BusinessWeek Mindanao (May 25, 2015) by Mindanao Daily News

BusinessWeek MINDANAO “We Grow Minds”

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Volume V, No. 173

Market Indicators

As of 6:30 pm may 23, 2015 (saturday)

FOREX

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Briefly Mining taxes KORONADAL City -- The provincial government of South Cotabato collected P3.18 million in mining and quarry taxes for the first three months of 2015, exceeding its P3 million target for the period. Siegfred M. Flaviano, head of the Provincial Environment Management Office (PEMO), said the collections are from sand and gravel tax, mining tax, mining permit fees, ore transport fees, occupational mining tax, verification fees, filing fees, permit fees, projection fees, processing fees, fines, penalties and surcharges, and other miscellaneous fees. “The highest point was in March when we collected P1.45 million. The first two months hit an average of P860,000 per month collection only,” Mr. Flaviano said. Of the total amount for the first quarter, the province will have a share of P1.306 million. The rest will be divided among a city and 10 municipal governments in the province.

‘Pinggang Pinoy’ DEPARTMENT of Health (DOH) reiterates its call on mothers to prepare a healthy food plate for the family despite money and time constraint. Nutritionist Telesfora G. Madelo of DOH region 10 said it is high time to start now, considering the increasing rate of persons suffering from chronic energy deficiency and obesity. She recommended the ‘Pinggang Pinoy’ concept developed by the Food Nutrition Research Institute (FNRI), a daily nutritional guide especially designed for Filipinos that complements with the food guide pyramid.

P15.00

Petilla says Minpocor needs enhancements www.businessweekmindanao.com

Monday | May 25, 2015

By MIKE BAÑOS, Editor-at-Large

ITH the House committee on energy’s approval to create a separate company to administer power generation in Mindanao, outgoing Energy Secretary Carlos Jericho L. Petilla said he fully support the proposal with “some enhancements.”

The creation of t he Mi nd ana o Powe r Corporation (Minpocor) hurdled deliberations at the House committees on energy, government enterprises and privatization, and Mindanao Affairs on Tuesday last week and is now set to be presented to the plenary, bringing closer petilla/PAGE 10

Outgoing Energy Sec. Jericho Petilla speaks before NORMECA officials during Moresco-1 45th Annual General Membership Assembly of MORESCO-1 held Friday, May 22 at Laguindingan, Misamis Oriental. photo by mike baños , npn

Steag IPPA privatization to cause spikes in rates By MIKE BAÑOS, Editor-at-Large

GRILLED BANGUS. Balingasag townsfolks grill thousands of newly-harvested Bangus (milkfish) from the town’s aquaculture pond to the delight of both foreign and domestic tourists during last Friday’s commencement of the -weeklong Lambangus Festival 2015. Balingasag is known as Northern Mindanao’s bangus capital. photo by gerry lee gorit

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OUTGOING Energy Secretary Carlos Jericho L. Petilla is working to defer the privatization of government owned generation facilities in Mindanao to protect consumers from another spike in electricity prices. During a press conference held at the Misamis Oriental Ru r a l E l e c t r i c S e r v i c e Cooperative I (MORESCO-1)

45th Annual General Membership Assembly at L aguindingan, Misamis Oriental, Petilla said he wants to avoid a repeat of the Mt. Apo Geothermal experience where prices spiked following the privatization of its Independent Power Producer Administrator (IPPA) contract. “If you have a basket with all your sources of power, and Mt. Apo was removed, what happened was the allocation of all users was reduced. What is good is Mt. Apo’s allocation is available to anyone and can be contracted. Those who contracted first are lucky, but they have a problem because the cost of power from the very same source has become expensive (from P3.00 to ippa/PAGE 10

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2 MILF claims private sector vows to pour ARMM ready P16-B investments in Muslim M’danao to respond to calamities monday|May 25, 2015

COTABATO City -- The Moro Islamic Liberation Front (MILF) on Saturday announced that firms from the private sectors will invest in Muslim Mindanao badly affected by armed conflict. Mohaqher Iqbal, Moro Islamic Liberation Front chief negotiator, said traders told him of their desire to help Muslim Mindanao recover and be at par with other regions in the country. Iqbal said he received the information at the sidelines of Bangsamoro Business Forum in Makati City, organized by the Philippines Business for Social Progress and the World

Bank. He said the private sector is going to invest $6 million to develop areas in Mindanao badly affected by conflict. The amount will be backed by the World Bank and the Japan International Cooperation Agency (JIAS). Iqbal was invited and spoke about the peace process and the Bangsamoro Basic Law. (BBL) “The invitation is a proof that even business groups are supportive of the peace deal and the proposed Bangsamoro Law. Once realized, the amount will also bring fresh development

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to the area even if the BBL is not passed by Congress,” Iqbal said. The forum focused on investment opportunities, drew more than 80 participants from the government and the private sector, including Philippine Long Distance Telephone Co. chair Manuel V. Pangilinan and Ayala Corp. chair and CEO Jaime Augusto Zobel de Ayala. “What we have are hard commitments from a number of companies that will total up to about USD 6 million in investments. That will be in bananas, pineapples, coffee and cacao,” said John Perrine, chair of Unifrutti Group Philippines. “There are some fears that no one will go, no one will invest. These are people who are ready to invest today, without waiting any longer as soon as the funds are available,” Perrine said. Perrine noted that the

investments, which he described as an initial figure, would create around 22,000 jobs across 18,000 hectares of land. Filipino companies like San Miguel Corp. earlier expressed interest to invest in conflict areas in Mindanao. “We have 12,000 combatants with the MILF and other armed groups. The biggest problem is lack of jobs and livelihood. This is something that will provide for them directly,” Perrine said. Also being evaluated are infrastructure projects to facilitate the flow of investments to the Bangsamoro, Richard Bolt, Asian Development Bank country director, said. He cited the Western Mindanao Road Project, which will cover about 500 kilometers of road rehabilitation and upgrades. Bolt said other projects were being evaluated, adding the need was “massive.” (PNA)

MARAWI City -- The Autonomous Region in Muslim Mindanao (ARMM) is ready to respond to natural and manmade calamities that may occur, according to ARMM – Humanitarian Emergency Action Response Team (HEART) director and Regional Disaster Risk Reduction and Management officer Ramil Masukat. Recently, the Philippine Institute of Volcanology and Seismology (Phivolcs) said a magnitude 7.2 earthquake might hit the Philippines anytime particularly in Metro Manila. Masukat said that since calamities like earthquake is unpredictable, its effects might also be felt in other regions in the archipelago. He added that the agency is already conducting activities that will prepare ARMM’s local government units if such calamities strike. “Capacity building is the first

step in calamity and disaster preparation. Thus, besides the regular capacity building for our rescue team, we will also conduct earthquake drills in selected offices and schools within the region,” he said. The ARMM-HEART Operation Center located in Cotabato City has installed an Earthquake Intensity Meter to monitor 24/7 earthquakes occurring in Cotabato City, Maguindanao, and nearby towns. The same equipment was also installed in the province of Tawi-Tawi. The Earthquake Intensity Meter measures and displays the seismic scale should an earthquake occurs. It also records and stores various data that are associated with the earthquake. Masukat, meanwhile, said residents in the region should not be afraid and instead equip themselves with the knowledge on what to do in case such calamities occur in the region. Preparation is the best way to survive any calamity, he said. He also encouraged ARMM constituents to always listen to the radio, the most common media channel in the region, for updates and to have basic emergency kits ready, which include flashlight, batteries, medicines, water and food among others. The last time ARMM experienced a high-intensity earthquake was on August 16, 1976 when some parts of Maguindanao and Sulu were hit by a magnitude 8.0 earthquake that killed at least 5,000 people. (Bureau of Public InformationARMM/APB/PIA-10)

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Alsons to boost earnings by more than half in 2015 A L S O N S CONSOLIDATED Resources, Inc. (ACR), the listed holding f i r m for t he A l c ant ar a Group’s businesses, expects to boost its profit by more than half this year, a company official said.

Luis R. Ymson, Jr., ACR chief finance officer, said on Friday “2015 net income is expected to increase to P1.147 billion.” “ This is a 58% jump f rom P727 mi l lion last year. Similarly, net income attributable to parent will

The diesel-fired 103-megawatt Mapalad Power Corp. plant in Iligan City.

improve to P584 million or a 63% increase,” Mr. Ymson said during the company’s an nu a l s t o c k h o l d e r s’ meeting in Makati City. Supporting the bullish outlook is the sustained contribution from Mapalad Power Corp., which operates a 103-MW diesel plant in Iligan City, he said. The first 105-MW coal plant unit of Sarangani Energy Corp. meanwhile is expected to start contributing in the last quarter of this year. For the f irst quar ter alone, ACR’s net income climbed 13.4% to P213.7 million from P188.4 million in the same period last year, according to Mr. Ymson. Revenues rose 5.9% to P1.201 billion from P1.133 billion in the same threemonth comparative periods, mainly due to the increased contribution of Mapalad plant. B esides that facility, ACR operates two power generat ion faci lit ies in Mindanao: the Southern Philippines Power Corp.’s (SPPC) 55-MW diesel plant in Alabel, Sarangani; and Western Mindanao Power

Corp.’s (WMPC) 100-MW diesel facility in Zamboanga City. ACR Chairman and President Tomas I. Alcantara said in his speech during the annual meeting that the company is keen on bringing in more power generat ion faci lit ies in Mindanao. “ The company is committed to completing five key project expansion strategies we defined in t he pre vious ye ar,” Mr. Alcantara said. T h e f i r s t e x p a n s i on involved the rehabilitation of t h e Map a l a d p ow e r f a c i l i t y, w h i c h w a s completed in 2013. The other projects cover the two 105-MW coal plant units of Sarangani Energy; another 105-MW plant of San Ramon Power, Inc.; and the planned 15-MW Siguil hydro power plant. Mr. Alcantara said the company is also ensuring “future competitiveness its Mindanao power plants “as they near the end of their energ y conversion agreement with the national government.” alsons/PAGE 11

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AirAsia in talks to sell stake in loyalty program MALAYSIAN airline AirAsia Bhd’s loyalty program is in talks with private equity investors about selling a minority stake, which could value the business at about $330 million, people familiar with the matter told Reuters. AirAsia BIG, the loyalty program owned by Asia’s biggest budget airline and Malaysia’s Tune Money International, could raise ab out $100 mi l lion by selling about a 30 percent stake, the people said on Tuesday, declining to be identified as the discussions are confidential. The move is in line with AirAsia’s attempts to monetize its affiliates and comes after the airline – cofounded by entrepreneur Tony Fernandes – reported its first net loss in two years in the October-December quarter. Asian airlines are waking up to the value of frequentflyer and loyalty programs. Last year, Virgin Australia sold a minority stake in its frequent-flyer program to private equity firm Affinity Equity Partners at a valuation which implied it was worth more than a third of the airline’s total enterprise value. In a statement issued after the Reuters story, AirAsia denied it was selling but did

not say whether the loyalty program was in talks with potential investors. “Our AirAsia BIG loyalty program has tremendous potential for growth – leaps and bounds beyond where it is today,” said Aireen Omar, AirAsia’s chief executive officer. “The program has over 13 million members and is growing at a rate of 150,000 new members a month.” The deal was expected to close in a few months, although the talks were currently at an early stage and the value and stake were subject to change, the people said. Airlines sell miles in bulk to commercial partners, which use the credits to attract customers and mine va lu able d at a on t heir spending habits. Members then use the miles to buy anything from seat upgrades to vouchers for retail stores. Un d e rs c or i ng t h e potential in Southeast Asia, home to a rapidly-growing middle-class market and a 600 million-plus population, AirAsia brought in Torontolisted Aimia Inc last year as a minority investor in Think Big Digital Sdn Bhd, which operates AirAsia and Tune Group’s loyalty program. airasia/PAGE 11

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Let go of the the controls

hink a minute…A pilot was flying his small airplane, a Cessna 150, when suddenly he lost control. His plane began spinning and falling to the ground! He panicked and began doing everything he could think of with the controls. Finally, after a few seconds, he remembered his teacher’s words of instruction: “If you ever go into a spin and start falling in this plane, the Cessna 150, just let go of the controls! This kind of plane will stop falling and fly straight again by itself.” But letting go of the controls and trusting the plane to fly straight and save him was the hardest, scariest thing for this pilot to do. Finally, he pulled his hands off the controls and waited. After many seconds of his Cessna plane spinning and falling, it returned to just normal, level flying and he was safe again! Even though the plane fell more than half a mile, the pilot survived because he trusted the plane enough to let go. If you’re in trouble or going through a major problem, decision, or crisis in your life. You may be feeling like you must do all kinds of things to fix it. But nothing you’re doing is working, so you’re frustrated and worried. You know the best thing you can do is what that pilot finally did. Just take your

THINK

A Minute

Battle that changed the course of history (Epilogue)

ike most Filipinos who suffered during the war, President Elpidio Quirino had every reason to hate the Japanese. Yet when he had the opportunity, he never exacted revenge. In an extra-ordinary display of national forgiveness and statesmanship, Quirino pardoned the Japanese war criminals. Quirino’s action stunned most Filipinos who were not satisfied with just the hanging of General Yamashita and the execution by firing squad of General Homma. Filipinos were crying for more blood. The anti-Japanese sentiment simmered as soon as the occupation of Manila started. The conquerors soon alienated the people with their indiscriminate slapping and maltreatment of men, women and children for no other reason than their failure to properly bow to a Japanese sentry. The people’s anger reached boiling point when news spread about atrocities committed during the Death March. The Manila Massacre which resulted in the death of tens of thousands of civilians finally uncorked the pent-up fur y of the populace. This explains why nobody complained about the massive destruction of Manila. It was an acceptable price to pay to be able to pulverize the hated Japanese who were holed up inside Intramuros and other historical buildings. This explains why even in the US Supreme Court, only two justices (one of them being Justice Frank Murphy, the last American Governor General in the Philippines) questioned the possible violation of

hands off the controls and stop trying to change and fix that situation or person yourself. It’s hard to do, especially if you feel you’re the only person who is trying to do anything about it. But why not just let go and ask Jesus to forgive you for living your own wrong way. Then, ask Him to take full charge of your whole life, including your problem. Put every area of your life into God’s hands: your future, schooling, job and family, all your worries and problems. It’s only then that Jesus can start making everything in your life work together for your good and happiness. Every day, Jesus will help you know what you should do, and also how to trust Him to always do His part. It’s only then that you’ll finally have real peace and confidence, even while you’ve got problems. Just Think a Minute…

the rights of the accused Yamashita and Homma during their trial before a military commission created by General McArthur. A national artist – still under age during the war – confessed that his dream was to enlist in the army as soon as he grew up so he could kill the first Japanese he encountered. Against this backdrop, the writings of Salvador P. Lopez (“The Judgment of History”) and Jaime C. Laya (“The Calvary of Elpidio Quirino, 1945-53”) give us a measure of Quirino’s selfsacrifice and statesmanship. Lopez wrote: “As the (allied troops) shelled the Japanese military installations in the area the Japanese soldiers, in sheer d e sp e rat ion , k now ing they could not escape alive , indulged in a cold-blooded massacre of the residents. It was in the course of this murderous rampage that tragedy overtook the Quirino family. “Quirino had gathered his wife and childen about him on that fateful day of 9th February 1945 in the family residence on Colorado Street( presently Felipe Agoncillo), Ermita, to plan their escape from the area. “It w as fou r o cl o ck i n t h e af te r n o on . T h e Japanese had transformed the neighborhood into a holocaust of fire and death. A barrage of shells hit the roof of the Quirino residence. As the house burned, Elpidio decided to escape with his family to the home of his mother-in-law, Mrs. Concepcion Jimenez Syquia, on the same street. “In a desperate attempt

to get out of the hell-hole, Elpidio ordered his son, Tomas, to lead the group. Dona Alicia cuddled her two daughters, infant Fe and Norma. Another son, Armando, carried the family valuables. All the members of the family then dashed towards the Syquia residence. Tomas and Victoria led the group. “Half-way across the street, four Japanese marines, camouf laged in leaves, machine-gunned them. Looking back, Tomas saw the bodies of his mother and two sisters lying lifeless on the ground. Mrs. Quirino died hugging Fe, while Norma lay dead beside her. Armando tried to retrieve their dead bodies but was stopped by machine-gun fire.” Jaime C. Laya (“The Calvary of Elpidio Quirino, 1945-53”) provided other gory details of the massacre. “Carrying the toddler Fe Angela, Mrs. Quirino flees with Tommy, Norma and Vicky to her mother’s home. Elpidio and Armando stay behind gathering food and valuables. “The panicked group reaches the Syquia mansion’s gate, but from Leon Guinto, a machine gun fires. Mortally wounded, Alicia and Norma fall. Fe Angela, pinned under her mother, is bayoneted. Tommy and Vicky escape. Anot her shel l hits t he Quirino home and Elpidio and Armando run. With Agoncillo Street perilous they go through fences, over walls, under houses, separated in the confusion. “Early in the morning, Elpidio reaches the Syquia home, alone. “Elpidio can only retrieve

SPEAKING

O ut

Ignacio Bunye Fe Angela and buries her broken body by the garage”. Indeed, Quirino must have agonized before he signed the Presidential pardon. He was practically alone in a nation that wanted to completely destroy the enemy. To those who sought vengeance, he said: “I should be the last one to pardon them as the Japanese killed my wife and three children, and five other members of my family. I am doing this because I do not want my children and my people to inherit from me the hate for people who might yet be our friends, for the permanent interest of our country.” At the Quirino household, Quirino’s surviving children – daughter Victoria and son Tomas did not, hereafter, hear their father dwell on the family misfortune. In his own book, The Memoirs, there was no mention of the tragedy. In the end, Quirino’s humanity prevailed. He decided to stop the violence. In the process, he did manage to destroy the enemy – by making them our friends. Note: You may email us at totingbunye2000@gmail. com.

The power of paper

P Jhan Tiafau Hurst

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor: Allan Mediante

aper still matters, as I could learn several years from then fellow Philippine Daily Inquirer staff writer Phyllis Korkki. Yes, paper still matters. The frequent whirring of printers in offices - despite the Internet, Microsoft Word, social media (I love Facebook and Twitter), scanners, smart phones applications and many much more - attest to that. I am ver y much old fashioned in many things. I was still typing on an old manual typewriter, when my colleagues in different publishing houses used already electric units. I loved my antique typewriter. I love it till today. Yes, it’s still here in my office in Davao City. I can’t use it anymore, because no more ribbons are available in the Philippines. It’s okay. My electric typewriter is also here. Just beside the manual unite. Those were the days, my love... . It has been sometimes at the end of the 1990’s. I worked as coordinating editor in an international publishing house in Berlin

with branches in Amsterdam and New York. I still used one of those wonderful electric type writers - and tried to avoid vehemently a personal computer. Already during that time I needed to hold paper in my hands. Paper, says the productivity expert David Allen, is “in your face”. I strongly agree with David. He said, “Its physical presence can be a goal to completing tasks, whereas computer files can easily be hidden and thus forgotten. I am also returning to paper planners for this very reason. Please, don’t smile at me, my dear readers! David Allen, the author of “Getting Things Done”, does much of his writing on a computer. So I do meanwhile. But, there are still times when writing with a fountain pen on a notepad. It allows “us” to get “our” heads in the right place. When I tried to learn more from David Allen, I really got surprised, that we have many things in common. Old fashioned or not? I don’t care. Here are some facts:

Paper print outs serve an important function. For long texts, a print out can allow a reader to better understand relationships between sections and writings. Paper handouts are still a presence at meetings partly because they are useful for taking notes. Reading a long document on paper rather than on a computer screen helps people “better understand the geography of the argument contained within, “said Richard H.R. Harper, a principal researcher for Microsoft in Cambridge/ England and co-author with Abigail J. Sellen of “The Myth of the Paperless Office,” published already in 2001. I also strongly agree with Sellen, saying, that using more than one computer screen can be helpful for all this cognitive juggling. But when workers are going back and forth between points in a longer document, it can be more efficient to read on paper. How about “e-reading a book”? A novel, a drama, whatever? What do you

H ave M y Say

Klaus Doring

prefer, my dear reader? You wanna know my opinion? I am sure, you can imagine. Yes guys, I still need a book in my hands for my leisure reading. I need to feel the book as well as I need to smell a fresh-printed newspaper. Environment savers might start jelling at me now, though I am one of them. So, where is the edge and borderline? Paper can be indeed a luscious and beautiful thing - the way we savor fine food and wine, as Steve Leveen, cofounder and CEO of Levenger, said. People complain that writing by hand is slow (yes, doring/PAGE 11

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Globe at CIO Conference 2015: Sharing the journey of becoming a digitally-ready enterprise

lobe Telecom through it’s IT Enabled Services Group, was lead partner of the recently held CIO Conference 2015, organized by Executive Networks Media and IDC Asia/ Pacific. Globe Telecom EVP & COO for International and Business Markets Gil Genio gave the keynote speech where he spoke about the value of innovation in redesigning organizations. During the conference, Genio shares how an organization needs to transform in order to remain relevant in the market. “Two journeys were taken by the organization to stay ahead: one was to become more agile, quicker than the market, and more efficient in serving its customers. But to forge ahead and to maintain the lead, it embarked on the second journey towards innovation,” cites Genio. The CIO Conference is an opportunity for CIOs and ICT professionals to gain new insights from colleagues and industry experts about various critical business and technology issues. The conference’s learning sessions showcased

various IT and business trends that can drive initiatives to help companies become a digitallyready enterprise. As part of its transformation journey to better serve its customers, Globe embraced innovation and reflected it in its core services and customer experiences as a response to the rapid evolution in customer behaviour. “We are facing new competitors and alternatives. We want to expand beyond our natural markets and customers. To succeed, we need speed, scale, and flexibility,” added Genio. Genio concluded by summarizing the company’s journey into key lessons for an organization to succeed in the digital age. This included careful selection of initiative owners who possess a strategic view, investment in businesses outside its core services, adoption of new ways of managing, recognizing difficulty, adoption of new measures and metrics, and evolution of HR and talent management practices. He also added that “CIOs should play the lead role to champion such transformation initiatives.” Globe Telecom’s efforts coming from its extensive

Globe Telecom EVP & COO for International and Business Markets Gil Genio gave the keynote speech at the recently held CIO Conference 2015, sharing Globe Telecom’s journey of becoming a digitally-ready enterprise. [Supplied photo]

transformation yielded remarkable results by end 2014. Globe capped the previous year on a high note, catapulting to leadership in the Philippine telecommunications industry after posting record-breaking business results in its mobile business in 2014. This resulted to dominance in postpaid and mobile data businesses in revenue market share, making

the telco the number 1 mobile brand in the country. To sustain market leadership in 2015, Globe is set to continue revolutionizing the mobile industry with services and offerings that enrich the mobile experience. Complementing its differentiated customer experience through modern network upgrades are its

partnerships with global content providers such as Facebook, Viber, Spotify, NBA, online entertainment service HOOQ, and most recently, iconic entertainment brand Disney. To know more about Globe and its portfolio of products and services, visit www.globe. com.ph

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Ping Lacson TV Commercials Spark ‘Dark Horse’ Talks For 2016

wo t e l e v i s i o n commercials urging for me r S e n ator Panfilo “Ping” Lacson to run for president injected a fresh new twist to the closely watched 2016 presidential race, with Senate Minority Leader Vicente “Tito” Sotto III declaring that Lacson is definitely a dark horse should he decide to throw his hat in the ring. The commercials, one featuring children chanting the traditional playtime rhyme “Pen Pen De Sarapen” with lyrics urging Lacson to run, and another featuring a corner store crowd talking about the former senator’s popular anti-graft and corruption persona, started airing earlier in the

week in several primetime spots. “Seryoso ako kay Ping; siya ang dark horse,” Sotto told reporters during the opening of the Senate’s regular session Wednesday afternoon. “Nakita ko kasi ang (TV) commercial niya, dark horse ito.” The Senate minority leader added that Lacson is known to be a decisive leader and crusader against graft and corruption, qualities that most voters want for the next Philippine president. Lacson for his part said Sotto’s pronouncement reflects growing public interest to hear and see other names that can be considered as good presidential candidates. “There’s apparently

a raging debate where qualification is more important in considering a good presidential c a n d i d a t e ,” L a c s o n said. “His advertence to me seems timely and uncanny.” Lacson, who recently ser ved as President Aquino’s rehabilitation czar and oversaw the coordinated recover y efforts in areas battered by Typhoon Yolanda in late 2013, was a former chief of the Philippine National Police where he gained enormous respect and admiration for whipping the 100,000-strong organization into shape. As a two-term senator, Lacson further distinguished himself for refusing to touch his

MedLend Foundation, a California, USA based non-profit organization donated P2 million worth of medical equipment to the City of Mati. The equipment is intended to augment the health care facilities of the City. The donated equipment consists of two anaesthesia machines, one autoclave machine (sterilizer) and one ultrasound machine. (YPM-CIO Mati)

“pork barrel” allocation totalling Php24 billion over 12 years. Some of the laws he authored are Republic Act

(RA) 9160, as amended by RA 9194, otherwise known as the Anti-Money Laundering Act; RA 9485 or the Anti-Red Tape Act

of 2007; and RA 9166, An Act Increasing the Base Pay of the Members of the Armed Forces of the Philippines.

‘2015 is looking good’

Gov’t and private sector agree at economic seminar The Philippines can expect a lot of positive growth for the next 24 months. State think tank Philippine Institute for Development Studies (PIDS) OIC-Vice President Dr. Adoracion Navarro and Philippine Stock Exchange (PSE) President and Chief Executive Officer Hans Sicat came to this optimistic conclusion at the PIDS Philippine Business and Economic Outlook seminar held on May 19 in Makati City. Both agreed, however, that the risk of overlooking important opportunities remain if both the government and the private sector fail to address the challenges and issues hindering a truly inclusive growth. Sicat said the PSE is anticipating a “robust” 24 months ahead, in terms of infrastructure build, consumer spending, and in particular, the financial sector. In the same positive vein, Navarro posited a 6.8-percent growth for the national economy for 2015. PERFORMANCE Sicat painted an image of accomplishments and ripe growth opportunities ahead for the Philippine financial sector. “We’re trading around 11 billion pesos on any given day. It means that the market is growing faster.”

Upon measuring the behavior of publicly listed firms and their ability to ge ne r ate re ve nue s and net income for the past three years, figures reveal that publicly listed firms have grown faster than the economy since 2011. This means, assuming the belief that stock markets significantly represent the growth of the economy, the financial market has outperformed the growth numbers of the real economy. Sicat considered the level of participation of the market plays relative to the size of the economy as an indicator differentiating developed and developing markets. All the numbers considered, the country is considerably no longer in the underdeveloped market bracket. Out of all the sectors, mining and oil posted dismal numbers. The government’s choice to focus solely on the green side of things, overlooking the business and employment generation of the sector, contributed to its laggard growth, he said. Sicat claimed that if the country can pull itself together, take advantage of the low oil prices, and help optimize mining operations, the sector could contribute one percent to the country’s GDP. In other matters, Sicat

soothed fears about bubbles in the burgeoning property sector. The Banko Sentral ng Pilipinas had put macro policy measures in place, and none of the banking institutions have so far hit any of the warning indicators. Nav ar ro att e s t e d t o the same views about the country’s recent performance. “The Philippines is generally in sync with the vibrant expansion of our neighbors,” she noted. On the demand side, the primary growth drivers were household consumption and net exports. Net exports included miscellaneous services, which constituted 79 percent of total export ser vices. On the supply side, the services sector c ont r i b ut e d t h e m o s t . Meanwhile, manufacturing contributed the most to overall growth, a trend that has consistently progressed following the revival of the sector in 2013. T h e c ou nt r y ’s t ot a l revenues have stayed high, buoyed by expanding of economic activities and broadening of tax base. OPPORTUNITIES PSE is looking forward to major improvements in the financial sector’s penetration rate. In the Philippines, only 31 percent of the population have some kind of banking account. The huge untapped potential demand for banking and corporate expansion adds to Sicat’s optimistic view for the sector’s growth. Currently, actors in the financial sector are trying to enable the environment for a more diverse, easier, and more lucrative trading and securities exchange. The PSE is encouraging more mergers and the consolidation of bank payment systems. It is also reaching out to the top universities to promote market education, on top of running online courses. The launching of new ASEAN indices, PSE hopes, will help improve trading standards. In addition, Sicat outlined the opportunities for other sectors. He predicted that manufacturing firms and the energy sector will do well. The services and tourism sectors will likewise prosper. The gaming and casino industry’s integrated resort and malls are massive operation. “One thing they’ve done that the government hasn’t is spend 3 billion US dollars building infrastructure. This is actually seminar/PAGE 11

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor: Shaun Uy

ABS-CBN’s Agri Tayo Dito host Ruben Gonzaga (center) join the purveyors of the Davao Pomelo Festival.

fFeature

DOT-XI Regional Director Robert Alabado (3rd from left) graces the Davao Pomelo Festival. Together with him are SM Supermalls AVP for Marketing (Mindanao) Russel Alaba (extreme left) and DPSAI President Andrew Tan (right).

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Sharing a pomelo toast at the launch were (from left) DPSAI President Andrew Tan, Councilor Al-Ryan Alejandre, CTOO OIC Lisette Marques, Nenita Farms (Tadeco) owner Victoria Floirendo Brias and SM Supermalls AVP for Marketing (Mindanao) Russel Alaba.

Pomelo Fete & Culinary Delights at SM Lanang Premier Vikings Executive Chef Anton Abad with Chef Richtofen Barraquias show their culinary skills at the Pomelo Festival

Chef Rolando Llido of Hog’s Breath Café share his recipe at the Pomelo Festival while mallgoers look on

The first ever Davao Pomelo Festival came to a wrap last weekend coinciding with the conclusion of the Visit Davao Fun Sale (VDFS). The five-week feast enticed throngs of tourists and locals to celebrate the city’s favorite fruit at The Fountain Court grounds of the metro’s premier shopping and lifestyle destination – SM Lanang Premier. In partnership with the Davao Pummelo Stakeholder’s Association, Inc. (DPSAI), SM Lanang Premier kicked off the Davao Pomelo Festival on a successful note in April. No less than Councilor Danilo Dayanghirang graced the event on behalf of Mayor Rodrigo Duterte, together with Councilor Al-Ryan Alejandre, Department of Tourism (DOT) Regional Director Robert Alabado, City Tourism Operations Officer Lisette Marques, and Dr. Lorna Herradura of Bureau of Plant Industry. REDD’s GI Consultant Peter Canary and ABS-CBN’s Agri Tayo Dito host Ruben Gonzaga were on hand to show support for the event. Meanwhile, SM officials led by SM Supermalls AVP for Marketing (Mindanao) Russel Alaba gave the guests a warm welcome. SM Supermalls AVP for Marketing (Mindanao) Russel Alaba welcomes the guests.

Chef Chino San Jose of Chippens slices the pomelo to get the pith, which will be used for his dish

Leading Pomelo producers – Vic Farm, Tadeco Nenita Farms, Fe Felicilda, Sheba Marie Elefante, Helen Cabalida and Sarangani Agricultural Co., Inc. – retailed their best-tasting pomelos for the duration of the festival. As a treat for weekend visitors, Eat-All-You-Can pomelo promos were made available on Saturdays and Sundays. Mallgoers were given the chance to witness free culinary demos on April 18, 19, 25 and 26 and get a taste of pomelo dishes and drinks. Featured chefs from Hukad, Hog’s Breath Café, Vikings, Chippens, Park Inn’s RBG, Center for Asian Culinary Studies, Institute of International Culinary and Hospitality Entrepreneurship, and Philippine Women’s College School of Hospitality Management showed audiences how they can concoct dishes and drinks with pomelo. The Davao Pomelo Festival was SM Lanang Premier’s way of promoting the Visit Davao Fun Sale. It was supported by the Davao City Government, the Department of Science and Technology, the DOT, the Department of Agriculture, Department of Trade and Industry and REDD-Ltd “Sharing Knowledge for Ethical and Tasty Food.” As part of the DOT’s Flavors of the Philippines campaign, the Davao Pomelo Festival aimed to foster food tourism and generate more awareness and appreciation for one of Davao’s foremost fruits.

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Synergizing: Leadership ability essential towards achieving goals By EVELYN B. RIVERA Teacher II Bugo Central School

“The greatest leader is not necessarily the one who does the greatest things. He is the one that gets the people to do the greatest things.” − Ronald Reagan Leadership means a lot of things. Its path is a mixture of good and bad. There are bad things which are equal to rough and rocky roads, but for a true leader, he could lead bad stuff to good things, and consider such things as tunnel way to success. Example of unfavorable things, which commonly happens, is when a leader will be in a situation where everything run as planned. In this very moment, there is no turning back. Thus, a leader should be brave to face the situations and courageous enough to solve the problems that came along. It takes so much to be a leader. The achievement of their goal as a group highly depends on how he handles the team and situation. Hence, he should b e wel l-e quipp e d and effective in handling these responsibilities.

In a business book of Steven R. Covey, Seven Habits of Highly Effective People, he said that one of habits of effective people is the ability to synergize, t h e h a bi t o f c re at i v e cooperation. This principle states that the whole is greater than the sum of its parts. In here, each one’s effort is given value of, because their potential and their contribution matters in attaining one goal. In this, a leader should remind his self that the team would not function well if one contribution is missing, for it is a fraction of a whole. Leaders are the captains of the ship, pilots of the plane, and drivers of the car. They are the main driver for a thing to sail forward, fly upward and move in exact direction. However, they cannot do the entire task to themselves in order to keep the whole thing going.

Petilla... from page 1

to fruition plans to prevent the privatization of the island’s main hydro power facilities. During a press conference held during the Misamis Oriental Rural Electric Service Cooperative-1 (MORESCO-1) 45th Annual General Assembly in Cagayan de Oro City on Friday, Petilla said he fully supports the objectives of the proposed Mindanao Power Corporation (Minpocor) with some refinements. “While I agree with this proposal, I wonder why we don’t give it instead to the end users which are the cooperatives? If you will be the ones to use it, why set up a middle man which would just result in a higher price?” he asked. The bill, principally authored by Rep. Edgardo R. Masongsong (1-CARE Party List) with 33 other legislators as co-authors, consolidates three House bills earlier filed which sought to retain the Agus and Pulangui hydro complexes as staterun facilities, with the two supplying more than half of the region’s power needs. Masongsong, who also addressed the MORESCO-1 AGMA earlier, stressed he was devoting his full focus on the passage of the Minpocor bill before the term of the current Congress ends next year. “So that is the gist of the Minpocor, which I fully support, except for some little changes which need to be made. However, this would still take time since it still has to pass through Congress, it will still have to pass through the plenary where it will be debated upon, and after that, it heads for the Senate where we have no idea what would happen to it, so there might not be enough time to pass it and it may lapse. If it doesn’t, perhaps the next Congress

or the next Senate would have to pass it,” Petilla said. Former National Power Corporation (Napocor) President Guido Alfredo A. Delgado shares Petilla’s reservations regarding the possibility of the proposed Minpocor becoming another third party which could unnecessarily increase the cost of power in Mindanao. In an opinion column regarding the privatization of Independent Power Producer Administrator (IPPA) contracts published recently by MindaNews, Delgado pointed out that IPP costs include administration, fixed and energy charges. He said the administration charge is just an added cost that increases the generation cost as evidenced by the recently privatized Mt. Apo geothermal power plants. “As a result, the generation cost increased from P3 per kilowatt hour (kWh) to P5.37 per kWh, according to the Association of Mindanao Rural Electric Cooperatives or AMRECO,” Delgado said. “The AMRECO said that the significant increase in the generation charges was due to the administration cost charged by the IPPA. If these figures are correct, the difference of P2.37/KwH is what we in finance call an “arbitrage” because the profit is made out of an extraordinary market condition. At that spread, one can already put up a coal-fired power plant!” In addition to his support for the Minpocor bill, Petilla also suggested to its advocates to consider adding the STEAG coal-fired power plant to its portfolio. “In the privatization of the Mindanao Power Corporation, all that’s mentioned is only the AgusPulangi hydro. I suggested they include STEAG in the portfolio. Why? STEAG is cheaper than the new coal plants of Aboitiz, San Miguel and Filinvest. Why have it privatized?

The effects of irresponsible computer usage to student’s study habits By Mery Flor C. Jamilon Teacher I Pob. Muslim Elementary School Pob. Muslim, Titay, Zamboanga Sibugay Titay District Division of Zamboanga Sibugay

CDO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947

DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631

CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491

LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739

CORRALES BRANCH Corrales Ave., Cagayan de Oro City

CARMEN BRANCH Vamenta Blvd.,Cagayan de Oro City Tel. # (088) 231-2011

Modern technologies are created to upscale our kind of daily life. It is true that the invention of these advanced materials somehow made our tasks and activities easier and faster, making life more comfortable. However, truth be told that it does not just elevated things used to run, but as well people’s good lifestyle. Computers have made several changes in this world. In earlier times when computers are not yet invented, students used books and their notes in studying. They do not rely and engage in activities using technologies. Despite also on the lack of these high-definition gadgets, students still gain good and high grades. In addition to that, students exert effort in studying. They are focused and are striving the hardest to achieve higher grades. In this era, industrial e v o l u t i o n o c c u r s . It envelopes the age of modern technology where almost ever ything are highd e f i n i t i o n . C o mp u t e r technologies are getting advanced as time passes by.

Along with that growth and change are the people who almost instantly adapt to changes. Students transform their study habits easier and now, filled with fun. There also come a time that if students are not properly guided, good study habits change. Once they got used in using computers, there is a possibility that they will be attracted to other services offered by these gadgets such as games, social networking sites. Worse is students will be hooked to this activity, diverting their attention from studying to playing. The existence of technology is a great help to humanity. Its prime role is, for one, to help in finishing big tasks in quick manner. It gives comfort and saves time. However, when used irresponsibly, it could also be a tool, pushing people to practice beyond necessary. Even though these things exist, students and teenagers, as common victims, should not also forget that they are humans, they can think and could be responsible. Computers should not control them.

Instead include it in your portfolio for MPC. So even if it makes your MPC price a little more expensive, it is still cheaper than if you source it from the other newer plants.” Meantime, Petilla clarified that he has tendered his irrevocable resignation as energy secretary which has been accepted by President Aquino provided a qualified replacement is found. “The President said there are laws which stipulate that you cannot simply walk away from a high position in government, there are laws to be followed, you should have a replacement. Although he accepted it, he said please stay on until I find a replacement.” Petilla said he has been helping the Chief Executive in the search for a replacement but personally prefers the appointment of a career undersecretary who would implement programs already in place.

IPPA... from page 1

P5.37/KwH). Why? Because of the existing shortage of power in Mindanao,” Petilla said. “I don’t want this to happen when the IPPA of STEAG is privatized. Privatization should only move forward when there is already an excess supply of available power,” he added. Petilla said he has reached a compromise with the Power Sector Assets and Liabilities Management Corporation (PSALM) by which privatization can proceed but with a lock-in price for the next 2-3 years. “Our compromise with PSALM is to proceed with privatization but lock-in the price of the contract. And this stays until there is already an excess supply of power in Mindanao. But the bidding will continue,” he explained. Speaking in the vernacular, Petilla explained that in a nutshell, what happened is that nothing will change as far as the supply of PSALM is concerned, as far as price is concerned, during the lock-in period of 2-3 years. “After 2-3 years, the IPPA will be released by PSALM, it will be awarded to the winning bidder at what price they can offer, but by then you here in Mindanao would have choices. Why? There will be many news plants which would be online by then.” Former National Power Corporation President Guido Alfredo A. Delgado concurs with Petilla’s assessment. In an opinion column published by MindaNews, Delgado said the current power shortage in Mindanao mandates a freeze on further privatization of IPPA contracts. “An IPPA is an entity chosen by PSALM, which administers, conserves

and manages the contracted power output between an Independent Power Producer (IPP) and the NPC. The IPPA is a post EPIRA invention concocted to supposedly take away the market risk from National Power Corporation or NAPOCOR or PSALM by passing on the risks to the private sector. “Market risk” is present presumably because there is stiff competition and the government is not in a position to take on such risks. After all, the EPIRA’s thrust is for the privatization of government-owned power assets to promote competition among the power sector players,” Delgado explained. “But what competition are we referring to in Mindanao? Competition only exists if there are sufficient buyers and sellers in the market and the government is simply ineffective in capturing market share. But is it? And for Mindanao, how can there be competition in a market that has power shortage? Even Davao is suffering from brownouts,” he said. In the deferment of STEAG’s IPPA privatization, Petilla also suggested to the movers of the proposed Mindanao Power Corporation to include the coal plant in its proposed portfolio, in addition to the Agus-Pulangui hydropower complex. “In the privatization of the Mindanao Power Corporation, all that’s mentioned is only the AgusPulangi hydro. I suggested they include STEAG in the portfolio. Why? STEAG is cheaper than the new coal plants of Aboitiz, San Miguel and Filinvest. Why have it privatized? Instead, include it in your portfolio for MPC. So even if it makes your MPC price a little more expensive, it is still cheaper than if you source it from the other newer plants,” he said. Delgado also suggested that the DOE stabilize Mindanao’s power supply first to bring down costs before undertaking further privatization. “My suggestion is for the DOE to reconsider the plans of selling the remaining power output of the remaining Mindanao power plants to the private sector altogether, and instead, focus on securing the system by stabilizing power supply and bringing down the costs. And putting more renewable energy in the power supply mix for the region is the key to energy security in the region, and elsewhere in the country,” Delgado said. Petilla agreed that indeed, the DOE would focus on securing the stabilization of power supply and prices in Mindanao without necessarily getting in the way of PSALM’s mandated privatization of government owned assets. “I have no problem with privatization, that’s mandated by law. But timing is all-important,” Petilla stressed.

ASIA WORLD PAWNSHOP

Main: Osmeña-Cogon Market, Cagayan de Oro Branch: Ipil,Carmen , Cagayan de Oro NOTICE OF AUCTION SALE Starting June 5, 2015 at 9:00 A.M. to 5P.M., this establishment will set an Auction Sale on all pledges since January 2015. Patrons are enjoined to verify their receipts.

MANAGEMENT PAHIBALO

Sa Hunyo 5, 2015 sa may 9:00 sa buntag paingon da alas 5:00 sa hapon, ang Tanan nga penirenda nga wala malukat sa bulan sa Enero 2015 maapil sa subasta. Giawhag ang tanan suki sa pagsusi sa ilang resibo. BWM: May 25, 2014

ANG TAGDUMALA

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Alsons... from page 3

Both facilities in the region are under an 18-year agreement with the Power Sector Assets and Liabilities Management Corp. that would lapse in May 2016 and December 2015, respectively. “We still believe that focusing on achieving these goals is the best way to secure the viability of the company in the future,” Mr. Alcantara said.

AirAsia...

from page 3 AirAsia’s BIG loyalty programme is spread across Southeast Asia. It includes over 100 partners ranging from credit card companies, retail stores, hotels and travel industry brands. Fernandes has built AirAsia from two planes in 2001 to an airline that operates more than 180 aircraft with affiliates across Southeast Asia and India. AirAsia has been firming up deals with partners to boost its loyalty programme. To preserve cash, it is taking deliveries of fewer new aircraft compared with previous years and is selling older aircraft. Tune Group is owned by AirAsia’s co-founders Fernandes and Kamarudin Meranun.

Doring...

from page 4 I am really!), BUT that can be good for thinking and creating! Here we are again!

Yes, it matters still: in defense of the power of paper! What do you think, my dear readers, while holding this newspaper right now in your hands? Or you might read us online ... . +++ Email: doringklaus@gmail. com or follow me in Facebook or Twitter or visit www.germanexpatinthephilippines.blogspot.com or www.klausdoringsclassicalmusic. blogspot.com.

Seminar...

from page 8 one of the bright spots and has been a great employmentgenerating activity,” said Sicat. Navarro reminded everyone that apart from generating revenue, the country must mobilize long-term capital and optimize investments in infrastructure, research and development, and innovation. The government and the private sector should work together to narrow down the savings-investment gap, she said. The public-private partnership (PPP) projects have proven dynamic and successful. But Navarro stressed that PPPs have to be replicated in other economic activities. There must also be “a dynamic pipeline for the public sector and a dynamic potential investment portfolio for banks and infrastructure” for project development activities to evolve. There should be massive and

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region BRANCH 44 Initao, Misamis Oriental IN THE MATTER OF THE PETITION SPEC. PROC. NO. 2015-1299 FOR THE CORRECTION OF THE CERTIFICATE OF LIVE BIRTH OF JONSITO CAIBIGAN JAMACA, JONSITO CAIBIGAN JAMACA Petitioner, - Versus – THE LOCAL CIVIL REGISTRAR OF INITAO, MISAMIS ORIENTAL Respondent.

X---------------------------------------------/ ORDER Finding the petition for Correction of the Certificate of Live Birth of Jonsito Caibigan Jamaca sufficient in form and substance, the same is set for hearing on July 22, 2015 at 8:30 o’clock in the morning, at this court sitting at the Hall of Justice, Poblacion, Initao, Misamis Oriental. The Civil Registrar concerned and any person having or claiming any interest under the certificate of marriage whose cancellation /correction is sought may, within fifteen (15) days from notice of the petition, file his or her opposition thereto. At expense of the petitioner, let a copy of this Order be published once a week for three consecutive weeks in a newspaper of general circulation in the Province of Misamis Oriental.

continuous market research and project development activities in infrastructure and agribusiness, she added. CHALLENGES The road blocks to achieving these potentials, however, are plenty. “We used to worry about political change, but it’s low on our list now as we’re more worried about cybersecurity,” mentioned Sicat, demonstrating that challenges evolve with the times. But he also pointed out old issues like fickle tax policies that undermine the country’s credibility and reputation of good governance. Navarro criticized the slow development of national infrastructure. She also stressed the impact of lacking quality and certification measures in manufacturing, and underscored the importance of prioritizing investor protection. The issue of rising underemployment was also discussed at the seminar’s open forum. PIDS President Gilberto Llanto rued the fact that the public sector often gave the private sector a pass in playing their role in creating quality jobs. Llanto warned that underemployment may not be a question of capital, but a question of talent. “I want to relate underemployment to the

inability of educated Filipinos to do product development, to conceptualize business activities.” Llanto warned, “If we don’t strive to quickly adjust to market changes, then we will have to stare at underemployment for a long time.” All of these challenges and issues will affect not only the future performance of the Philippine economy, but how it will size up in the ASEAN economic integration. In terms of competitiveness, the country is far from generating the enabling infrastructure to be at least a major player in the ASEAN. Furthermore, the policymaking environment and the implementing agencies are inconsistent, thus disabling Publication Notice

Republic of the Philippines Province of Misamis Oriental Municipality of Initao -o0oNOTICE TO THE PUBLIC CCE- 0017 R.A. 10172

(Sgd) MARISSA P. ESTABAYA Presiding Judge BWM: May 25, June 1 & 8, 2015

DEED OF EXTRA JUDICIAL SETTLEMENT WITH SALE Notice is hereby given that the intestate estate of the late GENEROSO B. BANDALA, Sr. who died on September 25, 2010 at Cagayan de Oro City; left 1.) A parcel of Land with TCT-No. T-17091, bearing Lot No. 2501A, PSD-10-10-021742, being a portion of Lot 2501, Pls-466, Plaridel Public Land Subdivision situated in Barangay Lao, Plaridel, Misamis Occidental, Island of Mindanao. Containing an area of Two Thousand Four Hundred Sixty Four ( 2,464) square meters, more or less, covered by Tax Declaration No. 10-0020-00317 in the name of Generoso B. Bandala. 2. ) A parcel of land known as Lot No. 2082-A. Containing an area of Three Hundred Twenty One (321) square meters, covered by Tax Declaration No. 242265 in the name of Generoso B. Bandala, is the subject of DEED OF EXTRA JUDICIAL SETTLEMENT WITH SALE under the notary public of Atty. Buenaventura E. Sagrado, As per Doc. No. 214; Page No.43; Book No. 86; Series of 2011. BWM May 11, 18 & 25, 2015

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region Branch 28 Mambajao, Camiguin

IN THE MATTER OF THE ADOPTION FC SPL. PROC. NO.009-M (15) OF TWO (2) MINORS JAPHET LIGA DE JESUS and RYAN ETHAN LIGA FOR DE JESUS WITH CHANGE OF FULL NAMES TO JAPHET DIGA ADOR and ADOPTION RYAN ETHAN DIGA ADOR,

IN THE MATTER OF THE PETITION FOR THE CANCELLATION OF CERTIFICATE OF LIVE BIRTH OF MARIA PAZ VALERIO LUMACANG IN THE OFFICE OF THE LOCAL CIVIL REGISTRY OF CATARMAN, CAMIGUIN, SPL. PROC. NO. 2015-491

FE DIGA ADOR, Petitioner.

X-------------------------------------------------/ ORDER Petitioner’s through counsel filed a Petition for Adoption of two (2) minors Japhet Liga de Jesus and Ryan Ethan Liga de Jesus with Change of Full Names to Japhet Diga Ador and Ryan Ethan Diga Ador for the purpose that said minors children be freed from all obligations of obedience and maintenance with respect to their natural parents and that they be declared to all legal intents and purposes the child of the petitioner. The petition being sufficient in form and substance , the petitioner is directed to cause this Order to be published once a week for three (3) consecutive weeks in a newspaper of general circulation in the Province of Misamis Oriental at her own expense. Let copies of this Order be posted in three (3) conspicuous places, such as the Bulletin Boards of Mantangale, Balingoan, Misamis Oriental, Balingoan Municipal Hall and this Court. Let the hearing of the same be set for 16 July at 8:30 a.m.

Let copy of this Order be furnished the Office of the Solicitor General through the Provincial Prosecutor, the Department of Social Welfare and Development and the biological parent of the Child Jenith Liga de Jesus-Mozar.

Initao, Misamis Oriental, May 11, 2015

sector, and between individuals and firms, are necessary to empower a thriving business environment. In an era of disruption, the Philippines must figure out how everyone can collaborate to achieve inclusive growth.

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region BRANCH 26 Medina, Misamis Oriental

Finally, let a copy of the petition and this Order be furnished to the Office of the Solicitor General and the Office of the Civil Registrar concerned.

(Sgd) ISAIAS A. JARALES Municipal Civil Registrar

BWM: May 14 & 21, 2015

The Social Worker of this Court is directed to prepare and submit Child and Home Study Reports on the adoptee and submit her report to this Court within sixty (60) days from receipt of this Order.

SO ORDERED.

Date: May 20, 2015

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 AIZA A. BAGARES has filed with this Office, a petition for change of first name from “ “ to “ “ and correction of entry in sex from “ MALE ” to “ FEMALE ” or correction of entry in the date of birth from “ “ to “ “ in the certificate of live birth of AIZA A. BAGARES at Initao, Misamis Oriental and whose parents are SAMUEL C. BAGARES and PEDRITA U. ACUT. Any person adversely affected by said petition may file his written opposition with this Office not later than June 16, 2015.

Further , let a copy of this Order and the petition be posted at the bulletin boards of the entrance door of this court, Hall of Justice, Initao, Misamis Oriental and Municipal Hall, Initao, Misamis Oriental.

an otherwise healthy business environment. CONCLUSION “2015, it’s looking good. Beyond 2015, it’s looking good. That’s the good news,” concluded Llanto. But to realize the growth potential and make it all the more inclusive, both the government and private sector have to work together. The country must invest in its human capital. At the same time, it must strengthen its institutions, make its policies more coherent and cohesive, and optimize its social capital to enable a good business environment. Coordination and cooperation between the government and the private

SO ORDERED.

Done this 20th day of April, 2015 in Medina, Misamis Oriental.

(Sgd) DAN R. CALDERON Presiding Judge

BWM: May 25, June 1 & 8, 2015

LUZ VALERIO LUMACANG, Petitioner, - Versus – LOCAL CIVIL REGISTRAR OF CATARMAN, CAMIGUIN, Respondent. X----------------------------------------------------/ ORDER Before the Court is the verified petition for the cancellation of the Certificate of Live Birth of Maria Paz Valerio Lumacang which was filed by Luz Valerio Lumacang on March 31, 2015. The petition, being sufficient in form and substance, is set for initial hearing on June 22, 2015, at 2:00 p.m. The petitioner is hereby directed to cause the publication of this Order once a week, for three (3) consecutive weeks, in a newspaper of general circulation in the province of Camiguin. The petitioner is further directed to furnish the Office of the Solicitor General and the Office of the Local Civil Registrar of Catarman , Camiguin with a copy of the petition , including its annexes. The Office of the Local Civil Registrar of Catarman, Camiguin and any person having or claiming any interest over the certificate of Live birth sought to be cancelled, may, within fifteen (15) days from notice of the petition, or from the last date of publication of such notice, file an opposition thereto.

SO ORDERED. Mambajao, Camiguin, April 14, 2015.

(Sgd) GIOVANNI ALFRED H. NAVARRO Acting Presiding Judge

BWM: May 11, 18 & 25, 2015

BusinessWeek MINDANAO “We Grow Minds” 2013 PPI’S BEST IN BUSINESS AND ECONOMIC REPORTING

MONDAY | MAY 25, 2015

editor: SHAUN ALEJANDRAE YAP UY

DISTRICT 3870 DISCON MAY 7-9, 2015 @ PRYCE PLAZA HOTEL

PAGE 12

FWD Life launches Cagayan de Oro hub

FWD Life Insurance Corporation ‎Chief Human Resources Officer Rozanne Parungo, FWD Life President and Chief Executive Officer Peter Grimes, Cagayan De Oro City Local Economic Investment Promotions Officer Eileen San Juan, and Limketkai Sons, Inc. Executive Vice President and Chief Operating Officer Albino Limketkai at the ribbon cutting ceremony of the FWD business hub at Limketkai Center, Cagayan de Oro City.

FWD Life Insurance Corporation (FWD Life) is expanding its operations in the Philippines with the opening of its first business hub in Cagayan de Oro City. The hub will provide access to FWD Life’s insurance products to more than four million Cagayanos and residents of neighboring cities in Northern Mindanao. FWD Life is also set to extend its distribution reach in CDO, through the rollout of bancassurance offerings in Security Bank branches in June. “We are excited to bring the FWD brand to Cagayan de Oro and Mindanao through our business hub, FWD agency team, and bancassurance partnership with Security Bank,” said FWD Life President and Chief Executive Officer Peter Grimes. “With this vibrant city’s growing economy and population, we are confident our CDO hub will significantly contribute to the growth and expansion of our business in the Philippines.” The office, located in Limketkai Center, in the heart of CDO’s commercial district, is FWD Life’s first business hub outside Metro Manila. With the opening of the facility, FWD Life aims to build brand awareness, improve customer engagement and services, and strengthen its distribution support facilities. The agency already numbers in excess of 100 financial wealth planners based in CDO, with more expected to join FWD throughout the year. “We are expanding our presence to reach more under-insured Filipinos and help them achieve financial peace of mind through relevant products and services that best suit their individual lifestyles and financial needs,” said Grimes. As part of its expansion plans, FWD Life will open more business hubs in key cities across the country, including Davao and Cebu. FWD Life Insurance Corporation is part of FWD Group, the insurance business arm of private investment group, Pacific Century Group. It is the first foreign life insurer to be granted a license under the new Philippines Insurance Code. The Insurance Commission granted its license in April 2014, business operations officially commenced in September, and its first agency hub was launched in Bonifacio Global City, Taguig City in November. About FWD Life Insurance Corporation Philippines

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Arriving in the Philippines in early 2014, FWD is the insurance arm of Pacific Century Group, an investment group established in 1993 with interests in financial services, telecommunications, real estate, and other investments in Asia. FWD is the first in nearly a decade to be granted a life insurance license by the Insurance Commission of the Philippines. FWD launched its commercial operations in September 2014. FWD’s business spans the Philippines, Hong Kong & Macau, and Thailand, with a brand presence in Indonesia, offering life insurance services. FWD’s focus is to leverage technology to enhance customer experience, deliver innovative products, and invest in talent to create a leading pan-Asian life insurer that changes the way people feel about insurance. For more information, please visit www.fwd.com.ph