BusinessWeek Mindanao (April 5-7, 2023)

MINDANAO

YOUR MINDANAO-WIDE

P15.00 Volume XIV, No. 127 Wed-Fri | April 5-7, 2023 www.businessweekmindanao.com

Market Indicators FOREX PHISIX AS OF 6:00 PM APR 4, 2023 (TUE) 6,529.99 30.31 points 0.37 cents

X X

Fuel price increase

FUEL prices went up this Holy Week starting yesterday (Tuesday) at 12:01 a.m.

In separate advisories, Caltex, Cleanfuel, Jetti, Petro Gazz, Seaoil, Shell and Unioil said they hiked gasoline prices by P1.40 per liter and diesel by P0.50 per liter.

Caltex, Seaoil and Shell also raised kerosene prices by P0.20 per liter.

Heightened alert

THE Philippine National Police (PNP) on Monday said all units have been placed on heightened alert as part of security preparations for the observance of Holy Week.

The heightened alert status took effect 8 a.m. on Sunday and will be in place until 8 a.m. on April 11, PNP officer-in-charge Lt. Gen. Rhodel Sermonia said during Monday's command conference in Camp Crame.

"The Holy Week is an annual religious event for Filipino Catholics to reflect, repent, and seek forgiveness for their sins. This period is also a time for serious atonement and religious gatherings, which can be exploited by various threat groups to launch attacks such as bombing, other forms of terrorist acts, and violent criminal acts targeting government forces," he said.

6% growth forecast

THE Asian Development Bank (ADB) keeps its 6 percent growth outlook for the Philippine economy this year but sees a faster expansion of 6.2 percent for 2024, citing the expected slowdown of domestic inflation.

In a briefing on Tuesday, ADB Philippines Country Director Kelly Bird said among the drivers for this year’s gross domestic product (GDP) include the recovery of tourism, employment and retail trade; continued rise of the manufacturing sector; and the government’s bid to further increase infrastructure investment.

However, Bird said the risks remain due in part to the sharper-than-expected slowdown in advanced economies, increased geopolitical tensions and the still elevated rate of price increases.

No shortage of power supply during summer: DLPC

DAVAO City – The Aboitizowned Davao Light and Power Co., Inc. (DLPC) assured Monday that there is enough power supply within its franchise areas during the dry season.

Rodger Velasco, president and chief operating officer of DLPC, said their franchise areas will not experience power shortages in the coming months.

DLPC's franchise coverage includes Davao City, areas in Panabo City, and the municipalities of Carmen, Dujali, and Santo Tomas in Davao del Norte.

He noted that the Wholesale Electricity Spot Market (WESM) in Mindanao is made available when they fall short of supply from their sources.

As for the power supply in Mindanao, Velasco bared that about 3,000 megawatts (MW) are currently available, with total consumption of only 2,000 MW.

“It’s giving us at least 1,000 excess capacity, so the whole of Mindanao is also safe in supply,” he said, adding that it has pulled down the buying price of electricity.

By MYRNA M. VELASCO Contributor

“We have a plan - the plan is for concession agreement,” PSALM President Edward Dennis A. Dela Serna told reporters, adding that the template they are eyeing is the 25-year deal that was first carried out for the country’s power transmission assets.One possibility being explored by the company is to have not just one, but at least two concessionaires because the Agus plants 1 and 2 are sited within the jurisdiction of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), hence, that portion of the facility may be awarded to a separate concessionaire.

“It can be one

SoKot program to aid Davao durian farmers

DURIAN farmers in Davao City has got the necessary help from a program funded by the Korea International Cooperation Agency (KOICA).

The program intends

to assist durian farmers in increasing harvests and ensuring their sustainability, while provide value chain training in preparation for eventual exports to South Korea.

Cho Buyoung, country director of the nongovernment organization Center for Asian Mission for the Poor, said the project is part of the South Korean

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

“Davao will not experience any shortages in the coming months, especially during the summer months. Meaning, we’re safe (from power outages),” he said in a press briefing here.

DLPC has enough supply contracts to serve its customers in the summer months due to their bilateral contracts with the base load, Velasco said

Still, Velasco made it clear that emergency interruptions may still occur, often caused by foreign objects perching their lines or damaged posts beyond the company's control.

Earlier, Velasco announced that DLPC has brought down electricity rates by 38 centavos per kilowatt-hour in March due to the abundant power supply in Mindanao island and of the WESM. (PNA)

BACKYARD VANILLA. A portion of the backyard farm of Melvin Awid, where he propagates vanilla. Photo courtesy of Juanito Awid

S

tate-run Power Sector Assets and Liabilities Management Corporation (PSALM) is planning to pursue 25-year concession arrangement under the privatization plan of the 932-megawatt Agus-Pulangui hydropower facilities in the Mindanao grid.

Manobo clan leaders declare mining exec persona non grata

ZAMBOANGA City –

A group of the Manobo tribe, through a resolution, has declared the former president of Philsaga Mining Corp. (PMC) persona nongrata in their ancestral land, where the PMC operates, in Agusan del Sur.

The clan leaders of the Manobo tribe belonging to the Rodrigo Clan –Maryjane Rodrigo-Hallasgo and Amatorio Rodrigo – led the signing of a resolution dated March 29, 2023, declaring former PMC president lawyer Raul Villanueva persona non grata on their ancestral land in Barangay San Andres,

Bunawan, Agusan del Sur.

The Rodrigo clan is the holder of the certificate of the ancestral domain title (CADT) in Barangay San Andres Bunawan, where the PMC is mining.

The leaders of the Rodrigo clan said Villanueva, during his stint as PMC president, allegedly “allowed the release of the royalty share to CADT 136 leaders despite our opposition, which jeopardized our rights as the rightful claimants of the area where the mining activities are conducted.”

They also accused Villanueva of not exercising due diligence “in allowing

the release of the royalty share, which caused strife and division among the Manobo tribe in Bunawan, Agusan del Sur.”

The Rodrigo clan recently learned that the Australian mining company, Ten SixtyFour that owned PMC, has terminated the employment of Villanueva effective Feb. 15, 2023.

Ten Sixty-Four recently announced and reiterated that they still have 100 percent legal control of operating subsidiaries, including PMC and Mindanao Mineral Processing and Refining Corp.

It assured that PMC remains well funded with more than $40 million readily available for working capital requirements.

This includes the funding of community and social programs, which remain an ongoing priority for the company. (PNA)

EXTRAJUDICIAL SETTLEMENT AND PARTITION OF THE ESTATE OF EMELITO J. MAQUIÑO WITH AGREEMENT TO SELL

KNOW ALL MEN BY THESE PRESENTS:

This EXTRA JUDICIAL SETTLEMENT OF STATE made and executed in the City of Cagayan de Oro by and between the following:

HEIRS OF LATE MARIO JADAP , namely:

MARIVEL P. JADAP , of legal age, Filipino, widow, and a resident of Cagayan de Oro City;

CYRUS CLENT P. JADAP , of legal age, Filipino, and a resident of Cagayan de Oro City;

ANNVOUGAINVEL JADAP-BACAYANA , of legal age, Filipino, and a resident of Cagayan de Oro City; FRITZEL JADE P. JADAP of legal age, Filipino, and a resident of Cagayan de Oro City; WITNESSETH:

That the above-named parties are the sole and exclusive heirs of LATE MARIO JADAP who died on March 27, 2014 in Cagayan de Oro City;

That the deceased died intestate, without will or testament, and without any outstanding debts in favor of any person or entity;

That during the lifetime of the deceased he is the absolute lawful owner of one building located at Zone 4, Bonbon, Cagayan de Oro City with Tax Declaration No. G-082029 named owners as Spouses Mario and Maribel Jadap;

That the HEIRS herein are the only forced heirs of the said decedent;

That we, the heirs of the deceased hereby by this instrument adjudicate unto ourselves the abovedescribed building in the manner provided and mandated by the pertinent laws of Succession;

That the provision of New Civil Code of the Philippines particularly Articles 1621-1623 had been already complied with;

WITNESS WHEREOF , the parties hereto have affixed their signatures this 21 MAR 2023 at Cagayan de Oro City.

Notice is hereby given that the late Emelito J. Marquiño died on July 6, 2021 at Polymedic Medical Plaza, Kauswagan, Cagayan de Oro City; Whereas, the decedent died intestate, without a will or testament, and without debts outstanding in favor of any person or entity; Whereas, a separate extrajudicial settlement has already been made for the estate of VIRGINIA REYES MARQUIÑO; Whereas upon his death, left interest in the following properties: A.) Conjugal (1/2) Share in a residential house and lot when he was married to VIRGINIA REYES MARQUIÑO who predeceased him (A separate Extrajudicial Settlement has been executed by the proper heirs) herein referred to as "Interest in Property A" : A PARCEL OF LAND situated in the Barrio of Carmen, City of Cagayan de Oro, Province of xx Island of Mindanao containing an area of NINE HUNDRED FIFTY (950) square meters more or less. B.) Conjugal (1/2) Share in the residential house and lot in the property when he was married to his second spouse LOLITA L. BAUTISTA-MARQUIÑO, one of the heirs hereof, herein referred to as "Interest in Property B" : A PARCEL OF LAND situated in Patag, Cagayan de Oro City containing an area of ONE HUNDRED TWENTY (120) square meters more or less are the subject of EXTRAJUDICIAL SETTLEMENT AND PARTITION OF THE ESTATE OF EMELITO J. MAQUIÑO WITH AGREEMENT TO SELL. WHEREAS, pursuant to Rule 74, Sec. 1 of the Revised Rules of Court of the Philippines, and being with full capacity to contract, we do hereby adjudicate unto ourselves the parcels of land described above with all the buildings and improvements in accordance with the following partition:

1. Interest in Property "A" shall belong in equal and pro indiviso shares to PAULO REYES MARQUIÑO and LYNDON REYES MARQUIÑO only;

2. Interest in Property "B" shall belong in equal and pro indiviso shares to all of the heirs; For this purpose, LOLITA L. BAUTISTA-MARQUIÑO hereby waives and abandons her right consisting of twenty percentum (22%) or 209 square meters in Property "A" Her signature signifies her informed consent and that she understood that she may no longer recover her interest in said property. AS TO THE AGREEMENT TO SELL: WHEREAS, SPOUSES EMELITO J. MARQUIÑO and LOLITA L. BAUTISTA-MARQUIÑO have no children of their own and the property "B" is their family home and she cannot be ousted from their family home without her consent in ten years as provided by law; however, PAULO REYES and LYNDON REYES wishes to receive their shares in advance. NOW THEREFORE, the parties hereby agree to sell Property "B", the proceeds of which if and when said property will be sold shall be divided as follows:

1.

LOLITA L. BAUTISTA-MARQUIÑO shall have sixty six percentum (66%) of the proceeds representing, her conjugal share and her inheritance in property "B";

2. PAULO REYES MARQUIÑO shall have seventeen percentum (17%) of the proceeds representing, his share of the inheritance; 3. LYNDON REYES MARQUIÑO shall have seventeen percentum (17%) of the proceeds representing, his share of the inheritance; For this purpose, LOLITA L. BAUTISTA-MARQUIÑO hereby waives and abandons her right to live and occupy the family home. Her signature also signifies her informed consent. Her signature also signifies that's he understood that she understood that she may no longer avail to live within the premises of the family home so that property "B" may be sold with ease. This ExtraJudicial Settlement is entered into by and between the Heirs of Emelito J. Marquiño namely: The Surviving spouse: LOLITA BAUTISTA-MARQUIÑO and the Legitimate children, PAULO REYES

and LYNDON REYES

Expert cites need for new tax measures to lift revenues

AN economist has cited the immediate need for additional tax reform measures to boost government revenues, which contracted in February. Data released by the Bureau of the Treasury on Monday showed that government revenues went down by 0.25 percent in the second month this year to P211.9 billion party due to the 5.29 percent year-on-year drop to P192.3 billion in the Bureau of Internal Revenue collections. Revenues of the Bureau of Customs rose by 5.83 percent to P62.9 billion, which boosted state tax collections for the month, Rizal Commercial Banking Corporation chief economist Michael Ricafort said. On the other hand, government spending was little changed after rising by 0.01 percent to P318.2 billion in February. This resulted in a budget gap of P106.4 billion in the second month this year, 0.54 percent higher than P105.8 billion last year. In the

first two months this year, government revenues inched up by 14.18 percent annually to P490.5 billion, higher than the 0.16-percent rise in expenditures to P620.7 billion. Budget deficit as of end-February this year contracted by 53.07 percent to P60.6 billion. “Higher prices/inflation and higher interest rates/borrowing cost may have adversely affected tax revenue collections of the government and could have also increased the government’s overall expenditures, thereby leading to wider budget deficits that could fundamentally add to the government’s overall debt,” Ricafort said. He thus highlighted the need to introduce and implement more tax reform programs “to further boost/intensify tax revenue collections through new/ higher taxes.” Ricafort said intensified tax collections from existing tax laws and a more disciplined fiscal spending will “help further improve the country’s fiscal

performance and help achieve more sustainable debt management for the coming years/ generations.” He said new tax measures are also expected to bring down the government’s debt-to-gross domestic product ratio below the 60-percent international standards “to help sustain the country’s favorable credit ratings of 1-3 notches above the minimum investment grade.” “For the coming months, there is still a chance for narrower budget deficit or even a budget surplus during the tax collection season towards April 2023 amid further reopening of the economy towards greater normalcy with no more restrictions recently and as a policy priority going forward, thereby leading to increased sales, profits/incomes, employment, livelihood, and other business/economic activities that fundamentally increase the government’s tax collections,” he added.

(PNA)

ADB keeps 6% growth forecast for PH this year

THE Asian Development Bank (ADB) keeps its 6 percent growth outlook for the Philippine economy this year but sees a faster expansion of 6.2 percent for 2024, citing the expected slowdown of domestic inflation. In a briefing on Tuesday, ADB Philippines

Country Director Kelly Bird said among the drivers for this year’s gross domestic product (GDP) include the recovery of tourism, employment and retail trade; continued rise of the manufacturing sector; and the government’s bid to further increase

infrastructure investment. However, Bird said the risks remain due in part to the sharperthan-expected slowdown in advanced economies, increased geopolitical tensions and the still elevated rate of price increases. He

Moody’s Analytics sees PH’s March inflation at 8.4%

MOODY Analytics expects domestic inflation rate to have slowed to 8.4 percent last March from 8.6 percent in February partly on the decline of global oil prices and recovery of crop harvests. Moody’s Analytics economist Sarah

Tan told the Philippine News Agency (PNA) that while the drop in oil prices and improvement in supply of some agricultural products have improved relative to the situation last year, “prices of key food items and utility bills are keeping inflation

hot.” “The almost twofold year-on-year increase in prices of red onions, a staple in Filipino cuisine, are getting households tearyeyed. Further, households are starting to bear the brunt of higher electricity

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463-826-272-000 – VAT. Reg., and with Business Permit No. 2020-04015. Tel. Nos.: (088)856-3344, (088) 810-100, 0923-4320687, 0917-7121424

Website: www.businessweekmindanao.com

E-mail : businessweekmindanao@gmail.com

BUSINESSWEEK MINDANAO CORPORATION Publisher

DANTE M. SUDARIA President/CEO

ALLAN MARIO MEDIANTE Vice President for Corporate Affairs

RUFINO T. MAGBANUA Vice President for Business Development

NECART HALASAN Vice President for Operations

JOE FELICILDA Vice President for Administration

ROSE MARY D. SUDARIA, P h D Vice President for Finance 09061854079, 09267904299

DANNYCAROSE SUDARIA-HALASAN Marketing Manager 09360462356

MIKE BAÑOS Vice President for Digital

NELSON CONSTANTINO

Editor-in-Chief

MIKE BAÑOS

Motoring Editor

CRIS DIAZ

Contributing

Editors

ATTY. ANTONIO S. SORIANO

2f, ICS Building Tel.No.: 881-0176

Tiano cor. Montalvan sts. Legal Counsel

ATTY. MARIO T. JUNI

Cell No: 09352379999 Juni Law Office Cruz Taal St., CDO Legal Counsel

Defining What Development Is!

No to Xavier University’s Commercialization

CHRIS PANGANIBAN Regional Editor - Caraga

JOEL ESCOL Feature Editor

richard s. lagunda

Justin Clyde Benedict D. Domingo Layout Artist

Advertising IRENE DOMINGO-BANTOL

MANILA OFFICE: 9th Floor, Unit 918, CityLand Herrera VA Rufino Cor. Valero St., Salcedo Village, Makati City

CECILIA FRESNIDO-HONRADE - New Marketing Manager

DAVAO BUREAU

Door 223, Doña Segunda Bldg., CM Recto Ave., Davao City Telephone #: (082) 298-8815

NORMA PACHECO, 0919-097-9024

ILIGAN- ALONA SUDARIA, 0916-292-1931

OSCAR LEDESMA Bureau Chief, Bukidnon Contact No.: 0905-692-5925

Member:

Philippine Press Institute Oro Chamber

Money Mentality Part 1

Think a minute . . . Not long ago a woman was on trial for the murder of her husband. She told police that she shot and killed her husband after they argued about money. Hopefully it never reaches such a tragic end as this. But money is one of the biggest battlegrounds in marriage. Different thinking, values, and habits with money between a husband and wife can separate, even destroy, their relationship and family. Today and tomorrow we will discuss how to better manage our money and different money mentalities, so we can enjoy true peace and prosperity in our marriage.

First, we need to understand that our arguments about money are often not really about money, but about our other problems which are deeper. For example, if the husband or wife spends money impulsively, it shows that they will tend to impulsively get what they want in other areas also. They will selfishly do what they feel like doing, instead of making decisions together with their wife or husband for the good of their marriage and children.

Our money and possessions mean more than just those things we buy. For example,

We, the Concerned Parents, Teachers, Alumni & Communities (COPTAC) are one in strongly opposing the sale of Xavier University to Cebu Landmasters Inc. (CLI) that will commercialize the university and its cultural heritage in the name of development. Development is a much-abused term. Everything is done in the name of development and everyone claims to be doing that, yet, the day-to-day life of the people speaks that it is not so. To explain COPTAC’s opposition to the XU-CLI development project, let us look back to the 1970s - 1980s, the Martial Law period, when two mega projects were proposed, started, and eventually shelved for reasons that are relevant to the XU-CLI contract.

The Chico River Dam development project in the Mountain Province, funded by IMF-World Bank, was well intentioned in that it aimed at generating hydroelectric power when the global price of oil was sky-high. From the very start, however, the Kalinga communities were opposed to the dam as it would have submerged several barrios, families would have been deprived of their homes, and farmlands would have been inundated. And most importantly, the dam would have destroyed burial grounds sacred to the Kalinga religious life. The land was significant to their religious beliefs and systems of relationships among the tribes and communities. The government met the resistance with force that led to murder in 1980 of Macli-

THINK A MINUTE

JHAN TIAFAU HURST

a car is just a way to take ourselves from one place to another; but many people buy a more expensive car to try to show how successful they are, even if they cannot afford it. So their spouse and children end up not having other more important things they need in life. Remember, “A fool can make money, but it takes a wise man to spend it.”

Sadly, “Some people are in debt because they keep spending what they want their friends to think they make.”

Today maybe you realize you need to start changing your money mentality and ways of spending. As the old song says: “Change your mentality. Wake up to reality.” In fact, the Bible talks more about money than it does about prayer and

ing Dulag, the leader of the resistance. A few years later, the Marcos government and the World Bank abandoned the project.

While it might seem that the unceremonious digging up of the burial ground in Manresa is not comparable to the Chico River Dam project, it is nonetheless consequential. Both projects stem from the same set of values – development at all cost, regardless of consequences to spirituality and ecology. The act engendered mistrust, especially among alumni, of people behind the XUCLI contract. If the graves of respected Jesuit pioneers could be so easily dispensed with, what would happen to the vision of spirituality and teachings of these pioneers? Given this precedence, it is not hard to foresee that decisions prioritizing profits for stockholders would prevail over those of service to the poor and the marginalized.

Another project from which we can learn is the Bataan Nuclear Power Plant (BNPP) that was proposed with similar objective of responding to the 1973 oil crisis. The BNPP was duly constructed but has not at all produced even a single watt of electricity, as it is located in an earthquake zone, and thus, deemed to be a threat to public health. Why has such a mega project neglected to assess the location? Might it be that the hastiness of the development together with the prospects of big money and profit blinded the developers to its potential dangers? The enormous cost of BNPP at

some two and a half billion dollars became the country’s heavy debt obligation, with the Philippine Government paying for interest alone a yearly amount bigger than the annual budget of the health department.

The BNPP provides a cautionary tale to the XUCLI that, according to the COPTAC analysis, minimizes the impact of the planned high-rise buildings on the Manresa environment. In its haste, it looks like XU-CLI is working to fast track the approval of environmental governmental agencies, when what is needed is a serious examination of studies done pointing to the fragility of the Manresa ridge. It would be less costly to do this now than to mitigate damages to people and to structures later when plans go awry.

While we focused on these two mega projects, we actually need not look far to see how the word development has been mangled beyond recognition. The loggers have decimated our forests in Mindanao, industries have treated the bays as their “waste pits,” costly agricultural technologies tied-up to the use of heavy chemicals promoted, mangroves destroyed to give way to structures – all in the name of development. That kind of development promoted through corporate globalization has sacrificed mother earth and the people for profit.

We must advance a kind of development that is holistic, pro-people, communitybased and with popular participation. It is one that

puts man at the center and in the mainstream of the processes. The United Nations has defined development as the “full development of human potentials, the expansion of choices and opportunities. For development to be such, it must pass a three-way test: First; is it ecologically sustainable? Second, does it benefit the people? And, third, does it have people’s participation? Unless the three criteria are satisfied, no development can take place, only mal-development.

Xavier University, please take a look again as to whether the plan in constructing the CLI Campus of the Future meets these three development criteria. It looks like certain people, especially those who are in the side of businesses, would benefit from the project. But does that qualify as meeting the second criterion? What seems clear is that the CLI project does not meet the first and third criteria. The adverse consequences on the environment do not seem to be of great concern to CLI. And, to answer the third criterion, one need only look at the letter to COPTAC from the

Water to irrigate our farms year-round

With the oncoming El Niño season , which is expected to adversely affect water supply both for drinking and irrigation, President Bongbong Marcos’ recent announcement could not have come at a better time.

PBBM approved the creation of a Water Resource Management Office which will be tasked to manage the country’s precious water resources. The WRMO will be established under the DENR and serve as a temporary body while the Water Resources Department is being created.

“The WRMO’s main functions include formulating and ensuring the implementation of the Integrated Water Management Plan (IWMP), which will integrate various plans of different agencies,” according to the Presidential Communication Office.

Commenting on the current water supply management, PBBM lamented: “We have sufficient… there’s enough water in the Philippines…. hindi lang natin ginagamit, tinatapon natin.”

With this latest development, perhaps it is opportune for water

resource expert Oscar I. Violago (OIV) to follow up his proposal which was submitted to PBBM in a letter dated February 20, 2023.

Violago was the prime mover behind the $670-million Casecnan hydroelectric and irrigation project under a buildoperate-transfer agreement with the government. The Casecnan multipurpose project collects water from the Casecnan and Taan Rivers. The water is then transported through a 16mile tunnel towards the Pantabangan reservoir. It provides about 150 megawatts of electricity and irrigates 350,000 hectares of farmland.

More recently, Violago’s joint venture company with business tycoon Enrique Razon inaugurated the Tayabasan weir, the first phase of Wawa bulk water supply project. Initially, the Tayabasan weir will deliver 80 MLD of raw water supply. Once the high dam is completed, another 500MLD to 750MLD will be delivered to Metro Manila consumers.

What is OIV proposing this time? In a nutshell, the proposal calls for a

nationwide installation of solar powered irrigation systems. The objective: “to make water available to our farmers throughout the year. Without water during the dry season, our farmers will remain hopeless and helpless. We will forever be importing rice, subsidizing foreign farmers in the process.”

Quoting Director Gina P. Nilo of the Bureau of Soils and Water Management, Violago says there are around 3.5 million hectares of shallow wells in the Philippines. As a starter, Violago proposes to irrigate 1 million hectares.

Who can execute the project? Foreign governments like The Netherlands, Japan, Singapore, South Korea, the USA and Israel all have the necessary expertise to do it. “Israel has offered the Philippines to build solar irrigation with shallow wells, payable within years on a governmentto-government basis at the present cost of P150,000 per hectare. For 1 million hectares, this translates to a yearly average amortization of P12 billion for 12 years.

“The cost is nothing compared to our rice

importation per year”, Violago asserts. “Last year alone, it was P80 billion.” “At 1 million hectares, we will already be food selfsufficient and the farmers will become rich. This will create a multiplier effect in our economy because they will buy more food, clothing, shelter, better education for their children, making us a wealthy nation. At 2 million hectares and bigger, we will become exporters of rice, corn, vegetables, making us even richer. Our animal industry will be fed by our corn production, allowing us to have lower prices for our meat, cattle, chicken and eggs. So, instead of becoming an importer, we will become a big exporter.” Good luck, OIV, on your proposal. May the Force be with you!

ORLAN R. RAVANERA

PH manufacturing score in March 3rd highest in ASEAN

THE S&P Global Philippines Manufacturing Purchasing Managers’ Index (PMI) reported that the country’s manufacturing sector continued to post improvement in March with a score of 52.5, the third highest in Association of Southeast Asian Nations (ASEAN) region.

In its report released Monday, the country’s manufacturing PMI last month was slightly lower than the 52.7 index in February this year.

S&P Global said despite the slowdown in manufacturing score, the domestic sector still indicated a historically strong improvement in operating conditions.

“The first quarter of 2023 concluded on a solid note, with a further expansion reported across the Filipino manufacturing sector, according to the latest PMI data. Both output and new orders rose at historically strong rates,” S&P Global Market Intelligence economist Maryam Baluch said.

Baluch said firms raised their purchasing activity to keep up with the increasing sales.

“However, operating conditions improved at the slowest pace in seven months partly due to the softer rise in production and stocks of purchases, and with a second month of job shedding

EXTRAJUDICIAL SETTLEMENT OF ESTATE

Notice is hereby given that the late ALFREDO LUNDAY SUCDA, who died on December 22, 2006 in Valencia City Bukidnon; THAT, ALFREDO LUNDAY SUCDA , is the sole heir of Property owned by Spouses TOMAS LIGWATAN SUCDA who died on JULY 07, 1995 in Valencia City, Bukidnon; That, we are the legitimate and sole heirs of ALFREDO LUNDAY SUCDA and Spouses TOMAS LIGWATAN SUCDA/BEATRIZ LUNDAY SUCDA; THAT, said deceased died without any will or testament and without any outstanding debts in favor of any person or entity; THAT, said deceased, at the time of their death, left a certain real property, situated in Valencia City with TCT NO. T-7836 and more particularly described as follows, to wit: A parcel of Land (PSU-6569), situated in the Barrio of Valencia. Mun. of Malaybalay, Province of Bukidnon, Island of Mindanao, containing an area of TWO HUNDRED THIRTY

NINE THOUSAND EIGHT HUNDRED

EIGHTY THREE (239,883) SQUARE

METERS, more or less is the subject of

EXTRAJUDICIAL SETTLEMENT OF ESTATE. Made and entered into this

__ day of 2023 by and among: SERINA

MANHINAMON SUCDA , of legal age, Filipino, widow, and with residence and postal address at Purok-5, Mailag, Valencia City, Bukidnon; EVELYN

BEDRO SUCDA , of legal age, Filipino, married, and with residence and postal address Purok-5, Mailag, Valencia City, Bukidnon; JOEBEN

MANHINAMON SUCDA , of legal age, Filipino, married, and with residence and postal address Purok-5, Mailag, Valencia City, Bukidnon; LEMUEL

MANHINAMON SUCDA , of legal age, Filipino, married, and with residence and postal address Purok-5, Mailag, Valencia City, Bukidnon; DENNIS

MANHINAMON SUCDA , of legal age, Filipino, married, and with residence and postal address Purok-5, Mailag, Valencia City, Bukidnon as per Doc. No. 424; Page No. 86; Book No. 111; Series of 2023. Under the Notarial Registry of ATTY. EDUARDO M. ANERDEZ JR.

5 &12, 2023

weighing on the headline index,” she added.

The PMI report also noted that inflationary pressure among factories softened in March but shortages in raw materials, higher energy prices and delays in delivery have kept operating costs elevated.

“Despite a slight slowdown, March data revealed pressures on inflation and supply chains easing. Operating expenses rose at the slowest pace in 27 months, while the incidence of delays was among the weakest since the current sequence of deterioration in vendor performance began in August 2019,” Baluch said.

Meanwhile, the report said Philippine-based manufacturing companies were optimistic in their output growth for the next 12 months.

“Business confidence across the sector remained upbeat, as strong demand conditions buoyed optimism in the outlook for future output,” Baluch added.

The manufacturing PMI measures the health of the sector by giving a score of above 50 to improving manufacturing conditions, while scores below 50 reflect deterioration of the sector. (PNA)

EXTRA-JUDICIAL PARTITION OF ESTATE WITH WAIVER OF RIGHTS

Notice is hereby given that the late BENJAMIN BASALO NERI died on December 18, 2011 intestate in Cagayan de Oro de Oro City, leaving a certain real property situated in Poblacion, City of Cagayan de Oro, covered by Transfer Certificate of Title No. T-57916 issued by the Registry of Deeds of Cagayan de Oro City and more particularly described as follows: A parcel, of land (Lot 422-J3, Psd-10-002584, being a portion of Lot 422-J, (LCR) Psd-30908) situated in the Poblacion, City of Cagayan de Oro, Island of Mindanao. Containing an area of EIGHTY EIGHT (88) SQUARE METERS, more or less; is the subject of EXTRA-JUDICIAL PARTITION OF ESTATE WITH WAIVER OF RIGHTS.

Envoy: UK’s new trading scheme to cover more tariff lines

UNITED Kingdom’s Developing Countries

Trading Schemes (DCTS), a new trading scheme launched by the British government, will cover more tariff lines than the current UK Generalised Scheme of Preferences (GSP) and the European Union GSP Plus (EU GSP+), the British envoy here said.

British Ambassador to the Philippines Laure Beaufils told reporters over the weekend that under the DCTS, more products from developing countries will be treated with zero tariffs upon entering the UK market.

“The DCTS was developed after quite a lot of consultation, including in the Philippines, to really learn from GSP+ and think about what works well and what can we do even better.

So, in many ways, it is

EXTRA-JUDICIAL PARTITION WITH DEED OF SALE

the top best of its class,” Beaufils said in an interview following the visit of UK Minister for Indo-Pacific Anne-Marie Trevelyan here on March 30 and 31.

The DCTS was announced by the UK in 2022 and it targets to implement the new trading scheme this year.

Under the DCTS, the British government eyes to include 65 developing countries from the different parts of the world -- 37 from Africa, 18 from Asia, eight from Oceania, and two from the Americas.

When the UK was still part of the EU, 6,274 products from the Philippines enter the EU market at zero tariff through the EU GSP+.

After the UK withdrawal

Extrajudicial Settlement of Estate of Errol John J. Reyes

from the European Union in January 2020, the British government is implementing the UK GSP to transition the trading benefits for developing countries from EU GSP+ to DCTS.

The British Embassy here earlier said the DCTS will further boost trade between the UK and the Philippines, which is currently at 2 billion euros annually.

“The DCTS has made improvements on rules of origins, for example, or that has added new

EXTRAJUDICIAL PARTITION with DEED OF SALE

product lines, so it’s really going to be benefitting Filipino exporters to the UK in particular and the vast majority of Filipino exporters will find that they can benefit from DCTS,” Beaufils added. (PNA)

EXTRA JUDICIAL SETTLEMENT WITH DEED OF SALE OF A PORTION OF LAND.

WHEREAS, the parties hereto are, the surviving heirs of the decedent entitled to succeed to his estate being his wife and children; WHEREAS, there are no known debts or obligation due against the estate of said decedent; and WHEREAS, it is to the best interest of the parties hereto to divide, partition and adjudicate between/among themselves the entire share of the decedent, more particularly of the above-described property extrajudicially in the manner and form hereinafter set forth; That we, JOSEFINA L. NERI and HAZEL ANN NERI by these presents do hereby forever relinquish and waive unto and in favor of LOU NERI any and all of our rights to, ownership, interest and participation over the above-described property. That we hereby affirm and confirm the same to be the rightful share of said LOU NERI in the estate left to us by the late Benjamin B. Neri. Made and entered into in the City of Cagayan de Oro, Philippines, by and among:

1. JOSEFINA LABRADORES

NERI, of legal age, widow, Filipino, and a resident of 43 Corrales Avenue, Neri Compound, Cagayan de Oro City; 2. HAZEL ANN NERI of legal age, single, Filipino, and a resident of 125 Libra St., Pag-Ibig Homes, Catalunan, Grande, Davao City; and 3. LOU NERI of legal age, single, Filipino, and a resident of 43 Corrales Avenue, Neri Compound, Cagayan de Oro City;

Notice is hereby given that the late SPS. RENATO D. VACALARES, who died intestate on 20th day of March, 2003; and ROSITA M. VACALARES, who died intestate on 6th day of March, 1995 all at Igpit, Opol, Misamis Oriental. That to the of my best knowledge and information the deceased left no will and no known debts witch remain unpaid whatsoever. That the deceased at the time of his death left a parcel of land and portion of it was the subject of the sale and more particularly described as follows to wit; TCT No. T-22731 A PARCEL OF LAND, situated in the Barrio of Igpit, Opol, Misamis Oriental, Island of Mindanao. Containing an ares of ONE HUNDRED THIRTY SIX (136) SQUARE, METERS more or less is the subject of EXTRA-JUDICIAL PARTITION WITH DEED OF SALE. That by virtue of Rule 74, Section 1, Rules of Court, we hereby divide, adjudicate and partition among ourselves in pro idiviso equal shares the entire estate above described; DEED OF ABSOLUTE SALE That for and in consideration of the sum of ONE HINDRED TWENTY FIVE THOUSAND (P125,000.00) PESOS, Philippine currency, receipt in full in hereby acknowledged from the Vendee, we hersby CEDE, SELL, TRANSFER and CONVEY as by these presents, do hereby CEDED, SOLD, TRANSFERRED and CONVEYED the above-described parcel of land unto and infavor to said Vendee, his heirs and assigns, free from all liens and encumbrances, whatsoever. That we, HEIRS OF SPS. RENATO nad ROSITA M. VACALARES, namely: REMBERT M. VACALARES of legal age, married, Filipino and resident of Igpit, Opol, Misamis Oriental, LUCIL V. ACAPULCO, of legal, married, Filipino and JUDEL V. CABACTULAN, of legal age, married, Filipino and residents of Kauswagan, Cagayan de Oro City; referred to as the HEIRS-VENDORS; and I MARILOU DAMULO DAAYATA, of legal age, married Filipino and a resident of Igpit, Opol, Misamis Oriental, reffered to as the VENDEE, after being duly sworn, hereby, MANIFEST : That we are the only, sole, legitimate and surviving leagal heirs of thelate SPS. RENATO

Notice is hereby given that the late Errol John J. Reyes who died intestate and without issue on 28 February 2022 in Cagayan de Oro City. Whereas Errol John J. Reyes is one of the legitimate heirs of Rosalinda J. Reyes who is one of the children of Rizalino N. Jacutin who died in Cagayan de Oro City without issue and intestate on 10 June 1978 while Pastora M. Jacutin also died without issue and intestate on 22 March 2001. Whereas Errol John J. Reyes as well as his grandparents Rizalino N. Jacutin and Pastora M. Jacutin, at the time of his death, left aliquot portions emanating from three parcels of land more particularly described as follows:

1. Lot No. 19038, situated in Barangay Tablon, Cagayan de Oro City containing an area of 106,036 square meters, more or less, embraced in Original Certificate of Title No. P-758, Free Patent No. 424267 of Registry of Deeds for Cagayan de Oro City. 2. Lot No. 866, Bsd-7124, situated in Libona, Bukidnon containing an area of 55,710 square meters more or less, embraced in Original Certificate of Title No. P-57, Homestead Patent No. V-3494 of the Registry of Deeds for Bukidnon. 3. Lot 22027 formerly Lot 19150-C, CAD 369D, situated in Tablon, Cagayan de Oro City containing an area of 349 square meters, more or less, covered by Tax Declaration No. G-032198 issued by the City Assessor’s Office of Cagayan de Oro City are the subject of Extrajudicial Settlement of Estate of Errol John J. Reyes. Whereas, Errol John J. Reyes, at the time of his death, left a building situated in Tablon, Cagayan de Oro City registered and tax declared in his name under TD No. G-289523. Made and executed by: The Heirs of Errol John J. Reyes, namely: Perla G. Reyes, of legal age, Filipino, widow and a resident of Purok 6, Tablon, Cagayan de Oro City; Ace Augustine G. Reyes, of legal age, Filipino, married and a resident of Purok 6, Tablon, Cagayan de Oro City; Earl John G. Reyes, of legal age, Filipino, single, and a resident of Purok 6, Tablon, Cagayan de Oro City; Arc Anthony G. Reyes, of legal age, Filipino, single, and a resident of Purok 6, Tablon, Cagayan de Oro City; and Azalea Theresa G. Reyes, of legal age, Filipino, single and a resident of Purok 6, Tablon, Cagayan de Oro City as per Doc No.183; Book No. 28; Page No. 37; Series of 2023. Under the Notarial Registry of ATTY. ROBERT W. RAYPON.

BWM Mar 29, Apr 5 &12, 2023

Notice is hereby given that the late SEGUNDO LIG-ANG who died on October 28, 2001 at Balingasag, Misamis Oriental and ROSA BACORRO who died on _______ at _______intestate, without Will or Testament and without any outstanding debts in favor of any person or entity. That deceased SPOUSES SEGUNDO LIG-ANG and ROSA BACORRO left the following parcels of land, most particularly described as: A parcel of agricultural land, Lot No. 2756, Cad. 507, covered under ORIGINAL CERTIFICATE OF TITLE No. P-14845 registered under the name of SEGUNDO LIG-ANG located in Barangay Napaliran, Balingasag, Misamis Oriental, Containing an area of 12,867 square meters.AND - A parcel of land, Lot No, 2765, Cad. 507, covered under ORIGINAL CERTIFICATE OF TITLE No: P-14846 registered under the name of SEGUNDO LIG-ANG located in Barangay Napaliran, Balingasag, Misamis Oriental, Containing an area of 1641 square meters is the subject of EXTRAJUDICIAL PARTITION with DEED OF SALE. That FOR AND IN CONSIDERATION OF THE SUM OF ONE HUNDRED FIFTY THOUSAND PESOS (Php 150,000.00) Philippine Currency to us in hand paid in full by GRACE B. LAGAT of legal age, single, Filipino Citizen and resident of Napaliran, Balingasag, Misamis Oriental. DO HEREBY SELLS, TRANSFERS, and CONVEYS by way of Absolute Sale unto the abovementioned vendee, her heirs and assigns absolutely and in an irrevocable manner of the abovedescribed property. That this property does not fall under the provisions of R.A 3844 or the Presidential Decree on Land Reform. That the partitioners hereby warrant their title over the property above-described, with full right to dispose of the same, free from all liens and encumbrances of any kind whatsoever, and that henceforth, full right of ownership and possession shall pertain to the vendee; We, HEIRS OF SPOUSES SEGUNDO LIG-ANG and ROSA BACORRO, namely: 1. BELEN L. CUERQUEZ (DECEASED) herein represented by: KATHRYN ROSE LIG-ANG CUERQUEZ of legal age, Filipino Citizen, single and a resident of Napaliran, Balingasag, Misamis Oriental; 2. FRANKLIN B. LIG-ANG (DECEASED) herein represented by: SHAMIA GWEN L. PETALVER of legal age, Filipino Citizen, married and a resident Napaliran, Balingasag, Misamis Oriental; 3. JOSEPHINE B. LIG-ANG of legal age, Filipino Citizen, single and a resident Napaliran, Balingasag, Misamis Oriental Herein after referred to as the PARTITIONERS/VENDORS. As per Doc. No. 075; Page No. 015; Book No. CIXXXII; Series of 2023. Under the Notarial Registry of ATTY. CRISTINA TERESA A. MORENO-OCIONES.

BWM: Mar 31, Apr 7 & 14, 2023

Notice is hereby given that the late Sps. Panfilo D. Bacacao and Victoria S. Bacacao died intestate at Kinawe, Libona, Bukidnon on January 27, 2007 and August 6, 2010 respectively, leaving a parcel of land situated at Kinawe, Libona, Bukidnon, consisting of 40,000 square meters land which more particularly described as follows:: Original Certificate of Title No. E0-4 A PARCEL OF LAND situated in the Brgy. Of Kinawe, Municipality of Libona, Province of Bukidnon, Island of Mindanao. Containing an area of FORTY THOUSAND (40,000) SQUARE METRS, more or less is the subject of EXTRA JUDICIAL SETTLEMENT WITH DEED OF SALE OF A PORTION OF LAND. WHEREAS, the decedent the Sps. Panfilo and Victoria Bacacao left no debts and the parties herein are his sole legal heirs, they being their children. WHEREAS, the parties have agreed, as they hereby agree, to adjudicate among themselves the above described land. NOW, THEREFORE for and in consideration of the foregoing premises and invoking the provisions of section 2, Rule 74 of the Rules of Court, the parties have hereto agreed, as they hereby agree, to adjudicate among themselves in pro diviso equal share, subject to contingent claims within a period of 2 years from and after this date pursuant to Section 4 of Rule 74. That for and in consideration of the sum of ONE HUNDRED THOUSAND PESOS (P100,000.00), Philippine currency, in hand paid by the VENDEE, the receipt of, which is hereby acknowledged by the VENDOR Christopher S. Bacacao, to his full satisfaction, the latter by these presents do hereby SELL, TRANSFER and CONVEY, 270 square meters portion of his share in the above-described land unto the VENDEE, his heirs, assign or successor in interest, free from any encumbrance nor claim whatsoever. That the land herein sold shall be delineated later and has conformed by the parties. That the VENDOR has complied with the provisions of Article 1620 and Article 1623 of the New Civil Code relative to the pre-emptive rights of owners. That the land is not worked by any agricultural tenant nor lessee and is possessed by the HEIRSVENDOR. That the VENDEE has no other agricultural land that exceeds the limits under Comprehensive Agrarian Reform Law, including this acquisition. Made and executed in Cagayan de Oro City, Philippines by and among-

1.

FERDINAND S. BACACAO, of legal age, Filipino and residing at Kinawe, Libona, Bukidnon, hereinafter called the HEIR;2. ESTERLITA B. DELADA, of legal age, married, Filipino and residing at Kinawe, Libona, Bukidnon, hereinafter called the HEIR;

3. MELECIO S. BACACAO, of legal age, Filipino and residing at Kinawe, Libona, Bukidnon, hereinafter called the HEIR;

4. ADELIA B. BISA, of legal age, married, Filipino and residing at Kinawe, Libona, Bukidnon, hereinafter called the HEIR; 5. CHRISTOPHER S. BACACAO, of legal age, Filipino and residing at Kinawe, Libona, Bukidnon., hereinafter called the HEIR/VENDOR;

6. DANILO O. EMPASIS, of legal age, married, Filipino and residing at Zone 7, Gango, Libona, Bukidnon, hereinafter called the VENDEE; As per Doc No. 256; Page No. 52; Book No. 93; Series of 2023. Under the Notarial Registry of ATTY. QUINTILIANITO S. BABARIN, JR.

BusinessWeek

Editor: GILBERT Y. CHAO

NBI, DHSUD to file charges against bogus Developers, Agents

DHSUD Regional Director Ariel B. Abragan and NBI Regional Director Patricio S. Bernales, Jr., prepare crackdown on these alleged bogus developers, unregistered brokers and colorum salespersons.

Multiple cases involving illegal real estate practices are being built up as alarming influx of complaints from victims are received by DHSUD.

RD Abragan said during the meeting that, “It is the job of DHSUD to protect the community from being victims to these real estate scammers. We make sure that our fellowmen’s hardearned money for their dream homes are safe.”

Atty. Patricio S. Bernales, Jr. also expressed his full

commitment in this effort to eradicate schemes that are oppressing these buyers. He and Abragan agreed on the importance of this collaboration in going after these unscrupulous individuals who entice people with low-priced schemes subdivided lots but without license and registration from DHSUD.

RD Abragan also had a message to the public, and he said, “May this move serve as a warning to bogus

real estate corporations and unregistered salespersons — stop selling without DHSUD license/registration and stop taking advantage of people — because we are coming after you.”

NBI and DHSUD are part of the Anti-Illegal Real Estate Practices Task Force or “Bantay Balai” created by the JMC No. 1 Series of 201. Also Present during the meeting last March 31, 2021 were DHSUD personnel: Atty. Coreine Sarraga, Engr. Joey Lee Guibingcan, Engr. Hanna Jimenez, Engr. Mary Ann Monsanto, Ms. Ritchelle Ann Actub and other NBI Officers.

Pulangi...

from page 1

concessionaire, or it can be two concessionaires, depending on how we structure the agreements,” he said.

Dela Serna conveyed that part of the package being mulled in the concession arrangement will be the rehabilitation of the hydro facilities to optimize their electricity generation to 800MW-level or higher.

He emphasized that while the nameplate capacity of the plants could hover at roughly 1,000 megawatts, the scale of generation has just been reaching 600 to 700MW this time because the facilities are now heavily de-rated; therefore, there is a need to immediately pursue their rehabilitation.

“In the past administration, there was a plan to conduct rehabilitation, so we can always package it as rehabilitation and concession at the same time,” he stated.

The PSALM chief executive further noted “the current O&M (operation and maintenance) is very much lower than the dependable capacity which is 600MW so the plan is to bring it back to 800MW, which I guess is the minimum. At the same time, what PSALM is lobbying, there’s plan to increase the capacity,” he stated.

Dela Serna qualified that under the Electric Power Industry Reform Act (EPIRA), the ownership of AgusPulangui plants "cannot be transferred, it has to remain with government.”

Based on that premise, he specified that the viable recourse will be a concession covenant with a private sector that shall be chosen via a competitive bidding.

“Via concession, the ownership remains with government then the O&M (operation and maintenance); the revenues and the beneficial rights would go to the concessionaire, so as part of that also, since it is a requirement of the government to rehabilitate the power plant, we will also require the rehabilitation,” he stressed.

But for that to be concretized, he similarly indicated that one requirement for PSALM to carry out is to seek the imprimatur of Congress on the planned concession deal to be entered by government for the AgusPulangui hydropower facilities.

“I need Congress, I need BARMM on this case because BARMM has preferential rights over Agus 1 and 2. I also need to consult Congress for the privatization plan of Agus and Pulangui,” he said.

The EPIRA stipulated that “the privatization of Agus and Pulangui complexes shall be left to the discretion of PSALM Corporation in consultation with Congress.”

Sokot... from page 1

government’s development assistance program in the Philippines.

“In agriculture, we are focusing on Mindanao because of the background of the conversation between KOICA and the Mindanao Development Authority,” Ms. Cho said during the Habi at Kape media forum last week.

“When they discussed the development plan in Mindanao, we chose Davao City as a priority and we planned all the programs together with the farmers,” she said.

The project has initial funding of $1.3 million over three years, subject to extension.

“Every three years we will have evaluations and check the outlook. So we see the possibility for a 10-year program,” she said.

The program — known as Sustainable Agricultural Environment Establishment through Durian Producer Organizations in Mindanao — will start at the Calinan and Tugbok Districts of Davao City.

Its three components are: improving production of quality durian with technical assistance from the University of Southern Mindanao; ensuring socio-economic benefits with help from the University of the PhilippinesMindanao; and organizing farmers in partnership with the cooperative Unorka Mindanao, Inc.

“We organize the farmers and the cooperatives to improve the volume and give the power to the sellers, and the last is developing the market, where to sell the durian,” Ms. Cho said.

Durian produced under the program will initially be sold in Luzon.

“We have a program in the Luzon area… we have our outlet in Metro Manila and also have a delivery system in Metro Manila, so we are

ERRATUM

The Notice of Hearing JANDREW TRUCKING, Represented by REY ANDREW ARCAY Applicant Name with CASE NO R10-NC-PA-TH 202302-200 to operate TRUCK for HIRE (TH) Service on the route Cagayan de Oro City and from the said place to any point in Region 10, accessible to motor vehicle traffic and vice versa And with the use of Two (02) units not as publish Our Apology LTFRB-X CDOC.

BWM Mar 29, Apr 5 &12, 2023

expecting to sell those durians to the Luzon area first,” she said.

“And the second is the long term, with the processing facilities we are expecting them to be exported to South Korea as well. It’s not yet confirmed but we are trying to make those things happen,” she added.

ADB...

from page 3

is optimistic the domestic economy “will grow at its potential this year and next and is on track toward its goal to become an upper middle-income country.” “Like most other economies, the Philippines will be increasingly challenged by the impacts of climate change and the effects of emerging technologies on the labor market,” he added. ADB’s growth forecast for the country this year is within the government’s 6 to 7 percent assumption, which is the same range until 2025. Bird said an increase in the domestic interest rate in the country is expected to have an impact on economic growth starting in the second half of this year, citing that the lag of interest rate hike is about six to 18 months. The Bangko Sentral ng Pilipinas (BSP) started to increase its key rates in May 2022 in a bid to help address the impact of the pandemic on the domestic economy as well as the elevated inflation rate. The ADB forecasts inflation to average 6.2 percent this year before decelerating to 4 percent next year.

Bird expects inflation to slow down to around 4 percent level before end-2023.

He said growth is not an issue for the domestic economy this year but the sticky inflation rate resulting from supply constraints on some food items due partly to import trade restrictions. “But we do think that the inflation rate is about to peak and we hope that over the next couple of months, it show(s) sign of declining and moving back towards 4 percent towards the end of this year,” he added. The impact of the elevated inflation rate on domestic growth is somehow expected to be countered by the effects of the higher infrastructure spending, which

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City NICANOR OMICTIN CASE NO. R10-EV-TAXI Applicant 2023-02-239

NOTICE OF HEARING

APPLICANT request for the Extension of Validity of the Certificate of Public Convenience to operate TAXI SERVICE on the route: CAGAYAN DE ORO CITY and from said place to any point in REGION 10, and Vice Versa and with the use of ONE (01) unit/s.

This application shall be considered by this Board on APRIL 19, 2023 at 10:00 A.M. at this Board on which date Applicant shall formally submit his/her/its evidence.

The Applicant shall publish said notice at least Ten (10) Days prior to the date of hearing once in a newspaper of general/ local circulation.

Party(ies) opposed to the approval/ granting of the application must file his/her/its written opposition with supporting documents, unless this Board deems it necessary to require additional documentary evidence and/or his/ her/its oral testimony(s). WITNESS,

Bird said has a long-term impact on the economy and inclusive growth. (PNA)

Moody...

from page 3

with the one of the country’s main utilities, Meralco (Manila Electric Company), hiking their tariffs in March,” she said. The deceleration of inflation rate is expected to boost the Bangko Sentral ng Pilipinas’ (BSP) policy rate setting. Tan said “should the inflation readings reflect a consistent downward path, and one that is sizeable, that could give the BSP confidence to pause their rate hike rally.” “Otherwise, we should expect the BSP to pull harder on the brakes until the inflation train is unambiguously slowing,” she added. Last March, BSP’s policy-making Monetary Board (MB) hiked the central bank’s key rates by 25 basis points, a widely expected given the still elevated inflation rate in the second month of this year. BSP eyes inflation to remain above the government’s 2 to 4 percent target band until the third quarter of this year. Tan said that despite the elevated inflation, domestic demand has remained rather resilient.

EXTRAJUDICIAL SETTLEMENT OF ESTATE OF SISINIO B. CANO

Notice is hereby given that the late SISINIO B. CANO (hereinafter referred to as "DECEASED" for brevity) who respectively died without any will on August 5, 2021, at Cagayan de Oro City, Misamis Oreintal, Philippines (A copy of their death certificate are attached hereto as Annexes "A"); THAT, the DECEASED , at the time of their death, left the following properties: I. Real Properties 1. TCT NO. T-104286; Location of Property Casisang, Malaybalay City; Land Area 200 sq.m.; Registered Owner SISINIO B. CANO ; 2. TCT NO. TD NO. 85586; Location of Property Macasandig Cagayan de Oro City; Land Area 500 sq.m.; Registered Owner SISINIO B. CANO. II Personal Properties 1. A motor vehicle particularly described as follows: MAKE Toyota SERIES FORTUNER 2.4L 4 ENGINE No. 2GDC358747 MV FILE No. 1001-00000317046 CR No. 312715292 OR No. 2094936141 CHASIS No. MHFJB8GS31553004 PLATE No. KAB7567. 2. A firearm particularly described as follows: CALIBER 9MM KIND/MAKE PISTOL/ BRWG SERIAL No. 245NR54452 Firearn ID No. FA-64060-2 LTOPF ID No. 20151-DBC00573-0-PRO10 are the subject of EXTRAJUDICIAL SETTLEMENT OF ESTATE OF SISINIO

B. CANO. Made and entered into in Cagayan de Oro City, Philippines, by and between the following: 1. JULALEE P. CANO, legal age, Filipino, widow, and a resident of Cagayan de Oro City;

2. GERARDO ANTONIO P. CANO, of legal age, Filipino, single, and a resident of Cagayan de Oro City; 3. PAOLO MIGUEL P. CANO, of legal age, Filipino, single, and a resident of Cagayan de Oro City: and 4. NICOLO LORENZO

P. CANO, of legal age, Filipino, single, and a resident of Cagayan de Oro City; WITNESSETH THAT: THAT, the above-enumerated parties (hereinafter referred to as "HEIRS" for brevity) are the surviving heirs of the late SISINIO

B. CANO. THAT pursuant to Rule 74, Sec. 1 of the Revised Rules of Court of the Philippines, the HEIRS, being with full capacity to contract and inherit in accordance with law, do hereby adjudicate unto themselves the abovedescribed properties in to FOUR (4) equal and proportionate shares subject to the following:

“With the cumulative hikes totalling a whopping 425 basis points by the central bank thus far, the higher borrowing costs will soon bite into household consumption,” she said. “Together with a slowing global economy hurting the demand for what Philippines sells to the world, that’s going to put a lid on the country’s growth this year,” she added. Moody’s Analytics sees the Philippine economy growing by 5.7 percent this year. (PNA)

Xavier... from page 4

Father General of the Society of Jesus declaring that Vatican has made its decision and that the decision is final. No need for further discussion. But, COPTAC refuses to be silenced. Xavier, please talk with us, and include us in the development process as we care so much for Xavier, especially to see it continue the vision of the Jesuit pioneers to be men and women for others in line with a biblical tenet of serving the least of our brethren - all for the greater glory of God.

DEED OF EXTRAJUDICIAL SETTLEMENT WITH ABSOLUTE SALE

Notice is hereby given to the public that the late EDITHA D. TUGOT who died sometime on November 9, 2013 in Camp Phillips, Agusan Canyon, Manolo Fortich, Bukidnon, without any will; That the said deceased, at the time of her death, left a one-half conjugal share of a certain real property situated in Dicklum, Manolo Fortich, Bukidnon and more particularly described as follows, to wit: A PARCEL OF LAND (Lot No. 1551-A, Csd-10-017340, ident. to Lot No. 10947, Cad-867). Bounded on the N., along line 1-2, by Lot 1553, Cad-867; on the E., along line 2-3, by Lot 1551-B, Csd-10-017340; on the S., along line 3-4, by Road; and on the W., along line 4-1, by Lot 1550, Cad-867. Containing an area of THIRTY THOUSAND FOUR HUNDRED FIFTY FIVE (30,455) SQUARE METERS, more or less, and covered by Original Certificate of Title No. P-48652 of the Registry of Deeds of Bukidnon, is the subject of DEED OF EXTRAJUDICIAL SETTLEMENT WITH ABSOLUTE SALE. That no personal properties are involved in this extrajudicial settlement; That to the best knowledge and information of the parties hereto, the said deceased left no debts; That a true copy of this extrajudicial settlement will be published once a week for three consecutive weeks in a newspaper of general circulation in the province of Bukidnon; That the parties hereto being all of age and with full civil capacity to contract, hereby by these presents agree to divide and adjudicate, as they hereby divide and adjudicate, among themselves, the above-described real estate pursuant to law; That for and in consideration of the sum of ONE HUNDRED FIFTY THOUSAND (Php150,000.00) PESOS, Philippine Currency, in hand paid by MA. RHYMA T. POZON, of legal age, Filipino, married to CARMINE PAOLO S. POZON, and a resident of Philamlife Village, Pueblo De Oro Township, Carmen, Cagayan de Oro City, and acknowledged to have been received by the above-named heirs and to their complete satisfaction, the said heirs, by these presents, do hereby SELL, TRANSFER and CONVEY, absolutely and unconditionally, unto the said MA. RHYMA T. POZON, her heirs, assigns and successors in interests, the entire above-described parcel of land, together with all the existing improvements thereon free from all liens and encumbrances. Made and entered into by and among: J IRROLD

Money...

from page 4

faith combined. Jesus taught often about money because He knows that the way we use money shows what kind of heart we have. You cannot change the way you live and use money until you change your heart. Won’t you ask Jesus to forgive you and take charge of your way of living? His way is the only way that you, your spouse, and your children can start enjoying the true prosperity and peace He has planned for you. Just think a minute . . .

Valley... from page 8

pioneer beneficiaries for these low-cost housing units.

The Valley View Township will also feature a chapel, an event center, function hall, a club house, a forest trail walk, children’s playground, fitness center, basketball court, parks and picnic areas and retail/ commercial units among many other amenities, thus, creating a whole new world within the beautiful municipality of Tagoloan.

EXTRAJUDICIAL SETTLEMENT OF ESTATE OF DECEASED PERSON

Notice is hereby given that the late PATRICIO N. ABECIA AND BEATRIZ C. ABECIA who died intestate on March 9, 2005 and on May 17, 1995, respectively at South (Poblacion, Guinsiliban, Camiguin, their place of residence at the time of their demise, leaving: O RGETO C. ABECIA, ALBERTO C. ABECIA and NIETO C. ABECIA as their only surviving heirs: That the deceased SPOUSES PATRICIO N. ABECIA AND BEATRIZ C. ABECIA left among their heirs Two (2) parcels of land particularly described as follows: I A PARCEL OF LAND where the ancestral house and the farm is situated in South Poblacion, Guinsiliban, Camiguin; II A PARCEL OF LAND (1435, Psd-10-00059747187, being a portion of Lot 1435, (LRC) Pcs11987, LRC Cadastre), situated in the Barrio of Kauswagan, City of Cagayan de Oro, Island of Mindanao, containing an area of FOUR HUNDRED SEVEN (407) SQUARE METERS, more or less, covered under Transfer Certificate of Title No. T-24117 registered in the name of PATRICIO N. ABECIA married to BEATRIZ C. ABECIA are the subject of EXTRAJUDICIAL SETTLEMENT OF ESTATE OF DECEASED PERSON. Made and entered into by and among: ORGETO C. ABECIA, 79 years old, married, Filipino citizen, and a resident of South Poblacion, Guinsiliban, Camiguin; ALBERTO C. ABECIA, 81 years old, married legal age, married, Filipino citizen, and a resident of South Poblacion, Guinsiliban, Camiguin; -AND - NIETO C. ABECIA , 64 years old, married, Filipino citizen, and a resident of Salcedo Compound, Kauswagan, Cagayan de Oro City. WITNESSETH : That the above-named parties, all of legal age, are the legitimate children and sole heirs of SPOUSES PATRICIO N. ABECIA AND BEATRIZ C.ABECIA. That no personal properties are involved in this extrajudicial settlement; That to the best knowledge and information of the parties hereto, the said deceased left no debts; That the parties hereto being all of legal age and with full civil capacity to contract, hereby by these: presents, agree to divide and adjudicate, as they hereby divide and adjudicate, among themselves, the above-described real estate in the manner following:

To: ORGETO C. ABECIA and ALBERTO C. ABECIA, the following description, to be apportioned by them equally: A PARCEL OF LAND where the ancestral house and the farm is situated in South Poblacion, Guinsiliban, Camiguin;

to the best knowledge and information of the abovenamed HEIRS, the said DECEASED, at the time of their death, left no debts whatsoever; THAT, the HEIRS shall equally be liable for the payment of estate taxes, legal and notarial fees, and all other charges necessary for the settlement of the estate of the DECEASED; As per Doc No. 96; Page No. 20; Book No. 10; Series of 2023.

M. TUGOT , of legal age, married, a resident of San Miguel, Manolo Fortich, Bukidnon; NIÑO BENEDICT D. TUGOT , of legal, single, a resident of San Miguel, Manolo Fortich, Bukidnon; and MESSIER THERESE D. TUGOT , of legal age, single, a resident of San Miguel, Manolo Fortich, Bukidnon.

WITNESSETH: That the above-named parties, all of age, Filipino, are the children and sole heirs of EDITHA D. TUGOT. As per Doc No. 6296; Page No. 59; Book No. XIII; Series of 2023. Under the Notarial Registry of ATTY. JERSON S. LEYSON.

BWM Apr 5, 12 & 19, 2023

To: NIETO C. ABECIA, the following description: A PARCEL OF LAND (1435, Psd-10-00059747187, being a portion of Lot 1435, (LRC) Pcs-11987, LRC Cadastre), situated in the Barrio of Kauswagan, City of Cagayan de Oro, Island of Mindanao, containing an area of FOUR HUNDRED SEVEN (407) SQUARE METERS, more or less, covered under Transfer Certificate of Title No. T-24117 registered in the name of PATRICIO N. ABECIA married to BEATRIZ C. ABECIA. As per Doc No. 361; Page No. 79; Book No. 1; Series of 2023. Under the Notarial Registry of ATTY. ALAN A. GULTIA.

BusinessWeek

MINDANAO FEATURE

CREDIBLE RELIABLE IN-DEPTH

Valley view township: breaking ground, building a new world

By Avril Vianni

Tagoloan, MisOr

—

“God has perfect timing; never early, never late. It takes a little patience and a lot of faith. But it’s always worth the wait.”

Alter 3 years since its announcement to develop a residential project in Sta. Ana, Tagoloan, Misamis Oriental, real estate developer, RGJ Realty Corporation had finally break ground for the construction of Valley View Township on April 2, 2023, Sunday. Spread across a I4hectare property, this PIO Billion residential development project will comprise of 25 high rise buildings at 13 storeys each and will produce a total of 10,400 affordable and comfortable residences. RGJ Realty Corporation owner,

Former Congressman Romeo Jalosjos said that the main goal of this project is to address the housing gaps of Visayas and Mindanao, providing shelter to Filipino families, especially the less fortunate. Its 3-year construction will commence right away dedicating the first phase to socialized housing through a deal with the Social Finance Housing Corporation (SHFC). Is aim is to target the workers o Phividec Industrial Authority and the residents of Tagoloan and Villanueva towns as

VALLEY/PAGE 7