MindanaoDAILY THE PURVEYOR OF TRUTH , JUSTICE, AND DEVELOPMENT CHENG ORDOÑEZ, Section Editor
Wednesday
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August 24, 2016
Duterte to housing stakeholders: Unite for descent Filipino homes By Cheng Ordoñez Executive Editor, BWM
VIZMIN GROWTH CORRIDOR. SM Investments Corporation (SM), one of the largest conglomerates in the Philippines, is committed to expand outside of Metro Manila where huge potential for growth is apparent, among them is Cagayan de Oro City, where a second SM Mall with 80,000-sq.-meter floor area is being built, Corazon P. Guidote, SM senior vice president for investor relations and and Tim Daniels, investor relations executive said during an investment meeting with media, Tuesday, at the Pryce Plaza Hotel, Cagayan de Oro City. The six-storey new SM Cagayan de Oro 2 Premier situated at the C.M. Recto is slated to be completed next year, and is part of SM’s investment earmarked between P70 to P80 billion every year of its aggressive expansion bid in the country, fueled by the local economy’s strong momentum. text by cheng ordoñez, photo by gerry lee gorit
SM targets VisMin as new growth corridor By Mark D. Francisco Staff writer
CAGAYAN DE ORO CITY – SM Investments Corporation, the holding company of the SM malls chain, is committed to expand outside of Metro Manila where
huge potential for growth is apparent. During an inspection of the ongoing construction of SM Recto Premier here last Tuesday, SM senior vice president for investor relations Corazon P. Guidote
expected to further drive results moving forward. In a quarterly report to the Philippine Stock Exchange, the holding firm of the Gotianun family chalked a net income of P2.19 bil-
See housing, page B11
See targets, page B4
lion for the three months to June. This compares with the P1.6 billion recorded a year earlier. Net income attributable to the parent stood at P1.52 See filinvest, page B4
Robrido
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“We are hopeful to simultaneously launch the four buildings of the second cluster this Kadayawan Season. Last year, the two towers of the first cluster of One Lakeshore Drive were simultaneously opened in time for the Kadayawan,”
Engineer Leonora P. Gutierrez, Suntrust assistant vice-president, said in an interview. One Lakeshore Drive, which also consists of four buildings, is the residential component of Megaworld’s
Suntrust Properties to launch 2nd Davao condominium cluster
SUNTRUST Properties, Inc., a wholly owned subsidiary of Megaworld Corp., is set to launch the second cluster of four condominium buildings in its township revealed that SM Prime project here, with pre-selling Hodlings, SM’s property targeted to start by the third arm, will be spending the quarter of the year. lion’s share of the conglomerate’s capital in an aggressive program in the South. SM Recto Premier will
Filinvest sees 37% rise in earnings FILINVEST Development Corp. (FDC) booked 37% more earnings for the second quarter largely from the banking and real estate businesses, with its venture into the power sector
C AG AYA N D E O R O CITY -- President Rodrigo Duterte has called on all economic housing development stakeholders to unite in formulating development action plans aimed at providing affordable and descent homes to Filipinos. Duterte issued the statement in relation to the hold- Duterte ing of the 7th National Developers’ Convention of the Organization of Socialized and Economic Housing Developers of the Philippines (OSHDP), today, August 24, 2016, at the N Hotel, Kauswagan Highway, here. “More than just a roof to keep our people safe from external threat, a shelter is where values are formed, hopes and dreams are built, and the true meaning of
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Cebu Landmasters’s pioneering project in Mindanao enjoys fast take-up
MesaVerte Residences, the pioneering project of Cebu Landmasters, Inc. (CLI) in Cagayan de Oro, is enjoying fast sales take-up, less than a year from its launch last November 2015 and a few weeks from the opening of its showroom early last June.
“Exceeding all expectations, sales for MesaVerte Residences has already reached 85% a little less than a year from launch. The fast take-up is making some of our sales people dizzy with success,” said CLI Chief Executive Officer and
President Jose Soberano III. CLI’s first venture into Mindanao, MesaVerte Residences is riding on the current spike in the demand for residential condos in the land of promise and will be opening its Building 3 to See project, page B11
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Wednesday, August 24, 2016
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Filinvest... from page B1
billion or 43% above the P1.06 billion posted for the comparable 2015 period. FDC cited a 23% increase in revenues coming from its subsidiaries and other income sources to P14.75 billion from P12.01 billion. This pushed the conglomerate’s year-to-date topline 17% to P28.97 billion from 24.83 billion. For the first six months, FDC netted P4.40 billion or 28% over the P3.43 billion posted a year earlier. The established businesses continued to deliver bulk of the total revenues, with banking unit accounting for 40% and real estate operation for 38% during the semester. The remainder was divided among the power (11%), sugar (9%) and hotel (2%) segments. East West Banking Corp. booked a first-half net income of P1.56 billion, a 55% year-on-year surge from P1.0 billion. The bank’s core recurring income base continued to grow by double
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Wednesday, August 24, 2016
digits following its expansion. “We are starting to see the early fruits of our investments growing the branch store network,” FDC Chairman Jonathan T. Gotianun said in a separate statement issued on Monday. For the January to June period, revenues from the real estate business rose 11.9% to P10.95 billion from P9.79 billion. The net income of Filinvest Alabang, Inc. (FAI) soared 81.2% to P710.1 million from P391.9 million, while that of Filinvest Land, Inc. inched 6.7% to P2.47 billion from P2.31 billion. “The 7.7% increase in costs of sale of lots, condominiums and residential units was at a slower pace than the 12.8% increase in real estate revenues due to higher share of increase in sales of FAI’s lots with relatively higher gross profit margin. Operating expenses likewise went up at a lower rate, which increased by just 5.4%,” FDC said. The conglomerate’s sugar operations, meanwhile, net-
ted P461.9 million or 6.8% more than last year’s P432.5 million on the back of a 7% increase in sugar sales and other income. Hotel operations posted flattish earnings at P93 million. In the coming year, FDC expects stronger inflows from the power business. Its power subsidiary FDC Utilities, Inc. (FDCUI) has synchronized the first two of three units of a 135-megawatt (MW) clean coal power plant in Misamis Oriental. “All three units are expected to be connected to the grid by end of third quarter 2016 and in commercial operations by year end,” FDC President and Chief Executive Officer Josephine Gotianun-Yap said in the statement issued on Monday. “We expect significant growth as well as a change in FDC’s income mix in 2017. FDCUI’s 405-MW plant is now the biggest power plant in Mindanao and will put an end to the energy crisis in the region,” she added.
Suntrust... from page B1
11-hectare mixed-use Davao Park District in the Lanang area. Ms. Gutierrez said the more aggressive opening of Two Lakeshore Drive is due to the “all-time high” on sales for One Lakeshore with sales reaching P400 million in July compared to about P100 million in January. “We’re fast-selling with the first cluster (first two buildings of One Lakeshore) so we could open the second cluster. We are optimistic that we will achieve the substantial sales and we define substantial to at least 60% to 70% sold (and) we are already there,” Ms. Gutierrez said. “The winning of (President Rodrigo R.) Duterte has helped a lot also,” she added. Megaworld, the country’s largest office developer, is now ramping up the construction of its first office building inside the township, the 15-storey Davao Finance Center at a budget of P1.2billion. It will have 20,000 square meters of leasable
space. The company recently announced it will build two more office towers. (www. bworld.com.ph)
Targets...
from page B1 open next year but the retail chain’s executives are tightlipped on the features of the mall. However, sketchy reports have it that the four-storey mall will be distinctly upscale featuring global retail brands such as H&M, Zara and Forever 21. It will have a sculptural glass curtain wall that will create a dramatic entry at the corner, allowing the retial center to glow with activity at night, perfectly in line to the mall’s urban setting smacked in the middle of downtown Cagayan de Oro along CM Recto Avenue. This will be the fourth SM mall in Mindanao. For the past five years, SM Prime Holdings have invested heavily in Visayas and Mindanao, starting with the opening of the 396-room Radisson Blu which opened in October 2010 beside SM City Cebu. SM City Consolacion opened in 2012
followed by SM Seaside City in 2015, the largest commercial mall in southern Philippines. Inside SM Seaside City will soon open the one-hectare Cebu Ocean Park. Both are located in Cebu. “Mr. Sy (SM founder) is one of the prime movers in the South. He goes to places where few investors go and develops catalyst projects that eventually bring in other businesses into the area. This reinforces SM’s vision and creates a positive impact on the lives of its host communities. The market is ready and SM is ready to take on a more aggressive stance outside of its comfort zone,” Ms. Guidote said. She emphasized that VisMin is a new growth region for SM, pointing out that the two island chains have contributed 26.9 percent to the nation’s total gross domestic product (GDP) in 2014. SM’s other brands are The SM Store, SM Supermarket, SM Hypermarket and Savemore. SM Investments also own BDO Unibank and China Bank with a combined total of 1,000 branches nationwide and abroad.
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Tuesday, August 24, 2016
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XU graduates dominate real estate appraisers exam XAVIER University’s first-ever BS Real Estate Management (REM) graduates stood out in the August 2016 Real Estate Appraiser (REA) Licensure Examination. Sixteen out of the 20 REA exam passers nationwide were Xavier Ateneans who finished the REM degree in March 2016. XU garnered a passing rate of 84.21% (16 out of 19 takers) above the national passing rate of 74.07% (20 out of 27). “Congratulations to our new Real Estate Appraisers!” greeted XU president Fr. Roberto C. Yap SJ. “All 16 graduated in March and are already Licensed Real Estate Brokers. ... They have done really well in the [two] licensure exams.” Yap also expressed his gratitude to the School of Business and Management (SBM) on this latest feat of the inaugural REM graduates of Xavier. “Let us thank SBM dean Dr. Ruth Love V. Russell, REM coordinator Edgardo A. Palasan, the SBM faculty and staff for
the guidance and support they have given to our students.” The REA exam was conducted by the Board of Real Estate Service in the cities of Manila and Cagayan de Oro on August 14. The Professional Regulation Commission announced the results of the REA exam on Wednesday, August 17, two days earlier than the intended date of release. The successful XU takers were: -Andaling, Lovie Leannie Legara -Baldon, Lianne Bantugan -Calingin, Cleo Jovie Tomines -Calva, Krizia Camelle Ordiz -Gaputan, Lyrra Carmel Odchigue -Guerra, Mike Edgielou Dagumo -Meneses, Arsenio III Fermano -Mercado, Yrna May Dalman -Nisperos, Clarmagne Adelan -Pacana, Easter Angela Torres -Pailagao, Ivana Alech Nario -Palarca, Mari Kris Evans Deloso -Plaza, Glorie Mae Daaca
R.A. Form No. 10.1 (LCRO) Republic of the Philippines Local Civil Registry Office Province: COTABATO City/Municipality: CARMEN NOTICE FOR PUBLICATION In compliance with Section 5 of R.A. Act No. 9048, a notice is hereby served to the public that MA. ELISA ONGI TAñEZA has filed with this Office a petition for Change of First Name from “ELIZABETH” to “MA. ELISA” in the birth certificate of ELIZABETH BUCITUAN ONGI who was born on February 05, 1964 at Carmen, Cotabato and whose parents are Honorato T. Ongi and Ciriaca B. Bucituan. Any person adversely affected by said petition may file his written opposition with this Office not later than 05 September 2016. (Sgd.) MARY P. MACAYA Municipal Civil Registrar MDN: Aug. 24 & 31, 2016
R.A. Form No. 10.1 (MCRO) Republic of the Philippines Province of Davao del Sur Municipality of Santa Cruz OFFICE OF THE MUNICIPAL CIVIL REGISTRAR NOTICE OF PUBLICATION 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 AIDA REDONDO LEGASPI has filed with this Office, a petiton for correction of entry in the child’s sex from “MALE” to “FEMALE” in the Certificate of Live Birth of AIDA REDONDO LEGASPI at Apo Beach, Zone III, Santa Cruz, Davao del Sur and whose parents are VICENTE LEGASPI and JUANITA REDONDO. Any person adversely affected by said petition may file his written opposition with this Office not later than 19th day of September 2016. (Sgd) MARIO M. TIZON Municipal Civil Registrar MDN: Aug. 24 & 31, 2016
-Potolin, Jecelle Gepiga -Ramos, Maria Elena Kriztina Bugo -Salcedo, Vanesa de los Reyes Earlier in May, 17 XU-REM graduates also passed the Real Estate Broker Licensure Examination.
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Republic of the Philippines DEPARTMENT OF TRANSPORTATION AND COMMUNICATIONS MARITIME INDUSTRY AUTHORITY MARINA R.O. XIII PP/LT Mario B Fortus Bldg., PPA Compound, Surigao City Telefax No. (086) 231-7622 Email: mro13@marina.gov.ph FERNANDO C. MONTER., CASE NO.SUR 16 – 072-A Applicant. NOH NO. SUR 16-006 x---------------- -x NOTICE OF HEARING Application for issuance of Amended Certificate of Public Convenience in view of the inclusion of the additional vessel Mbca “REBECCA-2”, pursuant to the Revised Implementing Rules and Regulations (R-IRR) of the Republic Act (R.A.) 9295, to wit:
The applicant shall cause the publication of this Order once in any of the five (5) major newspapers of national circulation in the Philippines or in a newspaper of local circulation, or in MARINA website at least 10 days before the hearing. Applicant shall present the jurisdictional, qualification and documentary requirements in a hearing to be conducted on 01 September 2016, Thursday at 10:00 o’clock in the morning at the MARINA, Regional Office, PPL/Lt Mario B. Portus, Jr. PPA Compound, Surigao City. The Applicant shall be required to make a written Formal Offer of Evidence (FOE), during the hearing or five (5) days thereafter. WITNESS, the MARINA Administrator, Marcial Quirico C. Amaro III, PhD, this 19th day of August 2016, Surigao City, Philippines. (Sgd.) EMMANUEL B. CARPIO Regional Director-MRO XIII
MDN: Aug 24, 2016
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Senior high school in 2016
By ALEXITO L. PANCHO Head Teacher III Upper National HS Bonifacio West District
ANYWHERE in the country, we witness senior high school students excitedly milling about the new subjects that have never been introduced to them during their junior high years. Actually senior high in the Philippines consists of three tracks – academic, TVL, sports, and arts and design. Each of the subjects in these tracks is designed in such a way that
graduates are prepped to land jobs even though they opt not to continue to college. Each of these tracks in turn has their own strands. The academic tracks for example consist of accountancy, business and management strand, humanities and social sciences strand, STEM strand, general academic strand and prebaccalaureate maritime. For the general academic strand, subjects are humanities, social science, applied economics, organization and management and disaster readiness and risk
Republic of the Philippines Province of Davao del Sur CITY OF DIGOS OFFICE OF THE CITY CIVIL REGISTRAR NOTICE FOR PUBLICATION In compliance with Section 5 of R.A.9048, a notice is hereby served to the public that LEAH F. MAGDAMO has filed with this Office a petition for CHANGE OF FIRST NAME (CFN) from “LEA ANECITA” to “LEAH” in the Birth Certificate of LEA ANECITA A. FILIPINAS who was born on August 12, 1958 at Botoc, Occidental Loay Bohol and whose parents are Antonio Filipinas and Basilisa Adiong. Any person adversely affected by said petition may file his/her written opposition with this Office not later than September 04, 2016.
reduction. In organization and management, students will discuss the meaning and functions of management, explain the various types of management theories, explain the functions, roles and skills of a manager, identify various forces/elements of a hypothetical firm, summarizes these forces using PEST and SWOT analysis and describe the local and international business environment of a firm. Indeed there are a thousand ways on how education can be explored at the senior high level.
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Facilitating learning By Janel C. Miranda Teacher I Mat-i Central School
Some pupils definitely care more about passing, some care most on learning. This is just one of the sad truths and one of the challenges that posts before our teachers and pupils nowadays. Isn’t it the greatest feeling when you passed because you studied hard and not because you cheated? Well, there are a lot of factors to be considered here. Then, displays and shows of the role of the teachers in facilitating child’s learning, pupil’s learning. Here, one of the common problems is that some pupils are too lazy to study and have their different mind setting engrave in their hearts and in their minds that they tend to see education and schooling in different perspectives, the worst, they cheat to pass. For some, they study, they pass the exam, but they forget what they’ve learned afterwards. Some of them just don’t value the essence of education and the essence of learning. Some would say “As long as the teacher doesn’t see us cheating, it’ll be fine”. They would just ask their classmates or seatmates about the answer
and their seatmates would give it because they think if they’d give it, they could also ask in return for the answers for the other questions. Pupils call it “teamwork”. However, if teachers catch them doing such things, their papers would be confiscated. But is it enough? Also, some pupils use “kodigo” and they’re hiding it. If caught, they’d reason out that it’s because the teacher’s lesson is hard. If they get low grades and low scores, they blame teachers for preparing quizzes and exams in a hard way. Of course, they will always see it in a different angle. That is why, as a teacher facilitating learning, there are a lot of things to be considered. And it definitely requires so much patience. To end, Mat-i Central School always strives hard to cut and stop the culture of cheating among pupils as it may bear different influences and different effects to our young learners and also, we strive hard to give our pupils the best quality education they deserve. Hence, as a teacher, I should not only facilitate learning among my pupils but to also facilitate their growth and development the best way possible.
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Housing... from page B1
family is defined. For many of us, a home is, indeed, a symbol of identity and dignity; this is why our current government strives is to put the housing sector on top of our priorities. May this convention unite all experts, urban and regional planners, contractors and builders in formulating development action plans aimed at providing affordable and descent homes for our countrymen,” Duterte said in his souvenir program message to some 400 OSHDP convention delegates. “I am confident that with your organization’s commitment to fulfill your mandate and the Filipino’s determination to create change in our society, we can fix this. Six years from now, the Philippines will be far different and better than what it is today,” President Duterte said. Vice President Leni Robredo, meanwhile, said she is glad that organizers chose to adopt the theme, “Innovating the Business of Affordable Housing,” even as they highlight the opportunities, as well as the critical role of the private sector in the national agenda to make housing affordable to all Filipino families, especially for the poor and the marginalized. “Proactive engagement of the private sector is one of the new strategic thrusts of HUDCC, and we look forward to scaling up our partnerships with organizations such as OSHDP,” she said. Robredo said: “We hope that this convention inspires leaders in both the public and the private sector to continue to exchange ideas and build on the conversation of change towards finding new solutions within the broader context of urban development. through innovation, we hope to mobilize more investments from both the public and the private sector while at the same time lowering costs in building not just homes, but communities where families can thrive.” For his part, Senator Joseph Victor Ejercito, chairman of the Senate Committee on Urban Planning, Housing and Resettlement, said, “Developing infrastructure is one of the major thrusts for progress and development. It will not only provide structures and facilities for
Filipinos. More importantly, its collective pursuit is to provide socialized and economic housing for the people.” Ejercito’s proposed bill recently turned into law -Republic Act 10884 or the Balanced Housing Development Program Amendments. Engr. George Richard Siton, president of the OSHDP, on the other hand, said: “Housing the base of the pyramid and resettlement of the victims of camalities, like Sendong and Yolanda, would require concerted efforts and collaboration by all stakeholders through public-private partnership. It is in this partnership that delivery of housing will have a greater impact to the intended beneficiaries.” Ensuring the sustainability of the communities should also be addressed by putting in place post development programs like installation of Estate Management that will lead in the transformation of lives and making lives better, he said. Atty. Christopher Ryan Tan, chairman of OSHDP, said the convention also intends to celebrate OSHDP’s enduring partnership with the government, primarily through the Hosuing and Urban Development Coordinating Council, which has mutually served us well over the last 20 years of OSHDP’s continuous advocacy. At least, two senators are expected to grace the threeday national convention, along with the Housing and Urban Development Coordinating Council (HUDCC). Expected to grace the event aside from Senator Ejercito is Senate President Aquilino Martin Pimentel III. Both Pimentel and Ejercito were invited to respond to the organization’s presentation of legislative agenda on housing. This year’s convergence of developers and stakeholders engaged in the value chains of socialized and economic housing will have guests and resource persons from the government and private sectors to discuss on current topics affecting the housing industry and elicit resolutions and action points to be pursued after the convention. Among the topics that will be tackled during the sessions are the Philippine economy and property sector outlook, streamlining the permitting process/ anti-red tape program, innovative finance, other
housing innovations such as “green” building and other initiatives, innovations in construction technology, innovative marketing, and presentation of OSHDP’s executive and legislative agenda on housing. OSHDP is an organization dedicated to the provision of a vibrant, efficient, productive housing sector through the delivery of descent and affordable housing, and to address the national housing needs through partnership with the government and other private sectors engaged in housing and related activities.
Project... from page B1
3 to the market soon. MesaVerte has three 15-storey towers which will be constructed in 2 phases. “Cagayan de Oro is the gateway to northern Mindanao and MesaVerte Residences sits perfectly as an emergent living space and community right at the very heart of the city’s thriving commercial and lifestyle center,” said Soberano. The real estate project is positioned on a prime 8,740 square meter area amidst the busy Corrales and Osmeña extensions, making the location easily accessible and within the radius of major establishments like schools, hospitals, churches, shopping malls, and offices. “We still have studio and bedroom units available on affordable payment terms. We invite prospect buyers and investors to drop by our showroom during office hours from Mondays to Saturdays to check out our featured units,” said Soberano. The showroom features different unit types; a deliverable 20 square meter studio, 2 studio units combined to make one bedroom, 3 studio units combined to make two bedrooms, as well as 1-bedroom unit layout. The project is expected to be completed by December 2018. For inquiries and more information, contact the CLI office by phone at (088) 880 8678 and 0917 251 7544 or visit the CLI website at www. cebulandmasters.com.
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Heart Evangelista-Escudero Actress A proud member of Member: PDIC. Maximum Deposit Insurance for Each Depositor P500,000 Veterans Bank is regulated by the Bangko Sentral ng Pilipinas.