BusinessWeek Mindanao (August 14, 2017)

BusinessWeek MINDANAO CREDIBLE

Volume VIII, No. 29

Market Indicators As of 5:00 pm August 11, 2017 (friday)

FOREX

PHISIX

US$1 = P50.98

7,928.43

X

19 cents

37.82

X

points

Briefly Agro-farming ZAMBOANGA City -- The Department of Trade and Industry (DTI), through its Go Negosyo center, conducted agro-farming seminar for 141 farmers displaced by the ongoing conflict in Marawi City.

The Western Mindanao Command (Westmincom) on Friday said the seminar conducted on Thursday was facilitated by the Joint Task Group Tabang, in partnership with the Go Negosyo.

The participants will soon develop a vegetable farm in Barangay Abaga, Balo-i, Lanao del Norte “to practice the knowledge and to eventually help them establish new means of sustenance.”

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AYUGAN City -- Department of Trade and Industry Caraga Regional Brielgo O. Pagaran hopes the launching of the Kapatid Mentor Me (KMMe) program here over the weekend would help achieve Caraga’s P200 billion Gross Regional Domestic Product (GRDP) potential in the next five years.

Monday | August 14, 2017

In his message during the said launch held at the city’s Lope A. Asis gym, Pagaran said that in 2014, Caraga has already reached P97 billion and he hopes the KMMe will also be able “to bring down the poverty incidence from 30% to hopefully below 20% from now until 2022.”

Pagaran also expressed his belief that “the key to Caraga region’s development and

progress is the development of Agusan del Sur” so that he encouraged everyone to strive hard.

Meanwhile, Sangguniang Panlalawigan member Susan G. Gerona, who represented Gov. Adolph Edward Plaza, in her message urged the entrepreneur-participants to put passion, interest, love, and faith in their business ventures to attain success.

Hardwork should replace laziness, she stressed.

Gerona also told the participants to “get out of the box, be innovative, and make their business unique.”

Be a blessing to others that they may be able to uplift their lives, she added.

Agusan del Sur Chamber of Commerce and Industry Foundation, Inc. President boost/PAGE 10

CDO to run 500 e-jeeps

By MARK FRANCISCO, Staff Writer

AN OFFICIAL of a public utility transport association in Cagayan de Oro City assured the public over the weekend that the operation of about 500 new e-jeepneys (E-Jeep) in the city will not aggravate the worsening traffic condition here.

In a phone interview, Cagayan de Oro First Taxi Drivers Alliance president

Retail ventures BUSINESSMEN eyeing retail ventures are encouraged to locate in areas in the Visayas and Mindanao that offer lower costs of doing business.

Presidential daughter and Davao City Mayor Sara Duterte-Carpio said most investors still prefer the capital city despite the fact that many other locations “offer opportunities which make doing retail business more economically viable and products more accessible to untapped markets”.

“Now is the perfect time to look beyond and explore retail opportunities in cities further down south. Together, we can make the Philippines become more competitive and continue to bring forth a thriving economy to the country,” she said.

P15.00

Small businesses seen to boost Caraga growth www.businessweekmindanao.com

Bernardo Jamaca said that once they receive the new units one by one, they will phase out all their old units.

Under the Department of Transportation (DOTr)’s Public Utility Vehicles (PUV) Modernization Program, the Land Transportation Franchising and Regulatory Board (LTFRB) will not e-jeeps/PAGE 10

FUEL IN BOTTLES. As the military relaxes its control over Marawi City, some enterprising vendors sell retail fuel products in soft drink bottles and plastic mineral water containers near the gates of the Mindanao State University. A liter of gasoline sells for P55 while diesel, P45. mindanews photo by froilan gallardo

DOLE opens one-stop shop for OFWs

By ANTONIO L. COLINA IV, MindaNews

D AVA O C i t y - - T h e Department of Labor and Employment (DOLE) 11 opened on Friday its One Stop Shop Service Center for OFWs (OSSCO) which houses

16 government agencies that issue documentar y requirements to overseas workers.

During t he op ening ceremony at the Gaisano Mall

of Davao, Labor secretary Silvestre Bello III said they heeded President Rodrigo R. Duterte’s directive to put together key agencies under “one roof so that our OFWs can save time, energy and dole/PAGE 10

E-JEEPNEY. The operation of about 500 units of environmentfriendly e-jeepneys in Cagayan de Oro City is also a way to replace the dilapidated and old public utilities plying the city streets, a transport official said.

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Economy

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ARMM tops fisheries production in 2016

M

ARAWI City -- The Autonomous Region in Muslim Mindanao (ARMM) is the top fish-producing region in the country in 2016, the Philippine Statistics Authority (PSA) said.

Based on the 2016 Fisheries Situationer released by the PSA, the region produced 824,314.52 metric tons of fisheries products in 2016.

The region’s production accounts for 18.93% of the country’s total production

at 4,354,472.61 metric tons in 2016. Zamboanga Peninsula followed with 554,769.71 metric tons, and MIMAROPA (Mindoro, Marinduque, Tomblon and Palawan) with 482,790.71 metric tons.

The situationer report presents the data on volume and value of production of fisheries during the period. It contains information on the current situation by major species of the three fisheries subsector,

namely: commercial fisheries, municipal fisheries, and aquaculture.

The region is the top producer of roundscad (galunggong) with 24,264.33 metric tons, frigate tuna (tulingan) with 24,815.91 metric tons, Indian mackerel with 10,737.33 metric tons, eastern little tuna (bonito) with 12,994.80 metric tons, and seaweeds with 613,174.28 metric tons.

Janice DesamitoMusali, director of Bureau of Fisheries and Aquatic Resources (BFAR)ARMM, said the high fisheries production of the region could be attributed to different factors.

The region also produces the biggest

seaweeds volume in the country. The ARMM’s seaweeds production accounts for 43.66% of the country’s total with 1,404,519.23 metric tons.

“The coastlines of the islands in the region have wider stretch, which is very suitable for seaweeds farming,” Dir Musali said.

“Good weather conditions, lesser occurrences of ‘ice-ice’ diseases, good quality planting materials and favorable water conditions enhance the growth of seaweeds in our region,” added Dir. Musali.

A total of 159,123 fishermen are operating in the 18,426,613 hectares of territorial water area under the

region’s administrative jurisdiction. The fishing grounds in the region include Illana Bay, Moro Gulf, Basilan Strait, Sulu Sea and Celebes Sea. In 2015 and 2016, the region was also the country’s highest producer of fishery products. The region produced 867,272 metric tons in 2015, and 856,957.27 metric tons in 2014 – a contribution equivalent to 18.65% and 18.27% of national production, respectively.

The region also posted the highest inland fisheries production with 243,134.78 metric tons, followed by Zamboanga Peninsula with 126,575.07 metric tons, and Central Luzon with 92,609.51

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The Fisheries situationer serves as an output of the four fisheries surveys regularly conducted by the PSA. The surveys are Quarterly Commercial Fisheries Survey, Quarterly Municipal Fisheries Survey, Quarterly Inland Fisheries Survey and Quarterly Aquaculture Survey. (Bureau of Public Information/PIA-10)

DILG 10 joins ASEAN Landmark Lighting Ceremony IN celebration of the Association of Southeast Asian Nations (ASEAN) 50th Anniversary, the Department of Interior and Local Government (DILG) Region 10 supported and took part in the simultaneous ASEAN Landmark Lighting Ceremony held at DILG 10 Grounds, Cagayan de Oro City on August 8, 2017.

With the theme “Partnering for Change, Engaging the World,” DILG-10 Regional Director Arnel M. Agabe said that it reflects the Philippine government’s advocacy to promote unity with and among ASEAN member states and its global partners.

Upholding support to ASEAN To commemorate this historical event, the Landmark Lighting involved the 50 historic landmarks and sites in the Philippines that have served as venues for ASEAN meetings and activities or as hosts of ASEAN centers and institutions.

In Region 10, these places are the province of Camiguin, and the cities of Malaybalay and Cagayan de Oro City.

Agabe said that the DILG Regional Offices, Central Office, as well as attached agencies, are joining the festivity to lighting/PAGE 11

CorporateWorld 3 Pilmico expands in Vietnam Globe launches SEA-US with Eurofeed acquisition submarine cable system Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Monday|august 14, 2017

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LOBE Telecom has launched the $250-million Southeast Asia-United States (SEA-US) submarine cable system, providing direct links between Davao City and the United States that further enhance Internet connectivity in the country.

Globe President and CEO Ernest Cu said the initiative was part of the company’s efforts to connect more homes and businesses to high speed Internet across the country.

“It is important to keep our country competitive.

We are sworn and bound by our duty to keep on improving the Internet.

This signals our entry towards first world Internet,” Cu said during its launching event Friday night at the Bonifacio Global City in Taguig.

He said that the submarine cable system would enable to support the growth of businesses in Mindanao and lessen the country’s dependence on international cable systems for its Internet connection.

“First world connection is more than just fast internet but is also about building a better nation that transcends borders and opens infinite possibilities for everyone.

We are excited about this development because of the immense benefits that the undersea cable system will bring to the Philippines. For one, it will provide support for the expanding business requirement for data in the Mindanao region where the cable landing station is located and in the country as a whole. This will also ease our dependence on international cable systems and ensure the resiliency of the country’s internet connectivity,” according to Cu. The SEA-US cable system is connected to the Globe cable landing station in Brgy. Talomo, Davao City, which also houses the power feed equipment necessary to run the system. Outside of Luzon, the undersea cable is the first direct connection of Globe to the United States via Guam, Hawaii, and

California, offering faster transmission of data to the US. It also bypasses the Taiwan earthquake zone to ensure uninterrupted connectivity and greater resiliency to prevent an incident similar to a major quake in 2006 where international cables

were broken causing the Philippines to be isolated for a few days in terms of Internet connection.

For his part, Department of Information and Communications Technology (DICT) Secretary Rodolfo Salalima cable/PAGE 11

PILMICO International Pte. Ltd. is expanding its animal feeds business in Vietnam by acquiring majority stake in a company in that country, the parent firm of the Aboitiz-led unit told the stock exchange on Monday.

Aboitiz Equity Ventures, Inc. (AEV) said Pilmico International had bought 70% or 2.8 million of the outstanding shares of Europe Nutrition Joint

Stock Co. (Eurofeed) for $5.3 million. The amount represented the enterprise value of the target company, excluding its short- and long-term debts.

“The acquisition of the 70% of the outstanding shares of Eurofeed to be paid in cash,” AEV said, identifying the sellers as Le Binh Hung and Nguyen Thi Ly. The purchase price pilmico/PAGE 11

On the third day of the Mindanao Fashion Summit 2017 last August 5 at Limketkai Rotunda in Cagayan de Oro City, model Sofia Yu dons a holiday 2017 collection of designer Gil Macaibay III (pictured here with his Mindanaoan collection during Day One.) photos by tom udasco and roger lactao

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Opinion

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Natural High think a minute

jhan tiafau hurst Think a minute…Imagine there was a safe, legal drug that not only made you feel good, but was actually good for you. And best of all, it was free! A former drug addict named William Burroughs says: “Every feeling you get on drugs you can get without drugs.” People who get high on marijuana often say they can laugh at anything. But they’re wrong in thinking that the fun comes from the marijuana. It’s actually their own ability to laugh and have fun which they already had.

So all the drug problems of harming our bodies and brains, hurting our families and relationships, ruining our jobs and careers, just are not worth it.

The fact is we were born with powerful chemicals already in our bodies that can give us these great feelings and

highs. But how do we activate and enjoy these amazing great feelings? Simply by choosing to. Did you know that fun and happiness is actually a choice? When we choose to be happy, to laugh, to have a positive attitude, and to love others, then our whole body chemistry changes. We get new energy, confidence, and a totally new perspective on our situation and life. We just feel better in every way.

Victor Frankl’s true story tells about the horrible pain and torture the Jews experienced every day in a Nazi prison camp. They were treated even worse than animals! Yet Victor Frankl and some of his fellow Jews chose to have fun and enjoy every day. They simply chose to create their own life of happiness by seeing the good in each other and the world, even with all the evil, painful things being done to them.

A successful man says that you can make any kind of job you do fun. He says: “If it’s not fun, then you’re not doing it right.” Real fun and happiness only comes when you choose to change your mind and attitude. And Jesus Christ, Who gave you the ability to be happy, can help you start changing today. Just hurst/PAGE 11

and awed not only Imperial Manila but the world at large.

By being true to himself, he had all the sarcasm for the well-heeled, scented crowd of the elite and the mighty with his gutter language, but done an impressive job of endearing himself in the eyes of the greater mass.

Duterte may be coarse, rough and uncouth, but Ruffy magbanua throughout his stint in Malacanang so far, he has AFTER just one year in office, played well with metaphors President Digong Duterte has -- the indirect approach of left a convincing impression governance that locked that he is one-of-a-kind public him up with the culture of persona – a determined leader the masses’ behavior and with a peculiar character: a thinking. ‘no-nonsense, no-matter- F u r t h e r, D u t e r t e’s what’ attitude. obnoxious ways are Sizing him up close, something previous leaders Duterte’s aggressive language of this country could not and violent tactics are proof replicate, nor out-shadow, of his toughness that shocked or even out-pace him.

Speaking out

What matters most to people is Duterte’s standpoint and how he conveys his biting messages correctly and effectively albeit sarcastically.

But with a steady record of very good ratings courtesy of SWS and Pulse Asia, more people have become optimistic about change in their quality of life.

And more people as well are satisfied with how democracy works under a foul-mouthed, aggressive presidency.

Furthermore, Duterte is now popularly known as tough on crime and corruption, but still notorious for his aggressive rhetorics and policies.

Despite criticisms, Duterte’s popularity has held strong in this country.

The SWS/Pulse Asia survey

results show that 75 percent of Filipinos are satisfied with his administration.

Beyond his controversial statements, President Digong has also been criticized to the max for his brutal war on drugs, the latest casualty were the notorious Parojinogs of Ozamiz City.

Yet despite all negative impressions about him, President Digong’s presidency is not the usual thing — he is now part of a global phenomenon worth a penny to mention: Russia has Putin, the U.S. has Trump and China has Xi Jinping, to name a few.

Tough stance, disciplinary grit, but an endearing figure of a father – these are the admirable and remarkable qualities that make President Duterte an idol and a role grit/PAGE 11

Light at the end of the tunnel?

ignacio bunye After almost a year of instability under the previous DENR leadership, the mining industry may finally be seeing the ‘light at the end of the tunnel’.

Though former DENR Secretary Gina Lopez was hugely popular for her proenvironment stance, many of her orders were questioned for lack of legal and technical basis, or worse, for being diametrically oppposed to the provisions of the Constitution, the Mining Act and other relevant issuances.

The new Department of Environment and Natural R e s o u r c e s ( “ D E N R” ) Secretary, Roy Cimatu, is now faced with the unenviable task of reviewing all these orders, particularly DENR Administrative Order No.

2017-10, which bans the open pit mining method, notwithsatnding that it is allowed under the Mining Act. Even a first year law student would know that, under our Constitution, it is Congress, or the legislative department, which exercises the power to make, alter, and repeal laws.

As a department under the executive branch, the DENR has no power or authority to issue regulations that contravene or amend existing laws. Nevertheless, that is what the previous dispensation at the DENR tried to do.

The President himself has sought to clarify his position on mining. Last week, he called representatives of various mining companies to Malacanang and acknowledged that, since there is a law allowing mining, “who am I to stop it?”. He, however, reminded mining companies to follow the law and to protect the environment. He als o admonished them to plant trees.

Interestingly, mining companies are among the most active tree planters in the

country as they are required to have an Environmental Protection and Enhancement Program which includes not only plans relative to their mining operations, but also to rehabilitation, regeneration, revegetation and reforestation of mineralized areas, slope stabilization of minedout and tailings covered areas, aquaculture, watershed development and water conservation, and socioeconomic development.

One company, Nickel Asia Corporation (NAC) in Palawan, for example, has an award-winning reforestation program. Visitors to NAC’s affiliate, Rio Tuba Nickel Mining Corporation’s site will readily see how previous mined areas, particularly a former open pit, were transformed into a forest by putting back the topsoil and planting it with trees.

The aforement ione d meeting with the President, though very encouraging to the mining industry, was lowkey and hardly reported in the news. The little that has been said in the media were based on statements made by the Senior Deputy Executive Secretary after the meeting.

Though the President’s

calming statements after a year of tumult appear to have been downplayed, these are nevertheless a welcome development and a reminder to the industry that it must also police itself to ensure that only responsible miners are allowed to operate.

RP knocks down China, again!

First, it happened in the international court. Just last Wednesday, it happened again – in the hard court.

But the second time around was sweeter. The Phi lippine v ic tor y was clearer, more convincing, and indisputably enforceable.

In the opening game of the 2017 FIBA-Asia Cup, Gilas Pilipinas dealt China, FIBA defending champion, a stunning loss. Thanks to the heroics of Gilas standouts Romeo, Standhardinger, C astro, Wr ig ht, Pogoy, Almazan and Aguilar.

In the first round – when the International Court ruled in favor of the Philippine claim on part of the West Phillippine Sea – the Philippines gained both a legal and moral victory.

Yet the victory has proved empty. light/PAGE 11

My Coming Exhibit in Prism Gallery, Makati

Lucell larawan A province-based paintersculptor? Yes, I am but I do not cower from the prejudices and fixed mindsets about local visual arts. By God’s grace, my fifth solo exhibit entitled, “Dance With My Muse”, will open at Prism Gallery in Makati City on September 2, 2017.

This is my first time to

overcome the “probinsyano” label and I challenge myself: province-based artists are not meant to be just boxed in a locale. As if no one from the provinces can be bold enough to make competitive art. As if geographical limitations can still delimit the quality of one’s artistic innovation in times of Instagram and online art platforms of many sorts.

As if the creative energies could still be confined in one geographical location. As if dreams should die because one seems to fight against thousands if he or she is a creative professional outside the hub. I defy these notions.

By all means, one can chart his or her course as a serious artist. I thank the almost absent visual arts appreciation in my immediate

milieu, but I should not rely only on my surroundings to make progress in my artistic career. And one thing more: I do not need the approval of family or friends to get fired up and motivated as an artist. I do art because I love it and this is what keeps me aligned to my calling: that is, to be God’s co-creator in limning a better society.

The journey reminds me of hard knots, how I still managed to get through, and I am about to make the next significant step. I am a self-taught artist. To give a glimpse of how I started, I began to open my eyes for art during a humanities class when I was a student at the University of the Philippines in the Visayas. Since then, I tried to find my art peers

and even founded Hebron Artist group in Iloilo City.

After diligently learning the technicalities in painting and sculpture with the help of artist-friends, I decided my own “voice” and went on with participations in art contests and exhibits.

I have had exhibits in my previous milieu in Iloilo City, but they were more for art education than for generating a demand (Iloilo City at that time was not a good venue for the arts). God’s favor still made a difference: though I was not well understood, as expected, I still got two finalist awards in Metrobank Art and Design Excellence in sculpture and mounted three solo exhibits though I was then into full-time exhibit/PAGE 10

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Banking&Finance

BSP keeps key rates steady

T

HE Bangko Sentral ng Pilipinas’ (BSP) policy-making Monetary Board (MB) revised upwards the central bank’s average inflation forecasts for 2017-19 but said inflation remains manageable, thus, it kept key rates steady.

The BSP’s overnight borrowing or reverse repurchase (RRP) rate is three percent, the overnight lending or repurchase (RP) rate is 3.5 percent and the rate of its special deposit account (SDA) is 2.5 percent.

These three represent the rates of the BSP’s Interest Rate Corridor (IRC), implemented since June 2016 to enable the central bank better manage inflation and support longterm growth.

However, the new average inflation forecast for this and next year is at 3.2 percent while it is 3.1 percent for 2019.

These were previously at 3.1 percent for 2017 and three percent for 2018-19.

BSP Governor Nestor Espenilla Jr., in a briefing, said the MB has noted the upside risks on inflation

given the impact of the proposed tax reform program.

He, however, cited that “various social safety nets and the resulting improvement in productivity will likely temper the impact on inflation over the medium term.”

“At the same time, while output prospects for the global economy have improved, downside risks to external demand remain, due in part to geopolitical tensions and lingering uncertainty over macroeconomic policies in advanced economies,” he said.

Domestic economic activity is also seen to remain positive due to strong consumer and business sentiment, ample liquidity, robust credit activity and improving absorptive capacity.

BSP Deputy Governor Diwa Guinigundo, during the same briefing, said the Board has noted the rise in domestic fuel prices in recent weeks.

In the MB’s rate setting meet last June, its oil price assumption for 2017 is $49.49 per barrel while it is

$48.78 per barrel for 2018 and $49.54 per barrel for 2019.

During its meeting Thursday, the Board adjusted these projections to $50.48 per barrel for 2017, $50.32 per barrel for 2018 and $51.36 per barrel for 2019.

Aside from oil price increases, Guinigundo said stronger growth of domestic liquidity is another factor for the change in the inflation projections.

He said domestic liquidity continues to rise “on account of the continuing expansion in economic activity and the increase in domestic credit.”

Last June, domestic liquidity or M3, which refers to the total money sloshing in the economy at a given time, grew by 13.2 percent year-on-year to P9.9 billion. This growth is faster than the revised 11.3 percent expansion in the previous month.

Guinigundo said current depreciation of the peso is also a factor in the projected faster rise of rate of prices increases on account of expanding

Classroom Management: Teachers’ Style, Preferences and Growth Mindset By: Ruth Joy S. Magno Teacher III Division of Cagayan de Oro City

Managing the learners and how to structure the classroom has a great impact on the teacher being assigned to because managing enables the teacher to have a full control on different aspects.

How to mange, how to guide and direct the learners requires teachers’ style and preferences. The style of a teacher allows one to become more creative in a way that the outcome can be seen by others. The improvement of oneself and the beauty of the classroom and dealing with students radiate from within because the teacher is the one who pilots. He is the one who has full control over and beyond the imagination of the superior. Thus, everything has something to do with a growth mindset.

If a leader of a classroom wants to improve and innovate then one must have growth mindset. In this way the mind will begin to capture and imagine the best practices to be .Believing on being a captain of the ship allows to move and

control freely in times of great and small waves in teaching. As such there is no dull moment for being a teacher because the growth mindset functions well and if it so, it allows the teacher to become productive and create an environment that is conducive for learners.

The art of thinking is a channel of change. It is a contributing factor to fuel ourselves to be the best.

Whether the actions are being applauded or not, still the rowing of teaching progresses and yield better output. It maybe in own self, the way to teach, beautification of classroom and a lot of paper works. A teacher then finds it pleasant and innovative because of the belief that doing so is a realization of wanting to improve and grow. Taking a step in every path of life has something to do how the mind is being set.

Whether a learner or a teacher is opulent or impoverish, the art of teaching and classroom management entails a

g rowt h minds et. This would come up then to realization that teaching is a noble profession that a teacher must be proud of.

But if a teacher focuses only on what he earns and not thinking beyond the ways and means, then teaching itself is a tiresome job, but if a teacher is doing beyond what is expected of him then the appreciation of this profession is worth it.

It justify that teaching is a splendid wealth that nobody can take away because it in embedded with in as the manager of the class. The good thing in itself is to have self evaluation on the way how to manage the class, how to become productive and innovative.

Truly innovation of the mind enables innovation of the classroom, school and community. By then the superior will be glad to see that the educator tries herself to grow. So deprive not yourself to improve because style and preferences entails a proper perspective and a growth mindset.

domestic demand, which in turn pushes growth of imports.

“This will be reflected in terms of supply and demand dynamics and the exchange rate is expected to show some depreciation,” he said.

Guinigundo, however, pointed out that “this upward pressure in inflation forecast was of course matched by lower actual inflation for the month of June and July.”

Inflation last June slowed to 2.7 percent from month-ago’s 3.1 percent but inflation last July moved up slightly to 2.8 percent.

These levels, however, are lower than the highestso-far this year of 3.4 percent. hit last March and April.

“The (inflation) projections are slightly up (compared to last June’s figures) but still very much close to the midpoint of the inflation target of two to four percent,” Guinigundo added. (PNA)

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DOF cites substantial progress in ASEAN financial integration FINANCE Secretary Carlos Dominguez III has cited the substantial inroads made by the Association of Southeast Asian Nations (ASEAN) on a wide range of initiatives aimed at establishing a seamless financial system across the region.

Dominguez also said this regional bloc's setting up of an ASEAN Infrastructure Fund (AIF) will benefit the Philippines and the rest of the organization’s membereconomies by way of sustaining the momentum of their economic growth and creating more jobs for their peoples.

He said the ASEAN Finance Ministers Process (FMP), which is the tool to accomplish these goals, “is following through with several initiatives” to liberalize financial services and capital accounts, develop the region’s capital markets, set up a regional payments and settlements system, and establish the AIF to promote the use of regional savings in financing infrastructure development that will support connectivity across the region.

The FMP, which Dominguez is chairing this year, has also identified four areas of cooperation, namely, the ASEAN Insurance Cooperation, Cooperation in ASEAN Customs, Cooperation in Taxation and the ASEAN Countering Terrorism, Financing and Anti-Money Laundering.

Dominguez is automatically the FMP chairperson this year, as the ASEAN celebrates its milestone 50th anniversary, in view of the Philippines’ hosting of the ASEAN meetings and President Duterte’s chairmanhip of the ASEAN summit in November.

“Much work has been invested in laying the foundations for a seamless regional financial system to support the goal of a regional economic community.

The envisioned regional economic community will enable all the memberstates to build on each other’s strengths and pave the road to rapid growth,” Dominguez said at the recent “ASEAN at 50” forum held at the Manila integration/PAGE 10

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Billboard

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Monday|august 14, 2017 RE consultation.

Organizers, guests and participants of the last public consultation on the draft rules and guidelines of the Renewable Portfolio Standard (RPS) pose at DOE’s headquarters in Bonifacio Global City, Taguig on Friday, Aug. 11, 2017. The consultation was headed by National Renewable Energy Board (NREB) Chairman Atty. Jose Layug, Jr., Electric Power Industry Management Bureau OIC-Director Mario Marasigan and NREB Co-chairman and RPS Chairman Juan Antonio Bernad.

DOE and NREB Caps Off Public Consultation Series for the Draft Rules and Guidelines of the RPS The Department of Energy (DOE) and the National Renewable Energy Board (NREB), in cooperation

with USAID B-LEADERS, conducted the last Public Consultation for the finalization of the draft

rules and guidelines of the Renewable Portfolio Standard (RPS) held on Friday, 11 August 2017 at the DOE’s headquarters in Bonifacio Global City, Taguig.

The Luzon leg of the pub-con is the culminating consultation after the Visayas leg in Cebu City and Mindanao leg in Davao City held respectively last 6 July and 26 July.

The RPS is a policy mechanism under Republic Act 9513 or the Renewable Energy Act

of 2008 that requires electric power industry participants, particularly the distribution utilities, to source or produce a specified fraction of their power supply from eligible RE resources.

The main objective of RPS is to increase the utilization of RE by enhancing national and local capabilities on using RE. “Once the RPS is rolled out, energy consumers have more options on what type of energy they want to consume,

particularly the clean and sustainable ones.

It empowers them to formulate the right energy strategies for them,” Energy Secretary Alfonso Cusi said.

The Energy Chief said, “The pub-con is a necessary tool in engaging RE stakeholders in the policy-making by gathering their insights and suggestions to ensure a comprehensive RPS rules and guideline before finalization and endorsement by NREB to the DOE.”

Today’s pub-con was led by NREB Chair Atty.

Jose Layug, Jr. as Keynote Speaker together with Electric Power Industry Management Bureau (EPIMB) OIC-Director Mario Marasigan and NREB Co-chairman and RPS Chairman Mr. Juan Antonio Bernad.

Chair Layug said, “We must ensure that the targets we have set for the RPS should not remain simply as statistics, not even as final destinations, but as milestones upon consultation/PAGE 10

Tag-ulan man o tag-init, subok na maaasahan ang Evercool Radiator at Tiger Super Molye ng AIPMC

BDO Trust wins multiple awards from​​​T ​ he Asset The Asset’s best. Ador ​​ A. Abrogena, executive vice president and Trust and Investments Group head of BDO Unibank, receives the plaques of recognition conferred by the Hong Kong-based financial publication The ​​ Asset to BDO Trust and Investments Group. The Bank was named the Impact Investor of the Year, Philippines, and Asset Management Company of the Year-Highly Commended, Philippines at the recently concluded Triple A Asset Servicing, Fund Management and Investors Awards 2017.

Paiba-iba ang panahon ngayon, minsan uulan nang malakas at minsan naman tirik na tirik ang araw. Kaya sa pabago-bagong panahon, hindi lang tayo ang apektado, kundi pati na rin ang ating mga sasakyan. Pero ‘wag ng mag-alala dahil sa Evercool radiator, walang init at pagtirik ng sasakyan ang mararamdaman at pagdating naman sa garantisadong tibay na hanap at iwas tagtag, Tiger Super Molye ang maaasahan.

Kadalasan ‘pag nasira ang

mga kritikal at mahalagang parteng ito ng ating sasakyan ay paniguradong sakit ito ng ulo at bulsa ang epekto. Kaya kung bibili nalang din tayo ng bago, dapat ay sa brand na lubos ng pinagkakatiwalaan sa loob ng 24 years sa merkado, pati nadin ng lahat ng kilalang OE manufacturer gaya ng Toyota, Mitsubishi, Isuzu at iba pa.

Sumailalim ang bawat Evercool radiator sa iba’t ibang tests gaya ng vibration test, leak test and

pressure test. Samantalang ang Tiger Super Molye naman ay dumaan sa fatigue test, load tst at shot peening process, kaya naman ang bawat byahe ay swabe at iwas disgrasya.

Available ang Evercool Radiator at Tiger Super Molye sa lahat ng auto supplies, nationwide!

Para sa iba pang detalye, maaaring bisitahin ang kanilang Facebook page- Evercool Radiator and Tiger Super Molye o ang kanilang website: www.roberts.com.ph

7 Miss Universe 2015 as Ambassador of Asia’s Premier Charity and Awards Gala Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Monday|august 14, 2017

Miss Universe 2015 and UNAIDS Goodwill Ambassador for Asia and the Pacific, Pia Alonzo Wurtzbach, gave a heart icon after being named on Wednesday (9 August) as the firstever ambassador of “Love Gala.”

In giving her time wholeheartedly in the HIV advocacy, Wurtzbach announced her personal project called Project Progressive Information Awareness (PIA) campaign or simply dubbed as Project PIA, which bears the Love Gala.

Love Gala is Asia’s Premier Charity and Awards Gala event, which will serve as a donation mechanism to support the HIVAIDS advocacy, and will honor Ten (10) outstanding individuals at “The Ripple Awards” for their exceptional contributions in raising the level of HIV-AIDS awareness in the country.

“We hope to see an increase in HIV awareness, spread love for people living with HIV, and make HIV testing among Filipinos

a normal part of their health and wellness routine,” said Ms Wurtzbach.

“I believe we can strengthen our bonds and achieve our shared goal of ending AIDS in the Philippines, AsiaPacific and the Universe.”

The maiden Love Gala will be held at the official city partner of Taguig on 1 December alongside the celebration of the World AIDS Day. It will also feature a fashion show by top Philippine designers, a starstudded miniconcert, and a special auction.

Meanwhile for the “Ripple Awards,” the Love Gala organization will only be accepting nomination until 31 August 2017.

To nominate, click on the link: http://lovegala. org/nominatenow/. Nominees will be screened based on their initiatives to create ripples of positive change that greatly influence the domestic and global HIV-AIDS advocacy.

The gala is a collaboration of private and public

Carl John Betaizar and Kimberly Ann Velez are crowned Mr. and Miss PYAP 2017 during the yearly convocation of Pag-asa Youth Association of the Philippines held over the weekend at PhinmaCOC Gym in Cagayan de Oro City. photo courtesy of charms and queens

institutions and youth-oriented organizations which was espoused by the Better Together Organization.

It also aims at augmenting the efforts to normalize the HIV-AIDS advocacy to a larger audience.

“I believe we can strengthen our bonds and achieve our shared goal of ending AIDS in the Philippines, AsiaPacific and the Universe,” says Ms Wurtzbach.

BusinessWeek MINDANAO CREDIBLE

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Editor: GILBERT Y. CHAO

mOTORING IN-DEPTH

Monday | August 14, 2017

8

Honda launches its first 7-seater Diesel SUV, the All-New CR-V

H

onda Cars Philippines, Inc. (HCPI), Honda’s automobile business unit in the Philippines, unveils the muchanticipated All-New CR-V, the first ever diesel model in Honda’s local lineup. As the growing demand of the Filipino market of an all-around comfortable SUV, the fifth generation All-New CR-V is designed with a new and efficient diesel engine complemented by a bold and sophisticated exterior styling that

matches its premium and comfortable interior. All of these improvements of the All-New CR-V aim to provide our consumers exceptional driving performance and ride quality.

Honda will offer the All-New CR-V in three 7-seater diesel variants (SX Diesel 9AT AWD, S Diesel 9AT, and V Diesel 9AT) and a 5-seater gasoline variant (2.0S CVT).

To serve and function as an all-around comfortable SUV, the 7-seater variants of the

All-New CR-V are powered by a fuel efficient 1.6-liter DOHC i-DTEC Diesel TURBO engine developed under Earth Dreams Technology that produces a maximum power of 120PS at 4,000rpm and peak torque of 300Nm at 2,000rpm. The downsized diesel turbo engine is mated to a new 9 Speed Automatic Transmission with Electronic Gear Selector and Paddle Shifters that produces a powerful yet cleaner and more efficient output. The new gearbox also offers

a number of real-world benefits to consumers.

Low gear ratio ensures a quick and powerful launch while the high gear ratio gives lower engine speed at cruising speed giving the car lower noise level and better fuel consumption.

On the other hand, Honda retains its 2.0-liter SOHC i-VTEC engine offering to the Philippine Market exclusively for the 5-seater variant.

The 2.0-liter SOHC i-VTEC engine produces a maximum output of 154PS at 6,500rpm and

Hino opens dealership in Cebu Hino Motors Philippines (HMP), the exclusive distributor of Hino trucks and buses in the Philippines, boosts its dealer network and strengthens its commitment as a reliable transport and business partner with its newlyopened dealership in one of the fastest growing cities in the Philippines – Cebu City.

Managed by Subic GS Auto Inc., Hino Service Center in City of Naga, Cebu is a fully-equipped spare parts and service dealership which can offer complete transport and logistics service solutions.

Strategically located along the Naga national road, the 5,600-square Hino/PAGE 10

peak torque of 189Nm at 4,300rpm and is mated to a new Continuously Variable Transmission (CVT) developed under Earth Dreams Technology for better fuel efficiency.

The all-new CR-V is offered in the following variants: • SX Diesel 9AT AWD (7-Seater) – Php 2,049,000 • S Diesel 9AT (7-Seater) – Php 1,759,000 • V Diesel 9AT (7-Seater)- Php 1,569,000 • 2.0S CVT (5-Seater) – Php 1,539,000

Delo will highlight latest innovation in diesel engine oil at transport and logistics show Chevron Philippines Inc. (CPI), marketer of Caltex brand of fuels and lubricants, will once again be at the Transport and Logistics Philippines.

The show is set to happen on August 17 to 19, 2017 at the SMX Convention Center Manila, Mall of Asia Complex.

Chevron Philippines Inc. will showcase its evolutionary diesel engine oil, the Caltex Delo 400 MGX, that is specially formulated with Chevron’s ISOSYN Technology that has a combination of premium-quality base oils and highperformance additives.

This innovation is

designed to meet consumers’ business needs with its high standard properties that ensure maximized engine durability with minimal cost, providing non-stop operations for heavy duty diesel engines.

“CPI will feature special products that promote cleaner air for the fleet and transport segment that meets the country’s strict emission standards. We are also highlighting Delo 400 MGX which is made to protect heavy duty engines from extreme engine operating conditions, making an efficient mileage while on the

road,” says James Patrick Abesamis, Marketing Programs Coordinator of Chevron Philippines

Inc. “We will also have an added feature showcase that presents CPI’s broadening range of

services for the industry as we join the Transport and Logistics Philippines Expo.”

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9

10

Exhibit... from page 4

teaching. I still worked as a cultural worker and research scholar. After I came back to Bohol, I also held another solo show at Qube Gallery in Cebu last March.

I re a l i z e t hat f ait h , hope and love are the wind beneath my wings and this is an exciting trek. I should not be tied up as an artist.

If I stagnate merely as a locally engaging innovator, that would be my fault and I cannot just blame the environment for it.

And one may ask: how can one move further in this really difficult profession that is not for everyone in the Philippine setting? In my case, being an artist is an uncertain journey, but what really makes one build a name is his oeuvres— whether the art market likes and buys them. In other words, the artworks and how the art market takes them determine one’s growth in this profession. Being in the profession for a long time is just part of the equation in appraising the value of one’s artwork. But the speculation of the art market is what makes or unmakes a career.

Let me be clear: art making is not the same as producing commodities. In fine arts, artistic standards-- mostly too lofty for ordinary viewers-are paramount. Even in getting the partnership with a gallery, an artist has to show the strength of his or her body of works to be accepted EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH WAIVER OF RIGHTS Notice is hereby given that the intestate estate of decedent Leo P. Polley, died intestate in Cagayan de Oro City, Philippines leaving that certain property consisting of a parcel of Land together with all improvements found thereon, situated in Kauswagan, Cagayan de Oro City consisting of ONE HUNDRED THIRTY NINE (139) SQUARE METERS, more or less, covered by Transfer Certificate of Title No. T-64573 of the Registry of Deeds of Cagayan de Oro City, Tax declaration No. 054663, Cad Lot No. 1352 C-4, Lot 8, Block 12, Pcs 10-000868; decedent LEO P. POLLEY is the subject of EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH WAIVER OF RIGHTS; is made and entered into among; SUSAN VALLAR POLLEY, SHANDON LEE V. POLLEY, SHENLEY V. POLLEY, all Filipinos, all of legal age, widow and single, respectively and residents of Block 12, Lot 8 NHA Phase 3, Kauswagan, Cagayan de Oro City, Philippines; NOW, THEREOF, for and in consideration of the foregoing premises, and invoking the provisions of Section 1 Rule 74 of the Rules of Court, the parties have agreed as they hereby so agree to divide, partition and adjudicate the estate between/ among themselves in pro indiviso equal shares, subject however, to contingent liabilities to creditors, heirs of other persons who might have been deprived of lawful participation in the estate of the decedent, for a period of two (2) years from and after the settlement and distribution thereof, in accordance with the provisions of Section 4, Rule 74 of the Rules of Court; Under Notary Public ATTY. JOEL DEXTER C. NAGTALON per Doc. No. 180; Page No. 36; Book No. XXIII; Series of 2017.

BWM: Aug. 7, 14 & 21, 2017

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Monday|august 14, 2017

and must present previous achievements, if any. While in commercial products, selling is the primary concern.

In f i n e a r t s , b e i n g i n d e m a n d w it h on e’s independent oeuvres, created not through the dictates of viewers, is the real game changer. One can present artworks in galleries after rigorous screening with curators, but if no one buys these artworks, an artist needs to evolve and grow as he struggles for sustenance.

Moreover, if an artist just create commissioned works, he cannot claim that he has a place among his peers: he must prove more by regularly exhibiting in galleries. It is easy for anyone to claim that he is an artist, but the art world also has a way of validating an artist’s existence.

The rationale in presenting my coming solo show is I want to determine how far I can go after evolving for 19 years. Regardless of the outcome, one exhibit can lead to another. And who knows galleries will represent me in the coming art fairs and biennales? The journey itself is rewarding; but of course, I must create a niche and not be content with just art for art’s sake.

For comments, email lucelllarawan@gmail.com.

Integration... from page 5

Polo Club.

He like wis e p ointed out that, “The mechanisms of an ASEAN Economic Community (AEC) are being put in place with a great sense of urgency. All of us in this region understand that cooperation within the framework of the ASEAN gives our countries the best projects for meaningful economic development.”

Dominguez said regional integration is ASEAN’s “path to the future” that will “bring out the best of each economy” and enable the people of its member-nations to feel “the fruits of [such] effort.”

Consultation... from page 6

wh ich new ta rgets w i l l evolve.”

Some issues raised during the consultation were the impact of RPS to consumers regarding electricity prices, the implication of RPS to e x i s t i ng p ower pl a nt s , social and environmental i mpre s sion of t he R PS and possible updates on the Competitive Selection Process (CSP) rules among

others.

Around 300 participants f rom representat ives of government agencies, NREB, i nter nat iona l f i na nc ia l institutions, distribution utilities and renewable energy stakeholders attended the Luzon consultation.

Hino... from page 8

meter dealership is wellpositioned to cater to the city’s trucking needs.

Hino Ser vice Center, which is located in the heart of Naga City, is a viable destination for business and investment opportunities as the area thrives in trading, commercial, and industrial activities. As Cebu City continues its momentum of sustainable economic growth, Hino Ser vice Center in City of Naga, is set to help further propel the business growth and improve the logistics and infrastructure landscape in the area.

“We are optimistic that Cebu’s continuous economic growth will drive the success of this new dealership. As we continue to live out Hino’s corporate mission of making the world a better place to live in, we do so by helping people and goods get where they need to go safely and economically.

Being a one-stop shop for all trucking and logistics needs, we always ensure the reliability, efficiency, and maximum performance of every truck and bus that we offer,” HMP President Mr. Hiroshi Aoki shared.

Subic GS Auto Inc. is a joint venture of Kilton Investment Holding Corporation and Gifu Hino Co., Inc. Subic GS Auto Inc. is the authorized dealer of (3) three Hino Dealerships in the Philippines – one located in Jose Abad Santos Manila, one in Paranaque, and this one in Cebu. Aside from these, the company still has another C ebub a s e d Hi n o s h ow ro om underway to complete the 3S (Sales, Service, Spare Parts) shop in the city.

HMP has been engaged in the assembly and exclusive distribution of quality Hino trucks and buses in the Philippines for more than 40 years. Known for providing safe, durable, and reliable trucks, HMP complements the transport needs of businesses ranging from small and medium enterprises to big corporations.

Republic of the Philippines Province of Misamis Oriental Municipality of Initao -o0oNOTICE TO THE PUBLIC CCE- 0025-2017 R.A 10172 CFN- 0002-2017

August 10, 2017

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 SUL INES O. MARIOT has filed with this Office, a petition for change of first name from “INES SULPICIA” to “SUL INES” and correction of entry in sex from “MALE” to “FEMALE” or correction of entry in the date of birth from “APRIL 19, 1965” to “APRIL 20, 1965” in the certificate of live birth of INES SULPICIA VEDRA OBUT at lnitao, Misamis Oriental and whose parents are LINO L. OBUT and ENCARNACION A. VEDRA. Any person adversely affected by said petition may file his written opposition with this Office not later than August 31, 2017.

(SGD.) ISAIAS A. JARALES

Municipal Civil Registrar BWM: August 14 & 21, 2017

Boost... from page 1

Engr. Freddie Mero, who is the manager of Development Bank of the Philippines- San Francisco Branch, told the participants, in his closing remarks, that a “successful business is measured by the owner’s income, the ability to employ other people, contribution to economic development, and creating wealth.

Bayugan City Mayor Lope A. Asis, in his welcome address, said that he hopes the participants will share to their respective communities what they will learn so they may also progress.

The first two of the 10 modules that the mentees have to complete in order to pass the course were d i s c u s s e d d u r i n g t h at launching day. Module 1Entrepreneurial Mindsetting and Values Formation was ably dis cuss ed by PCE mentor Armand Bengco while Module 2-Marketing was also comprehensively discussed by PCE mentor Victor Madlangbayan. In between the lectures, Sherwin Mylil Begyan, owner of the SMB Construction and Arturo A. Franco of the A&M Enterprises, both in the town of San Francisco, shared their humble beginnings as entrepreneurs. After the lectures came the cliniquing or mentoring of the participants.

There were 420 participants, 25 mentees, and nine local mentors during the KMMe launch in Bayugan City.

The KMMe is a component of the KAPATID Project which is an initiative of DTI and the Philippine Center for Entrepreneurship (PCE) to help the country’s micro, small, and medium enterprises (MSME). In Agusan del Sur, It was first launched in the municipality of San Francisco last May 3 and it produced 25 mentees. This second batch in Bayugan City is funded by the Provincial Government of Agusan del Sur through the effort of Gov. Adolph Edward G. Plaza and the Bayugan City local government.

E-Jeeps... from page 1

anymore renew the yearly franchises of operators plying dilapidated PUJs. “In other words, with the existing number of PUJs, that will also be the same volume plying in the streets once we get our new e-jeepney units,” Jamaca explained.

Commuters also need not worry about rising fares since e-jeepney operators will follow the fare rates of diesel-run utilities, according to Jamaca.

CAFITADA, which has evolved into an umbrella organization of local transport groups in Cagayan de Oro City which now includes jeepney associations under its wing, had frged an agreement with Australia-based Star 8 Green Technology Corporation to mass-produce e-jeepneys which will not use any fossil-

based fuel but are batteryoperated instead.

The e-jeepneys will be given to CAFITADA for free on condition that its exteriors will not be altered.

Multinational household brands are strategically labelled on the housing exterior – companies owning those brands pay advertising fees to Star 8 Green Technology Corporation, subsidizing the end users’ purchasing cost, in this case CAFITDADA. In return, CAFITADA will organize a fleet management cooperative to man those jeepneys and managed a profit fund to be equitably distributed to the coop, to the beneficiary operators and to the drivers/conductors.

In five years, the e-jeepneys will be turned over to individual operators.

The first delivery phase is slated in January 2018 with the Lapasan, Gusa and Pier routes rolling out simultaneously. All 500 units are expected to be delivered by the end of next year.

DOLE... from page 1

money in securing all they needed before they could work overseas or upon their return to their families.”

“It is in recognition of the sacrifices of our OFWs that we are gifting them with the convenience and ease in doing business with government,” he said.

He said they want to bring government services closer to the people in order to lessen the burden on Filipino workers in securing necessary documents for employment abroad.

He said the Duter te administration vowed to extend protection and ensure the welfare of the OFWs. “While there are Filipino workers and families sacrificing and contributing

to the national economy, the government will assist them and provide the best service so we can ever extend,” he said.

Overseas Workers Welfare Administration (OWWA) 11 director Eduardo Belindo said the one-stop shop provides complete services, from workers assistance, to advisories, and to the concerns of the OFWs and their families.

He said the OWWA also provides information to OFWs who want to access programs offered by the agency, including education, livelihood, reintegration program, social benefits and support services.

Among t he agencies present in OSSCO are the Philippine O verseas Employment Administration, OWWA, Nat iona l R einteg rat ion Center for OFWs, Depar tment of Foreign Affairs, Philippine Statistics Authority, Social Security System, Home Development Mutual Fund of PAG-IBIG, PhilHealth; Commission on Higher E d u c a t i o n , Te c h n i c a l Education and Skills Development Authority, Professional Regulation C o m m i s s i o n , Nat i o n a l Bureau of Investigation, Bureau of Immigration, Bureau of Internal Revenue, City Government of Davao and Philippine National Police.

The OSSCO is a government facility that houses frontline services to make them more accessible to Filipinos who are currently working or planning to work overseas.

Belindo said the facility will shorten the processing of documentary requirements of those who are planning to work abroad and reduce their expenses. (Antonio L. Colina IV/MindaNews)

11

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Lighting... from page 2

show our full support to the simultaneous Lantern Lighting Ceremony.

“ASEAN is one way in complementing our efforts to ensure that we could effectively combat maritime piracy, do something on environmental protection and preservation, promote peace and stability, tourism and as well as to ensure that there will be more investments, and more jobs,” Agabe said.

Further, he explained that ASEAN is also one organization where all people work together, coordinate and collaborate, to ensure that in times of disaster, there will be an immediate assistance coming from other member countries.

ASEAN in the next years The DILG Undersecretary for Local Government Austere A. Panadero graced the event saying, “This aggrupation will shape the future of our country relative to the nine other nations. Isa sa pakay nito is to promote stability in the region.”

The undersecretar y explained that through ASEAN, there will be a Free Trade Zone or the free flow of goods. Moreover, he elaborated that the human resources can also move around ASEAN countries.

“If the Filipinos can move anywhere and work in any of the nine countries, similarly, some of the people there can also work here among us…

This will definitely change the landscape of the way how we relate with each other, even with the rest of the ASEAN countries,” said Usec.

Panadero.

In addition, he recognized that in order to move forward faster and be more effective in promoting development, there is a need for chief executives to increasingly work with each other and learn from each other, as well.

“Let us all embrace the 50th year of ASEAN as we look forward to a more vibrant and prosperous ASEAN that would definitely be affecting all of us,” he underscored.

Together with the DILG 10 personnel, representatives from Northern Mindanao’s National Police Commission

(NAPOLCOM), Bureau of Jail Management and Penology (BJMP), Bureau of Fire Protection (BFP), Philippine National Police (PNP), and Philippine Public Safety College-Regional Training Center (PPSC-RTC) attended the activity.

Cable... from page 3

said, “On behalf of the Philippine Government, we congratulate Globe Telecom for further improving the state of Internet connectivity in the Philippines. The launching of this SEA-US cable system underscores the importance of integrating ICT in the improvement of government service delivery.

We look to this Globe and SEA-US project being of help to government in realizing its ICT roadmap.”

Salalima vowed that his department would continue to pursue initiatives thatl address concerns on affordability, access and speed of Internet. He reiterated that Filipinos have a right for an adequate telecommunications service in the country.

Meanwhile, Peter Ma q u e r a , S e n i o r Vi c e President for Globe Enterprise Group, said that the facility would benefit businesses that demand higher bandwidth and network strength at affordable rates.

“With the commercial operations, our customers can expect a more resilient network necessary for the continuity of their operations as well as greater route flexibility and better future support for bandwidthdep endent applications and ser vices consistent with the growing trend of companies shifting their business critical operations to digital,” according to him.

The 14,500-kilometer SEA-US international cable system uses the latest 100 gigabits per second (Gbps) transmission technology to deliver an additional 20 terabits per second capacity (Tb/s). Such additional capacity will cater to the e x p one nt i a l g row t h of bandwidth between the two continents.

The system was built by a consortium of 7 international telecommunications companies and links five areas

and territories that include Manado (Indonesia), Davao (Philippines), Piti (Guam), Oahu (Hawaii, United States), and Los Angeles (California, United States).

Aside from forming part of the SEA-US consortium, Globe is also a member of an international consortium of telecommunications and t e c h n o l o g y c o mp a n i e s operating the Southeast AsiaJapan Cable (SJC) system.

SJC is an 8,900-kilometer cable system linking seven territories that include Brunei, mainland China, Hong Kong, Japan, Singapore, and the Philippines, including the option to link with Thailand.

The cable infrastructure is currently being upgraded to bring an increase of 6.5 Tb/s capacity with state of the art 100G technology.

Globe Telecom has also made investments in the East Asia Cable system (EAC), Asia Pacific Cable Network-2 ( A P C N 2 ) , Tat a G l ob a l Network–Intra Asia cable system (TGN-IA), the City to City cable system (C2C), and is interconnected with major Trans-Pacific Cable systems that encompass the Unity, Tata Global NetworkPacific, (TGN-P) and the Japan-US Cable Network (J-US). (PNA)

Pilmico...

from page 3 is subject to price adjustments on the basis of a closing audit review. AEV said the closing of the transaction is also dependent on conditions including the execution of a stockholders’ agreement and the delivery by the sellers of the corresponding amended investment certificates and other corporate documents, letters, deeds and instruments, which are to be submitted to the relevant government authorities of Vietnam.

AEV said the deal would allow the company to “expand its animal feeds business in Vietnam.”

Pilmico International is one of the three AEV food subsidiaries. The other two are Pilmico Foods Corp. and Pilmico Animal Nutrition Corp. Their total earnings and income contribution grew 1% last year to P1.7 billion.

In Vietnam, the group’s feeds and farms reported a decrease in income contribution last year mainly because of lower prevailing selling prices.

Last week, AEV reported a 19% drop in the income contribution of the food subsidiaries to P717 million from P885 million.

In contrast to the decline in the Philippines, the feeds and farms business in Vietnam showed “remarkable improvements in net income.”

Feeds’ income more than doubled to P57 million from P24 million, driven by a 6% volume growth. AEV said the improvement was “a result of its expansion in new markets: export and commercial, and better margins.”

ageing Chair man Joma Sison to be man enough by returning home and face him off squarely.

There never was a leader of this country who openly cursed the US and the EU of influence-meddling in the internal affairs of the state vis-à-vis the reported EJKs and human rights violations.

There never has been a President to lock horns with the left-inspired street honkers by joining them in a rally outside the halls of Congress.

There could be more in the Duterte’s list. But for now, let’s cross our fingers tight. We are in for more exciting days ahead of us, baby! (ruffy44_ph2000@ yahoo.com)

from page 4

from page 4

Grit...

model in the eyes of the ordinary Filipino.

And yes, majority of the people admire President Duterte, not because of his incorruptibility and sympathy for the masses, but because of doing the extra mile -- bravery in governance.

There has never been a President who took time out to be with weary troops fighting in Marawi – twice in a row.

There never was a President who traded guts and fury with the communist insurgents, calling their

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 19 Cagayan de Oro City SHERIFF’S NOTICE OF AUCTION SALE EJF File Number 2017-269

Hurst... from page 4

ask Him to take full charge of your thinking and way of living every day. Jesus is the One Who can help you bring out all the fun and happiness He put inside you—no matter what problems or pain you’re facing. That’s the way you can live every day with a natural high. Just Think a Minute…

Light...

How do you enforce the The Hague court’s decision against a powerful nation

which threatened war (in President Duterte’s own words) in case we pursue our claim. Even the toughtalking President appeared, at least momentarily, to have backed down.

How about it? Daanin na lang natin kaya sa baskeball.

Winner take all.

Most sought-after police chief “Dirty”Jovie Espenido is reportedly the most soughtafter (or “wanted”, depending on one’s point view) police chief nowadays.

After the Espinosa and Parojinog episodes, I have monitored news broadcasts where folks - especially in places where drug cases are rampant - are reportedly a s k i n g f o r E s p e n i d o’s assignment.

But Espenido has already made known his first choice for his next assignment. He wants to be re-assigned to Iloilo City.

Interviewed by ANC’s Karen Davila, Espenido bared his plans for Iloilo City. “Kausapin ko muna siya (referring to the city mayor)”. Then, he will take it up from there.

Abangan….

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Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 20 Cagayan de Oro City NATIONAL HOME MORTGAGE EJF FILE NO. 2017-256 FINANCE CORPORATION,

Petitioner/ Mortgagee, - versus EDWIN CERVANTES MONTELLANO

Respondent/ Mortgagor.

X- - - - - - - - - - - - - - - - - - - - - - - - - - - / OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL FORECLOSURE EJF-FILE NO. 2017-256

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12TH Judicial Region BRANCH 07 Tubod, Lanao del Norte

UPON EXTRA-JUDICIAL PETITION FOR SALE under Act 3135 as amended, filed by NATIONAL HOME MORTGAGE FINANCE CORPORATION (NHMFC), with postal address at 104 Amorsolo St., Legaspi Village, Makati City, (mortgagee), against EDWARD ROY BASTASA CALO, (mortgagor), with address Block 1, Lot 42, Villa Nena Subdivision, Balulang, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of January 31, 2017, amounts to Nine Hundred Fifty Five Thousand Three Hundred Eighty Nine & 4/100 (Php 955,389.04), Philippine Currency, inclusive of interest and penalty charges, excluding other necessary fees and expenses of extra-judicial foreclosure and sale, the undersigned Sheriff or his deputies will sell at public auction on September 26, 2017, at 10:00 o’clock in the morning or soon thereafter, at the City Tourism Hall, City Hall Compound, City Hall, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the real property described herein-below, with all its improvements found thereon, viz:

IN THE PETITION FOR COMMISSION Pet. for Not. Com No. 043-07-2017 AS NOTARY PUBLIC

Upon extra-judicial petition for sale under Act No. 3135 as amended

by Act No. 4118, filed by NATIONAL HOME MORTGAGE FINANCE CORPORATION (NHMFC), a government owned and controlled corporation created under P.D. No. 1267, with postal address at 104 Amorsolo St., Legaspi Village, Makati City, against EDWIN CERVNATES MONTELLANO, single, of legal age, Filipino, and residents of Blk. 2 Lot 2- - Melecia Homes Subd., Upper Macasandig, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of March 31, 2017, amounted to ONE MILLION NINETY NINE THOUSAND NINE HUNDRED EIGHTY TWO & 79/100 PESOS (Php1,099,952.79), Philippine Currency, exclusive of interest and penalty charges, attorney’s fees and expenses of foreclosure, the undersigned or duly authorized deputy will sell at Public Auction on October 9, 2017, at 10:00 a.m. or soon thereafter at the main entrance of the Tourism Hall Building, at City Hall of Cagayan de Oro City to the highest bidder, for CASH or Manager’s Check in Philippine Currency, the following property/ies described below with all the improvements included thereon, to wit :

“TRANSFER CERTIFICATE OF TITLE NO. T-62960” (Registered in the name of Edward Roy Bastasa Calo)

TRANSFER CERTIFICATE OF TITLE NO. T-78817

ATTY. GLENICE JOY D. JORNALES,

Petitioner.

X---------------------------/ NOTICE OF HEARING NOTICE is hereby given that a summary hearing on the petition for notarial commission of Atty. Glenice Joy D. Jornales shall be on AUGUST 25, 2017 at 8:30 in the morning at RTC, Branch 07, Tubod, Lanao del Norte. Any person who has any cause or reason to object to the grant of the petition may file a verified written opposition thereto, received by the undersigned before the date of the summary hearing.

Done this 24th day of July, 2017 at Tubod, Lanao del Norte.

A PARCEL OF LAND (Lot 42, Block 1 Psd 10-014703, being a portion of Lot 3046-B-1-B-4-B, Psd-10-004367) situated in the Barrio of Balulang, City of Cagayan de Oro, Island of Mindanao. Xxx, containing an area of One Hundred Twenty (120) square meters., more or less.”

Prospective buyers/bidders may investigate for themselves the Title of the property above-mentioned and all encumbrances thereon, if any there be.

In the event that said auction sale on September 26, 2017 will be declared holiday or non-working day, the same will continue on the next working day without need of further notice, publication and posting.

Cagayan de Oro City, August 3, 2017.

“A PARCEL OF LAND with all IMPROVEMENTS THEREON. (Lot 2, Blk. 6, Pcs-104305-001038, being a portion of Lot 2822-C-9, Lot 2822-C-1o, Psd- 10-15002, Lot 2822 -D (LRC- Psd- 184434), situated in the Barrio of Macasandig, City of Cagayan de Oro., Island of Mindanao. Containing an area of ONE HUNDRED THIRTY (130) sq. m. more or less Registered in the name of EDWIN C. MONTELLANO. All sealed bids must be submitted to the undersigned on the abovestated time and date. In the event Auction Sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication.

Prospective Buyers may investigate for themselves the title herein above-describe encumbrances thereon, if any there be.

Done this 1st day August 2017, at Cagayan de Oro City, Philippines.

FOR THE EX- OFFICIO PROVINCIAL SHERIFF:

BWM: July 31, Aug. 7 & 14, 2017

(Sgd.) DENNIS P. VICOY Acting Presiding Judge

(SGD.) CELESTIAL VENUS G. GELBOLINGO Sheriff IV

(SGD.) RAUL L. SALCEDA

Sheriff IV

BWM: Aug. 14, 21 & 28, 2017

BWM: Aug. 14, 21 & 28, 2017

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Monday|august 14, 2017