BusinessWeek Mindanao (May 5-6, 2023)

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Employment aid

ZAMBOANGA City – The Department of Labor and Employment in Region

9 (DOLE-9) has released some P43.5 million worth of livelihood and emergency employment assistance coinciding with the Labor Day celebration in Zamboanga Peninsula. Engr. Wesley Tan, labor and employment officer of DOLE-9, said Monday that 80 percent of the P43.5 million was distributed to 9,328 beneficiaries of livelihood and emergency employment assistance in this city. The 20 percent or more than P8.7 million was released in the provinces of Zamboanga Sibugay, Zamboanga del Norte and Zamboanga del Sur, and Isabela City.

Reforestation

A POWER firm and a nongovernment organization have agreed to implement a reforestation and carbon sink project in Bukidnon province, a known sanctuary of the Philippine eagle. In a statement Wednesday, Filinvest Development - Misamis Power Corp. (FDC Misamis), said it has partnered with the Philippine Eagle Foundation (PEF) for the 20-hectare reforestation and carbon sink project located in Barangay Guilang-guilang, Manolo Fortich, Bukidnon. Under a signed memorandum of agreement, the PEF will lead the reforestation of the grasslands, planting endemic species within the next three years, while FDC Misamis will provide funding for the entire project.

El Niño advisories

THE Office of Civil Defense (OCD) reminded the public to heed authorities’ advisories on El Niño and implement necessary measures in preparation for the impacts of the phenomenon.

This came after the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) raised its monitoring status from El Niño watch to El Niño alert on Tuesday.

In a memorandum dated May 3, the National Disaster Risk Reduction and Management Council (NDRRMC) directed regional DRRMCs and OCD regional offices to implement preparedness actions which include close monitoring of warnings from PAGASA, issuance of reminders on water and energy conservation, the maintenance of water distribution systems to prevent wastage.

By MARIVIC OMANDAM DAVIS MindaNews

ILIGAN City — The National Grid Corporation of the Philippines (NGCP) energized last week the P52billion Mindanao-Visayas Interconnection Project (MVIP), an undertaking that the power firm expects to improve power stability and reliability across the country.

AVAO City –Mindanao has once more demonstrated its worth as a key contributor to the country's economic growth by posting 7.2 percent Gross Regional Domestic Product (GRDP) last year. In a statement Wednesday, the Mindanao Development Authority (MinDA) pointed to the "much-improved peace and order" situation in Mindanao in recent years as one of the main contributing factors to the island region’s economic growth. Despite the challenges posed by the coronavirus disease 2019 pandemic, MinDA pointed out that Mindanao has shown resilience and adaptability in its economic activities, thereby attracting more investors and tourists to the area. The Philippine Statistics Authority (PSA), inHUGYAW SA KADAGATAN. Barangay Libertad in Kauswagan, Lanao del Norte parades their raft that bagged the top prize during the town’s Hugyaw sa Kadagatan Festival marking the town’s 75th founding anniversary and Feast of San Vicente Ferrer on April 25, 2023. MindaNews photo by RICHEL V. UMEL

French company invests in PH’s first hydrogen plant in Zambo Sibugay

An initial load of 22.5 megawatts (MW) was carried by the high-voltage submarine and overhead lines from Mindanao to Visayas during its energization on 30 April 2023.

“We expect to gradually increase the MVIP’s transfer capacity to 50MW by midMay, and 112MW by the end of the month, before energizing to its full transfer

capacity of 450MW by the third quarter of this year,” the company said in a press release on Wednesday.

The MVIP is comprised of a 184 circuit-kilometer (ckm) High-Voltage Direct Current (HVDC) submarine transmission line connecting the power grids of Mindanao and Visayas with a transfer capacity of 450MW

By ANTONIO L. COLINA IV MindaNews

DAVAO City – The French company Hydrogène de France (HDF) will construct a P5-billion renewable-energy power plant in the province of Zamboanga Sibugay that will generate power from water, an official of the Mindanao Development Authority (MinDA) said on Wednesday.

Carlos Cerezo, MinDA’s area management office head

for Western Mindanao, said during “Wednesday at Habi at Kape” that the foreign direct investor would build a “hydrogen Renewstable” plant, the country’s firstever hydrogen power plant that can supply power to the province.

The Philippine Information Agency, in its website, reported that the proposed plant will be built in

Caraga’s active Covid-19 cases jumps to 201 in 1 week

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

VIS-MIN INTERCONNECTION. High-voltage direct current cables will connect the Lala Converter Station in Lanao del Norte to the Dumanjug Converter Station in Cebu. NGCP Photo

BUTUAN City – Active coronavirus disease 2019 (Covid-19) cases in the Caraga Region increased to 201 as of May 1, the Department of Health in the Caraga Region (DOH13) reported Tuesday. In a statement, the DOH-13 said the current figure is 71 cases higher compared to the previous count of 130 on April 24. DOH-13 said the newly-recorded active cases brought the total cases in the region to 63,651 since

the Covid-19 pandemic was declared in the country in March 2020. A single death caused by the disease was also recorded in the area last week, bringing the total number of deaths to 2,389 since the pandemic was declared in early 2020. Meanwhile, 44 patients recuperated from the disease from April 24 to May 1, bringing the cumulative number of recoveries in the region to 61,061. “No critical or severe admissions due

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NGCP energizes Vis-Min interconnection project

Solon lauds inclusion of Siargao in Arabian Travel Market

BUTUAN City – Surigao del Norte 1st District Rep.

Francisco Jose Matugas has lauded the inclusion of Siargao Island in the ongoing 30th Edition of the Arabian Travel Market in Dubai, United Arab Emirates. “The inclusion of Siargao Island in the Arabian Travel Market is a boost to our efforts to rise from the effects of the pandemic and the recent calamities that hit the island and the province of Surigao del Norte,” the lawmaker said in a statement Wednesday. Matugas, vice chair of the House of Representatives Committee on Tourism, is among the

delegates of the Philippine government to the May 1-4 travel market tourism activity. The Department of Tourism has set up a booth at the travel market to exhibit the tourist destinations and attractions in the country, including Siargao. “This is a great pride for the people of Siargao Island and Surigao del Norte. The Arabian Travel Market is among the biggest travel exhibits in the Middle East,” Matugas said. Major international events have reopened on Siargao Island, including the surfing and game fishing competitions, after being stalled by the pandemic

in 2020. In October last year, the 26th Siargao International Surfing Competition was revived in General Luna town, while the 13th Siargao International Game Fishing Tournament in Pilar municipality also set off last month. Organizers of the Arabian Travel Market said the event features tourism destinations and attractions from around the world to showcase their brands. The biggest names in accommodation and hospitality, and the innovative travel technology providers and airlines are also featured during the duration of the event. (PNA)

CDO rolls out online app for law, med school scholarships

THE Cagayan de Oro city government launched Tuesday an online application for law and medical school scholarships. In a statement, Mayor Rolando Uy said he sees the need for more law and medical professionals, who will assist indigent communities after completing their degrees. The city government has issued the guidelines on its official Facebook page and website for those who are qualified to apply for the scholarships. In general,

qualified applicants must be residents of the city, must not exceed the age of 35, and only has an annual family income of P450,000. The local government will provide the full payment of tuition and matriculation to any partner institution offering law degrees, but for medical school, scholars must only enroll in other government partner institutions. The law and medical school scholarships have been one of the flagship programs of the city government since last year. (PNA)

Benefits of gardening

By RHENESA P. PACALDO Teacher I

WHETHER it’s planting a few potted flowers or an expensive plot of land, one may say there are nearly as many benefits of gardening particularly for seniors as plants themselves. Let’s dig in and unearth some of the considerable advantages of gardening.

The pulling, digging, reaching, twisting and bending of gardening amounts to light aerobic exercise which improves heart and lung health, prevents obesity, high blood pressure, diabetes, osteoporosis, some cancers and more. For most, gardening is engrossing. They don’t even notice they’re engaging in physical fitness. And it’s a whole lot more fun than walking on

a treadmill.

Sunshine has been found to increase serum vitamin D levels. Vitamin D increases calcium, keeping bones and joints strong and lubricated and boosts the immune system.

For those who plant fruits and vegetables, their daily allowance of healthy fare is literally at their fingertips. From salad greens to peppers, squash, cucumbers, tomatoes, strawberries, apples, peaches, herbs and beyond, a garden is a veritable cornucopia of healthful eating.

An important study tracking nearly 3,000 people over 60 for 16 years revealed that gardening can lower the risk of dementia by a whooping 36 percent.

DEED OF ABSOLUTE SALE

Notice is hereby given THAT the VENDOR is the absolute owner of a parcel of land located in Abellanosa Street, Cagayan de Oro City covered by Transfer Certificate of Title No. T-28430 and more particularly described as follows: A PARCEL OF LAND (Lot 806-C Psd-10-001387 being a portion of Lot 806, Cad-237 Cagayan Cadastre) situated in the Poblacion, City of Cagayan de Oro, Island of Mindanao. Containing an area of ONE HUNDRED TWENTY TWO (122) square meters more or less is the subject of DEED OF ABSOLUTE SALE. Made and entered into by and between: TELLY A. PEREZ, of legal age, married to SALVADOR PEREZ, Filipino, and a resident of Abellanosa Street, Cagayan de Oro City, hereinafter referred to as the VENDOR; and EMMANUEL A. GAABUCAYAN, of legal age, married to KAREN ANN P. GAABUCAYAN, Filipino citizen and a resident of Block 1R, Lot 6, Queens Road, Hillsborough Pointe, Upper Carmen, Cagayan de Oro City, hereinafter referred to as the VENDEE; THAT for and in the consideration of the sum of ONE MILLION EIGHT HUNDRED THOUSAND (Php1,800,000.00) , Philippine currency, receipt of which is hereby acknowledged by the VENDOR from the VENDEE, the VENDOR by these presents hereby SELLS, CEDES, TRANSFERS, and CONVEYS, in a manner absolute, unto and in favor of the VENDEE his heirs, successors and assigns the above-described parcel of land free from all liens and encumbrances as per Doc. No. 14; Page No. 4; Book No. 2; Series of 2023. Under the Notarial Registry of ATTY. JAYNARD D. VELARMINO.

BWM May 5, 12 & 19, 2023

EXTRAJUDICIAL SETTLEMENT OF MOTOR VEHICLE WITH SALE

Notice is hereby given that the late GALICANO A. GIRON JR. , who died on November 19, 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: YAMAHA; Motor Number: 34C1015067; Chassis Number: 34C1015067; Plate Number: QT2449; Model: 2008; MV File No.: 1036-00000122873;

Classification: TC; CR. No.: 42811182-1 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. Made and entered into by and between the Heirs of the late GALICANO A. GIRON JR. , NAMELY: SUSSETE T. GIRON, of legal age, Filipino, widow and a resident of Zone 12 Zayas Landfill, Cagayan de Oro City; KENNY T. GIRON, of legal age, Filipino, married and a resident of Zone 12 Zayas Landfill, Cagayan de Oro City; NIMBROUD T. GIRON, of legal age, Filipino, single and a resident of Zone 12 Zayas Landfill, Cagayan de Oro City; REYNIEL T. GIRON, of legal age, Filipino, single and a resident of Zone 12 Zayas Landfill, Cagayan de Oro City; STEPHEN T. GIRON, of legal age, Filipino, married and a resident of Zone 12 Zayas Landfill, Cagayan de Oro City – all above heirs hereinafter called as the Heirs/Vendors; SHIGEL T. GIRON, of legal age, Filipino, single and a resident of Zone 12 Zayas Landfill, Cagayan de Oro City herein after called as the Heir/Vendee. That for and in consideration of the sum of ONE HUNDRED THOUSAND PESOS (Php 100,000.00) Philippine Currency, in hand paid today by SHIGEL T. GIRON, of legal age, Filipino, single and a resident of Zone 12 Zayas Landfill, Cagayan de Oro City receipt whereof is herein acknowledged in full, the heirs of the late GALICANO A. GIRON JR., hereby, SELL, TRANSFER, CONVEY, CEDE and ASSIGN the said motor vehicle in favor of SHIGEL T. GIRON, his heirs, assigns and successors-in-interest free from all liens and encumbrances whatsoever. (Unit sold is used and as-is where is basis) as per Doc. No. 479; Page No. 96; Book No. CXCII; Series of 2023. Under the Notarial Registry of ATTY. JORGE B. MAGDAONG JR.

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PHL financial system ‘resilient’ amid offshore bank issues

THE Philippine financial system remains resilient despite issues affecting the global banking sector, the World Bank said.

“The financial system remains resilient, as banks are overall well-capitalized, with sufficient capital and liquidity buffers, and no material exposure to recently failed banking institutions,” it said in its Philippines Monthly Economic Developments report.

Financial markets across

the globe were sent on edge after the collapse of the Silicon Valley Bank and Signature Bank in the United States, which marked one of the biggest banking failures since the financial crisis in 2008.

A crisis of confidence also hit Credit Suisse, which resulted in a state-led rescue by its Swiss rival UBS Group.

The World Bank said that the Philippine financial sector’s resilience comes from its improved asset quality,

as its nonperforming loan (NPL) ratio has returned to pre-pandemic levels.

Data from the central bank showed the banking industry’s gross nonperforming loan ratio increased to 3.31% in February from 3.28% in January.

However, it was lower compared with the 4.24% print in February 2022.

Total NPLs, which are unpaid loans for more than 90 days, fell by 13% year on year to P411.19 billion as of

Moody's Analytics eyes April inflation at 7.3%

DOMESTIC inflation rate

for April 2023 is expected to remain above-target at 7.3 percent, and an economist of Moody’s Analytics said this will continue to be a challenge for the Bangko Sentral ng Pilipinas (BSP). The forecast is lower than the 7.6 percent inflation print last March but is higher than the government’s 2 to 4 percent target band. Moody’s

Analytics senior economist Katrina Ell said they “expect headline and core inflation (to have) remained heated in April.” “Headline inflation is still above the BSP’s target and is being kept high on account of steep price growth for food items such as red onions, a staple in Filipino cuisine, and also electricity, which is included in the core

CPI (consumer price index),” she said in a reply to questions from the Philippine News Agency. Core inflation, which excludes volatile oil and food items, accelerated to 8 percent last March from the previous month’s 7.8 percent. Ell said “demand-side pressures gathered steam, making a bad situation worse.” She said

end-February from P472.66 billion in the comparable year-ago period.

Bank profitability has also continued to show “considerable improvement,” the World Bank said.

“As of the fourth quarter, return on assets, return on equity, and net interest margin were higher than their pre-pandemic levels. The system-wide liquidity of the banking sector remains

broadly adequate,” the lender said.

Bangko Sentral ng Pilipinas (BSP) Governor Felipe M. Medalla previously said that Philippine banks do not have exposure to the US banks that failed.

Mr. Medalla said this was due to banks’ foreign currency deposit units’ assets being mostly loans and Philippine dollar bonds and sovereign bonds of countries with high

credit ratings.

The BSP also earlier said that it is “prepared to withstand possible shocks.”

The central bank said it has implemented structural reforms, such as the adoption of risk management standards and prudential limits and requirements and strengthened its surveillance mechanisms and coordination efforts to ensure the safety of banks.

Digital payments nears 50% share of all transactions

THE Bangko Sentral ng Pilipinas (BSP) remains confident that it will achieve its goal of shifting at least 50 percent of all payment transactions in digital form by end-2023.

BSP Deputy Governor Mamerto E. Tangonan said preliminary numbers prove that in 2022, digital or e-payment transactions have exceeded the 2021 migration, which was 30.3 percent of all payments in digital form. Tangonan said “indications”

show that “it will surpass” last year’s 30.3 percent.

“We’re doing the measurement right now, (it’s) ongoing for 2022,” he said. The numbers however are still being tallied.

“We will come up with it sometime in July and then we will report it,” he added.

Last week, BSP Governor Felipe M. Medalla said the share of digital transactions in total payments “has been growing steadily” with both InstaPay

and PESONet. Also, more people are using the QR Ph code for payments while all payment service providers still using non-QR PH codes will shift to QR Ph by July this year. The 30.3 percent e-payments as of end-2021 in terms of volume is higher compared to 20.1 percent in 2020. The lockdowns and mobility restrictions were the trigger to convince millions of Filipinos to switch to digital payments or online

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In 2021 US President Joe Biden convened the first ever “Summit for Democracies” hoping to demonstrate the US model of democracy by bringing together countries from around the world he perceived as modeling themselves after the US prototype that serves as the “Beacon on the Hill.”

I have written about this Summit for Democracies every year since, pointing out the realities on the ground that Western survey themselves belie the claims of the US of its shining democracy and enthusiasm of the American people for that democracy.

On the question of their enjoyment of free and fair elections, and the right to free speech, almost a third of Americans, 32 percent and 31 percent, respectively, said they did not, while just 17 percent and 5 percent, respectively in China responded to the same questions negatively.

breaks it down to just two words, “Demo” meaning people and “kratia” meaning “power, rule” and nothing more, which means the interpreter and implementer has all the freedom to innovate to achieve that principle of “people power.

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A Great Son

Think a minute . . . This is a true story about a boy who dreamed of sailing around the world living a life of adventure on the sea. The day finally came at age 15 when he was old enough to follow his dream and join the Navy as a midshipman on a real war ship. Of course, his big challenge now was to convince his mother to let him go. But his dear mother had lost her husband only 5 years earlier and was left to raise more than a dozen children all by herself. So for her to give up her youngest son was asking almost too much. Yet she told him if that was what he really wanted, she would give her approval to let him go.

The day finally came to say goodbye. Her boy was standing in front of her in a dashing Navy uniform, ready to sail away. Suddenly his mother became overwhelmed with the pain of letting go of her youngest son. She began to cry uncontrollably and begged him to stay home to help her and the rest of the family. Her 15-year-old son was quiet for a long time before finally speaking. He wanted with all his heart to become a Navy officer—but not if it was going to break his mother’s heart. He was deeply sad and disappointed, yet he returned home to help his mother take care of the rest of the family.

But that’s not the end of the story. For this honorable young man who almost became a midshipman, later became the

The realities are exposed in two surveys I have been following the past two years. The first is the Alliance for Democracies survey of democracies engaging the Latana consultancy to do polling of 53,000 respondents in 52 countries from West to East, and the Edelman Trust Barometer trust poll.

From the 2022 Alliance for Democracies survey, we learn that 83 percent of China’s citizens say their country is democratic, while only 49 percent of Americans say they have democracy in their country; 91 percent of Chinese say democracy is important to them and only 76 percent of Americans says democracy is important.

Still from the same survey, 63 percent of Americans say their government serves mainly the interests of a minority while only 7 percent of Chinese say their government serve the interests of the minority. So, these are some realities that Americans and the rest of the world should realize in judging “democracies.”

THINK A MINUTE

JHAN TIAFAU HURST

captain of a country. This devoted son who sacrificed everything became known as the Father of the Nation: George Washington, the first President of the United States. The Son of God Himself sacrificed everything, including His perfectly innocent life, because of His great love for us. Then three days later He came back to life to rule over everything He had created. Yet He still gives us human beings the freedom and choice whether or not we will accept His authority and follow His leadership over our life. The great news is that we can trust Him, because He has already proven that He rules and leads us with His unfailing love that sacrificed Himself for us. Won’t you trust and ask Him to take full charge of your heart and life for the rest of your life? You have nothing to lose and absolutely everything to gain. Just think a minute . . .

On equal rights, only 5 percent of Chinese said not everyone enjoys equal rights while 42 percent of Americans said not everyone enjoyed equal rights. On trust in government 91 percent of Chinese say they trust their government while only 39 percent of Americans trust their government, this is what the Edelman Trust Barometer found out.

Another research firm, Pew Research, reported in 2022 that American trust in government went down to “historic lows” when its survey showed only a fifth of Americans trust their government. These realities reflect the true picture and speaks all that needs to be said about which is genuinely democratic.

The 2023 Edelman Barometer which I have just opened presents a chart on the matter of a country’s sense of polarization or divisiveness. The less polarized meaning “seeing few deep divisions” versus “severely polarized” meaning seeing irremediable deep divisions in society.

The Edelman Barometer classifies China amongst the last two of the least polarized societies and the US in third of the top three severely polarized societies coming after Argentina and the narco-state Colombia. Democracy comes from the Greeks and its etymology

Like all things human the political ideal and system of “democracy” should be understood as ever evolving human institutions that develop along with its progressing economic, technological, cultural experiences. This is what has happened to mutating “democracy” -- the forward push of people power through history.

Through the stages of human history his political institution has evolved, from the primitive family to clan and tribal political system, then the feudal and aristocratic structure and onto to the varying forms of democracies emanating from the capitalist system and the variations of social democracies.

The technologies of today are also the reasons for the rise of the scientific socialist people’s democratic systems that are at this stage outcompeting the capitalist “liberal” electoral democratic system due to the capacities of centralized socialist production system to outproduce the capitalist systems.

While the “liberal” electoral democratic systems rely on competition within and without, intra-capitalist competition with similarly capitalist countries, even going into the socialist countries to outcompete their fellow capitalist countries

to exploit domestic and international markets.

The “liberal” political aspect with safeguards to the extreme the individual interest is actually a cover for the Big Boss capitalists’ interest and ensures the divisiveness of the political system -- the height of which we have seen in the US with the 2010 passage of the “Citizens United” laws that opened the floodgates of capitalist financing of partisan politics now destroying America.

Everything in America is poisoned by this corrupted, finance-capitalist controlled and schismatic American political democracy (some say “demon-crazy”). Who would want to buy this “export of democracy” of the US now --- unfortunately that very small, divided state in between the South China Sea and the Pacific Ocean has bought it and buying more of it. Soon it will be vomited.

Editor’s note: The opinions expressed in the foregoing article are solely the author’s and do not reflect the opinions and beliefs of the Philippine News Agency (PNA) or any other office under the Presidential Communications Office.

The betrayal of Christ part of

plan

AS we all know, Christ knew that he was going to be betrayed by one of his apostles but did not do anything to stop it or even just to avoid it. He went ahead with it because as he said, “I am telling you before it happens, so that when it happens you may believe that I AM.” (Jn 13,19)

In other words, the betrayal was part of God’s plan for the completion of Christ’s mission here on earth, that is, our own salvation. While what Judas did was definitely wrong, we, according to the late Pope Benedict XVI in one of his addresses about Judas in 2006, cannot and should not “judge his gesture, putting ourselves in the place of God, who is infinitely merciful and just.”

Pope Benedict continued by saying that the “negative role” of Judas was an occasion for “the total donation of the Son for the redemption of the world.” And from this observation, the late Pope drew a final lesson that can

be learned. And that is that “if even in the Church there is no lack of unworthy and false Christians, it is up to each of us to counterbalance the evil they commit with our own clear witness of Jesus Christ.”

Thus, to be a clear witness of Jesus Christ, we should always play the role of being a servant and a messenger of God through Christ, just as Christ himself acted as a servant and messenger of his Father for our own good, for our own salvation.

That is why Christ repeated so many times that he who sees and listens to him sees and listens to God himself. And if we follow Christ to the point of becoming like him, then anyone who sees and listens to us sees and listens to Christ and to the Father.

We need to be more aware of this responsibility of ours to be like Christ in being a servant and messenger of his Father God who is also our

Father. While we may enjoy some privileged positions in the world, we should never forget that we are meant to be a servant and a messenger insofar as our relationship with God through Christ is concerned.

We have to be wary of our tendency to easily fall into pride, vanity and conceit whenever we enjoy special status in our life here on earth. We should strengthen and continue reinforcing our conviction that we are actually nothing without God and that we need to continually keep an intimate relationship with Christ in the Holy Spirit.

We have to make some readjustments in our understanding of being a servant and a messenger. It should not be pegged only on some worldly and temporal standards. Rather, it should be understood in the context of the role of Christ in our life, he who is the “way, truth and life” for us.

To be sure, understanding

HINTS AND TRACES

being a servant and messenger that way would never be regarded as some kind of downgrading our status. Rather, it would lead us to realize that we are achieving the fullness of our dignity as the “image and likeness” of God, children of his, meant to share in God’s very own life that is supernatural. If this truth of our faith is clear in our mind, there is no doubt that we would be most eager to become servants and messengers of God through Christ in the Holy Spirit!

Herman Tiu Laurel

‘Soon it will be vomited’

God’s

Consumer spending seen to settle at 5.5% this year

THE BMI, a unit of Fitch Solutions, has projected that the Philippines’ household spending this year would settle at 5.5 percent as consumer confidence continues to recover since its all-time low in the second quarter of 2022, the height of the pandemic.

The research group said the consumer spending outlook in 2023 is lower than the 8.7 percent

estimated growth for 2022 due to elevated inflation over the past few months.

“Inflationary forces will remain elevated across 2023, but nominal income growth is still forecast to outpace inflation, which ensures real income growth for consumers, giving greater propensity for spending. However, inflation is likely to remain elevated, and we expect the central bank to tighten monetary policy

further in an attempt to maintain control,” the BMI said in its commentary released to the media on Wednesday.

From 2023 to 2027, the BMI sees consumer spending in the Philippines settle at an average of 5.9 percent.

“The slowdown in growth is in line with expectations, but the pace of deceleration was more modest than predicted.

Elevated energy prices and tightening monetary policy will result in further deceleration during the forecast period,” it added.

The Fitch Solutions unit also said it expects inflation to go beyond the central bank’s target of 2 percent to 4 percent this year.

It added that inflation may continue to worsen this year to 6.5 percent from 5.8 percent in 2022. (PNA)

PH told to develop talents for wind power sector

WITH the growing interest of foreign companies to invest in the Philippines’ wind energy sector, Danish Ambassador to the Philippines FranzMichael Mellbin has urged the Department of Energy (DOE) to develop policy that will ensure the availability of Filipino talents in this sector.

In a statement of the Danish Embassy in Manila late Monday evening, Mellbin underscored the opportunity for the Philippines to be a regional training hub because of the Filipinos’ English proficiency and being a highly globalized workforce.

The envoy said the DOE should craft a policy on developing pool of skilled workers for the wind industry.

Last April 24 to 28, DOE Secretary Raphael Lotilla led a Philippine delegation to Denmark focusing on wind

Republic of the Philippines

Department of Transportation

LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD

Regional Office No.10, Apovel, Bulua, Cagayan de Oro City

JHALYN TRANSPORT SERVICES CASE NO.

Rep.by: JAMES Y. LIM, R10-EV-TTS

Applicant 2023-03-537

NOTICE OF HEARING

APPLICANT request for the Extension of Validity of the Certificate of Public Convenience to operate TOURIST TRANSPORT SERVICE (TTS) on the route: within CAGAYAN DE ORO CITY TO ANY POINT REGION 10 and Vice Versa and with the use of SEVEN (07) unit/s.

This application shall be considered by this Board on MAY 17, 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, AMINODEN D. GURO, Regional Director, LTFRB-Region X, this 3rd day of May 2023 at Cagayan de Oro City, Philippines.

(Sgd.) ATTY. MOHAMAD FAHDEL S. PIMPING HEARING OFFICER

Producer prices ease in March

PRODUCER prices in the manufacturing sector continued to ease in March this year, mainly driven by the lower prices of coke (solid fuel) and refined petroleum products, the Philippine Statistics Authority (PSA) said.

PSA data released on Wednesday showed that the producer price index (PPI) for manufacturing posted an annual increase of 2.6 percent in March, a slowdown from the 3.6 percent increment recorded

MARCH/PAGE 7

Education Competitiveness

By Vivian S. Diamante Teacher 3 Bulua Central School

energy cooperation.

This is after the DOE awarded three service contracts to Danish firm Copenhagen Infrastructure New Markets Fund (CINMF) to develop offshore wind power projects in the country worth $5 billion.

“The visit also showed international interest for supporting the education of Filipino technicians for renewable energy jobs in the Philippines and internationally —where they could play a key role in making the global energy transition possible,” Mellbin added.

Lotilla also met with Danish Permanent Secretary of State for Climate, Energy and Utilities during his visit

in Denmark last week.

The two officials agreed to work on a possible memorandum of understanding on energy sector.

Denmark is one of the global leaders in renewable energy and among the lead providers of technologies to help in climate change mitigation.

In less than a year of the

Marcos administration, two Danish firms have invested in the Philippines for offshore wind projects. These are the CINMF, which is the first fully foreign-owned company that invested in the country’s renewable energy sector, and the Copenhagen Energy. Their combined offshore wind capacity is at 6 gigawatts.

(PNA)

A Story of a Dream Maker

By Alma Lacostales Calibo, EdD Teacher III

Lanao del Norte National Comprehensive High

Once upon a time, in a magical world beyond the clouds, there lived a dream maker named Micah. She had the power to create dreams and make them come true. Micah was a beautiful woman with long, flowing hair and sparkling eyes that shone like the stars.

Micah lived in a castle made of clouds where she spent most of her days weaving beautiful dreams for people all around the world. Her castle was filled with colorful clouds, and every room had a unique atmosphere. In one room, there were soft, fluffy clouds that made you feel like you were floating, while in another room, there were bright, vibrant clouds that made you feel energized.

People from all corners of the world would come to Micah's castle to ask for their dreams to come true. Some wanted to be famous

actors or singers, while others wanted to find true love. Micah would listen to their dreams carefully and then weave a dream specially designed for them.

One day, a little girl named Maria came to Micah's castle with tears in her eyes. Maria told Micah that she had a dream of becoming a ballerina, but her parents didn't support her dream, and she didn't have the money for lessons.

Micah smiled at Maria and promised to make her dream come true. That night, Maria had the most beautiful dream she had ever had. She dreamed of dancing in a grand theater, with a spotlight shining on her as she twirled and leaped gracefully across the stage. When she woke up the next morning, Maria felt more determined than ever to make her dream a reality.

School

With Micah's help, Maria was able to find a scholarship for ballet lessons and worked tirelessly to improve her skills. Years later, Maria became a professional ballerina and performed in some of the most prestigious theaters in the world. She never forgot the dream that Micah had given her, and she was grateful every day for the dream maker who had made her dreams come true.

And so, Micah continued to weave dreams for people all around the world, spreading happiness and hope wherever she went. She knew that dreams had the power to change lives and that she had been blessed with a special gift to help make those dreams come true. And with each dream she created, Micah knew that the world was becoming a better and happier place.

CHILDREN who wish to succeed in academe (or whose parents wish them to do so) may need to start competing at a very young age for places in prestigious schools. To be accepted at a renowned university, one needs to have attended a prominent secondary school. To be accepted at that secondary school, one needs to have attended a good elementary school. To be accepted at that elementary school, one needs to have attended kindergarten that adequately prepares children for rigorous study.

In a society in which the highest paid and most prestigious jobs almost always go to graduates of certain universities, the

position one holds at age 60 may have less to do with one’s performance when 40 or 50 years old than it does with one’s ability to pass examinations at four or five years old. With the future of their children at stake, parents push their children young as two or three to achieve high results. Schools develop curricula to meet these demands. Textbook publishers take advantages of these favorable market conditions. Both schools and business encourage competition as selection criteria. All this results in an increased level of stress for children from preschool age through university.

mc eubhunz indoor shooting range and gun club association Inc.

May 3, 2023

To all the stockholders of mc eubhunz indoor shooting range and gun club association Inc.

Notice is hereby given that mc eubhunz indoor shooting range and gun club association Inc., will hold a special meeting on May 8, 2023, Monday, 10:00 am sharp, at the principal's address of the company 237 GABOA ST. PATAG CAGAYAN DE ORO CITY, MISAMIS ORIENTAL.

This notable meeting has been called for the purpose of ratifying the abbreviating of the corporate life or its dissolution of above mentioned corporation.

On behalf of the Board of Directions, we would like to express our gratitude in continued support. Looking forward for your presence.

Sincerely yours,

BusinessWeek

Editor: GILBERT Y. CHAO

Globe’s employee super app wins two Gold Stevie® Awards for transforming employee experience

Globe’s internal employee super app Quest won two Gold Stevie® Awards in the 19th Annual International Business Awards® Integrated Mobile Experience and HR & Employee Experience sub-categories.

The highly-regarded Awards received entries from organizations in 67 nations and territories. They are presented to companies that have excelled in their respective industries.

The recognition highlights Quest’s ability to simplify and centralize digital processes, enhance employee experience and improve organizational efficiency.

The pandemic quickened digital transformation within companies, and Globe was no exception. In the rush to digitize processes, employees found themselves dealing with up to 22 different internal apps, resulting in increased workload, lack of integration, and data accuracy issues. To streamline the process, employees shifted to using the app that was most familiar to them – Quest.

“Winning two gold Stevies is a testament to the incredible value that Quest brings to the table, especially during such an unprecedented time when companies need to pivot and transform rapidly. Quest

offers a seamless employee experience, resulting in a more productive, efficient, and motivated workforce,” said Jowee Jael-De Leon, Head of Digital People Experience.

Quest started as an award-winning corporate app that simplified training. Eventually, its system was redeveloped and re-designed to house the functions of all external applications, operating as a centralized hub.

With its modern, minimalist user interface (UI) and single sign-on technology that works with facial recognition and fingerprint identification, Quest now serves as an employee’s work-life companion. It is used for recruitment, onboarding, daily operations, performance management, learning and development, educational entertainment, leadership and talent management, all the way to offboarding.

The use of apps such as Quest is in line with Globe’s commitment to the United Nations Sustainable Development Goals, particularly UN SDG No. 9 for Industry, Innovation, and Infrastructure. Globe is committed to upholding the United Nations Global Compact principles and contributing to the 10 UN SDGs.

Quest’s win in the Stevie® Awards is a recognition of the app’s transformative role in the employee experience. It has become an essential tool in the new digital era– improving employee experience, growing the talent pipeline, enhancing work efficiency, building a learning culture, and igniting wellness transformation.

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

How COVID-19 Pandemic Changed the Entrepreneurial and Business Landscape

Michael Bonn A. Bonifacio BA Faculty, College of Business and Management Central Mindanao University

The pandemic challenged the way we do things. It introduced to the world the things we thought we cannot do before. It brought changes to many, many things and that did not exclude the entrepreneurial and business landscape.

During a visit in Cagayan de Oro City of a USAID official, Education Director Thomas LeBlanc said in a newspaper that during pandemic, people got depressed and went out of their jobs because they are very scared of the virus. Then, when the pandemic slowed down, there was a surge of job applications in the United States. They look for the job, but not the job they used to have, they want it online, or mixed of online and offline or hybrid. People

already seek life after work or work and life balance. They have learned to appreciate the things considered as mediocre during 2019, before the pandemic - the work from home set ups of Information Technology companies, insurance companies, sales and a lot more.

Many businesses also transformed into online markets. They were inspired how Amazon, Lazada and Shopee boosted their sales in a short span of time. Physical stores stay relevant by also improving their presence online. Currently, we observed there is already equal competition for both physical and online stores. Online businesses can reach out to their clients by Facebook, Messenger,

Instagram, Tiktok, Websites and more. Individuals who have difficulties to set up physical stores due to large amount of resources needed can already promote their products online and receive rich feedback.

The cause of pandemic in entrepreneurship and businesses was not easy. Some closed their businesses, some has to let go of their employees, and some has shifted to other way of living. However, they pandemic showed how creative people can be. This boost of creativity has forever changed the world. People can work offline, online or both, and people are happy because they already have options, they already have countless opportunities.

Republic of the Philippines SUPREME COURT REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City

OFFICE OF THE PROVINCIAL SHERIFF

NOTICE OF EXTRA-JUDICIAL SALE

EJF-2023-1324

Upon Extra Judicial Petition for Sale under Act 3135 as amended by Act No. 4118. Filed by FIRST STANDARD FINANCE CORPORATION (formerly: First Standard Lending Corporation), for the payment of loan against EDGAR ESPAYOS ORTIGOSA, single, of legal age, Filipino, and a resident of 7 Trinity St., Carmen, Cagayan de Oro City, Philippines & MERRYCRIS BITOY NAVARRO & KENNETH TAGANAHAN NAVARRO of legal ages, Filipino, and a resident of Saarenas St., Bulua, Cagayan de Oro City, Philippines to satisfy the mortgage indebtedness which as of March 31, 2023 amounts to ONE MILLION NINE HUNDRED TWELVE THOUSAND ONE HUNDRED FORTY THREE PESOS AND 33/100(1,912,143.33) Philippine currency, inclusive of the interest and penalty charges, the undersigned Sheriff will SELL at Public Auction on May 22, 2023 at 10:00 o’clock in the morning or soon thereafter at the main entrance of RTC Branch 41, 2nd flr., Goldridge Bldg., Mastersons Avenue cor. P.N. Roa, Sr., Avenue, Upper Carmen, Cagayan de Oro TRANSFER CERTIFICATE OF TITLE NO. T-87864) 137-2022002642

A PARCEL OF LAND (Lot-18453-C-1, OF THE SUBDIVISION PLAN (LRC) PSD-199341, being a portion of Lot-18453-C, (LRC) PSD-175489, LRC REC. NO. 39423, Situated in the District of Lapasan, City of Cagayan de Oro, Island of Mindanao, Bounded on x x x ; Beginning at x x x ; containing an area of FOUR HUNDRED EIGHTEEN(418) SQUARE METERS more or less, including all improvements existing and to be constructed/erected thereon.

City, to the Highest Bidder, for CASH and in Philippine Currency, the real property mortgaged together with all improvements thereon, to wit:

Prospective buyers/bidders may investigate for themselves the Title and Tax Declaration herein-above described and encumbrances thereon, if any there be.

All sealed bids must be submitted to the undersigned on the above-stated date, time and place.

In the event the public auction should not take place on the said date for whatever reason, the same will proceed on the following working day, without further notice, posting and publication.

Cagayan de Oro City, April 13, 2023.

FOR THE EX-OFFICIO PROVINCIAL

Globe Chief Human Resource Officer Ato Jiao with then Channel And People Excellence Head, Ariane Nava, Digital People Experience (DPE) Head, Jowee De Leon and the DPE team receive the Gold Stevie® Awards for Globe’s super app Quest.

Grdp...

from page 1

in a separate statement

Tuesday, noted Mindanao’s remarkable economic standing in 2022 as only slightly lower than the national GDP of 7.6 percent. Among the regions in Mindanao, the PSA said Davao Region led the pack with an impressive 8.15 percent growth rate, while Caraga trailed behind at 5.9 percent. The other expanses in Mindanao—Regions 9, 10, 12, and the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM)—also recorded positive growth rates ranging from 6.59 percent to 7.5 percent. Still, MinDA chair Maria Belen Acosta said there is still much work to be done to sustain and further accelerate Mindanao’s growth trajectory. Acosta cited the continued growth of the agriculture and fisheries sectors, the development of the infrastructure and tourism industries, and increasing investments in the region remains as crucial factors for progress in the area. “Overall, the strong economic performance of Mindanao in 2022 is a promising sign for the region's future, and it is hoped that this growth will continue in the years to come,” she said. (PNA)

Ngcp...

from page 1

expandable to as much as 900MW. The project also includes converter stations in both regions and more than 500ckm of overhead lines to facilitate the flow of electricity, it said.

NGCP said the MVIP will provide sustainable power transmission service that will lessen the instances of power interruptions.

It will also promote energy resource sharing, as excess power generated in one region can now be transmitted to the other, it added.

Parts of the MVIP were completed in 2022, such as the Lala-Aurora 138kV transmission line, the 350kV submarine cable, and cable terminal stations in Santander, Cebu, and Dapitan, Zamboanga del Norte, it said.

Plant...

from page 1 in the municipality of Talusan in Olutanga Island, Zamboanga Sibugay.

Cerezo explained that this facility works by separating hydrogen and oxygen through a process called “electrolysis.”

“Hydrogen is a technology that will provide power in place of fossil-based power plants. Internationally, that is being recognized. In fact,

most industrial countries are shifting to the use of that, and we are lucky because HDF would like to invest in the Philippines,” he said.

He said this hybrid facility, which is also capable of storing power through its batteries, could generate 10 megawatts initially but added that HDF could expand the facility to produce up to 45 megawatts later on.

He said the local government has procured 60 hectares to host the plant.

Cerezo added that the HDF also plans to establish similar facilities in 10 additional areas across Mindanao.

He said that this plant is a game changer for Mindanao’s power industry because it can provide the island with a sustainable source of electricity and lessen its dependence on coal plants that supply more expensive power.

He said the cost of fossil fuel fluctuates as it is driven by the global market.

Once established, Cerezo said the plant would help stabilize power in Western Mindanao where some areas continue to experience rotating brownouts, more particularly in geographically isolated and disadvantaged areas.

“Western Mindanao sits at the tail-end and experiences low voltage…. We need to have a power source that is located within so that it can also provide better services in terms of stable power,” he added.

high-frequency and low value retail transactions.

Last year, to further increase the use of e-payments, the BSP launched the QR Ph person-to-merchant (P2M) payment facility which was cost-effective since it does not require expensive point of sale or data capture terminals.

Basically, the QR Ph P2M is an interoperable digital payments between customers and merchants even if they maintain accounts with different financial service providers. It may also be used for bills payment in the future.

To help spread QR Ph use across the country, the BSP introduced the Paleng-QR Ph Plus program in mid-2022 with the Department of Interior Local Government to help local government units bring QR Ph to public markets and transport hubs for tricycles.

The BSP also launched Bills Pay Ph in 2022, one of three crucial payment streams to shift 50 percent of all payments into e-payments. The other two -- Request-to-Pay and Direct Debit – are yet to be implemented.

Bills Pay Ph enables digital transactions between accounts from different payment service providers by scanning or uploading the QR Ph personto-biller (P2B) code, or by manually inputting payment details for the non-QR mode of payment.

Eyes...

from page 3

said “tourism is bouncing back, pushing up restaurant and accommodation charges in the process.” “The next challenge for the BSP is to sustainably tame inflation. We expect BSP to take interest rates higher until inflation is close to its target of 2 to 4 percent,” she added. The BSP has increased its key rates by a total of 425 basis points since May 2022, bringing the overnight reverse repurchase (RRP) rate to 6.25 percent. The hike was made to help address the acceleration in inflation rate as prices of oil and other commodities in the international market rose last year due to the impact of the Russia-Ukraine conflict, among others. Monetary authorities expect inflation to return to within-target levels by the last quarter of 2023, although inflation is seen to average at 6 percent this year.

The inflation rate in the first quarter this year stood at 8.3 percent, with the March level decelerating to 7.6 percent from 8.6 percent in the previous month.

The PPI during the month was also lower than 5.4 percent in March last year.

The PSA attributed the PPI’s rise at a slower pace to the decline in the index of the manufacture of coke and refined petroleum products industry division at -0.4 percent from 4.2 percent in February.

Other contributors include the slowdown in the annual growth of the manufacture of food products at 5.2 percent from 6.1 percent in February, and the 3.4 percent drop in basic metals.

On the other hand, seven industry divisions recorded higher annual growth rates, led by beverages and furniture, which both grew by 5.9 percent.

The PSA said month on month, PPI posted a decrement of -0.02 percent from -0.1 percent the previous month, mainly due to the lower monthly growth rate of the manufacture of other nonmetallic mineral products.

The PPI is generated from the results of the Producer Price Survey (PPS), which is

EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE LATE SPOUSES MARIO LUMBAN BAGOLOR AND GUILLERMA BAZAR BAGOLOR

conducted nationwide. The survey gathers monthly producer prices of selected products included in the market basket. (PNA)

Rotary...

from page 8

– An open forum where participants can make recommendations to the Board – Local and international speakers sharing information on relevant topics – A chance to network, reconnect with friends, and find inspiration for continuing your service and leadership in your community – Entertainment and social outings

An institute may assemble leaders from one zone, part of a zone, or several zones. The RI president designates one or more conveners to organize each institute and serve as his or her representative there. Past Rotary officers often participate as speakers, panelists, discussion leaders, and institute committee members.

NE:014-10(G-2-D-1, PSD-10-077241);

South: SE;014-14(F,PSD-182574);

Based on the BSP’s 2021 Financial Inclusion Survey (FIS), 56 percent of the adult population have financial account ownership, almost double from 29 percent in 2019.

It peaked last January so far when it hit a 14-year high of 8.7 percent.

Cerezo said the company is negotiating with Zamboanga del Sur II Electric Cooperative, Inc. for a possible supply agreement.

Covid...

from page 1

Covid-19 were recorded in the region last week,” the DOH13 report said, adding that 89 patients found positive for the virus were admitted to the different designated health facilities in the region. The DOH-13 report indicated that only 88 out of 402 nonIntensive Care Unit (ICU) beds, and one out of the 67 ICU beds at health facilities in the region were utilized last week. (PNA)

Digital...

from page 3

transactions.

Under the Digital Payments Transformation Roadmap, about 50 percent of payments in terms of volume should be digitalized by 2023.

The BSP was able to migrate 30.3 percent of transactions into digital form because of merchant payments, peer-topeer (P2P) remittances, and business payments of salaries and wages to employees. All of these payment streams are

The 56 percent is equivalent to 42.9 million of Filipino adults with transactional accounts. About 77.2 million of the total 110 million Filipinos are adults.

The BSP, which releases the FIS every two years, said the latest number of financial transaction accounts is the highest growth to date. Ownership of a formal account is a basic indicator of financial inclusion.

EXTRAJUDICIAL SETTLEMENT OF ESTATE AMONG HEIRS

Notice is hereby given that the late LEA LAM died intestate on August 25, 2021 in Initao, Misamis Oriental, leaving behind a PORTION OF A PARCEL OF LAND, containing an area of EIGHTY (80) SQUARE METERS, more particularly described as follows: Transfer Certificate of Title No. P-23152 A parcel of land (Lot of the cadastral survey of Cagayan with the improvements thereon, situated in Poblacion, Municipality of Cagayan. Containing an area of SIX HUNDRED AND FORTY-TWO (642 SQUARE METERS, MORE OR LESS is the subject of EXTRAJUDICIAL SETTLEMENT OF ESTATE AMONG HEIRS WHEREAS, the parties hereto are the only surviving heirs of the decedent, they being the surviving children of the decedent. WHEREAS, there are no known debts or obligations due against the estate of said decedents; Made and entered into by and between the heirs of the late LEA LAM , namely: PARTIES:

1. BENJAMIN LAM JUMAWAN , of legal age, Filipino, married, and a resident of Capistrano, Kalambaguhan, Cagayan de Oro City;

2. JOAQUIN LAM JUMAWAN, of legal age, Filipino, married, and a resident of Capistrano, Kalambaguhan, Cagayan de Oro City;

3. JUDY ANN LAM JUMAWAN-ZAMORA , of legal age, Filipino, married, and a resident of Capistrano, Kalambaguhan, Cagayan de Oro City;

March...

from page 5

recorded in the previous month.

EXTRA JUDICIAL SETTLEMENT OF ESTATE AMONG HEIRS With Joint Special Power of Attorney

The Philippine Statistics Authority (PSA) is scheduled to release the April 2023 inflation report on Friday. (PNA) Publication Notice R.A. 10172 Republic of the Philippines

CCE-0008-2023 RA 10172 May 2, 2023

In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of the Administration Order No. 1 Series of 2012 (IRR on R.A 10172), Notice is hereby served to the public that SONNY OBSIOMA AGBALOG has filed with this Office, a petition for Correction of Clerical Error/s in the child’s Sex from “MALE“ to “FEMALE" in the certificate of live birth of SONNY URTAL OBSIOMA who was born on August 3, 1969 at Sambulawan, Laguindingan Misamis Oriental and whose parents are GENARO ABUHAN OBSIOMA and FRANCISCA LAGNO URTAL.

Any person adversely affected by said petition may file his written opposition with this Office not later than May 20, 2023.

2023

(SGD)IRIS J. RAGMAC, RN OIC-Municipal Civil Registrar

4. JOYCE LAM JUMAWANTAALA , of legal age, Filipino, married, and resident of Capistrano, Kalambaguhan, Cagayan de Oro City;

5. SUSAN LAM JUMAWAN-JAMOROL, of legal age, Filipino, married, and a resident of Capistrano, Kalambaguhan, Cagayan de Oro City;

6. JUVELYN LAM JUMAWAN-FAJARDO, of legal age, Filipino, married, and a resident of Initao, Misamis Oriental; As per Doc no. 325; Page no. 65; Book no. II; Series of 2022. Under the Notarial Registry of ATTY. TATIANA ELAINE L. CHUN.

BWM Apr 21, 28 & May 5, 2023

Notice is hereby given that the late ALMER VINCENT R. SARIO , (the “Decedent”) who died on August 21, 2021 at Binangonan, Rizal who died without will and no debts; THAT the deceased died intestate, without will or testament and without any outstanding debts in favor of any person or entity; THAT the deceased left the following, described ONE (1) unit VEHICLE more particularly described as follows: Make: Toyota; Series: Vios; Body Type: Sedan; Engine No.: TNRX003443; Chassis no. ; Plate No: NBN-9047 is the subject of EXTRA JUDICIAL SETTLEMENT OF ESTATE AMONG HEIRS With Joint Special Power of Attorney. This agreement is executed between: 1. HERNANI R. SARIO, of legal age, Filipino, married and a resident of Morning Mist, Upper Carmen, Cagayan de Oro City; 2. CHARITO SARIO-JACOB, (deceased) husband deceased, no children; 3. IRIS SARIOAQUINO, of legal age, Filipino, married and a resident of Bugo, Cagayan de Oro City; 4. LEAH SARIO-OCEAÑA, of legal age, widow, and a resident of Bugo, Cagayan de Oro City; 5. VERGIL R. SARIO, of legal age, Filipino, single and a resident of Bugo, Cagayan de Oro City; 6. TERESITA R. SARIO, of legal age, Filipino, single and a resident of Bugo, Cagayan de Oro City; 7. AVELINO R. SARIO, JR., of legal age, Filipino, married and a resident of Bugo, Cagayan de Oro City; 8. ALMER VINCENT R. SARIO, (single/deceased) surviving daughter Coco Margarette C. Sario (minor); 9. ARCHIEL R. SARIO, of legal age, Filipino, married and a resident of Bugo, Cagayan de Oro City. That we hereby authorizes ALEXA RAND SARIO AQUINO to transact, for and in our behalf over the above-stated vehicle with the EastWest Bank, Bonifacio Global City, Taguig Branch and likewise to sign the Deed of Absolute Sale as our Attorney-in-fact to any buyer over the above-mentioned vehicle for and in our behalf as per Doc. No. 457; Page No. 52; Book No. 55; Series of 2023. Under the Notarial Registry of ATTY.

PERSEVERANDO L. ARAÑA JR.

Notice is hereby given that the late SPOUSES MARIO LUMBAN BAGOLOR AND GUILLERMA BAZAR BAGOLOR, who died on January 10, 2022 at Cagayan de Oro City and on September 3, 2004 at Cagayan de Oro City, respectively; That the said deceased, at the time of their death, left eight (8) parcels of land as follows:

1. A parcel of land as Lot No. G-2-C & H-2-B under TCT No. T-2169 and Tax Declaration No. 22-012-000600306 and Property Identification No. 059-12-0006-014-04 with an area of 7,173 sq. m. more or less located at Barangay of Kinawe, Municipality of Libona, Province of Bukidnon, Island of Mindanao, Philippines, more particularly described as follows: Description of Property Boundaries: North: 13-024 & 020 & Road; East: 13-030(Mario Bagolor); South: 13-035(F(LRC) PSD182574); WEST: 13-027(9,Psd-101311017409) 2. A parcel of land as Lot No. G-2-D-5, Survey No. Psd-10-077241 as part of TCT No. T-133057 and with Tax Declaration No. 22-012-0006-00384 and Property Identification No. 05912-0006-014-06 with an area of 300 sq. m. more or less located at Barangay of Kinawe, Municipality of Libona, Province of Bukidnon, Island of Mindanao, Philippines, more particularly described as follows: Description of Property Boundaries: North: NW.014-00(G-2-D-4, PSD-10-077241); East: NE:014-07(G2-D-6,PSD-10-077241); South: SE:01407(G-2-D-6,PSD-10-077241); West: SW:014-04(G-2-D-8,PSD-10-077241)

3. A parcel of land as Lot No. G-2-C, Survey No. Psd-10-007651 (OLT) with Tax Declaration No. 22-012-000600391 and Property Identification No. 059-12-0006-014-03 with an area of 400 sq. m. more or less located at Barangay of Kinawe, Municipality of Libona, Province of Bukidnon, Island of Mindanao, Philippines, more particularly described as follows: Description of Property Boundaries: North: NW.01041 (Road); East: NE:014-04(G-2-D-8, PSD-10-077241); South: SE:01404(G-2-D-8, PSD-10-077241);West: SW:014-02(9,PSD-101311-017409)

4. A parcel of land as Lot No. H(Road Lot) (LRC), Survey No. Psd-182574 under TCT No. T-124804 and Tax Declaration No. 22-012-0006-00392 and Property Identification No. 05912-0006-014-25 with an area of 7,222 sq. m. more or less located at Barangay of Kinawe, Municipality of Libona, Province of Bukidnon, Island of Mindanao, Philippines, more particularly described as follows: Description of Property Boundaries: North: NW.010-41(Road); East: NE:017-19(G1498,CAD-1109), 017-20 to 25(D-1,D-2,D-3, all of Psd-10-071609 & Psd-10-000550); South: SE:021-36(Road Lot); West:

SW:Section 014

5. A parcel of land as Lot No. G-2-D-6, Survey No. Psd-10077241 as part of TCT No. T-133057 and with Tax Declaration No. 22-0120006-00394 and Property Identification No. 059-12-0006-014-07 with an area of 1,677 sq. m. more or less located at Barangay of Kinawe, Municipality of Libona, Province of Bukidnon, Island of Mindanao, Philippines, more particularly described as follows: Description of Property Boundaries: North: NW.014-00, 27 & 09(G-2-D-5, G-2-D-7 & G-2-D-3,PSD-10-077241); East:

West: SW:014-04(G-2-D-8, PSD-10077241) 6. A parcel of land as Lot No.G-2-D-1, Survey No. Psd-10-077241 as part of TCT No. T-133057 and with Tax Declaration No. 22-012-000600395 and Property Identification No. 059-12-0006-014-10 with an area of 4,927 sq. m. more or less located at Barangay of Kinawe, Municipality of Libona, Province of Bukidnon, Island of Mindanao, Philippines, more particularly described as follows: Description of Property Boundaries: North: NW.01427(G-2-D-7, PSD-10-077241); East: NE:014-11(G-2-B-2, PSD-10-066990) ;South: SE:014-14(F,PSD-182574); West: 014-08, 09 & 07(G-2-D-2, G-2-D-3, G-2-D-6 of PSD-10-077241) 7. A parcel of land as Lot No. G-2-D-7, Survey No. Psd10-077241 as part of TCT No. T-133057 and with Tax Declaration No. 22-0120006-00398 and Property Identification No. 059-12-0006-014-27 with an area of 157 sq. m. more or less located at Barangay of Kinawe, Municipality of Libona, Province of Bukidnon, Island of Mindanao, Philippines, more particularly described as follows: Description of Property Boundaries: North: NW.010-41 (Road); East: NE:014-11(G-2-B-2, PSD10-066990); South: SE:014-05,07,08 & 10(G-2-D-4, G-2-D-6, G-2-D-2 & G-2-D-1 of PSD-10-077241; West: SW:014-04(G2-D-8, PSD-10-077241) 8. A parcel of land as Lot No. G-2-D-8, Survey No. Psd10-077241 as part of TCT No. T-133057 and with Tax Declaration No. 22-0120006-00399 and Property Identification No. 059-12-0006-014-04-1 with an area of 9,800 sq. m. more or less located at Barangay of Kinawe, Municipality of Libona, Province of Bukidnon, Island of Mindanao, Philippines, more particularly described as follows: Description of Property Boundaries: North: NW.014-03 & 41(G-2-C,PSD10-007651(OLT) Road; East NE:01427, 05, 06 & 07(G-2-D-7, G-2-D-4, G-2-D-5, & G-2-D-6, PSD-10-077241); South: SE:014-14(F,PSD-182574); West: 014-01(9,PSD-101311-017409) are the subject of EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE LATE SPOUSES MARIO LUMBAN BAGOLOR AND GUILLERMA BAZAR BAGOLOR. Made entered into by and among: The legal heirs of the late SPOUSES MARIO LUMBAN BAGOLOR AND GUILLERMA BAZAR BAGOLOR, namely:

1. AVE RUBY B. BACULANTA, of legal age, Filipino, married and with residence address at Purok 3-B, Gusa, Cagayan de Oro City, hereinafter referred to as HEIR;

2. ALAN B. BAGOLOR, of legal age, Filipino, married and with residence address at Zone 1, Igpit, Opol, Misamis Oriental, hereinafter referred to as HEIR;

3. ALDWIN B. BAGOLOR, of legal age, Filipino, widower and residing at Capistrano-Montalban, Cagayan de Oro City, hereinafter referred to as HEIR;

4. ARLYN B. SULEMA, of legal age, Filipino, married and residing at Zone 1, Buara, Bayabas, Cagayan de Oro City, hereinafter referred to as HEIR; 5. AIREN

B. SABALDANA, of legal age, Filipino, married and residing at Block 31, House

13, Pagatpat, Cagayan de Oro City; and

6. ARMIE B. FELICILDA, of legal age, Filipino, married and residing at Purok

6, Poblacion, Remedios T. Romualdez, Agusan del Norte, hereinafter referred to as HEIR as per Doc. No. 90; Page No. 19; Book No. 20; Series of 2023. Under the Notarial Registry of ATTY. OWEN S. MARCIAL.

BWM May 5, 12 & 19, 2023

BusinessWeek

PAG Bernard Calagui is new District 3870 chair for District Rotary Institute

INSTITUTE is PAG BERNARD CALAGUI, a member of the Rotary Club of Gingoog Bay. Thank you PAG Bernard for accepting the appointment,” DGE Go said.

District Rotary Institute

Each year, past, present, and incoming district and senior leaders attend Rotary institutes to share information, build connections, and exchange ideas about Rotary International and The Rotary Foundation. The institutes usually meet for three to five days, and the program includes:

– An update on The Rotary Foundation and its programs

– A report on our polio eradication efforts

– A five-year forecast presented by a director or other Board representative

ROTARY/PAGE 7