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Volume VII, No. 084
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Monday | December 12, 2016
Mindanao to have excess X Briefly energy by yearend: MinDA
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As of 6:30 pm December 10, 2016 (saturday)
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Vista Land Mindanao
DAVAO City -- Villar-led Vista Land and Lifescapes, Inc. is beefing up its team under the Business Development Group that focuses only on looking for properties within Davao Region and neighboring areas for new projects and the possible expansion of existing developments. Ana M. dela Peña, Davao Region general manager for Vista Land’s flagship brand Camella, said they are adding members to the team that is tasked to scout for potential areas such as in Digos City, Davao del Sur and Kidapawan City, Cotabato. “It only means that our focus now is not only Davao but we are also looking at other areas, especially (those) without the presence of Camella projects,” Ms. Dela Peña said.
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INDANAO will be seeing a different outlook by the end of this year until early 2017 in terms of power and energy as the island-region’s energy mix is already in excess of about 700 megawatts (MW) to 1,000MW, a senior official of the Mindanao Development Authority (MinDA) said. MinDA deputy executive director, Assistant Secretary Romeo Montenegro, said the Department of Energy (DOE) is currently rolling out the possibility of introducing a wholesale electricity market in Mindanao considering the changes it is currently experiencing in the energy landscape. “More than three years ago, we have been discussing on how to address the rotating
brownouts in Mindanao ... today, the discussion is on how to devise a dispatch protocol to make sure that the current energy mix which is already in excess of about 700 megawatts to 1,000 will be well addressed by the industry players,” Montenegro said. He is also seeing the establishment of wholesale electricity market by June next year. Excess/PAGE 11
Abaca stakeholders BUTUAN City -- The Department of Agrarian Reform (DAR) in Agusan del Norte conducted a Provincial MultiStakeholder Consultation and Complementation Workshop in pursuing the implementation of Project Converge on Value Chain Enhancement for Rural Growth and Empowerment (ConVERGE) held on December 6-7, 2016 in this city. Participants were from government partner agencies, who relayed their expert views of their programs and services. Farmer groups from TUJAKITSAN (Tubay, Jabonga, Kitcharao and Santiago) cluster shared their experiences and practical solutions to extend several approaches to make their proposed project be viable.
GLOBAL CHEF. Students participate in the Global Chef culinary skills competition organized by The Institute of International Culinary and Hospitality Entrepreneurship (ICHEF) at the Abreeza Mall in Davao City on Thursday, December 8. Mindanews Photo
N. Mindanao’s agriculture underperforms regionwide By MARK D. FRANCISCO, Contributor
NORTHERN Mindanao’s ag r ic u lture pro duc t ion dipped for the first time in the gross regional domestic product (GRDP), lagging behind the industry and services sectors. B u t D e p a r t m e nt o f Agriculture (DA) 10 assistant director Roxana H. Hojas attributed the fall to the decrease in raw exports for this year. “In the GRDP computation, only exported
raw produce are counted under agriculture. There is seen an increase in the production of agricultural by-products in Northern Mindanao and this is credited to the manufacturing sector. Hence, there is an expected increase in the services sector, too,” Ms. Hojas explained. Among the prolific byproducts exported by the region are processed coconuts such as activated carbon, agriculture/PAGE 11
The 210-MW Steag coal-fired power plant in Villanueva, Misamis Oriental.
PSALM eyes buyout of 3 assets By MYRNA M. VELASCO, Contributor
ASSET seller Power Sector Ass e t s and L i abi l it i e s Management Corporation (PSALM) is now firmly studying the proposed buyout of three power assets, including Misamis Oriental’s Steag coal-fired power plant, which it deems could be an option to their privatization. These power facilities, according to PSALM Officer-in-charge Lourdes S. Alzona are the 720-megawatt Caliraya-Botocan-Kalayaan (CBK) plant; 210-MW Mindanao coal-fired power facility; and the 150MW Casecnan hydro power plant.
The original privatization scheme thought out for these power facilities had been to engage independent power producer administrators (IPPAs), but the state-run firm surmised it could fetch higher proceeds if it can eventually pursue direct sale of the assets. But to do that, PSALM ne e ds to buy out t he remaining duration of the supply contracts of these plants first. “We are studying to buy out the remaining IPPA contracts – CBK, Mindanao Coal and Casecnan plants
– it’s already part of our schedule,” Alzona noted. If the company could eventually secure go-signal from PSALM Board on its buyout plan, the next step will be to schedule on divestment of the said assets via competitive bidding. “Our target is 2017 or 2018…because that’s part of our series of activities,” Alzona emphasized. She added “that’s our action plan, to do the study on the buyout plan…and whatever the result of that be, we will go back to our Board.” In t he c as e of t he buyout/PAGE 11
Duterte groundbreaks Bukidnon’s hydro plant By RUBY LEONORA R. BALISTOY Contributor
VALENCIA City — President Rodrigo R. Duterte led the groundbreaking rites of the Pulanai hydroelectric power plant, naming the occasion as “a good day for the nation in its quest to avert climate destabilization due to our burning of ancient fuels.” Located in Lumbayao, Valencia City, the Pulanai Hydroelectric Power Plant is a 10.6-megawatt run-of-river project by Pure Meridian hydro/PAGE 11
NO OCCUPANTS? The National Housing Authority’s resettlement site in Barangay San Roque, New Bataan, Compostela Valley for survivors of super typhoon Pablo in December 2012 has more unoccupied than occupied houses as of December 6, 2016. Water and electricity problems as well as distance to work and school have discouraged survivors from living there. MindaNews photo
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Economy 2 ARMM is cited most improved region in peace and order, financial administration M Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
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ARAWI City -The Autonomous Region in Muslim Mindanao (ARMM) has been cited as the most improved region in terms of peace and order as well as financial administration. The award was given on December 6 by the Bureau of Local Government Supervision (BLGS), headed by Director Manny Gotis, in a ceremony held in Makati City. BLGS operates under the Department of the Interior and Local Government (DILG). In the awarding ceremony, the ARMM was cited as the
most improved region in the areas of peace and order and financial administration. From being a zero passer in S eal of G o o d L o cal Governance (SGLG) in 2015, the region also scored six SGLG awardees this year, indicating significant i mp r o v e m e nt i n l o c a l governance. The 2016 SGLG awardees i n t he A R M M are t he province of Maguindanao, the city of Lamitan in Basilan, and the towns of North Upi and Parang in Maguindanao, Wao in Lanao del Sur, and Jolo in Sulu. ARMM Governor Mujiv Hataman said good
governance practices should be emulated by other LGUs in the region. He urged the region’s LGUs to focus on improving their performances and overall operations in order to the deliver services to their
constituents. The DILG describes the SGLG, also known as ‘Pagkilala sa Katapatan at Kahusayan ng Pamahalaang Lokal,’ as the conferment of a seal to LGUs that adhere to performance criteria,
namely, improvements on performance, accountability, t r a n s p a r e n c y, a n d participation. T h e s e re qu i re m e nt s e n c o mp a s s t h r e e c o r e assessment areas: Good Financial Housekeeping,
S o c i a l P ro t e c t i on a n d Disaster Preparedness, and at least one from the essential assessment areas, namely, Business-Friendliness and Competitiveness, Peace and Order, or Environmental Management. (BPI/PIA-10)
Energy dept intensifies inspection of gas stations for consumer protection MANILA -- Energy Secretary Alfonso Cusi has ordered the inspection of liquid p et roleum pro duc ts in gasoline stations and retail outlets nationwide to test
the presence of methanol in these products and to see if they comply with Philippine National Standards (PNS) for fuels. The Department o f E n e r g y ’s ( D O E ) Undersecretar y Donato Marcos and Oil Industry Management Bureau (OIMB)
OIC, Director Melita Obillo, along with senior research specialists, led the inspection of fuel quantity and quality using the department’s Mobile Monitoring and Testing Lab (MMTL) van. Earlier, the department shared the information that contrary to the national
standards for petroleum products, methanol is being used instead of ethanol. The presence of methanol in the gasoline can harm and corrode the engine. In performing the inspection, the OIMB applied the standard operating inspection/PAGE 10
Moro filmmaker ‘Forbidden Memory’ to debut in ARMM 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
MARAWI City -- The best documentary at this year’s Cinema One Or ig ina ls F i l m Fe s t i v a l e nt i t l e d ‘Forbidden Memory’, directed by multi-awarded Moro filmmaker Gutierrez “Teng” Mangansakan II will be shown on December 9, a day before the International Human Rights Day (IHRD), at the Shariff Kabunsuan Cultural Complex in Cotabato City. The 96-minute documentary dubbed “the greatest Marcos horror stor y never told” on its
synopsis, says it “summons remembrance and memories of t he f ate f u l d ay s i n September 1974 when about 1,000 men from Malisbong and neighboring villages in Palimbang, Sultan Kudarat, were killed while 3,000 women and children were forcibly taken to naval boats stationed nearby where they encountered unspeakable horror.” These atrocities, genocide as they were dubbed, were perpetrated in the dark years of the martial law regime of
the late dictator Ferdinand Marcos. The screening of the film a day before the IHRD is aimed at opening the eyes of the audience to the human rights violations as well as to understand the plight of the Moros during martial law. Mangansakan, on his behind-the-scenes interview with Cinema One, said that that film is “about a collective memor y that keeps the aspirations of the people alive.” debut/PAGE 10
CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011
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Globe Telecom and iPhone 7 customers help in Mindanao “rainforestation” efforts Globe signs MoA with Hineleban Foundation, Inc. on fiveyear Rainforestation Program in Bukidnon and Lanao del Sur
L eading telecommunications company Globe Telecom, together with its thousands of iPhone 7 customers, collaborates with Hineleban Foundation, Inc. on the Rainforestation of Six Mountain Ranges of Mindanao as part of the company’s commitment to sustainable development and good corporate citizenship. At the same time, Globe signed a Memorandum of Agreement (MoA) with Hineleban for a five-year Rainforestation P ro g r a m c omp o s e d of t hre e ke y comp onents, namely: reforestation, food security, and sustainable livelihood development. The foundation is a nonprofit organization which advocates environmental conservation and livelihood development by preserving and restoring mountain rainforests and watersheds, as well as providing livelihood opportunities for indigenous people in Bukidnon and Lanaodel Sur. Customers who received the new iPhone 7 under the Globe MyLifestylePlan were able to participate in various cause-oriented programs including env ironment protection and conservation through the Globe of Good
MoA Signing between Globe and Hineleban on Rainforestation Program. Signatories are Hineleban President Edgar Bullecer (2nd from left) and Globe SVP for Corporate Communications Yoly Crisanto (2nd from right). Witnesses are Globe Program Coordinator Neil Konrad Binayao (left) and Globe Corporate Social Responsibility Manager Rofil Sheldon Magto (right) together with the seven tribe leaders of Bukidnon and Lanao del Sur.
bundle which allowed the company to make a donation on their behalf to partner groups, one of which is Hineleban. “We believe everyone should lead a sustainable lifestyle, one which protects and preserves our natural resources so future generations can enjoy our country’s rich heritage,” said Yoly Crisanto, Globe Senior Vice President for Corporate Communications. “Globe has already established a name for its innovations in mobile and connectivity but it is equally
important for the company to give back. We have to make our practices sustainable to keep providing top-notch products and services to the customers who trust us. At the same time, we’re inviting them to be part of our efforts.” Bukidnon, known as the “heart of Mindanao,” has some primary forests left but over 44,000 hectares of forest areas are already degraded. To date, Hineleban operates its rainforestation efforts in three project sites in Bukidnon and two project sites in Lanao del globe/PAGE 10
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Opinion
Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO
ALLAN mario MEDIANTE
Vice President for Corporate Affairs
Joe felicilda
Vice President for Administration
joe palabao
Vice President for Marketing
NELSON CONSTANTINO Editor-in-Chief
Cheng ordoñez
gilbert y. chao
Executive Editor
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BONG FABE
Feature Editor
Associate Editor
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JUN AYENSA
shyne campaner
Regional Editor Caraga
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Cris diaz mike baños Uriel quilinguing Contributing Editors
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How Professional Media promote good governance journalism that creates sp ace s for d i a l og u e in society. Good governance requires a long-term perspective for sustainable human development and how to achieve the goals for such a development. However, it is most often the opinion, editorial or column writers discussing their view on the pros and cons of key issues who provide the forum for what Cagayan de Oro Archbishop Antonio Ledesma called the “democratic space” needed for an impartial and leveling playing field. To increase the capacities of journalism for opening this “democratic space” not just to the opinion, editorial or column writers, the news reporters themselves have to understand how to bring a dialogue through peace journalism. A decade ago, I was fortunate to be one the C ag ay an d e O ro Pre ss Club (COPC) members attended the basic Peace and Conflict Journalism training in Davao City. This was followed by an advanced training in Cagayan de Oro City and finally a Trainors Training Workshop in Iloilo, sponsored by InWEnt in cooperation with PECOJON, the Peace and C onf lict Journalism Network. The training sessions introduced journalist to methods of conflict sensitive
reporting, also known as peace journalism, aiming to better equip journalists for high quality reporting of conflict and thereby enable dialogue in conflict-affected societies. As one of the first batch of PECOJON graduates from Northern Mindanao, I believe peace journalism should widen its base of advocates if its tenets are a ls o t aug ht to a wider audience of decision makers in government and private media who are key decision makers in conflict reporting in the region. Local government units and businessmen often complain how media paints a negative picture of real life situations which gives rise to barriers in peace, justice and development and erodes capacities for good governance. Orienting key stakeholders in the region on the role journalists play in society and on the tenets of peace journalism, and drawing up a draft framework plan to advocate for its dissemination and practice in the region can serve as a positive catalyst for peace and development. Upon further thought and discussion with other key player in PECOJON, it b e c ame incre asing ly apparent that media, peace and investigative journalists have a wider impact in helping bring about a culture
H ammer
and
A nvil
By Mike Baños
of good governance than previously thought. Hence, a prop os ed Literacy Seminar on Peace Journalism for key media decision makers would be better off defining exactly what role media now play in promoting good governance in the region, instead of focusing solely on eradicating corruption or advocating peace journalism. Jour na lists have t he means, though the various media available to them, to promote e quity and inclusiveness to ensure that all sectors of society feel that they have a stake in good governance and do not feel left out from the mainstream. By the nature of their task as an independent and professional channel for dialogue and communication, journalists can make all sectors of society listen and be heard.
Reminder: what not to eat this Christmas 2016
Make Work Work for You Think a minute…Have you heard many people say: “Oh, good! I’m going to work today!”? I sure haven’t. Usually what we say is, “I have to go to work today!” Why? Probably because many people do not enjoy their work. We feel it’s just something we’re forced to do. Our job is like a necessary evil that we must endure so we can feed and care for our family—which, of course, is very important. No wonder studies show that most people do not do their best at their work or job. It’s also why many people throw away their hard-earned money on foolish gambling like lotteries. They think they have a chance to hit the big jackpot and never have to work again! Then they’ll be free to do nothing the rest of their life. But someone said, “The problem with doing nothing is that you never know when you’re finished!” However, when it comes to our weekends, not many people say: “Too bad! I have to take the weekend off from work.” You see, it’s all in our attitude and the way we look at something. So if we’ll approach our work with a positive attitude, being grateful that we even have a job to provide for our family, then we’ll start to appreciate and enjoy our job more. We’ll
Po l i t i c i a n s , o r m o r e sp e c i f i c a l l y p e opl e i n government holding elective positions in the Philippines, have found in media a convenient scapegoat for the country’s turbulent social order. Politicians rant and rave about journalists’ penchant for bad news, the disasters, ambuscades, kidnappings and many more w hich put them in a bad light, adversely affect their ability to effectively govern and ostensibly lead to stagnation and backwardness. G e n e r a l l y, g o o d governance is defined as a set of eight major characteristics which include participation, rule of law, transparency, responsiveness, consensus orientation, equity and inclusiveness, effectiveness a n d e f f i c i e n c y, a n d accountability. When all these characteristics are pre s e nt i n on e d e g re e or another, it has been noticed that corruption is minimized. A review of the eight major characteristics of good governance reveals that media is an integrated part of what defines good governance. Since media t o d ay h a s b e c om e t h e main fulcrum around and through which most people’s interactions revolve, media play a key role in promoting good governance particularly through a highly sensitive and professional
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THINK
A Minute
Jhan Tiafau Hurst also take more pride in our work and do it better. Then we just might get a promotion or better job somewhere else! As adults we must work like we did as children when our father was watching. Because our Maker IS watching us all day! He sees our attitude and how well we do our job. Since He gave us our life, health and abilities, He expects us to do our best at every small job we do no matter how unimportant we think it is. So if you’ve not had a good attitude about your work and not done your very best, you can ask Jesus to forgive you today. But He also wants to change you and help you start doing your best at everything you do. It’s then you can finally start fully enjoying all the blessings that God wants to give you. Just Think a Minute…
LIFE’S INSPIRATIONS: “… Then God said, `I give you every seed-bearing plant on the face of the whole earth and every tree that has fruit with seed in it. They will be yours for food. And to all the beasts of the earth and all the birds in the sky and all the creatures that move along the ground—everything that has the breath of life in it—I give every green plant for food.’ And it was so…” (Genesis 1:29-30, the Holy Bible). -ooo “PROCESSED MEATS TOO DANGEROUS FOR HUMANS”: In the interest of public service, as the Filipino
nation embarks on Christmas 2016 parties with a lot of food, we are reprinting here parts of an article published by www.realfarmacy.com on May 29, 2013, which is headlined “processed meats too dangerous for human consumption”. The entire article can be read at http://www.realfarmacy. com/processed-meats-toodangerous-…/…. Read on: “The World C ancer Res e arch Fund (WCRF) has completed a detailed review of more than 7,000 clinical studies covering links between diet and cancer. “Bottom line: Processed
meats are too dangerous for human consumption. Consumers should stop bu y i n g an d e at i n g a l l processed meat products for the rest of their lives. -ooo PROCESSED MEATS LACED WITH CANCEROUS SUBSTANCE: “Processed meats include bacon, sausage, hot dogs, sandwich meat, packaged ham, pepperoni, salami and virtually all red meat used in frozen prepared meals. They are usually manufactured with a carcinogenic ingredient known as sodium nitrite. “This is used as a color
K ak ampi
Mo A ng Batas
Atty. Batas Mauricio fixer by meat companies to turn packaged meats a bright red color so they look fresh. Unfortunately, sodium batas/PAGE 10
Thoughts to guide us by Two more weeks... Christmas evokes memories and sentiments that travel with us treasured gifts of our hearts. it is the time for reflection of the year past, of things we’ve done to make a difference in the lives of others. Elvie Punzalan-Estavillo, fellow Philippine Star columnist voiced it out very well already several years ago. It’s indeed a time for thanksgiving for the blessings received, and for the trials and pains that helped shape, strengthen, and mold us to become better persons. “Hay nako” - the typical
Philippine expression, I adopted many times since living in the Philippines for good. What on earth am I here for? The more I look around, the more people I’m able to observe: stranded people in my places worldwide, still having the optimistic smile on their faces. People, who are losing more and more of their bearings and are getting muddled in their lives. If political leaders confuse us more instead of leading us on the right way, we cry out for a satisfying answer through the institution church.
Modesty will never get them what they actually deser ve. Charity and brotherly or sisterly love, as the bible teaches us, are becoming foreign terms. moral and human values are badly needed to drive and out energy and vigor in our daily life as we stroll into painful indifference and peppered egoism. Our daily ill feelings regarding all parts of our life can’t be or can’t remain as a permanent state of affairs. Incompetent and incapable leaders, who are still being able to continue in their own monstrous, unhindered and
H ave M y Say
Klaus Doring
impertinent style are every country’s poison and reason for decline. During the last weeks, I received innumerable doring/PAGE 10
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SSS cracks down on delinquent employers
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HE SOCIAL Security System (SSS) has collected nearly P1.4 billion from more than 34,000 delinquent employers in a span of six years amid the state-r un p ensi on fund’s thrust to boost its contribution collections. In a statement on Friday, SSS Senior Vice President and Chief Legal Counsel Voltaire P. Agas noted that through its actions against employers violating the SSS Law or Republic Act (RA) No. 8282, the state-controlled firm can increase its contribution collections for the pension fund “to grant higher pension and benefits.” “We will not hesitate to go after and file cases against those discovered to be violators of the Social Security
(SS) Act, such as non- and under-reporting of employees, as well as non- and underremittance of contributions,” he said. “For the past several years, SSS has been actively going after delinquent employers, and we will continue to strengthen our campaign to ensure that companies obey the law,” Mr. Agas added. Under RA 8282, employers who fail to report their employees for an SSS coverage and remit their workers’ monthly contribution will be slapped a fine of P5,000 to P20,000 and be sent to prison of a minimum of six years and a maximum of 12 years, depending on the court. “Employers who deduct SSS payments from their workers’ salaries but fail to
remit these to the SSS are likewise guilty of committing the crime of estafa, which i s a l s o pu n i s h a b l e by imprisonment under the Revised Penal Code,” Mr. Agas said. The law mandates private companies to report their newly-hired employees for SSS coverage within 30 days from the day they were hired. Employers with overdue contributions will also be charged a monthly penalty of 3% until the remittances are fully paid. “Every private company, regardless of its size, should fully comply with the SSS obligations provided by the SS Act. It is the mandate of the law and everybody has to follow,” Mr. Agas noted. Of the 34,000 delinquent
employers, 41 were convicted that amounted to a collectible delinquency of P61. 66 million. SSS data showed there were 34.2 million SSS members as of June, of which 2.018 million are pensioners. The state-run firm raked a net profit of P27.4 billion in the first nine months of the year, bulk of which came from its members’ total contributions that reached P107.362 billion in the January to September period. Its investment portfolio a m o u nt e d t o P 4 7 0 . 1 4 billion, of which 39% or P180.46 billion accounted for government securities, while 24% or P111.22 billion was comprised of equities and 18% or P85.93 billion in member loans.
AgriNurture’s China affiliate acquires fruit trader AGRINURTURE, Inc. on Thursday said its China af f i li ate is acquir ing a majority stake in a fruit trader in Guangzhou. In a disclosure to the stock exchange, the c o m p a n y, o w n e d b y businessman Antonio L. Tiu, said Zongshan Fucang Trade Co. Ltd. has bought 70% of the total registered capital of Guangzhou Joyful Fairy Fruits Ltd. from owner Liang Shunming.
“The acquisition of 70% interest in Guangzhou Joyful Fairy Fruits Ltd. is expected to aid the expansion of Fucang’s trading business in China,” said AgriNurture, which has a 49% stake in Fucang. The acquisition of Guangzhou Joyful Fair y Fruits, which is involved in the trading of a variety of fruits, is valued at 700,000 yuan (around $101,750). Last October,
AgriNurture acquired a 49% stake in Fucang, an agricommodity trading company based in Zhongshan City, Guangdong Province, also from Mr. Shunming. F u c a n g ’s b u s i n e s s involves the importation of rice and fruits from Southeast Asia, and the export of spices from China to other countries. “ The acquisition is expected to expand the trading business of the
company and to develop new distribution networks in China,” AgriNurture said at that time. AgriNurture’s net income for the first nine months of the year rose to P7.28 million, reversing a P32.32million net loss a year ago. At present, the company supplies homegrown fruits su ch a s b an an a , s we e t pineapple and papaya to customers in the Greater China Region.
AirAsia inks $105-M maintenance deal with Air France subsidiary A I R A S IA B h d . , As i a’s largest low-cost carrier, has expanded its partnership with Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) after forging a maintenance deal for the airline’s fleet of Airbus A320neo passenger jets. In a briefing following the signing ceremony at the airline’s RedQ corporate office by the terminal in Sepang on Tuesday, AirAsia Group Chief Executive Officer Tony Fernandes told reporters flown here the contract is valued at $105 million and will run for 10 years. The agreement includes component repair services and solutions designed to maximize aircraft availability, such as the provision of a local main base kit at AirAsia’s Kuala Lumpur facility. “O p e r a t i n g a n e w generation aircraft at such a
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large scale requires adaptive, world-class support, and we have the utmost confidence that AFI KLM E&M will be able to provide us with the responsiveness, reliability and performance needed,” Mr. Fernandes said. AFI KLM E&M currently provides component support for the fleet of A330s operated by AirAsia X, the Malaysian carrier’s budget long-haul subsidi ar y. The init i a l agreement signed in 2009 was extended in 2013. BULLISH ON PHL AirAsia’s fleet of A320neo planes will ultimately reach 304, with the airline taking delivery of the first last September. In the Philippines, the carrier has a fleet of 15 mid-range Airbus A320s. “The Philippines will be 100% [A320]neos in due course. Our general style is once the affiliate becomes
strong enough, they will buy their own aircraft. Thailand is buying its own aircraft right now and Indonesia will begin financing its own aircraft soon,” Mr. Fernandes said. The A320neo jets will deliver fuel savings of 15% and additional range capability of 500 nautical miles, translating to low fares for passengers. Likewise, it will add six more seats to push the capacity up to 186 per aircraft. Mr. Fernandes is bullish on its operations in the Philippines, which is “on an amazing runway after being a laggard in ASEAN for a long time.” “Every time I go to Manila, I see such pace, such reform. It’s the diamond of our fleet, and could be as big as AirAsia Thailand. I’m a big believer in the Philippines just from a natural growth
perspective and also the he tourism potential coupled with the growth of the casino industry,” he said. The only drawback, Mr. Fernandes said, is the lack of adequate infrastructure, but cited “some positive moves” undertaken by the government. Philippines AirAsia is the result of the merger between AirAsia, Inc. and businessman Alfredo M. Yao’s Zest Airways, Inc. Its merger was formally completed after securing approval from the Securities and Exchange Commission in September last year. Philippines AirAsia flies to Hong Kong, Kuala Lumpur, Seoul, Kota Kinabalu, Macau, Busan, Shanghai, Beijing, Hangzhou. Domestically, it serves Cebu, Davao, Kalibo, Puerto Princesa, Tacloban, and Bohol.
VISIT OUR WEB PORTAL
RESORTS, HOTEL & RESTAURANTS DIRECTORIES
A PUBLIC SERVICE BY:
Algen’s Dive Resort (088) 3872015
Pryce Plaza Hotel 8583131 Fax: 726687
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Prawn House (088) 3095992 Fax: 8519219 Ridge View Chalet 8588946 / 8587946 Fax: 8588946
Bahay Bakasyunan sa Camiguin (088) 3871057 / 3870131 Fax: 3870278 Basamanggas Resort 08822-760564 Fax: 760565 Cagayan Riverview Inn 8584245 / 729039 Fax: 8584245 Casa Crystalla 8561704 / 722465 Fax: 722480 Casa Isabella (088) 8564065 Casa Azucena 8563402 / 09236593973 Chali Beach Resort 732840 / 8552108 Fax: 8555941 Chananthon Bed & Breakfast 8568189 / 3093095 Country Village Hotel 8583004-06 Fax: 8583006 D’Budgetel 8564200/726643 Fax: 8564300 Dahilayan Forest Park 8568562 to 63 De Luxe Hotel 8572144 / 724548 Fax: 724563 Discovery Hotel 727814 / 8563896 Fax: 8563897 Duka Bay Resort (088) 3312290 Fax: 725265 Dynasty Court Hotel 8574802 Fax: 857900 Grand City Hotel 8571900 / 728469 Fax: 723718 Hotel Conchita 8563856 / 727355 Fax: 8563857 Hotel Koresco 8589749-50 Fax: 8589748 Hotel Sogo 8520383 Kingston Lodge 8585696 Fax: 8585696
Seda Centrio Hotel 3238888 / 0917-577-5910 Southwinds Hotel 724803 / 8562036 Fax: 8562036 Stargate Dream Vacation Resort 8515003 / 8509999 The VIP Hotel 726080 / 8562505 Fax: 726441 RED PLANET 8800888/8801306 Travelers Pod 8518988 Uptown Condotel 8511800 Villa Paraiso Apartelle 3870419 Fax: 3870429 HONORARY MEMBERS: Dept. of Tourism 723696/726394 / 8564048 Fax: 723696 RESTAURANTS: Bigby’s Café 72-1071/857-5511/8575836 Fax: 711843 Café Laguna 8582999 Fax: 8567001 DM Villaruy Restaurant 733790 Golden Ajirang I 856-5271 Fax: 727876 Grand Caprice Restaurant 72-6955/856-2302 Fax: 72-4986 Kagay-anon Restaurant 728958 / 8563688 Fax: 8563843 / 729003 La Ilongga Restaurant 72-6183 / 857-3652 Fax: 72-4605 Missy Bon Bon 8566852 / 09228606442 Fax: 8566852 SLERS Ham & Café 8551438
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limketkai luxe hotel 8800000 Dear manok 8564914 / 8573413 LIMKETKAI LUXE HOTEL Landline: (088) 880-0000, Mobile: 0917-312-4563 Email: info@limketkailuxe.com
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Feature
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monday|december 12, 2016
Sikat ka Higala By SHERYL MACALE
Hmm I can just smell christmas. The lights dancing and the colors as you gaze mesmerizes you.Its so captivating that the little voices of children singing christmas carol is like a soft lullaby that warms your cold heart.It is the most beautiful time of the year. The giving the sharing and all in a bundle wrap with love in every single present you recive and give.It is my
favorite season because it is the most exciting, heart warming and just the season to be jolly. Yes Christmas,it is here again.I have a few things to do and cannot wait to celebrate it. And speaking of celebration aside from the parties we get to go to almost every week i have one stop i got to go to.I had my curious palate to follow.At the lobby of the citys
most prestigous and most luxurious hotel that stands on a 21 story skyline and the view that captivates every clientelle the taste of class and elegance sits right where the vicinity of friendship is extended with every smile the people can give to its tourist and the capacity of nature that your ears would just hear the gush of laughter and melts your heart with its people. The Limketkai Luxe Hotel.Not a while that i have been invited by the most amazing man that i have known,with a 40 year plus years of excellent experience as a hotelier.Been around in Asia competeting with the 5 star hotels and still stands out because his
determination is a hit and when an idea is turned to a gold mine. Anyone can be infected by his ambition and the Business investors would like to get their claws on his brilliant mind. Jerome dela Fuente created something this Christmas with a Filipino indulgence.The Christmas all time Favorites.Prepared right before your eyes.Bibingka cassava with Salted egg,Puto Cheese Cake ala Mode,Crispy Suman Muron and Pancit Luglug.I was given the chance to take everybite and the Biko on a caramel Sauce with a chocolate fence was a certain winner in fact it was the grand prize winner at this years Kumbira
all concocted by Chef Benjie Gaviola the executive Chef.I have never tasted Puto Bumbong in my entire life it was my first and i will tell you it was heaven in every bite,the ube flavored malagkit with the sweetness and and cheese balance the taste sits like your having an orgy on your mouth. It melts and the soft gooey texture gives a delectable extinct
taste.My personal favorite is the bibingka cassava with salted egg the balance of sweetness and the cassava was so soft that it releases endorphins for your pleasure.I thank May Sison for the good invitation and the good chef Benjie and the Limketkai Luxe for this opportunity. Visit the lobby for a live prep for your all time christmas favorites only at Limketkai Luxe.
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monday|december 12, 2016
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Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
monday|december 12, 2016
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
monday|december 12, 2016
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Banking&Finance
BSP simplifies guidelines on putting up of bank branches
C
ONSISTENT with the policy of the Bangko Sentral ng Pilipinas of promoting a competitive banking environment and ease of doing business, the Monetary Board (MB) approved the amendments to the guidelines on the establishment of branches to provide banks with more flexibility in expanding their branching network to strategic locations. T he ne w re g u l at i on removed the use of theoretical capital as well as the combined capital requirement tied to ge og raphic lo cat ion in evaluating branch app l i c at i on s s i n c e t h e branch network size and location of head office are already embedded in the latest minimum capital requirement for banks. The MB also reaffirmed the general thrust of allowing banks to establish branches anywhere in the Philippines, including in t he cities previously considered as
restricted areas, namely, Ma k at i , Ma n d a lu y on g , Manila, Parañaque, Pasay, Pasig, Quezon and San Juan. The move is aligned with the initiatives on banking system liberalization which include the removal of the branch moratorium in restricted areas and t h e g r a du a l l i f t i n g o f t he susp ension on t he establishment of new domestic banks. Anchored on their overall business model and strategic direction, smaller banks may now establish branches in Metro Manila subject to higher capitalization and special licensing fee if said branches are to be located in the cities previously considered as restricted areas. The policy initiative is aligned with the BSP’s banking reform agenda that is anchored on the promotion of sound risk management systems and Financial Stability.
Longer banking hours with BPI TO ensure that clients have enough time to complete their transactions this busy holiday season, Bank of the Philippine Islands (BPI) and BPI Family Savings Bank announced extended banking hours on weekdays in over a hundred branches, as well as Saturday banking in selected branches. At least 138 BPI branches and 35 BPI Family Savings Bank branches will extend banking hours up to 6:00 pm. on weekdays from December
5, 2016 to January 3, 2017. In addition, a total of 115 BPI branches and 30 BPI Family Savings Bank branches will be open on the following Saturdays: December 3, 10, and 17, 2016. The complete list of branches with extended banking hours on weekdays as well as those with Saturday operations can be viewed on the bank’s website, www. bpiexpressonline.com, official Facebook page and Twitter account.
DBP opens 108th branch in Dinagat Islands IN furtherance of its commitment to extend the reach of its financial services and better serve as a catalyst of sustainable progress in under-banked but high growth potential towns in the countryside, the Development Bank of the Philippines (DBP) has opened its 108th branch in San Jose in the province of Dinagat Islands. DBP’s San Jose, Dinagat Islands branch is one of only two government and commercial/ universal banks in the locality, other than the two rural banks serving the province. Declared a province in 2006, the Dinagat Islands comprise the second newest province of the Philippines. Known for its beaches and caves, the province is poised to become one of the country’s eco-tourism hotspots. The presence of DBP in the Dinagat Islands is expected to encourage more
businesses to invest in the eco-tourism potential of the province through the provision of financing for support infrastructures such as resorts, hotels, hostels, apartments, restaurants, among others. Moreover, the branch is expected to have a considerable impact, primarily in the acceleration of economic development and the improvement of basic ser vices, through partnerships with LGUs in the province. Prosp ec t ive proj ec ts include the improvement/ expansion of the provincial c apit o l an d mu n i c ip a l buildings; the construction/ renovation of evacuation centers, municipal gym, public terminal, public markets and municipal ports; the construction and renovation of government hospitals; the improvement and expansion of water supply; and the acquisition dbp/PAGE 10
Globe signs P20-Billion term loan facility with Metrobank To help finance network investments to expand coverage and enhance capacities Globe President & CEO Ernest Cu (2nd from left) and Metrobank President Fabian Dee, (2nd from right) shake hands following the signing of 12-year and 15-year P20 billion term loan facility. The loan is intended to finance partial acquisition of San Miguel’s telecommunication assets. The transaction, which is expected to provide benefits to mobile internet customers, exemplifies the company’s continuous commitment and investments in improving the network and quality of service. These investments will help support the data needs of existing and new customers and allow them to enjoy their digital lifestyle. Globe Chief Finance Officer Rizza Maniego-Eala (left) and FMIC president Rabboni Francis Arjonillo (right) witnessed the signing.
Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL SUR 12th Judicial Region Branch 09 Hall of Justice, Marawi City IN THE MATTER OF CANCELLATION OF THE CERTIFICATES OF LIVE BIRTH OF FARINA NAGA SACAP under Registry No. 2001-239 FARINA NAGA SACAP assisted by Her mother LORAINIE M. NAGA, Petitioner, -versus-
SPECIAL PROC. NO. 2379-16
THE ADMINISTRATOR AND CIVIL REGISTRAR GENERAL OF THE PHILIPPINE STATISTICS AUTHORITY AND THE CIVIL REGISTRAR OF BUBONG, LANAO DEL SUR, Respondent. X------------------------------------------------X ORDER Before this Court is a verified petition for Cancellation of the Certificate of Live Birth of one Farina Naga Sacap, Petitioner’s Certificate of Live Birth which was registered on July 15, 2001 with the Office of the Civil Registrar of Bubong, Lanao del Sur allegedly contained erroneous entries as to her middle name and surname which was inadvertently entered as Maunte and Naga respectively. Finding the aforesaid petition to be sufficient in form and substance, it is hereby ordered that the same be set for hearing on February 9, 2017 at 8:30 o’clock in the morning. Let a copy of this Order be published at the expense of the petitioner n a newspaper of general circulation in Marwi City and Iligan City for three (3) consecutive weeks. The Civil Registrar of Marawi City, Lanao del Sur, and the Civil Registrar General, Philippine Statistics Authority, Quezon City or any person or party who has an interest in the petition, may file his/her opposition thereto within fifteen (15) days from notice of the petition or from the last day of publication of this Order. Further, let this Order be posted for fifteen (15) days prior to the date of hearing on Bulletin Board of the City Hall of Marawi City, Lanao del Sur, Bulletin Board of Municipality of Bubong, Lanao del Sur; and the Bulletin Board of this Court, also at the expense of the petitioner. Serve copies of this Order, and copies of the petition dated May 18, 2016 and its annexes, to the Civil Registrar of Bubong, Lanao del Sur, the Honorable Solicitor General OSG, Makati City and the Philippine Statistics Authority, Quezon City. SO ORDERED
Marawi City, Lanao del Sur, Philippines, November 10, 2016
BWM: Nov. 28, Dec. 5 & 12, 2016
IN THE MATTER OF THE PETITION SP. PROC. CASE 3332-M FOR CORRECTION OF ENTRY IN THE RECORD OF BIRTH OF ANACORITO SIXTO TABID IN THE CIVIL REGISTRY, CHANGING HIS YEAR OF BIRTH FROM 1962 TO 1952, ANACORITO SIXTO TABID, Petitioner, -versusLOCAL CIVIL REGISTRAR OF THE MUNICIPALITY OF SUGBONGCOGON, MISAMIS ORIENTAL, Respondent. x--------------------------------------------------------/ ORDER Before this Court is a verified petition filed by ANACORITO SIXTO TABID of Salay River-II, Salay, Misamis Oriental, born at Sugbongcogon, Misamis Oriental to Aquelio Tabid (father) and Cristina Sixto (mother), seeking to correct an erroneous entry in his Certificate of Live Birth, that is, his Birth Year from 1962 to 1952. The Court finds the petition sufficient in form and substance and sets the same for hearing on January 18, 2017 at 8:30 oçlock in the morning, (Wednesday), at Branch 42, Regional Trial Court (RTC), Medina, Misamis Oriental. At the expense of petitioner ANACORITO SIXTO TABID, let a copy of this Order be – I. Posted at the (1) Bulletin Board of the Municipal Hall of Sugbongcogon, Misamis Oriental, (2) Bulletin Board of Bgy. Kidampas, Sugbongcogon, Misamis Oriental, and (3) Bulletin Board of this Court. II. Published, once a week for three (3) consecutive weeks, in Mindanao Daily News, located at Tanleh Bldg., Abellanosa St., Consolation, Cagayan de Oro City, the Court’s duly accredited newspaper of general circulation in the Province of Misamis Oriental. The Local Civil Registrar of Sugbongcogon, Misamis Oriental, or any interested person claiming interest on the entry sought to be corrected may file opposition within fifteen (15) days from notice of the petition or from the last date of publication of such notice. Lastly, the Court grants the request of petitioner ANACORITO SIXTO TABID. He is allowed to litigate his petition as a pauper-litigant, hence, is exempt from payment of docket and other legal fees and be charged at cost only on the required publication.
So ordered.
Done in Chambers on November 21, 2016 at Medina, Misamis Orioental.
Republic of the Philippines REGIONAL TRIAL COURT – 10th JUDICIAL REGION Branch 42, Medina, Misamis Oriental -oOo-
(Sgd.) SITTIE LAARNI R. UMPA Presiding Judge
(Sgd.) JUDY A. SIA-GALVEZ Presiding Judge MCLE Exempt # V-000789 10/27/15
BWM: December 5, 12 & 19, 2016
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monday|december 12, 2016
Inspection...
Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 24 Cagayan de Oro City GOLDEN SUN FINANCE CORPORATION, Plaintiff,
from page 2
CIVIL CASE NO. NO. 2012-147-R
-versus- for: COLLECTION OF SUM OF MONEY CECILLE TABACUAN RADAZA, Defendant. x--------------------------------------x ORDER The Motion For the Publication of Judgement filed by the plaintiff’s counsel on September 29, 2016, being meritorious, is granted. Atty. Mario Paul Labis is notified. Let a copy of this Order be furnished to defendant Cecile Tabacuan Radaza, at her last known address. SO ORDERED. GIVEN IN OPEN COURT this 18th day of November 2016, here in Cagayan de Oro City, Philippines. (Sgd.) HENRY B. DAMASING Presiding Judge Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 24 Cagayan de Oro City GOLDEN SUN FINANCE CORPORATION, Plaintiff,
CIVIL CASE NO. NO. 2012-147-R
-versus-
for: COLLECTION OF SUM OF MONEY
CECILLE TABACUAN RADAZA, Defendant. x--------------------------------------/ JUDGMENT This is a compliant for collection of Sum of Money filed by the Plaintiff against herein defendant. Record shows that the Summons issued was not duly served on the defendant for the reason that the latter is no longer residing at her given address. Likewise, the Summons, together with a copy of the Compliant and its annexes, sent to the defendant at her last known address was returned, unserved. On August 15, 2012, Plaintiff filed an Ex-parte Motion for leave of Court for the Issuance of Issuance of Summons by Publication, which was granted in an Order dated December 10, 2012. The Summons was published in the Newspaper called Golden Chronicle for three consecutive weeks, namely: on its June 11-17, June 18-24, and June 25-July 1, all of 2013 issues. On Septrember 4, 2013, the Plaintiff filed a Motion to Declare Defendant in Default, as the latter failed to file an Answer despite the lapse of Sixty (60) days from the last day of publication. The said Motion was scheduled for hearing on September 26, 2013, but was reset on October 29, 2013, for the reason that Atty. Mario Paul Labis, counsel for the Plaintiff, had another legal commitment before Branch 8 of the Regional Trial Court of Malaybalay City, Bukidnon. At the latter date, the Court granted the Plaintiff’s Motion, as shown in the hereunder quoted order: ‘’The Court is in receipt of the Motion to Declare defendant in Default, filed on September 4, 2013, by the plaintiff through counsel, for the reason that the defendant failed to submit an Answer despite the Summons by Publication. The movant’s counsel has manifested that a copy of said Motion was furnished to the defendant at her last known address, but the same was returned, unserved, bearing the notation that the latter has moved without leaving any forwarding address. Thus, the present motion. Wherefore, finding the motion meritorious, being in accordance with Section 3, rule 9 of the Revised Rules of Court, it is hereby granted. X x x’’ In the same Order just-quoted, the Plaintiff was directed to present its evidence, ex-parte, before the Clerk of court of this Branch, who was appointed as Commissioner. Thus, this case being decided on the basis of Plaintiff’s evidence alone, consisting of the testimony of its Branch Manager, Candido B. Amolato, and the following documentary evidence, thus: Exhibits
‘’A’’ ‘’B’’ ‘’C’’ and ‘’C-1’’ ‘’D’’ and ‘’D-1’’ ‘’E’’ and ‘’E-1’’ ‘’F’’ and ‘’F-1’’’ ‘’G’’ and ‘’G-1’’ ‘’H’’ and ‘’H-1’’’ ‘’I’’ and ‘’I-1’’
- Secretary’s Certificate; - Promissory Note; - Credit Application; - Notarized Chattel Mortgage; -Demandletterdated,March16,2011; - Demand letter dated, April 8, 2011; -Demand letter dated, April 20, 2011; - Statement of Account; and -Judicial Affidavit.
From the allegations in the Complaint, testimony of Candido B. Amolato, and the supporting documents submitted, it appear that on August 26, 2010, the defendant applied for a loan with the complainant in the amount of P600,000.00, which was approved, but the amount released to her was only P500,000.00. To secure Plaintiff’s interest for the loan extended, the defendant executed a Promissory Note in the amount of P755,000.00 which included interest of 51% covering a period of 24 months, payable within two (2) years in installments at P31,458.33 per month. Further, the defendant executed a Chattel Mortgage over her Isuzu Truck with Plate No. YGA 365. However, said defendant failed to pay even a single installment of her loan obligation, so the Plaintiff sent a series of Demand letters to the former on the following dates: March 16, 2011, April 8, 2011 and April 20, 2011, giving her five (5) days from receipt of each to settle her obligation in the amount of P157,291.65, for that period, but with an outstanding balance due still in the amount of P755,000.00, but the latter failed to pay. Hence, the filing of this case with a prayer that Defendant be ordered to pay the following: 1. The principal of the loan in the amount of P755,000.00; 2. Liquidated Damages in the amount of P306,089.65;
3. Litigation expense, interest on litigation and attorney’s fee in the amount of P79.178.42; 4. Reimbursement of the amount of P10,000.00 as acceptance fee, exclusive of the attorney’s fee of 25% of the whole amount of the loan; 5. Litigation and other necessary expenses in connection with the filing of this complaint; and 6. To surrender the Isuzu Dump Truck with Plate No. YGA365 in accordance with the application of plaintiff for a preliminary attachment, or in the alternative, the original copy of the owner’s duplicate copy of TCT No. T-208412. The Rules of Court provide that a defending party may be declared in default upon motion of the claiming party, with notice to the former, and proof of failure to file answer within the time allowed for it. Thus ‘’Rule 9. Sec. 3. Default; declaration of.- If the defending party fails to answer within the time allowed therefor, the court shall, upon motion of the claiming party, with notice to the defending party, and proof of such failure, declare the defending party in default. Thereupon, the court shall proceed to render judgment granting the claimant such relief as his pleading may warrant, unless the court in its discretion of evidence may be delegated to the Clerk of Court.’’ Hence, this Decision. The evidence of plaintiff is uncontroverted. Contracts freely entered is the law between the parties, such that defendant Cecille Tabacuan Radaza is bound by the terms and conditions of the Promissory Note and the Chattel Mortgage. The Promissory Note dated September 13, 2010 signed by defendant Radaza, shows her having entered into a loan agreement with the plaintiff for P755,000.00, Inclusive of interest equivalent to 51% for a period of 24 months, payable in installments within the justmentioned period. The first installment in the amount of P31,458.33 was due on October 13,2010, and the succeeding installments the following months thereafter, until the whole obligation is fully paid. It further provides for liquidated damages set at 5% per month on each unpaid installment until fully paid, plus 25% attorney’s fees reckoned from the amount due. Said defendant did not pay the plaintiff even a single monthly installment. A person who receives a loan of money is bound to pay the creditor. From the testimony of Mr. Amolato, through his Judicial Affidavit, It appears that the principal amount granted to defendant was only P500,000.00, while in the Promissory Note the amount is P755,000.00, as it already includes an additional 51% interest, covering a period of 24 months. The defendant is held liable for the unpaid obligation applied for, which is P500,000.00, plusinterest, though reduced to legal rate only, which is twelve (12%) percent per annum, per ruling of the Supreme Court in a case, and as the Court is empowered to equitably reduce interest rates and penalty charges when it is iniquitous and unconscionable. Furthermore, for being unconscionable, the Court reduces the penalty on each unpaid installment of Five (5%) percent per month designated as liquidated damages, to one (1%) percent per annum, as stipulations authorizing excessive interest are contra bonos mores, if not against the law, and when reduction is proper. Lastly, as stated in the Promissory Note, the defendant promised to pay Twenty Five (25%) of the amount due as attorney’s fees in case of non-payment. The Court, however, notes that the litigation in this case is relatively short and easy, the plaintiffs’s evidence having been presented ex-parte only, thus reduces it accordingly. WHEREFORE, the quantum of preponderance of evidence having been established by Plaintiff Golden Sun Finance Corporation from the allegations in its complaint, the testimony of its witness and documentary evidence, Judgement is hereby rendered in favor of Plaintiff and against defendant Cecille Tabacuan Radaza, ordering the latter to pay the former the following: 1. The sum of P500,000.00, representing the principal obligation, plus interest set at 12% per annum, starting on October 13, 2010 untill fully satisfied; 2. Penalty or Liquidated Damages at 1% per annum, computed from the total amount due, starting from finality of this Judgement until fully satrisfied; 3. Litigation and filing expenses, and attorney’s fees in the amount of P75,726.00. SO ORDERED ISSUED this 4th day of April, 2014 at Cagayan de Oro/ City, Philippines.
(Sgd.) HENRY B. DAMASING Presiding Judge
BWM: December 12, 19 & 26, 2016
procedures in sampling and testing to determine the compliance of petroleum products. Further confirmation is being done in the geoscientific research and testing laboratories under the department’s Energy Research and Testing Laboratories in its headquarters in Taguig. Cusi said that initially, inspection results showed that all gasoline samples passed the calibration test for teh quantity of fuels. “But for quality, only one sample is still being confirmed for having methanol at the DOE laboratory,” he said. “We see the need to intensify this campaign to further protect the consumer. That is why this activity is simultaneously b eing done nationwide through the DOE’s Luzon, Visayas and Mindanao field offices.” Cusi assured consumers that these activities will continue to ensure that fuels sold in the market comply with set standards. He also called on the public to remain vigilant and report unscrupulous activities to info@doe.gov. ph. (PNA) CVL/PR/RSM
Debut... from page 2
The film will have two screenings on Friday. One at 9:00 a.m. for students, members of the military, and government employees, while the Gala will be at 6:30 p.m. for members of the business sector, local government officials, educators, opinion leaders, decision-makers, and the media. Tickets are free from the Regional Human Rights Commission, the organizer of the event. (BPI/PIA-10)
Globe... from page 3
Sur to address the problem. Combined, it covers 1,054 hectares and supports 10 municipalities. Hineleban works on t h e re s t or at i on of t h e environment and sustainable livelihood for the Lumads and the Bangsamoro through Transformational Business Partnerships. It has also signed a “Sacred Customary Compact” with the Seven Tribes of Bukidnon, duly recognizing the role of the latter as custodians of the forest. G l o b e Te l e c o m’s partnership with Hineleban is part of its Climate Action Program which advocates for t he protec tion and preservation of the natural resources for succeeding generations. Globe protects the environment in all areas of its operation, manages its industrial waste and carbon footprint, develops products and services with minimal environmental impact, and identifies areas of reduction through alternative energy resources. Globe also implements its e-waste recycling program which promotes the proper disposal of mobile phones and other
electronic wastes. At the same time, Globe engages everyone to live a sustainable lifestyle from donating old mobile phones for recycling, joining reforestation activities or simply opting for paperless billing as a collective effort to a significant contribution towards a greener future. For customers who wish to support Globe’s reforestation efforts, they may request tree codes by texting TREE to 2158-8733. This is an SMS-based donation that automatically reflects in the customers’ postpaid bill at a cost of Php100/tree.
Batas...
from page 4 nitrite also results in the formation of cancer-causing nitrosamines in the human body. And this leads to a sharp increase in cancer risk for those who eat them. “A 2005 University of Hawaii study found that processed meats increase the risk of pancreatic cancer by 67 percent.3 Another study revealed that every 50 grams of processed meat consumed daily increases the risk of colorectal cancer by 21 percent. -ooo R E M I N DE R : W HAT NOT TO EAT DURING CHRISTMAS 2016: “These are alarming numbers. Note t hat t hes e cancer r isks do not come from eating fresh, non-processed meats. They only appear in people who regularly consume processed meat products containing sodium nitrite. S o dium nitrite app e ars predominantly in red meat products (you won’t find it in chicken or fish products). “Here’s a short list of food items to check carefully for s o dium nit r ite and monosodium glutamate (MSG), another dangerous additive: beef jerky, bacon, sausage, hot dogs, sandwich meat, frozen pizza with meat, canned soups with meat, frozen meals with meat, ravioli and meat pasta foods. “Kid’s meals containing red meat, sandwich meat used at popular restaurants, nearly all red meats sold at public schools, restaurants, hospitals, hotels and theme parks.” Now, please consider the foregoing as a reminder what not to eat during
Christmas 2016 -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 H O U R S a d ay, i n t h e Philippines and the world at w w w. f a c e b o o k . c om / angtangingdaan or www. facebook.com/ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.
DBP... from page 9
of heavy equipment for road construction, maintenance, and other purposes. Aside from LGUs and other government agencies, DBP San Jose, Dinagat Islands is also poised to support the education, health care, and SME sectors in the province. The branch is ready to support the growth of various SMEs by providing easier access to financing as well as partnerships towards entrepreneurial skills training and development. DBP remains committed to expanding its market coverage, particularly to the unbanked and underbanked in the countryside. Alongside intensified support for the development agenda of the National Government, DBP continues to enhance its financial services to key areas in the country. (PNA)
Doring... from page 4
religious and philosophical literature and invitation from several institutions. I must confess, that I have been confused many times. I am sorry and I really wish to apologize, if I reject most “of this stuff ”, and, if I decide NOT to answer such emails or text messages. Sure, it’s is Christmas time, but... . May the love and humility the birth of our Lord Jesus Christ signified remain etched in our hearts. Let not the frenetic gift-giving and seemingly endless merriment becloud the pristine message that Christmas imparts. +++ Email: doringklaus@gmail. com. Or visit: germanexpatinthephilippines.blogspot.com or www.klausdoringsclassicalmusic.blogspot.com or follow me in Facebook or Twitter.
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monday|december 12, 2016
Excess... from page 1
“This is a happy problem,” Montenegro said, referring to the oversupply of energy that Mindanao is experiencing, as he compared the situation t h re e ye ars ago w he re Mindanao was struggling to have energy capacity to address rotating power outages. He also described the current energy situation in Mindanao as a complete turnaround, saying, “We now embrace an energy mix wherein there is 700MW going towards 1,000MW energy capacity excess by December and early next year.” The coming on line of power plants that are nearing completion and up for commercial operations this year and early 2017 are among the factors that contributed to the huge energy excess in Mindanao. Montenegro, however, emphasized that the energy capacity excess is also an issue that need to be addressed. “Electricity that is not available is in itself already very expensive; electricity that is available but is not utilized is also equally expensive,” he pointed out. Mindanao must manage well the supply and demand scenario and government must work with the private sector to proactively schedule i nv e s t m e nt s on p ow e r generation, he said. Montenegro said the foreseen over-supply of energy in Mindanao will also not be for long as demand, especially next year, will also increase. “These will be easily eaten up by the incoming demands for electricity that are surging in Mindanao,” he added. Among the demands he noted are the mushrooming of malls, hotels, resorts, real estate projects and other industries in major cities and centers in the island-region. “These are energy hungry industries that will make the demands increase next year,” he said. The government is now looking up to immediately deploy and utilize the excess capacities in energ y in Mindanao. Power sales agreements are already waiting for approval by the Energy Regulatory Commission (ERC) to fully utilize the existing excess on energy. There are a number of pending power supply agreements (PSAs) at the ERC, including those from electric cooperatives and private suppliers of energy, Montenegro noted. There are 33 electric cooperatives and four private energy suppliers currently operating in Mindanao. He said electric cooperatives and private suppliers will be engaged in series of sessions next year to educate them on the operations of the wholesale electricity market. Montenegro added that the energy market scheme will pattern the scheme
implemented by the defunct Interim Mindanao Electricity Market (IMEM). “We will look at the IMEM rules and mechanisms but we will also introduce some modifications,” he said. The government established IMEM in 2013 to fill the supply gaps in Mindanao where various energy players were allowed to sell their extra capacities to energy distribution utilities. The market was suspended the following year due to unres olve d op erat iona l and commercial issues and concerns.
Buyout... from page 1
Casecnan plant, she explained that discussions shall involve the National Irrigation Administration (NIA) because they have relevant interest in the facility at the expiration of its build-operate-transfer (BOT) contract. For CBK, it was stipulated under Section 8.5.1 of its build-rehabilitate-operatetransfer (BROT) deal that counter-party National Power Corporation or its successorfirm PSALM could opt for a buyout of the asset – at least within the prescribed timeline of 2017. According to PSALM, the extent of savings that could be generated from it could be to the tune of R1.8 billion – in favor of the Philippine government. Alzona added that they will similarly pursue privatization of remaining NPC ass ets wit hin t he three-year timeframe set by its Board. The one in the pipeline this year is the mothballed 850-megawatt Sucat thermal plant which is set for divestment on “scrap mode.”
Agriculture... from page 1
coconut chemicals, coconut fiber, coconut cream, coconut milk powder, coconut oil, coconut husk, coconut shell charcoal, coconut water, copra cake/meal, dessicated coconut, fat coconut, fresh young nut, reduced fat coconut, sweetened coconut, toasted coconut, palm acid oil and palm oil’s fatty acid. The GRDP in the region for 2016 is only 3.9 percent while that of the industry sector is at 7.6 percent. The services sector registered a GRDP growth of 5.9 percent. The results were presented in a meeting of regional directors of national government line agencies in Cagayan de Oro last Monday. The regional officials were present to approve Northern Mindanao’s contribution to the Philippine Development Plan 2017-2022. In the past Philippine Development Plan 20102016, the challenges facing the agriculture sector in the country were high cost of production inputs, inefficient supply chain and logistics systems, inadequate provision of irrigation infrastructure, low rate of adoption of te ch nol o g i e s i nclu d i ng mechanization, limited
access to formal credit and financing, climate change, environmental degradation, weak agricultural extension s e r v i c e , c o nt r a d i c t o r y rice polic y, incomplete implementation of asset reforms, limited investments in public goods, limited investments on commodities with comparative advantage, incomplete implementation of the Strategic Agriculture and Fishery Development Zones (SAFDZs) and preparation of Integrated Development Plans and delay in the implementation of rationalization plans. The Cabinet will meet in Janu ar y to e va lu ate whether these challenges were overcome for the past six years. That report will form part of the Philippine Development Plan 2017-2022.
Hydro... from page 1
Hydropower Corporation (PMHC)—a joint venture of MERALCO and Repower Energ y Development C or p orat ion—t hat w i l l ge ne r ate ove r 7 4 G Whr energy annually from Bukidnon’s Pulangui River. In his speech at the plant site visit at 2:00 p.m., December 9, Duterte said “unlike wind turbines that require strong and reliable winds to function properly, the hydropower or run-ofriver as an energy source is safer because the total amount of water in a hydropower system does not change; once
the plant is up and running, the moving water that powers it is free.” Operated by PHMC, Pulanai Plant’s construction w i l l s t ar t i m m e d i ate ly after the groundbreaking and is expected to start commissioning by the first quarter of 2019. The company’s project profile showed that the civil works contract was awarded to InfraCore Development Corporation, a joint venture between triple A contractor Pacific Summit Construction Group and one of Europe’s largest contractor Obrascon Huarte Lain (OHL), which will be using turbines and equipment from the best European manufacturer. Once running, this runof-river project is expected to generate millions for the local government units as part of its share based on the Renewable Energy Act. As a renewable energy power source, it is set to bring forth more than P1.6 million in annual coal and gas savings while reducing the country’s carbon dioxide emissions. This project will also employ more than 400 people during its construction phase. In his groundbreaking rites statement, Duterte also called on the New People’s Army (NPA) to refrain from pulling down the facilities constructed for the people, like hydropower plants, because “obeying laws of the land will mean showing sincerity in talking peace
EXTRAJUDICIAL SETTLEMENT OF ESTATE KNOW ALL MEN BY THESE PRESENTS: This AGREEMENT, made and executed in the Cagayan de Oro City, Philippines, by and among CHONA N. ROA, of legal age, married to Napor B. Roa, Filipino citizens, and with residence and postal address at Tagoloan, Misamis Oriental; NELYBETH N. TUMARA, of legal age, married to Walter B. Tumara, Filipino citizens, and with residence and postal address at Kauswagan, Cagayan de Oro City; MADOLINE P. LEPON, of legal age, married to Amario O. Lepon, Filipino citizens, and with residence and postal address at Tagoloan, Misamis Oriental; SUSAN N. VILLAMOR, of legal age, married to Dionisio Villamor, Filipino citizens, and with residence and postal address at Tagoloan, Misamis Oriental; RONNIE N. PADERNA, of legal age, married to Elma C. Paderna, Filipino citizens, and with residence and postal address at Tagoloan, Misamis Oriental; A PARCEL OF LAND, Lot 21-B, being portion of Lot 21, PLS-799 situated in Barrio of Sta. Cruz, Municipality of Tagoloan, Province of Misamis Oriental, Island of Mindanao. Bounded on the E., along line 1-2 by Lot 26, PLS-799; on the SE., along lines 2-3-4-5-6-7-8-9-10-11-12 by Lot 21-C of Francisco Nabong; on the W., along lines 12-13-14 by Tagoloan River and on the NW., along lines 14-15-16-17-18-19-20-21-22-23-24-25-1 by Lot 21-A of Francisco Nabong. Beginning at the point marked ‘’1’’ n the plan being N. 13 deg. 37’ E., 916.86 meters from BLLM No. 1,PLS 799 to corner ‘’1’’. Thence: 1-2 S., 12 deg. 07’ W., 5.31m. 2-3 S., 87 deg. 18’ W., 15.20m. 3-4 S., 78 deg. 13’ W., 15.16m. 4-5 S., 59 deg. 20’ W., 7.69m. 5-6 S., 47 deg. 26’ W., 1.00m. 6-7 S., 48 deg. 59’ W., 12.80m. 7-8 S., 48 deg. 59’ W., 11.74m. 8-9 S., 51 deg. 58’ W., 27.95m. 9-10 S., 43 deg. 32’ W., 70.63m. 10-11 S., 29 deg. 45’ W., 18.37m. 11-12 S., 63 deg. 22’ W., 10.84m. 12-13 N., 28 deg. 45’ W., 0.62m. 13-14 N., 67 deg. 36’ W., 26.99m. 14-15 N., 63 deg. 23’ W., 5.17m. 15-16 N., 29 deg. 45’ W., 5.17m. 16-17 N., 28 deg. 20’ W., 50.90m. 17-18 N., 43 deg. 32’ W., 22.04m. 18-19 N. 51 deg. 58’ W., 14.55m. 19-20 N., 48 deg. 17’ W., 25.53m. 20-21 N., 52 deg. 40’ W., 8.18m. 21-22 N., 58 deg. 34’ W., 6.90m. 22-23 N., 53 deg. 43’ W., 4.42m. 23-24 N., 78 deg. 13’ W., 10.95m. 24-25 N., 86 deg. 26’ W., 20.44m. 25-1 N., 83 deg. 56’ W., 2.21m. Containing an area of ONE THOUSAND ONE HUNDRED FORTY SEVEN (1,147) sq.m. more or less, all points reffered to are indicated on the plan and marked on the ground by hub. Under the Notary Public of ATTY. STALIN A. BAGUIU, per Doc. No. 149; Page No. 30; Book No. 28; Series of 2016. BWM: December 5, 12 & 19, 2016
with the government.” The project developers, meanwhile, reported that this is their first foray in run-of-river operation in Mindanao. Department of Energy records, likewise, showed that the Pulanai facility
is among the hundreds of hydroelectric power projects that were approved by the agency in 2016, which aims to address the country’s call for additional investments in renewable energy. (RLRBalistoy, PIA10Bukidnon)
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Republic of the Philippines Regional Trial Court 10th Judicial Region Branch 26 Medina, Misamis Oriental -oHOME DEVELOPMENT MUTUAL FUND EJF NO. 348-M (Pag-ibig Fund), Cagayan de Oro Branch, rep. By REYNALDO P. CUE, FOR: Mortgagee, EXTRAJUDICIAL FORECLOSURE -versus- OF REAL ESTATE MORTGAGE UNDER ACT 3135, as AMENDED HYACINTH S. CABANA, BY ACT 4118 Mortgagor. X-----------------------------------------------/ SHERIFF’S NOTICE OF EXTRAJUDICIAL SALE Upon extrajudicial petition for sale under act 3135, as amended by Act 4118, filed by HOME DEVELOPMENT MUTUAL FUND (Pag-ibig Fund) Cagayan de Oro Branch, rep. By Reynaldo P. Cue, mortgagee against Hyacinth S. Cabana married to Sylvester P. Cabana, mortgagor, with residence and postal address at Lot 37, Block 6, Perlita’s Executive Homes, North Poblacion, Medina, Misamis Oriental to satisfy the indebtedness of the mortgagors to the former in the amount of FIVE HUNDRED TWENTY FIVE THOUSAND NINE HUNDRED FORTY FOUR PESOS 7 55/100 (P525, 944.55) Philippine Currency, including interest due, penalties and other charges excluding 10% attorney’s fees and other liquidated damages as of September 26,2016 plus all other expenses incurred in connection with this petition and sale, the undersigned RTC Sheriff sell at Public Auction on January 27,2017 at 10:00 oçlock in the morning or soon thereafter at the Hall of Justice, RTC Branch 26, Medina, Misamis Oriental to the highest bidder for cash and in Philippine Currency, the following property with all improvements thereof to wit: Transfer Certificate of Title No. 136-2014002250 A Parcel of Land situated in the Poblacion, Municipality of Medina, Province of Misamis Oriental, Philippines, bounded and described as follows: Lot Portion of Lots
: 25, Block 7, PCS-10-001586 : 16-G-3-A and Lot 16-G-3-B Psd-10-019173
Is registered in accordance with the provisions of the Property Registration Decree in the name of Hyacinth S. Cabana married to Sylvester P. Cabana, spouses, Filipinos of lawful ages, with residence/postal address at Perlita’s Executive Homes, North Poblacion, Medina, Misamis Oriental. As owner thereof in fee simple, subject to such of the encumbrances mentioned in Section 44 of said Decree as may be subsisting. IT IS FURTHER CERTIFIED that said land was originally registered as follows: Case No: Record No :48250 Orig. Reg. Date : 06 10 1935 Decree No.:559832 Original RD : MISAMIS ORIENTAL OCT No. : OCT-179 Volume No. : A-3 Page No. : 179 Original Owner: This certificate is a transfer from Transfer Certificate of Title 2013000239 (Totally Cancelled) by virtue hereof in so far as the above-described land is concerned.
TECHNICAL DESCRIPTION:
On the NW., along line 1-2 by Lot 16-G-4 Psd-10-004519; On the NE., along line 2-3 by Lot 24; On the SE., along line 3-4 by Road Lot 7; On the SW., along line 4-1 by Lot 26, all of the Cons. Subdivision Plan PCS-10-001586. Beginning at a point marked ‘’1’’ on plan being N., 61 deg. 15’ W., 807.06 M. from BLLM No. 1, Cad 347, Medina, Cadastre, THENCE: N., S., S., W., N.,
77 deg. 04’ E., 7.60 m. to Point 2 12 deg. 56’ E., 9.60 m. to Point 3 77 deg. 04’ 7.60 m. to Point 4 12 deg. 56’ W., 9.60 m.
To point of beginning, containing an area of Seventy Three (73) square meters more or less. All points referred to are indicated on the plan and marked on the ground by PS Cyl Conc. Mons 15 x 40 cm. bearings true.
Area Bearings Description of corners Date of original survey Date of subd. Survey Date approved Geodetic Engineer
: SEVENTY THREE (73) sq. m. more or less : True : by PS Cyl Conc. Mons 15 x 40 cm. : November 6-December 15, 1931 : March 2, to April 11, 1995 : July 13, 1995 : Calvin C. Fernandez
In the event of failure of bidding or auction sale cannot take place for whatever reason, the same will proceed on the following working day, without further notice posting and publication. Prospective bidders/buyers may investigate for themselves the title herein above described and encumbrances thereon,, if any there be.
Medina, Misamis Oriental, November 22,2016.
(Sgd.) ELLOGENE C. ATIENZA RTC Sheriff IV BWM: December 12, 19 & 26, 2016
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monday|december 12, 2016
TOY KINGDOM’S TOP TOYS FOR CHRISTMAS ‘Tis that time of year when kids are making their Christmas wish list, and there’s no other way to play Santa in a big way with Top Toys from Toy Kingdom, the amazing toy superstore. There are the gift sets from well- loved brands - Barbie, My Little Pony, Powerpuff Girls, and Shopkins – that will bring a big smile to little girls; as well as techie stuff like virtual reality glasses that will transport kids of all ages to another world.
My Little Pony Basic Pony. This well-loved pony figure has fancy marks and a whimsical mane. Includes brush and barrettes.
Huggable Powerpuff girls “6 Deluxe doll Star Wars Bladebuilders Lightsaber. Highly customizable set with accessories made just like in the movies with classic lights and sounds.
Star Wars Lead Villain Electrical Mask Includes a voice changer feature to transform into the Lead Villain from the new Star Wars movie.
FREE Publication of PRESS RELEASES for corporate accounts to Mindanao Daily News and BusinessWeek Newspapers
Toys inspired by blockbuster movies – Star Wars Rogue One, Transformers, Power Rangers, and Cars will top any young boy’s list; as will remote control cars and helicopters. Have fun playing Santa as you complete the list of Top Toys available at all Toy Kingdom Express outlets in SM Stores and Toy Kingdom Store in SM City Cagayan de Oro and in most SM Supermalls. Also visit www.toykingdom. ph; ToyKingdomPH at Facebook, Twitter and Instagram.