Issuu

BusinessWeek M I N DA N A O CREDIBLE

Volume XII, No. 24

We strive for Excellence!

Philippine Press Institute Civic Journalism Community Press awardee for the following: 2013 Best in Business and Economic Reporting 2014 Best in Environmental Reporting 2017 Best in Business and Economic Reporting 2018 Best in Business and Economic Reporting

YOUR MINDANAO-WIDE BUSINESS PAPER

RELIABLE

www.businessweekmindanao.com

IN-DEPTH

Fri-Sat|August 6-7, 2021

P15.00

Thank you for trusting us!

Market Indicators

AS OF 6:00 PM AUGUST 5, 2021 (THURSDAY)

FOREX

PHISIX

US$1 = P 50.235

6,585.21

0.45 cents

25.15 points

Briefly

Coco trust fund FINANCE Secretary Carlos Dominguez III has said the coco levy trust fund is a “powerful instrument” that will reinvent the coconut industry and ensure support for farmers amid the continuing decline of copra prices in the global market. Dominguez said while several measures have been implemented in the past to address the impact of the steady drop in the prices of copra and coconut oil, “there is perhaps no greater reform accomplished other than the enactment of the Coco Levy Trust Fund Law this year.” Republic Act (RA) No. 11524 or the Coconut Farmers and Industry Trust Fund (CFITF) Act was signed into law by President Rodrigo Duterte in February, marking the fulfillment of his promise to return the coco levy funds to their true and rightful owners --the coconut farmers.

'Ayuda' starts Aug. 6 CAGAYAN de Oro City Mayor Oscar Moreno signed last Aug. 3 an agreement with the Department of Social Welfare and Development (DSWD)-10 for the Special Assistance to Individuals in Crisis Situation (AICS) cash aid program for families in this city affected by the Enhanced Community Quarantine (ECQ). About 300 disbursing officers of the Cagayan de Oro City Hall will be designated in various barangays here to distribute cash aid to families and persons affected by the ECQ implementation here sometime this week. Acting City Administrator Teddy Saboga-a hopes that more city employees will volunteer for the distribution. He said 300 disbursing officers are not enough and 500 are likely needed.

GO FOR GOLD. Cagayan de Oro pride Carlo Paalam (blue) outpunched Ryomei Tanaka of Japan enroute to a unanimous decision win in their semifinal encounter yesterday in the flyweight category on day thirteen of the Tokyo 2020 Olympic Games at Kokugikan Arena in Tokyo, Japan. Paalam is gunning for the gold medal on Saturday, Aug. 7. (Getty Images)

Mindanao banana farm wins bout vs infestation

BANANA FARM in Bukidnon has been successfully brought back after having been infested with Panama disease by a local team of farm experts and plant pathologists, the Mindanao Development Authority (MinDA) said.

MinDA C hair man Emmanuel F. Piñol said the group led by Lalaine AlbanoNarreto, Jose Barrosa, and soil experts from Unifrutti Tropical Philippines have succeeded in rehabilitating the Manupali Agri-Development Corp. (MADC) Cavendish

banana farm in Valencia City, Bukidnon after six years. “After a six-year field experiment (that) started in 2015, MADC was brought back to life with the banana farm area expanded from 280 to 371 hectares. While INFESTATION/PAGE 11

Paalam pummels Jap foe, guns for gold on Aug. 7 By H. MARCOS C. MORDENO MindaNews

MAR AMAG, Bu k idnon – Carlo Paalam won via unanimous decision Thursday against hometown bet Ryomei Tanaka at the Tokyo Olympics. Paalam’s victory gave the Philippines its third chance to get a gold medal in boxing. GOLD/PAGE 11

Red tide warning still up in 5 areas in Mindanao By ANTONIO L. COLINA IV, MindaNews

DAVAO City – Five coastal areas in Mindanao have remained positive for paralytic shellfish poison or toxic red tide that is beyond the regulatory limit, the Bureau of Fisheries and Aquatic Resources (BFAR) said. According to the Shellfish Bulletin No. 23 signed Monday by Eduardo B. Gongona, BFAR national director, the areas include Balite Bay in Mati City, Davao Oriental, Lianga Bay in Surigao del Sur, Dumanquillas Bay in Zamboanga del Sur

and Murcielagos Bay in Zamboanga del Norte, and Murcielagos Bay (Sapang Dalaga and Baliangao) in Misamis Occidental. Other coastal waters in the country that tested positive for toxic red tide are Milagros in Masbate, coastal waters of Dauis and Tagbilaran City in Bohol, San Pedro Bay in Western Samar, and Matarinao Bay in Eastern Samar. The agency warned that all types of shellfish and Acetes sp. or alamang gathered from WARNING/PAGE 11

RAINBOW. Rainbow appears behind Rainbow Bistro in Barangay Nagpan, Malungon, Sarangani in this undated photo. mindanews photo courtesy of rainbow bistro

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

Local

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

FRI-SAT|AUGUST 6-7, 2021

Major airport, seaport projects to boost Caraga dev't: Tugade

UTUAN City – The Department of Transportation (DOTr) on Thursday formally unveiled major airport and seaport development projects that will further boost the connectivity of the Caraga Region. In a ceremony at the Butuan Airport, Transportation Secretary Arthur Tugade said these include the asphalt overlay of the airport's runway, the improvement of the terminal interior and exterior features, and the establishment of a Malasakit Hall at the airport. Tugade also officially opened the newly-improved Cantilan Port situated in Cantilan town in Surigao del Sur. “It is the mandate of President Rodrigo Duterte for the DOTr to provide comfort and convenience to the Filipino people, especially during their travels,” Tugade said. He added that the improvements

of the Butuan Airport and the Port of Cantilan will also provide equitable and inclusive growth in Caraga Region. The asphalt overlay of the runway of Butuan Airport had a total cost of PHP91.2 million while the improvement of the terminal interior and exterior features of the airport cost PHP2.5 million. The Malasakit Hall, situated at the compound of Butuan Airport, will serve as a transient spot for travelers. The PHP7-million Malasakit Hall has a clinic, a childcare room, lounge, prayer room, washroom, and concession space for passenger convenience. Meanwhile, the expansion of the Cantilan Port includes the construction of a reinforced concrete wharf and the construction of a backup area. The improvement of the seaport has a total cost of PHP198.4 million. The opening of the newly completed

projects on Thursday was also attended by Capt. Jim C. Sydiongco, DirectorGeneral of the Civil Aviation Authority of the Philippines and Philippine Ports Authority General Manager Jay Santiago. Land Transportation Office

Regional Director Nordy Plaza, Butuan City Administrator Reynaldo Desiata, and Land Transportation Franchising and Regulatory Board-Caraga OICdirector Maria Kristina Cassion also welcomed Tugade during the ceremony. (PNA)

NEDA-10 Regional Director Mylah Faye Aurora B. Cariño receives the recognition from Bangko Sentral ng Pilipinas as NEDA-10 is named as one of the 2021 Outstanding Stakeholders, July 30. (NEDA-10)

BALINGASAG, MISAMIS ORIENTAL National Highway Balingasag, Barangay 4, Balingasag, Misamis Oriental Mobile Number/s: 0933-823-3161, 0933-823-3304 Tel. Number: 333-5161 CAGAYAN DE ORO P&J Lim Building, Tiano Kalambagohan St., Barangay 14, Cagayan de Oro City, Misamis Oriental Tel No. (08822) 727-829 / 231-6629 Telefax No. (088) 856-1947 Mobile No. 0933-823-3303 / 0943-708-7065 CAGAYAN DE ORO WAREHOUSE Warehouse 7, Bonbon Road, Kauswagan, Cagayan de Oro City, Misamis Oriental Mobile No. 0917-825-4149 / 0943-708-7065 CARMEN, CAGAYAN DE ORO Vamenta Blvd., fronting CEPALCO, Carmen, Cagayan de Oro City, Misamis Oriental Tel. No. (088) 233-2011 Mobile No. 0933-823-3159 CORRALES, CDO Corrales Ave., Barangay 29, Cagayan de Oro City, Misamis Oriental Telefax No. (088) 231-2055

DIVISORIA, CDO A. Velez St., Barangay 9, Cagayan de Oro City, Misamis Oriental Telefax No. (088) 856-1947 Mobile No. 0917-841-4000 / 0933-823-3164 GINGOOG CITY G/F Wyne Militante Bldg., Lugod St., Barangay 22, Gingoog City, Misamis Oriental Telefax No. (088) 861-0104 Mobile No. 0933-823-3168 LAPASAN, CDO National Highway (FICCO Bldg.), Lapasan, Cagayan de Oro City, Misamis Oriental Tel. No. (088) 231-6739 Mobile No. 0933-823-3160 PUERTO, CDO Purok 6, Puerto, Cagayan de Oro City, Misamis Oriental Tel. No. (088) 859-0574 Mobile No. 0943-708-7537 CAMIGUIN B. Aranas St., Poblacion, Mambajao, Camiguin Telefax No. (088) 387-0491 Mobile No. 0943-708-7539

NEDA-10 named among 2021 outstanding BSP stakeholder

THE National Economic and Development Authority (NEDA)-10 received recognition as one of the 2021 Outstanding Stakeholders of the Bangko Sentral ng Pilipinas (BSP) in a virtual ceremony, July

30. “Our theme, Pagpupugay at Pagkilala sa Gitna ng Hamon ng Pandemya sums up what we are about to do; give due recognition to you, our partners, who have gone beyond the call of duty in the name of service at the height of the global health crisis,” opened BSP Governor Benjamin E. Diokno. NEDA-10 Regional Director Mylah Faye Aurora B. Cariño, received the award on behalf of the agency, alongside ten other stakeholders in northern Mindanao. This is the 9th consecutive year that the NEDA-10 has been awarded with the said accolade. The Outstanding BSP Stakeholders Appreciation Ceremony is an annual event that honors public and private sector partners that have contributed to the achievement of the authority’s mandate. (NEDA-10/PIA-10)

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

FRI-SAT|AUGUST 6-7, 2021

Opinion

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. 463-826-272-000 – VAT. Reg., and with Business Permit No. 2020-04015. Tel. Nos.: (088)856-3344, (088) 810-100, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com

BUSINESSWEEK MINDANAO CORPORATION Publisher DANTE M. SUDARIA President/CEO ALLAN MARIO MEDIANTE Vice President for Corporate Affairs RUFINO T. MAGBANUA Vice President for Business Development VICENTE C. DELA VICTORIA Vice President for Operations JOE FELICILDA Vice President for Administration JOE PALABAO Vice President for Marketing ROSE MARY D. SUDARIA, PhD Vice President for Finance MIKE BAÑOS Vice President for Digital

NELSON CONSTANTINO Editor-in-Chief

MIKE BAÑOS

JUN AYENSA

Motoring Editor

Regional Editor - Caraga

MIKE BAÑOS Contributing Editors

ATTY. ANTONIO S. SORIANO

JOE PALABAO

Feature Editor

2f, ICS Building Tel.No.: 881-0176 Tiano cor. Montalvan sts. Legal Counsel

I think so almost every day. Every day, when I wake up in the morning. Yes, what a miracle, we are still alive although the negative news is pouring down on us like the unexpected hailstorm somewhere in the desert. Hu r r ay, we are st i l l alive! In the ears of many, those struggling with illness, death, business failure, natural disasters, and personal financial ruin have to fight, a not a very encouraging exclamation. Yes, I can feel it. How strong are we? How much anxiety, how much pressure can you and I bear? What did we not have to overcome? After low tight comes high tide. What the future might bring us? Human-powered wearables? Airports for

MINDFUL

Juni Law Office Cruz Taal St., CDO Legal Counsel

RIVA FELICILDA Advertising

MANILA OFFICE: 9th Floor, Unit 918, CityLand Herrera VA Rufino Cor. Valero St., Salcedo Village, Makati City Tel. # : 5555392,Cell Nos.: 0955-366-5968 | 0918-527-5898 CECILIA FRESNIDO-HONRADE - New Marketing Manager

DAVAO MARKETING OFFICE Door 223, Doña Segunda Bldg., CM Recto Ave., Davao City Telephone #: (082) 298-8815 Regional Mktg Manager-JOE PALABAO- 0926-8430152 Circulation-JOHN PAUL AQUINO, 0907-331-5640 OSCAR LEDESMA Bureau Chief, Bukidnon Contact No.: 0916-910-0019

Member: Philippine Press Institute Oro Chamber

Grace to change Thin k a minute… The statesman and financer Cecil Rhodes who started his world-famous Rhodes Scholarships was also known for being a fine dresser. He once invited a young man to his home for dinner. This guest traveled far by train, so he arrived just in time to go directly to Rhodes’ home in his wrinkled, travel-stained clothes. When he got there, he was embarrassed to see all the other guests wearing their finest evening clothes. But the host, Rhodes, was nowhere to be seen. A few moments later Rhodes returned wearing a shabby old blue suit. The young man later learned that his host, the distinguished Mr. Rhodes, had been dressed in a formal evening tuxedo. But when he heard of his guest’s embarrassment, he slipped away to change into an old suit. Grace is doing whatever it takes to make a person feel accepted. A passenger on a train was in the dining car looking over the lunch menu. The list included both a chicken sandwich and a chicken salad sandwich. He decided to get

THINK A MINUTE

drones and flying taxis? Smart sutures that detect infections? S elf-healing ‘living concrete'? Crowdsourced antibiotics? Selfdriving trucks? Floating farms? Every day, people around the world come up with new ways to make the future brighter. A list of some of the most exciting advances in future technology that wi l l change our world. Somehow it scares me. And you my dear reader? Also this: The world population is expected to reach 8.5 billion people by 2030. India will overtake China as the most populated country on Earth. Nigeria will overtake the US as the third most populous country in the world. The fastestgrowing demographic will

be the elderly: 65+ people will hit one billion by 2030. B ernard Marr is a world-renowned futurist, inf luencer and thought l e a d e r i n t he f i el ds of business and technology, with a passion for using technology for the good of humanity. Among other things, he provides that as the ripple of COVID-19 careens around the globe, it’s forcing humankind to innovate and change the way we work and live. The upside of where we find ourselves right now is that individuals and corporations will be more resilient in a post-COVID-19 world. We have to deal with more contactless interfaces and interactions, strengthened digital infrastructure, telemedicine, more digital

HAVE MY SAY

KLAUS DORING events - just to mention some. Yes, we are still alive now. Let's see what the future will bring. +++ Email: dor ingklaus@ gmail.com or follow me on Facebook, Linkedin or Twitter or visit www.germanexpatinthephilippines.blogspot. com or www.klausdoringsclassicalmusic.blogspot.com.

A leader’s challenge: M.E. in the new world

Cell No: 09352379999

Layout Artist

FRI-SAT|AUGUST 6-7, 2021

HURRAY, WE ARE STILL ALIVE!

ATTY. MARIO T. JUNI

CLIFFORD SANTILLAN

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

JAY LEDESMA THE world is changing. And it's changing fast. The current pandemic has changed our world in a manner and speed that we have not seen and experienced before. The world we know 12 months ago is no longer the world we now have. In order to survive and thrive in what is now called the new normal, we are forced to adjust, adapt, and adopt. Otherwise, we make ourselves irrelevant and non-existent. This cannot be more true in the case of today’s leaders. Leadership per se is already challenging and demanding. But the pandemic and the disruptions it has brought

along made a leader’s job a much tougher act. For the leaders of today, the new world demands that they are Malleable enough to help their teams navigate through these volatile and uncertain times while upholding the highest standard of excellence in their field. They do not only have to adjust and adapt to the changes but they are expected to continuously explore and introduce new and better ways of doing things. They are in a constant challenge to help their team members not only survive in the now but thrive in the future. For some, this is just an enhancement of what they were doing pre-pandemic but for most, it requires a complete transformation. Insurance agency leaders are not excused from this reality. In an industry where face-to-face interaction has always been the norm, a sudden and total shift to digital selling was no easy feat. From selling, client servicing to recruitment and team management, almost

everything is now done on the virtual platform. Amidst this backdrop, insurance agency leaders, some of whom are technology-challenged themselves, have to be at the forefront, leading their teams towards this major digital transformation. They had to conquer their own fears and insecurities. Those who shied away from the digital platforms in the past, are now in front of their computers and other gadgets attending webinars or doing zoom meetings. Technology became their primary means to connect with their people and run their operations during the quarantines and lockdowns. Now, more than ever, insurance leaders have to retool, upskill and reinvent, not only themselves but every member of their teams, in order to serve the changing demands of their team members and clients. The recently held 26th GAMA (General Agents and Managers Association) Phils. convention could have not

chosen a more fitting theme to reflect the above reality. According to GAMA Phils President Susan Lee, ”We chose the theme, 'M.E. in the New World' where M stands for Malleability and E for Excellent, to emphasize the need for agency leaders to always exhibit their winning agility and adaptability to respond, with the highest st and ard of e xcel le nce and professionalism, to an evolving market’s everchanging needs. New leaders from different generations need to be continuously molded to be the next stewards steering the industry to succeed in the face of unprecedented challenges. Most importantly, to assure the safety and security of every Filipino family, after we emerge from this so-called new normal." As big gatherings are still not allowed under the General Community Quarantine, this year’s GAMA convention had to be done again thru the virtual platform. Staging CHALLENGE/PAGE 9

Christian suffering and death JHAN TIAFAU HURST the chicken salad sandwich, but mistakenly wrote chicken sandwich on the order slip. When the waiter brought the chicken sandwich, the customer became angry. Instead of showing the customer his order slip that proved he was the one who made the mistake, the waiter kindly returned the chicken sandwich and brought the customer a chicken salad sandwich. L ate r, t h e c u s tom e r picked up his order slip and saw that he had been wrong, not the waiter. He apologized and offered to pay for both sandwiches. But the waiter said nicely: “It’s no problem, sir. I’m CHANGE/PAGE 11

It’s very interesting to note that after Christ was rightly identified by Peter to be the son of the living God, and after Christ made Peter the rock on which the invincible Church would be founded, Christ proceeded to talk about his impending passion and death on the cross. (cfr. Mt 16,13-23) That, of course, astounded the disciples so much that Peter went to the extent of saying, “God forbid, Lord! No such thing shall ever happen to you.” For which, Peter received a sharp rebuke from Christ who also went to the extent of saying, “Get behind me, Satan! You are an obstacle to me. You are thinking not as God does, but as human beings do.” This gospel episode, of course, tells us that if we truly follow Christ, then like him, we should not only expect suffering and death

but also welcome them. That’s because in the first place we cannot avoid suffering and death in this life, no matter how much we try. But more importantly, if we have the same attitude Christ had toward his suffering and death, we know that our own would have a positive and redemptive value. This is what Christian suffering and death is all about. It is a consequence of all our sins but is now converted into a means of our salvation, that is, if we suffer and die with Christ. We need to understand well this basic truth of our faith so that we can avoid suffering unduly or suffering more than we ought. In other words, this truth of our faith enables us to suffer and die properly. We all need to be reminded that all our suffering has a positive and favorable aspect.

It’s not all entirely bad and negative, though in itself it will always be bad. But if viewed and lived through our Christian faith, that is, with Christ, there is something in it that can give us a greater good. Our pains and suffering are always the result of sin, ours and those of the others. They are the necessary consequence of our separation, whether temporary or permanent, from God from whom all good things come. (cfr. Ps 16,2; James 1,17) We may not be the direct cause of our own suffering, but in this world, we cannot escape the effects of sin, and so we must be ready for them just the same. We h ave to re m i n d ourselves that we are not meant to suffer. Our original as well as our ideal definitive state in heaven excludes suffering. Our first parents,

HINTS AND TRACES

ROY CIMAGALA Adam and Eve, were in the state of original justice, where everything was in order and in harmony. No pain and suffering touched them, until they fell into sin. And as the B ook of Revelation would put it, in our definitive state of life in heaven “He ( God) will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.” CHRISTIAN/PAGE 11

CorporateWorld 5 Demand for residential Aboitiz allots P190B to property seen to recover in 2022 ramp up RE portfolio Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

FRI-SAT|AUGUST 6-7, 2021

A LEADING diversified professional services and investment management firm forecasted that the demand for the residential property in Metro Manila will recover next year. “Colliers expects a recovery in residential demand in 2022 on the back of rebound in office leasing, macroeconomic recovery, sustained remittances from Filipinos working abroad, competitive mortgage rates, and pick-up in business and consumer sentiment,” Collier said in

a statement Thursday. Based on its secondquarter report, Colliers said the completion of residential projects in Metro Manila this year is expected to support the rebound of the market until 2022. In its report, outlook for completed condominium projects is expected to grow by 200 percent from 3,370 condominium units delivered last year. Colliers added that the Bay Area has surpassed DEMAND/PAGE 11

BOITIZ Power Corp. is looking at spending P190 billion to build 3,700 megawatts (MW) of new renewable projects (RE) in the next decade, the listed holdings firm said on Tuesday. The investment will scale up the company’s “Cleanergy” portfolio, which is expected to make up a bigger share or 50% of its power generation portfolio by 2030.

Cleanergy is the firm’s brand of clean and renewable power. By the end of 2020, its Cleanergy brand had a share of 21%, while its thermal capacity accounted for 79% of its portfolio. The company hopes to reach a 50-50 Cleanergy and thermal capacity mix by 2030. AboitizPower hopes to reach a total attributable net sellable capacity target of 9,200 MW in the next

BOI, PEZA okay P5.2-T investments in past 5yrs INVESTMENT approvals in investment promotion agencies (IPAs) under the Department of Trade and Industry (DTI) have increased from 2016, indicating the improving investment environment in the country in the past five years. Data from DTI showed that combined approved investments of the Board

of Investments (BOI) and the Philippine Economic Zone Authority (PEZA) reached P5.2 trillion from 2016 until June 2021. The BOI had the lion’s share in these approvals amounting to P4.33 trillion, while PEZAapproved investment registrations reached P841 billion since 2016. When the Duterte

administration began in 2016, investment approvals of BOI and PEZA amounted to P660 billion. Approved investments in the IPAs rose to P854 billion in 2017, reached the P1-trillion mark in 2018, and further grew to P1.26 trillion in 2019. In 2019, the BOI reached its historic high investment approvals at

AVIANA DEVELOPMENT CORPORATION The onslaught of Covid-19 led to unprecedented crises worldwide. Apart from the loss of lives and healthcare challenges, economic and social disruption directly impacted all industries and enterprises. It is in this light that St Luke’s Medical Center (SLMC) needed to focus its priorities toward sustaining its current operations and continuing to serve its stakeholders. As a result, it has decided to discontinue its plan to expand and construct a hospital in Azuela Cove, a mixed-use development by Aviana Development Corporation in Davao City. A viana Development Corporation is a joint venture company of Ayala Land, Inc. and the Alcantara Group. Fully cognizant of the circumstances, it understands and respects SLMC’s decision and expresses its sincere support and well wishes. Aviana Development Corporation shall continue to engage institutional locators to complete the mixed-use living experience of Azuela Cove as a distinctive, master planned seaside community in Davao City.

PHP1.14 trillion. Despite the global health and economic crisis last year due to coronavirus disease 2019 (Covid-19), investment approvals of the DTIattached IPAs remained at the P1-trillion level. Approved registrations in 2020 still reached P1.11 trillion amid the OKAY/PAGE 11

10 years, half of which or 4,600 MW will come from various RE sources. “[The firm] needs to build around 3,700 MW of additional RE capacity to meet its 4,600-MW goal,” it told the local bourse in a regulatory filing. At present, solar accounts for majority or 60% of the company’s pipeline projects which are all still in the development stage. “We are committed

to seeing through our 10-year strategy and this is only the beginning. There will be more beyond this pipeline in order for us to reach our target,” AboitizPower President and Chief Executive Officer Emmanuel V. Rubio said. He explained that the company wants to help the government achieve its target of ramping up the share of renewables in the ABOITIZ/PAGE 11

PH, Singapore record growth in manufacturing index in July THE Philippines and Singapore are the only countries in Asean that recorded improvement in manufacturing index for July 2021, the IHS Markit Manufacturing Purchasing Managers’ Index (PMI) reported Monday. Due to the resurgence of coronavirus disease 2019 (Covid-19) in the region, the manufacturing score of Asean fell to its 13-month low to 44.6.

PMI measures the health of the manufacturing sector, with scores above 50 reflecting improvement, while below the neutral score means deterioration. Of the seven Asean countries monitored by IHS Markit, Singapore recorded the biggest improvement of 56.3. The Philippines’ manufacturing score last GROWTH/PAGE 11

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

FRI-SAT|AUGUST 6-7, 2021

iPeople Schools encourage youth to register and vote through “E-Leksyon” campaign

HE Commission on Elections (COMELEC) is expecting around 60 million voters this coming 2022 national elections. While the COMELEC already exceeded the target of newly registered voters at about 5.3 million, the real challenge is having the same number of people go to precincts on May 9, 2022, to vote. With only a 75% voter turnout during the 2019 mid-term elections, and 84% in 2016 presidential elections, plus the immobilizing effects of the pandemic, it has been increasingly important for the public and the government to work together to encourage the entire voting population to go to the polls come election day. With the mission to provide quality education to all segments and to help solve problems of industry and society, the iPeople schools have been producing civicminded industry leaders with passion for nationbuilding as one of their goals. This has inspired the educational group to create the necessary awareness among the youth and to launch its voter education campaign “E-Leksyon:

Boto Ko, Bukas Ko.” This non-partisan advocacy was launched simultaneously on social media by Mapúa University, Malayan Colleges Laguna, Malayan Colleges Mindanao, Malayan High School of Science, University of Nueva Caceres, National Teachers College, and the APEC Schools. Done in partnership with COMELEC, the iPeople Schools’ nationwide campaign aims to educate students and their respective communities on the importance of voter registration, responsible voting, and more importantly, the exercise of their right of suffrage. “Elections are a very important, if not the most important, element of a democracy. It is the duty of every Filipino and every member of our organization to participate in the electoral process. The act of voting itself, the safeguarding of the sanctity of votes, and the higher percentage of Filipinos who exercise their right to vote will lead to a more representative and confident government,” said Mapúa University and iPeople president and chief executive officer Dr. Reynaldo B. Vea.

“The greater the credibility of the process, the more legitimate and stable becomes the incoming administration. We all win,” he added. COMELEC Commissioner Socorro B. Inting seconded this and put due emphasis on the act of voting itself. “Voter registration is the first step toward realizing our collective goal of lasting change and genuine reform. Only by complying with it are we allowed to vote for the next leaders who will govern our nation. I wish to emphasize that your responsibility as new registrants must not end with registration. You also have to show up on election day and vote,” said Commissioner Inting. To encourage iPeople’s 60,000-strong student body, the student leaders from various organizations and administration representatives released a Manifesto signifying their intent to become responsible voters during the campaign’s online launch. This was followed by video messages from youth student ambassadors from each school. The eight-monthlong “E-Leksyon: Boto Ko, Bukas Ko” voter registration and

awareness drive will host an online forum each month leading to the 2022 elections. It will also roll out a voter education module, voter education video, social media campaign, and a series of contests to engage the youth. “This is a massively important project. This is a way of making sure that every single Filipino, every single youth in your schools is aware of what it exactly means to be a registered voter. Remember, the elections are something that we are all responsible for,” said COMELEC Director of Education and Information Department James Jimenez. To learn more about the iPeople Schools’ “E-Leksyon: Boto Ko, Bukas Ko” advocacy, visit https://www. facebook.com/ELeksyon. BotoKoBukasKo.

Skills of a disbursing officer When it comes to the most important skills required to be a disbursing officer, it was found out that a lot of resumes listed 18.2 percent of disbursing officers included financial management while 16.5 percent of resumes included procedures and 10.5 percent of resumes included payroll. Hard skills like these are helpful to have when it

comes to performing essential job responsibilities. If you’re interested in b e c om i ng a d is bu rs i ng officer, one of the first things to consider is how much education you need. Research has found out that 57.3 percent of disbursing officers have a bachelor’s degree. In terms of higher education levels, 11.1 percent of disbursing officer

have masters degrees. Choosing the right major is always an important step when researching how to become a disbursing officer. You may find that experience in other jobs will help you become a disbursing officer. In fact, many disbursing officer jobs require experience in a role such as customer service representative.

Role of ICT in education in the new normal By SHEENA RHEA AGUILAR ATAY Teacher I Misamis Occidental National High School Oroquieta City

FOR hundreds of years, students’ learning activities were limited to classrooms, following the passive, teacher-centric model. However, the rise in digital transformation has brought a new alternative in the form of hybrid learning. T h e su d d e n an d w i d e spre a d disruption caused by the COVID-19 pandemic has forced educators to evolve their approach to ensure learning continuity for all students and hybrid learning continues to be at the core of this evolution. Hybrid learning is a new educational model that involves some students attending class in p ers on w hile simultaneously others join virtually

from other locations whether that’s home, a dormitory or a café with Internet access. While the concepts of blended and e-learning have been around for some time, hybrid learning marks the next step. Not only does it offer digital, interactive and engaged teaching in the classroom, it also ensures the same learning experience for students attending remotely. After-class learning is just as important as the 45-minute lesson. Thanks to our advanced technologies, students are now able to continue their study after school doing exercises, completing assignments or even taking online tests set by the teacher. Artificial

By CORAZON B. DUHAYLUNGSOD, EdD Principal I Tambo Central School

THE Philippine education sector which suffered when the COVID-19 pandemic halted face to face classes will have much to gain by training teachers to optimize technology to deliver remote teaching and learning. I f y o u w a nt t o b e successful in delivering teaching and learning in a remote situation, you’ve got to put osme time into training or retraining your teachers and your faculty to be able to really optimize the technology that you’re using to deliver it. We might not feel its immediate impact now but we stand to suffer long term ramifications if teachers are not trained more. Students in the countr y struggle with staying focused and

motivated to learn amidst the pandemic as well as finding a quiet and comfortable place to study, problems which technology can help ease. Teachers don’t know how the 50 students in their video classes that are sitting on the other end of the conferencing tool are able to absorb. It’s important to understand when you simply move from face to face to trying to replicate that using a collaboration tool – tools that can enhance and develop a teacher’s style such as personalized lessons. It must also define what’s happening at an individual student level to help the te a che r d e te r m i ne t he right path and activities for everyone in the class to be engaged.

COVID-19: its impact on mental health of students and teachers By NIKKI HONEYBEE A. GODINEZ Teacher III Misamis Occidental National High School

By VIRGINIA A. CALUNIA Disbursing Officer II Ozamiz City National High School

THERE are certain skills that many disbursing officers have in order to accomplish their responsibilities. By taking a look through resumes, we were able to narrow down the most common skills for a person in this position. We discovered that a lot of resumes listed initiative, interpersonal skills and detailoriented.

Education amidst pandemic

intelligence is set to analyze statistics generated from the learning process. Analytic reports can be produced for class performance and also to track the progress in knowledge for individual students. This helps teachers to evaluate outcomes and improve their teaching methodology accordingly. And since the system can pinpoint weak points in each student’s knowledge, nudge technology can be used to disseminate different content to different students, putting adaptive learning into practice. Another essential element of hybrid learning is having a highly reliable Cloud service in place that can support large numbers of concurrent users particularly at peak times.

ST U DE N T S w h o we re affected with the stop of face to face classes due to COVID-19 are at greater risk of depression, anxiety and a deterioration in well-being, a new research study shows. Disrupted sleep, school closures, social isolation and financial hardship have changed the lives of youth in 2020 and 2021. The result has been increased anxiety, depression and stress for youth. To compensate for these, balance academic learning opportunities with social, emotional and behavioral support. Overemphasizing loss of learning and the need to catch up to students can increase stress and anxiety. Consider schoolwide mental health screenings (albeit online) to understand s tu d e nt s’ n e e d s a n d determine who needs crisis intervention support such as students who have lost someone to COVID-19, those experiencing food and financial insecurity or those with a history of trauma and chronic stress. Focus on rebuilding relationships with peers and teachers. These can be done even in e-learning

Z oom sessions. S chool connectedness can help students fe el s afe and supported. Peer networks and creating time and space for students to rebuild lost relationships and social opportunity can provide support. P rom ot e an d bu i l d resilience. Providing opportunities for efficacy and self-control, developing a sense of belonging and encouraging a sense of cultural and historical roots can build resilience and help students adapt to adversity and stress. We know that DepEd is quite liberal in adjusting the curricula per school in this COVID-19 era. Incorporate social and emotional learning into curricula by building classrooms that focus on social and emotional skill building, implementing culturally responsive policies, supporting staff well-being and building mental health literacy for school staff. And lastly, I would suggest that DepEd establish community partnerships with mental health providers which can remove students’ barriers to accessing mental health care.

7 BSP guards vs. risks to inflation as pandemic lingers T Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

FRI-SAT|AUGUST 6-7, 2021

HE Bangko Sentral ng Pilipinas (BSP) will remain on guard against challenges posed by the coronavirus pandemic to keep the country’s inflation rate within the target band. In a Viber message to journalists on Thursday, BSP Governor Benjamin Diokno said the increases in commodity prices in the international market due to supply-chain factors and the recovery in global demand

Banking&Finance

are upside risks to domestic inflation. But these risks are expected to be countered by the emergence of new coronavirus disease 2019 (Covid-19) variants and delays in easing lockdown measures, he said. “The BSP remains watchful over the evolving economic conditions and challenges brought about by the pandemic to ensure that the monetary policy stance remains consistent with its price and

financial stability objectives,” he added. The country’s inflation rate decelerated further to 4 percent in July from the previous month’s 4.1 percent. Last month’s figure brings the seven-month average to 4.4 percent, which is still above the government’s 2 percent to 4-percent target band. Diokno said last month’s inflation rate is within the central bank’s 3.9 percent to 4.7 percent forecast range.

Lenders vow to support MSMEs to boost recovery BANKING GROUPS on Tuesday vowed to lend more to small businesses struggling amid a coronavirus pandemic. “The Bankers Association of the Philippines (BAP), together with its members will continue to assist micro-, small- and medium-sized enterprises (MSMEs) with their financing needs — whether through cash management services for their operations or loans that are needed for their expansion,” President Jose Arnulfo A. Veloso told an online forum. These enterprises make up 99% of about a million business establishments in the country, based on 2018 data from the Department of Trade and Industry. They also generated 63.19% or 5.7 million jobs that year. But these small businesses are among the most vulnerable amid coronavirus lockdowns that forced some of them to shut down. “We realize the need to offer more MSMEfriendly restructuring packages that allow borrowers to allocate more funds that enable

them to overcome the financial drawbacks of the lockdown,” Chamber of Thrift Banks President Cecilio D. San Pedro said at the same forum. Aside from lending to small businesses, microfinance institutions provided support during the pandemic through cash grants to poor households, access to markets and technology, and online training for businesses as they adapt to the so-called new normal, said Allan Robert I. Sicat, executive director of Microfinance of the Philippines, Inc. “Soon, the country›s economy will be able to bounce back with the help and cooperation not only of financial institutions, but of all stakeholders, bearing in mind one goal of recovering as one,” he added. MSMEs had to fine-tune their business models amid lockdowns. Many of them had to close shop in areas under a strict quarantine. Small companies should go digital to SUPPORT/PAGE 11

He said this is in line with monetary authorities’ projection that inflation will remain near the upper-end of the target band until the third quarter, and slow further to within-target range before the end of the year “as the impact of government supply side measures take effect.” He said inflation is expected to stay at the midpoint of the target band from 2022 to 2023. “The continued implementation of direct non-

monetary interventions to ease supply constraints remain crucial in tempering inflation pressures,” he added. Diokno said the latest inflation report and the second-quarter gross domestic product report, which the Philippine Statistics Authority is scheduled to release on Aug. 10, will be among the factors that will be assessed by the central bank’s policy-making Monetary Board during its rate setting meet on Aug. 12. (PNA)

BPI looking to launch new apps, boost sustainable financing efforts BANK OF THE Philippine Islands (BPI) will launch new apps as it continues to digitize and will likewise sustain its pivot towards sustainable financing, aiming to exit coal financing by as early as 2033. BPI President and Chief Executive Officer Jose Teodoro K. Limcaoco said the bank is currently developing apps to complement branch transactions amid a shift in consumer behavior due to the pandemic, even as he said the worst is likely over for the lender, assuming the Delta variant’s impact will be manageable. Mr. Limcaoco noted that BPI’s branch transactions have dropped by around 30-70% as many clients have become more comfortable going online for their banking needs. “We are redesigning our

branches to transform them from being places for chores, such as withdrawals or deposits, to more avenues of the more high-value interactions that will satisfy our customers’ more complex financial needs, such as investments, planning, and the like,” Mr. Limcaoco said in a Monday briefing to celebrate the bank’s 170th anniversary. BPI is set to launch two apps this year: a platform for micro-, small-, and medium-sized enterprises (MSME) and one where clients can redeem loyalty rewards, he said. The MSME app will let small businesses perform digital banking services as well as nonbank solutions to help in their operations as they transition to online selling. Mr. Limcaoco said app users will be APPS/PAGE 9

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

FRI-SAT|AUGUST 6-7, 2021

Shopee Mall Brands Ramp Up Efforts to Maintain Steady Growth at the 8.8 Mega Flash Sale DIRECTORY

A PUBLIC SERVICE BY:

This coming 8.8, brands are offering special deals and big discounts for shoppers, along with free shipping with P0 minimum spend and P8 peso deals

MANILA - With the surge of online shoppers driving the need for digital evolution, brands are continuing to adapt to cater to the rapidly changing behavior of the Filipino consumer, with support from Shopee, the leading e-commerce platform in Southeast Asia and Taiwan. With the upcoming Shopee 8.8 Mega Flash Sale, brands such as OPPO, ColgatePalmolive, and Nestlé share how they maximize their strengths to establish themselves as a prime player in the e-commerce landscape and how this gives them the opportunity to give their customers value for money deals and provide them with a more engaging online experience. Leveled-up customer engagement for OPPO As a leading global smart device company, OPPO sees its partnership with Shopee as a great avenue to connect and virtually interact with its customers. Through inapp features like Shopee Live and Shopee Feed, they get to explain their products in real-time and

get to answer questions sent via the comments section. This unique interaction between brand and buyer is a way to build customer loyalty, especially now that people are shopping online for their needs. Sam Li, E-Commerce Manager at OPPO Philippines, said, “Shopee has provided us with really good support to engage with our customers. Shopee also helped us gain traction in our store with the help of Shopee Ads and Top Picks. Through marketing campaigns and engagement tools, we were

able to grow our brand and reach more people with our products.” Growth opportunities for Colgate-Palmolive Philippines Over the last two years, Colgate-Palmolive Philippines has been pushing its business expansion in the digital space exponentially. Colgate-Palmolive Philippines’ Official Store on Shopee Mall grew strongly from 2019 to 2020 and is expecting to sustain its momentum through 2021, led by Tender Care, Palmolive, Colgate, Ajax, and Irish

Spring. The Colgate brand also recorded a notable 7x uplift in orders during its first Shopee Super Brand Day with a campaign that focused on celebrating individuality and bold self-expression. This 8.8, Colgate-Palmolive Philippines is excited to maximize the Flash Sale feature as it allows them to introduce their products to new customers and get shoppers excited about the brand’s promos. Erica Sangoyo, eCommerce Team Leader at Colgate-Palmolive Philippines, said, “Shopee has been a collaborative partner to the ColgatePalmolive team. Over the years, we have worked closely together to bring to life our brand experience in the digital space and make our products accessible to all our consumers. We will continue to work together to ensure that our shoppers stay engaged and excited about our upcoming campaigns.” Evolving consumer experience for Nestlé To cater to the evolving consumer landscape, Nestlé consistently utilizes Shopee’s onsite solutions that work best with the brands under them. Nestlé launched the International Coffee Day Campaign in 2019 but expanded it to incorporate it with its Nescafe CSR initiatives last 2020. They saw significant growth during the campaign and it was also a great way for them to build brand equity with Shopee’s millennial customer base. Ariana Henares, E-Commerce Manager at Nestlé Philippines, said, “Shopee is a valued partner of Nestlé in supporting our brand initiatives and growing our e-commerce footprint. We consistently work with Shopee on activities to increase our brand’s online sales and delight our consumers. We are looking forward to continuing working together with Shopee to be able to deliver a great user SHOPEE/PAGE 11

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

FRI-SAT|AUGUST 6-7, 2021

Challenge... from page 4

this all-virtual convention tested the resourcefulness, agility, and creativeness of the organizing committees, which had to deal with 21 speakers, 8 of whom are from other countries. “It was a great challenge coordinating with some of our speakers given the different time zones we had to deal with, but it’s all worth it. We have a roster of acclaimed authorities whose expert opinions and rich perspectives opened our minds”, says Pauline Uchi, GAMA Convention chair. T h i s y e a r ’s G A M A convention with around 17,000 attendees, was offered for free for both members and non-members leaders from the Philippines and from at least 9 international GAMA chapters. As Pres. Susan explained, “This is the 2nd year that we have offered the convention for free. We wanted to be able to reach out and help as many leaders as we can, especially during this challenging time, by equipping them with better leadership knowledge and skills. We want our agency leaders to know that they are not alone in this pandemic and that GAMA Phils will always be a partner in their professional and personal growth." Despite the challenges of 2020, the Philippine insurance industry performed well and posted growth in premium income. In his message, IC Commissioner Dennis Funa congratulated the membership for the 5.9% growth registered by the industry last year, amidst the lockdowns and quarantines. He lauded the group for its resiliency in the face of the different digital technology innovations that had to be introduced such as remote digital selling, online licensing exams, etc. Changes had to be done quickly and he was very happy that the leaders and the advisors were quick to adjust and adapt too. Moving forward, Comm. Funa sees stronger coordination and alliance with GAMA Phils in advancing the welfare of the industry leaders. Taking off from last year’s performance, the Commissioner maintains a positive outlook for the industr y this 2021 and acknowledges the vital role that leaders play in the continued growth of the industry. Following this year’s

t heme, t he convent i on topics were divided into M and E: M for Malleable sessions featured topics which were all aimed at helping the attendees learn more about mental conditioning and mental toughness and how these can help them and their team members find their ways through the complex and ambiguous environment we now have. As mental health impacts our thoughts, emotions, and behaviors towards the changes happening around us, it is crucial that enough attention should be given to this important topic. One message resonated from all the speakers: Only by having the proper frame of mind can we view and respond to all the changes and challenges of the new world, in a more responsible, mature, and logical manner. A leader who has the right mindset Is in a better position to bring his people to greater heights. On the other hand, the E for Excellent sessions talked about the different leadership fundamentals, principles, and disciplines that leaders must possess and exhibit and how these have evolved and changed considering the givens of the new normal. The speakers also stressed that while leaders continue to make and adapt to changes, their eyes should remain focused on maintaining and delivering the highest form of excellence. With or without pandemic, leaders must be in constant pursuit of excellence. Pandemic is no excuse to take shortcuts and compromise one’s standards. The speakers reminded the Leaders to always challenge and ask themselves: Are we already doing the best? Or is there still a better way to do things? When there’s excellence, success cannot be far behind. A l l t he 21 sp e a kers delivered more than what’s expected from them. Their powerful presentation and sharing gave the attendees so many takeaways to digest and act on. As Convention Chair Pauline said, "all the sacrifices we made to bring this convention together was all worth it." Great job GAMA Phils for doing this convention and for reminding our leaders that in order to be relevant, thrive, and succeed in this new world, we need to be malleable while we pursue excellence. As PLIA President Benedict Aquino said at the

end of his keynote speech, “Malleability and excellence when taken separately may be conflicting. Malleability requires us to be flexible and try new and various alternatives while Excellence is best achieved when we do something repeatedly. But they should not be in contrast. They can very well complement each other.” This is the balance that the leaders of today are challenged to maintain, as they continue to play a key role in the lives of their advisors and their clients, as well as their respective families. Thankfully, they have GAMA Phils. ready to assist each member to be a better ME in the new world.

Apps... from page 7

able to collect and receive payments through Viber. M r. L i m c a o c o s a i d he is optimistic that BPI already overcame the worst as borrowers have adjusted to the crisis, although he ack now le dge d t hat t he upcoming Metro Manila lockdown is a “setback.” “ We a r e l o o k i n g at manageable NPL (nonperforming loan) levels. This is all presupposed on the assumption that we can control the Delta spread. Sure, the ECQ (enhanced community quarantine) is a setback, but God willing, hopefully the setback is not so bad,” he said. Meanwhile, the bank’s top official also reiterated its target to become a “more EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH APPOINTMENT OF SPECIAL ADMINISTRATOR

sustainable and inclusive bank.” “We are reducing our coal financing in our portfolio by half by 2026, and to zero [loans to the sector] by 2037, if not earlier,” Mr. Limcaoco said, noting they hope to exit lending to the sector by as early as 2033. Moving towards sustainability also means BPI will likewise integrate environmental, social and government governance principles in its lending practices, he said, noting they added a particular consideration for economic growth due to its impact on borrowers and the country. BPI’s net income jumped 28.8% to P6.8 billion in the second quarter from P5.375 billion a year earlier as it set aside lower provisions for bad loans, which helped offset the decline in its earnings from its core businesses.

EXTRAJUDCICIAL SETTLEMENT OF ESTATE AND PARTITION KNOW ALL MEN BY THESE PRESENTS:

That the late NASSER B. MUNDER, who died on February 1, 2021 at Jeddah, Saudi Arabia without any will; that the said decedent, at the time of his death, left certain Conjugal real properties with T-170877 situated in Barangay of Upper Balulang, City of Cagayan de Oro, Island of Mindanao containing an area of ONE HUNDRED EIGHTY SQ.M (180), personal properties left with a. Landbank Account (4748442470026967) B. PNB (410100071107) C. Metrobank (7532001150) D. AL JAWWAL BANK/ SAMBA BANKA (818-038325001 RIYAL ACCOUNT DOLLAR ACCOUNT (8-8-038325-080) and has been the subject of an EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH APPOINTMENT OF SPECIAL ADMINISTRATOR, filed by the heirs of NASSER B. MUNDER, per DOC #282; PAGE #57; BOOK #14; Series of 2021 under the Notarial Registry of ATTY. PALAWAN S. LUCMAN, JR.

That the late SPS. LEA G. IDULZA and FAUSTINO L. IDULZA and MARIA PORTIA G. IDULZA, single, and residing at Galope Compound, Balulang, Cagayan de Oro City, who died intestate, dated December 17, 2011, that on the death of the decedent they left a property lot, with TCT No. T-152270 situated at Galope Compound, Balulang, Cagayan de Oro City, containing an area of ONE THOUSAND ONE HUNDRED THIRTY (1,130) square meters, more or less, TCT No. T-152271 situated at Galope Compound, Balulang, Cagayan de Oro City containing an area of ONE THOUSAND EIGHT HUNDRED SIXTY FIVE (1,865) square meters, more or less, TCT No. T-77988 situated at Galope Compound, Balulang, Cagayan de Oro City, containing an area of TWO THOUSAND NINE HUNDRED NINETY EIGHT (2,998) square meters more or less, and has been the subject of an EXTRAJUDCICIAL SETTLEMENT OF ESTATE AND PARTITION, filed by the heirs of SPS. LEA G. IDULZA and FAUSTINO L. IDULZA and MARIA PORTIA G. IDULZA, per DOC #457; PAGE #91; BOOK #124; Series of 2020 under the Notarial Registry of ATTY. BUENAVENTURA E. SAGRADO.

BWM: July 30, Aug. 6 & 13, 2021

BWM: July 23, 30 & Aug. 6, 2021

KNOW ALL MEN BY THESE PRESENTS:

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

BusinessWeek MINDANAO CREDIBLE

RELIABLE

FEATURE

IN-DEPTH

Fri-Sat|August 6-7, 2021

Applications for Reimagine Recycling now open M

Save Philippine Seas, Coca-Cola team up to provide waste solutions funding

ANILA – Now on its third year, Reimagine Recycling – an annual program which aims to scale emerging circular economy initiatives through workshops and grant funding, takes on a different format by seeking waste solution program proposals to support. It aims to train organizations with existing projects that help address issues on waste segregation, recycling/upcycling, improving the welfare of the informal waste sector, and mainstreaming gender in waste management. “The world is facing an ongoing waste problem and we, at Coca-Cola, recognize our responsibility to help solve it. However, we cannot do it alone. We move towards our vision of a litter-free world through collaborative partnerships with likeminded organizations such as Save Philippine Seas, as well as with our local communities. Together, we can make an even bigger impact and provide long-term solutions,” said Tony del Rosario, President of Coca-Cola Philippines and VP for Coca-Cola Franchise Operations in the East Region (Vietnam, Cambodia, and the Philippines). Workshop topics at the event include stakeholder

management, storytelling, visual communications, and business models. Speakers will include subject matter specialists and grantees of CocaCola Foundation Philippines. At the end of the program, three (3) initiatives will be selected to receive project funding of Php 500,000. The workshop is part of Coca-Cola's continuous efforts to achieve a world without waste through partnerships with organizations. In 2018, The Coca-Cola Company pledged to collect and recycle an equivalent of every bottle and can they sell by 2030; make its packaging recyclable globally by 2025 and use at least 50% recycled materials in its bottles by 2030. The company is also set to open a stateof-the-art recycling facility in Cavite by 2022 in making its vision a reality. “The Coca-Cola Foundation Philippines and Save Philippine Seas are eager to train organizations and support their ideas on sustainability. Through Reimagine Recycling, we aim to fund waste management initiatives beyond our own. We’ve seen promising ideas come to life in the past two years and we’re looking forward to bring more to fruition

Coca-Cola and Save Philippine Seas will be providing project funding of Php 500,000 to three (3) selected initiatives in this year’s Reimagine Recycling.

this year,” said Cecile Alcantara, Coca-Cola Foundation Philippines President. “Plastic waste has become an even more urgent issue due to the COVID-19 pandemic. There are many great ideas out there that need support to scale, and we’re hoping to find them and grow them through Reimagine Recycling Year 3’s new format,” said Anna Oposa, Executive Director of Save

In 2019, Save Philippines Seas together with Coca-Cola introduced Reimagine Recycling: A Forum for the Future, which aims to enhance and strengthen the waste value chain in the Philippines by identifying existing efforts and gaps, building and nurturing a network among different sectors, and identifying areas of collaboration.

Philippine Seas. To join, applicants should have an established ongoing project that addresses issues in waste segregation and plastic waste collection, recycling/upcycling, improving the welfare of informal waste pickers, or gender mainstreaming in waste management. The said project must be at least six (6) months old by September 2021. The initiative

may be an online and/ or offline campaign or a digital platform (web- or mobile-based) where actual waste collection is the metric; a social enterprise, or a community-based project.  Applications must be by an organization, association, or group, with two to three representatives per project. Applicants may represent private entities -- including start-ups and social

enterprises, civil society organizations, or academic institutions. Initiatives supported through Reimagine Recycling include low-cost technology to recycle/upcycle plastics, platforms that improve transparency and traceability in waste collection, digital platforms for citizen science projects, equipment to collect river or ocean waste, incentive programs for informal waste pickers, and monitoring or reporting tool for waste collection/recycling rates, to name a few. Reimagine Recycling is a project of Save Philippine Seas and Coca-Cola Philippines. Applications must be submitted on or before August 16, 2021. For any questions or concerns, please email Ms. Mo Maguyon, RR3 Project Manager, at rr@ savephilippineseas.org. For more information, please visit www.savephilippineseas. org/reimaginerecycling. Interested participants may view the FAQs at https:// www.savephilippineseas. org/faq-reimaginerecycling or email rr@ savephilippineseas. org. You can read more about Coca-Cola’s vision of a World Without Waste here: https:// www.coca-colacompany. com/reports/businessenvironmental-socialgovernance-report-2020.

Key to working towards a vision of a litter-free world is creating a network and space where diverse minds can meet. The first year of Reimagine Recycling bridged the opportunity for different organizations with various strengths to potentially collaborate beyond the program. Participants were given the opportunity to learn from other organizations on how to scale projects and further enhance their capacities.

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

FRI-SAT|AUGUST 6-7, 2021

Christian... from page 4

(21,4) In this life, we have to expect and be prepared for the unavoidable pain and suffering. And this means that whether we are guilty or not of our pains and suffering, all we have to do is to go immediately to Christ who shows us how to handle our pains and suffering and who is ready to forgive us if ever we are guilty of suffering. We should have this Christian attitude toward all our suffering and death in this world!

Change... from page 4

glad you ended up with the sandwich you wanted.” Even though the waiter knew he was right and the customer was wrong, he was gracious enough to take the blame first, allowing the customer to see his own mistake—and hopefully in the future to be more humble and slow to judge others. That is the power of grace to change our heart. The Bible says, “God’s kindness leads us to repent and change.” The Creator of the universe showed us His amazing grace and kindness by humiliating Himself and becoming a human being to pay the penalty for all of our rebellious pride and wrong living. Won’t you ask Him to forgive you, and to start changing everything in your heart and life according to His gracious, right plan for you? Just think a minute..

Infestation... from page 1

there are still negligible cases of the disease, the problem is effectively under control and easily prevented from spreading,” Mr. Piñol said in a Facebook post over the weekend. Panama disease, also known as fusarium wilt, is a soil-inhabiting fungus that causes bananas, mostly Cavendish, to die. Ms. A lb ano-Nar reto said the fields had been abandoned, leaving the area barren for a period. “We replanted after three months but the disease manifested again. So, we extended it to six months. Still the disease came back. Finally, we ‘scorched’ the land for one year and denied the fungus any host to survive,” Ms. Albano-Narreto said. Ms. Albano-Narreto added that a new banana variety was introduced, UCL4, while an old variety, called Tall Williams, was replanted. Currently, the rehabilitated farm employs 1,000 workers and produces 4,200 boxes of Class A bananas per hectare every year. “The MADC success story is also a game changer for the country’s Cavendish banana industry which had suffered reversals because of the devastation of fusarium wilt. With this development, the Philippines could again regain its status as one of the top Cavendish banana producers in the world,” Mr.

Piñol said. Mr. Piñol said in a separate Facebook post that MinDA will launch a field learning program for Cavendish banana farmers who wish to learn the methods used by MADC in controlling the disease. He said the field learning program will be implemented after an offer by Unifrutti and its officers in the MADC farm in Bukidnon to share their practices with interested farmers. During a July 20 virtual briefing, Pilipino Banana Growers and Exporters Association, Inc. Chairman Alberto F. Bacani said the Philippines remains the number two exporter of Cavendish banana. Mr. B acani said the countr y produced 162.2 million boxes of Cavendish banana in 2020, down 17% from the prior year, due to Panama disease. (PR)

Gold... from page 1

T h e B u k i d n on - b or n flyweight who trained in Cagayan de Oro will go for the gold on Saturday against Great Britain’s Galal Yafai or Kazakhstan’s Sakeh Bibossinov. Middle weight Eumir Marcial, meanwhile, lost to Ukraine’s Oleksandr Khyzhniak in a split decision, getting the bronze medal. Nesthy Petecio of Davao del Sur lost to Sena Irie of Japan in the final match of the women’s featherweight category on Tuesday.

Warning...

from page 1 those coastal areas are not safe for human consumption. It added that fish, squids, shrimps and crabs are safe for consumption, provided that they are fresh and washed thoroughly, and internal organs such as gills and intestines are removed before cooking. The following coastal waters of Mindanao remained free from toxic red tide: Panguil Bay, Tangub City and coastal waters of Ozamiz City in Misamis Occidental; Taguines Lagoon, Benoni and Mahinog in Camiguin; and coastal waters of Hinatuan, Cortez and Lingig, and Bislig Bay in Surigao del Sur. Also free from toxic red tide are coastal waters of Cavite, Las Piñas, Parañaque, Navotas, Bulacan, and Bataan (Mariveles, Limay, Orion, Pilar, Balanga, Hermosa,

Orani, Abucay and Samal) in Manila Bay; coastal waters of Bolinao, Anda, Alaminos, Sual and Wawa, Bani in Pangasinan; coastal waters of Pampanga; Masinloc Bay in Zambales; Pagbilao Bay, Pagbilao, and coastal waters of Walay, Padre Burgos in Quezon; Honda Bay and Puerto Princesa Bays, Puerto Princesa City, and coastal waters of Inner Malampaya Sound, Taytay in Palawan; coastal waters of Mandaon in Masbate; Juag Lagoon, Matnog in Sorsogon; coastal waters of Gigantes Islands, Carles in Iloilo; coastal waters of Pilar, Panay, President Roxas, and Roxas City in Capiz; Sapian Bay (Ivisan and Sapian in Capiz; Mambuquiao and Camanci, Batan in Aklan); coastal waters of Altavas, Batan, and New Washington in Batan Bay, Aklan; coastal waters of E.B. Magalona, Talisay City, Silay City, Bacolod City, Hinigaran, and Victorias City in Negros Occidental; Tambobo and Siit Bays, Siaton, and Bais Bay, Bais City in Negros Oriental; coastal waters of Daram Island, and Zumarraga, Cambatutay, Irong-irong, Maqueda and Villareal Bays in Western Samar; coastal waters of Leyte, and Calubian, Carigara and Ormoc Bays, and Cancabato Bay, Tacloban City in Leyte; and coastal waters of Biliran Islands.

Support... from page 7

sur vive under the new normal, said Angelito M. Villanueva, chairman of Fintech Alliance.ph. He noted that financial technology companies have created e-wallets, one-stop apps, withdrawal systems and access points, QR-enabled transactions and digital loan marketplaces to help small businesses adapt to the new normal. The Bangko Sentral ng Pilipinas (BSP) has provided relief measures to support the MSME sector, including allowing banks to count loans to the segment as reserve compliance. The central bank has also cut the credit risk weight for small business financing. BSP Governor Benjamin E. Diokno said banks allotted an average of P183.9 billion worth of MSME loans as of June 17 as alternative compliance with reserve requirements. The central bank also teamed up with the Japan

Kagay-an Festival 1st Oro Lechoneros Encuentro Champion

for Orders, Contact Yoyong:

09354145759 09169249371

International Cooperation Agency and other banking stakeholders for a credit risk database project that seeks to improve small businesses’ access to loans.

Demand... from page 5

Makati central business districts (CBD) with the highest supply of condominium units. “As of Q2 (second quarter) 2021, Colliers has recorded about 28,718 condominium units in the Bay Area, overtaking Makati CBD’s 28,551 units. At present, the Bay Area has the second largest condominium stock in Metro Manila, next to Fort Bonifacio which has 39,505 units,” it said. Between 2021 and 2025, Metro Manila is foreseen to deliver 7,500 new residential units per year. “Colliers has also observed a recovery in take-up of preselling condominium units in the fringes of central business districts. The demand in the peripheral areas has outstripped supply since 2018,” it said. Colliers cited Makati Fringe, Manila-North, and Manila-South as the top fringe areas in terms of takeup from 2018 to first semester of the year. The rosy outlook for Metro Manila’s residential market is also backed by the vaccination program. “The inoculation efforts should contribute to a recovery of investor sentiment as the government aims to achieve herd immunity by Q1 (first quarter) 2022, which should inject a much-needed boost to the country’s residential sector,” Colliers added. (PNA)

Growth... from page 5

month settled at 50.4, slightly lower than June 2021’s 50.8 index. “Although the Philippines manufacturing sector recorded another improvement in operating conditions during July, latest data revealed d om e s t i c d e m an d an d production levels were still impacted by the pandemic. Meanwhile, case numbers have moderated somewhat from earlier on in the year, but are far from under control causing some restrictions to persist,” IHS Markit economist Shreeya Patel said.

On t he ot her hand, m anu f a c tu r i ng i n d i c e s of Myanmar fell to 33.5; Indonesia, to 40.1; Malaysia, to 40.1; Vietnam, to 45.1; and Thailand, to 48.7. These countries have been experiencing an increase in Covid-19 cases amid the spread of the more infectious Delta variant. Moreover, Patel said the vaccination efforts in the Philippines have provided a boost in the country’s economic outlook, pointing out the encouraging levels of buying input and rising stock volumes of manufacturers. “Nevertheless, domestic d e mand must i mprove throughout the second half of the year to help underpin growth in 2021,” she added. Meanwhile, producers’ outlook in July rose to its four-month high. (PNA)

Okay...

from page 5 pandemic. The investment approvals made by BOI and PEZA for the past five years are projected to create 804,147 jobs in the country. Meanwhile, approved investments for the first six months of 2021 alone amounted to P236 billion —P204-billion projects were approved by BOI and P32 billion were approved by PEZA. “The biggest share was committed to electricity, gas, steam and air-conditioning supply at P127.6 billion (54.1 percent). Manufacturing came in second with P52.2 bi l l i on ( 2 2 . 1 p e rc e nt ) , real estate activities with P28.5 billion (12.1 percent), information and communication with P12.7 billion (5.4 percent), and constr uction with P4.5 billion (1.9 percent),” the DTI said. Bulk of the investment approvals amounting to P197 billion were from local sources and the remaining P39 billion were foreign investment pledges. “(The) UK was the biggest country source of the BOI-PEZA approved foreign investments, with P13 billion (33.4 percent). Japan came in next with P11.9 billion, followed by UAE with P4.5 billion, USA with P2.4 billion, and Cayman Islands with P1.1 billion,” the DTI added. (PNA)

Aboitiz... from page 5

energy mix to 35% in 10 years’ time. On Tuesday, the Aboitizled firm said it was optimistic that it could reach its 2030 goal “without building any new coal-fired power plants.” “As the largest owner and op erator of RE in the Philippines in terms of installed capacity together with its partners, AboitizPower continues to invest in other renewable energy projects across the country,” it said. “The company also aims to pursue its international aspirations with a focus on RE in high-growth geographic markets,” it added. Ab oit izPower is t he holding firm for the Aboitiz group’s investments in power generation, distribution, and retail electricity services. P r e v i o u s l y, i t w a s recognized for the fourth time in a row as a constituent company by FTSE4Good Index series, a global index that identifies companies w h i c h s h o w “s t r o n g ” environmental, social and governance (ESG) practices. The listed firm said its consolidated net income increased by 136% to P4 billion in the second quarter on the back of commissioning revenues from unit 1 of its new facility GNPower Dinginin.

Shopee... from page 8

experience for a growing c u s t om e r b a s e an d are excited to further grow the partnership in the coming years.” In line with Shopee’s aim to offer its users convenient access to brands and their amazing deals, Shopee invites everyone to check out the Shopee 8.8 Mega Flash Sale happening until August 8. Shoppers can look forward to free shipping with P0 minimum spend, P8 peso deals, and up to 90 % off on brand favorites such as Lactum, X i a o m i , r e a l m e , v i v o, OPPO, Colgate-Palmolive Philippines, Nestlé Store, Pa mp e r s , P & G B e aut y, Unilever Beauty, L'Oréal Paris, INSPI, The SM Store, Hu aw e i O f f i c i a l St ore , Johnson & Johnson, and Abbott Philippines.

BusinessWeek MINDANAO CREDIBLE

RELIABLE

FEATURE

IN-DEPTH

Fri-Sat|August 6-7, 2021

Camp Aryahorst To Open Soon

EELING stressed from the hustle and bustle of city life? Are you having anxieties in life and you need to recharge and commune with nature? Well this is your chance to prepare for that family/ barkada road trip or just simply drive out to relax and unwind. Nestled in a promontory which you can see at a distance, a new private modern chalet rises along Route 955 is set to open its doors to the public soon. Located just 500 meters from Doalnara Restoration Society in Sitio Civoleg, Brgy Lunotan, Gingoog City, CAMP ARYAHORST is just situated on top of a hill just beside the highway Meanwhile, Cafe 387, a coffee shop will be opening soon at Camp Aryahorst. This will be a good stopover for coffee break. Interior works are already ongoing. The place is located almost 4,000 feet above

sea level, thus having a cooler weather with a majestic view of both Mt. Balatukan and Mt Lumot. Camp Aryahorst is already situated in Mt. Sumagaya. A bit of a side story, when Cebu Pacific Flight 387 crashed, the rescuers main camp is situated in Mt. Sumagaya the site of the current memorial shrine. The airplane crashed in Mt. Lumot. The modern chalet was designed by D.E Architects according to the specification of the owner. The chalet has to be able to connect to the story of the area. Thus the main building of the chalet was designed to look like an airport control tower and its second f loor mezzanine recreates an access ramp from the airport to the airplanes door with its all glass construction. Thus Camp Aryahorst is a nod to the Flight 387 memorial shrine. Camp Aryahorst is

named after the owner’s pet Shih Tzu dog named “Arya” and “Horst” which is German for “nest”. Accordingly, when the family goes to work, Arya usually gets their used clothes and makes a ‘nest’ out of it and sleeps on it until they arrive home.

They added “camp” because they loved camping out. Thus, the modern Chalet is deemed a place to relax and find solace to recharge. Camp Aryahorst is their comfort zone, a place for exclusive friends to wind and dine, away from the sham and

drudgery of the world where they can breathe fresh air and enjoy each other’s company in a cool climate. Many travelers including bikers have already dropped by the chalet thinking if it is already open to the public.

It is a perfect stopover along Route 955 since it is right at the boundary between Claveria and Gingoog City. The modern Chalet has four rooms, of which three of these rooms can accommodate 4 people each while the one big room is good for 6 people. Perfect for family and barkada overnight stayover. Simply relax and enjoy the cold climate by the cozy fireplace. It has a big lounge in the mezzanine overlooking the road and a great view of the surrounding mountain ranges. A mere walking distance from the chalet are three waterfalls, a cool dip is very inviting to weary travelers just choose one whichever of the waterfalls takes your fancy. Meanwhile, Cafe 387, a coffee shop will be opening soon at Camp Aryahorst. This will be a good stopover for coffee break. Interior works are already ongoing.