EMANO/PAGE 11 POVERTY/PAGE 11 EXPORTS/PAGE 11 PSALM/PAGE 11 Editorial and advertising email : [email protected] • Cell Number : 0917-7121424 • 0947-8935776 Market Indicators US$1 = P41.20 FOREX PHISIX AS OF 6:10 PM MAY 14, 2013 (Tuesday) 7,369.82 points X X 12 cents 56.36 points Briefly Delayed result MISAMIS Oriental -- Provincial election supervisor Cirilo Nala of the Commissions on Elections (Comelec) on Wednesday appealed for understanding over the delay in the proclamation of gubernatorial winners here. This, as the election returns in four mountain barangays in Gingoog City, Salay, and Manticao have not arrived at the provincial council where the canvassing of votes are going on since Tuesday due to unstable weather condition and in the absence of signal for transmission of results, Nala said. As of 11:46 a.m. Wednesday, gubernatorial candidate “Bambie” Emano (Nacionalista Party) leads the votes canvassed on Tuesday with a partial official vote of 178,974 as against his rival Norris Babiera (LP) who got a total of 156,996. Deferred WITH tensions rising among parties and candidates, what with election results grinding to a crawl, the Commission on Elections on Wednesday deferred the proclamation of winning senators, even as it tried to explain the slow transmission of results. Comelec Chairman Sixto Brillantes Jr., briefing reporters after the poll body sitting as the National Board of Canvassers decided on the postponement, blamed the snail’s pace transmission of election results on protests at various local levels. The Comelec directed municipal and provincial boards of canvassers to fast-track sending of data for the national races even in places where there are local-level protests. The NBC said it had added only 21 of the 304 certificates of canvass that indicate the number of votes from provinces, cities, towns, and overseas voting centers. J.P. RIZAL - CRUZ TAAL STS., (NEAR SHANGHAI BAKERY) DIVISORIA, CAGAYAN DE ORO CITY Volume III, No. 214 May 16, 2013 Thursday Cagayan de Oro City P15.00 POWER OUTLOOK Real Estate News New & Trending Eco-Business INSIDE LOOK Corporate World PAGE 2 PAGE 3 PAGE 4 PAGE 8 PAGE 5 B USINESS D AILY CREDIBLE RELIABLE IN-DEPTH Cebu Pacific eyes another Mideast destination Camella drives Vista Land gain 29% up Globe launches inbound calling offer for Koreans Technology Breakthrough: Smart Watches Geothermal power project ‘Green’ global trade to eradicate poverty Emano’s defeat his own undoing: Analysts PH exports rice anew from South Mindanao Psalm seeks fuel suppliers for Napocor power barges VICTORY CHEER. Supporters of Gov. Oscar Moreno cheer during the proclamation rally in front of City Hall. Moreno defeated incumbent Mayor Vicente Emano. MINDANEWS PHOTO BY FROILAN GALLARDO CAGAYAN DE ORO WINNERS. (L-R) Klarex Uy, Rep. Rufus Rodriguez and Gov. Oscar Moreno pose for TV and photographers after they were proclaimed as winners in Cagayan de Oro Tuesday night 14 May 2013. Uy won the congressional race in the First District, reelectionist Rodriguez in the Second District, and Moreno as mayor. MINDANEWS PHOTO BY FROILAN GALLARDO By BONG D. FABE Associate Editor A S the world hurtles towards open international trade, the United Nations Environmental Programme (UNEP) pushed for “greening” global trade in order to build new economic opportunities and generate employment leading to the eradication of poverty. In the 298-page report released on Wednesday “Green Economy and Trade— Trends, Challenges and Opportunities,” UNEP said there should be a “unified effort” at the international, regional, national and local community levels in addressing illiteracy and limited access to energy, among other barriers to a green global trade, so that these will no inhibit development and certified trade. A green global trade practice will help in reducing social inequalities and environmental pollution especially in developing and least developed countries, UNEP said. “In today’s increasingly interconnected world, where trillions of dollars worth of goods and services are traded annually, By Froilan Gallardo, MindaNews A COMBINATION of community issues centered on his handling of the Typhoon Sendong relief efforts ended the magic of Mayor Vicente Emano, whose political dominance in this city and the province of Misamis Oriental spanned more than three decades. The Commission on Elections By JOEY SEM G. DALUMPINES Contributor DAVAO City -- The Philippines has strengthened its entry to the global market as rice exporter with the export of another three-ton shipment of black, red and brown rice to Hongkong from the Don Bosco Multi-purpose Cooperative in M’lang, North Cotabato. The ceremonial send-off was held at the Tefasco Wharf in Panacan, Davao City this STATE-RUN Power Sector Assets and Liabilities Management Corp (Psalm) is seeking suppliers for the fuel requirements of the power barges of National Power Corp (Napocor). In a statement, Psalm said PBs 101, 102 and 103 will each need 3,840,000 liters of industrial fuel oil, while PB 104 will require 10,180,000 liters. proclaimed Gov. Oscar Moreno as the winner in the hotly- contested mayoralty race Tuesday night at the City Council session
Transcript
emano/PAGE 11
poverty/PAGE 11
exports/PAGE 11
psaLm/PAGE 11
Editorial and advertising email : [email protected] • Cell Number : 0917-7121424 • 0947-8935776
Market Indicators
US$1 = P41.20
FOREX PHISIX
AS of 6:10 Pm mAy 14, 2013 (Tuesday)
7,369.82 points
X
X
12cents
56.36points
BrieflyDelayed resultMISAMIS Oriental -- Provincial election supervisor Ciri lo Nala of the Commissions on Elec t ions (Comelec) on Wednesday appealed for understanding over the delay in the proclamation of gubernatorial winners here. This, as the elect ion returns in four mountain barangays in Gingoog City, Salay, and Manticao have not arrived at the provincial council where the canvassing of votes are going on since Tuesday due to unstable weather condit ion and in the absence of signal for transmission of results, Nala said. A s o f 11 : 4 6 a . m . Wednesday, gubernatorial candidate “Bambie” Emano (Nacionalista Party) leads the votes canvassed on Tuesday with a partial official vote of 178,974 as against his rival Norris Babiera (LP) who got a total of 156,996.
DeferredWITH tensions rising among parties and candidates, what with election results grinding to a crawl, the Commission on Elections on Wednesday deferred the proclamation of winning senators, even as it tried to explain the slow transmission of results. C o m e l e c C h a i r m a n Sixto Brillantes Jr., briefing reporters after the poll body sitting as the National Board of Canvassers decided on the postponement, blamed the snail’s pace transmission of election results on protests at various local levels. The Comelec directed munic ipal and provincial boards of canvassers to fast-track sending of data for the national races even in places where there are local-level protests. The NBC said i t had added only 21 of the 304 certificates of canvass that indicate the number of votes from provinces, cities, towns, and overseas voting centers. J.P. RIZAL - CRUZ TAAL STS.,
(NEAR SHANGHAI BAKERY)DIVISORIA, CAGAYAN DE ORO CITY
Volume III, No. 214 May 16, 2013ThursdayCagayan de Oro City P15.00
POWER OUTLOOK
real estate news new & trending eco-Business
INSI
DE
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OK
Corporate World paGe 2 paGe 3 paGe 4 paGe 8paGe 5
BusinessDailyC R E D I B L E R E L I A B L E I N - D E P T H
Cebu Pacific eyes another Mideast destination
Camella drives Vista Land gain 29% up
Globe launches inbound calling offer for Koreans
TechnologyBreakthrough:
Smart Watches
Geothermalpowerproject
‘Green’ global trade to eradicate poverty
Emano’s defeat his own undoing: Analysts
PH exports rice anew from South Mindanao
Psalm seeks fuel suppliers for Napocor power barges
VICTORY CHEER. Supporters of Gov. Oscar Moreno cheer during the proclamation rally in front of City Hall. Moreno defeated incumbent Mayor Vicente Emano. mindanews photo by froilan gallardo
CAGAYAN DE ORO WINNERS. (L-R) Klarex Uy, Rep. Rufus Rodriguez and Gov. Oscar Moreno pose for TV and photographers after they were proclaimed as winners in Cagayan de Oro Tuesday night 14 May 2013. Uy won the congressional race in the First District, reelectionist Rodriguez in the Second District, and Moreno as mayor.mindanews photo by froilan gallardo
By BONG D. FABEAssociate Editor
AS the world hurtles towards open international trade, t he Un ited Nat ions
Environmental Programme (UNEP) pushed for “greening” global trade in order to build new economic opportunities and generate employment leading to the eradication of poverty. In the 298-page report released on Wednesday “Green Economy and Trade— Trends, Challenges and Opportunities,” UNEP said there should be a “unified effort” at the international, regional, national and local community levels in addressing illiteracy and limited access to energy, among other barriers to a green global trade, so that these will no inhibit development and certified trade. A green global trade practice wil l help in reducing social inequalities and environmental pollution especially in developing and least developed countries, UNEP said. “In today’s increasingly interconnected world, where trillions of dollars worth of goods and services are traded annually,
By Froilan Gallardo, MindaNews
A C O M B I N A T I O N o f community issues centered on his handling of the Typhoon Sendong relief efforts ended the magic of Mayor Vicente Emano,
whose political dominance in this city and the province of Misamis Oriental spanned more than three decades. The Commission on Elections
By JOEY SEM G. DALUMPINESContributor
DAVAO City -- The Phi l ippines has strengthened its entry to the global market as rice exporter with the export of another three-ton shipment of black, red and brown rice to Hongkong from the Don Bosco Multi-purpose Cooperative in M’lang, North Cotabato. The ceremonial send-off was held at the Tefasco Wharf in Panacan, Davao City this
STATE-RUN Power Sector A s s e t s a nd L i a bi l i t ie s Management Corp (Psalm) is seeking suppliers for the fuel requirements of the power barges of National Power Corp (Napocor).
In a statement, Psalm said PBs 101, 102 and 103 will each need 3,840,000 liters of industrial fuel oil, while PB 104 will require 10,180,000 liters.
proclaimed Gov. Oscar Moreno as the winner in the hotly-contested mayoralty race Tuesday night at the City Council session
Cebu Pacific eyes another Mideast destinationGOKONGWEI-LED Cebu Pacific is eyeing another Middle East destination to add to the United Arab Emirates, to which a maiden flight is scheduled in October, according to documents from the Civil Aeronautics Board (CAB).
(FAA) and European Union (EU) are resolved. FAA downgraded the Philippines to Category 2 from Category 1 in 2008 after an audit in 2007, which found that the country was not compliant with International Civil Aviation Organization (ICAO) standards. The move barred local carriers from mounting f lights to the US, while PAL, which already had f lights to that country prior, could not expand routes. ICAO then tagged the Phi l ippines in 20 09 as “significant safety concern,” prompting EU ban local carriers the following year. ICAO last March removed the Philippines from the list of countries with safety concerns following audits last February and in October last year. Last month, officials of the Civil Aviation Authority of the Philippines (CAAP) met with EU transport officials in Brussels to present the country’s case. EU transport officials will visit the Philippines on June 3-7 to validate the presentation made by the country’s aviation authorities. FAA and CAAP officials met early this month but both parties have yet to announce
The budget carrier is t a rge t i ng t he 2 0 0 , 0 0 0 overseas Filipino workers in Qatar as no local carrier “is actually operating there,” Maria Vida H. Stoif l, Cebu Pacific’s External Affairs director, said in a May 6 letter to CAB Executive Director Carmelo L. Arcilla. “In view of the above, we respectfully submit our request for reallocation of at least one frequency assigned to Philippine Airlines (PAL) to enable us operate thrice-weekly schedules.” The countr y bagged eight flights per week for the Manila-Doha route under a memorandum of agreement in 2009. Six of the eight flights were allocated to PAL while the remaining two were given to Cebu Pacific. PAL presently uses its entitlements but through code-share agreement with Qatar Airways. Under that arrangement, PAL f lies its passengers to Doha using Qatar Airways aircraft. But PAL said it will f ly to Doha using its own aircraft
starting Nov. 1. PAL officials were not immediately available for comment on Cebu Pacific’s petition. If granted, Cebu Pacific said it intends to f ly to Doha every Tuesday, Thursday and Saturday starting February next year, according to the firm’s letter to CAB. “As we would like to be able to commence the application process with the concerned authorities in Qatar, we would like to urgently request the board to gra nt us immediate approval to operate at least two frequencies while we are waiting for the additional frequency allocation to be processed,” Ms. Stoif l said. Cebu Pacific’s petition comes ahead of the budget airline’s maiden long-haul f light to Dubai on Oct. 7. Aside from Middle East, Cebu Pacific had said earlier that it was also eyeing flights to the United States and Europe once safety concerns raised by the US Federal Aviation Administration
Ayala group pulls out of Iloilo coal power plant projectTHE energy unit of Ayala Corp has sold its interest in a 135-megawatt power plant that its joint venture with A. Brown Co is putting up in Iloilo. In a disclosure to the Philippine Stock Exchange on, Ayala said AC Energy Holdings Inc (ACEHI) sold its 40 percent interest in Palm Concepcion Power Corp (PCPC) and Panay Consolidated Land Holdings
Corp (PCLHC) to Palm T her ma l C onsol id ated Holdings Corp, a wholly owned unit of A Brown. “The sa le by ACEHI is a result of its strategic decision to focus on other power projects imminent in its development pipeline,” said John Eric T. Francia, Ayala managing director and ACEHI president. ACEHI wi l l be pa id its original investment in
PCPC and PCLHC, which will continue to pursue the project. The group broke ground this year on the P12.5-bil lion circulating f luidized bed thermal coal-fired power plant, which should be operational by 2015. Last October, ACEHI as well as PTCHC and Jin Navitas Resource Inc executed their shareholder’s agreement
BusinessDailyC R E D I B L E R E L I A B L E I N - D E P T H
2 thursdAy MAy 16, 2013
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3thursdAy MAy 16, 2013realestate
Advertising and EditorialE-mail : [email protected] nos. : 0917-7121424 • 0947-8935776Editor : Nelson Constantino
Lessandra , Gran Europa, Cagayan de Oro City.
Puregolds to build more mallsT H E hold i n g f i r m of Lucio Co is building more community malls in the provinces, as it plans to beef up its pharmaceutical business before injecting it into the listed company. On t he s idel i nes of Puregold Price Club Inc’s s to c k holder s me e t i ng , Leonardo Dayao, president of Cosco Capital Inc, said the company is putting up seven to eight community malls with a higher third-party tenant mix in the next two to three years. “This is all complementary to Puregold,” said Dayao. Puregold wi l l be the anchor tenant of t hese commercial hubs, each of which would cost between P300-400 million and would have a gross f loor area of 10,000 square meters, he said. Cosco and Ayala Land Inc (ALI) are jointly developing a 5.8-hectare mixed-use complex cal led Fairview Terraces a long Quirino Highway.
A L I ha s le a s e d 4 . 8 hectares of the property and is constructing a shopping mall and an office building. Cosco wi l l develop the remaining 1 hectare with Puregold as its anchor tenant.
Incubation Co last March bought ThreeSixty Pharmacy, a Cebu-based chain of 70 drug stores -- a venture that may take “some time” before turning in a profit, said Dayao. “Our pol ic y is we’ d
like whatever we put into a listed company to attain profitability… and size. But now, we think we will put in into incubation,” he said. “We are on the lookout for possible acquisitions of chain stores,” said Dayao. Earlier, Cosco said it will set aside P2 billion for its foray into non-food specialty retail through mergers and acquisitions as well as organic growth. The company said it will acquire pharmacy retail
Camella brand drives Vista Land gain 29% upVISTA Land & Lifescapes Inc on Wednesday said earnings could breach the P5-billion level this year after rising by nearly a third in the first quarter on the strength of its Camella brand.
last year’s P10.14 billion, which “confirms our reading that demand for housing all around the country continues to be very strong,” he said. Reservation sa les are expected to expand by 15-20% to P48 billion in 2013, but hitting P50 billion is” very possible,” Tan said. “The story is Camella. We continue to sell in the local market and OFWs,” said Tan. Vista Land launched 11 major subdivision projects during the quarter, eight of which are in the low and affordable segments. These developments have an aggregate value of about P6.4 billion. The property f irm is expected to raise an initial P5-6 bi l l ion from loca l sources in the second quarter
In a s tatement , t he property firm of Senator Manuel B. Villar said its net income reached P1.34 billion in the first three months of the year, 29% higher than the P1.04 billion in the same period last year. Revenues jumped 21% to P4.86 billion from P4.02 billion over the same period. C a m e l l a a n d Communities Philippines, which sells Camella Homes in the provinces, accounted for 72% of total revenues. Crown Asia contributed 13%, Brittany for 10% and Vista Residences, 5%. For the full-year, Vista Land’s net profit is seen to
breach the P5-billion mark, a growth of at least 14% from P4.38 billion a year ago. “We’re confident about this year because we’re just building the projects we sold last year. That ref lects the strength of the real estate market, talagang malakas,” said Ricardo B. Tan Jr, Vista Land chief financial officer. “2013 promises to be another record year for Vista Land. We are pleased to be have been able to sustain the growth achieved last year and should have no problem for our full-year targets,” Tan said. Reservation sales rose 16% to P11.77 billion from
Property, banking boost Ayala’s profitAYA L A Cor p (AC) on Wednesday said earnings grew by nearly a third driven by its banking and property units. In a disclosure to the Philippine Stock Exchange, the Ayala group said its net income grew 29 percent to P4.5 billion in the first three
months of the year. Core net income, which excludes the impact of Globe Telecom’s accelerated depreciation, grew at a faster pace of 49 percent to P5.2 billion. Bank of the Philippine Islands (BPI) and Ayala Land Inc (ALI) accounted for 88
percent of equity earnings during the quarter. BPI posted record earnings in the January to March period combined with Ayala’s higher equity stake, whi le ALI recorded robust performance for the same period. “We are pleased to see the
BusinessDailyC R E D I B L E R E L I A B L E I N - D E P T H
Globe launches inbound calling offer for Koreans in the Philippines
Korean Ambassador Lee Hyuk (center), with Rizza Maniego-Eala, Globe Telecom’s Group Head for International Business and UKCA’s President Lee Jang Il, along with Korean Embassy representatives Consul General Min Kyong-ho (third from right) and Counselor Chin Hyun-yong (second from right) and other representatives from Globe and UKCA.
Seated in the center are Rizza Maniego-Eala, Globe Telecom’s Group Head for International Business and Yong Chul Kwon, INY’s Chief Executive Officer, with managers from both companies.
Known for innovative and ground-breaking products and services, Globe Telecom recently launched Globe DUO Korea, an international inbound calling offer for Koreans in the Philippines.
clients with wholesale and retail international calling services. “We are excited to partner with Globe, the most preferred telecom service provider of the Korean community in the Philippines, in offering Globe DUO Korea,” said John C. Kwon, CEO of INY. “Our experience in selling international calling services together with Globe’s reliable service will be a powerful combination to ensure that customers’ calling needs are exceeded.” In addition, Globe also partnered with Onfil l, a Philippine country portal site in Korea, operated by Saehoon Air Travel Co., Ltd., the official General Sales Agent in South Korea of one of the Philippines’ biggest airlines. Onfill has the largest sales channel—over 4,000 travel agents nationwide—and provides 27 f lights per week to the country with thousands of Korean tourists.
Globe DUO Korea is a service that allows a Globe or TM subscriber to purchase a Korea-based telephone number. Their friends and family back home can call their Korea-based telephone number and calls will be received in their Globe or TM phones. Calls can now made between two Korea-based numbers, just like making a local call in Korea, resulting to significant savings. Subscription to the service comes in two variants: The seven-day subscription for only P399 or US$10 is best for short-term visitors, tourists or businessmen, while the 30-day subscription for only P999 or US$25 will fully satisfy the communication needs of students, migrants
and Koreans with established businesses in the Philippines. “Now, seamless and low-cost connectivity with Korea simply needs a Globe or TM SIM and a Globe DUO Korea subscription,” explains Rizza Maniego-Eala, Group Head for Globe International Business. “The best part is that subscribers no longer need to schedule receiving calls when they are home and have access to their internet-based landline services since calls are received through the mobile phone anytime, anywhere,” she added. This service is made p o s s i b l e t h r o u g h t h e partnership of Globe with INY Communications, a total telecommunications business which provides
“Our access to numerous travel agencies in South Korea as well as thousands of Korean tourists wi l l ensure that travellers to the Philippines are well-informed of Globe DUO Korea even before they leave the country,” said Starsky
Park, Planning Department Director of Saehoon. Moreover, in a recent contract signing ceremony held at the Korean Embassy in Bonifacio Global City, Globe partnered with the United Korean Community Association in the Philippines
(U KCA), t he u mbrel la organization of all Korean associations in the country, to further its goal of reaching out to one of the biggest foreign communities in the Philippines. “Globe, being a major
G E N E R A L S A N T O S CITY – The proclamation of winning candidates in nearby Sarangani Province ha s rema i ned pend i ng after the transmission of election results from three municipalities were stalled on Tuesday due to problems with the compact f lash (CF) memory cards of the precinct count optical scan or PCOS machines assigned for the area. Department of Education superintendent Isagani dela Cruz, Sarangani provincial board of canvassers (PBOC) secretary, said they were forced to declare a recess late Tuesday afternoon due to the delayed transmission of election results from the towns of Alabel, Malapatan and Glan. He said two CF cards reportedly malfunctioned in Glan, two in Barangay Alegria in Alabel and another in Barangay Lun Padidu of
Malapatan. The PBOC is scheduled to resume its canvassing at 8 a.m. Wednesday, he said. Among t he w inning c a n d i d a t e s w h o a r e awaiting proclamation are reelectionist Sarangani Rep. Emmanuel Pacquiao and gubernatorial candidate, incumbent Vice Gov. Steve Chiongbian-Solon, who both ran unopposed under the People’s Champ Movement-United Nationalist Alliance (PCM-UNA) coalition. Based on partia l and official results released by the Comelec as of 5 a.m. Wednesday, Pacquiao already garnered 135,670 votes while Solon received 120,983 votes. In the vice gubernatorial race, Pacquiao’s wife Jinkee of PCM-UNA is off to a landslide win over rivals Eleanor Saguguit of the Libera l Par t y (LP) and independent bet Jose Lorde
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Reading the DNA of fetuses is the next frontier of the genome revolut ion. Do you really want to know the genetic destiny of your unborn child. Sequencing the DNA in the blood of a pregnant woman could reveal the full genetic code of a To detect Down syndrome, which causes cognit ive
and physical impairments, geneticists have typically looked through a microscope to count the number of chromosomes in fetal cells captured in a procedure called amniocentesis. An extra copy of chromosome 21 means the fetus is affected, and about 65 percent of U.S. women confronted with that diagnosis choose an abortion.
To g e t t h e s a m e information from a few milliliters of blood, scientists use a trick first suggested by Lo. They randomly sequence millions of those circulating DNA fragments, often only 50 to 500 DNA letters long. Then, using a computer program, they line up the sequences against a map of human chromosomes. After
Technology Breakthrough: Smart Watcheswirelessly to an iPhone or Android phone and displays notifications, messages, and other simple data of the user’s choosing on its small black-and-white LCD screen. In April 2012, using the online fund-raising platform Kickstarter, Migicovsky asked for $100,000 to help bring Pebble to market. Five weeks later, he had more than $10 million—making his the highest-grossing Kickstarter campaign yet. Suddenly smart watches are a real product category: Sony entered the market last year, Samsung is about to, and Apple seems likely to follow. Although the $150 Pebble watch can be used to control a music playl ist or run simple apps like RunKeeper,
The designers of the Pebble watch realized that a mobile phone is more useful if you don’t have to take it out of your pocket. Why it matters? Even as computing gets more sophisticated, people want simple and easy-to-use interfaces. Watches that pull selected data from mobile phones so their wearers can absorb information with a mere glance with major key players Pebble, Sony, Motorola, and MetaWatch.
The leap forward Eric Migicovsky didn’t rea l ly want a “wearable c o m p u t e r .” W h e n h e f irst conceived of what would become the Pebble smar t watch f ive years a go, a s a n i ndu st r ia l-design student at Del f t University of Technology in the Nether¬lands, he just wanted a way to use his smartphone without crashing his bicycle. “I
thought of creating a watch that could grab information from my phone,” the 26-year-old Canadian says. “I ended up building a prototype in my dorm room.” Now M ig ic ov s k y i s shipping 85,000 Pebble watches to eager customers who don’t want to lug a glass slab out of their pocket just to check their e-mail or the weather forecast. Pebble uses Bluetooth to connect
a c l ou d- b a s e d f i t n e s s tracker, Migicovsky and his team purposely designed the watch to do as litt le as possible, leaving more complicated apps for phones. This emphasis on making the watch “glanceable” informed nearly every aspect of the design. The black-and-white screen, for example, can be read in direct sunlight and displays content persistently without needing to “sleep” to conserve battery power, as color or touch-screen displays do. These watches are coming to market a few months before Google Glass, which is another attempt to solve the problem Pebble addresses—namely, that “interacting with our phones has a certain overhead that doesn’t need
to be there,” says Mark Rolston, chief creative officer of Frog Design. But Google Glass wil l try to replace the smartphone altogether by combining a computer and monitor into eyeglass frames so that wearers can “augment” their view of the world with data. That
lines up with predictions about the advent of wearable computing, but it’s easy to see Pebble’s idea being much more popular. By making use of a watch—a classic accessory—Pebble is trying to fit in to long-standing social norms rather than create new ones.
Prenatal DNA Sequencingthat, it’s a counting exercise: if more bits than expected match up with chromosome 21, that’s evidence of an extra copy somewhere, and the fetus probably has Down syndrome. The method is clever because it doesn’t matter that the mother’s DNA and that of the fetus are mixed together and
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Honest loveThink a minute…There’s a story about a man and woman
who had been married for over 60 years. They had shared and talked about almost everything. But the wife had kept a special box in her closet. She had asked her husband never to open it or even ask her about it. Then one day, the old woman got very sick and the doctor said she would never recover. Her husband began to sort through all of his wife’s belongings. When he found the box, he brought it to his wife’s bedside. She agreed that it was finally time he knew what was in the box. Her husband opened it and found 2 little handkerchiefs and a stack of money totaling $25,000! His wife explained: “When we were married, my grandmother told me that the secret of a happy marriage was to never disagree or argue. She told me that if I ever got angry with you I should just keep quiet and sew a handkerchief.” The old man was so touched and moved he had to hold back the tears. Only 2 handkerchiefs were in the box.
He almost burst with joy and pride that in over 60 years she had only been angry with him 2 times! “Dear,” he sa id, “that explains the handkerchiefs, but what about all of this money? Where did it come from?” She answered: “Oh, that’s the money I made from selling all the other handkerchiefs.” Well, that’s definitely an interesting way to keep peace in your marriage, and make $25,000 at the same time! But that husband probably wondered what he had done to make his wife angry so many times! He’d always thought they had a close marriage. But it wasn’t based on the truth. Obviously, they had not been completely honest with each other. Instead of sharing their real feelings, they had built a wall between them—a wall of handkerchiefs. Think a Minute...
By Jhan Tiafau HurstA Minute
tHinK
By Ignacio BunyeOut
SPeAKinG
ALLAN MEDIANTEManaging editor
regionaL editorCRIS PANGANIbAN
And trAceSHintS
By Fr. Roy Cimagala
THE jeers and sneers of the election fanfare have
subsided as both losers and winner candidates retreated to their own comfort. It was an exhilarating experience albeit the thrill and madness that showcased the characters and personalities of the country’s electoral candidates. In Cagayan de Oro City, the personalities and the platform of the governments of the candidates in the hotly contested mayoral post became the focus of attention since the start of the election season last year. The Moreno-Emano clashed was likened to a boxing tournament where supporters and leaders engaged in a bell-to-bell fight. The congressional fracas in the city’s second district was equally boisterous although the Rodriguez-Nacaya congressional duel was a “no contest match.” In the first district, Rolando Uy, made an assertive comeback when he crushed the incumbent representative Benjo Benaldo in a 20,000 vote lead. Candidates for the city council in the first district won half of the seat but in the second district, the administration party only gets two seats. With the reelection of Ian Acenas as Vice Mayor, the incumbent opposition of “Dongkoy” Emano remains in control of the City Council at 10-6 ratio. Not to be outdone were electoral events in the province of Misamis Oriental. With an unopposed candidate, the congressional match in the province first district was lacklustre. The case in the second district was different. Pending proclamation, the first woman representative in Misamis Oriental would have a seat reserved at the opening of the 16th Congress in July this year. Juliet Uy made history as the first woman to win a
It is time for the cityand provinceto move on
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DBP helps The employers shall also be contracted to provide on-the-job training, subsequent employment, and automatic p ay ro l l d e duc t ion s for borrowers to repay their loans. On the other hand, the proposed Act Establishing a Student Assistance Program by Banks and Government Financial Institutions would enable an eligible student to obtain a low-cost bank loan to pay for his or her tuition fees. The student may also use the money to finance all other academic and living expenses. The loan would have an effective interest rate pegged to the 91-day Treasury Bill rate, which stood at 0.040 percent per annum as of Apr. 24. The bank may apply an add-on 3.0 to 5.0 percent annual interest rate. But instead of the student paying for the extra interest charges, the lender may claim the corresponding amount as tax credits. The bank may then use the credits to pay or offset its tax obligations. The borrower would pay off the loan periodically, starting two years after graduation, but not later than eight years after leaving college. Borrowers would be issued either Social Security System (SSS) or Government Service Insurance System (GSIS) numbers, depending on their preferred future employment. The bank may then enlist the SSS or GSIS to collect repayments via salary deduction or withholding. The lender may likewise ask the Philippine Overseas Employment Administration to help collect from borrowers with job contracts abroad.
This is certainly great news for poor-but-deserving students. While most of our local banks have been giving
scholarships to our academically inclined youth, the recent move of the state-run Development Bank of the Philippines (DBP) should be given extra credit. The DBP has pioneered a P2-billion special loan program for high school graduates who wish to obtain a college education. According to House Deputy Majority Leader Roman Romulo, this would certainly help poor students to finally acquire bachelor degrees. Romulo is the author of the proposed Act Establishing a Student Assistance Program by Banks and Government Financial Institutions, which the House has already approved on third and final reading. At present, Romulo said, three out of every 10 high school graduates are unable to proceed to college, largely owing to its rising cost. “For the same reason, many of those who do manage to enter college fail to complete the typical four-year course,” Romulo added. The R2-billion DBP Higher Education Loan Program for Students (DBP HELPS) is a wholesale credit facility using qualified colleges as conduits for student loans. DBP’s initiative came on the heels of college freshman Kristel Tejada’s suicide. Tejada, a student of the University of the Philippines, took her own life shortly after she was to go on a “forced leave of absence” for being unable to pay her tuition fees. Qualified schools that have tie-ups with companies or employers are now eligible to borrow under DBP HELPS. The schools and their partner-employers shall prequalify and select the students eligible to borrow money for tuition, board and lodging, books, uniforms, transportation, and other expenses.
We need to love We need to work out this love to its fullness and its pur-est state. We cannot be cavalier in our attitude toward it. It’s a serious duty, in fact, the primary duty. All other duties and responsibilities f low and derive their ultimate meaning from this. Remember that beautiful and stirring warning of St. Paul? “If I speak with the tongues of men, and of angels, and have not charity, I am become a sounding brass, or a tinkling cymbal. “And if I should have prophecy and should know all mysteries, and all knowledge, and if I should have all faith, so that I could remove mountains, and have not charity, I am nothing. “And if I should distribute all my goods to feed the poor, and if I should deliver my body to be burned, and have not charity, it profits me nothing.” (1 Cor 13,1-3) In short, we can appear very successful in many aspects and departments of our life—and they can be no mean feats—but if not inspired by love, the true love that is de-
YES, we need to fall in love. We would be harming ourselves if we don’t. We are made for it, wired and
empowered for it. Love is the purpose of our life, its end-all, its law and our true and ultimate perfection. That’s because God created us so. As image and like-ness of his, we cannot but ref lect the love that constitutes the very essence of God. “Deus caritas est,” St. John says. That’s God’s design for us to which we have to corre-spond freely. Love has to be repaid with love. Thus, when Christ was asked what the greatest commandment was, he immediately responded that it was to love God with all our might, and that the second greatest was to love our neighbor, that is, everyone, as oneself. Later on, Christ would perfect and summarize these commandments into a new commandment: to love one another as he has loved us. Christ is the standard, the law, the power of our love, and not anybody or anything else—a beautiful girl, and much less, power, fame, wealth. To Christian believers, we should not look for anything else. That’s why there is always some embers of this essence in us, no matter how inadequately recognized, incompletely developed, thwarted or misdirected. We always tend to love, to at least pay attention to others, to need them and do something for them. We cannot be by ourselves all the time.
BusinessDailyC R E D I B L E R E L I A B L E I N - D E P T H
MOA Signing between Cagayan de Oro College – PHINMA EVP-COO, Engr. Raymundo P. Reyes and STEAG State Power Inc. Plant Manager, Dr. Carsten Evers. Looking on (L-R) are COC OJT Program Coordinator Ms. Jocelyn Mamawag, COC College of Engineering Dean Engr. Jocel Dimacutac, SPI HR Officer Dr. Wilma Magdale and SPI Ms. Ghaye Alegrio
ensuring that its products are prepared and are indeed globally competent. After all, in Cagayan de Oro College - PHINMA, we make our students’ success within reach. Cagayan de Oro College became part of PHINMA Education Network on June 29, 2005, thus started the dawning of the new Cagayan de Oro College. At present, C O C - P H I N M A o f f e r s preschool, elementary, high school, college and graduate programs. College courses are nursing, criminology, business administration, and accounting, education, hotel and restaurant management, t o u r i s m , i n f o r m a t i o n technology and engineering and architecture. For more information about COC-PHINMA, visit us at our Carmen Campus at Max Suniel St., Carmen, Cagayan de Oro City or at our Puerto Campus as Purok 6, Puerto Cagayan de Oro City. Call us up at (088) 858-5867 or (088) 880-3317. You may also visit our website at www.coc.phinma.edu.ph.
Cagayan de Oro City, Misamis Oriental - Last March 5, 2013, it was Cagayan de Oro College - PHINMA’s turn to sign the coveted STEAG State Power, Inc. OJT Program for Summer 2013. This OJT Program has been a yearly activity of the leading power plant that deals in advanced coal power generation technology.
In his speech during the MOA Signing, Dr. Carsten Evers, SPI Plant Manager, says that aside from being a curriculum requirement of Engineering students, the OJT Program of STEAG State Power, Inc is also being given to answer the need to practice all the theoretical lessons learned in the classroom pertaining to the running of power plants. This program also serves as a training ground for students in the industry and for future employment. And by doing so, STEAG becomes a role model for other companies in being responsible citizens. STEAG State Power, Inc. was established as a special-purpose company created to own, finance, construct, operate and maintain the first coal-fired power plant
in island of Mindanao. SPI is majority owned by Steag GmbH which is Germany’s 5t h l a rge s t e lec t r ic i t y producer and a pioneer of highly efficient generation technology using hard coal. With solid technical know-how and expertise plus a workforce complement of about 200 dedicated and c o mp e t e nt p e r s on n e l , SPI fulfils its mandate of providing solutions to the energy needs of the country and lives up to its vision of being a reliable partner to the nation’s quest for progress. With the MOA Signing, Cagayan de Oro College - PHINMA once aga in cements its quest in placing its students and future g raduates in per t inent industries. This is one of COC’s ways of equipping and
Cimagala...from page 6
Diaz...from page 6
and what role it plays in our life. And toward this end, we have to make continuing effort to clarify it in public and in private and personal conversations, going through the endless implications, theoretical and practical, that it possesses. For one, we should prod everyone of us to love others aggres-sively, that is, to think well of them, showing affection and understanding, doing acts of service, even without being asked. We should not wait for others to prove they deserve our love. We just have to love them, even before they deserve it.
congressional seat in Misamis Oriental’s male-dominated political landscape. This corner labelled Uy as the “dark horse” in the early days of the congressional race. With seasoned and tested legislators as major political opponents, Juliet Uy, the only woman candidate who dares the lion’s den, pulled unexpected support from the district’s about 390,000 voters. Ju l iet v indicated the frustration of her husband Julio Uy, who twice lost his congressional bid in the province’s second district. Julio, however, was elected town Mayor of Villanueva to keep the coastal town as the couple’s political bailiwick in the province central district. Any way, t his corner congratulates the winners of the midterm elections. Notwithstanding, the elec torate expects t hat winning candidate would pursue t heir mandated responsibi l it ies as du ly elected public officials.
derived from God, all these “successes” are actually fail-ures. In fact, this love should not be equated with mere philanthropy and human altruism, no matter how heroic these gestures may appear. The love that comes from God goes beyond all these and is and should be their principle and end. We need to be clear about this truth, because many are now the elements that tend to confuse us about it, if not directly undermine it. It’s painful to see many people, especially the young, who seem trapped and locked up in the false, or at least, very reduced, illusory, albeit sweet, understanding of love. That is why we need to pray a lot, focus our atten-tion on the life of Christ, his words and deeds, and especially his passion, death and resurrection, because these are where we can get the real ingredients of the love meant for us. This is the real love that can tackle everything, good or bad, big or small, that we can meet in life. Again, let’s have St. Paul’s beautiful description: “Charity is patient, is kind. Charity envies not, deals not perversely, is not puffed up, is not ambitious, seeks not her own, is not provoked to anger, thinks no evil. It rejoices not in iniquity, but rejoices with the truth. It bears all things, believes all things, hopes all things, endures all things.” (1 Cor 13, 4-7) We should not beat around the bush as to what love is
It is expected that the newly elected public officials would work to unite wounded political feelings and would pursue a peaceful relationship to all regardless of political colours to allow the city of Cagayan de Oro and the province of Misamis Oriental to move on. React cr [email protected]
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p a r t ne r, g i ve s u s t he assurance that our plans for the local Korean community are supported by one of the Phi l ippines’ largest companies,” said Jang Il Lee, UKCA President. “Their effort to reach out to our community is well-received and appreciated,” added Lee. Korean Ambassador to the Philippines Lee Hyuk, in his congratulatory message during the contract signing ceremony between UKCA and Globe, said “the patronage of Koreans in the Philippines in Globe signifies our trust in the excellent standards of your network. In addition, I am optimistic that more Koreans will patronize Globe, given its people-oriented service. This partnership will also play a crucial role in deepening the cultural understanding between our two peoples.” “Globe DUO Korea is a testament to our continued e f f o r t s t o i n t r o d u c e innovat ive products in the market to provide our subscribers with superior service,” Maniego-Eala said. For more info on Globe DUO Korea, visit www.globe.com.ph/duokorea.
Villamor.
Jinkee received 125,889 votes while Saguguit and Villamor, who separately conc e de d on Tue s d ay, only got 25,977 and 4,801, respectively. PCM-UNA’s provincial board slate swept all but one of the 10 contested seats in the province’s first and second districts as well as the mayoral race in all seven municipalities. In the first district, PCM-UNA’s Elmer de Peralta, Alexander Bryan Reganit and Cornel io Mar t inez took the first three of the four provincial board seats while George Falgui of the Liberal Party stood firm on the fourth spot. The party’s second district bets Eugene Alzate, Hermie Galzote, Virgilio Tobias, A r ma ndo Gu i l i , Hadji Pangolima and Cesar Nallos Jr. took all six provincial board seats. In the mayora l race, PCM-UNA’s Raul Martinez defeated LP’s Rommel Falgui in K ia mba tow n whi le reelectionist Alabel Mayor Corazon Grafilo, who ran unopposed, is await ing proclamation. In Glan, reelectionist Mayor Victor James Yap (PCM-U NA) is leading over brother, former mayor Enrique Yap Jr., (LP). Their sister Vivien (PCM-UNA) is off to her second term as vice mayor. Former mayors Aniceto Lopez Jr. (PCM-UNA) of Maasim and Alfonso Singcoy Sr. (PCM-UNA) of Malapatan completed their comeback bids while outgoing Maitum Mayor Elsie Perrett’s husband Mac (PCM-UNA) is taking over the town’s mayoral post. In Malungon, reelectionist Mayor Reynaldo Constantino
(PCM-UNA) won another term but his runningmate, Jessie dela Cruz, lost to independent candidate Erwin Asgapo.
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Camella...from page 3
Profit...from page 3
chains as well as venture into construction and hardware material retailing. “I f you look at t he structure, Puregold is food. We do not have non-food business. This is what we want to develop,” said Dayao. Cosco, formerly Alcorn Gold Resources Inc, plans to spend P12 billion to expand its rea l estate portfolio, bankroll its entry into non-food retailing, refinance debt and fund working capital for its liquor distribution business.
sustained strong performance of our key business units. The positive macroeconomic condit ions cont inue to present opportunities for fur ther investment and expansion in each of our businesses. We continue to take advantage of these and have set group-wide capital expenditure of P136 billion this year to pursue our growth objectives,” said Fernando Zobel de Ayala, AC president and chief operating officer.
to f inance 2013 capita l expenditures, which will hit over P18.6 billion. “We’re also looking at the debt market overseas. It’s not off the table. Given the low interest rates, it would not be a bad idea to look at markets overseas to refinance more
expensive debt and maybe keep some cash,” Tan said.
Plant...from page 2for the construction of the power facility. The Ayala group plans to have a 1,000-megawatt portfolio across the country and has set aside $600-700 million for power projects through 2016. It has spent nearly $300 million in those projects over the past two years. Apart from the Iloilo project, ACEHI has interests in two coal power plants, na mely GNPower Ltd ’s 600-megawatt Mariveles project and Trans-Asia Oil and Energy Development Corp’s 270-megawatt Calaca project. The Ayala group also has a stake in NorthWind Power Development Corp’s 33-megawatt Bangui wind farm, as well as in mini-hydro projects that Sta Clara Power Corp is developing. B e s i d e s i t s r e c e n t i nve s t ment s i n p ower generation and transport i n f r a s t r u c t u r e , t h e P h i l i p p i n e s ’ o l d e s t c o n g l o m e r a t e h a s businesses in real estate de ve lopment , ba n k i ng a nd f ina ncia l ser v ices , telecommunications, water distribution, automotive dea lerships, electronics manufacturing services, business process outsourcing, among others. A Brown, which is also a real estate developer in Mindanao, is embarking on a program to increase its exposure in the fields o f p ow e r g e n e r a t i o n , infrastructure and mining and oil and gas exploration sectors.
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BusinessDailyC R E D I B L E R E L I A B L E I N - D E P T H
Contact nos. : 0917-7121424 • 0947-8935776Editor : Bong D. Fabe
Geothermal power projectgets UN ‘green’ approval
unit is expected to reduce greenhouse-gas emissions between 71,000 and 76,000 tons of carbon diox ide equivalent per year, thus contributing to the global efforts of mitigating man-induced global warming and climate change. REMB is an agency under the Department of Energy (DOE). “The DOE commends our service contractor MGI in reaching yet another mi lestone with the UN approval of Maibarara’s CDM registration. Just as important, MGI’s application for the facility’s Certificate of Compliance filed with t he Energ y Reg u lator y Commission [ERC] in April is a critical step towards eventual commercial operation this
MAIBARARA Geothermal Inc.’s (MGI) 20-megawatt (MW) geothermal power project in Batangas has obtained a Clean Development Mechanism (CDM) approval from the United Nations Framework Convention on Climate Change (UNFCCC).
MGI is 65-percent owned by PetroGreen Energy Corp., a 100-percent subsidiary of publicly listed PetroEnergy Resources Corp., whi le Trans-Asia Oil & Energy Development Corp. and PNOC-Renewables Corp. each own 25 percent of the company. T he power pla nt i s expected to be ready for init ia l tests by the f irst week of July and for full commissioning tests by September. Commercia l
operation is expected to start by late 2013. “We a re plea sed to obtain UN approval for the CDM registration of our Maibarara geothermal-power project as carbon credits will supplement MGI’s revenue from electricity sales,” said MGI President F.G. Delfin Jr. R e n e w a b l e E n e r g y M a n a g e m e nt ( R E M B) Bureau Director Mario C. Marasigan said the operation of the project’s first 20-MW
year. Given that Maibarara is a government-contracted power project, DOE-REMB will coordinate with ERC and other agencies to ensure that government permits are released in a timely fashion so that Maibarara can supply much needed additional power to the Luzon grid this year,” said Marasigan. G e ot he r m a l e ne r g y system, a renewable energy form, use in most situations the underground steam fields as a source of heat to produce energy – or electricity. The 20-MW power project in Batangay was started after Maibarara got a 2.4 billion-peso or roughly $57 million loan last September from Bank of the Philippine Islands
UNFCC-APPROVED. The UNFCC has approved the 20 MW geothermal power project of the Maibarara Geothermal Inc. (MGI), which is shown here drilling for a new geothermal well in Batangas.
GREEN TOILET. LIXIL House Corporation, the world’s leading manufacturer of building materials and housing equipment as well as related services designed to reduce the ecological footprint without compromising performance, contribute positively to the wellbeing of both people and the environment, reduce water usage and energy consumption, and encourage people to make more sustainable choices and to build sustainability.
‘Green’ buildings fast catching up in PHLTHE concept of g reen buildings is fast catching up in the Philippines as the country valiantly tries to avert major disasters brought about by unsustainable and climate change-inducing practices that exacerbate natural phenomenon such as typhoons of which the country has plenty. Be it at the residence, an office, or even a factory, saving energy everywhere will help future generations by ma k ing t he present sustainable. To make this happen, the Japanese company LIXIL House Corporation launched in Manila some of its “green” products under the brand names “American Standards” and “Tostem.” The launch included s av i n g t o i l e t l i ne up s , functional interior ceramic t i le and a luminum sash windows and doors. If saving toilets reduce water consumption by 40 percent , ceramic tiles called ECOCARAT help control humidity.
Aluminum sash windows have air proof, water, heat, and sound proof functions. “We launched products which are in harmony with nature, environment, such as toilets with flushing water consumption of 3 to 4.5 liter, which is over 40 percent water saving as compared to conventional products
in the market,” said Sasumu Yamaguchi, CEO, LIXIL ASEAN. LIXIL House has also recently collaborated with the Institute of Industrial Science of Tokyo University in the construction of a “smart house” on their Komaba Campus in Tokyo, Japan.
‘Nobody wins an election from saving the world’SINGAPORE—Myopic governments that operate in short time-frames create obstacles for solving the climate change crisis facing the world today, said Singapore’s minister for the environment and water resources Vivian Balakrishnan. “Nobody wins an election from saving the world,” he said during Monday’s opening session of the Creating Climate Wealth Summit, the first to be held in Asia. But if rules are not clearly or consistently applied for the long-term by governments, businesses would not dare to make the investments needed, he said. Governments must be also be transparent. They have to provide the information that people have the right to know. This enables people to make informed, sustainable choices, he said. Speaking to a 250-strong audience at Marina Bay Sands, he outlined a vision for Singapore as a city that is climate ready, resilient and ready for green growth. Even if the whole of Singapore was covered with solar panels, it will only generate 10 to 12 percent of the country’s needs. It also does not have wind, thermal or tidal energy, so its main focus is on energy efficiency, and exploring low carbon technologies. Singapore’s commitment to sustainability is because “we have no choice”, he said. “If we have lots of natural resources, (and we’re) not a low lying island…we wouldn’t have to do all this. When we say we need to be climate resilient, or global city, it’s real”. The key to economic survival is to create a living environment which is “compellingly attractive, somewhere that attracts talent and ideas…somewhere you want your kids to be,” he said. “This is not a tripe marketing campaign, but the vision is one that’s carefully thought through.” The Creating Climate Wealth summit is held by Carbon War Room (CWR), a non-profit founded by chairman of the Virgin Group, Sir Richard Branson. CWR President Jose Maria Figueres, who also spoke at the opening, said the organisation came to Singapore because of the opportunity to engage businesses in the region. “We’re always impressed with what Singapore has been able to achieve with their global vision, and the way they bring about change in such a practical dimension,” he said. He noted that the world needs to “reinvent the way we live” as humanity is beginning to feel the limits of the planetary system with respect to its resources in the face of population growth. In spite of the global financial crisis that rocked the world in 2008, ““I see an intention to take us forward into the past… we are going back to where we’re coming from”, he said. The world needs a future that is completely different, one that embraces transformation. “We need to accelerate market-driven solutions that reduce carbon emissions at the gigatonne scale,” said Mr Figueres, who was the president of Costa Rica. “Although we have individual responsibility to reduce carbon footprint, scale is important,” he said.
DTI allocatesP27M for SSFProjs in R9
ZAMBOANGA CITY—The Department of Trade and Industry (DTI) has allocated P27.12 million for its support service facilities (SSF) project for implementation this year in Region 9 or Zamboanga region.SSF is a f lagship project of t he D T I a i me d at improving the quality and productivity of micro, small and medium enterprises (MSMEs) by addressing the gaps or bottlenecks in the value chain of priority industry clusters through the provision of processing or manufacturing equipment, tools and machinery.Targeted for implementation this year are 19 SSF projects, according to DTI-9 Director Nazrullah Manzur.Manzur said that 11 of the 19 SSF projects are in Zamboanga City, five in Zamboanga del Sur, and one each in Zamboanga del Norte, Zamboanga Sibugay and Isabela City.He added that the number of approved projects “may yet increase towards the end of the year,” citing the additional project proposals coming in from the field offices.Among the approved SSF projects so far this year are the coco-coir processing equipment and bamboo processing faci l it ies in Dumalinao and Ramon Magsaysay in Zamboanga del Sur, respectively, and abaca processing equipment, coco-based processing facilities, s e a w e e d p o s t- h a r v e s t facilities, mat, slippers, and bag making equipment, and bangus processing facilities for various industry clusters in Zamboanga City.Manzur said they expect a bigger budget allocation for DTI’s SSF project to be implemented next year in the region. (MindaNews)
UN warns, global concentrationof carbon dioxide at all-time highUNITED NATIONS—The global concentration of heat-trapping carbon dioxide in the atmosphere is at its highest ever, the UN Framework Convention on Climate Change (UNFCCC) said.According to UN Spokesman Martin Nesirky, UNFCCC
r e p o r t e d t h a t “ t h e concentration has passed the 400 parts per million mark.”He added that UNFCCC E x e c u t i v e S e c r e t a r y Christiana Figueres called for a great ly stepped-up response to climate change by all parts of society and
warned that “we have entered a new danger zone.”The UN statement came as governments wi l l be meeting on June 3- 14 in Bonn, Germany for the next round of climate change talks.“A central focus of the talks will be the negotiations to build a new global climate agreement and to push for greater immediate climate action,” Nesirky said.“The world must wake up and take note of what this means for human security, human welfare and economic
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“The world must wake up and take note of what this means for human security, human welfare and economic development.”
BusinessDailyC R E D I B L E R E L I A B L E I N - D E P T H
Today’s HOROSCOPEAQUARIUS (January 20 – February 18) - Week ahead: An epiphany is likely after the last piece of information crosses your desk. Personal: You can’t force a situation to work; be patient and it will happen when the time is right. Professional: Don’t overanalyze or be too critical of yourself. Uplift your spirit with positive self-talk. Possibilities can arise from talking to family. Angel note: Your domestic space can use your attention.
PISCES (February 19 – March 20) - Week ahead: Pay close attention to media and the different ways it may affect your life. Personal: If you have found the right partner your heart will let you know. Professional: In order to make your career aspirations a reality you must believe you are destined for great things. Your future looks bright. Angel note: Don’t miss an opportunity to self-promote.
ARIES (March 21- April 19) - Week ahead: Rid yourself of any system or person who has become outdated and no longer serves the intended purpose. Personal: You will find a suitable partner once you are happy with yourself. Professional: Compromise shouldn’t mean abandoning your values; aim for give and take. Make well thought out purchasing decisions and you will not have to deal with buyer’s remorse.
TAURUS (April 20 – May 20) - Week ahead: Astral energy in your sign inspires you to chase your dreams and listen to your heart. Personal: Love goddess Venus occupies your sign and spurs a love connection. Professional: Put your own needs first and worry about everyone else later. Continue to make moves that will improve your chances of stability in the future.
LIbRA (September 23 – October 22) - Week ahead: Keep your ears open for word on an official matter. Personal: Share your time between work and home and you will enjoy what you work so hard to maintain. Professional: If you are generous with your time it can provide you a healthy return of favors. You can benefit fiscally from someone else’s decision.
SCORPIO (October 23 – November 21) -Week ahead: Rework your goals and implement a new plan to reach them. Personal: The love duo, Venus and Mars occupy your seventh House of love and relationships making this an opportune time to connect with a special someone. Professional: Make quick decisions when unexpected opportunities land at your feet. Make fiscal decisions with your future in mind.
SAGITTARIUS (November 22 – December 21) - Week ahead: Set new fitness goals and rework your routine to achieve them. Personal: If your instincts support it and your logic agrees, take your partnership to the next level. Professional: Think about more effective ways to manage your time to increase your productivity. Your fiscal situation may need your attention.
CAPRICORN (December 22 – January 19) - Week ahead: A fun event can turn the spotlight directly on you. Personal: Love sparks are kindled and a relationship can grow out of a flirtatious exchange. Professional: Work steadily now and review options as they arise. Keep your budget intact and avoid impulse buys.
GEMINI (May 21 – June 21) - Week ahead: Be aware of what your intuition is trying to tell you. Personal: Before you make changes to your current situation clarify what you truly want. Professional: Spend time with your thoughts and let your mind do what it does best. To add funds to your account add skills to your repertoire.
CANCER (June 22 – July 22) - Week ahead: The contacts you make over this period can elevate your professional status. Personal: Build your confidence and esteem and love will find you. Professional: If your plan fails take it back to the drawing board and try a different approach. Giving up is not an option. Wait until you have all the key details to analyze a situation.
LEO (July 23 – August 22) - Week ahead: Professional concerns occupy the majority of your time. Personal: Choosing the right partner is no small task; check in with your heart and do what feels right. Professional: You have a laundry list of influential contacts; make use of them and the astral energy that abounds right now. VIRGO (August 23 – September 22) - Week ahead: Business may take you around the globe, at the very least electronically. Personal: You should always be honest, but should find a way to avoid being brutally honest. Professional: No matter how small a task is it is still necessary to complete the end goal. Set more realistic monetary goals.
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CROSSWORD puzzleACROSS
1.sanctify (5)7.Marlene, german actress (8)8.Ben, scottish mountain (5)10.England’s rugby union ground (10)12.vanessa, Actress (8)14.Madcap (4)16.Concoction (4)17.skilled performer (8)20.sorcery (10)23.Night, Bee gees hit (5)24.star of dirty harry (8)25.greatness (5)
DOWN
1.golfing hazard (6)2.set of cards (4)3.light metal (4)4.scatter (5)5.stubborn (3-6)6.ragtime dance (6)9.under oath (5)11.publicise (9)13.irritate (3)15.Explode (2,3)
16.Man’s hat (6)18.prickly (6)19.Exhibited (5)21.Chess piece (4)22.small waterfowl (4)
PCOS TESTS. BEI chair Edgar Lacre and his fellow teachers test a PCOS machine at the Consolacion Elementary School in Cagayan de Oro Thursday 9, May 2013. The Comelec said no major glitches was found during the tests for 360 PCOS machines in the city. mindanews photo by froilan gallardo
GPBC sees Mindanao joint venturewith Meralco sealed later this yearGLOBAL Business Power Corp (GBPC) expects to firm up a joint venture with Manila Electric Co (Meralco) in Mindanao later this year.
disclose the exact location, adding that there is heavy competition for greenfield power projects in Mindanao. He however identified three criteria for choosing the location, namely proximity to the load center, transmission constra ints , and publ ic acceptability. “We don’t want to be in an area where we are not
On the sidelines of GT Capital’s annual stockholders m e e t i n g , G BP C c h i e f f inancia l of f icer Ja ime Azurin on Tuesday said its coal-fed power plant project in Mindanao “may be very close to 50-50” joint venture
with Meralco. T h e p r o p o s e d 300-megawatt plant would cost between P20-30 billion, or $2.5 million per megawatt, a nd is projec ted to be operational by 2016. Azurin said he cannot
wanted,” he said, citing the experience of Meralco in Subic, where a power project faced public opposition. A c c e p t a b i l i t y a l s o means competitiveness of pricing, Azurin said, citing Visayas, where customers were unwilling to pay for the cost of power. “The rates had been subsidized by geothermal so we had a hard time selling. But people realized that when the [power] crisis happened, with the brownouts, they realized that there is no other way but to contract rates that are reasonable,” Azurin said. He said future projects in Mindanao would depend on the region’s growth. “What we’re doing right now is just addressing the gaps. There’s no growth yet. What we experienced in Visayas, the growth in the area doubled because of suppressed demand,” Azurin said. As for the Luzon market, GBPC is eyeing a venture sometime 2018 or 2019, when the next power shortage may strike, Azurin said. “We have to come in at the right time,” he said. Profit dipped in the first
Aquino signs K-12enhanced basic education lawPR ESIDENT Benigno Aquino III has signed into law Republic Act 10533 or the Enhanced Basic Education Act of 2013 that implements the K to 12 Program. The K to 12 Program covers kindergarten and 12 years of basic education - six years of primary education, four years of junior high school, and two years of senior high school. Longer by two years than the previous program, K to 12 aims to provide sufficient time for mastery of concepts and skills, develop lifelong learners and prepare graduates for tertiary education, m i d d l e - l e v e l s k i l l s development, employment, and entrepreneurship. “This law will empower the next generation of Filipinos,” Aquino said d u r i n g t h e s i g n i n g ceremony at the Palace on Wednesday. Under the new law, 12 mother tongue languages have been identified as medium of instruction until Grade 3 - Bahasa Sug, Bikol, Cebuano, Chabacano, Hiligaynon, I loko, Kapampangan,
Maguindanaoan, Meranao, Pangasinense, Tagalog, and Waray. From Grades 4 to 6, English and Filipino will be introduced as languages of instruction. The enhanced basic education curriculum will allow graduates to have middle-level skills t hat w i l l of fer t hem better opportunities to be gainfully employed or become entrepreneurs. T h e D e p a r t m e n t o f E d u c a t i o n h a s already entered into an agreement with business organizations, local and foreig n cha mbers of commerce, and industries to ensure that graduates of K to 12 will be considered for employment. The K to 12 Program wi l l eventua l ly a f fect the college curriculum. According to DepEd, the college General Education Cu rr icu lu m is bei ng revised. It will have fewer units - a year’s worth of general education subjects and at least two years of major subjects - as the K to 12 Program already adheres to the College Readiness Standards.
GpBC/PAGE 11
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Islands and Rizal Commercial Banking Corporation.The loan according to the company will fund the project’s steam field pipeline, power plant and transmission equipment.(BM)
C a l l e d C O M M A (o r COMfort MAnagement) House, the “smart house” uses energy-efficient appliances, besides air and light to maximise comfort. LIXIL’s “smart house” was patterned after the “ecological h o u s e ” F u j i t s u b u i l t i n Kitakyushu City to promote su s t a i nable home energ y systems. Fujitsu, Japan’s leading ICT manufacturer, said the “ecological house” helps in reduc i ng c a rbon d iox ide emissions. It has installed a screen t hat helps i n monitor i ng electricity generation from wind, fire, water, biomass and solar generation to balance its demand and supply. It can also calculate and avoid a shortage of electricity. (From ANI)
development,” Nesirky quoting Figueres said.“In the face of clear and present da nger, we need a pol ic y response which truly rises to the challenge,” she said, urging a “greatly stepped-up response across all three central pillars of action: action by the international community, by government at all levels, and by business and finance.”The statement fol lows the announcement that g loba l c o n c e nt r a t i o n s o f h e a t-trapped carbon dioxide in the atmosphere last week passed the 400 parts per million mark, which impacts efforts to limit global warming to 2 degrees Celsius (3.6 degrees Fahrenheit) from pre-industrial levels.The new measurement came from the Mauna Loa observatory in Hawaii, which later revised the reading to 399.89, according a report by the Los Angles
The scaling up of solutions was a central theme of the two-day conference that featured four working tracks in the areas of energy efficiency, waste, smart city systems, and shipping. The event, which featured an appearance by Sir Richard Branson, was held in partnership with Global Initiatives, the N a t i o n a l Un i v e r s i t y o f Singapore, Marina Bay Sands and Eco-Business. It convened entrepreneurs and innovators to identify opportunities for investment into low carbon technologies that can dramat ica l ly cut carbon. (EcoBusiness)
Eyes...from page 2if an audit is still needed for the Philippines to regain Category 1 status. CAAP officials had said they were optimistic that the EU ban will be lifted and that FAA Category 1 will be regained by yearend. Cebu Pacific’s international passenger traffic increased by 10.98% to 2.73 million last year from 2.46 million in 2011, according to latest available data from the regulator. Net income of Cebu Air, Inc. -- Cebu Pacific’s operator -- slid by 1.38% to P3.57 billion last year from P3.62 billion in 2011 as higher expenses ate into an increase in revenues. Shares of Cebu Air lost P1.20 or 1.45% to close at P81.30 apiece on Friday last week from their P82.50 finish on Thursday.
DNA...from page 5
are, in fact, partly identical. The same approach can find extra copies, or trisomies, of chromosomes 18 and 13, as well as missing or duplicate X chromosomes—all causes of birth defects in infants. Last July, the scientif ic founder of Verinata, Stanford University biophysicist Stephen Quake, showed how in addition to detecting extra chromosomes, sequencing the DNA in the blood of a pregnant woman could reveal the full genetic code of a fetus, letter for letter. Shendure’s lab did something similar, as have two teams in China. Reconstruct ing the six billion chemical letters of a fetal genome from those DNA fragments isn’t easy. It requires lots of extra sequencing to see past the mother’s genes. Shendure says the bill came to $50,000, and Quake’s lab cut its experiment short after running up similar expenses. Yet the work showed that a genome readout might act as a kind of universal test not only for extra chromosomes but for common congenital diseases, too. Those are condit ions, l ike cyst ic fibrosis or beta-thalassemia, that are caused when a person inherits two defective versions of a particular gene, one from each parent. There are about 3,000 such diseases whose precise genetic cause is known. Some 200 other maladies, i nc lud i ng some c a se s of autism, are caused by known duplications or deletions of larger swaths of DNA. A genome test would show all of them.
GPCB...from page 8quarter, but Azurin said it “caught up” with last year’s numbers during April and May when the summer heat pushed customers to crank up their power demand. Given that, GPBC may grow its net income by 30 percent, same pace as last year’s, he said. In the next f ive years , the company’s net income contribution to GT Capital is expected to increase from the current 15 percent to 20 percent, he added.
Emano...from page 1
Exports...from page 1
Poverty...from page 1
Psalm...from page 1
Or ient a l when Pre s ident Corazon Aquino took power in 1986. Emano ran and won as Misamis Oriental governor for three succeeding terms. In 1998, he ran for mayor in Cagayan de Oro and won. He was reelected for two more consecutive terms. Because he could no longer run as mayor, he ran for vice mayor in 2007 and won again. He once more run for city mayor in 2010 and defeated K l a r e x U y i n a h i g h l y controversial win. Emano is always known for his political astuteness in Cagayan de Oro and Misamis Oriental.
greening trade is not only an opportunity, it is an imperative. If we are to reverse the global decline of biodiversity, mitigate the release of greenhouse gases, halt the degradation of lands, and protect our oceans, then international trade must become sustainable and responsible. Further, if we are to succeed in eradicating poverty, we will need to ensure that trade benefits the poor,” said Achim Steiner, UN under-secretary general and UNEP executive director. Trade is a vital element of the global economy. According to the report , the sum of world exports of goods and commercial services amounted to US$22.3 trillion at the end of 2010, growing at an average five percent rate per year between 2000 and 2011. “In addition, merchandise and commercial services exports provide an increasingly important share of world gross domestic product (GDP), rising from 14 percent in 1970 to 29.3 percent in 2011. In developing countries, this share reached peaks of 45 percent before the financial and economic crisis of 2008.” However, as international trade creates economic growth, it also “put additional stress on natura l resources and increased greenhouse gas (GHG) emissions.” “Increased demands by emerging economies for natural resources, coupled with the already unsustainable levels of resou rce consu mpt ion and use registered in more developed countries, led to an unprecedented surge in resource consumption and trade in the period 1995-2010. In addition, a trade-driven expansion in the scale of production and t ranspor t has resu lted in significant increases in GHG emissions. Emissions from international maritime and aviation transport, for example, have increased by 88 per cent over a period of 25 years,” it said. This “unsustainable global trade” was one of the highlight discussions during the Rio+20 conference in June 2012, where world leaders reaffirmed that “international trade [is] an engine for development and sustained economic growth.” I n t h a t c o n f e r e n c e , participants also identif ied “g re en” e conomy a s “a n important tool for achieving sustainable development.” “The meeting of global environmental leaders at Rio+20 has initiated a shift of focus, f rom the potentia l r isk of trade protectionism associated with green economy policies, towards improving the trade performance of developing countries as an addit ional effect of, and motivation for, the implementation of green economy policies. As a result, a green economy is increasingly seen as a gateway to new opportunities for trade, growth and sustainable development,” the report said.
Psalm has set a P685.5 million budget for the procurement of the fuel. “The continuous operation of these barges will help augment the grid power requirements especially during peak hours,” said Psalm president and chief executive officer Emmanuel R. Ledesma, Jr. Psalm will hold the pre-bid conference for the procurement projects on May 22, starting at 10:30 a.m., at its main office in Makati City. Deadline for the submission of bids is 10 a.m. of June 5, to be followed by the opening and evaluation of the offers at 10:30 a.m. Psa lm’s board recent ly approved a third bidding round for the power barges in the second half of this year. The barges will be sold on an “as is, where is” basis, with PBs 101-103 being sold as one package and PB 104 as a separate package. Commissioned in 1981, PBs 101 and 102 are moored at Barrio Obrero, Iloilo City, while PBs 103 and 104, which were commissioned in 1985, are stationed at Botongon, Estancia, Iloilo, and at the Holcim Compound, Ilang, Davao City, respectively. Operated by state-owned Napocor, PBs 101, 102, 103 and 104 are nominal 32-megawatt barge-mounted bunker-fired diesel generating power stations that consist of four identical Hitachi-Sulzer diesel generator units rated at 8 megawatts each.
Wednesday morning, May 15. Agriculture Undersecretary Dante Delima, Amalia Jayag-Datukan, regional director of the Department of Agriculture 12, Dr. Rafael Mercado, Regional Technical Director of DA 11 and the officers and members of the Don Bosco MPC attended the sending off ceremony. Jayag-Datukan cited the effort of the farmers, irrigators and the DA for the realization of the national rice program which gears towards rice sufficiency and export of premium rice. She sa id t he premium rice exportation is a way for government to balance its rice importation which falls under its commitment to the World Trade Organization. Jayag-Datukan said the colored rice is expensive even if it is sold and available in the local market because it is healthy and nutritious. She expected more rice exports in the coming days from South Cotabato via Makar Wharf in General Santos City. “It is great to see that we are now exporting a Filipino food,” Jayag-Datukan said. R o m e o M o n t e n e g r o ,
hall. Moreno garnered a total of 109,886 votes compared to the 92,033 votes Emano got from the two districts here. Comelec city director Palmer Palmene deferred the results of four precincts, whose compact f lash cards for their PCOS machines were found defective, after it was determined that the remaining votes will not affect the outcome in the mayoralty race. Also proclaimed winners are incumbent Rep. Rufus Rodriguez, who won his third term against Councilor Ian Mark Nacaya in the second district; and Klarex Uy, who defeated incumbent Rep. Benjo Benaldo in the first district. Interviewed by ABS-CBN TV Patrol Northern Mindanao, Emano said he will respect the “will of the people” but was unclear if he will concede defeat. His lawyer, Francis Ko, also would not say if Emano will concede defeat when he was interviewed at the proclamation of winners at City Hall Tuesday night. Charlito “Kaloy” Manlupig, who heads the Cagayan de Oro-based non-government organization Balay Mindanaw, said the “personalized style of leadership” of Emano was his undoing. “He did not convene the City Development Council, the City Disaster Risk Reduction Management Council and other agencies, preferring to manage any issues that cropped up by himself,” Manlupig said. “Had Emano convened the City Disaster Risk Reduction Management Council, he would not have been entirely blamed for mishandling the response and relief efforts during Typhoon Sendong,” Manlupig added. Emano was largely blamed for the lackluster relief response efforts during Typhoon Sendong and the disposal of dead bodies to the city’s garbage dump site. Local analyst Robert dela Serna said Emano’s mishandling of Typhoon Sendong became the “centerpoint” of other community issues that beset Cagayan de Oro. “Everything – from rising criminality, i l legal mining, t r a f f ic m a na gement a nd al legations of corruption – became ‘hot issues.’ Sendong awakened many residents that something was wrong in the city and they found the culprit in Emano,” Dela Serna said. Maria Theresa Rivera, a Development Communications teacher at Xavier University, said residents, especially the middle class, were the first to view these issues as “serious” that threatened the development of Cagayan de Oro. “The middle class aired their concerns and disappointments in the social networks like Facebook and Twitter. These views eventually cascaded to the other much poorer sectors of the city who shared the same predicament,” she said. R ivera sa id it was not unusual to see at the rallies “sosyaleras” hobnobbing with market vendors and drivers. “It was like people’s power that handed Emano his first defeat in 30 years,” Rivera said. E m a n o s t a r t e d h i s p ol i t ic a l c a re er a s tow n mayor of Tagoloan, Misamis Oriental during Martial Law. Disappointed with the way t he state-run PHIVEDEC demolished houses of residents in Tagoloan, Emano joined the political opposition against the late President Ferdinand Marcos. He was later appointed as officer-in-charge of Misamis
UNEP, which is committed to assisting governments and other stakeholders in identifying and creating sustainable trade opportunities, and transforming r isks and cha l lenges into new pathways to sustainable development a nd pover t y eradication, seeks to identify policies and measures to help developing countries overcome chal lenges and respond to export demand for sustainable goods and services under its Green Economy and Trade Opportunities Project (GE-TOP). According to Steiner, the report aims to (1) identify a range of international trade opportunities in various key economic sectors associated with the transition to a green economy; (2) identify policies and measures that may act as facilitators and overcome hindrances to seizing trade opportunities arising from the transition to a green economy; and (3) assist governments, t h e p r i v a t e s e c t o r a n d other stakeholders to build capacity to take advantage of sustainable trade opportunities at the national, regional or international level. In order to do this, the report identifies a number of solutions to facilitate sustainable trade opportunities in six key sectors including agriculture, fisheries, f o r e s t s , m a nu f a c t u r i n g , renewable energy and tourism. S o l u t i o n s i d e n t i f i e d include national regulatory frameworks to attain sustainable development. It also called for international frameworks to have a rules-based multilateral trading system, as wel l as advocated for dialogue and capacity-building to overcome challenges in a proactive manner to interconnect producers in developing countries to regional and global markets. “Trade, when accompanied by appropriate regulation, can facilitate the transition to a green economy by fostering the exchange of environmentally friendly goods and services (including environmentally sound technologies) and by increasing resource efficiency a nd generat ing economic opportunities and employment,” the report said. T h e U N E P r e p o r t a c k n o w l e d g e d t h a t a “meaningful transition to a greener economy strengthened by international trade wil l require extensive technical and financial support.”
communications of f icer of the Mindanao Development Authority assured the support of their agency to the rice export program. He said Mindanao has been an exporter of agricultural products f rom pineapple , banana, coconut, rubber, and seaweeds. Monteneg ro c ited t he need to improve further the infrastructure in Mindanao to fast-track its export potential which is current ly one of the policy advocacies of the MINDA. He revealed the MINDA is working towards the direction for Mindanao products to have halal certification to ensure easy access and acceptability to Muslim countries like Malaysia and the Middle East. “We are finally emerging out of the shell by exporting products from Mindanao,” Montenegro said. Undersecretary Delima said there is enough rice and food in the country. He said there is only a gap on the distribution of food to other parts of the country which have less of the commodity. Delima observed there are plenty of rice surplus in many parts of the country where rice is turned to feeds for livestock and poultry.“We just have to bring this product to where it is needed most,” he said. He sa id Fi l ipi nos a re also choosy of the food for consumption. Delima said food shortage is also dependent on the food Filipinos want to eat. “ T here ’s no hu nger i f Filipinos are not choosy on what food to eat and will only consume the food on the table,” he said. The activity was preceded by the ceremonial sending off led by Agriculture Secretary Proceso Alcala at the Manila Harbor Center on May 6, 2013 of the 35 metric tons of aromatic and organic black rice to Dubai. The black rice weighing 15 metric tons was also produced by the farmers of M’lang, North Cotabato.
Times.According to media reports, the last time the carbon dioxide level in the atmosphere was at such high level was during an epoch called the Pliocene when the daily temperature was much warmer, when the ice caps are smaller and the sea level rise as much as 80 feet.(PNA/Xinhua)
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NURTURE - the wholesome development of a person, provide quality and relevant basic education for the improvement of life.INTEGRITY - training students to live a Christian life worthy of emulation.SERVICE - the willingness to share and serve the depressed disadvantage, and underserved (DDU) brethren in the community.
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