BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 130
Market Indicators As of 5:00 pm april 26, 2016 (tuesday)
FOREX
PHISIX
US$1 = P46.787
7,180.53
5.7
X Briefly
cents
X
31.39 points
Peace-building THE EUROPEAN Union (EU) and the United Nations Development Programme (UNDP) have launched a project that hopes to sustain the development of Mindanao by broadening local capacity for public administration and widen participation in peacebuilding. “We would like to keep the dialogue open to strengthen peacebuilding efforts even in the grassroots level,” EU Ambassador Franz Jessen said in a statement. “This initiative would contribute to ensuring participation of all stakeholders especially women and children in local processes, decision making and conflict mitigation for sustainable peace,” he added.
Greenhouse reduction VARIOUS government agencies, nongovernment organizations and civil society groups have committed to helping reduce the country’s greenhouse gas emissions by 70 percent by 2030. The commitment was the gist of a covenant signed on Friday at the Department of Environment and Natural Resources (DENR) in Q uez on C it y o n t h e occasion of Earth Day. The covenant signing happened on the same day the Paris agreement on climate change was signed by world leaders at the United Nations headquarters in New York.
2014 ppi’S Best in ENVIRONMENTAL Reporting
P15.00
NGCP sets up measures to ensure stable power www.businessweekmindanao.com
G
Thu-Fri | April 28-29, 2016
By CHENG ORDOÑEZ, Associate Editor
OVERNMENT-owned National Grid Corporation of the Philippines (NGCP) is stepping up contingency measures to secure its transmission lines which are vital to ensure sufficient and steady supply for the national elections which is less than two weeks away.
NGCP spokesperson Cynthia P. Alabanza said the grid operator will have to step up and clear those lines with the help of the AFP [Armed Forces of the Philippines] and PNP [Philippine National Police]. Alabanza said the company is set to clear
the areas underneath the transmission lines within 20 days after April 20. These areas have been planted with fast-growing trees that could cause electricity to trip and result in power outages. She said the NGCP needs to clear of vegetation eight transmission lines
in Mindanao to ensure rel i abi l it y of p owe r supply. The lines are in properties with several claimants who have been demanding exorbitant amounts to settle rightof-way issues. In a cont ingenc y briefing with editors of ngcp/PAGE 9
Linemen secure the power lines. The grid operator has implemented measures ensure steady supply of power during the election day.
Wage hike petitions:
P163 for Davao Region, P148 for Soccsksargen By CARMELITO Q. FRANCISCO, Correspondent
DAVAO City -- The Trade Union Congress of the Philippines (TUCP) has filed petitions for an increase
in the minimum daily wage in the regions of Davao and Soccsksargen, by P163 and hike/PAGE 9
P500-M bulk water supply project underway in Misor A BULK water supply project worth P500 million is now underway in the municipality of Opol, Misamis Oriental which FRESH CATCH. A fisherman unloads his catch from the seas of Samal Island at is undertaken through a Bangkerohan public market in Pag-asa, Bangkerohan, Davao City. Pag-asa is the public-private partnership dropping point for vegetables and fishes from different regions in Mindanao. scheme. MindaNews photo by Toto Lozano In a statement, listed firm
A Brown said its subsidiary-B Bulk Water Co., Inc.--has launched the project located at the Lumayagan River in Baragay Tingala in Opol town. The project is in partnership with the local government of Opol. supply/PAGE 11
Different parties, different strokes:
Local pols (re)imagine CdO’s mental-health facility, program (First of a two-part series) By LINA SAGARAL REYES, Contributor
TO build or not to build a mental health facility is no longer a question among politicos in Cagayan de Oro City in Mindanao. All the three contending political parties in the coming May 2016 elections agree the time is ripe to build one.
The Centrist Democratic Party (CDP), Liberal Party (LP) and the Padayon Pilipino Party (PPP) have all claimed that constructing a mental hospital is among their to-do list, should their candidates win. But the three political
organizations differ in their strategies to fulfill the promise of a public facility deemed to improve access to mental health services for the city’s population of almost 700,000, who are living in communities that bear the brunt of mental health disorders, some of which are drug-abuse related. Q u ot ing t he World
Health Organization (WHO), epidemiologist Aileen Alfonso Duldulao in a study of clients data at a local psychiatric facility here noted that “(I)n the Philippines, the need for in-patient psychiatric care is severely unmet. According to the 2014 Mental Health Atlas Country Profile for the Philippines, there were
only 3 inpatient mental hospitals, 14 psychiatric units in general hospitals, and 15 inpatient residential care facilities to serve a population of over 100 million.” In Mindanao, the 200bed Davao Mental Hospital at the Southern Philippines Medical Center compound pols/PAGE 9
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776
BusinessWeek MINDANAO
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
E conomy 2 hires DSWD brings job opportunities ARMM 562 new teachers closer to the people thru PESO 2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
thu-fri|april 28-29, 2016
MARAMAG, Bukidnon -- In its aim to improve socio-economic condition of poor families through the Sustainable Livelihood Program (SLP), the D e p ar tment of S o ci a l Welfare and Development (DSWD) conducts Employment Facilitation of beneficiaries who are graduates of technical courses. This was made possible through the supervision and support of the Philippine Employment Service Office (PESO) in the municipality of Maramag, Bukidnon. Considering the distance of the communities from the main city of Cagayan de
Oro, the department seeks to amplify employment opportunities closer to the people. “More than the assistance, our goal is to empower our beneficiaries and encourage t h e m t o b e c on f i d e nt about themselves through participation in community activities,” says Leah Viray, SLP provincial coordinator. The Employment F a c i l i t a t i o n a c t i v i t y, highlighted matching of applicant’s comp etence vis-à-vis the job offers. Possible placement agencies for either local or international employment were invited for the initial screening of applicants.
Subsequent processes will be done by the respective agencies considering the legal processes and bulk of applicants that needs to be reviewed. Maricel Reños, on the other hand, shared that she seeks for local employment to support her husband who works as a farm laborer. Although the education of her two children is being supported under the Pantawid Pamilyang Pilipino Program, the income of his husband is not sufficient to support the greater needs of the family. “Dagko kaayo ang kausaban sa akong kaugalingon, human ko naka graduate ug technical course,
confident na ko makig-abi abi sa ubang tawo. Karon pod nga gitagaan ko ug dagkong oportunidad makatabang sa akong bana para sa maayong kaugmaon sa among pamilya. (After earning my certificate in technical course, I feel confident about myself e sp e c i a l ly i n e ng ag i ng with other people. This employment opportunity is really a blessing for me, to be able to support my husband and earn as well for the future benefit of our family),” says Reños. About 600 beneficiaries coming f rom Maramag and nearby municipalities, join the activity along with participating placement agencies and partner Te c h n i c a l Vo c a t i o n a l Institutions. “If only we continue to conduct similar activities, unemployment will be a memor y,” says on e p l a c e m e nt a g e n c y representative. dswd/PAGE 11
M A R AW I C it y - - T h e Education Department in the Autonomous Region in Muslim Mindanao (DepEdARMM) hired 562 teachers in the provinces of Maguindanao and Lanao del Sur. The newly-hired teachers signed their appointment papers and deployment orders for assignments to different public elementary and secondary schools in the region on April 25. ARMM Education Secretary Dr. John Magno, chief of staff Atty. Rasol Mitmug Jr., and other DepEdARMM officials attended the mass signing. Of the 562 newly hired teachers, 238 will be deployed in Maguindanao and 324 in Lanao del Sur. “More quality teachers are now being hired because our department (DepEdARMM) has improved its hiring and screening process,” Sec. Magno said. Before signing their appointments, the teachers had to pass competency examination, panel interview and teaching demonstration.
BROADCASTING DAILY AT 1368 ON AM BAND AND ON PARASAT CABLE TV AT CHANNEL 5
“This mechanism guarantees that only quality teachers will be hired and we want teachers that will guide the students on the right road towards a progressive future,” he added. “At first I was hesitant in applying for a teaching position in DepEd-ARMM because I’ve heard there is ‘palakasan system’ (system of patronage), but still I tried and now I’m glad because out of thousands of teacher applicants, I’m signing my appointment now,” said Hasniya Abas, 25, of Saguiaran, Lanao del Sur. She said the current hiring process is more transparent, unlike before when it was tarnished by issues of bribery and connections. She was a private school teacher for two years and applied for a DepEd-ARMM teaching position last April 2015. She said it is her calling to help mold the minds of school children in ARMM. The newly hired teachers’ first task will be to lead activities under the National Schools Maintenance Week, or the ‘Brigada Eskwela,’ starting May 30. Sec. Magno said newly appointed teachers’ signing of appointments in the provinces of Basilan, Sulu and Tawi-Tawi is scheduled next week. T h e C om m i s i on on Elections (Comelec) has exempted several government agencies, including DepEd, from the ban on hiring during election season in connection with the May 2016 polls. As stated in Comelec Resolution No. 10030, the C omelec has given the authority to hire, appoint, or transfer officers or employees to the Office of the President, the courts and several other government agencies. (BPI/ PIA-10)
C AG AYA N D E O RO M A I N B R A N C H 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 CO R R A L ES B R A N C H 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 L A PA SA N B R A N C H Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
thursday|april 28, 2016
3
BusinessWeek MINDANAO
4
Opinion
2013 ppi’S Best in Business and Economic Reporting 2014 ppi’S Best in ENVIRONMENTAL Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
thu-fri|april 28-29, 2016
BusinessWeek MINDANAO
YOUR LOCAL ONLINE BUSINESS PAPER
www.businessweekmindanao.com
Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO
ALLAN mario MEDIANTE
Vice President for CorporateAffairs
Joe felicilda
Vice President for Administration
joe palabao
Vice President for Marketing
NELSON CONSTANTINO Editor-in-Chief
Cheng ordoñez
gilbert y. chao
Executive Editor
Motoring Editor
BONG FABE
CLIFFORD SANTILLAN
JUN AYENSA
mel-rose codilla
Associate Editor
Layout Artist Advertising
Regional Editor Caraga
ATTY. MARIO T. JUNI
Cris diaz mike baños Uriel quilinguing Contributing Editors
Cell No: 09352379999
Juni Law Office Cruz Taal St., CDO Legal Counsel
MARKETING staff manila office: Unit 310 Valero Plaza, Valero Street, Salcedo Village, Makati City; lani vallido-Marketing Manager ARJAY FELICILDA Marketing Staff - CDO
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. 463826-272-000 – VAT. Reg., and with Business Permit No. 201512879. Tel. Nos.: (088)8578447, 74-5380, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com
Member: Philippine Press Institute Oro Chamber
The Best Policy Think a minute…A recent survey of questions was given to thousands of people. Their names were not known or recorded so they would answer the questions honestly. Out of all these people, 91% said they regularly tell lies. Half of them call in to their jobs and say they’re sick when they’re not sick at all. In fact, over half of all stealing from stores and businesses is done by their own employees. Another question was this: “What are you willing to do for $10 million?” 25% of the people said they would leave their mate and children, and 7% said they would murder a stranger for $10 million. So in a crowd of 1000 people, there are 70 people who would kill you for $10 million. Think about it! I asked myself: How much like those average citizens am I? Have I lied to family or friends? Stolen from my workplace? Have I cheated in school or on my taxes? Broken any of my promises? If I was guaranteed I could get away with anything I wanted, what would I do? What is my conscience, self-respect, and good character worth? A famous writer said: “Honesty is like art: you have to draw the line somewhere.” But the problem is who draws
THINK
A Minute
Jhan Tiafau Hurst the line? Me by myself? My circumstances and situation? You see, since all we humans have rebelled and chosen to live our own way, lying, cheating and stealing now come rather naturally to us. We do whatever it takes to get what we want. And if we don’t, most people think we’re weak and foolish! That’s actually how confused we’ve become. It all starts with the little dishonest things we say and do regularly. We think it’s just a little white lie or small thing we stole. But soon, being dishonest becomes our way of living. Yet, no matter how much money and prestige we have, we’ve become the poorest person there is. You see, it’s impossible to escape the painful penalty hurst/PAGE 11
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
Quality Management Principles for Christians (Part 4) One of the most prodigious cello players and composers in the twentieth century— Pablo Casals—confronts a question: “Mr. Casals, you are 95 and the greatest cellist that ever lived. Why do you still practice six hours a day?” And Mr. Casals answered, “Because I think I’m making progress.” Another illustration: a leader met a young man who dives for fascinating fish for aquariums. He told the leader that one of the most attractive aquarium fish is the shark. He disclosed that if one catches a small shark and restrict it, it will stay in a size comparable to the aquarium he puts it into. Sharks can be fully matured, yet only six inches long. But if one turns them loose in the ocean, they grow to their normal length of eight feet. The illustrations above help us realize that age is not a reason why a Christian stays content with the level of knowledge or virtue that he or she has acquired. Everyone must grow. We could be staying too long in our aquariums—systems that we are accustomed to dwell. The goal, however, should be continual improvement-another quality principle for Christians that I would like to expound. In the business management field, many thought in the 90’s that the quality management perspective was only a blooming Japanese flower that encounters a rocky ground. But experts contend
that quality management principles are more than fads. If a CEO fails even with the use of these principles, the culprit is not the principles but bad management. “Kaizen” in Japanese, the continual improvement principle is stated clearly: perpetual improvement should be a permanent objective. This is more than the inspection of outcomes. This is more than a one-day passion for the upward trek. Christian organizations are the first arena where quality takes place. So, they should avoid appointing “pushed” ministers who manage the pulpit and various programs to nurture believers. Not only should they be qualified; they should also be naturally passionate. In addition, do not force martyrs to lay down their lives for the ministry—pay ministers and volunteers for what they do. Do not stand abashed at my “revolutionary” thought: Christian organizations are just like any secular organization, no matter how “spiritual” they seem. They operate under the laws of motivation. They bloom if organizations reflect on the latest researches about remuneration and incentives. And there is yet another unseen law working: if they force leaders and workers to become martyrs, they get what they deser ve-martyred quality and the rise of grandiose archaic culture (pun intended). In the organizational level, Christian churches
and foundations must employ a consistent organizationwide approach to relentless improvement of performance. For instance, why settle with Daily Vacation Bible School if every Christian organization is doing it? Why not rather strategize for something different: perhaps including a series of seminars on How to Study Effectively, How to Write Like a Champion, or How to Face an Interview Successfully? How about seminars on Entrepreneurial Habits that Win? These topics will certainly face criticisms as they are labeled “secular” by many. But understand that even these “secular” topics are trump cards for competitiveness and persuasiveness. Remember that Manny Pacquiao does not make waves by simply knowing the “spiritual” lingo. Christians do not earn respect by simply talking about abstract principles in the eyes of others. Moreover, to implement the quality management pr i n c ipl e , l e a d e r s an d workers of Christian organizations do not cast a slur on continuous training. It determines whether or not they are upgraded to meet the challenges of the times. Withhold training and many suffer from recycled messages that lack the power of imagination in the delivery. Train further rather than sermonize to the listeners about “enduring suffering like a good man or woman of God” if listeners really bear the cross from the clichés
lucell larawan they constantly hear from the pulpit. Sometimes, leaders could also be loose cannons: they fire a lot of explosives (in their sermons) but listeners do not know if they damage anything at all because the target is not clear. Do not be too big for one’s britches— shape-up continuously. God will meet you. How do organizations know that they are really improving? Basically, they should master the art of making goals to guide, and measures to track perpetual improvement. Without these, Christian groups do not have any idea whether or not they are moving forward, if at all. Another crucial practice to be adopted: make perpetual improvement of services, processes and systems a goal for every individual in the group. For example, rather than relying on traditional discipleship classes or speaker-oriented lectures, why not rather explore on combining new delivery methods such as blended learning (online larawan/PAGE 11
Warning: Duterte supporters may switch to Miriam LIFE’S INSPIRATIONS: “… My child, fear the LORD and the king. Don’t associate with rebels…” (Proverbs 24:21, the Holy Bible). -ooo DUTERTE PLAN FOR SMALL BUSINESSMEN LAUDABLE: The speech given by Davao City Mayor and frontrunning 2016 pre s i d e nt i a l c an d i d at e Rodrigo Duterte before big businessmen on Wednesday, April 27, 2016, created both admiration and tons of concern among ordinary Filipinos who will cast their votes on May 09. Insofar as admiration i s c on c e r n e d , D ut e r t e earned good reviews for his announcement that his administration is going to allocate and disburse some P18 billion yearly for micro and small and medium scale enterpreneurs, or small businessmen if you may, so they can pursue their livelihood programs and not simply depend on dole-outs. Indeed, while the Aquino government (and the governments before it) focused their attention on businesses already worth millions of dollars, it would be a welcome development
for Duterte’s government to provide significant financial assistance to our countrymen who are trying very hard to make a living through their backyard or small scale businesses. -ooo DUTERTE NOT RUNNING AFTER THE CORRUPT, AFTER ALL? On the other hand, many w e re s u r pr i s e d at h i s announcement, which can be read at http://thestandard. com.ph/…/relax-dutertetells-business.ht…, where he said: “I am willing to turn a blind eye to what these corrupt officials have accumulated but once I am elected these activities should stop”. No matter how one looks at this statement, the only meaning that can be ascribed to it is this: Duterte will no longer run after, and send to jail, government officials who either enriched themselves or who wasted billions of government money. In short, Duterte is willing to let go of the plunderers and the thieves in the Aquino government. Wo w ! S o, u n d e r a Duterte presidency, every crook goes scot free with the billions or even trillions they have stolen? So, the
Supreme Court decision to investigate and then prosecute the authors, proponents, and implementors of the discredited disbursement acceleration program of President Aquino, will no longer be obeyed and pursued? -ooo WARNING: DUTERTE SUPPORTERS MAY SWITCH TO MIRIAM: In other words, under a President Duterte, Aquino will no longer be held liable for the many corruptridden contracts entered into by the government under his six-year presidency, and for the wasted government funds spent under his direction? With due respect, I think that Duterte managed to surge ahead of his rivals in recent surveys because Filipino voters viewed him as the exact anti-thesis of Aquino and that his style of governance would be vastly different from Aquino’s “student council-lax on allies type” of leadership. Duterte captured the imagination of the nation because of the belief that he would prosecute and then jail Aquino and his allies. Now that he made it clear he will not be running
K akampi
Mo A ng Batas
Atty. Batas Mauricio after Aquino and his corrupt cohorts after all, many of the Filipinos who have been rooting and fighting for him would surely feel cheated and disillusioned. They may yet drop him as their choice for president, and instead go for Miriam Defensor Santiago, as the most viable alternative. -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 HOURS a day, in the Philippines and the world at or www.facebook.com/ ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo. com.
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
friday|april 29, 2016
5
BusinessWeek MINDANAO
6
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
thu-fri|april 28-29, 2016
CorporateWorld
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
Megaworld sees rental income from prov’l townships growing
M
E G AW O R L D Corp., one of the country’s biggest real estate developers, is seeing an improvement in its rental income coming from its township developments that are located in the provinces, banking on some of its biggest projects including the 30-hectare Mactan Newtown, which is on track to have 80,000 square meters (sqm) of office space by 2018. Jericho Go, Megaworld senior vice president, said while the company still sources bulk of its rental income in Manila, the share of the provincial townships in the group’s total recurring
income should increase by up to 30 percent in 2021. “In general, our rental i n c om e i s s t i l l d r i ve n by Manila by about 80 to 90 percent. In 2021, as we continue to have t h is t r aj e c tor y [ i n t he d e v e l opm e nt of of f i c e buildings in the provinces] we feel that the number should improve from 10 to 20 percent to 20 to 30 p ercent. And t his w i l l be largely sourced from Mactan Newtown as well as in our township projects in Iloilo and Davao,” Go told reporters in a briefing held here. For this year, the company is targeting to hit P11 billion
in recurring revenue, which would comprise leasing income from its office, c o m m e rc i a l , a n d m a l l operations, a bit higher compared to the P9 billion it recorded in 2015. Go said they are on track to hit that target as the company continues to eye more Business Process Outsourcing (BPO) companies to occupy their developments. On We dnes day, USbased BPO giant Concentrix announced that it will be expanding to Cebu and will initially occupy 2,600 square meters (sqm)bof office space in the Tower 3 of 8 Newtown Boulevard,
one of the office buildings in Mactan Newtown. Concentrix will be the fourth BPO company to open its Cebu operations within the development, following the entry of The Results Companies, Enfra USA and Manulife. “The entry of Concentrix i n C e bu, t h rou g h T he Mactan Newtown, is a clear indication of our continuing commitment to build the largest cyberpark in Mactan and to further strengthen C ebu’s p osit ion as t he country’s top BPO hub,” Go said. The mixed-use cluster of 8 Newtown Boulevard has four office towers with total
leasable space of around 25,400 sqm. Each tower has three floors of office spaces while the ground floor will be leased for commercial and retail purposes. With the opening of the new office towers in 8 Newtown Boulevard, the total office space inventory in The Mactan Newtown already reached over 38,000 square meters, generating at least 12,000 jobs. As of now, Megaworld is bui lding an inter im b e achf ront p av i lion to primarily cater to the BPO companies that need venues for teambuilding activities and events. Go said that within the
next five to seven years, the area that used to be the Portofino Beach Resort will be transformed into a world-class tourism hub that includes a beach club, sports and recreational facilities, and hotel developments. “Our BPO partners will certainly have their own access to the beach, just the same privileges that we plan to give to our condo residents,” Go mentioned. By 2021,Mactan Newtown will have up to ten office towers, offering an estimated 1 5 0 , 0 0 0 s qu are me te rs of office spaces that can accommodate around 45,000 workers in the IT-BPO sector.
Philex Petroleum’s net loss narrows to P11.8-M
Rogelio C. Cajeta, a father of 2 children and who lost his wife a couple of years back, is a resident of Barangay Bagumbang, Bonifacio, Misamis Occidental. He says that volunteering for the Department of Social Welfare and Development (DSWD) – Kapit Bisig Laban sa Kahirapan Comprehensive and Integrated Delivery of Social Services – National Community Driven Development (Kalahi CIDSS-NCDDP) helped him adjust from the state of grief since he was always given tasks to be part of the Barangay Sub-Project Management Committee Monitoring and Inspection that oversees the implementation of the project all throughout. “Sana mag-patuloy ang KALAHI CIDSS-NCDDP na programa ng DSWD, dahil dito kami ay nabigyan ng tama at kumpleto na pasilidad na Health Center, dahil mahigit 40 taon na kami nag hihintay ng bago at tamang pasilidad, Salamat DSWD Kalahi CIDSS, i-pag patuloy nyo po ang inyong nasimulan (I wish that the KALAHI CIDSS-NCDDP program of DSWD will continue, it is through it that we were given a health center – it’s been 40 years since we longed for a new and quality facility, thank you DSWD KALAHI-CIDSS, do continue what you have started)’’ enthused Rogelio. Furthermore, he says he is happy that he is a part of the BSPMC Committee since the program seeks to uplift the barangay and community from the state of poverty. Photo by Dienelle Paolo B. Mordeno, CEF, Bonifacio, Misamis Occidental
PHILEX PETROLEUM Corp. posted a consolidated firstquarter net loss of P11.8 mi l lion att r ibut able to equity holders of the parent company, an improvement over the P20.4-million loss reported a year ago. “The lower net loss was primarily attributable to a 76.4% reduction in overhead resulting from management’s continuing cost reduction efforts, net of lower petroleum revenues contributed by its subsidiary, Forum Energy Ltd. arising from the decline in oil output and lower oil prices,” the company said in a disclosure to the stock exchange on Wednesday. Forum Energy, a 67.19% directly and indirectly owned subsidiary, has participating interests in the oil fields of Galoc, Nido, Matinloc and North Matinloc, and from a gas field in Libertad. Philex Petroleum said reported consolidated net loss in the first three months
reached P15 million, up from a net loss of P44.2 million a year ago. The oil and gas company also said that members of its board of directors have approved the change in its corporate name to PXP Energy Corp. It said the name change as well as the amendment of its articles of incorporation to reflect the change will be submitted to shareholders for approval during its annual stockholders meeting on May 17. Philex Petroleum said it “will continue with its prudent control of operating expenditures and evaluation of its asset portfolio while t h e y re m ai n a c t i v e i n exploration activities, in line with the current low oil-price environment.” Aside from directly and indirectly owning oil and gas exploration and production assets in the Philippines, the company also owns philex/PAGE 11
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
Banking&Finance
BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
7
2014 ppi’S Best in ENVIRONMENTAL Reporting
thu-fri|april 28-29, 2016
BSP eyes April ‘16 inflation to stay between 0.7-1.5% H IGHER prices of oil and utility rates this April made the Bangko S entral ng Pilipinas (BSP) forecast inflation to range between 0.7-1.5 percent. In a text message to
reporters, BSP Governor A m a n d o Te t a n g c o Jr. , however, assured the public t hat monetar y of f icials continue to monitor possible price pressures given the faster increases in oil, water and power
rates this month. “Going forward, the BSP will continue to monitor possible price pressures to ensure price stability c on du c ive to b a l an c e d and sustainable economic growth,” he added.
In the first quarter of the year, rate of price increases averaged at 1.1 percent, still below the government’s two to four percent target until 2018. Inf lation has been below-target since May
2015 due mainly to the decline of oil prices to record-low levels. Last March alone, inflation posted an uptick to 1.1 percent from monthago’s 0.9 percent but the BSP is not worried, saying it is
within their expectations. Monetar y of f icials expect inflation to go up to within-target levels in the coming months due in part to the impact of the dr y spell on agriculture products. (PNA)
THE BANGKO Sentral ng Pilipinas (BSP) has named 10 rural banks which bigger entities can tap to fulfill their mandate of handing out loans to the farming sector. The central bank under Circular Letter 2016-034 identified accredited rural financial institutions (ARFIs) which bigger banks can use to comply with Republic Act (RA) 10000 or the Agri-Agra Reform Credit Act of 2009. Signed on Feb. 23, 2010, the law requires banks to set aside 25% of its total loanable funds as credit quota for the agriculture and fisheries sector. Broken down, banks must allot 10% of their loanable funds to agrarian reform beneficiaries and a separate 15% to farmers and fisherfolk. Direct compliance can be made through the actual extension of loans to qualified borrowers and the purchase of eligible loans from duly accredited financial institutions as named by the BSP. For the year, the banks that were accredited were: • Rural Bank of Kiamba, Inc.; • Producers Savings Bank; • Rural Bank of Sta. Catalina, Inc.; • Philippine Resources Savings Bank, Corp.; • Rural Bank of Pilar (Bataan), Inc.; • Common Wealth Rural Bank, Inc.; • Rang-Ay Bank, Inc.; • Agri-Business Rural Bank, Inc.; • Rural Bank of Gattaran
(Cagayan), Inc.; and • Rural Bank of Bay, Inc. The list stayed unchanged since July 2015 except for the entry of the Laguna-based Rural Bank of Bay, which was accredited last March 11. “The accreditation issued by the BSP is solely for the purpose of certifying that the loan portfolio of the above listed ARFIs complies w it h t h e qu a l i f i c at i on requirements prescribed under the relevant law, rules and regulations,” read the issuance as signed by BSP Deputy Governor Nestor A. Espenilla, Jr. The central bank clarified that the accreditation of these banks did not mean an endorsement of the BSP on the lenders’ soundness. “Alternative” methods of compliance to RA 10000 include investing in duly d e c l a re d e l i g i b l e d e b t securities, investing in the special deposit accounts of BSP-accredited rural lenders, wholesale lending to rural banks, granting rediscount loans to other banks covering farm loan credits, and the extension of loans for public infrastructure for the benefit of the farming sector. Under the law, banks must report their compliance to the law on a quarterly basis. As of end-2015, universal and commercial banks failed to meet the farming loan requirements under the AgriAgra law, sustaining a trend observed from the previous years. Total compliance for the
10% standard for agrarian reform debt stood at a mere 1.11%, or just P31.496 billion at end-December according to BSP data. Meanwhile, lending to farmers and
fisherfolk stood at 14.11% of total loans with P401.233 billion, still below the 15% floor as set under the law. Total loanable funds of universal, commercial, rural,
thrift, and cooperative banks stood at P2.844 trillion for the year, rising by nearly a third from the P2.152 trillion seen at end-2014. Officials have said that
private banks sometimes opt to pay the penalties for non-compliance under the law, rather than grant loans to the sector known with high risks of default.
New bank accredited for Agri-Agra act compliance
UnionBank earnings up as interest income rises ABOITIZ-LED Union Bank of the Philippines (UnionBank) saw its net profit rise by nearly a tenth at end-March as gains from loans offset higher operating costs and a slump in trading gains. The listed lender reported a P1.614-billion net income for the first three months of the year, 8.95% higher than the P1.481 billion booked during the comparable period in 2015. Total interest income for the quarter rose to P4.729 billion, up by 27.9% from the P3.698 billion seen in March 2015, according to the bank’s unaudited financial statements. “Higher average level of loans and receivables, and trading and investment securities led to corresponding 29.20% and 64.38% hikes in
interest income to P3.39 billion and P1.17 billion, respectively,” UnionBank said in a disclosure to the Philippine Stock Exchange yesterday. These led to a 40.02% surge in the lender’s net interest income to P3.54 billion for the first quarter against P2.53 billion previously. Such gains offset a 26.2% drop in other income to P1.326 billion from P1.799 billion as the bank incurred trading losses of P156.386 million and as its subsidiary First Union Plans, Inc. posted lower sales of preneed insurance premiums to P8.05 million, barely a fifth of last year’s P47.46-million revenue. Miscellaneous income likewise grew by half to income/PAGE 11
BusinessWeek MINDANAO
8
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
thu-fri|april 28-29, 2016
Environment
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor: Cheng Ordoñez
University honors environmental hero at commencement exercises
C
AGAYAN DE ORO CITY -- For its 77th commencement exercises, Xavier University has chosen to bestow a Doctor in Humanities, honoris causa, on Rev. Fr. E dwin Gariguez, a Roman Catholic priest who champions the causes of the indigenous peoples and the environment. As honorary doctorate, Fr Gariguez will also deliver the keynote address at the Un i v e r s it y ’s Ac a d e m i c Convocation on March 17. A winner of the Goldman Environmental Prize, the world’s largest award for grassroots environmental activists, Fr Gariguez is a prominent figure against indiscriminate large scale mining in the Philippines. He is the Executive Secretary of CBCP-NASSA, the social development, humanitarian and advocacy arm of the Catholic Church in the
Philippines. He is also one of the convenors of Alyansa Tigil Mina, a countrywide coalition of organizations and individuals acting as a watchdog over violations in laws and policies related to the mining industry. In 2009, Fr Gariguez led an 11-day hunger strike with members of Alliance Against Mining to protest the dubious issuance of an Environmental Compliance Certificate to a Norway-based mining company and to demand the government to investigate the environmental and social violations of the mining project. Consequently, the Department of Environment and Natural Res ources launched an investigation and revoked the mining firm’s permit, indefinitely putting a stop to the mine. “The honorary doctorate is being conferred upon you in recognition of your life-long apostolate for
and with the Indigenous Peoples intrinsically linked with caring for creation, our common home,” wrote Rev Fr Bobby Yap SJ, president of Xavier University, in his letter to Fr Gariguez. “Your ministry is an inspiring response to Pope Francis’ challenge “to hear both the cry of the earth and the cry of the poor.” Further, “The vocation you have patiently and perseveringly pursued in the peripheries has truly been serving the faith that does justice and ecological stewardship. You are a true activist and scholar for the Indigenous Peoples and the Environment,” Fr Bobby’s letter said. About 1,800 graduates from the Graduate School, L a w, M e d i c i n e , t h e undergraduate colleges of Arts and Sciences, Education, Business and Management, Agriculture, Engineering,
T H E Vi s ay a s D i s a s t e r Response Center (DRC) was inaugurated in Mandaue City, Cebu, to enhance emergency response capacity in the Philippines. The center houses—among other things—a custombuilt mechanized system designed to rapidly produce 50,000 family food packs in a day, which is enough to feed 250,000 people for three days.
The center is a continuation of the strategic partnership between the Department of Social Welfare and Development (DSWD) and the United Nations World Food Programme (WFP). It is funded by the governments of Australia and the United Kingdom. Inside the 5,000-square meter center is a custombuilt mechanized system designed to rapidly produce
50,000 family food packs in a day, which is enough to feed 250,000 people for three days. Combined with the mechanized production system at the National Resource Operations Center in Pasay City, this will double family food pack production capacity to feed 500,000 people for three days. The Visayas center features a pallet racking system for center/PAGE 11
Disaster response center launched in Visayas
Computer Studies, Nursing, and the Center for Integrated Technologies are expected to receive their diplomas during the three-day Commencement Exercises on March 17-19 at the University Gymnasium. Other honorees Besides Fr Gariguez, two other distinguished individuals will be given recognition. Damulog Mayor Romeo Tiongco will receive the Fr William F Masterson SJ Award for service to the community. Tiongco is instrumental in bringing peace and order to the municipality of Damulog, Bukidnon, which for decades suffered from intermittent guerilla fighting among the military, militia groups and rebels. He ran for mayor in 2007 outlining his campaign on the platform of peace and a demilitarized municipality
to solve poverty. When he won, one of the first things he did was to embark on a peace journey from the town proper to Sitio Agong, the site of the heaviest fighting. Tiongco ran again for mayor and won in 2010. He got re-elected for a third and final term in 2013. Between those years, he became a fellow of the Mindanao Bridging Leaders Program of the Asian Institute of Management, which helped him expand his program on peace and development to include justice. At the core of his agenda are the universal rights of children. Meanwhile, multiawarded writer, actor, visual artist and poet Frank G Rivera will be this year’s recipient of the Fr Francisco R Demetrio SJ Award. Rivera, also known as the “makata sa cellphone” for his notable “textula” series or SMS poems, is
being recognized by the University for his outstanding contributions to Philippine culture and arts. He founded the criticallyacclaimed Kambayoka Theater Ensemble of the Mindanao State University. He has also written several anthologies of dramatic scripts for stage, television, radio and film. He is a winner of three Palanca Memorial Awards for Literature, four National Book Awards, and a number of Aliw, Gawad, CCP and NCCA Awards, to name a few. Rivera’s trilogy of “Makata sa Cellphone: mga dalit, diona, tanaga, at iba pang tulang sari-sari’t mga bersong sala-salabid” books earned him a National Book Award citation in 2005. His poems and “textula,” which won the 2014 Timpalak sa Pagsulat ng TexTanaga and 2014 Tulaan sa Facebook-Diyona, are recited honors/PAGE 11
BusinessWeek MINDANAO
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
thu-fri|april 28-29, 2016
NGCP... from page 1
BusinessWeek Mindanao on Wednesday, NGCP has issued a two-prong energy projection in Mindanao during the election day-either a deficiency of negative 13 megawatts or with a reserve of up to 241 megawatts. E n g r. D e n n i s Ta a l , s u p e r i nt e n d e nt of t h e Cagayan Area Control Center of NGCP, said they have prepared a contingency plan to accumulate at least 241MW of needed power to ensure stability. But if the company fails, he said, Mindanao will be facing power deficit of negative 13MW. “[This] may cause power outages during election,” he said. To attain the needed power reserves, Taal said NGCP is tapping three sources, namely the interruptible load program (ILP), embedded power generators and increase the capacity output of Agus complexes by more than 230 percent. “Agus 1,2, 4, 5, 6 & 7 are projected to release 350MW from its current production of 150MW by May 9,” he said. If the plan fails, Taal explained that Mindanao might experience a deficiency of negative 13MW, barring other factors such as bombings of towers and bogging down of embedded generators. The C ommission on Elections (Comelec) has issued a resolution dated
March 1, 2016 enjoining c onc e r ne d gove r n me nt agencies to help secure transmission lines, substations and other related power facilities throughout the country.
Hike...
from page 1 P148, respectively. Loreto V. Cabaya, Jr., TUCP board member for Northern Mindanao, told BusinessWeek Mindanao that the increase is warranted by inflation as well as the economic impact of the long dry spell brought about by El Niño, particularly in these regions that are largely dependent on the agriculture sector. “The government needs to issue a new wage order... There have been so many things that have impacted on the economy, but the wages of our small laborers have not moved,” Mr. Cabaya said. The petitions filed before the Regional Tripartite Wages and Productivity Boards (RT WPB) st ate d: “ The increases in the minimum wage, ‘small’ as they were, have been overtaken by increases in power and water rates, in health and education costs, the prices of oil and its products, LPG (liquefied petroleum gas), and basic goods and services.” “Wor ke r s an d t h e i r families have not been granted a single peso in real wage increase since 1989,” it added.
In Davao, the last wage adjustment approved by the RTWPB-11 took effect on Dec. 1, 2014, which covered the inclusion of a P5 cost of living allowance (COLA) for workers in all sectors. The current minimum wage rates in Region 11 are: P317 for non-agriculture industries and retail/service establishments with more than 10 workers; P285 for retail/service with up to 10 workers; and P307 for agriculture workers. Davao Region covers Davao City and the provinces of Davao del Sur, Davao del Norte, Davao Oriental and Compostela Valley. The RTWPB-12, on the other hand, ordered the addition of the P5 COLA in Soccsksargen effective Jan. 1, 2015. Existing daily rates are: P275 for non-agriculture; P257 for agriculture; and P255 for all retail/service businesses. Soccsksargen is composed of the cities of Cotabato and General Santos, and the provinces of North Cotabato, Sarangani, South Cotabato, and Sultan Kudarat. Mr. Cabaya said the COLA in these regions are too low. Vicente T. Lao, chair of the Mindanao Business Council, said such increases would not benefit the overall economy. Mr. Lao, in a text message, said, “Wage increase is not a long-term solution. The solution is to create more jobs.”
Pols... from page 1
compound is the only public psychiatric facility. While in Cagayan de Oro City, the Catholic-owned 100-bed House of Hope Foundation Inc. (HoHFI) custodial facility provides services to clients from Cagayan de Oro City, Misamis Oriental and other provinces in Northern and Western Mindanao. A residential treatment and rehabilitation center managed by the Department of Health and three other private residential centers treat the drug-addicted. Ironically, the Northern Mindanao Medical Center (NMMC) does not have a psychiatric ward nor a psychiatrist on its medical staff. Centrist Democratic Party: Mental health as part of full/ total health For Rufus Rodriguez, CDP president and mayoralty candidate, the health of a community is incomplete without considering the mental health of its residents. He told MDN that health-care has been always his priority. During his three terms in Congress as representative for the second district of Cagayan de Oro, he has filed more than 30 health-related bills in Congress. During the 15 th and 16 th Congresses, he and his brother Maximo, party-list representative for Abante Mindanao, co-sponsored a bill (HBs #3390 and #4051,
respectively) that provided for a national mental healthcare delivery system. In both instances, the bill suffered a stillbirth, and did not muster a second reading. Until now, the country still does not have a stand-alone law on mental health, an anomaly that it shares with half of the member-countries of the United Nations. Providing health services, including a mental health facility, is foremost in the HEED, the acronym of CDP’s umbrella agenda for action. “The HEED agenda were developed by listening to our constituents through consultations and heeding t h e i r d e m an d s . H E E D stands for the priority programs: Health, Education, Employment and Dwelling,” Rodriguez told MDN. He also bats for annexing the HoHFI to the NMMC. “That is, if the Archdiocese who owns the facility is bent on a public-private partnership. It (HoHFI) can be annexed to the NMMC and would draw its funds from the national budget,” Rodriguez suggested. Rodriguez explained that “if the city’s future mental health facility is nationalized, local funds can thus be focused on (building and maintaining) two more district primary health-care hospitals in Lumbia and Tablon so that the JR Borja City Hospital can be de-clogged and medical services are more accessible to residents of remote barangays.”
9
2014 ppi’S Best in ENVIRONMENTAL Reporting
During a radio debate among candidates early this month, Maximo, who is running for a Congressional seat, stressed that “there is a need to reform the policy on health and make it more inclusive, to include mental health.” He further said, expounding on his brother’s idea, that the JR Borja City Hospital can be “nationalized and a wing can be added to the present hospital building and (this wing) could house the city’s mental health unit.” He further said funding can be accessed from the DOH. “So the House of Hope can be annexed to NMMC and can serve the region while the future JR Borja mental health unit can cater to the needs of the people of the city,” summed up Rufus. The Rodriguez brothers further committed to enforcing rights-based approaches in local mental health- related policies, protecting the basic human rights of persons living with mental disorders, particularly their rights to housing and organizing, and the inclusion and participation of these individuals and family members in policy-making. (Editor’s note: The second part will present the strategies of the Liberal Party and the Padayon Pilipino Party. This reportage is made possible by a modest grant from the Philippine Press Institute (PPI) to BusinesWeek Mindanao contributing reporter Lina Sagaral Reyes)
For Kagawad 1st District, Cagayan de Oro City
Paid for by The Fraternal Order of Eagles - Philippine Eagles NMR1
10
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
thu-fri|april 28-29, 2016
Sikat Ka Higala By SHERYL MACALE
So I had the chance to meet with very exemplifying people who recently won the Paralympics a yearly competition of person with disabilities in Marikina City,Manila Philippines. Melagros Maquiling Head of PDAO or Persons with Disability Affairs in Cagayan guested on my program at RPN TV 5 along with the winners. They have snatched 5 Golds from Track and field through of Niel Christian Tingcay(deaf ) from the 100 meter dash 200,400 and 1500 meter dash.Gold Medal Daisyder Baynosa (ortho on wheelchair) Swimming Gold and Silver Medals Ronald Jaraula(ortho Amputee) Silver - Aldrick Canedo (ortho on wheelchair) and Silver on Badminton, Norberto Bigcas(ortho) Bronze “ ShotPut .Simplicio Boy”Santiago Silver on double and bronze on single and Bronze on mixed onTable tennis.4th runner up Basketball.To the fact it is a Nationwide competition and this was no joke.Only 13 people on a basketball
team participating on different competitions and all bag these awards. The talents were raw, uncoached just went there and won and became champions.I was amazed and felt very proud that people like them with exemplifying talenst had brought so much honor to the City.They wave their medals so proundly as I commended them on TV and have brought so
much pride to the people of Cagayan.They were acknowledge at the Flag Ceremony at City when they were brought to be presented to the Mayor. Honor such as these should well deserve an honorary Gift from the city.They have much honor than 2 hand 2 legged individuals on the field of sports.The pride and honor they have brought sikat/PAGE 11
Project... from page 12
Barangay 17, Cagayan de Oro City. Kap. Bingo Ebabacol is very proactive when it comes to projects. I want our projects to be sustainable. We can only achieve that with good governance. Our only problem was, we source our soaps from hotels at Singapore and Dubai which are all Diversey’s clients. The shipping takes time and costs us a lot. So, I decided to talk to Seda Centrio hotel manager, Mr. Noel Barrameda, and explained to him the details that would be good as well for their Corporate Social Responsibility. I’m just very lucky that he’s a very nice person. I am so grateful and happy that he said yes. They will deliver their soaps every end of the month to the barangay. It’s only 10 minutes away from the hotel. Last April 27, 2016 (Wednesday) we had our turnover ceremony. Then last minute, I also decided to bring some new slippers for the 80 happy kids of Barangay 17. To those of you who know me well, I love wearing slippers or flip-flops. That’s why I love giving new slippers because I know how it feels having new slippers to walk with. I also love seeing kids happy and excited. "It's not how much we give but how much love we put into giving." - Mother Teresa Here are some photos that I want to share with you all. For more photos from this project, visit my website at www. EmpressMichelleFrancisco.com.
BusinessWeek MINDANAO
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
thu-fri|april 28-29, 2016
Supply... from page 1
“We are very pleased with the level of cooperation of the local government of Opol. By working together, we would be able to improve the welfare of the local community and the province,” said A Brown Chairman Walter W. Brown. He described the project as the “first truly” public-private venture “of huge importance – the development of water resources.” Mr. Brown said he was hopeful that the project would be an example for other local communities. “Potable water is an essential and central ingredient in the life of any community, especially in light of the ongoing El Niño,” he said. “Let this groundbreaking be a reaffirmation of our commitment to seeing this project to completion.” Opol town mayor Max Seno said he was thankful for the selection of his town as the company’s partner. “The development of a bulk water project will trigger inclusive growth for the municipality,” he said. The water system is expected to benefit about 25,000 Opol residents and nearby areas like El Salvador City and Laguindingan, Misamis Oriental. A Brown incorporated the subsidiary on March 31, 2015 to engage in the business of holding and providing rights to water to public utilities and cooperatives or in water distribution in Opol. The project, which will tap the water resources of Lumayagan River, aims to supply about 15 to 20 millions of liters of potable water to cater the requirements of the municipality. A Brown previously said that the new projects and expansions for power and infrastructure will be financed through a combination of self-generated equity, joint ventures and partnerships and project financing.
methods, and theatrical presentations—finding out which combinations will work best? Feed the flock, not your egos. I have nothing about familiar expansion strategies employed by some churches. But the leaders of these churches should realize that some of these have been perturbed with moral issues. Why take somebody else’s protégées to proselyte? Why burden and distract the members with responsibilities they are not called to do? (Try to persuade Manny Pacquiao to reduce his training time for an hour each week so he can make twelve “disciples” for you.) Do not retort: “If you do not obey, you will go to hell.” How I wish e ver y Christian is like a Pablo Casals and develop spiritual muscles. And how I aspire to persuade every Christian leader to “free” everyone from aquariums that limit his capacities and stop condemning those who try to explore the oceans of endless possibilities.
Hurst... from page 4
and consequences of all our dishonesty in life—except for one way: Ask Jesus Christ to forgive you for your dishonest heart and way of living. Then ask Him to help you start changing everyday to become a truly wealthy person of integrity. Then He will give you the greatest success in life you can ever have. Just Think a Minute…
Philex... from page 6
The Sustainable Livelihood Program (SLP) is a multi-stakeholder program of the department that aims to improve the standard of living of poor households by facilitating opportunities for development and management of resources viable for micro-enterprises, community empowerment through skills trainings and employment facilitation. It gives significant priority to the Pantawid Pamilya b enef ici ar ies in a l l its interventions since they are considered to be the poorest of the poor as signified by the National Household Targeting System for Poverty Reduction (NHTS-PR).(Jamila M. Taha/ RTP/PIA10)
indirectly an exploration asset in offshore Peru. In November, one of its units surrendered to the Peruvian government an oil and gas exploration after it decided not to enter the next phase of the project. Philex Petroleum said its 53%-owned Pitkin Petroleum Plc had elected not to enter exploration sub-phase two in block 28 in onshore Peru. The area covers 3,143 square kilometers awarded to Pitkin Petroleum in October 2010. As of December 2014, the project was on its second phase of exploration that involved geological and geophysical studies. Last year, Philex Petroleum managed to trim its losses to P144 million from P448.7 million in 2014. Shares in Philex Petroleum were last traded at P2.15 on Wednesday, down 1.38% from the previous day’s close of P2.18 per share. First Pacific Co. Ltd., which owns more than a quarter of Philippine Long Distance Telephone Co. (PLDT), is the single biggest shareholder of Philex Petroleum’s parent, Philex Mining Corp.
from page 4
from page 7
DSWD... from page 2
Larawan...
and face-to-face combined), f ilm showing, mo dular approach (self-learning kit), seminar-workshop
Income...
P500.9 million largely due to foreign exchange gains, the bank’s financial statement showed.
Meanwhile, operating expenses climbed by just a tenth for the period to P2.58 billion from P2.34 billion as the bank hired more workers to support branch expansion, and as the firm paid higher taxes due to a higher taxable income. “The increase in expenses coupled with trading losses resulted for cost-to-income to slip at 52.97% from 54.02% in the same period last year,” the bank explained. UnionBank said it allotted P210 million for credit losses this year, more than triple the P60 million set aside in 2015 as it seeks to keep up with the expansion in total loans. Still, coverage for soured debts stood at 103.1%, steadying from the 102.88% seen at end-2015. The bank also stands with ample buffers, having posted a 16.15% capital adequacy ratio as of December. UnionBank, which is the 10th biggest lender in terms of assets, posted a consolidated net income of P6.016 billion in 2015, down from 2014’s P8.407 billion.
Honors... from page 8
during political rallies, shared on social media, forwarded as text messages, and declaimed at school programs. The awarding ceremonies for Tiongco and Rivera will also be held during the Academic C onvo cat ion of the graduating Class of 2016. (Vanessa Gorra/Xavier University)
Center... from page 8
improved storage of food packs and warehousing of fo o d an d n on - fo o d E X T R A J U DI C IA L PA R T I T I O N AND SETTLEMENT OF ESTATE WITH SALE Notice is hereby given that the intestate estate of the Late JOSE CAMPION CABACTULAN & JOVITA RAGADAN CABACTULAN left a parcel of land situated in #252 Cabadbaran Subd., Puntod, Cagayan de Oro City and which property described as follows; Tr a n s f e r C e r t i f i c a t e o f Title No. T-15676 with Ta x D e c l a r a t i o n N o . G-076830, a residential building with Tax Declaration G-076831, containing an area of TWO HUNDRED NINE (209) square meters more or less is the subject of EXTRAJUDICIAL PA RT I T I O N AND SETTLEMENT OF E S TAT E W I T H S A L E . That the following parties herein agreed among themselves to divide and settle the above-mentioned properties share: FE CABACTULAN JUDIT, FLOR CABACTULAN SAPIERA, N I LD A C A B A C T U L A N CANA, JOSE RAGANDAN CABACTULAN JR., CARIE CABACTULAN APAO & JOJI CABACTULAN CATULIN Under Notary Public of ATTY. VIRGILIO CABANLET per Doc, No.444; Page No. 89; Book No. 468; Series of 2016. BWM: Apr. 22, 29 & May 6, 2016
commodities, guaranteeing quality stockpiles of family food packs and other humanitarian assistance ready for distribution. Spaces for training sessions and offices are also available. The DRC was conceived as a result of the lessons learned from the response to Typhoon Yolanda. The said typhoon badly hit the Visayas region and challenged the government in responding to large-scale humanitarian relief requirements. “Typhoon Haiyan showed that disasters can strike anywhere in the Philippines,” said Praveen Agrawal, WFP Philippines’ Representative and Country Director. “The inauguration of the Visayas disaster response center is a significant step towards decentralizing the Philippine government’s emergency response. With help from our donors, WFP will continue to support the Philippines by establishing respective DRCs in Luzon and Mindanao.” More centers and more uses WFP will also build a similar center in Clark, to cater to the Luzon regions and another one in General Santos City, for Mindanao. “These DRCs bring the humanitarian response of government closest to the people needing support. As in the case of El Niño, these DRCs can make food packages more accessible to disaster-affected areas in all parts of the country,” DSWD Secretary Corazon JulianoSoliman said.
These centers are all accessible by land, sea and air to ensure the immediate response of the government wherever a disaster strikes in the countr y. WFP is also providing technical training to key government representatives on disaster response logistics and supply chain management. The Philippines is considered as one of the most disaster-prone countries in the world exacerbated by climate change, with various natural disasters affecting the country such as typhoons, droughts, earthquakes, and volcanic activities. (DSWD)
Sikat... from page 10
can bring inspiration to a lot of PWDs.They can also help and coach and do workshops and training to help encourage our persons with disabilities not only in the city but the whole province of Misamis Oriental and Mindanao.I commend them for a Job Well Done.Such honor as these should be promoted all over so people will know the deed our brothers have done.May this column bring inspiration to those who will read it.There is hope on what circumstance you go through each day.No matter how difficult you situation is right now have faith.You can turn things around and see a bright future if your willing to work hard on it.It is pivotal to really accept what you have and make the best out of it.Miss Maquiling would like to extend her warm felt thanks
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 44 Initao, Misamis Oriental IN RE: PETITION FOR SPEC. PROC. NO. 2016-1350 CANCELLATION FROM THE REGISTRY OF LIVE BIRTH OF NAAWAN, MISAMIS ORIENTAL THE BIRTH CERTIFICATE OF RIGGY ALLONA SABILLA SPOUSES ROSELLER G. SABILLA MARITES ALLONA SABILLA AND RIGGY ALLONA SABILLA Petitioners -versusLOCAL CIVIL REGISTRAR OF THE MUNICIPALITY OF NAAWAN, MISAMIS ORIENTAL, Respondent.
x-----------------------------------------/ ORDER Finding the petition for Cancellation from the Registry of Live Birth of Riggy Allona Sabilla sufficient in form and substance, the same is set for hearing on August 03, 2016 at 8:30 o’clock in the morning, at this court sitting at the Hall of Justice, Poblacion, Initao, Misamis Oriental. The Civil Registrar concerned and any person having or claiming any interest under the certificate of live birth whose cancellation/correction is sought may, within fifteen (15) days form notice of the petition, file his or her opposition thereto. At the expense of the petitioner, let a copy of this Order be published once a week for three consecutive weeks in a newspaper of general circulation in the Province of Misamis Oriental. Further, let a copy of this Order and the petition be posted at the bulletin boards of the entrance door of this court, Hall of Justice, Initao, Misamis Oriental and Municipal Hall,Naawan, Misamis Oriental. Finally, let a copy of the petition and this Order be furnished to the Office of the Solicitor General and the Office of the Civil Registrar concerned. SO ORDERED. Initao, Misamis Oriental, March 7, 2016
(Sgd.) MARISSA P. ESTABAYA Presiding Judge
BWM: Apr. 22, 29 & May 6, 2016
11
2014 ppi’S Best in ENVIRONMENTAL Reporting
on behalf of the delegates and the PWD sector as a whole to all the financial assistance afforded to the delegates. To Mayor Oscar S. Moreno of thee City Government DirectorAnthony Pascua of MARINA,2Go Office and City Social welfare and Development through its Department head Teddy Sabuga-a.To all the PWDs who have garnered these wards Sikat kayo mga Higala.
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
VISIT OUR WEB PORTAL
E X T R A J U DI C IA L PA R T I T I O N WI T H C O NF O R M I T Y TO SUBDIVISION AND WITH WAI V E R O F R I G H T S OF REGISTERED REAL PROPERTY Notice is hereby given that the intestate estate of the SPOUSES EPEFANIO M AA G AD a n d M A R IA B. MAAGAD both died respectively sometime of December 1995 intestate in Cagayan de Oro City and sometime in April 2007 intestate in Opol, Misamis Oriental, left 2 parcels of land situated in Barangay Cogon, Misamis Oriental and which property described as follows; A.) Lot 37499, Cad 237, Cagayan Cadastre, Identical to Lot 35, Csd10-004028, Covered by OCT No. P-22376, with Ta x D e c l a r a t i o n N o . 0819000401609 situated in Barangay Cogon, Gitagum, Cagayan de Oro City. Containing an area of TWNETY THOUSAND NINE HUNDRED ONE (20,901) square meters more or less; B.) Lot 37505, Cad 237, Cagayan Cadastre, identical to Lot 41, Csd10-004028, covered by OCT No. P-22375, w i t h Ta x D e c l a r a t i o n N o . 0 8 1 9 0 0 0 4 0 1 6 11 , situated in Brgy. Cogon, Gitagum, Misamis Oriental. Containing an area of S I X T EEN T H O U S AND O NE H U ND R ED O NE (16,101) Square meters more or less is the subject o f E X T R A J U DI C IA L PA R T I T I O N WI T H C O NF O R M I T Y TO SUBDIVISION AND WITH WAI V E R O F R I G H T S OF REGISTERED REAL PROPERTY Under Notary Public of Atty. Emelito J. Marquiño per Doc, No. 250; Page No. 51; Book No. XII; Series of 2016 BWM: Apr. 15, 22 & 29, 2016
BusinessWeek MINDANAO Lifestyle
WE ACCEPT
TARPS
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
STICKERS BusinessWeek MINDANAO Corporation
0915-563-6246
Seda Hotel Centrio Joins “Soap For Hope” Livelihood Project thu-fri | april 28-29, 2016
S
You can follow me at the following social media: https://www.facebook. com/EmpressMCF https://instagram.com/ empressmichellefrancisco https://twitter.com/ empressmcf
oap for Hope™ Livelihood Project is a trademark jointly undertaken by www. ElmerFrancisco.org and Sealed Air / Diversey Corporation represented by Mr. Stefan Phang. We had been doing this project in multiple locations with different beneficiaries for many years already. Used soaps from Diversey’s hotel clients such as Seda Centrio here in Cagayan de Oro City, are being recycled by following a simple process using a proprietary soap press machine that we donate to our beneficiaries. I actually shared the process in one of my previous articles. To those of you who are interested to know more about this project, you can visit my website for the
details. To simplify it, we weigh the soaps, clean them, slice them into cubes, soak them into the sanitizing solution for a few seconds, strain, put them in an empty clean basin and add some ingredients like calamansi, lemon zest, lemongrass and so on, put the mixture into the soap press machine, dry for 30 minutes and there you go… a bar of soap. You can make soaps in less than an hour. We call it from trash to cash. Instead of throwing them that only adds load to the environment, we recycle them and turn it into livelihood. This livelihood project is participated mostly by housewives. One of the barangays that participated with this project is PROJECT/PAGE 10
12
From Left to Right: SEDA Centrio Executive House Keeper - Nathaniel Lopez, SEDA Centrio Human Resource Manager - Ed Bruan, SEDA Centrio Hotel Manager - Noel Barrameda, Barangay 17 Chairman - Hon. Jerico Ebabacol, Michelle Francisco and SEDA Centrio Communications Officer - Angela Pupos.