BusinessWeek M I N DA N A O CREDIBLE
Volume XI, No. 124
AS OF 6:00 PM MAR. 30, 2021 (TUESDAY)
FOREX
X
US$1 = P 48.545
13 cents
PHISIX
X
6,545.55
62.23
YOUR MINDANAO-WIDE BUSINESS PAPER
RELIABLE
points
Briefly Breeder farm DAVAO City’s poultry and egg producers have asked the Agriculture department’s regional office to go ahead with the proposed establishment of a breeder farm in the city to ensure st able su p ply and fo o d security. “As of now we depend on hatching eggs from Luzon and other areas, and the breeder farms in Davao Region are small,” Lalaine Lillibeth A. dela Victoria, president of the Davao Poultry and Egg Producers, Inc., said. Speaking at the 22nd Davao Agri Trade E xpo Webinar Series on Biosecurity Measures and Farm Management Systems last week, Ms. Dela Victoria noted that supply has tightened recently for hatching eggs from both domestic and foreign supplies.
Positive outlook THE Philippines remains a good investment destination despite the impact of the pandemic due to the economy ’s improved fundamentals, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said. In his speech during the virtual 2nd PhilippinesSingapore Business and Investment Summit on Friday, Diokno reiterated that the economy entered the pandemic in a position of strength and the central bank has implemented several measures to lessen the pandemic’s impact on livelihoods and the economy. He said these measures, which include a total of 200 basis points reduction in the BSP’s key policy rates, up to 200 basis points cut in banks’ reserve requirement ratio, and the liquidity boost for the government through repurchase agreements and cash advances, have injected into the financial system P2 trillion in liquidity.
IN-DEPTH
P15.00
Peace seen to drive economic potentials Mon-Tue|April 5-6, 2021
www.businessweekmindanao.com
Market Indicators
We strive for Excellence!
Philippine Press Institute Civic Journalism Community Press awardee for the following: 2013 Best in Business and Economic Reporting 2014 Best in Environmental Reporting 2017 Best in Business and Economic Reporting 2018 Best in Business and Economic Reporting
Thank you for trusting us!
C
OTABATO C ity – A leading civil executive in Southern Philippines has expressed the need for long-term stability in the region so that this may pave the way for investments in fields like trade and maritime development.
This, according to lawyer Naguib Sinarimbo, spokesperson for the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM), in a recent video statement on Muslim Mindanao’s vast potentials for economic development. Initial oil exploration works are ongoing “in the Sulu Sea and the Moro Gulf, as well as in the Liguasan Marsh,” said Sinarimbo, who concurrently serves as the BARMM’s Minister of the Interior and Local Government. All three areas have been considered by multiple scientific sources as PEACE/PAGE 7
FAITH AMID A PANDEMIC. Catholic faithful pray inside the St. Augustine Metropolitan Cathedral in Cagayan de Oro City on Maundy Thursday (April 1, 2021). mindanews photo by froilan gallardo
Apo View Hotel temporarily closes due to COVID-19 By ANTONIO L. COLINA IV, MindaNews
A vendor scoops sago (tapioca pearls) at Bankerohan Market in Davao City on Maundy Thursday, 1 April 2021. Sago is one of the main ingredients of the popular Visayan delicacy binignit, which is widely prepared during Holy Week. mindanews photo
DAVAO City – Homegrown Apo View Hotel announced it would temporarily cease operations effective March 31 as the coronavirus disease (C OVID-19) p ande mic crippled the local tourism industry. Apo View Hotel’s ad on its 73rd anniversary last March 18, 2021. Photo illustration from Apo View’s Facebook page. The management of the
156-room first-class hotel said in a statement that it has decided to close its doors until further notice as the threat of COVID-19 continues to affect “every sector across the globe,” with tourism as
one of the industries which took a heavy beating due to the scourge. “It has been our pleasure to serve you and we can’t wait to open our doors and welcome you all again,” it added. CLOSES/PAGE 7
Electric coops log 2% sales growth in 2020 By MYRNA M. VELASCO, Contributor
IN spite of the demand slump ignited by the Covid-19 pandemic, the countr y’s electric cooperatives (ECs) s t i l l m a n a ge d t o p o s t 2.0-percent growth in their electricity sales last year, which was quite a feat in such
scathing times of a crisis. In data released by the Information Technology and Communication Services Department (ITCSD) of the National Electrification Administration (NEA), it was emphasized that the volume
of electricity sold by the ECs hovered at 23,622 gigawatthours last year, compared to a relatively tamer 23,127 GWh in 2019. Overall revenues of the power utilities, however, went down by 4.0-percent to P211.457 billion in 2020 SALES/PAGE 7
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776
Local 2 USAID O2 turns over laptops to DepEd C
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
MON-TUE|APRIL 5-6, 2021
AGAYAN DE ORO CITY--USAID Opportunity 2.0 recently turned-over more than 30 laptops to the Department of Education (DepEd)-10. "The USAID Opportunity 2.0 is committed to deliver the Project Goal of Strengthening secondchance opportunities to vulnerable youth to have better education, employment and livelihood," O2 Youth
BARMM targets more poor communities for housing projects COTABATO City -- Poor communities across the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) are expected to benefit from the continuing housing program implemented under the Kapayapaan sa Pamayanan (KAPYANAN) project. Abdulnasser Usman, KAPYANAN deputy project manager, said the undertaking is one
of BARMM Chief Minister Ahod B. Ebrahim’s flagship programs for the region. “The decent housing projects include solar-powered lighting facilities and water connection,” Usman told reporters here in an interview Wednesday. Also on Wednesday, construction of 50 housing units started in Barangay Damalasak, Pagalungan,
Maguindanao. On Tuesday, the KAPYANAN team led the groundbreaking ceremony for 50 units of permanent core shelters intended for indigent residents of Barangay Guinibon, Datu Abdullah Sangki, Maguindanao. Usman said each housing project costs P23 million, complete with HOUSING/PAGE 7
BALINGASAG, MISAMIS ORIENTAL National Highway Balingasag, Barangay 4, Balingasag, Misamis Oriental Mobile Number/s: 0933-823-3161, 0933-823-3304 Tel. Number: 333-5161 CAGAYAN DE ORO P&J Lim Building, Tiano Kalambagohan St., Barangay 14, Cagayan de Oro City, Misamis Oriental Tel No. (08822) 727-829 / 231-6629 Telefax No. (088) 856-1947 Mobile No. 0933-823-3303 / 0943-708-7065 CAGAYAN DE ORO WAREHOUSE Warehouse 7, Bonbon Road, Kauswagan, Cagayan de Oro City, Misamis Oriental Mobile No. 0917-825-4149 / 0943-708-7065 CARMEN, CAGAYAN DE ORO Vamenta Blvd., fronting CEPALCO, Carmen, Cagayan de Oro City, Misamis Oriental Tel. No. (088) 233-2011 Mobile No. 0933-823-3159 CORRALES, CDO Corrales Ave., Barangay 29, Cagayan de Oro City, Misamis Oriental Telefax No. (088) 231-2055
DIVISORIA, CDO A. Velez St., Barangay 9, Cagayan de Oro City, Misamis Oriental Telefax No. (088) 856-1947 Mobile No. 0917-841-4000 / 0933-823-3164 GINGOOG CITY G/F Wyne Militante Bldg., Lugod St., Barangay 22, Gingoog City, Misamis Oriental Telefax No. (088) 861-0104 Mobile No. 0933-823-3168 LAPASAN, CDO National Highway (FICCO Bldg.), Lapasan, Cagayan de Oro City, Misamis Oriental Tel. No. (088) 231-6739 Mobile No. 0933-823-3160 PUERTO, CDO Purok 6, Puerto, Cagayan de Oro City, Misamis Oriental Tel. No. (088) 859-0574 Mobile No. 0943-708-7537 CAMIGUIN B. Aranas St., Poblacion, Mambajao, Camiguin Telefax No. (088) 387-0491 Mobile No. 0943-708-7539
Development Officer Kotie R. Bax said during a recent turnover ceremony at the DEpEd-10 regional office here. "The first of the intermediate results is to strengthen the capacity of the national and local system to deliver second-chance education programs for out-of-school youth (OSY)," she stressed. USAID Opportunity 2.0 is a program supported by US Agency for International Development that aims to reach out and provide second-chance opportunities to Filipino OSYs by strengthening existing education and
workforce development systems such as the alternative learning system (ALS) of DepEd. "We look forward to working together to help the OSY realize their economic potential and find their voices as citizens,” Bax explained. She further encouraged everyone present to take advantage of what USAID Opportunity 2.0 can offer, for they want as many OSYs as possible to benefit. A total of 37 laptops were given, which are part of infrastructure support of USAID Opportunity 2.0 USAID/PAGE 7
Distance learning and other challenges in the ‘new normal’ By MARISA M. LINOG Secondary School Teacher I Macabalan National High School Macabalan, Cagayan de Oro
THE new normal has greatly changed almost all facets of life. Coronavirus (Covid-19) pandemic already claimed millions of lives with no panacea still in sight. Movements are restrained and policies changed in accord with strict quarantine protocols. Despite these, the government has vowed that education has to take its course and that learning shall remain unimpedded. The Deparment of Education (DepEd) joined other countries in introducing various strategic innovations in educational system to ensure continued education. This include the
introduction of distance learning. It involves the use of online learning platforms to bring forth instructions in the comfort of every homes where students learn under the supervision of their parents or guardians. As schools are public places where crowd is unavoidable and children are vulnerable, there is a need to strengthen policy in terms of the delivery of instruction - to provide opportunities for online learning platforms. The DepEd emphasized that it would not necessarily mean that teachers and learners will go to schools and learn inside the classrooms and devised various modalities to ensure that online learning a choice among all others in this new learning environment (DepEd, 2020). Similarly, in the higher education institutions, new normal would be virtual classrooms. The Commission on Higher Education has strengthened online platforms and blended learning such as but not limited to google classroom, messenger, zoom, edmodo, Facebook and YouTube (CHED, 2020). In addition, both adopted numerous learning delivery options such as but not limited to faceto-face, blended learnings, distance learnings, and homeschooling and other modes of delivery (CHED, 2020; DepEd, 2020). However, the problem on limited internet access and lack of gadgets hinder the effectiveness of its implementation. According to the report of Akamai (2017), the Philippines has the lowest internet connectivity in Asia. Besides, such challenges would be equity gaps, students security and safety, quality of learning compromised and poor assessment results (Winthrop, 2020). Changes on the grading system, assessment and evaluation of student’s performance have been adopted to ensure better results.
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
MON-TUE|APRIL 5-6, 2021
3
CorporateWorld
Coca-Cola PH to inoculate 10K employees, families
C
OCA-COLA Beverages Philippines, Inc. (CCBPI) has announced that it will give free vaccines against Covid-19 for its 10,000 employees and their immediate family members. CCBPI president and chief executive officer Gareth McGeown said
the firm’s initiative is in support of the government’s goal to rebuild the economy by giving Filipino workers protection against the coronavirus. “Our People-First commitment means that we are responsible for our employees and their families especially during these most challenging
times,” McGeown said in a statement Wednesday. He added that the company provides health maintenance organization coverage for its employees and their family members in its 20 manufacturing plants and 70 distribution centers and sales office. During the pandemic, CCBPI also strictly implements safety and
Parents-teachers collaboration essential in distance learning By MARISA M. LINOG Secondary School Teacher I Macabalan National High School Macabalan, Cagayan de Oro City
IF there's one good thing the pandemic has brought under the new normal of distance learning is the enhanced cooperation between teachers and parents. It has become paramount under the prevailibg circumstances. To e n h a n c e re m o t e learning methodologies, teachers should be able to reach out and strengthen relationship with parents which is integral in the new learning process. Pedagogical research puts effective communication as essential for building school-family partnerships. It constitutes the foundation for all other forms of family involvement in education. The manner in which
schools communicate and interact with parents affects the extent and quality of parents' home involvement with their children's learning. For example, schools that communicate bad news about student performance more often than recognizing students' excellence will discourage parent involvement by making parents feel they cannot effectively help their children. Parents als o b enef it from being involved in their children's education by getting ideas from school on how to help and support their children, and by learning more about the school's academic program and how it works.
Perhaps most important, parents benefit by becoming more confident about the value of their school involvement. Parents develop a greater appreciation for the important role they play in their children's education. Research shows that parental involvement can free teachers to focus more on the task of teaching children. Also, by having more contact with parents, teachers learn more about students' needs and home environment, which is information they can apply toward better meeting those needs. Parents who are involved tend to have a more positive view of teachers, which results in improved teacher morale.
sanitation standards to avoid the spread of Covid-19 in the workplace. McGeown said the company has allocated P2 billion as assistance for its employees amid the global
health and economic crisis. “Our biggest achievement is that we did not have to let anyone go because of the pandemic,” he said. “Creating and championing a people-
centric culture is not the job of one person alone. Every single person in the organization made this possible, a shared responsibility among the company’s 10,000 employees.” (PR)
Century Pacific nets P3.9-B in 2020; enters refrigerated food CENTURY Pacific Food, Inc. (CNPF), one of the country’s leading branded food companies, booked a 24-percent increase in net income to PHP3.9 billion last year even amid the pandemic. Its consolidated revenues also grew by 19 percent to PHP48.3 billion in 2020, driven primarily by the outperformance of the Branded business with sales rising by 25 percent versus the same period last year. “We saw robust demand for our branded products all throughout 2020 –beginning with a strong pre-Covid-19 performance, followed by pandemic-related demand spikes, then sustained growth to wrap up the year due largely to the essentials and staples nature of our portfolio,” CNPF executive chairman
Christopher Po said in a statement Wednesday. The Branded business -composed primarily of the Marine, Meat, and Milk business units– remains to be majority of the company’s overall sales representing 81 percent of total topline. The balance of CNPF’s 19 percent of sales is accounted for by its commodity-linked original equipment manufacturer (OEM) export business, which saw topline decline 1 percent year-on-year as a result of softer commodity prices, reallocation of capacity to domestic requirements, and a stronger peso. It, however, continued to contribute positively to the company’s net income and cash flows. “Amidst the uncertainties of 2020, our strong position allowed
us to focus primarily on the future --improving our digital capabilities, increasing capacities across our value chain, and building up a robust pipeline of innovative and new products. Over the next 12 to 18 months, we look forward to releasing these to market as we persist in our mission of providing affordable nutrition to the Filipino population,” Po said. CNPF has previously disclosed a double-digit topline and bottomline growth target for this year despite a high 2020 base and continued uncertainty around the Covid-19 pandemic. The growth target is due largely to resilient demand for the company’s core branded products, recovery in its OEM export business, and FOOD/PAGE 7
4
Opinion
The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463-826-272-000 – VAT. Reg., and with Business Permit No. 2020-04015. Tel. Nos.: (088)856-3344, (088) 810-100, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com
BUSINESSWEEK MINDANAO CORPORATION Publisher DANTE M. SUDARIA President/CEO ALLAN MARIO MEDIANTE Vice President for Corporate Affairs RUFINO T. MAGBANUA Vice President for Business Development VICENTE C. DELA VICTORIA Vice President for Operations JOE FELICILDA Vice President for Administration JOE PALABAO Vice President for Marketing ROSE MARY D. SUDARIA, PhD Vice President for Finance MIKE BAÑOS Vice President for Digital
NELSON CONSTANTINO Editor-in-Chief
MIKE BAÑOS
Regional Editor - Caraga
MIKE BAÑOS Contributing Editors
ATTY. ANTONIO S. SORIANO
JOE PALABAO
Feature Editor
Cell No: 09352379999
Juni Law Office Cruz Taal St., CDO Legal Counsel
RIVA FELICILDA Advertising
MANILA OFFICE: 9th Floor, Unit 918, CityLand Herrera VA Rufino Cor. Valero St., Salcedo Village, Makati City Tel. # : 5555392,Cell Nos.: 0955-366-5968 | 0918-527-5898 CECILIA FRESNIDO-HONRADE - New Marketing Manager DAVAO MARKETING OFFICE Door 223, Doña Segunda Bldg., CM Recto Ave., Davao City Telephone #: (082) 298-8815 Regional Mktg Manager-JOE PALABAO- 0926-8430152 Circulation-JOHN PAUL AQUINO, 0907-331-5640
Member: Philippine Press Institute Oro Chamber
Raging bull Think a minute...The worst shooting massacre in America’s history took place on the campus of Virginia Tech University. A student named Cho Seung-Hui went on a shooting spree killing 32 people before committing suicide. Cho was a South Korean who moved to America at age eight. As a child he was quiet and well-behaved. In school Cho was excellent at math and most of his other subjects. He was well liked by his teachers who told the other students that Cho was a good example to follow. He was seen as a smart boy and even quite popular with the girls. Sadly, this all changed for Cho in middle school and high school where almost every day he was teased and tormented for being shy and speaking English differently. This constant shaming of Cho by the other students became so painful that finally he refused to speak at all around other people. Every day he was either alone or bullied by other kids. Finally, Cho’s parents
THINK A MINUTE
JHAN TIAFAU HURST took him to a youth club hoping this might help him. Unfortunately, kids made fun of him there t o o. Fu r t h e r m o r e , t h e adult leader of the group noticed that Cho might be developing some mental problems, so he encouraged Cho’s parents to take him to a doctor. But sadly, they did not do it. Cho’s aunt in Korea became increasingly concerned as she heard his parents frequently talk about his older sister but almost never mention Cho. After years of b eing bullied and abused by other students, Cho became like a wounded, raging bull wanting to destroy everyone BULL/PAGE 7
surge of Covid 19 variants. The re cent spi ke of attacks against Asians in the US has gave rise to the #StopAsianHate, a campaign that hopes to send a strong message to President Joe Biden — fix your country, or else..... Over time, it appears that there was no attempt to change the evil hearts of white racists. In fact, American racists are on the run now, more than ever, and act as they pleased, anywhere and everywhere to the extent that our national leaders like Sen. Manny Pacquio had reacted and
challenged those evils on the streets of New York to fight him upfront. Racists are everywhere — lynching, looting, burning and worse, mauling innocent Blacks and Asians no end. They murder and rape, threaten and intimidate, and bully those who do not belong to their color. Hence the rise of racial discrimination in America seems unstoppable like the continuing surge of Covid 19 pandemic. Their hate thinking redounds that white might is right, and that black and asian people are third world
UNRUFFLED
RUFFY MAGBANUA citizens, and has no right to live in America. What’s happening to your country, Joe? (ruffy44_ph2000@yahoo. com)
Vaccinated against Covid-19? Quarantine is cut down to 7 days NUTS & BOLTS
ATTY. MARIO T. JUNI
Layout Artist
UPTOWN, Cagayan de Oro —There is now a wave of hate campaign across America, the latest of which was the mauling of a fellow Filipino compatriot in suburban New York. The systemic racism towards black and Asian people in the United States was shocking in its brutality. While all countries are facing the twin threats of the deadly coronavirus pandemic and sharp economic downturns, the U.S. finds itself with a multitude of domestic worries under the Biden presidency — social unrests amid the alarming
2f, ICS Building Tel.No.: 881-0176 Tiano cor. Montalvan sts. Legal Counsel
CLIFFORD SANTILLAN
MON-TUE|APRIL 5-6, 2021
What's happening to your country, Joe?
JUN AYENSA
Motoring Editor
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
JEROME DE LA FUENTE
Travellers who are vaccinated against Covid-19 can now undergo a reduced quarantine period of 7 days upon entering Thailand. The new, shorter quarantine period goes in effect today in Phuket, Krabi, Phang-nga, Chiang Mai, and Pattaya. Those who are not vaccinated must quarantine for 10 days, which ends up being 11 nights, while those from countries with
mutated strains of the virus, mostly African countries, must quarantine for 14 days or 15 nights. To be eligible for the cutdown quarantine, travellers need to be inoculated with a vaccine that is approved b y t h e Wo r l d H e a l t h Organisation or the Ministry of Public Health. They must have 2 doses of the vaccine, with the exception of the jab produced by Johnson & Johnson which only requires 1 dose. The following vaccines are approved: • AZD1222 by AstraZeneca/Oxford University (2 doses) • ARS-CoV-2 (CoronaVac) by Sinovac (2 doses) • N T 1 6 2 b 2 / C ORMIRNAT Y – Tozinameran by Pfizer/ BioNTech (2 doses)
• Covishield (ChAdOx1_ nC oV19) by the Serum Institute of India (2 doses) • Ad26.COV2.S by the Janssen Pharmaceutical Companies of Johnson & Johnson (1 dose) • mRNA-1273 by Moderna (2 doses) What you need to enter Thailand: • Vaccine certificate, either a print out or the original document (Only for vaccinated travellers) • Certificate of Entry issued by the Royal Thai Embassy • Covid-19 health insurance with a minimum coverage of $100,000 USD • Booking confirmation for an Alternative State Quarantine (ASQ) hotel • Negative Covid-19 test issued no more than 72 hours before departure Un d e r t h e 7 d ay
quarantine, travellers are still required to undergo Covid-19 testing before being released. Those on a 10 day quarantine will be tested twice and those on a 14 day quarantine will be tested 3 times. The reduced quarantine is the first phase of Thailand’s 4-part plan for reopening. For the second phase, starting July 1, foreign tourists who have been vaccinated against Covid-19 will be able to travel to Phuket without undergoing quarantine. In the third phase, set for October 1, quarantine will be waived for vaccinated travellers arriving to Phuket, Krabi, Phang-nga, Chiang Mai an d Patt ay a f rom overseas. Thailand will be fully open to travellers who are vaccianted against Covid-19 starting January 1, 2022.
Always in the context of victory I MEAN the victor y of Christ's redemptive mission that takes care of everything in our life, no matter how things turn out to be. All our affairs, whether they are considered a success or a failure, done in the proper way or in the wrong way, etc., should be referred to the victory of Christ. In that way, all our affairs can take part in the victory of Christ over sin and death that in the end is what truly matters in our life. Thus, we would have every reason to be happy and hopeful and to remain calm despite whatever. This is actually the ideal condition of our life, and we should try our best to attain it. In that way also, we can be in a better position to see God’s will better, and to follow it properly. As we all know, we work or perform better when we feel light and animated by love, without as much as possible bearing the drag of a guilt feeling or anything negative.
Of course, we have to understand that Christ’s victory was gained through the cross, through his loving obedience to the will of his Father who wants him to assume all the sins of men, rendering death to all our sins by dying on the cross and then by resurrecting. It’s important that we learn to assume the mind of Christ in everything that we do. Especially when we commit mistakes or even commit grave sins, if we have the mind of Christ, we would know how to repent and how to rid ourselves of bad feelings to regain the peace and joy that are proper to us as children of God. And when we succeed in something, we also would know how to react properly if we assume the mind of Christ. We would be most thankful, and our joy would never make us proud and vain. In fact, what would happen is that we would be more motivated to do more
good things, breaking new frontiers in the area of loving God and loving others. To b e a b l e t o re f e r everything in our life to the victory of Christ would definitely require some effort on our part. First we would really ask for God’s grace which we can do if our faith is strong and healthy. Then we have to go through the human process of learning. I t ’s a s t e p - b y - s t e p process, slow and kind of arduous especially at the beginning. But if we persist, things would just pick up, and voila!, referring things to Christ’s victory becomes an instinct. This skill is most needed t he s e d ay s w he n many people are sinking in sadness and depression because they do not know how to cope with the many challenges and difficulties of our times. Let’s hope that we can have many people who can inspire and impart this skill on others. To be sure, this is
HINTS AND TRACES
ROY CIMAGALA not merely a psychological trick or device. It’s what our faith is telling us. Christ himself said so. “Come to me, all you who are weary and burdened, and I will give you rest. Take my yoke upon you and learn from me, for I am gentle and humble in heart, and you will find rest for your souls.” (Mt 11,28-29) But for all that, let’s learn to carr y the cross with Christ, because only then can we share in his victory. Email: roycimagala@ gmail.com
LIKE US ON FACEBOOK!
https://www.facebook.com/BusinessWeek.Mindanao
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
MON-TUE|APRIL 5-6, 2021
Banking&Finance
Bangko Sentral eyes March inflation between 4.2-5% T HE Bangko Sentral ng Pilipinas (BSP) forecasts inflation in March to range between 4.2 to 5 percent, with the point inflation seen at 4.6 percent. The projected point inflation for the month is lower than the 4.7 percent rate of price increases last February. In a Viber message to
journalists Wednesday, BSP Governor Benjamin Diokno said among the factors for this month’s inflation projection are lower power rates in areas being serviced by the Manila Electric Company (Meralco), and “lower prices of key food items due to supply conditions and the continued implementation of price caps on meat products.”
He, however, cited the rise in oil prices and the weakening of the peso as offsetting factors. “Moving forward, the BSP will continue to monitor evolving economic and financial conditions to ensure that the monetary policy stance remains consistent with the BSP’s price stability mandate,” he added.
Inflation has been on the rise since the last quarter of 2020 due to supply constraints on several food items like meat, which is caused by the African swine fever (ASF) and the spike in global oil prices. Monetary authorities project the elevated inflation to last until the third quarter of this year. (PNA)
Central bank, ADB to conduct gender-based study of MSMEs THE CENTRAL Bank has teamed up with various institutions for a study on small businesses with a gender lens to look into boosting lending to the micro-, small-, and medium-sized enterprises (MSMEs). The project will be carried out with the Asian Development Bank (ADB) and with support from JPMorgan, the Bangko Sentral ng Pilipinas (BSP) said in a statement on Tuesday. The study will be a maiden nationallevel report on issues, challenges, and opportunities for businesses owned by women from a demandside perspective. Its
results are expected to be ready by the fourth quarter. “When we support women’s access to finance, we enable the MSME sector to achieve its full potential as a driver of inclusive economic growth in the country,” BSP Governor Benjamin E. Diokno said in the statement. “The MSME DemandSide Survey is thus an important initiative toward building a deeper understanding of the sector to support evidence-based policy making and provide valuable market insights for financial service providers to strategically serve the MSMEs,” he
added. The survey will also gauge key characteristics of small businesses, their access and use of financial products including digital ones, and the impact of COVID-19 on their operations. “This survey represents an important step towards informing the path forward to not only increase access to financial services but also to ensure they are best meeting the needs of MSMEs and women across sectors and regions of the Philippines,” ADB senior finance specialist Kelly Hattel said. To encourage lending to MSMEs, the central bank has also started
INDAHAG National High School conducts massive home visitation to Muslim students from Putaon, Kalilangan Bukidnon EVALYN M. CALANGI, PhD School Head Indahag National HS
Indahag National High School teachers reached out to their Muslim students from Putaon, Kalilangan ,Bukidnon on March 6, 2021. The teachers headed by the school principal Doc. Evalyn M. Calangi, together with the Asst. to the school principal Love C. Mandawe were warmly welcomed by the community .The said activity aimed to strengthen the partnership between parents and the school through conducting orientation of the new normal assessment and academic status of their students. There were more than 150 students from Putaon, Kalilangan, Bukidnon who were taken cared by Ptr. Lim and Nam Soo Lim, a Korean missionary couple who dedicated themselves in helping these Muslim students to be educated. During this massive home visit, students were gathered at Putaon Academy together with their parents. Before the orientation started, Ptr. Lim shared biblical verses and shared insights to the students and parents. One of the most touching part of the visit was when Sultan Ma-Amir Cabasaran, the leader of the Muslim community
in Bukidnon, attended the orientation and gave his warm welcome to all the teachers. He emphasized in his message the importance of education and how it could change the lives of their Muslim students in the future. The school principal, Doc. Evalyn M. Calangi expressed her gratitude of the warm welcome and hospitality of the community to all the teachers of INHS. After the said orientation and meeting with the students, Milagracia Bernadas, the G9 adviser distributed seeds to the parents. These seeds came from the partner agency the Department of Agriculture. This initiative aimed to help each student’s families to have variation of vegetables/ crops since their only crop is sweet potato. Parents and students were very happy to accept the seeds and extended their thanks to all the people who made the visit possible and fruitful. The one day visit made the students and community from Putaon, Kalilangan Bukidnon hopeful and positive that they will successfully finish this school year 2020-2021 with the help of their concerned INHS teachers.
a credit risk database project on the sector in partnership with the Japan International Cooperation Agency. STUDY/PAGE 6
5
Targeted spending crucial to economic recovery GOVERNMENTS, including those of the Association of Southeast Asian Nations (Asean), need more targeted spending to boost the recovery of their economies from the pandemic. Li Lian Ong, ASEAN+3 Macroeconomic Research Office (AMRO) group head and lead specialist, said the greater focus should be on “the segments that will drive and sustain growth going forward”, among others. “They need to avoid artificially supporting firms that are no longer economically viable… an alternative is to provide support to workers while they upskill to meet demand in the other more
in-demand sectors,” she said in a virtual briefing during the release of the Asean+3 Regional Economic Outlook (AREO) Wednesday. In her presentation, Ong said economic recovery remains shrouded by uncertainties because of pandemic-related risks. AMRO projects a 6.7-percent growth for ASEAN+3, which comprises 10-member bloc Brunei Darussalam, Cambodia, Indonesia, Lao People’s Democratic Republic, Malaysia, Myanmar, the Philippines, Singapore, Thailand, and Vietnam plus China, Japan, and Korea, this year. However, it forecasts a growth moderation to 4.9 CRUCIAL/PAGE 6
The innovative teachers By MARISA M. LINOG Secondary School Teacher I Macabalan National High School Macabalan, Cagayan de Oro
THE introduction of the modular distance learning amid the pandemic has caught teachers offguard. No program could have prepared any teachers for this. The Covid-19 pandemic has forced children to stay at home and for the education department to come up with methods to deliver lessons to them as discussions and lengthy lectures conducted in classrooms are no longer the norm in this situation. However, in distance or online learning, the children's attention is
divided into their classes, to their classmates, and their mobile gadgets. Wh i l e te a che rs are still adjusting to the "new normal" of teaching, this doesn't mean they cannot provide the quality education the students needed. By being not only a provider of educational content but also a master curator of learning resources, teachers are designing efficient and effective learning activities for the continuous engagement of students
by tapping legitimate online tools and resources. The teachers need to ask questions from time to time to students randomly to enliven the entire class as students would be motivated to think on the spot and at the same time gain their focus to their class rather than the distractions surrounding them at their homes. The use of interactive graphics or visuals stimulates the learning process facilitating higherorder thinking and sustain the interest of students.
RC KALAYAAN INTERNATIONAL DISTRICT # 3870 STRIKES UPPER TIGNAPOLOAN ELEMENTARY SCHOOL By: EDELYN J. HIDALGO, Teacher I
“At the heart of effective technolog y integration, technology offers opportunities to be more actively involved in the learning experience.” Vanessa Vega Up p e r T i g n ap o l o a n Elementary School was one of the school in the hinterland where there are number of learners who also longed to have television on their own. For them television is one of the things that make them feel happy, lively and make them be aware of what is happening and going on. Television is considered also to be the means of spreading education, it brings us some information of events taking place in far – off places. It was so timely that last February 6, 2021 the Rotary Club of Kalayaan International District # 3870 was unstoppable to unleashed support under the leadership of present rotary President Dale Borja Lagonera with the IPP Elaine B. Sadava, PP Ma. Virginia D. Rojas, and District Governor Rogelio “ Bong
“ A. Buot Jr. have touched the lives of the learners. The Rotary have believed, lived and stand to the Four –Way Test: Is it the TRUTH? Is it FAIR to all concerned? Will it build GOODWIIL and BETTER FRIENDSHIPS? And will it be BENEFICIAL to all concerned? With the open heart that they had they donated a 43’’ Led TV. At this point it also leads to the technology advancement of teaching learning process and strong partnership of stakeholder engagement. This simply showed that the organization aligned their activities to R.A. # 10533 the Enhance Education Governance Act of 2013 in making education more
relevant and meaningful that drives to quality education. In an age where everything and ever yone is linked through networks of glass and air, no one – no business, organization, government agency, country is an island. We need to do right by all our stakeholders, and that’s how you create value for shareholders. And one thing is for sure – no organization can succeed in a world that is failing. (Don Tapscott) Our utmost gratitude to the Rotary Club of Kalayaan International District # 3870 for sharing also their blessings to our learners. Hence, we are encouraging stakeholders to support Upper Tignapoloan Elementary School.
6
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
MON-TUE|APRIL 5-6, 2021
CDO vet, DA-10 call for responsible pet ownership to eradicate rabies CAGAYAN DE ORO CITY-The Cagayan de Oro City Veterinary Office (CDO-City Vet Office) and Department of Agriculture (DA)-10 urged strong responsible pet ownership as they reaffirmed their commitment in the mitigation and eradication of rabies in northern Mindanao. This, in pursuance of the National Rabies Prevention and Control Program (NRPCP) and the ultimate goal of ending dog mediated rabies deaths among Filipinos
by 2027, and a rabies-free Philippines by 2030. Aside from government initiatives, both offices agreed that the key to ending rabies in the country starts at a household level and discipline among pet owners, from the provision of proper shelter, food, and training of their pets and down to its medical needs. In an interview during Talakayan sa PIA, March 31, Dr. Lucien Anthony Acac, head of the CDO-City
Veterinary Office shared that before an individual decides to raise a pet, they must discern on why they want it in the first place and must have strong conviction towards raising it, as it is a lifetime commitment. “Dogs are considered as man’s best friend, just like people, they have feelings too, although they can’t talk, but they can feel happiness, sadness, love, and pain,” he said. Meanwhile, despite the retardation of government
services and programs due to COVID-19, Dr. Oryza Kristy B. Baylo of the Department of Agriculture (DA-RFO) Agriculture Integrated Laboratory Division, reiterated that their initiatives for the NRPCP have persevered through their walk-in and house to house services. “We are continuing our program on rabies control in region-10, but admittedly due to COVID-19 there has been a decline in our activities in observance of health protocols such as the stopping of mass vaccination programs,” she added. According to Baylo, they have observed a decrease of
rabies samples submission in their laboratories due to travel restrictions but noted that the majority of the samples brought in their laboratory have still turned out ‘positive’. Acac also echoed Baylo’s findings, disclosing that their set schedule for 2020 and 2021 for mass rabies vaccination activities in barangays were set aside in compliance with COVID-19 health protocols, due to this, their office also opted for house to house visits and walk-in clients as a means to provide rabies vaccination services in the city. To counter a potential spike, both offices bolstered their information campaigns on rabies education, proper
pet care from birth to death, and other pet-health related campaigns to inform pet owners of their new service system alongside working with local government units (LGUs) in conducting digital promotions such as online contests to raise awareness. In addition to rabies vaccination, the CDO-City Vet Office also offers deworming, consultations, and medicines for pet owners in the city. For interested clients, their office can be contacted at (088) 857 2185. Rabies Awareness month is held every March in consonance with Executive Order No. 84, s. 1999. (VPSB/ PIA10)
Study...
acceleration to 7.9 percent next year. Ong said pandemic-related risks are important to be looked into in the short-term because “we cannot really see the economic recovery until the virus is under control.” “So what is going to be important now is targeted containment that is decisive, effective, and proactive,” she added. During the same briefing, Marthe Memoracion Hinojales, AMRO economist and AREO lead author, forecasts global value chains (GVCs) to focus more “on resilience and not just efficiency,” which she said, “is a prime characteristic of
GVCs until we were hit by back-to-back shocks.” She projects the ASEAN+3 to be a prime destination of GVCs post-pandemic because of improvements in the infrastructure and labor sectors. “It (Asean+3) is a good candidate for those seeking to diversify for resilience,” she added. Along with the geographical part of this issue is the importance of technology and its overall stake in the value chain. “Users have become comfortable with the technolog y that was accelerated by the pandemic,” she added. (PNA)
from page 5
RABIES AWARENESS 2021. The Cagayan de Oro City Veterinary Office (CDO-City Vet Office) and Department of Agriculture (DA)-10 reaffirms its commitment in the eradication of rabies in Northern Mindanao as it adapts strategies on the continuance of their programs in the midst of the COVID-19 pandemic and African Swine Flu (ASF) outbreak during Talakayan sa PIA. (VPSB/PIA10)
The BSP is li ke wis e exploring collaborations on financing that will ease collateral requirements of MSMEs that belong to larger supply chains. Data from the Department of Trade and Industry showed MSMEs make up about 99% or roughly one million of registered businesses in 2018.
Crucial... from page 5
percent in 2022. For one, AMRO sees a 6.9-percent growth for the Philippine economy this year but it projects further growth
Hazing in schools By MARISA M. LINOG Secondary School Teacher I Macabalan National High School Macabalan, Cagayan de Oro
If interested, contact:
DANICA SUDARIA
dannycarosesudaria0512@gmail.com 0936-046-2356
HAZING in schools has brought more violence than good. Just recently, it claimed the life of a Kagay-anon PMA Cadet Fourth Class Darwin Dormitorio in the hands of his upperclass cadets. While our society is already used to daily street violence, his death came as a shock. This is because it was senseless. Initiations, as what they call it, is a phisically and mentally brutal test of one's fitness fraternal brotherhood. Full of dreams to be of service to his country, the young Dormitorio had his fate sealed by the violent rites that not only existing in the PMA and other big universities, but also in many elementary and secondary schools in this country. Sadly, school fraternities in the country have gained notoriety for their violent h a z i n g r it e s , t h rou g h which young men gain approval from their more senior brethren and full membership to an exclusive circle.
These elitist organizations deride those who refuse to join them as “barbarians,” which in reality is a supreme irony. Barbarian is the most appropriate word to describe what happens during a fraternity’s hazing rites. The question arises: Why does hazing exists? Is there any way to prohibit violent initiations inside campuses? Many points to Republic Act (RA) 8049, or the AntiHazing Law, as the law that could end this culture of violence. But hey, the law itself is inappropriately named because it does not really ban hazing, but only regulates it. In the law, hazing is defined as “an initiation rite or practice as a prerequisite for admission into membership in a fraternity, sorority or organization by placing the recruit, neophyte or applicant in s ome embar rassing or humiliating situations, such as forcing him to do menial, silly, foolish and other similar tasks or activities or otherwise subjecting him to physical or psychological
suffering or injury.” Hazing, “physical or psychological suffering or injury” included, is allowed, provided school authorities or heads of organizations are informed seven days before initiation rites are held. Section 4, pertaining to penalties, is ridiculous; the severity of sanctions depend on the degree of physical harm, when there should be zero injury to any neophyte undergoing any form of initiation. The law is so weak f r ate r nit i e s and ot he r s tu d e nt or g an i z at i on s continue to hold hazing r ite s , s om e t i m e s ke pt under wraps from school administrators. The lack of justice in nearly all hazing cases necessitates a complete overhaul of RA 8049. If they cannot be restricted to academic and philanthropic pursuits, fraternities and similar organizations should be banned from all campuses. Any form of hazing should likewise be banned, not merely regulated by school authorities.
7
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
MON-TUE|APRIL 5-6, 2021
Housing...
Closes...
solar-powered lights and community water facilities. Si nc e t he p and e m i c restrictions that started in March last year, Usman said several groundbreaking ceremonies for KAPYANAN projects for the other BARMM provinces of Lanao del Sur, Basilan, Sulu, and Tawi-Tawi had been delayed. “Due to the emergence of the virus, the implementation of the housing projects were momentarily halted,” he said, adding that the projects would soon resume. He added that some challenges included construction bidding and donation of land property which caused further delays in the actual fulfillment of the projects. Usman said that the ap p r o v e d t a r g e t a r e a s for housing projects in 2019 totaled 2,630 with Maguindanao having 1,130 core shelters, 1,000 for Lanao del Sur, and 500 for TawiTawi. “Besides, for the year 2020, a total of 5,000 approved core shelters were to be built equally for all five provinces of Maguindanao, Lanao del Sur, Basilan, Sulu, and TawiTawi,” he said. E a c h K A P YA N A N housing unit has a floor area of 36 square meters with two bedrooms, living, dining, and kitchen areas. The housing projects are expected for completion this year. (PNA)
During her program over Davao City Disaster Radio (DCDR 87.5) last Monday, Mayor Sara Duterte expressed sadness over the closure of the hotel and hoped it would reopen after the pandemic. “We are sad that Apo View is closing. We hope after the pandemic they will think of investing and reopening in the city,” she said. The Apo View Hotel opened in 1948 as a 15-room lodging facility. It survived the civil unrest in the city in the 1970s, and expanded to 100 rooms in 1978. The iconic hotel was rebuilt after it was destroyed by fire in 1988. On June 15, 2020, the 22-year-old five-star Marco Polo Davao ceased operations due to COVID-19.
2018 by President Duterte. This effectively laid the ground for the rebuilding of institutional structures for civil governance. Yet, the transition from war to peace has not been easy, given the demands of bureaucracy. A source, who requested anonymity, said, “building the capability to effectively govern takes time. It is a tight balancing act given the challenges of pursuing equitable development in the region.” To date, both Muslim and Christian leaders in the Congress, academe, Church, and grassroots organizations are united in calling for an extension of the transition period from the old to the new autonomous government. Over a million signatures in support of the call have so far been gathered online.
from page 1
from page 1
from page 2
USAID... from page 2
to their partners such as DepEd. DepEd-10 Regional Director Arturo B. Bayocot expressed his gratefulness to USAID Opportunity 2.0 for the generosity. He said that the given laptops will be of great help in the implementation of Alternative Learning System. "Education is one of the badly hit sectors by the pandemic," Regional DepEd-10 Director Arturo B. Bayocot said during his acceptance speech. He also talked about the importance of partnership and how it has been an important subject in overcoming the challenges of time. For his part, regional focal for ALS Ray Butch D. Mahinay said that ALS implementers received a very good blessing from USAID Opportunity 2.0, adding "they have been waiting for the laptops since the prior year, for these laptops will help them further their capability to be good implementers in their own communities. The laptops will be used in crafting educational materials and in the delivery of lessons to ALS students." Alternative Learning System or DepEd-ALS is a parallel learning system that provides a practical option to the existing formal instruction and dubbed "a second-chance to develop the human capital of OSYs and adults in the country. (IJBD/PIA10)
from page 1
Peace...
“resource-rich” in terms of maritime as well as mineral assets. “These resources can actually be exploited and de velop e d and b e come beneficial to the constituents of the region as well as the world,” he said. He, however, added that “what we need is, of course, a stable peace and security in the region so that we can exploit all of these potentials.” He said BARMM “sits strategically in the South China Sea and the Pacific through which a substantial volume of cargo passes through.” These cargoes may come from nearby Australia and proceeding to China, he said, or China-made products finding their way to Europe. Whatever the origin or destination and given the right infrastructure and polic y support, he added, more of these goods should pass through the internationally-recognized Sibutu Strait off Tawi-Tawi. Civil and military sources in 2019 estimated that the Sibutu Strait, which lies between the Sulu Archipelago and Indonesia’s Borneo, was host to some $51 billion worth of sea cargo every year. “This can be exploited through the development of a logistics hub not just for this region but for the country. So this offers a lot of potentials,” Sinarimbo said. A Bangsamoro Organic Law was signed into law in
Sales...
versus a heftier P221.359 billion in the prior year. “The 4.0-percent dip in total revenues of the ECs was due to measures implemented by the power utilities, such as extending the grace periods for bill payments,” NEA explained. The agency further noted that sales outcome in the first quarter was still bullish with 3.0-percent growth; but there was precipitous slide in the second quarter because that was the period when the toughest pandemic-induced lockdowns were enforced in the country. “Energ y sales for the second quarter showed a 4.0-percent decline from 2019 due to the imposition of community quarantines to c u r b t he s pre a d of Covid-19 in the country,” the electrification agency pointed out. Onward to third quarter la s t ye a r, energ y s a le s gained traction anew with 3.0-percent growth; while a brisk performance with 7.0-percent growth had been turned in by the ECs in the fourth quarter. On the revenues, NEA indicated that first quarter top line had already been lower by 2 .0 -percent , primarily due to the impact of the Taal volcano eruption; and the initial disruption precipitated by the pandemic in the initial months. T he most severe h it on the revenues though happened in the second quarter with a double-digit
Kagay-an Festival 1st Oro Lechoneros Encuentro Champion
for Orders, Contact Yoyong:
09354145759 09169249371
drop of 12-percent; but that was somehow trimmed to 4.0percent in t he t hird quarter. In the last quarter, top line result for the ECs had been marginally up with 1.0-percent growth to P53.356 billion; as against P52.831 billion within comparative period in 2019. Despite relatively dismal financial performance last year, the ECs noted that they still opted to extend payment extensions to ease off consumers’ cost burdens brought about by the health crisis. (MMV)
Food... from page 3
increased contribution from new products and emerging categories. Starting April 1 this year, the emerging categories will include refrigerated food EXTRAJUDICIAL SETTLEMENT OVER A PARCELS OF LAND AMONG HEIRS KNOW ALL MEN BY THESES PRESENTS: That the late JEREMIAS L. EGUIA who died on December 27, 2020 at Cagayan de Oro City, and died without any will at the time of his death left a certain parcel of land with Transfer Certificate of Title No. 136-2015000309 situated in Poblacion, Opol, Misamis Oriental, Island of Mindanao, containing an area of EIGHT HUNDRED SEVENTEEN (817) SQUARE METERS, more or less, 2) Transfer Certificate of Title No. 136-2015000308 situated in Poblacion, opol, Misamis Oriental, Island of Mindanao, containing an area of TWO HUNDRED SIXTY SEVEN (267) SQUARE METERS, more or less, 3) Transfer Certificate of Title No. T-55722 situated in Brgy. Igpit, Municipality of Opol, Province of Misamis Oriental, containing an area of TWO HUNDRED THIRTY THREE (233) SQUARE METERS, more or less, 4) Transfer Certificate of Title No. T-26835 situated in the Barrio of Lapasan, City of Cagayan de Oro City, Island of Mindanao, containing an area of THREE HUNDRED NINETY EIGHT (398) SQUARE METERS, more or less, 5) Transfer Certificate of Title No. C-9804 situated at Panabol, Kinoguitan, Misamis Oriental, containing an area of TWO THOUSAND SIX HUNDRED THIRTY FIVE (2,635) SQUARE METERS, more or less, 6) Transfer Certificate of Title No. T-188495 situated in the Barrio of Gusa, City of Cagayan de Oro City, Province of Misamis Oriental, Island of Mindanao, containing an area of EIGHT HUNDRED TWENTY NINE (829) SQUARE METERS, more or less, and has been the subject of an EXTRAJUDICIAL SETTLEMENT OVER A PARCELS OF LAND AMONG HEIRS, filed by the heirs of JEREMIAS L. EGUIA, per DOC #137; PAGE #27; BOOK #51; Series of 2021 under the Notarial Registry of ATTY. EDGARDO Y. RAAGAS. BWM: Mar. 22, 29 & Apr.5, 2021
following the company’s acquisition of Pacific Meat Company, Inc. (PMCI) -an emerging player in the large refrigerated food category. PMCI, a fellow subsidiary of CNPF’s parent company, comes equipped with its own manufacturing facilities, cold chain distribution, and a robust innovation pipeline of refrigerated better-for-you products. It i s e x p e c te d to provide CNPF with growth opportunities in a major segment of the food market. “We are l o o k i n g at refrigerated food as another platform for growth and look forward to bringing in PMCI as it has now hit scale and built out a pipeline of new products that will DEED OF CONFIRMATION OF SALE KNOW ALL MEN BY THESE PRESENTS: That the late ANTONIO BANIEL SR., who died intestate on January 2, 2002, in Tagoloan, Misamis Oriental, that during the lifetime of our parents he sold (1) parcel of land with Tax Declaration No. 08-14-0001-01112 situated in Poblacion, tagoloan, Misamis Oriental, containing an area of TWO HUNDRED EIGHTY NINE (289) square meters, and has been the subject of an DEED OF CONFIRMATION OF SALE, filed by the heirs of ANTONIO BANIEL SR., in favor of EFFIE S. GADAGA, per DOC #300; PAGE #60; BOOK #19; Series of 2021 under the Notarial Registry of ALMIRA BOLUNGAITA VALDEZ. BWM: Mar. 29, Apr. 5 & 12, 2021
EXTRAJUDICIAL SETTLEMENT BETWEEN HEIRS WITH SALE KNOW ALL MEN BY THESE PRESENTS: That the late CEFERINO MANAGING TUMAPON who died intestate on November 24, 2002 in Corrales, Jasaan, Misamis Oriental, who died intestate without leaving any last Will or Testament, and without any outstanding debt, at the time of his death left a parcel of land with Tax Declaration No. 0813000105012 situated in Poblacion 1 Villanueva, Misamis Oriental, Containing an area of ONE HUNDRED SIXTY EIGHT (168) square meters, that the parties hereto with full civil capacity to contarct, hereby these presents as heirs/ vendors agree to sell and alienate the SEVENTY SEVEN (77) SQUARE METERS, more or less and they hereby undertake to convey, cede, sell and transfer the ownership thereof to EFFIE S. GADAGA, and has been the subject of an EXTRAJUDICIAL SETTLEMENT BETWEEN HEIRS WITH SALE, filed by the heirs of CEFERINO MANAGING TUMAPON, per DOC #144; PAGE #29; BOOK #20; Series of 2021 under the Notarial Registry of ATTY. ALMIRA B. VALDEZ BWM: Mar. 29, Apr. 5 & 12, 2021
supplement CNPF’s. It will provide capabilities in a completely different food segment which is growing and will have synergies with the shelf-stable part of our portfolio,” Po said. (PR)
EXTRAJUDICIAL SETTLEMENT BETWEEN HEIRS WITH SALE KNOW ALL MEN BY THESE PRESENTS: That the late PONCIANO LOMOPOG and MATILDE N. LOMOPOG who died intestate on February 22, 2009 in Poblacion 2, Villanueva, Misamis Oriental and March 9, 1989 at Poblacion, Villanueva, Misamis Oriental, died intestate without leaving any last Will or Testament , and without any outstanding debt, at the time of his death left a parcel of land with Tax Declaration No. 0813000204576 situated at Poblacion, Villanueva, Misamis Oriental containing an area of ONE THOUSAND TWO HUNDRED square meters, more or less, and has been the subject of an EXTRAJUDICIAL SETTLEMENT BETWEEN HEIRS WITH SALE, filed by the heirs of PONCIANO LOMOPOG and MATILDE N. LOMOPOG, in favor of EFFIE S. GADAGA, per DOC #305; PAGE #61; BOOK #19; Series of 2021, under the Notarial Registry of ATTY. ALMIRA B. VALDEZ. BWM: Mar. 29, Apr. 5 & 12, 2021
EXTRAJUDICIAL SETTLEMENT OF ESTATE KNOW ALL MEN BY THESE PRESENTS: That the late QUINTINO BACULIO ABELLANOSA, who died intestate on March 8, 2021, that the deceased at the time of his death left certain personal properties particularly Metropolitan Bank and Trust Company (MetroBank), Cogon, Cagayan de Oro city, 2) Parcel of land with Original Certificate of Title No. E-977 situated Igpit, Opol, Misamis Oriental, containing an area of TWENTY THOUSAND EIGHTY TWO (20,082) SQUARE METERS MORE OR LESS, 3) Parcel of land with Original Certificate of Title No. P-13943 situated at Awang, Opol, Misamis Oriental, containing an area of FIVE THOUSAND TWO HUNDRED FIFTY EIGHT (45,258) SQUARE METERS MORE OR LESS, and has been the subject of an EXTRAJUDICIAL SETTLEMENT OF ESTATE, filed by the heirs of QUINTINO BACULIO ABELLANOSA, per DOC #232; PAGE #47; BOOK #XLIII; Series of 2021, under the Notarial Registry of ATTY. JAYFRANCIS D. BAGO. BWM: Mar. 22, 29 & Apr.5, 2021
BusinessWeek MINDANAO CREDIBLE
www.businessweekmindanao.com
CORPORATE
RELIABLE
IN-DEPTH
Mon-Tue|April 5-6, 2021
8
Gardening with CitiHardware
F
LOWERS and plants increase the level of positive energy, help people feel secure and relaxed. It brings beauty in every space, whether big or small, inside or outside our home. Beyond aesthetic value and ambiance, plants are considered a vital resource. The global pandemic changed our lives and our way of living. Planting and gardening became one of the gateways to overcome the difficulties of the crisis
experienced. Having plants help reduce stress and anxiety. Growing vegetables and crops supplied fresh and healthy foods. With the drastic change in our daily activities that led people to engage in planting, CitiHardware offers a wide array of products that will suit your gardening needs. Here are some gardening products that are available at CitiHardware 1) Propagation pots, flower pots, and decorative pots with different sizes and colors.
2) Paper seedling trays are also available that are 100% eco-friendly, breathable and biodegradable. These are great for planting flowers and vegetable seeds. 3.) Potting mix, fertilizers and seeds can also be found at CitiHardware. These are helpful in growing your own plants and crops. CitiHardware also offers hand gardening tools. 1) Garden forks that are used for loosening the soil. 2) Garden trowel and trans -planter are primarily used for digging,
transplanting, and weeding. 3) Bypass pruner, trimmer, pruning saw and pruning shears are also available that are used to remove unwanted branches. CitiHardware also has small garden equipment. These are brush cutters and leaf blowers that are best for pre-gardening activities. You will also find sprayers and garden hoses made from durable materials suitable for light, medium, and heavy-duty uses. For your gardening
and home improvement needs, come and visit any CitiHardware store near you! You may also shop at the comfort of your home thru Shop & Go hotlines, CitiHardware at Lazada www.Lazada.com.ph/shop/ citihardware- inc., and www. shop.citihardware.com. For more information, check our CitiHardware website www. citihardware.com. Shop safely and conveniently at CitiHardware and enjoy great value every day!