BusinessWeek Mindanao (August 28, 2015)

BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VI, No. 027

Market Indicators

As of 6:15 pm August 27, 2015 (thursday)

FOREX

PHISIX

US$1 = P46.68

6,867.92

4

X Briefly

cents

X

37.58 points

Improved growth THE Philippines is the most improved economy in four major competitiveness reports.

According to Marina Saldana, program officer of the National Competitiveness Council (NCC), said that the country is dubbed the most improved economy based on ease of doing business, global competitiveness, corruption perception and economic freedom.

Specifically, the country has advanced seven more notches to No. 52 in the World Economic Forum’s Global Competitiveness Report 2014-2015, from No. 59 last year. The country has now gained a total of 33 places from 85th in 2010, making it the most improved country overall since 2010.

X

2014 ppi’S Best in ENVIRONMENTAL Reporting

P15.00

Shutdowns cut supply www.businessweekmindanao.com

Friday | August 28, 2015

By CARMELITO Q. FRANCISCO, Correspondent

M

INDANAO’S power supply situation tightened up once more after a twoweek respite amid decreased output from the two government-run hydroelectric complexes.

The situation, according to Davao Light and Power C o. ( D av a o L i g ht ) , i s compounded by the rejection

test that Therma South, Inc. (TSI) is conducting for its first 150-megawatt (MW) shutdowns/PAGE 15

Peace caravan TANDAG City -- The different agencies of the government have once again come together to conduct a 2-day Local Government Unit (LGU)-led Peace Caravan in Caraga Region under the theme: “Nagkakaisang Bayan para sa Kapayapaan: The Government is Committed in Pursuing development that can be enjoyed by all.”

The said activity aims to serve the needs of the residents of Barangays San Pedro, San Isidro, Mahaba, Mararag, Bayan, Amontay of the municipality of Marihatag on August 24, 2015, Barangays San Isidro, St. Christine and Diatagon of Municipality of Lianga and Barangays Janipaan, Pong-on and Buhisan of Municipality of San Agustin on August 25, 2015.

‘TURO-TURO’ MEAL. Tourism Infrastructure and Enterprise Zone Authority (Tieza) chief operating officer Mark Lapid takes a spoon full of caldereta dish he personally cooked at a foodcourt inside Cagayan de Oro’s Cogon Market, the largest public market in Northern Mindanao. Lapid is set to grace today (Aug. 28) the Ostrich Festival at nearby Opol town in Misamis Oriental. photo by gerry lee gorit

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776

BusinessWeek MINDANAO

2

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

friday|august 28, 2015

Economy

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

Tech-Voc Schools JobStart Philippines to ready NorMin joins regional TVET confab CDO youth for employment THE unemployed and Outof-School youth of Cagayan de Oro City can now take advantage of the skills trainings brought about by JobStart Philippines to get a better chance at landing a job.

The Department of Labor and Employment (DOLE) region 10, Bureau of Local Employment, the lo cal government of Cagayan de

Oro, Asian Development Bank (ADB) through the financial assistance of the government of Canada have signed on 24 August 2015 at SEDA Hotel, Cagayan de Oro City a Memorandum of Undertaking for the implementation of JobStart Philippines in the city.

JobStart aims to assist young Filipinos with career

BROADCASTING DAILY AT 1368 ON AM BAND AND ON PARASAT CABLE TV AT CHANNEL 5

development pathways by creating opportunities to improve their technical skills and develop the life skills necessary for success in today’s competitive workplace through partnership with employers.

Ruth Rodriguez, division chief of Bureau of Local Employment said that the problem is that we have a lot of youth who are “tambay” stay at home with no job.

She said JobStart will make them productive.

In fact, according to Philippine Statistics Aut hor it y ( P S A ) l ab or sur vey, youth composes half of the unemployment rate of the country where one in four youths are not in employment, education and training system at any one time.

JobStart will enhance the employability of atrisk youth to improve their

integration into productive employment. At risk youth include those who are not currently working or enrolled in school or training, with less than one year or no work experience, at least high school graduate and 18-24 years old.

However, there will only be 200 slots for the first phase roll out. Selection is based on a first come basis until quota is filled. There will also be assessment of applicants’ skills, aptitude and prior experience.

Local Public Employment Service Office (PESO) will also play a big role in the skills matching where they will have career guidance session to assist beneficiaries deter mine employment pathways through useful labor market information, i n c re a s e d att e nt i on t o matching candidates to jobstart/PAGE 15

AN estimated 200 delegates coming from the public and private Tech-Voc schools in Northern Mindanao participate in the Regional TVET forum on 26 August 2015 at Pilgrim Christian College (PCC) auditorium, Cagayan de Oro City.

The forum is organized by the Technical Education and Skills Development Authority – Region 10 in collaboration with the various Tech-Voc institutions associations. The delegation comprises the public and private TVET institution presidents, school administrators, department heads and faculty staff, TESDA officials from the provinces of the Northern Mindanao region.

TESDA-X Regional Director Edgar A. Sales said that the forum is intended to spawn the sizeable number of people from TVET schools and exhume brilliant ideas in one setting.

There is also presentation and discussion of the Diploma Course Level 5 under the Philippine Qualifications Framework.

This is part of the groundwork being prepared by TESDA for

the Philippine Qualifications Framework (PQF) implementation that requires the TVET sector to be abreast with the reforms that may affect its future plans and direction.

It will also discuss the TESD policy issues and concerns within the region as inputs for the upcoming Human Resource Skills Development Congress in September 3-5, 2015 wherein the event is expected to strengthen public and private partnership among TVET stakeholders, spawn more opportunities for the TVET institutions as well as increased investments for the TESD programs.

Sales invited the TVET schools to seize the opportunity to continually pursue quality education by attending fora and other related events. In his statement, “What is most important in our PQF journey executed through various programs and fora is to push for the development of the employability skills of our TechVoc graduates.” (Marigold Cherie R. Garrido/TESDA10)

Get your BWM Loyalty Card NOW for only P350.00 valid for one year, and avail of discounts to more than 150 participating business establishments.

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

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

CorporateWorld

AEV taps Japan bank for $400-M loan to fund cement foray ABOITIZ Equity Ventures, Inc. (AEV) has tapped a foreign bank for a $400-million loan that will partly fund its venture into the cement business, the company told the stock exchange.

In a disclosure dated Aug. 20 but uploaded on the stock exchange Web site just yesterday, AEV said it “signed a facility agreement with The Bank of Tokyo-Mitsubishi UFJ, Ltd. to obtain a bridge loan” of up to $400 million.

“The proceeds of the loan will be used to partially finance AEV’s investment in holding companies for the purpose of the acquisition of the various Philippine assets and businesses of Lafarge S.A., including the cement production and other cement related businesses and services,” the disclosure read.

Last month, AEV formalized its joint venture with Irish building materials firm CRH plc for this foray

into the cement business.

The listed conglomerate said then that venture will involve an investment of approximately P24 billion.

Full implementation and completion of the transaction is expected to be completed within the second half of this year.

AEV said earlier this year that the venture with CRH ser ves as “a solid opp or tu n it y ” t h at w i l l supp or t t he comp any’s loan/PAGE 14

Mall tycoon Henry Sy remains PH’s richest for 8th consecutive year THE SM Group’s Henry Sy has topped Forbes’ list of richest 50 Filipinos for an eight consecutive year.

Henry Sy

In a statement, Forbes said the mall tycoon’s net worth also increased by $1.7 billion to $14.4 billion, as

in a newspaper and of course, it should be in the Lifestyle Section.

I prefer writing something or anything happy, positive and good vibes because I believe that to make this world a better place, we must all choose to focus, talk and see only the positive things in

the value of his publiclylisted companies -- SM Investments and SM Prime - rose by 17 percent and 20 percent, respectively.

John Gokongwei moved up three notches to the second spot, with a net worth of $5.5 billion. Forbes said Gokongwei climbed on the back of a 30-percent increase in the value of his conglomerate, JG Summit, which in turn got a boost from its petrochemical business and the investment in Meralco. sy/PAGE 14

cleaning and so on.

I also love writing so I have a blog (www.EmpressMichelleFrancisco. com) where I share my life to everyone.

I write about fashion, travels, recipes, food, home keeping, politics, life lessons, friday|august 28, 2015tips, favorite TV shows, movies, beauty

3

BusinessWeek MINDANAO

4

Opinion

2013 ppi’S Best in Business and Economic Reporting 2014 ppi’S Best in ENVIRONMENTAL Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

friday|august 28, 2015

BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO ROSE MARY D. SUDARIA, Ph.D. Vice President for Finance

ALLAN mario MEDIANTE

Vice President for CorporateAffairs

Joe felicilda

Vice President for Administration

joe palabao

Vice President for Marketing

NELSON CONSTANTINO Editor-in-Chief

Alejandrae Uy

Cheng ordoñez

Section Editor

Executive Editor

gilbert y. chao

BONG FABE

Motoring Editor

Associate Editor

JUN AYENSA

CLIFFORD SANTILLAN Layout Artist

Regional Editor Caraga

ATTY. MARIO T. JUNI

Cell No: 09352379999

Juni Law Office Cruz Taal St., CDO Legal Counsel

SHIELA gosanes Advertising

Cris diaz mike baños Uriel quilinguing Contributing Editors

MARKETING staff manila office: Unit 310 Valero Plaza, Valero Street, Salcedo Village, Makati City; lani vallido-Marketing Manager DAVAO: JESUS P. PALABAO 0926-190-9063 / 0946-242-6672

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City.

It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463826-272-000 – VAT. Reg., and with Business Permit No. 201512879. Tel. Nos.: (088)8578447, 74-5380, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com

Sipping my Chinese Soup in Agusan del Sur

F

ROM WHERE the Punta Diwata Mountain ranges cast its mystic shadows to the south; nearly 100 workers are digging two tunnels in Bunawan, Agusan del Sur. The two enter locking Provinces of Agusan, shares huge mineral deposits, where mining companies extract iron ore and other minerals to be refined as copper or silver. The premium class boulders are grind then separated in jute sacks loaded to the waiting dump trucks to a mining plant in Rosario, Agusan del Sur. Concealed from the national highway is a modern infrastructure with smoke stacks rumbling to process the precious metal. Gold mining is a way of life in Agusan del Sur after agricultural harvest has declined during the long dr y spell. The province has tail end of mineral deposits which geographically stretched from Compostela Valley and ascend to Mount Diwalwal in Davao del Norte where three decades of gold rush activities created fortunes to small scale miners and livelihood to the tunnel workers.

Gold has written success stories and opportunities to the financers and middle men who flourish in this industry

Member:

Oro Chamber

L

Run to Your Fear hin k a minute…My younger son has always had a terrible fear of fast roller coasters. Those rides at amusement parks and fairs that zip around so fast that the people riding them scream the whole way. But recently, my son decided he was going to ride one no matter how afraid he was.

He forced himself to sit next to me on the roller coaster, and I could almost hear his heart beating and racing he was so scared. To tell you the truth, that roller coaster was almost too fast for me!

When the ride was finally over and we were leaving, my son was so happy and proud of himself. He kept saying again and again: “Dad, I conquered my fear!”

One of the important s e c re ts to success and happiness, which many people don’t know, is that on the other side of our fear is a much better life for us.

It’s only when we face and conquer our fears that we get past them and are free to reach our potential. The great army general, George Patton, said: “Fear kills more people than death.” You see, death kills us only once, but fear kills us over and over again. “It’s better to face danger one time than to live

where their accumulated wealth are diversified to the property market, building new hotels and acquiring bank foreclosed assets in Tagum and Davao City as a new economic undertaking that will transform them to prominence in the corporate business. Running across these cities and provinces are the presence of Chinese money which corners the sale of raw minerals for export to China to be refined to precious metals. Gold are mined from our natural resources and the exclusive buyer is only the Central Bank of the Philippines which is traded and become part of our currency reserves.

Smu g g l ing is not on ly happening at the Bureau of Customs; it has branched out with high stake and power influence in the mountains of Mindanao. Some USD 2 Billion worth of gold from the provinces of Agusan, Surigao and Davao were “ shipped and smuggled to China over the last five years” according to reliable inside sources from the mining industry.

China’s rapid growth is not only asserting its expansion in the Western Philippine Seas but for quite sometimes, it has extended its mineral needs

to Mindanao by securing o u r n at u r a l r e s o u r c e s through cash advance to the local miners, buying influence from Politicians and backdoor deals with Government export regulators. Off course, this cannot be done without the help of the bureaucracy and some people’s dream of wealth?

On a clear weather in Eastern Mindanao, your eyes can see a flotilla of Chinese Ships along the Carascal Sea in Surigao del Sur lining to load bulk of iron ores from the open pit mines of Surigao which has turned the once green mountains to forever brown. Iron ores are small rocks in form; it has to be heated at high temperatures to pry the copper loose of silica, iron and sulfur. Gold are refined from copper once the smelting process are done in China.

What else can we speak of ills against China’s trading initiative when they have been our silent partner for all these years? Good relationship with China help, but the string attached is irresistible, that will tie us for long, exploit our natural resources and probably sink our countr y as the environment suffers.

During this balmy

TRAVERSING the

Tourism H i - way

Ped Quiamjot weather, sipping a Chinese Soup in a fine restaurant of Agusan del Sur exhort an appetite of hot entrée before our main course meals. Our recent sales trip created opportunities to dine with important people in the mining industry. The exchanges of pleasantries were cordial in the spirit of promoting relationships and leisure visits of rich people to Davao City to generate sales for our managed property.

The scramble for revenues in the hotel business brings us to the doorsteps of the mining pits and to the offices of the middle men, once upon a time overlooked by many now too precious to be neglected?

For comments or queries, please Email: sbeverage@ rocketmail.com or follow on Twitter @gm-ped

PNoy should learn from Ninoy

Philippine Press Institute

T

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

THINK

A Minute

Jhan Tiafau Hurst in fear your whole life.” Our fears will just keep chasing us as long as we keep running from them.

A wise man says: “Fear is a warning signal, not for us to close our eyes, but for us to open them wider, so we can face our fear head on to conquer and defeat it.” But if we keep closing our eyes to our fear so we can just stay in our comfort zone, then we’ll end up “buried alive in our comfort zone,” and never really live life to the fullest.

S omeone said: “ The biggest part of courage is having done it before.”

Remember, there’s a first time for everything—whether it’s riding a bike, starting your own business, or public speaking. There’s no greater hurst/PAGE 15

IFE’S INSPIRATIONS: “…Train the child in the way that he should go and he will not depart from it even when he grows old…”

(Proverbs 22:6, the Holy Bible).

-ooo WHERE WILL THE MONEY FROM EDUCATION BUD GET CUTS GO? So, where will the Aquino government use the money that will result from the budget cuts and greatly decreased allocations for some 59 state universities and colleges in 2016?I loath to think President Aquino and his loyal lieutenants in Congress, Speaker Feliciano Belmonte Jr. and Senate President Frank Drilon, would instead be using the money from the budget cuts for the 2016 elections to ensure the victory of their candidates, but, is there any other way to view their having greatly reduced the budget for the education of the Filipino youth?As it is, many poor youngsters are already incapable of going even to government educational institutions, because of extreme poverty and unfavorable economic conditions. With the budget cuts for state colleges and universities ordered by Aquino and his cohorts,

we could be sure there will be more out-of-school youths who will tread the path of despair, vice, and criminality, in 2016 and beyond.

-ooo PNOY SHOULD LEARN FROM NINOY: Pardon me for using my own experience when I was struggling to get an education from the University of the Philippines in the early 1970s as an example, but, I could not have completed my AB Journalism course back then if I was not allowed to obtain student loans from UP’s Student Loan Board to pay for my tuition fees.I do remember the fact that, semester after semester, I would invariably find myself at the Student Loan Board offices at the Wenceslao Vinzon’s Hall then, applying for a student loan, backed up by t h e u n re l e nt i ng letter of guarantee from compassionate Prof. Tito Eustaquio, a province-mate from Tarlac who happened to have been the brother of the second wife of an uncle of mine.President Aquino should perhaps be reminded that the setting up of the Student Loan Board at the University of the Philippines System was the result of the untiring efforts of his own

father, the late Sen. Benigno Ninoy Aquino Jr. Because of this student loan system, many students from the provinces, the “promdis” like me, managed to complete their education.

-ooo BUDGET CUTS VIOLATE THE BIBLE’S ADMONITION ON EDUCATING THE YOUTH: What is more, the slashing

by President Aquino and his men of the 2016 budgets of state colleges and universities glaringly violate the Biblical injunction that we should ensure the education of our children, found in Proverbs 22:6, which says “train the child in the way that he should go, and he will never depart from it when he grows old.”How can we ever hope to effectively train our children in the way that they should go when the very government that is supposed to uphold their education seems to be working hard to deprive them of that education, by making it hard for them to enter higher institutions of l e a r n i n g ? May b e w e s h ou l d s t ar t a c t i ng i n u n i s on t o re m i n d ou r government leaders that it is the responsibility of the State, more than the responsibility of the family,

K akampi

Mo A ng Batas

Atty. Batas Mauricio to ensure that opportunities exist in our country for the education of our young. If we do not educate the youth properly, then they would cease becoming the hope of the Fatherland. Rather, they would become, as they have become by now, the despair of our countrymen.

-ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way), a Bible study and prayer session on radio, airs Mondays to Fridays, 6 p.m. to 6:30 p.m., at DWAD 1098 kHz on the AM band. For replays, go t o w w w. f a c e b o ok . c om / angtangingdaan or www. facebook.com/ANDKNK and scroll for “Ang Tanging Daan” broadcasts. Phone: 0922 833 43 96, 0918 574 0193, 0917 984 24 68. Email: batasmauricio@yahoo.com.

VISIT OUR WEB PORTAL

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

friday|august 28, 2015

5

Celebrate Higalaay Festival at SM A shopping like no other awaits you at SM City Cagayan de Oro’s Higalaay Fiesta Sale! Enjoy the best deals and discounts with up to 70% off on selected items mall wide from August 21 to 31.

Check out the best products from all over the region at the Kahimunan Regional

Trade Fair located at the Atrium, Ground Floor from August 23 to 28.

What’s more?

Witness the grandest display of colors that will light up the sky as SM brings you the Higalaay Pyro Festival on August 28 at 7pm.

All these and more happening only at SM City Cagayan de Oro!

BusinessWeek MINDANAO

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

B anking&Finance 6 GSIS looking to bid out properties next quarter 2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

friday|august 28, 2015

STATE-RUN Government Service Insurance System (GSIS) plans to put on the auction block by the end of the year up to four of its properties as it looks for more ways to increase its revenues.

G SI S Pre s i d e nt and General Manager Robert G. Vergara said that with the pension fund yet to make a property sale this year, GSIS is currently doing appraisals to determine the updated valuations of some of its properties so it could start bidding these out in the fourth quarter.

“We have not had a real estate sale yet this year... Once we are able to determine the updated valuations, we’re hoping that we will be able to schedule one bidding or auction for our properties in the fourth quarter of the year,” Mr. Vergara told reporters in

a briefing Thursday.

“Last year we made almost P900 million in property sales. This year, other than our retail sales, there’s not much. So probably three or four properties. We’re just waiting for fresh valuations via an independent third party surveyor,” he added.

Mr. Ve rg ar a s ai d it may sell its Metro Manila Development Authority (MMDA) property, its former Makati office in Salcedo Village and other lots in the provinces to “see if there are any properties there that we might consider selling.”

The MMDA Pasig City property, which has a lot area of 18,498 square meters (sq.m.) along Doña Julia Vargas corner Meralco Avenue, is a land development for mixed commercial and residential purposes.

On the other hand, the

former GSIS Makati office (2,429 sq.m.) is a welld e ve l op e d s u b d iv i s i on located within the Makati Central Business District, data from the GSIS Web site showed.

The GSIS chief said the sale of these properties will provide additional revenues

for the pension fund.

Its other sources of revenues are gains from its fixed-income and equity placements and interest income from its loans to members.

Mr. Vergara earlier said GSIS wants to increase the amount of funds it can place

in stocks as it looks to expand its overseas investments to cushion the impact of volatile domestic markets.

The board of the staterun pension fund will likely approve within the month a request to raise to 30% from 20% its equity allocation limit.

GSIS saw its net income plunge to P29.6 billion in the January to June period from P94 billion a year ago due to volatilities in the equities market.

It posted a P139.9-billion income at the end of 2014, up from the previous year’s P44.3-billion net profit.

Tetangco cited as among world’s top central bankers GLOBAL Finance cited Bangko Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. anew as among the top central bankers in the world, his fifth consecutive grade “A” award from the New York-based magazine since 2011.

He received the same citation from the magazine from 2006-2007.

In a press statement, the magazine said Tetangco was

among the nine central bank governors who topped its 2015 Central Banker Report Cards.

The other winners are the central bank chiefs of Czech Republic, the European Union (EU), India, Israel, Malaysia, Paraguay, Peru and Taiwan.

The annual awards started in 1994 and grades central bank governors from nearly tetangco/PAGE 14

KAHIMUNAN TRADE FAIR AT SM The Depar tment of Trade and Industr y – Region 10 is hosting once again the ‘Kahimunan Trade Fai r” on August 2 2 to 3 0 at the Atr ium of SM Cit y Cagayan de Oro. Products such as processed food, crafts, fashion accessor ies, beverages, spices and condiments and organic products from Nor thern Mindanao will be showcased

dur ing the weeklong exhibit.

This annual activit y aims at assisting small and medium entrepreneurs to generate sales and meet new buyers. It also provides oppor tunities for them to test the market and to get immediate feedback on thei r new products and designs.

Kahimunan Trade Fai r 2015 is one of the core events of this year’s Higalaay Festival.

BusinessWeek MINDANAO

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

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

friday|august 28, 2015

Pueblo de Oro Golf Club official Golf Partner of Primavera Residences Cagayan de Oro, Misamis Oriental —On August 18, 2015, Primavera recently established partnership with Pueblo de Oro Golf Club as the green condominium development’s official golf partner. Pueblo de Oro Golf is an 18 hole, par-72 championship golf course intricately designed by Architect Robert Trent Jones II International.

The golf course was inaugurated on May 5, 1998

by President Fidel Ramos and was heralded as one of

the finest in the Philippines with a majestic driving range, clubhouse, and tee houses.

Strategically placed sand bunkers and grass add to the variety of challenges in this course.

“Our partnership with Pueblo de Oro Golf Course is just one of the add-ons that we give our tenants.

We aspire to always provide them with the best options and deals,” Melissa San Jose, IDC general manager, said.

As the first eco-friendly property in Cagayan de Oro,

Primavera Residences is a front-runner in promoting and supporting green advocacies and projects in the city. Also committed in sustainable properties, Primavera makes sure to fully support projects that stimulates environmental campaigns in the city.

Primavera Residences’ d e v e l o p e r, It a l p i n a s Development Corporation (IDC), won numerous local and international awards for its contemporary design with Primavera/PAGE 14

MAGSAYSAY CENTER FOR HOSPITALITY AND CULINARY ARTS TO HOST CRUISE AND HOSPITALITY CAREERS CONVENTION The Magsaysay Center for Hospitality and Culinary Arts will be hosting the Cruise and Hospitality Careers Convention on August 29, 2015 at the SMX Convention Center, Pasay City, Philippines. Considered a milestone in the Philippine hospitality industry, this exciting event, will bring together in one occasion, the world’s major cruise and hotel operators and young Filipino talents aspiring for a career in the global cruise and hotel industries.

The esteemed event will highlight discussions on career opportunities in cruise ships and hotels, as well as the promotion of

the Philippines as a major tourist destination. More than 2,500 professionals and delegates from major colleges and universities all over the country—senior students and faculty members— are expected to participate.

This activity also gathers industry and government leaders as guests of honor and speakers, including Hans Leo Cacdac, Administrator, Philippine Overseas Employment Administration; Arturo Boncato, Jr., Assistant Secretary, Department of Tourism; Christian Weindorf, Manager, Fleet Talent Acquisition, Princess Cruises; Christine Schiftner, Director,

7

2014 ppi’S Best in ENVIRONMENTAL Reporting

HR Hotel Management and Fleet Services, Costa Crociere S.p.A; Andrea Tonini, Head of Asia Shipboard Hotel Training, Costa Crociere S.p.A.; Walter Kuhnert, Training Manager Asia, AIDA Cruises; Ian Hyndman, Managing Director, Gosaibi Foods Company; Susana Salcedo, Residence Manager, Citadines Salcedo Makati; Elpidio Beloso Jr., Director for Hotel Operations, Resorts World Manila; Mark Heywood, General Manager, New World Manila Bay Hotel; Randal Linhart, Resident Manager, New World Makati Hotel and Marlon R. Roño, President, Magsaysay Maritime Corporation.

Pan-Chic’s Partipid Fiesta Trays:

Putting the Fun back into Higalaay

Enjoy a st res s f ree H igalaay Festival and St. Augustine Fiesta with Pan-Chic’s Fiesta Platters!

No mo re standi ng fo r long hours at checkout counters in groceries! No more panic time when you run out of food for your guests or unexpected guests! No more hassles cooking at home!

Simply call Pan-Chic and have your favorite dishes delivered at home, office or beach!

For as low as PhP 3 8 5, you can have a tray of Pan-Chic’s delicious Stir-Fried Pancit Canton Fiesta Tray good for 12-16 persons delivered to you!

O t h e r d e l i c i o u s s e l e ct i o n s

include Chop Suey (PhP 385), Shanghai Fried Rice (PhP 395), W h i te S ota n g h o n (Ph P 4 4 5), Sweet n’ Sou r F i s h F i l l et (Ph P 495), Buttered Chicken (PhP 525), Sweet n’ Sour Por k (PhP 5 8 5), Beef with Broccoli (PhP 675) and the ubiquitous Humba (PhP 675) which no self respecting Kagayanon entertaining guests would be caught without!

Basta Pan-Chic Fiesta Platters ang pinakadali, lami-an ug gaan sa bulsa! Tawag now!

Call mobile # 0939-302- 0500 (smart) or #0915 -799-1500.

For best ser vice, call a day ahead to avoid the rush!

8

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

friday|august 28, 2015

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

friday|august 28, 2015

9

BusinessWeek MINDANAO

10

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

friday|august 28, 2015

Community

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

Provincial Information Office initiates responsible news writing

By Micka Victoria

MISAMIS ORIENTAL – The Provincial Information Of f ice (PIO) organized a two-day seminarworkshop on Effective and Responsible News Writing from August 22-23, 2015 at the Provincial Training Center.

The seminar-workshop was participated by the designated Information Officers of the different departments and offices of the Provincial Capitol.

The activity, according to Ms. Allyn A. Peñalosa, officer-in-charge of t h e P IO, w a s ai m e d at t raining and prep ar ing the Information Officers h ow t o w r i t e a c c u r at e and responsible news.

“We are working in the government and it’s very important that what we write is always truthful, always conscientious.”

Andrew Stratton, a volunteer English teacher

in prestigious schools in Cagayan de Oro; Mr. Herbie Gomez, Editor-inChief of Mindanao Gold Star Daily and; Mr. Cris Diaz, Executive Director of Mindanao Daily News and Bureau Chief of the Philippine News Agency shared their expertise to the participants particularly on responsible news writing and precise data gathering.

“Data are always important w he n w r it i ng a ne w s . . .

Find out how to make your story have a broader reach

Environmental Preservation Must Learn in Schools

By Roland H. Lambo, SP-II Maramag CES, Maramag I Dist. Bukidnon

The Philippines recently endured confrontations with MOTHER NATURE. Millions of Filipinos suffered severe devastations brought about by Super Typhoons, Earthquakes, Floods, Storm Surge, Sink Holes, Land Slides, Mud slides, Flash Floods and even Tornadoes as well as Hurricanes. Some of the people in the Government called it “FORCE’ MAJURE’” and charged everything to the

WILL OF GOD. Nevertheless, most of the experts identified and asserted, “GLOBAL WARMING” as its root cause.

LITERACY on ecological balance and ADVOCACY on environmental protection is the best solution to all these tragedies. The School is a tremendous venue to launch this agenda. The Teachers are the most influential vehicle to materialize it while the students are the perfect

prospect to implement this endeavor.

The SCHOOL must commence execution of TREE GROWING and SOLID WASTE MANAGEMENT program designed to protect the world from full wreckage.

The Dep Ed Secretary must make certain integration of this syllabus with the current curriculum.

I hope that our children will feel responsible for a GREENER and CLEANER place and save our MOTHER EARTH.

and write with impact,” Gomez said.

A seminar-workshop on basic photography will

be held sometime October this year.

Health Promotion Towards Quality Education

By MONINA TAWAKAL NACARIO Kolambugan/Tangcal District Nurse

Diet and exercise? They must go together to protect you from non communicable diseases. Today, being sick is very expensive. Thousands of pesos you need to spend to treat you from illness.

Stressors are everywhere.

Stress can pull you down.

Your immune system is at risk.

But there is prevention. And, prevention is better than cure!

As we aged, hypertension is very common. Hypertension means high blood pressure.

Hypertensive refers to the person with high blood pressure. A hypertensive club is a newly organized group composed of teaching and non teaching personnel of Dep Ed – KolambuganTangcal district to give special attention to the health status.

Health promotion and illness prevention is an overall mission to achieve quality education. Because learners need healthy teachers. And, healthy teachers is the key towards quality education.

The Hypertensive Club observe activities to stay physically fit and healthy. Some are Juicing vegetables, taking the right medication prescribed by the Municipal Health Officer, Dr Emmanuel Estavas ,Zumba danc e ex erc i s e, Heal th Education like symposium on hypertension and other non communicable diseases are the activities undertaken.

Moreover, a training on blood pressure taking is initiated.

Some members know already how to take the blood pressure.

One of the good deeds initiated by hypertensive club is to sponsor “Pamaskong

health Kit Handog Para sa Mag-aaral” last December 2014. The kit composed of combs, face towel, nail cutters and shampoo. School children are the beneficiaries. They are very happy with the kit.

Last July 25, 2015 , the LGU Kolambugan with the dynamic Mayor Lorenzo V. Manigos who shows support to the teaching staff of Kolambugan by providing blood pressure apparatus to all schools in Kolambugan district.

Everyone is very happy and felt loved .Its fun and grateful to be pampered…have a blessed day everyone!

Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor: Shaun Alejandrae Yap Uy

BusinessWeek MINDANAO

Arts&Culture

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

11

2014 ppi’S Best in ENVIRONMENTAL Reporting

friday|august 28, 2015

TXS gives us a sneak-peak into its 5th Theater Season

The Xavier Stage (TXS), a resident repertory theater company of Xavier University, presents ADVOCACY THEATRE on Peace, Good Governance and Positive Discipline - TXS’ 5th Season Productions for the school year 20152016. In the Advocacy Theatre are GAMUTIN ANG BAYAN – a twinbill of Layeta Bucoy’s Doc Resureccion Gagamutin ang Bayan and Romeo Narvaez’ Dula Ta; Istoryahe

Lang Ko as adapted from Liza Magtoto’s Rated PG and Rody Vera’s Pinatay si Mayor. All these productions are of high social relevance as we aim to influence and inspire society and to sustain cultural regeneration and development.

GAMUTIN ANG BAYAN is about biases and interests that are shaped and motivated by poverty, identity politics, corruption, power and unjust vexations. It is

slated on September 2126, 2015 at the XU Little Theater.

ISTORYAHI LANG KO is a musical on Children’s Rights and it also tackles right to protection and positive discipline which are encouraged in all settings: homes, schools and communities.

Istoryahe Lang Ko is a PETA ARTS ZONE Project, and it is slated on December 16 – 18, 2015 at the XU Little Theater.

Rody Vera’s PINATAY

si MAYOR depicts relevant political issues such as corruption, safe and clean elections. In bayan Talon Pikit, claiming what has been promised during the election campaigns and getting the right value of the votes serve as the epiphany from the travesty of our Philippine electoral system.

ADVOCACY THEATRE SEASON PREVIEW is on September 2, 2015 at 7:00 pm at the XU Little Theater. Admission is

Free! This season preview showcases excerpts of the productions prepared for this season plus performances from our guest artists: Xavier Philharmonia, Kwerdas ni Kiko, Mr Danny Gualberto, Next Moves of Liceo de Cagayan University, Ms Pauline Empeynado and Ms Mauriel Lomadilla.

Should you wish to reserve for seats, please contact Ken Francisco 09159349199 or call Oya through 858-3116 local 2059.

RJ David, Co-founder and Managing Director of OLX Philippines

OLX activates more Filipinos to practice the classifieds lifestyle

C

uriosity buzzed as inquisitive media reps gathered at the recent event for OLX Philippines, the country’s leading online classifieds platform. It was an intimate event between OLX and the media to talk about the changes since the rebranding and their plans moving forward.

RJ David, Co-founder and Managing Director of OLX Philippines and one of the most successful online entrepreneurs in the country, talked lengthily about these changes. “We want to provide win-win exchanges for everyone by giving consumers equal buying and selling opportunities.

We also want them to become more madiskarte in buying and selling 2nd hand items online.”

David added that they have expanded to Cebu and merged with another online classified ads platform to encourage more Filipinos to get into the habit of online buying and selling. Add to these, the improved look and feel of OLX Philippines: faster loading pages, more simplified sell form and an improved report button for keeping spam and scam ads at bay. To provide a fair selling venue and to promote high quality ads, OLX has removed the feedback system and minimized the number of free ad slots.

OLX has also taken a big step by releasing and managing their own content platform called OLX Yaman. Jean Magboo, OLX Philippines Content Marketing Manager, explains, “We’re now more than just a buy and sell platform, OLX is a service that provides an opportunity for Filipinos to make smart and practical choices that can lead to an improved life.”

On this platform, users will see different content materials about what’s happening on OLX, user stories, and even tips about fashion, travel, tech, cars, and real estate. OLX Yaman can be accessed through yaman.olx.ph.

BusinessWeek MINDANAO

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

LifeStyle It’s All About The Happy Memories

12

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

friday|august 28, 2015

EMPRESS M

by

Michelle Francisco

www.EmpressMichelleFrancisco.com

August is always a fun month for me.

Why? B ecause it’s my birthday month! Not only that… It’s also the birthday month of my son, Dominic.

I was born on August 17 and Dominic was born on August 25.

We always celebrate our birthday party together with our family and friends.

So this year, we celebrated it at home.

I remember my husband, Elmer, asking me what I wanted for my birthday and I said, this year, I won’t be having a party.

We’ ll just have pizza deliver y and just watch some movies at home because that’s

what I really wanted.

As simple as that.

But then, Dominic wanted a party so we just decided to go through with a party.

I love hosting parties at home because when I’m in the mood, I get to have a nice table setting. I find so much joy in cooking, buying flowers, balloons, and so on. I usually buy my flowers outside the Cathedral here in CD O. I really go there and choose the flowers myself early in the morning despite of the heat of the Sun. I simply enjoy it. From choosing the balloon color combinations, to paper plates, to table cloths that I rent and so on. It’s so much fun! I always find joy even in simple things. That’s what life is all about.

We ended up with five celebrations.

One with our group of friends. I love this

group because the dads are all friends, the moms are all friends and the kids are all friends for many years already.

We had a simple dinner at home and we ended past midnight. It was a relaxing night having good conversations while the kids were busy playing.

Second, with my parents and relatives.

It was a Sunday lunch at home and I put out my griller at the garden and grilled some rib-eye steaks, pork chops, shrimps, sweet corns and pineapples. It was fun as well as I don’t get to see them all the time.

Third, Dominic celebrated it with his classmates. It was an afternoon party and I made a beautiful setup at the garden. Too bad the weather did not cooperate so I ended up transferring ever ything to our lanai. The

Viva Señor San Agustin!

Fiesta greetings from:

kids had so much fun because they played basketball, Playstation 4 and Nerf guns. Well, my favorite part was the La Favorita Ice Cream Cart (product of Cagayan de Oro City). The kids loved it as well. The Calda Pizza was also a hit.

Fourth, on my birth date itself, Elmer and I watched a tagalog movie, The Love Affair. I had so much fun! I love watching tagalog movies, fyi. Hehehe.

Then during dinner we had McDonald’s deliver y at home and watched some more movies.

Lastly, at Dominic’s exact birth date, he was in school so when he came home for lunch we had Jollibee food and had Yellow Cab pizza deliver y for dinner. Then, we watched the new Walt Disney movie, Inside Out. Fun night as well. To those of you who haven’t seen the movie yet, it’s a must watch for the whole family and it is still showing in cinemas.

For me, birthday celebrations are just reminders for us that we should be grateful for the life that has been given to us and the opportunity to experience and live it to the fullest. Life is supposed to be fun no matter what!

It doesn’t have to be a big party. What matters most is that you celebrate it with the people you love and you celebrate it how you want it.

Thank you so much to ever yone who celebrated our special days with us.

B efore I forget, let me greet all of you a Happy Fiesta, fellow

Love,

Hon. RUFUS RODRIGUEZ Hon. MAXIE RODRIGUEZ Representative, 2nd District Cagayan de Oro City

Representative ABAMIN

Kagay-anons! Enjoy!

Quote of the day… “ The more you praise and celebrate your life, the more there is in life to celebrate.” -

Oprah Winfrey For more photos, visit my website www.EmpressMichelleFrancisco.com

M

You can follow me at these social media: https://www.facebook.com/groups/EmpressMichelleFrancisco https://www.facebook.com/EmpressMCF https://instagram.com/empressmichellefrancisco https://twitter.com/empressmcf

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

Billboard

BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

13

2014 ppi’S Best in ENVIRONMENTAL Reporting

friday|august 28, 2015

TCL to Sponsor Promotional Tour of Mission Impossible: Rouge Nation Endeavoring to enhance global entertainment marketing

M

ANILA, Philippines – TCL, a leading player in the global TV industry, recently announced that it will sponsor the promotional tour of the highly anticipated Hollywood movie “Mission Impossible: Rogue Nation” which will be initially released on July 30th, 2015 in the Philippines. The promotional tour led by the leading actor, Tom Cruise, is expected to make a big hit among the movie fans.

Unsurprisingly, the audience will find that TCL has also placed one of its products in the movie when it is on show.

In recent years, TCL has been endeavoring to enhance its global entertainment marketing as the company transforms from a conventional TV manufacturer into a multimedia entertainment technology enterprise and expands its global presence. Entertainment marketing has helped TCL to build brand equity globally, especially among the younger generation.

In 2013, TCL bought the naming rights on the landmark Chinese Theatre in Hollywood.

Along with that, TCL has previously sponsored movies such as Iron Man 3, The Avengers, Transformers 3, and X-Men: Days of Future Past.

“TCL has emerged as a true player on the Hollywood landscape.

The global reach of the brand makes TCL a very valuable partner in our

Fr -R Allein Maliksi - PF Star _ Cyrus Baguio - Alaska Aces _ Mr. Eason Cai - Marketing Director, TCL Phils. _ Ronald Tubid - SM Beermen _ Mac Cardona - NLEX Road Warriors.

plan to build audience anticipation for ‘Mission: Impossible - Rogue Nation,’” said LeeAnne Stables, President of Worldwide Marketing Partnerships & Licensing at Paramount Pictures.

“Entertainment marketing is a key part of our globalization strategy and is essential for our transformation into a multimedia entertainment technology enterprise,” said Warren Wang.

General Manager of TCL Multimedia Overseas Business Center. “The ‘Mission: Impossible’ franchise has a legacy of delivering high quality entertainment experiences, which aligns with TCL’s goal to offer consumers high quality products with superior content, stylish design, and the latest technology at a great value. We believe that Paramount will be the perfect partner to help reach a global audience and enhance our tie with the younger generation.”

In order to provide more diversified entertainment content and smart TV experiences for the users, TCL has developed GoLive, a revolutionary international video entertainment platform that delivers a diverse selection of licensed live content from quality TV stations around the world. It has also partnered with leading content providers such as iQIYI, Tencent Games and Roku, and as a result launched TCL iQIYI TV and TCL Roku TV. Apart from the abundant contents, TCL is also leveraging

its R&D strengths and innovation capabilities to bring better entertainment and smart TV experiences to the users. For example, its latest products H9700 and H8800 are both equipped with worldclass display and acoustic technologies, including Quantum Dot display (H9700)/Curved Surface (H8800) and Wide Color Gamut technology to guarantee ultra high definition and vivid colors, Harman/Kardon speakers to generate an unprecedented immersive experience

in sound, along with a Nordic design of the TV set.

TCL is currently ranked No. 4 in LCD TV shipment, No. 5 in LCD panel manufacturing and No. 6 in mobile phone shipment on global basis. In Q1 2015, TCL’s sales revenue stood at $3.9 billion, with TCL Multimedia contributing $1.1 billion, or 28%. TCL Multimedia recorded a net profit of $6.18 million in Q1 2015, up 184.6% year-on-year.

About TCL Founded in 1981, TCL Corporation (000100.

Technology and the 21st Century Education Mr. Ronaldo B. Castillon ESP-II Bacungan Central School Bacungan District Leon B. Postigo, Zamboanga del Norte

The learners of 21st century are far more curious, intelligent and bold. It takes so much strategies and teaching methods in order for them to understand lessons. One thing, an educator should not just limit to a particular topic. It is because students of modern time are also observant and keen. They can relate subject to subject and as an educator, you must ready to answer and explain the tidbits to tidbits of ideas.

That is the reason why the form of educating youngsters also need to be uplifted and modernized, in a way that it will be a tool for students to appreciate, enjoy and embrace learning.

The use of technology is not a bad idea. Different to generalizations that internet, for example, corrupts the young minds, technology is made opposite to that. It is made to make life easier,

faster and in more intelligent way.

Text2Teach is one product of advancing technology. It presents educational videos and lesson guides to tough concepts and least-learned competencies in subjects such as Math and Science. These videos and lesson guides are aligned with Department of Education curriculum.

The use of this technology is encouraged for schools for it does not just make teaching easier but it trains students mind to adopt skills necessary for higher learning and in coping up with advance ways that are already at hand. They must be ready for advancement boom that this generation is experiencing.

The channel of educating young people should level up in order to make it par with this generation’s mindset, that is sometimes a source of student problems.

SZ) is one of the largest consumer electronics enterprises in China.

Currently it has three listed subsidiaries: TCL Multimedia (01070.HK), TCL Communication (02618. HK), and Tonly Electronics (01249.HK), with a diverse business portfolio covering LCD TVs, LCD panels, mobile phones, audio and video equipment, home appliances and lighting products.

Starting from 2014, TCL is focusing its goal of

building new customercentered “product + service” business model, while pushing its transformation towards “smart + Internet technologies.” TCL is committed to its new vision of “enriching lives of its customers by rendering products and services of ultimate experience.” For more information, please visit its website: http://www. tcl.com/English.php/ index/index.htm

The Benefits of K to 12

By Nemie M. Mariano, Ph.D. T-III / School In-Charge Corrales Elementary School Jasaan District Division of Misamis Oriental

The K to 12 Basic Education program is a learning system implemented here in the Philippines in an aim to uplift the quality of education and employability of graduates among elementary and high schools in the country.

K to 12 curriculum is an application of 12 years cycle of basic education after finishing kindergarten. This 12-years schooling is composed of six years in elementary level, four years in Junior High School and additional two years for Senior High School.

Early before it is approved, Philippines is the only country in Asia and third in count globally that is implementing the 10-year basic education cycle which is specifically composed of six years in elementary, and four years in high school, sans division.

So, to make the country at par with other countries, K to 12 is established.

This longer period of schooling is equivalent to a change of curriculum. The kind of lessons taught now is student-friendly, for it is at level with modern trend

and today’s need. Other than that, theories are also wellexplained, such as for Senior High School’s division of different tracks. It is because the span of education is already adequate to fit in necessary subjects that are great help to students and their future life.

Moreover, K to 12 is expected to produce bettertrained graduates who could be globally competitive human resources. One of the tracks for its upper high school is Technical-Vocational Livelihood track. It teaches students lessons on their chosen field and train them to be well-equipped people ready to be employed. For individuals who want to pursue higher learning, this TVE has provided ideas and defined their field of interest which can help in choosing program courses.

These are just few of the benefits of K to 12. In fact, there are several other reasons that can make me agree to this system.

Summarizing, K to 12 is a visionary system of education.

BusinessWeek MINDANAO

14

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

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

friday|august 28, 2015

Loan... from page 3

thrust to provide a more diversified source of income for the conglomerate through infrastructure development.

Infrastructure will be an addition to the conglomerate’s four existing core businesses: power, banking, food, and property.

AEV CRH Holdings, Inc. earlier this month offered to purchase shares owned by locally listed Lafarge Republic, Inc.’s majority shareholders.

AEV CRH is a 60-40 joint venture company of AEV and Cement Roadstone Holdings, Inc., a domestic firm and wholly-owned subsidiary of CRH Philippines Holdings BV. CRH Philippines is a Dutch company and an affiliate of CRH International.

The offer involved 649.08 million common shares, or 11.15% of the company’s total issued and outstanding capital stock, at a price of P10.26 per share.

CRH was granted on Jan.

31 the right to acquire 88.85% of Lafarge Republic, subject to certain requirements, as part of an agreement with the parent firms of Holcim Philippines, Inc. and Lafarge.

The execution of the agreement was subject to CRH finding a local partner and the completion of a tender offer.

Sy...

from page 3

Andrew Tan rose a notch to the third spot, even as his net worth dropped from $5.1 billion last year to $4.5 billion this year. The decline in his net worth stemmed from the drop in the value of his holding company, Alliance Holdings, which was dragged down by the weaker performance of its casino business.

Others who made it to the top 10 and their corresponding net worth are as follows: Lucio Tan ($4.3 billion), Enrique Razon Jr. ($4.1 billion), George Ty ($4 billion), Aboitiz family ($3.6 billion), Jaime Zobel de Ayala

and family ($3.5 billion), David Consunji ($3.2 billion), and Tony Tan Caktiong ($2.2 billion).

Newcomers to the billionaires’ list are Dean Lao (16th place with a net worth of $1.1 billion) of food ingredients and plastics manufacturer D&L Industries and Oscar Lopez (17th place, $1 billion), whose Lopez Holdings rose 30 percent in value on the back of the 70 percent appreciation of unit ABS-CBN Broadcasting.

Fred Elizalde, who owns the Philippines’ oldest radio network Manila Broadcasting Company, also is a newcomer to the Forbes’ list at the 38th spot with a net worth of $260 million.

Forbes cut the minimum net worth to $120 million from last year’s $170 million for someone to join the circle of the country’s 50 richest.

Tetangco... from page 6

75 key countries and the EU from a scale of “A” to “F”.

For this year’s awards,

central bank governors from five countries were graded for the first time and they came from Botswana, Iceland, Namibia, Paraguay, and Uganda.

The full list of the 2015 winners will be published on the October issue of the magazine.

Primavera... from page 7

natural airflow through inner spaces, and architectural elements designed precisely for the location’s latitude to shade the building’s surface from the sun throughout the year. The project has been cited as one of Asia’s top 10 clean energy projects because of its capacity to help residents save as much as 32% on air-conditioning energy consumption.

Primavera Ser viced Residences offers long and short term stay The 10-storey condominium property in uptown Cagayan de Oro offers serviced apartments with hotel-like services that

are a less expensive and homier option for visiting businessmen and travelers and golfers.

All the units for rent are fully fitted with kitchen, c abl e T V, re f r i ge r ator, and air conditioning.

Amenities include a green inner courtyard for natural lighting and ventilation, 24-7 security, CCTV, indoor pool, gym, function hall, laundry station, and twin elevators.

Located in the booming business and commercial area in uptown Cagayan de Oro, it is just walking distance to SM City CdO, and easily accessible to public transportation, and Pueblo

de Oro Golf Course.

“This coming August 27-30, Pueblo de Oro Golf is holding a tournament. I’m inviting all golfers to join the event and experience “Higalaay”. As you join this prestigious gold tournament, make Primavera Residences your home as we have prepared exciting promos just for you,” San Jose concluded.

To know more about Primavera Residences and its partners, you may reach them at (088) 880-5002, (+63) 917 864 4061, or email them at leasing.pso@ italpinas.com. You can also access their website at www. primaveraresidences.com.

Bukidnon-based rural bank placed under receivership THE Bangko Sentral ng Pilipinas (BSP) has placed Bukidnon-based XavierP u n l a Ru r a l B an k Inc . under Philippine Deposit Insu r anc e C or p or at i on (PDIC) receivership, the 10th bank thus far this year.

BSP Deputy Governor Nestor Espenilla Jr., in a circular issued to banks, s aid t he cent ra l b an k’s policy-making Monetary B oard (MB) placed the rural bank under PDIC receivership on Aug. 20, EXTRA-JUDICIAL SETTLEMENT AND PARTITION OF THE ESTATE OF DOROTEA BACARROCALUSTRE, EUSEBIO BACORRO, LEONCIA BACORRO-CANALES, EUSTAQUIO BACORRO AND ANGELA BACORRO –MAGTO Notice is hereby given that the intestate estate of the late DOROTEA BACARROCALUSTRE, who died on June 7, 1975 in Lawigan, Catarman, Camiguin, EUSEBIO BACORRO, who died on October 28, 1962 in Bura, Catarman, Camiguin, LEONCIA BACORRO-CANALES, who died on July 20,1962 in Lumad, Bura, Catarman, Camiguin, EUSTAQUIO BACORRO, who died on March 16, 1971, ANGELA BACORRO-MAGTO, who died on May 4,1980 in Bura, Catarman, Camiguin; They left a parcel of land, owned jointly and in common, a parcel of land located at Catibak, Catarman, Camiguin and more particularly described as follows; ORIGINAL CERTIFICATE OF TITLE NO. 4086, A PARCEL OF LAND (Lot No. 946, CAD 194,, situated in Municipality of Catarman. Containing an area of TWELVE THOUSAND THREE HUNDRED AND THIRTY-SEVEN (12,337) Square meters, more or less. As they hereby adjudicate, the above-described real property, among themselves in the following manner. RECEPIENT/HEIR, a.)

HEIRS OF EUSEBIO BACORRO, Lot Number 946-A , Area of 4,112 sq. m, b.) HEIRS OF DOROTEA BACARRO-CALUSTRE, Lot Number 946-B, Area of 4,112 SQ. M, c.) HEIRS OF ANGELA BACORRO-MAGTO , Lot Number 946-C, Area of 4,113 sq. m. Is the subject of EXTRAJUDICIAL SETTLEMENT AND PARTITION OF THE ESTATE OF DOROTEA BACARROCALUSTRE, EUSEBIO BACORRO, LEONCIA BACORRO-CANALES, EUSTAQUIO BACORRO AND ANGELA BACORRO –MAGTO under the notary public of Atty.

MARIO T. JUNI , As per Doc. No. 423; Page No.85 ;Book No. 188; Series of 2015.

BWM: Aug. 28, Sept. 4 & 11, 2015

2015.

He, however, did not elaborate on the cause of the MB’s decision.

The usual culprit for bank closures is the financial institution’s inability to cater to its clients.

Amidst the closure of some rural banks Philippine monetary officials maintain that the country’s banking industry remains strong and closure incidents is trivial.

Maybank Group to expand PH operations MAYBANK Group plans to expand its presence in the Philippines.

Maybank Group CEO Datuk Abdul Farid Alias, in a briefing during the Philippine leg of the bank's Invest ASEAN 2015 conferences held at the Makati Shangri-La on Tuesday, said there are many modes to expand their operations but discounted acquisition of a local bank and merger as priorities.

Alias said they have "an aspiration to be significant in this market" but stressed the need to grow organically to be in a sizable situation.

He said expectations for success in a merger is high while it depends on both the seller and the buyer in acquisition.

"In order for the merger to succeed, we need to be choosy," he said.

Datuk Abdul Farid Alias said they have been bullish about their Philippine business as proven by the capital injections in 2010 and 2013.

Maybank, South East Asia's fourth largest bank in terms of assets, acquired ATR Kim Eng Securities Inc. and ATR Kim Eng Capital Partners Inc. in the Philippines in 2011, making it the Malaysian conglomerate's investment banking arm.

Upon its establishment in 1997 as Maybank Philippines Inc. with the acquisition of a 60 percent equity stake in PNB Republic Bank, the bank now has 79 branches and 14 lending centers in the country.

(PNA)

BusinessWeek MINDANAO

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

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

friday|august 28, 2015

Shutdowns... from page 1

coal-fired generation unit.

In a press statement issued Wednesday, Davao Light said it has started imposing between 30 minutes to one hour rotational power interruptions in its franchise areas after the National Power Corp.-Power Sector Assets and Liabilities Management (NPC-PSALM) reduced its allocation to 218 MW, against the contracted total of 272 MW. The company said grid operator National Grid Corporation of the Philippines (NGCP) also advised that the reduced supply is due to “the emergency shutdown of the various units of the hydro generating plants in Mindanao.”

NPC-PSALM operates the hydroelectric complexes in Agus, Lanao del Sur and Pulangi, Bukidnon, which supply more than 50% of the southern island’s power requirements.

Based on the NGCP Web site, Mindanao as of Wednesday had a deficit of 28 MW against capacity of 1,352 MW. The Agus and Pulangi hydropower complexes, both constructed in the early 1980s and in need of major maintenance work, have been producing less than expected due to problems with the facilities, siltation and decreased water levels at the sources brought about by the prevailing El Niño.

The Philippine Atmospheric Geophysical & Astronomical Services Administration said the dry spell that started late last year may last until the middle of next year.

On the rejection testing of TSI, Davao Light said this is scheduled to be carried for five days.

EXTRAJUDICIAL SETTLEMENT AMONG HEIRS

Rejection testing is needed to completely synchronize the new plant with the main grid.

Under this test, the 150-MW unit is being turned off to ensure that its shutting down will not affect the operations of the grid.

In June, TSI started its synchronization activity for its unit, which is part of the 645-MW coal-fired power complex in the boundary of the city and Davao del Sur. However, the continued unstable power supply on the grid has made the process difficult for the company to complete.

TSI plans to start full commercial operations of the unit before October, while an identical second unit will be commissioned in February next year after it shut down earlier this year following the April 5 Mindanao blackout.

To mitigate the impact of the lack of power from the grid, Davao Light said it has continued running its dieselfed standby plant, which supplies 38 MW and has maximized power contracts with sister companies Therma Marine, Inc. and Hedcor, Inc., which supply 30 MW and 50 MW, respectively.

The power distributor has also resumed the interruptible load program, which allows big customers with their own generating sets to run their equipment so that the power they might have used can be allocated to other consumers.

JobStart... from page 2

employer re quirements and to issue referral letters and organize interviews/ selection process.

JobStart-funded technical training is up to three months. Meanwhile, internship access up to three months of work experience with a “matched” employer/ EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH ABSOLUTE SALE

Notice is hereby given that the intestate estate of the late ABE CHAVEZ, who died June 30, 2014 in Cagayan de Oro without any will, covered by TCT Nos. 137-2013004358 & 1372013004359, in the names of Raul La Victoria, Abe Chavez and Leo La Victoria has been the subject of extrajudicial settlement among his heirs. The parties hereto being all of legal age with full civil capacity to contract hereby adjudicate among themselves, the one-third and one-half share respectively of the deceased Abe Chavez on the undivided portion of the real property which was finally confirmed and settled on January 30, 2014, in the following manner: TCT No. 137-2013004358 Anna Victoria Chavez Bodine – 50% or ½ of the one-third (1/3) share of the deceased Abe Chavez; Crestina Chavez Hardie – 50% or ½ of the one-third(1/3) share of the deceased Abe Chavez; TCT No. 137-2013004359 Anna Victoria Chavez Bodine – 50% or ½ of the one-half (1/2) share of the deceased Abe Chavez; Crestina Chavez Hardie` – 50% or ½ of the one-half(1/2) share of the deceased Abe Chavez.

Extra-judicially settled on August 4, 2015 by Rachel Holland, Notary Public for the State of Texas, USA.

Notice is hereby given that the intestate estate of the late ANGELINA TABASAN , who died on October 10, 2007; She Left a certain parcel of land covered by Transfer Certificate of Title No. 137-2012008546 in the name of ANGELINA TABASAN, of legal age, Filipino, married to MENELIO TABASAN, SR. and more particularly described as follows; LOT : 61-D, PSD-10-061596 PORTION OF LOTS : 61, PLSM1098 SURVEYED FOR : ARIEL TABASAN , ET AL. LAND USE ( CASSAVA LOCATION : BALUBAL, CAGAYAN DE ORO, ISLAND OF MINDANAO BOUNDARIES: Containing an area of ELEVEN THOUSAND SIX HUNDRED NINETEEN (11,619) SQUARE METERS MENELIO TABASAN SR., the surviving spouse of the late ANGELINA TABASAN, and HERMINIA TABASAN PARENO, MARILONA TABASAN SAMBAAN , ARIEL TABASAN , PETRONILA TABASAN ABARQUEZ and MENELIO TABASAN JR., the surviving children of the deceased.

Is the subject of EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH ABSOLUTE SALE under the notary public of Atty. SATURNINO NERI BACONGA, As per Doc. No. 363; Page No.73; Book No. XLV; Series of 2013.

August 28, September 4 & 11

BWM: Aug. 21, 28 & Sep. 4, 2015

establishment and interns receive at least 75% of the minimum wage in the city or municipality. In turn, employers monitor and provide feedback on performance of interns.

Rodriguez said that in their pilot areas in Luzon, 57% have found a job in just two weeks after the JobStart training.

Mayor Oscar Moreno also said that he wants the people to get employment which is the reason why CDO has improved investment climate. He said he already has a team for the implementation in the city.

Interested youth between 18-24 years old, at least a high school graduate, no work experience or have no more than one year of experience, currently not in employment, not enrolled in

15

2014 ppi’S Best in ENVIRONMENTAL Reporting

school or in any training, and actively seeking for work, may apply at the PESO - City Hall. (JMOR/PIA10)

Hurst...

CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers

from pageKalambagohan 4 Sts.,

Tel. # (08822) 727-829 * Telefax # (088) 856-1947

feeling of accomplishment CAMIGUIN BRANCH andB. Aranas success than running St., Poblacion, Mambajao, right Camiguin at yourTel.fear and coming # (088) 387-0491 out on the other side of it, CORRALES BRANCH Corrales Ave., Cagayan de Oro it.

City So knowing you beat for yourDIVISORIA own BRANCH success and Atty. Erasmo B. Damasing Bldg., #61 Jesus Don A. happiness, you can ask Velez St., Cagayan de Oro City Christ toTel. come your heart # (088)into 857-3631 and takeLAPASAN control of your life.

BRANCH Then, when that Lapasan Hi-way, you Cagayanknow de Oro City Tel. # (088) 231-6739 God Himself is on your side, CARMEN BRANCH there’s absolutely no one or Vamenta Blvd., Cagayan de Oro City nothing to be afraid Tel. # (088) 231-2011of. With His love and power inside, you can run right through your fears to the great life He has ready and waiting for you. Just Think a Minute…

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

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

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

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

CORRALES BRANCH Corrales Ave., Cagayan de Oro City

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

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/Mortgage, EJF FILE NO. 2015-087 -versusBANAWE A. LABAJO. Respondent/Mortgagor x-----------------------------------------------------/ OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL FORECLOSURE EJF-FILE No. 2015-087

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 22 Cagayan de Oro City IN RE : PETITION FOR ADOPTION OF MINOR VINCE ALBERIO WITH APPLICATION FOR CHANGE OF NAME INTO VINCE PACAÑA UNABIA, LUCILLE PACAÑA UNABIA,

FC SP-FMY-2015-040 Petitioner,

X----------------------------------------------------------------/

Upon Extra-Judicial petition for sale under Act 3135 as amended by Act 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 BANAWE A. LABAJO , of legal age, Single , Filipino , with postal address at 141 Gomez St., Cagayan de Oro City, to satisfy the Mortgage indebtedness which as of April 28, 2015 amounted to EIGHT HUNDRED THOUSAND EIGHT HUNDRED FORTY FIVE & 36/100 PESOS (Php 800,845.36), Philippine Currency, exclusive of interest and penalty charges, attorney’s fees and expenses of foreclosure , the undersigned or duly authorized deputy will sell at Public Auction on August 31, 2015, at 10:00 a.m. or soon thereafter at the main entrance of the Tourism Hall Building, at the 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 including thereon, to wit:

ORDER

TRANSFER CERTIFICATE OF TITLE NO. 137-2013-000257

This petition seeks for the adoption of minor child VINCE ALBERIO by the petitioner LUCILLE PACAÑA UNABIA and for the change of the name of the child to be adopted to VINCE PACAÑA UNABIA.

“A PARCEL OF LAND with all IMPROVEMENTS THEREON (Lot: Lot 22, Block 14, Psd 10-042689. Portion of Lot: Lot 1, Block 37, Psd-10-039732, Land Use: Residential; Location: Canitoan, Cagayan de Oro City.

Finding the petition sufficient in form and substance the same is hereby given due course . Let the hearing be set on November 13, 2015 at 8:30 in the morning at 2nd Floor Legislative Bldg., Conference Room of the City Council, City Hall, Cagayan de Oro City.

Boundaries: East 1-2 by Lot 24, Block 14, South : 2-3

by Road Lot 7; West 3-4 by Lot 20, Block 14; North 4-1 by Lot 21, Block 14. Xxx containing an area of FIFTY FOUR (54) sq.m.more or less.

At the expense of the petitioners, let this order be published once a week for there (3) consecutive weeks in a newspaper of general circulation in Cagayan de Oro City and in Misamis Oriental,

TRANSFER CERTIFICATE OF TITLE NO. 137-2013000258

The RTC social Welfare Officer assigned to this Court is hereby directed to conduct a home and child study on the adopting parents, the natural parents and the child to be adopted . She is also directed to conduct counseling sessions with the biological parents of the child to be adopted. The reports thereof shall be submitted to this Court SIXTY (60) DAYS from the receipt of this order.

Petitioner is directed to make arrangements with the Court Social Worker for the scheduling and incidental expenses in conducting the case study.

Let copy of this order and the petition be furnished upon the Local Civil Registrar of Manolo Fortich, Bukidnon, the Solicitor General and the City Prosecutor of Cagayan de Oro City for their appearance in behalf of the state.

“A PARCEL OF LAND with all IMPROVEMENTS THEREON (Lot 20, Block 14, Psd 10-042689. Portion of Lot: Lot 1, Block 37, Psd-10-039732, Land Use: Residential; Location: Canitoan, Cagayan de Oro City.

Boundaries: North 1-2 by Lot 19, Block 14, East : 2-3

by Lot 22; Block 14; South 3-4 by Road Lot 7; West 4-1 by Lot 18, Block 14. Xxx containing an area of FIFTY FOUR (54) sq.m.more or less.

All sealed bids must be submitted to the undersigned on the above- stated date and time. 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.

SO ORDERED Given this 7th day of August, 2015 at Cagayan de Oro City, Philippines.

Done this 22nd day of July, 2015, at Cagayan de Oro City, Philippines.

(Sgd) RICHARD D. MORDENO Presiding Judge

(Sgd) CELESTIAL VENUS G. GELBOLINGO

Sheriff IV

BWM: Aug. 21, 28 & Sep. 4, 2015

BWM: Aug. 14, 21 & 28, 2015

16

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

friday|august 28, 2015