Skip to main content

BusinessWeek Mindanao (August 14, 2020)

Page 1

BusinessWeek M I N DA N A O CREDIBLE

Volume XI, No. 30

Market Indicators

AS OF 6:00 PM AUGUST 13, 2020 (TUESDAY)

FOREX US$1 = P 48.840

10

PHISIX 6,097.78

X X Briefly

cents

102.78 points

Banana chips DAVAO City — Banana chip maker Southern Harvest, Inc. (SHI) started operating its factory at the Anflo Industrial Estate in Panabo City last week, and is looking to employ an additional 130 employees as it slowly increases output. The company, owned by the Davao-based Abella family, exports to Australia, Russia and China. Ricardo F. Lagdameo, first vice-president of Damosa Land, Inc. which owns and manages the economic zone, said SHI is recruiting more workers for its production line, from peeling to packing.

YOUR MINDANAO-WIDE BUSINESS PAPER

RELIABLE

IN-DEPTH

Friday|August 14, 2020

B

USES have been now allowed to ply inter-regional routes in some parts of Mindanao, the Yanson Group of Bus Companies (YGBC) said on Wednesday.

The YGBC said at least five routes have been reopened after the Inter-Agency Task Force (IATF) and the Land Transportation Franchising a n d R e g u l at or y B o a rd (LTFRB) have approved the

resumption of these routes. It can be recalled that bus operations were ordered suspended by the government following the outbreak of the coronavirus disease 2019 (Covid-19).

Celer Estologa, the YGBC spokesperson for Mindanao, said the bus company’s subsidiary Bachelor Express, Inc. was allowed to resume operations to ply those BUS/PAGE 7

Foresters nationwide join calls to stop cutting down the 300-year-old Toog tree By CHRIS V. PANGANIBAN

SAN FRANCISCO, Agusan del Sur--- Foresters nationwide have joined the calls to save the iconic giant 300-year-old Philippine Rosewood tree (Petersianthus quarialatus)or locally known as Toog from its impending cutting down the upper half portion as decided by local government officials here. In a letter dated August 12, the Society of Filipino Fo r e s t e r s , I n c . ( S F F I )

Bamboo faceshield DAVAO City – The Mindanao Development Authority (MinDA) has provided P200,000 financial assistance to a group of Cotabato farmers in M’lang town that produces face shields with bamboo components. In a statement Tuesday, MinDA Secretary Emmanuel Piñol said the agency decided to provide support to the group following the deluge of orders that came in following his Facebook post promoting the locally-made product. “During a Management Committee meeting of the MinDA, my proposal to provide the farmers the financial assistance to be taken from the savings of the different offices to buy tools and work tables was supported by all the members of the ManCom,” Piñol said.

P15.00

Bus firm gets okay to ply Mindanao routes www.businessweekmindanao.com

has appealed to Mayor Solomon Rufila to hold in abeyance the cutting down of the Toog tree since they are asking Dr. Armando Pa l ij on , a k n ow n t re e surgeon and former forestry professor at University of the Philippines-Los Baños c ampu s , t o p e r s on a l l y assess the landmark tree prior to implementing the local government unit’s final TOOG/PAGE 7

RESUMPTION OF TRAVEL. The Inter-Agency Task Force (IATF) and the Land Transportation Franchising and Regulatory Board (LTFRB) has just approved the resumption of operation of several bus companies plying selected destinations in the Mindanao region. photo by gerry gorit

C. de Oro city council approves anti-discrimination ordinance By FROILAN GALLARDO, MindaNews

T H E C a g ay a n d e O ro City Council on Monday unanimously passed a l a n d m a r k ord i n a n c e penalizing discrimination against members of the LGBT

(lesbian, gay, bisexual and transgender) community, persons with disabilities, COVID-19 patients and medical frontliners. Councilor Joyleen

Mercedes Balaba, author of the “Cagayan de Oro Diversity and Equality Ordinance” said the measure will send a strong message that discrimination has no place in the city. Balaba said the ordinance ORDINANCE/PAGE 7

CASH FOR WORK. A boy joined in the Cash For Work program in Barangay 35, Cagayan de Oro City intended to unclog Bitan-ag Creek which traverses flood prone areas in the city. photo by gerry lee gorit

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776


2

Local

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

FRIDAY|AUGUST 14, 2020

Mindanao products to shine in Manila's MinDA Tienda

D

AVAO City – Fruits, marine products, and other goods from Mindanao will be showcased during the week-long "MinDA Tienda sa Manila" scheduled in September, Mindanao Development Authority (MinDA) Secretary Emmanuel Piñol said Wednesday. Piñol said the "MinDA Tienda sa Manila" which will be held at the Mehan Garden beside

the Manila City Hall has already been approved by Manila Mayor Isko Moreno, tentatively scheduled from September 20 to 26. "This followed after the announcement of Russian President Vladimir Putin on Tuesday (August 11) that the Covid-19 vaccine is now available and that the Philippines will be one of the first beneficiaries," he said. Piñol said the planning for the market showcase

began early this year and that the chosen date was in anticipation of the harvest season of fruits and marine products in the island between September and October. Among the products which will be showcased during the weeklong activity are

fruits coming from the Davao and Central Mindanao regions and the marine products from as far as Sulu and Tawi-Tawi provinces. Other highvalue products to be displayed are the black and red organic rice, the popular Zamboanga Spanish sardines,

vegetables from Bukidnon's IMTASULA (Impasug-ong, Talakag, Sumilao, Lantapan) vegetable complex, and locally woven fabric made out of indigenous fibers. The event, Piñol said, will be patterned after the highly successful "MinDA Fruit

Festival" staged in Baguio City last year, which will link Mindanao suppliers to direct buyers in Metro Manila. "It is one of the programs complementing the Complete Value Chain Policy of MinDA to empower its agricultural and fisheries producers," Pinol said. (PNA)

A glimpse of a promising town By ROSEMARIE A. JADMAN Teacher III

Enriched with natural resources, fresh and cool climate intertwined with bountiful agricultural products and blessed with hidden tourist spots… It is the place where one will always want to visit once he/she steps on the land of sweet serenity. It is one of the towns of Misamis Oriental, wherein it is so much alike with Baguio City when it comes to the ambiance and vast surroundings. So come and let us discover the beauty and the hidden place of Claveria. Nestled in the rolling place and mountainous area, Claveria is the only municipality of the province that has a cooler temperature which ranges below 16 - 22 degrees Celsius. Indeed, when anybody may travel Claveria, starting from Villanueva,(town of Misamis Oriental) one may notice during his/her ride that they already

reach Claveria through its temperature. Since the cold wind and freshness of air will intrinsically enter within the pores of the skin which may make him/her embrace oneself due to the intense coldness of the weather. Unravelling the reason of this one of a kind weather condition in the municipality is the virgin forests that are rampant in every barangay which contributed to the relaxing environment. Different species of trees thrive and grows freely that give shed to prevent soil erosion. It is also the main source of pure water that flows in the spring and rivers beside the woods which distributes evenly in the major areas of the municipality. Sprouting beneath the wonderful creation is the blessing of various waterfalls that generates vigor to the humanities who may explore its

wilderness and beauty. The springs and waterfalls remains to be mystical in its beauty which promises happiness and satisfaction for every being who will visit in the magnificent spot. Not only that, the mountainous area offers endless adventure and excitement mix with fun and challenges. The popular mountains are Mt. Sumagaya, Mt. Lumot and Mt. Balatukan. Various views and scenic restaurant mushroomed from different place of Claveria such as the famous View Deck, Janopolan Spring Resort, Mita’s Garden, Chelsea Café, Don Narciso, etc. All these and more can be offered and enjoyed once you visit our town. Above all the multifarious variety of attractive scenery, verdant corn fields and rich natural resources, Claveria is worth living for. Claveria is the place to be.

CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011


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

FRIDAY|AUGUST 14, 2020

DTI prepares MSMEs to adopt e-commerce

T

HE Department of Trade and Industry (DTI) targets micro, small and medium enterprises (MSMEs) to adopt digital commerce for their businesses to thrive amid a challenging environment due to the

coronavirus disease 2019 (Covid-19) pandemic. In a webinar Tuesday, DTI Assistant Secretary Jean Pacheco said the department is crafting an e-commerce roadmap which aims to improve market access for MSMEs,

3R’s of Learning – An Advocacy By ROSEMARIE A. JADMAN Teacher III

Reading, Writing and Arithmetic are considered the three R’s of learning. These are the basic lifetime skills that need to be taught among our young children. It is anchored on the philosophy of essentialism where the basic skills and discipline are imposed. It should be learned during their formative years because it is the foundation of their learning and the springboard of their educative process. In the 3R’s of learning, reading is highly valued. In fact, ‘No read, no pass’ was a policy for Grade One, when I entered the Department of Education. This policy was during the Revised Basic Education Curriculum (RBEC), until it thoroughly changed since the era of K12 Curriculum. It is also equivalent with the ‘no read, no move’ policy, wherein a Grade One pupil, should not be promoted to Grade Two level, unless she can

3

CorporateWorld

read both Filipino and English at their level. Generally, I really advocate the views of essentialism during the formative years of the children because the skill and the basic academic knowledge are being instilled as young as they are. In the essentialist system, the pupils are required to master certain academic skill in a particular grade level before they can be promoted to the next Grade Level. Thus, the no read no pass policy is embedded in this philosophy. The pupils need to know first how to read simple sentences, write their name in the correct form and count numbers or solving simple problems. The content moves toward more complex skills and detailed knowledge. Nowadays, essentialism is less valued due to the mushroom of so many strategies that link to the modern

philosophy. However, this philosophy is still important especially to us in the elementary since it is enacting the back-to the-basic approach. This is to promote reasoning, train the mind and ensure common culture among the citizen. As teacher, he/she must have an important role in molding the child’s mind so that the essentials of academic learning should be internalized. The teacher also focused on achievement as a means of evaluating progress. It has to be done this way so that the teacher could assessed how much the learned in each phasing of the lesson. As a whole, the philosophy of essentialism should be integrated in the curriculum especially in the elementary level since during this stage basic skills are being taught as their foundation of learning.

prepare them for digital transformation, and make logistics efficient and at a lower cost through integration. Pacheco encouraged businesses to tap the potential of digitalization, as one can start his online businesses through social media and can further expand to other online platforms. She added e-commerce is also borderless where one can buy and sell anywhere and can create sales 24 hours. Maintaining cost for an online store is also 10 times lower than a physical store, the DTI said. “Covid-19 has accelerated the adoption of online transactions in the country,” Pacheco said. She said business registrations in online retail surged when the Covid-19 hit the country and the government implemented community quarantine measures. As of Aug.10, business registration related to online retail grew to over 68,000 from around 1,700 registrations in January to March 2020.

More than 33,000 of the total business registrations of online retailers were listed in the month of June alone, Pacheco said. “For market access, the opportunity for Philippine businesses is huge, and we’re mindful of these following statistics: the Philippines, our total retail sales is valued at $63 billion, while e-commerce accounts for less than 4 percent valued at $2.4 billion,” Pacheco said. She added global e-commerce sales reached $3.34 trillion with 4.57 billion active internet users. The Philippines has the most number of mobile subscriptions at over 120 million. However, time spent by Filipinos for online buying and selling is just 10 percent, she said. Moreover, the e-commerce roadmap aims to reduce the logistics cost and make the system more efficient. “In our roadmap, we introduced a simple strategic framework with three major elements ADOPT/PAGE 7


4

Opinion

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463-826-272-000 – VAT. Reg., and with Business Permit No. 2020-04015. Tel. Nos.: (088)856-3344, (088) 810-100, 0923-432-0687, 0917-7121424

KIM'S DREAM

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 MARY D. SUDARIA, PhD Vice President for Finance MIKE BAÑOS Vice President for Digital

NELSON CONSTANTINO Editor-in-Chief

GILBERT Y. CHAO

JUN AYENSA

Motoring Editor

Regional Editor - Caraga

MIKE BAÑOS Contributing Editors

ATTY. ANTONIO S. SORIANO

Feature Editor

2f, ICS Building Tel.No.: 881-0176 Tiano cor. Montalvan sts. Legal Counsel

CLIFFORD SANTILLAN

ATTY. MARIO T. JUNI

CHAINCERLIE SUMALPONG Advertising

Juni Law Office Cruz Taal St., CDO Legal Counsel

JOE PALABAO Layout Artist

Cell No: 09352379999

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

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

Charge what you're worth Thin k a minute… The famous car manufacturer Henry Ford was the first to use the assembly line in his factory for mass production. His company built and sold hundreds of cars each and every day. But one day the big generator that produced all the electricity for Ford’s factory suddenly stopped working. The entire factory shut down, costing Ford a massive amount of money. He quickly called one of the nation’s top engineers to come fix it. The expert engineer soon arrived and began examining and tinkering with the big generator. After only one hour, the engineer had found the problem and fixed it! Immediately Ford’s factory began making cars and money again. A few days later Ford received the bill in the mail from that top engineer for fixing Ford’s factory generator. The bill was $10,000! Ford cou ld not b elie ve how expensive it was, so he called the engineer on the phone. He said: “Excuse me, Sir, but isn’t $10,000 rather high for just 1 hour of tinkering?” The engineer replied: “Mr. Ford,

THINK A MINUTE

JHAN TIAFAU HURST I’m charging you $10 for my one hour of tinkering, and $9,990 for knowing WHERE to tinker!” Ford answered: “I guess you’re right.” And Ford paid the engineer his $10,000. People usually accept your own estimate of yourself. They give you the same worth you give yourself. So don’t sell yourself short! I’m not saying we should go around full of pride, thinking we are better than other people. But if you have special abilities, training, or experience in a certain skill, then you have reason to be confident in your work and charge what you’re worth—whether it be with computers, sales, WORTH/PAGE 7

FRIDAY|AUGUST 14, 2020

Cooperativism: The Great Equalizer An Idea Whose Time has Come

Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com

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

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

ORLAN R. RAVANERA It has been said that “a strong army can conquer a kingdom but the strongest army in the world cannot stop an idea whose time has come.” In a world where only one per cent of the population c ont rol s t h e e c on omy ; where the wealth of eight (8) wealthiest families in the United States is equivalent to the consolidated assets of some 3.6 billion people or h a l f of t h e wor l d’s population; where a cake worth $42 thousand in the US is served while some 821 million people in the world are hungry; where there is so much unsustainability in economy and in ecology that has given rise to the anthropogenic climate change; where gross inequality and social injustice are bringing forth violent extremist – it is against this backdrop that the countervailing force has come of age by harnessing the collective power of the people to advance a new paradigm called cooperativism! The present economic paradigm has brought forth so much oppression that is sacrificing the people and the environment to the altar of greed and profit by a few global corporations. Let notice be served that there is now a shift in paradigm to regain back

the lost ecological integrity and the dignity of human beings. Yes, human beings are not disposable waste; they were created by God in His image and likeness. Indeed, cooperativism is the great equalizer and the State’s power to tax must bow down to the principle of equity and social justice. No one will deny that death and taxes are two things in life that we cannot all escape from: death, the inevitable fate of us mortals, aptly described as our “marriage to eternity, eternity being the home of the souls,” and taxes as the “life-blood of the nation” without which the essence of the State will just be illusory. That being the case, the State rarely relaxes its inherent power of taxation which is most pervasive and persistent than its other two fundamental powers, that of eminent domain and police power. And when the State gives tax exemption, it does so only for very important reasons that have great bearing on its reason for being as a nation. Yes, while the State’s power to tax is so strong, taxes being the lifeblood of a nation. Yet, it must bow down to the principle of social justice, the razon d’ etre of cooperativism. No one can dispute that social injustice looms in so many ways. It is seen in the life of the farmers tilling not their own land, they do not control the mode of production and marketing. This is the reason why everyone is profiting from farming except the farmers. Food comes from their farms yet their dining table fall short of food. As countervailing measure,

the farmers must harness their collective p owers through cooperativism. Indeed, cooperativism has become the liberating force to extricate the peasantry from the quagmire of poverty. In a country controlled by a few oligarchs who are following a development paradigm which is only successful in sacrificing mother Earth and the people to the altar of greed and profit, the only alternative course of action is to empower the people to craft their own destiny. Inclusive growth can only be had through people e mp owe r m e nt t h rou g h cooperativism. Why are cooperatives so essential in the life of the nation? For one, it is my contention that cooperativism in this country is in itself an exercise of the most important power of the State which is the Police Power. Its very existence is to rectify social ills and economic flaws, foremost of which is social injustice. This is the reason why it is so stated in the Constitution as a declared State policy to “advance cooperativism as an instrument of social justice, equity and economic development.” The framers of the 1987 Constitution must have fully realized the importance of cooperativism as a vehicle to democratize wealth and power in a highly skewed societal order with only a few elite in control at the expense of the many who are powerless and wallowing in poverty. Thus, by its very nature and function, a cooperative is for service, to unfetter the poor from the vicious cycle of poverty through value

formation and by enhancing their capacities and skills. It does the work what are in fact in the realm of governmental functions in advancing the welfare of the people through multifarious services to their members, i.e. providing much needed capital to make them productive, participation in good governance, in resource management and in running basic utilities, be water or electricity. In Cagayan de Oro, let us cooperativize the water district. Let us serve notice to one and all that water, just like air, is a means to life and must not be the subject of commerce for profit. Such truism was stated recently by His Excellency, our beloved President Mayor Rodrigo Roa Duterte in his State of the Nation Address. No oligarch, no cartel, no elite should control water and electricity. These should be put under the control of the consumers – the people themselves – through cooperativism. Water comes from the invisible water dam called forest. Let not an oligarch corner the flow of the water then sell it at a high price. That corporation doesn’t own the water as it comes from nature. Let the people of Cagayan de Oro be the ones to collectively manage the water district underscoring the truism that water is a means to life and must not be subjected to commerce of men otherwise only those with money who can live which is contrary to God’s will. Indeed, cooperativism has come of age as it is the one to empower the poor and the oppressed – all for God’s greater glory!

Just say thank you Which is one of the most difficult words worldwide? P O P C AT E P E T L , t h e Mexican mountain? Or, C H IC H IC AST E NG O, a small town in Guatemala, or OUAGADOUGOU, the former capital of Upper Volta in Central Africa? Well, guess what. "Somebody comes to my place and drinks a lot. I just keep on roaring and flowing and remain happy during my whole life, because I can give and share ... - even without any gratitude!" That engraved saying is from a historic fountain in Regensburg in Bavaria in Germany. "Be in the making, means be thankful forever!" What a meaningful quotation from Goethe's drama "Faustus" (1831), but how very far away from today's reality. Let me ask you, my dear reader, "When did you say recently THANK YOU ?" In the supermarket to the

cashier ... after a business meeting to your partners ... as a boss to your staff ... as a husband or wife to your partner ... etc. ... etc.! Hold on, I don't mean it as a disgracing phrase, no. I mean it as an honest attitude to which we are all susceptible. "The Pharisee stood apart by himself and prayed ... God, I thank you that I am not like the tax collector over there", (Luke 18,11). "What's more transient than gratitude?" asked the German poet, Friedrich Schiller (17591805) in his drama "Don Carlos". Gratitude, or thankfulness, in our daily life and surroundings: many times it's just forgotten because we treat sacrifices of hard-working people, s er v ices, and e ven t he smallest relief without saying it as only natural and take it as a matter of course. In times

of Covid-19, many of us express again their gratitude to all frontliners. That's good and very important too. Many of our earthly leaders forget that they got their positions because of our trust and votes. And how did they thank us? One of my former publishers from an international company with branches in Berlin, New York, and Amsterdam, told me one day: "Thank you for having your job well-done. It's a success for the whole company!" I couldn't care less if the grumpy taxi driver isn't able to mention a simple 'Salamat' after I pay my fare including a small tip. But if children forget to express their gratitude to their parents, who keep on tr ying ever ything to guarantee a good education while struggling financially through life - yes, then it becomes painful and

HAVE MY SAY

KLAUS DORING embarrassing. Well, let's think about it again. Saying thank you helps building up bridges and connections - not ONLY in business life - and it is at least as important as praise and recognition. +++ Email: dor ingklau s@ gmail.com or follow me on Facebook, Linkedin or Twitter or visit www.germanexpatinthephilippines.blogspot.com or www.klausdoringsclassicalmusic.blogspot.com .

LIKE US ON FACEBOOK!

https://www.facebook.com/BusinessWeek.Mindanao


5

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

FRIDAY|AUGUST 14, 2020

Cebu Pacific posts losses as pandemic rages on

C

EBU AIR, INC. swung to a net loss in the second quarter of 2020, hit by the ongoing coronavirus pandemic. The listed operator of budget carrier Cebu Pacific on Wednesday reported a net loss of P7.96 billion for the quarter, reversing a profit of P3.79 billion in the same period last year. The governmentimposed travel restrictions during the period resulted in a nearly 93% decline in the company’s gross revenues to P1.42 billion from P23.53 billion in the

year-earlier period. Without indicating the details for the second quarter, the company said it had seen a 60.1% decline in passenger traffic from 11.2 million to 4.5 million in the first semester, as the number of flights was lower by 55.6%. There was also a 7.3-percentage point decrease in seat load factor from 87.2% to 80.8%, it added. Total expenses for the second quarter also dropped 58.5% to P7.71 billion from last year’s P18.56 billion. To recall, the carrier, in

the first quarter, recorded a 24.9% decline in revenues to P15.91 billion from P21.18 billion in the same period last year. The company posted a net profit of P3.36 billion in the same period last year. The coronavirus pandemic had triggered cancellation of flights to China, Hong Kong, Macau and South Korea “in varying periods due to the imposition of travel restrictions,” the listed company noted. “With the rapid escalation of the situation surrounding coronavirus disease 2019 (COVID-19),

the Philippine government implemented a community quarantine which then prompted the group to suspend all its scheduled flights beginning March 19, 2020. While some sporadic arrangements for sweeper flights to assist stranded tourists did occur, for the most part, the group’s operations were virtually nil until April when some cargo flights within the Philippines and eventually to countries like Japan, Thailand, China, Hong Kong recommenced,” it added.

DEL Monte Philippines, Inc. (DMPI) is planning to raise up to P7.5 billion from the issuance of fixedrate bonds to refinance existing debt obligations and fund other corporate requirements. Philippine Rating Services Corporation (PhilRatings) said in a statement that, DMPI is planning a P5

billion issuance with an Oversubscription Option of up to P2.5 billion. The ratings firm has assigned the DMPI bonds with its highest Issue Credit Rating of PRS Aaa, with a Stable Outlook. Obligations rated PRS Aaa are of the highest quality with minimal credit risk. The obligor’s capacity to meet its

financial commitment on the obligation is extremely strong. PhilRatings said the rating and outlook reflect the firm’s healthy cash flow generation; strong brand equity and market leadership in food and beverage categories; and its diversified products and markets. It also noted the

relatively stable outlook for the food and beverage industry despite the COVID-19 pandemic as these are seen as basic and essential goods; the firm’s sustained profit performance; and manageable liquidity and debt position. DMPI holds the biggest market share in the packaged pineapple and mixed fruit, canned and REFINANCE/PAGE 7

Del Monte plans P7.5-B bond offer to refinance debt

Christianity in the 21st Century By ROSEMARIE A. JADMAN Teacher III

Train up a child in the way he should go, and when he is old he will not depart from it, (Proverbs 22:6). Such a meaningful proverb, that may instill good values among children as young as they are. But is this still possible in the aged of the 21st century learners were gadgets and computers are their way of living? The 21st century learners are digital natives. They tend to use high technologies in their daily activity. Despite of the presence of this technological software, Christian education must be their way of life. Most importantly, they must be guided in accordance with the law of God because they are highly exposed in the mass media where everything is shown. Thus, the first teachings of God must begin at home. Since the family is the basic unit of the society, the word of God must be taught by the parents. The proper upbringing of the child is entrusted to the parents where proper nurturing must be molded within the child’s life while they are still young. The parents must know their duties and responsibilities in rearing the child. Especially today, where the children are living in the 21st century, they have to be taught first at home on what are the right and wrong doings so that if

they will be exposed to the environment full of trials they already know what they are going to do. Teachers have also critical role on the proper guidance of the child’s behavior. He/She is the first person who could identify what kind of family that a child came from. The teacher also has the opportunity to restructure the bad values that he has developed in his/ her family. God’s teaching is never too late for children who were grown in a critical environment. Our role as teacher is very relevant to their life in molding their future. Jesus is also a teacher. Following His way of teaching might be difficult but we have to deliver the teaching of God so that every pupil must be enlightened on the truth that they have to follow. Christianity tells about the good values that must be instilled and applied in our life. Integrating Christian education is such a privilege to serve God. In the public school, religious instructions are encouraged. In fact, there is a schedule given for this teaching. Since Roman Catholic is the majority religion of the people, there are Religion teacher who willingly give their time to instill religious teachings for those Roman Catholic children. Through this

instruction, they are being taught with the angelus and other religious work that a catholic children should learn. It is very helpful in educating good behavior because they are instructed on the things they ought to do. It is indeed a great help for the teacher because Religion teacher aims to uplift the faith of our young children so that they will be strong enough to face another challenges of life. They are needed in spreading the good news of God and its meaningful teachings towards the enlightenment of every individual. Facing the 21st century is such a big challenge on how to train the child on the way they should be. However, as a united nation we have to adhere strong relationship in making this thing happen, because the future of our children is at stake. The struggle in Christian education to continue despite of the many challenges is a will of God and the people must pursue it towards its attainment. In unity, we stand. So, we have to work hand in hand for the fulfillment of our goals to create a better world and a productive citizen. The 21st century learners are creative individuals who need proper attention and guidance so that values will be molded in accordance to the will of God.

The airline’s commercial passenger operations resumed on June 3, starting with limited-capacity domestic flights. Still, the company described its consolidated balance sheet as “strong” as of June 30. “As of June 30, except

as otherwise disclosed in the financial statements and to the best of the group’s knowledge and belief, there are no events that will trigger direct or contingent financial obligation that is material to the group, including any default or acceleration of an obligation,” it added.

How we respond as a teacher towards pandemic By JUDITH B. DELA CRUZ Teacher III Claveria Central School

The term “unprecedented t i m e s” h a s b e c om e a hallmark for describing the context in which leaders must respond to changing needs during the COVID-19 pandemic. Effective responses in education are dependent upon teachers as the front-line workers in classrooms, so it’s essential that administrators take care of teachers. When they do so, they also take care of students. When teachers don’t have the resources they need, and especially when sustained job demands are high, teachers experience chronic st ress — and eventually burnout. Te a c h e r s w h o a r e burned out are less effective

as te achers, have less supportive relationships with students and, in turn, the students they teach have lower academic and social outcomes. Teachers’ concern for vulnerable students is one of the most stressful aspects of their jobs right now. First, we saw clearly that teachers have a caring role in the lives of students outside students’ academic work, and that teachers’ concern for their students is top of mind for them right now. No t b e i n g a b l e t o observe every child and youth each day intensifies teachers’ worries, as they aren’t confident that all their students are OK.


6

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

FRIDAY|AUGUST 14, 2020

Dabawenyos urged to check meat sold in public markets THE DAVAO City government urged Dabawenyos to be extra cautious in buying fresh and processed pork meat by checking the inspection certificates issued by relevant government agencies especially that the African Swine Fever (ASF)

remains a threat to the hog industry in the city. This is after the inspectors from the City Veterinarian’s Office (CVO) have found African Swine Fever (ASF) virus in the samples of chorizo, tocino, and lumpiang shanghai taken from the

Education under new normal MARIA JOY M. EDRALIN, T-III Bugo Central School

The Covid-19 pandemic has brought extraordinary challenges in educational sectors where no one knows when this pandemic end. Education is one of the highly affected by the pandemic. It changed the norm of education from the normal opening of classes from June to August and the mode of educational approaches. Face to face classroom setting is no longer advised. Since face to face discussion is no longer acceptable amidst the pandemic, the Department of Education (DepEd) innovates education through distance learning t o m a i nt a i n p hy s i c a l distancing and avoiding t h e s pre a d i n g of t h e virus and to ensure the safety of the students and teachers. In distance learning, online platforms and blended learning is much recommended to pursue their mission in i mpl e me nt i ng qu a l it y education. In online learning, the delivery of learning resources is through online by the use of internet. The most popular apps for online learning are

go ogle classro om and z o om w he re stu d e nt s and teachers are virtually meet. The DepEd also used the media networks to delivery education to the students such as Television e duc at iona l prog rams and R adio broadcast educational programs. In some aspects the students are unable to have gadgets and internet for online learning, DepEd uses modules for the students. In m o du l ar l e ar n i ng , modules are provided by the school and give it to the students for free. Modules are crafted by the teachers using simple instructions from the curriculum to easily understand by the students. Amidst the pandemic, quality education is still existed in our country. We c a n p r o v i d e a n d deliver quality education to the students through collaboration. The DepEd provides teaching approaches that suits to the new normal and our part is to make these things possible. Through innovative learning, we can continue nurturing the young minds to become somebody.

Bankerohan Public Market on July 30, 2020, and August 5, 2020. The Food and Drug Administration (FDA), which is investigating the incident, has seized more or less 207 kilos of processed meat valued at P30,000. The meat

products were condemned and destructed. Assistant City Veterinarian Dr. Ester Rayos said that consumers must check if the merchant has a meat inspection certificate (MIC) signed by the meat inspector. “Nagpasabot na nga

kung naay MIC, na inspect gyud ang karne sa atoang mga accredited nga mga slaughter houses,” she said in an interview on Tuesday. She added that the vendors’ certificates must also be visible in their stalls. The consumers have

also the right to demand it. “Kung mopalit sila og karne, kinahanglan kato gyud inspected sa atoang mga meat inspector sa slaughter house. Dili sila mopalit didtoa sa kadaplinan lang nga walay mga dokumento nga MEAT/PAGE 7

Free knowledge hub for school administrators By JUNALENE B. JOSON DepEd Administrative Assistant III North Poblacion, Medina, Misamis Oriental

A free, comprehensive online resource has been launched to help improve school leadership and management – a critical factor in boosting learner performance. Known as a knowledge hub, the resource offers examples of best practice projects, case studies, local and international research findings and many more tools. These can assist schools, educators, philanthropists and companies that want to start up their own projects as

well as researchers and media needing up to date information. It is a holistic approach combining mentoring, coaching and leadership training with experience across the board to build strong school leadership and management capability of principals and senior management teams, enhancing classroom teaching skills for math and science educators. Through the knowledge hub, schools are provided with an opportunity to

access high quality information. Slowly, other companies are considering getting involved in the social investment sector so that cumulative effect is enhanced. It is generally accepted that education needs competent, inspiring leaders. But unlike the business sector which has long traditions of assessment and instruction to build up its leadership ranks, there’s not the same level of continuous training in education.

How Transparency (or the lack of it) Affects the Workplace By: MARY GRACE P. GOMONIT, ADAS-III

The question of transparency within every organization has been an issue for the ages. Almost every day, we see and hear in the televisions and the social media news related to the said word. Whether a citizen is a taxpayer or not, it still hurts to see news of embezzlement and deception broadcasted nationwide. The word transparency is often associated with money. However, it can be linked with other aspects of business and organizations as well. Just like how honest an employee is with his or her days’ worth of work.

If someone isn't, his or her white lie may cost the other department to rush their work due to a delayed transmission of information needed. The eleventh-hour effort may result in a reduced quality of the output. When a single employee fails to be as transparent as he or she should be, this may result in decreased productivity and a strain between employee and employer relationship. Being transparent also fosters comfort in the workplace and for the public as well. It clears suspicion and ambiguity

of an organization, giving stakeholders an insight into how things work. As every organization and businesses are subject to public scrutiny for almost every little thing, transparency helps subdue the public’s unease whenever any issue or rumor occurs. Another reason why transparency is essential is because of accountability. It's hard to say someone should be accountable for their actions if they're not informed with accurate and timely information. You can’t expect someone to do well if you withhold any

information that should have been disclosed right from the start. Such a simple mistake and selfishness may cost businesses and companies’ losses and would most probably cost your paycheck as well. A transparent workplace can only be possible with a collaborative effort. It's not a one-man show where you'll reap the benefits if you disclose information as you deem fit. Remember, being transparent in the workplace aims to clear any ambiguity and promotes accountability.

The Root of Morality By ROSEMARIE A. JADMAN Teacher III

BWM: July 31, Aug. 7 & 14, 2020

How do people develop morality? Criminality, teen-aged pregnancy, and adultery are just some of the many societal problems today that the children are exposed in the environment. These issues have been controversial on how morality works in the Philippines today. What are the influential factors that play a great role in molding the moral development of the children? Do all kids have the same development of morality? A psychologist named Lawrence Kohlberg developed one of the bestknown theories exploring some of these basic questions. The work of Kohlberg was being modified and expanded upon Jean Piaget's previous work, to form a theory that explained how children develop moral reasoning. Kohlberg’s theory of moral development outlined six stages within three different levels while Piaget described a two-stage process of moral development. Piaget’s theory was extended by Kohlberg emphasizing that moral development is a continual process that occurs a lifetime. On the other hand, teaching moral behavior is such a critical process because facilitating values among children involves many factors that

can make or break a child’s behavior. Today, in our 21st century, is morality still valued by our people? Such question is difficult to address because we may not know how the values are carried in everyone’s heart. Most issues in the society revolve with the problem of morality. Being morally upright is such a big challenge not only in the field of education but in the totality as a whole. The society is already sick with so much crimes and we cannot afford that it will become a contagious disease to every Filipino. Now that we have still time, instill moral behavior among children starts within the family as a basic unit of the society. They should be enlightened not only what they ought to do but also what moral behavior they have to possess. Inculcating moral education at home must be realized because it will be a springboard of being who they are and what society they create in the future. Sometimes the created law of the land tolerated the behavior of such individual. So, these must have to be re-evaluated. The minors were being used to commit crime because there is a law on minors that they will not be jailed. Although, the youth is the hope of the nation but the government

must make sure that the young must not be infested with immoral behavior to create a more civilized and morally upright individual in the future. In the field of education, so many laws in protecting the child are suppressing on facilitating the moral behavior in the classroom. Unlike before, today’s youth are ill-mannered. Disciplinary actions were not taken into account for fear of stepping the child protection policy. This must be taken into consideration because as young as they are, they should be molded in accordance to the way they should be. But what is happening now is a destabilization of the morally good and proper upbringing of children. Generally, morality guides our course of actions. The youth are very important in the future’s success. So parents, teachers and community must work hand in hand to develop moral behavior among children because they are the most important factors in upbringing moral development. Especially as they grow, proper guidance must be given so that they will be enlightened on what are the things they to be developed in their moral aspect because it will served as their weapon if they will be exposed in the problems of the society.


7

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

FRIDAY|AUGUST 14, 2020

Bus...

from page 1

routes af ter complying with the requirements set by the LTFRB 13 (Caraga region), especially on the strict observance of health protocols inside buses and in terminals. Estologa said the interregional trips are scheduled every Tuesday, Thursday, and Saturday. The LTFRB said passengers from outside the region would only be allowed to board if they could present the required documents. Pa s s e n g e r s are a l s o required to wear face masks at all times. Starting August 15, the wearing of face shields would be mandatory. Estologa said the YGBC would comply with whatever guidelines the IATF and LTFRB would issue in the future, keeping in mind the safety and well-being of its employees and the general public. “Our critical role during these tough times is to lead our people on how to sustain and provide safe and better service to the riding public. Our natural resiliency is greater than the challenges brought by Covid-19,” he said. (PNA)

Toog... from page 1

decision. “The SFFI is willing to contribute to the cause of Dr. Palijon with the belief t h at su st ai n abl e fore st management starts with a single tree,” said the letter signed by Tommy Valdez, SFF I Nat iona l C ounci l President. SFFI has more than 12,000 re g iste re d profe ss i ona l foresters in the country , registered with the Securities and Exchange Commission an d a c c re d it e d by t h e Professional Regulation Commission as an Accredited Professional Organization for foresters. Valdez suggested a post assessment guideline can be later prepared between Dr. Palijon and the local government unit on how to scientifically handle the case. Jose Kanapi, vice president of SFFI in Davao Region Council, has even expressed disgust over the decision to cut down the Toog tree as he vowed to step down to his post and burn his license on live video the moment the

execution will happen. “I posted on SFFI official Facebook page a challenge to speak out. Silence from SFFI means go ahead cut the Toog tree,” Kanapi said adding that 89 percent of SFFI members are from the Department of Environment and Natura l R es ources Ecosystem Research and Development Bureau and local government units. Last week, the Philippine Native Tree Enthusiasts (PNTE) based in Quezon City sent a letter to Mayor Rufila, Agusan del Sur Gov. Santiago Cane, Jr. and Hadja Didaw D. Piang-Brahim, Caraga regional director o f t h e D e p a r t m e nt o f Environment and Natural Resources, expressing support to save the Toog tree. PNTE is a social media group of around 14,000 members dedicated to, and actively propagating native trees since 2013. Primavera, Pew fellow and PNTE member, and A r c e l i Tu n g o l , P N T E administrator, the letter asked the concerned government officials if they acted on the recommendations during the stakeholders meeting on September 10 last year like pruning of decaying branches, treating the infected portions and conducting studies to improve tree stability by m e an s of ar t i f i c i a l buttresses, guy wires and other interventions. Primavera, an aquaculture scientist who hails from Butuan City in Agusan del Norte, said tree surgeon Dr. Armando Palijon, a retired forestry professor at University of the Philippines Los Baños, is willing to share his expertise to preserve the iconic heritage tree. A n ot h e r c a l l c am e from singer-composer and environmentalist Bayang Barrios – Villegas, who grow up in Bunawan town in this province. She asked netizens to make noise and share her message until it reaches the proper authorities. “I hope they will preserve it,” the Manobo singer said in her social media post, adding she has never heard a Toog tree fall “since time immemorial.” The verdict on the fate of tallest and the oldest Toog tree in the country was handed down by Mayor Solomon Rufila and Sangguniang Bayan members in a consultative meeting on Monday who decided for the

Republic of the Philippines Province of Misamis Oriental Municipality of Initao -o0oNOTICE TO THE PUBLIC CCE-0019-2020 R.A 10172

August 3, 2020

In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of the Administrative Order No. 1 Series of 2012 (IRR on R.A 10172), Notice is hereby served to the public that RONIE D. UY has filed with this Office, a petition for change of first name from “ “to “ “and correction of entry in sex from “FEMALE” to “MALE” or correction of entry in the date of birth from “ “to” “in the certificate of live birth of RONIE D. UY at Initao, Misamis Oriental and whose parents are FAUSTINO D. UY and AQUILINA B. DADIOS. Any person adversely affected by said petition may file his written opposition with this Office not later than August 25, 2020. BWM: Aug. 7 & 14, 2020

(SGD) ISAIAS A. JARALES Municipal Civil Registrar

retention of about 30 meters tree trunk. Moves to cut down the tree which has developed advancing decay on its buttress due to fungi and termite infections have been pushed since last week allegedly because it already put the houses near it in jeopardy and the hazard it poses to motorists along the Agusan del Sur-Surigao del Sur highway. A local environmental movement called Save the Toog tree Please (STOP) led by Engr. Mauro Bravo Jr., a retired district engineer at the Department of Public Works and Highways and a longtime local resident, has asked the local officials during the meeting to preser ve the tree by following the recommendation by experts to pursue the scientific treatment to cure the tree. STOP even presented at the meeting a proposed retrofitting structure with two elevated platform levels that will served as a view deck for tourist and visitors to get a panoramic view of the magnificent Mt. Magdiwata. Dr. Marcelina Pacho, a tree surgeon who was a former pathologist of DENR’s Ecosystems Research and Development Bureau, last year said the tree can still be treated by pruning the branches and cleaning the cavities with fungicide. Pacho made this recommendation during her visit here in September last year per upon the request of the local government to let her personally see the state of the giant Toog tree. For ten months, there was no intervention undertaken by the local government to treat the tree except from the spraying of the fungi at the decayed buttress twice in December last year. Elmer Luzon, general manager at the San Francisco Water District, has called the preservation of the tree rather than cutting down the half of it. “Let’s exhaust all means to save the three,” Luzon said as he suggested during the meeting to consider a third party that will reexamine and reevaluate the real situation of the Toog tree.

Ordinance...

Worth...

would ensure that despite their physical appearance, religious beliefs, and m e d i c a l h i s t or y, e v e r y resident has the right to live in the city. “I have seen many friends who were discriminated just because they dressed differently,” she said. She said drivers of public utility vehicles had ref us ed f ront liners from Northern Mindanao Me d i c a l C e nt e r at t h e onset of the COVID-19 pandemic. She said the ordinance imposes the penalties of one-year imprisonment and fines ranging from P1,000 to P10,000 for offenders. She said a mediation board—Cagayan de Oro D ive r s it y an d E qu a l it y Commission—to be headed by the city mayor will be set up to entertain complaints from aggrieved parties. Balaba said the mediation board will ensure that victims would have a legal body to which they could air their complaints. “The government does not wish to criminalize [ v i o l at i ons a g ai ns t t h e ordinance] but we cannot let the offenders go unpunished,” she said. Mayor Oscar Moreno is exp e c te d to sig n t he ordinance soon. Balaba said the ordinance was patterned after a similar measure passed by the Sangguniang Panlungsod of Davao City.

carpentr y, construction, business, farming, teaching, music, etc. Obviously, the One Who really knows your abilities is the One Who designed and made you. In fact, no matter what the world says your value is, your real worth comes from how much your Maker paid for you. God Himself paid for you with His own life. He actually became a human being to die for all of your sins, so you could choose not to be separated from Him and live in the worst agony forever. Today, won’t you ask Jesus to forgive you for all of your wrong living and sins, and to become the Lord of every area of your life? It is only then you can start learning your real worth from the One Who designed and created you. Just think a minute…

from page 1

Adopt... from page 3

— security, speed, and structure resulting in sales,” Pacheco said. She underscored that with the directive of President Rodrigo Duterte in his fifth state-of-the-nation address to strengthen consumer protection including online transactions, the government is scaling up its e-commerce interventions. The Chief Executive ordered concerned agencies to address risks related to security, data privacy, and misrepresentation in online transactions. (PNA)

from page 4

Refinance... from page 5

ready-to-drink juices, and tomato sauce and spaghetti sauce categories. DMPI is also into the sale of fresh fruits, largely for export. The C ompany holds the rights to the Del Monte trademark for the Philippines for processed products. Also offered in its portfolio are products under the brands of S&W, Contadina and Today’s. Having a presence in the domestic and international markets allows DMPI to balance the performance and corresponding risks of one market versus the other. PhilRatings noted that, while various businesses have been affected by the coronavirus outbreak and the prevailing community quarantine, opportunities remain for food and beverage companies like DMPI as food and beverage are classified as basic and essential goods. Filipino families continue to spend a significant amount of their income on food.

Meat... from page 6

ipakita,” Rayos said. She also urged meat vendors to have their pigs slaughtered at the city accredited slaughterhouses

to ensure these are safe for consumption. Rayos said there are two inspections conducted in the slaughterhouse – the antemortem and post-mortem. These are two inspection procedures conducted before and after the pigs are slaughtered. (PR-CIO) EXTRAJUDICIAL SETTLEMENT OF ESTATE KNOW ALL MEN BY THESE PRESENT: That the late SPOUSES HILDEGARDO M. DAGONDON and SONIA C. DAGONDON, who died on October 22, 2016, and January 8, 2004 respectively, at Cagayan de Oro City, Misamis Oriental, Philippines intestate, without will or testament, and without any known debts; that the said deceased left a parcels of land Tax Dec. No. J-0811823, situated in Kuguita, Mambajao, containing an area of 1,207 square meters, Tax Dec. No. J-0811867, situated in Kuguita, Mambajao, containing an area of 25,314 square meters, Tax Dec. No. J-1316733, situated in Kuguita, Mambajao, containing an area of 2,607 square meters, Tax Dec. No. J-1316734, situated in Kuguita, Mambajao, containing an area of 15,882 square meters, and has been the subject of an EXTRAJUDICIAL SETTLEMENT OF ESTATE, filed by the heirs of SPOUSES HILDEGARDO M. DAGONDON and SONIA C. DAGONDON, per DOC #799; PAGE #125; BOOK #XXIV; Series of 2020, under the Notarial Registry of ATTY. AVELINO P. ORSENO, JR. BWM: Aug. 7, 14 & 21, 2020

EXTRAJUDICIAL STATEMENT OF ESTATE WITH SPECIAL POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS: That the late DOLORES BACAL DEMILLO, who died on November 30, 2005 in Cagayan de Oro City and Crisologo Cadigal Demillo who died on September 16, 2011 in Cagayan de Oro City, that to the best of our knowledge and information the deceased left no will and no known debts which remain unpaid whatsoever; that the deceased at the time of their death left a parcel of land, described below; TC NO. T-175043 situated at Balulang, Cagayan de Oro City, containing an area of 10,383 square meters and has been the subject of an EXTRAJUDICIAL STATEMENT OF ESTATE WITH SPECIAL POWER OF ATTORNEY, filed by the heirs of DOLORES BACAL DEMILLO, per DOC #180; PAGE #36; BOOK #CXVI; Series of 2020, under the Notarial Registry of ATTY. NOEL G. BACAL. BWM: July 31, Aug. 7 & 14, 2020

How effective is the fiscal manager in your school By LOVELY G. QUINTANA DepEd Administrative Assistant III North Poblacion, Medina, Misamis Oriental

FISCAL managers work with an organization’s various departments to ov e r s e e t h e c o mp l e t e financial management of a company. That is also true with any public school here in the country. Fiscal managers must coordinate with the principal, with the various subject heads, with the moderators of each grade, with the prefect, even the administrators of maintenance, security, canteen and supplies as well as the registrar. They

analyze budget proposals f rom a l l dep ar t ments, estimate future demands, compare data and determine availability of funds at the Division level. Fiscal managers require a thorough understanding of the current financial industr y at the DepEd regional level to work down at the school level and achieve financial goals. Fiscal managers typically devote a great deal of time to reviewing reports and data from Day

One in June up to the end of the school year in March as these information are usually the centerpiece of stakeholder discussion regarding expenditures and f u nd i ng and how success can be measured. By stakeholders, fiscal managers will als o sit down at PTA meetings as well as barangay council committee meetings so they will have comprehensive knowledge on what to recommend for the budget of the next school year.

CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011


BusinessWeek MINDANAO CREDIBLE

RELIABLE

Editor: GILBERT Y. CHAO

FEATURE

IN-DEPTH

Friday|August 14, 2020

8

Rice of Life, an advocacy and livelihood program of RED Farms for Dialysis PH

R

ED Farms, in cooperation with Dialysis PH Support Group Inc., launches RICE OF LIFE, an advocacy and livelihood Program. The RICE OF LIFE encourages and enables Dialysis PH members to be entrepreneurs through an

investment-FREE program. This aims to ease the burden brought about by the COVID-19 pandemic which continuously affects all Filipinos and the country's livelihood and economy. Founded on April 09, 2014 by President Reynaldo S. Abacan Jr, Dialysis PH

Support Group, Inc. is a Securities & Exchange Commission (SEC) and BIR registered nonstock, non-profit, non-political, non-religious organization committed to build a healthy, educated, well-empowered support group for patients with renal

disease. "Through this project, RED Farms hope to assist the organisation and its members and work together on a mutually beneficial partnership in these times of crisis," said Mr. Richie De Quina, CEO of RED Farms and RED Entertainment. The project aims

Reynaldo Abacan

to reignite our bayanihan culture through a unique referral program, promoting Buy Filipino products. In fact, this will help stimulate the country’s economy through localized spending. Furthermore, the project aims to help in the government’s effort to promote the agricultural industry. With these efforts, this taps new markets

Richie de Quina

that will see our humble rice in a different light. A part of the proceeds of RED Farms sales during the program period will go directly to the funds of the Dialysis PH. Together with RED Farms, we offer a message of hope to all the Filipino people. This is our time to unite, a time that we can WIN TOGETHER!


Turn static files into dynamic content formats.

Create a flipbook
BusinessWeek Mindanao (August 14, 2020) by Mindanao Daily News - Issuu