Issuu

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 028

Market Indicators

As of 6:20 pm august 11, 2016 (thursday)

FOREX

PHISIX

US$1 = P46.933

7,981.35

4.4

X Briefly

cents

70.05

points

MSMEs financing

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Govt campaign to spur M’danao development www.businessweekmindanao.com

ORMER Philippine Ambassador to the United States Jose Cuisia Jr. is optimistic that the administration of President Rodrigo Duterte will improve the security situation in Mindanao which will unlock economic potentials of the region.

THE government is working to provide more financing options for the micro, small and medium enterprises (MSMEs) in a bid to make them more competitive both in the local and global markets. Department of Trade and Industry (DTI) Undersecretary Nora Terrado vowed the “full and faithful implementation” of the Magna Carta for MSMEs, specially the mandatory allocation of credit resources to target beneficiaries of the law. “While we have the Magna Carta for MSMEs which provides for a mandatory lending of banks to MSMEs, lack of financing assistance is still a major problem,” she said during the recent general membership meeting of the Philippine Exporters Confederation Inc. (PHLEXPORT).

Chinese link THE Philippine agri-food industry has signified it intends to continue strengthening trade activities with partners in China and its territories as the sector still sees strong potentials for commerce despite the controversy over the recent sea dispute ruling. Roberto C. Amores, president of the Philippine Food Processors and Exporters Organization, Inc., food trustee of the Philippine Exporters Confederation, Inc. (PHILEXPORT), and chairman of the Agriculture Committee of the Philippine Chamber of Commerce and Industry (PCCI), expressed optimism that business relations between the Philippines and China will soon get past the political bump arising from the case, considering the two countries’ long-established trade association. The Permanent Court of Arbitration in The Hague on July 12 ruled in favor of the Philippines over conflicting claims with China regarding overlapping portions of territorial waters between the two nations.

P15.00

Friday | August 12, 2016

MINING AREA EVERYDAY SCENE. This is a common scene in the mining areas during the dry months in Surigao del Norte. A giant cargo ship waits off Hinatuan Island in Taganaan town as smaller ships approach with their loads of ore. One cargo ship could carry at least 50,000 metric tons of nickel ore to be shipped out to China, Japan and other countries. mindanews photo by roel n . catoto

St. Augustine to hire small-scale miners By CARMELITO Q. FRANCISCO, Correspondent

DAVAO City -- St. Augustine Ser vices, Inc. (SASI), t he p ar t ne rsh ip b e t we e n

Nationwide Development Corp. (NADECOR) and St. Augustine Gold and Copper Ltd., said it

Cuisia, who is now the chairman of PhilippinesUS Business Council (PUBC), identified that the peace and order situation in Mindanao is the primary concern of investors in doing business in the area. He added that amidst the security concerns in the region, Mindanao holds huge untapped potentials particularly i n s e c tors of ag ro industry, energy, and tourism with its vast lands and abundant natural resources. “Nevertheless, with no less than the President,

Speaker of the House of Representatives, and Senate President all hailing from Mindanao— and all committed to attaining lasting peace with all legitimate armed groups in the region—I see no reason as to why the situation will not significantly improve in the next six years,” Cuisia said during the private sector dialogue of PUBC, Makati Business Club, and US-ASEAN Business Council in Taguig City Thursday. “Amidst s e c ur it y concerns, success in campaign/PAGE 11

is planning to take in smallscale miners in response to Environment Secretary Regina Paz L. Lopez’s order to stop miners/PAGE 11

NUJP dares Aguirre to name media groups ‘funded by drug lords’ By MINDANEWS

MALAYBALAY City — A media organization has challenged Justice Secretary Vitaliano Aguirre II to name the media

groups that are supposedly funded by influential drug lords to derail the administration’s campaign against illegal drugs.

In a statement Monday, the National Union of Journalists said Aguirre should provide evidence and file charges against these media groups if media/PAGE 11

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Economy

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Friday|august 12, 2016

Chemical eng’g prof shares environmental impact of aerosols

HE Cagayan de Oro (CDO) chapter of the Philippine In s t i tu te of C h e m i c a l Engineers (PIChE) hosted a seminar in Cagayan de Oro dubbed, “Modeling Aerosol Formation,

Transport, and Removal,” attended by 37 professional chemical engineers and chemical engineering students. In her discussion, Dr. Maria Theresa IslaCabaraban of Xavier

Un i v e r s i t y ’s C h e m i c a l Engineering department said that aerosols, which are fine liquid or solid particles suspended in air and which may be natural or manmade in or igin, can be respiratory health

hazards and a threat to the environment in high concentrations. To illustrate the impact of aerosols, Cabaraban cited the case of Mt Pinatubo, whose emissions from its eruption in 1991 caused

THE Department of Trade and Industry (DTI) region 10 successfully earned again its International Organization for Standardization (ISO) I S O 90 0 1 : 2008 qu a l it y management system recer tif ication f rom AJA Registrars, Inc. for six years in a row. During the audit, DTI Northern Mindanao had

zero nonconformity and was confirmed that its quality management system adequately complies with the requirement of the standards. Since 2010, DTI 10 has been implementing and updating a quality management system that s at i s f i e s i nt e r n at i o n a l standards covering its 57 enrolled service processes.

The ISO 9000 is internationally recognized as a family of quality management systems standards designed to help organizations ensure that they meet the needs of customers and other stakeholders while meeting statutory and regulatory requirements related to a product or service. Third-party certification

b o dies provide for the independent confirmation that organizations meet the requirements of ISO 9001. The certification to ISO 9001:2008 is a continuing process of improving DTI 10’s quality management system catering to provision of government services related to business development, dti/PAGE 11

DTI 10 maintains ISO certification now on 6th Year

global cooling for two years following the incident. She also presented the different computer models currently being developed to predict the formation, transport, and removal of aerosols. These models

simulate the physical and chemical processes that affect aerosols in the atmosphere and can be used to aid in designing strategies to reduce air pollutants. (James Edgar Sia/XU)

MARAWI City – To boost the advocacy on organic farming, the Department of Agriculture Provincial Office in collaboration with Agricultural Training

Institute (ATI) Region XII conducted a training on organic vegetable production for rural women on August 2-4, 2016. organic/PAGE 11

DA, ATI train rural women on organic veggie production

RPN Radyo Ronda Stations Nationwide

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CNN Philippines TV-8 Bacolod CNN Philippines TV-9 Cebu CNN Philippines TV-5 Cag. de Oro CNN Philippines TV-5 Zamboanga CNN Philippines TV-7 GenSan CNN Philippines TV-9 Davao

DZBS 1368 Baguio DZRL 639 Batac DZTG 621 Tuguegarao DZKI 1332 Iriga DYKW 936 Binalbagan DYKB 1404 Bacolod DYKC 675 Cebu DXKO 1368 Cagayan de Oro DXKS 1080 Surigao DXKD 1053 Dipolog DXKP 1377 Pagadian DXXX 1008 Zamboanga DXKT 1071 Davao DXDX 693 General Santos

Hakab Na 2016 participants. Hakab Na 2016 records 193 breastfeeding mothers and 196 babies, including tandem feedings, who have successfully latched on in Cagayan de Oro City on August 6 as organized by the Modern Nanays of Mindanao. Hakab Na is the country’s celebration of the Global Big Latch On slated annually in August to normalize and increase awareness on breastfeeding.(ZRD/PIA10)

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friday|august 12, 2016

CorporateWorld

PLDT to complete 3 Davao projects by Sept.

L D T, I N C . w i l l complete three major Information and C ommunications Te c h n o l o g y ( I C T ) projects in Mindanao by September, in an effort to beef up the region’s digital infrastructure and support economic growth in southern Philippines. In a statement, PLDT said these projects consist of its fourth cable landing station,

an Innolab or innovation laboratory, and the PLDT Group’s eighth data center -- all of are located in Davao City. “We are putting in our collective efforts to provide Visayas and Mindanao a solid ICT foundation to help boost the regions’ businesses and growing industries. It is within our short- and medium-term mission to accelerate the necessary

investments to help build and strengthen the regions’ enterprises, and enable them to become locally if not globally competitive via digital tools and solutions,” said PLDT EVP and ePLDT President and CEO Eric R.

Alberto, in a statement. PLDT said that the cable landing station, which would be fired up at the end of August, would directly link the PLDT Group’s network in Mindanao to all three existing international gateways in

Nasugbu, Batangas; Bauang, L a Un i o n , a n d D a e t , Camarines Norte. Moreover, it would also connect the region to the i nte r nat i ona l manage d network that has pointsof-presence (PoP) in Hong

Kong, Singapore, United States and United Kingdom, providing “a fully-managed, hig h b andwidt h g lob al connectivity with automatic re-routing and switching capability through different pldt/PAGE 11

CEB picks Rolls-Royce engines for A330 aircraft CEBU Pacific (CEB) has ordered Rolls-Royce Trent 700 engines, with long-term engine services, to power its two new Airbus A330 aircraft. CEB already operates six of the aircraft, all powered by the Trent 700. The airline said the Trent 700 delivers the best fuel burn, emissions and noise performance, resulting in market leadership on the aircraft. The engine has won more than 70% of new orders over the last four years and accounts for a similar percentage on future A330 deliveries. More than 1,600 Trent 700s are now in service or on firm order. Lance Gokongwei, President and Chief Executive Officer of Cebu Pacific said,

“We have great experience of the Trent 700 in service and we look for ward to its continuous delivery of outst anding e conomics and performance for our operations.” Ewen McDonald, RollsRoyce, senior vice president, Customers – Civil Aerospace said, “We are honored that Cebu Pacific has once again selected us to power this important element of the Cebu Pacific fleet.” Earlier, CEB placed a firm order with Airbus for two A330-300s worth around US$507. 4 Million to expand its network and service the US market, citing the success of Airbus’ wide-body craft on Cebu Pacific’s long-haul, lowceb/PAGE 11

Best Mixed-use Development Philippines Award FILINVEST City bagged the Best Mixed-use Development Philippines award in the Asia Pacific Property Awards 2016 last April 8, 2016 at The Shangri La Hotel Kuala Lumpur in Malaysia. The award was received by Don Ubaldo, Project Head and Sr. Assistant Vice President for Filinvest City Commercials Lots Group, Filinvest Alabang, Inc. The Asia Pacific Property Awards is under the International Property Awards, a premier program recognizing and rewarding excellence in the field of real estate around the globe.

Opinion

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friday|august 12, 2016

Ethics, Moral, Character and a Dream

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

ALLAN mario MEDIANTE

Vice President for CorporateAffairs

Joe felicilda

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joe palabao

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NELSON CONSTANTINO Editor-in-Chief

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Feature Editor

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Under the Surface Think a Minute…Remember Greg Louganis? The young, strong, superstar athlete who won gold medals in all his events at both the 1984 and 1988 Olympics. He was the first athlete in history to do it, and was elected to the Olympic Hall of Fame. But at the Olympics, no one ever suspected that under the surface Greg Louganis’ body was full of AIDS. It’s true that you really cannot know what’s inside a person just from looking on the outside. Many people are not what they appear to be. For example, that tough football or rugby player you know may actually still be an insecure little boy on the inside, because he could never be good enough for his hard, strict father. That shy young woman you see around town might still be a broken, hurting little girl, because she was abused by her uncle or stepfather when she was young. Maybe even that 60-year-old political leader or successful businessman is still full of hurt and anger from when he was badly treated as a child because of his skin color, or because he grew up in a poor family. Many people look strong and mature on the

THINK

A Minute

Jhan Tiafau Hurst outside, but inside they’re still hurting emotionally and need healing. They still have deep wounds, scars and painful memories of terrible things that were said or done to them when they were young children or teenagers. Friend, if you’ve been living with pain, fears or anger from what people said or did to you in the past, these hurts and bad memories can be like chains that hold you in prison emotionally. Well, Jesus Christ sure knows how you feel. Jesus is probably the most hurt, abused person in history. His own family thought He was crazy, and His own people had Him tortured and killed as the worst of criminals. But not only does Jesus understand and feel hurst/PAGE 9

Ethics in general is the distinction between right and wrong, and the moral duty and obligation to a community. Character the moral excellence, the total of qualities making up individuals and persons noted for eccentricity, can’t be shaped i.e. during the second half of our life. Then it is too late! Character education should start at school. A lot of schools hang a few posters declaring “a virtue of the month’ - and stop there. I complained this already several times. These schools are adept at absorbing these initiatives without doing anything as a follow through. “Sayang”! Schools should respond by stressing a sense of community and intolerance of bullying, aggression, and taunting by gangs. Teachers should not think that this is one more job foisted on them by parents. The US-professor of education Thomas Liken

f avors v i r tu e s d e r ive d from Plato and Aristotle: prudence, justice, fortitude, and temperance. And that’s inde e d cor re c t and s o important. As parents ask your children, if they have heard already about it. Or ask, i.e. college students, what they can say about the “Holocaust”. Give moral and human values a try - the demand for character education in schools is really increasing. Many children face the difficult task of learning good behavior without ever seeing any of it at school and at home! Kevin Ryan, a leading proponent of character education and co-author Karen Bowline wrote in their book “Building Characters in Schools” already in 1999: “We are witnessing the school’s reawakening to that what was historically one of their most essentials tasks, the formation of character among the children in their care.” Character education - a

dream? And here are many more other dreams: people pleaded that the government solve the foreign and national debts by its self-imposed fiscal discipline and elimination of graft and corruption starting from the top of the bottom of its bureaucracy. Since years and even longer, people told top-level government officials what’s happening in their communities, their need and their hopes. People told their leaders to give protection to the environment as top priority in all agri-cultural and industrial undertakings. Mostly nothing happened. Good to see: change is coming! Graft and corruption ethics, moral, character? I am with officially with media since 1969 - since 1982 in the Philippines. Having good relationships with politicians dated back and up to now can be an easy game, if..., yes, if both sides understand their role to play. The (my) freedom

H ave M y Say

Klaus Doring

of expression has indeed a thin line between maligning people’s reputation and extortion. I can’t do always right with my write-ups, even it would gratify some people and surprise others. But, I learned education will never be expensive as ignorance and indifference. +++ Email: dor ingklaus@ gmail.com or follow me in Facebook or Twitter or visit www.germanexpatinthephilippines.blogspot.com or www. klausdoriingsclassicalmusic. blogspot.com .

If a family has no God, children go wayward LIFE’S INSPIRATIONS: “… Train the child in the way that he should go, and he will not depart from it even if he grows old…” (Proverbs 22:6, the Holy Bible). -ooo ASSURING KIDS OF BLESSINGS, GUIDANCE AND PROTECTION: How can parents be assured that when their children go out of their houses and into the world to study or work or do some other things they are protected from the sin and criminality which are gripping this planet? Many will say “pray for them”, and they maybe right, but there is something more that should be done, if we wish that God’s protection, guidance and blessing will come over them. What is this “something

more”? It is the parents’ compliance with three basic rules: one, we should train children in way that they should go so that when they grow old they will not depart from that way; two, we should teach them in the training and instruction of the Lord; and three, we should instill in them to love God above all else, with their whole mind, whole soul, and whole strength. These rules are all found in the Bible, in its Proverbs 22:6, Ephesians 6:4 and Deuteronomy 6:4-9, and I shared them with the parents of the young boys and girls who finished their kindergarten courses at a school in Taguig City where I was the guest speaker. -ooo FILIPINO FAMILIES NO

LONGER TALK ABOUT GOD: I took an informal survey, by the raising of hands, of who among the parents present during the recognition rites were actually talking about God and His Word with their families and especially children. Nobody raised their hands, confirming once more that a great number of Filipino families nowadays do not talk about God and the Bible inside their homes anymore. Next, I asked who among the parents were reading the Bible. There were three women who raised their hands, and all the rest kept their heads bowed down. The three were members of Christian churches where Bible reading is being taught by their pastors and their leaders. Even among the three,

K akampi

Mo A ng Batas

Atty. Batas Mauricio however, they only displayed a passing familiarity, not deep knowledge, of the Bible. I then told the parents that, in a situation such as this, it is no wonder that many young Filipino kids are now embroiled in drugs, pre-marital sex, in gang wars and in various crimes. batas/PAGE 9

Vigilance, detachment, fruitfulness “Be like servants who await their master’s return from a wedding, ready to open immediately when he comes and knocks.” (Lk 12,36) With these words, it’s clear that Christ wants us to be on the watch for the second coming of Christ at the end of time, or at our death. We have to remember that our life here on earth is only transitory, not permanent, and its purpose is for us to make a choice of whether we are for God or for ourselves only. The world is a place of trial for us. God our Creator wants us to be with him. That’s how he has created us. But he does not impose that will of his. We also have to make our choice to want to be with him. It’s a free choice. That’s why our first parents who were created in the state of original justice,

in the state of grace, were not immediately brought to heaven where they could be with God in a definitive way, but were placed in Paradise first to be tested, to see if they also want to be with God. We already know what happened in that stage. And yet in spite of that blunder, God continues to love us by sending his Son to us for our redemption. That Son is Christ who shows us the way of how to handle our predicament to recover our lost dignity. This time he shows us what to do. We have to follow him by denying ourselves, carry the cross and follow him all the way to his death, such that our death should be a participation of Christ’s death on the cross. Our over-all attitude towards our earthly life should be shaped by what

Christ has told and shown us, by what our faith tells us. It has to be an attitude that is theological, not merely social, or cultural, or political, etc. In this business of denying ourselves since we have to follow Christ, we are told to be detached from the things of this world. This is made very clear with these words of Christ: “Sell your possessions, and give alms. Provide yourselves with purses that do not grow old, with a treasure in the heavens that does not fail, where no thief approaches and no moth destroys.” (Lk 12,33) This does not mean that we should have no earthly possessions at all. We will always need things in this world, but seeing to it that these things do not become a god for us, but rather as means to love God and

HINTS

and

Traces

Fr. Roy Cimagala everybody else. This truth is presumed when Christ told his apostles: “’When I sent you out with no purse or bag or sandals, did you lack anything?’ They said, ‘Nothing.’ He said to them, ‘But now, let him who has a purse take it, and likewise a bag. And let him who has no sword sell his mantle and buy one.’” cimagala/PAGE 11

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friday|august 12, 2016

Banking&Finance

joins BSP reports steady level Dominguez BSP Monetary Board for rediscounting loans

HE Bangko Sentral ng Pilipinas’ (BSP) rediscounting facility remained at P10.64 billion as of end-July, the same amount at the end of the first half. The rates on both the peso rediscount facility and exporters dollar and yen rediscount facility (EDYRF) have been adjusted. The rates for Rediscounting Window I (RW I) which are available only for the big banks, were lower at 3.56 percent for 90 days and 3.62 percent for

180 days. For the RW II the rates are three percent for both 90 days and 180 days and 3.12 percent for 360 days. The RW II are for thrift and rural banks. T h e B SP s h i f t e d t o the interest rate corridor system in early June. Both the peso rediscount rates for RW I and RW II are b as e d on t he avai l able on e - m ont h re pu rc h a s e rate and overnight reverse repurchase rate. The BSP said 75.8 p ercent of t hes e f unds went to credits consisting

of capital expenditures and permanent working capital. The rest or 24.2 percent went to commercial credits and less than 0.1 percent to production credits. This is the same portfolio also reported for the month of May. The BSP’s EDYRF, in the meantime, amounted to $10.4 million, also the same loans of the previous month. Banks, particularly the large lenders, turn to re dis count ing lo ans as standing credit facility for

their temporary liquidity requirements by refinancing the loans they extend to their clients. As explained by the BSP, a bank extends loans to end-user borrowers who execute credit instruments, for example promissor y notes, drafts or bills of exchange] in favor of the bank. “The bank rediscounts the credit instruments of its end-user borrowers with the BSP by endorsing the same in favor of the BSP,” it said. “The BSP, in turn, loans/PAGE 9

FINANCE Secretary Carlos G. Dominguez III will sit as the Duterte administration’s representative to the Monetary Board of the Bangko Sentral ng Pilipinas (BSP). In a statement on Friday, the central bank announced that Mr. Dominguez will form part of the policysetting body, having been appointed by President Rodrigo R. Duterte as the Cabinet representative for the seven-member unit. Mr. Dominguez took his oath on Thursday before Monetary Board chairman and BSP Governor Amando M. Tetangco, Jr. The Monetar y Board

meets every six weeks to assess economic conditions and set key interest rates. Juan D. de Zuniga, Jr, Felipe M. Medalla, Alfredo C. Antonio, Valentin A. Araneta and Armando L. Suratos make up the rest of the Monetary Board. Former Finance chief Cesar V. Purisima sat as a Monetary Board member under the previous Aquino administration. Mr. Dominguez, who ser ved as Agriculture secretary from 1987 to 1989 under Former President Corazon C. Aquino, was among the first Cabinet monetary/PAGE 9

BIR, Customs seen missing targets by 19% INTER-AGENCY Development Budget Coordination Committee (DBCC) expects revenue collections of the government’s two main tax agencies would fall well below target this year. Based on the DBCC document obtained by Manila Bulletin, the Duterte administration expects the Bureau of Internal Revenue (BIR) and Bureau of Customs (BOC) would miss their combined collection targets by 19.6 percent this year.

From P2.525-trillion goal set by the Aquino administration, the economic managers of President Rodrigo R. Duterte are now estimating that the BIR and Customs could only collect P2.029 trillion this year. For the BIR, the DBCC expects the agency could only raise P1.62 trillion in 2016, lower by 20 percent compared with the P2.026trillion goal under the previous administration. Customs, on the other hand, is seen to generate P409 billion

in revenues for the year, also below than its earlier goal of P498.7 billion by 18 percent. As of June this year, BIR collection stood at P783.42 billion, while Customs has 190.55 billion. The total collection of the BIR and Customs in the first semester — amounting to P973.97 billion — only represents 38.5 percent of their combined targets of the year. Earlier, the DBCC decided to widen government’s budget deficit ceiling for 2016 due

to the lower-than-expected revenues from the BIR and Customs. From only two percent of gross domestic product (GDP), the Duterte government raised its deficit ceiling level to 2.7 percent this year, equivalent to P388.87 billion. In the first-half of 2016, the national government’s budget balance swung back to a deficit, with public spending expanding by double digits from a year ago, the Bureau of the Treasury reported last

month. At e n d - Ju n e, t h e government’s budget deficit stood at P120.3 billion, a reversal of the P13.7-billion surplus in the same period last year. Government revenues totalled P1.1 trillion in six months to June, up by only one percent from last year’s R1.08 trillion. Netting out the one-time remittance of the Coco levy proceeds in May last year, revenue grew seven percent year-on-year.

Under the new administration, the national government plans to ramp up infrastructure spending outside Metro Manila to create more jobs and ensure growth is felt in the other regions and rural areas. The DBCC earlier revised the medium-term fiscal program enlarging the deficit ceiling to three percent of GDP to allow more public investments in badly needed infrastructure and support social services.

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friday|august 12, 2016

Cebu Pacific Selects Rolls-Royce to Power Further A330 Aircraft The Philippines’ leading airline, Cebu Pacific (PSE: CEB) has ordered RollsRoyce Trent 700 engines, with TotalCare® long-term engine services, to power its two new Airbus A330 aircraft.

CEB already operates six of the aircraft, all powered by the Trent 700. The Trent 700 delivers the best fuel burn, emissions and noise performance, resulting in market leadership on

the aircraft. The engine has won more than 70% of new orders over the last four years and accounts for a similar percentage on future A330 deliveries. More than 1,600 Trent 700s are now in service

We never get excited during the weekdays compared to the weekend, simply because work can be really exhausting. But you know what isn’t exhausting? Indulging yourself with a good set of food and drinks after work along with your co-workers. Let your Mondays feel like a Friday by unwinding with your workmates over craft beer, cocktails and sophisticated wines during your work week in the city’s new and exquisite drinking experience called The Lounge. Cagayan de Oro’s premier hotel, Limketkai Luxe, has added an exciting feature in their

lobby that avid drinkers will surely love. An array of the best tasting wines and beers accompanied by great entertainment by local artists, this place aims to set the right atmosphere for relaxation. Aside from the wide-selection

of local and imported drinks, it also offers a food menu including tapas, pastas and pizzas of the finest ingredients. One experience you surely shouldn’t miss! Give us a visit at the Ground Floor of the Limketkai Luxe Hotel.

or on firm order. Lance Gokongwei, President and Chief Executive Officer of Cebu Pacific said, “We have great experience of the Trent 700 in service and we look forward to

its continuous delivery of outstanding economics and performance for our operations.” Ewen McDonald, RollsRoyce, Senior Vice President, Customers – Civil Aerospace

said, “We are honoured that Cebu Pacific has once again selected us to power this important element of the Cebu Pacific fleet.” Recently, the airline selects/PAGE 9

THE HOME OF THE FINEST WINES IN CAGAYAN DE ORO!!!

For reservations: 09178524786/09173124563 or (088)880-0000. Socialize with us @ Facebook : limketkai Luxe Hotel Instagram : limketkai_luxe Twitter : limketkai_luxe

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friday|august 12, 2016

BusinessWeek feature

MINDANAO www.businessweekmindanao.com

Friday | August 12, 2016

Wise Words from a Roman Emperor T his is one of my favorite quotes of all time, “If you are distressed by anything external, the pain is not due to the

thing itself, but to your estimate of it; and this you have the power to revoke at any moment.” Marcus Aurelius (Roman Emperor) As humans, we all feel pain sometimes be it physical, emotional or whatever pain it might be. We feel pain and attribute them to the misfortunes that happen to us. Most of us complain about them and blame God, the government or other people for it. Little did we know that the pain is not caused by those misfortunes or by those we blame, but our own minds create those pains; therefore, we have the power to control it anytime. You have probably heard of the term “Mind over Matter”. There had

been many interpretations about this term but the true meaning of it is not magical at all. It is governed by the Law of Attraction. It’s not new either, in fact, it has been existing since the beginning of time. We just have to understand it in order to benefit from it. Now, the question is how could be revoke pain? Here is where the mind comes in. As previously mentioned, pain is a product of our own minds and it is a simple matter of cause and effect. Pain is the effect of having negative thoughts (which is the cause). So, in order to eliminate pain, we must have positive thoughts (which should be the cause) in order to have a positive effect which is happiness.

Don’t get me wrong. Pain is not that bad at all. It simply is a signal or a warning that negative people or circumstances are around you and it’s time to unfriend or avoid them for your own good. It is important to understand that we cannot eliminate darkness by putting more darkness. Hence, what we can do to eliminate darkness is to put up light. Therefore, to eliminate emotional pain we must have thoughts of joyful experiences. If you are having negative thoughts, don’t fight it. Fighting it would just give it vitality or more power. What you have to do is to ignore it and simply start thinking positive thoughts. It would help to start by counting your blessings

that you have now. After all, it is human nature that it is easier to appreciate the blessings that you already have than those that are still coming. Before, when people criticize me, talk behind my back and say hurtful words to me, I used to resent them. What other people say about me used to matter and I end up feeling bad and getting hurt. Did you know that any bad feeling is bad for your health? Then, I realized that they could only hurt me to the extent that I would allow them to affect me. Why would I let the outside world take over my life? I will live it the way I want to. So, now I choose to ignore them, let them go and look at things from my

own perspective. This quote has a positive effect on me. Life is so much happier that way. I have my on/off switch wherein when I start to feel bad, I turn my emotions off. Then I think about good things and my mood instantly gets better. And, I turn the switch back on. When I’m sad for one minute and I decide to be happy after two minutes, I can do it. It takes a lot of discipline and willpower to do it. But, practice makes perfect. So, it is not what others do to you but how you react to it that matters.

Love,

Sikat ka Higala By SHERYL MACALE

Through the years we always fought back with corruption,poverty,drugs and unemployment. The economy is on a downward spiral. The rich gets richer the poor gets poorer. The only people having a grand life are the politicians and somehow the government becomes a business. Its a custom hand me down position, inheriting the SOPs of a 10% cut each and every contract entered into. Why do I know this? I met someone the President of the Italian Chamber of Commerce for the Philippines. He spoke strongly about a project he was proposing helping supposedly on the Yolanda victims those that are not reached on electicity introducing a solar,waterproof portable light. He visited a governor and one of the admin ask how much is the SOP? He was really shock that he spoke of how he is so disappointed of how the government is so corrupt raking its paw to investors and people that are willing to help, such a shame. It is true it is indeed embarrassing. When I came back from New York after living there

for 7 years I was expecting changes but after 26 years in the broadcast industry it is still the same old song. The tune is all the same the rythym and the beat is like an old rugged cross the people still suffer from poverty and the crime rate is still high. People are demanding for a change. Criminality is caused by poverty. A hungry mouth and a crying child forces the father to commit a crime.. A mother steals from the grocery because she cannot get an opportunity to get a job because she is underqualified and uneducated. This crimes drives the nation in chaos.

Equal opportunity is not available for everyone and is beyond reach. I am a witness of all this corruption , a daughter of a Mayor told me straight his dad has to spend 5 million to buy his votes to win an election I shook my head that her not knowing that I am alarmed by this practice. We close our eyes and pretend to be blind if a bill is handed over. Money is the root of all evil but a descent livelihood can give the people its right in the society. Poverty is so common the government does so little to help. They try to secure their own benefit rather thinking for the underprivileged. I

am so worn out that this government is nothing but a hard brickwall. A dead end to nowhere and uncertainty. Now when the nation cried out a man stood an voted by 6 million people hoping that he would bring the nation to a better state. He fought drugs like its his cup of tea. He dines with people who hates corruption who hates crime and most of all hates people on high places abusing authority. I had the privilege to meet him face to face now the President of the Philippines Rodrigo Roa Duterte. He spoke infront of the 420 troops sikat/PAGE 9

With Secretary MARTIN ANDANAR OF THE PRESIDENTIAL COMMUNICATION OFFICE

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Hurst... from page 4

your pain, He’s also the One Who can heal your broken heart and painful memories. So today, why don’t you put your whole life, including your painful past, into the strong, healing hands of Jesus? He’ll even help you forgive those people who hurt you. Then, you’ll finally be free from your emotional pain and prison to start living the full, new life Jesus has planned for you. Just Think a Minute…

Batas.. from page 4

Because Filipino children are no longer taught t he Word of G o d, t he y have been growing up without God, and, t herefore, have b ecome capable of mischief and misdemeanor and, also, criminality. -ooo PA R E N T S M U S T START BEING SPIRITUAL T H E M S E LV E S : W h a t then must parents do to assure that their children will learn and know and obey the Word of God? We l l , t h e y m u s t f i r s t start with themselves- - t h e p a r e nt s , I m e a n . Parents everywhere should start going back to the Bible---reading it daily, meditating on it day and night, and carefully obeying ever ything that is written in it. Likewise, they should start attending church and praise and worship services in earnest, together with their spouses and their children, and all others who reside with them in their houses (including househelps, drivers, and other workers). Then, they should also display an eagerness to help their

churches with financial gifts, to enable their members to go out and proclaim the Word. It i s o n l y w h e n t h e children will realize that t heir own p arents have turned sincere in pursuing a deeper understanding of the Bible and a stronger relationship with God that they themselves will strive to be more spiritual and guided by God. Then an d on l y t h e n w i l l t h e children be really guided, blessed and protected by God from any and all evil. -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 H O U R S a d a y, i n t h e Philippines and the world at w w w. f a c e b o o k . c o m / angtangingdaan or www. facebook.com/ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. E m ai l : b at a s m au r i c i o @ yahoo.com.

Loans... from page 5

lends the bank an amount equivalent to a cer t ain p e rc e nt age of t h e f a c e amount/outstanding balance of the end-user borrower’s credit instrument.” The bank may use the proceeds of the BSP loan for ne w loans to ot her borrowers, or to address its liquidity needs. In effect, the rediscounting c ycle helps sustain the bank’s funds for relending to its borrowers and, at times, service withdrawals, added the BSP. In 2013, the BSP separated the rediscounting facility into two windows to give the smaller banks additional funding.

Monetary...

Sikat...

members named by Mr. Duterte as early as May. Prior to his return to the Executive branch on June 30, Mr. Dominguez resigned from his posts as board director of the listed Alsons Consolidated Resources, Inc. and as president and board member of PTFC Redevelopment Corp. He was also an independent director of the United Paragon Mining Corp. The Monetary Board is due to review monetary policy settings on Aug. 11, their fifth meeting for the year.

at Camp Evangelista of the 4th Infantry Division. Listening close to him like it rings, like a reality that gongs in your head and get a shot of the truth. He spoke of the lists of judges, mayors, police, congressmen an so on linking them to d r u g t r a d e s . He sp oke and warned the Chief Justice on not to warn him because He is the President and that her position is appointed by the previous administration who did nothing to suppress crime, drug and corruption. There over 600 thousand cases all of this cases are linked to drugs . The President was so firm in eradicating corruption once and for all. He said he will declare martial law if the Legislative, Executive and Judiciar y does not approve of his command. I was awed by his determination and my heart was given hope that maybe this time the Filipino nation will be at its best form at his administration. I salute the President in Power that abuse will finally on its halt, the corrupt will be punished, the criminality will stop and the people will have a better opportunity and we will a have a better chance at life to the President of the Republic of the Philippines Mabuhay ka.! Sikat Ka Higala.

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Selects... from page 6

has placed a firm order with Airbus for two A330300s. The aircraft will join CEB’s existing fleet of six A330s flying on long haul and selected regional and domestic routes. CEB currently operates 57-strong fleet comprised of seven Airbus A319, 36 Airbus A320, six Airbus A330, and eight ATR 72500 aircraft. Between 2016 and 2021, CEB exp e c ts deliver y of 32 Airbus A321ne o, two Airbus A 3 3 0 , a n d 1 6 AT R 7 2 600 aircraft. Its extensive network spans Asia, Au s t r a l i a , t h e M i d d l e East, and USA. For bookings and inquiries, guests can visit www.cebupacificair.com or c a l l t h e re s e r v at i on hotlines (+632)7020-888 or (+6332)230-8888. The l atest s e at s a les c an b e found on CEB’s official Twitter (@CebuPacificAir) and Facebook pages. Guests may also download the Cebu Pacific official mobile app on the Ap p S t o r e a n d G o o g l e Play.

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

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

CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491

LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739

CORRALES BRANCH Corrales Ave., Cagayan de Oro City

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

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Events

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Campaign... from page 1

Mindanao is also very much possible,” he stressed. The former envoy also expressed his support to the administration’s focus on Mindanao to ensure that the country’s high economic growth will make impact to Filipinos outside the capital city. The initiative will likewise decongest Metro Manila. According to Mindanao Business Club Chairman Vicente T. Lao, the southern Philippines recorded a gross regional domestic product (GRDP) expansion of 7.4 percent in 2014, sharing 20.7 percent to the Philippine economy in the same year. Lao highlighted that Mindanao is the country’s source of globally competitive agricultural products and contributes more than 30 percent of the national food requirements. With one-third of its 10 million-hectare land area devoted to agriculture, Mindanao produces almost 100 percent of the country’s rubber; 90 percent of cacao production; 89 percent of pineapple production; 88 percent of palm oil; 83 percent of banana -- with 100 percent of banana exports are from Mindanao; 77 percent of coffee; 62 percent of coconut; 50 percent of corn; 45 percent of aquaculture; and 20 percent of the country’s poultry supply. Lao also urged businesses to explore opportunities in Mindanao, considering that the region has the lowest electricity rate of PHP8.24 per kilowatt hour (kWh) compared to Luzon’s P10.10/ kWh and Visayas’ P10.27/ kWh. He also mentioned that investments in Mindanao had improved over the years. Data from the Board of Investments showed that investment approvals in Mindanao in 2010 posted some P11.15 billion. It surged to P73.16 billion in 2014. (PNA)

Miners... from page 1

small-scale mining outside designated areas. Jonathan A. Bañez, SASI community development officer, said the company submitted a plan to the government to set aside an area for community mining for those individuals absorbed by the company. “We are even willing to

assist the government in helping small-scale mining operations become regulated and comply with responsible mining policies,” Mr. Bañez said in an interview. SASI holds a mining production sharing agreement with the government for copper and gold in Kingking, Pantukan, Compostela Valley, which is considered to have one of the richest mineral reserves in the country. Mr. Bañez declined to provide more details on the plan, which is awaiting government review. Earlier this year, Nadecor Operations Manager Petronilo V. Cancino said in an interview here that the partnership is aiming to start mining by 2017. Mr. Bañez pointed out that some small-scale miners in the Pantukan area “have been using dynamite and backhoes (in their operations),” but the Department of Environment and Natura l Res ources (DENR) has been unable to address this. “The government needs to come up with a clear policy on how to deal with (small scale miners),” he said. Mr. B añez said that while big companies “have been the whipping boys of the government,” small scale miners “seemed to be protected... even when they have been destroying the environment.” About two weeks ago, the National Economic and Development Authority’s Davao Region office wrote Ms. Lopez to review and establish regulations for small-scale miners as initiatives in the past to establish the Minahang Bayan did not take off. The Minahang Bayan is a government-approved community-based mining zone. Among the areas where it was established was Compostela Valley.

Media...

from page 1 the evidence warrants it. “No, we are not saying he is lying. We are saying that, by casting such a broad assertion against media without presenting any proof, Mr. Aguirre is not only committing a serious injustice, he is endangering all journalists,” the statement said. NUJP noted that when pressed by the Philippine Daily Inquirer for details about his claim, all Aguirre could offer was: “No details yet of media campaign

funded by drug money. Many more big politicians will be exposed.” The group said Aguirre’s claims were worse than saying that most of the over 170 journalists who have been murdered since 1986 deserved their fates because they were “corrupt.” “In effect, what Mr. Aguirre has done is spread a deadly rumor that could place any and all journalists in the cross-sights of those responsible for the orgy of drug-related extrajudicial killings that continue to flood our streets with blood,” the statement said. It said the official got it wrong if he meant to frighten media shying away from its role of informing the people of what is happening to the country. “ The independent Philippine media have been through worse and refuse to be silenced,” it said. “We therefore dare him to prove himself better than a dangerous neighborhood gossip, a disgrace to his office, to the government he serves, and to the people. “For our part, we will consult legal experts to explore what recourse we may have against a government official who can so recklessly endanger us,” it added. (MindaNews)

Organic... from page 2

Twenty women and 10 farmers from the different barangays of the municipality of Balindong participated in the training to learn the basics of organic farming. Aside from orienting them about Republic Act 10068 or the Organic Agriculture Act of the Philippines, the participants were taught on the concepts and best practices on organic vegetable production and integrated pest and disease management on organic vegetable farms particularly on the preparation of liquid organic fertilizers and vermicompost production. The participants also received packets of vegetable seeds after finishing the training. The municipality of Balindong is a member of the League of Organic Agriculture Municipalities (LOAM) of the Philippines. LOAM is a national organization of local chief executives that commits to actively promote and implement the sustainable organic agriculture program in their respective municipalities. (APB/PIA-10)

DTI... from page 2

consumer welfare and general processes for the Regional Office as well as the provincial offices of Bukidnon, Camiguin, Misamis Oriental, Lanao del Norte and Misamis Occidental. DTI Northern Mindanao is also preparing for its transition to the latest ISO management system standards known as the ISO 9001:2015. (DTI10)

PLDT... from page 3

international cable routes in the event of cable faults, providing e ven gre ater resiliency in the network.” The Innolab facility, meanwhile, would help showcase how new and innovative technologies could benefit business operations. PLDT currently has seven Innolab facilities. The eighth Vitro Data Center is in line with the company’s plans to expand its reach in the data center market, targeting 10 facilities by 2017 with a rack capacity of over 9,000, which would be the largest in the country, said PLDT.

CEB...

fare routes, the flag carrier has placed The aircraft will join CEB’s existing fleet of six A330s for serving long range flights to destinations in the Middle East and Australia, as well as on selected domestic and regional routes. “The A330 has proven to be the right choice for our long haul low fare product,” confirmed Lance Gokongwei, Cebu Pacific president and chief executive officer. “ The ne w ly ordere d aircraft will enable us to add more long haul routes, including the launch of our first flights to the US. We are excited to be expanding our widebody fleet, offering more low fare options for our customers to fly further than before.” CEB currently operates 57-strong fleet comprised of seven Airbus A319, 36 Airbus A320, six Airbus A330, and eight ATR 72-500 aircraft. Between 2016 and 2021, CEB expects delivery of 32 Airbus A321neo, two Airbus A330, and 16 ATR 72-600 aircraft. Its extensive network spans Asia, Australia, the Middle East, and USA. The A330 is one of the most popular widebody

Republic of the Philippines Region X Province of Lanao del Norte Municipality of Kapatagan

Office of the Municipal Civil Registrar

NOTICE OF PUBLICATION

In compliance with section 5 of R.A. 9048, a notice is hereby served to the public that DAYLINDA CABUGUAS LENIS has filed with this office a petition for Change of Name from JULIETA LENES to DAYLINDA LENIS in the birth certificate of JULIETA LYENES who was born on NOVEMBER 18, 1962 at Sta. Cruz, Kapatagan, Lanao del Norte and whose parents are PACIFICO C. LENIS and PAGUITA C. LENIS. Any person adversely affected by said petition may file his written opposition with this Office not later 15 days.

In compliance with section 5 of R.A. 9048, a notice is hereby served to the public that Bobby Russel Geronilla Angelo has filed with this office a petition for Change of Name from Russel to Bobby Russel in the birth certificate of Russel G. Angelo who was born on October 29, 1953 at Buriasan, Kapatagan, Lanao del Norte and whose parents are Inocencio A. Angelo and Esther G. Angelo. Any person adversely affected by said petition may file his written opposition with this Office not later 15 days.

BWM: Aug. 5 & 12, 2016

(Sgd.) IVY REYES TONGCO Municipal Civil Registrar

Cimagala... from page 4

In other words, we should not have superfluous things, creating needs that are really not needs, and thereby

generating attachments that can be a hindrance in one’s relation with God and with others. Together with this call to detachment, Christ is telling us to be fruitful in this life. “Much will be required of the person entrusted with much,” he said, “and still more will be demanded of the person entrusted with more.” (Lk 12,48) It’s a call to generosity that he has reiterated many times, like in the parable of the talents, for example, as well as in the parables of sower and the seed, the tenants in the vineyard, and the different images he taught about the Kingdom of God. We need to trade and make a gain and an increase of what we have received from God. And then we have to be generous in our selfgiving. “Without cost you have received,” Christ said. “Without cost you are to give.” (Mt 10,8) With these words, we are told to give ourselves completely to God and to others, sparing and keeping nothing for ourselves, because God has been generous with us, and he will always provide everything that we need. roycimagala@gmail.com.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 43 Gingoog City

from page 3

Republic of the Philippines Region X Province of Lanao del Norte Municipality of Kapatagan

aircraft, having won over 1,600 orders. At present, over 1,300 aircraft are flying with some 120 airlines worldwide on a wide range of routes, from domestic and regional flights to long range intercontinental services of up to 13 hours. Offering the lowest operating costs in its category, the A330 is the most profitable and best performing aircraft in its class, so far. “This order from CEB is another endorsement of the efficiency of the A330 for profitable long haul low-cost services,” added John Leahy, Airbus Chief Operating Officer Customers. “Combining low operating costs, proven reliability and a great passenger experience, the A330 is the preferred choice of airlines in this competitive market segment. We are looking forward to working with CEB as it grows its long haul services and flies to more destinations across the world.”

OFFICE OF THE CLERK OF COURT & EX-OFFICIO SHERIFF NOTICE OF EXTRA-JUDICIAL SALE File No. 221-2016 Upon Extra-Judicial Petition for sale under Act 3135 as amended by Act 4118. Filed by ORO INTEGRATED COOPERATIVE., with principal address at Yacapin-Tiano Sts., Cagayan de Oro City, against SPS. MARK G. KHO and HAIDEE P. KHO, LEMUEL VALDEVILLA and ARTURO G. CASISON of Brgy. 20, Gingoog City, Misamis Oriental, to satisfy the Mortgagee indebtedness which as of June 08, 2016 have amounted to FIVE HUNDRED TEN THOUSAND SEVEN HUNDRED FIFTY SEVEN PESOS AND 90/100 (P 510, 757. 90) and TWO HUNDRED TWENTY NINE THOUSAND FIVE HUNDRED THIRTY FIVE AND 94/100 (Php 229, 535.94) excluding liquidated damages, other charges and foreclosure expenses and other fees incurred in the foreclosure proceedings, the undersigned sheriff will sell at publication auction to the highest bidder for CASH on October 10, 2016 at 9:00 o’clock in the morning to 4:00 o’clock in the afternoon at the Office of the Clerk of Court, Regional Trial Court, Dugenio St., Gingoog City, the following properties with all the improvements existing thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. 16976 “A PARCEL OF LAND (Lot 4 – A. Psd-10-060243, being a portion of Lot 4. Pcs-10-004082) situated in Poblacion, City of Gingoog, Province of Misamis Oriental, Island of Mindanao. Bounded on the North by NW Lot 4-B; on the South by Lot 9. Pcs-10-004082; on the East by NE Road Right of Way; and on the West by SW Lot 4-B. Beginning at a point marked “1” on plan, being S. 80 deg., 29’E., 2015.85 m. from BLLM-1, Cad-295. Thence: 1-2 S. 35 deg., 00’E., 10.50 m. 2-3 S. 76 deg., 38’W’., 9.00 m. 3-4 N. 27 deg., 03’W., 10.00 m. 4-1 N. 76 deg., 21’E., 7.50 m. Containing an area of EIGHTY (80) SQUARE METERS MORE OR LESS. All sealed bids must be submitted to the undersigned on the above stated date and time. In the event the public auction should not take place on the said date, it shall be held on the next working day without further notice, posting and republication. The prospective buyer/s may investigate for themselves the title of the herein described property/properties and the encumbrances thereon, if any there be.

Gingoog City this 9th day of August 2016.

FOR THE EX-OFFICIO SHERIFF BY:

(Sgd.) IVY REYES TONGCO Municipal Civil Registrar

BWM: Aug. 12 & 19, 2016

BWM: Aug. 12, 19 & 26, 2016

(Sgd.) FLORA C. PEREZ Sheriff IV RTC-Branch 43 Gingoog City

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