Issuu

BusinessWeek M I N DA N A O CREDIBLE

Volume X, No. 79

Market Indicators AS OF 6:00 PM DEC. 13, 2019 (FRIDAY)

FOREX

PHISIX

US$1 = P 50.640

7,877.63

X X Briefly

7.10

136.56

cents

points

Export boom

YOUR MINDANAO-WIDE BUSINESS PAPER

RELIABLE

www.businessweekmindanao.com

IN-DEPTH

Monday|December 16, 2019

P15.00

Investors unaffected by martial law, DTI-10 says Thank you for trusting us!

By JIGGER JERUSALEM, PNA

HE imposition of mar tial law in Mindanao has not affected the commercial activities in the island, specifically in Northern Mindanao, the chief of the Department of Trade and Industry in Region 10 (DTI10) said Thursday.

THE Department of Trade Industry (DTI) expects exports of goods and services to increase by 2 to 4 percent up to about $99 billion this year, with services leading the growth. “I think it’s now between 0 to 1 (percent growth); the way it appears, this is for goods only. Because services will still show about single-digit growth,” DTI Secretary Ramon Lopez told reporters over the weekend. Lopez said they were hoping to hit 2-percent rise in exports of goods this year, but the United States-China trade war has impacted supply chain activities.

“With or without martial law, we had plenty of investors [in the region],” said DTI-10 Director Linda Boniao during a press conference here. UNAFFECTED/PAGE 10

Onion supply shortage triggers price increase in Mindanao

Better marketing DAVAO City — The city’s business chamber is focusing on helping companies build their marketing capability in 2020 following this year’s round of trade missions. John Carlo B. Tria, incoming president of the Davao City Chamber of Commerce and Industry, Inc. (DCCCII), said he wants to focus on capacity building, business promotion, and policy advocacy. “These are the three major areas that we will develop,” he told the media at a forum last week. He added that he will “discuss specific approaches under those three banners” as soon as the chamber drafts its plans, but add that the aim is to help businesses develop new markets and strengthen disaster resilience.

We strive for Excellence!

Philippine Press Institute Civic Journalism Community Press awardee for the following: 2013 Best in Business and Economic Reporting 2014 Best in Environmental Reporting 2017 Best in Business and Economic Reporting 2018 Best in Business and Economic Reporting

By BONG S. SARMIENTO, MindaNews

JOBS GENERATIONS. Presidential Communications Operations Office (PCOO) Secretary Martin Andanar emphasizes the role of the business sector in jobs generations which uplift most Filipinos from the brink of povrty under the Duterte administration. Ndanar was the guest speaker during the 8th Mindanao Business Leaders and Entrepreneurs awarding ceremony held Friday at Limketkai Luxe Hotel in Cagayan de Oro City. photo by gerry gorit

KORONADAL City -- Prices of onion have skyrocketed in parts of Mindanao due to supply shortage in the last several weeks, officials of the Department of Agriculture-Region 12 (DA-12) here said. Harmie Hechanova, DA-12 high value crops program regional ONION/PAGE 10

Mindanao biz leaders hailed By MARK FRANCISCO

BEST IN CSR. SM Mall Cagayan de Oro City manager Bernadeth Flores receives the award as the Best in Corporate Social Responsibility (CSR) from Dante Sudaria, president/CEO of Mindanao Daily News/Businessweek Mindanao Corp., during the 8th Mindanao Business Leaders and Entrepreneurs Awards held Friday at Luxe Hotel, Limketkai, Cagayan de Oro City. With Ms. Flores is Ms. Ivy Guantero, public relation manager of SM Premiere. photo by gerry lee gorit

A total of 36 companies were feted in the 8th Mindanao Business Leaders and Entrepreneurs Awards that was held Friday at Limketkai Luxe Hotel in Cagayan de Oro City.

The awards gives honor to various Mindanao business leaders and entrepreneurs, serving as catalyst for their continued and concerted effort to seek greater heights and strive for success in the

noble mission of propelling Mindanao and its people towards full economic growth and sustainable development. The awardees for best CSR program were the following: CEPALCO, STEAG State Power Inc. and SM City HAILED/PAGE 10

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776

Local ‘Invest in Nutrition’ says NNC exec I

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

MONDAY|DECEMBER 16, 2019

By RENEE MAE F. GUHITING, Contributor

F we can influence our youngster to invest in nutrition, then we have a better chance of saving more children from malnutrition and giving them a higher chance of having better lives,” said Executive Director of National Nutrition Council Dr. Azucena M. Dayanghirang. In her message during the Regional Nutrition Awarding Ceremony held at N Hotel, Cagayan de Oro City on November 28, Dayanghirang also urged local chief executives to use their powers to make a difference through

investing in nutrition. The 2019 Regional Nutrition Awarding Ceremony aims to give recognition in the form of incentives/awards such as the Quality Nutrition Program (QNP), Consistent Regional Outstanding Winner in Nutrition (CROWN) and the Outstanding BNS. The Quality Nutrition Program Certificate is given to a municipality, city or province for being on track on nutrition program as indicated by its Overall Very Satisfactory compliance of the 2018 nutrition standards with ratings not lower than

three (3) and with an overall score of 75% and above. This award is given in lieu of the Green Banner. This year’s Regional awardees as confirmed by the Regional Nutrition Committee X (Resolution No. 1 series of 2019) were Kadingilan, Quezon and Valencia City, Bukidnon and Bonifacio and Tudela, Misamis Occidental as Quality Nutrition Program award recipients; Ms. Rose N. Alipoyo of Brgy. Kauswagan, Cagayan de Oro City as the 2018 Regional Outstanding Barangay Nutrition Scholar (ROBNS); and Award of Merit for Cagayan de Oro City,

Misamis Occidental and Manolo Fortich, Bukidnon as CROWN, First and Second Year CROWN Maintenance Awardees, respectively. Mayor Clive D.

Quiño of Manolo Fortich Bukidnon in his response speech as the 2ndYear Consistent Regional Outstanding Winner in Nutrition (CROWN) Maintenance Awardee said

the award is a celebration of the successes of those who pledged to fight malnutrition. He said that the efforts of the LGU do not stop NUTRITION/PAGE 11

DTI-10 gears to complete region's Negosyo Centers by 2020 THE Department of Trade and Industry (DTI) Northern Mindanao is preparing to complete the establishment of all Negosyo Centers in the region by 2020. This was announced during the first Regional Negosyo Center Conference held recently in Cagayan de Oro City. Negosyo Center is DTI's program responsible for promoting ease of doing business and facilitating access to services for Micro, Small and Medium Enterprises

(MSMEs). DTI is keen on achieving its target of opening 94 Negosyo Centers with 85 already established across the region: 5 in Camiguin, 21 in Bukidnon, 20 in Lanao del Norte, 13 in Misamis Occidental and 26 in Misamis Oriental. National Negosyo Center Program Director Emma Asusano, on behalf of Undersecretary Blesila Lantayona, congratulated the Negosyo Center Cagayan de Oro City for being the first Negosyo

Center to open in the region and in the nation. The Negosyo Center Cagayan de Oro City was opened on November 13, 2014. "Negosyo Center is a living organization because we deal with our Micro, Small, and Medium Enterprises - the catalyst for the economy of the nation," Director Asusano said. Assistant Director for DTI-Export Marketing Bureau Agnes PerpetuaLegaspi highlighted DTI's support in creating businesses especially Philippine start-ups during her afternoon talk on Building Negosyo Center Plus Ecosystems: Developing Innovative Entrepreneurs for the Global Market. "For you to get that mindset, it has to be... looking and thinking of new things, doing new things and creating value in the marketplace," she said. The regional conference also featured best practices that are NEGOSYO/PAGE 11

CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

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

MONDAY|DECEMBER 16, 2019

CorporateWorld

Toyota PH president steps down

OYOTA Motor Philippines Corp. (TMP) will have a change of leadership next year as its president Satoru Suzuki steps down by the end of December. “[It] is with both sadness and gratitude that I announce my time with Toyota Motor Philippines has come to an end. Taking up the mantle of Presidency from 2016 to 2019

proved to be a challenging journey made easy with everyone here by my side,” Mr. Suzuki said in a TMP statement quoting a speech that he made during a Dec. 10 event. “I will leave this stage knowing with full confidence that Toyota and the automotive industry are in good hands,” he added. TMP said it will publicly

PAL, Smart surprise arriving passengers from Doha, Riyadh MORE than 200 Filipinos from Doha and Riyadh were given simple treats upon their arrival at the Ninoy Aquino International Airport (NAIA) on Thursday. Philippine Airlines (PAL) and Smart have teamed up for this surprise, wherein the said passengers received a gift bag, and were treated with performances from Regine Velasquez and Ballet Manila. The two firms have also launched partnership to provide arriving tourists with sim cards which are pre-loaded with 1 GB of open-access data, unlimited texts, and unlimited calls to Smart, TNT and Sun subscribers, valid for one

day. In-flight vouchers for this kind of sim card can be claimed these at the Smart booths located at the airports' arrival area. According to PAL, holders of this sim card can look forward to exclusive seat sales and other promos, as well as free access to PAL’s hotline, website and app. “With this agreement, our friends from other countries who are visiting our islands can share their travel experiences while on-the-go using the 'Smart PAL Travel SIM' on the Smart LTE network that we have put in place across the country,” said Alfredo Panlilio, Smart president, in a statement. (PNA)

announce the new president of the company “early next year.” TMP Chairman Alfred V. Ty said Mr. Suzuki was a valuable asset for the company, having led it to several successes such as the “strong resurgence of local parts manufacturing, grassroots motorsports and environmental initiatives… (and) introduction of key global models to the Philippine

market.” “His hands-on leadership approach propelled Toyota to rebound from last year’s tough market conditions, and we are fortunate to have a President who truly led by example,” Mr. Ty was quoted in the statement as saying. TMP was able to sell 114,117 car units in the nine-month period ending September, up

4.3% from last year. It is investing P4.5 billion to build a new hub in Luzon to expand its current stockyard operations in Laguna. The new facility is scheduled to open by late 2020. TMP is part of the Ty familyled GT Capital Holdings, Inc., which reported a 40% rise in its year-to-date attributable net income to P15.33 billion.

Pag-IBIG launches online portal

THE Home Development Mutual Fund (Pag-IBIG Fund) on Friday launched an online portal that makes its services available to members 24/7. “The Virtual Pag-IBIG has been a long-term project of the Fund. Before launching, we made sure that support systems have been prepared and that the security of our database has been put in place. We are happy that our long-term plans to provide our members with a more efficient and accessible service have aligned with President Rodrigo Roa Duterte’s call to make government service responsive to the needs of the public by harnessing technology,” Secretary Eduardo D. del Rosario, who heads both

the Department of Human Settlements and Urban Development (DHSUD) and the 11-member Pag-IBIG Fund Board of Trustees, said in a statement. Mr. del Rosario and Pag-IBIG Fund Chief Executive Officer Acmad Rizaldy P. Moti led the launch of the Virtual Pag-IBIG at the Philippine International Convention Center in Pasay City. Virtual Pag-IBIG is accessible through the agency’s website (https:// www.pagibigfund.gov. ph). A beta version was introduced in October. “Pag-IBIG Fund is celebrating its 39th anniversary this month with the theme ‘Serving the Nation with Excellence and Innovation.’ And what

better way to mark our 39th year than with the unveiling of one of the most innovative services in our history, the Virtual Pag-IBIG,” Mr. Moti said. “With this new service, it’s like having your own personal PagIBIG Fund branch at your fingertips. With just a smartphone and an internet connection, our members can now do their transactions with Pag-IBIG Fund online, anytime, wherever they are,” he added. Members can log in on Virtual Pag-IBIG to access services such as securing a Pag-IBIG Fund Membership ID (MID) number, taking the initial step to enroll for an MP2 Savings account, and monitoring their loan

application status. By creating a Virtual Pag-IBIG account, members can check their savings records, view their loan balances and get the latest news about Pag-IBIG Fund. They can also monitor and view the last ten transactions made with their Pag-IBIG Fund Loyalty Card Plus. Virtual Pag-IBIG also offers an online payment facility that allows members to pay for their loans and remit monthly savings through PayMaya or with Visa, Mastercard, or JCB credit cards. A real-time chat facility also aallows members to talk to a Pag-IBIG Fund service personnel to address any concern. Pag-IBIG Fund Loyalty ONLINE/PAGE 11

Opinion

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463-826-272-000 – VAT. Reg., and with Business Permit No. 2017-02942. Tel. Nos.: (088)856-3344, (088) 810-100, 0923432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com

BUSINESSWEEK MINDANAO CORPORATION Publisher DANTE M. SUDARIA President/CEO

ALLAN MARIO MEDIANTE

Vice President for Corporate Affairs

RUFINO T. MAGBANUA

Vice President for Business Development

JOE FELICILDA

Vice President for Administration

JOHN AARON M. DEL BANDO

Vice President for Events and Promotions

JOE PALABAO

Vice President for Marketing

MIKE BAÑOS

Vice President for Digital

NELSON CONSTANTINO Editor-in-Chief

GILBERT Y. CHAO

JUN AYENSA

Motoring Editor

Regional Editor - Caraga

MIKE BAÑOS Contributing Editors

ATTY. ANTONIO S. SORIANO

Feature Editor

2f, ICS Building Tel.No.: 881-0176 Tiano cor. Montalvan sts. Legal Counsel

CLIFFORD SANTILLAN

ATTY. MARIO T. JUNI

CHAINCERLIE SUMALPONG Advertising

Juni Law Office Cruz Taal St., CDO Legal Counsel

JOE PALABAO Layout Artist

DAVAO MARKETING OFFICE Door 223, Doña Segunda Bldg., CM Recto Ave., Davao City Telephone #: (082) 298-8815 Regional Mktg Manager-JOE PALABAO- 0926-8430152 Circulation-JOHN PAUL AQUINO, 0907-331-5640

Member: Philippine Press Institute Oro Chamber

Brother like that Think a minute…This is a true story about a man named Paul whose brother gave him an early Christmas present. It was a brand new car! A few days later, Paul was leaving work to go home on Christmas Eve. A boy named David was standing by Paul’s shiny new car. He said: “Sir, is this your car?” Paul answered, “Yes, my brother gave it to me for Christmas.” David looked surprised. He said: “You mean your brother gave it to you so it did not cost you anything? Wow! I wish…” But the boy stopped, and didn’t finish his sentence. Paul knew David was going to say he wished he had a brother like that. But he was so surprised when the boy said: “I wish I could BE a brother like that!” Paul then asked David if he would like to ride in his car. “Oh, Yes!” he answered. “I’d love to!” Paul and his new friend had been riding a while when David said: “Mister, would you mind driving in front of my house?” Paul smiled, thinking David wanted to show his friends that he was riding in a new car. David asked Paul to stop

THINK A MINUTE

MONDAY|DECEMBER 16, 2019

Vision 2020 in Year 2020

PRETTY soon, the Mindanao Daily Express Transport Cooperative will fly its wings in the major streets and highways of Northern Mindanao. Following its Vision 2020 in Year 2020, the newest to join the transport bandwagon in the region has been awarded by the Office of Transportation Cooperatives (OTC) the much awaited C E R T I F I C AT I O N f o r satisfactorily completed the required Cooperative Education and Transport Operations Seminar (CETOS) signed and issued by Cresenciana Es. Galvez, Chief Operation Division of OTC Manila. Mindanao Daily Express Transport Services Cooperative has this Mission: To become a highly competitive transport services

cooperative imbued with the spirit of cooperativism through genuine operation and proactive management. Its Vision: To enjoy sustainable income and improved quality of life for its members. The Mindanao Daily Express Transport Services Cooperative aims to become a dynamic and responsive transport cooperative by providing efficient operation and sound fiscal management to e ar n i nc re as e d and sustainable income and social benefits for its members. That said, the past six months leading to the i mpl e me nt at i on of t he countr y’s Public Utility Veh i cl e Mo d e r n i z at i on Program (PUVMP) on June 2020 have been contentious and confusing as it were. As observed, the road on

the way to the realization of this transport program is punctuated by raised eyebrows from the transport sector. For instance, a PUVMP drawback was the recent launching of OROTSCO’s 15 brand new units to ply in a route already serviced by five other existing and old transport cooperatives. To the affected transport groups questioning the favored OROTSCO, the launching came too fast for a decision handed down by LTFRB . Assigning routes are the sole responsibility of Local Government Units. Goverment regulators like the Department of Transportation must “go back to the drawing board” and revisit the public utility vehicle modernization program

UNRUFFLED

RUFFY MAGBANUA (PUVMP) as t ransp or t groups are lukewarm to its full implementation next year. Already, the DOTr had announced earlier that the old jeepney units that will pass roadworthiness tests will be allowed to continue serving their routes beyond 2020 despite the government’s push for the full implementation VISION/PAGE 11

Flight attendant announcements - some funny airline safety scripts we'd love to hear! NUTS & BOLTS

Cell No: 09352379999

MANILA OFFICE: 9th Floor, Unit 918, CityLand Herrera VA Rufino Cor. Valero St., Salcedo Village, Makati City Tel. # : 5555392,Cell No.: 0977-152-8860 LANI VALLIDO-Marketing Manager

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

JEROME DE LA FUENTE

Everytime I am in the US I would make it a point to book Southwest Airlines, maybe lucky to hearing a really cool Flight Attendant Rap. I’m sure flight attendants could go that little bit further by injecting some humour and irony into their in flight safety announcements There’s lots of in flight safety announcements can become one and the same. But here is a list of some funny Flight Attendant Announcements and airline safety scripts we would love to

hear just to make that flight a little bit more enjoyable. Here are few you’ve love to hear • “There may be 50 ways to leave your lover, but there are only 4 ways out of this aircraft …” • “Free BEER!“ • “Your seat cushions can be used for flotation and, in the event of an emergency water landing, please take them with our compliments.” • “We do feature a smoking section on this flight; If you must smoke, contact a member of the flight crew who will escort you to the wing of the aircraft.” • “If you thought that take off was bad, just wait for the landing!” • “How do we turn left?” • “S m o k i n g i n t h e lavatories is prohibited. Any person caught smoking in the lavatories will be asked to leave the plane immediately.” • “Folks, we have reached our cruising altitude now,

so I am going to switch the seat belt sign off. Feel free to move about as you wish, but please stay inside the plane till we land … It’s a bit cold outside, and if you walk on the wings it affects the flight pattern.” • “If you see one of the engines fall off the wing mid flight, please kindly inform one of the cabin crew.” • “Thank you for flying with with us. We hope you enjoyed giving us the money as much as we enjoyed taking you for a ride.” • “This aircraft is equipped with a video surveillance system that monitors the cabin during taxiing. Any passenger leaving their seat before the aircraft comes to a full and complete stop at the gate will be strip-searched as they leave the aircraft.” • “Duty free alcohol cannot be opened or consumed on the aircraft by anyone, except for the pilots.” • “If there is a doctor

on board, please identify yourself to one of the cabin crew immediately. The pilot has passed out in the front seat and no one is flying the plane.” • “We’ve reached our cruising altitude now, so I’m turning off the seat belt sign. I’m also switching to auto pilot. This means I can come back there and, for the remainder of the flight, go for a nap.” • Shouting over the loudspeakers when landing: “Whoa, BIG fella …WHOA..!” • “Should the cabin lose pressure, oxygen masks will drop from the overhead area. Please place the bag over your own mouth and nose before assisting children. Or adults acting like children.” • “A warm welcome to our frequent fliers today, especially the ones that survived connecting flights to be with us today.” • From the cockpit – SCRIPTS/PAGE 11

Stepping into the supernatural world JHAN TIAFAU HURST in front of a certain house. The boy jumped out of the car and ran into the house. A few minutes later, Paul saw David coming back out carrying his crippled, little brother. He carefully sat his brother down on the steps in front. Sitting down next to his brother, David pointed to Paul’s new car. He said to his brother: “See that car, Buddy! This man’s brother gave it to him for Christmas. And someday, I’m going to give you one just like it. Then you can ride in it and see for yourself all the nice Christmas things in the stores that I’ve been telling you about.” Paul got out and lifted BROTHER/PAGE 11

WE NEED to realize more deeply that everytime we participate in any liturgical act, we are actually stepping into the supernatural world o f G o d . We a r e m a d e contemporaries with Christ as he continues his work of human redemption until the end of time. A n d t h a t ’s s i m p l y because in the liturgy, as in the celebration of the sacraments, especially the Holy Eucharist, Christ is made present and continues to act. The liturg y is a divine initiative, not ours. It’s God who brings us to his supernatural world. Ours is simply to express and articulate in human forms this divine initiative as commanded by Christ, and to participate in its supernatural dynamics. This is why we should develop and keep a very special consideration,

attention and devotion to the liturgy, especially the Holy Mass. In it, we have to give our all, carrying out what Christ commanded us to do: to love God with all our might, and our neighbor as ourselves, which he later perfected by saying that we have to love one another as he himself has loved us. If this truth about the liturgy is understood and upheld properly, you can just imagine how we ought to behave when we participate in a liturgical act! We can never exaggerate the intensity of our devotion, prayer and worship to God. Our best will always be found wanting. But the point is that we just have to do our best even if our best can still be made better. We need to do a more effective and abiding catechesis on this ver y important aspect of our

Christian life. We cannot deny that there are many things that indicate that the people’s understanding and attitude toward the liturgy is inadequate, marked by ignorance, confusion and error. This sorry state about how the liturgy is understood can even start among the clergy. Though we cannot generalize, neither can we deny that in many instances the sacredness of the liturgical acts appears to be missing due to the way they are celebrated. More than faithful ministers of Christ, some clerics reduce their status into simply being performers and actors. Being a divine initiative, the liturgy, as in the celebration of the s acraments, der ives its supernatural effectiveness more from God’s power (ex opere operato) rather than

HINTS AND TRACES

ROY CIMAGALA from our dispositions (ex opera operantis). Just the same, it will always demand of us the best dispositions that we can give. So we cannot overemphasize the need for the appropriate preparation we ought to have before celebrating or participating in a liturgical act. Our participation in it can be likened to the most pliable clay in the hands of WORLD/PAGE 11

5 BSP eyes lower BOP PH gov't, ADB sign 3 new loans surplus in '20 to support domestic economy Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

MONDAY|DECEMBER 16, 2019

THE Philippines is forecast to have a smaller balance of payments (BOP) surplus in 2020, which Bangko Sentral ng Pilipinas (BSP) attributed to projected stronger imports growth on expectations that there will be no issues on the national budget. Citing the projections made by the central bank last November, BSP Department of Economic Research (DER) director Dennis Lapid, in a briefing Friday, said the BOP position is seen to post a $3 billion surplus next year, lower than the $4.8 billion projected for this year. He said the problem faced by the government this year is not expected this year, referring to the delay in the national budget. This year’s national budget was signed into law only last April, which hampered the government’s ability to finance its program, particularly the infrastructure projects. This affected importation so imports are seen to grow by only 2 percent this year. Next year, imports growth is BSP/PAGE 11

Banking&Finance

THE government’s growth strategy received another boost Friday after the signing of three loan agreements amounting to $623.3 million between the Philippine government and the Manila-based Asian Development Bank (ADB). These agreements are the $400-million loan for Facilitating Youth School-to-Work Transition Program, Subprogram 2; the $23.3-million loan for Capacity Building to Foster Competition; and additional financing of $200 million for the Infrastructure Preparation and Innovation Facility. In his speech after the signing of the loan agreements at the Department of Finance (DOF) office, Finance Secretary Carlos Dominguez III, who signed for the government, said the loan packages “complement vital aspects of our overall development strategy.” For one, Dominguez said, the loan for the infrastructure preparation and innovation facility would be utilized for engineering and feasibility

studies for major projects under the “Build, Build, Build” program. Specifically, projects that will benefit from this particular loan include the Bataan-Cavite bridge, the Samal Island-Davao City connector bridge, Mindanao Railway Project, Metro Manila Subway, Subic-Clark Railway, and the NorthSouth Commuter Railway System, he added. On the other hand, the youth employment facilitation program will enhance the government’s

ability to “carry out policy reforms and government initiatives aimed at improving the employability of our talented young workforce.” “As you may know, the Philippines is poised to reach what has been coined as the ‘demographic sweet spot’. As the populations of some of the more mature economies in Asia begin to age, we are looking forward to the entry of millions of young Filipinos into the workforce. We must invest in them and ensure

that they are globally competitive,” Dominguez said. The third loan, in turn, is eyed to help the government implement the Philippine Competition Act. Dominguez assured ADB executives that the proceeds of the loans “will be used most efficiently to help realize the Duterte administration’s comprehensive development strategy.” As the government bids to ensure the strong and inclusive growth of

the domestic economy, he said it has implemented several measures that have resulted in, among others, a drop in poverty rates to its lowest in 40 years and the sustained strong domestic expansion. He added that the domestic economy is also expected to be elevated to the upper-middle-income status ahead of next year’s schedule. In his speech, ADB Vice President Ahmed Saeed said the loans signed during the day are part LOANS/PAGE 11

Microinsurance industry premiums rise THE MICROINSURANCE industry grew in the first nine months of the year on the back of higher premium production and expanded client base, the Insurance Commission (IC) data showed. The IC reported on Monday that the microinsurance industry’s overall premium production climbed 11.99% to P6.58 billion in the January-September period from the P5.87

billion it posted a year ago. Broken down, the mutual benefit associations (MBA) sector posted a 15.06% growth in premium production to P3.91 billion in the nine months to September compared to the P3.39 billion in premiums earned in the same period in 2018. The life insurance sector also grew its total premiums by 4.16% to P1.95 billion as of end-

September from the P1.88 billion in the same comparable period last year. Likewise, the nonlife sector’s number of premiums produced increased 19.08% to P719.97 million from the P604.63 million a year ago. In terms of coverage, preliminary data based on the quarterly reports submitted to the IC showed that the industry has 40 million individuals

covered by microinsurance as of end-September. Of this total, the MBA contributed the bulk or 62% as it covered 25 million members in the nine months to September. This was followed by the eight million clients covered by the life insurance sector, which was lower than the 11 million it had in the same period last year. The nonlife sector PREMIUMS/PAGE 11

LifeStyle

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

MONDAY|DECEMBER 16, 2019

Five Ways to Wisely Spend your 13th Month Pay It’s that time of the year again where people get their bonuses and go allout with their purchases. While this might be the perfect time to tick off items from your wish list, it's also important to prioritize your spending on those purchases which

can benefit you in the long run. We list down below recommendations on how to spend your 13th-month pay wisely: Buy stocks Getting into investments can seem intimidating at first. But with the vast information

Samsung DV90 Heatpump Dryer Stacking Kit with Front Load Washer

that can be easily accessed online, it’s easier to be financially literate in the Philippines. Check out some books and YouTube videos on how to properly strategize and choose the right stocks and investments based on your financial goal. This can pay off in the long run as long as you make smart decisions on where your money goes. Start an emergency fund Having a separate emergency fund is a necessity in order to be prepared when the time comes for unexpected expenses such as medical bills, house, and auto repairs. At a minimum, one should have three months worth of living expenses in your emergency fund. There are also online emergency fund calculators to help you decide on how to do this. Make sure to create a separate bank account for this to properly manage your accounts. Saving up for an emergency fund and knowing that one is all set can give a person a sense of security that can allow an individual to live a more peaceful life. Pay off debt Adulting also entails being responsible for liabilities. In order to start the year completely fresh, pay off the debt you’ve accumulated throughout the year! This makes way for a clean slate and a restart on how you purchase and prioritize expenses for 2020. Upgrade your home appliance Keeping the household intact is always a priority. Home appliances play a big role in the household and should serve their purpose in both function and design. If it seems like home appliances are showing signs that they are about to break down such as discoloration, making

weird noises and not doing its job efficiently, then replace them before they bring inconvenience to the household. With the different innovations out in the market, it’s important to choose the appliance that will serve one’s family’s needs. Also, watch out for sales and promos during the season that can save you money to spend on other necessities. Samsung DV90 Heatpump Dryer stacked with Samsung Front Load Washer Samsung DV90 Heatpump Dryer that has Heatpump and Optimal Dry technology to dry clothes efficiently. This is perfect for big households who need to save time and electric consumption when drying clothes. Get this for as low as PHP 3,895 for 12 months installment. This also comes with a free stacking kit to save space around your household! (see below) Samsung Front Load Washer 7.5 kg is equipped with Eco Bubble Technology that turns detergent into powerful bubbles to easily remove dirt. One can also add forgotten laundry at any cycle using the Add Wash function. Get this for as low as PHP 31,995 that comes with PHP 1,000 Bayad Center e-Coupon. This also comes with a payment option of 12 months installment of PHP 3,000/month. Samsung RS54 Refrigerator offers an All-around cooling and Power Freeze function that rapidly and evenly cools every corner of the fridge, ensuring food is always fresh. It also uses Digital Inverter Technology that consumes less energy than conventional refrigerators. Get this for as low as PHP 49,796 that comes with PHP 1,000 Bayad Center e-Coupon. This also comes

Samsung RS54 Refrigerator

with a payment option of 12 months installment of PHP 4,650/month. Samsung Smart Oven 35-liter functions as a convection oven and a microwave that can be used for baking, grilling, slim frying, defrosting, steaming and even making yogurt, making it the perfect cooking appliance. Get this for PHP23,995 that comes with PHP1,000 Bayad Center e-Coupon and a payment option of 12 months installment of PHP2,250/month. Basic Inverter WindFree Air Conditioner with 21,000 Micro Holes that cools the room evenly

with no harsh air. Get this for PHP 33,535 that comes with PHP 500 Bayad Center e-Coupon and a payment option of 12 months installment of PHP3,120/month. Classes and courses If taking a short course has been on the list for so long, then this can definitely be a good time to take it. Adding skills and knowledge can definitely pay off in the long run. If you worry about not being able to attend classes regularly, consider checking out online courses such as skillshare.com, coursera. SPEND/PAGE 11

Billboard 7 DoT-10 initiates Day with the Children outreach Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

MONDAY|DECEMBER 16, 2019

As part of the government's 18-Day Campaign to End Violence Against Women and Children, the Department of Tourism (DOT) 10 initiates a daylong Day with the Children tour here in Cagayan de Oro City at popular spots while at the same time briefing them about the perils of human trafficking. This second stop is Amaya View. photo by mark francisco

By MARK FRANCISCO and ERCEL MAANDIG

N observance of the annual celebration of the Day Against Child Trafficking on Friday, the Department of Tourism (DoT) in Region 10 once again implemented the Day of the Children project with a city tour of the city's famous spots to 53 beneficiaries as recipients of this year's event led by DoT-10 focal person Charlita Ladera in behalf of regional director Marie Elaine Unchuan. DoT-10 invited Commission on Human

Rights (CHR) Region 10 director Jeanne Ivy Abrina to brief children about the perils of child and human trafficking during lunch time at Amaya View here, one of the hilltop tourist attractions in the city with children's playground and giant Transformer miniatures and famous cartoon characters. The 53 children recipents had found time to experience also seeing live and huge maniature animals at Noah's Ark. The children also went to McArthurs Hat

monument and the iconic Saint Augustine Cathedral. Ladera said that this is part of government's 18-Day Campaign of Violence Against Women and Children (VAWC) spearheaded by the agency in cooperation with some other agencies such as CHR, the Cagayan de Oro City Social Welfare Department, the Police Regional Office (PRO) 10 and Philippine Army represented by the 48th Infantry Batallion which joined with the children in the tour, lunch and gift giving. OUTREACH/PAGE 11

MyPhone gives back to Ka-Tropa in a 3-day sale MyPhone is set to conduct a 3-day sale on select MyPhone Concept Stores nationwide on December

In the photo (from left to right): Philippine National Bank Capital and Investment Corp. President and CEO Gerry Valenciano, Phoenix Petroleum Assistant Vice President for Treasury Reynaldo Phala, Phoenix Petroleum Chief Finance Officer Ma. Concepcion de Claro, and Philippine Dealing and Exchange Corp. President and COO Antonio Nakpil

Phoenix Petroleum lists Php3B commercial papers

PHOENIX Petroleum Philippines, Inc. listed on December 11, 2019 Php 3 billion worth of short-term commercial papers (STCP) with the Philippine Dealing and Exchange Corp. (PDEx). The commercial papers is the third series (CP Series C) of its Securities and Exchange Commission (SEC)registered three-year Php 10 Billion Commercial Paper Program with PNB Capital and Investment Corp. as the sole issue manager, lead underwriter, and bookrunner. The proceeds of the listed STCP will be used to finance working capital requirements for its importation and sale of petroleum products. “As Phoenix Petroleum grows bigger in size and complexity, I am honored to be part of a team and an organization that continues to challenge themselves and learn. More than a fundraising activity, for us, the STCP program is a simple, ingenious approach in

meeting working capital requirements in an efficient, cost-effective way,” Phoenix Petroleum Chief Finance Officer, Ma. Concepcion F. de Claro, stated during the listing ceremonies. A pioneer in utilizing the Securities Regulation Code (SRC) IRR rule 12.1.2.5, Phoenix Petroleum issued and listed the first of its series in December of 2018 for the aggregate amount of Php 7 billion (CP Series A) under the Php 10 billion Commercial Paper Program. This was followed by the Second Series (CP Series B) worth the aggregate amount of Php 3.5 billion in August of this year. The CP Program also received the Best Debt Deal for the Philippines during the 2019 Asian Banking and Finance Corporate and Investment Banking Awards with Phoenix Petroleum and PNB Capital Senior Management attending the awarding ceremony in Singapore last July 2019.

13 to 15 following the success of the recent #GiftFromTheHeart Warehouse Sale happened

in Bicutan, Paranaque City. The first Filipino mobile brand in the country will have another

promotion before the year ends wherein consumers can avail barphones for as low as P199 and smartphones for as low as P799. MyPhone has always been giving back to its loyal supporters by conducting a few promotions during the last quarter of the year. Aside from promotions, several new products have been released as well during the last quarter of the year that really made a buzz not only to the loyal supporters, but also to the tech world. According to MyPhone’s Marketing Head Inyi Yruma, promotions was only one of the many ways to give back to its loyal supporters. “Since it’s almost Christmas, we want to really make them happy by providing products at a discounted price,” he said. “Although some really can afford it already because of the bonuses they get, we still try to offer it as MYPHONE/PAGE 11

Christine Tedlos looks stunning during her 18th birthday celebration that was held recently here in Cagayan de Oro City. photo by raphy arcaiña as supplied by tedlos family

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

MONDAY|DECEMBER 16, 2019

Sec. Andanar to help improve education in MisOcc TANGUB CITY, Misamis Occidental - Presidential Communications Operations Office (PCOO) Secretary Jose Ruperto Martin M. Andanar said he would give his full support to the thrust of the local government of Misamis Occidental to improve the status of education in the province. In a press conference, Andanar cited education as the greatest equalizer in society. Based on the findings of the local government, there are only a handful of high

schools in the province, specifically in areas affected by the communist group. The tendency, Andanar said, is for the students to drop out due to lack of schools in the area. Andanar gave assurance that he will be working together with the national government to add more high schools in the province of Misamis Occidental. For her part, Tangub City Mayor Jennifer WeeTan said the Department of Education can do a lot to help those areas affected by

the communist. As the Cabinet Officer for Regional Development and Security (CORDS) for region 10, Andanar said, one of the important effects of having a CORDS is that the region has a national government that is listening. “Now, our responsibility is to be able to communicate and know the needs of the people and ensure that it will be heard in Palace,” he said. During his visit, Andanar was given an extensive tour in the city by

Governor Philip Tan and Mayor Jennifer Wee-Tan. He also served as the keynote speaker during the opening and lighting of the Christmas Symbols Festival held at Tangub City, Plaza on December 1. He said, “This is the first time that I was toured extensively in Tangub, I want to share with you

that I witnessed how beautiful Belvedere is and the site of the Gardens of the World.” He was very impressed by the leadership of Governor Tan because of the improvement and the non-stop development of the city. He also mentioned the construction of the

Panguil Bay Bridge that will connect Tubod, Lanao del Norte and Tangub, Misamis Occidental and is to be the longest bridge in the Philippines. He said this will be a city with a citizenry that is ready for major development. (Shaine Mae R. Nagtalon/PIA Misamis Occidental)

Presidential Communications Operations Office (PCOO) Secretary Martin M. Andanar (center) together with Misamis Occidental Governor Philip Tan (left) and Tangub City Mayor Jennifer Wee-Tan (right) answers questions from the media regarding the opening and lighting of Christmas Symbols Festival 2019. (Shaine Mae R. Nagtalon/ PIA MISAMIS OCCIDENTAL)

Ballet dancers from Grace and Pointes Dance Center in Cagayan de Oro City under the tutelage of ballerina instructor Ann Grace Daque perform during Dances of Winter, a holiday presentation of SM CDO Downtown Premier. photo courtesy of scmc

Cagayan de Oro-Iligan Gob. Bambi: ‘Non-extension sa Martial Law diversion road, laumang sa Mindanao, itugyan sa kaalam sa Presidente sugdan sunod tuig KUNG hisgotan ang seguridad, mas nakahibalo ang otoridad sa sitwasyon sa kahusay ug kalinaw dinhi sa Mindanao. Ang kasundalohan, kapulisan ug uban pang ahensiya nga tigpatuman sa balaud, hilabina ang ilang Commander-in-Chief, maoy atong sandigan ug saligan kung angay ba o dili nga i-extend ang Martial Law dinhi sa Mindanao. Karon, kay wala nay extension sa Martial Law dinhi sa yutang saad, kanila nato kini itugyan. “Atong itugyan ang non-extension sa Martial Law dinhi sa Mindanao sa hunahuna sa atong tigpatuman sa balaud. Nakahukom na si Presidente Rodrigo Duterte kabahin niini. Isip Commander-in-Chief, mas nakahibalo kini sa sitwasyon sa ubos, base na usab sa gitigom niini nga taho gikan sa iyang mga ground commanders. Apan gikinahanglan

gihapon sa kapulisan ug kasundalohan ang kooperasyon sa matag usa, mao nga unta magpabilin kitang mosuporta sa ilang mga lakang,” hangyo ni Gobernador Bambi Emano ngadto sa publiko. Ang pagpatuman sa Martial Law dinhi sa Mindanao nunot na usab sa nahitabo nga kagubot sa dakbayan sa Marawi hangtud sa Disyembre 31, 2019. Apan,

tungod sa pagkasikop sa mga kadagkoan sa nagkadaiyang teroristang grupo, tingali maoy nakit-ang hinungdan kung ngano dili na angayan lugwayan pa ang pagpatuman sa balaudmilitar dinhi sa yutang saad. Bisan tuod nakit-ang malinawon na ang tibuok pulo sa Mindanao karong panahona, hangyo ni Gobernador Bambi Emano

nga unta magpabiling magmaigmat ang tanan sa posibleng mahitabo sa atong palibot. Kung dunay mabantayan nga ka-suspetsahan, gilayong itaho kini sa pinakaduol nga istasyon sa kapulisan ug kasundalohan, tungod kay sa gihapon ang kahusay ug kalinaw maoy ugat-hinungdan sa paglambo sa atong komunidad hain kita nanimuyo.

GAWAS sa mga legasiya nga dili malimtan sa katawhan ubos sa pamunuan ni Gobernador Bambi Emano mao gayud ang patas ug walay pagpihig nga pagpatuman sa tanang programa ug proyekto gikan sa kadaplinan hangtud sa kabukiran, buot sa gobernador nga mapatuman ang pagsumpay sa dalan gikan sa Cagayan de Oro padulong sa Iligan pinaagi sa pagtukod og diversion road, butang nga makapahagkap sa suliran sa trapeko nga napasagdan intawon sa kasamtangang namunuan sa City Hall. Sa dili pa mahuman ang ikatulo ug kataposang termino ni Gobernador Emano dinhi sa Misamis Oriental sa tuig 2022, gusto niini nga mahuman na ang proyektong “MOWDIR” kon Misamis Oriental West Diversion Road nga mokonektar sa mga dalan sa Opol hangtud Lugait. Sa gipahigayong year-end assessment, evaluation and awarding sa mga tresorero ug deputy collectors sa tibouk Misamis Oriental ning

bag-o, si Gobernador Emano nagkanayon kung nahitabo ang Villanueva-Claveria-Gingoog diversion road niadtong kongresista pa kini sa Segundo distrito, dili imposible nga mahitabo kini sa dakbayan sa Cagayan de Oro sa dili pa mahuman ang iyang termino. "The volume of traffic is getting heavier. That's why, we're proposing what we call, MOWDIR. Most of it are Provincial Roads, it will develop your rural barangays, it will bring economic activity didto sa mga bukid-bukid. Because MOWDIR is not only a road para makatabang to congest the traffic, airport, apan hilabina makatabang sa mga mag uuma didto sa kabukiran," saysay sa gobernador. Dugang pa ni Gobernador Bambi, kung adunay balay, subdivision ug negosyo nga maagian sa nasangpit nga diversion road gikan Cagayan de Oro padulong Iligan, mas daghang Real Property Tax (RPT) collection nga mahimo sa probinsiya, bisan tuod dili na siya ang gobernador.

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

MONDAY|DECEMBER 16, 2019

LIST OF AWARDEES Best CSR Program:

Transport & Auto Industry Leaders:

Resort Industry Leaders:

CEPALCO STEAG State Power Inc. SM Cagayan de Oro

Pabama Transport Corp, Bukidnon MGM Motors Mindanao, Inc., Davao ISUZU Cagayan de Oro

Dahilayan Adventure Park, Manolo Fortich Club Tara Kampo ni Juan, Bukidnon

Outstanding Cooperatives:

Tourism Industry Leaders:

Agro-Industry Leaders:

ORO INTEGRATED COOPERATIVE, CDO TAGUM COOPERATIVE, Tagum City DEARBCI – Manolo Fortich, Bukidnon

Fantasyland Travel & Tours, Dipolog City Seagull Resort, Davao City Seven-Seas Resort, Cagayan de Oro City

REBISCO, Manollo Fortich, Bukidnon Bounty Fresh Corp., Cag de Oro TADECO (Tagum Agricultural Devt Corporation)

Electric Cooperatives:

Outstanding Women Business Leaders

Micro Entrepreneurs:

Davao del Sur Electric Cooperative, Inc. Davao del Norte Electric Cooperative, Inc. Siargao Electric Cooperative, Inc.(SIARELCO) Outstanding Mega-Entrepreneur: Mags Lopez Calpito Cue Ms. Beverly Dayanan Jalosjos Group of Companies

Ms. Irene Floro, President, Oro Chamber, Ms. Sholai Lim, PWDC chair of Comval Ms. Jacintza Cellona, President of (RIC) Women Association (SIURICWA) Lanao Norte Hotel Industry Leaders: Mallberry Suites Hotel, Cagayan de Oro Hotel Tavern, Surigao Margarette Business Hotel, Bukidnon

Cucina de Oro Pizarella, Cagayan de Oro Necy Ann Ty, Davao City Social Entrepreneurs: Len Cabili, Iligan City Joe Green Project, Davao City Anthill, Davao City

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

MONDAY|DECEMBER 16, 2019

Unaffected...

Hailed...

One of the biggest investments Boniao cited was the opening of the P1-billion Gardenia bread factory at the Phividec Industrial Estate in Tagoloan, Misamis Oriental, which was inaugurated in March this year. Martial law was declared by President Rodrigo Duterte as armed extremists laid siege to Marawi City on May 23, 2017. After the Lower House and the Senate approved for its extension twice, martial law is set to expire on Dec. 31, 2019. Duterte has announced he will not push for another extension. Even at the height of the war in Marawi, the movement of trade and commerce in the region has not really suffered, she said, considering that the besieged city is just some 37.9 kilometers from Iligan City, the nearest urban area from Marawi City. “I think business have their own time. Even if there’s war or martial law, there’s business,” Boniao said. Data provided by DTI10 indicate that in 2018, investments in the region has reached more than P29 billion, Misamis Oriental having the biggest with P21.4 billion or 72.5 percent, in infrastructure, energy, and mining. This was followed by Bukidnon with P6.5 billion or 22.2 percent, in agri-based investments, infrastructure, and ser vicing; Misamis Occidental with P877 million or 2.97 percent, in trading, servicing, and agri-based businesses; Lanao del Norte with P577 million or 1.95 percent, in trading, servicing, and infrastructure; Camiguin with P67.8 million or 0.2 percent, in servicing, trading, and agri-based investments. (PNA)

Cagayan de Oro; For outstanding cooperatives: Oro Integrated Cooperative, Tagum Cooperative and DEARBCI (Manolo Fortich, Bukidnon); For electric cooperatives: Davao del Sur Electric Cooperative, Davao del Norte Electric Cooperative and Siargao Electric Cooperative; For outstanding mega entrepreneur: Mags Cue, Beverly Dayanan and Jalosjos Group of Companies; For transport and auto industry leaders: Pabama Transport Corporation, MGM Motors Mindanao and Isuzu Cagayan de Oro; For tourism industry leaders: Fantasyland Travel & Tours, Seagull Resort (Davao City) and Seven Seas Resort (Misamis Oriental); For outstanding women business leaders: Oro Chamber outgoing president Irene Floro, Compostela Valley PWDC chair Sholai Lim and Lanao Norte RIC Women Association president Jacintza Cellona; For hotel industry leaders: Mallberry Business Suites (Cagayan de Oro City), Hotel Tavern (Surigao City) and Margarette Business Hotel (Bukidnon); For resort industry leaders: Dahilayan Adventure Park, Club Tara and Kampo ni Juan; For agro-industry leaders: REBISCO, Bounty Fresh Corporation and TADECO; For micro entrepreneurs: Cucina de Oro, Pizarella and Necy Ann Ty (Davao City); And for social entrepreneurs: Le Cabili (Iligan City), Joe Green Project (Davao City) and Anthill (Davao City). The judges were chaired by Cagayan de Oro Press Club past president Ruffy Magbanua with the following as members: BusinessWeek Mindanao editorin-chief Nelson Constantino, BusinessWeek Mindanao vice

from page 1

Stocks, peso rise on latest US-China trade news By JOANN VILLANUEVA, PNA

MANILA -- Both the Philippine Stock Exchange index (PSEi) and the peso ended the week on a positive note following reports that the US and China are set to sign the first phase of their trade deal. Reports said the signing of the pact is expected to roll back existing tariff rates on Chinese products and cancel new taxes scheduled to be implemented on December 15. A trader said the report resulted in the general risk-on sentiment that reigned over the financial market, with the main equities index finishing the week up by 1.76 percent, or 136.56 points, to 7,877.63 points. All the other counters tracked the main gauge, with All Shares rising by 1.38 percent, or 63.32 points, to 4,662.07 points. Property led the sectoral indices in terms of uptick after

president for administration Joe Felicilda, Mindanao Daily editor-in-chief Allan Mediante, Mindanao Daily executive editor Cris Diaz, freelance journalist Tessi Baluyos and Mindanao Daily managing editor Ruel Pelone. Guests of honor who gave inspirational speeches during the event were Communications Secretary Martin Andanar and Cooperative Development Authority (CDA) Undersecretary Orlando Ravanera. The 8th Mindanao Business Leaders & Entrepreneurs Awards is also being presented by Veterans Bank, Ayala, BPI BanKo, Cooperative Development Authority, Provincial Government of Misamis Oriental, CORDS 10 and PCOO, Limketkai Luxe Hotel, Pepsi, Washington, Angela Soriano Fashion Design Studio, SELRAHCO PR, Dessert Bosss, Pie Square Photo Booth, AVPro and Marzel Digital Studio.

Onion... from page 1

Greetings from:

Hon. ERIK KHU Sangguniang Panlalawigan Member Misamis Oriental

c o ord i nator, s ai d t he y activated early this week the “Bantay Presyo” or price watch to monitor the prices of the commodity not just in the region but also in other parts of Mindanao. “Prices of onion in various parts of Mindanao spiked these days due to lack of supply from Luzon. We are dependent on Luzon. Most of Mindanao is not suitable for onion production,” he said. Edgar Allan Pasaol, DA12 information officer, said that onion production in the country is currently offseason. He said the regional agriculture office conducted a price monitoring after an individual he did not name complained about the skyrocketing prices of onion to Hotline 8888, the national government’s citizens compliant help desk. A MindaNews monitoring showed the price for mediumsized onions fetched only P95 per kilogram (kg) in late October in parts of Region 12.

rising by 2.85 percent. Services trailed by 1.85 percent, as well as Mining and Oil, 1.39 percent; Industrial, 1.38 percent; Holding Firms, 1.17 percent; and Financials, 0.78 percent. Volume reached 714.47 million shares amounting to PHP7.5 billion. Gainers led losers at 123 to 61, while 55 shares were unchanged. The peso finished the week’s trade at 50.64 against the US dollar from 50.71 the previous day. It opened the day’s trade at 50.5, way better than the 50.79 start in the previous session. It traded between 50.645 and 50.46, resulting in an average of 50.569. Volume totaled USD1.33 billion from USD794.1 million in the previous session. The currency pair is seen to trade between 50.50 and 50.80 on Monday. (PNA)

Citing their monitoring as of Wednesday, Hechanova said the price per kilo of medium to large-sized onions in some parts of Region 12 reached a high of P180 to P240 per kg. In the Davao and Caraga regions and the Bangsamoro Autonomous Region in Muslim Mindanao, onion prices also surged to P200 to P250 per kg, depending on the sizes, he added. Hechanova said they are still trying to contact their counterparts in Northern Mindanao and Western Mindanao for the prices of onion there. Crop conversion Region 12 or Soccsksargen, which straddles the provinces of South Cotabato, Cotabato, Sultan Kudarat and Sarangani and the cities of General Santos, Koronadal, Tacurong and Kidapawan, could have cushioned the drastic price increase for onion if not for crop conversion, Hechanova pointed out. The region had at least 400 hectares of onion plantations in 2012 but the farmers decided to shift to banana with the expansion of agribusiness firms in the area, he said. Hechanova said Barangay San Jose in General Santos City (Gensan) used to be a major producer of onions in the region. He stressed the DA-12 is talking to farmers in Gensan to encourage them to revert to onion production so the region will not be dependent on Luzon for onions, a common ingredient in Filipino cuisine. Hechanova said they expect the high prices of onion to linger until March when Luzon will start to harvest the crop. The official noted they are checking the availability of imported onions in Luzon for possible shipment to Mindanao to arrest the skyrocketing prices. He warned local retailers to follow the suggested retail prices set by the Department of Trade and Industry, otherwise they could be penalized for overpricing.

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

MONDAY|DECEMBER 16, 2019

Brother... from page 4

the crippled, little brother on to the front seat of his new car. David climbed in beside his brother, and the three of them went on a very special and unforgettable Christmas ride. That Christmas eve, Paul finally understood what Jesus Christ meant when He said: “You’ll be much happier and more blessed when you give than receive.” Just Think a Minute…

Scripts... from page 4

the pilots singing any John Denver or Buddy Holly song (i.e. they both died in plane crashes) • “As you exit the plane, please make sure to sure to gather all of your belongings. Anything left behind will be distributed evenly among the flight attendants. Please do NOT leave children or spouses! Last one off the plane must clean it.” • “Please bear with us as we try to find the cause of this delay. We will try to patch up the fault with a bit of super glue as soon as possible!” • “You’ll be pleased to know we have some of the best flight attendants in the industry … Unfortunately none of them are on this aircraft!” • “Ladies and Gentlemen, welcome to our destination. Please remain in your seats with your seat belts fastened while the Captain taxis what’s left of our aircraft to the gate!” • “If you want to join the mile high club, your liaison will be uploaded for all to see on the internet.” • “We ask you to please remain seated whilst ‘Captain Kangaroo’ bounces us towards a terminal.” • “Please take care when o p e n i n g t h e ov e r h e a d compartments because, after a landing like that, sure as HELL everything has shifted.” • “If you are seated in the emergency exit aisle, please enjoy the extra leg room as the other passengers scramble past you in the event of an emergency.” • “If you are seated in first class, please be aware that you will be the first to perish in the event of a sudden nose dive towards the ground.” • “Welcome aboard. To operate your seat belt, insert the metal tab into the buckle, and pull tight. It works just like every other seat belt, and if you don’t know how to operate one, you probably shouldn’t be out in public unsupervised. In the event of a sudden loss of cabin pressure, oxygen masks will descend from the ceiling. Stop screaming, grab the mask, and pull it over your face. If you have a small child travelling with you, secure your mask before assisting with theirs. If you are travelling with two small children, we now suggest you think VERY seriously and rapidly decide which one you love most.” • “Thank you for flying with us today, we hope your will is updated.” • “Weather 27 degrees with some broken clouds,

but we’ll try to have them fixed before we arrive.” • “ Today, we will be serving a meal that is actually better quality than for what you can eat at home.” • “Thank you for flying with us and remember. Nobody loves you, or your money, more than us.”

Vision... from page 4

of the public utility vehicle (PUV) modernization program. Accordingly, DOTr will now make roadworthiness the standard for allowing PUVs to remain in operation. Meanwhile, the franchise consolidation aspect of the modernization program will be upheld. Here is a quick rundown of the most common and impacting upgrades imposed on the future of PUVs in the country: Vehicles with combustion engines must have low emissions in compliance with the EURO IV emission standards or better. Speed limiters Closed-circuit television (CCTV) camera for selected types of PUVs Dashboard camera GPS Person with disability (PWD) friendly Comfortable seats Provision of Wi-Fi access For bus e s , st and i ng passengers must not exceed five persons Training for drivers The modernization of the public transport will not be successful without the cooperation from the drivers manning the roads. This is why the modernization program will also include training for these PUV drivers. The training will serve as a refresher on the technicalities of driving, safe measures, and proper etiquette in dealing with passengers. Having said all these from the side of government regulators, transport groups are crying out loud to discern for a while before changing the rules in the middle of the game (ruffy44_ph2000@ yahoo.com)

World... from page 4

the potter (God) so that we can be as God wants us to be. We need to be as malleable as possible to God’s will and ways. He is very eager to make us like him. Our participation in it can also be likened to the relation that good laborers have toward God, the owner of the vineyard or faithful servants in God’s household. We need to work with the will of God as owner always in mind. We therefore cannot overemphasize the need to participate in the liturgical acts as actively as possible. In this regard, it would be helpful if we familiarize ourselves with the prayers and the dif ferent par ts involved in the liturgy. We need to spend time for this purpose so that hopefully we can go along with the

liturgy actively aware of what is happening and not just coasting along passively. The prayers involved usually are most inspired prayers that will always be helpful to us. They express the proper attitude and sentiments we ought to have toward God. They are always worthwhile to be internalized so that we can truly enter into the spirit of the liturgy and not just get entangled in its externals.

Nutrition... from page 2

there. He cited that their responsibilities now go beyond the traditional. The fight against malnutrition, he said, must have more policy support from the local decisionmakers; more intensified mobilization of local government units; more partnerships, linkages, and collaboration with different sectors; strengthened health a n d nut r it i on s y s t e m s capacity; more sustainable programs for implementation; a n d m ore a d apt i v e t o research undertakings and use of new technologies and interventions. He said that the local government is one of the key players who will ensure everyone’s right to adequate nutrition. “I believe that everyone in this room would agree that as public servants, what is more important than awards and recognitions is the knowledge that what we are doing is right and must be pursued. On behalf of the awardees, we step up to the challenge and we accept our mission to conquer our greater lens to support our journey as one region in nutrition,” Quino said. The National Nutrition Council is mandated among others, to monitor and evaluate the implementation of the country’s food and nutrition plan and program. (Renee Mae F. Guhiting/ PIA10 Intern)

Negosyo... from page 2

distinct of each provincial office. DTI Bukidnon presented how the use of technology made Business Registration a n d L i c e n s i n g e a s i e r, particularly in Negosyo Center Valencia City. DTI Misamis Oriental shared the comprehensive program for MSMEs as it highlighted the importance of business development through capability building of MSMEs, the heart of the Negosyo Center services. With the strong tourism industry in Camiguin, the province's DTI found it fitting to discuss how its Negosyo Centers, particularly the Mambajao Negosyo Center strengthened and sustained t h e tou r i s m - supp or te d businesses in their locality. On the other hand, DTI Misamis Occidental took pride in its strong network collaboration of Negosyo Center partners through the commitment of its partner stakeholders from the local

government units, local chambers, the private sector and other key stakeholders, which resulted to building a network for local support in helping the MSMEs. Finally, DTI Lanao del Norte emphasized creativity, innovation and technology as Mindanao State UniversityIligan Institute of Technology (MSU-IIT) housed the FAB LAB Mindanao, the first digital fabrication laboratory in Mindanao that "can aid the region's researches and businesses in creating physical prototypes of their design. Through FAB Lab Mindanao, DTI is cultivating a start-up economy where ideas are physically transformed. With the theme, "Building Sustainable Negosyo Centers in Northern Mindanao," the conference was attended by 153 delegates, including business.

Online... from page 3

Card Plus holders can activate their account using their card number, while those who do not have the loyalty card can open an account online which can be activated by visiting any Pag-IBIG Fund Branch. For overseas Filipino workers, the Pag-IBIG Fund International Operations has also set up an activation process. “We k n ow t h at ou r members have been clamoring for this kind of service, so we’re glad that we can finally unveil the Virtual Pag-IBIG today. We have been working on this for quite some time. We first had to upgrade our systems, migrate records, rework our website, and do a lot of work in between. A few years ago, we launched the Lingkod Pag-IBIG campaign to establish our standards for public service. And with the Virtual Pag-IBIG, we are taking our brand of public service to the next level. Virtual Pag-IBIG is Lingkod Pag-IBIG 24/7,” Mr. Moti said.

Loans... from page 5

of the integrated package of $2.5 billion of new assistance to the country, which he said is ADB’s “highest lending program ever.” He said the loan package “reflects the government’s clarity of vision and our st rong c om m it me nt to supporting your efforts.” “Our record lending program for 2019 and with $2.5 billion annual lending going forward for 2020 to 2022 confirms ADB’s strong and close partnership with the Philippines and our continued commitment to support the Philippines in delivering its development agenda,” he added. (PNA)

clients insured and 82% in premium production. Fot the life insurance s e c t o r, C L I M B S L i f e and G eneral Insurance Cooperative and Pioneer Life, Inc. were among the firms to record the most number of clients insured and premiums produced. Me anw h i l e , Pi on e e r Insurance and Surety Corp. had the highest number of i nd iv i du a ls cove re d while the CARD Pioneer Microinsurance, Inc., ranked first in terms of premium production in the nonlife insurance sector.

BSP...

from page 5

forecast to be at 8 percent. Exports this year are seen to be at 1 percent this year and 4 percent next year. This, as the current account (CA) is seen to post a $8.4 billion deficit next year, higher than the projected $5.6 billion CA deficit. Cash remittances are seen to grow by 3 percent both for this year and next year. Under t he f inanci a l account, it is seen to post a deficit of 9.8 billion in 2020, higher than the $8.9 billion this year. With these projections, the gross international reserves (GIR) is seen to reach $85 billion this year and $86 billion next year. (PNA)

Outreach... from page 7

Earlier on Thursday, another team from DoT10 le d by G ender and Development (GAD) focal person Beverly Tapongot spearheaded the lighting up of Plaza Union in Mambajao, Camiguin with an orange color for the Orange Your Icon Ceremonial Lighting and the pledge of commitment to end VAW from the women, men, government agencies, barangay officials, private sector and non-government organizations (NGOs) in the island province of Camiguin led by Governor Jurdin Jesus Romualdo and provincial tourism officer Candice Dael.

MyPhone... from page 7

affordable as possible,” he added. Yruma also said that products on sale are perfect

#GiftFromTheHeart this Yuletide season. MyPhone 3-day SALE will be happening on select MyPhone Concept Stores nationwide: NCR: SM San L azaro, SM Southmall, SM North EDSA, SM Fair view, SM MOA, Market Market; VISAYAS: SM Iloilo; and MINDANAO: SM Ecoland, Gaisano Mall Davao Ever y purchase of MyPhone smartphone still comes with FREE P25,000 Personal Accident Insurance from SunLife Philippines and GCash when activated via Pinoy App, the pre embedded app on ever y MyPhone smartphone. For more information, like and follow MyPhone’s official social media pages on Facebook, Instagram, and Twitter or visit www. myphone.com.ph.

Spend... from page 6

org, and Udemy.com. These websites offer thousands of courses from crafts, science and business, and can be taken on one’s own time. Don’t be afraid to spend on things that can benefit you as self-investment. Splurging on items that can be smart investments is something that people shouldn’t feel bad about. With Samsung Digital Appliance’s Merrier Christmas Gifts, one can enjoy discounts up to 25% off and Bayad Center eCoupons to use to pay for household bills. To know more about the Merrier Christmas Gifts Promo of Samsung Digital Appliances, visit https:// w w w. s a m s u n g . c om / p h / offer/merrierchristmasgifts/ appliances/. This promo runs from October 1, 2019 to January 31, 2020.

ALLAN'S LECHON

Premiums... from page 5

contributed 17.5% of the total as it expanded its number of clients covered to seven million from four million in 2018, up 74% year on year. In the MBA sector, CARD MBA, Inc. contributed the lion’s share at 80% of the total

Main: Purok 4 Puerto, Cagayan de Oro City Cell #: 0928-616-4431 / 0905-777-0670 Branch: 31st Nazareth, Cagayan de Oro City Cell #: 0926-594-9540

Free: HALANG-HALANG or DINUGOAN!

Branch: Casinglot, Tagoloan, Misamis Oriental

For orders, please call:

KAG. LOLITA L. WAHING

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

Billboard

MONDAY|DECEMBER 16, 2019

PSTA winners and presenters from left to right: Lalie Novero (Sunlife Financial), Atty. Ramon O. Agregado (Subic Bay Metropolitan Authority), Maria Cecilia Bobadilla-Bitare (Subic Bay Metropolitan Authority), Agusto Lagman (Automobile Association Philippines), Ali Go (Ceres - Negros FC), Josen De Tagle (Philippine Airlines), Vicky Magsino (Marco Polo Plaza Hotel), Joee Guilas (Resorts World Manila), Mayor Felipe Antonio Remollo (City of Dumaguete), Noemi Julian (Clark Development Corporation), Undersecretary Benito Bengzon, Jr. (Department of Tourism), Princess Galura (Sunrise Events, Inc.), Roberto Zozobrado (President, PATA Philippine Chapter), Michelle Lim (Cebu Pacific), Anthony Carlo Agustin (Province of Negros Occidental), Generose Tecson (City of Davao), Charles Lim (Founder, Philippine Sports Tourism Awards), Pauland Dumlao (President, Primetime)

Davao City Hailed as Sports Tourism Hub; Receives 3rd PSTA Awards Trophy

AVAO CITY – The 3rd Philippine Sports Tourism Awards recently concluded with its roster of movers and shakers of sports tourism. Davao City, together with Sunrise Events Inc., was among the awardees—bagging the Destination Marketing of the Year Award for hosting the 70.3 Ironman triathlon of 2018. Organized by Selrahco PR and Primetime Plan Bravo, the Philippine Sports Tourism Awards, now in its 3rd year, sought to recognize and celebrate the movers and shakers of sports as a major pillar of Philippine tourism. Different institutions which were awarded the prestigious PSTA trophies varied from governments, private companies, venues, conventions, and more. A total of 14 awards were presented in the Grand Bar & Lounge of Resorts World Manila, Pasay City. Davao City Tourism Officer Generose Tecson along with Sunrise Events Inc. GM Princess Galura received the award. Highlighting the LGUs thrust in tourism last 2018 despite the dire aftermath of the

Marawi siege, the 70.3 Ironman underpinned Mindanao as a safe and happy place for sports and tourism. Notwithstanding the apprehensions, slots filled the same day they opened and the event garnered local and international triathletes to the undeniable charm of Davao City. Other winners of PSTA 2018 were Sunrise Events, Inc. (Event Organizer of the Year – Private), City of Dumaguete (Event Organizer of the Year – Government), Subic Bay – Ironman (Event of the Year – International), Ceres – Negros FC (Sports Association of the Year), Resorts World Manila (Charity Event of the Year), Sunlife Financial (Event Sponsorship of the Year), Philippine Airlines (Airline of the Year), AA Philippines (MICE Event of the Year), Marco Polo Plaza Hotel (Hotel of the Year), Cebu Pacific – Juan for Fun (Adventure Event of the Year), Philippine Sports Commission/ Philippine National Games (Event of the Year – Domestic), Panaad Park & Sports Complex, Bacolod City (Sports Venue of the Year) & Clark Freeport (Sports Destination of the Year).