BusinessWeek Mindanao (August 23, 2017) by Mindanao Daily News

BusinessWeek MINDANAO CREDIBLE

Volume VIII, No. 33

Market Indicators

As of 5:30 pm August 22, 2017 (tuesday)

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Avian task force BUTUAN City -- While there is no reported case of bird flu infection in Caraga Region yet, agriculture officials said they are not taking any chances. A multi-agency task force will be reactivated anytime this week to coordinate the region’s efforts to prevent the entry of infected poultry products in local markets, said John Gamboa, chief of the Integrated Laboratory Division at the regional office of the Department of Agriculture (DACaraga). Gamboa clarified that the region’s poultry products remain fit for human consumption. He added that preventive measures are being undertaken following the “unfortunate incident” in San Luis, Pampanga, where a bird flu outbreak has been confirmed. He said the Regional Avian Influenza Task Force (RAITF) will be tasked with monitoring possible avian flu cases and establish measures to prevent potentially compromised poultry products from entering the region.

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NEA plans big loans to electric coops www.businessweekmindanao.com

By MYRNA M. VELASCO, Contributor

TATE-run agency National Electrification Administration (NEA) will be funneling bulk of its P4.9-billion budget for 2018 to loans and energization projects of electric cooperatives (ECs).

P15.00

Wednesday | August 23, 2017

It said the credit window for the ECs could come in the form of either short- or long-term loans – and could be utilized for their required capital spending and other electrification ventures.

Of the proposed budget for the agency for next year, tangibly specified to be released as loan to ECs would be P1.7 billion. The budget for NEA had been presented to the

C ong re ss on Thurs d ay (August 17), as part of the deliberations to next year’s General Appropriations Act. As f l e she d out , t he allocation for the agency loans/PAGE 11

CDO beefs up security for annual festival THE Cagayan de Oro City Police Office (Cocpo) vowed it can handle all the security concerns for the month-long feast of the annual “Higalaay Festival 2017.” Pol i c e C h i e f Insp. Mardy Hortillosa II, Cocpo spokesperson, said no terror threat is, so far, imminent in the city during the entire festivities despite the monthslong siege in nearby Marawi City.

There is no need for any reinforcement from the Police Regional Office 10 (PRO-10), Hortillosa said, in contrast to last year’s festival which required security augmentation from the Regional Public Safety Battalion (RPSB). Hortillosa added that trainees from the Regional Training School (RTS) might act as security augmentation security/PAGE 11 HEIGHTENED ALERT. Security forces stand guard to ensure a peaceful celebration of Cagayan de Oro City fiesta in honor of patron saint, St Augustine, on August 28. photo by gerry lee gorit

Wide energy base BUTUAN City -- Department of Energy (DOE) Secretary Alfonso G. Cusi called for the widening of the energy base with efficient and reliable power sources at the Asia Cooperation Dialogue (ACD) event held recently in Panglao, Bohol. In his keynote address at the opening of the three-day ACD, Cusi said the strategy can help nations secure their energy needs while addressing the challenges of climate change and energy affordability. “We have a diversified energy mix, with nearly 24 percent of our power being sourced from renewable sources. And this diversified mix has proven to be competitive and sustainable,” Cusi said. To achieve security and sustainability requires a three-pronged approach driven by three “Is” - incentives, investments and innovation, according to Cusi.

IN-DEPTH

Grab mulls expanding operations in Davao By LILIAN MELLEJOR, PNA

CALM WATER. A boatman clears his way from the thick water hyacinth along the Agusan River bank in Butuan City. photo by jun ayensa

DAVAO C i t y - - G r a b Philippines is mulling on expanding its GrabC ar operations in Davao City which is now under study if it’s feasible amid a good taxi system here. Leo Gonzalez, head of the

Public Affairs, said Grab is testing the environment in Davao City if Davaoenos are ready to pay higher fares for a more convenient ride. Gonzalez stressed the company is looking more on the demand side under

such operation. He said the company has already expressed interest with the Land Transportation and Franchising Board (LTFRB) to operate in the city. GrabCar is a car-booking application that dispatches private vehicles. The app grab/PAGE 11

More daily tuna allocation for Davao market pushed By LILIAN MELLEJOR, PNA

DAVAO City -- The Bureau of Fisheries and Aquatic Resources in Region XI (BFAR-XI) on Monday bared it has submitted the request of the Davao City government to increase tuna allocation per day from the Davao Fish Port

for non-exportable products from 3.5 metric tons to 20 metric tons. BFAR-XI regional director Fatma Idris said, “I have already endorsed the request of the city government as facilitated by Davao City

Councilors Marissa Abella and Conrado Baluran.” Idris said the request was submitted to the Department of Agriculture central office last August 17. Idris said the 3.5 MT allocation was contained in the certification issued by tuna/PAGE 8

A fish trader inspects the quality of yellow fin tuna brought to Bangkerohan’s “bagsakan” in Davao City in this MindaNews file photo.

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Economy CDO to launch local ‘Rescue 911’ DTI gears up for IDP’s livelihood programs Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

wednesday|august 23, 2017

By MARK FRANCISCO, Staff Writer

CAGAYAN de Oro City will soon have its own localized 911 system in an effort to speed up dispatch of emergency services. A “localized” 911 dispatch system is seen to be faster, where calls will not have to be routed to a central emergency dispatch center outside the city, said City Disaster Risk Reduction and Management Office (CDRRMO) head Allan Porcadilla. Porcadilla explained that emergency calls under the nationwide Rescue 911 launched last year are routed in a central command in Manila before they are transferred to their respective origins. Cagayan de Oro, a city of 675,950 people, needs

a speedy rescue system to better respond to the emergency needs of its burgeoning population, Porcadilla said. Under the locallyoperated 911 rescue unit, Porcadilla said the city government will be able to directly receive calls and appropriate respond the nature of emergencies— medical, police, fire, bomb defusers, hazardous materials containment, and other emergency situations. The city’s CDRRMO has been consistently awarded for the past five years as the best local disaster management in Region 10. However, it recently received criticisms for rescue/PAGE 9

LIGAN City -- The Department of Trade and Industry (DTI) has intensified its efforts at providing livelihood programs for the internally displaced persons (IDPs) from Marawi City. In a recent visit to Sta. Elena Evacuation Center, Undersecretary Zenaida Maglaya of Department of Trade and Industry (DTI) said that “the livelihood assistance is the best help that the government could provide for the IDPs.”

“For them, iba yung pakiramdam na ikaw ay kumikita at alam mong may pera ka para sa mga pangangailanan mo at hindi ka talaga always aasa sa gobyerno. They want the government to help them get back to business”, said Maglaya. (For them, it is different to earn money and to know that you have something to spend for your daily needs without depending on the government.) In a related development, the Provincial Technology

and Livelihood Development Center of Lanao del Sur has provided 20 sewing machines for the production of malong by the IDPs. A total of 275 malong were produced and displayed at Kahimunan Trade Fair in SM CDO Downtown Premier, Cagayan de Oro City and at LDS GO Negosyo Center in Camague, Iligan City. A P5,000 worth of starting kit comprising clothing and sewing materials was also

provided by DTI. The Task Force Bangon Marawi (TFBM) will provide 100 sewing machines through the DTI. To date, DTI has negotiated with Robinsons-Iligan, Gaisano-Iligan and SM Cagayan de Oro to accommodate IDP traders or sellers. Plans for establishing Little Padian sa Iligan is still going on, as this would provide the IDPs a space for their business. (LEAntonio PIA-ILGN/LDN)

DSWD moves 4Ps pay-out anew

RPN Radyo Ronda Stations Nationwide

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

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

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

The Department of Social Welfare and Development decided to postpone indefinitely the pay outs of 21 municipalities throughout Region 10 due to the current technical glitches between DSWD and Land Bank of the Philippines IT Systems. In his letter to DSWD Field Office 10, Edgardo Micayabas, chief executive office of FICCO (First Community Cooperative) disclosed that it cannot proceed with the pay-out because his IT Team together with LBP is still on the process of configuring the IP Sec registration, one of the requirements of LBP’s

Regional Bids and Awards Committee for them to issue notice to proceed, purchase order, and funding for FICCO. A total of 21 municipalities from the Provinces of Camiguin and Misamis Oriental and one city of Bukidnon, have been affected by the postponement. This includes Catarman, Guinsiliban, Mahinog, Mambajao, and Sagay of Camiguin Province; Kitaotao, Cabanglasan, Libona, and Malitbog of Bukidnon; Alubijid, Balingoan, El Salvador City, Claveria, Gitagum, Initao, Kinoguitan, Libertad, Lugait, Manticao, Naawan

and Sugbongcogon of Misamis Oriental. FICCO is a conduit of LBP for the cash grant distribution of 4Ps beneficiaries. Prior to the current postponement, DSWD has scheduled the payouts this month of August. DSWD Field Office Regional Director, Nestor Briones Ramos, however, has officially requested LBP Central Office for the immediate resolution of the issue with FICCO. Payouts for 4Ps beneficiaries is set every two months. Northern Mindanao has more than 270,000 households 4Ps beneficiaries.

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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wednesday|august 23, 2017

CorporateWorld

Nestlé to export malt from Batangas plant

ESTLÉ Philippines, Inc. is looking to export processed malt to other countries once the company opens its new facility in Batangas by the end of the year. The food and beverage giant is currently constructing a P2-billion facility in Lipa, Batangas that will process cassava and barley to create protomalt, the chief ingredient in Nestlé’s Milo brand. The plant’s total capacity is at around 35,000 metric tons (MT)

Golden Haven profit up 24% in H1 ‘17

GOLDEN Haven Memorial Park, Inc. posted a net income of P104 million in the first half of 2017, up 24 percent from the PHP84 million in the same period the previous year. In a disclosure with the Philippine Stock Exchange (PSE) Friday, Golden Haven sad it closed H1 2017 with revenues amounting to P473 million, up 13 percent from P419 million in the same period last year. The listed firm attributed its strong performance in January to June period to higher sales of memorial lot and columbarium. “Expansion to new locations is our top priority,” Golden Haven Chairman Manuel B. Villar, Jr. said. “As the company continues to solidify its foothold as one of the country’s biggest memorial park developers, with six recent acquisitions for new locations and expansion, we aim to ensure that we also remain the most progressive in the industry, by providing top notch services as evidenced by the successful operations of the company’s first memorial chapel and crematorium,” he added. The company recently opened Golden Haven Memorial Chapel and Crematorium in San Ezekiel complex in Las Piñas. Golden Haven has eight memorial park developments nationwide with a total land area of 66 hectares. (PNA)

of malt annually, more than the 25,000 MT needed for local Milo production. “We’re opening, inaugurating a malt plant in Lipa that manufactures the main ingredient of Milo, which is protomalt… I think that will have (excess) for export,” said Ernesto S. Mascenon, Nestlé Philippines senior vice-president and head of corporate affairs, in an interview. He estimated the excess at 25,000, which may be for export to Singapore,

Malaysia and Africa, which he described as “big Milo markets.” The completion of the malt plant in the country will make it the group’s fourth in the world, after Singapore, Nigeria and Australia. “Normally we import

that from Singapore but now since we’re opening it here, we’ll be buying local cassava,” Mr. Mascenon said, noting that Agriculture Secretary Emmanuel F. Piñol is “very happy” with the investment. malt/PAGE 9

Retailers show faster Q2 growth on store expansion SOME of the country’s top retailers saw faster growth in the second quarter, on the back of their store expansion program and strong consumer demand. Puregold Price Club, Inc. improved its consolidated net income by 9% to P1.21 billion in the April to June period, from the P1.11 billion booked a year ago, according to a regulatory filing. The grocery operator owned by billionaire Lucio L. Co earned P2.49 billion in the first semester, up 9.8% from the P2.27 billion in the same period in 2016. Consolidated net margins was flat at 4.4% in the six months through

June. “We continue to see growth in both our Puregold and S&R businesses even without the benefits of election year,” Puregold President Ferdinand Vincent P. Co was quoted in the statement as saying. Consolidated net sales went up by an annual 10.8% — a shade above the upper end of its 8-10% guidance for the full year — to P56.6 billion in the first semester from P51 billion, fueled by the 26 Puregold stores and two S&R Membership warehouses that opened in 2016. Same-store sales inched expansion/PAGE 9

Opinion

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wednesday|august 23, 2017

Penalize utilities of outages

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Ruffy magbanua THE Movement for Blackout free Mindanao, a volunteer watchdog for the efficient and uninterrupted delivery of power in Mindanao has urged Congress to enact a law that would penalize Distribution Utilities (DUs) on t he e xc e ss ive ( re a d : abusive) occurrences of power outages or brownouts in their franchise areas. Study shows that power interruptions translate in immense productivity and welfare losses on the part of the consumers. Protracted electricity outages contribute severe,

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klaus doring

Christmas Everyday think a minute

jhan tiafau hurst T h i n k a m i nute… Just because Christmas is o v e r d o e s n’t m e a n w e must stop giving things to others. In fact, we should enjoy Christmas day every day of the year! We could call these daily gifts “Our daily Christmas celebrat ion.” At le ast 1 a day will make a big difference in your life and in the lives of others around you. Here are a fe w suggestions. Make peace with s omeone you quarreled with. Find a forgotten friend. Pay a long overdue debt. Be gentle and patient with an angr y person. Make a child h a p p y. M a k e o r b a k e s omething for s omeone els e - anonymously! L et go of a grudge. Make the time to listen to your

child’s real feelings and interests. Keep a promise. F o r g i v e n a n e n e m y. E xpress t han ks to your wife, husband, or children for w hat t he y do e ver y d ay. Bre a k a b a d h abit a n d s t a r t a n e w, g o o d one in its place. Speak kindly to a s t r a n g e r. L o w e r y o u r demands and expectations of others. Be honest. Take your wife out on a date. Work harder at your job a n d c a r e e r. S h o w t r u e compassion and put yourself in the other p e r s o n’s p l a c e . L a u g h and have fun with your family. Take the time to talk and listen to an older person. Offer to baby-sit for a tired mother. Buy someone a meal or an ice cream. Apologize if you’re wrong. Give your teacher a break and do your best. Give your students a break and be realistic in your requirements. Let’s make Christmas one life-long gift of ours elves to others. Oh yes, one more suggestion. Give you r l i fe t o Je s u s Christ by loving Him and living His way ever y day. After all, He died to give His life to you. Just Think a Minute…

phones, personal computers, etc.). They also incur costs from having to replace spoiled food and damaged electronics. Alternatively, they incur costs as well from being compelled to purchase backup energy generators, portable batteries, and surge protectors. In addition, the risk of accidents could be viewed to increase during power outages (e.g. no traffic lights, no street lights, etc.). Residential electricity users could also be viewed to incur indirect costs. Stress, discomfort, and exhaustion brought about by the power outage could adversely affect their behavior at home and their performance at work. Firms are viewed to incur tremendous productivity losses during power outages. Po w e r o u t a g e s w o u l d grind production to a halt – especially in machineintensive manufacturing firms. In addition, frequent restarts increase the rate of

depreciation of household machines and equipment. The immense cost of power outages should serve as sufficient impetus for both the government and the private sector to redouble existing efforts to guarantee energy sufficiency for the entire Philippine economy. There is an urgent need therefore to craft a long-term strategy to ensure that the country’s energy generating capacity can keep pace with the growing energy demands of its economy. The overarching goal and motivation of this measure should be to develop a holistic and integrated energy infrastructure capable of providing sustainable, reliable, and affordable energy to Filipino firms and households. Time has come for change in the way the energy sector should treat --fairly and squarely -- the millions of electric users with utmost respect to consumer rights and privileges. (ruffy44_ ph2000@yahoo.com)

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far-reaching, and deleterious consequences to the country’s macro-economy. Similarly, consumers stand to lose tremendous amounts of welfare should the y exp erience p ower outages or interruptions. Measuring the economic and welfare consequences of these power outages would thus serve to further underline the importance of putting forward measures to ensure the reliability of the energy supply – for the economy and Filipino consumers. In addition, the measurement of these losses would guide policy in the formulation of strategies to enhance system stability and reliability. Consumers and producers incur various types of costs during a power outage. Residential electricity users incur welfare losses from being unable to make use of their electronic devices for their leisure or comfort (e.g. television, airconditioning units, cellular

Yes, it’s again the topic, we should really think about. Also here in the Philippines. Ok, here’s anew string of examples, my dear readers. But, don’t expect good news. Greenland, the great island is being called already the Land of Ice being on fire. Why? A recent report says the Arctic may be ice-free by 2040. The Antarctic is also melting, albeit far slower, and in a less regular pattern. The Arctic is melting much faster than expected, and could even be ice-free in

summer by the late 2030’s, a report from the Arctic Council’s Arctic Monitoring and Assessment Program suggests. Previous studies had forecast an ice-free North Pole in summer by midcentury. Wow. While the outlook is bleak for the Arctic, there is a silver lining for the Antarctic: As I said before, the ice is melting at a slower rate than previously thought. Although glacier flow has increased since the 1990’s, scientists from University of Leeds have found the melting rate to be only around a third of what was previously projected. A section of a glacier in Greenland is seen from NASA’s Operation IceBridge research aircraft along the Upper Baffin Bay coast on March 27, 2017. Operation IceBridge studies the processes that link the polar regions with the Earth’s climate system. Rapidly changing polar ice

means researchers need to use highly sophisticated airborne technolog y to measure annual changes in thickness and movement onboard a retrofitted 1966 Lockheed P-3 aircraft. But the Antarctic is still melting. And a rapidly advancing crack in its fourthlargest ice shelf could soon see one of the largest icebergs ever recorded in human history break off into the sea. Scientists agree that global warming causes both the ice in the North and the South Pole to melt. Air temperatures are climbing, and so are water temperatures. This makes the ice melt faster. The period of winter where the water is actually cold enough to freeze is getting shorter, which means ice floes are getting smaller. Greenland, home to the world’s largest permanent ice sheet outside Antarctica, is being swept by wildfires. Yes, the land of ice is on fire.

A really breath away taking situation. Scientists say global warming and increased plant cover are likely factors. Since late July, wildfires have raged across an ever-larger area of the landmass - and with greater intensity - than ever before observed. Honestly folks, it really scares me although experts say it is too early to draw firm conclusions linking the fire to climate change because no long-term data is available to put the blaze in context. However, unusually warm and dry conditions this year could have been a factor. L e t’s f ace t h is: “It’s unprecedented in the short 18-year observational record,” Jason Box, a climate scientist at the Geological Survey of Denmark and Greenland, said in an interview with German TV yesterday. . “We also know that temperatures in Greenland are probably higher [than they have been earth/PAGE 9

PNP should publicize “orders of battle” on drugs Kakampi mo ang batas

Batas Mauricio LIFE’S INSPIRATIONS: “… I keep my eyes always on the LORD. With him at my right hand, I will not be shaken…” (Proverbs 16:8, the Holy Bible). -ooo PNP SHOULD P U B L I C I Z E “O R D E R S OF BATLE” VS. DRUG S U S P E C T S : To a v o i d

incredulity about claims by the Philippine National Police that the persons being killed in the course of its deadly anti-illegal drugs campaign are involved in drugs, it should take the initiative of immediately publicizing its dossiers or its so-called “orders of battle” specifically naming their supposed “high value targets”. This way, those truly involved in drugs could either leave, or stop their nefarious trade altogether, to avoid being killed in the on-going “tokhang” operations. Or, the innocent ones whose names appear in the list can perhaps seek the aid of the courts to clear their names right away. The objective here is transparency and, of course, putting an end to drugs.

President Duterte already did this anyway, even if only partially. If the President did disclose some names at the start of his fierce campaign on drugs, why can’t the police do the same thing? Doing this should compel them to be more careful in their operations, and therefore stop inflicting “collateral damage” against ordinary and law-abiding citizens. -ooo PUBLICIZING “ORDERS OF BATTLE” SHOW PNP SINCERIT Y IN DRUG C A M PA I G N : P o l i c e publicizing their dossiers or “orders of battle” will also put an end, or somehow lessen, criticisms that their “t o k h a n g ” o p e r a t i o n s constitute “extra-judicial killings” of drug suspects

in order to silence them, to prevent them from spilling the beans on their cohorts. I know this is skewered reasoning but if and when the people in the dossiers or “orders of battle” are killed, the usual police excuse for the death of the suspects--that they are into drugs--would somehow become more acceptable, and would not cause an uproar similar to the uproar generated by the death of the Caloocan City student Kian Delos Santos. The police should do this now---publicize its dossiers and “orders of battle”, that is---to show its sincerity in its campaign against illegal drugs. The situation would become vastly different if anyone, whether a single publicize/PAGE 9

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wednesday|august 23, 2017

Banking&Finance

BSP chief sees peso stability soon

ANGKO Sentral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. expects the Philippine peso to stabilize in the coming days since the local unit has somewhat recovered. The local currency has shown some improvements against the greenback in recent days but finished last week at P51.49, near its P51.60 close on Aug. 24, 2006, given the suspected terror

attack in Spain last week. Espenilla, in a message to reporters Monday, said performance of the peso had been cited by some commentators in their assessment of the Philippines’ economic situation, which he stressed should not be done. He said comparing the local unit against stronger currencies in the region “is a rather simplistic way to look at it.”

“Rather, the better way to gauge the economy is to evaluate its progress toward delivering on things that ultimately matter to the people - low inflation, growth, and jobs,” he said. In the first seven months of the year, inflation averaged at 3.1 percent, which was within the government’s two to four percent goal for 2017 until 2020. Growth, as measured

by gross domestic product (GDP), averaged at 6.4 percent in the first half of the year, near the lower end of the government’s 6.5-7.5 percent target for the year. Employment rate as of end-April this year stood at 94.3 percent, higher than year-ago’s 93.9 percent. Espenilla pointed out that “each economy faces its own unique challenges,” thus policies that were put

Nestor A. Espenilla Jr.

in place are specifically targeted to “suit its circumstances and needs.” “The Philippines is doing the correct thing in prioritizing a more investment-led economic growth. Allowing the peso to depreciate gradually to

a more appropriate level is fully consistent with that strategy,” he said. Foreign exchange rate in the Philippines is market determined although monetary officials have repeatedly stability/PAGE 8

Landbank to acquire Postalbank at no cost STATE-owned Land Bank of the Philippines will acquire the Philippine Postal Savings Bank (Postalbank) at zero cost but with plans to covert the government thrift bank into a major player in the international money transfer business. On the sidelines of the bank’s Gawad Punla awarding ceremony late Friday, Alex V. Buenaventura, Landbank

president and chief executive, said that the board, chaired by Finance Secretary Carlos G. Dominguez, approved the acquisition of Postalbank at “zero value.” Buenaventura explained the zero price-tag came after PostalBank was valued at a negative R478 to R480 million. “The proposal is for Landbank to acquire Postalbank, but it was

valued at a negative and of course they cannot afford to pay us,” Buenaventura told reporters. “The term we used was ‘zero value,’ meaning we will acquire the bank at no cost.” Because of the negative valuation, Buenaventura said that Landbank may require to infuse capital into Postalbank. “Accounting wise we will be booking a premium to cover the negative

amount. We will have to infuse maybe a billion pesos to capitalize it,” the Landbank chief said. Currently, the deal between the two government banks is undergoing scrutiny from the Governance Commission for Government-Owned or -Controlled Corporations (GCG). After GCG, the buyout will have to be approved

by the Bangko Sentral ng Pilipinas’ Monetary Board and President Rodrigo R. Duterte. Buenaventura, meanwhile, admitted there were some delays in the acquisition procedures, noting the original target of September will have to be deferred to January next year. “I was the one who made the timetable but I learned that government

process takes longer than the private sector. I thought we can do it in six months, but we cannot,” he pointed out. Once completed, Buenaventura said Postalbank will be renamed as Overseas Filipino Bank, a remittance marketing arm of Landbank, which will operate in countries with high concentration of Filipino workers and migrants.

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wednesday|august 23, 2017

Robinsons Hotels launches flagship Summit Galleria Cebu

By Mike Baños

obinsons Hotels and Resorts formally launched its flagship Summit Galleria Cebu last August 19.

The formal opening ceremonies was graced by Cebu City Mayor Tomas Osmeña and JG Summit Holdings Chairmen Emeritus John Gokongwei, Jr., his wife Elizabeth, and sister Lily Ngo-Chua; Frederick Go, President, Robinsons Land Corporation; Elizabeth Gregorio, General Manager, Robinsons Hotels & Resorts, and Pops The interiors of the iconic hotel designed by Design Hiraya Queseda pays homage to the cultural heritage of Cebu (RHR photo)

del Rosario, Operations Manager, Summit Hotels and Resorts. In his talk held after the ribbon cutting ceremony at Summit Galleria Cebu’s Grand Ballroom at the 5th floor, Mayor Osmeña related how the 4.7 hectare property originally intended for the new Cebu City Hall complex was sold to Mr. John Gokongwei in

Summit Galleria Cebu is located within the 4.7 ha. Robinsons Galleria Cebu Lifestyle complex, 2 blocks from Cebu’s Pier 4 & 45-mins from Mactan Cebu International Airport. (RHR photo)

16 seconds. “Mr. John asked me if the property was for sale and I said it was. He asked for how much, and I answered P15 million. He asked ‘Will you take 12?’ and I said ok. So he said we’ll sign it up, goodbye!” Summit Galleria Cebu is conveniently located within the 4.7 hectare Robinsons Galleria Cebu lifestyle complex, which offers direct access to the Robinsons Mall and is just 2 blocks from Cebu’s Pier 4 and 45-minutes from the Mactan Cebu International Airport. “I am happy to

"Summit Galleria Cebu officially opens. Cebu City Mayor Tomas Osmeña (fourth from left) graced the hotel's ribbon cutting together with the Chairman Emeritus of JG Summit Holdings, Mr. John Gokongwei Jr. Joining them are (L-R) Elizabeth Gregorio , General Manager of Robinsons Hotels and Resorts ; Frederick Go, President, Robinsons Land Corporation; Lily Ngo-Chua, sister of John Gokongwei Jr.; Mrs. Elizabeth Gokongwei, wife of John Gokongwei Jr., and Pops del Rosario, Operations Manager of Summit Hotels and Resorts. (photo by mike baños, npn).

announce that the most beautiful mall in Cebu is Robinsons Galleria,” Mayor Osmeña noted. The 220-room hotel showcases a distinct local character in a contemporary setting and offers facilities and amenities that make it an ideal home for work, play and relaxation. The hotel features an indoor pool, and all-day dining restaurant, cafe and bar and game and leisure areas where guests can chill and have fun. Summit Galleria Cebu is also ideal for family and corporate functions. Its Grand Ballroom can sit up to 600 guests and features an expansive prefunction area on a lower floor leading to a generous cocktail area on the next floor before entering the main ballroom. Breakout rooms are conveniently located nearby for small meetings and functions. The interiors of the iconic hotel designed by Design Hiraya Queseda pays homage to the Queen City of the South’s rich history and tradition of excellent craftsmanship. The Raintree Hospitality Group, its official food and beverage operator, operates Summit Galleria Cebu’s onsite restaurant, Providore, inroom dining, ballroom and function venues. Summit Galleria Cebu rooms starts at 32 square meters and are furnished with high quality beds, galleria/PAGE 9

INDUCTION. (L-R) BSP Governor, Amando M. Tetangco Jr.Cebuana Lhuillier Services Corp. Senior Executive Vice President and APPRISE President Philippe Andre Lhuillier, iRemit President and COO and APPRISE Secretary Harris Jacildo, Pinoy Express Hatid Padala Services, Inc. President and APPRISE Board of Director Armando Dayrit, Peragram Inc. President and APPRISE Board of Director, Spencer Chua, APPRISE Corporate Secretary Atty. Reynaldo Geronimo

PH remittance businesses band together for APPRISE

On a rare occasion, the Philippine remittance industry recently gathered to revive and rebuild the Association of Philippine Private Remittance Service Companies, Inc. (APPRISE), an organization founded ten years ago to unite, protect, and promote the interest, welfare, and the advancement of nonbank money transfer service providers and their clientele. The newly elected officers, led by new APPRISE President and Cebuana Lhuillier Services Corp. Senior Executive Vice President Philippe Andre Lhuillier, were introduced to the stakeholders and presented the organization’s plans and projects. “APPRISE was established for a good cause in 2006. However, it was inactive for years due to several factors. But now that the remittance industry in the country has proven its stability and now plays an important part in our country’s economy, we felt that it is now the perfect time to revive APPRISE and re-establish its goals and vision. As one of the major remittance service providers, I believe our

voices need to be heard more and be involved in government and nationwide practices, rules, and regulations—all for the advancement and protection of our interest and the clients we serve,” Lhuillier said. Other officials of the new APPRISE include iRemit President and COO Harris Jacildo as secretary, Ouryes Corp. CEO William Martin Cu-Unjieng as treasurer, Cebuana Lhuillier President and CEO Jean Henri Lhuillier, Peragram Inc. President Spencer Chua, and Pinoy Express Hatid Padala Services, Inc. President Armando Dayrit as Board of Directors, and Atty. Reynaldo Geronimo as assistant corporate secretary. With BSP Supervision and Examination Subsector III Managing Director Restituto Cruz as guest speaker, the event was also attended by 65 other highranking officials and representatives from various money remittance service providers in the country such as iRemit, Ouryes Corp., Pinoy Express Hatid Padala Services, Inc., Palawan Pawnshop, Ok Remit, apprise/PAGE 9

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wednesday|august 23, 2017

Billboard

MOA Signing CLENRO, 15 Clubs of NMR-1, Governor NMR-1 & approved by our city mayor Eagle Hon. Oscar Moreno... “Bamboo Propagation Program” along the Oro River @ City’s Central Nursery, Balubal, CDOC. 08.19.17 Let’s Plant Bamboo’s @ “Isla de Oro”... Alam Na! NORTHERN MINDANAO REGION-1 OFFICERS: 1) EAGLE ANJUN R. GOMEZ (GOVERNOR of NMR-1) 2) EAGLE DR. FERDINAND D. MIRANDA (PRESIDENT of ROYAL VECTORS EAGLES CLUB & CHAIR of HEALTH CARE, NMR-1) 3) EAGLE KARL C. UGSOD (NATIONAL EXECUTIVE SECRETARY of TFOE-PE) 4) EAGLE YOGI HEMBRADOR (REGIONAL TREASURER, NMR-1) 5) EAGLE CLIFFORD COMMANDANTE (REGIONAL P.I.O. NMR-1) 6) EAGLE RICHELIEU DEL CASTILLO (REGIONAL PROTOCOL NMR-1) 7) EAGLE DANTE SUDARIA (REGIONAL PRESS, NMR-1)

CONGRATULATIONS to all kuya, ate & bunso for participating “EAGLES NMR-1, 1st RESPONDER” 1st aid & basic life support (BLS) training (in cooperation with) PROVINCE of MISAMIS ORIENTAL & PARTNERSHIP W/ RESCUE 411 emergency medical services Venue: Provincial Capitol Training Center, Misamis Oriental AUG. 19, 2017 PARTICIPATING CLUBS OF NMR-1: 1) ROYAL VECTORS EAGLES CLUB 2) MACAJALAR EAGLES CLUB 3) GINGOOG CITY EAGLES CLUB 4) GINGOOG KALIGA EAGLES CLUB 5) GREEN CdeO EAGLES CLUB 6) OPOL EAGLES CLUB 7) CITIHOMES EAGLES CLUB 8) MAHAYAHAY HILLS LADY EAGLES & BUNSO 9) MEDINA COCOS NUCIFERA EAGLES CLUB 10) PATAG EAGLES CLUB 11) SILVER CDO EAGLES CLUB 12) KAGAYHAAN EAGLES CLUB NORTHERN MINDANAO REGION-1 ACTIVITY INITIATED BY THE FF. OFFICERS: 1) EAGLE ANJUN R. GOMEZ (GOVERNOR of NMR-1) 2) EAGLE DR. FERDINAND D. MIRANDA (PRESIDENT of ROYAL VECTORS EAGLES CLUB & CHAIR of HEALTH CARE, NMR-1) 3) EAGLE KARL C. UGSOD (NATIONAL EXECUTIVE SECRETARY of TFOE-PE) 4) EAGLE YOGI HEMBRADOR (REGIONAL TREASURER, NMR-1) 5) EAGLE CLIFFORD COMMANDANTE (REGIONAL P.I.O. NMR-1) 6) EAGLE RICHELIEU DEL CASTILLO (REGIONAL PROTOCOL NMR-1) 7) EAGLE DANTE SUDARIA (REGIONAL PRESS, NMR-1) Visiting officers under NMR-1: 1) EAGLE NESTOR “BONG” CASIÑO (NATIONAL PEACE OFFICER) 2) EAGLE FRANCIS LAUDIÑO (PRESIDENT of GINGOOG CITY EAGLES CLUB) 3) EAGLE GERRY TANASIS (PRESIDENT of GINGOOG KALIGA EAGLES CLUB) 4) EAGLE ISRAEL TAGARO (PRESIDENT of CITIHOMES EAGLES CLUB) 5) EAGLE JOSE “BEBOT” REYES (PRESIDENT of PATAG EAGLES CLUB) 6) EAGLE FELIX SABANDO II (CHARTERED PRESIDENT of ROYAL VECTORS EAGLES CLUB) In behalf of NMR-1, I would like to extend my heartfelt thank you to EAGLE YEVGENY VINCENTE “Bambi” B. EMANO (GOVERNOR of the PROVINCE of MISAMIS ORIENTAL) for the full support you’ve given to the FRATERNAL ORDER of EAGLES PHILIPPINE EAGLES (NMR-1), to the family of ROYAL VECTORS EAGLES CLUB & RESCUE 411 under EAGLE DR. FERDINAND D. MIRANDA (MEDICAL DIRECTOR) & LADY EAGLE DRA. MARIA VICTORIA M. MIRANDA (MEDICAL ADMINISTRATOR) with the following staff CHARMAINE V. SAMBAAN, ROSALIE S. GALASANAY, SHEILA S. BERSABAL, BONADIA V. LIÑAN, GISEVA B. SALAS, JANIENE JOYCE R. MUNCADA, GINO PANCHO C. SATURNINO, AGA D. SALVIA & DARYL R. TALUCOD.. MABUHAY ANG NMR-1! ALAM NA! Yours truly, EAGLE ANJUN GOMEZ (GOVERNOR, NMR-1)

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wednesday|august 23, 2017

When you’re in Davao City, Read:

HOTELS & RESORTS DIRECTORIES

VILLA MARGARITA HOTEL J. P Laurel Avenue, Bajada, Davao City, Philippines Tel. No.: (082) 221-5674 / Fax No. (082) 226-2968 MICROTEL By Wyndham Davao Damosa Gateway Complex Angliongto Rd., Lanang Davao City 8000, Philippines Tel +63 82 233 2333 / Mobile +63 917 795 3548 www.microtelphilippines.com PINNACLE HOTEL Sta. Ana Avenue, Davao City. No. (082) 300-5885 Telefax: 300-1881/ 221-3025 Website: www.thepinnaclehotel.com ALU HOTEL M. Roxas Avenue corner Padre Faura Street, Davao City. Tel No (63 82) 221-5232 / Mobile (O943) 652 3927 Email: aluhoteldavao@yahoo.com info@alu-hotel.com / www.alu-hotel.com GRAND REGAL Km 7 Lanang, Davao City, Philippines Tel. 235-0888 / Fax 235-2335 email: grandregalhotelegmail.com VIAJEROS ECONOMY HOTEL Patnubay St., Sandawa, Matina, D.C Tel. No. 297-5710 / Telefax (6382) 298-5134 Mobile: 0922.-8268425 Website: www.viajeroseconomyinn.com ROYAL MANDAYA HOTEL J.Palma Gil St., Davao City 8000 Phils. Tel. No. (082) 225-8888 / fax No. (082) 225-1885 info@theroyalrmandayahotel.com www.theroyalmandayahotel.com HOMITORI Bangoy Street corner Santa Ana Avenue, Davao City Tel. No. (082) 295-2969 & 295-2471 / Mobile: (0922) 8994646 Email: homitoridvo@gmail.com or Like us on www.facebook.com/pages/Homitori-Davao BIG APPLE HOTEL Brgy. Angliongto, Lanang, D.C. Hotline Nos.: (082) 234-8459 Facebook account: bigapplehotel@ymail.com Email: bigapple_hotel@ymail.com

THE PERIDOT SUITES Carmelite Drive, Lanang, Davao City Tel. no.: (082) 305-6530 / Fax no.: (082) 305-38I2 Email: theperidotsuiles@gmail.com AZIENDA MEO APARTELLE 11 Corner Pioneer and Doña Vicenta Village, Phase 1, Davao City Telefax. No: (082) 227-4119 & 284-6689 Cell Phone No. 09256652626 Website: www.aziendameo.com Email Add: aziendameo@yahoo.com.ph Big 8 Corporate Hotel Visayan Village, National Highway, Tagum City Mobile nos. 09173029063 & 09328539372 Tel. No.: (084)216-0888 Email: info@big8corporatehotel.com www.facebook.com/big8corporatehotel.com www.big8corporatehotel.com HOTEL ELENA Avenida Santos Ave., Nova Tierra Vill, Lanang, D.C Tel. Nos. (082) 233-1941 & 305.8799 / fax No. (082) 233-1887 PARADISE ISLAND Tel. No. (082) 233-0251 & 300-2343 / CP No.: 09209546780 E-mail: paradiseislanddavao@gmail.com MARCO POLO DAVAO C.M Recto St., Davao City davao@marcopolohotels.com www.marcopolohotels.com (63 82) 221-0888 HOTEL ESSE Brgy. 9-A F Torres Street, Davao City Hotline: No: 227-37-73 / Fax: 295-34-85 Website: www.hotelessedavao.com.ph Email Add: hotel_esse_davao@yahoo.com RUEMANGO APARTELLE & SUITES 516 Mangga St., Juna Subd., Matina, Davao City ruemangoapartelleandsuites@gmail.com www.ruemango.com Tel. Nos.: (082) 295-7175/ 295-7180

1 IDP dies, 4 injured in road mishap At least one evacuee has died and four other internally displaced persons were hurt in a road accident in Laprisa, Pantao Ragat, Lanao del Norte Monday evening. In an incident report sent to DSWD Field Office 10, Camp Manager Vincent Mañus identified the fatality as Aron Daram, 42. Seriously wounded was Pinda Mama, 52 while Cawi Omar, 27; Mama Camid Cawi, 41; and Mama Bawi Alongay, 30 only

sustained minor injuries during the road accident. The five victims are all residents of Marawi City and temporarily residing at Natangcopan Evacuation Center, Barangay Natangcopan, Pantao Ragat, Lanao del Norte when the Marawi siege erupted. The camp manager of Natangcopan Evacuation Center disclosed that the victims were doing construction work on a road in Laprisa, Pantao

Ragat after the Local Government Unit of Pantao Ragat hired them as workers. Mañus said the victims were on their way back to the evacuation center when the break of the forward truck malfunctioned, causing the victims to panic. The truck bumped into a post resulting to the amputation of the right leg of Daram. The five IDPs were brought to the Adventist Medical Center, Iligan City after

the accident. Hospital officials declared Daram dead on arrival. Daram was buried near the masjid in Natangcopan at 6:00 in the evening, Tuesday while Mama is in critical condition inside the Adventist Medical Center, Iligan City. The three other IDPs has went home to the evacuation center. DSWD Field Office 10 is now preparing for the financial assistance to the victims.

Stability...

explain,” he said. Espenilla also noted that “speculators may want to take advantage by exaggerating for financial gain an otherwise healthy price correction to recover some of the price competitiveness.” He, however, stressed t h at t h e c e nt r a l b a n k “will not tolerate such speculative behavior and stands ready to use its very ample international reserves

and deploy its full policy and regulatory arsenal if necessary.” “In any case, we think that the peso has now sufficiently adjusted and can be expected to regain relative stability going forward. This soft landing is reinforced by effective discipline in fiscal management and a welldesigned and well-executed public investment program,” he said.

“Pursuing a f lexible and adaptive exchange rate policy enables the BSP to keep its interest rate policy settings squarely focused on achieving the inflation target while dampening consumption and supporting a more investment- and export-led growth that the economy needs to sustain its strong momentum over the long haul,” he added. (PNA)

from page 5

said that the central bank joins the market but only to address extreme volatility in the exchange rate. The central bank chief said “the BSP is very mindful” on the economic changes in the country since these “may create market uncertainty if not well explained.” “So we communicate and

Republic of the Philippines Office of the President Housing and Urban Development Coordinating Council HOUSING AND LAND USE REGULATORY BOARD Northerrn Mindanao Region N O T I C E

Notice is hereby given that VCDU Realty Corporation has filed with this Office a sworn registration statement for the sale of lots / house & lot packages in VCDU SHANGRILA Subdivision located at Barangay Imadejas, Butuan City, Agusan del Norte and more particularly described as Lots 1 -26 of Block 2 and Lots 1 – 30 of Block 3, all in Psd-13-026453 containing an area of 9,874 sq. m. and covered by Transfer Certificate of Title (TCT) No. 157-2014000361. The foregoing project is utilizing the lots within VCDU Horizon II Subdivision specifically Lots 5 – 30 of Block 5 in Psd-13-023247 respectively, as its compliance pursuant to Section 18 of Republic Act (RA) No. 7279. All papers relative thereto shall, upon request and payment of processing fee, be available for inspection during business hours by any person having legal interest thereon. Absent any legal impediment, the above-cited project is deemed registered and a certificate, in evidence thereof, shall forthwith be issued after five (5) days from the last day of publication. Cagayan de Oro City 4th day of August 2017. (SGD.) CHARITO A. RAAGAS Regional Director PAUNAWA Ipinagbibigay-alam na ang VCDU Realty Corporation ay naghain sa Tanggapang ito sinumpaang aplikasyon para sa pagbebenta ng mga lote / bahay at lote sa VCDU SHANGRILA Subdivision na matatagpuan sa Barangay Imadejas, Butuan City, Agusan del Norte at sinasakop ng Lote 1 – 26 ng Block 2 at Lote 1 – 30 of Block 3, ng Psd-13-026453 sa ilalim ng titulo bilang 157-2014000361. Ang nasabing proyekto ay ginagamit ang VCDU Horizon II Subddivision sinasakop ng Lote 5 – 30 ng Block 5 sa Psd-13-023247 na matatagpuan sa Barangay San Vicente, Butuan City, Agusan del Norte bilang pagtupad sa Seksyon 18 ng Batas ng Republika Blg 7279. Lahat ng mga kasulatang kaugnay nito ay maaaring suriin ng sinuman na nagtataglay ng legal na interest dito matapos humiling ng pagsusuri at magbayad ng kaukulang halaga sa tanggapang ito. Kapag walang sagabal na legal, ang proyektong nabanggit ay ituturing na rehistrado at maari nang bigyan ng sertipiko bilang katibayan nito, pagkalipas ng limang (5) araw mula huling paglalathala. Lungsod ng Cagayan de Oro City, ika-apat (4) ng Agusto 2017. (SGD.) CHARITO A. RAAGAS Pinunong Rehional BWM: Aug 9 & 23, 2017

Tuna... from page 1

then Agriculture secretary Luis Lorenzo of the Necessity to Import Fresh/ Chilled/Frozen Tuna-like Fish Species for distribution in Davao City wet markets ef fec tive Novemb er 17, 2003. Idris said that together with the Philippine Fisheries Development Authority headed by general manager Glen Pangapalad “we are supporting said request”. “Sa dami ng bisita ng (With s o many visitors of ) Davao City there is really a big demand for tuna products,” she said. Idris said it is only the Department of Agriculture this time under Secretary Emmanuel Pinol who can amend the order. S h e c i t e d B a l u r a n’s statement that way back i n 2 0 1 0 , b a s e d on t h e study of the Davao City Agriculturist Office, the demand had gone up to 60 metric tons daily. Id r is is p o s it ive t he request will be granted although there is a need to consult stakeholders because it will be presented to the Fisheries and Res ources Management Council (FARMC). Idris said the buyers in t he wet markets are the “institutional buyers” namely restaurants, hospitals, jails and processing plants. (Digna D. Banzon/PNA)

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wednesday|august 23, 2017

Malt... from page 3

The company has also t app e d t he ag r i c u lture department to help source around 70,000 MT of cassava annually for the facility. “The problem with the Philippines [is] there’s no cassava processor that can make it into powder that can meet the quality standards of Nestlé. So right now what we’re doing is we’re lining up the suppliers. We’re helping them, advising them now to meet the quality standards,” Mr. Mascenon said. With the two-hectare facility slated to be highly automated, Nestlé would be needing only around 23 operators and technicians to work inside the plant. The malt factory will be the third facility inside the 29-hectare Lipa factory complex, the first two of which manufacture Milo and Breakfast Cereals. Asked on why the firm decided to put up the facility in the Philippines, Mr. Mascenon cited the big supply of cassava in the country. In 2016 alone, local cassava output amounted to 2.755 million MT, according to data from the Philippine Statistics Authority. The Philippines is the second largest Milo market in the world, according to the company’s Web site.

Expansion... from page 3

up 4% for Puregold stores and 10% for S&R stores, driven by robust consumer demand and the country’s strong economic growth momentum. Growth figures topped the 2-3% target range for expansion in samestore sales for the full year. At end June, the retailer was operating 345 stores comprising 288 Puregold stores, 12 S&R membership shopping warehouse, 28 S&R New York Style outlets, nine NE Bodega Supermarkets and eight Budgetlane Supermarkets. For the year, the company is rolling out 25 new Puregold stores and two new S&R warehouse. S&R is currently developing two new branches for opening in 2018. ROBINSONS RETAIL Meanwhile, earnings of Robinsons Retail Holdings, Inc. (RRHI) gained 3.9% in the April to June period, lifted by the addition of more stores under the company’s network. In a statement issued on Monday, RRHI posted P1.286 billion in net income attributable to the parent, higher than the P1.238 billion booked a year ago. Revenues, meanwhile, advanced to P27.76 billion, 8.3% higher year on year. Including results from the first quarter, RRHI grew its attributable profit by 12.8% to P2.282 billion, against the P2.023 billion in the same period in 2016. Consolidated net sales further increased by 10.7% to P53.486 billion during the January to June period. The company attributed the increase to “resilient”

same-store sales growth, which normalized at 2.7% from 8.9% last year driven by election spending, alongside the sales contribution of new stores. RRHI added 91 stores to end June with a count of 1,619. This translates to a gross floor area of 1.066 million square meters, up by 6.9% year on year. Including its franchised store portfolio of The Generics Pharmacy, the company’s store network would be at 3,573. SSI GROUP SSI Group, Inc. increased its net income attributable to the parent by 17% to P139 million in the second quarter, according to a regulatory filing. Revenues were almost flat at P4.16 billion, against the P4.26 billion booked a year ago. The growth was driven by the positive performance of its 665 stores in the country spanning an area of 133,000 square meters. Aside from traditional stores, the company also operated e-commerce platforms for Payless ShoeSource, Lacoste and Beauty Bar. For the first half, the c omp any ’s att r ibut abl e income went up 14% to P274 million, as revenues hit P8.42 billion. “Our first half results reflect resilient consumer demand as well as the exe c ut ion of st rateg ies intended to increase operating margins, maximize the efficiency of our store network and strengthen our brand portfolio. We are pleased with the progress we have made so far and expect to continue to benefit from these factors during the second half of the year,” SSI President Anthony T. Huang said in a statement.

Earth... from page 4

over] the last 800 years.” Wow again! Although the origin of the blaze is unclear - with lig htening and a st ray cigarette as possible suspects - what is clear is how it has been spreading across remote areas of grassland and low shrub. Greenland’s is indeed getting greener and greener. It conjures images of white, frozen expanses. But Box says global warming means it’s getting greener all the time. “There’s a shorter snowcover season, and that allows the plant life to expand,” he explained. The Arctic is heating up around twice as fast as the global average. At the same time, rainfall around the world is also increasing - and that trend as well is more present in the Artic. “More rain is a widespread symptom of climate change,” Box said. “You get more precipitation and where you get the biggest increase is in the Arctic.” For Greenland, warmer, wetter conditions mean more vegetation - which, seemingly paradoxically, could be a factor for the fire. And my next question is: what will be the impact of these fires on the ice sheet and surrounding

areas? Fact is: Greenland’s ice sheets melt, that contributes to sea level rise. And if we add North- and South Pole and their vanishing ice and snow? Yes, also the Philippines are in danger. Not this year or next year. But ... ! +++ Email: doringklaus@gmail. com or follow me in Facebook, Twitter or LinkedIn or visit www.germanexpatinthephilippines.blogspot.com or www. klausdoringsclassicalmusic. blogspot.com.

P2, 777.00 per night in a Super Room, inclusive of VAT and breakfast. To avail, visit www.summithotels.ph or call 032-888-1777. The promo is subject to availability. Other hotels under the Summit Hotels and Resorts brand are Summit Ridge Tagaytay, Summit Hotel Ma g n ol i a an d Su m m it Circle Cebu, which is located in Fuente Osmeña. For reservations at any of the Summit Hotels and Resorts properties, book direct at www.summithotels.ph.

from page 4

from page 6 Expresspay, Inc., Optimum Exchange Remit Inc., Uniteller Filipino Inc., Filremit Corp., Gemini Exchange, Global Pinoy Remittance Services, AAVA-EMPC, Bloom, Filhai Multi-Purpose Cooperative, Global Access Financial Services Inc., I-Net External Support, Inc., WCT Express Remittance Services, and Transfast. Following the announcement of the organization’s reformation, APPRISE officials were acknowledged and inducted through an oath taking c e re m ony l e d by t h e n Bangko Sentral ng Pilipinas (BSP) governor Amando M. Tetangco Jr. at the BSP headquarters. The group shared that their foremost priority as of the moment is re-building and promoting APPRISE’s presence in the industry and encourag ing more non-bank money transfers service providers to join the organization. APPRISE also plans to hold regular conferences and forums starting this year to strengthen the legitimacy, quality and competency of the organization. In the long run, APPRISE of f icers hop e to br ing tremendous impact on the growth and improvement of the whole remittance industry in the country and eventually expand their reach to other Asian countries and be the official representative of the Philippines in organizations comprised of various Asian remittance service providers.

Publicize...

individual or a group of people, would later summon the courage to file a petition with the Supreme Court to compel the police to make that disclosure. -ooo DUTERTE’S LIST SHOULD BE MADE PUBLIC, TOO: And, while we are tackling the issue of disclosures of dossiers and “orders of battle”, I think the same thing should be done with respect to the list of President Duterte. I believe that it would also be to the best interest of the country and its people if the contents of that list would also be publicized in full. Of course, the list may not be 100% accurate and may hurt reputations, but it would be better to let the people whose names are in that list to know they are in the list! That way, they could be moved to either confess and then cut clean, so to speak, or avail of legal remedies to correct their inclusion in that list. A disclosure of that list should then prompt some kind of a lifestyle audit of the personalities that are being connected with the trading of illegal drugs. This audit should focus on an examination of the sources of income of the persons in the list side by side with an inquiry into his assets and properties. This should tell us whether those in the list are living within their means or are being supported by illicit income! -ooo WATCH “ANG TANGING DAAN” AT FACEBOOK: “Ang Tanging Daan” is a Bible exposition and prayer session for everyone, in English and Filipino, 24/7, worldwide, that can be viewed at w w w. f a c e b o o k . c om / angtangingdaan. Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

Galleria... from page 6

linens and pillows for an invigorating rest and sleep. All rooms are exquisitely designed and equipped with 43-inch flat screen television, in-room safe, dedicated WiFi, a writing desk, optimal reading light and open plan wardrobe. As a Grand Opening treat, Summit Galleria Cebu is giving a special introductory rate until September 30, 2017. The promo starts at

APPRISE...

Rescue... from page 2

allegedly taking too long in the rescue of multiple victims at a vehicular accident last month. Porcadilla said the new 911 system will be available to all PLDT, Globe and Smart subscribers. Mayor Oscar Moreno will activate the local 911 system by taking the first ceremonial call on August 28. “Just dial 911, stay on the line and our call center will handle the rest,” he said. The CDRRMO 911 emergency dispatch center will be located at the City Hall campus and will be manned 24/7 by operators who were trained by Davao Central 911. The previous head of Davao Central 911, retired Col. Mario Verneer Monsanto, is the Cagayan de Oro CDRRMO consultant. (PNA)

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Wednesday | August 23, 2017

Hiyas sa Kadayawan 2017

“Bagobo Tagabawa Lass” A By Joe Palabao

Hiyas sa Kadayawan 2017 Bagobo Tagabawa Jenfin Puroc Aguan, Hiyas sa Kahiusahan Kagan Jerlyn Maminto Mancia, and Hiyas sa Kalambuan Matigsalug Gifer Joy Roldan Aguio.

beautiful, lovely and brilliant Bagobo Tagabawa Lass, Jenfin Puroc Aguan is this year 32nd Hiyas sa Kadayawan 2017, with her royal court in the wonderful and rich culture of Davao Indigenous Peoples (IPs) are Hiyas sa Kahiusahan Kagan Tribe Jerlyn Maminto Mancia and Hiyas sa Kalambuan from the Matigsalug Tribe Gifer Joy Roldan Aguio.

Hiyas sa Kadayawan 2017 is a most prestigious Search for Symbolic Festival Gem, the lass, who until now with the present time is knowledgeable of her indigenous culture and wisdom as a young woman for their respective and distinguised tribes of Davao are presented in their cultural indigenous

people attires and gowns and cultural performances. Their wit and brilliant minds were tested through Q and A portion of which they answered the different situations of their respective communities where they belong. The eleven (11) candidates also presented their projects on how they will

continually preserved their culture and the arts, environment, education of the youth in their community and commitments for continuous development for future generations. Minor Awards coming from the sponsors were given to deserving tribal lasses. Hiyas Ng GRAB and Hiyas Ng Generika Tribe

Kagan Jerlyn Maminto Mancia, Hiyas Ng TNT Maranao Sittie Maya Lanto Cairoden, Hiyas Ng Zesto and Hiyas Ng Petron Tribe Iranun

Hiyas sa Kalambuan Matigsalug 32nd Kadayawan 2017

The organizers, the committees and sponsors, festival officials, the winning Candidates

Capt. Ronald Go President of Davao City Chamber of Commerce and Industry, Inc and the Vice Chair of the 32nd Kadayawan 2017.

Norhana Dalao Macasi, Hiyas Ng Coca Cola Tribu Bagobo Tagabawa Jenfin Puroc Aguan. Best in Cultural Presentation went to Bagobo Tagabawa for her beautiful and Mesmerizing performance of how water came from a source in their community which awed and stunned the audience. Eight (8) beautiful lasses were awarded as Hiyas sa Kaliwatan bringing honor to their respective tribes as they continue to preserve their arts and culture. ATA Edmalyn Macabilan Omo, Bagobo-K’lata Stefanne Ann Luisen Alcaria, Obu Manubo Mary Jane Eboc Maga, Iranun Norhana Dalao Macasi, Maguindanaon Norhayne Aguindorat Mohammad. Maranao Sittie Maya Lanto, Sama Joy Grace Onan Jihan and Tausug Ainadel

Awang Blas. The industry salutes the organizers, the Platinum, the Gold, the Silver sponsors, the benefactors for the success of the Search of the Hiyas sa Kadayawan 2017. Business Week Mindanao and Mindanao Daily News will v ye for sponsorships a media partner for 33rd Kadayawan 2018. Special thanks to Capt. Ronald Go, the active and dynamic President of Davao City Chamber of Commerce and Industry, Inc. as the Vice Chairman of Kadayawan 2017 along with the City Government of Mayor Inday Sara Duterte for the laudable event as they Celebrate the Good Life of Davao with resilience in unity and stood still amidst the trial of times as one of the most progressive cities in the world. KUDOS DAVAO!!

Hiyas sa Kahiusahan Kagan 32nd Kadayawan Festival 2017

The winners with Hon. Mayor Inday Sara Duterte

Hiyas sa Kadayawan 2017 Bagobo Tagabawa

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

wednesday|august 23, 2017

Poke... from page 12

Armand Angeles whose brainstorm it was, and the establishment’s multid e p a r t m e nt t e a m w h o executed the plan to perfection, ever yone of the guests which included corporate client, media and bloggers, friends and neighbors, had a fun filled and exciting evening. First, we tried the Tuna Poke with Avocado and Cucumber Noodles. Since avocado is not in season, the Seda team tried mango instead which was good since it contrasted splendidly in one’s palate with the Cucumber Noodles and other ingredients such as japaleño, minced cilantro, and the poke dressing of toasted white sesame seeds, sesame oil, low-sodium soy sauce, rice vinegar and finely diced scallions. Next, we tried the Salsa Tuna, where the diced tuna is swished in a bowl with a salsa made from soy sauce, lime juice, sesame seeds, diced chili pepper, cilantro leaves, diced scallions, a pinch of sea salt, and served over a cold citrusy bed of rice. Yummy and filling! After a brief break with music from the Viajeros, we resumed this time by creating our own creations from a Market Table heaped high with salmon, tuna, and a plethora of other ingredients that was a perfect ending to a perfect meal. Kudos to Chef Armand and the team led by F&B Manager Randy Dreisbach, who were all over the place making sure we were enjoying the evening and judging our creations for a variety of prizes

and raffles for everyone. L e t’s d o t h i s a g a i n sometime soon folks! Bravo! Poke B ow l s w i l l b e available Seda Centrio’s iconic Misto Restaurant starting August 18. Take your pick of Tuna, Tuna Cucumber & Avocado, Tuna Salsa, Kimchi, Salmon or Sushi Salad bowls for only P200 nett per bowl. Better yet, if you’re in a group, order a different Poke Bowl for everyone and share! For reservations, please contact T: +6388 323 8888 | M: +63917 865 1161 | F:+6388 323 8891.

Loans... from page 1

shall be for the targeted energization of 1,817 s it i o s ; c onst r u c t i on of power distribution lines for re s e tt l e m e nt are a s in Zamboanga City ; establishment of a quick response fund during calamities; and connection of additional 460,000 consumers. The ot hers sha l l b e earmarked for the reduction of system loss – at least to the level of 10.70 percent; collection efficiency of 99 percent; and realization of a net margin from the agency’s financial operation. N E A Ad m i n i s t r at o r Edgardo Masongsong s ai d t he ex tent of t he corporate operating budget recommended for them by the Department of Budget and Management (DBM) will enable them to keep their goal on specified work plan and corresponding targets. He cited that the sitio electrification level, in particular, shall level up to 86-percent by end next year; from a leaner 83 percent in 2016.

Republic of the Philippines Supreme Court of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 44 Initao, Misamis Oriental IN THE MATTER OF PETITION SPEC. PROC. NO. 2017-1435 FOR CANCELLATION OF THE SECOND CERTIFICATE OF LIVE BIRTH OF CHUCK SAQUILLE MAGNO CHUCK SHAQUILLE MAGNO, Petitioner, -VersusTHE LOCAL CIVIL REGISTRAR OF INITAO, MISAMIS ORIENTAL, Respondent. x -----------------------------------------------------------/ ORDER Finding the petition for Cancellation of Second Certificate of Live Birth of Chuck Saquille Magno sufficient in form and substance, the same is set for hearing on November 15, 2017 at 8:30 o’clock in the morning, at this court sitting at the Hall of Justice, Poblacion, Initao, Misamis Oriental. The Civil Registrar concerned and any person having or claiming any interest under the certificate of live birth whose cancellation/correction is sought may, within fifteen (15) days from notice of the petition, file his or her opposition thereto. At the expense of the petitioner, let a copy of this Order be published once a week for three consecutive weeks in a newspaper of general circulation in the Province of Misamis Oriental. Further, let a copy of this Order and the petition be posted at the bulletin boards of the entrance door of this court, Hall of Justice and Municipal Hall, all of Initao, Misamis Oriental. Finally, let a copy of the petition and this Order be furnished to the Office of the Solicitor General and the Office of the Civil Registrar concerned.

SO ORDERED. August 2, 2017, Initao, Misamis Oriental

(SGD.) MARISSA P. ESTABAYA Presiding Judge

BWM: Aug. 23, 30 & Sept. 6, 2017

The higher end of that target still, he said, could be as high as 89 percent, provided NEA’s allocation would be hiked to R5.22 billion. The agency expounded that out of the P4.9 billion bu d ge t , “P 1 . 9 6 bi l l i on will be subsidized by the national government; while the remaining P2.94 billion will be sourced from the internally-generated funds of the agency.” It said the state subsidy “will be used to finance the remaining sitio electrification projects and the construction of distribution lines in resettlement sites for the victims of natural and manmade calamities, including those displaced by the 2013 Zamboanga siege.”

Security...

from page 1 force as part of their training. An addit ion to t his year’s security preparation, the police official said, is the engagement of various civilian organizations whose members will act as undercover agents in crowded areas. T h e l o c a l p o l i c e’s intelligence capabilities, m e a nw h i l e , a r e b e i n g enhanced, he added. “There are lots of civic groups who have volunteered. The y wi l l b e deploye d specifically to be vigilant about suspicious persons and objects,” Hortillosa said. On top of t his, t he battalion-size Task Force Oro is also mobilizing its soldiers to guard places of celebrations. Other security measures in crowded events such as the annual civic-military float parade include the

ban of backpacks, bull caps and camera drones within a considerable radius at the event site.

Grab... from page 1

has high demand in Metro Manila. Grab has been operating in Davao City since 2014 when it partnered with taxi operators and drivers in Davao for GrabTaxi. Jose Thor Villarreiz, Grab Davao Manager, said there are now 1,300 Grab-a-Taxi drivers still using the Grab platform averaging about 500 drivers active per day. When Grab started in Davao City there were about 2,600 because of the incentives they offered to establish the brand. Meanwhile, on Friday, Grab Philippines revealed it has already accepted 100 drivers from Uber as of Friday, August 18, after the Land Transportation Franchising and Regulatory B oard (LTFRB) allowed transport network vehicle s e r v i c e s ( T N VS ) u n it s to transfer to two other a c c r e d i t e d Tr a n s p o r t Network Companies (TNCs). Grab Philippines Country head Brian Cu, however, is not sure how many will be joining Grab. “It is yet to be seen,” Cu said when asked how many the company would take in. Cu, who was here for the 32nd Kadayawan sa Dabaw, said Grab will just submit a list to LTFRB daily until his company will be told it is enough. The submission of a list is required by LTFRB. On Thursday, LTFRB released Board Resolution

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE REGIONAL TRIAL COURT SHERIFF NOTICE OF EXTRA-JUDICIAL SALE EJF File No. 2017-280 Upon extrajudicial petition for sale under Act No. 3135 as amended by Act No. 4118, filed by HOME DEVELOPMENT MUTUAL FUND (Pag-IBIG) as mortgagee/s, against MATILDE DIANE C. LABRADORES married to JESUS SAMUEL D. LABRADORES as mortgagor/s, with postal address at Lot 12, 13, & 14, Block 13, PCS-10-002305, Wisdom Street, Ficcoville Subdivision, Iponan, Cagayan de Oro City, the mortgagor/s is indebted to the mortgagee/s in the amount of THREE MILLION FIVE HUNDRED NINETY SIX THOUSAND TWO HUNDRED TWENTY NINE PESOS and 34/100 (Php3,596,229.34) including interests and penalty charges, as of June 27, 2017, the undersigned Sheriff will sell at public auction on September 7, 2017 at 10:00 in the morning to 4:00 in the afternoon, at the Office of the Clerk of Court, Regional Trial Court, City Tourism Hall, Cagayan de Oro City, to the highest bidder, for cash or manager’s check and in Philippine Currency, the following property described below including all existing improvements found thereon, to wit: TCT No/s. 137-2013003075, 3076 & 3142 “A PARCEL OF LAND/S (Lot 14, 13 & 12, Block 13, Pcs-10-002305, being a portion of Lots 3623 B, D, E, F, G, I, Psd-104305- 016054, xxx, Cagayan Cadastre), situated in the Barrio of Iponan, City of Cagayan de Oro, Island of Mindanao, including all improvements found thereon, containing an area of One Hundred Forty (140) sq. m. more or less, each lot.xxx All sealed bids must be submitted to the undersigned on the above stated time and date. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title hereinabove described and encumbrances thereon, if any there be. DONE this 2nd day of August, 2017, in the City of Cagayan de Oro. BWM: Aug. 9, 16 & 23, 2017

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

No. 19 stating Uber TNVS units will be allowed to transfer to two other accredited TNCs like Grab and UHOP to ease the burden of commuters. Under the said resolution, the TNVS should only show their proof of accreditation by Ub er and insurance coverage. Grab and UHOP should submit to the LTFRB a list of operated TNVS on a daily basis. C u s a i d , “ We w i l l accommodate the members of the TNVs community who want to join Grab’s platform so long as they abide by the requirements clearly stated in the order and the company’s policies.” Cu said Grab is also looking at people whose livelihood is affected by the suspension of the operations. Uber was suspended last August 14 and was ordered to cease and desist the operations of its

online booking applications. Cu stressed that Grab understands very well about the lack of supply to serve the need of the riding public. With LTFRB’s resolution, Cu is optimistic Grab can meet the demand beginning on Monday. To m a i n t a i n G r a b’s q u a l it y of s e r v i c e , Cu said drivers will undergo training, cross check their background. “We’re focused on s er ving dr ivers and consumers, and ensuring that the car-and-taxi-hailing transport continues to run as smoothly as possible,” he said. He added that aside from the fare cap which Grab put in place to ensure consumers continue to pay a reasonable fare, Cu said Grab also ensures that the onboarding process will be smooth so that TNVs drivers can start to make a loving again. (PNA)

ASIA WORLD PAWNSHOP

Main: Osmeña-Cogon Market, Cagayan de Oro Branch: Ipil St.,Carmen , Cagayan de Oro NOTICE OF AUCTION SALE Starting September 1, 2017 at 9:00 A.M. to 5:30P.M., this establishment will set an Auction Sale on all pledges since April 2017 at Osmeña-Cogon Market and Ipil St., Carmen, Cagayan de Oro City. Patrons are enjoined to verify their receipts.

MANAGEMENT PAHIBALO

Sa Septyembre 1, 2017 sa may 9:00 sa buntag paingon da alas 5:30 sa hapon, ang Tanan nga penirenda nga wala malukat sa bulan sa Abril 2017 maapil sa subasta sa Osmeña-Cogon Market ug Ipil St., Carmen, Cagayan de Oro City. Giawhag ang tanan suki sa pagsusi sa ilang resibo. ANG TAGDUMALA BWM: August 23, 2017

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 18 Cagayan de Oro City EJF FILE NO. 2017-284 HOME DEVELOPMENT MUTUAL FUND Or PAG-IBIG FUND, Mortgagee, FOR: EXTRA-JUDICIAL -versus- FORECLOSURE OF REAL ESTATE MORTGAGE SALVADOR C. POMADA married to MA. THERESA V. POMADA, Mortgagors, X------------------/ Upon extra-judicial petition for sale under Act 3135 as amended, filed by Home Development Mutual Fund or Pag-ibig Fund, Mortgagee, with branch office at PAG-IBIG Fund Bldg., J.R. Borja St., Cagayan de Oro City, against Salvador C. Pomada married to Ma. Theresa V. Pomada, Mortgagors, with postal address at Lot 27, Block 7, PSD10-058579, Bellevue Subd., Upper Carmen, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of June 13, 2017, amounted to ONE MILLION SEVENTY THREE THOUSAND FOUR HUNDRED SEVEN PESOS and 79/100 (Php1,073,407.79) Philippine Currency, exclusive of penalty, the undersigned Sheriff will sell at public auction on September 8, 2017, at 9:00 a.m. to 4:00 p.m. at the Regional Trial Court, Branch 18, Hall of Justice (City Tourism Hall), Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the following property described below including all existing improvements found thereon, to wit: Transfer Certificate of Title No. 137-2015003811 Lot : Portion of Lot : Land Use : Location : Area :

Lot 27, Blk 7, PSD-10-058579 Lot 1, PCS-10-004054 Residential Carmen, Cagayan de Oro City 95 sq. m., more or less

All sealed bids must be submitted to the undersigned on the abovestated time and date. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title herein above described and encumbrance thereon, if any there be. Cagayan de Oro City, August 11, 2017. FOR THE EX-OFFICIO PROVINCIAL SHERIFF (SGD.) NIZA P. TACANDONG Sheriff IV BWM: Aug. 16, 23 & 30, 2017

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Wednesday | August 23, 2017

The Night Stalker

Novel Poke Bowls Launch by Seda Centrio Everyone had a fun filled evening.

rior to August 17, Poke the fish salad was scarcely in the local culinary lexicon of Kagay-anon Foodies. By the end of the evening, the wildly popular Hawaiian dish

had gained over a score of aficionados, thanks to Seda Centrio’s novel way of introducing it. Already steeped in the sashimi, ceviche and of course, the local kinilaw, guests invited to join Seda

Centrio’s Are You Ready to Poke? event last Thursday, August 17, quickly adopted Hawaii’s Poke into their culinary lexicon. Poke (pronounced POH-KAY, Hawaiian for to section, slice or cut) is

a classic Hawaiian pupu or snack of raw fish, often served an appetizer, and sometimes as a main course. The traditional Hawaiian poke consists of fish that has been gutted, skinned, and deboned. It is sliced across the backbone as fillet, then served with traditional condiments such as sea salt, candlenut, seaweed, and limu (edible seaweed). Food historian Rachel Laudan says the present form of poke became popular during the 1970s. It used skinned, deboned, and filleted raw fish served with Hawaiian salt, seaweed, and roasted, ground kukui (candlenut) nut meat. This form of poke is still common in the Hawaiian islands. Poke became increasingly popular in the mainland United States by 2012. A number of poke restaurants—mostly but not exclusively fast casual restaurants—became popular. From 2014 to mid-2016, “the number of Hawaiian restaurants on Foursquare, which includes those that serve poke,” doubled, going from 342 to 700. Increasingly popular, ahi poke is generally made with yellowfin tuna. Adaptations may feature raw salmon or various shellfish as a main ingredient served raw with the common poke seasonings. In a novel way to introduce the new menu, Seda Centrio set up tables where invited guests were encouraged to prepare their own poke bowls. Thanks to Seda Centrio Hotel Manager poke/PAGE 11

Kag Jay Roa Pascual tries his hand at making a Poke Bowl with some tips from Chef Randy

Our host for the night Chef Armand Angeles, GM of Seda Centrio

CDO Bloggers who graced the Poke Bowl launch

Make your own bowl at the Market Table