BusinessWeek Mindanao (June 6-7, 2022)

Page 1

BusinessWeek M I N DA N A O CREDIBLE

Volume XII, No. 152 AS OF 6:00 PM JUNE 3, 2022 (FRIDAY)

X

US$1 = P52.860

0.04 cents

PHISIX

X

6,686.83

33.78

RELIABLE

points

Briefly Emergency employment BU T UA N Ci t y – – T h e Department of Labor and Employment (DOLE) has not stopped in providing assistance to displaced and affected workers of Agusan del Sur even as the country is slowly recovering from the impact brought by the Covid-19 pandemic. Shown in photo are the DOLE officials assisting the displaced and affected workers of COVID 19 pandemic in Agusan del Sur province who availed the emergency employment program of the government. (Photo courtesy of DOLE 13-PIO via Mike U. Crismundo/Manila Bulletin) Initially, 2,352 displaced and affected workers availed of the emergency employment program of the agency.

Ban on poultry products DAVAO City — The local government of Davao has prohibited the entry of poultry products from restricted areas, including Luzon and other areas with reported cases of highly pathogenic avian influenza (H5N1) or bird flu to protect the local industry here. Dr. Cerelyn Pinili, head of the City Veterinary Office, said during an interview over Davao City Disaster Radio (DCDR 87.5) on Friday that the city remains bird flu-free and that local authorities are doing all they can to prevent the possible spread of the infection in poultry farms and backyard raisers. Mayor Sara Duterte’s Executive Order 19 dated May 13 but was released only on Thursday provides a temporary ban on the entry of all live domestic and captured wild birds, and their products and by-products, including day-old chicks, eggs, semen, manure, and fathers, from mainland and island provinces of Luzon, and other areas with reported cases of bird flu.

IN-DEPTH

P15.00

Wage hike monitoring intensified in Normin www.businessweekmindanao.com

Market Indicators FOREX

YOUR MINDANAO-WIDE BUSINESS PAPER Mon-Tue|June 6-7, 2022

T

HE Department of Labor and Employment (DOLE)-Region 10, through the Regional Tripartite Wages and Productivity Board (RTWPD-10), has assured the public it will strictly monitor the wage increase implementation in Northern Mindanao region. Albert Gutib, DOLE-10 director and RTWPD-10 chairperson, during the press conference on the new minimum rates in region 10 on Thursday afternoon, June 2, assures the public with the strict monitoring of the wage increase implementation in Northern Mindanao region. (Photo: Screengrab from the facebook video of the press conference posted by the Philippine Information Agency Region 10) WAGE/PAGE 11

AMBULANT VENDORS. Vendors of ethnic-inspired body ornaments in Malaybalay City play their musical instruments to catch the attention of passersby. mindanews photo by h . marcos c . mordeno

Wage hike in Davao Region 'far from enough': ex-solon By ANTONIO COLINA, MindaNews

DAVAO City – The approved minimum wage increase in Davao Region is ‘far from enough’ to cover the prices of basic commodities, a former lawmaker said. Former Anakpawis Partylist representative Ariel Casilao said in a statement

that the wage increase is below the supposed ‘poverty wage’ and much lower than the ‘living wage’ for a family of five. The Regional Tripartite Wages and Productivity B oard (RT WPB-Davao) HIKE/PAGE 11

SoCot gov vetoes SP ordinance lifting ban on open-pit mining By ALLEN V. ESTABILLO, MindaNews

KORONADAL City – Saying it was hastily decided and includes questionable provisions, South Cotabato Gov. Reynaldo Tamayo Jr. has vetoed the controversial lifting by the Sangguniang Panlalawigan or provincial board two weeks ago of the ban on open-pit mining in the province. Tamayo announced his decision in a public statement at the provincial capitol Friday afternoon, a day before the deadline for him to act on the amendment of the 12-year-old Ordinance No. 22 or the South Cotabato Environment Code. “Ipi n ap a a l a m k o s a buong sambayanan ng South Cotabato na ang Resolution 137, enacting Ordinance No. 23 series of 2022 amending pertinent provisions of the Environment Code of South Cotabato is vetoed by the

provincial governor,” he said. The governor said h e m ai n l y h e e d e d t h e recommendation made by the technical working committee earlier created by his office to study the amendment of the Code, specifically the ban on open-pit mining contained in Section 22. At least 10 board members approved the proposed changes without any objection on second and third reading during its regulation session on May 16 despite opposition from various sectors and neighboring local government units. Tamayo said that while he finds the open-pit mining ban as “ultra vires” or beyond the authority of the provincial government being contrary to national laws, he said the board appeared to have rushed its decision on the matter.

He said the amended ordinance also included a provision setting the mandatory review of the Code every 10 years, extending the previous five-year period, a move he considers as another “ulta vires.” Since the provincial board is already on recess, the governor said he is leaving the next set of legislators to carefully study and eventually decide on it properly. “They should look into all the angles as to what will be more beneficial for the province,” he said. Tamayo said his decision has no connection with the fate of the planned $5.9-billion large-scale copper and gold mining project of Sagittarius Mines Inc. (SMI) in Tampakan town, noting that the local government’s jurisdiction only covers small-scale mining. The province’s ban on VETOES/PAGE 11

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776


2

Local

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

MON-TUE|JUNE 6-7, 2022

CDO sets series of activities to fight increasing dengue cases

A

SERIES of activities is set to be conducted by the local government here for the month of June as part of its awareness campaign to fight against dengue, the City Health Office (CHO) announced on Thursday, June 2. In an online briefer, CHO medical officer Dr. Ted Yu said the start-up activity for the month will be on Friday, May 3, where the city government will conduct a clean-up drive in Barangay Puntod. Yu assured the conduction of the same activity to the

different barangays in the city as part of their commemoration of the National Dengue Awareness Month. “Rest assured we will conduct a series of activities this June which includes our blood-letting program for our dengue patients just in case we need blood, in partnership with the Philippine Red Cross,” he said. City mayor Oscar Moreno, Yu said, is expected to join the start-up activity together with the different health officials and barangays officials. The medical officer

already noted the slight increase of dengue cases for the past months this year compared to cases in 2021. Dr. Joselito Retuya Jr., the city epidemiologist, earlier reported the 362 dengue cases for the first quarter of 2022 in the city. This is 160 cases higher compared to the first quarter data in 2021. The Barangay Carmen – the biggest barangay in the city – remains the area with the most high number of dengue cases this year, tallying 53 cases for the first quarter. Mayor Moreno underscored the

importance of preparation in fighting dengue as it is expected to rise in the rainy season. “This is a very nice program. The cases of dengue are expected to rise at the onset of the rainy season, that is why

we need to prepare,” Moreno said. Yu urged the public to strengthen the ‘5S strategy’ to fight the possible surge of dengue cases amid the ongoing threat of the coronavirus disease 2019 (Covid-19).

The 5S strategy consists of search and destroy mosquitobreeding sites, selfprotection measures, seek early consultation, support fogging for impending outbreaks and sustain hydration.

THE Department of Education (DepEd) Region 10 office has been implementing three absolute bans under its tobacco control program to keep the children away from cigarette addiction. These bans include smoking within the school premises, selling of cigarettes within 100 meters from the schools, and partnership with all tobacco companies. Dr. Myra Yee, DepEdRegion 10 medical officer, made the statement during a media forum on Thursday, June 2, stressing that the move is intended to keep the children from getting addicted to

cigarettes. The bans, according to Dr. Yee, apply to the entire region and offices in DepEd Region 10. Yee stressed that the said interventions will help maintain the good health, not just of the children and employees in school but also of the employees of DepEd. The said program is apart from the DepEd’s Oplan Kalusugan. “This is serious. As we all know that our learners are very crucial, especially in their adolescent period (10-19 years old) which can be prone to all types of addiction, including Tobacco,“ Yee said as she

explained the crucial phase of a person’s adolescent period. Apart from the tobacco control program, the DepEd-10 also underscored the National Drug Education Program, which covers not only tobacco but also substance abuse and alcoholism. In smoking, Yee said they already conducted empowerment training for tobacco coordinators to the 14 divisions of DepEd in Northern Mindanao region. “We also have training for brief tobacco intervention, especially those [students] who CAMPUSES/PAGE 11

DepEd-10 strengthens bans vs. cigarettes in campuses

Covid-19 transforms lives and education By MELCHIE ABRINICA PADERANGA Teacher III Bongbong Elementary School District 9 Division of Ozamiz City

THE COVID-19 has resulted in schools shut all across the world. Globally, over 1.2 billion children are out of the classroom. As a result, education

has changed dramatically, with the distinctive rise of e-learning, whereby teaching is undertaken remotely and on digital platforms. Research suggests that

online learning has been shown to increase retention of information, and take less time, meaning the changes coronavirus have caused might be here to stay. While countries are at different points in their COVID-19 infection r ate s , worl dw i d e t he re are currently more than 1 .2 bi l li on ch i ld re n i n 186 countries affected by school closures due to the pandemic. In Denmark, children up to the age of 11 are returning to nurseries and schools after initially closing on 12 March, but in South Korea students are responding to roll calls from their teachers online. With this sudden shift away from the classroom in many parts of the globe, some are wondering whether the adoption of online learning will continue to persist postpandemic, and how such a shift would impact the worldwide education market. Even before COVID-19, there was already high growth and adoption in education technology, with global edtech investments reaching US$18.66 billion in 2019 and the overall market for online education projected to reach $350 billion by 2025.


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

MON-TUE|JUNE 6-7, 2022

Central bank keeps cap on credit card charges THE central bank retained the ceilings for charges on credit card transactions to help consumers as the coronavirus disease 2019 (COVID-19) pandemic continues. The Monetary Board kept the maximum interest rate on unpaid outstanding credit card balance at 2% per month or 24% per year, the Bangko Sentral ng Pilipinas (BSP) said in a statement on Tuesday. The cap for the monthly add-on rate that credit card issuers can charge on installment loans was kept at 1%, while the maximum processing

fee for credit card cash advances will remain at P200 per transaction. “The decision of the Monetary Board will continue to help ease the financial burden of consumers through affordable credit card pricing amid the ongoing COVID-19 pandemic,” BSP Governor Benjamin E. Diokno said. “It will also allow the BSP to assess the impact of the improvement in macroeconomic fundamentals and easing of mobility restrictions on the performance of the CHARGES/PAGE 11

PHL banks’ operating environment stable as economy recovers

P

HILIPPINE banks’ operating environment is seen to be stable due to receding virus risks, a better business outlook and the economy’s continued recovery, which could lead to stronger demand for loans, Fitch Ratings said on Wednesday. Fitch said in a report that the Philippine banking system’s operating environment score is now stable, up from negative previously, as the economy continues to rebound from the coronavirus

Education: Key to Success By BLESSEL M. MATOS

They say that education is the only treasure that can’t be taken away from us by someone else. Such fact is true. Indeed it isn’t just a treasure but a key towards achieving one’s goals and ambitions. A lot of youth nowadays are neglecting education. While others are struggling to finish their education, others too are not minding at all. The government has been so pure with providing free education from kindergarten to the tertiary level. Such is being provided because the government wants to make sure that all citizens of the country are not left behind. A lot of programs about providing quality education are handed and circulating into action with the aims

3

Banking&Finance

that Filipino people are well rounded and are globally competitive. Yet, there are some who disregards it easily. Education is the right of every Filipino citizen. Therefore, making it accessible to all regardless of the economic status an individual is in. When an individual is full packed with education, it is a guarantee that a brighter future awaits. Hence, education is a key to success. There is no reason for a Filipino citizen not to be given an opportunity to embrace education for it is a right given. Thus, we must fully embrace and give importance to education because it is one of our tickets to changing our lives for the better.

pandemic’s impact. “The Philippines’ GDP (gross domestic product) expanded by 8.3% year-on-year in 1Q22, following a rise of 5.7% in 2021. We expect the recovery momentum to be sustained, with growth of 6.0% in 2022 and 6.2% in 2023. The rebound in the economy should support loan demand and temper asset-quality risks that may arise from sectors still reeling from the pandemic,” the debt watcher said. “Rising commodity prices, exacerbated

by global geopolitical developments, are likely to fan inflation and dampen near-term consumer sentiment. Prolonged inflationary pressure could derail the recovery momentum and hurt loan demand and our assetquality outlook; however, this is not our base case.” Fitch said inflation could dent banks’ nearterm growth opportunities as higher prices affect consumers’ purchasing powers. Still, it said it believes the economy and the banking second have “adequate capacity”

to absorb the impact of higher prices. “We expect loan growth to continue to accelerate and settle at a high singledigit level by end-2022. Household consumption loans, particularly credit cards and auto loans, have weighed on loan growth for the past year. Nevertheless, recent consumer expectation surveys indicate rising optimism, which may herald a modest recovery in consumer loan demand, albeit this is likely to be tempered by higher STABLE/PAGE 10

THE Bangko Sentral ng Pilipinas (BSP) is further strengthening its cybercrime-fighting policies and calling on the private sector to also increase vigilance against money laundering and terrorist-financing activities such as illegal online gambling. “The BSP is adopting policies and regulations to guide banks and other supervised institutions in deploying a risk-based approach to cybersecurity management,” said BSP Governor Benjamin E.

Diokno on Wednesday, June 1. He is the incoming finance secretary in the next administration. Diokno is urging the public to report suspected unlawful activities to the Philippine National Police and the National Bureau of Investigation. The BSP is also reminding all supervised financial institutions or BSFIs to follow strict due diligence requirements and monitoring of clients’ accounts and transactions, as well as the reporting of suspicious transactions.

BSFIs are also reminded to ensure that “appropriate control measures are in place to restrict access of minors, government employees and other prohibited players on these online gambling facilities.” Last month, the BSP issued a reminder and a warning to BSFIs that despite its capabilities to detect and prevent digital-related fraud, cyber criminals still find ways to target people’s weakest side. Diokno said most EFFORTS/PAGE 10

BSP intensifies efforts to ‘curb’ cybercrimes


4

Opinion

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463-826-272-000 – VAT. Reg., and with Business Permit No. 2020-04015. Tel. Nos.: (088)856-3344, (088) 810-100, 0923-432-0687, 0917-7121424

Not in a Civilized Society

KIM'S DREAM

BUSINESSWEEK MINDANAO CORPORATION Publisher DANTE M. SUDARIA President/CEO ALLAN MARIO MEDIANTE Vice President for Corporate Affairs

VICENTE C. DELA VICTORIA Vice President for Operations JOE FELICILDA Vice President for Administration JOE PALABAO Vice President for Marketing ROSE MARY D. SUDARIA, PhD Vice President for Finance MIKE BAÑOS Vice President for Digital

NELSON CONSTANTINO Editor-in-Chief

MIKE BAÑOS

JUN AYENSA

Motoring Editor

Regional Editor - Caraga

MIKE BAÑOS Contributing Editors

ATTY. ANTONIO S. SORIANO

Feature Editor

2f, ICS Building Tel.No.: 881-0176 Tiano cor. Montalvan sts. Legal Counsel

CLIFFORD SANTILLAN

ATTY. MARIO T. JUNI

RIVA FELICILDA Advertising

Juni Law Office Cruz Taal St., CDO Legal Counsel

JOE PALABAO

Cell No: 09352379999

Layout Artist

MANILA OFFICE: 9th Floor, Unit 918, CityLand Herrera VA Rufino Cor. Valero St., Salcedo Village, Makati City Tel. # : 5555392,Cell Nos.: 0955-366-5968 | 0918-527-5898 CECILIA FRESNIDO-HONRADE - New Marketing Manager DAVAO MARKETING OFFICE Door 223, Doña Segunda Bldg., CM Recto Ave., Davao City Telephone #: (082) 298-8815 Regional Mktg Manager-JOE PALABAO- 0926-8430152 Circulation-JOHN PAUL AQUINO, 0907-331-5640 OSCAR LEDESMA Bureau Chief, Bukidnon Contact No.: 0916-910-0019

Member: Philippine Press Institute Oro Chamber

The will to win Think a minute . . . A father was trying to get his little boy to drink a glass of milk but the son kept refusing; so the battle of wills was on. The father then poured himself a glass of milk and challenged his son to a race to see who could drink their milk the fastest. When the son had finished drinking his entire glass of milk, he said: “Let’s race again!” The will to win is built into all of us, some more than others. In fact, massive armies led by ambitious men like Alexander the Great, Julius Caesar, and Napolean Bonaparte, marched off to foreign lands simply to conquer them. The military general Robert E. Lee said: “It’s a good thing war is so terrible, otherwise we would like it too much.” However, the good side of man’s drive to conquer has given us tremendous discoveries that have advanced mankind. Like the team that Captain Earnest Shackleton led to boldly explore the bottom of the world: Antarctica. Amazingly, this is the advertisement he put in the local newspaper to

THINK A MINUTE

JHAN TIAFAU HURST attract men to join his team: “Men wanted for dangerous duty. Small wages. Bitter cold. Constant danger. Safe return doubtful.” Not a smart and appealing advertisement, right? Wrong! More than 5,000 men applied in response to that ad. But why would so many men want to risk everything to be part of such a miserable, dangerous journey? The answer is man’s will to win and conquer. It’s that powerful. T h at’s w hy it i s s o important that we control and use our will to win in a mature, constructive, and right way. It also means learning to lose gracefully, while keeping our good WILL/PAGE 11

MON-TUE|JUNE 6-7, 2022

'Survival of the Fittest' Only Applicable in the Jungle

Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com

RUFINO T. MAGBANUA Vice President for Business Development

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

ORLAN R. RAVANERA There is now an evolving consciousness that Darwin’s theory of Survival of the Fittest is flawed and must b e d e bu n ke d, a w rong concept that has given way to a roadmap of paradigm that has justified the gross social inequities and social injustices in a world where a fe w ol i g archs are i n control, that is, if “fittest” is equated to the strongest, the most aggressive who will defeat anyone who dare to challenge to dominate. That dictum only applies to a jungle-like existence like hungry wolves competing who is the one who will eat a cornered prey. The horrible incidence last April 19, 2022 when the armed guards of the Kiantig Development C or p orat ion were s e en in video indiscriminately sho ot i ng hu nd re ds of Manobo-Pulangiyon Tribal Community just to occupy a 4-ha vacant area of their 1,111 ha.-ancestral domain that has been certified to be theirs but transformed into massive plantation by a powerful corporation put in clear categorical term that the well-armed and powerful corporation owned and managed by the incumbent

mayor is the fittest and can “eat a cornered prey.” But such barbaric treatment is just a “tip of the iceberg.” A Study has concluded that “indigenous lands have become battlegrounds of conflict against powerful forces that aim to grab their lands and resources to advance political and economic interest in support of agenda that is driven by corporate greed.” In fact, since 2016, some 95 IP leaders and advocates have already been killed for opposing illegal grabbing of their ancestral domain, including a 5-yr. old boy and a pregnant lady datu. The “fittest” are instilling fear as a means of landgrabbing. MAY NA HULI NA BA? In a jungle-like existence, no such thing as rule of law but the rule of power, wealth and fame as the “fittest” always wins. That minds et of the strongest controlling everything has worked for the beasts in a world where the name of the game is survival. It should not be the case now where the name of the game should be sharing, cooperation and ser vice. That is the core value of all religions, that is, to serve the least of our brethren but is now utterly disregarded by a humanity that is giving high veneration to the profitmotive that has already captured the mindset of a l l gover nments, a l l institutions, all universities and even of religious groups. Indeed, there is denigration of spirituality in a world buried in so

much consumerism and materialism. It is horrible even to contemplate the present economic order in a world where only eight families have a total wealth equivalent to the total assets of more than 3.6 billion earthlings based on a study by Oxfam. I can only surmise that these billionaires with their tremendous financial raking at the expense of the people and the environment are justifying such economic domination because afterall it is survival of the fittest and they are the fittest who would crash down anyone in business. No sir! Enough is enough of so much unbridled materialism and consumerism. That theory has reduced man who is an embodied spirit created by God in His image and likeness to being just a beast. That flawed theory has spawned a wrong development paradigm called Neo-Liberal Capitalism, a growth-at-allcost development strategy that has sacrificed Mother Earth and the people to the altar of greed and profit. History tells us how man has become so dominating that wars have to be resorted every time threats to one’s domain loom. There is no need to live in that jungle-like world anymore. The universe is unfolding so fast that there are so many things to do, to know, to discover and to explore. No need to prove who is the best but the only path is to cooperate, to work together, to be one so that humanity can journey

Perils in social media We live in rapidly changing times, thanks to the technological wonders of internet and social media. As fast as we can click and send, we can broadcast messages to friends, relatives and to just about anybody, anywhere in the world. This despite the fact that Philippines remains the slowest and most expensive – in terms of connectivity – in this part of the world. In homes, schools, c om mu n it i e s , and just about any place where one has access to a computer, an iPod, or a smart phone, every Juan and Maria of practically all ages are sending and receiving messages via Facebook, twitter, instagram, viber, private messenger and what have you. Social media has become a very powerful tool for communication. And here is where Uncle Ben’s advice to Spider-Man should always b e top-of-mind: With great power comes great responsibility. This message has been re-echoed by Pope Francis. While acknowledging that “the internet, text messages, social networks and chats are ‘a gift from God” as they

can be “fully human forms of communication” the Pontiff cautions that we must “use wisely the means at our disposal”. The papal caveat arises from the very nature of the technology available. Messages - true or not have the potential of going viral in minutes , if not in seconds. “The speed with which information is communicated exceeds our capacity for reflection and judgment, and this does not make for more balanced and proper forms of expression,” Pope Francis said. Social media has become a two-edged blade. On the one hand, it can be used to inform and raise awareness. But it can also be weaponized for spreading alternative truths, revising histor y, for maligning, defrauding and harming. Social media has given rise to armies of paid trolls who disrupt/ disturb discussions, bash personalities or just simply annoy others. Wittingly or unwittingly, careless social media participants give out personal information which can expose them to identity theft, financial scams, blackmail,

sexual exploitation and security threats. Because of the foregoing, do we need to give up Facebook and Twitter? Not at all. As long as we do not become mindless. And also for as long as we follow the common-sense advice of practising responsibility in the web: Think before you tweet. Think some more before you re-tweet, share or forward any message. The search for truth Everyone agrees that we have to search for truth. Everyone agrees that the truth will set us free. But how do we go about searching for truth? Sadly, we often start with a pre-conceived notion of the truth based on limited and often distorted information fed to us. I am reminded of the story of the four blind men and the elephant. I have heard several versions of the story but most versions agree on the following details. The story goes that one day the four blind men heard that a circus was in town. Not having “seen” an elephant, the four asked the kind animal trainer to allow them to touch one of

to a higher level towards spirituality. Let us now debunk human beings’ egoic mindset that is producing a collective insanity. Each one of us is a stream of consciousness that must be connected to each other to gain strength towards that Ocean of Consciousness called Love, the Formless, t h e Un m an i fe s t e d , t h e Supreme Being called God So the meaning now of the “fittest,” is the most cooperative, the most loving, the most service-oriented. Man has ceased to be Homo Sapiens as such is a failed specie who caused the deaths of more than 100 million of his kindred during the last one hundred years. That specie now has evolved to be Homo Pacem or Espiritus Luminus, men and women for peace and enlightened spirits as they are now connected to that Ocean of Love called God! Indeed, man is more spiritual than being a body so we must not “live by bread alone.” Even King Solomon in the Ecclesiastes said that power, wealth, titles – these are meaningless, utterly meaningless. What is important is what is in our hearts and how we live to advance what is good, what is true and what is just. These are what really matter so that when we die, we will end up in God’s loving embrace. That is how to be Homo Pacem or espiritus luminous, the new consciousness. That new consciousness is now gaining headways in a materialistic world SOCIETY/PAGE 11

SPEAKING OUT

IGNACIO BUNYE the elephants, to which the elephant trainer agreed. The first blind man touched the ear of the elephant and immediately concluded that the elephant was like a giant fan. The second touched the tail and he proclaimed that the elephant was like a snake. Having touched, the hind leg of the elephant, the third blind man was ecstatic when he announced to one and all that the elephant is like a wall. The last one, who touched the tip of the elephant’s tusk, vehemently disagreed. “You are all wrong,” he said. “The elephant is like a spear.” In all likelihood, the four never stopped arguing after that encounter with the elephant because of the partial information they individually received.


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

MON-TUE|JUNE 6-7, 2022

5


6

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

MON-TUE|JUNE 6-7, 2022

SEC takes home more global awards for good governance, transparency The Securities and Exchange Commission (SEC) continues to reap global recognitions for advocating good governance and transparency in the Philippine corporate sector. Cambridge International Financial Advisory (Cambridge IFA) named the SEC recipient of the Global Good Governance

(3G) Advocacy and Commitment to Corporate Governance Award for the second consecutive year. In addition, the SEC received the 3G Transparency Award during the seventh installment of the annual 3G Awards Ceremony held by the London-based finance advisory on May 18 in Dubai, United Arab Emirates. The 3G Advocacy and

Commitment to Corporate Governance Award honors organizations, which have demonstrated a strong commitment to corporate governance practices and have maintained a sustainable corporate strategy and business policy geared to long-term value for shareholders, problem-solving skills, and competence in dealing with change. Cambridge IFA also

Equality and equity in education By MARY JOY F. EDUSMA, Teacher I Dimaluna Elementary School District 9, Ozamiz City Division

EDUCATIONAL equity ensures that the needs of individuals from disadvantaged socioeconomic backgrounds, individuals with disabilities, and other disenfranchised minorities are provided with educational tools, resources, and support that are individualized to a student's educational needs. A critical area of focus involves theorizing and implementing innovative research and techniques to leverage educational equity in both public and private sectors of education. Achievement gaps and disparate outcomes have shown that educational equality (the attempt to treat every student the same) has failed students from certain backgrounds, while the evolution to educational equity (addressing each student’s individual needs) can improve education for students who

have been neglected. In juxtaposition, educational equality assumes that all students’ educational needs are the same, and that individualized systems of educational resources are not warranted. Educational equality negates the ability to transition into the next iteration of public education that focuses on education that is equitable. Educational equity allocates educational resources by equalizing the educational system for students whose low socioeconomic status, ethnic background, family background, or geographic region impeded their academic growth. This would help close the gap between students from a low economic status compared to those individuals from a high economic status.

Republic of the Philippines 10th Judicial Region REGIONAL TRIAL COURT OF MISAMIS ORIENTAL Branch 17 Cagayan de Oro City PETITION FOR CORRECTION OF ENTRY IN THE CERTIFICATE OF LIVE BIRTH OF RISSEY DANE BANAAG SATURNO and THE MARRIAGE CERTIFICATE OF ROLAND EDQUILANG SATURNO and HAIZLE JOY DELA TORRE BANAAG,

SP.PRO. CASE NO. R-CDO-21-03582-SP

HAIZLE JOY GALLANA SATURNO, Petitioner. -versusCIVIL REGISTRAR OF CAGAYAN DE ORO CITY, AND THE PHILIPPINE STATISTICS AUTHORITY, Respondents. ------------------------------------------------------/

A verified petition seeking for the correction of entries in the civil registry, particularly, (1) in the Certificate of live birth of RISSEY DANE BANAAG SATURNO: the child’s middle name from “BANAAG” to “GALLANA” and surname of the child’s mother from “BANAAG” to “GALLANA”; and (2) in petitioner’s Marriage Certificate: the name of wife from “HAIZLE JOY DELA TORRE BANAAG” to “HAIZLE JOY DELA TORRE GALLANA” and the name of wife’s father be changed to “MANUEL P. GALLANA”. Petitioner avers that in the birth civil registry, her name was entered as HAIZLE JOY DELA TORRE GALLANA” and duly acknowledged by MANUEL P. GALLANA as his biological child. The documents appended to the petition consist of the Certificate of Marriage of Roland Edquilang Saturno and Haizle Joy Dela Torre Banaag with Registry No. 2015-1380; Certificate of live birth of Rissey Dane Banaag Saturno with Registry No. 2016-15465; Certificate of live birth of Haizle Joy Dela Torre Banaag; Judicial affidavit of petitioner Haizle Joy Saturno and photographs. Finding the petition to be sufficient in form and substance, the Court sets the petition for initial hearing on July 26, 2022 at 8:30 o’clock in the morning. Any person whose right may be affected by this petition may appear at the hearing and show cause why the petition should not be granted. At her own expense, petitioner is directed to cause the publication of the notice of initial hearing in a newspaper of general circulation in the province of Misamis Oriental and City of Cagayan de Oro for three consecutive weeks; and to cause its posting together with copy of the petition in three conspicuous public places, at the Bulletin Boards located at the main entrance of the City Hall of Cagayan de Oro City, Barangay Hall of Bulua, Cagayan de Oro City and Hall of Justice of Cagayan de Oro City. Petitioner is directed to serve the Office of the Solicitor General at 134 Amorsolo Street, Legaspi Village, Makati City, the Office of the City Prosecutor and the City Civil Registrar of Cagayan de Oro with copy of the petition and the annexes and to present proof of compliance during the initial hearing. SO ORDERED. Given this 17th day of May 2022 in Cagayan de Oro City.

BWM: June 6, 13 & 20, 2022

with the most rigorous and transparent reporting on financials, governance and strategy. “We take these awards as an affirmation of our unwavering effort to champion good governance, transparency and social responsibility

in the Philippine corporate sector with the end goal of a better future for Filipinos,” SEC Chairperson Emilio B. Aquino said, as he received the awards. “As we receive these recognitions, we hope to AWARDS/PAGE 10

Benefits of Music on Mental Health JAME M. HERNANE JR Cagayan de Oro National High School - JHS

It is evident that the mental and emotional pressure on students, parents, and teachers has increased during the coronavirus outbreak. This is something we need to acknowledge and address to prevent this new normal from becoming too overwhelming. When we are stressed or worried about something, may it be school or work related, our bodies feel that stress and our brain respond to it. In most cases where our survival brain is coping up to the stress and challenges that we face, our thinking brain begins to dim. Thus, staying for too long in our survival mode can have a negative impact on our wellbeing. Music has a prominent role in the everyday life of many people and it can affect the body in several health-promoting ways, which is the basis for a growing field known as music therapy. Music can improve mood, decrease pain and anxiety, and facilitate opportunities for emotional expression. Aside from that, meditative and ambient music has a therapeutic effect on

its listeners as it helps improve mood and induce relaxation of both the body and mind. Research has shown the calming sounds of piano, nature, and string-instruments are very effective in helping an individual to relax. When you listen to music, it activates the entire limbic system, which is a part of the brain that involves in our behavioral and emotional responses. Various researchers found that the pleasure centers of the brain are activated when individuals engage in music – listening, singing, playing, or even composing. Neurochemicals like the serotonin and dopamine - the feel-good pleasure chemicals are released when we listen to music that we love. A person’s mental health can change over time, depending on numerous factors and exposure to different environments. It is undeniable that mental health is important at every stage of life. Thus, it is vital to address our mental health needs because it could be a connecting factor in other areas of our health as well.

Research Writing: A Challenge among Teachers

ORDER

named the SEC recipient of the 3G Advocacy and Commitment to Corporate Governance Award in the sixth installment of the annual 3G Awards Ceremony in May 2021. Meanwhile, the 3G Transparency Award recognizes an organization

(SGD) ANA CANDIDA N. CASIÑO Judge

by: PRITCILYN N. PONCE Teacher 3-Layawan Elementary School Sindangan Central II District-Division of Zamboanga Del Norte

Teachers have struggled with research writing. The task is difficult due to the teachers' lack of time, poor knowledge and abilities in research writing, and even their attitudes toward research. Teachers, understandably, are inundated with assignments. Teachers are left with very little time for other concerns, such as research writing, due to the limited face-to-face classes, preparation of Learning Activity Sheets (LAS), facilitating the conduct of module distribution and retrieval, attendance at Learning Action Cell (LAC) sessions, and other professional development a c t i v i t i e s . Te a c h e r s

sometimes write research at home on weekends and late at night to meet their obligations, making research writing a difficult task. S om e , but n ot a l l , teachers lack adequate knowledge and skills in research writing. This could be due to a variety of circumstances. Some teachers are products of a curriculum that still does not contain research writing. Others were not given the chance to learn formally through DepEd-sponsored research seminars and trainings. Teachers would be unable to engage in research writing in these circumstances. Research attitudes are also important. Even if some

teachers have the necessary knowledge and skills to do research, there will be no research outputs if their attitudes are negative. In general, research wr it ing wi l l remain a struggle if teachers are not given adequate time to write, ample opportunities to practice their research writing skills, and sufficient motivation to create a good attitude toward research. Teachers should embrace research writing as a means of personal and professional development, as well as an opportunity to improve educational practices and contribute significantly to the provision of highquality education to Filipino learners.


7

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

MON-TUE|JUNE 6-7, 2022

DOLEkula, showcase of short films VS child labor now in 2nd season entries, including one guest entrant are (DOLE)-10 community again given the general CAGAYAN DE ORO perspective onwards facilitators continues CITY--For its second the same direction— in creating a digital year, the one-minutethe elimination of child no-dialogue DOLEkula platform significantly labor in line with the different from typical Film Festival by the implementation of film festivals. Department of Labor Child Labor Prevention Six competing and Employment and Elimination Program (CLPEP). Pelikulang DOLE or MARIA LOVELLA P. CABANDAY DOLEkula dynamically Blended learning As the need arises due to discovered new film health crisis encountered becomes the new normal writers, directors for more than two years in in education in the country. who cultivated the a row the best option for We are about to end another development of DOLE continuous education is school year hoping that in NorMin employees’ adapting blended learning. the coming school year film appreciation that Blended learning is defined limited face to face will be crafted new breeds by Department of Education allowed to all schools in as a mix of online distance the country .To teachers of visual artists who learning, modular distance the next school year will champion on diverse, learning, and TV/Radio bring forth more challenges stylistic and original Based Instruction as well because parents would have storytelling. more options now for their as face to face. DOLEkula's humble Here in Kauswagan children whether they will beginning in 2021 Central School we chose two allow them attending the started during the best blended learning that limited face to face, online Word Day Against we found very effective such learning or still adapting as online distance learning t he mo du l ar dist ance Child Labor (WDACL) or Bichronous Classes and learning. regional celebration W h at e v e r i t t a k e s modular distance learning. that amplified Each distance learning has education in the Philippines community’s support its own advantages and will continue to innovate in the need to scale up disadvantages however we a n d a d a p t t e a c h i n g its efforts to prevent made it a point to deliver strategies and learning in children from going the quality education that order to produce educated into child labor and school children needed in and well- mannered Filipino the absence of face to face citizen who will make this free those who are nation great again. classes. already engaged in by GLENFORD LABIAL

The Facet of Blended Learning

child labor. The laudable project metamorphosed to a commendable initiative in coming up with innovative means to increase partnership with different sectors and engage them in CLPEP campaign against child labor. Last year's season drew attention and awareness when entries were advocated in giant billboards, seaports, airports, public bus transports and local television networks. On June 12 during

the celebration of 2022 DOLE-10 WDACL, Regional Director Albert E. Gutib will confer 3 consolation prizes, 3 major awards, and 10 minor winners for best performer in a lead role, best cinematography, best story, best musical score, best production design, best direction, best editing, best 1-minute film, audience choice and

Bureau of Workers with Special Concerns special jury prize. All winners will take home trophies and cash prizes. This season’s jury comprises achievers in the fields of performing arts and media communications who shall extensively deliberate entries that deserve placements for excellent film making. (DOLE-10/PIA-10)

LIKE US ON FACEBOOK!

https://www.facebook.com/BusinessWeek.Mindanao


8

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

MON-TUE|JUNE 6-7, 2022

27 IDPs complete dressmaking training, receive starter kits

M

ARAWI CITY, Lanao del Sur— Some 27 displaced

EXRAJUDICIAL SETTLEMENT OF ESTATE DECLARATION OF HEIRS OF THE LATE RUTH TIANO PAÑARES, SPOUSES URIEL B. TIANO AND MILORINE V. TIANO, SPOUSES JAIME B. TIANO AND JULIANA UY TIANO, SPOUSES FE TIANO DE GUZMAN AND SILVINO S. DE GUZMAN AND SPOUSES EMELIA TIANO CANOY AND LOLITO B. CANOY KNOW ALL MEN BY THESE PRESENTS: That the late RUTH TIANO PAÑARES widow (deceased), URIEL B. TIANO, MILORINE VELEZ TIANO, JAIME B. TIANO, JULIANA UY TIANO, FE TIANO DE GUZMAN, SILVINO S. DE GUZMAN, EMELIA TIANO CANOY, LOLITO BAGARES CANOY, co-heirs/co-owner of parcels of land with Tax Declaration No. 0819000406330 situated in Cogon, Gitagum, Misamis Oriental, Island of Mindanao, containing an area of EIGHTY TWO THOUSAND NINE HUNDRED EIGHTY EIGHT (82,988) square meters, Tax Declaration No. 0819000406329 situated in Cogon, Gitagum, Misamis Oriental, Island of Mindanao, containing an area of SIXTY THREE THOUSAND ONE HUNDRED TWENTY SEVEN (63,127) square meters, Tax Declaration No. 0818000511682 situated in Lapad, Laguindingan, Misamis Oriental, Island of Mindanao, containing an area of THIRTY THOUSAND ONE HUNDRED SEVENTY FIVE (30,175) square meters, Tax Declaration No. 0818000511681 situated in Lapad, Laguindingan, Misamis Oriental, Island of Mindanao, containing an area of FIVE THOUSAND (5,000) square meters, Transfer Certificate of Title No. T-46631 situated in Lapad, Laguindingan, Misamis Oriental, Island of Mindanao, containing an area of THIRTY NINE THOUSAND SEVEN HUNDRED FIFTY NINE (39,759) square meters, more or less, Tax Declaration No. 0818000512648 situated in Lapad, Laguindingan, Misamis Oriental, Island of Mindanao, containing an area of FIFTEEN THOUSAND TWO HUNDRED THIRTY ONE (15,231) square meters, Transfer Certificate of Title No. T-74068 situated in the District of Bulua, City of Cagayan de Oro, Island of Mindanao, containing an area of 241 sq.m., Transfer Certificate of Title No. T-62119 situated in the Barrio of Bulua, City of Cagayan de Oro, Island of Mindanao, containing an area of 600 sq. m., Tax Declaration No. G-053051 situated in Biasong, macasandig, Cagayan de Oro City, Misamis Oriental, Island of Mindanao, containing an area of THREE HUNDRED (300) square meters, Transfer Certificate of Title No. T-46633 situated in Lapad (Now Cogon) Alubijid (Now Gitagum), Misamis Oriental, Island of Mindanao, containing an area of THIRTY NINE THOUSAND SEVEN HUNDRED FIFTY NINE (39,759) SQUARE METERS, more or less, Transfer Certificate of Title No. T-31786 situated in the Barrio of Lapad, Mun., of Laguindingan, Province of Mis., Or., Island of Mindanao, containing an area of TWENTY THREE THOUSAND FOUR HUNDRED FOUR (23, 404) Square Meters, and Bank Deposit of Ruth Tiano Pañares ParticularPNB-CORALES CHAVEZ, CDO, Regular Savings Account- Amount Php 270,138.54 and has been the subject of an EXRAJUDICIAL SETTLEMENT OF ESTATE DECLARATION OF HEIRS OF THE LATE RUTH TIANO PAÑARES, SPOUSES URIEL B. TIANO AND MILORINE V. TIANO, SPOUSES JAIME B. TIANO AND JULIANA UY TIANO, SPOUSES FE TIANO DE GUZMAN AND SILVINO S. DE GUZMAN AND SPOUSES EMELIA TIANO CANOY AND LOLITO B. CANOY, filed by the heirs of RUTH TIANO PAÑARES widow (deceased), URIEL B. TIANO, MILORINE VELEZ TIANO, JAIME B. TIANO, JULIANA UY TIANO, FE TIANO DE GUZMAN, SILVINO S. DE GUZMAN, EMELIA TIANO CANOY, LOLITO BAGARES CANOY, per DOC #31; PAGE #07; BOOK #XVII; Series of 2022 under the Notarial Registry of ATTY. JIM L. AMARGA. BWM: June 6, 13 & 20, 2022

women have now obtained new skills that they can use as they rebuild their lives and recover from the effects of the 2017 Marawi siege. These women completed their skills training on Dressmaking NC II under the “Driving Marawi's Rehabilitation through IDP Support, Community Development, and Peaceful Transitional EXTRA-JUDICIAL PARTITION AMONG HEIRS WITH WAIVER OF RIGHTS KNOW ALL MEN BY THESE PRESENTS: That the late ROGELIO OLMOGUIS CALUNSAG and EVAGELINE BINARAO CALUNSAG, who died on September 23, 2011 and August 5, 2021 respectively, all in Cagayan de Oro City, without a will; at the time of their death are purchasers by way of installment from the National Home Mortgage Finance Corporation of a parcel of land identified as Block 4 Lot No. 27 Villamar Subdivision, Iponan, Cagayan de Oro City containing an area of ONE HUNDRED FIVE (105) square meters, and has been the subject of an EXTRAJUDICIAL PARTITION AMONG HEIRS WITH WAIVER OF RIGHTS, filed by the heirs of ROGELIO OLMOGUIS CALUNSAG and EVAGELINE BINARAO CALUNSAG, per DOC #360; PAGE #72; BOOK #CLXXII; Series of 2022 under the Notarial Registry of EDITH ABUT DOCDOCIL. BWM: June 6, 13 & 20, 2022

EXRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE LATE FRANCISCO FLORES MARTINEZ AND TEODORA SANCHEZ MARTINEZ WITH DEED OF ABSOLUTE SALE KNOW ALL MEN BY THESE PRESENTS: That the late FRANCISCO FLORES MARTINEZ AND TEODORA SANCHEZ MARTINEZ, both of whom had died intestate in the 1940’s and to the best knowledge and information of the HEIRS hereto, at the time of death, left a certain real property with Katibayan ng Orihinal na Titulo Blg. CARP 2014000053 containing an area of THIRTY SIX THOUSAND TWO HUNDRED TWENTY THREE (36,223) square meters, more or less, situated at Barangay Babag, Butuan City, pursuant to the preceding paragraph and as the surviving heirs and by way of SALE in an irrevocable and absolute manner, the above-mentioned HEIRS thru their Attorney-in-fact desire to sell/dispose a portion of Thirty-one Thousand Three Hundred Four (31,304) square meters, more or less, of the above-described property in favor of VCDU REALTY CORPORATION, a corporation established and existing under Philippine Laws and with principal office at T. Guingona Sr., Avenue, Brgy. Dagohoy, Butuan City and is represented by VICTOR S. UY, President and is of legal age, Filipino married and with office address at T. Guingona Sr., Avenue, Brgy. Dagohoy, Butuan City for and in consideration of the sum of THREE MILLION ONE HUNDRED THIRTY THOUSAND FOUR HUNDRED PESOS (Php 3,130,400.00), Philippine Currency, and has been the subject of an EXRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE LATE FRANCISCO FLORES MARTINEZ AND TEODORA SANCHEZ MARTINEZ WITH DEED OF ABSOLUTE SALE, filed by the heirs of FRANCISCO FLORES MARTINEZ AND TEODORA SANCHEZ MARTINEZ, in favor of VCDU REALTY CORPORATION (VICTOR S. UY- President) per DOC #364; PAGE #74; BOOK #687; Series of 2022 under the Notarial Registry of ATTY. JESUS MARIA JAMES L. BRINGAS. BWM: June 6, 13 & 20, 2022

Action” project of the International Organization for Migration (IOM) and the Korea International Cooperation Agency Philippines (KOICA). The project addresses the major drivers of instability and displacement by providing livelihood assistance, establishing community-based psychosocial support mechanisms, and constructing key infrastructure. “Our project

reflects the Korean government's firm resolve to help the people of Marawi and neighboring areas recover and improve their socioeconomic situations,” said KOICA Assistant Country Director Younlee Kim. The training was held from December 21, 2021 to February 14, 2022 and provided by H. Hassan Institute of Technology, Inc. The trainees also underwent and passed

Latent Learning By MILYN N. REBUTA, Teacher I Catadman Elementary School Division of Ozamiz City

LONG before they enter a classroom, people learn to identify commonplace objects like a dog and a chair just by encountering them in everyday life with no intent to learn about what they are. A new study is one of the first to provide experimental evidence that adults learn from incidental exposures to things that they know nothing about and aren’t even trying to understand. Exposure to new objects makes humans ready to learn. We often observe new things out in the real world without a goal of learning about them. But we found that simply being exposed to them makes an impression in our mind and leads us to be ready to learn about them later.

In psychology, latent learning refers to knowledge that only becomes clear when a person has an incentive to display it. For example a child may learn how to complete a math problem in class but this learning is not immediately apparent. Only when the child is of fered s ome for m of re i n f orc e m e nt f or completing the problem does this learning reveals itself. L atent learning is the subconscious retention of information without reinforcement or motivation. In latent learning, one changes behavior only when there is sufficient motivation later t han w hen t he y subconsciously retained the information.

School ICT coordinator By JOCELYN DOCDOC-BAJA Teacher III Tambagan Elementary School Medina South District Misamis Oriental

THE school ICT coordinator maintains the effective use of E-Classroom/ICT Lab; monitors the utilization of E-classroom including other ICT devices (laptops, projectors, etc.); reports problems /concerns about ICT packages in schools to the supplier and Division Information Technology Officer ; facilitates the early submission of the different online forms and Information Systems provided by the Information Technology Unit and Information and C ommunication Te c h n o l o g y S e r v i c e such as School Internet Management DepEd Computerization Program Management & Reports Electronic School Information Management System; provide technical assistance to school head, class advisers, co-teachers, pupils/students with regards to different ICT teaching and learning, school operations and professional development.

Other ICT technical assistance assigned by the school head such as Wash In School, School Monitoring Evaluation and Assessment (SMEA) and Enterprise Human Res ource Information System (EHRIS). The Information an d C om mu n i c at i ons Te c h n o l o g y ( I C T ) Coordinator is responsible for ensuring technology enables and enhances the organisation's strategic objectives and facilitates all users achieving their operational priorities. This will include supporting and developing systems and staff, and maintaining and developing all internal, hosted and virtualised IT infrastructures alongside t h e o r g a n i s a t i o n’s outsourced IT support partners. The ICT Coordinator will be key in coordinating and providing IT support directly and through an internal network of IT champions.

the NC II assessment by the Technical Education and Skills Development Authority. Apart from the training, the trainees received start-up kits from IOM and KOICA to assist them as they begin new means of livelihood. “I congratulate our youth and women graduates for completing the technicalvocational training on dressmaking. I am confident that your training would give you more access to livelihood and employment opportunities,” Kim said during the May 30 graduation and handover ceremony. Matthew Aaron Bidder, IOM Mindanao Head of Programmes,

who was also present during the ceremony likewise congratulated the successful trainees. “This is not the end, this is really the beginning. The handover of these livelihood starter kits is the start of the next steps in your journey," he said. All the 27 trainees are thankful to the two humanitarian organizations for equipping them with new skills and providing start-up kits. "Ako ay masaya dahil may binigay na opportunity sa amin. Kung ako ay papanaw, pwede kong iwanan ito sa aking pamilya. Aalagaan namin ito at pauunlarin," said Omaimah Macapaar, one of the IDP graduates. (APB/PIA Lanao del Sur)

Bichronous Learning: An Answer for New Normal Learning By: HERMIE ISRAEL JACQUEZ

The unanticipated advent of Covid-19 has made on line or bichronous learning a common mode of instructional delivery in all levels of educational institution in the Philippines and all countries across the globe. The teacher interacts with the learners with the use of internet via Google classroom, zoom meeting google meet and other source of communication using web format. In West City Central School, all levels have bichronous learning. The teachers will then conduct classes in the Google classroom. This is quite beneficial because there is a

teacher who could discuss lessons to the learners. What hinders in this type of learning is that internet connection is not stable so it can affect the delivery of teachers. Some teachers also have difficulty at first in adjusting to this new norm of teaching for they do not have proper training for this set-up. Though the teachers who are assigned in online learning are really computer literate but a lot more of training is needed to cope with the new digital programs. We are fortunate enough because the Department have conducted trainings and seminars.

Graduate studies for teachers By ANAMARY L. DELA PIÑA Teacher III West City Central School

TEACHERS love to learn. In fact, an estimated 52 percent of the nation’s public school teachers have a master’s degree or higher. For the many who have earned their teaching master’s degree and the many more who aspire to, a passion for knowledge and the desire to be an even better teacher are among key motivators. Whether it’s a Master of Education, a Master of Arts in Teaching or one of any number of teaching master’s degree programs that focus on a specific subject area, there is a wide range of master’s degrees for teachers to choose from. If you are among the many educators who is

considering earning a graduate degree, read on to explore the best master’s degrees for teachers to get depending upon your goals, interests and more. This article will also examine some of the many benefits of earning your master’s as well as the potential advantages of enrolling in your teaching master’s program online. There is a wide range of reasons and benefits that motivate teachers to earn their master’s degree. These include the desire to become an even better teacher, making a greater impact in the lives of your students and reinvigorating your passion for your profession.


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

MON-TUE|JUNE 6-7, 2022

How to Avoid Conflict in the Workplace By: HONEYMAE L. CAÑETE School Principal II Pikalawag Integrated School

Av o i d i n g c o n f l i c t o r misunderstanding in the workplace is a must if we aim to achieve competency in our assigned task; successfully

deliver the service or services expected upon each worker or member of the organization; and contribute to establish a healthy and work-friendly

atmosphere in the office or work areas. This is an ideal mission for each worker. Yet, avoiding conflicts is not an easy problem to deal with. First and foremost, it is the group leader, supervisor

Teaching Reading & Reading Remediation By: JINA M. ORBITA, Teacher 1 Catadman Elementary School District 3, Ozamiz City Division

Learning how to read is basically a need for every learner. Reading is one of the four skills which need to be learned aside from listening, speaking and writing. Reading has the considerable role in the language teaching to strengthen the skills which are acquired by the students in listening, speaking and writing (Maxom, 2009). Reading skills of learners in a class could directly affect other learning ability thus, reading remediation takes place. Reading remediation is designed to assist learners who are challenged by the

acquisition of early reading skills. To read effectively, learners need both the ability to recognize words easily and strong language comprehension. If there is impairment in just one of these skills, reading will be impacted. Intervention and innovation efforts of the teacher inside the classroom are directed toward removing hurdles that are preventing the learners from reading. Intensive intervention like individualized tutoring is the solution. This intensive i nt e r v e nt i o n r e q u i r e s great effort for teachers

who are extending extra time in individualized tutor ing . In addit ion, t h is re me d i a l re a d i ng or reading remediation requires ample support from the administration for the needs of learning resources. Collaborative efforts of the teachers and the administrators in developing reading skills as to reading remediation of the learners in school are primarily the great source of success and development. Teaching reading and reading remediation are two equal and inseparable parts for learner’s educational process.

The Measure of True Education By JENNIFER S. EGUIA Master Teacher I City Central School

From the word of Martin Luther King, Jr., “The function of education is to teach one to think intensively and to think critically. Intelligence plus character – that is the goal of proper education. The realm of learning is a combo between one’s intellect, the ability to interpret ideas that will retain them logically; and one’s character, which is formed throughout the learning journey of a student, the developed mental and moral qualities that guide one to discern the path to what is proper. The learning path is never easy; it is a constant battle between things that we don’t know and things that we do. And as we emerge victorious in these continuous battles, the learning insights have expanded,

and learning has propagated. But, the measure of proper education does not lie on intellect alone. As social beings, humans are empowered to develop their character. A standpoint and perspective that one carries with them to guide them on the path best suited for them will impact themselves and the citizenry. Using intellect to discern what is proper is crucial to developing great citizens that will become the forerunners of change in their respective fields. And these young minds pose a significant opportunity for the present to teach the proper values and information they can use to drive their generation and future generations to joint success.

DONSALS EXPRESS IS NOW OFFICIALLY HIRING!

• 30 Bus driver • 30 Bus Steward Requirements: 1. Barangay Clearance 2. Police Clearance 3. Resume & 2x2 Picture Pls visit to Donsals Office in Laguindingan or Tagoloan, Misamis Oriental. What are you waiting for? Apply now!

or manager, or in the case of an educational institution, the school head who carries the burden of instilling efficient cooperation, group performance, and successful achievement of the task at hand. To do all these needs the following: - Sound and clear communication to the workers - Ensure that each worker understand his or her assigned work - Improve group performance via teambuilding activities - Leaders and supervisors mu s t b e f r i e n d l y a n d accommodating in giving guidance to his or her member or staff who needs help in providing correct answers to problems at hand - Establish friendly and cooperative relations between

workers themselves Sound and clear communication would mean that each instruction from the superior must be fully understood by the assigned w o r k e r. T h e l a n g u a g e communication must be in clear and simple words for the worker to easily understand and comprehend. Understanding what the worker’s assignment is, in details, means that he or she knows his responsibility, his tools or techniques in achieving performance and in efficiently reporting his accomplishments to the supervisor. Improving group performance through teambuilding activities would mean social bonding of your group and office staff to build friendliness through sports contests, cultural, and literary

9 musical programs. These activities will enhance the group’s spirit of unity and cooperation and build a teamspirit. Supervisors’ friendly and accommodating attitude to his workers and staff would mean that in times when your worker is faced with a difficult question, decision on how to accomplish and assistance on how to deliver a correct answer, you are understanding and compassionate enough to assist them. Strict stance and high-handed words with your staff should not be the solution. In establishing friendly and cooperative relations between workers, FAVORITISM, DECEIT, AC C O M M O DAT I N G BIASED REMARKS AND REPORTS must be avoided.


10

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

MON-TUE|JUNE 6-7, 2022

Stable... from page 3

DIRECTORY

commo dity prices,” the debt watcher said. Fitch has a negat ive outlook on the issuer default ratings (IDR) of BDO Unibank, Inc., Bank of the Philippine Islands (BPI), Metropolitan Bank & Trust C o. (Metrobank), L and Bank of the Philippines (LANDBANK), and Development Bank of t he Phi l ippine s ( DBP ) , mirroring its outlook on the sovereign. The report r e l e a s e d We d n e s d a y discussed prospects for these three large private banks and two state-owned lenders. F itch s ai d t he t h re e private banks have better business profile scores than the state-owned lenders as the former have a wider re a c h a n d c omp e t it i v e advantage because of their “e nt re n c h e d” d om e s t i c franchises, and this allows them to attract higherquality customers, as seen in their healthy asset quality. As for these banks’ risk profiles, the credit rater s a i d r i s k m a n a g e m e nt and credit under writing standards at BDO, BPI and Metrobank are stronger than at LANDBANK and DBP, based on credit-risk acceptance parameters and limits, asset quality through credit c ycles and credit provisioning policies. “O u r a s s e s s m e nt o f the banks’ risk prof iles considers their penchant for high credit growth. The banks’ loan books expanded by an average of 13%-20% a ye ar ove r 2 0 1 5 - 2 0 1 9 and, following two years EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH UNILATERAL DEED OF ABSOLUTE SALE KNOW ALL MEN BY THESE PRESENTS: That the late ALFREDO UPONTE who died intestate _______________ at _______________ the deceased at the time of his death left a conjugal share and registered under his name with Katibayan ng Orihinal na Titulo Blg. P-8279 situated in the Barrio of Palabucan, Municipality of Libona, Province of Bukidnon, Island of Mindanao, containing an area of FIFTEEN THOUSAND FOUR HUNDRED NINETY FOUR (15,494) SQUARE METERS, and has been the subject of an EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH UNILATERAL DEED OF ABSOLUTE SALE, filed by the heirs of ALFREDO UPONTE, per DOC #82; PAGE #17; BOOK #XLIX; Series of 2021 under the Notarial Registry of ATTY. FARRAH L. YONGCO-INIHAO. BWM: May 30, June 6 & 13, 2022

of subdued credit growth amid the difficult operating environment, we expect the private banks to again boost lending as business and consumer confidence improves. We expect loan growth to settle at 8%-10% for the private banks in 2022, before reverting to near pre-pandemic levels,” it said. Me anw h i l e, t he r isk profiles of the state-owned banks are seen to “remain weig hed down by t heir expanding pandemic-relief lending programs over the next 12-18 months, since less than 10% of approved funds were disbursed by end-2021. This is notwithstanding improving economic conditions, which should alleviate some of the debt servicing burden of weaker borrowers.” ASSET QUALITY As for ass et qua lity, Fitch said the three private b an k s’ i n d i c at or s h ave been stabilizing and this is expected to continue if the economy remains on track to recovery. “Nevertheless, it will take time for the banks’ regulatory non-performing loan ratios to return to prepandemic levels, as some hard-hit sectors continue to reel from the lingering effects of the pandemic.” Meanwhile, Fitch said the five lenders are seen to b e ne f it f rom hig her benchmark rates as the central bank has begun its tightening cycle. However, their capital levels may soften in the coming years as they continue ramping up l e nd ing and, for st ate owned banks, as they help disburse pandemic relief. Meanwhile, Philippine banks are largely depositfunded and Fitch said this is a “rating strength”. EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH DEED OF SALE KNOW ALL MEN BY THESE PRESENTS: That the late ARTEMIO SENO, who died intestate on 12-10-1998 in Tagoloan, Misamis Oriental, at the time of his death left a parcel of land with Tax Dec. No. 08-14-0006-04367 situated at Natumolan, tagoloan, Mis. Or. Containing an area of 622 sq. meters, and has been the subject of an EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH DEED OF SALE, filed by the heirs of ARTEMIO SENO, in favor of RUDY EMAN SAPICO, per DOC #452; PAGE #99; BOOK #123; Series of 2020 under the Notarial Registry of ATTY. BUENAVENTURA E. SAGRADO. BWM: May 30, June 6 & 13, 2022

Publication Notice R.A. Form No. 10.1 (LCRO) Republic of the Philippines Local Civil Registrar Office Province of Misamis Oriental Municipality of Laguindingan Date: March 7, 2022

A PUBLIC SERVICE BY:

NOTICE FOR PUBLICATION

In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of the Administration Order No. 1 Series of 2012 (IRR on R.A 10172), Notice is hereby served to the public that PHILIP ROXAS EDMILAO has filed with this Office, a petition for Correction of Entry in sex from “FEMALE” to “MALE” in the certificate of live birth of PHILIP ROXAS EDMILAO at Laguindingan Misamis Oriental and whose parents are ANDRES PACULBA EDMILAO and FRANCISCA R. ROXAS. Any person adversely affected by said petition may file his written opposition with this Office not later than March 22, 2022. BWM: May 30 & June 6, 2022

(SGD) IRIS J. RAGMAC Municipality Civil Registrar Des.

Efforts... from page 3

cyber incidents reported to the BSP target retail customers and these cyber criminals were not even “highly technical” or using advanced tools. What they do, he said, is exploit human weaknesses such as greed and naivety. Based on the BSP’s cyber threats surveillance, in 2021 the top three types of cyber incidents reported by BSFIs were: phishing; “card not present” fraud; and identity theft. The most common cyber fraud is phishing and other variants such as smishing and vishing. It leads to account takeover and social engineering attacks. These are intended to manipulate customers into disclosing sensitive personal and account i n f or m at i on n e c e s s a r y to execute unauthorized transactions. The “card not present” is a fraud not involving physical presentation of the card to the merchant and may be conducted online or over the phone. The BSP has recently amended the IT or information technolog y risk management r ules under Circular No. 1140, to strengthen the financial system’s cybersecurity posture and minimize losses from fraud and cyber-criminal activities. Since cyber attacks and fraudulent schemes affect two or more financial institutions simultaneously, the BSP via the circular wants BSFIs to implement complementary controls as well as “robust” and effective fraud management systems for both originating and receiving institutions. These efforts will serve as early warning mechanisms to reduce fraud losses. Some of the changes to the rules and why it is called “robust” fraud management is the implementation of automated and real-time fraud monitoring and detection systems to identify and block suspicious or fraudulent online transactions. The circular wants BSFIs’ fraud monitoring systems (FMS) to be commensurate EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH CONDITIONAL CONTRACT TO SELL KNOW ALL MEN BY THESE PRESENTS: That the late EVANGELINE M. AMOLATA who died intestate on December 17, 2011 at Cagayan de Oro City, died intestate without any Last Will and Testament and without any outstanding debts; during her lifetime left a parcel of land with Transfer Certificate of Title No. T-128728 situated in the Barrio of Balulang, City of Cagayan de Oro, Island of Mindanao, containing an area of THREE HUNDRED (300) Square Meters, more or less, and has been the subject of an EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH CONDITIONAL CONTRACT TO SELL, filed by the heirs of EVANGELINE M. AMOLATA, in favor of JOHN MICHAEL A. GUERZON and DIVINE GRACE L. GUERZON, per DOC #220; PAGE #44; BOOK #15;Series of 2021 under the Notarial Registry of ATTY. EFREN N. PELARADA BWM: May 23, 30 & June 6, 2022

to the risks associated with their digital financial and payment platforms. It also noted that as fraud and cyber threats continue to evolve and penetrate BSFIs’ layers of controls, the FMS should be “constantly calibrated” in order to “process surges in transactions, collectively analyze customer profiles/ behavior, and detect new fraud patterns.” Linking and integrating F M S w i t h a nt i - m o n e y laundering systems will l i k e w i s e f o r m a m o re “cohesive and comprehensive financial crime prevention system,” said the BSP. The BSP has received almost 10,000 consumer complaints in 2021 and while not all are cyber-related, it is a significant chunk or rising threats against financial consumers, both online and offline.

Awards... from page 6

inspire more meaningful changes in corporations’ governance and business practices, and unlock their potential to contribute to sustainability and development in the Philippines and in the world.” As regulator of the corporate sector and the Philippine capital markets, the SEC has consistently promoted corporate governance practices to serve as model for the sector it oversees. It has also advocated for reforms through the adoption of corporate governance codes, sustainability reporting guidelines, and similar rules. The Commission likewise adheres to global development initiatives as member of international organizations such as the International Organization of Securities Commissions, ASEAN Capital Markets Forum, the Global Financial Innovation Network, and the International Forum of Independent Audit Regulators, among others. This year, the SEC has successfully maintained the ISO 9001:2015 Certification of its quality management system covering all core services across its main and extension offices. The SEC was likewise named Circle of Excellence Awardee for the Best Sustainability Company of the Year in the Asia CEO Awards in 2021. Prior to that, the Commission received the ISAR Honours from the United Nations Conference on Trade and Development in 2019 for instituting sustainability reporting in the corporate sector. EXTRAJUDICIAL SETTLEMENT WITH DEED OF ABSOLUTE SALE KNOW ALL MEN BY THESE PRESENTS: That the late AMADO G. JOSE, who died intestate in Iponan, Cagayan de Oro City, last July 29, 1986, that during the lifetime of the deceased he is the lawful owner of parcel of land with Transfer Certificate of Title No. T-17524 situated at Barrio of Iponan, Municipality of Cagayan de Oro, Island of Mindanao, containing an area of FORTY EIGHT THOUSAND TWO HUNDRED SEVENTY EIGHT (48,278) Square meters, more or less, and has been the subject of an EXTRAJUDICIAL SETTLEMENT WITH DEED OF ABSOLUTE SALE, filed by the heirs of AMADO G. JOSE, in favor of MILLICENT COPRORATION Represented by MICHAEL JONES LIM SIA, per DOC #446; PAGE #90; BOOK #88; Series of 2019 under the Notarial Registry of ATTY. QUINTILIANITO S. BABARIN, JR. BWM: June 6, 13 & 20, 2022


11

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

MON-TUE|JUNE 6-7, 2022

Activates... from page 12

Courtesy Call at CDO Mayor’s Office Upon their arrival, Asec Vingson and his associates together with the OSS Team for Cagayan de Oro made a courtesy call at the City Mayor’s Office. The meeting stressed the importance of vaccination and the current COVID situation of the city since these constitutes major aspects in the establishment of the OSS Crew Change Hub. Mayor Oscar S. Moreno expressed his gratitude to the OSS Team for their hard work and diligence in the preparation for the activation of the Crew Change Hub and looks forward to the upcoming conduct of international crew changes in the city. Prepping for the OSS To p r e p a r e f o r t h e activation of the OSS, PPA Port Management Office Misamis Oriental Cagayan de Oro (PMO MO/C) organized a series of meetings with the partner agencies to formulate the Crew Change Hub Protocols which consist of quarantine, transportation, and security procedures. EXTRAJUDICIAL SETTLEMENT KNOW ALL MEN BY THESE PRESENTS: That the late VIOLETO YAÑEZ who died on __________ in Cagayan De Oro City and SARAH T. YAÑEZ, who died on _________in Cagayan de Oro City, that the deceased left among others a aliquot Portion of Parcel of land, containing an area of 2.1110 hectares, situated in Barangay Igpit, Municipality of Opol, Province of Misamis Oriental, Original Certificate of Title No. E-2867, situated in the Barangay of Igpit Municipality of Opol, Province of Misamis Oriental, containing an area of FORTY TWO THOUSAND TWO HUNDRED TWENTY ONE (42,221) square meters, more or less, and has been the subject of an EXTRAJUDICIAL SETTLEMENT, filed by the heirs of SARAH T. YAÑEZ, per DOC #203; PAGE 41; BOOK #87; Series of 2019 under the Notarial Registry of ATTY. QUINTILIANITO S. BABARIN, JR. BWM: June 6, 13 & 20, 2022

DEED OF EXTRAJUDICIAL ADJUDICATION WITH UNDERTAKING ON WAIVER OF BENEFITS KNOW ALL MEN BY THESE PRESENTS: That the late VINCENT KEN S. ZAPANTA who died intestate on August 22, 2021, the said decedent left benefits from Sun Life Grepa Financials, Inc., at the of his/her death, he/she left as his/her with SUN LIFE GREPA free and harmless from any future claim that may be filed in connection with said insurance proceeds under Policy # __________________, I/ We hereby warrants to reimburse SUN LIFE GREPA the full amount of Php__________ and to the full extent of claim that may be filed against Sun Life Grepa and I/We hereby admits and assumes liability therefore including damages, attorney’s fees and costs of suit that Sun Life Grepa may be held liable in case of Litigation and further binds itself to indemnify against all claims, losses, damages and expenses and to save it harmless against all actions or proceedings which may be brought against Sun Life Grepa as a result of or arising from its payment of the herein insurance claim benefit and has been the subject of an DEED OF EXTRAJUDICIAL ADJUDICATION WITH UNDERTAKING ON WAIVER OF BENEFITS, filed by the heirs of VINCENT KEN S. ZAPANTA, per DOC #176; PAGE #36; BOOK #171; Series of 2022 under the Notarial Registry of ATTY. EDITH ABUT DOCDOCIL. BWM: June 6, 13 & 20, 2022

A city resolution was also issued by the City Council of Cagayan de Oro City expressing conformity to the establishment of the OSS Crew Change Hub. Among the participating agencies were the LGU of Cagayan de Oro, Office of Civil Defense – Region X (OCD10), Bureau of Quarantine (BOQ), Bureau of Customs (BOC), Bureau of Immigration (BI), Department of Tourism (DOT), Overseas Workers Welfare Administration (OWWA), Philippine Coast Guard District Northern Mindanao (CGDNM), Maritime Industry Authority ( M A R I NA ) , Nat i on a l Economic Development Aut h or it y – R e g i on X ( N E DA- X ) , P h i l i p p i n e National Police Maritime Police (RMU10), Cagayan de Oro City Police Office (CO CPO), Northern Mindanao Medical Center (NMMC), and the Department of Health – Northern Mindanao (DOH).

Society... from page 4

shifting towards spirituality as manifested by the biblical line, “serve the least of your brethren and you serve the Lord.” That is also clearly announced in the Holy Scripture and manifested i n t h e s ong , to qu ote : “… walang sinuman ang nabubuhay para sa sarili lamang, walang sinuman ang namamatay, para sa sarili lamang. Tayong lahat ay ginawa ng Panginoon, para sa isa’t isa.” The shift now is from s elf-ag g randizement to collective power. That t a l ent g iven to you by God should not be used for self-aggrandizement but to serve one another to propel humanity to greater heights for God’s greater glory.

Vetoes... from page 1

open-pit mining has been considered as the only remaining hurdle to the operationalization of the Tampakan project. SMI had declared openpit mining as the most viable method in extracting the area’s copper-gold resources, touted as the largest in Southeast Asia and among the biggest of its kind in the world. The governor earlier said the project can proceed with or without him vetoing the lifting of the open-pit mining ban.

Ta m a y o s a i d s u c h proh i bit i on s e t i n t h e Environment Code cannot cover large-scale mining as it is regulated by the national government as provided for in Republic Act 7942 or the Philippine Mining Act. He added that the national government already allows open-pit mining projects to operate in any part of the country based on an administrative order issued l a s t D e c e m b e r by t h e Department of Environment and Natural Resources.

Wage... from page 1

In a press conference on the new minimum rates in region 10 on Thursday afternoon, June 2, Albert Gutib, DOLE-10 director and RTWPD-10 chairperson, said that the department has a visitorial power over the employers who will not pay attention to the implementation. “We conduct regular inspections. If there are concerns, we advise the [employees] to communicate with their employers. If they [employers] still do not give any attention, then that’s the time they can visit DOLE so that we can advise for a single entry approach,” explained Gutib. The RTWPB in Northern Mindanao issued Wage Order No. RX-21 granted a P25 pay hike which will take effect on June 18 for the first tranche and another P15-P22 increase for the second tranche that will take effect on December 16 this year. Gutib also clarified the minimum wage increase would also apply on employees who are just temporarily assigned in the region. “On concern of assignment from the main office in the other regions, if temporarily transferred or assigned, will follow the originating region’s wage order. If assigned here, follow region 10’s wage order,” he said. As to the exemption, the DOLE director also clarified that only establishments with less than 10 workers and affected by the calamities or human-induced disasters, including Covid-19 pandemic can file for the exemption. He said the deadline of the application for exemption is on August 16, 2022. After implementation of the wage tranches, the new minimum wage rates in the cities of Cagayan de Oro, Iligan, Malaybalay, Va l e n c i a , G i n g o o g , E l

Kagay-an Festival 1st Oro Lechoneros Encuentro Champion

for Orders, Contact Yoyong:

09354145759 09169249371

Salvador, and Ozamiz and the municipalities of Tagoloan, Villanueva, Jasaan, Opol, Maramag, Quezon, Manolo Fortich, and Lugait are P405 for the non-agriculture sector and P393 for the agriculture sector. Meanwhile, the new minimum wage rate in the cities of Oroquieta and Tangub and the municipalities of Laguindingan, Mambajao, Balingasag, and all other areas, including retail and s e r v i c e e s t ab l i s h m e nt s employing not more than ten workers, are P390 for the non-agriculture sector and P378 for the agriculture sector. The Board also issued RBX-DW-03 granting a monthly wage increase of P500 for domestic workers bringing the new monthly minimum wage rate in the region to P4,500 for cities and first-class municipalities and P3,500 for other municipalities. (PNA)

Hike... from page 1

announced on Friday that the minimum wage increase will be implemented in two tranches for workers in sectors or industries employed in industrial/ commercial and retail/service with more than 10 workers and agriculture and three tranches for workers in retail/ service employing not more than 10 workers. A P31 wage increase is given to all sectors upon effectivity of the Wage Order on June 18, P16 effective January 1, 2023, and additional P15 effective April 1, 2023, the agency said. The region’s current minimum wage ranging from P381 and 396 will be increased to between P438 and P443 upon full implementation next year. But Casilao added that the minimum wage should be at least closer to P1,180, which is the daily cost of living. “Precisely, we proposed the amount of P750 as closest to the daily cost of living. Any amount lower to that is far from enough. With the weekly increases of petroleum products, prices of basic commodities – food and non-food items — will surely increase,” he said. KMU Southern Mindanao Region secretary general

PJ Dizon said that the group pushed for a P750 hike in national minimum wage to cushion the impact of increasing prices of commodities brought about by the movement in global market price for oil. He lamented that the increase will not be enough to support the expenses of t he m i n i mu m w age earners, especially now there is a proposal to increase contributions to Philippine Health Insurance Corporation (PHIC). “The increase is already small and yet its implementation is done in tranches, which is an insult to our workers,” he said. He added that the last wage hike in the region was enforced in 2019. “We asked for P750 national minimum wage because the family living wage for a family of five averages P1,080 in the country. This can ease the adverse impact of increasing prices of basic commodities on our workers,” he said.

Charges... from page 3

credit card industry,” Mr. Diokno added. The ceilings on credit card transactions will remain in effect unless modified by the BSP. “The BSP, however, will closely monitor evolving d ome st i c and e x te r n a l de velopments that will impact the state of credit card financing, sustainability of credit card operations and viability of banks/credit card issuers,” the central bank said. The BSP said recent data showed demand for credit cards weakened in the second half of 2021 as clients shifted to alternative digital products. Still, issued and outstanding credit cards went up by 0.3% to 10.3 million, while monthly card billings rose by 33.9% year on year to P100.6 billion as of end-

December 2021. Credit card receivables grew by 4.9% year on year as of December 2021 amid easing of mobility restrictions and continued business activities. Lenders were also able to keep the asset quality of their credit card portfolios healthy. The credit card industry’s non-performing loan (NPL) ratio was at 6.8% as of December 2021, lower than the 8.9% registered a year prior, with the NPL coverage ratio at 109.5%. “Moving for ward, the credit card industry intends to further reduce operating costs through digital transformation and process improvements as well as maintain prudent lending standards,” the central bank said.

Campuses... from page 2

already have a problem in addiction,” she added. On the other hand, Dentist III Dr. Rey Ignacio Cagang, the focal person of DepEd’s National Drug Education Program, did not neglect the fact that there were students who had been caught smoking or under the influence of liquor within the school premises. However, he assured that the DepEd will always apply the standard operating procedures for such cases. “Once we catch a certain student, we have standard operating procedure with that. We refer them to the guidance counselor, inform the school head and the guidance counselor will call up the parents to inform the behavior of their child,” Cagang said. Cagang also stressed the importance of parents’ participation to avoid children from getting hooked on different types of addiction. In the month of June, the country is observing the National No-Smoking Month.


BusinessWeek MINDANAO CREDIBLE

RELIABLE

www.businessweekmindanao.com

FEATURE

IN-DEPTH

Mon-Tue|June 6-7, 2022

12

Port of Cagayan de Oro:

DOTr Maritime activates One-Stop-Shop Crew Change Hub by BO C. ACEDERA

T

HE Department of Transportation – Maritime Sector has activated the 12th One-Stop-Shop (OSS) for

Seafarers - Crew Change Hub in the Philippines at the Port of Cagayan de Oro. DOTr Assistant Secretary for Maritime, Vice Admiral Narciso

A. Vingson, Jr. and his associates joined the OSS Team for Cagayan de Oro led by Port Manager Isidro V. Butaslac, Jr. during the walkthrough and activation of the facility

DOTr Asec Narciso Vingson, Jr. leads ceremonial ribbon cutting for the OSS Crew Change Hub for Seafarers in Cagayan de Oro. (L-R) Richie James G. Uy (OWWA), Dr. Jan Sherwin Samong (CHO CDO), Dr. David Mendoza (DOH), Atty. Eusebia A. CadlumBoco (MARINA), Dr. Logencito P. Oran (BOQ), DOTr Asec VAdm. Narciso Vingson, Jr., Dir. Antonio B. Sugarol (OCD10), Engr. Rosalyn R. Yparraguirre (NEDA-X), Engr. Isidro V. Butaslac, Jr. (PPA), Lt. Arkhan L. Macaambang (BOC), Dir. Harry B. Borres (OWWA). photo by pmo mo / c secretariat / oss crew change hub for cagayan de oro

last 30 May 2022. OSS Crew Change Hub Amid the COVID-19 pandemic, approximately 80,000 Filipino seafarers were stranded at sea. Most of them were on board vessels with expired contracts and experienced mental and physical illnesses. As a response to their predicament and as a commitment to the International Maritime Organization (IMO), the Department of Transportation – Maritime Sector initiated the establishment of One Stop Shop Crew Change Hubs all over the country. Asec Vingson informed DOTr Secretary Arthur P. Tugade of the activation of the One-Stop Shop (OSS) for Seafarers in Port of Cagayan de Oro on 31 May 2022, in accordance with Joint Circular No. 1 series of 2020, IATF Resolution No. 53, and NTF Order

DOTr Asec Narciso Vingson, Jr. and PPA Port Manager Isidro V. Butaslac, Jr. pays courtesy call to CDO Mayor Oscar Moreno with the OSS Team for CDO. photo by pmo mo / c secretariat / oss crew change hub for cagayan de oro

No. 2020-03. Crew Change Hubs aim to provide easy, safe, and uniform conduct of arrivals to the country’s gateways and facilitate the disembarking and embarking of Filipino seafarers. Upon their arrival, the disembarking seafarers (referred to as off signers) will undergo public health protocols and afterwards would be transported to a designated quarantine

facility while they await the results of their COVID tests. Quarantine monitoring and protocols are facilitated by the BOQ, BI, and OWWA, while security and transportation will be provided by the CGDNM (from vessel to port area), RMU-10 (from port to quarantine facility), and COCPO (quarantine facility). ACTIVATES/PAGE 11


Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.