BusinessWeek

STORY ON PAGE 10

SM Cagayan de Oro honors internationl award-winning pianist Rudolf P. Golez, couple Henrik KellyJoanna Cris Yu and Cathy Genabe (not in photo) of Bigbys Caf and Restaurant.

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Issue No. 13, Volume II August 23-29, 2010

E-mail ad : businessweekmindanao@gmail.com Tel. Nos.: (088)856-7703, (08822)72-02-33 , (088) 587-1390, 0923-432-0687

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Govt to defer sale of Agus-Pulangi plants

By NELSON V. CONSTANTINO, Editor-in-Chief

Briey
Mariculture forum
INTERNATIONAL seafood buyers are turning to mariculture farms for a sustainable supply of popular marine species like grouper to meet the growing demand for live food sh. This development, industry analysts say, spells opportunity for Mindanao, which over the past decade has been developing the components for an integrated mariculture industry with the potential to signicantly expand its exports, while helping to conserve food 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 Conference, which will run from September 17 to 18 in Cagayan de Oro City, San Juan said. (PNA)

HE 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.
During the midyear Economic Managers Briefing held in Manila last week, Department of Energy Secretary Jose Rene Almendras said the government intends to efficiently manage electricity prices in the region to attract investors. Ive made it known that Im not eager to sell 982.1megawatt Agus and Pulangi hydropower complex. Part of the solution to Mindanaos power situation is the appropriate use of those hydropower plants not just for supplying electricity, but also in a pricing equation to manage the shifting to the true cost of power, Energy Secretary Jose Rene Almendras said. The Energy department is looking to use the power plant to balance the interests
See PLANTS/p.11 PLANTS/p.11

THE National Statistics Ofce of Region 10 is now undertaking machine processing of the 2010 Census on Population and Housing in Northern Mindanao at its Census Processing Center (CPC). The regional ofce 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), elds and data encoding of write-in entries, computerized geographic and household identication, validation, completeness and data consistency checking. Machine handlers are divided into two shifts; the 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 ofce in Manila on December or before January 2011.

Normin census

TREASURED CATCH. A man carries a 7-kilo sh locally known as haha-an caught in the 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

Oro solon seeks probe on GOCCs excessive salaries

By RUEL V. PELONE, Online Editor

TOP CORPORATE TAXPAYER. The Cagayan Electric Power

& Light Company, Inc. (Cepalco) recently swept the top 3 corporate taxpayersawards during the 106th BIR Reg. 16 Anniversary Celebrations 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. Regl Director Mr. Mamapok Diro, BIR Region 16 Director Ms. Esmeralda Tabule, Cepalco President & COO Mrs. Consuelo G. Tion, BIR Revenue District Ofcer Ms. Esther Palala and Cepalco Accounting Dept. Manager Ms. Pacita Chavenia D. Gabriel. (Photo Provided/Advertorial)

Oros pastel opens shop in Ali Mall

CAGAYAN de Oros famous pasalubong delicacy Vjandep Pastel will soon penetrate 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 malls management 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.

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 officials of Government-Owned and Controlled Corporations (GOCCs) and Financial Institutions (FIs). Benaldo said the salaries of GOCC officials are inappropriate, especially amid the poverty-stricken state of the average Filipino family.

Benaldo cited the high salaries of the officials and employees of the National Power Corporation (Napocor) in Cagayan de Oro City. Benaldo said Napocor janitors are receiving P20,000 salary per month and free electricity. When I served as councilor in CDO, I was informed that, while we exhausted all efforts 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,
See SALARIES/p.8 SALARIES/p.8

Oro is ranked 7th in RPs next wave cities

CAGAYAN de Oro City is fast becoming the countrys next hub for information technology-business process outsourcing (IT-BPO) as it now ranks seventh in the 10 next wave cities identied by the Business Processing Association of the Philippines (BPAP), Commission on Information and Communications Technology (CICT) and Department of Trade and Industry (DTI). The list include Davao City as number one, followed by Sta. Rosa in Laguna, Bacolod in Negros Occidental, 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 identication and development of next wave cities is aimed at spreading the growth and benets 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
See CITIES/p.11 CITIES/p.11 Cagayan de Oro is next business process outsourcing hub.

2 August 23-29, 2010

Economy Oro sets aside P300M for modern sanitary landfill

Mindanao is now assisting the city government in constructing said sanitary landfill located at Barangay Pagatpat in this city. Alex Jimenez, Chief of DENRs Mindanaos Environmental Impact Assessment Monitoring Division, said the area size of the proposed landfill site is about 30 hectares. Currently, the existing landfill is located at Sitio Zayas in Barangay Carmen, also this city. Technical personnel with the city government along with the DENRs assistance are fast-tracking the preparation of a framework for starting the project by either yearend or early next year.

BusinessWeek

MINDANAO

Lasureco distributes CFL to consumers

By APIPA P. BAGUMBARAN

THE city government of Cagayan de Oro is setting aside a P300 million budget for the construction of a sophisticated sanitary landfill. Said plan to construct a sanitary landfill came about out in an effort to solve the rising problem of garbage disposal in this fast-growing and progressive city in the region. The Department of Environment and Natural Resources (DENR) in Northern

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MARAWI CityTo help consumers control their electricity 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. Maongco, General Manager of LASURECO, said residential consumers can avail of the free CFL by presenting their electricity bills and exchanging their incandescent bulbs. The Switch to CFL, he said, is a campaign under the Philippine Energy Efficiency

Project (PEEP) being implemented by the Department of Energy (DOE) with the support from the Asian Development Bank. The campaign is aimed at reducing energy consumption and greenhouse gas emissions. Maongco further said the distribution is an implementation of the memorandum of agreement (MOA) on use of CFL between the DOE, National Electrification Administration and electric cooperatives from Northern Mindanao, the CARAGA region and province of Lanao del Sur signed last April in Laguindingan, Misamis Oriental. pia-marawi

Website workshop aims to put Lanao del Norte online

TUBOD, Lanao del Norte -To intensify and contain the management in developing the website of the provincial government of Lanao del Norte, all provincial offices in the Capitol building attended the one-day website workshop conducted by the Provincial Information Office (PIO) together with the website developer, Iligan Computer Institute (ICI) at the provincial administration conference hall on August 17. Department heads
See ONLINE/p.8 ONLINE/p.8

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BusinessWeek

MINDANAO

August 23-29, 2010

4 August 23-29, 2010

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 countrys leading

Corp.Board
Editor: Nelson Constantino

BusinessWeek

MINDANAO

Hapinoy stores to become Smart money centers

wireless services provider and the Philippines first and only sari-sari store chain, Hapinoy stores will officially 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. They 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 entrepreneurial opportunities and economic growth for members of the Base of the Pyramid (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 livelihood, while at the same time providing easier access to SMARTs cutting-edge products and services, including our award-winning Smart Money platform, Vea added. This new collaboration is an enhancement of the partnership sealed in 2007 with Microventures, Inc. (MVI) the social business enterprise behind Hapinoy. MVI initiated the Hapinoy project in an effort to empower sari-sari stores by linking them directly to partner product manufacturers and Microfinance
See CENTERS/p.7 CENTERS/p.7

Honda recalls 77 Civic cars

THE local arm of Japanese car maker Honda Motor Co., Ltd. has belatedly announced that a global recall of some Civic sedans will affect models made in the Philippines after all. Seventy-seven units of Civic 1.6 VTi-S produced locally 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 after a similar recall was declared in Japan and North America. This was contrary to its statement in February, issued immediately after the global announcement, that the local market has no reason to worry since all models sold in the Philippines are not affected. Honda Cars Philippines now says it will undertake a voluntary recall to replace parts of affected units. Letters of notice will be sent to concerned Civic owners starting August 16, 2010. To conduct the recall in an orderly manner, customers are requested to call their respective dealers, or the Honda Hotline, the car firm said.

Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 28 Mambajao, Camiguin In the Matter of the Petition for Issuance MISC. CASE NO. 95 of New Owners Copy of OCT No. P-6821, in the name of LEONARDA B. BALISTOY, Petitioner. Hon. Att y. Alma Concepcion M. Parreo, Provincial Prosecutor, In her Capacity as Ex-Ocio Register of Deeds, of Mambajao, Camiguin. Respondent. X-----------------------------------------------------/ ORDER Petitioner, 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 Certicate of Title No. P-6821 duly registered in the Oce of the Register of Deeds of Camiguin. That the owners duplicate copy of the OCT of the aforesaid parcel of l and was lost in her possession and despite earnest eort to locate it, the same prove futile. The fact of such loss was duly registered in the Oce of the Registry of Deeds of Camiguin. That said title has not been mortgaged encumbered or sold to any individual or entity nor has been attached or otherwise conscated by any lawful authority. The Original Certicate of Title of the above-mentioned parcel of land is intact in the Oce of the Register of Deeds in the Province of Camiguin. It is the main thrust of the petition that after hearing new Owners Duplicate of Original Certicate of Title be issued under the same terms and conditions as contained in the original on le. The petition being sucient in form and substance is hereby set for hearing on November 10, 2010 in this Courts Session Hall, to start at 8:30 oclock in the morning. Let copy of the petition together with all its annexes and of this Order be furnished The Register of Deeds at Mambajao, Camiguin; The Administrator, Land Registration 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.) Bulletin Board Public Market, Mambajao, Camiguin; 2.) Bulletin Board Municipal Hall, Mambajao, Camiguin; 3) Bulletin Board Provincial Capitol, Mambajao, Camiguin; and 4.) Bulletin Board this Court. Let copy of this Order be published at petitioners expense once a week for three consecutive weeks prior to the date of hearing in any newspaper of general circulation in the Province of Camiguin. Any person or entity whose interests might be adversely aected by this proceeding may le written opposition within a reasonable time prior to the date of hearing and appear personally during the hearing to substantiate the same. So ordered. Done at Mambajao, Camiguin, this 26th day of July 2010.

BWM Aug. 23,30, Sept. 6, 2010

(Sgd.) RUSTICO D. PADERANGA Judge

making a difference

Happy fiesta to all the people of Cagayan de Oro City!!!

Greetings from:
Elvira L. Go,

Republic of the Philippines Regional Trial Court of Misamis Oriental 10th Judicial Region Branch 38 Cagayan de Oro City In the Matter of the Estate of Antonio M. Go, Sr., SPL. Proc. Case No. 2001-185

Petitioner, For: Issuance of Letters of Administration -versusEladia L. Go, Rogelio L. Go, Carlos L. Go, Franklin L. Go, Celia GoRamos, 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 decedent, 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 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 rst publication of this notice, serving a copy thereof upon the aforementioned 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 le in this Court a printed copy of the notice accompanied with an afdavit setting forth the dates of the 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

Providing Quality Roong Since 1963

Union Galvasteel Corporation is in the business of producing galvanized and prepainted coils and sheets for commercial, industrial and residential purposes.

Sa Tibay at Ganda, Panalo Ka

UGC has continuously enhanced its competitiveness to emerge as one of the countrys leading manufacturers of galvanized and prepainted steel coils and sheets for commercial and industrial applications.

Total Customer Satisfaction

Our commitment is to produce and market these products and provide services that consistently meet quality standards and ensure total customer satisfaction.

No. 3 Kimwa Cpd., Baloy, Cagayan de Oro Tel No: (088) 855-1563 E-mail: mktgserv_cdo@uniongalvasteel.com.ph mktg_cdo@uniongalvasteel.com.ph

Cagayan De Oro Rollforming Operation

BusinessWeek

MINDANAO

Corp.Board
Editor: Nelson Constantino

August 23-29, 2010

BPI still RPs best in cash management bank

ON 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. Through continuous deployment of solutions that meet the increasing sophistication of corporate customers, BPI has kept its position as the best in the Philippine cash management industry. With technology capabilities that match the capabilities of global banks complemented by the widest network among local banks, BPI offers its customers unparalleled support for the fulfillment of their cash management needs. Cash management is concerned about the efficient handling of the inflow and outflow of cash to and from the business. Through its various products and services, BPI offers its corporate customers multinationals, large corporates, small and medium enterprises (SME) solutions to their collections, disbursements and liquidity management concerns. While traditional cash management products are still available to clients, BPI capitalizes on its technology capabilities to deliver its services through more advanced means. The ExpressLink, the Banks internet banking platform for corporate customers, caters to the customers cash management needs by providing them a secure, convenient and efficient way of doing banking transactions online. The ExpressLink enables clients to pay their suppliers, employees, utilities and government obligations in the comfort of their offices. Account balances, bank statements and collection reports may be viewed and downloaded for automated reconciliation. Among other things, these are the online services offered by BPI to its corporate customers who have at least P100,000 in ADB. As the local cash management 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

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF Tubod, Lanao del Norte NOTICE OF EXTRA-JUDICIAL SALE EJF No.: 145-07-2010 Upon the Extra Judicial Petition for Sale under Act 3135/1508, as amended, 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, attorneys 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 managers check and in Philippine Currency, the following property with all its improvements, to wit: LIST OF MORTGAGE PROPERTIES TRANSFER 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-Ofcio 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 Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF Tubod, Lanao del Norte NOTICE OF EXTRA-JUDICIAL SALE EJF No.: 144-07-2010 Upon the Extra Judicial Petition for Sale under Act 3135/1508, as amended, 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, attorneys 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 managers check and in Philippine Currency, the following property with all its improvements, to wit: LIST OF MORTGAGE PROPERTIES TRANSFER CERTIFICATE TITLE NO. T-19,859 A parcel of residential lot with all the improvements such as residential building and etc. Identied 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-Ofcio 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

in technological advancement among local banks; nationwide presence through its extensive branch network; renowned history of integrity and stability; continuous innovation and enhancement of existing facilities to address customers needs; and enabling brand of customer service. L e veraging on t hes e strengths, the BPI cash man-

agement team is looking to further augment its customer base, increase transaction volumes, acquire new mandates, forge more partnerships with global banks and contribute more to the Banks revenue stream. With these goals realized, BPI looks forward to sustaining its leadership in the cash management business in the country.

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

6 August 23-29, 2010

Opinion
Editor: Nelson Constantino

BusinessWeek

MINDANAO

The good-for-nothing
THINK a minute. Guiseppes Papa came from a family of fishermen. In fact, for 300 years the men in his family had been fishermen in the country of Sicily. His Pap a e ve ntu a l ly moved to San Francisco where he continued their fishing business. Eventually they had 9 children. All the boys from the time they could walk helped Papa on his fishing 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 fish. But even when his dad saw how sick Guiseppe got on the boat, he did not accept it. He always told his son Guiseppe that he was goodfor-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 find to bring money back to his father. But instead of his Papa being proud of his hardworking 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 successful son in his whole family. That young boy whom his Papa had always called goodfor-nothing, became one of the greatest professional baseball players in history. You may have even heard of Guiseppe by his Ameri-

Think A Minute

JHAN TIAFAU HURST

can name, GuiseppeJoe DiMaggio. You see, Guiseppe Joe Dimaggio refused to believe all the bad things his dad said about him. He never stopped trying until he finally found his special abilities. So even if your own family has told you
See HURST/p.7 HURST/p.7

Deja vu Butuan City!

WHEN I was a little boy, I used to pass by Butuan City in route to Mangagoy, Bislig in Surigao de Sur. The 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 familiar sights. The mighty river underneath 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 traffic passwords to get through the express lanes of the Constabulary check points. King of the road was Bus Company named City Virgin. Modes of local transport were Calesas drawn by horses that flies the Plaza Rizal to Langihan routes. Jeepneys were already available but considered pang sosyal. There were no fast foods yet but carenderias selling puso, dinuguan and adobong manok. Dining inside a Chinese restaurant was a symbol of affluence. Children of Loggers were driving Ford Mustangs while elderly businessmen associated with the lumber and plywood business were in their Mercedes Benz B-class. Ferdinand E. Marcos was just

Rules on carrying travel funds

EVER wondered how much money you could bring while on travel abroad? Apparently, 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. This means that a person can bring outside the country P10,000 without any prior approval from the central monetary authority. He could also freely bring the same amount back to the Philippines. However, prior authorization from the BSP is required for the export or import of Philippine currency exceeding P10,000. Travelers should course their application for a permit through the BSPs International Sub-Sector (ISS), headed by Managing Director Wilhelmina Maalac. But not everyone could actually get this permit, according to the ISS International Operations Department. There are only a few special cases in which the IOD has allowed the exit of more than the prescribed amount from the country.
JOE DEL PUERTO FELICILDA URIEL C. QUILINGUING Editorial Consultants JENNIVER ALAMBATIN Advertising FELIX SANTILLAN Layout Artist ARIEL LUMAPAS Production
PELAGIO QUITAT

TRAVERSING THE TOURISM HI-WAY

PED T. QUIAMJOT
elected President who years later will declare Martial Law and stop all logging operations in Agusan areas. That was three decades ago. Butuan City now has metamorphosed from the total logging ban into a fast developing City. The Calesas are gone and now replaced with Honda, Yamaha and Kawasaki motor bikes. Big hotels, fast foods and modern buildings co-exist 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 destination 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 Pacifics

A-319 and Pals bigger Bombardier aircraft. Barbershop talks in the City are quite amusing that asserts history. Accordingly, before there was Philippines, there was already Butuan. When Magellan arrives in 1521, the Philippine history ended. El Rio de Butuan in what was known as Masao is Magellans 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 Museum 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 Macapagal Bridge links the urban center to the eastern suburbs of Baan and Ampayon. It is Butuans newest tourist 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. The opening of the bridge cuts down travel time and by pass the main city thoroughfares from big cargo trucks. Built amidst the panoramic natural beauty of Mount Diwata and Wide River surrounding the area, plans are
See QUIAMJOT/p.7 QUIAMJOT/p.7

SPEAKING OUT

IGNACIO BUNYE
Companies and individuals who could prove to the IOD that they will be bringing out Philippine money only for numismatic or collection 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. The IOD also issues permits to banks that need bills to test their newly-constructed ATM machines abroad. However, the IOD clarified that these bills should be returned to the BSP after the testing period. According to the BSPs Center for Monetary and Financial Policy, headed by Director Francisco Dakila Jr., the pesos status in the international market is the main reason behind this restriction. The CMFP pointed out that unlike the US dollar,

the Japanese yen or the euro, the peso is not internationalized. This means that the peso is not used for international trade or as payment for foreign loans and investments, the CMFP said. Another reason behind the restriction is the BSPs need to monitor the money supply in the country in pursuit 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 restriction 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 currency 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 ExchangeDenominated Bearer Monetary Instruments Declaration 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 confiscation of the foreign currency involved.

DANTE M. SUDARIA Publisher ROSE MARY D. SUDARIA Manager The BusinessWeek Mindanao is published by BusinessWeek Mindanao Advertising and Promotions every Monday with ofce address at FICCO Building, Lapasan Highway, Cagayan de Oro City. It is registered with the Department of Trade and Industry (DTI), Region 10 with Certicate No. 00875701, and with Business Permit No. 2010-5698, TIN No. 946-396807 Non VAT. Tel. Nos.: (088)856-7703, (08822)72-02-33 (088) 587-1390, 0923-432-0687 NELSON CONSTANTINO Editor-in-Chief RUEL PELONE, JOEL ESCOL Online Editors GERRY LEE GORIT, ROLANDO SUDARIA

BUREAU CHIEFS/AGENTS
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MARLON DOMINGO

Circulation Website: www.businessweekmindanao.com ATTY. MARIO T. JUNI E-mail : businessweekmindanao@gmail.com Photo Journalists Legal Counsel Member: Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. (Oro Chamber) Misamis Oriental - Cagayan de Oro Association of Publishers (MOCAP), Inc.

BusinessWeek
MINDANAO

Views/comentaries
Editor: Nelson Constantino

August 23-29, 2010

Augustine and Monica

AUGUST is a much-awaited month for Kagayanons. With excitement we look forward to the parade, beauty pageant, exhibits, eatall-you-can parties, mall madness sale and no-work public holiday.
We are a pleasure-seeking generation and in our mad frenzy for amusements we have lost sight of the real reason for our celebration: the feast day of our patron saint Augustine on the 28th and of his devout mother, St. Monica, 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 Augustines sainthood. It is a disgrace that there are more people in the shopping 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. Augustine 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 businessman. His mother, Monica, was a pious Christian. Monica, aside from having a violent and womanizing 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 husbands 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 daughtersin-law! It was the deepest desire of her heart that her brilliant but sometimes prodigal son Augustine would be converted. But Augustine was not attracted to Christianity. He found the bible dull. Just forgive them and know that your heavenly Father created you for great things. You CAN become successful and reach your full potential. Just ask Jesus Instead, he espoused the religious 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 influenced 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 Augustine was baptized by Bishop Ambrose. God had granted her wish and there was nothing left for her to do in this world. Soon after, she fell ill and died at the age of 55. Augustine returned to his native land where he was ordained a priest and later chosen to be the Bishop of Hippo. He remained in this post for 35 years until his death at the age of 76. Christ to take control of your life every day, and Hell 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.

SEIZE LIFE... Centers from page 4

BY THE BALLS!
Microfinance Institution (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 efficiency measures, to enjoy merchandising support and product testing from Talk N Text, and to have additional sources of income through the electronic financial services offered by SMART. Smart Money is the worlds first reloadable electronic wallet linked to a mobile phone. Through Smart Money, account holders may send and receive cash using their cellphones, all at the speed of text message. In September 2008, SMART was the only Southeast Asian company to receive the World Business and Development Award from the International Chamber of Commerce, Prince of Whales International Business Leaders Forum, and UN Development Programme. SMARTs programs, including Hapinoy, were cited for servicing the Base of the Pyramid, and for changing the way Filipinos communicate. We are excited with this newest development in our SMART partnership. In the Butuan could play a catalyst to the development of the entire region. Korean investors are positioning entries into Golf Course development and resorts as forwarding recreation

GIRLIE GUALBERTO-SUAN
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. Augustines inspiring story brings home the simple truth that in every man, there is a sinner in his past and a saint in his future!

same manner that we aimed to give microentrepreneurs viable and sustainable business opportunities, we are happy to provide BOP members with easier access to financial services which they otherwise had limited access to. Hand in hand with SMART, we hope to alleviate poverty, one sari-sari store at a time, said MVI President Bam Aquino. The Hapinoy Store project serves as a vehicle for opening new sustainable business opportunities for Filipino microentrepreneurs. The project also benefits 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 international institutions offering SMARTs mobile commerce solutions. A trusted enabler of partners here and abroad, Smart Money has established linkages with the leading banks of the Philippines, the countrys primary ATM consortia, local and international remittance companies, and millions of MasterCard establishments found all over the world and on the worldwide web. venue to their nationals and other foreign tourist lured into extreme sports and ecotourism. For comments and feedback, please email this writer at pedrito2559@yahoo.com.

Hurst

from page 6
that youll never be successful and that youre goodfor-nothing, dont believe them.

Quiamjot
from page 6
already afoot for launching a river cruising adventure according to DOT Region 13 Letty Tan.

8 August 23-29, 2010

Online
from page 2
and respective representatives from the different offices convened with much enthusiasm and high hopes to learn the necessary information of website development and ways to explore the official website of Lanao del Norte, www.lanaodelnorte.gov.ph. There is a need to further review the content of the website 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.

BusinessWeek
The workshop includes topics which are fundamental to the attendees on how to get acquainted in creating an account and possibly get an official access on their respective offices which are links and content of the website in which they can further submit an article to be published and edit previous data being uploaded. One can easily find or gather information about the various offices in the provincial government in just a blink of an eye by simply logging on www.lanaodelnorte.gov.ph next by clicking the tab About Lanao del Norte then Capitol, and outrageous and a big slap on the face of Filipinos. The [Commission on Audits] expose about the GOCCs salaries is ver y scandalous. Many are suffering from poverty. It is unjust for those officials to acquire so much money, while a lot of people are hungry and can barely afford to eat three meals a day, said Ferriol. Ferriol said GO CCs, which prove to be a burden to the government, instead of serving their original intention of raking in money for the countr ys coffer, should be abolished. However, Ferriol cautioned that before abolishing 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 another government agency or

MINDANAO

right on your eyes will appear the different offices with its corresponding mandated functions, top priorities and programs and services it can offer to the people. The provincial government is optimistic in coming up with highly interactive ways to foster efficient management and dynamic collaboration of the different offices to deliver quality and reliable services to the people of Lanao del Norte. Thus, the creation of the website tailored the need of the province to prove the peaceful existence of the Land of Beauty and Bounty. GOCC, could that particular GOCC be abolished. Reps. Mark A. Villar (Las Pinas) and Bernadette R . Herrera-D y (Bagong Henerasyon) said GOCCs functions should be carefully examined before making any move to abolish such. Vi l l ar, on t h e ot h e r hand, is concerned more on the plight of the ordinary employees working in GOCCs and their families. Each GOCC, he said, plays an important role in nation building. We cant decide on something without reviewing 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 government. Otherwise, well be losing them to private companies, the lawmaker added.

Salaries
from page 1
consumers, B enaldo said. The salary standardization could be higher compared to other government officials and employees, but with the same range and rate, unlike the present setup wherein GOCC employees salar y range depend on its charter, Benaldo said. Benaldo lauded President Aquinos move to issue an Executive Order putting a cap on the salaries and allowances of GOCCs and FIs officials and employees. Benaldos 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

Holcim opens CDO warehouse

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 oce and a warehouse in the city. William Sumalinog, Regional Operating Head of Mindanao Sales, said opening the warehouse and oce in Cagayan de Oro City is part of Holcim Philippiness commitment to better serve customers in the region. The warehouse and oce will make Holcim products more accessible, which is the fulllment of our promise to serve better our Cagayan business partners and customers. They wont have to go to the Lugait plant anymore to buy Holcim cement, he said. Sumalinog added that the warehouse is Holcim Philippiness vote of condence in Cagayan de Oro Citys development path, and a solid proof of the companys intention to stay in the city market for the long term. The Holcim Philippines ocial said customers from Bukidon, Misamis Oriental and Caraga areas are some of the beneciaries of the warehouses opening. Aside from making it easier for customers to do business with Holcim, Sumalinog noted that the warehouse will benet the community due to the jobs it will create and business it will generate for nearby establishments. The Holcim Philippines oce and warehouse, which can house up to 100,000 cement bags, are located at GTS Building, Corrales Extension, Cagayan de Oro City.

About Holcim
Holcim is one of the worlds leading suppliers of cement and aggregates (crushed stone, gravel and sand) as well as downstream activities such as readymix concrete and asphalt. The Group holds majority and minority interests in more than 70 countries on all continents. 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 distribution of cement to the domestic 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 operates four cement plants in La Union, Bulacan, Misamis Oriental, and Davao. It currently has 1,500 employees in the Philippines.

BusinessWeek
MINDANAO

Corp.Board
Editor: Nelson Constantino

August 23-29, 2010

THE Government Service Insurance System (GSIS) enjoins its members and pensioners to enroll now for the UMID-compliant eCard, as the GSIS Wireless Automated Processing System (G-W@ PS) kiosks undergo an upgrade that would also make the latter UMID-compliant. UMID stands for Unied Multi-Purpose ID (UMID) System, an oshoot of Executive Order No. 420 which requires all government agencies and government-owned and controlled corporations to streamline and harmonize their identication systems through the use of a unied multi-purpose ID. The GSIS said holding on to the old eCard Plus will disallow members and pensioners from enjoying the full benets of the new eCard. This, as the upgraded kiosks will only allow transactions using the UMID-compliant eCard. Kiosk transactions include online loan applications, online viewing of GSIS records and annual renewal of active status for pensioners. The GSIS said members

GSIS reminds members, pensioners of UMID-compliant eCard enrollment

and pensioners cannot go through with these transactions using their old eCard Plus with the upgraded kiosks. 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 enjoyed by the members and pensioners using the old eCard Plus. According to the GSIS, after enrollment, members will receive their UMIDcompliant eCards through their liaison ocers, while pensioners will receive them by mail. Once received, the UMIDcompliant 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 oces. The GSIS, a pioneer in the issuance of multi-purpose cards, is the 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 Mutual Fund (Pag-IBIG). With the CRN, the UMIDcompliant eCard will serve as a valid identication card not only for GSIS but also for SSS, PhilHealth and PagIBIG. 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 unied into one UMID card which can be used as a valid identication card. UMID-compliant eCard may also be used as a valid transaction card for SSS, PhilHealth, and Pag-IBIG but may require separate activation.

CONSERVE ELECTRICITY
A message from:

Your electric service copany since 1952

Bulua Hi-way, Cagayan de Oro City Tel No. 309-4755

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 19 Cagayan de Oro City NOTICE OF EXTRA-JUDICIAL SALE File 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 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, attorneys fees and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on August 31, 2010 at 1:30 oclock P.M. or soon thereafter at the lobby of the Hall of Justice, Cagayan de Oro City, to the highest bidder, for CASH or MANAGERS 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

10 August 23-29, 2010

BusinessWeek Tourism SM Cagayan de Oro unveils My City My SM

Editor: Ruel Villanueva Pelone

MINDANAO

Features Rudolf P. Golez, Couple Henrik KellyJoanna Cris Yu and Cathy Genabe
By JOE PALABAO Correspondent

INTERNATIONAL awardwinning pianist Rudolf P. Golez, couple Henrik KellyJoanna Cris Yu and Cathy Genabe of Bigbys Caf and Restaurant were among the prominent personalities featured 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 project which aimed to highlight pride of place through print communications campaign to share with their shoppers,

and to the rest of the country, the uniqueness of host provinces like SM- The Golden Smiles Cagayan de Oro. My City My SM ad campaign features prominent personalities from the provinces and cities who would serve as a tourist guide, guiding the reader around the city, the arts and culture, introducing 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 The Philippine Star, the Department of Tourism and the City of Cagayan de Oro. Prominent personalities featured are people who excelled 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

Director Catalino S. Chan III of the Department of Tourism (DOT) , couple Henrik Kelly-Joanna Cris Yu and Cathy Genabe of Bigbys Caf and Restaurant, Ms. Millie F. Dizon, VP for Marketing and Communications 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

of Cagayan de Oro restaurant entrepreneurs who brings the best to this love city and to the rest of the country. The event also showcased the glimpse of the ecology and rich entho-Filipino heritage of Northern Mindanao from the Gardens of Malasag Eco-Tourism Village performed by the tribes, the Citys Heritage, CDO as the White water rafting capital of the Philippines, tourist destinations and the beautiful live performance of the Integrated Performing Arts Guild (IPAG), a resident company of MSU-IIT.

Cagayan de Oro beauties, wearing the typical manobo attire, showcasing the Kagay-an native custumes and culture during the launching of SM Cagayan de Oros My City My SM on August 19. BWM photo

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

Cohara holds Kumbira 2010

By JOE PALABAO Correspondent

THE Cagayan de Oro Hotel and Restaurant Association (COHARA) in cooperation with the Department of Tourism (DOT) and Limketkai bring to the city of Cagayan de Oro the KUMBIRA 2010 showcasing the 14th Culinary Show and Live Competition

from August 18-20, 2010 at the Atrium, Limketkai. KUMBIRA is then considered 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 competition. Best of the best chefs

will be sent to Manila to compete for the Annual National Culinary Competition by September 2010. The Culinary Show will also showcase CDO Sinuglaw Festival. COHARA also will drumbeat the One Town One Product (OTOP) delicacy for Cagayan de Orothe Pineapple Pie.

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 Kumbiras 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 Thai Me Up

By JOE PALABAO Correspondent

BE in love with Bossa, a soothing Live Music at THAI ME UP as you enjoy an APPETHAIZING meal every Friday and Saturday from 6:30 to 11 in the evening. The music will lift up your spirits and be in love again as the performer sings, entertains and hitting the bossa notes like the performance of Sitti, Philippine Bossa Nova that captivates the hearts of every Filipino.
See BOSSA/p.11 BOSSA/p.11

BusinessWeek
MINDANAO

August 23-29, 2010

with Luzon and the Visayas because of Agus-Pulangi. The privatization of AgusPulangi hydro complex will increase power rates instead of reducing them, Mendoza said. With wire reports

11

Plants

from page 1
of consumers and potential investors in Mindanaos power-generation sector, he said. In the wake of the recent power crisis that struck Mindanao, industry stakeholders have pushed that the government 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 Reform Act of 2006 (EPIRA) to freeze privatization of the hydroelectric plants. Ive 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 Congressional Power Commission [JCPC] for their conferment, and Im ready for that. So hopefully, Congress gives us and I would have to explain to Congress why we dont want to do it, the Energy chief said. When sought for clarification whether the government will defer or no longer sell the power plant, Almendras made it clear that the AgusPulangi hydropower complex is not yet for sale. We dont want to sell it yet. How long that will be will depend on how soon we can achieve true pricing and make the appropriate adjustments to fall to encourage investors, he added. The Agus hydropower plant has seven units with a combined generation total of 700 megawatts (MW). The first of the seven units was constructed in 1953 and the newest one started operation in 1992. Agus is located in Lanao del Sur. The Pulangi hydropower plant in Bukidnon generates 255 MW and began operations in 1985. Both hydroelectric plants were scheduled to be privatized next year. Epira Law provides that the Agus-Pulangi hydropower complex should be privatized 10 years after its passage in 2001. Almendras said the freeze

in the privatization of the two plants could mean the pricing 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. The solution for Mindanao is the appropriate use of hydroelectric 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 AgusPulangi hydro complex in Mindanao next year. The Agus-Pulangi hydro complex is composed of six power plants and supplies 55 percent of the power needs of Mindanao. The Trade Union Congress Party (TUCP) earlier urged all Mindanaoans to oppose the proposed sale of the six Agus-Pulangi hydro complexes to private corporations. 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 privatization of power-generating assets was deemed to foster competition among energy players, improve operational efficiencies of power companies, ensure the constant supply of electricity and reduce power rates. All the promises of privatization remain empty promises. What we have now is the emergence of private and powerful monopolies and cartels, and increasing electricity tariffs 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. After years of power privatization, we are still reeling with brownouts and even higher electricity costs, Mendoza said. The Agus-Pulangui hydro complex is the source of cheaper electricity in Mindanao. Power rates in Mindanao are lower compared

Read the latest in business. Credible. Reliable. In-depth.

Cities

from page 1
in determining the list, they follow a scorecard ranking that weighs the availability of talent, infrastructure, 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 infrastructure, which has a 30 percent weight in the rating system. BPAP explained that IT-BPOs look at road accessibility, available international and domestic ights, reliable power supply and suitable ofce spaces, among others. Another major requirement is the presence of ber optic network providers in these new growth areas. BPAP pointed out that these companies need reliable international connectivity and a strong domestic backbone network, as well as relevant managed solutions that would t their specic requirements in the sites they set up in. These, together with quality talent pool are key requirements in raising the level of next wave cities as prime locations for IT-BPOs.

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Bossa

from page 10
Bossa music is an experience that you will never forget with a romantic and Thai ambience, mouth watering food and excellent service that only THAI ME UP can offer to food lovers of the City of Golden Friendship, the total experience 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 APPETHAIZING dishes that caters the interest and discriminating 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 afternoon 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 Mushroom with Sesame, Pork in Basil Sauce, Bagoong Rice with Noodles and Spring Roll with Noodles. Come and Dine Now! THAI ME UP is located at Capistrano-Mabini Streets, Cagayan de Oro City or call, telephone numbers 738424/310-8424.

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Contact : Tel. Nos: 856-7703, 587-1390, 72-0233

FICCO Bldg, Lapasan Hi-way, Cagayan de Oro City

YOUR LOCAL ON-LINE BUSINESS PAPER

FOR SALE! RAW LAND PROPERTIES

owned by Pryce Corporation
1 . Sontingon, Bugo, Cagayan de Oro City

Classication: Industrial Land , Beside Villa Trinitas Subd., overlooking Macajalar Bay., 4.9 ha at 250/sq.m.
2 . Bantiles, Bugo, Cagayan de Oro City

Classication: 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 Classication: 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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AUGUST 23-29, 2010

Bill Board
Editor: J. Ruel Villanueva Pelone

BusinessWeek

MINDANAO

Bisazza puts the Italian flair in your home

E 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 ingenious, artistic, practical and long lasting choice that can magically transform any part of your home inside and out. Whereas your grandmothers tiled counters of old come in the requisite white, Bisazza glass mosaic tiles come in a huge array of colors and unlimited designs that can match any a homemakers dream. Do you love owers and foliage? What about sexy animal prints? Wont dainty monochromatic shades of pink be perfect for your little girls room? Do you like traditional 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 for curves and other oddshaped 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 resistant 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 Bisazza 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 representing the best of Italys most luxurious brands. In the early days, the tiles were made by hand. By the 1980s 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 covered in tiles to match. A bathroom 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 Building, 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 information, call 741-8016 or log on to www.bisazza.com.

My|Phone Qwerty Invasion continues...

LONG Lines Form To Join MyPhones Bar To Qwerty Phone Trade In. MyPhone once again brought its much anticipated Qwerty Invasion back to Greenhills for the 3rd time.
THE Qwerty Invasion introduced My|Phones latest and hottest new mobile phones. Specially designed to satisfy the young mobile market with its sleek Blackberry inspired design but a TradeIn 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 , y o u r e 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 excitement. The S Phone is an exclusive 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|Phones 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 conscious 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!

QW28 Duo

q19 red

swarovskiphone