BusinessWeek Mindanao (April 15, 2016)

BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VI, No. 124

Market Indicators As of 5:30 pm april 14, 2016 (thursday)

FOREX

PHISIX

US$1 = P46.23

7,341

X

15 cents

X

34.44 points

Briefly Cloud seeding LIGHT to moderate rainfall begins to pour in Northern Mindanao since last week, the region most affected by El Niño, following cloud-seeding operations, according to the Department of Agriculture (DA).

In a statement issued by the department, engineer Henry Cacayan, head of the cloud-seeding team of the Bureau of Soils and Water Management (BSWM), explained that the on-going operation in the region follows up on 45 hours of seeding costing P2.4 million that started earlier this year.

Operations were suspended before Easter.

Mr. Cacayan added that the operation is expected to bring down temperatures in the region, in turn helping increase water levels in irrigation dams and providing more water to standing crops.

Mining taxes THE Department of Budget and Management (DBM) announced the release of the 40-percent share of Local Government Units (LGUs) from mining taxes in the amount of P233.8 million.

The amount pertains to the LGU share from excise taxes collected from the mining industry between December 2011 and the fourth quarter of 2014.

“We have issued the allotment and corresponding cash allocation for the release of the lawful share of LGUs in the proceeds from the utilization and development of minerals in their respective areas,” DBM Secretary Florencio B. Abad said. “The funds are now released based on the Joint Certification of mining tax collections issued by the Bureau of Internal Revenue and the Treasury, as well as the schedule of the corresponding shares of recipient LGUs.” Abad said the funds released are charged against the P1.5 billion appropriated for the purpose in the current year’s National Budget.

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Lumad Festival declared Normin’s annual fests RDC-10 officially adopts Lumad Festival as annual event

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By MIKE BAÑOS, Editor-at-Large and MARK FRANCISCO, Staff Writer

HE Regional Development Council (RDC) of Northern Mindanao has included the Lumad Festival as among the region’s priority programs and projects for implementation in 2017 and thereby approved its adoption as an annual grand festival in the region.

The Lumad Festival, which was originally conceptualized

by BusinessWeek Mindanao, as a congregation of all festivals in Mindanao

depicting different cultures and traditions in a bid to promote peace and cultural understanding. BusinessWeek set the inaugural staging of the event on September 2324, this year.

“We anticipate around 40-50 contingents from the five provinces, nine cities and 84 municipalities to compete and showcase their cultures and traditions to an estimated festival/PAGE 7

KIDDIE SAVINGS. Eleven years old Ona Fabe and sister Ysa, 9, have both opened their Kiddie Savings account at Bangko sa Balay Villanueva Branch. Ona and Ysa are among the first 10 depositors of the newest branch of BBFI. (Photo by BONG D. FABE)

BBFI empowers people to help in nation-building through savings

By BONG D. FABE, Contributing Editor

VILLANUEVA, Misamis Oriental—Why is it that despite a growing economy, majority of Filipino daily wage-earners, especially those in communities where banking institutions are

absent, are still powerless to uplift their economic status?

This is the question often asked by development workers and their answers are as varied and colorful savings/PAGE 7

ERC renew power deals with TMI, M’danao coops THE Energy Regulator y Commission (ERC) has announced approval of extended power supply deals to AboitizPower subsidiary Therma Marine, Inc. (TMI) and four Mindanao electric cooperatives (ECs).

In separate approvals, the ERC cleared TMI’s energy supply agreements (ESAs) with Zamboanga del Sur I Electric Cooperative, Inc. (Zamsureco I), Zamboanga del Sur II Electric Cooperative, deals/PAGE 7

Therma Marine Inc. Mobile 2 in Nasipit, Agusan del Norte.

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Economy

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Gov’t lights up sitios nationwide

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AGUINDINGAN, Misamis Oriental -- The national government energized another sitios nationwide.

In a ceremony, Pres.

Benigno Aquino III led the switch-on ceremony for the electrification of t h e 3 2 , 4 4 1 s i t i o s nationwide under the Sitio Electrification Program (SEP).

Up o n h i s a r r i v a l , the President, assisted

by E n e rg y S e c re t ar y Zenaida Monsada and National Electrification (NEA) Administrator Edita S. Bueno, pushed the knife switch that turned-on the LED lights representing the 32,441 sitios nationwide under

the SEP. This surpasses the committed sitios reaching to 32,688, having 247 additional sitios energized from September 2011 to March 31, 2016.

The inauguration of the nationwide SEP is carried out at the premise of the pioneer electric cooperative of the Philippines, the Misamis Oriental-1 Rural Electric Service C ooperative, Inc. (MORESCO-1), which has consistently delivered SEP requirements, as having one of the highest number of sitios energized.

Delegates from the 33 electric coops under the Association of

Mindanao Rural Electric Coops (AMRECO) and representatives of recipient barangays of the program in Misamis Oriental witnessed the ceremony.

In his speech, Pres.

Aquino explained the relevance of electrification in the use of new technology which helps improve lives of t he people.

As PNoy’s flagship program, SEP started in 2011 through DOE and NEA in collaboration with the electric cooperatives (ECs) all over the country.

This was effected with the following mandate: S i t i o E l e c t r i f i c at i o n and Barangay Line

Enhancement Programs shall be given priority and are must do programs during his term in compliance to his social contract with the Filipino people.

The economic pillars of the Aquino

Administration are job creation and investment generation to improve the lives of the Filipinos, especially the poor.

The P20.05B f und released to 117 electric cooperatives bolstered the full completion the

program, with the bulk of amount dispensed to Luzon having the highest list of re cipients for electrification reaching to 11,671, followed by Mindanao with 10,800 and Visayas with 10,217 sitios. (PIA10)

Forest protection vigilance heightened amidst long drought VILLANUEVA, Misamis Oriental – Energy firm STEAG State Power Inc. (SPI) calls for more vigilance in preventing forest fires amidst the long dry spell currently being experienced by the country today.

SPI President and CEO Dr. Bodo Goerlich joins mounting calls for more vigilance in ensuring that forest fires are prevented by avoiding open burning or throwing cigarette butts in areas that are vulnerable

to wildfires.

“We appeal to our program and community partners including the general public to help secure and protect the forests especially during this summer” Dr. Goerlich said.

SPI, together with the E.Pelaez Ranch Inc. and DENR, is implementing a 1,200 hectare reforestation project in Sitio Mapawa, Brgy. Cugman in Cagayan de Oro City. Dubbed as the Mapawa Carbon Sink Project,

BROADCASTING DAILY AT 1368 ON AM BAND AND ON PARASAT CABLE TV AT CHANNEL 5

it is considered as one of the largest private-sector led forest development and forest protection initiatives in the country. The project is part of SPI’s comprehensive corporate social responsibility (CSR) program.

The carbon sink project, which started in 2005, includes the planting and growing of endemic tree species to cover 500 hectares of denuded lands, conduct and sustain timber stand improvement of another 500 hectares existing forest plantation, and preserve about 200 hectares of natural forests over a period of 25 years. Mapawa is home to the 350 year-old Dao tree, which was declared as Cagayan de Oro’s heritage tree.

Mapawa was put on red alert status since January 2016 and intensive prevention measures, like the establishment of fire lines and conduct of forest patrol, have been put in place to minimize risks of wildfires. (PR)

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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BusinessWeek MINDANAO

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Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

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Do You Have Connections?

Think a minute…A cartoon showed a thief wearing a mask and pointing his gun at a frightened woman. He yelled at her: “Give me your valuables!” The woman in the cartoon grabbed her FRIENDS, and started putting them into the bag. Clearly, the person who drew that cartoon understands the value of friendships. For you and I to have success and happiness, we must have close connections with other people. Everybody needs somebody.

There are few things as lonely and sad as going through a painful experience all alone. One wise man said: “Friendships are the food of life. To love and be loved is the greatest success and happiness there is.” Robert Louis Stevenson stated: “No person is a failure, if he has a friend.” And one guy said, “A major goal in my life is to end up with eight friends who are willing to carry my casket.”

At the end of our life, it’s not how much money we have that shows our worth, but the number of close friends we still have.

Not only should our friendships be close and caring connections, they should b e constr uctive connections: friends who

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THINK

A Minute

Jhan Tiafau Hurst build you up, instead of pull you down. We can’t choose our relatives, but we can choose our friends. So choose your friends carefully. They will either make you or break you! Make sure your good friends are good people—who make you a better person.

And remember, friends are not just a way to get what we need, they ARE what we need!

If all you need friends for is to use them to get something else, then that’s all you’ll end up with: something else and no friends. God gave us things to use, and people to love and enjoy.

So do you have connections—true friends who care? It starts with the best friend you’ll ever have.

He loves you so much He gave His life to share it with hurst/PAGE 7

Quality Management for Christians (Part 3) If the goal of Christianity is perfection—although nobody seems to achieve it in this journey—we need models that can veer us closer to the aim. I already elucidated four principles previously; this time, let me add one that relates to the context where quality can either scintillate its grandeur or subsume into Emmanuel to Torres’ “mangy Lazarus hanging out at your gate.” This realization emphasizes another principle: surround yourself with the right people.

This is a precept that a graduate school dean could not fully understand upon noticing that I do not hang out with school friends in my previous milieu. While working at my previous university, I had not spent much time communicating with friends. Nor did I plan for ways to gather supporters to put me in power. I only wanted to be myself with no fronts intended to gain points in the organizational politics.

And we know what difference it made that politics would only find too elusive.

Although I spend time

with a few fellow artists, writers, and supporters; had been attending a weekly men’s fellowship of a church and an international organization that meets every Saturday; it is in my nature to avoid many conversations. This proclivity some would look down, but it also served me well: it seemed the selfawareness, willpower to be different, and deliberate choice to limit a clatter of voices that drowns mine has become the engine of multi-disciplinary victories.

I thank God. Had I been just following the crowd, I could have lived to merely read other people’s scripts.I could have feared venturing new concepts in painting or sculpture. I could have thought that writing poems and essays is planting flowers in the sand.

Church leaders, who s ome t ime s abus e t he i r power, could have led me to presume that pursuing what they want (of me) is heeding heaven’s voice. Pious fraud could have led me to surmise that quality in one one’s faith is about an ascetic

lifestyle (different from the fruit of the Spirit) coupled with blind obedience rather than shining in one’s calling.

No wonder why some shun the scholarly finesse and the pursuit for new creations and innovations in one’s field; and worse, they put a “secular” label to what could be true indicators of “faithfulness” (I Corinthians 4: 2; Matthew 25: 14-30).

In lieu of more credible measures for quality, some l ay m e n a n d C h r i s t i a n leaders substitute quality for church templates, neglecting substance. How tragic!

But I thank God for the strength to stand alone in lieu of walking with mediocrity.

This conviction should challenge the credibility of those, especially leaders, who repel quality-conscious individuals: if they become sick with these individuals’ habit of winning, they could be the real subjects and objects of evangelism. If they nauseate at other people’s accolades (without fault), they are dangerous signs that read, “Losers beget losers.”

Beware.

lucell larawan Scientific reasons why we should choose friends carefully are aptly pointed out by Amy Morin: 1) Iron-willed friends can help increase your selfcontrol which is good for those who want to get rid of vices or maintain a fitness and other quality-oriented programs.

2) Their inputs lessen financial risks.

3) A large number of cohorts on social media may increase your stress level.

4) Confidants could be the secret to longevity.

5) The y c an g re at ly influence your decisions/ indecisions.

Heat that will burn people coming to RP LIFE’S INSPIRATIONS: “… `Everyone who hears these words of mine and put them into practice is a wise man who built his house on a stone. The rains fell, the floods rose, and the wind blew and beat against that house, but it did not fall because its foundation is stone’…” (Jesus, our God and Savior, in Matthew 7:24-25, the Holy Bible).

-ooo RP BEWARE: HOTTER TEMPERATURES WILL COME: So, with 52.3 degrees Celsius as the hottest heat index recorded in some parts of the Philippines so far, have we seen the last of very hot temperatures in our country? The answer, unfortunately, is no, there will be hotter temperatures to come, enough to burn human skin and cause death or serious injuries.

Having been warned of this, is there anything we can do to stop hotter temperatures from coming to our country in particular and to the world in general?

Is there anything we can do to avoid being damaged by scorching temperatures?

The answer, fortunately, is, yes, there is something we can do.

We have been writing about this for about 10 y e a r s o r s o n o w, b u t nobody seems interested,

and s o global warming and climate change are being experienced by us unrelentingly. One more time, I say, we must read the Bible and learn to truly obey God’s commands to fight burning temperatures.

-ooo H E AT T HAT W I L L BURN PEOPLE IS COMING TO RP: The undeniable fact is that global warming and climate change had been predicted to happen by God, through His Bible. In the Book of Curses, the Bible warned that a people who no longer listen to God and who no longer obey His commands will suffer great curses.

One of these curses is the curse of “scorching heat and drought”. The point of interest in this curse is the word “scorching”. If we check with a dictionary what “scorching” means, we will be told that “scorching” me ans “ext remely hot”, “red-hot”, “flaming”, “fiery”, “ bur ning”, “ blister ing”, “s e ar i ng”, “s we lte r i ng”, “torrid”, and “broiling”, among others.

Under the definition given by The Free Dictionary, we are told that “scorching heat” actually means “hot and dry enough to burn or parch a surface”.

Lest we forget, I have to say that the “scorching heat”

that the Bible says will happen to a people who have turned their back on God will happen here on earth, not in hell. Indeed, we are to experience scorching heat while we are still alive.

-ooo WE MUST NOW LISTEN TO, AND OBEY, GOD: In answer to the question “what can we do against this curse”, I wrote on March 16, 2016: “So, okay, what can we do to either prevent or at least avoid t he wrat h of t he coming hot days? Since it is quite clear that these scorching days are being visited upon us because of our refusal to listen to God and to obey His commands, the best thing to do is to listen to God once again and to truly obey His commands. “ Ho w d o w e l i s t e n to G o d? We must re ad His Bible ever yday, and meditate on it, or study its verses, day and night.

We must take note that believers are required not only to just `browse over’ the Bible through its pages.

We must also meditate on what we are reading, think about them and determine what they mean and how they affect us on our day to day lives. “ Thereafter, we must also endeavor to live what

Always vote for principle, though you may vote alone, and you may cherish the sweetest reflection that your vote is never lost.

-- john quincy adams , 6 U.s. President th

K akampi

Mo A ng Batas

Atty. Batas Mauricio we read, or obey what is written in its verses. If we do these things, there is an assurance that God’s curses, like global warming and climate change, will cease and no longer come upon us or at least cause damage and injury to anyone. We must do these now, while there is still time’…”

-ooo PLEASE WATCH OR LISTEN: “Tambalang Batas at S o m i nt a c”, a n e w s commentary radio program, aired at DZEC 1062 kHz and ot her R adyo Ag i la provincial stations, at http:// www.eaglebroadcasting. net/radyoagila and at www. youtube.com (type DZEC R adyo Agila Tambalang Batas at S omintac 1062 Live), 6 to 7 in the morning, Philippine time. Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

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Ford Philippines sales surge in March F ORD Philippines on Monday said retail sales surged 46% in March, boosted by strong demand for its Everest, E c oSp or t , R anger and Explorer vehicles.

In a statement, Ford Philippines said March

sales stood at 2,746 units, bringing first-quarter sales to a new record of 7,876 units, a 49% increase from year-ago figures.

“Very healthy demand for our full lineup of Ford vehicles in the Philippines has continued throughout

the f irst three months, particularly for our exciting choice of SUVs (sports utility vehicle) and Ranger pickup,” L ance Mosle y, managing director of Ford Philippines, was quoted in the statement as saying.

The Everest remained

Ford’s best-selling nameplate in 2016, with March sales at 1,151 units. For the first three months of the year, 3,530 units of Everest were sold.

Ford sold 669 units of EcoSport compact SUV in March, pushing total first quarter sales to 1,830 units.

The Ranger pickup truck saw sales of 694 units in March, boosting its total surface of online commerce in January to March sales to Cebu. We see OLX committing 1,771 units. more investments in Cebu At the same time, the a n d m a k i n g s i g n i f i c a nt premium Explorer SUV OLX/PAGE 7 saw sales of 99 units in

OLX celebrates success with Cebuanos OLX Philippines celebrates another milestone year in Cebu as they reported significant growth in its Cebu-based users of online buyers and sellers after two years of expansion in the region.

“Our number of users has been steadily growing since we started operations in Cebu. It is currently three times larger compared to our figures from the previous year,” said OLX Sr. Marketing Manager for Cebu Regina Aguilar during its anniversary celebration held recently at the Cebu Quest Hotel and Conference Center.

Mobile phones and tablets top the list of items that Cebuanos mostly buy and sell in the platform.

“As Cebuanos aspire to upgrade or keep up with the latest trend, OLX becomes a preferred avenue for them to achieve their goal. Some sell their pre-owned smartphones to fund the purchase of the newest model while some are able to purchase the latest smartphones at a cost that they can afford,” explains Aguilar.

Pre-owned cars, clothing, and computers are also in the top 5 lists of items being

sold and bought in OLX. Their Real Estate category also gains popularity as it becomes the go-to platform of people wanting to buy or rent properties in Cebu.

In fact, paid ads from real estate sellers helped double the revenue of the company in Cebu that has been heavily promoting the usage of free ads in its platform.

What’s next: OLX Deal Hub To further support the needs of its growing users, OLX has revamped its Cebu office to serve as a more secured and comfortable meet-up place called the Deal Hub. “Our Deal Hub aims to ensure the safety of the our buyers and sellers transacting on our platform. They can go there if they want to do further inspection of the item, to seek assistance in using our platform, or to simply connect with other OLXers who are also having their meet-ups,” said Aguilar.

The Deal Hub also now accepts over-the-counter payment for OLX Gold, which is the platform’s online currency for paid ad slots and ad boosting.

“We’ve only scratched the

Filinvest profit rise 13% to P7B

FILINVEST Development Corporation (FDC) reported a 13 percent improvement in net income to P7 billion last year on the back of a 28 percent jump in revenues to P49.3 billion.

In a disclosure to the Philippine Stock Exchange, FDC said revenues rose partly due to the initial recognition of electricity sales from its power subsidiary FDC Utilities, Inc. (FDCUI) as well as increased sales in its real estate properties.

FD CUI saw its first significant revenue stream in 2015, as it recognized the sale of power from its independent power producer administrator contracts with Unified Leyte Geothermal Plant and Apo Geothermal Power Plant.

The bulk of revenues, or 43 percent, continued to come from the real estate business while financial ser vices and banking contributed 37 percent.

Power generation delivered 13 percent of revenues with the balance coming from sugar operations (5 percent) and hotel operations (2 percent).

Real estate subsidiaries

Filinvest Alabang Inc. and Filinvest Land, Inc. continued to deliver solid growth to the group with FLI reporting an 11 percent profit growth to P5.1 billion while FAI generated P1.9 bilion in revenues.

Banking subsidiary East West Bank ended 2015 with a net income of P2 billion as it continued to post a healthy 23 percent improvement in its core revenues (excluding trading) driven mainly by net interest income.

Revenues from the sugar group grew 5 percent while revenues from the hotel group rose 16 percent. The group is poised to launch its newest hotel later this year, Crimson Resort and Spa in Boracay.

“We have much to look forward to in 2016, as we expand the FDC portfolio with our investments in the power sector,” said FDC president Josephine Gotianun-Yap. She added that, “this year, we are looking forward to commissioning the group’s 405MW coal-fired power plant in Misamis Oriental and providing much-needed electricity to the Mindanao grid.”

March, with first quarter sales reaching 312 units.

Ford Fiesta and Mustang sales reached 67 and 27

units, respectively in March.

First quarter sales for Fiesta stood at 217, while Mustang sales hit 79 units.

6

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Festival... from page 1

100,000 to 150,000 foreign and domestic tourists through street dancing and ground tableaux,” said Catalino L. Chan III, Region X Tourism Director in his presentation to the council.

In his presentation during RDC-10’s 108th Full Council Meeting last week, Chan said that among the policies of RDC-X as indicated in its physical framework plan, regional development plan and sector plans is to facilitate and support all events and festivities geared towards promoting regional and local tourism to gain the benefits from tourism activities such as providing jobs for lessskilled workers, generating incremental income from tou r ists’ sp ending and eventually contributing to local and regional economic development.

“One of the proposed tourism activities to address this regional development policy is the conduct of regional and local festivals as a means of promoting the indigenous and local culture of Filipino people, especially in Northern Mindanao, hence DOT’s endorsement of the Lumad Festival,” he added.

Engr. Leon Dacanay Jr, RDC-X vice chairperson and regional director of the National Economic and Development Authority (NEDA) led the Council’s review and endorsement of the budget proposals of the Sector Committees during the meeting.

Also included among those endorsed by the Council for implementation in 2017 are the P50,368.56 million budget proposal of the social sector agencies and state universities and colleges; P44,426.13 million proposal of the infrastructure sector agencies; P5,398.82 million proposal of the economic sector agencies; and the P1,879.09 million proposal of the macro sector agencies.

Other matters endorsed by the Council included the proposal for an additional loan financing for the Philippine Rural Development Project to attain food security and rural development; request to the Department of Tourism and the TIEZA to prepare business plan for the management and operation of the Cagayan de Oro International Trade and Multi-Purpose Center; support to the joint RDC and RPOC II resolution endorsing House Bill No. 5612 or the Act Providing for

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region Branch 16, Tangub City IN THE MATTER OF THE CORRECTION OF ENTRIES IN THE CERTIFICATE OF LIVE BIRTH OF TERESITA RABINA CHUA SPECIAL PROCEEDING CASE AS TO THE CITIZENSHIP OF HER TC-2016-002 FATHER FROM “FILIPINO” TO “CHINESE” AND TO ERASE THE ENTRY OF “FORGOTTEN” ON THE DATE AND PLACE OF MARRIAGE OF PARENTS COLUMN. TERESITA RABINA CHUA-BLOCK Petitioner -versusTHE CITY CIVIL REGISTRAR OF TANGUB CITY Respondent.

/-------------------------------------------------------------/ NOTICE OF HEARING

WHEREAS, after alleging certain facts in a verified petition filed on February 24, 2016, petitioner prayed that after notice, publication and hearing an order be issued directing the Local Civil Registrar of Tangub City, Mis. Occ., to make the following correction in her record of birth, to wit: A.

B.

As to the entry of the citizenship of her father from “FILIPINO” to “CHINESE”; To erase the entry “FORGOTTEN” in the date and place of marriage of parents column.

WHEREFORE, finding the petition in due from and substance, the hearing of the same is hereby set on MAY 20,2016 at 8:30 o’clock in the morning, at the Session Hall of this Honorable Court, at which date, time and place, any concerned and interested person may appear and show cause, if any, why said petition shall not be granted.

The Sheriff of this Honorable Court is hereby ordered to post copies of this Notice in three (3) conspicuous places, preferably in the Bulletin Board of this Court, the City Hall of Tangub City, and the Barangay hall of Labuyo, Tangub City, Mis. Occ. Moreover, let a copy of this petition and notice be published once a week for three (3) consecutive weeks in a newspaper of general circulation in the province of Misamis Occidental, all at the expense of the petitioner, for the information and guidance of all concerned. Also let a copy of this petition and notice be furnished the petitioner, the Office of the Solicitor General, and the Local Civil Registrar of Tangub City. Any person having or claiming any interest under the entry whose correction is sought may, within fifteen (15) days from notice of this petition or from the last date of publication of such notice file his opposition thereto.

WITNESS, the honorable SYLVIA A. SINGIDASMACHACON, Presiding/Executive judge, this 22nd day of March 2016.

(Sgd.) ATTY. MARCELINO D. NATIVIDAD, JR. Clerk of Court-VI

BWM: Apr. 8, 15 & 22, 2016

the Construction of Concrete B arangay Roads/MultiPurpose Pavements in All Barangays; and support to the RDC-IX resolution enjoining the Department of Public Works and Highways and the Department of Energy to fast-track the issuance of the implementing rules and regulations of Department Circular 2013-07-00015.

The Council also confirmed the composition of the Roadmap to Address the Impact of El Nino (RAIN) technical working group to assist the national government in the implementation and monitoring of the RAIN program in the region R AIN was formulated to mitigate the adverse impacts of El Nino on food, energy, security, and health. --With PIA-10

Savings...

from page 1 as their institutions, their programs and projects are.

But for the folks at Balay Mindanaw Group (BMG), the answer is a simple “lack of savings”, for which reason the Bangko sa Balay Foundation, Inc. (BBFI) was born in 2007.

BBFI’s definition of help is not pushing or pulling clients to do something but accompanying clients in their daily endeavor.

“Walay guyoron sa ato kay mas maayo nga abay ta pagtrabaho,” stressed

Amorelle “Amor” Rejas, BBFI Villanueva Branch manager.

Nine years after and with the establishment of another branch in this industrial and farming municipality of Misamis Oriental, BBFI still puts a premium on “savings” as a means to empower farmers, fisherfolks, housewives and daily wage-earners become nation-builders.

“Karong y u g tu - a s a atong eonomiya, gatubo ang ekonomiya sa Pilipinas ug daghan unta kapaninguhaan.

Apan kanang kapaninguhaan kung dili maabayan ug masagulan og pagtigum masayang lang gihapon…

Bisan daghan ug klaro ang investments ug pagtubo sa ekonomiya, dili gihapon makasikad ang mga tawo kay walay tigum,” stressed Ariel “Ayi” Hernandez, BBFI managing director.

Unlike other banks or microfinance institutions, BBFI encourages every client to open a savings account with BBFI to ensure that he/ she has something for the future and not just depend on loans during emergencies.

“Ang pamaagi sa BBFI dili lang ta taman sa hulambayad. Sa ato, hulam-bayadtigum,” said Amorelle “Amor” Rejas, Villanueva Branch manager.

According to Joel “Jong” Zamayla, BBFI Carmen, CDO Branch manager, some of their

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City Branch 22 OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE EJF FILE No. 2016-082 Upon Extra-Judicial petition for sale under Act 3135 as amended filed by HOME DEVELOPMENT MUTUAL FUND or PAG-IIBIG FUND, mortgagee, with office address at Pag-ibig Building, J.R. Borja St., Cagayan de Oro City, against ESMERO P. PAMAYLAON, married to JANET Q. PAMAYLAON, mortgagor/s, of legal age/s, Filipino/s with postal address at Block 2, Lot 18, Pueblo de Oro, Upper Carmen, Cagayan de Oro City, to satisfy the mortgaged indebtedness which as of February 15, 2016 amounts to THREE HUNDRED NINETY SEVEN THOUSAND FIVE HUNDRED SIXTY NINE PESOS and 53/100 (P 397,569.53) Philippine Currency including interest & penalty charges, excluding attorney’s fees and expenses of foreclosure, the undersigned sheriff will sell at public auction on May 2, 2016, at 10:00 a.m. or soon thereafter at the RTC Branch 22, City Tourism Hall, City Hall, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the herein described property and all existing and future improvements thereon to wit: TRANSFER CERTIFICATE OF TITLE NO. T-136-2013001585 Lot : LOT 25, Block 3, PCS-10-004225 CONS-SUBD : Lot 6, PCS-10-003972 AND LOT 1, BLOCK 24, PSD-10-059077 AS Surveyed for : JOHNDORF VENTURES CORP. (PAG-IBIG CITI HOMES, PHASE 3) Location : Malanang, Opol, Misamis Oriental Area : NINETY FIVE (95) SQ. M. MORE OR LESS Prospective buyer/bidders may investigate for themselves the title of the herein described property and encumbrances thereon, if any there be.

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

In the event the public auction should not take place on the said date, it shall be on the next working day without further notice.

Cagayan de Oro, March 18, 2016 FOR THE PROVINCIAL EX-OFFICIO SHERIFF:

(Sgd.) JOEL LYDVEL G. PAKINO Sheriff IV

BWM: Apr. 1, 8 & 15, 2016

clients started depositing P10 but on a regular basis.

“Mas maayo magsugod sa ginagmay pero kanunay,” he said, adding: “Dili ta ga-focus sa atong income.

Gaabay ta sa mga kliyente para makatabang ta kanila.”

To e m p h a s i z e t h e imp or tance of savings, Z amayla narrated his personal experience of being able to buy a 600 sq.m. lot in Laguindingan from the P500 savings he set aside from his salary every month for five years.

“I bought the lot for P100,000. Now, it is worth more than P400,000,” said.

Hernandez also stressed that their savings was what enabled him and other Sendong victims like Rejas to bounce back after the tragedy.

“Panahon kung adunay natural disaster, masakit sa pamilya…kung walay t i n i g u man , pwe r te ju d lisura. Busa, goal sa BBFI nga matudluan ang mga tawo sa pag tigum ug pag invest,” he said.

To encourage savings, BBFI is offering clients its Kalambuan Savings. For a minimum of P1,000 a client can open a time deposit at an interest rate of 7% per annum.

“Kanang P1,000 maulaw ta og deposit ana sa commercial banks. Pero diri sa ato, pwede E X T R A J U DI C IA L PA R T I T I O N WI T H C O NF O R M I T Y TO SUBDIVISION AND WITH WAI V E R O F R I G H T S OF REGISTERED REAL PROPERTY Notice is hereby given that the intestate estate of the SPOUSES EPEFANIO M AA G AD a n d M A R IA B. MAAGAD both died respectively sometime of December 1995 intestate in Cagayan de Oro City and sometime in April 2007 intestate in Opol, Misamis Oriental, left 2 parcels of land situated in Barangay Cogon, Misamis Oriental and which property described as follows; A.) Lot 37499, Cad 237, Cagayan Cadastre, Identical to Lot 35, Csd10-004028, Covered by OCT No. P-22376, with Ta x D e c l a r a t i o n N o .

0819000401609 situated in Barangay Cogon, Gitagum, Cagayan de Oro City. Containing an area of TWNETY THOUSAND NINE HUNDRED ONE (20,901) square meters more or less; B.) Lot 37505, Cad 237, Cagayan Cadastre, identical to Lot 41, Csd10-004028, covered

by OCT No. P-22375, w i t h Ta x D e c l a r a t i o n N o . 0 8 1 9 0 0 0 4 0 1 6 11 , situated in Brgy. Cogon, Gitagum, Misamis Oriental.

Containing an area of S I X T EEN T H O U S AND O NE H U ND R ED O NE (16,101) Square meters more or less is the subject o f E X T R A J U DI C IA L PA R T I T I O N WI T H C O NF O R M I T Y TO SUBDIVISION AND WITH WAI V E R O F R I G H T S OF REGISTERED REAL PROPERTY Under Notary Public of Atty. Emelito J. Marquiño per Doc, No. 250; Page No. 51; Book No. XII; Series of 2016 BWM: Apr. 15, 22 & 29, 2016

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2014 ppi’S Best in ENVIRONMENTAL Reporting

kaayo sa time deposit,” said Rejas.

The Kalambuan Savings is just one of many other “savings” scheme BBFI has for its clients, such as voluntary savings, compulsory savings, progressive savings, kiddie savings, and DREAM savings (for disaster or emergencies).

Deals... from page 1

Inc. (Zamsureco II), Misamis Occidental I Electric Cooperative, Inc. (Moelci I), and South Cotabato I Electric Cooperative, Inc. (Socoteco I).

The ECs are now allowed to extend their power supply deals with TMI for an additional three years.

ERC approved five megawatts (MW) of supply to Zamsureco I starting January 6, 2015, four megawatts (MW) of supply to Zamsureco II from March 8, 2015, two MW to Moelci I from May 5, 2015 and four MW to Socoteco I from Feb. 11, 2015 The extended power requirements will come from Therma Marine’s two power barges in Nasipit, Agusan del Norte and Maco, Compostela Valley, which together provide 200 MW of peaking power to the Mindanao grid.

Zamsureco I provides electricity to Pagadian City, 22 municipalities of Zamboanga del Sur and the municipality of Don Victoriano in Misamis Occidental.

Zamsureco II distributes electricity to the province of Zamboanga Sibugay, three municipalities in Zamboanga del Norte and the Vitali district in Zamboanga City.

Moelci I serves portions of the power needs of the first district of Misamis Occidental and Oroquieta City.

Socoteco I franchise area includes Koronadal City, 8 municipalities of South Cotabato and the municipality of Lutayan in Sultan Kudarat.

Hurst... from page 4

you. But the only way you can enjoy His peace and prosperity is to become His close friend. Today you can get connected to Jesus Christ and start enjoying His friendship and good life. Just ask Him to forgive you, and to take charge of your heart everyday. He’ll not only give you happier friendships and better connections, but He’ll make you a better friend to others. Just Think a Minute…

OLX... from page 5

contributions to Cebu’s economy as our platform becomes more valuable in the lives of Cebuanos and their communities,” said Aguilar.

As an anniversary treat, OLX invites all Cebuanos to post an ad on OLX using the mobile app to experience a bilib moment plus a chance to win a trip for four to local dream destinations and Php100,000 buying spree on OLX as a bonus. This promo ends on April 8.

8

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RDC’s support to Lumad Festival heralds NorthMin’s indigenous fest friday | april 15, 2016

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C

By Cheng OrdoÑez, Editor-at-Large

AGAYAN DE ORO CITY -- The Regional Development Council of Northern Mindanao (RDC-10) has endorsed the holding of an annual grand Lumad Festival during the 108th RDC-10 Budget Consultation/ Full Council Meeting on April 12, 2016, here, heralding the first-ever festival for lumads in Mindanao.

RDC-10 Co-Chair NEDA RD Leon Dacanay Jr presides over the 108th Full Council Meeting for FY 2017 Budget Consultations. Photo by Mike Baños

The first run of the Lumad Festival is slated on September 23-24, 2016.

I m m e d i a t e l y, t h e Department of Tourism Regional Office 10 and its partners, led by BusinessWeek Mindanao Corporation, called for an Executive Meeting Thursday afternoon and discussed matters pertaining to organization, promotion

and marketing, among others.

Dante Sudaria, CEO and President of BWM Corp. presided over the ExeCom meeting in the absence of DOT-10 Regional Director Catalino “Butch” Chan III. The RDC-10 Full Council passed Resolution No. 11 series of 2016, “Endorsing and Adopting the 1st Lumad Lumad/PAGE B3

A Year Older But Looking Younger EMPRESS M

by

Michelle Francisco

www.EmpressMichelleFrancisco.com

You can follow me at the following social media: https://www.facebook.com/ EmpressMCF https://instagram.com/ empressmichellefrancisco https://twitter.com/empressmcf

L

ast Wednesday, I was happy to be invited for the birthday party of my two good friends, Dr. Emily Ceballos and Cathy Tan. Emily is our family doctor.

We’ve been friends for many years already but because of her busy schedule, it’s seldom

that we get to see each other.

She’s always traveling because of her job. What I love about her is that she dresses well all the time. Love how she carries her colourful outfits.

And a plus, she’s always a call and text away whenever I have some questions on what medicines to take. Always very accommodating.

Cathy is one of the sweetest and kindest persons I have ever met. We met a number of times during events here in the city. She’s also the owner of the famous brand, Cheding’s Peanuts, known as the pride of Iligan City. Tourists and locals like me love their products.

She’s very nice and confident.

I love having conversations with her because I can feel that she’s very genuine and sincere. She dresses really well and this lady knows how to have fun in life! So happy she became my friend.

It was a joint birthday celebration. Attended by some fabulous women in the city who knows how to give time to have fun despite their busy schedules. Some of the girls, I have met for the first time and I am always happy to meet new friends.

Eventologist Shine Casiño styled the venue (Kagay-Anon Restaurant) and made it more girly with all the blings, party

decors and balloons.

It was a fun lunch with lots of food, give aways, laughs, jokes, good conversations, good vibes and fun! We ended our night at Limketkai Luxe Hotel with more laugh trip!

Always grateful for the friendship...

For more photos about this event, visit my website: www.

EmpressMichelleFrancisco. com.

The Birthday Celebrants. Cathy and Emily with their beautiful Cakes made by Mardoney’s Bakeshop.

With the beautiful ladies. Left to right: Belen Rebolos, Queenie Caayupan, Pie Fernandez, Jing Mercadel, Orla Tablan, Cathy Tan, Emily Ceballos, Min Tiongson, Marilyn Siy, Michelle Francisco and Shine Casiño

BusinessWeek MINDANAO ing r o t o m

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YOUR Mindanao-wide BUSINESS NEWSPAPER friday | april 15, 2016

2014 ppi’S Best in ENVIRONMENTAL Reporting

Motoring Editor: GILBERT Y. CHAO

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Tata Motors Philippines showcases 9 vehicles at Manila International Auto Show 2016, Philippines • Unveils a line-up of modern and contemporary Commercial and Passenger Vehicles • Key Product Displays: - The World Smart Truck: TATA PRIMA - Tata Motors small commercial vehicles led

by TATA SUPER ACE - Economical diesel powered passenger cars

T

ata Motors Philippines today presented 9 vehicles from its passenger and commercial vehicle businesses, at the 2016 Manila International Auto Show (MIAS).

Participating in the MIAS for the third consecutive year, the products showcased are based on Tata Motors Horizonext philosophy, signifying world-class quality products, with an enriched sales and service experience.

To enthuse the entrepreneurial Filipino, Tata Motors Philippines showcased 6 commercial vehicles from the Tata Motors commercial vehicles stable. Among these is Tata Motors new Tata SUPER ACE and Tata ACE family of small commercial vehicles, Tata PRIMA, in the heavy commercial vehicles category, creating the Value Trucking segment and an accessorized version of the Tata XENON 4X4 pick-up.

For the passenger vehicle customer, Tata Motors showcased an exciting range of diesel powered passenger cars, which are easy and smooth to drive, yet efficient, powerful and reliable, with the lowest cost of operations. The three Tata Motors passenger cars are - the spacious and comfortable Tata MANZA AURA, the youthful and sporty Tata VISTA IGNIS in full wrap around body kits, and the Tata INDIGO diesel sedan.

Mr. Rudrarup Maitra, Head, International Business, Commercial Vehicles, Tata Motors said “MIAS 2016 is an excellent platform for Tata Motors

to showcase our extensive line-up of offerings which have been specially designed keeping the Filipino customer in mind.

The products on display today, offer maximum value for its customers and are built based on extensive customer feedback. With newgeneration products like the currently showcased Prima and Super Ace, we at Tata Motors are geared to cater to the evolving needs of the Filipino customer.”

In the lineup, the contemporary Super Ace, 1 Ton Mini Truck comes with a host of luxurious car-like features to maximize driver comfort such as power steering, power windows, independent suspension, air con, cable shift gear and body colored trims along with a peace of mind warranty of 100,000 kms or 3 years, whichever is earlier.

Tata Super Ace is being showcased in two body configurations namely the Tata SUPER ACE BIG BOY Body with a total seating capacity of

14 passenger at the rear body plus driver and co-driver in the front cabin and the Tata SUPER ACE – School Bus with all front facing seats as per Philippines Land Transport Franchising and Regulatory Board’s new requirement.

Tata PRIMA 4038K (6X4) construction tipper equipped witha 370HP CUMMINS ISLe 8.9L high pressure common rail diesel engine is able to generate370HP of maximum power with its 9-speed Eaton transmission. This vehicle is fitted with an 18 Cu.M box body and a Bogie Suspension for all wheels.

It is suitable for all type of construction applications like aggregates movement, tankers and other municipal applications like garbage compactors, skip loaders etc.

Tata Ace HT light commercial vehicles powered by the fuel efficient 702cc diesel engine is showcased in two body configurations. The Tata Ace, which has been a successful product for Tata Motors with over 1 million

vehicles sold globally is being displayed in both Rescue Boy and Food Truck body configurations.

The Tata ACE Rescue Boy, a unique application which can be used as the first –responder, multi-purpose vehicle with the patented roof boat system.This body configuration of the Ace may be put to a multitude of emergency usages and have feature like Rear Ambush Type seats which can be transformed into a spine board for medical emergencies, under seat storage for emergency equipment and supplies, standard fitment of emergency kit of two life vests, fire extinguisher and rescue boat oars.The Rescue Boy Roof boats comes with solar panel charger with internal charging points for power supply during emergencies.

The Tata ACE Food Truck on the other hand is a versatile raise-able rear body roof, to enable the occupants at the back to stand while selling their goods. There are also foldable counters inside tata/PAGE B3

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YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

friday|april 15, 2016

Lumad... from page B1

Festival 2016” during its 108th Full Council meeting.

Initiated by BusinessWeek Mindanao last September 24, 2015, during the grand opening of the National Tourism Week held in SM City Cagayan de Oro, the festival aims to promote peace and cultural understanding by showcasing the various cultures and traditions of its indigenous peoples (IPs) or Lumads of Northern Mindanao’s provinces, cities and municipalities through a dance competition on September 23-24, 2016 in Cagayan de Oro City “We anticipate around 40-50 contingents from the five provinces, nine cities and 84 municipalities to compete and showcase their cultures and traditions to an estimated 100,000 to 150,000 foreign and domestic tourists through street dancing and ground tableaux,” said Dir. Chan III in his presentation to the council.

Earlier, the RDC-10 Economic Development Committee during its April 7, 2016, meeting recommended its endorsement and support to encourage local government units to send their contingents to participate in the festival competition and for the region to adopt the Lumad Festival as an annual grand festival in Northern Mindanao.

In his presentation to the council, Dir. Chan said among the policies of RDC-10 as indicated in its physical framework plan, regional development plan and sector plans to facilitate and support all events and festivities geared

towards promoting regional and local tourism to gain the benefits from tourism activities such as providing jobs for less-skilled workers, generating incremental income from tourists’ spending and eventually contributing to local and regional economic development.

“One of the proposed tourism activities to address this regional development policy is the conduct of regional and local festivals as a means of promoting the indigenous and local culture of Filipino people, especially in Northern Mindanao, hence DOT’s endorsement of the Lumad Festival,” he added.

The Regional Development Council of Northern Mindanao (RDC-10), endorsed the FY 2017 priority programs and projects during the 108th RDC-X Budget Consultation/Full Council Meeting on April 12, 2016 in Cagayan de Oro City. The activity was steered by RDC-10 Vice-Chair and NEDA-10 Regional Director Leon M. Dacanay, Jr. RDC-10 also endorsed the following: a)Requesting the Office of the Solicitor General to expedite the issuance of the resolution of the civil case filed by Ms. Catherine Magtajas Mercado against the Philippine Tourism Authority to facilitate the completion of the Cagayan de Oro International Trade and Multi-Purpose Center Project; b) Requesting the Department of Tourism and the Tourism Infrastructure and Enterprise Zone Authority to prepare the business plan for the Cagayan de Oro International Trade and Multi-Purpose Center; and c) the proposal for an additional

US$450 million loan financing for the Philippine Rural Development Project (PRDP).

The Council also expressed support to: a) RDC II & RPOC II Joint Resolution No. 02-662015 (s.2015), “Supporting and Endorsing House Bill No. 5612 - An Act Providing for the Concreting of Barangay Roads/Multi-Purpose Pavements in All Barangays;” b) RDC-IX Resolution No. 61 (s.

2015), “Enjoining the DPWH and the DOE to Fast-Track the Issuance of the Implementing Rules and Regulations of Department Circular 2013-07-0015” to carry out Rule III Section 10 of RA 10531 (NEA Reform Act of 2013).

The Council also confirmed the creation of the technical working group for the Roadmap to Address the Impact of El Nino (RAIN) and DENR-X’s request to restore the Php8.427 million allocation (originally included in the FY 2016 National Expenditure Program) for the establishment of a mechanized nursery was also endorsed to help address the impact of drought on forest resources.

Meanwhile, DENR-X Director Ruth M. Tawantawan reported on the government’s ongoing efforts to combat forest firesin Bukidnon which have already affected 185 hectares in Mt. Kitanglad and 153 hectares in Mt. Kalatungan ranges. She acknowledged the cloud seeding initiatives of the Department of Agriculture of Region X to trigger rainfall, stop the grassfires in the mountain ranges, and address the effects of the El Niño phenomenon. (With reports from Mike Banos and Peleta B. Abejo, DRD, NRO-10)

Tata...

from page B2 for food preparation and for placement of cooking equipment.

The whole rear body of the food truck is made up of stainless steel to ensure rust and corrosion free long lasting operation.

Alongside the heavy and light commercial vehicles, the very capable 2.2L DiCOR turbocharged diesel Tata XENON XT4x4 pick up is being presented equipped with an aftermarket sports bar and roof mounted fog lamps, which further accentuates the vehicle’s sporty and aggressive stance.

The Tata MANZA AURA on display, is a modern sedan, which makes a bold styling statement. Its strong side-door intrusion beams, a superior crash-tested cockpit design offer ample protection. The

MANZA also comes fitted with a choice of factory features such as the advanced 2-DIN Music system, Bluetooth hands-free and steering mounted controls.

The Tata VISTA IGNIS is showcased as a stylish hatchback thoughtfully designed for families who prefer spacious vehicles.

The Vista is reliable and fun-todrive, a perfect combination of modern design, well-bolstered – comfortable seats and suspensions specifically designed for rough road surfaces.

In taxi livery the Tata INDIGO diesel sedan, Tata Motors sub-4 meter passenger car, is showcased as a perfect fleet or taxi vehicle spacious, comfortable and durable.

The diesel powered vehicle is an economical option, boasting high fuel efficiency, compared to petrol-run multi cabs.

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2014 ppi’S Best in ENVIRONMENTAL Reporting

Powered by Tata Motors’ acclaimed Quadrajet Common Rail Direct Injection Turbo-charged & Intercooled Diesel engine, these passenger vehicles deliver stellar fuel economy with power and torque.

To know more about our passenger vehicles, light and heavy commercial vehicles and other possible body applications for the ACE and SUPER ACE, visit a Tata Motors showroom near you or visit us at our pavilion at the Manila International Auto Show this April 7 to 10, 2016 at the World Trade Center Pasay City Manila to see and experience these vehicles yourself.

For more information, visit our website at www.tatamotors. ph and like the Facebook page www.facebook.com/tatamotors. ph

For Kagawad 1st District, Cagayan de Oro City

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