BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 106
Market Indicators As of 6:30 pm march 1, 2016 (tuesday)
FOREX
PHISIX
US$1 = P47.35
6,729.53
19
X X Briefly
cents
58.49 points
Agusans infras THE government recently turned over P44 million worth of infrastructure and irrigation projects to two provinces in the Caraga Region. In a statement over the weekend by the Department of Agriculture, an P11-million farm-to-market road project has prompted the recent construction of a 200-meter footbridge in Sibagat, Agusan del Sur. Meanwhile, in a separate statement released by the Department of Agrarian Reform last week, communal irrigation systems (CIS) worth P33 million were distributed to a farmers’ association in barangay Baleguian in Jabonga, Agusan del Norte.
2014 ppi’S Best in ENVIRONMENTAL Reporting Tue-Wed | March 1-2, 2016
By MIKE BAÑOS, Editor-at-Large
A
JOINT project of the Department of Energy and Department of Trade and Industry continues to pursue the country’s energy security and environmental sustainability as outlined in the plans and priorities of the Philippine Development Plan 2011-2016.
Started in 201l, the Philippine Industrial Energy Efficiency Project (PIEEP) is promoting industrial energy efficiency through the adoption of an Energy Management System (EnMS / ISO50001) and Systems Optimization energy/PAGE 7
Participants to the Energy Management System Industrial Users Training at Mallberry Hotel in Cagayan de Oro City. (AMI photo)
Corn harvest ILIGAN City -- The Department of Labor and EmploymentRegion 10 (DOLE-10) - Lanao del Norte (LDN) Provincial Field Office (PFO), together with beneficiaries of the Association of Small Farmers Sendong Survivors (ASFSS) took their first corn harvest on 7 January 2016 in Bayug Island, Iligan city. This was their first and partial harvest or half of the three hectares area in which they have sold to the local market in the city. The harvested corns were sold for about PhP 32,000.00. The second harvest was on the second week of February 2016. Nineteen beneficiaries were organized after the devastating Typhoon Sendong struck Iligan City and nearby provinces last December 2011. Bayug Island was one of the most devastated area in which a lot of casualties were reported and the said 19 beneficiaries were among of the survivors from this island.
P15.00
Energy program targets security, sustainability www.businessweekmindanao.com
HITECH MONITORING. Agriculture field researchers conduct monitoring and digital mapping in Barangay Malatimon, Ampatuan, Maguindanao, which is badly hit by the dry spell and rat infestation. mindanews photo by ferdinandh cabrera
Registration of associations in relocation sites pushed By MARK FRANCISCO, Staff Writer
O N LY t w o o u t o f 2 5 homeowners associations in the city’s relocation sites here have been registered with the Housing and Land Use Regulatory Board (HLURB), a project officer said Monday. Jason Jay Dalma, project
officer of Xavier Ecoville, said that the homeowners associations have to be registered with the HLURB so they can have their own respective juridical personalities. relocation/PAGE 6
NGCP gets ERC’s approval to study Vis-Min power link-up THE Energy Regulator y Commission (ERC) approved provisionally the application of power-grid operator National Grid Corp. of the Philippines (NGCP) to conduct a study for the potential route of the grid interconnection between Visayas and Mindanao.
According to the order dated Jan. 21, NGCP is also directed to submit the actual cost for the first feasibility study. The grid operator revealed in its petition that its studies shown the western route for the connection of the Visayas and Mindanao
g r ids – t hroug h C ebuNegros and Z amboanga Del Norte – was the most viable prospect. The study will cost Php 152.46 million, including the hydrographic survey which is targeted to be completed by June 2016. ngcp/PAGE 7
Trade between Philippines and Malaysia at $5B in 2015 By ANTONIO L. COLINA IV, MindaNews
DAVAO City -- Trade between the Philippines and Malaysia last year reached $5B in 2015, records of the the Malaysian Trade (MATRADE) in Manila showed. Speaking in Wednesday’s Habi at Kap e at the Abreeza Mall, Nyaee Ayup,
M AT R A DE - Man i l a commissioner said exports f r o m Ma l ay s i a t o t h e Philippines remained higher at $3.4 billion, or 68 percent, while the imports were valued at $1.6 billion. This was slightly lower compared to 2014’s 5.3 billion
worth of traded goods, of which $3.7 billion were exports and $1.6 billion were imports. She added that most of the traded goods are electronic products, construction and building materials, palm oil, mechanical equipment, appliance, metal, processed trade/PAGE 7
For POLITICAL Advertisements and Publicity in these newspapers
Contact: The Publisher 0917-7121424, 0947-8935776 or to our authorized agents
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776
BusinessWeek MINDANAO
2
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
tue-wed|march 1-2, 2016
Economy
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
17 schools in Normin file application for tuition hike S EVENTEEN schools in Northern Mindanao have applied for a fee hike and other school fees for the next school year, an education official said Monday. John A. Banaynal, an education specialist of the re g i o n a l C om m i s s i on s on Higher Education Department (CHED), said that the CHED is still processing the applications and the proposed amount of percentile increase. “By March, these schools
will submit the reports of t he i r c onsu lt at i ons , which would also indicate the approved percentage increase that would be subjected to evaluation by the CHED,” Banaynal said. He said that the CHED would base its approval of tuition hike after considering some factors like the regional inflation rate, financial status of the educational institution and the financial capacity of the “market,” which are the students and parents.
The Kabataan Partylist, h o w e v e r, w o u l d s t a g e a nationwide protest on March 11 to call for a “tuition moratorium” and demand to an end to the state’s education “deregulation” policy. Kristine Cabardo, of the League of Filipino Students (LFS) in Northern Mindanao, said that the students would pressure the government to scrap the Education Act of 1982 that deregulated the operations of the educational institutions in the country.
Cabardo cited the students’ opposition of the 5 percent tuition increase in Xavier University, the
collection of ‘development fee’ in Central Mindanao University, the increase of tuition down payment in
Bukidnon State University, and the internet and other fees in MSU-IIT in Iligan City. (PNA)
Lanzones farmers warned of pest infestation MAMBAJAO, Camiguin -The Mambajao Municipal Agriculture’s Office (MAO) warns farmers here of lanzones pest infestation and urged them to report cases, especially those related with scale insects. The scale insect infestation in lanzones trees has been noted
Department of Social Welfare and Development (DSWD) Region 10 Director Nestor B. Ramos facilitated a workshop for the Municipal Coordinating Teams (MATs) during the DSWD CDD Learning Workshop for MATs: Assessment and Sharing of Best Practices at the Pearlmont Inn, February 18, 2016. Here, Ramos discussed efforts of the Community-Driven-Development (CDD), through the Kapit Bisig Laban sa Kahirapan Comprehensive and Integrated Delivery of Social Services - National Community Driven Development (Kalahi CIDSS-NCDDP), and emphasized the need to assess certain scenarios so as to create measures to ensure the delivery of social services to the communities as the country faces a change in leadership after the national elections. photo by shaun alejandrae yap uy , dswd
by farm owners starting in the late part of year 2014, first spotted in Sitio Ire, Balbagon Mambajao. “Akong namatikdan nga nga puti-puti ang dahon sa akong lanzones hangtod kini ni daghan og nanga loyloy ug nag anam ka dagdag,” (I observed some white spots on the leaves until it covered everything causing the leaves to eventually die and fall off) farmer Lito Gamale recalled. MAO describes these as small invasive pests with protective shield like scales, attach itself to a single plant, sometimes in large numbers that it becomes alarming. T he R e g i on a l C rop Protection Center (RCPC) also noted that this pest is difficult to control, eventually rendering the fruit with a sour taste and low yield. Weekly spraying, they say, will not also
give positive results as scale insects have a waxy defense mechanism which covers their body during molting of the nymphal stage. Given this, the municipal LGU initiated effective technical measures available in managing reported infected farms, conducted information and education campaigns in all barangays and introduced organic ameliorants to revive heavily infected lanzones trees. As part of its intervention, the MLGU gives away free organic and inorganic fertilizers for the growers as air for the recovery of the lanzones trees. Provincial Agriculture Officer Rene G. Torion, however, noted that there was no major impact of the presence of the pest in the province and that the lanzones harvest remains abundant last year. (JCV/PIA)
BROADCASTING DAILY AT 1368 ON AM BAND AND ON PARASAT CABLE TV AT CHANNEL 5
CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
CorporateWorld
BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
3
2014 ppi’S Best in ENVIRONMENTAL Reporting
tue-wed|march 1-2, 2016
rolls out PHL’s widest Vista Land expansion shows Smart data roaming network no signs of slowing down VISTA LAND & Lifescapes, I n c . ( Vi s t a L a n d ) i s increasing its footprint to ove r 1 0 0 c it i e s and municipalities this year, a lt houg h t he count r y’s l arge st homebu i l d e r is keeping a close eye on the
troubles in the Middle East that may possibly affect sales to overseas Filipinos. Vista Land President and Chief Executive Officer Manuel Paolo A. Villar said in an interview last week the developer is “doing
My First Student in Open High School Program By MARIE JADE ALONSABE–CACAYAN Ph.D Teacher lll Misamis Oriental General Comprehensive High School
My first OHSP student in MOGCHS is willing to pursue education despite her problems. She is left alone by her parents in C a g ay a n d e O ro a n d manages their house, she accepts few boarders just to have something to pay for the bills. One day, she called me up and asked my financial help, I let her borrow money so that she can still continue her study. Her mother returned to Cagayan de Oro with another man and this man attempted to peak on her while she was taking a bath or while she is sleeping but her mother does not believe her. Her mother pushed her to work as a cashier or a helper in establishments or houses despite her being
a minor. She attempted to fake her birthdate in her NSO to work. Even though her father is supporting them from abroad, her mother spends it to other matters. I changed the time and the schedule of our session because she had to work from morning until afternoon. Despite her mother trying to convince her to stop schooling, she believes that this program would provide her with the opportunities to learn. Everything is provided to her from the handouts to the materials that she will be using. Sometimes I gave her free snacks because I know that she barely has to eat three times a day. I strongly believe that OHSP is meant for her.
Why HE subject should be retained? By Alvey L. Apao School Paper Adviser San Vicente Annex Elementary School Sinacaban District Misamis Occidental Division
In a modern age like this, Information Era is existing. It means that people give more imp or t ance and more u s e on mo d e r n things cause by science and technology, such as computers, cellphones and other gadgets. This could be the reason behind the reformation of subjects among some schools. This reformation include the plan of erasing of Home Economics in class subjects. Now, why should it be retained? In an article published on The B oston Globe, between stocking a pantr y, furnishing and m a i nt a i n i n g a h om e , caring for children and managing a budget to take care of it all, there are a lot of issues a person has to juggle in order to make a home function smoothly and Home Economics teaches a lot of it. Home Economics also deals with the economics and management of the home and community. It a l s o d i s c u s s e s o n i mp or t ant topi c s one
shou l d k now su ch a s c o n s u m e r e d u c at i o n , institutional management, interior design. It also teaches on proper home management in terms of home furnishing, handicrafts, sewing, clot hing and text i les, commercial cooking, cooking, nutrition, food preser vation, hygiene, child development, managing money, and even family relationships. Fa c t b e tol d, su ch lessons engages students on theories that helps run a family environment in a proper way and make the world a better place for generations to come. In this time that a lot kind of technologies leave various families to adjust a practical kind of family environment, it is important to still know the basics and as well, the sciences behind Home Economics. It is because it does not just teach on how to run a family but it also give tips on health and proper living that each individual should know.
more launches” as part of its growth strategy despite the challenges in the real estate industry. “In bad times and good times, we will be expanding in the provinces. Definitely we’re not going to stop expanding in the provinces this year. We are going to be, from where we are right now, to about 100 cities and municipalities by the end of the year,” Mr. Villar said. Vista Land, owned by billionaire Manuel B. Villar, Jr. said in a regulator y filing in September it has established presence in 92 cities and municipalities across 35 provinces. Mr. Villar cited the slight oversupply in the vertical segment of the market and the repatriation of overseas Filipino workers from the Middle East as the major concerns in the industry. “History points to it not being bad as some people anticipated but you never can tell so its something we should be looking out for,” Mr. Villar said. Vista Land gets bulk or 55%-60% of its sales from overseas Filipinos. There have been worries the escalating tensions in the Middle East would adversely
impact Filipino workers and cause a corresponding drop in remittances. Money sent home by overseas Filipino workers (OFWs) reached $25.767 billion for the entire 2015, ref lecting an increment that breached a downwardrevised 4% full-year target and 4.6% more than 2014’s $24.628 billion. A sizeable chunk of remittances came from OFWs based in the United States, Saudi Arabia and the United Arab Emirates. Should the situation in the Middle East worsen, Mr. Villar said the strengthening US economy may offset its impact on the residential industry. Vista Land expects its earnings this year to get a boost from the consolidation of Starmalls, Inc. to its books after completing the acquisition of 88.25% of the mall and office developer. “By the end of 2016, we’re expecting Starmalls to have a very rapid growth. We will have a growth surge in 2016. There will be a significant impact from Starmalls,” Mr. Villar said. The merger of Vista Land and Starmalls will accelerate vista/PAGE 6
SMART Communications recently rolled out the country’s widest data roaming network, offering a flat-rate data roaming offer that covers at least 120 countries. T he tel c o’s of f i c i a ls credited strong partnerships with the top mobile operators in over 120 countries for making this service possible. And, added Alejandro O. Caeg, Senior Vice President and head of International and Carrier Business at Philippine Long Distance Telephone Co. and Smart, “we will continue to expand this data roaming network to serve the communication needs of the growing number of Filipino travelers.” According to Cristina Z. Mariano, head of Global Access and International Services at Smart, the PLDT Group’s subscribers have increased their reliance on mobile data when they are at home, for that always-on, instant-sharing experience; more so when they are traveling. The PLDT group has a mobile subscriber base of 67 million. Mobile data use soars Meanwhile, mobile data usage on PLDT’s wireless segment keeps soaring - rising by 139 percent for the first nine months of 2015, and allowing wireless broadband and mobile Internet to post
record highs in revenue growth in the third quarter of 2015. E r ne sto R . A lb e r to, executive vice president and head of Enterprise, International, and Carrier Business at PLDT and Smart said the telco is acutely aware that “the increasing availability of affordable airfare and accommodations cont i nue s to st i mu l ate overseas tourism among Filipinos.” Smart’s mobile data service “in the country’s largest data roaming network is designed to help encourage this by making their travels more pleasant, and eventually, empower Filipinos to travel and learn more by seeing more of the world,” he added. The latest World Tourism Barometer released last month by the United Nations World Travel Organization showed 2015 international tourist arrivals worldwide rose by 4.4 percent over the previous year, reaching a record almost 1.2 billion. The UNWTO further expects this to grow by 4% worldwide in 2016. Filipinos were also previously identified by the report as among the fastestgrowing travel spenders among emerging markets in 2013. Available at the flat rate smart/PAGE 6
DLSU, Steag ink partnership on R&D Man i l a - D e L a S a l l e University (DLSU) and energ y-f irm STEAG State Power Inc. (SPI) are collaborating on Research and Development (R&D) aimed at scaling-up the use of power generation by-pro duc ts and of fer alternatives to the growing challenges in the country’s construction industry. The R&D partnership will explore, among others, appropriate applications of coal combustion byproducts to further optimize the environmental, economic and social benefits
apart from its current use in the cement industry. “It is our desire to look further into the other product applications apart from existing current use in the cement industry in order to bring further more social, environmental and economic benefits to our local communities” says SPI President and CEO Dr. Bodo Goerlich. At present, the coalcombustion by product of SPI’s 210 MW (net) coal-fired power plant in Villanueva, Misamis Oriental is mostly used
up as raw material in the cement industry. Aside from that, SPI’s host municipality is als o using t hem as replacement material in pro du c i ng br i ck s and hollow-blocks through the LGU-initiated Villanueva Fire Bricks Making Project. “I b el i e ve t hat t he reuse of this by-product has significantly reduced energy costs associated with mining virgin materials from the earth and thereby cut back on greenhouse gas emissions” Dr. Goerlich explained. “Using this by product
to replace conventional materials not only conserves natural resources, but also improves the strength, durability and quality of construction materials” Dr. Goerlich added. For his part, DLSU President Br. Raymundo B. Suplido cited the R&D partnership as a significant milestone in the university’s thrust of helping find opportunities to develop innovative solutions for technological and industrial challenges in support of the country’s development goals.
INDUSTRY-ACADEME PARTNERSHIP: Power producer STEAG State Power Inc. (SPI) and De La Salle University enters into a Research and Development (R&D) Collaboration. An industry study will be conducted to look further into alternative beneficial applications of power-generation by-products. SPI President and CEO Dr. Bodo Goerlich (seated 2nd from left) and DLSU President Br. Raymundo B. Suplido, FSC (seated 3rd from left) led the MOA signing held recently at the DLSU campus in Manila.
BusinessWeek MINDANAO
4
Opinion
2013 ppi’S Best in Business and Economic Reporting 2014 ppi’S Best in ENVIRONMENTAL Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
tue-wed|march 1-2, 2016
BusinessWeek MINDANAO
YOUR LOCAL ONLINE BUSINESS PAPER
www.businessweekmindanao.com
Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO
ALLAN mario MEDIANTE
Vice President for CorporateAffairs
Joe felicilda
Vice President for Administration
joe palabao
Vice President for Marketing
NELSON CONSTANTINO Editor-in-Chief
Cheng ordoñez
gilbert y. chao
Executive Editor
Motoring Editor
BONG FABE
CLIFFORD SANTILLAN
JUN AYENSA
mel-rose codilla
Associate Editor
Layout Artist Advertising
Regional Editor Caraga
ATTY. MARIO T. JUNI
Cris diaz mike baños Uriel quilinguing Contributing Editors
Cell No: 09352379999
Juni Law Office Cruz Taal St., CDO Legal Counsel
MARKETING staff manila office: Unit 310 Valero Plaza, Valero Street, Salcedo Village, Makati City; lani vallido-Marketing Manager ARJAY FELICILDA Marketing Staff - CDO
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. 463826-272-000 – VAT. Reg., and with Business Permit No. 201512879. Tel. Nos.: (088)8578447, 74-5380, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com
Member: Philippine Press Institute Oro Chamber
Good Grief Think a minute…You may have heard the expression, “Good Grief.” It actually seems a bit strange, doesn’t it? Grief usually comes with death and terrible sadness, especially when death takes away the people we love the most. But the thing that probably makes death and grief the worst is regrets. Regrets that you didn’t say the things you should have to the people you love. Regrets that you didn’t ask their forgiveness and make things right with them. And now, you can never tell them how much you love them because they’re gone forever. Maybe you regret you didn’t spend more time with your children, your wife or husband, or your parents. Once your loved one dies they’re gone, and so is your chance to make things right with them. Our regrets sometimes follow and haunt us for the rest of our lives. But did you know there is such a thing as good grief? We cannot prevent our family members from dying, but we can prevent ourselves from living with painful regrets after they’re gone. We can keep ourselves from experiencing terrible guilt, if we will simply choose today to start loving them like we know we should. We can begin right now to change. We can choose to forgive those who’ve hurt us, or ask them to forgive us for
THINK
A Minute
Jhan Tiafau Hurst hurting and wronging them. We can start changing to become the husband or wife we know we should be, as well as the father or mother our children need us to be. You and I can have peace of mind, not only that we’re ready to say goodbye to our loved ones who die, but we ourselves are also ready to face our Maker when we die. If we simply start to live Jesus’ way every day, we can enjoy God’s kind of real, lasting peace. If you want to be free from painful regrets and guilt, both now and after you die, just ask Jesus. He’s the Lord of life and death Who will forgive you and take full charge of our life. Jesus is the only One Who can help you change so you can experience good grief on the day you say goodbye to those you love. Just Think a Minute…
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
Shaking my head Yes, sometimes there is no sense in crying or wondering, but we feel somehow paralyzed. A good of mine told me that a couple of days ago. Words cannot describe it and words fail me, but I wouldn’t be a writer, if I couldn’t express the right words at the right moment. After the long talk with some of my friend and colleagues, I must confess that shaking my head is the final answer. Look at this: follow ups seem to become the new national character. Indifferent people in our surroundings let us feel like that every day. Indifference seems to become one of the varagies in today’s new society. No Internet connection for almost 14 days. Then, at long last, a PLDT-technician showed up in my office. Rotating brown outs (meanwhile more than 3 hours daily!), endless water interruptions, no Cable-TV ... We t r y t o g e t a n
appointment, but the other side seems to be very busy - every day of the week! Of course, we don’t want to encroach in other people’s time. Let’s try again tomorrow! How do you feel, if you observe certain employees and enterprises, who should be in service of the people, instead of reading a magazine, doing private telephone calls, doing (important!) text messages and getting downright cheeky, if we started uncounted follow ups. Than, suddenly, we have to learn, that “the boss is out of town” or so... . GRABE! Yes, I might fall out of favor with some readers with today’s column, but guys, what’s the difference between being busy, making a good deal money out of something and just being indifferent or “not in the mood” to entertain people. I can tell you frankly: Many people feel paralyzed and experience a terrible loss of power of movement or sensation while dealing with
uselessness, if indifference, arrogance and ignorance determine the different situations in our daily life. If the promise has been given to help or support someone, it shouldn’t be broken by endless excuses and terrible stalling tactics. A “YES” is a “YES” and a “NO” should be a “NO” and not “MAYBE”, if a promise can’t be held understandable and comprehensive. I don’t like to let somebody wait for an answer or during an appointment. I try to look after it or take care of it. If I have been informed that somebody tried to contact me, but missed me, I really do everything to find him or her. What’s bad about it? Sorry, I really don’t like being late or “remain silent”... . How many good ideas and highly appreciated business deals had gone with the wind because of uncomprehending, unsympathetic and unappreciated every day deals between fellow creatures? Can you get the hang of it?
H ave M y Say
Klaus Doring
Yes, sometimes I also feel uncomfortable while obser ving lost chances. Remember; we don’t get anything for nothing in the whole word - sure! But first, we should learn how to keep promises, to help each other, to be honest and to be one of the leaders of national stabilization and consolidation. +++ Email: dor ingklau s@ gmail.com or follow me in Facebook or Twitter or visit www.germanexpatinthephilippines.blogspot.com or www. klausdoringsclassicalmusic. blogspot.com .
How to fight El Niño LIFE’S INSPIRATIONS: “… All these blessings will come on you and accompany you if you obey the Lord your God… The Lord will open the heavens, the storehouse of his bounty, to send rain on your land in season and to bless all the work of your hands…” (Deuteronomy 28:2, 12, the Holy Bible). -ooo STRONG EL NINO TO HIT RP, PAG-ASA SAYS: Do you remember this? “I don’t know whether we should be alarmed or not, but there is a report which said that the Philippines is likely to be hit by the El Nino phenomenon in the next several months, and is probably going to last very long, according to PAGASA, or the weather bureau. “Traditionally, the El Nino phenomenon is believed to cause warming of the ocean’s surface and, consequently, the evaporation of sea water to form rain clouds which later on transform into relatively strong downpours. “But reports suggeststhat because of the El Nino phenomenon these coming months, the Philippines will more likely suffer `below normal rainfall condition’ in northern and central Luzon, including Palawan, and some areas in Central
Visayas and Mindanao. Which means, hotter and drier temperatures, and which means, further, less agricultural production. -ooo CAN EL NINO BE STOPPED? “But whatever way this El Nino turns out to be when it finally comes--whether it would bring more flood-inducing rains or a hotter climate which is greatly more pernicious to agriculture---it would appear from press advisorIES that there is nothing much we and the government can do to stop it from happening. “Indeed, that is the truth--there is no one which can stop El Nino or even its counterpart, the La Nina phenomenon, w hich is supposed to be a weather condition characterized by stronger than normal rains. This plainly means we are all vulnerable, and more Filipinos will likely suffer the death and devastation coming from these rains, floods or dry spells, once again. “Unless, of course, if we start believing that warming temperatures around the world, and the rains and the floods that have been wrecking havoc in our lives more regularly now, have a spiritual or Biblical dimension
so that, in addition to the disaster mitigation programs which the government had been pushing relentlessly, we as a nation could look at what the Bible prescribes as remedies for surviving the foregoing natural calamities. -ooo HOW TO FIGHT EL NINO? “First, we must understand that under Deuteronomy 28:15, 22-23 of the Bible, there is a warning that global warming and climate change will happen and give rise to fiery skies and metal-hard soils, scorching heat and deadly droughts, and dust and powder falling from the heavens. For what reason? Deuteronomy 28:15 says: `…if you no longer listen to God and no longer obey His commands…’ “Then, Jesus Christ, our God and Savior, warned all of us about the impending rains, floods and strong winds. In Matthew 7:24-27, He said these calamities will come and people who listen to, and obey, Him will survive these natural tragedies. But, Jesus clarified, those who listen but do not obey Him will all die. “Based on these two parts of the Bible, it is quite clear that there is no stopping these natural calamities from coming to the world. But
K akampi
Mo A ng Batas
Atty. Batas Mauricio God, in His great love and mercy for all of us, provided us a way out: we must listen to Him and obey His commands if we want to survive and prevail. Translated, this means, we must read His Bible and obey what He says. Or we perish and die.” -ooo PLEASE WATCH OR L I S T E N : “ Ta m b a l a n g Batas at Somintac”, a newscommentary radio program, aired at DZEC 1062 kHz and other R adyo Agila provincial stations, at http:// www.eaglebroadcasting. net/radyoagila and at www. youtube.com (type DZEC Radyo Agila Tambalang Batas at Somintac 1062 Live), 6 to 7 in the morning, Philippine time. Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@ yahoo.com.
Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves.
-- Herbert Hoover,
31 st U.s. President
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
BusinessWeek MINDANAO
Banking&Finance 5 Lending, money supply continue to grow in Jan. 2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
tue-wed|march 1-2, 2016
BDO Unibank posts record P25-B net income in 2015 BDO Unibank, Inc. (BDO) reported a 10 percent hike in its net income to an all-time high of P25.0 billion last year, matching the Bank’s earnings guidance for 2015 despite the challenging operating environment, on the back of robust growth across all business segments. In a disclosure to the Philippine Stock Exchange, the Bank said it achieved another milestone last year as it became the first domestic bank to reach the P2.0 trillion mark in total assets. The sustained expansion in lending, deposit-taking and fee-based businesses drove the Bank’s solid performance last year with net interest income amounting to 57.0 billion. BDO’s customer loan portfolio grew 17 percent. Non-interest income rose to P31.9 billion, with
fee-based service income contributing P19.4 billion and trading and foreign exchange gains accounting for P7.2 billion. Overall, gross operating income advanced by 10 percent to P88.9 billion. Operating expense growth was at 14 percent due to sustained business and branch expansion as well as the consolidation of One Network Bank (ONB) in July 2015. Meanwhile, the Bank set aside P3.0 billion in provisions even as gross nonperforming loan (NPL) ratio declined to 1.2 percent from 1.3 percent in 2014. NPL cover remained high at 166 percent. The Bank’s capital base hit almost P200 billion in 2015, with Capital Adequacy Ratio (CAR), Tier 1 Capital ratio and Common Equity Tier bdo/PAGE 6
B
ANK lending went up by 15.8 percent yearon-year in January to P5 trillion, the Bangko Sentral ng Pilipinas (BSP) reported on Monday. The BSP also said that domestic liquidity (M3) grew by 11.5 percent year-on-year to P8.3 trillion mainly because of sustained demand for credit. Money supply remains adequate to support economic growth. As for commercial banks’ outstanding loans, including reverse repurchase (RRP)
placements, this went up by 15.6 percent to P5.38 trillion. Both in net and gross RRP basis, lending growth were higher than December, 2015’s 13.6 percent and 12.7 percent, respectively. The BSP said it will “continue to ensure that domestic credit and liquidity conditions will keep pace with the overall economic growth while remaining consistent with its price and financial stability objectives.” As for money supply, it said the monitoring of
liquidity and credit dynamics are conducted diligently for monetar y conditions to remain stable. For the month of January, domestic claims increased by 14.4 percent. The BSP said credits to the private sector grew faster compared to December. Majority of bank loans were channeled to key production sectors such as real estate activities; electricity, gas, steam and air-conditioning supply; wholesale and retail trade and
repair of motor vehicles and motorcycles; manufacturing; and information and communication. Net public sector credit also increased by 22.5 percent. The central bank said loans for production activities which accounted for 80 percent of the total, went up by 16 percent year-on-year in January to P4.54 trillion. Real estate activities’ loans went up by 23.4 percent to P891 billion while electricity, gas, steam, and air-conditioning continue/PAGE 6
CHINA BANKING Corp. (China Bank) saw its net income grow by a tenth last year on the back of the continued expansion of its core business operations. The Sy-led bank told the stock exchange yesterday that its net income for 2015 reached P5.63 billion, 10% higher than its earnings the previous year. China Bank said its earnings translated to a 9.69% return on equity, or the net income earned as a
percentage of stockholder investment -- a key measure of performance, while return on assets, or the net income as a percentage of total assets, was at 1.18%. Its net interest income grew 7% to P15.08 billion, largely due to earnings from loans and receivables that grew 8% to P15.90 billion while interest expenses dropped by 2% to P4.24 billion. Net interest marg in stood at 3.37% from 3.30%,
while net loans rose 7% to P309.81 billion, driven by the strong growth of the bank’s consumer and commercial loans, up by 24% and 11%, respectively, which offset the flat growth in corporate loans. Non-interest income, meanwhile, dipped by 4% to P4.56 billion as trading gains and income from sale of investment properties declined by 9% to P486.92 million and by 27% to P258.71 million, respectively.
This was offset by the 25% increase to P1.95 billion in earnings from service charges, fe e s, and commissi ons from the bigger network and contribution from the remittance and investment banking businesses the bank said in its regulatory filing. Total operating income reached P19.64 billion, up 4%. Its consolidated operating e x p e n s e s - - e x c lu d i n g provision for losses -- grew profit/PAGE 6
China Bank net profit up by 10% in 2015
Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region BRANCH 24 Cagayan de Oro City HEIRS OF LUISA DACLAG ARBAS, NAMELY: CIVIL CASE NO. 2014-177-R BELEN DACLAG PARAGAS, ALMA D. CLARITO, AND AIDABEL DACLAG ARBAS; REPRESENTED BY AIDABBEL DACLAG ARBAS; HEIRS OF TEMPORA DACLAG JADAP; FRANCISCO S. DACLAG; HEIRS OF MARTINA DACALG KATIPUNAN, REPRESENTED BY APOLINARIO D. KATIPUNAN; AND HEIRS OF SEVERINA DACLAG SALON REPRESENTED BY VICENTA SALON GABUCAN, Petitioners, IN RE: SETTLEMENT OF ESTATE OF THE DECEASED PERSONS. X-----------------------------------------------------------------------------/ ORDER This is a Petition for Settlement of Estate, with the petitioners alleging among others, that they are the heirs of the late spouses Maximino Daclag and Sotera Sarraga; that Maximino Daclag inherited from Francisca Laray, a parcel of land containing One Thousand Four Hundred Twenty Six (1,426) sq.m., more or less, which is a portion of the property located in Lapasan Cagyan de Oro City, covered by OCT No RO 557 (OCT 7732); that after the death of Maximino Daclag, the said property was passed on to his (5) five children, and with each of them entitled to Two Hundred Forty Five Point Twenty (245.20) sq.m. more or less, as their respective shares; that petitioners, as compulsory heirs, want to judicially partition the subject land equally among themselves, for the purpose of segregating their individual shares and registering the same in their respective names. Thus, this Petition. This petition will be called for initial hearing on March 18, 2016, at 8:30 o’clock in the morning, during which the jurisdictional requirements of publication, posting and notice to all persons who have interests which would be affected by this petition, will be proved. At the expense of the Petitioner, let this Order be published once a week for (3) three consecutive weeks in a newspaper of general circulation in the City of Cagayan de Oro, and in the Province of Misamis Oriental. Further, let this Order, together with copies of the Petition and its annexes, be posted before the initial hearing, in the Bulletin Boards of this Court, City Hall of Cagayan de Oro City, Provincial Capitol of Misamis Oriental, and the Barangay Hall of the Barangay where the land is situated. Any interested person may, within fifteen (15) days from notice thereof, file an Opposition to the Petition. Let a copy each of this Order be furnished to the Petitioners, Atty. Cancio P. Guibone, the Register of Deeds of Cagayan de Oro City, and the land Registration Authority.
SO ORDERED. ISSUED this 22nd day of January, 2016, at Cagayan de Oro City, Philippines.
BWM: Feb. 17, 24 & Mar. 2, 2016
(Sgd.) HENRY B. DAMASING Presiding Judge
BusinessWeek MINDANAO
6
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
tue-wed|march 1-2, 2016
Relocation... from page 1
Charito Raagas, the HLURB regional director here, said that the homeowners associations should understand the framework and governance of each relocation site in the community. “The roles and functions of the homeowners associations are laid out by the City Housing Task Force,” Raagas said during a dialogue with homeowners here. Dalman said that the forum
created a venue where residents can share ideas and experiences in governing the relocation sites in the community. He said that the dialogue was relevant because of the necessity to promote the best practices and norms of good governance in homeowners’ associations due to the increasing numbers of resettlement communities within the city. Dalman said that homeowners associations’ vital role in nation-building is emphasized and protected through several laws of the
republic. The 25 relocation sites in Cagayan de Oro are spread throughout Indahag, Blaubal, Camaman-an, Calaanan, Canitoan, Lumbia and Taguanao. (PNA)
Vista... from page 3
the transformation of the former from a purely residential developer into the country’s fourth biggest integrated property developer. Vista Land grew its nine-
household consumption loans increased by 16.3 percent yearon-year to P391.99 billion. These are credit card loans amounting to P177.34 billion, automotive loans of P156 billion and salary-based general purpose loans of P42.1 billion.
Smart...
Profit...
of P550 per day and offered via load cards that are valid for one, two, or three days, the Smart Surf Abroad 550 package provides users with worry-free and convenient mobile data connectivity while traveling overseas. This allows travelers with prepaid subscription to stay online using their smartphone while overseas, whether to post photos and updates on their social networks, or to use chat apps to keep in touch with their contacts, or navigate unfamiliar areas using commuter service apps and travel guides – all without having to wait for the availability of wifi.
slightly by 5% to P12.30 billion which resulted to a cost-toincome ratio of 62.62%. “China Bank maintained a strong balance sheet in 2015. Total assets expanded 12% to P526.54 billion, driven by loans and investments supported by from page 5 deposit growth,” the bank said. Total deposits with the 1 (CET1) ratio all settling bank grew by 10% to P439.10 comfortably above the current billion, supported by the 18% regulatory minimum under the growth in low-cost deposits Basel III framework at 13.3 -- demand & savings accounts percent, 11.7 percent and -- to P227.37 billion, which led 11.3 percent, respectively. to a better low-cost deposits to For 2016, BDO believes total deposits ratio of 51.78% its solid balance sheet, strong versus 48.39% last year. The business franchise and focused loans-to-deposit ratio stood at growth strategy place the Bank 71%. in a solid position to take Total capital funds increased advantage of the country’s by 5% to P59.31 billion.The growth opportunities amid an bank said its total capital increasingly competitive and adequacy ratio -- a measure volatile environment. of a bank’s financial strength Meanwhile, the Bank’s -- stood at 13.5%, well above Board of Directors approved the central bank’s 10% minimum the declaration of a P0.30 requirement. per share cash dividend on Its common equity Tier 1 common shares for the first (CET1) ratio of 12.58% also quarter of this year, with exexceeded the minimum CET1 dividend date at March 9, 2016, ratio of 8.5%. record date at March 14 and China Bank had one of payment date at March 28, the fastest branch expansions 2016. (JAL)
from page 3
from page 5
BDO...
Continue... from page 5
supply rose by 35.7 percent to P573.89 billion. Loans for the wholesale and retail trade, repair of motor vehicles and motorcycles increased by 13.7 percent to P711.8 billion while manufacturing went up by 5.5 percent to P767.68 billion. The BSP reported that
Tirso Neri St., Cagayan de Oro City Accommodations and rates
Pinakalami-an!
DALTAN’S KAMBINGAN Kambingan, Bulalohan, Native Manok, Seafoods, Chicken Inasal, Halal. Tiano Corner JR. Borja St. | OPEN 24 HOURS!
in 2015, it said. It opened 47 branches -- 38 for China Bank and nine for China Bank Savings -- of which 22 branches were in restricted areas and 25 branches in non-restricted areas. It ended 2015 with a total branch network of 517 nationwide. China Bank, the country’s fifth largest bank in asset terms, pulled in P5.11 billion in consolidated net income in 2014, a tad higher than its P5.10-billion net earnings in 2013.
month earnings by 18% to P5 billion from P4.25 billion on higher double-digit growth in revenues from its core housing projects. Real estate revenues jumped 13% to P16.7 billion in the January to September period.
Single Room Standard Room Twin-bed room Deluxe Room Suite Room Family Room
-
P650.00 P850.00 P900.00 P1000.00 P1300.00 P1500.00
Features and Amenities Coffee Bar Spa Business Center Laundry Medical Tourism Tel #: 088-309-2222/ 08822-72-2222/ 088-857-4447 Sun Cell #: 0922-821-9728 Email: info@victoriasuitesonline.com Website: www.victoriasuitesonline.com
BusinessWeek MINDANAO
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
tue-wed|march 1-2, 2016
Energy... from page 1
to make industrial operations more energy efficient, reliable and competitive. In its latest initiative, PIEEP is conducting a two-day training on Energy Management Systems for 54 Industrial Users of various industrial companies operating in the Cagayan de Oro-Iligan Corridor (CIC). Scheduled from March 1-2, the two day training session targets persons designated by management as responsible for implementing the energy management system (EnMS). “This will walk participants through the Plan-Do-Check-Act cycle as it applies to ISO 50001 energy management standards,” said Oscarlito C. Malvar, national project coordinator. “Participants will be taught how to establish an effective energy policy, set improvement targets and objectives, establish energy performance indicators, identify significant energy users, and opportunities for improvement.” Malvar said participants will also be mentored on the value of conducting industrial system optimization assessments in order to identify early energy saving opportunities and build momentum for the energy management system. PIIEP is aligned with the National Climate Change Action Plan (NCCAP) 20112028 that aims to promote and implement energy efficiency and conservation at the national level to help address climate change concerns. Its project components include the Energy Management System, Systems Optimization and Enhancement of Financing Capacity with partner banks DBP, BPI and Landbank. Target benefits include electricity savings of 2,057,755 megawatt hours (MWh), fuel savings of 6,071,000 gigajoules (GJ) and an estimated “Direct Environmental Benefit” of 261,754 metric tons of carbon dioxide (equivalent emissions reduction from fuel and electricity savings). Initially, focus sectors identified included Food & Beverage, Basic Metals & Steel, Chemicals and Pulp DEED OF EXTRAJUDICIAL SETTLEMENT OF ESTATE
& Paper Products. This has now been expanded to include cement, semiconductor and microelectronics, and Water Utilities. With technical assistance from the United Nations Industrial Development Organization (UNIDO) and financial assistance from development partners such as the Global Environment Facility (GEF) and local development banks, the PIEEP can help the Philippines meet its commitments to global environmental agreements, secure a low carbon future, and more importantly, achieve inclusive and sustainable economic growth that establishes a competitive market environment, creates decent employment opportunities, and helps eradicate poverty. The project aims to promote sustainable energy management system and achieve energy efficiency best practices within the Philippine industrial setting with the purpose of achieving energy savings and contributing to climate change mitigation efforts. This objective will be achieved through the introduction of energy management system (EnMS) standards (compliant with ISO 50001), systems optimization (SO) for steam, compressed air, and pumps, and financial opportunities for energy efficiency investments. The GEF has provided a grant of $3.166 million for the 5-year project period.
Trade... from page 1
food and chemical products. Ayup said that she wanted to strengthen the trade relationship to benefit the business players of both countries, as she emphasized the need to strengthen the bilateral trade by realizing the strengths of their counterparts. “We want a two-way trade. For instance, we buy cacao from the Philippines and then we manufacture final products. Some of your industries are also into manufacturing,” she said. She explained that Malaysia is mostly a manufacturing-driven economy but they need to import raw materials from neighboring countries such as Philippines to manufacture products. “For example, Mindanao has agricultural produce. Malaysia also has agricultural produce but we need agricultural products from other countries,” she said. Ayup highlighted their Halal industry, this being their strength in the Asean Economic Community (AEC) that opens the playing field for all exporters among the 10-Asean member countries by bringing down to zero the tariff rates. She encouraged Mindanawon investors to do business in Malaysia as she pointed out that Malaysia is “an investorfriendly” country. But she also acknowledged that the problem of connectivity
options passing through the east, namely: Esperanza—Bilaa, Cat-Iwing—Bilaa via Dinagat Island and Cat-Iwing—Bilaa. However, the three routes were not endorsed by EGS Asia, citing seismic hazards, difficulty in acquiring right of way due to the presence of several mining sites in Dinagat Island, geophysical hazards, strong seabed currents and the longer distance. NGCP tapped China Electric Power Research Institute (CEPRI) to conduct the system study to review the design and technical aspects of the interconnection, while Geophysical Services Limited – Asia (EGS Asia Ltd.) was engaged to conduct the hydrographic survey. The grid operator, on the other hand, executed the preengineering activities including the transmission route survey, geologic investigations and data gatherings. NGCP further stressed that an oversupply in Mindanao could reduce the expected power shortage in the Visayas grid, as it forecasts an additional 2,400 megawatts (MWs) for the Mindanao grid from 2015 until 2018. The grid operator filed the petition on November 13, 2015. The link between the two grids was first conceptualized by a study from the Japan International Cooperation Agency (JICA) in 1984. It also
included the Leyte-Cebu 230 kilovolt (kV) AC high voltage interconnection projection, Leyte-Luzon 350 kV HVDC interconnection project and the Leyte-Mindanao 250 kV HVDC interconnection project. Currently, the Luzon and Visayas grids are only linked through the Leyte-Luzon 350 kV HVDC. (PNA)
EXTRA-JUDICIAL SETTLEMENT WITH A DEED O F A B S O L U T E SALE OF A PARCEL OF LAND
Republic of the Philippines SUPREME COURT REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 17 Cagayan de Oro City
NOTICE OF EXTRA-JUDICIAL SALE EJF File No. EJF-2016-014
IN THE MATTER OF PETITION SPEC. PROC.NO. FOR CORRECTION OF ENTRIES SP-ORD. 2016-013 In the Certificate of LIVE BIRTH OF FAIDA SAICONA DIMALNA,
Notice is hereby given that the intestate estate of the Late VICTORIANO LLIDO and CONRADITA G. LLIDO represented by their child NEPOMUCENA G. LLIDO, who inherited the property which she sold to the herein buyer/ vendee is of legal age, single and a resident of P o b l a c i o n , Ta l i s a y a n , Misamis Oriental herein after referred to as the seller/vendor left a parcel of land situated in Poblacion,Talisayan, Misamis Oriental and which property described as follows; Tax Declaration No. 08-03-0001-00701 containing an area of THREE HUNDRED THIRTY EIGHT (338) square meters more or less is the subject of EXTRAJUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND Under Notary Public of ATTY. EMELITO J. MARQUIÑO per Doc, No. 140; Page No. 28; Book No. XII; Series of 2016.
FAIDA SAICONA DIMALNA, Petitioner,
BWM: Feb. 24, Mar. 2 & 9 ,2016
--versus—
EXTRAJUDICIAL S E T T L E M EN T OF THE ESTATE OF THE DECEASED EDGARDO B. JUSTO WITH SIMULTANEOUS WAIVER OF RIGHTS
Upon Extra-Judicial Petition for Sale under Act 3135 as amended, filed by HOME DEVELOPMENT MUTUAL FUND (Pag-IBIG Fund) with branch office at Pag-IBIG Fund Bldg., J.R. Borja St., Cagayan de Oro City, against MARICHU S. BUENAVISTA married to RAINIER M. BUENAVISTA, with postal address at c/o Runil Cotejar, Block 44, Lot 32, PN Roa Subdivision, Barra, Opol, Misamis Oriental, to satisfy the mortgage indebtedness which as of October 3, 2015, amounts to ONE HUNDRED FIFTY SIX THOUSAND EIGHT HUNDRED NINETY NINE PESOS & 61/100 (P 156,899.61) Philippine Currency, as mortgagor’s total indebtedness inclusive of interest and penalty charges, excluding other necessary fees and expenses of Extra-Judicial Foreclosure and Sale, the undersigned Sheriff-in-charge will SELL at Public Auction on MARCH 28, 2016 at 10:00 o’clock in the morning or soon thereafter, at the Tourism Hall, City Hall Compound, Cagayan de Oro City, to the Highest Bidder for CASH and in Philippine Currency, the real property mortgaged together with all existing and future improvements thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-31382 Registered in the name of MARICHU S. BUENAVISTA
Notice is hereby given that the intestate estate of the Late BEATRIZ M. GEMPISAO and MAURO GEMPISAO, left a parcel of land situated in Poblacion, Cagayan de Oro City, Island of Mindanao, and which property described a s f o l l o w s ; Tr a n s f e r Certificate of Title No. T-25057 containing an area of ONE HUNDRED FORTY-EIGHT (148) square meters more or less is the subject of DEED OF EXTRAJUDICIAL SETTLEMENT O F E S TAT E U n d e r Notary Public of ATTY. TEOFREDO C. ROJAS per Doc, No.258; Page No. 52; Book No. XXXVIII; Series of 2015.
FOR EX-OFFICIO PROVINCIAL SHERIFF BY: (Sgd.) JOSEPH C. MAAGAD Sheriff IV
BWM: Feb. 17, 24 & Mar. 2, 2016
BWM: March 2, 9 & 16, 2016
“ A PARCEL OF LAND (Lot 30, Block 01, Pcs-10-002470, being a portion of Lots 1 to 20, Block 28, 1 to 21, Block 29, 1 to 20, Block 43, 1 to 20, Block 44, all of Psd-10-020903). Situated in the Barangay of Barra, Municipality of Opol, Province of Misamis Oriental, Island of Mindanao. Bounded on the x x x. Beginning at x x x; containing an area of Sixty (60) Square meters, more or less” Prospective Buyer/Bidders may investigate for themselves the title herein above described and encumbrance thereof, if any there be. In case March 28, 2016 will be declared holiday or nonworking day, the Public Auction Sale shall automatically be held on March 30, 2016 without further notice publication and posting.
needs to be addressed as there is no direct air or shipping route between Malaysia and Mindanao at present. Ayup named oil giant Petron Corp. and Universal Robina Corporation (URC) as two Filipino companies already operating in Malaysia. The MATRADE official said that they are encouraging investors from their country to invest in Mindanao, particularly on agriculture, information and communication technology (ICT), and manufacturing. What Malaysian investors look for in an investment destination are good government policies, right partners, facilities, cost of production, and the ease of securing licenses, she said. Ayup was in Davao City for the Brunei, DarussalamIndonesia-Malaysia-Philippines East Asean Growth Area (BIMPEAGA) Strategic Planning Meeting from Tuesday to Friday. The four-day meeting was attended by more than 200 technical officials and private sector representatives from BIMP-EAGA member countries to determine and facilitate programs, projects, and partnerships that will further the growth within the sub-region. (Antonio L. Colina IV / MindaNews)
7
2014 ppi’S Best in ENVIRONMENTAL Reporting
Cagayan de Oro City, February 23, 2016
NGCP... from page 1
EGS Asia Ltd. was tapped by NGCP to study three cable route
THE LOCAL CIVIL REGISTRAR OF CAG. DE ORO CITY, Respondent. X-------------------------------/ ORDER Petitioner Faida Saicona Dimalna filed before this Court a petition for correction of entry in her birth certificate. The petitioner seeks for the correction of the erroneous entry of her date of birth as reflected therein from January 14, 1996 instead of November 4, 1990. The petitioner alleged that she was born in Agora Lapasan, Cagayan de Oro City on November 4, 1990. She applied for a late registration of her birth at the Office of the Local Civil Registrar of Cagayan de Oro City. That the date of birth reflected in said birth certificate was January 14, 1996 instead of November 4, 1990. Her school records and baptismal certificate showed that her date of birth is indeed November 4, 1996 and NOT January 14, 1996. Finding the petition to be sufficient in form and substance, the petition is set for hearing on March 14, 2016 at 8:30 o’clock in the morning at the session hall of this Court, at which date, time and place, all persons who may have in the petition are called to appear and show cause why the petition should not be GRANTED. At the expense of petitioner, let a copy of this petition be published once a week for three (3) consecutive weeks in a newspaper of general circulation in the City of Cagayan de Oro and Province of Misamis Oriental. Let copies of this order be posted in the Bulletin Boards of the Provincial Capitol Building of Misamis Oriental, City Hall Building and Office of the Local Civil Registrar all of Cagayan de Oro City. Likewise petitioner is directed to furnish copy of the petitioner and its annexes to the Officer of the Solicitor General, Makati City. SO ORDERED. Done this 12th day of February 2016, in this City of Cagayan de Oro, Philippines. (Sgd.) FLORENCIA D. SEALANA-ABBU Presiding Judge BWM: Feb. 24, Mar. 2 & 9, 2016
Notice is hereby given that the intestate estate of the Late EDGARDO B. JUSTO who died on August 17, 2001, left a parcel of land situated in the Barrio of Barra, Municipality of Opol, Province of Cotabato, Island of Mindanao and which property described as follows; TCT NO. T-25787 containing an area of ONE HUNDRED FORTY (140) square meters more or less is the subject of EXTRAJUDICIAL SETTLEMENT OF THE ESTATE OF THE DECEASED E D G A R DO B . J U S T O WITH SIMULTANEOUS WAIVER OF RIGHTS that for and in consideration of her LOVE & AFFECTION to her son, JERRICK R. JUSTO, MARICHU E. JUSTO, the mother, does HEREBY CEDE unto the said JERRICK R. JUSTO, his heirs and assigns, her conjugal share in the abovedescribed property, free from any liens and encumbrances. Under Notary Public of ATTY. ALBERT T. ERAMIS per Doc, No.492; Page No. 99; Book No. CXIII; Series of 2005. BWM: March 2, 9 & 16,2016
8
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
tuesday|march 1, 2016
BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting 2014 ppi’S Best in ENVIRONMENTAL Reporting
tue-wed | march 1-2, 2016
YOUR Mindanao-wide BUSINESS paper
B1
SM City CDO joins in nationwide 30th anniversary celebration Story and Photos by MARK FRANCISCO, Lifestyle Editor
S
M City Cagayan de Oro joined its 54 sisters nationwide in jointly celebrating the 30th anniversary of the first SM Supermall, SM North Edsa. Ever since SM North EDSA, known as the third largest mall in the world, opened its doors in 1986, Filipinos have come to enjoy the unique family fun mall experience and affordable luxury shopping for all.
Here in Cagayan de Oro 1,300 balloons were released from the ceiling cascading towards the throngs of people at the Activity Center three stories below. Thirty of the balloons entitle the shopper who snatched them with P300 worth of gift certificate.
DUST MITE ALLERGENS CAN RUIN PLAYTIME.
There were also 30 special white balloons which will automatically entitle a shopper a McDonald’s Happy Meal once presented to the counter. There was also a presentation by a contingent from Grace and Pointes Dance Center. And dig this – the 30th anniversary celebration is not just a one-day event. In each quarter, there’s gonna be a 30th Anniversary Sale and the dates are as follows – April 30, July 30
and October 30. Tenants in all the 55 SM Supermalls nationwide will offer a choice of the following promotions: 30 percent off, P30 off or P30 value products. This March, watch out for their 30 Style Stars featuring 30 fashion designers, stylists and makeup artists who will represent a fresh and distinct point of view with an exhibit showcase or editorial across SM Supermalls.
It will be the turn of restaurants this May to offer the 30 percent gimmick (i.e. 30 percent off, P30 off, discounts for the first 30 customers) the whole month round. It will be the turn of Cyberzone tenants to offer the said promo in August as SM Supermalls celebrate Cybermonth. Then in October, celebrate family and fashion as all fashion tenants are mandated to offer the 30 percent Anniversary Gimmick.
From Martial Law to People Power:
Experiental Museum recreates a nation’s journey On April 24, 1980, Macliing Dulag, village elder of Bugnay in Kalinga, was murdered. Dulag had been leading protests against a plan to construct a
KI-A60E-W
REDUCE ASTHMA ATTACKS
with the SHARP Plasmacluster Air Purifier
ALMOST
11 MILLION FILIPINOS SUFFER FROM ASTHMA. THIS MIGHT EVEN INCLUDE YOU OR A LOVED ONE. Source: “Almost 11 Million Filipinos...” - Asthma Insights and Reality in the Asia Pacific Region (AIRIAP), 2008
Powered by the dual purifying function of Plasmacluster Ion Technology which gets rid of asthma-inducing allergens, viruses, bacteria, and molds by up to 99%, and True HEPA Filter which captures asthma triggers as tiny as 0.3 microns like dust, pet dander, pollen, and smoke by up to 99.97% —the Sharp Plasmacluster Air Purifier makes the home safe for asthmatics, with a Seal of Approval from the experts at the British Allergy Foundation.
SharpPhilippines ASC Ref. No.: S004P070815S
dam, which would bring about the displacement of indigenous communities. His life and struggle to defend their sacred lands, however, ended by bullets.
Still, decades after his passing, Dulag’s legacy of courageous resilience endures as his story is passed on by his neighbours. It is a story that is told to young members of their tribe, and it continues to inspire the indigenous peoples of Kalinga. It is a story that will now be conveyed and retold through new forms of media in the People Power Experiential Museum. The EDSA People Power Commission opened from February 25 to 26, 2016, at Grandstand full story/PAGE B2
BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
Feature
B2 From Martial Law to People Power: YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
tue-wed|march 1-2, 2016
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
Experiental Museum recreates a nation’s journey On April 24, 1980, Macliing Dulag, village elder of Bugnay in Kalinga, was murdered. Dulag had been leading protests against a plan to construct a dam, which would bring about the displacement of indigenous communities. His life and struggle to defend their sacred lands, however, ended by bullets. Still, decades after his passing, Dulag’s legacy of courageous resilience endures as his story is passed on by his neighbours. It is a story that is told to young members of their tribe, and it continues to inspire the indigenous peoples of Kalinga. It is a story that will now be conveyed and retold through new forms of media in the People Power Experiential Museum. The EDSA People Power Commission opened from February 25 to 26, 2016, at Grandstand of Camp Aguinaldo, Quezon City, a museum that allowed visitors to experience critical moments in history such as the fear and oppression wrought by Martial Law, the struggle to reclaim democracy, and the four miraculous days of People Power. With the creation of the Experiential Museum, the EPPC hopes to share with young Filipinos the stories of those who bravely endured and fought against the injustice and oppression of Martial Law. Actors portrayed Filipinos who were martyred during Martial Law, including Dulag, Edgar Jopson, and Evelio Javier. Visitors were guided through 10 halls, which
brought together elements of theater, cinema, photography, and other allied arts to recreate the experiences that awakened Filipinos, and sparked the EDSA People Power Revolution. Each hall represented not only periods in history, but also themes that underscore the enduring narrative of Martial Law and the 1986 EDSA Revolution: • The Hall of Restless Sleep The first hall represented the lulling of our nation to sleep by Martial Law and the suppression of our freedoms. Visitors entered a hall with bound people, sleeping on army cots. On the walls, the announcement of former President Ferdinand Marcos, declaring the imposition of Martial is repeatedly shown. The visitors noticed that some cots are empty. But, when they looked at those cots, they saw mirrors reflecting their own faces. • The Hall of Hidden Truths The second hall was a masque ball, where the privileged few of the “New Society” revel in exorbitant festivities. But, outside the ball, beggars roamed while photographs, documenting the poverty and social inequity during the Martial Law era were shown on the walls. An operatic version of “Dahil sa Iyo” was played repeatedly. • The Hall of Orphans In the third hall, visitors met the orphans of Filipinos who were abducted, tortured, and “forcibly disappeared.” They ask you: “Where are
our parents?” • The Hall of the Lost In the fourth hall, the old propaganda films of the Marcos dictatorship were projected on the walls. But, after this, visitors encountered the injustices hidden by Martial Law propaganda. This hall provided visitors with photographs
and stories of the desaparecidos of that dark time. • Hall of Pain Be prepared to learn about Martial Law’s brutal ways of torture. • The Hall of Forgotten Martyrs In the sixth hall, visitors met the forgotten martyrs who represented
the different sectors of their generation. Lean Alejandro (youth), Macliing Dulag (indigenous Filipinos), and Evelio Javier (middle class and the civil society) shared their stories. • The Hall of Awakening From the tarmac stained with Ninoy Aquino’s blood to streets
teeming with Filipinos praying for the end of the Marcos Regime— visitors re-experienced the breathtaking journey of the EDSA People Power Revolution. • The Hall of Action In the last hall, visitors found memorabilia and symbols from the EDSA People Power Revolution.
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
B3
2014 ppi’S Best in ENVIRONMENTAL Reporting
tue-wed|march 1-2, 2016
B4
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
wednesday|march 2, 2016