BusinessWeek Mindanao (April 30, 2018)

BusinessWeek M I N DA N A O CREDIBLE

Volume VIII, No. 140

Market Indicators As of 6:00 pm April 27, 2018 (friday)

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Armm’s vibrant economy THE AUTONOMOUS Region in Muslim Mindanao (ARMM) posted a record 7.3% gross regional domestic product (GRDP) growth rate in 2017, up from 0.40% a year earlier, boosted mainly by the recovery of the Agriculture, Hunting, Forestry, and Fishing (AHFF) sector.

The 2017 GRDP performance was the highest growth rate in the region’s history since its establishment in 1990. It surpassed the 2017 national economic average of 6.7 %.

In 2015, ARMM posted a minus 0.40% GRDP growth rate.

Regional Governor Mujiv Hataman said the region’s growth in 2017 will “set the benchmark for the Bangsamoro transition,” with Congress expected to pass the Bangsamoro Basic Law (BBL) when it resumes session in May.

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ARMM economy hinges on vibrant agri-sector www.businessweekmindanao.com

By NOEL PUNZALAN, PNA

C

OTABATO City -- The Autonomous Reg i on in Muslim Mindanao (ARMM) is relying on its strong agriculture sector for the region’s continuous growth, regional statistical records showed.

The Philippine Statistics Authority – ARMM (PSA-ARMM) said that out of 17 regions in the country, ARMM is the only region with a strong agricultural base, as the rest of the country thrives on predominantly services- and industrial-based regional economies. “ The ARMM is a persistent and predominantly agricultural region,” PSAvibrant/PAGE 11

Bangsamoro Law SENATE Majority Leader Vicente C. Sotto III on Thursday identified 24 bills which the Senate aims to pass on third and final reading once it resumes session on May 15, with the proposed Bangsamoro Basic Law (BBL) and the amendments to the Human Security Act leading the priority bills.

“We’ll try our best to pass most of these. I’m sure we will not be able to pass all but we will give it a try,” he said.

Senate Bill No. 1717 or the proposed Basic Law for the Bangsamoro remains pending on second reading while the President has requested the passage of the measure before adjournment in June. The House of Representatives has adopted its version at joint-committee level.

IN-DEPTH

Cagayan de Oro

SEARING HUMIDITY. The sun sets in the horizon as seen from the shores of Camiguin island. Summer temperatures in Northern Mindanao nowadays go as high as 39 degrees Celsius. The public is advised to precautionary measures when going outdoors as high humidity can trigger or pose danger to people with coronary and cerebrovascular ailments as well as hypertension. photo by gerry lee gorit

Oro bags second award for good education governance

By JIGGER JERUSALEM, PNA

CAGAYAN de Oro City government’s aggressive educational support program has resulted to Cagayan de Oro’s winning its second Seal of Good Education Governance (SGEG). education/PAGE 11

Monday|April 30, 2018

CDO has a shortage of taxis

By GERRY LEE GORIT, Reporter

CAGAYAN de Oro metropolis is in need of 300 more taxicabs, Land Transportation Franchising and Regulatory Board (LTFRB) 10 director Aminoden Guro said over the weekend.

Guro said with the city’s current population of 1.1 million, the ideal number of tax cabs plying the streets should be around 3,000.

Yet the LTFRB regional records show that Cagayan de Oro has only 2,660 taxis, or a shortage of around 340.

Guro also said that according to existing LTFRB regulations, they would not grant franchises anymore to individual operators with only one taxi unit.

With this, Guro is urging taxi operators in Cagayan de Oro to group themselves as a cooperative

Cagayan de Oro City has shortage of taxicabs.

(Photo courtesy of aboutcagayandeoro.com)

in order to pool their resources.

“The new regulation now requires an operator to have at least 10 units for them to get a franchise,” he said.

Cagayan de Oro Taxi Operators Association vice president Gloria Corrales said that while they are still planning to purchase new cabs to offset the shortage, they

will be tapping the new Hirna ride-hailing app (stylized as hirna by the company).

Corrales said the existing 700 taxi units from the newly formed Cagayan de Oro Taxi Operators Association will use hirna starting the second week of next month.

It will simultaneously go live shortage/PAGE 11

Pryce Gases offers clean LPG-fueled generator sets

CAGAYAN de Oro-based Pryce Gases, Inc. officially launched its newest product -- the clean, safe and cheap liquefied petroleum gas-power generator sets.

PGI, which is a leading supplier of LPG used for cooking in the Visayas and Mindanao has expanded its product line in partnership with the Italian company Greengear.

Up in the market are two variants of the LPG fueled gensets, the 5.0 kW and 7.0 kW models. These are bundled with Prycegas 11-kilogram composite cylinder.

These products are competitively priced at P64,000 and P84,000 per set respectively.

At a time when prices of petroleum product are expected to skyrocket, PGI is bringing generator/PAGE 11

BRACING FOR THE LABOR DAY. Officials from various government and private agencies signed a memorandum of agreement for the conduct of 116th Labor Day celebration, set on May 1 and 2, 2018, led by Department of Labor and Employment 10 OIC Asst. Regional Director Estrella Pahalla, Monday, April 23, 2018, at Limketkai Luxe Hotel. photo by gerry lee gorit

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Economy

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Ms. PH Earth 2018 bets support Boracay closure

A

By JIGGER J. JERUSALEM, PNA

NUMBER of Ms. Philippines Earth 2018 candidates favor closing down Boracay island to visitors so the popular tourist destination could be rehabilitated.

Zahra Bianca Saldua, Ms. Philippines Earth 2018 candidate representing Las Piñas City, maintained that the environment must come first before tourism.

“Without environmental responsibility, tourism will be impossible,” Saldua said during a press conference with her co-candidates at a mall here Thursday evening. The 14 pageant candidates are here for a three-day visit to Misamis

Oriental and Cagayan de Oro on April 25-27.

Ronelie Pador of Kalibo, Aklan said she supports the move of President Rodrigo Duterte as government leaders “must not just look at the business side of Boracay but also its environmental aspect.”

Annalea Rabe of Santa Cruz, Marinduque said that it would be better to promote eco-tourism in areas with tourism potentials.

Malinao, Albay representative Marjorie Vista’s concern is on the unabated use and spread of plastic materials that end up in the ocean.

“If we don’t do

something about plastic (wastes)], soon there will be more plastics than there are fish in the ocean,” Vista noted.

Weam Ahmed, who represents Davao City, said one way to save the environment is to teach the children.

“Kids can adapt to habits easily. We should teach them at a very

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Philippines Fire 2017 Nellza Bautista, also a Misamisnon from the municipality of Villanueva.

For his part, Governor Yevgeny Vincente Emano said the candidates’ visit to Misamis Oriental was a boost to the province tourism promotion.

Emano said Misamis Oriental has so much

more to offer to local and foreign guests, as it boasts of tourism destinations, such as beaches, waterfalls, spring resorts, and other interesting sites.

Citing serious environmental and health concerns, President Rodrigo R. Duterte ordered the closure of Boracay to tourists starting April 26.

4Ps grantee overcomes anti-social behavior, graduates Cum Laude

By RECTHIE T. PACULBA, Contributor

SUCCESS belongs to those who try to take every opportunity that comes their way, even if they fail, than by regretting for not trying. Pantawid Pamilyang Pilipino Program (4Ps) beneficiary

RPN Radyo Ronda Stations Nationwide

CNN Philippines Stations Nationwide

young age how to be environment-friendly,” Ahmed said.

Representing Misamis Oriental was Berjayneth Chee, from the town of Balingasag, who won the province’s Ms. Kuyamis 2017.

Accompanying the candidates were Ms. Philippine Earth 2017 Karen Ibasco and Ms.

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

Sheremie Canunayon, 20, believes in this.

Finishing a degree in Bachelor of Science in Secondary Education major in Mathematics, Sheremie received the highest honors as Cum Laude during the recent commencement exercises of the University of Science and Technology of Southern Philippines Main Campus here Second to the last or sixth of the seven Canunayon siblings of Purok Sunflower B, Bal-ason, Gingoog City, Misamis Oriental, some 136.50 kilometers east of the city, Sheremie did not expect to earn such honor during her graduation.

“I didn’t expect to receive such award. What I did was I never wasted the opportunity given to me

by DSWD (Department of Social Welfare and Development) and CHED (Commission on Higher Education) through the Expanded Student Grant-in-Aid Program for Poverty Alleviation

(ESGPPA). I worked and studied hard to make my family happy,” she said.

When she was in her early elementary years, Sheremie claimed that she was anti-social. She didn’t want to make friends with most of her classmates. She was aloof. However, she was quick to add that she had few friends, who were also academic achievers like her.

It was during their frequent group studies that made her realize that she needed people around her to support her in reaching her goals. Sheremie disclosed that her teacher in high school inspired her to participate in school and community activities to further hone her skills and abilities. This made her more active in school and in her community.

The close supervision of her parents and teachers in high school, she claimed, slowly changed her ways before, from being aloof to being participative in school and friendly with people around her.

ESGPPA a good

investment in education Sheremie considers her degree as a ticket to live out of poverty. A scholar of ESGPPA since her first year at USTP, Sheremie said the program is “something that every 4Ps beneficiary must be proud of.”

She said both ESGPPA and Pantawid Pamilya are good investments of the national government to the poor families, adding that, “education is my ticket to live out of poverty.”

Workers of 4Ps of the DSWD Field Office 10 reminding the program beneficiaries that they are free to decide, choose, and express their beliefs and rights relative to the upcoming barangay elections through their monthly Family Development Session (FDS), such as this in El Salvador City, Misamis Oriental. During the FDS, DSWD workers promote the beneficiaries’ right to participate in the electoral process, but emphasized to them that the program shall not cum laude/PAGE 11

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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Monday|April 30, 2018

Cebu Pacific targets 22M passengers in 2018 C EBU Pacific Air targets to ferry 22 million passengers this year, a 12% increase from the actual number of passengers flown last year.

The Gokongweiled budget carrier is banking on the continued growth in domestic and international inbound tourists to achieve its goal.

“To reach our goal of flying 22 million

passengers this year, we remain committed to offering a compelling route network where we can meet rising demand and sustain our year-round low fare proposition,” Cebu Pacific’s Vice-President for Corporate Affairs Paterno S. Mantaring, Jr. said in a statement.

In 2017, Cebu Pacific was able to fly 19.7 million passengers, only

3% higher than in the previous year, due to a flat domestic travel growth. However, the airline saw an 8% increase in international travels, mostly from its Sydney, Dubai, Hong Kong, Narita, Taipei and Incheon flights.

Amid challenges such as rising prices of petroleum products and the weakening of the peso, Mr. Mantaring said the company remains

“relatively resilient.”

“We are also committed to transforming the customer experience and enhancing safety through continuous investments in technology and facilities as well as process improvements,” he said.

Cebu Pacific currently has 62 aircraft on its fleet and expects to receive three brand-new Airbus A321CEOs in the next few weeks.

Puregold drops convenience store PUREGOLD Price Club, Inc. has sold its stake in the Lawson chain of convenience stores after accepting its Japanese partner’s offer to buy out its 70% stake in the venture.

In a disclosure to the stock exchange on Friday, Puregold said it has signed a share purchase

agreement with Lawson, Inc. to sell its 4.9 million shares in PG Lawson, Inc. The Lucio L. Co-led company entered into a 70-30 joint venture agreement with Lawson, Inc. and Lawson Asia Pacific Pte. Ltd. to form PG Lawson back in 2015, marking its foray into the convenience store

business.

The Lawson brand is among the top convenience store chains in Japan, where it currently has 14,083 stores, according to the company’s website. The brand is also present in China, Thailand, Indonesia, and some parts of the United States.

PG Lawson is under the umbrella of Puregold’s wholly owned subsidiary, Entenso Equities, Inc. The company had 34 stores in the country as of March.

“The divestment decision will enable Puregold to rebalance its risks portfolio in the grocery retail sector and puregold/PAGE 11

Nickel Asia keeps sales guidance despite gov’t curbs THE Philippines’ top nickel ore producer, Nickel Asia Corp., said its export plans in 2018 remain unchanged despite government plans to limit mining areas.

Nickel Asia still intends to ship about 20 million

3

CorporateWorld

tons of nickel ore this year, up 13% from 2017, Emmanuel Samson, the senior vice-president for finance at the company, said in a phone interview on Tuesday.

Samson’s comments followed a Reuters

report on Monday that the Philippine government intends to limit the amount of land that miners can develop at any one time to spur environmental rehabilitation, according to a draft government

order.

The new curbs come after a crackdown on mining last year that has left more than half the country’s mines facing suspension or closure due to environmental breaches. guidance/PAGE 11

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Photo shows (front row, L-R) Francis Go, President of DAFC; Candice Iyog, VP for Marketing and Distribution, Cebu Pacific Air; Michael Shaw, General Manager of DAFC; (back row, L-R) DAFC players Phil Younghusband, James Younghusband, Jason De Jong, Tyler Mata, Angel Guirado, Simone Rota, Dennis Villanueva, and Matthew Hartmann. The DAFC is currently on its second season as it prepares to represent Mindanao in the Philippines Football league.

Cebu Pacific supports Davao Aguilas Football Club Leading Philippine carrier Cebu Pacific (PSE: CEB) supports Mindanao’s homegrown football club, the Davao Aguilas (DAFC), with an aim to aid in growing the sport in Davao, as well as in the whole country.

CEB’s contribution to the Davao Aguilas is a show of its commitment in the various aspects of nation-building, and the continuous support of its main hub in Mindanao, Davao.

“Cebu Pacific has always shown our support to initiatives that bring people together. Sports is one such avenue to highlight the value we put on building connections and teamwork,” said Candice Iyog, VP for Marketing and Distribution of Cebu Pacific Air. “It’s timely that we get this chance to support a football club from Davao. It’s a welcome opportunity to bring in another organization into our wide network of partners.”

“As we represent Davao and the Philippines, we are proud and grateful to receive the support of truly global Filipino brands like Cebu Pacific,” said Michael Shaw, General Manager of the Davao Aguilas Football Club. “We align with the airline’s values of raising competencies and the constant drive to develop excellence in any chosen field. Davao Aguilas FC is looking to take flight with Cebu Pacific at its back.”

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Opinion

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Monday|April 30, 2018

It’s all about the lack of political will HOTLINE

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

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Ruffy magbanua MAMBAJAO, Camiguin – Boracay’s environmental problem is brought by years of unregulated development.

Thanks but no thanks to the lack of political will to enforce environmental laws to the letter.

Closing Boracay is a lesson learned to all of us undisciplined humans living

Speaking out

ignacio bunye

Bank of the Philippines Islands (BPI) had many success stories in 2017 to Member: tell its stockholders during the annual stockholders meeting Philippine Press Institute held recently.

Ef f icient op erations, Oro Chamber prudent risk management and best-in-class risk-adjusted returns, just to mention a few. These, as BPI tried to achieve the optimal mix between growth, profitability and stability. are inside.

Most of the time think a minute we can be good actors and BPI Chair Jaime Augusto control our tongue, especially Z obel de Ayala ( JAZA) when we want to impress and look good in front of others. So we carefully choose our words before we say them. But then if hints and traces somebody suddenly wrongs and hurts us, we may react quickly out of anger and try to hurt them back with jhan tiafau hurst unkind words. It’s in those unexpected pressure times Think a minute…Have you that you and I show what is noticed that one of the first really in our heart by what things a doctor does when comes out in the words on he examines you is ask you our tongue. We show our to stick out your tongue. true feelings of anger, pride, roy cimagala It’s sometimes possible to prejudice, or unforgiveness, know what’s wrong inside which we usually hide under a person’s body just by the nice mask or act we put To be able to love our enemies looking inside a person’s on in front of others. even as we try our best to mouth. Some diseases and But Jesus Christ loves resolve with justice and charity sicknesses can actually be us and knows we cannot our differences, conflicts seen on a person’s tongue. clean and change our talking and other issues is clearly In fact, our tongue gives until we’ve first cleaned and a sign of being Christ-like. away many other things changed our heart inside. Just It could be the proof that about us. Our accent and like clean water cannot come one’s Christianity is real and way we talk shows where out of a water tank that’s dirty genuine, and not fake. we’re from. Our tongue also inside, Jesus already sees Christ said this in no reveals what’s inside our what we are inside our heart unclear terms. “Love your heart and mind. We usually and mind. He also knows that enemies,” he said, “and pray talk about the things we we are not able to change our for those who persecute you, really care about, such as heart by ourselves. So why that you may be sons of your money, status, food, gossip not ask Him to take control Father in heaven. He causes about others, or sports. of your life, so He can start his sun to rise on the evil But even more than our cleaning and changing your and the good, and sends rain words and actions, it’s our heart today and for the rest on the righteous and the reactions that show what of your life? unrighteous…” (Mt 5,44-45) kind of person we really Just Think a Minute...

We have to be ready to

Stick out your tongue

9.1 billion tons of plastic of any kind and in any form are produced on Earth regularly and dumped into open spaces -- landfills, seas and oceans, mountains, plains and plateaus.

Name it, the Earth have it.

Solid wastes are everywhere.

At the current pace, over 13 billion tons of plastic wastes will be discarded in landfills or in the environment by 2050.

This amount -- which converts to 12 billion in metric tons -- is about 35,000 times as heavy as the Empire State Building in New York.

Most plastics do not biodegrade in any meaningful sense, so the plastic waste humans have generated could be with us for hundreds or even thousands of years.

The estimates underscore the need to think critically about the materials we use and our waste management practices.

Researchers compiled their data from production statistics for resins, fibers and additives from a variety of industry sources.

The report found that as of 2015, nearly seven billion tons (6.3 metric tons) of plastic waste was generated on Planet Earth.

A total of 79 percent of that plastic waste accumulated in landfills or the environment, including the oceans. Despite widespread efforts toward reusability, only nine percent was recycled.

Another 12 percent was incinerated, a process that political/PAGE 10

The Bank of the Philippine Islands Story 2017

manila office: 9th Floor, Unit 918, CityLand Herrera VA Rufino Cor. Valero St., Salcedo Village, Makati City Tel. # : 5555392,Cell No.: 0977-152-8860 lani vallido-Marketing Manager

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on planet Earth. Now, the brunt of shame is on us.

And we waited for a former Davao mayor to enforce such a sweeping order.

The Malacanang order has spread like wildfire all throughout the archipelago.

Frant ic as it were, a l l government agencies involved in enforcing environmental laws jumped out from their comfort zones to comply on a nation-wide scale .

And Camiguin with its strict implementation of solid waste is no exception to the rule. An inter-agency task force led by DENR came to this island to enforce the law.

Too late the hero. Mother Earth has been crying loud to stop throwing garbage everywhere.

For the record, more than

told the stockholders who packed the Fairmont Makati Ballroom last April 19 that 2017 marked the end of a five-year period which saw the bank double in size while improving its risk matrix.

JAZA presented some of BPI’s operating highlights: -The assets of the bank increased from almost a trillion pesos in 2012 to P1.9 trillion in 2017.

- Loans more than doubled in the last 5 years to P1.2 trillion in 2017, growing faster than industry.

-Prudence in expanding its loan portfolio resulted in improvement in an already high asset quality (1.29 % NPL).

-Net income of P22.4 Billion translated into a return on equity (ROE) of 12.8 % and return on assets (ROA) of 1.3 %. Market capitalization was P426 Billion. All figures are among the highest in the industry.

- E f for t s to i mprove balance sheet efficiency resulted in a loan-to-deposit ratio (LDR) of 77 %.

-Cost to income ratio of 54.3 % is the best in the industry.

JAZA attributed superior results in 2017 to the strong performance of core intermediation business and the provision of a complete range of ser vices, from traditional banking to asset management, brokerage and insurance services.

BPI ended the year with revenues of P71 Billion (up 6.7 %), net interest income of P48 billion (up 13.4 %) and fees and commissions of 19.9 billion (up 15.6%).

Meanwhile, B P I ’s subsidiaries and affilitates are front-runners in their respective fields, JAZA said.

-BPI Asset Management and Trust company is the second largest asset manager among banks in the country,

and the most profitable.

-BPI Family Savings Bank is the largest thrift bank in the country.

-BPI-Philam is the fastest g rowing life insurance comp any in t he w hole country and already the third largest in premium income.

-BPI/MS is the most profitable among non-life insurance company in the country and the fourth largest in premiums written.

-BPI C entur y Tokyo Leasing is the fourth largest leasing company in the country.

-BPI Global Pay is the second largest merchant acquirer in the country.

JAZA ended his report by announcing BPI’s stock rights offering (scheduled for listing on May 4) which will raise approximately P50 billion in new capital.

The current capital level is deemed commensurate to story/PAGE 10

Loving enemies is Christian develop and assume this attitude, always asking first of all for the grace of God and trying to have the very mind and heart of Christ. We also need to discipline our reactions and to train our emotions to conform to this basic Christian standard.

Yes, this ideal can only be possible and doable with God’s grace and the constant effort to assume the very mind and heart of Christ. We should never take this requirement for granted.

In the first place, we have to remember that our true identity is when we become another Christ knowingly and willingly. This presumes a constant effort on our part, since this cannot be considered as an automatic thing to happen in our life.

This is not falling into some kind of pious presumption.

This is what we are supposed to be. And God, for his part, is all ready to give us all that we need to attain this goal.

We should give full attention to this fundamental need ofours, seeing to it that

in our prayers we explicitly ask for this grace. Let’s hope that we come out of our prayer deeply conscious of who we are at the very core of our being and of how we are supposed to behave, especially in the face of difficulties and when dealing with enemies, or those not quite friendly with us.

This will require tremendous effort, of course, but once done, we will surely feel the way Christ felt even in his most difficult moment when he had to suffer his passion and death on the cross. That’s when we can echo St. Paul’s words: “I no longer live, but Christ lives in me.” (Gal 2,20) There will be a kind of peace and joy that the world can never give. There will be a sense of confidence and courage in spite of the tremendous suffering involved. Somehow, even if we are still immersed in our material or physical condition, we can manage to be spiritual and supernatural in our bearing.

We have to undertake the appropriate plan or program, or some exercises and activities that will foster this kind of attitude and outlook. Definitely, we need to be patient and hopeful, and kind of sport about the usual drama in life where there will always be things beyond our control. We have to learn to take certain things in stride.

If need be, we should just roll with the punches.

Everyday, we have to make another step of progress in the art of loving our enemies.

It could be in the area of patience, or in the skill of finding the saving grace of a person who otherwise is full of defects, or the virtue of hope and optimism. Opportunities togrow in these virtues will always be at hand. We need to seize every chance we have to grow in them.

We have to convince ourselves that all the effort needed for this would be all worthwhile. It will surely unleash the power of God’s grace and actualize the hidden potentials in our life.

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5

Banking&Finance

S&P’s positive outlook rating buoys PH financial markets

T

HE Philippine peso ended the week much improved against the US dollar, back at the 51-tothe-greenback level while the Philippine Stock Exchange index (PSEi) sustained its rally for the second day in a row on improvements in risk sentiment.

The local currency ended this week at 51.965 from the previous day’s

Security Bank to close most branches on Labor Day ALMOST all branches of Security Bank will be closed on May 1, 2018 in line with the Labor Day holiday, the bank’s management announced Friday.

In an advisory, the bank said only its branches at the Ninoy Aquino International Airport (NAIA) and NAIA Terminal 3 will be in close/PAGE 10

52.15. A trader attributed this come back to lower hedging rate for the US dollar overnight. The trader said a drop in non-deliverable forward (NDF) prices overnight “is actually interesting” given that the US currency remains strong.

“This can be due to improvement in overall sentiment since local stocks are mostly on the positive trend since

yesterday,” the trader said.

Another trader said the peso’s improvement was due to Standard & Poor’s (S&P) decision on Thursday night to change its outlook on the Philippines’ credit rating from Stable to Positive due to sustained improvement of the country’s external payments position and economic and fiscal

situation.

For the day, the local unit opened at 51.95, up from 52.25 a day ago. It ranged between 52.03 and 51.89, resulting to an average of 51.965.

Volume reached USD806.05 million from USD736.2 million in the previous session. The currency pair is seen to trade between 51.70 and 52.10 next week.

Meanwhile, the PSEi’s

improvement was, in turn, traced to lesser foreign selling after the main gauge’s recovery a day ago and the S&P decision.

It ended the week at 7,721.02 points, up 1.36 percent or 103.60 points.

It was tracked by all the other indices, with the All Shares up by 1.17 percent, or 53.78 points, to 4,671.83 points.

The sectors were led

by the Holding Firms, which rose 2.66 percent, and followed by the Mining and Oil, 1.29 percent; Industrial, 1.19 percent; Property, 0.66 percent; Financials, 0.19 percent; and Services, 0.07 percent. Volume for the day reached 1.6 billion shares amounting to Php7.1 billion.

Gainers led losers at 124 to 69 while 52 shares were unchanged. (PNA)

ANALYSTS are not too worried about the uptick in prices that would almost certainly follow the second phase of government’s tax reform program amid jitters that it would push inflation past the 2 percent to 4 percent target for the 2018-2019 period.

Officials of the Bangko Sentral ng Pilipinas (BSP) have said that inflation is expected to be elevated in

the coming months but would start to go down in the third quarter of the year, and will finally normalize around March 2019. To date, the central bank’s average inflation projection for 2018 remains at 3.9 percent while it is expected to settle down to 3 percent next year.

ING Bank Manila senior economist Joey Cuyegkeng, in a research

note, said ING Bank economists “believe that modest secondround effects are already incorporated in BSP’s inflation forecast. BSP forecasts a return to the target range over the policy horizon by early 2019 with its 3 percent 2019 inflation outlook from 2018 forecast of 3.9 percent,” he said.

“We are more pessimistic than the

consensus forecast with our 4.3 percent forecast (against consensus of 4 percent) this year and 3.7 percent next year (against consensus of 3.5 percent),” he added.

In the first quarter this year, inflation averaged at 3.8 percent, higher than the 3 percent in the previous quarter and 2.9 percent in the first three months of 2017.

The inflation spike

was traced to the rise in prices of alcoholic beverages and tobacco products (15.9 percent) because of higher “sin taxes” as well as food prices (5 percent) due to bad weather. During practically the same period, non-alcoholic beverages rose 4.6 percent on account of the newly-introduced excise tax on sugar-sweetened beverages. (PNA)

Inflationary effect of expanded tax reform already factored in by Bangko Sentral

6

Environment

Cimatu wants all mining companies EITI compliant, including small-scale miners Secretary Roy A. Cimatu of the Department of Environment and Natural Resources (DENR) has vowed to ensure that all mining companies, including small-scale miners, will take part in the Philippine Extractive Industries Transparency Initiative (PH-EITI) in order to improve transparency and accountability in the mining sector.

“We will ensure strict compliance with our regulation on the participation of mining contractors in

the PH-EITI, which is mandated under DENR Administrative Order (DAO) No. 2017-07,” Cimatu said in speech read

by DENR Undersecretary Annaliza Rebulta-Teh during the PH-EITI National Conference held at the Philippine International Convention Center in Pasay City last Wednesday.

PH-EITI is a multistakeholder group that pushes for the local implementation of EITI, a global standard of transparency for eiti/PAGE 10

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Boracay establishments with illegal sewer connections face closure, Cimatu warns

E

nvironment Secretary Roy A. Cimatu said he will not think twice shutting down Boracay establishments that illegally connect their sewage lines to the island’s rainwater drainage system that goes directly to the sea.

A visibly irked Cimatu issued the warning during a press conference on the island on Wednesday, a day prior to the closure,

and after going over two documents containing the list of locations where the illegally connected sewer pipes were discovered.

Cimatu was particularly exasperated by the continued failure of some establishments to connect to the sewer lines of water concessionaires Boracay Island Water Company and Boracay Tubi Systems Inc., despite being told to do so when they were issued notices of violation

by the Environmental Management Bureau (EMB) in February.

“It has been almost two months, but it seems there is a lack of conscience [on the part of these establishments] to act on their own,” he pointed out.

The former Armed Forces chief said he will not hesitate to cancel the discharge permit and other environment-related clearances issued to these establishments should they

fail to undertake measures to address their violations.

“Kahit sino ang tamaan sa kanila, we will hold them responsible and make them pay,” Cimatu warned.

According to Cimatu, Boracay establishments that are discharging their untreated wastewater directly to the sea or illegally connecting to the drainage system contribute greatly to the water closure/PAGE 10

DENR to review Boracay master plan during closure; new master plan will allow developments in adjacent islands to boost tourism in the region Environment Secretary Roy A. Cimatu on Tuesday (April 24) said the existing Boracay Master Plan will be reviewed and updated during the six-month closure to incorporate developments that would also cover nearby islands to boost tourism revenues in the Northern Aklan region.

Updating the old Boracay Master Plan is part of the ‘first aid’ measures the DENR is implementing to solve the woes of the world-famous island destination.

“We intend to revisit the Boracay Master plan to incorporate it into a more comprehensive Northern Aklan master plan which will hasten the development of Caticlan, Malay, and Carabao island and radiate it to the nearby areas possibly including Romblon,” Cimatu said during the launch of 'Tayo ang Kalikasan' People's Stewardship movement in Laoag City, Ilocos Norte.

Boracay Island will be closed for six months

beginning April 26 to give way to rehabilitation activities, including the demolition of structures situated in the wetlands.

“Within that period, we intend to put in place what we might call the ‘First aid’ solution to Boracay’s problems: among others, putting the sewage and solid waste systems in place; demolish illegal structures, whether big or small – in the foreshore, on wetlands, in forest lands or even within road easements; set up rules and regulations to keep Boracay safe, including the use of jetty ports, vehicles and other means of transport, the entry and exit of people and the like. And of course, the governance of the place,” Cimatu said.

During the island’s closure, the Environment chief also said a thorough review of the tourism program of Boracay Island will also be reviewed by the interagency task force who will also lock heads in the formulation of new attractions. This will review/PAGE 10

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7

Billboard

City Government of Cagayan De Oro, PLDT SME Nation to bring free hi-speed public WiFi, cashless payments for Cagayanons

Leading telecoms and digital services provider PLDT, through its enterprise arm PLDT SME Nation, has recently announced a partnership with the City Government of Cagayan De Oro that will empower and benefit Cagayanons with hispeed internet access in local government offices initializing its tracks towards becoming one of the first Smart cities in Mindanao.

In collaboration with PayMaya Philippines, the digital financial services arm of PLDT and Smart's Voyager Innovations, the Cagayan de Oro local government and its citizens will also be enabled by the latest digital payments technologies.

In line with PLDT Enterprise’s nationwide #READY program that aims to accelerate the transformation of LGUs across the country into

smart cities, PLDT FVP and Head of SME Nation Mitch Locsin hopes the partnership with the City Government of Cagayan de Oro will pave the way for the adoption of technology for more LGUs in the Mindanao region.

“Our vision of a more connected and empowered Philippines extends to all corners of the country. The digital economy belongs to all Filipinos and we are working towards providing them with access to fast, affordable connectivity

along with the most up-todate innovations,” added Locsin.

Cagayanons will be able to access free hispeed internet, conduct transactions online or access the city's services through the Smart Wifi

solution that will be made available in the local government offices.

Citizen beneficiaries of the local government will also receive their benefits through their PayMaya accounts. They will also be provided with citizen ID

cards powered by PayMaya which they can use for online purchases and in physical merchants.

“So many solutions are readily available for local governments that will allow them to greatly improve the delivery of their services to their citizens and constituents.

Beyond connectivity, we can facilitate economic growth through e-commerce adoption, expand infrastructure, uplift disaster & emergency preparedness and improve citizen welfare. All of which will contribute to the country’s growth and development.

We admire Mayor Oscar S. Moreno’s step forward into making Cagayan de Oro one of the first digitally enabled cities,” said Locsin.

To know more about products and services by PLDT Enterprise, please visit www.pldtenterprise. com.

FINALLY, the online grocery trend will be experienced by Cagayanons.

This as Starmax Grocer finally arrives in Cagayan de Oro via its exclusive local merchant Highland Fresh located at Hayes-Tiano.

Starmax is created and designed to empower and encourage an ordinary grocer to become a wise saver, helping them improve their standard of living through

Starmax's concept of valued "Savings System".

Starmax is established not only to give quality and affordable products to grocers but also give savings opportunity and livelihood. Starmax products are available in all 21 South Emerald Supermarkets, 10 Starshops, and 3 home depots and ongoing Starmax depots in the making.

The system is simple.

Once you become a

member, you will receive your own business kit depending on the package that you availed and you will track your transactions online using yoir own login.

Starmax's array of products include StarB&B Body, StarB&B Beauty, Starhome, Sulit Star and Budget Star from soaps to dining utensils and even dishwashing liquids.

As company CEO Kathleen Sio would

put it, "Aside from our presence in Luzon, CDO is our first choice. We are very confident in this endeavor because we have been planning this for years to be where we are today. We do not only sell products but we are proposing a concept."

"The system made it all possible. Our vision is to build a closer community between the business operator and the consumers thru our system that will enable

both parties to benefit.

The key is to enable each and every individual to save from their expenditures everytime

they buy. Thats why our program is fitted for all and marketable anywhere," Sio added. photo supplied

Present during the partnership signing are, from left, Cagayan de Oro City Administrator Teddy Sabuga-a, Cagayan de Oro Mayor Oscar Moreno, PLDT FVP and Head of PLDT SME Nation Mitch Locsin, and PLDT AVP and Head of PLDT SME Nation Relationship Management Ben Melasa.

Starmax Grocer arrives in CDO

Review...

Every household should have the Globe At Home WiFi TV Pack

include cultural shows and historical tours in the island and neighboring towns or cities with rich cultural heritage.

Careful consideration for the island’s original inhabitants, the Atis, will also be implemented during the rehabilitation phase so they will not feel out of place even as developments in their beloved island are set in place.

Cimatu assured everyone that a cleaner and livelier Boracay Island will unfold once the work has been completed. He said ‘healing’ Boracay from the grudges of unbridled tourism is a must so future generations will still be able to experience its beauty.

“Boracay Island was left with the problem of sewage, solid waste and other pollutive activities to the tender mercies.

They let greed and neglect, as President Duterte so emphatically noted, turn this jewel into a ‘cesspool’. So now, we have to rehabilitate it to let it breathe and to let it live,” Cimatu said.

For many Filipinos, the top two forms of entertainment are watching local teleseryes and going online. Now, Globe At Home and ABSCBN are combining the two with the new WiFi TV Pack, a bundle that comes with the Globe At Home Prepaid WiFi device and the ABS-CBN TV Plus Box! With the WiFi TV Pack, families can watch the latest Kapamilya shows and complete the entertainment experience with fast and reliable access to the internet.

Here are five reasons why you should get the Globe At Home WiFi TV Pack: 1. You can watch the latest ABS-CBN shows with better quality With the ABS-CBN TV Plus, you can watch the latest primetime shows with better picture quality compared to analog transmission.

Aside from the free TV channels, customers can also get access to exclusive

from page 6

Here are the reasons why!

channels like DZMM Teleradyo, Cinemo, YEY, and the Knowledge Channel.

2. Watch trailers, teasers, and previous episodes Missed the latest episode of your favorite shows? Not to worry!

With the Globe at Home Prepaid WiFi device, you can go online and catch highlights of previous episodes. You can also watch trailers and teasers to upcoming teleseryes and Star Cinema movies!

Enjoy these on your own terms, as the Globe At Home Prepaid WiFi device does not require installation or monthly fees.

3. Catch up on the latest news about shows and celebrities online Globe at Home Prepaid WiFi boasts 2x faster speed, 2x stronger signal and 2x wider coverage than pocket WiFi, , which means you can catch up anytime on the latest in local showbiz and what’s happening with the most

popular celebs!

4. Follow your favorite Kapamilya stars on social media With a reliable connection, stay updated on your favorite stars by checking out their Facebook, Twitter, and Instagram accounts to find out their next

projects and see their OOTDs, vacation photos, and behind-the-scenes videos.

5. You get two entertainment devices in one bundle!

Get the new WiFi TV Pack in one bundle for the special price of P2,999. It’s available starting May 1,

and is perfect for families who love spending time together by watching TV! To learn more about Globe at Home Prepaid WiFi, visit the website at http://broadband.globe. com.ph/prepaid-homewifi.html, call the Globe hotline at 730-1010, or visit any Globe Store.

The Department of Public Works and Highways - Region X welcomed its new Regional Director, Engr. Zenaida T. Tan, vice Engr. Virgilio C. Eduarte, CESO IV, Monday, April 16, 2018. A turn-over of key of responsibility by outgoing RD Eduarte to incoming RD Tan was held at the Regional Office – 10 Conference Room witnessed by the District Engineers, Assistant District Engineers, Division Chiefs and staff of the Region. DPWH 10 photo

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9

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Monday|April 30, 2018

Republic of the Philippines REGIONAL TRIAL COURT of MISAMIS ORIENTAL 10TH Judicial Region Branch 44 Initao, Misamis Oriental

12. In the year 2016, in her effort to be fully reunited with her family in Canada, Petitioner processed her Immigrant Visa which included the Respondent and their only son as her dependents and she would then send extra money to the Respondent to process the documents that were required for this application such as their passport;

DOLCE JARALES GONZALES, Petitioner,

-versus- Civil Case No. 2017-1455 For: DECLARATION NULLITY OF MARRIAGE AGRIFINO T. GONZALES, JR.,

13. During this year, Dolorito Jarales, the Petitioner’s elder brother had observed however that the letter’s church tithes and offerings had dwindled and even the monthly allowance for their mother went the same. Dolorito then verified from the Petitioner if she was still sending her tithes and offerings and the monthly allowance for their mother. They found out then that the Respondent was not fully remitting the money sent to him by the Petitioner. Petitioner being a peace-loving person, simply downplayed this dishonest actuation of the Respondent;

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

14. In the year 2017, the Petitioner got the shock of her life when her younger brother, Prudente Jarales, the associate pastor, narrated to her that a man who introduced himself as the husband of one Flor Paterno approached to inform him because Flor Paterno is having an affair with the Respondent. This narrative finally made the Petitioner believed, that indeed Respondent had wronged her in their marriage;

SUMMONS BY PUBLICATION To: AGRIFINO T. GONZALES Purok 11-A, Brgy. Tibanga, 9200 Iligan City GREETINGS!

15. While Petitioner was stretching her patience and was still hoping that her marriage with the Respondent would still work as they were already processing their immigration papers for Canada, this hope turned out not anymore viable when their only son, John Mark informed her that he caught his father in the act of having sexual contract, with the same Flor Paterno that her brother Prudente had previously mentioned,inside their family abode. As this unfolded, John Mark was very much shocked since he thought that this same Flor Paterno was his father’s cousin as this was how the Respondent introduced her to him whenever John Mark saw this woman in the company of his father;

This Court issued an Order dated January 12, 2018 allowing Summons be served upon AGRIFINO T. GONZALES, JR., in a newspaper of general circulation, pursuant to Section 15, Rule 14 of the 1997 Rules of Civil Procedure. It is pursuant that this Summons by Publication is issued.

WHEREAS, quoted hereunder is the PETITION, to wit:

Petitioner, DOLCE JARALES GONZALES, through her undersigned attorney, unto this Honorable Court, most respectfully states that:

16. On March 16, 2017, Respondent left for the Manila together with Flor Paterno and he told their son, John mark that he would look for a job in there. This unfortunate event did not stop Petitioner from hoping that one day, Respondent will come to his senses and come back, but to date Respondent would refuse to communicate with her and even with their only son;

1. Petitioner is of legal age, Filipino, married and a resident of Aluna, Initao, Misamis Oriental and is currently working in Toronto, Canada. Legal papers and processes intended for or emanating from this Honorable Court may be served at the address of the undersigned counsel atrm. 140, Veramont Residences, 2712 Juan Luna Avenue, Mabolo, 6000 Cebu City;

17. The act of the Respondent in abandoning his family had jeopardized the existing Immigration Visa application of the Petitioner’s as he was part of this application,being one of the Petitioner’s dependent. Worst Petitioner has just found out that Respondent after all, did not process the passport application of their son, which is an essential requirement in his Dependent Immigrant Visa Application.

All the while, Respondent used the money that was sent to him to process their immigration application in some other things and this aggravated the unspeakable turmoil that the Petitioner had suffered;

2. Respondent is also of legal age,Filipino, married and with last known address at Purok 11-A, Brgy. Tibanga, 9200 Iligan City; 3. Petitioners was working as a teacher in the Bible Baptist Church Fundamental school ministry in Lugait, Misamis Oriental, where her brother is an associate pastor, when she met the Respondent through common friendssometime I the year 2001.

There was no formal courtship between them Petitioner found the Respondent to be friendly, caring, helpful and generous but Petitioner considered it as a turn-off when Respondent manifested being impatient, hot-tempered, impulsive, and a nagger who would always speak cuss words even on minor things. Petitioner’s eventual pregnancy by the Respondent however, after almost eight (8) months of being sweethearts through mutual understanding ( M.U.), led them to immediately get married in a civil wedding rite on July 26, 2002 officiated by Hon. Enerito J. Acain V, Municipal Mayor of Initao, Misamis Oriental;

18. Distraught of these unfortunate turn of events, having lost her husband and her hope of reuniting her family in a greener pasture in Canada, Petitioner sought the help of a psychological counselor to ease her pain; 19. At this point, Petitioner decided to wholeheartedly let go of the Respondent upon her realization that that their marriage was utterly hopeless. Respondent having abandoned the Petitioner and their only son in favor of his paramour;

4. At the time of the celebration of there marriage however, Respondent was already suffering from a psychological incapacity to comply with his essential marital obligations . Although this incapacity already existed before they got married, this was made more apparent only during their marriage;

20. The herein parties did not acquire any property of significant value during their marriage; 21. Petitioner respectfully invokes Article 36 of the Family Code for this Honorable Court to declare her marriage as VOID ab initio on the ground of Respondent’s psychological incapacity to comply with his essential marital obligations.

5. This psychological incapacity manifested itself in many ways, more particularly in Respondent’s refusal to live together, give mutual love, respect, help and support and with his evident infidelity; 6. After their marriage, the herein parties stayed for a while in the house of the Respondent’s uncle, Benjamin Gonzales, Jr., in Iligan City, whom he considered as his own father as he was merely a drifter from San Carlos City, Negros Occidental with no real family to call his own. Respondent was jeepney driver and since his income was not enough, the Petitioner would help in earning their daily bread by having variety of small business as she already stopped teaching. They then transferred residence to Barangay Santiago in Iligan City and on November 27, 2002, Petitioner gave birth to a baby boy, named: JOHN MARK J. GONZALES2; 7. On October 8, 2018, Petitioner grabbed the opportunity to work abroad. She flew to Hongkong to work as a caregiver. Being away from her family was utterly difficult but Respondent promised her that he would be loyal and would take good care of their only son while she was away Because Respondent was almost a perfectionist in every thing and had no family of his own, Petitioner trusted that Respondent would value their own family, he being merely a drifter in the past; 8. With Respondent’s promise of being a responsible husband and a good administrator, Petitioner, aside from the family support that she would send to the Respondent, would also send her church tithes and offering through him and the monthly allowance that she gave to her mother, Dolores E. Jarales who is residing in Aluna, Initao, Misamis Oriental; 9. In the year 2011, Petitioner had heard some rumors that Respondent had nurtured an extra marital affair but she fully trusted the Respondent that he be a good husband and a good father, so she refused to believe said story.

10. Petitioner did well in her job abroad and was earning good. Respondent, aware of these earning, would then ask the petitioner to buy a second-hand vehicle for him to drive. Petitioner would ask if this second-hand vehicle was still viable for hire and Respondent would immediately assure her that this was in running condition but after a short period of time, Respondent would decide to sell it as it turned out to be unserviceable. Petitioner would get disappointed by this seeming waste of money but she loved him, so she would just keep this disappointment within herself; 11. In the year 2014, Petitioner was able to land job in Toronto, Canada as a caregiver.

Respondent would again ask the Petitioner to buy another second-hand vehicle, and as if Respondent did not value Petitioner’s hard-labor abroad, after some few weeks from its purchase, he would again decide to resell it. Respondent made these impulsive buying three times and three times, did the Petitioner was highly disappointed of these wastages;

ATTY. PEME JARALES CAVLES Counsel for the Petitioner Rm. 140, Veramont Residences 6000 Cebu City VERIFICATION AND CERTIFICATION OF NON-FORUM- SHOPPING I, DOLCE JARALES GONZALES, of legal age, a resident of Aluna, Initao, Misamis Oriental, Philippines and currently working in Toronto, Canada, on oath, state THAT:

I am the Petitioner in the above-entitled case;

I have caused the preparation of the foregoing Petition;

I have read and understood the contents and allegations therein are true and correct of my personal knowledge or based on authentic records and documents’ There is NO other action or proceeding pending before the Supreme Court, the Court of Appeals, or any other tribunal or agency to the foregoing and should I there after learn that a similar action or proceeding has been filed or is pending before any of these court,tribunal or agency of that fact within five (5) days there from to his Honorable Court.

IN WITNESS WHERE OF, I have hereunto affixed my signature this 23 of August 2017 at the Philippine Consulate General in Toronto, Canada.

Signed in the presence of: DOLCEJARALESGONZALES 802-10 San Romanoway Laurel B. Dela cruz North York, Ontario MSN 2Y2 Now THEREFORE, through this Summons by Publication AGRIFINO T. GONZALES of Purok 11- A, Brgy. Tibanga, 9200 Iligan City is hereby required to answer the Petition within sixty (60) days from the last issue of publication.

WITNESS the HON. MARISSA P. ESTABAYA, Presiding Judge of this Court, this 9th day of April 2018 at Initao, Misamis Oriental, Philippines.

BWM: April 30 & May 7, 2018

ATTY. IAN C. TAJONERA-BERNARDO Clerk of Court VI

10

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Story... from page 4

the nature and extent of the risks that the bank has taken. “(However) …the larger capital base will allow BPI to continue to contribute to, and benefit from, the country’s growth, and in a manner that is accretive to earnings,” JAZA said.

(To be continued next week) (Disclosure: This writer is currently an Independent Director of Bank of the Philippine Islands and BPI Asset Management and Trust Company.)

Political... from page 4

can also be harmful to the environment.

Recycling is not much help when it comes to plastics, because they do not dissolve in the environment. None of the plastics in widespread use are biodegradable.

Just over two tons of plastics were produced globally in 1950, when mass manufacturing of the durable material began, said the report.

By 2015, that number

skyrocketed to over 440 million tons, outpacing most other man-made materials, with the exception of steel and cement.

About half of the total amount of plastics produced from 1950 to 2015 has been made in just the last 13 years.

While steel and cement are used for years, most plastic is used in packaging -- think plastic water bottles that are used once and discarded.

Roughly half of all the steel we make goes into construction, so it will have decades of use -- plastic is the opposite. Half of all plastics become waste after four or fewer years of use.

Plastic debris can now be found in oceans all over the world. In 2015, eight million metric tons of plastic entered the oceans.

Many bags drift into the ocean, strangling turtles, suffocating seabirds and filling the stomachs of dolphins and whales with waste until they die of starvation.

By 2050, we will have more plastic in the ocean than fish. Plastic bags take between 500 to 1,000 years to break down. It enters the human food chain through

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12TH Judicial Region BRANCH 07 Tubod, Lanao del Norte In re: PETITION FOR CORRECTION OF Spl. Proc. No. 336-07-2018 ENTRY IN THE CERTIFICATE OF LIVE BIRTH OF ALBERT V. TORRES UNDER THE DATE OF BIRTH FROM JUNE 20, 1962 to June 20, 1958.

For: CORRECTION OF ENTRY ALBERT V. TORRES Rep. by JAMES TORRES, Petitioner.

-versus-

fish and other animals.

Garbage problem is real indeed. And it’s no laughing matter.

T h e c a l l f or g l o b a l intervention to mitigate this environmental problem is paramount –- and urgent in the highest order. (ruffy44_ ph2000@yahoo.com)

Close... from page 5

operations Tuesday next week.

“All other branches will resume operations by May 2, 2018,” the bank’s advisory stated.

Thus, the bank encourages its clients to plan ahead to avoid inconvenience.

It assured its clients that the bank’s 24/7 Customer Contact Center, which they can call through 88-791-88, is available for any inquiries.

Questions can also be sent to the bank’s electronic mail (e-mail), customercare@ securitybank.com, it was added. (PNA)

EITI... from page 6

improving governance of natural resources, including their prudent use and the management of natural wealth for the benefit of all citizens.

It a l s o s e r v e s a s a platform to systematically report, review and assess the revenues received by the government from extractive industries through a system of bilateral disclosure.

PH-EITI is launching its Fourth Country Report, an enhance version of the previous reports with the inclusion of large-scale nonmetallic mining projects. The latest report presents updates

on developments that affect the mining, oil and gas, and coal industries in the country, and provides a broad picture of the legal framework and governance mechanisms for extractive industries.

Cimatu said that mining companies must comply with the disclosure requirements of PH-EITI, otherwise they will not be issued Ore Transport and/or Mineral Export Permit and their Environmental Compliance Certificates or ECCs will be suspended.

At the same time, Cimatu underscored the need for future PH-EITI reports to be fully comprehensive by including the smallscale mining sector which, although small in scale, comprises thousands of workers and their families.

“Ultimately, they also contribute a sizeable share to the economy, especially in the local front,” he pointed out. “Let us work towards the inclusion of the smallscale mining sector in this initiative.”

Cimatu is also seeking greater participation by all stakeholders in the next PHEITI report to be able to gauge more accurately the benefits against the costs of natural resources development. “This will ensure the concrete valuation of our resources, including environmental goods and services,” Cimatu said.

“Eventually, this will result in higher payments to the government in the form of taxes, royalties and fees,” he added.

The DENR chief also took the opportunity to disclose some of the plans of t he age nc y tow ards improved transparency and Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region BRANCH 24 Cagayan de Oro City

THE LOCAL CIVIL REGISTRAR OF TUBOD, LANAO DEL NORTE.

Respondent.

X - - - - - - - - - - - - - - - - - - - - - - - - - - - - -/ ORDER This is a petition for Correction of Entry in the Birth Certificate filed by the herein petitioner, ALBERT V. TORRES, represented by his brother, JAMES V. TORRES. The petition alleges that petitioner is of legal age, Filipino, married and a resident of Poblacion, Tubod, Lanao del Norte/Pago-Pago American Samoa, US Territory. He is represented in this case by his brother JAMES V. TORRES, likewise of legal age, married and resident of Poblacion, Tubod, Lanao del Norte by virtue of a Special Power of Attorney. Respondent is sued in her official capacity. Petitioner was born to spouses Filomeno Ralph Mc. F. Torres and Fructuasa R. VISCARA at Tubod, Lanao del Norte. He had been using June 20, 1958 as his date of birth in his personal, official and business transactions. In support of his petition, he has his Certificate of Registration as a voter issued by the Commission of Elections and his date birth in his Tax Identification issued by the Bureau of Internal Revenue, his Philippine Passport, all bearing his birth date as June 20, 1958. He filed the petition in good faith and prosecution of the same but with the sole intention to straighten his birth record. He is also desirous to correct the entry in his birth record so as to avoid confusion and future inconveniences.

Set the initial hearing of the petition to June 29, 2018 at 8:30 O’clock in the morning before the sala of his Court. The petitioner is hereby directed to publish copy of this Order to a newspaper of general circulation for three (3) consecutive weeks, at his expense. Any person/s interested to the petition should not be granted.

Furnish copy of his Order to the Office of the Solicitor General at 134 Amorsolo St., Legaspi Village, Makati City, to the Office of the Public Prosecutor in Tubod, Lanao del Norte, to the Office of the Local Civil Registrar of Tubod, lano del Norte, to Atty. Maryflor L. Opay-Armas, counsel for the petitioner and to the petitioner through his brother, James V Torres of Poblacion. Tubod, Lanao del Norte.

accountability in extractive industries.

Policy-wise, he said, the DENR will continue to ensure that the development of the country’s natural resources redounds to the benefit of the people, especially in the impact areas.

“Towards this end, we will propose and support regulations that will increase the share of local government units in mining t axes, including making certain its timely release, to enable the local government to implement projects that will improve the living conditions in mining communities,” Cimatu said.

He added: “We will also declare high-mineral potential areas as mineral reservations, and monitor strictly the payment of royalties by mining companies operating therein. Further, we will promote the establishment of mineral processing plants in the country.”

Under DAO 2017-07, mining firms are mandated to submit the necessar y requirements to the multis e c tor a l g roup of PH EITI, which is composed of representatives from government, civil society and industries.

The administrative order is pursuant to a constitutional provision on upholding social justice and the common good.

It also cited provisions in the Constitution pertaining to the people’s right to information on public concern and right to a “healthful ecology with the rhythm and harmony of nature.”

The directive is also pu r s u ant t o E x e c ut i v e Order No. 79 issued by the previous administration that

IN THE MATTER OF THE PETITION FOR THE CORRECTION OF ENTRY IN THE CERTIFICATE OF LIVE BIRTH OF PATROCINIO PELIGRO SAYSON,JR., PATROCINIO PELIGRO SAYSON, JR.,

-

SPEC.PROC.CASE NO. SP ORD 2017-217

Petitioner,

Versus -

THE LOCAL CIVIL REGISTRAR OF CAGAYAN DE ORO CITY AND THE NATIONAL STATISTICS OFFICE,

Respondent.

X- - - - - - - - - - - - - - - - - - - - - - - / ORDER This is a Petition for Correction of Entry in the Certificate of Live Birth of Patrocinio Peligro Sayson, Jr., alleging, among others, that petitioner was born in Cagayan de Oro City, on February 20 1976, from parentsspouses Patrocinio Sayson Sr. and Elizebeth Peligro; that in his Certificate of Live Birth, the date of his birth was erroneously entered as February 20,1981, instead of February 20, 1976; that to correct the said error, the petitioner applied for late registration of his birth with the local Civil Registrar of Cagayan de Oro City, which application was granted;that when petitioner requested for an authenticated copy of his Certificate of Live Birth from Philippine Statistis Office (PSA), he discovered that the erroneous entry of his birthdate still remains. Thus this petition.

This Petition well be called foe initial hearing on May 3, 2018, at 8:30 o’ clock in the morning, during which the jurisdictional requirements of publication, posting and notice to all person who have interests which would be effected by this petition, will be proved.

At the expense of the Petitioner, let this Order be published once a week for three(3) consecutive weeks in a weeks in a newspaper of general circulation in the City of Cagayan de Oro, and in the province of Misamis Oriental. Futher, let this Order, together with copies of the Second Amended Petition and its annexes, be posted before the initial hearing at the Bulletin Boards of this Court, City Hall of Cagayan de Oro City, Provincial Capitol of Misamis Oriental, and the Barangay Hall of the barangay where the Petitioner is residing.

Any interested person may, within fifteen (15) days from notice hereof, file an Opposition to the Petition.

Let a copy each of this Order be funished to the Petitioners, Atty. Mario Paul A. Labis, counsel for petitioners, Office of the Solicitor General, and the Local Civil Registrar of Cagayan de Oro City.

SO ORDERED ISSUED this 8th day of March,2018 at Cagayan de Oro City, Philippines.

CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City

BWM: April 30, May 7 & 14, 2018

Closure... from page 6

pollution that triggered government to close down the world-famous resort island to tourists starting April 26. “ This has b ecome a systemic problem,” Cimatu told erring establishments.

“You are capitalizing on the beauty of the beach, but you are polluting it.”

Cimatu first received the lists of discovered illegal sewer connections during a meeting with Aklan Governor Florencio Miraflores, and officials of the Department of Environment and Natural Resources and the Department of Public Works and Highways last week.

B oth lists contained locations of pipes, with diameters ranging from two to six inches, connected to the drainage system.

The following establishments had pipes connected to the drainage: New Guard Enterprises (one six-inch pipe); Red Coco Inn (one 4” and one 6” pipes); Hennan Garden (six 4” and one 6” pipes); Red Coconut Beach Resort and Lime Hotel (one 4” pipe each); and the Crown Regency Convention Center (two 6” pipes).

Engineers have yet to trace sources of pipes found in the following locations: beside New Guard (one four-inch pipe); along Azalea (four 4” and one 2” pipes); in front of Jollibee (one 6” pipe); Wazzan near laundry services and in front of Leylam Shawarma (one 4” pipe each); in front of Hanna Tour Henan Lagoon (two 6” pipes); and in front of BDO at Crown Regency (three 6” pipes). Most of these pipes have already been plugged by the provincial engineering office.

The BIWC also reported pip e s a l on g Kany u g an Alley in Station 2 which were connected to the Red C o conut Hotel’s illegal drainage connection, despite the presence of a sewer line in the area.

Illegal pipes were also d is cove re d i n f ront of or beside the following establishments: Posco Tour, Genko Souvenir Shop, Guest Lounge, Giulius Boracay, Zen Room, JJ Resort and Sun Wood Resort. A pipe at The District resort was also found discharging spring water.

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

SO ORDERED. April 23, 2018.

Tubod , Lanao del Norte.

seeks to institutionalize and implement reforms in the mining sector.

Section 14 of Executive Order No. 79 provides that the “DENR is mandated to ensure that mechanisms are established to operationalize the EITI in the mining sector, in consultation and coordination with the mining industry and other concerned stakeholders.”

(SGD.) DENNIS P. VICOY Acting Presiding Judge

BWM: April 16, 23 & 30, 2018

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

(Sgd.) HENRY B. DAMASING Presiding Judge

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

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

Monday|April 30, 2018

Vibrant...

Education...

ARMM Director Razulden Mangelen told reporters here Wednesday.

She identified other sectors contributing to the region’s growth as those from the hunting, forestry, and fishing industries.

Latest PSA records showed that the ARMM posited 7.3 percent in 2017, a significant leap from the 0.4 percent gross regional domestic product (GRDP) growth rate it registered in 2016.

“The ARMM’s GRDP growth rate is the highest so far in the region’s history,” Mangelen said.

The agriculture, hunting, forestry, and fishing industries, aptly called AHFF, posted the highest contribution to ARMM’s economic growth, accounting for 4.3 percentage points out of the 7.3 percent GRDP growth of the region.

B oth the agriculture and forestry subclass and the fishing subclass under the AHFF sector registered significant growth, with agriculture and forestry posting a growth of 8.7 percent in 2017 from negative 0.9 percent in 2016, and fishing with a growth of 4.5 percent from negative 8.7 percent in 2016.

“The ARMM is far from perfect, but the reforms we have institutionalized in the region have been crucial.

Our sluggish economy in the past was never about lack of resources but of political will, which is why we have committed ourselves to ma k ing t he ARMM bureaucracy work better for the people,” ARMM Governor Mujiv Hataman also told reporters here.

He described the current PSA figures as “significant” considering that ARMM’s farmers and fishermen remain among the poorest of the poor in the country as of 2015 based on PSA data released last year.

“We are glad to see that our efforts have led not only to unprecedented statistical growth but to actual growth that is felt by the Bangsamoro,” Hataman said.

ARMM ranks sixth in terms of economic growth for the year 2017, among the 17 regions in the country. (PNA)

This was according to Mayor Oscar Moreno, who recently accepted the SGEG award given by the United States Agency of International Development (USAID) and Synergeia Foundation.

Moreno said he was “humbled and happy” that the city’s effort to pour in some P2.5 billion in the last five years for educational infrastructure projects has been recognized twice.

Since Moreno took over the helm in 2010, the city government was able to build 508 classrooms and establish 13 new high school campuses-mostly in barangays where classroom shortage has been a perennial problem.

Moreno said the local government aims to build more classrooms in the coming years, to be funded from the 1 percent share of the real property tax that the city collects annualy.

“We realized that there is still so many things that need to be done in the field of education, so we keep on pushing,” Moreno said.

Moreno credited the city’s intensified education support program to the collaborative efforts of the private and public sector through the Local School Board (LSB).

Un d e r t h e c u r r e n t administration, the LAB has b e en comp os e d of representatives from the e du c at i on d e p ar t me nt , Cagayan de Oro Chamber of Commerce and Industry, Fe d e r at i on of C h i ne s e Chamber of Commerce, private primary and secondary schools, academe, parentteacher association, and the interfaith communities.

from page 1

Shortage... from page 1

with an additional 115 units in Iligan City, Guro added.

“Cagayan de Oro and Iligan are our first expansion areas outside of Davao, consolidating our market stronghold in Mindanao.

Expect more cities joining the rapidly growing hirna family in the next few weeks,” said company president Francisco Coco Mauricio. hirna will go live in May, testing the monopoly that Grab has enjoyed in Cagayan de Oro for the past years.

“What we bring to CDO and Iligan is fair competition that provides more passenger opt ions and resu lts in a healthy and innovative transport industry for all stakeholders,” Mauricio said.

from page 1

Generator... from page 1

to the generator set market its LPG-power machines. Under the Tax Reform Acceleration and Inclusion or Train tax regime, prices of gasoline will increase by up to P10 by 2020 due to the additional excise tax imposition, while diesel will increase by up to P6 in the same period. LPG on the other hand will only be levied an additional excise tax of P3/ kilo by 2020, P1/kilo per year from 2018. A kilo converts to approximately 2 liters of LPG. Investing in LPG-powered generator set is economical and a necessary step in the crucial shift for cheaper, cleaner and safe energy, said Pryce Gases Inc. chairman Salvador P. Escano in the launching ceremony at the Pryce Plaza which is now serves as the headquarters of PGI..

PGI President Rafael P. Escano said bigger LPGpowered generator sets, with 10kW capacity will be introduced in the market soon.

Vincent C h oy, representative of GreenGear Italy assured that the LPG generator sets they are introducing has been tested.

It is compliant to European standards, he said.

Catherine Jalandoni,

General Manager of Volt Supply and Solutions assured that after sales services will be available in PGI sales center.

“We have just finished training the first batch of technicians from PGI,” Jalandoni said.

But she added, compared to diesel and gasoline powered generators, the LPG gensets are low maintenance.

Compared to other fuels, LPG is a low carbon emitter.

Among the other advantages of the LPG-power generator set are its less toxicity, less maintenance and versatility.

The new composite LPG cylinders introduced earlier

by Pryce Gases, Inc. is also safer than the traditional steel cylinders.

LPG, although derived from fossil fuel has not been classified as a greenhouse gas by the Intergovernmental Panel on Climate Change.

Its widespread use has been promoted by environmentalist to reduce carbon gas emission which has been blamed for global warming and climate change.

Pryce Gases, Inc. (PGI) is a Filipino company which has grown as major player in the LPG industry from its humble beginning in Cagayan de Oro. It is engaged in importation and distribution of liquefied petroleum gas (LPG) under the trade name PRYCEGAS as well as in the manufacture and distribution of medical and industrial gases. PGI operates its own LPG bulk terminals, LPG refilling plants and sales centers strategically located nationwide.

Cum Laude... from page 2

b e us e d for advancing political campaigns of any candidate, group, political parties, and the likes during the election period. (PIA/ Misamis Oriental) Like any Pantawid beneficiary, she experienced difficulties in life. It never o cc ur re d to t hem t hat anyone in the family could reach college. Yet, sheer determination has been Sheremie’s driving force to finish her studies. “I was so lucky then that I was included in the list of ESGPPA scholars.

Because of that, my dream became a reality, big time,” Sheremie shared.

She did excel in her studies and even in extra-curricular activities. Despite her rather hectic schedule, she found time to be with her family to go to church. Sheremie hoped that 4Ps will continue to help more indigent students to finish a college degree and make their dreams come true like her.

Sheremie is one of the 1,940 regional scholars of ESGPPA, of which the implementation i s sp e ar h e a d e d by t h e Commission on Higher Education (CHED) and Department of Social Welfare and Development (DSWD).

A student-grantee receives a maximum of P60,000 scholarship grant per school year or P30,000 per semester.

This is broken down to P20,000/year Tuition Fee Cost, P5,000/year Textbook Fees and other learning materials, and P35,000

(P3,500/month multiplied by 10 months) stipend for board and lodging, transportation, clothing, health/medical needs, basic school supplies, and other related costs.

The 4Ps is a human development measure of the national government that provides conditional cash grants to the poorest of the poor, to improve the health, nutrition, and the education of children aged 0-18. It is patterned after the conditional cash transfer (CCT) schemes in Latin American and African countries, which have lifted millions of people around the world from poverty.

Pantawid Pamilya is only one of the poverty reduction strategies of the national government implemented by the DSWD, with the primary aim to break the intergenerational poverty cycle.

In Northern Mindanao, there are more than 270,000 household active beneficiaries of the program.(Oliver Inodeo/RTP/PIA10)

Guidance... from page 3

Shares in Nickel Asia fell as much as 6.7% on Tu e s d ay f o l l ow i n g t h e R e ute rs re p or t . Gl ob a l Ferronickel Holdings, Inc., the Philippines’ secondbiggest nickel ore producer, slumped as much as 7.1%.

The mineral deposits at all four of Nickel Asia’s mines r un deep s o t he limits in the mining areas should not affect current production volumes, even for its smaller mines, said Samson.

“What we need to do is to perhaps accelerate our rehabilitation of our disturbed areas and we’re so used to doing this. Every year we do progressive rehabilitation,” he said.

Under the government plan, mines producing up to 1 million tons of nickel ore a year will be allowed to work on 50 hectares at any one time. That would increase to up to 100 hectares for mines with output of 9 million tons and above. Projects with a processing plant will be allowed up to 162 hectares.

Companies will have to re-forest areas that have been mined above the limits before opening up any new land.

The biggest of Nickel Asia’s mines covers nearly 5,000 he c t ares and t he smallest is about 700 hectares.

Nickel Asia, par tly owned by Japan’s Sumitomo Metal Mining Co., has two nickel processing plants, the only such facilities in the Philippines.

The company sold 17.7 million tons of nickel ore last year, mainly to Japan and China, down 8% from 2016.

The Philippines was the biggest nickel ore supplier to top market China last year, shipping nearly 30 million tons. Indonesia has been the top supplier so far this year after Jakarta relaxed its ore export policy.

Puregold... from page 3

focus its resources in the further development and strengthening of the Puregold brand,” the company said.

The c o m p a n y ’s r e t a i l f o r m at s i n c l u d e hypermarkets carrying the Puregold Price Club brand, which offers a variety of food and non-food products c ate r i ng to b ot h re t ai l customers and resellers.

It also operates Puregold Junior as its supermarket format, containing more food and non-food formats compared to hypermarkets.

It also has Puregold Extra as the discounters segment a n d S & R Me m b e r s h i p shopping.

Puregold did not disclose

the value of the transaction, but noted that it is less than 10% of its total assets.

The listed firm realized a net income of P5.84 billion in 2017, 5.7% higher than what it earned the year before following a 10.6% increase in consolidated sales to P124 billion for the year.

Puregold ended 2017 w it h 3 7 2 store s i n t h e country, 309 of which are Puregold stores, 14 S&R membership shopping warehouses, 32 S&R New York-style QSR, nine NE B odega Supermarkets, and eight Budgetlane supermarkets.

The company had earlier disclosed that it is looking to open 25 new Puregold stores this year alongside two S&R warehouses.

REPUBLIC OF THE PHILIPPINES MUNICIPAL TRIAL COURT IN CITIES TENTH JUDICIAL REGION BRANCH 1 CAGAYAN DE ORO CITY Land Reg. Case No. LRC-C16-MAY-004 LRARecordNo.-ORD-2017000106 NOTICE OF INITIAL HEARING

To the Hon. Solicitor General, Office of the Solicitor General, 134 Amorsolo St., Legaspi Village, Makati City; the Director, Land Management Bureau, Escolta, Manila; the Regional Director, Region X-DENR, Cagayan de oro City; the Hon. Secretary, Department of Public Works and Highways, Bonifacio Drive, Port Area, Manila; the Hon. Secretary, Department of Agrarian Reform, PTA Bldg., Elliptical Road, Diliman, the Director, Forest Management Bureau, Visayas Avenue, Diliman, both in Quezon City, Metro Manila; the Provincial Governor, the Provincial Prosecutor, the General Services Officer, the Provincial Engineer, the Public Works and Highways District Engineer, all in Cagayan de Oro City; the CENR Officer, CENRO, Land Management Sector, Upper Malasag, Cugman, Cagayan de Oro City; the City Mayor, the City Counsil, the City Prosecutor, the City Treasurer, the City; RJ Tanginto Real Properties, Zone 1 Diversion Road, Bayabas, Cagayan de Oro City; Megdonio Bacal, Patag,. Cagayan de Oro City; Provincial Road, c/o the Provincial District Engineer, Cagayan de Oro City; AND TO ALL WHOM IT MAY CONCERN: An application having been filed in the above entitled case by ROGER G. TAN, married to Jocelyn D. Tan, Sta. Cecilia Subdivision, Cagayan de Oro City, thru Atty. Francis U. Ku and Associates, 3rd Floor, St. Gregory Bldg., 6th corner 17th Sts. Nazareth, 9000 Cagayan de Oro City by Atty. Francis U. Ku. A parcel of land (Plan Ap-10-003272, Lot 119, Cad-237, Cagayan Cadestre), situated in Barangay of Carmen, City of Cagayan de Oro, Island of Mindanao. Bounded on the E., along line 4-5 by Provincial Road; in the S ., along line 5-1 by Lot 120; on the W., along line 1-2 by Lot 124; along line 2-3 by Lot 125 and on the line 3-4 by Lot 118, all cad-237, Cagayan Cadestre.

Beginning at the point marked “1” on the plan being S. 69 deg.

18’W., 31.20 m. from BLLM No. 4, Cad-237, Cagayan Cad. To corner “1” of Lots: THENCE: 1-2 N. 00 deg. 10 E., 680 m.

2-3 N. 01 deg. 23 W., 15.68 m.

3-4 S. 87 deg. 09 E., 18.47 m.

4-5 S. 00 deg. 58 E., 21.47 m.

5-1 S. 89 deg. 43 W., 18.45 m. beginning, containing an area of FOUR HUNDRED FOUR (404) SQUARE METERS, more or less. All points referred to are indicated on the plan and marked on the ground as follow: All corners are ‘’BL’’ cyl. cons. mons. 15 x 60 cms. Bearing true; date of Origianl Survey October 24, 1928 and that of the preparation January 9, 2015, executed by Alexander S. Ello, Geodetic Engineer and approved on February 16, 2015.

Land Reg. Case No. LRC-C-16-MAY-004 LRA Record No. E-ORD-2017000106 You are hereby served this notice to appear before this court at its session to be held at Municipal Trial Court in Cities, Branch 1, Cagayan de Oro City, Philippines, on the 29th day of May, 2018 at 8:30 o’clock in the morning, then and there to present such claim as you may have to said land or any portion thereof and to submit evidence in support of such claim and unless you appear at said court at the time and place aforesaid, your default will be recorded and the title to the land will be adjudicated and determined in accordance with law and the evidence before the court, and thereafter you will forever be barred from contesting said application (petition) or any decree entered thereon.

Witness, the HON. CESAR A. MERLAS, Presiding Judge of said Court, on the 22nd day of August, 2017.

Issued at Quezon City, Philippines, this 27th day of February, 2018.

ATTEST:

RENATO D. BERMEJO Administrator

Land Registration Authority By:

JOEL MARI MARTIN M. BIGORNIA Chief, Docket Division BWM: April 16, 23 & 30, 2018

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Creating a Legacy of Service with IDC T he success of a nation is not only relying it’s of economic or natural resources but it relies more in the kind and quality of the wealth of its children and youth.

It is they who will be the creators and shapers our nation’s future.

For less than a decade of implementing its advocacy, Italpinas Development Corporation once again hosted community services as their monthly charity to the local community in partnership with Cagayan de Oro City Social Welfare and Development Center and Institutions Division Livelihood Program.

Last April 20, 2018, IDC visited the CSWD

Mother Theresa Center at Upper Puerto, Cagayan de Oro City. During the activity IDC shared it’s blessings with the children by conducting games, prizes and giveaways. This activity was in partnership with Damiani Property Management and Services, Inc., the official leasing and property management of IDC’s Primavera projects.

“Participating in this event had opened our eyes to what the community really needs.

The experience was a little bit tiring; however, the smiles of our co-employees especially the laughter of the children during the activity faded that away,” said Maricar Panes, IDC Sales Coordinator

IDC had been partnering with CSWD since its very first community engagement in CDO with the aim of cultivating awareness, not only to the participant but also to the community.

IDC is fully aware that the real future lies in the hands of these children.

This is in sync with the company’s goal to promote sustainable development.

And they prioritize in making sure that these young individuals will be the next builders of our community.

“Children are considered future builders of the nation. They may become doctors, engineers, scientist, teachers, politicians etc. and have to shoulder all kinds of responsibilities. They will

have to take the country on the track to progress and prosperity.” said Levi Adrian Rodrigo, IDC Graphic Designer 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.

Literide™: Croc’s newest innovation in comfort technology Korean singer Henry is “so excited for everyone to try Crocs’ newest shoe – LiteRide™.

These shoes are like magic. Super comfortable.”

Crocs, a global leader in casual footwear for men, women, and children, recently announced the worldwide debut of LiteRide™, its most innovative comfort technology to-date. Created from “equal parts science and magic,” LiteRide™, a revolutionary closed-cell material, reinforces Crocs’ dedication to comfort, delivering consumers a delightful mix of support and sink-in softness.

LiteRide™ foam, the key ingredient in a collection of the same name merges sporty, on-trend styles and silhouettes with the legendary Crocs comfort that consumers expect.

LiteRide™ foam is 40 percent softer and 25 percent lighter than Classic Croslite™ foam, the original Crocs comfort material that consumers already know and love.

For Spring/Summer 2018, the LiteRide™ Collection offers a variety of product choices designed for women and men’s athleisure lifestyle. These include the Clog, the Slide, the Sandal, the Flip, the Slip-On, the Lace, the Pacer and the Mule.

“We’re witnessing a shift from comfort being a ‘nice-to-have’ to a consumer ‘must-have,’ and we think LiteRide™ answers that call,” said Michelle Poole, Crocs Sr. Vice President of Global Product and Marketing. “In fact, our LiteRide™ comfort technology is a perfect fit for consumers who want to feel comfortable all day every day or who simply want a stylish complement to their athleisure wear.”

While Croslite remains at the heart of the brand’s comfort story, “LiteRide™ is lighter, softer and more flexible than anything we’ve

created before,” adds Poole.

“Not only does the LiteRide™ technology offer an elevated level of comfort, but the new streamlined designs deliver modern Crocs styling at its best. The bottom line: we believe in continuous innovation in order to make our consumers feel comfortable in their own shoes.”

Crocs brand ambassador Henry, a singer, songwriter and composer shares that “these shoes are like magic, super comfortable. I wore the LiteRide™ clogs for the first time at a Crocs shoot last July, and now I cannot stop wearing them! They have become my favorite for any casual occasion.”

“I am so excited for everyone to try Crocs’ newest shoe – LiteRide™, he adds.

Crocs stores are located at the ground floor in SM

City Cagayan de Oro and at the SM Store in SM CDO Downtown Premier.

About Crocs, Inc. Crocs, Inc. (Nasdaq: CROX) is a world leader in innovative casual footwear for women, men and children, combining comfort and style with a value that consumers know and love. Every pair of shoes within Crocs’ collection contains Croslite™ material, a proprietary, molded footwear technology, delivering extraordinary comfort with each step.

In 2018, Crocs reinforces its mission of “everyone comfortable in their own shoes” with the second year of its global Come As You Are™ campaign. To learn more about Crocs or Come As You Are, please visit www. crocs.com or follow @Crocs on Facebook, @crocsph on Instagram and @crocsph on Twitter.