BusinessWeek Mindanao (January 20-21, 2023)

Hatchery project

BUTUAN City – The construction of a P25.6 million multi-species hatchery project is underway in Agusan del Norte province to benefit 3,827 fisherfolk across the Caraga Region, the regional Bureau of Fisheries and Aquatic Resources (BFAR-13) said Wednesday. In a statement, the agency said construction started Tuesday in Barangay Ata-atahon, Nasipit town, and is seen to produce 25 million fries of different fish species annually when completed. Agusan del Norte 2nd District Rep. Dale Corvera lauded the efforts of the BFAR-13 for the realization of the hatchery project.

Davao’s ecopark

DAVAO City – Despite the hiatus brought by the pandemic, the total ticket sales of Davao Oriental’s ecopark and museums reached P3.8 million last year, an official said Thursday. Karen Lou Deloso, the provincial information officer, said income from other sources such as room accommodations, venue rentals and shares from souvenir shops have also reached P4.4 million, bringing the total revenue to P8.3 million and exceeding its target of P1.5 million for the year. “The arrivals to the province’s premier tourist destinations continue to soar as more visitors are being beguiled by Davao Oriental’s exquisite beauty and charm,” Deloso said.

Airport rehabs

AROUND eight airports nationwide will receive funding under the 2023 national budget to undergo rehabilitation and improvement, the Department of Budget and Management (DBM) said on Thursday.

In a statement, the DBM said the appropriation of funds was in line with the implementation of at least eight airport projects provided under the 2023 General Appropriations Act (GAA).

Tacloban City Airport would get the highest budget amounting to P1.42 billion for its modernization, the DBM said.

The government, the DBM said, would also earmark P200 million for New Zamboanga International Airport, P80 million for the Bukidnon Airport, P50 million for Vigan Airport, P43 million for the Ninoy Aquino International Airport and P15 million for M’lang Airport.

BARMM eyed as next major eco hub: MinDA

DAVAO City – The Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) is being eyed as the next key economic player in the Brunei DarussalamIndonesia- MalaysiaPhilippines East ASEAN Growth Area (BIMPEAGA) sub-region.

This came about after the Mindanao Development Authority (MinDA) noted on Wednesday BARMM Chief Minister Ahod Ebrahim's earlier statement declaring that the region is positioned as a growing investment hub in the country and the BIMP-EAGA. “As the first biggest business gathering of the private sector after the establishment of BARMM as a new political entity, we position the Bangsamoro region as a major economic player in BIMP-EAGA,” the MinDA quoted Ebrahim as saying during the opening of the 1st Bangsamoro Business Congress held in Cotabato City on Tuesday. At least 300 local entrepreneurs and business leaders, chambers of commerce and industry representatives, government agencies, international development partners, and other key stakeholders joined the Jan. 17-19 gathering. With

the theme “Strengthening Partnerships Towards a Resilient Bangsamoro Economy,” the assembly aims to provide a concrete avenue for long-term partnerships and linkages between BARMM business drivers and their counterparts in other regions, BIMP-EAGA, and the global market. MinDA Secretary

Davao coop opens café promoting Mt. Apo coffee

By ANTONIO V. COLINA MindaNews

DAVAO City – A local cooperative hopes to help coffee farmers here as it opened on Wednesday “The Library Café by Co-op Cups,” a coffee shop bannering specialty beans grown on the foothills

of Mount Apo.

Agripino Torres, chief executive officer of the Manuel Guaianga and Sirib Growers and Employees Multi-Purpose Cooperative (MAGSIGEMPC), said in an interview that the opening of this coffee shop in the city would widen

the local market for specialty coffee produced by growers in the region.

“There is a market prepared for them. They can have a better price as long as they can produce quality coffee,” he said.

JICA urged to withdraw support for Davao’s Waste-to-Energy project

By ANTONIO V. COLINA MindaNews

Alsons

DAVAO City — Environmental groups and local residents have asked the Japan International Cooperation Agency (JICA) to withdraw its support for the waste-to-energy (WTE)

project of the local government of Davao.

Lawyer Mark Peñalver, executive director of the Interfacing Development Interventions for Sustainability (IDIS), said on Sunday that the incinerator, which emits

highly toxic and carcinogenic substance, will affect residents of 20 barangays in the city.

He said those barangays include Mintal, Santo Niño, Catalunan Grande, Langub, Waan, Callawa, Riverside,

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.

Dev is the real estate

LUNAR NEW YEAR. A mall in Cagayan de Oro City has been spruced up for the Lunar New Year celebration. Photo taken January 19, 2023 by H. MARCOS C. MORDENO / MindaNews

WHOLESALE CHICKEN EGG. Store workers unload chicken eggs at Bankerohan Market in Davao City. Mindanews Photo

‘City Hall should source funds for CDO projects’

RATHER than wait on the national government for funding and implementation, the Cagayan de Oro city government should source out the funds and implement projects for the city, an administration official said recently.

“Let’s not rely on the Department of Public Works and Highways (DPWH) to fund major infrastructure projects for the city. We’ve known that these projects take a lot of time in planning and funding (and more often than not), the DPWH fails to coordinate with City Hall in implementing their projects,” Councilor Edgar Cabanlas said during the recent joint meeting

of the City Development Council-City Peace, Security and Development Council in one of the city’s hotels.

Cabanlas said this in response to questions posed by civil society organizations (CSOs) concerning City Hall’s flood mitigation measures as included in the comprehensive development plan for Cagayan de Oro City for the 2023-2025 period.

In opening the joint councils meeting, Cagayan de Oro City Mayor Rolando ‘Klarex’ Uy said all City Hall development programs will be ‘people-centered.’

During the joint councilsmeeting, City Engineer Jenito Asequia said they proposed

to Mayor Klarex at the onset of his administration to build a water impounding system that could absorb and store the floodwaters for discharging back to the nearest lake.

When asked by city officials whether the City Engineering Office has the capability to design said water impounding system, Asequia said they don’t.

Councilor Ian Mark Nacaya then asked the assembly whether they are open to supporting a City Hall move to contract a loan for funding a flood mitigation project and Vice Mayor Jocelyn Rodriguez voiced her support.

“Provided of course that we conduct a feasibility study

on this project to be done by experts (so we know how much it would cost the city),” she said.

Aside from a multi-billion peso mega dike project covering several city barangays

and funded by the Japan International Cooperation Agency (JAICA), City Planning and Development Office (CPDO) chief Ramil Balquin said City Hall will set aside P11 billion over

the next three years to fund projects addressing urban and rural concerns like traffic congestion, waste disposal and security among others./

Stephen Capillas of City Information Office

CDO's Bell Church opens to public to reignite tourism, history

THE Cagayan de Oro city government here has partnered with the FilipinoChinese community to open the iconic Bell Church to the public to reignite local tourism and learning local history. In an interview Tuesday, John Asuncion, head of Trade and Investments Promotions Center (TIPC), said Bell Church is a universal church established by the Chinese in the city, symbolizing reverence to various religious denominations: Daoism, Buddhism, Confucianism, Christianity, and Islam. "We are given the opportunity to showcase the unique FilipinoChinese culture we have grown up with and share to the greater public the beautiful influences that have molded us into who we are now as an individual and as a community," Asuncion

said. The opening of the Bell Church to the public is part of the weeklong celebration of the Chinese New Year. Asuncion, who is also the chairperson of the Chinese New Year Festival Committee, said the tour will run from Jan. 17 to 19 to give Kagay-anons the opportunity to understand the culture and tradition of the Bell Church, as well as the significance. The Bell Church started its roots in the religious group founded by Ng Pee in 1954 in Baguio City. The Bell Church was constructed here in 1989. During the devastation of Tropical Storm Sendong (Washi) in 2011, Asuncion said the church was flooded but the statues of saints on the altar, as well as the holy water contained in the glass, were not destroyed. (PNA)

Digital connectivity

By DINDO GALENDEZ. GACUS Teacher II Kinoguitan Central School

TECHNOLOGY has made learning from anywhere a reality. Courses, coaching and assessments are now being delivered to every corner of the planet – serving millions of students simultaneously. And while the desire for quality education and reputable qualifications has not hcanged, the business landscape has.

The reach of digital connectivity has helped schools embrace more flexibility and increasingly offer online classes. Studies have also found that traditional lectures alone can be ineffective and inefficient ways of teaching compared with digital experiences that allow more interaction and problem solving practice.

As hands-on learning

and teaching from anywhere appear to be shaping the future of the sector, companies are looking to capitalize on these new trends. Digital connectivity is an all-encompassing term used to describe mobile or fixed connections to the Internet. Being connected in this way has become part of the fabric of everyday life –as important to communities and businesses as a water, gas or electricity connection.

With better access to high speed and reliable broadband and mobile connections, local communities can access public services more conveniently and purchase goods online at a lower cost. People can work from home, cutting out their commute and improving their quality of life.

EXTRAJUDICIAL SETTLEMENT OF ESTATE

KNOW ALL MEN BY THESE PRESENTS:

That the deceased PEDRO A. TAN , who died last October 16, 2011, that said deceased died without any will and left no debts; that at the time of his death, left a certain real property, A PARCEL OF LAND with TRANSFER CERTIFICATE OF TITLE NO. T-10180, Lot no. 10, Block 9, Psd-102917, situated in the District of Patag, City of Cagayan de Oro, Island of Mindanao, containing an area of FOUR HUNDRED FORTYTHREE (443) SQUARE METERS, more or less, and has been the subject of EXTRAJUDICIAL SETTLEMENT OF ESTATE, filed by the heirs of PEDRO A. TAN. AS PER Doc. No. 354; Page No. 72; Book No. XXXVIII; Series of 2022 under the Notarial Registry of ATTY. ANGELINO A. GALEON.

BWM Jan. 6, 13 & 20, 2023

EXTRA JUDICIAL SETTLEMENT AMONG HEIRS WITH DEED OF ABSOLUTE SALE

KNOW ALL MEN BY THESE PRESENTS:

That the late ALLAN C. AQUIÑO, who died on March 20, 2021 at Poblacion, Magsaysay, Misamis Oriental said deceased died intestate, without will or testament and without any outstanding debts in favor of any person or entity. That the deceased left a capital property, A PARCEL OF LAND with Tax Declaration No. 0801002407124, situated at VillaFelipa, Magsaysay, Misamis Oriental, containing an area of FIVE THOUSAND NINE HUNDRED FIFTY SEVEN (5,957) square meters. And has been the subject of EXTRA JUDICIAL SETTLEMENT AMONG HEIRS WITH DEED OF ABSOLUTE SALE, That We have agreed and it is hereby agreed to sell a portion from the remaining portion of Lot 656, CAD 556-D (Lot 656-B-CSD10-021550-D) comprising an area of SEVEN HUNDRED SIXTEEN (716) square meters more or less, including all the improvements found therein, free from all liens and encumbrances with the following technical description; In favor of JOAN A. APARENTE-SENTON, Filipino, of legal age, married with residence and postal address at 208 Maple Lane, Sebring, U.S.A. 33876 duly represented by JOEBELLE A. POSAS, Filipino, of legal age, single, with residence and postal address at Purok 2, Upper Doongan, Butuan City, Agusan del Norte 8600, by virtue of Special Power of Attorney dated 13th day of October 2021 By Notary Public KAREN L. GRIFFIN, COMMISSION #HH 068586

EXPIRES: December 19, 2024 City of Sebring, Highlands County, Florida, U.S.A. That by virtue of these presents, and for and in consideration of the sum of ONE HUNDRED FIFTY THOUSAND (P150,000.00), pesos receipt of which is hereby acknowledge in full, WE hereby SELL, CEDE, TRANSFER AND CONVEY ABSOLUTELY, unto JOAN APARENTE-SENTON, her heirs and assigns the above described SEVEN HUNDRED SIXTEEN (716) square meters, free from all liens and encumbrances whatsoever; filed by the heirs of ALLAN C. AQUIÑO. As per Doc No.597; Page No. 220; Book No. XIII; Series of 2021 under the Notarial Registry of ATTY. CHARLITO AWITEN SABUGA-A.

BSP to pilot test wholesale digital currency until 2024

THE BANGKO SENTRAL ng Pilipinas’ (BSP) pilot project that tests the use of wholesale central bank digital currency (CBDC) among selected financial institutions will run until 2024, an official said on Wednesday.

“This project was launched in 2022 and will run until 2024. The coverage of the pilot project is wholesale CBDC whereby the BSP will use the test and learn approach using a sandbox environment,” BSP

Currency Policy and Integrity Department Director Eloisa T. Glindro said during the central bank’s 4th Regional Macroeconomic Conference Series virtual event.

“So, this will involve transfers of large value transactions among a limited number of participating financial institutions,” Ms. Glindro said.

The BSP last year launched the CBDCPh project to better understand the opportunities

and risks of wholesale CBDC, as well as address gaps in the national payment system.

The project covers areas including policy and regulatory considerations, technological infrastructure, governance and organizational requirements, legal matters, payment and settlement models, reconciliation procedures, and risk management.

“The objectives of this

PH taps foreign fund sources for 2nd time under Marcos admin

THE Philippine government on Monday announced its benchmark offering for a multi-year United States dollar-denominated Republic of the Philippine (ROP) bond, the second under the administration of President Ferdinand Marcos Jr.

Data released to journalists showed that proceeds of the 5.5-year, 10.5-year and 25year bonds, with the latter a part of the government’s sustainable financing

framework, will be used to help boost financing for the various government programs as well as refinance previously issued sustainability bond. Initial price guidance for the bond maturing in June 2028 is additional 155 basis points over the same tenor US Treasury, while pricing for the one maturing in 2033 is 195 percent higher than the same tenor Treasuries. Initial pricing for the 25-year bond is at around

5.950 percent, the document showed. Joint lead managers and joint bookrunners are BofA Securities, Deutsche Bank, Goldman Sachs, HSBC, Morgan Stanley, Standard Chartered Bank and UBS. This is the second time the current administration tapped the international capital market to finance its programs after it borrowed $2 billion worth of five-year, 10.5-year and 25-year dollar-

BPI merger with Robinsons Bank seen to boost income, revenues

BANK of the Philippine Islands (BPI) expects its net income to climb by 5-6% and its revenues to rise by around 7% once its planned merger with Robinsons Bank Corp. takes effect, its top official said.

“Robinsons Bank is expected to expand BPI’s key balance sheet metrics by between 6.5%, maybe 7%. As mentioned over the past years, Robinsons Bank has been really steadily growing its deposit and loan books at a pace much faster than industry,” BPI President and Chief Executive Officer Jose Teodoro “TG” K. Limcaoco said in a special stockholders’ meeting on Tuesday.

Shareholders of the Ayalaled bank owning 79.69% of total outstanding stocks approved the planned merger on Tuesday.

Mr. Limcaoco said the main advantage Robinsons Bank has that was factored into the projected revenue growth is its customer base’s

strong digital adoption, with over 35% of their retail clients enrolled in its online app.

“So, we think that Robinsons Bank can potentially add about 7% to our revenues, and 5 to 6% to our net income,” he said.

Mr. Limcaoco added that the merger is expected to immediately improve BPI’s industry ranking in terms of deposits to second place from third currently.

He noted that Robinsons Bank’s current and savings (CASA) ratio of 83% is higher than BPI’s by 4% and it has “manageable asset quality,” which is not seen to have a negative impact on BPI’s.

The official said they see growth opportunities in Robinsons Bank’s lending book, including in the housing, salary, motorcycle and teachers loan segments and its “unique” credit card portfolio, and that he expects these to help in achieving BPI’s target to have consumer

credit comprise 30% of its loan portfolio.

“They have a significant portion of their loan book as consumer loans, but really, their loan book is about 6% of the combined loans of BPI and Robinsons Bank.

So, if the merger in and of itself will not really bring us to our aspirations of 30% consumer loans, what we will be doing is taking some of their products, some of their approaches, utilizing their ecosystem,” Mr. Limcaoco said.

He added that the merger is expected to take effect on Jan. 1, 2024 as they still need to secure some approvals from government agencies.

BPI booked a net income of P10.1 billion in the third quarter of 2022 amid higher revenues.

This brought the bank’s bottom line for the first nine months of 2022 to P30.5 billion, backed by higher revenues and lower provisions for loan losses.

Segunda 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

Like Father, Like Son (Part 2)

Think a minute...A man was driving his car with his son when he was stopped by a policeman and given a ticket for speeding. The father was angry all the way home, talking about how he was going to get his friend at the police department to “fix” it so he would not have to pay. Then, he was going to get revenge by making trouble for the policeman who gave him the ticket!

Later, the father realized what a bad example he had been to his son, so he told his son he had said things in anger that he should not have. He then took his son with him to court, admitted he was guilty, and paid the penalty. Your kids will walk as you walk, not as you talk. They follow your ways of living much more than your words about living.

On a Saturday night, a car went off the road killing the young man driving and seriously injuring his 17-year-old girlfriend. When the girl’s parents got to the hospital, they learned that their daughter and her boyfriend had been

JHAN TIAFAU HURST

drinking. The father left the hospital extremely angry saying, “Wait till I find the person that sold my daughter that whiskey!” When he returned home he saw a note on his liquor cabinet from his daughter: “Dear Dad, I took your whiskey tonight. Hope you don’t mind?”

There’s nothing more important in your life than teaching your child by your right example. A young boy was asked on a questionnaire if he was a Christian and he answered: “I’m not a Christian because my father is not a Christian, and I’m the same thing as him.” Dad, you have the awesome honor and responsibility to show your son how to live the way

opinion

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

FRI-SAT | JANUARY 20-21, 2023

Vicarious celebration of Fil-Am victories

ROCKINGHAM, North Carolina—It would probably be more than a week by the time this column gets printed or comes out online whichever comes first but I’m sure a lot of Filipinos will still be basking in the afterglow of victory by Filipino-American R’Bonney Gabriel as the 2022 Miss Universe—she being considered a 2022 winner even if the pageant was held this year 2023 since there was no pageant due to the COVID-19 pandemic.

That being said, not a few Pinoys will also bat a cynical eyelash at those Pinoys who cheered on Miss Gabriel’s victory even if she did technically represent the US in the (arguably) longest running and most well known beauty pageant in the world. Among those who voiced their cynicism in social media is Nef Luczon, a Cagayan de Oro City-based bureau chief of the Philippine News Agency (PNA) and local filmmaker/professor who described the Filipinos fawning over Miss Gabriel’s Miss Universe win and her Fil-Am roots as ‘Penoize’, probably a play on ‘Pinoys’ and ‘noize (noise).

While I may agree with his points—he did guest in my program ‘Susan Live’a few episodes back discussing about the planned ban on Korean drama—there is very little he or anyone else can

do about the tendency of many Pinoys to look for anything remotely Pinoy in any celebrity who made it big abroad. Whether it be an actor, athlete, doctor and so on, the discovery of a celebrity’s Filipino roots fills any average Pinoy with a sense of pride and vicarious satisfaction from that FilAm’s achievements.

For starters we can all thank our media outlets for doing the research and looking for any signs of a celebrity’s roots to see if he or she has Filipino blood. And to be fair, these stories make for good viewing and reading. I mean, while we celebrate the boxing victories of now former senator Manny Pacquiao or the showbiz career of a Lea Salonga, it somehow gives a sense of awe and glee to discover that Mr. or Miss Celebrity is part-Filipino regardless of how small of a percentage the genes and familial roots were.

Even if that celebrity is allAmerican or European, Asian or what not, the discovery that Mister or Miss Celebrity has Filipino friends or coworkers—yes, a nanny or yaya will also qualify--=can still be a source of pride and bragging rights for our celebrity obsessed Pinoys. Ever notice how, during press junkets of tentpole film releases, the Filipino

reporter, usually TV, would squeeze in a question like, ‘have you ever been to the Philippines?’ or some such line?

I don’t blame these reporters for doing so because they’re trying to connect the celebrity with their intended audience. At any rate to their credit the foreign celebrities in question are game enough and even express genuine interest in the Philippines and as a Filipino transplated in the US for sometime now, I still appreciate the value of interconnecting with different cultures. Bisan asa ta mabutang sa kalibutan, mogawas gud ang atong pagka-Pinoy.

Speaking of which, it’s also instructive to know that audience attention had also been afforded to the Philippine bet to the Miss Universe, Celeste Cortesi. She’s probably to my recollection one of the more recent Philippine beauty pageant representatives with mixed blood, the other being Catriona Gray. But I’m not going to stray too far and talk about her or the other pageant candidates with foreign parentage.

Suffice it to say that whatever one’s sentiments on Miss Gabriel’s victory in the Miss Universe pageant is and the resulting ‘Penoizing’ afterward, it’s just that, a vicarious celebration of

SUSAN'S NOTES

one’s achievement even if that celebrity doesn’t know squat about Pinoy fans. At the time when we are still grappling with the COVID-19 pandemic, the war between Russia and Ukraine and the escalating prices of food stuff, a Miss Universe victory by a foreigner with mixed Pinoy blood is a balm on the senses.

And so FilipinoAmericans like myself cheer Miss Gabriel on while wishing that more full-blooded Pinoys make their mark in the global stage. As a former official and active member of the Filipino-American Community of the Carolinas Inc. (FACC) here, I also do my part In promoting and developing a sense of pride and kinship between the Fil-Am community here and their families back home. This effort is also critical for current and future generations of Fil-Ams who need to embrace both their ties to the Philippines and their US roots.

Beware of Pharisaical legalism

On his third day back in Manila from the state visit, President Ferdinand R. Marcos Jr. announced that “at the very least, close to 10,000 to 30,000 jobs” will be created with the awaited new investments and Chinese-assisted projects in the Philippines. He said “it’s certainly going to produce many jobs when the investments come into play, when they start their operations.”

As announced by the Presidential Communications Office (PCO), Chinese investors have pledged USD22.8 billion in investments , including USD1.72 billion for agribusiness, USD13.76 billion for renewable energy, USD7.32 billion for strategic projects like electric vehicles, mineral processing and nickel processing joint venture as a first step in the production chain to batteries and electric vehicles.

Eagerly awaited by the Philippines since the start of 2022 is news on the fertilizer supply arrangements in view of the food crisis besetting the country. The PCO announced that two Chinese fertilizer companies have signed cooperation agreements with the Philippine International Trading Corp. (PITC) to “ensure sustainable supply of much-needed fertilizers at reasonable prices.”

The visit saw the sunrise of durian exports as China opened up its huge market to the Philippines’ “queen fruit of the south”. The Department of Agriculture (DA) and China’s Ministry of Agriculture and

Rural Affairs also signed the 2023-2025 agricultural and fisheries cooperation plan and agreed on the handover certificate of the PhilippineSino Center for Agricultural Technology-Technological Cooperation Phase III (PHILSCAT-TCP III).

The Philippines and China signed a memorandum of understanding (MOU) to cooperate on the Belt and Road Initiative (BRI) even as the Chinese Ministry of Industry and Information Technology and the Philippines’ Department of Information and Communications Technology (DICT) signed another MOU for cooperation on digital and information and communications technology (ICT) cooperation.

Both countries agreed on a framework agreement for the Renminbi-portion of loan financing for three priority projects of the Department of Public Works and Highways (DPWH), as well as four loan agreements for the mixedcredit financing (US Dollar and Renminbi) of three priority bridge projects under the public works department

Guaranteed to boost the Philippine post-pandemic economic rebound is the MOU on tourism between the Philippines’ Department of Tourism (DOT) and the Ministry of Culture and Tourism of China. Before it was interrupted by the Covid-19 crisis, Chinese tourist volume to the Philippines had surged from 1.25 million in 2018 to 1.8 million.

Both countries sealed

MOUs between the Department of Trade and Industry (DTI) and the Ministry of Commerce of China on cooperation on electronic commerce; while the National Economic and Development Authority (NEDA) and China’s International Development Cooperation Agency signed another MOU on economic and technical cooperation in the Development Cooperation Plan 2023-2025 in.

The list also includes mutual recognition between the General Administration of Customs of China and the Bureau of Customs (BOC) of the Philippines on an authorized economic operator program, and the establishment of a communication mechanism on maritime issues between the Department of Foreign Affairs (DFA) of the Philippines and the Ministry of Foreign Affairs of China.

Since the Bilateral Consultation Mechanism (BCM) established in 2016 between the two governments needed enhancement, direct lines of communications on maritime issues were set up between the Department of Boundary and Ocean Affairs of the Ministry of Foreign Affairs of China and the Maritime and Ocean Affairs Office of the Department of Foreign Affairs of the Philippines.

Practical cooperation between the coast guards of the two countries is particularly useful, hence the importance of convening the 4th Meeting of the Joint Coast Guard Committee at an early date. At the same time, both sides

PHIL-CHINA WATCH

agreed to convene the Annual Defense Security Talks at a mutually convenient time to greatly increase cooperation and harmony in the seas.

In education, incorporation of the Chinese Language Education Program into the Basic Education Program of the Philippines, a memorandum of understanding to Strengthen Agricultural Technical Education Cooperation, and a Mutual Cooperation Memorandum (MCM) on Higher Education to enhance communication and ensure mutual quality development of higher education system were agreed upon.

People-to-people exchanges in promoting understanding were not missed as evidence by the newly signed MOU on Tourism Cooperation as well as direct flights between China and the Philippines, particularly Beijing and Manila, and other cities to strengthen local cooperation and promote more exchanges among sister provinces and cities of the two countries.

In STI (science and

Herman Tiu Laurel

SUSAN PALMES-DENNIS

EIRAH LEA TORRES ALCAMPADO IRENE DOMINGO-BANTOL Advertising

richard s. lagunda Justin Clyde Benedict D. Domingo Layout Artist

JOEL ESCOL Feature Editor

DANTE M. SUDARIA President/CEO

BUSINESSWEEK MINDANAO CORPORATION Publisher

ALLAN MARIO MEDIANTE Vice President for Corporate Affairs

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

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

MIKE BAÑOS Vice President for Digital

DANNYCAROSE SUDARIA-HALASAN Marketing Manager

A Brown to invest in agri company

A BROWN Co., Inc., said on Wednesday that its board of directors authorized the firm to invest in Surigao Greens Agri Corp. (SGAC), which is in the process of incorporation.

In a stock market disclosure, the company said that SGAC will be its subsidiary.

A Brown said it will

be subscribing to 12.50 million common shares representing 100% of SGAC’s outstanding capital stock upon its incorporation.

SGAC’s will be engaged in the business of processing, milling, and refining of palm oil to manufacture crude palm oil.

It will also be engaged

in “refined beached deodorized palm oil, palm olein, and other products.”

SGAC will handle the distribution of the products on a wholesale and retail market basis, “provided that [it] shall not solicit accept or take investments/ placements from the public and neither shall it issue investment contracts.”

A Brown is primarily engaged in the business of real estate development from high-end residential developments to economic and socialized housing segments.

Through its subsidiaries, it is also into power generation, manufacturing and trading of palm oil and other palm products.

PAL announces system 'slowdown' due to upgrade

FLAG carrier Philippine Airlines (PAL) on Wednesday announced a "system slowdown" that passengers may experience this weekend due to the airline's scheduled website upgrade.

In an advisory, PAL said that from 11 p.m. of Jan. 21 until 7 a.m. of Jan. 22,

its website may respond "very slowly" and may also be unavailable for one to two hours for those trying to gain access.

The website upgrade is part of PAL's efforts to improve the passengers' online experience, it said.

Passengers are urged to reach out to PAL

through various channels during the eight-hour website upgrade -- Viber, Messenger, WhatsApp (998951459) and myPAL web chat.

"We are seeking your patience and understanding. This system downtime is something we carry out

periodically to enable the portal to serve our customers better," said PAL spokesperson Cielo Villaluna when sought for a comment.

She reiterated that the system upgrade is a necessary step to improve the total online experience. (PNA)

DTI chief presents PH as investment hub in Asia at WEF

DEPARTMENT of Trade and Industry (DTI) Secretary Alfredo Pascual has presented the Philippines as an investment destination in Asia at the World Economic Forum (WEF) Annual Meeting 2023 in Davos, Switzerland.

In a statement Tuesday, Pascual said he met with senior executives of companies with business interests in the Philippines including Coursera, Chevron, Astranis, and She Loves Tech.

"We met with several business executives and presented our country as an ideal investment destination in Asia. Similarly, we shared with them our improved business climate, which was fueled by the recent economic policy reforms that facilitate ease of doing business," Pascual said.

The DTI chief also met with WEF executive committee members and head of International Trade and Investment to discuss potential cooperation with the Philippines.

During the five-day WEF meeting, Pascual will be joining the sessions on MSMEs Going Global, Next Generation Industrial Strategies, and Trade and Investment Leadership Lunch.

Pascual, along with other

economic managers, will be joining President Ferdinand R. Marcos Jr. in the CEO Dialogue on the Philippines, which will highlight the government's programs on energy, food security, and digitalization.

"We see WEF as an opportunity to gather more FDIs (foreign direct investments) that will complement our country's economic recovery initiatives," he said.

During the Laging Handa public briefing, National Economic and Development Authority (NEDA) Undersecretary Rosemarie Edillon pointed out that the WEF is a good platform for the Philippine government to highlight its initiatives in working with the private sector to achieve economic growth momentum.

"What we can promote is the way we engaged with the private sector, which is also among the top priorities at the World Economic Forum. So, when we weathered this Covid-19 (coronavirus disease 2019) pandemic, we have seen that the private sector has engaged with the government, and the LGUs (local government units) also coordinated with their own private sector," she said. (PNA)

CREDIBLE RELIABLE IN-DEPTH

Editor: GILBERT Y. CHAO

Globe bags back-to-back Industry Champion of the Year award from ACES

Leading digital solutions platform Globe has been named Industry Champion of the Year by the Asia Corporate Excellence & Sustainability Awards (ACES) for the second straight year in recognition of its healthy financial performance, robust market expansion, immense brand equity and value, and impeccable resource management strategies.

In 2019, the leading digital solutions platform was also named with the same recognition by ACES. The award is a testament to Globe’s distinct competitive edge, commendable best practices, and ability to evolve focus along with the dynamic changes in the industry.

“We are honored to receive this back-to-back recognition, proving that Globe employees, stakeholders, and customers can walk the talk. As a homegrown

telco, it is our commitment to serve millions of Filipinos with innovative products that create meaningful connections and uplift lives,” said Ato Jiao, Chief Human Resource Officer of the Globe Group.

Globe has also been recognized as Asia’s Best Workplace of the Year twice in a row for sustaining its position as a market leader and ensuring that its employees are enabled and empowered.

Globe was named one of the Top Workplaces in Asia in 2018, 2019, 2021, and 2022; and Asia’s Best Workplace in 2018 and 2021.

As a captain of the industry for 2022, Globe possesses the vision and analytical mindset to assess new opportunities and develop strategic initiatives and actions on the latest financial trends, ACES said.

“The company’s firm grasp of financial fundamentals and business savvy inspires confidence in your employees and stakeholders,” ACES said in its evaluation report.

It added that Globe has embraced technology wholeheartedly and recognizes that in this digital era, organizations that do not adapt will quickly become redundant.

“You make full use of technology throughout the organization and the results show; from improving human resources functions to shortening sales cycles,” ACES said.

Since its inauguration in 2014, the ACES Awards has grown to become one of the most sought-after accolades in Asia, a fact substantiated by the exclusive list of winners, which includes some of Asia’s most renowned business leaders, corporations, and brands.

Republic of the Philippines

REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region BRANCH 19 Cagayan de Oro City

UPON EXTRA -JUDICIAL PETITION FOR SALE under Act 3135 as amended by Act 4118, filed by HOME DEVELOPMENT MUTUAL FUND with postal address at Pag-Ibig Fund Bldg., J.R. Borja Street, Cagayan de Oro City, (mortgagee) against MANSUETA B. CADAVOS (mortgagor), with address at Lot 14, Block 30, Kisan Lu Pag-Ibig City, Iponan, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of June 23, 2022 amounts to TWO HUNDRED SIX THOUSAND PESOS & 44/100 (206,000.44) Philippine Currency, inclusive of interest and other charges and expenses of extra-judicial foreclosure and sale, the undersigned Sheriff or his deputies will sell at public auction on February 22, 2023 at 10:00 o'clock in the morning or soon thereafter, at RTC, Branch 19, Hall of Justice, Goldridge Bldg., Mastersons Avenue corner P.N. Roa Avenue, Upper Carmen, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the real property described herein-below, with all its improvements found thereon, viz:

"TRANSFER CERTIFICATE OF TITLE NO. T-207632”

(Registered in the name of Mansueta B. Cadavos)

"A PARCEL OF LAND (Lot 14, Block 30 Pcs-10-002661, being a portion of Lots 3594, 3596, 3597,3598, 3600, Cad-237 & Lot 3591-1, (LRC) Psd-128619), Situated in the Barrio of Iponan, City of Cagayan de Oro, Island of Mindanao. Bounded on the NE., along line 4-1 by Lot 13, Block 30; on the SE., along line 1-2 by Road Lot 16 (7.00 m. wide); on the SW., along line 2-3 by Lot 15, Block 30, all of the consolidation subdivision plan Pcs-10-002661; on the NW., along line 3-4 by Lot 6633, Cad-237, Cagayan Cadastre. Beginning at the point marked "1" on the plan. XXX, containing an area of ONE HUNDRED FORTY (140) square meters, more or less."

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

Prospective buyers/bidders may investigate for themselves the Title of the property above-mentioned and all encumbrances thereon, if any there be.

In the event that said auction sale on February 22, 2023 will be declared holiday or non-working day, the same will continue on the next working day without need of further notice, publication and posting. Cagayan de Oro City, January 9, 2023.

(SGD) RAUL L. SALCEDA Sheriff

IV

NOTICE FOR PUBLICATION

In compliance with Section 7 of R. A. No. 10172, a notice is hereby served to the public that JESSEL P. CAYANO has filed this Office a petition for Correction of Clerical Error in the Certificate of Live Birth. From

Any person adversely affected by said petition may file his written opposition with this Office not later than _________________.

It brings Asia’s business aspirations and success stories to the world stage through knowledge sharing and recognition.

EXTRAJUDICIAL SETTLEMENT OF ESTATE

KNOW ALL MEN BY THESE PRESENTS:

That the late FELIX BANUAG ALARCON who died on February 24, 2013 in Cagayan de Oro City; that said deceased died intestate, without will or testament, and without outstanding debts in favor of any person or entity; that at the time of his death, left a certain real property RESIDENTIAL BUILDING with Tax Declaration No. 02-024389, A One story Residential Building, situated at Barangay of Cogon, city of El Salvador, Province of Misamis Oriental, Island of Mindanao. With an assessed value of Php 20, 150. 00; A parcel of land with Tax Declaration No. 02-015981 and Transfer Certificate of Title No. T-50538 Situated at Brgy. Of Cogon, City of El Salvador, Province of Misamis Oriental, Island of Mindanao, containing an area of ONE HUNDRED FIFTY NINE (159) sq.m, A parcel of land with Tax Declaration No. 02-000433 and Transfer Certificate of Title No. T-36430, Situated at Barangay. Of Cogon, City of El Salvador, Province of Misamis Oriental, Island of Mindanao, containing an area of ONE HUNDRED TWENTY SIX (126) sq.m, A parcel of land with Tax Declaration No. 02016159 and Transfer Certificate of Title No. T-54694, Situated at Barangay Of Cogon, City of El Salvador, Province of Misamis Oriental, Island of Mindanao, containing an area of ONE HUNDRED TEN (110) sq.m., A parcel of land with Tax Declaration No. 02-017672, situated at Barangay of Hinigdaan, City of El Salvador, Province of Misamis Oriental, Island of Mindanao, containing an area of FIFTY EIGHT THOUSAND FIVE HUNDED THIRTY SIX (58, 536) sq. m., A parcel of land with Tax Declaration no. 0817001510290 and Orginal Certificate of title No. 2013000105 situated at Barangay of Tugasnon, Muncipality of Alubijid, Province of Misamis oriental, Island of Mindanao, containing an area of TWELVE THOUSAND EIGHT HUNDRED SIXTEEN (12,816) sq.m. more or less, and has been the subject of EXTRAJUDICIAL SETTLEMENT OF ESTATE, filed by the heirs of FELIX BANUAG ALARCON, As per Doc. No. 331; Page No. 66; Book No. XIX; Series of 2021 under the Notarial Registry of ATTY. EMELITO J. MARQUIÑO.

FOR THE EX-OFFICIO PROVINCIAL SHERIFF:

FEMALE To MALE who was born on APRIL 14, 1987 at Gitagum, Misamis Oriental and whose parents are VICENTE E. CAYANO and LUCIA JACALAN PACAMALAN.

(SGD) FRANCIS Y. MIGALBIO Municipal Civil Registrar

Winsel Grace Patalinghug was adjudged Miss LA Dream Skin & Cosmetics during the competition last week at Sto. Niño covered court in Lapasan, Cagayan de Oro City. PHOTO SUPPLIED

the coffee shop,” he said.

Torres said he also envisions opening more coffee shop branches in the future.

Maria Belen Acosta lauded BARMM for "ushering tremendous economic benefits" to Mindanao and the nation as a whole, manifested by the 7.5 percent economic growth rate in 2021, the second among all regions in the country. “This remarkable leap is a strong dividend of peace demonstrated in the improved regional peace and security, clear and cohesive policy agenda, and established BARMM systems and institutions,” she said. During the business congress, a sisterhood agreement was forged between the Mindanao Business Council and the BARMM Business Council (BBC), witnessed by MinDA and the BARMM’s Ministry of Trade, Investment, and Tourism. BBC chairperson Ronald Hallid D. Torres, who officially opened the gathering in Cotabato City, emphasized the council’s economic significance to the thriving BARMM business sector. “This congress is our first multidimensional and sectoral approach in creating a proactive space for business growth in the Bangsamoro region,” Torres, a lawyer, said. The ongoing threeday business assembly enables the participants to engage in various learning sessions and businessto-business networking. It will culminate in the adoption of the Bangsamoro Business Advocacy Agenda, serving as a strategic partnership and development roadmap of the region’s business sector. (PNA)

Davao... from page 1

The cooperative-run coffee shop, which can accommodate 40 people, is located on the first floor of the four-story Davao City Library and Information Center along C. Bangoy Street in Poblacion District.

“Co-op Cups aims to showcase the communities and individuals that would greatly benefit from the cooperative-run coffeeshop – such as men and women cooperative members who will be trained and employed in the coffee shop, as well as the indigenous coffee growers/ farmers situated in Marilog District and near communities who will primarily supply the coffee beans,” Torres said.

He said the establishment initially serves coffee from the award-winning Arabica coffee producer, Balutakay Coffee Farmers’ Association (BACOFA), of Bansalan in Davao del Sur, but they are also sourcing beans from other regions of Mindanao.

Torres added that MAGSIGE-MPC has 46 member-farmers, most of them indigenous people from Marilog District, who have started planting coffee beans with a total area of 80 hectares at 1,000 meters above sea level.

He hopes that the cooperative will start producing beans from their own coffee farmers by the end of this year.

“We are planting coffee, and we would like to have a value chain for coffee. That’s why we opted to put up a coffee shop. It’s such a big thing to have opened a coffee shop because we can now give a good price for the farmers. It’s good that we can supply. The farmers’ produce will be processed by the Coffee Cups,” he said.

“We intend to use the harvests from our partner coffee farmers in Marilog District to supply the bulk of the coffee beans needed for the coffee shop. Our members will also undergo training to handle the daily operations of

In a briefer, the “Co-op Cups” is a series of coffeeshops jointly operated by a consortium of MAGSIGE-MPC and the Model Cooperative Network.

the Japanese government to avail of the technical and financial assistance to develop sustainable ways of managing solid waste.

operational areas.

for by foreign borrowings. (PNA)

Aside from coffee, the social enterprise also hopes to sell other local products of the cooperatives.

Torres said the café, envisioned “as a cozy place that will offer a glimpse of the history, culture, and the recent developments of Davao City,” will feature the local flavors of Davao “to offer a taste of the region to library-goers.”

Jica... from page 1

Balengaeng, Tacunan, Biao Guianga, Angalan, Los Amigos, Talandang, New Valencia, New Carmen, Matina Biao, Tagakpan, Ula, Tugbok, and Biao Escuela.

He added around 30 participants, among them residents who would be affected by project, joined thePeople’s Forum on Agriculture and Incineration held last January 9 at The Big House Davao where they made the call for JICA not to pursue the project.

from page 1 BSP... from page 3

The forum was organized by the Global Alliance for Incinerator Alternatives (GAIA) Asia Pacific, Ecowaste Coalition, and IDIS in partnership with Ecoteneo, Masipag Mindanao, Panalipdan Youth-Davao, and SaliganMindanaw.

Participants in the forum included farmers and residents of the city’s Third District.

The local government plans to build a WTE project on a 10-hectare property in Biao Escuela, Tugbok District.

The project site of the proposed WTE facility is located 2.2 kilometers away from Biao Escuela Elementary School and the nearby Biao National High School and 550 meters from a relocation site of displaced families in Catalunan Grande, according to Peñalver.

On August 23, 2022, the City Council of Davao asked President Ferdinand Marcos Jr. to provide a counterpart fund worth P3.486 billion for the construction of the WTE facility in the city.

In a resolution authored by Davao City’s 1st District Councilor Tek Ocampo, the Sangguniang Panlungsod said the country should seize the opportunities offered by

Ocampo, a former Davaobased broadcast journalist, said the Japanese government expressed the intention in 2018 to donate 5.013-billion yen, equivalent to around P2.052 billion, to partially fund the project.

In a release issued on Sunday, various groups are wary of the establishment of WTE facility due to its potential hazards to the health of the local residents and to Davao’s rich biodiversity, particularly the fragile watersheds.

The environmental advocates point out that the wastes generated in the city are 50-percent organic, which cannot be utilized to fuel a WTE technology.

The city generates around 600 to 700 tons of waste daily, according to the City Environment and Natural Resources Office.

Peñalver added that a WTE facility is a “dangerous way” of generating power as it is not a renewable energy source and produces more greenhouse gases than coal.

“So not only is incineration a bad choice for the environment, but it’s also not a wise choice from a climate perspective,” he added.

The BSP chose to focus on the wholesale aspect of CBDCs as it is mainly restricted to banks and other financial institutions. Retail CBDC is intended for the general public.

CROSS-BORDER PAYMENTS “We are currently talking to other central banks in Asia to make cross-border payments more affordable and efficient,” Monetary Board Member Eli M. Remolona, Jr. said in Filipino.

The BSP earlier signed a memorandum of understanding (MoU) with other central banks in the Association of Southeast Asian Nations to strengthen collaboration on payment connectivity.

The MoU on Cooperation in Regional Payment Connectivity was signed on the sidelines of the G20 Leaders’ Summit with the Bank of Indonesia, Bank Negara Malaysia, Monetary Authority of Singapore, and Bank of Thailand on Nov. 14 in Bali, Indonesia.

The memo is expected to contribute in accelerating economic recovery and promoting growth as it aims to foster a more inclusive financial ecosystem by enabling fast, seamless, and cheaper cross-border payments across the region.

project are very modest. One is to build a necessary capacity within the BSP as well as with supervised financial institutions to have that hands-on knowledge on the functionality, architecture, as well as the operational and organizational requirements for CBDC,” Ms. Glindro said.

“Second is that we want to leverage from the learnings of this pilot project in defining the roadmap for future pilot projects for other use cases like crossborder payments, intraday liquidity facility, among others, and also equity settlement,” she added.

The project is led by a management team from multilateral institutions and international standardsetting bodies to ensure coverage of critical

The cross-border payment connectivity will support and facilitate international trade, investment, and other economic activities, the BSP earlier said.

By this year, the central bank hopes 50% of payments, both in volume and in value, will be done online, while increasing the number of adults with bank accounts to 70%.

Marcos... from page 3

denominated bond, with the latter an environmental, social and governance (ESG) bond, in October 2022.

The government has set a P2.207-trillion borrowing program for this year, P1.654 trillion will be sourced from domestic fund sources while P553.5 billion is accounted

LAPASAN NATIONAL HIGH SCHOOL IS BACK NOT JUST ONE BUT THREE

Lapasan National High School participated in the annual celebration of Drug Abuse Prevention and Control Week that was initiated by the Department of Health of Region X last November 22-25, 2022.

With the leadership of the Secondary School Principal, Rosanna Q. Ubalde, PhD., the school successfully registered three (3) teams to compete in the following highlighted activities to be participated by ten (10) identified schools in the Division of Cagayan de Oro City, namely: Quiz Bowl, Hip-hop Dance Contest, and Research Poster Presentation. All these three competitions were conducted virtually and followed by the awarding ceremony that was held at Centrio Mall on the

By ROSANNA Q. UBALDE

same day, November 22,2022. Plaques, certificates and cash prizes were given to the winning schools.

The celebration of this annual event has ended victoriously with this school garnering three awards. Firstly, in the Quiz Bowl, the team ranked First Place. This was participated by two (2) of the Senior High School students of GAS 11 A namely, Hannah Jean T. Macabale and Roshiel Grace A. Babayson. These girls were mentored by Ms. Jorie J. Dela Torre, the Coordinator herself of the Barkada Kontra Droga of this school. Secondly, in the Hip-Hop Dance contest, the team landed in Second Place. This was all participated by the Special Program in the Arts Dance and Theater Arts students and was

mentored by Ms. Jeanie Fe Z. Llaban. Thirdly, in the Research Poster Presentation, the team garnered Third Place. This was participated by another Senior High School student named, Rotsen Angelie R. Valenzuela, along with her were two mentors namely, Rozell May G. Bamoya and Genevieve A. Bangahon.

All these triumphs could never be possible without the support of the whole community of Lapasan National High School. The image of strength and excellence of this learning institution has never been lost amidst the threat of this pandemic. Victory has always been designed, as tagged, Basta Lapasan, Maaasahan!

Congratulations Lapasan National High School!

the way his Maker created him to live. But you cannot show him Jesus’ way if you are not living that way yourself. Today, you can ask Him to forgive you for living your own, wrong way, and to take full charge of your heart and character. Then you can start showing your son God’s way every day, both with your words and your ways. Just think a minute…

Like... from page 4 Beware... from page 4

technology), both sides agreed to explore potential cooperation in such areas as meteorology, space tracking, telemetry and command and expressed their mutual willingness to establish an information notification system on rocket launches and, in response to a recent incident, develop procedures for the retrieval and return of space debris.

Joint cooperation to address Covid-19 addressed the procurement of vaccines, as well as further efforts to promote public health cooperation in such areas as vaccine research and

EXTRAJUDICIAL SETTLEMENT OF ESTATE OF VIRGINIA S. BERLOS AND ERNESTO E. BERLOS SR.

NOTICE is hereby given that VIRGINIA S. BERLOS, who died on 04 July 2011 at Gregorio T. Lluch Memorial Hospital, Palao, Iligan City, Lanao del Norte; died intestate, without a Will or Testament and without any outstanding debts in favor of any person or entity; That the deceased left the following property with: ONE-HALF (1/2) SHARE OF TCT NO. C-10962, situated in Argayoso, Manticao, Misamis Oriental, containing an area of FORTY NINE THOUSAND FOUR HUNDRED EIGHTY FOUR (49,484) SQ. M. Is the subject of E XTRAJUDICIAL SETTLEMENT OF ESTATE OF VIRGINIA S. BERLOS AND ERNESTO E. BERLOS SR. WE, the HEIRS OF VIRGINIA S. BERLOS AND ERNESTO E. BERLOS SR, namely: CHERRY LYN S. BERLOS, single, resident of Dumigpi Cpd. Centro St., Lawang Bato, Valenzuela City; ERNESTO S. BERLOS JR., single, resident at Purok 11, Tambacan, Iligan City; ERVIN S. BERLOS, single, resident of 130 Kasiyahan St., Don Antonio Hts Holy Spirit, Quezon City; EUGENE S. BERLOS, single, resident of Cagayan de Oro City; RITZEL S. BERLOS, single, resident of Bayug Island, Island, Iligan City; all of legal ages, Filipinos, and hereinafter referred to as HEIRS; That the other half of the above-described property belongs to Ritzel S. Berlos; filed by the heirs of VIRGINIA BERLOS AND ERNESTO E. BERLOS SR. As per Doc. No. 90; Page No. 18; Book No. 14; Series of 2017 under the Notarial Registry of ATTY. MARIA LEONITA Q. GO.

BWM Jan. 13, 20 & 27, 2023

production. Both sides expressed support for the ASEAN Center for Public Health Emergency and Emergency Diseases.

The important Declaration on the Conduct of Parties in the South China Sea (DOC) was reaffirmed, thereby recalling the Joint Statement on the 20th Anniversary of the DOC adopted in Phnom Penh, Cambodia on Nov. 11, 2022, and encouraging the progress towards the early conclusion of an effective and substantive Code of Conduct in the South China Sea.

Last and of utmost importance is the spirit of the Memorandum of Understanding on Cooperation on Oil and Gas Development between the Government of the People’s Republic of China and the Government of the Republic of Philippines. Signed in 2018, the MOU is the mutual agreement of the two states to resume discussions on oil and gas development as well as to explore cooperation in such areas as solar-power, wind energy, electric vehicles, and nuclear energy for electricity generation.

EXTRA-JUDICIAL SETTLEMENT

NOTICE is hereby given that deceased, LINO PAGAPULAAN SALCEDO, who died intestate on MARCH 26, 2019 in Cagayan de Oro Polymedic Medical Plaza, National Highway, Kauswagan, Cagayan de Oro City, Misamis Oriental, left without any will and testament; That said deceased, at the time of his death, left BANK DEPOSIT in LAND BANK OF THE PHILIPPINE (LBP) under Account Number 3146-1770-68; Is the subject of EXTRA-JUDICIAL SETTLEMENT, made and entered into by and among: That we are the surviving legal heirs of and sole heir of the late, LINO PAGAPULAAN SALCEDO, namely: ROGELIA JANIO SALCEDO – surviving spouse, of legal age, Filipino citizen, widow, residing at # 168 Zone 8, Blue Barracks, Patag, Cagayan de Oro City; and children, namely: REXJOY JANIO SALCEDO, of legal age, Filipino citizen, married, and a resident of #168 Zone 8, Blue Barracks, Patag, Cagayan de Oro City; MARIES BAMBIE SALCEDO ABELLA, of legal age, Filipino citizen, married, and a resident of #168 Zone 8, Blue Barracks, Patag, Cagayan de Oro City; and GERLIN SALCEDO ANDAYA, of legal age, Filipino citizen, married, and a resident of Zone 7, Patag, Cagayan de Oro City, hereinafter referred to as the Heirs. That the parties hereto being legal heirs and with full civil capacity to contract, hereby by these presents agree to adjudicate, as they hereby adjudicate, the above-mentioned BANK DEPOSIT to ROGELIA JANIO SALCEDO under Account Number 3146286231; filed by the heirs of LINO PAGAPULAN SALCEDO. As per Doc. No. 421; Page No. 85; Book No. XVIII; Series of 2022 under the Notarial Registry of ATTY. ALBERT WENCES C. DABA III. BWM Jan 13, 20 & 27, 2023

VIRTUDAZO-REYES

FRIETCHIE

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IDC Launches its most awaited Phase 3 - Città Grande

“The

Città Grande at Primavera City, the third phase of the Primavera City project was formally introduced by Italpinas Development Corporation (IDC) last December 22, 2022. Città Grande at Primavera City is IDC’s latest green building project set to rise at the center of Uptown Cagayan de Oro’s booming commercial district.

In location, concept, and design, this innovative property utilizes its surrounding environment and integrates modern technology to improve everyday living and conveniences – allowing you to choose how you live, work, and play.

“Città Grande is a

key milestone for IDC in Cagayan de Oro as this reinforces our commitment to bring the world-class sustainable building to infuse with today's modern technology that brings a luxurious living experience in the city” expressed Arch. Romolo V. Nati, CEO, and Chairman of

IDC.

Città Grande debuts smart homes aiming to help future owners by providing the right energy-efficient appliances and gadgets to better manage your home. With this new initiative, the automation allows for better conveniences with smart home functionality and dayto-day personalization giving you comfort and peace of mind.

Enjoy in-home automation features with

your Città Grande home completely included

Located in West Uptown Development Area, Città Grande seats atop one of the most promising areas in the city, with various pipeline projects enhancing mobility and connectivity between uptown Cagayan de Oro to other parts of the province such as Bukidnon and Laguindingan, thereby strengthening the economic and commercial

growth of the West Uptown Development Area.

The West Uptown Development Area is set to be an economic growth zone for the city as it has been identified as the location for the planned city extension which will host a government center, residential district, residential and agro-industrial zones, and transport hub.

In addition, the West Uptown Development

Area is said to be the new relocation site for a significant educational institution.

IDC is a design-driven developer committed to environmental sustainability through elegant architectural solutions and trademarks of contemporary Italian aesthetics. IDC focuses on delivering projects on hyper-prospective emerging cities and other next-wave locations in the Philippines.

support shown by Kagay-anons is welcoming and the Local Government of Cagayan de Oro is supportive of its investors. The market's favorable response indicates a rapidly expanding city with a drive for economic growth. And we are grateful and proud that we chose Cagayan de Oro." said Ms. Gladys Ivy M. Echano, IDC National Sales Head.

In photo: Atty. Jose D. Leviste III, President Italpinas Development Corporation

In Photo: Engr. Giuseppe Garofalo, Chief Operating Officer, Italpinas Development Corporation