BusinessWeek Mindanao (December 26-27, 2022)

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Dec. 26 is non-working holiday

PRESIDENT Ferdinand R. Marcos Jr. has declared Dec. 26 this year a special non-working day throughout the country to “give the people the full opportunity to celebrate the holiday with their families and loved ones.”

Marcos made the declaration through Proclamation No. 115, according to a news release from Malacañang.

“A longer weekend will encourage families to get together and strengthen their relationship towards a more productive environment, and will promote tourism,” the proclamation read.

P130B tourism receipt

THE country's tourist receipts have reached P130 billion while arrivals climbed to more than 2.39 million, the Department of Tourism (DOT) reported Thursday.

Tourism Secretary Christina Frasco said the easing of travel restrictions and health protocols had contributed to the high tourism revenues amounting to $2.34 billion or P130.59 billion as of October 31.

Foreign travelers, meanwhile, reached 2,397,919 as of Dec. 15, 2022, the top visitors of whom are from the United States with 447,278, followed by South Korea with 374,097, Australia with 118,228, Canada with 109,041, and the United Kingdom with 90,196.

Foreign workers

DAVAO City – The Department of Labor and Employment in Davao Region 11 (DOLE-11) has issued 493 Alien Employment Permit (AEP) to foreigners this year. In a statement Thursday, DOLE-11 chief Randolf Pensoy said they have strictly enforced employment regulatory services on the issuance of AEP to protect the welfare of Filipino workers and address possible cases of foreigners illegally working in the region. AEPs are issued to foreigners intending to work with a Philippines-based employer for more than six months under Article 40 of the Labor Code, as amended.

PH is 'world's best' country destination

THE Philippines was voted anew as the "world's best country tourism destination" in the 2022 Uzakrota Global Travel Awards, cementing its position as a top-of-the-mind travel spot even during a pandemic.

The country bested all other countries nominated with 721 votes, bagging the award for the second time since it held the title in 2020.

The initiative was led by the Turkish travel organization Uzakrota Global, which also recognized Malaysia and the Dominican Republic as the world's top two and three, with 523 and 459 votes, respectively.

Aside from the Uzakrota awards, the country also picked up 13 recognitions in all categories available at Scuba Diving's 2023 Readers' Choice Awards by US-based Scuba Diving Magazine,

including the top honors for Shore Diving.

"As the international accolades for the Philippines continues to grow, so too the role of tourism as an engine of the Philippines' economic growth under the administration of President Ferdinand Marcos Jr., whose prioritization of tourism has brought much optimism and hope for the industry," Tourism Secretary Christina Frasco said Thursday.

"These awards reflect the global traveling public's vote of confidence and enthusiasm for our country

Davao City eyed as Asia’s preferred MICE destination

DAVAO City will host the Philippine meetings, incentives, conventions and exhibitions conference (MICECON) in March 2023, setting the stage for the hardhit sector's gradual recovery after the pandemic.

A memorandum of agreement between the Tourism Promotions Board (TPB) and Davao City on Dec. 22 was signed to formally task the city as the venue for next year's conference.

“We strongly believe and

claim that Davao's hosting of the MICECON will provide a tremendous boost to the city's tourism industry and a huge step towards its own vision of making Davao a preferred MICE destination not only in the Philippines but in Asia," said TPB Chief Operating Officer Maria Margarita Nograles.

"[W]e are very excited to make this happen with the ardent support of the City Government of Davao, under Mayor Sebastian Duterte, who

recognizes the massive role that MICE tourism could play not only for Davao as the host city, but it will also contribute a direct positive impact to our country’s economic returns," she added.

The city government, for its part, expressed full support and cooperation for the conference to be held from March 1 to 3, 2023.

"Meetings, Incentives, Conventions, and Events are a great help to the tourism

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RUSHING HOME FOR CHRISTMAS. Passengers flock to the Davao City Overland Transport Terminal on Friday, December 23, 2022. Thousands of travelers head back to their hometowns just in time for Christmas Day. MindaNews Photo COMMUNITY CHRISTMAS. After two years in the doldrums due to the Covid-19 pandemic, Christmas activities in the barangays are back, such as the Miss Gay beauty pageant at the village Christmas park in Tugbungan, Zamboanga City held on December 21, 2022. MindaNews photo by JULES L. BENITEZ

Index crime in Davao Region down by 13%: PRO-11

DAVAO City – Davao Region’s index crime rate this year decreased by 13 percent compared to 2021, the regional police office (PRO11) said Friday. Index crimes pertain to crimes against person and property, such as murder, homicide, physical injury, carnapping, and rape. Non-index crimes, on the other hand, are violations of special laws such as illegal logging or local ordinances. Major Eudisan Gultiano PRO-

11 spokesperson, said 1,395 index crime cases were recorded this year compared to 1,610 cases in 2021. The total number of crime incidents also fell by 23 percent, she added. “This year’s non-index crime recorded at 23,569 is also significantly lower than the 31,753 recorded last year,” Gultiano said in a statement. In addition, the police official noted a 97.3 percent crime clearance efficiency rate

for this year. Gultiano said PRO-1 conducted 2,161 operations during the period that resulted in the seizure of some P42.5 million worth of illegal drugs, and the confiscation of 1,200 loose firearms. At least 2,588 wanted persons were also arrested in 2,161 police operations in the region this year. “It is (a) proof of the success of the police force’s relentless anticriminality operations in the region,” Gultiano said. (PNA)

Grassroots innovation in AgNor wins int’l award

BUTUAN City – An invention by an Agusan del Norte resident won an international award during the 3rd ASEAN (Association of Southeast Asian Nations)India Grassroots Innovation 2022. In a statement on Thursday, the Department of Science and Technology

in the Caraga Region (DOST-13) said the MultiPurpose Fiber Stripper of Pablo Petalcorin was awarded 1st runner-up during the grassroots innovation competition in Cambodia on Dec. 1921. DOST-13 said the event in Phnom Penh served as

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DECISION MAKING IN AN ORGANIZATION

I am struck with the adage that the success of every undertaking lies greatly on the preparation. In preparation, decision making on what to do ahead is very crucial and along the process of deciding things, there are considerable traps that could influence the decision to make.

With my experience as school leader, decision making is the top list skill I should possess. I need to be wise enough in deciding things in order to prevent conflict among the teachers. I realize that there are plenty of untoward things to happen in a small organization if wrong decision is made how much more in big organization. This makes me reflect and whether I pursue the administrative position or not. Based on

the concepts I learned from my graduate studies subjects and from some reading materials on decision making, there are truly plenty of traps that could affect our decision. These traps could either help us in making the correct decision or not. Leaders should not be quick enough in deciding things. However, in times of emergencies, when the lives of the people in the organization are at stake, leaders should make a quick yet wise decision.

Life truly needs a lot of decision making. Along the process of making decisions – plenty of traps may influence us but with careful assessment and help from the people around and the guidance of the Almighty God we can truly make the correct decision.

a venue for government leaders, grassroots innovators, the academe and students to promote innovations in science and technology. “The event strengthened entrepreneurship in science and technology innovations as it was also participated by the business sector," it said. Sharing experiences and best practices on grassroots innovation was also facilitated among the participants during the event. Seminar sessions and exhibitions of grassroots innovations were also featured during the gathering. DOST-13 assured it will work further to strengthen grassroots innovations by encouraging groups and individuals, including the students, to pursue and develop science and technology inventions at the local or community levels. (PNA)

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.

CAGAYAN DE ORO MAIN BRANCH P & Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011 CDO MAIN BRANCH P & Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd.,Cagayan de Oro City Tel. # (088) 231-2011 LocaL MON-TUE | DECEMBER 26-27, 2022 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos.
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EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE LATE SPOUSES LUCIO ROBANTE AND ERLINDA C. ROBANTE
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Fitch sees challenges for banks in emerging markets next year

FITCH Ratings said Wednesday it expects challenges for banks in emerging markets during 2023 due to a difficult macroeconomic environment.

"Slower economic growth, high inflation and weaker currencies will impair some borrowers’ repayment capacity and pressure banks’ asset quality," the rating agency said in a statement.

"Higher rates and margins will support banks’ revenues, but higher-for-

longer rates will also weaken some borrowers’ ability to service debt and in some markets will stress sovereign credit profiles, also negatively affecting banks," it added.

Fitch warned that further interest rate increases can also drive losses on emerging market banks' securities books, offsetting margin gains.

Many central banks in emerging economies have been adopting monetary tightening policies since the beginning of this year to

take control of record-high inflation in their countries.

The coronavirus pandemic has left banks in emerging markets holding record levels of government debt, according to the International Monetary Fund (IMF).

The average ratio of public debt to gross domestic product, which is a key measure of a country’s fiscal health, rose to a record 67 percent last year in emerging market countries, the IMF said in its Global Financial Stability

report in April.

While emerging market governments rely heavily on their banks for credit, these banks rely heavily on government bonds as an investment that they can use as collateral for securing funding from the central bank, according to the IMF.

Emerging market banks have provided most of the credit, driving holdings of government debt as a percentage of their assets to a record 17 percent in 2021. (Anadolu)

TDF yields track uptrend in central bank's policy rates

DEMAND for the Bangko Sentral ng Pilipinas’ (BSP) term deposit facility (TDF) remained strong although yields again rose on Wednesday.

The average rate of the seven-day facility rose to 6.2466 percent from 6.1395

percent during the auction last Dec. 14.

The average rate of the 14-day TDF increased to 6.3323 percent from last week’s 6.2471 percent.

The BSP lowered the offer volume for both tenors and tenders exceeded the

offering.

Bids for the sevenday facility amounted to P179.272 billion, higher than the P150 billion offer, which was lowered from last week’s P160 billion.

The auction committee made a full award.

Tenders for the twoweek TDF reached P147.112 billion, surpassing the P110 billion offer, which was reduced from last week’s P160 billion. This tenor was also fully awarded.

In a statement, BSP

Court convicts former bank exec for creating fake loans

A FORMER rural bank officer was sentenced to a year of imprisonment for creating fake loan accounts in a financial statement submitted to the Bangko Sentral ng Pilipinas (BSP) for which the executive pleaded guilty.

In a statement on Wednesday, the BSP said: “The Municipal Circuit Trial Court of Carmen-Sto. Tomas-Braulio E. Dujali of Davao del Norte convicted

LGUs’

a former officer of the now-closed Rural Bank of Sto. Tomas (Davao), Inc. for violating Section 35 of Republic Act (RA) No. 7653 (The New Central Bank Act).”

borrowing applications

drop 65% at end-Nov.

LOANS sought by local government units (LGUs) fell by 65.42% as of endNovember, the Bureau of Local Government Finance (BLGF) reported.

Loan requirements of LGUs reached P31.06 billion in the 11-month period, lower than the P89.83 billion posted in the same period a year earlier.

Based on charges filed by the central bank, the court convicted Rosele R. Solis for creating several dummy loan accounts in the bank’s Financial Reporting Package-Balance Sheet as The certifications are a leading indicator for the borrowing intentions of local governments, whose capacity for taking on debt must be certified by the BLGF, a unit of the Department of Finance.

In the 11 months ended November, LGUs’ total borrowing capacity was

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opinion

Opportunities and challenges in Philippine-China relations

Last Dec. 12, 2022, 17 scholars from the Philippines and China gathered at the Ateneo de Manila, Leong Hall to discuss “Philippine-China Relations: Opportunities and Challenges” the relationship offers to the two Asian nations. This is a brief on what transpired.

I attended in behalf of the think tank Asian Century Philippines Strategic Studies Institute (ACPSSI) to listen and observe, and ask questions, to all of the speakers, particularly the Chinese scholars Dr. Dai Fan, Dr. Yan Yan and Dr. Li Yuanxin.

The Chinese scholars who are worthy of special mention here as they are rare scholarvisitors from China and come respectively from Jinan University and its Center for Philippine Studies, the National Institute for South China Sea Studies and Nanjing University of Science and Technology.

At this point I have to clarify something, Dai could not make it to the country and the symposium due to two very unexpected events, first a mix-up of his name with Interpol records of some fugitive followed by a bout of mild Covid while still in China. I kept in touch with Dr. Dai via WeChat.

Other speakers who were all very informative and profound were lawyer Engelbert C. Caronan Jr. of the Development Academy of the Philippines speaking of healing and cooperation through the heritage paradigm, followed by Ms. Ana GM B Abejuela of the Philippine Embassy in Beijing discussing the any fruits of the bilateral relations.

Dr. Marvin M. Cinense of the 22-years old Phil-Sino Center for Agri-Technology

(PhilSCAT) on the hybrid rice project of the two countries, Dr. Gezzez Glezi of UST on the Tourism Interconnection between the Philippines and China and expressing the aim of 1.8 million Chinese tourists for the year to come.

Dr. Aaron Jed Rabena of the APPPPFI on ChinaRP relations in the Duterte administration and its implications I thought was splendid, and Dr. Robin Michael U. Garcia of the UAP on the Evolution of Philippine Foreign Policy from Duterte to Marcos which was a mediocrity full of prattle against China.

The second panel was Dr. Diana J. Mendoza of the Ateneo on Phil-China relations on the BIMP-EAGA, Mr. Joshua C. Agpaoa of Jinan University on Philippine Independent Foreign Policy: roles and prospects on China-US Relations, and Mr. Lucio B. Pitlo III of the APPPFI on Big Powers Competition and Phil-China relations.

Panel III had Ms. Jane T. Yugioksing on New Chinese Migrants in the Philippines, Dr. Li Yuanzin on China’s image in Philippines media, Dr. Rommel Banlaoi on Sinophobia in the Philippines current state of the relations, Dr. Jan Robert R. Go of the U.P. on the Pandemic and Beyond: Lessons for Community Experiences from Quezon and Wuhan.

The final four were no less interesting but which I had to miss, Dr. Francisco V. Navarro of the Ateneo on Traditional Chinese Medicine and the Pandemic, and Dr. Arnusharief Hassiman of the House of Zhejiu on TCM: A Nurturing Pill of Sino-Fil Friendship. I had to miss the last four due to pressing matters across the

city. This article is not long enough to cover each and every presentation in detail so we will select the most informative and striking ones that open new insights into Philippine-China relations through the past to the present.

Particularly informative was Abejuela’s report from Beijing through Zoom enumerating and summarizing the many projects and trade prospects the Philippines is enjoying with China. PhilSCAT is really interesting as it has been around for over two decades and immensely benefits our rice agriculture wit hybrid varieties developed with Chinese technology.

Rabena gave a very detailed report on China’s concretely delivery on its commitments of funds and infrastructure projects citing the DavaoSamal Bridge, the Chico River irrigation dam, the Metro-Manila bridges over Pasig River and more in the pipeline. Agpaoa and Pitlo gave thorough and balanced coverage of Philippine foreign policy issues amidst the USChina face-off.

I want to put focus on the two power point presentations of the two present Chinese scholars, the first by Yan which identified and enumerated the many bilateral projects between the Philippines and China towards building understanding and cooperation.

Yan’s presentation is entitled “DOC 20 years and UNCLOS 40 years: A Review of China-Philippines Relations, Opportunities and Challenges. She goes through the decades of initiative that have stepby-step achieved the present

Marks of Maturity (Part 2)

Think a minute… It’s been said:”The human race has improved everything except the human race.” Sadly, some of us remain immature all of our lives, so we are almost like boys and girls living in adult bodies.

A major mark of maturity is self-control. And one of the hardest things for us humans to control is our tongue and words. We have tamed huge wild animals like elephants, whales, and lions, but we still have not tamed that little muscle in our mouth that can be a deadly weapon which hurts or even destroys relationships and reputations. “Words don’t break bones, just hearts.” So the first step is to think first. Stop and think about what you’re going to say. Is it true? Is it kind? Is it necessary?

The second step is to talk less. You have a far less chance of hurting others, and yourself, if your mouth is open less. Sometimes the best statement we can make is our silence. Remember the rule, “Less is more.” We can actually say more by talking less. Those who have the most to say usually say it with the fewest words.

Another mark of maturity is living controlled by your

life’s purpose and priorities, so you do not waste much of your time and life on merely temporary fun and leisure. Rather, you want to use your abilities, time and resources to make the lives of your family, friends and people around you better.

Mature people live for something greater than just themselves. They are givers, not takers. “At the end of our life, we will find that the only things we lost were what we tried to keep to ourselves.”

Strong, mature people do not need to have their own way to be happy. They understand that we receive more happiness from making others happy.

“We humans grow tired of the happiness we take, but never of the happiness we give.” It’s only when we give our life

December 19 was a red letter day in Muntinlupa City which marked its 105th anniversary as a municipality. On December 19, 1917, Governor General Francis Burton Harrison signed the proclamation separating Muntinlupa from Taguig, and making the latter an independent municipality. In various prior periods, Muntinlupa was a barrio of Biñan, in the province of Laguna. It later became a part of the province of Morong (now Rizal). Specifically, Muntinlupa became a barrio of Taguig.

In November 17, 1975, Muntinlupa and 16 other municipal entities, were carved out from the Province of Rizal to form the geographical unit known as Metropolitan Manila.

Muntinlupa marched, slowly at first, but later rapidly transformed itself from a 5th class municipality into a highly urbanized city. Muntinlupa achieved cityhood in March 1, 1995.

During the last few years, Muntinlupa has been the

consistent recipient of significant awards from government and civic groups. These include the Seal of Good Governance, Most Business-Friendly LGU, Good Financial Housekeeping and other awards recognizing Muntinlupa’s initiatives in economic, environmental, infrastructure, institutional and social development.

Mayor Ruffy Biazon, Congressman Jimmy Fresnedi, Vice Mayor Temy Simundac, City Council Majority Leader Raul Corro and the Muntinlupa Councilors led the day’s festivities with the inauguration in the morning of the new wing of the Ospital ng Muntinlupa (OSMUN). Incidentally, OSMUN, headed by Doc Edwin Dimatatac, recently started its school of medicine, in collaboration with the Pamantasan ng Lungsod ng Muntinlupa (PLMUN), headed by Dr. Raymund Arcega.

In the afternoon, Biazon recognized distinguished Muntinlupeño civil servants, who included this year’s outstanding

employees, retirees and recently-graduated city councilors.

“To be a good Muntinlupeño, we should know how to give back, whatever way we can. Be it a sense of volunteerism or even small acts of kindness for others,” Biazon exhorted guests during the anniversary day awards ceremony held at the Muntinlupa Sports Center. Taking a leaf from Muntinlupa’s city hymn, Biazon urged Muntinlupeños to continue to offer their “Lakas, Talino at Buhay” in the service of the community and country.

Elizabeth Agdon Gaviola, Muntinlupa City’s Human Resources head, identified this year’s awardees, as follows: 2022 Outstanding Employees - Rose Sharon P. Sorolla (Most Outstanding); Britt B. Villapando (Second Most Outstanding); Jia Claire Z. Matnog (Third Most Outstanding); Other Finalists (in no particular order): Don Frederick V. Arciaga; Ramel R. Batan; John Russel M. Benavidez; Sarah Jean

state of effective dialogue and communication that have maintained productive harmony between the two nations despite SCS disputes. Yan explained that China’s initiative on this score is pursuant to UNCLOS Article 123 mandating coordination of various activities among claimant states in exploration, protection of marine environment, scientific research, while the Declaration of Conduct calls for cooperation on safety of navigation and communication, search and rescue combatting crime cooperatively.

Yan provided a timeline of the Code of Conduct evolution from 1992 to 2018, and from 2020 to the present going through nearly a dozen regional and bilateral meetings to achieve understanding and agreements. Maritime cooperation activities followed ranging from opening of maritime hotlines to a ChinaASEAN Joint Naval Drill and China-ASEAN Search and Rescue Drill.

China-Philippines Maritime Cooperation, annual Bilateral Consultative Meetings from the

L. Cummings; Junievien D. Leyte; Mary Grace G. Montoya; Cyrill Chester K. Param; Christian Mark S. San Juan; Roberto D. Unira;

Retirees: Honorata A. Martinez - 46 years; Melecia N. Manuel - 37 years; Pedro N. Mesa - 30 years; Ermie A. Takeda - 27 years; Thelma B. Vasquez - 26 years; Fernando S. Arquero - 22 years; Saly A. Del Mundo - 21 years; Nancy G. Caba - 17 years.

Graduating City Councilors who recently completed 3 consecutive terms:

From District 1 - Louisito A. Arciaga and Stephanie G. Teves-Wong; From District 2 -Dhesiree G. Arevalo.

MARKS/PAGE 7 SPEAKING OUT IGNACIO BUNYE PHIL-CHINA WATCH
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PEZA investment pledges back to pre-pandemic level

THE Philippine Economic Zone Authority (PEZA) reported Tuesday that investment pledges for 2022 are back to pre-pandemic level.

In a statement, PEZA said it approved a total of P140.7 billion investment pledges this year, more than double from the P69.3 billion approvals in 2021.

This year’s investment approval is also the highest in five years.

In 2018, PEZA-registered projects reached P140.2 billion.

PEZA officer-in-charge Tereso Panga said these investment approvals came from 198 projects.

“Despite the 29.85 percent decline in the first semester of the year 2022 compared to the first semester of 2021, we never lost hope that we will recover. With the bigticket investments that were prequalified by the Board for endorsement to the FIRB (Fiscal Incentive Review Board), we were able to record a positive increase in investments in 2022,”

Panga said.

PEZA’s target for this year is to grow by 6 to 7 percent at end-2022.

Earlier, PEZA reported that investment pledges from January to November this year was only at P57.05 billion.

During the PEZA board meeting last Dec. 15 led by Trade Secretary and PEZA Chairperson Alfredo Pascual, the investment promotion agency (IPA) approved 13 projects amounting to P83.65 billion.

Bulk of these newly

approved investment pledges were from three economic zone development projects worth P83.02 billion, four manufacturing projects worth P502.98 million and six information technology (IT) service projects worth P125.17 million.

These projects are expected to rise in Taguig City and the provinces of Pangasinan, Cavite, Batangas, Laguna, Cebu and Negros Occidental.

“At the rate we are going now, PEZA has achieved this year the level of annual

Unilever eyes PH as global hub for sustainability

WITH the fresh commitment of Unilever to invest P4.7 billion in the Philippines during the visit of President Ferdinand R. Marcos Jr. to Brussels, the multinational consumer goods manufacturer aims to make the country its global hub for sustainability.

In a virtual press briefing Friday, Foreign Trade Service Corps (FTSC) Assistant Secretary Glenn Peñaranda said one of the core plans of Unilever Philippines is to make its operations here a global hub for sustainability.

“Mr. Ben Yap also shared that it (sustainability) will

also be at the core of their plans for the Philippines.

His aspirations is to make Unilever Philippines as global hub for sustainability,” Peñaranda said.

He added that the new investments will also enhance the country’s competitiveness locally and regionally in the manufacturing of fastmoving consumer goods as Unilever automates and digitizes its operations.

“We expressed to President Marcos our long-term commitment to sustainable and responsible growth in the country, and we are optimistic that our new P4.7-billion investment

in a future-fit personal care factory in Cavite will contribute to the Philippine manufacturing sector’s competitiveness as we employ highly advanced technologies, with the potential to qualify the facility for the World Economic Forum’s Advanced Fourth Industrial Revolution Lighthouse,” Unilever Philippines chairman Benjie Yap said.

Board of Investments (BOI) director Eries Cagatan emphasized that the P4.7-billion expansion project of Unilever that will use fourth industrial revolution technology will not only automate and digitize the local

ENHS, ESHS conduct limited face-to-face classes simulation

After undergoing series of preparations and receiving safety seal from DILG and DepEd, Esperanza National High School and Esperanza Senior High School ensured that the conduct of the formal face-to-face classes will be safe, smooth and organized by conducting a face-to-face classes simulation on April 12, 2022.

Right at the gate of the school, various floor markings and signages directed the students on where to go. Their body temperature was then checked by the teachers assigned after they have washed their hands in the school sanitation area. The students were then asked to fill-in the health declaration form for the school to monitor if they exhibit COVID-19-like symptoms and if they have contact with COVID-19 patients.

Teachers also prepared their classrooms most especially the sections who had undertaken the face-to-face classes, namely: Grade 10-Dynamic, Grade 11-Empathy, Grade 12-Fidelity

and Grade 12-Fortunate.

At 7:30 am, all students, teachers and non-teaching personnel were then asked to participate the flag raising ceremony at the school covered court. Students formed their lines while ensuring that minimum health protocols are being observed. They were then welcomed by Mr. Rechie A. Lazalita, Secondary School Principal I, with a heartwarming message that set the mood for the kick-start of the simulation activity.

Then, the students and the teachers went to their respective classrooms while following various signages and floor markings.

The class advisers of the students who undergone the simulation, waited at the classroom entrance to scan the QR codes of their students. Their temperature was also checked and were also asked to sanitize their hands with the use of alcohol. Each class only had 20 students to

maintain the physical distancing of the students while learning in the classroom.

At the beginning of the class, they were once again oriented on the flow of the class including their subjects and subject teachers. They were again reminded with the new normal classroom rules.

Dr. Emere C. Jenisan, Public Schools District Supervisor of Kinoguitan, graced the simultaneous activity. She inspected and monitored the classes. Also, she gave her message to the students in their respective classrooms that truly burned the hearts of the students and teachers present despite the cold and rainy mood of the day.

When all of the classes were done, all of the students were then asked to go home and use the school exit gate.

The conduct of the limited face-to-face classes simulation was successful, and no student and school personnel showed COVID-19 symptoms.

operations of the company, but it will also increase its capacity of producing personal care products like skin care, hair care and deodorant by 15 percent.

She added that Unilever will add 130 employees with the expansion.

The new plant in General Trias, Cavite will be inaugurated by first quarter next year.

Cagatan said Unilever has been investing in sustainability in its Philippine operations. Its three facilities here are fully sourcing power from geothermal plants, while its office operation in Bonifacio Global City sources from solar power. (PNA)

investments approved in 2018. That means that the country’s ecozones and high-performance investments are back to the pre-pandemic, even surpassing the 2018 level. Indeed, the economic and political climate are improving under the PBBM (Ferdinand R. Marcos Jr.) administration and we hope to sustain very good performance as we prepare for the upturn in the economy and our transition to upper-middle income status,” Panga added.

Meanwhile, exports in PEZA zones reached USD54.24 billion while employment within ecozones rose to 1,850,842 as of October 2022.

“PEZA remains committed to performing its sworn mandate and attracting the much-needed strategic and big-ticket investments to the country and contribute to PBBM's goal for the country's transition to the upper middle-income economy within his term,” Panga said. (PNA)

Manufacturing output, value rise in October

THE Philippine manufacturing sector logged faster growth rates in volume and value indices in October 2022, the Philippine Statistics Authority’s (PSA) Monthly Integrated Survey of Selected Industries (MISSI) reported Wednesday.

Volume of production index (VoPi) in October this year grew 5.1 percent from a year ago, faster than the 4.1 percent in the previous month.

Factory output improved as 14 out of 22 sub-industries recorded increments in October led by manufacture of machinery and equipment, except electrical, whose volume of production jumped by 81.8 percent.

Other industry divisions that logged double-digit growth in output include beverages at 61.7 percent; chemical and chemical products at 39.5 percent; fabricated metal products,

Running a school

DO you want to run a school business but you lack skill and experience to grow it?

If yes, here is every detail you need to run a school business successfully. We all remember back in school where as kids we always thought that the teachers were not handling things right; how there were too stern, not creative enough, boring etc.

Growing up, we sometimes look back and realize how childish these assumptions were; and for the students that turned out to become teachers or school administrators themselves, they now get to discover firsthand how difficult managing a school

is. Running a successful school is indeed a herculean task because it has to deal with managing human beings and their different temperaments. You always have to keep the balance so that things don’t get out of hand one way or the other. You also have to know that if your students are not successful, then your school is not successful; studies have proved this. So, as a school leader or administrator, you should not merely focus on administrative success, but also on academic success.

You should endeavor to strike a balance between the two because one thumping the other would mean failure for you.

except machinery and equipment at 35.7 percent; wood, bamboo, cane, rattan articles and related products at 27 percent; transport equipment at 21.3 percent; other manufacturing and repair and installation of machinery equipment at 17.2 percent; and paper and paper products at 10.2 percent.

Industries that decreased their output in October include electrical equipment, basic metals, furniture, printing and reproduction of recorded media, wearing apparel, food products, other nonmetallic mineral products and tobacco products.

On the other hand, the value of production index (VaPi) had an uptick of 12.7 percent in October from 12 percent in September this year.

“Contributory to the increase of VaPI were the annual growths exhibited by 17 out of the 22 industry divisions. Among these, manufacture of machinery and equipment except electrical posted the highest annual growth rate of 76.4 percent in October 2022,” the PSA said.

Meanwhile, the average capacity utilization rate of Philippine factories in October 2022 rose to 72.4 percent from 71.5 percent in September.

“There were 20 out of 22 industry divisions with more than 60 percent average capacity utilization rate,” PSA added.

Industry divisions with highest average capacity utilization for October were manufacture of computer, electronic and optical products (80.3 percent); manufacture of machinery and equipment except electrical (80.1 percent); and manufacture of wearing apparel (79.3 percent). (PNA)

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 MON-TUE | DECEMBER 26-27, 2022 5 corpWorLd

DBP bags regional award for energy efficiency program

State-owned

(DBP)

DBP President and Chief Executive Officer Emmanuel G. Herbosa said that the Bank’s Energy Efficiency Savings Financing Program (E2SAVE) was awarded a Plaque of Merit under the Environmental Development category of the annual Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) Development Awards held

in Pasay City.

“We are truly grateful and honored to be a recipient of this citation for our development efforts under the DBP E2SAVE program,” Herbosa said.

“This recognition from the ADFIAP is an attestation of the Bank’s continuing efforts for the unimpeded delivery of financial services to further drive economic growth.”

DBP is the eighth

largest bank in the country in terms of assets and provides credit support to four strategic sectors of the economy – infrastructure and logistics; micro, small and medium enterprises; environment; social services and community development.

The DBP E2SAVE Program is designed to help public and private institutions improve their productivity by harnessing available new technologies in the market for their energy efficiency and renewable energy (for own use) projects. It also allows loan repayment based on electricity savings to make investment affordable to end-users.

The ADFIAP Development Awards is an annual program that honors member institutions that have undertaken or assisted projects that created a development impact in categories such

as environment, small and medium enterprises, infrastructure, technology, trade, local economy, corporate governance, and corporate social responsibility.

Herbosa said that the DBP E2SAVE program empowers its development partners to actively contribute to the region-

wide effort of bolstering local capacity for climate change adaptation and mitigation.

As of September 2022, DBP has approved 10 accounts under the E2SAVE program with a total loan amount of P947-million.

“As a longstanding partner of the ADFIAP

in its mission for sustainable development, DBP will continue to develop relevant and responsive programs that will positively impact the lives of our fellow Filipinos, especially those who are most in need of development financing interventions,” Herbosa said.

HUMAN BEHAVIOR IN AN ORGANIZATION

Human Behavior in Organizations is concerned with the application of organizational behavioral principles, research methods and intervention strategies to practical problems of organization and employees and workgroups around the world.

Human behavior is the outward manifestation of all the conflict factors affecting the person inwardly and outwardly. These conflict factors are his economic condition, sociological background and the psychological processes that are happening inside him. Since each individual has different level of experience among these factors human beings manifest different behavior.

In an organization, it is also assumed that people also manifest different forms of behavior. Although, certain norms are being set by the

organization, it can’t be denied that from time to time people in the organization manifest deviant behavior.

In our field of teaching, I observe that when teachers are in dire need of money they tend to escape classes or even commit cutting classes just to find money. Their behavior becomes deviant from the standard set by the Department of Education.

On the other context, since people are from different social backgrounds, they tend to express themselves unconsciously of what they really are. These sometimes become the source of conflict.

Leaders in the organization should possess the discerning skills in hiring people. They must have enough knowledge to the root causes of the different human behavior so that they could employ true assets for the organization.

EXTRA JUDICIAL SETTLEMENT

KNOW ALL MEN BY THESE PRESENTS:

NOTICE is hereby given that CARLOS BONGALOS, who died on May 14, 2018 in Sto. Niño, Libertad, Misamis Oriental. That the deceased died intestate, without will or testament, and without any debts in favor of any person or entity; That the deceased left among others a parcel of land, with Katibayan ng Orihinal na Titulo Blg. P-30496, situated in the Barrio of Sto. Niño, Municipality of Libertad, Province of Misamis Oriental, Island of Mindanao, containing an area of FOURTEEN THOU SAND NINETY NINE (14,099) square meters, more or less, and has been the subject of EXTRA JUDICIAL SETTLEMENT, made and executed in the City of Cagayan de Oro by and between the following: WE, REMELDA M. BONGALOS, CHARLES ADAMS M. BONGALOS, FRANCEY M. BONGALOS & VINCE CIELO M. BONGALOS, all of legal age, Filipino Citizens, Widow & Single and residents of Sto. Niño, Libertad, Misamis Oriental, respectively, after having been duly sworn to in accordance with law do hereby depose and state, filed by the heirs of CARLOS BONGALOS. As per Doc No. 236; Page No. 48; Book No. 89; Series of 2019 under the Notarial Registry of ATTY. QUINTILIANITO S. BABARIN, JR.

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.

Dec. 12, 19 & 26, 2022

Party(ies)

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No. 10, Apovel, Bulua, Cagayan de Oro City CEASAR D. DELA CALZADA, CASE NO. Applicant. R10-NC-PA-TH-2022-12-2188

NOTICE OF HEARING

APPLICANT request for the Issuance of the Certificate of Public Convenience to operate TRUCK FOR HIRE (TH) SERVICE on the route: WITHIN CAGAYAN DE ORO CITY TO ANY POINT IN THE ISLAND OF MINDANAO, accessible to motor vehicle traffic and Vice Versa and with the use of One (01) unit/s.

This application shall be considered by this Board on January 11, 2023 at 10:00 A.M. at this Board on which date Applicant shall formally submit his/her/its evidence.

The Applicant shall publish said notice at least Ten (10) Days prior to the date of hearing once in a newspaper of general/ local circulation.

Party(ies) opposed to the approval/ granting of the application must file his/her/its written opposition with supporting documents, unless this Board deems it necessary to require additional documentary evidence and/or his/her/its oral testimony(s).

WITNESS, AMINODEN D. GURO, Regional Director, LTFRB-Region X, this 22nd day of December 2022 at Cagayan de Oro City, Philippines. ATTY. MOHAMAD FAHDEL S. PIMPING

WITNESS, AMINODEN D. GURO, Regional Director, LTFRB-Region X, this 22nd day of December 2022 at Cagayan de Oro City, Philippines.

6 Mon-Tue | December
BusinessWeek
26-27, 2022 Editor: GILBERT Y. CHAO
MINDANAO FEATURE CREDIBLE RELIABLE IN-DEPTH
ATTY. MOHAMAD FAHDEL S. PIMPING HEARING OFFICER BWM: Dec 26, 2022 Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No. 10, Apovel, Bulua, Cagayan de Oro City SPS. MICHAEL JOHN G. ALDE/ CASE NO. CARMEL JEANN A. ALDE, R10-NC-PAApplicant. TH-2022-12-2188 NOTICE OF HEARING APPLICANT request for the Issuance of the Certificate of Public Convenience to operate TRUCK FOR HIRE (TH) SERVICE on the route: WITHIN CAGAYAN DE ORO CITY TO ANY POINT IN REGION 10, accessible to motor vehicle traffic and Vice Versa and with the use of One (01) unit/s. This application shall be considered by this Board on January 11, 2023 at 10:00 A.M. at this Board on which date Applicant shall formally submit his/her/its evidence.
at least Ten
Days prior to the date of hearing once in
newspaper
local circulation.
The Applicant shall publish said notice
(10)
a
of general/
opposed to the approval/ granting of the application must file his/her/its written opposition with supporting documents, unless this Board deems it necessary to require additional documentary evidence and/or his/her/its oral testimony(s).
HEARING OFFICER BWM: Dec 26, 2022
BWM Dec. 26, Jan 2 & 9, 2022
BWM
CAGAYAN de Oro City second district Councilor Mercedes Joyleen Balaba holds an outreach for senior citizens at Tibasak open court in barangay Macasandig, this city December 23. The elderly were given free haircut, arroz caldo, boiled egg and fastfood breakfast. PHOTO BY MARK FRANCISCO Development Bank of the Philippines was recognized by an international association of development banks and financial institutions for its efforts to promote energy efficiency in the country, a top official said.

translates to more tourists visiting our shores as evidenced by our over two million arrivals thus far."

The country ranked second in Macro Life, Cavern/ Cave & Grotto Diving, Beginners, Photography, and Best Value categories; third in Wreck Diving, Snorkeling, and Health of Marine Environment; fourth in Wall Diving and Advanced; fifth in Best Overall; and ninth in the Big Animals grouping for the Pacific and Indian Ocean cluster.

The country was also previously named the World's Leading Dive Destination 2022 by the World Travel Awards.

Meanwhile, Cebu had been listed among the 50 "best places to travel in 2023" by the US-based online travel guide Travel Lemming.

Travel Lemming described Cebu as "perfect for all types of tourists" and "allows you to indulge in both thrilling experiences and waterfront relaxation."

Another key tourism destination in the Philippines, Palawan, was cited by another US-based travel guide Fodor as one of the 40 destinations on its Go List for 2023.

Fodor called Palawan "the very definition of eco-luxury" and "one of the Philippines’ most magical islands where underwater worlds meet lush jungles."

Aside from the worldrenowned Palawan, Cebu, and Boracay, the Philippines has a lot more destinations to offer for various types of travelers.

Samar, Biliran, and Leyte alone are home to plenty of mesmerizing waterfalls, caves, and rock formations, making them ideal stops for adventure-seeking tourists.

Siquijor in Central Visayas, meanwhile, is perfect for those seeking a laidback vibe and a less crowded island destination.

BI: Tourist arrivals top 600K in October

Meanwhile, the Bureau of Immigration (BI) said it sees an increase in the number of tourist arrivals in the country for the holiday season.

This came as the country saw more than 600,000 tourists arrivals in October alone, according to BI spokesperson Dana Sandoval.

“There were 634,000 arrivals for the month of October. So we see that it will increase this November and December. Until January which we consider as the peak season for travelers. In the past few months, we can see that it is increasing," she said in a Laging Handa briefing Thursday.

Sandoval attributed this to the relaxation of travel restrictions due to the country's improved coronavirus situation.

However, she said they logged less than 200,000 tourist arrivals in December last year.

“In December 2021, only over 195,000 total arrivals for the entire month, which

is lower compared to prepandemic figures,” the BI official added.

Earlier this year, the government relaxed entry restrictions for travelers as part of efforts to revive the economy amid the pandemic. (with Ferdinand Patinio/ PNA)

willful making of a false or misleading statement on a material fact to the Monetary Board or the BSP examiners,” the BSP said.

Under the law, anyone who creates false or misleading statements that are true to the BSP may be fined P100,000 to P200,000 or imprisoned for five years at most, at the court’s discretion.

municipalities, five to cities, and one to a barangay.

“Municipalities had the highest total loan requirement of P2.672 million while cities had the highest borrowing capacity of P9.109 billion,” the BLGF said.

traces the rich potential of Philippine-China relations, Philippine Media coverage of China under the present administration and a comparison of China and the USA in Philippine News.

I also hope more Filipino can come to China to travel or study through which to improve their knowledge about China, as a rising country, CHINA really can help the Philippines in many fields.”

industry here in Davao, that is why it is always a pleasure and honor for us to host MICECON," said Davao City Vice Mayor Jay Melchor Quitain Jr.

"We believe that MICECON will help revitalize Davao’s tourism sector and open more doors for business that will boost the whole region’s economic growth”, he added.

The Philippine MICECON is the largest gathering of MICE stakeholders in the country and is expected to bring in 500 in-person delegates in Davao and more virtual delegates from the tourism industry.

MICE sector is one of the Philippines' top tourism product promotions, with the government ramping up efforts to position the country as a desirable business events destination in Asia.

Aside from Davao, the cities of Baguio, Cebu, Iloilo, Cagayan de Oro and Clark in Pampanga, are among the countries' traditional MICE destinations. In 2021, the TPB also identified Boracay as a potential meetings hub. (PNA)

In a separate statement, the Monetary Board revoked the license to operate as a nonstock savings and loan association of Manila Teachers’ Savings and Loan Association, Inc. (MTSLAI).

The revocation was signed by the Monetary Board in Resolution No. 735 dated May 26 for violating RA 8367 or the Revised Non-Stock Savings and Loan Association Act of 1997 as well as BSP rules and regulations.

The Monetary Board, in Resolution No. 1676 on Nov. 17, denied the request for reconsideration on the revocation of MTSLAI’s license to operate as a nonstock savings and loan association.

“The BSP fosters the soundness of the financial system by promoting good corporate governance and regulatory compliance among its supervised financial institutions,” the central bank said.

Drop... from page 3

P79.343 billion, 66.74% lower than the P238.54 billion from a year earlier.

away by helping others that we find real life.

Remember, Jesus shows us the perfect model of maturity, and gives us the power we need to follow His example. He is the only One Who can enable you to reach your full potential as the mature human being He created you to be. Jesus said: “I did not come to be served, but to serve and give away my life for others.” So won’t you ask Him to forgive you for your wrong, self-centered living? Then ask Him to take charge of your heart, character and way of living? It is the only way you can truly grow to become all that He designed you to be. Just think a minute…

China... from page 4

Eyed... from page 1 Marks... from page 4 Track... from page 3

Deputy Governor Francisco Dakila Jr. said bids for the TDF in this week’s auction are “higher than the BSP’s expected volume range.”

In terms of the yields, he said the accepted range “continued to shift higher but narrowed to a range of 6.0000-6.3500 percent in the seven-day TDF and 6.0000- 6.4875 percent in the 14-day TDF.”

“The results of the TDF auction reflect the partial pass-through of the BSP policy rate hike last week amid ample liquidity in the financial system,” he said, referring to the 50 basis points increase in the central bank’s key policy rate.

The hikes in the BSP’s key rates were made after monetary authorities said inflation is expected to remain elevated in the coming months.

“Looking ahead, the BSP’s monetary operations will remain guided by its assessment of the latest liquidity conditions and market developments,” Dakila added. (PNA)

Fake... from page 3

of Sept. 30, 2012.

“Section 35 of RA No. 7653 punishes the

Cities had a borrowing capacity of P40.46 billion, followed by municipalities (P32.78 billion), provinces (P6.05 billion), and barangays (P57.27 million).

In November, the BLGF released 25 certifications to LGUs, with no amendments, covering proposed loans worth P4.885 billion, lower by 31.37% from the P7.118 billion a year earlier.

During the month, 19 certificates were issued to

from the first in 2017 to the seventh in July 2022 where President R. Marcos Jr. met with Chinese Foreign Minster Wang Yi. ChinaPhilippines Coast Guard Maritime Cooperation Joint Committee meetings from 2016 to the present were presented.

It is well nigh impossible to imagine the density of cooperation and dialogue activities between China and the Philippines, as well as China and ASEAN without the help of the paper as put together by Yan to catalogue the flurry of activities every year over the decades to achieve the peace and stability that we all see in the SCS.

The second is the study by Dr. Li Yuanxin of Nanjing University of “China’s Image In Philippine Media: A Comparative Perspective” with her 12 slide power point presentation that

Correct attitude to learning

BEING a successful learner starts with having a positive attitude towards learning. A positive attitude lets you relax, remember, focus and absorb information as you learn. You're ready to welcome new experiences and recognize many different kinds of learning opportunities. No matter what level of education you have, if you want to succeed, you need to keep on learning. Being a successful learner starts with having a positive attitude towards learning.

A positive attitude lets you relax, remember, focus and absorb information as you learn. You’re ready to welcome new experiences and recognize many

different kinds of learning opportunities. And when you can see opportunities, hope increases. Do you stay open to learning opportunities? Do you believe that you’re able to learn new things? Formal classroom learning can be important and valuable, but it's only one of many learning opportunities that are open to you.

Attitudes towards learning are important factors on the learners' levels of goal setting, problem solving abilities, their beliefs towards learning, their inner and external motivations in the process of learning and all the academic performances they perform.

Li found that PhilippinesChina relations have been dominated by territorial disputes while the relations have actually the potential to be “one of the strongest partnerships” in trade, agriculture, infrastructure, energy, education and people-to-people exchanges. Most of the news reviewed came from the Inquirer, Philstar and the Manila Times.

Comparing US and China news coverage Li gathered a total of 17,494 news items from June 30 to Nov. 11, 2022 and reports around a 10 percent numerical advantage for the US but also 23 percent and 20 percent overlaps between US and Chinarelated coverage. Chinarelated coverage and USrelated overlaps increased in August during the Pelosi Taiwan visit.

Li concluded the three newspapers chosen forum the study “put almost the same attention to the China issue:, China-related coverage is narrower and “scant attention to China’s role in international politics” and that “Philippine media might dedicate more coverage to the US actions in China-related Asian issues.”

Last but not least, the organizer of the event who could not make it to Manila, Dai of Jinan University’s Center for Philippine Studies whom I communicated with via WeChat after the symposium, I asked for his message:

“I just (to) give a closing remarks, I hope scholars can make a great role in promoting mutual understanding between China and the Philippines.

The symposium organized by the Ateneo Chinese Studies program with the Jinan University’s Center for Philippine Studies was indeed, as its flyer said, “a space for dialogue and exchange between scholars, practitioners, and experts in diverse but interrelated fields” on China-Philippine relations. We should have more of it ventilated by mainstream media.

Grande... from page 8

units and 38 commercial units available.

With the launch of Citta Grande, there are now two complexes in Primavera City, the first one being Citta Bella. The whole project, which will include a high rise to be called Citta Alta, will finish in 2026.

Primavera City sits in a spacious 55,000 square-meter property in a very prime location in uptown Cagayan de Oro, Northern Mindanao’s premier new growth area. Italipinas Development Corporation pioneers ecofriendly realty projects in this part of the country.

For more reasons than one, choosing a space with Primavera City will definitely be a smart move.

Madaguing Elementary School joins District read-a-thon contest

THE Department of Education (DepEd) has declared the month of November as the National Reading Month and has instructed school officials to conduct various activities to rekindle the interest of school children in reading.

Among activities lined up are the Read-a-Thon, which aims to discover outstanding readers in class; the Dear program, which engages students in 15 to 20 minutes of reading daily; and the shared reading or readers’ mentoring program, where older students are encouraged to assist younger readers with reading difficulties.

Schools are also urged to hold vocabulary and “A Paragraph A Day” sessions, where students learn one

new word a day and read aloud one or two paragraphs every day to enhance their speaking skills.

The program likewise aims to bring back the interest of school children in reading instead of them spending too much time on the Internet and inclination to online activities.

I urge my fellow teachers, parents, and education partners to continue setting good examples as reading champions for our children.

Recognizing the critical role of reading and literacy in its quest to deliver quality education, DepED reiterated its commitment to making “Bawat Bata Bumabasa (Every Child is a Reader) a reality to provide more opportunities for the Filipino youth.

MON-TUE | DECEMBER 26-27, 2022 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 7
Best... from page 1

Primavera City Citta Grande launched, mixed-use dev’t is fully automated

Imagine living in a home that lets you easily control everything to make your life more convenient and secure. That is what exactly Citta Grande is all about.

Citta Grande is the third complex of towers at Primavera City along PN Roa Avenue that will feature residential, commercial and office spaces. Citta Grande is unique because it is a fully automated environment where your appliances and devices can be automatically controlled from anywhere with just a fingertip.

Citta Grande brings you rooms complete with convenient, single-system control of lighting, security,

entertainment and your connected world so you can save more time in doing what you love. With this new initiative, the automation allows for better conveniences with smart home functionality and day to day personalization, giving you comfort and peace of mind.

In location, concept and design, this innovative property utilizes its surrounding environment and integrates modern technology to improve everyday living and conveniences – allowing you to choose how you live, work and play. Citta Grande has a total of 281 residential

8 Mon-Tue | December 26-27, 2022 www.businessweekmindanao.com BusinessWeek MINDANAO
LIFESTYLE
CREDIBLE RELIABLE IN-DEPTH GRANDE/PAGE 7
THE long awaited Citta Grande by Primavera City has been launched December 22 at Pearlmont Hotel, this city by Italpinas Development Corporation and graced by president Atty. Jose Leviste and chief operating officer Giuseppe Garofalo.

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