BusinessWeek Mindanao (February 1-2, 2023)

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‘Happy home’

DAVAO City – The South Cotabato provincial government has expressed interest in how the Davao Oriental province runs its Happy Home, a halfway house for former communist rebels. In a statement Monday, Karen Lou Deloso, Davao Oriental’s provincial information officer, said delegates from South Cotabato visited the province's Happy Home last week to learn about management strategies in order to improve its own program for rebel returnees. “The delegates from South Cotabato expressed their gratitude to the provincial government for giving them an idea about operating this kind of facility. South Cotabato began its facility’s operation only a year ago,” Deloso said.

Vital for tourism

DAVAO City – Tourism

Secretary Christina GarciaFrasco on Friday underscored the importance of Mindanao to the country's tourism development, describing the island as a “hidden gem” that has yet to be fully developed. Gracing the opening of the Jan. 27–29 firstever Mindanao Tourism Expo (MTE) here, Frasco said they are currently collaborating with local and provincial officials to further showcase the beauty of the island region. "We want to ensure that we allow our tourists both international and local peek into the soul of Mindanao and the soul of the Filipino people," she said in an interview.

Smuggled onions

THE Bureau of Customs (BOC) - Port of Zamboanga (POZ) has seized P18.6 million worth of smuggled onions in a vessel in Zamboanga City last week.

In a statement Tuesday, the port said it has intercepted 5,611 mesh bags of imported red onions with an estimated market value of P8.5 million and 2,249 mesh bags of imported white onions valued at P10.1 million during a maritime patrol operation in Barangay Ayala, Zamboanga City on Jan. 25.

The onions are loaded in a vessel marked "MV Princess Nurdisza," which allegedly came from Taganak, TawiTawi province are bound for Barangay Baliwasan.

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Electricity spot market now in full operation

By MYRNA M. VELASCO Contributor

AFTER roughly eight years of delay and three government administrations, the Wholesale Electricity Spot Market (WESM) in Mindanao finally gained traction on its commercial operations phase on January 26 this year.

In an advisory to the trading participants, the market operator indicated that the spot market in the southernmost power grid got on commercial stream at 05:00am dispatch interval on Thursday, Jan. 26, and has moved on to its live trading since then.

According to the Independent Electricity Market Operator of the Philippines (IEMOP), it will “oversee the market operations of WESM-Mindanao,” and it will be employing its two main systems for this

JICA not funding Davao’s waste-to-energy project

Government seeking China grants for Vis-Min bridges

THE Department of Public Works and Highways (DPWH) is hoping to obtain “grant assistance” from the Chinese government for bridges in the Visayas and Mindanao.

“I have had active discussions with them,”

DPWH Secretary Manuel M. Bonoan said during the ceremonial opening of the Binondo-Intramuros Bridge linear park and pedestrian stairs project.

He said that the grants being proposed will be for bridges outside the capital

region.

The Chinese government has provided various grants for projects in the capital, including $75 million for the Binondo-Intramuros Bridge and the Estrella-Pantaleon Bridge during the previous administration.

“We are trying to get some more grant assistance for other bridges like in Bohol and Mindanao,” Mr. Bonoan said.

He added that one of the bridges being proposed for a Chinese grant is the one

Davao City targets 1.8M tourists in 2023

By ANTONIO L. COLINA IV MindaNews

arrivals to the pre-pandemic level.

DAVAO City — Former Sarangani Governor Miguel Rene Alcantara Dominguez has joined the 60-year-old Alsons Development and Investment Corporation (Alsons Dev) as its new director who will oversee the business strategy and operations of the premier property developer and real estate pioneer in Davao City. Alsons Dev is the real estate

By ANTONIO L. COLINA IV MindaNews

DAVAO City — The Japan International Cooperation Agency (JICA) is “neither funding nor implementing” the proposed waste-toenergy (WTE) facility of the local government of Davao City, Ide Soichiro, senior representative of JICA Philippines, said.

This after environmental groups claimed that the agency is supporting the construction of this facility in the city.

“We would like to clarify that JICA is neither funding nor implementing the wasteto-energy facility project in Davao City,” he said.

He said JICA has always anchored its development

cooperation with the Philippines through consultations with local stakeholders to promote sustainable, inclusive, and resilient growth.

He said the agency’s cooperation with the Philippines has always centered on “integrated society efforts” in addressing

DAVAO City – The Davao City Tourism Office targets to attract around 1.8 million visitors for this year.

Jennifer Romero, head of the local tourism office, said during Kapehan sa Dabaw on Monday that a number of big conventions and other events have been lined up this year, in which the tourism stakeholders hope would gradually bring the number of

She said the local government recorded 897,406 arrivals for the entire 2022, significantly lower compared with the 2.5 million reported in 2019, the banner year for the city’s tourism industry.

She said the city targets to receive 2.5 million visitors in 2024 and 2.7 million in 2025.

But Romeo added that it

LPG BEFORE PRICE HIKE. Workers unload liquified petroleum gas cylinders at a retail store along R. Castillo Street, Davao City on Tuesday (31 January 2023). Prices of cooking gas are set to increase by at least P8 per kilogram Wednesday. MindaNews Photo

COMPENSATION BOARD CHAIR. Maisara C. Dandamun-Latiph takes her oath as chairperson of the Marawi Compensation Board before Executive Secretary Lucas Bersamin. Photo courtesy of the Presidential Communications Office

BARMM solon seeks creation of regional PopCom office

COTABATO City – A parliament member of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) is seeking the establishment of the Bangsamoro Commission on Population Management and Development (BCPD) to achieve and sustain progress through a well-managed population.

Parliament member Dr. Kadil Sinolinding Jr. filed Monday the Bangsamoro Transition Authority (BTA) Bill No. 110, otherwise known as the BCPD Act of 2023, to ensure an improved implementation of the Philippine population management program in the region.

“A well-managed

population achieves population processes and outputs that are consistent, complementary, and facilitative to the region’s socioeconomic and human development,” Sinolinding, an ophthalmologist by profession, said.

Under the proposal, the BCPD will be in charge of recommending, planning, coordinating, executing, and monitoring population management and development policies and programs in the region. It will be an attached agency of the Bangsamoro Planning and Development Authority (BPDA), The BCPD will have the same structure as the Population Commission (PopCom), supervised by

the National Economic and Development Authority, for efficient mechanisms from the national to the local level.

Once enacted into law, the BCPD office will also create the Population Management and Development Program (PMDP), in the context of existing cultural norms and religious convictions of the people, to ensure sustainable human and socioeconomic development and better health outcomes in the region.

According to the Philippine Statistics Authority’s (PSA) 2020 Census Population and Housing results, BARMM recorded a 4.4 million population, or 3.26 percent increase from 2.89 percent in 2015. (PNA)

P29-M worth of smuggled fuel seized in Tawi-Tawi

ZAMBOANGA City –Authorities have apprehended two vessels loaded with 400,000 liters of diesel estimated worth P29.6 million in Tawi-Tawi province, a top military official reported Tuesday.

Brigadier Gen. Romeo Racadio, Joint Task Force (JTF)-Tawi-Tawi commander, said the vessels were caught

illegally loading diesel Saturday in Lihiman Island, Turtle Islands municipality.

Before the apprehension of the two vessels, Racadio said the police in Turtle Islands town received information that illegal loading of diesel is taking place in Lihiman Island.

He said joint marines

January 30, 2023

and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the implementation of the Administrative Order No. 1 Series of 2012 (IRR on R.A. 10172). Notice is hereby served to the public that NORMAN SALIOT SISLES has filed with this Office, a petition for the change of first name from “ NORMA ” to “ NORMAN ” and correction of entry in GENDER from “FEMALE ” to “ MALE” in the certificate of live birth of NORMA SALIOT SISLES at Medina, Misamis Oriental and whose parents are NESTOR VALMORIA SISLES and MERLYN QUIDET SALIOT

Any person adversely affected by said petition may file his written opposition with this office not later than FEBRUARY 14, 2023.

FRIETCHIE VIRTUDAZO-REYES

Municipal Civil Registrar I

and police forces caught in the act the foreign-owned vessel, Marnia Penang, loading diesel to Jaslyn Stacy Legazpi, a Filipino-owned motor tanker during the conduct of a maritime patrol to validate the information.

Investigation showed that Marnia Penang with 16 crewmen sailed from Deojor, Malaysia, to illegally unload 400,000 liters of diesel to Jaslyn

EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE LATE LUZ J. DUNQUE WITH WAIVER AND TRANSFER OF RIGHTS

BWM: FEB. 1 & 8, 2023

Grade 12 Learners Baits For NAT

By Jerry P. Ramo Master Teacher I

The term achievement means the whole display showing shield, helmet, crest, mantling, wreath, and, if appropriate, additaments such as a motto and supporters. In addition, an achievement may include representations of various knightly orders or companionships of knightly orders to which the owner of the arms is entitled (Encyclopedia Britanica). In the field of education, achievement referred to as a thing done successfully.

On January 30-31,2023

Grade 12 learners from Gumabon National High School try their best in responding National Achievement Test (NAT) questions found in the test booklet in relation to various competencies with their Senior High School subjects. There are twenty learners taking the National Achievement Test

(NAT) implemented by the Department of Education.

There are 2 sets of test, Set A on January 30,2023 in the morning & Set B on January 31,2023 too.

The NAT is to measuring the competitiveness of the learners relative to their knowledge gained from their teacher based in the Curriculum Guide (CG), 1 among the tools used by the teacher in instilling the competencies to the learners of the subject taught. The said NAT in Gumabon NHS is administered by Mr. Rowenn Clemeña a teacher assigned in Consuelo NHS with the management of Mr. Jerry P. Ramo the School Head of Gumabon NHS. The learners devotedly answer the test as to the given time allotment. What a GREAT ACHIEVEMENT someday having good scores upon the release of NAT result?

Mabuhay Gumabon NHS…

NOTICE is hereby given that LATE LUZ J. DUNQUE who died on July 14, 1997 at Cagayan de Oro City without any will; That said deceased at the time of her death, left a parcel of land with Tax Declaration No. G-031924 and Property Index No. 164-02-045-06-010 with an area of 349 sq.m. more or less, located at Barangay Tablon, Cagayan de Oro City, Island of Mindanao. Is the subject of EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE LATE LUZ J. DUNQUE WITH WAIVER AND TRANSFER OF RIGHTS, made and entered into by and among the legal heirs of the LATE LUZ J. DUNQUE, namely; 1. GREGORIO J. DUNQUE JR., of legal age, Filipino, married and with residence address at Purok 3, Tablon, Cagayan de Oro City, hereinafter referred to as HEIR; 2. LUCITA D. LIGASPI, of legal age, Filipino, married and with residence address at Purok 3, Tablon, Cagayan de Oro City, hereinafter referred to as HEIR; 3. ELEANOR D. TALLE, of legal age, Filipino, married and with residence address at Purok 3, Tablon, Cagayan de Oro City, hereinafter referred to as HEIR; 4. RUSSEL D. JOMOC, of legal age, Filipino, married and with residence address at Purok 3, Tablon, Cagayan de Oro City, hereinafter referred to as HEIR; 5. LIBERTY J. DUNQUE, of legal age, Filipino, married and with residence address at Purok 3, Tablon, Cagayan de Oro City, hereinafter referred to as HEIR; 6. FAUSTO J. DUNQUE, of legal age, Filipino, married and with residence address at Purok 3, Tablon, Cagayan de Oro City, hereinafter referred to as HEIR; and 7. LYNDON J. DUNQUE, of legal age, Filipino, married and with residence address at Purok 3, Tablon, Cagayan de Oro City, hereinafter referred to as HEIR; That portion of the said lot with an area of 90 square meter more or less will be given and transfer to GREGORIO DUNQUE. The said portion of the said parcel of land is hereby designated as Lot 19150-D-4 based in the Sketch Plan by Geodetic Engr. Analie L. Baal. That portion of the said lot with an area of 50 square meter more or less will be given and transfer to DOLLY D. APAO. 'The said portion of the said parcel of land is hereby designated as Lot 19150-D-1 based in the Sketch Plan by Geodetic Engr. Analie L. Baal. That portion of the said lot with an area of 85 square meter more or less will be given and transfer to LUCITA D. LEGASPI. The said portion of the said parcel of land is hereby designated as Lot 19150-D-2 based in the Sketch Plan by Geodetic Engr. Analie L. Baal. That portion of the said lot with an area of 90 square meter more or less will be given and transfer to FAUSTO J. DUNQUE. The said portion of the said parcel of land is hereby designated as Lot 19150-D-2 based in the Sketch Plan by Geodetic Engr. Analie L. Baal, filed by the heirs of LATE LUZ J. DUNQUE. As per Doc. No.

Back to normalization, lower taxes to fuel higher GDP

THE continued normalization of the Philippine economy, along with the impact of lower individual income tax, reform measures and demographic dividends, among others, are expected to fuel domestic growth this year.

In a report on Thursday, Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort said the economy continues to have “bright spots” such as the resilient overseas Filipino workers’ (OFW) remittances, exports, near record-low unemployment rate and growth of the manufacturing sector.

The country’s gross domestic product (GDP) slowed in the last quarter of 2022 to 7.2 percent from the previous three month’s 7.6 percent amid the impact of elevated inflation.

The full-year average economic growth reached 7.6 percent, exceeding the government’s 6.5 to 7.5 percent assumption.

“Philippine GDP growth estimate for 2023 could normalize to around 6-7

percent in 2023 and beyond with the stabilization of the GDP base/denominator (with no more lockdowns in 2022),” he said.

The government’s 2023 GDP assumption has been lowered to between 6 to 7 percent from 6.5 to 8 percent given the impact of external developments, such as the projected recession of the United States economy.

Ricafort cited several factors expected to drive economic expansion this year, including demographic dividend, which is the result of having a large number of young and working-aged population.

He said gains from demographic dividend boost domestic growth since it “supports continued resilience of consumer spending”, which accounts for at least 75 percent of the economy.

Ricafort said these gains can be achieved “provided the population becomes more productive, especially those in the labor force; as well as (a) good foundation

on education, nutrition, and health care for the youth to prepare the next generation to become more economically productive in the future.”

He said further cuts in individual income tax this year, as a result of the Tax Reform for Acceleration and Inclusion (TRAIN) law, “could lead to increased consumer spending, which accounts for at least 75 percent of the economy,.”

This, Ricafort said, could “lead to faster economic/ GDP growth; to also help ease the adverse effects of higher prices/inflation recently.”

Meanwhile, Ricafort said expectations of continued robust growth of the domestic economy back further hikes in the Bangko Sentral ng Pilipinas’ (BSP) key policy rates, which is “largely expected to match any future Fed (Federal Reserve) rate hikes).’

Any increase in the BSP’s key rates, he added, could “help stabilize the peso exchange rate and overall inflation, as a policy priority.” (PNA)

BSP: Islamic banking not exclusive to Muslims

ISLAMIC banking is not exclusive to Muslims as it provides alternative financial products outside the conventional financial institutions, a ranking central bank official said.

Speaking during Tuesday's Laging Handa briefing, Bangko Sentral ng Pilipinas (BSP) Assistant Governor Arifa Ala said the government

is adopting a whole-ofgovernment approach to ensure a level playing field for both conventional and Islamic banking systems.

“By establishing an Islamic banking system, we will be providing the Filipino people, whether Muslims or nonMuslims, alternative financial products that can serve their requirements,” she said.

The Islamic banking system uses the Shari’ah principle wherein risks and profits are shared both by the financial institution and the account holders.

“In an Islamic banking institution, a partnership is created and the clients and the Islamic bank share in the profits and risks arising out

Economist eyes further growth in PH balance of payments

THE Philippines’ balance of payment (BOP) position reversed to a surplus in December 2022 to $612 million and an economist forecasts further improvement in the coming months as structural US dollar inflows continue to increase.

Data released by the Bangko Sentral ng Pilipinas

(BSP) on Thursday showed that the BOP position, which is the sum of a country's total trade with the rest of the world, last December is better than the previous month’s $756 million deficit but is lower than year-ago’s $991 million surplus. The latest figures brought the end-2022 BOP position to a

deficit of $7.26 billion, higher than the $1.35 billion deficit in end-2021.

Rizal Commercial Banking Corporation (RCBC) chief economist Michael Ricafort traced the improvement in the country’s BOP position at the end of last year partly to the seasonal increase of

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ROUSED TO ANGER? opinion

Anger. A day rarely goes by without us feeling angry. It is not necessary to cite examples. Sometimes, it's just a minor reason like we hate the fly at the wall. Sometimes anger has important reasons.

Some common synonyms of anger are fury, indignation, ire, rage, and wrath. While all these words mean "an intense emotional state induced by displeasure," anger, the most general term, names the reaction but by itself does not convey cause or intensity.

up, pushing a trolley down a narrow aisle surrounded by restless passengers. A toddler is blocking your path, his parents not immediately visible. A passenger is irritated that he can no longer pay cash for an in-flight meal, another is demanding to be allowed past to use the toilet. And your job is to meet all of their needs with the same show of friendly willingness. For a cabin crew member, this is when emotional labor kicks in at work.

you had, the more emotional labor was needed.

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Life With People (Part 2)

Think a minute… A pop song said: “People who need people are the luckiest people in the world.” But to learn how to live happily and successfully with others, we must first unlearn our unhealthy, bad habits and ways with people.

Sometimes we run away rather than work through our disagreements and differences.

Like a child who gets angry and says: “I’m going home. I’m not going to be your friend anymore!” Our feelings get hurt—so we quit our job, end a friendship, even get a divorce.

“We take the easy way and just move on rather than grow up.” But if you keep moving on from one relationship to another, you will never have the success, satisfaction and rewards of close, lasting relationships.

Many couples could learn to live happily together if they did not resort to this revenge or payback mentality. But lashing out and hurting the other person just makes things worse and is the most damaging way to deal with our differences— including the lasting pain and problems through which we put our kids. We would have much happier lives if instead we simply admitted our faults and did what is needed in our marriage, parenting, and other

Anger seems to become the main part of our daily life. That's why it is really important to talk (again?) about this phenomenon. As I said, anger is one of the most basic emotions. Everyone can really get angry. If someone told you, he won't get angry, better don't believe him.

Anger is a terrible feeling of being against something or someone. It can be my neighbor, because he is still (!) burning poisonous plastic and rubber garbage. Many of us get angry observing some politicians during those days worldwide.

Anger is a hostile emotion that sets people against one and another, or even against themselves. By its nature, anger involves opposition, hostility, hatred and dislike. Anger, however, is simpler to define than to identify. Emotions of antagonism can take a wider variety of faces. Expressions of anger range from the overt, in-your-face brand of open hostility to the cold indifference of a silent individual.

Anger at the workplace is becoming very common nowadays.

One of my good friends works as a stewardess. Imagine yourself 35,000 feet

THINK A MINUTE

JHAN TIAFAU HURST

relationships.

The first ingredient of successful relationships is communication. With no communication, you have no relationship. At the end of our life, some of our biggest regrets will be all the things we did not say to the ones we love. We so often misunderstand and misread people. That is why we need to kindly tell each other how we truly feel and not pretend everything is fine. The sooner we open up and honestly talk about our real feelings, the sooner we will be happier and healthier.

A second ingredient we need for strong, happy relationships is acceptance. Can you honestly say to people: “I accept you just as you are. You can make your own choices

A term first coined by sociologist Arlie Hochschild, it’s the work we do to regulate our emotions to create “a publicly visible facial and bodily display within the workplace”.

At times, anger can be felt like an inner fire. It hits you in the gut. You see red and feel hot and maybe sweaty. Your stomach gives you problems, our blood pressure rises, and breathing rate increases. Not only neighbors or politicians are the reason for anger. The silent withdrawal and lack of understanding and innumerable shortcomings of a partner or in the family are often an indication that one is angrily punishing the other for not doing things his or her way.

Back to the workplace: unhelpful attitudes such as ‘I’m not good enough’ may lead to thinking patterns in the workplace such as ‘Noone else is working as hard as I seem to be’ or ‘I must do a perfect job’, and can initiate and maintain high levels of workplace anxiety.

When research into emotional labor first began, it focused on the service industry with the underlying presumption that the more client or customer interaction

However, more recently psychologists have expanded their focus to other professions and found burnout can relate more closely to how employees manage their emotions during interactions, rather than the volume of interactions themselves. Perhaps just only today you turned to a colleague to convey interest in what they said, or had to work hard not to rise to criticism. It may have been that biting your lip rather than expressing feeling hurt was particularly demanding of your inner resource.

But in some cases maintaining the façade can become too much, and the toll is cumulative.

As I stated earlier: Minor things could become the start of anger. Over the years, handling the stress caused by suppressing one's emotions became much harder. Small things seemed huge, we easily dreaded going to work and anxiety escalated.

Across the globe, employees in many professions are expected to embrace a work culture that requires the outward display of particular emotions – these can include ambition, aggression and a hunger for success.

The way we handle emotional labor can be categorized in two ways –surface acting and deep acting.

“How we cope with high levels of emotional labour likely has its origins in childhood experience, which shapes the attitudes we develop about ourselves, others and the world,” says clinical and occupational psychologist Lucy Leonard.

Workers are often expected to provide good service to people expressing anger or

anxiety – and may have to do this while feeling frustrated, worried or offended themselves.

Take the example of a particularly tough phone call. If you are surface acting you respond to the caller by altering your outward expression, saying the appropriate things, listening while keeping your actual feelings entirely intact. With deep acting you make a deliberate effort to change your real feelings to tap in to what the person is saying – you may not agree with the manner of it but appreciate the aim.

Both could be thought of as just being polite but the latter approach – trying to emotionally connect with another person’s point of view – is associated with a lower risk of burnout. Good thing: many offices over the last decade have created recreational or rest spaces in a bid to mitigate employee stress.

When things get tough, you might be very lucky talking to colleagues to unload. “It’s the saying it out loud that allows me to test and validate my own reaction. I can then go back to the person concerned,” one of my former officemates in Germany explained many years ago.

Those who report regularly having to display emotions at work that conflict with

Be ready to complicate your life

That gospel episode where Christ had to cross to the other side by boat and then immediately was met with a large crowd eager to listen to him, (cfr. Mk 5,21-43) somehow tells us that if we have to truly follow Christ as we should, we have to be ready to complicate our life.

Not only was Christ met with a large crowd. A synagogue official, Jairus, came begging him to come to his house to cure his dying daughter. And that was not enough. While he was on his way, a woman afflicted with hemorrhage for 12 years stealthily approached him to touch his cloak, convinced that by so doing, she would be cured. And in fact, she was cured!

That gospel episode tells us so many things. Since we always tend to get into trouble, and it can be something impossible for us to resolve, we should never forget that we can and should always go to Christ for help. With him, nothing is impossible, although his ways may not be in full

accord with what we have in mind. But to be sure, he always listens to us and gives us what is best for us.

We just have to strengthen our faith so that we can overcome whatever obstacle we may have in approaching Christ to ask for help. This was the case of Jairus whose daughter eventually died but was resurrected by Christ, and the woman with that terrible ailment of hemorrhage.

We just have to train our mind and will to have that strong faith. For this, we should make many acts of faith during the day, so that more than just our reason and other human powers, we should be guided first by our faith in God.

We have to be wary when our human powers and faculties tend to take over as the main director and shaper of our life. In all our affairs and situations in life, we should always go to God to ask for his help and guidance, and to trust his ways and his providence, even if our

prayers and petitions appear unanswered, if not, contradicted. Whatever happens, as long as we go to God, everything will work out for the good.

Another lesson we can learn from this gospel episode is that if we have to be like Christ, we need to deepen our sense of compassion with everyone, unafraid to tackle whatever trouble such compassion may cause or occasion.

Christ’s heart flowed always with compassion, quick to notice the needs of others and to respond to them. And all this in all simplicity, telling the beneficiaries who were so bursting with gratitude that they wanted to broadcast what they received to the whole world, to keep quiet instead.

It’s an example that we should all try to imitate. One deep desire we should have is that of making as some kind of default mode that attitude of thinking always of the others, wishing them well all the time and doing

whatever we can to help.

It’s obviously not easy to do, but we can always try. With God’s grace and with our persistent effort, we can little by little and day by day hack it, such that it becomes second nature to us to think and feel for the others. That’s what compassion is all about. Compassion starts in the heart, in our thoughts and desires. In this level, there is no limit to what we can do. Obviously, when we try to translate these prayers, thoughts and desires into action and material things, we can be greatly limited. But insofar as prayers and sacrifices are involved, the possibilities are unlimited.

Cebu Pacific targets to boost demand for Manila-HK travel

CEBU PACIFIC (CEB) said on Sunday it will now fly four times daily to Hong Kong, but hopes to boost demand by offering airfare discounts.

“After Hong Kong eased requirements for inbound travelers in December, the airline operated Manila-Hong Kong flights 32 times weekly until January due to the anticipated high traffic over the resumption of the destination amid the holiday season,” Cebu Pacific Director for Corporate Communications Carmina Reyes-Romero said.

Cebu Pacific will fly 28 times weekly for February, she added.

The budget carrier hopes that Filipinos will “take advantage of the easier travel protocols in Hong Kong,” Cebu Pacific said in an e-mailed statement.

The airline targets to restore 100% of its pre-

pandemic network and capacity in March this year.

The budget carrier currently flies to 34 domestic destinations and is set to restore all its 25 international destinations in the first quarter.

“Even better, every Juan can fly to Hong Kong for as low as P499 one-way base fare, made possible by a CEB special seat sale which runs from Jan. 27 to 31, 2023,” the airline said.

The travel period is from June 1 to Aug. 31 this year.

“Upon check-in, travelers must present a negative result from an antigen test taken within 24 hours or a negative 48hour RT-PCR result, and a proof of vaccination of primary doses for nonHong Kong residents aged 12 or above,” Cebu Pacific said.

It noted that the test results may also be

submitted online through Hong Kong’s health and quarantine information declaration website (https://www.chp.gov. hk/hdf/).

Travelers are reminded to keep photos of their test results for 90 days.

Arriving travelers are also encouraged to take a self-arranged antigen test daily until the fifth day from their arrival.

Cebu Pacific said that the results of the antigen tests may be reported through the Hong Kong government’s electronic monitoring and surveillance system (https://nhqsdata.hqss. ogcio.gov.hk/ibt/#/ login).

“Passengers with existing travel funds may use these to pay for flights and other add-ons. Apart from the Travel Fund, other payment options such as payment centers, credit or debit cards, and e-wallets may also be used,” the airline said.

Alsons turns over emergency, medical facilities to Zambo LGU

THE Alsons Power Group’s Western Mindanao Power Corporation (WMPC) has turned over emergency vehicles and medical equipment worth 6.4 million to the City Government of Zamboanga at the start of the new year as compliance to the Department of Energy’s (DOE) regulation.

Under the DOE Energy Regulation 1-94 (ER 1-94), power generators such as

Holcim turns millionton waste into alternative fuels, cement materials

HOLCIM Philippines, Inc. has converted about a million tons of waste into alternative fuels and cement raw materials through its waste management unit, the listed cement manufacturer and distributor announced on Monday.

“Our success in reusing discarded materials is further reducing our consumption of natural resources and carbon footprints. This also enables us to help industries and communities achieve their zero waste objectives,” HoriaCiprian Adrian, president and chief executive officer of Holcim Philippines, said in a statement.

Through cement kiln co-processing, a waste management technology, the company said it was able to remove discarded materials away from landfills and helped

RA Form No. 10.1 (LCRO)

35 municipalities and cities across the country.

Its project unit, Geocycle, contributed to conserving virgin natural resources and avoiding high-carbon traditional fuels such as coal.

The company aimed to accelerate “circular construction” and help its industrial partners to reduce carbon emissions and manage wastes including nonrecyclable plastics.

“We are excited to continue growing our co-processing operations to further contribute to building progress in the country,” Mr. Adrian added.

Aside from the project, Geocycle also conducted lectures on proper waste management for local governments and schools and participated in public forums to highlight the importance of conservation.

Republic of the Philippines

Local Civil Registry Office

Province: Misamis Oriental City/Municipality:Medina

NOTICE FOR PUBLICATION

In compliance with Section 5 of R.A. Act No. 9048 a notice is hereby served to the public that VIRGENIA ROMANO ABAMONGA has filed with this office (complete name of petitioner) a petition for change of first name from VIRGIE to VIRGENIA (first name

WMPC, allot 0.0025 per kilowatt hour of total electricity sales to help fund the host community and local government’s health, electrification, and environmental projects.

WMPC operates a 100 mega-watt (MW)diesel plant in barangay Sangali Zamboanga City which began operating in 1997 and remains to be the only major power facility located

in Zamboanga City and the entire Zamboanga Peninsula. The Alsons Power group is Mindanao’s first private sector power generator. The group currently has a portfolio of four power facilities with a total generating capacity of 468 mega-watts (MW) serving over eight million people in 14 cities and 11 provinces in the country’s second largest island.

What Every Young Instructional Leader Must Know

By Jane Charity Estrada-Madronero, PhD Secondary School Head Teacher III Ozamiz City National High School

Leadership roles in the Department of Education is no piece of cake. We almost often see school heads talking, directing, guiding, organizing, and collaborating. However, behind these responsibilities coupled with loads of paperwork is the crucial function of decision making which demands much of one’s skills and wit. For new and young instructional leaders, these leadership facets may be overwhelming but with knowledge on how to adjust, adapt, and most essentially, manage stress and pressure, a young leader can thrive in the workplace. Stress may be inevitable but it can be overcome.

As a neophyte 29-year-old instructional leader, I have come to manage this struggle through embracing what I call the 3 Ps: Patience, Purpose,

and Play.

The first P is Patience. It is the ability to endure and not be easily stunned by harsh situations that expect one to be easily irritated and emotional. Patience makes the work a little bearable as it lets a leader be more understanding and more considerate in whatever that’s going on – be it a delayed submission, or a wrong template for a report.

The second P is Purpose. To have a clear purpose is to know what and why you are working for. Purpose is to make your intentions in the workplace established. Purpose must be your genuine belief in your capacity to impact your work. If your purpose is for purely financial advancement, then, no, you will never find satisfaction in this line of work. Conversely, if you intently believe you are

made an instructional leader to positively influence, you can do so with all your heart.

The third P is Play. Every once in a while, one can manage stress with Play. Play can be through doing your own hobbies or interests and experiencing the things that you love – books, travel, food, workout, movie and the likes. Play can be stress relieving especially when you do it happily. To play is to breathe. To breathe is to honor your body and your mind. To honor your body and mind is to respect your healing and manage difficult times you are facing.

In your journey of school leadership, never forget to be patient, be purposeful, and yes, have time to play. This is what every young instructional leader must know.

NOTICE TO THE PUBLIC

We are hereby informing the public, particularly our clients that: EMCOR COLLECTION RECEIPT FIELD STUB NO. 19 UNISSUED SERIES: 4941-4950 MISSING SERIES

Is hereby declared null and void, the said receipt was lost. Thus, the use of said Official Receipt is non-official and will not be honored by the management of EMCOR COLLECTION RECEIPT FIELD. The user could be held criminally liable.

The Management EMCOR, INC.

ILIGAN BRANCH

DEED OF EXTRA-JUDICIAL SETTLEMENT OF ESTATE

Notice is hereby given that the late Bienvenido Pagligaran died intestate on APRIL 24, 2022 at Gango, Libona, Bukidnon, leaving an estate located at Gango, Libona, Bukidnon and more particularly described as Transfer Certificate of Title No. ET-425, A PARCEL OF LAND situated in the Barrio of Gango, Municipality of Libona, Province of Bukidnon, Island of Mindanao. Containing an area of TEN THOUSAND FOUR HUNDRED FORTY TWO (10,442) SQUARE METERS, more or less. The decedents left no debts and the parties herein are their sole legal heirs, they being his wife and children, and has been the subject of DEED OF EXTRA-JUDICIAL SETTLEMENT OF ESTATE. This Deed, made and executed in Cagayan de Oro City, Philippines, by VERONICA PAUG VDA. DE PAGLIPARAN, of legal age, widow, Filipino and residing at Zone 1A, Gango, Libona, Bukidnon, hereinafter called the HEIR; REYNANTE P. PAGLIGARAN, of legal age, Filipino, and residing at Zone 1A, Gango, Libona, Bukidnon, hereinafter called the HEIR; ROEL P. PAGLIGARAN, of legal age, Filipino and residing at Zone 1A, Gango, Libona, Bukidnon, hereinafter called the HEIR; JENELYN P. ARDA, of legal age, Filipino and residing at Zone 1A, Gango, Libona, Bukidnon, hereinafter called the HEIR; EVANGELINE P. PAGLIGARAN, of legal age, Filipino and residing at Zone 1A, Gango, Libona, Bukidnon, hereinafter called the HEIR, filed by the heirs of Bienvenido Pagligaran, as per Doc. No. 210; Page No. 42; Book No. 93; Series of 2022 under the Notarial Registry of ATTY. QUINTILIANITO S. BABARIN, JR.

BWM: Feb 1, 8 & 15, 2023

BUTON and whose parents are ROBERTO TRASMONTE BUTON and ODELINA BRIAN DENSING. Any person adversely affected by said petition may file his written opposition with this office not later than February 01, 2023.

EXTRA JUDICIAL PARTITION OF THE ESTATE OF THE LATE SPS. MIGUEL ABONITALLA AND LIBERTY O. ABONITALLA NOTICE hereby given that SPS. MIGUEL ABONITALLA and LIBERTY O. ABONITALLA, who died on June 17, 1994 and October 2, 2012 in Cag. De Oro. The deceased, Sps. Miguel Abonitalla and Liberty O. Abonitalla, at the time of their death owned a parcel of land, with Transfer certificate of Title TCT- T-3060 and Tax Dec. No. G-059614, situated in the Poblacion, Municipality of Cagayan, Province of Misamis Oriental, containing an area of TWO HUNDRED SEVENTY EIGHT (278) SQUARE METERS. Is the subject of EXTRA JUDICIAL PARTITION OF THE ESTATE OF THE LATE SPS. MIGUEL ABONITALLA AND LIBERTY O. ABONITALLA, made and executed by and among the heirs, namely: NESTOR O. ABONITALLA, of legal age, Filipino citizen, married and a resident of Pilot de Lara Road, Tomas-Saco, Macasandig, Cagayan de Oro City, Misamis Oriental; VIRGINIA O. ABONITALLA, of legal age, Filipino citizen, single and a resident of Nazareth, Cagayan de Oro City; SONIA O. ABONITALLA, of legal age, Filipino citizen, single and a resident of Nazareth, Cagayan de Oro City; GILBERT O. ABONITALLA, of legal age, Filipino citizen, single and a resident of Pilot de Lara Road, Tomas-Saco St., Macasandig, Cagayan de Oro City; MARIVIC A. TABOR, of legal age, Filipino citizen, married and a resident of Nazareth, Cagayan de Oro City; SARAH A. HIPONA, of legal age, Filipino Citizen, married and a resident of Macasandig, Cagayan de Oro City; HEIRS OF AMPARO CECILIA A. RAMBUYON: JOSE IMMANUEL MIGUEL RAMBUYON, of legal age, Filipino citizen, single and a resident of B43-Lot11, Xavier Heights Subd.,Upper Balulang, Cagayan de Oro City; CELINE HADASSAH RAMBUYON, of legal age, Filipino citizen, single and a resident of B43-Lot11, Xavier Heights Subd.,Upper Balulang, Cagayan de Oro City, herein referred to as the HEIRS, filed by the heirs of SPS. MIGUEL ABONITALLA and LIBERTY

O. ABONITALLA. As per Doc. No.15; Page No. 03; Book No. 18; Series of 2021 under the Notarial Registry of ATTY. ISIDRO Q. LICO. BWM:

BusinessWeek MINDANAO FEATURE

CREDIBLE RELIABLE IN-DEPTH

Editor: GILBERT Y. CHAO

Dost, LGU Pangantucan to collaborate on first Drone-assisted reforestation in Mt. Kalatungan

To demonstrate the reforestation technology developed by a startup company, the Department of Science and Technology, in partnership with the Local Government Unit of Pangantucan, will conduct the first drone-assisted replanting effort in the mountain ranges of Mt. Kalatungan in Pangantucan, Bukidnon. Mt. Kalatungan’s peak is the fifth highest in the country, with a height of 2,287 meters above sea level (masl). The mountain range is also a key biodiversity area.

Pangantucan-1.jpeg: Bantay Lasang, Mr. Mr. Clarito Laguna, discussing the profile of the area to the project implementers and stakeholders, during the first site assessment on April 6, 2022

Republic of the Philippines

REGIONAL TRIAL COURT OF MISAMIS ORIENTAL Office of the Clerk of Court

10th Judicial Region Cagayan de Oro City

SHERIFF'S NOTICE OF SALE

EJF FILE No. 2023-1294

Upon extra-judicial petition for sale under Act 3135 as amended filed by HOME DEVELOPMENT MUTUAL FUND, (PAG-IBIG), with principal office address at the Petron Mega Plaza Bldg. #358 Sen. Gil Puyat Ave., Makati City, against DAISYREL B. JAMERO, of legal age, Filipino, single and with postal address at Lot 6, Blk. 1, Bloomingdale Subd., Phase 4, Iponan, Cagayan de Oro City, or at No. 14, Tomas Saco St., Macasandig, Cagayan de Oro City, to satisfy the mortgaged indebtedness which as of August 15, 2022 amounts to SEVEN HUNDRED SEVENTY SEVEN THOUSAND ONE HUNDRED FORTY NINE PESOS & 12/100 (Php 777,149.12) inclusive of interests and other charges. That in case of foreclosure proceeding, the Mortgagor shall pay the foreclosure expenses and other monetary obligations, the undersigned sheriff will sell at public auction on February 17, 2023, at 10:00 o'clock in the morning to 4:00 o'clock in the afternoon or soon thereafter at the Hall of Justice, Goldridge Building, Macapagal Drive, Upper Carmen, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the herein described property, with all the improvements included thereon, to wit:

TCT No. T-137-2015003086

"A PARCEL OF LAND (Lot 6, Block 1, PCS-10-004466, CONS/SUBD. of Lots 24178-B-2-B-2, 24178-B-2-B-3, 24178-B-2-B-4, & 24178-B-2-B-5, all of PSD-10-054199) situated in Phase 4, Iponan, Cagayan de Oro City, Province of Misamis Oriental, Island of Mindanao, containing an area of Eighty (80) square meters, more or less."

Prospective buyers/bidders may investigate for themselves the herein described property and encumbrances thereon, if any there be.

All sealed bids must be submitted to the undersigned on the above stated time and date.

In the event the auction date falls on a HOLIDAY, it shall be on the next working day without further notice and publication.

January 12, 2023, Cagayan de Oro City.

(SGD) MA. TERESITA QUIBLAT-INSO Sheriff IV

Republic of the Philippines SUPREME COURT

Through the technology of Galansiyang, Inc., a startup based in Iligan City, dispersing seeds and fertilizer applications through drones will be implemented. Likewise, the monitoring of the seed growth and land cover improvement is via aerial and satellite images. This advanced forest restoration initiative was designed to address the difficulty in terms of remoteness and terrain of the identified four-hectare area — a steep, strenuous two-kilometer walk from the communities within Mt. Kalatungan, and nearing the upper catchment of the Muleta River, which plays an important role in mitigating flood risks.

This project is aimed to train 370 participants in seed ball production –coating the seeds with soil and organic manure. Majority of the participants are from the Pangantucan Bukidnon

REGIONAL TRIAL COURT OF MISAMIS ORIENTAL

10th Judicial Region Cagayan de Oro City

OFFICE OF THE PROVINCIAL SHERIFF

NOTICE OF EXTRA-JUDICIAL SALE EJF-2023-1293

Upon Extra Judicial Petition for Sale under Act 3135 as amended by Act No. 4118. Filed by HOME DEVELOPMENT MUTUAL FUND(Pag-Ibig) , a government financial institution duly organized and existing under and by virtue of Republic Act. No. 9679 with principal office at The Petron Mega Plaza Building, 358 Sen. Gil Puyat Ave., Makati City, with branch office at Pag-IBIG fund Bldg., J.R. Borja St., Cagayan de Oro City, against ROSEMARIE B. ONDAP , of legal age, Filipino citizen, with postal address at Lot 21, Blk 41, KISAN LU PAG-BIG CITY, Iponan, Cagayan de Oro City, Misamis Oriental, to satisfy the mortgage indebtedness which as of August 15, 2022 amounts to THREE HUNDRED FORTY THOUSAND EIGHT HUNDRED ONE PESOS & 70/100(P340,801.70) Philippine currency, including interest and penalty charges, the undersigned Sheriff will SELL at Public Auction on March 6, 2023 at 10:00 o'clock in the morning or soon thereafter at the main entrance of RTC Branch 41, 2nd flr., Goldridge Bldg., Mastersons Avenue cor. P.N. Roa, Sr., Avenue, Upper Carmen, Cagayan de Oro City, to the Highest Bidder, for CASH and in Philippine Currency, the real property mortgaged together with all improvements thereon, to wit:

TRANSFER CERTIFICATE OF TITLE NO. T-137-2016004648

A PARCEL OF LAND (Lot-21, Blk-41, PCS-10-002661, being a portion of Lots 3594, 3596, 3597, 3598, 3600, CAD-237 & Lot 3595-I, (LRC) Psd-128619), Situated in the Bario of Iponan, City of Cagayan de Oro, Island of Mindanao, Bounded on x x x ; Beginning at x x x ; containing an area of ONE HUNDRED FORTY (140) SQUARE METERS more or less, including all improvements existing and to be constructed/erected thereon.

Prospective buyers/bidders may investigate for themselves the Title and Tax Declaration herein-above described and encumbrances thereon, if any there be.

All sealed bids must be submitted to the undersigned on the above-stated date, time and place.

In the event the public auction should not take place on the said date for whatever reason, the same will proceed on the following working day, without further notice, posting and publication.

Cagayan de Oro City, January 18, 2023.

FOR THE EX-OFFICIO PROVINCIAL SHERIFF BY:

(SGD) ALDEN V. SAMBAAN Sheriff IV

Project implementers and partners highlighting the main instrument and technology key to the implementation of the project, the drones engineered by Galansiyang Inc.

Electicity...

from page 1

systems for this function, namely its market management system (MMS) and its central registration and settlement system (CRSS).

The MMS, in particular, “will determine the optimal dispatch schedule of all generators and customers in the grid – including their respective locational prices.”

The CRSS, on the other, delves with facilitating the registration of market participants in the grid as well as the settlement of traded capacities in the spot market.

The conceptualization as well as the design process for WESM-Mindanao started during the term of former Philippine Electricity Market Corporation (PEMC) President Melinda L. Ocampo and the IEMOP creation under the past Duterte administration just took cue from what she started following her departure in 2017.

And while there had been several attempts to bring the Mindanao spot market to commercial operations in the past five-six years, those initiatives did not turn out successful.

Multiple obstacles and challenges needed to be resolved when it comes to the concerns raised by relevant stakeholders in Mindanao – including the humongous level of indebtedness of some electric cooperatives (ECs) in the grid.

The embedded generation of some power utilities, which they resorted to as stop-gap measure during the power supply crisis in the grid from 2010-2015, had also been taken into consideration in the overall functioning of WESM-Mindanao so they will not distort market signals.

As explained, if these capacities would be unaccounted for, there would be massive deviation in forecasts for capacity trading in the WESM and could also impact heavily on prices in cases that the embedded facilities will be taken out from the system.

It was expounded that the dilemma lies in the fact that if these embedded generating facilities will experience outages, there’s a tendency that the concerned DU will procure its requirements from the WESM, and that will have a knock-on effect on supply as well as prices in the spot market.

To deal with that, the Department of Energy (DOE) previously issued a Circular directing the enlistment of embedded facilities with 5.0-megawatt and up capacities that can be included in forecasts for capacity trading in the spot market. Based on data, these embedded facilities have aggregate capacity of 200 to 300 megawatts.

On the whole though, the long-wished for commercial kick-off of the spot market in Mindanao is still viewed by investors as a “very positive development” because this could provide alternative market to uncontracted capacities, as well as the planned renewable energy (RE) investments in the grid.

China...

from page 1

destination.

“There is an existing bridge that we built, so we are going to request a more permanent structure that will connect Panglao island and Tagbilaran,” Mr. Bonoan said.

The project is expected to cut travel time from Tagbilaran City seaport to Panglao Island to 15 minutes from 45 minutes during peak periods.

The Philippines and China have a current agreement for the China Aid Localized Project for Davao River Bridge or Bucana Bridge, a coastal road intended to provide an alternate route to the Pan-Philippine Highway in southern Davao City, which has been experiencing heavy road congestion.

During the recent visit of President Ferdinand R. Marcos, Jr. to Beijing, the two governments signed an updated memorandum of understanding on the Belt and Road Initiative and the framework agreement on bridges crossing the PasigMarikina River and the Manggahan Floodway Bridges Construction Project.

Chinese President Xi Jinping and Mr. Marcos also discussed loan agreements for Philippine infrastructure development.

“Both sides will further strengthen infrastructure cooperation with big projects such as the Davao-Samal Island Bridge. Both sides will explore means to further strengthen cooperation, at the locations to be mutually agreed, with the purpose of promoting innovative economic development and maintaining stability in production and supply chains,” they said in a joint statement on Jan. 5.

According to the Finance department, the cumulative loan commitments with China for ongoing Philippine projects now stand at $1.06 billion after the recent signing of loan agreements worth $201.8 million.

Davao...

from page 1

most likely that the city would reach the same level as 2019 with the staging of big events, including the MICECON 2023 (Meetings, Incentive Travel, Conventions, and Exhibitions Conference) and Ironman 70.3 in time for the celebration of Araw ng Dabaw in March, and other major conventions this year.

“That’s a very ambitious but workable target for this year,” she said.

Romero said tourism stakeholders are banking on the strength of the city, being a destination for MICE events, to increase the number of tourists in the city.

She said around 700 are expected to participate in the MICECON 2023, the country’s premier gathering for professionals in the industry from March 1 to 3.

“We have upcoming events and restrictions have loosened up already. All roads lead to Davao,” she said.

In 2019, the city government won the hosting bid for the MICECON 2020 scheduled for September 28 to 30, which was cancelled due to the coronavirus disease pandemic.

Romero said the accommodation establishments are preparing for the arrival of participants in the MICECON 2023. Official hotel partners include Acacia Hotel Davao,

DusitD2 Davao Hotel, Park Inn by Radisson Davao, Rogen Inn, Seda Abreeza, and Waterfront Insular Hotel Davao.

She said the thrust of the local government is to stabilize the tourism sector now that restrictions have been relaxed.

She said the tourism industry is the third biggest contributor to the revenues of the local government.

“That is one thing that we need to work hard on to increase revenue returns from here on,” she said.

Jica...

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issues on climate change.

He reaffirmed JICA’s continuous support for environment management, natural environment preservation, and other sectors towards sustainable, resilient, and inclusive growth.

“We are determined to continue working with all the stakeholders so we can help the Philippines address its pressing development challenges,” he added.

On January 15, environment groups asked JICA to withdraw its support for the WTE project of the city government.

Lawyer Mark Peñalver, executive director of the Interfacing Development Interventions for Sustainability, said the proposed facility emits toxic and carcinogenic substance and will affect residents of 20 barangays in the city.

Soichiro said that like the environment groups, “we care for climate change issues…. Our cooperation in the Philippines, in fact, emphasized integrated society efforts to address this.”

BARMM...

from page 2

Stacy Legazpi, a vessel from Navotas City with a 13-man crew.

Rodrigo Sarol, the boat captain of Jaslyn Stacy Legazpi motor tanker, also told police they linked up with Marnia Penang in Lihiman Island to load the diesel fuel.

“They (Sarol and crew) are still waiting for another vessel loaded with additional 200,000 liters of diesel to arrive,” Racadio said.

The two vessels were turned over to the custody of the Philippine Coast Guard based in Turtle Island town for proper disposition.

Meanwhile, Maj. Gen. Roy Galido, Western Mindanao Command chief, said they will not tolerate any illegal activity in their area of operation.

“Rest assured that Westmincom, through its joint task forces and Navy component units, will remain steadfast in curbing maritime crimes and other illegal activities,” he said. (PNA)

Islamic...

from page 3

investing those funds,” Ala said, explaining its difference compared to conventional banks wherein a debtorcreditor relationship is created whenever a person opens a bank account.

She said Islamic banking is not new in the Philippines because the Al-Amanah Islamic Investment Bank of the Philippines (AAIIBP) was established in 1973, making it

one of the first Islamic banks in Southeast Asia.

She was referring to the only Islamic bank in the country, which was established under Presidential Decree 264 as the Philippine Amanah Bank.

The AAIIBP has branches in the provinces of Mindanao with a large number of Filipino Muslims, such as in Cotabato, South Cotabato, Lanao del Sur, and Sulu.

The lack of support and recognition for Islamic banking resulted in the deterioration of the bank’s operation but the signing of its Charter, or Republic Act 6848 in 1990, paved the way for the bank to have a larger authorized capital stock amounting to P1 billion, consisting of 10 million common shares. It also received a universal bank license from the BSP.

The Bureau of the Treasury was tasked to support the bank’s operation from 1990 to 2007 but in 2008, the Development Bank of the Philippines obtained 99.9 percent ownership of the bank’s shareholdings after acquiring shares previously owned by the national government, the Social Security System, and the Government Service Insurance System.

Ala said the BSP has inked a memorandum of understanding with the Philippine Economic Zone Authority to promote Islamic banking and finance in the country, as well as encourage more investors.

“It is also very important that we make use of other tools and venues to promote Islamic banking even outside of our country because we have also liberalized the banking system in the Philippines whereby foreign investors can also establish Islamic banks here in the Philippines, either in the form of a branch or a full(y) fledged Islamic bank,” she said. The bank’s Charter, she added, “is very flexible” and “was built to provide flexibility in promoting and developing Islamic finance in our country.”

Ala noted that the BSP has issued several circulars to boost Islamic banking, among them Circular 1069, which sets the capital requirements for the establishment of Islamic banks and Islamic banking units, and Circular 1070, which explains the requirements and expectations on the Shari’ah governance framework.

She said a Shari’ah Supervisory Board was also established in the Bangsamoro Autonomous Region in Muslim Mindanao through a joint circular signed by the BSP, the Department of Finance, and the Bangsamoro government.

She said the board has been tasked to “issue opinions on the Shari’ah compliance of Islamic products and services that will be offered here in the Philippines.”

“This is very important because we need to ensure also that the products and services that will be offered by Islamic banking institutions are also compliant with Shari’ah principles,” she added. (PNA)

Iconomist...

from page 3

remittances from overseas Filipino workers (OFWs) during the Christmas season as well as the increase in business process outsourcing (BPO) revenues, exports and foreign tourism receipts, with the latter due to the reopening of the country to foreign tourists.

He said the narrowing of the country’s trade deficit to its lowest level in more than one year, due to the drop in the prices of oil and other commodities in the international market in part because of the possible recession in the US, also boosted the BOP position.

These factors are, however, seen to have been countered by the national government’s net payments of its foreign currencydenominated liabilities as well the wider trade deficit of the country on account of higher commodity prices primarily because of the Russia-Ukraine war.

Improvement of the country’s BOP position as well as the gross international reserves (GIR) is seen to continue this month after the national government issued $3 billion worth of US dollar-denominated global bond.

“For the coming months of 2023, the proceeds of the planned US dollar retail bond issuance within 1H 2023 (worth about $3 billion; with a tenor of at least five years) would also add to the country's BOP and GIR,” he added. (PNA)

Life...

from page 4

and mistakes, say what you really feel, and I will never reject you. I will always accept you even if I do not approve of the wrong things you do or say.” Do you have that kind of honest, unconditional love for others?

Finally, the third ingredient we need for successful, mature relationships is forgiveness. Since we’re human, we all hurt each other and need forgiveness many times. Yet we often fail to truly forgive others when they hurt us. That is why we desperately need the only One Who can. It is only with Jesus’ kind of real love and power that we can forgive daily like that. Won’t you ask Him to forgive you for all of your wrongs and hurts you have caused people? Ask Him to take full charge of your heart every day—so you can begin to communicate, accept, and forgive others just as He has you. Just think a minute…

Anger...

from page 4

their own feelings are more likely to experience emotional exhaustion

Remaining true to your feelings appears to be key –numerous studies show those who report regularly having to display emotions at work that conflict with their own feelings are more likely to experience emotional exhaustion.

Of course, everybody needs to be professional at work and handling difficult clients and colleagues is often just part of the job. But what’s clear is that putting yourself in their shoes and trying to understand their position is ultimately of greater benefit to your own well-being than voicing sentiments that, deep down, you don’t believe.

Where it is possible, workers should be truly empathetic, be aware of the impact the interaction is having on them and try to communicate in an authentic way. Easy to say, yes, I know. But let's give it a try!

DOST...

from page 6

Community College, where 300 students were encouraged to take part in this collaboration in order to increase awareness and engagement in environmental conservation. Other participants are from DOST, Protected Area Management Board (PAMB) - Kalatungan, LGU, and members of the

IP communities nearby. The dispersing of the 12,000 seed balls and organic fertilizers will be done through a drone engineered by Galansiyang.

Among the seeds that will be dispersed are Balansihan, Talingtingan, Bagalug, and Ulayan – all endemic tree species referred and approved by the PAMB-Mt. Kalatungan. Seeds will be bought from the IP communities in the area who regularly conduct seed collection straight from the source in the mountain.

For sustainability, Galansiyang Inc. will also be monitoring the seeds’ germination for five years.

Aside from reforestation, DOST also aims that the project can contribute to preserving wildlife. Reforestation may restore several habitats and save lives. Currently, Mt. Kalatungan is home to at least 129 animal species and 342 plant species. Many endangered or vulnerable species are also in the mountain range, such as the Philippine eagle, Philippine hawk eagle, and Philippine deer. Endemic tree species that dominate the area are the katmon, white lauan, red lauan, bagtikan, and bikal-boboi, as well as the threatened almasiga.

The Department of Environment and Natural Resource (DENR) through PAMB - Kalatungan and the IP communities in the area have expressed their full support to the project.

This project was funded through the Community Empowerment through Science and Technology (CEST) program, implemented by DOST Bukidnon. (Jenifer O. Pancho / DOST-Bukidnon)

DEED OF EXTRA-JUDICIAL SETTLEMENT AMONG HEIRS OF THE LATE JESUS VACALARES WITH DEED OF ABSOLUTE SALE

Notice is hereby given that the late JESUS VACALARES died intestate on October 6, 2002, at Amoros, El Salvador City, Misamis Oriental, leaving a parcel of land covered by Transfer of Certificate of Title No. 136-2012000870 situated at Barrio of Malanang, Municipality of Opol, Province of Misamis Oriental containing an area of FIVE HUNDRED ONE (501) square meters and more particularly described and bounded as A PARCEL OF LAND situated in Barrio of Malanang, Municipality of Opol, Province of Misamis Oriental, Island of Mindanao. Containing an area of FIVE HUNDRED ONE (501) square meters, more or less, and has been the subject of DEED OF EXTRA-JUDICIAL SETTLEMENT AMONG HEIRS OF THE LATE JESUS VACALARES WITH DEED OF ABSOLUTE SALE. The late JESUS VACALARES, died intestate, without Will and Testament, the parties are the sole and only heirs of the decedent entitled to succeed to his estate, being his legitimate children, respectively. DEED OF ABSOLUTE SALE, for and in consideration of the sum of ONE HUNDRED FIFTY THOUSAND PESOS (Php. 150,000.00), Philippine currency, paid in hand by the VENDEE CHYLLENE FAITH B. LUSDOC, of legal age, Filipino citizen, single and with residence address at Zone 2A, Tulahon, Malanang Opol, Misamis Oriental, receipt of which is hereby acknowledged by the VENDORS

NAMELY: AVELINO I. VACALARES, JESUS I. VACALARES, RAUL I. VACALARES, MERCY V. PATEÑO, FLORIE I. VACALARES, NOEL I. VACALARES AND FE V. PUNZALAN, do by these presents, SELL, CEDE, TRANSFER and CONVEY, absolutely and unconditionally unto the said VENDEE, her heirs, successors or assigns, their respective FULL SHARE of the above-described parcel of land free from all liens and encumbrances. That the VENDORS does hereby warrant legal title and peaceful possession of the property herein sold and conveyed, and will defend the same unto the said VENDEE, her heirs, successors or assigns, against all claims of all persons or entities whosoever, filed by the heirs of JESUS VACALARES, as per Doc. No. 205;

one connecting Panglao Island and Tagbilaran City in Bohol to ease access to a top tourist