BusinessWeek Mindanao (April 21, 2017)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 140

Market Indicators

As of 5:10 pm April 20, 2017 (thursday)

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66.00 points

Briefly Chocolate museum DAVAO City -- Visiting Mexican Ambassador to the Philippines Julio Camarena Villasenor said that the chocolate museum located in Malagos is a representation of the deep ties between Mexico and the Philippines. The Mexican envoy visited the museum yesterday (April 12) as part of his itinerary in Davao City which included meeting with local government officials and local businessmen. The chocolate museum is located inside Malagos Garden Resort, an inland nature resort and cocoa plantation about 28 kilometers from Davao City’s downtown area. Ambassador Villasenor was impressed with the museum which contains historical anecdotes about the origins of chocolates. Chocolate originated from Mexican Aztecs where it eventually reached Spain after Mexico was colonized by Spanish conquistadores.

ICT Davao DAVAO City -- The group of ICT (Information Communication Technology) stakeholders in Davao is proposing a training program aimed at adding more IT workers to the growing demand in the city. Belinda Torres, corporate secretary of ICT Davao said they have submitted a proposal to Davao City Mayor Sara Duterte on their SWIT (Skills for Work in IT) program. “SWIT is a training program whose objective is to train 700 qualified talents and be employed.” Torres said. The trainings will delve on those needed by the current competency demand of the account, among these competencies are software development, game development.

Drought-resistant KORONADAL City -- With the temperature on the high, the City Agriculture Office here has urged farmers to plant crops that are resilient to drought as the summer season intensifies. Ma. Emelita Miguel, city agriculturist, said with the summer season at its height, farmers, particularly rice growers should “allow their farms some time-out period” during this time when water supply is limited. Instead of the regular crops, farmers may plant mongo, string beans and similar crops that can withstand inadequate irrigation, she said, emphasizing further that besides providing income these leguminous crops could also fertilize the farms.

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Coops seek Duterte’s help to operate plant www.businessweekmindanao.com

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Friday | April 21, 2017

By ANTONIO L. COLINA IV, MindaNews

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AVAO City – A group of cooperatives in Mindanao appealed to President Rodrigo R. Duterte to support their plan to construct a hydropower plant in Agusan del Sur and bid for the Agus and Pulangi hydropower complexes.

CHOICE CUTS. A fish vendor chops a whole fish into the choice of cuts for the waiting customer at the Buenavista Public Market in Agusan del Norte on April 19, 2017. photo by jun ayensa

E d g ard o T. Si l ag an , chairperson of the 1 Mindanao Energy Cooperatives (1MIECOOP), told “Wednesdays at Habi at Kape” that this is the first time for cooperatives to venture into power generation, a field already dominated by a few large players. “Mr. President, we, the Mindanao-based cooperatives want to own the hydropower plants which we hope you would support because this

will give us social justice, equitable distribution of wealth, peace and prosperity, and job generation,” he said. He s aid putt ing t he hydropower plants under the management of the cooperatives instead of the major players will bring down the cost of electricity. “If under the cooperatives, the board of directors and even the members will have the say not to increase the operate/PAGE 11

Oro barangays asked to segregate wastes or face Ombudsman’s wrath By MARK FRANCISCO, Staff Writer

CAGAYAN de Oro City local environment and natural resources officer Edwin Dael strongly urged barangay officials to strictly implement waste segregation as stipulated in the Solid Waste Management Act or face legal action by the Ombudsman. Dael made the statement during the opening of the city’s new sanitary landfill beating the May 2017 deadline set by the Ombudsman following complaints by the Solid Waste Management Commission against big cities in the country for noncompliance of Republic Act (RA) 9003. Dael said that while City Hall has complied with the law, individual barangays would be scrutinized by the Commission next. This early, the city government

is already assisting barangays in the implementation of waste segregation by setting schedules for City Halloperated garbage trucks to collect segregated wastes separately, thereby instilling discipline to the public. Dael however was apprehensive that this may not be enough, saying that barangay councils have the duty to establish their own materials recovery facility as well as massive educational drive for waste segregation at the household level. The city government last Tuesday inaugurated the new sanitary landfill in barangay Pagalungan, closing down the decades-old open dump in barangay Carmen which was considered earlier as a hazard by the Solid Waste Management Commission.

Mine dam will not collapse, mining firm assures Lopez By CHRIS V. PANGANIBAN, Contributing Editor

Philsaga Mining Corp. president Raul Villanueva (right with safety helmet) briefs Environment Secretary Gina Lopez about the safety of the mine dam while she took a brief tour in the area. chris v. panganiban

ROSARIO, Agusan del Sur--- A top executive of a gold mining company here has allayed fears of a dam collapse that would hit a public school down below saying the mine waste tailing ponds could withstand even an intensity seven earthquakes apart from their plan to build another second embankment dam in July this year. Lawyer Raul Villanueva, president of Philsaga Mining Corporation, assured Environment Secretary Gina collapse/PAGE 11

Mt. Talomo and Mt. Apo in the background (left), and downtown Davao City in the foreground, as viewed from Samal Island. mindanews file photo by bobby timonera

Davao City mulls ecotourism, cultural plan for Mt. Talomo By ANTONIO L. COLINA IV, MindaNews

DAVAO City – City Mayor Sara Duterte said they are mulling over a comprehensive ecotourism and cultural plan for Mt. Talomo to regulate trekking activities and protect the watershed and the nesting site of the Philippine Eagle. This developed after the city government received reports of illegal trekkers who would scale up Mt. Talomo as a jumpoff point to Mt. Apo Natural Park. “However, for those who wish to visit the mountain, the public is informed that a comprehensive ecotourism and cultural plan will soon be rolled out. This will cover regulations that will ensure that the watershed area is protected from human activities that are

injurious and destructive to the environment,” Duterte said in a statement Tuesday. She appealed to trekkers and guides to stay away from Mt. Talomo and find other entry points to Mt. Apo, which was officially reopened last April 12 in three trails – Kidapawan City, Magpet in North Cotabato, and Sta. Cruz in Davao del Sur. Duterte said the cultural plan is now being taken up by the city government, Department of Tourism (DOT) 11, and Philippine Eagle Foundation, but added they are planning to tap and manage cultural activities of the Bagobo community. cultural/PAGE 11

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Economy

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Misor gov’t scouts location to build renewable energy project

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HE Provincial Government of Misamis Oriental is currently se eking a 2,000-hectare lot within t h e prov i n c e w h ere a renewable energy project

will be situated. G o v e r n o r Ye v g e n y Vincente B. Emano said he deeply wish landowners to visit his office and show intent of selling at least 2,000 hectares of land to

a private firm intending to put up solar-powered energy generating facility in Misamis Oriental. The governor said he is keen of putting up renewable energy sources

in the province to address future power shortages by not harming the environment. The 2000-hectare land will set up 5000 solar panels to make up 200 MW energy S.A. proposed by the Taiwanese

investor, Emano emphasized The 200 MW power can cater the whose province. Governor emphasized that the proposed renewable energ y not only would provide secure power source

to the entire province but also provide employment to the community where the solar panels will be installed. He added that residents will be task to maintain the facilities. (PIO MisOr)

feature

Better road frees farmers from transport woes, relief to schoolchildren

SALAY, Misamis Oriental -Teofilo Ubatay Jr., 53, grew up in barangay Membuli in the slope portion of Salay town burdened by a rugged road that has made it impossible for farmers like him to earn sufficiently. “ T h e r o a d ’s p o o r condition has been the problem of our village ever since. Even small trucks cannot reach near our farm areas because it is rocky and

the terrain is uneven,” Ubatay said. He recalls that farmers would carry their products like bananas, w hich is commonly grown in the village, like a relay, and haul it on either a makeshift carriage known as karosa pulled by carabaos or carried by horses. “It was difficult. The task was laborious and it takes hours before our products reach the market,” he said.

Joan Caculan, another resident farmer, said that they pay a hauling fee of P60 per sack of farm products like cassava, corn and banana to habal-habal or single-motor vehicles. She added farmers incur production losses with products like banana getting battered with the road’s poor condition. “S ome pro du c t s ge t rejected and it is a big loss

to our income. We are left with little just enough for our daily sustenance,” she said. But the concreting of a new farm-to-market road (FMR) in their village, which was completed in May last year, the burden of transport woes has been lifted off the shoulders of farmers like Ubatay and Caculan. “We were able to really make use of the road and

it has helped us a lot in transporting our products from the farm to the market since trucks can now enter near our farm areas,” Ubatay said. Now, travel time has been cut in half, with some farmers now able to travel to the market in 30 minutes. Hauling costs have been reduced significantly from P60 to P25-30. The 1.8-kilometer FMR

was implemented under DA’s P h i l i p p i n e Ru r a l Development Project (PRDP) with a cost of P18.6 million. Through its infrastructure component, PRDP aims to build reliable road networks that connect production areas to markets. Membuli’s agricultural area is mostly planted with coconut, banana, corn and lanzones. feature/PAGE 11

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Incoming senior high enrollees of Liceo de Cagayan University take part in the Next Moves month-long summer workshop ongoing every weekday afternoon at Liceo Civic Center in Cagayan de Oro City. PHOTO BY MARK FRANCISCO

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CorporateWorld Ayala Land eyeing estates in Cavite, Davao

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YALA LAND, Inc. (ALI) is unveiling three estates this year to support the property giant’s growth momentum, company executives said on Wednesday. Anna Ma. Margarita B. Dy, head of ALI’s strategic l an d b an k m an a ge m e nt group, said in a briefing on Wednesday the real estate arm of the Ayala group is launching the 250-hectare (ha) Evo City in Kawit, Cavite; 25-ha Azuela Cove in Davao, and a 35-ha estate along the C-5 corridor in Quezon City

and Pasig this year. The total capital expenditure budget for these projects has yet to be finalized. Evo City will allow Ayala Land to take advantage of the upcoming infrastructure projects in the area such as the Cavite-Laguna Expressway, Cavitex C-5 South Link, and the Light Rail Transit 1

extension project. Azuela Cove, a joint venture between the Alcantara Group, is touted as Davao’s prime waterside lifestyle, business and residential district, while the project in C-5 will be developed in partnership with LT Group, Inc. “With each estate, we open opportunities for growth and a better quality of life,” ALI Chairman Fernando Zobel de Ayala said during the company’s stockholders’

AFTER DOMINATING the Philippines and expanding in China, SM Prime Holdings, Inc. is set to brave new markets as the property development arm of the Sy family looks to kick off its foray into Southeast Asia next year. SM Prime Chairman Henry T. Sy, Jr. said in a chance interview the country’s biggest mall developer will “come out with a decision very soon,” but declined to provide specific details. “I’m going to ASEAN also. By next year, mag-uumpisa na. Pina-study ko na ’yan (It will start next year. I already asked them to study this),” the

son of the country’s richest man, Henry Sy, Sr., said. SM Prime has 60 shopping malls in the Philippines covering 7.7 million square meters (sq.m.) in gross floor area (GFA). So far, its overseas expansion has been focused on China where it has seven malls with a GFA of 1.3 million sq.m. “It makes business senses because demographics-wise, the markets are similar; gross domestic product (growth) of these countries are averaging 5-6%; and access is nearer. The y are a ls o f ront ier markets,” Luis A. Limlingan, business development head at Regina Capital Development

Corp., said in telephone interview. There may be opportunities for expansion outside key cities in the Philippines for mall developers, but the smaller-format commercial developments may work better in the countryside, Mr. Limlingan said. The looming action of SM Prime follows Ayala Land, Inc. (ALI), which has expanded its presence to Southeast Asia. ALI acquired a 9.16% stake in Malaysian property and construction firm MCT Bhd in April 2015 and within the same year, the real estate firm raised its interest

meeting in Makati City on Wednesday. Ay a l a L a n d h a s a n expansive footprint, with 20 estates, a land bank of 9,852 hectares and presence in 55 growth centers across the country. This year, ALI is jacking up launches to P117 billion, including P100 billion worth of residential projec ts, underscoring its optimism on the real estate market’s prospects. The firm rolled ayala/PAGE 11

to 32.95%. The property company is also looking at investment opportunities in Vietnam, Indonesia, and Myanmar. Earnings of SM Prime fell 16% to P24.36 billion from P28.89 billion without the impact of a P7.41-billion one-time gain from the sale of a portion of its listed shares to parent SM Investments Corp. SM Prime is on the fourth year of a five-year program that entails a capital spending budget of P400 billion to beef up its businesses that will double earnings by 2018. For 2017, SM Prime will sm/PAGE 11

After China, SM Prime sets sights on ASEAN

SSS warns public of fake checks

T he S o c i a l S e c u r i t y System (SSS) warned its members and the public of a possible spread of fake checks after the pension fund was informed that a grocery store received as payment a fake SSS check. SSS Senior Vice President for Lu zon Operations Group Josie G. Magana said that the fake SSS check amounting to P20,000 was used to pay groceries at Catanduanes Supermart of Virac Catanduanes by a certain Gina S. Henzon. “According to Precious Sorra, Secretar y of the supermart, they accepted the check after verifying the voter's ID of the buyer which looked va lid. However, upon deposit of the check with their bank, they were informed that it was spurious,” said Magana. S or r a i m m e d i a t e l y we nt to S S S Vi r a c to repor t t he fa ke check . A f ter which, SSS Virac Branch Head Divina T. Avila instructed Edgar S . R u bio , O f f ic e r-I nCharge for Admin Section to check the name and SS number of Henzon. However, the SS number was invalid and such name is not registered in the

SSS database. “A s i d e f r o m n o n existing name and invalid SS number, the signatories in the check who were employees of SSS Urdaneta were also forged. Authorized signatories of SSS checks are not rankand-file employees,” said Magana. Av i l a l a t e r on i n s t r u c t e d J e r a l d F. C o mp e t e nt e , Ve r i f i e r of SSS Virac to make a follow-up investigation at Barangay Palta Small in Virac which was the address indicated in the check. Based on the investigation, people in the area do not know Henzon and is not a resident of the said barangay. “We advise the public, especially establishments, that before they accept checks as payment, kindly call SSS first to verify its authenticity. Also, valid SSS checks are attached to a voucher indicating the information about the payee as well as payment details from SSS,” said Magana. To report fake checks, members and the public may call the SSS hotline at numbers 920-6446 to 55 or email member_relations@ sss.gov.ph.

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Opinion

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Duterte: “I will order invasion of Jolo, if...”

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Who Has the Last Word? Think a Minute…Someone said: “Death is the worst part of life!” A famous entertainer once said: “I’m not afraid to die, I just don’t want to be there when it happens!” Unfortunately, when it’s our time to die we don’t have any choice but to be there! Death is a fact of life that none of us can escape! Sooner or later, every one of us is going to stand alone and look death in the face! Don’t forget, the statistics and chances of death are 100%, it never fails: one out of every one people die! No one has ever gotten out of it alive! It doesn’t matter how rich, powerful, strong, or healthy we are—we’re all going to die! It may be a few more years or next week. So are you ready now? But almost worse than the fact of death is the fear of death. In the back of our minds we know that every day we’re getting closer and closer to the day we die. But is our death the end of us? Does death have the last word? Does it destroy our plans for living and take away all our hope? The answer’s quite simple: it depends on how and who you’re living for. When it comes to death, Jesus Christ has been there

THINK

A Minute

Jhan Tiafau Hurst and done that. He walked right into the grave and jaws of death…and came right back out alive! Jesus Christ, not death, is the One Who has the last word. He’s the only person in history who could do it—for one simple reason: He’s God Himself. So we never again have to fear death! You see, if you’re living His way every day in a personal relationship with Him, Jesus said He’s going to lead you safely through death into eternal life with Him. Will death have the last word in your life? Not if you choose to live for Jesus Christ! Only Jesus can get you through death—safe and alive! Only He speaks the last word! And it’s the word not of death but of hurst/PAGE 11

LIFE’S INSPIRATIONS: “… F o r I h e a r m a n y w hisp ering, `Terror on every side!’ They conspire against me and plot to t a k e my l i f e …” ( Ps a l m 31:13, the Holy Bible). -o o o JOLO TO BE INVADED I F… : I nv a d i n g J o l o t o exterminate terrorist groups in the area will b e ordered by President Duterte, if security threats to the ASEAN senior officials’ meeting that is being held in B ohol will require such an invasion. This was clarified by the President in his media interview in B o h o l l a s t We d n e s d ay, April 19, 2017. Here are excer pts of the President’s inter view by media on the matter, for warded to me by Vic Somintac, the Malacanang reporter of radio station DZEC, 1062 kHz, and my co-anchor at “Tambalang B a t a s a t S o m i n t a c ”, a commentary show which runs Mondays to Fridays, at 6 am, at DZEC: “President Duterte: “Well, I hope it would not reach that point where we have to cho os e the last o p t i on . B e c au s e p a g k a ganon (if that happ ens) I will maybe invade Jo l o. I nv a s i o n n a l a n g talaga. But maraming madisgrasya diyan civilians, bata (but many will suffer, civilians, children)… But ‘pag naipit na ang bayan

(if the countr y will have no other option), I will order the invasion of Jolo…” -o o o “I WILL GIVE TERRORIST S IN JOLO T O T A L WA R ” : T h e President clarified what he meant by “invasion of Jolo”, w hich is b elie ved to be the place where members of terrorists groups in Mindanao are headquar tered. He said: “Lahat ng Army, lahat ng Na v y m a g p u n t a d o o n . Iyan bakbakan na talaga iyan. Kung iyan ang gusto nila, ibibigay ko (All the Army, all the Nav y will go there. There will b e total war. If that is what the y want, I will give it to them)…” Responding to a q u e s t i o n o f a re p o r t e r on the terrorist elements w ho went to B ohol last we e k , D ut e r t e s ai d h i s orders, once an invasion is commenced against Jolo, is to b omb the place. Here are his direct statements: Ang sabi ko lang s a kani la na la hat dito na magpunta na sa bukid, mag hanap na (What I told t hem was that, all of them should look for the terrorist elements in the f ield)... “… But any way I said we are d oi ng ou r b e st . T h e A r my i s h e re , t h e p l a c e i s s e c u r e d . We have more than enough of f icers to f ig ht for one

year if need b e. S o you are safe. But ang atin dito (what we want here) is the interdiction that the y must not reach the places… beyond the Mindanao Sea. Dapat doon lang sila (They should be confined there). And we have the capability, ‘yon ang plano naming (that is our plan)…” -o o o TERRORISTS WILL BE BL ASTED, AND NOT ALLOWED TO SURRENDER: Duterte c o n t i n u e d : “… P a r a n g i-tag ka namin sa satellite tapos malaman na namin kung sige ka biyahe (We will be able to tag through satellite if you continue to do your thing). There was a go o d intelligence rep or t. “Kung makita ka namin, i-tag ka na namin so habang nagbi-biyahe ka my orders to the Navy is kung positive pasabugin na (If we see your movements, you will be tagged, and my orders to the Navy is to blast them). Wala nang surrender, surrender (No more su r re nd e rs ) . Ang sabi ko (What I said was) kanyunin (cannon) mo na, wasakin mo (blast them w i t h c a n n o n s , d e s t r oy them.” The President also disclosed his plans to arm civilians in Bohol to fight the terrorist elements. He said: “ Well, I intend also

K akampi

Mo A ng Batas

Atty. Batas Mauricio to arm the civilians and I will include the civilians. ‘Pag nakapatay ka (`If you will be able to kill), you don’t have to worr y. You just go to the police and make the report and state y o u r t r u t h . Wa l a k a n g problema (you’ll have no proble), I’ll take care of you. I’ ll pardon you or whatever…” -o o o WAT C H “A N G T A N G I N G D A A N ”, “KAKAMPI MO ANG B ATA S ”, AT F B L I V E : Please watch “Ang Tanging D a a n”, a r o u n d - t h e c l o c k B i b l e E x p o s it i on and prayer session at w w w. f a c e b o o k . c o m / angtangingdaan; and “Kakampi Mo Ang Batas”, a legal counseling and news commentar y program at w w w. f a c e b o o k . c o m / kakampimoangbatas. Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: b a t a s m a u r i c i o @ y a h o o. com.

Easter and the life-and-death issues Happy Easter to all! Christ is truly risen, never to die again. We are now a new creation. Sin and death have been conquered by Christ’s cross. We have reason to be happy and hop ef u l, no matter how dark our earthly situations may be. We have to remember, though, that our own resurrection in Christ always has to pass through the cross, through suffering. Our death is not forever. Our pain and sorrow here are emptied of their sting. With Christ’s resurrection, we have hope of the kind t hat d o e s not d e f r au d. Sadness should not stay with us for long. All this translates to the truth that Easter is the celebration of our new, redeemed life in Christ in the Spirit. It’s not just human life—biological, p hy s i c a l , prof e s s i on a l , social, etc. It is supernatural life, the life really meant for us. Let’s be more conscious of this wonderful albeit demanding truth. This is the life that can contend with any situation in our earthly affairs. It has t he c ap a c it y to go b e y on d d e at h , b e y on d sin. It has tremendously healing, strengthening and purifying powers. For this to happen, we

have to follow Christ. Of course, not only in the physical or emotional sense. We follow him through faith, hope and charity, supernatural virtues that connect us vitally with him. We follow him when we cling to his teaching, n ow t h e d o c t r i n e a l s o of his Church. When we assimilate his teaching and make it our own, we unite ourselves with his will. We will be in the same wavelength with him. We follow him when we avail ourselves of the sacraments, his continuing presence and action. Christ continues to live on. Precisely he resurrected. Death has no dominion over him. And though he already sits on the right hand of his father, he makes himself easily available to us. He in fact wants to enter our life. We follow him when we make ourselves active and living members of his Church, allowing ourselves to be governed pastorally by his ministers, the clergy and the hierarchy, from the Pope down to the last priest and deacon. Christ leads us through them. We need to have the n e c e s s a r y d i s p o s it i on s to achieve all these requirements for following C h r i st . We ne e d to b e

humble, docile and obedient, completely free and re sp ons ibl e w h i ch should go together always. And given the complicated conditions of our life today, we have to be shrewdly prudent. We need to have the prudence of the spirit, never of the flesh, no matter how attractive the latter tries to make itself up. In our political life, we need to be very discerning in choosing our leaders. If we truly live the spirit of Easter, then we have to choose leaders who are clearly pro-life, not prodeath nor anti-life. We may have varying opinions—valid and with their advantages and disadvantages—with respect to purely political, economic and social issues. In these issues, we have to learn to dialogue civilly, respecting one another’s opinions. But when it comes to matters of faith and morals, like what the life issues are all about, then we should try to choose what promotes life over death, what favors true good over attractive evil, doing this always with charity. Anti-life politicians, simply put, are those who are for extra-judicial killings, contraception,

HINTS

and

Traces

Fr. Roy Cimagala divorce, abortion, samesex unions, immoral family planning methods, etc. Since many of t hes e anti-life politicians usually crow that they are actually for life, then we have to examine whether they follow truly Christ. Thus we have to see how closely they follow Christ’s doctrine, his sacraments, and his Church. We have to be wary of politicians’ and ideologues’ charming ways. We have to assess their views and p o s it i ons a c c ord i ng t o the sure touchstones of prudence. This is, of course, a very delicate task. It should be done with utmost respect for freedom and in utmost charity. This is because the truth can only be properly affirmed and defended in charity. roycimagala@gmail. com

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friday|April 21, 2017

Bankin&Finance

Bank deposits breach P10-T mark

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ATA f r o m t h e Philippine Deposit Insurance Corp. (PDIC) showed that total deposits in the Philippine banking system grew to P10.5 trillion as of Dec. 31, 2016, up 14 percent from P9.2 trillion in the previous year. Total number of deposit accounts also to 54 million accounts, 6 percent more than the 51 million accounts in end-2015. Accounts with balances of over P100,000 grew faster at 8.7 percent year-on-year than with deposits of P100,000 and below, which grew by 5.6

percent. However, in terms of share to total number of deposits, accounts with balances of up to P100,000 comprise 89.3 percent as of end-2016. “The robust and sustained growth of deposits both in amount and number of accounts reflects heightened depositor confidence in the stability of the banking system,” PDIC President Roberto B. Tan said. “ The increase in the number of deposit accounts s h ow s h ow d e p o s it or s continue their trust in banks to safeguard their hardearned savings. This growth

augurs well to the depositing public’s awareness of the importance of saving and overall, speaks well of more funds being made available to the system for investments and production,” he added. Out of total deposit accounts in the banking system, a total of 52 million, or 96.4 percent of deposit accounts as of end-2016 were fully covered by deposit insurance. This translated to total estimated insured deposits of P2.3 trillion, or 21.5 percent of total deposits as of end-2016. PDIC provides deposit insurance up to maximum

PHL posts $550-M BOP deficit in March THE Philippines’ balance of payment (BOP) deficit widened to $994 million in the first quarter of the year, the fifth consecutive month of being in negative territory. Data released by the Bangko Sentral ng Pilipinas (BSP) Wednesday showed that the first quarter figure is

BIR extends tax clearance validity to 1 year THE Bureau of Internal Revenue (BIR) has extended tax clearance validity to one year from six months as among the streamlining efforts of the government to help local contractors participate in the bidding of government projects under the Public-Private Partnership (PPP) program. This was clarified by the Bureau of Internal Revenue (BIR)during the 2nd Dialogue of the Department of Trade and Industry PhilippinesC ons t r u c t i on In du s t r y Authority of the Philippines (DTI-CIAP) with the key players in the industry to keep up with the latest in the Philippine construction scene. The dialogue was aimed to seek updates on the first CIAP dialogue held last February 16, 2017 on changes and new pronouncements on the provisions for tax clearance as part of bidding requirements, issuance of Civil Works Registry, hotline for contractor complaints, simplified procurement process in infrastructure building, 2017 investment priority plans, and flagship projects. DTI Undersecretary Ruth B. Castelo, undersecretary for Competitiveness and Ease of Doing Business Group said the dialogue has sought to encourage more local and smaller contractors extends/PAGE 10

higher than end-February’s $445 million deficit due to the $550-million deficit last March alone. The March 2017 BOP position is a reversal from the $854-million surplus in the same period last year while the end-March level this year is higher than the $210-million deficit same quarter in 2016. Balance of payment is defined as the sum of a country’s total transactions with the rest of the world at a given time. Monetary officials have attributed the developments on t h e c ou nt r y ’s B OP position to negative external developments, such as expectations of

more increases in the Federal Reserve rates. Another factor is the strong rise of the country’s exports on higher domestic requirements as the domestic economy continue to expand. However, BSP Deputy Governor Diwa Guinigundo earlier said the improved outlook of the International Monetary Fund (IMF) on the global economy is a welcome development. Other factors seen to support the recovery of the country’s BOP position is the improvement of the country’s exports, which rose by 11 percent last February from the 4.5 percent contraction in the same month last year. (PNA)

coverage of P500,000 per depositor per bank. The growth in deposits could also be explained by the expansion of branch network in all regions nationwide from 10,574 in end-2015 to 10,952 in December 2016. Philippine banking also opened to new players in light of the law passed in 2014 allowing full entry of foreign banks in the country. Data from the Bangko Sentral ng Pilipinas (BSP) showed that a total of 582 cities and municipalities remained unbanked as of end2016, a slight improvement from the 596 recorded as of March 2016. Of these data, there were 168 unbanked cities and municipalities in Luzon, 170 in Visayas, and 244 in Mindanao. As of end 2016, the Autonomous Region for Muslim Mindanao (ARMM), Eastern Visayas (Region 8), and t he C ordi l lera Administrative Region (CAR) remained the top regions with the most unbanked cities and municipalities at 108, 99 and 50 cities and municipalities, respectively, representing 44 percent of all unbanked areas in the Philippines. The number of unbanked areas was partly contributed by the closure of 22 banks in 2016 where three were located in CAR, Region 4-A and Region 6. deposits/PAGE 11

5 OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

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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

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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

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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.

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EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081

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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

Keying in the colors of summer, makeup artist Britos Herrera Jeniva perfectly blends in just the right amount of touch for model 18-year-old Kathleen Joy Sulib, an Information Technology student of Phinma-COC. Kathleen wants to be a corporate manager someday. KINGDUFFS PHOTOGRAPHY

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558

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UCPB BANK SAVINGS- OPOL Gf forever Books Bldg.Bulua National CDO 754519/8588063 UNION BANK Lapasan Cm.Recto Cdoc | 8566847/8563805 WEALTHBANK Velez Gomez St. Cdoc | 8568942/722174 1ST VALLEY BANK Vamenta Blvd. CornerLirio St. Carmen, Cdoc 8501871/ 8584146 OROBANKERS CLUB Inc. Pnb Carmen | 09151850242

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friday|April 21, 2017

NGCP upgrades outdated facilities inherited from TransCo

S Constructing Dreams into Reality Written by JAMILA M. TAHA, DSWD

Me e t R e m i e Pat a l i t a Jr., a persistent young individual from Barangay Bukangliwayway, Kibawe, Bukidnon who recently earned a promotion as a Line Quality Control at the Hanjin Heavy Industries (HHI) and Construction Co. Ltd. Philippines in Subic Zambales. Mr. Patalita was one of the 30 beneficiaries who completed Plumbing NC II, a technical course supported by the Department of Social Welfare and Development’s Sustainable Livelihood Program (SLP). For 20 days, the program beneficiaries went through vigorous and hands on training on plumbing to prepare them for possible employment. Motivated by his dreams to develop education and support his family (a mother who is under medication and a younger brother in school), Mr. Patalita, worked his way to succeed. Months after he completed the technical c ou rs e, h e subm itte d himself to a free Pipe Fitting NC II offered by the Technical Education and Skills Development Authority (TESDA). He then worked as a trainee at the Cagayan de Oro City Water District Office for a month, to gain experience. Given his credentials,

he then received an opportunity to work as Pipe Fitter at one of the largest construction industries in the Philippines. This is an employment opportunity, which DSWD worked out and supported through SLP’s Pre-employment Assistance Fund (PEAF) amounting to Php 3,500.00, to complete his documentary requirements to take the job. Since his employment, he was able to send about 50,000.00 to his family. “The success of our program b enef iciaries is our success as well”, says Gretchen Jimenez, the Project Development Officer for SLP, assigned in this municipality. The SLP is a multistakeholder program of the department that aims to improve the standard of living of poor households by facilitating opportunities for d e ve l opm e nt an d management of resources viable for micro-enterprises, community empowerment through skills training and employment facilitation. The provision of Te c h n i c a l / Vo c a t i o n a l Skills Training and PreEmployment Assistant Funds form part of the mo d a l it i e s of SL P to improve the employable skills of beneficiaries.

ince it took over the operations and maintenance of the country’s power transmission network in 2009, NGCP has introduced major physical and technological upgrades to aging state-owned lines and facilities. NGCP’s National Control Center, the heart of its nationwide transmission operations, received a much needed physical upgrade in 2012, from old CRT monitors and unreliable monitoring systems to the introduction of the Open3000 system. The application allows the synchronized operation of the three main grids (Luzon, Visayas, and Mindanao) from only one platform, allowing efficient overall monitoring and quick response in case of system faults and grid disturbances. The system forms the Supervisory Control and Data Acquisition (SCADA), a collection of computers, equipment, and application software integrated into a system to acquire real-time data on power system parameters and to provide monitoring and control facilities for remote devices such as breakers. The Luzon Grid, accounting for more than 70% of the country’s total power demand, likewise earned a reinforced Backup Luzon Regional C ont rol C e nte r w h i ch

A refurbished and upgraded National Control Center as it looks today.

duplicates the function of the National Control Center and its operations in times of emergenc y. Back-up Control Centers are also in place for the Visayas and Mindanao grids, ready to operate should the existing regional control centers be unable to carry its function. At the district level, upgraded District Command Centers manage and administer power transmission services at a provincial level. While the physical upgrades have been set, protocols were also improved to increase operational efficiency and

move away from the acquired traditional processes. As System Operator, a new unit was created solely to provide weather monitoring and report dissemination not only to internal groups, but also to other external agencies such as the Department of Energy (DOE) and the National Disaster Risk Reduction and Management Council (NDRRMC.) The creation of the Overall Command Center (OCMC) unburdens the grid dispatchers, who have previously held the function, and allows them to focus on the crucial role of maintaining

Regional Control Centers in Visayas and Mindanao also received much-needed physical and technical upgrades.

and managing a stable grid, especially during typhoons and national events. NGCP President and CEO Henry Sy, Jr. affirmed the company’s directive towards modernizing and creating a grid at par with its counterparts in Southeast Asia. “At NGCP, we dream big, so we can be big. There are no two ways about it. Apart from a unified power grid, we want to revolutionize our entire transmission network to exceed those of our Asian neighbors. With every technical upgrade, every facility addition, every process modernization, we are getting there. We want to lead the way.” Mr. Sy added, “It is NGCP’s duty to ensure the reliability of all its facilities. We want to be the best utility in Southeast Asia. We will begin this journey by upgrading the outdated facilities we inherited from TransCo and putting in place state of the art technology. Our customers can be assured that NGCP is continuously looking to improve its performance across all its functions that are part of its mandate.” NGCP is a Filipino-led, privately owned company in charge of operating, maintaining, and developing the country’s power grid, led by majority shareholders Henry Sy, Jr. and Robert Coyiuto, Jr.

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Friday | April 21, 2017

Toyota Financial Services CDO bags 4th runner-up nationwide Story by MARK FRANCISCO Photos Supplied

TOYOTA Financial Services Cagayan de Oro Lending Desk is fourth runner-up among 34 provincial Toyota dealers nationwide in 2016 many thanks to the all-out support of its host Toyota Cagayan de Oro. According to Mindanao team head Bennie R. Amboayan, his team owes a lot to the support of Toyota Cagayan de Oro management and its marketing professionals and group sales managers for making it to the top fourth performing TFS lending desk in the country. The accolade was given last February 3 in Valykyrie, Uptown Bonifacio, Taguig City by Toyota Financial Services Philippines president Atsushi Murakami himself. On hand to witness the rite were Toyota Financial Services Philippines chairman

Dr. Antonio Abacan Jr., Toyota Cagayan de Oro President Betty U. Lu, Toyota Cagayan de Oro senior vice-president/ general manager Peter U. Limlosuy, Toyota Financial Services Philippines treasurer Dr. David T. Go and Toyota Financial Services Philippines senior vice-president Rommel Ocampo. Given due recognition by the Toyota Financial Services national team was Mariecris Tadena-Capili who aced tenth among Toyota Motor Philippines marketing professionals nationwide. She is the number one marketing professional who was recognized earlier at a separate ceremony in Cagayan de Oro City. Amboayan is confident that TFS Cagayan de Oro Lending Desk will continue to reap more accolades in the months and years to come.

African Legacy International holds leadership forum T he A f r i c a n L e g a c y International (ALI) will host a symposium on cultural dipl omac y ( Cu lture in Leadership) on June 1-2, 2017 at Marriot Hotel in Rome, Italy. ALI President and CEO Innocent Ogu said the twoday symposium will focus on providing civic, business, media and government leaders insights on the complexities underlying good governance based on cultural diplomacy to achieve cultural leadership, global understanding and building lasting relationship. Globalization has been breaking down borders across continents, culture being the lifeline of governments and civil society in the attainment of good governance and sustainable development, Ogu said. He said the symposium will bring together leaders in the diplomatic corps of various nations and international groups to champion the socio economic and socio cultural relations that would positively affect the people of all races regardless of beliefs, traditions, principles and color. Cu ltu r a l D ipl om a c y

2017 linkhttp:// africanlegacyinternational. com/c u l le ad/ w i l l a ls o involve representatives of great cultural heritage from different ethnic groups of the African/European continents to share new ideas about all aspects of culture, make practical decisions on the challenges at hand and agree on possible solutions, Ogu stressed. The primar y goal is to enlist top government functionaries, legislators, diplomats, top business executives, investors, consultants, and all other stakeholders. He e x pl ai ne d the objectives of the event which include the strengthening of cultural values and as well give voice to academics and other shareholders that will contribute to the promotion of cultural diplomacy globally. Ogu also said discussions will focus at length subject matters on how cultural diplomacy can successfully guarantee good governance and leadership and how culture can act as a medium for the interchange of ideas amongst leaders and nations from different cultural backgrounds.

The forum will also deal on the effects of culture in education, security, finance, health, agriculture and technology; examine the roles of cultural artifact custodians in Africa, Asia and Europe, and hear from industry leaders from across the continents cultural practices and beyond, he said. African Legacy International Media Services Ltd is an international media services agency rendering various media consultancy services to corporate bodies, government agencies, NGOs and individuals worldwide. ALI is registered with t h e C o r p o r at e A f f a i r s Commission of the Federal Republic of Nigeria with registration number RC944357. Since its establishment, it has positioned itself as a valuable, reliable and patriotic media organization poised to project true Leadership, Good Governance, Accountability and Stewardship. Ogu, a young and dedicated entrepreneur, media mogul and global business leader stressed that the event represents a moment of international meeting to exchange ideas among

cultural institutions, nongovernmental organizations, financial operators and the academia. Ac c o r d i n g t o O g u , the event is a moment of encounter as well between Europe, Africa and Asia to discuss about global sustainable development and peace through international dialogue. “The participants will have available opportunities to interact with global leaders, top government officials, diplomats, investors, CEO’s of reputable organizations, consultants, intercultural disciplines, among others” he said. On top of serious discussions and idea sharing, delegates from all over Africa and Europe and Asia will be entertained with colorful cultural dances, exhibitions and awards. For event participation, p ar t nership, abst rac ts/ proposals and sponsorships, contact: African Legacy International, No. 6, Road 131, Team One, NNPC Filling Station, Gwarimpa AbujaNigeria +2348039707794; e m a i l : i n f o @ africanlegacyinternational. c o m We b s i t e : w w w. africanlegacyinternational

Ororama draws 1st quarter winners of Bonggang Papremyo Para sa Inyo Year 2 By MARK FRANCISCO

ORORAMA held the first quarterly draw of its Bonggang Papremyo Para sa Inyo Year 2 recently. The three winners of one Go Pro Hero 5 unit each were Marlon Cinco of GK SM Canitoan, Estrella Dalis of Consolacion, Cagayan de Oro City and Anjeline Vidal of Cagayan de Oro City. The rest of the 48 consolation prize winners got themselves gift certificates worth P2,000 each. They were Darl Aban, Louie Acido, Saidmen Aluyodan, Tita Amancio, Michelle Amparado, Wilieldelitha Arcamo, Paulina Armecin, Rolando Arsolon, Marissa Babanto, Rommel Baguion, Marjorie Bargayo, Val Dexter Bayron, Marvin Bolanio, Kenneth Jane Bollozos, Wenefreda Filippino, Eden

Galdo, Daly Germo, Christalyne Goayan, Lailanie Granada, Faith Javellana, Gaudiosa Las Piña, Vicente Laurente, Michael Jay Legaria, Emily Lora, Lorna Maagad,Adelina Malijo, Angela Mercadejas, Marites Micabello, Raul Naling, Walter Natural, Michelle Rose Nietes, ERlinda Obra, Mateo Ocor, Evangelyn Olquiza, Ronielyn Omag, Rheomie Opiasa, Vangeline Panganoron, Consorcia Payne, Ivan Pelayo, Nneka May Pilapil, Gina Polon, Mary Ann Rayoso, Jovie Reposposa, Shiela Robles, Rodelia Tuquib, Odessa Udang, Marvin Villacer and Mercedes Virtudazo. For the second quarter, a computer set with printer and computer table will be given away along with 48 gift certificates worth P2,000 each.

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friday|April 21, 2017

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friday|April 21, 2017

Star, Inc. and 7-Eleven to introduce e-commerce business model

When you’re in Davao City, Read:

HOTELS & RESORTS DIRECTORIES

VILLA MARGARITA HOTEL J. P Laurel Avenue, Bajada, Davao City, Philippines Tel. No.: (082) 221-5674 / Fax No. (082) 226-2968 MICROTEL By Wyndham Davao Damosa Gateway Complex Angliongto Rd., Lanang Davao City 8000, Philippines Tel +63 82 233 2333 / Mobile +63 917 795 3548 www.microtelphilippines.com PINNACLE HOTEL Sta. Ana Avenue, Davao City. No. (082) 300-5885 Telefax: 300-1881/ 221-3025 Website: www.thepinnaclehotel.com

T

echnology company Star Telecom Alliance Resources Inc. (STAR, Inc.), makers of Filipino mobile phone brand Starmobile, has forged a partnership with convenience store chain 7-Eleven to introduce an innovative e-commerce business model that aims to make online shopping easier for consumers nationwide. This par tnership will allow customers to order PLAY Lite and PLAY Five through 7-Eleven’s multi-channel CLIQQ store, found on Google Play and the Apple App Store, as well as electronic kiosks and catalogs instores. Once they have confirmed their orders, they can pick-up their orders the following day. Customers can opt to pay for them digitally through any of CLIQQ’s platforms or inperson through 7-Eleven counters, before or after they pick-up their chosen phones, using cash or credit card. “This e-commerce model that gives customers a variety of flexible discover y, payment, and pick-up options first rolled out in 7-Eleven stores in Taiwan. It has proven so successful that 35% of all e-commerce packages in the countr y now go

through 7-Eleven branches, eventually helping make Taiwan the world’s most developed e-commerce market, with 18% share of total retail,” said Dan Marogy of 7-Eleven Philippines. “We aim to pilot this program together with Starmobile in selected Metro Manila stores star ting April 24.” “This par tnership with 7-Eleven suppor ts our mission to bring our various devices even closer to more Filipinos. Not only are we making the latest mobile technologies more accessible to Filipinos in terms of price points, we are also making them accessible in terms of ordering, payment, and availability venues,” said STAR, Inc. Product Development Head Michael Chen. In addition to giving customers more options to purchase their favorite Starmobile phones, this e-commerce model also aims to address two key realities facing the e-commerce industr y in the countr y today – small retail baskets and expensive fulfillment logistics. Seventy-five percent of offline retail transactions in the Philippines cost Php 60 0.0 0 and below. However, online vendors can spend up to an average of Php 150.0 0 fulfilling

ALU HOTEL M. Roxas Avenue corner Padre Faura Street, Davao City. Tel No (63 82) 221-5232 / Mobile (O943) 652 3927 Email: aluhoteldavao@yahoo.com info@alu-hotel.com / www.alu-hotel.com

these orders, with expenses going even higher when returns and failed deliveries are factored. This eats into their margins and discourages them from investing fur ther in their e-commerce channels. “We are optimistic about this model as this leverages 7- Eleven’s logistics operations – one of the most efficient in the countr y – and remove the lastmile expense and costs associated with running an e - commerce warehouse by using our stores as pick up locations,” said Marogy. “In addition, this also reduces failed deliveries by giving customers an incentive to prepay in-store.” “As we apply this to the local market and learn about Filipinos’ reception to the model, we hope to eventually expand our product offering and store availability,” said Chen. “The more it becomes costeffective for us, the more we will be able to bring down price points and make our devices even more affordable for our

customers.” This venture builds on 7- Eleven’s retail par tnership with STAR, Inc. which began in 2014, when the convenience store star ted car r ying Starmobile devices in their stores. Five Awesome Years Established in 2011, Starmobile is the mobile devices division of Star Telecom Alliance Resources, Inc. (STAR, Inc.). It is founded by telco industr y exper ts with extensive experience in retail and product development. Since it first offered Android devices, Starmobile has officially become the winningest Philippine smar tphone brand with a slew of innovation awards from reputable media outfits. The company’s flagship KNIGHT series, has won top awards since 2013 — a feat that has not been replicated by any local device company. Learn more about Starmobile and its line of smar tphones and tablets by visiting w w w.starmobile. com.ph or log on to facebook.com/ starmobilephones.

GRAND REGAL Km 7 Lanang, Davao City, Philippines Tel. 235-0888 / Fax 235-2335 email: grandregalhotelegmail.com VIAJEROS ECONOMY HOTEL Patnubay St., Sandawa, Matina, D.C Tel. No. 297-5710 / Telefax (6382) 298-5134 Mobile: 0922.-8268425 Website: www.viajeroseconomyinn.com ROYAL MANDAYA HOTEL J.Palma Gil St., Davao City 8000 Phils. Tel. No. (082) 225-8888 / fax No. (082) 225-1885 info@theroyalrmandayahotel.com www.theroyalmandayahotel.com HOMITORI Bangoy Street corner Santa Ana Avenue, Davao City Tel. No. (082) 295-2969 & 295-2471 / Mobile: (0922) 8994646 Email: homitoridvo@gmail.com or Like us on www.facebook.com/pages/Homitori-Davao BIG APPLE HOTEL Brgy. Angliongto, Lanang, D.C. Hotline Nos.: (082) 234-8459 Facebook account: bigapplehotel@ymail.com Email: bigapple_hotel@ymail.com

THE PERIDOT SUITES Carmelite Drive, Lanang, Davao City Tel. no.: (082) 305-6530 / Fax no.: (082) 305-38I2 Email: theperidotsuiles@gmail.com AZIENDA MEO APARTELLE 11 Corner Pioneer and Doña Vicenta Village, Phase 1, Davao City Telefax. No: (082) 227-4119 & 284-6689 Cell Phone No. 09256652626 Website: www.aziendameo.com Email Add: aziendameo@yahoo.com.ph Big 8 Corporate Hotel Visayan Village, National Highway, Tagum City Mobile nos. 09173029063 & 09328539372 Tel. No.: (084)216-0888 Email: info@big8corporatehotel.com www.facebook.com/big8corporatehotel.com www.big8corporatehotel.com HOTEL ELENA Avenida Santos Ave., Nova Tierra Vill, Lanang, D.C Tel. Nos. (082) 233-1941 & 305.8799 / fax No. (082) 233-1887 PARADISE ISLAND Tel. No. (082) 233-0251 & 300-2343 / CP No.: 09209546780 E-mail: paradiseislanddavao@gmail.com MARCO POLO DAVAO C.M Recto St., Davao City davao@marcopolohotels.com www.marcopolohotels.com (63 82) 221-0888 HOTEL ESSE Brgy. 9-A F Torres Street, Davao City Hotline: No: 227-37-73 / Fax: 295-34-85 Website: www.hotelessedavao.com.ph Email Add: hotel_esse_davao@yahoo.com RUEMANGO APARTELLE & SUITES 516 Mangga St., Juna Subd., Matina, Davao City ruemangoapartelleandsuites@gmail.com www.ruemango.com Tel. Nos.: (082) 295-7175/ 295-7180

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friday|April 21, 2017

Alsons restocks Sarangani Bay with milkfish hatchlings A lsons Power Group subsidiary Sarangani Energy Corporation (SEC), together with the Conrado and Ladislawa Alcantara Foundation Inc. and Alsons Aquaculture Corporation led volunteers in releasing at least 105,000 bangus (milkfish) hatchlings into Sarangani Bay. The activity is part of the power firm’s commitment in improving the quality of life for residents in the communities where it operates. Alsons Power Corporate Affairs and Community Relations head Ruben Tungpalan disclosed that the Alcantara Foundation – the corporate social responsibility arm of the Alcantara Group – has been spearheading fish seeding activities since 2012 in partnership with Alsons Aquaculture Corporation, SEC and the Department

Extends... from page 5

to participate in future government projects. During the dialogue, Grace Lacerna of the BIR said that the effectivity of the tax clearance is now extended to one year, giving contractors more time to process their papers to participate in the PPP program. To be able to participate in the bidding of any of the PPP projects, a contractor must also present a tax clearance as it is part of the documentation. The BIR suggested that to avoid difficulties in entering a bid, contractors must duly accomplish a tax clearance. The BIR also clarified that the effectivity of the clearance

of Environment and Natural Resources. Tungpalan says the fish seeding is done twice a year to help ensure an abundant population of milkfish fry in Sarangani Bay. Alsons Aquaculture Corporation is the country’s largest fullyintegrated producer and processor of milkfish under the Sarangani Bay trademark- providing more than half the national requirement

for prime milkfish. The 105,000 milkfish fry were released from the SEC jetty site, underscoring the power company’s commitment to uphold environmentallysound practices in the conduct of its operations with its 210-megawatt baseload plant located in Maasim, Sarangani. The fish seeding was only one of several activities

that marked the ceremonial switchon for the first 105-megawatt section of the baseload plant hat started operating in April last year, and the start of civil works for the second 105-megawatt section of the plant. As the country’s first and most experienced independent power producer in Mindanao, the Alsons Power Group has been steadfast in its commitment to help Mindanao grow its economy by providing a reliable and stable supply of electricity that helped end the power crisis, helping fuel the region’s dynamic growth through SEC and the other power subsidiaries, namely the Southern Philippines Power Corporation, Western Mindanao Power Corporation and the Mapalad Power Corporation.

is now extended to one year. T h e D e p a r t m e nt of Public Works and Highways (DPWH) noted that there are 6,000 contractors enrolled in the registry but only 2,000 were participating in PPP projects. Nimfa Potante of DPWH said they are trying to improve the capabilities of smaller contractors and encourage them to participate in the biddings. Contractors who will secure projects with the government may opt to upgrade their category in the registry. DPWH has also emphasized the dedicated hotline for contractor’s complaints. The information can be viewed in the DPWH website and is currently being disseminated through e-mail

and SMS. According to the DPWH, some projects have already been rolled out for bidding by the department. Contractors to participate and submit documents through PhilGeps. To s i m p l i f y t h e procurement process, implement ing agencies were also advised to get training every 6 months for knowledge updates. They also consolidated alternative methods of procurement to allow for faster and more convenient acquiring of infra services. “Despite the hurdles, there is no doubt that the construction industry is more than ready, and excited to build, build, build,” said Castelo.

Now that issues have been pointed out and the implement ing agencies are actively taking part in bringing resolutions, Castelo said the industry is evidently entrusting the local contractors to handle major infrastructure projects. The CIAP is t he central authority of the construction industr y mand ate d to promote, accelerate, and regulate growth and development of the construction industry in conformity with the national goals. T he DT I - C IA P s ai d that the dialogue provided a platform for all industry sectors to exchange notes and express intent to ramp up the Infrastructure agenda in the Golden Age of Infrastructure.

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friday|April 21, 2017

Operate... from page 1

electricity costs,” he said. The 2001 Energy Power Reform Act has excluded the privatization of Agus and Pulangi hydropower complexes for 10 years, or until 2011, but the Power Sector Assets and Liabilities Management moved the privatization to this year. Majority of hydropower source comes from the state-run Agus and Pulangi hydropower complexes with an installed capacity of 982.1mw and composed of seven plants – Agus 1, Agus 2, Agus 4, Agus 5, Agus 6, Agus 7, and Pulangui 4. Rhoda Ruth Pillerin, member of the board of directors of the 1MIECOOP, said she believes the cooperatives can pool enough funds to acquire Agus and Pulangi and even construct a new hydropower plant. She said they can do it because many of its members are billionaire cooperatives. At present, 1MIECOOP has 35 members with a combined asset of P20 billion. “At the end of the day, this would be a dream come true for the energy sector if this is going to happen. We want to democratize the energy sector which is being controlled by a few families,” she said. She said energy generation is a “lucrative investment” and opening the industry to the cooperatives will enable regular members to become part owners of new power projects. Silagan said they are awaiting the response of the Department of Energy to their letter of intent sent in September 2016, expressing their interest to bid for Agus and Pulangi and construct a power plant in Agusan River. He said they are getting technical support from the Engineering and Development Corporation of the Philippines in complying with the requirements to construct a power plant, initially a 20-MW hydro plant in Loreto, Agusan del Sur.

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Gina Lopez there would no mining disaster that would take place because the dams have been built with the best engineering structure that complied with global standards. Lopez visited the mining site of Philsaga after her office received complaints from residents of Bayugan 3 village about the possibility of a dam collapse that would cascade towards Bonifacio Elementary School located a kilometer away below the mine dams. ut Villanueva said a thirdparty audit team has certified after a thorough inspection of the structure to be in best condition that can endure even a strong intensity seven jolt. Philsaga was among the few mining companies in Caraga region that passed the mining audit conducted by the Department of Environment

and Natural Resources last year. Villanueva said the audit team spent nine days in their mine site to check of any environmental law violations before they certify that the company passed the standards. Lopez agreed that good practices of Philsaga like engaging on underground tunnel mining and good engineering system made them passed the audit. She was ecstatic to learn that Philsaga will build a large butterfly sanctuary within their mining site funded through their yearly P50 million Social Development and Management Program and the Corporate Social Responsibility program. “We will work with you and we’ll build paradise here,” Lopez told Villanueva during their talk while she was making a brief tour around the tailings ponds site. Vi l l anu e v a s ai d t h e butterfly garden that will be built within the reforested area of the company will cover four hectares like that of Butterfly Haven Lamesa Eco Park in Quezon City. He said he prefer the site within the reforested area so that visiting school children will not only appreciate the several species of butterflies but to let them learn the different kinds of endemic trees. The company maintains a 120-hectare reforested area located within the mining area complex where dipterocarp species including Lauan, Almont, Molave, Narra and Kamagong planted since 2010 are now fully-grown. The sturdy trees can be seen atop the hill on the original mine portal of the company and traversing around t he p er i meters through Saga Shaft and the ongoing construction E15 Service Shaft and the company tree seedlings nursery. A site officer appointed by DENR will ensure proper maintenance of the butterfly sanctuar y of which the company will shoulder the salary. Philsaga spearheaded the planting of mangroves covering five hectares in the coastal areas of Barobo town in Surigao del Sur where 90 percent of the plants have already survived. It has also developed a 12-hectare giant bamboo farm situated near the tailings ponds where some 8,000 seedlings were planted.

Cultural...

from page 1 Aside from being home to the Philippine Eagle, she said Mt. Talomo is an important recharge area of t h e Ta l om o - L ip a d a s watershed. Citing the suggestion of DOT 11 director Roberto Alabado III, the mayor said in a separate interview over ABS-CBN that the visitors can immerse in the cultural community where they can camp out and do regulated hiking activities that will not destroy the watersheds and the nesting areas of

the eagles. Duterte asked for t h e c o op e r at i on of t h e lumad community for the preservation efforts of Mt. Talomo. On Apr il 7, t he Watershed Management C ouncil (WMC) passed a resolution urging the mayor to issue a statement addressing the unauthorized/illegal c l i m b i n g a n d t re k k i n g activities on Mt. Talomo. The WMC also supported the closure of Mt. Talomo indefinitely and urged local enforcement agencies to act appropriately to ensure the non-entry of climbers. It also recommended to t he mayor to gat her all tour operators, holders of certificate of ancestral domain titles (CADT), barangay officials, Department of Environment and Natural Resources (DERN), and C i t y E nv i ro n m e nt a n d Natural Resources Office (CENRO) to discuss actions to address illegal trekking. Cre ate d t hroug h t he 2 0 0 7 Wat e r s h e d C o d e , the WMC ser ves as a monitoring and evaluation council that ensures the protection, conservation and management of the watershed areas, an d i ssu e p ol i c i e s t h at would ensure the health and sustainability of the watershed areas. According to the res olut ion, Mt. Ta lomo ridge is covered within the Mt. Apo Natural Park that, along with its peripheral areas as buffer zones, was declared as a protected area by Republic Act 9237 (Mt. Apo Protected Area Act).

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Resident-farmer Leonida Aquilam said that with the new road they plan to expand their area planted to lanzones, since “the road is now accessible.” Relief to schoolchildren The new Membuli FMR is expected to benefit around 1,400 residents including schoolchildren who used to traverse the difficult road going to their school. “The children had to walk the pockmarked road and it gets worse when it rains. They even experienced stumbling over the slippery road,” Annieliz Odchigue, a t e a c h e r of Me m bu l i Elementary School said. But with the concreted road, Odchigue said that motor vehicles are now able to fetch and deliver the schoolchildren to the school. “I noticed that we have more enrollees now and the parents cited the accessibility of the road as a reason,” she said. According to Membuli Barangay Captain Fructoso Abejar, the barangay officials have assured that they will conduct regular cleanup drives along its shouldering to maintain the road that is a “long-answered prayer” for the people. (Jay M. Rosas, PRDP Mindanao)

SM...

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open at least four new malls in the Philippines with an estimated combined 300,000 sq.m. of additional shopping space. SM Investments, owned by the countr y’s richest man Henry Sy, Sr., has core businesses in retail, banking and real estate. The family also has interests in gaming, geothermal energ y and infrastructure.

Ayala... from page 3

out P87 billion worth of developments in 2015. “As the property market continues to maintain a generally robust outlook, with stable interest rates, steady flow of OFW remittances, a thriving BPO sector, and a growing tourism sector, we look forward to introducing new projects in 2017 to support our growth targets and sustain our contributions to the local economy,” ALI President and CEO Bernard Vincent O. Dy said, noting that the company is on track to reach its long-term growth target. Under its 2020 Vision, Ayala Land is targeting a 20% annual growth rate to hit a net income of P40 billion. For its international business, Ayala Land is scouting for investment opportunities in Indonesia and is open to raising its 32.95% stake in Malaysian firm MCT Bhd. “at some future time,” Ms. Dy said. The company likewise met with “a few” Chinese firms interested in developing large-scale, mixed-use communities, Mr. Dy said, but preliminary talks have

not progressed. “O n e c h a l l e n g e f o r investors coming in is to assemble necessary amount of land if you’re doing something with scale,” he said. NEW CFO Meanwhile, ALI Chief Finance Officer Jaime E. Ysmael is stepping down from his position to take on a full-time role as chairman and president of property developer Ortigas and Co., where the listed real estate giant has a 21% interest. ALI Treasurer Augusto D. Bengzon will assume the role of CFO for the listed company. Mr. Ysmael will lead the development of Ortigas’ key assets in Metro Manila, n am e l y t h e Gre e n h i l l s Shopping Center in San Juan, the 10-ha Capitol Commons in Pasig City, the 18.5-ha Frontera Verde in Pasig City and the 12-ha Circulo Verde. “We will fund internally to the extent that we can. If and when necessary, we can go to our shareholders,” Mr. Ysmael said. Ayala Land and SM Prime Holdings, Inc. decided to jointly manage and develop the Ortigas family’s property company in November 2014 after a legal row that lasted two years.

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eternal life to every person who will truly believe and live for Him. So today, why not ask Jesus to forgive you for living your way and ask Him to take full control of your life? That’s when you can start living every day with no fear… not even of death! Just Think a Minute…

BWM: Apr. 7, 12 & 21, 2017

from page 5

“The continuing growth of t he b an k ing system poses both challenges and opportunities for financial inclusion,” Tan said. “The pre s e n c e of u n b a n k e d municipalities underscores the importance of continuous efforts to promote financial inclusion to ensure that rural and far-flung communities have access to much-needed formal financial services,” he added. The PDIC, as part of the National Strategy for Financial Inclusion, strongly supports the government’s financial inclusion thrust. To this end, PDIC regularly conducts lectures on financial literacy and the importance of responsible banking to empower depositors and the general public with information that will help them make informed financial decisions. (PNA)

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

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 43 Gingoog City

AFFIDAVIT OF ADJUDICATION BY SOLE HEIR I, VILLAMOR VENTURA, of legal age, Filipino citizen, single with residence address at Alubijid, Misamis Oriental, after having been duly sworn to in accordance with the law, do hereby depose and say; That I am the only legal surviving heir of my nephew, ROY ODON VENTURA POBLETE II, who died intestate, single and with no known children on September 18, 2013 at Papua New Guinea (Death Certificate is hereto attached and marked as Annex ‘’A’’ and made integral part hereto.) That the deceased ROY ODON VENTURA POBLETE II left an estate consisting a parcel of land covered by TCT No. T-172244 located at Patag, Cagayan de Oro City, more particularly described as follows: A PARCEL OF LAND (Lot 23-B, Psd-10-035615, being a portion of Lot 23, Block 1, (LRC) Psd-52342) situated in the Barrio of Patag, City of Cagayan de Oro. Containing an area of TWO HUNDRED FIVE (205) SQUARE METERS, more or less. That pursuant to Rule 74, Sec. 1 of the Rules of Court, I hereby adjudicate unto myself the above described real estate by means of this Affidavit and hereby files same with the Register of Deeds and Assessor’s Office with the request that said adjudication be made effective without judicial proceedings as prescribed by the aforementioned Rules of Court. Under Notary Public of Attorney Melanie B. Ortiz-Rusete; Doc. No. 164; Page No. 33; Book No. 16; Series of 2017.

Deposits...

OFFICE OF THE CLERK OF COURT & EX-OFFICIO SHERIFF NOTICE OF EXTRA-JUDICIAL SALE File No. 224-2017 Upon Extra-Judicial petition for sale under Act 3135 as amended by Act 4118, filed by HOME DEVELOPMENT MUTUAL FUND (Pag-ibig Fund) with Branch office address at Pag-ibig Fund Bldg. J.R. Borja St., Cagayan de Oro City. represented by its Dept. Manager Reynaldo P. Cue against CLINTON F. BADILLA married to RHODELIA M. BAD1LLA, both of legal age, Filipino citizen, with resident of Rizal, Gundaya Sts., Gingoog City, Misamis Oriental, to satisfy the Mortgage indebtedness which as of December 01, 2016, have amounted to FOUR HUNDRED EIGHTY THOUSAND THREE HUNDRED SIXTY EIGHT PESOS AND 97/100 (P 480,368.97) Philippine Currency, inclusive of interest and penalty charges as of December 01, 2016, excluding foreclosure expenses and other monetary obligation. The undersigned Sheriff will sell at Public Auction on June 13, 2017, to the highest bidder for CASH at 9:00 o’clock in the morning to 4 o’clock in the afternoon at the Office of the Clerk of Court, Branch 43, Regional Trial Court, Dugenio St., Gingoog City, the following properties with all the improvements existing thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-14685 “A PARCEL OF LAND (LOT 24. Pcs-10-001397, being a portion Of Lots 12, 13, 19, 15 & 20, Pcs-10-000734, Lots 14-A & 14-D, Psd-10017836, Lots 2-D, Psd-10-015608 & Lots 1, 4, Pcs-10-000852 Situated in the Poblacion, City of Gingoog, Island of Mindanao. Including all improvements existing and to be constructed/erected Found thereof. Containing an area of TWO HUNDRED SIXTY FIVE (265) SQUARE METERS MORE OR LESS”. All sealed bids must be submitted to the undersigned on the above stated date and time. In the event the Public Auction should not take place on the said date. it shall be held on the next working day without further notice. The prospective buyer/s may investigate for themselves the title of the herein described property/properties and the encumbrances thereon, if any there be. Gingoog City, April 10, 2017.

FOR THE EX-OFFICIO SHERIFF BY:

BWM: Apr 21, 28 & May 5, 2017

(Sgd.) FLORA C. PEREZ Sheriff IV RTC-Branch 43 Gingoog City

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friday|April 21, 2017