BusinessWeek Mindanao (April 25-26, 2022)

BusinessWeek M I N DA N A O CREDIBLE

Volume XII, No. 134 AS OF 6:00 PM APRIL 22, 2022 (FRIDAY)

X

US$1 = P52.315

0.050 cents

PHISIX

X

6,998.59

62.90

RELIABLE

www.businessweekmindanao.com

Market Indicators FOREX

YOUR MINDANAO-WIDE BUSINESS PAPER

points

Briefly Shell's Davao plant

IN-DEPTH

Mon-Tue|April 25-26, 2022

P15.00

South Korea targetting Mindanao agri, energy S

OUTH KOREA is hoping to forge private sector-led partnerships in Mindanao agriculture, energy and infrastructure ventures, its embassy in Manila said, expanding on South Korean companies’ longstanding relationships in Luzon and the Visayas.

LISTED firm Pilipinas Shell Petroleum Corporation will be setting up its third largest import facility in Sta Cruz, Davao which will have a rated capacity of 67 million liters and will be due for commercial operations in the next two years.

The Darong import facility in Sta. Cruz is a joint venture between Northern Star Energy Corporation of the Delgado group and the DMCI Construction and Equipment Resources Inc. (DMC CERI) of the Consunji group. Upon the facility’s completion, it will be leased exclusively to Shell as its storage facility.

Additionally, the Sta Cruz Storage Corporation, which is also affiliated with the Delgado group, “will design, construct and operate the facility for Shell with an exclusive-use arrangement for a term contract — with an option to extend.”

More biz expansions AT least two companies based in the United States have expressed their plans to expand in the Philippines, the Department of Trade and Industry (DTI) said.

In a statement Thursday, the DTI said its officials led by Secretary Ramon Lopez, Presidential Adviser on Flagship Programs and Projects Vivencio Dizon, and FedEx vice president Ralph Carter met early this week in Washington D.C. to discuss the logistics firm’s expansion plans in the Philippines.

Carter disclosed that the company targets to commence its expansion plan in Clark, Pampanga soon, expanding its current capacity by five times.

Energy conservation THE problem of thinning power reserves must be addressed by both the government and private sector with the immediate adoption of energy conservation measures to ensure a problem-free election on May 9, the Management Association of the Philippines (MAP) said Thursday.

In a statement responding t o f o re c a s t s of thi n pow er reserves over the next 30 days, MAP called for the adoption of energy efficiency practices at the household, office, or business level, while urging government agencies to implement conservation measures for air-conditioner use.

It also recommended the use of compact fluorescent lamps (CFLs) for lighting, and coconut methyl ester-blended diesel fuel for vehicle operations.

It urged energy stakeholders, specifically distribution utilities, electric cooperatives, the National Grid Corp. of the Philippines (NGCP), and the Energy Regulatory Commission (ERC), to roll out measures like the Interruptible Load Program (ILP), especially in areas with increased power demand.

VIEW BY THE RIVER. Workers at a quarry by the mouth of the Mandulog River in Iligan City wait for the start of their shift early morning Friday (22 April 2022) by enjoying the view. mindanews photo by bobby timonera

NGCP earmarks P160-B capex for projects until 2025

By MYRNA M. VELASCO, Contributor

TRANSMISSION firm National Grid Corporation of the Philippines (NGCP) will be allotting mammoth capital expenditures (capex) of P160 billion to bankroll its programmed projects until year 2025, which are aligned with its 5th tariff regulatory reset filing with the Energy Regulator y Commission (ERC).

NGCP noted it “continues to invest in undertakings for

the improvement of the power transmission grid,” with the company emphasizing that “we are working on applying smart grid technologies to ensure reliable, efficient, and safe operations and create a world-class transmission network.”

Part of the capex allotment is for its operations and maintenance O&M) spending, which had been earmarked with a budget of P22.3 billion

under its tariff application as anchored on the performancebased ratesetting (PBR) methodology prescribed by the ERC. The O&M capital will be used for substation and transmission line reliability projects, upgrading of O&M tools and equipment, as well as network facility improvement with the introduction of smart grid technology.

A total of P7.1 billion have CAPEX/PAGE 11

“The sessions of the meeting or forum on April 26 will consist of agriculture, energy and resources, and infrastructure,” the embassy’s First Secretary Lee Youngsin said in a Viber message to BusinessWorld.

The Republic of KoreaMindanao Sectoral Discussions and Business to Business Meeting will be held in Davao City to help South Korean companies KOREA/PAGE 11

P516-M bridge seen to boost Region 10, BARMM economies THE newly completed P516million bridge between Lanao del Sur and Bukidnon provinces is seen to boost the economic prospects of Northern Mindanao and the Bangsamoro Autonomous Region in Muslim Mindanao, officials said.

Lanao del Sur provincial government announced Fr i d ay t he c ompl e t i on of the Cadayona Bridge situated between Tagoloan II, Lanao del Sur, and Talakag, Bukidnon.

The bridge is a joint

project between the Bangsamoro Autonomous Region in Muslim Mindanao's (BARMM) and the Lanao del Sur's First District Engineering Office of the Department of Public Works and Highways (DPWH).

In a statement, Lanao del Sur Governor Mamintal Alonto-Adiong Jr. said the bridge will lessen the travel time between the province and this city to less than two hours, and "will help boost economic activity between BRIDGE/PAGE 11

DSWD, drugstore chain to distribute medicines for Camiguin indigents A M E MOR A N DUM of agreement (MOA) signed between the Department of S o c i a l We l f are an d Development in Northern Mindanao (DSWD-10) and drugstore chain Mercury Drug is seen to bolster efficient distribution of medicines to beneficiaries in Camiguin province.

"The MOA states that medical assistance will be provided in a form of a cash voucher. They (beneficiaries) will present this (voucher) to Mercury Drug, so they can get medicines or assistive

devices," DSWD-10 social marketing unit head Roshiel Galia said in an interview Friday.

Galia said while the other localities also have existing partnerships with the drugstore company, the MOA between the agency and Mercury Drug-Camiguin branch was the first for a province.

DSWD-10 Director MariFlor Dollaga-Libang said Thursday's MOA between DSWD-10 and Mercur y Drug aims to ensure that MEDICINES/PAGE 11

DAVAO ARTWORK. Art enthusiasts examine the details of one of the artworks on exhibit at this year’s Davao Artist’s Festival at La Herencia at the Davao Convention grounds along Torres Street, Davao City during the opening on Thursday evening. The exhibit will run until April 26, 2022. mindanews photo by yas d. ocampo

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

2 DOH-10 receives part of donated P10-M vaccine materials by LDSC THE Department of Health in Northern Mindanao (DOH-10) received Wednesday part of the P10 million worth of vaccine storage and cards donated by the Latter-Day Saints Charities (LDSC) nationwide.

During a turnover ceremony, Dr. Jose Llacuna Jr., DOH-10 director, received four cold storage transport boxes and 30,000 vaccine cards for the region.

Llacuna said the storage boxes are not for all Covid-19 vaccine brands, but they will be used in other immunization programs as stipulated in the deed of donation between DOH and LDSC. "There are two

(Covid-19) vaccines that cannot be stored here because they need negative 20 to negative 40 centigrade. So, we are going to use it for the routine immunization," he said, referring to routine immunizations such as measles and polio vaccines.

Ronald Aban, manager of the welfare and selfreliance services of the Church of Jesus Christ of Latter-Day Saints, said the church helps the government in DOH's National Immunization Program (NIP).

He said the goal of the NIP is to vaccinate 1.5 million children.

Aban said LDSC VACCINES/PAGE 11

Local

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

MON-TUE|APRIL 25-26, 2022

TFBM hosts anew Ramadan Iftar for traditional leaders M ARAWI City -- Task Force Bangon Marawi (TFBM) hosted once again a Ramadan Iftar (breaking of the fast) dinner with traditional leaders here in celebration of the strong ties between them.

During the Iftar, TFBM chief Secretary Eduardo Del Rosario announced that the construction of Torogan in Brgy.

Sagonsongan which will serve as the office of the Marawi Sultanate League (MSL) is now 95% complete.

He said they are planning to turn over the structure next month during the Marawi Week of Peace celebration.

"As you can see, it’s not totally complete yet as there are some improvements that we have to fund. One of those is the construction of the road leading to the Torogan and the landscaping of the whole facility para kapag may bisita tayo, kapag may magpunta sa Torogan [so that when we have visitors, when they go to the Torogan], from the outside alone they will be impressed already," he further said.

The TFBM chief

said he has coordinated with city mayor Majul Gandamra to include the construction of the road leading to the Torogan and the landscaping outside the cultural structure in the funding that he is requesting from the national government.

An adopted son of the MSL, Del Rosario also reaffirmed his support for all the projects being undertaken by the sultanate.

For his part, MSL chairperson Sultan Nasser Sampaco conveyed their

gratitude to the TFBM chief for providing them with Torogan and for leading the repair and reconstruction of the most devastated mosques in the city which he described as a gesture of sincerity to help the Meranaw people get back on their way of life.

"On behalf of the Marawi Sultanate League, I am genuinely expressing our utmost gratitude to the TFBM chairman for all the good things he has done to make our cherished city great again," he said.

NEDA-10: Government support vital for innovation to flourish

by GABRIEL D. ANDRES

CAGAYAN DE ORO CITY—To ensure growth in the country’s national and regional innovation ecosystems, the government must be involved in creating policies and allocating proper funding for our innovators, a chief development official here said.

National Economic and Development Authority (NEDA)-10 Regional Director Mylah Faye Aurora Cariño said the government and its stakeholders are largely responsible for creating the optimum environment for Filipinos to materialize their innovations by means of crafting policies and ensuring sufficient funding.

“For ideas to take off, most of them would really need the support, not only of the government,

National Economic and Development Authority (NEDA)10 Regional Director Mylah Faye Aurora Cariño says the government and its stakeholders are largely responsible for creating the optimum environment for Filipinos to materialize their innovations by means of crafting policies and ensuring sufficient funding, during the Northern Mindanao Regional Innovation Day dubbed ‘Filipinnovation: Unlocked’ at SM City Cagayan de Oro, April 21. (JAKA/PIA-10)

but also of other stakeholders. That’s why [the] government's role is to really get out of the way of our innovators, provide the right environment, policy, and financial support,” Cariño said.

Stressing the importance of innovation, Department of Trade and Industry (DTI)10 Misamis Oriental Provincial Director Almer Masillones said innovation is a vital component for national development and economic growth. “[Innovation] is seen to address problems [of our] MSMEs, our challenges in the industry. Innovation will actually create better products, better services through utilizing existing resources,” Masillones said.

She added that the COVID-19 pandemic has also widely benefited from innovations and the expansive digitalization of their agency’s operations, as it allowed them to deliver education, health, SUPPORT/PAGE 11

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

MON-TUE|APRIL 25-26, 2022

3

4

Opinion

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463-826-272-000 – VAT. Reg., and with Business Permit No. 2020-04015. Tel. Nos.: (088)856-3344, (088) 810-100, 0923-432-0687, 0917-7121424

HAVE MY SAY

God always listens and often provides the specific answers and guidance we seek. Even when He chooses not to answer immediately or in the way we might have hoped, prayer itself is a way to find peace.

Prayer also energizes the heart of a believer through the power of the Spirit. Consistent prayer also releases the power of God's blessing on your life and circumstances. Jesus said, “When you pray, go into your room, close the door and pray to your Father, who is unseen.

When tragedy strikes, it's easy to harden our hearts and cry out, "God, why did you let this happen?" Maybe then, we started praying. Before, when everything went smoothly, we would not even think a minute about praying... .

"To be a Christian without prayer, "said Martin Luther, "is no more possible than to be alive without breathing."

Prayer is the only way of becoming what God wants us to be. This is the reason why Jesus spent many hours praying.

Unquestionable, our needs bring us to a place of prayer.

Confronted with danger or tragedies, as I mentioned earlier, we look for God's help. Difficult times always cause the hearts of men to turn to God into prayer.

Let me ask you: How long has it b een since you've brought your burdens to God? Since you asked His forgiveness for your shortcomings?

In his very interesting book "People in Prayer", Dr. John White reminds us that prayer is a divine-human interaction and it is always God who takes the initiative.

White writes: "God speaks and we respond. God is always speaking. To hear his voice is not usually a mystical experience. It consists merely of a willingness to pay heed to God who lays a claim to our lives."

Yes, God always speaks.

It is up to us whether we will listen and respond to Him. Many think we are the ones who initiate prayer. But prayers begin and end with God. There was a time, I wasn't in the mood to pray any more.

It seemed that God didn't listen to my prayer any more.

I didn't get what I prayed for.

Of course, not... ! That's not the meaning of praying to God. Will all my wishes be granted? Heaven forbid!

Sometimes, after we have

prayed, God's answers may puzzle us. But as time goes by and as events unfold we see God's purpose in his answers.

We might get a larger vision, what HE likes. Not what WE like... .

Think about it for a moment" How does the idea that prayer begins and ends with God affect me now? Do I have the habit of listening to God? How do I respond to Him? How do I usually pray?

Nowadays I live a wonderful life in my second and last home, the Philippines.

I never regretted moving here for good. I have everything I could ask for. I can do everything I wish to do. Thank you Lord. +++ Email: doringklaus@gmail. com or follow me on Facebook, LinkedIn or Twitter or visit www.germanexpatinthephilippines.blogspot.com or www. klausdoringsclassicalmusic. blogspot.com.

I recently received this news which should be most welcome d by investors seeking to improve their yields over the long term and at the same time participate meaningfully in achieving sustainable development goals.

BPI Asset Management and Tr ust C or p oration (BPI AMTC), the wealth management arm of the Bank of the Philippine Islands (BPI), has launched the BPI Invest Sustainable Fund Suite, a first in the country.

Aligned with its parent bank BPI as a champion of sustainability, BPI AMTC has developed three (3) new Unit Investment Trust Funds (UITFs) that seek to address issues such as climate change, renewable energy, resource efficiency, inequality, and other areas identified in the United Nations’ Sustainable Development Goals — all while seeking to deliver longterm financial returns.

"BPI AMTC recognizes that investors have now matured in their preferences, searching for investments that are not only profitable but also meaningful, not only rewarding but also impactful. Through our new funds, everyone can proactively shape the growth of responsible industries and businesses. With a minimum of USD 1,000, investors are able to access and invest in companies that integrate environmental, social, and governance (ESG) metrics and considerations in their business practices, products, services, and investment decisions, or are creating sustainability projects with positive and measurable social and environmental impact,” said Sheila Marie Tan, BPI AMTC President and CEO. C onsistent with BPI AMTC’s thrust towards diversification, the BPI Invest Sustainable Fund Suite, which

comprises the BPI Invest Sustainable Global Bond Fund-of-Funds, BPI Invest Sustainable Global Balanced Fund-of-Funds, and BPI Invest Sustainable Global Equity Fund-of-Funds, is made available across a range of asset classes designed to address investors’ unique needs and risk profiles.

Following a fund-of-funds structure, each fund in the BPI Invest Sustainable Fund Suite will be invested in a portfolio of carefully selected global target funds that invest in the best-in-class companies that adhere to the highest ESG standards or are directly tied to sustainability projects and other enabling initiatives.

For this, BPI AMTC is collaborating with some of the biggest names in the global asset management industry and sustainable investing such as Janus Henderson Investors, Schroder Investment Management, Wellington Management, JP

SPEAKING OUT

BUSINESSWEEK MINDANAO CORPORATION Publisher DANTE M. SUDARIA President/CEO ALLAN MARIO MEDIANTE Vice President for Corporate Affairs

VICENTE C. DELA VICTORIA Vice President for Operations JOE FELICILDA Vice President for Administration JOE PALABAO Vice President for Marketing ROSE MARY D. SUDARIA, PhD Vice President for Finance MIKE BAÑOS Vice President for Digital

NELSON CONSTANTINO Editor-in-Chief

MIKE BAÑOS

JUN AYENSA

Motoring Editor

Regional Editor - Caraga

MIKE BAÑOS Contributing Editors

ATTY. ANTONIO S. SORIANO

JOE PALABAO

Feature Editor

2f, ICS Building Tel.No.: 881-0176 Tiano cor. Montalvan sts.

Legal Counsel

ATTY. MARIO T. JUNI

CLIFFORD SANTILLAN

Cell No: 09352379999

Layout Artist

Juni Law Office Cruz Taal St., CDO Legal Counsel

RIVA FELICILDA Advertising

MANILA OFFICE: 9th Floor, Unit 918, CityLand Herrera VA Rufino Cor. Valero St., Salcedo Village, Makati City Tel. # : 5555392,Cell Nos.: 0955-366-5968 | 0918-527-5898 CECILIA FRESNIDO-HONRADE - New Marketing Manager DAVAO MARKETING OFFICE Door 223, Doña Segunda Bldg., CM Recto Ave., Davao City Telephone #: (082) 298-8815 Regional Mktg Manager-JOE PALABAO- 0926-8430152 Circulation-JOHN PAUL AQUINO, 0907-331-5640 OSCAR LEDESMA Bureau Chief, Bukidnon Contact No.: 0916-910-0019

Member: Philippine Press Institute Oro Chamber

I hope you dance (Pt. 2) Think a minute… In 1972 Life magazine published a story about the true adventures of John Goddard. When he was 15-years-old John heard his grandmother sadly say: “If only I had done that when I was young…” At that moment, John determined not to have regrets at the end of his life, so he wrote down 127 goals for his life.

He named 10 rivers he wanted to explore and 17 mountains he wanted to climb. He wanted to read the entire Bible, Encyclopedia Britannica, plus everything written by Shakespeare, Plato, Aristotle and other famous authors. He wanted to marry and have children.

Professionally he wanted to pursue a career in medicine, as a pilot, and also serve as a missionar y. S ound impossible? Already at the age of 47, John Goddard had accomplished 103 of his 127 goals!

You may not have as many goals as John Goddard. But if you do not have any goals in your life, you will not have much motivation to get up in the morning, nor will you have much satisfaction at the

THINK A MINUTE

MON-TUE|APRIL 25-26, 2022

Prayer is a powerful weapon

Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com

RUFINO T. MAGBANUA Vice President for Business Development

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

KLAUS DORING

Sustainable (and profitable) investing

IGNACIO BUNYE Morgan Asset Management, and PIMCO to name a few.

According to reports from Bloomberg, global ESG assets may grow to $41 trillion by the end of 2022 and may hit the $53 trillion mark by 2025, one-third of the projected total global assets under management. Accelerated growth is expected in the ESG markets, especially with increasing customer demand, government commitments, and continuous development across asset classes and themes.

INVESTING/PAGE 11

How can we recognize Christ?

JHAN TIAFAU HURST end of each day—let alone at the end of your life.

However, living life to the fullest is not only about achieving goals of activities and tasks. This is a letter written by an 83-year-old woman to her friend. “Dear Bertha, I’m reading more and cleaning the house less. I’m enjoying the view without worrying about the weeds in the garden. I’m spending more time with my family and friends…I wear my favorite clothes every day.

If it’s worth doing, I try to do it now.

I think if people had known they were dying, they would have called family and friends, including those DANCE/PAGE 11

“IT is the Lord!” (Jn 21,7) That was the excited reaction of the disciple, who the gospel described as the one Jesus loved, when Christ’s disciples made an abundant catch of fish after being told by Christ, who at first the disciples did not recognize, to cast their nets over the right side of their boat. Previous to this moment, they caught nothing.

And so, you can imagine how amazed they were at their catch of fish after being told by a stranger in the shore.

It is generally understood that the disciple who first recognized Christ was John himself, the writer of the gospel. In his youthful and pure heart, he was the first one to recognize the Lord. But perhaps the main question we have to ask ourselves upon considering this wonderful gospel story is: How can we recognize Christ in all

moments of our life, just like how John did?

To be sure, Christ is always present in us and in the world. He can never be absent, even in our worst moments. Even when we ignore him or intentionally go against him, he will still be with us. Consider the case of St. Paul who in his campaign against the early Christians was called directly by Christ to be one of his apostles. (cfr.

Act 9,1-19) But ordinarily, we can only recognize Christ if we have the desire to do so, carrying out all the relevant tasks to convert that desire into reality. For this, we need to study the life, words and deeds of Christ as portrayed in the gospels and taught by the Church. We need to develop a growing life of piety, animated by the proper spirit and supported

by some practices, like prayer, sacrifices, ascetical struggles, etc.

We have to realize that in everything that we do, the first, last and constant intention we ought to have is to look for Christ in order to find and love him. Only in this way can we be in a position to recognize Christ.

We should not just be contented with pursuing a natural or human goal in all the things we have to do, like meeting a deadline, complying with some requirements, achieving a level of efficiency, profitability, etc., which while legitimate can be dangerous if not related to the main goal of looking, finding and loving Christ.

We should be able to find Christ not only in our good and happy moments, but most especially in our difficult situations and predicaments

HINTS AND TRACES

ROY CIMAGALA when we are made to suffer or to feel that we are the victims, the receiving and losing end in our differences and conflicts with others.

When we manage to be humble, patient, charitable, magnanimous and merciful in these situations, we can be sure that we would be in a better position to recognize Christ in all the parties involved in our differences and conflicts.

CHRIST/PAGE 11

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

MON-TUE|APRIL 25-26, 2022

Toyota to launch all-new Veloz SUV TOYOTA MOTOR Philippines Corp. (TMP) is set to launch the allnew Veloz on April 29 as part of efforts to expand its sport utility vehicle (SUV) lineup in the country.

TMP said in a statement on Thursday that the Toyota Veloz is a sub-compact SUV that will be marketed to customers searching for a bold and spacious vehicle that “combines confident stylish looks with features and performance that are perfect for adventures.”

The price of the all-new Veloz starts at P1.185 million, while authorized Toyota dealers nationwide will begin accepting

reservations on April 23.

Sherwin Chualim, TMP first vicepresident for vehicle sales operations, said the introduction of the all-new Veloz “marks another milestone” for the car manufacturer.

“Previously known as the top-grade variant of the Avanza compact multipurpose vehicle range, the Veloz has evolved to become a new standalone brand ready to claim its position as a sub-compact SUV of choice for customers seeking new adventures,” Mr. Chualim said.

The all-new Veloz will be launched on 11 a.m., April 29 via Toyota’s Facebook and YouTube accounts.

More US firms eyeing to expand in PH

A

T least two companies based in the United States have expressed their plans to expand in the Philippines, the Department of Trade and Industry (DTI) said.

In a statement Thursday, the DTI said its officials led by Secretary Ramon Lopez, Presidential Adviser on Flagship Programs and Projects Vivencio Dizon, and FedEx vice president Ralph Carter met early this week in Washington D.C. to

discuss the logistics firm’s expansion plans in the Philippines.

Carter disclosed that the company targets to commence its expansion plan in Clark, Pampanga soon, expanding its current capacity by five times.

The expansion plan aims to make the facility a transhipment point for packages, which DTI said “all arriving packages are sorted and reloaded back to designated planes flying to various destinations and

PH pharma industry seen to hit P216-B in 2024 TRADE Undersecretary and Board of Investments (BOI) Managing Head Ceferino Rodolfo said the country’s pharmaceutical industry is expected to grow up to P216 billion by 2024, as it continues to be an attractive market for pharmaceutical firms.

“The Philippine health expenditure is on the rise, with consumer health expenditure growing with double-digit growth in the last three years with an average growth of 11

5

CorporateWorld

percent,” Rodolfo said in a statement Tuesday.

He said the BOI, as the country’s lead investment promotion agency, vows to support the roadmap of the Philippine Pharmaceutical Manufacturers Association (PPMA) to strengthen the local sector and increase the country’s pharmaceutical exports.

Multinational companies currently share over half of pharmaceutical sales in the

country at 56.5 percent.

Rodolfo added the country is making significant developments in herbal medicine, which is expected to support the growth of the local pharmaceutical sector.

With the availability of nature-based active pharmaceutical ingredients, such as lagundi and sambong, the industry is now developing herbal drugs for Covid-19 and dengue. “(T)he BOI wants to

home in on the research and development and supply chain development of the priority herbal plants as well as establish and maintain a cohesive policy environment for the development of the industry,” the agency said.

The BOI added the growth of local manufacturing of herbal drugs will also generate income and job opportunities for Filipinos.

Moreover, the BOI PHARMA/PAGE 10

will not pass through the Customs area”.

In 2020, FedEx announced its return to the Philippines with its $30-million gateway facility in Central Luzon.

Carter said the company also sought to have clear and flexible transshipment rules as it calls for Board of Investments’ (BOI) assistance to have an agreement with the Bureau of Customs (BOC) while the BOI is coordinating with BOC for

the drafting of a Customs Memorandum Order (CMO) on transshipment rules.

The DTI said the CMO on transshipment rules is an “important prerequisite to finalizing FedEx’s investment plan”.

Meanwhile, the DTI chief also discussed the investment plan of ENDECGROUP, Inc. and Black and Veatch (B&V), through its subsidiary Diode Ventures, LLC (USA), for an integrated EXPAND/PAGE 11

GREAT VALUE SHOP V. Castro St., Carmen, Cagayan de Oro City NOTICE OF AUCTION Starting May 6, 2022 (Friday) at 8:30 A.M. to 5 P.M., this establishment will set an Auction Sale on all pledges since December 6, 2021. Patrons are enjoined to verify their receipts.

MANAGEMENT PAHIBALO Sa Mayo 6, 2022 ang (Biyernes) sa may 8:30 A.M., sa buntag paingon sa alas 5:00 sa hapon, ang tanan nga penirenda nga wala ma lukat sa bulan sa Disyembre 6, 2021 maapil sa subasta.

Giawhag ang tanan suki sa pagsusi sa ilang resibo.

ANG TAGDUMALA BWM: April 25, 2022 NEW LIGHT PAWNSHOP Main: Gen. Capistrano Neri St., Cagayan de Oro City Branch: Don S. Osmeña St., Fronting Public Market, Cagayan de Oro City NOTICE OF AUCTION Starting May 6, 2022 (Friday) at 8:30 A.M. to 5 P.M., this establishment will set an Auction Sale on all pledges since December 6, 2021. Patrons are enjoined to verify their receipts.

MANAGEMENT PAHIBALO Sa Mayo 6, 2022 ang (Biyernes) sa may 8:30 A.M. sa buntag paingon sa alas 5:00 sa hapon, ang tanan nga penirenda nga wala ma lukat sa bulan sa Disyembre 6, 2021 maapil sa subasta.

Giawhag ang tanan suki sa pagsusi sa ilang resibo.

ANG TAGDUMALA BWM: April 25, 2022

6

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

MON-TUE|APRIL 25-26, 2022

PopCom X trains 4Ps City Links on Responsible Parenthood and Family Planning

IN ITS desire to help couples or parents exercise responsible parenting to achieve desired number, timing, and spacing of their children, DSWD Field Office X and Population Commission X have collaborated by training the City Links of the Pantawid Pamilyang Pilipino Program (4P’s) assigned in Cagayan de Oro City here.

Kenneth Haze Lustre, the Regional Program Coordinator of 4Ps, said the partnership would pave the way for the zero unmet need for modern family planning through increased access to family planning information and services.

Lustre said the 14 City Links of Cagayan de Oro City would roll out the family planning and responsible parenthood module of the

PopCom X to the beneficiaries during the monthly Family Development (FDS) Sessions after the training.

PopCom X Regional Director Neil Adrin G. Omega disclosed that the 4Ps workers would also focus on teen moms and male partners to shape and mobilize men to be responsible individuals, parents, and partners for the welfare of all.

DSWD Field Office X Regional Director Mari-Flor A. Dollaga assured PopCom X that the 4Ps workers would help promote and implement the Responsible Parenthood and Reproductive Health (RPRH) Law. Director Dollaga said the partnership will help 4Ps beneficiaries become productive and independent individuals in the future.

Deputy Executive Director of the Commission on Population Lolito Tacardon talks to 4P’s City Links of Cagayan de Oro City during the skills training on-demand generations on responsible parenthood and family planning in Dahilayan, Manolo Fortich, Bukidnon.

4P’s City Links of Cagayan de Oro City exchange ideas through role-playing during the skills training of on-demand generations on responsible parenthood and family planning in Dahilayan, Manolo Fortich, Bukidnon.

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region BRANCH 24 Cagayan de Oro City PURY CHUA, Plaintiff,

CIVIL CASE NO. 2013-245

-versus FOR: SUM OF MONEY WITH DAMAGES DORA A. ACUNA Defendants. x--------------------------------------------/ NOTICE OF SALE ON EXECUTION OF REAL PROPERTY WHEREAS, by virtue of an Order of Execution issued by the Honorable HENRY B. DAMASING, Presiding Judge of this Court on June 30, 2021, issued on the above-entitled case, for SUM OF MONEY WITH DAMAGES, LEVY, was made by undersigned Sheriff on January 10, 2022, annotated on the TRANSFER CERTIFICATE OF TITLE NO. T-187682, owner DORA A. ACUNA, thru the Registry of Deeds of Cagayan de Oro City, on the rights, interests and participation of said defendant, DORA A. ACUNA, in the real property more particularly described as follows: TRANSFER CERTIFICATE OF TITLE NO. T-187682 A PARCEL OF LAND (Lot 1, Pcs-10-000676, being a portion of Lots 1 & 2, Psd-10002842), situated in the Barrio of Bayabas, City of Cagayan de Oro, Island of Mindanao.

Bounded on the NE., along line 2-3 by Macajalar Bay; on the SE., along line 3-4 by Lot 2, of the consolidation subdivision plan Pcs-10-000676; along line 1-2 by Property Epifanio Nagac (F-10-01-020983-D). Containing an area of EIGHT HUNDRED SEVENTY NINE (879) square meters more or less.

NOW THEREFORE, by virtue of the said Order of Execution and in accordance with Rule 39, Section 18, of the Rules of Court, the undersigned Sheriff will sell at public auction to the highest bidder, for CASH and in Philippine Currency, on May 16, 2022, at 9:00 o’ clock in the morning or soon thereafter at the HALL OF JUSTICE, Goldridge Building, Masterson Avenue corner PN Roa Avenue, Cagayan de Oro City, the rights, interests and participation of defendant, DORA A. ACUNA, in the above-described real property in order to satisfy said Order of Execution, together with interests, costs, sheriff’s fees and the expenses of sale.

Cagayan de Oro City, Philippine, April 8, 2022

BWM: April 25, May 2 & 9, 2022

(SGD) TERESITO C. ESTENZO Sheriff IV

7

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

MON-TUE|APRIL 25-26, 2022

SSS asks members, employers to keep online login details to themselves Social Security System (SSS) President and CEO Michael G. Regino today urged members, pensioners, and employers of the state-pension fund to secure their login credentials on the My.SSS portal and other personal information to protect their accounts from fraudulent transactions.

Regino issued the reminder following several complaints from SSS members that their accounts with the My.SSS were being subjected to fraudulent transactions perpetuated by scammers and other unscrupulous persons.

One of the reasons why such fraudulent transactions occur, SSS insiders noted, was the tendency of some members to share their login credentials with unauthorized persons.

These login information, Regino noted, should be kept confidential by accountholders to protect themselves from scammers.

Regino likened the SSS login credentials to the Personal Identification Number (PIN) that bank depositors use to access their accounts at the Automated Teller Machines (ATM). An ATM card PIN is a multi-digit number required at bank ATMs for carrying out transactions and is initially provided by the banks.

This PIN can be reset or changed to a new PIN by the card owner but is kept as a strictly confidential information by the user.

“We have asked our stakeholders not to share their usernames, passwords, and other login details on their My.SSS accounts to unauthorized individuals. Giving your username and password to another person is like sharing your ATM PIN,” Regino said. “Anyone with this information could use your My.SSS account to avail of monetary benefits without your

authorization.”

The SSS chief cited a case wherein a member sought the assistance of another person while trying to create and access his My.SSS account on the Internet. It turned out that the person from whom the SSS member sought for help is a fixer and scammer who later drew a salary loan from the account without his knowledge.

Regino also advised members not to entertain unofficial online groups in various platforms, like Facebook, that allegedly offer easier access to SSS online accounts and provided technical assistance for a fee to loanseekers.

“We do not recognize these unofficial online groups, even those found on Facebook. We consider them illegal, and they cannot facilitate SSS transactions on behalf of our members,” Regino said.

He added that online transactions and services offered by the SSS portals are free, except when a member is requesting for a replacement of the Unified Multi-purpose ID Card (UMID), which carries a minimal fee.

Regino said members may visit the E-center in local branches and they will be assisted by SSS employees in their online transactions. “All our branches have an E-center containing several computers connected to the Internet. We have employees stationed there who are ready to help our members in creating and accessing their My.SSS account as well as guide them navigating and using the online portal for their transactions.”

Regino said the SSS management also regularly update its online facilities, such as the My.SSS Portal SSS/PAGE 10

DEED OF EXTRA-JUDICIAL SETTLEMENT OF ESTATE AMONG HEIRS WITH SPECIAL POWER OF ATTORNEY

KNOW ALL MEN BY THESE PRESENTS:

Globe expands coverage with more towerco sites

L

EADING digital solutions platform Globe has 91 tower company (towerco) sites on air since the start of the year as it continues to expand coverage to provide the best service to its customers.

As of end-March, 91 towerco sites have started carrying Globe traffic, nearly 57 percent more than the 58 sites completed in the same period in 2021.

These new towers are powering 16 provinces across the country: La Union and Pangasinan in Northern Luzon; Bataan, Bulacan, Nueva Ecija, Pampanga and Tarlac in Central Luzon; Cavite, Laguna, Batangas, Rizal and Quezon in Southern Luzon; Occidental Mindoro in Mimaropa; and Davao del Norte, Davao del Sur and South Cotabato in Mindanao.

Globe has been aggressively expanding its network through partnerships with several tower companies. With more towers in place, connecting communities and mobile improvements become more pervasive

especially in priority coverage areas.

“Our infrastructure partnerships are invaluable in our efforts to expand our reach and further boost our service for the benefit of our customers.

As more towercos carry our traffic across the country, we will reach our build goal faster, with greater cost-efficiency,” said Joel Agustin, Globe SVP Head of Network GLOBE/PAGE 10

EXTRAJUDICIAL SETTLEMENT OF ESTATE OF WILSON TY VILLAMALA KNOW ALL MEN BY THESE PRESENTS:

That the late ERNESTO UDANG and SINFOROSA UDANG, who died intestate on April 20, 1990 at Pasay City & May 5, 2014 at Lumbia, Cagayan de Oro City, at the time of his death left an estate consisting of a certain parcel of land with TCT No. T-38663 situated at Lumbia, Cagayan de Oro City, containing an area of 6,666 square meters, more or less, and has been the subject of an DEED OF EXTRA-JUDICIAL SETTLEMENT OF ESTATE AMONG HEIRS WITH SPECIAL POWER OF ATTORNEY, filed by the heirs of ERNESTO UDANG and SINFOROSA UDANG, per DOC #392; PAGE #79; BOOK #II; Series of 2021 under the Notarial Registry of ATTY. ROY I. MACUA.

That the late PASTOR A. ESPEDIDO died intestate or without a will on June 24, 1977 in Iponan, Cagayan de Oro City, during the lifetime of PASTOR A. ESPEDIDO the decedent and his wife, GILDA RARA ESPEDIDO have owned conjugal properties consisting of one (1) parcel of land with Katibayan ng Orihinal na Titulo BLG. P-4695 situated at Barrio, City of Cagayan de Oro, Province of Misamis Oriental Island of Mindanao, containing an area of EIGHT THOUSAND FIVE HUNDRED TWENTY SEVEN (8,527) square meters, more or less, and has been the subject of an EXTRAJUDICIAL SETTLEMENT OF THE ESTATE OF PASTOR A. ESPEDIDO, filed by the heirs of PASTOR A. ESPEDIDO, per DOC #184; PAGE #37; BOOK #56; Series of 2021 under the Notarial Registry of ATTY. JUVY IND V. ARUBIO.

That the late WILSON TY VILLAMALA, who died intestate on December 23, 2020 without leaving any last will and testament at Cagayan de Oro City, the said decedent at the time of his demise left behind personal properties and real properties with Personal Properties with BDO3228018584, Carmen CDOC, Wilson T. Villamala, Smart Checking, Metrobank0507050522853, Lapasan CDOC, Wilson T. Villamala, Checking, Metrobank-0503050184146, Lapasan CDOC, Wilson T. Villamala, Metrobank-0507050518686, Gaisano CDOC, Wilson T. Villamala, PS Bank100331001599, Velez St. CDOC, Wilson T. Villamala, Savings, Business: Viver Trading, 2788 Matthew St., Zone 4, Pasil Kauswagan, Cagayan de Oro City, Philippines, Real Properties; A. Title No. T-208594 situated in Barrio Canitoan Cagayan de Oro City containing an area of ONE HUNDRED FORTY FOUR (144), B. Title No. T-208593 situated in Barrio of Canitoan, Cagayan de Oro City, containing an area of ONE HUNDRED (100) square meters, more or less, C. Title No. 137-2017000849 situated in Kauswagan, Cagayan de Oro City, containing an area of TWO HUNDRED FIFTY (250) square meters, more or less, D. Title No. T-70801 situated in Barangay Kauswagan, Cagayan de Oro City, containing an area of TWO HUNDRED FIFTY (250) square meters, more or less, E. Title No. T-81890 situated in Carmen Cagayan de Oro City, containing an area of NINETY (90) square meters, more or less, F. Title No. T-144591 situated in Iponan, Cagayan de Oro City, containing an area of ONE HUNDRED (100) square meters, more or less, G. Title No. T-81889 situated in Carmen Cagayan de Oro City, containing an area of EIGHTY EIGHT (88) square meters, more or less, H. Title No. 137-2015003274 situated in Barangay Upper Balulang, Cagayan de Oro City, containing an area of THREE HUNDRD THIRTY SEVEN (337) square meters, more or less and has been the subject of an EXTRAJUDICIAL SETTLEMENT OF ESTATE OF WILSON TY VILLAMALA, made and executed in the City of Cagayan de Oro, by and among the following Heirs of WILSON TY VILLAMALA, namely: MARGARITA S. VILLAMALA, KYRA LOUISE S. VILLAMALA and KYLE MARK S. VILLAMALA, per DOC #124; PAGE #25; BOOK #62; Series of 2021 under the Notarial Registry of ATTY. ODILON A. APOLINARIO.

BWM: April 25, May 2 & 9, 2022

BWM: April 25, May 2 & 9, 2022

BWM: April 25, May 2 & 9, 2022

KNOW ALL MEN BY THESE PRESENTS:

EXTRAJUDICIAL SETTLEMENT OF THE ESTATE OF PASTOR A. ESPEDIDO

8

Banking&Finance BSP sets strengthening program for rural banks Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

MON-TUE|APRIL 25-26, 2022

OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274

METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057

ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893

METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162

BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075

METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721

BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637

METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924

BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796

METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731

BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405

METRO BANK- GAISANO 8561720

BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558 PLANTERS DEVELOPMENT BANK

Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

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

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

SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632

EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331

STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168

ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

UCPB BANK- LAPASAN Osmeña Corner Lkk Drive, Cdoc 85771842/ 725135 UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527 UCPB BANK SAVINGS-CAPISTRANO

Capistrano Corner CruzTaal St. CDO 8524099/722695

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

T

HE Bangko Sentral ng Pilipinas (BSP) has been processing 18 transactions for bank mergers, consolidations, and acquisitions since 2020 and half of these involve rural banks, BSP Governor Benjamin Diokno said.

In a virtual briefing on Thursday, Diokno expressed optimism about the improvement of the rural banking sector, especially after the central bank’s policymaking Monetary Board (MB) approved on March 3, 2022 the Rural Bank Strengthening Program (RBSP).

“We believe that the RBSP is

necessary to boost the resilience of rural banks amid the evolving challenges in the banking system and to enhance their role in promoting inclusive growth,” he said.

The RBSP has four key elements namely strengthened capital base, holistic menu of five time-bound tracks, incentives and capacitybuilding interventions, and review and enhancement of existing regulations.

Diokno said the working group tasked on the RBSP started working on the program since June 2021.

“It will ensure that the program is responsive to our goal to enhance

the operations, capacity, and competitiveness of rural banks,” he said.

Diokno said a review on the minimum capital requirements for rural banks is on the final stages, adding that a proposed circular on this will be sent to stakeholders for comments in the coming weeks.

“Based on studies, a strong capital base is critical in addressing the key challenges of rural banks. It will enable rural banks to enhance their risk management systems; upgrade resources and manage operational costs; meet prudential standards, and accelerate digital transformation,” he added. (PNA)

Economic risk trend for PHL banks revised to ‘stable’ amid eased restrictions S&P GLOBAL RATINGS has revised its economic risk trend for Philippine banks to “stable” from “negative” as the easing of mobility restrictions could help improve lenders’ asset quality.

“We have revised our economic risk trend for the Philippines to stable from negative. Philippines’ ratio of restructured loans is significantly lower than that of regional peers such as Indonesia, Malaysia, and Thailand,” it said in a report.

The debt watcher in a note on Tuesday said the industry’s nonperforming loan (NPL) ratio has likely already peaked and is set for a gradual decline. It said the economy’s rebound and write-offs could help improve asset quality.

EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH DEED OF ABSOLUTE SALE KNOW ALL MEN BY THESE PRESENTS: That the late ENRIQUITA L. AMBACO who died intestate on November 03, 2000 in Claveria, Misamis Oriental, the deceased left and owned a conjugal property, a parcel of land with Tax Declaration No. 0812-001021028, situated in Lanise, Claveria, Misamis Oriental, containing an area of 1.5780 hectares, more or less, The HEIRS-VENDORS, have hereunto settle and adjudicate among themselves the ownership and possession of above-mentioned parcel of land, and by these same presents for and in consideration of the sum FOUR HUNDRED THOUSAND PESOS (P400,000.00) in hand paid by the VENDEE receipt whereof is hereby acknowledged by the HEIRSVENDORS, the latter do hereby, sell, convey, cede and transfer in favor of the VENDEE, her heirs and assigns an area of THREE THOUSAND (3,000) SQUARE METERS PORTION of aforesaid parcel of land in a manner absolute and unconditional free lien and encumbrances and the written notices have been sent to all adjoining owners pursuant to Articles 1621 and 1623 of the New Civil Code of the Philippines; and has been the subject of an EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH DEED OF ABSOLUTE SALE, filed by the heirs of ENRIQUITA L. AMBACO, in favor of ODESSA DIAMANTE CASTILLO, per DOC #330; PAGE #66; BOOK #129; Series of 2022 under the Notarial Registry of ATTY. FELIX D. LACUBTAN. BWM: April 25, May 2 & 9, 2022

“[However,] some slippage is possible from the restructured pool, especially from the services sector and from stretched consumers.

We believe Philippine banks are well placed to absorb this residual stress given their improved capitalization and adequate provisioning coverage,” S&P said.

Central bank data showed banks’ NPL ratio hit a three-month high of 4.24% in February. Soured loans rose by 2.38% to P472.664 billion from a year earlier.

The industry’s NPL ratio reached a 13-year high of 4.51% in July and August 2021, still well below the 17.6% seen in the aftermath of the Asian Financial Crisis in 2002.

The banking sector is

seen to benefit from the gradual easing of mobility restrictions amid declining coronavirus cases, the debt watcher said.

However, potential outbreaks remain a risk given uncertainties regarding the severity of its impact, it added.

“A reimposition of strict mobility curbs will hurt businesses and consumers, resulting in further asset quality pain for the banking sector,” S&P said.

Metro Manila and some provinces were under Alert Level 3 in January to curb the Omicron surge that followed the holiday season.

Restrictions were gradually eased and most areas in the country are now under the most relaxed Alert Level 1.

However, officials are monitoring another

NOTICE OF OFFICE CLOSURE Please be informed that Pryce Plans, Inc. Servicing Office in Cagayan de Oro City located at Lower Ground Level, Pryce Plaza, Carmen, will be closed effective June 25, 2022 and servicing of accounts will be transferred to:

PRYCE PLANS INC.

15th Floor, Pryce Center Building 1179 Chino Roces Avenue corner Bagtikan St., Makati City Tel No. (02) 8898-0171 to 74 Fax No. (02) 8897-5977 E-mail Address - pryce.plans.inc@gmail.com

transmissible variant of the virus called Omicron XE, which has already been detected in some parts of Asia like Thailand and India.

Based on S&P’s assessment, as for economic risks, the Philippine banking industry sees very high risk in terms of economic resilience and low risk of economic imbalances. Credit risks in the economy also pose a high risk to the sector.

Meanwhile, for industry risks, there is high risk for institutional framework but low when it comes to competitive dynamics and system-wide funding.

Net earnings of Philippine banks climbed by 44% to P223.66 billion in 2021 from a year earlier, based on central bank data. It was driven by a decline in lenders’ loan loss provisioning as the economy rebounded.

EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH DEED OF ABSOLUTE SALE PORTION OF LAND KNOW ALL MEN BY THESE PRESENTS: That the late JOSE ABONITALLA, who passed away many decades ago in Cagayan de Oro City; the deceased, JOSE ABONITALLA owned and left behind a of parcel of land with Tax Declaration No. G-091820, situated in Kauswagan, Cagayan de Oro City, containing an area of 2,945 square meters, the HEIRS-VENDORS have hereunto settle and adjudicate among themselves the ownership and possession of aforecited parcel of land, and by these same presents, sell, cede, convey and transfer the ownership and possession of FOUR HUNDRED FIFTY FIVE (455) SQUARE METERS PORTION of aforesaid parcel of land in favor of the VENDEE, her heirs and assigns, free from liens and encumbrances for the sum of FOUR HUNDRED FIFTY FIVE THOUSAND PESOS (P455,000.00), receipts whereof is hereby acknowledged to the full satisfaction of the HEIRSVENDORS and has been the subject of an EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH DEED OF ABSOLUTE SALE PORTION OF LAND, filed by the heirs of JOSE ABONITALLA, in favor of ODESSA DIAMANTE CASTILLO, Per DOC #470; PAGE #94; BOOK#126; Series of 2020 under the Notarial Registry of ATTY. FELIX D. LACUBTAN. BWM: April 25, May 2 & 9, 2022

9

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

MON-TUE|APRIL 25-26, 2022

NGCP allocates P 160 Billion in CAPEX until 2025 Power transmission operator NGCP is allotting P 160 Billion in capital expenditure filed with the Energy Regulatory Commission (ERC) for the 5th Regulatory Period (2021 to 2025). PhP 111.4 Billion of the total CAPEX is for transmission projects, including completed and ongoing projects, those in the pre-construction stage, and those still in the pipeline.

Included in the CAPEX filing for the 5th Regulatory Period are transmission projects within and around Metro Manila such as the Pasay 230kV Substation, Manila (Navotas) 230kV Substation, Marilao Extra High Voltage Substation, New Antipolo 230kV Substation, Taguig Extra High Voltage Substation, Taguig-Taytay 230kV Transmission Line, and Taguig-Silang 500kV Transmission Line.

To meet the forecasted load growth in Metro Manila, three (3) major 500/230kV drawdown substations will be developed around Metro Manila. These will be in Taguig City; Marilao, Bulacan; and Silang, Cavite. These are to be complemented by the development of additional 230/115kV substations in Antipolo,

Navotas, and Pasay.

The reliability of power transmission delivery to Metro Manila will be addressed through the development of new transmission corridors in Metro Manila such as the Taguig-Silang 500kV and Taguig-Taytay 230kV lines.

Island interconnection projects such as the PalawanMindoro and BatangasMindoro Interconnection which are in the pre-construction stages are also in the list. The proposed interconnection of Mindoro Island with the Luzon Grid was envisioned to provide access to bulk generation sources in the main grid, while at the same time providing the means to export possible excess power within the island.

The nearest connection point in the Luzon Grid for the planned island interconnection project is the proposed Pinamucan 500kV Substation in Batangas, while Calapan would serve as the interconnection point in Mindoro. In parallel, the interconnection of Palawan to Mindoro is already being studied to provide more reliable power supply to the island province.

“NGCP continues to

Characterizing Learners According to Multiple Intelligences Provide Equal Opportunities in Learning By: CHERRY ROSE P. ALIWATE Teacher III Napaliran Elementary School

Multiple intelligences is a theory first posited by Harvard developmental p s y c h o l o g i s t How a rd Gardner in 1983 that suggests human intelligence can be differentiated into eight modalities: visualspatial, verbal-linguistic, musical-rhythmic, l o g i c a l - m at he m at i c a l, inter p ers ona l, intrapersonal, naturalistic, and bodily-kinesthetic.

In teaching and learning, multiple intelligences is an important factors to consider in delivering the lessons to the learners. The idea behind the theory of multiple intelligences is that people learn in a variety of different ways.

The hypothesis of multiple intelligences describes the various methods in which students learn and absorb information. The necessity of social relationships, reflection, physical exercise, and being in tune with nature are all part of these multiple intelligences.

Underst anding w hich type(s) of intelligence a student has would assist

the teachers alter learning techniques and advise career routes for students, according to the hypothesis.

The eight "intelligences" represent natural talents and abilities of the students.

Gardner theorizes that people have several types of intelligences, rather than just an intellectual ability, to capture the complete range of abilities and talents that they possess.

While a person may excel in a specific area, such as musical intelligence, he or she is likely to have a diverse set of skills. An individual may excel in linguistic, musical, and naturalistic intelligence, for example.

This theory would be helpful for the teachers to design performance tasks for the students according to t heir intel ligences to provide equal opportunities in learning.

It is essential that teachers characterized the students to deeply understand their educational needs. This process would be effective to improve the learning performance.

invest in undertakings for the improvement of the power transmission grid. We are also working on applying smart grid technologies to ensure reliable, efficient, and safe operations and create a world-class transmission network,” said NGCP. Operations and Maintenance, a major responsibility of NGCP as transmission network operator, also has a CAPEX allotment totaling PhP 22.3 Billion for the 5th Regulatory Period, focusing on substation and transmission line reliability projects, upgrading of O&M tools and equipment, and network facility improvement with the introduction of smart grid technology. CAPEX for System Operations projects in the 5th Regulatory Period

amount to P 7.1 Billion, allotted for upgrading of the SCADA/EMS system, expansion of grid-related telecommunications facilities, further enhancements of cybersecurity systems, and power quality monitoring.

Besides the CAPEX intended for projects, investments on infrastructure development for NGCP’s IT network, security, aviation, and facilities are also included in the CAPEX proposal to the ERC. NGCP is a Filipinoled, privately owned company in charge of operating, maintaining, and developing the country’s electricity transmission grid, led by majority shareholders and Vice Chairman of the Board Henry Sy, Jr. and Co-Vice Chairman Robert Coyiuto, Jr.

DIRECTORY

Expanding Quality Education for ALS through Shared Goal JONATHAN P. ABUGATAL ALS Mobile Teacher Balingasag Central District DepEd Misamis Oriental

Strengthening Alternative Learning System in the Philippines is supported by the USAID Opportunity 2.0 to achieve the shared goal of expanding quality education to more vulnerable out-of-school youth and adult which is dubbed as ALS 2.0 with the five-module Teacher Development Program of which will add projectbased learning and design thinking content into ALS by training teachers and administrators. This helps ensure learners will gain skills as well as mindsets that prepare them for the dynamic world of work and business.

Moreover, Opportunity 2.0 was planned with experts f rom the Depar tment of Education, SEAMEO INNOTECH, Education Development Center, and partner higher education institutions such as Miriam College, West Visayas State University, and the University of Southeastern Philippines. Under the USAID’s O pp or tunity 2 . 0 Pro g r am , C ou rs e 1: Developing ALS 2.0 Learners is the first of the series of capability building initiatives to strengthen national and local ALS systems through the professional development of the ALS implementers. The goal is to build and strengthen the competencies to enable them to largely contribute to the achievement of the DepEd ALS 2.0 Fiveyear Strategic Roadmap.

C ourse 1: Developing ALS 2.0 Learners is a self-paced online course specifically designed

for ALS implementers.

Piloted in the 15 sites of the USAID’s Opportunity 2.0 Program. It is offered via the INNOTECH Flexible Learning Management Sy ste m ( I FL E X) . T he course is co-developed

by SEAMEO INNOTECH and Miriam College and is offered for free. Successful course completers will earn six academic units. The course is anchored on the teacher’s standards and the results of the learning needs survey for the ALS implementers, namely: ALS Teachers/DALSCs, ALS Master Teachers, EPSAs, and ALS Focal Persons. It focuses on expanding the creativity and analytical thinking practices and to ols among the ALS implementers to strengthen their pedagogical repertoire.

It will engage them in active learning exchanges, activities, and reflections promoting 21st-century ideas, understanding of, and responding to the ALS learners' diverse needs.

Opportunity 2.0 Program was organized and implemented to support A l t e r n at i v e L e a r n i n g System as a second-chance education program for Filipino out-of-school youth and adult that is innovative, maintained with quality at scale, and flexible.

A PUBLIC SERVICE BY:

10

Economy... from page 8

accumulated due to the pandemic is understandable given the need to boost financing amidst the drop in revenues because of the lockdowns.

“So the next administration will have to design policies and stick to very strict fiscal discipline to grow out of debt,” he said.

Dominguez, however, said “everything is in place in the Philippines to achieve that”, citing the recovery of the domestic economy, which beat the government’s 5.5-percent target for 2021 after it expanded by 5.7 percent.

He said risks for this year include the impact of the

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

MON-TUE|APRIL 25-26, 2022

Ukraine-Russia war.

Dominguez said that while the Philippines is not directly affected by the war, it is affected by the rise in the prices of oil and commodities in the international market.

(PNA)

Pharma... from page 5

is actively promoting the Philippines as a manufacturing hub for pharmaceutical companies to produce Covid-19 medicines and vaccines here.

L a s t J a n u a r y, B O I approved the PHP24-million project of Lloyd Laboratories, Inc. to produce Covid-19 drug Molnupiravir.

Lloyd L aboratories expanded its facility in Malolos, Bulacan for this

project, which enabled the company to produce one million 400-milligram capsules of Molnupiravir.

(PNA)

SSS...

from page 7 and SSS Mobile App, to better serve its members.

In 2021, the Mobile App was redesigned to make it more user-f riendly and easier for members to navigate and conduct their online transactions through mobile phone facilities.

He also reminded members, pensioners, and employers that they cannot be held accountable for f raudulent transactions once a member connives with a fixer.

Under Republic Act No. 11032, or the Ease of Doing B u s i n e s s a n d E f f i c i e nt Government Ser vice Delivery Act of 2018, and Republic Ac t 11199, or the Social Security Act of 2018, make it illegal for memb ers to engage the ser vices of fixers.

SSS works closely with law enforcement agencies to curb the illegal activities of fixers. “We are determined to file charges against them who are taking advantage of our members and employers,” Regino concluded.

They may report these fixers or scammers to the Special Investigation Department (SID) through e-mail at fid@sss.gov.ph or at (02) 8924-7370.

Globe... from page 7

Planning and Engineering, Network Technical Group.

“We will continue to work with towercos to bring reliable service and a better experience to our customers,” he said.

Globe earmarked CAPEX of P89 billion this year for its network expansion, including new cell site builds, upgrade to 4G/LTE, 5G rol lout acceleration and expedited fiberization of households across the country.

DEED OF EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH DEED OF ABOSLUTE SALE KNOW ALL MEN BY THESE PRESENTS: That the late TERESA P. BACAYANA, who died last 27 September 2010 I Cabasagan, Matanao, Davao del Sur, Philippines without any debts and a will; the said deceased at the time of her death left a certain real property with Tax Declaration No. 0815000706271 situated at Igpit, Opol, Misamis Oriental, FURTHER, FOR AND IN CONSIDERATION of the sum of ONE MILLION EIGHT HUNDRED THOUSAND PESOS (PHP 1,800,000.00), Philippine Currency, the receipt whereof is hereby acknowledged in full from the VENDEE, the VENDOR-HEIRS do hereby SELL, TRANSFER, CONVEY and DELIVER, by way of ABSOLUTE SALE, unto the VENDEE, its heirs assigns and successors in interest, a portion of the above- mentioned property with all the improvements existing thereon, which portion consists of One Thousand Eight Hundred (1,800) Square Meters, of the subject lot, identified as Lot 5415-A, and has been the subject of an DEED OF EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH DEED OF ABOSLUTE SALE, filed by the heirs of TERESA P. BACAYANA, in favor of HAZEL TAN representing: Glacierplus, INC., per DOC #352; PAGE #72; BOOK #VII; Series of 2022 under the Notarial Registry of ATTY. GREGORIO MIGUEL H. PALLUGNA. BWM: April 11, 18 & 25, 2022

Last year, Globe built 1,407 new cell sites, including 4G/ LTE and 5G. Some 22,300 mobile sites were, meanwhile, upgraded, and over 2,000 5G outdoor sites and in-building solutions were installed.

Globe’s expansion is part of its efforts to support Filipinos’ digital enablement, aligned with its commitment to t he Un ite d Nat i ons Sustainable Development Goals, particularly UN SDG No. 9, which highlights the role of infrastructure and innovation as crucial drivers of economic growth and development.

To know more about Globe, visit www.globe.com. ph.

DEED OF EXTRA-JUDICIAL SETTLEMENT AND PARTITION OF THE PERSONAL ESTATE OF JEFRY B. ROA WITH DEED OF ABSOLUTE SALE IN FAVOR OF SPS. RACHEL HANNA GALENZOGA-SALILIG & TIMOTHY RYAN B. SALILIG KNOW ALL MEN BY THESE PRESENTS: That the late JEFRY B. ROA on December 1, 2017, died intestate or without a will and without any existing debts; is the absolute and registered owner of one (1) motor vehicle which are particularly described as follows; Make: Suzuki; Series: CELERIO-CVT; Body Type: Hatcback; Plate No.: KAA1126; Engine No.: K10BS1068069; Chassis No.: MMSFE42S8HR101922; and has been the subject of an DEED OF EXTRA-JUDICIAL SETTLEMENT AND PARTITION OF THE PERSONAL ESTATE OF JEFRY B. ROA WITH DEED OF ABSOLUTE SALE IN FAVOR OF SPS. RACHEL HANNA GALENZOGA-SALILIG & TIMOTHY RYAN B. SALILIG, filed by the heirs of JEFRY B. ROA, in favor of SPS. RACHEL HANNA GALENZOGASALILIG & TIMOTHY RYAN B. SALILIG, per DOC #263; PAGE #54; BOOK #01; Series of 2022 under the Notarial Registry of ATTY. REMO VEN GENE N. RATILLA. BWM: April 11, 18 & 25, 2022

11

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

MON-TUE|APRIL 25-26, 2022

Dance... from page 4

they needed to apologize to and forgive past offenses and hurts. I’m now doing these important things, such as telling my husband and parents more often how much I love them. I’m trying not to put off anything that would add laughter or luster to our lives. Every morning I remind myself that it is wonderful to be alive. Every day, every minute, every breath is a gift from God. Life may not be the party we hoped for, but we can still dance and live it to the fullest.”

How about you? Won’t you ask t he O ne Who designed and made life to take full charge of your life every day? Only He can help you start making every single moment count both for now and for your everlasting life after death. Just think a minute.

Christ... from page 4

Most importantly, we should try our best to find Christ in the ordinary little things that we deal with ever yday. Let us always r e m e m b e r t h at C h r i s t identifies himself with all things, and he has assumed everything human, no matter how that humanity turns, except sin. And even when we are in sin, he precisely gives special attention to us. Let’s never forget what he said to his disciples: “I am with you always, to the close of the age.” (Mt 28,20) Let’s start by finding Christ in the little things of our day.

Investing... from page 4

" O r g a n i z at i on s t h at integrate sustainability in their businesses are likely to experience more consistent growth and returns over the long term. In these times of unpredictable climate change and the ongoing global pandemic, investors are becoming more concerned and are expressing very keen interest to invest preferably in companies that demonstrate they are providing goods and services in a responsible and sustainable manner.” said Smith Chua, Chief Investment Officer of BPI AMTC. Married for 54 years and counting During one Holy Week visita iglesia, our very first stop was the St . Therese C hurch, (t hen a sma l l Philippine Air Force chapel) where we said our vows 54 years ago. My wife Mira and I got married in 1968. I was 23 years old and a 3rd year law student. Mira was 24 and had already taken the medical board exams and was just waiting for the results.

We had two dates to choose from – her birthday March 25 or my birthday April 19.

We finally decided on April 19. Little did I anticipate that April 18 would be the last day of final examinations for third year at the Ateneo law school. So you could just

imagine what I went through preparing for the wedding and reviewing for the exams at the same time. The services of events managers did not become available until much, much later.

Our courtship was not without drama similar to what we view in the soap operas. Mira and I broke up briefly and we were both heart-broken. Our wedding almost fell through. But we surmounted our problem and here we are now, still happily married.

On our honeymoon, we flew to Baguio on the invitation of our wedding sp ons ors -Tio Domeng and Tia Patring Sioson who offered to host us at the Baguio Country Club.

Howe ver, at that time, visibility at the Loakan Airport was very poor and we landed instead at Bauang, La Union. From Bauang, we took a taxicab going up to Baguio via Naguilian Road (President Elpidio Quirino Highway). Unfortunately, we discovered later that the road had been blocked by a landslide. It took the DPWH crew three hours to clear the landslide. All the while, the taxi meter was ticking. We finally reached the Baguio Country Club almost 10 pm.

The following day, while we were strolling at the Baguio Session road we were shocked to read the headline of one newspaper: Mayon erupts!

The Mayon Lodge, at that time still open for visitors, was our original choice as honeymoon destination.

Korea... from page 1

establish networks with the Mindanao business community.

“This visit is expected to provide an avenue for leading Korean companies to build partnerships with local entrepreneurs and explore possible business opportunities in Mindanao,” Ambassador Kim In-chul said in a statement on Wednesday, noting that his country’s private sector is keen on exploring Mindanao’s investment and business potential.

Tw o S o u t h K o r e a n government organizations and eight companies have confirmed their attendance at the meeting, Mr. Lee said.

South Korea’s footprint in Mindanao includes key development cooperation projects such as Laguindingan Airport, the KoreaPh i l ippi ne s Vo c at i ona l

Training Center, and the ongoing Panguil Bay Bridge project.

“We are more than happy to facilitate business networks between (S outh Korea) and Mindanao,” Mindanao Development Authority (MinDA) Secretary Maria Belen S. Acosta was quoted as saying in the statement.

Ms. Acosta added that Mi n DA w i l l l o ok i nto potential areas of cooperation that are aligned with the Brunei Darussalam– Indonesia–Malaysia– Philippines East ASEAN Growth Area (BIMP-EAGA) agenda. South Korea is one of BIMP-EAGA’s development partners while MinDA serves as the sub-region’s Philippine Coordinating Office.

Medicines... from page 1

the assistance will be given to the right beneficiaries and ensure they also get quality medicines.

“Providing convenience in helping cover the medical needs of the affected families and individuals is the best thing we can offer. This partnership is all about saving more people from the misery of finding and availing medical attention which is a basic human need and right,” Libang said.

Libang said AICS—one of DSWD’s most availed services—is a social safety net or stopgap mechanism to support the recovery of individuals and families from unexpected crises such as illness, death in the family, and educational needs, among others.

DSWD-10 also signed a similar arrangement with Mercury Drug for this city's beneficiaries. (PNA)

Bridge... from page 1

Region 10 and BARMM." PhilHealth of f icial Sainuddin M. Moti shared that prior to the completion of the bridge, his team had to cross the river before reaching the Tagoloan II Rural Health Unit, recalling the travel as a "bumpy adventure ride."

Meanwhile, the P20million Bayug Bridge is ne ar i ng c ompl e t i on i n Barangay Bagoingud, Upper Tagoloan II in Lanao del Sur. The Bayug link will also cut the travel time between Marawi City and this city from around 3.5 hours to less than two hours.

The first phase of the bridge construction started in 2018 and was funded by

Kagay-an Festival 1st Oro Lechoneros Encuentro Champion

for Orders, Contact Yoyong:

09354145759 09169249371

the defunct Autonomous Region in Muslim Mindanao with an allocation of PHP25 million.

The Bayug Bridge is connected with the KapaiTagoloan Road, also called the “Dream Road 2”.

BARMM has allotted P25 million for the second phase of the bridge construction under the 2021 appropriations. The budget forms part of the P3.7 billion fund for infrastructure projects of the province’s 39 municipalities and Marawi City. (PNA)

Capex... from page 1

been allotted for the company’s system operations projects, which include upgrading of the SCADA/EMS system, expansion of grid-related telecommunications facilities, further enhancements of cybersecurity systems, and power quality monitoring.

“B esides the capex i nt e n d e d f or proj e c t s , investments on infrastructure development for NGCP’s information technolog y network, security, aviation, and facilities are also included in the capex proposal to the ERC,” the transmission firm stressed.

The company also highlighted that transmission facilities and other projects are still in pre-construction stage while completion of some facilities may stretch until year 2028.

Maj o r t r a n s m i s s i o n proj e c t s i nclu d e t ho s e in Metro Manila — the Pasay 230kV substation; Manila (Navotas) 230kV substation, Marilao extra high voltage substation, New Antipolo 230kV substation, Taguig extra high voltage substation, Taguig-Taytay 230kV transmission line; and the Taguig-Silang 500kV transmission line.

“To meet the forecasted load growth in Metro Manila, three major 500/230kV drawdown substations will be developed around Metro Manila,” the company said.

These specified projects shall be sited in Taguig City; Marilao, Bulacan; and Silang, Cavite.

NGCP indicated the drawdown substations shall be “complemented by the development of additional 230/115kV substations in Antipolo, Navotas, and Pasay.”

Once the facilities are completed, the reliability of p owe r t r ans m iss i on delivery to Metro Manila will be addressed through the development of new transmission corridors in Metro Manila such as the Taguig-Silang 500kV and Taguig-Taytay 230kV lines.

Core component of the NGCP projects includes i sl and i nte rc on ne c t i on facilities of the PalawanMindoro and BatangasMindoro grids, which are in their pre-construction stages .

“The proposed interconnection of Mindoro island with the Luzon grid was envisioned to provide access to bulk generation sources in the main grid, while at the same time providing the means to export possible excess power within the island,” the power firm added.

It further noted that “the nearest connection point in the Luzon grid for the planned island interconnection project is the proposed Pinamucan 500kV substation in Batangas, while Calapan would serve as the interconnection point in Mindoro.”

NGCP also noted of a parallel study exploring prospects of interconnecting Palawan to Mindoro to enable these island-grids to draw more reliable electricity service from the main grid.

Vaccines... from page 2

has made available USD200,000 or PHP10 million for the NIP, and the DOH has chosen to allocate these funds for cold storage vaccine transport boxes equivalent to 68 sets, and vaccine cards of around 670,000 sets.

"We have delivered these donations to 17 regions (offices), the recent one was in Davao," he said.

The LDSC clarified some regions have more than one DOH facility or office.

E d w i n S a c a y, L D S C agayan de Oro St a ke president, said LDSC has a unique support structure that has access to its church networks which includes funding and local volunteer support.

"More than one million workd ay s of l ab or are contributed each year by

volunteers in support of welfare initiatives," he said.

(PNA)

Support... from page 2

and other services online.

The steady progress in the country’s innovation landscape has also impacted tech startups and small businesses in the region.

That said, University of Science and Technology of Southern Philippines (USTP) President Ambrosio Cultura II urged support for these stakeholders.

“We have to patronize our startups, our small businesses, let us prioritize them so that they can also grow. Everyone has a role to contribute in order that we will be able to contribute [to] economic development through innovation and entrepreneurship,” Cultura said. (GDA/PIA-10)

Expand... from page 5

data center and renewable energ y facility in the Philippines.

Lopez told reporters in a Viber message that the companies are still finalizing their investment amount for the data center and renewable energy facility. “(T)he partnership between ENDEC and Black & Veatch through Diode Ventures is lo ok ing at investing initially in two hyperscaler data centers and solar energy projects.

Based on BOI estimates, a 150 to 180-megawatt hyperscaler integrated with a renewable energy power source would typically require over USD1.5 billion,” he said, adding this is the typical size of the firms’ first phase of project.

The government's economic team is in the US to strengthen economic ties and attract more US investments here. (PNA)

BusinessWeek MINDANAO CREDIBLE

RELIABLE

www.businessweekmindanao.com

FEATURE

IN-DEPTH

12

Mon-Tue|April 25-26, 2022

PLDT powers Cagayan de Oro City Water District

P

LDT Enterprise, the B2B arm of the country’s largest integrated telecommunications company PLDT, has enabled the Cagayan de Oro City Water District (COWD) with digital solutions to further improve its water delivery services.

With more than 100,000 service connections in Cagayan de Oro City and in other parts of the province of Misamis Oriental, monitoring water pressure and flow used to be a challenge to COWD. Through high-speed internet, mobile data, and SMS services, COWD has made the digital shift to improve its operational efficiency, with the help of PLDT and its wireless unit Smart Communications.

COWD General Manager Engr.

Bienvenido V. Batar, Jr. shared, “We started from the physical checking of water pressure by stationing personnel to record data every hour. It was very cumbersome, but it was the only way.”

With the PLDT solution, COWD has been able to install data loggers in key areas to transmit water pressure data via SMS, allowing them to remotely and conveniently monitor service availability,

PLDT Enterprise is enabling Cagayan de Oro Water District to improve its water delivery services.

and in real time.

“We value the importance of this partnership as we focus on providing better services to our customers, enabled by technology. We thank PLDT and Smart for providing us these opportunities and enabling us to continue improving,”

added Engr. Batar.

Benbrackie Melasa, PLDT Mindanao Head for Corporate Relationship Management, shared, “The PLDT group remains focused on the needs of our customers and partners. We are glad to be partnering with COWD in its

digital transformation journey. Both PLDT and COWD are in the service industry, which means that we share the same objectives to keep our customers happy with the best customer experience.”

PLDT Enterprise recently launched its “Further, Together”

campaign which highlights the significance of having a reliable and trusted partner for businesses in unlocking growth.

The campaign also highlights PLDT Enterprise’s role as the partner of businesses in taking organizations further to greater heights.