BusinessWeek Mindanao (September 30, October 1, 2022)

Page 1

Briefly

BARMM budget

BANGSAMORO Autonomous Region in Muslim Mindanao (BARMM) Chief Minister Ahod Ebrahim is confident the 80-member Bangsamoro Transition Authority (BTA) will approve the proposed P85.3 billion budget for next year. “The proposed budget will hopefully bring us to that point in the future when connected from this point where we are now, will draw a line of sustained progress,” Ebrahim said in a statement Wednesday. Under the proposed allocation, which Ebrahim filed Monday, the biggest chunk is allotted for the social services sector with a P36.9 billion budget.

Mt. Apo reopensfor trekking

DAVAO City – Closed to the public in the past three months, the Mount Apo Natural Park (MANP) resumed trekking and mountaineering on the country's highest peak, an official said Tuesday. Julius Paner, Sta. Cruz town tourism officer, said MANP immediately welcomed trekkers from the United States, Germany, Singapore, Australia, Thailand, New Zealand, and South Africa when it resumed operations on Sept. 1. The closure was pursuant to MANPProtected Area Management Board (PAMB) resolution prohibiting all trekking and camping on trails within the Davao Region for the off-season period.

Feeding

DAVAO City – The Office of the Vice President (OVP) is set to deploy three “kalusugan” food trucks for malnourished children in areas affected by natural and human-induced calamities. Lemuel Ortonio, OVP assistant chief of staff, said the deployment of the vehicles will be based on recommendations from the Department of Education (DepEd) and National Nutrition Council (NNC) with considerations on the highest rate of malnourished or undernourished school children. “Malnutrition is a significant public concern in the Philippines and to address the issue, the food trucks will serve warm and nutritious meals to them,” Ortonio said during the blessing ceremony of the trucks at the People’s Park here Monday.

New agri system to boost Misor’s yield

THE Provincial Agriculture Office (PAGRO) of Misamis Oriental is set to implement the ‘drip irrigation system’ next year to improve the rice sufficiency level in the province.

The plan for adoption of the system was conceptualized after a courtesy call to Misamis Oriental Governor Peter Unabia by Dr. R Sabarinathan, an Indian Agronomist and Rice Expert from NETAFIM company, on Aug. 31 this year this year.

According to NETAFIM, drip irrigation is the most efficient water and nutrient delivery system for growing crops.

It delivers water and nutrients directly to the plant’s root zone in the right amounts, at the right time, so each plant gets exactly

Philip Morris to invest P8.8-B for smoke-free production line in PH

PHILIP Morris International (PMI), the world’s largest cigarette manufacturer, has announced plans to invest an additional P8.8 billion (approximately $150 million) in its Philippine affiliate PMFTC Inc. to open manufacturing lines to produce specially designed heated tobacco sticks for its smoke-free products.

In a statement, PMI said the new investment will expand PMFTC’s existing state-of-the-art cigarette manufacturing facility in Tanauan City, Batangas.

The expansion program is expected to span a two-

year period with actual commercial production seen to start in the fourth quarter of 2023. The new production lines could generate as much as 220 new specialized jobs and will further support the local tobacco growing industry, according to the statement.

The company said that locally grown tobacco has also been approved for inclusion in the production of heated tobacco sticks. This development is expected to help sustain the livelihoods of Filipino tobacco farmers and sari-sari store owners,

Matigsalug vendor from Bukidnon sells tribal bracelets in Iligan City on Tuesday (27 September 2022). Itinerant vendors usually come in droves during the fiesta season as the city will celebrate the feast of St. Michael the Archangel on Thursday. MindaNews photo by RICHEL V. UMEL STREET DANCING. Members of the Higaonon tribe from hinterland Barangay Rogongon join the street dancing competition on Tuesday (27 September 2022) as Iligan City celebrates the Diyandi Festival, which will peak on Thursday, feast of the city’s patron saint, Michael the Archangel. MindaNews photo by RICHEL V. UMEL
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Lanao Sur artisans get support to boost economic enterprise

THE Lanao del Sur provincial tourism office has provided networking opportunities for local artisans to boost economic enterprise on homegrown craftsmanship. Speaking at the Meranaw Artisan Summit in Marawi City on Tuesday, Lanao del Sur 1st District Board Member Ringo Usman Gandamra said the works of local artisans not only represent the Meranaw’s rich culture, but also serve as an instrument to change how others perceive the community. "Artisan work should not be taken for granted - with the height of technology and Westernization, we must double efforts not just

keeping our Meranaw culture from being forgotten but also thrive on how to reach our full potentials," he said. The lawmaker said there is a need to invest in the local sector's capacity to create handmade crafts as it can not only boost cultural diversity but also empower economic opportunities. The summit forms part of the first 100 days development agenda of Governor Mamintal Alonto Adiong Jr., which aims to ensure crosssector collaboration and immersive educational experiences. The activity also hoped to provide a bridge between artisans, industry, and key players in

the handwork economy, and also encourage Meranaw artisans to be registered and provide a platform exhibiting their craft. The summit includes three fora, with six panelists, engaging participants on matters of culture and creativity, while sharing experiences on how Meranaw artisans thrived in the competitive marketplace. Mohammad Pangandaman, representing the cooperative sector, said coops and local entrepreneurship are contributors to Lanao del Sur's economic stability. He said having artisans form cooperatives can be a viable solution to solving socioeconomic problems in the province. (PNA)

Davao coops link with DCWD for land sustainable water sources

DAVAO City – Local cooperatives will sign a memorandum of agreement (MOA) with the Davao City Water District (DCWD) to replant trees and rehabilitate the city's water sources. Luzminda Eblamo, City Cooperative Development Office (CCDO) officer-incharge, said Monday the MOA signing on Oct. 29 coincides with the observance of the National Cooperative Month. “The essence is to make sure that we have inclusive growth. This means that not only should

the cooperative grow, but all their members at the same time,” Eblamo said. Under the MOA, cooperatives under the CCDO pledge to become “adopters” under of DCWD’s "Adopt-aSite" program, and make an annual donation of at least PHP6,000 for every hectare of land that will be rehabilitated to help conserve the city’s watershed areas. Meanwhile, Eblamo said several cooperatives consisting of micro, small and medium-sized enterprises (MSMEs) have signed up for the

Cooperative Trade Fair and Exhibit, which will showcase their “locallysourced products to a ready market.” The fair, organized in coordination with the Mindanao Trade Exposition, will be held at the Abreeza Mall from Oct. 18 to 22. On Oct. 20, Eblamo said the CCDO will also conduct a "Cooperative Leaders Conversation" where participating agencies will answer questions from cooperative members concerning cooperative permits, tax exemptions, packages, licensing, and regulatory requirements. (PNA)

Kas-ada Grill, your gustatory gateway from Laguindingan airport

VISITORS here and returning residents alike who just disembarked from their respective plane rides at Laguindingan airport are likely tired and hungry of the one-hour flight. Thanks to the strategically placed Kas-ada Grill, their stomachs will be full again. With its location right along Sambulawan highway in Laguindingan, Misamis Oriental,

Kas-ada Grill is surely the best place to immediately go to after an hour of bumpy turbulence-laden ride. Kas-ada Grill serves mouthwatering dishes such as combo chicken inasal with rice and drinks, tinolang Bisayang manok, native chicken halang-halang, bulalo, RM, kinilaw, sinuglaw, sizzling pork sisig, sizzling bangus sisig, lechon kawali, grilled panga, calamares, buttered chicken, bam-i, lomi,

sotanghon guisado and chopsuey. For drinks only, Kas-ada Grill serves Tanduay Ice, Tiger, Red Horse, San Miguel, Smirnoff Mule, halo-halo, iced coffee, cucumber juice, calamansi juice, bottled water, Coke and Cobra.

Kas-ada Grill is open from 10:00 a.m. to 10:00 p.m. daily including Sundays. They also accept catering services. For inquiries, call them at 09617761270.

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Banking & finance

Gov’t sets P200-B loans program for October

THE Bureau of the Treasury (BTr) plans to borrow P200 billion from local creditors in October 2022, the same as this month’s borrowing program which, however, was not met.

National Treasurer Rosalia de Leon, in a memorandum to government securities eligible dealers (GSEDs) issued on Sept. 28, said Treasury bills (T-bills)

will be offered for P5 billion each for the 91-day, 182-day, and 364-day.

T-bill auctions are scheduled on all Mondays of the month unless it is rescheduled.

For Treasury bonds (T-bond), volume offering remains at P35 billion, and tenors that will be offered are three-year, six-year, 10year, and 13-year, which will

be auctioned from the first to the fourth week of next month.

T-bond auctions are held on Tuesdays of the month unless there are changes.

The BTr has either fully rejected or partially awarded debt papers this month alone after investors asked for high yields, which de Leon attributed to expectations for the continued rise in

interest rates both here and in the United States.

However, she remains confident that funding for the various programs of the government remains adequate.

“Program is calibrated to meet NG (national government) funding requirements against the current market backdrop,” she added. (PNA)

BSP issues additional regulations for digital banks

DIGITAL banks are required to heed prudential requirements and policies, such as those imposed on universal and commercial banks (U/KBs), given their classification as complex banks.

Under Bangko Sentral ng Pilipinas (BSP) Circular No. 1154 issued on Sept. 14, digital banks are required to have corporate governance framework, risk management system such as on information technology (IT) and cyber security, outsourcing, consumer protection and anti-money laundering

(AML) and countering terrorist financing.

The additional rules were issued following its approval by the policymaking Monetary Board (MB) and the issuance of the digital bank framework in December 2020.

Digital banks are required to have a minimum capital of P1 billion.

The Circular said banks converting to digital banks shall be given a period of three years from approval of the MB within which to “meet the minimum capital requirement and implement

the transition plan, including divestment or closure of branches, sub-branches or branch lite units.”

It said the three-year period wherein digital banks should meet the minimum capital requirement excludes funds being infused by new investors and transfer of the converting bank’s shares of stocks or similar arrangements.

The digital banks were required to have the needed capital before they were issued Certificate of Authority (COA), which is a requirement for registration

with the Securities and Exchange Commission (SEC), it added.

The BSP has approved the operations of only six digital banks to date, a number deemed enough for now for the regulator to assess the importance and necessity for this new bank classification.

These banks are the GoTyme Bank Corporation, Maya Bank Inc. Overseas Filipino Bank (OFBank), Tonik Digital Bank Inc., UnionDigital Bank, and UNOBank, Inc.

In a statement Wednesday, BANKS/PAGE 7

Financially viable PPP projects seen with revised BOT law IRR

THE National Economic and Development Authority (NEDA) is confident that more financially viable and well-structured public-private partnership (PPP) projects will be delivered following the publication of the revised 2022 implementing rules and regulations (IRR) of the Build-Operate-Transfer (BOT) law last Sept. 27.

In a statement Wednesday, NEDA Secretary and BOT IRR Cabinet-level Committee chair Arsenio Balisacan said the PPP projects arising from the revised 2022 IRR of the BOT law will further aid the government in fostering development across the country’s critical sectors amid global headwinds and fiscal constraints.

Balisacan said the new IRR seeks to balance private and public interests toward meeting the country’s development goals.

“Through the new IRR, the government will utilize PPP projects to address the binding constraints to growth and job creation in sectors, such as manufacturing, tourism, IT-BPOs (information technology and business process outsourcing), and the creative industry.

Considering our current

fiscal position, private sector resources and technical expertise will be harnessed to introduce innovations and upgrade the country’s vital infrastructure such as logistics, transportation, telecommunications, and water,” he said.

He said PPP will enable investment in projects connecting leading and lagging regions, which will improve the competitiveness of domestic industries and reinforce the virtuous cycle of attracting even more investments in various sectors.

Harnessing private resources will also allow the public sector to allocate more public resources for social protection measures that will bolster the purchasing power of Filipino families, he added.

Led by NEDA and the Department of Finance, the BOT IRR Committee spearheaded stakeholder consultations and deliberations to fine-tune the proposed amendments.

Other Committee members include the Departments of Agriculture, Energy, Environment and Natural Resources, Information and Communications Technology,

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Success Starts Today

Think a minute… In 1951 a nuclear disaster almost took place at a nuclear power plant in Canada. The core reactor had melted down, so it had to be taken apart before more deadly radiation escaped into the community. The challenge was to quickly find the right person who was both highly trained and also willing to do such a dangerous job that could kill him.

Well, a 26-year-old lieutenant in the United States Navy who was highly trained in nuclear physics and reactor technology was willing to rise to the challenge. He had top security clearance at the headquarters of the Atomic Energy Commission in Washington D.C., so he was flown to the nuclear power plant in Canada where the accident had happened.

There he led a team of trained technicians as they promptly practiced each precise step of taking apart the melted down reactor. Finally, wearing special radiationresistant clothing and armed with only the tools in his hands, the lieutenant went where no human being had ever gone: a melted-down nuclear reactor core.

THINK A MINUTE

opinion

Rotary Club to Touch Base with Former MILF Commander

0947-8935776

To Help Former Combatants to End Mindanao War

JHAN TIAFAU HURST

He had to take the reactor apart perfectly, with each step taking no longer than one minute and 30 seconds. In that amount of time this young lieutenant’s body was exposed to the maximum allowable radiation for a human being for an entire year! So his swift and skillful work was crucial to his own survival. He had no time for even one small mistake of fumbling for a bolt or valve connector. Both his life and the lives of many others were depending on him.

But he not only survived, he succeeded! And not only at that challenging job, but many others throughout his life. For that young Navy lieutenant who saved countless lives by skillfully and bravely going

ORLAN R. RAVANERA

No less than the amazing President of the Rotary Club of East Cagayan de Oro Ms. Jean S. Ong, will be meeting the champion of the Indigenous Peo ples and the Maranaos, Sultan Abdul Amoran who is half-Higaonon, half-Maranao, now sta tioned in Sitio Kibulag, Lantud, Talakag, Bukid non. The very charis matic and popular Sultan was formerly the Brigade Comander of the MILF North Eastern Mind anao Front with some 5 division commanders and some 1,400 former MILF combatants under his command.in Camp Darul, Arkam, Maging, Lanao del Sur. The brave warrior now heads some 14 tribal groups in Mind anao in organizing the IPs into cooperatives. He is the elected Chairman of the IGPANADAYUG

The cooperative was organized a year or so ago to harness the collective power of the Indigenous Peoples to protect the environment especially the Mindamora Falls which is the most beau tiful waterfalls in the country. The 3-storey waterfalls is so amaz ing, continuosly flowing against the backdrop of radiating trees and flow ers with birds including eagles hovering above as if dancing to the won derful “music” of fall ing waters. Indeed, the beauty of nature is the reflection of the Creator (MAGBABAYA), thus, all IPs in Mindanao where ever they are, be they in Davao or in Caraga, have to face Mindamora Falls every time they pray or conduct rituals.

When a corporation dared to transform the Falls into a hydro-power plant, the Indigenous Peoples wrote the Presi dent not to allow sac rificing nature to the altar of greed and profit, categorically stating

that they are willing to sacrifice their lives to protect God’s vanishing creation. They wrote, “Kaya naman kaming mga Tribung Higaon on at Tribung Maranao ng Barangay Lantud ay nagkakaisa upang maisa katuparan ang kagusturhan ng amng mga ninuno para sa ka pakanan naming lahat hanggang sa darating pang henerasyon. Kong kaya kami ngayon an naninindigan upang ma pabalik ang kagandahan ng kalikasan.” Yes, In deed, they are correct firmly believing that the highest form of worship is to protect God’s van ishing creation.

Regaining back the lost ecological integrity can be done through massive tree planting of the hundreds of thou sands of denuded areas which were massively denuded through nonstop illegal logging for five decades by six log ging companies. In fact, one inch of ran fall in the 200 thousand hectares denuded areas means one-meter flood water high upon reaching the 200-hectare urban cent er of Cagayan de Oro.

Bahala Na!

It can be translated to mean "whatever hap pens, happens," "things will turn out fine," or as "I'll take care of things."

In Sikolohiyang Pilipino (Filipino Psychology) it is described as "deter mination in the face of uncertainty."

Bahala Na is a Filipino attitude that expresses courage and faith in God. It means to let go and let God. It has always been an expression of optimism. These days, however, people are mis using it.

From the sheer good ness of one's heart - are we really doing even small things for our fellow creatures? Hey, don't you see it? We are becoming more and more uninterested. We live without concern. We are not making the dif ference. We don't even try or think about it. We have no influence or weight - neither good nor bad. Is that really what we want?

The taxi driver has learned his way and makes a detour without

his conscience pricking him in taking my purse: "Nong, asa ka? Diretso lang!" ... "Sorry Sir!"

On the other hand, while walking a short distance somewhere down town in Davao City, I don't care about the (blind?) beggar, who might really need any single centavo. Many other "business beggars" or swindlers have dulled my usually open handed character. Bahala nasuddenly, I don't care!

Many years ago, while riding a Jeepney (yes, I always loved to do so!), I listened to two pas sengers. "You know, our neighbor suffers from lung cancer. He asked me for a loan because he needs to be hospitalized." "And, what did you do?" - 'Wala, nothing, bahala siya. Why did he never quit smoking as I have told him already a long time ago!"

Well, here we are! Why should I help other people around me, if, on the other hand, MY cries of help or urgent appeals have been rejected, as in

Ten-inch high rainfall means ten-meter high flood waters which oc curred on December 17, 2011 when SENDONG Typhoon hit the cities of Cagayan de Oro and Iligan killing some3,000 people and rendering 11,000 homeless. No way shall we allow this to happen again.

Thus, President Ms. Jean Ong is scheduled to meet the IP leasers headed by Sultan Abdul Amoran to trail-blaze massive tree planting. Also included in the meeting agenda is not only on regaining back the lost ecological integ rity but on how the In digenous People achieve food sufficiency and the liberating path to liber ate the poor IPs from extreme poverty.

Indeed, these brave MILF warriors have ceased fire to exemplify the term, “Transforma tive Cooperative for Peo ple, Planet, Prosperity and Peace!” They have waged a new war that has many moves against climate change, against hunger and poverty and to draw those in the mar gins into the mainstream

HAVE MY SAY

tentionally unanswered? Indifference or egoism? It seems to be a privi lege for us to close our eyes, ears, and mouth in such an indifferent and shameful way, that we hurt those who seek our attention.

Somebody tries to become our friend. Sure, why not?

Somebody was hired as a leader and needs the support of his or her staff. Sure, why not?

Somebody is ill and is suffering from persecu tion and needs us. Sure, why not?

Somebody needs our advice because he or she is facing a difficult deci sion or homelessness or living alone or losing the job. Sure, why not?

Somebody suffers overwhelming prejudice, provocation, and loss of reputation and badly needs the involvement of another helping hand. Sure, why not?

Because of indiffer ence, we keep on de stroying our good nature and the whole globe by unintentional or inter

national contamination of the environment. In difference allows wars instead of looking for peace. Indifference al lows man to hide behind stupid excuses. Indiffer ence goes so far that the employees of a company do not care about their work and jobs by wasting time and money. They must not be surprised if inevitable bankruptcy results.

Bahala na? I don't care? Another human scourge...!

+++

Email: doringklaus@ gmail.com or follow me on Facebook, LinkedIn or Twitter or visit www. germanexpatinthephil ippines.blogspot.com or www.klausdoringsclas sicalmusic.blogspot.com.

Member: IRENE DOMINGO-BANTOL Artist KLAUS DORING
KIM'S DREAM
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President/CEO BUSINESSWEEK MINDANAO CORPORATION Publisher ALLAN MARIO MEDIANTE Vice President for Corporate Affairs JOE FELICILDA Vice President for Administration RUFINO T. MAGBANUA Vice President for Business Development VICENTE C. DELA VICTORIA Vice President for Operations JOE PALABAO Vice President for Marketing ROSE MARY D. SUDARIA, P h D Vice President for Finance MIKE BAÑOS Vice President for Digital DANNYCAROSE SUDARIA-HALASAN Marketing Manager 09360462356
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DOE awards P271-B worth of renewable energy contracts

THE Department of Energy (DOE) reported it awarded a total of 998 renewable energy (RE) contracts as of June 2022, with investments amounting to P270.8 billion.

In a statement Wednesday, DOE said the RE contracts have a total installed capacity of 5,460.59 megawatts and a potential capacity of 61,613.81 MW.

The biggest investments were in solar energy, which amounted to P130.44 billion. This is followed by wind RE technology at P52.91

billion, hydropower at P38.73 billion, biomass at P38.16 billion, and investments in geothermal energy at P10.54 billion.

To attract more investments in the RE sector, DOE Secretary Raphael Lotilla signed Department Circular No. 2022-09-0030 last Sept. 23 increasing the utilization of RE for on-grid areas from 1 percent to 2.52 percent.

“The increase in the utilization of renewable energy in our power

generation mix would encourage more investors and end-users to develop and utilize domestic energy sources,” Lotilla said.

The increase in RE utilization in areas connected to the grid will take effect next year.

The DOE said the newly signed department circular “requires or encourages electricity suppliers, particularly the distribution utilities, to source or produce a specified fraction of their power supply from eligible

renewable energy resources”.

Lotilla added that increasing the RE utilization for on-grid areas will drive the country towards energy sustainability.

“Private sector investments are central in achieving our renewable energy targets and vision. To date, the share of renewable energy in the power generation mix is 22 percent. Our target share is 35 percent by 2030 and 50 percent by 2040,” he added. (PNA)

Globe sells 1,350 towers to PhilTower for P20-B

GLOBE Telecom, Inc. announced on Tuesday that it recently signed a sale and leaseback deal with Phil-Tower Consortium, Inc. (PhilTower) for the telco’s 1,350 towers.

“Globe expects to raise total proceeds of P20 billion from executing this transaction,” the company told the stock exchange.

The tower assets, which are located primarily in Visayas and Mindanao, consist of 90% ground-based towers and 10% rooftop towers. The towers will be leased back to the telco for an initial period of 15 years.

“The first close for this portfolio is targeted to occur by the end of 2022, with subsequent closings happening as and when closing conditions are met,” Globe said.

The company

estimates a pre-tax transaction gain of P5.2 billion.

The sale to PhilTower brings the Ayala-led telco’s total tower sold from 5,709 towers to 7,059, with expected total proceeds of P91 billion.

This will be used to finance capital expenditures and maturing debts, according to the company.

Ernest L. Cu, Globe president and chief executive officer, said these monetization efforts is expected to provide an uplift to the company’s overall value.

For PhilTower, its expansion into Visayas and Mindanao through Globe towers “will give the company a truly nationwide reach.”

“We look forward to growing a longterm partnership with all mobile network

operators to bring efficiency, cost savings and faster expansion, and further bridge the nation’s digital divide,” said Devid Gubiani, president of PhilTower.

On Sept. 23, Globe announced that had achieved the first closing with 800 towers out of the 3,529 towers to be acquired by Frontier Tower Associates Philippines, Inc. for a cash consideration of P10 billion.

The tower assets, which are located primarily in Visayas and Mindanao, consist of 90% ground-based towers and 10% rooftop towers. The towers will be leased back to the telco for an initial period of 15 years.

“The first close for this portfolio is targeted to occur by the end of 2022, with subsequent closings happening as and when closing

Reading with your child

Reading is frequently cited as being crucial for educational success. The debate over whether or not we should encourage our kids to read whatever interests them is on the rise. More and more parents today place a high value on reading to their children when they are young. Due to their limited understanding of reading, many parents continue to overlook the need of teaching their children to read. For children, reading is vital and extremely crucial. By learning from books, youngsters can better themselves, enrich their life, and develop their analytical thinking.

Reading can broaden a child's horizons and improve their quality of life. Children can learn about people and locations from various countries through books, which encourages them to care for all of mankind. And explain the many advantages of reading for enhancing perspectives. Reading is still a crucial skill for kids to learn as well as a significant source of knowledge and enjoyment that may last a lifetime. Encourage your kids to engage in follow-up creative writing and artistic activities so they can expand on what they've learned and express their own creativity

at the same time. As you help your kids appreciate the magic of reading, you'll find that there's a whole wonderful world full of children's literature out there.

Of course, your child can hear stories if they can read as well. The following remarkable advantages of reading for your youngster. Teaching your child to read at a young age will not only instill a love of literature in them, but it will also be beneficial for their scholastic future. Early reading exposure will improve toddlers' and preschoolers' learning aptitude, enabling them to achieve academic success.

conditions are met,” Globe said.

The company estimates a pre-tax transaction gain of P5.2 billion.

The sale to PhilTower brings the Ayala-led telco’s total tower sold from 5,709 towers to 7,059, with expected total proceeds of P91 billion.

This will be used to finance capital expenditures and maturing debts, according to the company.

Ernest L. Cu, Globe president and chief executive officer, said these monetization efforts is expected to provide an uplift to the company’s overall value.

“The portfolio sold to MIESCOR Infrastructure Development Corp. (consists of 2,180 telecom towers in Luzon) on Aug. 11 of this year is expected to close within the next few weeks,” the company said in a statement.

PSALM appoints exAboitizPower official as new president

STATE-LED Power Sector Assets and Liabilities Management Corp. (PSALM) announced on Wednesday that its board elected Dennis Edward A. Dela Serna as its president and chief executive officer.

“The governing board of PSALM has elected Dela Serna as its president and chief executive officer following the release by Malacañang of his appointment as acting president and CEO of the corporation and member,” PSALM said in a statement posted on its website.

Following his appointment, Mr. Dela Serna resigned as first vice-president at Aboitiz Power Corp.’s regulatory affairs office.

In a separate media release, AboitizPower said that Mr. Dela Serna’s resignation is effective on Sept. 28.

“We believe President [Ferdinand R.] Marcos Jr., and his administration have chosen wisely as Dennis is very well suited for the role,” AboitizPower said.

From 2002 to 2008, Mr. Dela Serna supervised PSALM’s universal levy, tariff, and financial evaluation department, under then PSALM

president and CEO Raphael P.M. Lotilla.

Mr. Lotilla, now the Secretary of the Department of Energy, previously served as an independent director at AboitizPower.

On Sept. 5, consumer group National Association of Electricity Consumers for Reforms (Nasecore) asked Mr. Marcos to reconsider the appointment of Mr. Lotilla and Monalisa C. Dimalanta, who is the chairperson and chief executive officer of the Energy Regulatory Commission (ERC).

“The Secretary of Energy’s record in public service speaks for itself. He is also aware that [ERC Chair Ms.] Dimalanta’s stint as head of the National Renewable Energy Board in the previous administration was characterized by fairness and integrity,” Andria Frago, the DoE’s media office chief, said in an earlier Viber statement.

Ms. Dimalanta has also served as a compliance officer at AboitizPower, a post she relinquished after joining the ERC.

Meanwhile, Sabin M. Aboitiz, AboitizPower’s chairman was appointed as lead for Private Sector Advisory Council.

SHS career pathing

GETTING our senior high students prepared to enter the work world or college is now easier than it was in the past thanks to DepEd for rolling out its K-12 program which comes with a career guidance program to help SHS students in making informed choices regarding their future career path.

The career guidance program will assist Grade 10 students make unique choices regarding their preferred SHS track. Each SHS student

must choose one track to master and base his or her choice on how he or she wants to advance after completing high school or Grade 12.

Career assessment and aptitude tests and an occupational interest inventory on the other hand will show the student’s strengths and interests. Career advocacy programs will also help and guide students in choosing the right track for themselves.

The four major tracks in the

SHS program are academic, technical/vocational/ livelihood, sports and arts and design. Since the contents of the subjects that the students will take in Grades 11 and 12 depend on their chosen career track, they must take extra care in making their choice. With proper guidance and support, the next batches of college graduates in the country can very well compete with graduates from any university in the world.

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Shopee partners with Charity Organizations to support victims of Typhoon Karding

To help the Filipinos devastated by the torrential rains and fierce winds brought about by Typhoon Karding across Central, Northern, and Southern Luzon, Shopee launches its Shopee Bayanihan: Typhoon Karding Support initiative wherein users can buy donation vouchers from Shopee’s partner charities on the app. This initiative is part of Shopee Bayanihan, the company's umbrella CSR arm that seeks to provide support for communities in need through partnerships

with various humanitarian organizations.

From September 28, 2022, to October 9, 2022, Shopee users can purchase the donation e-vouchers that will be used for water kits, health, and sanitation stations, and other essentials such as food and clothes from partner charities GMA Kapuso Foundation, Unicef, Habitat For Humanity, and Waves For Water. Users can view Typhoon Karding Support vouchers through https://shopee.ph/m/shopee-

Classroom Management and Organization Strategies

Education at all levels is built on good classroom management. A structured, encouraging, orderly, and structured environment is necessary for the best teaching and learning. The main components of classroom management tactics include the organization of the classroom, the routines and procedures that are followed, and a well-planned system of consequences. Even the most creative lesson ideas can fail in an unmanaged classroom, thus lesson planning is essential to guarantee interested, motivated, and on-task students.

Teaching is a collaboration with the pupils, not

command and control so that everyone can learn, develop, and succeed. Strong relationships between teachers and students will enable the classroom to serve as a safe space for everyone to express their emotions and collaborate. These tight bonds and mutual support between teachers and students are essential for academic achievement. To ensure that my students can quickly reach the materials they require for my lesson, I begin my classroom management strategy with a neatly ordered, properly labeled classroom layout. To encourage the kids, I set visual aids and

reminders all throughout the class. I also display the students' work in designated areas, so they feel like they belong there. To help the children and enable them to make seamless transitions between tasks, I establish routines and processes. They shift their desks and chairs, distribute books and papers, and enter and exit the classroom in a specific way. These routine chores are accomplished in my class in a timely, competitive, and enthusiastic manner. Having routines in place helps students understand exactly what is expected of them and gives them confidence in their actions.

Typhoon Karding has brought to our fellow Filipinos across Central, Northern, and Southern Luzon. Shopee remains committed to using our platform and resources to benefit the local communities we operate in. Through this initiative, we hope to support our kababayans in times of need.”

To donate to those affected by Typhoon Karding, users may:

1. Head to the microsite https://shopee.ph/m/shopeebayanihan.

2. Choose the e-voucher of your preferred charity.

3. Click “Buy Now” to purchase the donation

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Math and Science Integration

Integration Research indicates that using an interdisciplinary or integrated curriculum provides opportunities for more relevant, less fragmented, and more stimulating experiences for learners (Frykholm & Glasson, 2005; Koirala & Bowman, 2003;Jacobs, 1989). Interdisciplinary teaching depends on the way students best acquire knowledge, the important role of not only reaching students during their developmental stage but influencing the teaching of subjects, and (c) the cooperative involvement of both students and teachers planning and learning together to modify the instruction of the end product-the students (Jacobs, 1989; Antonellis & James, 1973). More and more educators are coming to realize that one of the fundamental problems in schools today is the “separate subject” or “layer cake”

approach to knowledge and skills. Often students cannot solve problems because they do not understand the context in which the problems are embedded (Frykholm & Glasson, 2005). The separate subject curriculum can be viewed as a jigsaw puzzle without any picture. If done properly, integration of math and science could bring together overlapping concepts and principles in a meaningful way and enrich the learning context.

Learning situated in such enriched (macro) contexts often lead to meaningful learning experiences.

Carefully designed interactive videos are suitable for creating real-life contexts for problem-based learning in mathematics integrated with science (Kumar and Sherwood, 1997).

The integration of math and science encompasses a number of considerations, for example, teaching math

entirely as a part of science, math as a language and tool for teaching science, or teaching science entirely as a part of math. Presently, the Division of Misamis Oriental is integrating English, Science and Mathematics (ENSCIMA) thru HOLISTIC Assessment. These three subject areas are integrated and that they are interrelated. This will also lessen the contact time in the summative test for these subjects since students are given summative tests in one setting only instead of three separate time.

As a school head, I am supporting this program of English, Science and Mathematics because this are core subjects in the academe. English, Science and Mathematics teachers were given time to sit down, and discuss the formulation of the integrated assessment tool that suits to the needs of our students in Sta. Ana SHS.

Users can donate to GMA Kapuso Foundation, Unicef, Habitat For Humanity, and Waves For Water by purchasing donation vouchers in the Shopee app bayanihan and purchase them via Shopee’s integrated mobile wallet, ShopeePay. Martin Yu, Director at Shopee Philippines, said, “We are incredibly saddened by the immense devastation that

Yield...

from page 1

needs, when it needs it, to grow optimally.

With the said system, farmers could produce higher yields while saving on water as well as fertilizers, energy and even crop protection products.

PAGRO Supervising Agriculturist Rose Susan Laquibla, in a media forum on Wednesday, Sept. 28, said that the province’s rice sufficiency level is only 18.6 percent, with the Misamis Oriental’s total population of 956,900.

“We have a low rice sufficiency level so what happens is we have to import rice from nearby provinces to address the sufficiency level,” said Laquibla.

The province of Misamis Oriental has been importing rice from the provinces of Bukidnon and Lanao del Norte, said PAGRO Rice focal person June Ratunil in a phone interview Wednesday, Sept. 28.

One of the factors of the low rice sufficiency level is the decreasing number of areas for rice production due to land conversion.

Ratunil said the province now has a total of over 2,600 hectares for rice production from over 2,700 hectares.

With the current production area, farmers can produce 4.2 metric tons (4,200 kilograms) per hectare and per harvest with the traditional way of rice planting. He said farmers can harvest twice per year.

With the drip irrigation system, Ratunil said that based on the data from NETAFIM, farmers can produce six metric tons (6,000 kilograms) per hectare and per harvest which could probably improve the rice sufficiency level in the province.

“Hopefully, with the cooperation of every

Municipal Agriculture Office and the farmers, we could increase the rice production in the province of Misamis Oriental,” Ratunil said.

PAGRO already identified the pilot areas for the said project. These include the towns of Magsaysay, Claveria, Alubijid, Naawan and the city of Gingoog.

PAGRO however is still validating the said pilot areas to determine if their two-hectare rice production needed in the implementation are suitable for the drip irrigation system.

The said project, Ratunil said, could possibly be started around the second to third quarter of 2023. (PNA)

Free... from page 1

the statement added.

“This marks the largest investment to date in the cigarette alternative category in the country and brings PMFTC a step closer to achieve its vision of a smokefree Philippines,” PMI said in a statement.

PMI’s investment is also the first major investment by a tobacco multinational in the category domestically.

“We are proud to invest in the country’s journey to finally rid society of cigarettes, by providing better alternatives to those who would otherwise continue to smoke, while helping generate revenues for the government and livelihood opportunities for the people,” said PMFTC President Denis Gorkun.

“Through PMI’s continued investment in research, development and production, we can now heat tobacco in a way that is satisfying to adult smokers. Using sophisticated electronics, IQOS precisely heats specially designed tobacco units just enough to release a flavorful nicotine-containing vapor,” Gorkun said.

In 2020, PMFTC Inc.

launched the IQOS tobacco heating system, PMI’s flagship smoke-free product, in the Philippines. IQOS devices use a patented HeatControl™ Technology that precisely heats, without burning, tobacco-filled sticks wrapped in paper called HEETS to release a water-based aerosol. Unlike cigarettes, IQOS does not burn tobacco and therefore produces no smoke and no ash.

Around the world, PMI is building a future on a new category of smoke-free products that, while not risk free, are a much better choice than continued smoking due to the elimination of combustion — the primary cause of smoking-related problems.

Locally, PMFTC is an agriculture and consumer products company by business partners LT Group of Philippine tycoon Lucio Tan and PMI.

Banks...

from page 3

BSP Governor Felipe Medalla said the central bank “remains committed to providing Filipinos with access to a range of innovative products and services supported by sound governance framework and secure and reliable digital infrastructure.”

This, as the digital financial ecosystem in the country starts to take shape, he said.

Medalla said “the prudential requirements for digital banks will strengthen the resilience of this new bank category to better absorb financial shocks and promote financial stability.”

“We are proud to take a leap forward towards a digital economy with the full operation of digital banks this year since this is seen to usher to a technology-driven and inclusive financial ecosystem that is resilient and capable

of promoting a customercentric banking experience,” he added. (PNA)

Law...

from page 3

the Interior and Local Government, Public Works and Highways, Trade and Industry, and Transportation, as well as the Public-Private Partnership Center (PPPC) which serves as a member of and secretariat to the Committee.

The revised 2022 IRR of the BOT law shall take effect on Oct. 12, 2022. Interested parties can view the revised IRR at the NEDA and PPPC websites. (PR)

Today...

from page 4

where no human in history had gone before, went on to become president of the United States: Jimmy Carter.

Remember, what we become in the future is determined by the choices we make today— and every day. We must choose to do the right thing and be our very best, no matter what the cost or risk. When that becomes our daily habit and character, then it continues to bring us greater success in life. So won’t you ask Jesus to forgive you for not living the way you know you should, and to help you start living His right, best way every day? Just think a minute…

Support...

from page 6

vouchers using ShopeePay. Typhoon Karding is the 11th tropical cyclone to hit the Philippines this 2022 affecting major areas in Central, Northern, and Southern Luzon such as Quezon, Nueva Ecija, Tarlac, and more. With Shopee Bayanihan, Shopee is committed to making e-commerce accessible for everyone by helping communities benefit from the power of digital transformation wherever

Republic of the Philippines

Local Civil Registry Office Province of Misamis Oriental MUNICIPALITY OF LAGONGLONG -oOo-

NOTICE FOR PUBLICATION

QUALIFICATIONS:

• Good knowledge of different business functions.

• Strong leadership qualities.

• Excellent communication skills.

• Strong work ethic.

• Computer literate.

• Experience in planning and budgeting.

Salary range: 35-40k per month

Notice : Any local person in Misamis Oriental who is competent, able and willing to perform the job/position may file an objection at the DOLE-RO within (30) days after publication.

In Compliance with Section 5 of R.A Act No. 9048, notice is hereby served to the public that _ ALEXIE JOSE R. UNGAB _ has filed with this Office a petition for Change of First Name from _ALIXIE_ to _ALEXIE JOSE_ in the Birth Certificate of _ALIXIE RANCES UNGAB_ who was born on _November 9, 1969 at _Lagonglong, Misamis Oriental_ and whose parents are _RAYMUNDO UNGAB_ and _NYMPHA T. RANCES.

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

they are in the Philippines.

To know more about Shopee Bayanihan: Typhoon Karding Support, visit https://shopee.ph/m/shopeebayanihan.

Help...

from page 4

of development processes but carries one collective spirit by harnessing the collective power of the Inidgenous Peoples. It is in this light that the Rotary Club of East Ca gayan de Oro has offered its assistance. President Jean S. Ong is so passion ate even to mobilize her own resources for peace to finally reign in the land of the brave and the free- Mindanao.

What is even mora amazing is when the Rotary Club througjh the amazing leadership of Ms. Jean Ong can make their IPs’ land productive, it will coun ter hunger and poverty especially the children[‘s malnutrition. Based on the data of the Food and Nutrition Institute, 85% of the Filipino children are malnou8rished, es pecially the IP children. Ms. Jean Ong’s kindness will tackle the root of malnutrition problem by

strengthening the fam ily’s capacity to provide for their food needs.

President Ong’s analy sis is correct. The In digenous Peoples are not the problem. On the contrary, they are the so lution to the problem of ecological disaster, hun ger and poverty. If only we can make their land productive which are just lying idle. Worse, we should not allow the massive “AGAW LUPA, AGAW TUBIG” of the IPs’ ancestral domain and be converted into massive plantations through corporate greed to satisfy the consumer ist needs of the people in advanced countries while we cannot even satisfy basic strapless for our hungry people such as rice and milk The time has come to empower the IPs for ecological integ rity and food security. Thank you President Jean Ong for your love and kindness to the poor and oppressed IPs. To you, our firm salute and warm embrace for hear ing the cry of the poor and of the earth – all for God’s greater glory!.

BWM: Sept. 30, & Oct. 7, 2022

EXTRAJUDICIAL SETTLEMENT OF ESTATE OF ANTONIA CABANTAC-PAGARAN WITH ADJUDICATION OF OWNERSHIP AND DONATION OF A PARCEL OF LAND

NOTICE is hereby given that the intestate estate of the late ANTONIA CABANTACPAGARAN , who died without leaving a Will nor incurred indebtedness during her lifetime and who remains the declared owner of a parcel of land which is herein described: Lot No. 1843; KOT No. CARP2017000557; T.D. No. 03001010002; containing an area of 671 sq.m., located at San Miguel, Mahinog, Camiguin, is the subject of Extrajudicial Settlement of Estate of Antonia Cabantac-Pagaran with Adjudication of Ownership and Donation of a parcel of land, under the Notarial Registry of Atty. Eduardo E. Chan, per Doc. No. 117; Page No. 24; Book No. XXI; Series of 2022.

BWM: Sept. 16,23, & 30, 2022

Qadeer Khan a Pakistani National,
Desire to apply as a General Manager in our company Jalal Trading Corporation ,located at Zone2A Igpit Opol,Misamis Oriental.
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CAGAYAN DE ORO MAIN BRANCH P & 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 CDO MAIN BRANCH P & 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

to

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 FRI-SAT | SEPTEMBER 30- OCT. 1, 20228 Congratulations
the Nominees of the 9th Mindanao Business Leaders & Entrepreneur Awards

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