BusinessWeek Mindanao (December 12-13, 2022)

$89M Ausie investments

DAVAO City – Australia has allotted around $89 million worth of development projects for the Philippines, the newly designated Australian envoy to the country said during a visit here Friday. “We have a development program which is Australia’s fifth largest in the world for the Philippines. A big part of that goes straight to Mindanao,” Australian Ambassador to the Philippines Hae Kyong Yu said in an interview with reporters here. She said the program covers areas in education, community resilience and humanitarian disaster response.

Firecrackers ban

DAVAO City - To ensure the safety of Dabawenyos as they celebrate the holiday season, the city’s security and safety cluster assured Thursday it will intensify the firecracker ban. Angel Sumagaysay, head of the Public Safety and Security Office (PSSO), said it is in line with the City Ordinance 060-02 also known as the Firecracker Ban which prohibits the possession, use, sale, manufacture and distribution of pyrotechnic devices in the city. “The city’s security units have already been briefed as to the full implementation of the ban. I have already sent a memo to our security forces to really implement the ordinance,” Sumagaysay said in a radio interview.

Marawi projects

THE Department of Public Works and Highways (DPWH) is fast-tracking some road projects as part of the national government’s rebuilding program for the Islamic City of Marawi.

Senior Undersecretary Emil Sadain reported to Secretary Manuel Bonoan that the Japan International Cooperation Agency (JICA) is backing four contract packages (CP) of civil works for Marawi Transcentral Road Phase 3 under the Road Network Development Project in Conflict Affected Areas in Mindanao (RNDPCAAM) with a total length of 18.78 kilometers.

The project is being implemented by DPWH Unified Project Management Office (UPMO) - Roads Management Cluster 1 (Bilateral) led by Project Director Benjamin Bautista with Project Manager Francisco Sawali as overall project in-charge.

Bangsamoro dev’t top priority of new admin

By ANTONIO L. COLINA IV MindaNews

DAVAO City — The development of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) is at the centerpiece of government efforts under the administration of President Ferdinand “Bongbong” Marcos Jr., according to Secretary Carlito G. Galvez, Jr., chief of the Office of the Presidential Adviser on Peace, Reconciliation and Unity (OPAPRU).

“We saw the discussion of the President after we reorganized the OPPAP, more than half of personnel will be dedicated to Bangsamoro. In fact, we

assigned more than 200 personnel for implementation of the Bangsamoro and IGRB (Intergovernmental Relations

BARMM approves P75M power plant investment

COTABATO City — The Bangsamoro Board of Investments (BBOI) is ending 2022 with a message that the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) remains a good investment destination by approving the P75-million

registration for the expansion of Kaltimex Rural Energy Corp. (KREC).

KREC, 60 percent Filipinoand 40 percent Indonesianowned, wants to expand an off-grid diesel power plant on 2.7 hectares of property,

MinDA boosts partnership among PH Ambassadors

DAVAO City – To provide a strong partnership with relevant institutions, especially with the Department of Foreign Affairs (DFA), the Mindanao Development Authority (MinDA) welcomed on Friday the 17 newly designated and confirmed Philippine Ambassadors Extraordinary and Plenipotentiary here.

In a statement Saturday, Secretary Maria Belen Acosta

said the gathering paved the way for advancing popular growth and development in Mindanao.

The Ambassadors visited the city as part of their Onsite Economic Diplomacy Program before they assume early next year their respective posts and assignments in various parts of Asia, the Middle East, Latin America, and Europe.

Acosta said it is seldom that

Mindanao is visited by a group of Philippine Ambassadors and that is why "we are truly delighted with your presence here today knowing fully well of your strategic role in promoting and marketing our country as a promising investment and tourism destination in the international field."

MinDA, as the Philippine Country Coordinating Office

LUNCH BREAK. A farmhand grills bangus for lunch in a coconut farm in Sulop, Davao del Sur on Friday, Dec. 9, 2022. MindaNews photo by MANMAN DEJETO

A VIEW FROM THE SEA. Mt. Tumantangis beckons from downtown Jolo, Sulu. MindaNews photo by BONG S. SARMIENTO

DTI closely monitors prices of Noche Buena profucts

DAVAO City – The Department of Trade and Industry in the Davao Region (DTI-11) has intensified its monitoring of Noche Buena products following the issuance of the latest price guide on November 23. In a statement Friday, DTI-11 head Maria Belenda Ambi said they are continuously visiting stores and establishments in the region to monitor the prices, especially Noche Buena items, to ensure that the suggested retail prices (SRPs) are strictly enforced. She said the prices of pasta, cream, spaghetti sauce,

fruit cocktail, cheese and queso de bola have increased significantly. “Compared with 2021, the prices of Noche Buena products this year have increased by at least 10 percent. This can be attributed to the high oil prices, which affected the manufacturing and raw material costs,” Ambi said. The DTI said Noche Buena products are not categorized as Basic Necessities and Prime Commodities (BNPCs) under the Republic Act (RA) No. 75181, as amended by RA No. 10623. “This serves as the price guide of commonly purchased ingredients

and food products served during Christmas and New Year,” Ambi said. She also encouraged consumers to be attentive to the prices, labels and expiration dates when buying their groceries for their protection. “Consumers are also reminded that December is a peak season for shopping; hence, they should shop early and have their own list before going to the stores to avoid the holiday rush,” Ambi said. She advised business establishments to follow the prescribed SRPs of products as overpricing “will be acted upon accordingly.” (PNA)

New sea, air routes enhance Mindanao, East Visayas-Cebu link

NEW ferry and air routes connecting the region to other parts of the country are expected to enhance the competitiveness of the region as a travel and vacation destination, the Department of Tourism (DOT) said on Thursday.

DOT Regional Director Karina Rosa Tiopes said these new routes are an important factor in making a place market-ready and providing additional accessibility by land, air and sea.

Tiopes noted that about two weeks ago, the Kho Shipping Lines launched the Maasin City route for one of their fleets connecting Southern Leyte to Mindanao through Surigao port and Central Visayas via Cebu port.

The operation of Kho Shipping Lines is an expansion

from the existing roll-on, roll-off ports in Liloan and San Ricardo port that links Southern Leyte to Surigao.

“This is a positive development, especially for our dive markets as it gives guests another option to reach Southern Leyte. Foreign and even domestic tourists going to Sogod Bay Dive sites will now find it more convenient to take the ferry boat from Cebu to Maasin.

Ferry route to Surigao also opens up tourism and trade opportunities not just for Maasin but also for other towns in the first district of Southern Leyte and those in the fifth district of Leyte,” she said.

Ocean Jet also recently launched the Palompon-Cebu route through its fast craft.

The town of Palompon in Leyte is known for its

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picturesque Kalanggaman Island, the most visited destination in the province.

Before the new sea route, Palompon is accessible from Cebu through the airport in Tacloban City and seaport in Ormoc City.

The Philippine Airlines (PAL) will launch its maiden flight from Cebu City to Borongan City in Eastern Samar.

The flag carrier also made flight arrangements to connect Borongan to Manila through MactanCebu International Airport.

“The Cebu-BoronganCebu flights of PAL increase the opportunities to capture the Central Visayas tourists market as well as those using Cebu as their international gateway or port of entry to the Philippines,” Tiopes said.

“With Cebu as a domestic flight hub, it also enhances connectivity between Eastern Samar towns and Cebu, plus to key areas in the country that are connected by air through Central Visayas,” she added.

Tiopes urged the transport companies to ensure safe and pleasant travel, abovepar services, value-formoney facilities, and highquality tourist experience to “optimize the windows of opportunities” for tourism. (PNA)

AFFIDAVIT OF CLAIM WITH WAIVER OF RIGHTS

NOTICE OF PUBLICATION

NOTICE is hereby given that MOCAMMAD M. RAKIIN, who died on 03 January 2022. Likewise, we further state under pain/penalty of perjury, punishable by imprisonment under the Revised Penal Code, that we do not know any other heirs of the decedent; further, decedent does not have any known debts or obligations unpaid at the time of his/her death. At the time of his death, he left Savings Deposit Account with the EAST WEST Bank – 2219-CDO-COGON under Savings Account No. 200000454264 with a balance of Php 470,690.15. Is the subject of AFFIDAVIT OF CLAIM WITH WAIVER OF RIGHTS, made an entered by and among RASLANI S. RAKI-IN, RAKIL-ALI S. RAKI-IN, ROHAYNE S. RAKI-IN, MOCAMAD S. RAKIIN, JR., and ROHANNIE R. DEROGONGAN, MARAMANAI S. RAKI-IN all of legal age, Filipino, and residents of Rakiin Residence, Basak Malutlut, Marawi City, after having been duly sworn in accordance with law, hereby depose and state, that: We are the only surviving heirs of the deceased depositor, MOCAMMAD M. RAKIIN. We hereby request the East West Bank free and harmless from any claim/suit that may be brought against it by reason of the release of the said amount in favor of MOHAMMAD SHEDDICK L. RAKI-IN and we hereby undertake to indemnify the said bank in the event it suffers damages should any heir or creditor subsequently claim deprivation of any rights by virtue of this release statement. As Per Doc No. 893; Page No. 176; Book No. II; Series of 2022 under the Notarial Registry of ATTY. DADELLES L. MACAAN.

Inflation risks expected to be balanced by 2024: BSP

THE hike of domestic inflation rate last November to 8 percent from 7.7 percent in the previous month is within the Bangko Sentral ng Pilipinas’ (BSP) expectations, and it sees risks to be balanced only by 2024 after decelerating in the coming months.

“Inflation is projected to decelerate in the subsequent months due to easing global oil and non-oil prices, negative base effects, and as the impact of BSP’s cumulative policy rate adjustments work its way to the economy,” the BSP said in

a statement on Tuesday.

It earlier projected the November rate of price increases to stay between 7.4 to 8.2 percent. It forecasts inflation to peak either this month or in January 2023.

The Philippine Statistics Authority (PSA) traced the further acceleration of the inflation rate, which is the highest since November 2008, to higher year-on-year upticks in the food and alcoholic beverages index along with those from restaurants and accommodation services. The

average inflation in the first 11 months this year stood at 5.6 percent, higher than the government’s 2 to 4 percent target band. The BSP forecasts this year’s inflation to average at 5.6 percent. It said risks to inflation remain on the upside due to upticks in the prices of food and fertilizer prices, among others, in the international market, as well as the trade restrictions and adverse global weather conditions. “Higher food prices from further domestic

Bangko Sentral holds currency exchange initiative in Davao

THE BANGKO SENTRAL ng Pilipinas (BSP) Mindanao Regional Office has conducted a currency exchange initiative to allow the public to swap banknotes and coins unfit for circulation for e-money.

The e-Cash-in Points initiative is in line with the central bank’s efforts to safeguard the integrity of Philippine currency and to promote the digitalization of transactions in the country.

The BSP Mindanao Regional Office plans to offer the e-Cash-in Points initiative at its next campaigns and onboarding activities on digital financial literacy and cashless payments.

Unfit banknotes are described as soiled bills with faded print or with improper writings.

Meanwhile, unfit coins are those that are corroded or have markings.

Mutilated or damaged banknotes are also accepted for exchange if the current size of the banknote is at least 60% of the original size, the security thread is intact, and signatures of the Philippine president or the BSP governor is still seen.

The currency exchange service’s maiden run was held during the launch of the Paleng-QR Ph at the

Economic managers back proposed Maharlika Fund

THE country’s economic managers on Friday expressed their full support behind the creation of the Maharlika Wealth Fund (MWF), saying it would serve “as a vehicle to move forward the agency for prosperity and achieve the economic goals of the administration.”

“Without a doubt, the creation of the MWF will help us achieve our agenda for prosperity and the objectives for inclusive and sustainable economic growth we have outlooked in our mediumterm fiscal framework, eight-point socioeconomic agenda and in the Philippine Development Plan 2023-2028,” Finance Secretary Benjamin Diokno said in a briefing.

Diokno made the statements amid concerns from several sectors over issues of viability and transparency in the creation of the Maharlika Fund.

Previously, the Government Service Insurance System (GSIS), Land Bank of the Philippines (Landbank), Social Security System (SSS), Development Bank of the Philippines (DBP), and the Bureau of the Treasury (BTr) were proposed to contribute the seed

money for the proposed fund.

However, a change was announced by proponents of the House measure, excluding now the SSS and the GSIS from contributing the seed capital. Instead, Bangko Sentral ng Pilipinas (BSP) was tasked to contribute 100 percent of the dividends it has to remit to the national government for the welfare funds’ first two years of operations.

Diokno noted that to date, the BSP invests its funds in foreign government funds and some other investment vehicles managed by professional fund managers, among others, and noted that “as far as I’m concerned, I’m not satisfied with the returns.” With the MWF, he said the investments would be placed in diversified financial assets and development projects, such as toll roads and other infrastructure projects.

“This will ultimately complement the national government’s budget and infrastructure program. So instead of actually reducing the expected revenues, the BSP investing a portion of its profits to the fund will have an effect of magnifying the returns on the investments,”

he said.

Aside from BSP dividends, Diokno said other sources of funds for the MWF include royalties from national resources based on the fiscal regime to be implemented by the national government, proceeds of the privatization of state assets, and public borrowings He said GSIS and SSS “may still contribute to the MWF”, provided that their respective boards approve it.

Diokno was joined by Budget Secretary Amenah Pangandaman, Socioeconomic Secretary Arsenio Balisacan, and BSP Governor Felipe Medalla in supporting the creation of the MWF, as they cited the success of the social welfare fund of the Indonesia Investment Authority, which used the investments to finance major infrastructure projects amid the pandemic.

In a joint statement, they pointed out that in Singapore, gains from investments of GIC Private, Ltd. (GIC), which pools funds from the central bank and state investor Temasek Holdings Pte., are the biggest contributors

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Davao City Telephone #: (082) 298-8815 NORMA PACHECO, 0919-097-9024 ILIGAN- ALONA SUDARIA, 0916-292-1931 OSCAR LEDESMA Bureau Chief, Bukidnon Contact No.: 0905-692-5925

Maximize Yourself and Opportunities (Part 2)

Think a minute… “Everyone wants to succeed. Some are even willing to work for it.” There simply is no substitute for work. But we must make sure our work is working for us. Today we will look at the final steps we need to take to climb the right ladder to real success.

Another important step is to work using your own abilities and personality. A wise man said: “Do what you love and you will never work a day in your life.” One of your greatest feelings and accomplishments will be when you discover what you do well and enjoy doing.

Your own special abilities are like power tools with which to build your life of success. An Olympic coach said: “You cannot put in what God left out.” So make the most of what your Maker has put in you. Do what you were specially designed to do. “Dogs cannot fly and fish cannot climb trees.” But neither do they try! They simply do what they were created to do naturally. So learn your own special abilities and match them with your job and career.

The final, most important step is to make sure you are pursuing the best opportunity that will give you the best life. Remember, success is not having money, it is having a high-quality life. That is real wealth. Just as we want to get the most value for our money, even more we need to get the most value for our time, since time is what life is made of! When you run out of time, you run out of life. So make sure you don’t get “ripped

JHAN TIAFAU HURST

off” by spending your life’s time on things that do not give you real, lasting value in return. You only get one life to live, so get the best deal possible for what you spend your life on.

Ask yourself: Is the extra money I’m getting from working extra hours worth every hour I spend away from my spouse and children?

Remember: “Overtime pays more because of what you’re missing.” Don’t get ripped off by working hard all your life just for money and then learn too late you did not get the quality of life and love you’ve always wanted and were created to have.

It only makes sense to ask the One Who gave you your life’s time and talents, to start leading your life and career? Each day He will help you take the right steps to your true success He planned for you to have and enjoy. But it can only start happening if you ask Him to take full charge of your life. Just think a minute…

Boosting the social enterprise ecosystem opinion

Bank of the Philippine Islands (BPI) through its social development arm—BPI Foundation—continues to boost the Philippine social enterprise ecosystem by helping empower social enterprises (SEs) through its program, BPI Sinag.

Social enterprises are viable businesses with specific social objectives. Unlike a charity, social enterprises pursue endeavors that generate revenues which fund their social causes which, in turn, address gaps and issues within communities, eg. agriculture, health care, education, energy, technology and other sectors included in the sustainable development goals of the United Nations.

Introduced in 2015, BPI Sinag was initially conceived as a business challenge for SEs. It has now evolved into a growing ecosystem that continues to bring together not just the country’s visionary entrepreneurs, but also mentors, investors, and other stakeholders with a collective goal of inclusive and sustainable growth through social entrepreneurship.

According to Owen Cammayo, BPI Foundation Executive Director, BPI Sinag is part of the Ayala-led bank’s commitment to nurture SEs which pledge to focus not just on profit, but also on people and planet.

The Foundation widened its reach this year when it launched BPI Sinag Evolution, which is implementing for the first time, a multi-stakeholder approach, highlighting three vital pillars: the social entrepreneurs, the educators, and the intervenors or sub-sectors.

BPI Foundation provided Php3 million worth of cash grants for the program this year.

BPI Sinag Evolution is being implemented principally by Bayan Academy, with active support from BPI’s microfinance arm BPI BanKo, Ayala Land, Start Up Village, and Villgro Philippines.

Entrego is providing participating Sinag SEs with reliable logistic solutions for the safe and timely delivery of their products.

In addition, Sinag SEs are provided wider market access through the Sinag Sari-Sari Store in Ayala malls nationwide through its partnership with Alagang Ayala Land.

BPI Sinag Evolution is aligned with the National Social Enterprise Development Roadmap, one of the outputs of Sinag Spark last year, translating the roadmap strategies into viable programs.

Aside from the cash grants, BPI Foundation provides Sinag SEs with an MBA-like experience through virtual mentoring sessions, which

Uproot the Root Cause of Insurgency

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

include sessions on business strategy and planning, marketing, operations, finance, organization & HR development, and social innovation, among others.

With the multi-stakeholder approach, the “Sinag Evolution” also provides opportunities to the members of the academe and supports intervenors of SEs through a customized management program.

BPI Foundation offers educators the BPI Sinag Social Entrepreneurship and Management Course, which focuses on effective methodologies in teaching social entrepreneurship management.

Over the years, the program has supported 238 SEs nationwide and awarded over Php20 million cash grants to help them strengthen their enterprises, widen their reach, and further uplift the lives of their communities.

NTC and APEC Schools merger

The National Teachers College (NTC) and the Affordable Private Education Center (APEC) Schools are merging, with the NTC as the surviving entity.

Both schools are whollyowned by IPeople Inc, which in turn is owned by the Yuchengco holding company, House of

IGNACIO BUNYE

Investments, up to 51 percent, and Ayala Corporation, up to 33.5 percent.

The merger will result in an education powerhouse of over 24,000 students in K-12, college and graduate school.

NTC was founded in 1928 and was the Philippines’ first higher education institution to offer collegiate programs dedicated to teacher education. NTC’s performance in licensure examinations is consistently above the national average. NTC also offers courses in accountancy, business, hospitality, tourism management, IT, library science and psychology.

APEC Schools was established in 2013 with the vision of providing affordable, quality private education to Filipino high school students. In 2021, Google recognized APEC Schools as a Google Reference School, the first and only one in the Philippines.

Promote Social Justice Not ELCAC

In the book, “The Little Prince,” it was amazingly said, “only through the heart that one can see clearly, what are essentials are invisible to the eye.” This truism can be well attested by 1st Lit. Jerome Jacuba, the Chairman of the Wounded Soldiers Cooperative with some 120 members who became disabled in doing their duties bravely as soldiers in the World’s 2nd longest war, “The Mindanao War.” Chairman JJ as I call him is a brilliant brave military official who became totally blind four years ago when a bomb exploded in an encounter in Maguindanao. As he was recovering then in VLuna Hospital, no less than then Commander-In-Chief President Rodrigo Roa Duterte visited and even embraced him with tears in his eyes.

A year after that incident, the wounded soldiers who now belong to PWDs (Persons with Disabilities) were organized into a cooperative ked by no less than Chairman JJ who became a good friend whom I brought along with me when I visited the cooperatives of the internallydisplaced- persons (IDPs) in Marawi during the Marawi Siege in 2018 as I was then the USEC/ Chairman of the Cooperative Development Authority until 2021. Some of these participants of the Summit were former combatants either of the MNLF or MILF who are now organized into cooperatives but once were in combat with the military where 1st Lt. Jacuba was leading. This time, they belong to one family, the cooperative family.

In that Cooperative Summit attended by thousands of formers MNLF/MILF combatants, I requested Chairman JJ to give the Closing Remarks and I was so amazed by his speech when he

said, “BEFORE WHEN I HAVE EYES, I COULD NOT SEE; TODAY THAT I AM BLIND, I CAN SEE THAT THE WAR IN MINDANAO CANNOT BE STOPPED THROUGH GUNS, BOMBS OR BULLETS BUT THROUGH COOPERATIVISM. ANG PROBLEMA PALA AY KAHIRAPAN AT SOCIAL INJUSTICES AT ANG PANGLABAN AY HINDI BARIL O BALA KUNG HINDI ANG PAGKAKAISA PARA LABANAN ANG GAMOT NG KARIHAPAN.”

Yes, Chairman JJ maybe physically blind but not socially, environmentally, economically, politically and more so, spiritually.

What is even more amazing is that Chairman JJ and all the wounded soldiers are now being assisted by the cooperatives under the “Koop Kapatid Program” to regain hope and to fight another “war,” this time against poverty, inequities and social injustice. The cooperative of the wounded soldiers through the Cooperative Kapatid Program has now been drawn into development processes and programs, even running a Training center in Batangas.

Through cooperativism, there are a lot to see and to discover. Indeed, we are living in a world that is changing profoundly, where extra ordinary phenomena are becoming ordinary: deepening inequality, decline in social justice, ecological turbulence due to climate change and recently, violent extremism that had put to center stage a Filipino suicidal bomber. There is apparently a dysfunction of the present development model that is growth at all cost that is likened to a giant off balance. So as not to fall, it has to run and in running,

it steps on communities , forests, seas, rivers, agricultural lands and even on people themselves, leaving havoc on its path.

Yes, there are a lot to see, to reflect upon and to understand socio-economic environmental realties. We must “see” that we have lost our ecological integrity and security because we have allowed a few greedy loggers and miners to massively exploit our natural resources. I have heard that a logger in the past could earn as much as three hundred sixty million pesos in just one shipment of logs.

Yes, the relevance of cooperativism is now being seen during these most challenging times to democratize wealth and power in a highly skewed societal order. In fact, as the wounded soldiers formed their own cooperative, they are joining people from all walks of life now numbering more than 20 million members. They now see that the only way to draw the marginalized sectors into the development processes is to harness their collective spirit, to pool their resources together, although how meager, to fight poverty and hunger.

Yes, the people from all walks of life are now serving notice to one and all that they have awakened and will not allow anymore poverty, corruptions, apathy and deceits. Enough of the selfish pursuit of instant wealth, power and self-aggrandizement. It is time for collective action to unfetter the people from the vicious cycle of economic difficulties.

Welcome 1st Lt. JJ to the world of cooperativism. You have bravely fought a war in Mindanao, giving up your eyes and was even willing to give up your life so that others may live.

Indeed, what greater love there is than one brave soldier willing to die so that others may live! To you dear Chair JJ , our firm salute and warm embrace.

Chairman JJ and the courageous wounded soldiers have shown that indeed the way to stop rebellion is not through guns or bullets but by uprooting the root cause of insurgency. It is painful to note that while our health centers don’t have sufficient medicine, our pupils are without educational materials and the aged, the persons with disabilities and those in the margins are not well assisted by DSWD for lack of budget, yet the ELCAC fund has ballooned to tens of billions. Such gargantuan budget should instead be used to uproot the root causes of war by drawing those in the margins into the mainstream of development processes to end poverty and promote social justice. No less than the Constitution has declared that “the State shall promote social justice in all phases of national development.”

Such is the categorical mandate of the cooperatives as declared in Chapter 15, Art. 12 of the 1987 Constitution as now being exemplified by chairman JJ and the wounded soldiers cooperative.

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PAL opens more nonstop flights to West Australia

FLAG carrier Philippine Airlines (PAL) said on Wednesday that it will launch regular services between Manila and Perth, the capital of Western Australia, starting in March next year.

PAL said it aims the move to link the Philippines and Western Australia with nonstop flights.

“The new PAL direct

EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE LATE SPOUSES LUCIO

ROBANTE AND ERLINDA C. ROBANTE

That the late ERLINDA C. ROBANTE, who died on May 14, 2019 at Cagayan de Oro City, and the late LUCIO ROBANTE who died on August 10, 1989 at San Fernando City, La Union without any will. That ERLINDA C. ROBANTE, at the time of her death, left five (5) parcels of land with: 1.) TCT No. 1372017004721 with an area of 2,774 sq.m. more or less located at Barangay Indahag, Cagayan de Oro City, Island of Mindanao, Philippines, 2.) TCT NO. 137-2017004720 with an area of 2,774 sq. m. more or less situated at Barangay Indahag, Cagayan de Oro City, Island of Mindanao, Philippines, 3.) TCT NO. 137-2017004722 with an area of 2,774 sq.m. more or less situated at Barangay Indahag, Cagayan de Oro City, Island of Mindanao, Philippines, 4.) TCT NO. 137-2017004724 with an area of 2,773 sq. m. more or less, situated at Barangay Indahag, Cagayan de Oro City, Island of Mindanao, Philippines, 5.) TCT NO. 137-2017004723 with an area of 2,774 sq.m. more or less situated at Barangay Indahag, Cagayan de Oro City, Island of Mindanao, Philippines. And has been the subject of an EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE THE LATE SPOUSES LUCIO ROBANTE AND ERLINDA C. ROBANTE, filed by the heirs SPOUSES LUCIO ROBANTE AND ERLINDA C. ROBANTE. As Per Doc No. 313; Page No. 64; Book No. 13; Series of 2021 under the Notarial Registry of ATTY. OWEN S. MARCIAL. BWM Dec. 12, 19 & 26, 2022

Back...

from page 3 to the national budget since 2018.

They also cited the direct and indirect benefits of the MWF that include increased investments in infrastructure projects, countryside development, and increased access of future generations to income from investments in potential earnings from extracted natural resources, such as mining. “In the near and medium term, a sovereign wealth fund will enhance our fiscal space and reduce fiscal pressures as the fund pursue public infrastructure projects, as well as reduce uncertainties in cases when fund resources are channeled to high-yielding financial undertakings and assets that are underinvested in today’s environment of high global inflation and the lingering effects of the Covid-19 pandemic,” the economic managers said.

They thus called for the immediate passage of the proposed measure, noting that “this will redound to growth and help us achieve our economic transformation towards inclusivity and sustainability.”

“Let us not delay economic progress. Let us not deprive our people of this opportunity for prosperity,” they said. (PNA)

flights will allow travelers to reach Perth in just seven hours, saving them four to six hours in travel time compared to flying via other airlines that require a stopover and flight connections in a third country,” it said in an e-mailed statement.

PAL’s Perth-Manila services will operate every Monday, Thursday, and

EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH DEED OF ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:

That the late SPOUSES TERESITA G. SAMBAAN & VENUSTICO P. SAMBAAN, who died on 21 September 2013 and 10 February 2021 at NMMC, Cagayan de Oro City and Canitoan, Cagayan de Oro City respectively, they left a parcel of land with TRANSFER CERTIFICATE OF TITLE NO. 118634, situated in the Barangay of Canitoan, City of Cagayan de Oro, Island of Mindanao, containing an area of TWO HUNDRED FIFTY FIVE (255) square meters more or less; and has been the subject of EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH DEED OF ABSOLUTE SALE. That for and in consideration of the sum of PESOS: THREE HUNDRED THOUSAND (PHP300, 000.00) ONLY, Philippine Currency, receipt of which in full is hereby acknowledged by the abovenamed HEIRS/VENDORS from the VENDEES, to their full content and satisfaction, we the HEIRS/VENDORS, hereby SELL, CEDE, TRANSFER and CONVEY unto the VENDEE, her assigns and successors-in-interests, the above-described parcel of land including all the improvements existing thereon; filed by the heirs of SPOUSES TERESITA G. SAMBAAN & VENUSTICO P. SAMBAAN. As per Doc No. 306; Page No. 62; Book No. LXII; Series of 2021 under the Notarial Registry of ATTY. GEORGINA P. SUMICAD-HUERBANA.

BWM Dec. 12, 19 & 26, 2022

AFFIDAVIT OF CLAIM WITH WAIVER OF RIGHTS

NOTICE is hereby given that MOCAMMAD M. RAKIIN, who died on 03 January 2022. Likewise, we further state under pain/penalty of perjury, punishable by imprisonment under the Revised Penal Code, that we do not know any other heirs of the decedent; further, decedent does not have any known debts or obligations unpaid at the time of his/her death. At the time of his death, he left Savings Deposit Account with the Philippine Veterans Bank – 0023 Cagayan de Oro Branch under Savings Account No. 0023-373986-100 with a balance of Php 302, 425.96. Is the subject of AFFIDAVIT OF CLAIM WITH WAIVER OF RIGHTS, made an entered by and among RASLANI S. RAKI-IN, RAKIL-ALI S. RAKI-IN, ROHAYNE S. RAKI-IN, MOCAMAD S. RAKIIN, JR., and ROHANNIE R. DEROGONGAN, MARAMANAI S. RAKI-IN all of legal age, Filipino, and residents of Rakiin Residence, Basak Malutlut, Marawi City, after having been duly sworn in accordance with law, hereby depose and state, that: We are the only surviving heirs of the deceased depositor, MOCAMMAD M. RAKIIN. We hereby request the East West Bank free and harmless from any claim/suit that may be brought against it by reason of the release of the said amount in favor of MOHAMMAD SHEDDICK L. RAKI-IN and we hereby undertake to indemnify the said bank in the event it suffers damages should any heir or creditor subsequently claim deprivation of any rights by virtue of this release statement. As Per Doc No. 893; Page No. 176; Book No. II; Series of 2022 under the Notarial Registry of ATTY. DADELLES L. MACAAN.

Nov. 28, Dec. 5 & 12, 2022

Saturday starting March 27, 2023. Perth is the carrier’s fourth Australian gateway, joining Sydney, Melbourne, and Brisbane.

Philippine Airlines President and Chief Operating Officer Captain Stanley K. Ng said: “The new nonstop flights give Philippine Airlines and travel partners a great opportunity

to promote the Philippines as a prime tourist and business destination for travelers in Western Australia.”

“Likewise, we invite Filipinos to do business in Perth or visit family members while discovering this dynamic Australian region and building new friendships,” he added.

Perth Airport Chief

Executive Officer Kevin Brown said the initiative is a “win for Western Australia business, tourism, and exports.”

“This exciting new route will inject more than 52,000 seats into the market each year. We’re keen to see more Filipino students choose to study in Perth to help the education sector as well as

our tourism and hospitality markets. The same is true in reverse,” he noted.

According to Philippine Ambassador to Australia Ma. Hellen B. De La Vega, the Philippines has a “strong relationship” with the State of Western Australia given its trade, investment, and people-to-people connections.

SEC warns public vs OTCJKE, APower

THE Securities and Exchange Commission (SEC) has warned the public against the illegal solicitation of two investment-taking entities — OTCJKE and APower Power Bank Sharing Solution, OPC (APower).

In an advisory on Wednesday, the SEC said that APower — which also uses the names APower Pro, APower PH and APower Power Bank — has been enticing the public through social media and websites to invest in the company.

Invited investors must first register and choose from 15 advertising charging stations that range from P500 to P1 million.

Investors are promised to earn P12.50 to P120,000 daily or P375.12 to P3.6 million monthly.

“Investors can earn 10% from recharge commission and 10% up to 30% from product commission,” the SEC said.

In a separate advisory, the SEC said that OTCJKE, which also operates as OTC Automated Trading Platform and JKE International Ltd., has been

AFFIDAVIT OF CLAIM WITH WAIVER OF RIGHTS

NOTICE is hereby given that MOCAMMAD M. RAKIIN, who died on 03 January 2022 . Likewise, we further state under pain/penalty of perjury, punishable by imprisonment under the Revised Penal Code, that we do not know any other heirs of the decedent; further, decedent does not have any known debts or obligations unpaid at the time of his/her death. At the time of his death, he left Savings Deposit Account with the LANDBANK OF THE PHILIPPINES – MARAWI BRANCH under Savings Account No. 1261-2519-10 with a balance of Php 289,091.89. Is the subject of AFFIDAVIT OF CLAIM WITH WAIVER OF RIGHTS, made an entered by and among RASLANI S. RAKI-IN, RAKIL-ALI S. RAKI-IN, ROHAYNE S. RAKI-IN, MOCAMAD S. RAKIIN, JR., and ROHANNIE R. DEROGONGAN, MARAMANAI S. RAKI-IN all of legal age, Filipino, and residents of Rakiin Residence, Basak Malutlut, Marawi City, after having been duly sworn in accordance with law, hereby depose and state, that: We are the only surviving heirs of the deceased depositor, MOCAMMAD M. RAKIIN. We hereby request the East West Bank free and harmless from any claim/suit that may be brought against it by reason of the release of the said amount in favor of MOHAMMAD SHEDDICK L. RAKI-IN and we hereby undertake to indemnify the said bank in the event it suffers damages should any heir or creditor subsequently claim deprivation of any rights by virtue of this release statement. As Per Doc No. 893; Page No. 176; Book No. II; Series of 2022 under the Notarial Registry of ATTY. DADELLES L. MACAAN. BWM Nov. 28, Dec. 5 & 12, 2022

representing itself as a high-frequency trading encryption platform.

Investors of OTCJKE are promised 3% to 8% daily earnings, which can supposedly be withdrawn anytime through a cryptocurrency wallet or GCash.

Interested individuals are required to download OTCJKE’s application to register and create an account.

They will then be asked to deposit money in US dollars through Binance or GCash.

Once done, investors will be able to start using the company’s mining bot on which their income would depend. Investors can deposit $10 to $2,000 and earn $0.36 to $120 a day. New accounts were also told to receive an extra two dollars after three days.

According to the SEC, although APower is registered as a one-person corporation, it is still not authorized to solicit investments from the public under the Securities and Regulation Code.

Meanwhile, the regulator said OTCJKE is not registered with the commission either as a corporation or a partnership and is also not authorized to solicit investments.

“Hence, the public is advised not to invest or stop investing in any investment scheme being offered by any individual or group of persons allegedly for or on behalf of and to exercise caution in dealing with any individuals or group of persons soliciting investments for and on behalf of it,” the commission said.

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Editor: GILBERT Y. CHAO

Sagot ni Juanhand ang AllYear round Electric bill mo!

Determined to go out on a limb, JuanHand prepared an exciting surprise that will surely excite the interest of a lot of its users. They organized a promotional campaign called “SAGOT NI JUANHAND ANG ALLYEAR ROUND ELECTRIC BILL MO!” which was launched this December 5, 2022. As part of its collaboration with Lazada, customers who apply for a JuanHand loan through the Lazada app and are among the first 5 to be approved will receive a Lazada Gift Card worth 60,000 pesos to cover their all-year round electricity bill.

Joining the promo is just as easy as follows:

1. Go to Lazada, click “Lazada Wallet” & go to "Loans".

New...

from

Body),” Galvez said in a press conference at the Malacañan of the South in Davao City on Thursday.

OPAPP stands for the Office of the Presidential Adviser on the Peace Process, the old name of OPAPRU.

Galvez said the IGRB is one of the major components in implementing the Comprehensive Agreement on the Bangsamoro with the Moro Islamic Liberation Front.

The 22-member IGRB is an “institutional mechanism created under the Bangsamoro Organic Law that enhances the cooperation, increases coordination, and greater convergence between agencies of the BARMM and the National government.”

BARMM comprises the provinces of Maguindanao del Norte, Maguindanao del Sur and Lanao del Sur in the mainland and the island provinces of Basilan, Sulu and Tawi-tawi, the cities of Marawi, Lamitan and Cotabato and 63 villages in six North Cotabato towns that voted for inclusion in the BARMM in February 2019. Map courtesy of the BARMM website.

Bangsamoro Education Minister Mohagher Iqbal said BARMM’s contribution to the national development is to make sure that the regional government functions efficiently.

He said several issues were discussed during the meeting of the IGRB members here, including “bilateral decisions” between the national government and Bangsamoro.

He, however, refrained from disclosing the details of the discussion pending signatures of the chairs of the body.

Budget and Management Secretary Amenah Pangandaman, IGRB co-chair, added that they

2. Apply for a loan by choosing "JuanHand" as the partner lender. (User may use this link to be directed at Lazada Loans: https://s. lazada.com.ph/s.ggL9Y)

3. If you are one of the first 5 successful loaners

agreed to convene the rest of the intergovernmental bodies before the end of this year.

Aside from Galvez, the IGRB members from the national government include Special Assistant to the President Sec. Antonio Ernesto F. Lagdameo, Jr., Finance Sec. Benjamin F. Diokno, Interior and Local Government Sec. Benhur C. Abalos, Jr., Defense Sec. Jose C. Faustino, Jr., Public Works and Highways Sec. Manuel M. Bonoan, Energy Sec. Raphael P.M. Lotilla, Agriculture Senior Undersecretary Domingo F. Panganiban, Transportation Sec. Jaime J. Bautista, Economic and Development Authority Sec. Arsenio M. Balisacan.

For the BARMM, the members are Speaker of the Bangsamoro Parliament Ali Pangalian M. Balindong, Senior Minister MP Abdulraof A. Macacua, Cabinet Secretary Mohd Asnin K. Pendatun, Finance, Budget and Management Min. Ubaida C. Pacasem, Interior and Local Government Min. Naguib G. Sinarimbo, Social Services Min. Raissa H. Jajurie, Public Works Min. Eduard U. Guerra, Agriculture, Fisheries, and Agrarian Reform Min. Mohammad S. Yacob, Environment Min. Akmad A. Brahim, and Transportation and Communications Min. Paisalin C. Tago.

Lagdameo said Marcos had given instructions to provide assistance to operationalize all mechanisms for integration of BARMM with the rest of the Philippines.

“Whatever is needed by BARMM, we will try to put it all together. His instructions are to make sure we can facilitate this and make sure we finish this as soon as we can,” he added.

He said the President is looking forward to a better relationship between BARMM and the national

during the campaign period, you will win Lazada Gift Cards equivalent to Php 60,000 for your All Year Round Electric Bill.

4. Watch out for the formal announcement of winners on the JuanHand

government.

“Rest assured, we are backing up everyone here. We are here to assist and we are here to help,” he said.

Facebook page.

5. Lucky winners will be contacted by JuanHand Customer Service.

Users of JuanHand may already have their entire year's worth of electricity bills paid by

economy with their investments in the region, former BBOI chairperson Ishak Mastura said in a previous interview.

simply following the 5 simple promo steps. The promo duration runs from December 5 - 14, 2022, so better keep track of JuanHand to join and win in this exciting promo campaign.

Applying for a loan from JuanHand is undoubtedly preferable because it has several advantages in addition to the reward that you can receive during the promotional period.Those who are interested only need to upload one valid government issued ID on the application and they can already borrow up to 15,000 pesos which can be approved in as fast as 5 minutes only. Additionally, they are SEC registered, thus its credibility is unquestionable.

JuanHand never plans to put the brakes on anytime soon, so if you want to get wind of a lot of amazing surprises, don’t forget to visit their website and like, follow and subscribe on their social media accounts.

about 5 km. from the town center of Bongao, the capital of TawiTawi.

The output of the 8-megawatt (MW) diesel power plant will supply electricity to the Tawi-Tawi Electric Cooperative with a total expansion cost of P75,554,881 and will generate 48 job employments, both direct and indirect.

“The P1.3-B total approved investments for this year indicates the improving investment environment in the region and the economy is humming back to life with industry conditions becoming stable,” Mohamad Omar Pasigan, newly appointed BBOIBARMM chairperson, said in a statement Saturday.

Pasigan said the registered investment projects would enjoy fiscal incentives, such as an income tax holiday and reduced duties and tariffs for the import of capital equipment, dispensed by the BBOI-BARMM under the Corporate Recovery and Tax Incentives for Enterprises law.

“KREC is recognized as the New Power Producer in Mindanao. We hope that with this registration, more investors of energy will put up their investments in BARMM,” Pasigan said.

“Investing in the region is safe and profitable and the BBOI is committed to guide and attend to the needs of our clients from the beginning to every step of the way,” he said.

Over the past three years or since the creation of BARMM, the region has generated a total of P8.1 billion worth of investments.

Despite the pandemic, local investors were boosting the

BBOI data showed that P4.1 billion worth of investment was logged in 2019; P114 million in 2020; P2.8 billion in 2021; and P1.3 billion this year, with 5,704 workers employed.

Mastura, a lawyer and Bangsamoro Transition Authority member of parliament, said BBOI investment approvals peaked in the first year but plummeted the following year due to the pandemic.

BARMM’s largest industry investor is in the banana industry and agriculture with 65.13 percent or P4.5 billion worth of investments.

Other industries are sand and gravel with P1.4 billion worth of investment, community Internet service providers (P14 million), oil extraction and gas exploration (P998 million), tourism (P398), halal certification (P49 million), and hotel and restaurant (P100 million). (PNA)

representation, Acosta is optimistic about the expansion of the good reputation of the Philippines in the ranks of the nations.

“And we recognize the ambassadors’ role in promoting our rich culture, history, and tradition; our unique products, and various places for investments and international partnerships, as well as for tourism,” she added.

Highlighted during the event was the support to various initiatives that will facilitate the strengthening of ongoing trade and investment agreements and cooperation with other countries, and the promotion of Mindanao’s economic potential and investment opportunities to the rest of the world. (PNA)

of persistent supply-side pressures on inflation,” it added. (PNA)

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Bankerohan Public Market in Davao City.

This was also attended by members of the Monetary Board, who held their regular meeting that week in the BSP Mindanao Regional Office.

Paleng-QR Ph, a joint initiative of the central bank and the Department of the Interior and Local Government, aims to allow the use of digital payments in public markets and public transportation services.

“I’m honored to be here today as we launch the Paleng-QR Ph program in Davao City, which will hopefully be the launchpad [to expand cashless payments] for the rest of Mindanao. We have to start where the chances of success are greatest,” BSP Governor Felipe M. Medalla said in his message at that event.

for Brunei Darussalam – Indonesia – Malaysia –Philippines East ASEAN Growth Area (BIMP-EAGA) and Mindanao’s arm for international cooperation, has been requested by DFA Manila – Office of International Economic Relations and DFA Mindanao to co-organize the visit of the Ambassadors.

“This is our collective duty as we respond to the call of President Ferdinand Marcos Jr. to bring back the Philippines to the highest pedestal of international representation,” Acosta said.

With the Ambassador’s

weather-related disturbances and supply disruptions in key food commodities such as sugar and meat, as well as pending petitions for transport fare hikes, were also identified as upside risks to the inflation outlook in the latest round,” it added. These factors are expected to be countered by the effects of weaker-than-expected global economic recovery. The BSP said its policy-making Monetary Board (MB) “will continue to assess the country’s inflation outlook and macroeconomic prospects in its monetary policy meeting on 15 December 2022.” “The BSP remains prepared to take all further monetary policy actions necessary to bring inflation back to a target-consistent path over the medium-term.

The BSP is also reassured by the timely implementation of non-monetary government measures to mitigate the impact

Davao City is the second local government unit to unveil the Paleng-QR Ph program following Baguio City in August.

local governments, sports associations, event organizers and private companies that have played a significant role in the rapid growth of the sports tourism industry.

Cebu Pacific was the only airline in the Philippines to offer flights to all above athletes with an option to share the gift of travel with their families, friends, and working team. This allowed them to fly across CEB's widest domestic and international destinations network, in line with the airline’s commitment to make travel accessible for everyJuan.

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Cebu Pacific bags PSTA's Airline of the Year

December 6, 2022, Pampanga - Cebu Pacific (PSE: CEB) was named Airline of the Year 2021 by the Philippine Sports Tourism Awards (PSTA), in recognition of its outstanding support for the country's Sports Tourism industry in the year 2021.

CEB, the Philippines' leading airline, supported the Philippine delegation during the 2020 Tokyo Olympics and Paralympics.

CEB gifted all 19 Philippine Olympians and 6 Paralympians with free flights. Coinciding with Cebu Pacific's 25th anniversary celebration, the airline went above and beyond by providing all Philippine delegates with 26 free flights to celebrate the airline's 25 years of allowing every Juan to fly.

"We are very honored to be the recipient of this award. We want to dedicate this to our Philippine delegates who brought so much pride

and honor to our country. And as the leading carrier in the Philippines, we hope to maintain our impact in boosting the sports tourism industry in the Philippines," said Cebu Pacific's Corporate Social Responsibility Specialist, Roxanne Gochuico, who accepted the award on behalf of the airline in a ceremony held at the Quest Plus Hotel in Clark.

Philippine Sports Tourism Awards is an annual event organized to acknowledge and honor exceptional efforts made by industry players and gives due recognition to sports events, destinations, venues,

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