BusinessWeek M I N DA N A O CREDIBLE
Volume VIII, No. 67
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Product standard DAVAO City – The Bureau of Fire Protection (BFP) has started inspecting establishments selling Christmas lights and other electrical decors for the holidays to ensure consumers are buying products which passed quality standards. BFP inspectors are seeing to it that a product bears the ICC stickers from the Bureau of Product Standards of the Department of Trade and Industry (DTI). The ICC mark includes the ICC letters in a gear but has a unique serial number for each product. It also includes the month and year the DTI-BPS issued the ICC certificate to an importer’s product shipment.
Natural gas BUTUAN City – The Department of Energy (DOE) held a public consultation on the implementing guidelines of the Philippine Natural Gas Regulation (PNGR), a policy issuance that would govern the entry and development of liquefied natural gas (LNG) industry and its related facilities in the Philippines. In behalf of Energy Secretary Alfonso G. Cusi, Undersecretary Donato D. M a r c o s s a i d , “t h e P N G R will serve as the regulatory framework in the promotion of the Philippines as an LNG emerging market characterized by a liberalized/ competitive environment and market-based pricing.” “Also, the implementation of the PNGR is hoped to pave the way in meeting the target of the Secretary to have the ground breaking for an LNG import facility by 2018,” he added. With the policy in place, Marcos added that “the Philippines can readily start importing LNG to safeguard the anticipated drop in the supply of the Malampaya natural gas in 2022, coupled with the forthcoming termination of its concession by 2024.”
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DPWH 10 to play key role in Marawi infra rehabilitation
By MARK FRANCISCO Staff Writer
I
T will be barely less than a month when a regional court is expected to approve the dissolution of the C agayan de Oro Water District (COWD)-Rio Verde Water Consortium contract.
Yet consumers continued to be edgy as Rio Verde had earlier wrote a letter to the government-operated utility that it would be forced to cut off its supply should their assures/PAGE 11
By MARK FRANCISCO Staff Writer
ENTERPRISING. An enterprising evacuee cooks pancit intending to sell it at the evacuation center in Saguiaran, Lanao del Sur. Many of the evacuees here said they are losing hope that they can return to their homes immediately. mindanews photo by froilan gallardo
Displaced victims Handicraft maker from AgSur moved to safe made it to Manila FAME resettlement homes By CHRIS V. PANGANIBAN, Contributing Editor By CHRIS V. PANGANIBAN Contributing Editor
LA PAZ, Agusan del Sur-- S ome 44 families in Barangay Angeles who were displaced by the disastrous floods that hit the province in February this year now lives in decent new homes to a safer relocation area. The recipients of new victims/PAGE 11
SAN FRANCISCO, Agusan del Sur--- A homegrown handicraft maker made it to the prestigious award of Manila FAME, the country’s premier design and lifestyle event organized by Center for International Trade Expositions and Missions (CITEM). Liza Maynagcot, owner of Liza’s Palm Strips Handicraft
was Manila FAME’s Editor’s Choice Award 1st Series w i n n e r. H e r w i n n i n g products were designed by Gina Catuburan-Bagasbas, a native of Bunawan and now a member of Caraga’s pool of regional designers of the Department of Trade and Industry (DTI). The award, which was FAME/PAGE 11
BEING the nearest region to war-ravaged Marawi City, the Northern Mindanao regional office of the Department of Public Works and Highways (DPWH) will play a key role in the rehabilitation of key infrastructure facilities in the area. P u b l i c Wo r k s a n d Highways Secretary Mark Villar made this clear on Friday as he inaugurated two huge projects – the Cagayan de Oro coastal highway and Igpit bridge, part of the infra/PAGE 11
Liza Maynagcot, owner of Liza’s Palm Strips Handicraft was Manila FAME’s Editor’s Choice Award 1st Series winner.
Davao biz leaders to ASEAN:
Unite vs terror, negotiate as one bloc for trade pacts By ANTONIO L. COLINA IV, MindaNews
AFTERMATH OF TERROR. The view from Ground Zero along Quezon Avenue, fronting the C & D Building, beside the Bato Ali Mosque along Quezon Avenue. mindanews file photo by manman dejeto
AFTERMATH OF TERROR. The view from Ground Zero along Quezon Avenue, fronting the C & D Building. beside the Bato Ali Mosque along Quezon Avenue, on 25 October 2017. MindaNews file photo by MANMAN DEJETO DAVAO City – The 10-member Association of Southeast Asian Nations (ASEAN) must sit down and think as one community to address terrorism and negotiate as one bloc with major
global trading partners for free trade agreements in the 31st ASEAN Summit slated in Manila next week, business leaders from Davao City said Friday. Ronald Go, Davao City Chamber of Commerce and Industry Inc. (DCCCII) president told MindaNews the ASEAN leaders must “let go of their propensity to think in terms of the interest solely of their countries.” He said they need to arrive at a pacts/PAGE 11
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2 Implementation of P8.7 M road projects seen THE implementation of city road projects in Cagayan de Oro amounting to P8.7 million is in the offing. The City Council headed by Vice Mayor Raineir Joaquin V. Uy approved an ordinance authorizing Mayor Oscar Moreno to enter into and sign the Memorandum of Agreement (MOA) with the Department of Public Works and Highways (DPWH) and the Department of the Interior and Local Government (DILG) for the implementation of the three projects funded under the Special road/PAGE 11
Economy PRRD’s order to dredge Mindanao marshland hailed
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OTABATO City -- Local officials and residents of Maguindanao and North Cotabato hailed the order of President Rodrigo Roa Duterte to immediately dredge Mindanao’s vast marshland, now heavily silted and causing misery to residents due to recurring floods. The 220,000-hectare Liguasan Marsh usually overflows and inundated low-lying communities surrounding it in Maguindanao and North Cotabato every time weather disturbances occur in the provinces of
South Cotabato, Sultan Kudarat and Bukidnon. Rivers from these provinces flow toward the marshland before exiting to the Moro Gulf via the Rio Grande de Mindanao and Tamontaka Rivers. “This is a very welcome development,” Mayor Freddie Mangudadatu, chair of Maguindanao town mayors’ league. His elder brother, Maguindanao Governor Esmael Mangudadatu, also lauded the move of Malacañang, saying peoples’ misery will soon be a thing of the past. Farmer Eusebio Malan
of Barangay Lower Inas in M’lang, North Cotabato, said the government’s plan to dredge the marshland would surely improve his productivity. “Every time the marsh overflows, my cropping went failure and lost my
investment,” Malan, a rice farmer who owns three hectares of ricefield beside the marshland, said. Earlier, Agriculture Secretary Emmanuel Piñol, who hails from M’lang, said President Duterte has ordered the dredging of
the Liguasan Marsh and the three major floodspewing rivers of Agusan, Pampanga and Cagayan provinces. Piñol said he recommended to President Duterte to start the dredge/PAGE 11
Pact with DA for forage technology project endorsed CAGAYAN de Oro City Council committee on agriculture and fisheries, is supporting the implementation of the Forage Technology Demonstration Project Livestock Program of the Department of Agriculture (DA) in Cagayan de Oro city. The Agreement covers the provision of one
unit of silage chopper to strengthen forage conservation of the local livestock farmers, increase their competitiveness, livelihood opportunities and income. The DA is implementing the program as a strategy of realizing the Agriculture and Fisheries Modernization Plan (AFMP) and is
willing to provide supplementary equipment through grant to qualified local government units (LGUs). Provisions Pursuant to the proposed MOA, the DARegional Field Office (RFO)-10 shall conduct bidding and procure the brand new silage chopper, pact/PAGE 11
How Will Education Help Your Dream Come True By: Evelyn S.Cagaanan - Teacher lll Kitaotao National High School
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Everyone and anyone can dream because it is free.” What you want to be in the future. You want to be a teacher, a doctor, an engineer, nurse, any profession you want to embrace or nothing. The truth is you can dream all day long of something illusory but it can take a special type of person to make a dream come true. Education is a piece that cannot be taken away, no one can take what is inside you. Furthering your
education is a course that will take you far in life, affairs and personal relationship. Teachers can only give you tools and fundamentals but to achieve goals of past school is a thing of its own. Kids now a days only care of getting out of school but what they don’t understand is that, the school is the birth place of their dreams, Yes it’s true because the our formal education starts in the school. With college degree you could easily grab
big opportunities to change your life. Education is the only thing that help students pursue their dreams. It can change the course of mind, spare you of bumps and bruises of life and turn wrong situation around. Everyone has a dream , but it t a ke s t re ng t h , perseverance and education to make them come true. Remember poverty is not a hindrance to reach our dreams. If there’s a will, there’s always a way.
CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011
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Moreover, TNT Panalo Data gives you access to Facebook, the world’s largest social network, so you can check the latest viral posts and trending topics your tropa is crazy about, and keep track of their must-not-miss updates. With its new offer, TNT bolsters its image as the mobile brand that gives tropas budget-friendly data offers and services so you can share more experiences online and strengthen your tropa bond wherever you are. Switch to TNT LTE SIM for FREE without changing your number TNT’s latest data offer is powered by Smart’s newest and fastest LTE network,
allowing you to enjoy fast and reliable connectivity for your favorite online activities. To make the most of this ultrafast LTE connectivity, make sure you avail of the new TNT LTE SIM and slot it in your LTE-ready smartphone, or head to the nearest Smart Store to swap your old TNT 3G SIM with the new TNT LTE SIM for FREE, without changing your number. To know more about TNT’s perfect offers for your tropa connections, visit www.TNTph.com, and follow TNT’s official accounts on Facebook (facebook.com/TNTph) and Twitter (@TalkNText). For the TNT’s latest promos, dial *121#.
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The Royal Entrance think a minute
jhan tiafau hurst Think a minute…A few years ago the Queen of England made a short visit to the United States. She took 4,000 pounds of luggage. The queen had 2 outfits of clothes for each occasion. She took with her 40 pints of blood in case she needed emergency surgery. She brought her own hairdresser, 2 drivers, and many other servants. The queen’s brief visit to America cost 20 million U.S. dollars! C omp are t hat roya l entrance to God’s visit to earth. Jesus Christ entered the world in a small animal shed. The newborn King of the world slept in a feed trough for animals. Although the world’s calendar is based on this King’s birth, there were probably more animals to welcome Jesus than people. Jesus’ mother, Mary, was just a 14-15 year old teenage girl
who was not married when she became pregnant with Jesus. It was an embarrassing scandal. In fact, if this happened to a teenage girl like Mary today, there is a strong chance Jesus would have been aborted. And Jesus’ hometown was a poor, low-class area. Yet God chose to come like this to show us that even with all the unfair, bad things in life that happen to us, with Jesus in charge of our life everyday, you and I can still have successful, happy lives. So if you think that you got a bad, unfair start in life, Jesus knows exactly how you feel. He was hurt and treated unfairly all his life. He was even finally killed and executed as the worst of criminals for something he never did. Yet even death could not stop Him and keep Him down. After being dead and buried for 3 days, Jesus came back to life and proved that He is God the Son Who’s the Lord of life and death. This Christmas, Jesus Christ wants you to receive His supernatural peace and power, so you can succeed and handle whatever bad, unfair things happen to you. So why not ask Jesus to forgive you for living your own way, and decide to start living His way for the rest of your life? Just Think a Minute…
Ruffy magbanua L AST S atu rd ay ’s e ve nt marked the 66th year of Cagayan de Oro Press Club, the oldest yet finest press club this country ever had. COPC is a year older than the National Press Club (NPC) based in Manila. The later was founded in October 29, 1952 while COPC was born on November 11, 1951. It is the only press club
outside of Metro Manila which has its own building, a three-storey wooden edifice that still proudly stands today as the hallmark of press freedom in this part of the country. The late Editor and Publisher Noli F. Olarte, who once served as president of the club has penned this valuable piece of COPC history: “It was in the evening of November 11, 1951 when the Club was organized in Cagayan de Oro City in Northern Mindanao. It was actually an informal gathering of pioneer Cagayan de Oro media practitioners, mostly from two local weekly newspapers--the Mindanao Star, the Ang Katarungan, and Henry Canoy who was then struggling hard to build a radio station out of discarded
US Army surplus broadcast equipment. They were assembled at the residence of Virginia Paraiso who used to write a society column for The Mindanao Star, an old unpainted two-story colonial house on Corrales Avenue. Mrs. Paraiso’s husband, Engr. Juan Paraiso, was later handpicked by the late Philippine President Ramon Magsaysay to serve as secretary of public works during his term. Johnny, a migrant from Northern Luzon with his wife who was also an Ilocana, was appointed in a most unceremonious but colorful manner. In fact, he was sworn in first in an unscheduled ceremony at the Lumbia airport as President Magsaysay was returning
to Manila from a visit to the volcano-devastated island of Camiguin. The gathering of newsmen and budding writers was there, not actually to get organized as a press club but to help eat the lechon and other sumptuous preparations of Mrs. Paraiso who was celebrating her birthday. The scene was a small unfenced front lawn in the Paraiso home lighted by five or six 50-watt electric bulbs strung over makeshift posts because there was very little garden vegetation to hang them to. It had rained in the early afternoon, and the grassy earth was still wet and soft, but a full moon began to peek out of thick clouds in the sky. finest/PAGE 9
Metro Manila Development Authority @ 42 Speaking out
ignacio bunye On his very first speech during an MMDA anniversary, Chairman Danilo Lim, who has been on the job only for the last 5 months, could not hide his amazement at how complex the MMDA’s responsibilities have become. The MMDA evolved from the Metro Manila Authority (MMA) which, in turn, originated from the Metro Manila Commission (MMC). The MMDA performs planning, monitoring and c o ord i nat ive f u nc t i ons i n v o l v i n g Me t r o - w i d e
services within Metro Manila. These services include de velopment pl anning , transport and traffic management, solid waste disposal and management, flood control and sewerage management, urban renewal, health and public safety. But, according to Lim, the situation in Metro Manila today is very different. The problems of the large metropolis have since magnified. Metro Manila – which embraces 16 cities and one municipality – is now practically exploding with a population of close to thirteen million, which, in turn, produces 11,000 tons of garbage daily. Close to a hundred new cars are added daily to the 2.5 million registered vehicles, not to mention to the thousands more which come from nearby provinces. And yet resources allocated for MMDA have
remained flattish through the years. Roads and thoroughfares have not been expanded. Manpower has stayed at around 10,000. Equipment have not caught up even with MMDA’s basic requirements. For instance, Lim cites the case of estero cleaners who have to improvise, using discarded electric fan screens tied to the end of long poles, to scoop up the trash in Metro Manila’s esteros and waterways. Traffic enforcers who are daily exposed to pollution, sun and dust, do not even have reflectorized vests. Something has got to give. And justifiably or not , MMDA gets the blame for everything which goes wrong in Metro Manila from traffic to floods, from kotong to potholes. Even for operations outside its mandate – like MRT and skyway. It would take a super-hero
to fix Metro Manila, Lim said. But for someone who is not about to shirk responsibility placed on his shoulders by his boss, Lim is determined to keep working and fighting, until the proverbial cavalry arrives. Meanwhile, Lim announced, to the cheers of the MMDA staff present, that as an anniversary gift to MMDA employees and staff, he recently concluded a Memorandum of Agreement with Pru Life UK, extending a premium-free P100,000 accident insurance coverage for all MMDA employees for a period of one year. -- Former MMDA Chair Francis Tolentino, who was also present during the 42nd MMDA anniversary celebration, points to some shining moments of MMDA, especially in emergency response. authority/PAGE 9
‘Born of God’ Kakampi mo ang batas
Batas Mauricio LIFE’S INSPIRATIONS: “… But to all who received him, to those who believed in his name, to them he gave the right to become children of God. They became children of God not because of human desire, nor of their parents’ decision, but they were born of God…” (John 1:12-13, the Holy Bible). -ooo “BORN OF GOD”: In our lives as believers in God, it
is but fitting and proper, in a manner of speaking, if we try to understand whether we can be considered as having been “born of God” and, as a consequence, whether we are now “children of God”. What does “born of God” mean? How is one “born of God”? If we read John 1:12-13, Matthew 13:10-16, Matthew 16:18, and 1 John 5:20, among others, it would be clear that a person can be considered as having “born of God” if he or she accepted and received Jesus as God and Savior, and as God the Father, Son, and Holy Spirit, with full understanding. What does the phrase “accepted and received Jesus with full understanding” mean? It means acceptance and belief in Jesus with full understanding of why one is accepting and believing
in Him as God and Savior, according to the steps or processes which the Bible its elf pres cr ib e d to b e followed or complied with. -ooo S T E P S T O WA R D S MAKING A PERSON “BORN OF GOD”: The first of these steps consists in a person proclaiming, through his lips, that he accepted, received, and believed in Jesus as his or her God and Savior, and as God the Father, Son, and Holy Spirit. The second step is this: through one’s mind, heart, soul and spirit, a person must endeavor to fully grasp and understand the Biblical proofs that Jesus is God and Savior, and is God the Father, Son, and Holy Spirit. If a person does not, fails, or refuses outright, to understand the proofs from the Bible that Jesus is God
and Savior, that person is not truly “born of God”, and he is not completely given the status or the right to become a Child of God Blood Kin of the Christ. -ooo “B-B-T-D-T”: WHAT IS THAT? The third step in accepting and receiving Jesus with full understanding is obedience to, compliance with, or fulfillment of, His commands. Principal of these is known by this group of letters, representing several words in Filipino---“BB-T-D-T”, which actually commands everyone to read, study, and obey the Bible everyday, attend spiritual gatherings, and help the church through tithes and gifts so it can pursue its work for God. Next to be complied with is proving one’s loyal standing born/PAGE 9
DISCLAIMER: All articles and commentaries published in this section are construed to be the sole responsibility of the writers and do not in any manner reflect the stand of the newspaper, its publisher and editors -- The Editor in Chief
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Billboard
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THE FRATERNAL ORDER OF (Philippine ) First Philippine Born Fraternal Socio-Civic Organization Cordially invites you to the CHARTERING & INDUCTION of OFFICERS & INDUCTION of CdeOCHARTERING GOLDEN Eagles CLUB
of OFFICERS of CdeO GOLDEN CLUB
Philtown Hotel & Restaurant Makahambus, Velez St., Cagayan de Oro City October 30, 2017 (LOGO)
Seda Centrio presents Flavors of Spain SEDA Centrio’s signature restaurant Misto started offering since November 9 a number of Spanish dishes on its evening buffet by executive sous chef Robert Ortiz. The newest offering features an extensive spread, combining traditional and contemporary to fine effect and satisfy the Filipino palate – transforming your regular dinner into a time of adventure and discovery. Chef Robert has over six years of culinary experience both locally and in abroad. He has worked as part of the culinary team in a Los Angeles restaurant, exposing him to different cuisines and cultures. He also was a consultant of the well known Sans Rival Restaurant in Dumaguete City. Coming to Cagayan de Oro, he takes inspiration from his experiences and creates his own unique and creative twists on both local favorites and international classics. For this food promotion, Chef Robert showcases well-loved dishes hailing from the culinary regions of Spain – including Gambas al Ajillo, Albondigas and Paella Marinera. Despite having an intense
influence in a majority of Filipino specialties, Chef Robert promises diners of that authentic Spanish experience. The menu boasts itself of Asian twists, revisits traditional Castilian flavors and features inventive dishes such as grilled eggplant with tomato vinaigrette. Discerning diners always expect innovation in the menus served them, Ortiz said, and thus “we have planned to come up with different culinary themes for them to try out, Spanish being one of the firsts.” Misto, an Italian word for mixed, offers dishes aimed to please the palate of global travelers as well as highlighting specialties linked to the local culture. The Flavors of Spain promotion is under the Themed Dinner Buffets happening weekly and allows for the infusion of new entrees and other dishes that Cagayanons will surely enjoy and come to love. The Misto is located at 4/L, Seda Centrio, CM Recto corner Corrales, Barangay 24, Cagayan de Oro City. For inquiries and table reservations, please call 088 323 8888 or 09175775910. You may also email cdo@sedahotels. com. PR
Philab, MyDocNow extend healthcare access through telemedicine
Philab Industries Inc., subsidiary of health sciences firm Philab Holdings Corp. (PSE:DNA), has recently announced its partnership with
My Doctor Now (MyDocNow) that will reach out to the rural and underserved communities in the country through extend/PAGE 9
CdeO GOLDEN EAGLES CLUB Charter Officers for
Year 2017
Eagle EFREN M. CAMARO Charter Club President Eagle HASHKIN VILLORENTE Vice-President Eagle IAN V. ITUM Secretary Eagle SIDNEY BALUCAN Assistant Secretary Eagle DAN E. BORJA Treasurer Eagle IAN DAVE LEQUIN Assistant Treasurer Eagle RICO MOLDEZ Auditor Peace Officers Eagle JAHN UBAOB Eagle CHRISTOPHER LOPEZ Protocol Officer Eagle PHILIP GORRET Eagle REIN CARREON Regional Assemblymen Eagle KENNETH S. KHO Eagle ROLAND R. RAMAS Board of Directors Eagle ADRIAN RUSTE Eagle RONALD WAMINAL Eagle ALFRED YLANAN Eagle JAIME SATURRE Eagle SHERWIN ROBLE Eagle GILBERT EMVERDA Eagle NICOLAS FORTICH Eagle ALFRED TATA CABILI Eagle ROY MAILLA ADVISERS Eagle ANDY T. PAUROM Eagle GULABERTO TOTO C. CORTEZ Eagle ANJUN R. GOMEZ Eagle GERRY DAYANAN Eagle JOSELITO TADEO “(REGIONAL OFFICERS 2017)” 1. EAGLE CONRADO “ANJUN” GOMEZ (GOVERNOR, NMR-1) 2. EAGLE REYNALDO HEMBRADOR (REGIONAL TREASURER NMR-1) 3. EAGLE GUALBERTO “TOTO” CORTER (NATIONAL ASSEMBLYMAN, NMR-1) 4. EAGLE ANDREW “ANDY” PAUROM (PEIL DIRECTOR, NMR-1) 5. EAGLE BYRON BARBA (REGIONAL PROTOCOL, NMR-1) 6. EAGLE DANTE SUDARIA (REGIONAL PRESS, NMR-1) “(NATIONAL OFFICERS EY 2017)”
SIGNED PARTNERSHIP. Philab Holdings Corp. and MyDocNow team up in providing more accessible healthcare services for the Filipino community through telemedicine. (From left to right) Philab Holdings Inc. chairman and president Hector Thomas Navasero and MyDocNow CEO Hugh McClung.
1. EAGLE LOUIE F. CENIZA (NATIONAL PRESIDENT) 2. EAGLE ERLQUIN C. LIM (EXECUTIVE NATIONAL VICE PRESIDENT) 3. EAGLE ALEXANDER ALAG (NATIONAL SECRETARY GENERAL) 4. EAGLE GILBERT GILLE (VICE CHAIR OF PENAPLE) 5. EAGLE JOWELL DAGANG (DEPUTY NATIONAL TREASURER) 6. EAGLE KARL C. UGSOD (NATIONAL INFORMATION SECRETARY) 7. EAGLE CESAR Y. YAMUTA (EXECUTIVE PEIL DIRECTOR) 8. EAGLE BENJAMIN RADA (NATIONAL COMELEC) 9. EAGLE GELLOR JIMMY (NATIONAL MAJORITY FLOOR LEADER)
Philtown Hotel & Restaurant Makahambus, Veles St. Cagayan de Oro City October 30, 2017
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CorporateWorld Aboitiz Equity’s profit hits P15.9B
C
ONGLOMERATE Aboitiz Equity Ventures, Inc. (AEV) has reported a slightly lower profit in the first nine months of 2017, largely due to foreign exchange (forex) losses. AEV told the local bourse on Thursday its net income reached PhP15.9 billion, 7 percent lower than last year’s P17.1 billion. It recognized nonrecurring losses of P1.2 billion coming from forex losses from the revaluation of dollar-denominated loans and pre-termination costs on refinancing. Without the one-offs, AEV’s core net income remained flat at P17.1 billion. “We remain optimistic on the long-term
monday|november 13, 2017
fundamentals of our businesses, and we look forward to continuing to advance business and communities in the execution of our growth strategy,” said Erramon I. Aboitiz, AEV President and Chief Executive Officer. AboitizPower’s earnings contribution to AEV reached P12.1 billion, as its net income improved by 4 percent to P15.7 billion, boosted by its power generation business. Union Bank of the Philippines, together with its subsidiaries, recorded a profit of P6.4 billion, down 22 percent from P8.1 billion last year. The income share of PETNET, Inc., the group’s other financial services company, surged 315
percent to P20 million. Profit of AEV’s nonlisted food subsidiaries (Pilmico Foods Corporation, Pilmico Animal Nutrition Corporation, and Pilmico International Pte Ltd.) declined by 14 percent to P1.2 billion from last year’s P1.4 billion. AEV said Feeds Philippines and Flour reported a drop in net income contributions largely due to lower margins and higher operating costs. Its Feeds Vietnam and Farms saw their incomes increase on expansion in new markets, better margins, and improved selling prices of live hogs. From the infrastructure group, Republic Cement
& Building Materials, Inc.’s income share to AEV declined by 80 percent to P249 million. AEV said a slowdown in cement demand weighed on the firm’s first nine months
of operation, quite different from last year, when there was strong demand due to the election season. Net income of its land subsidiary, Aboitiz Land, Inc., jumped 128 percent
to P340 million due to higher revenues booked by the industrial business unit (BU), and higher sales and notable construction progress by the residential BU. (PNA)
Coffee industry roadmap to globalize local coffee THE Department of Trade and Industry (DTI) is optimistic that with industry support, the country’s local coffee products can join the league of the world’s most competitive coffee brands. DTI Cordillera Regional Director Myrna P. Pablo, National Industry Cluster Coordinator for Coffee, said that DTI aims to develop the coffee industry as a cost-competitive, quality-driven, supply-reliable, and product-diversified value chain in the next five years. The department has publicized its Philippine Coffee Industry Roadmap 2017-2022 in the recently concluded 1st National Coffee Education Congress hosted by the Cavite State University (CvSU) at its main
campus here. Pablo explained that the roadmap strategy requires coffee production, from farming to manufacturing, to observe best and sustainable practices that conform to food safety, quality control, and environmental requirements. The DTI has lined up various interventions, including improved quality and availability of planting materials, enhanced farm efficiency and investments, and competitive market pricing, and setting coffee standards. According to Pablo, the coffee roadmap was approved by Agriculture Secretary Emmanuel F. Piñol and DTI Secretary Ramon M. Lopez last March. The document reports on the
coffee industry’s general production and market trends, development milestones, opportunities and industry targets, as well as the harmonized programs and projects of various concerned agencies to achieve their targets. The roadmap intends to make the sector contribute more to the country’s goal of attaining food security and alleviating poverty. It is now up for localization by stakeholders in the regions with respect to details on work and financial plans, doable activities per strategic objective, targets of regions per roadmap indicator, and financial requirement and sourcing. Coffee congress participants from State University and Colleges (SUCs) and
Research Development Institutions (RDIs) are also set to disseminate their Research, Development and Extension results and showcase the latest technology on coffee in preparation for the full implementation of ASEAN Integration in 2018. The CvSU, as the lead coffee research center, hosted the three-day conference themed “Recognizing the Roles of SUCs in the Development of the Philippine Coffee Industry” from Nov. 6 to 8. Various resource speakers discussed the holistic approach in addressing the issues and challenges of the coffee sector from production, processing marketing, social/ gender issues, and most importantly, the roles of SUCs in coffee research and development. (PNA)
Teacher GOALS By: Evelyn S. Cagaanan, Teacher – lll Kitaotao National High School
Goals for teaching are highly individualized. Only you can answer t h e q u e s t i o n” w h y d o you w ant to b e a Teacher.” A Teacher is in a unique position to have direct impact to the students. They can see their work in action, the changes they effect,so in doing they witness f irst hand t heir go a ls coming to fruition. They have direct interaction wit h p e ople t he y are
helping and whatever their goals may be, they allow them to see their goals realized. But no matter what are those specific goals it can be summed up as a single goal: you want to help people. There are so many way we can help someone as a teacher. Teacher aspire to e duc ate, to inspire, to learn and to effect positive change. One of t he pr incip a l
goal many teachers set for themselves is to be the best educator they can be.. They love to educate students in all aspect of their lives and for many teachers the greatest goal is to be a “ Role Model”, who inspire and encourages students to strive for g r e at n e s s a n d t e a c h them through experience and commitment how to realize their full potential to become the
best they can be. Te a c h e r c a n a l s o i n s p i r e u n i nt e r e s t e d students to become engrossed in learning. They can motivate them to participate and focus and even bring students out of their shell. When a teacher says their goal is to make a difference, this is what they mean: They not only want to change the lives of the students, they want to changes the face of education.
7 BPI posts higher income BSP keeps key rates anew T Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
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BANK of the Philippine Islands (BPI) saw an increase in its net income in the third quarter, driven by the growth in its interest-bearing businesses. In a statement released to the local bourse on Wednesday, the Ayala-led BPI said it booked a net income of P5.36 billion in the three months ended September, 14% higher than the P4.71 billion recorded in the comparable year-ago period. The higher net income booked in the third quarter drove the bank’s nine-month net profit to climb 32.7% to P17.05 billion, excluding oneoff gains from the sale of securities in June last year. Comprehensive income, meanwhile, dropped 7.5% to P17.27 billion. Broken down, the growth in BPI’s earnings for the first nine months was mainly driven by its net interest income — which includes gains from loans, and trading and investment securities, among others — which grew by 13.5% to P35.5 billion. This was due to wider average net interest margin and a higher loanto-deposit ratio. Total loans reached P1.12 trillion, up 20.5%
Banking&Finance
year-on-year. The increase was largely driven by corporate loans which grew by 24.3%. Gross 90-day non-performing loans (NPL) declined to 1.47% from 1.64%, while its NPL reserve cover rose from 112.3% to 125.6%. Total deposits also rose 14% year-on-year to P1.5 trillion. The bank’s current account, savings account ratio was at 71.3%, while its loan-to-deposit ratio was at 74.6%. Meanwhile, its noninterest income declined 8.4% to P17.54 billion, offsetting interest gains. The absence of significant one-off trading gains similar to those realized in June 2016 was to blame for income/PAGE 11
HE Bangko Sentral ng Pilipinas (BSP) kept its key policy rate at 3 percent again on Thursday, and monetary officials attributed this to a manageable inflation outlook. Aside from keeping the reverse repurchase rate (RRP) at 3 percent, the central bank’s policymaking Monetary Board (MB) also kept steady the repurchase (RP) rate at 3.5 percent, the special deposit account (SDA) rate at 2.5 percent, and banks’ reserve requirement ratios. In a briefing, BSP Governor Nestor A. Espenilla Jr. said inflation is projected to remain
within the government’s 2 to 4 percent target band for 2017 to 2019, even as it continues to trek upwards. In October, inflation rose to 3.5 percent from the preceding month’s 3.4 percent, bringing the year-to-date average to 3.2 percent. Espenilla said risks on inflation lean on the upside because of a possible sustained rise of crude oil prices, as well as the transitory impact on domestic prices of the expected implementation of the first tax reform package starting January 1, 2018. The BSP head, however, said such possible
impacts of the tax reform on domestic prices are expected to be offset by the “various social safety nets and the resulting improvement in output and productivity.” He said the proposed reform in the rice industry, particularly the implementation of a tariff in lieu of the quantitative restrictions and the rice imports deregulation, is also expected to counter any inflation uptick. Geopolitical tensions overseas and “lingering uncertainty over macroeconomic policies in advanced economies” are additional offsetting factors on inflation, he
said. The strong rise of domestic credit, in turn, is being monitored by the BSP, he said, citing that this is in line with the expansion of the domestic economy. “Based on these considerations, the Monetary Board believes that prevailing monetary policy settings continue to be appropriate. The BSP will continue to monitor price and output developments for any risks to the inflation outlook and will adjust its policy settings as necessary to ensure stable prices and sustainable economic growth,” he added. (PNA)
EastWest Bank net income grows at end-September EAST WEST Banking Corp. (EastWest Bank) saw a steep increase in its net income in the first nine months of the year, driven by growth across all its businesses. In a statement released to the local bourse on Thursday, the Gotianun-led EastWest Bank reported that it booked a P3.75- billion net income for the January to September period, a 60% jump from the P2.33 billion recorded in the same months a year ago. Excluding trading gains,
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EastWest Bank’s net interest income climbed 22%, while its earnings from fee-based businesses grew 30%. The bank’s lending book grew 18% to P216.3 billion. Consumer loans grew 29% — making up 72% of EastWest bank’s portfolio — led by the bank’s auto loans business. Meanwhile, total deposits rose 19% to P257.1 billion, with low-cost deposits growing 23%. On the other hand, the bank’s non-interest earnings
rose 5% year on year, pulled down by a 70% decrease in profits from securities trading. Operating expenses climbed 16% to P9.9 billion. The bank’s assets climbed 17% to P314.9 billion, which it attributed to the continued expansion of its lending book. EastWest Bank President Jesus Roberto S. Reyes said: “We are happy to note that our higher income is mainly due to improving productivity and lower loan loss provisions. These two items more than
offset the much lower trading revenues and the substantial increase in taxes even as our NPL (non-performing loans) loan loss coverage significantly improved.” “Our third quarter results prove that we are on the right track… As we had projected, we are enjoying the early fruits of our store network expansion which enabled us to generate more deposits, which in turn allowed us to fund more loans and enhance our profitability,” Mr. Reyes
added. The bank’s nine-month performance resulted in a return on equity or 13.8%, while return on assets stood at 1.7%. It also puts the bank on track to meet its 2017 income guidance. “We are on track to end 2017 with a net income of P4.8 billion, or 41% higher versus the P3.4 billion booked in 2016,” said EastWest Bank chief executive officer Antonio C. Moncupa, Jr.
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DENR, JICA join hands to strengthen LGU capacity for improved solid waste management
T
he Department of Environment and Natural Resources (DENR) and the Japan International Cooperation Agency (JICA) signed early this week the Record of Discussions (R/D) for the project aimed at strengthening the capacity of local government units (LGUs) in solid waste management (SWM) using the latest technologies. The R/D for “The Project for Capacity Development on Improving Solid Waste Management through Advanced/Innovative Technologies” was signed by DENR Secretary Roy A. Cimatu and JICA Philippines chief representative Susumu Ito in simple rites held at the DENR central office in Quezon City. Cimatu described the DENR partnership with the Japanese government as “timely and relevant in addressing the issue of solid waste management in the country.” “It (the project) will help improve the country’s SWM system,
particularly the safety closure/rehabilitation of landfill, recycling, composting, waste segregation and operation of material recovery facilities (MRF),” he added. The purpose of the R/D was to establish a mutual agreement for the detailed plan and
implementation of the capacity development project, which is expected to run for the next three years. The cities of Quezon, Cebu and Davao have been chosen as pilot sites for the project. As the agency responsible for the implementation of the project, the DENR has
agreed to coordinate with other relevant organizations and ensure that the project’s selfreliant operation is sustained during and after the implementation period. Soon after he assumed the DENR post, Cimatu declared that strict enforcement of laws on
clean air, clean water and solid waste management will be on top of his priorities. For his part, Ito said the capacity-building project was the “first step” in addressing the waste management issues in the Philippines. “The signing of today’s record of discussions of this capacity development project signals a complete first step in helping the Philippines implement management solutions using advanced technologies,” Ito stressed. He also said that through the cooperation, JICA will be able to share with the Philippines “our experiences and know-how on waste management.” In August, Cimatu met with board members of the Union of Local Authorities of the Philippines (ULAP), an umbrella organization of elected government officials from provincial down to the barangay levels, in connection with the implementation of Republic Act No. 9003, or the Ecological Solid Waste Management Act
of 2000. Cimatu then urged LGUs to be innovative in finding solutions to their respective garbage woes, with the end in view of protecting not only the environment but also the health of their constituents. The DENR, meanwhile, was looking at WTE technologies as a “win-win solution” to the worsening garbage problem in the country, particularly in Metro Manila. DENR Undersecretary for Policy, Planning and International Affairs Jonas R. Leones said the Department has tapped JICA to provide options and technologies to address garbage woes in the country, including capacity building opportunities for the agency’s technical staff. “This project is JICA’s response to our request. Aside from the LGUs, our own people in the Environmental Management Bureau will also benefit from the project as they will be trained in monitoring SWM technologies,” Leones added.
LGU Malaybalay City, Mt. Kitanglad Protected Area Management Board held 21st Aldaw Ta Kitanglad Anchored on the theme “Unity Builds Excellence through Stakeholders’ and Indigenous Peoples’ Partnership”, the 21st Aldaw Ta Kitanglad reeled off on November 7 – 9 at Capital Angel, Malaybalay City. The yearly celebration, which started in 1996, pays tribute to the invaluable contribution of indigenous communities on the protection and development of the Mt.
Kitanglad Range Natural Park and its surrounding areas. The Local Government Unit of Malaybalay City in collaboration with the Mt. Kitanglad Protected Area Management Board will be hosting this year’s festivities. The participants are members of the Talaandig, Higaonon and Bukidnon tribes living within the buffer zone of the protected area. Aside from the
OIC Assistant Regional Director for Technical Service Florenda Lamason-Yap of the Department of Environment and Natural Resources, Region 10 (DENR 10) gives her message to the employees of DENR during the Health and Wellness Lecture on November 3, 2017 at the DENR Conference Room. She pointed out that health is a matter of lifestyle and need to be precautionary and proactive.
Indigenous Peoples, expected to grace the celebration are Senator Juan Miguel F. Zubiri, Bukidnon Governor Jose Ma. R. Zubiri, Jr., and Mt. Kitanglad Protected Area Management Board headed by its chair, OIC, Regional Director Edwin B. Andot of the Department of Environment and Natural Resources, Region 10. Policy makers, officials from the provincial government of Bukidnon and local government units, other government agencies, people’s organizations, non-government organizations, media, academe and the private sector are invited to grace the festivities. An Opening Ritual (Pamuhat) and Kitanglad Guard Volunteers (KGV) Congress will be conducted on November 7, 2017. The KGV are at the frontline in the protection and conservation of Mt. Kitanglad Range Natural Park. Other activities include an indigenous culinary with chef Marx Canoy, Indigenous Peoples Got Talent (Matatao Ha Lumad) and a concert “Awit Ng Pagkakalinga” featuring Waway Saway Band.
Dr. Andresa C. Beńas (standing), Medical Specialist III of the Department of Health, Region 10, shares her knowledge to the employees of Department of Environment and Natural Resources, Region 10 (DENR 10) on Health and Wellness at the DENR Conference Room on November 3, 2017. She encouraged the employees to do physical activities like exercising and manage stress.
On November 8 a tree growing, Environmental Quiz – Elementary Level, Indigenous Sports Competition, Medical and Dental Services and Photo Exhibit will be undertaken. An Environmental DanceDrama Competition, “Pituk Hu Laga Ta Kitanglad” (Search for Ms. Kitanglad 2017) and Disco/Arage Ha Bayle with the LGU Malaybalay City Live Band will also be staged. The third day will be highlighted with a KGV Meeting and Culmination Program. Keynote speakers include Senator
Juan Miguel F. Zubiri, Gina Lopez, Director of ABS-CBN Foundation, Director Theresa Mundita S. Lim, Director, Biodiversity Management Bureau of DENR and lawyer Roberto V. Oliva, Executive Director of the ASEAN Centre for Biodiversity. Congressman Florencio T. Flores, Jr. of the 2nd District of Bukidnon, DENR 10 OIC, Regional Director Edwin B. Andot and Regional Director Pinky Grace P. Pabelic of the National Commission on Indigenous People will deliver messages during
the program. Mt. Kitanglad Range Natural is endowed with diverse and rich flora and fauna making one of the last sanctuaries of the country’s natural heritage. It covers 47,270 hectares in the north central portion of the province of Bukidnon and straddles parts of the municipalities of Baungon, Talakag, Lantapan, Impasug-ong, Sumilao, Libona and Manolo Fortich and the city of Malaybalay. It was declared a protected area in 2000 by virtue of Republic Act No. 8978. It kitanglad/PAGE 9
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Finest... from page 4
There were some 30 or 40 straight-backed chairs arranged classroom style in the middle of the garden, and long narrow tables up front containing the buffet of goodies. There was no blaring music as modern-day parties have, but there was animated conversation among the guests frolicking in rum lubricated elan. Not that it was a complete gathering of local newsmen and writers, the late Rodrigo Lim, publisher and editor of bomba-style news pamphlet called Ang Sidlak, was notably not in the group. There was a “war” between him and Joe Burgos, publisher-editor of The Mindanao Star, which broke out of political involvement by both of them and they squirted literary venom at each other through their respective newspapers. As the evening wore on, someone developed the idea of getting organized. I think it was Bein Cruz, then publisher of the Pioneer Press newspaper in Cebu, which was just terrorized to death by the Cuenco political “bongotons” at that time driving Bein and his brother, Fred, to leave Cebu in a hurry. They came south. Fred Cruz, who later continued his law studies here and became a lawyer, also became editor of The Mindanao Star and president of the Cagayan de Oro Press Club, (COPC) in 1959. He was not in the Paraiso party but he was then trying to organize the Cagayan de Oro Rotary Club as Bein was organizing the all-male Cagayan de Oro Jaycees. Perhaps carried away by their successes in forming two every enthusiastic civic organizations here, Bein suggested the formation of a Cagayan de Oro Press Club, and the reaction from Ginny Paraiso and Joe Burgos was an excitement and chorused: “Why Not?” Thereupon, Bein stood up front and behind the skeletal remains of the lechon to call a meeting to order. Beside Henry, Joe, and Ginny were Manuel V. Quisumbing, editor of Ang Katarungan; Eustaquio Gonzales, representing Don Vicente Neri San Jose, publisher of the Ang Katarungan. (The name Ang Bag-ong Katarungan was coined during martial law (1972) by Augusto “Totoy” Neri, who inherited it from his father.) Jose EF Reyes, father of Edmund Reyes of the Philippine Movement for Press Freedom, Cesario Gaane, associate editor of The Mindanao Star, Carmelito Cataylo, editorial writer of The Mindanao Star, and this writer who was a cub reporter for Joe Burgos. Right then and there, after unanimous decision to declare ourselves a Club, we nominated and elected the first set of officers: Ginny Paraiso, president; Bein Cruz, vice president; Joe Burgos,
secretary; Ciling Gaane, treasurer and so on and so fort. The charter members of the Oro Press Club include Aquilino Pimentel Jr. and Reuben Canoy, whose fight for freedom went beyond press freedom to include the fight for human rights and justice, catapulting them to the heights of national platforms and reputations. “ Than k you Noli for recording this piece of COPC story. We owe it you and the rest of the pioneers where we are now today. To the new breed of Cagayan de Oro media, carry on in upholding press freedom in this part of the country! (ruffy44_ph2000@ yahoo.com)
Authority... from page 4
Tolentino proudly recalls that MMDA’s emergency response team was among the very first to arrive in Yolanda-stricken Tacloban and in other areas similarly afflicted by natural calamities. On the side, Tolentino expressed elation that his on-going electoral protest is proceeding well. The Senate Electoral Tribunal recently started opening the first 12 (out of 635) contested ballot boxes. The opened boxes consisted of 9 ballot boxes from Quezon, 2 in Lanao and 1 in Calbayog. The opened ballot boxes contained 2013 election returns, not those of 2016! This tends to confirm his allegations, Tolentino said, that something was wrong in the way his votes were counted. -- Former MMDA General Manager Corazon Tecson Jimenez, who also attended the anniversary program, now keeps herself busy with solar energy projects. MMDA Counsel Justice Manuel Pamaran is still very much around, sprite and very witty. -- As then Mayor of Muntinlupa, I had t he privilege of serving (in a concurrent capacity) as Chair of the Metro Manila Authority (MMA), MMDA’s immediate fore-runner. At that time, the MMA Chair was elected from among the 17 mayors of Metro Manila for a term of 6 months. I served for three consecutive terms from 1991 to 1992. My term was sandwiched between those of former Vice President / then Makati Mayor Jejomar Binay and former Quezon City Mayor Ismael Mathay. The top metro problems then were garbage and traffic, in that order. Of course, the magnitude of the problems did not even come close to that of today’s. Focus at that time was the construction of the San Mateo sanitary land fill, which had an estimated shelf life of 7 years. Toget her, w it h t hen Congressman Sonny Belmonte, we helped prepare the draft which eventually became RA 7924 or the Metro Manila Development
Authority Law. Among its provisions was for the appointment of a full-time Chairman. Prospero Oreta became MMDA’s first Chairman. He was followed by : Jejomar Binay, Benjamin Abalos, Bayani Fernando, Oscar Inocentes, Francis Tolentino, Emerson Carlos (OIC), Thomas Orbos (OIC) and Danilo Lim. Note: You may email us at totingbunye2000@gmail. com. You may also “like” us on Facebook at “Speaking Out”.
Born...
from page 4 as a believer in his or her thoughts, words, behavior or conduct, and in his or her appearance, according to what the Bible is saying likewise. Then, part of these steps would be the committed participation of the believer in carrying out God’s endtime work, which is basically proclaiming and saving souls. If a believer will fulfill all of these steps, he or she will be considered “born of God”, and he or she will be given the right to become a Child of God Blood Kin of the Christ, who will be rewarded with three stages of salvation---salvation from the rigors and problems of daily living in this world, salvation from the Great Tribulation, and salvation in eternal life. -ooo WATCH ANG TANGING DAAN” AT FACEBOOK: “Ang Tanging Daan” is a Bible exposition and prayer session for everyone, in English and Filipino, 24/7, worldwide, that can be viewed at www.facebook. com/angtangingdaan. Please see the video section. Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email:batasmauricio@ yahoo.com
Extend... from page 5
remote diagnostics a nd t re at ment , f u r t her s t re n g t he n i n g Ph i l a b ’s goa l i n prov id i ng access to healthcare ser vices for over 100 million Filipinos. Initially launched in the Philippines l a s t 2 016 , M y D o c N o w is an organization of medical and health professiona ls ded ic ated i n w iden i ng hea lt hc a re opt ions t hroug h v ir t ua l h e a l t h c a r e d e l i v e r y. The 24/7 telemedicine plat form is mea nt to convenient ly connect pat ients a nd physicia ns, especia lly for emergency ca re. “It is crucia l to ef f icient ly del iver t he best possible treatment to everyone. With the help of telemedicine technolog y, we a re addressing t he cha l lenge of reaching out to t he u nderser ved com mu nit ies i n need of equal medical attention,” s a i d To m N a v a s e r o , cha irma n a nd president of Phi lab Hold i ngs Inc. Telemedicine is known as t he use of mobile dev ice a nd t he i nternet
t hat sea m lessly prov ides communication bet ween doctors a nd pat ients. Its real-time services include v ideo consultations with doc tors, comprehensive pat ient educ at ion a nd remote monitoring t hroug h a sma r t phone d e v i c e . A d d i t i o n a l l y, it offers deliver y of prescriptions, medication and lab results, and doctor or nurse home visits 24/7 i n selec ted a reas. “ We a r e c o m m i t t e d in bringing this telemedicine plat form around t he countr y w it h t he goa l to prov ide a m or e e f f i c i e nt w ay for patients and doctors alike t o re c e i ve a nd prov id e qua lit y ser v ices. The presence of telemedicine technolog y removes t he inconvenience a nd costs for bot h doctors and patients when it comes to travelling and distance,” s a id Dr. M i ke Verga r a , chief med ica l of f icer of MyDocNow. Through this pa r t nership, Phi lab a nd MyDocNow env ision a f uture wherein even p at ie nt s i n r u r a l a re a s c a n ea si ly consu lt w it h med ica l ex per ts w it hout going through the trouble of t ravel l i ng for hou rs. “Immediate attention from a medical professional is f u nda menta l, most especially when it c om e s t o p at i e nt s w ho a r e s e e k i n g for u r g e nt t r e a t m e n t . R i g h t n o w, t he rapid progress of technolog y is on our side and we must fully utilize it in order to continuously provide convenience and accessible hea lthcare solut ions to t he publ ic,” Navasero added. E st abl i she d i n 1958 , Phi lab has been present i n t he l i fe sciences a nd healthcare industry for ove r 59 y e a r s . T h e compa ny supplies li fe science equipment, designs and builds laboratories, d ist ributes in-vitro diagnostics (IVD) tools a nd now invests on n e w b u s i n e s s v e nt u r e s focused on genomics.
Kitanglad... from page 8
became the 28th ASEAN Heritage Park (AHP) and the first AHP in Northern Mindanao in October 2009. It is a major watershed that provides water for irrigation, p o w e r g e n e r at i o n a n d domestic use for Bukidnon as well as the province of Misamis Oriental. It is also the catchment area of the Cagayan, Tagoloan and Pulangi river system. The Provincial Government of Bukidnon and BUSCO Sugar Milling C omp any, Inc . are t he partners in the celebration with other concerned organizations. The local government unit of Impasug-ong, Bukidnon is next year’s host of the Aldaw Ta Kitanglad. (From the report of the Mt. Kitanglad Protected Area Management Board)
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The Night Stalker
Thai Me Up Centrio re-opens · Now more Thai than ever!
C
agayan de Oro’s first Thai restaurant has re-opened its doors to the loyal faithful and is now even more Thai than ever! During the 23 October 2017 soft opening attended by friends in mainstream and social media, we were apprised on the reason for the renovation of the place simultaneously opened in 2013 with Centrio Mall and the revamp of its menu. “Almost all of the other restaurants around the Centrio Garden were either new, or had undergone renovations and menu upgrades,” noted Jan Uy, who together with wife Maggie and Managing Partner Cathy L. Dano, put up the original place four years ago. “So we thought it’s high time we freshen up the look of TMU Centrio as well as introduce a new menu to reward our patrons who’ve remained faithful to us through all these years,” Jan added. The change is instantly recognizable even from the outside, with a brand new Thai Me Up Logo right over the door. “In keeping with the Thai menu, we wanted to achieve an ambience similar to what you’d experience in a real Night Market in Thailand,” said Jan, who came up with the concept for the look of the original TMU Centrio in 2013, as well as the original TMU restaurant along Gen. N. Capistrano street and its subsequent transition to FilMeUp and now Cucina Higala. “What we did was set up false fronts that look like the shops in a Night Market in Thailand, with some of them open, some closed, and still others ‘Under Renovation’,” explained Jan. “You will note we also have the gas lamps you find in a Night Market as our lighting, as well as the wooden tables and chairs. I believe
we’ve attained a fairly similar look that will give TMU Centrio the unique ambience you’ll find in a real Thai Night Market.” Of course, the be-all and end-all of all that is the new and expanded menu which Chef Cathy Dano describes as “More Thai than Ever.” “You will recall the original TMU resto at Capistrano was basically a fusion of Filipino and Thai cuisines,” Chef Cathy noted. “However, for the new TMU Centrio, we’ve decided to bring in more authentic Thai Dishes to offer our patrons something new to look forward to.” During the soft opening last Monday, my wife Gardy and I were treated to a dizzying array of one Thai dish after the other. Since both of us had already previously been to Bangkok, and specifically enjoyed dinner in a Thai Night Market, indeed the new TMU Centrio menu is as close to the real thing you can get here in Cagayan de Oro, as is the place to a real Thai Night Market. Among the new items in the menu we tasted during the soft opening was Chicken with Chili Paste, Stir Fried Chicken Mushroom, Seafood Yellow Curry, Son-inLaw Eggs (!Don’t ask, just eat!), and Green Curry Rice. We especially like the Seafood Yellow Curry, but of course, that’s our personal palates talking! Of course, TMU Centrio has kept the favorite menu items of its loyal clientele like Bagoong Rice, Tom Yum Soup, Spring Rolls, our personal favorites, Pomelo Salad, Pad Thai Noodles and the favorite of our bunso Jules, Mango Mambo! Invite a friend today to enjoy the ambience and cuisine of an authentic Thai Night Market! Bring them to Thai Me Up! Centrio, now more Thai than ever!
As Thai as Tom Yum soup can get
Green Curry Rice
Chicken Chili Paste Seafood Yellow Curry
Son-in-Law Eggs.
Mango Mambo
Media and Blogger Friends with Jan & Maggie Uy & Chef Cathy Dano at the soft opening of Thai Me Up Centrio 23 Oct 2017 (photo courtesy of Explorer’s Channel)
Jan & Maggie Uy, Chef Cathy Dano with media & blogger friends at TMU Centrio soft opening 23 Oct 2017 (photo courtesy of Explorer’s Channel)
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Assures...
concessionaires which extend up to Opol, Misamis Oriental.
from page 1
petition for rate increase be denied. But Rio Verde on Friday quashed the apprehension after its lawyer appeared before the City Council committee on public utilities that is conducting a public hearing on their impending petition. During the committee hearing, lawyer Earl Anthony Gambe told chairman Councilor Teodulfo Lao that Rio Verde would continue providing water to COWD until the end of its contract. A few months earlier, COWD and Rio Verde agreed to rescind their 13-year-old contract as part of a deal with the Commission on Audit (COA) which has filed a case against the water utility. But less than a month before the supposed dissolution of the contract, Rio Verde demanded a rate increase to COWD for the remainder of its doomed partnership. In a related development, COWD chair Eduardo Montalvan also assured committee members that Cagayan de Oro Bulk Water, Inc. (COBI) will immediately take over all the bulk water supply operations that would be left behind by Rio Verde. This, even though COBI has yet to finalize a contract with COWD, Montalvan said. COBI was the company created by the joint venture agreement signed by COWD and Metro Pacific Water last August. At the time, COWD was scouting for another bulk supplier after its contract with Rio Verde got legally tangled, according to the utility’s general manager Rachel Beja. COBI, which is 95 percent owned by Metro Pacific and five percent owned by COWD and has its own juridical entity, is still in the process of negotiating a contract with the utility. Being a new company, COBI doesn’t have any facilities yet in the city. It is expected to lease the existing facilities of Rio Verde once it takes over the bulk water supply of COWD’s
Infra...
from page 1 broader Laguindingan airport access widening. Villar ordered the DPWH 10 office under director Virgilio Eduarte to assist the agency’s central office and its counterpart in the Autonomous Region of Muslim Mindanao (Armm) while reconstructing the war-torn city. The first accomplishment of the agency will be the November 25 completion of the road network leading to the resettlement site of people displaced in the five-month war against Islamic State-inspired Maute terrorists. On Thursday, the DPWH has just received P195 million from the 2017 National Disaster Risk Reduction and Management Fund as initial coverage of its Marawi City rehabilitation. This, even as a Mindanao State University (MSU) based think tank had released a proposal covering P67 million for the infrastructure rehabilitation there. Earlier estimates by the government put the amount at P50 million. In the MSU Technical Working Group proposal, there must be a comprehensive reconstruction of all government facilities that were damaged in the battle that started in May and ended last month.
Victims... from page 1
wooden shelters were recently moved to a new resettlement area thanks to the joint efforts of the Local Government Unit of La Paz (LGU La Paz), the Provincial Government of Agusan del Sur (PGAS), Technical Education and Skills Development Authority (TESDA) and the Department of Social Welfare and Development (DSWD). The resettlement project was realized after stakeholders agreed on a joint initiative with the provincial government providing the roofing materials, the LGU La Paz the wood supplies, TESDA
Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region BRANCH 24 Cagayan de Oro City NATIONAL HOME MORTGAGE FINANCE Mortgagee, -versus- EDITHA LIM CHAVES, Mortgagors. X-----------------/
from page 1 signed by Blair Villanueva, CITEM Chief Content Manager ,was given for “design that symbolizes an untouched beauty of a Filipina: classic and timeless. Each weave expresses strength, loyalty and being resilient – characters that make us more proud of our culture.” Maynagcot hails from the Municipality of Trento. She was one of two producers from the province of Agusan del Sur to be featured in the Mindanao One Pavilion at the Manila FAME. The other producer was Anavilla Gam, sinamay producer from the Municipality of Sibagat. Maynagcot is set to join DTI Agusan del Sur’s Trade Promotion Officer Corazon dela Pena for the Branding and Packaging Design Mentoring and Coaching of the Association of Accredited Advertising Agencies of the Philippines or 4As after her stint at the Manila FAME.
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masterplan underlining the competitive advantages of each country in terms of food production, manufacturing and other industries. “This plan should detail what particular countries can produce certain commodities or items efficiently and at the least cost to Asean members,” he said. Go added the heads of ASEAN and their ministers must devise a system where all member states can cooperate rather than compete to achieve synergistic growth among them. Alexander Valoria, Anflo Management and Investment Corporation president said he hopes to see the ASEAN negotiate as one bloc for free trade agreements with Japan, South Korea, US and China. Citing the Central AmericaKorea Free Trade Agreement, Valoria said six Central American countries – Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panama – formed a single bloc and held seven negotiations with South Korea that lasted 17 months before signing an FTA in October 2016. He said the FTA covers 95 percent of the products from the Central American countries such as bananas and pineapple. Pilipino Banana Growers and Exporters Association executive director Stephen Antig said he hopes they would further discuss strengthening economic cooperation and harmonize trade and export protocols. He also wanted the ASEAN leaders to come out with joint actions against terrorism. DCCCII chair Antonio Dela Cruz echoed the same sentiment saying they need to talk about regional security. Dela Cruz said he also wants ASEAN leaders and their ministers address issues concerning the micro, small and medium enterprises and globalization.
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City BRANCH 25
SHERIFF’S NOTICE OF SALE EJF File No. 2017-345 EJF FILE NO 2017-344
FOR: EJF OF REAL ESTATE MORTGAGE UNDER ACT 3135
Upon extra-judicial petition for sale under ACT 3135 as amended filed by NATIONAL HOME MORTGAGE FINANCE CORP., (NHMFC), mortgagee, against EDITHA LIM CHAVES, mortgagor, resident of Block 15, Lot 1, Virginia Homes 1, Iponan, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of March 31, 2017, amounts to (P 896,847.23) excluding penalties, charges, attorneys fees and expenses of foreclosure, the undersigned Sheriff will sell at Public Auction on December 11, 2017 at 9:00 A. M. or soon thereafter at RTC Branch 24, Hall of Justice Building, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the properties with all its improvements to wit: TRANSFER CERTIFICATE OF TITLE NO. T-90299 A PARCEL OF LAND, (Lot 1, Block 15, Psd-104305-018798, being a portion of Lot 3656, Cad-237, Cagayan Cadastre), situated in the Barrio of Iponan, City of Cagayan de Oro, Island of Mindanao. Bounded on the N., along line3,4 by Road Lot 6; on the E., along line 4-5-1 by Road Lot 14; on the S., along line 1-2 by Lot 2, of Block 15 of the subdivision plan, Cad-237, Cagayan Cadastre. Containing an area of ONE HUNDRED EIGHTEEN (118) square meters more or less. Prospective buyers may investigate for themselves, in the event of Auction Sale cannot take place for whatever legal reason the sale will proceed on the following day, without further notice, posting and publication, the title here in above describe and encumbrance thereon, if any there be. Cagayan de Oro City, Philippines, November 6, 2017.
BWM: Nov. 13, 20 & 27, 2017
FAME...
Pacts...
OFFICE OF THE PROVINCIAL SHERIFF
SHERIFF’S NOTICE OF SALE
trained all the fathers of the recipient families on carpentry skills while DSWD Caraga extended P40,000 as emergency assistance which serves as the “Food for Work” concept until the houses were finished. Many of the recipients were displaced when their homes were washed out by rampaging floodwaters when flash floods caught thousands of residents by surprised causing a magnitude of calamity in the affected areas. The resettlement area was located to a safer grounds from what used to be a community living near the river banks and the village was renamed “New Angeles.” The turnover ceremony was witnessed representatives from PGAS headed by Forester Ronulfo R. Paler, Acting Provincial Administrator and Tirso Gomez, Municipal Administrator of LGU La Paz together with the two SB Member Weng Pilayo and Gomez Junior.
(SGD.) TERESITO C. ESTENZO Sheriff IV
Upon Extra-Judicial petition for sale under Act 3135 as amended filed by NATIONAL HOME MORTGAGE FINANCE CORPORATION, (NHMFC), mortgagee with postal address at 104 Amorsolo St., Legaspi Village, Makati City against NILA BUGAHOD PASA, Mortgagor, single, with postal address of Block 18, Lot 3, Villa Trinitas Subdivision, Cagayan de Oro City to satisfy the mortgaged indebtedness which as of March 31, 2017, amounts to Nine Hundred Ninety Four Thousand Three Hundred Seventy Four 66/100 (994,374.66) exclusive of interest and penalty charges plus the expenses of the foreclosure, the undersigned sheriff will sell at public auction on December 20, 2017, at 10:00 o’clock in the morning or soon thereafter at Regional Trial Court, Branch 25, Hall of Justice, Goldridge Building, Masterson Ave. Corner P.N. Roa Sr. Avenue, Upper Carmen, Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the properties mentioned in the said mortgage which is described as follows: TRANSFER CERTIFICATE OF TITLE NO. T-66640 “ A PARCEL OF LAND (Lot 3, Block 18, Psd-10-015679, being a portion of Lot 1-D-2-E-9, (LRC) Psd-96900) situated in the Barrio of Bugo, City of Cagayan de Oro, Island of Mindanao. Bounded on the W, along line 1-2 by Lot 2, of Block18 of the Subdivision plan Psd-10-015679 xxx. Including all improvements existing thereon, containing an area of One Hundred Forty (140) square meters, more or less. Registered in the name of NILA BUGAHOD PASA. All sealed bids must be submitted to the undersigned on the above stated date, time and place. In the event the public auction on December 20, 2017 should not take place on the said date for whatever reason, the same will proceed on the following day, without further notice, posting and publication. Prospective buyers/bidders may investigate for themselves the title of the herein above-described properties and encumbrances thereon, if any there be. Cagayan de Oro City, November 6, 2017. FOR THE EX-OFFICIO PROVINCIAL SHERIFF:
BWM: Nov. 13, 20 & 27, 2017
(SGD.) LOVE M. VERDADERO Sheriff IV
The Philippines chairs the ASEAN this year, which coincides with the regional bloc’s 50th anniversary. (Antonio L. Colina IV/MindaNews)
Income...
from page 7 the lower earnings. Meanwhile, BPI’s fee-based income rose 20.1% year-on-year, mainly driven by investment banking, asset management and trust, deposit-related fees, and credit cards. On the other hand, BPI’s expenses for the first nine months of the year totalled P27.86 billion, 8.9% higher than costs recorded the same period last year, due to increased spending in technology, as well as higher regulatory costs. The bank’s total assets climbed 13.2% to P1.8 trillion, while total capital stood at P181.88 billion, up 8.2% year-on-year. BPI’s capital adequacy ratio was at 12.7%, while common equity Tier 1 ratio was at 12.47%, both higher than end-2016 levels and also the regulatory minimum. BPI’s cost-to-income ratio was 52.5%, higher compared to 50.7% for the same period last year. Return on equity was 13.1% and return on assets was 1.3%, lower by 1.6 and 0.2 percentage points, respectively. In a statement, BPI President and Chief Executive Officer Cezar P. Consing said the third-quarter
and nine-month results showed “a good balance of growth and profitability.” “Earnings from lending operations and fee-based businesses are good, and the investments we have been making in technology and digitization should allow for even stronger operating and financial results going forward,” Mr. Consing said.
Road...
from page 2 Local Road Fund (SLFR) for 2017. These projects include the rehabilitation and improvement of the Barangay Tignapoloan Road worth P2.8 million; Pagatpat-Camarahan Road, P3 million; and the Safety projects of Bayabas to NHA Road, P2.9 million. Pursuant to Agreement, DPWH shall provide a monthly status of fund releases and liquidations to DILG, ensure that the projects are implemented in accordance with DPWH road specifications and conduct a final inspection of each of the completed projects. For its part, DILG shall coordinate with DPWH for the transfer of funds, provide technical assistance to the city and provide training for institutional capacity building on local road management, among others.(SP)
R.A Form No. 10.1 (LCRO) Republic of the Philippines Local Civil Registry Office Province: Misamis Oriental Municipality: NAAWAN NOTICE FOR PUBLICATION In compliance with Section 5 of R.A 9048, a notice is hereby served to the public that MAILYN CABILADAS MAGSALOS-ESCUARDO has file with this office a Migrant Petition for a Change of First Name from “AIZA“ to “MAILYN“, in the birth certificate of MAILYN CABILADAS MAGSALOS-ESCUARDO who was born on January 29, 1990 at Bagong Silang, Maramag Bukidnon and whose are ELDIE B. MAGSALOS and NENA U. CABILADAS. Any person adversely affected by said petition may file his written opposition with this Office not later than November, 2017. (SGD.) MARLON S. DACOCO Municipal Civil Registrar BWM: Nov. 13 & 20, 2017 Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12TH Judicial Region BRANCH 07 Tubod, Lanao del Norte HERLYN MIRANDA LUMAQUE, Petitioner. SP. PROC. NO. 331-07-2017 -versus For: Correction of Date of Birth THE MUNICIPAL CIVIL REGISTRAR OF KOLAMBUGAN, LANAO DEL NORTE, Respondent. X-----------------/ ORDER Before this Court is a petition for CHANGE OF DATE in the Birth Certificate of the herein petitioner. Petitioner alleges that she is of legal age, married and resident of Riverside, Kolambugan, Lanao del Norte. Respondent is sued in his/her official capacity. Petitioner was born on January 11, 1956 at Kolambugan, Lanao del Norte, Philippines. That in all her existing personal records, documents and transaction, she indicated January 11, 1956 as her date of birth, as evidenced by her Baptismal Certificate, earliest school records and medical records. However, her date of birth appearing in her Certificate of Live Birth was erroneously entered as January 11, 1955 under registry number 2004-242 as shown in her Birth Certificate. That she has no pending administrative, civil or criminal records, evidenced by her NBl and Police Clearances. She seeks for the correction of such erroneous entry to conform with her existing records, documents and transactions. Hence, this Petition. Set the initial hearing of the petition to December 11, 2017 at 8:30 in the morning before the sala of this Court. Furnish copy of this Order to the Office of the Solicitor General at Makati City, Office of the Local Civil Registrar of Kolambugan, Lanao del Norte, the Public Prosecutor’s Office in Tubud, Lanao del Norte, to Atty. Nestle S. Agopitac, petitioner’s counsel of Crossing, Tubod, Lanao del Norte, and to the petitioner, Herlyn Miranda Lumaque of Riverside, Kolambugan, Lanao del Norte. The petitioner is hereby directed to publish copy of this Order to a newspaper of general circulation within the province of Lanao del Norte for three (3) consecutive weeks, at his expense. Any person/s interested to the petition may come to Court on said date and time to show cause why said petition should not be granted. SO ORDERED. Tubod, Lanao del Norte. November 10, 2017. (SGD.) DENNIS P. VICOY Acting Presiding Judge BWM: Nov. 13, 20 & 27, 2017
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monday|november 13, 2017