BusinessWeek Mindanao (December 15, 2017)

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Dominguez hails Bicam’s X approval of tax reforms Briefly

Volume VIII, No. 85

www.businessweekmindanao.com

Friday | December 15, 2017

Market Indicators

As of 5:00 pm Dec. 13, 2017 (wednesday)

FOREX

PHISIX

US$1 = P50.435

8,359.61

9.2

cents

X

25.55 points

F

School repair

i n a n c e Secretary Carlos Dominguez III is happy with the Bicameral Conference Committee’s approval of the first package of the proposed tax reform, gains from which is seen to reach PHP130 billion, near the PHP157 billion projected by the Department of Finance (DOF).

COTABATO City — The education department of the Autonomous Region in Muslim Mindanao (ARMM) is eyeing the immediate repair of seven damaged public schools in Marawi City.

The repair, along with the rehabilitation of 54 other schools across the province of Lanao del Sur, is estimated to cost over P34million, said Alfhadar Pajiji, Department of Education– ARMM assistant secretary.

Post-conflict assessment conducted by DepED-ARMM identified the seven schools in Marawi as the Matampay Elementary School; Tampilong Elementary School; Datu Saber Elementary School; Basak Elementary School; Amai Pakpak Central Elementary School; Pandi Elementary School; and the Marawi City National High School.

Members of the Special Weapons and Tactics (SWAT) under the Davao City Police Office hone their tactical skills on Thursday (14 December 2017) as part of their security strengthening efforts in the city. mindanews photo

Shipbuilding

BSP scraps 28-day TDF offering for Dec. 20 bid

THE Department of Trade and Industry (DTI) is studying Mindanao as a third location for shipbuilding, apart from Subic and Cebu, to be supported with a program of incentives under the second phase of its Manufacturing Resurgence Program (MRP).

DTI Assistant Secretary for industry development and trade policy Rafaelita M. Aldaba told reporters that the department is currently drafting an incentives program for the shipbuilding industry to attract investors and boost local manufacturing, akin to the Comprehensive Automotive Resurgence Strategy Program for the auto industry.

“We are also preparing a support package which could build a maritime industrial heart in the country along with the promotion of the medium and small-sized vessels (which are roll-on, roll-off capable),” she said.

The Finance chief said that the Committee’s approval of the initial Tax Reform for Acceleration and Inclusion (TRAIN) bill encourages Finance officials to work harder for the next batches.

“We are now ready for the TRAIN to leave the station,” he said, citing its advantage on the Duterte administration’s infrastructure program called “Build, Build, Build”.

“The PHP130 billion that we expect from the TRAIN, the net revenue effect, is certainly very close to the bill, the net revenue, that was passed in the House (of Representatives), so we are pleased that the legislature has given us to where we go to begin a really serious infrastructure program,” he said. approval/PAGE 11

The Bangko Sentral ng Pilipinas (BSP) will not be offering the 28-day Term Deposit Facility (TDF) during the auction on Dec. 20 as it continues to be less attractive to banks.

Data released by the central bank Wednesday showed that only the sevenday facility will be offered

for PHP40 billion in next week’s auction.

This week, both tenors received bids that are lower than the PHP40 billion offering.

BSP data show that the short-dated TDF attracted PHP38.92 billion worth of tenders, also lower than last week’s PHP41.269 billion

bids.

This resulted in the drop of bid coverage ratio to 0.9730 from last week’s 1.0317.

Its rate, me anw hi le, improved to 3.4542 percent from last week’s 3.4171 percent.

Tenders for the 28-day facility this week totaled PHP33.015 billion, higher

than last week’s PHP32.84 billion.

This resulted in the hike of its bid coverage ratio to 0.8251 from 0.8210 last week.

However, its rate slipped to 3.4954 percent from the pre vious week’s 3.4940 percent.

BSP Deputy Governor scraps/PAGE 11

The Philippines will be pushing for three key agenda for inclusive globalization during the 11th World Trade Organization (WTO) Ministerial Conference from December 11 to 13 in Buenos Aires, Argentina.

Department of Trade and Industry (DTI) Secretary Ramon Lopez cited the country’s priorities in the WTO meeting which include

eliminating trade-distorting domestic support and export subsidies, special safeguard mechanism (SSM) for agriculture, and a Ministerial decision on micro, small, and medium enterprises (MSMEs) work program considering development levels of countries.

Lopez said in order to have a global fair trade, tradedistorting domestic support

by developed and developing countries retaining domestic support entitlements as well as the elimination of all forms of export subsidies must be substantially reduced, if not, eliminated.

As the country’s chief negotiator in the WTO, Lopez will bat for inclusive global trade that will encourage participation of MSMEs in inclusive/PAGE 11

Paul Mayer, deep sea pilot and researcher of R/V Petrel, talks about the remotely operated underwater vehicle (ROV) to reporters at the Surigao City Port on Thursday (7 Dec 2017). The hi-tech vessel located 5 Japanese warships sunk during the Battle of Surigao Strait in World War II during a week-long expedition towards the end of November. mindanews photo by roel n . catoto

PH pushes for inclusive globalization in WTO

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OSSCO excels in innovation; hits 1.6-M mark

The labor department’s one-stop service center has been listed by the Asian Productivity Organization - Center of Excellence on Public Sector Productivity as one of the Philippine government programs excelling in Innovation and Productivity Initiatives, specifically in Service Quality category.

This as the number of workers served by the One-Stop Service Center for OFWs (OSSCO) hit a 1.6-million mark for over a year that it brought together all government agencies in one location to

serve Filipinos working or intending to work abroad.

Asian Productivity Organization is a regional intergovernmental organization composed of 20 economies that work for the sustainable socioeconomic development of Asia and the Pacific by enhancing productivity.

As of November 30, OSSCO served 1,623,495 Filipino workers at Philippine Overseas Employment Administration central office in Mandaluyong City and in 16 other excels/PAGE 11

Economy

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DOLE to employers: Observe holiday pay rules

I

n celebration of the yuletide season, the Department of Labor and Employment (DOLE) reminded employers in the private sector to observe proper pay rules for Christmas, New Year, and Rizal Day. Pursuant to Proclamation No. 50, Series of 2016 signed

by President Rodrigo Roa Duterte on August 16, 2016 declaring December 25 and 30, 2017, and January 1,

2018 as regular holidays, the labor department issued Labor Advisory No. 13 prescribing the appropriate pay for the said holidays: If the employee did not work, he or she shall be paid 100 percent of his or her salary for that day ([Daily Rate + COLA] x 100 percent); If the employee worked, he or she shall be paid 200 percent of his or her regular salary for that day for the first eight (8) hours ([Daily Rate + COLA] x 200

percent); If the employee worked in excess of 8 hours (overtime work), he or she shall be paid an additional 30 percent of his or her hourly rate on said day (hourly rate of the basic daily wage x 200 percent x 130 percent x number of hours worked); If the employee worked during a regular holiday that also falls on his or her rest day, he or she shall be paid an additional 30 percent of his or her daily rate of

200 percent [(daily rate + COLA) x 200 percent] + [30 percent (daily rate x 200 percent)]; If the employee worked in excess of 8 hours (overtime work) during a regular holiday that also falls on his or her rest day, he or she shall be paid an additional 30 percent of his or her hourly rate on said day (hourly rate of the basic daily wage x 200 percent x 130 percent x 130 percent x number of hours worked). #PaulAng

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A family-friendly event showcasing creativity and resourcefulness, Maker Faire is a combined celebration of science and art that first originated in the United States in 2006. As part of Xavier Festival Days 2017, junior high students hold their own version of Maker Faire last Friday at the Pueblo campus in Cagayan de Oro City. photo by mark francisco

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Opinion

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Ruffy magbanua Peace has remained elusive in the land of my birth -Mindanao.

Ahead of the much awaited Christmas break, NPAs, now tagged as terrorists made lighting attacks on police stations, conducted ambushes here and there, enough to scare off peace-loving, Godfearing Mindanaoans.

Member: Philippine Press Institute Oro Chamber

How do I talk to God think a minute

jhan tiafau hurst Think a minute…Who do you enjoy being with most?

We usually enjoy friends who make us feel accepted the way we are. When we’re at our worst we still know that they accept us, even if they don’t approve and agree with what we’re doing. We enjoy friends with whom we can be totally “real” and honest. Pretending to be someone you’re not gets tiring. When you talk with your close friends, do you use formal words you would use with a high government official, minister or pastor?

Of course, not! With your close friends and buddies you can just be yourself and have honest, heart-to-heart talks.

You see, that is how God wants you and me to talk with Him. God wants so much to be your best friend. Everyday He wants to have a good, heart-to-heart talk with you.

God doesn’t want to hear big, fancy words and formal prayers. He wants you and me to be ourselves with Him. He wants us to tell Him how we really feel inside, when we’re happy, sad, even angry. When Jesus Christ taught His closest friends how to pray, He used the everyday street language of His culture. Jesus did not teach us to say formal, memorized prayers using big, religious words. In fact, Jesus shocked all the religious leaders when He said we should call God “Dad.” But the only way to be on speaking terms with God is you must ask Jesus Christ to forgive you and take full charge of your life everyday.

Then as you live for Jesus everyday, He will start showing you what your father in heaven is truly like and how much He loves you. Jesus will show you how to live His successful, right way for the rest of your life. Jesus will always listen and understand how you’re feeling and what you’re facing in your life. So this moment, why not talk to Jesus and ask Him to take control of your heart and life? Then you can enjoy talking with Him everyday as your best friend and Lord who loves you more than anyone does.

Just Think a Minute…

Thanks but no thanks to the war-freaks, the idiots and the fools in our midst, who feared no angels as t h e y c o nt i nu e t o s ow terror in what authorities considered an “isolated case” – a corrupted excuse every time a tragic incident occurs elsewhere in the four corners of this strife-beaten island.

And speaking of terror, Cagayan de Oro is not an exception, either. Known far and wide as the “friendliest” city in the south, it has again hugged headlines following the early dawn killing of one of the country’s respected and dynamic academic icons – Dr. Ricardo Rotoras, university president of USTP. And it happened right smack in the heart of the city.

If I may ask now: “What’s happening to our city, Mayor Oca Moreno?”

This too familiar question is equally shared by wellmeaning Cagay-anons on how safe the city from all forms of criminality – from petty crimes, daylight heist and to the proliferation of drugs, among others this time of year where merry making abound in celebration of the Yuletide season.

For a long, long time, terror and underdevelopment gripped this island, long forsaken (read: forgotten) by Imperial Manila’s distorted thinking -- that when Manila sneezes, Mindanao gets the cold.

And as I write this piece, a running gun-battle is happening somewhere in

Basilan with the embattled military in hot pursuit of the evasive Abu Sayyaf, a hideand-seek guerrilla gunfight in Agusan between the military and maoist rebels turned terrorists, and the so-called marginalized sector of the society still holding their foothold to gain notice for the government to give them food to eat this season of giving.

The list of atrocities continue as the remaining days of 2017 catches up with the breezy, cold temperature of December.

A n d j u s t n o w, temperatures ran high in the halls of Congress as majority of our law makers approved the extension of martial law for at least another year in peace/PAGE 9

Jesus’ visitors were “wise men”, not kings Kakampi mo ang batas

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Elusive peace

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Batas Mauricio LIFE’S INSPIRATIONS: “… After Jesus was born in Bethlehem in Judea, during the time of King Herod, Magi from the east came to Jerusalem and asked, `Where is the one who has been born king of the Jews?

We saw his star when it rose and have come to worship him’…” (Matthew 2:1-2, the Holy Bible).

-ooo CHRISTMAS MYSTERY III: JESUS WAS VISITED

BY WISE MEN, NOT BY “THREE KINGS”: One of the more important narratives about Christmas pertains

to the men referred to as “Magi from the East” who went to Bethlehem shortly Jesus was born. What was the reason why they went to Jesus, even if they had to travel from afar?

It is clear from the Bible itself that these wise men were not believers. They were not from Israel, but were from the east. And, for sure, they were not “three kings”, as some have been claiming through the ages. We also do not know their names, so that calling them Melchor, Gaspar and Balthazar had no basis at all.

According to the writings of those who researched on this, the wise men were no ordinary men, and instead were learned in the art of studying heavenly signs, particularly the signs from the stars. Based on their appreciation of these signs, they learned that Israel was going to be the place where the “king of the Jews” would be born. That prompted

them to go to that place.

-ooo WHY DID THE WISE MEN VISIT JESUS? As I see it, the visit by the Magi of Jesus was intended to impart important messages.

The first was that, Jesus was recognized as the “king of the Jews”. But even then, Jesus was no ordinary king.

He was “king” not only of the Jews or the Israelites, but of other people, or people from far away places like the wise men, as well.

Then, His birth was proclaimed and prophesied not only by the prophets of God in Israel, but even by learned men from other places, very much like the wise men who travelled assiduously to visit Him. If we will pay closer attention, we will realize further that these wise men also brought gifts to Jesus. And the gifts were no ordinary presents. They were gold, incense, and myrrh, which indicate that the recipient was somebody

truly great.

-ooo THE WISE MEN’S VISIT PROVED JESUS IS GOD: Most importantly, I am convinced that the visit of Jesus by the wise men constituted great proof that He is the God who came down to earth from heaven, in human likeness and form, with flesh and blood, and accepted in Himself the penalty for man’s grievous sinfulness. Fact is, their quest was based on divine signs, which clearly were from God. Second, the wise men were guided in their long journey to find Jesus by a star. This was no accident, since no man, then and now, had the power to direct the movements of a star. Only God has the power to do this.

Third, the wise men travelled far, to worship Jesus. The Bible did not say why they worshipped Jesus when they finally saw Him batas/PAGE 9

Anxiety has no place in our life hints and traces

roy cimagala Sad to say, there is an increasing number of cases of anxiety around the world. More and more people seem unable to handle the pressures and the problems in life, and some of them have plunged to the extreme situations of losing their mind and committing suicide.

It’s sad because in the first place anxiety and all forms of undue worries and fear really have no place in our life. The whole problem stems from the fact that many people do not anymore have a living relation

with God who assures us with all the security we can have even in our worst conditions.

How many assurances have we received from Christ as recorded in the gospel and yet we still manage to fall into useless and destructive anxieties? To mention a few, we have the following: “In this world you will have trouble. But take heart!

I have overcome the world.”

(Jn 16,33) “Do not worry about your life, what you will eat or drink; or about your body, what you will wear…But seek first his kingdom and his righteousness, and all these things will be given to you as well.” (Mt 6,25.33) “Come to me, all you who are weary and burdened, and I will give you rest. Take my yoke upon you and learn from me, for I am gentle and humble in heart, and you will find rest for your souls.” (Mt 11,28-29) “Peace I leave you, my peace I give you. I do not give

to you as the world gives. Do not let your hearts be troubled and do not be afraid.” (Jn 14,27) St. Paul reiterates the same idea in many instances. To cite one: “Do not be anxious about anything, but in every situation, by prayer and petition, with thanksgiving, present your requests to God. And the peace of God, which transcends all understanding, will guard your hearts and your minds in Christ Jesus.”

(Phil 4,6-7) We have to let go of our own estimation of things, and while always asking for God’s grace and making our due effort, let us conform our mind and heart to the reassuring words of Christ.

God is always in control. His providence is always wise and can draw good from the evil that we can find ourselves in.

It’s important to be rid of anxieties so that we can give our full attention to what we

are supposed to do, that is to do a lot of good out of love for God and for everybody else. These anxieties do not help us any. They only make things worse.

We have to remember that Christ has already resolved everything for us, including death and all the other problems we have that do not have any more human solutions.

In many instances in the gospel, Christ told his disciples not to be afraid of him when he made some mysterious appearances to them as when he walked on water (cfr Mt 14,22-33) or when he appeared to them after his resurrection.

This is the hurdle we have to overcome. Christ always intervenes in our life, either in a hidden way or quite openly. In any case, we should be certain of this truth, and act accordingly.

Let us not be afraid of him. He is the one who will conquer all our anxieties, worries, and fears. roycimagala@gmail.com.

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Friday | December 15, 2017

Jose Vicente Escoso Quezoñ City based religious icon collector returned the Birhen SA Cotta Icon after 42 years of searching.

FAITH TOURISM:

Nuestra Señora dela Immaculada Concepcion y del Triunfo dela Cruz de Mipangi "Birhen Sa Cotta" Returns Home

By Joe Palabao

A

fter forty two (42) years of searching, waiting, praying and hoping, the Miraculous Image of Birhen sa Cotta known as Nuestra Señora dela Immaculada Concepcion y del Triunfo de la Cruz de Mipangi has finally come home and housed at the Immaculate Concepcion Cathedral of Ozamiz City through a religious icon statue collector Jose Vicente Escoso from Quezon City last December 8 during the Feast of the Immaculate Concepcion.

In the spirit of Faith Tourism, thousands and thousands of Catholic Devotees, the faithfuls, foreign, domestic and local tourists with joyous and thankful hearts welcomed the historic arrival of the two hundred sixty two (262) year old Birhen SA Cotta brought to Ozamiz City in the Year 1765 by the Spaniards at the old Spanish Fortress now considered a Historical Cultural and Pilgrimage Destination.

At exactly 830am in the historical morning of December 8, 2017 Birhen sa Cotta arrived at the Fortress of Ozamiz City welcomed by

thousands of devotees.

A very appropriate ceremony was held with the Clergy of the Archdiocese. Devotee Hon. Governor Hermie Ramiro offered for consecration to the Birhen sa Cotta the whole of the Province of Misamis Occidental and also Hon. Mayor Irene Luansing requested for protection for the whole City of Ozamiz.

The Archbishop of the Archdiocese of Ozamiz offered the people of Misamis Occidental and of Mindanao for protection and healing through the intercession of the Miraculous Birhen sa Cotta.

After the Religious Ceremony the Image was brought to Her Original Home through a procession to the Immaculate Concepcion Cathedral and a Thanksgiving Mass was concelebrated with Archbishop Jomao-as.

Former Sacristan Mayor of the Immaculate Concepcion Cathedral in 1975 Primitivo Pailden told Business Week Mindanao during the investigation of the disappearance of the Image he was even considered a prime suspect but thanks to the intercession of

The consecrated Birhen sa Cotta

Former Sacristan Mayor, Primitivo Pailden in 1975 at the time Birhen sa Cotta was stolen. He is instrumental in making negotiation with the Icon Collector.

The Image Birhen sa Cotta at the Spanish Fortress of Ozamiz City

Birhen sa Cotta he was spared. He is a retired employee of PNB and now an active church leader. He was commissioned to make representation for and in behalf of the Archdiocese of Ozamiz City to coordinate with the Icon Collector JV Ascoso who owns the Image after he acquired Her from another collector.

At A Glance - After years of searching, a Marian devotee from Ozamiz City who came to Manila for a visit,

saw the all-too-familiar Statue at a collection display, took a picture of it and posted the photo on FB. Thanks to GMA for featuring on TV - which started Birhen sa Cotta journey back Home began and on December 8, 2017, the Icon returned to the Cathedral after 42 years of being away from its hallowed Sanctuary.

As to the Icon collector JV Ascoso from Quezoñ City was very willing to return the statue and

thanked God for making him a part of the religious journey of the Statue. Being an Icon Collector he did spend millions but with God’s blessing he returned the Icon for the millions of Devotees of the Blessed Virgin Mary Birhen sa Cotta.

JV Ascoso personally delivered the Statue back to the City where the the Blessed Virgin’s Image has served as inspiration for devotees for the last 262 years.

He received Certificate Appreciation from the Archdiocese of Ozamiz City and through a Resolution from the LGU of Ozamiz City he is now an adopted son of the City.

This development will boost the Faith Tourism Destination and Industry of Ozamiz City and the Title as A Historical Cultural and Pilgrimage Destination of the Country as stated by the super active Regional Director X May Salvana Unchuan.

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Banking&Finance

BSP keeps rates steady T

By Joann Villanueva

he Bangko Sentral ng Pilipinas’ (BSP) policy-making Monetary Board (MB) on Thursday maintained anew the central bank’s key rates after noting that inflation environment remains broadly unchanged.

The rate of the reverse repurchase (RRP) facility is still at 3 percent, the repurchase (RP) rate is at 3.5 percent, and special deposit account (SDA) rate is 2.5 percent.

In a briefing, BSP Deputy Governor Diwa Guinigundo, after reading the Governor’s statement, said the latest baseline inflation outlook points to a level that is within

the government’s 2 to 4 percent inflation target for 2017-19.

This, even as price movement of oil in the international market remains an upside risk on the domestic rate of price increases.

Guinigundo said based on their study, even as the price of oil in the international market reaches around USD60 a barrel, this “will not be enough to offset the target.”

The Board also kept the BSP’s 3.2 percent, 3.4 percent, and 3.2 percent average inflation projection for this year until 2019.

With regards to the

impact of the proposed tax reforms, the central bank official said that “while there may be potential transitory effects on consumer prices from the proposed tax reform program, various mitigation measures and the resulting improvement in output and productivity are also expected to temper the impact on inflation over the medium term.”

Guinigundo said uncertainty remains on what would be final in the proposed tax reforms since there have been some changes based on what lawmakers have approved and what the Department of Finance (DOF) has proposed.

“At this point, it is very

premature for us to talk about implications of the tax reform,” he said but stressed that reforms in the country’s tax system are “necessary to allow the national government to undertake those infrastructure projects,” he said.

The Duterte administration has proposed changes in the country’s tax system due in part to fund its massive infrastructure program eyed to further lift domestic growth and expand its potential output.

Guinigundo also cited the looming reforms in the rice industry, in line with the proposed use of tariffs in lieu of quantitative steady/PAGE 9

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ADB upgrades PH growth forecasts for 2017, 2018

By Leslie Gatpolintan

The Asian Development Bank (ADB) has upgraded its gross domestic product (GDP) growth forecasts for the Philippines this and next year on the surge of the government’s infrastructure program.

The ADB also expect the country to remain the fastest growing economy in Southeast Asia.

ADB raised the Philippine Gross Domestic Product (GDP)growth forecasts from 6.5 percent to 6.7 percent for 2017, and from 6.7 percent to 6.8 percent for 2018.

“This outlook assumes that growth in the government’s infrastructure program will accelerate, supported by improvements in

budget execution, with more large investment projects under way,” said in a supplement to its Asian Development Outlook Update 2017 report.

The Philippines and Vietnam are expected to reach the same growth level this year. In 2018, the country, however, is forecast to outpace Vietnam with GDP growing by 6.7 percent.

The Philippine economy expanded by 6.7 percent in the first three quarters of 2017 on accelerating investment and robust consumption.

Public expenditure accelerated, particularly for infrastructure. upgrades/PAGE 9

PSEi up, peso stays flat amid Fed rate hike

By Joann Villanueva

PSEi up, peso stays flat amid Fed rate hike The Philippine Stock Exchange index (PSEi) rose for the second day in a row Thursday while the peso finished almost unchanged on expected rise in the Federal Reserve rates.

PSEi rose by 1.21 percent, or 101.45 points, to 8,461.06 points, which a trader traced primarily to anticipation for the approval of the proposed tax reform program now being deliberated by the Bicameral Conference Committee.

The trader said hike

in the Fed rates by 25 basis points to between 1.25-1.50 percent has been expected.

“Focus now is more on the path of the tax reform as this will benefit the economy as a whole,” the trader said.

Meanwhile, the Bangko Sentral ng Pilipinas’ (BSP) policymaking Monetary Board (MB) kept rates steady Thursday on expectations of withintarget inflation rate in the near term and the lack of need to adjust policy settings given the robust performance of the domestic economy.

With risk-on

sentiment up, the broader All Shares tracked the main index after it rose 1.16 percent, or 56.56 points, to 4,938.54 points.

Most of the sectoral indices also went up except the Mining and Oil, which fell 1.02 percent, due to fears of hikes in coal’s excise tax, which is now being discussed during the Bicameral Conference Committee.

The gainers were led by the Holding Firms, which rose 1.79 percent, followed by the Services, 1.45 percent; Property, 0.98 percent; Industrial, 0.76 percent; and

Financials, 0.56 percent.

Volume for the day reached 1.84 billion amounting to PHP7.62 billion.

Gainers led losers at 110 to 103 while 33 shares were unchanged.

The peso finished the day’s trade at 50.47 from 50.48 a day ago.

It opened the day at 50.37, way better than the 50.50 Wednesday.

It traded between 50.35 and 50.48, resulting to an average of 50.39.

Volume for the day amounted to USD475.7 million, lower than the USD576.95 million.

(PNA)

BSP scraps 28-day TDF offering for Dec. 20 auction The Bangko Sentral ng Pilipinas (BSP) will not be offering the 28-day Term Deposit Facility (TDF) during the auction on Dec. 20 as it continues to be less attractive to banks.

Data released by the central bank Wednesday showed that only the seven-day facility will be offered for PHP40 billion in next week’s auction.

This week, both tenors received bids that are lower than the PHP40 billion offering.

BSP data show that the short-dated TDF attracted PHP38.92

billion worth of tenders, also lower than last week’s PHP41.269 billion bids.

This resulted in the drop of bid coverage ratio to 0.9730 from last week’s 1.0317.

Its rate, meanwhile, improved to 3.4542 percent from last week’s 3.4171 percent.

Tenders for the 28day facility this week totaled PHP33.015 billion, higher than last week’s PHP32.84 billion.

This resulted in the hike of its bid coverage ratio to 0.8251 from 0.8210 last week.

However, its rate

slipped to 3.4954 percent from the previous week’s 3.4940 percent.

BSP Deputy Governor Diwa Guinigundo attributed the lower bids in this week’s TDF auction to the banks’ higher demand for liquidity in line with the holidays.

He also explained that “TDF offerings are based on our careful liquidity forecasts”.

“Our numbers suggest that banks continue to lend more, buy foreign exchange for imports, debt servicing and foreign investments.

Hence, they have

sustained demand for funds that would translate into lower excess demand in the system,” he said.

The central bank officials, thus, pointed out that “it follows that the BSP should trim its open market operation lest we see tight market conditions”.

“Banks continue to demand very short-term instruments like the seven-day TDF to allow them greater flexibility in servicing the needs of their clients and deploying the rest of their funds,” he added.

(Joanne Villanueva/PNA)

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7 Panaad Stadium to host 2017 PFL final T Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

friday|december 15, 2017

By Ivan Stewart Saldajeno

he Philippines Football League (PFL) officially announced Monday that the Panaad Stadium in Bacolod City will host Saturday night’s PFL showdown between Ceres Negros and Global Cebu for all the marbles.

In a statement, the PFL cited Article 2.11 of its tournament regulations, under which the selection of the host stadium for the final match is based not just on the availability of

the stadium, but also on a variety of factors, among them commercial, marketing, and financial considerations.

With the announcement, Negros will now have a chance to clinch the title in the knockout game in front of excited fans.

The decision was made hours after Cebu made public its intent to host the final match.

In a meeting with officials of the Final Four teams last

Sports

Nov. 29, the league said the Cebu City Sports Complex is unavailable due to lighting and pitch conditions, contrary to the club’s statement that it is available.

Despite being a consolation match, much is at stake in the clash, including a spot in next year’s Asian Football Confederation (AFP) Cup, which depends on how far the winner of the NegrosCebu showdown would go in its AFC Champions League bid. (PNA)

Ginebra, SMB, TNT teams to beat in PH Cup: PBA Board

By Ivan Stewart Saldajeno

They may still have opposing views regarding the commissionership in the PBA but on Wednesday, board members shared a common take in terms of which teams will likely prevail in the Philippine Cup. The board members-or their representatives for the cases of Meralco and TNT--believe that

TNT, San Miguel, and Ginebra are the favorites to win the muchcoveted championship in the season opening conference starting Dec. 18.

During the pre-season press conference at the Okada Manila Grand Ballroom, the team governors said that the intact cores for the said ballclubs will suffice for

their dominance in the Philippine Cup. Despite first overall pick Chris Standhardinger not suiting up due to his commitments with Eastern in the ABL, the Beermen, the defending champions, remain a formidable squad with reigning MVP Junemar Fajardo, Defensive Player of the Year Chris Ross, Arwind Santos, Alex Cabagnot, and Marcio

Lassiter leading the way.

Meanwhile, the Barangay, fresh from defending the Governors’ Cup title last October, will still have Greg Slaughter, LA Tenorio, Japeth Aguilar, Scottie Thompson, and Sol Mercado in the fold among their other key players plus the arrival of rookie Jett Manuel and new acquisition Arth Dela Cruz.

Only the retirement of

Jayjay Helterbrand is the other key difference from last year’s roster.

The KaTropa will also boast an intact lineup featuring national team players Jayson Castro, Troy Rosario, and Rookie of the Year RR Pogoy.

However, Kia governor Bobby Rosales believes there is another team to watch out this conference.

“I believe the dark horse here is NLEX,” Rosales said.

Magnum Membrere, who represented TNT for Pato Gregorio, actually added the Road Warriors to his teams to beat.

Following dismal finishes in the first two conferences, NLEX came out firing in the Governors’ Cup, starting the conference 5-0, only to fizzle out in the end.

Kiefer Ravena’s arrival, however, could turn the tides for the Yeng Guiaoled side. (PNA)

8

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When you’re in Davao City, Read:

HOTELS & RESORTS DIRECTORIES

VILLA MARGARITA HOTEL J. P Laurel Avenue, Bajada, Davao City, Philippines Tel. No.: (082) 221-5674 / Fax No. (082) 226-2968 MICROTEL

By Wyndham Davao Damosa Gateway Complex Angliongto Rd., Lanang Davao City 8000, Philippines Tel +63 82 233 2333 / Mobile +63 917 795 3548 www.microtelphilippines.com PINNACLE HOTEL Sta. Ana Avenue, Davao City.

No. (082) 300-5885 Telefax: 300-1881/ 221-3025 Website: www.thepinnaclehotel.com ALU HOTEL M. Roxas Avenue corner Padre Faura Street, Davao City.

Tel No (63 82) 221-5232 / Mobile (O943) 652 3927 Email: aluhoteldavao@yahoo.com info@alu-hotel.com / www.alu-hotel.com GRAND REGAL Km 7 Lanang, Davao City, Philippines Tel. 235-0888 / Fax 235-2335 email: grandregalhotelegmail.com

VIAJEROS ECONOMY HOTEL Patnubay St., Sandawa, Matina, D.C Tel. No. 297-5710 / Telefax (6382) 298-5134 Mobile: 0922.-8268425 Website: www.viajeroseconomyinn.com

ROYAL MANDAYA HOTEL J.Palma Gil St., Davao City 8000 Phils.

Tel. No. (082) 225-8888 / fax No. (082) 225-1885 info@theroyalrmandayahotel.com www.theroyalmandayahotel.com HOMITORI Bangoy Street corner Santa Ana Avenue, Davao City Tel. No. (082) 295-2969 & 295-2471 / Mobile: (0922) 8994646 Email: homitoridvo@gmail.com or Like us on www.facebook.com/pages/Homitori-Davao BIG APPLE HOTEL Brgy. Angliongto, Lanang, D.C. Hotline Nos.: (082) 234-8459 Facebook account: bigapplehotel@ymail.com Email: bigapple_hotel@ymail.com

THE PERIDOT SUITES Carmelite Drive, Lanang, Davao City Tel. no.: (082) 305-6530 / Fax no.: (082) 305-38I2 Email: theperidotsuiles@gmail.com AZIENDA MEO APARTELLE 11 Corner Pioneer and Doña Vicenta Village, Phase 1, Davao City Telefax. No: (082) 227-4119 & 284-6689 Cell Phone No. 09256652626 Website: www.aziendameo.com Email Add: aziendameo@yahoo.com.ph Big 8 Corporate Hotel Visayan Village, National Highway, Tagum City Mobile nos. 09173029063 & 09328539372 Tel. No.: (084)216-0888 Email: info@big8corporatehotel.com www.facebook.com/big8corporatehotel.com www.big8corporatehotel.com HOTEL ELENA Avenida Santos Ave., Nova Tierra Vill, Lanang, D.C Tel. Nos. (082) 233-1941 & 305.8799 / fax No. (082) 233-1887 PARADISE ISLAND Tel. No. (082) 233-0251 & 300-2343 / CP No.: 09209546780 E-mail: paradiseislanddavao@gmail.com MARCO POLO DAVAO C.M Recto St., Davao City davao@marcopolohotels.com www.marcopolohotels.com (63 82) 221-0888 HOTEL ESSE Brgy. 9-A F Torres Street, Davao City Hotline: No: 227-37-73 / Fax: 295-34-85 Website: www.hotelessedavao.com.ph Email Add: hotel_esse_davao@yahoo.com RUEMANGO APARTELLE & SUITES 516 Mangga St., Juna Subd., Matina, Davao City ruemangoapartelleandsuites@gmail.com www.ruemango.com Tel. Nos.: (082) 295-7175/ 295-7180

China to donate solar lights to Antique province, El Nido town in Palawan

C

hina is donating close to 3,000 units of solarpowered LED street light and home solar power system to help communities in the province of Antique and the municipality of El Nido in Palawan province combat climate change.

This, as Secretary Roy A. Cimatu of the Department of Environment and Natural Resources (DENR) and China’s Zhang Young, vice chair of the National Development and Reform Commission (NDRC), signed a memorandum of understanding (MOU) for the grant of solar energy devices to Antique and El Nido.

areas in the Philippines and reduce carbon emissions,” Cimatu said.

Under the MOU, the DENR is tasked to oversee the delivery of 2,117 units of solarpowered street light and 769 units of household solar power system to the beneficiaries.

In Antique, a total of 100 barangays or approximately 116,080 individuals will benefit from 1,562 units of solar LED street light, while 151 barangays or approximately 179,848 individuals will gain from 769 units of household solar power system.

A total of 555 units of solar LED street light will be distributed to 6 barangays in El Nido,

with 7,025 residents expected to benefit from the donation.

The DENR agreed to assume all the taxes and other arising costs for the goods upon entering Philippine territory, and for clearance, delivery and transportation of goods once they arrive.

The agency will also supervise the installation of the devices and provide trainings for technical staff.

From time to time, the DENR and the NDRC will coordinate and establish task forces and liaison on the progress of the issues related to the implementation of the MOU in order guide both parties and evaluate the results.

P4 billion benefits in settled disputes

Government winning war vs contractualization

The labor department has sustained a stable industrial climate having resolved cases involving P4.249 billion collective bargaining benefits and other monetary claims covering 83,039 workers in the first 18 months of the Duterte administration.

Citing the report of National Conciliation and Mediation Board (NCMB), Labor Secretary Silvestre Bello III said the speedy settlement were made through the Alternative Dispute Resolution (ADR) mechanism, which recorded a total of 53,958 resolved cases.

“Alternative dispute resolution is our strategy to ensure speedy delivery of labor justice. We have sustained industrial peace through the fast settlement of labor disputes,” Bello said.

Based on the report, 53,148 labor cases were

The MOU signing was held at the Reception Hall of Malacañang Palace during the recent visit to the Philippines of Chinese Premier Li Keqiang.

“The agreement was signed to strengthen mutual trust and cooperation between the two parties to effectively mitigate the adverse effects of climate change and improve social wellbeing,” Cimatu said.

According to Cimatu, the donation from the Chinese government will help promote the use of renewable energy in local communities to mitigate climate change impacts.

“We hope that through this agreement, we will be able to promote renewable energy in the far-f lung

settled through the Single Entry Approach (SEnA) that yielded P2.149 billion in monetary benefits to 67,815 workers.

Also, a total of 207 cases with notices of strike/lockout (NS/L) were settled with monetary awards to 13,821 workers amounting to P1.915 billion.

On the preventive meditation (PM), 603 resolved cases were recorded with P185.152 million monetary gains to 4,103 workers.

“One of the most significant labor cases we settled was the long drawn labor case involving Rubberworld Philippines Inc., and its workers’ union. After 22 years, both parties agreed to settle their differences through a series of conciliation conferences facilitated

by Undersecretary Maglunsod,” Bello said.

Also, some of the

companies/employers with high settlement of money claims include Kepco SPC Power Corporation with P130 million monetary benefits to 96 workers; Novartis Health Care Phils., Inc. with P34 million to 137 workers; Capitol Medical Center with P20.52 million to 600 workers; and Pepsi Cola Philippines, Inc. with P13 million monetary benefits to 110 workers.

The labor secretary meanwhile underscored the increased operation of Labor Management Cooperation (LMCs) and Grievance Machineries (GM) in companies that were helpful in resolving disputes through its promotion of good labormanagement relations.

“We will continue our efforts to further bolster ADR mechanisms to ensure stable and just climate of industrial peace,” Bello said. END/ Abegail De Vega

The government is winning the war to eliminate labor-only contracting and other forms of illegal contracting arrangements, Labor Secretary Silvestre Bello III said yesterday.

Citing a year-end report from Bureau of Working Conditions (BWC), Bello said that 125,352 workers are now benefitting from regular employment status, including those set for regularization towards the end of the year.

“We are ending this year with more workers enjoying stable employment status through our intensified labor inspections and voluntary regularization of collaborating establishments. As President Duterte has committed, we are pursuing the campaign war/PAGE 9

9

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friday|december 15, 2017

Peace... from page 4

Mindanao.

Mindanao’s search for lasting peace is indeed elusive.

Hence this concern: was there a fault in our stars? Or are we the forsaken people?

If this sounds incorrigible, what is?

Again, this question made famous by the late Vice President Emmanuel Pelaez, the first Mindanaoan to hold the highest post of the land, serves as a re-awakening call to all of us: “What’s happening to our country, general?” (ruffy44_ph2000@yahoo. com)

Batas... from page 4

but, then and now, worship is reserved only for God. If worship of Jesus was the intent of the wise men, this could only mean that they fully believed and accepted Jesus as God. -ooo WATCH ANG TANGING DAAN” AT FACEBOOK: “Ang Tanging Daan” is a Bible exposition and prayer session for ever yone, 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

Steady... from page 6

restrictions as well as the deregulation of rice imports as a downside risk to inflation.

Other plus factors for the B oard’s decision to keep rates steady include the geopolitical concerns overseas as well as uncertainty on macroeconomic policies abroad, he said.

Meanwhile, Thursday’s hike in the Federal Reserve rates by 25 basis points to 1.25-1.5 percent, the third for this year, is no reason for the MB to do the same, Guinigundo said.

He s aid t he B oard’s decision has assumed the possible hike in Fed rates this week and three more hikes in 2018.

He, on the other hand, pointed out that the BSP does not need to mirror the Fed decision given the robust growth of the domestic economy and sustained improvement of fundamentals.

“We do not have to ease monetary policy because growth continues to be robust. The momentum of economic growth in the Philippines remains and therefore there’s no need to stimulate economic activities by easing monetary policy,” he added.

Guinigundo added that concerns on the supposed overheating of the domestic economy due to strong credit growth are “misplaced.”

“Inflation is still very stable despite the 20 percent and up credit growth,” he said.

BSP data show that growth of bank lending, excluding

banks’ placements with central bank’s RRP facility, rose by 19.9 percent last October from month-ago’s 21.1 percent. It has been posting high growth and analysts have said that this is a sign of overheating, which monetary officials continue to discount.

Amid keeping the rates steady, Guinigundo said “the Monetary Board emphasized that prospects for domestic economic activity are likely to remain firm owing to buoyant consumer and business sentiment and ample liquidity. Moreover, as credit continues to expand in line with output growth, the Monetary Board remains watchful over e volving liquidity and credit conditions and their implications for price and financial stability.”

He added that BSP officials “will remain vigilant against any risks to the inflation outlook and will adjust its policy settings as needed to ensure that future inflation remains consistent with the medium-term target while being supportive of sustainable economic growth.” (PNA)

Upgrades...

from page 6 The government is on track to achieve its target of spending 5.3 percent of GDP on public infrastructure this year.

Apart from the Philippines, the ADB also upgrade its growth forecasts for Brunei D ar u s s a l am , Ma l ay s i a , Singapore, Thailand and Viet Nam, as economic growth in Southeast Asia is picking up faster than forecast in September.

“GDP is now seen to expand by 5.2 percent in 2017 and 2018. The subregion is benefiting from robust investments and exports,” it added. (PNA)

War... from page 8

to stop this pernicious practice with more vigor,” Bello said.

BWC a l s o r e p o r t e d that 8,697 workers have secured regular employment status through voluntary regularization while 48,286 other workers are expected to be regularized by their employers by yearend.

Based on the same report, a total of 81,445 establishments nationwide covering 3.2 million workers were inspected by Labor Laws Compliance Officers (LLCOs) to ensure compliance with the labor laws and standards.

Bello suspended earlier this month all labor inspection activities to allow compliance officers to plan for a more effective monitoring and inspection program for 2018.

“DOLE will make sure that companies and employers nationwide will strictly abide by labor standards most especially in regularizing their employees. On top of that, workers should also be entitled to proper wages and benefits under the laws,” he added. END/Abegail De Vega

BALINGASAG - BARANGAY HEALTH WORKER’S OUTLINE By: Lorena Vallejos Agpasa Nurse Deployment Project Department of Health Regional Office X

Barangay Health Worker (BHW ) is one of t he front-liners who provide health care services for the members of the barangay.

An individual who went through training programs u nd e r any a c c re d ite d government or nongovernment organization to provide basic, safe, and effective health care services to the people of the district.

Barangay health workers are v it a l in B arangay Health Stations because they provide assistance and support to physicians, dentists, nutritionists, public health nurses, and midwives. Collectively, they are considered guardians of the nation’s health.

Barangay Health Worker is qualified to provide primary health care services in the community it is serving based on the guidelines given by the (DOH). Responsibilities of a barangay health worker mainly to provide first aid, equipment sterilization, assisting in health station activities, collecting vital statistics, maintaining records and making reports, participating in community meetings, assisting in nutrition education, monitoring and feeding, assisting in immunization education, monitoring, and dispensing, assisting in family planning services and assisting in sanitation and hygiene promotion and education.

Balingasag – Barangay Health Worker started last 1983 with Ms. Zenaida Abuzo as the municipal BHW Coordinator latter promoted and currently the Regional BHW Coordinator. Presently, BHWs were handled by Ms. Teresa Mirandilla as the appointed Municipal BHW Coordinator with Ms. Claresa Virtudazo as the BHW Federation President.

Originally, the organization has 58 volunteers receiving monthly barangay and municipal honorarium serving 30 Barangays of the municipality. Now, tripled the number of BHWs with 173 accredited and 40 nonaccredited, a total of 213 BHWs. BHWs has undergone trainings with Manual Operation Procedure of National Tub erc ulosis Program, Interpersonal S k i l l s , Tr a i n i n g o n Family Evacuation and Preparedness Coordination and Camp Management under MDRRMC, Also in this specific year were BHWs received blood pressure apparatus – one (1) BHW per area of assignment.

Barangay Health Workers participated in all health related activities such as Bloodletting, SchoolB a s e d Im mu n i z at i on , Garantisadong Pambata, Nutrition Program, HPN/ DM Activities, Clean-Up drive, Tree planting, Health Profiling, Immunization and Prenatal check-up, Family Planning, Dental Health Services, Year-End Evaluation, Fiesta Activities, Home visits and other daily activities in Barangay Health Stations (BHS).

The Municipal Health Office received series of awards through BHWs remarkable and untiring effort in reaching and achieving indicators and targets of every Health Programs. This signifies that BHWs as front liners has done great job on assisting in the delivery of health care services and has developed their skills and potentials in handling patients in their respective Barangays. Truly amazing that though they are volunteers, yet they are much willing to give out their best in the name of public health service.

0935 161 3398

856-3344 / 74-53-80

LYMPHATIC FILARIASIS By: Ms. Jhoanne L. Balabag R.N. School Nurse St. Rita’s College of Balingasag

Looks like an elephant! A giant may be!

Many of us are heedless of cases of Filariasis or elephanthiasis. Some might have seen it in reality without realizing that it can either make or break them. Mostly, it occurs in tropical areas like North America, Central America, and so on. In the Philippines, it is one of the top ten diseases that needs complete eradication by 2020. Merged field reports showed a prevalence rate of 9.7% per 1000 population in 1998. It is the second leading cause of permanent and long-term disability.

The disease affects mostly the poorest municipalities in the country about 71% of the case live in the 4th-6th class type of municipalities as per the Department of Health.

What is Filariasis? It is a parasitic disease caused by a minute, thread-like worms that only thrive in the human lymph system, which keeps the body's fluid in equilibrium and fights infections. Three various worms are identified causing the illness namely Wuchereria bancrofti (most common and makes up 90% of all cases), Brugia malay and Brugia timori (Longe, 2006). Wuchereria bancrofit lives in warm regions on every continent except North America (Callahan, 2002). Brugia

malayi is primarily found in India, Southeast Asia and Indonesia (Callahan, 2002).

Brugia timori is found to a very limited extent in Timor.

It is transmitted from person to person by mosquitoes. A tiny percentage of people d e vel op ly mphe d e ma , which may affect the legs, arms, breasts, and genitalia; bacterial infections that c au s e h a r d e n i n g a n d thickening of the skin, called elephantiasis; hydrocele (swelling of the scrotum) in men; and pulmonary t ropi c a l e o s i noph i l i a .

Infected people are mostly asymptomatic and clinical symptoms are undeveloped.

Lymphatic Filariasis is a preventable disease that strikes poor countries in tropical and sub-tropical countries. Its debilitating effects have made it a target for elimination in the countries affected.

Prevention methods are basic and include proactively spraying for the mosquitoes and treating the population with DEC laced salt or administration of DEC in tablet forms in order to break the cycle of infection, while this drug does not kill all of the adult worms, it prevents infected people from spreading the disease to someone else. In addition, common precautions against mosquitoes can also be used such as protective clothing, netting and sprays.

10

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friday|december 15, 2017

OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

C

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Story by MARK FRANCISCO Photos by ERCEL MAANDIG

APITOL University Medical Center (CUMC), one of the premier hospitals in this part of the country, opened up the 50-unit Sesenio S. Rosales Kidney Institute last November 25 in Cagayan de Oro City.

According to medical director Dr. Jesus Jardin, the facility was named after local visionary Engr. Sesenio S. Rosales.

During his prime, Rosales transformed from a World War II prisoner to founding among the most prestigious educational and medical institutions in Mindanao.

With the opening of the Kidney Institute, Jardin said it will be a relief to Mindanaoans who in bad need of dialysis.

The 50 online hemodialysis machines provide conventional EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND Notice is hereby given that the intestate of RUSTOM C. OBSIOMA & ZITA MAGALLANES, who died on July 13, 2013 and April 30, 2011 in Igpit Opol, Misamis Oriental.

That the said deceased, at the time of their death, left a Parcel of Land situated in Lunocan, manolo Fortich Bukidnon; TCT No. T-52373; Lot 9986D-3, containing an area TWO HUNDRED SEVENTYSEVEN (277) SQ. M. MORE OR LESS; RUSTOM C. OBSIOMA & ZITA MAGALLANES is the subject of EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND; is made and entered among; VERLA OBSIOMA VILLANUEVA (married), LEONITA OBSIOMA TAGURMACON (married), ELDIE OBSIOMA GOLOSINO (married), AQUILINA P. OBSIOMA (married), NORY OBSIOMA SACUSO (married), and ADELINA OBSIOMA NAGAC (married), all of legal age, Filipino citizens, all married, with residence and postal address at Zone 1, Igpit Opol, Misamis Oriental, hereinafter referred to as the HEIRS/SELLERS/ VENDORS; RODANI G. UMASAS, likewise of legal age, Filipino citizen, single, with residence and postal address at #272 Bonbon Opol, Misamis Oriental Oriental, hereinafter referred to as the BUYER/VENDEE; That for and in consideration of the sum of THREE HUNDRED THOUSAND PESOS ONLY (Php 300,000.00) Philippine Currency, receipt of said amount is paid amount is hereby acknowledge by the SELLER/ VENDOR after the amount is paid in hand by the BUYER/S or VENDEE/S the SELLER/S or VENDER/S hereby SELL, CEDE, TRANSFER and CONVEY the above-described properties containing an area of TWO HUNDRED SEVENTY SEVEN (277) SQUARE METERS, more or less in favor of the BUYER OR VENDEE his/her heirs, assigns or successors-in-interest, free from any liens and encumbrances, free from any third-party claimant whomsoever and the same is nontenanted. Under Notary Public of Atty. Emelito J. Marquino; Doc. No. 438; Page No. 87; Book No. XIV; Series of 2017.

BWM: Dec. 15, 22 & 29, 2017

hemodialysis, online hemodiafiltration, peritoneal dialysis, kidney transplant and percutaneous nephrolithotomy.

Along this line, Jardin said the Kidney Institute classifies the use of the machines according to ICU and inpatient, negative pressure inpatient and negative pressure outpatient, infectious inpatient and infectious outpatient. There are also two executive rooms overlooking the city and a narrow coastal plain along Macajalar Bay for those who wish to avail.

Now that the Kidney Institute is in place, they offer free monthly laboratory for each patient, skills laboratory for trainees, a training center for the dialysis nurses and free body composition monitor every quarter.

Aside from the Sesenio S. Rosales Kidney Institute, CUMC also has its own Heart Institute, Eye Center, Center for Advanced Endoscopy, among numerous others.

CUMC is committed to provide holistic quality health care service, undertake continuous education and research for health care professionals.

Dr. Jesus Jardin, medical director

11

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

friday|december 15, 2017

Freebies... from page 12

studied at Brent School in Baguio City. She is a commercial model actress.

And currently stars in GMA’s Fantaserye Alyas Robinhood.

Catch more of Lindsay at this URL : https://www. facebook.com/myororama/ videos/1797049433661976/ Similarly, Mark Rivera was born and raised in Italy, was a former member of the Junior Azkals, commercial model and actor. His latest aired commercial is Jollibee Choco Mallow Pie. He previously starred in the teleserye Be My lady currently stars in ABS CBN’s top rating teleserye The Good Son. Listen to Mark through this URL: https://www. facebook.com/myororama/ videos/1797045346995718/ But the Stars are not all there is for Lucky Shoppers on this Grand Opening Day! Patrons who come in early on December 16 (store will open at 8AM) will have first dibs at Ororama’s Treats for Firsts tokens and giveaways!

P200 gift certificates await the first 200 customers with at least P200 purchase at the Department Store while gift packs await the first 500 customers with at least P100 purchase at the Supermarket.

On top of this, any amount of purchase from the Fresh Section entitles the first 500 customers to six fresh eggs!

And what further surprises await the early shoppers after they’re done? No less than five new stalls at the Ororama Annex Building giving them more variety to choose from.: Black Pearl and John Lemon on the ground floor (are you getting this Capt. Jack Sparrow? Yoko One?) and Chocoleit Muron, Star Frappé and Snack Attack on the second floor!

Not the least, motoristshoppers can now breathe easier with the availability of 60 parking slots in the new Basement Parking of the Annex Building!

So let’s all head over to the Ororama Supercenter at Mortola Street for the Grand Opening of its Annex Building tomorrow, Saturday, December 15, 2017, starting at 8AM. Hali na mo!

Approval... from page 1

Un d e r t h e B i c a m approved measure, now awaiting ratifications from the House of Representatives and the Senate before it is submitted to the Office of the President for signature, the Bureau of Customs (BOC) will have the biggest revenue gains because of the higher excise taxes on fuel.

“The Bureau of Customs will be fully empowered in effect, especially since we are also implementing a fuel marketing system,” he said citing that this system would be implemented in 2018.

Fuel marking will be in place next year and Dominguez said this program would certainly help the government, particularly the BOC, identify smuggled, misdeclared or under-declared

fuel.

Fuel marking is a process wherein a liquid solution is mixed with the oil product to check its grade and for the government to check if the company is paying correct taxes.

The Bicam-approved measure also imposes a PHP6 tax per liter on sweetened juices and energy drinks and PHP12 tax per liter for drinks with high-fructose corn syrup.

But the main goal of the first package of tax reform is the cut in personal income tax.

Un d e r t h e B i c a m approve d me asure, t he first PHP250,000 annual earnings of all workers will be exempted from taxes while exemption on tax on 13th month pay was raised from PHP82,000 to PHP90,000.

“Essentially the TRAIN has delivered the largest bonus to Filipinos ever delivered by any administration. Everybody’s first PHP250,000 is now tax free,” Dominguez said.

The Finance chief said the cut in income tax would reduce government revenues by around PHP346 billion annually and increases take home pay of workers by about PHP20,000 a year.

He said the Filipinos who belong to the lower 50 percent bracket of the society would be given cash provision that is not part of the Conditional Cash Transfer (CCT) program to help them alleviate the impact of higher oil prices, among others.

Aside from fuel tax hikes, the Bicam-approved measure also requires a 5 percent tax on cosmetic procedures and doubled the mining tax rates.

Auto excise taxes effective next year, if the President signs the tax reform measure, is at 4 percent for vehicles worth up to PHP600,000, 10 percent for those over PHP600,000 up to PHP1 million; 20 percent for those

worth over PHP1 million up to PHP4 million; and 50 percent for those worth over PHP4 million.

Tobacco t ax will b e PHP32.50 per pack from January 1 to June 30, 2018; PHP35 from July 1, 2018 to December 31, 2019; PHP37.50 for the next 24 months; and PHP40 for the succeeding 24 months and will increase by four percent annually thereafter. PNA

Scraps... from page 1

Diwa Guinigundo attributed the lower bids in this week’s TDF auction to the banks’ higher demand for liquidity in line with the holidays.

He also explained that “TDF offerings are based on our careful liquidity forecasts”.

“Our numbers suggest that banks continue to lend more, buy foreign exchange for imports, debt servicing and foreign investments.

Hence, they have sustained demand for funds that would translate into lower excess demand in the system,” he said.

The central bank officials, thus, pointed out that “it follows that the BSP should trim its open market operation lest we see tight market conditions”.

“B a n k s c ont i nu e t o demand very short-term instruments like the sevenday TDF to allow them greater flexibility in servicing the needs of their clients and deploying the rest of their funds,” he added. PNA

Inclusive... from page 1

the global value chain.

“The Philippines places great importance on the role of MSMEs in promoting inclusive growth. However, we believe that even among MSMEs, competition needs to be fair among them -- as what may be medium-sized

enterprises in a developed country, may already be a large company in a developed country,” he added.

“Thus, we are pushing for a discussion on a comparable definition of MSMEs,” he said.

The trade chief said the Philippines will seek appropriate arrangement within the existing framework of the WTO and relevant committees like the creation of a Working Group under the General Council studying the impact and benefits of the multilateral trading system to MSMEs and considering the needs and interests of the MSMEs depending on the levels of development of each country.

Lopez also backs the agenda of the Department of Agriculture to ensure SSM for agriculture.

“SSM would allow developing countries to temporarily increase tariffs on agriculture products in cases of import surges or price declines,” the DTI chief said.

“It prevents irreversible injury to very vulnerable farmers against price volatility.

It also serves to balance large subsidies given to agricultural products in rich countries,” he added.

Lopez said the country is also pushing for the Doha Development Agenda (DDA), the Ministerial Declaration in Doha, Qatar in 2001, to remain as the overall framework for WTO negotiations.

He h i g h l i g ht e d t h e recognition of the Declaration that “trade can play a major role in the promotion of economic development and the alleviation of poverty”.

Lopez said the DDA pushes for “the need to provide discipline on the subsidies being given by developed countries to their agriculture and provide more effective temporary protection from price volatilities to poor vulnerable farmers”. PNA

Republic of the Philippines Region X Province of Lanao del Norte Municipality of Kapatagan Office of the Municipal Civil Registrar NOTICE OF PUBLICATION R.A10172(Gender)

Excels... from page 2

regional centers in the country.

Labor Secretary Silvestre Bello III urged OFWs to avail of the services of OSSCOs in their respective regions for a shorter processing time of their documents and a considerable reduction in their transportation expenses.

“This is one of our prompt resp ons es to President Duterte’s directive to make it easier for OFWs to avail of government services,” Bello said.

DOLE launched OSSCO in August 2016 to provide OFWs or those intending to work abroad with a broad range of accessible inter-agency services by putting in one location all government agencies that provide documentary services and other assistance to those who are currently working or planning to work overseas.

OSSCOs provide services for passport processing, O W WA m e m b e r s h i p application or renewal and application for educational, training, and welfare assist ance; issu ance of new or renewal of existing professional licence ID, issuance or revalidation of Seaman’s Book; processing or updating of membership to Pag - I BIG , S S S , and PhilHealth, including loans, claims, and contribution payments; processing and issuances of birth marriage, death, or CENOMAR certificates, NBI clearance, and TIN, among others.

S i x t e e n gove r n m e nt agencies provide services to the OSSCOs in POEA in Mandaluyong, including those in regional centers. These are Department of Foreign Affairs (DFA), Philippine O v e r s e a s E mp l o y m e nt Administration (POEA), Overseas Workers Welfare Administration (OWWA),

Republic of the Philippines Region X Province of Lanao del Norte Municipality of Kapatagan Office of the Municipal Civil Registrar R.A 10172 R.A 9048

NOTICE FOR PUBLICATION

In compliance with the Rule 7 of R.A 10172, A Notice is hereby served to the public that MARIELLE C. VILLAZORDA has filed with this office a Petition for Correction of Clerical Gender from “MALE” to “FEMALE“ in the Birth Certificate of MARIELLE CONDIMAN VILLAZOROLA who was born on APRIL 20,1998 at LAPINIG, KAPATAGAN LANAO DEL NORTE and whose parents are ROMULO G. VILLAZORDA and RIZA C. VILLAZORDA. Any person adversely affected by said petition may file his written opposition with this Office not later than 15 days.

In compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 guidelines in the Implementation of the Admistrative Order No.1 Series of 2012 (IRR on RA 10172) , Notice is hereby served to the public that CARMENCITA DAMAYO BARTOLOME has filed with this office, a Petition for Change of First name from “BABY CARMENCITA” to “CARMENCITA” and Correction of Entry in the Date of Birth From “February 8, 1956” to “February 9, 1956” in the Live Birth of BABY CARMENCITA DAMAYO who was born at KAPATAGAN, LANAO DEL NORTE and whose parents are SAMUEL DAMAYO and LEONISA MASONG.

Any person adversely affected by said petition may file his written opposition with this Office not later than 15 days.

SGD. IVY R. TONGCO

Municipal Civil Registrar BWM: Dec. 8 & 15, 2017

BWM: Dec. 8 & 15, 2017

SGD. IVY R. TONGCO Municipal Civil Registrar

Republic of the Philippines Region X Province of Lanao del Norte Municipality of Kapatagan Office of the Municipal Civil Registrar

Republic of the Philippines Region X Province of Lanao del Norte Municipality of Kapatagan Office of the Municipal Civil Registrar

NOTICE OF PUBLICATION

NOTICE OF PUBLICATION

R.A 9048

R.A 9048

In compliance with the Rule 7 of R.A 10172, A Notice is hereby served to the public that FLORDELITA OPADA MADIDIS has filed with this office a Petition for Change of First name from “FLORITA” to “FLORDELITA” in the Birth Certificate of FLORITA ONABIA OPADA who was born on JULY 6, 1974 at BANSARVIL, KAPATAGAN, LANAO DEL NORTE and whose parents are BENITO OPADA and ANITA ONABIA. Any person adversely affected by said petition may file his written opposition with this Office not later than 15 days.

In compliance with the Rule 7 of R.A 10172, A Notice is hereby served to the public that DIANA C. MUSCAD has filed with this office a Petition for Change of First name from “ANDRIE PIBOMAR” to “ANDRIE” in the Birth Certificate of ANDRIE PIBOMAR LERIOS BAGO who was born on NOVEMBER 30, 1962 at KAPATAGAN, LANAO DEL NORTE and whose parents are MAMA DIPATUAN BAGO and RUSTICA LUMBRE LERIOS. Any person adversely affected by said petition may file his written opposition with this Office not later than 15 days.

SGD. IVY R. TONGCO

Municipal Civil Registrar BWM: Dec. 8 & 15, 2017

SGD. IVY R. TONGCO

Municipal Civil Registrar BWM: Dec. 8 & 15, 2017

Technical Education and Skills Development Authority ( T E SDA ) , Profe ss i on a l Regulation Commission (PRC), Maritime lndustry Authority (MARINA), Home Development Mutual Fund (HDMF), Philippine Health l nsu r anc e C or p or at i on (PhilHealth), Social Security System (SSS), Philippine Statistics Authority (PSA), Bureau of Immigration (BI), National Bureau of lnvestigation (NBI), Commission on Higher Education (CHED), Tourism lnfrastructure and Enterprise Zone Authority (TIEZA), Philippine National Police (PNP), and Bureau of lnternal Revenue (BIR). ### GSR Mindanao Daily TARPS - STICKERS - NEWS

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0935-1613398 mdntarps@gmail.com

EXTRA-JUDICIAL SETTLEMENT WITH PARTITION OF REAL ESTATE AND DEED OF ABSOLUTE SALE 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. VACALARES, died intestate at the Maria Reyna Hospital, Cagayan de Oro City, on December 30, 1981, leaving no will nor debts settled to date but leaving a parcel situated in Igpit, Opol, Misamis Oriental ; TCT NO. T-46307, Lot 2, Pcs-10-003834; area of ONE THOUSAND TWO HUNDRED TWENTY NINE (1,229) sq. meters. ; DEOGRACIAS D. VACALARES and TOMAS G. VACALARES, is the subject of EXTRA-JUDICIAL SETTLEMENT WITH PARTITION 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: December 1, 8 & 15, 2017

12 The Night Stalker

LifeStyle

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friday|december 15, 2017

Glitter, Freebies galore at Ororama Annex’s Grand Opening on December 16

O

ne of the pioneer department stores and supermarkets of Cagayan de Oro celebrates another milestone in its storied history with the grand opening of its new Annex Building along Mortola Street on Saturday, 16 December 2017.

Our good friend Mary Globien Capillan, marketing manager for the Ororama Chain of Stores, tells us the Grand Opening will feature celebrity guests Sam Concepcion, The Good Son Actor Mark Rivera and GMA’s Fantaserye Alyas Robinhood Lindsay

De Vera starting 3PM at the new Event Center in the second floor.

Of course, who doesn’t know Sam Concepcion?

Singer, dancer, actor, VJ and host, Sam rose to the limelight with his big win at the Big Division of Little Big Star`s Season 1 in April 2006.

Since then Sam has soared from success to success, starting with his certified Gold eponymously named debut album in 2007, Pop Class (2010), and Forever Young (2011), his biggest seller to date, hitting the charts at Number 1 for seven weeks in a row.

In 2008, Sam became the first Filipino artist to collaborate with Dreamworks when he sang the theme song Kung Fu Fighting in the Asian soundtrack album of the animated movie Kung Fu Panda.

Despite his success, Sam has found time to serve as an ambassador for various agencies and organizations, such as DepEd’s Youth Role Model and Spokesperson and the National Book Development Board’s (NBDB) Get Caught Reading Campaign ambassador in 2007.

In 2008, Sam was appointed by the Business Software Alliance as the Official Spokesperson of the Philippines for B4USurf, Youth Ambassador for Education and the Arts in the 3rd District of Manila and World Vision’s Ambassador for Children.

In 2009, Sam was awarded the prestigious United Nations Youth Association of the Philippines ‘Outstanding Youth Leader Award’.

Lindsay De Vera is half Filipino-British, born in London, who grew up and freebies/PAGE 11