BusinessWeek Mindanao (April 16, 2018)

BusinessWeek M I N DA N A O CREDIBLE

Volume VIII, No. 135 As of 5:50 pm April 13, 2018 (friday)

FOREX

PHISIX

US$1 = P51.95

7,899.98

8

X Briefly

RELIABLE

X

143.09 points

Pag-IBIG loans

IN-DEPTH

P15.00

Monday|April 16, 2018

DAVAO City – After it was cancelled due to alleged overprice issue in the previous administration, the government has put the modernization project of Sasa Port in Davao City for bidding this year under the PublicPrivate Partnership scheme. This was revealed by Davao City Chamber of Commerce and Industry, Inc. (DCCCII) president Arturo Milan based on the information from the Philippine Ports Authority (PPA) after making follow-up on the status of infrastructure projects in Davao. The project has a total cost of P6.2 billion consisting of three phases, Milan said.

Lapasan Highway, Cagayan de Oro City

By MARK FRANCISCO, Staff Writer

T

HE regional director of the Department of Tourism (DOT) here said vacationers should not expect from Camiguin too much the way they have enjoyed Boracay in the past.

DAVAO City -- State-run Home Development Mutual Fund, or Pag-IBIG Fund, issued P7.33 billion worth of loans in 2017 in Mindanao, up 10% from a year earlier. Loans issued in 2017 covered 8,063 housing units, of which 1,688 were categorized as social housing units. “Our strong performance in home lending last year, which benefitted a significant number of low-income members, reflects our support to the social protection agenda of President Rodrigo R. Duterte,” Pag-IBIG Fund Chief Executive Officer Acmad P. Moti said in a news conference held in the city Friday.

Sasa port bidding

Cagayan de Oro

DOT: Don’t expect much, Camiguin ain’t Boracay www.businessweekmindanao.com

Market Indicators

cents

YOUR Mindanao-wide BUSINESS paper

SUMMER TIME. Just in time for the onset of summer, watermelon fresh from a farm in Surallah, South Cotabato is sold at P20 per kilo or P10 per slice by this young vendor along the highway in Barangay Amas, Kidapawan City in North Cotabato. One large watermelon weighs approximately five kilos. photo by jules benitez

This was DOT 10 director Marie Elaine Unchuan’s reaction after Camiguin Rep. Xavier Jesus Romualdo invited both foreign and domestic tourists alike who may be displaced by the imminent six-month closure of Boracay. Unchuan said that compared to Boracay, Camiguin is a laid-back sleepy town for people who just want to escape the busyness of urban life. “There are no bars there, there is some nightlife but there aren’t really no DJs there like we do in the night circuit here in CDO,” Unchuan said, referring to the regional capital in the mainland which is a boat ride way to the island province. camiguin/PAGE 11

Mindanao Trust Fund to infuse P166M for projects in conflict-affected areas By ANTONIO L. COLINA IV, MindaNews

D AVA O C i t y – T h e Bangsamoro Development Authority (BDA) signed a new program partnership agreement with Community and Family Ser vices International to implement projects worth $3.2 million or e qu iv a l e nt to P 1 6 6 million from the Mindanao Tr u s t Fu n d ( M T F ) t o construct socioeconomic infrastructures and improve literacy in conflict-affected

areas. In a statement issued by the Office of the Presidential Adviser on the Peace Process (OPAPP), Secretary Jesus Dureza said the new partnership will support confidence-building and the “normalization” in the Bangsamoro area under the Comprehensive Agreement on the Bangsamoro (CAB) signed between the government (GPH) and the

Moro Islamic Liberation Front (MILF) in 2014. Dureza said the projects would “improve the quality of life of people in conflictaf fe c te d are as t hroug h community participation and the pursuit of sustainable livelihood within a peaceful, deliberative society. “For four years, we have been reaching out to our fellow Filipinos in the south, touching lives and taking ‘peace by piece’ steps towards projects/PAGE 11

OLD MAN AND COWS. An old farmer brings out his cows to graze on the mountains in Luinab, Iligan City in this file photo from MindaNews. In the background is Mt. Agad-agad, the landmark easily seen from downtown. mindanews photo by bobby timonera

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776

2

Economy

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

Monday|April 16, 2018

PH gets $9.45-B worth of investment from China visit

D

By FRANCIS MAE MACAPAGAT, Contributor

AVAO City -- President Rodrigo Roa Duterte announced, during his arrival briefing Friday morning, that he has secured billions of investments from his trip to China. He also specifically mentioned the billions of grant from the Chinese government. PRRD initially bared plans of pouring such grant on building and repairing hospitals in Jolo and Basilan. Part of the gains from his recent engagement with the Chinese government is the

hiring of Filipino teachers. Some 2,000 Filipino teachers may land on teaching jobs in China starting this year. Instead of discussing the issue on sea disputes, the President rather highlighted the need to intensify cooperation with China on trade, tourism, science, technology, energy, to name a few. “This is not the appropriate time to discuss the West Philippine Sea issue.” The President recognized how disadvantaged the Philippines is in terms of

arms if it wages war against China. “I won’t sacrifice the lives of our Filipino soldiers”, he said. The President mentioned, during his departure briefing for the Boao Forum held at the Davao International Airport last Monday, that he would rather take advantage of the economic gains the country could get from talking business with China than to talk about waging war againts China. Meanwhile, PRRD reiterated that he is not after his popularity ratings despite a +56 net satisfaction rating or “very good” in

the latest Social Weather Stations (SWS) survey. “I am complying (with) my mandate. I said during my campaign that I will stop or at least reduce corruption, drugs, and insurgency. I am willing to go -10 in the net satisfaction survey because I don’t have to be popular. I don’t need it. My job is to implement what I promised”, he quipped. The President was joined by Presidential daughter and Davao City Mayor Sara Duterte in his recent trip to China for the Boao Forum and to Hong Kong where he reported to the overseas Filipino workers and even chatted with them in a Filipino fastfood chain Thursday afternoon. (PIA/ Frances Mae Macapagat)

Officials from BFAR-ARMM with Marawi City LGU officials during the turnover ceremony of the fishing inputs for identified fisherfolks in the city. (PIA-10)

Marawi fisherfolk receive P2-M worth of fishing inputs MARAWI City -- The Bureau of Fisheries and Aquatic Resources (BFAR) of the Autonomous Region in Muslim Mindanao (ARMM) formally turned over P2-M worth of fishing inputs through the BoatR program identifying the city as one of the best performing Local

Government Units (LGUs) in the country. The fisherfolks received 50 units of non-motorized fiberglass boat with complete set of accessories, gears (spear guns, fishpots with bamboo pole each, gill nets, and snorkels) and fish stalls. fisherfolk/PAGE 11

Quality of education By LOURELEI JOY M. APALLA Teacher I Lala National High School Lala, Maranding, Lanao del Norte

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

A good quality education is one that provides all learners with capabilities they require to become economically productive, develop sustainable livelihoods, contribute to peaceful and democratic societies and enhance individual wellbeing. The learning outcomes that are required var y according to context but at the end of the basic e d u c at i o n c y c l e mu s t include threshold levels of literacy and numeracy, basic

scientific knowledge and life skills including awareness and prevention of disease. Capacity development to improve the quality of teachers and other education stakeholders is crucial throughout this process. Education leads to empowerment –a process of strengthening individuals, organizations and communities so they get more control over their own situations and enviornments. Quality education is a crucial factor

in combating poverty and inequality in society. In quality education, there are six dimensions that all inter ventions of the organization need to meet. Quality education cannot be based on a blueprint that is applicable in all situations. Solutions and adaptations of education systems must be based on the real needs of a country and/or community. Quality education puts the child in the center and helps it to reach his or her full potential.

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

3

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

Monday|April 16, 2018

Whatt’a Summer Promo with Primavera City! Do you want to invest and live in a truly eco-friendly condominium in the city of Cagayan De Oro at the most reasonable deal? Primavera City, the new premier project of the multi-awarded listed green developer Italpinas Development Corporation (IDC) unveils the Whatt’a Summer Promo! As a Summer giveaway, IDC offers you to enjoy a FREE Trip to Subic for 2! Buy a unit and get an all-expense paid trip to Ocean Adventure and Subic Safari (Valid for all April and May buyers only.) “At Italpinas, we do not only ensure that we provide our clients with first-class amenities and affordable condominium investments, but we also see to it that we please them with special deals. The Whatt’a Summer promo allows our Primavera City buyers to enjoy big

time savings and a memorable summer vacation.” said Lynette R. Rongo, IDC Sales Manager. Primavera City is a sustainable development designed with natural ventilation within the building. This will harness efficient energy systems for its

energy and cooling needs that will save up 33% on its maintenance costs. Prominently positioned at the booming Uptown Cagayan de Oro, Primavera City will provide residents with a sustainable and peaceful living experience. This 12-story building

is strategically situated 110-meters above sea level to withstand natural calamities. Builtin with the worldclass amenities, Primavera City will offer multifunctional room, fitness center, unlimited Wi-Fi connection, infinity pool,

safe playground, sauna, and a 24/7 reception and security to its residents. It is now or never! Visit our Sales Office at the 2F Primavera Residences, Pueblo de Oro Business Park, Upper Carmen Cagayan de Oro.

To know more about the project, visit primaveracity. italpinas.com or like and message us on our Facebook page at www. facebook.com/ primaveracity/. Feel free to contact us anytime at 09177942221, (088) 880-5002 or sales@italpinas.com

4

Opinion

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

Monday|April 16, 2018

Why ginseng?

HOTLINE Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

ALLAN mario MEDIANTE

Vice President for Corporate Affairs

RUFINO T. MAGBANUA

Vice President for Business Development

Joe felicilda

Vice President for Administration

JOHN AARON M. DEL BANDO

VicePresidentforEventsandPromotions

joe palabao

Vice President for Marketing

NELSON CONSTANTINO Editor-in-Chief

gilbert y. chao

Motoring Editor Cris diaz mike baños BONG FABE Contributing Editors

JUN AYENSA

Regional Editor - Caraga

ATTY. antonio s. soriano 2f, ICS Building Tel.No.: 881-0176 Tiano cor. Montalvan sts. Legal Counsel

CLIFFORD SANTILLAN

ATTY. MARIO T. JUNI

Layout Artist

Cell No: 09352379999

Juni Law Office Cruz Taal St., CDO Legal Counsel

ABEGAIL BAYNOSA era mae deloso Advertising

manila office: 9th Floor, Unit 918, CityLand Herrera VA Rufino Cor. Valero St., Salcedo Village, Makati City Tel. # : 5555392,Cell No.: 0977-152-8860 lani vallido-Marketing Manager

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463-826-272-000 – VAT. Reg., and with Business Permit No. 2017-02942. Tel. Nos.: (088)856-3344, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com

Ruffy magbanua SEOUL, South Korea – A visit to this Korean metropolis dubbed the Dragon City is never complete without ginseng in mind. With a group, we were ushered into a ginseng manufacturing plant and display center located right smack at Seoul’s commercial district. The briefing, done by a Filipina staff, took us to where ginseng originated and used as an herbal medicine. Nearly all of the world’s 80,000 tons of ginseng pro duce d annu a l ly are

Oro Chamber

The Magic in the Mix think a minute

jhan tiafau hurst Think a minute…A little boy named Mike was watching his mother bake a cake. She put all the ingredients on the table: flour, butter, sugar, baking powder, eggs, and vanilla. Then when his mother wasn’t looking, little Mike sneaked a taste of each ingredient. But they all tasted bad just by themselves! Then he watched his mother mix all the ingredients together, pour them into a pan and then into the oven to bake. That night after Mike had enjoyed 2 big pieces of the cake, he said: “Wow! How can mixing all those BAD tasting things make such a GOOD cake?” His mother smiled and answered: “Son, the magic is in the mix!” You see, sometimes bad things happen to us; and that thing by itself can be terrible

and painful. We might get discouraged and lose hope because we think it’s hurt or ruined our plans for a good life. Maybe you didn’t get that job you really wanted; or your daughter dropped out of school because she became pregnant. It could be that someone in your family suddenly became very sick. Natu r a l ly w he n b a d things like this happen to us, it’s very hard for us to imagine that anything good can possibly come out of it. We might continue to blame ourselves or others for causing these bad things to happen. For example, we might keep making our pregnant daughter feel that she’s a failure and loser because that mistake she made has now ruined her life. But friend, if a person is a failure just because they failed, then we’re all failures! We’ve all failed at one time or another. That’s exactly why Jesus Christ came: to forgive and free us from all our past failures and wrongs so we can have a fresh start. But this time we will have His strength and character living in us. So why not make today the first day of your new life? hurst/PAGE 11

There are 11 species of ginseng, all belonging to the genus Panax of the family Araliaceae. The botanical name Panax means all heal in Greek. The name ginseng is used to refer to both American ginseng (Panax quinquefolius) and Asian or Korean ginseng (Panax ginseng). The true ginseng plant belongs only to the Panax genus, so other species, such as Siberian ginseng and crown prince ginseng, have distinctively different functions. The unique and beneficial compounds of the panax species are called ginsenosides, and they’re currently under clinical research to investigate their potential for medical use. Both Asian and American ginseng contain ginsenosides, but they include different types in different amounts. However, some experts are not yet convinced that

there is enough data to label the medical capabilities of Ginseng, but for centuries people believed in its beneficial compounds and results. Ginseng is not ready for use until it is grown for about six years. The Ginseng plant has leaves that grow in a circular shape about the stem. The flowers are yellowgreen and shaped like an umbrella. They grow in the center of the plant and produce red berries. The plant gets wrinkles around the neck with age — older plants are more valuable and more expensive because ginseng benefits are more abundant in aged roots. Ginseng contains various pharmacological components, including a series of tetrac yclic triterpenoid saponins (ginsenosides), polyacetylenes, polyphenolic comp ounds and aci d i c polysaccharides. Ginseng/PAGE 11

Double your money Speaking out

Member: Philippine Press Institute

produced in four countries — China, Canada, the United States and of course, South Korea. Ginseng, we were told, is one of the most popular herbal medicines in the world, and it’s been used in Asia and North America for centuries. Today, ginseng is marketed in over 35 countries and sales exceed $2 billion, half coming from South Korea. Confidently, the company flyer says Ginseng is used to improve thinking, concentration, memory and physical endurance. Ginseng also helps in the control of depression, anxiety and as a chronic fatigue natural cure. Known to boost the immune system, it helps in fighting infections and help men with erectile dysfunction. Further, Koreans use the ginseng root as stimulant and headache remedy, as well as treatment for infertility, fever and indigestion.

ignacio bunye Time and again, scammers never fail to victimize many Filipinos with their double your money or get rich quick schemes. This, despite frequent reminders that “if its too good to be true, it is not true”. The latest well publicized case involves a couple who fleeced gullible customers of almost 900 million pesos by using as bait supposedly fantastic returns on bitcoin investments. The couple is now facing charges for syndicated estafa.

A few years back, there was the Baladjay pyramid scam, which amassed for the perpetrators multi-millions of pesos . Mind you, the victims were not just ordinary persons. They included high profile personalities such as politicians, cabinet members and police officers. Even PNP Chief Bato de la Rosa admitted that he had been victimized by a similar scheme early in his career. The inducement – guaranteed interest at 4 per cent monthly or 48 per cent per year. An alternative was a double your money scheme if the investor opted to lock in his money for 18 months. A Makati regional trial court later sentenced the perpetrators to at least 455 years in prison for 65 counts of violations of the Securities Regulation Code (SRC). But whether the victims can recover their money remains very much in doubt.

A businessman bought into several troubled rural banks. He then used the banks as his vehicle for collecting people’s deposits. He used the same formula – off market deposit rates – to entice depositors, including religious organizations and educational institutions. This operator then siphoned off the deposits and used them for his other businesses. The unsafe and unsound business practices led to the closure of the banks by the Bangko Sentral. Some of the depositors whose deposits were covered by the Philippine Deposit Insurance C or p orat ion were able to recover their investments. Others, who invested beyond the PDIC coverage, were not so lucky. The scheming businessman die d of a lingering illness even before he went to trial. O t h e r s c a m s d o n’t necessarily involve money. A retired police officer

was watching TV at his sala when a well-dressed visitor knocked at his door one day. The visitor introduced himself and announced that a relative of the retiree had sent the latter a huge flatscreen TV . The TV was just awaiting to be picked up at their office. In a voice loud enough to be heard by the house helps, the visitor announced: Tamang tama sir. Dapat na pa lang palitan ninyo itong TV ninyo. The visitor gave the retired police officer their office address and left. Excited, the retiree hurriedly dressed up to claim the newly-arrived TV. Five minutes, later, the visitor returned and asked the housemaid to turn over to him the officer’s TV. “Sabi ng Sir ninyo, hindi na raw niya kailangan itong TV. Mayroon nang bago at mas malaki na darating.” The retiree later learned Double/PAGE 11

That’s not a bad idea have my say

klaus doring Very often - sometimes too often! - the thought is back! If we wake up in the morning (or even many times in the middle of the night), the thought is back. Sometimes, the thought will not let us sleep. The “act of thinking”, the “reflection”, the “opinion” or the “serious consideration”, no matter, how we describe it - our

memory and conscience is always with us as a permanent companion. We brood over unsettled problem. Sometimes, we bear unfair treatments, arrogance, ignorance, incompetent know-it-all-betters, and unbearable oddballs, who inexorable love to make our life a hell while living themselves a disorderly life. We would not like to be distracted, but we’re toying with some good ideas how we could throw overboard all that “human garbage”. What will come next is a matter of conjecture. Of course, I’ve got my ideas, but I’m not a mind reader. Too many trains of thought make us thoughtless and absent-minded especially in difficult and

important daily life situations. Does waiting and/or sleeping solve our problems? Or is it just again in time? Our life’s central idea should not be, that while waiting, time solves all our problems. Thoughts should intensify, condense and deepen plans follow by actions. It’s good and helpful to carry thoughts in us all the time. Incomprehensible, or better unfinished and unmatured thoughts, no matter whether positive or negative, should be slept on, before tiredness outstrips us with supersonic speed. Sometimes, we feel that our thoughts and ideas can’t be fulfilled with life. Where the heart is willing, it will find a thousand ways; but where the heart is weak, it

will find a thousands excuses. If doubts begin to take roots, we should rouse from pinktinted idealism or wear down and annihilate nightmares and erase and wipe out such thoughts and ideas. If our thoughts are good and have the chance to be fulfilled in action, especially if “the other side” is prepared and willing to step on to such a bridge of life, we might get a support and words of encouragement. And, if not? No action? Maybe it is God’s will to keep and protect us f rom a c are l e s s , r a s h , disadvantageous and uneasy ac tion. Ever y ne w day gives us new inexhaustible possibilities to survive, to bear trials and to start a new idea/PAGE 9

CorporateWorld 5 Auto sales down by 8.5% in Q1 2018 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Monday|April 16, 2018

M

OTOR vehicle sales declined by 8.5 percent in the first quarter of 2018 with only 86,037 units sold from 94,026 units during the same period last year according to the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and

Truck Manufacturers Association (TMA). Total vehicle sales in March 2018 alone fell by 22.8 percent to 28,216 units this year from 36,561 units in the same month last year, the industry groups further revealed. Sales of passenger car and commercial vehicle segments both declined

The function of education By LOURELEI JOY M. APALLA Teacher I Lala National High School Lala, Maranding, Lanao del Norte

PE R HA P S t h e m o st important function of education is socialization. If children need to learn the norms, values and skills they need to function in society, then education is a primary vehicle for such learning. Functional theory stresses the functions that education serves in fulfilling a society’s various needs. Schools teach the three Rs as we all know but they also teach many of the socieyt’s norms and values. These norms and values include respect for authority, patriotism, punctuality, individualism and competition. Regarding these last two values, students from an early age compete as individuals over grades and other rewards.

In other countries such as Japan, children learn the traditional Japanese values of harmony and group belonging from their schooling. They learn to value their membership in their homeroom and are evaluated more on their group performance rather than on their own individual performance. A s e c ond f u nc t i on of education is social integration. For a society to work, functionalists say that people must subscribe to a common set of beliefs and values. The development of such common views was a goal of the system free compulsory education that developed in the 19th century.

last month. Passenger cars sold 10,925 units in March 2018, is lower by 7.8 percent from 11,853 units in March 2017. Likewise, sales of commercial vehicles dropped 30 percent to 17,291 units last month from 24,708 units in March of the previous year. Sales of Asian utility vehicles (AUVs) and light commercial vehicles

(LCVs) both registered double-digit decrements of 43.7 percent and 25.2 percent, respectively, with unit sales declined to 3,899 for AUVs and 12,171 for LCVs. In truck segment, trucks and buses categories four and five posted increments while light trucks declined its sales by 38.1 percent to 628 units last month from 1,014 units in March 2017.

Sales of trucks and buses category four increased by 15.1 percent to 420 units in March 2018 from 365 units in the same month of the previous year. Likewise, trucks and buses category five sales rose 26.3 percent to 173 units last month from 137 units sold a year ago. It was in February that the auto manufacturers registered its first

decrement in sales this year as the market is adjusting to the new tax reform program rolled out at the start of the year, according to CAMPI President Rommel Gutierrez. “The decline in sales in the first quarter of 2018 is not unexpected. The impact of the change in excise tax rates under the TRAIN (Tax Reform sales/PAGE 9

Phinma forays into downstream oil industry PHINMA ENERGY Corp. is entering the downstream oil industry, initially catering to the fuel requirement of its own diesel plants, through subsidiary One Subic Oil Distribution Corp., company officials told stockholders on Wednesday. Francisco L. Viray, Phinma Energy president

and chief executive officer, said the company had signed a memorandum of agreement with the Subic Bay Metropolitan Authority to extend the lease of the 116-megawatt (MW) One Subic Power Generation Corp. for 10 years. Mariejo P. Bautista, senior vice-president for finance and controller,

said the tank being used by One Subic Power would be used for the company’s foray into the downstream oil industry. The tanks have a capacity of 16 million liters of bunker fuel, which is used by the power plant. Ms. Bautista said the depot’s expected volume this year is 50 million liters.

“Most of it is own-use,” she said, adding that the power plant uses bunker fuel. Ms. Bautista said the move to enter the downstream oil industry is to avoid the margins added to what it pays to existing suppliers because of the imposition of excise tax on the fuel. forays/PAGE 9

JG Summit Holdings, Inc., the flagship of the Gokongwei group, reported a 169 percent surge in consolidated attributable net income to P29.37 billion last year from the P10.92 billion

earned in 2016. In a disclosure to the Philippine Stock Exchange, the firm said the jump in profit is due to the impairment losses recorded in 2016 totaling P16.71 billion primarily

from the decline in market value of the Group’s investment in PLDT. The Group’s consolidated core net income after taxes (excluding non-operating and nonrecurring items)

amounted to P29.56 billion in 2017, relatively flat from P29.97 billion in 2016. This is primarily because of the lower net income of its airline business which was income/PAGE 9

JG Summit income surges to P29.4 B

6

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

Monday|April 16, 2018

Sikat ka Higala By SHERYL MACALE

The role of education By LOURELEI JOY M. APALLA Teacher I Lala National High School Lala, Maranding, Lanao del Norte

E D U C AT I O N s h o u l d be a means to empower children and adults alike to become active participants in the transformation of their societies. Learning should also focus on the values, attitudes and behaviors which enable individuals to learn to live together in a world characterized by diversity and pluralism. Education also ensures equality of opportunity for members of all racial, national or ethnic groups. To realize this, t h e Un it e d Nat i on s created an agency called UNESCO or the United Na t i o n s E d u c a t o i n a l , Scientific and Cultural Organization. It s m a n d a t e i s t o contribute to peace and security by promoting

collaboration among nations through education, science and culture in order to further universal respect for justice, for the rule of law and for the human rights and fundamental freedoms which are affirmed for the peoples of the world without distinction of race, sex, language or religion. Since its inception, UNESCO has upheld its commitment to this mandate by mobilizing the scientific community to refute the concept of the race. As a result, a s e r i e s of d e c l ar at i ons that included the declaration on race and racial prejudice in 1978 produced which helped to revoke unfounded racial prejudices. Life battles are never ending in fact,no matter how good you tr y,you always fall back sometimes even get trampled by so many struggles at times you found yourself scavenging for answers if you are built and made to be strong enough.Frankly my life is no different than yours, in fact I had been through so much I just want to end it. When I was in New York,you do not understand the people out there are as cold as the winter,their words could be a lot more harsh than the snow and their friendship is more freezing than the storm.It is true that depression is so ordinar y there that your family cannot even be there to tell you its alright. Those dark times i was only able to call God.He sent me to the Rock Church Ministries and gave me hope.I found a leaflet under a rock when i was cr ying asking God send me a sign that you still have a purpose in my life.My family was away specially my children and it killed ever y second of my life.Family is so important to me that it nearly ended me.When I came home life was a lot easier,when I got reunited with my children it was such a relief indeed their arms around me was my home. This was 2014 of April 2nd exactly my birthday.Recently I turned 43 I look back now then i begin to smile that I made it through all this years and this is because I found God.Going back to my old job as an anchor,DJ,writer/columnist brought me back to life.I am ME again.I had to established back in the industr y it was not easy i started from the bottom and slowly made my way up.Slowly I gained friends I gained back my confidence that America has shut down. I lost control out there but here I gained control.When you have no friends or even a family that you can turn to you fall on a quick sand it eats you and they rule you like the devil takes control of your Soul. Yes i sur vived. Today my column will revolved on the people that made my life so meaningful True friends who never left me,friends that remained faithful.Like a steady wind that gives me a good course,that sailing on a rough sea is a lot smoother when you have a good unit of people.These are people that inspired me and help me through each year who never withers,neither weaver just still.I thank my Children JJ,Louise and Kate.My husband Alex who came around perfect when my heart was shattered and brought it back whole again.Bucket O' Shrimp Iron woman Elvira Go who gave a big birthday bash,COCPO IO good friend Mardi Hortillosa, Ladelle of COWD, May Curiano of NGCP, Raypon Puto, Ric Bacarisas of Rickys Kakanin,Marco Angelo of SM,Ivy of SM,Bam Of Apple Tree Resorts and Hotel and to all my fans,and listeners all god friends who greeted me on my Birthday Cheers.Special thanks to Liza Sansuan.And to the general Manager of Limketkai Luxe Hotel Jerome dela Fuente and Marketing manager Mai Sison for the surprise birthday Dinner.I love you All.To God be the Glor y.I am Blessed.

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

Monday|April 16, 2018

Banking&Finance

Budget chief eyes 7% Q1 GDP growth

B

UDGET and Management Secretary Benjamin Diokno is optimistic for a seven percent growth of the Philippine economy in the first quarter of 2018, which falls within the lower end of government’s seven to eight percent 2018-2022 growth target. “We plan to grow at around seven to eight percent. More like seven (percent) so let’s shoot for seven (percent) at the moment,” he said in his weekly Breakfast with Ben briefing Wednesday. Growth drivers would be the strong expansion of both the government

revenues and spending, he said. Data released by the Department of Budget and Management (DBM) Wednesday showed that expenditures rose by 26 percent year-on-year as of end-February 2018 to P469 billion from year-ago’s P373.7 billion. Last February alone, government spending amounted to P240.3 billion, up by 37 percent compared to the P175.6 billion spent on the same month in 2017. Spending on infrastructure and other capital outlays as of last January reached P43.3 billion, up 25.2 percent

than year-ago’s P34.5 billion. Diokno attributed this to the Duterte administration’s expansive infrastructure program dubbed “Build, Build, Build”, underwhich about P1 trillion is scheduled to be spent annually until 2022. These include projects of the Department of Public Works and Highways (DPWH) such as school buildings, flood control and mitigation projects and Lahar control works in Central Luzon among others. “We still have eight months to go. And this is not going to be finished

within one year so as long as we are addressing the Right of Way issues, the construction , we have already identified the contractors, I think it’s easy to catch up,” he said. Since 2017, the government has adopted a one-year validity for budget allocation to encourage agencies to spend their funds within the year instead of extending project implementation to the following year, which is the practice in the past. This scheme was targeted to address underspending. Diokno disclosed that as of end-March this year budget/PAGE 9

UnionBank sees growth in retail banking UNIONBANK of the Philippines (UnionBank) said that retail banking will continue to grow as more Filipinos enter the work force. UnionBank President and Chief Executive Officer Edwin R. Bautista said the country’s growing population will continue to boost retail banking. “The bigger influence in our growth moving forward is population growth — the [demographic] sweet spot,” Mr. Bautista said last week. A demographic sweet spot is a period where a chunk of a country’s population is already in the work force.

This means that more young people will be working. This earning capacity makes the local market more attractive. “We have one of the most perfect combinations of demographics, growth rate and low base. Our productive work force is growing at a rate of 3-4%. Which means that, 18 years ago, our [population growth] was in that range… Now it’s paying off,” Mr. Bautista added. “There’s still a lot of room to grow. What’s important is that the economy will not overheat along the way.” Mr. Bautista added that due to rising

household incomes as a result of the growing work force, financial products such as loans and insurance are in demand. “That’s why insurance is hot, credit cards, cars and personal loans will be hot. Consumer [banking] will [continue to] be hot — that’s why that’s going to be a battlefield.” With the foreseen growth in retail banking, Mr. Bautista said doing business digitally is necessary in order to remain relevant. “The question is, will you still be approaching it the old-fashioned way of selling it in your branch, or you’ll find the customers in the

digital space? That’s the behavior now,” he added, noting that customers are now reluctant to go to bank branches since transactions such as availing car loans and providing signatures can be done digitally. In a previous forum, Mr. Bautista said a bank should operate as an “IT (information technology) company with a banking franchise” to keep up with the times. UnionBank logged a lower net income in 2017 despite positive recurring income across all its business segments. It earned P8.4 billion last year, down by 16.9% from the P10.1 billion in 2016.

National ID to address money laundering THE proposed national identification (ID) system can help address the money laundering problem, Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said. During a panel discussion at the Chamber of Thrift Banks (CTB) convention in Makati Shangri La Tuesday, the central bank chief said the proposed unified ID system “is a major project

that directly supports our aspiration to pave a more digital economy.” “And I can tell you that the BSP has been a major partner in promoting the adoption of what we call a ‘foundational biometric ID system’,” he said. The House of Representatives approved on third and final reading its version of the proposed national ID system in September 2017 while the Senate approved its own

Socialization of students

By LOURELEI JOY M. APALLA Teacher I Lala National High School Lala, Maranding, Lanao del Norte

SOCIALIZATION mostly involves how children play and get along with each other. We think of recess when considering socialization. It is how a child interacts with their peers. We wonder how much socialization children miss when they don’t get recess for instance.

version in March this year. “There’s a meeting of the minds between the two Houses and we expect the Bicameral Conference Committee to happen next month,” Espenilla said, citing that the proposal has been certified as urgent by President Rodrigo R. Duterte. “Our great expectation is that we will have finally a proper national ID law as early as next month,” he said.

Public schools can go a long way towards bringing children together and socialization seems c r it i c a l for s o c i e t y i n general but some parents don’t like socialization in public schools. They don’t believe it’s necessary for good schooling.

Parents who look to public schools to help students with socialization approve for the following reasons: Children learn about others who may be different from themselves. Students learn about the world and other cultures. Teen academic success can be connected to peer acceptance involving socialization. Children may gain skills for their future occupation and working

The program has been given a Php2 billion allocation under the 2018 national budget and the fund was approved under the budget of the Philippine Statistics Authority (PSA). Espenilla said discussions on the implementation of the ID system started last week, pointing out that “you can tell from all of these that this is serious initiative laundering/PAGE 9

with others. Socialization in school may lead t students being more politically aware later in life. Extracurricular and sports activities are v a lu e d . Ma ny p a re nt s appreciate the diversity of children mixing together no mater their backgrouns. Chilldren learn cognitive skills as they socialize. Some believe socialization in public school strengthens the democracy.

7 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

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558 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

SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774 SECURITY BANK- LKK Limketkai | 8801258/8801625

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 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

8

Commitment fulfilled:

Billboard

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

Monday|April 16, 2018

Another man-made forest sprouting in MisOr soon

O

NE of the prime commitments of the Gotianunled FDC Utilities, Inc. (FDCUI) is the establishment of a manmade forest in Misamis Oriental which will soon be realized, as FDC Misamis Power Corporation (FDC Misamis), a whollyowned subsidiary of FDCUI, recently inked a Memorandum of Agreement (MOA) with the Department of Environment and Natural Resources - Environmental Management Bureau (DENR-EMB) in Region 10 and Barangay Sambulawan for the firm’s Carbon Sink Program. The first phase will be sprouting within a 20-hectare land area in Barangay Sambulawan, El Salvador City. The primary purpose of the project is to help sequester carbon emission to maintain the air quality

in the province. “This is more than just for compliance purposes,” stressed FDCUI President

Long-time Isuzu dealer principal, GENCARS Inc. participates in the 2018 Manila International Auto Show and highlights the recently introduced - Isuzu mu-X with RZ4E engine. On April 5-8, Isuzu GENCARS headed by its President Edgard Cabangon, presented to the public the latest variants of Isuzu mu-X with the new innovative RZ4E engine, alongside the LimitedEdition Isuzu D-MAX X-Series and Isuzu mu-X LUXE. “We are very proud to be participating in the 2018 MIAS, of course to launch to the public our latest Isuzu mu-X variants powered by the new RZ4E

engine,” said Cabangon. “This new engine is not only design to provide optimized power, but is also tested to provide better fuel economy,” he added. The new Isuzu RZ4E Blue Power engine is set to replace Isuzu’s existing 2.5-liter variants and will be made available first to the Isuzu mu-X and later will be introduced to the D-MAX model. With a smaller displacement of 1,898-liters, the new RZ4E engine is capable to produce maximum power of 150 PS at 3,600 rpm and a maximum torque of 350 N-m from 1,800-2,600 rpm – and is EURO 4

and Chief Executive Officer Juan Eugenio L. Roxas, referring to one of the conditions stipulated

in the Environmental Compliance Certificate (ECC) granted by DENREMB to FDC Misamis for

operating a 3 x 135-MW circulating fluidized bed thermal coal power plant in Villanueva town.

MOA SIGNING. Dr. Sabdullah Abubacar - DENR-EMB R10 director, Mr. Juan L. Roxas – FDCUI President and CEO and Paul Valmoria – Brgy. Sambulawan chairman, show the signed Memorandum of Agreement for the FDC Misamis Carbon Sink Program. Acting as witnesses behind are (L-R) Myrna Neri (CENRO), Dr. Aldrich Resma (PENRO), Mike Mosley (FDC Misamis Consulting Plant Manager), Atty. Rufus Rodriguez, Luis Lagarnia (FDC Misamis Plant Manager) and Dr. Cesar Nuevo.

“Rather, the project, along with other social development programs the company is implementing, is FDC’s simple way of giving back to Mindanao.” CRUCIAL DENR-EMB Region 10 Director Sabdullah Abubacar tagged the program as a crucial one at the height of President Duterte’s administration. President Duterte, underscored Abubacar, really wanted to industrialize the country but, at the same time, address global warming. “FDC Misamis’ carbon sink program, therefore, is a manifestation of the firm’s real commitment to provide the power Mindanao much needed, but with intent to reduce carbon footprints in the country by 70 percent.” Dubbed as the “Environmental Guru” of Mindanao, Abubacar said that, in the entire country, it is in his “turf ” sprouting/PAGE 11

Isuzu GENCARS highlights Isuzu mu-X with RZ4E at the 2018 MIAS compliant. With four years of test and development, and 200 new engine components installed, the new RZ4E engine boasts excellent fuel economy as tested by the company. During the test conducted under the supervision and verification of the Automobile Association Philippines (AAP), following the Department of Energy (DOE) testing parameters and standards; the Isuzu mu-X RZ4E LS-A MT records 37.27 km/l which is up to 14.32% improvement from the 2.5-liter variant (32.60 km/l), while the Isuzu mu-X RZ4E LS-A AT logs

a total of 35.80 km/l that is up to 48.36% higher than the 2.5-liter variant (24.13 km/l).

Early education equals a lifetime of opportunity By LOURELEI JOY M. APALLA Teacher I Lala National High School Lala, Maranding, Lanao del Norte

A child’s most important steps happen before they set foot in a primary school. By their fifth birthday, their brain will already be 90 percent developed and the foundations for success at school and in later life will be in place.

However, despite all the evidence that pre-primary education is vital, millions of children continue to miss out on the chance of a great start in life. Access to preprimary education continues to be a lottery, dependent on where a child is born.

In 2016, World Bank experts said money spent on early childhood development is the smartest investment a country can make. If a child gets the health care, nutrition, affection, stimulation and education that she needs, the gains she makes in those early years are hers for life. But research published recently reveals that aid is missing out education for

young children. Despite increases in funding for early childhood development, just one percent of aid for undersixies goes to education, putting millions of children at a disadvantage before they even start primary school. Support for learning is the best investment a government can make for the child, their community and country.

“The introduction of the new Isuzu mu-X RZ4E variants are a very welcome addition to the already strong line-up of our SUV model. Its excellent fuel economy coupled with the comfort and convenience of the mu-X makes it even better for the family,” said Cabangon. The new Isuzu mu-X RZ4E variants are available in five dynamic color options; Havana Brown, Cosmic Black, Obsidian Gray, Titanium Silver, and Silky Pearl White. Prices are set at P 1,395,000 for the Isuzu mu-X RZ4E 4x2 LS MT, P 1,570,000

for the mu-X RZ4E 4x2 LS-A MT and P 1,595,000 for the Isuzu mu-X RZ4E 4x2 LS-A AT. An additional P10K will be added to vehicle price for the Silky Pearl White LS-A units only. Isuzu GENCARS Inc. also announces that it will offer P5,000 worth of fuel card and PMS coupons exclusive to all visitors of the Isuzu booth that will purchase a unit from April 5 to June 30, 2018 at any Isuzu GENCARS branches located in Makati, Batangas, Batangas City, San Pablo, Santa Rosa, Naga, and Legazpi City.

9

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

Monday|April 16, 2018

Idea... from page 4

beginning. We overlook and fail to notice many chances in lie through our sluggishness and laziness while thinking and dreaming of unequaled and unfulfilled ideas. And, my dear readers: As we all know - our time on earth is limited... . +++ Email: doringklaus@gmail. com or follow me in Facebook, LinkedIn or Twitter or visit www.germanexpatinthephilippines.blogspot.com or www. klausdoringsclassicalmusic. blogspot.com.

Sales... from page 5

for Acceleration and Inclusion) law was anticipated for this particular period. We remain confident that market will improve in the coming months,” said Guiterrez. Meanwhile, three out of five top-selling car companies in the country registered decrements in their sales in Q1 2018, which include Toyota Motors Philippines Corp., with sales declined by 15.4 percent but remains to be the market leader; Ford Motor Company Phils., Inc. at rank three, with sales down by 17 percent; and Honda Cars Philippines, Inc. at rank four, with sales dropped by 16 percent. Mitsubishi Motors Philippines Corp at rank two and Nissan Philippines, Inc., posted growth of 18.4 percent and 9.6 percent, respectively. (PNA)

Forays... from page 5

She noted the power plant does not utilize the tanks’ full capacity, thus the plan to use it to store bunker fuel for the company’s own use. “We might as well use those tanks. We bought the shares of that company that operates that power plant,” she said. In 2017, Phinma Energy had a total attributable capacity of 636.4 MW, slightly lower than the 639.4 MW in 2016, Mr. Viray told stockholders. He said Phinma Energy was looking at projects that would diversify its generation portfolio to include gas and hydropower. Three projects under study are combined cycle gas turbine (CCGT) plants, including the 383-MW Sta. Ana CCGT power plant in Port Irene, Sta. Ana, Cagayan; the 383-MW Sual CCGT floating power plant in Brgy. Baquioen, Sual, Pangasinan; and the 138-MW Argao floating CCGT power plant in Brgy. Bulasa, Argao, Cebu. A fourth project under study is the 21.6-MW Ilog hydroelectric power plant in Mabinay, Negros Oriental.

Income... from page 5

affected by the rise in fuel prices, offset by the doubledigit income growth in the petrochemicals business and increase in equity earnings from associates. These associates are

led by United Industrial Corporation Limited (UIC), Manila Electric Company ( Me r a l c o ) a n d G l o b a l Business Power Corporation (GBPC). Consolidated revenues grew 13.7 percent from P240.50 billion in 2016 to P273.45 billion in 2017 due to the strong performance of its core subsidiaries. Un ive rs a l R obi n a Corporation’s total revenues increased by 11.0 percent to P125.01 billion driven by the 30.1 percent increase in branded consumer food group’s international sales and 33.6 percent sales growth of the sugar business. JG Petrochemicals Group revenues increased by 42.4 percent to P41.41 billion in 2017 due to higher sales volume and average selling price of polymers and olefins. C e bu Pa c i f i c’s tot a l revenues went up by 9.9 percent to P68.03 billion in 2017 mainly due to a 3.2 percent growth in passenger volume and 3.8 percent increase in average fares.

Budget... from page 7

DBM has released P3.165 trillion or 84 percent of this year’s P3.767 trillion obligation budget to the agencies. “This is an improvement from the previous year where only 79.9 percent of the P3.35 trillion budget was released in the same period,” he said. The balance of 16 percent is accounted for by lumpsum funds such as calamity fund and some miscellaneous personnel benefit fund, which will only be released once needs arise and upon submission of special budget request and other necessary documents, he said. “This show that fiscal program of the national government is on track backed by strong performance in both government spending and revenue collections...We are optimistic that we will cut down underspending even further from 2.4 percent last year,” he added. (PNA) Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City JOSEPH AGURA

CASE NO. R10-EV-TX 2018-04-1196

NOTICE OF HEARING APPLICANT(s)/ PETITIONER(s) request/s authority to Extend the validity of Certificate of Public Convenience to operate AIRCON TAXI service on the line: WITHIN CAGAYAN DE ORO CITY AND FROM SAID PLACE TO ANY POINT IN REGION X AND VICE VERSA with the use of ONE (1) unit/s. This application/petition shall be considered by this Board on April 19, 2018 at 2:30 P.M. at this Board on whice date Applicant(s)/ Petitioner(s) shall formally submit his/her/their evidence. The Applicant(s)/Petitioner(s) shall publish said notice at least FIVE (5) DAYS prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(s) opposed to the approval/granting of the application/petition must file his/her/theor written opposition with supporting documents, unless this Board deems it necessary to require additional documentary evidence and/or his/ her/their oral testimony(s). N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 12th day of April 2018 at Cagayan de Oro City, Philippines.

(Sgd.) AMINODEN D. GURO Regional Director bwm: April 16, 2018

Laundering...

DTI, DOST team-up to expand MSME market reach online

from page 7

and it will happen sooner rather than later.” He said the central bank is “ready to recognize the national ID, once it’s in place, to replace all other IDs that we currently require from our customers...purposes.” “It will solve or it will address many of the money laundering compliance. So there’s many issues that can be resolved. It will also facilitate the acquisition of customers from a distance,” he said. “ We h a v e g r e a t expectations in the BSP and we can assure you that we are ready to move forward quickly with this foundational biometric ID system. I hope it doesn’t get any political derails. We really need it. We’re probably the only one in ASEAN who doesn’t have one just yet. It’s time again to move forward with this,” he stressed. The central bank chief clarified that there is no need for an immediate distribution of physical ID to all Filipinos and resident foreigners under this program.

The Department of Trade and Industry (DTI) and the Department of Science and Technology (DOST) are teaming up to help micro, small and medium enterprises (MSMEs) expand their market reach online through the OneSTore.ph platform. The OneSTore.ph is a first government e-commerce platform dedicated to marketing high-quality Filipino products of MSMEs through the worldwide web by “bringing quality products at Filipino doorsteps. Under the OneSTore.ph agreement, DTI will Promote the oneSTore.ph to MSMEs through Negosyo Centers as a platform where they can market their products on “What we are building is not really a physical ID. This is basically an identification system. It is gonna b e platform-based and digitallyenabled,” he said, citing that the “real authenticity of the

line. DTI will also make Negosyo Centers accessible to clients of DOST and allow clients to display and dispatch their products with its payment and logistic partners in One Town One Product (OTOP) Philippines HubStores. The One Town, One Product (OTOP) Philippines is DTI’s collaborative program with national government agencies and local government units as a customized intervention to level up the products of various localities and drive inclusive local economic growth. DOST, on the other hand, will develop and maintain oneSTore.ph where

its accredited Regional Hubs and MSMEs may sell products and services to its clients and engage with payment and logistics partners and provide better oneSTore.ph services to its accredited Regional Hubs, MSMEs and its partner agencies. DOST will also provide priority to jointly identified OTOP products for product development initiatives including improvements in packaging and labeling, subsidy or discounts in testing fees, equipment support such as the Small Enterprise Technology Upgrading Program, and strengthen research and development efforts. (DTI10/PIA-10)

information is the biometrics that are verifiable digitally.” Under the proposal, all 10 fingerprints and irises of each citizen will b e scanned for the ID system and a randomly-generated

ID number will be assigned to them for life. The physical ID will come later and banks will eventually be required to have their biometrics reader, Espenilla added. (PNA)

Supreme Court of the Philippines Judicial and Bar Council Manila

ANNOUNCEMENT The Judicial and Bar Council (JBC) announces the opining, for application or recommendation, of judgeship positions in Judicial Regions IX-XII: REGION IX Basilan MTCC , Isabela City MTCC, Lamitan City Sulu RTC,Br.4 Parang- 1st MCTC, Indanan-Parang- Maimbong-Talipao 2nd MCTC,Patikul-Panamao- Marungas-Pangutaran-New Panamoc 3rd MCTC, Luuk-Kalingalan- Caluang 4th MCTC,Siasi-Tapul-Lugus- Pandami-Pata-Tongkil MTC, Jolo Tawi-Tawi 1st MCTC, Simunul-BalimbingPanglima-Sugala 3rd MCTC, Tandubas-South Ubian-Sapa-Sapa 5th MCTC,Bangao-Languyan Zamboanga del Norte 2nd MCTC, New Piñan-La Libertad 4th MCTC, Siocon-Baliguian- Siraway MTC, Mutia MTC,Manuel A. Roxas MTC,Sibuco Zamboanga del Sur RTC, Br, 22, Pagadian City - Special Court for Family Cases 9th MCTC,Labangan-Tukuran MTC, Aurora MTC, Manicahan-Taluksangay MTCC, Br. 2 Pagadian City Zamboanga Sibugay RTC,Br. 31, Imelda RTC, Br. 37, Ipil Unorganized Court (UC) 1st MCTC, Ipil-Tungawan- Roseller Lim- to be vacated Due to compulsory retirement (CR) on 5/27/18 2nd MCTC, Naga-Titay 4th MCTC, Olutanga- Mabuhay-Talusan 12th MCTC, Imelda- Malangas-Dilpahan REGION X Agusan del Norte RTC, Br, 4, Butuan City - Special Court for Environmental Cases 2nd MCTC, Tubay- Santiago BWM: April 16, 2018

Agusan del Sur MTC, Prosperidad Bukidnon RTC, Br. 10, Malaybalay – UC Special Court for Enviromental Cases RTC, Br. 47, Malaybalay- UC RTC, Br. 48, Malaybalay- UC 1st MCTC, Talakag-Malitbog- Baungon MTC, Quezon Camiguin 1st MCTC, Mahinog-Guinsiliban 2nd MCTC, Catarman-Sabay MTC,Mambaja – to be vacated due to CR on 9/30/18 Dinagat Island RTC, Br. 32, San Jose 2nd MCTC Loreto- Libjo(Albor)- Tubajon Misamis Occidental RTC, Br. 35, Ozamis City RTC, Br. 36, Calamba 2nd MCTC, Sapang Dalaga- Concepcion 4th MCTC, Jemenez-Sinacaban-to be vacated due to CR on 4/3/18 5th MCTC,Clarin-Tudela MTCC, Br. 2, Oroquieta City MTCC, Tangub City- to be vacated due to CR on 3/31/18 MTC, Plaridel Misamis Oriental RTc, Br. 17, Cagayan de Oro City Election Court for Municipal Officials; to be vacated due to CR on 10/27/18 RTC, Br. 26, Medina MTC, Magsaysay 3rd MCTC, Kinoguitan- Sugbongcogon 9th MCTC, Laguindingan-Gitagum Surigao del Norte 2nd MCTC, Sison-Taganaan 6th MCTC, Dapa-Socorro REGION XI Davao del Norte MTCC, Br. 1 Island Garden City of Samal MTCC, Br. 2, Island Garden City of Samal MTCC, Panabo City Davao del Sur 1st MCTC, Bansalan-Magsaysay MCTCC, Br. 1 Davao City- Pilot Court for Small Claims Cases MTCC, Br. 4 Davao City- Special Court for Tax Cases

Davao Oriental MTc, San Isidro Sarangani RTC, Br. 49, Alabel-(UC) South Cotabato RTC, Br.24, Koronadal City RTC, Br.25, Korondal City RTC, Br.55, General Santos City MTC, Tampakan Surigao del Sur RTC, Br.46, Bislig City- (UC) 2nd MCTC, Lanuza-Cortes-MadridCarmen 3rd MCTC, Tago-San Miguel 6th MCTC, Barobo-Lianga REGION XII Lanao del Norte RTC, Br. 3, Iligan City –Election Court for Municipal Officials RTC, Br. 7, Tubod MCTC, Sapad-Nunungan 2nd.MCTC,Linamon-Matungo-Tagoloan 5th MCTC, Kolambugan-Tangcal Lanao del Sur RTC, Br. 8, Marawi City- Special Court for Commerial Cases 2nd MCTC, Balindong-Tugaya-Bacolod Grande-Madalum 5th MCTC, Bayang-Tubaya-Bacolod Butig –Lumbatan-MarogongLumbayanagui 6th MCTC, Poona-Bayabao-Masiu Tamparan-Taraka MTC, Calanogas North Cotabato RTC, Br. 18, Midsayap RTC, Br. 22, Kabacan 6th MCTC, President Roxas- AntipasArakan MTC, Magpet Maguindanao RTC, Br.13, Cotabato City- to be vocated due to CR on 11/17/18 RTC, Br. 14 Cotabato City- Special Court for Agrarian Cases 1st MCTC, Parang-Matanong-BuldonBarira 2nd MCTC, Datu Odin Sinsuat-Datu Piang-Talayan 3rd MCTC, Ampatuan-Sultan-Datu Sa Barongis 4th MCTC,Pagalungan-Buluan-PandagMangudadatu-Datu Paglas MTC, Kabuntalan MTC, Shariff Aguak (Maganoy) Sultan Kudarat RTC, Br.25, Kalamansig MTC, Palimbang

BusinessWeek MINDANAO CREDIBLE

www.businessweekmindanao.com

RELIABLE

feature

IN-DEPTH

Monday|April 16, 2018

10

KAAMULAN RODEO FESTIVAL 2018

Features: IMPASUGONG

“Home of the Finest Cowboys in the Country” L

By Joe Palabao

ast March 21-22 one of the highlights of the grandest Kaamulan Festival was the “ Kaamulan Rodeo Festival 2018 hosted by the first class Municipality of Impasugong, “The Home of the Finest Cowboys in the Country” and the Tribal Capital of Bukidnon held at Sumpong Grandstand, Malaybalay City chaired by a millennial, respected and dynamic Hon. Mayor Anthony A. Uy-Impasugong Tribal Capital of Bukidnon. For two days, Kaamulan Rodeo Sports Festival 2018 showcased different Rodeo Tournaments such as Steer Wrestling, professional “Bakero” cowboys wrestling the cows, the Barrel Ride participated in the beautiful cowgirls wherein they have to run and turned around the barrels without being touched by the Swift but fast movement of the cows. Rodeo Karambola participated in by the youth of different munipalities and barangays of Bukidnon, breakaway roofing (two pairs cowboy rides) roofing and Lazooing the cows without hurting them. and the Bull Ride wherein a cowboy has to go with the tide of motions of the cows be it slow, fast, wild and semi-wild movement of the cow till the cowboys drop to the ground. Movements has to be sustained for eight (8) seconds. Indeed it’s an exhilarating and exciting scene to see. Del Monte Philippines supplied the cows being used for the exciting Rodeo Tournaments. Participants were coming from different

companies, Municipalities and Zubros Cowboys Team, Libona, Impasugong were the leading teams and others dominating the Rodeo Sportsfest Festival. Rodeo is a competitive sport that arouse out of the working practices of cattle herding in Spain, Mexico, US, Australia and New Zealand and other countries in the world. In the Philippines, RODEO or “BAKERO” , cattie herding in common in the Province of Masbate “Rodeo” Capital of the Country and of this writing Masbate is having their Rodeo Sports Festival Tournament Festival with Leon Miguel-a multi awarded international indie film actor and here in Bukidnon he is an adopted son of the Manobo based in a Paratuan Ritual. The beautuful Province of Bukidnon is the Rodeo Sports Festival Capital of Mindanao having thousands of hectares for cattle grazing and herding. And Impasugong having almost a thousand hectares for cattle grazing and herding and expert and experience herders is considered in Bukidnon and Mindanao as “The Home of the Finest Cowboys in the Country” today. With the Department of Tourism drive for Sustainable Tourism Development for Farm Tourism Destination in the country Kaamulan Rodeo Sports Festival is considered to a Farm Tourism Festival Destination someday. KUDOS Municipality of Impasugong “The Home of the Finest Cowboys in the Country” and Emerging Farm Tourism Destination in Mindanao.

11

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

Monday|April 16, 2018

Camiguin... from page 1

In 2017, t here were 568,649 visitors in Camiguin. This pales to the millions of visitors that Boracay, a world-renowned destination, had achieved year-on-year Un c h u a n s a i d t h a t Camiguin has three resorts catering to high-end tourists – Bahay Bakasyonan, Balay sa Baybay and Paras Beach Resort, totaling less than a hundred rooms. Combining all other places to spend for a night along with home stays, Camiguin has more than 200 rooms. “These already consist accommodations for the middle class, for the barkada rooms and for backpackers,” Unchuan said. “But in terms of cuisine, they have a lot of diverse gourmet like French, Vi e t n a m e s e a n d ot h e r specialty restaurants,” she added. “And their hospitality field is one of the best because all the resorts’ staff are well trained.” Earlier, Romualdo issued a statement enticing visitors to stay the summer in Camiguin if their Boracay bookings have been canceled.

Projects... from page 1

a developed Bangsamoro,” he said. Supported by development partners Australia, Canada, European Union, Sweden, New Zealand, and the United States, the 12-year-old MTF consolidates international development assistance for the socioeconomic recovery of the communities affected by armed conflict. Established in 2006, the MTF-Reconstruction and Development Project implemented 573 projects, including infrastructure, livelihood, and literacy program in 315 conflictaffected areas across 75 municipalities with a funding support from development partners reaching P1.4 billion, according to the OPAPP statement. MILF peace implementing p an e l c h ai r Mo h a g h e r Iqbal said the efforts of government and development partners in supporting the development in Bangsamoro “reinforce people’s trust on the Bangsamoro peace process and the passage of the Bangsamoro Basic Law.” The MTF also supports projects in six acknowledged MILF camps such as Abubakar, Omar, Rajamuda, Badre, Bushra, and Bilal. Mara K. Warwick, World Bank Country Director for Brunei, Malaysia, Philippines and Thailand, said they are committed to support efforts to develop Mindanao because greater economic opportunity and access to basic services foster hope in conflict-affected areas. The WB-funded Mindanao Jobs Report said about 60 percent of residents in conflict-affected areas live below the poverty line and the “reputational damage” caused by security concerns slowed down growth even in

unaffected areas by limiting investment and tourism revenues. The study said the decades-old armed conflicts in Mindanao affected 62 percent of the island’s total population, dampened efforts to reduce poverty level, and kept the businesses smallscale and small farmers at subsistence level to “avoid kidnap and extortion.” It added that areas known to be unaffected by violence “bear the fiscal burden of coping with displaced persons.” Citing the United Nations High Commissioner for Refugees, the study said that nearly a million residents were displaced due to a series of armed clashes in August 2014, displacing 41 percent of the population of the five-province Autonomous Region in Muslim Mindanao ( A R M M ) and a dj a c e nt provinces. It further said that residents from BaSulTa (Basilan, Sulu, Tawi-Tawi) in ARMM and Central Mindanao migrated in 2015 to safer areas in the Philippines and estimated that around 470,000 Filipinos went to neighboring Sabah, Malaysia, of whom 25 percent are considered “stateless” with no birth certificates or passports to prove their nationality, reducing “their access to jobs and services and increases their vulnerability to exploitation.” (Antonio L. Colina IV / MindaNews)

Sprouting... from page 8

that carbon sink programs prosper. BIG HELP For Sambulawan’s Punong Barangay Paul Valmoria,

the project would be a big help as it does not only ensure the community’s healthy environment, but likewise can bring economic developments beneficial to his constituents. This, as FDC Misamis also envisions to make the area not just a carbon sink forest per se but as potential watershed or natural park that can be a source of clean potable water. The management of FDC Misamis considers the MOA signing as a milestone as it signifies the firm’s sincerity and commitment to mitigate greenhouse gas emissions and a reiteration of its purpose to spur development in Mindanao. Valmoria added he is indeed gratef u l to FDC M i s a m i s for c ho o s i n g t he i r b a r a n g ay a s t he host communit y to t his noteworthy endeavor. “We will try our best. We will help you. We will be visible in the community,” assured Roxas.

Fisherfolk... from page 2

BFAR-ARMM Regional Director Janice DesamitoMusali led the turnover ceremony held at the Marawi City hall that was attended by registered local fisher folks and local officials led by Mayor Majul Usman Gandamra. “It is important that we help our fisher folks by empowering them, not by spoon feeding them because I don’t believe that a real fisher folk will starve,” Musali said in her speech. Meanwhile, Mayor Gandamra thanked BFARARMM, emphasizing how

the fishing inputs can support t he ir l o c a l f ishe r fol ks’ livelihood and assured that these equipments will be well taken cared of as the city’s rehabilitation continues. (BFAR-ARMM)

Hurst... from page 4

Sincerely ask Jesus to forgive you for your past wrongs, and to take full charge so He can start changing your life. Then with His power and help you can start living His way every day. Jesus will even take all the bad things from your past and start mixing them together so that in the end they can actually benefit you. Then instead of being guilty and ruined by those things anymore, you’ll thank God for forgiving you and using those lessons to change you into a much better, happier person. Just Think a Minute …

PATROCINIO PELIGRO SAYSON, JR., -

from page 4

Ginseng has several proven qualities: improves mood and mental functions, improves brain function, it has antiinflammatory properties, helps with weight loss, treats sexual dysfunction, improves lung function, lowers blood and sugar levels, prevents cancer, boosts immune system and relieve menopause symptoms. Korea continues to be the largest provider of ginseng and China the largest consumer. Ginseng cultivated in Korea is classified into three types, depending on how it is processed. Fresh ginseng is less than four years old while white ginseng is between four and six years old. Korean ginseng, anyone? (ruffy44_ph2000@yahoo.com)

SPEC.PROC.CASE NO. SP ORD 2017-217

Petitioner,

Versus -

REPUBLIC OF THE PHILIPPINES MUNICIPAL TRIAL COURT IN CITIES TENTH JUDICIAL REGION BRANCH 1 CAGAYAN DE ORO CITY Land Reg. Case No. LRC-C16-MAY-004 LRARecordNo.-ORD-2017000106 NOTICE OF INITIAL HEARING To the Hon. Solicitor General, Office of the Solicitor General, 134 Amorsolo St., Legaspi Village, Makati City; the Director, Land Management Bureau, Escolta, Manila; the Regional Director, Region X-DENR, Cagayan de oro City; the Hon. Secretary, Department of Public Works and Highways, Bonifacio Drive, Port Area, Manila; the Hon. Secretary, Department of Agrarian Reform, PTA Bldg., Elliptical Road, Diliman, the Director, Forest Management Bureau, Visayas Avenue, Diliman, both in Quezon City, Metro Manila; the Provincial Governor, the Provincial Prosecutor, the General Services Officer, the Provincial Engineer, the Public Works and Highways District Engineer, all in Cagayan de Oro City; the CENR Officer, CENRO, Land Management Sector, Upper Malasag, Cugman, Cagayan de Oro City; the City Mayor, the City Counsil, the City Prosecutor, the City Treasurer, the City; RJ Tanginto Real Properties, Zone 1 Diversion Road, Bayabas, Cagayan de Oro City; Megdonio Bacal, Patag,. Cagayan de Oro City; Provincial Road, c/o the Provincial District Engineer, Cagayan de Oro City; AND TO ALL WHOM IT MAY CONCERN: An application having been filed in the above entitled case by ROGER G. TAN, married to Jocelyn D. Tan, Sta. Cecilia Subdivision, Cagayan de Oro City, thru Atty. Francis U. Ku and Associates, 3rd Floor, St. Gregory Bldg., 6th corner 17th Sts. Nazareth, 9000 Cagayan de Oro City by Atty. Francis U. Ku. A parcel of land (Plan Ap-10-003272, Lot 119, Cad-237, Cagayan Cadestre), situated in Barangay of Carmen, City of Cagayan de Oro, Island of Mindanao. Bounded on the E., along line 4-5 by Provincial Road; in the S ., along line 5-1 by Lot 120; on the W., along line 1-2 by Lot 124; along line 2-3 by Lot 125 and on the line 3-4 by Lot 118, all cad-237, Cagayan Cadestre. Beginning at the point marked “1” on the plan being S. 69 deg. 18’W., 31.20 m. from BLLM No. 4, Cad-237, Cagayan Cad. To corner “1” of Lots: THENCE: 1-2 N. 00 deg. 10 E., 680 m. 2-3 N. 01 deg. 23 W., 15.68 m. 3-4 S. 87 deg. 09 E., 18.47 m. 4-5 S. 00 deg. 58 E., 21.47 m. 5-1 S. 89 deg. 43 W., 18.45 m.

Land Reg. Case No. LRC-C-16-MAY-004 LRA Record No. E-ORD-2017000106

ORDER This is a Petition for Correction of Entry in the Certificate of Live Birth of Patrocinio Peligro Sayson, Jr., alleging, among others, that petitioner was born in Cagayan de Oro City, on February 20 1976, from parentsspouses Patrocinio Sayson Sr. and Elizebeth Peligro; that in his Certificate of Live Birth, the date of his birth was erroneously entered as February 20,1981, instead of February 20, 1976; that to correct the said error, the petitioner applied for late registration of his birth with the local Civil Registrar of Cagayan de Oro City, which application was granted;that when petitioner requested for an authenticated copy of his Certificate of Live Birth from Philippine Statistis Office (PSA), he discovered that the erroneous entry of his birthdate still remains. Thus this petition. This Petition well be called foe initial hearing on May 3, 2018, at 8:30 o’ clock in the morning, during which the jurisdictional requirements of publication, posting and notice to all person who have interests which would be effected by this petition, will be proved. At the expense of the Petitioner, let this Order be published once a week for three(3) consecutive weeks in a weeks in a newspaper of general circulation in the City of Cagayan de Oro, and in the province of Misamis Oriental. Futher, let this Order, together with copies of the Second Amended Petition and its annexes, be posted before the initial hearing at the Bulletin Boards of this Court, City Hall of Cagayan de Oro City, Provincial Capitol of Misamis Oriental, and the Barangay Hall of the barangay where the Petitioner is residing. Any interested person may, within fifteen (15) days from notice hereof, file an Opposition to the Petition. Let a copy each of this Order be funished to the Petitioners, Atty. Mario Paul A. Labis, counsel for petitioners, Office of the Solicitor General, and the Local Civil Registrar of Cagayan de Oro City. SO ORDERED ISSUED this 8th day of March,2018 at Cagayan de Oro City, Philippines.

BWM: April 16, 23 & 30, 2018

that no person by the name of his caller worked in the address given to him. The ret ire e was s o embarrassed by what happened that he did not bother to have the case blottered. He should be. He used to be a police criminal investigator. It is good to be reminded, once again, of this wise counsel: “Ang naghahanap ng kagitna, isang salop ang nawawala.” Winners and losers Regardless of how the peso moves, there will be winners and losers. Who will benefit from a weak peso? The dollar earners like OFWs, BPOs and exporters.

Who will be adversely affected? The importers, travelers and those with dollar-denominated obligations. All things considered, it will be positive for the gover nment, according to Budget Secretary Ben Diokno. Customs collections are bound to increase because of the weak peso. What about the g ov e r n m e nt’s f o r e i g n obligations? The good news is that over the years, the government has deliberately decreased its reliance on foreign borrowings. That should be positive for the national government. Note: You may email us at totingbunye2000@gmail. com. You may also like us on Facebook at “Speaking Out”.

beginning, containing an area of FOUR HUNDRED FOUR (404) SQUARE METERS, more or less. All points referred to are indicated on the plan and marked on the ground as follow: All corners are ‘’BL’’ cyl. cons. mons. 15 x 60 cms. Bearing true; date of Origianl Survey October 24, 1928 and that of the preparation January 9, 2015, executed by Alexander S. Ello, Geodetic Engineer and approved on February 16, 2015.

THE LOCAL CIVIL REGISTRAR OF CAGAYAN DE ORO CITY AND THE NATIONAL STATISTICS OFFICE, Respondent. X- - - - - - - - - - - - - - - - - - - - - - - /

from page 4

Ginseng...

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region BRANCH 24 Cagayan de Oro City IN THE MATTER OF THE PETITION FOR THE CORRECTION OF ENTRY IN THE CERTIFICATE OF LIVE BIRTH OF PATROCINIO PELIGRO SAYSON,JR.,

Double...

(Sgd.) HENRY B. DAMASING Presiding Judge

You are hereby served this notice to appear before this court at its session to be held at Municipal Trial Court in Cities, Branch 1, Cagayan de Oro City, Philippines, on the 29th day of May, 2018 at 8:30 o’clock in the morning, then and there to present such claim as you may have to said land or any portion thereof and to submit evidence in support of such claim and unless you appear at said court at the time and place aforesaid, your default will be recorded and the title to the land will be adjudicated and determined in accordance with law and the evidence before the court, and thereafter you will forever be barred from contesting said application (petition) or any decree entered thereon. Witness, the HON. CESAR A. MERLAS, Presiding Judge of said Court, on the 22nd day of August, 2017. Issued at Quezon City, Philippines, this 27th day of February, 2018. ATTEST: RENATO D. BERMEJO Administrator Land Registration Authority By: JOEL MARI MARTIN M. BIGORNIA Chief, Docket Division BWM: April 16, 23 & 30, 2018

12

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

Monday|April 16, 2018

Congratulations!

Dhaneanne Marie Lloren Chan First Honors | Senior High School | Xavier University

Daughter of Man of Vision Hon. Mayor Donato 'Dandan' N. Chan and Marriane Khu Lloren Chan, Chairperson of Municipal Tourism Development Council of Medina