BusinessWeek Mindanao (August 29-30, 2016)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 037

Market Indicators

As of 6:20 pm august 27, 2016 (saturday)

FOREX

PHISIX

US$1 = P46.349

7,845.49

14

X Briefly

cents

9.05

X

points

Illegal gambling THE CAGAYAN de Oro City Council committee on police, fire and public safety, on Monday expressed alarm over the prevalence of illegal gambling operations in Cagayan de Oro city. During the City Council regular session presided over by Vice Mayor Raineir Joaquin V. Uy, Councilor Romeo V. Calizo said illegal gambling appears in many forms such as video karera, tulilong and poker, among others. “But the one that is most complained by several sectors is the illegal swertres, which is being protected by no less than the people from the government,” the councilor reported.

Policy review A REVIEW of mining industry policies and stronger agricultural support are among the items in a wish list contained in a resolution drafted by the business sector at the Mindanao Business Conference (MinBizCon) that ended yesterday in Surigao City. Antonio D. Uy, vice-president for Mindanao of the Philippine Chamber of Commerce and Industry Inc. (PCCI), which organizes the annual event, said they will present the resolution to President Rodrigo R. Duterte during the Philippine Business Conference on Oct. 12 and 13 in Manila. “With a no-nonsense and sympathetic to Mindanao President, we have high hopes Mindanao will get its fair share from government in terms of infrastructures and development,” said Mr. Uy in a text message from Surigao City.

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Mindanao seen as new economic hub in Asean www.businessweekmindanao.com

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Mon-Tue | August 29-30, 2016

By ALEX D. LOPEZ, PNA

URIGAO CITY - With the shift in the pattern of world trade and investment destinations to Asian countries, the Mindanao Development Authority (MinDA) sees Mindanao’s strategic position as an advantage to become the next hub in Southeast Asia. This was emphasized by Undersecretary Janet Lopoz, executive director of MinDA, as t he 2 5 t h Mi nd ana o Business Conference (MBC) formally opened its plenary on Thursday at the Gateway Hotel in Surigao City. “The trajectory of business expansions are geared towards this region especially in the banking, transport, storage and logistics, manufacturing, oil and gas,” Lopoz said,

citing the 2011 result of the survey of the Southeast Asia Business Expansion. Lopoz said the ASEAN Integration that opened up the national borders of member nations to allow freer movement of people, goods and services to create a single regional market can be a key to fully utilize the trends of business expansions to the region. hub/PAGE 11

NO TO LARGE SCALE MINING. Rallyists stage a protest march Thursday in Surigao City reiterating calls to stop large scale mining operations in the Caraga Region. mindanews photo by roel n . catoto

MAT WEAVER. Cynthia, a mat weaver in Alubijid, Misamis Oriental, prepares the plastic strands that would help put the nipa leaves in place as she weaves mats in this file photo. mindanews photo by froilan gallardo

3rd Int’l River Summit slated in November in Cag. de Oro By MARK D. FRANCISCO, Staff Writer

ALL is set for the 3rd International River Summit in Cagayan de Oro City in November, this year. Held e ver y two years, the Cagayan de Oro leg comes in the wake of typhoon Sendong tragedy on December 16, 2011 where 1,292

persons have died when the mighty Cagayan de Oro River river swelled and swept away almost everything in its path. It was the worst recorded disaster in the city’s history. Cagayan River is a major inland body of water in Mindanao with he adwaters coming f rom the summit/PAGE 11

Intensified campaign reduces ‘Under declared’ cargoes electrocution incidents: NGCP confiscated in Oro port By MYRNA VELASCO, Contributor

T R A N SM I S SION a s s e t concessionaire National Grid Corporation of the Philippines (NGCP)

has reported decline in electrocution incidents at its facilities as an offshoot of intensified information and

media education campaign. The company credits expanded reach to local government units – up to the barangay level – as well campaign/PAGE 11

By JIGGER J. JERUSALEM, Philippine News Agency

THE customs office here s e i z e d f ive c argo v ans containing truck spare parts from Japan and Korea valued at P10 million.

Chief of Customs Intelligence and Investigation S er vice in Northern Mindanao, Alvin Enciso, confiscated/PAGE 10

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Economy

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rice distribution in Davao, JICA mull partnership NFA Bukidnon continues as on waste-to-energy project farmers resume planting

D

AVAO City -- Davao City and the Japan International Cooperation Agenc y (JICA) are mulling on a partnership to develop a waste-to-energy facility project aimed at improving waste management program. This was revealed by chief Information officer Jefry Tupas, who said this was the agenda of the meeting between City Administrator lawyer Zulieka Lopez and representatives of one of the world’s largest aid agencies. Tupas said that two sides

discussed the results of a feasibility study on the waste-to-energy project. According to Tupas, Lopez was impressed of the project and the team of the city government of Davao is going to make an assessment to be submitted to the mayor. According to the feasibility study, the city can accommodate a wasteto-energy facility and it can help the city improve its waste management program. Lopez, Tupas said, vowed to start the project as-soonas a partnership with JICA

is sealed. One of JICA’s major s t r at e g i c d e v e l o p m e nt p a r t n e r s i s t h e Ja p a n International Cooperation Agency (JICA) whose work in the country spans more than six decades. JICA has been a long-time partner of the government in many projects. JICA is supporting i nclus ive and dy nam i c d e ve l opm e nt an ch ore d on achieving sustainable economic growth, overcoming vulnerability, and peace and development in Mindanao. Tupas said there was

also a study conducted by the University of Mindanao showing that the city has waste materials that have a calorific value of 1372 kcal or heat unit. Most of the wastes produced by the city are plastics, stones and paper. In 2015, the city produced 916 tons of daily wastes and this is expected to rise to 1,053 tons daily by 2021. The city government data explained that the rise of garbage is connected to the growing population of the city as well as to its economic growth. The city’s landfill in New Carmen, Tugbok is expected to be filled up in the next 5 to 7 years due to increase of wastes produced daily. (PNA)

MALAYBALAY City — The National Food Authority (NFA) continued its rice releases to the provincial government for distribution to drought-hit families in Bukidnon as farmers resume planting. Provincial Social Welfare and Development Office’s reports showed that NFA has released a total of 105,000 bags of rice worth over P144 million as part of the provincial government’s rice subsidy program. In the first distribution cluster, 52,000 families received one sack of NFA rice each at P1,500 per sack of 50 kilograms (kgs). For the second set, 53,000 families received one sack each at P1,250 per bag. Likewise, the food agency’s

other marketing channels in government such as Bureau of Jail Management and Penology, Provincial Detention and Rehabilitation Center, and local government units, among others, also distributed 13,634 bags from January to May 2016. A ls o, l ate t h is Ju ly, NFA released 4,000 bags of rice worth P5-million to the Department of Social Welfare and Development (DSWD) for distribution to hundreds of drought-affected families from the towns of Cabanglasan, Dangcagan, Kitaotao, Lantapan, Maramag, Quezon, San Fernando, and the cities of Malaybalay and Valencia. NFA Bukidnon Provincial Manager Mila P. Tanguamos nfa/PAGE 10

RPN Radyo Ronda Stations Nationwide

CNN Philippines Stations Nationwide Northern Mindanao Police Office spokesperson PSupt Surki A Sereñas discusses in August 26 episode of "Ang Rehiyon Karon (ARK)" radio program of the Regional Development Council the government's campaign on illegal drugs or "Oplan Tokhang." He also cited the important role of the community in this fight. ARK is aired live over DXIM Radyo Ng Bayan every last Friday of the month, 4:00 to 5:00 p.m. and delayed telecast at Parasat Cable TV 29 the following week, 5:30-7:00 p.m. (PIA10)

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

CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

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Opinion

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Why Do You Call “Anarchy” What Solves a Pandemic?

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

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Those with a conservative assessment on President Duterte’s war against drugs, crime and corruption aver that the process should still be followed in bringing l aw bre a ke rs to just i c e. T h e y c an b e r i g ht but on ly to t he extent t hat their views deploy arsenals of status quo to fight a pandemic problem that bewails society. They do not want change. They do not really see the curse that helps perpetuate t heir comfor t able lives as oligarchs—or worse, sustain their Drug Business Protection Department. So why should they really care? They are remnants of obsolete systems that perpetuate anarchy that they accuse the current administration about. I say there is real anarchy b e c a u s e w h i l e “t h o s e o n a t r i p” g o v e r n t h e country behind the scenes, courts are only moot and academic at b est w hile p olice work b e comes a mo cker y of t he public. Did general “Bato” De La Rosa emphasize during the senate hearing that during the administrations before Duterte, a police would not think of being a hero risking his or her life as criminals were easily spared with just one call with Malacañang? Why do you call “anarchy” that which solves

Oro Chamber

government units that drug lords are the real bosses. Wi t h t h e s e d i s t u r b i n g s c e n ar i o s , c an we st i l l hollow our traditions in maintaining law and order? The beneficiaries of narco-p olit ics insist on old systems that fatten them. We are aware of their schemes as they seem to be on the same page with syndicates earning millions while in detention—the only case in the world; but don’t hold your breath for a toenadering at New Bilibid Prison even on this front. The killing of approximately 1,700 substance traders is obviously not the work of the Philippine National Police (PNP) personnel. I f c r i m i n a l s f i g ht l aw enforcers—which is often expected—they bring it on themselves. And why attribute the work of criminals as the work of the PNP? There could be syndicates in the police ranks but they are also identified by the Philippine Dr ug and Enforcement Board (PDEA). There is no reason they can hide longer under the watch of intelligence officers in an authentic war. Criminals are just trying to discredit the law enforcers hoping they will get a better advantage. But as the price of marijuana

lucell larawan a n d s h a bu g e t s h i g h e r these days due to the law of scarcity, so is the writing on the wall more wittily inscribed. The perceived anarchy in the war against drugs and corruption really applies to criminals and corruptors in the government. Do not apply it to society because 95 percent seems to see a better country governed as it has never been. No wonder w hy t hous ands do not shout to the streets in decr ying the deaths. Only some New Yorkers w ho do not exp er ience grassroots reality, being deceived by the media and used by the enemies of good stage those rallies against President Duterte; but they are not heeded by a sovereign country whose citizens have developed a little indigenous wisdom and say, “Get out of the way and do not assume to know better than us”.

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Get Over It Think a minute…A young mother said that she never really appreciated her parents until she had children of her own. Only then did she realize all her parents had gone through in raising her. The sacrifices her parents made, the things they put up with and went without so they could feed and clothe her, pay her school fees, take care of her when she was sick, and the list went on and on. But there are sometimes we can feel hurt or angry about things our parents did to us as children. Maybe you feel they were too hard and strict, or your parents treated you unfairly and differently from your brothers and sisters, or they even physically abused you. You might feel they didn’t really love you, or spend enough time with you when you were young. Friend, it may be true that your parents treated you wrongly, so it is completely understandable that you have feelings of hurt and anger toward them. But now that you’re an adult, it’s not so much your parents but yourself whom you’re hurting by staying angry and bitter, refusing to forgive them. Unforgiveness and bitterness will only hurt yourself, because it poisons

a pandemic crisis? Maybe you are merely glorifying your passé traditions that you almost equate to an elixir or you fear losing the share of easy money. You do not realize that the anarchy you are talking about might only apply to how confused and nervous the harbingers of terror have become. You should have clarified the definition of anarchy: does it apply to a chaotic society or how the criminal business faces its doom? Many have reason to insist that you are just referring to the latter and we wonder why you seem to use your weapons to benefit drug traders and corruptors in high positions. Since time immemorial, fighting a crisis of justice had rarely been resolved by following the norms that some insist these days albeit they have become antiquated and ineffective. As President Duterte observes, many drug cases are dismissed; we wonder whether or not the lack of e v idence is t he re a l reason. The ones charged with pushing the poisoned herb simply file counter charges or circumvent the process. Governors, mayors and judges are into the “value chain” and for a long time they have enjoyed the secret matrix that had been beyond one’s ken. One can testify in some local

THINK

A Minute

Jhan Tiafau Hurst your heart and attitude toward life. What’s more, doctors have proven that unforgiveness and anger can cause physical suffering such as migrain headaches, stomach ulcers, high blood pressure, heart disease, and many other sicknesses. Someone said that when we become adults, there comes a time when we have to “get over it.” We have to “let our parents off the hook.” We have to finally stop holding our parents on the hook of our anger, bitterness, and unforgiveness. For your own sake, you must let go of the hurt and forgive your parents, no matter what wrong and painful things they might have done to you in the past. Remember, many times our parents were only doing what had been done to them by hurst/PAGE 10

Vehicles stalled bumper-tobumper for hours, engines running and emitting deadly fumes, frayed nerves, aggravated ulcers, abusive motorists, road rage, delayed or cancelled appointments, lost manhours. They have become the new normal in most parts of Metro Manila today. The sad thing is no solution appears to be in sight, at least for the near term. Irate commuters and motorists can only give vent to their frustrations via social media. Here are some of their posts: PL (a mother of two) narrated: “Soooooobrang traffic…. We took the skyway bus from Alabang South Station, thinking it will be a lot faster going to Ayala, Makati. We were at Nichols by 4:45 pm. But the traffic was hardly moving. I could have reached my destination faster had I walked. But I had my two young kids and their yayo with me. We reached Magallanes at 7 pm. My golly. Nichols to Magallanes. 2 hours and 15 minutes!!! SPM (who works with an air line company) complained: “Terminal 3 to Quezon City took us 4 hrs 45 mins last night (Thursday). POB (a lady lawyer) texted: “Traffic crawling on EDSA, but these SUVs (plate numbers withheld) are using their sirens to bully their way through. Grrrrrr.” CPC (a bank executive):

“I have to leave my place not later than 6 am to reach the office at Makati by 7:30. That means waking up before 5 each morning. In the afternoon, I stay an extra two hours in the office to allow the traffic to ease up before going home.” MGC, (a househelp) takes the PNR train going south. She said: “Matagal talaga maghintay sa tren. Pag nakasakay ka na napakasikip naman. Sobrang siksikan. Kung ano ang puesto mo pagsakay, ganoon ka na lang hanggang sa bumaba. Hindi na pinagbibigyan kahit yung mga senior citizens at mga buntis. Nagtitiis na lang kami dahil mura sa tren (P15) kumpara sa bus (P30). “ How do many Metro Manilans cope with the problem? Those who can, just try to avoid travelling as much as possible. Or they program their appointments on less busy hours. Between 10 and 2 would be relatively light. A group of female Bangko Sentral employees pooled their resources together and rented a condo unit close to office. The added cost is worth it, according to them, compared to the aggravation which they used to suffer when they commuted daily. Those who can, try to bring home some paper work and read them during the commute. Others listen to music, watch videos or play games. Friends travelling together in a van spend the time swapping

stories. I once travelled with a group of Bangko Sentral friends travelling from Alabang to Edsa. We negotiated the skyway in four hours! But we did not mind because one had everybody else laughing because of his non-stop jokes. But what if one has to go in the middle of the traffic? Those with problems controlling their bladder now smartly use adult diapers. Smart travellers make it a point to go to the rest room first before making that tortuous journey. Others who are not so prepared just have to improvise en route. KFC (a female graduate student) confessed sheepishly: “ Once, I really really had to go. And there was no gas station in sight. Lucky for me I found this plastic bag. I asked my driver to step out, rolled up my heavily tinted windows, and peed into the bag. Glad I did not miss.” A friend saw a taxi driver who apparently could no longer hold while caught in the very heavy traffic. The driver just stepped out of the cab which was parked right in the middle of the road. Using the door to shield himself, the driver did his thing while the embarrassed lady passenger looked the other way. So how long do we have to put up with all of these? President Rody Duterte has a simple straight-forward answer. It will take time to solve this mess which we have

SPEAKING

O ut

Ignacio Bunye neglected for so long. But if you want a quick remedy, give me emergency powers. Batting for responsible mining Mario Luis Jacinto, DENR Undersecretary and concurrent Mines and Geosciences (MGB) Director, is a re-assuring voice to the mining industry. To the responsible miners, that is. Articulate, obviously qualified and straightforward, Jacinto vows that the MGB will serve with the highest degree of professionalism, integrity and honesty. He is quick to acknowledge that the mining industry faces many challenges. But at the same time he gives credit to the industry that also has a “lot to contribute for meaningful development” and which has “made positive change possible in the lives of many communities in the past centuries.” Note: You may email us at totingbunye2000@gmail. com. You may also “like” us on Facebook – “Speaking Out”.

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CorporateWorld

Megaworld spends P5-B for new brand Savoy Hotel Forbes PHL Rich List released M EGAWORLDCorp. is expanding its hotel business to beef up recurring income, investing P5 billion to build three hotels under a new brand and an additional P3.5 billion to expand an existing one outside the National Capital Region. In a statement issued on Thursday, the listed property conglomerate announced a plan to create a footprint for its newest brand Savoy Hotel across its integrated township developments located mostly in the provinces. Megaworld will open the first Savoy Hotel within the 150-hectare tourism township Boracay Newcoast by the yearend. The P2.2-billion hotel will offer 530 rooms and feature a concert pool arena overlooking the Sibuyan Sea. The company is opening another Savoy Hotel next year in the 25-hectare Newport City in Pasay City. The 684room hotel is the last of such development to rise within the leisure and entertainment township hosting Resorts World Manila. Megaworld is als o constructing a Savoy Hotel in the 20-hectare The Mactan Newtown in Lapu-Lapu City, Cebu. The hotel will rise 18 storeys high and offer 547 rooms upon opening in 2018. “Megaworld is spending P5 billion to build the three Savoy Hotels in Boracay, Cebu and Manila. Part of our goal is to make this hotel brand visible in our other townships across the country,” its Senior Vice-President Jericho P. Go said in the statement. MORE BELMONT The company is spending P3.5 billion more to expand its portfolio under the Belmont Hotel brand. Megaworld opened its first

MANILA - The Forbes Philippines Rich List was released Thursday (Aug. 25), with retail tycoon Henry Sy, Sr. topping the list for nine years in a row. Forbes used as usual, Net Worth to rank the businessmen, with Sy having a net worth of US$13.7 billion. The list was compiled using shareholding and f i n an c i a l i n for m at i on obtained from the families and individuals, stock exchanges, analysts and other sources. Unlike the billionaire rankings, this list includes family fortunes, including those shared among extended families such as that of Lucio Tan and his relatives, Forbes explained. Net worth is calculated based on stock prices and exchange rates as of the close of markets on August 12. Private companies were valued based on similar companies that are publicly traded. Here, are the Top 10 on the Forbes Philippines Rich List: 1) HENRY SY, SR. - 91 years old - Retail tycoon US$13.7B

Belmont Hotel in Newport City, offering 480 rooms and featuring podium gardens, a 24-hour fitness center and workout area, a penthouse pool bar and cafe, among other amenities. The company will open another hotel with 407 rooms under the brand in Boracay Newcoast by 2018 and another with 550 rooms in The Mactan Newtown in 2019.

“Its underserved markets are hungry for the kind of aspirational products and services that SM tends to bring into its development,” Guidote said. Based from statistics, she explained that Visayas and Mindanao contributed 26.9 percent to the Gross Domestic Product (GDP) in 2014 with growth rate of 5.6 percent and 7.4 percent, respectively. This compares well with Metro Manila’s growth of 5.9 percent, she said. Population grew at an average rate of 1.9 percent in Mindanao, 1.4 percent in Visayas per capita increased by 2.4 percent in Visayas and 5.0 percent in Mindanao, she added. Guidote said they are happy with President Rodrigo Duterte’s economic agenda that is why they are aggressive on bringing down to the regions their businesses. The SM Group is composed

RESORTS, HOTEL & RESTAURANTS DIRECTORIES

A PUBLIC SERVICE BY:

Algen’s Dive Resort (088) 3872015 Apple Tree Resort & Hotel 735411 / 754525 Fax: 754497 0917-7144040 / 0923-3269366 / 0939-9076948 Bahay Bakasyunan sa Camiguin (088) 3871057 / 3870131 Fax: 3870278 Henry Sy Sr. and John Gokongwei are the Number 1 and Number 2 richest Filipinos, respectively.

Sy entered the retail market in 1958 with a footwear shop in Manila. Sy’s family-owned SM Investments is now the largest ret ailer in t he Philippines with stakes in banking, property and retail. 2) JOHN GOKONGWEI JR.- 90 Yrs. Old - Airline, Food, Power, Hotels - $6.8B The founder of JG Summit built his business into Philippines’ f ifth l arge st c omp any w it h a market capitalization of $13.2 billion. He is handing over the reins of the family business to the next generation. 3) ABOITIZ FAMILY Power, Banking - $5B

4) LUCIO TAN - Airline, Banking, Tobacco, Property Development - $4.9B 5) GEORGE T Y Banking, Hospital, Property Development - $4.6B 6 ) T O N Y TA N CAKTIONG - Food, Property Development $4.3B 7 ) JA I M E Z OB E L DE AYALA & FAMILY Property Development, Banking - $4.1B 8) ENRIQUE RAZON JR. - Ports, Gaming, Hotel - $3.5B 9) DAVID CONSUNJI - Construction, Property Development - $3.1B 10) ANDREW TAN rich/PAGE 10

The planned developments will add to three existing hotels offering a total of 449 rooms under the brand Richmonde Hotel, namely: Richmonde Hotel Ortigas, Eastwood Richmonde Hotel and Richmonde Hotel Iloilo. Megaworld is completing the Twin Lakes Hotel in the 1,200-hectare Twin lakes in Alfonso, Batangas near Tagaytay City under the brand. The development

with 126 rooms is scheduled for completion next year. By 2020, the company will have an inventory of around 3,800 hotel rooms under the local brands. “Our rapid expansion of our very own hotel brands is an indication of Megaworld’s diversification as a real estate company, and at the same time, our commitment to support the country’s tourism industry,” Mr. Go noted.

SMIC to bring more biz brands to the South DAVAO City -- A leading conglomerate in the country has earmarked about Php80 billion for an aggressive expansion in the Philippines yearly. This was revealed by senior vice president for investor relations of SM Investments Corporation (SMIC), Connie Guidote, during a round-table discussion with the media at Radisson Hotel here Thursday. This year, Guidote said SMIC is training its eyes on Mindanao, being the next growth corridor area in the country. “Mindanao is the area where we want to grow faster,” she said, adding that the opportunity is in the island. “Mindanao is accelerating as it has become the priority of the President (Rodrigo Duterte),” she said. She said Mindanao and Visayas are the new growth region for SM where significant opportunities await investors.

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of 40 percent business on property, 40 percent banking, and 20 percent on retail. Andall three is doing well, she said. However, she said they need to see on the ground the infrastructures and power, otherwise the absence of any of the two would hamper their expansion plans in areas from the urban center to villages. “But we are hopeful with the way the government is tackling its economic direction,” she said. Meanwhile, SMIC consultant for investor relations, Tim Daniels, said they are swarmed with queries from foreign investors showing interests in partnering with the corporation. He said they had been getting queries of at least three to four calls a day from international investors. Daniels disclosed that two days after President Duterte assumed office, they came to

Davao with their American and Singaporean partners to see and feel the positive business climate in the city. According to Daniela, SM expansion in retail business is a yearly plan. It is opening its premier mall in Cagayan de Oro City in 2017. He said in the pipeline are the medium store, SaveMore and minimarts carrying the Alfa Mart brand. Right now, he said there are 147 SaveMore stores in the country with 78 in Luzon; 43, NCR; 19, Visayas; and 7 in Mindanao. Daniels said that their target is to build five to six malls a year, 30 to 40 SaveMore stores each year, and 10 Alfa Mart stores every month. Alfa Mart is an Indonesian company which concept is just a small store with 200 to 300-square meter area. The objective is for SM to bring modern retail to small communities, he said. (PNA)

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Country Village Hotel 8583004-06 Fax: 8583006

HONORARY MEMBERS: Dept. of Tourism 723696/726394 / 8564048 Fax: 723696 RESTAURANTS: Bigby’s Café 72-1071/857-5511/8575836 Fax: 711843

D’Budgetel 8564200/726643 Fax: 8564300 Dahilayan Forest Park 8568562 to 63 De Luxe Hotel 8572144 / 724548 Fax: 724563 Discovery Hotel 727814 / 8563896 Fax: 8563897 Duka Bay Resort (088) 3312290 Fax: 725265 Dynasty Court Hotel 8574802 Fax: 857900 Grand City Hotel 8571900 / 728469 Fax: 723718 Hotel Conchita 8563856 / 727355 Fax: 8563857 Hotel Koresco 8589749-50 Fax: 8589748 Hotel Sogo 8520383 Kingston Lodge 8585696 Fax: 8585696

Travelers Pod 8518988 Uptown Condotel 8511800

Café Laguna 8582999 Fax: 8567001 DM Villaruy Restaurant 733790 Golden Ajirang I 856-5271 Fax: 727876 Grand Caprice Restaurant 72-6955/856-2302 Fax: 72-4986 Kagay-anon Restaurant 728958 / 8563688 Fax: 8563843 / 729003 La Ilongga Restaurant 72-6183 / 857-3652 Fax: 72-4605 Missy Bon Bon 8566852 / 09228606442 Fax: 8566852

Mapawa Natures Park 8584402 Fax: 725265

SLERS Ham & Café 8551438

Mallberry Suites 8541999 / 7249999 Fax: 8544999

Thai Me Up 738424/3108424 Fax: 738424

Maxandrea Hotel 8572244/729943 Fax: 724090

Barkadahan Grill 8551234

Miami Inn 8581901 to 02 Fax: 725279/728486

La Tegola Cucina Italiana 8585959

N Hotel (088) 8801924 Paras Beach Resort 8568563 Fax: 8568563

limketkai luxe hotel 8800000 Dear manok 8564914 / 8573413

Billboard 6 Great Cyber Security Technologies Need Great People A Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

mon-tue|august 29-30, 2016

By Michael Xie, Founder, President and CTO of FORTINET

s chief technology officer, my primary mandate is to develop technologies to help our enterprise customers improve their security postures. As we cross our 300-patent milestone after 16 years in the business, I am encouraged by the good progress we have made. In recent times, however, it has dawned on me that powerful as they are, our solutions are not reaching their full potential in all the organizations where they are deployed - no thanks to a dire shortage of cyber security professionals to

harness them. This is a global phenomenon, and we have re ache d a st age w here cyber security manpower development cannot be put off any longer. One may assume that with greater automation and the advancement of technology in general, the dependency of cyber security on human beings have fallen. The truth is quite the opposite. According to Frost & Sullivan, more manpower is needed for the following reasons: · More sophisticated and persistent cyber threats – The rising sophistication

of cyber threats is not just to accomplish a singular goal (e.g., steal sensitive information), but to be persistent and effective over an extended period of time. To

achieve these goals, evading detection and, if detected, silently adapting to either continue or reappear later are part of the hacker’s operating principles. Consequently, identifying compromises and qualifying their severity requires constant diligence and deep pockets of expertise. A high degree of talent, knowledge, and time is also needed to thoroughly root out discovered compromises. · Larger IT footprints – The growing ubiquity of mobile devices used for business, both corporateissued and personally owned, and the increasing adoption of cloud services, contribute to a larger IT footprint to protect. The raft of mobile devices (manufacturers, operating systems, and models) and

CEB to hold cabin crew recruitment Around 100 cabin crew positions available

THE Philippines’ leading airline, Cebu Pacific (PSE: CEB) calls for aspiring cabin crew to join its recruitment fair in Manila, Cagayan de Oro, Davao and Iloilo between September and October 2016. CEB is set to recruit around 100 cabin crew to increase its flying crew to more than 1800. The recruitment fairs for cabin crew will be held in the following cities: Manila (Cebu Pacific Building, Pasay City) on September 3; Iloilo City (Corazon Room, Iloilo Business Hotel, Glicerio Pison cor. Benigno Aquino Ave., Smallville Complex, Mandurriao) on September 9; Davao City (Mangosteen and Durian Function Rooms,

Park Inn by Radisson Davao) on S eptemb er 2 4 ; and Cagayan de Oro City (Eaton Room, Mallberr y Suites Business Hotel, Florentino Drive, Limketkai Centre) on September 30. “We of fe r e xc e l l e nt career opportunities and progression, exposure to vast global network of exciting destinations, unlimited travel benefits and competitive packages for fun and dynamic individuals. We highly encourage everyone to be one of us and become instrumental in bringing people together through safe, affordable, reliable, and funfilled air travel,” said Atty. JR Mantaring, CEB Vice President for Corporate

Affairs. CEB will process the applications on the same day, between 9:00 A.M. to 3:00 P.M. Acceptance of updated curriculum vitae with 2x2 photo will be until 1:00 P.M. only. Applicants must possess a dynamic personality, height of at least 5’3” for female, and 5’7” for male, weight that is proportional to height, clear complexion, good eyesight and a catchy smile, among others. Responsibilities include guaranteeing the safety of guests on board the aircraft, and ensuring that guests have a fun and pleasant flying experience. The detailed job descriptions and qualifications can also be

cloud environments (service models and providers) add to the challenge. · More security technologies – Evasiveness of threats and a growing IT footprint require next-generation security technologies to replace and supplement in-place technologies. With this, the security operations team has more dashboards to view, dials to turn, and alerts and reports to examine. · Self-inflicted wounds – No one is perfect and perfection cannot be expected in an IT world of perpetual change. Configuration errors and oversights have and will continue to occur. Similarly, end users will have lapses in judgement (e.g., clicking on an untrusted link). This means re-do and recovery will continue to be a routine part of security professionals’ activities. In the face of the cyber security manpower shortage, the industry has made some stop-gap efforts to deal with the issue. Various organizations are developing machine learning and automation technologies that try to substitute human beings in analytical work. There are also attempts to create artificial intelligence

to discover and respond to security threats. In addition, I expect the industry to continue focusing development efforts on technologies that can let businesses deploy security with minimal manpower. Such technologies include cloud-based security platforms that can help resource-lean SMBs manage or increase visibility, as well as security solutions that can be managed remotely by mobile devices. Commendable as these efforts are, they are no replacement for the flesh and blood of real IT personnel. Intelligent cybersecurity technologies can only take the place of human decision making as an initial filter (take a look at what trading algorithms have done to the modern stock market) - at the end of the day both artificial intelligence and human operators need to work together. Without the human element, larger and larger swaths of the world will suffer from poorly implemented cyber security - security tasks will be sub-optimally done, leading to greater vulnerabilities in cyber defences and inefficiently run security departments. security/PAGE 10

BDO to further expand rural bank branches nationwide By Digna D. Banzon

found on www.cebupacificair. com or CEB’s page on jobstreet.com.ph. CEB recently conducted a re c r u it me nt f ai r for cabin crew wherein about 1000 applicants visited its headquarters in Manila. In it s 2 0 t h ye ar of operations, CEB has flown over 130 million passengers, and operates a network of 66 destinations in Asia, Australia, the Middle East, and USA. Its 57-strong fleet is comprised of seven Airbus A319, 36 Airbus A320, six Airbus A330, and eight ATR 72-500 aircraft. Between 2016 and 2021, CEB expects delivery of 32 Airbus A321neo, two Airbus A330, and 16 ATR 72-600 aircraft.

DAVAO CIT Y -- After acquiring ownership of One Network Bank (ONB), the BDO is expanding its rural bank branches to the different parts of the country. SM Investment Corp. (SMIC) senior vice president f or Inv e s t or R e l at i on s Corazon Guidote said the acquisition of ONB expanded the regional presence of BDO particularly in its target market in the south and opened up business lines for the bank. She said BDO Unibank has a total of 182 branches in Visayas and Mindanao and over 100 branches under ONB in the region. On the other hand, she said China Banking Corp.

has 87 branches in VisMin and 16 branches under China Bank Savings in the region. BDO Unibank, Inc. senior vice president for Investor Relations and Corporate Planning Luis Reyes, Jr. said it would carry the name One Network Bank, a rural bank of BDO. He said there was not much changes in its operation except that they needed to strengthen the funding base and more flexibility with regards to their clients. Reyes did not, however, explain the details but he said they welcomed the move of Bangko Sentral ng Pilipinas for some policy changes with regards to rural banking, bdo/PAGE 10

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

mon-tue|august 29-30, 2016

Banking&Finance

PHL business confidence at all-time high for Q3 T HE overall business confidence index for this quarter reached 45.4 percent, the highest Q3 reading of all time, based on the Business Expectations Survey (BES) conducted by the Bangko Sentral ng Pilipinas (BSP) from July 1 to August 12. The BES is a quarterly survey of firms drawn at random from the combined lists of the Securities and Exchange Commission’s Top

7,000 Corporations in 2010 and Business World’s Top 1,000 Corporations in 2014. Results give an advance i n d i c at i on of s e l e c t e d economic indicators and the direction of change in the economy’s overall business activity. Computed as the percentage of firms that answered in the affirmative, less the percentage that answered in the negative, the confidence index indicates

the view of respondents on a given indicator. Despite the record high, business outlook on the economy was slightly less optimistic in the current quarter compared to the 48.7 percent registered in the Q2 survey. T h i s i n d i c at e s t h at the number of optimists declined but continued to be greater than the number of pessimists during the q u a r t e r. R e s p o n d e n t s

attributed their less buoyant outlook mostly to seasonal factors. For the quarter ahead, business confidence rose to 56.8 percent, suggesting that growth could accelerate in the last three months of 2016. The more positive outlook for Q4 was driven by confidence in the new ad m in ist rat ion and an expected acceleration in the rollout of infrastructure projects, among others.

Tax hike for oil products to push up prices of basic goods: Bayan Muna A PROPOSED tax increase for oil products is counterproductive and will negate any relief people could get from the reduction of personal income and corporate taxes, according to a party-list lawmaker. “This proposal is antipeople and would definitely have an adverse effect on consumers. Higher taxes for oil would create a domino effect that would spike the prices of basic goods and ser vices like water and electricity,” said Party-list Rep. Carlos Isagani Zarate of Bayan Muna. He made an example to illustrate the folly: imagine,

he said, how a P10-increase in gasoline and P6-increase in diesel would impact prices of rice, fish and meat.”These would be so burdensome to ordinary citizens,” he added, speaking in Filipino. He expressed hope that Finance Secretary Carlos Dominguez would consider delisting the petroleum tax from the options being eyed by fiscal managers in order to cover the forgone revenue expected once the Duterte administration fulfills its promise to cut personal income and corporate taxes, currently among the highest in Asia. The DOF should look for

other non-tax means that would not hit the poor as hard, Zarate said. “We can look at the national budget for other items that could defray the lost tax revenue from lowering income taxes,” and gave as examples: the Risk Management Fund at P30 billion, the Comprehensive Automotive Resurgence Strategy at $600 million or P28.2 billion as well the Industry Competitive Fund at P5 billion. B as e d on t he D OFproposed comprehensive tax reform package, an excise tax increase on gas, diesel and other oil products would bring an estimated revenue

gain of P178 billion in the first year of implementation. The DOF’s proposal was to raise the tax on regular kerosene and other products to P10 per liter. Under the proposal, similar hikes are contemplated on products subject to excise tax like aviation turbo jet fuel, lubricating greases and oils, leaded and unleaded premium gasoline, naphtha as well as petrolatum and waxes. Finance has also proposed a tax increase of P6 per liter for diesel as well as other products currently exempted from excise tax, including hike/PAGE 10

7 OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274

METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057

ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893

METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162

BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075

METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721

BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637

METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924

BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796

METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731

BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405

METRO BANK- GAISANO 8561720

BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298

Visa sees growth in e-payments

CHINA BANK –GAISANO 745887/745880

your barangays don’t have access to physical brickand-mortar banks, so we see technology like mobile leaping and bringing access to financial services quicker and faster,” Mr. Tomlinson said in an interview at the sidelines of the Oxfam-Visa event for the Innovative Electronic Cash Transfer Programme for Emergencies. Credit and debit card penetration in the Philippines was at 11.4% in 2015 from 9.2% in 2010. Cash still accounts for bulk of transactions at 82.3%, although down from five year’s ago rate of 84.4% while bank transfer, direct debit and checks stood at 6.3%, also declining from 2010’s 9.2%, Visa earlier said. “ C l e a r l y, t h e r e i s opportunity for technology that brings access to financial products... just think about t h e f i nt e c h ( f i n a n c i a l technology) community and how they are developing very, very accessible interface in the mobile phone. Mobile commerce is a real and exciting opportunity and Visa ensures that we create a safe, secure payment environment when they use e-commerce,” according to the Visa official. Moving for ward, Mr. Tomlinson said Visa expects the growth in e-payments to continue, with the booming visa/PAGE 10

CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240

VISA, INC. sees electronic payments in the country further expanding, with transactions through mobile phones expected to drive the rise in digital payments here. Stuart Tomlinson, Visa country manager for the Philippines and Guam,

said the “high uptake” of mobile use in the country could make it easier to reach the unbanked from across the archipelago and could prove more cost-efficient for financial service providers since physical presence would no longer be that necessary.

“There’s no question, we see a shift to mobile commerce... The reality is commerce is moving to the mobile phone. There are schools of thought that say because of your geographical setup, there are infrastructure challenges and again, 30% of

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

Bartender Ferland Daayata performs his skill during the Higalaay flairtending competition held Friday at Centrio Mall. PHOTO BY Mark Francisco

CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274

CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819 CDO MAIN BRANCH

P & J Lim Bldg., Tiano Brothers EAST WEST BANK Sts., #5Kalambagohan Juan Sia Bldg. Apolinar Velez St.Cdoc Tel. # (08822) 727-829 * 8578801/720081 Telefax # (088) 856-1947 CAMIGUIN EAST WEST BRANCH BANK B. Aranas St., Poblacion, Cogon De Oro Constraction Mambajao, Camiguin Bldg. LKK Tel. # (088) 387-0491 Drive 8500339/8500331 CORRALES BRANCH Corrales Ave., Cagayan de Oro City ENTERPRISE BANK

INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558 PLANTERS DEVELOPMENT BANK

Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774 SECURITY BANK- LKK Limketkai | 8801258/8801625 DIVISORIA BRANCH SECURITY BANKVELEZ Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez Velez Montalvan St.,St., Cdoc | Cagayan de Oro City 728334/856632 Tel. # (088) 857-3631 LAPASAN BRANCH STERLING BANK OF ASIA Lapasan Hi-way, Tiano Velez CDO | 8528171/8528168 Cagayan deSt. Oro City Tel. # (088) 231-6739

UCPB BANK- LAPASAN

CARMEN BRANCH Osmeña Corner Lkk Drive,de Cdoc Vamenta Blvd.,Cagayan Oro City Tel. # (088) 231-2011 85771842/ 725135

UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527 UCPB BANK SAVINGS-CAPISTRANO

Capistrano Corner CruzTaal St. CDO 8524099/722695

UCPB BANK SAVINGS- OPOL Gf forever Books Bldg.Bulua National CDO 754519/8588063 UNION BANK Lapasan Cm.Recto Cdoc | 8566847/8563805 WEALTHBANK Velez Gomez St. Cdoc | 8568942/722174 1ST VALLEY BANK Vamenta Blvd. CornerLirio St. Carmen, Cdoc 8501871/ 8584146 OROBANKERS CLUB Inc. Pnb Carmen | 09151850242

BusinessWeek MINDANAO www.businessweekmindanao.com

Feature

Mon-Tue | August 29-30, 2016

8

JR Borja General Hospital pioneers remote medical consultations By Mark D. Francisco

CAGAYAN DE ORO CITY – The city-owned JR Borja General Hospital may be the first medical facility in the country to provide remote consultations. While certain charitable health organizations such as VSee conduct medical missions in remote areas through video conferencing or BPM companies providing telemedicine support, this will be the first time a medical facility pilots telemedicine in the country. On the eve of the city hospital’s 53rd anniversary last Tuesday, JR Borja General Hospital debuted the project with a teleconferencing between Dr. Reagan Joseph Villanueva from Southern Philippines Medical Center in Davao City and a 29-yearold female schrizophenic at a holding room in the facility.

The exchange was witnessed by Mayor Oscar S. Moreno, city health officer Fe S. Bongcas, city social welfare officer Teodoro Sabuga-a and JR Borja General Hospital executive officer Ramon M. Nery. M r. M o r e n o s a i d they are prioritizing psychiatric patients in the teleconsultation program so City Hall could get rid of vagrants roaming aimlessly in the urban thoroughfares of the city. “These people come as far as Zamboanga and they have been evicted by their own families. Our doors are open to them,” the mayor said. It can be recalled that in 2015, almost a hundred vagrants were rounded up in Cagayan de Oro City, shipped to Davao City and transferred custody to the

mental facility there. But another viable option would be teleconferencing, Mr. Moreno said. Under this scheme, the psychiatrist (in this case Dr. Villanueva) would talk to the JR Borja mental ward nurses, recommend medicines and other interventions to the patient and ask for their periodic assessment of the patient. Dr. Villanueva said there are only 700 practicing psychiatrists in the Philippines catering to almost a million schizophrenic patients. “That is why this plan of the CDO LGU is commendable,” he said. Patients also interact with the psychiatrist using video conferencing so he could assess them directly and make additional recommendations to the hospital staff. If the project becomes highly successful, Dr. Nery said JR Borja Hospital will

Dr. Reagan Joseph Villanueva speaks from his Southern Philippines Medical Center clinic in Davao City to a schizophrenic patient of JR Borja General Hospital via video conferencing in a groundbreaking remote medical consultations program between the two hospitals. photo by mark francisco

introduce more remote tasks such as teledermatology or even teleradiology.

Momentarily, the city government is fasttracking the construction of a mental

health facility so they could cater to more patients by the day.

Sikat ka Higala By SHERYL MACALE As a writer/columnist/ journalist and broadcaster in my filed I find interesting news and story to tell. My medium has a useful power to bring a story to life. I find good subjects that would bring an inspiration to my readers and viewers and setting an example that journalism is fair and just because it exemplifies the truth. I try to find the meaning of life by knowing our purpose of existence. God plays a very big role in

my life I was brought as a Christian and kindness is one trait I have learned. I grow up watching my dad giving away candies to neighboring kids and I remember every Christmas we harvest coffee beans and gather kids to break the beans dry them and sell them. Then my dad would get a big pine tree from bukidnon and the money from the harvest will be hang as ornaments at a 20 peso bill and real apples will be hanged too. It was a great childhood

my dad is very generous and it makes him happy to give. I wanted to be like him and thus I am exactly like him. Charity is such an honorable act that I admire those that does it. I have met the Eye Surgical Team 2 years ago at my Radio program and this year they have come up with a Gift of Sight program. This eye surgical team had existed for over a decade now since 2005. The Cagayan de Oro Eyesight Board has 2 programs 1)EYECARE and

2)A Gift of Sight For A Child. Recenty a memorandum of agreement was made between the Eyesight Board and the City wherein to form a team of ophthalmologists to promulgate section 15 article III and section 11 of article XIII of the 1987 Constitution mandate that the State shall protect the right to health of the people” and shall adopt a integrated and comprehensive approach to health development, sikat/PAGE 10

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

mon-tue|august 29-30, 2016

Community

9

Subanen Babaylan, Archbishop bless ground breaking ceremonies for community projects in Sapang Dalaga Community volunteers of Sapang Dalaga in Misamis Occidental joined in on the ground breaking ceremonies for the proposed sub-projects in their municipality. Misamis Occidental is home to the Subanen Tribe, a Babaylan and Archbishop Alex Suaner led the joint ceremonies during the ground breaking ceremonies in the area. The proposed sub-projects are the Concreting of .300km Farm-to-Market Road in Barangay Capundag with a total project cost of Php 1,894,444.35; Installation of 15 Units Solar Street Lights amounting to Php 853,516.00 in Barangay Dioyo; and the Construction of a 1 Unit Day Care Center with a total project cost of Php 886,586.00. The project is funded through the Department of Social Welfare and Development poverty alleviation program Kapit-Bisig Laban sa KahirapanComprehensive Integrated Delivery of Social Services: National Community Driven Development Program (KALAHI CIDSS-NCDDP). Photos Courtesy of Alex Suaner, Area Coordinator, DSWD KALAHI-CIDSS: NCDDP, Sapang Dalaga, Misamis Occidental

NFA rice distribution in Bukidnon continues as farmers resume planting M A L AY B A L AY C I T Y, Bukidnon — The National Fo o d Aut hor it y ( NFA) continued its rice releases to the provincial government for distribution to droughthit families in Bukidnon as farmers resume planting. Provincial Social Welfare and Development Office’s reports showed that NFA has released a total of 105,000 bags of rice worth over P144 million as part of the provincial government’s rice subsidy program. In the first distribution cluster, 52,000 families received one sack of NFA rice each at P1,500 per sack of 50 kilograms (kgs).

For the second set, 53,000 families received one sack each at P1,250 per bag. Likewise, the food agency’s other marketing channels in government such as Bureau of Jail Management and Penology, Provincial Detention and Rehabilitation Center, and local government units, among others, also distributed 13,634 bags from January to May 2016. A ls o, l ate t h is Ju ly, NFA released 4,000 bags of rice worth P5-million to the Department of Social Welfare and Development (DSWD) for distribution to hundreds of drought-affected nfa/PAGE 10

Establishment of rehab center in Oro sought CAGAYAN DE ORO CITY –In line with President Rodrigo Duterte’s campaign against illegal drugs, the City Council during its regular session adopted Resolution No. 12431-2016, urging the city mayor of Cagayan de Oro to create or establish a city-government owned rehabilitation center and to allot funds for the purpose. This is an offshoot of the special report of Councilor Reuben R. Daba, chair of the City Council committee on social services. Councilor Daba said an adhoc committee was created to study the establishment of t h e pro p o s e d d r u g

rehabilitation center. He said a coalition for drug-free society has been formed, which is composed of private and public entities led by Archbishop Antonio Ledesma, the Department of Health (DOH) and Mayor Oscar Moreno. Daba informed the body that on September 8, 2016 the coalition will start to formulate the final draft and the Memorandum of Agreement (MOA) for the purpose. PHILHEALTH Councilor Daba proposed that the rehabilitation cost and dental treatment of rehab/PAGE 10

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Confiscated... from page 1

said Friday the cargoes were declared as truck parts intended as replacement items. However, he said, the cargoes turned out to be assembled truck sections which did not have permits from the Department of Trade and Industry’s Bureau of Import Services (DTI-BIS). Seized were truck parts, cabin, chassis, engine, shock ab s orb er, dif ferent i a ls, windshield glass, tires with rim, dashboard siding top cover, used door, front axle, rear axle gas tank, and cargo box, Enciso said. He said that when cargoes are declared as a replacement, the consignee should obtain a permit from the DTI-BIS. Enciso said the items were traced to the consignee Transport Automotive Sales Corp. based in Imus, Cavite. He said it baffled the customs officials why the container vans were shipped to the Mindanao Container Terminal (MCT) in Tagoloan, Misamis Oriental when the nearest port was in Manila. The shipper was identified as Zulfiqar Motors Co. Ltd., with address in Koshigaya City, Saitama Prefecture, Japan. “When it was learned that the consignee is from Cavite, we got suspicious and upon the alert order of District Collector Ruby Claudia Alameda, we opened the container vans,” Enciso said. The Anti-Smugg ling and Anti-Corruption Team (ASACT) reported that the container vans arrived at the MCT early this month but were declared seized last Wednesday. He said the ASACT, composed of Bureau of Customs and Philippine Drug Enforcement Agency personnel, opened the vans Thursday. (PNA)

NFA... from page 2

said the agency’s rice releases is pursuant to February 15, 2016 B oard Res olution placing the province under state of calamity caused by El Niño phenomenon that started in October 2015 until early June this year. Before the onset of the planting season, NFA records showed it has already released a total of 122,442 bags. “As a government entity, NFA will continue to be at the forefront of the country’s food security to ensure supply stability and availability of the staple cereals especially in times of emergency,” Tanguamos said. (Maria S o cor ro S. Mel l om i d a, NFA Bukidnon/RLRB, PIA 10-Bukidnon)

Hurst... from page 4

their own parents. So God is their fair judge, not you. A L L n e e d G o d ’s forgiveness for our many wrongs and hurts we’ve caused others. Jesus Christ said that we can never make

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our peace with Him and be forgiven, until we’ve made our peace and forgiven those people who have hurt and wronged us. This includes our parents! So why don’t you ask Jesus to give you His mercy and love, so you can finally reach out to your parents to forgive them, care for them, and honor them for all the good things they did do for you—before they’re gone and it’s too late. Just Think a Minute…

Rich... from page 5

Property Development - $3 billion N O TA B L E T R E N D S IN THIS YEAR’S LIST, ACCORDING TO FORBES PHILIPPINES: • The year’s biggest winner percentage-wise is new billionaire Edgar Sia II (No. 17, $1.2 billion). The 39-year old saw his wealth increase by 200%, thanks to DoubleDragon Properties, the real estate development company he owns with Tony Tan Caktiong. • Ramon Ang (No. 16, $1.21 billion), who runs conglomerate San Miguel, saw his net worth increase by $700 million to $1.21 billion due to the company’s growth strategy in energy and other infrastructure which propelled its stock value by 50%. In May, Ang announced plans to build three power plants and a food complex in Mindanao. • New to the list this year is Ben Tiu (No. 44, $175 million). The eldest son of selfmade steel magnate John Tiu Ka Cho took over TKC Metals in 1987 and led its entry into financial services with thrift bank Sterling Bank of Asia. He also co-founded one of the country’s largest non-banking remittance companies, I-Remit. • Bienvenido Tantoco Sr. (No. 46, $165 million) suffered the biggest loss percentagewise this year. His wealth fell by 65% from $480 million last year. • The wealth of mining tycoons also took a blow last year as nickel prices d ro p p e d a n d t h e n e w administration took steps to tighten regulations for the sector. Three mining magnates dropped off from this year’s list, including Philip Ang, who ranked No. 41 last year. The minimum amount required to make the list was $145 million, up from $120 million last year.

Security... from page 6

On the security technology provider front, we can expect to see more consolidation in the near term. A dearth of security practitioners will make it hard for small vendors to both develop their technology and expand headcount, putting pressure on them to merge with larger solution providers. To successfully groom cyber security talent, all stakeholders in the industry must come together – not just technology providers, but governments, regulators, educational institutions,

services providers and endusers. There must be more concerted setting of the security education agenda, curriculum development and knowledge transfer, funding and internship programs. Fortinet has taken a lead in some of these areas, and would encourage other industry stakeholders to do the same. For young aspiring cyber security professionals, it will be immensely helpful if you could reach out to the industry to signal your interest. And if you aren’t sure you will make a good cyber sleuth? Just ask yourself a few questions. Did you grow up reading Agatha Christie? Do you have a natural inclination for investigation and discovery? Do you love connecting dots and reading minds? Is good triumphing over evil important to you? Do you enjoy using technology to solve everyday issues and improve lives? If you have answered yes to all these, the industry needs you.

BDO... from page 6

saying that streamlining of some policies would benefit their bank clients more especially on documentation. ONB officers were also retained but with changes in the composition of the Board of Directors, he said. He also disclosed that they have 3,300 ATM machines deployed in different parts of the country and these could be used both by their BDO and ONB clients. Reyes said they were also launching their micro-finance product in partnership with the Texas Pacific Group (TPG). He said they would be using the platform of ONB and once ready, it would be carried out in all ONB branches. (PNA)

Hike... from page 7

asphalts, bunker fuel oil, denatured alcohol used for motive power, kerosene, liquefied petroleum gas (LPG) and processed gas. Instead of increasing taxes or expanding the value added tax (VAT) - from 12 to 14 percent and scrapping much of the exemptions - the government, said Zarate, should even “help us in scrapping VAT from basic services like electricity, water, oil products and even systems loss. Hindi dapat sabihin na kapag may lower income taxes ay magtataas naman sa VAT o palalawakin ito, may iba pang paraan para mapunan ang mawawalang kita, isa na dyan ay galingan nila ang pagkolekta ng tamang buwis.”

Visa... from page 7

e-commerce industr y in the country seen to boost digital transactions and the Bangko Sentral ng Pilipinas’ (BSP) push to shift to an electronics-based payment system under the envisioned national retail payments system (NRPS), which is seen to help promote financial

stability and inclusion in the country. “What Visa is doing is we’re building technologies to secure payments within the mobile phone, if you think about payments, we started out with plastic, and then e-commerce and they’re both sustainable so we don’t see any reason why mobile commerce wouldn’t be sustainable,” he added. “We are constantly investing in technology that will make sure transaction payments is safe, secure and well-protected.” Pia Bernadette RomanTayag, head of the BSP’s Inclusive Finance Advocacy Staff, said that the Philippines makes 2.5 billion payment transactions a month and “only around 1% are done electronically” while 99% are still settled either through cash or checks. “We’re a ver y cashdependent country. Our goal is to really make e-payments at least 20% [of total payments] by 2020,” the BSP official said in her speech during the same event, noting that the central bank is also working to utilize its planned NRPS since “cash is very expensive and cash is also not very safe... We hope to see more digital inclusion because what we see is promising figures. Technology has the promise to increase that.” Mr. Tom l i ns on s ai d that programs like the Electronic Payment Solution (EPS) project it launched in 2015 with international humanitarian aid organization Oxfam -- a simple platform that supports money transfers during disasters and national calamities which allows withdrawals from automated teller machines and partner remittance centers, overthe-counter purchases and purchases through mobile store set up 20 kilometers from the city -- are stepping stones to grow electronic payment penetration in the country. “As we bring people into the system, we lay the foundation for a deeper financial relationship. So when you go from prepaid, then you go to an account, so you have your own stored wealth. Then you move from savings to credit,” Mr. Tomlinson said.

Sikat... from page 8

respectively. As the JR Borja City Hospital celebrates its 53rd Anniversary it was launch on the 25th of August. The gift of eyesight program is the new project of the board to address the error of refraction (EOR) among elementary and secondary pupils. Many students nowadays, fail in school because they hardly see the notes or writings on the blackboard due to this cause and being misjudged as lazy or incompetnent, causing a big problem that some parents cannot afford the check up and the eyeglasse itself thus thus this project existed. The Board cosnsisted of Dr.Carlo Romero the Chairperson Dr. Ramon Ner y as the Vice chair and composing members Dr. and councilor

Malou Gaane, Sun T. Co.MD, Doris B ede N. Barlaan MD, Lorraine Jungco,MD, Dietmar Schug,Garbielle Evangelista MD, Aurora Catajoy OD,Vince H. Cinco O D, Wi l l i a m B e r n a r d o MD, Marlo Tabas Gusa Brgy,Chariman, Eugenio Atrienio PHD, Elmer Wagas MD and Teodoro Sabuga a Jr. Eyesight Board Executive Director this is joined by the cooperation of the City Mayor Oscar Moreno and the members of the council. We witnessed the smiles of the beneficiaries and school children from West City Central School as they were awarded by the Doctors and members of the Jr Borja Hospital. It was a beautiful sight indeed. The government is at work and they work hard to achieve and give the neeed that the people deserve. To the whole eye surgical Team, The City administration Vice Mayor Kikang Uy. Mayor Moreno, Dr,Nery, Dr.Evelyn Perez and Dr. Fe Bongcas and the CSWD eye surgical team Sikat kayo Mga Higala.

NFA... from page 9

families from the towns of Cabanglasan, Dangcagan, Kitaotao, Lantapan, Maramag, Quezon, San Fernando, and the cities of Malaybalay and Valencia. NFA Bukidnon Provincial Manager Mila P. Tanguamos said the agency’s rice releases is pursuant to February 15, 2016 B oard Resolution placing the province under state of calamity caused by El Niño phenomenon that started in October 2015 until early June this year. Before the onset of the planting season, NFA records showed it has already released a total of 122,442 bags. “As a government entity, NFA will continue to be at the forefront of the country’s food security to ensure supply stability and availability of the staple cereals especially

in times of emergency,” Tanguamos said. (Maria S o cor ro S . Mel lomi d a, NFA Bukidnon/RLRB, PIA 10-Bukidnon)

Rehab...

from page 9 “Tokhang” respondents be included in the PhilHealth coverage. The councilor said he already sent his proposal to PhilHealth. According to councilor Daba, about 600,000 individuals have voluntarily responded to the call of the president in line with the campaign against drugs. “The operation “Tokhang” has reached every remote area of the country, which is in effect give concern to the government agency and a responsibility to fill-in in order to address the drug issue,” Daba cited. The councilor said he is also concerned about the families of those who are involved in illegal drugs. “The families of those drug respondents are left with the traumatic experiences… there should be reintegration for the respondent to become responsible member of their family as well as to the community and a drug-free individual,” Daba stressed. SUPPORT Councilor Daba said Senator Tito Sotto is aware of the proposal. He requested the legislative body to support the move. “ Na g h a n g y o a k o s a cooperation sa ato tanan mga kauban nako sa konseho dako gayud kaayo ang atong problema dili gyud nato makaya kun dili kita magtinabanga sa kada isa (I am appealing for the cooperation of all my colleagues in the council as it will greatly help our problem. We can’t do it if we don’t support each other),” he said. (JBD/CDO Legislative Information)

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Hub... from page 1

“If ASEAN were one economy, it would be the seventh largest economy in the world with 2.4 trillion US dollars combined Gross Domestic Product (GDP) in 2013. It could be the fourth largest by 2050 if growth trends continue,” she added. Since the late 70’s, she said, ASEAN has already outpaced the rest of the world in terms of per capita income growth. The region’s potential market is also considered larger compared to Europe and North America considering the number of its population that now counts to over 600 million people, Lopoz said. Strengthened integration The various aspects of ASEAN Integration are now gaining ground as the member-countries work hard to integrate as a single economy. In t e r ms of t ar i f f s , Lopoz said the Common Effective Preferential Tariff rates are virtually zero for Brunei, Indonesia, Malaysia, Philippines, Singapore and Thailand; while more than 70 percent of the intra-ASEAN trade is now tariff-free, with less than 5 percent subject to tariffs above 10 percent. On the other hand, the banking sector in ASEAN “is a key sector to watch as consolidation and network externalities are now taking place.” Lopoz cited the expansionar y strategies being pursued banks in Thailand to ASEAN-member countries like Cambodia, Laos, Myanman and Vietnam. “Many of these banks join the DBS Holdings, a Singaporean bank trying to acquire the Indonesian PT Bank Danamon, and the Affin Holdings Bhd, a Malaysian banking group trying to acquire majority share of Indonesian PT Bank Ina Perdana, in expanding in Indonesia, the largest ASEAN member country,” Lopoz said. She added that Maybank and CIMB of Malaysia have also started to penetrate the Philippine banking market w it h pl ans to incre as e branches in the country by 100 in 2014 to 200 by 2018. In the field of manufacturing, the country’s Universal Robina Corporation is now mulling on spending US$20 million to $30 million to set up food manufacturing facilities in Myanmar while the Asiawide Refreshment Corporation, the exclusive manufacturer and distributor of RC Cola in the Philippines is also set to establish manufacturing facilities in the same country. The air carriers in ASEAN countries are also finalizing their expansion plans to widen their services and areas of destination. Lopoz said the Lion Group ordered 230 Boeing 737 jets in a deal worth US$22.4 billion in 2011 and 234 Airbus medium haul aircraft in a deal worth US$23.8

billion in 2013. The Air Asia Group, she added, also purchased an additional 100 Airbus planes worth US$9.4 billion in line with its expansion goals in ASEAN. T he c ou nt r y ’s C e bu Pacific also took a bold move in strengthening its position in air transport industry by acquiring a 40 percent stake in TigerAir Philippines while the Air Asia Philippines also acquired a 49 percent stake in Zest Air, Lopoz added. In utilities and infrastructure, Lopoz also cited the acquisitions made by Philippine companies and corporations that further strengthened their position in the ASEAN market. In 2011, the San Miguel Corporation (SMC) acquired 65 percent of Esso Malaysia for US$1.8 billion that made all Esso stations in Malaysia rebranded to Petron. SMC also established a consortium with Citra group that is involved in the construction of toll ways and roads in the country and Indonesia. “Further, Manila Water, which has a 49 percent stake in one of the main suppliers of water in northern part of Ho Chi Minh City, has acquired 51-percent equity share of the water concessionaire in charge of the Western Zone of Jakarta. In addition, Meralco engaged in a joint venture with First Pacific Corporation in acquiring a 70-percent stake of an 800 MW Liquefied Natural Gas project on Jurong Island in Singapore,” Lopez said. Mindanao as ASEAN’s economic hub Lopoz said Mindanao can take advantage on the ongoing trends in the international market, par ticularly in the ASEAN because of its strategic location in the region. “Our country remains to be one of the fastest-growing economies in Asia. And if our country is growing at that pace, Mindanao is not far behind,” Lopoz said. Mindanao can take advantage of what the ASEAN has to offer as the islandregion is very well positioned to become the next wave of strategic growth hub in the region, Lopoz added. C i t i n g M i n d a n a o’s demographic dividend, the island-region has a relatively young workforce with an average median age of 23 to 24 years old, she said.

“In the case of Singapore, Malaysia and even Thailand, they are practically at full employment, needing extra labor capacity to grow,” Lopoz said. She also reported that the main distributor of Toyota in the Middle East recently visited Mindanao three times to look for possible plant sites for their car parts. The company, she said, has already visited the areas in Surigao, Davao Oriental, M i s a m i s O r i e nt a l a n d General Santos City. They are also looking for a skills training institute partner which can supply their required manpower, Lopoz added. She also took note of the highly literate and competitive pool of MIndanao’s human resource, as the islandregion hosts a number of academic institutions which have been internationally recognized for its expertise and exemplary performance in honing highly competitive graduates. “We have 438 universities and colleges in Mindanao, some of which have been internationally recognized as one of the top 300 best universities in Asia in various fields,” Lopoz said. Fu r t he r, L op oz s aid Mindanao still has so much room for expanding business and adding value to industries as the island-region is still into primary resource-based industries with high potential in hydropower and biomass resources. Other considerations that Lopoz presented that will push Mindanao to become the next economic hub in ASEAN are connectivity, infrastructure, logistics, power, telecommunications and policy environment. She a ls o laude d t he political will and current e f for t s of t h e D ut e r t e administration to draw and finalize peace agreements in Mindanao. Lopoz also cited President D u t e r t e’s d i re c t i v e o n streamlining the permitting processes in government, saying that the move “is one big important step towards improving our competitiveness.” “ We n e e d t o w o r k on improving our competitiveness. It is clear that trade and investments opportunities are favoring the ASEAN region and we cannot simply sit back and watch things happen or pass us by,” Lopoz said.

Republic of the Philippines Province of Misamis Oriental Municipality of Initao -o0oNOTICE TO THE PUBLIC CFN-0008-2016

Date: August 19, 2016

In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of Administrative Order No. 1 Series of 2012 (IRR on R.A. 10172), Notice is hereby served to the public that GABRIEL B. SARMIENTO has filed with this Office, a petition for change of first name from “LINO” to “GABRIEL” and correction of entry of sex from “ “ to “ “ in the certificate of live birth of LINO B. SARMIENTO at Initao, Misamis Oriental and whose parents are INOCENTES J. SARMIENTO and LINA U. BAGARES. Any person adversely affected by said petition may file his written opposition with this Office not later than September 5, 2016. BWM: Aug. 22 & 29, 2016

(Sgd.) ISAIAS A. JARALES Municipal Civil Registrar

Summit...

Campaign...

Kalatungan and Kitanglad mountain ranges of Bukidnon. Department of Environment and Natural Resources (DENR) 10 director Ruth M. Tawantawan said the November 24-26 conference to be held at Limketkai Luxe Hotel will focus mainly on the Cagayan riverbasin but will inject inputs from international experts on the latest technology and research in river basin governance and management of watersheds and coastal areas. “We will build consensus that will address gaps in policy and programs implementation of the river basin management and expand avenues for g re ater co op erat ion in finding sustainable solutions for development and environmental stewardship,” Ms. Tawantawan said. Ms. Tawantawan was quick to point out though that DENR will just act as secretariat in the convention because it is organized mainly by the non-government entity International River Foundation. Originally founded in Brisbane in 2003, the International River Foundation has since moved its headquarters in the Philippines, assisting governments around the world in river basin management from the Danube River in Europe to the Mekong River in Southeast Asia and St. Johns River in the United States and many others. Other issues to be discussed in the November summit this year will be resilience building in river management, integrating ecological services in policy and planning, biodiversity and ecosystem services and Philippine good practices in river management.

as to the media, on purported achievement on this sphere. The company noted that “with improved line safety campaign focusing on public engagement and a new media approach, NGCP is registering a decrease in electrocution incidents involving power transmission facilities in the country.” NGCP further stated that it had been logging steady decline in electrocution mishaps “from a peak of 29 in 2012 to a five-year low of 17 in 2015.” The company similarly emphasized that “no employee-related accidents” have been registered so far from last year until this time. “Information sessions focusing on transmission line safety and right-of-way (ROW) were conducted in barangays and local government units identified as crucial to NGCP operations, particularly project completion,” the company stressed. NGCP has also been expecting further improvements as it widens its audience reach in

from page 1

EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH WAIVER OF RIGHTS KNOWN ALL MEN BY THESE PRESENTS:

from page 1

an information dissemination pact it currently sealed with the Movie Television Review and Classification Board. (MMV) This involves “free airing of NGCP safety videos in cinemas nationwide.” The company has also stepped up previous information campaign on the adverse impact of ROW violations, especially on power service delivery to end-users. But while NGCP is brandishing improvement on communications campaign into trimming down electrocution tragedies, the company still badly needs to improve on media-response game plan and lessen its stonewalling on more critical issues that oftentimes compromise public interest. Quick response to media queries is also needed on critical situations such as on the tight supply conditions in July-August and on questions relating to power plant shutdown schedules. These issues and concerns have broad social and economic implications, but the company has not been as proactive on its media and information handling strategies.

Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region BRANCH 42 Medina, Misamis Oriental -o0oHDMF (Pag-IBIG Fund) as rep. EJF FILE NO. 358-M(2016) by its Branch Manager, Mortgagee, FOR: EXTRAJUDICIAL FORECLOSURE OF REAL ESTATE MORTGAGE -versus- UNDER ACT 3135. AS AMENDED BY ACT 4118 ELYNN V. MOLINA Mortgagor. x---------------------------------------/ SHERIFF’S NOTICE OF EXTRAJUDICIAL SALE Upon extrajudicial petition for sale under Act 3135. As amended by Act 4118 filed by the HDMF (Pag-IBIG Fund) as rep. by its Branch Manager, against ELYNN V. MOLINA, mortgagor, with residence and postal address at Maanas, Medina, Misamis Oriental, to satisfy the indebtedness of the mortgagor to the former in the amount of NINE HUNDRED SEVENTY EIGHT THOUSAND EIGHT HUNDRED FIFTY ONE PESOS & 73/100 (P978,851.73), Philippine Currency, including interest due, penalties and other charges as of April 25, 2016 plus all other expenses incurred in connection with this petition and sale, the undersigned RTC-Branch 42 Sheriff’s sell at Public Auction on September 29, 2016 at 10:00 o’clock in the morning or soon thereafter at the Hall of Justice, RTC-Branch 42, Medina, Misamis Oriental to the highest bidder for cash and in the Philippine Currency, the following property with all improvements thereof, to wit: TRANSFER CERTIFICATE OF TITLE NO. 136-2014001727

This Extra-judicial Settlement of Estate with Waiver of Rights is made and entered into by and between: GERARDA A. ALABA, of legal age, widow, Filipino citizen and a resident of No. 187, Zone 2, Bayabas, Cagayan de Oro City, hereinafter referred to as the HEIR-WAIVOR; and WYNELOVE A. ALABA, of legal age, single, Filipino citizen and a resident of No. 187, Zone 2, Bayabas, Cagayan de Oro City, hereinafter referred to as the HEIR-WAIVEE. WITNESSETH: WHEREAS, the above named HEIRS are the surviving spouse and legitimate child, respectively, of the late, CARLITO M. ALABA, who died intestate on August 04, 2009 at Zone 2, Bayabas, Cagayan de Oro City, WHEREAS, the decedent at the time of his death, left a parcel of land which is more particularly Lot 5873I-2, Psd-10-005880, situated in the Barrio of Bayabas, City of Cagayan de Oro, Island of Mindanao. Containing an area of THREE HUNDRED SIXTEEN (316) SQUARE METERS, more or less. Under Notary Public ATTY. MARISSE GAY G. LICO-ABALDE. Per Doc No. 454; Page No. 91; Book No. 30; Series of 2016.

A PARCEL OF LAND (LOT 19, BLOCK 7, PCS-10-001586, BEING A PORTION OF LOTS 16-G-3-A AND LOT 16-G-3-B PSD-10-019173), SITUATED IN THE POBLACION, MUNICIPALITY OF MEDINA, PROVINCE OF MISAMIS ORIENTAL, ISLAND OF MINDANAO, BOUNDED ON THE NW, ALONG LINE 1-2 BY LOT 16-G-4, PSD-10-005419; ON THE NE., ALONG LINE 2-3 BY LOT 18; ON THE SE., ALONG LINE 3-4 BY RAOD LOT 7; ON THE SW., ALONG LINE 4-1 BY LOT 20, ALL OF THE SAME BLOCK OF THE CONS. SUBD., PLAN PCS-10001586, BEGINNING AT A POINT MARKED “1” ON PLAN BEING N., 59 DEG. 00’ W., 773.59 M. FROM BLBM. NO. 1, CAD-347, MEDINA CADASTRE THENCE; 1-2 N., 77 DEG. 04’ E., 7.60 M. TO POINT 4; 4-1 N., 12 DEG. 56’ E., 9.60 M. TO POINT 3; 3-4 S., 77 DEG. 04’W., 7.60 M. TO POINT 4; 4-1 N., 12 DEG. 56’ W., 9.60 M. TO POINT OF; BEGINNING, CONTAINING AN AREA OF SEVENTY THREE (73 SQUARE METERS MORE OR LESS. ALL POINTS REFERRED TO ARE INDICATED ON THE PLAN AND MARKED ON THE GROUND BY PS CYL CONC. MONS 15 X 40 CM. BEARINGS TRUE, DATE OF ORIGINAL SURVEY NOV. 6 – DEC. 15, 1931 AND THAT OF THE SUBDIVISION MARCH 2, TO APRIL 11, 1995 EXECUTED BY CALVIN C. FERNANDEZ., GEODETIC ENGINEER AND APPROVED ON JULY 13, 1995.

BWM: Aug.29, Sept. 5 & 12, 2016

BWM: Aug. 29, Sept. 5 & 12, 2016

In the event of failure of bidding of auction sale cannot take place for whatever reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective bidders/buyers may investigate for themselves the title and tax declaration herein above described and encumbrances thereon, if any there be.

Medina, Misamis Oriental, July 19, 2016.

(Sgd.) ALFRAN R. MABELIN RTC- Branch 42 Sheriff IV

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Whirlpool receives award as most trusted brand in the Philippines For the sixth year in a row, the Filipino consumers have spoken: Whirlpool is still their brand of choice in washing

machines. This year, Whirlpool has once again been conferred with the Ultimate Seal of Consumer Approval

as one of the Most Trusted Brands for Household Products for the Washing Machine Category in the Reader’s Digest

Asia’s Trusted Brand 2016 Awards. Launched in 1999, the Reader’s Digest Asia Trusted Brands has established a solid reputation as the premier consumerbased survey in Asia, providing an objective and reliable reference for consumers throughout the region. Achieving the Reader’s Digest Asia Trusted Brands status is a genuine recognition of consumer approval as the survey reflects consumers’ choice of their most trusted brands among the thousands available in the market. “Receiving this award just simply fills us with gratitude and pride as this recognition comes from the Filipino consumers themselves. The continued trust they have in Whirlpool validates our commitment as a brand to bring only high-quality and energy-efficient products to help make the lives of

Filipino families more convenient,” said Joy Catiis-Cruz, Marketing Manager of Whirlpool in the Philippines. Since 1911, Whirlpool has distinguished itself as a brand designed for families. Every Whirlpool product has been meticulously made with the family in mind, providing outstanding quality, unparalleled durability and advanced technology. No other appliance brand in the world has the trusted legacy that

Whirlpool has been able to achieve in over 100 years, and that trust extends not only to its washing machine products but to the rest of its product line which consists of refrigerators, freezers, microwave ovens, washers and dryers, inverter air conditioners and cooking appliances. To know more about Whirlpool, you may visit their website at www. whirlpool.com.ph or follow their official Facebook page at https://www. facebook.com/ WhirlpoolPhilippines.

Make Your Celebrations Bigger with the Samsung GIGA Fiesta Promo Now is the best time to upgrade your family’s home entertainment system as

Samsung launches the GIGA Fiesta promo. Here are the exciting deals to choose

from: · Get a free 24-inch TV and a DVD player when you buy a Samsung GIGA Sound MX-HS6500 · Get a free 32-inch Samsung Hyper TV and a DVD player for only Php 990 when you buy a Samsung GIGA Sound MX-HS7000 or MX-JS8000. This special offer is valid during the Higalaay festival from August 22 to August 31, 2016. The Samsung Giga Sound System is the perfect entertainment system for your f iesta celebrations. It produces 2,400-watts of clear, quality sound with a powerful bass. Create fun a nd memorable sing ing sessions with the Karaoke function. Liven up your pa r t y w it h f a m i ly a nd friends with the built-in DJ Beat and Lighting effects that pulse to the music’s beat. V i s i t t h e f o l l ow i n g Samsung authorized dealers in Cagayan de Oro City for more details: Imperial, Quality, and Solidmark.