BusinessWeek Mindanao (December 5-6, 2022)

Cebu-Cot flight

COTABATO City — A Philippine Airlines (PAL) 86-seat Q 400 plane from Mactan International Airport landed at the Cotabato-Awang airport in Datu Odin Sinsuat, Maguindanao del Norte on Thursday morning, opening an air route between Cebu in the Visayas and the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM).

A water cannon salute greeted the plane’s maiden flight, which BARMM officials said opened up opportunities for the region’s economy and tourism.

The plane landed around 7 am, ahead of schedule, with 33 passengers on board before proceeding to Tawi-Tawi, BARMM’s southernmost province.

Housing for IPs

DAVAO City – Members of the Indigenous Peoples (IP) community in Sto. Tomas Davao del Norte received 100 housing units from the National Housing Authority in Davao Region (NHA-11), the agency said in a statement Thursday. Engr. Ariel Puyos, acting division manager of NHA-11, said the turnover of the PHP20 million project on Nov. 29 at the Ata-Manobo community in Barangay San Jose, Sto. Tomas, is a manifestation of the government's commitment to uplift the lives of vulnerable sectors. Called the "Balai Karoyawan No Bakalag" or a beautiful house, each housing unit costs P200,000.

Support for ARBs

THE Department of Agrarian Reform (DAR) has formed a team that will survey areas settled by agrarian reform beneficiaries (ARBs) to determine what assistance they need to improve their living conditions.

Agrarian Reform Secretary Conrado M. Estrella III said in a statement Sunday that the project development team will determine which of the 57 settlement areas are in need of poverty-relief programs. The team’s creation was authorized by Special Order No. 643.

Mr. Estrella said DAR is planning to introduce agribusiness, job-creation, and law and order initiatives.

SC affirms sale of Iligan power plant

By MYRNA M. VELASCO Contributor

THE Supreme Court has validated the divestment of the 103-megawatt IIigan diesel power facility to Conal Holdings Corporation (CHC), a subsidiary of the Alcantara-led Alsons Power Corporation.

A recent ruling by the high court upheld the approval granted by the Commission on Audit (COA) on the sale of the plant to the Alcantara firm; which was concretized through a privatization process pursued by the city government of Iligan.

Since 2013, the plant has already been placed under the charge of Mapalad Power Corporation, which is also a subsidiary-company of the Alcantara group; and that corporate entity has been

operating the asset since then.

The question on the generating facility’s sale stemmed from the valuation drawn by the city government; which was also subsequently upheld by the State auditor.

According to Alsons Power CEO and MPC President Tirso G. Santillan, Jr., ““the Supreme Court’s decision en banc validates the agreement we reached with the city government.”

Villanueva merges Christmas, fiesta activities, launches ‘FiesKo 2022’

By MARK FRANCISCO Staff Writer

DUE to the proximity of their patron saint’s feast and the traditional Christmas festivities, the local government of Villanueva in Misamis Oriental led by Mayor Jennie Uy-Mendez launched on Thursday, December 1, the “Fiesko 2022”, the merging of the town’s fiesta activities and the Christmas celebration.

Uy-Mendez said during the insugural Christmas lighting of their 25-meter torch tower kicking off the one-month celebration last December 1, that it has been

the tradition of Villanuevanons to hold the twin celebrations simultaneously.

Prior to the Christmas lighting Thursday evening, a fun run was already held in the morning, kicking off the celebration.

Uy-Mendez said that with the appointment of the new tourism officer Paul Perocello, who is an architect by profession, the local government unit was able to bring down the cost of the whole celebration from the decorations to the logistics to the prizes for the various

Bangsamoro development a priority of the Marcos 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 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.

BRIGHT LIGHTS AND COLORS. The town of Villanueva, Misamis Oriental glitters in bright lights of different shapes and colors at night as it welcomes the month of December, the peak of the Christmas season. Likewise, on Dec. 1, the local government led by Mayor Jennie Uy-Mendez has launched “Fiesko 2022” , a joint Christmas festivities and the month-long Fiesta celebration in honor of its patron saint Our Lady of Guadalupe. (Photo courtesy of Sharra Reyes Pascua-Patindol)

BFAR-9 imposes closed sardines fishing season

ZAMBOANGA City – The Bureau of Fisheries and Aquatic Resources -Zamboanga Peninsula (BFAR-9) positioned Thursday two monitoring, control, and surveillance (MCS) vessels to implement the three-month closed season for the conservation of sardines in Sibuguey Bay, Basilan Strait, and East Sulu Sea. Deployed during a ceremony at the Ensign Majini pier of the Naval Station Romulo Espaldon here were MCS-3006 and MCS-3001, manned by personnel of the Philippine Coast Guard and BFAR’s Fishery Protection Regulatory Group. The annual closed fishing season, which took

effect Thursday and ends on March 1 next year, aligns with BFAR Administrative Circular No. 255, otherwise known as the Establishing of Closed Season for the Conservation of Sardines within the three areas. Al-Zath Kunting, BFAR-9 acting director, said the closed fishing season is a conservation measure to protect valuable fish species during their spawning period by allowing juveniles to mature and replenish. “Data shows that the closed fishing season has been effective not only in conserving sardines but also in enriching the waters of Zamboanga Peninsula, Basilan Strait, and East of Sulu

Sea,” Kunting said. He said monitoring of landed catch, composed mostly of sardine species Sardinella lemuru, locally known as tamban, in at least 33 landing sites in the Zamboanga Peninsula showed a continuous 10.7 percent annual growth from 2016 to 2020. Kunting noted that the highest increase was observed in 2020 when fish catch recorded a growth of 28 percent resulting in a total volume of 357,804.41 metric tons. Of the total 1,398,342 metric tons landed catch in the Zamboanga Peninsula recorded by DA-BFAR’s National Stock Assessment Program (NSAP) during the five years, 989,029

metric tons or 70.7 percent is Sardinella lemuru. NSAP data validates that the sardine species dominant in the Zamboanga Peninsula is Sardinella lemuru at 97.8 percent. Other sardines species

consisted of Amblygaster sirm, Sardinella gibossa, Dissumeria acuta, Sardinella fimbriata, Herklotsichthys quardimaculatus, Sardinella albella and Escualosa albella. Sardines make up

around 15 percent of the total fish catch in the country and are one of the most accessible protein sources for Filipinos. A large portion of the production comes from the East Sulu Sea. (PNA)

NGCP lifts manual load dropping in Zambo Peninsula, other areas

ZAMBOANGA City – The National Grid Corporation of the Philippines (NGCP) has lifted the implementation of Manual Load Dropping (MLD) on all 69-kilovolt (KV) lines servicing seven electric cooperatives in three provinces.

The electric cooperatives include the Zamboanga City Electric Cooperative; Zamboanga del Norte Electric Cooperative; Zamboanga del Sur Electric Cooperatives 1 and 2; Misamis Occidental Electric Cooperative Incorporated 1 and 2; and Lanao del Norte

Electric Cooperative.

In a statement on Wednesday, the NGCP said the Baloi-Aurora 138-KV and Agus 5-Aurora 138-KV lines, particularly between Towers 22 and 23, “are now cleared from tall-grown trees and hazardous vegetation.”

The NGCP said its personnel completed the clearing activities at the two towers at 5 p.m. Tuesday in Barangay Tingin-Tingin, Kauswagan, Lanao del Norte.

The implementation of MLD is a contingency measure implemented while

The Impact of Classroom Management on Pupils Behavior

By: Lorna D. Ogao – Ogao, Teacher III Sacred Heart Village Elem. School Zayas, Carmen, Cagayan de Oro City

Classroom management can be the most important thing a teacher can do for his or her classroom. Classroom management is ensuring that the classroom run smoothly. When a classroom is managed, it creates an environment where the students are focus and there is a positive environment which creates growth in the classroom. Classroom management should start the first day the students enter your classroom. When the classroom is mange it ensures that the students and you are on the same page. Once a teacher loses control of their classroom it is difficult to regain control. To have a successful classroom that is well manage there should be structure, student involvement; the teacher should remain calm and try different teaching practice.

Effective teaching and learning cannot take place in a poorly managed classroom. Every classroom should have

structure. Structure is the foundation of every classroom and students respond well to structure. Not only does it provide students with a safe environment, but it helps increase their ability to succeed in the classroom. Effective teachers will have a routine and procedures in place. They will have planned and organized lessons, students are engaged, and transitions flow very easily. Teachers must also be effective in the way they handle student behavior.

Disruptive behavior in school has been a source of concern for school systems for several years. Indeed, the single most common request for assistance from teacher is related to behavior and classroom management and classrooms with frequent disruptive behaviors have less academic engaged time, and the students in disruptive classrooms tends to have lower grades and do poorer on standardized test.

Baloi-Aurora and Agus 5-Aurora 138-KV lines are on shutdown to pave way for the cutting of tall trees and hazardous vegetation.

MLD refers to the process of manually and deliberately removing pre-selected loads from a power system in response to an abnormal condition to maintain the integrity of the system.

On Nov. 14, the NGCP said the Baloi-Aurora and Agus 5-Aurora 138-KV lines tripped due to an uncooperative landowner refusing access to NGCP personnel to clear vegetation in Kauswagan town.

The NGCP expressed its appreciation to the Lanao del Norte provincial government and the security sector for the support and assistance that led to the completion of the lineclearing operation.

The NGCP continues to appeal to the public not to plant trees along power line corridors to prevent prolonged power interruptions. (PNA)

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.

PMAP-CDO Exec to RTWPB-10 Board

A former Chapter President and National Trustee for Mindanao of the People Management Association of the Philippines (PMAP) has been appointed as employer representative to the Regional Tripartite Wages & Productivity Board Region X, National Wages Productivity Commission, Department of Labor and employment for a term of five years.

Ms. Vivien Magdaluyo Lawansa took her oath of office together with other

newly appointed members of the RTWPB-X before Honorable Secretary Bienvenido E. Laguesma at the DOLE LGLC Building, Intramuros, Manila on December 1st, 2022 by authority of their appointment letter dated November 12, 2022 signed by President Ferdinand R. Marcos.

Ms. Lawansa who is currently the Assistant Vice President for Human Resources & Chief People

EXEC/PAGE 8

Vivien M. Lawansa (2nd from right) takes her oath of office as employer representative for the RTWPB-X, National Productivity Commission on December 1st, 2022 before DOLE Secretary Bienvenido E. Laguesma (left) and other newly appointed RTWPB-X members (L-R): Atty. Milbert M. Macarambon, Limuel R. Oliverio and Arsenio L. Sebastian III.

Bldg., CM Recto Ave., 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

Think a minute… The famous car manufacturer Henry Ford was the first to use the assembly line in his factory for mass production. His company built and sold hundreds of cars each and every day. But one day the big generator that produced all the electricity for Ford’s factory suddenly stopped working. The entire factory shut down, costing Ford a massive amount of money. He quickly called one of the nation’s top engineers to come fix it. The expert engineer soon arrived and began examining and tinkering with the big generator. After only one hour, the engineer had found the problem and fixed it! Immediately Ford’s factory began making cars and money again.

A few days later Ford received the bill in the mail from that top engineer for fixing Ford’s factory generator. The bill was $10,000! Ford could not believe how expensive it was, so he called the engineer on the phone. He said: “Excuse me, Sir, but isn’t $10,000 rather high for just 1 hour of tinkering?” The engineer replied: “Mr. Ford, I’m charging you $10 for my one hour of tinkering, and

$9,990 for knowing WHERE to tinker!” Ford answered: “I guess you’re right.” And Ford paid the engineer his $10,000. People usually accept your own estimate of yourself. They give you the same worth you give yourself. So don’t sell yourself short! I’m not saying we should go around full of pride, thinking we are better than other people. But if you have special abilities, training, or experience in a certain skill, then you have reason to be confident in your work and charge what you’re worth— whether it be with computers, sales, carpentry, construction, business, farming, teaching, music, etc.

Obviously, the One Who really knows your abilities is the One Who designed and

Mga Kuwentong Ayala - The GCash story opinion

In 2004, an estimated 80% of Filipinos remained unbanked. To help solve this problem, Globe Telecom entered fintech and launched GCash under its subsidiary: Mynt - Globe’s Fintech Innovations.

When Ant Financial invested in GCash, it took a simple payments app and transformed it into a super app that millions of Filipinos now use daily.

In June 2021, GCash reported that it had over 46 million users. By March 2022, GCash had an average of 60 million users. Just three months later in June 2022, GCash breached the 66 million mark.

GCash President and CEO Martha Sazon proudly reported this achievement during the Mobile 360 Asia Pacific Fintech Summit held in Singapore recently. It was notable that during one of the largest gatherings of the global fintech community, GCash was the lone Philippine digital financial service which was featured.

In separate interviews by leading business media, Globe President and CEO Ernest Cu discussed GCash's industrychanging innovations that have improved the lives of Filipinos and spurred inclusive economic growth.

With Nasdaq TradeTalks' Jill Malandrino, Cu shared: "We're extremely well

positioned to help drive inclusion in the Philippines digitally.”

Cu traced Globe's history of transforming telecommunications in the country from voice to data services to financial technology and more.

"Our latest evolution now is creating businesses around the many things that we have," said Cu.

"GCash being the first manifestation, we're also getting involved in healthcare, education, and many others, with an objective of looking at Filipino problems. The Philippines, as a developing country, has many issues where we can improve efficiency, customer experience, or just simply improve access." Cu also touched on Globe's sustainability and green solutions.

In a separate interview with Bloomberg Markets Asia's Haslinda Amin, Cu discussed GCash's role in promoting inclusion by further expanding its digital financial services from payments and loans to the "unchartered waters" of retail stock trading.

Said Cu: "When GCash came about, it was to solve the problem of inclusion; people did not have access to financial services. So over time, we

ROCKINGHAM, North Carolina—As I write this, the Filipino-American communities all over the US had celebrated in their own way the birth anniversary of Gat Andres Bonifacio as part of their efforts to maintain their connection to the Philippines.

Also I was scheduled to have as guest in my program ‘Susan Live’ (new schedule on Tuesdays and Thursdays at 10 am every week over at RPNdxKO TV 5 and broadcast live in their TV, radio channels and Facebook page) Atty Ban Pacuribot to talk about, among other things, the Bonifacio Day in the Philippines and maybe, just maybe, some updates on Cagayan de Oro City Hall.

I was incidentally scheduled to interview former city councilor Enrico Salcedo who was tasked by incumbent Cagayan de Oro City Mayor Rolando ‘Klarex’ Uy in leading City Hall’s relocation of 1,600 plus ambulant vendors from their former spots at JR Borja and Capt. Vicente Roa Streets and JR Borja Extension to their new allocated spaces somewhere near the Cogon market site.

Salcedo was unable to show up for one reason or another which I attribute to probably his being too busy overseeing the maintenance of order in the ambulant vendors areas which are sectioned according to dry goods and street foods sections. At any rate, the relocation of

vendors is something that won’t be resolved overnight or probably even within the next few months.

As I pointed out last Tuesday (Nov. 29) in my program, things may come to a head come the homestretch of the Christmas season in December. As Mayor Klarex kept repeating time and again, the ambulant vendors were given four and a half months to follow traffic rules and keep their products within reasonable space away from the riding public who had been greatly inconvenienced by their presence.

I must say that even the ambulant vendors cannot be blind, deaf and dumb to the inconvenience that the presence of their goods had towards the commuters and the motorists and we don’t need Mayor Klarex to declare that these vendors had practically occupied more than half of the road to themselves. Yet these vendors will insist on their rights to sell even at the discomfort they cause on the riding public.

In examining City Hall’s moves in dealing with the ambulant vendor problem I did some Google searching for Bayani Fernando, the former mayor and congressman of Marikina City who if I recall was credited with transforming that city’s public market into one of the most, if not the most efficiently managed public market in the country.

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developed payments and now, it's the payment system in the Philippines. We branched into lending; today, we have a P40 billion portfolio in lending. And next, of course, are other things that people have never been able to access, and trading on the stock exchange is one of them. [..] Hopefully, we can democratize equity trading in the Philippines.!"

Here are some significant GCash milestones as culled from the company’s various disclosures.

GCash by Alipay was first launched by Globe Telecom as GCash in October 2004 offering SMS-based domestic money transfer that does not require bank accounts or cards considering 80% of the Philippine population were unbanked or underbanked at the time.

Users were allowed to convert their cash to e-money via cash-in and cash-out outlets like sari-sari stores with a transaction fee of P1.00.

In 2012, the GCash app was launched as a move to transition from cash-in and cash-out outlets to a fully cashless system.

In 2017, GCash partnered with Facebook to integrate its services with Facebook Messenger.

In 2020, GCash partnered

IGNACIO BUNYE

with Philippine Seven Corporation allowing the use of the GCash app to pay in 7-Eleven branches via barcode throughout the country. 7-Eleven also has its own CLIQQ Wallet system for cashless transactions and its branches are one of the cash-in locations for GCash users. Later that year, GCash partnered with another convenience store chain, Mini-Stop to add more cash-in locations in the Philippines.

On July 25, 2021, GCash announced that its remittance service, GCash Padala, is now available to non-app users through its 2,000 partners nationwide.

In November 2021, GCash's parent company, Mynt, announced that it raised $300M in funding at a $2B valuation, making Mynt a Philippine double unicorn.

In August 2022, GCash Jr., which is designed for users aged 7 to 17, was launched.

His efforts at clearing the sidewalks and Marikina City’s public market of ambulant vendors was also met with resistance but eventually public support won over such resistance resulting in him being appointed as chairman of the Metro Manila Development Authority (MMDA) where he would introduce several other reforms in traffic management that are being pursued by his successors even today like installing U=turn slots and footbridges.

Such was Fernando’s popularity in Luzon that he even ran for the presidency though was unsuccessful. Still, his efforts to clear the sidewalks of ambulant, irresponsible vendors is proof that with enough goodwill coupled with efficient, determined and effective implementation of crystal clear, yet flexible guidelines that order can be maintained in the streets without sacrificing the livelihood of these vendors.

That said, there’s one crucial element to this issue that cannot be ignored and that’s the ongoing COVID-19 pandemic which hit a lot of businesses both big and small across the world. The ambulant vendors are no exception and even perhaps with their best efforts to comply with health protocols, they are more than desperate to earn extra especially during the holidays.

Again as I write this,

there had been little to zero resistance to City Hall’s relocation efforts by the ambulant vendors except for some verbal threats reportedly issued by some of them during Mayor Klarex’s two-day dialogue with them. And to be fair, Mayor Klarex had been bending over backwards to their pleas, though was resolute in seeing that his administration’s relocation plan push through.

Mayor Klarex even said he’s ready to deal with the threats and I can only monitor whatever developments may come through social media feeds. Never let it be said, however, that City Hall under Mayor Klarex’s administration is taking things in stride as I received word of constant meetings with all stakeholders on the ambulant vendor problem.

For despite their frequent denials and even defensive posturing bordering on

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SEC busts Zambo-based

Silverlion investment scam

THE Securities and Exchange Commission (SEC) continues its crackdown against unauthorized investment schemes as it busted the operations of Silverlion Livestock Trading Corp. in Zamboanga City.

In a joint operation on November 26, the combined forces of the SEC Zamboanga Extension Office (ZEO) and the National Bureau of Investigation (NBI) 9 (Zamboanga Peninsula) successfully implemented a search warrant against Silverlion in its offices at Apolinario Loop, Guiwan and Green Valley National Highway, Barangay Manicahan, both in Zamboanga City.

The Zamboanga City Regional Trial Court Branch 15 issued the search warrants against Silverlion for violations of Section 8.1, 26, and 28 of Republic Act (RA) 8799, or the Securities Regulation Code (SRC), in relation to RA 10175, otherwise known as the Cybercrime Prevention Act of 2012.

The SEC ZEO and NBI9 seized bundles of cash,

vouchers, and other devices in Silverlion’s office, which were supposedly scheduled to be used for the upcoming payout of profits to its existing investors.

The SEC ZEO filed criminal cases for violation of the SRC against Silverlion’s incorporators, officers, and agents identified as Ryan Cagod Ladoing, Renan Lara Ladoing, Rosemarie Alvarez Guzman, Neña Ewayan Algoy, John Paul Dellara Lopez, and Michael Villalobos Berja before the inquest prosecutor of the Office of the City Prosecutor of Zamboanga City.

Ryan Ladoing has also been involved in the investment scam RGS World Marketing, which was the subject of a cease-and-desist order (CDO) and advisory issued by the SEC earlier this year.

Upon application by the Enforcement and Investor Protection Department (EIPD), the commission en banc on November 17 issued a CDO against Silverlion, enjoining the group to stop soliciting investments from the public without the

necessary licenses from the commission.

The CDO was simultaneously served on the company together with a show-cause order issued by the EIPD, directing the company to explain why its registration as a corporation should not be revoked for serious misrepresentation as to what it can do or is doing to the great prejudice of or damage to the general public.

Investigations by the SEC ZEO showed that Silverlion had been offering and selling investment packages to the public with guaranteed returns of 35 percent within just 15 days.

With this, investments ranging from P1,000 to P100,000 could yield returns worth P1,300 to P130,000, respectively.

The scheme involves the sale and offer of securities to the public in the form of investment contracts, whereby a person invests his money in a common enterprise and is led to expect profits primarily from the efforts of others, according to the SEC.

SCAM/PAGE 8

PH manufacturing posts uptick in Nov. performance

THE country’s manufacturing sector has logged an uptick in its November performance, the S&P Global manufacturing purchasing managers index (PMI) reported Thursday.

The records showed the manufacturing PMI improved to 52.7 from last month’s 52.6.

An index above 50 signals improvement in the manufacturing sector while below the neutral score means deterioration.

The uptick was linked to greater demand conditions that led to higher sales and output, PMI said, adding that the output and new orders growth rates last month were the highest since June of this year.

“The improvement across the sector primarily stemmed from greater demand conditions which drove higher sales and output,” S&P

Global Market Intelligence economist Maryam Baluch said.

The report added that domestic demand supported Philippine-based factories in November, as new orders from foreign markets continue to decline since March. However, the contraction last month was softer than the decrement in October.

Filipino manufacturers also increased purchasing inputs in November in anticipation of higher orders in the coming months.

The S&P also noted the decline in the work backlogs due to improved production efficiency.

On the other hand, surveyed manufacturers recorded a decline in headcount that ended the series of job creation in May this year.

Resignation among

employees was one of the common reasons cited for the fall in workforce numbers, the S&P report added.

Inflationary pressures remained elevated, with input prices increased last month due mainly to higher energy costs and peso depreciation.

Factories passed on the increasing costs to clients as S&P observed an increment in output prices.

“As the manufacturing sector has heavily relied on demand to help boost growth, the rise in rates, with the prospect of further potential monetary tightening, could impact customer spending,” Baluch added.

Manufacturers remain optimistic for the next 12 months often linked to greater client activity, economic recovery, and companies undertaking new projects. (PNA)

ALAPAAP

Created by: Brillante Mendoza

Playdate: November 18, 2022

Friends that get high together could fall together. It’s never a pretty sight, but see how the brilliant director Brillante Mendoza created a movie out of this sad reality in “Alapaap” that’s streaming on Vivamax this November.

Josef Elizalde, Katrina Dovey, Ali Asistio, Andrea Garcia, Cheska Paredes, and Luke Selby complete the cast of friends who experience hallucinations because of

substance abuse while on a trip. As they can no longer identify what is real and what is not, how can they still snap out of this situation? What made them turn to drugs in the first place?

Josef Elizalde plays Erik Bengzon, a filmmaking student who is eager to finish his thesis and to graduate soon. His parents, both doctors by profession, are not happy about his chosen field of study, thus

resulting in their constant disagreements.

Katrina Dovey plays Antonette Mercado, an only child to a former congressman and a socialite. At a young age, she witnessed her father’s suicide. She carries that trauma, and one would think that her mother would be there to help her through it, but Mrs. Mercado has detached herself from Antonette and everyone.

Ali Asistio plays Paul Plana,

a spoiled brat son of a highranking police officer. He helps Erik with his thesis, and supplies drugs to him and their peers. Paul is a drug user himself.

Luke Selby plays Adolf Fuller, Paul’s cousin from America who is in town for a vacation. He just goes with the flow, not even resisting the drugs handed to him. He is a closet queen and he is infatuated with Erik.

Andrea Garcia plays Cathy Delgado, Paul’s girlfriend who is a bisexual. She is having a secret affair with Joyce. She comes from a broken family.

Chesca Paredes plays Joyce Amores, a lesbian. Orphaned at a young age, she was raised by her grandmother who is a devout catholic. She is fine

being Cathy’s secret lover.

Angela Morena plays a crucial role as the subject of Erik’s short film.

Follow these drugdependent friends as they escape to a place where a local tribe and shamans exist. Will these problematic ones ever be able to distinguish between fantasy and reality in “Alapaap”?

Brillante’s no-script style of filmmaking was in force in this movie and newcomer British actor Luke Selby shared in an interview how scared he was at first. But the workshop he had with the director helped. His co-stars are all familiar faces to Vivamax viewers, and it’s going to be fun to see how the actors jive together.

Aurora de Crema – the best tasting café in western Misamis Oriental

By MARK FRANCISCO

IN El Salvador City, you will find the best tasting gourmet café in this part of Northern Mindanao.

That’s not a surprise since Aurora de Crema is founded and run by a chef who had her internship at the United States before finishing her culinary course here at Liceo de Cagayan University. On top of that, En was able to get herself

employed in a cruise ship cruising the Carribean for four years before getting a barista certification.

All these diverse experiences made the Aurora de Crema menu a fusion of comfort food such as ultimate breakfast (spam, tocino, sausage, egg and pickled papaya), Aurora’s pancake, Aurora’s cheezy fries, chezzy dynamite, crazy nachos, tuna salad sandwich, alfredo pasta and

creamy carbonara.

En’s barista side resulted in the following concoctions: Americano, latte, dark mocha, Spanish latte, white choco, caramel, hazelnut latte, nutcracker, Aurora’s best, ultimate chocolate, strawberry cream tea and wintermelon. But their bestseller is the bottled

coffee since that’s how they started.

Aurora de Crema is popular for people who are on their way to their flights but it is also frequented by Kagay-anons and Misamisnons alike who not only love their food but the picturesque vibe of the place.

And here’s more good news! Aurora de Crema will be expanding their space to a new and bigger establishment by the first quarter of next year. Aurora de Crema is located at Zone 1, Sinaloc, El Salvador City, Misamis Oriental. They are open from 9:00 a.m. to 8:00 p.m. daily

Cast: Josef Elizalde, Angela Morena, Katrina Dovey, Andrea Garcia, Chesca Paredes Ali Asistio, Richard Solano, Ali Khatibi, Luke Selby

Directed by: Freidric Macapagal Cortez

Banking & finance

WB sees slower growth in PHL remittances in 2023

REMITTANCE INFLOWS to the Philippines are expected to rise by 3.6% this year, the World Bank (WB) said, but it sees growth slowing in 2023 as a looming global economic slowdown is likely to weigh on overseas Filipino workers’ (OFWs) ability to send more money home.

On the other hand, Bangko Sentral ng Pilipinas

Governor Felipe M. Medalla said he expects OFW remittances “to be 4% to 5% higher (in 2022) than last year.”

In the latest World Bank Migration and Development Brief, the multilateral lender said remittance inflows to the Philippines are estimated to go up 3.6% to $38 billion this year.

The World Bank and

BSP’s remittance growth forecasts are slower than the 5.1% annual expansion seen in 2021.

“(Remittance growth) reflected benefits of bilateral arrangements that the Filipino government forged recently with destination governments (including Saudi Arabia) to improve the treatment of Filipino workers,” the World Bank

said.

The Philippines lifted the ban on the deployment of OFWs to Saudi Arabia in November. The ban was imposed in 2021 due to reports of alleged maltreatment of OFWs by Saudi employers.

The World Bank also said demand for skilled Filipino workers in the health and

Gov't growth projection still feasible amid rate upticks

HIKES in interest rates are not expected to greatly dampen the domestic economy’s 2023 growth, with Bangko Sentral ng Pilipinas (BSP) Governor Felipe Medalla citing pent up demand and recovery of tourism as drivers of growth.

“I would say that the DBCC (Development Budget Coordination Committee (DBCC) growth targets are still feasible,” Medalla told journalists Tuesday night.

DBCC’s next year growth target ranges between 6.5 to 8 percent, which is also the assumption until 2028.

BSP to release banknotes with signatures of Marcos, Medalla

THE BANGKO Sentral ng Pilipinas (BSP) is looking to release banknotes bearing the signatures of President Ferdinand R. Marcos, Jr. and central bank chief Felipe M. Medalla.

The new banknotes will be presented by the central bank to Malacañang in the first or second week of December, Mr. Medalla said on the sidelines of the BSP’s Stakeholders Appreciation ceremony on Tuesday evening.

These will be under the New Generation Currency (NGC) series of the central bank. The series has been the designated money for general circulation in denominations of P20, P50, P100, P200, P500, and P1,000.

In 2020, the BSP launched the enhanced NGC banknotes featuring the latest anti-counterfeiting technology. It also aimed to help the elderly and the visually impaired.

Mr. Marcos won the presidency in the May elections and assumed office on June 30. Mr. Medalla became the central bank governor as appointed by Mr. Marcos, replacing former BSP chief Benjamin E. Diokno, who now heads the Department of Finance.

The local currency has been bearing the signatures of the Philippine president and the central bank governor since 1949.

Meanwhile, the BSP is

also circulating 500 million pieces of P1,000 polymer banknotes in phases until June 2023.

The limited circulation test is meant to assess if the benefits reaped by other countries from using polymer bills will also be seen in the local setting.

According to the central bank, the new banknote is cleaner, and stronger than the current paper banknotes and can boost efforts against counterfeiting.

Its growth assumption for 2022 ranges 6.5 to 7.5 percent.

Economists and multilaterals forecast domestic growth to be around 5 to 6.3 percent next year.

Medalla cited as drivers of his optimism the possible pick-up of international tourism, which is among the major growth contributors for the Philippine economy.

“There’s also still quite a bit of pent up demand,” he said, adding that “postponed capex (capital expenditure) is still there.”

Household final consumption expenditures (HFCE) account for around 70 percent of the economy’s annual output.

In the third quarter of this year, HFCE grew by 8 percent year-on-year.

Growth, as measured by gross domestic product (GDP), in the third quarter rose further to 7.6 percent from quarter-ago’s upwardly revised 7.5 percent, bringing the year-to-date average to 7.8 percent.

Aside from domestic consumption and tourism, Medalla said the business process outsourcing (BPO) sector is among the sources of structural dollar inflows for the country.

He said the BPO sector also has “some legs”, noting the additional boost that it has been providing to domestic growth in the past years.

Earlier, Medalla said the recovery of the domestic economy is expected to cushion the impact of the continued hikes in the central bank’s key policy rates.

Since last May, the central bank’s policy-making Monetary Board (MB) has increased the BSP’s key rates by a total of 300 basis points as it bids to help address the accelerating domestic inflation rate.

The rate of price increases breached the government’s 2 to 4 percent target band last April when it climbed to 4.9 percent from 4 percent in the previous month due to the impact of higher oil prices.

Last October, it further accelerated to 7.7 percent,

RATE/PAGE 9

Sale...

from page 1

He narrated that “upon the COA’s approval of the sale, we were able to rehabilitate and operate the MPC Iligan diesel power plants just in time to deliver much needed power to Iligan City and other key areas in Mindanao during the May 2013 elections.”

Around that time, many areas in the Mindanao grid were being tormented with electricity service interruptions, hence, the Iligan diesel plant was able to shore up supply primarily for consumers in Iligan, Zamboanga City, General Santos, Pagadian, Butuan as well as other key cities.

The diesel generating assets were originally developed by the Alcantara group on a build-operate-transfer (BOT) scheme in the 1990s – and its counterparty then was state-run National Power Corporation.

Then after the lapse of that arrangement, the plant was turned over to NPC; and afterwards, it was acquired by the host city government; which was also instrumental in the asset sale to the Alcantaraled CHC in 2012.

The Iligan diesel plant remains as ‘peaking power source’ in the portfolio of the Alcantara group, in addition to its coal fleets as well as its forthcoming renewable energy-generated capacities.

Fiesta...

from page 1

competitions.

“The fact that the world is currently under inflation, pareha ra among nagasto karon ug sa una so makaingon ko nga naka-save mi,” Uy-Mendez said.

The rest of the activities are the following: night café, inter-barangay Christmas tree and parol contest, agro fair, sports fest, battle of the bands, senior citizens day, Villanueva Chorale concert, medical

mission, LTO mobile desk, Zumba marathon, free/massage blind masseurs, (SSS/Pagibig/PhilHealth/PSA mobile desk), celebrity basketball game, religious night, DepEd night, barangay and LGU night, fiesta civic parade, lights and dance festival, boxing at the park, gay/lesbian basketball, hiphop dance competition, fluvial parade, Christmas choral competition and New Year’s Eve fireworks display.

The town fiesta falls every December 11 in the midst of the yearly Christmas celebration.

And on that note, UyMendez and the rest of the officials of Villanueva is looking forward for a prosperous 2023 in the town.

Admin... from page 1

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.”

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 cochair, added that they agreed

21st Century Skills

By: Lorna D. Ogao – Ogao, Teacher III Sacred Heart Village Elem. School Zayas, Carmen, Cagayan de Oro City

21st Century Skills are considered the most important skills to succeed in today's workplace. 21st Century Skills include skills like critical thinking, communication, technology literacy, and more. Students will need to develop these skills in the classroom so they can have great careers in the future!

The social media has indeed greatly impacted and affected our lives today, greatly including the lives and behavior of our young ones, our schoolchildren, and our pupils. On the other, at school we can always integrate the use of the internet and the social media to our pupils. We can give them sites and pages that they can study over and visit and learn something from it but we must sure that the old ones or the teachers will supervise if it is legit or connected to the topic assigned in their assignment from school. As a teacher we must also equip for being a 21st century skills teacher especially now a day because our young ones are expert in using some gadgets. It has great impact to the future of our pupils to be equipped in 21st

century skills for their future because we cannot deny that our world now is rising in technology world. How can we teach our pupil the proper way to align the lesson in using the gadget to augment their skills in the future to meet the demand in the coming years.

21st century skills needed for the learners today are Leadership, teamwork, collaboration, cooperation, facility in using virtual workspaces. Information and communication technology (ICT) literacy, media and internet literacy, data interpretation and analysis, computer programming. Civic, ethical, and social-justice literacy in order to cope up the demand in the future. They can’t find difficult in living on that century comes if they are will equipped at the beginning. 21st century skills are tools that can be universally applied to enhance ways of thinking, learning, working and living in the world.

21st century skills need young people to be successful in this rapidly changing world and what competencies do teachers need, in turn.

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 government.

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

Exec...

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Officer of A Brown Company, Inc. (ABCI), and has over 20 years of experience in the field of people management, compensation, benefits and total rewards.

She is an Associate Fellow of People Management (AFPM) conferred by Philippine Association of Fellows, and a Certified Total Rewards Specialist (CTRS) by the ASEAN Total Rewards Institute.

Lawansa has a Bachelor's Degree in Psychology, Master in Business Administration, and Juris Doctor degree. PMAP, the Premier Organization of HR Professionals and People Managers in the Philippines with over 1,800 members and twenty four (24) chapters throughout the Philippines, helps institutions mold an enlightened, competent, socially responsible, and influential sector of people managers who can effectively participate in nation-building.

Charge...

from page 4

made you. In fact, no matter what the world says your value is, your real worth comes from how much your Maker paid for you. God Himself paid for you with His own life. He actually became a human being to die for all of your sins, so you could choose not to be separated from Him and live in the worst agony forever. Today, won’t you ask Jesus to forgive you for all of your wrong living and sins, and to become the Lord of every area of your life? It is only then you can start learning your real worth from the One Who designed and created you. Just think a minute…

Some students not taking their meals in coming to school

By JENNY C. BALSARZA Chairman, Science Department Opol National Secondary School

EARLY mornings are a rush for most families. Breakfast may not be a priority as the focus is on getting to work and school on time without looking like you just crawled out of bed.

Eating breakfast has been shown to improve cognitive performance in both children and adults. Concentration and the ability to stay focused are critical for optimal performance. It is important for you as a parent to lead by example and eat a healthy breakfast with your children. They will then learn this from a young age and you’ll reap the benefits as well.

Studies have shown that people who regularly eat breakfast are less likely to be overweight or obese.

When you skip breakfast, your blood sugar levels may drop by midmorning and you’ll crave something sugary and starchy. You may end up snacking on foods such as muffins, crisps, croissants, toasted sandwiches or sugary drinks such as hot chocolate, sweetened coffee, cappuccinos or fizzy drinks.

These refined carbohydrates may sort out your energy levels for an hour or so but will soon leave you feeling worse than before: tired, lethargic, cranky and wanting another snack. By the end of the day, you will have consumed far too many kilojoules without getting a good balance of high fiber, nutrient-dense carbohydrates, protein and fat.

About... from page 4

outright aggression, the ambulant vendors in Cogon market and elsewhere in the city’s public markets must realize by now that their continued congestion of the city’s streets by flooding the narrow city streets with their products won’t benefit them and the buyers they’re trying to court in the long term.

Sure they need to earn a livelihood but not at the expense of others who are also income earners like them that need to report to work and come home early. The more they remain defiant, the more they will invite public antagonism and I hope there won’t come a time when commuters, motorists and the ambulant vendors end up in violent confrontations over traffic congestion.

Not all of us can afford not to work for a living and what little effort these vendors and the riding public can spare to solve the traffic congestion will go a long way towards making Cagayan de Oro City’s streets and roads more passable and accessible to everyone.

Scam...

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Section 8 of the SRC provides that securities shall not be sold or offered for sale or distribution within the Philippines, without a registration statement duly filed with and approved by the SEC.

The SEC continues to be more proactive in its fight against illegal investment-taking activities.

This year, it has already issued 82 advisories against groups and individuals found to be soliciting investments from the public without the necessary license from the commission.

Earlier this month, the commission also issued an advisory against Frutas Comida Zamboanga, another unauthorized investment scheme in the region, to stop the public from investing in the group. (PR)

NOTICE OF PUBLICATION

BWM:

5 & 12, 2022

Unloading Teachers with Non-Teaching Functions

By Juliet B. Rabuza SIC/Kalawitan ES

The recent directive from DSWD to free teachers from preparing reports for Pantawid Pamilyang Pilipino Program (4Ps) is highly commendable. This is a very good example of addressing problems on the delivery of quality education to learners. A teacher who has a lot of nonteaching responsibilities could no longer focus on classroom instruction.

While it is in the teacher’s position description to perform other functions that would be assigned to him/her, but too much non-teaching functions will contribute to the deterioration of effective teaching. It will consume time, energy and even money and put a teacher under stressful situation. Stress affects productivity in the workplace.

There are other non-teaching functions that teachers could be free from so that they could concentrate on teaching-related responsibilities. The most common one is the preparation of liquidation reports, canvassing and purchasing of supplies.

Doing these tasks largely affects holding of classes. Preparing liquidation reports is stressful and time consuming that affects teachers time for lesson planning and making instructional materials. Holding of classes are also sacrificed in canvassing and purchasing of supplies.

Usually, these tasks cannot be finished in one day. Besides,

teachers usually spend their own money for transportation expenses.

Teachers’ tasks related to the disbursement of the school’s Maintenance and Other Operating Expenses (MOOE) could be done by other personnel so that teachers can focus on teaching. One way of addressing this concern is through the support of the provincial and municipal LGU by way of assigning job orders or casual employees to the schools. The Department of Education also may create personnel item in every school for this purpose. We know this adds to the problem on shortage of teachers but we also know that this is also geared towards delivery of quality education.

The aforementioned job orders or casual employees may also assist teachers assigned as Property Custodian and ICT Coordinator especially in encoding and submission of reports. They will not function as full-time Property Custodian and ICT Coordinator but they can do clerical jobs. They can also assist teachers in preparing other reports such as nutritional status, immunization, feeding program and others. Somehow, this will lessen the burden of teachers who are very busy

the public that

O. FABRICANTE-BEQUISO has filed this Office a petition for Correction of Clerical Error in the Certificate of Live Birth, From MALE To FEMALE who was born on FEBRUARY 10, 1971 at Gitagum, Misamis Oriental and whose parents are SALVADOR FABRICANTE and NARCISA ORQUILLAS. Any person adversely affected by said petition may file his written opposition with this Office not later than __________.

(SGD) FRANCIS Y. MIGALBIO Municipal Civil Registrar

hospitality sectors also drove remittances higher.

“With nearly 40-60% of their emigrants employed in the United States and the United Kingdom, the Philippines and Vietnam benefited from the wage hikes and labor shortages in these countries, even as the pandemic-related stimulus subsidies were phased out and recordhigh inflation eroded their remitting ability,” it said.

According to the World Bank, remittances to low- and middle-income countries jumped by an estimated 5% to $626 billion this year, slower than the 10.2% increase in 2021.

This year, the Philippines is expected to be the fourth-biggest recipient of remittances, after India ($100 billion), Mexico ($60 billion) and China ($51 billion).

India is the first country on track to receive more than $100 billion in annual remittances, the World Bank said.

Remittances to East Asia are projected to have inched up 0.7% to $134 billion in 2022, reversing the decline in the last two years. Excluding China, remittances to the region likely went up 3.7%.

“Migrants help to ease tight labor markets in host countries while supporting their families through remittances. Inclusive social protection policies have helped workers weather the income and employment uncertainties created by the COVID-19 (coronavirus disease 2019) pandemic. Such policies have global impacts through remittances

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. BWM Nov. 28, Dec. 5 & 12, 2022

and must be continued,” Michal Rutkowski, World Bank Global Director for Social Protection and Jobs, said in a statement.

SLOWER GROWTH The World Bank said remittances may grow at a slower pace of 2% to $639 billion in 2023, as a global slowdown may slash migrants’ wage gains in host countries.

“Downside risks, including a further deterioration in the war in Ukraine, volatile oil prices and currency exchange rates, and a deeper-thanexpected downturn in major high-income countries, are substantial,” it added.

The World Bank expects the growth of remittance inflows to the Philippines to ease to 2% to $39 billion in 2023.

An economic slowdown and a cost-of-living crisis in migrants’ destination countries will likely affect remittance inflows to East Asia, including the Philippines.

“Real GDP growth in high-income countries is projected to halve from 2.4% to 1.1%, with inflation remaining high at 4.4%. This will curtail East Asian migrants’ ability to remit, especially if job losses occur,” it said.

The World Bank noted lower oil prices may dampen remittance growth from Middle East countries to East Asian nations. Slower demand for East Asia’s manufactured exports “is expected to depress remittance flows to the lower-income East Asian countries,” it added.

Higher-income East Asian countries like China, Malaysia and Thailand, which export manufactured goods, usually employ migrants from lower-

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 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.

BWM Nov. 28, Dec. 5 & 12, 2022

income countries like the Philippines.

“When global demand for manufactured products slumps and migrants loses their jobs, remittance flows to the lower-income countries are adversely affected. The combined impact of these factors suggests that remittance growth in East Asia will be marginally negative (-1%) in 2023 with inflows totaling $133 billion,” the World Bank said.

Excluding China, remittances to East Asia are expected to grow “sluggishly” or 0.8% to $84 billion from $82.9 billion in 2022, the World Bank said.

Rate... from page 7

the highest since December 2008, due to faster annual inflation rate of the food and non-alcoholic beverages index.

The average inflation in the first 10 months this year stood at 5.4 percent.

Medalla expects inflation to peak either next month or in January 2023, noting that once it decelerates, he expects it to continue to slow until it returns to within-target levels by July or August next year. (PNA)

More... from page 11

critical watersheds in Angat, Ipo, La Mesa, Umiray, Laguna Lake, Kaliwa and Upper Marikina that supply potable water to Metro Manila and its environs -- from 2017 to 2021 through the Annual Million Trees Challenge (AMTC) of the Metropolitan Waterworks and Sewerage System (MWSS).

Velasco said reforesting the watersheds contributes to water security.

On the other hand, MTFI chairman emeritus, retired Gen. Reynaldo V. Velasco, said it is “our obligation to care for

EXTRA-JUDICIAL SETTLEMENT OF ESTATE OF WAIVER OF RIGHTS

KNOW ALL MEN BY THESE PRESENTS:

That the late SPOUSES RUSTICO S. JACALAN and ALEJANDRA RATUNIL JACALAN who died on May 24, 1997 and on June 12, 1989, both at Initao, Misamis Oriental, respectively, during their lifetime they left a property with Tax Declaration No. 21-0005-03330 A PARCEL OF AGRICULTURAL LAND, Lot No 1907, situated in the Barrio of Kanitoan, Municipality of Initao Province of Misamis Oriental, Island of Mindanao, containing an area of NINE THOUSAND NINE HUNDRED TWENTY-EIGHT (9,928) square meters more or less, and has been the of EXTRA-JUDICIAL SETTLEMENT OF ESTATE OF WAIVER OF RIGHTS. WE, LINDA J. PILONGO, NORIE RATUNIL JACALAN and HEIRS OF ANITA JACALAN REDONDO: namely CHRISTY JOY REDONDO ACUT and ROBERT J. REDONDO (whose personal circumstances are mentioned above) have agreed and covenanted to CEDE, TRANSFER and CONVEY unto our co-heir, HEIRS OF ELEUTERIO R. JACALAN, her heirs and assigns the full ownership and possession of the abovedescribed properties, filed by the heirs of SPOUSES RUSTICO S. JACALAN and ALEJANDRA RATUNIL JACALAN, per DOC#496;PAGE#100;BOOK# XIII; Series of 2022 under the Notarial Registry of ATTY. JAMES ELLEM E. MARFORI.

our environment.”

“Trees capture carbon dioxide and intensifying treeplanting means more trees to absorb carbon emissions,” he added.

MTFI has partnered with various organizations and the business sector to pursue its reforestation program.

One of its partners is San Miguel Corporation, one of the country’s leading conglomerates.

Bolstering its climate action initiatives, SMC power subsidiary SMC Global Power Holdings Corp. (SMCGP) reported the successful planting and growing of over five million new trees and mangroves from 2019 to date, under its multi-year, nationwide forestation and carbon capture program.

The company said it is also expanding the scope of the project to reforest areas around its new Battery Energy Storage System (BESS) facilities—the

first and largest such network in the Philippines and Southeast Asia.

SMC president and chief executive officer Ramon S. Ang said that as of Oct. 2022, SMCGP’s “Project 747” initiative has yielded a total of 5,010,116 upland and mangrove trees, across some 1,500 hectares of land.

The project’s goal is to plant seven million trees on some 4,000 hectares of land, in at least seven provinces. Thus far, SMCGP has planted in eight provinces -- Albay, Bataan, Bulacan, Davao Occidental, Negros Occidental, Pangasinan, Quezon province, and Zambales.

The observance of Global Warming and Climate Change Consciousness Week every Nov. 19-25 is pursuant to Presidential Proclamation No. 1667 issued by President Gloria Macapagal Arroyo on Nov. 18, 2008. (PNA)

OFWs to tap on their "entrepreneurial spirit and your ingenuity that is uniquely Filipino."

He expressed optimism that entrepreneurship will give OFWs an option to come back home, with the ultimate goal of making working abroad "a choice rather than a necessity."

"May these activities today serve as your guiding light as you pursue the next chapter of your livelihood that will allow you not only to contribute to our local economy but also to enrich the quality of lives of your loved ones," Marcos said.

"I trust that the activities ahead will shed light on topics such as financial management, smart investing, discerning business opportunities, and many others that will provide our OFWs in their reintegration into our economy as entrepreneurs," he added. (PNA)

Activities prelude to Quiapo Feast Day in January starts

MANILA – Some activities prelude to the celebration of the Feast of the Black Nazarene on Jan. 9, 2023 have stated.

According to the organizers of the muchanticipated annual event, the "pagdalaw" or the visit of the image of the Black Jesus Christ to different cities has started so as to discourage devotees to flock to the event in Manila next month.

The schedule of the visit will be from Dec. 1-15 and Dec. 27-29. For the dates and time of the visit to different places in the country, the public is advised to check the social media pages of the Minor Basilica of the Black Nazarene.

The Quiapo Church also reminded devotees that the blessing of the replica of the Black Nazarene and banner (estandarte) will be conducted for three days to accommodate all those

EXTRA JUDICIAL SETTLEMENT WITH SPECIAL POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS:

That the late, TERESA PABILLARAN PADINIT who died intestate on September 30, 1976 at Macasandig, Cagayan de Oro City, Philippines; that the decedent left 5 parcels of lands with TCT NO T-57514 situated in the district of Macasandig, City of Cagayan de Oro , Island of Mindanao, containing an area of 1,908 square meters, A parcel of Land with TCT NO. T57517 situated in the District on Macasandig, Cagayan de Oro City, Island of Philippines, containing an area of One Thousand Nine Hundred Nine (1,909) square meters, A parcel of Land with TCT NO. T-159078 located at Macasandig, Cagayan de Oro City, containing an area of Three Hundred (300) square meters, A parcel of Land with TCT NO. T-159083 located at Macasandig, Cagayan de Oro City, containing an area of One Thousand One Hundred Forty (1,140 sq.)., A parcel of Land with TCT NO. T-159081, located at Macasandig, Cagayan de Oro City, containing an area of One Hundred Sixty nine square meters, and has been the subject of EXTRA JUDICIAL SETTLEMENT WITH SPECIAL POWER OF ATTORNEY, filed by the heirs of TERESA PABILLARAN PADINIT, per DOC#265;PAGE#53;BOOK# 92; Series of 2021 under the Notarial Registry of ATTY. QUINTILIANITO S. BABARIN JR.

who want their images and banners to be blessed.

The blessing is scheduled from Dece. 27 to 29, 2022. It will be held at Plaza Miranda.

Devotees are advised that there will only be one entrance and exit to manage the flow of people. The entrance will be in Carriedo while the exit will be in Quezon Blvd.

The Thanksgiving motorcade will start at 11:00 p.m. on Dec. 30, 2022. The organizers released the route which is as follows:

From Plaza MirandaStraight to Villalobos, turn right - Carlos Palanca, then right - Plaza Lacson, RightCarriedo, Left - Evangelista, Right - Gonzalo Puyat, Right - Quezon Blvd., Left - Ilalim Palanca, Left - Quezon Blvd., Right - Arlegui, Left - Legarda, Left - Conception

Aguila.

Also, Right - Carcer, Right - Hidalgo, Left - Bilibid Viejo / G. Puyat, Left - Guzman, Right - Hidalgo, LeftQuezon Blvd., Right - Ilalim Palanca, Right - Villalobos, Plaza Miranda / Quiapo Church.

For three days, Jan. 7-9, 2023, the Black Nazarene image will be on display at the Quirino Grandstand.

On Jan. 8, there will be a Walk of Faith procession from Luneta to the Basilica after 12 a.m., after which a mass will be held to be officiated by Fr. Rufino Sescon Jr., rector of Quiapo Church.

The Feast Day Mass to be held on Jan. 9 at 12 a.m. will be headed by Manila Archbishop Cardinal Jose Advincula. (PNA)

Staff Required

SHAHIRA TRADING CORPORATION is a Japan Surplus cars & parts wholesaler. The company needs on permanent basis services of a “GENERAL MANAGER” who can manage all affairs of the company and report to the Board of Directors. His/ her responsibilities will include managing all affairs of the company, company assets and dealing with the market, supply side, demand analysis and engage stakeholders. The incumbent must have following qualifications and experiences.

- First university degree in any Social Sciences/Law or Business Administration.

- Minimum Ten (10) year experience in managing a medium size organization at national or international level.

- Excellent IT skills with expertise in MS Office.

- Excellent written and verbal communication skills.

If you meet the requirements please apply with all credentials and curriculum vitae within one week of the publication of this advertisement.

SHAHIRA TRADING CORPORATION

Zone 7, Barra Opol, Misamis Oriental Tel. 0915-3291049

MINDANAO FEATURE

CREDIBLE RELIABLE IN-DEPTH

Dream Residences show off its unparalleled experience of luxury and comfort

Dream Residences has just finished the topping off ceremony of its commercial building and hotel suites across Del Monte Golf Course, one of the internationally developed golf courses in The Philippines.

The ceremony was participated in by hundreds of its distinguished guests, accredited agents and brokers all over Northern Mindanao.

If you want to experience living a life of luxury and comfort, you must invest in one of Dream Residences top and best choices. Nestled in the cool breeze of the landlocked province of Bukidnon, Dream Residences should be a dream come true for everyone who wants to

live like being there in Baguio. The cool atmosphere of the provinces surrounded by green mountains and waterfalls is gonna be an experience of a lifetime.

If you love golfing then the more that you will like living with Dream Residences unique touch of nature designed with the best golfing destinations in the country.

With Dream residences, all Hotel Suites come with Clean Edge Lighting

that helps to sterilize the place and can kill 99.9% of viruses and harmful bacteria. These Hotel Suites are secured by Samsung Smart Door Lock System from Korea.

Dream Residences is also designed with pool villas, which are spacious and most comfortable for nature lovers and all those who love the scenery of nature. Indeed, Dream Residen1ces is the perfect definition of home away from home.

Dream Residences offers not only a living paradise but it also has

condos for businessrelated purposes which will give every entrepreneur the potential to profit from investments and other business opportunities.

Dream Commercial Condominiums offer its investors the perfect opportunity to be positioned right across the historic and prestigious 18-hole Del Monte Golf Course and enjoy substantial business/rental income and exponential price appreciation due to its intrinsic real estate value.

Topping Off Ceremony of Commercial Building & Hotel Suites

Commercial Building of Dream Residences, facing Del Monte Golf Course

Dream Residences show off its unparalleled experience of luxury and comfort

Capital A to combine AirAsia and AirAsia X

MALAYSIA’S Capital A will combine its AirAsia budget airline business with long-haul offshoot AirAsia X as part of a corporate restructuring designed to shed its status as a financially distressed firm, its Chief Executive Tony Fernandes said.

Capital A, headed by Mr. Fernandes, will retain the digital, logistics and aviation services businesses, while AirAsia X will be renamed AirAsia Aviation and be led by long-time Executive Bo Lingam under the plan.

Capital A hopes to submit to Bursa Malaysia Securities for approval in February.

Capital A, which racked up losses during the pandemic, was in January classified as a “Practice Note 17” or PN17 company by the Malaysian bourse, a tag given to financially

distressed firms. PN17 companies may be de-listed if they fail to regularize their finances within a set time frame.

AirAsia X is also classified as PN17, but in an interview with Reuters on Tuesday, Mr. Fernandes said under the restructuring plan, both listed companies would emerge from that status by July 2023.

Capital A investors will receive an in-specie distribution in the former AirAsia X, giving them exposure to a pure airline business with multiple brands.

“From what looked like a very sick airline, we’ve saved it,” he said of AirAsia, which grounded most of its fleet during the pandemic. “We are refloating it and listing it as an independent listed vehicle.”

The AirAsia Aviation business would raise capital, possibly in tandem with a dual listing in the United States or elsewhere in Asia, Mr. Fernandes said, and pursue growth opportunities like setting up new airlines in places such as Vietnam and Cambodia.

Capital A, in turn, could look to list its aviation services business, including maintenance and catering, in Singapore where rivals like Singapore Technologies Engineering and Singapore Airport Terminal Services could serve as comparable companies, he added.

AirAsia expects to have 140 planes out of its fleet of 205 back in service by the end of the year, down from an August estimate of 160, as it faces maintenance capacity bottlenecks after more than two years of

groundings, Mr. Fernandes said.

Capital A will release its third-quarter financial results on Wednesday.

Mr. Fernandes said a recent decline in the oil price and strengthening of local currencies was helping to improve the company’s outlook.

Capital A shares have fallen 25% since the start of the year, underperforming rivals with stronger balance sheets such as Singapore Airlines and Cathay Pacific Airways, which have posted gains of 9% and 21%, respectively.

Mr. Fernandes said the distressed-company status had a “major impact” on the airline’s share price by reducing investor confidence, which he hoped to restore through the restructuring plan.

Foundation urges planting of more trees to combat global warming

By Ben Cal

MANILA – In its continued support to contain the ill effects of global warming and climate change, the Million Trees Foundation, Inc. (MTFI) has renewed its call for all stakeholders in the country to plant more trees in support of the government's ongoing reforestation program.

“Our goal is to plant more trees and grow them. MTFI’s objective is really to grow trees in critical watersheds and continue the gains of the Annual Million Tree Challenge,” MTFI president and executive director Melandrew Velasco said in a statement sent to the Philippine News Agency on Wednesday.

This is after the country observed Global Warming and Climate Change Consciousness Week from

(Photo

Nov. 18-25.

MTFI, a non-profit organization, has urged all stakeholders to support the priority programs of the Department of Environment and Natural Resources (DENR) to ensure an integrated approach to climate change and ensure water security, especially in high water-stressed areas.

“We make sure the tree species we plant are compatible with the type of soil,” Velasco said, adding that this contributes to the success of reforestation.

MTFI targets to plant 10 million more trees by 2030. It has succeeded in planting 5.2 million trees -- in seven

/PAGE 9

Solon seeks naming of Albay town as eco-tourism zone

LEGAZPI CITY – A lawmaker in Albay province has filed a bill seeking the declaration of Jovellar town as an eco-tourism zone.

In a social media post on Friday, Albay 3rd District Representative Fernando Cabredo noted that House Bill No. 6016 is a re-filed proposed measure and was already approved by the 18th Congress.

"I believe that developing

By Connie Calipay

the Municipality of Jovellar into a tourism haven will generate investment, employment and business opportunities that will uplift the living conditions of the residents," Cabredo said.

The lawmaker is looking forward to its consideration in the Senate and approval by the President into a Republic Act.

Jovellar has an abundance

of natural wonders such as caves, waterfalls, hills and mountains that all have tremendous tourism potential.

It is also home to the Quitinday Falls, underground rivers, and the scenic Quipia River that runs all the way to Donsol, a municipality in Sorsogon where the world-famous "butanding" or whale sharks are found. (PNA)

PBBM gives P200K each to 'inspiring' OFWs

By Ruth Abbey Gita-Carlos

MANILA – President Ferdinand R. Marcos Jr. has granted PHP200,000 each to the nine recipients of the 2022 Kabayan Awards conferred on inspiring overseas Filipino workers (OFWs).

The granting of cash reward was announced by First Lady Louise "Liza" Araneta-Marcos who graced the Go Negosyo's Kabayan 2022 event held on Saturday at SM Mall of Asia in Pasay City.

"Pinapasabi ho ng asawa ko na meron siyang bonus sa mga awardees na tig- PHP200,000 each (My husband wants you to know that he will give each awardee a bonus of PHP200,000 cash). Merry Christmas, everybody. Thank you to the awardees. Congratulations," Araneta-Marcos , who attended the Go Negosyo's event on behalf of the President, said.

During the Kabayan 2022 awarding ceremony, Alvin Esperida (Bodega ni Tatay); Angelito Castro (Angel Castro Aqua Ventures); Madel delos Santos (Ledam's Collections Company); Mark Durotan (Diko's Food Processing & Diko's Integrated Farm); Marvin Intal (Intal Garments); and Elpidia Abel (active OFW for 30 years) were named "Inspiring OFW" awardees.

Anthony Leuterio of Filipino Homes, Jeffrey Guansing of Team Harabas, and Malou Prado of MPQ Travel & Tourism Dubai, were hailed as "Honorary OFW" awardees.

The theme of the Kabayan 2022 event is "Kabuhayan, Kinabukasan, at Kaagapay ng Pamilyang OFW."

In his message for the event, Marcos assured the OFWs of his administration's full support as they begin their journey toward entrepreneurship.

"As President, I assure you that the national government will continuously work to ensure the welfare and competitiveness of our OFWs during my administration. We will continue to pursue initiatives that will ensure your well-being and develop anew the skills that the global workforce requires," Marcos said.

"At the same time, we will open up more and better opportunities for you at home so that you can help us in writing a new and vibrant chapter for our great nation," he added.

Marcos gave the assurance, as he believed in the OFW's potential, noting their significant contributions to the Philippine economy and labor force.

"In our country's most trying times, you remained as a solid foundation of our economy, ensuring the generation of remittances to support your loved ones and keep our country afloat. For all this, I thank you," he said. "In today's activities, we aim to make entrepreneurship as an avenue where we can help OFWs and their families generate additional income to support their needs."

Marcos also encouraged

G7, Australia agree on $60 price cap for Russian oil per barrel

WASHINGTON – Members of the Group of Seven (G7) and Australia have agreed to set the price cap on Russian oil at the level of $60 per barrel, the countries said in a joint statement.

"The G7 and Australia, as current members of the Price Cap Coalition, on 2 December 2022 reached consensus on a maximum price of 60 U.S. dollars per barrel for seaborne Russian-origin crude oil," the statement says.

The decision will enter into force "on 5 December

2022 or very soon thereafter.".

The price cap on petroleum products, agreed by the G7 and Australia, will come into force on February 5, 2023, the countries said in a joint statement.

"We reiterate our decision that the price cap on Russianorigin petroleum products will enter into force on 5 February 2023. We will announce the maximum prices for Russian-origin petroleum products (one for high-value and one for low-value refined products)

separately," the statement says.

Countries of the Group of Seven and Australia are set to gradually phase out the use of Russian oil on their domestic markets, according to a joint statement released.

"We reaffirm our intention to phase out Russian-origin crude oil and petroleum products from our domestic markets," the document says.

"This commitment remains unchanged by the implementation of the price cap." (TASS)

COUNCILOR BALABA DISTRIBUTED OVER 200 NEGO CART TO CDO VENDORS IN 2022

By Ercel Maandig

Cagayan de Oro - There are already over 200 Nego Cart distributed by the Department of Labor and Employment (DoLE) here in the city for this year alone for the city's small entrepreneur that was requested by 2nd District Councilor Girlie Balaba.

Balaba is hoping that there are still sets of Nego Cart will be availed by vendors of the city were she already talk to DoLE for another sets of business equipments for interested individuals .

The lady Councilor was overwhelmed by the turned out of the cart were many are benifited on it and it can create to her a very heartwarming

gesture when she saw every corner of main thoroughfare of the city a Nego Cart loaded with enterprise and food products but there are also few who are unattended.

She asks every Kagayanon to

report to her any unattended carts for DoLE will retrieve it and give it to others who are interested.City Councilor Girlie Balaba is the Chairperson in the Committee on Labor and Employment and Social services.

courtesy of DENR-3)