BusinessWeek MINDANAO CREDIBLE
Volume VIII, No. 31
Market Indicators
As of 6:00 pm August 17, 2017 (thursday)
FOREX
PHISIX
US$1 = P51.35
8,072.75
X
unchanged
26.16 points
Briefly
X
Most Competitive DAVAO City – If there’s one more reason for Davao City to celebrate Kadayawan Festival is the city’s new recognition as the 3rd Most Competitive Highly Urbanized City, next to Quezon City and Manila. The awarding was held during the 2017 Cities and Municipalities Competitiveness Index Awards, in conjunction with the 5th Regional Competitiveness Summit at the Philippine International Convention Center on Wednesday, August 16. “We are happy with the performance of Davao City sa national competitiveness council award,” Mayor Sara Duterte-Carpio said in an interview Thursday during the NCCC Mall’s Kadayawan event. The mayor factored in the support of the private sector. She said the government’s programs and projects are usually a response to the people’s needs.
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HE National Spatial Strategy proposed network of settlements under the 20172025 Philippine Development Plan envisions Cagayan de Oro as the country’s 4th Metropolitan Center after Manila, Cebu and Davao by 2025.
P2.8-B WATER SUPPLY PROJECT. Cagayan de Oro City Mayor Oscar S. Moreno (4th from left) and Metro Pacific chairman Manuel V. Pangilinan lead the ceremonial signing of a bulk water supply agreement between the Cagayan de Oro City Water District and Metro Pacific Water Investments Corporation (MPW) on Tuesday, August 15, at Shangri-La Hotel in Makati. Also witnessing the agreement are (L-R) Ramoncito S. Fernandez, CEO, Maynilad Water Services Inc.; Jose Ma. K. Lim, CEO, Metro Pacific Investments Corp.; Atty. Laurence R. Rogero, Pres., Metro Pacific Water; Rachel M. Beja, GM, COWD and Eduardo Montalvan, Chairman of the Board, COWD.
However, if things go according to plan, Cagayan de Oro will have one big fat advantage over its three predecessors: a sustainable supply of potable water that can keep pace with its growing population. This vision took a giant step Tuesday after the city’s water distributor Cagayan de Oro City Water District
(COWD) signed a joint venture agreement with MetroPac Water Investments C or poration (MPW), a wholly-owned subsidiary of Metro Pacific Investments Corporation (MPIC) for the supply of bulk-treated water to address the increasing demand of Cagayan de Oro City. read full story/PAGE 10
Mindanao island still free of bird flu: poultry growers By ANTONIO L. COLINA IV, MindaNews
DAVAO City – Amid the outbreak of the H5 strain of avian influenza in San Luis, Pampanga in Central Luzon, a poultry grower in Davao Region, the sixth largest producer of chicken
6.5% growth THE Philippine economy accelerated 6.5 percent in the second quarter of 2017, making it still one of the best-performing economies in Asia. Last quarter’s growth followed China’s 6.9-percent growth, but overtaken Vietnam’s 6.2 percent and Indonesia’s 5-percent growth rates during the period. “We are well on track to meeting our full-year target growth of 6.5 to 7.5 percent,” said Socioeconomic Planning Secretary Ernesto Pernia in a press briefing at Luxent Hotel in Quezon City. The Philippine Statistics Authority (PSA) reported that industry recorded the fastest growth at 7.3 percent.
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meat in the country and the second in Mindanao, assured that there is “no need to panic” because Visayas and Mindanao remain free from the infection. free/PAGE 11
NGCP plays major role in WESM M’danao launch
BIRD FLU-FREE MINDANAO. Transporting chicken in rural Mindanao. mindanews file photo by bobby timonera
Marawi crisis fails to dampen investments coming to Armm By EDWIN FERNANDEZ, PNA
THE Marawi Crisis did not stop investors from pouring in capital in the Autonomous Region in Muslim Mindanao (Armm, investment officials Thursday said. The Regional Board of
Investments (RBOI-Armm) announced the approval of a P129-million port related services in Parang town in Maguindanao, about two hour drive from Marawi City. Lawyer Ishak Mastura,
RBOI-Armm chair, said the Bangsamoro Terminal Services Inc. (BTSI) based at Polloc Freeport in Parang invested in this project to provide efficient logistics support to the thriving businesses in the provinces of fails/PAGE 11
STATE-OWNED National Grid Corp. of the Philippines (NGCP) has paved the way for the successful launching of the Wholesale Electricity Spot Market (WESM) in Mindanao, a milestone for the Mindanao grid. In recent years, the Mindanao grid suffered
rotating brownouts due to generation deficiency. However, the entry of large generators significantly i n c re a s e d s upp ly, n ow creating a sur plus and prompting the extension of WESM operations to Mindanao. With NGCP’s WESM/PAGE 11
The electronic board reflecting the operation of the Wholesale Electricity Spot Market (WESM) in Mindanao
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Davao City tourist arrivals picking up DAVAO City – The number of tourist arrivals in Davao City is picking up after suffering losses in May, the City Tourism Operations Office reported. City Tourism Officer Generose Tecson said most hotels are fully booked since the early days of the month, which is a very welcome sign. Tecson said the city has about 10,000 rooms, including accommodation in pension houses and similar other categories. Of the total rooms, about 3,200 are accredited by the Department of Tourism (DOT). In comparison to
arrival in 2016, Tecson said the city has more arrivals this year. The city’s target arrival for 2017 is two million. During the first half of the year, she said arrivals already accounted to 930,136 or an increase of 3.6 percent compared to 896,983 in the same period last year. She admitted however that there was a drop in June when martial law was declared but the arrivals has started to pick up starting July maybe because there is confidence to travel here is back. The city has also beefed up tourism promotions tourist/PAGE 9
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MisOr quarantines security vs bird flu virus intensified M ISAMIS Oriental – Due to the possible threat of a spillover of Avian Influenza or commonly known as Bird’s Flu virus that reportedly hit the Province of Pampanga, the Misamis Oriental Provincial Agriculture Office (PAO) has tightened its defense against the entry of live and frozen poultry products from Luzon areas. But Governor Bambi Emano said he has ordered PAO chief Dr. Benjamin Resma to double their security
in the quarantines in Lugait and Magsaysay towns even before the reported virus attack in Pampanga to ensure that locally produced poultry products will reach the market safe. Poultry products, live or frozen, from Luzon areas accordingly are already banned from reaching the local markets in Visayas and Mindanao islands. Dr. Resma, meanwhile, is urging the public particularly those poultry raisers to be cautious and report any incident such as sick chickens for them to
immediately act upon. Resma though clarified that there is no Bird’s Flu virus infections reported yet in Misamis Oriental, “and hopefully, there will never be.” Governor Emano, on the other hand, said the reported virus infection in Pampanga would mean a bit advantage to the local poultry producers in Misamis Oriental. “Wala pay nadungog nga virus infection sa atong mga poultry products. Apan akong pahasubo didto sa Pampanga kay lagi naigo sila sa Bird’s Flu virus, diin nag-produce sila
sa 13,000 ka itlog sa Itik matag adlaw, apan dili makagawas tungod sa infection. Mas naay sales atong local producers kung magkulang ang ilang supply (in Luzon),” Governor Emano said. (There is no known virus infection in our poultry products yet. But my apology for Pampanga as accordingly they’ve been hit by the Bird’s Flu virus, where they produce 13,000 duck eggs daily, but couldn’t be released due to the infection. Our local producers are more likely to sell if they (Luzon) run out of security/PAGE 9
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
The award-winning performance of Mara Castro during Johnson and Johnson’s My Mom Got Talent last Sunday at Gaisano City Mall in Cagayan de Oro City. PHOTO COURTESY OF RANDY REDONDO FOR MARA CASTRO
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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Del Monte’s folly
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Ruffy magbanua THIS assumption could be wrong, but are expired processed foods in cans dumped in open lots years back still pose danger to the environment ? A re “c a s e d go o d s “ deliberately buried in the late 80’s and 90’s¬, hazardous to health? Hav i ng s ai d t hat , a hands-on experience on the dumping of expired processed Del Monte products in an open area near Alae, Cagayan de Oro is what keeps my conscience pestered– until now! While working at Del
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Good family man think a minute
jhan tiafau hurst Think a minute…Ever hear someone say, “He’s a good family man.”? But what really is a good family man? Do you ever stop and think, Dad, what your job at home actually is? A family man must do many things, of course; but let’s talk about 3 important responsibilities of a good husband and father. First, he serves as the main family provider. No one even questioned fifty years ago that it’s a man’s primary responsibility to financially take care of his family and pay their bills. So even though many wives and mothers need to work outside the home, a man should never become lazy and expect his wife to do his job and responsibility of making sure the family’s financial needs are met. A s e cond imp or t ant
responsibility of a family man is to ser ve as their leader. It’s often said that “two captains sink the ship,” or “two cooks spoil the broth.” Dad needs to be wise and responsible enough to ma ke t he imp or t ant decisions for the family, after talking with his wife and children and carefully considering their needs and feelings. Sadly, many men like to be the boss, but they’re selfish and unkind to their own family because their decisions often are just for their own pleasure and preferences rather than serving the needs of their wife and children. They just like to use their authority to rule like a king instead of being responsible as a loving husband and father. And finally, a father’s job is to teach his children right living both with his lips and his life, both with his words and his example. A father is responsible to prepare his children to be mature human beings as God planned them to be. A father should equip his children to become happy, successful adults with Godly character. This means he must be their example of a good, Godly man who deeply loves God hurst/PAGE 9
Known as open dumps, these sites can be found far and wide—mostly in urban centers like Cagayan de Oro. Further, the study reveals that an open dump is an illegal waste disposal site and should not be confused with a permitted city solid waste landfill or a recycling facility. If allowed to remain that way, open dumps grow larger, and may attract dumping of both solid and hazardous wastes. Open dumps pose the health, safety, and environmental threats: fire and explosion, inhalation of toxic gases, injury to children playing on or around the dump site, disease carried by mosquitoes, flies, and rodents, contamination of streams, rivers and lakes, contamination of soil and groundwater, contamination of drinking water, damage to plant and wildlife habitats. decrease in the quality of life to nearby residents and the local community.
Open dumps create a public nuisance as well, divert land from more productive uses, and depress the value of surrounding land. Causing or allowing open dumping is illegal, and may result in substantial penalties. Any of the following seven conditions at a dump site can result in the issuance of penalties: litter, scavenging, open burning, placement of waste in standing or flowing water, promoting an increase of disease-carrying organisms, standing or flowing liquid discharge from the dump site and deposition of construction or demolition debris. Local law enforcement and public health officials have a duty to enforce open dumping laws, including provisions of the Environmental Protection Act. Cities and municipalities may imp ose additional penalties for open dumping. Protect yourself against future open dumping: put up barriers (locked cables and del monte/PAGE 9
Power from the Word of God, the Bible
Member:
Oro Chamber
Monte in Bugo, Cagayan de Oro as media relations supervisor and publications editor, I had an unfortunate assignment to ‘assist ‘ in the dumping of such expired products by the truckloads. I was told beforehand that those expired cased goods, kept in commercial warehouses in the city had to be disposed discreetly – far from the quizzical eyes of the local media. For the lack or absence of designated landfill, an open field had to be utilized, a practice which I would like to ask the Del Monte management: are you still into it? Or are you now out? Study shows that wastes like abandoned piles of household garbage, bags of yard waste, cased goods, appliances, old barrels, used tires, and demolition debris such as lumber, shingles, pipes and asbestos can threaten the health of humans, wildlife, and the environment regardless of time element.
LIFE’S INSPIRATIONS: “… Keep this Book of the Law always on your lips;meditate on it day and night, so that you may be careful to do everything written in it. Then you will be prosperous and successful…” (Joshua 1:8, the Holy Bible). -ooo POWER FROM THE WOR D OF G OD, T H E B I B L E : To d a y, l e t u s inculcate in our minds Biblical principles that give power to everyone who reads its verses, meditate on them,
and dutifully comply with each and every command that come from the verses. This column is intended to inform all believers that the Bible is the power of God for the salvation of all who believe. Romans 1:16 says exactly that: “For I am not ashamed of the Gospel because it is the power of God for the salvation of all who believe…” Then, we are assured that the Word of God, the Bible, is living and active, sharper than any double-edged sword, and it has the power to penetrate the part where bones and marrows separate, and where the soul and spirit are joined. It also gives the power to judge the thoughts and att itu d e s of t h e h e ar t . Putting the word of God found in the Bible in our hearts and minds will give us more days in our lives, prolonging our lives many
years. It also empowers us to receive all the things that we could ever need in this world. -ooo READING AND OBEY I NG T H E BI BL E GIVE BLESSINGS: Indeed, the Bible tells us that God has a wonderful plan for all His believers. God says, He knows the plans He has for us, plans that will not harm us, but plans that will give us hope and a bright future. We are told that if we want to achieve riches, victor y and success, we should not forget to read the Bible daily, to meditate on it day and night, and to obey its commands every second of our lives. If we read it daily, study it day and night, and fulfill the directives it gives us, we shall become prosperous and successful. Reading the Bible and ob e ying it als o gives a believer untold blessings,
guidance, and protection from God. The assurance to all believers is that if they listen to God and obey Him sincerely, they will be raised high above all others, and blessings upon blessings shall be heaped upon them. -ooo B U T, D O N ’ T J U S T READ: OBEY THE BIBLE, TOO: A word of caution must b e s aid ab out a l l these however. A more perceptive reading of the Bible will show that in its entirety, it contains many great and awesome prom i s e s of b l e s s i n g s , guidance, and protection but that all of these promises are dependent upon the fulfillment of the conditions attached to these blessings. The condition is that, we should endeavor to obey the commands of God all the time. No blessing, guidance, or protection can ever come to anyone, whatever his or batas/PAGE 9
Yes, there’s a forever hints and traces
roy cimagala The Solemnity of the Transfiguration of the Lord somehow reminds us that there is a forever. When Christ transfigured himself before his three apostles Peter, James, and John, he tried to reassure them not to worry about what was going to happen to him on the following days.
Yes, t here wou ld b e e x t re me su f fe r i ng t hat would end in Christ’s very miserable death on the cross. But all this would be nothing compared to what would happen after his death. And with his resurrection, there would be life everlasting -a forever. This forever is actually meant for all of us also, since we have been made in God’s image and likeness. Even if we damaged that original divine image in ourselves, that image has been repaired by Christ himself who showed us how to handle precisely our damaged condition. This reassurance of our eternal life with God should lead us not to be afraid to take up commitments
in our life here on earth. Despite our limitations, not to mention our sins and mistakes, we can still take those commitments because God will provide us with everything that we need to carry them out. We s h o u l d b a n i s h whatever fear we have of making commitments and of eternal life itself. Let’s keep our faith in Christ strong, and continue to boost our hope in achieving the promises of Christ for all of us, in spite of whatever. In fact, by taking up commitments we would be showing the strength of our fait h, hop e and love in God and in others. We would be willing to undertake an adventure, cruising uncharted seas and
exploring the dark side of the moon, if need be. For sure, we are capable of entering into a commitment, because we have both the intelligence and will that will enable us to know what we are committing ourselves into and to want it for good or for a time, irrespective of the changing circumstances and developments that may be propitious or not to us. Entering into commitment can only show determination on the part of the one assuming it, a determination that can only spring from love, from one’s self-giving to another. It is a promise that is taken very seriously, just like what a marrying couple would promise to each other cimagala/PAGE 9
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CorporateWorld
Jollibee net income up 10% to P3.4-B in first-half of 2017
J
OLLIBEE Foods Corp. (JFC) posted a net income of P3.38 billion in first half of 2017, up 10.2 percent from P3.06 billion in the same period in 2016. JFC’s system wide retail sales, which include companyowned and franchised stores, grew 13.5 percent amounting to PHP 81.08 billion in H1 2017 from P71.45 billion in the same period last year.
In a disclosure with the Philippine Stock Exchange disclosure Monday, the company attributed the strong growth from increased profit in its foreign businesses and joint ventures, as well as lower losses and income taxes. It was also noted that its businesses in all regions such as China, North America, Southeast Asia, and the
Middle East generated higher profits compared to last year’s figures. At end-June 2017, JFC has a total of 3,570 stores -- 2,701 in the Philippines and 869 stores abroad. J F C ’s br ands a c ro ss the globe include Jollibee, C how k i ng , Gre e nw i ch , Red Ribbon, Mang Inasal,
Burger King, Yonghee King, Hong Zhuang Yuan, Dunkin Donuts, Highlands Coffee, Pho, and Hard Rock Cafe. JFC a ls o has st a kes in Hotpo in China and Smashburger in United States. These joint ventures are not included in JFC’s consolidated store count. (PNA)
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Starmalls income up 36% in 2nd quarter STARMALLS, Inc. grew its attributable profit by 36% in the second quarter of 2017, as it experienced higher occupancy at its existing shopping centers alongside an aggressive expansion program. In a regulatory filing, the company owned by Vista Land & Lifescapes posted a net income attributable to the parent of P502 million during the second quarter, higher than
Cebgo to launch int’l flight from Zamboanga CEBU PACIFIC is adding four new routes, including the Cebgo’s first international route from Zamboanga City to Sandakan, Malaysia. In a statement, Cebu Pacific said it will start a thrice-a-week Kalibo-Clark flight on Oct. 30. The flight will depart from Clark on Mondays, Wednesdays and Fridays, while the return flight fromKalibowillleaveonTuesdays, Thursdays and Saturdays. Its subsidiary Cebgo is expanding its inter-island connectionsfromCagayandeOro (Laguindingan) Airport. Cebgo will launch flights from Cagayan de Oro to Boracay (Caticlan) and to Dumaguete three times a week, starting Oct. 20. Cebgo is also launching its
first international flight from Zamboanga with the four times weeklyflighttoSandakan,Malaysia beginning Oct. 29. The flight departs from Zamboanga on Tuesdays, Thursdays, Saturdays and Sundays. This would make Cebgo the onlyPhilippinecarrierwithadirect service between the country and Sandakan. “Sandakan has had centuries of trade and cultural linkage with the southern Philippines, and we are especially proud to put in place infrastructure to further enhance these ties. Now, the previous 14hour travel by sea is cut down to just a 40-minute airplane ride,” Alexander Lao, Cebgo President and CEO, was quoted as saying in a statement.
El Salvador City tourism officer Jeen Elleen Grace Lopez huddles with (from left) newly-crowned first runner-up Kimberly Jay Tundan, Binibining Kabataan Andrea Leslie Seronay, Bb. El Salvador 2017 Hannah Mae Endrina, Bb. Eco-Tourism Rose Ann Igloria and second runner-up Rhea Balasabas. photo supplied
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the P369 million it realized in the same period in 2016. Revenues likewise jumped 26% to P1.36 billion, as the Villar-led firm continued expanding their leasable portfolio. This was driven by a 19% rise in rental income to P1.31 billion for the April to June period. “The Company’s growth rate was robust as our expansion programs are already contributing to our financial performance in addition to the increased rental revenues from our existing malls brought about by favorable rental reversions and increased occupancy,” Starmalls President Jerry M. Navarete was quoted as saying in a statement. For the first six months of the year, Starmall’s attributable profit stood at P985 million, 36% higher than the P719 million delivered in 2016’s January to June period. This follows a 36% climb in revenues to P2.72 billion for the first semester, driven by a 30% increase in rental income. Starmalls ended the first semester with a total of 17 commercial assets under its network, with plans to ramp up expansion of malls within the company’s existing landbank. The company is also eyeing to tap Vista Land’s more than 600-hectare landbank in the country which has potential for commercial development.
6 PHIVIDEC Industrial Authority signs a 25-year Lease Contract with NUTRIMAX FRESH-BAKED INC. P Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
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HIVIDEC Industrial Estate Special Economic Zone (PIE-SEZ). The PHIVIDEC Industrial Authority (Phividec IA) signed a 25-year Lease Contract and Registration Agreement with NUTRIMAX FRESH-BAKED INC. on August 14, 2017. Nutrimax is a corporation registered with the Securities and Exchange Commission. The location of Nutrimax inside the PHIVIDEC Industrial Estate signifies that the PHIVIDEC IA is part of the growing number of Institutions supporting ASEAN Integration. Nutrimax being a wholly owned subsidiary of Gardenia International Pte. Ltd., Singapore is one of the cutting edge Business Institutions advancing ASEAN and even Austro Asian Integrations. As early as 1983-1996, Gardenia became the first commercial bakery at Pandan Loop and it rose as the market leader in Singapore. It then expanded operations in countries such Malaysia, Thailand and Australia. Nutrimax with an investment of Php 855.7 million will put up a toll manufacturing and distribution plant for bread and bakery products, beverages and other food products. It’s main client is Gardenia Bakeries Philippines, Inc. with a volume forecast of 12.3 M packs for Year 1 and will increase to 33.4 M packs in Year 5. The company will employ 114 people at the start of operation and 193 after 3 years. The Construction will commence 2 months from the signing and Production will start 14 months from now.
PHIVIDEC Industrial Authority and Nutrimax Fresh-Baked Inc. Contract Signing, PIA Auditorium - L-R: Mr. Alvin D. Delos Santos (COO, Nutrimax), Mr. Simplicio P. Umali Jr. (President, Nutrimax) and Atty. Franklin M. Quijano (PIA Administrator)
L-R: Mr. Alvin D. Delos Santos (COO, Nutrimax), Mr. Simplicio P. Umali Jr. (President, Nutrimax) Atty. Franklin M. Quijano (PIA Administrator) and BGen Alan R. Arrojado (PIA designated Deputy Administrator for Operations)
NUTRIMAX FRESH-BAKED INC. breaks ground in PHIVDEC Industrial Estate Special Economic Zone
Nutrimax Fresh-Baked Inc. GROUNDBREAKING, Sta. Cruz, Tagoloan, Misamis Oriental. L-R: Ms. Ma. Carmela Santos (Nutrimax), Atty. Franklin M. Quijano (PIA Administrator), Mr. Simplicio P. Umali Jr. (President, Nutrimax), Mr. Alvin D. Delos Santos (COO, Nutrimax) and Mr. Arnel Compendio (Nutrimax)
NUTRIMAX FRESHBAKED INC. a wholly owned subsidiary of Gardenia International Pte. Ltd., Singapore hold a ceremonial ground breaking on August 14, 2017 inside the 2.5-hectare leased area in Sta. Cruz, Tagoloan, PHIVIDEC Industrial EstateSpecial Economic Zone (PIE-SEZ). The
groundbreaking was done by the PIA Administrator, Atty. Franklin M. Quijano, Nutrimax President, Mr. Simplicio P. Umali Jr. and Nutrimax COO, Mr. Alvin D. Delos Santos. The proposed Nutrimax plant inside PIE-SEZ will be the first in Mindanao and third plant of Gardenia in the entire Philippines.
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Rosy PH growth seen to continue, says BSP B angko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. is optimistic the Philippine economy will continue to grow in the medium term following its 6.5 percent expansion in the second quarter of 2017. The Philippine Statistics Authority (PSA) on Thursday reported faster domestic expansion, as measured by gross domestic product (GDP), in April to June this year from the 6.4 percent growth in the previous three months. Growth for the quarter was driven by the manufacturing, trade, real estate, renting and business activities. Year-ago GDP, however, was higher at 7.1
percent. The latest GDP level resulted in a 6.4 percent output in the first half of the year, near the lower end of the government’s 6.5 to 7.5 percent growth target for the year. Espenilla, in a message to reporters Thursday, said domestic output in the second quarter this year “confirms our view that the Philippine economic expansion remains robust.’ “The agricultural
sector rebounded while industry, particularly manufacturing, recorded strong growth,” he said. PSA data show that the agriculture sector rebounded and grew by 6.3 percent in the second quarter this year from two percent decline a year ago. Industry rose by 7.3 percent, the fastest among the sectors. Domestic expansion in the second quarter this year, Espenilla said, “is in line with the BSP’s expectations and is consistent with the within-target inflation forecast for this year.” The central bank expects robust domestic growth to continue but does not expect this growth to bring in inflationary pressures.
In the first seven months of the year, rate of price increases averaged at 3.1 percent, slightly above the mid-point of the government’s two to four percent goal for 2017 to 2020. “The firm economic momentum during the first half of the year alongside favorable business and consumer sentiment should augur well for the expansion of the economy over the near to medium term,” Espenilla said. “The BSP will continue to closely monitor economic and financial developments and stands ready to adopt policies to achieve its mandate of preserving price and financial stability,” he added. (PNA)
BSP chief cites peso’s resiliency THE Philippine peso is again testing its 11year low to a US dollar but continues to remain firm given the country’s strong macroeconomic fundamentals, Bangko Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla said. On Wednesday, the local currency finished the day at 51.35, almost unchanged against its previous day’s 51.34 finish but almost hit 51.38, its weakest since Aug. 25, 2006. Espenilla, during the Senate hearing on the proposed 2018 national budget on Wednesday, said
“the recent depreciation of the peso partly reflected market concerns on the turn to deficit of the country’s current account balance despite the fact that macroeconomic fundamentals remain sound.” As of end-March this year, the country’s current account registered a deficit of $318 million, equivalent to 0.4 percent of gross domestic product (GDP). Espenilla, however, said that “in the foreign exchange market, firm macroeconomic fundamentals will continue to provide stability to the peso
despite the recent spate of depreciation pressures.” As of the first quarter of 2017, the domestic economy continues to post above six percent growth, as measured by gross domestic product (GPD), with the exact level at 6.4 percent. This growth was lower than year-ago’s 6.9 percent and quarter-ago’s 6.6 percent but was in line with the 6.2 percent average growth in the last six years. Espenilla pointed out that in terms of real effective exchange rate, the local currency has “gained external price
Filipinos becoming e-payment savvy: survey FILIPINOS are becoming tech-savvy in their payment attitudes, an official of a global payments technology said, as he sees strong opportunities for banks to make leaps in terms of delivery of paymentrelated products. Results of the 2016 Visa Consumer Payment Attitudes Survey showed a big improvement on Filipinos’ appreciation of the electronic payment system, with six out of the 10 respondents saying they prefer electronic payments rather than paying in cash. This number translates to a 57 percent outcome, up from 46 percent during the similar survey done five year ago, Visa Country Manager for the Philippines and Guam Stuart Tomlinson said in
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Banking&Finance
a briefing Wednesday. The survey was done online and participated in equally by about 3,000 persons aged 18-55 years old from six Asian countries namely the Philippines, Singapore, Malaysia, Thailand, Indonesia and Vietnam. Results for the Philippines alone showed that 49 percent of Filipinos are carrying more cards and 29 percent carry less cash since they consider e-payments safer than carrying cash. It also showed that 71 percent of Filipinos shop online at least once a month, up 11 percent compared to the previous year, as digital shopping attracts more people. Most of these online transactions involve bills payments and purchases of personal electronics,
fashion and accessories, travel and beauty and cosmetics. Data from the VisaNet showed that e-commerce in the Philippines is growing above 30 percent yearon-year. “This indicates strong electronic payment opportunities in the future,” Tomlinson said. The Visa official said that although e-commerce continues to rise in the Philippines, e-payments only account for about nine percent of consumer spending. “Our study shows the majority of Filipinos prefer to use electronic payments, so we’re focused on driving greater education, merchant acceptance, and introducing new payment innovations to help them make this savvy/PAGE 9
competitiveness against its trading partners due to the combined effects of the peso’s nominal depreciation and lower consumer prices against these currency baskets.” “The peso is also expected to be broadly stable for the medium- to long-term,” he said. Economic managers’ 2017 peso-dollar assumption is a range between 48 and 50 while it is 48-51 for 2018-22, with the projected weaker range for next year until 2022 due to the impact of the on-going normalization of US interest rates. The BSP chief said monetary officials remained optimistic on the local currency given the projected strong inflows of remittances from Overseas Filipino Workers (OFWs), among others. Cash remittances from OFWs grew by 4.7 percent year-on-year to $13.81 billion in the first half of 2017 while total remittances, or including the value of in-kind remittances, went up 5.5 percent year-on-year during the same period to $15.36 billion. Both growth levels are higher than the four percent full year assumption of the central bank for 2017. “We project continued strong inflow of remittances from overseas Filipino workers from increasingly diversified geographical locations,” Espenilla said. The central bank chief said “it is also worth noting that the recent decline in the peso resiliency/PAGE 9
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MISS CAGAYAN DE ORO 2017 CANDIDATES AT SM CDO DOWNTOWN PREMIER. The twelve lovely Miss Cagayan de Oro 2017 candidates took the center stage of SM CDO Downtown Premier on August 12 wearing the elegant gowns of CDO’s top fashion designers - Mark Christopher Yaranon, Alma Mae Roa, Alexa Amico Patriana, Ruvil Neri, Juniel Doring, Benjie Manuel, Gil Macaibay III, Mavy Cooper de Leon, Joshua Guibone, Alquin Cap-atan and Kiko Domo.
Marawi rehabilitation needs comprehensive plan, multilateral coordination By Stephen Pedroza
C
AGAYAN DE ORO CITY, Philippines — In a roundtable discussion on Friday, August 4, dubbed as “Rehabilitation and Recovery of Marawi City: Taking Steps Forward,” representatives from various sectors drew together to address the concerns brought about by the ongoing crisis in the capital of Lanao del Sur. Former United Nations Development Programme (UNDP) senior technical advisor for Yolanda recovery, Adam Marlatt, in his presentation, drummed the urgency for the creation of a comprehensive, multiagency rehabilitation plan. “As the final movements are made by the Armed Forces of the Philippines (AFP) to secure [Marawi City], immediate measures must be taken ensuring good transition and rehabilitation phase,” he said. Marlatt, an American Marine Reserve Infantry Sergeant and founder of Global Disaster Immediate Response Team (DIRT), said that the Marawi crisis needs “early recovery planning including the launch of a cluster system as well as implementing immediate projects to coordinate, de-conflict, and identify critical needs.” This rehab engagement, Marlatt said, must involve an intensive coordination among all Philippine agencies, private sector actors, non-government organizations international NGOs, and international governments’ stakeholders. Crises, such as this
NGCP plays major role in WESM Mindanao launch
COMPREHENSIVE PLANNING. Former UNDP senior technical consultant for Yolanda recovery, Adam Marlatt, talks on the urgency for the creation of a comprehensive, multi-agency rehabilitation plan, saying, “As the final movements are made by the Armed Forces of the Philippines (AFP) to secure [Marawi City], immediate measures must be taken ensuring good transition and rehabilitation in the response and recovery phase.” Photo by Jinky Mejica of The Crusader Publication.
in Marawi, are not new to Marlatt. Using the skills he learned on the battlefield, on a District Stability Team with the US State Department, he has deployed his team in the immediate aftermath of disasters to provide technical solutions, medical assistance, and coordination support. Among his team’s interventions included Haiti, Pakistan, New Zealand, Japan, and the tri-state area after Hurricane Sandy. In the recovery phase, Marlatt shared a few points on how to go forward: After immediate actions taken, [psychosocial] projects should be implemented to change the culture of Marawi City and its reintegrated residents. Expand the economic activities
(including agricultural, industrial, and technical programming) to allow for the transition from illicit work opportunities to trade skills. Engage with the private sector on the facilitation of long-term activities to expand opportunities while reducing extremism and illegal activities in the area. Humanitarian assistance As the discussion was aimed at examining possible long-term interventions towards rebuilding Marawi from the rubble, Negosyo Para sa Kapayapaan sa Sulu consultant Gabriel Malvar’s talk centered on the complexity of the issue, including its sociopolitical, cultural, and economic aspects and consequences. “We need to look at the issues in the Marawi crisis from various perspectives.
… This is a combination of various factors in the past and present. The innocent civilians are the ones caught in the conflict,” he said. Head of Provincial Disaster Risk Reduction Management Office (PDRRMO) - Lanao del Sur Saripada Pacasum Jr presented updates on the developments of the relief operations of their counterpart in Autonomous Region in Muslim Mindanao (ARMM). Pacasum reported that as of August 3, around 1,758 civilians have been rescued by ARRMPDDRMO. LTC Rosendo Abad Jr (GSC PA) shared on the Marawi Command Center’s progress in handling the Marawi crisis, saying that various local and national government coordination/PAGE 9
NGCP has paved the way for the successful launching of the Wholesale Electricity Spot Market (WESM) in Mindanao, a milestone for the Mindanao grid. In recent years, the Mindanao grid suffered rotating brownouts due to generation deficiency. However, the entry of large generators significantly increased supply, now creating a surplus and prompting the extension of WESM operations to Mindanao. With NGCP’s support, WESM Mindanao was officially launched in June. “From its inception to its launch, we are very proud to be a part of this major development in Mindanao power operations. In line with our mandate to provide the best transmission services, we are always eager to support initiatives which will improve the grid’s power situation,” stated NGCP. NGCP’s biggest and most crucial contribution is the development of the Interim Mindanao Dispatch Protocol (IMDP). This was implemented during the transitory period in preparation for the start of WESM’s commercial operations in Mindanao. As part of the IMDP, NGCP developed a
website for generators and load customers to submit their available supply and forecasted demand. After collating the submitted data, the website enables NGCP to publish the demand profiles and Generation-to-Maintain Matrix, a summary of the daily capacity allocation per hour for each individual, for the reference and use of players in the Mindanao electricity market. The website also allows NGCP to monitor the actual load per customer in real time, which provides NGCP a better understanding of how to manage the balance of supply and demand in order to ensure reliable delivery of power transmission services in the area. NGCP also handled the installation of metering software and hardware to the market participants. At present, NGCP and PEMC continue to closely coordinate and share data to ensure the smooth implementation of the new system. NGCP is a Filipinoled, privately owned company in charge of operating, maintaining, and developing the country’s power grid, led by majority shareholders Henry Sy, Jr. and Robert Coyiuto, Jr.
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Thursday|august 17, 2017
Security... from page 2
supplies). The governor encourages about 143 local poultr y growers in Misamis Oriental to produce more by availing the technology he got from a friend in Pampanga that is already applied by the PAO, for them to be able to supply the demand while the Luzon province is besieged by the said virus. (PIO)
Tourist... from page 2
even putting billboards b e ar i ng D av a o e ve nt s , activities and destinations in Manila, Bacolod and Cebu. T h i s i s p ar t of t h e Kadayawan Festival promotional campaign. The holding of conventions has also been put on schedule. Tecson said she is happy with the increasing number of visitors and hopes this will continue. As foreign visitors comprise only about 10 per cent of the total figure, she is hoping foreign tourists will visit Davao City especially when the Kuala LumpurDavao direct route of AirAsia starts in December. Tecson said that the tourist both domestic and foreign spends about P7,000 per visit for 3 days and 2 nights stay. M e a n w h i l e , Te c s o n we l c om e d t h e v i s it of a group of millennials from Manila who worked as software engineers in Taguig’s McKinley area for a multinational IT company. The group is now seeing a different perspective about Davao City after ending a four-day visit here this week. First time Davao visitors John Montano and Kimberley Ann Gonzales from Quezon City were not scared anymore while Erika Demanarig of Antipolo City and Paolo Polondey of Marikina City who came for a return visit never changed their mind of putting off Davao among their must visit destinations this year, together with their officemate Jose Banzon III, a native of Davao City. Montano said he makes sure to correct the wrong impression that people in Manila think about this place, blessed with rich natural resources, good food, nice people, a very peaceful place, a clean city and awesome diving sites. “With our happy and fun experience we will come back to Davao City and make sure we will time our next visit during the Kadayawan Festival,” the young software engineer said. (Digna D. Banzon/PNA)
Hurst... from page 4
and cares about others. He needs to show love and respect for their mother, so they will too. A father must have honest character that his children see is always honest, even if he can get away with a little cheating or lying. But a father also explains to his children why God’s ways are the
only true, right ways to live a successful, satisfying life. This includes taking his family to church every week, as well as praying and reading the Bible every day, which is God’s manual for living. Think a Minute…
Del Monte... from page 4
gates) to prevent physical access to the property, post warning signs such as “no dumping” or “no trespassing”, clean up dump sites immediately to discourage further dumping, notify local law enforcement and health departments as well as keep a log book, record the date, time and description of what is dumped. Moreover, ask local law enforcement officials to patrol the problem area more frequently, alert adjoining property owners of the open dumping problem and enlist their help in a neighborhood watch program. The dumpers and generators of the waste are liable and subject to enforcement action. Further, the landowner has a duty to prevent open dumping and to clean up any pollution on their property. They say old habits die hard. In this case, Del Monte has to prove to all and sundry that indeed such habit of dumping wastes is a thing of the past. Right, Virginia? (ruffy44_ph2000@yahoo. com)
Batas... from page 4
her religion maybe, if he or she does not completely obey God’s commands. Obedience is the key to unlocking and delivery of the promised blessings. Let me just cite one example, the one which is found in John 3:16. The promise here is two-fold: a believer will no longer perish, and will have eternal life in Paradise. But these promises will be given only if we fulfill the condition that is required by John 3:16, which is to have faith in Jesus. Do you have faith--true faith, I mean---in Jesus? -ooo WAT C H “A N G TA N G I N G DA A N” AT FACEBOOK: “Ang Tanging Daan” is a Bible exposition and pr aye r s e ss i on for everyone, in English and Filipino, 24/7, worldwide, t h at c a n b e v i e w e d at w w w. f a c e b o o k . c o m / angtangingdaan. Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.
Cimagala... from page 4
on their wedding day-”to have and to hold, from this day forward, for better, for worse, for richer, for poorer, in sickness and in health, until death do us part.” As such, a commitment can truly be considered as proper when it is inspired by God’s love, since it is God’s love that is its source
and pattern. God is always faithful to us, as can be gleaned from the Book of Lamentations: “The steadfast love of the Lord never ceases. His mercies never come to an end. They are new every morning. Great is your faithfulness.” (3,22-23) A n d e ve n i f we are unfaithful to God, God will still be faithful to us, as St. Paul tells us in his Letter to the Romans: “What if some were unfaithful? Does their faithlessness nullify the faithfulness of God?” (3,3) We need to inculcate this sense of commitment among the youth since they are the ones most affected by the current prevailing environment of disloyalty, infidelity, and promiscuity. S ome have gone to the extent of equating being non-committed with being free, when in fact being non-committed can only make them held captive and enslaved by self-seeking forces. If entered into out of love of God, there will never be regrets. Even if the outcome may appear to be disadvantageous, such disadvantage will only be apparent and would only be so if seen in purely human and worldly terms. In the eyes of God, such commitment can only be good to us irrespective of worldly and temporal consequences. Taking up a commitment is proof of our belief in the forever. roycimagala@gmail.com
Savvy... from page 7
preference a reality,” he said. T h e B ang ko S e nt r a l ng Pi lipinas (BSP) has teamed-up with banks for its National Retail Payment System (NRPS) program, eyed for implementation in the third quarter of 2017. NRPS is t argete d to increase electronic payment usage from the current one percent to around 20 percent of total payments by 2020 through seamless, c onv e n i e nt , a f f ord a b l e and secure fund transfers between banks and electronic money (e-money) accounts. “We are very supportive of what the BSP is doing,” Tomlinson said, citing that this program will further boost the domestic economy. (PNA)
Resiliency... from page 7
should have minimal effects on the countr y’s macroeconomic conditions over the medium term.” He said a peso depreciation will only have about 0.15 to 0.2 percentage points impact on inflation over a two-year period. “This limited impact gives the BSP flexibility to take a longer term view of the peso,” he added. As of e n d - Ju ly t h i s year, rate of price increases averaged at 3.1 percent, slightly above the mid-point
of the government’s two to four percent target range from 2017 to 2020. Last July alone, inflation posted an uptick to 2.8 percent from month-ago’s 2.7 percent on account of faster inflation of housing, water, electricity, gas and other fuels index as well as transport, education , and restaurant and miscellaneous goods and services indices. The central bank forecasts inflation to average at 3.2 percent this and next year and 3.1 percent for 2019. (PNA)
Coordination... from page 8
agencies have started collaborating with the Joint Task Group (JTG) on the rehabilitation. Abad also assured that humanitarian assistance, relief, and rescue are in full swing under the direction of the Joint Task Force Marawi and the National Emergency Operations Center (NEOC), through JTG Ranao and JTG Tabang. The children and their future For his part, Xavier Ateneo president Fr Roberto C Yap SJ told the group that the university is willing to provide venues and technical assistance for the discourse on the rehabilitation of Marawi City. XU has more than a hundred Muslim students and has recognized the interfaith efforts of the student group, Siraj Muslim Religious Organization. Xavier Ateneo’s Social Development Office and XU Central Student Government are also manning the # Ta b a n g M a r a w i r e l i e f operation at the XU Peace Park. As of this report, Tabang Marawi has already received more than Php4M worth of cash and in-kind donations. Besides emphasizing the importance of coordination from different public and private sectors to address the Marawi crisis, Yap re-echoed the words of Fr Bienvenido Nebres SJ (former president of Xavier University and Ateneo de Manila University). “Whenever we coordinate, we should put in our minds and hearts the children of Marawi. If we fail the children, we fail the future,” Yap said, expressing the university’s commitment as a convergence point of ideas and discussions for the rehabilitation efforts. XU’s vice-president for social development Roel Ravanera, in his closing remarks, also said that t he universit y remains s t e a d f a s t i n prov i d i ng context on the realities of Marawi crisis through social outreach, research, and inclusive engagements with different public and private organizations. The Marawi conf lict erupted on May 23, after a contingent of roughly 500 members of the ISIS-inspired Maute terrorist group attacked the city, resulting in over 500 deaths, displacement of more than 200,000 people, and billions worth of damage to property.
The national government targets to earmark at least Php10B initially for the Marawi rehabilitation and recovery. This roundtable discussion was made possible through the collaboration of Xavier Ateneo, Upsilon Sigma Phi of the University of the Philippines, and Presidential Communications Operations Office (PCOO) through Undersecretary Noel Puyat.
Guests included representatives from the P h i l ip pi n e A r my, O ro Chamber, Department of Agriculture - Region 10, Philippine National Police Northern Mindanao, Muslim Youth Council, Lanao del Sur Provincial Disaster Risk Reduction Management Office (PDRRMO), National Economic and Development Authority - X, and civil society organizations.
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Joint Venture eyes bulk water to sustain Cagayan de Oro’s growth
T
By Mike Baños
he National Spatial Strategy proposed network of settlements under the 2017-2025 Philippine Development Plan envisionsMetro Cagayan de Oro as the Philippines’ 4th Metropolitan Center after Manila, Cebu and Davao by 2025. However, if things go according to plan, Cagayan de Oro will have one big fat advantage over its three predecessors: a sustainable supply of potable water that can keep pace with its growing population. The first step towards the realization of this vision was taken Tuesday, August 15 when MetroPac Water Investments Corporation (MPW), a wholly-owned subsidiary of Metro Pacific Investments Corporation (MPIC) signed a joint venture agreement with the Cagayan de Oro City Water District (COWD) to organize a joint venture company which would undertake the supply of bulk treated water to address the increasing demand of Cagayan de Oro City. Metro Pacific Chair Manuel V. Pangilinan and Cagayan de Oro City Mayor Oscar S. Moreno led the ceremonial signing and project launch at a hotel in Makati. “Cagayan de Oro needs water, like many other areas in the Philippines,” noted Mr. Pangilinan. “We cannot continue relying on deep wells which are not environmentally friendly in the long run. So you really have to draw it somewhere else and treat it as well for the people.”
cmyk
Joint Venture The joint venture agreement was officially signed a day earlier at the Local Water Utilities Administration office in Quezon City by MPW President Laurence R. Rogero and COWD General Manager Rachel M. Beja. “This joint venture agreement will provide us with 100 million liters per day of potable water, more than enough to supply the more than 90,000 service connections of households and businesses in the City with safe, reliable, and potable water,” said Eduardo Antonio R. Montalvan, COWD Chairman of the Board:. “This additional volume will help us fulfill our mission as an excellent water service provider to the city and expand our service area to reach more people.” The JV Corporation shall mainly engage in the treatment of raw bulkwater (or purchasing treated bulk water) andsupplying treated bulk water to COWD; andto undertake the construction, rehabilitation,operation and maintenance of various waterproduction, treatment and transmissionfacilities and related infrastructure (includingbut not limited to reservoirs) Paid-in capital for the Cagayan de Oro Bulk
Ceremonial signing of a joint venture agreement between the Cagayan de Oro City Water District and Metro Pacific Water held 15 August 2017 at Shangri-La Hotel in Makati. (L-R). Ramoncito S. Fernandez, CEO, Maynilad Water Services Inc.;Jose Ma. K. Lim, CEO, Metro Pacific Investments Corp.; Atty. Laurence R. Rogero, Pres., Metro Pacific Water; Oscar S. Moreno, Cagayan de Oro City Mayor; Manuel V. Pangilinan, Chairman, Metro Pacific; Rachel M. Beja, GM, COWD and Eduardo Montalvan, Chairman of the Board, COWD.
Water Corporation has been set at P140-million (M) with Metropac Water Investments Corporation putting up P133-M for 95% equity and COWD P7M at 5%. In a disclosure filed with the Securities and Exchange Commission, Metro Pacific Investments Corporation revealed that MPW was awarded the 100-MLD Bulk Water Project last March 21, 2017 after undergoing a comparative (Swiss) challenge as mandated by the 2013 Revised Joint Venture Guidelines of the National Economic and Development Authority. The project has a term of 30 years (renewable for another 20 years), and involves the supply of up
to 100 MLD of treated bulk water to COWD, the disclosure stated. P2.8 Billion Investment The P2.8-Billion project involves the construction of new water transmission lines and rehabilitation of the Camaman-an Reservoir, and will also eventually involve the delivery of bulk treated water to service the requirements of Cagayan de Oro’s western sector, which currently relies on deep wells for its water supply. To implement the project, the JV firm has the option of sourcing its treated bulk water either through the purchase of an existing facility, building a new one or buying its supply from an existing facility, he added. The subsequent
“Transmission Phase” calls for the construction of transmissionlines and rehabilitation of Camamanan Reservoir;supply of 40 MLD to the eastern sector within 12 months, COWD currently serves a population of more than 700,000 residents and has approximately 85,000 service connections. Both partners recognize the importance of constructing and maintaining a sustainable water supply and have drawn a 3-stage road map to ensure this, said Joselito D. Velasco, senior manager, MPW Public-Private Partnerships. For Stage 1 covering the delivery of 60MLD to the Western Sector, the road map foresees putting COWD’s Cala-anan production deep wells on standby and its Balulang wells and booster pumping station to be operated intermittently. For Stage 2, 60MLD will be delivered to the Western Sector and 20MLD to the East. This is foreseen to place some of COWD’s wells and booster pumps in Macasandig on intermittent operation, while at the same time bring water to Upper Gusa and Upper Carmen, as well as elevated subdivisions like Alegria Hills by installing additional transmission lines and starting service to Indahag
through a sub-system. By Stage 3, with 60MLD being delivered to the West and 40MLD to the east, ground water extraction is expected to be reduced further by placing COWD’s wells in Agusan and Tablon on standby and further reduction in the operations of the Macasandig wells and booster station. “Cagayan de Oro is the jewel of the north in Mindanao. The infrastructure is there to jump start further growth,” noted Atty. Rogero. “Now we’ve been able to hammer out a credible, mutually beneficial partnership, which we hope will provide in the future water infrastructure for the City of Cagayan de Oro.” “We welcome Metro Pacific and its investment in water. Without that you cannot expect Cagayan de Oro to be livable, and competitive, and we need a lot of catching up to do,” said Mayor Moreno. “We welcome this joint venture to even grow further to respond to more challenging times ahead with the objective of making Cagayan de Oro the prime city down south. We have all the ingredients and this is one milestone in this episode of CDO that we are part of. Someday we will look back at this with pride and say we have been part of that history,” he added.
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Water... from page 1
Metro Pacific Chair Manuel V. Pangilinan and Cagayan de Oro City Mayor Oscar S. Moreno led the ceremonial signing and project launch at a hotel in Makati. “Cagayan de Oro needs water, like many other areas in the Philippines,” Pangilinan said. “We cannot continue relying on deep wells which are not environmentally friendly in the long run. So you really have to draw it somewhere else and treat it as well for the people.” Joint Venture The joint venture agreement was officially signed a day earlier at the Local Water Utilities Administration office in Quezon City by MPW President Laurence R. Rogero and COWD General Manager Rachel M. Beja. “This joint venture agreement will provide us with 100 million liters per day of potable water, more than enough to supply the more than 90,000 service connections of households and businesses in the City with safe, reliable, and potable water,” said Eduardo Antonio R. Montalvan, COWD Chairman of the Board. “This additional volume will help us fulfill our mission as an excellent water service provider to the city and expand our service area to reach more people,” he said The JV Corporation shall mainly engage in the treatment of raw bulkwater (or purchasing treated bulk water) and supplying treated bulk water to COWD; and to undertake the construction, rehabilitation, operation and maintenance of various water production, treatment and transmission facilities and related infrastructure (including but not limited to reservoirs) Paid-in capital for the Cagayan de Oro Bulk Water Corporation has been set at P140-million (M) with Metropac Water Investments Corporation putting up P133-M for 95% equity and COWD P7M at 5%. In a disclosure filed with the Securities and Exchange Commission, Metro Pacific Investments Corporation revealed that MPW was awarded the 100-MLD Bulk Water Project last March 21, 2017 after undergoing a comparative (Swiss) challenge as mandated by the 2013 Revised Joint Venture Guidelines of the National Economic and Development Authority. The project has a term of 30 years (renewable for another 20 years), and involves the supply of up to 100 MLD of treated bulk water to COWD, the disclosure stated. P2.8-B Investment The P2.8-billion project involves the construction of new water transmission lines and rehabilitation of the Camamanan Reservoir, and will also eventually involve the delivery of bulk treated water to service the requirements of Cagayan de Oro’s western sector, which currently relies on deep wells for its water supply. To implement the project, the JV firm has the option of sourcing its treated bulk water either through the purchase of an existing facility, building a new one or buying its supply from an existing facility, he added.
The subsequent “Transmission Phase” calls for the construction of transmission lines and rehabilitation of Camaman-an Reservoir; supply of 40 MLD to the eastern sector within 12 months, COWD currently serves a population of more than 700,000 residents and has approximately 85,000 service connections. Both partners recognize the importance of constructing and maintaining a sustainable water supply and have drawn a 3-stage road map to ensure this, said Joselito D. Velasco, senior manager, MPW PublicPrivate Partnerships. “We welcome Metro Pacific and its investment in water. Without that you cannot expect Cagayan de Oro to be livable, and competitive, and we need a lot of catching up to do,” said Mayor Moreno. “We welcome this joint venture to even grow further to respond to more challenging times ahead with the objective of making Cagayan de Oro the prime city down south. We have all the ingredients and this is one milestone in this episode of CDO that we are part of. Someday we will look back at this with pride and say we have been part of that history,” he added.
Free...
from page 1 Businessman Edward So, a hog and poultry raiser, said Mindanao is very far from Luzon and commended the efforts of the Department of Agriculture (DA) for taking immediate measures to contain the infection in Pampanga and halt the movement of live poultry and poultry products from Luzon to other parts of the country. So is also president of the Davao Hogs Raisers Association. “For me, let’s see what will happen. I hope it will not create too much panic. The prices of chicken and eggs in Luzon are going down because of the issue. But the government is doing its job and we are also monitoring it. So far, we remain infection-free. That’s the assurance we can give for now,” he said. In a text message on Wednesday, Dr. Dannie Apelo, spokesperson on the avian flu for the Department of Agriculture in the Davao Region (DA 11), said that the Interagency group Avian Influenza Protection Program Task Force Probinsya will inspect commercial and backyard poultry farms in the region following the Pampanga outbreak. He said that the group has lined up a series of surveillance and monitoring activities on August 23 and 29 and September 4 in all chicken, game fowl and duck farms in the region. The inter-agency task force is composed of representatives from the DA, Department of Health, Department of Agriculture, Philippine National Police, and local government units. Apelo said they would collect blood and oropharyngeal swab samples for testing at the Davao Regional Animal Diagnostic Laboratory. All birds will be exterminated within 1-km radius from the area of infection, he added.
Apelo said all game fowls coming from Luzon will be temporarily banned from entering Mindanao. In a DA memorandum circular dated August 14, a temporary ban has been imposed on shipment of live domestic and wild birds and their products, including poultry meat, day-old chicks, eggs, semen, manure from Luzon to Visayas and Mindanao “to prevent further spread of the disease in other parts of Luzon and Visayas and Mindanao.” But shipment to Luzon from Visayas and Mindanao, being bird flu-free, will be allowed. For areas within Luzon, transport may be allowed but it shall be accompanied by a shipping permit and a Veterinary Health Certificate issued by a government sector veterinarian certifying that these products were sourced from farms with no incidence of avian influenza for the past 21 days prior to shipment. For poultry meat, it said the temporary ban will be lifted when there are no new cases reported 90 days after stamping out activity, including disinfection of all affected areas and surveillance. So said they are expecting Luzon poultry growers would buy their source of chicken and eggs from Mindanao due to the incident. The chicken production of Mindanao and Visayas combined was only 555,534 metric tons, or 33 percent of the country’s total production of 1,674,505 MT and twice lesser compared to the production of Luzon at 1,118.971 MT, a 2016 report of the Philippine Statistics Authority (PSA) showed. Mindanao’s production was at 323,663 MT while Visayas’s was 231,871 MT. Central Luzon, the region of the bird flu-stricken province of Pampanga, produced the highest yield with 590,993 MT. Central Luzon was followed by Calabarzon, 328,430MT; Northern Mindanao, 152,801 MT; Central Visayas, 84,376 MT; Ilocos Region, 78,760 MT; Western Visayas, 64,103 MT; Cagayan Valley, 60,644 MT; Soccsksargen, 48,844 MT; Negros Island, 47,098 MT; Bicol Region, 42,241 MT; Eastern Visayas, 36,294 MT; Zamboanga Peninsula, 30,204MT; Caraga, 13,864 MT; Cordillera Administrative Region (CAR), 7,602MT; and Autonomous Region in Muslim Mindanao (ARMM), 4,943 MT. So said they already advised their members to up the ante in biosecurity measures to protect their farms. “The good thing is the DA immediately contained it. But we cannot also let our guards down and we have to do our part to increase biosecurity measures here,” he said.
WESM... from page 1
support, WESM Mindanao was officially launched in June. “From its inception to its launch, we are very proud to be a part of this major development in Mindanao power operations. In line with our mandate to provide the best transmission services, we are always eager to support initiatives which will improve the grid’s power situation,” stated
NGCP. NGCP’s biggest and most crucial contribution is the development of the Interim Mindanao Dispatch Protocol (IMDP). This was implemented during the transitory period in preparation for the start of WESM’s commercial operations in Mindanao. As part of the IMDP, NGCP developed a website for generators and load customers to submit their available supply and forecasted demand. After collating the submitted data, the website enables NGCP to publish the demand profiles and Generationto-Maintain Matrix, a summary of the daily capacity allocation per hour for each individual, for the reference and use of players in the Mindanao electricity market. The website also allows NGCP to monitor the actual load per customer in real time, which provides NGCP a better understanding of how to manage the balance of supply and demand in order to ensure reliable delivery of power transmission services in the area. NGCP also handled the installation of metering software and hardware to the market participants. At present, NGCP and PEMC continue to closely coordinate and share data to ensure the smooth implementation of the new system. NGCP is a Filipino-led, privately owned company in charge of operating, maintaining, and developing the country’s power grid, led by majority shareholders Henry Sy, Jr. and Robert Coyiuto, Jr. (PR)
Fails...
from page 1 Armm such as Maguindanao and Lanao del Sur, also the provinces of North Cotabato and Sultan Kudarat, both in Central Mindanao including
Cotabato City. Mastura, also managing head of RBOI, said that with the addition of BTSI, the worth of investments registered with RBOI this 2017 is now at P3.2 billion. “This signifies an uninterrupted growth of investments in the region despite the Marawi crisis,” Mastura said in a statement. ”The company’s reliable services of delivering the goods to customers on time and in right condition have strengthen local businesses. Cargo handling is very critical in the logistics and supply chain, problems in the cargo movement will cause delays and will cost a lot of money to enterprises,” Mastura added. The cargo-handling company was owned by PTC Mindanao Port Services Inc. (MPSI) organized in Manila in 1979 and expanded its operations in Zamboanga City. PTC-MPSI rendered arrastre, stevedoring, other port related services and eventually entered into trucking business. The first chair of its board of directors was former Philippine president Fidel V. Ramos. In 2014, PTC-MPSI offered to sale the company to Maguindanao based Lamsan Holdings Corp. In March 2015, Lamsan took over the management after acquiring 100 percent of its shares of stocks including the Cargo Handling Contract with the Regional Ports Authority (RPA). In February 2016, with the approval of the Securities of Exchange Commission (SEC), the new management changed its name from PTCMPSI to now BTSI. According to BTSI manager Luigi Piccolo V. Peña, the company is a holder of a 15-year Management
Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 16, Tangub City OFFICE OF THE CLERK OF COURT AND EX-OFFICIO SHERIFF NOTICE OF EXTRA-JUDICIAL SALE EJF-2017-001 Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118 filed by PSBANK CENTER, 777, PASEO DE ROXAS corner Sedeño Street , Makati City against MICHAEL GLENN TUMAMAK and SHEILA S. TUMAMAK to satisfy the mortgage indebtedness which as of July 12, 2017 amounts to Six Hundred Fifty Nine Thousand Five Hundred Forty One Pesos & 12/100 only (Php 659,541.12) excluding interest, attorneys fees, and other lawful fees for the service of foreclosure, the undersigned Sheriff will sell at public auction on September 11, 2017 at 10:00 o’clock in the morning or soon thereafter at the office of the Clerk of Court, Regional Trial Court, Br. 16, Tangub City, to the highest bidder in cash, Philippine Currency the herein mortgage property to wit: TRANSFER CERTIFICATE OF TITLE No. T-14911 “Lot 2275-D-2-B, Psd-10-040954: Portion of Lot 2275-D-2(LRC) Psd-66349, situated at Digson, Bonifacio Misamis Occidental, Island of Mindanao. Bounded on the NE., along line 1-2 by Lot 2275-D-6, (LRC) Psd-66349, on the E., along line 2-3 by existing Road Lot 2275-G (LRC) Psd50583, on the SW., along line 3-4 by Lot 2275-D-1 (LRC) Psd-66349, on the W., along line 4-1 by Lot 2275-D-2-A, Psd-10-040954. Containing an area of THREE HUNDRED (300) Square meters more or less. All sealed bids must be submitted to the undersigned on the above stated time, date and place of auction sale. In the event that the public auction should not take place on said date or there is only one bidder, it shall be held on September 13, 2017 at the same time & place without further notice. Bidders are enjoined to investigate for themselves any encumbrance on the herein property if any there be. July 26, 2017, at Tangub City, Philippines. FOR THE EX-OFFICIO SHERIFF: BWM: Aug. 4, 11 & 18, 2017
BY: (Sgd.) WILLIAM C. ARANIEGO Sheriff IV
Contract with the Regional Ports Management Authority (RPMA) for its operations at Polloc Freeport from May 2007 to April 2022. “The project will effectively impact the flow of goods and services. This will make the businesses strong within towns and cities in Armm and Central Mindanao bringing more jobs into these areas,” Regional Gov. Mujiv Hataman said as he welcomed the new investment. Mastura said companies that register investment with RBOI are entitled to fiscal and non-fiscal incentives, such as Income Tax Holiday, duty free importation of capital equipment including genetic stock material, exemption from wharf duties, use of custombonded warehouse and streamlined custom procedures and issuance of investor visa for foreign nationals, among others. EOF/PNA
EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND Notice is hereby given that the intestate estate of deceased ROLDAN F. VELEZ, SR. who died on October 07, 2009 at Sabal Hospital, Cagayan de Oro City at the time of his death, left a parcel of land situated in Gimangpang, Initao, Misamis Oriental; Original Certificate of Title No. P-38482, Lot no. 6347, CAD 365, Lot no. 3681-D, CSD-10-018095; ROLDAN F. VELEZ, SR. is the subject of Extra-Judicial settlement with a Deed of absolute sale of a parcel of land; is made and entered; represented by his wife, ELSA M. VELEZ (widow), and their legitimate children, namely: VELMA VELEZ VARGAS (married), ROEL M. VELEZ (married), all of legal age, Filipino citizen, with residence and postal address at Blk. 9, Lot 3, Masterson’s Avenue, Vista Verde Village, Pueblo de Oro, Upper Canitoan, Cagayan de Oro City, and ROLDAN M. VELEZ, JR. (married), Filipino citizen, with residence and postal address at Gimangpang, Initao, Misamis Oriental, hereinafter referred to as the HEIRS/SELLERS; and ROLDAN M. VELEZ. JR., likewise of legal age, Filipino citizen, married to EULLY O. VELEZ, with residence and postal address at Gimangpang, Initao Misamis Oriental, hereinafter referred to as the BUYER/VENDEE; That for and in consideration of the sum of FOUR HUNDRED THOUSAND PESOS (PHP 400,000.00) Philippine Currency receipt of said amount is hereby acknowledge by the SELLER/VENDOR after the amount is paid in hand by the BUYER/S or VENDEE/S the SELLER/S or VENDER/S hereby SELL, CEDE, TRANSFER and CONVEY the above-described properties containing an area of ONE THOUSAND SIX (1,006) SQUARE METERS, more or less in favor of theBUYER/S or VENDEE/S his/her heirs, assigns or successors-in-interest, free from any liens and and encumbrances, free from any third-party claimant whomsoever and the same is non-tenanted; Containing an area of ONE THOUSAND SIX (1,006) SQUARE METERS, more or less. Under notary public of ATTY. EMELITO J. MARQUINO; Per Doc. No. 330; Page no. 66; Book no. XIII; Series of 2017. BWM: Aug. 18, 25 & Sept. 1, 2017
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MVP: Filipino Creativity making things happen for Gilas Pilipinas
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By Mike Baños
amahang Basketbol ng Pilipinas, Inc. Chairman Emeritus Manuel V. Pangilinan believes Filipino creativity and speed will carry the day for Gilas Pilipinas in the current 2017 FIBA Asia Cup in Beirut, Lebanon.
In an ambush interview following the signing of a joint venture agreement between Metro Pacific Water and the Cagayan de Oro City Water District at EDA Shangri-La Tuesday morning (August 15), Pangilinan admitted he still didn’t know if June Mar Fajardo would be
playing in today’s crucial quarterfinal match against South Korea. “Alam mo hindi ko alam. Pero if I were a betting man, I think he would I hope he would,” Pangilanan said. Although Fajardo has already joined Gilas Pilipinas in practice since August 13, the 6-foot-9 still has to play. Pangilinan believes the Philippines team still has what it takes to take it all the way. “I think the game is evolving to the point where height is still very important but slowly evolving towards advantages in speed and in shooting, particularly the 3-point shooting percentages. So, ganoon nag e-evolve ang game may pag-asa ang Pilipinas,” Pangilinan stressed. “Sa laro ng mga Hapon at Koreano eh nakikita ko iyong laro nila parang hindi bagay sa katawan nila. Parang the plays are formulistic or formulae, which is good but the Filipinos are more creative,” he added. “Take a look at Romeo right? We don’t know where he’s going. Of course, I dunno whether he knows where he’s going (laughs). Para bang
kung sa entertainment mas spontaneous, creative at flexible, agile. Parang ganoon ang dating sa atin,” Pangilinan explained. Although the Philippines had previously defeated South Korea in the 2013 Continental Cup. the Koreans got back with a close 67-65 win in the 2014 Asian Games and also defeated a team bannered by Gilas Cadets at the 2017 William Jones Cup, 83-72. The Gilas PilipinasSouth Korea game is scheduled for Wednesday evening (11:30pm Philippine time), August 16, with the winner going to the semi-finals where they face the winner of the Iran-Lebanon match. While there’s still no definite word if Fajardo will play tonight, Gilas big man Christian Standhardinger and Calvin Abueva, will be definitely returning from the injured list to add much needed depth to Gilas in this crucial game. Asked about a possible match-up with Australia, Pangilinan replied; “I think Australia will be in the finals. Hopefully we will be playing them there.”
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