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US-Asean trade ties MEMBER states of the Association of Southeast Asian Nations (ASEAN) can expect a better trade partnership with the United States. Presidential Spokesperson Harry Roque made the statement, echoing US President Donald Trump’s pronouncement during the ASEAN-US dialogue on Monday at the Philippine International Convention Center (PICC) in Pasay City. He noted that it was Trump who introduced the topic on trade during the meeting. “It was all trade from President Trump beginning with the bilateral in the Philippines after the President’s (Duterte) lengthy explanation on the war on drugs. It was President Trump that brought up the issue of trade especially he brought up the issue of their high tariffs imposed on Philippine cars into the Philippines,” the Secretary said.
Lending program DEPARTMENT of AgricultureRegional Field Office 10 (DARFO 10), in collaboration with the Agricultural Credit Policy Council (ACPC) turned over P54.43M worth of checks to the lending conduits in the pilot province of Bukidnon in October 2017. The turn-over ceremony was done at the Northern Mindanao Agriculture Crops and Livestock Research Complex (NMACLRC), Dalwangan, Malaybalay City. Led by OIC Regional Director Carlene C. Collado and ACPC Director Cristina G. Lopez, Team Leader for Bukidnon, the checks were given to three lending conduits: Sta. Monica of Pangantucan Multi-Purpose Cooperative of Pangantucan, Bukidnon (P9.95M), Mindanao Consolidated Cooperative Bank (MCCB) with Cagayan de Oro and Misamis Oriental as their service areas (P40M), and Lumintao Farmers Multi-Purpose Cooperative (LUFAMCO) of Quezon, Bukidnon (P4.48M).
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By MIKE BAÑOS, Editor-at-Large
HE Cagayan de Oro ICT Business Council will host two key national events of the Information and Communications industry on November 16-17, 2017 at the Limketkai Center in Cagayan de Oro City.
These are the national launch of digitalcitiesPH and the 9th National ICT C onfederation of the Philippines (NICP) Summit.
The NICP is the umbrella organization of ICT Councils from all over the Philippine and will host the two events in cooperation with the
Department of Information and Communications Technology (DICT). The NICP), Inc. was recently awarded by the Board of Trustees of the Information Technology and Business Process Association of the Philippines with the IBPAP-Globe Sapphire Flare for Brilliance Award for ‘ardently investing efforts on discovering emerging locations and strategically summit/PAGE 11
Bambi hits Oca for COWD mess By MARK FRANCISCO, Staff Writer
“KUNG witness ka sa usa ka krimen pero dili ikaw ang naghimo sa mao nga krimen, does that mean dili ka manggilabot?” Misamis Oriental Gov.
Yevgeny Vincente Emano took this metaphor at criticizing Mayor Oscar Moreno during Monday’s weekly flag raising at the hits/PAGE 11
Indonesia Fashion Expo slated in Davao City By ANTONIO L. COLINA IV, MindaNews
DAVAO City -- A three-day 1st Indonesia Fashion Expo (IFE) 2017 will be staged at the Abreeza Mall of Davao from November 24 to 26 that will highlight some Indonesian products that can be sold in the Philippines.
In a letter emailed on Monday, Indonesian Consul General Berlian Napitupulu said the staging of the expo is part of their effort to promote the economic partnership between the Philippines and fashion/PAGE 11
Sarangani power business propels Alsons 3Q income A L S ON S C on s o l i d at e d Resources, Inc.’s (ACR) reported a 15.2-percent rise in net earnings for the first nine months of 2017 to P274.48 million from P238.09 million in the same period in 2016. ACR indicated that the increase was propelled by the robust revenue growth
in the operations of the first 105-megawatt (MW) section of the company’s 210-MW coal-fired power plant in Maasim, Sarangani Province under Sarangani Energy Corporation (SEC). In a disclosure to the Philippine Stock Exchange, income/PAGE 11
EFFIGIES BURNING. Militant groups in Davao City burn the effigies of President Rodrigo Duterte and US President Donald Trump on Monday to protest the ongoing ASEAN Summit in Manila. mindanews photo
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Economy 2 LWUA continues to work Police says NPAs targeting to ensure stable water supply for returning Marawi residents power plant in Balingasag Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
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By MARK FRANCISCO, Staff Writer
HE New People’s Army (NPA), which has stepped up its attacks in the region last week, are reportedly targeting the 165MW Minergy coal-fired power plant in Balingasag, Misamis Oriental. In a press release, Philippine National Police (PNP) 10 spokesperson Senior Supt. Lemuel Gonda said that they have stepped up its security around the perimeter of the power plant, even extending up to Lagonglong town
in response to such intelligence reports. The 4th Infantry Division has likewise augmented the security force in eastern Misamis Oriental in assisting the PNP, Gonda further reported. Along this line, a platoon from the Philippine Army encountered ten NPA rebels last Sunday afternoon which resulted in a 20-minute firefight in barangay Banglay, Lagonglong town. The vicinity is just a few
kilometers away from the power plant which is located in nearby barangay Mandangoa, Balingasag municipality. Per police report, Gonda said that the Army troops headed by one 2nd Lt. Eric Buyan engaged the rebels but with no casualties on both sides after the NPAs withdrew. PNP 10, quartered in Cagayan de Oro City’s Camp Alagar, immediately alerted its Regional Public Safety Battalion (RPSB) to augment the Army platoon in pursuing the rebels. Gonda maintained that the rebels were in the area
conducting reconnaissance for possible attack at the Minergy power plant. Meanwhile, another ambush against government armed forces purportedly perpetrated by the NPAs was conducted at 8:30 a.m. also last Sunday in Iligan City near the vicinity of Talakag, Bukidnon – site of two previous ambushes only last week. In this latest development, one T/ Sgt. Edgar Andal, head of the platoon which was ambushed, was killed while a certain Cpl. targeting/PAGE 11
ILIGAN City – The Local Water Utilities Administration (LWUA) is coordinating with the local water district in order to ensure reliable and stable water supply for the returning Internally Displaced Persons (IDPs). LWUA Mindanao operations manager Josephine Miravalles, during the inter-agency meeting of the Task Force Bangon Marawi on November 9 in Iligan City, said that the local water district has four water pump stations but only two are operational, namely the Bangon and Agos station. She disclosed that they
could make the other two operational but upon their on-site inspection last week, they found out that there are too many leaks that water would just be wasted if opened. HUDCC Chief and Task Force Bangon Marawi Chair Eduardo del Rosario called on LWUA to fasttrack repairs of leakages because like electricity, sufficient water supply is a basic need of returning Marawi residents. It was learned that out of nine barangays where IDPs are allowed to return, six are serviced by the local water district. When inquired on the ensure/PAGE 11
RPN Radyo Ronda Stations Nationwide
CNN Philippines Stations Nationwide CNN Philippines TV-9 Manila CNN Philippines TV-12 Baguio CNN Philippines TV-12 Dagupan CNN Philippines TV-26 Tarlac CNN Philippines TV-10 Iriga CNN Philippines TV-4 Iloilo
CNN Philippines TV-8 Bacolod CNN Philippines TV-9 Cebu CNN Philippines TV-5 Cag. de Oro CNN Philippines TV-5 Zamboanga CNN Philippines TV-7 GenSan CNN Philippines TV-9 Davao
DZBS 1368 Baguio DZRL 639 Batac DZTG 621 Tuguegarao DZKI 1332 Iriga DYKW 936 Binalbagan DYKB 1404 Bacolod DYKC 675 Cebu DXKO 1368 Cagayan de Oro DXKS 1080 Surigao DXKD 1053 Dipolog DXKP 1377 Pagadian DXXX 1008 Zamboanga DXKT 1071 Davao DXDX 693 General Santos
Regional Search for DSWD Exemplary Child The Department of Social Welfare and Development (DSWD) Field Office 10 names the regional winners for the Pantawid Pamilyang Pilipino Program Exemplary Child on October 31 in Cagayan de Oro City and they include (L-R) Deserie Moñasque of Bukidnon who won the fifth place, Claire Dolojol of Lanao del Norte (second place), Quirchie Kate Langala of Misamis Oriental (first place), Dennis Kein Ramirez of Misamis Occidental (third place) and Daniella May Cagampang of Camiguin (fourth place). (RTP/PIA10)
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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Wednesday | November 15, 2017
The Misamisnons enjoying the festival.
Infinite Success:
8th Pas’ungko s’g MisOcc Festival 2017
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housands of foreign, domestic, and local tourists coming from the different seventeen (17) cities and municipalities of the Province of Misamis Occidental witnessed and enjoyed the colorful, stunning Cultural-based Subanen dances in Thanksgiving of the 8th Pas’ungko s’g MisOcc Festival 2017 in congruence of the 88th Founding Anniversary of the Province, being tagged as “Infinite Success 888 Celebration led by the dynamic 1st ever Lady Governor, the Hon. Herminia Ramiro. Now on its 8th year of Infinite Success, the Pas’ungko s’g MisOcc Festival 2017 is a Celebration of Thanksgiving for Bountiful Harvest of the Subanen “people of the river” who were the first settlers the Indigenous Peoples (IPs) of Misamis Occidental. The Thanksgiving Festival “Pas’ungko” is expressed
By Joe Palabao
through dance steps in their Prayers to the Magbabaya, Grace and blessing received, praise and casting of bad spirits. Pas’ungko s’g MisOcc Festival is manifested by the Subanen through Rituals like their Welcome ritual-welcoming visitors, Courtship and Wedding in their marriage, Thanksgiving for their bountiful harvest, Enthronement, Baptism and Healing. The Ritual on Courtship and Wedding for Subanen Marriage were performed by the Local Government Units of Don Victoriano, Lopez Jaena and Baliangao, Ritual for Welcome of guests performed by the LGUs of Aloran, Bonifacio and Panaon, Ritual for Thanksgiving and Harvest performed by City of Oroquieta, Concepcion and Tudela, Ritual for Enthronement by the LGUs of Sinacaban and Plaridel, Ritual on Baptism performed by the LGUs of Jimenez,
Hon. Mayor Diego Ty of the Municipality of Plaridel in cloud 9 raising their Championship Trophy
Sapang Dalaga and Clarin and Ritual on Healing performed by the LGU of Calamba and Ozamiz City. Tangub City a multi awarded LGU was a guest performer. The Festival Keynote Speaker was Senator Cynthia Villar-the Senate Chair in Food and Agriculture and was richly introduced by the first Lady Governor Hermie Ramiro. Senator was so happy and encouraged for Farm Tourism Development in Subanen Communities for food security and be a tourist destination in the Region. Senator Villar was adopted daughter of the Subanen. ASEC Marissa Diploma delivered the message of Tourism Secretary Wanda Tulfo Teo. Congratulated the Misamisnon for the successful Festival and assured continuous support for the festival which now runs on its infinity year of success. Board Member Gerald Hilarion Ramiro festival/PAGE 9
Hon. Mayor Jason Almonte of Oroquieta City Tourism Regional Director May Salvana Unchuan and Board Member Gerard Hilarion Ramiro Region X and Secretary Wanda Tulfo Teo
Tourism ASEC Marissa Diploma
Festival Queen 2017 with Board Member Hon.Pablo Ty, Hon. Gerard Hilarion Ramiro, Vice Governor Virginia M. Almonte, Gov.Hermie Ramiro and Board Member Hon. Dodge Cabahug.
Festival Queen 2016 Oroquieta City
Keynote Speaker Senator Cynthia Villar
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Blunder
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Soul Sickness think a minute
jhan tiafau hurst Think a minute…Have you at one time been sick, but you knew that doctors and medicine could not help you? What did you do? Who did you go to? The village medicine man or woman for traditional medicine? Recently I read about a medical doctor who was very sick. But instead of treating himself or going to another medical doctor, even a traditional medicine man, he called a preacher. This doctor told the preacher that he was desperately sick, not in his body, but in his soul and conscience. The doctor said: “All my life I’ve carried this guilt and memories of all the wrong things I’ve done. My guilt has become like a disease or cancer that’s killing me inside, and I’m not able to find a cure for it!” The doctor asked the
preacher to pray for him, and sure enough, the doctor was healed and free from his guilt. That doctor was right. You and I can never get free from the guilt of our past wrongs. The cheap sex we had with that person who’s not our wife or husband. Our lying and stealing in business or at our job. Our getting drunk and beating up our own wife and children. Aborting our baby. These and many other memories of our wrongs continue to hurt and shame us wherever we go, so we cannot escape. They’re inside our mind and conscience like a disease or cancer. It’s true: there is no medical doctor or traditional medicine that can cure our guilty conscience. Humans have no cure for it. Only God the Son can make you free and healthy. If you and I will simply admit we are guilty of all our sins and ask Jesus to give us His gift of forgiveness and new life, then our sick soul and conscience can finally be free from all our guilt! For your own health and happiness, why don’t you ask Jesus for His gift of forgiveness and new life today? Just Think a Minute…
Ruffy magbanua DAMN, it’s never easy to admit we made mistakes, but admittedly, it’s a crucial step in learning, growing, improving ourselves and moving forward positively. One classic example of such blunder was the invite for that unwanted guest during an event of the Cagayan de Press Cub. It was one good case of deja
vu. Another classic example was the not-so –pleasingto-the-eye scene during the Asean Summit. The s cene was how President Duterte presented himself before an international event like the convergence of the just concluded meeting of Asean leaders in Manila. He was the only head of state dressed up so miserably -- in appearance and in form. Without doubt, President Duterte is a certified lousy dresser. It could have been more formal if his coterie of fashion geeks had the courage to package the president in such manner like all other dignitaries present who were on their best form for the day.
If we can only learn to accept our blunders and shortcomings in life, and treat them as opportunities for learning and personal growth, then we shall feel less stressed and at peace with anyone. Admission of mistakes can make learning possible by moving the focus away from the blame game and eventually towards better understanding of the realities in life. Undoubtedly, wise people admit their mistakes easily. They pretty well know that progress accelerates when they move forward with optimism. Ac t u a l l y, t h e r e a r e no mistakes in life; only lessons. What this means is that whenever something happens, there is always a
gem for us to learn from. If we do s omet hing i n c o r r e c t l y, o r w e d o something that makes us feel bad, we may get angry with ourselves. Most of us have a habit of beating ourselves up mentally -- over and over again. The fact is that when we make mistakes, there are lessons for us to learn. Blunders are gifts. They offer us the opportunity to explore an area where perhaps we are deficient, need additional knowledge, or need to reevaluate our approaches and strategies. S ome p e opl e re f u s e to accept that they did something wrong. This is known as victim mentality. They rationalize, deny, make excuses, justify, and blame. blunder/PAGE 9
Is it right to kill a baby simply because it is hyper-active Kakampi mo ang batas
Batas Mauricio LIFE’S INSPIRATIONS: “… However, if you no longer listen to the Lord your God, and no longer obey His commands…all of these curses will come upon you and overtake you… He will send you madness… and confusion of mind…” (Deuteronomy 28:15, 28, the Holy Bible). -ooo IS IT RIGHT TO KILL A BABY SIMPLY BECAUSE IT IS HYPER-ACTIVE? I do not wish to justify the gruesome murder of a two-year old
girl who, for all intents and purposes, was just barely out of her being a baby, by two old male relatives of hers, but it is important, as far as I am concerned, to pay very serious attention to what they claim was the reason for their mauling the toddler to death. According to the two, they mauled the child because she was too hyperactive, or, in the Filipino vernacular, “makulit”. With this kind of answer, what I wish and long to understand is this: what state of hyper-activeness could the baby who has literally just been weaned from her mother’s womb have displayed that caused her old male relatives to lose their mind and jointly maul her? In her age of barely two years, I am sure that whatever hyper-activeness the baby showed could not have hurt or prejudiced in any way her two much older male
relatives. And this grips my heart beyond description: what on earth could have possibly motivated these men to display such unspeakable cruelty against a baby who even has no mind of her own yet? -ooo T HO SE W HO K I L L C H I L D R E N B E C AU S E THEY ARE HYPER-ACTIVE ARE INSANE: The only thing I can see here is the severe madness and mental disorder or total confusion of the mind of the two criminals. The fact is that, only those who are greatly damaged in their minds would have the ability to maul a baby until its youthful life is sucked out of it. So, how did these two men get afflicted with such gross mental aberration? Well, it is possible that they have just abused shabu or other illegal drugs or other toxic substances, or were still fully inebriated at the time
of the commission of the crime. These are the only possible causes of that kind of madness. In a situation such as this, another question will inevitably present itself for resolution: why do Filipinos imbibe shabu or other illegal drugs? What has happened to the Filipino race that, even if they are fully aware of the ill-effects of shabu or other drugs on their minds and their bodies, they continue using or abusing t hem anyway? -ooo DRU GS AND VICES ARISE FROM GODLESSNESS: I will go back to what I have been saying here in this column relentlessly by now : the reason why many of our countrymen willfully embark on a life of vices, immersing themselves on shabu and illegal drugs and other toxic substances is that, they no batas/PAGE 9
Does coal deserve a second chance? By Robby Guanzon
Coal is—at best—a contentious natural resource. It fueled the Industrial Revolution and continuous to be a vital source of energy. However, coal is one of the most carbon intensive fuels. In fact, the use of coal as fuel has been blamed for the over concentration of carbon dioxide in the atmosphere— one of the causes of climate change and global warming. There are ongoing efforts to tap clean and renewable energy sources. However, they are still unable to meet the current energy demands. Coal continues to be the default fuel choice in developing countries like the Philippines. W h i l e hy d r o p o w e r requires massive infrastructures—specifically, l arge d ams t h at wou l d inundate communities and
alter water bodies—coal plants require considerably less investment and land resources. The cost of each coalpowered megawatt of electricity is still among the cheapest. This is why— despite the clamor to go green—coal continues to be seen as the practical fuel choice. Traditionally coal has been mined using open-pit mining technology. It must be noted, though, that unlike metallic mining, coal mining does not produce acidic mine drainage. But with recent developments in extracting coal, open-pit mining may soon be a thing of the past. For one, contour strip mining is seen as a safe method of extracting coal. Contour strip mining only entails partial coal removal as only the soil or overburden is scraped off above the coal
seam. According to the Kaibigan ng Kaunlaran at Kalikasan ("KKK" or Friends of Progress an d t h e E nv i ron m e nt ) , contour strip mining “makes possible progressive re h a b i l i t at i o n ( i . e . t h e undertaking of rehabilitation works even before an entire mine is completely mined out) for use in farming and reforestation.” The group asserted that the effects of contour strip mining are reversible. Thus, they point out that contour strip mining is “best suited for coal mines in Mindanao.” After decades of being dependent on hydroelectric power, the growth in Mindanao in the last 20 years requires the building of new power plants. Putting up more hydroelectric plants is no longer feasible as these are very expensive to build. This is why, starting in
2006, coal-fired power plants have been the go-to energy source of the once energydeprived island. From being 90 percent reliant on hydro power, Mindanao has slowly become more dependent on coal. Reports indicate that as of 2016 coal now makes up about 40 percent of the island’s energy mix. Finally, to insulate the coal prices from volatile foreign exchange, which had made coal prices behave like crude oil, Mindanao’s vast coal deposits need to be harnessed. That is where coal strip mining comes in. Admittedly, just like in any development project, its environmental impact has to be considered. New generation coal-fired generators are said to have lessened the strain on the environment. In time, coal plants and the communities can hopefully co-exist harmoniously.
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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CorporateWorld
Weak peso, higher fuel prices hit CebuPac, URC
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IGHER FUEL PRICES in its airline business alongside foreign exchange losses pulled down JG Summit Holdings, Inc.’s earnings attributable to the parent in the first nine months of 2017. The holding firm of tycoon John L. Gokongwei, Jr. saw its net income attributable to the parent drop by 7.9% in the January to September period to P21.24 billion, despite a 14% rise in revenues to P202.64 billion. The company attributed the slowdown to its airline business through Cebu Air, Inc. (Cebu Pacific), which suffered a 38.3% decline in earnings for the period. “(The decrease) was primarily due to the lower net income of our airline business which was affected by the rise in fuel prices, as well as some mark-to-market hedging losses for the nine months of the year as compared to hedging gains for the same period last year,” the company said. Cebu Pacific saw its revenues rise 7.8% to P50.33 billion during the nine-month period,
Slump drags down JG Summit earnings
as passenger volume hit 14.87 million, a 2.7% year-on-year increase. The company was also able to increase the number of flights by 3.5% due to six additional aircrafts by the end of September, now at 62 carriers. Cargo revenues meanwhile grew by 29% to P3.29 billion with more volume of cargo being delivered by the airline for the period. This single-digit increase in revenues however failed to offset the 15.7% rise in operating expenses, as fuel prices and the acquisition of new aircraft pushed up expenses. The weaker peso further affected JG Summit’s bottom line, as it recorded a foreign exchange loss of P1.08 billion from Cebu Pacific’s operations. JG Summit’s food and beverage business under Universal Robina Corp. (URC) also reported lower earnings attributable to the parent for the period, down 21.8% to P8.21 billion. The decline was also due to foreign exchange losses and lower operating income, offsetting the 13.1% sales growth to P92.42 billion.
URC operates in three divisions, through the branded consumer foods segment, the agroindustrial segment, and the commodity foods segment. The petrochemicals group, composed of JG Summit Petrochemicals Corp. and JG Summit Olefins Corp., improved its earnings to P4.97 billion during the period, higher by 24.3% year on
year. This comes from a 45.2% climb in revenues to P30.54 billion, with volume of polymers during the period increasing to 375,497 metric tons in the nine-month period. Robinsons Land Corp., JG Summit’s property business, delivered an attributable profit of P4.57 billion, slightly lower than the P4.5 billion in the same period in 2016. The flattish results came
despite a 5% growth in its commercial business to P7.82 billion. The commercial segment accounted for 47% of RLC’s revenues, followed by residential at 31% or P5.06 billion, office buildings at 14% or P2.39 billion, and hotels at 8% or P1.37 billion. This brought RLC’s consolidated revenues to P16.64 billion during the nine-month period.
The banking segment of JG Summit, Robinsons Bank Corp., booked P238.65 million in earnings for the January to September period, up 9.4%, following a 28.8% rise in banking revenues to P3.24 billion. Higher interest income, commission income and trading gains lifted the bank’s revenues for the period, according to the company.
PLDT’s 9-month net income up 7% TELECOMMUNICATIONS and digital services provider PLDT’s net income for the first nine months of 2017 increased by 7 percent to P23.2 billion from P21.7 billion in the same period last year, driven by the sale of its subsidiaries Beacon Electric Asset Holdings Inc. and SPi Technologies. The telco’s net income for the third quarter of 2017 likewise amounted to P5.8 billion, growing by 43 percent from P4 billion in the second quarter of this year. Recurring core income was at P17.4 billion, higher by 5 percent year on year from PP16.6 billion and
in line with the target P22 billion for 2017. Consolidated service revenues have reached P107.3 billion for the first nine months of the year, increasing by 4 percent from P111.8 billion in the same period last year due to the growth in PLDT’s data services. The third quarter service revenues reached P36.1, a stable figure compared with that of the same period last year. Data, broadband, and digital services were the key growth drivers for PLDT’s business segments, namely, Home, Enterprise, and Wireless. The cluster of service
revenues grew 11 percent to P49.6 billion, representing 46 percent of total revenues. “Data usage is driving all our businesses and we recognize that superior infrastructure is a key variable to providing the best data experience. We are therefore stepping up our investments in the next few years to ensure that our customers - whether individuals or companies -enjoy that experience via whatever device they are on, wherever they may be,” PLDT Group Chief Revenue Officer Eric Alberto said during a press conference in Makati City
on Thursday. Home revenues grew 12 percent to P24.3 billion, while Enterprise revenues increased 11 percent to PHP25.3 billion. Home and Enterprise’s combined revenues rose quarter on quarter by 5 percent and 2 percent, respectively. The Wireless Individual Business posted P44.2 billion in service revenues, 14 percent lower than the first three quarters of 2016. Revenues in the third quarter of P14.6 billion were lower by 2 percent from the previous quarter due to seasonality, according to the company. pldt/PAGE 9
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Growing with CDO’s First Green Developer
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any years have passed by, yet, the relationship of Italpinas Development Corporation with its
valued partners remains stronger. IDC started from small, but in just a matter of few years, the company became known nationally and globally
as a green developer for emerging cities in the Philippines. IDC began in Cagayan de Oro and is proud of its Kagay-anon roots.
To Gladys Echano, a pioneer staff of Primavera Sales Office, “We are very much thankful for our sellers. From the time we started our first project, Primavera Residences and until we have Primavera City, they have been there for us sharing their skills and helping us to grow. We are happy that amidst all the challenges, they keep coming back to us”. At present, IDC may be seen a successful young company, but as what other success stories would share, it had also gone through hard times, and overcoming challenges with industry partners was one of its key ingredients of success. Selling the first condo when house and lot
was still a trend in this city caused frustrations to some sellers. Ms. Reprisima Guerrero, a top seller of Primavera, said, “Vertical developments received unfavorable views from our target market because of their misconceptions about condo living. Clients would tell us things like condominiums are too tall and expensive, it is not what they preferred to buy, instead they kept on looking for house and lot”. But not until such time that people from the local realized the edge of IDC’s condominiums over typical buildings or house and lot. According to Manny de Lara, a licensed broker, the green design of Primavera projects is the company’s
edge. “To the eyes of the residents, it is a different type of living. It is more favorable to the people who are always on the go”. Shim Suan, a licensed broker and accredited seller, also shared his experience in selling IDC’s project: “I had a client before who asked me why he needs to live in a condo. After realizing that the project introduces green features: natural ventilation and solar panels, he got the eagerness to buy the product. Primavera is less expensive to live in, wellventilated, and different from other condos”. While the company was at first criticized for investing a condominium development in Cagayan growing/PAGE 9
SM CDO Downtown Premier lights up a 53-foot winter themed Christmas Tree on Thursday, November 9 with special performances from Halili School of Balet, Gerikha Amper and one of CDO’s best orchestra, Sforzando.
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BSP to raise rates on rising inflation pressures: studies S USTAINED increase of rate of price increases will likely result to upward adjustments in the Bangko Sentral ng Pilipinas’ (BSP) key rates, studies said. Last October, inflation rose to 3.5 percent from the previous month’s 3.4 percent, bringing the 10-month average to 3.2 percent, within the government’s 2 to 4 percent target for 2017 to 2019. BMI Research, a unit of Fitch Group, in a study said that “although inflation is still within the central bank’s target band of 3±1 percent, we note that price pressures have been mounting.” It cited that “current interest rates are insufficient for an economy that is growing at around 10 percent in nominal terms.” “The risk is that if interest rates are kept too low for too long, malinvestment may start to accumulate in the economy,” it said. Last November 9, the BSP’s policy-making Monetary Board (MB) maintained anew the central bank’s key rates
citing that inflation remains manageable. To date, the BSP’s reverse repurchase (RRP) rate is 3 percent, the repurchase (RP) rate is 3.5 percent and rate of the special deposit account (SDA) is 2.5 percent. Reserve requirement ratio (RRR) of universal and commercial banks (U/ KBs) is still at 20 percent. BMI forecasts inflation to continue its uptick partly due to the expected increase of Federal Reserve key rates. “We forecast the BSP to hike interest rates by 50 basis points (bps) over the coming months to prevent further peso weakness,” it said. BMI projects inflation to rise to around four percent by the end of this year and average at four percent next year “as commodity prices are likely to remain on a broad uptrend, and this should feed into higher transportation and production costs.” It also sees outstanding loans of banks to sustain its current uptrend, with total loans rising by 19.6 percent year-on-year as of end-September and household loans by 17.8
percent during the same period. These growth rates are higher than the 9 to 10 percent expansion of nominal domestic output, it said. Inflation pressures are also expected from the government’s bid to allow higher budget gap of about 3 percent of gross domestic product (GPD) in line with the program to spend more on infrastructure. “We are of the view that the current low interest and inflation environment is unsustainable, and eventually one or the other will have to rise,” it said. “Additionally, the record low interest rate is likely to lead to more speculative and unproductive investment decisions, posing downside risks to macroeconomic stability. With interest rates likely to head higher in the US, which could result in capital outflows, we believe that the BSP will likely look to hike interest rates preemptively to prevent further peso weakness, which is already one of the worst performing currencies
in Asia year-to-date,” it added. Also, Australiaheadquartered financial giant ANZ said is of the same view on the BSP’s rate path since Philippine monetary officials have repeatedly noted that risks to inflation are on the upside. In a research note, the financial institution said that even as the BSP continues to discount the rising inflation rate as a major threat against its policy stance “in our view, upside risks to inflation are becoming significant.” It said additional demand-pull pressures are expected from the pending implementation of the first package of tax reforms as well as possible hike in transportation rates. Robust loan growth is also a factor on rising inflation rate, noting that “credit growth is also rising at its fastest pace since end-2011.” “Considering these deepening imbalances in the economy, we stand by our view that policy tightening is necessary and expect policy rate hikes of 50 bps (cumulative) in Q1 2018,” it said. (PNA)
ING keeps ‘18 inflation forecast for PHL at 3.7% AN economist at ING Bank Manila kept his 3.7 percent inflation forecast for the Philippines for 2018 even with the upward revision of the Bangko Sentral ng Pilipinas (BSP) average inflation forecast for next year. BSP’s policy-making Monetary Board (MB) increased its inflation forecast for next year to 3.4 percent from 3.2 percent on increased pressures from upticks in oil prices in the international market. It, however, maintained its 3.2 percent forecast for 2017 and 2019. In a research note, ING Bank Manila senior economist Joey Cuyegkeng said, “We expect inflation pressure to remain,” thus, the bank’s higher inflation forecast than that of the central bank. “This upward inflation forecast revision implies that inflation in 2018 may test the upper end of the two-percent to four-percent inflation target range (of the government),” he said. Cuyegkeng traced the upside risks to inflation inflation/PAGE 9
7
Banking&Finance
OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY
A PUBLIC SERVICE BY:
AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274
METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057
ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893
METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162
BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075
METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721
BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637
METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924
BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796
METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731
BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405
METRO BANK- GAISANO 8561720
BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN
CM Recto Ave. Lapasan, Cdoc, 8563991/727731
BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819
PLANTERS DEVELOPMENT BANK
Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723
PNB- LKK MALL NORTH CONCOURSE
LKK Mall N.Concourse Cdoc 8574149/8575682
PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.
#58 Tiano FernandezSt.CDO 727215/ 8563552 *805
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EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081
SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632
EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331
STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168
ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060
SM City Cagayan de Oro unveils the enchanting kingdom of Princess Sofia over the weekend and everyone can get lots of heartwarming holiday feels in the Santa meet and greet stations. Share also the love and joy of giving with the SM Bears of Joy, the annual drive that seeks to make more children happy this Christmas. For 200 pesos, you can have one bear to keep, while the other will be donated to the chosen charity.
PBCOM Tiano-HayesSt. Cdoc | 726519/8571558
METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415
UCPB BANK- LAPASAN Osmeña Corner Lkk Drive, Cdoc 85771842/ 725135 UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527 UCPB BANK SAVINGS-CAPISTRANO
Capistrano Corner CruzTaal St. CDO 8524099/722695
UCPB BANK SAVINGS- OPOL Gf forever Books Bldg.Bulua National CDO 754519/8588063 UNION BANK Lapasan Cm.Recto Cdoc | 8566847/8563805 WEALTHBANK Velez Gomez St. Cdoc | 8568942/722174 1ST VALLEY BANK Vamenta Blvd. CornerLirio St. Carmen, Cdoc 8501871/ 8584146 OROBANKERS CLUB Inc. Pnb Carmen | 09151850242
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N Hotel kindles hope through Christmas Tree Lighting amidst the year’s challenges By Angelo Lorenzo
“For most of us, Christmas is a season to be thankful for the year that has gone by,” N Hotel General Manager Ami Saniel remarked in her speech during the hotel’s Christmas Tree Lighting Ceremony on Friday evening (November 10, 2017). Packed with guests, the lobby shone bright with the grand Christmas display that constituted the hotel’s annual tradition. Serenading them was the choir from the Children’s Joy Foundation who brought Christmas music into the hall along with voices as innocent as the tones of angels. On the walls above the hotel’s grand winding staircase, a series of shining lights and garlands hung, with round mirrors glinting in silver panes to complement their dazzles. Ribbons were knotted on the bases of the balustrade with gleaming balls hanging over the lines where the walls meet the ceiling. Draping the walls behind the reception was a façade of green leaves speckled by sparkling golden poinsettias. But the main attraction amidst the display was the 13-foot Christmas Tree that presently stands the highest within the hotel’s lobby. “Like the past years, N Hotel takes another opportunity to celebrate the season in thanksgiving by delighting our guests with the spectacle of our Christmas display,” Saniel shared. “As brilliant as they are,” Saniel added, pertaining to the decorations, “they brighten to complement and highlight our service and to provide the sights that mark the joy of the season.” But despite its continued excellence for the hospitality industry in Cagayan de Oro City,
the hotel had undergone and had overcome challenges which had been greatly caused by Mindanao’s ordeal during the height of the Marawi Crisis and the subsequent declaration of Martial Law over the island. Thus, the ceremony was partly a tribute. In solidarity with the affected “It may have been undeniable that 2017 is a year met with challenges,” Saniel stated. But with the war in Marawi now over, she expressed that the hotel’s management and staff wish to express their solidarity to those affected. “We also hope for this year’s Christmas season to be a time for unity and compassion,” she declared. Echoing her statement was CDO Mayor Oscar Moreno who considers the hotel as “a window for visitors.” “The City Government of Cagayan de Oro is very aware of the hotel’s part in the growth of the city and the future of Mindanao,” Moreno said in his speech following Saniel’s opening remarks. He added that tourism in the city has been gravely affected when Martial Law was declared, but this obstacle was overcome with resiliency as exemplified by the hotel’s outstanding services and amenities, as well as CDO’s rising investment opportunities. “The declaration (of the Martial Law) was meant to put an end precisely on the divided adventurism that has been made,” he added. “Now that the problem is over, I hope for the rebuilding and rehabilitation to begin in earnest. He further lauds its staff, management and owners for
WELCOME – N Hotel General Manager SEASON’S GREETINGS – N Hotel Management and Staff pose for a photo Ami Saniel welcomes guests during the Christmas Tree Lighting Ceremony. during the Christmas Tree Lighting Ceremony.
ASTOUNDED – (From Left to Right) F&B Director Jocelyn A. Tan, Bonne Business Corporation President and Managing Director Noemi T. Chan, CDO City Mayor Oscar Moreno, N HOPEFUL – CDO City Oscar Moreno expresses his hopes General Manager Ami Saniel, and Department of Tourism for Christmas to set in line with the city’s security, Region 10 Senior Tourism Officer Josephine Roque get solidarity and compassion during his speech. He also astounded by the grand display after the countdown. lauds N Hotel for its commendable service
providing quality service and accommodation to its guests and noted that he was genuinely happy and proud of their professionalism. The hotel’s standard of service has been recognized and commended by the Department of Tourism. As the first hotel in Region
10 to have qualified for the National Accommodation Standards by DOT, N Hotel has received a threestar accreditation last year. Consequently, the hotel’s achievements are points to be gratefully thankful for every Christmas.
JOYOUS CHOIR – A choir from the Children’s Joy Foundation sings for the guests within the hotel’s JOY – N Hotel Management pose for a photo with GLEE – N Hotel Management and Staff pose for a lobby during the Christmas Tree Lighting Ceremony guests and local bloggers. photo during the Christmas Tree Lighting Ceremony. amidst the grand display.
But Saniel pointed out that celebrating Christmas for solidarity and thanksgiving is also an opportune time to recall and reflect about the holiday’s origin. Commemorating God’s Love In one corner of the lobby, the Nativity scene was depicted over a table. On the center, a figurine resembling an infant Jesus was arranged together with the blessed family, the three kings, and shepherds and their flock. Besides showcasing the grand display, the hotel wishes for Christmas to recollect the central theme of the season. “By remembering the birth of our Lord and Savior, Jesus Christ, we are reminded of the ultimate joy that is realized by God’s love,” Saniel emphasized. “Christmas will always stay true as the year’s season of thanksgiving for becoming aware that we can celebrate it with joy because we are loved,” she added. “In N Hotel, we recall this message throughout the year as we continue to serve our guests and bring life to Cagayan de Oro and Misamis Oriental’s hospitality industry,” Saniel shared. N Hotel’s Christmas display will continue to astound guests all throughout the season.
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Festival... from page 3
in his speech made a historical account of how the Pas’ungko s’g MisOcc Festival came into being and the hard work the Province did for sustainability until the festival became an institution and the accreditation made by the Department of Tourism and making it a national festival to reckon it. Mayors, Vice Mayors and representatives of the dif ferent Municipa lities were present along with Government Agencies and special guests to witness the big annual event now on its 8th Infinity successful year. Grand Champion was the Municipality of Plaridel. Adjudged as Best in Street Dancing, Best in Rituals Ground Competition -Ent hronement. Specia l Awards Best in Musicality, Best in Choreography, Best i n Props, Best Fest iva l Director. Best in Costume Municipality of Aloran. 4th Runner-up Municipality of Aloran, 3rd Runner-up Municipality of Calamba, 2nd Ru nner-up Cit y of Ozamiz and 1st Runner-up City of Oroquieta. Festival Queen 2017 of Pas’ungko s’g MisOcc is the Festival Queen from Oroquieta City, which is a back to back win since the Festival Queen 2016 was from Oroquieta City. Congratu lations!!! Misamis Occidental on your 88th Founding Anniversary.
Blunder... from page 4
These people have not yet learned to accept responsibility for themselves and for their actions. When we do something wrong or something doesn’t quite work out the way we want it to be, there are ways of managing it so that we learn the lesson, move on from it, and grow stronger in the process. By adopting some approaches to life, we can learn to handle ourselves gracefully and deepen our relationships with ourselves and with others. If only we take time to examine ourselves, then we shall be learning what we need to know to correct the situation. By adopting these approaches to life, we learn to handle ourselves gracefully and deepen our relationships with ourselves and with others. C ons e qu e nt ly, t he s e words of wisdom may come appropriately into the very fabric of every human activity: to err is human, to forgive, divine. (ruffy44_ph2000@ yahoo.com)
Batas... from page 4
longer fear nor love God. Many no longer recognize that God has the power to impose grave penalties on them and their descendants for their wrongdoings, no longer recognizing that the most fearsome of these is being burned by fire and sulfur and being eaten by
worms in hell, in eternal life. Too, included in these punishments are the curses of poverty, dissension and rebuke, while they are still here on earth. Why are many Filipinos like this now? The reason, I submit, is that, they no longer listen to, and no longer obey the commandments, of God. Because they no longer listen to Him and no longer obey His commands, the devil has taken control over their minds and their lives, directing them to do despicable crimes. This is truly very sad! -ooo WATCH ANG TANGING DAAN” AT FACEBOOK: “Ang Tanging Daan” is a Bible exposition and prayer session for ever yone, 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
PLDT... from page 5
Home and Enterprise combined now account for 47 percent of revenues, surpassing the 41-percent contribution of the Wireless Individual Business. The telco has allocated P 3 8 b i l l i o n a s c ap i t a l expenditures in 2017 to further expand its growth in the Home and Enterprise businesses. “Our full-year capex guidance remains at P38 billion in 2017, with about another P15 billion committed already this year, but which we forecast will be finished in 2018. We will continue to ramp up our capital investments in the near-term, as we are determined to have the best network,” said PLDT Chairman and CEO Manuel V. Pangilinan. PLDT aggressively rolled out its fiber internet facilities to ser ve residences and offices in more areas of the country. Under its Smart Fibr Cities program, PLDT expanded the reach of its fiber to the home (FTTH) services in south and east Metro Manila, adding more than 370,000 fiber links that can deliver internet service to residences and offices. The footprint of PLDT’s fiber network is on track to reach approximately four million homes by end of 2017, up from 2.8 million as of end-2016. Pangilinan said PLDT would be focusing on its fixed line services to further sustain its growth for next year. He likewise expects to gain profits from the remaining receivables on the sale of its Beacon shares in Manila Electric Co. (Meralco) to Metro Pacific Investments Corp. (MPIC) and its stake in German technology firm Rocket Internet. “I t hin k we w i l l do significantly better in 2018,” Pangilinan said. “PLDT will continue to show signs of recovery.” (PNA)
Growing... from page 6
de Oro City, far from the central district of Metro Manila, it seems that its confidence and persistence paid off in the long run. For Mr. & Mrs. Carretas, who were pioneer sellers of ID C, they could say now that Cagayan de Oro sees the number of condominiums is increasing over time because people nowadays opt for condo living as their investment, too. At the same time, Ms. C hr ist ine Tenchave z, a broker of IDC, shared, “I feel honored being part of the growth of Italpinas Development Corporation. Seeing my satisfied clients at Primavera Residences is very rewarding. ID C is known to b e the first green and condo developer in Cagayan de Oro and a prime mover in Uptown Cagayan de Oro development. The company has two projects already in Cagayan de Oro, Primavera Residences and Primavera City, both located in the Uptown district. Ke e p p o s t e d o f t h e second part of “Growing with CDO’s First Green Developer”.
Inflation... from page 7
to higher global oil prices and the impact of the first package of the proposed tax reform, which is e x p e c te d to t a ke e f fe c t on Januar y 1, 2018. The first package involves the cut in personal i n c o m e t a x , i mp a c t o f which on government revenues will be countered by hikes in oil excise tax and sugar tax as well as removal of value-added tax (VAT) exemptions of
some sectors. Cuyegkeng said the weakness of the Philippine peso is seen to continue “in the medium term as a result of further deterioration of the country’s trade balance and inadequacy of overseas worker remittances to finance the trade deficit.” “Demand-pull pressures are likely to come from higher take-home pay as a result of the tax reform package’s cut in individual income tax rates and higher threshold income tax levels per tax bracket,”
he said. With prices seen to post higher levels due partly to the tax reform, Cuyegkeng said this “may generate i n s t a bi l it y i n i n f l at i on e x p e c t at i on s re q u i r i n g s ome t ig htening ac t ion
from BSP in 2018.” “We are in line with the consensus forecast of two 25bps rate hikes in 2018. We believe BSP may hike rates in second quar ter and four th quar ter,” he added. (PNA)
EXTRA JUDICIAL PARTITION OF AN ESTATE OF THE LATE MARLOWE FILASOL
EXTRA JUDICIAL PARTITION OF AN ESTATE OF THE LATE MARLOWE FILASOL
Notice is hereby given that the intestate estate of MARLOWE FILASOL who died in Barangay Western, Municipality of Wao, Lanao del Sur which was her residence at the time of her death on April 14, 2015; That the said decedent died without leaving any will, and her only surviving heirs; That the deceased left the only property, a Savings Account with RCBC Valencia City, under Savings Account No. 1-589-35323-0, Passbook Serial No. 1912760 with a balance of THIRTY FOUR THOUSAND SIX HUNDRED SEVENTY EIGHT & 63/100 (Php. 34, 678.63); MARLOWE FILASOL is the subject of EXTRA JUDICIAL PARTITION OF AN ESTATE OF THE LATE MARLOWE FILASOL; is made and executed; LARRY FILASOL, widow of the late, MARLOWE P. FILASOL, of legal age, Filipino, with residence and postal address at Brgy. Western, Wao, Lanao del Sur; MARK JUSTIN P. FILASOL, single, of legal age, Filipino, with residence and postal address at Brgy. Western, Wao, Lanao del Sur; BEA CARMELLA P. FILASOL, single, of legal age, Filipino, with residence and postal address at Brgy. Western, Wao, Lanao del Sur; FRANCINE MAE P. FILASOL, minor, herein represented by her father, LARRY FILASOL, of legal age, Filipino, with residence and postal address at Brgy. Western, Wao, Lanao del Sur; Under Notary Public of ATTY. REMEDIOS G. GUIAB; Doc. No. 1936; Page No. 388; Book No. IV; Series of 2017.
Notice is hereby given that the intestate estate of MARLOWE FILASOL who died in Barangay Western, Municipality of Wao, Lanao del Sur which was her residence at the time of her death on April 14, 2015; That the said decedent died without leaving any will, and her only surviving heirs; That the deceased left the only property, a Savings Account with Land Bank of the Philippines, Wao Branch, Wao, Lanao del Sur under Savings Account No. 2182-1067-15 with a balance of NINE THOUSAND ONE HUNDRED FIFTY FIVE PESOS (Php. 9,155.00); MARLOWE FILASOL is the subject of EXTRA JUDICIAL PARTITION OF AN ESTATE OF THE LATE MARLOWE FILASOL; is made and executed; LARRY FILASOL, widow of the late, MARLOWE P. FILASOL, of legal age, Filipino, with residence and postal address at Brgy. Western, Wao, Lanao del Sur; MARK JUSTIN P. FILASOL, single, of legal age, Filipino, with residence and postal address at Brgy. Western, Wao, Lanao del Sur; BEA CARMELLA P. FILASOL, single, of legal age, Filipino, with residence and postal address at Brgy. Western, Wao, Lanao del Sur; FRANCINE MAE P. FILASOL, minor, herein represented by her father, LARRY FILASOL, of legal age, Filipino, with residence and postal address at Brgy. Western, Wao, Lanao del Sur; Under Notary Public of ATTY. REMEDIOS G. GUIAB; Doc. No. 1936; Page No. 388; Book No. IV; Series of 2017.
BWM: Nov. 15, 22 & 29, 2017
BWM: Nov. 15, 22 & 29, 2017
EXTRAJUDICIAL SETTLEMENT AMONG HEIRS Notice is hereby given that the intestate estate of JOVITA CABALLERO VDA DE BACANGOY, who died on August 23, 2013 at Bulua, Cagayan de Oro City and CORSINA C. UMAS-AS who died on December 30, 2014 at Bulua, Cagayan de Oro City; Whereas, the deceased at the time of their death left a PARCEL OF LAND (Lot No. 24890-A, being a portion of lot 24890, Cad-237, Cagayan Cadastre), situated at Bulua, Cagayan de Oro City, province of Misamis Oriental, island of Mindanao; containing an area of TWO HUNDRED FORTY FOUR (244) SQUARE METERS, more or less and covered for taxation purposes under Tax Decl. No. G-154343; JOVITA CABALLERO VDA DE BACANGOY is the subject of EXTRAJUDICIAL SETTLEMENT AMONG HEIRS; is made and entered into; LORETA B. MABULAY and REGINA B. LABISTE, all of legal ages, Filipino, widow and a resident of Zone 2 Baikingon, Cagayan de Oro City; That they hereby affirm that they have executed the foregoing instrument out of their own voluntary free will without force, intimidation or violence upon their person, that they have hereby received their just and proper share and have no claim or demand against each other. Under Notary Public ATTY. EMMANUEL A. AKUT; Doc. No. 182; Page No. 38; Book No. 150; Series of 2017. BWM: Nov. 15, 22 & 29, 2017
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provincial capitol in light of the continuing controversies befalling the city’s only water utility Cagayan de Oro Water District (COWD). Emano said he was forced to speak out on the matter because COWD has included the municipality of Opol which is located in Misamis Oriental as part of its service area. The governor was referring to the joint venture agreement signed last August before Moreno’s eyes by COWD and Metro Pacific Water representatives in creating a new bulk water supplier for the government-operated utility. The agreement does not stipulate yet the new water rates to be negotiated between the new bulk supplier – Cagayan de Oro Bulk Water Inc. (COBI) – and COWD but insiders have pegged it at P15.35 per cubic meter. Along this line, Emano said Moreno had “advance knowledge” of the new water rates and could have intervened to prevent the joint venture from pushing through. The governor pointed out that Moreno’s mere presence during the joint venture signing in Manila was his way of endorsing the deal. Earlier, Moreno assured the public that whatever rates COWD and COBI would agree would be what he dubbed as “regulated rates.” COWD was scouting for another supplier earlier this year after provisions for rate increases it inked with its current supplier Rio Verde Water Consortium Inc. were disapproved by the government’s Commission on Audit (COA). Ironically, the disallowed rate was also P15.35. But COWD chair Eduardo Montalvan told councilors last week that he is confident that the proposed COWD-COBI rate will get a COA nod once implemented.
developing Next Wave Cities.” The IBPAP Flare Awards aims to bring together key industry players to recognize pioneers who have elevated the IT-BPM industry to what it is today The Summit proper, one of its flagship brand events, brings together champions of the Information and Communications Technology (ICT) stakeholders and experts from public and private stakeholders to share industry trends, developments, best practices, and identify challenges/ways to generate new investments and create jobs for cities outside of Metro Manila. Some 700 delegates are expected to join in the sessions. This year, the Summit aims to improve the capacity of cities and municipalities by keeping pace with current trends in the global ICT industry, preparing for and embracing digital opportunities in the regions outside Metro Manila, enable a sustainable ecosystem for tech industry and innovation to flourish, and link people in regions to global ICT companies for career opportunities. Day 2 of Summit is the 6th eGov Awards (Awards for Excellence in ICT for Good Governance for Local Government Units) is an annual search for the best practices in LGUs in utilizing information and communications technology (ICT) to effectively and efficiently deliver its public services directly to their constituents and other stakeholders In coordination with the Department of Interior and Local Government (DILG), some 200 participants will be joining this segment at the Rosario Pavilion, Limketkai Center/ The two day event is supported by the Department of Trade and Industry (DTI), Cagayan de Oro Chamber of Commerce and Industry
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Publication Noticed R.A. 10172
Republic of the Philippines AUTONOMOUS REGION IN MUSLIM MINDANAO Province of Lana Del Sur MUNICIPALITY OF MASIU NOTICE THE PUBLIC
CCE No 16 2017
Dated SEPTEMBER 20 2017
In compliance with the publication requirement and pursuant to OCRG Memorandum circular No. Guidelines in the implementation of the administrative order No. 1 series of 2012 (IRR on RA 10172) Noticed is hereby served to the public that name of document owner has filed with the office a petition for GENDER from MALE to FEMALE i n the certificate of live birth of ESNAIRAH AMATONDING MONIB at MASIU LANAO DEL SUR AND whose parents are Father BUKID MACALAWI MONIB mother ANDABAE AMATONDING MONIB Any person adversely affected by the said petition may file office his written opposition with this office not later _________. BWM: Nov. 8 & 15, 2017
(Sgd.) AMRON D. MACABANGKIT Municipal Civil Registrar
Publication Notice R.A. 10172 NOTICE TO THE PUBLIC CFN - N/A CCE - CCE-0050-2017
ANNEX “B”
Date: 10 NOVEMBER 2017
In compliance to 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 VILLAROSA C. BOYLES has filed with this Office a petition for correction of entry in the date of birth form “15 JULY 1990” to “15 JULY 1999” in the Certificate of Live Birth of REGINE GRACE C. BOYLES who was born on 15 JULY 1990 in Kadingilan, Bukidnon whose parents are FELIX S. BOYLES and VILLAROSA CANTERA. Any person adversely affected by said petition may file his written Opposition not later than 24 NOVEMBER 2017. BWM: Nov. 15 & 22, 2017
(Sgd.) GERARDO D. JURADO Municipal Civil Registrar
Foundation, Inc. (ORO CHAMBER), Cagayan de Oro ICT Business Council and the City Government of Cagayan de Oro.
Fashion... from page 1
Indonesia. He said the expo will showcase some clothing products, bags, shoes, and fashion accessories from Indonesia. The Super Shuttle Roro 12 docked at the KTS Port in Sasa, Davao City on April 28, 2017. President Rodrigo Duterte and Indonesian President Joko Widodo inaugurated the DavaoBitung trade route on April 30. Mindanews File Photo It will include one-on-one business matching, with music and cultural performances and tourism promotion activities on the sidelines. This year’s IFE is supported by the City Government of Davao, Department of Trade and Industry and Department of Tourism in Davao Region, he said. City Mayor Sara Duterte and Mindanao Development Authority chair Abul Khayr Alonto will grace the opening of the three-day expo. Last April 30, a new shipping route connecting Mindanao directly to Indonesia was opened via Davao-General SantosBitung, with President Rodrigo R. Duterte and Indonesian President Joko Widodo gracing the launch of the ASEAN RoRo service. Bitung is in North Sulawesi. The new sea route is served by Cebu-based Asia Marine Transport Corp.’s M/V Super Shuttle RoRo 12, owned by businessman Paul Rodriguez, dispatching initially a vessel with a capacity of 500-TEU (twenty-foot equivalent unit). Among the goods to be traded are animal feeds, aqua products, charcoal, coffee bean, construction materials, copra, feed ingredients, fertilizers, food
and beverages, fresh fruits, ice cream products, meats, peanuts, poultry (halal), soya, sugar, and synthetics. The companies that signified interest to use the route include CDO Foodsphere Inc., San Miguel Corporation, Franklin Baker, Unilever, FEMSA Coca Cola, and ACS Manufacturing. The route only takes about one to two days unlike the previous Davao-Manila-JakartaBitung’s three to five weeks. It also cuts the shipping cost by 68 percent from P109,098 per twenty-foot equivalent (TEU) to P34,713 per TEU. (Antonio L. Colina IV/MindaNews)
Income... from page 1
the publicly-listed firm of the Alcantara Group also reported a 6.9-percent increase in parentattributable net earnings to P117.66 million from P110.04 million in the same period last year. The company’s consolidated revenues for the period were up 6.7 percent at P5.22 billion in the first three quarters this year from P4.88 billion a year ago. ACR’s earnings before interest, taxes, depreciation, and amortization (EBITDA) surged to P1.28 billion in the three-quarter period, or 73.8-percent higher from P718 million in the same period last year. The company’s EBITDA margin for the period likewise improved to 35 percent from 23 percent in 2016. The Sarangani power plant began operating its first 105 MW section in April 2016, providing baseload power to over three million residents of the provinces of Sarangani, Compostela Valley, Agusan del Norte, and Agusan del Sur; General Santos, Iligan, and Butuan cities; and other major population centers of Mindanao. In January this year, SEC began construction of the
Publication Notice R.A. 10172 NOTICE TO THE PUBLIC CFN - N/A CCE -CCE-0048-2017
ANNEX “B”
Date: 10 NOVEMBER 2017
In compliance to 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 MARIEL N. INOBANGGA has filed with this Office a petition for correction of entry in sex from “FEMALE” to “MALE” in the Certificate of Live Birth of MARIEL N. INOBANGGA who was born on 12 DECEMBER 1992 in Kadingilan, Bukidnon whose parents are ARTEMIO L. INOBANGGA and ANGELITA B. NUÑEZ. Any person adversely affected by said petition may file his written Opposition not later than 24 NOVEMBER 2017. BWM: Nov. 15 & 22, 2017
(Sgd.) GERARDO D. JURADO Municipal Civil Registrar
Publication Notice R.A. 10172 NOTICE TO THE PUBLIC CFN - N/A CCE -CCE-0045-2017
ANNEX “B”
Date: 10 NOVEMBER 2017
In compliance to 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 ELISA A. SANICO has filed with this Office a petition for correction of entry in sex from “MALE” to “FEMALE” in the Certificate of Live Birth of JURGIE DALE A. SANICO who was born on 13 NOVEMBER 1999 in Kadingilan, Bukidnon whose parents are EDILBERTO C. SANICO and ELISA A. ABONERO. Any person adversely affected by said petition may file his written opposition not later than 24 November 2017. BWM: Nov. 15 & 22, 2017
(Sgd.) GERARDO D. JURADO Municipal Civil Registrar
plant’s second 105-MW section, estimated to be completed in 2019. An additional three million residents in South Cotabato, Davao del Sur, Zamboanga del Norte, Zamboanga del Sur, Cagayan de Oro, and other key areas in Mindanao are set to benefit from the additional 105 MW from the Sarangani power plant. At a cost of nearly USD600 million, the SEC power plant is the largest power investment in Sarangani Province and the entire Region 12. In addition to the Sarangani plant, SEC is also developing the 105 MW San Ramon Power, Inc. (SRPI) coal-fired power plant in Zamboanga City, which is scheduled for commercial operations in 2021, providing baseload power to Zamboanga City and other nearby areas. Before the end of 2017, ACR will commence construction of the P3.7 billion 15.1-MW runof-river hydroelectric power project at the Siguil River basin in Maasim, Sarangani Province, which will mark ACR’s entry into the renewable energy (RE) sphere. The Siguil hydro power plant is expected to begin commercial operations within the first half of 2020 and will provide power to Sarangani Province, General Santos City, and key municipalities of South Cotabato. “We look forward to an exciting year ahead of us, as by the middle of 2018, we will have three projects under construction simultaneously: SEC section 2, which we expect to begin operating in 2019; Siguil Hydro, which will start operations in 2020; and SRPI, which is targeting to commence operations in 2021,” said ACR executive vice president Tirso G. Santillan. “With the addition of these
three projects to our power generation portfolio, ACRaffiliated power facilities will have around 588 MW of generating capacity, approximately 25 percent of Mindanao’s projected peak power demand in 2021,” Santillan added. (PNA)
Targeting... from page 2
Pamplona was wounded in the incident that occurred in sitio Libandayan, barangay Rogongon in the said city. Last week on November 9, a four month-old civilian was killed after being hit by a stray bullet when purported NPA rebels were ambushing a police vehicle, wounding two other civilians and four police officers and killing another. The incident occurred in barangay Tikalaan, Talakag, Bukidnon. Po l i c e of f i c e r s w h o responded a few hours later were also ambushed in the same barangay, but causing no casualties on the government side. Police could not determine on whether there were casualties on the rebel side after they were able to return fire.
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water supply of three other barangays not ser viced, Miravalles revealed that during their consultation with the Department of Interior and Local Government (DILG), the DILG said it will provide water supply to the three others. Field reports reveals t h at 4 , 5 5 8 i n d i v i d u a l s have returned to the six ser viced barangays of LWUA. ( Joshu a Angelo Estrada Bata / PIA-TFBMICC)
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 17 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE EJF-2016-356 postal address at 104 Amorsolo St., Legaspi Village, Makati City., against SPS. TESSIE V. SAMBAAN and EDUARDO SAMBAAN, mortgagors, residing at Block 12, Lot 11, Apovel Subd., Bulua, Cagayan de Oro City/San Pedro, Gusa, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of March 31, 2017, amounts to ONE MILLION THREE HUNDRED EIGHTY THOUSAND NINE HUNDRED EIGHTY PESOS & 26/100 (Php 1,380,980.26), excluding penalties, charges, attorney’s fees and expenses of foreclosure, the undersigned or her duly authorized deputy will sell at public auction on December 21, 2017 at 10:00 A.M. or soon thereafter at the Office of the Clerk of Court, Regional Trial Court, Branch 17, Hall of Justice, Goldridge Bldg., Mastersons Ave., Cor. Pedro N. Roa Ave., Upper Carmen, Cagayan de Oro City to the highest bidder, for cash or manager’s check and in Philippine Currency the following property with all improvements, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-58300 “A PARCEL OF LAND (Lot 11, Block 12, of the subd. plan (LRC) Psd-169564, being a portion of Lot 11, (LRC) Pcs-8974, LRC Cad. Rec. No. 1612), situated in the District of Bulua, City of Cagayan de Oro, Island of Mindanao. Bounded on the NE., points 1 to 2 by Lot 12; . . . . . xxxx. Containing an area of Two Hundred Fifty (250) square meters, more or less.” All sealed bids must be submitted to the undersigned on the abovestated date, time and place. In the event the public auction should not take place on the said date for whatever reason, the public auction will proceed on the next working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title hereinabove described and encumbrances thereon, if any there be. November 10, 2017, Cagayan de Oro City.
(Sgd.) FE O. BONTUYAN-BULARON Sheriff IV
BWM: Nov. 15, 22 & 29, 2017
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wednesday|november 15, 2017