BusinessWeek Mindanao (August 19, 2016)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 032

Market Indicators

As of 6:15 pm august 18, 2016 (thursday)

FOREX

PHISIX

US$1 = P46.306

7,952.81

6.7

X X Briefly

cents

6.62

points

Regulating LPG BUTUAN City -- The provincial government of Agusan del Norte now regulates the business operations of Liquefied Petroleum Gas (LPG) in the province with the recent approval of Provincial Ordinance No. 426-2016, authored

by Provincial Board Member Virgilio R. Escasiñas, Jr. The ordinance covers all refilling plants, re-fillers, haulers, dealers and retailers of LPG with business operations in the province regulating the hauling, refilling, dealing and retailing of LPG and the manufacture and repair of LPG cylinders.

Under the said ordinance, to ensure the safety and quality of the LPG sold to the public, the cylinder containing the LPG should bear all the information set forth in the Philippine National Standards. All LPG business operators are required at all times in their establishments or outlets and within the sales areas accessible to the public the maintenance of a weighing devices duly calibrated and sealed annually by the Provincial Treasurer, the Department of Science and Technology (DOST) or any other government agency authorized therefore and which shall accurately measure LPG cylinders up to one-tenth (0.1) of one kilogram.

No exemption SECRETARY Gina Lopez has warned that all operating mining projects, whether big or small, will be covered by the audit being done by the Department of Environment and Natural Resources (DENR).

“We’re doing all -- small, big, everyone,” Lopez told in a press conference. “All mining areas will be audited, all ECCs (environmental compliance certificates), permits, everything will be audited in the light of the common good.”

She said the DENR won’t hesitate to shut down all mining operations found to have violated environmental and health and safety laws and regulations.

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PH outperforms China in economic growth www.businessweekmindanao.com

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Friday | August 19, 2016

By ANTONIO COLINA IV, MindaNews

D

AVAO City -- The Philippines is the fastest growing economy in Asia after it posted a gross domestic product (GDP) growth of 7 percent in the second quarter of this year, outperforming even the economic giant China, which grew at 6.7 percent.

SPARKLING LIGHTS. Bright lights and colorful fountain during night time attract people to the Gaston Park in Cagayan de Oro City. PHOTO BY GERRY LEE GORIT

Sarangani coal power plant boosts Alsons Group revenues to P3.2 B

By MYRNA VELASCO, Contributor

THE newly commissioned Sarangani coal-fired plant of the Alsons Power Group buoyed

the revenues of its parent firm to P3.2 billion in the first half, up 28-percent from last year’s

In a press conference on t he 2nd quar ter 2016 rep or t on t he Philippine economy, Nat i on a l E c on om i c Development Authority (NEDA) Dire c tor Ernesto Pernia said the country’s second quarter economic performance this year is higher than the 6.8-percent GDP growth recorded in the first quarter.

The second quarter growth also surpassed the 5.9-percent growth noted in the same period of 2015.

“Among the major emerging economies – Asian economies – the Philippines likely remains the fastest or second fastest, at least among the growing economies, in the second quarter of 2016, followed

by China which grew at 6.7 percent, Vietnam at 5.6 percent, Indonesia at 5.2 percent, Malaysia at 5 percent, and Thailand at 3.5 percent,” Pernia said The second quarter GDP is well also within growth/PAGE 7

P2.5 billion.

This was indicated by publicly listed Alsons Consolidated Resources, Inc. (ACR) in its boosts/PAGE 7

NGCP warns operators against breaching safety clearances SYSTEM operator National Grid Corporation of the Philippines (NGCP) is warning construction equipment operators on the dangers of working ne ar

transmission lines and breaching right-of-way clearances.

Last May 6, a crane, operating in violation of NGCP’s rightof-way safety clearance, caused

a “flashover” at the QuezonMexico 230-kiloVolt (kV) transmission line, damaging the line conductor and ngcp/PAGE 7

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Economy All systems go for 25th Minbizcon Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

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URIGAO City -- “It’s all systems go,” bared Concepcion Pacqueo, president of Surigao

S

Chamber of Commerce and Industry (SCCI) and conference director of this year’s Mindanao Business

Conference (MinBizCon).

The event, which is set on Aug. 24-26 at the Philippine Gateway Hotel,

this city is anchored on the theme, “Mindanao: ASEAN’s Emerging Economic Hub.” The said event is the biggest

BU T UA N C it y - - T h e prov inc i a l gover nment of Agusan del Norte now re g u l ate s t he bus i ne ss operations of Liquefied Petroleum Gas (LPG) in the province with the recent approva l of Prov inci a l Ordinance No. 426-2016, authored by Provincial Board Member Virgilio R. Escasiñas, Jr. The ordinance covers all refilling plants, refillers, haulers, dealers and retailers of LPG with business operations in the province regulating the hauling, refilling, dealing and retailing

of LPG and the manufacture and repair of LPG cylinders.

Under the said ordinance, to ensure the safety and quality of the LPG sold to the public, the cylinder containing the LPG should bear all the information set forth in the Philippine National Standards. All LPG business operators are required at all times in their establishments or outlets and within the sales areas accessible to the public the maintenance of a weighing devices duly calibrated and sealed annually by the Provincial Treasurer, the

Department of S cience and Technology (DOST) or any other government agency authorized therefore and which shall accurately measure LPG cylinders up to one-tenth (0.1) of one kilogram.

Operators are also required to display or post a signboard outside the store premises to inform the public and the authorities that they have complied with the provisions the said ordinance to contain the name and owner of the store, name of the company/manufacturer of the LPG offered for sale, price

of the LPG product variants and invitation to consumers to verify the weight of each LPG product variant.

O t h e r re qu i re m e nt s include the provision of fire alarms, fire extinguisher and fire suppression devices and guides in case of LPG related accidents per revised building code of the province; the delivery service for the lpg/PAGE 7

AgNor regulates business operations of LPG

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

annual gathering of business l e a d e rs , p ol i c y m a ke rs , exporters, traders, and exhibitors in the islandregion.

Paqueo said around 500 individuals have already confirmed their participation and they are still counting up to 800 participants from different regions in Mindanao and some in Luzon, Visayas and even foreign businessmen.

The three-day event will be full of learning sessions especially on new business trends, business opportunities and linkages.

Other side events are also lined up for participants to enjoy and that include

a worthwhile partnership made with the Surigao City Tourism Office and Surigao Travel and Tour Operators Association.

The said event is running on its 25th year, hosted by different business chamber in Mindanao and this year’s host the SCCI is hopeful that this will be another milestone for the province in terms of economic progress.

For registration and more information please visit the SCCI office located at the Provincial Sports Complex, Surigao City or call at telephone number (086) 8267716. (SDR/PIA-Suriga del Norte)

God’s Amazing Power

By Glomela Sale Lofranco - Teacher I San Miguel Elementary School

I never had thought miracles can happen anytime. I never know how to share anyone our story. How else could I tell the world to hold on to God always.

Sixth of April 2015 would have been a day where I and my sister would have been shattered. Devastated and broken-hearted we do not know what to do and where to go. What greatest thing I only had in my pocket was my rosary beads. It is the only thing that I never detached from my body.

Our father had a total respiratory failure, wherein any second he would have d i e d. By t he n , he w as intubated, with all the powerful machines to aid him to breath, confined in the hospital, Intensive Care Unit (ICU).

The doctor said that two- week time is too long for a patient to have that tube on, it could worsen his throat. By then the t h r e e - t i m e e x t u b at i o n failed. All those trials never made father breath on his own. So after the doctors explained the next phase, I signed the papers for the operation, my father will undergo “tracheostomy” an operation making a little hole somewhere in front of the neck for him to breath.

But this operation never had a 100 percent survival guarantee and this made us worry a lot on the post operation or after care of him.

So right after I signed we are told to pay for the down payment to have the operation right away. But

we never knew God’s power had been working on us.

We never knew that all we had experienced in that summer were miracles from heaven. God had his delaying t e c h n i q u e s . He n e v e r provided us the amount for the down payment. The operation was delayed. In two weeks time we agonized.

What else then, we prayed and prayed until the doctor as if out of her mind pulled out the tube slowly, right then what an amazing thing he continued breathing, the doctor told us to observe him until finally he c breathed on his own so then we shouted, laughed and cried for joy.

The scheduled operation never happened because of that miracle. God’s power is so amazing. To God Be the Glory!

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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FDA: bottled water “high risk food product”

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

ALLAN mario MEDIANTE

Vice President for Corporate Affairs

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Vice President for Administration

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NELSON CONSTANTINO Editor-in-Chief

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Feature Editor

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LIFE’S INSPIRATIONS: “… `Everything that lives and moves about will be food for you. Just as I gave you the green plants, I now g ive you e ver yt hing’…” ( G e n e s i s 9 : 3 , t h e Holy Bible).

-ooo FDA: BOT TLED WAT E R “ H I G H R I S K FOOD PRODUCT”: Here’s a totally scary information c om i ng f rom t he Fo o d and Drugs Administration (FDA) of the Philippine D e p ar t me nt of He a lt h : b ottled water, w hich is t he s ou rc e of d r i n k i ng w ate r for m i l l i ons and millions of Filipinos today, is classified by the FDA as unsafe because it is a “high risk food product”.

In FDA Circular No. 2 0 1 6 - 0 1 4 w h i ch i s dated August 12, 2016, bottled water, along with many other food items, are d e t e r m i n e d by t h e gove r n me nt to c ont ai n har mf u l chemic a ls and pathogenic microorganisms that support the for m at i on of tox i ns or the grown of pathogenic microorganisms (please see http://thestandard.com. ph/dailypdf/2016-08-18).

What are pathogenic microorganisms?

According to Global Fo o d S a f e t y R e s o u rc e , i n i t s w e b s i t e w w w.

Philippine Press Institute

drinks.

“3. Cream (plain) and cream analogues.

A. Pasteurized cream (plain). B. Sterilized and UHT creams, whipping and whipped creams, and reduced fat creams (plain).

C. Clotted cream (plain).

D. Cream analogues.”

-ooo WHAT IS FDA DOING ABOUT “HIGH RISK FOOD PRODUCTS”? In our succeeding columns, we will list down the other food products and drinks that the FDA classified as “high risk food products”.

The people ought to know that there is such a classification made by the agency of government in charge of looking after the people’s welfare when it comes to food and drinks they eat and imbibe.

My only concern here is this: if the FDA determined that these food products and drinks are “high risk food products”, what is it doing to either prevent their sale to Filipinos, or to make sure that our health is fully safeguarded from the debilitating effects of these food items?

The incomprehensible thing for me here is that FDA Circular No. 2016014 is not even concerned about addressing the health risks posed by the food

K akampi

Mo A ng Batas

Atty. Batas Mauricio and drinks it classified as “high risk”. That circular is focused merely on a system of registration of thes e products by the companies that make them, as if to s ay, it is ok ay to ma ke such dangerous food and drinks as long as they are registered with FDA. Wow! -ooo PLEASE WATCH OR L I S T E N : “ Ta m b a l a n g B a t a s a t S o m i n t a c ”, a news-commentar y radio program, aired at DZEC 1062 kHz and other Radyo Agila provincial stations, and is aired live (and which can be subsequently accessed) at https:// w w w. f a c e b o o k . c o m / RadyoAgila1062/?fref=ts, and at www.youtube.com, 6 to 7 i n t he mor ni ng , Philippine time. Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

Living in God’s presence

Oro Chamber

Shortcuts to Paradise Think a minute…A man walked into a bar for a drink and said: “Bartender, I’m in trouble, so make it a double!”

Many of us struggle with painful, real problems: no money, no job, unwanted pregnancies, family violence, unhappy marriages. Many of us are truly desperate, looking for shortcuts to our own paradise! And there are plenty of shortcuts t o p ar a d i s e out t h e re : alcohol, drugs, sex outside of marriage. So we get drunk or “high” and numb our brains with drugs, or find cheap sex to try to forget our problems for a couple of hours. And even though we know that these quick escapes destroy our own body and family, or cause us to lose our job, we keep doing them.

The simple fact of life is that there are no shortcuts to paradise. So when you take that cheap substitute for paradise in that bottle or drug, or have sex with that someone who’s not your wife or husband, you’re walking into a dangerous trap from which you may never get free. It may feel good for a short time, but it will eventually drain and rob you of everything you have, little by little, day by day.

Until you finally realize that

globalfoodsafetyresource. c o m ( h t t p : / / globalfoodsafetyresource. com/fo…/p at hogenicorganisms), they are o r g a n i s m s “c ap a b l e o f causing disease in its host. A human pathogen is capable of causing illness in humans. Common examples of pathogenic organisms include specific st rains of b ac ter i a li ke Salmonella, Listeria and E. coli, and viruses such as Cryptosporidium…”

-ooo OTHER FOOD ITEMS “CAPABLE OF CAUSING SICKNESS”: But that is not the only scary information F DA d i s h e d out i n it s C i rc u l ar No. 2 0 1 6 - 0 1 4 dated August 12, 2016. It also classified many other food items and drinks as high risk food products and are therefore unsafe.

By way of public service, I am listing thes e fo o d items and drinks here.

Under the heading “dairy products and analogues: 1. Milk and dairy based drinks. A. Milk (plain) and buttermilk (plain).

B. D ai r y b as e d d r i n k s , flavored and/or fermented (e.g. chocolate milk, cocoa, eggnog, drinking yoghurt, w he y b as e d dr in ks). 1.

Fermented and renneted m i l k pro du c t s ( p l a i n ) , excluding dair y based

THINK

A Minute

Jhan Tiafau Hurst your paradise has actually turned your life into the worst nightmare.

So do you want a “high” or “buzz” that never runs out? A “fix” that doesn’t steal your life, but instead gives you the satisfying one you’ve always wanted. It’s the right and only cure for your marriage and money problems, and best of all it’s free! If right now you’ll sincerely ask Jesus Christ to forgive you for your wrong living, and to take complete charge of your heart and life, Jesus will give you the strength and willpower to quit those bad habits and stop taking cheap substitutes and shortcuts to paradise.

It simply makes sense that only your Maker can give you the paradise life you were created to enjoy. Just Think a Minute…

This is the ideal condition for us here in this world.

We need to live in God’s presence since in the first place our life is supposed to be a life with God. We are meant for it. We are actually equipped and enabled for it also. And obviously there is an objective basis for this.

God is everywhere. He is omnipresent. This is how one of the psalms describes this reality: “Whither shall I go from your presence? If I ascend to heaven, you are there! If I make my bed in Sheol, you are there! If I take the wings of the morning and dwell in the uttermost parts of the sea, even there your hand shall lead me,and your right hand shall hold me.” (139,7-10) Christian theology e x pl ai ns t h i s t r ut h by teaching us that God is present everywhere, that is, in all things and in all persons, by the mere fact of their existence, since God is the giver and maintainer of the existence of everything and of everyone.

More than that, God’s presence is not merely passive but active. He is always intervening in the existence of all the creatures, ever applying his wisdom through the ceaseless providence that he exercises over all his creation whose nature he always respects,

upholds and defends.

In our case, since we are of a rational nature that necessarily exists with freedom and responsibility, and that makes us image and likeness of God, he is present in us also through his grace, which is his way of sharing his life with us.

We need to process all these details about this truth of God’s omnipresence, so we can correspond to it as we should, that is, knowingly and willingly.

This correspondence of ours to God’s presence in us is always possible and do able, no matter how imperfectly it is done. We just have to be aware of this truth and learn to live it effectively.

And true enough, we have a lot to learn in this regard.

Obviously, we have to overcome certain difficulties, first of which is a certain awkwardness, since our natural condition has to adjust to the supernatural reality of God present and acting in us.

We are usually dominated simply by what our senses and other human and natural conditionings show us.

What we need is to have a theological mind, a kind of outlook that is guided by faith, hope and love, more than anything else. To be sure, to develop a theological mind is not simply a purely

intellectual affair. It comes as a result of a deep piety, fueled by God’s grace that gives us faith and love.

And then we have to contend with the reality of our sinfulness and its consequences. Our usual human tendency when faced with this reality is to run away from God, instead of going to him, begging for his mercy. We tend to jump from the pan to the fire.

Still not everything is lost, since God, in his allpowerful love and mercy and in his own mysterious ways, would know how to bring us back to him. We just have to correspond to his interventions as much as we can.

May it b e t h at ou r thoughts are also God’s thoughts. And may our words and actions not be just our words and actions, but also God’s. That’s how we are meant to be!

On God’s part, everything has been provided for us to reach the goal. He always g ives us his g race. He sends us the Holy Spirit, our sanctifier with his gifts and fruits, so that we can concur with God’s actions and designs.

We’ve been given God’s word, a living and definite revelation so we can enter into the mind of Go d.

We have been given the

HINTS

and

Traces

Fr. Roy Cimagala sacraments and the Church itself, so that God continues to be with us and in us in a very direct and abiding way while still journeying in this earthly life.

We have to do our part to reciprocate God’s providence over us. We need to develop a theological mind, thinking always interms of our faith, and not just with our reason and senses. We have to aim at nothing less than being contemplatives, able to see God ineverything and everything through the eyes of God. If we put our mind together, we can achieve what is really meant for us. We just have to be aware of what is involved and consistent in putting into action what we know and realize about our life, thanks to our faith, regardless of the difficulties and mistakes. roycimagala@ gmail.com.

VI S I T OU R WEB POR TAL

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special thanks to :

Aldrin Valdehueza Jawo Demecillo Marvin Arrabaca Marvin Ramos Evelyn’s Dormitory

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CorporateWorld

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Star, Inc. inks deal with Tp-Link

S

TAR Telecom Alliance Resources, Inc. (STAR, Inc.), the parent company of Philippine smart devices brand Starmobile, has announced that it has officially struck a distribution agreement with international network solutions company TPLINK. According to STAR, Inc. Chief Operating Officer Jerry Manus, the company will soon provide reliable network devices such as routers, APs, and switches in partnership with Systems Integrators (SIs) nationwide.

Coinciding with its 5th year of operations, this will be the company’s first step in expanding its business beyond smartphones and tablets and into providing connectivity solutions to home, SME, and enterprise clients.

“The growth of these sectors and the rise of a young and tech-savvy middle class have increased the

Enters home, SME, and enterprise network solutions market

demand for dependable connectivity solutions,” said Manus. “With STAR, Inc. being one of the country’s leading Filipino technology brands, we are more than equipped to respond to this need.”

“We are very happy to partner with STAR, Inc.,” said TP-LINK Country Manager Sidney Zheng. “With their exp er tis e in retail and product management, we are confident that we will be able to expand our presence in the Philippines” As a nationwide distributor, the company will be able to offer the full range of TP-LINK products and solutions to various customers, from up-andcoming establishments who want to offer Wi-Fi to their customers, to large scale projects like business process outsourcing companies (BPOs) and real estate developments.

With TP-LINK renowned globally for offering smart

connectivity solutions at prices more affordable than competitor brands, this agreement also strengthens STAR, Inc’s position as a tech company that makes innovative products and services more accessible for more Filipinos. “ TP-LINK w i l l help us realize our dream of being the leading provider of connectivity solutions to Filipinos,” Manus said.

“Even the Philippine Government realizes the need for information and communications technologies with the creation of the DICT,” he added.

Manus refers to the Department of Information and Communication Technolog y, which was established by the Aquino Administration under the DICT Act of 2015 or also known as Republic Act (RA) No. 10844.

The new department underscores the importance

of ICT as it is tasked to become the “primary policy, planning, coordinating, implementing and administrative entity of the Executive branch of the government that will plan, develop and promote the national ICT development agenda.” “ TP-LINK’s products can potentially enhance the connected lifestyle which Starmobile has already pioneered with its line of smartphones and tablets,” Manus said.

For more information on STAR Inc. and Starmobile, v i s i t w w w. s t a r m o b i l e . com.ph or facebook.com/ starmobilephones.

A STAR-STUDDED STORY Established in 2011, Starmobile is the mobile devices division of Star Telecom Alliance Resources, Inc. (STAR, Inc.). It is founded by telco industry exp er ts w it h extensive experience in retail and product development.

Since it first offered Android devices, Starmobile has officially become the winningest Philippine smartphone brand with a slew of innovation awards from

reputable media outfits. The company’s flagship KNIGHT series, has won top awards since 2013—a feat that has not been replicated by any local device company.

Republic of the Philippines Regional Trial Court of Misamis Oriental 10th Judicial Region Branch-20 Cagayan de Oro City HOME DEVELOPMENT MUTUAL FUND ( PAG-IBIG ), Petitioner/Mortgagee, - versus – ROBERTO A. NAVALES married to EMILY JANE L. NAVALES. Respondent/Mortgagor. x---------------------------------------------------/

EJF FILE NO. 2016-353

OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL FORECLOSURE EJF-FILE NO. 2016-353 Upon extra-judicial petition for sale under Act No. 3135 as amended

by Act No. 4118, filed by HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG), a corporation duly organized and existing under Philippine Laws, with principal office address at The Atrium of Makati, Makati Ave., Makati City. Against ROBERTO A. NAVALES married to EMILY JANE L. NAVALES, both of legal age, married, Filipino, with postal address at Lot 16, Blk. 17 Bloomingdale Subd., Iponan, Cagayan de Oro City, to satisfy mortgage indebtedness which as of July 4, 2016, amounted to FOUR HUNDRED SEVENTY SEVEN THOUSAND FIVE HUNDRED THIRTY ONE & 55/100 PESOS (Php477,531.55), Philippine Currency, inclusive of interest and penalty charges, attorney’s fees and expenses of foreclosure, the undersigned or duly authorized deputy will sell at Public Auction on October 25, 2016, at 10:00 a.m. or soon thereafter at the main entrance of the Tourism Hall Building, at City Hall of Cagayan de Oro City to the highest bidder, for CASH or manager’s Check in Philippine Currency, the following property/ ies described below with all the improvements included thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-196528 “ A PARCEL OF LAND with all IMPROVEMENTS THEREON (LOT 16, Block 17, Pcs-10-003948, Portion of: Lots 3615-B, Psd-10-04675, 24178-A, Psd-10-009444, 3614-A-1-B, Psd-10-009566, 24178-B-1, Psd-10-010320, 24178-B-2-A, Psd-10-052968, 24178-B2-B1, Psd-10054199, 24178-B-2-B-6, Psd-10-054199, 4178-C-1, Psd-10-054997, 3605, Cad. 237, Cagayan Cadastre. As Surveyed for: Liberty Land Corp., Land Use: Residential. Location: Iponan, Cagayan de Oro City. Island of Mindanao Xxx Containing an area of FIFTY (50) sq.m.

Registered in the name of ROBERTO A. NAVALES married to EMILY JANE L. NAVALES. All sealed bids must be submitted to the undersigned on the above-stated time and date. In the event Auction Sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication.

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

Done this 9th day of August, 2016, at Cagayan de Oro City, Philippines.

(Sgd.) CELESTIAL VENUS G. GELBOLINGO

Sheriff IV

TP-LINK Philippines Country Manager Sidney Zheng (Left) with STAR, Inc. Chief Operating Officer Jerry Manus.

BWM: Aug. 19, 26 & Sept. 2, 2016

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Growth... from page 1

the 6.1 to 7.2 percent market expectation for the current period, he noted.

Pernia said the growth in the second quarter is boosted by the industry sector with 6.9-percent growth from 6.1 percent during the same period last year, and the services sector, expanding to a growth of 8.4 percent from 6.7 percent.

Biggest GDP growth contributor was the services sector at 4.8 percentage p oints, industr y sector 2.3 percentage points, but agriculture sector posted a -0.2 percentage point.

He s ai d t he g row t h improves the countr y’s probability to attain the revised 2016 Development Budget Coordinating C ommittees approved projection of 6 to 7 percent by end of the year.

The NEDA chief said the previous administration left a strong and stable economy posting at a strong 6.8-percent growth in the first quarter of the year that made it possible to sustain the growth.

He vowed to keep the existing sound macroeconomic and fiscal monetary policies of the previous administration.

“It is also encouraging to note that the growth has been investment-driven. However, the challenge is to make this growth inclusive so that more people contribute to and benefit from it,” Pernia said.

He also emphasized to develop the competitiveness of the markets and improve the business climate to leverage on the new stage of investments in the region.

Pernia added they need to help the least performing sectors and geographic areas to benefit from the new opportunities.

Dismal growth Battered by El Niño during the first semester of the year, the agriculture sector dragged the GDP after it decelerated to 2.1 percent from 0.1 percent during the same period of 2015.

“The performance of the agriculture remains dismal at -2.1 percent due to the effects of El Niño. There is also a developing risk of La Niña phenomenon that will likely intensify between the months of August and October this year,” he said.

This dismal growth signals for a crafting of wholistic development policies that include disaster resiliency to counter the impact of calamities on the agriculture sector that employs the most number of the country’s labor force.

Household consumption, meanwhile, strengthened, posting a 7.3-percent increase in the second quarter from 6.4 percent of the same period in 2015 while government consumption expanded to to 13.5 percent from 2.4 percent.

Investments also strengthened to 27.6 percent in the second quarter in 2016 from 21.4 percent of the same period last year.

The exports also grew at 6.6 percent in the second quarter as compared to 5.1 percent recorded during the same period last year, while the imports expanded to 20.9 percent from 12.6 percent.

Boosts...

from page 1 disclosure to the Philippine Stock Exchange (PSE), mainly highlighting the financial contribution of its 105MW Sarangani facility that came on stream April 29 this year.

The c o m p a n y ’s reinforced top line, ACR said, “was mainly due to the commencement of the first 105MW section of Sarangani Energy Corporation.”

C ompany officials previously indicated that the new plant will likely lift the company’s overall profitability by P160 million to P180 million this year.

That will account for the first eight months of the Sarangani plant’s commercial operations, while better outcome is expected for full year in 2017.

“The first section of the SEC plant began operating in April 29 of this year to provide much-needed baseload power to over 3.0 million from the provinces of Sarangani, Compostela Valley, Davao del Norte, Agusan del Norte and Agusan del Sur; and the cities of General Santos, Iligan, Butuan, Samal, Tagum and other major population centers of Mindanao,” Alsons Power has noted.

The Sarangani plant was blueprinted to have its second unit of another 105MW capacity that will be due for commercial commissioning around 2019.

Alsons Power Group just announced recently the award of the $280 million worth of engineering, procurement and construction (EPC) contract to JGC Corporation of Japan; and notice-topro ceed had als o b een subsequently served.

The next phase of the Sarangani plant will almost coincide with the company’s other coal-fired power project of another 105MW capacity for its San Ramon venture in Zamboanga City.

Parallel project developments are also being advanced by the Alcantara group on the renewable energy space – starting with the 15MW Siguil run-of-river hydropower project that is also anticipated on-line by 2019.

The firm indicated that their higher-end target

of hydropower ventures would reach as much as 185 megawatts for various sites in Mindanao; as well as a more advance prospect in Negros Occidental.

Solar is their next target foray, but this will be set on a more organic portfolio growth depending on the viability of projects they have been eyeing in Mindanao, primarily in General Santos.

NGCP... from page 1

concrete scaffolding used in the construction site near the line. A similar crane breach occurred on June 1 at the San Jose-Hermosa 230-kV line, this time resulting in a dented generator set and damage to construction equipment.

These are the 4th and 5th incidents involving crane breaches this year alone.

Even small obstructions can cause line faults and endanger the entire grid. An incident at the Doña ImeldaPaco 230-kV line last April 26 only required a strand of wire from a nearby on-going building construction to fall on the line conductor. This violation of line-to-ground clearance caused the line’s momentary outage.

The increasing occurrence of safety breaches by construction companies is a cause for alarm for NGCP as it risks the stability of power transmission delivery. In 2015, a total of 13 incidents were recorded across the country, with the most severe cases resulting in line tripping due to entangled wires, burns on the line conductors, and flashover marks on other equipment that come in contact with the line.

“We emphasize the nature of NGCP’s transmission lines as equipment carrying extremely high voltages.

NGCP transmission facilities carry anywhere between 69,000 volts to 500,000 volts. Compare this to the power supplied by our outlets, which is only 220 volts. Lines need not be physically touched to cause accidents. Breaching safety clearances, without physical contact with the high voltage equipment, is enough to disrupt transmission services, cause damage to equipment, or worse, electrocution. We implore the construction equipment operators and project managers to exercise an abundance of caution and strictly observe safety clearances when operating cranes or any tall machinery near or under transmission

lines,” appealed NGCP. As a preemptive measure, NGCP reiterated that local building officials and contractors should adhere to DILG Memorandum Circular No. 2008-103. The said circular encourages local government units to “advise their local building officials to require contractors, who will be undertaking construction activities near high-voltage p ower t ransmission or distribution lines, to secure clearance from [NGCP] or from the Electric Distribution Utility operating within the area, prior to the issuance of building permit.”

NGCP, which took over TransCo’s operations in 2009, is appealing for the Circular to be strictly implemented b y L G Us t o p r e v e n t accidents or electrocution.

“Securing clearance from NGCP before the start of construction activities near high-voltage transmission lines will guarantee safer and smoother operations for these contractors. At the same time, we spare the grid from possible line trippings or power interruption,” urged the company.

NGCP is a privately owned corporation in charge of operating, maintaining, and developing the country’s power grid. It transmits highvoltage electricity through

KNOWN ALL MEN BY THESE PRESENTS:

(Sgd.) IVY REYES TONGCO Municipal Civil Registrar BWM: Aug. 12 & 19, 2016

BWM: Aug. 19, 26 & Sept. 2, 2016

Office of the Municipal Civil Registrar NOTICE OF PUBLICATION

In compliance with section 5 of R.A. 9048, a notice is hereby served to the public that Bobby Russel Geronilla Angelo has filed with this office a petition for Change of Name from Russel to Bobby Russel in the birth certificate of Russel G. Angelo who was born on October 29, 1953 at Buriasan, Kapatagan, Lanao del Norte and whose parents are Inocencio A. Angelo and Esther G. Angelo.

Any person adversely affected by said petition may file his written opposition with this Office not later 15 days.

LPG... from page 2

LPG shall secure conveyance certificate/permit from the Bureau of Fire Protection; and provision of information materials in the form of information board, brochures and emergency information kit to prevent LPG related accidents; logbook where the weight and condition of LPG cylinders sold and inventory are recorded for inspection by authorities; and the manufacture and/ or repair of LPG cylinders should be accredited by the Bureau of Product Standards under PNS 03:2000.

Non-compliance of the

said requirements of the ordinance and other violations that include selling LPG with tampered/defaced cylinder labels, selling underfilled LPG cylinders, illegal refilling, selling adulterated LPG and transporting/handling LPG cylinders in a vehicle enclosed cargo space, are penalized accordingly. First violation-reprimand and a fine of P1,000 for every count of violation. Second Violation-second warning plus a fine of P1,500 for every count of violation. Third and subsequent violations – fine of P2,500 for every count of violation and/or imprisonment not exceeding 30 days, upon the discretion of the court and revocation of business permit.

A Ta s k F o r c e L P G headed by the PDRRMO was also created, which shall be exclusively responsible to effectively enforce the prov is i ons of t he s ai d ordinance. (Aimee B. Sienes, LGU-Agusan del Norte/PIAAgusan del Norte)

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 43 Gingoog City

EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND

Th i s EXTR A- JU D IC IAL SETTLEMENT WITH DEED OF ABSOLUTE SALE is made and entered into this 18th day of August 2016 in the City of Cagayan de Oro, Philippines, by and between: HEIRS OF SPOUSES PONCIANO V. FLORES & LUZMINDA G. FLORES, represented by their legitimate children, namely: JOCELYN FLORES BONJE, RENATO G. FLORES, MA. SUSAN G. FLORES, VEVENCIO G. FLORES (deceased) represented by his daughter: MARY JANE G. FLORES, MARIVIC G. FLORES, CHRISTINE G. FLORES, AND ALLAN G. FLORES, AND ALLAN G. FLORES, all of legal age, Filipino citizen, with residence and postal address at District 6, Calaanan, Cagayan de Oro City, hereinafter referred to as the HERS/SELLERS; AND INGRID S. MINOZA AND JOEY T. MINOZA (spouses), of legal age, Filipino citizen, spouses with residence and postal address at Mabas, Balulang, Cagayan de Oro City hereinafter referred to as the BUYER/VENDEE; That the abovenamed parties, are all of legal age, are the legitimate children and sole heirs of the deceased PONCIANO V. FLORES, who died on September 05, 2008 and LUZMINDA G. FLORES, who died on August 16, 2010, all died in Dist. 6 Calaanan, Canitoan, Cagayan de Oro City. That the said deceased, at the time of their death, left a parcel of land situated in DIST. 6, CANITOAN, CAGAYAN DE ORO CITY and more particularly described as follows: LOT 3923-D containing an area of 211 square more or less is the subject “EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND” Under Notary Public of EMELITO J. MARQUIÑO, per Doc. No. 158; Page No. 31; Book No. XI; Series of 2016;.

Republic of the Philippines Region X Province of Lanao del Norte Municipality of Kapatagan

“power superhighways” that include the interconnected system of transmission lines, towers, substations, and related assets. The consortium, which holds the 25-year concession contract to operate the country’s power transmission network, is comprised of Monte Oro Grid Resources Corp. led by Henry Sy, Jr., Calaca High Power Corporation led by Robert Coyiuto, Jr., and the State Grid Corporation of China (SGCC) as technical partner.

OFFICE OF THE CLERK OF COURT & EX-OFFICIO SHERIFF NOTICE OF EXTRA-JUDICIAL SALE File No. 221-2016 Upon Extra-Judicial Petition for sale under Act 3135 as amended

by Act 4118. Filed by ORO INTEGRATED COOPERATIVE., with principal address at Yacapin-Tiano Sts., Cagayan de Oro City, against SPS. MARK G. KHO and HAIDEE P. KHO, LEMUEL VALDEVILLA and ARTURO G. CASISON of Brgy. 20, Gingoog City, Misamis Oriental, to satisfy the Mortgagee indebtedness which as of June 08, 2016 have amounted to FIVE HUNDRED TEN THOUSAND SEVEN HUNDRED FIFTY SEVEN PESOS AND 90/100 (P 510, 757. 90) and TWO HUNDRED TWENTY NINE THOUSAND FIVE HUNDRED THIRTY FIVE AND 94/100 (Php 229, 535.94) excluding liquidated damages, other charges and foreclosure expenses and other fees incurred in the foreclosure proceedings, the undersigned sheriff will sell at publication auction to the highest bidder for CASH on October 10, 2016 at 9:00 o’clock in the morning to 4:00 o’clock in the afternoon at the Office of the Clerk of Court, Regional Trial Court, Dugenio St., Gingoog City, the following properties with all the improvements existing thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. 16976 “A PARCEL OF LAND (Lot 4 – A. Psd-10-060243, being a portion of Lot 4. Pcs-10-004082) situated in Poblacion, City of Gingoog, Province of Misamis Oriental, Island of Mindanao. Bounded on the North by NW Lot 4-B; on the South by Lot 9. Pcs-10-004082; on the East by NE Road Right of Way; and on the West by SW Lot 4-B. Beginning at a point marked “1” on plan, being S. 80 deg., 29’E., 2015.85 m. from BLLM-1, Cad-295. Thence: 1-2 S. 35 deg., 00’E., 10.50 m.

2-3 S. 76 deg., 38’W’.,

9.00 m.

3-4 N. 27 deg., 03’W., 10.00 m.

4-1 N. 76 deg., 21’E., 7.50 m.

Containing an area of EIGHTY (80) SQUARE METERS MORE OR LESS. All sealed bids must be submitted to the undersigned on the above stated date and time.

In the event the public auction should not take place on the said date, it shall be held on the next working day without further notice, posting and republication.

The prospective buyer/s may investigate for themselves the title of the herein described property/properties and the encumbrances thereon, if any there be.

Gingoog City this 9th day of August 2016.

FOR THE EX-OFFICIO SHERIFF BY:

BWM: Aug. 12, 19 & 26, 2016

(Sgd.) FLORA C. PEREZ Sheriff IV RTC-Branch 43 Gingoog City

8

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BusinessWeek MINDANAO www.businessweekmindanao.com

lifestyle

Friday | August 19, 2016

The Night Stalker:

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COHARA honors Judges & Partners in Kumbira’s 20th Anniversary Party “Now we’re not only teaching but also learning from the competitors.”

T

he Cagayan de Oro Hotel and Restaurant Association (COHARA) honored judges and partners in an evening show dubbed “Kumbira Moments” to mark the 20th anniversary of the flagship annual culinary show and competition now acknowledged to be the biggest and best outside Metro Manila.

COHARA President Nelia Lee, Cagayan de Oro City Mayor Oscar Moreno and DOT-X RD Butch Chan cut the ribbon to open the 20th Kumbira at the Limketkai Mall Atrium August 17, 2016. Photo by Mike Baños, NPN

The evening extravaganza hosted by LimketkaiLuxe Hotel through Mr. & Mrs. Albino Limketkai of Limketkai Sons Inc. honored eight Kumbira judges who have served in that capacity for the last decade and beyond.

Honored were Chef Alejandro “Sandy” Daza

(10 years), Chef Josefina “Jessie” C. Sincioco (11 yrs), Chef Myrna Segismundo (11 yrs), Chef Penk Tan (13 yrs), Ms. Michaela “Micky” FenixMacabenta (13 yrs), Chef Dietmar Dietrich (13 yrs, also the first corporate judge invited in 1996); Chef Norbert Gandler (14 cohara/PAGE B2

Age Is Just A Number I celebrated my birthday last August 17 at home with my family.

It was just a simple and laid-back celebration.

We already celebrated weeks ago in Hong Kong so when they asked me what I wanted to do on my birthday itself, I just told them, I want to watch some movies at home, bake, cook and eat dinner together on my island table (my favorite spot) at my kitchen wearing my most comfortable outfit.

So we did.

I love spending important occasions at

home because it’s my favorite place in the world.

I was happy that my son, Dominic, got home early from school yesterday. For some reason they were dismissed early.

When we were about to start baking some Chocolate Chip Scones and everything was ready, the power went out. These days, there are always brownouts here in the city.

What a timing! We had to

stop everything because my oven is electric.

We always look for something positive in every situation, so we decided to watch the movie “Confessions of a Shopaholic” using my MacBook Pro in the kitchen with Dominic’s Bose speakers. Big screen with good quality sounds.

We had fun! The house helps watched with us as empress/PAGE B3

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friday|august 19, 2016

SSS disburses P7-B in pension adjustments to over 154,000 retirees in 1st half The Social Security System (SSS) released a total of P7.21 billion in pension adjustments to over 154,000 qualified retirees in June this year, after the agency completed its special project on the manual verification and reposting of members’ contributions for the period 1985 to 1989.

The pension adjustments resulted from the management’s initiative in examining the lumped 1985-1989 contributions of members affected by a system upgrade in the late ‘80s.

In the past, pensioners submitted individual requests for manual verification for possible pension adjustment.

But in 2011, the SSS management created a special team which focused on all records of pensioners without the need for submission of an individual request and pay whoever is qualified for a pension adjustment.

“We initiated this project to give pensioners what is due them without demanding for it. We already sent out letters to qualified pensioners who

received their pension adjustment last June.

For others, they may call the SSS Hotline at (02) 920-6446 to 55 or email at member_relations@ sss.gov.ph to verify the details of their pension adjustment, if any,” said SSS President and Chief Executive Officer Emilio S. de Quiros, Jr. Not all pensioners are entitled to pension adjustments for there are members whose contributions for 1985 to 1989 were already manually verified during the processing of their

benefit application.

There were also cases where the reposting had no bearing on pension computation so there were no corresponding pension adjustments.

De Quiros said that 90 percent of the 154,357 retirees under the first tranche of pension adjustments received an average back payment per pensioner of P51,883, while the remaining 10 percent received P100 or less in accrued differential amounts which were disbursed along with their regular monthly pension.

Cohara...

Congratulations!”

An observation shared

by Chef Nobert Gandler of ISCHAM: “What is amazing is if you look back 20 years, it is still the same men and women, and for this I congratulate you because it may sound easy to those on the outside but once this is finished you have to go back to do it again for next year and that’s just fantastic.

Congratulations!

Indeed, the level of competition and culinary expertise has risen so that Chef Jessie Sonciocor admits it even changed some of her previous perceptions.

“Every year I come here is memorable but I was surprised with the specialty of Cagayan: the sinuglaw.

It was the first time I was able to taste the dish and at first I was kinda hesitant to eat it, because with us combining fish with meat is a no-no. It made something unacceptable, acceptable!”

Chef Myrna Segismundo, managing director of Restaurant 9501, ABS-CBN’s multiawarded exclusive executive dining restaurant, stressed on the key role played by competitions in uniting the nation.

“Most of us here on stage were at one point competitors. We grew up in the culinary arena pitted against each other.

Sometimes winning over the other, sometimes losing. But I must say that it is in our blood to compete from when we started.”

“I started to compete to know if I was doing the right thing. Because working is a corporate working environment, is very different from the commercial establishment.

So we needed to go out there whether what we were doing was in synch the trends, the skills, and finding ourselves in that arena helped us and brought us to where we are now, giving back to students, to professionals.”

“If in the past it was about winning, because it was pride for us. As you grow in wisdom over the years, you know it is about teaching. And it is also about learning. And so as I go around the country, my heart has always been in the provinces.”

“Even as we grew up in Manila competing in the bigger arena, as they said before, that arena is no longer in Manila now.

As the new president said, Imperial Manila is dead. The action is in the provinces. And clearly I would say in the next six years, in Mindanao.”

“With that in mind, it is your chance to get even bigger. But I would like to say that the Philippines is not only about Mindanao.

It’s also about Luzon and Visayas, and that is what the National Food Showdown is all about.”

“I have actually retired, I shouldn’t be doing the National Food Showdown anymore. But I do this to unite Luzon, Visayas and Mindanao on that stage. I hope to be able to continue this with the help of friends, people ask: how long have you been doing this in the provinces, and do you have a contract with this people. I don’t think so, it’s all a matter of friendship and a hand shake. And if you check there is no piece of paper at all that binds us together all these years.”

Chef Penk Tan concurred. “It’s really a learning ground for all of us, for me especially because I can see the evolution of the work, the art, from one to the other. And then I see them competing and through the time they are competing internationally for some of the competitors from the provinces.”

“It’s such a fulfilling thing for us to see we were judging them and eventually they compete so it’s more a learning experience for me for all that I’ve seen. At the same time, the friendship grows,

I was telling the organizers I shouldn’t be here because I have two other competitions abroad. But I chose Cagayan because it’s family to me now.”

Chef Jessie spoke for all the honored judges in echoing the same sentiment: “Coming to Cagayan de Oro, I feel so at home with the people here.

Napakabait ng mga Kagayanons. Feeling VIP kami dito that’s why it’s always nice to come back.”

Asked what they thought was the quality that enabled Kumbira to grow through two decades, Chef Sandy Daza immediately replied, “Humility!”

“To be able to operate something as successful as this, and being born in the business, you need a lot of humility to do that. That’s my observation. You have to give a lot and compete, and then accept winning, accept losing, that takes a lot of humility.”

Also honored with special citations during Kumbira Moments were local chefs Isidro “Titing”L. Sobriano, executive chef of The VIP Hotel and Benje A. Gaviola, executive chef of LimetkaiLuxe Hotel.

COHARA also honored its Kumbira Partners including the Department of Tourism Region 10, represented by Regional Director Catalino “Butch” E. Chan III; Nestle Professional (thru Mr. Zander Tangingco, Country Business Manager); Del Monte Philippines, Inc. (thru Ms. Holiday Jean Tapia-Gono, Food Service Marketing Head); Philippine Spring Water Resources, Inc. (thru Mr. Lemuel Ceballos, Regional Sales Manager); Limketkai Sons Inc. (thru Mr. Albino Limketkai, CEO); Solane Isla LPG (thru Mr. Jojo Nazareno, Operations Manager); TW & Co./La Germania (thru Ms. Melende Abao, Branch Manager); and BusinessWeek Mindanao (thru Mr. Dante Sudaria, Publisher/CEO).

from page B1

yrs.) and Chef Eduardo Tuazon (18 yrs).

In a sharing segment following the awarding rites, the judges shared their experiences and insights of Kumbira during the years they were involved in it.

Said Ms. Micky FenixMacabenta, food writer, columnist and editor of FOOD Magazine: “When I came here I didn’t know what I was supposed to do but when I went through the motions with Chef Norbert. I said this is so interesting because it is a way for the people working in the industry to improve themselves through the chefs who come here as judges since I don’t think there were any culinary schools when we started.”

However, Celebrity Chef Sandy Daza noted, because of Kumbira, the situation has drastically changed over the years.

“When I first came here during the 90s, I saw there was nothing much, but every year I came back, I could see an improvement not only in the participation of those who would join the competition, but also in the entries, plus in the cuisine around the city. And every year it became better, and better, and better when they were learning from us,” he said.

“Now we’re beginning to learn from the entries, now it’s the opposite.

To us judges, this has become something we look forward to every year. Not only because we have a grand time, it’s a learning experience for us also and to me I credit that to the organization of COHARA. I see a wonderful band of selfless and humble people, the organizers, that makes this event every year so successful. If we have an organization like this, in the entire country, not only in culinary competitions, we will have a very progressive country.

“The average amount of monthly pension increase per pensioner for all 154,357 retirees covered by the first tranche of pension adjustments was P515.

This also translates to an additional payout of P79.5 million per month,” he said.

The project to verify member’s contributions is ongoing so there will be future payments for qualified pensioners. The second tranche of pension adjustments for death and disability pensioners under the Social Security

(SS) Program is scheduled in December 2016. The third tranche, which is for retirement, SS death and SS disability pensioners with a contingency date prior to May 24, 1997 as well as those with EC pension adjustments, is set in June 2017.

Meanwhile, the pension fund recorded a net income of P16.28 billion for the first six months of the year fueled by contribution collection and investment income.

“Our net income would have been higher if not sss/PAGE B3

Celebrity Chef Sandy Daza shares his Kumbira exprience along with other notable chefs and judges during Kumbira Moments held 16 August 2016 at Limketkai Luxe Hotel

FOOD Editor and Columnist Micky Fenix-Macabenta shares her insights on Kumbira during Kumbira Moments held 16 Aug 2016 at LimketkaiLuxe Hotel

Chef Myrna Segismundo stressed the key role of culinary competitions in uniting the country

Chef Sandy Daza shares his insights on Kumbira

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friday|august 19, 2016

SSS...

from page B2

for the P7.21 billion in pension adjustments paid to qualified retirees last June,” De Quiros said.

Contributions, which are considered the lifeblood of SSS, comprised 82 percent of total SSS revenues for the first half of 2016. Nearly 90 percent of contribution collections were remitted by employed members amounting to P61.41 billion, up nine percent from P56.45 billion for the first half of 2015.

“Stronger loan collections helped boost SSS investment income.

The Loan Restructuring Program offered to

borrowers with unpaid short-term member loans contributed P664.15 million in interest income since it was launched in April 28 this year. SSS income from housing loans also increased by 42 percent to P170 million due to improved collections from delinquent loan accounts,” de Quiros noted.

Six-month operating expenses almost remained flat from P4.06 billion last year to P4.38 billion in 2016 even with the absorption and hiring of service bureau personnel for special projects such as the reposting project for the 1985 to 1989 contributions.

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

Empress...

for the pasta sauce In a non stick skillet, from page B1 heat olive oil, sauté well. We all had a good white onions chopped, laugh! After 2 hours of garlic chopped, red bell waiting, the electricity pepper sliced, button came back on! mushrooms sliced when The Scones were not cooked, add 2 boxes of bad at all. Here’s the Nestle all purpose cream. easy recipe - 3 cups all Season with salt and purpose flour, 1/3 cup pepper. Add in cooked granulated sugar, 1 tsp.

Penne pasta (follow salt, 2-1/2 tsp. baking cooking instructions in powder, 1/2 tsp. baking pack). Add a little pasta soda, 3/4 cup unsalted water to the sauce. I butter (cold and cubed) served this with Cheese and 1 cup buttermilk.

Hungarian (I bought at Just pre-heat your oven S&R) that I coated in to 400F. Lightly grease olive oil before I cooked 2 baking pans and set them in my Turbo aside. In a large bowl, Roaster. Simple but so combine flour, sugar, good. salt, baking powder If you have questions, and baking soda. Add don’t be shy to text or butter and cut with fork message me. Photos until the mixture looks of scones and pasta coarse. Make a well in at my website - www. the middle and add EmpressMichelleFrancisco. buttermilk. Mix until com just combined and do not The moment I over mix. Add chocolate reached my 30’s, I don’t chips or raisins. Transfer really count my age to a floured surface anymore. Like I just and divide into 2 equal forget about it. Literally! parts. Lightly knead into I have always believed 3/4 inch thick, 6 inch that age is just a number. diameter rounds.

Cut CDO MAIN BRANCH It’s all in the mind.

P &into J Lim Bldg., Tiano Brothers each round 8 wedges Think and feel young Kalambagohan Sts.,is what I always and place into your forever # (08822) 727-829 * baking Tel. pan. Space evenly. do.

Telefax # (088) 856-1947 Bake for 12-15 minutes One thing I never or untilCAMIGUIN lightly browned. BRANCH miss, though, on my For the I every birthday is to B. pasta, Aranas St., Poblacion, actuallyMambajao, just invented Camiguin make sure that I have a Tel. # (088) 387-0491 the recipe yesterday. cake and get to blow the Thought of what candle because I always CORRALES ingredients to combine BRANCH want to feel like a kid Corrales and would perfectly Ave., taste and to get to make-aCagayan de Oro City good. Here’s the recipe wish before blowing it.

Of course, share the cake with everyone else right after. I find it very happy.

Birthdays for me is a reminder to be grateful for another year in my life. Thank you so much to all who made my day special, to those who greeted me at

Facebook and sent me text messages. I really appreciate all the love.

May God bless us all!

Love,

M

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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