BusinessWeek Mindanao (August 8, 2016)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 026

Market Indicators As of 6:45 pm august 5, 2016 (friday)

FOREX

PHISIX

US$1 = P46.959

7,970.35

5.5

X X Briefly

cents

8.2

points

Agriculture

AS the Higalaay Garden Show and Agri Fair opened on August 2, the city government of Cagayan de Oro encourages more individuals to take part in cultivating more lands for agriculture that will ensure the city’s sustainable development.

Cagayan de Oro City Mayor Oscar Moreno stressed that in spite of the rapid urbanization that is taking place in the city, the farmlands should not be forsaken since the sector contributes a lot in strengthening the city’s being the trading center of the region.

Moreno also hopes that the program will help in enhancing relationships between the farmers, fisher folks, city and national government.

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Environmentalist group warns ‘carbon majors’ www.businessweekmindanao.com

Monday | August 8, 2016

By BONG D. FABE, Contribting Editor

I

(First of Three Parts)

GNORE the order and face the backlash of the international community and further legal action.

This in effect is the warning human rights advocates and environmentalists issued to the 47 fossil fuel companies alleged to have violated Filipinos’ human rights by driving climate change.

The C ommission on Human Rights (CHR), on

July 27, sent copies of the complaint to and ordered the 47 “carbon majors” such as Chevron, ExxonMobil, BP, Royal Dutch Shell, Total, BHP Billiton, Anglo American, Lafarge, Holcim, and Taiheiyo Cement Corporation, and warns/PAGE 7

LACTATING MOTHERS. About 186 lactating mothers joined the simultaneous breastfeeding of their babies Saturday which commenced the weeklong National Breastfeeding celebration held at Limketkai Center in Cagayan de Oro City.. PHOTO BY MARK FRANCISCO

Flat inflation THE rate of increase in consumer prices likely steadied last month as the slowdown in food and education costs would offset the general rise in prices of other widely used goods.

In the latest Department of Finance DOF) economic bulletin, Finance Undersecretary Gil Beltran said inflation may have settled at 1.9 percent in July, similar to the previous month, but higher compared with the 0.8 percent registered a year ago.

The July inflation forecast is still below the central bank’s two percent to four percent target range for 2016, implying that the country could sustain its ongoing rapid economic growth of about seven percent, Beltran pointed out.

IN-DEPTH

HARVESTING RICE. Farmer Regina Ballenas winnows rice at her farm in Pigcawayan, North Cotabato in nthis file photo.

Harvest season in this rice-producing town is between January and February. MindaNews File Photo by Keith Bacongco

Alsons awards $280M EPC deal for power project

By MYRNA VELASCO, Contributor

THE power group of publicly listed Alsons Consolidated Resources, Inc. has awarded a US$280-million engineering, procurement and construction (EPC) contract to Japanese firm JGC Corporation for the 105MW expansion of its

Sarangani coal-fired power project.

That forms the second unit of the plant – bringing t ot a l c ap a c it y t h e n t o 210 megawatts. The first unit of another 105MW capacity already reached alsons/PAGE 7

MisOcc power cooperative signs supply contract with Hedcor

By MIKE BAÑOS, Editor-at-Large

M I S A M I S O c c i d e nt a l I E l e c t r i c Cooperative, Inc. (MOELCI-1) recently added 1-MW renewable energy to their hedcor/PAGE 7

Lopez vows to end illegal logging, mining in 8 days

By ANTONIO L. COLINA IV, MindaNews

DAVAO C it y – Environment and Natural Resources Secretar y Gina Lopez vowed to end

illegal logging and mining operations in eight days with her “Duterte lopez/PAGE 7

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Economy Establishments asked to be cautious Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

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CAGAYAN de Oro City councilor warned local establishments to be cautious, especially when

they receive a call from an unknown person, placing an order and subsequently asking for cellphone load.

In his special report

during the 4th regular session of the City Council last July 27, presided over by Vice Mayor Raineir Joaquin Uy, Councilor Dometilo Acenas

DA, ATI train rural women on organic veggie production

By APIPA BAGUMBARAN, Contributor

MARAWI City – To boost the advocacy on organic farming, the Department of Agriculture Provincial Office in collaboration with Agricultural Training Institute (ATI) Region XII conducted a training on organic vegetable production for rural women on August 2-4, 2016.

Twenty women and 10 farmers from the different barangays of the municipality of Balindong participated in

the training to learn the basics of organic farming.

Aside from orienting them about Republic Act 10068 or the Organic Agriculture Act of the Philippines, the participants were taught on the concepts and best practices on organic vegetable production and integrated pest and disease management on organic vegetable farms particularly on the preparation of liquid organic fertilizers and vermicompost

production.

The participants also received packets of vegetable seeds after finishing the training.

The municipality of Balindong is a member of the League of Organic Agriculture Municipalities (LOAM) of the Philippines. LOAM is a national organization of local chief executives that commits to actively promote and implement the sustainable organic agriculture program in their respective municipalities.

(APB/PIA-10)

informed the body of the new modus that victimizes business establishments.

Councilor Acenas said unscrupulous persons would order some goods from the establishments using names of certain individuals and city officials.

The councilor said he had been a victim of this modus thrice.

He recalled that the first incident happened in June this year, when kilos of meat from Monterey worth P8,000 was delivered to his office.

The councilor reported that the unknown person behind the modus also asked for Globe load worth P1,500.

The second incident, he said, happened when the unknown person called

a flower shop located at Barangay 1 and ordered a bouquet of flowers worth P5,000 under the name of Councilor Jun Acenas and said that the councilor ordered it for him and his wife’s wedding anniversary.

The bouquet was delivered to City Hall, and the person asked for P500 worth of load.

Acenas said the latest incident happened last July 26, 2016, while he attended the meeting of the committee on senior citizens at City Hall.

He said Yellow Cab Pizza delivered four cartons of pizza worth P2,600. Aside from the pizza, the unknown caller also ordered P200 worth of grocery items, and

a P1,200 worth of Globe load, totaling P4,000.

Councilor Acenas said he immediately went to Yellow Cab to clear his name, telling its personnel that he never made the orders.

He then asked the local tri-media to help him expose the incidents to put a stop to this modus.

As this developed, vice mayor Uy refer re d t he report to the committee on police for appropriate action, even as he asked the secretariat to also furnish the National Bureau of Investigation (NBI), the City Police Office, media outlets, and all members of the City Council for their i n for m at i on . ( E F / C D O Legislative Information)

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Opening of Higalaay Garden Show and Agri Fair. (L-R) Eileen San Juan, Cagayan de Oro City Mayor Oscar Moreno, City Councilors Jay Pascual and Annie Daba formally open the Higalaay Garden Show and Trade Fair on August 2 at the Gaston Park. The garden show and agri fair showcases the agricultural products of the farmers’ organizations and the farming communities of Cagayan de Oro city. Also in the photo include City Councilors Lordan Suan and George Goking, and Hector San Juan.(RTP/PIA10)

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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Fingerpointing is not the answer (2)

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

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BONG FABE

Feature Editor

Associate Editor

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Member:

relocation.”

“Return Laguna Lake to the small fishermen…… The poor fishermen will have priority in its entitlement.”

Anti- Red Tape “We are against those who make our lives miserable.”

“We must reduce to the barest minimum the time needed to process business permits and licences.”

Reproductive Health Law “The implementation of the responsible parenthood and reproductive health law must be put into full force and effect. …. (There is a need for) freedom of informed choice on the number and spacing of children.”

Some “feel good” proposals *Establishment of a hot line to the President via 8888.

– “For those who have valid complaints against graft and corruption, I will open the gates of Malacanan.” Note that this is reminiscent of the ten-centavo telegram initiated by the late President Ramon “The Guy” Magsaysay.

Magsaysay’s management style endeared him to the masses. *Establishment of free Wifi access for students and travellers in public places. *One-stop-shop for OFWs applying for /or renewing their passports.

Love of Country

“Courage knows no limits.

Cowardice does.”

“Revitalize ROTC to teach love of country and good citizenship.”

Other Reforms “We will lower personal and corporate income tax rate and relax the bank secrecy law. “ “R e for ms to e nsu re competitiveness and promote ease of doing business will be mandatory.”

On criticisms of the President “ Ta n g g ap i n k o a n g pagmumura ninyo. Huwag lang sa malapitan.”

Duterte SONA humor “Nanalo nga ako….. hindi ko alam kung bakit nandito ako (referring to the podium from where he was speaking).

Noong una, doon lang ako ( pointing to the direction of the seat he once occupied as a Congressman.)”

“Sino man ang nagsuporta sa inyo sa akin? Wala man.

Not a single congressman.

Except for two governors.

Pero ngayon…. (pause) ” (laughter from those who jumped ship to join the “super majority”) “Makinig kayo… hindi panay tawa diyan!”

Magellan is the culprit In the b eginning of his speech, the President proclaimed that there would be no finger-pointing. Well,

SPEAKING

O ut

Ignacio Bunye not quite. The President b l a m e d t h e l on g - d e a d Magellan for displacing the Muslims when Magellan landed in 1521 and declared the islands as property of the King of Spain. That was a “historical injustice” to the Muslims, whose arrival preceded all other groups by more than a 100 years.

That “historical injustice” needs to be corrected, the President said.

His proposed solution: Pass the BBL, minus the constitutionally questionable provisions. Then, adopt a federal form of government (a parliamentary/ presidential type) to ensure a more just and equitable re-allocation of political powers and resources.

Note: You may email us at totingbunye2000@gmail. com. You may also like us at Facebook: “Speaking Out”.

Lawyer fights, humiliates, PNoy!

Philippine Press Institute Oro Chamber

New Location Think a minute…A Bank in New York City had some flowers sent to another bank that had moved to a new building. But there was a mixup at the flower shop, and the card that was sent read: “With our deepest sympathy.” The florist was so embarrassed and apologized for her mixup. But she felt even worse when she realized that the card to the bank was sent instead to a funeral. This card read: “Congratulations on your new location!” You can imagine the surprise of the dead person’s family when they read that card! All joking aside. You know that’s actually an accurate way to describe what happens when we die. While we’re alive on this earth, our body is just our temporary house.

Doctors say that after we reach the age of about 20 years old, our body begins to deteriorate and slowly die.

Our hair turning gray and thin, wrinkles in our skin, and many other changes in our body are all signs that our aging house is falling down. No one escapes this fact of life!

All joking aside. You know that’s actually an accurate way to describe what happens when we die. While we’re alive on this earth, our body is just our temporary house.

(Continued from last week) Two weeks after President Rody Duterte’s inaugural SONA, his key messages continue to resonate. And they will continuously be repeated since they form the core of the President’s blueprint for change.

In last week’s article, we reported some of his key messages. We now pick up where we left off.

Emergency power to solve traffic problem “The worsening traffic could be logically addressed if Congress could accord me emergency powers to remedy the situation….. Ayaw mo, OK lang sa akin…. Kung gusto ninyong madaliin, nasa inyo yon. If you give it, fine. If you don’t give it.. we take the longer route….. slowly…”

“Baka sabihin ninyo magkaron ng graft and corruption. I assure you this will be a clean government.”

“I u n d e r s t an d you r misgivings. Ako makagrantiya 101 per cent. It will be clean.”

“O u r a n t i - c o l o r u m campaign and out-of-line apprehensions including removal of terminals will be intensified. And my God… it will be done.”

“Reviving the Pasig river ferry is a viable option.”

Social Justice “No demolition, if no

THINK

A Minute

Jhan Tiafau Hurst Doctors say that after we reach the age of about 20 years old, our body begins to deteriorate and slowly die.

Our hair turning gray and thin, wrinkles in our skin, and many other changes in our body are all signs that our aging house is falling down. No one escapes this fact of life!

However, we have a soul that never dies, so when our body dies we just change locations. And our next location is not just for 70 years, it’s our permanent home—forever. Jesus Christ said that there are only 2 locations that we can live in after we die: heaven or hell.

Fortunately, the choice is ours to make now while we’re still in this temporary location.

If we choose heaven, then all we need to do is ask Jesus hurst/PAGE 9

LIFE’S INSPIRATIONS: “…

Though rulers sit together and slander me, your servant w i l l m e d it ate on you r decrees…” (Psalm 119:23, the Holy Bible).

-ooo L AW Y E R F I G H T S , H UM I L IAT E S , P N OY, : Chief Special Prosecutor Wendell Barreras Sulit, a lawyer of high caliber and unquestioned integrity, academic superiority, and competence, will now go down in the histor y of the legal profession in the Philippines as the lawyer who dared to fight President Aqu i n o a n d h i s g r av e accusations against her in connection with a plunder case against a former military general, and humiliated him by prevailing against him.

In a decision handed down by the Court of Appeals last Wednesday, August 03, 2016, three appellate court justices---Zenaida Galapate Laguilles, Marlene Sison and Mario Lopez---rejected Aquino’s 2013 orders of dismissal against Sulit as “unfair, misplaced, uncalled for, and an encroachment of judicial power.”

Sulit was unavailable for comment, but I am sure she will be very happy with the ruling. Not only will it return her to her former wor k a s C h i e f Sp e c i a l

Prosecutor of the Office of the Ombudsman, but it will also show that it pays to fight a delusional and vindictive president who was much feared even among justices and judges, and uphold truth and justice in the process.

-ooo “PNOY USURPED JUDICIAL POWER”: The factual background of the case is summarized in a report written by reporter Jomar Canlas of the Manila Times. Canlas wrote: “ The CA ruled that Malacañang, during the stint of President Benigno Aquino 3rd and Executive Secretary Paquito Ochoa Jr., committed an er ror and usur p e d t he authority of the courts with an order dismissing Sulit from her post as top prosecutor of the Office of the Ombudsman. “ `The decision dated July 18, 2013 and resolution dated December 6, 2013 of the Office of the President, dismissing petitioner Wendel l B ar reras-Su lit from the service, are hereby reversed and set aside,’ said the ruling, which was concurred in by Associate Justices Marlene Sison and Mario Lopez.

Canlas wrote further: “(The case arose when) through a plea bargain, retired major general Carlos

Garcia got away from a plunder charge filed by the Office of the Ombudsman.

A lifestyle check had shown millions of pesos and pieces of property under Garcia’s name and members of his family, including a Trump Plaza condominium in New York.

-ooo PLEA BARGAINING BENEFITTED THE C O U N T R Y: “ H e w a s also charged with money laundering, and the AntiMoney Laundering Council even moved to freeze assets of the Garcias. The appellate court did not agree with the findings of Malacañang that the plea-bargaining deal with Garcia, which allowed the general to plead to a lesser offense, was unlawfully executed.

“It s ai d t h e p l e a bargaining agreement was lawful because Sulit executed the same under direct supervision of then Ombudsman Marceditas Gutierrez. Gutierrez and Sulit entered into the bargaining agreement with Garcia, asking to return assets to the Philippine government and allowing his plunder case to be downgraded to direct briber y charges. Garcia returned P135,433,387.84 to the government under the agreement.

K akampi

Mo A ng Batas

Atty. Batas Mauricio “When Aquino assumed the presidency, however, he forced Gutierrez to resign from her post to be able to appoint a new Ombudsman, and then dismissed Sulit. But the Court of Appeals stated that the plea-bargaining agreement was also approved by t he S and i g anb ay an , which makes the agreement aboveboard and within the process mandated by law…”

-ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 HOURS a day, in the Philippines and the world at www.facebook.com/ angtangingdaan or www. facebook.com/ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

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CorporateWorld

Globe goes through with spending plans

F

AR from its doubledigit growth clips in years past, Globe Telecom is seeing a more chal l eng ing lands c ap e ahead, with competition with rival PLDT squeezing margins, and a pending case with the anti-trust body on its acquisition along with PLDT of San Miguel’s telco assets.

But the firm is undettered and is forging ahead with its spending plans this year,

when it expects a modest s i ng l e - d i g it g row t h a s competition heats up and legacy segments such as call and text continue to fall and give way to data.

Rizza Eala, Globe’s chief finance officer, “In terms of the revenue guidance, we’ve only given some indication this year and we are sticking to single-digit growth.”

Globe’s second quarter consolidated net income grew 3 percent to 8.96 billion

Taganito confident of passing DENR audit TA G A N I T O M i n i n g Corporation is confident of passing the audit conducted by t h e D e p ar t m e nt of Environment and Natural Resources (DENR), an official of its parent company Nickel Asia Corp. (NAC) said.

“Yes, I think it’s fairly done. We’re taking this positively so our operations will continue,” said Jose B. Anievas, NAC chief operating officer, when asked if he thinks the company will pass the DENR audit. NAC has a 65% stake in Taganito Mining.

A four-day audit on Taganito’s nickel mine in Claver, Surigao del Norte ended on Monday, where the auditing team commended the company’s operations,

according to Mr. Anievas.

He said the team also suggested “minor things” on which the company has to improve, but did not give details. “[But] we’re open to that because no mine is perfect,” he added.

The audit was “ver y comprehensive up to the last detail of operation,” according to Mr. Anievas, adding that the process was similar to securing an ISO 14001 certification.

Environment Chief Regina Paz L. Lopez issued a Memorandum Order 201601 on July 8, ordering a comprehensive assessment of all existing mine operations.

The audit would “determine taganito/PAGE 6

year-on-year.

The Aya l a-le d telco said competition is putting pressure on margins, as it has to match the price points of its rival PLDT. Daniel Horan, Globe’s consumer division head, said,”on the competitive side of things we’ve seen a lot of competitive activities that are being driven primarily from the PLDT group around data in particular.

“From a price-competitive

perspective the market is incredibly competitive now.”

Amid the challenging landscape, Globe said it is pushing forward with its planned capital spending this year of $750 million.

Eala said Globe is set to close in the next few days a financing deal with a local bank to fund it.

“We do need financing for our capex so we have another $7 billion more that we need to fund, but the facilities

are already in place. That is for the capex that we have for this year which is, as I mentioned, $750 million.”

The company also sought consent from their bondholders to widen its debt to equity ratio to provide Globe additional buffer should the need to borrow more arises.

“We are going through a c on s e nt s o l i c it at i on specifically for our retail bonds to increase our D-E

ratio from two times to 2.5 times, that just gives us the flexibility to be able to prepare for any future capital spending that we need,” said Eala.

With its network and spending strategy ironed out for the year, Globe is now hoping to resolve the case against the Philippine Competition Commission’s review of its $69.1 billion acquisition of San Miguel’s telco business with PLDT.

ABOITIZ Equity Ventures, Inc. (AEV) raised P4.70 billion in fresh capital from the private placement of common shares from its treasury.

In a disclosure to the Philippine Stock Exchange, the company announced the sale of 63,331,000 common shares for P74.25 apiece on Wednesday.

AEV announced the transaction on the same day its board of directors approved the issuance of the common shares held in treasury.

“The proceeds of the sale will be used for general corporate purposes and to fund future investments of AEV,” the disclosure read.

The company separately

sold 5 million treasury sales for P74.25 each through the facilities of the local bourse, raising another P371.25 million.

AEV has no immediate plans of launching new projects within its energy business, its President and Chief Executive Officer Erramon I. Aboitiz told reporters on the sidelines of the Financial Times-First Metro Philippines Investment Summit in Makati City on Tuesday.

The company, however, remains keen on investing in infrastructure, particularly the regional airports proposed under the government’s public-private partnership program.

T h e g ov e r n m e nt i s

bidding out contracts for the operation, maintenance and development of the Ne w B oh ol ( Pang l a o ) , L a g u i n d i n g a n , D av a o, Bacolod and Iloilo airports. “ We a re t a l k i n g t o prospective partners, there are some foreign [partners] we’re looking at. I would prefer not to comment on that until it is finalized,” Mr. Aboitiz said.

AEV is also interested in undertaking light rail transit (LRT) and toll road projects. The government is bidding out the operation and maintenance of the existing LRT Line 2 and the construction of the 19-kilometer LRT line from Bacoor, Cavite to Dasmariñas City.

“On the transportation side, we are interested in LRTs, we would be interested in toll roads. We bid for toll road in the past so if opportunities like that, come in, we will be interested in it,” Mr. Aboitiz said.

Alongside, the company is scouting opportunities abroad although it remains focused on the Philippines.

“We are l o o k i n g at opportunities in Indonesia, but clearly the Philippines is our main market and we’re still very much committed t o i nv e s t m e nt s i n t h e Philippines,” Mr. Aboitiz said.

Asked whether the company has ready cash for such investments, Mr. Aboitiz replied: “All these projects capital/PAGE 6

AEV raises P4.7B in fresh capital

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Banking&Finance

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Misamis Occidental Cooperative signs RESA with Hedcor Mis amis O ccident a l I E l e c t r i c C o op e r at i v e , Inc. (MOELCI-1) recently added 1-MW renewable energy to their mix after signing a renewable energy supply agreement (RESA) contract with the Manolo Fortich hydropower project of AboitizPower subsidiary Hedcor last July 25.

MOE LC I - 1 , w it h a peak demand of 10-MW, provides power to the municipalities of Calamba and neighboring areas in Northern Mindanao.

This is the third electric cooperative to secure a supply contract with the 68.8-MW Manolo Fortich run of river hydropower plant project under construction in Bukidnon.

The project is set for completion in 2017.

“The development of this renewable energ y source is promoting energy efficiency and clean energy

and this will definitely boost the economic activity in our region and in the Mindanao region,” MOELCI-1 board president Re y Roger Villanue va said during the signing ceremony in Dipolog City.

Hedcor owns and operates 22 run-ofriver hydropower plants all over the country. Its power plants combine for around 185-MW of clean and renewable energy.

Hedcor vice president for Mindanao Operations Rolando Pacquiao said that by aggressively amplifying their renewable portfolio, this shows Hedcor’s support of the Philippine National Renewable Energy Program that aims to triple the renewable energy capacity of the country by 2020.

“With this agreement, we have forged, 1000 kWh of clean and renewable energy will be coming into

Misamis Occidental and a total of 68.8-MW of clean energy for Mindanao by 2017,” Pacquiao said.

In Mindanao alone, Hedcor operates nine runof-river hydropower plants with a total capacity of 60-MW. “We thank MOELCI-1 for trusting us with their power supply so t hat toget her, we c an participate actively in the growth in your region,” said AboitizPower Energy Sales First Vice President Rochel Donato Gloria.

Ruben B onalos, the general manager of MOELCI-1, said continuing the partnership with AboitizPower, this time for renewable energy, will help their cooperative’s direction in ensuring the quality and reliability and affordability of their electric power supply to their customers.

Hedcor vice president for Mindanao Operations Rolando Pacquiao (second from left) signs the renewable energy supply contract with Misamis Occidental I Electric Cooperative, Inc. (MOELCI-1) board president Rey Roger Villanueva (right). Witnessing the signing in Dipolog City are AboitizPower Energy Sales First Vice President Rochel Donato Gloria (left) and MOELCI-1 general manager Ruben Bonalos (second from right).

PHL July ‘16 inflation flat at 1.9% THE rate of price increases in the Philippines is flat in July 2016 at 1.9 percent relative to the previous month as food inflation, among others, posted slower rate while oil and utility rates declined.

Data released by the Philippine Statistic Authority (PSA) showed that last July’s inflation rate is higher than the 0.8 percent in July 2015 and brought the year-to-date average to 1.4 percent.

Core inflation, which

excludes volatile items like food and oil, is also flat at 1.9 percent, similar to the year-ago level, resulting in a 1.7 percent average to date.

Bangko S entral ng Pilipinas (BSP) Governor Amando Tetangco Jr., in a message to reporters Friday, said last July’s inflation rate is within the central bank’s 1.5-2.4 percent forecast for the month and is in line with monetar y officials’ projection on higher rate towards the end of the year.

The seven-month average

inflation to date is still below the government’s 2-4 percent target of the central bank for 2015-18.

Since inflation rate has been rising in recent months, Tetangco said “this supports our vie w t hat mont hly inflation will creep to within target range, with full-year average just at or slightly below the lower bound for 2016.”

“The risks to the inflation outlook remain broadly the same – weaker global growth outlook counterbalanced by

steady domestic aggregate demand,” he said.

The central bank chief said monetar y officials “continue to be mindful for external developments particularly geopolitical risks that could trigger volatility in commodity prices and portfolio rebalancing.”

“Clos er to home we will monitor developments with respect to changes in weather patterns that could affect domestic supply chains,” he added.

Hurst...

Taganito...

Capital...

for His gift of forgiveness for living our own way. Then, ask Him to take charge of our new life so we can start living His right way every day for the rest of our life in this location, as well as forever with Him in our permanent location. So if your life ended today, do you know where you would relocate? Just Think a Minute…

the efficiency and adequacy of environmental protection measures of each mining operation, identify gaps in environmental protection, and determine appropriate violations of the mining and environmental laws.”

Aside from Taganito, other mining operations under audit in Surigao included SR Metals, Inc.,

Greenstone Resources Corporation, Claver Mineral Development Corporation, and Shenzhou.

The mine audit team is composed of representatives from DENR central and regional offices, the Mines and Geosciences Bureau, the Environmental Management Bureau and third party experts, among others.

The results of the audit will be submitted directly to the Office of the Secretary.

from page 4

from page 5

from page 5

require a combination of equity and debt. Clearly, if we do win, it would require us to finance some of these projects and use some internally generated funds as well.”

The conglomerate has 60,807,064 treasury shares left. To date, it has issued 48,589,739 shares of the 50 million shares authorized for sale last Aug. 28, 2014.

EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE DECEASED RICARDO B SALUNTAO WITH DEED OF ABSOLUTE SALE

DEED OF EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH WAIVER OF RIGHTS

KNOWN BY ALL MEN THESE PRESENTS this EXTRAJUDICIAL SETTLEMENT made and executed by and among the HEIRS OF RICARDO B. SALUNTAO, namely: 1. LOURDES P. SALUNTAO, of legal age, Filipino, widow, a resident of Igpit, Opol, Misamis , and the surviving wife of the deceased; 2. V INCENT P. SALUNTAO, of legal age, Filipino, single, a resident of Igpit, Opol, Misamis Oriental, and the surviving son of the deceased; That the above-named parties, all of legal age, are the legitimate wife and son and the sole/compulsory/surviving heirs of the deceased RICARDO B. SALUNTAO who died on April 24, 2006 in Cagayan de Oro City; That the deceased, RICARDO B. SALUNTAO, at the time of his death, is the owner of two (2) parcels of land and which are more particularly, Lot 5307-A-2B-1-E, Psd-10-034373, located in the Barrio of Igpit, Min. of Opol, Prov. of Misamis Oriental, Island of Mindanao, containing an area of THREE HUNDRED NINETY ONE (391) square meters or less, AND Lot 5307-A-2-B1-F, Psd 10-024656, located in the Barrio of Igpit, Min. of Opol, Prov. of Misamis Oriental, Island of Mindanao, containing an area of FOUR HUNDRED FIFTY (450) square meters, more or less declared in the HEIRS OF RICARDO B. SALUNTAO is the subject “EXTRA-JUDICIAL SETTLEMENT WITH DEED OF ABSOLUTE SALE”. Under Notary Public of ATTY. MARIO T. JUNI. Per Doc No. 422; Page No. 85; Book No. 194; Series of 2016.

KNOWN ALL MEN BY THESE PRESENTS: This Extra-Judicial Settlement, made and executed in Cagayan de Oro City by: THE HEIRS OF BENITO Jr. & EMILIA ASOMBRADO, namely: 1. M I L B E N M. ASOMBRADO, Filipino, of legal age, married, resident of #75 San Isidro Street, Golden Glow Village, Upper Carmen, Cagayan de Oro City; 2.

NEIL M. ASOMBRADO, Filipino, of legal age, married, resident of #285, Zone 9, Patag, Cagayan de Oro City; 3. M I L A N I E M. ASOMBRADO, Filipino, of legal age, married, resident of #285, Zone 9, Patag, Cagayan de Oro City; 4. M I C H A E L M. ASOMBRADO, Filipino, of legal age, married, resident of Rosa Sayson Village, Maningcol, Ozamis City, WITNESSETH THAT: the above named are the children and compulsory heirs of the late BENITO C. ASOMBRADO Jr. & EMILIA M. ASOMBRADO, who died intestate on February 27, 2004 inside Superferry 14 in the vicinity of Mariveles, Bataan and who at the time of their death, left a Parcel of Land known as Lot 9, Block 11, Psd-10-010426 situated in the Barrio of Patag, City of Cagayan de Oro, Island of Mindanao, containing an area of ONE HUNDRED THIRTY FOUR (134) SQUARE METERS, more or less, declared in the Heirs of the late BENITO C. ASOMBRADO Jr. & EMILIA M. ASOMBRADO, is the subject “DEED OF EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH WAIVER OF RIGHTS” Under Notary Public of CASIANO A. GAMOTIN, JR., per Doc. No. 1; Page No. I; Book No. 57; Series of 2016.

BWM: July 25, Aug. 1 & 8, 2016

BWM: Aug. 1, 8 & 15, 2016

7

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Warns... from page 1

many others to “submit their comment or answer, within 45 days” to the complaint lodged before it by human rights and environmental groups.

Their 65-page petition asked the CHR to direct the 47 carbon majors to share their plans on how climate change impacts can be prevented, mitigated or even remedied in the future. It also asked for recommendations on ways for the Philippines to track Filipino communities’ vulnerabilities to climate change.

According to the petitioners, the human rights violations or threats of violations that are the subject of their petition include the rights of Filipinos (a) to life; (b) to the highest attainable standard of physical and mental health; (c) to food; (d) to water; (e) to sanitation; (f) to adequate housing; (g) to selfdetermination; and (h) of those particularly likely to be affected by climate change, including (1) women; (2) children; (3) persons with disabilities; (4) those living in extreme poverty; (5) indigenous peoples; (6) displaced persons; and (7) workers; as well as the right of Filipinos to development Can’t Ignore Summons Lawyer Zelda Soriano, legal and political advisor at Greenpeace Southeast Asia and Anna Abad, Greenpeace SeA climate justice campaigner, said it would do good for the carbon majors to obey CHR’s order rather than face international financial, legal and other consequences.

“Ignoring the order is like the carbon majors ignoring its human rights responsibility — it may cause its own reputational and financial risks,” Soriano said in an SMS (text message). “[Not responding to the order] will be a public relations disaster for the companies. And it will be an opportunity for peoples and groups to ramp up the climate justice campaign,” Abad said in another text message.

According to them, ignoring the order is like ignoring the Philippine government itself since the CHR is a Constitutional body tasked to investigate “all forms of human rights violations involving [but not limited to] civil and political rights as well as socio-economic and cultural rights in the Philippines.”

Section 17 (1) of Article XIII of the 1987 Constitution states simply “There is hereby created an independent office called the Commission on Human Rights.”

As enumerated in Section 18, some of its powers and functions include the power to “investigate, on its own or on complaint by any party, all forms of human rights violations involving civil and political rights.”

Principle 11 of the United Nations 42-page Guiding Principles on Business and Human Rights states that “business enterprises should respect human rights.” This means that they should avoid infringing on the human rights of others and should address adverse human rights impacts with which they are involved.

“If the companies ignore or oppose the summons, then they are ignoring or opposing that responsibility — potentially an unreasonable and unpopular

business stand that can backfire to its reputation, license and profitability,” Soriano and Abad said in their joint email to this reporter.

Alsons... from page 1

full commercial operation April this year.

The Yokohama-based turnkey contractor will work together with its local subsidiary JGCP Philippines in advancing the project to construction phase and eventual completion.

The notice-to-proceed had been served to JGC July 14 this year, according to Joseph Nocos, vice president for business development of the Alsons Power Group.

During the deal’s signing ceremony, Alsons Chairman Tomas I. Alcantara symbolically painted the blank eyes of “goal doll” Daruma, patently “to signify the signatories’ commitment to the completion of Section 2 of the SEC power plant.”

It was stressed that “the other blank eye of the Daruma will be filled-in upon the completion of the project.”

Based on timelines set for the project, the second unit of the Sarangani plant is up for completion by April 2019.

The facility’s generated power will be wheeled and delivered to roughly 3.0 million consumer-residents in South Cotabato, Cagayan de Oro City and other growing population centers in Mindanao.

The two-unit power plant project had been funneled total investments of $570 million. It is part of the US$1.0-billion near-term power development ventures that the Alcantara group had cast on blueprint.

The company is similarly advancing to construction phase the proposed 105MW San Ramon coal-fired power facility in Zamboanga City to also serve the needs for capacity addition in that Mindanao economic corridor.

Hedcor... from page 1

mix after signing a renewable energy supply agreement (RESA) contract with the Manolo Fortich hydropower project of AboitizPower subsidiary Hedcor.

MOELCI-1, with a peak demand of 10-MW, provides power to the municipalities of Calamba and neighboring areas in Northern Mindanao. This is the third electric cooperative to secure a supply contract with the 68.8-MW Manolo Fortich run of river hydropower plant project under construction in Bukidnon. The project is set for completion in 2017.

“The development of this renewable energy source is promoting energy efficiency and clean energy and this will definitely boost the economic activity in our region and in the Mindanao region,” MOELCI-1 board president Rey Roger Villanueva said during the signing ceremony in Dipolog City on July 25.

Hedcor owns and operates 22 run-of-river hydropower plants all over the country.

Its power plants combine for around 185-MW of clean and renewable energy.

Hedcor vice president for Mindanao Operations Rolando Pacquiao said that

by aggressively amplifying their renewable portfolio, this shows Hedcor’s support of the Philippine National Renewable Energy Program that aims to triple the renewable energy capacity of the country by 2020.

“With this agreement, we have forged, 1000 kWh of clean and renewable energy will be coming into Misamis Occidental and a total of 68.8-MW of clean energy for Mindanao by 2017,” Pacquiao said.

In Mindanao alone, Hedcor operates nine run-of-river hydropower plants with a total capacity of 60-MW. “We thank MOELCI-1 for trusting us with their power supply so that together, we can participate actively in the growth in your region,” said AboitizPower Energy Sales First Vice President Rochel Donato Gloria.

Ruben Bonalos, the general manager of MOELCI-1, said continuing the partnership with AboitizPower, this time for renewable energy, will help their cooperative’s direction in ensuring the quality and reliability and affordability of their electric power supply to their customers.

Lopez... from page 1

team for the environment” who will do the job.

Lopez told a press conference at the Ateneo de Davao University (ADDU) that she would copy Duterte’s war on drugs and criminality for the environment but assured she will work within the bounds of the law.

She bared that she is set to sign a memorandum of agreement (MOA) on Monday

next week with Philippine National Police (PNP) chief Ronald dela Rosa, Armed Forces of the Philippines (AFP) chief of staff Lt. Gen. Ricardo Visaya, and Interior and Local Government Secretary Mike Sueño for a stricter implementation of environmental standards and monitoring of companies in the logging and mining industries.

“The MOA, in essence, commits that the police and the military will assist the DENR in the protecting the resources of the country, including the DILG. We will not allow any illegal activities that adversely affect the lives of the people,” she stressed.

Lopez said she would ensure to uphold the “rule of law and the common good” as she warned to close mining companies and punish illegal loggers who cause suffering to the people.

She put to task Peter Mutoc, a former chief of police at the Ninoy Aquino International Airport (NAIA), who she called as her “General Bato,” the moniker given to PNP chief Dela Rosa, to be the enforcing officer of the DENR’s Law Enforcement and Operations to ensure the cease and desist orders issued against erring companies are enforced.

Mutoc vowed to treat illegal loggers and miners just like the “drug pushers and miners.”

Lopez said they will review the environmental compliance certificate (ECC) to better keep the companies in check and to scrutinize more effectively if they have the capacity to meet the rules.

The DENR, she added, is also completing audit of both the metallic and non-metallic mining companies that will come

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL SUR 12th Judicial Region Branch 8 – Marawi City IN THE MATTER OF CANCELLATION SPL. PROC. NO. 2392-16 OF THE CERTIFICATE OF LIVE BIRTH OF JAMELAH RAMON H. SAID. JAMELAH RAMON H. SAID.

Petitioner, - VERSUS – THE ADMINISTRATOR AND CIVIL REGISTRAR GENERAL OF NATIONAL STATISTICS OFFICE, and THE CIVIL REGISTRAR OF MARAWI CITY, LANAO DEL SUR. X--------------------------------------------/ ORDER Petitioner filed the instant verified petition for cancellation of her Certificate of Live Birth alleging, among others: that she was born on May 11, 1978 at Bo. Sangkay, Marawi City, which birth was belatedly registered by the petitioner herself with the Office of Civil Registrar, Marawi City, under Registry No. 96-1917: that unknown to the petitioner, her birth was registered by her father with the same office under Registry No. 99-4938, which erroneously contained May 11, 1974 instead of May 11, 1978, which error was only discovered when the petitioner secured paper (Secpa) of her Certificate of Live Birth from the National Statistics Office.

Finding the petitioner sufficient in form and substance, set the hearing to September 7, 2016 at 8:30 in the morning at Hall of Justice, Marawi City and anybody interested party may show cause, if any, why the petition should not be granted.

Petitioner shall cause the Publication of this order in a newspaper of general circulation in Marawi City and/or Lanao del Sur once a week for three consecutive weeks.

Furnish copies hereof unto the petitioner, counsel, respondents and the Office of the Solicitor General.

out next month.

Leo Jasareno, head of DENR’s Mining Audit Team, said that they will immediately stop the operations if proven they fall short in complying with regulatory standards.

According to Jasareno, the mining audit is a comprehensive assessment upon which they base “final judgment” whether to close or suspend the mining firms.

“The audit is not just technical. The audit is also social kung may komunidad na nagdurusa, kung may nagkakasakit hindi pwede yan.

We are testing the water, the agriculture, the fishing kung palpak sila dyan, they are not

following the law,” Lopez said.

She said that she wants to see social justice for the Filipino people, most especially the Mindanawons.

“My definition of social justice in the context of environment is that the resources of Mindanao must necessarily be enjoyed by the people of Mindanao,” the secretary said.

Lopez added she would like to tap civil society organizations (CSOs) to help in the DENR’s environmental efforts.

“I don’t want DENR to be just a regulatory agency. I wanna work with the people of Mindanao such that their recourses can lead to their quality of life,” she said.

Republic of the Philippines SUPREME COURT REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE CLERK OF COURT AND EX-OFFICIO SHERIFF (HDMF) PAG-IBIG FUND Mortgagee,

EJF FILE No. 2016-298

-versus For: Extra-Judicial

Foreclosure Of Real Estate

Mortgage under Act 3135, as

Amended by Act No. 4118 ANECITO L. GALLENA married to ZENA MARIA L. GALLENA Mortgagors x-----------------------------------------/ NOTICE OF EXTRA JUDICIAL SALE EJF File No. 2016-298 “Upon extrajudicial petition for sale under Act No. 3135 as amended

by Act No. 4118, filed by (HDMF) PAG-IBIG FUND, against ANECITO L. GALLENA married to ZENA MARIA L. GALLENA, of Legal age, Filipino citizen, with postal address at LOT 5, BLOCK 3, GOLDEN EAGLE STREET, WOODLAND HEIGHTS, MCASANDIG, CAGAYAN DE ORO CITY to satisfy the mortgage indebtedness which amounts to SIX HUNDRED SIXTY FOUR THOUSAND SIX HUNDRED THIRTY FIVE PESOS & 97/100 (P664,635.97), inclusive of interest and penalty charges as of JUNE 6, 2016, the undersigned will sell at public auction on SEPTEMBER 2, 2016, at 10:00 A.M. to 4:00 P.M. AT THE REGIONAL TRIAL COURT, City Tourism Hall, Cagayan de Oro City to the highest bidder, for cash or manager’s check and in Philippine Currency, the following property described below including all existing improvements found thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-176416 LOT : Portion of Lot : As Surveyed for : Land Use : Location : Boundaries :

LOT 5, BLOCK -3, Psd-0-044328 2835-B, Psd-10-042804 Liberty Land Corporation (Woodland Heights) Residential Macasandig, Cagayan de Oro City NW., 3-4 by Road Lot, Psd-0-044328 NE., 4-1 by Lot 3, Block 3, Psd-10-044328 SE., 1-2 by Lot 6, Block 3, Psd-10-044328 SW., 2-3 by Lot 7, Block 3, Psd-10-044328

Beginning at a point marked “1” on plan, being S. 82 deg. 59 min.W., 174.19 m. from BBM No. 8, Cad. 237, Cagayan Cadastre, THENCE: 1-2 S. 70 deg.

31 min.

W., 12.00m.

2-3 N. 19 deg.

30 min.

W., 13.01m.

3-4 N. 70 deg.

31 min.

E., 12.00m.

4-1 S. 19 deg.

30 min.

E., 13.01m.

Area : One Hundred Fifty Six (156) Sq. m. more or less Bearing : True Description of Corners : All points are P. S. Cyclc. Conc. Mons.

15x50 cm.

Original Survey/ Date Approved : November 1926 Subdivision Survey : December 1-15, 2002 Date Approved : December 26, 2002 Geodetic Engineer : Fernando B. Gurrea *********** All sealed bids must be submitted to the undersigned on the above stated time and date.

In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication.

SO ORDERED.

Prospective buyers may investigate for themselves the title hereinabove described and encumbrances thereon, if any there be.

Marawi City, this 30th day of June, 2016.

BWM: Aug. 8, 15 & 22, 2016

(Sgd.) WENIDA B. M. PAPANDAYAN Acting Presiding Judge

Cagayan de Oro City, July 26, 2016.

BWM: Aug. 8, 15 & 22, 2016

(Sgd.) EFREN G. MACABAYA Sheriff IV

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BusinessWeek feature

MINDANAO www.businessweekmindanao.com

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Friday | August 8, 2016

Through the Years Brief History MASS SPECC Cooperative Development Center is the oldest and largest cooperative federation in the country.

Following the voluntary tradition of cooperative development, it started with mostly parish-based credit unions being organized in

different dioceses in Mindanao during the 1950s. On August 9, 1966, these credit unions organized the Southern Philippines Educational Cooperative Center (SPECC) in recognition of the importance of coop education in cooperative development. On January

Services MASS-SPECC’s services to its affiliate cooperatives have evolved over the years (Table 1). Right now, it has a Central Fund, which pools surplus funds of cooperatives for onlending to cooperatives with financing needs. It has an Information & Communication Technology Unit that provides software solutions and ATM services, and a Consultancy Unit that provides technical support and advice. This unit also hosts the Capacity Building Program for Cooperatives.

Its Education and Training services are managed by the Institute of Cooperative Studies (ICS), an integral unit of the federation that also includes the functions of Research and Communication. The latter function, in turn, launched in 2008, the Mindanaw Micro-Entrepreneur Award (MICMA), which gives recognition to coop members who are able to parlay their loans in the coops into productive enterprises that generate income and employment.

Table 1. Services of MASS SPECC

Map of Mindanao

12, 1973, leaders of SPECC organized the Mindanao Alliance of Self-Help Societies (MASS) to provide support services like audit, technical advice, and extension services as well as to represent their interest with the government and other stakeholders. Finally, in 1984, both secondary organizations merged into what is now known as the MASS-SPECC Cooperative Development Center.

Membership and Geographical Coverage To date, MASS-SPECC has 302 affiliate cooperatives operating in different parts

of Mindanao. The combined individual membership of the federation sums up to more than a million, owning altogether assets at an estimated value of 25 billion pesos (PhP25B).

As to type of cooperative, majority (59%) of its members are multi-purpose cooperatives, 38% are savings and credit cooperatives, while the rest are classified as service cooperatives. They are distributed in all the regions in Mindanao. (Figure 1).

Figure 1. Geographical Coverage of MASS SPECC

Development Advocacy for Marginalized Sectors In recent years, MASS-SPECC has been strengthening its advocacy role, guiding its affiliate cooperatives towards a common development agenda.

It has encouraged cooperatives to deepen their services to members and the community, in particular in addressing the needs of the marginalized sectors (i.e. farmers, fisherfolk, indigenous peoples, women, informal sector) so that members belonging to these sectors will not be left behind in the cooperative’s growth and the country’s economic progress. It has likewise mobilized cooperatives to put up a common fund for environmental protection

and quick response to natural disasters. Notably, its General Assembly in 2014 worked on the theme: Cooperating Out of Poverty, encouraging cooperatives to contribute more purposefully towards poverty reduction and inclusive economic growth.

Among the “action points” identified during the General Assembly were those focused on agriculture and agricultural development. These include programs encouraging cooperatives to provide more financial and technical support to farmers, particularly in sustainable agriculture (organic farming); facilitation of better marketing of farmers’

produce; enhancing farmerproducers’ participation in the value chain through institutional linkages; and centralized marketing of coop outputs for greater market presence and reach.

To this end, the Agri-based Enterprise Systems Program (AGRIBEST) was created.

Launched in 2014, AGRIBEST aims to promote sustainable communities through developing the farmers to become agri-entrepreneurs using the tested Catholic Relief Services (CRS) clustering approach for agro-enterprise development of small farmers.

The program is geared towards Climate Smart Agriculture

which considers the effects of climate change and unstable weather conditions on the Agricultural sector.

AGRIBEST is currently being pilot-tested in Region 10 by four different cooperatives, two of which are small and two are large per asset size.

Though independent of each other, the four cooperatives will form one cluster of cooperatives creating a valuechain. A value chain identified to offer a good chance for farmers to participate and gain in value adding activities is piggery in partnership with the business service provider, FEEDPRO (ProNatural Feed Corporation).

50 Years and Counting * spun –off services **subsidiary

On August 9, 2016 ends a yearlong celebration that started on August 7, 2015 of the 50th anniversary of the founding of MASS-SPECC.

The theme chosen for this special milestone is “50 Years of Growing Cooperatives into a Movement,” a tribute to the original thinking

of the organization that cooperatives are nothing but a movement of people who endeavour to develop themselves and their

communities, working well together and in so doing, are able to effectively contribute to the country’s economy and the Philippine society.

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Surging stock market an advantage Family’s Protection From Zika for SSS members eligible for Option to Sell Shares of Stocks Program

S

ocial S e c u r i t y System (SSS) members with overdue accounts for previous SSS loans used for investing in equities are urged to take advantage of recent stock market gains to settle their past due debt obligations through the SSS Option to Sell Shares of Stocks Program.

SSS Officer-in-Charge of Member Loans Department Esperanza E. Salvado said borrowers with delinquent accounts under t he previously-offered Stock Investment Loan Program (SILP) and Privatization Fund Loan Program (PFLP) should capitalize on the surging stock market.

“The stock market performance this year has been highly encouraging.

We call on delinquent SILP and PFLP borrowers to avail now of the Option to Sell Shares of Stocks Program to secure generous gains from u n load i ng t heir stock s.

More importantly, it helps stop their debt burden from further ballooning,” she said.

Launched in February 2015, the Option to Sell Shares of Stocks Program enables borrowers to sell

their stocks bought using their SILP and PFLP loans at the prevailing market pr ice as deter m i ned by an SSS-accredited stock broker.

The resulting proceeds, n e t o f t h e b r o k e r ’s com m i s sion, t a xe s a nd other fees, would be applied to the outstanding SILP or PFLP loan ba lance, and then to other delinquent member loans and housing loan, if any. Any excess amount from the sale of stocks would be refunded to the borrower.

“If the generated funds f rom t he sa le of stock s are inadequate to cover the overdue SILP or PFLP loan balance, the member c a n pay t he rema i n i ng amount in cash, or through d e duc t ion f rom s a l a r y loan renewal or from final benefit claims. But until the loan is fully paid, the usual monthly penalties and interest will apply,” Salvado explained.

Since the launch, the st ate-r u n pension f u nd ha s recorded a tot a l of 1,115 accounts that have benefited from the Option to Sel l Shares of Stocks Program as of the end of June 2016, while collections

from these overdue SILP and PFLP payments have reached P63.56 million.

“Howe ver, t here a re s t i l l ne a rly 7,70 0 SI L P and PFLP accounts that rema in u npa id. If t heir loans remain delinquent, the borrowers’ principal, penalties and interest would be deduc ted f rom t heir final benefit claims such as retirement, total disability or death,” Salvado noted.

Among the companies whose sha res of stock s a re held by SILP a nd PFLP borrowers include Jollibee Foods Corporation, Manila Electric Company, San Miguel Corporation, Philippine Long Distance Te l e p h o n e C o m p a n y, Globe Telecom, Pe t ron Corporation, Ayala Land a nd Union Ba n k of t he Philippines.

In the past, SSS members keen to invest in the stock market could borrow funds under the SILP, which was lau nched i n t he 198 0 s .

Meanwhile, the PFLP was introduced in 1994 to serve as the lending facility for SSS members interested to buy stocks during the initial public offering for Petron, which was t hen government-owned, as well

as to pu rchase Mera lco stocks previously held by the SSS. To avail of the program, interested borrowers should submit their application form along with the required supporting documents to any SSS branch or to the SILP Section of the MLD at the 11th Floor of the SSS Main Office in Diliman, Quezon City.

Supporting documents i n c lu d e t h e n o t a r i z e d Special Power of Attorney executed by the borrower aut hor i z i ng t he S S S to sell the shares of stocks; accomplished Broker Signature Cards; Customer Accou nt Informat ion Form; photocopy of t wo gover n ment-issued identification cards with picture and signature; and Statement of Account issued by the SILP Section.

D e s i g n a t e d representatives can submit the needed documents to the SSS as long as they have an authorization letter duly signed by the corresponding loan borrower. For more de t a i l s , b or rower s c a n contact the SILP Section of the SSS MLD at 435-9862 or 920-6401 local 5887 and 5915.

Zika, as we all know is spread by mosquitoes that can carry chikungunya and dengue virus. It could be dangerous knowing that these diseases have no vaccines to prevent you from having the virus. It is transferred to humans by mosquitoes carrying the disease. The thing that is challenging—people wouldn’t know which mosquito is carrying the virus because the physical appearance of a normal mosquito is the same as a mosquito carrying the virus.

The only sure way to prevent this from happening is by getting rid of all mosquitoes in your surroundings.

Mosquitoes can be found in and outside the house, it is best to make sure your home is mosquito free with Strike Multi-Insect Killer Spray.

Strike Multi-Insect Killer Spray is a fast-acting multi-insect killer that has a water-based formula which effectively kills mosquitoes and other insects. A clinical study shows that Strike Multi-Insect Killer Spray provides a fast insect knockdown – within 10 minutes all 50 mosquitoes under experimental set-up were immobile – mainly because of its triple action formula. Strike MultiInsect Killer Spray is also environment-friendly unlike other oil-based insect killers and it contains no

Chlorofluorocarbon (CFC), thus it is safe for people, pets and plants. It has a natural orange scent that will make your house smell good and leaves no stains on floor, glass and furniture surfaces.

Strike Multi-Insect Killer Spray is available at 300 mL can for SRP P136.75 and 600 mL can for SRP P258.75 at all SM supermarkets and other leading supermarkets nationwide! Strike also comes in other variants like Strike Coil, Strike Mat, Strike Liquid Mosquito Electric Repellent and Strike Patch for kids. Para iwas Dengue at Zika, Strike agad!

For more information about Strike, visit www. facebook.com/ATCStrike or call ATC Healthcare Customer Care at 805-5888 / 403-5888 / 743-5183 // 0909-3333333 / 09175623333.

Welcome Home to Cagayan de Oro! PCO Secretary

MARTIN ANDANAR

Warmest Felicitations from your colleagues in the Cagayan de Oro Media Community.

B3

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monday|august 8, 2016

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL SUR 12th Judicial region Branch 8 – Marawi City IN THE MATTER FOR CORRECTION OF ENTRY IN THE CERTIFICATE OF SPL. PROC. NO. 2384-16 LIVE BIRTH OF SAMERA RAMOS AMPATUA IN THE RECORDS OF THE LOCAL CIVIL REGISTRAR OF MARAWI CITY. SAMERA RAMOS AMPATUA, Petitioner,

- versus LOCAL CIVIL REGISTRAR OF MARAWI CITY, Respondent. x-------------------------------------------------------------/ ORDER Petitioner SAMERA RAMOS AMPATUA filed the verified petition for correction of entry in her Certificate of Live Birth filed with the Civil Registrar of Marawi City, which contained an erroneous entry with respect to gender where a mark “X” is filled corresponding to MALE entry instead of FEMALE which is supposed to be her true gender, which fact was only discovered when the petitioner secured a copy of her Certificate of Live Birth from National Statistics Office, Iligan City.

Finding the petition sufficient in form and substance, set the hearing on August 10, 2016 at 8:30 in the morning and anybody interested in the petition should show cause, if any why the petition should not be granted.

Petitioner must publish this Order in a newspaper of general circulation in Lanao del Sur once a week for three (3) consecutive weeks.

Furnish copies hereof unto the petitioner, counsel, respondents, and the Office of the Solicitor General.

SO ORDERED.

Marawi City, this 27th day of June, 2016.

(Sgd.) WENIDA B. M. PARANDAYAN Acting Presiding Judge

BWM: July 25, Aug. 1 & 8, 2016 Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region BRANCH 24 Cagayan de Oro City HOME DEVELOPMENT MUTUAL FUND, Mortgagee, -versus-

VALENTIN E. ACENAS,

Mortgagors. x---------------------------------------------------/

EJF FILE NO. 2016-342 FOR: EJF OF REAL ESTATE MORTGAGE UNDER ACT 3135

SHERIFF’S NOTICE OF SALE Upon extra-judicial petition for sale under ACT 3135 as amended filed by HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG), mortgagee, against VALENTIN E. ACENAS, single, mortgagors, resident of Lot 10,12,14,Block 7, CAMELLA HOMES SUBDIVISION, Upper Carmen, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of June 10,2016, amounts to (P 1,740,689.62) excluding penalties, charges, attorney’s fees and expenses of foreclosure, the undersigned Sheriff will sell at Public Auction on August 30,2016 at 9:00 A.M. or soon thereafter at the main entrance of the Tourism Hall, City Hall, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the properties with all its improvements to wit: TRANSFER CERTIFICATE OF TITLE NO. T-99234 A PARCEL OF LAND, Lot 14, Block 7, Psd-104305-017756, being a portion of Lot 3125, Cad-237, Cagayan Cadastre, situated in Barrio of Carmen, Cagayan de Oro City, Island of Mindanao. Containing an area of SIXTY (60) SQUARE METER MORE OR LESS. TRANSFER CERTIFICATE OF TITLE NO. T-99235 A PARCEL OF LAND (Lot 12, Block 7, Psd-104305-017756, being a portion of Lot 3125, Cad-237, Cagayan Cadastre), situated in Barrio of Carmen, Cagayan de Oro City, Island of Mindanao, Containing an area of SIXTY (60) SQUARE METERS MORE OR LESS. TRANSFER CERTIFICATE OF TITLE NO. T-99236 A PARCEL OF LAND (Lot 10, Block 7, Psd-104305-017756, being a portion of Lot 3125, Cad-237, Cagayan Cadastre, situated in Barrio of Carmen, Cagayan de Oro City, Island of Mindanao. Containing an area of SIXTY (60) SQUARE METERS MORE OR LESS. Prospective buyers may investigate for themselves, in the event of Auction Sale cannot take place for whatever legal reason the sale will proceed on the following day, without further notice, posting and publication, the title here in above describe and encumbrance thereon, if any there be.

Cagayan de Oro City, Philippines, July 29,2016

(Sgd.) TERESITO C. ESTENZO

Sheriff IV BWM: Aug. 8, 15 & 22, 2016

Till the lands for sustainable dev’t, says city exec

By Recthie T. Paculba

C A G AYA N D E O R O CITY – As the Higalaay Garden Show and Agri Fair opened on August 2, the city government of Cagayan de Oro encourages more individuals to take part in cultivating more lands for agriculture that will ensure the city’s sustainable development.

Cagayan de Oro City M a y o r O s c a r Mo r e n o stressed that in spite of

t he rapid urb anizat ion that is taking place in the city, the farmlands should not be forsaken since the sector contributes a lot in strengthening the city’s being the trading center of the region.

Moreno also hopes that the program will help in enhancing relationships between the farmers, fisher folks, city and national government.

Aside from holding the garden show and trade fair targeted to benefit farmer g roups and st rengt hen cooperatives that involve farmers’ organizations, the city government is also up for constructing farm-tomarket roads to entice more people to till the lands.

The Higalaay Garden Show and Agri Fair is held in Gaston Park and it showcases the agricultural products of the farmers’ organizations and the farming communities

of the city. It also displays the agriculture-related programs and projects of the local government.

The agriculture fair is aimed to serve as a venue for the farmers to earn extra income from the sale of their agricultural products. The Garden Show, which is also held in Duaw Kagay-an Park, exhibits garden plants and landscaping artistry from the local and Mindanaobased gardeners and plant enthusiasts.(RTP/PIA10)

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Monday|august 8, 2016