corporate

DOST Misamis Occidental brings Enhanced Packaging to Awezamiz Complementary Food

April 16, 2019

Words of gratitude and glee filled the City Mayor’s Office of Ozamiz City as the Supervising Administrative Officer of the Local Government Unit, Ms. Maria Lucy R. Cabalit together with the Ozamiz City Complementary Food Production Facility (CFPF) Head, Ms. Lelita G. Navarez received the 60,000 pieces of Rice Mongo Sesame (RMS) Baby Food Blend packaging material last 08 April 2019. In 2016, LGU Ozamiz City was one of the beneficiaries of the DOST-Food Nutrition Research Institute (FNRI) project on the roll-out of complementary food production facility to address malnutrition of young children ages 6 to 59 months old. Ozamiz City CFPF is capable of producing RMS baby food blend for 6 to 24 months old toddlers and Rice Mongo (RM) Crunchies for 25 to 59 months old children. To continually improve and hasten production of these complementary food products, DOST Region 10 through the Provincial Science and Technology Center of Misamis Occidental headed by Ms. Eufresnie Ann D. Simbajon extended additional support to the facility amounting to more than P300,000.00. Mechanical bean roaster and electric double deep fryer were turned over last 11 February 2019. To compete with the existing commercial brands of baby food products in the market, DOST also provided assistance on the packaging and labelling design and initial execution of the RMS baby food blend. “Naa na gyud maka compete sa commercial brand (RMS baby food blend can now compete with the commercial brands)” Ms. Cabalit said. To support waste management, Ms. Navarez eagerly said that discounts will be given to the next purchase of the customers who will return the used packaging materials. These will then be utilized to produce eco bags, wallets and other novelty materials. The Local Government Unit of Ozamiz City was grateful to DOST’s assistance. “DOST are the people behind the scene”, Ms. Cabalit added with sincere gratitude. (Joanne Katherine R. Banaag, DOST-X) About the picture (IMG_0956-2.jpg) Turnover of 60,000 pieces RMS Baby Food Blend packaging to LGU Ozamiz City with Ms. Maria Lucy Cabalit representing the City Mayor, Ms. Lelitha G. Navarez head of the Ozamiz City Complementary Food Production Facility, and PSTD Eufresnie Ann D. Simbajon and the PSTC staffs The Department of Science and Technology – Region X (DOST-X) envisions to be an effective and competent catalyst of inclusive development by providing world class and innovative Science & Technology services in Region X.

READ MORE
DAR to begin parcelization of collective CLOAs

April 15, 2019

The Department of Agrarian Reform (DAR) recently issued guidelines and procedures on the parcelization of landholdings with Collective Certificates of Land Ownership Award (CCLOA) through Administrative Order No. 02, Series of 2019 to stabilize ownership, tenureship and control of the lands awarded to agrarian reform beneficiaries (ARB). Secretary John R. Castriciones said pursuant to Section 25 of the Republic Act (R.A.) No. 5567, as amended by Section 10 of R.A. No. 9700, the DAR is mandated to immediately undertake the parcelization of CCLOAs over lands that are not collectively farmed or operated in an integrated manner. Castriciones added that in the past decades, many landholdings were awarded to ARBs under a collective and non-subdivided form of ownership wherein qualified beneficiaries may opt for collective ownership, through farmers’ cooperatives, associations or some other form of organizations for the issuance of CCLOAs. “There are reports from the field implementers and civil society organization regarding disputes or controversies among ARBs with existing CCLOAs due to boundary conflicts, inclusions and exclusions of ARBs, and other conflicts resulting to the splitting of groups into sub-groups and co-owners opting for individual ownership,” the DAR chief said. He added that there are landholdings covered with CCLOAs, which have been acquired and distributed under financing from the Land Bank of the Philippines, where the government has not been able to collect land amortization, while the ARBs have not been able to fully pay the lands  for them to become full owners, due to the difficulty in generating the Land Distribution and Information Schedule. Castriciones said that through parcelization, the DAR will subdivide and determine the exact meters and bounds of the areas, allocate lots for each ARB in a CCLOA, determine common use areas and portions with common service facilities, and establish areas capable of being alienated and disposed of by the government. CCLOAs refer to existing and registered certificates of land ownership award issued by the DAR to farmers’ cooperatives, associations, other organized groups, or group of ARBs who are not yet formally organized.

READ MORE
Senate urged: Penalize gencos involved in unplanned outages

April 14, 2019

An infrastructure-oriented think tank has called on the Senate energy committee led by Senator Sherwin Gatchalian to push for penalties against all power generating companies involved in the recent unplanned and forced outages which caused unexpected rotating brownouts within the Luzon power grid.    “The public demands an explanation how in the world was it possible that major generating plants suddenly become unavailable in such a short window of time. More importantly, the public should not be made to pay for these unplanned shutdowns. It should be these gencos that should pay the costs of higher power rates in the spot market,” said  Terry L. Ridon, Infrawatch PH convenor and former member fo the House energy committee.   Ridon said the following unplanned outages of the following power plants caused the April 13 red alert:    a. San Miguel Consolidated Power Corp. (SCPC) Unit 2, with 150-MW b. Sual Unit I of Team Energy and San Miguel, with 647-MW c. Southwest Luzon Power Generation Corp. (SLPGC) Unit 2 of DMCI, with 150-MW d. Pagbilao Unit 3 of Team Energy and Aboitiz Power, with 420-MW e. South Luzon Thermal Energy Corp. (SLTEC) Unit 1 of AC Energy with 135-MW..   Explain shutdown, bear the costs   “We note that these generating plants are operated by country’s leading conglomerates, and thus, all the more should they be made to explain why their plants went out, and whether they are making a commitment to bear the costs of higher power prices from the spot market.”   Ridon said should the gencos refuse to make a voluntary commitment, government should initiate penalty proceedings, similar to its intervention in the water sector.   “The main concern of the public during these times is more on the higher costs due to the unplanned shutdowns. We can more ably bear rotating brownouts than higher power rates for reasons we have absolutely nothing to do with.” Infrawatch recently lauded the  Department of Energy 's crackdown on gencos profiting from price spikes in the electricity spot market during the string of yellow alerts over the Luzon grid. “This move by the energy department is a welcome development to ensure that the public interest is protected during times of limited power supply," said  Ridon. The energy department recently said that it will release a list of gencos which may have gained financially from the Wholesale Electricity Spot Market (WESM). Proactive action welcomed “The crackdown on profiteering gencos is consistent to the resolve of President Rodrigo Duterte to make life comfortable for Filipinos.” Ridon said unexpected price hikes due to unplanned outages should not be borne by consumers but by erring gencos. “The public should not be made to pay for the inefficiencies and failures of generating companies. They should pay the higher costs in the spot market themselves.” No repeat of 2013 spot market spikes Ridon said the energy department should not stop at simply naming profiteering gencos, but also make them accountable through penalty proceedings, similar to what is now being undertaken in the water sector. “The public will not be contented at simply knowing which gencos had profited. They would also want to know whether government can stop these gencos from passing on their profits to the public.” Ridon said the bitter experience during the 2013 price spikes in the spot market should serve as a warning that government should not surrender its mandate in protecting the public. “Profiteering gencos should be penalized, and rebates reflected in our monthly bills.”

READ MORE
IDC Promoting Green Initiative

April 12, 2019

Promoting a sustainable future and a green environment, Italpinas Development Corporation (IDC) partnered with the Operations Wing Eastern Mindanao, Philippine Air Force to undertake mangrove tree planting activity in Punta Bonbon, Cagayan de Oro city. "It is fulfilling to see more and more mangroves trees planted in this area.  IDC was here in 2017 and initially planted a few hundred trees. We continued to do Mangrove planting activities here in 2018. And now, the mangrove area size almost doubled! If people continue to plant mangroves along the coastline of Cagayan de Oro, then there is good hope for a better and greener future" said Clara Marie Asuncion Elizaga, IDC Director of Corporate Affairs. The activity took place last April 6, together with Cagayan De Oro City Local Environment and Natural Resources Office (CLENRO), and Damiani Property Management and Services, Inc., the official leasing and property management of IDC’s Primavera projects in the city. "Partaking in a tree planting activity promotes green activism in making others aware of how important environmental protection is, especially nowadays. The activity is an overwhelming experience as it is not only participated by government agencies alone but also private sectors” added Mark Justine, Accounting Officer of Operations Wing Eastern Mindanao. Mark participated in the activity as part of the Philippine Air Force team. IDC has been partnering with Environment and Natural Resources Office (CLENRO) since it developed its first project, Primavera Residences in the city of Golden Friendship.  Approximately 3,000 mangroves were planted by the company since 2017. Italpinas Development Corporation has been a leading green advocator of sustainable living in Cagayan de Oro. Both projects of IDC, Primavera Residences and Primavera City, won the International Property Awards for Best Mixed-use Development in the Philippines due to its use of passive green design.

READ MORE
BDO, one of Asia’s Icons on Corporate Governance

April 5, 2019

Corporate Governance Asia awarded BDO with the Asia’s Icon on Corporate Governance for the 14th time. The icon award recognizes the best of the best in corporate governance (CG) in Asia for setting the benchmark of what CG should be.      The country’s largest bank also took home the Asia’s Outstanding Company on Corporate Governance Award for its consistently high CG standing, while BDO Chairperson Teresita Sy-Coson and President & CEO Nestor V. Tan were co-awarded with the Asian Corporate Director Recognition Award for their exemplary leadership.      “Corporate governance is now deeply embedded in Asia, which in many ways, serves as an attractive proposition for investors to park their capital in this region,” said Corporate Governance Asia Founder and Publisher Aldrin Monsod. “Corporations here have adopted and continue to adapt to the best international practices that have made Asia an important investment destination for global fund managers.”      For Tan, CG is valuable in maintaining a healthy, financially-sound, and well-managed bank. “It is a key driver towards our sustainable growth and long-term value creation,” he said.      BDO’s CG practice is recognized as one of the best in the Philippines. With a high score on the ASEAN CG Scorecard, the bank is one of the Top 50 ASEAN Publicly-Listed Companies in Corporate Governance.      Having an award-winning CG practice bodes favorably among foreign investors. BDO has received an over subscription in its capital market offerings, one of the clear indications that it is a good credit risk as an issuer.      “We are always looking out for our clients. To serve them in the best possible way, we constantly evolve our CG practices to support the requirements of the changing business landscape, comply with new regulations, and align with international best practices,” added Tan.      Corporate Governance Asia publishes news and analysis on CG issues, boardroom practices, and shareholder activism. Now on its 14th year, its Best of Asia Awards celebrates the success of companies that adhere to the highest CG standards. Awardees have integrated effective Environmental, Social, and Governance (ESG) practices across their business. They are also awarded for the quality of their management, their business model, growth prospects, financial performance, and relative position in their industries. “Part of getting recognized entails the responsibiliy to maintain our performance and if possible, exceed it. We welcome this challenge in keeping with our We Find Ways service philosophy, knowing that our clients stand to benefit further from our improvements,” concluded Sy-Coson.

READ MORE
Plant-inspired buildings to rise on Victoria Plaza

April 4, 2019

DAVAO City––A mix of “iconic” medium- and high-rise buildings inspired by some exotic and endemic plants of Mindanao will rise within the 9.6-hectare property of the Victoria Plaza mall complex, an official of a Hong Kong-based design company said. Walter V. Melicor, chief financial officer of the Elements Habitare, told reporters in an interview during the formal takeover ceremony Wednesday held inside Victoria Plaza’s Cinema 5, which currently houses the Harvest House City Church, that the development would have five phases. The Lim family, which operates the homegrown New City Commercial Corporation (NCCC), took over the mall management on Wednesday after announcing its acquisition on March 12, at an undisclosed amount. Melicor said the first two phases would have a five-star hotel, a condominium and serviced apartments; a twin-tower in phase 3; NCCC headquarters in phase 4; and a four-story mall in phase 5. The designs of the most iconic components of the 9.6-ha development, such as the twin-tower, NCCC corporate building and mall took inspiration from the exotic plants of Mindanao, he said. He added the design of the twin tower would be inspired by the pitcher plant, a carnivorous plant found in Mt. Hamiguitan in Davao Oriental province and other forests of Mindanao, the corporate building by the exotic mangosteen fruit, and the mall by the petals of the waling-waling plant endemic to the island. Melicor’s team designed some of the world’s iconic buildings, among them Marina Bay Sands of Singapore, Galaxy Macau, a casino resort in Macau, and Okada Manila, a luxury hotel casino in the Philippines. Melicor said the Lim family would decide if it wants to retain the old structure of the mall, but added the current conceptual design might require a total demolition of the old structure to give way to a new one. He said the current structure might not support the proposed expansion of the mall. “We are moving forward to the future. The sentimentality will always be there, in the place but not in the building. I think the building — we have to enhance and make it iconic building at par with the world,” he said. But NCCC president Sharlene A. Lim assured the old mall building would be retained but it would have a facelift. She said the company plans to proceed with a phase-by-phase development of the old Victoria Plaza Mall as it did for its NCCC Mall in Maa before a massive fire destroyed it on December 23, 2017. The fire incident killed the mall’s key custodian and 37 call center agents of Survey Sampling International. Lim added the company plans to develop the dilapidated cinemas into a family entertainment center, where the restaurants located at the periphery of the mall’s parking space will be relocated. The mall tenants, including ukay-ukay vedors, would be provided a space, she said. She said NCCC Department Store and Supermarket would eventually take over the department store and supermarket of the Victoria Plaza. She said the Victoria Plaza has over 300 tenants at present. Inaugurated on March 16, 1993,  the Davao Sunrise Investment & Development Corporation of the Limso family previously managed the Victoria Plaza, a premier mall of the Dabawenyos in the 1990’s. On the start of the development, Lim added her family plans to “get this running sooner.” She said NCCC welcomes players to invest in the mixed-use development. “A lot of people are interested in coming in and sort of doing this vision to life. Starting today, we can start talking to people about it openly kasi nga before medyo hush-hush kami,” she said. (Antonio L. Colina IV/MindaNews)  

READ MORE

Subscribe Now!

Receive email updates from Mindanao Daily News.