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Volume IV, No. 90

Market Indicators

As of 5:56 pm Apr. 15, 2014 (Tuesday)

FOREX

PHISIX

US$1 = P44.49

6,589.55 points

7.41 points

X

3.5 cents

X

Briefly Banana exports DAVAO City -- Banana exporters are looking at new markets for Cavendish bananas in anticipation of a possible production surplus, once the industry recovers by the end of this year from the destruction of typhoon Pablo in 2012. “Most of the banana growers in the region expect a surplus and are looking at new markets to combat a possible drop in the price of bananas,” Stephen A. Antig, executive director of Pilipino Banana Growers and Exporters Association, Inc. (PBGEA), said. The most likely options are the growing economies of Kazakhstan, Kurdistan and Kyrgyzstan.

Oil palm investor DAVAO del Norte – A Thai palm oil investor is looking at the province as the next location of their milling factory in the Philippines. Univanich Palm Oil Public Company Limited based in Thailand through Geoffrey Logan, the managing director of its subsidiary company in North Cotabato, presented on April 3 to Governor Rodolfo del Rosario their plan to expand its operation in Mindanao and was examining the potentials of the province to boost up their production in palm oil. Logan said that the Univanich will establish at least three 60-tonner palm oil mills in Mindanao and one of which might be placed in the province of Davao del Norte. Logan added that adjacent to the mill, the company will also put up a biogas plant, which can generate power of up to 2 megawatts of renewable from the waste water of the mill.

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Single investment area for BIMP-EAGA mulled L

By CARMELITO Q. FRANCISCO Correspondent

EADERS of the Brunei, Indonesia, Malaysia, Philippines -- East ASEAN Growth Area (BIMP-EAGA) will discuss the possibility of turning the subregion into a single investment area when they meet here in the last week of October.

PILGRIMS. Thousands of devotees flock each year for a pilgrimade to Our Lady of Guadalupe in Igbalalay Hills, Balubal, Cagayan de Oro City. bwm file photo

In a statement released on Monday, the Mindanao Development Authority (MinDA), which serves as the Philippine coordinating office for the sub-region, said the event will gather business sector stakeholders and will also host the Indonesia, Malaysia, Thailand Growth Triangle Fair, an event to lure investors to the sub-region. “While b oth growth triangles have their respective road maps, this

convergence will enhance our competitiveness by turning BIMP-EAGA into a single investment area and production network, thereby a c c e l e r at i n g e c on om i c growth in Southeast Asia,” said Luwalhati R. Antonino, MinDA chairwoman. B o t h e v e nt s a r e i n preparation for the economic integration of the Association of Southeast Asian Nations (ASEAN) next year. investments/PAGE 11

NorMin generates P8.3-B investments in 4Q of 2013 By APIPA P. BAGUMBARAN, Contributor with Philippine News Agency

REVENUE collections of the government’s tax collection a g e n c i e s i n No r t h e r n Mindanao totaled Php 14.84 billion in 2013, the National Economic and Development Authority (NEDA) said on Monday. C e c i l i o C l arete, t he NEDA’s economic specialist, said that the income taxes accounted for the largest share of the region’s total tax collections with a share of Php 5.18 billion or about 63 percent of the region’s total revenue collections. He said that the Bureau of Internal Revenue (BIR)

AboitizPower eyes Mt. Apo resources

in Northern Mindanao also contributed a total of Php 8.15 billion, up 15 percent from the Php 7.12 billion tax collected in 2012. Clarete said that BIR in Cagayan De Oro City remains the top revenue collector with Php 4.58 billion or 56 percent of the total tax collected in Northern Mindanao. The Revenue District in Iligan City also emerged as the top growth performer, posting the highest increase in tax collections at 23 percent from Php1.13 billion in 2012 to Php1.38 billion in 2013, generates/PAGE 11

BANGUS CAGES. A fisherman rows out from a bangus fish cage at the Mariculture Park in Balingasag town, Misamis Oriental on April 15, 2014. A red tide slaughtered thousands of bangus fry at the park early this month. Balingasag officials invited investors and the media to a bangus feast to boost sales on their affected industry. mindanews photo by froilan gallardo

By CARMELITO Q. FRANCISCO Correspondent

DAVAO City -- Aside from building a 645-megawatt (MW) coal-fired plant, Ab oit i z Powe r C or p. aboitiz/PAGE 11

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CdO implements market re-sectioning

TO ensure orderliness while selling their products, the Cagayan de Oro City Economic Enterprise Department, headed by CEED Manager Engr. Peter Abejuela, divided the 1,316 vendors at Cogon Market’s second floor into seven blocks as it introduced the re-sectioning system. Fruit vendors are now occupying the first block; second up to fifth

blocks for fruits section; sixth block for food condiments; and assorted items and products for the seventh block. The re-sectioning system is part of City Mayor Oscar Moreno’s move to introduce reforms in the operations of the city’s public markets to make these facilities attractive and conducive to the buying public.

Economy

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Fortinet Announces Full Support for AscenLink Product Line TAIPEI, Taiwan, Fortinet® (NASDAQ: FTNT) − a world leader in high-performance network security – today announced that the postsales support infrastructure for the AscenLink link load balancing products it recently acquired has been fully set up, and is ready to service new customers globally. Existing users of AscenLink should contact their local Fortinet distributors and resellers to register their products and sign up for FortiCare support services, which will be brought online this month. These Fortinet partners will also be the contact points for purchase of AscenLink products. In today’s enterprise environment where data centers and branch offices need high performance coupled with strong security, application delivery and security must work handin-hand to ensure quality of service while still preventing attacks. AscenLink’s link load balancing technologies is a mature solution with link tunneling, QoS and o t h e r WA N - f o c u s e d features, and complements Fortinet’s solutions and platform offerings for branch,

enterprise and data center environments. In October 2013, Fortinet introduced this new line of products under the Fortinet name “Fortinet AscenLink”, as part of Fortinet’s application delivery network (ADN) solution suite, which includes the FortiADC and FortiBalancer application delivery controllers and the FortiDirector global server load balancing service. AscenLink is an edge server appliance deployed on the border between enterprise intranets (LANs) and the Internet (WAN). It merges multiple WAN links into virtual pipes to deliver bandwidth aggregation and WAN fault tolerance for faster and more reliable application delivery. AscenLink delivers unmatched price/ performance by integrating multiple low cost WAN links to perform on par with expensive leased lines. It effectively reduces ISP subscriber charges to a fraction of a leased line rental, while creating carrier-class network reliability. Fortinet offers three models − the AscenLink 700, 5000 and 6000 − each with different

bandwidth licensing options to deliver speeds up to 3 Gbps. George Chang, Fortinet’s VP for Southeast Asia & Hong Kong, said: “We are delighted that Fortinet’s FortiCare support for AscenLink users have been fully set up. We look forward to providing customers with the same high standards of services associated with the rest of our Fortinet solutions, and allowing them to benefit from industry-leading security and networking solutions to take their business to the next level.” About Fortinet For t i n e t ( NA SDAQ : FTNT) helps protect networks, users and data from continually evolving threats. As a global leader in high-performance network security, we enable businesses and governments to consolidate and integrate stand-alone technologies without suffering p er for mance p ena lt ies. Unlike costly, inflexible and low-performance alternatives, Fortinet solutions empower customers to embrace new technologies and business opportunities while protecting essential systems and content. Learn more at

www.fortinet.com. Copyright © 2014 Fortinet, Inc. All rights reserved. The symbols ® and ™ denote respectively federally registered trademarks and unregistered trademarks of Fortinet, Inc., its subsidiaries and affiliates. Fortinet’s trademarks include, but are not limited to, the following: Fortinet, FortiGate, FortiGuard, FortiManager, For t i Mai l, For t i C l i e nt , FortiCare, FortiAnalyzer, FortiReporter, FortiOS, Fo r t i A S I C , Fo r t i Wi F i , For tiSwitch, For tiVoIP, FortiBIOS, FortiLog, FortiResponse, FortiCarrier, FortiScan, FortiAP, FortiDB, FortiVoice and FortiWeb. Other trademarks belong to their respective owners. Fortinet has not i nd e p e nd e nt ly ve r i f i e d statements or certifications herein attributed to third parties, and Fortinet does not independently endorse such statements. Notwithstanding anything to the contrar y herein, nothing herein constitutes a warranty, guarantee, binding specification or other binding commitment by Fortinet, and performance and other fortinet/PAGE 11

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DTC’s Quad Core Series: Merging Style, Power and Affordability DTC, one of the top-leading low cost global mobile manufacturers, ushers 2014 with a full-on campaign for its high-performing Android quad core series, which features 3 smartphones. Heading the line-up is the newly released DTC GT15 Fiesta, released by DTC in 2013 (following the GT10 Bullet). The DTC Fiesta showcases a QHD TFT display, plus quad band frequency that makes it compatible to a wide range of locations worldwide. DTC’s latest quad core smartphones include the 5.3inch (QHD) GT 12 Nick Plus, and the 4.7-inch (OGS IPS) GT17 Jupiter, which at only 9.3mm thin, is the slimmest smartphone in the country. Fusing an array of impressive specs, stylish design and affordability, DTC’s quad core series boasts an elevated smart media experience for practical

mobile users. All three devices pack powerful features that ensure smooth and speedy processing, longer usage and improved multimedia performance. These include heavy-duty 1.2GHz quad core processors that are complemented by 1 GB of RAM. Internal storage has been expanded to 4 GB to accommodate more applications - upgradable to 32 GB via an external micro SD card slot. Each kit comes with a long-lasting 2500mAh battery to support multimedia applications for long hours. DTC’s quad core devices are WiFi and 3G-ready for unlimited Web connections even in locations where WiFi is out of range. All ship with Android Jellybean OS, allowing user access to thousands of free and premium applications on Google Play Store. GPS has also been integrated for better on-the-road

navigation. Mounted on the front is a 2mp camera and at the back, a 13mp camera with auto focus. The enhanced resolution promises clearer and crisper online chat, selfies and videos. Standard features include Bluetooth, multimedia and multilanguage support and DTC’s signature dual SIM/ dual standby configuration, a feature that has been integrated in all DTC phones since the company’s launch in 2011. Social media applications such as Facebook come pre-installed too. The DTC Jupiter, Nick Plus and Fiesta are available at all major malls, Mega One outlets and retailers nationwide for P6,990, P7,990, and P8,888 respectively. To know more about DTC’s products and services, visit their official website at www.dtcmobile. com.ph.

Megaworld’s profit up by 22% to P9.03B in 2013 Strong residential sales, high rental income boost company’s profit

Megaworld Corporation, the Philippines’ leading property developer and the no. 1 office developer and landlord, posted a net income of P9.03-billion (inclusive of P760-M non-recurring gain) in 2013, 22 percent higher than in 2012 due to strong residential sales from its various townships, particularly in Newport City, Uptown Bonifacio, McKinley Hill and Eastwood City; and higher leasing income from its office and retail portfolio. In 2012, the company posted P7.41-billion net income

that was also attributed to strong sales from its residential segment. “The country’s strong and stable economy as well as the continuous growth of the BPO sector have propelled our growth in 2013. Last year was another banner year for Megaworld,” says Dr. Andrew L. Tan, chairman and CEO, Megaworld. Total revenues of Megaworld, together with its subsidiaries Empire East Land Holdings and Suntrust Properties, amounted megaworld/PAGE 9


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Banking&Finance

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BIR falls short of February budget deficit narrows, 1Q collection target as government spending slows sharply

THE Bureau of Internal Revenue (BIR) fell short of its collection goal last month, causing the agency, which accounts for at least 70 percent of government revenues, to miss its firstquarter target. In a s t at e m e nt , t h e bureau said it collected P82.18 billion in March, almost a tenth higher than the amount raised in the same month last year. But this is five percent below the agency’s P87.270 billion target for March. Adding the P182.529 billion raised in the January to Februar y period, the BIR collected P264.709 billion in the first three months of the year, or six percent shy of the agency’s P 2 8 2 . 3 3 9 bi l l i on f i r s t quarter collection goal. T h e L arge Ta x p aye r

Service raised half of the bureau’s tax take last month at P47.12 billion, which was 9.4 percent more than what it collected a year ago. Tax collection shortfalls c re at e bu d g e t d e f i c it s , forcing the government to b or row mone y s o it has enough to finance its expenditures. Borrowings however inflate the c o u n t r y ’s d e b t , w h i c h taxpayers eventually pay for. T h e g o v e r n m e n t ’s b u d g e t d e f i c it s w e l l e d by 40 percent to P43.936 bi l lion in t he f irst two months of this year from P 3 1 . 2 8 0 bi l l i on i n t h e same period last year. This was after it spent more mone y last Januar y for the rehabilitation of areas de vast ate d by Typho on Yolanda.

THE Philippines’ budget deficit in February narrowed f rom a year ago, after government spending slowed sharply that month. In a st ate me nt , t he Department of Finance (DOF) said the national government incurred a deficit of P9.7 billion in the second month of the year. This was 17 percent lower than the fiscal gap recorded a year ago. Helping nar row t he February deficit was a seven percent year-on-year increase in revenues to P120.3 billion, which was faster than the five percent increment in expenditures to P130 billion. Despite the slower rise in expenditures, revenues still lagged government spending, thus the deficit. The February fiscal gap brought the year-to-date

Bureau of Customs (BOC) to P27.4 billion, the second month in a row of above-20 percent growth. “The President’s Customs Reform Program continues to unlock the growth potential of the Bureau of Customs, and is a continuing narrative of how good governance translates i nto go o d e conomi cs,” Finance Secretary Cesar V. Purisima said. The reform program is being undertaken by the new Customs chief John Philip Sevilla, a former f inance unders ecretar y who was tapped to head the controversial bureau after his predecessor, Rufino Biazon, stepped down from office amid corruption charges. In spite of Customs’ rebound, the Bureau of Internal Revenue (BIR) still accounted for bulk of revenues at P78.4 billion in February, an eight percent year-on-year increase. Engr. Deal Noel D. Benegrado CEO of MSU-IIT National Multipurpose Cooperative, smiles as he announce the But what largely explains successful one year anniversary of their cooperative branch located at San Pedro St. Davao city, together with the improvement in the fiscal OIC Manager Madam Joan Bongaos-Lubaton as they explain to the Media, regular forum at kapehan sa Homitori numbers for February was Davao City, about the fruitful story of MSU-IIT NMPC as been recall one year ago.

figure to P43.9 billion. Fueling the increase in revenues was a 22 percent jump in collection by the

the sharp deceleration in government spending to five percent from January’s 16 percent increase. The government spent P183 billion at the start of the year, as it ramped up expenditures for the rehabi lit at i on of are as devastated by Typhoon Yolanda. A month later, spending however fell to P130 billion. Interest payments likewise fell to P15.9 billion in Februar y from P56.5 billion the previous month. As a result, the government enjoyed a primary surplus of P6.1 billion last February, bringing the year-to-date figure to P28.4 billion. “Given proactive liability management ef for ts of government, interest p ay m e nt s i n Fe br u ar y decreased by 11 percent compared to the same period last year,” Purisima said, adding that this spending item fell to 23 percent of total expenditures so far this year from 26 percent last year.

BSP keeps $200-M overseas investments THE Bangko Sentral ng Pilipinas (BSP) is maintaining its $200-million participation in the Asian Bond Fund (ABF), according to a report. The BSP said it is also expanding its reserves diversification program by purchasing more bonds traded in the offshore market. The Monetary Board, the central bank’s policy-making arm, likewise gave the approval to look for additional external fund managers to manage its foreign funds and capital. “(The BSP) has sent request for proposals for new external mandates to prospective external fund managers, which are aimed at further diversifying the international reserves,” the report said. The BSP has been engaging in a continued process of reviewing its foreign asset diversification strategy, especially investments in emerging market debt (EMD). It had considered increasing its EMD investments by $500 million to take advantage of yields. The central bank’s treasury

department has been reviewing various ways to enhance the country’s asset portfolio such as in the ABF and EMD. The ABF includes the EMEAP (Executives’ Meeting of the East Asia-Pacific Central Banks) ABF1 which have exposures in a basket of dollar-denominated bonds issued by sovereigns in Asia, and the ABF2 which is a Pan Asian bond fund with several single market funds or bond exchange traded indices. T he BSP s ai d i n the report that it has implemented measures to ensure the safety and diversification of the country’s international reserve assets. Some of these measures include investments in the US inflation-linked bonds and the Asian local-currency bond mandates. Last November, 2013, the BSP started buying RMB bonds and earlier in April, it received an approved quota for the interbank bond market from the People’s Bank of China.


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Live Before You Leave

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hink a minute…They say, “The greatest risk is not taking one.” Why is it when we grow up and become adults, we stop sticking our necks out and taking chances? Yet, at the end of our life, we’ll probably regret the things we did not do more than the things we did. Remember all the new things in life you learned to do that were big risks the first time you did them? Your first time to swim, your first time to ride a bicycle, your first time to drive a car. Some of the things we do all the time now seemed almost impossible before we did them the first time. The great French leader, Napolean, said: “The word impossible is found only in the dictionary of fools and failures.” So ask yourself: “Is the word impossible in the dictionary of my life?” Do you say “I can’t” more often than you say “I can?” Sometimes “you have to go out on a limb if you want to get the best fruit!” We h a v e t o l e a r n to be comfortable with uncomfortable challenges, because we can’t discover new oceans unless we’ve got the courage to lose sight of the shore. We need to believe that the best jobs haven’t been found yet, and the best work hasn’t been done yet. But we can’t have the life we want if we don’t change the life we have. A successful woman said: “A bad habit never goes

THINK

A Minute

By Jhan Tiafau Hurst

away by itself; it’s always an undo-it-yourself project.” Smart people sometimes change their minds—but fools never do. So we have to leave our comfort zone if we want to reach a new kind of success. Don’t allow yourself to be buried alive in your comfort zone, like many people do. It’s OK to use your comfort zone to rest in, but not to live in. So after you’ve recharged your energy, leave your comfort zone to move on to your next challenge. Remember, God never puts limits on your faith, so your faith should never put limits on Him. Faith is not afraid of failing; faith is afraid of not even trying. So why not ask Jesus Christ to give you His faith and power to step out and start changing your life today? If you ask Him to take charge, then He will help you fully live your life—before you leave it. Just Think a Minute…

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Land Ownership In The Philippines

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decided to move to Davao City for good. I consider the Philippines as one of the most livable places in the world - a long time before reaching my pensioner’s age. One important thing has to be discussed before: Where would my family and I live? Of course, in our very own house and land. How could this work? My wife, a Filipina, is now a naturalized German citizen. Can she - or, could she acquire and own land in the Philippines? YES, naturalborn Filipinos, who have acquired foreign citizenship, can still own land in the Philippines - but within the limits specified by law. Article XII, Section 8 of the Philippine Constitution provides, that a natural-born citizen of the Philippines, who

has lost his or her Philippine citizenship, may be a transferee of private lands, subject to limitations by law. Article XII, Section 7 entitles Filipinos to own and acquire lands through hereditary succession, i.e. by virtue of inheritance from a blood relation. The laws on land ownership by natural-born Filipinos, who have lost their Philippine citizenship, are governed by the Batas Pambansa Blg. 185, which was enacted in March 1982, and by Republic Act 8179, which amended the Foreign Investment Act of 1991. BP 185 stipulates the guidelines on land ownership for purposes of establishment of residence with a maximum area of 1,000 square meters forurban land and maximum area of one hectare for rural

land. RA 8179, Section 10 specifies entitlements and condition for land acquisition for investment purposes with a maximum area of 5,000 square meters for urban land and a maximum area of three hectares for rural land. Another important question came up: Do the rules and regulations on land ownership and acquistion also apply to individuals having dual citizenship? Well, as provided under the 1987 Philippine Constitution, a Filipino citizen is entitled to purchase land and other properties and engage in business. There is no limit in terms of area or size of land and real property, he/ she could acquire/purchase under his/her name. This right would now apply to former

H ave M y Say

By Klaus Doring

natural-born Filipinos, who have re-acquired Philippine Citizenship under Republic Act 9225. Fact is, and this is very important and understanding: Foreigners can’t own land in the Philippines. Our Philippine spouse can do it. In addition: honestly, I do not have a problem with it!

Roxas Must Cut Off Ties With PNoy

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IFE’S INSPIRATION: “…`Can we find anyone like this man, one in whom is the spirit of God?’ ” (Genesis 41:38, the Holy Bible). -ooo PNOY UNDERMINING ROXAS 2016 RUN: Whether they will care to admit it or not, the consistent denials by President Aquino and by Presidential spokespersons Edwin Lacierda and Abigail Valte, that Interior and Local Government Secretary Mar Roxas will be the Liberal Party’s candidate for president in 2016 have the effect of sidelining Roxas once again and fatally undermining his chances of becoming president. With all those denials, given right away after each and every referral to Roxas by Transp or t at ion and Communications Secretary Joseph Emilio Abaya as “President Mar”, Roxas’ chances of becoming the 2016 standard bearer of his own party and of ultimately

becoming president of the c ou nt r y are b e c om i ng hopelessly doomed and jettisoned forever, even before he could even formally declare his interest to run. Fac t is , t he d e n i a ls constitute proof that Roxas is not going to be Aquino’s choice in 2016. The denials are making Roxas a lameduck politician, who should not be touched with a ten-foot pole. Maybe, what Roxas should do now is to have the Liberal Party expel the President and Lacierda and Valte from its rooster of membership, so they could stop cutting him down. -ooo HISTORY REPEATING ITSELF: If we are to be truthful about it, it looks like history is repeating itself all over again. In 1992, the administration party then, Laban ng Demokratikong Partido (or LDP), thought its chairman and recognized leader, then President Cory Aquino, would anoint the

front-running LDP aspirant for the presidency at that time, in the person of the late House Speaker and Palawan Rep. Ramon Mitra. In fact, in private and public conversations, Mitra w as a l re a dy s ay i ng he would be the one that Cory would anoint to become her successor, considering that it was he who dutifully and forcefully acted as a whip among lawmakers at that time to make sure they fully supported her legislative agenda. Mitra was even Cory’s mouthpiece during the times that coup attempts were launched against her. Yet, it was not Mitra who was chosen by Cory to succeed her. She defied LDP’s endorsement of Mitra and instead chose then Defense Secretary Fidel Valdez Ramos to be her candidate for the 1992 presidential elections, who went on to become president. It appears this is going to happen again, as far as the present President

K akampi

Mo A ng Batas

By Atty. Batas Mauricio

Aquino and R oxas are concerned. -ooo ROX AS MUST CUT OFF TIES WITH PNOY: To prevent this from happening once more, a determined Roxas must cut off, at this stage, his political ties with Aquino. He must now assert his supremacy as the real Liberal Party head, and start marshalling its membership and resources, without the aid of Aquino, around his desire to become LP standard batas/PAGE 9

Newness Of Life

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his is what we can expect with the celebration of Easter. We are made new! We have a new life. We are actually made a new creature. The old man in us is buried. A new man is formed in each one of us! This is because Christ has risen. With his resurrection, he has conquered sin and death. He died for us, so we can rise with him. The sting of our death has been taken away, and is replaced with the saving resurrection of Christ who shares it with us. That’s the marvelous exchange we sing about in the Easter hymn of the Exsultet. Thus, if we unite ourselves with him and die with him-a dying that can take many forms before it takes on the ultimate form-we will also

rise with him. Everything, in the reality presented to us by our Christian faith, will be new. It’s a beautiful truth that should be engraved deep in our mind and heart “I make all things new,” (Rev 21,5) Let’s be reassured of this very consoling truth of our faith. The same truth is reiterated by St. Paul: “If any be in Christ a new creature, the old things are passed away. Behold all things are made new.” (2 Cor 5,17) We may not know the mechanics of how this is to take place, but this is what our faith tells us, and so we believe. It’s a mysterious gift from God, first of all, and being a gift, we usually do not bother ourselves about the technical details about

it. Ours is simply to receive it, ever grateful and seeing to it that we take care of the gift. This does not mean that we have nothing to do with this affair. Though gratuitous, this tremendous gift of a new life ought somehow to be deserved. Christ himself said so in so many words: “New wine is not put into old wineskins…new wine is put into new wineskins, and both are preserved.” (Mt 9,17) We would do well to really live in intimate union with Christ. That is how, as a love song beautifully expresses it, we can keep the music playing, how we can keep the song from fading too fast, how we cannot run out of new things to say.

HINTS

and

Traces

By Fr. Roy Cimagala

St. Paul puts it very bluntly in his Letter to the Romans. “Purge out the old leaven, that you may be a new paste.” (1 Cor 5,7) In the mind of St. Paul, this is how we may be like the “unleavened bread of sincerity and truth.” This can mean many cimagala/PAGE 11


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SP PASSES RESOLUTION SUPPORTING THE LEGALIZATION OF ‘HABAL-HABAL’ MISAMIS ORIENTAL – The Sangguniang Panlalawigan, headed by VICE GOVERNOR JOEY G. PELAEZ, passed a resolution supporting the legalization of the operations of motorcycles-for-hire, commonly known as habalhabal. Authored by Hon. Board Member Jabi I. Bernaldez of the 1st District of Misamis Oriental, the resolution supports to the legislative measure introduced by C ongressman Henr y S. Oaminal of the 2nd district of Misamis Occidental legalizing the operations of motorcyclesfor-hire or more popularly known as habal-habal. According to B oard Member Bernaldez, the general public have been using motorcycles-for-hire or habal-habal as a mode of transportation in our country, especially in the far-flung and rugged barangays and countryside because it can maneuver through rough,

narrow, and steep terrains. Despite the lack of reg u l at i ons on and government recognition of the operations of habal-habal, the riding public patronizes the service it provides because it can penetrate the farthest barangay which other modes of transportation cannot. By legalizing the operations of habal-habal, it will secure and ensure the safety and rights of the riding public as the same will be regulated by the Local Government Units (LGU) concerned, Vice Governor Pelaez observes. To p r e v e n t a n d / o r minimize the occurrence of habal-habal related accidents, it should be registered and proper regulations should be imposed to warrant compliance with road safety measures. The operator and/or driver should also be required to comply with the necessary documents/ requirements prescribed by the Land Transportation Office

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MISAMIS ORIENTAL – The Sangguniang Panlalawigan (SP) in action during the 9th Regular Session held at BSP Building. In this session, the SP approved the resolution supporting the legalization of operating the habal-habal in the Philippines.

(LTO) and LGU concerned prior to the issuance of permit to operate for their respective municipality or city and shall

obtain an insurance coverage for passengers and compulsory third party liability (CTPL) in order to safeguard the

safety of the passengers, Vice Governor Pelaez adds. The resolution was passed during the 9th Regular

Session of the Sangguniang Panlalawigan of Misamis Oriental held last March 3, 2014.

PASYON: Philippine Religious Drama Aesthetics

which is true to the source. The translation is the author’s ascribed as part of ‘powerful rework that emerges his own events in community life.’ understanding about Jesus. These performances are still However, Javellana pointed mounted during Holy Week out that Cebuano Pasyon like that of The Xavier Stage, lacks aral which is the spine Ang Pasyon ni Hesukristo that points out the value of which is on April 16-17, 2014 faithfulness and repentance. at the Xavier University Little The lack of aral makes Theater. These influences the Cebuano Pasyon lacks are successful points for coherence and ‘emotional the Spaniards to introduce retelling as it is in the Tagalog Christianity in the Philippines. text.’ As it is noted, the Philippines Pasyon is not only recited, is Asia’s predominantly but it is also performed as Christian or Catholic country. a content of the senakulo O n e r e m a r k a b l e performances. These performance during Holy performances contribute to The Xavier Stage. Photo by Shaun Alejandrae Uy Week is the recitation of the definition of the Filipino as the Pasyon usually during a religious community. One Good Friday as this is the may ask, what identifies the emphasized the women of Jesus…’ On the other mentioned that the Filipinos day when Christ suffered and Filipino with the recitations who sing the Pasyon have hand, one may notice why put the Pasyon close to their died on the cross for the sins or with the performances important roles of passing Filipinos identify themselves hearts because the Filipinos of the world. In the article of the Pasyon. In the book on the ‘Filipino tradition with the suffering of Christ. see themselves in it. The Lent and Moriones, Bernard The Jesus of Asian Women, of reading, singing, and Marco Garrido, in his article pasyon is an allegory that Billedo mentioned that the Muriel Orevillo-Montenegro reenacting the passion story The Pasyon of the Philippines, pasyon/PAGE 9 Pasyon is written in Tagalog, but there are translations in other Philippine languages like ‘Pampango, Ilocano, Pangasinan, Bicol, Ilongo, Cebuano and Waray.’ He also mentioned that other lumad tribes like the Ibanag and Itawes of Cagayan Valley, the Gaddang of Nueva Vizcaya and among the Cuyunon of Palawan have versions of the Pasyon narrative. This is also true in the comparative study of Fr Rene B Javellana SJ titled The Cebuano “Pasyons” – a study of the Texts at Xavier University and at the University of San Carlos and a Comparison with two tagalong Texts. Fr Rene Javellana (1984), contended that Cebuano Pasyon texts may have used the Tagalog WARM WELCOME. Governor Bambi Emano welcomes social work student interns from Mindanao State UniversityText as the source, but the Marawi City to the province of Misamis Oriental. The Governor assures students support that they will learn Cebuano Pasyon stands in and apply various insights in humanitarian service and social work to their respective communities after their itself as a genre of the Pasyon six-month internship to different offices.

By Hobart P. Savior

Philippines’ colonial past with the Spaniards brought many influences that colored our cultural and artistic traditions. In the essay titled Dulaan An Essay on Philippine Theater in the book Tuklas Sining Essays on The Philippine Arts, Nicanor G Tiongson mentioned that plays with Spanish influence: Komedya, Sinakulo and the Pasyon are part of the development of Philippine Theater. With the evangelization of Christianity among the native Filipinos during the Spanish colonization, dramas were used as powerful tools for ‘Christianization.’ These dramas are known as secular and religious plays. These secular plays and religious plays were held to celebrate liturgical seasons like advent and lent (Tiongson, 1991). These secular and religious plays include the K o m e d y a , M o ro - M o ro , Komedya de San Miguel, Yawa-Yawa, Pasion y Muerte, Panunuluyan, Pastores, Bakahan, Moriones, Pasyon a recitation of the suffering, death and resurrection of Christ (as mentioned above) and the Salubong during Easter Sunday. In the book The Cambridge Guide to Theatre, edited by Martin Banham, it is mentioned that religious customs including dramatizations were introduced by the Spaniards in attempt to replace folk rituals. These performances or religious dramatizations of Lenten play senakulo intended to promote Christianity, and these had been significantly


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Events

MyPhone launches RIOwith a bang No. 1 Filipino mobile phone brand lets you live your life in color…

M

yPhone will surely splash more colors to your life, especially this festive summer season, as they launch their most colorful and affordable Android offer yet, at the “MyPhone Rio: Find Your Color” event last April 10, 2014 at the Teatrino Theater and Bar, Greenhills. MyPhone Rio boasts a 5-inch HD Display, 1.3 GHz Quad Core processor, and a combination of 8 megapixel back and 2 megapixel front cameras. This phone’s back cover can be changed into colors blue, orange, red, yellow, green, black, and white, letting you express your moods and personality freely every day. As colorful as the MyPhone Rio, the night of the event was attended by hundreds of friends from the TV, radio, print, and online media industry dressed in their most colourful attire and “funk-cessories.” The event was also graced by the presence of teen stars and artists from major television networks. Among those were the Boy band Upgrade, Star Records artist Timmy Pavino, and the Ms. Earth-Philippines 2013 winners. The night was filled with upcoming

young stars as well with GMA’s Julian Trono, PBB Teens stars led by MyPhone endorsers Devon Seron and Karen Reyes, as well as the entire Red Models and Talents group attending the event. But the highlights of the night were performances from the newest Viva talent and Red Models and Talents’ artist, Kris Angelica, and Club Mwah’s Follies de Mwah. Green lights are already on for you to get this colorful offer from MyPhone for the affordable price of P4,999. And that’s an affordable move to “live life in color!” For more details about MyPhone Rio and other MyPhone products, visit www. myphone.com.ph and like us on Facebook at www.facebook.com/myphone.

Viva talent n d Red Models andaTa Kris Angelica lents’ artist performance in one of her s

ah opening w M e d s ie Foll ith a bang the event w

and t for Marketininga and en sid re -p ce Vi 's Qu MyPhone pment , Richarda de g with the sin po Business Develoen ar nt ca Al e im Ja t id es Pr MyPhone rs Ms. Earth 2013 winne


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Megaworld... from page 3

to P36.24-billion in 2013, up 18 percent from P30.6 billion in 2012. The Megaworld Group posted a record P68.2-billion in reservation sales in 2013 from the 18 projects launched. L ast year’s launched projects include 10 for Megaworld: One Eastwood Avenue Tower 2 in Eastwood City; Uptown Parksuites in Uptown Bonifacio; The Florence Tower 1 in McKinley Hill; Manhattan Plaza Tower 1 in Araneta Center, Quezon City; Bayshore Residential Resort Phase 2 in Pasay City; One Manchester Place Tower 1 in The Mactan Newtown, Cebu; and One Madison Place Tower 1, 2, and 3 as well as commercial lots in the Iloilo Business Park in Mandurriao, Iloilo City. Meanwhile, Empire East has launched five towers: San Lorenzo Place Tower 3 in Makati City; Kasara Urban Residences Tower 3 and The Rochester Tower 6 in Pasig City; and Cambridge Village Clusters 32 and 33 in the border of Pasig City and Cainta, Rizal. Sunt r ust Prop er t ies, li ke w is e, has l aunche d three residential projects: Suntrust Kirana in Pasig City, Suntrust Rivabella and Suntrust Ecotown in Cavite. On t he ot her hand, Megaworld’s rental income from office developments and lifestyle malls surged to a record P6.04-billion in 2013, 21 percent higher than P4.99-billion in 2012. Megaworld is set to further solidify its position as the leader in office development in terms of total office space inventory by completing another 112,000 square meters of office spaces this year. By the end of 2014, the

NOTICE Notice is hereby given that the estate of the late Leo Baylin La Victoria covered by TCT No. 1372013004358 has been extra-judicially settled on April 14, 2014 per Doc. No. 121; Page No. 25; Book No. LX, Series of 2014 of Atty. Dale Bryan D. Mordeno, Notary Public for Cagayan de Oro City. BWM Apr. 16, 23 & 30, 2014

EXTRA-JUDICIAL SETTLEMENT OF ESTATE RODRIGA J. VERGEIRE Notice is hereby given that the intestate estate of the Late RODRIGA J. VERGEIRE, who died on December 9, 2005 at Poblacion, Baroy, Lanao del Norte, left a parcel of land , (Lot No. 9, (LRC) Pcs-6089 of the consolidation-subdivision plan ( LRC ) Pcs-6090 a portion of the consolidation of Lots D & E, described on plan (LRC) Psd-38116 Psc. No. H.Pct) situated in the Barrio of Barroy, (now Poblacion,Barroy) Mplty of Kolambugan. Bounded on the NE, points 3 to 4, by Lot 10; on the SW., points 4 to 1, by the Lot; by SN., points 1 to 2, by Lot 8; and on the NW., points 2 to _ by Lot 13; all in the consolidation subdivision plan. Containing an area of ONE THOUSAND FIFTEEN (1,015) SQUARE METERS. Covered by Transfer Certificate of Title No. T-6,169., is the subject of EXTRA-JUDICIAL SETTLEMENT OF ESTATE RODRIGA J. VERGEIRE as per Doc. No. 500, Page No. 100, Book No.10, Series of 2010, under Notary Public of Atty. DOROTHEA SALIGAN-BASALO. BWM Apr. 9, 16 & 23, 2014

company will have around 712,000 square meters of office spaces in its portfolio with the completion of new state-of-the-art office towers in Uptown Bonifacio, The Mactan Newtown in Cebu, and Iloilo Business Park. On the retail side, Megaworld is also set to complete another 70,000 sqm in additional commercial and retail spaces with the completion of the Venice Grand Canal Mall in McKinley Hill, and some commercial strips at The Mactan Newtown, bringing its commercial and retail space portfolio to 240,000 square meters by the end of 2014. “Along with our sustained growth in the residential segment, we are committed to f ur t her ex p and our recurring income portfolio especially in our office and retail businesses. Year after year, we will be completing more office towers, malls, and commercial spaces. By 2017, we expect our rental income to reach P10-billion, double that of 2012,” adds Tan. Megaworld has pioneered the “LIVE-WORK-PLAYLEARN” lifestyle concept for mixed-use communities in the Philippines, which are popularly known as “townships.” To date, the company has 10 townships all throughout the country covering around 300 hectares of land. This includes the 17-hectare E a s t w o o d C i t y, w h i c h

is considered to be the country’s first cyberpark; the 50-hectare McKinley Hill in Fort Bonifacio; the 25-hectare Newport City in Pasay City; the 5-hectare Forbes Town Center in Bonifacio Global City; the 28.8-hectare The Mactan Newtown in Lapu-Lapu City, Cebu; the 15.4-hectare Up t o w n B o n i f a c i o i n Bonifacio Global City; the 3 4 . 5 - h e c t are Mc Ki n l e y West in Fort Bonifacio; the 14-hectare Woodside City in Pasig City; the 11-hectare Davao Park District in Davao City; and the 72-hectare Iloilo Business Park in Iloilo City. Over the past 24 years, the Megaworld Group has emerged as the country’s No. 1 real estate organization. It has completed more than 320 residential and office buildings with a total area of around 5.6 million square meters. Currently, about 185 residential, office and hotel buildings with a total area of around 5.4 million square meters are under development.

Batas... from page 6

bearer and later on president of the Philippines. He must start projecting an image of a strong leader, one who is the unanimous choice of his party, and one whose fortunes as a standard bearer or as a president does not depend on what Aquino says, or what Malacanang

Republic of the Philippines SUPREME COURT REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE EJF File No. 2014-072 Upon Extra-Judicial Petition for Sale under Act 3135 as amended, filed by SECURED BANK, INC., (a Rural Bank and formerly Secured Savings & Loan Association, Inc.) with office address at Capt. V. Roa St., Cagayan de Oro City, against SPS. JESUS M. JARDIN and JOSEPHINE A. JARDIN, with residence and postal address at Upper Corona Drive, Tibasak, Macasandig, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of January 20, 2014 amounts to THREE HUNDRED NINETY TWO THOUSAND SIX HUNDRED NINETY EIGHT PESOS & 61/100 ( P392,698.61) Philippine Currency, as mortgagor’s principal indebtedness and interest including 25% of the outstanding balance as attorney’s fees, excluding other necessary fees, charges and expenses of Extra-Judicial Foreclosure and Sale, the undersigned Sheriff-in-charge will SELL at Public Auction on JUNE 9, 2014 at 10:00 o’clock in the morning or soon thereafter, at the court room of RTC, Branch 39, 2nd Floor,Hall of Justice Bldg., Arch. S. Hayes Street Cagayan de Oro City , to the Highest Bidder, for CASH and in Philippine Currency, the real property mortgaged together with all existing and future improvements thereon, to wit, as follows: TRANSFER CERTIFICATE OF TITLE NO. T-135193 Registered in the name of JOSEPHINE A. JARDIN “A PARCEL OF LAND (Lot 2988-A-9-B,Psd-10-031690, being a portion of Lot 2988-A-9,Psd-10-000633), Situated in the Barrio of Macasandig, City of Cagayan de Oro, Island of Mindanao. Bounded on x x x. Beginning at x x x, containing an area of Three Hundred Forty Four (344) Square Meters, more or less.” Prospective buyers/bidders may investigate for themselves the title herein above-described and encumbrances thereon, if any there be. In case June 9, 2014 will be declared holiday or non working day, the public Auction Sale shall automatically be held on the next working day without further notice, publication and posting.

Cagayan de Oro City, March 31, 2014.

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FOR THE EX-OFFICIO PROVINCIAL SHERIFF

By: (Sgd.) JOSEPH C. MAAGAD Sheriff IV BWM: April 4, 11 & 18, 2014

factotums are made to parrot and say in public. Roxas must understand that either Aquino already h a s an ot h e r c an d i d ate whom he will support, or that Aquino does not at all believe in Roxas’ capacity to become president in 2016. If Roxas wants to be LP’s standard bearer, or to become president, he must decide to stand up and do things on his own now. He can start by praying to God sincerely and truthfully, and giving up all personal interests in exchange for God’s directions. -ooo REACTIONS? Please call me at 0917 984 24 68, 0918 574 0193, 0922 833 43 96. Email: melaniolazomauriciojr@ outlook.com, batasmauricio@ yahoo.com and mmauriciojr111@gmail.com.

Pasyon... from page 7

reveals Filipinos’ identity and destiny as a people. Garrido mentioned the point of William Esposo, a Philippine Daily Inquirer Columnist, who said that Filipinos associate to the passion of Christ as their own continuous agony and crucifixion as these signal the tale of Filipinos being abused, exploited and oppressed. It is evident that most Filipinos believe on suffering and redemption. Related to Christ’s purpose of suffering, death and resurrection, the Filipinos strongly identify

themselves as sinners, and that because of their penance and through the veneration of the cross, the Filipinos will have their redemption through the fervent faith. In the article Pasyon Plays by an anonymous author, it is said that the reflection of suffering and death on the Pasyon is a byproduct of the Filipinos colonial experience. In Garrido’s article, in the Spanish regime, ‘Filipino peasants saw Christ’s suffering not only as an inspiration to endure but also to rebel.’ As one community, Filipinos see the Pasyon as a point of reflection to repent for their sins and attain redemption and salvation through Christ’s death and resurrection. Catch The Xavier Stage’s Ang Pasyon ni Hesukristo on April 16-17, 2014, 3:00 pm and 7:00 pm at the XU Little Theater. Admission is free.

Globe... from page 10

programs, and reducing energy consumption. The company also takes care of its employees and enables them through technology, systems and processes to make the difference in the lives of the customers. Likewise, Globe promotes social and economic well-being in communities through various corporate social responsibility initiatives while at the same time, expands network coverage and infrastructure to provide access to as many people as possible through diverse sets of products and services and minimal operation cost. In improving mobile and internet connection, and mobile e-commerce, Globe maintains high business efficiency, effective risk management strategies and customer-focused loyalty program.

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) 231-6739a

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch _____ Cagayan de Oro City IN THE MATTER OF DECLARATION FC-SPEC PROC. NO. 2013-090 OF PRESUMPTIVE DEATH OF LOREPIN UNDAG GERALDIZO, for: RICHU S. GERALDIZO, PRESUMPTIVE DEATH Petitioner.

X---------------------------/

PETITION PETITIONER through counsel and unto this Honorable Court most respectfully alleges: 1. That Petitioner is of legal, age, married, Filipino and a resident of Firlen Village, Kauswagan, Cagayan de Oro City; 2. That Petitioner is the legal husband of Lorepin Undag Geraldizo who was disappeared and her whereabouts has unknown since May 20, 2005; 3. That Petitioner was wedded to Lorepin Undag Geraldizo last May 9, 2005 in Cagayan de Oro City, machine copy of the Certificate of Marriage is hereto attached as ANNEX “A” and is made as integral part hereof; 4. That a week after their marriage more particularly on May 20, 2005 without any valid reasons left/abandoned Petitioner; 5. That since then the whereabouts of Lorepin Undag Geraldizo since she left Petitioner is unknown and cannot be determined and despite extra effort exerted in locating her the same turned useless; 6. That few months after the wife of Petitioner departed, he was alarmed and forthwith enlisted the assistance of friends and relatives in locating for his wife Lorepin Undag Geraldizo and in places where she thought she could most likely seek refuge and shelter, but his effort were set at naught since Lorepin Undag Geraldizo, figuratively vanished into thin air; 7. That despite disappointment, Petitioner steeled himself and continuous to breathe the forlorn hope that his husband could still be found and in fact took tireless measure to locate her and that even gone to her residence at Santa Catalina, Pagadian City, where even her relatives were at lost as to her location; 8. That without pause, Petitioner follows closely every trail of information that he believed could lead to his wife a track but she was nowhere to be found; 9. That after almost EIGHT (8) years of spirited but vain search and years of lonely and tearful wait, Petitioner has now come to accept that his long lost wife is presumably dead; 10. That after an interrupted absence of more than EIGHT (8) years it not being known that that Lorepin Undag Geraldizo still live it is in the best interest of all the parties that the issue relative to the fate and existence of said Lorepin Undag Geraldizo be forever put to rest by declaring the latter’s death for all intent and purposes except for those succession. WHEREFORE PREMISES CONSIDERED, it is respectfully pray of the Honorable Court that after summary proceedings an Order be issued declaring LOREPIN UNDAG GERALDIZO presumed dead for all intent and purposes except for those of succession as provided by the Family Court. Cagayan de Oro City, October 9, 2013. (Sgd.) CASIANO A. GAMOTIN, JR. Counsel for Petitioner PTR No. 2106078A issued on 11/21/2011 IBP No. 832662 issued on 11/11/2011 Roll No. 21342 issued on 3/17/67 MCLE Compliance No. IV-002844 issued on 10/3/11

VERIFICATION AND CERTIFICATION OF NON FORUM SHOPPING I, RICHU S. GERALDIZO, of legal age, Filipino, married and a resident of Firlen Village, Kauswagan, Cagayan de Oro City, after having been duly sworn hereby depose and say: That I am the Petitioner in the above-entitled case; That I have caused the preparation of the foregoing petition and have read the same and all the contents therein are true and correct to the best of my personal knowledge and based on authentic records; That I have not commenced any other action or proceedings involving the same issue in any court or tribunal and that to the best of my knowledge no such action or proceeding is pending in any court or tribunal and if I should thereafter learn that a similar action or proceeding has been filed or pending , I undertake to report that fact to the Honorable Court within five (5) days upon learning thereof. IN WITNESS WHEREOF, I HAVE AFFIXED my signature this 10th day of October 2013 at the City of Cagayan de Oro. (Sgd.) RICHU S. GERALDIZO Affiant SUBSCRIBEB AND SWORN to before me this 10th day of October, 2013 at the City of Cagayan de Oro , Philippines. Affiant exhibited to me his Phil health ID # 19-026466988-3

Doc No. 323 (Sgd.) CASIANO A. GAMOTIN, JR. Page No. 65 Notary Public Book No. 49 My commission expires on December 31, 2013 Series of 2013 PTR No. 2379129A issued on 4/5/2013 IBP No. 875469 issued on 4/10/2013 Roll No. 21342 issued on 3/17/67 MCLE Compliance No. IV-002844 issued on 10/3/11

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 22 Cagayan de Oro City IN THE MATTER OF DECLARATION FC SPEC.PROC.NO. 2013-090 OF PRESUMPTIVE DEATH OF LOREPIN UNDAG GERALDIZO, FOR : PRESUMPTIVE DEATH RICHU S. GERALDIZO, Petitioner, X------------------------------------------/

ORDER Finding the petition for the declaration death of LOREPIN UNDAG GERALDIZO sufficient in form and substance, the same is hereby set for hearing on January 29, 2014 at 8:30 in the morning, before this Court, at Room 102, Hall of Justice, Cagayan de Oro City. At the expense of petitioner, let this Order be published in a newspaper of general circulation in the Philippines, at least once a week for three (3) consecutive weeks Let copy of this Order and Petition be sent upon the absentee, LOREPIN UNDAG GERALDIZO at her old address at Santa Catalina, Pagadian City, Likewise, let copy of this Order and petition be furnished upon the Solicitor General, Makati City and the City Prosecutor of Cagayan de Oro City for them to appear in behalf of the state. SO ORDERED. Given this 4th day of November, 2013 at Cagayan de Oro City, Philippines. (Sgd.) RICHARD D. MORDENO Presiding Judge BWM: Apr. 2, 9 & 16, 2014


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Billboard

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CEB upgrades Taipei flights to A330 aircraft for summer peak * Adds flights to Hanoi, Hong Kong The Philippines' leading lowcost carrier, Cebu Pacific (PSE:CEB) increases the number of seats available from Manila to Taipei, Hanoi and Hong Kong and vice versa, to accommodate additional travel demand. From May 2 to June 3, two of CEB's seven weekly frequencies between Manila and Taipei will utilize a

436-seater Airbus A330 aircraft. CEB will utilize a 180-seater Airbus A320 aircraft for the rest of the week. "By upgrading some of our Taipei flights to a bigger aircraft, we are able to offer 41% more seats, making more low fares to and from Taipei available for everyJuan," said CEB VP for Marketing and Distribution Candice Iyog.

From April 11 to May 2, CEB will also offer 4 extra weekly flights between Manila and Hong Kong, in time for the Philippine summer peak period. From 28 times weekly, passengers can choose between 32 weekly flights during this time. CEB also flies direct to Hong Kong from Cebu, Clark and Iloilo. Meanwhile, CEB, the only airline operating direct flights between Manila and

Hanoi, adds more flights to this route. Starting April 3, CEB will operate thrice weekly Manila-Hanoi flights, or every Tuesday, Thursday and Saturday. CEB is slated to take delivery of 12 more brandnew Airbus A320, 30 Airbus A321neo and 3 Airbus A330 aircraft from 2014 to 2021. "The delivery of more aircraft will allow us to add more destinations, routes and flights to an already extensive

network to key cities in Asia and the Middle East. We encourage everyJuan to take advantage of these additional flights and CEB's trademark lowest fares, for their leisure and business travel needs," Iyog added. CEB's 51-strong fleet is comprised of 10 Airbus A319, 30 Airbus A320, 3 Airbus A330 and 8 ATR-72 500 aircraft. It is one of the most modern aircraft fleets in the world. For bookings and

inquiries, guests can go to www.cebupacificair.com, or call the reservation hotlines (02)7020-888 or (032)2308888. The latest seat sales can also be found on CEB's official Twitter (@CebuPacificAir) and Facebook pages. Those still booking flights may also sign up to be a CEB Club member through the Cebu Pacific website, for seat sale alerts, easy management of flights and travel funds, and a faster booking process.

Globe Telecom wins in ASEAN Corporate Primavera Residences Sustainability Summit and Awards 2014 showcases works of CdO artist Nicolas Aca, Jr.

Leading telecommunications company Globe Telecom won the Integrated Communication Category in the ASEAN Corporate Sustainability Summit and Awards 2014 for having i n c or p or at e d s t r at e g i c communication programs for a more meaningful impact. ACSSA was created to acknowledge individuals and organizations for their successful demonstration of commitment to sustainable operations, and provide a platform to showcase sustainable practices and create an avenue for

benchmarking. It also aims to establish an opportunity to promote maturity in sustainable practices through a healthy competition among industry peers. Recognizing the impact of environmental and social concerns on the global economy, Globe committed to integrate sustainability in its core operations. In line with this, Globe combined s u s t ai n a bi l it y w it h it s annual financial report to improve stakeholders’ perception on accountability an d t r ansp are n c y, an d demonstrate the connection between corporate

responsibility and business operations and strategy. For the past three years, Globe continues to meet international standards for its Annual and Sustainability Report by increasing its reported performance indicator and maintaining a B+ level of assurance. Last year, the 2012 ASR was recognized in Mercomm’s ARC International Awards XXVII under the specialized annual report category. To provide its stakeholders the convenience in viewing the report, downloadable f i les were uplo ade d in the Globe website (www.

globe.com.ph) on the day of the Annual Stockholders Me e t i n g . A d e d i c a t e d microsite was also developed, accessible via PC, tablet and smartphones. In its ASR, Globe Telecom’s sustainability initiatives are divided into four areas – Environment, Workplace, Community and Marketplace. Globe promotes efficient and effective environment protection initiatives through managing its operational carbon footprint, implementing waste management globe/PAGE 11

Yoly Crisanto, Globe Telecom SVP for Corporate Communications receives the award from Dr. Aditi Haldar, Director of Focal Point India and South Asia Global Reporting Initiative (GRI)

Cagayan de Oro City, Misamis Oriental (April 14, 2014) - Primavera Residences, a new mixed-use green development in Cagayan de Oro, is pleased to showcase the works of local artist Nicolas Aca, Jr. Since March 25, fifteen of Aca’s select artworks have been on display at the multipurpose hall of Primavera Residences. Art enthusiasts can view the exhibit for free until April 25. The month-long art exhibit is a Primavera Residences initiative that aims to support the local art scene by featuring the works of Cagayan de Oro artists. Nick Aca, Jr., as he is often called, is a celebrated visual and performance artist in Cagayan de Oro known for his collage and assemblage works. He has previously showcased his works in an exhibit at the Singapore Art Museum in 2013 and more recently in Kuala Lumpur, Malaysia. At present, he is the resident artist and gallery curator at the Capitol University Museum of Three Cultures in Cagayan de Oro. Among his select works on display at Primavera Residences is a masterpiece wood relief called “Poverty Lines.” The wood relief is his take on the Philippine government’s Pantawid Pamilyang Pilipino Program, or 4Ps, which is a conditional cash transfer program created by the government to alleviate the health and education conditions of poor families. Aca’s “Poverty

Lines” bespoke the alleged corruption that taints the program. Four acrylic on canvas artworks by Aca are also on display as well as a series of wood relief called “Dwelling.” “Some of the artworks currently on display are tribute to women during the Women’s Night celebration at Primavera Residences last month and speak about the preservation of Mother Earth,” shares Aca. According to him, women should be proactive not just in preserving the environment but in helping alleviate the poor conditions of the less privileged. Primavera Residences is an award-winning, green condominium complex found within the Pueblo de Oro Business Park. It is the first eco-friendly property in Mindanao recognized by the Southeast Asia Property Awards (SEAPA) as the Best Condo Development in 2011. Recently, it also won in the Asia Pacific regional competition of the prestigious International Property Awards in the Mixed-use Development category. The award will be formally given at an awarding ceremony in Kuala Lumpur on May 9. Primavera Residences will be hosting more art exhibits from local artists in the coming months. For inquiries on Primavera Residences’ monthly art exhibit, contact: (088) 3108173, 0917-7921078 or visit the website at www. primaveraresidences.com.


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Investments... from page 1

Pro du c e rs f rom t he member countries will share their strategies during the business leaders conference and will look into how integration will affect their productivity and supply. The business conference, Mi nDA s ai d, w i l l a ls o discuss the pressing issue of climate change adaptation, particularly its impact on food productivity. Other issues to be covered are information and technology connectivity and tourism. As part of the Philippine participation in the conference, Mindanao bu s i ne ss opp or tu n it i e s and development will be presented, taking into account the signing last month of the peace agreement between the national government and the Moro Islamic Liberation Front. Besides products, also to be showcased at the trade fair are the services sector, technology, and investment opportunities. Investors will also participate in matching sessions for developing new partnerships. “This year’s trade fair will also bring together key business players from other ASEAN countries. We aim to highlight market and investment opportunities for globally competitive products, as well as strategies to escalate private sector participation in integration initiatives of the two growth triangles into the ASEAN market,” said Ms. Antonino. The idea of a single investment area came about in 1997, three years after the formation of the sub-region, when then Philippine Trade secretary Vicente T. Paterno, then also the chairperson of the BIMP-EAGA Business Council, proposed that the participating areas within the four countries consolidate their products and find a common market. Despite the initiative, none took off, including the proposal to come up with a one-company, four-country poultry program where the Philippines would raise chickens, Indonesia would supply corn feeds, Malaysia would conduct processing, and Brunei would provide halal certification.

Generates... from page 1

Clarete added. He said that the collections of the value-added taxes, which comprised 24 percent of the total collections, amounted to Php 1.9 billion, while the percentage on excise and other taxes totaled Php 1.04 billion or about 13 percent of the regional total collections. According to Clarete, the revenues from the Bureau of Customs (BOC) in 2013 posted Php 6.69 billion, up 13 percent over the collections in 2012. The bulk of the customs

collection came from the Mindanao Container Terminal (MCT) in Tagoloan, Misamis Oriental totaling Php 5.76 billion or about 86 % of the total collections in Northern Mindanao. Clarete said that the BOC collections in the Port Area of Cagayan De Oro City have declined by 15 percent as the bulk of the customs operations in the city’s port has shifted to the MCT in the past years. (PNA)

Aboitiz... from page 1

(AboitizPower) is preparing to explore geothermal energy potentials of areas around Mt. Apo. In a press statement on Sunday, the company said it has started the first phase of its work program after the Energy department awarded it geothermal service contracts for two areas around the country’s highest peak. “We are now implementing (the) work program approved by the Department of Energy. This phase includes project introduction to relevant local government units,” said Artemio Magnayon, the company’s vice-president for business development. Mr. Magnayon said the company “will conduct surface exploration and there will be no construction of any kind” in this phase. The company hopes to improve its power generation mix, it added, as it “pushes maximization of renewable energy potential as long as it is available and affordable, while utilizing fossil-based power generation to ensure reliability.” The company claimed to be among the biggest producers of renewable energy in the country, with 1,191 MW in renewable sources, including the 467-MW Tiwi-Makban geothermal complex in Laguna and Albay.

no obligation to update any forward-looking statements, and expressly disclaims any obligation to update these forward-looking statements.

Cimagala... from page 6

things. Among them, the effort to truly understand others in spite of and even because of their defects, because this is how Christ deals with each one of us. Recently, I watched two movies that wonderfully dramatized how understanding others in spite of their very obvious defects can make a lot of difference. One was “Saving Mr. Banks” and the other was “In front of the class.” In both movies, the main characters had very irritating defects. In the former, the defect was psychological, and in the latter, physical. We should realize that every one of us is a child of God who, even if one has lost his goodness, is still loved and redeemed by Christ. This is the basic and constant assumption we should have when dealing with others. And so when we see the

defects of others, especially those defects that would really bother us, we have to think that there is a reason behind them. We need to know where they are coming from. And then putting ourselves in the dynamics of Christ’s universal love for us, and never without it, let us try to deal with them kindly and patiently. This is how we can understand everyone, including ourselves, with all that we have, both the good and the bad things in us. It is only this love that is capable of understanding everyone and everything, warts and all. It is this love that can cure and transform people. It is this love that makes everyone new again. It is this love that is able to forgive everyone, including ourselves. We need to learn to develop and live this love, starting with our own personal selves through our personal prayers and other forms of personal relationships with our Father God through Christ in the Holy Spirit. Then let us pass this on to those in our families. Then let’s do everything that this kind of love is taught and lived actively in schools and everywhere else.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City Branch 22

Fortinet... from page 2

specification information herein may be unique to c e r t a i n e nv i r o n m e nt s . This news release contains forward-looking statements that involve uncertainties and assumptions, including statements regarding product releases and functionality. Changes of circumstances, product release delays, changes in product plans and other risks as stated in our filings with the Securities and Exchange Commission, located at www. sec.gov, may cause results to differ materially from those expressed or implied in this press release. If the uncertainties materialize or the assumptions prove i n c or re c t , re s u lt s m ay d i f fe r m at e r i a l ly f rom those expressed or implied by such forward-looking statements and assumptions. All statements other than statements of historical fact are statements that could be deemed forward-looking statements. Fortinet assumes

11

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OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE File No. 2014-060 Upon Extra-Judicial petition for sale under Act 3135 as amended filed by HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG FUND, mortgagee, with office address at Pag-ibig Building,J.R. Borja St., Cagayan de Oro City against ARIEL H. BALINO, mortgagor/s , single, of legal age/s, Filipino/s with postal address at Lot 38,Block 17, Bloomingdale Subdivision,Iponan,Cagayan de Oro City, to satisfy the mortgaged indebtedness which was as of January 15, 2014 amounts to TWO HUNDRED EIGHTY THOUSAND FIVE HUNDRED SIXTY EIGHT PESOS AND 89/100 ( 280,568.89) Philippine Currency including interest , penalty charges, excluding attorney’s fees and expenses of foreclosure , the undersigned sheriff will sell at public auction on April 28, 2014, at 10:00 a.m. to 4:00 p.m. or soon thereafter at the RTC Branch 22 office ,Arch Hayes St., Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency , the herein described property including all improvements thereon to wit: TRANSFER CERTIFICATE OF TITLE NO. T- 196946 Lot : Lot 38, Block 17, Pcs-10-003948 Portion of Lot : Lots 3615-B, Psd-10-004675,24178-A, Psd-10-009444, 3614-A-1-B,Psd-10-009566, 24178-B-1, Psd-10-010320,24178-B-2-A, Psd-10-052968, 24178-B-2-B-1,Psd-10 054199, 24178-B-2-B-6,Psd-10-054199, 4178-C-1, Psd-10-054997,3605,Cad. 237, Cagayan Cadastre. As surveyed for : Liberty Land Corporation Land Use : Residential Location : Iponan,Cagayan de Oro City Lot Area : FIFTY (50) SQ. M. more or less Prospective buyers/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 City March 20, 2014.

FOR THE PROVINCIAL EX-OFFICIO SHERIFF:

(Sgd.) JOEL LYDVEL G. PAKINO Sheriff IV

BWM: April 2, 9 & 16, 2014

Pryce Plaza Hotel Carmen Hill, CDO, Tel. No.722791 to93/858-4537 E-mail:reservations@pryceplaza.ph

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