BusinessWeek Mindanao (May 3-4, 2023)

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P15.00 Volume XIV, No. 137 Wed-Thu | May 3-4, 2023 www.businessweekmindanao.com

Market Indicators FOREX PHISIX AS OF 6:00 PM MAY 2, 2023 (TUE) 6,625.08 41.40 points 0.34 cents X X

OFW repatriation

AN overseas Filipino worker from Impasug-ong town in Bukidnon province has requested repatriation from war-torn Sudan.

Overseas Workers Welfare AdministrationNorthern Mindanao (Region 10) Director Harry Borres confirmed that there is one OFW from Bukidnon awaiting evacuation from Sudan.

Borres did identify the OFW.

He assured assistance to the OFW but said they are still "waiting for the fund and a copy of the guidelines" from the OWWA central office regarding financial aid for the Bukidnon OFW’s family.

Warning versus disposed cigars

ZAMBOANGA City – The Bureau of Customs (BOC)Port of Zamboanga warned the public against buying cigarettes destroyed and disposed of by the agency.

Mike Lanza, Customs Intelligence and Investigation Service chief of BOCZamboanga, said Saturday that they spray the confiscated smuggled cigarettes with pesticides.

BOC-Zamboanga led the destruction at a sanitary landfill in Barangay Salaan here on Friday.

Lower banana export

PRODUCTION of Cavendish bananas, the main export variety, remains threatened by Fusarium wilt or Panama disease, likely dampening exports, according to the Pilipino Banana Growers and Exporters Association (PBGEA).

“For the first three months, our production was even worse than last year. We’re kind of worried that maybe at the end of this year, we might not be able to contribute even $1 billion,”

PBGEA Executive Director Stephen A. Antig said.

Citing the Philippine Statistics Authority (PSA), the total land area planted to banana was 442,894 hectares last year, with 84,328 hectares dedicated to Cavendish, which is cultivated in large plantations for efficiency.

Normin’s labor group seeks new wage hike

RICE FARMERS. A farmer sprays fertilizer on his rice crops in Banaybanay, Davao Oriental on Monday (1 May 2023). Farmers are still facing soaring prices of farm inputs and the possibility of below normal rainfall as the dry spell brought by El Niño is expected to begin in the next two to three months. (MindaNews photo by MANMAN DEJETO)

Militant workers stopped from entering CDO

By FROILAN GALLARDO MindaNews

POLICE stopped a convoy of militant workers from entering the city to mark the International Labor day celebration on Monday, May 1.

Viñas said the policemen asked the workers, who were riding motorcycles and other vehicles, to alight and present their identification cards and barangay clearances.

“After they were all checked out, we allowed them to enter the city more than an hour later,” he told MindaNews by phone.

police allowed them to enter Cagayan de Oro at 10am Monday after holding them for three hours under the scorching heat.

“The police stopped our convoy around 6 a.m. and we endured more than four hours under the sun,” Hadman told DXIF Bombo Radyo.

The labor leader said the KMU workers only wanted to parade around the city in their vehicles, not to hold a rally.

She said they also planned to go to the regional office of the Department of Labor and Employment on Corrales Street to meet with the agency officials and air their grievances.

The Associated Labor Unions-Trade Union Congress of the Philippines (ALU-TUCP) Region-10 said on Labor Day that a second wage increase petition is part of its immediate plans and it is now studying the move by gathering data and facts.They clarified they are thankful for the P40 wage increase last year.

“We are not asking for too much; it’s just for something that is sufficient to give a person sufficient sustenance in terms of their salary," lawyer Doris Javier, ALUTUCP Northern Mindanao

Progressive groups hit ‘worsening economic crisis’

DAVAO City – Members of various progressive groups in Davao City staged a Labor Day protest to air their sentiments over the “worsening economic crisis” under President Ferdinand “Bongbong” Marcos Jr. and

to call for an increase in the daily minimum daily wage.

Paul John Dizon, secretary general of Kilusang Mayo Uno (KMU)-Southern Mindanao, said in a statement that the Marcos administration does not have clear solutions to address the most pressing problems concerning labor.

The groups cited the soaring inflation, low income, and insufficient jobs for Filipino workers.

Dizon said around 400 members of BayanSouthern Mindanao Region (Bayan-SMR), KMU-SMR, Anakbayan-SMR, Gabriela

He said the order to monitor the movement of militant workers nationwide to secure highways and parks where they were expected to hold rallies came from the Philippine National Police headquarters in Camp Crame.

KMU spokesperson Teresita Hadman said the

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

Lawyer Beverly Musni of the Union of People’s Lawyers in Mindanao (UPLM) slammed the police for holding the workers and demanding for their identification cards.

“The police officer who led the blocking of the convoy covered his name cloth to hide his identity. Yet, he demanded knowing the identities of the workers,” Musni said. She said the workers have every right to be on the streets on Labor day to celebrate and police officers should be aware of that.

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call for wage hike in a rally Monday, 1 May 2023, in Davao City. MindaNews
ANTONIO L. COLINA IV
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A
LABOR group in Northern Mindanao plans to file another wage increase petition as last year’s was not "sufficient to give the workers a life of dignity" due to inflation.

BOC-Zamboanga destroys over P1.4-B smuggled cigars

ZAMBOANGA City

The Bureau of Customs (BOC)-Port of Zamboanga led the destruction of more than P1.4 billion worth of smuggled cigarettes here Friday. Engr.

Arthur Sevilla, BOCPort of Zamboanga acting district collector, said the destroyed cigarettes were seized during the series of anti-smuggling operations in the Zamboanga Peninsula, and the island provinces of Basilan, Sulu, and Tawi-Tawi during the first quarter of the year. He said most of the

19,419 master cases and 667 reams of cigarettes were those seized at a warehouse in Indanan, Sulu on March 2. “This is by far the largest condemnation of seized smuggled cigarettes in the port of Zamboanga,” Sevilla said. The cigarettes were drenched in water and repeatedly crushed by heavy equipment in the presence of partner agencies and stakeholders in the anti-smuggling campaign. The crushed cigarettes were later transported and disposed

of at the city’s sanitary landfill in Barangay Salaan. Sevilla assured the BOC-Port of Zamboanga continues to implement intensified anti-smuggling operations and remains steadfast in maintaining closed coordination and collaboration with other law enforcement agencies. He said the condemnation of seized smuggled cigarettes is consistent with the standing order of President Ferdinand Marcos Jr. against all forms of smuggling. (PNA)

382 Butuan farmers receive P4.2-M indemnity from PCIC

BUTUAN City -- Around

382 local rice and corn farmers who were affected by recent calamities received indemnification payments from the Philippine Crop Insurance Corporation (PCIC), the city’s Public Information Office (PIO) reported Thursday. in a statement, the PIO said over P4.2 million worth of indemnity payments were received by the affected farmers on Wednesday. “The farm products of these rice and corn farmers were affected by the floods that hit the city in December last year and in January 2023,” it said. It added that the amount received by the affected farmers depended on the damage they incurred as assessed by

the City Agriculture Office (CAO) and the Department of Agriculture. “The city government of Butuan, under the administration of Mayor Ronnie Vicente Lagnada, continues to work with the other concerned agencies to ensure the protection of our farmers," the PIO said. The city government, through the CAO, has urged farmers to avail of the PCIC insurance program for protection against agricultural losses due to floods and other natural calamities, it added. Meanwhile, some 42 rice farmers from the different barangays here have undergone a Field Day Cum Preferential Analysis under the Nextgen Plus Project Rice Varietal Trial Program for the first

semester of 2023. The activity, which took place Wednesday, was conducted at the Butuan City Rice Research Center in Barangay Los Angeles. “The Nextgen Plus Project is an initiative being implemented under the Rice Sector Strategy of the Department of Agriculture and the Philippine Rice Research Institute,” the PIO said. Under the initiative, the rice farmers are given information on plant breeding with the use of molecular biology, stratified multilocation testing, and computational power. The program also helps the farmers identify the best-performing rice varieties which can thrive from pests and diseases. (PNA)

EXTRAJUDICIAL SETTLEMENT OF MOTOR VEHICLE WITH SALE

Notice is hereby given that the late HENRY GAABUCAYAN RAPIRAP, who died on October 18, 2022 at Cagayan de Oro City, Misamis Oriental, without any will, leaving one motor vehicle more particularly described as follows to wit; Make/Type of Body: KAWASAKI;

Motor Number: BC175AEA02751; Chassis Number: BC175A-B01705;

Plate Number: KW5508; Model: 2003; MV File No.: 1036-00000010490;

Classification: TC; CR. No.: 1421815-3 is the subject of EXTRAJUDICIAL SETTLEMENT OF MOTOR VEHICLE WITH SALE. WHEREAS, the abovenamed deceased left no known debts or obligation which have not been paid or settled up to this date; WHEREAS, it is to the best interest of the aforesaid heirs by succession, to extra-judicially settle the above-described property; AND WITNESSETH FURTHER: That for and in consideration of the sum of ONE HUNDRED THOUSAND PESOS (Php100,000.00) Philippine Currency, in hand paid today by GERALD GLIEN TAHOD BINOLIRAO of legal age, Filipino, married and a resident of Nazareth, Cagayan de Oro City receipt whereof is herein acknowledged in full, the heirs of the late HENRY GAABUCAYAN RAPIRAP hereby, SELL, TRANSFER, CONVEY, CEDE and ASSIGN the said motor vehicle in favor of GERALD GLIEN TAHOD BINOLARIO, his heirs, assigns and successors-in-interest free from all liens and encumbrances whatsoever. (Unit sold is used and as-is where is basis). Made and entered into by and between the Heirs of the late HENRY GAABUCAYAN RAPIRAP, NAMELY: ROMEO G. RAPIRAP, of legal age, Filipino, single and a resident of 772 Patrick Cronin Village, Camaman-an, Cagayan de Oro City LORNA R. VISMANOS, of legal age, Filipino, married and a resident of Patrick Cronin Village, Camaman-an, Cagayan de Oro City LUZMINDA G. RAPIRAP, of legal age, Filipino, single and a resident of 772 Patrick Cronin Village, Camaman-an, Cagayan de Oro City; NOEL G. RAPIRAP, of legal age, Filipino, married and a resident of 812 Patrick Cronin Village, Camaman-an, Cagayan de Oro City; FLORENDA R. LORENZO, of legal age, Filipino, married and a resident of 772 Patrick Cronin Village, Camaman-an, Cagayan de Oro City- hereinafter called as the Heir/Vendee. As per Doc No. 381; Page No. 77; Book No. CXCVI; Series of 2023. Under the Notarial Registry of ATTY. JORGE B. MAGDAONG JR.

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Landbank exceeds Q1 income target by P2B

STATE-owned Land Bank of the Philippines (Landbank) surpassed by P2 billion its first quarter 2023 net income target after it hit P10.8 billion.

In a statement on Thursday, the bank said that while the net income in the first three months this year is 18 percent lower than the unprecedented P13.2 billion during the same period last year, this already accounts for 30.8 percent of the bank’s P35 billion full year target. It attributed the net income in

January to March period to higher interest income and lower operating costs. The bank said interest income jumped by 54 percent yearon-year to P20.9 billion amidst the rising cost of funds and interest rates.

Assets expanded by 11.7 percent to P3.1 billion due to increase in deposits to P2.8 trillion, bulk of which at 71 percent is accounted for by the government sector. Capital rose by 3.2 percent to P225.3 billion. “This expansion

was driven by the bank’s net income, notwithstanding the dividend remittance to the national government in June 2022 worth P8.45 billion and the decline in other comprehensive income,” it said.

Landbank said return on equity is at 12.46 percent and net interest margin at 3 percent, both at healthy levels.

Landbank president and chief executive officer (CEO)

Cecilia Borromeo said the

Life insurance firm eyes more clients from lower income bracket

bank’s “robust financial position allows us to advance the national government’s development agenda.” This, as the financial institution maximizes yields from earning assets while being prudent with its expenses, she said. “We are fully capable to continue extending intensified support to the agriculture sector and other key economic industries, while driving sustainable growth in local communities,” Borromeo added. (PNA)

Bank exec sees no rise in bad loans despite interest rate hike

AN executive of Ayala-led Bank of the Philippine Islands (BPI) discounts an increase in bad loans following the hikes in the Bangko Sentral ng Pilipinas’ (BSP) key policy rates.

BPI president and chief executive officer (CEO) Jose Teodoro Limcaoco said there is no significant rise in nonperforming loans (NPLs) as some borrowers just requested for longer payment terms for

housing and automotive loans, thus “affordability is still there.”

“We’re not seeing any rise in NPLs. People are very judicious about the use of credit, which is good,” he said in a press briefing Wednesday.

The BSP's key rates have been increased by a total of 425 basis points since May 2022 to help address the elevated inflation rate and ensure healthy interest rate

differential with the United States.

Meanwhile, the bank has launched its upgraded banking app that will allow users to easily navigate, provides updated online processes, and will provide financial advice through artificial intelligence (AI) in the near term.

BPI platforms business head Fitz Chee said around 50,000 downloads have been

recorded for the new app since February 2022 after it was made available through the Google Play Store and the iOS App Store.

He encouraged the nearly 6 million clients who are enrolled in the digital banking app to download the upgraded app and expect these to be onboard by end-December this year. He said BPI clients who

THE low insurance penetration rate in the Philippines, especially among the poor, along with the recovery of the economy, are among the opportunities that an official of EastWest Ageas consider as what will propel the business in the long run.

In an interview by the Philippine News Agency (PNA) on Friday, EastWest Ageas Insurance president and chief executive officer (CEO) Sjoerd Smeets said that with the lower level of financial literacy in the country compared to advanced economies, Filipinos are not keen on really getting insurance coverage.

This, he said, is the reason why the company, a joint venture between local bank EastWest Bank and Belgiumheadquartered Ageas, has started its agency force to widen its reach.

Since starting the agency force in the second half of 2022, Smeets said they now have around 120 insurance agents and the aim is to increase the figure to close to 1,000 by end-2023.

He said Filipinos in general still prefer to talk to insurance agents to explain

to them the value of life insurance, as proven by the below 3 percent insurance penetration in the country.

“Filipinos don’t go themselves looking for insurance. They are more being approached and somehow convinced that life insurance is good for them,” he said.

While some insurance firms tap millennials as agents to entice more people to have insurance coverage, Smeets said their current agents are older individuals who are in their 40s and 50s and have million dollar rank certifications from other companies.

Smeets said they aim to double their sales in two to three years from the current 257,000 clients, which are a combination of individuals and group memberships.

He said most of their clients are already in their 40s and up but said they also target the younger generations, most of whom are not focused on getting insurance coverage yet but are enjoying life first by spending on food and nicer places to live.

“People need to get to certain stages of their lives

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IGPANADAYUG TA ABAGA SA BAYUG COOPERATIVE PROTECTING GOD’S VANISHING CREATION: HIGHEST FORM OF WORSHIP

Wherever the Lumads are in Mindanao, be they in Cagayan de Oro, Davao or Caraga, they face the Abaga sa Bayug (Mindamora Falls) situated in Lantod, Talakag, Bukidnon, every time they pray. This is so because it is their firm belief that nature is the reflection of MAGBABAYA (the Creator). Such may sound weird to religious groups who are giving high veneration to the crucifix and the images inside their respective churches. But a cursory look in history will unveil the truism that all these images that the Christians are giving high veneration to were just the imagination of the painter, Leonardo da Vinci who painted the “Last Supper.”

when you painted Christ.” The model in painting Christ and Judas was just the same person. One’s attitudes and way of life affect his physical appearance. That model, from being a seminarian oozing with godly qualities became a bad person when he left the seminary, living a criminal-life existence, enamored in the whims and caprices of the mundane, thus transforming his physical appearance into a Judas traitor-like look..

Thus, the model used by Leonardo da Vinci in painting Jesus and Judas is the same person whose physical appearance did change based on the way of life and kind of person that he had become.

de Oro. Indeed, nature is the reflection of Magbabaya but it is so frustrating that no one is listening to the cry of Mother Earth in a world that is so buried in so much unbridled materialism and consumerism.

Nature has been sacrificed to the altar of greed and profit, in defiance of the rule of law.

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Training for Parents (Part 2)

Think a minute . . . Yesterday we learned from the boiling frog that it is easy to become so accustomed and comfortable with our emotionally and spiritually unhealthy parenting habits that we do not see the dangerous direction we are leading our kids. Before it is too late, we need to start changing the negative, hurtful ways we may be raising and teaching them. First, we learned not to use anger, yelling and nagging to train our children. It does not truly work, nor does it make a happy family.

Second, we parents must earn our child’s respect. It is easy to get your child to fear you, but it will take your time and love to earn their true respect. This is greatly important, because your child’s respect for your authority is going to determine his respect for all other kinds of authority: his school teachers, bosses, laws and government, along with everyone else he will live and work with. If you want your children to accept your authority and values when they are teenagers, you must first earn their respect by your daily good example during their younger years. As an expert family counselor says: “Rules without relationship

What Leonardo da Vinci did when he painted the image of Christ was to get a model, a seminarian, who was then oozing with spiritual qualities of love, courage and goodness. After that, Leonardo painted the twelve apostles, beginning with St. Peter looking fatherly up to the youngest apostle named John looking astonishingly young. After finishing the eleven apostles after five years, Leonardo had then had a problem in painting Judas. So, he went to a prison cell to look for a model and finally finding one who looked like a traitor and made him a model in painting Judas. After painting the image of Judas, Leonardo approached the Judas model to pay him and asked for his name. The model then said, “Oh, Leonardo, you don’t remember me anymore. We have met five years ago when you got me as a model

THINK A MINUTE

JHAN TIAFAU HURST

bring rebellion.” We parents can damage, even destroy, our children through overly strict, harsh and unloving punishment that hurts them emotionally through cruel, unkind words or even physical harm to our kids. A child should never be laughed at and his feelings not valued and cared about by his or her father and mother. A parent who regularly hurts and humiliates their child will eventually lose their child’s love and respect for them. The child will fear you enough to obey you when they are young, but later as a young adult they may deeply resent you for years, even their lifetime.

A third important principle is to show your love to your child after you have needed

When I was a young kid, I always accompanied by grandmother early morning to attend a daily mass in the Cathedral who upon reaching the Cathedral gate would walk kneeling up to the altar. Bakit po lola? Alam po ba ninyo ang inyong niluluhuran ay imagination lamang po ni Leonardo da Vinci. My Lola would tell me to shut up.

During the height of our human barricade in the nineties, our compassionate allies from the Indigenous People would tell me that they are willing to give-up their lives to protect God’s vanishing creation because for them, protecting God’s vanishing creation is the highest form of worship. Some of them have been killed by the armed men of the loggers and the miners like Datu Fausto Orasan known as Datu Sandigan, the Chieftain of the Higaonon Tribe in Cagayan

It has been said that in this country, no one is above the law; all must bow down to the majesty of the law because we follow the rule of law and not of men! Tell that to the marines! No such thing as rule of law on environment. A century or so ago, our country had some 17 million hectares of dipterocarp forest very rich in megadiversity, oozing with billions of flora and fauna that were endemic in a tropical country. Such was reinforced by a study of Dr. Larry Heaney, an environmentalist from California, USA who came in the eighties and stayed somewhere in Mt. Kitanglad Range for three months. He was so astonished to see monkey-eating eagles hovering above against the backdrop of flowering plants and radiating trees, i.e., almaciga, red lauan, mahogany, narra, etc., which were the finest in the world. As Dr. Heaney’s study concluded, “ the number of flora and fauna what were found in the 5,000-ha. Mt. Kitanglad Range was greater compared to those found in one-billion hectare continent of North America. Visiting Mt. Kitanglad and Mt. Kalatungan Range in Talakag, Bukidnon, it was so frustrating to see some 200,000 hectares denuded areas after six logging

companies, i.e, TIPI, Roa & Sons, Valderama, Dacudao, Remedios Fortich, Vicmar,2nd Lt. Desty Eleazar, etc. massively logged our forest ecosystem without let-up in total violation of existing laws. Don’t you know that our forest ecosystem is well protected by existing laws that are prohibiting the cutting of trees in forest areas that have an altitude of more than 1,000 meters above sea level or in topography with slope having 50% gradient. These notwithstanding, laws were enacted then prohibiting logging of the finest of trees that were found only in the Philippines.

Thus, on Dec.17, 2011, Typhoon “Sendong” hit the cities of Cagayan de Oro and Iligan causing the death of some 3,000 poor people and rendering some 10,000 families homeless. The victims were the poor living in the vulnerable areas. Where were those who exploited the ecosystems, the loggers and miners? They were safely ensconced in their mansions as a logger would earn then 360 million pesos in one shipment of logs

Leadership Is Not a Position

Many people assume that leadership is all about titles, positions, money, and fame. However, leadership is not an actual position or title. In fact, it is about the action you take and the example you set for others. Leadership is the ability to influence others; it’s about the impact you have on others.

The definition of leadership is evolving every two years. If earlier it was about authority and dominance, it’s more about collaboration and teamwork nowadays.

With the exponential increase in the number of millennial workers, they are disrupting the traditional leadership style and want to work under leaders who give them enough opportunities to lead themselves.

What is leadership in today's world? Leadership is a set of behaviors used to help people align their collective direction, to execute strategic plans, and to continually renew an organization.

In the not-so-distant past, leaders followed a model based on directing and administrating. This style started to shift within the last few decades, and today leaders follow a model based

on guiding and inspiring

According to a survey conducted by Virtuali and WorkPlace Trends, nearly 50% of workers said that they believe leadership is the empowerment of others and have high expectations from their leaders. In fact, they don’t even mind leaving a job if the leader fails to meet their expectations. The daringness is definitely calling for some serious leadership change in today’s day and age.

Are You In A Front Position?

Are you a guide, a commander or a conductor?

Are you a leader, who knows how to play the first card in the round? Are you the foremost horse in a team?

Do you know how to direct, to persuade or to precede?

I found a very nice quotation shared by Dr. John C. Maxwell, the leading authority on leadership, who says, "A leader is one who knows the way, goes the way and shows the way!" "Nearly all men can withstand adversity. If you truly want to test a man's character, give him power", already stressed Abraham Lincoln. Character is what you are

doing in the dark. By the way, nowadays, I wouldn't only mention "men" alone when it comes to leadership. There are innumerable women holding their own.

Remember and look around: in the past and at present one can observe someone at any corner offering us to lead our way. Politicians compete for our vote of confidence. Athletes and entertainers show us their pictures of success. A lot of different religious leaders pledge, promise and bind in flock gatherings.

Well, what are some of the traits that a great leader must have or develop character? Is character really enough? How about integrity? Are you, my dear reader, a leader? Is what you are saying AND DOING, the same? Are your followers wholeheartedly convinced of your integrity?

Albert Einstein, one of my favourite idols, had said, "Whoever is careless with the truth in small matters cannot be trusted with the important matters!"

Leaders in politics, leaders in clergy, leaders in business - many are lacking this specific trait, because, after all, what they say is

not what they do. We need leaders with character, integrity, discipline and the ability to influence others in a positive way. A leader must be able to motivate his or her people around, rather than manipulate them or run away in times of difficult decisions... !

Albert Einstein claimed that he had no special abilities, only persistence. But that was enough to develop the General Relativity Theory. I learned from my Philippine mentor, the late Monsignor Professor Dr. Hermogenes E. Bacareza already during the 1980's: "It's important to become your own best friend. Be your own coach. Take to your inner self as if you were talking to another person you care deeply about. And, pray!"

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Consumers urged to save energy on long weekend

CONSUMERS are advised to conserve energy this coming long weekend from April 29 to May 1 as one power plant in Luzon is set for an unplanned shutdown.

“The Department of Energy (DOE) announced that the 647 megawatts (MW) Sual Coal-fired Power Plant (CFPP) Unit 1 will undergo an unplanned maintenance from 29 April 2023 – 01 May 2023 to resolve the build-up of a leak from the plant's boiler tube and cleaning of the generator stator lot bar to rectify increase in temperature,” the DOE said

in a statement Friday.

The DOE said minimal or no power interruptions, however, are expected despite the shutdown of Sual power plant as the maintenance will be done during a long weekend when power demand is relatively low.

“The DOE also requests public cooperation by rationalizing the use of power during the peak demand hours of 11 a.m.–12 noon, 2 p.m.–3 p.m., and 6 p.m.–7 p.m. During these times, all offices and residences using air conditioners are

also encouraged to set their thermostat at 25 degrees Celsius,” it added.

The DOE said it has coordinated with the Manila Electric Co. (Meralco), other distribution utilities, and other retail electricity suppliers to activate and expand their Interruptible Load Program (ILP) to soften the demand during the Sual shutdown.

It said medical facilities, through the Department of Health, will be advised to prepare their generators in case of power interruptions during the period.

PH urged to roll out carbon pricing to cut emissions

THE Philippines is encouraged to follow the initiatives of Southeast Asian neighbors Indonesia, Malaysia, Singapore, and Thailand, on the rollout of any form of carbon pricing. The country could implement carbon taxing or a carbon trading system to accelerate the reduction of its greenhouse house gas emissions, Asian Development Bank (ADB) Economic Research and Regional Cooperation Development economist David Raitzer said on the sidelines of the launch of the ADB’s Asian Development Outlook (ADO) 2023 Thematic Report in its headquarters here Thursday.

Raitzer said the newly released ADO 2023 also tackles the pros and cons of a carbon tax policy and a carbon credit mechanism that could help the country choose the best carbon pricing measure that is more effective for the market.

“Taxation is usually simpler to implement because you can impose it just as a tax on fuel. Whereas, you have to do much more monitoring in a trading system,” he told the Philippine News Agency (PNA). “But in a trading scheme, you can set the emissions objective, and then the market resolves the price.”

The country does not have

any carbon pricing policy but there are initiatives in the legislative branch to pursue a carbon tax and a carbon credit system.

Earlier, Energy Secretary Raphael Lotilla said his department has to carefully assess taxes on the energy sector, as implementing the carbon tax might further hike the already high electricity prices in the country.

The ADB report shows that Asia is highly vulnerable to climate change.

Under a high carbon emissions scenario, climate change could incur gross domestic product losses of 24 percent in developing Asia and 30 percent in Southeast Asia in 2100. (PNA)

A Story of a Word Weaver

Once upon a time, in a faroff land, there was a Word Weaver named Alma. She was a magical being with the ability to weave words into enchanting stories that could captivate any audience.

Alma lived in a small cottage nestled in the heart of a dense forest. She spent her days wandering the woods, collecting inspiration from the natural world around her. She would sit by babbling brooks, listening to the gentle flow of the water and the songs of the birds. She would watch the leaves dance in the wind and the sun glittering through the trees, taking in every detail with a keen eye.

When she returned home, she would light a fire in her hearth and settle into her favorite armchair. She would take out her quill and parchment, and with a flick of her wrist, she would begin

to weave her stories.

The words flowed from her pen like magic, twisting and turning into tales of adventure, love, and loss. She would draw her readers in with her vivid descriptions and masterful storytelling, leaving them spellbound until the very last word.

Alma's stories were sought after far and wide. People from all over the land would make the journey to her cottage just to hear her spin her tales. She would sit in her garden, surrounded by listeners, weaving her words into the air until the stars came out and the fireflies danced.

But Alma was not content to keep her talent to herself. She believed that everyone had a story to tell, and she wanted to help them share it with the world. So she began to offer writing workshops, inviting aspiring writers to

The unplanned maintenance of a unit of Sual power plant was given a green light by the DOE following an assessment meeting held last Tuesday, together with the National Grid Corporation of the Philippines and the TeaM Sual Corp. (TSC).

TSC initially asked the energy authorities for a maintenance shutdown from

April 21 to 23, or for a longer period of seven days from May 5 to 11.

“The DOE, however, assessed that if the maintenance would be a longer seven-day duration on 5-11 May 2023, it would result in a possible yellow alert, or worst, red alert on Weeks 18 (1 to 7 May 2023) and Week 19 (8 to 14 May

2023),” it said.

Instead, the generator slot bar repair will be done around June or July, according to the DOE.

“To avoid worsening the technical problem while waiting for the scheduled repair, Sual Unit 1 operates at a derated output of 580 MW from its full capacity of 647 MW,” it added. (PNA)

Coal mining company remits P16B in royalties to gov’t

SEMIRARA Mining and Power Corp. (SMPC) chairman Isidro Consunji said the listed company’s remittance to the government as royalties in 2022 surged by 151 percent to nearly P16 billion.

During SMPC’s virtual annual stockholders’ meeting Tuesday, Consunji said the firm posted its highest remittance to the government and host communities in

2022 for the past 25 years.

The SMPC remitted P5.9 billion in royalties to the government in 2021.

“Because of our alltime high coal revenues, government share surged by 151 percent to nearly P16 billion, the highest ever contributed by our company to the national government and our host communities,” Consunji said.

He reported that SMPC’s

consolidated revenues last year increased by 74 percent to P91.1 billion from P52.4 billion in 2021, while net income also surged by 146 percent to P39.9 billion from P16.2 billion in the same comparable period.

Likewise, the firm’s operating cash flow almost doubled to P40.8 billion in 2022, also a record-high for SMPC in the past 25 years

come and learn from her.

In these workshops, Alma would teach her students how to tap into their own creativity and use their words to tell their own stories. She would encourage them to explore their own unique experiences and perspectives, weaving them into narratives that were both personal and universal.

Under Alma's guidance, the writers flourished. They discovered their own voices and learned to weave their words into stories that touched the hearts and minds of their readers.

And so Alma continued to weave her magic, sharing her talent with those around her and inspiring generations of writers to come. For she knew that the power of words was limitless and that with the right touch, they could change the world.

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 WED-THU | MAY 3-4, 2023 5 corpWorLd COAL/PAGE 7

Rotary Governor Go Chooses PAG Biema Along as Discon Promotions Chair

CAGAYAN DE ORO CITY - Rotary International District

3870 Governor-elect Gilda "Gigi" Go has appointed Past Assistant Governor Biema Along as District Conference Promotions Chair for Rotary Year 20232024.

As such, Along will be part of the District Conference Committee and she will be working closely with PAG Rosalinda “Linda” Rosales-Deleste, the District Conference Chair.

One of Biema Along's primary tasks is to inform the public about Rotary and the District Conference, and to encourage as many Rotarians of the District to attend the DISCON

"THANK YOU PAG BIEMA for accepting the appointment as DISCON PROMOTIONS CHAIR," the DGE said.

EXTRAJUDICIAL SETTLEMENT OF ESTATE

Notice is hereby given that the late CENECIO VILLANUBOS OMAMOS , who died in Barangay Malanang, Opol, Misamis Oriental on September 23 2020; That said deceased died intestate, and without leaving any outstanding debts in favor of any person or entity to the best of our knowledge; That the said deceased, at the time of his death, left a parcel of land situated at Malanang, Opol, Misamis Oriental and more particularly described as follows: Lot 5813 of subd. Plan (LRC), CAD Lot No. 3352 C-7, Cagayan Cadastre. Containing an area of 14,322 sq. m; That the said deceased also left a building erected on the said parcel of land covered by Tax Declaration No. 943117 A; That we are the heirs of the above-named decedent who are entitled to and have the right to succeed his estate, particularly the above-described properties; That the above-mentioned heirs hereby adjudicate, divide, and partition among themselves in the following manner: (1) MARCIAL

ABELIDES, LOT 5813-I, CAD 237 A parcel of land Lot No. 5813, CAD 237 of the subdivision plan situated in the Barangay Malanang, Opol, Misamis Oriental, Philippines. THENCE….. Containing an area of TWO HUNDRED FIFTY (250) SQUARE METERS, more or less. (2) TOMMY D. OMAMOS, Lot No. 3352-B, CSD-10-011915 (AR). A parcel of land Lot No. 3352-B, CSD10-011915 (AR) of the subdivision plan situated in the Barangay Malanang, Opol, Misamis Oriental, Philippines.

From BLLM No. 39, Cad-237 Barangay Malanang, Opol, Misamis Oriental, THENCE….. Containing an area of ONE THOUSAND THREE HUNDRED THIRTY FIVE (1,335) SQUARE METERS, more or less. (3) VIRGIE O. BARINA, Lot No. 3352-B, CSD-10-011915 (AR). A parcel of land Lot No. 3352-B, CSD-10-011915 (AR) of the subdivision plan situated in the Barangay Malanang, Opol, Misamis Oriental, Philippines. From BLLM No. 39, Cad-237 Barangay Malanang, Opol, Misamis Oriental, THENCE….. Containing an area of ONE THOUSAND THREE HUNDRED THIRTY FOUR (1,334) SQUARE METERS, more or less. (4) ELSIE O. TUMAMPOS, Lot No. 3352-B, CSD-10-011915 (AR) . A parcel of land Lot No. 3352-B, CSD-10-011915 (AR) of the subdivision plan situated in the Barangay Malanang, Opol, Misamis Oriental, Philippines. From BLLM No. 39, Cad-237 Barangay Malanang, Opol, Misamis Oriental, THENCE….. Containg an area of ONE THOUSAND THREE

DISCON

Each year, districts are asked to hold a conference for club members so they can learn about what's happening in Rotary and their district and meet other Rotarians in the area. The conference usually lasts one to two days and includes:

• A visit from a president's representative, who gives an update on Rotary International and inspires and motivates participants

• A report on the district, including its successes and challenges

• An official business meeting to discuss and vote on important district matters

• Local and international speakers giving information on topics relevant to district members

• Time to network, reconnect with friends, and find inspiration for continuing service and community leadership

HUNDRED THIRTY FOUR (1,334) SQUARE METERS, more or less. (5)

WILLIE D. OMAMOS, Lot No. 3352-B, CSD-10-011915 (AR). A parcel of land

Lot No. 3352-B, CSD-10-011915 (AR) of the subdivision plan situated in the Barangay Malanang, Opol, Misamis Oriental, Philippines. From BLLM No. 39, Cad-237 Barangay Malanang, Opol, Misamis Oriental, THENCE….. Containing an area of ONE THOUSAND THREE

HUNDRED THIRTY FOUR (1,334)

SQUARE METERS, more or less. (6)

ANNIE O. BULLECER, Lot No. 3352-B, CSD-10-011915 (AR). A parcel of land

Lot No. 3352-B, CSD-10-011915 (AR) of the subdivision plan situated in the Barangay Malanang, Opol, Misamis Oriental, Philippines. From BLLM No.

39, Cad-237 Barangay Malanang, Opol, Misamis Oriental, THENCE….. Containing an area of ONE THOUSAND THREE

HUNDRED THIRTY FOUR (1,334)

SQUARE METERS, more or less. That Lot No. 3352-B-1 located at Malanang, Opol, Misamis Oriental, containing an area of TWO THOUSAND ONE HUNDRED SEVENTY-THREE (2,173)

SQUARE METERS, more or less. shall be owned by all the undersigned heirs in equal shares. That decedent also owned Lot No. 5813-I located at Malanang, Opol, Misamis Oriental, containing an area of TWO HUNDRED FIFTY (250)

SQUARE METERS, more or less which shall be adjudicated solely to TOMMY

D. OMAMOS, of legal age, Filipino, and a resident of Malanang, Opol, Misamis Oriental, Philippines are the subject of EXTRAJUDICIAL SETTLEMENT OF ESTATE. Made and executed on this

___________ in the City of Cagayan de Oro, between: THE HEIRS OF CENECIO VILLANUBOS OMAMOS, namely:

1. TOMMY D. OMAMOS, of legal age, Filipino, and a resident of Malanang, Opol, Misamis Oriental, Philippines;

2. VIRGIE O. BARINA, of legal age, Filipino, and a resident of Malanang, Opol, Misamis Oriental, Philippines; and

EXTRAJUDICIAL SETTLEMENT OF ESTATE OF A DECEASED PERSONS AMONG HEIRS

Notice is hereby given that the late Spouses Amador L. Baol, who died intestate on ______ and Lygia Nessia Baol, who died intestate on _________at ________, respectively, and made as a part of these presents and leaving no outstanding obligations, accounts and indebtedness to any third party or any banking institutions in Gingoog City or elsewhere in the Philippines; That during the lifetime of Spouses Amador L. Baol and Lygia Nessia Baol, they acquired properties which they left behind, and among which are described as follows: BAOL, AMADOR L. with TD No. F-008456; LOCATION OF PROPERTY Brgy. 22-A; LOT No. 1-E-PSD-10-014868; AREA 689.00 sq.m.; KIND resd’l land. BAOL, AMADOR ET. AL with TD No. F-005710; LOCATION OF PROPERTY Brgy. 20; LOT No. 5-B-5; AREA 242.00 sq.m.; KIND comm’l land. TD No. F-007698; LOCATION OF PROPERTY Brgy. 20;

DEED OF EXTRAJUDICIAL SETTLEMENT OF THE ESTATE OF SPOUSES LORENZO CABAHONFONOLLERA and CRISTITA EULLARAN FONOLLERA

resident of Block 1, Lot 2, Kublai Khan St., Kingsville Subdivision, Barangay Mambugan, Antipolo City, Rizal; 6. ARNOLD BALAOEG FONOLLERA, married, of legal age, Filipino and a resident of Block 42, Lot 55, Mt. Tabor St., Phase 1, Dasmarinas City, Cavite;

3. ELSIE O. TUMAMPOS, of legal age, Filipino, and a resident of Malanang, Opol, Misamis Oriental, Philippines; and 4. WILLIE D. OMAMOS, all of legal age, Filipinos, and resident of Malanang, Opol, Misamis Oriental, Philippines;

5. ANNIE O. BULLECER,

LOT No. 4-G-4-C-7 PSD-10-014287; AREA 875.00 sq.m.; KIND resd’l land. TD No. F-005712; LOCATION OF PROPERTY Brgy. 20; TCT No. T-5916; LOT No. 3 PCS-10-000138; AREA 606.00 sq.m.; KIND comm’l land. TD No. F-005719; LOCATION OF PROPERTY Brgy. 20; LOT No. 13-B; AREA 463.00 sq.m.; KIND comm’l land. TD No. F-011209; LOCATION OF PROPERTY Brgy 21; TCT No. T-7270; LOT No. 11-D-2 PSD-10-010074; AREA 193.00 sq.m; KIND comm’l land; TD No. F-007830; LOCATION OF PROPERTY Brgy. 22; TCT No. T-8082; LOT No. 8-B-9-E-6-B PSD-10-009862; AREA 680.00 sq.m; KIND resd’l land. TD No. F-008425; LOCATION OF PROPERTY Brgy.22-A; LOT No. 8-B-9-E-7-B-5 PSD-10-006288; AREA 439.00 sq.m.; KIND resd’l land. TD No. F-008422; LOCATION OF PROPERTY Brgy.22-A; LOT No. 8-B-9-E-7-B-2; AREA 312.00 sq.m.; KIND resd’l land. TD No. F-008669; LOCATION OF PROPERTY Brgy.22-A; LOT No. 12-1-3 PSD-048057; AREA 1813.00 sq.m.; KIND comm’l land. TD No. F-008691; LOCATION OF PROPERTY Brgy.22-A; LOT No. 8 PCS-10-000725; AREA 1257.00 sq.m.; KIND resd’l land. TD No. F-008692; LOCATION OF PROPERTY Brgy. 22-A;

LOCATION OF PROPERTY Brgy. 26; TCT No. T-7509; LOT No. 1-B-10-B PSD-10-010477; AREA 0.3883 has; KIND coco land. BAOL, LYGIA N. with TD No. F-008706; LOCATION OF PROPERTY Brgy. 22-A; TCT No. T-11163; LOT No. 7-A PSD-10031929; AREA 412.00 aq.m.; KIND resd’l land. BAOL, LYGIA N. ET.AL with TD No. F-008470; LOCATION OF PROPERTY Brgy. 22-A; LOT No. 2-C-3-K-PSD-104308-019682; AREA 429.00 sq.m.; KIND resd’l land. TD No. F-008471; LOCATION OF PROPERTY Brgy. 22-A; LOT No. 2-C-3-L, PSD104308-019682; AREA 419.00 sq.m.; KIND resd’l land; TD No. F-008472; LOCATION OF PROPERTY Brgy. 22-A; LOT No. 2-C-3-M, PSD-104308-019682; AREA 410.00 sq.m.; KIND resd’l land. BAOL, LYGIA NESSIA VDA. DE with TD No. F-045459; LOCATION OF PROPERTY Brgy. Lunao; LOT No. 2708; AREA 428.00 sq.m.; KIND comm’l land are the subject of EXTRAJUDICIAL SETTLEMENT OF ESTATE OF A DECEASED PERSONS AMONG HEIRS. Made and executed by and among their heirs, to wit: 1. ALLAN NESSIA BAOL, of legal age, Filipino, married, and with residence and postal address at Barangay 23, Gingoog City, hereinafter known as HEIR of the Estate of the late Spouses AMADOR L. BAOL and LYGIA NESSIA BAOL; 2. AMADOR NESSIA BAOL, JR. (Deceased), and represented by his children, namely: KATHLEEN TRINIDAD G. BAOL, single; NEAL AMADOR RESTITUTO G. BAOL, married; NICOLE CORAZON BAOL-ROSETE, married; EUNICE FATIMA BAOL-AMPATIN, married; NADINE RITA BAOL-PELIGRINO, married; LEE MAE BAOL-DENDEN, married; KEYNA TIFFANY G. BAOL, single; all of legal ages, Filipinos, and all residents of Barangay 23, Gingoog City, hereinafter known as HEIRS of the Estate of the late Spouses AMADOR L. BAOL and LYGIA NESSIA BAOL; 3. ELLEN RITA KATHERINE NESSIA BAOL-VALDEVILLA, of legal age, Filipino, married and with residence and postal address at Barangay 23, Gingoog City, hereinafter known as HEIR of the Estate of the late Spouses AMADOR L. BAOL and LYGIA NESSIA BAOL; and 4. RESTITUTO ALLEN NESSIA BAOL, of legal age, Filipino, single and also residing at Barangay 23, Gingoog City, hereinafter known as HEIR of the Estate of the late Spouses Amador L. Baol and Lygia Nessia Baol as per Doc. No. 491; Page No. 100; Book No. 15; Series of 2023. Under the Notarial Registry of ATTY. REYCARTE M. NAMBATAC.

BWM Apr 26, May 3 & 10, 2023

Notice is hereby given that the late spouses LORENZO CABAHONFONOLLERA and CRISTITA EULLARAN FONOLLERA, who both died intestate and without will at Cagayan de Oro City on May 20, 1996 and June 17, 1999 respectively. The said deceased, at the time of death, left the following property: A parcel of land (Lot 1443-B-4, of the subdivision plan, Psd - 07-03- 002922, being a portion of Lot 1443-B, (LRC) Psd-224084), situated in the Barrio of Tubtubon, Municipality of Sibulan, Province of Negros Oriental, Island of Negros containing an area of one thousand twenty square meters (1,020 sqm) co-owned with heirs of Eufrecina Fonollera, the metes and bounds thereof are particularly described in Transfer Certificate of Title No. T-25456 issued by the Registry of Deeds for the Province of Negros Oriental is the subject of DEED OF EXTRAJUDICIAL SETTLEMENT OF THE ESTATE OF SPOUSES LORENZO CABAHON-FONOLLERA and CRISTITA EULLARAN FONOLLERA. Whereas, to the best knowledge and information of the parties hereto, the said deceased left no debts at the time of death; Whereas, the HEIRS being of legal age and with full civil capacity to contract hereby these presents agree to adjudicate unto themselves the above-described property extra-judicially in the manner and form hereinafter set forth. Made and executed by and among the surviving legal and compulsory heirs of the deceased, namely: 1. FELECITAS EULLARAN

FONOLLERA, daughter of the deceased who is of legal age, Filipino, single, and a resident of Ramonal Village, Camaman- an, Cagayan de Oro City, Philippines; 2. RAYMUNDO EULLARAN

FONOLLERA, son of the deceased, of legal age, Filipino, married, and a resident of Ramonal Village, Camamanan, Cagayan de Oro City, Philippines; and 3. SARAH FONOLLERA-EGUNA, daughter of the deceased, of legal age, Filipino and a resident of Mt. Cameroon St Blk 11, Lot 18, Bellevue Subdivision, Upper Carmen, Cagayan de Oro City, Philippines, all above-mentioned heirs are represented by VIVIAN DE LEON FONOLLERA, of legal age, single, Filipino and a resident of Purok 4 Maslog, Sibulan, Negros Oriental, Philippines through a Special Power of Attorney entered into the notarial book of Atty. Percy G. Salazar under doc. no. 207, page 41, book no. XVI, series of 2023. Children of the late MELEUSIPO EULLARAN

FONOLLERA, son of the deceased: 4. REMELIZA FONOLLERA BONTOGON, married, of legal age, Filipino and a resident of Block 3, Lot 9, Samui St., Amarilyo Crest Subdivision, Havila, Brgy. Mambugan, Antipolo City, Rizal; 5. MELEUSIPO BALAOEG FONOLLERA JR, married, of legal age, Filipino and a

7. DANNAH FONOLLERA ARCHIVIDO, married, of legal age, Filipino and a resident of 109 Stockholm St., Pasig Greenpark Village, Bry. Manggahan, Pasig City, all the above-mentioned are represented also by VIVIAN DE LEON FONOLLERA through a Special Power of Attorney dated January 13, 2023 entered into the notarial book of Atty. Percy G. Salazar under doc. no. 49, page 10, book XV, series of 2023.

8. AIDA FONELLERA MAGET of legal age, married and a resident of 226 Lexington Road, Kingfield Maine, USA, herein represented also by VIVIAN DE LEON FONOLLERA through an apostilled Special Power of Attorney dated July 22, 2022 bearing the seal of Savannah Merril, a Notary Public in the State of Maine, and certified by Shenna Bellows, the Secretary of State of Maine; Son of the late CELIA FONOLLERA MERO, daughter of the deceased:

9. JULIUS RAPHAEL FONOLLERA, married, Filipino, of legal age and a resident of Lot 30, Block 27 Vista Grande Subdivision, Lumbia, Cagayan de Oro City, herein likewise represented by VIVIAN DE LEON FONOLLERA through a Special Power of Attorney dated January 13, 2023 entered into the Notarial Book of Atty. Percy G. Salazar under doc. no. 50, page no. 10, book no. XV, series of 2023. Children of the late REMEDIOS FONOLLERA GRAFIA, daughter of the deceased: 10. REYNALDO FONOLLERA GRAFIA, married, of legal age, Filipino and a resident of Zosimo Loon Subdivision, Pasay Masiay, San Roque, Zamboanga City; 11. DIONISIO FONOLLERA GRAFIA JR, married, of legal age, Filipino and a resident of Ramos Drive, Lumiyap Road, Divisoria, Zamboanga City; 12. NELIDA GRAFIA SAN JOAQUIN, married, of legal age, Filipino and a resident of Ramos Drive, Lumiyap Road, Divisoria, Zamboanga City, all of them are likewise herein represented by VIVIAN DE LEON FONOLLERA through a Special Power of Attorney dated February 7, 2023 entered into the notarial book of Atty. Hashmin A. Aradni-Dugasan under doc. no. 463, page no. 93, book no. 89, series of 2023. Son of the late ANTONIO EULLURAN FONOLLERA, son of the deceased:

13. DANILO DE LEON FONOLLERA, married, of legal age, Filipino and a resident of Divisoria, Zamboanga City, herein represented by VIVIAN DE LEON FONOLLERA through a Special Power of Attorney dated February 11, 2023 entered into the notarial book of Atty. Dalvio Martinne B. Arisgado under doc. no. 243, page 43, book 2, series of 2023 as per Doc. No. 101; Page No. 21; Book No. XII; Series of 2023. Under the Notarial Registry of ATTY. MARIE CHRISTELLE T. RUBIO.

10 & 17, 2023

6 Wed-Thu | May 3-4, 2023
FEATURE
RELIABLE IN-DEPTH
BusinessWeek MINDANAO
CREDIBLE
266;
No. 54; Book No. II; Series of 2023. Under the Notarial Registry of ATTY. ANA KARLA L. CABRERA. BWM Apr 26, May 3 & 10, 2023
all of legal age, Filipinos, and resident of Malanang, Opol, Misamis Oriental, Philippines as per Doc.
No.
Page
TCT No. T-8006; LOT No. 6 PSD-10-000725; AREA 268.00 sq.m.; KIND resd’l land. TD No. F-016829; LOCATION OF PROPERTY Brgy.22-A; TCT No. T-7989; LOT No. 6-E-2-D-3-E-3-D; AREA 1808.00 sq.m.; KIND resd’l land. TD No. F-023207; LOCATION OF PROPERTY Brgy. 26; TCT No. T-10986. TD No.
F-023167;
BWM May 3,
District Governor-Elect Gilda “Gigi” Go PAG Biema Along

Normin...

from page 1

OIC-vice president, said.

Javier said she still has no definite date when the petition will be filed.

The ALU-TUCP Region 10 sought a more than P40 wage hike but the Regional Tripartite Wages and Productivity Board (RTWPB)-10 only approved P40.

This brought the current minimum wage in the cities of Cagayan de Oro and Iligan and the towns of Tagoloan, Villanueva, and Jasaan in Misamis Oriental province to P405.

The ALU-TUCP 10 calling on the government to address the implementation of the minimum wage after it continues to receive complaints from workers who are still receiving below minimum wage.

"It’s not enough that there’s a law in place if the implementation and enforcement are problematic. Such that there is no adequate penalty given to the violators of the law. Then, employers will continue to violate it," Javier said.

The labor group called on the Department of Labor and Employment (DOLE) to improve the inspection system for business establishments and suggested bringing back the private sector for transparency.

DOLE-10 OIC Director

Estrella Uy-Pahalla said the return of the private sector in joint inspections with the agency is still being studied and needs to be improved.

The agency used to collaborate with the private sector in inspecting business establishments but the program was stopped due to concerns about the implementation and the inconsistencies on the part of the DOLE-accredited inspectors from the private sector. (FRANK ROSETE, PNA)

Crisis...

from page 1

Youth Davao, Kabataan Partylist, and League of Filipino Students joined the protest.

He said the P428 to P443 minimum wage in Davao Region is insufficient to provide the basic needs of a family, and has been devalued with the rising inflation rate.

He said KMU-SMR and BAYAN-SMR are demanding a P1,100 nationwide increase in the minimum daily wage.

He said they support House Bill 7568 or the P750 Wage Increase Bill filed by the Makabayan bloc and Senate Bill 2002 or the P150 Across -the-Board Wage Increase Act submitted by Senate President Miguel Zubiri “as it will give substantial economic relief for the workers if passed.”

Dizon also expressed concern that several jeepney and bus drivers would lose their jobs with the implementation of the Davao Public Transport Modernization Project, also known as High Priority Bus System.

He added that the farmers in the region are also “experiencing the economic crunch as the buying price of agricultural and marine products remain low, while the price of farm inputs and equipment are high.”

“This continuing hardship of our farmers is a product of gross neglect of the government in giving importance to our

agriculture; sans genuine agrarian reform we always have food shortage,” he said.

He criticized President Marcos for traveling to Washington, D.C., “instead of facing the workers and responding to people’s grievances.”

Marcos arrived in the US on Monday for his fourday official visit where he is expected to meet President Joe Biden to reaffirm the strong diplomatic relations of the Philippines with the US.

Instead of crafting meaningful and pro-people socio-economic programs, Dizon said the current administration made it a priority to continue the “neoliberal and repressive policies that aggravated people’s hardships” such as the Tax Reform for Acceleration and Inclusion, Rice Tariffication Law, Anti-Terrorism Act, and the US-RP Balikatan military exercises.

“We call on the government to expand the provision of aid or subsidies to those most affected by unemployment and poverty due to the worsening economic crisis,” he said.

“We call on all Filipinos to stand with our rights to living wage, life, and redress of grievances. Let us not be cowed by red-tagging, harassment, and other militarist programs of the government as it only aims to preserve the current situation,” he said.

Life...

from page 3

before insurance becomes their core priority,” he added. Smeets said they also plan to launch micro insurance and personal accident-related products to encourage more people to be covered.

He said they aim to increase the number of Filipinos from the lower salary bracket, citing that to date, most of those who have insurance are the wealthier individuals.

“Our intention is not to grow market share. Our aim is to protect more Filipinos,” he said. (PNA)

Bank...

from page 3

are enrolled on the digital platform accounts for around 60 percent of their about 9 million clients, which shows that most of their clients have really shifted towards digital transactions.

Chee said some clients, both individual and corporate located both in Metro Manila and outside the National Capital Region (NCR), still prefer going to the branches to have physical transactions

Publication Notice R.A. 10172

CCE-016-2023

due to several factors, such as demographics and acceptance of technology.

“In BPI, we do a phygital (physical and digital) approach because we understand that there are some clients who may not be fully digital… they want to transact with a person, talk to somebody instead of doing it online,” he added. (PNA)

Parents...

from page 4

Coal...

from page 5

from P21.3 billion in 2021.

Consunji also reported that SMPC’s coal production grew by 19 times to 16 million tons last year -- the maximum allowable capacity under its environmental compliance certificate -- from 800,000 metric tons in 1997.

He added SMPC’s domestic coal sales have powered 4,000 megawatts of power plants in the country, or accounting for 20 percent of the energy mix.

Amoran who is half-Maranao, half-Higaonon. Indeed, protecting God’s vanishing creation is the highest form of worship especially during these most critical times when humanity is now in the emergency state, now racing towards the precipice of its 6th extinction due to climate change. discipline and punish him. Let him know that you will always accept him, even if you do not approve of his bad behavior and attitude. Remember, punishment is not something we do TO our child, but something we do FOR our child, so he can build real happiness and success from his good character we have helped him develop. That is how we communicate to our child: “I love you too much to let you think and behave wrongly.”Love should be the reason for everything we say and do with our child.

Today, won’t you ask Jesus to forgive you for your mistakes as a parent? Then ask Him to help you love and teach your children the way they need and are designed for. Just think a minute . . .

Worship...

from page 4

alone, so much raking that they shared with law enforcers, with the media and with religious groups, the reason why they could not hear the cry of mother Earth. It was so frustrating to hear the homily of a priest telling the people that no one should question the occurrence of Sendong as it was the will of God.

It is so painful to note that the so-called Christians are not hearing the cry of the poor and of the earth despite the appeal of Pope Francis in LauDaTu Si. His Holiness has even begged for apology for the “evil done by the Christians against the Indigenous Peoples in Canada.” The Igpanadayug ta Abaga sa Bayug Cooperative in Lantud, Talakag is correct when they organizing the Cooperative of the Indigenous Peoples to protect the amazing Mindamora Falls as they have written then Malacañang to stop the degradation and destruction of the Falls from being converted by a powerful corporation into a hydro-power plant. Sabi po nila, “Kami po ay handang magpakamatay upang mahinto and paninira ng kagubatan.” The cooperative is headed by no less than the Special Task Force Commander of the MILF Northeastern Mindanao Front, Sultan Abdul

NOTICE TO THE PUBLIC

“I am proud of our organization transformation, and even prouder of our meaningful contribution to national energy security and poverty alleviation,” Consunji said.

SMPC president Maria Cristina Gotianun said despite the 55-percent decline in coal shipments from China, the company’s coal sales only slipped by 3 percent last year.

“We reduced our dependence on China and redirected our marketing efforts to local coal buyers,” she said.

Gotianun said the higher average selling prices for coal and electricity increased by double digit last year due to supply and demand imbalances in the global energy market.

The appreciation of US dollar against Philippine peso and Japanese yen also led to foreign exchange gains from SMPC’s coal exports and Japan imports.

DEED OF EXTRAJUDICIAL SETTLEMENT

AMONG HEIRS WITH WAIVER OF RIGHTS

Notice is hereby given that the late ANTHONY T. ALAVE , who died on August 20, 2021, at Northern Mindanao Medical Center (NMMC), leaving a property identified as Lot 30, Block 15, Pcs-10-005063 (Lot No. 20446, 21235) and embraced in Transfer Certificate of Title No. 137- 2017005490, which parcel of land is covered by Tax Declaration No. G-322039, situated in Summerville Subdivision, Lumbia, Cagayan de Oro City is the subject of DEED OF EXTRAJUDICIAL SETTLEMENT AMONG HEIRS WITH WAIVER OF RIGHTS. That the decedent died intestate, without a will or testament, and without any outstanding debts in favour of any person or entity and that no personal property is involved in this instrument. That the parties herein are the only compulsory heirs of the deceased, being all of legal age and with full capacity to contract, have agreed as they hereby agree to settle and adjudicate unto themselves the abovedescribed parcel of land together with all the buildings and improvements found thereon, in equal pro-indiviso shares.

Business expansion

Meanwhile, Consunji bared SMPC’s plan to seek mining opportunities outside Semirara Island.

The company is also open to venturing into liquefied natural gas (LNG) business.

“The Calaca location is ideal for LNG as well as coal. So the question is really an issue of business viability, but basically and technically, there’s no reason why SMPC will not go to LNG,” he added.

Rotary...

from page 8

For the incoming Rotary year 2023-2024, I have appointed Rtn MONTSERRAT ABERILLA as DISTRICT TREASURER. Rtn Manette, as she is fondly called by family and friends, belongs to the Rotary Club of Kalayaan Cagayan de Oro. I have great confidence in her because of her years of impeccable record as Treasurer not only in my club but in other organizations as well.

Thank you very much, Rtn Manette, for accepting the appointment!

Role of District Treasurer in Rotary

The District Treasurer is an important role in Rotary International, which is responsible for managing the finances of the district. The treasurer works closely with other district leaders, including the District Governor, District Secretary, and District Committee Chairs, to ensure that the district’s financial resources are being used effectively to support the goals of Rotary.

Some of the key responsibilities of the District

EXTRA JUDICIAL SETTLEMENT PARTITION OF ESTATE OF THE LATE BENITO SANCHEZ and NECITAS DAVISON SANCHEZ

Notice is hereby given that the late BENITO SANCHEZ who died on 20 APRIL 1976 and NECITAS DAVISON SANCHEZ who died on 07 MARCH 1990 both 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 their lifetime the spouses BENITO SANCHEZ and NECITAS DAVISON SANCHEZ, were owners of property more particularly described as follows:

ORIGINAL CERTIFICATE OF TITLE NO. P-752 Lot No. 19346, Cad-369-D

Beginning at a point marked “1” of Lot 19346, Cad-369-D, being N. 31-49E., 10739.35 from BLLM #1, Cad-237, thence N.20-21 W., 16.79m to point

2; N. 63-58 E., 45.03 m. to point 3; S. 21-53., 20.26 m. to point 4; S. 66-54 W., 22.93 m. to point 5; N. 27-51 W.,

Treasurer in Rotary include: Managing the district’s budget: The treasurer is responsible for preparing and managing the district’s annual budget. This involves working with district leaders to identify the district’s financial needs and priorities, and then developing a budget that allocates resources accordingly. Monitoring financial transactions: The treasurer must keep track of all financial transactions made by the district, including donations, expenses, and reimbursements. This requires close attention to detail and an understanding of accounting principles.

Reporting financial information: The treasurer is responsible for providing regular reports on the district’s financial status to district leaders and members. This includes preparing financial statements, balance sheets, and other reports that help to track the district’s financial performance.

Ensuring compliance: The treasurer must ensure that the district is in compliance with all financial regulations and guidelines set forth by Rotary International. This includes following proper accounting procedures and maintaining accurate records.

Overall, the District Treasurer plays a critical role in ensuring that the financial resources of Rotary are being used effectively to support the organization’s mission of promoting peace, fighting disease, providing clean water, saving mothers and children, supporting education, and growing local economies.

EXTRAJUDICIAL SETTLEMENT OF MOTOR VEHICLE WITH SALE

Notice is hereby given that the late HENRY GAABUCAYAN RAPIRAP, who died on October 18, 2022 at Cagayan de Oro City, Misamis Oriental, without any will, leaving one motor vehicle more particularly described as follows to wit;

Make/Type of Body: KAWASAKI; Motor Number: BC175AEA75016; Chassis

Number: BC175AB51161; Plate Number: QJ4155; Model: 2007; MV File No.: 100800000085433; Classification: TC HIRE; CR. No.: 10216489-3 is the subject of EXTRAJUDICIAL SETTLEMENT OF MOTOR VEHICLE WITH SALE. WHEREAS, the above-named deceased left no known debts or obligation which have not been paid or settled up to this date; WHEREAS, it is to the best interest of the aforesaid heirs by succession, to extra-judicially settle the above-described property; AND WITNESSETH FURTHER: That for and in consideration of the sum of ONE HUNDRED THOUSAND PESOS (Php 100,000.00) Philippine Currency, in hand paid today by FLORENDA

April 25, 2023

AS TO THE WAIVER OF RIGHTS. That We, ALEJANDRA T. ALAVE, ELY ANDREW T. ALAVE and CHRISTE MARIE T. ALAVE, do hereby waive, renounce and relinquish all our rights, participation, possession and share over the above-mentioned house and lots in favor of FLORENCE T. ALAVE , and hereby agree that the same be delivered to his possession exclusively. Made and entered into by and among the Heirs of ANTHONY T. ALAVE , namely: ALEJANDRA T. ALAVE , of legal age, widow; FLORENCE T. ALAVE of legal age, single; CHRISTE MARIE T. ALAVE , of legal age,Filipino, single; and ELY ANDREW T. ALAVE , of legal age, Filipino, single -- all residents of Brgy. Igang, Pototan Iloilo City; As per Doc no. 435; Page no. 88; Book no. 20; Series of 2023. Under the Notarial Registry of ATTY. KAROL CHAIM P. BARTOLOME. BWM

1.80 m. to point 6; S. 65-31 W., 22.37 m. to point 1; point of Beginning. Containing an area of EIGHT HUNDRED AND TWENTY NINE (829) SQUARE METERS is the subject of EXTRA JUDICIAL SETTLEMENT PARTITION OF ESTATE OF THE LATE BENITO SANCHEZ and NECITAS DAVISON SANCHEZ. That the heirs hereby adjudicate unto themselves the above described properties in the manner provided and mandated by the laws of Succession, and in the following manner: EVELYN SANCHEZ FABE identified as Lot 19346-A area of311 sq.m RAMON BLANCO SANCHEZ JR identified as Lot 19346-B area of 100 sq.m MERCILINE SANCHEZ

VENTURA identified s Lot 19346-C area of 218 sq.m HAROLD PACA

SANCHEZ identified as Lot 19346-D area of 200 sq.m. Made and executed by and between the following: HEIRS OF BENITO SANCHEZ and NECITAS DAVISON SANCHEZ, namely: EVELYN

SANCHEZ FABE, RAMON BLANCO

SANCHEZ JR., MERCILINE SANCHEZ

VENTURA, HAROLD PACA SANCHEZ, all of legal age, Filipino Citizens, and residents of Agusan, Cagayan de Oro City; As per Doc No. 278; Page No. 56; Book No. 93; Series of 2023. Under the Notarial Registry of ATTY. QUINTILIANITO S. BABARIN, JR.

B. LORENZO , of legal age, Filipino, married and a resident of 772 Patrick Cronin Village, Camaman-an, Cagayan de Oro City receipt whereof is herein acknowledged in full, the heirs or the late HENRY GAABUCAYAN RAPIRAP, hereby, SELL, TRANSFER, CONVEY, CEDE and ASSIGN the said motor vehicle in favor of FLORENDA R. LORENZO , her heirs, assigns and successors-in-interest free from all liens and encumbrances whatsoever. (Unit sold is used and as-is where is basis). Made and entered into by and between the Heirs of the late HENRY GAABUCAYAN RAPIRAP , NAMELY: ROMEO G. RAPIRAP , of legal age, Filipino, single and a resident of 772 Patrick Cronin Village, Camaman-an, Cagayan de Oro City LORNA R. VISMANOS , of legal age, Filipino, married and a resident of Patrick Cronin Village, Camaman-an, Cagayan de Oro City LUZMINDA G. RAPIRAP, of legal age, Filipino, single and a resident of 772 Patrick Cronin Village, Camamanan, Cagayan de Oro City NOEL G. RAPIRAP, of legal age, Filipino, married and a resident of 812 Patrick Cronin Village, Camaman-an, Cagayan de Oro City - hereinafter called as the Heir/ Vendors. As per Doc No. 282; Page No. 57; Book No. CXCVI; Series of 2023. Under the Notarial Registry of ATTY. JORGE B. MAGDAONG JR.

WED-THU | MAY 3-4, 2023 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 7
Apr 19, 26 & May 3, 2023
BWM Apr 26, May 3 & 10, 2023
BWM Apr 19, 26 & May 3, 2023
In compliance with the publication requirement and pursuant to OCRG Memorandum Circular No.2013-1 Guidelines in the implementation of the Administrative Order No. 1 Series of 2012 (IRR on R.A. 10172). Notice is hereby served to the public that LEONORO CANALES ATIENZA, JR. has filed with this Office a petition for correction of entry in DATE OF BIRTH from “ JUNE 28, 1962 ” to “ JUNE 27, 1962 " in the certificate of live birth of LEONORO CANALES ATIENZA, JR. at Medina, Misamis Oriental and whose parents are LEONORO PON ATIANZA, SR. and FELIPA DADANG CANALES Any person adversely affected by said petition may file his written opposition with this office not later than MAY 10, 2023 (SGD) FRIETCHIE VIRTUDAZO-REYES Municipal Civil Registrar I BWM April 26 & May 3, 2023

Rotary Governor Go appoints Rtn Aberilla as District Treasurer

They work closely with the District Governor to maintain the transparency of district finances and keep proper records of income and expenditures.

Globe tests successful on VoLTE Roaming for partner operators’ upgrade

Globe has successfully conducted technical tests on outbound and inbound

Voice over LTE (VoLTE)

Roaming with Airtel of India as it prepared for the shift of some overseas operators from legacy networks.

The move highlights Globe's commitment to providing an excellent and sustainable international roaming experience for its customers as VoLTE has faster call setup times and clearer voice quality than 2G and 3G.

"Globe will continue to innovate and invest in new technologies to ensure that our customers have the best service. We are excited to roll out VoLTE Roaming and provide them with a seamless and enjoyable experience while traveling in foreign destinations," said Coco Domingo, Globe Vice President for Postpaid and International Business.

A number of telecom companies in other countries are planning to retire their 2G and 3G networks to make way for more efficient 4G and 5G networks. As a result, Globe’s international roaming customers latched on to partners that have already decommissioned 2G and 3G

will no longer be able to make and receive traditional voice calls or send and receive text messages, including OTPs, which are needed for secure banking transactions.

Calls and texts over 4G and 5G networks require customers to have VoLTEcapable handsets and the availability of VoLTE roaming service.

On its way to providing VoLTE Roaming capability, Globe's technical team performed successful VoLTE Outbound Roaming and VoLTE Inbound Roaming calls with Airtel. This demonstrates the readiness of its mobile network to support outbound and inbound VoLTE Roaming.

While VoLTE roaming is still being built, Globe customers in countries that no longer have any 2G or 3G access may opt to subscribe to data roaming offers that allow them to make and receive calls and messages through Over-the-top (OTT) apps such as Viber, WhatsApp, and Messenger. Customers may easily register and track their data usage via the GlobeOne app.

To learn more about Globe, visit https://www.globe.com. ph/.

8 Wed-Thu | May 3-4, 2023
FEATURE CREDIBLE RELIABLE IN-DEPTH ROTARY/PAGE 7 District Governor-Elect Gilda “Gigi” Go
BusinessWeek MINDANAO
The District Finance Committee has the following members: District Finance Chair, DISTRICT TREASURER, Asst. District Treasurer, District Auditor, and Fundraising Chair.
CAGAYAN DE ORO CITY – District Governor Elect Gilda “Gigi” Go has appointed Rotarian Montserrat Aberilla as District 3870 Treasurer for Rotary Year 2023-2024.
VoLTE Roaming

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