BusinessWeek Mindanao (April 5, 2017)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 134

Market Indicators As of 6:00 pm April 4, 2017 (tuesday)

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Wednesday | April 5, 2017

For loss of confidence

Duterte fires DILG’s Sueno

By CAROLYN O. ARGUILLAS, MindaNews

D

AVAO City— Citing “loss of trust and confidence,” President Rodrigo Duterte on Monday night fired Local Governments Secretary Ismael “Mike” Sueno, the highest ranking official he has dismissed in his nine months as President.

Fishing tourney SURIGAO City -- It’s all systems go for the Siargao International Game Fishing Tournament which is set on April 6-9, 2017 in Pilar town, Siargao Island.

Now on its 10 years, Provincial Tourism and Culture Officer Ivonnie B. Dumadag said all are now ready, including side events that the local and foreign tourists can enjoy aside from game fishing.

She said that about 75 anglers from the Philippines and abroad are expected to compete for the following categories: Biggest Billfish, Biggest Talakitok, Biggest Wahoo/ Tangigue and Biggest Dorado.

Cash prizes and trophies are up for grabs for the biggest catch in the island.

IN-DEPTH

FIRED.Secretary Ismael “Mike”Sueno of the Department of Interior and Local Governments Secretary in this file photo talks about DILG’s “Masa Masid” program during a press briefing in Malacañangg. TOTO LOZANO / PPD

“ The announcement was made at the end of the 14th Cabinet meeting,” Presidential spokesperson Ernesto Abella said. Monday’s meeting ended shortly before midnight.

“The President had earlier asked a few questions of Mr. Sueno but the summary dismissal served as a warning that Mr. Duterte would not countenance any questionable or legally untenable decisions by any memb er of t he Cabinet,” Abella said.

Abella’s statement did not say if Sueno was in the Cabinet meeting. But MindaNews sources said Sueno was in the meeting when Duterte announced his decision.

MindaNews tried to reach Sueno by phone but one

phone just kept ringing and the other was always busy. He did not answer text messages.

Sueno, OIC Governor of South Cotabato from 1986 to 1988 and elected Governor from 1988 to 1992, was among those instrumental in convincing Duterte to run for President, through the Mayor Rodrigo Roa Duterte-National Executive C oordinating C ouncil Committee (MRRD-NECC).

Abella said “this did not deter the President from pursuing his drive for a fires/PAGE 11

Alsons’s net income down 8% to P636 M

By MYRNA M. VELASCO, Contributor

THE consolidated net income of publicly-listed Alsons Consolidated Resources, Inc. (ACR) slightly declined by 8.0-percent to P636 million last year from a heftier P691 million in 2015, mainly due to “finance charges” for the

first block of its Sarangani Energy Corporation’s (SEC) coal-fired power project.

Nevertheless, the company’s operating profit had been boosted 25-percent in 2016 to P1.89 billion from income/PAGE 11

Speed guns DAVAO City -- The Land Transportation Office Regional Office -XI (LTO-XI) is eyeing the utilization of imagecapturing speed guns to catch overspeeding violators.

LTO-XI Assistant Regional Director Neil Canedo said the LTO-XI office has an allocation for two of these speed guns.

The speed guns will have the capability of taking the image of the moving car and its corresponding speed, the present speed guns does not have the ability to capture the images of vehicles.

Motorists have disputed the findings of the current speed guns arguing that the enforcers may have flagged the wrong vehicles.

STREET FOOD. Vendors are set to grill the customer’s choice of barbecue along Montilla Boulevard in Butuan City. Photo by Jun Ayensa

Trade deal eyed for entry of local halal products in US soil ZAMBOANGA City --- Top officials of the Philippine Economic Zone Authority ( P E Z A ) , Au t o n o m o u s Region in Muslim Mindanao (ARMM) and the Unites States Halal Chamber of Commerce are eyeing to sign a trade deal within the year for local halal food producers to penetrate the American market.

In a statement sent to the

Philippine News Agency on Monday, ARMM-Economic Zone Authority chief Aleem Siddiqui Guiapal said the initiative was made following their meeting with the head of the U.S. Halal Chamber of Commerce during a trade visit in Washington last week.

Gui ap a l s aid it was proposed that a memorandum of understanding (MOU) be signed among PEZA, ARMM

and the U.S. Halal Chamber of Commerce in order to formalize cooperation and assistance.

The signing of the MOU may take place at a planned International Halal Ecozones Summit to be held in Davao City in October.

Guiapal, who was part of the Philippine delegation, said the agreement would halal/PAGE 10

DISPLACED BY INSURGENCY. Evacuees from war-torn Lagonglong, Misamis Oriental still linger at De Lara Park in Cagayan de Oro City for already a week after soldiers haven’t finished sweeping their barangays from New People’s Army (NPA). There are almost 188 evacuees sill stranded in the area. PHOTO’S BY GERRY LEE GORIT

BIR intensifies tax drive, targets P1.1T collection from large taxpayers DAVAO City -- The Large Taxpayer Division (LTD) of the Bureau of Internal Revenue (BIR) is going all-out in its tax campaign to meet its 2017 target collection of P1.1 trillion from large taxpayers.

This as the LTD opened its new office in Cabaguio, Davao City on Monday spearheaded

by B I R C om m i s s i on e r Caesar Dulay and Finance Undersecretary Antonette tax/PAGE 11

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Economy

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MUST, MOSCAT merged into USTP

T

By FRANKLIN P. GUMAPON, Contributor

HE former Mindanao University of Science a n d Te c h n o l o g y (MUST) in this city and the Misamis Oriental State College of Agriculture and Technology (MOSCAT) in Claveria, Misamis Oriental have been merged into one big state university called the University of Science and Technology of Southern Philippines (USTP).

The amalgamation of t h e s e t wo gove r n m e nt schools was formally sealed in a recently held grand launch attended by university officials, alumni, students, faculty and staff, l o c a l of f i c i a l s , U S A I D

representatives and other stakeholders.

USTP aims to be the premier university in science and technology in the country, offering courses in sciences, mathematics, technolog y, engineering and applied sciences.

Speaking during the grand launching ceremonies, Congressman Maximo B. Rodriguez Jr. of Cagayan de Oro’s second district said the USTP could greatly “contribute to the country’s development through human re s ou rc e d e ve l opm e nt , technology solutions, and technolog y enter pris e,” adding “it is only through education we can uplift the

lives of the poor.”

Aside from bringing the world of work into the actual training of students, USTP intends to contribute also

to the national development goals of food security and energy sufficiency through technology solutions.

The university will soon

build on its sprawling lot in Alubijid town a school campus and technopark.

Presently, USTP has campuses in Cagayan de

Oro City, Claveria and Jasaan towns in Misamis Oriental, and Oroquieta City and Panaon in Misamis Occidental.

make sure that the safety and enjoyment of the tourists and religious believers is secured.

In their preliminar y agreements, Dael said that the ferry ticketing will be held in Balingoan Terminal so as to avoid traffic and people congestion on the streets.

“Unlike the previous years, people would have to get their ticket in the small area of Balingoan

Port. And we received a lot of complaints about it that is why we looked for options to refrain such inconvenience,” Dael said.

The Camiguin Provincial Tourism Officer also works on the improvement and accessibility of various tourist destinations and resorts since a lot of p ar t icip ants of Panaad prefer to stay longer in the area for relaxation. (RTP/ PIA10)

Camiguin gears up for Panaad 2017

By RECTHIE T. PACULBA, Contributor

MAMBAJAO, Camiguin -As part of the preparation for the Panaad 2017 (a vow in exchange for a good life), the provincial government collaborated with the local government of Balingoan to facilitate the transportation needs of the commuters and tourists and conducted various meetings to provide better service during the Holy Week.

Candice Naome Dael, Camiguin provincial tourism officer said that this is an initiative of both local government units (LGUs) to control the expected congestion of people during the event and avoid traffic in the said area.

She also added that they have been conducting series of meetings with the task force for Panaad 2017 to

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Eleventh graders of Cagayan de Oro National High School join in their first fashion show as a senior high school. PHOTO BY MARK FRANCISCO

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CorporateWorld 3 PLDT confident of sustained mobile revenues amid lower voice call rates Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

wednesday|April 5, 2017

P

LDT said its recent decision to lower call rates to all mobile networks for as low as P1 per minute has no significant impact on the firm’s revenues.

PLDT Chief Revenue Officer and ePLDT President and CEO Eric Alberto said that the initiative was in line with the government’s d i re c t ive to l owe r t he interconnection rates of mobile service providers and help ensure affordable

voice calls for its subscribers.

“The lower call rates are very much discounted with our bundled services. The competition in the industry enables us to offer affordable services to our subscribers,” said Alberto in an interview with reporters late last week on the sidelines of the launching of its partnership with international information technology (IT) firm Cisco for the offering of its latest digital based solutions for businesses in the country.

Smart Communications has announced that it will provide subscribers with 50 minutes of all-net calls valid for 3 days, lowering the cost to only P1 per minute through its Smart Express Call 50.

Smart subscribers will be able to avail themselves of Smart Express Call 50 as an add-on to top Smart Prepaid offers, boosting the network’s already feature-packed data, call, and text promos.

The P1-per minute allnet call rates shall also be

made available for Smart Postpaid subscribers who may enjoy the rates on top of their existing plan.

TNT and Sun shall also roll out similar offers, allowing users to conveniently boost their existing TNT and Sun promos with 5 minutes of all-net calls for only Php 5.

Smart said it has continued to sustain its growth in mobile data business as it posted revenues of P25.5 billion in 2016, increasing by 26 percent from the previous

year’s P20.2 billion due to the availability of more smartphones, data offers bundled with digital content and services, and upgrade on its mobile network.

Mobile data usage of Smart subscribers improved to 148,000 terabytes last year, 49 percent higher than the 2015 figure.

According to Alberto, the rise in mobile data traffic highlighted the popularity of data usage as well as the potential to grow mobile

data revenues, particularly mobile Internet.

The telco firm is undertaking its 3-year rollout program to expand the coverage of LTE and 3G data networks through utilizing low-band frequencies such as 700 megahertz (MHz) for high speed LTE services.

The network rollout program has been completed in Metro Davao where subscribers now consistently enjoy average data download pldt/PAGE 10

The Rotaract Club of West CDO hands out rain collectors (water tanks) and garbage bins with the help of DonMont prestressed alternatives to one of its beneficiary communities. PHOTOS SUPPLIED

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Opinion

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wednesday|April 5, 2017

Display of Faith

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

ALLAN mario MEDIANTE

Vice President for Corporate Affairs

Joe felicilda

Vice President for Administration

joe palabao

Vice President for Marketing

NELSON CONSTANTINO Editor-in-Chief

Cheng ordoñez

gilbert y. chao

Executive Editor

Motoring Editor JOEL ESCOL

BONG FABE

Feature Editor

Associate Editor

CLIFFORD SANTILLAN Layout Artist

JUN AYENSA

shyne campaner

Regional Editor Caraga

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Problems Mean Progress Think a minute…What’s your problem? You know that not all problems are bad? In fact, having problems sometimes means you’re making progress.

A big hardware business moved into the same building with another, small hardware store. The big hardware competitor posted signs all over the building that read: “Grand Opening.” So not to be beat, the owner of the small hardware business posted a big sign over his store that read: “Main Entrance.” It’s successful people who know that their biggest obstacles often become their biggest opportunities. As one smart man said: “The same big stone that’s an obstacle to a weak person is a steppingstone to success for a stronger person.”

The difference is in their attitude and response.

Remember, you are not the only person with problems.

Even the lion has to fight off flies! So “Don’t be afraid to face the music just because you don’t like the tune.”

Many years ago, American farmers carried their potatoes in wagons to the market.

As their wagons bounced along on the rough, bumpy roads, the big potatoes were always the ones that ended up on top. And it’s usually the same with people. It’s the

THINK

A Minute

Trust or reliance? What means faith for you? To say it clearly: without faith w e a re re a l l y n o t h i n g .

Faith is belief; believe in us, beliefs in our works, talents and personalities.

We also should believe in our parents or better, in the whole family including the black sheep, who can be found everywhere. We should also believe in our friends, even sometimes it seems to become a very difficult task. A friend? A real friend? An expatriate friend...?

Without faith, we will be reaching the rock bottom.

Please don’t say, it’s a likely stor y. The German poet Johann Christian Friedrich von Schiller (1759-1815) mentioned in his drama “Maria Stuart”: “Even the word might be dead, but

faith keeps it alive.” Yes, I can live with this.

Faith and hope belongs t o g e t h e r. I n h i s b o o k “ Through the Valley of the Kwai”, Scottish officer Ernest Gordon wrote of his years as a prisoner of World War II. The 6’2’’ man suffered from malaria, diphteria, typhoid, beriberi and jungle ulcers. Many circumstances quickly plunged his weight to less than 100 pounds. Lying in the dirt of the death house, he waited to die. But every day, a fellow prisoner came to wash his wounds and to encourage him to eat parts of his own rations.

As this fellow pris oner nu r s e d E r n e s t b a c k t o health, he talked with the agnostic Scotsman of his own strong faith in God and showed him that, even

in the midst of suffering there is hope - and faith!

Faith is indeed tantamount to convincing and conviction. Richard Wa g n e r , a G e r m a n classical comp os er and poet found the following lyric: “Blessed are those people, who know how to life their life in humility and faith!”

We l l , l e t ’s e v e n continue believing in our government. Faithful hope is loyal, reliable, exact and honorable.

Fa i t h l o o k s b e y o n d t h e t r a n s i e nt l i f e w it h hope for all eternity. The hope we read in scripture is not a wishy-washy optimism. First and second Chapter of Thessalonians, for example, give e n c o u r a g e m e nt s t o a l l Christians, who have been

H ave M y Say

Klaus Doring

undergoing persecution for their faith. And, C o r i nt h i a n s 1 3 : 2 s ay s : “If I have faith it can move mountains!” +++ Email : dor ing klau s @ g mail.com or follow me i n Fa c e b o o k , L i n k e d i n or Twitter or visit www. germanexpatinthephilippines.blogspot.com or www. klausdoringsclassicalmusic. blogspot.com .

Gordon: Rotary, Red Cross, must partner for big quake LIFE’S INSPIRATIONS: “… `The King will reply, ‘Truly I tell you, whatever you did for one of the least of these brothers and sisters of mine, you did for me’… (and) ‘(T) ruly I tell you, whatever you did not do for one of the least of these, you did not do for me’…” (Jesus Christ, our God and Savior who is God the Father, Son, and Holy Spirit, in Matthew 25:40 and 45, the Holy Bible).

-ooo GORDON: ROTARY, RED CROSS, MUST PARTNER FOR BIG QUAKE: What can Rotarians from the Manila area (and from the other areas covered by Rotary International District 3810, like Pasay City, Cavite, and Occidental Mindoro) do when the earthquake which measures magnitude 7.2 in the Richter scale and which

scientists say is going to happen anytime now, finally strikes?

Sen. Richard Gordon, the chairman of the Senate Blue Ribbon Committee who is chairman as well of the Philippine Red Cross as well, threw this question Saturday, April 01, 2017, to District 3810 Rotarians led

by Governor Ernest Yuyek and his spouse, Anna, when he accepted the District’s awards to the Philippine Red Cross, and to himself as well, recognizing him for his distinguished service to humanity, as part of District 3810’s District Conference 2017 at the Sofitel Hotel.

Gordon said Rotarians, whose Clubs are known for their initials “R.C.”, should partner with the Red Cross, whose initials are also known as “R.C.”, to provide

an effective, ready, and immediate response to the projected grim consequences of that deadly earthquake.

In it i a l l y, G ord on t o l d Rotarians to collect P1,000.00 from each of their members and donate it to Red Cross.

-ooo TALL BUILDINGS SEEN TO C OL L A P SE W I T H QUAKE: The amount will be used to register the 1,400 or so Rotarians from District 3810 as Red Cross volunteers. Upon its payment, Rotarians will be registered as volunteers and will be provided with emergency kits.

They will also be requested to undergo crash courses on emergency assistance and relief operations, in preparation for the big earthquake.

Various agencies, notably the Japan International

K akampi

Mo A ng Batas

Atty. Batas Mauricio Cooperation Agency (JICA), predicted the occurrence of the tremor, based on scientific calculations which say that a big earthquake happens every 400 years or along the so-called West Valley earthquake fault that runs from Bulacan, Metro Manila, to Rizal. “It is no longer a question of `if ’, but of `when’, batas/PAGE 10

Study and prayer Jhan Tiafau Hurst people with bigger hearts of faith and perseverance who end up on top, after getting over their life’s bumps and problems.

There’s a saying: “What doesn’t kill you makes you stronger.” Yes, problems may detour you and take you off course for a little while, but only you can choose to stop moving ahead. Sometimes we think that our temporary problems are permanent.

But if you stay patient and positive, then the end of your problem will become the beginning of your new season of success. So why not ask Jesus Christ to take charge of your heart every day. It’s only with Him on your side, and His peace and power in your life, that you can turn every problem into progress.

Just Think a Minute…

“An hour of study, for a modern apostle, is an hour of prayer.” That’s what one saint, Opus Dei founder St. Josemaria Escriva, said in one of his books. We have to acknowledge the divine wisdom of these words and exert the effort to live by them.

We should always be studying and learning, because our human and C hr ist ian for mat ion is actually an endless and lifelong affair. In fact, it is a duty, because it is always a necessity for us. There is always something to know, to understand better, etc.

And we have to understand that our effort to study is always an encounter with Christ, an offering to God, an act of faith, hope and love. In this way, study is actually prayer. It should not just be a technical exercise, with purely intellectual and practical purposes only.

The duty to take care of formation is coterminous

with life itself, which will always give us lessons. And that’s because the basics and essentials, the absolute, old and the permanent truths, which we may already know, will always have to cope and somehow need to get enriched by the incidentals in life, by the relative, innovative and changing things.

This will always be the case in our earthly life.

There are things that will always remain the same and permanent, and things that are changing in the course of time. And we need to adapt ourselves to these new developments.

Somehow we are reminded of this point in the second letter of St. Peter where he urged us to go on with our formation: “Strive diligently to supply your faith with virtue, your virtue with knowledge, your knowledge with self-control, your selfcontrol with patience, your patience with piety, your piety with fraternal love, your

fraternal love with charity.”

(1,5-7) And as we all know, charity is a never-ending affair, ever making new demands on us, and introducing us to more aspects, dimensions and challenges in life. It will always push us to do more, to give more, to be more.

Besides, given the rapid pace of developments in the world today, can we think that we can afford to sit pretty and rely simply on what we have learned so far?

Not only that. If we realize more deeply that our ultimate goal is communion with God and with others, can we ever think that we already have enough formation to reach that goal?

We have to be wary of our tendency to be complacent and to think that as far as our knowledge is concerned, we already know enough, there’s nothing more to know. This tendency is usually more pronounced in the elder ones and the more gifted people.

HINTS

and

Traces

Fr. Roy Cimagala Without noticing it, they can fall into playing the role of the hare in that fable of the race between the hare and the tortoise. The hare’s sense of superiority and overconfidence turned out to be his own undoing, his own downfall.

We should deepen our sense of humility such that we understand that the more we know, we immediately realize that there are more things that we still need to know. roycimagala@gmail.com.

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wednesday|April 5, 2017

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Banking&Finance

Bangko Sentral to maintain $1-B bilateral credit facility with IMF

T

HE Bangko Sentral ng Pilipinas (BSP) has sought authority from Malacañang to remain a participant to the International Monetary Fund’s (IMF) bilateral borrowing facility and to maintain the countr y ’s $1-billion commitment to the IMF until 2020.

In a report, the BSP said they have “requested concurrence” from President Duterte to keep its $1-billion commitment under the Note Purchase Agreement (NPA) with the IMF “in support of efforts to augment (the IMF’s) resources for crisis prevention and resolution.”

The BSP first participated in the IMF fund sourcing in 2013 since becoming a creditor-member in 2010.

According to the central bank, that “while no drawdown has been made since the agreement was

signed on September 13, 2013, it has helped boost confidence in the adequacy of the IMF’s resources to restore global economic and financial stability.”

“In this context, the BSP requested concurrence from the Office of the President to continue its participation in the IMF’s bilateral borrowing facility until 2020,” said the BSP. B esides the bilateral b or row ing faci lity, t he Philippines through the BSP is a participant to the IMF’s Financial Transactions Plan (FTP) and the New Arrangement to Borrow (NAB).

At the end of 2016, nine countries had drawn from the FTP – the funds exchanged by the BSP – amounting to $362.47 million or 235.10 million in SDR (Special Drawing Rights).

Drawdowns have also

Amid record profits, big business paying lower income taxes THE country’s big businesses are reporting record profits for 2016. Ironically, the same large corporations are paying lower income taxes, thanks to a clutch of tax incentives, even while their industry groups are clamoring for an across-the-board tax relief.

Take for instance three of the countr y’s largest conglomerates.

Despite the statutory 30 percent corporate income tax rate, Ayala Corp. in 2016 paid an effective income tax rate of 19.48 percent; SM Investments, 19 percent; and JG Summit (2015 rate), 12.08 percent.

But those tax rates pale in comparison with that of Phinma Energy, the power generating company managed

by R am o s - e r a F i n anc e Secretary Ramon del Rosario Jr., which last year whittled its contribution to the tax brigade down to -- this is not a misprint -- 4.19 percent.

I r o n i c a l l y, P h i n m a Energy had forked out an eye-popping 42.46 percent in effective income tax rate in 2014, before having it more than halved to 18.74 percent in 2015.

Even the provincial-based corporations know how to navigate the Manila-imposed regulatory maze to lower their tributes to the taxman, as can be gleaned from regulatory disclosures.

Fo r i n s t a n c e , C e b u Prop er ty Ventures and Development Corp., with its partner the provincial government, squeezed its income tax rate down to 9.1 percent from 25.4 percent in 2015.

P h o e n i x Pe t ro l e u m , the Davao-based fuel importer, wholesaler and retail company controlled by Duterte campaign contributor Dennis Uy, reported that it paid last year only about P170 million in income tax instead of the mandatory P378 million after deducting the corresponding incentives and adjustments under its income tax holiday privileges.

Because of the vagaries of the air transportation bu s i n e s s , t h e n at i on a l government even owes Cebu Pacific money, after the lowcost carrier reported that its effective income tax rate for 2016 was, after the income tax holiday adjustments, a negative 0.39 percent.

Negative though it may be, the 2016 rate for the Gokongwei airline is already a vast improvement from the minus 24.33 percent income tax rate the carrier was imposed in 2014.

Still, there were a number of corporations that actually paid the government over the maximum 30 percent rate, believe it or not.

The Max’s Group of restaurants, for instance, rep or te d remitt ing t he equivalent of 38.5 percent income tax rate for 2016.

Then again, Max’s paid only 6.1 percent in 2014, when it was backdoor-listed.

PFTC, the nearly dormant company chaired by Carlos Dominguez III before he was drafted into the Duterte cabinet, reported shelling out over P14 million last year instead of the P13.7 million in statutory income tax that taxes/PAGE 10

been made from the BSP’s NAB worth $133.16 million or SDR89.92 million for eight countries.

BSP Deputy Governor Diwa C. Guinigundo said the country’s IMF commitments to both the FTP and the NAB are intact and they will continue to renew participation.

The Philippines’ position in the FTP amounts to SDR 317million or $415.5 million.

For t h e NA B, t h e participation amounts to SDR340 million or $460 million. The absolute limit amount that the BSP on behalf of the government, can extend under the FTP is SDR1 billion or $1.35 billion.

Guinigundo said earlier that the BSP has a “different” level of participation in the IMF based on the new framework approved by the

IMF last August, 2016 which replaced the 2012 framework.

The BSP’s two fund pooling arrangements with the IMF are renewed quarterly and typically lasts 18 months.

The IMF announced last year that its bilateral borrowed resources amounting to SDR243 billion or $340 billion have a fresh commitment until 2020 while access to the lending facilities

have a new framework.

As part of reser ve m a n a g e m e nt , t h e B S P continues to enhance its creditor position in the IMF by renewing facility arrangements.

The BSP as creditormember joined the IMF’s FTP in 2010 and the NAB in 2012. The Philippines holds a creditor (or reserve) position in the IMF through its participation in the FTP.

Billboard 6 SPi Global fosters malasakit in action on 2017 CSR Day Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

wednesday|April 5, 2017

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orld-leading technologyenabled content solutions company SPi Global held its annual CSR Day last March 18, 2017. Dubbed E=mc2: I am the formula for change, it was a collective movement envisioned to inSPire and improve quality of life of their partner beneficiaries.

Headquartered in the Philippines with local operations in Paranaque, Laguna and Dumaguete; and sites in India, China, Vietnam, Nicaragua and the US, SPi Global believes that their host communities are their partners for growth.

“CSR activities give us a wonderful opportunity to put our principles in action. Malasakit is one of our core values and during CSR Day we are able to go

out and interact with various communities through the projects we support,” said SPi Global CEO and President Ratan Datta.

Locally, the global CSR movement included free computer training at Punta Elementary School, special day treat for the children with special needs at the SPED Center and to the elderly at Bahay ni Maria in Laguna.

According to site CSR Lead Rosalyn Fuentes, their initiatives encompassed a month-long series of activities involving government and social groups. “We were very much invested in creating awareness on being responsible, compassionate and conscientious citizens.”

In Paranaque, hospital walls were

SPi Global Paranaque employees painting work at Our Lady of Peace Hospital

painted, livelihood seminars conducted, and a feeding and hygiene program were held at the Our Lady of Peace Hospital and Sarneli Foundation. “Our focus was to create a holistic experience for our beneficiaries – from physical fixtures to imparting practical knowledge that can help them in their day-to-day, and of course having an enjoyable time with them,” recounts CSR Champion, Laura Matienzo.

Other than organizing classroom repairs, school cleanups, and medical missions, employees in Dumaguete also conducted shoreline clean-ups and enjoined mountaineers in a tree-planting climb at Mt. Talinis. A volcanic complex that is rich in biodiversity, Talinis is the second highest mountain in the Negros region and is popular to visitors for its natural beauty and volcanic lakes.

“Dumaguete is an emerging cosmopolitan and we wanted also to contribute to the peripheral industries that CSR undertakings can help boost like eco-tourism,” explained Rose-jo Dy, CSR lead for SPi Global Dumaguete.

SPi Global employees’ seed planting at Punta Elementary School in Laguna

SPi Global Paranaque treats children beneficiaries with storytelling and games

Offshore, sports activities with the elderly and a marathon against child abuse were some highlights in India, while volunteers in China taught Chinese culture to incoming tourists. US employees collected books for disadvantaged children, and participants in Vietnam and Nicaragua donated school supplies and conducted fun activities with children beneficiaries.

Since 2012, the company has been performing their CSR Day in all its offices globally – a continuing program that promotes the spirit of volunteerism,

and, most importantly, make a difference in youth welfare and education. To date, it has generated a total of 245,424.23 volunteer hours, improving the lives of 69,106 beneficiaries in different parts of the world.

Supporting sustainable initiatives that impact the lives of children in the grassroots and other marginalized groups, SPi Global’s CSR Day has been 100% employee defined and initiated – from projects appraisal, fundraising and outreach to various societal touch-points. “We have more than 12,000 employees but the only

way we can make a difference is by doing it together”, stated Celeste Ilagan, SVP for Marketing and External Affairs. “At the end of the day, it’s about consciously putting our time, energies and effort that we know we are contributing to society. We really hope that more people will be inspired to do the same.”

SPi Global’s CSR Day has won three awards - from UKbased National and European Outsourcing Associations, and the highest Award of Excellence from the Philippine Anvil and Quill organizations.

SPi Global Dumaguete’s shoreline cleanup

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wednesday|April 5, 2017

DTI CDO and YAHSHUA Systech Partner in Making Accounting an Ordinary Thing Cagayan de Oro City – Over 30 participants were at the DTI Go Negosyo Center and attended its Business Learning Session on Accounting and Payroll last March 30, 2017. It was attended by MSME (micro-small-medium enterprise) owners from different industries; trade, manufacturing, and services.

The DTI Go Negosyo Business Learning Session is part of the Mentor Me project in Cagayan de Oro, managed by Ms. Jesse Abear. It is organized by the Department of Trade and Industry to empower civilians who have the desire to put up a business of their own and become part of our country’s economic growth.

The Business Learning Session on Accounting and Payroll was a partnership between DTI and online accounting systems engineering, YAHSHUA Systech. Arlyn May Bongay, Head of Corporate Marketing, and Beverly Babida, SME Group Manager of YAHSHUA Systech were the session’s resource speakers for payroll and accounting, respectively.

YAHSHUA Systech is a software engineering company based in Cagayan de Oro City, Philippines. Its mission is to empower SMEs with online tools that help streamline core business systems. These tools are seen to assist SMEs in market share growth, profit increase, and cutting down investment on traditional systems and servers. Much like DTI Go Negosyo’s goals, Yahshua Systech aims to assist entrepreneurs to reach their full business potential. The company provides “insanely” affordable payroll and accounting systems with free consultation and support. They have been clear about their advocacy in bringing peace of mind to business owners.

Ms. Bongay opened the Business Learning Session with an apt metaphor for businesses. ‘’Mahigante man o ma-unano.’’, businesses have important systems that get them going. Like our own bodies, business owners need tools that would let them know how their business health is. Business owners need the right tools to

get the right diagnosis.

Oftentimes, these tools come at a high cost especially for SMEs. YAHSHUA Systech, being a business solutions provider, offered the YAHSHUA Payroll Online free to all the Learning Sessions’ participants, through the DTI partnership. Consultants from YAHSHUA Systech were ready to assist and address the participants’ concerns regarding their setup. At the end of the morning session, every participant was registered to YPO’s free trial for 6

months.

YAHSHUA Payroll Online is an online payroll system that comes at an insanely affordable subscription fee. It has an integrated Timekeeper app with f lexible features and multiple location capabilities. It is created to make payroll hassle-free with its f lexible cut-off payroll register, free and unlimited tech support with time sheet audit to ensure accuracy and free set-up and training. It is designed to secure payroll information with the limited access system to

prevent manipulation of time sheets and payroll calculation.

In the afternoon, Ms. Babida, the speaker for accounting mentioned that the heart of every business is its financial management. She pointed out the usual problems of businesses and sometimes the lack of accounting systems. YAHSHUA Books Online is engineered by YAHSHUA Systech that simplifies accounting management for businesses of all sizes and of all nature. It has IMS (Inventory Manage-

ment System) capabilities with faster data entry, report and customization.

This makes accounting an ordinary thing.

The DTI Go Negosyo Business Learning Session ended with Ms. Jesse’s invitation to the participants for the Mentor Me program. This partnership between DTI Cagayan de Oro and YAHSHUA Systech is seen to cover the 2017 DTI Learning Sessions on Accounting and payroll. Two (2) more sessions of this arrangement are scheduled in July and December this year.

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wednesday|April 5, 2017

When you’re in Davao City, Read:

HOTELS & RESORTS DIRECTORIES

VILLA MARGARITA HOTEL J. P Laurel Avenue, Bajada, Davao City, Philippines Tel. No.: (082) 221-5674 / Fax No. (082) 226-2968 MICROTEL

By Wyndham Davao Damosa Gateway Complex Angliongto Rd., Lanang Davao City 8000, Philippines Tel +63 82 233 2333 / Mobile +63 917 795 3548 www.microtelphilippines.com PINNACLE HOTEL Sta. Ana Avenue, Davao City.

No. (082) 300-5885 Telefax: 300-1881/ 221-3025 Website: www.thepinnaclehotel.com ALU HOTEL M. Roxas Avenue corner Padre Faura Street, Davao City.

Tel No (63 82) 221-5232 / Mobile (O943) 652 3927 Email: aluhoteldavao@yahoo.com info@alu-hotel.com / www.alu-hotel.com GRAND REGAL Km 7 Lanang, Davao City, Philippines Tel. 235-0888 / Fax 235-2335 email: grandregalhotelegmail.com

VIAJEROS ECONOMY HOTEL Patnubay St., Sandawa, Matina, D.C Tel. No. 297-5710 / Telefax (6382) 298-5134 Mobile: 0922.-8268425 Website: www.viajeroseconomyinn.com

ROYAL MANDAYA HOTEL J.Palma Gil St., Davao City 8000 Phils.

Tel. No. (082) 225-8888 / fax No. (082) 225-1885 info@theroyalrmandayahotel.com www.theroyalmandayahotel.com HOMITORI Bangoy Street corner Santa Ana Avenue, Davao City Tel. No. (082) 295-2969 & 295-2471 / Mobile: (0922) 8994646 Email: homitoridvo@gmail.com or Like us on www.facebook.com/pages/Homitori-Davao BIG APPLE HOTEL Brgy. Angliongto, Lanang, D.C. Hotline Nos.: (082) 234-8459 Facebook account: bigapplehotel@ymail.com Email: bigapple_hotel@ymail.com

THE PERIDOT SUITES Carmelite Drive, Lanang, Davao City Tel. no.: (082) 305-6530 / Fax no.: (082) 305-38I2 Email: theperidotsuiles@gmail.com AZIENDA MEO APARTELLE 11 Corner Pioneer and Doña Vicenta Village, Phase 1, Davao City Telefax. No: (082) 227-4119 & 284-6689 Cell Phone No. 09256652626 Website: www.aziendameo.com Email Add: aziendameo@yahoo.com.ph Big 8 Corporate Hotel Visayan Village, National Highway, Tagum City Mobile nos. 09173029063 & 09328539372 Tel. No.: (084)216-0888 Email: info@big8corporatehotel.com www.facebook.com/big8corporatehotel.com www.big8corporatehotel.com HOTEL ELENA Avenida Santos Ave., Nova Tierra Vill, Lanang, D.C Tel. Nos. (082) 233-1941 & 305.8799 / fax No. (082) 233-1887 PARADISE ISLAND Tel. No. (082) 233-0251 & 300-2343 / CP No.: 09209546780 E-mail: paradiseislanddavao@gmail.com MARCO POLO DAVAO C.M Recto St., Davao City davao@marcopolohotels.com www.marcopolohotels.com (63 82) 221-0888 HOTEL ESSE Brgy. 9-A F Torres Street, Davao City Hotline: No: 227-37-73 / Fax: 295-34-85 Website: www.hotelessedavao.com.ph Email Add: hotel_esse_davao@yahoo.com RUEMANGO APARTELLE & SUITES 516 Mangga St., Juna Subd., Matina, Davao City ruemangoapartelleandsuites@gmail.com www.ruemango.com Tel. Nos.: (082) 295-7175/ 295-7180

Cebu Pacific expands payment options

The Philippines’ leading airline, Cebu Pacific (PSE: CEB) rolls out more payment options for travelers, just in time for the summer peak period.

CEB has just partnered with American Express, allowing its cardholders to book and buy their flights using their AMEX cards.

AMEX, owned by global services company American Express, is the largest card issuer in the world based on purchase volume and one of the largest card networks in the world, with over 109-Million cards running on its proprietary network, including those issued by 148 partners in 160 markets across the world. In the Philippines, AMEX cards are issued by BDO Unibank.

“CEB remains firm to its commitment of allowing more and more travellers to fly.

We believe that by continuing to expand the payment options

we offer, we empower more travellers to not only choose their flights among the numerous we offer, but also pay for these in the easiest and most convenient way for them. Our partnership with American Express enables CEB to offer simplified and efficient business-to-business solutions for corporate payments,” said CEB Vice President for Marketing and Distribution Candice Iyog.

Aside from AMEX, CEB also accepts credit card payments through VISA and Mastercard.

Other easy online

payment options include BancNet Online, PayPal and Alipay.

Passengers who still prefer to pay in cash, CEB offers overthe-counter payments through over 1,700 branches of 7-11 and over 1,800 Cebuana Lhuiller outlets nationwide.

Existing CEB payment centers, Robinsons Department Stores and SM Department Stores still accept payments for online bookings.

For cash or over-thecounter payments, can book flights through the CEB website, and choose the “Pay Within

24 Hours” payment center option, upon reaching the payment page.

CEB currently offers flights to a total of 37 domestic and 29 international destinations, operating an extensive network across Asia, Australia, the Middle East, and USA. Its 59-strong fleet is comprised of four Airbus A319, 36 Airbus A320, seven Airbus A330, eight ATR 72-500, and four ATR 72-600 aircraft.

Between 2017 and 2021, CEB expects delivery of one more brand-new Airbus A330, 32 Airbus A321neo, and 12 ATR 72600 aircraft.

For bookings and inquiries, guests can visit www.cebupacificair.com or call the reservation hotlines (+632) 7020-888 or (+6332)230-8888. The latest seat sales can be found on CEB’s official Twitter (@CebuPacificAir) and Facebook (www. facebook.com/ cebupacificair) pages.

10 key reasons in having your daily dose of Vitamin C IT is summer once again and people are starting to think of ways to enjoy the season which more often than not involves outdoor activities.

Aside from protecting your skin from the sun, priority must also involve protecting your health.

Vitamins and minerals are essential for our body to function properly and each of them plays a respective role in maintaining a good health.

Let’s zero in on Vitamin C as this water soluble vitamin is considered to be one of the most effective nutrients for our body. It is loaded with health and beauty benefits, thus, It’s advisable to Vitamin C supplements to get its optimum performance.

Here are what Vitamin C does for you: 1. Enhances our Immune System Change of weather and other factor can easily give a negative effect in your body especially if you have a low immune system making you susceptible to Coughs, Colds and flu. Vitamin C facilitates the absorption of iron and therefore strengthens the body’s resistance to infection.

2. Protection against Heart Diseases Vitamin C restores and regenerate tissues to protect against heart disease as it aid in the iron absorption and decreases your bad cholesterol and triglycerides.

3. Lower your chances of Hypertension Vitamin C lowers your blood pressure and decreases the chances of hypertension as well as serious health

problems that may accompany high blood pressure.

4. Great for wound healing People who underwent surgery or recovering from sports-related injuries are recommended to take high doses of Vitamin C to hasten wound healing. Vitamin C is essential in the formation of new connective tissue in healing wound.

5. Helps in Weight-Loss Vitamin C can aid in losing fat and maintaining a healthy weight. There is a certain scientific evidence that shows taking Vitamin C on a regular basis helps in losing weight significantly since it lowers insulin, hence, instead of storing sugar and converting it into fats, it uses it as a fuel that leads to weight loss.

6. Stress Buster Studies show that Vitamin C reduces the elevated levels of stress, hormones and

cortisol, thus, lowering your chances of feeling stressed.

7. Essential in Fighting Cancer Since Vitamin C is high in antioxidant properties, it protect the cells from DNA damage and mutation. It supports the body’s immune system and prevents certain cancer forming compounds from forming in the body.

8. Diabetes regulation Vitamin C helps in regulating the sugar levels, reducing the risk of getting diabetes. Diabetic patients also acknowledges improvement of the symptoms of the existing cases. Supplementing Vitamin C inf luences glucose in our body cells and protects against many complications of diabetes.

9. Protects from Allergies and Asthma Taking Vitamin C supplements helps in lowering histamine, thus, it lessen

the chances of contracting asthma and lowers allergic reactions.

10. Essential beauty benefits Vitamin C helps in production of Collagen which is an important building block of our Skin, Hair and Nails.

People taking Anti-Aging supplements will get a greater result in adding Vitamin C in taking their supplements.

In Taking Vitamin C, make sure you are using its safest form. Bewell-C Sodium Ascorbate, a nonacidic Vitamin C is safe to be taken in large doses to get its full potential.

Bewell-C Sodium Ascorbate is available in all leading drugstores nationwide and on Lazada Online Shopping: http://www.lazada.com.ph/ bewell-nutraceuticals-corporation/. For more updates and promos, Follow their FB: https://www.facebook.com/ bewellcsodiumascorbate.

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wednesday|April 5, 2017

Jun Camacho launches solo exhibit anew AFTER his successful solo exhibition in 2015, Jun Camacho once again launched another exhibit at Limketkai Mall just last month. This second solo endeavor is a collection of 21 paintings comprised of oil and acrylic on canvas, portraying a bounty of Blooms as they capture the grace and luminosity of his floral subjects with sensual precision in ways that not all photographs can.

Considered as one of the few prolific artists in Cagayan de Oro, Camacho focuses on the sensual nature of art aiming to depict the complications of life through a combination of color, texture, water and symbolism. His works have been a favourite collections of so many around him.

After retiring from government, Jun found his artistic calling and his art practice pushed him to produced artworks to inspire the viewers and aspiring artists in the city.

Over the years, Camacho’s mastery of the medium has in the past created an entire collection of floral paintings – technically adept and aesthetically delicate renderings that can instill a sense of wonder at the creations of nature. His flowers derive their force from their fusion of intimacy and monumentality: they imply that the viewer has suddenly become quiet – they are majestic worlds unto themselves.

Jun believes that there are three Ps in attaining prominence in the field of visual arts: practice, patience and perseverance.

CHRIS GOMEZ

Photos by MARK FRANCISCO

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wednesday|April 5, 2017

Halal...

PLDT...

address four key areas.

These are the consensus on certification requirements that avoid confusing, contradictory and costly requirements; protect the integrity of halal certification in order to avoid loss of confidence by consumers; ensure that claims regarding health and safety are based on science and not on shariah alone; and, address the relative l a ck of i n for mat i on on halal markets.

A R M M G o v. Mu j i v Hataman was quoted in the statement as saying the development is in line with their promotion to make the Polloc Freeport and Ecozone in the town of Parang, Maguindanao province as the “halal hub” of the country.

Hataman also underlined the needed market for halal producers in ARMM. “ T h e A R M M government is continually working to open the possibilities of the halal market in the region as well as the country (to our local producers),” he said.

Habib Ghanim, chief executive officer of the U. S . Ha l a l C h amb e r of C ommerce, led a group of experts in briefing the Philippine delegation on business opp or tunities, as well as challenges, in the U.S. halal trade, the statement said.

Fo r h i s p a r t , P E Z A Director-General Charito Plaza said the initiatives will help economic zones (ecozones) in Mindanao to position themselves in the halal market.

“I believe that this will go a l ong w ay tow ard s ensuring the empowerment of ecozones of Mindanao,” she said.

Under Muslim customs and traditions, consumers must be assured that the food they consume meets halal requirements from “farm to plate.”

The use of pork or its d e r iv at ive s are “ h ar am (forbidden) in Islam.

Estimates showed that t he re are c u r re nt ly 1 . 8 billion Muslim individuals worldwide.

speeds of over 20 megabits per second (Mbps).

The LTE upgrade is now under way in Metro Manila and Metro Cebu, where improvements in data speeds are being experienced in areas where new LTE facilities have already been installed.

Higher data speeds of 80 to 90 Mbps have been registered in selected areas where LTEAdvanced (LTE-A) facilities have been activated.

LTE-A can deliver higher data rates by combining two or more frequency bands using carrier aggregation technology.

Gordon said Rotarians can partner with the Red Cross for a more effective disaster and emergency assistance.

-ooo WATCH “ANG TANGING DAAN”, “KAKAMPI MO ANG BATAS”, AT FB LIVE: Please watch “Ang Tanging Daan”, a round-the-clock Bible Exposition and prayer session at www.facebook. com/angtangingdaan, and to “Kakampi Mo Ang Batas”, a legal counseling an d n e w s c om m e nt ar y program at www.facebook. com/kakampimoangbatas.

Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@ yahoo.com.

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Batas...

because the tragedy is sure to strike,” Gordon explained.

When the earthquake does happen, the consequences are staggering, according to a presentation made by Gordon: expected to be destroyed or damaged are the following: some 1 . 3 m i l l i on re s i d e nt i a l structures; 38% of the 1030 story buildings (or some 981 tall structures); 14% of the 30-60 story buildings (119 of them), and 30-35% of public buildings.

-ooo 51,000 DEATHS FROM BIG QUAKE IN METRO: Some 33,500 people will be killed instantly, while some 18,000 deaths will happen from fire. Around 114,000 people will sustain various injuries. Nine bridges might be affected, while about 4,000 water pipes or joints will break. Thirty kilometers of electrical cables will be cut, while 95 kilometers of communication cables will also be cut.

These figures, Gordon said, came from the Metro Manila Earthquake Impact Reduction Study which JICA, in coordination with the Metro Manila Development Authority and the Philippine Volcanology and Seismology Administration, prepared and later disclosed.

For those injured, the problem will be worsened by the fact that there will only be some 30,000 hospital beds that could be available, thereby disabling a lot of p e o p l e f ro m re c e i v i n g immediate treatment.

Taxes...

it was originally supposed to pay.

And despite president Ramon S. Ang’s wheelingand-dealing image, the s p r aw l i n g S a n M i g u e l conglomerate had actually coughed out a range-busting 36.88 percent income tax rate in 2015.

That was way, way up from a Kim Henares-unfriendly 6.74 percent rate that San Miguel had forked out in 2013.

SGV eats Isla Lipana’s breakfast Isla Lipana’s losing the Pilipinas Shell account last year had cost the agency P31.6 million in foregone revenues.

That P31.6-million package went instead to SGV, thanks to a decision made halfway round-theworld by Shell’s UK parent.

Despite having served for only three out of the locally-required five-year rotation rule, Isla Lipana has had to resign the Pilipinas Shell account after Shell UK awarded through competitive bidding its global external audit account to Ernst & Young, SGV’s foreign partner.

Before that, Isla L i p a n a’s p a r t n e r, PricewaterhouseCoopers, had b e en R oya l D utch Shell’s auditor since 2005, having served the maximum five years plus five-year extension rule imposed by UK regulators.

From the P7.3-million fee paid to Isla Lipana in 2015, Pilipinas Shell was m ore m ag n an i m ou s to

SGV, last year forking out P31.6 million to the new legumaticians.

Exactly P10 million of that amount was booked as the initial public offering fee paid to SGV. For 2017, SGV expects to collect “almost the same remuneration as in the previous year,” new Pilipinas Shell president Cesar Romero said in a report ahead of the May 16shareholders’ meeting.

Heard through the grapevine Unlike the other leading foreign cola that “revives and sustains” its drinkers with a boost of imported high fructose corn syrup, Pepsi-Cola maintains that it has escaped the consumer boycott being instigated by the Negros sugar planters against the other player b e c au s e “t h e c omp any purchases (its) sugar requirements domestically because of import restrictions imposed by the Philippine government.”

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

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City Branch 22 OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE EJF File No. 2017-094 Upon Extra-Judicial petition for sale under Act 3135 as amended filed by HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG FUND, mortgagee, with office address at Pag-ibig Building, J.R. Borja St., Cagayan de Oro City, against ARDEN A. ABALOS, single, mortgagor/s, of legal age/s, Filipino/s with postal address at Lot 15, Block 8, Mindanao Homes Subdivision, Pagatpat, Cagayan de Oro City, to satisfy the mortgaged indebtedness which was as of February 14, 2017 amounts to ONE HUNDRED FORTY SEVEN THOUSAND SEVEN HUNDRED TWENTY NINE PESOS and 24/100 (P 147,729.24) Philippine Currency including interest & penalty charges, excluding attorney’s fees and expenses of foreclosure, the undersigned sheriff will sell at public auction on May 8, 2017, at 10:00 a.m. or soon thereafter at the City Tourism Hall, City Hall, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the herein described property and all improvements thereon to wit: TRANSFER CERTIFICATE OF TITLE NO. T-207552 A PARCEL OF LAND (Lot 15, Block 8, PCS-10-001793, being a portion of M Resultant Lots of Blocks 1 to 10 and Road Lots 1 to 9 of Psd-10-024527). Situated in the Barrio Pagatpat, City of Cagayan de Oro, Island of Mindanao. Containing an area of SEVENTY TWO (72) SQUARE METERS more or less.

Prospective buyers/bidders may investigate for themselves the title of the herein described property and encumbrances thereon, if any there be.

CDO AllMAIN sealedBRANCH bids must be submitted to the undersigned DIVISORIA BRANCH on the above stated timeBldg., and Tiano date. Brothers P & J Lim Atty. Erasmo B. Damasing Bldg., #61 Donnot A. Velez St., on the said Kalambagohan In the eventSts., the public auction should take place Tel. #it(08822) * de Oro City notice. date, shall be727-829 on the next workingCagayan day without further # (088) # (088) 857-3631 Telefax Cagayan de856-1947 Oro City, March 22,Tel. 2017 CAMIGUIN BRANCH

LAPASAN BRANCH

Mambajao, Camiguin Tel. # (088) 387-0491

Cagayan de Oro City Tel. # (088) 231-6739

B. Aranas St., Poblacion, FOR THEPROVINCIAL EX- OFFICIO SHERIFF: Lapasan Hi-way,

CORRALES BRANCH

Corrales Ave.,

Cagayan City BWM: Aprde5,Oro 12 & 19, 2017

(Sgd.) JOEL LYDVEL G. PAKINO CARMEN BRANCH Sheriff IV

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

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA- JUDICIAL SALE EJF -2017-158 Upon extra — judicial petition for sale under Act 3135 as amended by Act 4118 filed by UCPB SAVINGS BANK , as mortgagee against KARLO L. KARDENAS married to VICENTA R. KARDENAS , as mortgagor, to which the indebtedness as of March 31, 2017, amount of ONE MILLION TWO HUNDRED EIGHTY FOUR THOUSAND FIVE HUNDRED SIXTEEN AND 07/100 ( 1, 284,516.07) inclusive of interest and penalty charges, attorney’s fees and expenses of foreclosure, the undersigned will SELL TO PUBLIC Auction on MAY 8, 2017 at 10:00 o’clock in the morning at the entrance door Regional Trial Court Branch-23,City Tourism Hall, Cagayan de Oro City, to the highest bidder for cash or manager’s checks and in Philippine Currency, the following described properties, to wit; TRANSFER CERTIFICATE TITLE NO. T-141980

A PARCEL OF LAND ( Lot 5, Block 3 , of the cons.subd. plan Pcs-10-001578, being a portion of Lots 1&2,Pcs-10-000697, Lot 19850-A, Psd-10-022110, Lots 19671 & 19849, Cad-369-D, Cagayan Cadastre Ext., ) . Situated in the Barangay of Puerto , City of Cagayan de Oro, Island of Mindanao. Containing an area of THREE HUNDRED FOUR (304) sq. meters more or less.

All sealed bids must be submitted to the undersigned on the above -stated date, time and place.

In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication.

Prospective buyers/bidders may investigate for themselves the title herein above-described and encumbrances thereon, if any there be.

Done this March 31, 2017 in the City of Cagayan de Oro, Philippines.

(Sgd.) RICO A. REMALIG

Sheriff IV BWM: Apr 5, 12 & 19, 2017

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wednesday|April 5, 2017

Fires... from page 1

trustworthy government by addressing issues like corruption.”

The Philippine Star on April 3 reported that Sueno was at loggerheads with three of his undersecretaries who

accused him of corruption and other abuses, that, among others, he built a hotel in Koronadal City, purchased trucks for his rice business, tried to intervene to clear a mayor from Misamis Occidental who was on the narco list, that he allowed the purchase of fire trucks at

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 41 Cagayan de Oro City PETITION FOR EXTRA JUDICIAL EJF NO. 2017- 093 FORECLOSURE OF REAL ESTATE MORTGAGE UNDER 4 ACT 3135 AS AMENDED BY ACT 4118

FOR: HOME DEVELOPMENT MUTUAL FUND(Pag-Ibig), EXTRA-JUDICIAL FORECLOSRE

Petitioner, REAL ESTATE MORTGAGE RHODA S. PADIOS, Respondent. x--------------------/ NOTICE OF EXTRA-JUDICIAL SALE Upon extra-judicial petition for sale under Act. No. 3135/4118 filed

by HOME DEVELOPMENT MUTUAL Fund(Pag-lbig), against RHODA S. PADIOS, married to JOBELLE B. PADIOS, both of legal age, Filipino citizens with postal address at #87-A, BACONGA ST., LAPASAN, CAGAYAN DE ORO CITY, to satisfy the mortgage indebtedness which as of February 14, 2017, amounts to ONE MILLION FOUR HUNDRED THIRTY THREE THOUSAND ONE HUNDRED TWENTY NINE PESOS & 05/100 (P1,433,129.05), Philippine Currency, inclusive of interest; penalties, charges, attorney’s fees and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on May 17, 2017 at 10:00 A.M. at the main entrance of this Court, Regional Trial Court, Branch 11. Capitol Compound, A. Luna St., Cagayan de Oro City, to the highest bidders, for cash or manager’s check and in Philippine Currency, the following personal properties, to wit: TRANSFER CERTIFICATE OF TITLE NO T-163454 A PARCEL OF LAND (Lot 3741-B-1-A-2-C, PSD-10- 010293, being a portion of Lot 3741-B-1-A-2, Psd-10-009119). situated in the Barrio of Lapasan, City of Cagayan de Oro, Island of Mindanao, containing an area of ONE HUNDRED FIFTY (150) SQUARE METERS, more or less including all improvements existing and to be constructed/erected thereon.

All sealed bids must be submitted to the undersigned on the abovestated date, time and place.

In the event the public auction should not take place on the said date for whatever reason, the same will proceed on the following- working day, without further notice, posting and publication.

Prospective buyers may investigate for themselves the property herein-above described and encumbrances thereon, if any there be.

Cagayan de Oro City, March 17, 2017.

BWM: Apr 5, 12 & 19, 2017

(Sgd.) ALDEN V. SAMBAAN Sheriff IV

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 24 Cagayan de Oro City HDMF (PAG-IBIG), Mortgagee,

-versus-

IVY S. GUANTERO, Mortgagors. x---------------/

FILE NO. 2017 - 140 FOR: EJF OF REAL ESTATE MORTGAGE UNDER ACT 3135

SHERIFF’S NOTICE OF SALE Upon extra-judicial petition for sale under ACT 3135 as amended filed by HDMF (PAG-IBIG) mortgagee, against IVY S. GUANTERO mortgagor, resident of 334 LOURDES CORRALES STREET, APOVEL SUBDIVISION, BULUA, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of November 28, 2016, amounts to (P 663,866.81) excluding penalties, charges, attorneys fees and expenses of foreclosure, the undersigned Sheriff will sell at Public Auction on April 24, 2017 at 9:00 A. M. or soon thereafter at the main entrance of TOURISM HALL CITY HALL, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the properties with all its improvements to wit: TRANSFER CERTIFICATE OF TITLE NO. T-207630 A PARCEL OF LAND, (Lot 22, Block 4, of the subdivision plan (LRC) Psd-169564 being a portion of Lot 11, (LRC) Pcs-8974 LRC Cad. Record No. 1612). Situated in the District of Bulua, City of Cagayan de Oro, Island of Mindanao. Bounded on the NE., points 4 to 1 by Lot 21; on the SE., points 1 to 2 by Lot 23; on the SW., points 2 to 3 by Lot 24 (Alley); all of Block 4; and on the NW., points 3 to 4 by Road Lot 3; all of the subdivision plan. Containing an area of TWO HUNDRED FIFTY (250) SQUARE METERS MORE OR LESS. Prospective buyers may investigate for themselves, in the event of Auction Sale cannot take place for whatever legal reason the sale will proceed on the following day, without further notice, posting and publication, the title here in above describe and encumbrance thereon, if any there be.

Cagayan de Oro City, Philippines, March 20, 2017.

(Sgd.) TERESITO C. ESTENZO

Sheriff IV BWM: March 29, Apr 5 & 12, 2016

P20 million each or almost thrice what could have been purchased at P7 million.

Sueno denied the accusations.

He told the Star that he asked Duterte in a meeting l a s t m ont h t o re m ov e Un d e r s e c re t a r i e s Jo h n Castriciones (Operations); Jesus Hinlo (Public Safety); and Emilie Padilla (Legislative Liaison and Special Concerns), citing “irreconcilable differences.”

Like Sueno, the three undersecretaries are members of the MRRD-NECC. The Star reported that Sueno’s move was in reaction to a four-page unsigned letter addressed to Duterte, a copy of which was obtained by the newspaper, containing the allegations against Sueno and urging the President to remove Sueno “otherwise he will create more harm against the DILG (Depar tment of the Interior and Local Government) and cause injustice to the Filipino people by abusing his power and position.”

In a press release issued by the DILG on Monday, Sueno denied he is abusing his power and position as head of the DILG. “Mula noon hanggang ngayon, malakas ang adbokasiya ko laban sa corruption. Pareho kami ng paniniwala at ng paninindigan ng Pangulong Duterte laban dito. Kaya imposible ang mga akusasyon nila laban sa akin” (Then and now, I am strong in my advocacy

to fight corruption. I share with President Duterte the same belief and commitment Sueno said at the flag-raising ceremony Monday.

He said it appears that “from the very start, they want my head and are out to discredit me because they want somebody else to head the Department.”

Su e no a l s o m a d e it clear that he never told the Undersecretaries that their loyalty should be to him, and not to the President, as alleged in the letter.

“This is a big lie. My prayer has always been for God to make me humbler than I was yesterday. I have always recognized the authority of the President and in the same way, I have encouraged my officials to do the same,” the DILG press release quoted him as saying.

Sueno said he serves at the pleasure of the President.

“Whatever the President’s decision may be, I believe that it will be a wise one,” Sueno was quoted as saying.

Monday’s flag ceremony at the DILG turned out to be the last for Sueno, and the Cabinet meeting the last he attended in his nine-month stint as Local Governments Secretary.

Income...

from page 1 the leaner P1.51 billion from a year ago.

On revenue stream basis, the company posted 42-percent surge to P7.07 billion from P4.97 billion

level in 2015, also due to the SEC plant’s commercial take-off.

The Alcantara-led firm emphasized that the generally favorable financial performance was driven by added revenues from the first 105-megawatt block of the Sarangani facility.

This is the same plant t hat President Ro dr igo Duterte had inaugurated commercially last January; while breaking ground for the construction of the plant’s second unit of the same 105MW capacity.

“Earnings before interest, taxes, depreciation and amortization (EBITDA) jumped 52-percent from P1.78 billion in 2015 to P2.69 billion in 2016,” the company has emphasized further.

“The first section of the SEC plant began operating in April of 2016, providing mu ch - n e e d e d b a s e l o a d power to over 3.0 million p e opl e re s i d i ng i n t he provinces of Sarangani, Compostela Valley, Agusan del Norte and Agusan del Sur; as well as the cities of General Santos, Iligan, Butuan and other major population centers of Mindanao,” Alsons said.

Further, it was noted t hat ACR’s net income attributable to the parent was 69-percent higher to P3 1 7 mi l li on f rom t he previous year’s P188 million.

That translated to earnings per share of P0.05 from P0.02 per share.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 18 Cagayan de Oro City HOME DEVELOPMENT MUTUAL FUND EJF FILE NO. 2017-105 Or PAG-IBIG FUND Mortgagee, -versus- FOR: EXTRA-JUDICIAL

FORECLOSURE OF REAL NEIL IAN C. CASTRO ESTATE MORTGAGE Mortgagor, x-----------------------------------------/ Upon extra-judicial petition for sale under Act 3135 as amended, filed by HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG FUND, Mortgagee, with branch office at Pag-Ibig Fund Bldg., J.R. Borja St., Cagayan de Oro City, against NEIL IAN C. CASTRO, Mortgagor, with postal address at Cacao Lane, Kauswagan, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of February 16, 2017, amounted to NINE HUNDRED NINETY THREE THOUSAND NINE HUNDRED SIXTY EIGHT PESOS and 26/100 (Php 993,968.26) Philippine Currency, inclusive of interest and penalty charges, the undersigned Sheriff will sell at public auction on April 12, 2017, at 9:00 a.m. to 4:00 p.m. at the Regional Trial Court, Branch 18, Hall of Justice (City Tourism Hall), Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the following property described below including all existing improvements found thereon, to wit: Transfer Certificate of Title No. T-180440 A PARCEL OF LAND (Lot 14, Block 24, Psd-104305-017450, being a portion of Lot 3017-B, Psd-10-000818), situated in the Barrio of Carmen and Pagatpat, City of Cagayan de Oro, Island of Mindanao, containing an area of ONE HUNDRED FORTY TWO (142) SQUARE METERS, more or less.

All sealed bids must be submitted to the undersigned on the above-stated time and date.

In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication.

Prospective buyers may investigate for themselves the title herein above described and encumbrance thereon, if any there be.

Cagayan de Oro City, March 15, 2017.

FOR THE EX-OFFICIO PROVINCIAL SHERIFF

(SGD.) NIZA P. TACANDONG Sheriff IV

BWM: Mar. 22, 29 & Apr. 5, 2017

Tax...

11

from page 1

Tionko.

LTD –Davao bureau chief Avia Globasa said the opening of the LTD office would serve large taxpayers who have been contributing more than 60 percent of the BIR’s tax collection.

Globasa said that large taxpayers contributed 62.44 per cent of BIR’s overall collection target in 2016, which is P2 trillion.

“In 2016, we had a 62.44 per cent or P924 billion contribution to the bureau’s collection and for this year, we hope to contribute 65 percent to the target collection,” Globasa said.

Initially, LTD–Davao already enlisted 219 large taxpayers in Mindanao area. Globasa said the list is just a starter for the opening of the Davao office, which is the sixth LTD office in the country with one in Cebu City and five at the National Capital Region.

Under BIR Revenue Regulation No. 17-2010 issued on December 14, 2010, the Commissioner of Internal Revenue (CIR) is authorized to prescribe the place for payment of internal revenue taxes by large taxpayers and prescribing the coverage and criteria for determining large taxpayers.

Large taxpayers include corporations with an authorized capitalization of at least P00 million, multi-national enterprises with an authorized capitalization or assigned capital of at least P300 million, and universal, commercial and foreign banks, among others.

(PNA)

Republic of the Philippines SUPREME COURT REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE CLERK OF COURT AND EX-OFFICIO SHERIFF (HMDF) PAG-IBIG FUND EJF FILE No. 2017-126 Mortgagee,

-versus- For: Extra-Judicial Foreclosure

Of Real Estate Mortgage under

Act 3135, as amended by Act No. 4118 JOEL B. KIAMCO married to ELMA C. KIAMCO Mortgagor X - - - - - - - - - - - - - - - - -/ NOTICE OF EXTRA JUDICIAL SALE EJF FILE No. 2017-126 Upon extrajudicial Petition for Sale under Act 3135 as amended, filed by (HDMF) PAG-IBIG FUND, against JOEL B. KIAMCO married to ELMA C. KIAMCO, both of legal age Filipino citizen, with postal address Lot 32, Block 03, PCS-10-004225, PAG-IBIG CITI HOMES, PHASE 3, MALANANG, OPOL, MISAMIS ORIENTAL to satisfy the mortgage indebtedness which amounts to FIVE HUNDRED FIVE THOUSAND FIVE HUNDRED EIGHT PESOS & 20/100 (P505.508.20), Philippine Currency, inclusive of interest and penalty charges as of FEBRUARY 24, 2017, the undersigned will sell at public auction on APRIL 17, 2017, at 10:00 A.M. to 4:00 P.M. AT THE REGIONAL TRIAL COURT, City Tourism Hall, Cagayan de Oro City to the highest bidder, for cash or manager’s check and in Philippine Currency, the following property described below including all existing all existing and future improvements thereon, to wit: TCT NO. - 136-2015000222 LOT: LOT 32, BLOCK-3,PCS-10-004225 CONSOLIDATION-SUBD: LOT 6,PCS-10-003972 AND : LOT 1, BLOCK 24, PSD-10-059077 AS SURVEYED FOR: JOHNDORF VENTURES CORPORATION (PAG-IBIG CITI HOMES, PHASE-3) LAND USE: (RESIDENTIAL) LOCATION: MALANANG, OPOL, MISAMIS ORIENTAL. CONTAINING AN AREA: NINTY FIVE (95) SQ. M. MORE OR LESS, BEARING : TRUE DESCRIPTION OF CORNER : ALL PTS. ARE PS. ORIGINAL DATE SURVEY : NOV. 1929-1933 SUBDIVISION DATE SURVEY : APRIL 12-18, 2009 DATE APPROVED: DEC. 8, 2009 GEODETIC ENGINEER: EDUARDO M. APALLA.

All sealed bids must be submitted to the undersigned on the above stated time and date.

In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication.

Prospective buyers may investigate for themselves the title herain-above described and encumbrances thereon, if any there be.

Cagayan de Oro City, MARCH 17, 2017.

BWM: March 22, 29 & April 5, 2017

(Sgd.) EFREN G. MACABAYA Sheriff IV

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12

Wednesday | April 5, 2017

MyPhone inked It’s Showtime’s Hashtag Jimboy, Paulo and Jon

M

yPhone officially launched Hashtags Jon Lucas, Jimboy Martin, and Paulo Angeles as their newest endorsers, during a contract signing and press conference last March 30 (Thursday) at Green Sun, Makati.

Jon, Jimboy and Paulo are part of the original members of Hashtags and can be seen daily at It’s Showtime.

According to Jon, this is an answered prayer.

“Nagpapasalamat po ako sa Panginoon na ngayon parte na ako ng pamilya ng MyPhone.

Last year naka-trabaho sila Kuya Inyi, Kyle at Devon sa isang show sa Bohol. Nakita ko yung masayang pamilya, yung maalagain pamilya. Kaya ipinalangin ko na sana talaga maging bahagi din ako ng pamilyang ito. at eto na, Answered prayer.”

When asked why did they chose to endorse MyPhone, Jimboy said that because it is a Pinoy brand. “Nung nalaman ko po na magiging parte ako ng MyPhone. Na-excite talaga ako, Malaki po kasi ang respeto ko sa mga Produktong

Pinoy, at isa na riyan ang MyPhone.

Nagpapasalamat po ako sa tiwala na ibinigay sa amin ng MyPhone para maging ambassadors nila.”

Paulo said that he’s beyond grateful for this opportunity. “I am beyond grateful.

We are like twelve sa hashtag and I am lucky enough to be chosen as one of the newest ambassadors of MyPhone.“ The number one Pinoy Phone brand also announces the renewal of contract of their current endorsers Kyle Vergara and Devon Seron.

During the signing, Kyle who is now at his 4th year in MyPhone said that he is thankful that he is still part of the MyPhone family.

“Nagpapasalamat po ako sa MyPhone na hanggang ngayon ay parte parin ako ng masayang pamilyang ito. Halos nalibot ko na, namin ni Ate Devon ang buong Pilipinas pag may out of town shows.

Actually dito ko na nabuo yung confidence ko eh. I am beyond Thankful. I am proud to endorse MyPhone dahil ito po talaga ay tatak Pinoy”

Kapuso star Kyle Vergara renews his 4th year contract as MyPhone ambassador

Paulo Angeles

Meanwhile, Devon, for the record is the longest contract endorser of MyPhone.

It is her sixth year with the leading local phone brand. “Sobrang grateful po ako na hanggang ngayon ay pinagkakatiwalaan pa rin po ako ng MyPhone. Dito na po ako nagdalaga at sobrang supportive ng MyPhone family ko tuwing may shows or movie ako, lagi silang naka-support. I am truly grateful and blessed na sa looban

jimboy martin

ng anim na taon hindi nila ako pinabayaan, pinagkakatiwalaan pa rin nila ako. I am truly grateful sa aking MyPhone family,” said teary eyed Devon during the press conference.

According to Inyi Yruma, Digital Marketing Head of MyPhone, He said that the five young stars complement each other. “We are happy to form the group and Nagco-complement sila sa bawat isa, Maybe because they all look

Kapamilya star Devon Seron is MyPhone’s longest endorser now for six years

Pinoy, They are role models specially to their huge followers online, bagay na bagay sila sa campaign namin this year na “Bida Ang Pinoy”. This year we aim na ipakilala ang MyPhone na nanatiling Tatak Pinoy at Tatak Matibay na phone brand, ipakilala ang mga magagandang katangian ng Pinoy.

We want to put more emotions for our consumers na we are not just a phone brand but we also promote our values as Filipinos. Through our ambassadors na tatawagin natin as “MyPhone Bida KaTropa Warriors”, we are confident to touch the hearts of more of our kababayan especially Online.

According to Kevin Tan, MyPhone’s Vice President, signing these young stars as ambassadors is just the first step in transitioning to Multimedia platform.

“As you all have known, last year we announced that MyPhone is no longer just a phone manufacturer but now a Multimedia company.

With this we aim to change the game, we are now developing apps like AGILA Rewards, a lock screen app available for all android phone user, it gives rewards to its user and a chance to win 1 Million pesos which is

jon lucas

extended until April 30. Our direction is to be pro-active in Digital Marketing. You see, this group of young stars has a common denominator, and that is aside from being a celebrity, but they are very active on their social media, they are all influencers, and we are very proud to introduce to you our MyPhone Bida Ka-tropa Warriors.”

Joining Devon Seron, Kyle Vergara, Hashtags Jon Lucas, Jimboy Martin and Paulo Angeles is Angelica Villaflor, a 17 yearold talented girl who is famous in Facebook right now with her Vines videos, and the award winning DJ of MOR 101.9, DJ Chacha.

According to MyPhone, aside from building more digital contents like AGILA Rewards, a lock screen app that rewards its android phone users in daily and weekly draws, and 1 million pesos on the grand draw that is extended until April 30, MyPhone will be very active too on on-ground events like mall shows and campus tours.

Follow MyPhone’s social media account for more updates: www. facebook.com/myphone | www.twitter. com/myphoneofficial | www.instagram.com/ myphoneofficial | www. youtube.com/myphonedigital