BusinessWeek M I N DA N A O CREDIBLE
Volume VIII, No. 75
Market Indicators FOREX
PHISIX
US$1 = P50.35
8,291.88
16 cents
69.81
RELIABLE
X
points
Briefly Sweet spot THE Philippines remains a sweet spot for investors, government officials and company executives said during the Euromoney Philippine Investment Forum Monday. Bangko Sentral ng Pilipinas (BSP) Governor Nestor Espenilla Jr. said the country is still an attractive investment destination since the economic outlook remains strong with capital markets being deepened and developed, programs to improve infrastructure, and expansion of trade and industries. Espenilla said the government is on track to hit its 6.5-percent gross domestic product growth goal for this year, while 7.0 to 8.0 percent economic growth in the medium term is expected. “The Philippines today offers viable investment opportunities,” he noted.
IN-DEPTH
Friday | December 1, 2017
By CARMELITO Q. FRANCISCO, Correspondent
D
AVAO City — The Davao City Chamber of Commerce and Industry, Inc. (DCCCII) said businesses should start planning for expansion to keep up with outside investors and the projected growth of Metro Davao, following the award of a master planning contract for the “Metro Davao” area. DCCCII President Ronald C. Go, in a statement, said business with a longstanding stake in the city, should look at how they can grow given the upbeat economic mood
for the Davao Region. “We need to seize the opportunities as even outsiders have come to the city to invest,” Mr. Go said, referring to both local and
foreign investors. He said one growth avenue is partnering with the new entrants, citing as an example Japanese investors who are studying joint venture agreements with local partners following the Davao City government’s trade mission to four Japanese cities in October. “Let us not wait for others to leave us behind, let us move faster,” he said. Urban planner Felino A. Palafox, Jr. of Palafox Associates has been tapped to lead the development of growth/PAGE 10
P15.00
MARAWI IDPs. Marawi IDPs sell their vegetable produce inside Xavier University’s main campus in Cagayan de Oro City. The displaced entrepreneurs were allowed to display their goods as part of the yearly Xavier Festival Days. photo by mark doña francisco
Real estate boom blamed for traffic congestion: study By ANTONIO L. COLINA IV, MindaNews
Banana output BANANA industry output is recovering to near 2012 levels, and growers believe they may be in position to compete again in traditional export markets with some help from the government in negotiating lower tariffs. “We are recovering in volume production. No estimates yet but I believe it will be higher than last year,” Pilipino Banana Growers and Exporters Association, Inc. (PBGEA) Executive Director Stephen A. Antig said in an e-mail interview. Mr. Antig noted that the industry has been losing ground since 2012 as banana producers in Latin America have been encroaching into traditional markets such as Japan, China, South Korea, New Zealand and the Middle East.
Butuan-Cagayan de Oro-Iligan Rd, Lapasan Highway, Cagayan de Oro
Brace for rapid growth, local businesses told www.businessweekmindanao.com
As of 5:40 pm November 28, 2017 (tuesday)
X
YOUR Mindanao-wide BUSINESS paper
ACROSS GENERATIONS. Ralph Mattew Dilan, 5, and his group Kagten: The Beauty of Blaan Performing Arts from Malungon, perform at the 4th Indigenous Peoples Congress on IP Day adn Munato Festival celebration at the Capitol Grounds on November 29 in Alabel, Sarangani. The children learn the dance steps from their parents and pass on this tradition to the next generation. photo by jake narte - donna mahusay / sarangani communications service
Senate okays 2018 national budget THE Senate on Wednesday night unanimously approved on third and final reading its version of the proposed 2018 national budget worth P3.767 trillion. It was approved with 16 votes in the affirmative and zero in the negative. Senator Loren Legarda, chair of the S enate Commitee on Finance, budget/PAGE 10
Alsons bare partnership for Mindanao power projects
DAVAO City -- Majority of Dabawenyos pointed to the booming construction industry as the major cause of traffic congestion in the city but many of them also believe it is a “necessary sacrifice,” results of the survey conducted by the Institute of Popular Opinion (IPO) showed. The study, conducted on 1,200 people from October 11 to 21, showed 81 percent of the public believe the sprouting development is more than the city’s ability to absorb, which causes congestion along roads.
“In effect, it affected road use and worsened the traffic situation,” it added. At le ast ha lf of t he Dabawenyos believe that public convenience is factored in with regard to the new infrastructure projects as they deemed that these are “for their use, and that their inconvenience is one thing that they can personally absorb.” S eventy-f ive percent blamed the growing number of vehicles and the behavior of the riding public for the traffic congestion. blamed/PAGE 10
By LESLIE GATPOLINTAN, PNA
LISTED Alsons Consolidated R e s o u r c e s I n c . ( AC R ) o n We d n e s d ay s a i d i t has formally started its partnership with Global Business Power Corporation (GBP) to undertake energy and power projects through Mindanao power generation holding company, Alsons T he r ma l E ne rg y C or p.
(ATEC). The two companies signed a shareholders’ agreement this month wherein GBP, the leading power producer in the Visayas, will have a 50-percent stake in ATEC, the holding company for ACR’s baseload coal-fired power plant assets. power/PAGE 10
CALAMANSI. A farmer carries a crate full of “calamansi” to be transferred into a net sack at Patrocinio, Sta. Josefa, Agusan del Sur. A net sack of calamansi that weighs 25 kilos fetch a price of P300.00 each. photo by jun ayensa
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776
2
DOST: Make communities safer, resilient to disasters WE cannot do away with hazards, but we can prepare and respond to them more appropriately. We need to have everyone involved and we need to help the people imagine possible disasters that can happen if we do not do anything. Science and Technology Undersecretary for Disaster Risk Reduction and Climate Change and Philippine Institute of Volcanology and Seismology (PHIVOLCS) Executive Director Renato U. Solidum Jr, in his message during the 1st National Conference on Disaster Preparedness and Resiliency held in Cagayan de Oro, said disaster preparedness and
resiliency is achieved by having a collective action, guided by science-based scenarios and solutions. Disaster preparedness and resiliency means actions. Thus, he urged everyone to make the communities, businesses and the country safer and resilient to disasters. Solidum said that the Philippines, being located at the western side of the Pacific Ocean, is a country exposed to various natural hazards as it is part of the Tropical Cyclone Belt and the Pacific Ring of Fire. He also said that because of the large population and frequently visited by natural hazards, the Philippines was ranked resilient/PAGE 11
Economy
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
friday|december 1, 2017
Davao councilor proposes condoms in vendo machines DAVAO City -- The Davao City Council is looking into the possibility of including condoms in the vendo machines inside public restrooms. This was revealed by Councilor Mary Joselle Villafuerte, chair of the City Council Committee on Health. “I will study the matter and consult an expert, especially that Davao City is included in the top 10 list of cities with highest HIV cases in the country. Other countries already have condoms in public restrooms, so that if the
need arises, you can have an easy access,” said Villafuerte, a medical doctor. She added easy access to condoms could eliminate the risk of acquiring HIV. “I will have to study on it and consult my colleagues and probably pursue it,” she said. From January to June this year, 230 people tested positive for HIV and undergoing treatment at the Reproductive Health and Wellness Center (RHWC) under the city government.
Villafuerte said that the city needs new strategies to help lessen the chances of acquiring the virus. On December 1, the City Health Office together with Dr. Emmanuel Baja of the University of Mindanao will launch a game app which will advocate awareness of HIV. “The game has a story which will tackle on the different things that you can do if you tested positive for HIV. This will teach you that life doesn’t end there,” Baja said. The game, named
Battle in the Blood, has 90 levels. Each level will help people understand about HIV and what you can do to stay healthy. The game also has different stories about the different ways of acquiring the virus such as same sex relationships, mother and child transmission and more. “This game app is a new strategy that opens our hopes of probably lowering the number of those people who acquires the virus,” Villafuerte said. (Funny Pearl Gajunera/PNA)
RPN Radyo Ronda Stations Nationwide
CNN Philippines Stations Nationwide CNN Philippines TV-9 Manila CNN Philippines TV-12 Baguio CNN Philippines TV-12 Dagupan CNN Philippines TV-26 Tarlac CNN Philippines TV-10 Iriga CNN Philippines TV-4 Iloilo
CNN Philippines TV-8 Bacolod CNN Philippines TV-9 Cebu CNN Philippines TV-5 Cag. de Oro CNN Philippines TV-5 Zamboanga CNN Philippines TV-7 GenSan CNN Philippines TV-9 Davao
DZBS 1368 Baguio DZRL 639 Batac DZTG 621 Tuguegarao DZKI 1332 Iriga DYKW 936 Binalbagan DYKB 1404 Bacolod DYKC 675 Cebu DXKO 1368 Cagayan de Oro DXKS 1080 Surigao DXKD 1053 Dipolog DXKP 1377 Pagadian DXXX 1008 Zamboanga DXKT 1071 Davao DXDX 693 General Santos
A total of 400 teachers from the City Schools Division of Cagayan de Oro participated in Dugong Bombo last Saturday at Limketkai Atrium. photo by mark francisco
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
friday|december 1, 2017
3
4
Opinion
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
friday|december 1, 2017
Good reason to be jolly
HOTLINE 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
Joe felicilda
Vice President for Administration
JOHN AARON M. DEL BANDO
Vice President for Events and Promotions
joe palabao
Vice President for Marketing
NELSON CONSTANTINO Editor-in-Chief
gilbert y. chao Motoring Editor
JUN AYENSA
Regional Editor - Caraga
Cris diaz ATTY. antonio s. soriano mike baños 2f, ICS Building BONG FABE Tel.No.: 881-0176 Uriel quilinguing Tiano cor. Montalvan sts. Contributing Editors Legal Counsel CLIFFORD SANTILLAN Layout Artist
ATTY. MARIO T. JUNI
ABEGAIL BAYNOSA Sandra encoY
Juni Law Office Cruz Taal St., CDO Legal Counsel
Cell No: 09352379999
Advertising
Ruffy magbanua THERE is a fine, good reason to be jolly these days despite the unending political squabbles, threats of terrorism , insurgency, drug war, plus the lies and deceptions we see and hear among our leaders of the land. According to the latest World Bank year-end report, the country has catch up
Member: Philippine Press Institute Oro Chamber
Mama’s boys think a minute
jhan tiafau hurst Think a minute…In 1946, the United States Army showed to the public its brand new 30-ton computer called the ENIAC. All the credit for this invention was given to 2 men, John Mauchly and J. Eckert. But it was actually a group of 6 women who programmed the computer and made this complex machine work. None of those 6 women were recognized for their amazing work and achievement. Not until today, have historians showed this injustice and given these women the credit they earned. Sadly, throughout history women and mothers have often not been given the honor and recognition they deserve. Yet the great French leader and conqueror, Napolean, said: “The future of a child is usually the work of the mother.” And history proves it! In fact, many of the greatest men and leaders
of the world have proudly admitted that they became strong men because of their mothers’ teaching and example. They were proud to be “mama’s boys!” Some of these great men were American Presidents, including George Washington, Abraham Lincoln, Teddy Roosevelt, Franklin Delano Roosevelt, Dwight D. Eisenhower, John F. Kennedy, Jimmy Carter, and we could go on and on. George Washington, the first President of the United States said: “All that I am I owe to my mother…I credit all of my success in life to the moral and intellectual training I received from her.” It’s clear throughout history that women and mothers are some of the most important, powerful people in the world. Proving true the saying: “The hand that rocks the cradle is the hand that rules the world.” Jesus Christ Himself clearly showed that women are just as important to God as men. So won’t you ask your Maker to help you see and value yourself the same way He does? Then, whether you’re a woman or a man, ask Jesus to forgive and help you change so you will start showing honor and respect to your mother, or wife, by the way you treat her. Just Think a Minute…
Our sincerest apology to American singer-songwriter Julie Gold who penned this meaningful song in the 80s for the revision. Now listen to this: From a distance, we can hear different voices trying to outdo each other, promising the moon and the stars, the good life of every man. From a distance, the color of politics looks blue and green, yellow and even maroon, like rainbow in the open, infinite sky. From a distance, the ocean of deceit meets the stream of promises and the eagle takes the daring flight, flying through the scattered islands thirsty of lasting peace, unity and progress. From a distance, here is the supposed harmony as
it echoes through the land, and there is a possibility of hope, a voice of peace, and the voice of every man on the street -- heard and justified throughout the land. From a distance, we all have enough drug wars , and no one is anymore in need. No more guns, no more bombs in Marawi and diseases among the IDPs, and perhaps no more hungry mouths to feed. From a distance, we are all instruments of peace as the world looks upon us in blue and green, in white and red -- all colors of peace and development. From a distance, dear Uncle Sam in the person of Trump, in snow-capped mountains white garb keeps watching over us, laying songs jolly/PAGE 11
Lady lawyer at Calamba RTC serves well Kakampi mo ang batas
manila office: 9th Floor, Unit 918, CityLand Herrera VA Rufino Cor. Valero St., Salcedo Village, Makati City Tel. # : 5555392,Cell No.: 0977-152-8860 lani vallido-Marketing Manager
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. 2017-02942. Tel. Nos.: (088)856-3344, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com
i n t e r m s of e c on om i c growth , now reportedly the fastest growing economy in Southeast Asia. This good news has started brewing as the second year of President Duterte’s six-year term come to a close by May 2018. And ‘tis a season again of flirting, as local hopefuls brace the scorching political climate this early, bringing false hopes, broken promises and sour dreams to the lowly electorate in every corner of the land. This brings us to connect to a spotify favorite ‘From A Distance’ popularized by Bette Midler. The lyrics are exact reflections of our unique peculiarities as a people so obsessed with politics.
Batas Mauricio LIFE’S INSPIRATIONS: “… I know your deeds, your love and faith, your service and perseverance, and that you are now doing more than you did at first…” (Revelation 2:19, the Holy Bible). -ooo AT T Y. A B I G A I L P. C A S T R O Z A PATA O F CALAMBA RTC, SERVING E X C E P T I O NA L LY: I n fairness, dear readers of this column, we cannot deny that there are still a lot of workers in government who are truly exceptional in the discharge of their duties
and responsibilities, even if many of their colleagues are wantonly and shamelessly engaged in various wrongdoings or anomalies whenever opportunities to steal and abuse present itself to them. One such exceptional government worker is lawyer Abigail P. Castro Zapata, the deputy clerk of the Calamba City Regional Trial Court, Office of the Clerk of Court. From what I have seen and experienced, Abigail is greatly worthy of her position, and of being promoted in her work, or to be installed as a fiscal or prosecutor, or even as a judge or justice in the judiciary. The reason is that, she has a heart that eagerly responds to people who write to her office to ask for assistance, even if helping others would mean spending her own money in the process. This was what she showed in response to a letter I sent her involving a man who
wanted to verify if he had cases with the Calamba City Regional Trial Court. -ooo SERVING THE GOV’T WITH A GOOD HEART AND LOYALTY: To my great amazement, Abigail answered and wrote back to me, and disclosed what she came across with, in her search for the man’s records. She saw that the man has eight criminal cases that are all pending in one branch of the Calamba City Regional Trial Court. What stumped me more was that, Abigail likewise decided to be the one to shoulder the fees for the required certification fee and other fees necessary so the certification about the man’s cases could be officially released by the Calamba court. I was floored by what she did, because as someone whose help was merely sought, she even went one step further and showed compassion by using her own
money to help a complete stranger. That led me to thinking: if only all government workers, from the President down to the lowliest janitor, would approximate just a little of Abigail’s heart for service, dealing with government with be a lot more pleasant, with graft and corruption being relegated to the background tremendously. -ooo BLESSINGS, GUIDANCE, AND PROTECTION TO THOSE WHO SERVE WELL: I tried to think of a way to thank her. What I did was, I wrote again to her, furnishing copies of this second letter to the Office of the Court Administrator of the Supreme Court, the Office of the Clerk of Court and the Executive Judge of the Calamba City Regional Trial Court. Here are some parts of my letter, translated to English: “Indeed, we are truly awed and happy that there are still lawyer/PAGE 11
Presenting the living Christ hints and traces
roy cimagala This, to me, is one of the big cha l le nge s a pr iest faces in carrying out his ministry. He has to strive to present to those he is tasked to shepherd, the living Christ himself, and not just a Christ that is constructed by some nice words and ideas. As priest, he is already sacramentally conformed to Christ as head of the Church. It is now his concern that the sacramental Christ in him be transformed into the living Christ -obviously with the constant help of
God’s grace. Otherwise, he will just be an empty suit, a mere doll or ghost. He has to adapt t he ver y mind and heart of Christ, his sentiments, his mission and concerns. He has to have the appropriate lifestyle. As the sacramental image of Christ as head of the Church, a priest has to act like a mediator, a bridge that connects two ends -God and men. He therefore has to be identified with both God and men, a neverending task that requires grace and everything that a priest can do. Like Christ, he has to have the mind of God and assume the conditions of men, since this is the very heart of Christ. This, of course, can be hard and very demanding, but it is not impossible. With training and determined effort, this can be done. On God’s part, his grace is never lacking. In fact, it is poured out
abundantly. The priest should be constantly aware of who he radically is and what he is supposed to do. His priesthood is not only a title or a suit that he can wear from time to time and take off at other times. He is a priest all the time and, in fact, forever, in Christ. This will require a certain self-emptying, akin to what Christ himself did in order to carry out his mission here on earth. That is why the priestly virtue of poverty and detachment is indispensable. The priest should avoid getting spoiled by privileges and entitlements that can easily enter his life due to his position in society. Without poverty, there’s no way he can be another Christ as priest. Without it, we can again hear Christ’s reproach to the rich man: “It is easier for a camel to enter the eye of a needle than for a rich man to enter
the Kingdom of God.” (Mt 19,24) If all Christians have t o b e “a l t e r C h r i s t u s” (another Christ), if not “ipse Christus” (Christ himself ), then this is more so with respect to priests who are meant to pastorally nourish t h e C h r i s t i an f ait h f u l . Ever ything in the priest should somehow reflect the presence and redemptive action of Christ. Nothing in his should be extraneous to that ministry. Christ himself told his ap ost les, “Who e ver listens to you listens to me; whoever rejects you rejects me; but whoever rejects me rejects him who sent me.” (Lk 10,16) The priest should learn how to blend the highly mysterious and supernatural character of his priestly identity with his human and natural condition. This, certainly, will involve some effort, adjustments and presenting/PAGE 11
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
friday|december 1, 2017
5
6
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
friday|december 1, 2017
Hey Sugar to open at Centrio GET set for your smoothest skin ever as Hey Sugar’s expert aestheticians share important waxing tips as it opens its newest branch in Centrio Mall, Cagayan de Oro. You’ve taken the time to make sure you only go to experts, made sure they only use the best, highest quality, all-organic natural ingredients, might as well take the time to learn about what it takes to care for your post-waxed skin. Here are a few insider secrets straight from the aestheticians of the go-to destination for all-natural, sugar
waxing—Hey Sugar! • Skip the lotion on the day of your appointment. For best results, we’ll need clean, dry skin. • Stop shaving at least two weeks before your appointment. Hair needs to be long enough to lie flat on your skin. Those who shave typically have hair grow back uneven, which makes removing hair using wax difficult. • Give your skin some breathing time after you wax. Your skin will be exposed and sensitive. • Avoid the sun after a wax. So don’t schedule your
appointment on the day before you leave for the beach. • In general, avoid exposure to extreme
heat, including saunas, steam rooms and hot showers. Go for cold water post waxing.
Xavier Philharmonia artistic director Melissa Kristina Marie Macapelit performs together with Anneh Pearl Cuerquis on piano last November 15 at Xavier University Little Theater in Cagayan de Oro City. photo by mark francisco
• Don’t wear tight clothing after an appointment, particularly synthetic lycra you usually wear as workout clothes, which also means this is your best excuse to skip the gym. • Begin exfoliating a couple days after waxing to make sure that you prevent ingrown hairs. If you have any questions, just ask your Hey Sugar! aesthetician. They’ll be more than happy to answer any concerns that you may have. You can trust that Hey Sugar will make your waxing experience
healthier and more comfortable because they only use 100%naturally hypoallergenic sugar wax that minimizes side effects such as allergic reactions and chemical irritations caused by traditional wax. With this, you’ll get a gentler but no less effective way to keep your skin smooth and hair-free. Drop by Hey Sugar! located at the 2nd level of Centrio Mall and expect a clean and inviting waxing haven and leave it all to the hands of expert aestheticians trained to deliver the best sugar waxing services. PR
Tapa King CDO celebrates 2 Photos by MARK FRANCISCO
TAPA King Inc. celebrated its 2nd year anniversary as the restaurant of choice for home-cooked meals. Since it’s opening in 2015, Tapa King continues to advance its presence in Cagayan De Oro – This time to be the top-of-mind choice for home-cooked meals offering not only the best premium tapa meal in the country but a variety of old time Pinoy favorites such as KareKare, Bulalo, Pinakbet, Smoked Bangus, Crispy Liempo and a lot more at a very affordable price. Said Tapa King Marketing Manager, Rich Rabina, “Celebrating our 2nd year anniversary is just perfect timing to re-introduce Tapa King to the growing millennial foodie market
of Cagayan De Oro: Our store is now Instagram worthy; we now offer Free Wifi Access; we are open 24 hours every Friday to Sunday and 6:00AM to 1:00AM from Monday to Thursday and a true blooded Mindanaon, Baste Duterte now represents Tapa King” Sebastin “Baste” Duterte the New Tapa King Endorser In today’s overlystaged, filtered, and
curated world, Tapa King stands out by being one of the few remaining places where people can just be themselves, and eat as if they were home. “Baste has authentic Filipino grit, the kind who eats without pretenses. What you see is what you get with him, which is essentially what we are.” said Ms. Rabina. Home-cooked Legacy Tapa King’s original tapa recipe has been around for years. What
began in 1987as a humble intent to provide classic home-style Pinoy favorites along Gallardo Street in Makati, Tapa King has now grown into a well-known provider of pure meal goodness with over one hundred branches from Luzon to Mindanao, four of which are located abroad (Three in Dubai and one in Singapore). Tapa King prides itself in serving meals from a menu of delectable Pinoy favorites. Whether you’re up for a Bulalo as a recovery food in the middle of the night, a classic Tapa King for breakfast, pork sinigang for lunch or Tapacanton for merienda, Tapa King can bring you what you crave for and more anytime, any day. PR
Cozy sizzles up your music satisfaction Story by MARK FRANCISCO
WANT to experience live lounge yet laidback music? That’s what Cozy is all about. This newlyformed acoustic band will definitely dazzle and enliven up your party – whether it’s daytime or evening time. “We named our group exactly that because we don’t stick to one genre. We can be diversifying according to what our viewers expect in our live performances,” said female vocalist Kyle Bernido. Indeed the public won’t be disappointed. At only 17, Bernido is a multi-talented artist. Aside from being a
vocalist, she is also a member of a local allfemale sexy dance act, Ladies Vibes. Of course, her vocal prowess is without question. She was a daily winner in the popular TV show Tawag ng Tanghalan last October. Prior to that, she was a top six finalist under Team Sarah in The Voice Philippines’ first season in 2014. Her male vocal counterpart and guitarist in Cozy, Clyde Aquino, can also pull off an accolade – he was once the vocalist of the national award-winning band Nobela in 2016. Capping up the trio is guitarist Jerson
Pagapulaan. Even though the band is still two months old, Aquino said he already has composed two original tracks. While they are still in the process of recording their compositions,
Cozy is very dynamic in pulling off various covers of just about any genre. Catch Cozy every weekend at Subamos Bar and Restaurant inside Sports Zone, Tomas Saco, CDO.
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
friday|december 1, 2017
7
Banking&Finance OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY
A PUBLIC SERVICE BY:
BSP cuts 28-day TDF offering
T
HE Bangko Sentral ng Pilipinas (BSP) has cut to P40 billion the offering for its 28-day Term Deposit Facility (TDF) for the Dec. 6, 2017 auction from the previous P90 billion offering after the government was able to sell more than P100 billion worth of retail treasury bond (RTB) last week alone. During the rate setting auction for the RTB last Nov. 20, the Bureau of the Treasury (BTr) auction committee accepted P130 billion worth of tenders, way higher than the P30 billion initial offering due to strong demand. Offering for the debt paper, intended for small investors since minimum placement
is P5,000, is until Wednesday this week, Nov. 29. BSP Deputy Governor Diwa Guinigundo clarified that the cut in the 28day TDF offering next week has been “on the table” and does not mean that monetary officials now consider that domestic liquidity is tightening. “It’s something that we consider moving forward,” he said. Guinigundo said that while the BTr was able to get more than P100 billion from the RTB sale “that will be deposited with the BSP and depending on their needs, that will have to be disbursed which means that liquidity will also move out of the BSP and that can be used again by the
system.” “One should be very careful when we say that because the Treasury was able to get more than PHP30 billion, the market becomes tight. It will still move out of the BSP once the government starts funding its various projects or even to settle some of their payables. There will be liquidity going around the system,” he said. “Changes in the volume offering either for the seven days or 28 days is something that can be announced one week before the actual offering. We need to be marketbased depending on the liquidity forecast of the BSP,” he added. In this week’s auction, the 28-day facility attracted P43.376
billion tenders, lower than the P90 billion offering but higher than the P40.361 billion bids in last week’s auction. The auction committee accepted all the bids. Rate of this tenor fell to 3.4920 percent from last week’s 3.4926 percent but bid coverage ratio improved to 0.5042 from last week’s 0.4485. Rate of the sevenday facility also went down to 3.4005 percent from last week’s 3.4057 percent. Bid coverage ratio also declined to 0.9338 from 1.3104 after bids amounted to P 37.351 billion. While offering for the 28-day facility for next week was cut to PHP40 billion offering for the seven-day facility was maintained at P40 billion. (PNA)
DBS economist predicts hike in BSP rates by end-’18 AN economist of financial giant DBS Bank Ltd. forecasts a total of 100 basis points increase in the Bangko Sentral ng Pilipinas’ (BSP) key rates until end-2018 as domestic growth remains strong and global interest rates are expected to be on an uptrend. In a research note, DBS Bank Ltd. Group Research economist Gundy Cahyadi also cited that “excessively weak peso may not be in the best interest of the economy”, thus, the 25 basis points increase projection before end2017. BSP’s policy-making Monetary Board (MB) will have its eighth rate
setting meeting for this year on Dec. 14 and forecasts vary, but most project the Board to start tightening rates in December given the sustained rise of domestic inflation. Gundy forecasts the November 2017 inflation to remain at 3.5 percent, same as last October’s level. As of end-October, rate of price increases averaged at 3.2 percent, in line with the central bank’s average inflation rate projection for the year and within the government’s two to four percent target. The DBS economist said the domestic economy’s growth momentum “especially
investment, remains relatively strong.” He said the government’s expansionary fiscal policy is among the major drivers for this development, citing the 20 percent increase in loans extended by commercial banks in the third quarter of the year alone and the 8.3 percent year-on-year growth of government consumption during the same period. He, however, pointed out that “as the government aims to gradually raise its infrastructure spending to five percent of GDP (gross domestic product), all eyes are on the implementation
of the government’s tax reform plans, which are still to be approved by the Senate.” The Senate, on Tuesday night, approved on third and final reading its version of the proposed tax reform program and the measure is now ready for deliberation by the Bicameral Conference Committee. “The implication on policy is quite clear, in our view. We expect the Bangko Sentral ng Pilipinas (BSP) to hike rates by 100bps by the end of next year. The investment-led growth is set to continue driving strong import growth going forward,” Gundy added. (PNA)
AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274
METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057
ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893
METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162
BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075
METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721
BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637
METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924
BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796
METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731
BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405
METRO BANK- GAISANO 8561720
BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN
CM Recto Ave. Lapasan, Cdoc, 8563991/727731
BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819
PBCOM Tiano-HayesSt. Cdoc | 726519/8571558 PLANTERS DEVELOPMENT BANK
Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723
PNB- LKK MALL NORTH CONCOURSE
LKK Mall N.Concourse Cdoc 8574149/8575682
PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.
#58 Tiano FernandezSt.CDO 727215/ 8563552 *805
SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774 SECURITY BANK- LKK Limketkai | 8801258/8801625
EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081
SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632
EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331
STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168
ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415
UCPB BANK- LAPASAN Osmeña Corner Lkk Drive, Cdoc 85771842/ 725135 UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527 UCPB BANK SAVINGS-CAPISTRANO
Capistrano Corner CruzTaal St. CDO 8524099/722695
UCPB BANK SAVINGS- OPOL Gf forever Books Bldg.Bulua National CDO 754519/8588063 UNION BANK Lapasan Cm.Recto Cdoc | 8566847/8563805 WEALTHBANK Velez Gomez St. Cdoc | 8568942/722174 1ST VALLEY BANK Vamenta Blvd. CornerLirio St. Carmen, Cdoc 8501871/ 8584146 OROBANKERS CLUB Inc. Pnb Carmen | 09151850242
8
Billboard
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
friday|december 1, 2017
Maramag coffee producers earn big, win big with DOST Coffee producers in Bukidnon used to struggle reaching buyers. Now, the DOST-assisted enterprise Kape Maramag is their globally competitive ally for smooth-flowing income.
K
ape Maramag is all about big earnings and high scores these days. Not only is it making Php 40,000 to 60,000 a month, it also won in the internationally judged Kape Pilipino (KP) Green Coffee Quality Competition last March, scoring a whopping 83.75 out of a hundred. But before the numbers came rolling in, the coffee farmers in Maramag, Bukidnon were struggling for years in selling their produce. What sparked their inspiring progress
was an initiative to organize, supported by agencies such as the Department of Science and Technology (DOST). Cream of the coffee crop A Robusta coffee with dark chocolate and floral notes – that’s how international judges described Kape Maramag during the coffee quality contest held in Cavite. With this richness, it’s hardly any wonder that the product topped the Robusta category in the national competition. The product’s score of 83.75 also raised Kape
Maramag to Specialty Grade, pushing it to a high-demand global market. Following their national breakthrough, the Kape Maramag team, led by its president Imelda Paulican-Mendoza, joined the Philippine delegation to the Global Specialty Coffee Expo in Seattle, Washington just this April. It was a remarkable international debut for Philippine coffee, prompting enthusiasts to conclude that Bukidnon coffee is truly ready for the world.
All the while, the Kape Maramag enterprise in Maramag, Bukidnon has been consistently grinding up some lavish results. “We used to have monthly sales of just Php 20,000,” recalls Mendoza.
“These days, that goes up to Php 40,000 to Php 60,000 a month.” A win-win enterprise Kape Maramag may be a star in the Philippine coffee industry, but the true beauty of this
‘I Am Mindanao’ holds 6th mobile exhibit
With its goal to increase the awareness and engagement of young people, particularly the junior high school students, in peacerelated activities, “I Am Mindanao” movement joined the “Oneday Peace Activity” spearheaded by the students and faculty of Assumption Montessori School (AMS) and Holy Trinity Montessori School (HTMS), and held its 6th mobile exhibit at the AMS campus in Balulang on November 11. “While this activity is called a “One-Day Peace Activity,” I hope everyone would realize that peace is something that should be practiced every day,” Engr Jory Alfaro, director of the two schools, said in his opening remarks as he thanked the “I Am Mindanao” team for partnering with them and help make the event a reality. During the program, select students were also asked to share their experience getting along with their classmates
PEACE EDUCATION. “I Am Mindanao” movement joins the “One-day Peace Activity” at the Assumption Montessori School. Contributed photo.
who come from different religions and background. One student named Ibrahim, an internallydisplaced person (IDP) from Marawi who transferred to AMS because of the siege, expressed his gratitude to everyone in his school for warmly welcoming him in his new environment. One highlight of the
peace activity was the launching of the “Make Marawi Smile” project initiated by the students and alumni of AMS and HTMS, which aims to raise 300 hygiene kits for the kids in Marawi. HTMS alumna Jezreel Gaza Aguisanda said, “We want to give back, at least gamay lang namo nga ma-help bitaw in
our own little ways of participation.” The event also included a turnover ceremony where “I Am Mindanao” team turned over information and education materials, such as posters, pamphlets, and f lyers about peace to the two schools. Assumption Montessori School and
Holy Trinity Montessori School join the list of partner schools of “I Am Mindanao” in advocating peace among its students. The first five exhibits were held at Mary Mount Academy, St Mary’s Academy of Carmen, Carmen National High School, Bulua National High School, and Macabalan National High School, respectively. “I Am Mindanao” is a social advocacy aiming to: (1) Educate the youth about peace and violent extremism; (2) Strengthen their pride as Mindanaoan; and (3) Empower them to take part in countering violent extremism. It is composed of Development Communication students of Xavier University Ateneo de Cagayan. Last July, the team was among the top 4 campaigns in countering violent extremism in the Peer-to-Peer Facebook Global Digital Challenge participated by 114 universities around the world.
enterprise is in its roots and its growth. The community-based enterprise is managed by the Maramag Rural Improvement Club Federation (RICFed), a non-government organization composed of about 1,050 members. And these members are women – mothers and homemakers who organized themselves with the assistance of the local government of Maramag and the Department of Agriculture. “Our organization believes that women should be functional economic partners and should play a vital role in community development,” Mendoza says. In April 2012, with the help of government and non-government partners, the Maramag RICFed started running Kape Maramag as its flagship livelihood initiative. The enterprise was meant to revive the local coffee industry by adding value to the coffee produce of the area. Thus, Kape Maramag’s operations were mostly roasting, grinding, and brewing to produce good-quality coffee. This created a unique opportunity for Maramag coffee farmers to finally have a steady buyer. The enterprise started out with just a hundred kilograms of coffee beans and an endless supply of persistence. They tapped coffee/PAGE 11
Energy research institution debunks clean coal myth, opposes global clean coal alliance The Center for Energy, Ecology, and Development (CEED), an independent, think-do institution engaged in issues of energy, environment, and development in the Philippines, expressed opposition to the convening of a global clean coal alliance—a proposal made by the US Delegation to the Conference of Parties (COP23). According to CEED Research, Policy and Advocacy Officer Arvin Buenaagua, “coal is the dirtiest of all fossil fuels. Its consumption emits
sulfur dioxide, nitrogen oxide, mercury, and other particulate matters. It is a huge contributor to smogs, air pollution, and acid rain, which in turn causes respiratory and cardiovascular diseases. Calling it clean is oxymoronic.” The myth of “clean coal” is premised on the development of technologies that would supposedly reduce harmful emissions and their escape into the atmosphere. One of these technologies is the Carbon Capture and Storage (CCS), which
aims to capture carbon dioxide emissions and subsequently store them in underground saline aquifers or depleted oil and gas fields. However, these technologies come at exorbitant costs, and with a dismal track record. “According to the Global CCS Institute, it is estimated that $100 billion annually will be spent to develop CCS technologies. Retrofitting these to older coal plants would most likely cost even more,” claims CEED Legal Officer Avril De Torres.
“The recent suspension of operations of the Kemper County plant in Mississipi shows that “clean coal” technologies are decades far from being fully developed and widely deployed. The Kemper County plant was envisioned to be a flagship, cuttingedge project that would pioneer coal gasification and CCS technologies. And yet, after years of delay and billions spent over its projected budget, Kemper County plant’s operations lasted for only 200 days. Operations were abruptly suspended due to
issues with its “clean coal” technologies,” added De Torres. Additionally, a recent research conducted by the Institute for Energy Economics and Financial Analysis and the Institute for Climate and Sustainable Cities predicts the imminent stranding of all existing and future coal plants in the Philippines. The stranding of coal plants will inevitably include “clean coal” technologies with it. In the context of the urgent global climate action ushered in by the Paris Agreement, and
the continuous drastic decrease in the cost of renewable energy, any talks of forming a global clean coal alliance is misplaced and illogical. A new research from Morgan Stanley already states that numerous key markets have reached an inflection point, where renewables will become the cheapest form of energy in less than three years. According to De Torres, the Philippines is already experiencing a drastic drop in the cost of renewables. “Just two months ago, a solar debunks/PAGE 11
9 Globe inks P7-B loan Annual car sales expected deal with Landbank to reach 1-M mark by 2025 T Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
friday|december 1, 2017
CorporateWorld
GLOBE Telecom Inc. on Wednesday said it signed a P7-billion term loan facility with Land Bank of the Philippines (Landbank). In a statement, the Ayala-led telecommunications company said proceeds from the seven-year loan will be used for its capital expenditures (capex). This year, Globe allocated $850 million for capital expenditures, mostly for data-related projects. As of end-September, the company said it has already spent P36.8 billion or around $731 million in
capex. The bulk or around 84% has been used for projects to improve data network capacity and coverage. Globe reported its ninemonth attributable profit jumped 11% year on year to P12.99 billion, following a 6% increase in revenues to an all-time high of P95.14 billion. The company attributed the higher revenues to its growing data segment, driven by its mobile and home broadband businesses, as well as its partnerships with global companies for innovative digital services.
HE Philippine automotive industry is expected to breach the one-million annual unit sales starting 2025, a trade official said Wednesday. “The growth of the industry has continued to increase with sales reaching 400,000 units in 2016, four times the sales a decade ago, while growth rate is at 24 percent,” Department
of Trade and Industry (DTI) Assistant Secretary Rafaelita Aldaba said during the Manufacturing Summit 2017. “By 2025, 2026, 2027, forecasts show that the Philippines will be reaching one million units (in sales),” Aldaba added. Among the policies introduced by the DTI to support the local manufacture of vehicles is the Comprehensive Automotive Resurgence
Strategy (CARS) Program, which targets to revive automotive manufacturing, increase employment in the sector, attract investments, make the country a regional car production hub, and build domestic scale. The government is allocating P27 billion over a period of six years to support the local production of vehicles and the manufacture of strategic parts,
particularly those that are not yet produced in the country. Two major car companies have joined the program -Toyota Motor Philippines (TMP), for the manufacture of its Vios model, and Mitsubishi Motors Philippines Corp. (MMPC), for the production of its Mirage cars. Industry players aim to sell 450,000 units by the end of the year. (PNA)
STEELASIA Manufacturing Corp. is pushing for the creation of a council for the iron and steel industry, composed of the private sector and the government, to help ensure its competitiveness. “It is time for Philippines to have its own – a council for iron and steel [where] the government will charter the policy and support a competitive marketdriven environment, industrial policies [which] must be revised to be in favor of [a
more] efficient, of more technologically driven enterprises,” SteelAsia Chairman and CEO Benjamin O. Yao said during the Manufacturing Summit 2017 in Makati City on Wednesday. Mr. Yao noted the industry development council created by the Department of Trade and Industry (DTI) is a “good start for the government and private sector to craft a policy and set standards for growth for these core industries.” Citing other Asian countries as an example, Mr. Yao pointed out
the need to have a coordinating council for “certain core industries” — such as iron and steel — which need more attention due to technical demands and special circumstances to monitor development and standards in its operations. At the same time, Mr. Yao said they are in currently in talks with a former partner to build “an ecosystem of steelbased industry” which requires an investment estimated at $1.5 billion, and considered as the first step in forming an
integrated steel industry. “Those who venturing into manufacturing must be encouraged to build
strong partnership not only to suppliers but also to customers and the present those with the
best synergies will fly. Those who fail to build linkages will perish,” he added.
SteelAsia pushes for steel industry council Manufacturing sector to breach 10% growth next year, says Lopez DEPARTMENT of Trade and Industry (DTI) Secretary Ramon Lopez foresees the country’s manufacturing sector breaching a 10 percent growth next year. “It is possible to sustain 10 to 11 percent growth,” Lopez told
Consuelo NHS Financial Managers Attended 3 Day Seminar Workshop By: Jerry P. Ramo Master Teacher-I Consuelo National High School Consuelo, Magsaysay, Misamis Oriental
F i n an c i a l Man a ge m e nt in every agency is a vital function. This is the way how authority, responsibility, and accountability are inherent in the key positions created to discharge specific duties and tasks (FMOM p-16). For Consuelo National High School there were Five (5) Financial Managers who attended the Three (3) days live-in seminar from November 8,2017 (2:00 PM) to November 11,2017 (12:00PM) at Koresco Hotel, Pueblo Estates, Cagayan De Oro City. Consuelo NHS Financial Managers were Mr. Gilbert D. Bailo the Principal and the Head Of Procurement Entity (HOPE); Mr. Jerry P. Ramo-Master Teacher-I the chairman of Bids and Awards Committee (BAC), Mr. Uriel F. YhaponMaster Teacher-I the property custodian, Mrs. Christine S. Ligsanan-Administrative Assistant II, and Mrs. Nancy V. Olinan-member of BAC Secretariat. The seminar focused on Financial Management Operations Manual (FMOM). The registration were done on January 8,2017 at 2:00 o’clock in the afternoon and followed with the orientation
led by Mr. Joylito Villastique the Public School District Supervisor from Libertad, Misamis Oriental. First Day Session No v e m b e r 9 , 2 0 1 7 M r. Nelson Absin discussed the school based financial management. According to him, school head must have right attitude, right knowledge, and right skills on communication, listening, and writing. There was simulation activities on fiscal planning and budgeting, cashiering disbursement, accounting and recording (procurement process 1 and 2), assets and liabilities management, physical and financial reporting. The participants from class 15 section validity were so energetic in respond to the activity. In afternoon session, speaker 1 Mrs. Bernadette Samaco Administrative Officer V in the Division of Misamis Oriental discussed the topic Irregular, Unnecessar y, Excessive, Extravagant Unconscionable expenditures. Speaker 2 Dr. Horace Nacua Public School District Supervisor from Opol District focus her discussion on Planning and
Budgetting Linkage. Speaker 3 Dr. Roie Ubay-ubay District Supervisor from Manticao District actively share his knowledge on the topic “Four Phases of Budget Cycle”. He reiterated the PLEA that stands for Preparation, Legislation, Execution, and Accountability. On November 10,2017 speaker 1 Mrs. Merly B. Mabilin ES-I from Misamis Oriental Division shared her expertise about Republic Act 9184 known as Government Procurement Reform Act (GPRA). She talked on the composition of Bids and Award Committee, BAC Secretariat, Technical Work Group, Observers, and the Head Of Procurement Entity (HOPE). Speaker 3 Ms. Shane Magdugo discussed the topic “Proper Procurement”. Speaker 4 Ms. Fely R. Quezon relay to the participants t he C OA C i rc u l ar No. 97-002-Rules and Regulations
on the Granting, Utilization and Liquidation of Cash Advances. In the afternoon session of November 10,2017 Dr. Nilda Mejos the District Supervisor in Naawan Misamis Oriental vigorously explaining on Revenue/Receipts and Deposit Procedures. November 11,2017 in the morning intended for the FMOM participants f rom d i f fe re nt s cho ols to defend their S cho ol Operating Budget (SOB), and Annual Procurement Plan (APP). There were around One Thousand Two Hundred Forty Two (1242) participants for batch 2 who succeeded for the said DepEd enhancement. What a great thanks for Dr. Cherry Ma e L . L i mb a c o, C E S O V, the Schools Division Superintendent in Misamis Oriental Division for her concern to the welfare of teachers.
reporters on the sidelines of the Manufacturing Summit 2017 held at Hotel Fairmont Makati on Wednesday. It was noted that the government eyes an 8 to 10 percent manufacturing growth until the end of the Duterte administration. During the third quarter of the year, manufacturing had the highest contribution to gross domestic product (GDP) growth, as the sector rose 9.4 percent year-on-year. Lopez said the manufacturing sector may breach the 10 percent growth starting 2018. The trade chief cited policies to encourage local production of products that the country imports. In 2012, the DTI launched the Industry Development Plan (IDP) to increase the manufacturing sector’s contribution to GDP and employment. DTI Assistant Secretary Rafaelita Aldaba said the average growth of
the manufacturing sector in the post-IDP period was only at 3.8 percent in 2007 to 2011. Manufacturing growth was boosted in 2012 to 2016 after the introduction of IDP, with the sector’s average growth at 7.3 percent. Likewise, the average GDP growth in 2007 to 2011 was at 4.6 percent, compared to the 2012 to 2016 average expansion of 6.6 percent. For Ayala Corp. Chairman and Chief Executive Officer Jaime Augusto Zobel de Ayala, the fourth industrial revolution will further support the manufacturing growth of the country. Ayala stressed the need to invest in technology, such as digital transformation, automation, and connectivity, to improve production capacity, increase competency, and make manufacturing more cost-efficient. (PNA)
10 Growth... from page 1
a master plan for a Metro Davao, encompassing Digos City, Davao del Sur, which is southwest of Davao City, up to Maco, Compostela Valley in the northeast, including towns and cities in between such as Tagum City, Davao del Norte. During a consultation last week on the proposal, Mr. Palafox said he has worked on planning projects in Dubai and would bring that experience to the Davao job. “Davao (Region) has a potential. It is 10 times the size of Manila and nine times the size of Singapore,” Mr. Palafox said. He said the plan is to make Metro Davao pedestrian- and cyclist-friendly, and ensure that
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
friday|december 1, 2017
open spaces are developed. The Mindanao Development Authority (MinDA), one of the key proponents of the master plan with an initial budget of P25 million, said the consultations are intended to ensure that the expanded urban area of the Davao Region is “pro-people.” “It is our goal that our collective vision for Metro Davao is reflected in the study. So we enjoin you to speak up, participate, help the planners understand what we want for our metropolitan area,” MinDA chair Abul Khayr D. Alonto said during the consultation. The drafting of the master plan will start with taking stock of the key infrastructure facilities, existing and planned, as well as other key components needed for a growing metropolis. “While the masterplan will
essentially focus on the urban areas along the transport backbone, it is expected that the study will also take into account the land use and the socioeconomic activities of the rural and sub-urban components of the municipalities and cities that compose Metro Davao, as well,” part of the project brief reads.
Blamed... from page 1
The study showed at least 58 percent of the public think contractors consider the security and safety of the public while only 9 percent believe contractors put it aside. It added that 55 percent of the public are impressed with the coordination between the city government and private contractors, which shows a good public trust that the government is on top of the situation. At least 90 percent of the public said the traffic congestion is “normal occurrence of a growing city” and 82 percent think it is a “necessary sacrifice,” it stated. “The public also believe that the traffic situation will be just temporary (61%), thus indicative of the expectations that after project completion, traffic situation will be better,” it added. Only 33 percent of the public thinks that the traffic measures of the city government such as deployment of more traffic personnel, truck ban and closure of road slots for short-cuts as evident and effective. Among the public suggestions to ease up the traffic include allowing construction work only at night in areas where construction causes traffic congestion in the day; upgrades of traffic lights system and equipment of the traffic personnel; and some structural recommendations which include rationalization of street vendor space, reconfiguration of current routes, modernization of public utilities, replacement of jeeps with bus, and requirement of parking space for car owners. The Dabawenyos also want strict observance of discipline for both drivers and commuters, and the implementation of the use of pedestrian lanes while some raised rationalization
of traffic enforcement, better traffic management scheme and number coding. The public recommended increasing the penalty for traffic violations; continue the implementation of truck ban and designated loading and unloading areas; and assign a dedicated lane for trucks, private cars and public utilities. (Antonio L. Colina IV / MindaNews)
Power... from page 1
An investment agreement between the two parties was signed last June and the Philippine Competition Commission (PCC) subsequently gave its approval to the partnership in September. “We believe that this partnership will greatly benefit power consumers particularly in light of the planned interconnection of the Mindanao and Visayas grids which we strongly support,” ACR Chairman and President Tomas Alcantara told the local bourse. Alcantara said the two organizations hoped to bring their technical expertise and strengths in ensuring power security in Mindanao. He noted the partnership will provide ACR the opportunity to pursue its other energybased projects outside of the ATEC umbrella, particularly its renewable power generating plants in Mindanao and Western Visayas. “It will likewise allow ACR to accelerate its foray and entry in other energy-related enterprises in Southern Philippines, including the smaller islands with promising growth in power demand,” he added. ACR currently holds a 75-percent stake in the 210-megawatt (MW) Sarangani Energy Corporation (SEC) baseload coal-fired plant in Maasim, Sarangani Province. ACR’s Japanese partner Toyota Tsusho Corporation (TTC) will still hold 25-percent equity in SEC. The largest power investment in Sarangani province and the entire Region 12, the USD600million SEC power plant is expected to reach its full capacity in the first half of 2019. The power plant will be
servicing over six million people in key population centers of Mindanao, such as General Santos, Cagayan de Oro, Iligan and Butuan. ATEC at present holds 100-percent equity in San Ramon Power Inc. (SRPI), which is developing a 105-MW baseload coal-fired plant in Zamboanga City. It is scheduled to commence commercial operations in 2021. Outside of the ATEC umbrella, ACR operates three diesel plants with an aggregate capacity of 258 MW in different parts of Mindanao to provide peaking and backup power. ACR will start next month construction of the PHP3.7billion 15.1-MW run-of-river hydroelectric power project at the Siguil River basin in Maasim, Sarangani Province, marking its entry into the renewable energy sphere. By 2021, ACR affiliated power facilities will have around 588 MW of generating capacity, about 25 percent of Mindanao’s projected peak power demand for that year. (PNA)
Budget... from page 1
listed in a press statement the salient features on the Senate’s version of the national budget which include the following: • P51 billion allocation for the implementation of the Universal Access to Quality Tertiary Education Act • P327 million for free Wi-Fi in state universities and colleges (SUCs) and public places and additional PHP 10 million for capital outlay for each SUC • P250 million for free tuition for medical students enrolled in SUCs under the Commission on Higher Education (CHED) • P1.8 billion for cash allowance of teachers; and P2.5 billion for school-based feeding program under the Department of Education (DepEd) budget • P6.5 billion to fund the Universal Healthcare Program under PhilHealth to provide for the health insurance of government employees under the executive department • P10 billion under the National Disaster Risk Reduction and Management (NDRRM) Fund
for Marawi rehabilitation • P3 billion for the Department of Social and Welfare and Development (DSWD) centers nationwide worth while the Conditional Cash Transfer (CCT) Program has P89 billion • P60 billion for the increase of base pay of military and uniformed personnel; P1.647 billion for the full payment of total administrative disability (TAD) arrears for the surviving spouses of World War II veterans, and P 372 million under the Bureau of Corrections for additional prison facilities. • P900 million and P 500 million for the Philippine National Police’s (PNP) Oplan Double Barrel and MASA MASID, respectively, were realigned • P1.35 billion was transferred to the PNP and Armed Forces of the Philippines (AFP) Housing Program; while the P50 million was allocated for additional budget for acquisition of body cameras of police officers • P2 billion subsidy for irrigation fees of farmer associations and additional funds to boost livelihoods and the development of micro, small and medium enterprises (MSMEs), including the additional • P800 million for the Department of Trade and Industry’s (DTI) Shared Service Facilities (SSF) A bicameral conference will be held on Bonifacio Day (November 30) to reconcile the differences between the respective versions of the Senate and House of Representatives (HoR). The proposed 2018 national budget is expected to be submitted to President Rodrigo Duterte on the second week of December and enacted before Christmas. Senator Loren Legarda, chair of the Senate Committee on Finance, assured that the 2018 national budget is “pro-people”, “socially inclusive”, “gender sensitive”, “climate adaptive” among others. The Department of Budget and Management (DBM) earlier said that the proposed 2018 national budget prioritizes education and infrastructure development, particularly for the government’s infrastructure program, “Build, Build, Build”, and the provision of social services to the people. (PNA)
Yamaha CDO unveils R6 Story and Photo by MARK FRANCISCO
0935 161 3398
856-3344 / 74-53-80
Yamaha Cagayan de Oro unveiled the new Yamaha YZF-R6 recently
at its showroom along CM Recto Avenue in barangay Lapasan.
On track or street, the R6 is one of the most advanced supersport marchines ever built. Aerodynamic MotoGP styling wraps up an incredibly intelligent racing machine complete with ABS brakes, top-shelf suspension and a full suite of electronic rider aids. The R6 combines superior mass centralization with highly-developed suspension and refined ergonomics to become one of the most nimble machines in the supersport class. With a class-leading high revving four-cylinder powerplant at its heart and traction control and D-Modes allowing the rider to extract even more
performance from the potent engine, the R6 screams across the start/ finish line ahead of the pack. It also has 43mm inverted front fork and front brakes, new rear shock, a new alumin um fuel tank, magnesium subframe, ABS brakes and riding modes. The result is awesome road feedback, traction feel and grater cornering confidence. The Yamaha R6 has won more AMA middleweight races and championships than any other 600cc sportbike making it the number one choice for amateur and professional racers alike. It completes Yamaha Motor Philippines’ R series: Sniper 150, Aerox 155, R1, R3 and R15.
11
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
friday|december 1, 2017
Resilient... from page 2
no. 3 among countries most exposed to hazards. Unfortunately, because of the large population and because the preparedness does not exactly match the severity or scale of extreme hazard, the country was considered the 3rd country that is most at risk during disasters, often affected by large scale hazard events. He cited that the country has suffered from “world class” disasters including the 1976 Magnitude 7.9 Moro Gulf Earthquake which triggered a tsunami as high as nine meters and killed more than 6,000 people among others. These events, he said, have not only caused tremendous loss of lives and injury, but also resulted to destruction of houses, buildings and other properties, interruption o f w a t e r, e l e c t r i c i t y, communication and food supply, damages to transport systems, damage to the environment and loss of revenue due to business interruptions. “Although the occurrence of the various natural hazards cannot be prevented, we need to reduce the losses from these hazards, be able to respond effectively and efficiently when disaster happens and be able to recover socioeconomic and governance functions immediately,” said Solidum. He further said that with the experience and vast lessons learned from past disasters and advanced science, engineering and technology, we should have seen reduction in the number of disaster victims and lesser socio-economic impact when hazards occur. Hence, he cited the importance of sciencebased disaster imagination or the appreciation of hazards and the impacts in their area. Science-based disaster imagination is a step by step process. First, the people need to identify the hazards that may affect the areas. Second, areas that will be affected and not affected depending on the magnitude of the hazardous event need to be determined. How many and how people, communities, buildings, houses, lifelines and other critical facilities will be affected need to be assessed as well. This information will be vital in contingency planning how to respond and in recovery planning even before the
actual disaster happens. Solidum said that sciencebased disaster imagination and development of plans appropriate to possible events should be practiced by every organization. With the theme, “Planning for Disaster Resiliency: A Must for all Entities,” the Safety Organization of the Philippines (SOPI) gathered different safety and disaster practitioners and enthusiasts from the local government units (LGUs), industrial c omp a n i e s a n d o t h e r s institutions and stakeholders of d i s a s t e r e m e r g e n c y response, primarily for preventing the loss of lives and properties against natural and man-made disasters. (EOR/PIA)
Jolly... from page 4
of hope, playing songs of peace as both are the songs of every man hungry of peace in the land. From a distance, you look like my friend even though we are at odds, in this crucial moment in the life of a nation in search for upright leaders who can deliver and make a difference. From a distance, there is harmony as it echoes through the land. And it’s the hope of hopes, it’s the love of loves and it’s the heart of every man that matters. God is watching us --- from a distance. Merry Christmas! (ruffy44_ph2000@yahoo. com)
Lawyer... from page 4
people in government, like you, who remain loyal to the oath of service they took, and who adopted a disposition of selfless giving of assistance to the public without expecting anything in return. May you be blessed all the more, and we are praying to Jesus, our God and Savior, that He will always guide you, bless you, and give you and your family protection. “While responding to communications from the people is mandated and required by Republic Act 6713, the Code of Conduct and Ethical Standards for Government Employees and Officials, you have raised the bar of public service with your brand of helping others dutifully…” -ooo WATCH ANG TANGING DAAN” AT FACEBOOK: “Ang Tanging Daan” is a Bible exposition and prayer session for everyone, in
English and Filipino, 24/7, worldwide, that can be viewed at www.facebook. com/angtangingdaan. Please see the video section. Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email:batasmauricio@ yahoo.com
Presenting...
from page 4 adaptation, even of the drastic kind. But this simply has to be done. With the appropriate plans, strategies and programs, this can be done. That is why the priestly formation can be nothing other than ongoing and increasingly deepening. As for the tools and means, they are always available. The priest should seriously and faithfully make use of them. Of special importance are a life of constant prayer and sacrifice, and frequent recourse to the sacrament of penance and the daily celebration of the Holy Mass. roycimagala@gmail.com.
Coffee... from page 8
the farmers in their town, offering to purchase their produce at a better price on a per-kilo basis, in contrast to the bulk purchasing of existing buyers such as Nestle. And the farmers favored Kape Maramag: they no longer have to worry about producing less during offseason farming months, because the Kape Maramag enterprise offers a premium pr ice e ven for sma l ler volumes. Today, the enterprise continuously roasts 30 to 50 kilograms of coffee every week, and their fast-selling coffee products never stay long on their shelves. At the same time, Maramag farmers who are also members of the federation have found a reliable buyer for their produce – and consequently, a reliable source of income. Growing together with DOST-X The win-win collaboration between Kape Maramag and local coffee farmers is paired with support from various government and nongovernment partners. One important partner is DOST-Region X (DOST-X), through the Provincial Science and Technology Center (PSTC) of Bukidnon. In late 2014, Kape Maramag saw the need to enhance their production and their
Publication Notice RA 10172
Republic of the Philippines AUTONOMOUS REGION IN MUSLIM MINDANAO PROVINCE OF LANAO DEL SUR MUNICIPALITY OF TUGAYA P.O. Box: 9317
Republic of the Philippines LOCAL CIVIL REGISTRY OFFICE Baungon, Bukidnon CCE-0043-2017 RA 10172
In compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of the Administrative Order No. 1 series of 2012 (IRR on RA 10172), Notice is hereby served to the public that RUTHCHIE D. CABALLERO has filed with this Office a petition for correction of entry in SEX from ‘’FEMALE’’ to ‘’MALE’’ in the Certificate of Live Birth of RUTHCHIE D. CABALLERO, born on May 21, 1979 at Baungon, Bukidnon and whose parents are CANISIOS R. CABALLERO and JULIETA Y. DAANOY. Any person adversely affected by said petition may file a written opposition with this Office not later than 10 days. BWM: Nov. 24 & Dec. 1, 2017
OFFICE OF THE MUNICIPAL CIVIL REGISTRAR NOTICE TO THE PUBLIC
Date: November 17, 2017
NOTICE TO THE PUBLIC
(Sgd.) EVANGELINE C. LIBAYNON Municipal Civil Registrar
products. Fortunately, they discovered that they could seek the help of DOST’s Small Enterprise Technology Upgrading Program (SETUP), a prog ram t hat assists micro, small, and medium enterprises (MSMEs) through science and technology. The very next year, PSTC Bukidnon implemented a SETUP project for Kape Maramag, providing the science and technolog y i nt e r v e nt i on s t h at t h e enterprise needed: a coffee bag packaging machine, a moisture tester for coffee beans, shelf life analysis, and packaging and labeling design development and initial execution. “Through SETUP, we were able to improve our packaging and even produce another coffee product which is instant coffee,” adds Mendoza. Previously, Kape Maramag only offered freshly roasted coffee on-site at their kiosk near the town’s bus station. But now, with a growing variety of products and better packaging, they have reached farther and wider markets, including Manila, Cavite, Cotabato, and Surigao. Mendoza asserts that the boost in their sales was because of DOST-SETUP. “SETUP really helped a lot in achieving our goals as entrepreneurs,” she enthuses. The growth of Kape Maramag has come to mean not only the popularity of a single enterprise, but more importantly, a better, more sustainable source income for the Maramag coffee farmers. It is proof that when citizens work proactively with each other and with appropriate p ar t ners, t he resu lt ing success will be rich and utterly satisfying. (Hyacinth J. Tagupa/DOST-X) About DOST-X T h e D e p a r t m e nt of Science and Technology – R eg ion X (D OST-X) envisions to be an effective and competent catalyst of inclusive development by providing world class and innovative S cience & Technology services in Region X. About SETUP The Small Enterprise Te ch nol o g y Up g r a d i ng Program (SETUP) is a n at i o nw i d e s t r at e g y encouraging and assisting small and medium enterprises to adopt technology innovations. This enables t hem to improve t heir operations and thus boost t he i r pro du c t iv it y and competitiveness.
CCE-001-2017 R.A 10172 In compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1, Guidelines in the implementation of the Administrative Order No. 1, series of 2012 (IRR OF R.A 10172), notice is hereby served to the public that LAILIAH HADJI YUSOPH HADJI SOCOR has filed with this office, a petition for correction entries of her middle name form ‘’H.YUSOPH’’ to ‘’HADJI YUSOPH’’, her last name from ‘’H.SOCOR’’ to ‘’HADJI SOCOR’’, HER Sex from ‘’MALE’’ to ‘’FEMALE’’ and mother’s Last name from ‘’H. YUSOP’’ to ‘’HADJI YUSOPH’’, my father’s Last name from ‘’H.SOCOR’’ to ‘’HADJI SOCOR’’ in her certificate of live birth at Municipality of Tugaya, Lanao del Sur and whose parents LININDING POCA-AN HADJI SOCOR and NORONISA MACALI HADJI YUSOPH. Any person adversely affected by said petition may file his/her written opposition with the office not later than,________2017. BWM: Nov. 24 & Dec. 1, 2017
(Sgd.) AMER P. PACALNA Municipal Civil Registrar
Debunks... from page 8
company entered into a power supply agreement with Meralco, the biggest distribution utility company in the country, at Php 2.99 kWh. This is a rate that is much lower than the average coal electricity production price of coal plants in the pipeline at Php 3.66 kWh,” she explained. According to government data, the Philippines has a vast untapped RE potential at 250,000 MW. If properly utilized, the country is set to be an RE leader in Southeast Asia. Thus, the claim that the Philippines has no choice but to generate electricity from coal cannot be farther from the truth. “Coal is coming to its end. There is no need to further invest in and develop technologies that would “clean” an obsolete and dirty energy. Any talks of alliance should be focused on decarbonization and the advancement of renewables” concludes Buenaagua.
EXTRAJUDICIAL SETTLEMENT OF ESTATE OF GUILLERMO ARIATA WITH ABSOLUTE SALE OF A PARCEL OF LAND Notice is hereby given that ANDRES ARIATA, of legal age, married, Filipino citizen and a resident of Yumbing, Mambajao, Camiguin is the only child/heir of Guillermo Ariata who died without leaving a will nor incurred indebtedness during his lifetime and who remains the declared owner of the said property which I hereby adjudicate ownership unto myself as sole heir of Lot. No. 6126; T.D. No. 04001518431; Area of 843 square meters; That for and in consideration of the sum of EIGHTEEN THOUSAND PESOS (Php 18,000) Philippine Currency, to me in hand paid by ELVERA G. PERANG, likewise of legal age, Filipino citizen and a resident of Yumbing, Mambajao Camiguin, receipt of which is hereby acknowledged to my full satisfaction, by these presents I hereby absolutely SELL, CEDE, TRANSFER and CONVEY the above-described parcel of land to herein Vendee, Elvera G. Perang, her heirs and assigns, free from any lien or encumbrance. Under Notary Public of ATTY. VITO M. CARRILLO; Doc. No. 115; Page No. 37; Book No. 55; Series of 2017. BWM: Nov. 24, Dec. 1 & 8, 2017
EXTRA-JUDICIAL SETTLEMENT WITH PARTITION OF REAL ESTATE AND DEED OF ABSOLUTE SALE
Notice is hereby given that the intestate estate of the deceased ANTONINA D. FABRIGAS, who died on September 13, 1998 at Gimangpang, Initao, Misamis Oriental. Tax Declaration No. 40502 at LANGCUBON, INITAO, MISAMIS ORIENTAL; containing an area of sixteen thousand three hundred forty three (16,343) square meters, more or less. ANTONINA D. FABRIGAS is the subject of EXTRA-JUDICIAL WITH WAIVER OF RIGHTS OF A PARCEL OF LAND, is made and entered into; AGATON ROLDAN FABRIGAS VELEZ, SR., REYNALDO FABRIGAS VELEZ (married) & LUNA VELEZ ARRIOLA (married), all of legal age, Filipino citizens, with residence & postal address at Gimangpang, Initao, Misamis, Oriental; DELIA VELEZ REALISTA, of legal age, Filipino citizen, married, with residence & postal address at Aluba Subd., Cagayan de Oro City; HERMENIA VELEZ CLARITO, of legal age, Filipino citizen, married, with residence & postal address at Steel Town Subd., Iligan City; and LUCAS FABRIGAS VELEZ, JR., of legal age, Filipino citizen, married, wioth residence and postal address at Manticao, Misamis Oriental; Under Notary Public of ATTY. EMELITO J. MARQUINO; Doc No.____; Book No. ____; Series of 2017.
Notice is hereby given that the intestate of estate DEOGRACIAS D. VACALARES, died intestate in Igpit, Opol Misamis Oriental on August 09, 2015 and TOMAS G. CDO MAIN BRANCH VACALARES, died intestate at the P & J Reyna Lim Bldg., Tiano Brothers Maria Hospital, Cagayan deKalambagohan Oro City, onSts., December 30, Tel. # leaving (08822) no 727-829 * debts 1981, will nor Telefax (088) settled to#date but856-1947 leaving a parcel situated in Igpit, Opol, Misamis CAMIGUIN Oriental ; TCTBRANCH NO. T-46307, Lot Aranas St., Poblacion, 2,B.Pcs-10-003834; area of ONE Mambajao, Camiguin THOUSAND TWO HUNDRED Tel. # (088) 387-0491 TWENTY NINE (1,229) sq. meters. ; DEOGRACIAS D. VACALARES CORRALES and TOMAS BRANCH G. VACALARES, is Corrales the subjectAve., of EXTRA-JUDICIAL Cagayan de Oro City PARTITION SETTLEMENT WITH OF REAL ESTATE AND DEED OF ABSOLUTE SALE; is made and entered among,; RODELIO D. VACALARES, ESTELA V. RAGMAS, married of legal age, Filipino citizen, and a resident of Laguindingan, Misamis Oriental,; LEONOR V. NADALA, RUTH V. RENDON, , married of legal age, Filipino citizen, and a resident of Igpit, Opol Misamis Oriental; LORIMER D. VACALARES, who died on April 11, 1996, in Trinto Agusan del Sur and survived by: BIMBO L. VACALARES, married of legal age, Filipino citizen and a resident of Purok 4A, Libertad, Butuan City; WHEREAS, FOR AND IN CONSIDERATION of the amount of ONE HUNDRED THOUSAND (P100,000.00) Philippine Currency receipt in full is hereby acknowledged by the SELLERS to their satisfaction RODELIO D. VACALARES, BIMBO L. VACALARES and RUTH V. RENDON, hereby SELL, CEDE, TRANSFER and CONVEY in a manner that’s is absolute and irrevocable unto DOMINGO M. LAYUG, of legal age, Filipino, married to ISADORA R. LAYUG and a resident of Zone 6, Tagapulot Street, Bulua, Cagayan de Oro City, his heirs, assigns and successors-in-interest, a PORTION the above described parcel of land, designated as Lot 2-A in the plan, containing an area of FIVE HUNDRED FIFTY TWO (552) square meters, free from all liens and encumbrances; Under Notary Public LYNN AMOR L. PACLAR-PANULAYA; Doc No. 435; Page No.; 87; Book No.XI; Series of 2017.
BWM: Nov. 24, Dec. 1 & 8, 2017
BWM: December 1, 8 & 15, 2017
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
EXTRA-JUDICIAL PARTITION WITH WAIVER OF RIGHTS OF A PARCEL OF LAND
D A # C T
L L C T
C V T
12
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
friday|december 1, 2017