BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 086
Market Indicators
As of 6:21 pm December 15, 2016 (thursday)
FOREX
PHISIX
US$1 = P49.92
6,855.31
12.0 cents
X
73.03
X
points
Briefly Christmas bonuses MORE than 3,000 city hall workers here would receive additional bonuses before Christmas, a city official said Wednesday. City Councilor Ian Nacaya said that City Council approved last Monday the release of PhP 5,000 productivity enhancing incentive to all city hall officials and employees. Aside from the productivity enhancing incentive, each city hall employee would also receive PhP 10,000 personnel motivation incentive, Nacaya said.
Investment code SURIGAO City – The Department of Trade and Industry (DTI) recently conducted a briefing on the formulation of the Local Investments and Incentives Code (LIIC) to the local government unit of Sison held at the town’s session hall. Sison Mayor Karissa R. Fetalvero-Paronia said they have prioritized the crafting of the said investments and incentives code in order to attract private sector investments in the municipality that will hopefully create more employment opportunities. Rodrigo R. Matabaran of DTI Surigao del Norte discussed during the briefing the objectives, benefits and processes of investment promotion, the legal basis as well as the basic framework in the formulation of the LIIC using the template being provided by the Board of Investments.
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Normin posts 15.6% increase in rice output
By Mark D. Francisco Staff Writer
T
HEgovernment’s “LGU P4” program has focused itself towards full electrification in the countryside, particularly in Mindanao, official of the Department of Interior and Local Government (DILG) said.
In an interview, Bureau of Local Government Development director Anna Liza F. Bonagua said that DILG had already tapped the Philippine Chamber of Commerce and Industry (PCCI) for its members to invest in renewable energy sources to electrify far-flung villages in Mindanao. Ironically, there is an oversupply of electricity generated in various parts of Mindanao but has not trickled down to remote barangays in the provinces. Ms. Bonagua said that businesses may choose from the following schemes for public-private partnership: build and transfer, buildprogram/PAGE 11
By MARK D. FRANCISCO Staff Writer
CHRISTMAS TREE. Residents enjoy the big lighted Christmas tree in Divisoria, Cagayan de Oro City Monday evening. MindaNews photo by Froilan Gallardo
DOT cancels Miss Universe fashion show in Davao due to ‘controversy’ By JESSE PIZARRO BOGA, MindaNews
D AVA O C i t y – T h e Department of Tourism cancelled the Miss Universe fashion show originally
scheduled in Davao City on Jan. 19 purportedly to avoid further “controversy.” “As head of the ancillary
events of the DOT for Miss Universe, I have decided to cancel the fashion show in Davao City. This is to prevent controversies that may arise cancels/PAGE 11
DESPITE the slack in farm output as indicated in the recent report by the National Economic and Development Authority (Neda-10), palay production in Northern Mindanao grew by 15.6 percent to 215,201 metric tons for the third quarter of this year. According to the NEDA report released last Wednesday, Lanao del Norte posted a remarkable increase in production due to the repaired irrigated canals in two municipalities, as well as rationing after each cropping season and seed assistance from their respective local government units which provided high yielding rice varieties. Bukidnon also contributed to the robust yield due to the fertilizer subsidy from the Department of Agriculture (DA). Small palay farmers also benefited from a new rice/PAGE 11
Davao City draws interest of China, Japan as investment site DAVAO City -- The Davao City Investment and Production Center (DCIPC) revealed it is now getting several queries from Chinese and Japanese investors on possible business opportunities here. DCIPC head Lemuel Ortonio said the interest of the investors of these two countries especially China picked up after President Rodrigo Duterte’s visit to China’s capital Beijing last October. He said most of those Chinese investors fielding queries at DCIPC readily mentioned President Duterte’s visit to their country and where the President invited possible investors to Davao City.
Although nothing is final yet, Ortonio said these investors expressed their interest to locate in Davao City particularly on the services sector. There is still a need to put up additional four-star hotels and convention center, according to Ortonio during Tuesday’s Biz Forum at Dermpath, SM Davao. Meanwhile, Ortonio also disclosed plans by some investors to set up light manufacturing for car parts assembly. Most of the interested investors are taking advantage of the many opportunities in the city. Among these are on agri-business sector, interest/PAGE 11
ENDEMIC BIRD SPECIE. Philippine Swamphen (Porphyrio Pulverulentus), a bird species endemic to the Philippines. Taken in Sitio Panlabuhan, Loreto, Agusan Marsh Wildlife Sanctuary, Agusan del Sur during the expedition of Mindanao Avian Photographic Society (MAPS). (Photo by CLEMENT DAMPAL of bestspotsph.com)
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RDC-10 presents Ambisyon Natin 2040 REGIONAL Development Council (RDC-X) Chairperson and Bukidnon Governor Jose Maria R. Zubiri, Jr. pushed for the bottom up process in the formulation of the Regional Development Plan, 2017-2022 by conducting consultations with the provinces and highlyurbanized cities in the region. This is to ensure wider participation of concerned stakeholders at the local level, ensure ownership, and enlist commitment and support of the LGUs in the entire planning process. The local consultations were actively led by Governor Zubiri with support from Governor
Maria Luisa D. Romualdo of Camiguin; Governor Imelda Q. Dimaporo of Lanao del Norte; Governor Herminia M. Ramiro of Misamis Occidental; and Governor Yevgeny Vincente V. Emano of Misamis Oriental; Mayor Oscar S. Moreno of Cagayan de Oro; Vice-Mayor Jemar Vera Cruz of Iligan City; and Mayor Marie L. Guingona of Gingoog City. In his message, governor Zubiri urged everyone to actively participate in the consultation and come up with meaningful and concrete recommendations in the formulation of the successor Regional Development Plan
for 2017-2022. “As the Chair, I can be your Champion in lobbying for support from the President, ” he said. “I considered this consultation as an opportunity to meet and discuss with the regional and local stakeholders on what is best for our region and for the provinces and cities in the next six years,” Governor Zubiri added. The activity also served as a venue in advocating the “Ambisyon Natin 2040” which was approved by President Rodrigo R. Duterte and adopted as a guide in crafting the four (4) medium-term Philippine and Regional Development
Plans that shall be implemented until 2040. The consultations were largely participated by local officials, members of the local development councils/local Sanggunians, and province/ city-based private/business sectors and non-government/ people’s organizations. Local issues and concerns, programs, projects, policy, and research agenda were generated and inputted into the draft RDP, 2017-2022. The RDP, 2017-2022 is scheduled for presentation to the RDC-X during its meeting on December 15, 2016. (Peleta B. Abejo, NEDA-X)
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Lanao del Sur holds Food Security Summit MARAWI City -- The 1st Lanao del Sur Food Security Summit was held in the Social Hall, Provincial Capitol, Marawi City on December 5, 2016. Participants were from d i f f e re nt l o c a l g roup s and sectors such as the Department of Agriculture and Fisheries, government line agencies, cooperatives, NGOs, Civil Society and local government units. Governor Soraya Alonto Adiong, said one of the main goals of her administration is to alleviate, if not eradicate, poverty in the province, a tough task for a first-timer in public service. S h e said the accomplishments left behind by her predecessor,
Vice Governor Mamintal Bombit Alonto Adiong, Jr., will lessen the burden for her due to the programs and projects he initiated and implemented such as farmto-market roads, irrigation projects, and the Integrated Natura l Res ources and Environment Management Project (INREMP). She said the Food Security Summit shall help her administration in their quest to eliminate poverty. Governor Adiong also assured the participants of the summit that their inputs and contributions in the summit will be used as part of her Provincial Poverty Eradication Agenda. Dr. Habib W. Macaayong, summit/PAGE 11
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President Rodrigo Roa Duterte, In his speech, called on the NPA not to touch the infrastructures constructed for the people like the hydropower plant. (PIA10)
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Two Days to Never Worry About Think a minute…Did you know there are 2 days you never need to worry about? The first day is yesterday. It’s simply impossible to change the past. Yesterday is gone… forever. There is nothing any of us can do to bring it back, especially by worrying about it. So whatever mistakes, problems, or hurts we had yesterday, we’ve got to stop worrying about them. We cannot undo what’s already done, nor take back what we’ve already said, only ask forgiveness. Hopefully we learn our lessons from yesterday’s mistakes. But then, let it go! Life goes on, so we’d better go with it. The other day we never need to worr y about is tomorrow. None of us can control or know everything that might happen tomorrow. We don’t even know whether or not we’ll still be here! What’s going to happen will happen whether we worry about it or not. So we’re left with only one day that we can actually do anything about: today. As the saying goes: “The past is history, tomorrow’s a mystery, so today is all we have. It’s a GIFT, that’s why it’s called the PRESENT.” All we have is right now, and today has enough problems,
THINK
A Minute
Jhan Tiafau Hurst responsibilities, and worries of its own. The last thing we need is to pile up yesterday’s and tomorrow’s problems on top of today’s! No wonder some people are stressed out with even physical problems and sicknesses. Remember, if you don’t bury your worries, they could bury you! This is why Jesus Christ taught us not to worry about yesterday or tomorrow. Jesus said: “Who can add a single hour to his life by worrying! Don’t worry about tomorrow. Each day has enough trouble of its own. Live just one day at a time.” So all you have to do is take care of today. Make sure you’re doing your very best in your responsibilities and relationships: that your heart is right with your Maker and other people. Do all hurst/PAGE 11
President Rody Duterte has established his reputation as a straight shooter. He does not mince words to express his displeasure and he does so in very colorful language. Publicly question the way he pursues his drug war, and you will surely get a mouthful. He does not care if you are the president of the United States, the secretary general of the United Nations, a ranking official of the EU, the outgoing US ambassador to the Philippines, or a senator. So it came as a bit of a surprise to me, when he let go of Vice President Leni Robredo the way he did last week. He asked a subaltern to convey the message via text !!! So out of character. What happened? The very least President Rody could have done was to talk to the Vice President directly, even if only by phone. After all, didn’t he personally call her up to offer her the job five months ago? Or better, he could have summoned Leni to the palace and talked to her in his macho way, face-to-face and “man-to-man”. Cabinet officials serve at the pleasure of the President. No question about that. But VP Leni, who did not even apply for the job, deserved better. Perhaps the text message sent to the VP was meant merely as a warning shot to stop her from making any further critical public statements (eg. Marcos burial, the President’s sexist remarks, etc.) Who knows?
If it was, the move was not well thought out. 75 years after Pearl Harbor Last week, the world observed the 75th anniversary of the bombing of Pearl Harbor. Here are some interesting historical footnotes to that momentous event. I n P e a r l H a r b o r ’s aftermath, a wave of war hysteria and anti-Japanese sentiment swept the United States. This led then US President Ro os e velt to order the rounding up of some 120,000 individuals of Japanese ancestry. They were relocated in 10 internee camps across the Western United States. One who defied Roosevelt’s order by staying at home, refusing to be interned, found himself inside a real prison. In fairness, conditions in the detention camps were humane. But during the forced relocation, the internees lost their homes, their livelihood and more important, their freedom. 35 years later, President G e r a l d Ford of f i c i a l ly recscinded Roosevelt’s order. 12 years after Ford, President Reagan apologized to the Japanese American internees for the grave injustice and offered $20,000 each to survivors of the detention camps. Reagan also awarded Fred Korematsu the Presidential Medal of Freedom. Korematsu was the guy who refused to be relocated. Another group of Japanese Americans had a different
story. As the war progressed, Americans of Japanes e descent, popularly called Nisei, volunteered to fight under the American flag. Most of the volunteers were from Hawaii. Mainlanders had their misgivings because of the forced dislocation of their families. For practical reasons, the volunteers were deployed in Europe, under the all Nisei 442nd Infantry Regiment, where they distinguished themselves in fighting the Germans. The regiment – whose motto was “Go for broke” - was immortalized in a 1951 movie of the same title. 21 Nisei were awarded the Congressional Medal of Honor. Among them was Captain Daniel Inouye, a very good friend of the Philippines, who later served as U.S. Senator, representing the state of Hawaii. Kiwanis Association of Past Lieutenant Governors Kiwanis International Philippine Luzon District m a r k e d l a s t Tu e s d a y (December 6) a significant milestone. It officially inducted the first set of officers of the newly established Association of Past Lieutenant Governors. Un d e r t h e K i w a n i s structure, a Lieutenant Governor serves as alter ego of the District Governor. A Lieutenant Governor exercises administrative supervision over Kiwanis c lu b s i n h i s d i v i s i on . A division, on average, consists of 8 geographically
SPEAKING
O ut
Ignacio Bunye contiguous clubs. The ass o ciation was organized early this year under t he guidance of Immediate Past District Governor Manny Mamadra. The association’s articles and by-laws were presented and approved by the general membership during the last Kiwanis Luzon Philippine Luzon District convention held in Legaspi, Albay City. Last week, incumbent District Governor Andy Mojica, in the presence of Kiwanis International Vice President Poly Lat, inducted the following into office: Jose Camañag, President; Ro dolfo de los Santos, President-Elect; Arturo G. Gacutan, 1st Vice President; Elton See Tan, 2nd Vice President; Estie Vibora, S ecretar y ; Lenny R ana, Treasurer; and Ricardo Valera, Rona Sacdalan, Antonio Balang, Victorino Mallillin, Dennis Laro, Lilia Untalan, Erick Tan, Rucil Contrevida, Directors. Note: You may email us at totingbunye2000@gmail. com. You may also “like” us on Facebook at “Speaking Out.”
Calima breaks silence, hits BI commissioners LIFE’S INSPIRATIONS: “…See what great love the Father has lavished on us, that we should be called children of God! And that is what we are! The reason the world does not know us is that it did not know him…” (1 John 3:1, the Holy Bible). -ooo DI YOU UNDERGO THE PROCESS TO BECOME A CHILD OF GOD? For the Anak ng Diyos Kadugo Ni Kristo (AND KNK, or the Children of God Blood Kin of the Christ) Church, a believer becomes a true child of God only if he or she undergoes the process indicated in the Bible--the Word of God---for a person to become a child of God. Because of this, AND KNK has a challenge to those who say they are also “children of God”: have you undergone the process to become children of God? -ooo CALIMA BREAKS SILENCE, HITS BI C OM M I S S I O N E R S : In the interest of fairness, I am impelled to reproduce here a portion of what is being peddled in Facebook as the reaction of former police general and dismissed
immigration intelligence chief Charles Calima over allegations that he collected P18 million from the P50 million paid by another retired police general as bribe money for and on behalf of online gambling operator Jack Lam. This one was published in Facebook by Benzar H. Herrpatron, who claims that Gen. Calima was his classmate at the Philippine Military Academy: “To all my friends, colleagues and people who know me, please withhold your judgment on me. Do not base your judgment solely on the allegations of two associate commissioners who are willing to do anything and everything to wiggle out f rom an extor tion case where we have very strong evidence against them. “I have lost all respect to (Al) Argosino and (Mi ke) R obles (deput y commissioners) af ter I personally saw the evidence against them noong trinatrabaho namin sila para maentrap sana sa pangalawang paghingi nila ng fifty million pesos. They are the new faces of corruption sa matataas na katungkulan sa gobierno.
-ooo “BI COMMISSIONERS I N B R I B E RY MOR E DA NG E ROU S T HA N A DDIC T S” : “ T h e y are far worse tha the dr ug addicts who get killed in the ongoing war against illegal drugs. To me, I have already considered tham as enemies because what they have done was betrayal of public trust and of the trust and confidence bestowed upon them by no less than the secretary of justice and President Duterte. “You will know the real story and you will also hate these people when you get to hear my side. Wars are not won in a single battle. We still have to fight many battles, or maybe, for me, kayo na lang ang magpapatuloy ng laban because I am done. I just got my termination papers of my work sa immigration signed by sec aguirre through cellphone. “It seems that fighting corruption is an exercise in futility in this country. The good guys are the casualty while the bad guys have their way through their influence and connections. Kawawa ang Pilipino. The Filipino people are the biggest losers.
K akampi
Mo A ng Batas
Atty. Batas Mauricio Itong sina Argosino and Robles, they conveniently made me as their fall guy. Binaligtad ang kwento. But people see that their story is full of holes….” -ooo THE PROCESS BY WHICH A PERSON BECOMES A CHILD OF GOD: Pursuant to John 1:12-13 of the Bible, people become children of God only if they “receive Him and believe in his name.” This is the only process by which b elie vers can become children of God. Unfortunately for many people, both here in the Philippines and anywhere else in the world, however, they have not been taught about who, or what, to batas/PAGE 11
CorporateWorld 5 Alsons considers IPO for power unit Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
thu-fri|december 15-16, 2016
A
LSONS Consolidated Resources, Inc. said an initial public offering (IPO) is an option for its power subsidiary in the long term, an official of the holding firm said. “Maybe in the next few years, once we have all of these coal plants COD’ed [commercial operate date], meaning they’re all running already, they already have earnings coming out from
them,” said Antonio Miguel B. Alcantara, Alsons corporate planning officer. Alsons’ power facilities are expected to reach a generating capacity of 588 MW by 2020 or around 25% of Mindanao’s projected peak power demand for that year, the official said. “When you do an IPO, the question that comes into play is construction, as an example, so you can get better
valuations after the earnings are already there,” he said. This year marks the company’s first year as a “merchant” in the power business. Alsons unit Southern Philippines Power Corp.’s 55-megawatt (MW) diesel-fired power plant in Alabel, Sarangani province had a previous “energ y conversion” agreement with the National Power Corp. Western Mindanao Power
Corp.’s 100-MW plant had a similar deal. In Ju ly, A l s ons h a s awarded the contract to build the second phase of its Sarangani coal-fired power plant to Japanese company JGC Corp. The unit is the second half of the 210-MW project being undertaken by Alsons subsidiary Sarangani Energy Corp. In April, the first 105MW section of the plant
Like a Bossing: Vic Sotto chooses Chooks-to-Go as his take-home ulam
Veteran actor and TV show host, “Bossing” Vic Sotto, has stood as an icon for countless brands. From homecare supplies to local beverage products, Vic’s charismatic appeal and conviction has propelled corporations, as well as himself, into a level of unmatched reliability. Vic has consistently livedup to his “Bossing” moniker, as an authority and someone whom Filipinos trust for everyday products. This time, the comedian partners with Bounty Agro Ventures, Inc. (BAVI)—the second largest poultry integrator locally—as the newest brand endorser of Chooks-to-Go, the country’s leading and fastest-growing oven-roasted chicken chain with more than a thousand
storess nationwide. With its “Hindi ka NagUuwi ng Ulam na Basta-basta Lang” campaign, built on the premise of being “Masarap Kahit Walang Sauce”, Chooksto-Go and Bossing brings ready-to-go, oven-roasted quality chicken closer to Filipino moms as their takehome ulam of choice that will surely delight the family. “When you say ‘readyto-go’ and ‘quality food’, it should come with a great serving, taste, and nutrition. Importante ‘yun kasi hindi puwedeng basta-basta lang ang maiuwing pagkain para sa pamilya,” said Vic. “Kung gusto mo ng manok, there’s Chooks-to-Go. Malaman ang manok nila, hindi bastabasta. And the best part—‘pag hinain mo na, ‘yun na ‘yun,
began operating. It provides baseload power to more than 3 million residents of the province, General Santos City and other key areas of Mindanao. Apart from the coal p l a nt s , A l s on s i s a l s o entering renewable energy by developing a 15-MW runof-river hydroelectric plant along Siguil River in Maasim, Sarangani. The plant is set to start construction in 2017. Alsons houses its power projects in one group, which company officials said in not a corporate entity yet but a
brand to separate the business from other segments. The holding firm’s core businesses are conducted through subsidiaries and associates, which are grouped into main categories consisting of energy and power, property development and other investments. Its investment in the energy and power business is through four holding f i r m s , n a m e l y, C o n a l Holdings C orp., Alsing Power Holdings, Inc., Alsons Renewable Energy Corp. and Alsons Thermal Energy Corp.
Phoenix Petroleum links with global oil trader PHOENIX PETROLEUM Philippines, Inc. has agreed to a non-binding deal with an oil trading company to jointly explore “strategic i nv e s t m e nt s” i n f u e l development projects as well
as operations of an import terminal, the independent oil company said on Wednesday. Socorro Ermac-Cabreros, Phoenix Petroleum corporate secretary, told the stock phoenix/PAGE 11
Mitsubishi PHL projects 20% increase in 2107 production hindi mo na kailangan ng sauce.” As an admirer of hardwork ing Fi lipinos, especially moms, Bossing Vic recognizes the efforts made in order to provide food on the table. “Basta hardworking, ako’y saludo, especially for moms because
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they exert double effort,” the actor said. “That’s why for the times when they can’t cook and kids want delicious food, dumaan ka lang ng Chooksto Go, okay ka na.” Practical, affordable, and delicious food to-go, Chooks-to-Go’s superiorchooks/PAGE 11
MITSUBISHI Motors Philippines Corp. (MMPC) is projecting an increase of 20 percent in its production volume in 2017, the company’s Vice President for Marketing Froilan Dytianquin said. I n a n i n t e r v i e w, D y t i anqu i n me nt i one d that MMPC expects total
production volume next year to reach 74,000 units from about 61,000 to 62,000 units this year. The increment in MMPC’s production next year will be pushed by the local assembly of the Mirage and Mirage G4, which the carmaker applied projects/PAGE 11
Banking&Finance 6 WB upgrades growth projections for PH T Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
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HE World Bank said it has upgraded its economic outlook for the Philippines for 20162018 as part of its quarterly forecast exercise. In a statement Thursday, the Bank projected economic
growth at 6.8 percent this year compared with its October forecast of 64 percent, noting that “growth in the third quarter of 2016 was higher than expected with accelerating investment and private consumption growth,”
c ont i nu i n g t h e s t ron g performance in the first half of the year “which was driven by the government’s pre-election stimulus.” “Recent economic trends illustrate the high confidence among investors and consumers, and provide the foundation for a more optimistic outlook for the remainder of 2016 and for 2017,” the statement quoted Birgit Hansl, the World Bank lead economist for
the country, as saying. “The economy’s strong performance in October and November, and continued p ol i c y c om m it me nt to a n i n c re a s e i n p u b l i c infrastructure spending are e x p e c t e d t o c ar r y t h e e c on omy ’s g row t h momentum over to 20172018,” Hansl added. The WB also revised its 2017 growth projection upward to 6.9 percent from its October forecast of 6.2
percent, and predicted further expansion to 7.0 percent in 2018. “G r o w t h i n c ap i t a l investment is projected to remain the Philippine economy’s primary growth e ng i ne,” t he W B s ai d. “Despite an expected increase in interest rates in 2017, monetary policy is expected to remain supportive of growth, resulting in continued expansion in credit.” It also forecast
consumption growth from the expected implementation of major infrastructure investments coupled with “robust credit growth to hous eholds and he alt h remittances.” Also next year, it said, exports are expected to grow at a rate similar to 20152016 as growth momentum shifts away from advanced economies “back towards e me rg i ng marke t s and developing economies.”
OFWs’ cash remittances slow down in October ‘16 By Joann Santago
NEDA-X ARD Mae Ester T. Guiamadel and DRD Chief Cecilio Y. Clarete cut the ribbon to formalize the opening of the NEDA-X RESEARCH Center.
NEDA-X launches RESEARCH Center, briefs media on Ambisyon Natin 2040 and the 3rd Quarter economic situation The National Economic and Development Authority Regional Office X (NEDA-X) launched on December 14, 2016 the Regional Socio-Economic Analysis and Research Center (RESEARCH-X) , a computer-based database system of key economic and social statistical information for analysis and policy-making. The database covers four major sectors namely: Macro, Social, Economic and Infrastructure. NEDA-X Assistant Regional Director (ARD) Mae Ester T. Guiamadel welcomed some 40 participants representing the media, the Regional Association of Government Communicators (RAGCOM), the Regional Statistics Committee, and the academe. “The system is intended to provide a better platform for easy access of frequently requested regional and local socio-economic
data,” ARD Guiamadel said. Engr. Cecilio Y. Clarete, the Chief Economic Development Specialist of the NEDA-X Development Research Division, briefed the participants on how the database works noting that, for the time-being, it is accessible only locally at the NEDA-X RESEARCH Center. The launching was followed by a briefing on the Ambisyon Natin 2040 and the 3rd quarter 2016 regional economic situation. The 3rd quarter 2016 data generally showed positive performance especially that of the agriculture sector which showed strong recovery from the effects of the El Niño phenomenon. The activity was capped with a fellowship as a way of strengthening relations with our development partners, especially that with the media.
MANILA - Remittances from Overseas Filipino Workers (OFWs) posted a slower growth in October 2016 after inflows from sea-based workers fell due to stiffer competition among seafarers. Preliminary data released by the Bangko Sentral ng Pilipinas (BSP) Thursday showed that cash remittances in the 10th month this year reached USD2.1 billion, three percent lower than year-ago’s USD2.2 billion. BSP Governor Amando M. Tetangco Jr., in a statement, said inflows from sea-based
Peso notes with Duterte’s signature out next week STARTING next week, the public will see the Philippines’ new generation currency (NGC) bank notes that have the signature of President Rodrigo R. Duterte. “The notes are ready. The first batch is expected to be released next week after completing the approval and release procedures with the banks,” Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. told reporters Wednesday. Tetangco said all the paper bills, namely P20, P50, P100, P200, P500 and P1,000, with the signature of the new president would be issued next week. peso/PAGE 9
workers last October fell 11.1 percent while remittances from land-based workers dropped 0.6 percent. “St if fer comp et it ion in the supply of seafarers, p ar t i c u l arly f rom E ast Asia and Eastern Europe, has contributed to the declining trend in sea-based remittances,” he said. Lower cash remittances were traced primarily from Saudi Arabia, Singapore, Hong Kong, Italy, Malaysia, the Netherlands, and the United Kingdom. Tetangco said depreciation
of major host countries’ currencies against the US dollar partly contributed to drop in the value of cash remittances last October. He said inflows from UK fell 5.9 percent “even as the volume of remittances in original currency (pound sterling) increased by 16.5 percent.” ” T h e c a s e o f It a l y, Germany, Greece, and the Netherlands, however, is different, as remittances in both US dollar equivalent and original currency recorded declined in October,” he said. In the first 10 months this year, total cash remittances
reached USD22.12 billion, up four percent than year-ago’s USD21.27 billion. Bulk, or 80 percent, of these inflows came from the US, Saudi Arabia, United Arab Emirates, Singapore, UK, Japan, Qatar Kuwait, Hong Kong, and Germany. Actual growth of cash remittances last October was below the 10.8 percent expansion forecast of ING Bank economist for Asia Tim Condon. He projects full year remittance growth at six percent, higher than the four percent print in 2015. (PNA)
THE CENTRAL BANK has released new rules for the licensing and expansion of pawnshops, alongside stricter disclosure rules in terms of loan rates to boost consumer protection. In a statement, the Bangko Sentral ng Pilipinas (BSP) announced that it is adopting a new supervisory framework for pawnshops, which are the entities with the widest branch network among financial players. The BSP will also introduce new types of licenses to pawnshop operators, which would depend on the “type and/or level of complexity” of its operations and would entail a specific minimum amount of capital. Existing operators are given one year upon the effectivity of the new rules to secure their licenses, with existing
registrations and authority to operate certificates to be revoked soon after. Paw nshop s w i l l not have to seek prior approval from the BSP to open new branches, against the previous practice that covered banks and other financial entities. Instead, a “network-based” approach will be used, where the pawnshops are only required to notify the BSP upon start of operations of a new unit. D o c u m e n t a r y re quirements w i l l a ls o b e re duce d “for t he establishment, transfer, and voluntar y closure” of pawnshops and their branches, the central bank said. On the other hand, the central bank will be imposing stringent rules for pawnshop officials, as well as the need
to make their business rates public. “Under the new rules, the BSP shall put high regard on the fitness and propriety of the pawnshop operators, including its incorporators, directors, partners and officers, by focusing on their integrity, market reputation, competence, and financial capacity,” the statement read. Required to be disclosed are the effective loan interest rates and transaction fees, as well as policies on pawned items, including maturity dates, insurance, and grace periods, in pursuit of greater financial inclusion and consumer protection. To improve the financial footing of pawnshops, the BSP has also required that b or row i n g s c a n n ot b e financed “from more than watch/PAGE 11
BSP tightens watch on pawnshops
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Feature
Thu-Fri | December 15-16, 2016
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Tanghal university theater festival reflects Mindanao’s rich stories C
A G AYA N DE ORO C I T Y, Philippines — From broken dreams to vivid aspirations, different plays on Mindanao’s diverse narratives took the center stage at the 10th Tanghal University Theater Festival held on November 25 and 26 at Xavier University Ateneo de Cagayan. The festival was composed of three main performances from XU’s The Xavier Stage, Mindanao State University Marawi’s Sining Kambayoka Ensemble, and La Salle University Ozamis’s Teatro Guindegan, and two fringe presentations from Xavier’s Dulaang Atenista and Pasundayag Community Arts of Cagayan de Oro City. Through the support of the National Commission for Culture and the Arts’ National Committee on Dramatic Arts, the tenth installment of Tanghal formed part of the celebration of the Mindanao
By Stephen J Pedroza Week of Peace 2016. In this year’s Tanghal, Mindanao was given Earth (Yuta) as its theme, to which the host institution Xavier Center for Culture and the Arts (XCCA) appropriated Yuta to signify Mindanao as the “Land of Promise and Peace” and curated plays about our ethnicity, hopes, and origins. All shows of the 10th Tanghal University Theater Festival were open to the public for free and were held at the XU Little Theater. The Moro question The Xavier Stage (TXS), a resident repertory theater company of Xavier University, presented a twinbill of Dr. Art Casanova’s “Nang Lumuha ang mga Tala sa Gitna ng Lawa” and Romeo Nar vaez’s “Dula Ta.” This ama lgamate d production was aptly titled “Singanin,” a Meranao term for “aspiration.” Singanin depicted the
Dr Jazmin Llana of NCDA NCCA
struggles of the Moro people who were victims of the Mindanao conflicts in the areas of North Cotabato, Lanao del Norte, Lanao del Sur, and the Zamboanga Peninsula. Casanova’s part presented cunningly the intertwines of land grabbing, hunger and poverty, and the infamous clashes between the Ilaga and the Barracudas — who were para-militaries created by scheming politicians a year before the declaration of Martial Law in 1971. Meanwhile, Nar vaez poignantly reflected the contemporary Mindanao conflict through the eyes of two children who witnessed the ravages of war at a young age. Singanin was staged under the artistic direction of Hobart Savior, who is also the director of XCCA. “Mindanao theater is alive!” Savior exclaimed. “ T h ro u g h t h i s t h e at e r festival, we hope to highlight the issues at the peripheries and the historical injustices in Mindanao. It has been one of the missions of The Xavier Stage to showcase plays with social relevance and with peace as an aspiration.” Under the rain of bullets Mindanao State University Marawi’s Sining Kambayoka Ensemble staged their critically-acclaimed “Sa Ilalum sa mga Nag-ulang Tingga” (Under the Rain of Bullets), directed by Pepito Sumayan. Sumayan, a Meranaw native, is an actor, writer and cultural worker based in Lanao del Sur. He is a homegrown talent of Sining Kambayoka and he first appeared in “Mga Kuwentong Maranaw” in 1993. “Un d e r t h e R ai n of Bullets” was written by seasoned playwrights Marili Fernandez-Ilagan and Sunnie Noel. Heaven or hell Completing the three maj or of fe r ing s of t he
The Xavier Stage’s ‘Nang Lumuha ang mga Tala sa Gitna ng Lawa’ by Arthur Casanova
The Xavier Stage’s ‘Dula Ta’ written by Romeo Narvaez
Bashier and Potre of Nang Lumuha ang mga Tala sa Gitna ng Lawa by Arthur Casanova
Mindanao directors and artists with Dr Jazmin Llana of NCDA NCCA
10th Tanghal festival was La Salle Ozamis’s Teatro Guindegan’s “Ang Tawo.” Directed by Felimon Blanco, the play followed the death of “Tawo,” an allegorical figure of humanity. When Tawo was called upon by Kamatayon (Death) to face his end, he approached his friends and family, but no one wanted to accompany him to the “Other Side.” With allusions of man’s seven deadly sins, Tawo considered bringing his wealth in the afterlife, but it wouldn’t save him either. His last resort was to approach Paghigugma (Love) whom he has forgotten for a long t ime. Pag higug ma a ls o invited Matandang Propesor a n d B a t a n g P r o p e s o r, metaphorical figures of the Church, to join them in the journey. Tawo had to cleanse himself from his sins so he could enter the Paradise. ‘No Prob, It’s Improv’ Ta n g h a l t h e a t e r festival also offered fringe performances. The 28-year-old Dulaang Atenista, the resident theater comp any of Atene o de Cagayan, also performed the crowd-favorite “No Prob, It’s Improv,” a live improvisational performance wherein actors created plot, characters, dialogues, and
Fellow directors of Tanghal 10
Audiences lined up at the front of house
scenes on the spot. Their show was under the artistic direction of Ray Anthony Lao. “No Prob, It’s Improv,” was formed after a few DA members were exposed to “Whose Line is it Anyway?” re-runs and shows of the B acolo d Improv Group back in 2010. Later on,
they were able to use Peque Gallaga’s modified Viola Spolin workshops which were beneficial to the group and to their live skits. Dulaang Atenista has cemented itself as a major force in Cagayan de Oro City’s improvisation theater scene. tanghal/PAGE 9
Prof Sunnie Noel of Sining Kambayoka
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Lifestyle 8
Thu-Fri | December 15-16, 2016
Barangay Iponan
“Annual Light A Tree & Suman Festival 2016” I am again honored to be invited as one of the judges for this year’s “Suman Festival” last December 9, 2016 (Friday) at Barangay Iponan, Cagayan de Oro City. Barangay Iponan is known for their Suman here in the city. If you want to order the classic Suman, which reminds me of my younger days, then Iponan is where you can get them. Upon arriving at the Barangay Hall, you can really feel the good vibes at Iponan. So many presents
wrapped for the people, smiling faces and of course, they serve us all very good food. It’s something I really look forward to whenever I visit. They serve my favorite bibingka, suman, pansit, mangga, puto and hot chocolate/ tablea. That’s how they take care of their guests. They make us feel special. It’s always fun for me judging at Iponan because not only I get to try 44 different kinds of sumans because there were 44 participants, but I
get to talk to all the participants and get to know them a little more. I make it a point to have a conversation with them before leaving their respective booths. The kids are also very respectful and smiling. They approach us and bless. At the Senior Citizen booth, the husband and the wife prepared the sumans together and even gave us handmade flowers. The school teachers really prepared for their booth. At the Iponan Basketball
Club, the guy made me laugh. He really made a great deal of effort because according to him, he only wins in basketball games and he hopes to win in the suman contest as well. And so on… There were different kinds of sumans. Each booth have their own specialty. There’s the suman with vegetables, suman with coco jam, suman with mango, suman with pineapple, mango float suman which I actually liked, suman dipped in
chocolate, suman with ube and milk and of course my all time favorite is still the classic suman. You can really see how the Iponanons participate during the events of the barangay which is actually what I really admire. Of course, this was made possible because of the very efficient Kag. Gaga Brellita who is the Chairman of these activities. Congratulations to all the winners and hope to see you all again next year!
W inners of the 2 0 1 6 L ight a T ree and S u man F estival : Suman Cooking: 1st place- Iponan Elem. School (92.97%) 2nd place- Zone 4 (92.08%) 3rd place- Zone 3 (90.86%) 4 consolation prizes: Iponan Nat'l High School (90%) Westfield Homes Subd. (89.98%) Iponan Daycare Center 1 (88.98%)
Judges (from left to right): Kathrina Disto, Michelle Francisco, Emily Ceballos, Manolito Muñoz and Gean Cesar together with Miss Cagayan de Oro 2016 - Sherlyn Legaspi Doloriel
Three G's Little School House (88.46%) Suman Presentation: 1st place- Iponan Elem. School (94.33%) 2nd place-Zone 3 (94.22%) 3rd place- Zone 4 (93.77%) 4 consolation prizes: Westfield Homes Subd. (92.33%) Three G's Little School House (89.47%)
Photo Credit: Raphy Arcaina
Iponan Nat'l High school (89%)
Photo Credit: Ercel Maandig
ASI ( 8 8 . 8 8 % ) Cultural Night Presentations: 1st place- Bulao Elem. School (91.4%) 2nd place- Happy Land International School (90.8%) 3rd place- Zone 6-Bulao (90.6%) 7 consolation prizes: Iponan Elem. School (89.6%)
Photo Credit: Raphy Arcaina
Zone 7-Balaus (88.6%) Iponan Senior Citizens Ass. (88.4%) Zone 4 (87.8%) Zone 3 (86.4%) Zone 5-Camansi (85%) Evangelical Achievers' Academy (82%)
Photo Credit: Ercel Maandig
Here with my good friend, Kag. Gaga Brellita
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BSP simplifies guidelines on establishment of branches Consistent with the BSP’s p ol i c y of promot i ng a competitive banking e nv i ron m e nt an d e a s e of doing business, t he Mone t ar y B o ard ( M B ) 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 cit ies previously considered as
restricted areas, namely, Ma k at i , Man d a lu yon g , Manila, Paranaque, 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 the gradual lifting of 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.
Takeda Philippines Awarded 2017 Top Employer Status Recognition received as one of the Best Companies to Work for by the Top Employers Institute Takeda H e a l t h c a r e Philippines, Inc. (Takeda P h i l ippi n e s ) h a s b e e n certified as a Top Employer for its outstanding employee offerings. The recognition comes from Top Employers P h i l i p p i n e s a n d To p Employers Asia Pacific 2017 through independent research conducted by the Top Employers Institute. The annual international research undertaken by the Institute recognizes leading employers around the world: those that provide excellent employee conditions, nurture and develop talent throughout all levels of the organization, and which strive to continuously optimize employment practices. Takeda Philippines is one of the select companies to achieve the exclusive Top Employers Asia Pacific 2017 certification. Takeda has also been similarly certified in a number of other countries in the region. “This is a significant m i l e s t o n e f o r Ta k e d a in the Philippines,” said Gabriel Georgy, President and General Manager of Takeda Philippines. “We have focused on investing in our staff, providing an environment that encourages learning and also put in place initiatives that will
help our people develop and flourish in their careers. For an organization that has been operational for less than two years, this is something that we should be very proud of. Takeda is also delighted to be part of the exclusive and internationally renowned community of Top Employers in Asia Pacific.” T he Top E mpl oye rs Institute globally certifies excellence in the conditions that employers create for their people. It recently announced the overall results of this year’s research into the employee conditions of significant employers in the region. Crucial to the Top Employers process is that participating companies must meet the required high standards in the research in order to achieve the certification. In addition, organizations that achieve certification in at least four countries within the region are awarded the special Top Employers Asia Pacific 2017 recognition. T he Top E mpl oye rs Institute assessed Takeda Philippines employee offerings on the following criteria: • Talent Strategy • Workforce Planning
• On-boarding • Learning & Development • Performance Management • Leadership Development • Career & Succession Management • Compensation & Benefits • Culture David Plink, CEO of the Top Employers Institute: “Our extensive research concluded that Takeda Philippines forms part of a select group of employers that advance employee conditions worldwide. Their people are well taken care of. Now that they have received the Top Employers Asia Pacific 2017 certification, they can truly consider themselves at the top of an exclusive group of the world’s best employers.” To learn more about the Top Employers Institute and the Top Employers certification visit: www.topemployers.com. About Takeda Healthcare Philippines Ta k e d a H e a l t h c a r e Philippines, Inc. (THPI) is a subsidiary of Takeda Pharmaceuticals Company, Ltd. (TPC) of Japan. Takeda Philippines imports pharmaceutical products
in finished and semi-finished form. The company provides patients in the Philippines with innovative medicines in gastroenterology, cardiology, oncology and women’s health. About Takeda Pharmaceutical Company Takeda Pharmaceutical Company Limited is a global, research and developmentd r ive n ph ar m a c e ut i c a l company committed to bringing better health and a brighter future to patients by translating science into lifechanging medicines. Takeda focuses its R&D efforts on oncology, gastroenterology and central nervous system t he r ap e ut i c are as plus vaccines. Takeda conducts R&D both internally and with partners to stay at the leading edge of innovation. New innovative products, esp ecially in the areas o f o n c o l o g y, C e n t r a l Ner vous System (CNS) gastroenterology, as well as our presence in Emerging Markets, fuel the growth of Takeda. More than 30,000 Ta k e d a e mp l oy e e s are committed to improving quality of life for patients, working with our partners in health care in more than 70 countries. For more information, visit http:// www.takeda.com/news.
Peso...
d e m o n s t r a t i o n performance. Pasundayag project director Denise Mordeno Aguilar shared her experiences as a scholar of the program, Professional Diploma in Intercultural Theater (Major in Acting), at the Intercultural Theatre Institute, Singapore. Her scholarship was made possible by the generosity of the NCCA and the Kuo Pao Kun Foundation. P a r t o f M o r d e n o’s discussion was a documentary film on our Sinaunang Baybayin, the outc om e of a s e r i e s of activities from a workshop facilitated by Emil Yap, an expert on the ancient Filipino writing system,
famously coined as “Alibata.” “Baibayin” or “baybayin” is a system of writing of our Fi lipino ancestors, which star ted f rom the ro ot word “ b ay b ay ” or “baibai,” meaning “spelling or tracing.” The Sinaunang Baybayin is not based on the Doctrina Christiana developed and widely disseminated by the colonizers; in fact, this is the “Alpabeto ni Bonifacio,” which the Katipuneros used in their secret covenant. Pasundayag is a community arts group in Mindanao whose theater apprentices are now the young blood not only in M i n d a n a o t h e at e r, but also in the national stage,
s u c h a s Ma r k B aut i s t a and Johnny Macanas. Since its first production in 1998, Pasundayag has b e come a pl at for m for multidisciplinar y initiatives on culture and the arts in the region. The group also intends to op en its ow n studio based in Cagayan de Oro City to conduct classes for those who are interested to learn about contemporary theater work. The recently-concluded Tanghal university theater festival was a reflection of Mindanao’s rich narratives, f rom broken dreams to sharp-witted vignettes to vivid aspirations for the second largest island of the Philippines.
from page 6
He, however, declined to disclose the number of bank notes with Duterte’s signature that will be issued starting next week. Duterte’s official term as the country’s Chief Executive started on June 30, 2016.
Tanghal... from page 7
Documentarydemonstration on Alibata The Pasundayag Community Arts and Production (formerly known as Pasundayag Theater and Arts Collective) also presented a documentary-
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thu-fri|december 15-16, 2016
Program... from page 1
lease-and-transfer, built operate transfer, contractadd-and operate, developo p e r a t e - a n d - t r a n s f e r, rehabilitate-operate-andtransfer, concession, joint venture, lease or merely a management contract. The PCCI is the leading partner of the government in its Public-Private Partnership for the People Initiative (LGU P4), bringing with it its members from as diverse sectors as trade, commerce, agri-business, transportation, communications, tourism, ser vices, information technology, manufacturing and processing, export and import, construction and housing. Ms. Bonagua said they are also targeting investors in the field of agribusiness, tourism and WiFi installation in support to the various local government units (LGUs) here. The PCCI held a roadshow and touched base with the mayors of four regions based here in Mindanao in a twoday gathering at one of the hotels here. “So far, the mayors have embraced the program and PCCI members are also willing to pour their investments here,” Ms. Bonagua said but did not identify the would-be investors pending finality to the agreement that they will reach. LGU P4 was launched in September. Rollout of initial partnerships is expected to begin next year.
Cancels... from page 1
from the statement made by the local designers of Davao City,” DOT Undersecretary Kat de Castro said in a Facebook post on Wednesday afternoon. In response, the Davao Fashion and Design Council Foundation, Inc. (DFDCFI) said in a statement: “We re s p e c t Mi s s Un i ve r s e Committee’s decision to cancel the show in Davao. However, the Davao visit of the Miss Universe candidates should push through even without the cultural show e v e nt . T h e c a n d i d at e s should not be deprived of the experience and distinct hospitality of Dabawenyos.” Earlier this week, the group of designers expressed disappointment at being “brushed off ” from the fashion show. “We are t a king t his seriously,” designer Dodgie Batu said Wednesday morning during a guesting in a weekly press conference in Abreeza Mall. DFDCFI has 11 registered members, although there are around 30 designers recognized by the group in Davao City. In a statement, DFDCFI expressed disappointment on the “explicit disregard of local Davao-based and Mindanaon designers, in general, at the January 19th event of Miss Universe in SMX Convention Center in Davao City.”
“No consultation among local designers was done by the Miss Universe Committee, represented by Renee Salud, to address cordiality and propriety, at the least, as to the participation of the local designers here,” the group said. “C a l l it prop e r and befitting, the Mindanaon designers have all the rights and benefits to best represent the distinctive fashion and style of Mindanao, in the first place,” the statement said. “Adding insult to injury, is the proposal of the committee to ask local designers in dressing up local models instead during the pre-show cocktails of the main event ironically featuring a nonMindanaon designer, Renee Salud, himself,” the group said. B oy Guinoo, veteran fashion designer in Davao City, had this to say: “I am displeased by the insensitivity o f t h e M i s s Un i v e r s e Committee, led by DOT Sec. Wanda Teo, to allow Renee Salud, a non-Mindanaon designer, to showcase the tapestry of Mindanao fashion in the Davao event of Miss Universe.” “Sec. Teo, who is supposed to be a Mindanaon herself, must have used her capacity to intelligently think about the impact her decisions must have caused our local pride of place and its people. I would like to think mediocre politicking has overran her,” Guinoo said.
Rice...
from page 1 program of LandBank called Sikat Saka. In total, the average yield reached 4.9 metric tons per hectare up by 4.1 percent from the 2015 level. Yield per hectare in irrigated and rainfed areas also posted increases by two and five percent,, respectively. This development pushed the production to P4.199 billion for the whole quarter or 20 percent higher than the previous year’s level. With that, rice sufficiency level during the third quarter of 2016 reached 93.9 percent or 11.10 percentage points higher than that of the same period the prior year, with stocks reaching to last 74 days based on the region’s daily rice consumption of 27,340 sacks. Corn also posted positive output during the third quarter with production reaching 498,991 metric tons or an increase by 7.5 percent as compared to the same period in 2015. Along with palay, the increase in production was attributed to DA subsidy. Coconut did not fare well though as it was the crop which was hit hard by El Niño in 2015. Only 490 million matured nuts were harvested during the period which was 1.6 percent lower than the number last year. Vegetables, root crops, fruits and industrial crops combined registered only a minimum 0.9 percent g rowt h in t he qu ar ter covering the months July through September or almost a hundred days.
Interest... from page 1
tourism and recreational facilities, light manufacturing and assembly, property development, health and wellness, educational and sport facilities, environmental protection or green projects, information and communications technology with telecommunications - subsumed under ICT, generation of new sources of energy, transportation and infrastructure, and publicprivate partnership (PPP) projects. Ortonio hopes to get these interested investors, noting that the city’s investment climate has improved. He reported that for the third quarter this year, about 39,887 new and renewed businesses were recorded compared to last year’s total registered investments of 36,950. (PNA)
Summit... from page 2
president of Mindanao State University main campus said peace and order is one of the reasons why people from Lanao del Sur is suffering from food insecurity and poverty. “People in Lanao should help one another. For a better Lanao del Sur, we need the cooperation of the people of Lanao,” he added. The summit participants were also given a copy of the Executive Order No.03 which created the Task Force for Fishery and Agricultural Development (TAFFAD), a body tasked to coordinate with provincial government offices to facilitate the effective and efficient delivery of services and assistance for fishery and agricultural development. (Zhayrah D. Mastura/PIO Lanao del Sur/ PIA)
Hurst... from page 4
you can and then do a little more: don’t worry about it! Because as long as you’re living Jesus’ way in a daily personal relationship with Him, you know for sure you’ve got nothing to worry about. But if today you’re not ready to die and face your Maker, you’ve got everything to worry about! So right now won’t you ask Jesus to forgive you for your past wrongs and living your own way. Then ask Him to take complete charge of your heart and lifestyle from this day on. That’s the only way you can start living His way all the time and be absolutely sure you have nothing to worry about. Just Think a Minute…
Batas... from page 4
receive and believe in, so they could become children of God. Many are simply contented with their own declaration, encouraged by their similarly-unknowing leaders, that they are already children of God. But mere declaration is not enough. He has to know what, or who, to receive and believe
in. If believers cannot even explain who or what they believe in, they are not true children of God. What, or who, then must we receive and believe in? Next issue, please! -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.
Chooks... from page 5
quality, oven-roasted chicken goodness brings a fresh and healthy ulam fix to many Filipino households, which, even Vic could not escape. “Personally, I didn’t think twice about promoting this product because Chooks-toGo is also my wife’s favorite,” Sotto admitted. “Aside from the taste, the price of one whole chicken for the family is reasonable—kayang-kaya eh. Ayos ka na, nag-enjoy ka na, nasarapan ka pa, at nakatipid ka pa!” Endorsing is one thing, but attesting to a product as a part of one’s daily life is a different story. And with Vic’s proven and reliable track record of promoting a product or brand he uses and trusts, families are in for a treat as moms are set to bring home hindi lang basta-basta take-home ulam, but Chooks-to-Go’s oven-roasted chicken that’s always masarap kahit walang sauce. “We are very excited to have Vic as our endorser because he really believes in the products he promotes,” said BAVI president Ronald Mascariñas. “With Chooksto-Go and Bossing together, we have a great opportunity to support hardworking moms with a go-to take-home ulam of choice that’s affordable, healthy, and delicious.”
Phoenix... from page 5
exchange that the company’s board of directors had approved the memorandum of understanding (MoU) while its management had executed the deal with global oil trader Noble Clean Fuels Ltd. She said the possible joint venture arrangement was for five years, and covers strategic investments in “brownf ield ass ets and greenfield developments in the supply of fuels as well as import terminal operations” of the company. Ms. Cabreros described Noble as “a g lob a l oi l trading company engaged in the business of offshore supply, export and import of petroleum products.” In a separate statement, Phoenix Petroleum said the MoU between the two companies “shall mull over and deepen a possible joint venture via strategic co-
investments” in brownfield assets or those that need to be modified or upgraded, and greenfield projects or developments that do not follow a prior work. Dennis A. Uy, Phoenix Petroleum president and chief executive, represented the company in the agreement, while Noble had William James Randall, global chief executive. Publicly listed Phoenix Pe t rol e u m h a s op e ne d 495 stations as of the endSeptember 2016, an increase of 41 from 454 stations as of end-2015. The company trades refined petroleum products and lubricants, operates oil depots and storage facilities, shipping and logistics, and allied services. It claims to be “the fastest growing oil company in the Philippines with an expanding network of operations nationwide.” As of the third quarter, the company posted a 19% increase in net income at P903.8 million, steered by a double-digit growth in fuel sales during the period. Profit growth, from P758.4 million in the same period last year, came after a 38% increase in fuel sales, which in turn was driven by an 18% rise in retail station sales and a 41% growth in the sales of its commercial, industrial and aviation business segments. The company said the jump in sales was a “direct result” of its “strategy to focus expansion in the retail station network, and the increase in same-store sales by 6.4%.”
Projects... from page 5
under the Comprehensive Automotive Resurgence Strategy (CARS) Program. MMPC President and CEO Yoshiaki Kato told reporters that the company will have its line-off ceremony in the first quarter of 2017 to start the local manufacture of the Mirage G4. The production of the Mirage hatchback will follow by May 2017. However, the MMPC will still utilize imported body shell for its Mirage vehicles as its stamping facility is expected to be operational early 2018, according to Kato. “The local content will be higher later. We will import the body shell from Thailand,” he said. According to MPPC First Vice President for Corporate Planning Group Yosuke Nishi, the company eyes Mirage production here to have 35 percent local components by 2018, which will gradually increase to meet the requirement under the government’s CARS Program.
Under the CARS Program, participating carmakers are eligible for production volume incentive if they can manufacture at least 50 percent of the assembly by weight in the case of body shell assembly, and produce major components of the assemblies in the case of large plastic parts assemblies. In February, Tokyo-based Mitsubishi Motors Corp. (MMC) announced that it will invest PHP4.3 billion in the Philippines, making the country its new production hub for Mirage and Mirage G4, which are currently manufactured in Thailand. Local sales of the Mirage hatchback and sedan are averaging 1,800 units a month. MMPC is one of two participating carmakers in the CARS Program, which aims to stimulate the growth of the local car industry through tax perks from the government. The government is allotting some PHP27 billion (USD600 million) for six years for the CARS Program. (PNA)
Watch... from page 6
19 creditors,” except those covering loans for acquiring fixed assets for businesses. “ The recently approved framework is among the series of reforms instituted by the BSP to promote a more responsive regulatory environment for pawnshops and other non-bank financial institutions.” “This way, they (BSP) will be able to monitor and regulate this market which straddles financial institution and deposit taking institution. Access to such data by the BSP will enable them to flag any suspicious activity and to better safeguard the interest of the consumers,” an analyst said via e-mail. “I don’t think there will be any changes to lending or borrowing by consumers but it will ensure that more people get ‘banked’ in a sense as they move to bring pawnshops closer into their purview.”
Liceo... from page 12
ANY 4-year Bachelor of Science degree. Classes will begin this coming July 3, 2017. For more inquiries and information, one may call (088) 8584093 to 95 local 121 or visit the Office of the University Registrar, Ground Floor, Rodelsa Hall, Liceo de Cagayan University Main Campus, Rodolfo N. Pelaez Boulevard, Kauswagan, Cagayan de Oro City. Adelante!
GOLDEN ICON PAWNSHOP Benerandita L. Abrasaldo Main branch: Hayes – Osmeña Street, Cagayan de Oro City Tel No. 72-99-73 Puerto branch: Puerto, Cagayan de Oro City Tel No. 74-26-75 NOTICE OF AUCTION SALE Starting December 21, 2016, 8:30 in the morning up to 5:30 in the afternoon, this establishment will hold a public auction of all overdue pledges from August 1, 2016 to October 31, 2016. Patrons are enjoined to verify their receipts. The Management Sa Disyembre 21, 2016, sa alas 8:30 sa buntag hangtud sa alas 5:30 sa hapon, ang tanang butang na prenda nga wala malukat sa bulan sa Agosto 1, 2016 hangtud sa Oktubre 21, 2016 maapil sa subasta. Gi awhag ang tanang butang sa pagsusi sa ilang resibo. Ang Tagdumala BWM: December 16, 2016
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thu-fri|december 15-16, 2016
Liceo U offers college of medicine starting AY 2017-2018
students do better in memorization. Bluetooth headsets are compatible with most gadgets including home pc and audio devices other than your mobile phones thus, giving you a wider range of connectivity. It can be used up to 30ft range. With prices as low as Php280, this will also be a great gift idea across all genre and
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In her pursuit of continuing academic excellence in the country, Liceo de Cagayan University is offering a degree of Doctor in Medicine starting Academic Year 2017-2018. The program is part of the initiatives of the university to provide access to quality education for young Filipinos in Mindanao and nearby areas in the field of health and medicine. More so, this is Liceo U’s commitment to the community to produce globally competitive graduates with a sense of social responsibility and genuine care for fellowmen. The permission to offer the Doctor of Medicine program was granted to the University by virtue of the Resolution No. 7522016 of the Commission on Higher Education
in accordance with the provisions of the Republic Act (RA) No. 7722 otherwise known as the “Higher Education Act of 1994”. The Government Permit (GP No, 0142016) was signed by the Chairperson Dr. Patricia B. Licuanan, Ph.D last October 25, 2016 in Manila, Philippines. A team of highly qualified and competent medical practitioners and experts in the field of teaching medicine and health related course are on board to provide the students the necessary knowledge and skills in t5heir chosen field of study. Pre-registration for interested applicants to the first batch of Liceo U college of Medicine students are now ongoing. We accept graduates of liceo/PAGE 11