christ was born. For businessmen, the time is appropriate for an impor-tant ‘business for pleasure trip’ to f ind prospect for expansion, partnership, and investment possibilities. We were talking about Christmas celebration involving high-end and high profile people. What about the poor and the destitute? Based on the 2009 CIA Word Fact Book, the per-centage of population below poverty line in the Philip-pines was 27 per cent. This means that if the Philippine population at that time was 80 million, 27 per cent of that population or 21 mil-lion people are living below poverty line. Thus, if the current population in the Philippines is 90 million, people living below the pov-erty line is about 24 million people. The word ‘below poverty

YULETIDE is undeniably the busiest time of the year. You know that ‘tis the season when the lines are unusually long at the banks and at the automated teller machines: People are ex-tra generous with their earnings and buy gifts for their family, friends, and colleagues in the spirit of Christmas. This makes you wonder, were there banks during the time of Jesus? According to Benjamin Bromberg, who wrote an article for The Economic History Review entit led “Temple Banking in Rome,” banking is one of the oldest institutions known to man. “Its history is lost some-where in remote antiquity,” Bromberg said. “But this much is definitely known: Banking was born in the temples consecrated to the gods and goddesses of mythology in the Meso-potamian area thousands of years before the rise of Christianity.” Bromberg explained that this custom of “sanctuary depositories” eventual ly spread to the other ancient

civilizations in Europe — including Ancient Rome, which at the time of Jesus was the most powerful em-pire on earth. He added that there were about a thousand “religious sanctuaries” in Ancient Rome, and the larger ones served as repositories. The historian Herodian, in his “History of His Own Times,” described the great-ness of the banking Temple of Peace: “...it was made a public receptacle of trea-sures, and every one car-ried to it his most valuable effects, as to a depository of unquestioned security.” Unfortunately, according to Herodian, a great f ire broke out in this sanctu-ary in A.D. 191 and “...many who just before were exceedingly wealthy were now reduced to poverty. So that there was universal lamentation, a l l in gen-eral bewailing the public misfortune; and each in particular mourning his private loss.” Bromberg said that the Roman sanctuaries did not lend any money at all — and this stood true from

the early Roman times to the later stages of Roman economic development. He explained that the reason behind this was the notoriety of ancient Roman bankers. “We know that the bank-er of Roman antiquity was not so highly respected….. In fact, the ancient financier was a rather highly despised member of the economic community by reason of his usurious pract ices,” Bromberg said. In shor t , usu r y was synonymous to the “mean employment of banking” during the Roman times, Bromberg explained. This probably explains why in the New Testament, all four evangelists reported the incident of Jesus chas-ing the money lenders out of the temple. It would be interesting to note that the modern word “bank” originated from a simple Italian word, “ban-ca,” which means bench. T h i s e t y molog y, a s discussed in the Bangko Sentral ng Pilipinas’ “The General Banking Law An-notated: Book 2,” came from

a curious Italian practice during the middle ages. The practice involved money changers bringing actual benches to the marketplaces, and conducting their busi-ness on these benches. From the temple banks of Ancient Rome, to the bancas in Italy during the Middle Ages, to the even-tual establishment of the Bank of England (which is considered as the prototype of central banking), it is indeed remarkable how the concept of bank ing has evolved to the type of banking we know today. You may e-mail us at [email protected].

to its ‘national clandestine office.’ The NCO made the calculation. We expressed doubt on the CIA figure since a survey conducted by SWS first quar-ter of January 2012 tallied a very contrasting figure. The SWS survey was carried by GMA News Online report on its Wednesday (Dec. 19, 2012) content which states: ‘The number of Filipino households that consider themselves poor surged in the first quarter of 2012, ris-ing to 11.1 million from 9.1 million in December 2011.’ The SWS survey con-ducted last March 10 to 13, 2011 was published by Busi-ness World which noted that 55 percent of respondents, or the equivalent to some 11.1 million families, claimed to be mahirap (poor), 10 points higher than December’s 45 percent or 9.1 million house-holds. SWS described the sur-

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Fight to prayTHAT may sound like a contradiction. But in our present human condition, there’s no other way for us to be able to pray. We need to fight. We need to struggle. We have to exert great and abiding effort to convert everything we do into prayer. We have already been warned in the Bible that our life here on earth is a warfare. We are ranged against power-ful enemies not so much in terms of physical strength as in terms of subtlety, trickery and deception. The forces of good and evil are always in conf lict not so much in some places outside or war arenas some-where, as in our very own heart. The combat is more internal than external, more spiritual and moral than material and physical. Besides, the battle of con-tention starts in some little matters, not in big issues, that are not promptly attended and are made to fester for a while until they become a crisis or a conf lagration. Just take a peep at your heart. Even in your most stable periods of goodness and well-being, you know well how the demons and temptations are just around the corner, ever ready to pounce at the slightest open-ing. We need to understand that our moments of peace are always a result of some battle we have waged against our enemies—the wayward world, the devil and our very own f lesh. That’s what St.

Josemaria Escriva, Opus Dei founder, once said. And that battle is a battle of love, and not mere conflicts driven by hate and fear, etc. We need to be always on guard, and the best way to do that is to pray, to be in constant conversation with God, our Father, whose wisdom and omnipotence he is willing to share with us. his children, created in his image and likeness. It is through prayer that we can see and receive the power of God. It is where we can train ourselves in the skills of spiritual combat—how to deal with our weak-nesses, temptations and our sins and defeats. It’s where we can nurse our wounds. We have to learn to pray and to convert everything into prayer. “Pray without ceasing,” St. Paul says (1 Th 5,17). “Watch and pray,” Christ told the sleepy Peter, “that you may not enter into temptation. The spirit is indeed willing, but the f lesh is weak” (Mt 26, 41).

line’ was based on an indi-vidual or family daily earn-ings of US$1.00 (P40.00) to US$2.00 (P80.00) compared to prices of commodities in the world market. However, this figure is uncertain. In the first place, we did not know how the Central Intelligence Agency (CIA) got the figure. We know that the CIA has deployed several ‘core collectors’ in the country. These ‘core collectors’ must have collected base infor-mation which were relayed

Cris Diaz

diaz/PAGE 8

5Monday-Tuesday I Dec. 24-25, 2012BusinessWeek www.businessweekmindanao.com


tig, executive director of the Pilipino Banana Growers and Exporters Association, told BusinessWeek Mindanao on Tuesday. He said the losses were “very heavy” that there are some companies that wanted to abandon their farms in areas hit by the typhoon two weeks ago. The association earlier

Banana...from page 1

Pablo in Compostela Valley should be revived. “So far we are still mak-ing plans on how to revive the industry (in these areas) or whether the industry (in Compostela Valley) must still be revived,” Stephen A. An-

reported that losses could reach P8 billion with about P5.7 billion in crop losses. Based on estimates of the association, the typhoon af-fected about 150,000 farm workers and employees who are either directly or indirectly dependent on the industry. In a national television interview on Monday, banana

industry leaders expressed apprehension over shift in the weather since typhoons normally do not pass Com-postela Valley. Replanting would be use-less if strong typhoons would damage the crops in the prov-ince repeatedly, an industry spokesperson noted. In his visit to the city three

days after Typhoon Pablo hit the region, Secretary Proceso J. Alcala said the Land Bank of the Philippines will open a lending window for banana growers. But information relayed by industry sources noted the lending window could only provide about P2.1 billion in loans, a small fraction of the

damage estimate. Mr. Antig said the assis-tance from the government would have to be massive considering that earlier esti-mates indicated about 10,000 hectares of plantations were damaged, the bigger part in Compostela Valley while the rest in nearby Davao del Norte.

A Depositors Forum will be conducted on January 4, 2013 to inform depositors of the requirements and procedures for filing deposit insurance claims. Claim forms will also be distributed during the Depositors Forum. The schedule and venue of the Depositors Forum will be posted in the bank premises and in the PDIC website, www.pdic.gov.ph.

Bank...from page 5 Based on records as of September 30, 2012, the Rural Bank of Bangar had 1,256 accounts with total deposit liabilities of P21.37 million. In a statement, PDIC said all valid deposits shall be paid up to the maximum deposit insurance coverage of P500,000.

Contactless Automatic Fare Collection System, the Mod-ernization of the Philippine Orthopedic Center, as well as the Rehabilitation and Operation and Maintenance of the Angat Hydro-Electric Power Plant Auxiliary Tur-bines 4 & 5. Two projects have been awarded, namely the Daang-Hari SLEX Link Road Project and phase 1 of the School

Bids...from page 10

these projects, ” Cosette V. Canilao, PPP Center execu-tive director, said. The other seven proj-ects are phases I and II of the School Infrastructure Project, the NAIA Express-way Project, LRT Line 1 Cavite Extension Opera-tion & Maintenance, the

Infrastructure Project. Of the 8 PPP projects up for bid, 6 received support from the Project Develop-ment and Monitoring Fund (PDMF). The PDMF prov ides implementing agencies the funding support for the procurement of transaction advisors who are tasked to develop and prepare pre-feasibility, feasibility studies

and tender documents for PPP projects, and provide assistance in the bidding process. The PPP Center a lso provides technical advisory, project facilitation services, and capacity building sup-port to implementing agen-cies and local government units in ensuring that PPP projects are developed and implemented effectively.

ARMM looms as investment potential in MindanaoBy BEN D. ARCHECorrespondent

top government officials from neighboring coun-tries including investors to come to the region and look for business op-portunities where they can pour their capital. ARMM is now im-plementing “pockets of reform” such as organiz-ing good policies for governance to ensure good business climate. “No one has the right to be poor in the region,” Hataman said in a press statement. Hataman added that

DAVAO Cit y – T he Autonomous Reg ion in Muslim Mindanao (ARMM) has started to promote its potential as an ideal region for in-vestments in Mindanao. ARMM acting gover-nor Mujiv S. Hataman began in sending trade delegat ions to ot her countries like Malay-sia to discuss business opportunities with the region. Hataman also invited

the region is ready to welcome investments in industries like rubber, palm, coconut, fisheries and mariculture produc-tion. The Mindanao De-velopment Authority (MDA) a lso assured that trade missions will include promotion of AR MM based on its investment potentials. “What we are looking right now is to identify and harness the strength of each region in Mind-anao specially ARMM

and find out the viable opportunities available in these areas,” Romeo M. Montenegro, MDA director for investment promotion and public affairs said. The region is a lso ready for investments in Halal products, accord-ing to an official of the Board of Investments. Gil M. Dureza, BOI chief said that among those who visited the reg ion recent ly were representatives of the Jabatan Kemajuan Islam

Malaysia, a Malaysian agency that regulates Halal certification. Dureza explained that the Malaysian group was looking at the vi-ability of a joint ven-ture between Malaysia and the region for Halal production with the goal of penetrating the Halal market. The Malaysian gov-ernment, Dureza added has also expressed its commitment to help the region in developing its

Halal industry. Among the agreed areas of cooperat ion with the East Asean Growth Area was the Halal industry, but the plan hit a snag af ter some issues including the issue on bird f lu came into the picture. T he movement of goods and products are among those issues that prevented the coopera-tion on the Halal indus-try from taking off, the BOI said.

8 Monday-Tuesday I Dec. 24-25, 2012 BusinessWeek www.businessweekmindanao.com


Diaz...from page 6

to be strongly convinced and frequently reminded that it is no fair deal at all to gain the world only to lose the soul. So, we have to learn to discipline our human im-pulses that in their raw state need to be educated, purified and formed according to the Christian ideals where charity and love for God and others would be the primary directing principles. We are easily carried away by the forcefulness and the captivating charms of our worldly concerns. We have to learn how to disengage ourselves from their grip. And this is not so much a matter of turning away from them as in bringing them to our prayer to consider them before God. That’s where they would be properly tackled. For this, we need to learn how to pause from time to time to be able to regain our bearings, so to speak, since most likely we would lose our proper footing in the heat of passion and in the whirl of our work and business. We need time to make piety, that filial relationship with God marked by affec-tion and attachment, take firm root in our life and in our system. As persons, with intelligence, will and heart, we need to see to it that the first and abiding object of these faculties of ours should be God, and not anything else. Rather, everything else

Cimagala...from page 6

as “self-poverty” survey say-ing poverty in Mindanao and in rural areas increased sharply by 34 points to 72 points the highest in eight years, or since November 2003’s 77 percent. The SWS survey used face-to-face interviews of 1,200 adults nationwide. Sampling error margins of ±3% for national and ±6% for area percentages applied to the survey, the GMA report said. Wit hout doubt , t h is Christmas as in many past Christmases only the rich and politicians in the Philippines enjoy the holidays. For us who lived below and within the threshold of poverty, it is ‘as always’ a very ‘Weary Christmas.’ React: [email protected].

We have to fight against our tendency to be swal-lowed up by our work and the dynamics of our earthly concerns. In fact, we should turn them into prayer. That’s how we would refer them to God and not treat them merely as human or worldly affairs. Christ already warned us, “What does it profit a man if he gains the whole world, and suffers the loss of his own soul?” We need

should be related to God. Even our faults, our temp-tations and sins should be related to God, since that’s the proper way to handle them. Without God, when we don’t bring them to our prayer, they would just fester and get worse. Let’s fight to pray. Let’s schedule it clearly, and learn how to be f lexible and per-severing in prayer.

the P1-million fertilization fund for the coconut trees in the typhoon-stricken areas. “We will implement it in the 10,000 hectares of coco-nut plantation in Compostela Valley and Davao Oriental areas,” Forbes said. He also said the PCA will encourage coconut farmers to do inter-cropping and livestock-raising in line with the “Kaanib Program,” while waiting for the coconut trees to grow. Forbes said it takes seven years to plant and harvest coconut trees. “We urge farmers not to rely solely on coconut for income since they can diversify to inter-cropping and raising goats and pigs while waiting for the trees to grow. It is the only way for them to go higher than the the poverty threshold which is P100,000 annually,” he said. Forbes said the emerging coconut trees will already be

Coconut...from page 2

of the dwarf variety since the climate change has proven that Mindanao is no longer typhoon free.

expand the portfolio”, the company said. Nissan Chief Executive Carlos Ghosn, who also heads French parent Renault, has pledged to build Infiniti vehicles in China and a new premium compact sedan in Europe. The European car will face some tough competi-tion, said IHS Automotive analyst Ian Fletcher, citing Daimler’s Mercedes A-Class, the 1-Series from BMW and A3 from Volkswagen’s Audi. “It’s going to be up against the killer vehicles of the premium market,” he said, adding that Infiniti ’s Eu-ropean market penetration remains far “below niche”. According to IHS fore-casts, the situation will get worse before it gets better. The consulting firm pre-dicts fewer than 3,000 Infiniti deliveries in Europe this year and a further decline in 2013, compared with more than 120,000 vehicles sold in the United States.

Nissan...from page 3

ment posted in its website. Basilan Representative Jim Hataman Salliman said the EO is “another show of good sense and true pursuit for peace by President Aquino.” “We welcome this latest development and at the same time hope that the Commit-tee will effectively enact its mandate,” Salliman said in an emailed statement. Salliman said the forma-tion of the TC is a “qualitative development” towards the realization of a peace agree-ment in Mindanao. President Benig no S . Aquino III issued Tuesday EO 120, which also provided that the TC may put up an office and coordinate with other government agencies and Congress to get its work done. The TC, according to the EO, has an initial budget allocation of P100 million as well as the power to rec-ommend to Congress and the people, when necessary, proposed amendments to the Constitution. The TC is tasked to draft the Bangsamoro Basic Law in accordance with the Frame-work Agreement on Bangsam-oro signed by the govern-ment and the Moro Islamic Liberation Front (MILF) in Malacanang on October 15. The TC will be composed of 15 members — 7 to be picked by the government while the MILF will choose 8 — from a list of candidates. It will also assist in identify-ing development programs together with the Bangsamoro Development Authority and the Bangsamoro Leadership and Management Institute

Transitory...from page 1tive step forward in the GPH-MILF Peace Process, and in our collective quest for just and lasting peace in our land,” said Balay Mindanaw Founda-tion, Inc. (BMFI) in a state-

-- two institutions affiliated with the MILF. “[The EO] af f irms the President’s resolve to move forward the peace process for the Bangsamoro as a strategic initiative for political stability and economic development,” said Presidential Adviser on the Peace Process Teresita Quintos Deles in a statement. With the issuance of the executive order, the govern-ment and the MILF now have to appoint the members of the TC. “We call on the two par-ties to choose and appoint the best persons to compose the Commission that will draft the proposed Bangsamoro Basic Law provided for in the Framework Agreement signed by the Government and the Moro Islamic Liberation Front (MILF),” BMFI said. It added: “We call on the growing peace constituency and all the stakeholders to be steadfast in guarding our rights to be active partici-pants in this process that will greatly shape our future. No one should be excluded. As we look forward with hope, we renew our offer and our commitment to contribute meaningfully through our modest peacebuilding initia-tives.” The Young Moro Profes-sionals Network (YMPN) said the formation of the TC is the beginning of the “political and constitutional road map for establishing the envisioned Bangsamoro.” YMPN said it is confident that the TC “will follow a democratic, transparent, and inclusive process.”



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SM Prime opens 5th mall in China

HENRY SY-led SM Prime Holdings Inc has expanded its footprint in China with the Friday opening of its shopping mall in Chongqing, the developer’s fifth mall in the world’s second biggest economy. In a disclosure to the Philippine Stock Exchange, SM Prime said it is set to open SM City Chongqing, which will have a gross f loor area of 149,080 square meters, 85 percent of which have been awarded to various tenants. SM City Chongqing raised SM Prime’s mall network to 51 with a combined gross f loor area of 6.3 million square meters. It is the com-pany’s fifth mall in China after opening shopping cen-ters in Xiamen, Jinjiang, Chengdu and Suzhou. “We believe Chongqing is a significant market given the city’s huge population and its attractive growth prospects. As we learn more about the market and gain acceptance in China, we intend to penetrate other cities that show promising economic progress,” said SM Prime president Hans T. Sy. After Chongqing, the Philippine’s largest mall de-veloper and operator will

launch new malls in Zibo and Tianjin in 2014. Located in the Yubei Dis-trict, SM City Chongqing will serve a population of approximately 30 million residents, offering a mix of local and international stores. Its major tenants are Vanguard Supermarket, SM Department Store and Wanda Cinema. Junior tenants in-clude Vero Moda, Only, Jack & Jones, Starbucks, Watsons, and Kidswant. A major railway hub, Chongqing has several eco-nomic and technological de-velopment zones and boasts of cultural heritage and natural attractions. It is the starting point for the Yangtze River

cruise, which explores the impressive scenery of China’s famous Three Gorges. SM City Chongqing is a one-building structure with five levels. Its exterior design features fish scale panels ac-centuated by lighting. The mall’s interior has slanted glass panels that define lob-bies and create a grand en-trance ambiance. SM Prime has completed its planned expansion for the year with the opening of SM City Chongqing. For the year, it opened malls in Olongapo, Zambales; Conso-lacion, Cebu; San Fernando, Pampanga; General Santos, South Cotabato and Lanang Premier, Davao.

Vista Land says no letup in expansion

VISTA Land & Lifescapes Inc will hike its capital spending and step up its property ven-tures next year amid expecta-tions of sustained growth in the domestic economy that will fuel robust demand for real estate. In a statement, Ricardo Tan, Vista Land chief finan-cial officer, said the company has yet to finalize the exact figures, but its capital ex-penditure will exceed P18 billion next year. It has set a capital spending budget of P15.2 billion for 2012. Manuel Paolo Villar, Vista Land president and chief executive officer, said the company would pursue its three-pronged strategy of ex-panding its horizontal proj-ects in new areas, launching more condominium devel-opments in urban areas and building more commercial

developments within or near its residential subdivisions. “We will continue open-ing projects in new areas. We are currently in 31 provinces and 63 cities and munici-palities around the country,” Villar, son of Senator Manuel Villar, said. Vista Land has the widest geographical reach among property developers, with a land bank of almost 2,000 hectares nationwide. This will allow the company to take advantage of contin-ued strong demand in the property sector. “The macro environmen-tal factors bode well for the property industry, especially for Vista Land, to be another good year,” Villar said, citing strong gross domestic prod-uct growth, stable inflation, conducive cost of capital, good government credit and

a healthy fiscal outlook. Villar said the real estate firm is on track to hit or even exceed its net income target of about P4.2 billion and sales of P40 billion for 2012, representing a growth of nearly a fifth from last year’s figures. In the first nine months, its earnings grew 24 percent year-on-year to P3.2 billion from last year’s P2.6 billion. “I am extremely pleased with our company’s perfor-mance this year. Our oper-ating targets are likely to be met, our stock price has done very well, and I am op-timistic about our prospects for 2013,” said Villar. Vista Land is the hold-ing company of five busi-ness units, namely, Brittany, Crown Asia, Camella Homes, Communities Philippines, and Vista Residences.

Govt seeks bids for Mactan expansion

THE Aquino administration has begun seeking bids for the construction of a new passenger terminal at the Mactan Cebu International

Airport (MCIA), the govern-ment’s eight public private partnership (PPP) project rolled out since the program was launched in November 2010. In a statement, the Public Private Partnership (PPP) Center said the $504.8 mil-lion project will include the construction of a new pas-senger terminal and apron, operation and maintenance of both new and existing passenger terminals, renova-tion of the existing terminal, installation of all equipment, including information tech-nology (IT) required under international guidelines and International Civil Aviation Organization (ICAO) stan-dards. Structured as a build-operate-transfer (BOT) proj-ect, it will grant the winning bidder the concession to operate and maintain the two passenger terminals and other landside facilities for 20 years. Companies that earlier expressed interest in the proj-ect include San Miguel Corp, Metro Pacific Investments Corp and the partnership of Ayala Corp and Aboitiz Equity Ventures. State-run Mactan Cebu International Airport Au-thority will continue to oper-ate and maintain critical air-side facilities of the airport,

including the runway, taxi-way, apron, communication navigation and surveillance facilities, air traffic control tower, among others. The Civil Aviation Au-thority of the Philippines (CAAP) meanwhile will con-tinue to provide its airways navigation service at the airport. The MCIA is the second largest international airport in the Philippines, serving 14 percent of the country’s passenger traffic or some 5.7 million passengers a year. The airport serves as a gateway to tourism desti-nations around the Visayas and the project is expected to increase tourist arrivals in Cebu and nearby regions. In 2011, the MCIA served as gateway to 1.6 million tour-ists. “We are very pleased about the outcome. This is a product of a lot of hard work and diligence of the implementing agencies. The game plan was to focus on structuring these projects properly and to successfully bid them out. With a little bit of pushing, and with things falling into place, we finally have 8 PPP projects up for bid. What is encouraging is the immense interest that we are generating from the private sector to invest in

bids/PAGE 7

Republic of the Philippines REGIONAL TRIAL COURT MISAMIS ORIENTAL

10TH Judicial Region Branch 18

Cagayan de Oro City IN THE MATTER OF THE CANCELLATION OF SPEC. PROC. CASE NO. 2012-068 AND CORRECTION OF ENTRIES IN THE BIRTH CERTIFICATES OF MINORS HONEY PIE GASPAY ESTRADA, JENNIFER GASPAY ESTRADA AND JERILLE GASPAY ESTRADA, AURORA BATICA GASPAY and JERRY O. ESTRADA, Petitioners, VERSUS THE CIVIL REGISTRAR OF CAGAYAN DE ORO CITY,

Respondent x__________________________________x

O R D E R

The instant Amended Petition filed by the petitioners, Aurora Batica Gaspay and Jerry O. Estrada (hereafter petitioners), seeks the correction of the entries in the following:

From : To: The Date and Place of Marriage Parents in the Certificates of Live Birth of Honey Pie Gaspay Estrada, Jennifer Gaspay Estrada and Jerille Gaspay Estrada:

“ January 15, 1993,

Southern Leyte”

“None”

Date of Birth of Honey Pie Gaspay Estrada:

“October 17, 1997”

“October 27, 1997”

Mother’s Maiden Name in the Certificates of lo Live Birth of Honey Pie Gaspay Estrada and Jerille Gaspay Estrada:

“Rory Batica Gaspay”

“Aurora Batica Gaspay”

Finding the Petition to be sufficient in form and substance let the initial hearing of this case be set on March 27, 2013 at 8:30 in the morning before this Court let a copy of this ORDER be published at the expense of the petitioner, once a week for three (3) successive weeks in a newspaper of general circulation in Cagayan de Oro City. Respondents Local Civil Registrar of Cagayan de Oro and the National Statistics Office and any person having or claiming any interest on the entry whose correction is sought may within fifteen (15) days from notice of this ORDER or from the last date of publication thereof. File their opposition/comments and appear at the scheduled hearing. Furnish copies of this ORDER, together with the Petition and its annexes, to the Office of the Local Civil Registrar of Cagayan de Oro, the Office of the Solicitor General and the National Statistics Office, Manila. SO ORDERED December 3, 2012 Cagayan de Oro City

Dennis Z. Alcantar Presiding Judge

BWM: Dec 24, 31 2012 & Jan 7, 2013

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Congress

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FOI took back seat to RH bill, says soloncommittee report on the RH bill. Since a faxed copy arrived late, HB 4244 was ratified by the House only after 7 p.m.

Not urgent bill While they were wait-ing, however, a number of congressmen were allowed to deliver privilege speeches. One lawmaker expressed his support for the RH bill and was interpellated by Cagayan de Oro Rep. Rufus Rodriguez. With Congress now on Christmas break, Evardone said the FOI bill would have to wait until the session resumes on Jan. 21. “The FOI bill will have to go through the usual pro-cess, meaning it has to be sponsored on the floor, there will be a period of debates and amendments, and then voting,” he said.

GROUPS looking to blame someone for the delay in the passage of the freedom of informa-tion (FOI) bill in the House of Representatives should look no farther than another equally contentious measure—the reproductive health (RH) bill. Eastern Samar Rep. Ben Evardone, chairman of the House committee on public information, on Thursday said the FOI bill “took a back seat” when the lower chamber focused on getting the RH bill passed after it was certified urgent by President Aquino. Evardone admitted feeling some “pressure” to get the FOI bill rolling in the House, after the Senate passed its version of the measure on Monday. “Of course I feel the pres-sure, but we can’t do anything because the RH bil l was

certified as urgent so the FOI had to take a back seat,” he said in a phone interview. Evardone was supposed to deliver his sponsorship speech for the FOI bill on the f loor on Tuesday, the day after the chamber passed House Bill No. 4244, the RH measure, on its third and final reading. The session was adjourned early, however, partly because there were few representatives present. Evardone said he again failed to bring the bill to the floor on Wednesday because the House had to wait for the bicameral conference

He noted that Malacañang had announced the President would not certify the FOI bill as urgent. Doing so would have allowed the House to pass the measure on second and third reading on the same day, which was the case with the RH bill in the Senate.

Inclusion of ‘right of reply’

Evardone said he was anticipating a more heated debate on the proposed “right of reply” (ROR) provision being pushed by Nueva Ecija Rep. Rodolfo Antonino. It was one the contentious issues that delayed the measure in Evardone’s committee. “This time, I would leave it to the plenary to decide whether or not to include the ROR in the FOI bill,” he said. The RH bill took 14 years

to pass. How long will the FOI bill, now languishing for 20 years, have to wait? In a separate interview, Deputy Speaker Lorenzo Tañada III said the FOI bill had the distinction of being one of the longest—if not the longest—stagnating bills in Congress, having been filed in 1992. Now Tañada and the bill’s proponents will be racing to have the measure approved in the nine session days left to the House in January and February, before the represen-tatives go on election break.

Public access He remained hopeful though. “We still have nine session days and of course

I think by then the focus would be on the FOI bill,” he said. The FOI bill would make it the law to allow public access to government documents and transactions, subject to limitations such as infor-mation relating to national security and defense. Among other exceptions were suggestions by Malaca-ñang to include records of minutes and opinions ex-pressed during decision—or policy-making meetings deemed by the President to be privileged by reason of sensitivity or impairment of the presidential deliberative process, and data related to law enforcement and defense.

JV Estrada says October labor force survey out of touch with reality

JV Ejercito

By ALLAN MEDIANTEExecutive Editor

poor. “The government should stop being preoccupied with projecting positive employ-ment statistics. It’s time for the administration to buckle down to work and help Fili-pinos achieve prosperity through education and more jobs,” the solon said. Ejercito Estrada noted that since most of the unemployed are fresh graduates whose age range from 15 to 24 years old, the administration should focus on creating more jobs that will suit this segment of the labor force. He said that beneficia-ries of the Aquino admin-istration’s Conditional Cash Transfer program should be the focus of the government’s programs for employment so that they will not become dependent on dole-outs.

to show that the government should double its efforts

SAN Juan Representative JV Ejercito Estrada criticized Labor Secretary Rosalinda Baldoz for “welcoming” the results of the October 2012 Labor Force Survey (LFS) which indicated that some 120,000 Filipinos have joined the ranks of the unemployed. Ejercito Estrada said Sec-retary Baldoz’s statement is out of touch with reality, to say the least. “There is nothing to wel-come about the latest Labor Force survey. Sec. Baldoz’s statements are starkly dif-ferent from what’s really happening on the ground,” he said. The young lawmaker said that the correct appreciation of the latest employment statistics such as the LFS is

on ensuring that economic growth trickles down to the

12 Monday-Tuesday I Dec. 24-25, 2012 BusinessWeek www.businessweekmindanao.com


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