BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 031
Market Indicators
As of 6:12 pm august 17, 2016 (wednesday)
FOREX
PHISIX
US$1 = P46.373
7,946.19
X
6.1 cents
37.19
X
points
Briefly Fight vs poverty THE Autonomous Region in Muslim Mindanao (ARMM) and several national government agencies will jointly implement anti-poverty programs in the region starting this month. 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 conflictaffected 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 that will be implemented.
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Thursday | August 18, 2016
By ANTONIO L. COLINA IV, MindaNews
HE Pilipino Banana Growers and Exporters Association (PBGEA) has expressed desire to meet Environment Secretary Gina Lopez to inform her of the best practices of the big banana companies amid threats that she will ban aerial spraying if she finds out it causes suffering to the communities near plantations.
PBGEA executive director Stephen Antig said in an interview Tuesday that they are only waiting for the response of the environment chief on the letter he sent to
her last week. “I wrote her a letter requesting for an audience to present to Lopez what we are doing and how we are spray/PAGE 11
Golden crop DAVAO City will again host the Davao Agri-Trade Expo this year (DATE 2016) on Sept. 22 to 24 at the SMX Convention Center. The annual trade expo is now on its 18th year. “DATE is the biggest and longest-running trade expo and business event in Mindanao,” Tessie Pascual, vice president of the Davao City Chamber of Commerce and Industry (DCCCI). Pascual added that this year’s DATE will highlight the “golden crop” of Mindanao that includes cacao, corn, coconut, rice, coffee and cassava.
P15.00
Plan to ban aerial spray worries banana growers www.businessweekmindanao.com
FREE SEA SHELLS. Dapa town in Siargao Island, Surigao del Norte celebrates its 5th Kinhason Festival on Friday, August 12, 2016 during which assorted seashells are displayed for everybody to eat. MindaNews photo by Roel Catoto
Misor dads hit Moresco II for alleged ‘mismanagement’ By MARK D. FRANCISCO, Staff Writer
THE Sangguniang Panlalawigan (SP) of Misamis Oriental has expressed alarm over alleged mismanagement by the Misamis Oriental Electric Service Cooperative
(Moresco) II which they described as detrimental to consumers in the eastern part of the province. In particular, SP member moresco/PAGE 11
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Economy AgNor province boosts CDO okays added funds animal production for econ enterprise dept
T
HE Cagayan de Oro City Economic E n t e r p r i s e Department (CEED) of the city government of Cagayan de Oro targets to provide orderly and clean market for sellers and buyers after the approval of an additional funding for the sector.
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Pa r t o f t h e P 1 . 1 8 B supplemental budget is the P17 million funding for the augmentation of the CEED. In line with this, the city government is set to implement the rehabilitation of Cogon Market where the re-sectioning of the food and cafeteria will be prioritized. “Himuon nga food court
aron ma-experience sa mga vendor ug buyer ang mall type nga merkado (This will be made as a food court so that the vendors and buyers will experience a mall type market),” said Councilor Ian Nacaya, CEED chairman. Nacaya recently strolled a rou n d t h e m a r k e t t o determine the things that
should be included in the rehabilitation. Part of the rehabilitation plan is the repair of drainage s y ste ms an d c an a l s i n Cogon Market as well as the ventilation of the area. The plans set by the CEED is highly supported by City Mayor Oscar Moreno. (ALR-CIO/PIA10)
BUTUAN City -- The provincial government of Agusan del Norte, in its effort to boost animal production, is set to be at the receiving end of six heads swine, five heads gilt and one head boar from the Department of Agriculture, Regional Field Office 13 (DA-13), to be used as breeder stocks of the province. Provincial Governor Ma. Angelica Rosedell M. AmanteMatba was authorized by the Sangguniang Panlalawigan to sign the Memorandum of
DOLE to meet with business owners in SurSur
TA N DAG C i t y – T h e Department of Labor and Employment (DOLE) Surigao del Sur provincial office is set to hold an orientation to some 100 business establishment owners/managers/human resource managers of this
province today, August 18 at Shacene Royal Hotel, this city. The activity seeks to get the inputs of the participants and urge them to put an end to the illegal practice of labor contractualization or endo, which is the colloquial term
for “end of contract.” In compliance with the Labor Advisor y No. 10. Series of 2016, reiterating the prohibitions of the Labor Code of the Philippines against Labor-Only contracting issued by DOLE Secretary
Silvestre H. Bello, III, the participants are required to bring t he following during the forum: Profile of workers indicating status of employment i.e. regular, probationary, contractual, fixed-term, project and
other arrangements; and length of service; Latest payroll of the workers; Number of contractors/subcontractors with copies of service agreements; List and names of tenants in your dole/PAGE 11
Agreement by and between the province and the DA-13 for the immediate implementation of the said program. Another program as an added boost to animal production was the donation of two heads buck crossbred anglonubian, 20 heads doe upgraded anglonubian, 22 heads doe pure-anglonubian and one head buck pureanglobubian still from the same national agency. Through Sanggunian Resolution No. 018-2016, authored by Provincial Board Member Virgilio R. Escasiñas, Jr., Governor Angel was authorized to sign the deed of donation by and between the province and DA-13, whereby the province will receive such animals free from all liens and encumbrances. (Aimee B. Sienes, LGU-Agusan del Norte/PIA-Agusan del Norte)
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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
ON TOP OF THE WORLD. A trekker takes a break to take his snacks during a climb atop Dodiongan Falls, which is 70 feet high, in Iligan City Sunday (17 July 2016). MindaNews photo by Bobby Timonera
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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More tornadoes to hit RP
Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO
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Feature Editor
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who built their houses on the sand. The rains came, the floods rose, and the wind blew and beat against that house, and it fell with a great crash.” We must not fail to notice that, in these predictions, the rains, the floods, and the wind were prophesied to come, as they are all coming now, all at the same time. -ooo INSPIRATION FOR A SUCCESSFUL LIFE COMES FROM GOD: This reflects the story of Rotary International’s Four Way Test. Without the Four Way Test being utilized as the standard by which the officers and employees of a company owned by an American Rotarian were to measure their thoughts, words, and actions, the company went on a losing streak and was ready to fold up in the 1930s. But t he Rot ar ian, a businessman named Herbert J. Taylor, prayed to God, and asked for His guidance in his search for a guide to right conduct, or some sort of an ethical yardstick which everyone in his company could memorize and apply to what they thought, said, and did. God responded, and inspired Taylor to write the questions that now comprise the Four Way Test. In the 1940s, after Taylor’s nearly-bankrupt company
made a rebound, Rotary International adopted his guidelines as its Four Way Test, and there was no looking back for Rotary ever since, growing today into the world organization of choice when it comes to charity, with its Clubs numbering around 32,000 worldwide, and with a membership base of 1.2 million Rotarians. -ooo READING AND OBEYING GOD’S WORD KEY TO SUCCESS: Indeed, there are only two kinds of people in this world, as the predictions I mentioned here could attest. The first kind are the wise people, while the second are the fools. The wise people are not going to crumble down nor be overwhelmed by problems of day-to-day living, represented figuratively by the calamities of strong rains, high floods, and roaring winds. On the other hand, the fools will immediately be crushed and defeated, even by the weakest of rains, the lowest of floods, or the fleetingness of winds, or, literally, even by small problems. The secret therefore is in knowing how to be wise, but, in reality, this is no secret at all. The predictions disclose what we must do. They say we must listen and obey the Word of the One who made the predictions. Who was
K akampi
Mo A ng Batas
Atty. Batas Mauricio this? It was Jesus Christ, our God and Savior. We must therefore listen to Him--which means, we must read the Bible, and study what it commands us to do--and then carefully obey everything written in it. That way, we will not just survive any disaster, but we will even triumph and prevail over them. -ooo PLEASE WATCH OR L I S T E N : “ Ta m b a l a n g Batas at Somintac”, a newscommentary 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.
When in the brink of despair
Oro Chamber
Good Family Man 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 econd imp or tant responsibility of a family man is to serve 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 make the important 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
LIFE’S INSPIRATIONS: “… If you listen to the Lord your God… and carefully obey His commands… He will set you high above all the nations on earth. All of these blessings will come upon you, if you listen to the Lord your God and carefully obey His commands…” (Deuteronomy 28:1-2, the Holy Bible). -ooo MORE TORNADOES TO HIT RP: The tornado that hit Manila on Sunday, August 14, 2016, will certainly not be the last of its kind. There will be more tornadoes to come to our country, and will not be as harmless as the one that came on Sunday. Whether we believe or not, this phenomenon of strong winds bringing death and destruction was predicted to happen a long time ago, whether we like it or not. Where was this prediction made? Read this, and see if you can guess: “Those who hear these words of mine and put them into practice will be like wise people, who put up their houses on top of strong foundations. The rains came, the floods rose, and the wind blew and beat against those houses, but they did not fall, because they had strong foundations.” Then, it was also said: “Those who hear these words of mine but who do not put them into practice are fools,
THINK
A Minute
Jhan Tiafau Hurst 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 and cares about others. He needs to show love and respect for their mother, so they will too. A father must hurst/PAGE 11
With all the intense pressures, challenges, trials, not to mention, grave problems and crises we meet these days, the likelihood of teetering into discouragement, if not despair, is quite high. This is when we need to fortify our hope, learning how to look beyond what is here and now to see the hand of God behind everything. We need to acquire this skill, always asking first for the grace of God. In this way, we don’t suffer unnecessarily, and if we have to suffer, we don’t suffer uselessly. We should strengthen our faith and hope, feeding them with the charity of God, and disabuse ourselves from relying completely on our reason and other human powers. These definitely cannot cope with everything that we have to face in this life. As the Catechism teaches, our human reason, our most powerful faculty, while capable of knowing God’s will and ways, is hampered “not only by the impact of the senses and the imagination, but also by disordered appetites which are the consequences of original sin.” (CCC 37) We need to cultivate humility deeply so we can learn to be trusting in God’s providence even if we cannot fully know and understand
his will and ways. Let’s always remember that God is our father who will always love us no matter what. He is full of goodness and mercy. Being omnipotent, he knows how to derive good from evil that is caused directly by us and allowed by God in deference to our freedom. But he can write straight with crooked lines. And if we put ourselves in sync with God’s will and ways, we too could derive good from whatever evil may befall on us. We really have no reason to fall into discouragement, muchless, despair, no matter how grave and ugly our predicament can be.And that’s because God has given us everything to resolve our problems in his own terms while also respecting our human condition. Even in the worst scenario when death appears in evitable,things can still turn out for our own good, because with Christ’s redemptive work, the sting of death has been removed. Thus, we can repeat what St. Paul used to say: “I have learned, in whatever state I am, to be content. I know how to be a based and I know how to abound. In any and all circumstances I have learned the secret of facing plenty and hunger, abundance and want. I can
do all things in Christ who strengthens me.” (Phil 4,1113) There’s really no reason for us to fall into some morbid fear or helpless self-pity. We just have to learn how to suffer. And this is always possible as long as we are willing to unite ourselves with Christ in his patience. Let’s remember that God does not exempt us from falling into some serious, and sometimes insoluble predicaments. That’s because he will always respect the limitations of our nature that can sometimes lead us to some trouble, not to mention, our own freedom that we can always misuse and abuse leading us to sin, the worst evil. And even if personally we have not sinned or do not seem to deserve a particular burden, we all suffer just the same, due to the sins of men, ours and those of others. We should not be surprised by this and waste time complaining about it. In fact, it can happen that those who suffer the most are the saintly ones who are especially chosen by God to bear the consequences of the sins of all men. Those who are more Christ-like will certainly share more in the redemptive suffering of Christ. The reverse is also true. One becomes more
HINTS
and
Traces
Fr. Roy Cimagala Christ-like the more he suffers. In a sense, suffering is a blessing, a privilege. For sure, the saints are saints precisely because they have taken the same path of suffering that Christ took. Indeed, suffering can be a clear sign of God’s predilection for us, as it has been with Christ who suffered the death on the cross in obedience to his Father’s will. So, if our predicaments and suffering lead us to a state of helplessness, whether they are physical, financial, or even moral due to our sin, we need to adopt the mind of Christ and the saints and the other characters in the gospel who did all they can to get close to Christ, asking for help. Christ certainly listens and knows what to do. He knows how to convert evil into good, suffering into glory, death into life. roycimagala@gmail.com.
VI S I T OU R WEB POR TAL
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Banking&Finance
5 OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY
A PUBLIC SERVICE BY:
AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274
METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057
ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893
METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162
BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075
METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721
BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637
METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924
BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796
METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731
BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405
METRO BANK- GAISANO 8561720
BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727
Mayor Oscar S. Moreno meets with the commissioners of the CDO HIstorical & Cultural Commission at his office 16 Aug 2016.( L-R) Luc Igot, Erlinda Burton, Mike Baños & Glory Magdale. (Photo by Mike Baños, NPN)
Economists forecast 6.7% GDP in Q2 T HE Aquino administration probably ended on a high note, with the economy expanding 6.7 percent in the second quarter of 2016. That’s according to a median forecast of 11 economists surveyed by Bloomberg TV Philippines. BPI economist Nicholas Mapa, one of the 11 surveyed, shared his observations: “If you look at all the leading indicators we use to forecast, electricity sales jumped in the second quarter, quite substantial at 10-11%.” Another leading indicator they look at, added Mapa, is car sales as reported by the C ar Manufacturers Association or CAMPI. He noted the car segment is up by 20%. “If you look at the commercial vehicle segment, which includes AUVs and SUVs, the sales are through the roof.” Economists say consumer spending, spurred by remittances from overseas workers and earnings of those working in the local BPO sector, as well as government
spending, continue to drive growth. RCBC economist Mike Ricafort, for his part, ticked off these factors behind the growth: “First, it’s electionrelated spending which we didn’t have a year ago, then we have a pick-up in government spending, so that should provide a higher growth numerator this year as against the same period last year.” Still, the forecast is lower than the first-quarter’s impressive 6.9 p ercent finish, as the global economic slowdown proved to be a drag to the country’s trade, trimming even remittance inflows, and pulling down GDP figures. “The global economic slowdown -- relatively lower commodity particularly oil prices -- may offset whatever positive factors we may have,” said Ricafort. That would be, he said, “in terms of the demand in OFWs and our trading partners as well, especially the developed countries, Mideast countries and other emerging market countries that heavily depend
August 17 to 18. Depositors of the Butuan Branch will be serviced at the bank’s office located at San Francisco Street, Butuan City, Agusan del Norte, while depositors of the Cagayan de Oro Branch will be serviced at its office premises at the Ground F l o or, R B C ab a db ar an Bldg., Fernandez-Tiano Street, Cagayan de Oro City, Misamis Oriental. Meanwhile, claims of depositors of the Gingoog Branch are being received at the bank premises at Mootumol Street, Gingoog City, Misamis Oriental on August 17 to 18, 2016.
BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN
CM Recto Ave. Lapasan, Cdoc, 8563991/727731
BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406
THE automotive sector, with latest car sales growing a robust 20%, was one of the growth drivers - alongside election spending and government’s push for greater infrastructure spending - cited by economists surveyed by Bloomberg TV Philippines.
on oil as sources of revenue.” S t i l l , t h e c o u n t r y ’s e conom ic p e r for mance remains in a good position amid the global economic turmoil. Low interest rates continue to boost economic activity, bringing loan growth in June 2016 to a high of 17.6 percent, according to data from the Bangko Sentral ng Pilipinas. Even if remittances slowed in the past few days, according to Mapa, if the money is translated to pesos, “it’s still
quite healthy at 7.8%.” Added Mapa: “If you want to look at how remittances will affect consumption side, it’s still very healthy; but overall the economy just seems to be on such good vibes right now.” Economists said there’s still more to look forward to in the second half, especially since the new President has committed to increase government spending on infrastructure to as high as 7% of GDP.
PDIC starts paying depositors of closed Cabadbaran bank THE Philippine Deposit Insurance C or p orat ion (PDIC) has started servicing deposit insurance claims of depositors of the closed Rural Bank of Cabadbaran (Agusan), Inc., effective yesterday, August 17, 2016 from 8:00 a.m. to 5:00 p.m. Servicing of claims for the depositors of the Head Office are conducted at the bank’s Head Office located at Garame corner Cabiltes Streets, Cabadbaran City, Agusan del Norte from August 17 to 19, 2016. Servicing of claims at the Butuan Branch and Cagayan de Oro Branch are also set
BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178
Processing and payment of deposit claims received from depositors of Gingoog Branch shall be done at the PDIC Office. Depositors with valid deposit balances of PHP100,000 and below and who have no outstanding loans or payables to the bank, do not have to file deposit insurance claims. Their insured deposits shall be mailed to their mailing addresses per bank records or based on the Mailing Address Update Form earlier submitted to PDIC. All other depositors, regardless of the type of
their account or account balance, have to file deposit insurance claims. These include depositors with account balances of more than PHP100,000, those with outstanding loans or payables to the bank and t ho s e w it h i nc ompl e te addresses. Depositors whose accounts are under the name of business entities also need to file claims. When filing claims for deposit insurance, depositors have to personally present their Savings Passbook, Certificate of Time Deposit or other evidence of deposit, and pdic/PAGE 11
BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819
PBCOM Tiano-HayesSt. Cdoc | 726519/8571558 PLANTERS DEVELOPMENT BANK
Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723
PNB- LKK MALL NORTH CONCOURSE
LKK Mall N.Concourse Cdoc 8574149/8575682
PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.
#58 Tiano FernandezSt.CDO 727215/ 8563552 *805
SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774 SECURITY BANK- LKK Limketkai | 8801258/8801625
EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081
SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632
EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331
STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168
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DTI’s FAB LAB Mindanao Shared Service Facility sets launch today at MSU-IIT By Mike Baños
A shared service facility that will help people transform their ideas into reality is set to be launched Wednesday, 17 August 2016 at the Mindanao State UniversityIligan Institute of Technology (MSU-IIT) in Iligan City. “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 Mindanao’s Center for Innovation and Invention during its 17 August 2016 launch and exhibit. Also to be launched on the same date are the DTI Negosyo Center and Technolog y 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 launch/PAGE 11
The operators in training of Fab Lab Mindanao.
A Shared Service Facility (SSF) of the Dept of Trade and Industry, FAB LAB Mindanao is Mindanao’s 1st digital fabrication laboratory that helps researchers & businesses create prototypes of their designs.
FAB LAB Mindanao
Launch of Herbalife SKIN™ Protective Moisturizer Broad Spectrum SPF 30 Sunscreen for Everyday Use Herbalife, a global nutrition company, is launching this July Herbalife SKIN™ Protective Moisturizer Broad Spectrum SPF 30 Sunscreen to the local market. The sunscreen is the latest addition to the Herbalife SKIN™ product range. Herbalife SKIN™ Protective Moisturizer Broad Spectrum SPF 30 Sunscreen is a long-lasting moisturizer that leaves skin smooth
and soft, while providing broad spectrum UVA/UVB protection against the sun’s damaging rays. Key benefits include: • Doubles skin’s moisture for eight hours • Reduces the appearance of fine lines and wrinkles • Provides broad spectrum SPF 30 and UVA/UVB protection Paraben-free and dermatologicallytested, Herbalife
SKIN™ Protective Moisturizer Broad Spectrum SPF 30 Sunscreen is exclusively formulated with Vitamin B3, antioxidant Vitamins C and E, aloe vera, sunflower seed oil, and other botanical ingredients. “We are very excited at the Philippine launch of the SKIN SP30, which completes the Herbalife skincare line in
our market,” said Bong T. Valenzuela, Herbalife Philippines Country Manager. The United States Skin Cancer Foundation, which strongly recommends the use of sunscreens, describes harmful UV rays as part of the electromagnetic (light) spectrum that reaches the earth from the sun. Long wave UVA rays can penetrate the upper layers of
the skin known as the epidermis and causes the skin to burn, while UVB goes deeper through the epidermis into the lower layers of skin known as the dermis. Both UVA and UVB are the major culprits in skin cancers and premature skin aging. Herbalife products are sold exclusively through a network of Independent Herbalife Members.
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CorporateWorld
unit to start motorcycle Villar Group’s Golden Haven, Ayala production by next year Starmalls post Q2 profits
S
TA R M A L L S , I n c . and Golden Haven Memorial Park, Inc., two listed companies owned by the family of former Senator Manuel B. Villar, Jr., reported strong profit growth during the second quarter. Starmalls, the commercial a r m o f Vi s t a L a n d &
Lifescapes, Inc., saw earnings jump 31% in April to June, driven by strong revenues as a result of higher occupancy and rental rates at its shopping malls. In a regulatory filing, Starmalls said it booked P378 million in second-quarter income, compared to P289 million a year ago. For the
A Teacher’s Mission By Glomela Sale Lofranco San Miguel Elementary School
“ T h e pre s s u re s on teachers’ life today are many” where curriculum has been changing. I noted some specific difficulties of teachers’ especially this year. The fifth year implementation of the K-12 Curriculum. As I attended the sevenday training, I find it very nice and really a childc e nte re d c u r r i c u lu m . But worst comes where the implementation w a s “r aw ”. C an’t you just imagine that even a textbook or manual is not provided? What is the scenario now? The department needs good and strong teachers to surpass these threats! DepEd needs innovative,
resourceful, patient and passionate teachers to achieve the curriculum’s go a l and help s cho ol children learn what is due to them in this 21st century challenge. So, as teachers let us not just think about how much we got paid, but let us define ourselves as educators whose mission is to provide, encourage and support learners. Let us be living books and manuals to our students. What a gift this would be to community, if every teacher performs fully its noble profession. I would ask you as teahers, to be especially mindful to our call our mission as teachers.
first half, its earnings surged 71% year on year to P725 million from P424 million. Rental income rose by 62% to P1.11 billion during the April to June period, and by 73% to P1.95 billion in the six months ended June. “ The increase was primarily attributable to the increase in occupancy and rental rates of our existing malls and additional gross floor area of our investment properties,” the Villar-led company said in the filing. As of June 30, Starmalls has 14 malls and three business process outsourcing (BPO) commercial centers. Meanwhile, operating cost and expenses increased by 66% during the second quarter, and by 50% to P915 million in the six-month period, due to additional depreciation from new malls and corporate building; increase in manpower and agency fees for mall and office building operations, as well as advertising and
promotions, outside services and taxes and licenses. Mr. Villar, chairman of Starmalls, is confident the company will continue its growth for the rest of the year, as malls are expected to benefit from the growing economy and higher remittances from overseas Filipinos. “With the integration of our company into Vista Land, the complementary symbiotic relationship and synergies of commercial developments surrounded by residential communities will enable us to achieve higher retail rental rates and higher selling prices, increased sales velocity for the Vista Land residential developments, all while maintaining lower land acquisition and infrastructure costs,” Mr. Villar said in a statement. St a r m a l l s P re s i d e nt Jerry M. Navarette said the company is ramping up its expansion program this villar/PAGE 11
AC INDUSTRIAL Technology Holdings, Inc. is poised to expand operations for K T M As i a Mot orc y c l e Manufacturing, Inc. barely a year after commencing production in January 2017, as the former plans to acquire a foreign engine maker to support its venture in the automotive sector. KTM AG, a partnership between the Ayala Group and KTM Asia, will produce 10,000 motorcycles initially from a new facility in Laguna starting January next year, AC Industrials President and Chief Executive Officer Arthur R. Tan said in a media briefing in Makati City on Tuesday. AC Industrials, formerly Ayala Automotive Holdings, Inc., will house the manufacturing operations of the partnership along with the existing and future assets of listed Integrated Micro-Electronics, Inc. (IMI) in the manufacturing and automotive spaces. “January we’ll starting pro ducing already ; the expansion by the end of
the following year,” Mr. Tan said, noting the production capacity of the Laguna facility operated by IMI will double to 20,000 units a year. “We’ve planned it already that we’re going to grow,” Mr. Tan added. The partnership is investing $2 million to $3 million for the production of 10,000 small motorcycle units initially, with Ayala shouldering 66% of costs arising from the ongoing construction of the factory in Laguna. The production line is expandable to produce 20,000 motorcycles a year. Mr. Tan, however, noted the partnership plans to expand manufacturing capacity beyond that number. Asked if the Ayala Group will have to build another factory, Mr. Tan said: “It depends. We’re looking at also moving eventually into an industrial site and we’re thinking maybe moving north to the Porac area or to the Clark area (in Pampanga).” KTM AG will export 70% ayala/PAGE 11
Suntrust posts nearly 57% profit gain SUNTRUST Home Developers, Inc. said net profit rose 56.7% in the three months to June to P10.44 million, boosted by significant
increases in finance, service and “other” income. In a regulatory filing, the developer said operating revenue rose to P166.28
million during the period, up from P91.51 million a year earlier. In the six months to June, net profit rose sharply to
P20.88 million from P12.92 million previously, while operating revenue rose to P201.22 million from P168.38 million a year earlier.
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CorporateEvents P 4.9-M fablab set to open in Iligan Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
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T
HE Department of Trade and Industry (DTI) is set to open a PHP4.9 million worth fabric ation lab orator y in Mindanao State University-Iligan Institute of Technology (MSU-IIT) next week.
DTI Regional Operations Group (ROG) head Undersecretar y Zenaida Maglaya said the Fab Lab Mindanao is part of the Shared Service Facility (SSF) Program of the department. This will be a digital fablab which will enable students,
researchers, entrepreneurs and designers in the area to transform their ideas into prototypes designs. Among the equipment that will be provided by DTI in the Fab Lab Mindanao are sets of laser cutters, small milling machine with rotary,
print and cut machine, 3D printer, big milling machine, and sewing and embroidery machine. The MSU-IIT, on the other hand, committed PHP1.4 million for laboratory renovation and support equipment while
the Department of Science and Technology will provide PHP1.6 million worth of 3D scanner, 3D printer, and solid work standards. The Fab Lab Mindanao is one of the seven centers in the innovation ecosystem in MSU-IIT. The institute will also host Negosyo Center, technology business incubator called Ideya, Bamboo Technology Resource Center, Ceramic Training Center, Intellectual P r o p e r t y Un i t , a n d a
mentoring and learning hub for students called Innohive. The SSF Program of DTI aims to increase the production capacity and improve the quality of products of micro, small and medium enterprises (MSMEs) for them to be able to compete both in the local and international markets. Most of these SSF projects are in provinces to support local MSMEs, in line with the Duterte administration goal of equitable growth. (PNA)
DTI-PTIC to OFWs:
Become entrepreneurs
Boystown fun run. Participants of the first ever fun run for a cause by the Cagayan de Oro city government through the City Social Welfare and Development Office and Boystown race off to hit the 1, 5 and 10 kilometerrun on August 14 at Kiosko Kagawasan. The proceeds of the event will be given to the clients of Boystown, Tahanan ng Kabataan and Home Care for Girls.(CIO/PIA10)
PH biz urged to innovate with digital work tools LO CAL cloud s er v ices pioneer IPC (IP Converge Data Services, Inc.) recently announced that it will be holding regular digital enterprise innovation seminars for business owners and entrepreneurs, free of charge. Entitled “Gear up to Innovate: An ess ent i a l blueprint for digital transformation”, the session aims to emphasize to Filipino businesses the importance of taking on a digital mindset
in today’s highly connected world. Insights about digital best practices will be shared and the most relevant cloudbased business tools will be explored in-depth. “D i g it a l i s t h e n e w Normal. If a company doesn’t take advantage of today’s plethora of readily available enterprise applications, it runs the risk of being left behind by competition who do,” said Niño Valmonte, Director for Product Management & Marketing
at IPC. “Doing business in this day and age compels us to adopt a digital mindset, and the fastest and most cost-efficient way to do it is through the cloud.” Attendees will be engaged in an immersive demo of c o l l a b o r at i v e b u s i n e s s applications and witness how workplace productivity can be elevated through these tools. More importantly, IPC will elaborate on the effective ways to migrate business processes to the
cloud. The “Gear up to Innovate” seminar series starts on August 19, 2016, and will run until the end of the year. It will be held at 1:30 PM - 5:50 PM on Mondays, Wednesdays and Fridays from there on at 34F RCBC Plaza Tower 2, Ayala Avenue, Makati City. Par t icip ants w i l l b e accommodated on a first come, first served basis. To register, visit http://gearup. ipc.ph.
MANILA -The Department of Trade and Industry (DTI), through the Philippine Trade and Investment Center (PTIC) in Singapore, urges new Filipino workers to become entrepreneurs through the recent orientation seminar on financial education and investment prospects at the Philippine Overseas Labor Office (POLO) in Singapore. According to Philippine Commercial Counselor to Singapore Glenn Peñaranda, the seminar aimed to emphasize among Filipino workers, responsible manage me nt of mone y through savings, encourage entrepreneurship or investments while working abroad. Overseas Filipino workers (OFWs) were advised to explore opportunities in franchising especially in the food industry given its phenomenal growth. Sixty percent of the franchise concepts in the Philippines are in the fo o d s ec tor. Peñaranda also discussed food trends in the country, mentioning that food is the biggest part of the Filipino household consumption and offers many opportunities.
For 2014, there were over 125,000 registered micro, small, and medium enterprises (MSMEs) under the food and accommodation sector in the Philippines. He added that putting money in farms is a viable venture now that agro-tourism is highly promoted. “I am pleased to collaborate with POLO and the Philippine Embassy in Singapore in this ongoing effort of educating our Filipino workers on saving a n d e nt r e p r e n e u r s h i p. Financial literacy is crucial to equip them with information and empower them to take greater responsibility for their future,” said Peñaranda. Aside from this orientation seminar, POLO organizes regular livelihood training activities as well for overseas Filipino workers. The topic for July was on swine raising conducted by Singapore-based Filipino veterinarians (Beterinaryo SG). Peñaranda was invited to the training activity to talk about investing in food and agribusiness. DTI, with its core programs and initiatives, continues to encourage entrepreneurs/PAGE 11
Ayala Education Delivers Affordable, Quality Learning and Employability APEC Schools and U of Nueva Caceres Achieve Strong Enrollment Growth
As part of Ayala Corporation’s commitment to improve the lives of Filipinos by reinventing industries through innovation, Ayala Education, Inc. (AEI) has focused on giving a large part of the population access to a modern and high impact learning experience that leads to fulfilling professional careers. “Ayala Education’s vision is to provide affordable, quality education that significantly improves employability. This is in line with our goals of reducing unemployment and enabling inclusive growth, by producing globally competitive graduates,” said Fred Ayala, AEI CEO. In 2013, AEI launched Affordable Private Education Centers (APEC) Schools, a chain of 27 low cost high schools in Metro Manila. In
2015, it acquired a majority interest in University of Nueva Caceres (UNC), one of the leading universities in the Bicol region. It plans to continue growing APEC organically, and to invest in other leading universities throughout the country. Industry Value Add Drives Employability By leveraging its deep understanding of what skills and values employers seek, and its extensive expertise in training young Filipinos to succeed in today’s workforce, AEI has developed several programs that help bridge the skills mismatch problem: (1) PEP (Professional Employment Program), which is offered in the last semester of college, (2) LINC (Learning with Industry Collaboration), which is offered in Senior High School (grades
11 and 12), and (3) Junior High School (grades 7 to 10). These programs incorporate the same key features: (1) Mastery of English, (2) Technology Immersion, (3) Learning by Doing, (4) Positive Values and Work Habits and (5) Key Inputs from our Employer Partner Network. PEP college graduates across a variety of industries in the NCR have achieved average starting salaries 51% higher than the minimum wage, and LINC graduates in the NCR have achieved average starting salaries 25% higher than the minimum wage, despite only completing Grade 12. These results compare favorably with those of the average college graduate in the NCR, who earns only 17% higher than the minimum wage. Innovation Results in
Affordability AEI has also designed its offerings to be low cost by taking advantage of economies of scale and efficiencies. For example, APEC Schools is offering its Senior High School (SHS) afternoon shift at Zero Top Up, or no cost to students, i.e. all in costs (inclusive of all fees, books and air conditioning charges) are P22,500, which is equivalent to the SHS Voucher that DepEd provides to all public school Grade 10 graduates. “We are very pleased that we can provide a good education even to those who are most disadvantaged, through our partnership with the government. Almost 25% of our students are scholars or holders of DepEd vouchers,” said Beth Lui, APEC Schools CEO.
Strong Enrollment Growth As a result of AEI’s value for money offerings, enrollment growth for the 2016-2017 school year has been strong. In Naga, UNC grew by from 7,400 to 7,700 despite the lack of incoming freshmen due to the implementation of K-12. UNC’s LINC SHS opened the new school year with 800 students, making it the largest SHS in Camarines Sur, in terms of enrollment. In Metro Manila, APEC Schools grew by over 200% from 3,300 to 10,300 this year, exceeding its target of 9,000. “We attribute the strong growth to the positive reaction of students and their parents to PEP, LINC, and Ayala Education’s efforts to deliver great learning experiences and careers to our graduates at economical prices,” said Ayala.
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1000 residents benefit from army, local govt ‘Hatud Serbisyo’ mission I M PA S U G O N G , B u k i d n o n — Mo r e t h a n 1,000 residents from remote K a l a b u g a o a n d Ha g p a villages, benefited from the two-day “Hatud Serbisyo” mission conducted by the army’s 8th Infantry Battalion, 4th Infantry Division and l o c a l gove r n m e nt u n it
(LGU) of Impasugong town, Bukidnon. With the theme “Serbisyuhan ang katawhan ug panalipdan ang yutang natawhan (Ser ve the people, protect and defend homeland),” the ‘Hatud S e r b i s y o’ a c t i v i t y w a s organized by Impasugong
Musculoskeletal pain and discomfort in the workplace By Jeanevit J. Solera, RN
According to the Bureau of Labor Statistics, Economics Ne w s R e l e a s e s , 2 0 1 4 , occupations like Clerks, Pol i c e She r i f f Pat rol Officers, are one of the High Risks Occupations for Musculoskeletal Disorders. Office workers are at risk of developing Musculoskeletal Disorders (MSD) due to the repetitive wok activities and awkward postures which may cause pain during work or at rest. There is strong epidemiological evidence that physical demands of work can be associated with increased reports of back symptoms, aggravation of symptoms and injuries (Ferguson et. Al, 1997). According to the World Health Organization, industrialized countries have about 1/3 of health related absences from work due to Musculoskeletal Disorders. This data strengthens the need to inform the office workers of the nature of MSD and the necessar y pre c aut ionar y steps to prevent and reduce the occurrence of work-related MSD as this can hinder their productivity and can cause log-term musculoskeletal disorders. Individual’s health, fitness and strengths can affect the ability to perform tasks. It is essential that in order for the office workers to carry out daily work activities with ease, free from discomforts, worker’s health and safety issues should be taken into consideration in relation to performing his/her job. It is important to note that one of the major occupational safety and health issue is workedrelated musculoskeletal disorder. In d e t e r m i n i n g t h e occurrence of work-related MSD, the first pain is a signal that muscles and tendons should rest and recover. Some workers experience sensations of ‘pins and needles’, numbness, skin color changes, joint stiffness, muscle lightness and redness and swelling of affected area. Furthermore, the Canadian Centre for Occupational Health Safety (2014) has identified three stages of work-related MSD namely: - Early stage where aching and tiredness of affected area occurs during the work shift
and disappears at night and on days off. - Intermediate stages where aching and tiredness occur early in the work shift and persist at night. - Late stage where aching, fatigue and weakness persist at rest which results to the inability to sleep and perform light duties. Prevention is an effective means of combating workrelated MSD’s if action is taken early through in the process. When movements and postures are performed over prolonged periods, working conditions should be changed. Proper repositioning and reducing repetitive movements can help in preventing workrelated MSD’s and office workers should be educated on self-exercises they can do to prevent work-related MSD’s. Prevention options like self-exercising programs that can be performed by workers at their own time and place and it’s practice should be supported by the employer and employee. Below are some of the activities to prevent MSD’s. Position Suggestions - Joints must be in neutral position and it must be stretched to the least possible extent. - Keep work close to the body thus preventing outstretching of arms. - A twisted trunk strains the back and causes undesirable stress to the spine. - Alternate postures a s we l l a s m ove m e nt s for prolonged posture an repetitive movements. - Avoid excessive reaches. Limit forward and sideways to avoid having to bend over or twist trunk - Limit the weight of the load lifted. A common and collective effort should be adhered to by the employers, employees, and regulating bodies in practicing safety measures to determine and prevent the occurrence of work-related musculoskeletal disorders. It is the employer’s statutory and moral responsibility to safeguard the health, safety and welfare of the worker’s to take reasonably practicable steps to prevent avoidable injuries (Waddell et. al, 2001).
LGU led by Mayor Anthony A. Uy, with the army’s full support as part of the unit’s advocacy in upholding peace and development through stakeholders’ engagement. Lt Col Lennon G Babilonia, 8IB commanding officer, said the army’s participation in the mission is par t of t he s oldiers’ role in the 21st century— focusing, among others, in providing basic health
services to the people—as imbibed in the Internal Peace and Security Plan Bayanihan, the government’s counterinsurgency program. The ‘Hatud Serbisyo’ a c t i v it i e s h app e n e d at Kalabugao covered court at 9:00 a.m, 12 August 2016, where services like releasing of pension, circumcision, medical consultation, massage, tooth extraction, and haircut were provided.
On day-two, in Hagpa village, similar services were also conducted as Mayor Uy and the town councilors led the mission. Likewise, other government agencies also shared some information on programs, thrusts, and services of their respective organizations. Impasug-ong town mayor commended the Armed Forces of the Philippines,
Philippine National Police, LGU, and other concerned agencies for making the two-day “Hatud Serbisyo” program a success. “ This activity is the result of the government’s strong desire in making sure that ser vices reach remote communities. Through continuous stakeholder engagement, the convergence program that benefit/PAGE 11
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Spray... from page 1
doing it,” he said. If Lopez’s time permits, he said they will tour her to one of the banana plantations in Mindanao to show her the best practices of PBGEA members, especially on aerial spraying. Antig noted that some advo cates are claiming that aerial spraying brings environmental and health hazards to nearby communities. He explained that agricultural aircrafts that large banana companies are utilizing are equipped with global positioning system (GPS) that allows them to spray on targeted areas and eliminate risk of drifting away to nearby communities. Antig said banana companies are spending so much on aerial spraying that they could not afford to waste it. Each aircraft can cover 200 hectares an hour as compared to drone that covers only 2.2 hectares an hour. “Our planes are equipped with GPS, a mechanism that will open and shut off when near the buffer zones,” he said. The PBGEA head said the banana industry has been operating in Mindanao for 50 years but no clear reports of deaths were recorded due to aerial spraying. “Contrary to reports that a lot of people die, they could not provide names,” he said of the industry’s critics. “We’ve b e e n a s k i ng the same question to the Department of Health, and a lot of non-government organizations (NGOs). They cannot come up with names,” he said. Antig said he wondered why the industry has become the subject criticism as compared to other crops that use more chemicals. “Why zero in on bananas? We contribute to the biggest revenues of Mindanao in terms of employment,” he said. (Antonio L. Colina IV / MindaNews)
Moresco... from page 1
Vincent K. Pelaez has pointed out that Moresco II has not prepared any contingency in the event that the Supreme Court (SC) ruled against its petition to grant real property tax exemption. Moresco II representatives headed by general manager Ronel Cañada attended the SP regular session last Monday supposedly to seek help from the Sanggunian on the matter but were instead rebuked by provincial board members. Mr. Pelaez said the SC decision had forced the Moresco II board to loan around P40 million so it could pay its real property taxes that have never been collected for the past 25 years. It can be recalled that Moresco II had filed for tax exemption owing to its status as a cooperative but after a long legal battle, the SC had decided with finality on the issue. The loan would be passed
on to consumers spread by gradual increase in power rates in a ten-year period. “Despite that, electricity prices are still high compared to other utilities. In Cagayan de Oro for instance, I pay only P2,500 a month for my bill. With basically the same appliances, I pay P8,000 for my father’s house in our hometown in Misamis Oriental,” Mr. Pelaez said. Mores co II supplies electricity in 12 towns and one city in Misamis Oriental. Its counterpart in the western side, Moresco I, enjoys relatively sound financial status and has rapport with its consumers, engaging them in various fora and community projects. B e c aus e of t h is , SP members are set to vote on a resolution asking Moresco I to consider buying out Moresco II and assume control of the controversial utility.
DOLE... from page 2
establishment, if applicable; Company’s Organizational Chart; Other employment records/documents as necessarily applicable; and Accomplished Employment Profile. DOLE Caraga regional director Atty Evelyn Ramos is also expected to grace the said activity. Ending labor contractualization is one of the campaign promises of President Rodrigo Duterte, which his administration is focusing on today.(NGBT/ PIA-Surigao del Sur)
Hurst... from page 4
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…
PDIC... from page 5
two (2) valid photo-bearing IDs with their signature. D e p o s itors w ho are below 18 years old should be represented by a parent. For these depositors, a photocopy of the child’s Birth Certificate issued by the National Statistics Office (NSO) or a duly certified copy issued by the Local Civil Registrar is required. The parent should sign the Claim Form and the other requirements. In addition, all depositors who have outstanding loans or payables to the bank have to approach the PDIC Loans Team prior to the settlement of their deposit insurance claim. PDIC will not accept claims which are incomplete or lack the requisite documents. The deposit insurer may also require other documents in the course of processing of claims. Depositors who are not
able to file their claims during the claims settlement operations period in the mentioned bank sites may submit their claims either through mail to PDIC or personally at the PDIC Public Assistance Center, 3rd Floor, SSS Bldg., 6782 Ayala Avenue corner V.A. Rufino Street, Makati City starting on August 29, 2016. In accordance with the provisions of the PDIC Charter, the last day for filing deposit insurance claims in the closed Rural Bank of Cabadbaran (Agusan), Inc. is on July 30, 2018. After this date, PDIC as Deposit Insurer shall no longer accept any Rural Bank of Cabadbaran (Agusan), Inc. deposit insurance claims. The PDIC said that all valid claims will be paid. As a rule, a claim is valid if it is filed by a depositor or claimant with valid identification, and such claim is duly evidenced by a passbook, certificate of time deposit or other evidence of deposit, or otherwise supported by the records of the bank. PDIC, as Receiver, has the authority to adjust the interest rate on unpaid interests on deposits of a bank if such rate is deemed unreasonable. Meanwhile, claims of persons or entities against the assets of the bank must be filed with the Deputy Receiver of the bank either at the bank premises not later than the third week of August 2016 or at the PDIC Public Assistance Center (PAC), up to October 3, 2016. Claims filed after October 3, 2016 shall no longer be considered. For depositors of the bank with deposits that exceed PHP500,000, the claim for the uninsured portion of their deposits is already deemed filed with the Deputy Receiver of the bank upon receipt of the maximum deposit insurance payment of PHP500,000 from PDIC as Deposit Insurer. Thus, there is no need for the depositor to file a separate claim for the uninsured portion. The prescriptive date for claims on uninsured deposits shall be the same as the prescriptive date for filing of deposit insurance claim or on July 30, 2018. For more information on the pay-out process and requirements, depositors may contact the Public Assistance Department at telephone numbers (02) 841-4630 to 31, or e-mail at pad@pdic.gov. ph. Depositors outside Metro Manila may call the PDIC Toll Free Hotline at 1-8001-888-PDIC (7342). The procedures and requirements for filing of deposit insurance claims are also posted in the PDIC website, www.pdic. gov.ph. The Claim Form and format of the Special Power of Attorney (SPA) may also be downloaded free of charge from the PDIC website.
Launch... from page 6
offers fabrication services in ide ation, 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 last May 20, 2016 to present the FAB LAB services to potential clients at the DTI Lanao del Norte Negosyo Center. DTI Lanao del Norte Provincial Director Ruel Paclipan describes FAB LAB as a technical prototyping platform for innovation and invention that could help make prototypes and products such as equipment, machinery and electronic g a d ge t s ; s c a l e mo d els , 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 atORO RM 122, Level CAGAYAN DE MAIN BRANCH P & J Lim Bldg., Tiano Brothers 1 College of Engineering, Kalambagohan Sts., Tel. # (08822) 727-829 * MSU-IIT, A-Bonifacio Ave., Telefax # (088) 856-1947 Iligan CAMIGUIN City, Philippines BRANCH Aranas St., details Poblacion, Mambajao, ForB. more contact Camiguin Tel. # (088) 387-0491 LemuelCORRALES ClarkBRANCH P. Velasco, Corrales+63935-868-8933, Ave., Cagayan de Oro City phone: DIVISORIA BRANCH email: fablab@g.msuiit.edu. Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City ph, fablab.msuiit.edu.ph, Tel. # (088) 857-3631 fablabs.io/fablabmindanao, LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City fb.com/FabLabMindanao Tel. # (088) 231-6739 (With a report from LVG/ CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City PIA-10 LDN)
Villar...
Tel. # (088) 231-2011
from page 7
year, to be followed by the redevelopment of existing malls. RECORD GROWTH Earnings of Golden Haven, a developer of memorial parks, soared 49% to P40.08 million in the second quarter, from P26.95 million in the same period a year ago. This pushed its six-month net income 23% higher to P84 million, from P68.2 million a year ago. Revenues, which are mostly from real estate sales, increased by 36% to P217 million in the April to June period, and by 30% to P418.85 million in the six-month period. In a regulatory filing, Golden Haven attributed the revenue growth to higher sales in memorial parks and columbarium vaults. At the same time, income from interment services rose showed double-digit growth, by 36% to P6.94 million in the second quarter and by 37% to P13.916 million in the January to June period. “ T h e C omp any w i l l continue its strategic expansion throughout the country by acquiring land that
will focus on key locations. The previously announced memorial parks in Bambang and Pampanga are set to formally launch by this year, while over 30 hectares of new properties are eyed for new projects of the Company, which include locations in South Luzon and Visayas,” Golden Haven chief operating officer Maribeth C. Tolentino was quoted as saying in a statement.
Ayala... from page 7
of motorcycles produced in the Philippines to China through KTM Singapore and under the brand KTM R2R. It will sell 40% to AC Industrial’s wholly owned f i r m Ad v e nt u r e C y c l e Philippines, Inc. for local distribution. The partnership will source 40% of materials in the Philippines and other members of the Association of Southeast Asian Nations. It has tapped 12 local suppliers thus far. The engine of the motorcycles, priced around P170,000 locally, will be imported from Europe, Mr. Tan said, noting: “We want to produce the engine but not yet.” As it moves to manu f a c tu r i ng c ars by
“actively” pursuing foreign partners, AC Industrials plans to acquire capacity to produce engines in the Philippines.“If I wait for someone to bring it here, it will take so long, but that’s not our plan. Our plan is to take over a company that makes the engine and bring it here,” Mr. Tan said.
Entrepreneurs... from page 8
Filipinos in the countr y and abro a d to e x pl ore bu s i n e ss opp or tu n it i e s in the country and assist micro, small and medium enterprises (MSMEs) in different industries. One of its programs catered to local entrepreneurs is the establishment of Negosyo Centers across the country. The Center provides access to information, training, credit facilities and other forms of assistance. (PNA)
Benefit... from page 9
emerged from consolidation of efforts from line agencies with different functions were all shared with only one goal. That goal is to help the Filipino community build a nation,” the mayor said. (Erwin P. Bugarin, CMO, 8 I B, PA / R L R B, PIA 1 0 Bukidnon)
CDO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947
DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631
CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491
LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739
CORRALES BRANCH Corrales Ave., Cagayan de Oro City
CARMEN BRANCH Vamenta Blvd.,Cagayan de Oro City Tel. # (088) 231-2011
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thursday|august 18, 2016