BusinessWeek Mindanao (November 25-26, 2022)

Business awards

ILIGAN City – The city government awarded more than 30 outstanding businesses during the first Iligan Business Awards Night held at the Mindanao State UniversityIligan Institute of Technology gym on Nov. 15.

“The event aims to celebrate the accomplishments and contributions of Iliganon entrepreneurs, businessmen, and industries for making the city better,” said City Administrator Darwin Manubag, chairperson of the Business Awards. “Your contribution to our economy is worth celebrating,” Manubag added.

“This event is a dream come true not only for me as a mayor but also for all of us Iliganons,” said Mayor Frederick Siao.

New MSU-IIT campus

KAUSWAGAN, Lanao del Norte

– The municipal government donated a 100-hectare land to the Mindanao State UniversityIligan Institute of Technology (MSU-IIT) for a university campus in Barangay Libertad and Tingintingin here.

A Memorandum of Agreement has been signed between LGU Kauswagan, represented by Mayor Rommel Arnado, and MSU-IIT officials led by Chancellor Prof. Alizedney M. Ditucalan at the Seaside Spectrum Hotel here to formalize the donation.

The 100-hectare land is part of the 138 hectares purchased by the local government for P350 million

Oro villagers to get free potable water

By Mike Baños

Residents of Barangay Indahag and nearby upland communities like Upper Camaman-an and Upper Gusa can avail of free potable drinking water for the next five days.

“As a sign of gratitude to everyone who made this project a success, JE Hydro and Bio Energy Corporation (JEHBEC) will sponsor a 5-day Libreng Tubig Festival to anyone who wants to avail of it from 7:00AM tomorrow,

November 24 until Monday, November 28” said Joel A. Baldelovar, JEHBEC Director for Business Development in his welcome remarks during the November 23rd blessing and inauguration of Cagayan de Oro’s first ever mountainbased water treatment plant at Sto. Niño, Barangay Indahag.

“JE Hydro provides clean and safe drinking water. Aside from Barangay Indahag, the new facility will also

DOLE distributes P8.5-M

TUPAD wages in MisOr

US backs Mindanao geothermal project

By MYRNA M. VELASCO Contributor

THE United States government, through its US Trade and Development Agency (USTDA), has extended financial assistance for the conduct of a feasibility study (FS) on the 50-megawatt

Amacan geothermal prospect being pursued by Lopezled Energy Development Corporation (EDC) in Mindanao.

The grant was formally

THE Department of Labor and Employment (DOLE) released P8.5 million worth of wages to over 2,200 recipients of the Tulong Panghanapbuhay sa Ating Disadvantaged/Displaced (TUPAD) program in Misamis Oriental this month, an official said Wednesday. DOLEMisamis Oriental chief

Jose Errol Natividad said the latest distribution took place in Tagoloan town with P1.7-million paid to 434 beneficiaries. He said the Tagoloan beneficiaries received P3,900 each for 10 days’ work on community services such as sweeping public roads, clearing of debris, disinfection and agroforestry projects from

Sept. 1 to 14, excluding weekends. Natividad said the payment of wages is coursed through a money remittance provider to the beneficiaries who were disadvantaged and displaced workers. Earlier this November, DOLE dispensed TUPAD wages worth P2.3 million for 588 beneficiaries

Mayor Klarex Uy leads the ribbon cutting for the Indahag Water Treatment plant on Nov. 23. Also in photo are Kag. Imee Moreno, Indahag Bgy Chair Joy Dahino, Vice Mayor Bebot Rodriguez and former COWD Chairman Ruben Vegafria.

Indahag residents queue for JE Hydro's Libreng Tubig Festival.

EARLY WORK. Laborers quarrying sand and gravel at the Pugaan River in Iligan City to avoid the heat during daytime. MindaNews photo by BOBBY TIMONERA

Iligan eyes to be disaster-resilientclimate, city

ILIGAN City is eyeing to become Mindanao's next disaster and climatechange-resilient city. Mayor Frederick Siao said the local government entered a three-year partnership through a Memorandum of Understanding (MOU) with stakeholders under the "Adopt-A-City" program of the National Resilience Council (NRC). “With my deep advocacy in disaster resiliency, I firmly believe that risk reduction is a crosscutting issue that requires a long-term planning perspective, mainstreaming and integration across sectors, and a change in

mindset from response to preparation and prevention," Siao said in a statement Tuesday, The “Adopt-ACity” plan is an innovative pathway for businesses to collaborate directly with local governments, academic partners, civil society organizations and communities in transforming local climate and disaster risk landscapes. The threeyear program includes tracks in leadership, governance and science and technology to guide the city in the development and implementation of scientific and technology-based plans, policies and systems to make

their area more resilient. "Just as important is the realization that reducing risks and impacts of disasters is a shared responsibility among the many actors and other concerned stakeholders,” Siao said. One of the private stakeholders partnering with Iligan City's local government is the Aboitiz Foundation, the corporate social responsibility arm of the Aboitiz Group. Maribeth Marasigan, the Aboitiz Foundation president and chief operations officer, described the Adopt-ACity Program in Iligan as a "start of a meaningful

Davao region Covid cases dip by 37% in 1 week

DAVAO City – New cases of coronavirus disease 2019 (Covid-19) in the Davao region have decreased by 37 percent from November 14-20, the regional health office said Tuesday. This came after the agency only recorded 301 Covid-19 cases last week, compared to 478 cases on November 7-13. In the hospital admission of the new cases, the Department of Health (DOH) 11 (Davao region) noted that only 69 Covid-19 were severe

and critical, 24 were confirmed, and 45 others were probable and suspected. Health care utilization for the regional hospital also showed a capacity of 26.9 percent for non-intensive care unit (ICU) bed use, and 42.1 percent for ICU bed use. Five actual death cases were also recorded last week, the DOH-11 said. "The public is reminded to continue practicing minimum public health standards, double up protection with vaccination

and boosters, and ensure good airflow. Covid-19 vaccination efforts are continuing throughout the region,” the agency added. Meanwhile, about 7.4 million antiCovid-19 vaccines have been administered in the region as of November 21. In its latest update, the DOH-11 said about 94.6 percent or 3,593,254 individuals have received their first dose of the vaccine that included the single-shot Johnson and Johnson jabs. Also, about 87.9 percent or 3.3 million individuals have been fully vaccinated in the region, the agency said. Of the fully vaccinated, at least 17.5 percent or 665,608 individuals got their first booster shots while 3.3 percent or 125,689 individuals were administered the second booster. (PNA)

JUDICIAL SETTLEMENT

EXTRA

OF ESTATE OF THE LATE SPS. ALBERT A FEERNANDEZ and GLORIA Y. FERNANDEZ

KNOW ALL MEN BY THESE PRESENTS: That the late SPS. ALBERT A. FERNANDEZ AND GLORIA YBANEZ FERNANDEZ who respectively died on March 6, 2010 and August 10, 2022 at Cagayan de Oro City; That the said GLORIA YBANEZ FERNANDEZ , at the time of her death, is a holder of an active savings account with the PBCOM, Bank Cagayan de Oro City Branch; That at the time of her death, left a estate of Bank Account under PBCOM Bank, Cagayan de Oro City with, more particularly described as are follows, to wit; 1. PBCOM BANK CAGAYAN DE ORO CITY -BRANCH with (a.) Peso Savings Account No. 0292201004404 and, (b) Peso Savings Account No. 0292200023960, and has been the subject of an EXTRA JUDICIAL SETTLEMENT OF ESTATE OF THE LATE SPS. ALBERT A FEERNANDEZ and GLORIA Y. FERNANDEZ, filed by the heirs of SPS. ALBERT A. FERNANDEZ AND GLORIA YBANEZ FERNANDEZ, per Doc#: 143; PAGE#: 29; BOOK# XXII; Series of 2022 under the Notarial Registry of ATTY. ARBIE S. LLESIS.

SETTLEMENT

EXTRAJUDICIAL

OF ESTATE OF THE LATE ANITA G. FORTEZA

KNOW ALL MEN BY THESE PRESENTS:

That the late, ANITA G. FORTEZA, who died on December 5, 2012 in Zone 8, Patag, Cagayan de Oro City, at the time of her death left a savings account to Land Bank of the Philippines with Savings Account No. 0156-1756-84, with CASH DEPOSIT OF ANITA G. FORTEZA, CASH DEPOSIT. “A cash deposit of One Hundred Fifty Seven Thousand Two Hundred Eighteen and 100/25 (157,218.25) Pesos more or less from the LBP ATM Card No. 0150-9450-54, and has been the subject of EXTRAJUDICIAL SETTLEMENT OF ESTATE OF THE LATE ANITA G. FORTEZA, filed by the heirs of ANITA G. FORTEZA, per DOC#488; PAGE#:98; BOOK#:20; Series of 2022, under the Notarial Registry of ATTY. ISIDRO Q. LICO.

Fitch eyes BSP rate peak by H1 2023

FITCH Solutions Country Risk & Industry Research forecasts additional 75 basis points increase in the Bangko Sentral ng Pilipinas’ (BSP) key policy rates until the first half of 2023 on expectations of sustained elevated inflation rate. In a report dated Nov. 18, 2022, the unit of Fitch Group projects a 50 basis points increase in the central bank’s key rates next month and a 25 basis points hike in the first half next year. “The central bank will remain resolute in reigning in high domestic inflation, which we expect to average 5.8 percent

in 2022 before moderating slightly to 4.8 percent in 2023,” it said. Last week, the central bank’s key rates were increased by another 75 basis points, which brought the overnight reverse repurchase rate to 5 percent.

This, after monetary authorities noted that risks to inflation remain on the upside, with both the 2022 and 2023 average inflation projections adjusted higher. The BSP’s average inflation forecast for this year has been hiked from 5.4 percent to 5.8 percent and next year’s figure was

changed from 4 percent to 4.3 percent. Last October, the rate of price increases rose to 7.7 percent, over 14year high, from month-ago’s 6.9 percent. This brought the average inflation in the first 10 months this year to 5.4 percent, higher than the government’s 2-4 percent target band. Amid projections of sustained high inflation rate, Fitch Solutions considers stabilization in global monetary conditions and headwinds in economic growth as factors for a slower pace of monetary policy tightening in the coming

months. “Our forecasts are in line with consensus in 2022, but a bit higher than the 5.50 percent in 2023,” it said. The report also cited monetary authorities’ statements that the latest rate hike is aimed at cushioning the impact of external headlines on the domestic economy and exchange rate fluctuations. It said the peso has stabilized against the US dollar since October after hitting its record-low of 59.00 several times that month.

It added the local currency is now less overvalued on a EYES/PAGE 7

BPI launches another time deposit product

BANK of the Philippine Islands (BPI) has launched a new time deposit product called Green Saver that offers a fixed rate and tax-free interest earnings.

BPI Vice-President and Head for Deposit Products Ma. Carmina T. Marquez at a media briefing on Tuesday

said that Green Saver is a sustainable time deposit product with indicative interest rates ranging from 4% to 4.5% annually.

The deposit product will have a fixed term of five years and interest earnings will be tax-free. The minimum placement amount is at

P5,000, lower than the at least P50,000 required for BPI’s regular time deposit accounts.

“Investments in the BPI Green Saver Time Deposit will be allocated to finance or refinance a portfolio of green projects that need thorough and careful environmental

eligibility criteria projects involving energy efficiency, renewable energy, including climate resilience and sustainable culture,” Ms. Marquez said. “It’s really being able to save for a sustainable future to support green projects under the TIME/PAGE 7

Rising rates may slow PHL credit growth

PHILIPPINE BANKS may see slower credit growth next year due to the impact of higher interest rates, S&P Global Ratings said.

In a report dated Nov. 17, S&P Global Ratings Primary Credit Analyst Nikita Anand said credit is expected to expand by 5-7% in the Philippines in 2023, slower than the 7-9% growth this year.

“This is because of our expectation of a 300-basispoint (bp) rise in policy rates in 2022. Given loan yields will rise with a lag, the full effect of the rate increase will be felt in 2023,” she said.

The Bangko Sentral ng Pilipinas (BSP) last week raised its benchmark rate by 75 bps to 5% — the highest in nearly 14 years.

Since May, the BSP has hiked rates by 300 bps to tame inflation and prevent the peso from further depreciating against the US dollar.

Ms. Anand said high inflation and interest rates will be downside risks for the Philippine economy “because they could dampen credit demand and affect highly indebted and lower-rated borrowers.”

S&P forecasts 6.3% gross domestic product (GDP) growth for the Philippines this year, slightly below the 6.5-7.5% government target.

It sees an average

Philippine growth of 6.1% for the next three years, also below the government’s 6.58% goal.

Ms. Anand said interest rates may start to normalize in the next two years.

“We forecast policy rates could decrease by a total of 150 bps in 2023 and 2024 as inflationary pressures recede. However, if inflation persists and rates remain high, this could increase default risks for some leveraged and lowincome borrowers,” she said.

Ms. Anand said large corporations are expected to remain resilient, which would reduce the impact on the banking sector’s asset quality. She noted banks will be able to absorb a “modest” rise in nonperforming loans (NPLs) from consumers and small businesses.

The banking sector’s credit losses are also seen to continue to decline next year.

“This is because most pandemic-related weak loans have either been recognized or restructured… If interest rates rise sharply and sustainably, this could also lead to higher defaults from the consumer and small to midsize enterprise segments. Banks’ disposal of NPLs to asset-management companies could bring down the level of weak loans visible in the

Think a minute… A man named John bought a fancy new car loaded with modern technology. It included a recording of a voice that reminded him if he had forgotten to put on his seat belt, or warned him if he was running low on fuel. So on one of John’s road trips, the little voice began telling him he needed to stop and fill his tank with fuel. But John was sure he could go a little farther.

Every few minutes the voice told him again to stop for fuel. Finally, John became so irritated that he pulled over to the side of the road, found the wires to the voice recording, and yanked them out! He was finally relieved to have some peace and quiet. But shortly afterwards, his car came to a complete stop and he was stranded. Just as the little voice had warned him—he was out of gas!

Our Maker and Manufacturer gave us a factory-installed warning voice. It’s called our conscience. We might think sometimes that it is just a nag that tries to ruin our fun in life, or that it is plain wrong. But if we keep ignoring our little voice, it becomes easier and easier to block out until eventually it will stop working altogether.

Like the guy who was trying to decide the right thing to do, so he asked his friend for advice. His friend said: “You’ve got to follow your conscience. Just listen to the little man inside you.” The guy answered: “That doesn’t work for me. My little man is an idiot!”

The fact is our feelings and conscience are not always a good guide to tell us what is right

and wrong, because in one way or another we all have damaged and confused our conscience. We convince ourselves that certain wrong things are OK so we won’t feel guilty about doing them. Like the song that says: “How can this love be so wrong if it feels so right? If lovin’ you is wrong, I don’t wanna be right!” But our confused thinking and feelings cannot change the fact that these things we are doing are wrong and sinful, completely separating us from our perfectly pure, good God.

It is clear that we all have chosen to go our own way in life and gotten lost. So we need to come home to our Maker who knows the only right road in life. Today, won’t you ask Jesus to forgive you, and to become your life’s Leader and Lord from this day forward? Only He can repair and reprogram your little voice, and show you the right and best way to live. He will even give you the power you need each day to fully live it. Just think a minute…

opinion

Kim’s Dream Orlan

Ravanera

Fight for what is Right, What is True and What is Just

E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 FRI-SAT|

MAPAYAPANG REBOLUSYONG PAGBABAGO, NGAYON NA!

Sa bawat henerasyon may rebolusyon. Rebolusyong Pagbabago, ang tawag ng bagong panahon!

Poverty. Hunger. Ecological disasters. Corruption. Violence. Greed and apathy. Social injustice. Gross Inequities. Violent Extremism. Put together, these are the lethal combination that puts a country in disarray, caused by formidable social structures that can only be described as pyramidal, elitist and oppressive This horrible scenario is worsened by a political system that can only be described as exclusive and colonial, that’s why social transformation for people, planet, prosperity and peace has come of age.

Such a structural flaw has given way to the massive exploitation of our natural resources that saw the wanton decimation of our forest, agricultural and marine ecosystems.

The much-sought social change has come as a new consciousness is now looming to liberate humanity from collective insanity. From being exclusive and colonial, the paradigm shift now is towards inclusive and democratic. This has become imperative especially in resource-rich Mindanao which is suffering from so much poverty, inequity and social injustices, worsened by violent extremism.

Why must there be a Rebolusyong Pagbabago? Well, amidst the battle-cry for social change dawns upon all of us a simple reflection

particularly on what is so glaring, that is, on the state of the environment.

A century ago, threefourths of the Philippines were wooded with some 17 million hectares of natural forest. Today, only half a million hectares are left. As our dipterocarp forest goes, so goes our mega-diversity composed of billions of living organisms, many of which have become extinct even before being discovered. The few loggers have amassed tremendously from the massive plunder of our forest and whose gargantuan raking have created a strong cabal of vested interests including politicians and those who are tasked to enforce environmental laws. If indeed no one is above the law, they must now be made accountable for committing the biggest plunder of all times. One shipment alone of logs would earn a logger 360 million pesos, the Philippines having the finest timber in the world.

Our once rich vast agricultural lands have become addicted to chemicaldependent conventional agriculture that is only successful in polluting our watersheds and in further impoverishing the peasantry as big agri-business corporations have robbed the rural communities of their farming.

Our marine ecosystem fares no better as fishing communities continue to suffer from high poverty rate as the bays’ ecological integrity is fast vanishing

Often in life we come across such relationships and people, who are never happy with you. There may be times when you have given your all but you still realize that you’ll never be good enough for some people.

This feeling is really sad and hurting which makes you doubt yourself. This is when you feel the world will never be satisfied with you, and there could be days when you feel like a failure.

But life is not about perfection, it's about accepting people we love as they are. When the expectation of one person is too high it's not possible to be every good enough for them no matter what you do. Never let this feeling make you depressed and feeling low.

Among daily changes within the world of work, there’s never been a better time for employees to cultivate skills to help them better manage workplace challenges. This is where the idea of the ‘growth mindset’ comes roaring in – the belief that workers are capable of actively improving their abilities, rather than being innately able or unable to complete certain tasks.

Yet, this ‘can do’ mindset can be more difficult to harness than it seems. Doing so means getting comfortable with embracing hurdles, learning from criticism and persisting when things get difficult.

Even if we believe that such tenacity is worth developing, in practice, doubts and fears can dominate. “We're wired to believe our emotions,” says Elaine Elliott-Moskwa, psychologist and author of The Growth Mindset Workbook, based in Princeton, New Jersey, US. “When a person says ‘I feel I'm not good enough’, that feeling is very powerful, even though that is a belief about their abilities.”

At the heart of the growth mindset is learning to overcome such feelings of inability or inadequacy in the face

of obstacles, and instead recognise an opportunity to learn. And there can be profound benefits to cultivating this approach. Employees with a growth mindset can tap into useful skills to manage stress, build supportive relationships with colleagues, cope with failure and develop attributes to help further their careers.

Approaching a challenge with a growth mindset over a fixed mindset is a choice anyone can take Stanford professor and psychologist Carol Dweck narrowed this concept down to two approaches that can determine results: ‘fixed mindset’ and ‘growth mindset’. “Fixed mindset is the idea that your abilities are high or low, and there's not too much you can do to change it,” says Elliott-Moskwa, “whereas the growth mindset is the view that your abilities are malleable or changeable.”

While some people may naturally lean more one way than the other, people don’t outright have either a fixed or growth mindset to all problems, full stop – instead, approaching a challenge with a growth mindset over a fixed mindset is a choice anyone can take.

For many people, though, moments of difficulty often spur fixed mindsets. For example, says Elliott-Moskwa, when people take in criticism from a boss, or struggle with a new task, they might feel a sense of inadequacy. In these situations, a fixed-mindset response might be “I’m not good enough”, or “I can’t do it”, she says.

By contrast, a growth mindset approach takes a different tack on the same situation. People with growth mindsets don’t interpret such moments as personal failings, but instead recognise a need to improve. Crucially, people working with a growth mindset believe they are capable of such improvement, and are able to break down challenges into achievable steps.

This means getting out of the

due to the destruction of the mangroves and coral reefs. Massive siltation and pollution are giving the final death blows to the marine and fishery life. In fact, of the 13 major bays, 10 are already described as biologically dead causing hunger and malnutrition to the coastal communities.

A Study has shown that almost 70% of the ecological people (the farmers, fisherfolk, Lumads, etc.) are below the poverty line. The poverty incidence is worse in Mindanao as its six regions are suffering from high poverty gap ratios. The poor in Mindanao are the poorest throughout the nation, a glaring paradox in an island that is called the nation’s “food basket” where two-thirds of the country’s exports are coming from.

Massive poverty can also be attributed to the growthat-all-cost development strategies that have only been successful in consigning more people to live in the slum areas and in destroying our resource base. Too much materialism and consumerism have sacrificed the people and the environment to the altar of greed and profit. Social transformation through social re-structuring has now become imperative to break away from unsustainable patterns of development and to stop our accelerating drive towards ecological disasters.

This time, social transformation is in the offing but not through armed struggle but through a collectivist counter culture

called consciousness raising or conscientization that is well-founded on the timehonored and universallyaccepted principles of democratic control and people’s participation and where the people and the environment are the priorities rather than business and profit.

The Filipino people must now awaken as we have already lost our ecological integrity and with it, food security. While our country is the one serving the consumerist lifestyle of the people in advanced countries, producing, high value crops like pine-apple, banana, sugar cane, palm oil and have you, we cannot even produce enough basic staples like rice and milk for our hungry people. The Philippines is the biggest rice-importer in the world, importing 2.5 million metric tons of rice annually, even more than what China is importing which is 2 million metric tons with its population of 1.5 billion Chinese. MGA

KABABAYAN, GUMISING NA PO TAYO! HUWAG PONG MANIWALA SA PANLOLOKO NG MGA OLIGARCHS.

comfort zone and accepting a certain level of risk, uncertainty and the potential for failure that comes with trying something new. “It feels a little bit uncomfortable, and also a little bit exciting,” says Isabella Venour, a London-based mindset coach, who helps professionals understand the role their beliefs, values and patterns of thinking play in the workplace. “You've got a bit of risk that it might go wrong, but you’ve also got the potential to learn something and to grow as an individual.”

Why is the growth mindset important in the workplace right now? A can-do approach is always a plus in the workplace – it demonstrates that workers are adaptable and willing to evolve within their jobs and organisations. But fostering a growth mindset plays an important role in helping workers navigate turbulence as well as improve resilience as they feel more confident and capable of handling difficulties.

How can you improve your growth mindset? The first step towards encouraging a growth mindset is personal awareness: the ability to identify fixed-mindset thinking when it occurs, which often manifests as feelings of discomfort or inadequacy in the face of a challenge.

First, Elliott-Moskwa advises recognising and accepting such feelings – instead of beating yourself up about them. “Then, mindfully make another choice to take an action step in keeping with what you would be doing if you had a growth mindset – the belief that you could increase your abilities,” she says.

To help clients approach obstacles with a growth mindset, Venour often breaks down challenges that feel overwhelming into smaller pieces. For example, if a worker feels unable to give a presentation in front of colleagues, “how much of that is emotional and how much of that is factual?”, she

asks. “Can they talk? Yes. Have they spoken in front of more than one person before? Yes. Have they done presentation slides before? Yes. So, if there are elements that they can do, [what] is the bit that they’re not comfortable with?”

Narrowing down an overwhelming challenge to a specific point of difficulty helps workers focus, and reduces the element of learning required to an achievable level.

Often, the learning itself requires asking for help. One of the key concepts of growth mindset is seeing others as inspiration rather than competition, an approach that can help foster collaborative teams. “If workers view others as resources and not as competitors, they’re open to sharing other people's skills and abilities and learning from fellow employees,” says Elliott-Moskwa.

Over time, recognising fixed mindset and practicing a growth mindset can become easier, and the prospect of taking on challenges less daunting. “Growth mindset is an empowering attitude,” says Venour. “You can really develop and grow over time as a person.”

Sometimes you might feel like you're not good enough or unique enough, but everyone is! Everyone has different personalities.

JOEL ESCOL Feature Editor

DANTE M. SUDARIA President/CEO

BUSINESSWEEK MINDANAO CORPORATION Publisher

ALLAN MARIO MEDIANTE Vice President for Corporate Affairs

JOE FELICILDA Vice President for Administration

RUFINO T. MAGBANUA Vice President for Business Development NECART HALASAN Vice President for Operations

ROSE MARY D. SUDARIA, P h D Vice President for Finance

MIKE BAÑOS Vice President for Digital

DANNYCAROSE SUDARIA-HALASAN Marketing Manager

DTI OKs price hikes on Noche Buena products

THE Department of Trade and Industry (DTI) has approved the increase in prices of 195 out of 223 stock keeping units (SKUs), including Noche Buena staples such as ham and quezo de bola.

The agency is expected to release the price guide for Noche Buena products on Nov. 23 which also include fruit cocktail, cheese, sandwich spread, mayonnaise, spaghetti pasta, elbow macaroni, salad macaroni, spaghetti sauce, tomato sauce and cream or all-purpose cream.

About 94 SKUs have increased their prices by more than 10 percent, 51 items had increments between 6 to 10 percent, and 50 products hiked prices by 1 to 5 percent, according to the DTI.

For ham products, some items decreased their prices by P30 while other brands increased up to P42.

Suggested retail prices (SRP) for Christmas ham ranges from P168 to P892.50 from last year's SRP of P158 to P862.50.

For fruit cocktail, price hike ranges from P0.50 to P33.05 with SRP of P56 to P33.05; cheese price hike ranges from P3 to P21, with SRP of P54.35 to P371; quezo de bola prices increased between P10 to P56.65; mayonnaise, increasing by P0.60 to P23.45, with SRP of P24 to P234.15; sandwich spread, increasing by P1.05 to P13.16, with SRP of P26 to P252; and cream, increasing by P3 to P16, with SRP of P63

to P75.

Prices of spaghetti pasta also increased by P4.50 to P27, with current SRP of P25 to P111; elbow macaroni and salad macaroni prices both increased by P4 to P27.75, with SRP of P23 to P119 and P39 to P117, respectively; spaghetti sauce prices increased by P1.55 to P14.93, with SRP of P23.55 to P95.50; and tomato sauce prices increased by P1.20 to P18.50, with SRP of P17.25 to P92.25.

Eight items on the Noche Buena list maintained their 2021 prices.

DTI Assistant Secretary Ann Claire Cabochan said there are 18 newly added SKUs for Noche Buena products this year. (PNA)

PEZA seals 2 accords with Japanese firms

THE Philippine Economic Zone Authority (PEZA) on Tuesday said it signed two agreements with Japanese firms with the aim to attract more investments in the country’s renewable energy and manufacturing sectors.

In a statement, PEZA said it signed a memorandum of understanding (MOU) with Junca Global Partner, Inc. and a Registration Agreement with Kurabe Industrial Philippines, Inc. during the investment mission in Japan last Nov. 14 to 18.

The MOU with Junca aims to promote the Philippines as an investment destination for startup companies engaged in the fourth industrial revolution.

The MOU also targets to strengthen collaboration and partnership between Filipino and Japanese startups to bolster the country’s innovation-driven industries, particularly innovation in renewable energy.

“With the signed MOU, PEZA and Junca will collaborate in bringing renewable energy technologies to ecozones and thereby enable locator companies to remain globally

competitive while at the same time contributing to mitigating the effects of climate change pursuant to the Kyoto Protocol and the Paris Agreement,” PEZA officer-in-charge Tereso Panga said.

Junca Chair and Chief Executive Officer Dr. Hiyasuki Nagatome also committed to invest in the Philippines, not only in the renewable energy sector but also industries where Junca’s innovation and technology can be applied.

“I guarantee you that Junca Holdings will invest and bring in the latest technology in the Philippines through PEZA, especially in the field of artificial intelligence (AI), blockchain system, biotech and stem cell, and wellness products,” he said.

Moreover, PEZA sealed a Registration Agreement with Kurabe to put up its manufacturing facility for car seat heater, steering wheel heater, and heating wires in Batangas.

Kurabe has secured a 5-hectare land in Lima Technology Center Special Economic Zone in Lipa City.

Panga said Japanese

companies have been a staunch partner of PEZA in bringing economic development in the country, and the agency will continue to explore new opportunities in partnering with more Japanese enterprises.

“We draw our guidance from the priority strategy of President Bongbong Marcos which are into economy, agriculture, and renewable energy. We are also guided by DTI’s Science Technology Innovationdriven industrialization strategy,” he added.

Japanese firms are the largest investors in PEZA economic zones.

To date, there are 898 Japanese companies registered with PEZA, with total investments of P739.6 billion and employing 351,335 personnel.

From January to September 2022, Japanese firms invested P11.3 billion worth of projects within PEZA zones.

Export revenues of Japanese firms operating within the ecozones reached USD13.26 billion in the first nine months of the year. (PNA)

Alternergy, Shell tie up for offshore wind projects in PH

RENEWABLE energy firm Alternergy Holdings Corp. and Shell announced Tuesday their partnership to develop offshore wind projects in the country.

The partnership with Shell will be through Alternergy's unit Pililla AVPC Corp.

In a press conference in Makati City, Alternergy chairperson Vince Perez said the partnership is initially looking into developing an offshore wind project in Calavite Passage, which has a potential capacity of 5 gigawatts.

The firm eyes to develop 1 GW offshore wind power from the site, which is in the northwest corner of Mindoro.

"Shell, as our strategic partner with 50 years of deep water offshore and over 20 years of offshore wind development experience, will bring in its global track record, supply chain access, and technical expertise in developing large-scale bottom-fixed and floating wind projects," Perez said.

The former energy chief added that Alternergy is "eagerly waiting" for President Ferdinand R. Marcos Jr.s’ executive order (EO) on offshore wind development.

Last week, Department of Energy (DOE) Secretary

EXTRAJUDICIAL SETTLEMENT OF ESTATE OF DECEASED PERSON WITH SALE

KNOW ALL MEN BY THESE PRESENTS: That the late, ALBERTO B. VISTAL, JR., who died on August 28, 2019 at Cagayan de Oro City, died intestate, leaving a Motorela with Make: Kawasaki; Series: BC175F; Type of Body: MC; Model: __; Color: __; CR#: 227811813; Chassis #: BC175F-B53690; Motor No. : BC175AEL19889; Plate No.: KA766685; MV File No.: __; OR#: 1348066241, and has been the subject of EXTRAJUDICIAL SETTLEMENT OF ESTATE OF DECEASED PERSON WITH SALE, That we, the herein-above named HEIRS/VENDORS, for and in consideration of the sum of FIFTY THOUSAND (50,000.00) PESOS, Phil. Currency, to us in hand counted and paid by the above named HEIR/ VENDEE, and receipt of which are hereby acknowledged by us to our entire satisfaction, do hereby sell, cede, transfer and conveyed as by these presents have SOLD, CEDED, TRANSFERRED and CONVEYED unto said HEIR/VENDEE, his heirs, assigns, executors or administrators, the hereinabove described motorela free from lien and/or encumbrance, whatsoever. That the provisions of the New Civil Code of the Philippines particularly 1621 up to 1623, had already been complied with, filed by the heirs of ALBERTO B. VISTAL, JR .,per DOC#335; PAGE#: 67; BOOK# 27; Series of 2020, under the Notarial Registry of ATTY. ROWELL B. VALLEDOR.

Rapahel Lotilla said the agency is crafting the EO to be signed and issued by Marcos that aims to stimulate investments in offshore wind projects.

This is part of the Marcos administration’s goal of harnessing indigenous energy resources for energy security, accessible and affordable power for Filipinos, and increasing the share of clean energy in the country’s energy mix.

"I thanked these local companies and their foreign partners for taking bold action in committing to deliver clean energy to the Filipino people.

Harnessing the power potential of offshore wind resources requires intensive capital cost and highly skilled manpower resources, thus partnerships are a key strategy," Lotilla said in a statement Tuesday.

In the same event, Shell General Manager for Offshore Power for Asia Pacific Joe Nai said the availability of supporting infrastructures like ports, cranes and vessels, among others, will help in the development of the country’s offshore wind industry.

For the Calavite Passage

Offshore Wind Project, the companies are eyeing to use the Batangas Port.

Nai added that offshore wind projects would also boost other industries as building the infrastructure would require turbines, steel, towers, electrical cables, among others, as well as the skills of designing and constructing the project.

Meanwhile, Perez said despite the amended implementing rules and regulations (IRR) of the Renewable Energy Act that allows 100 percent foreign ownership for renewable energy projects, Alternergy and Shell are looking into maintaining the usual 60-40 equity share in favor of the local party.

Perez added that the company is “not threatened” with the amended IRR that is seen to invite more players in the country’s renewable energy sector.

“Actually, we welcome the lifting of the foreign ownership restrictions. It brings more players to the Philippines, but we are not threatened by it because we still feel that -- as you can see from this synergy -- we bring complementary skills,” he said. (PNA)

Reshaping Education for better Learning

By: MARICY K. ALQUIZAR Teacher III Taguanao Elementary School

Teachers have quickly created methods for remote instruction in response to the pandemic and worked to alleviate serious disparities. We want to create a better society, not return to normalcy. How can curriculum and instruction be reimagined in schools and communities? What kind of assistance do educators need to improve the bonds between families and schools?

There have been numerous discussions about the decision to resume school despite the outbreak. In order to ensure that no student is left behind, many are calling for the education industry to skip this school year, but many parents are still open to trying out how remote learning will function.

They're using this chance to change the way we instruct our kids. Although it is a laborious task, it is a way for the Philippines to build the schools of the future because the pandemic is far from over

and who knows what other crises we may still be facing. They're achieving this in a number of key ways, one of which is by encouraging flexible learning. This indicates that learning programs are developed in accordance with the capabilities of the students, schools, or community.

The quick spread of COVID-19 has shown how crucial it is to develop resilience in order to deal with a variety of dangers, including pandemic disease, extremist violence, climate instability, and, yes, even rapid technology development. The epidemic is also a chance for us to reflect on the abilities that kids require in this unpredictably changing environment, such as sound judgment, originality in approach to solving problems, and probably most importantly, adaptability. Resilience must also be incorporated into our educational systems to guarantee that all students continue to place a high priority on those skills.

MINDANAO FEATURE

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Editor: GILBERT Y. CHAO

Pldt Offers Free WiFi For ‘Festival Of Lights’ at Gaston Park

City Mayor Rolando "Klarex" Uy, in partnership with telecommunications company PLDT, will be offering free WiFi connection at Gaston Park during Cagayan de Oro's ceremonial Christmas lighting event in December next month.

This is in line with the city mayor's plan to provide free WiFi in public areas in Cagayan de Oro.

On Thursday, November 24, Mayor Klarex Uy met with PLDT Enterprise Vice President for Mindanao Benbrackie Melasa and his team to discuss the telecommunications

company's proposal to provide free internet connections in the entire city. Melasa was accompanied by Robert W. Suzon, Business Head, Northern Mindanao; and

OFFERS/PAGE 7

EXTRAJUDICIAL SETTLEMENT OF ESTATE OF ESTATE OF PAZ M. BOBADILLA

KNOW ALL MEN BY THESE PRESENTS: That the late PAZ M. BOBADILLA , who died on December 2, 2019 in Consolacion, Cagayan de Oro City, that during her lifetime she is the registered owner of 1-unit motorcycle, and more particularly described as follows: Make/Series: Yamaha STX 125T 34C2, Body Type: TC HIRE, Engine No. 34C2028393 , Serial Chassis No.: 34C2029834 , Plate No.: KW9800 , Year Model: 2010, and has been the subject of an EXTRAJUDICIAL SETTLEMENT OF ESTATE OF ESTATE OF PAZ M. BOBADILLA, filed by the heirs of PAZ M. BOBADILLA. per Doc#039; PAGE #009; BOOK# I; Series of 2022 under the Notarial Registry of ATTY. RHINO V. PEREZ

BWM: NOV 11, 18 & 25, 2022

KNOW ALL MEN BY THESE PRESENTS:

That the late ATTY. ROMEO B. SANCHEZ , who died on October 12, 2020 in Butuan City, during his lifetime he left some properties with TCT NO. 157-2022003112 , located in Brgy. Babag, Butuan City, containing an area of 29,942 sqm., TCT No. 157-2021003565 , located in Brgy. Bading, Butuan City, containing an area of 1,500 sqm., T.D No. 20-050002-00837, located in Brgy. Babag, Butuan City, containing an area of 23, 113 sqm., as well as his conjugal share, consisting of one half (1/2) portion of the following property under the name of his wife, Marie Emilie Sanchez, which is more particularly described as follows: T.D. No. 20-05-0002-0089 , located in Brgy. Babag, Butuan City, containing an area of 27,245 sqm., and has been the subject of ADDENDUM TO THE EXTRAJUDICIAL SETTLEMENT OF

EXTRA JUDICIAL SETTLEMENT OF ESTATE OF THE LATE MARSHALL RAVIDAS LONGOS

KNOW ALL MEN BY THESE PRESENTS:

That the late MARSHALL RAVIDAS LONGOS, died on December 25, 2021 in Tablon, Cagayan de Oro City, Misamis Oriental, at the time of his death he left property with TRANSFER CERTIFICATE OF TITLE NO. T-195650, with an area of 600 Square meters, situated at Tablon, Cagayan de Oro City, owned by ROMMEL R. LONGOS SR., with a share of 100 Square meters and MARSHALL LONGOS with a share of 500 Square meters; TRANSFER CERTIFICATE OF TITLE NO. T-195651 identified as Lot 19548-B-2-D situated at Tablon, Cagayan de Oro City, with an area of Nine Hundred twenty Two (922) Square Meters, more or less; TRANSFER CERTIFICATE OF TITLE NO. T-184950 identified as Lot 25484A situated at Puntod, Cagayan de Oro City, with an are of Two Hundred (200) Square Meters, more or less, owned by ROMMEL R. LONGOS SR., and MARSHALL LONGOS; and KATIBAYAN NG ORIHINAL NA TITULO BLG 201900051 identified as Lot 22117-B situated at Tablon, Cagayan de Oro City, with an area of Two Hundred Fourteen (214) Square Meters, more or less, and has been the subject of an EXTRA JUDICIAL SETTLEMENT OF ESTATE OF THE LATE MARSHALL RAVIDAS LONGOS, filed by the heirs of MARSHALL RAVIDAS LONGOS, per DOC#87;PAGE#18;BOOK#93;SERRIES OF 2022 under the Notarial Registry of ATTY. QUINTILIANITO S. BABARIN JR.

Nov. 18, 25 & Dec. 2, 2022

INDAHAG, Cagayan de Oro City barangay chairman Jocelyn Dahino (center) confers with Mayor Rolando Uy (right) at the sidelines of the inauguration of the new water treatment facility of JE Hydro & Bioenergy Corporation in the barangay. Dahino is grateful to the company for choosing Indahag as the site of the distribution of its potable water services. INDAHAG

(SGD) NORHAYA L. TOCALO Municipal Civil Registrar

Cagayan de Oro Festival of Lights at Gaston Park (Project LUPAD)

Mayor Klarex Uy meets with PLDT Enterprise Vice President for Mindanao Benbrackie Melasa and his team to discuss the telecommunications company's proposal to provide free internet connections in the entire city. Melasa was accompanied by Robert W. Suzon, Business Head, Northern Mindanao; and Senior Relationship Manager Khass Navales.

ADDENDUM TO THE EXTRAJUDICIAL SETTLEMENT OF ESTATE OF ATTY. ROMEO B. SANCHEZ

ESTATE OF ATTY.

ROMEO B. SANCHEZ, filed by the heirs of ATTY. ROMEO B. SANCHEZ, per DOC#103; PAGE#23; BOOK#709; Series of 2022 under the Notarial Registry of ATTY. JESUS MARIA JAMES L. BRINGAS.

Water...

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residents in Upper Camaman-an and Upper Gusa with around the clock water supply to households and establishments,” said Engr. Joffrey E. Hapitan, JEHBEC Chairman in a message from Cebu where the company recently inaugurated the revolutionary 20MLD Water Treatment Plant (WTP) located in Brgy. Lusaran, Cebu City which now provides water to nine previously waterless upland barangays, on top of providing much needed bulk water to Metro Cebu Water District.

“We wish to thank JE Hydro for helping us bring potable and safe water to Barangay Indahag and our nearby communities,” said City Mayor Rolando “Klarex” Uy in the vernacular in his message during the event.

“We appreciate how you have invested your own resources in this project, and hope you can still help bring water to our other waterless barangays which cannot be serviced by our Cagayan de Oro City Water District (COWD).”

Mayor Klarex also acknowledged the support given by the past city council for unanimously approving the project, as well as the current city council headed by Vice Mayor Jocelyn “Bebot” B. Rodriguez who likewise pledged their support for similar privatepublic partnerships which can provide safe drinking water to the city’s waterless barangays.

The Cagayan de Oro City Council unanimously approved earlier without objection during its regular session in March 1, 2021, Resolution No. 2021-47 endorsing and/ or imposing no objection to the application of the JE Hydro & Bio-Energy Corporation to develop, build and maintain a Level-3 Water Supply and Distribution System in Barangay Indahag, and its adjacent communities with the intent to supply and distribute potable and safe drinking water to households and establishments in said barangay.

With a population of 16,179 per the 2015 Census representing 2.4% of the city’s population, the upland barangay in the second congressional district may soon be one of its fastest growing. Lately barangay officials estimate its population has risen to approximately 21, 000.

Also present during the event were Luis Ramon P. Lorenzo, Jr., chairman of the LLJ Water Resources Corporation, (one of three firms undertaking the project), Indahag Punong Barangay Jocelyn

N. Dahino, Balubal Punong Barangay Pablo Bactong, City Councilor & Majority Floor Leader Ian Mark Q. Nacaya and City Councilors Imee Moreno, Ivy Emano, Ian Achas, James J. Judith and Malvern Esparcia, Barangay Indahag Level III Water Supply Project

The Indahag Water Treatment Plant (WTP) constructed by JEHBEC has a capacity to deliver 5 million liters daily (MLD) of clean and safe potable water at no cost to the barangay. The project is funded by the Land Bank of the Philippines who were represented yesterday by Account Officers Ramil Lumayag and Laiza Lou Ting.

The WTP will source surface water from Bubunawan River in Barangay Pualas, Baungon, Bukidnon with water rights secured from the National Water Rights Board (NWRB) for 10MLD, to provide for future expansion.

During an earlier committee hearing, Indahag Kag. Carmelito Damo said Indahag’s population has been expanding due to the city’s Sendong relocation projects ( Habitat Phase1 and 2, over 1,000 HH ; Caritas Village, over 100 HH) and private subdivisions such as Mersville del Mondo which has not yet been occupied, and Villa Vita with over 1,800 units, but only has about 50 occupied because of the lack of water supply.

“Nalipay mi kay almost 26 years wala mi tubig gikan sa kagamhanan tungod kay layo kaayo among barangay ug dili makasaka ang tubig sa water district,” Damo, himself a former Indahag Punong Barangay stressed.

To further emphasize the urgency of the situation, Barangay Indahag passed Barangay Resolution No. 017-2021 during its 5th regular session on March 1, 2021 requesting JE Hydro & Bio-Energy Corp. to fast track its Level-3 Water Supply Network to service Bgy. Indahag and its adjacent communities.

The resolution rued how Bgy. Indahag had been suffering from insufficient supply of safe and potable water for decades, stressing how the barangay has not yet been served the Cagayan de Oro City Water District (COWD), and they have just been making do with water delivered by water tankers (at P75 per barrel of unfiltered water) and unreliable deep wells, further putting the health and well-being of residents at risk during the global pandemic.

“If we already have water in Indahag, Cagayan de Oro will not be so congested. We are flood-free. This will also help develop our barangay,” he added.

Backs...

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launched during this week’s official visit of US Vice President Kamala Harris to the Philippines. The launch is in line with the key pillars of the Biden-Harris administration’s Partnership for Global Infrastructure and Investment, aimed at tackling the global climate crisis and to reinforce energy security.

Deadline of submissions of proposals for the FS grant by interested US firms, including qualifications and proposal data, is on Dec. 9 this year, at 5:00pm (Philippine standard time).

The US company that will be selected to undertake the feasibility study will be paid $413,120 from the USTDA grant.

In a statement to the media, the US government noted that “the power plant will support the Philippines’ clean energy transition and reduce greenhouse gas emissions.”

The planned Amacan power facility has been accorded with a geothermal service contract by the Department of Energy (DOE) via open and competitive selection process (OCSP), and the Philippine government sets tendering process on that based on potential geothermal resources as determined by the department’s technical data and research.

Under the OCSP, it was emphasized that “EDC received the exclusive rights for geothermal power at the Amacan site,” which is in the eastern coast of southern Philippines.

According to USTDA Director Enoh T. Ebong, the financial assistance will “catalyze private sector investment in geothermal technologies that US companies are well positioned to supply.”

She emphasized that by partnering with EDC, the US agency “is enthusiastic about bringing additional renewable energy resources online so that people across the Philippines have a clean and reliable source of power.”

The American government qualified the “USTDA study will help EDC confirm geothermal resource availability and conduct initial technology and financial assessments for the implementation of a geothermal power plant with around 50 megawatts of energy capacity.”

EDC President and Chief Operating Officer Richard B. Tantoco reiterated that “geothermal energy has been providing the Philippines with baseload renewable energy and helping our country avoid at least a million tons of carbon emissions each year compared to coal.”

He stressed that the country needs more geothermal energy that has round-the-clock operations “to decarbonize our energy sector and help achieve a net zero country.”

Wages...

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of Jasaan town. The same amount was also distributed to 612 recipients in Claveria town. Another P2.2 million was also distributed to 571 beneficiaries of Villanueva town. More capital Amifilna Antigua, 48,of Barangay Kimaya, Jasaan said the amount she received additional capital to her neighborhood sundry store and her three children while her husband works as a motorcycle taxi driver. Antigua said the pandemic was a struggle for her family, as it made daily life harder, adversely affecting her livelihood. For her to provide for her children’s educational needs, Antigua said she sought assistance from DOLE through TUPAD. Jerwin Llenares, a person with disability (PWD) from Claveria, also said his income as a street vendor was greatly affected by the pandemic and was not enough to support the increasing financial needs of his family. "As a PWD, this program is extremely beneficial to my family. This can add capital to my small business," he said. (PNA)

City... from page 2

co-creating resilient, empowered and sustainable communities." "I am confident that this multistakeholder and integrated system approach can further develop the coherent positions needed for operationalizing Disaster Risk Reduction and contribute to the greater commitment in achieving resilient cities and communities,” Marasigan said. Meanwhile, representing the academic community in the program is the Mindanao State University - Iligan Institute of Technology (MSUIIT). During the MOU signing earlier this month, MSU-IIT Vice Chancellor for Research and Extension Gaudencio C. Petalcorin Jr. assured the institution is ready to support the needs of the city through its various research outputs. "We offer the knowledge and expertise of our faculty members and institution through our Mindanao Center for Resiliency. The Adopt-ACity program is in line with MSU-IIT’s vision to create a new academic program on disaster resilience in our university,” he said. (PNA)

Eyes...

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real effective exchange rate basis. Last Friday, the peso ended the trading at 57.26 to a US dollar and is still trading at 57-level at the start of this week. “If we are right, there will be less of a need for the BSP to lean towards aggressive rate hikes to defend the peso going forward,” it said. The report said while the domestic economy continues to recover from the pandemic, with the third quarter growth accelerating further to 7.6 percent from the upwardly revised 7.5 percent in the previous

quarter, risks to economic growth are rising. “Further ahead, we think that the lagged impact of persistent inflation, weaker external demand, and high interest rates will lead to a slowdown in growth, which we expect to slow from 7.4 percent in 2022 to 5.9 percent in 2023,” it added. (PNA)

, based on the latest data from the Bangko Sentral ng Pilipinas.

This brought the systemwide NPL ratio to 3.43% in September, easing from 3.53% in August, and 4.44% in September 2021. The September NPL ratio was the lowest in 25 months or since the 2.84% recorded in August 2020.

Offers...

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Sustainable Funding Framework.”

“It offers fixed high interest rates to protect you from any rate volatility or any market volatility. The choice of when you want to withdraw your interest varies. You can earn interest and interest can be credited monthly to a settlement account or be paid at the end of the fiveyear term,” she added.

Time... from page 3 Ford... from page 8

The bank said the deposits will be used to fund projects vetted by technical consultants trained and accredited by the International Finance Corp. BPI is looking to attract about two million clients to invest in the product, Ms. Marquez said.

“If you would look at P5,000 per client to reach the P10 billion, that’s about maybe two million clients. But since we have the other higher deposit amounts, I think we’ll be able to reach the P10 billion target even with just fewer clients,” she said.

BPI posted higher net earnings in the third quarter as its net interest and noninterest incomes increased alongside an expansion in its customer base to over nine million.

The Ayala-led lender said it booked a P10.1-billion net income in the July-to-August period, up 26.8% from a year prior. This brought the bank’s bottom line for the first nine months to P30.5 billion.

Rates... from page 3

system,” Ms. Anand said.

The banking industry’s NPLs dropped 14.6% year on year to P415.225 billion in September from P486.362 in the same month last year,

Senior Relationship Manager Khass Navales. One of the presented plans is the free public WiFi connection for the duration of the city's ‘Festival of Lights’, an annual event to light up the City Hall and Gaston Park with hundreds of colorful Christmas lights to kick off the celebration of the Yuletide season. (JAS-CIO/File photo by Project Lupad)

grabs for customers, with up to P200,000 cash savings available in the pick-a-prize promotion. Customers can also check out the Ford Island Conquest display and test drive activities at the AutoFocus Pre-Christmas Test Drive Festival on November 17-20, 2022 at the SM Mall of Asia Concert Grounds. Over P1 million worth of cash discounts and freebies are up for grabs for customers reserving their Ford vehicles at this event.

# (088) 857-3631

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Ford Philippines Gives Away 25 Prizes For 25th Anniversary Celebration

With a purchase of a Ford vehicle until December 31, customers get the chance to win iPhone 14 Plus, P25,000 worth of vouchers, and a brand-new Ford Territory as grand prize MANILA, Philippines –In celebration of its 25th anniversary in the country, Ford Philippines is giving away twenty-five (25) prizes, including a brand-new Ford Territory as the grand prize, for its special anniversary promotion.

The promotion is open to all Ford customers getting select models of the next-gen Ford Ranger and next-gen Ford Everest, as well as the Ford Territory and Ford Mustang from all Ford dealerships nationwide from November 17 to December 31, 2022.

“Our 25th anniversary promotion is our way of sending our warmest and sincere appreciation to all customers and enthusiasts

who love our Ford vehicles. With this program, we are able to make the purchase and ownership experience more exciting for our customers especially as we welcome the holiday season too,” shares Mike Breen, managing director, Ford Philippines. “The support that we have received from our customers, as well as from our dealers, employees, and partners has been incredible over the last twenty-five years, and we can’t wait to move forward with all of them as we drive our future together.”

Customers who purchased a qualified Ford vehicle during the promotional period will earn one (1) raffle entry. Those who purchased under an auto loan program from EastWest Bank or Bank of the Philippine Islands (BPI) are entitled to an additional one (1) raffle entry.

A customer who purchases two (2) vehicles with two (2) raffle entries that will be successfully drawn can win two (2) separate

prizes.

Prizes include ten (10) fuel vouchers worth P25,000, ten (10) service/accessory vouchers worth P25,000, four (4) brand-new iPhone 14 Plus mobile devices, and one (1) brand-new Ford Territory 1.5L EcoBoost Titanium+ for the grand prize. The raffle draw will be held on January 13, 2023.

Purchases for the Ford Explorer, next-gen Ranger Wildtrak 4x2 and 4x4 A/T models, as well as for the next-gen Everest Titanium+ 4x2 and 4x4 A/T models, are not covered by the promotion.

Ford Philippines is also giving away a P25,000 cash discount as a special treat to its customers this month. The cash discount offer is available on purchases made from November 1 to 30, 2022, covering the next-gen Ranger Sport 4x2 A/T, next-gen Ranger XLT 4x2 A/T, and next-gen Ranger XLS 4x2 A/T.

Meanwhile, the special promo for the Ford Territory is extended until November 30, where customers can get a free 3-year scheduled service plan (SSP) or avail of a special financing program where they

can get the Territory at an allin downpayment of P149,000.

Great deals at Ford Island Conquest Customers can also take advantage of more deals at the Ford Island Conquest

happening at the Bonifacio High Street Amphitheater in Bonifacio Global City in Taguig City on November 18-20, 2022. Over P4 million worth of cash savings and prizes are up for