BusinessWeek Mindanao (April 27, 2018)

BusinessWeek M I N DA N A O CREDIBLE

Volume VIII, No. 139

Market Indicators FOREX

PHISIX

US$1 = P52.31

7,557.91

cent

X Briefly 42.45

RELIABLE

X

points

BBL deadline PRESIDENT Rodrigo R. Duterte on Wednesday reiterated his promise to fast-track the passage of the Bangsamoro Basic Law (BBL), hoping it will be done before end of May. “So let us fast-track the BBL. I promised that before end of May, it will be passed. If not, I might resign as President.

It’s now up to you, I cannot do it anymore,” Duterte said in his speech at the launching of the Maguindanao Balik Baril program in Buluan, Maguindanao.

“Give me time, this year.

I don’t want next year, next election. This year I will finish it, let’s finish first the BBL,” he added.

Relief packs probe AN official of the Department of Social Welfare and Development (DSWD) on Wednesday said the agency will look into claims that relief packs distributed to evacuees in Marawi only consisted of cans of sardines.

DSWD Undersecretary Luzviminda Ilagan said the food packs they have been distributing to internallydisplaced persons (IDPs) in Marawi contained various canned good like corned beef, meat loat and cereals.

“Nagtataka rin ako (I was even wondering) because we have made efforts to change the contents of the foodpacks,” Ilagan said, noting that the packing mechanism has been modernized by placing them in boxes so that they will not be relabeled by unscrupulous individuals.

IN-DEPTH

Cagayan de Oro Lapasan Highway, Cagayan de Oro City

R-10’s economy dips, Marawi not a factor www.businessweekmindanao.com

As of 5:30 pm April 26, 2018 (thursday)

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By GERRY L. GORIT, Reporter

HE Marawi City siege in 2017 was not a factor in the low economic growth that the Northern Mindanao economy experienced that year.

CONSTRUCTION SLOWDOWN. After years of real estate boom, Northern Mindanao’s construction industry takes a steep dive.

In r e c o r d s r e l e a s e d simultaneously nationwide yesterday, the Philippine Statistics Authority (PSA) reported that this region registered a 5.9 percent economic growth in 2017, lower than the 2016 figure

of 7.5 percent.

In a local press conference, National E c onom i c Aut hor it y (NEDA) 10 regional director Leon Dacanay Jr. said there was no indication that the six-month long Marawi

special report

Camiguin is a stand alone tourists haven: Romualdo

By NELSON V. CONSTANTINO, Editor-in-Chief with a report from JOE PALABAO, Reporter

DOES Camiguin province enjoying the windfall of tourists following the closure of Boracay Island starting yesterday?

For former congressman and governor, now Mambajao Mayor Jurdin Jesus M. Romualdo: “Not necessarily.”

Romualdo asserted the islandprovince can stand alone as a tourism haven. It remains as

Mindanao’s top tourism jewel with its amazing array of nature’s gifts, a complete hideaway for local and foreign tourists.

“C a m i g u i n i s C a m i g u i n .

The influx of tourists coming in continues to rise with or without the shutdown of Boracay,” he said.

Last year, over 600.000 visitors came to the island, data from the haven/PAGE 11

Mayor Romualdo: Camiguin is Camiguin. photo by gerry l. gorit

MAJESTIC ISLAND. A local tourist leisurely snorkels the waters near the famed White Island sandbar in Camiguin Island with the majestic Mt. Hibuk-Hibuk at the background. photo by gerry l . gorit

siege caused Region 10’s economic downfall.

The construction sector took the steepest dive, from a 2016 growth rate of 27.7 percent to a mere 2.2 percent in 2017.

PSA 10 regional director Ronaldo Taghap pointed out that there were a lot of completed construction projects in 2016 than in 2017, thus the figures.

But this doesn’t mean that there were only a few economy/PAGE 11

AgSur LGU sets new real property tax assessment

By CHRIS V. PANGANIBAN Contributing Editor

PROSPERIDAD, Agusan del Sur—Real property taxes in this province is set to be amended starting next year after the provincial legislature recently approved on final reading the ordinance that will adjust the schedule of fair market value (SFMV) of all real estate properties. assessment/PAGE 11

P1.4-B biomass plant to be built in Manolo Fortich

By MEL MADERA, PNA

MALAYBALAY City -- Preparation is underway for a P1.4 billion proposed 12MW biomass power plant to be constructed at Purok 2, Dicklum in Manolo Fortich town in Bukidnon.

The biomass power plant is proposed

by Green Acres Development Energy biomass/PAGE 11

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2 Aviation school proof of economic growth COTABATO City -- The mayor here regarded the entry of an aviation school as an indication of the city’s growth.

Mayor Frances Cynthia Guiani-Sayadi met on Tuesday with executives of Aviation Technical School of Cotabato (ATSC) and regarded such development as proof of local economic growth.

The ATSC is the first and only aviation school in Central Mindanao that includes this city, the provinces of Maguindanao, North Cotabato, Sultan Kudarat and in the Autonomous Region in Muslim Mindanao (ARMM).

Guiani-Sayadi was

very upbeat upon learning about the progress of aviation school, which has produced graduates now working in airline companies in the country.

She said she was thrilled to learn about ATSC operations and how it can produce world class graduates in the coming years.

Apart from being an aviation school, the ATSC also provides technical courses such as Associate in Aircraft Maintenance Technology and Associate in Aviation Electronics Technology.

The school started its operation in 2013 and has grown to have good proof/PAGE 10

Economy

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Davao, JICA unveil P300-B ‘shopping list’ of projects

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AVAO City -The Davao City government and the Japan International Cooperating Agency (JICA) on Tuesday bared a “shopping list” of major infrastructure projects worth almost PHP300 billion to address existing conditions and issues in city, especially on the effects of urbanization.

Called the Davao City Infrastructure Development Plan and Capacity Building project for the Infrastructure Modernization for Davao or IM4Davao 2045, it is 27-year infrastructure plan with a list of proposed

projects for Davao City that investors and funding agencies can select from.

“It is a platform for all agencies and stakeholders. A platform for the development of development,” said Ken Kumazawa, leader of the IM4Davao Project Team.

The draft of the final report was presented to agencies and stakeholders at the Marco Polo Hotel.

It contains the existing conditions of the city’s water system, traffic, and other environmental issues.

IM4Davao is being

developed by the city government together with JICA and Almec Corporation Oriental Consultants Global Ltd. The plan is expected to improve the city’s competitiveness, safety from disasters, and general urban conditions. It will support the planning and implementation of development - effectively and efficiently - through the capacity enhancement of the National Economic Development Authority (NEDA) and the city government.

Kumazawa said there

are priority projects on the list, from highway network, public transport, wastewater management, solid waste management, environmental management, and planning and implementation capacity.

He said the city government saw the need to create an infrastructure plan because it is expected to perform key regional and international roles being the seat of Davao region.

In a press briefing also held at the projects/PAGE 10

Dugong-guro successfully implemented By: JOAN osorio sagun

The Department of Education of the Iligan City Division and the City government of Iligan is waving support for Dugong-guro blood donation program by the Philippine National Red Cross [PNRC].Teachers’

RPN Radyo Ronda Stations Nationwide

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CNN Philippines TV-8 Bacolod CNN Philippines TV-9 Cebu CNN Philippines TV-5 Cag. de Oro CNN Philippines TV-5 Zamboanga CNN Philippines TV-7 GenSan CNN Philippines TV-9 Davao

DZBS 1368 Baguio DZRL 639 Batac DZTG 621 Tuguegarao DZKI 1332 Iriga DYKW 936 Binalbagan DYKB 1404 Bacolod DYKC 675 Cebu DXKO 1368 Cagayan de Oro DXKS 1080 Surigao DXKD 1053 Dipolog DXKP 1377 Pagadian DXXX 1008 Zamboanga DXKT 1071 Davao DXDX 693 General Santos

coming from different schools who passed the medical requirements , had voluntered themselves for the program.

According to former SDS Randolph B.Tortola,those blo o d gat here d wou ld

be given to soldiers who would be casualties during the Marawi crisis and other wounded civillians.

Approximately there were about 200 individuals who had voluntarilly donated their blood to the PNRC.

25 Bags of Cement Delivered to TES Thru Republic Cement Corporation By: Bernildo A. Orellana

Around 25 bags of premium cement was donated by the republic cement corporation for the Ground Development of Taluntunan Elementary school of Barangay Pugaan, Iligan City. Initially the donation was made because the school head

saw the need to develop the school ground for the school children. The school realized the urgency of the project and republic cement initially responded the call.

The parents were happy seeing the initial development of the

s cho ol g rou nd du r i ng the commencement and recognition exercises last April 2,2018 .According to sources republic cement corporation will once again sponsore another bags of cements come Brigada Skwela of 2018.

CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

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Opinion

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Cagayan de Oro’s accolades

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

ALLAN mario MEDIANTE

Vice President for Corporate Affairs

RUFINO T. MAGBANUA

Vice President for Business Development

Joe felicilda

Vice President for Administration

JOHN AARON M. DEL BANDO

VicePresidentforEventsandPromotions

joe palabao

Vice President for Marketing

mike baños

Vice President for Digital

NELSON CONSTANTINO Editor-in-Chief

gilbert y. chao

Motoring Editor

JUN AYENSA

Regional Editor - Caraga

Cris diaz (on leave) ATTY. antonio s. soriano mike baños 2f, ICS Building BONG FABE Tel.No.: 881-0176 Contributing Tiano cor. Montalvan sts.

Editors Legal Counsel CLIFFORD SANTILLAN

Ruffy magbanua C AG AYA N D E O R O’s economic leap is unprecedented sans dirty politics here and there.

Its recent accolades say it all. The latest of which being the seventh placer as the safest city in Southeast Asia, the Seal of Good Education Governance from Synergeia Foundation and USAID, and

Cell No: 09352379999

Juni Law Office Cruz Taal St., CDO Legal Counsel

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The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City.

It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463-826-272-000 – VAT. Reg., and with Business Permit No. 2017-02942. Tel. Nos.: (088)856-3344, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com

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Cleaning other people’s house think a minute

jhan tiafau hurst Think a minute…A man walked into a crowded store in a small town. It was noisy and full of people. Everybody was talking and going about their own business when suddenly a woman yelled out loudly to a man: “Hey two-timer!

Did your wife finally forgive you?” That store which was loud and noisy suddenly became amazingly quiet.

Why? Because a nice, juicy bit of gossip was just thrown out and nobody wanted to miss it!

Someone said that when we gossip about others it’s like forcing our way into someone else’s house to clean it for them. We do it not because we’re being kind and helpful, but so we can make them look bad and show everybody else how dirty that person’s life is. The worse we make them look,

the better we think we will look in comparison. But it’s usually the opposite. People usually know how good you are by what you say about others, not by what others say about you. Do you remember the rhyme: “Sticks and stones may break my bones, but words will never hurt me?”

It’s not true! Many people have been hurt far more by criticism and gossip than by sticks and stones.

Even if it is true that a teenager got into trouble, or that man committed adulter y, or that person said something very wrong, t he y may have le ar ne d from their mistake and changed already. But our cruel, unkind gossip about them is wrong and evil, and something we ourselves need to start changing today! The only person’s life you have the right and responsibility to correct is your own. That other person’s life is their own problem. It is not your job or right to talk about it to others. Remember, “What goes around comes around.”

So the same bad things we told about others might also happen to us! Then, guess who people will be gossiping about? You. So if you’ve been hanging cleaning/PAGE 11

toward a vibrant economy.

Despite disasters, natural or otherwise, the rise of Cagayan Oro as one of the country’s metropolis seems unstoppable.

And already a development roadmap has been laid out to push the city as one of the country’s formidable regional growth centers.

Poised to follow the steps of Cebu, Cagayan de Oro is gunning for more investments this year and beyond.

More players in the real estate, BPOs and retail business are setting up, Cagayan de Oro being the logistics hub and education center of Northern Mindanao.

The declaration of Cagayan de Oro as the next metropolis is p ar t of t he D uter te

administration’s grand plan to spread resources to the countryside by empowering local governments under a proposed federal system of government that will replace the current centralized setup.

Undoubtedly, Cagayan de Oro has outpaced other cities in Northern Mindanao.

With an average population growth rate of 2.23 percent, Cagayan de Oro is the region’s melting pot – a favored haven of people in search of opportunities.

Known to be the center of business and commercial hub in the region, Cagayan de Oro’s population rose from 602,088 in 2010 to 675,950 last year, surpassing the population count of Misamis Occidental and Camiguin accolades/PAGE 11

Best wishes and goodbye

ATTY. MARIO T. JUNI

Layout Artist

placed second spot in the 10 most efficient cities in the country.

With its phenomenal growth now acknowledged far and wide, Cagayan de Oro is now ranked fourth among the leading metropolis in the country.

In fact, a grand design making Cagayan de Oro as the next metropolis by 2025 is in the offing.

But whether this economic growth will be sustained or not, this city of more than a million people has to address, first and foremost, two of its primary headaches: its chaotic traffic and the swelling garbage problem.

If left unchecked, these domestic mess could falter the city’s unparalleled growth despite its steady climb

klaus doring Whe n l e tte rs we re t he only form of written correspondence, signing off was obvious. Actually I am still adopting that old tradition. No matter, if it comes to letters or emails.

It’s just a matter of respect and education.

If addressing a sir or madam, it was unambiguous.

You c on c lu d e d “ y ou r s faithfully”. When writing to a specific person – for example, a Mr or (hey, ladies first!) – it was simple, your letter would always be signed off “yours sincerely”. Only missives to family or close friends would ever finish with a “love from” or “with much love, yours”.

For many people, there’s a weird status thing when it comes to the more blunt you are in emails. I’m asking myself, why? An email is just a letter - an online one ... .

Sad to say, the arrival of email has disrupted this etiquette, making the rules far less obvious. Indeed, for many of us there are no rules. A whole subculture of personalized email sign-offs has emerged everything from

“TTFN” to “peace out”. And of course, it’s not just what we say but why we say it.

Neither in English nor in any other language. I get the same stuff in German written emails and even letters or text messages.

“Emails have become the medium of business, leisure, family, love and everything,” says children’s author Michael Rosen. When we sign off emails, we try to give off the “right vibe”, he adds. He says it’s all about how we want to come across to the recipient.

“Thoughtful, grateful or just very, very busy?” Oh sure, we are all so very, very busy... .

Some of the most successful business people are notoriously blunt in email communication – if they even bother with a sign-off at all.

“There’s a weird status thing when it comes to the more blunt you are in emails, the more you can be (blunt) because you’re senior in the company,” says author Emma Gannon, recalling the editor of a famous newspaper whose response to pitches was often just a curt “yep” or “nope”.

Although being succinct c a n c o nv e y a c e r t a i n authority and status, it also communicates a dose of selfimportance or arrogance.

And we’ve all dealt with bosses who fire off email edicts of “is this done?” or “update me on that”.

Even if they are not so direct, many emailers like to convey a sense of being busy by using or adapting abbreviations. So “kind wishes/PAGE 10

Malacañang, will you refrain from gambling on DU30’s safety?

Kakampi mo ang batas

Batas Mauricio LIFE’S INSPIRATIONS: “…

Let us acknowledge the Lord; let us press on to acknowledge him. As surely as the sun rises, he will appear; he will come to us like the winter rains, like the spring rains that water the earth’…” (Hosea 6:3, the Holy Bible).

-ooo MALACANANG, WILL YOU RE FR A IN FROM GAMBLING ON DU30’S SAFETY? I do not wish to appear as an alarmist person, or a strawman trying to scare people away but, if I were to be asked, I would not permit President Duterte to fly to Singapore on a two hour trip on board an airplane that can carry only a maximum of eight passengers.

That kind of an airplane is too small, and is susceptible of being swayed by the winds while it is on flight. Then, two hours would be an extremely long trip inside that airplane for the highest official of the country.

My suggestion is that, if the President wants to save on expenses, he must take a commercial plane like an ordinary passenger, bringing with him the least possible number of assistants. It would also be a lot comfortable and safe to fly in a commercial plane, which could even provide the President with an opportunity to interact with other people. Oh well!

Malacanang, can you please refrain from gambling on the President’s safety?

-ooo US EMBASSY, DFA, CAN YOU PLEASE TAKE PITY ON THE PEOPLE OUTSIDE YOUR GATES? I was greatly horrified with a scene that I witnessed outside the gates and walls of the US Embassy in Roxas Blvd., Manila, when I passed by that place early morning of Tuesday, April 25, 2018, to go to the Bacoor City Regional

Trial Court for a hearing on a land dispute in Cavite.

I felt the same horror as I passed through the Consular Office of the Department of Foreign Affairs (DFA) along Macapagal Avenue, Paranaque City, after my hearing.

Here’s why: the people lining up outside of the edifices of these two offices were all sweltering and withering under the scorching sun, which had been causing unbearable heat enough to burn the skin of many on that day, and even on the days before that. With that kind of heat from the sun, many of those that lined up at the US Embassy and DFA would surely be afflicted with ailments after their ordeal.

My question here is simple: why is it that the US Embassy and the DFA appear unconcerned with the welfare of the people they are dealing with? Why, a simple tent or anything that could provide some shade from the sun would have sufficed. Surely, US Embassy and DFA officials are aware of the sufferings of the people lining up outside

their buildings, yet, why are they refusing to act, one way or the other?

-ooo M A K AT I T R A F F I C A I D E S WA N T E D T O EXTORT FROM BACOOR SHERIFF? At the Bacoor City Regional Trial Court, I chanced upon a sheriff of that court angrily complaining about his experience with traffic aides of Makati City Tuesday morning. The Bacoor sheriff said the aides told him that his car would be towed, because the place where he parked it was a “no parking zone”.

According to the sheriff, he parked in that place because there was a tarpaulin signage which said parking in the area was allowed. When he pointed to that signage to the aides, he was told that the notice was no longer in force.

Then, because he parked in a “no parking zone”, the aides reiterated they would tow his car, requiring him to pay a towage fee in the process.

That angered the Bacoor City sheriff. He got out of his car and bawled out the Makati traffic aides, telling safety/PAGE 10

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CorporateWorld

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Ayala Land expands to Kuala Lumpur

T

HE board of Ayala Land Inc. (ALI) has given the go signal to commence with an ambitious residential project in Malaysia, which is reportedly part of the local property giant’s aggressive overseas expansion.

ALI President and Chief Executive Officer Bernard Vincent Dy said its Board approved the purchase of 9.25acre property in Klang Valley area in Kuala Lumpur, the firm’s first land acquisition after it increased its equity stake in Malaysian property and construction firm, MCT

Bhd, to 66.25 percent in February.

“We will do some mixed-use estates but on the residential side, (we will) primarily focus on middle-income housing developments --vertical and some house and lot horizontal,” he said in a press briefing after the company’s stockholders’ meeting Wednesday.

Mean Dy, head of ALI’s Strategic Landbank Management Group, said they target to break ground on a residential development in Malaysia next year, and aim to complete the project in three years.

“That’s a fast-growing (segment) in Malaysia,” she said. “As this company grows and the balance sheet grows with it, it would be in a better position to be investing in leasing assets also.

But right now, I think it’s better equipped to grow (the business) through some of the residential products.”

Meanwhile, ALI’s CEO said the company is also expanding across all business segments this year.

He said it targets to open four malls, three office buildings, three Seda hotels and two more

estates this year.

“Given the continued economic growth in the country which is 6 percent to 7 percent GDP (gross domestic product) growth per year, we feel very positive that we will be able to continue to introduce new projects in the market that will allow us or bring us closer to achieving our target of PHP40 billion (net income) by 2020.

We have been expanding in many areas here in the Philippines across all the different regions in Luzon, Visayas and Mindanao,” he added.

(PNA)

SM Prime sets P80-B capitalization for 2018 PROPERTY giant SM Prime Holdings, Inc. is earmarking PHP80 billion in capital expenditure this year mainly to expand its mall and residential businesses, as it targets to sustain its winning streak of double-digit growth in profits.

SM Prime President Jeffrey Lim said it aims to open four more SM malls,

and launch at least 15,000 residential units this year.

Lim said these malls are located in Urdaneta in Pangasinan, Telabastagan in Pampanga, Legazpi in Albay, and Ormoc City in Leyte. SM Prime has already opened SM Center Imus in Cavite last February.

“In the coming years, we are eyeing to

complement our malls in the provinces by bringing more residential, office and hotels and convention center projects,” he said during the company’s stockholders meeting on Tuesday.

Through SM Development Corp.

(SMDC), SM Prime will continue to develop highrise building projects

as these attract a great number of urban dwellers and start-up families.

It will also expand its mid-rise building and single-detached house and lot projects to address a larger share of the broad housing demand across all segments.

For other businesses, Lim further said it is SM/PAGE 10

Kagay-an After Dark

By The Night Stalker

3-days only

Sunburst Centrio thanks loyal patrons with Chicken-All-You-Can Sunburst Fried Chicken started in Iligan City in 1971 as the A & C Chicken and Pizza House and adopted the name Sunburst Fried Chicken later when it expanded.

Loyal patrons love Sunburst Friend Chicken for its distinctive crispy skin and great taste.

Sunburst Centrio only opened last August but has already expanded due to the warm welcome of patrons who keep coming back for that unforgettable Sunburst Fried Chicken taste!

As a gesture of gratitude and appreciation, Sunburst Centrio is offering UNLIMITED Sunburst Fried Chicken with CHICKEN-ALLYOU-CAN, a threeday lauriat cum smorgasbord from April 27 to 29, 2018 only.

For only P328 per adult and P168 per child standing 4 feet and below, patrons can order

all the Sunburst Fried Chicken, Pancit Canton, Rice and Iced Tea they can consume from 10:00AM to 9:00PM. Remember, you have to consumer your initial portions of chicken, rice, ice tea and pancit canton before the waiter will serve you the next serving.

Please allow 8 minutes for the kitchen to serve you your next chicken order reckoned from the time you order it.

The offer is valid over the three-day period April 27-29 during mall hours at Sunburst Centrio for dine-in only, strictly no sharing, take-outs and no leftovers please!

The promo is also not valid with other existing promos and discounts.

Tickets are now available at Sunburst Fried Chicken CENTRIO MALL. Buy your tickets early to avoid long lines!

See you there today!

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Banking&Finance

LANDBANK launches fresh bid for shares in PDS T HE LAND BANK of the Philippines (LANDBANK) made a fresh offer last week to acquire a majority stake in the local fixed-income exchange, as it hopes to snatch deals previously secured by the Philippine Stock Exchange (PSE).

LANDBANK President and Chief Executive Officer Alex V. Buenaventura said the state-run lender made a second attempt last Friday to convince more shareholders of the Philippine Dealing System Holdings Corp. (PDS) to sell, kicking off another 30-day offer period.

“We reissued fresh offer letters last Friday to all PDS shareholders, because the first round which we did last March, not too many accepted our offer… That’s for a 30-day period for the same amount at P360 per share,”

Mr. Buenaventura told reporters on Monday.

The PDS Group operates trading, clearing and settlement for bonds and foreign exchange through the Philippine Dealing & Exchange Corp., the Philippine Depository & Trust Corp., Philippine Securities Settlement Corp.

LANDBANK’s board of directors approved in February the plan to acquire 66.67% of PDS, triggering a showdown between the biggest stateowned lender and the PSE in gaining control of the fixed-income bourse.

The PSE had been working on the PDS buyout as early as 2013, as it targeted to merge the country’s equities and fixed-income bourses.

Since June, the stock market operator had signed share purchase agreements with the Bankers Association of

the Philippines (BAP); Whistler Technologies Services, Inc.; Investment House Association of the Philippines; The Philippine American Life and General Insurance Co.; FINEX Research and Development Foundation, Inc.; San Miguel Corp. and Tata Consulting Services Asia-Pacific Pte. Ltd., giving the PSE a 69.03% total stake in PDS. These agreements lapsed on March 31, in effect maintaining status quo on PDS ownership.

Currently, LANDBANK owns 1.56% of PDS through the BAP, which holds a cumulative 13.26% share for itself and its member-banks.

Mr. Buenaventura said only one shareholder agreed to LANDBANK’s proposal during the first offer last March 5-April 5, but declined to give details.

The bank’s fresh offer

— P360 per share in cash, versus the PSE’s P320 offer to be paid in shares — will run until May 20.

The bank intends to buy 4.167 million common shares worth a total of P1.5 billion, with Mr. Buenaventura saying that the PDS stands as a “potentially profitable investment” for the bank.

The Securities and Exchange Commission caps at 20% industry ownership and at five percent individual ownership of an exchange, but may grant exemptions if bigger control “will not negatively impact on the exchange’s ability to effectively operate in the public interest.”

Mr. Buenaventura said LANDBANK wants majority control in PDS to push capital-raising initiatives for small businesses, believing this concern will “not be given focus” under PSE’s watch.

Lower corporate taxes to lure HK firms to PH THE lowering of corporate income tax (CIT) rates had been seen to attract more investments from Hong Kong-based companies, Hong Kong Chamber of Commerce of the Philippines, Inc. (HKCCPI) President Anthony Chan said.

On the sidelines of the Hong Kong Trade Development Council

(HKTDC) High-Level Investment Mission Networking Luncheon Tuesday, Chan told the Philippine News Agency that investors from Hong Kong and also from mainland China welcome the proposed reforms in the second package of the Tax Reform for Inclusion and Acceleration (TRAIN).

IC to roll out e-payment system with LANDBANK THE Insurance Commission (IC) is set to implement an electronic payment program in partnership with Land Bank of the Philippines (LANDBANK).

In a statement sent to reporters yesterday, the IC said it signed a memorandum of agreement with LANDBANK, enabling the commission to use the state-owned lender’s electronic payment platform LANDBANK Link.BizPortal.

Through LANDBANK’s payment platform, clients of the IC will be allowed to remit payment of fees online.

The platform will allow the public to pay transaction fees using credit, debit and automated teller machine cards issued by BancNet and through other accredited payment channels.

“This online payment system project of the Insurance Commission SYSTEM/PAGE 8

He noted that the modernization of tax incentives, which may lead to the scrapping of some tax perks extended under the old system, is less of a concern for investors.

“In general, the lowering of tax rates is very encouraging and investment-friendly to foreign investors. If you are talking about incentives, it’s not for long term. In the long term, it’s the lowering of tax that is very positive for investors,” the HKCCPI executive said.

After lowering the personal income tax rate through the first package of TRAIN Law, the government eyes to reduce CIT rate from 30 percent to 25 percent with the TRAIN Package 2.

Meanwhile, some 40 business leaders from Hong Kong and Shanghai are on an investment mission here. They are reportedly scouting for opportunities in the

sectors of engineering and construction, real estate, architecture, energy, wastewater treatment, transportation, manufacturing, legal and accounting, among others.

Hong Kong Chinese General Chamber of Commerce Chairman and Co-Mission Leader Jonathan Choi said the business delegation now has more confidence in the Philippine market because of the improved relationship between Manila and Beijing.

He said both Filipino and Chinese companies should take advantage of the improved relations by embarking on more business partnerships and cooperation.

“The relationship of Philippines, China, Hong Kong, I think, is [now at its] best. The time is really good. So, the partnerships of businesses can create jobs, investments, and tax for the Philippines,” said Chan. (PNA)

Taluntunan Elementary School had accomplished BSP launches second 2017-2018 SBFP automated clearing house BANGKO Sentral ng Pilipinas’ (BSP) goal of coursing at least 20 percent of local payment transactions through electronic channels just got another big boost with Monday’s launch of another automated clearing house (ACH) called InstaPay. InstaPay is the second ACH under the central

bank’s National Retail Payment System (NRPS) after PESONet, which was launched in November 2017.

This platform reportedly allows consumers a safe, affordable and real-time electronic payment mode for up to PHP50,000 per transaction without limit AUTOMATED/PAGE 8

By: Bernildo A. Orellana

About 65 Undernourished children of TES had bebified t he 2017-2018 s cho ol based Feeding Program of Taluntunan Elementary School. The children were closely monitored by the school head and the Feeding Coordinator Ms. Allyn Marie L. Rojero as to the assessment of children height and weight after

having been implemented the program last year.

There are menu adopted to see to it that certain level of nutrients can be acquired by the pupil out of the program. Parents from the 4P’s also supported the SBFP by giving their time for the cooking of nutrients and delicious food to the children.

7 OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

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

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

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

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

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

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

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

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

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

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

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

METRO BANK- GAISANO 8561720

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

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

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

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

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

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

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

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

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

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

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

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

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

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

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

Capistrano Corner CruzTaal St. CDO 8524099/722695

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

8

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Friday|April 27, 2018

System... from page 7

Eleven-year-old Fritz Acebes is being prepped as an up and coming artist of the new generation by Dreamboard.

Dreamboard maintains a regular gig every Sunday at Limketkai Center. photo supplied

Kapatid Mentor ME to reach out to more Micro & Small Enterprises in provinces—DTI

W

ith the success of the Kapatid Mentor ME Program in 2017, the Department of Trade and Industry (DTI) looks to capitalize on its accomplishment and pick up where it left off as the program which is intended to assist micro and small enterprises in scaling up their businesses will continue for year 2018, aiming to reach more entrepreneurs in the countryside.

While reaching out to MSMEs, the Kapatid Mentor ME Program is also expected to contribute to the administration’s Trabaho, Negosyo Agenda— by producing more entrepreneurs, resulting to jobs for Filipinos.

DTI Secretary Ramon Lopez said the Kapatid Mentor ME Program has sparked an entrepreneurial revolution in the countryside by empowering micro and small enterprises that will benefit the community through job creation.

“The Kapatid Mentor Me (KMME) Program is driving the entrepreneurial revolution in the Philippines. More importantly, this revolution is happening in the countryside,” said Lopez.

“With the goal of helping entrepreneurs attain the mindset and business know-how, they need to sustain and scale-up their businesses.

This program empowers MSME business owners—particularly in the provinces—and helps them create jobs that benefit the whole community.”

Philippine MSMEs account for 99.5% of the total number of establishments and employ 62.8% of the country’s workforce, contributing substantially to the country’s manufacturing output and total employment, making them critical engines of economic growth and development.

Kicking off in 2016, the Kapatid Mentor ME Program aims to assist MSMEs in scaling up and sustain their businesses through weekly coaching and mentoring by business owners and practitioners on different functional areas of entrepreneurship. The program is jointly undertaken by DTI and the Philippine Center for Entrepreneurship – Go Negosyo.

In 2017, DTI assisted 24,078 individuals, including 17,144 MSMEs and graduated 1,780 Micro Entrepreneurs throughout the country.

The program also was able to certify 426 mentors, who will handle the modules and the mentoring aspects.

Sec. Lopez also highlighted the importance of the Department’s partnership with PCEGo Negosyo and local government units (LGUs) throughout the country.

“To sustain this growth, continued collaboration between DTI, PCE, and local government units is essential. Our goal now is to develop competitive MSMEs and create a culture that recognizes their contribution to the economic growth of the country,” he said.

The 2018 Kapatid

Mentor ME sessions kicked off last February 13, 2018 in Ifugao and will run in 16 regions throughout the country until September 2018.

The 11-week program will have weekly modules such as Marketing, Financial Management, Human Resource Management, Operations Management, Business Law, Taxation, among others. On

the 11th week, the mentee is required to present his/her business improvement plan, incorporating the learnings from the lectures and mentoring sessions.

To qualify as a mentee, the entrepreneur should be a business owner or manager of a micro/small enterprise operating for at least one year.

Puga-an Brgy. Council initiated the repair of TES stage By: Bernildo A. Orellana

Out of her generosity, Brgy. Capt. Mares Sarado Amit of Barangay Puga-an and the Barangay council spearheaded the minor re p a i r o f Ta l u nt u n a n Elementary School stage, last March of 2018, such as replacement of dilapidated roofing, repainting and the placement of new backdrop to be used during 2 2 n d c o m m e n c e m e nt exercises.

Accoding to Amit she would be glad if the school would submit another proposal for my project so that the Barangay council would allocate funds for repair and other minor projects of the school.

The school head and teachers are very much happy to the pronouncement of the Barangay chairman i n c l u d i n g t h e G P TA association.

Gulayan sa Paaralan Accompunishment Report FOR 2018 By: Joan Osorio Sagun

Avery fruitful achievement for last school year 20172018 implementation for Gulayan sa Paaralan of Iligan City East National High School, of Barangay Santa Filomena Iligan City have gained a 100% support from the community and other stakeholder of the school.

We had implemented our school based feeding program that caters more or less 100 undernourished students identified for

the program and it was sustained through the income generat ion of our GPP, we had Vermi Culture Product,school based Gulayan sa Paaralan search for best implementor and the students learned a lot of skills in the handson activity in planting crops and vegies inside the school campus. While our school administration is backing-up in the serious implementation of the program.

is aimed at making transactions faster, safer and convenient to those who are transacting with us,” Insurance Commissioner Dennis B. Funa was quoted as saying in the statement.

The e-payment facility will initially be rolled out for customers who intend to take the Insurance Agent’s Qualifying Examination, and will soon be available for other transaction fees assessed and collected by the IC. A minimal transaction fee from P10 to P30 will be charged by LANDBANK. In it i a l l y, the LANDBANK e-payment portal may be accessed online 24/7 through its Web site. Once the system is fully implemented, the online platform will become available in the Web site of the IC. “C omp a re d t o t h e traditional and over-thecounter payment process, transaction entered through the online payment system have distinct advantages, not only to our clients but to the government as well,” Mr. Funa added, noting that the online payment platform will increase the efficiency of remittance of funds to the Bureau of the Treasury.

The state-owned lender launched the LANDBANK Link.BiPortal in 2017 with the Bureau of Internal Revenue as its pilot client for tax payment.

“The implementation of this e-payment is another milestone in line with the thrust of the government to promote ease of doing bu s i n e ss an d m a k i ng transactions faster and more convenient to the public,” said Mr. Funa.

Automated... from page 7

in a day. Charges may apply to the one sending the fund and the one receiving it depending on the financial institution

they will tap.

BSP Governor Nestor A. Espenilla Jr. told reporters in an interview that NRPS was conceptualized after results of a survey done in 2014 showed that only 1 percent of payment transactions in the country are done electronically while the balance is accounted for by cash and check payments.

He said this figure is “quite disturbing”, given the fact that online transactions are not new in the country.

“That’s the opportunity area …from 1 percent back in 2014 to at least 20 percent of the total volume of transactions by 2020. And through an infrastructure like this, that is very doable,” he said.

“Once we have fully rolled out these solutions, it’s probably time to do another survey -- a way of checking exactly where we are on this,” he added.

Earlier, BSP officials said about P2.5 billion worth of payment transactions happen in the country in a month.

This particular payment platform is governed by the BSP-regulated industry-led body known as the Philippine Payment Management Inc. To date, 20 financial institutions have agreed to be part of this payment system.

Banks that have agreed to provide InstaPay -- related payments and withdrawals are Asia United Bank, BDO Unibank, China Banking Corporation (ChinaBank), China Bank Savings (CBS), Equicom Savings Bank, Security Bank, and Union Bank of the Philippines (UnionBank).

Those that allow receiving of payments only are CTBC Bank, EastWest Bank, Land Bank of the Philippines (Landbank), Metropolitan Bank & Trust Company (Metrobank), Omnipay, PayMaya, Philtrust Bank, Philippine Savings Bank (PSBank), Rizal Commercial B an k i ng C or p or at i on (RCBC), Robinsons Bank, Sun Savings Bank, United Coconut Planters Bank (UCPB), and Yuanta Savings Bank. (PNA)

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City

MARK ANTHONY M. CENIZ CASE NO.

R-10-NC-PA-TH

2018-04-1257

EDGAR BAUTISTA CASE NO. R-10-NC-PA-TH

2018-04-1316

NOTICE OF HEARING

APPLICANT(s)/PETITIONER(s) request/s authority for the issuance of Certificate of Public Convenience to operate TH FREIGHT service on the line: WITHIN CAGAYAN DE ORO CITY AND FROM SAID PLACE TO ANY POINT IN REGIAN X ACCESSIBLE TO MOTOR VEHICLE TRAFFIC and vice versa with the use of ONE (1) unit/s.

This application/petition shall be considered by this Board on May 3, 2018 at 3:00 P.M. at this Board on which date Applicant(s)/ Petitioner(s) shall formally submit his/her/its evidence.

The Applicant(s)/Petitioner(s) shall publish said notice at least FIVE (5) DAYS prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island.

Party(s) opposed to the approval/granting of the application/petition must file his/her/its written opposition with the supporting documents, unless this Board deems it necessary to require additional documentary evidence and/or his/her/its oral testimony(s).

FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/ PETITION.

Issued this 19th day of April 2018 at Cagayan de Oro City, Philippines.

(Sgd.) AMINODEN D. GURO Regional Director BWM: Apr 27, 2018

NOTICE OF HEARING

APPLICANT(s)/PETITIONER(s) request/s authority for the issuance of Certificate of Public Convenience to operate TH FREIGHT service on the line: WITHIN CAGAYAN DE ORO CITY AND FROM SAID PLACE TO ANY POINT IN REGIAN X ACCESSIBLE TO MOTOR VEHICLE TRAFFIC and vice versa with the use of ONE (1) unit/s.

This application/petition shall be considered by this Board on May 3, 2018 at 3:00 P.M. at this Board on which date Applicant(s)/ Petitioner(s) shall formally submit his/her/its evidence.

The Applicant(s)/Petitioner(s) shall publish said notice at least FIVE (5) DAYS prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island.

Party(s) opposed to the approval/granting of the application/petition must file his/her/its written opposition with the supporting documents, unless this Board deems it necessary to require additional documentary evidence and/or his/her/its oral testimony(s).

FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/ PETITION.

Issued this 19th day of April 2018 at Cagayan de Oro City, Philippines.

(Sgd.) AMINODEN D. GURO Regional Director BWM: Apr 27, 2018

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Friday|April 27, 2018

CDO BASED DEVELOPER:

9

IDC attends Investing in the Philippines seminar at Singapore The Italian Chamber of Commerce Philippines in partnership with the Italian Chamber of Commerce Singapore, The European House of Ambrosetti, EU – Philippines Business Network and industry partners, had its first exclusive seminar on “Investing and Doing Business in the Philippines” last April 13, 2018, at UniCredit Banca, Singapore.

IDC’s CEO Romolo V. Nati in company with AMB. Joseph Del Mar Yap (Philippine Ambassador to Singapore) D.G Charito "Ching" Plaza (Director General of Philippine Economic Zone Authority) and Marie Antoniette Mariano (SAVP and Head of European Desk, BDO Unibank Inc.) was invited to the said exclusive event.

Looking back when IDC was searching for a place that would fit its ideals, Nati recalled, “We started to go around the Philippines. We studied different cities in the

country. In the end, we decided to start in CDO because of many different reasons, among of which is that CDO has a businessfriendly environment, good investment growth, the presence of multinational companies and CDO has the best location in Mindanao" Italpinas Development Corporation is a listed green design-driven company engaged in real estate, born in the city of Golden Friendship, a city they considered the city of golden of opportunities. Eight years ago IDC was established with an aspiration of becoming the first mover of green developments for emerging cities. A few years later, with its two globally recognized and in-demand projects, Primavera Residences and Primavera City invested in Cagayan de Oro, the company achieved a great feat at a tender age.

IDC's project particularly Primavera City in Uptown Cagayan

de Oro will consist of seven buildings with an investment of worth 3 billion pesos. This proves that investing in CDO is indeed one of the best investment opportunities that every investor must grab on.

IDC is a leader in promoting green advocacy in Cagayan de Oro. Both projects of IDC, Primavera Residences, and Primavera City, won the International Property Awards for Best Mixed-use Development in the Philippines.

With its dedication to smart and passive green developments, Primavera Residences garnered the distinction of being the First Completed Condominium Project in East Asia to be given an EDGE (Excellence

in Design For Greater Efficiencies), a global green certificate by IFC World Bank.

To know more about IDC’s green and sustainable projects in Cagayan De Oro and Sto Tomas, Batangas, visit www.italpinas.com

10

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Friday|April 27, 2018

Proof... from page 2

association with the airline industry and airports around the country.

“The ATSC is already TESDA Accredited and is planning to offer more courses this year, including C abin Cre w Training ,” Guiani-Sayadi said.

During Tuesday’s meeting between the city mayor, the president of ATSC Michael Mustapha and a Malaysian investor who is one of the school’s directors, GuianiSayadi has committed to provide scholarship to future deserving students of the ATSC and to become partners in promoting the aviation industry, not only in Cotabato City, but in its neighboring provinces as well.

With the anticipated construction of a Technical Training S cho ol, to b e donated by a group of Chinese investors to Cotabato City, the local government and the ATSC will also be forging a partnership in managing the aviation institution.

“I am excited on the future of the school. It is both an honor and an opportunity for Cotabato City to have ATSC,” she said. “And the city government is ready to extend its helping arms especially to institutions that will help us shape the future of our next generation.”

With the growing demand in aviation professionals all around the world, it is highly possible that more and more Cotabateños and other young ones will be interested in taking aviation courses. Accordingly, aircraft mechanics are the third highest paid in the world in the field of aviation, trailing behind pilots and air traffic controllers.

Mustapha said being an aviation professional himself, he has already seen and experienced the vast opportunities that await future aviation professionals and Cotabateños have a high potential of making it in the global arena.

“It has been a gruelling journey for me as I started to build up a name for the school. But I know that all the hardships will be worth it because I believe in the potentials of young Cotabateños,” Mustapha said.

The school offers aviation courses at a much cheaper cost as compared to other aviation schools in the country.

Me a n w h i l e , C o n s u l officials from Malaysia were also present during the meeting and were impressed as the lady chief executive shared about the current situation of Cotabato City where investments are high and the peace and order situation has remarkably improved.

With this, they also expressed their willingness to solicit from a Malaysian education investment entity support to ATSC. “This confidence that foreign investors have is proof of Cotabato City’s dynamic growth and the security that

its local government provides for its people,” Guiani-Sayadi said.

Cotabato City is not part of ARMM but it hosts the regional center and most of the ARMM’s regional offices.

(PNA)

Projects... from page 2

Marco Polo Hotel on Tuesday, Assistant City Administrator Tristan Dwight Domingo said the IM4Davao guides the city on how it will pursue infrastructure development. It will also raise accountability.

“This is a list which can serve as a basis of specific things we can request from the national government to help us with or to fund,” he said.

It is also a show window for the people to see the bad effects of urbanization.

Domingo said people can also check the performance of the government.

“We encourage people to learn more about the plan,” he said.

Some of the projects are already subject to funding while others are on-going.

N E DA d i r e c t o r Ma r i a Lourdes Lim hopes other projects will obtain grants so that these can be started.

She said the other components of the masterplan will have to go through a rigorous evaluation or appraisal process and the appropriate financing scheme.

“Having these projects, for example, in the public investment program which is being managed by NEDA, that will be a signal not only to our government but also to our ODA (Official Development Assistance) partners and even private sector through PPP (public-private partnership) that we want to make Davao City as, perhaps, the most competitive and livable city in the southern Philippines,” Lim said.

The report presented on Tuesday detailed the issues currently confronting the city.

These are the degrading water quality of the Davao River with its high fecal coliform and total suspended solids; traffic problem; and, urbanization trend, particularly on the rapid increase of the city’s population in 30 years from less than a million in 1985 to 1.6 million in 2015.

In its population forecast, the report said Davao City plus the six adjacent local government units could reach 5.2 million in 2045 from 2.5 million in 2015 population count.

To address bottlenecks and new roads, the list includes short-term projects such as the completion of the Davao City Bypass road; completion of the Davao City Coastal Road; secondary routes between the bypass road and Diversion road; and, the establishment and operationalization of the Davao City Traffic Control Center.

For mid-term (2023-2030), the list includes the extension of Diversion road to Toril; the construction of Davao

Riverside Boulevard together with river improvement; and, secondary roads to serve newly-urbanized areas.

The long-term projects (2031-2045) are the construction of the BuhanginBunawan Bypass Road; construction of the TalomoCalinan Bypass Road; and continuous secondary road development.

There is also the railway network plan, a combination of the ongoing Mindanao Railway with the proposed Davao City Mass Transit Line.

Lim said the projects are even aligned with the 10-point development agenda of Mayor Sara Duterte.

Lim also underscored stakeholders’ participation and support.

“This plan will not be realized without the support of the stakeholders,” Lim said.

(Lilian C. Mellejor/PNA)

Safety... from page 4

them that if they insisted on towing his vehicle, all hell will break lose. Good that the aides desisted from their threat, the sheriff said, who told me that it appeared the Makati traffic aides merely wanted to shake him down, which he refused to indulge.

-ooo FOR QUESTIONS, REACTIONS: If anyone would like to ask me any question about what the burning issues of the day mean, or what we have discussed here, or to consult on any problem, whatever it maybe, please call 0917 984 24 68, or email me at batasmauricio@yahoo.com, or post your concerns at www.facebook.com/attybatas.

Promise, I will answer right away. Thank God in the Name of Jesus, Amen!

Wishes... from page 4

regards” becomes “KR”, or “yours” may do away with pesky vowels to leave “yrs”.

Heaven forbid!

“When someone signed off ‘BR’ for ‘best regards’, I just thought they were cold, brrr,” says Gannon.

And, in my opinion, sorry to say, I even don’t reply anymore after receiving such correspondence. Oh sure, we are all busy, but there should be just a minimum of respect, if I communicate with someone. In business or personal. By letter, email or text message.

Many times, there are those who pare it down to the absolute minimum, signing off with simply their name or even just the initial letter of their forename. Others might omit a sign off altogether.

While this may come across as peremptory or rude, at least it avoids misinterpretation.

Nearly formal but not totally formal, but they’re not as informal as ‘CU in a MNT on bus OMW’.

Some people swing the other way and end their emails with an altogether friendlier tone. While most would consider that kisses have no place in a business environment, they often

creep into emails – and sometimes from people the recipient has never even met. For some, an “x” at the end of an email is a friendly endnote; for others it is totally inappropriate.

Even just calling someone by first name, is not the way how it should be in business.

What’s clear is that some British terms used to end emails just do not translate well. A casual “cheers” is frequently used as a sign off on UK emails, but can be utterly perplexing for other nationalities. Not surprising when a hearty “cheers” also can be used for clinking glasses at the pub, or to thank a checkout person at the supermarket. Here we have to deal with British and American English.

For author Michael Rosen, emails now occupy a halfway house between texts and letters.

“The key thing is that emails aren’t the same as letters. I position them in my mind as a sort of halfway place between texts and hard copy letters: nearly formal but not totally formal, but they’re not as informal as ‘CU in a MNT on bus OMW’,” says Rosen. I strongly agree with him.

And, he adds given their place in this ambiguous noman’s land of communication, it follows that there will continue to be a whole raft of ways to say “goodbye”.

Best wishes and goodbye. +++ Email: doringklaus@gmail. com or follow me in Facebook, Twitter or LinkedIn or visit my www.germanexpatinthephilippines.blogspot.com or www. klausdoringsclassicalmusic. blogspot.com .

SM...

from page 6

scheduled to launch the ThreeE-Com Center, its third office building in the Mall of Asia Complex, as well as add more rooms to the Park Inn Hotel in Clark, Pampanga.

“Our strategy to roll out more malls, launch more residential projects and complement existing on e s w it h of f i c e s an d hotels to achieve integrated developments have continued to drive double-digit growth for SM Prime for both revenues and net income,” he added.

SM Pr i me p o ste d a 14-p ercent incre as e in consolidated revenues of PHP90.9 billion in 2017 from PHP79.8 billion the previous year. Its recurring net income grew by 16 percent to PHP27.6 billion from PHP23.8 billion in 2016.

SM Prime ended 2017 with a total of 67 malls in the Philippines offering 8 million square meters of gross floor area (GFA), and seven malls in China with 1.3 million square meters of GFA. (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

CDO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947

DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631

CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491

LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739

CORRALES BRANCH Corrales Ave., Cagayan de Oro City

CARMEN BRANCH Vamenta Blvd.,Cagayan de Oro City Tel. # (088) 231-2011

11

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Friday|April 27, 2018

Celebrates... from page 12

the program by sharing the humble beggining of MyPhone, on how the CEO of the company has strived and fight giant phone brands to offer Filipinos diginity by having a brand new phone instead of buying GSM or Ga ling sa Mag na na kaw phones.

Aside from the fun, talent showcase of our Kababayans, t here’s a lso an ADOBO Cooking contest where more than 15 contestants joined.

According to his speech later in the event, Mr. David Lim personally chose to have such contest because Adobo is a food brand associated to Filipinos for centuries.

Mr. David Lim thanked our kababayans in Hong Kong for suppor ting MyPhone for the last 10 years. He also introduced a new Filipino phone brand which aims to reach a global market that will carry quality Fi l ipi no produc t s t h r u #BrownAndProud’s Barko. “ This would only be possible if we, as a nation, support Filipino products. Let’s all practice the #FilipinoFirst mentality “ says David.

Atty Elena Lim, Chairman Emeritus of Solid Group Inc., also thanked our kababayans in Hong Kong for being courageous and hardworking for their families back in the Philippines. To those who looked down on their jobs, Atty. Lim left an inspiring message that we, as Filipinos, are always “MORE THAN THAT!” and the Filipinos are a family of culture and resilience.

The program continues w it h more Filipinos showcasing their talents in Dancing and Singing. A day for our Kababayans to have fun and forget their loneliness of being away from their families back in the Philippines.

David Lim, Atty Elena Lim, Inyi Yruma with the lucky OFW who won a Book “Iam Who I am” by Atty Elena Lim. Our Kababayan’s went wild, especially the ladies, during the sign-a-long with Jason Fernandez, former R ivermaya vocalist, and The Voice of the Philippines finalist. He sung Original Flipino songs like Elesi, Hinahanap-hanap Kita, and Hanggang among others. It was when he sung Hawak Kamay that our Kababayans got emotional, leaving a

message to them. “Basta’t sama-sama at #HawakKamay tayong mga Pilipino, kaya nating mag tagumpay sa bawat hamon ng buhay.

Support #BrandPilipinas” Araw ng Kayumanggi is indeed a successful event at tended by t hou s a nd s of Fi l ipi no s i n C hater road, Central. According to Kevin Tan “It was an empoweing event that uplifts our spirits as Filipinos. It could be only a day of Fun for our Kababayans whom are working really hard in Hong Kong, but the message of supporting everything beautiful about our country will remain on our heart. If we work and support one another, in the near future we won’t need to work abroad because our country can now offer jobs that can sustain our needs. We can become WORLD CLASS, and that is Brown&Proud.” Says by the Vice president of MyPhone.

Fore more updates about brown and proud, please Like www.facebook.com/ phbrownandproud and www. facebook.com/myphone

Economy... from page 1

construction projects that started in 2017, he quickly added.

Taghap said that only after each construction project is finished that it will be recorded by PSA. W i t h t h i s , Ta g h a p forecast that the figure will rise by the end of this year as many construction projects in the region are expected to complete within December.

The overall industr y sector - which included construction - registered a 5.9 percent growth in 2017, lower than the 9.8 percent growth the previous year.

Services also hit a low from an 8.3 percent growth in 2016 to only 6.6 percent last year.

The agriculture sector fared b etter with a 4.7 percent growth, up from 2016’s 2.4 percent.

Haven... from page 1

office of the Department of Tourism-10 here showed.

Although this pales in comparison to Boracay’s millions of tourist arrivals every year, Romualdo feels unperturbed.

“We don’t rush things. We can’t take more than we can chew, so to speak,” he said.

The mayor of the province’s capital town was referring to

Republic of the Philippines Region X Province of Lanao del Norte Municipality of Kapatagan

ARSENIO BERMEJO TAGUBAR (Complete Name of the Petitioner)

JUNE 29, 1953

and whose parents are

at

MARCELA

(First Name to be changed)

has filed with this office a petition for ” to “

MARCELA BERMEJO

(Complete Name to be Change)

PEDRA

(New First Name to be Adopted)

”

who was born on

KAPATAGAN, LANAO DEL NORTE (Place of Birth)

MATEO BERMEJO (Name of Father)

and

from page 1

Corp. (GAREC), whose business office is in Manolo Fortich.

“The plant will be located on a two-hectare property purchased from the Quiño Family and it is adjacent to the defunct BRCI in Manolo Fortich,” said Deither Hoff Arellano, project development manager.

So far, Arellano said they have no power supply agreement with any power distribution utility.

“We will dispose of the energy to the Wholesale Electricity Spot Market (WESM),” he said.

WESM is a venue where electricity made by powerproducing companies are centrally coordinated and traded like any other commodity and prices are driven by the law of supply and demand. “ Though we will be

CATHY MARABELLO BOOL

(Name of Mother)

(SGD) ivY ReYeS TOnGcO Municipal Civil Registrar

has filed with this Office,

(Complete Name of the petitioner)

a petition for Correction of Clerical Error-Change of Gender from “

MALE

(Gender to be changed)

” to “

in the Certificate of Live Birth of

FEMALE

(New Gender to be adopted)

”

CATHY MARBELLO BOOL

(Complete Name of the document owner)

who was born on

NOVEMBER 21, 1997 at SAN VICENTE, KAPATAGAN, LANAO DEL NORTE (Place of Birth)

and whose parents are ANTONIO CAYLAN BOOL (Name of Father)

and

CERLACA EGO-OGAN MARABELLO (Name of Mother)

Any person adversely affected by said petition may file his written opposition with this Office not later than 15days.

BWM: April 20 & 27, 2018

Cleaning... from page 4

around with people who gossip and criticize others, you can decide right now to stop. If you will just ask Jesus Christ to forgive you, He will.

Then Jesus will give you His powerful love for others, so instead of hurting them you will want to help them. You’ll even defend and stand up for them when others talk badly about them. Then, someone just might do the same for you when the gossipers are talking badly about you. Just Think a Minute…

Accolades... from page 4

provinces.

Cagayan de Oro is home to world-class shopping malls, high rise condominiums and business process outsourcing hubs, among others.

At the rate Cagayan de Oro is changing its skyline, would it catch up with leading growth centers like Cebu, Davao or even Metro Manila?

Perhaps these development agenda are City Hall’s top priority: modernize solid waste disposal and make traffic woes a thing of the past.

To walk the talk is what matters most. (ruffy44_ ph2000@yahoo.com)

Publication Notice Republic of the Philippines Province of Misamis Oriental Municipality of Initao -oOo-

CFN-0003-2018

In Compliance with Rule 7 of R.A. 10172. A notice is hereby served to the public that

(Complete Date of Birth)

IGNACIA PABLIO

Any person adversely affected by said petition may file his written opposition with this Office not later than 15days.

BWM: April 20 & 27, 2018

Biomass...

producing 12MW of power, we will only dispose of to the WESM the 10.2MW because we will be using the remaining power in our plant,” Arellano said.

He said they will use Napier or king grass as the primary fuel of the power plant, citing a successful biomass plant in Honduras using Napier as one of the sources of fuels.

Arellano said 60 percent of the company is owned by a Filipino family and the 40 percent by a Chinese partner.

He said the project could generate employment and income to the barangay and the local government unit.

The company is also obliged to observe its corporate social responsibility to the host locality.

He said they have already contracted 600 hectares of land to be planted with Napier for use of the plant.

He said the barangay council of Dickilum and the Sangguniang Bayan of Manolo Fortich have passed resolutions endorsing the project.

Arellano appeared before the Sangguniang Panlalawigan last week to seek endorsement for the project. (Mel B. Madera/PNA)

NOTICE TO THE PUBLIC NOTICE FOR PUBLICATION

In Compliance with section 7 of R.A. 9048, a notice is hereby served to the public

(Complete Date of Birth)

Sangguniang Panlalawigan member Hazel O. del Rosario, author of the ordinance, said the revision of new tax real tax assessment is embodied in Republic Act 7160 or the Local Government Code of 1991 citing a certain provision that amends rates of real property taxes every three years.

The ordinance for the general revision of SFMV for all real estate properties of the province is pursuant to Sections 212 and 219 of the local government code.

“The purpose of this ordinance is to equalize and update real property valuation for taxation,” del Rosario said noting that the revised local tax assessment might be a burden to local residents but in the end they would benefit from it since the funds will go to social development in the wake of rising population of the province.

R.A. 10172 (Gender)

NOTICE FOR PUBLICATION

in the birth certificate of

from page 1

Office of the Municipal civil Registrar

R.A. 9048 From No. (LCRO)

Change of Name from “

Assessment...

Del Rosario, who chairs the Committee on Ways and Means, has led the public consultations on the proposed ordinance to the province’s 13 towns) held last February 21 until March 6 of this year.

P rov i n c i a l As s e s s or Cesar T. Rufila, Jr. said the adjusted new real property tax assessment level basically increases the real property taxes at 5 percent for residential lands, 12 percent for commercial properties and 20 percent for agricultural lands. General revisions happened every three years, the last was conducted in 2015 and took effect in 2016.

With the adjustments for example, a residential lot owner of at least 300 square meters for the Municipality of Prosperidad will now have to pay P726 per year.

In compliance with Section 202 of the local government code, real property owners are required to file a duly notarized Sworn Statement declaring the true value of their properties every General Revision, whether previously declared or undeclared.

Ne w real prop er ty owners are told to declare their properties within 60 days upon acquisition or upon making improvement/ construction of the property.

However, as stated in Section 204, if a real property owner refuses or fails to make such declaration, the local assessor himself shall declare and assess the properties for taxation.

Republic of the Philippines Region X Province of Lanao del Norte Municipality of Kapatagan

Office of the Municipal civil Registrar

that

and green.

He s aid t hat in his municipality alone, a no smoking and plastic ban were already strictly enforced long before President Rodrigo Duterte had decreed it nationwide.

Romualdo added that even during the time he was still the provincial governor, he already required resort owners to responsibly dispose of their wastes through proper waste management and sewerage system.

He proudly declared that the e coli level present in the waters surrounding Camiguin is way below the danger level that caused the government to close down and rehabilitate the more illustrious Boracay Island.

He also added that two power projects, a windmill and solar energy sources with a total capacity of 5 megawatts are already on the pipeline though he refused to elaborate pending the final decision of the project proponents.

H o p e f u l l y b y Ju l y, Romualdo said the Philippine Long Distance Telephone Co. (PLDT) could already finish the installation of their optic cable lines so that the island would become wifi-wide.

“If all these are put into places soon, only then we can say we are ready to welcome the world,” he said.

“We can then have a catchy monicker for Camiguin: ‘Come Again!’ Romualdo enthused.

the still growing hotel and restaurant industry in the province.

Todate, DOT-10-affiliated hotels and homestays in Camiguin numbered only to about 1,000 rooms, which is not enough to accommodate the millions that come to Boracay, he said.

But the mayor’s wife, provincial governor Maria Luis Romualdo, earlier said that two big hotels in nearby Cagayan de Oro City are set to build their respective branch in the province.

She said that the Limketkai Group, which owns the five-star Luxe Hotel in d ow ntow n C ag ay an d e Oro, will construct its own hotel in Mahinog, while Mallberry will expand its existing hospitality business in Catarman.

This development poised Camiguin to become one of the Association of Southeast Asian Nations’ (Asean) most sought-after tourist and event destinations, the governor said.

“Camiguin will never back out [in] hosting any major event,” the governor said.

In an inter view with reporters, Mayor Romualdo also revealed plans by the Philippine Airlines (PAL) to bring flights to Camiguin star ting July this year.

Currently, Cebu Pacific Air takes a thrice a week flights to Mambajao Airport via Cebu. Only Skyjet Airlines has opened a direct route to the island from Manila starting last February.

The expected surge in tourist arrivals puts pressure to the local government, the mayor said. This brings to fore Romualdo’s old plan when he was still a legislator to expand the existing airport located in Mambajao.

He s aid t he Jap an International Cooperation Agency (JICA) has already indicated its willingness to fund the project.

The planned 3-kilometer expansion could dwell on two choices: to draw inward which entails a bigger budgetary requirement because it would cross the main highway, thus requires the road to go underground, and the other option is going outward, which means reclaiming portion of the shoreline.

“Whichever way, there is a need for expansion for Camiguin to pull ahead,” he said.

Likewise, Romualdo also intends to maintain the lofty billing of the island as clean

(SGD) ivY ReYeS TOnGcO Municipal Civil Registrar

April 16, 2018

In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines the Implementation of the Administrative Order No. 1 Series of 2012 (IRR on R.A.10172), Notice is hereby served to the public that “DWIGHT NELSON” to “DWIGHT’’ and correction of entry in sex from ‘’ ‘’ to ‘’ ‘’ or correction of entry in the date of birth from ‘’ ‘’ to ‘’ ‘’ in the certificate of live birth of DWIGHT NELSON W. TUPAG at Initao, Misamis Oriental and whose parents are NELSON P. TUPAG and ALBERTA G. WAGA.

Any person adversely affected by said petition may file his written opposition with this Office not later than May 4, 2018.

BWN: April 20 & 27, 2018

(SGD.) ISAIAS A. JARALES Municipal Civil Registrar

12

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Friday|April 27, 2018

MyPhone and Brown&Proud celebrates Araw ng Kayumanggi in HongKong

S

olid Group, Inc’s Kevin Tan (VP of MyPhone), David Lim (CEO, President and Founder of MyPhone and Brown&Proud) and Atty. Elena Sen Lim (Solid Group’s Chairman Emeritus) personally went to Hong Kong for the Araw ng Kayumanggi event held last Sunday (April 8) at Chater Road, Central.

Araw ng Kayumnggi is a whole day event organized by MyPhone and Brown&Proud

for OFWs and our Kababayans in HongKong.

It aims to celebrate our pride as Filipinos and

act as Solid Group Inc’s thanksgiving event for MyPhone’s 10th Anniversary.

The event was opened through a public mass for the OFW’s in the morning.

The main event started at 1pm in the afternoon with intermission numbers from our lively and talented Kababayans.

Inyi Yruma, Marketing Head of MyPhone, opened celebrates/PAGE 11