BusinessWeek Mindanao (April 8, 2020)

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Briefly Visita Iglesia THE faithful can observe Holy Week practices through an online Visita Iglesia as the enhanced community quarantine against the coronavirus disease 2019 (Covid-19) remains in effect.

Monsignor Pedro Quitorio, Catholic Bishops' Conference of the Philippines (CBCP) Media Office director, said the online Church activity was introduced nine years ago to cater to Filipinos overseas who are away during the annual Church occasion.

“Since 2011, Visita Iglesia has been serving Filipinos in foreign countries where going to physical church or parish was difficult or impossible. It also helped Filipino seafarers, the sick and those, for one reason or another, could not make it to churches during Lent, Holy Week and Easter," he said in a statement.

IN-DEPTH

Wednesday|April 8, 2020

P15.00

Thank you for trusting us!

FOR DIVINE INTERVENTION:

Black Nazarene to bless devotees via motorcade

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By FROILAN GALLARDO

HE life-sized image of the Black Nazarene in Cagayan de Oro will be brought out from the Lapasan Parish Church for a motorcade around the main streets here instead of the usual procession, the only publicly permitted religious event in the locality for the Holy Week as the nation grapples with the coronavirus disease 2019 (COVID-19) pandemic, religious and city officials said.

Monsignor Rey Manual Monsanto, of the Cagayan de Oro Archdiocese, said the religious image will be carried on the back of a pick-up or truck and will be paraded around the city.

He said a priest would ride with the Black Nazarene to give drive-by blessing to devotees in their houses.

Mo n s a n t o s a i d t h e motorcade of the Black MOTORCADE/PAGE 11

GOOD FRIDAY MOTORCADE. The life-size image of the Black Nazarene of the Nazareno church in Cagayan de Oro City is being prepared for a Good Friday motorcade around the city streets for a drive-by blessings to devotees. mindanews photo by froilan gallardo

Normin top schools back frontliners in fight vs Covid-19

Davao tightens grip DAVAO City – Mayor Sara Z. Duterte has assured Dabawenyos that banks, groceries, money remittance centers will not close should the city be placed under enhanced community quarantine (ECQ) to contain the 2019 coronavirus disease (Covid-19).

In an interview over a radio program on Monday, Duterte urged residents to remain calm because essential services will continue to operate just as it does under the current community quarantine level.

She said the public will be given advance notice should ECQ be implemented if residents fail to comply with the current quarantine restrictions.

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

By MIKE BAÑOS, Editor-at-Large

THREE of Northern M i n d a n a o ’s l e a d i n g universities are in the thick of the fight versus the

COVID-19 pandemic through their campus laboratories.

Xavier University-Ateneo SCHOOLS/PAGE 9

STREET SWEEPER. A street sweeper cleans the sidewalk despite the community quarantine imposed by Iligan City government to prevent the spread of corona virus. photo by gerry lee gorit

Waterpark repurposes machine to produce surface disinfectant

By MIKE BAÑOS, Editor-at-Large

SINCE t he S e ven S e as Waterpark and Resort was shuttered on March 17 in response to the government’s

plea to help curb the spread of COVID-19, the facility, hailed as “Mindanao’s Showcase of Sustainable Tourism” has lain

idle except for a skeleton crew cleaning and maintaining its various attractions.

However, that wasn’t going to stop UC-1 President and PRODUCE/PAGE 11

GOOD CATCH. Fisherman Jun Golgat of Barangay San Roque in the municipality of Pilar, Siargao Island sells lobsters caught in the wild at P1,000 a kilo, much cheaper these days with the absence of tourists because of the quarantine imposed with the threat of the coronavirus disease (COVID-19) lurking everywhere. photo by roel catoto/mindanews

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Local

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WEDNESDAY|APRIL 8, 2020

BARMM warns traders on overpricing, hoarding

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OTABATO City – Regional trade officials in the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) has vowed on Friday to penalize hoarders or businessmen overpricing their commercial goods amid the region-wide quarantine due to the 2019 coronavirus disease 2019 (Covid-19).

Abuamri Taddik, BARMM’s head of the Ministry of Trade, Investments, and Tourism

(MTIT), said prices of food supplies and other commodities in the region remain stable. There are also no reported hoarding activities within BARMM, he added.

Since the enhanced community quarantine (ECQ) was imposed in the region, Taddik said the provincial MTIT personnel have reminded traders in their respective areas of Republic Act 7581, or the Philippine Price Act. Taddik said the regional price freeze

order was meant to ease the plight of residents and cushion the impact of ECQ due to the government’s anticoronavirus campaign.

“The business sector in BARMM is cooperating with our efforts to lighten the situation of residents whose means of livelihood and mobility were affected in the process,” he said.

Should anyone monitor overpricing by some traders, Taddik said all they have to do is alert MTIT provincial offices so appropriate action

can be taken against unscrupulous traders.

BARMM is composed of the provinces of

Maguindanao and Lanao del Sur, both in mainland Mindanao, the islandprovinces of Basilan,

Sulu and Tawi-Tawi, and the cities of Cotabato, Lamitan and Marawi.

(PNA)

PPA distributes aid to Agusan Norte porters BUTUAN City – A total of 60 porters at the Nasipit Port in the Agusan del Norte town of Nasipit received grocery goods to ease the impact of the quarantine measures being implemented to contain the spread of 2019 coronavirus disease (Covid-19).

In a Facebook post

on Friday, the Philippine Ports Authority Port Management Office in Agusan del Norte (PPA-PMO-Agusan del Norte) underscored the contributions of the porters in the facility's operations.

“They rely on their main source of income through porterage services and

are considered most adversely affected among the port community because sea travels were suspended amidst the Covid-19 pandemic,” the PPA-PMO-Agusan del Norte said.

The operations in the Port of Nasipit -- particularly for incoming passenger vessels -- were temporarily suspended by the local government on March 14 this year as a precautionary measure to prevent the spread of Covid-19.

In an earlier interview, PPO-PMOAgusan del Norte manager Mildred J. Padilla said regular trips of passenger vessels to Nasipit Port have been suspended.

Padilla said a passenger vessel ferries passenger on Mondays, Wednesdays, and Fridays from Cebu to Nasipit while another sea craft docks at the port on Tuesdays and Thursdays from Jagna, Bohol.

A passenger ship docks once a week at Nasipit Port that ferries passengers from Manila via Cebu, she added.

The distribution of grocery packages to the affected porters on Friday was also supported by private groups, particularly the vessel operators. (PNA)

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WEDNESDAY|APRIL 8, 2020

Globe addresses loading concerns of prepaid customers through loan credits without service fees WITH the majority of Filipinos now at home due to enhanced community quarantine,

Globe is providing its customers with a way to borrow load or subscribe to promos

so they can remain connected with their loved ones and social circles during this time

of crisis.

Globe’s load and promo loans provide a safer alternative

SM DISTRIBUTES PPEs AND MEDICAL SUPPLIES TO OVER 50 HOSPITALS NATIONWIDE. SM Foundation recently began distributing over P170 million worth of PPEs and medical supplies to over 50 hospitals nationwide to be of service in the fight against COVID -19. These include ICU-grade ventilators; test kits including the local Manila Healthtek kits developed by the UP-NIH team, and FDA-approved PCR kits from Korea; and personal protective equipment for healthcare workers. The Philippine General Hospital, the Research Institute for Tropical Medicine (RITM), the Lung Center of the Philippines were among the recipients. Photo shows Medical City Manila medical frontliners in their new PPE outfits.

that Globe and TM customers may avail of since they cannot go out to the store or any loading center to buy prepaid load. Service fees are temporarily waived to ease the burden customers are faced with at this time.

“We are constantly looking for ways to support our customers especially with the current health situation. We understand that many of our customers may be struggling financially or have no access to load or mobile services because of the ECQ in many areas.

Through Globe’s load and promo loans, we hope we can help our customers especially at this time,” said Diane Bautista, VP, Globe Feel Valued Tribe.

Eligible prepaid

customers can avail of loan products from P5 to P50 in the form of load and promo. Those not qualified for load and promo loans may avail of emergency services comprising 5MB of data for P5 or 3 texts to Globe/TM and 1 load for P4. The borrowed amount will only be collected once they top up.

Customers may dial *143# on their mobile phone and choose “Loans” for Globe or “Utang” for TM to check the available load loan, promo loan and emergency text or data services.

Although customers may still see a service fee in the menu description when they visit *143#, Globe gives the assurance that the said fees are waived until April 15, 2020.

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Opinion

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BUSINESSWEEK MINDANAO CORPORATION Publisher DANTE M. SUDARIA President/CEO

VICENTE C. DELA VICTORIA Vice President for Operations JOE FELICILDA Vice President for Administration JOHN AARON M. DEL BANDO Vice President for Events and Promotions JOE PALABAO Vice President for Marketing ROSE MARIE D. SUDARIA Vice President for Finance MIKE BAÑOS Vice President for Digital

NELSON CONSTANTINO Editor-in-Chief

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Feature Editor

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JEROME DE LA FUENTE

On March 16, President Rodrigo Duterte announce d t he Met ro M a n i l a’s m o n t h - l o n g ENHANCED COMMUNITY QUARANTINE In light of the COVID-19 outbreak.

In line with this new order, here are the guidelines: ALL CLASSES AND SCHOOL ACTIVITIES ARE SUSPENDED Classes and all school activities in all levels are suspended until April 14, 2020 and will resume on

Cell No: 09352379999

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

Sleep walking Think a minute . . . This is a true stor y about an American president you probably have never heard of. In March, 1849, President James Polk was finishing his term as the U.S. president. The newly elected president, Zachary Taylor, was scheduled to start his term on 4 March.

But 4 March, 1849 was a Sunday, and Zachary Taylor was a religious man; so he refused to take his oath of of f i c e on a Su n d ay.

But according to the U.S. constitution, President Polk could not remain in office even one day longer than his four-year term.

So who would be the pre s i d e nt for t h at on e day? The U.S. constitution instructed that the head of the Senate would temporarily be president until the new president could take his oath of office.

The head of the S enate at that time was David Atchison. So for those 24 hours—from 12:00 noon on 4 March until 12:00 noon on 5 March, 1849— David Atchison was the legal president of the United

PROF. ENRIQUE SORIANO When you’re dead, you’re dead.

What happens to your business, however is another story… if you planned the leadership and ownership transition, I congratulate you!

In your memorial service, you will be remembered fondly!

States . . . and the American President you likely have never heard of. But that’s not the whole story.

President Pol k’s last week in office was a very busy one. Senator David Atchison did not miss a day of work. Neither did he miss all the farewell celebrations and parties for President Polk. When Senator Atchison finally went to sleep late on Saturday night, 3 March, he was so exhausted he told his landlady not to awaken him for any reason at all.

She faithfully followed his instructions not to wake him, not even in time for him to publicly take office SLEEP/PAGE 11

which shall ensure a skeletal workforce.

MOST ESTABLISHMENTS WILL BE CLOSED Only private establishments that provide basic necessities, such as food and medicine, shall remain open. This includes public markets, sup ermarkets, grocery stores, convenience stores, hospitals, clinics, drug stores, pharmacies, manufacturing and processing plants of basic food products and medicine, money transfer services, banks, and energy, water, and telecommunications facilities. A strict skeletal workforce will be in place to support these operations, as wel l as st r ic t s o ci a l distancing measures.

NO MASS PUBLIC TRANSPORTATION Ma s s pu b l i c transportation facilities shall be suspended.

RESTRICTED LEVEL Land, air, and sea travel is restricted. If you plan on leaving the Philippines from an airport in Luzon, you can still travel within 24 hours from the start of the enhanced community quarantine.

Travelers coming into the Philippines will still be allowed entry, though subject to applicable quarantine procedures if coming from countries with existing travel restrictions.

All Filipino citizens and their families, those with permanent resident visas, and those with diplomat visas will also be granted entr y with applicable quarantine procedures.

Uniformed personnel for official business, particularly those transporting laborator y specimens for COVID-19, medical supplies, and other GUIDELINES/PAGE 11

Wait a minute! No plan? That can be chaotic for your family, children, employees, partners and the business itself — a completely avoidable mess. Don’t expect to be remembered fondly!

It is not only scary but too daunting to think of a likely scenario where the founder or patriarch dies without planning the future of the enterprise. In my recent family business coaching engagement in the US and Canada last month, the death of a patriarch was just too much to bear for family members who were caught unprepared.

During our first session, I was peppered with so many questions coming from

practically all family members and creditors!

What would happen to the business?

What would happen to the ongoing projects?

Who will take care of the family members?

How would this affect our respective families?

Will there be conflicting priorities and future plans for the business between other shareholders and the deceased's family?

How do we make decisions amongst us siblings?

What will happen to Mom with Dad gone?

How much is the total value of our business?

Do we need to sell some properties to pay for Dad’s

estate taxes?

As heirs, how do we go about getting our inheritance?

How much and how do we settle our total liabilities?

Where will we get the money to pay creditors? Are our loans secured?

Where are the list of assets? Who is in charge of safe keeping the Titles?

Who will assume the leadership role?

Wi l l s u p p l i e r s a n d creditors extend the same credit and terms of business they always have or will they begin to pull back?

Will customers maintain their confidence in our products and services?

Wi l l k e y p e r s on n e l DIED/PAGE 11

Look at Christ crucified

THINK A MINUTE

JHAN TIAFAU HURST

April 15, 2020. This applies to the entirety of Luzon.

NO MASS GATHERING Mass gatherings of any kind are prohibited.

EVERYONE IS ON STRICT HOME QUARANTINE Every household shall o b s e r v e a s t r i c t h om e quarantine. This means that you cannot and should not leave the house unless n e c e s s a r y. F o o d a n d essential health ser vices will now be regulated, and more uniformed personnel will be present to enforce quarantine procedures.

WORK FROM HOME SCHEMES SHALL BE IMPLEMENTED A w o r k f ro m h o m e arrangement shall be implemented in the Executive branch, except the PNP, AFP, PCG, and health and emergency frontline ser vices, border control and other critical services,

What if you died tonight?

MANILA OFFICE: 9th Floor, Unit 918, CityLand Herrera VA Rufino Cor. Valero St., Salcedo Village, Makati City Tel. # : 5555392,Cell No.: 0977-152-8860 LANI VALLIDO-Marketing Manager

WEDNESDAY|APRIL 8, 2020

Here are the full updated guidelines for the new enhanced community quarantine in Luzon

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ALLAN MARIO MEDIANTE Vice President for Corporate Affairs RUFINO T. MAGBANUA Vice President for Business Development

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These days when we are i n t h e m i d d l e of b ot h the holiest of weeks and the dreaded coronavirus pandemic, it might be a good idea to recover that pious practice of meditating on the passion and death of the cross, looking intently on the image of Christ crucified.

It shou l d not b e an exercise of sentimentalism or pietism, but a real, authentic act of piety, reanimated by what ideally should be our ever-deepening faith, hope and charity in Christ, the son of God who became man to redeem us. This is not the time for playing games. We need to get real in this!

Let us see to it that we should use all our powers for this purpose. We should not just be cerebral and spiritual without involving our feelings and passions.

And the other way around.

We should not just be full of emotions without using the full force of our intelligence and will.

Let us tr y to fathom the depth of God’s love for

us who, as St. Paul said, emptied himself to become man and further emptied himself by offering his life on the cross as a ransom for all our sins. It’s a love that we have to learn and to live ourselves, since we are supposed to be God’s image and likeness, children of his, meant to share in his divine life.

Let us understand that the true face of love, as shown by Christ, is one that should be given completely gratuitously. It is given to all, including those who do not love us, without expecting any return.

And for that, we have to be willing to bear all the burdens of everyone in the way Christ bore all our sins even if we have not yet asked for forgiveness. Let us not be calculating in our love.

Let us just give and give, love and love, unafraid of the effort and the suffering that may be involved, and even if we are misunderstood, mistreated, and opposed.

T h i s w ay w e w ou l d

effectively channel Christ’s love for us, he who commanded us to love one another as he has loved us. (cfr. Jn 15,12) Anent this truth, St. Paul said: “Rarely will anyone die for a righteous man, though for a good man someone might possibly dare to die.

But God proves his love for us in this: while we were still sinners, Christ died for us.” (Rom 5,7-8) Let us be generous and magnanimous in our loving.

And the secret again is to look closely at Christ crucified who should be the central object of our attention not only these days but all the time.

It might be helpful to keep in our pockets always a handy crucifix for us to be reminded of the crucified Christ. To b e sure this practice would not be some sign of childishness but rather of a mature faith, of a consistent Christian and son of God. Just looking at it would already arouse in us impulses

HINTS AND TRACES

ROY CIMAGALA of love that can be shown perhaps in small gestures of affection, in the ready acceptance of trials and difficulties big and small, in coming up with initiatives for the good of others, etc.

It would not be a sterile exercise.

Looking at Christ crucified will also help us to live the spirit of penance well, making us realize more deeply that we are all in need of conversion. We would be moved to make reparation for all the sins of men, ours and those of others.

Truly, looking at Christ CRUCIFIED/PAGE 11

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WEDNESDAY|APRIL 8, 2020

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Billboard DA-10 brings farm, fishery products closer to consumers via Kadiwa

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ROVIDING more options for the public to access affordable and nutritious agricultural products in this time of health crisis, and helping farmers in disposing their produce, the "Kadiwa ni Ani at Kita" is an initiative of the Department of Agriculture (DA)-10 to reinforce the Bayanihan to Heal as One Act. "Kini gimugna agi’g tubag sa gi-atubang nato karon sa COVID-19 nga crisis. Mao kini siya

WEDNESDAY|APRIL 8, 2020

ang isa sa quick reponse measures nga gipahigayon sa Department of Agriculture ug dinhi sa Northern Mindanao, kita nagpahigayon ug Kadiwa ni Ani at Kita niadtong March 20 sa Barangay Canitoan," DA10 Regional Technical Director for Operations Carlota Madriaga said.

(Such is held as a response to COVID-19 crisis that we are experiencing. This is one of the quick response measures done by the Department of

Agriculture and here in Northern Mindanao, we mobilized theKadiwa ni Ani at Kita, March 20 at Barangay Canitoan) Madriaga further said through the Kadiwa on Wheels, products can be easily accessed by a consumer through the area's food terminal assisted by the department by providing equipment and facilities such as freezers and weighing scales.

A stationary reefer van, elf truck, and dairy milk vehicle will

To establish a direct marketing link between farmers and fishers, and consumers and further enforce the Bayanihan to Heal as One Act, DA-10 mobilizes the Kadiwa On Wheels Northern Mindanao, April 6. Such will provide fresh farm and fishery products at affordable prices to barangays. (Vincent Philip Bautista/PIA10)

be established in a barangay's covered court where the products will be displayed.

Various products of Farm Grown Association of Claveria, Northern Mindanao Federation of Dairy Cooperative, Miarayon Talakag Highland Farmers Association, Truechef Choice, and Nas Agricom Enterprises are also displayed through the Kadiwa Express at DA10 Compound, Antonio Luna St., here, April 6.

In terms of securing the area, "Ato gihapong gi-maintain ang social distancing ug ang insaktong pamaagi sa disinfection aron masiguro ang safety sa mga mamalitay. No mask, no entry pud ta dinhi (We also observe the social distancing policy and the appropriate way of disinfection to ensure the safety of the buyers.

We also impose no, mask no entry in the area)," Madriaga said.

Among the farm and fishery products that can be purchased from Kadiwa ni Ani at Kita include dressed chicken, honey, turmeric powder, sweet potato, bottle

Globe turns over 1,000 preloaded mobile phones to the country’s frontliners GLOBE continues to support the connectivity needs of those at the forefront of the country’s COVID-19 response efforts by turning over 1,000 mobile phones to police, military, and naval forces and select hospitals nationwide.

The mobile phones are preloaded with 30day unlimited AllNet Call & Text to all networks to enable the frontliners to attend to emergency situations quicker, as well as to communicate with their colleagues and family members without worrying about telecom expenses.

Globe turns over mobile phones to the Philippine Navy.

“We understand the hardships that our

Mobile phone delivery to the Philippine National Police

frontliners are facing and we are thankful for their heroic deeds. To help, we are doing our best to provide them with the connectivity they need to save lives, protect the public, and get in touch with their loved ones,” said Yoly Crisanto, Globe Chief Sustainability Officer and SVP for Corporate Communications.

“On behalf of the entire community of Rizal Medical Center, we thank you for your kind donation. Your support will enable our frontliners to enhance communication, as we continue

providing excellent and compassionate healthcare to everyone who seeks consult. It is this ‘Bayanihan’ spirit that galvanizes us to continue in this battle. Once again, our wholehearted gratitude and together, we will overcome,” said Rizal Medical Center OIC Primo B. Valenzuela in his letter to Globe.

Aside from RMC, other hospitals which received the mobile kits are: Baguio General Hospital, San Lorenzo Ruiz General Hospital, National Center for Mental Health, Jose R. Reyes Memorial Medical GLOBE/PAGE 9

gourd, radish, squash, cucumber, banana, string beans, water yam, eggplant, avocado, chayote, and more.

For this week, the Kadiwa On Wheels is scheduled to sell goods at Barangay Patag covering Apovel and Terry Hills, April 6; Barangay Iponan, April 7; and Xavier

Estates and Camella Homes, April 8.

Kadiwa (Katuwang sa Diwa at Gawa para sa Masanang Ani at Mataas na Kita) is a marketing strategy of the DA which directly connects the food producers to the consumers, thus, lessening the cost of the products. (RTP/PIA10)

NMMC, midawat’s balor P1.8 milyones turbine ventilator pinaagi ni Gov. Emano

LAING kahimanan ang gidawat ni Northern Mindanao Medical Center chief Dr. Jose Chan niadtong Lunes, Abril 6, 2020, pinaagi ni Gov. Bambi Emano.

Kini, alang sa pagluwas sa kinabuhi sa pasyente, hilabina niadtong nagbalatian tungod sa coronavirus disease 2019 (COVID-19).

Usa ka Resvent Turbine Ventilator balor P1.8 milyones ang gitunol ni Gov. Emano ngadto kang Dr. Chan nga gidonar sa Lucio Tan Group of Companies – Phillip Morris Fortune

Tobacco Corp. Inc. and Jaime V. Ongpin Foundation Inc. nga gisaksihan ni Provincial Health Officer Dr. Jerie Calingasan.

Mapasalamaton si Gov. Emano sa pagsalig sa maong charitable institution ngadto kaniya nga gihimo siyang tulay aron mapadangat ang ayuda ngadto sa NMMC. Mapasalamaton usab si Dr. Chan sa nadawat nga hinabang, nga matud pa niya, dakung ikatabang sa pagluwas sa pasyente nga maglisod og ginhawa tungod sa grabeng balatian.

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WEDNESDAY|APRIL 8, 2020

PH GDP growth to slide in ‘20 due to Covid-19: ADB T HE Philippines’ economic growth will slow significantly this year before a strong rebound in 2021, with expansionary fiscal and monetary policies partly offsetting slower domestic demand and disruptions in tourism, trade, and manufacturing, according to a new Asian Development Bank (ADB) report released Friday.

In its annual flagship economic publication, Asian Development Outlook (ADO) 2020, ADB projects the Philippines’ gross domestic product (GDP) to grow at 2.0 percent in 2020 following an enhanced community quarantine imposed by the government in March to stop the spread of the novel coronavirus disease (Covid-19) in the country.

But ADB expects a strong recovery to 6.5 percent GDP growth in 2021, assuming that

Covid-19 infections in the country are curbed by June this year.

“This unprecedented and extraordinary public health emergency brought about by the Covid-19 pandemic will substantially slow down economic growth this year, with most of the contraction in the economy occurring in the second quarter. We are anticipating a bounce-back starting in the second half of this year, supported by the government’s stimulus spending and easier monetary policies,” ADB Country Director for the Philippines Kelly Bird said in a statement.

Bird said the ADB has been working closely with the Philippine government in its fight to ease the impact of the Covid-19 pandemic on Filipinos.

“We have provided two grants totaling $8 million to assist the government and we are now in advanced stages of preparing larger and

comprehensive assistance to help alleviate the impacts of the pandemic on communities’ wellbeing and support fiscal stimulus,” he added.

On March 14, ADB approved a $3 million grant to help the government deliver muchneeded emergency medical supplies and equipment, including a new laboratory to enhance the country’s capacity to conduct more Covid-19 tests.

This week, ADB launched a $5-million project to provide critical food supplies for poor families in Metro Manila.

The quarantine measures have shut down schools and most government offices and private establishments in Metro Manila and the entire Luzon island, which accounts for over half of the country’s total population and generates more than two-thirds of the country’s overall GDP. The report says

sustained public investment—especially in priority projects under the government’s “Build, Build, Build” (BBB) infrastructure development program— and a rebound in private consumption will drive economic growth in 2021.

The economy will also benefit from the government’s large-scale fiscal spending to boost the delivery of relief measures to vulnerable sectors affected by the pandemic.

Inflation is expected to reach 2.2 percent this year and 2.4 percent in 2021, with further downside pressure from lower global oil prices.

With inflation projected to remain within the central bank’s target range of 2.0 percent to 4.0 percent, authorities have room for further monetary policy expansion to cushion any lingering effects of the pandemic on the economy. (PR)

DOF issues rules on tax deadline extensions FINANCE Secretary Carlos Dominguez III has issued the revenue regulations extending the deadlines for filing of tax returns, submission of documents, and the payment of taxes, pursuant to Republic Act 11469, otherwise known as “Bayanihan to Heal as One Act.” According to Revenue Regulations (RR) No. 7-2020 dated March 30, 2020, the extension aims to relieve Filipino taxpayers who will not be able to prepare, let alone file, the necessary documents under the Tax Code because of the enhanced community quarantine (ECQ) and other restrictions on the personal movement being implemented by the national and local governments to prevent community transmission of the coronavirus disease.

Section 4(z) of the Bayanihan Act, which placed the Philippines in a state of national emergency, grants the President the authority to “move statutory deadlines and timelines for the filing and submission of any document, the payment of taxes, fees, and other charges required by law.”

“By moving the statutory and regulatory deadlines for tax compliance, we ensure that taxpayers would be able to fulfill their patriotic duty of paying taxes without any risk to

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Banking&Finance

their health and safety,” Dominguez said in a statement Thursday.

RR No. 7-2020 extends the deadline for filing and payment of the annual income tax returns (ITRs) for the calendar year 2019 from April 15, 2020 to May 15, 2020.

It also generally extended the deadlines for electronic and nonelectronic filing and payment of quarterly ITRs, monthly and quarterly value-added tax (VAT) declarations, documentary stamp taxes (DST), percentage tax on winnings and prizes withheld by race track operators, withholding taxes on compensation, and creditable and final withholding taxes, as well as monthly excise tax declarations, which fall within the period of national emergency, by 30 days from the original deadline.

If the deadline falls on a weekend, the deadline shall be the next business day.

The submission of the quarterly summary lists of sales and purchases, sworn statement of manufacturers or importers of excisable products, financial statements for the year 2019, inventory lists, e-Sales reports, summary lists of machines, list of medical practitioners, and certificates of residence for tax treaty relief, as well as the registration

of computerized books of accounts and other accounting records, which deadlines fall within the period of national emergency, shall also be generally extended by 30 days.

The deadline for VAT refund applications covering the quarter ending March 31, 2018, is extended from March 31, 2020, to April 30, 2020, while the tax amnesty on delinquency returns shall be accepted until May 23, 2020.

Additionally, settlement of one-time transactions, submission of assessment-related documents, and other filings and submissions not enumerated in the revenue regulations are given a 30-day extension, counted from the original due date.

Aside from moving the deadlines for tax compliance, RR No. 7-2020 also suspends the running of the statute of limitations on assessment notices, warrants of distraint and/or levy, and warrants of garnishment, by 60 days from the lifting of the declaration of a state of national emergency.

“The extension of deadlines under RR No. 7-2020 applies nationwide while the country is in a state of national emergency,” Bureau of Internal Revenue Commissioner Caesar Dulay said.

The revenue regulations also

provide that the new deadlines may also be further extended if the circumstances warrant such an extension.

The regulations shall take effect immediately after its publication.

The Bureau of Internal Revenue (BIR) previously issued Revenue Memorandum Circular (RMC) No. 28-2020 extending the deadline for the filing and payment of the 2019 Annual ITRs by a month, and RMC Nos. 29-2020 and 30-2020 extending the deadline for the filing and payment of withholding taxes, VAT, and onetime transactions, as well as the submission of documents.

Despite the deadline extensions, Dominguez reiterated his appeal to those who are able to file within the deadline or at the earliest possible time to do so through mechanisms that have been made available by the BIR, including online filing and payment platforms.

He said such tax payments ahead of the new deadlines are crucial for the government to fund extremely urgent social protection and emergency health measures in the face of Covid-19, as well as to sustain state investments needed to help Filipino families regain stable and reliable sources of income as soon as the pandemic is over. (PR)

OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

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

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

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

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

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

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

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

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

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

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

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

METRO BANK- GAISANO 8561720

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

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

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

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

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

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

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

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

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

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

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

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

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

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

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

Capistrano Corner CruzTaal St. CDO 8524099/722695

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

8

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WEDNESDAY|APRIL 8, 2020

Cebu Air earnings hit P9B

C

EBU AIR, Inc. reported a net income of P9.12 billion for 2019, or more than double its net income a year ago of P3.92 billion, driven by its core business.

In a disclosure to the stock exchange on Monday, the operator of budget carrier Cebu Pacific said its revenues grew 14.4% to P84.81 billion last year from P74.11 billion it generated for the year 2018.

This growth was mainly driven by the passenger segment of the airline operator’s business which contributed P61.68 billion to the total

revenues, 13.7% higher than the previous year’s P54.26 billion.

“This was mainly attributable to the 10.8% growth in passenger volume to 22.5 million from 20.3 million last year as the Group increased capacity. The increase in average fares by 2.6% to P2,745 from P2,675 last year also contributed to the increase in revenues,” the listed airline operator said.

Cebu Air’s ancillary revenues grew 21% to 17.38 billion from the previous year’s P14.36 billion while the cargo segment contributed P5.75 billion, up 4.7% from the figure

Toyota Motor shifts factories to face shields TOYOTA MOTOR Corp.’s idled manufacturing facilities in the US will make much-needed face shields and masks, and the Japanese automaker is closing in on deals with medical-device makers to help them boost production.

The carmaker said Friday it will start mass production of face shields early next week to supply hospitals near its plants in Indiana, Kentucky, Michigan and Texas.

Toyota also said it is finalizing pacts with at

least two companies to make breathing ventilators and respirator hoods, and it’s looking for partners to make protective masks.

The company on Thursday extended its shutdown of North American factories for two weeks.

“With our plants idled and our dealers focused on servicing customers, we are eager to contribute our expertise and know-how in order to help quickly bring to market the medical supplies and equipment needed to combat the TOYOTA/PAGE 11

in 2018.

The company said the growth in ancillary revenues was driven by the increase in passenger traffic coupled with pricing adjustments and increased volume of certain ancillary products and services.

To recall, Cebu Air’s net income plunged 50.6% to P3.9 billion in 2018, from P7.9 billion in the previous year, due to the “challenging macro environment.”

The airline’s flying operations expenses last year increased by P349.25 million or 1.2% to P30.26 billion due to the increased in pilots’ training

costs. However, fuel expenses went down by 3.3% or P39.48 million, the company said.

To support its plans to increase the airline’s frequency on its current routes and to add new city pairs and destinations, Cebu Air said it will have 63 aircraft deliveries beginning this year until 2026.

“The Group is also set to venture into the dedicated freighter market making it the only passenger airline in the Philippines with dedicated cargo planes. The first converted ATR 72-500 freighter aircraft was received in August 2019 while the second will

be delivered within 2020,” it added.

But the airline operator also noted that the coronavirus disease 2019 (COVID-19) is expected to “adversely affect” its financial health.

“While it is difficult to predict when operating conditions will improve, the Group believes that [the COVID-19] remains a going concern, given the measures undertaken, its liquidity position, its access to short and long term funding, and the strong relationships it has with major suppliers,” Cebu Air said further.

Century Pacific nets P3.1-B in 2019 CANNED food company Century Pacific Food Inc. (CNPF) booked an 11-percent increase in net income in 2019 to P3.1 billion from P2.8 billion the previous year.

In a statement Wednesday, CNPF said its last year’s consolidated revenues grew by 7 percent to P40.6 billion, driven primarily by double-digit growth in its branded business.

The branded business, comprised of marine, meat and milk business units, saw sales increase

by 12 percent year-onyear, hitting P31.2 billion in topline and accounting for 77 percent of overall revenues.

In contrast, the commodity-linked tuna and coconut original equipment manufacturing (OEM) business, whose revenues accounted for the balance of 23 percent, saw sales fall by 6 percent yearon-year on the back of lower commodity prices.

Favorable commodity price trends led to improved profitability for the company overall, with

consolidated gross profit growing faster than sales by 20 percent year-onyear. This translated to a 250-basis-point rise in overall gross profit margin to 24 percent.

The improvement in gross profit likewise allowed the company to invest more heavily in brands, new product development, and innovations, leading to an increase in operating expense of 13 percent.

Meanwhile, the company has assured the public of continued

supply of its products to meet heightened demand amid the ongoing threat from coronavirus disease 2019 (Covid-19) and the enhanced community quarantine throughout Luzon.

“In these challenging times, we recognize the critical role we play in ensuring enough of our products are available to those who need them the most. Thanks to the support of the Department of Trade and Industry and the Inter Agency CENTURY/PAGE 11

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WEDNESDAY|APRIL 8, 2020

GSIS grants 3-month moratorium on loan payments

P

RESIDENT and General Manager Rolando Ledesma Macasaet today announced that the Board of Trustees (BOT) of the Government Service Insurance System (GSIS) approved Resolution No. 42-2020 granting a moratorium on loan payments of GSIS members and pensioners, including housing loan amortization of borrowers.

“The GSIS Board of Trustees, in compliance with the “Bayanihan Heal as One” Law, decided to grant a moratorium to our borrowers,” Macasaet said. Section 4 (aa) of Republic Act 11469, otherwise known as the “Bayanihan Heal as One Law,” instructs all lending institutions

Schools... from page 1

de Cagayan (Xavier Ateneo) in Cagayan de Oro City, Central Mindanao University (CMU) in Bukidnon, and Mindanao State University (MSU) through College of Natural Sciences and Mathematics at its main campus in Marawi City and the Iligan Institute of Technology (MSU-IIT) in Iligan City, have mobilized their available resources to supply hospitals with urgently needed medical supplies like alcohol and disinfectant.

From March 24-April 6, Xavier Ateneo’s Social Development (SOCDEV) of f i c e h e a d e d by Vi c e President Roel Ravanera dist r ibute d 105 b ott les of is opropy l and e t hy l alcohol produced by the XU Chemistry Department to various beneficiaries such as the Northern Mindanao Medical Center (NMMC), J.R. Borja General Hospital, Bukidnon Hospital, Maria Reyna-Xavier University Hospital, PNP Misamis Oriental, Cagayan de Oro Police Office (COCPO) and the Loyola House, official res i de nc e of Jesuits i n Northern Mindanao.

“Soc Dev (SD) Cluster is coordinating #XUKontraCOVID19, XU's institutional response to the COVID-19 pandemic,” Ravanera said. “We have formed various committees and Gail Galarrita handles the Information Consolidation and Sharing Committee.”

“The alcohol formulation by the Chemistry department of Xavier University immediately started upon hearing that

to grant a 30-day grace period or extension on loan payments during the Enhanced Community Quarantine (ECQ) period without imposing interest or penalties on borrowers.

Under the said GSIS Board Resolution, collection of loan payments due for the months of March, April and May 2020 shall be deferred. GSIS will resume collection of loan payments on 01 June 2020 without penalty or additional interest. All loan terms, as a result of the moratorium, shall be effectively extended by three months.

“We hope that this 90-day grace period will give our members some financial relief in these trying times,” the GSIS chief stated.

Aside from regular the NMMC had limited to no supply of alcohol due to the increasing number of referred CoVid-19 patients,” said Analyn C. Asok, Ph.D., chair of Xavier Ateneo’s Chemistry Department.

“Knowing that commercial alcohol in the market was nowhere to be found, we thought of ways to help and that's when our profession as chemists came into use,” she added.

Initially, the lab used its analytical grade absolute ethyl and isopropyl alcohol available in the Chemistry and Biology departments.

Later, additional absolute ethyl alcohol was bought using the chem department and the university's fund.

XUCCCO, a campus-based cooperative also donated absolute alcohol.

“We a ls o re ceive d a number of calls from people willing to donate but sad to note that even the supply of absolute alcohol is now depleted. At present, we are still waiting for the next batch of absolute ethyl alcohol to arrive,” Asok said.

“We are also expecting the arrival of absolute ethanol donated by Xavier University Chemistry Alumni A s s o c i at i o n ( X U C A A ) and ICP-X/XII/BARMM/ CARAGA Chapters within this week.”

“Please note that the alcohol formulation from absolute alcohol is indeed very expensive. But in these times, to save lives is more important,” Asok stressed.

The all-volunteer team of the XU Chem Lab headed

by Asok includes Higinio R. Barros Jr, Ann Marian Lou O. Eslopor, Renebelle L. Flores, and Don Vic L. Obaob, who designed the

government employees, pensioners with GSIS pension loans will also get a moratorium.

“We are halting loan deductions in their next month’s pension (in May),” Macasaet said.

GSIS housing loan borrowers will likewise not be required to pay their monthly amortizations during the said 3-month period.

All GSIS borrowers are automatically covered by the moratorium, except those whose loan accounts are in default as of 29 February 2020.

GSIS considers a loan in default when the labels for the final product working from home.

The team is also working to produce surface disinfectant with two partners.

Through former Academic VP and retired Chem Dept faculty Dr. Lina Kwong, Chemisol Inc. through General Manager Jerry Dy donated calcium hypochlorite for use as a surface disinfectant (not to be used as spray).

Mr. Dy needed a chemist to accept the donation so that the correct concentration of the disinfectant could be provided to LGUs and CDO hospitals. The donated disinfectant was earlier transported from Davao

by Robert De la Serna.

“The chlorine content of calcium hypochlorite may deteriorate over time, especially when it is exposed to heat. So it’s necessary to determine the actual chlorine concentration to calculate the exact mass for the proper final disinfectant concentration. Since it is in solid form, we don't need to dissolve it before distributing it to hospitals and LGUs. We will repack it following specific mass and label it accordingly so even non-technical people can easily understand how to use it properly and safely.”

Asok said the analysis for actual chlorine content will be conducted by DOST-X personnel at their lab this week. If the materials need for repacking would already be available after the analysis is completed, the surface disinfectant can already be distributed by Xavier Ateneo’s SocDev headed by Roel Ravanera next week.

The team is also working

account has incurred more than six (6) months of unpaid amortizations.

Macasaet said that GSIS already issued a memorandum circular (MC) instructing all heads of government agencies to stop loan deductions for the months of March, April and May 2020. He however emphasized that premium contributions of government employees will continue to be deducted and remitted to GSIS. GSIS shall resume collection of loan payments on 01 June 2020. on another disinfectant project with former Xavier Ateneo Board of Trustees P re s i d e nt E lpi e Pa r a s .

However, Juliet Q Dalagan, PhD., XU Vice President for Higher Education and also a faculty of XU Chem Dept. said the project with Paras has not yet officially started since the Chem Dept is still discussing with Paras how to best move forward. (See related story).

Globe... from page 6

Center, San Lazaro Hospital, Tondo Medical C enter, Amang Rodriguez Memorial Medical Center, Valenzuela Medical Center. Dr. Jose Fabella Memorial Hospital, National Kidney Transplant Institute, Manila Naval Hospital, Veterans Hospital, Northern Mindanao Medical Center. Ospital ng Maynila, Pasig City General Hospital, Rosario Maclang Bautista General Hospital, Southern Philippines Medical Center, Caloocan City Medical Center, Manila East Medical Center, San Juan Medical Center, Philippine Heart Center, Lung Center of the Philippines, Ospital Ng Makati, Philippine General Hospital, Jose N. Rodriguez Memorial Hospital, and Research Institute of Tropical Medicine.

Other recipients include the Armed Forces of the Philippines, Philippine Navy, Philippine National Police, and the Ranao Rescue Team.

E a r l i e r, G l o b e a l s o prov i d e d f re e G o W I F I internet connection in various hospitals and supermarkets across the country to address the connectivity requirements of frontliners, patients, and the general public.

RESORTS, HOTEL & RESTAURANTS DIRECTORIES

A PUBLIC SERVICE BY:

ALGEN’S DIVE RESORT (088) 3872015 APPLE TREE RESORT & HOTEL 735411 / 754525 Fax: 754497 0917-7144040 / 0923-3269366 / 0939-9076948 BAHAY BAKASYUNAN SA CAMIGUIN (088) 3871057 / 3870131 Fax: 3870278 BASAMANGGAS RESORT 08822-760564 Fax: 760565 CAGAYAN RIVERVIEW INN 8584245 / 729039 Fax: 8584245 CASA CRYSTALLA 8561704 / 722465 Fax: 722480 CASA ISABELLA (088) 8564065

CASA AZUCENA 8563402 / 09236593973

CHALI BEACH RESORT 732840 / 8552108 Fax: 8555941 CHANANTHON BED & BREAKFAST 8568189 / 3093095 COUNTRY VILLAGE HOTEL 8583004-06 Fax: 8583006 D’BUDGETEL 8564200/726643 Fax: 8564300 DAHILAYAN FOREST PARK 8568562 to 63

DE LUXE HOTEL 8572144 / 724548 Fax: 724563 DISCOVERY HOTEL 727814 / 8563896 Fax: 8563897 DUKA BAY RESORT (088) 3312290 Fax: 725265 DYNASTY COURT HOTEL 8574802 Fax: 857900 GRAND CITY HOTEL 8571900 / 728469 Fax: 723718

PRYCE PLAZA HOTEL 8583131 Fax: 726687 PRAWN HOUSE (088) 3095992 Fax: 8519219 RIDGE VIEW CHALET 8588946 / 8587946 Fax: 8588946 SEDA CENTRIO HOTEL 3238888 / 0917-577-5910 SOUTHWINDS HOTEL 724803 / 8562036 Fax: 8562036 STARGATE DREAM VACATION RESORT 8515003 / 8509999 THE VIP HOTEL 726080 / 8562505 Fax: 726441 RED PLANET 8800888/8801306 TRAVELERS POD 8518988 UPTOWN CONDOTEL 8511800 VILLA PARAISO APARTELLE 3870419 Fax: 3870429 HONORARY MEMBERS:

DEPT. OF TOURISM 723696/726394 / 8564048 Fax: 723696

RESTAURANTS:

BIGBY’S CAFÉ 72-1071/857-5511/8575836 Fax: 711843 CAFÉ LAGUNA 8582999 Fax: 8567001 DM VILLARUY RESTAURANT 733790

GOLDEN AJIRANG I 856-5271 Fax: 727876 GRAND CAPRICE RESTAURANT 72-6955/856-2302 Fax: 72-4986

HOTEL CONCHITA 8563856 / 727355 Fax: 8563857

KAGAY-ANON RESTAURANT 728958 / 8563688 Fax: 8563843 / 729003

HOTEL KORESCO 8589749-50 Fax: 8589748

LA ILONGGA RESTAURANT 72-6183 / 857-3652 Fax: 72-4605

HOTEL SOGO 8520383

KINGSTON LODGE 8585696 Fax: 8585696

MISSY BON BON 8566852 / 09228606442 Fax: 8566852

MAPAWA NATURES PARK 8584402 Fax: 725265 MALLBERRY SUITES 8541999 / 7249999 Fax: 8544999 MAXANDREA HOTEL 8572244/729943 Fax: 724090 MIAMI INN 8581901 to 02 Fax: 725279/728486 N HOTEL (088) 8801924 PARAS BEACH RESORT 8568563 Fax: 8568563 PHILTOWN HOTEL 726295 / 8564402 Fax: 723104

SLERS HAM & CAFÉ 8551438 THAI ME UP 738424/3108424 Fax: 738424 BARKADAHAN GRILL 8551234 LA TEGOLA CUCINA ITALIANA 8585959 LIMKETKAI LUXE HOTEL 8800000 DEAR MANOK 8564914 / 8573413 LIMKETKAI LUXE HOTEL Landline: (088) 880-0000, Mobile: 0917-312-4563 Email: info@limketkailuxe.com

10

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WEDNESDAY|APRIL 8, 2020

11

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WEDNESDAY|APRIL 8, 2020

Sleep... from page 4

as the U.S. President! In fact, Senator Atchison was so tired that he slept all day Sunday through noon on Monday, 5 March. David Atchison, President of the United States, actually slept through his entire term of office! What a record and legacy!

Sadly, some of us almost sleep through our entire lifetime. Not physically, of course. But we “sleepwalk through life” by simply going through the motions and routine of surviving from one day to the next.

This is t rag ic since we are made to live a fully purposeful and passionate life that makes a difference in the world. Today, won’t you ask Jesus to take full charge of your life? He will give you your real purpose and passion He created you for, plus the power you need to daily live it. His way is the only way you will not have to “sleepwalk” through one more day of your life.

Just think a minute.

Guidelines... from page 4

humanitarian aid, will be allowed entry. Movement of cargoes into and out of Luzon will be unhampered.

PROGRAMS FOR AFFECTED RESIDENTS WILL BE PUT INTO PLACE Programs, measures, and projects will be formulated for affected workers and residents of Luzon. This may include moratorium on lease rentals, reprieve in utility bills, advancing a pro-rated 13th month pay, and assistance to micro, small, and medium-scale enter pr is es. Me asures will also be expedited to distribute food assistance to those who are most affected.

If these guidelines and measures aren’t followed, appropriate action – both administrative and criminal – will be taken in accordance to the relevant laws and regulations. These measures and guidelines will be reviewed daily until the COVID-19 situation subsides.

Crucified... from page 4

crucified will strongly invite us to do many acts of love.

We would seem to hear from Christ himself: “My child, give me your heart, and let your eyes observe my ways…” (Prov 23,26) Perhaps we would be left with the feeling that in spite of our best intentions to love him, we know we are always short of our desires.

Still, Christ understands that and encourages us to keep on trying.

Died... from page 4

suddenly begin to leave?

It is difficult to imagine, especially after working so hard and then all of these questions are raised because you never planned your death or disability. In unfortunate

events like this, businesses are liable to fall apart if the proper planning and agreements are not in place.

Sadly, you are not alone though. In a Wong + Bernstein Advisory internal research, fewer than 30% of business owners have a succession plan in Asia!

You can prevent losing all that you worked so hard with a good and enforceable plan.

The key is preparation!

Founders, second generation l e a d e r s , p at r i a r c h s o r matriarchs always thinkof themselves as superheroes and take the inevitability of death lightly until one day he or she discovers something that will forever change his or her perspective about life and living.

And then in a blink of an eye, the mortal faces death and reflects on the family and the family business and the "what ifs" and the " what should have been done".

But in all likelihood, it will be too late.

Thus, it is no surprise that the Chinese saying, "Wealth Shall Not L ast Three Generations” will continue to consume and haunt families in the event that death suddenly occurs in the family.

Any death can disrupt a functioning family and can mercilessly cause the family business to jolt and veer off course. At worse, the lack of preparation and the entitlement of the family members can cause the family business to fall apart and disintegrate.

How then should family businesses deal with such a powerful emotional event?

Toyota... from page 8

C OVID-19 cr isis,” Te d Ogawa, Toyot a’s ne w ly appointed head of of North American operations, said in a statement. “Our message to the medical equipment community is we are here to help, please utilize our expertise.”

The company is the latest carmaker in the US to provide its manufacturing expertise to help stop the outbreak. Ford Motor Co. has paired with General Electric Co. and 3M Co. to make medical equipment, and General Motors Co. is trying to make ventilators at a plant in Indiana.

Fiat Chrysler Automobiles NV also aims to make 1 million masks a month at a plant in China to supply to US health workers. Tesla Inc. has donated masks and ventilators and held talks with Medtronic Plc on helping them boost production.

Century... from page 8

Task Force, we are able to maintain a smooth flow of goods and operate with enough capacity, despite the use of a skeleton workforce,” CNPF chief finance officer Oscar Pobre said.

Pobre said they will continue working closely with the government to ensure unhampered operations of

the company and its supply chain partners.

“We a ls o remain in close touch with partner local government units for the supply and donation of various food products.

Finally, the health, safety, and financial protection of our employees remain paramount and we continue to provide them with care and financial aid,” he said.

CNPF recently announced it would be providing one m i l l i on fo o d p a ck s to Filipinos amid the Covid-19 outbreak. The food packs will be distributed nationwide, targeting the communities that are severely impacted.

Further, the company has earmarked financial support to employees, communities, and various institutions in an effort to join the nation in its fight against Covid-19.

(PR)

Motorcade... from page 1

Nazarene would be similar to what Cebu City did last week, when it brought the Santo Niño image around its main thoroughfares on the back of a truck to seek God’s intervention to stop the COVID-19 pandemic.

“This would show that Jesus Christ did not leave us in these trying times. Our faith would help us survive this crisis, “ Monsanto said.

City Information Officer Maricel Casiño-Rivera said the event is being coordinated with the city government to ensure people will stay in their homes as the motorcade passes by.

She said there will be no other religious event during the Holy Week except for the Black Nazarene motorcade.

Local officials here have ordered the closure of all religious sites during the Holy Week to prevent the influx of devotees.

Barangay officials have ordered the closure of the Malasag walkway in Barangay Cugman where hundreds of devotees usually flock to pray the Stations of the Cross.

Aside from Malasag, officials also closed the route to the Lady of Guadalupe, a seven-river trek religious destination.

In Misamis Oriental, the provincial government has ordered close to the public the Divine Mercy Shrine in El Salvador City, whose 50foot statue of Jesus Christ is visited annually by at least 200,000 devotees.

Also ordered close to

public are the Our Lady of Lourdes Church, known for its “healing pool,” in Binuangan town and the Stations of the Cross in Sipaka Heights in Talisayan town, all in Misamis Oriental.

Produce... from page 1

CEO Engr. Elpidio M. Paras from using its facilities to help in the war against the virus. UC-1 is the holding company which owns and manages the family’s various enterprises in the hospitality industry, business process outsourcing (BPO), internet service provision, and cable television.

On March 31st, Paras announced in a Facebook post he had successfully commissioned the Seven Seas Waterpark's Chlorinsitu IIa machine to produce 815 liters daily of Sodium Hypochlorite (NaOCl) solution.

“While it was intended to keep our wave pool sanitized for the summer, it is now repurposed to supply a good quantity of chlorinebased disinfectant for use by the community,” Paras announced.

When its daily output of NaOCl is diluted with water, the machine can produce the equivalent of 7,000 Liters of surface disinfectant in a day.

“We are working with the XU Chemistry department to properly mix this into a safe and effective product for use by our front liners, hospitals and community checkpoints,” Paras said.

Already, the disinfectant is being used in a prototype disinfectant misting apparatus which Paras designed for use by their Parasat HD technical service vehicles as extra protection as they go about their daily duties in response to the demands of their cable and internet business.

“Our frontline technical and CSR staff are in constant exposure to possible CoVid-19 infections, so we go to extra lengths to keep them safe in their daily rounds,” Paras noted. A short video of the apparatus can be viewed here.

In addition to these measures, UC-1 has also implemented a comprehensive package of measures as recommended by authorities to help curb the spread of the CoVid-19 virus including social distancing, staggered work schedules with a skeletal work force, shorter office hours (8am-4pm), and plastic

Republic of the Philippines Region X Province of Lanao del Norte Municipality of Kapatagan Office of the Municipal Civil Registrar R.A. 10172 (Gender)

BWM: April 8 & 15, 2020

scheduled deactivations for March and encouraged all its customers to take advantage of the faster processing times for their payments at any Savemore/SM store, 7Eleven stores, or through online banking (BDO, Metrobank, BPI, Landbank), and ECPay Merchant Partner including 7 E l e v e n ( Nat i onw i d e ) ; G C A S H ; Tr u e M o n e y (Nationwide); ExpressPay (Nationwide); Oro Graphic Inc. Main (Graphics); RD Pawnshop (Nationwide); ALP Tickets and Bills Payment; Triple MG Business Center; Top Online Provider Deals (App) or NATCCO (Coop).

ALLAN'S LECHON

NOTICE FOR PUBLICATION

In Compliance with Rule 7 of R.A. 10172. A notice is hereby served to the public that JOSIE NABALONA TUBIO has filed with this Office a petition for Correction of Clerical Error-Change of Gender from "MALE" to "FEMALE" in the Certificate of Live Birth of JOSIE NABALONA TUBIO who was born on October 4, 1997 at BAG-ONG BADIAN, KAPATAGAN, LANAO DEL NORTE and whose parents are CHERLITO ETANG TUBIO and MARJORIE ROSARIO NABALONA. Any person adversely affected by said petition may file his written opposition with this Office not later than 15 days.

curtains for their payment centers.

The company has also taken advantage of the Holy Week break to implement sanitation and disinfection procedures of its various offices and payment centers which have already been prov i d e d w it h a l c oh ol sanitizers and disinfecting foot baths for its customers and employees, and has disallowed the entry of all people not wearing a face mask.

As a further measure to comply with the global edict for social distancing, the company suspended all

(SGD) IVY REYES TONGCO Municipal Civil Registrar

Main: Purok 4 Puerto, Cagayan de Oro City Cell #: 0928-616-4431 / 0905-777-0670 Branch: 31st Nazareth, Cagayan de Oro City Cell #: 0926-594-9540

Free: HALANG-HALANG or DINUGOAN!

Branch: Casinglot, Tagoloan, Misamis Oriental

For orders, please call:

KAG. LOLITA L. WAHING

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WEDNESDAY|APRIL 8, 2020