BusinessWeek Mindanao (August 16-17, 2016)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 030

Market Indicators

As of 6:21 pm august 16, 2016 (tuesday)

FOREX

PHISIX

US$1 = P46.312

7,983.38

X Briefly

22.3

23.21

cents

points

X

Eco devt summit DAVAO City -- The Office of the President will host the two-day Social and Economic Development Summit on August 17 and 18 at the SMX Davao Convention Center aimed at crafting the social development plan of the six-year administration of President Rodrigo Duterte. Deputy Cabinet Secretary Peter Laviña said the summit will be attended by representatives from 14 sectors identified in the law creating the National AntiPoverty Commission (NPAC); the youth sector, senior citizens, fisherfolk, persons with disabilities, Indigenous Peoples, victims of disasters, farmers, among others. Laviña said that among the 14 sectors, the fisherfolk is considered most marginalized, having witnessed how they tried to earn a living and sending their children to school; the IPs who are victims of the crossfire in armed conflicts and militarization; and, those in the formal sector who are vulnerable to displacement and involvement in crimes.

Safe haven THE Philippines is a “rare safe haven” for investors, Finance Secretary Carlos G. Dominguez III said, adding that Mindanao, as the focus of the new government’s economic strategy, will be particularly attractive for businesses. The Finance chief said strong macroeconomic fundamentals and steady growth are assured during President Rodrigo R. Duterte’s six years in office as he called for more investment in the Philippines. “This is the best time to do business in our country. Interest rates are low. The growth trajectory is nearly certain. Government policies are most supportive. Investments in infra and property will create demand for jobs and, down the line, more robust consumer demand,” Mr. Dominguez said in a speech at a banking event in Davao City, his and the President’s hometown.

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Railway system seen to hasten M’nao devt www.businessweekmindanao.com

By MARK FRANCISCO Staff Writer

Four nabbed for illegal sale of petroleum products

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ENATE President Aquilino “Koko” Pimentel III has stressed the need for a Mindanao Railways Corporation (MRC) to hasten the development of the entire island. In filing Senate Bill 112 to create the MRC, Pimentel said the collective experience of Japan, Canada, the United States and most of Europe shows how railroad networks have spurred and sped up the national development. “In these nations, railroads opened up vast land areas for human settlement and made it possible to transport tremendous number of people and huge volume of goods at the lowest cost,” Pimentel said. He said the influx of people into areas previously unsettled, the easy mobility of the populace, and the availability of goods and railway/PAGE 15

P15.00

Tue-Wed | August 16-17, 2016

IMPORTED VEGGIES. A huge red cabbage, onion leak and green bell pepper imported from Thailand are being sold in various supermarkets in the city. photo by gerry lee gorit

DTI launches shared service facility By MIKE BAÑOS, Editor-at-Large

A SHARED service facility that will help people transform their ideas into reality is set to be

FOUR people suspected of selling petroleum products illegally were arrested and 304 liters of petroleum worth P12,000 were seized from them, as authorities began to round up the illegally sold fuel in Bukidnon province, a police report said Tuesday. Police arrested Tinoy Buyco, Niño Alsonado, Vi r g i n i a D o m i n g a n d Diosdado Payao, all of San Fernando town in Bukidnon, and confiscated 20 gallons of p et roleum pro duc ts from each of them, police investigator Nestor K. Aniñon said. The four were brought to the municipal police petroleum/PAGE 15

launched today, August 27, at the Mindanao State UniversityIligan Institute of Technology (MSU-IIT) in Iligan City. service/PAGE 15

‘GREEN’ GROUP WARNS ‘CARBON MAJORS’:

‘Ignore CHR’s summons; face int’l backlash’ By BONG D. FABE, Contributing Editor

(Last of Three Parts) Businesses’ Responsibility THE Philippines is among nations most vulnerable to the impacts of climate change. In November 2013, it was hit by

Typhoon Haiyan, one of the world’s most powerful storms, which killed thousands and left more than a million homeless in the Visayas region, particularly

in Tacloban City and other parts of Leyte island. The Intergovernmental Panel on Climate Change (IPCC), in its 5th Assessment Report, unequivocally said that climate change is real and is primarily warns/PAGE 13

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Economy ARMM, national gov’t team up in fight vs poverty

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ARAWI City -The Autonomous Region in Muslim Mindanao (ARMM) and several national government agencies will jointly implement anti-poverty programs in the region starting this month.

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In a recent cabinet meeting, President Rodrigo Duterte instructed the national office of the Technical Education and Skills Development Authority (TESDA) to lead the implementation of the anti-poverty programs in the ARMM and other conflict-

affected areas found in Regions 9, 10 and 12. Officials from the ARMM and the TESDA held a consultative and action planning meeting on August 11 in Cotabato City to discuss the initial details of the programs and projects

PH agri-food sector to cultivate deeper ties with China partners THE Philippine agri-food i ndu st r y h a s s i g n i f i e d it intends to cont inue strengthening trade activities with partners in China and its territories as the sector still sees strong potentials for commerce despite the controversy over the recent sea dispute ruling. Rober to C. Amores, president of the Philippine

Food Processors and Exporters Organization, Inc., food trustee of the Philippine Exporters Confederation, Inc. (PHILEXPORT), and chairman of the Agriculture Committee of the Philippine Chamber of Commerce and Industry (PCCI), expressed optimism that business re l at i o n s b e t w e e n t h e Philippines and China will

soon get past the political bump arising from the case, considering the two countries’ long-established trade association. The Permanent Court of Arbitration in The Hague on July 12 ruled in favor of the Philippines over conflicting claims with China regarding overlapping portions of cultivate/PAGE 13

RPN Radyo Ronda Stations Nationwide

CNN Philippines Stations Nationwide CNN Philippines TV-9 Manila CNN Philippines TV-12 Baguio CNN Philippines TV-12 Dagupan CNN Philippines TV-26 Tarlac CNN Philippines TV-10 Iriga CNN Philippines TV-4 Iloilo

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

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

that will be implemented. R o s a n n a Ur d a n e t a , TESDA national deputy director for policies and planning, said President Duterte wants “to bring the programs and services of the national government to the ARMM and other conflictaffected areas.” “The president would really want to focus on poverty reduction programs in the ARMM and other conflict-affected areas,” she added. The s o cio-e conomic agend a of t he D uter te administration focuses on

the eradication of hunger, establishment of potable water systems, provision of shelter, free college education and technical and vocational skills training, free access to health facilities, energy in the barangays, support to agricultural development, and j ob ge ne r at i on to combat unemployment and underemployment. The initial plan is a product of the meetings of the national cabinet last week, and will be implemented from 2016-2019. Based on the latest data from the Philippine Statistics

Authority, the ARMM is the poorest region in the country with a poverty incidence of 53.4 percent. Lanao del Sur and Maguindanao, two of the five provinces that make up the region, are considered to be the poorest and second poorest province with 70.2 percent and 50.4 percent poverty incidence, respectively. Aside from the TESDA, the ARMM will also be working with the National Economic and Development Authority, D e p ar t me nt s of S o ci a l Welfare and Development, poverty/PAGE 15

CCSP 2016 TOPNOTCHER JOLIENA N.BAYAGNA LOOKS BACK AT GUSA NHS – FS CATANICO ANNEX WITH GRATITUDE NORMA B. DELIMA

It is not happy people who are thankful. It is thankful people who are happy. -google Joliena Neri Bayagna, 20142015 Salutatorian of Gusa National High School – FS Catanico Annex, surprisingly visited said school on August 11, 2016 to deliver a simple token of appreciation to the school headed by Norma B. Delima, PhD, her mentor during the conduct of the School Initiated Review for the City College Scholarship Program 2016 Examination. Their target was only to pass the said qualifying exam in Summer 2016 at City Central School, but thank God, Joliena was able to obtain the highest score of 144 out of 200 item test, way above the score from the rest of seventy-six (76) other takers from different public secondary schools in the city including MOGCHS. Joliena said, as she received

her first allowance/stipend, she immediately thought of going back to her Alma Mater to show gratitude. Being the lone taker of CCSP from FS Catanico, Joliena, third in the family of five, daughter of Liza and Jonito Bayagna, gladly said that making it to the top is a real achievement. This proves that success comes to those who strive for excellence, regardless of school preference. She also acknowledged all her inspiring teachers. Now, she is enrolled as Iskolar ng Bayan at Capitol University, taking up Special Education. Gusa NHS – FS Catanico Annex would also like to thank PB Elpedio Neri, Sr, for the support, especially to SEPS Dr. Janry Colonia and SDS Elena M. Borcillo, CESO V,

and most of all to CDO City Mayor Oscar S. Moreno, for continuing with the program, despite the implementation of Senior High School in the K-12 Basic Education Curriculum. Thank you so much. To God be all the glory and God bless FS Catanico!

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

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Opinion

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Born on a Sunday

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

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NELSON CONSTANTINO Editor-in-Chief

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Being Thankful Think a minute…During World War II, churches stayed open 24 hours a day so people could come to pray for their country and family members out on the battlefield. A caretaker in one of these churches noticed a boy who came to pray about 10 minutes every day. One day after several weeks, the boy came and stayed to pray even longer. The caretaker asked him why he was praying longer this time. The boy answered: “Each day I came to ask God to bring my father home safely. This morning my dad came home, so I hurried here to thank God.” Have you developed the habit of being thankful every day, no matter how things are going? Always remember, there are many people with worse problems than yours. My friend’s son, Joshua, was born with a serious heart disease. Joshua has had several heart surgeries. He’s not been able to play sports because of his heart condition. But Joshua’s grandmother always taught him to be thankful. On days when Joshua was so sick he could not go to school, his grandmother told him: “Josh, just be thankful that you’re home and not in the hospital.” Recently Joshua had another heart surgery, but

THINK

A Minute

Jhan Tiafau Hurst this time the strong medicine made him so sick he almost died. Joshua’s grandmother telephoned him in the hospital to very kindly and gently say: “Josh, I love you and I’m praying for you. Be thankful you’re not in a coma.” You know that grandmother is right? No matter how bad our problems are, they could always be much worse. When’s the last time you counted all the good things you have: whether it’s your family, friends, food to eat, clothes to wear, a roof over your head? Things that millions of people in the world do not have. Usually, it’s only after we’ve gone through problems that we learn some of our most important lessons in life. There’s a song that says: “If I’d never had a problem, I’d hurst/PAGE 15

I observed it during my last trips to Manila. If the sky is dark and it pours cats and dogs, I tr y my very best to beat the blues. The taxi drivers tried to make detours, the flights are delayed or cancelled due bad weather conditions - yes, it seems the whole world is against us! I am pretty sure, each one of us experienced such similar times. I was born on a Sunday a so-called “Sunday Child”. There are sayings that those people will live a life of great success without problems, worries, and trials. Excuse me, but those sayings are nonsense. I remember very difficult, problematic and questionable times in my life. A cheating taxi driver or cancelled flight have been just peanuts if I compare. In those difficult times I almost lost all my strength to get down to work on all problems. Life’s path became narrow. Fears grew: it’s enough. Really

enough! I started becoming a w k w a r d a n d j e r k y. I struggled against almost everybody around me. I was reluctant against other’s good ideas. I felt driven into a corner. People with indif ference, arrogance and unqualified comments passed my way. Yes, also here in the Philippines... . Suddenly everything can b ecome a problem and our voices bellow and our groans are getting louder and louder too. B u t h e y, I l e a r n e d s omet hing . Admitte d ly groans can lig hten our burden! For even a short moment only, I did feel how my inner life - and inside pressure eased off. A short moment only... Suddenly more trials and problems overwhelmed us and our families and friends: illnesses, death, bankruptcy, “war at the working place”, efforts giving us a bad name, destroying the reputation, intrigues... .

“How much longer will you forget me, Lord?” We don’t groan anymore, we s h out a l re a d y t o G o d . But do you know, what I experience? There was a time, God put me back into “life’s re-conversion plant” and freshened me up. Little but meaningful and important cares suddenly happened. After a hot day and refreshing thunderstorm one could enjoy the following night with a very good rest. The person, who insulted us, apologized suddenly. The illness wiped out! “You prepare a banquet for me, where all my enemies can see me”, (Psalm 23:5). Really? Amazing! We don’t know about more and new spitefulness through my next “enemy on duty” in future. Actually I also don’t want to know it, because negativism blocks life and its future plans. But I know Psalm 23. I read it, every time, if I am having a problem. Not if I

H ave M y Say

Klaus Doring

meet again a detouring taxi or, if my flight is delayed.... . Ps a l m 2 3 shou l d b e printed in each and every on e’s h e a r t , m i n d a n d s oul. Psalm 23 was my confirmation saying... . +++ You can email me, if you w ish: doringklaus@ gmail.com, or follow me in Facebook or Twitter or visit one of my websites www. germanexpatinthephilippines.blogspot.com or www. klausdoringsclassicalmusic. blogspot.com .

Give full tithe, receive financial abundance LIFE’S INSPIRATIONS: “… `the truth shall make you free’…” (Jesus Christ, our God and Savior, in John 8:32, the Holy Bible). -ooo GIVE FULL TITHE, RECEIVE FINANCIAL ABUNDANCE: For those who believe in the Bible, one of the surest ways to enable them to experience financial blessings and abundance is their delivery of one-tenth (1/10) of all that they earn or produce to their respective churches. This is called “tithing”, and anyone who does it is actually accepting the challenge made by God in Malachi 3:10: “…`Test me in this,’ says the Lord Almighty, `and see if I will not throw open the floodgates of heaven and pour out so much blessings that you will not have room enough for it’…” In fact, not giving tithes (or 1/10 of whatever we earn or produce) to our churches is

considered by God as turning away from Him (Malachi 3:7) and stealing from or robbing Him (Malachi 3:8), which puts our whole nation under a curse (Malachi 3:9). It is only by bringing the whole tithe---the whole 1/10 or 10 percent of all that we earn and produce---to the churches that a people will be blessed by God once again, with all the nations calling them blessed because their land will be a delightful land (Malachi 3:12). -ooo GOD’S CURSES COME TO THOSE WHO PERVERT JUSTICE: Here are some nuggets of Biblical wisdom on the issue of justice: Amos 5:15: “… maintain justice in the courts…” Exodus 23:6: “Do not deny justice to your poor people in their lawsuits.” Leviticus 19:15: “Do not pervert justice; do not show partiality to the poor or favoritism to the great, but judge your neighbor fairly.”

Deuteronomy 16:19: “Do not pervert justice or show partiality. Do not accept a bribe, for a bribe blinds the eyes of the wise and twists the words of the righteous. Deuteronomy 16:20: “Follow justice and justice alone, so that you may live and possess the land the LORD your God is giving you…” Psalm 103:6: “The LORD works righteousness and justice for all the oppressed.” Psalm 106:3: “Blessed are they who maintain justice, who constantly do what is right.” Psalm 112:5: “Good will come to him who is generous and lends freely, who conducts his affairs with justice. Psalm 140:12: “I know that the LORD secures justice for the poor and upholds the cause of the needy.” Proverbs 17:23: “A wicked man accepts a bribe in secret to pervert the course of justice.” Proverbs 18:5: “It is not good to be partial to the wicked or to deprive the innocent of justice…”

K akampi

Mo A ng Batas

Atty. Batas Mauricio -ooo PLEASE WATCH OR LISTEN: “Tambalang Batas at Somintac”, a news-commentary radio program, aired at DZEC 1062 kHz and other Radyo Agila provincial stations, and is aired live (and which can be subsequently accessed) at www. facebook.com/radyoagila, and at www.youtube.com, 6 to 7 in the morning, Philippine time. Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo. com.

Our Lady’s Assumption and our body With the celebration of the feast of the Assumption of Our Lady (August 15), we somehow are reminded of the role of our body in our life in so far as our eternal destination in heaven is concerned. Yes, our body is also meant for heaven, for glorification by sharing the glory of Mary who was assumed to heaven body and soul as the first fruit of Christ’s redemptive work through his passion, death, resurrection and ascension into heaven. It’s a truth of faith that should not be lost in the overload of info and data that we have today. In fact, it’s a truth that we should be most interested in, since it is an eternal truth, and not

just a passing one. It’s a truth whose implications as to our duties and responsibilities toward our body here on earth should belived as faithfully as possible. We need to realize more deeply the importance of the body in our life. Our Catechism teaches that: “The human person, created in the image of God, is a being at once corporeal and spiritual…The human body shares in the dignity of the ‘image of God’… “ Through his ver y bodily condition he sums up in himself the elements of the material world… He is obliged to regard his body as good and to hold it in honor since God has created it and will raise it up on the

last day.” (CCC 362 ff.) Our attitude toward the body and the material world, I am afraid, has suffered a dangerous mutation, a radical reversal of God’s designs for them. We seem to be falling into two extremes. One is to consider the body as completely evil, as when the distinction between the body and the soul becomes exaggerated that they by nature become hostile to each other. This mindset is prevalent among those who may be regarded as ‘too spiritual’ in their life. T h e ot h e r e x t re m e , the more common one, is to consider the body as completely good, with no more need for spiritual animation and direction.

HINTS

and

Traces

Fr. Roy Cimagala This is the case of a variety of people-the hedonists, the naturalists, etc. We need to understand that our body is organically linked to our spiritual and supernatural character of our life. While distinct, it cimagala/PAGE 15

5 Alsons income plunges in first semester A Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

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LSONS Consolidated Resources, Inc.’s net income attributable to equity holders of the parent company plunged 76% in the first half, dragged by higher expenses.

CorporateWorld

In a regulatory filing, the Alcantara-led holding company said its attributable net income stood at P52.08 million in the January to June period, compared with last year’s P218.98 million.

Filinvest sees 37% rise in earnings FILINVEST Development Corp. (FDC) booked 37% more e ar n i ng s for t he s e cond qu ar ter l argely from the banking and real estate businesses, with its venture into the power sector expected to further drive results moving forward. In a quarterly report to the Philippine Stock Exchange, the holding firm of the Gotianun family chalked a net income of P2.19 billion for the three months to June. This compares with the P1.6 billion recorded a year earlier. Net income attributable to the parent stood at P1.52 billion or 43% above the P1.06 billion posted for the comparable 2015 period. FDC cited a 23% increase in revenues coming from its subsidiaries and other income sources to P14.75 billion from P12.01 billion. This pushed the conglomerate’s year-todate topline 17% to P28.97 billion from 24.83 billion. For the first six months, FDC netted P4.40 billion or 28% over the P3.43 billion posted a year earlier.

The established businesses continued to deliver bulk of the total revenues, with banking unit accounting for 40% and real estate operation for 38% during the semester. The remainder was divided among the power (11%), sugar (9%) and hotel (2%) segments. E a s t We s t B a n k i n g Corp. booked a first-half net income of P1.56 billion, a 55% year-on-year surge from P1.0 billion. The bank’s core recurring income base continued to grow by double digits following its expansion. “We are starting to see the early fruits of our investments growing the branch store network,” FDC Chairman Jonathan T. Gotianun said in a separate statement issued on Monday. For the January to June period, revenues from the real estate business rose 11.9% to P10.95 billion from P9.79 billion. The net income of Filinvest Alabang, Inc. (FAI) soared 81.2% to P710.1 million from P391.9 million, filinvest/PAGE 13

CEB Group records P8-B net income for 1H 2016 THE Philippines’ leading airline Cebu Pacific and its wholly owned subsidiary Cebgo, generated a net income of P8 billion from Januar y to June 2016, a substantial increase from the P5 billion earned in the same period last year. The Cebu Pacific Air group’s 1H 2016 revenues surged to P33 billion, a growth of 12% year-on-year. Passenger revenues climbed by 11% to P25 billion, after CEB carried over 10 million passengers for the first half of 2016.Cargo revenues also went up by 6% to P2 billion. Likewise, ancillar y revenues soared by 20% to P6 billion as a result of the 9% growth in passenger traffic and 10% increase in average ancillary revenue per passenger. Improved online bookings, together w it h a w ider range of ancillary revenue products and services, contributed to the increase, the airline said in a statement. “Our strong operating and financial performance attest to the ever growing number of air travelers and communities we serve, via approximately 2,400 weekly flights out of CEB’s six strategic hubs nationwide. We are optimistic that with the support of

relevant government and airport authorities, we can continue contributing to the progression of air transport services in the country,” said Atty. JR Mantaring, CEB Vice President for Corporate Affairs. CEB recently announced three new domestic routes out of Cebu, to cater to the increasing inter-island travel demand in the Visayas region. Beginning November 19, 2016, the airline will be operating daily flights between Cebu and Ormoc (Leyte) and Cebu and Roxas (Capiz); and four times weekly flights between Cebu and Calbayog (Samar). The airline will also be operating direct, daily flights between Kalibo and Incheon, S out h Kore a , e f fe c t ive October 1, 2016. CEB now offers flights to an extensive network of over 100 routes on 36 domestic and 30 international destinations, spanning Asia, Australia, the Middle East, and USA. It s 5 7 - s t r o n g f l e e t comprises seven Airbus A319, 36 Airbus A320, six Airbus A330, and eight ATR 72-500 aircraft. Between 2016 and 2021, CEB expects delivery of 32 Airbus A321neo, two Airbus A330, and 16 ATR 72-600 aircraft orders.

For the second quarter, Alsons posted an attributable net loss of P36.33 million, from an income of P107.92 million a year ago. The drop in first-half income comes as the company registered higher costs and expenses, including onetime charges that resulted in a significant increase in general and administrative costs. Including its noncontrolling interests, Alsons posted a net income of P156.74 million, down 68% from P484.04 million in the first six months last year.

Revenues during the semester rose by 28% to P3.2 billion f rom P2.5 billion, which the company attributed mainly to the start of commercial operations of Sarangani Energy Corp. on April 29, 2016. The subsidiary contributed P935 million revenues, Alsons said in its review of the period’s financial performance. “Cost of goods sold and services was also higher in 2016 due mainly to the passon fuel cost of the diesel plants,” the company said, adding that Sarangani Energy contributed P730 million

in direct costs during the period. “As a result gross profit [is] significantly lower this year at P724 million from P973 million in 2015 and gross profit rate [is down] from 39% to 23%,” it added. “Due to the one-time expenses incurred this year, general and administrative expenses increased significantly,” the company said of the 29% increase to P262.86 million from P203.23 million. The company pointed to the corporate reorganization of its plants as the reason for

the increase in one-off costs. Net f inance charges reached P220.72 million, up nearly three times from P81.86 million last year, which Alsons attributed to the interest incurred on the project loan related to the construction of the first unit of the Sarangani Energy plant. The company also recorded other income of P11.21 million against a loss of P27.91 million incurred in 2015 due to the one-time loss resulting from the disposal of a portion of an undeveloped property of subsidiary Alsons Land Corp.

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wednesday|august 17, 2016

SM Lanang Premier features Davao’s must-try gourmet food with South by Mouth

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he first-ever region-wide food festival is set to make rounds at SM malls in Mindanao from August to September 2016. Dubbed South by Mouth, it is happening at SM Lanang Premier on August 19 to 21, from 4pm to 10pm, in time for the city’s most colorful festival – the Kadayawan. With the growing interest on Mindanao in the recent months, South by Mouth aims to promote the region’s

unique food culture through outdoor food fairs in three key cities: Davao, Cagayan de Oro, and General Santos. In Davao, South by Mouth Kadayawan Food Fair makes a stop at SM Lanang Premier through the highly anticipated “Davao Gourmet Collective (DGC)” at the mall’s Fountain Court grounds. The DGC features some of the best local eats and emerging food concepts from a mix of 18 local and Manila-based

purveyors – Backyard Burgers, B. Wings, Café El Gato, Jam Foods & Co., Cucina Ilocana, Alibaba Shawarma, Kakimkris Lechon, Stellina’s Lemonade, Kai Artisan Chocolates, Sugarcane Bar, Crocodile Ice Cream, Mamboss Café, JR Pastry, The Griddle Burgers & Sandwiches, Bangkok Wok, Sea Green Café and Lifestyle Shop, Soul Kitchen, and The Fatboy’s Kitchen. Now on its fourth year, the DGC offers a gastronomic feast like

no other. Festival-goers can enjoy delightful offerings such as whisky maple bbq ribs, Angus tapas, adobong puti, authentic pad thai, spicy chicken B.wings, and creamy smoked salmon linguini, among many others. Perfect for snacking are fresh salad wraps, homemade bacon sandwich, Ilocos empanada, shawarma, and Japanese Oishi burger while cranberry almond chocolates, crocodile coffee ice cream, and brown butter financiers

are mouthwatering dessert options. Officially opening on August 19, 4pm, South by Mouth Kadayawan Food Fair DGC is held in partnership with M Magazine, Air Asia, Solar Entertainment Corporation, ETC Channel, 2nd Avenue, and Davies. This event comes after the South by Mouth kickoff at SM City Davao’s “Grillfest” on August 12 to 14. South by Mouth then goes to SM City Cagayan de Oro with the

“Uptown Eats CDO” and concludes at SM City General Santos with the “Tuna Festival Grillfest” on September 2 to 4. Festival-goers can also revel in live DJ music at the Castaway Kadayawan Vibe Fest and ETC Paintensity events happening at the Fountain Court grounds on August 19 and 20. For queries and event updates, visit SM Lanang Premier’s official account on Facebook, Twitter and Instagram or search for #SxMFoodFestival.

CEB Group records P8-billion net income for 1H 2016 The Philippines’ leading airline, Cebu Pacific (PSE: CEB), and its wholly owned subsidiary Cebgo, generated a net income of P8 billion from January to June 2016, a substantial increase from the P5 billion earned in the same period last year. The Cebu Pacific Air group’s 1H 2016 revenues surged to P33 billion, a growth of 12% year-on-year. Passenger revenues climbed by 11% to P25 billion, after CEB carried over 10 million passengers for the first half of 2016. Cargo revenues also went up by 6% to P2 billion. Likewise, ancillary revenues soared by 20% to P6 billion consequent to the 9% growth in passenger traffic and 10% increase in

average ancillary revenue per passenger. Improved online bookings, together with a wider range of ancillary revenue products and services, contributed to the increase. “Our strong operating and financial performance attest to the ever growing number of air travelers and communities we serve, via approximately 2,400 weekly flights out of CEB’s six strategic hubs nationwide. We are optimistic that with the support of relevant government and airport authorities, we can continue contributing to the progression of air transport services in the country,” says Atty. JR Mantaring, CEB Vice President

for Corporate Affairs. CEB recently announced three new domestic routes out of Cebu, to cater to the increasing interisland travel demand in the Visayas region. Beginning November 19, 2016, the airline will be operating daily flights between Cebu and Ormoc (Leyte) and Cebu and Roxas (Capiz); and four times weekly flights between Cebu and Calbayog (Samar). The airline will also be operating direct, daily flights between Kalibo and Incheon, South Korea, effective October 1, 2016. CEB now offers flights to an extensive network of over 100 routes on 36 domestic and 30 international destinations,

spanning Asia, Australia, the Middle East, and USA. Its 57-strong fleet is comprised of seven Airbus A319, 36 Airbus A320, six Airbus A330, and eight ATR 72-500 aircraft. Between 2016 and 2021, CEB expects delivery of 32 Airbus A321neo, two Airbus A330, and 16 ATR 72-600 aircraft orders. For bookings and inquiries, guests can visit www. cebupacificair. com or call the reservation hotlines (+632)7020-888 or (+6332)230-8888. The latest seat sales can be found on CEB’s official Twitter (@ CebuPacificAir) and Facebook pages. Guests may also download the Cebu Pacific official mobile app on the App Store and Google Play.

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wednesday|august 17, 2016

7

Banking&Finance

OFW remittances shoot up 3% to $14.6B from Jan.-June 2016

O

VERSEAS Filipino Workers (OFWs) remitted US$14.6 billion to the countr y in the first six months this year, representing a 3.1-percent rise year-onyear, Bangko Sentral ng Pilipinas Governor Amando Tetangco said on Monday. The bulk of personal remittances came from landbased workers with contracts of one year or more who sent back a total of $11.3 billion. On t he ot her hand, remittances from sea-based

workers and short-term landbased workers amounted to $3.1 billion. Personal remittance is defined by the Balance of Payments and International Investment Position Manual (6th edition) as the sum of OFWs’ gross earnings minus their social contributions, taxes, and travel expenditures in their host countries, plus their personal and householdto-household transfers. OFWs have b e come comfortable coursing their transactions through banks,

as shown by the level of cash remittances reaching $13. 2 billion in the first semester, of which 80 percent came from 10 countries: United States, Saudi Arabia, United Arab Emirates, Singapore, United Kingdom, Japan, Qatar, Kuwait, Hong Kong, and Germany. As of end-June, there were 5,228 bank and nonbank remittance channels worldwide that supported the steady stream of remittance inflows to the Philippines. Based on preliminary data

from the Philippine Overseas Employment Administration, a total of 223,116 newlyhired OFWs were deployed to land-based jobs during the first half. The top five destinations were Saudi Arabia, Kuwait, Qatar, Taiwan and Hong Kong. Processed contracts were mostly for services, sales, craft and related trades, as well as elementary occupations in the agriculture, forestry, fishing, mining, construction, manufacturing, and transport sectors.

Analysts eye hike in BSP rates starting Q2 2017 THE Bangko Sentral ng Pilipinas (BSP) maintained its key rates for the 15th consecutive policy meeting Thursday, and some analysts expect this to be the case until at least the second quarter of 2017. In a re s e arch note, ANZ Research said the low inflation environment and strong domestic demand continue to be supportive of the economy’s expansion. While inflation, which as of June averaged at 1.4 percent, remains below the

government’s 2-4 percent target for 2016-18, ANZ expects this to rise because of increases in the vegetable sub-index. “Strong gains in locallyproduced food items indicate that the agricultural sector is still a weak link,” it said. Full impact of the BSP’s Term Deposit Facility (TDF), which had its initial auction last June 8, is not yet seen and ANZ expects more adjustments in the said facility “before it emerges as the BSP’s main liquidity

management tool.” “Until then, we see little room for the central bank to lower its reserve requirement ratio,” it said. The TDF was put in place as part of the central bank’s Interest Rate Corridor (IRC), implemented since June 3. The Philippine central bank has increased twice the offering for its 28-day TDF from the initial P20 billion in June to P40 billion in July and P60 billion this August. These were made since oversubscription to the

facility remained more than three times the offering. On inflation, ANZ expects it to average at 1.9 percent this 2016 and 3 percent in 2017. ”Our outlook for average inflation through the next 12 months is likely to remain within the inflation target range,” it said. Wit h t h e s e f a c t or s , ANZ does not expect any adjustment in the BSP rates until the second quarter of 2017. “We e x p e c t B SP t o

maintain its course through 2016 and we are pencilling in policy tightening in Q2 2017,” it said. ANZ said this forecast was made “assuming that the Fed (Federal Reserve) will raise its fed funds rate by 25bps (basis points) in December 2016,” it said. ”Our expectation of Fed tightening in December 2016 should presage tighter monetary conditions in the Philippines,” it added. Ayala-led Bank of the Philippine Islands (BPI),

meanwhile, forecasts the BSP to keep rates steady in the whole of 2017 since domestic output remains strong and liquidity remains high. Since growth of domestic liquidity or M3 remains elevated, “the next move by the BSP may be in the realm of the RRR,” it said. The research note, howe ver, s aid t hat t he adjustment in banks’ reserve requirement ratio (RRR) “may be carried out in six months’ time as the central hike/PAGE 12

FIESTA SALE

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tue-wed|august 16-17, 2016

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tue-wed|august 16-17, 2016

11

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​Ayala Business Club holds blood drive T

Story and Photos by MARK FRANCISCO, Lifestyle Editor

HE Cagayan de Oro chapter of the Ayala Business Club held a blood drive and free medical checkup last Friday at Centrio. Ayala Business Club chapter PRO Rica Alinas said that the twin activities are part of their yearround outreach and corporate social responsibility. Here in Cagayan de Oro, the Ayala Business Club is composed of Ayala Land – Alegria, Amaia, Avida, Ayala Corp., Ayala Foundation, Ayala Property Management Corp., Bellavita, BPI, BPI Family Savings Bank, BPI MS, BPI Phil-Am, Centrio, Globe, Honda Cars, Makati Development Corporation, Seda Centrio and Centrio. A total of 187

bags of blood were collected after the activity, 87 of which would go to the Northern Mindanao Medical Center (NMMC). The remaining 36 bags would be allotted to the Philippine Red Cross. It was learned that the total blood donated could save 369 persons. Four physicians from NMMC practicing Family Medicine also lent their expertise in the event for the free medical checkup. Free medicines for fever, cough and flu were distributed to the walk-in patients courtesy of Centrio. The officers of the Cagayan de Oro chapter of Ayala Business Club are the following: president Jacquee Rogong, vice president Art Aranas, secretary

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

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

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

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

CORRALES BRANCH Corrales Ave., Cagayan de Oro City

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

AFFIDAVIT OF SELF-ADJUDICATION That I, MARCELO Z. ABAO, of legal age, Filipino citizen and a resident of Binuangan, Misamis Orieantal, after having been duly sworn to in accordance with law do hereby depose and say; That I am the only brother of GLORIA ABAO GREY, wife of the late WILLIAM GREY who died on June 12, 2015; That at the time his death, WILLIAM GREY had no debts, liabilities or obligations to any persons, agency or institution but then left a savings account at BPI; That I hereby adjudicate myself the above described savings account which I am going to withdraw. IN WITNESS WHEREOF, I have hereunto set my hand this 30th day of July, 2016, at Balingasag, Misamis Oriental. MARCELO Z. ABAO Affiant SUBSCRIBED AND SWORN, to before me this 30th day of July, 2016, at Balingasag, Misamis Oriental.

WITNESS MY HAND AND SEAL.

Doc. No. 371 Page No. 70 Book No. V Series of 2016

ISACIO A. PELAEZ Notary Public Until December 2016 Balingasag Misamis Oriental PTR NO. 6635191. IBP No. 759156 ROLL NO. 17282, TIN NO. 105546958 MCLE COMPLIANCE NO. IV-0020914

BWM: Aug. 3, 10 & 17, 2016

Romcy Madronio, treasurer Bong Cababat, PROs Rica Gador and Hammer Roa. Ayala Business Club is an organization that brings together Ayala Group companies that are operating in a locality. Its mission is to bring in synergy, disaster management and community engagement on education, youth leadership, environment and

health. To ensure that their mission is brought to life, Ayala Business Club has several projects lined up for its members. Additionally, the group is also a good platform for introducing new products and services developed by the member companies. Members also work towards the promotion of each company’s products.

Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region BRANCH 24 Cagayan de Oro City HOME DEVELOPMENT MUTUAL FUND, EJF FILE NO. 2016-289 Mortgagee, FOR: EJF OF REAL -versus- ESTATE MORTGAGE UNDER ACT 3135 SPS. EVANGELINE & JULITO MANLANGIT, Mortgagors. x---------------------------------------------------/ SHERIFF’S NOTICE OF SALE Upon extra-judicial petition for sale under ACT 3135 as amended filed by HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG), mortgagee, against EVANGELINE S. MANLANGIT, married to JULITO S. MANLANGIT, mortgagors, resident of Lot 6, Block 19, WESTFIELD HOMES SUBD., IPONAN, CAGAYAN DE ORO CITY, to satisfy the mortgage indebtedness which as of June 10, 2016, amount to (P 380, 252.29) excluding penalties, charges, attorney’s fees and expenses of foreclosure, the undersigned Sheriff will sell Public Auction on August 30,2016 at 9:00 A.M. or soon thereafter at the main entrance of Tourism Hall, City Hall, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine currency, the properties with all its improvements to wit: TRANSFER CERTIFICATE OF TITLE NO. T-209220 A PARCEL OF LAND,Lot 6, Block 19, Psd-10-053603, Portion of Lot 4177, Cad. 237, Cagayan Cadastre, as surveyed for LIBERTY LAND CORPORATION (WESTFIELD HOMES PHRASE 2) Land use Residential, Located at Iponan, Cagayan de Oro City, Bounded NE., along line 1-2 by Lot 5, Block 19, SE., along line 2-3 Lot 4, Block 19. Containing an area of EIGHTY (80) SQUARE METERS MORE OR LESS. Prospective buyers may investigate for themselves, in the event of Auction Sale cannot take place for whatever legal reason the sale will proceed on the following day, without further notice, posting and publication, the title here in above describe an encumbrance thereon, if any there be

CAGAYAN de Oro City, Philippines, July 29,2016.

BWM: Aug. 3, 10 & 17, 2016

(Sgd.) TERESITO C.SETENZO Sheriff IV

tue-wed|august 16-17, 2016

Hike... from page 7

bank calibrates its auction sizes under the TDF.” “The BSP may opt to unveil a number of macroprudential measures, possibly in key sectors like real estate, in order to arrest any nascent inflationary pressures or areas of excessive risk taking behavior borne from the recent string of negative real interest rates,” it said. “However, should economic activity show signs of slowing, look for BSP to hint at possible easing measures to help bolster growth,” it said. If inflationary pressures start to rise and the Fed decides on its second rate hike after the December 2015’s increase, the BPI research note said the “BSP can look to wield the full weight of its IRC by guiding market rates higher by way of substantial TDF auction volumes.”

Capital Economics, in a research note, said the BSP’s rates decision this Thursday is as expected, citing that the central bank “will be in a little hurry to adjust interest rates.” It noted that credit growth continues to rise, with the June 2016 expansion at 17.7 percent year-on-year, after a slowdown in the latter part of 2015. “If the rebound is sustained, it could put the health of the financial sector at risk,” it said, but discounted a hike in BSP rates due to resurgence of strong credit growth. “Given the benign inflationary outlook, we think the central bank will keep its key interest rate unchanged at 3.0 percent not just for the rest of this year, but to the end of 2017 as well. The consensus is also expecting rates to be left unchanged this year, but most analysts are expecting hikes next year,” it added.

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF Tubod, Lanao del Norte NOTICE OF EXTRA-JUDICIAL SALE EJF No.: 2014-07-2016 Upon the Extra Judicial Petition for Sale Under Act 3135/1508, as amended, filed by the LAND BANK OF THE PHILIPPINES Branch Office Cagayan de Oro Lending Center, 2/F Green Tower Bldg. Velez- Luna Sts., Cagayan de Oro City against BONITA AND CESAR CABATAÑA SR., CHERRY CABATAÑA AND CHRISTIAN CABATAÑA, Kolambugan, Lanao del Norte to satisfy the indebtedness which as of October 30, 2015 amounting to ONE MILLION NINE HUNDRED NINETY-FOUR THOUSAND EIGHTEEN PESOS AND 91/100 (Php 1,944,018.91) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at Public Auction on 21st day of September 2016 at 10:00 A.M. or soon thereafter at the Regional Trail Court, Branch 07, Provincial Capitol of Lanao del Norte, Pigcarangan, Tubod, Lanao del Norte to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements, to wit: 1. TRANSFER OF CERTIFICATE OF TITLE NO. T-12,770 A parcel of land (Lot 6468) situated in the Barrio of Rebucon, Kolambugan LN Municipality of Kolambugan, Province of Lanao del Norte, Island of Mindanao. Bounded on the S. along line 1-2 by Lot 6505, Pls-89 Ext. on the SW, W., and NW., along lines 2-3-4-5-6-78-9 by Rebucon Creek; on the N., along lines 9-10-11 by Lot 6475. Pls 89 Ext., and on the N., and NE., along lines 11-12-13-14-15-1 by Muntay Creek. With an area of SIXTY TWO THOUSAND SEVEN HUNDRED AND FORTY FOUR (62,744) SQUARE METERS. With all the improvements found thereon. 2. TRANSFER OF CERTIFICATE OF TITLE NO. T-12,771 A parcel of land (Lot 4525) situated in the barrio of Kolambugan Lanao del Norte Municipality of Kolambugan, Province of Lanao del Norte. Island of Mindanao. Bounded on the N., by Lot 6468 of Maigo Pls-89; on the E., by Lot 6467, of Maigo Pls-89; on the SE., by Lot 6467 of Maigo Pls-89 and Rebucon Creek; and on W., Rebucon Creek; with an area of (69,883) Square meter with all the improvements found thereon. 3. TRANSFER OF CERTIFICATE OF TITLE NO. T-16,510 A parcel of land (Lot 7346) situated in the barrio of Magpatao, Lala Lanao del Norte, Island of Mindanao. Bounded on the W., along line 1-2 by Lot 362, Pls-13; on the NW., along line 2-3 by Lot 7347, swo-24530; on the E., along line 3-4 by National Highway; and on the SE., along line 4-1 by Lot 7345, swo-24530. With an area of (585) square meter with all the improvements found thereon. 4. ORIGINAL CERTIFICATE OF TITLE NO. P-466 A parcel of land (Lot_______) situated in the barrio of Tubod, Lanao del Norte, Island of Mindanao. Bounded on the NE., along line 1-2 by Maciano Maghinay; along line 2-3 by BUREAU OF FORESTRY; on the SE., along line 3-4 by ALEJO CAPAMPANGAN and RONOLFO CABYLE; on the SW., along line 4-5 by DOMINADOR BIHAG; and on the NW., along line 5-1 by NATIONAL HIGHWAY. With an area of (427) square meter more or less with all improvements found thereon. “All sealed bids must be submitted to the undersigned on the above stated time and date. In the event that the Publication Auction cannot take place on the said date, it shall be held on September 28, 2016 without further notice.

Tubod, Lanao del Norte, Philippines, this August 2, 2016.

BWM: Aug. 10, 17 & 24, 2016

For the Clerk of Court and Ex-Officio Sheriff (Sgd.) CONRADO V. HINGCO, JR. Sheriff

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tue-wed|august 16-17, 2016

Warns... from page 1

caused by human-made GHGs. The report identified some of the adverse impacts of climate change, such as the increasing frequency of extreme weather events and natural disasters, rising sealevels, floods, heat waves, droughts, desertification, water shortages, and the spread of tropical and vectorborne diseases. “ These phenomena dire c t ly and indire c t ly threaten the full and effective enjoyment of a range of human rights by people throughout the world, including the rights to life, water and sanitation, food, health, housing, selfdetermination, culture and development,” said the Office of the High Commissioner for Human Rights (OHCHR) of the United Nations. Businesses, like States and governments, are dutybound to respect, protect and fulfill human rights and their fundamental freedoms. Thus, on June 16, 2011, the UN Human Rights Council (UNHRC) endorsed the Gu i d i ng Pr i n c ipl e s on Business and Human Rights, a global standard for preventing and addressing human rights abuses committed by businesses. “These Guiding Principles clarify the human rights responsibilities of business. They seek to provide the first global standard for preventing and addressing the risk of adverse human rights impact linked to business activities…The Guiding Principles […] constitute an authoritative normative platform which […] also provide guidance regarding legal and policy measures

that, in compliance with their existing human rights obligations, States can put in place to ensure corporate respect for human rights,” said Professor John Ruggie, UN high commissioner for human rights. The Guiding Principles, according to the OHCHR, “are grounded in recognition of: (a) St ates’ exist ing obligations to respect, protect and fulfil human rights and fundamental freedoms; (b) the role of business enterprises as specialized organs of society p er for ming sp ecia lized functions, required to comply with all applicable laws and to respect human rights; and (c) the need for rights and obligations to be matched to appropriate and effective remedies when breached. As such, “the Guiding Principles apply to all States and to all business enterprises, both transnational and others, regardless of their size, sector, location, ownership and structure.” Principle 12 states that “the responsibility of business enterprises to respect human rights refers to internationally recognized human rights – understood, at a minimum, as those expressed in the International Bill of Human Rights and the principles concerning fundamental rights set out in the International Labour Organization’s Declaration on Fundamental Principles and Rights at Work.” In respecting human rights, business enterprises must (a) avoid causing or contributing to adverse hu m a n r i g ht s i mp a c t s through their own activities, and address such impacts when they occur; and (b) seek to prevent or mitigate

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE REGIONAL TRIAL COURT SHERIFF NOTICE OF EXTRA JUDICIAL SALE EJF File No. 2016-297 UPON Extra-Judicial Petition for Sale under Act No. 3135 as amended by Act No. 4118, filed by HOME DEVELOPMENT MUTUAL FUND (Pag-IBIG Fund) against LUZ B. VENDER married to AMADEO VENDER, JR., with postal address at Villa Corito Subdivision, Surigao City, Surigao del Norte, to satisfy the mortgage indebtedness which as of May 18, 2016 amounts to ONE MILLION FORTY NINE THOUSAND SEVEN HUNDRED TWENTY SEVEN PESOS and 39/100 (Php 904,227.39) inclusive of interests and penalty, charges, and expenses of foreclosure, the undersigned Sheriff will sell at public auction on September 13, 2016 at 10:00 am to 4:00 pm, at the Office of the Clerk of Court, Regional Trial Court, City Tourism Hall, Cagayan de Oro City, to the highest bidder, for cash or manager’s check and in Philippine Currency, the following property described below including all existing improvements found thereon; TCT No. T-175948 “A PARCEL OF LAND (Lot 35, Block 13, of the consolidated subdivision plan, (LRC) Pcs 6631, being a portion of the consolidation of LOT 2905, to 8 Cagayan de Oro Cadastre xxx situated in the Barrio Macasandig, City of Cagayan de Oro, Island of Mindanao, containing an area of Two Hundred Forty (240) sq. m. more or less. Xxx All sealed bids must be submitted to the undersigned on the above stated time and date. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title herein above described and encumbrances thereon, if any there be. DONE this 10th day of August, 2016, in the City of Cagayan de Oro. BWM: Aug. 17, 24 & 31, 2016

(Sgd.) ENRIQUE M. TALAG, JR Sheriff IV

adverse human rights impacts that are directly linked to their operations, products or services by their business relationships, even if they have not contributed to those impacts. (Principle 13). Simply stated, “businesses have the moral responsibility to ensure their business practices are not impinging on human rights where their operations take place,” Obusan said. Building-Block Action Human rights is the core of sustainable and just development, which is primarily driven by business enterprises. Thus, it is imperative that businesses respect, protect and promote human rights. The OHCHR said that such human rights principles of universality and inalienability, indivisibility, interdependence and i nt e r r e l at e d n e s s , n o n discrimination and equality, participation and inclusion, accountability and the rule of law as outlined and emphasized in the Universal Declaration on Human Rights (UDHR), Vienna Declaration and Programme of Action, the Declaration on the Right to Development, the 2030 Agenda for Sustainable D e v e l o p m e nt , t h e U N Common Understanding of a Human Rights-Based Approach to Development C ooperation and other instruments “must guide development.” In the greater context of climate change, this simply means that States and businesses must be

held accountable for their contributions to climate change as they are obligated to respect human rights and do no harm in the course of their activities. Thus, the CHR order to the 47 fossil fuel companies all over the world “is a building block action,” Abad said. “The goal [of the petition],” she said, “is to achieve recognition of the responsibility of fossil fuel companies to respect the rights of Filipinos and prevent any further harm resulting from their products when used as directed contributed to climate change and the devastating impacts. This is the beginning in an epic journey to achieve climate justice.” “This whole process is about preventing harm,” Casper said, adding: “It’s not trying to look into the past. It’s about protecting people’s future.”

Cultivate... from page 2

territorial waters between the two nations. PHILEXPORT-Cebu president Nelson Bascones was quoted in local media late last month as saying that most exporters hadn’t seen any business disruption after the international court of arbitration ruled in favor of the Philippines as both governments were trying to address diplomatic issues. Cebuano exporters noted improving demand from China in the recent months, especially for processed food and seafood products, he added, saying “more and more marine products are shipped to China now, from

Cebu.” China and the Philippines have a long history of bilateral trade. According to the Philippine Statistics Authority (PSA), China was the Philippines’ second largest trading partner and third largest export market in 2015. The latest PSA data said among the Philippines’ top 10 export markets is Greater China-comprised of Mainland China, Hong Kong, Macau, and Taiwan. In May 2016, Hong Kong was the country’s third leading export destination, while the mainland came fourth, and Taiwan eighth, data showed. Hong Kong took in US$513.67 million worth of Philippine exports for a 10.9% share of the total exports during the month compared to the same period in 2015. China had a 10.6% share to total exports, with shipments valued at $499.15 million. Taiwan posted a total contribution of $163.98 million for a 3.5% share. On the other hand, mainland China remains as the country’s biggest source of imports with a 20.4% share in May 2016, according to the authority. Philippine payments were recorded at $1.37 billion, an increase of 65.7% from $828.66 million in May 2015. This generated a total trade value of $1.867 billion and a trade deficit for the Philippines of $879.87 million. Taiwan was the Philippines’ sixth largest import source in May 2016, supplying $441.21 million worth of imported goods for a 6.5% share to Philippine total imports, and Hong Kong was 10th biggest with $211.11

Upon Extra-Judicial Petition for Sale under Act 3135 as amended, filed by ORO INTEGRATED COOPERATIVE, a cooperative duly organized and existing under the laws of the Philippines, with principal office address at Yacapin-Tiano Streets, Cagayan de Oro City, against SPS. NICANORA M. OBSIOMA and LOREMIER M. OBSIOMA and NOEL ANTONIO A. MONTEBON, with residence at Jesus Seriña Street, Carmen, Cagayan de Oro City, to satisfy the mortgage indebtedness based on the Statement of Account dated July 11,2016 amounting to EIGHT HUNDRED TWENTY SEVEN THOUSAND FIVE HUNDRED FUFTY FIVE PESOS & 43/100 (P 827,555.43) Philippine Currency, as mortgagor’s principal and outstanding balance of indebtedness including interest, penalty and attorney’s fees, excluding other necessary fees and expenses of Extra-Judicial Foreclosure and Sale, the undersigned Sheriff-in-charge will SELL at Public Auction on OCTOBER 17,2016 or soon thereafter at 10:00 o’clock in the morning, at the City Tourism Hall, City Hall, Cagayan de Oro City, to the highest bidder for CASH and in the Philippines currency, the real properties mortgaged together with all existing and future improvements thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-159315 Registered in the name of MRS. NICANORA M. OBSIOMA “A PARCEL OF LAND (Lot 11,Block 1, Psd-104305-020294, being a portion of Lot 3868-B, Psd-10-004700). Situated in the Barrio of Carmen, City of Cagayan de Oro, Island of Mindanao. Bounded on the x x x. Beginning at x x x x; containing an area of One Hundred Twenty (120) Square Meters, more or less” Prospective Buyers/Bidders may investigate for themselves the titles herein above described and encumbrance thereon, if any there be. -In case October 17,2016 will be declared holiday or non-working day, the Public Auction Sale shall be held on October 21,2016 without further notice, publication and posting. Cagayan de Oro City, August 5, 2016. FOR THE EX-OFFICIO PROVINCIAL SHERIFF By: BWM: Aug. 10, 17 & 24, 2016

(Sgd.) JOSEPH C. MAAGAD Sheriff IV

Filinvest... from page 5

while that of Filinvest Land, Inc. inched 6.7% to P2.47 billion from P2.31 billion. “The 7.7% increase in costs of sale of lots, condominiums and residential units was at a slower pace than the 12.8% increase in real estate revenues due to higher share of increase in sales of FAI’s lots with relatively higher gross profit margin. Operating expenses likewise went up at a lower rate, which increased by just 5.4%,” FDC said. The conglomerate’s sugar operations, meanwhile, netted P461.9 million or 6.8% more than last year’s P432.5 million on the back of a 7% increase in sugar sales and other income. Hotel operations posted flattish earnings at P93 million. In the coming year, FDC expects stronger inflows from the power business. Its power subsidiary FDC Utilities, Inc. (FDCUI)has synchronized the first two of three units of a 135-megawatt (MW) clean coal power plant in Misamis Oriental. “All three units are expected to be connected to the grid by end of third quarter 2016 and in commercial operations by year end,” FDC President and Chief Executive Officer Josephine Gotianun-Yap said in the statement issued on Monday. “We expect significant growth as well as a change in FDC’s income mix in 2017. FDCUI’s 405-MW plant is now the biggest power plant in Mindanao and will put an end to the energy crisis in the region,” she added.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City BRANCH 22

Republic of the Philippines SUPREME COURT REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA JUDICIAL SALE File No. EJF-2016-367

million worth of imports for a 3.1% share. (PhilExport)

OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE EJF File No. 2016-299 Upon Extra-Judicial petition for sale under Act 3135 as amended filed by HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG FUND, mortgagee, with office address at Pag-ibig Building, J.R Borja St., Cagayan de Oro City, against MELVIN S. CALIZA, married to Rina A. Caliza, mortgagor/s, of legal age/s, Filipino/s with postal address of Block 17 Lot 31, Pag-ibig Citi Homes, Malanang, Opol, Misamis Oriental, to satisfy the mortgaged indebtedness which was as of June 10,2016 amounts to FOUR HUNDRED SEVENTY SIX THOUSAND SIX HUNDRED NINETY SIX PESOS and 41/100 (P476,696.41) Philippine Currency including interest and penalty charges, excluding attorney’s fees and expenses of foreclosure, the undersigned sheriff will sell at public auction on September 5, 2016, at 10:00 a.m. or soon thereafter at the City Tourism Hall, City Hall, Cagayan de Oro City, to the highest bidder, for CASH and in Philippines Currency, the herein described property and all improvements thereon to wit: TRANSFER CERTIFICATE OF TITLE NO. T-136-2014000583 Lot Portion of As surveyed for Land Use Location Area

: Lot 31, Block 17, Psd-10-059077 : Lot 2, Pcs-10-003972 : JOHNDORF VENTURES CORP. Pag-ibig Citi Homes Phase 2 : Residential : Malanang, Opol, Misamis Oriental, Island of Mindanao : ONE HUNDRED TEN (110) SQ.M. MORE OR LESS

Prospective buyers/bidders may investigate for themselves the title of the herein described property and encumbrances thereon, if any there be. All sealed bids must be submitted to the undersigned on the above stated time and date. In the event the public auction should not take place on the said date, it shall be on the next working day without further notice.

Cagayan de Oro City, July 25,2016. FOR THE PROVINCIAL EX-OFFICIO SHERIFF

BWM: Aug. 3, 10 & 17, 2016

(Sgd.) JOEL LYDVEL G. PAKINO SHERIFF IV

BusinessWeek MINDANAO www.businessweekmindanao.com

Feature

Tue-Wed | August 16-17, 2016

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Rotary Club of Carmen Valley Mangrove Planting and Laton Distribution a Success By Rtn Joe Palabao

“In Celebration of the Rotary Foundation 100 Years of Doing Good in the World, RCCV initiated a successful Mangrove propagules planting for shoreline environmental protection for thousands and thousands of fingerlings of school fishes like bangus and prawn to thrive for food for humanity and giving “Laton” containers for water usage of the residents of Barangay Baybay, Alubijid, Misamis Oriental.” - All Star President Susan Lonkey

L

ast August 13, 2016 around one thousand five hundred mangrove propagules were planted by the Rotarians of the Rotary Club of Carmen Valley together with Rotary Club partners and stakeholders along the shore of the known Boardwalk Mangrove Eco Park of Barangay Baybay, Alubijid, Misamis Oriental. Along with the planting of mangrove propagules was the distribution of more than two hundred laton containers which benefited more than a hundred beneficiaries of the barangay for containing potable water and daily water usage of the residents. The worthwhile project: Mangrove propagules planting and laton distribution was under the baton of the dynamic and unstoppable All Star

President Susan Lonkey assisted by debonaire and active Assistant Governor Toni Estrella. This project is now on its second year for shore line environmental protection which was initiated by Immediate Past President Joyce Ortezuela Libot and Vice President Ed Cuaresma. The propagules was donated by the Barangay Council of Baybay, Alubiid, Misamis Oriental led by Barangay Captain Leonardo Suizo. The hundreds of Laton containers were donated by VJANDEP through the kind effort and facilitation of Rotarian Maricar Jaruda. Joining the Mangrove Planting and Laton Distribution were the Rotary Club of Opol led by its active All Star President Nanding Gurrea with IPP Mayor Max Seno with their active Rotarians. The

Club planted more than two hundred mangrove propagules while RCCV planted around eight hundred propagules, one hundred propagules planted by RC West under the leadership of President Celso Balat and the rest were left for planting by the residents and the Barangay Council of Baybay. Joining also for support, camaraderie and fellowship were President Xelors Rola of RC Metro and President Teng Sazon 11 of the Rotary Club of Bay Area with IPP Cesar Bandila. At A Glance – In an interview with the fisher folks of Barangay Baybay told Business Week Mindanao that Mangrove trees growing along the shores help the laying of eggs and spawning of school of fishes like bangus, other fish species and prawns and when hatched become thousands and

thousands of fingerlings for the fisher folks to catch and sell to the different bangus and prawn fishpond farms in Misamis Oriental. Mangrove upward roots around its base help the ecological balance system of nature for eggs to be hatched to fingerlings. These mangroves thus become a habitat of the thousands and thousands even millions of fingerlings of bangus, prawns and other kind of specie along the shoreline of Loquilo down to the shores of Laguindingan. We salute the presence and participation of the following Rotarians of RCCV: President Susan Lonkey, AG Toni Estrella, IPP Joyce O. Libot, Rtn Jagger Libot, PAG Boc Pineda, PP Henry Abrillo, Rtn. Odilon Apolinario, Rtn Freddie Cornella, VP Ed Cuaresa and spouse Judith

Cuaresma, Rtn Mario Cuarez with spouse Rachel Ann Cuarez, PP Jun Gonzales, Rtn Maricar Jaruda, Rtn Joe Palabao, PP Ed Rulona, Rtn PN Caesar Tacbas, Rtn Merlyn Ybanez with spouse Narciso Ybanez, Guest: Mynfa Puao, Guest Mr. Dalugdog and RCCV Staff Angel Rulona. Rotaractors of RC Carmen Valley: Alvin John Lagumbay, Bren

G. Catunao, Kathleen Faith Gallardo, Jundee Laurence Taruc, Rafael Mulawan and Ladylyn Almanzor. Sumptuous lunch followed with a fellowship never to forgotten and always being look up to in the future.

KUDOS ROTARY CLUB OF CARMEN VALLEY!

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tue-wed|august 16-17, 2016

Railway... from page 1

services needed for civilized life means higher productivity of the land and its people. A r ai l ro a d n e t w or k crisscrossing Mindanao, he said, would considerably shorten the travel time between Zamboanga and his home city in Cagayan de Oro or Davao and Cagayan de Oro. “That will, in turn, mean a reduction of the travel cost for the people and for the transportation cost of goods whose end destination is the Visayas or Luzon, or beyond our northern shores, or vice versa,” Pimentel said. T he Ph i l ippi ne s , he said, must benefit from the experience of other countries whose railway systems up to today provide people and goods the cheapest and fastest way of mass transit movement. The proposed MRC, whose corporate existence is 50 years, would be given an authorized capital of P100 billion, divided into P500 million common shares with par value of P200, fully subscribed by the national government. The initial paid-up capital of the MRC is set at P20 billion with the balance provided under a continuing annual appropriation of not less than P2 billion from the national treasury. Being a factor for socioeconomic development and growth, Pimentel said the MRC would be a part of the infrastructure program of the government, and would remain under government control during its existence. It would be administered, he said, with the view of serving public interests at optimum service, and while aiming at its greatest utility by the public, the utmost viability of its operation must also be protected. This is to ensure that services are rendered at the minimum passenger and freight prices possible, he added. The MRC, an attached agency of the Department of Tr ans p or t at i on an d Communications, would be exempted from payment of all taxes. Its proposed headquarters is in Cagayan de Oro.

Service... from page 1

“Fab Lab (Fabrication Laboratory) is a technical prototyping platform for innovation and invention, providing stimulus for local entrepreneurship,” said Lemuel Clark P. Velasco, associate professor and facility manager. “A fab lab is also a platform for learning and innovation: a place to play, to create, to learn, to mentor, and to invent. But it is not just place, fab lab is a movement where ideas, and innovation happens.” S e t up a s a s h a re d service facility (SSF) by the Department of Trade and Industry (DTI), FAB LAB is a digital fabrication laboratory with sophisticated

equipment that is open to all students, researchers, entrepreneurs, and the people all over Mindanao to help them transform their ideas to designs and their designs to prototypes which can be easily manufactured. The FAB LAB Mindanao team aims to demonstrate the lab and the team’s capabilities in becoming Mi nd ana o’s C enter for Innovation and Invention during its 17 August 2016 launch and exhibit. Also to be launched on the same date are the DTI NegosyoCenter and Technology Business Incubator (TBI). “Fab Lab is a college, there will be students and academic programs that is designed and developed to build projects,” Velasco said. “There will be inventors and entrepreneurs that will cultivate, generate new ideas, develop innovation and help the local communities in Mindanao as they develop their products and services.” It also has workshops and programs that will help the people in generating ideas and innovations, he added. For instance, from 2D and 3D designs of research and development projects internal and external to MSUIIT, FAB LAB Mindanao offers fabrication services in ideation, designing, fabrication and small scale manufacturing to the entrepreneurs and innovators of Mindanao. The FAB LAB also has Mobile Robots (MOBOTs), autonomous el e c t ron i c platform on wheels that can be controlled through application software for its telemetry and movements. The applications of these robots range from autonomous navigation technolog y up to space exploration. A pre-launch orientation

was held l ast May 20, 2016 to present the FAB LAB services to potential clients at the DTI Lanao del NorteNegosyoCenter. DTI Lanao del Norte Provincial Director RuelPaclip an des cr ib es FAB LAB as a technical prototyping platform for innovation and invention t h at c o u l d h e l p m a k e prototypes and products such as equipment, machinery and electronic gadgets; scale models, illustrate graphic designs and mass-produce products. “ Wi t h t h e Fa b l a b, micro, small and medium entrepreneurs (MSMEs) are given the opportunity to avail of new prototyping technologies and software in designing and manufacturing to match the market competition,” Paclipan said. Fab Lab Mindanao also aims to be a training center and a service bureau for outsourced research and development, he added. Fab Lab Mindanao Center for Innovation & Invention is located at RM 122, Level 1 College of Engineering, MSUIIT, A-Bonifacio Ave., Iligan City, Philippines For more details contact Lemuel Clark P. Velasco, phone: +63935868-8933, email: fablab@g. m s u i i t . e d u . p h , f a b l a b. msuiit.edu.ph, fablabs.io/ fablabmindanao, fb.com/ FabLabMindanao (With a report from LVG/PIA-10 LDN)

DEED OF EXTRA-JUDICIAL PARTITION OF ESTATE OF SOLE HEIR WITH DEED OF ABSOLUTE SALE

DEED OF EXTRA-JUDICIAL PARTITION OF ESTATE OF SOLE HEIR WITH DEED OF ABSOLUTE SALE

KNOWN ALL MEN BY THESE PRESENTS: that we, CIRILO J. SOBRIO of legal age, widower, Filipino and resident of Zone 9, Patag, Cagayan de Oro City, hereinafter referred to as the HEIR-VENDOR, and CHERRY ANN G. POPERA, of legal age, married to Judy P. Popera, Filipino and resident of Zone 9, Patag, Cagayan de Oro City, hereinafter referred to as the VENDEE; MANIFEST: That I am the only, sole, legitimate and surviving legal heir of the late LILIOSA ADANZA SOBRIO, who died intestate on 27 May 2013 and died without any child nor adopted children, at Cagayan de Oro City, Misamis Oreintal; that the deceased at the time of her death left a Residential Land, known as Lot 16, Block 22, Psd-10-011967 situated in the Barrio of Patag, City of Cagayan de Oro, Island of Mindanao. Containing an area of NINETY ONE (91) SQUARE METERS declared in the Heirs of late LILIOSA ADANZA SOBRIO is the subject of “DEED OF EXTRAJUDICIAL PARTITION OF ESTATE OF SOLE HEIR WITH DEED OF ABSOLUTE SALE” Under Notary Public BUENAVENTURA E. SAGRADO. Per Doc No. 245; Page No. 49; Book No. 114; Series of 2016.

KNOWN ALL MEN BY THESE PRESENTS: that we, CIRILO J. SOBRIO of legal age, widower, Filipino and resident of Zone 9, Patag, Cagayan de Oro City, hereinafter referred to as the HEIR-VENDOR, and MARIA IDA J. MORENO, of legal age, married to Jaime Moreno, Sr., Filipino and resident of Zone 9, Patag, Cagayan de Oro City, hereinafter referred to as the VENDEE; MANIFEST: That I am the only, sole, legitimate and surviving legal heir of the late LILIOSA ADANZA SOBRIO, who died intestate on 27 May 2013 and died without any child nor adopted children, at Cagayan de Oro City, Misamis Oreintal; that the deceased at the time of her death left a Residential Land, known as Lot 16, Block 22, Psd-10-011967 situated in the Barrio of Patag, City of Cagayan de Oro, Island of Mindanao. Containing an area of NINETY ONE (91) SQUARE METERS declared in the Heirs of late LILIOSA ADANZA SOBRIO is the subject of “DEED OF EXTRAJUDICIAL PARTITION OF ESTATE OF SOLE HEIR WITH DEED OF ABSOLUTE SALE” Under Notary Public BUENAVENTURA E. SAGRADO. Per Doc No. 246; Page No. 50; Book No. 114; Series of 2016.

BWM: Aug. 10, 17 & 24, 2016

BWM: Aug. 10, 17 & 24, 2016

Petroleum... from page 1

station in San Fernando for questioning. Aniñon said that the four could face charges for violating Presidential Decree 1865 on the selling and distribution of petroleum products for profit without license or authority from the

Energy Commission. Municipal Treasurer Desiderio Y. Panadero of San Fernando led the police team in confiscating the illegal petroleum products, he said. (PNA)

Poverty... from page 2

Department of Trade and I n d u s t r y, D e p a r t m e n t o f Int e r i o r a n d L o c a l Government, Department of Education, Department of Health, Department of Agriculture, Department of Environment and Natural Resources, Department of Labor and Employment and the Commission on Higher Education. The ARMM is undertaking several programs to combat pover ty, which include the ‘Apat na Dapat’ at the household level, the ARMMHealth, Education, Livelihood, Peace and Security, and Synergy (HELPS) at the barangay level, and the A R M M - Hu m an it ar i an and Development Action Program (HDAP), a relief, rehabilitation and livelihood project in calamity-affected communities in 15 towns in Maguindanao. “ We h o p e t h at t h e national government would help us bridge the gaps the programs we are currently

implementing,” said lawyer L aisa Alamia, ARMM’s executive secretary. ARMM officials proposed the inclusion of irrigation projects, halal industr y development and agriculture skills training and climate change mitigation efforts in the poverty alleviation and development plan. “There will be a series of meetings to consolidate a l l t h e s u g g e s t i on s t o significantly alleviate poverty in the identified regions,” Urdaneta said. (Bureau of Public Information/PIA-10)

Cimagala... from page 4

cannot be separated from our integral human nature and condition, from our beginning and end, and from the plan and purpose God our Father and Creator has for us. It is imp or tant that all of us acquire a proper understanding of the world of our flesh and the whole material reality. We have to be quick to recognize their original goodness, since they all come from God, as well as the distortions that came and continue to come as a result of our sins. What is crucial is that we know how to enter our body and the material world into the dynamics of divine love that

is supposed to characterize our life here on earth and, of course, beyond. The theology of the body, ably systematized by the late Pope now St. John Paul II based on what is revealed in the Gospel and developed in Church tradition, etc., will show how the body has been designed by God for this purpose. It takes into consideration our body’s original state of goodness and its fallen, wounded nature after sin for which the pathways for its redemption were given to us by Christ. Here we will see how the language of divine love for our body necessarily involves the character of gift, which is actually a sacrifice that involves self-denial and the whole reality of the cross as dramatized by Christ himself.

Hurst... from page 4

never know that He could solve them. I’d never know what faith in God could do.” So won’t you give your life to Jesus Christ today, and start trusting Him to take care of you no matter what happens? He’ll help you to see all the good things He’s given you— including answers to prayers you never even prayed. Just Think a Minute…

REPUBLIC OF THE PHILIPPINES ) PROVINCE OF LANAO DEL NORTE ) SS TUBOD, LANAO DEL NORTE ) AFFIDAVIT OF ADJUDICATION BY SOLE HEIR OF THE ESTATE OF DECEASED PERSON I, ROSALINA V. QUIÑOLA, of legal, Filipino, widow, with residence and post office address at Poblacion, Baroy, Lanao del Norte, Philippines, after been duly sworn to in accordance with law, hereby depose and say. 1.

That I am the sole heir as the surviving spouse in the second marriage of deceased FORTUNATO Q. QUIÑOLA who died intestate and without any issue in Baroy, Lanao del Norte, Philippines, on December 24, 1994 as evidenced by Certification of Fact of Death dated April 8, 2015 issued by the Office of the Municipal Civil Registrar, Tubod, Lanao del Norte, hereto attached as Annex “A” and made an integral part of this affidavit;

2.

That the said deceased FORTUNATO Q. QUIÑOLA at the time of his death left an estate which is a parcel of agricultural land situated at Barangay Princesa, Baroy, Lanao del Norte, more particularly described as follows: “A parcel of land, designated as Lot No. 2390, Pls-13 situated at Barangay Princesa, Baroy, Lanao del Norte, Island of Mindanao Philippines, Bounded on the NW., along lines 2-3 by Lot No. 1377 ,Pls 13; on the NE ., along lines 3-4-5 by Ininguian River; on the SE., along lines 5-6-1 by Lot No. 1376 and on the NW., along lines 1-2 by Lot No. 1367 , Pls-13; Beginning at a point marked “1” OF Lot 2390, Pls-13 being N, 48 deg., 07’E, 228.28 m from BLLM No. 112, Pls-13, thenceN 41 deg 57’W 52.78 m. to pt. 2; N 43 deg 59’E 251.85 m to pt. 3 N 76 deg 36’E 108.90 m. to pt. 4; S 70 deg 36’E 68.56 m to pt. 5 S 66 deg 11’W 15.23 m. to pt. 6; S 60 deg 42’W 339.77m to pt.1, Point of beginning.” Containing an area of TWENTY EIGHT THOUSAND NINE HUNDRED THIRTY (28,930) square meters more or less, Covered with Original Certificate of Title No. P-7954 issued by the Office of Register Deeds for Province of Lanao del Norte in the name of Felisa Q. Quińola married to Fortunato Q. Quiňola, with Tax Declaration No. G1500627 in the name of Felisa Q. Quiňola and with an assessed value of ₱55,420.00

That Felisa Q. Quiňola is the wife of Fortunato Q. Quiňola in his first marriage who died without any issue leaving Fortunato Q. Quiňola as her sole heir; That to the best knowledge and information of the party hereto, the deceased Fortunato Q. Quiňola left no debts; That aside from the herein party the deceased has no other legal heirs and he died without any issue; That pursuant to Rule 74,Sec. 1 of the Revised Rules of Court, I hereby adjudicate unto myself the whole portion of the above-described real property by means of this Affidavit and hereby files the same with the Register of Deeds of the Province of Lanao del Norte, with the request that the said adjudication be made effective without judicial proceedings as prescribed by the aforementioned Rules of Court, IN WITNESS WHEREOF, I have hereunto set my hand this 6th day of August 2016 in the Tubod, Lanao del Norte, in the Province of Lanao del Norte, Mindanao, Philippines.

ROSALINA V. QUIÑOLA Affiant WITNESS: _______________________________

__________________________________

ACKNOWLEDGMENT

SUBSCRIBED AND SWORN to before me this 6th day of August 2016 in the Municipality of Tubod, Lanao del Norte, Philippines. Affiant exhibited to me her document of identity which is her Senior Citizen ID No. 6387 issued on December 10, 2012, known to me to be the same person who executed the foregoing affidavit, and she acknowledged to me that the same is her free act and deed. WITNESS MY HAND AND NOTARIAL SEAL on the date and at the place first above written.

Doc. No. 429 Page No. 86 Book No. LXXN Series of 2016

BWM: Aug. 10, 17 & 24, 2016

Atty. DOROTHEA SALIGAN BASALO Notary Public Until December 31,2016 PTR No. 2849374/ Jan. 04,2016/Tubod,LDN IBP OR NO.1016148/ Jan.08,2016 LANAO DEL NORTE CHAPTER Roll No.53300 MCLE Certificate of Compliance No. V-0001332

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tue-wed|august 16-17, 2016