BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 087
Market Indicators
As of 6:21 pm December 16, 2016 (friday)
FOREX
PHISIX
US$1 = P49.902
6,850.71
2.0
X Briefly
cents
4.60
X
points
Davao’s wage hike DAVAO City -- The new wage hike order for Davao Region- Wage Order No. RBXI-19 has taken effect Friday (December 16, 2016). In a statement released by the Regional Tripartite Wages and Productivity Board-XI (RTWPB-XI) said the Wage Hike covers minimum wage rates in the region. Non-Agriculture/ industrial/commercial and retail service employing more than 10 workers P340.00 (P335.00 + P5.00 Cost of Living Allowance or COLA). Agriculture sector, P335.00 (P330.00 +P5.00 COLA). Retail service employing not more than 10 workers P315.00 (P310.00 +P5.00 COLA). No exemption from compliance under this Wage Order shall be allowed. However in case of calamity, the RTWPB-XI may accept applications for exemptions for establishments affected by calamities such as natural and man-made disasters
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Monday | December 19, 2016
DOE seeks ‘caveat’ in climate change ratification pledge T
By MYRNA M. VELASCO, Contributor
HE Department of Energy (DOE) has specifically raised its concern of instituting a “caveat” or proviso on non-impediment of energy projects and investments in the country’s bid to ratify the Paris-sealed climate change agreement.
MEGADIKE. Workers at the construction site of the megadike project at the back of the City Hall in Cagayan de Oro City. The dike was built to avoid a repeat of the damage wrought by Typhoon “Sendong” five years ago. MindaNews photo by Froilan Gallardo
Duterte to Singapore:
PH is open for business PRESIDENT Rodrigo Duterte wooed a group of business leaders in Singapore by discussing the many developments and reforms in the Philippines especially in the key growth sectors: energy and infrastructure. “The Philippines is open for business and we welcome what you have to offer,” the President told them at the
Energy Secretary Alfonso G. Cusi said he defended his department’s position in Malacañang last week, stressing that he “cannot concur with the ratification unless the issue of the DOE on energy development is not hampered.” The energy chief added “I made it very clear also that the country needs adaptation – mitigation, yes we need
that, but that should not be a precondition for developed countries to help us.” For Cusi, the country’s commitment under the 21st Conference of the Parties (COP) of the United Nations Framework on Climate Change Convention (UNFCCC) has to be recast so it sets more tangible priorities on a national interest rather than the
Philippines just adhering to it as a global treaty. Adaptation, as defined by the United Nations, could involve changing infrastructure systems and practices so the whole world could pare the risks posed by climactic changes. “ M a y b e D O E ’s concurrence is not necessary for the ratification – we just want a caveat that DOE can continue with its energy development and that we should not be limited with t h at c ar b on e m i s s i ons reduction that was signified in the Paris agreement,” Cusi stressed. The Paris climate change diplomacy pact is a pledgecaveat/PAGE 11
Jurong Ballroom of the Shangri-la Hotel in Singapore on Friday, Dec. 17. This would mean more investments and encouraging competition, putting an end to protectionism in industries t h at are m on op ol i z e d . “More competition would only mean better services and affordability of quality open/PAGE 11
Solar investment THE Alcantara power group will start with its solar investments on a take-off pitch of 20 megawatts due for implementation next year. As divulged by Antonio Miguel B. Alcantara, corporate planning officer of the Power Business Unit of Alsons Consolidated Resources, Inc., that preliminary venture would be up for expansion by another 20 megawatts. He said the first 20MW phase will require capital outlay of $30 million, based on the company’s estimates. “Solar will be the focus next year…we are still getting PPA (power purchase agreement) with local cooperatives,” he said.
BACKHOE AND SPERM WHALE. A backhoe is used to drag to shore this 37-foot sperm whale that washed up along the coast of Babak in the Island Garden City of Samal on Friday night, Dec. 16, but died Saturday morning. Photo courtesy of DEAN I. ORTIZ
5 years after ‘Sendong’:
P11-b CDO megadike Free tuition for students of SUCs under 2017 nat’l budget project not ready yet DUTERTE: Invest in PHL.
By MINDANEWS
MAL AYBAL AY City — Students who will enroll in any state college or university, including the University of the Philippines, will no longer pay for tuition fee starting
next school year as it will now be funded under the 2017 national budget. In a press release, Senator Loren Legarda, chair of free/PAGE 11
By FROILAN GALLARDO, MindaNews
THE P11-billion peso “mega dike” project which was designed to save thousands of lives along the banks of Cagayan de Oro River may
not be ready the next time a powerful typhoon much worse than “Sendong” strikes the city, officials said. Vinah Jeanne Maghinay,
spokesperson of the Department of Public Works and Highways (DPWH) Region 10, said segments of the dike that would have been financed by Japan megadike/PAGE 11
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DA recognizes corn industry movers “SULONG Maisan! Sapat na Pagkain ng Bayan,” this year’s theme of the 4th Nat iona l Q ua lity C or n Achievers Awards (NQCAA) in conjunction with the 12th Philippine National Corn Congress, posted a challenge to the corn stakeholders especially the farmers and the agricultural extension workers (AEWs) in their pursuit to attain the goal of the government for food self-sufficiency. For its 4th year, the NQCAA recognized the achievements of the top performing local government units (LGUs) with outstanding contribution to the corn industry, encouraged DALGU partnership in the production of quality corn,
and sustaining awareness of the LGUs to the activities of the Corn program. Given recognition in this year’s awarding are five outstanding provinces; five outstanding provincial agriculturists; four provincial c o r n c o o rd i n at o r s ; 1 9 outstanding municipalities/ cities; 19 outstanding municipal/city agriculturists; 14 outstanding municipal/ city corn coordinators; 100 outstanding agricultural extension workers; and the national quality corn achie vers ha l l of fame awardees. In Northern Mindanao, the town of Don Carlos, Bukidnon was declared as outstanding municipality movers/PAGE 9
Economy
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Monday|december 19, 2016
MisOr to mark 87th anniv, 4th Kuyamis Festival 2017 C APITOLCOMPOUND, Misamis Oriental -- The provincial government of Misamis Oriental is now on its final stage of preparation for the colourful joint celebration of its 87th founding anniversary and the 4th Kuyamis Festival 2017 on January 9 to 13 next year. The weeklong celebration at the de Lara Park starts with the raising of the national flag and a Holy Mass. Governor Emano said the Kuyamis Festival is gaining popularity as one of the regional tourism festivals in the country and his total development plan of the province anchored on
tourism is now a reality. “Our total development plan anchored on tourism has proven to be attainable and sustainable,” Gov. Emano declared. Among the highlights of the weeklong celebration are the booth exhibits, meat and livestock show, ‘tiangge sa kapitolyo,’ partners and food expo, coconut tree planting and the selection of the Miss Kuyamis Festival 2017. Most of the exhibit booths sponsored by various municipalities will showcase
the tourist spots of their own areas and food delicacies mostly made from the coconut. Cultural performers from several tourism clusters, towns, schools and other groups will present a nightly entertainment. “Kuyamis is a Subanen word for a variety of sweet coconut that grows abundantly in our province. When the Spaniards came, kuyamis was corrupted to Misamis and later on was used to refer to our province,” the Governor explained the inter-relationship of the two celebrations.
Misamis Oriental used to belong to one “rajannate” of Butuan in the 10 century. In the year 1929, the Legislative Act 3537 was passed that approved the break up of the province ‘Misamis” into two (2) provinces – Misamis Occidental and Misamis Oriental. However, it was Republic Act 3777 that was approved in November 1939 that formally created the province of Misamis Oriental and Don Gregorio Pelaez became the first governor. (PIOMisOr/jv)
RPN Radyo Ronda Stations Nationwide
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CNN Philippines TV-8 Bacolod CNN Philippines TV-9 Cebu CNN Philippines TV-5 Cag. de Oro CNN Philippines TV-5 Zamboanga CNN Philippines TV-7 GenSan CNN Philippines TV-9 Davao
DZBS 1368 Baguio DZRL 639 Batac DZTG 621 Tuguegarao DZKI 1332 Iriga DYKW 936 Binalbagan DYKB 1404 Bacolod DYKC 675 Cebu DXKO 1368 Cagayan de Oro DXKS 1080 Surigao DXKD 1053 Dipolog DXKP 1377 Pagadian DXXX 1008 Zamboanga DXKT 1071 Davao DXDX 693 General Santos
SUPPORT TO CAMP IMPROVEMENT: Power producer STEAG State Power Inc. (SPI) extended support for the upgrading of camp facilities at the 58th Infantry Battalion based in Claveria, Misamis Oriental. About P38t worth of construction materials were turnedover recently for the improvement of soldiers headquarters and billeting facilities. 58th IB Commanding Officer Lt. Col. Francis Carandang (2-L) said SPI’s generosity reaffirms the company’s commitment to community-development initiatives that goes far beyond providing electric power to the island of Mindanao.
CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011
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Monday|december 19, 2016
3
CorporateWorld
PAL set to launch flights to Japan from Clark by 2017
D
EPARTMENT of Transportation (DOTr) Secretary Arthur Tugade said he is
in talks with the Minister of Transportation of Japan and PAL officials for the establishment
of flights to Japan from Clark Airport, via Okinawa, that will expand international service for passengers, especially those originating from Central and Northern Luzon. This will further develop Clark Airport, even as it additional 1 million hectares now being prioritized by
SL Agritech bares expansion plans for 2017 S L AG R I T E C H C o r p. (SLAC), the country’s top hybrid producer, listed on Wednesday its P1.5 billion in short-term commercial papers at the Philippine Dealing Exchange Corp. (PDEX), with the funds to be used for its expansion projects next year. “All of them will be for additional contract growing, for additional working capital, additional expansion, not only for seeds but only for rice,” SLAC Chairman Henry Lim Bon Liong said in an interview on Wednesday. The bulk of the funds would be allocated for the expansion of its seed processing plants. “We’re expanding seed processing area in Davao del Sur by another 500 to 600 hectares. Hopefully this will be operational in March or April next year,” he said. The SLAC official noted the company’s expansion is in line with the Department of Agriculture’s target of planting hybrid rice on an
by 2019 as part of its rice self-sufficiency program. In addition, Mr. Lim Bon Liong said the company is building a large area in Talavera, Nueva Ecija for grain silos expected to be operational early next year. SLAC has other seed processing facilities, namely i n L a g u n a an d D av a o Oriental. “We’re also modernizing all our rice production also, packaging division, etc.,” said Mr. Lim Bon Liong. Currently, the firm holds a 70% market share of hybrid rice variety in the Philippines. It is one of the largest hybrid rice producers in the country and produces the Dona Maria brand of premium rice in Miponica and Jasponica varieties. SL AC has various partnerships for hybrid rice seed production in Asian nations namely Vietnam, Bangladesh, Indonesia, and Cambodia.
Jollibee unloads stake in Jinja Bar owner JOLLIBEE Fo o ds C or p. (JFC) is unloading another business to focus on larger operations in the United States. In a statement issued on Thursday, the fast-food giant said its subsidiar y Jollibee Worldwide Pte. Ltd. (JWPL) will divest its 80.55% stake in Chow Fun Holdings LLC, the owner of the Jinja Bar and Bistro restaurant concept in the US. JWPL will receive $1.6 million in readily available funds from Chow Fun for the redemption of 2,900 Class A membership units. JFC initially acquired a 12% stake in Chow Fun in July 2008 before expanding its shareholding to 80.55% in March 2011. “JFC’s divestment of its shareholdings in Chow Fun is part of its intention to concentrate its resources in building its larger businesses,” the statement read. The company is operating 34 stores under the flagship brand Jollibee, 33 under Red Ribbon and 16 under Chowking in the US. It also maintains a 40% ownership in Smashburger Master LLC,
which operates 378 stores mostly located in the US. JFC, through Bee Good!, Inc, agreed to acquire 40 Class A membership units in Smashburger for around $99 million in October 2015. The deal provided for a mechanism for the subs i di ar y to purchas e an additional 35% stake from 2018 to 2021 and the remainder from 2019 to 2026. The company announced its divestment from Chow Fun two days after disclosing a decision to pass its 55% stake in Guangxi San Pin Wang Food and Beverage Management Co. Ltd. onto partner Guangxi Zong Kai Food Beverage Investment Co. Ltd. for 90 million yuan. T he divest ment w i l l supposedly allow JFC to fo c u s it s re s ou rc e s on bigger businesses in China, particularly Yonghe King whose operation spans 315 stores. JFC operates the largest food ser vice network in the Philippines. At endO c t o b e r, i t h a d 2 , 5 6 5 restaurant outlets under the brands Jollibee, Chowking, Greenwich, Red Ribbon, jollibee/PAGE 9
President Rodrigo Duterte as an alternative airport to help decongest Metro Manila,” Tugade added, during the occasion of the formal launch of the Clark-Caticlan flights at Clark Airport. Secretary Tugade also said that, by January 1, 2017, PAL is set to start
daily flights to Incheon in South Korea. Philippine Airlines officially commenced its daily Clark-Caticlan flights on Friday. “We thank PAL and PAL Express for coming to Clark, and rest assured that this administration will continue to develop
Clark Airport and attract more airlines to operate in Civil Aviation Complex,” he added. “After Caticlan, we plan to mount flights from here (Clark) to Davao, Busu anga, C ebu and Cagayan De Oro by next year,” Pal Express President Bonifacio Sam said.
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Opinion
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Monday|december 19, 2016
Muntinlupa nearing the century mark
Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO
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Ride the Wild Horses Think a minute…Wild horses are such beautiful, powerful animals. It’s inspiring just to watch them run—fast and free. Yet their great speed and power would be of no use for transportation or anything else to mankind, if they had not been trained. But then, we humans also have tremendous natural power and passion in us. We were not created just to be boring, safe people with no colorful personalities or special abilities. Just the opposite. God made us with all kinds of strong drives, personalities and ambitions to do great things. We just have to control and channel our passions, so we’ll use their power for our good and the good of those around us. Whether its our ambition for success in our job and career, our natural ability to lead others, or our passion for fun and adventure. You see, God wants us to use the strong drives and desires He gave us to reach our full potential and make a difference in this world, which He made for us to enjoy with Him. Jesus Christ came to set us free to become all we were created to be. He wants to give us the inner strength and self-control we need to fully use the power of our
THINK
At the turn of the century, Muntinlupa was - in a manner of speaking - a political football. Up to 1901, Muntinlupa was part of Morong District (which was later renamed R i z a l Prov i nc e ) . Two years later, the Philippine Commission decreed – for reason unknown - that Muntinlupa should be part of Laguna, more specifically, the town of Biñan. But tow n residents, led by Marcelo Fresnedi, felt a closer affinity to the province of Rizal. Upon their petition, Muntinlupa once again became part of Rizal, but as a barrio of Taguig. During the next twelve years, residents dreamed of becoming a separate municipality. They finally got their wish on December 19, 1917 (exactly 99 years ago today), when Governor General Francis Burton Harrison signed Executive Order 108, creating the Municipality of Muntinlupa. Vidal Joaquin became its first Mayor. The name Muntinlupa (literally “small land”) is actually a misnomer. With a land area of 46.7 square kilometers, Muntinlupa is actually the fourth largest political unit in Metro Manila, next only to Quezon City, Manila and Makati. Formerly ranked as a 5th class municipality in the late ‘80s, Muntinlupa metamorphosed into a highly urbanized first class city in 1995. Thanks, in large measure, to the confluence of good geography, a very supportive community and
good local governance. Depending on which direction one is headed, Muntinlupa can be considered either as the Gateway to Metro Manila or the Gateway to the fast-developing Calabarzon. With its huge tracts of prime land beckoning developers, Muntinlupa is definitely a prized business destination. When one flies over Muntinlupa, one can not help but notice large patches of green, a rarity in highly urbanized Metro Manila. T h i s ph e n om e n on h a s earned Muntinlupa its title as “Emerald City of the South”. Up to t h e 1 9 3 0 s , Muntinlupa was mainly a f ish i ng and f ar m i ng community. Things changed with the relocation of the New Bilibid Prison from its old site in Oroquieta, Manila and the establishment of the Alabang Stock Farm. During the war, Filipino political prisoners were locked up in Bilibid only to be sprung free from their Japanese captors by the famed Hunters ROTC guerrillas. The Alabang Stock Farm became famous not only for producing breeding stock for dispersal but also for its Serum and Vaccine Laboratory (SVL). SVL was the only producer in the country of anti-venom serum, among other vaccines. But just outside the boundaries of these two public institutions, was a virtual wild west. President Fidel V. Ramos recalls that one of his earliest assignments as a young Constabulary officer was to chase cattle rustlers in the vicinity
of present-day Alabang Town Center. Decades later, PFVR was among the first to relocate to Muntinlupa when Ayala Alabang opened. What probably brought impetus to Muntinlupa’s development was the construction of a single lane dirt road, cutting across former rice fields, which connected Highway 54 (now called EDSA) to the Alabang Junction. The dirt road was meant as short cut for around 10,000 Boy Scouts who were supposed to attend the 1958 10th World Jamboree in Mount Makiling, Laguna. The dirt road eventually become the South Super Highway. It was not long before factories started sprouting on both sides of the highway. Because of its proximity to Makati, Muntinlupa benefitted from the southward expansion of business. First came Ayala. Much later, Filinvest and other top business names. At the local government, things also started to pick up. The LGU tapped various stakeholders – principally the newly-relocated business leaders who made Muntinlupa their second home. Together with representatives from Muntinlupa’s other sectors, they helped craft a strategic development plan which aimed, among others, to make Muntinlupa a very business-friendly and green community. Post-Edsa, Muntinlupa was the first Metro Manila LGU to fully computerize its real property tax administration (RPTA), making it number one (per
SPEAKING
O ut
Ignacio Bunye the Department of Finance) in realty tax collection efficiency. By 1987, a onestop one-shop business environment was fully in place. Human resource development took center stage alongside infrastructure development. Public education was boosted with the establishment of the Muntinlupa Polytechnic College (now Pamantasan ng Lungsod ng Muntinlupa), the Muntinlupa Science High School, and the Muntinlupa Business High School. Muntinlupa expanded its public health program with the opening of Ospital ng Muntinlupa and the refurbishing of city health centers. Muntinlupa gave meaning to accountability a n d t r a n s p a r e n c y by institutionalizing its annual State of the Municipality (now City) Address. Muntinlupa also actively promoted sister city relationships with both international and local counterparts. Muntinlupa is currently headed by Jaime R . Fresnedi (City Mayor) and bunye/PAGE 9
Calima breaks silence, hits BI commissioners
LIFE’S INSPIRATIONS: A Minute “…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 Jhan Tiafau Hurst CHILD OF GOD? For the passions. Jesus Himself has Anak ng Diyos Kadugo Ni strong passions, emotions, Kristo (AND KNK, or the and a powerful personality. Children of God Blood And He showed us how to Kin of the Christ) Church, use ours in the right way for a believer becomes a true the right purpose. child of God only if he or Jesus doesn’t want to take she undergoes the process all the fun, excitement and indicated in the Bible--passion out of your life. He the Word of God---for a wants to help you maximize person to become a child it and live your life to the of God. Because of this, fullest—through power under AND KNK has a challenge control. Jesus doesn’t want to to those who say they are take the fight out of you; He also “children of God”: have wants you to learn to fight you undergone the process His way for His truth and to become children of God? the right reasons. He wants -oooyou to use your anger for C A L I M A B R E A K S the right things, so you’ll S I L E N C E , H I T S B I be angry at dishonesty and C OM M I S S I O N E R S : In lying, vicious gossip, religious the interest of fairness, I pride, prejudice, immorality am impelled to reproduce and lack of self-control. You’ll here a portion of what is want to stop the abuse of being peddled in Facebook women and children, and as the reaction of former hurst/PAGE 9 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 9
Banking&Finance Personal remittances for Jan.-Oct. reach $24.4B
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Monday|december 19, 2016
PERSONAL remittances from overseas Filipinos (OFs) for the first 10 months of the year reached US$24.4 billion, equivalent to a 3.9 percent growth year-on-year, Bangko Sentral ng Pilipinas Governor Amando M. Tetangco, Jr. announced Thursday. Personal remittances from land-based workers with work contracts of one year or more amounted to US$19.0 billion while those from seabased and land-based workers with work contracts of less than one year (excluding their expenditures abroad) totaled US$5.1 billion. Personal remittances in October at US$2.3 billion, however, were 2.8 percent lower than the level posted in the same month last year. Meanwhile, cash re m itt an c e s f rom OF s coursed through banks rose by 4.0 percent year-onyear in January to October 2016 to US$22.1 billion. In particular, remittances from land-based workers in the first 10 months increased by 6.3 percent, compensating for the 3.7-percent decline in seabased workers’ remittances. Total cash remittances in October alone fell by 3.0 percent year-on-year to US$2.1 billion as remittances from sea-based workers declined by 11.1 percent while those from land-based workers slid by 0.6 percent. Stiffer competition 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 seabased remittances. The top countries that contributed to the decline in total cash remittances in October were Saudi Arabia, Singapore, Hong Kong, Italy, Malaysia, the Netherlands, and the United Kingdom (UK). The lower US dollar value of remittances in October may also be partly due to the depreciation of major host countries’ currencies vis-à-vis the US dollar, such as the pound sterling and the euro. Remittances from the UK dropped by 5.9 percent in October even as the volume of remittances in original currency (pound sterling) increased by 16.5 percent. The case of Italy, Germany, Greece, and the Netherlands, however, is different, as remittances in both US dollar equivalent and original currency recorded declines in October. Cash remittances coming from the United States (US), Saudi Arabia, United Arab Emirates (UAE), Singapore, the UK, Japan, Qatar, Kuwait, Hong Kong, and Germany comprise more than 80 percent of the total cash remittances in the first ten months of 2016.2 BSP defines personal remittances as the sum of: • ne t c omp e ns at i on of employees (i.e., gross
earnings of overseas Filipino (OF) workers with work contracts of less than one year, including all seabased workers, less taxes, social contributions, and transportation and travel expenditures in their host countries);
• personal transfers (i.e., all current transfers in cash or in kind by OF workers with work contracts of one year or more as well as other household-to-household transfers between Filipinos who have migrated abroad reach/PAGE 9
BSP cuts ‘16 BOP surplus assumption THE impact of the challenging global economy made the Bangko Sentral ng Pilipinas (BSP) cut its balance of payment (BOP) assumption for 2016 to a surplus of $500 million from $2 billion surplus earlier. “I think we need to emphasize that 2016, especially in the last quarter of the year, has been particularly challenging. There was a lot of unexpected developments in the market, most of which are anticipated but not in terms of the timing as well as the magnitude of those adjustments,” BSP Deputy Governor Diwa Guinigundo said in briefing Friday. Other changes in the central bank’s economic assumption included the current account surplus, which last May was at $5.8 billion but now at $2.5 billion. The financial account was slightly revised upwards
to $600 million from $500 million earlier. G ro s s Int e r n at i o n a l Reserves (GIR) assumption is now at $83.7 billion from $84.8 billion. Guinigundo said the changes had been considered early on, citing that negative economic developments had been experienced since early this year. He noted in particular the drop in the current account surplus because of the rising import in line with the higher demand of the domestic economy. The country has been posting current account surpluses for more than a decade now but this has l e s s e n e d on i n c re a s e d demand of the economy. As of end-September this year, the current account registered a $1.6 billion surplus, lower than yearago’s $6.2 billion surplus. surplus/PAGE 10
A Taste of our Festive Treat Christmas is the most anticipated holiday of the year for most of the Filipinos. It is the time of the year when our family, relatives and friends gather together to celebrate the Nativity of Jesus. Coupled with these celebrations are numerous traditional Christmas food that are our favorites during the festive holidays. However, preparing these dishes can be quite stressful and timeconsuming. To ease your worries, Limketkai Luxe Hotel has prepared several of your favorite Christmas dishes for you and your loved ones to enjoy during the holidays. Our Savory Holiday Special include our very own Sugar Crusted Christmas Pork Ham, Pork Ham Leg, and Whole Christmas Turkey Ham among others. For desserts, we’ve also got Sweet treats such as fruit cakes, butterscotch, ube crinkles, white & dark biscotti, revel bars and more! Plus, our gingerbread houses on display at the Lobby are very much edible and for sale! This year we want you to taste our Christmas AllTime Filipino Favorites. Every day from 2PM – 8PM. Some of your favorite Filipino delicacies which are freshly made and served! We’ve got
Crispy Suman Muron, Puto Bumbong, Bibingka Cassava with Salted Egg, Puto Cheese Cake Ala Mode, and Pancit Luglug. To avoid the hassle and stress that the busy Christmas rush brings, drop by Limketkai Luxe Hotel now or better yet, place your orders through our number +63(88) 880 0000 or +63917-852-4786. Stay updated with our latest promos by following us on our Facebook Page (Limketkai Luxe Hotel), Twitter & Instagram (@Limketkai_Luxe).
OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY
A PUBLIC SERVICE BY:
AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274
METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057
ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893
METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162
BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075
METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721
BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637
METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924
BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796
METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731
BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405
METRO BANK- GAISANO 8561720
BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN
CM Recto Ave. Lapasan, Cdoc, 8563991/727731
BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819
PBCOM Tiano-HayesSt. Cdoc | 726519/8571558 PLANTERS DEVELOPMENT BANK
Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723
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LKK Mall N.Concourse Cdoc 8574149/8575682
PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.
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EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331
STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168
ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415
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6
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RDC-X approves 2017-2022 Development Plan for Northern Mindanao
A
fter a series of provincial consultations and joint sectoral committee meetings, the 20172022 Regional Development Plan (RDP) for Northern Mindanao was finally presented to the Regional Development Council of Region X (RDC-X) during its 109th meeting on December 15, 2016 at the Mallberry Suites, Cagayan de Oro City. Director Leon M. Dacanay, Jr. of the National Economic and Development Authority (NEDA-X) presented the highlights of the
lobby for the region’s fund requirements with the President. Presided-over by RDC-X Chair and Bukidnon Governor Jose Maria R. Zubiri, Jr., the Council also confirmed the resolutions passed by the RDC Executive Committee as follows: (a) Requesting the Department of Public Works and Highways plan which envisions (DPWH-X) to allocate Northern Mindanao an estimated PHP40M as the gateway and leading industrial core for the acquisition of the road right-of-way and trade center in for the Mandulog Southern Philippines River Flood Control and sets strategies Project in Iligan to attain a strongly City; (b) Endorsing rooted, comfortable to the DPWH the and secure life for proposed new road all. Even as the alignment leading body unanimously to the proposed approved the Laguindigan Seaport plan, Governor in Misamis Oriental; Zubiri expressed his (c) Requesting the concerns over how DPWH to prepare much the region the Drainage System really needs from Master Plans for 2017 to 2022 and Oroquieta City and urged the agencies to actively participate the municipality of Clarin, Misamis in the formulation Occidental; and of the Regional (d) Supporting the Development RDC-IVB resolution Investment Program requesting Maritime so he can personally
Industry Authority Interventions on ensuring that shipping vessels provide accessibility features for persons with disability and senior citizens. The body also approved the following: a) the inclusion of the National Commission on Indigenous Peoples (NCIP-X), the Philippine Information Agency (PIA-X), the Philippine Statistics Authority (PSA-X), the National Intelligence Coordinating Agency (NICA-X), and the 4th Infantry (Diamond) Division, Philippine Army (4IDPA) as special nonvoting members; b) the RDC-X work and financial plan for 2017; and c) the proposal for the Macro and Development Administration Committee to serve as the Regional Gender and Development Committee (RGADC). The body
endorsed policy recommendations on the establishment of a medical check-up program for government personnel and expressed support to the Joint Migration and Development Initiative; the establishment of an adolescent and youth-friendly facility in Region X; and the adoption of the prescribed weight and height measurement tools in the conduct of the annual Operation Timbang Plus. It also confirmed Governor Imelda Q. Dimaporo as the newly elected SDC Chair replacing former SDC Chair, Mayor Nelieta Q. Noval of Tubod, Lanao del Norte, who passed away earlier this year. Plaques of recognition were conferred to the awardees of the 2016 Cities and Municipalities Competitiveness
RDC-X Chair and Bukidnon Governor Jose Maria R. Zubiri, Jr. (seated 5th from right) in a photo opportunity with the members of the Full Council
Index (CMCI), namely: Cagayan de Oro City, the municipalities of Calamba and Jimenez in Misamis Occidental, and the municipality of Mambajao in Camiguin. The same recognition was also given to the awardees in the 2016 Search for Outstanding Volunteers and the 2016 Metrobank Search for Outstanding Teachers. A plaque of appreciation was also conferred to DOT-X Director Catalino E. Chan III, who is now assigned to Region VII, for his contributions in promoting Northern Mindanao’s tourism industry. The council meeting ended with a Christmas Fellowship to celebrate the yuletide season and the success of the whole RDC-X activities for the year. (Peleta B. Abejo, DRD, NEDA-X)
BusinessWeek MINDANAO www.businessweekmindanao.com
Feature
Monday | December 19, 2016
7
Sikat ka Higala By SHERYL MACALE
Christmas is always special.I recall every moment of it as a a child.When the poor kids on our neighborhood gathers in our house while 20 pesos bill hang on our christmas tree for a give a away. Yes that was years of bliss.We were not born of silver spoon but the generousity that my dad taught me has been with me all through this years.You see when i was in New York 7 long years has taught me so much.I have seen bums in the subway filthy, hungry and cold they would stand on th vent to warm their cold bodies and i want to give them coats.Then at the rock church Ministries we were given a mission we would stand and go around the streets giving away Coffee and hot chocolate and muffins and donuts to share to the homeless people. We would have boxes of coats to give.At my
own conscience i am helping this american and in my country people need help tremendously.So i vowed when i come home my life will be shared to those that needed love an attention the abandoned children.This charity work that i do and have been doing for quite sometime now and i admire people and organization doing charity work ,people after Gods heart.Thus i have met the Lions Executive Club.
One of its members very close to me Alain Pacatan with its President Bennie Amboayan have ask me what can they do to help. They are young enterpreneurs obviously blessed and the whole entire organization. Yhovaan Igdao a businessman,June louis Tan,Ed Jason Dagondon,Powie de Vera and the PDG Inday Nuevas.I told them my charity is open for neglected boys in Tahanan ng Kabaataan.I have
been with this charity for 3 years now and i know what they needed. They need sleeping mats,blankets cause they sleep in the floor and toiletries for their proper hygiene.I almost cried when they said they are willing to provide what the boys needed.The day came Dec.10 the pledge of the executives was very memorable. They came and got to know the boys.We were accepted by the children and
we sang and they had a a dance numbered prepared for us.Their hearts were so touch that they were able ask the kids how they ended up at the house some have minor offenses.They have all listened to their stories just like i did and they understand why how this children end up where they are.They needed to be loved and given affection.We had the greatest time of our lives. Just seeing the
happiness and how grateful this children are all of them melted. God gave us the heart to love the kindness to share the things we have to be given.Millions need our love and this Christmas is about giving.I would like to thank the Executive Lions Club to all of you thank you I know you have felt the fullfillment when we give.Till next year again and thank you for your lives.To all of you sikat kayo mga higala.
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Movers... from page 2
and was granted with P2M project being hailed as Hall of Famer. Merlyn Los Banos of Don Carlos awarded as hall of famer for the municipal agriculturist category, where she received cash award amounting to P45 thousand. Three AEWs namely; Purita L. Magaway f rom D on Carlos; Richard B. Leono and Joan Marie A. Diola of Malaybalay City, Bukidnon also hailed as Hall of Famer in the agriculture extension workers category where they received cash award worth P30 thousand each. O t h e r aw ard e e s are Neptali C. Ambos, Kristina P. Soria of Lantapan Bukidnon and Ma. Jorgen P. Soriano of Malaybalay City Bukidnon. Each receiving cash prize amounting to P20,000. This form of appreciation, which is conducted, annually will encourage the AEWs to do exceptional performance i n t h e prom ot i on an d development for the corn industry and likewise will bring economic growth for the agriculture sector in the country. This year’s awarding and congress was held in Koronadal City, South Cotabato last month. (MGBS/ PIA-10)
Jollibee... from page 3
Mang lnasal and Burger King. Abroad, it operated restaurants under the brands Yonghe King, Hong Zhuang Yuan, San Pin Wang, Dunkin’ Donuts, Jollibee, Red Ribbon, and Chowking. In addition, JFC maintains interest in joint ventures op erating 594 stores worldwide. Aside from Smashburger, it holds a 50% interest in Highlands Coffee and Pho 24, among ot he rs , and 4 8 % i n 1 2 Hotpot. In the nine months to September, the company realized a 13.8% increase in net income attributable to its equity holders to P4.39 billion.
Bunye... from page 4
Rufino Rozanno Biazon (Congressman). The following make up the City Council: Celso A. Dioko (Vice Mayor and Presiding Officer), Councilors (District I): Ivee A. Tadefa, Atty. Patricio L. Boncayao, Jr., Bal Niefes, Stephanie G. Teves, Louisito A. Arciaga. Allan Camilon, Ringo A. Teves, Alexander B. Diaz. Councilors (District II): Christine Abas, Grace Gonzaga, Ma. Dhesiree G. Arevalo, Lucio Bago Constantino, Victor Ulanday, Marissa Rongavilla, Rafael T. Sevilla, Lester Baes. Year after year, Muntinlupa has been recognized for achievements in various fields of governance. To mention just some of the most recent awards: ISO 9001 – Quality Management System (City Government of Muntinlupa, Ospital ng
Muntinlupa, Pamantasan ng Lungsod ng Muntinlupa); Seal of Child-Friendly Local Governance (from DSWD and DILG); Runner-up, International Best Practice Competition (from Asian Productivity Organization and Development Academy of the Philippines (2015); Seal of Good Financial Housekeeping (DILG); Seal of Good Local Governance (DILG); Special Citation as Most Business-Friendly LGU (PCCI); Excellent Rating on Anti-Red Tape (Civil Service Commission). The city police force was rated “Best in Crime Solution Efficiency” in 2015. Note: You may email us at totingbunye2000@gmail. com. You may also like us on Facebook at “Speaking Out”.
Hurst... from page 4
all the other wrongs that are ruining people’s lives, including your own. So today, why not ask Jesus to take complete control of your character, ambitions, and desires? He’s the only one who can help you train and ride the wild horses of your nature. Then, you can make the most of your natural drives and passions to help both yourself and others enjoy a satisfying, full life. 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.
Reach... from page 5
and their families in the Philippines), and • capital transfers between households (i.e., the provision of resources for capital formation purposes, such as for construction of residential houses, between resident and non-resident households without anything of economic value being supplied in return). There are some limitations on the remittance data by source. A common practice of remittance centers in
various cities abroad is to course remittances through correspondent banks, most of which are located in the U.S. Also remittances coursed through money transfer operators (MTOs) cannot be disaggregated by actual country source and are lodged
under the country where the main offices of the MTOs are located, which, in many cases, is in the US. Therefore, the US would show up to be the main source of OF remittances because banks attribute the origin of funds to the most immediate source.
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Republic of the Philippines Regional Trial Court 10th Judicial Region Branch 26 Medina, Misamis Oriental -oHOME DEVELOPMENT MUTUAL FUND EJF NO. 348-M (Pag-ibig Fund), Cagayan de Oro Branch, rep. By REYNALDO P. CUE, FOR: Mortgagee, EXTRAJUDICIAL FORECLOSURE -versus- OF REAL ESTATE MORTGAGE UNDER ACT 3135, as AMENDED HYACINTH S. CABANA, BY ACT 4118 Mortgagor. X-----------------------------------------------/ SHERIFF’S NOTICE OF EXTRAJUDICIAL SALE Upon extrajudicial petition for sale under act 3135, as amended by Act 4118, filed by HOME DEVELOPMENT MUTUAL FUND (Pag-ibig Fund) Cagayan de Oro Branch, rep. By Reynaldo P. Cue, mortgagee against Hyacinth S. Cabana married to Sylvester P. Cabana, mortgagor, with residence and postal address at Lot 37, Block 6, Perlita’s Executive Homes, North Poblacion, Medina, Misamis Oriental to satisfy the indebtedness of the mortgagors to the former in the amount of FIVE HUNDRED TWENTY FIVE THOUSAND NINE HUNDRED FORTY FOUR PESOS 7 55/100 (P525, 944.55) Philippine Currency, including interest due, penalties and other charges excluding 10% attorney’s fees and other liquidated damages as of September 26,2016 plus all other expenses incurred in connection with this petition and sale, the undersigned RTC Sheriff sell at Public Auction on January 27,2017 at 10:00 oçlock in the morning or soon thereafter at the Hall of Justice, RTC Branch 26, Medina, Misamis Oriental to the highest bidder for cash and in Philippine Currency, the following property with all improvements thereof to wit: Transfer Certificate of Title No. 136-2014002250 A Parcel of Land situated in the Poblacion, Municipality of Medina, Province of Misamis Oriental, Philippines, bounded and described as follows: Lot Portion of Lots
: 25, Block 7, PCS-10-001586 : 16-G-3-A and Lot 16-G-3-B Psd-10-019173
Is registered in accordance with the provisions of the Property Registration Decree in the name of Hyacinth S. Cabana married to Sylvester P. Cabana, spouses, Filipinos of lawful ages, with residence/postal address at Perlita’s Executive Homes, North Poblacion, Medina, Misamis Oriental. As owner thereof in fee simple, subject to such of the encumbrances mentioned in Section 44 of said Decree as may be subsisting. IT IS FURTHER CERTIFIED that said land was originally registered as follows: Case No: Record No :48250 Orig. Reg. Date : 06 10 1935 Decree No.:559832 Original RD : MISAMIS ORIENTAL OCT No. : OCT-179 Volume No. : A-3 Page No. : 179 Original Owner: This certificate is a transfer from Transfer Certificate of Title 2013000239 (Totally Cancelled) by virtue hereof in so far as the above-described land is concerned.
TECHNICAL DESCRIPTION:
On the NW., along line 1-2 by Lot 16-G-4 Psd-10-004519; On the NE., along line 2-3 by Lot 24; On the SE., along line 3-4 by Road Lot 7; On the SW., along line 4-1 by Lot 26, all of the Cons. Subdivision Plan PCS-10-001586. Beginning at a point marked ‘’1’’ on plan being N., 61 deg. 15’ W., 807.06 M. from BLLM No. 1, Cad 347, Medina, Cadastre, THENCE: N., S., S., W., N.,
77 deg. 04’ E., 7.60 m. to Point 2 12 deg. 56’ E., 9.60 m. to Point 3 77 deg. 04’ 7.60 m. to Point 4 12 deg. 56’ W., 9.60 m.
To point of beginning, containing an area of Seventy Three (73) square meters more or less. All points referred to are indicated on the plan and marked on the ground by PS Cyl Conc. Mons 15 x 40 cm. bearings true.
Area Bearings Description of corners Date of original survey Date of subd. Survey Date approved Geodetic Engineer
: SEVENTY THREE (73) sq. m. more or less : True : by PS Cyl Conc. Mons 15 x 40 cm. : November 6-December 15, 1931 : March 2, to April 11, 1995 : July 13, 1995 : Calvin C. Fernandez
In the event of failure of bidding or auction sale cannot take place for whatever reason, the same will proceed on the following working day, without further notice posting and publication. Prospective bidders/buyers may investigate for themselves the title herein above described and encumbrances thereon,, if any there be.
Medina, Misamis Oriental, November 22,2016.
(Sgd.) ELLOGENE C. ATIENZA RTC Sheriff IV BWM: December 12, 19 & 26, 2016
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Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 24 Cagayan de Oro City GOLDEN SUN FINANCE CORPORATION, Plaintiff,
CIVIL CASE NO. NO. 2012-147-R
-versus- for: COLLECTION OF SUM OF MONEY CECILLE TABACUAN RADAZA, Defendant. x--------------------------------------x ORDER The Motion For the Publication of Judgement filed by the plaintiff’s counsel on September 29, 2016, being meritorious, is granted. Atty. Mario Paul Labis is notified. Let a copy of this Order be furnished to defendant Cecile Tabacuan Radaza, at her last known address. SO ORDERED. GIVEN IN OPEN COURT this 18th day of November 2016, here in Cagayan de Oro City, Philippines. (Sgd.) HENRY B. DAMASING Presiding Judge Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 24 Cagayan de Oro City GOLDEN SUN FINANCE CORPORATION, Plaintiff,
CIVIL CASE NO. NO. 2012-147-R
-versus-
for: COLLECTION OF SUM OF MONEY
CECILLE TABACUAN RADAZA, Defendant. x--------------------------------------/ JUDGMENT This is a compliant for collection of Sum of Money filed by the Plaintiff against herein defendant. Record shows that the Summons issued was not duly served on the defendant for the reason that the latter is no longer residing at her given address. Likewise, the Summons, together with a copy of the Compliant and its annexes, sent to the defendant at her last known address was returned, unserved. On August 15, 2012, Plaintiff filed an Ex-parte Motion for leave of Court for the Issuance of Issuance of Summons by Publication, which was granted in an Order dated December 10, 2012. The Summons was published in the Newspaper called Golden Chronicle for three consecutive weeks, namely: on its June 11-17, June 18-24, and June 25-July 1, all of 2013 issues. On Septrember 4, 2013, the Plaintiff filed a Motion to Declare Defendant in Default, as the latter failed to file an Answer despite the lapse of Sixty (60) days from the last day of publication. The said Motion was scheduled for hearing on September 26, 2013, but was reset on October 29, 2013, for the reason that Atty. Mario Paul Labis, counsel for the Plaintiff, had another legal commitment before Branch 8 of the Regional Trial Court of Malaybalay City, Bukidnon. At the latter date, the Court granted the Plaintiff’s Motion, as shown in the hereunder quoted order: ‘’The Court is in receipt of the Motion to Declare defendant in Default, filed on September 4, 2013, by the plaintiff through counsel, for the reason that the defendant failed to submit an Answer despite the Summons by Publication. The movant’s counsel has manifested that a copy of said Motion was furnished to the defendant at her last known address, but the same was returned, unserved, bearing the notation that the latter has moved without leaving any forwarding address. Thus, the present motion. Wherefore, finding the motion meritorious, being in accordance with Section 3, rule 9 of the Revised Rules of Court, it is hereby granted. X x x’’ In the same Order just-quoted, the Plaintiff was directed to present its evidence, ex-parte, before the Clerk of court of this Branch, who was appointed as Commissioner. Thus, this case being decided on the basis of Plaintiff’s evidence alone, consisting of the testimony of its Branch Manager, Candido B. Amolato, and the following documentary evidence, thus: Exhibits
‘’A’’ ‘’B’’ ‘’C’’ and ‘’C-1’’ ‘’D’’ and ‘’D-1’’ ‘’E’’ and ‘’E-1’’ ‘’F’’ and ‘’F-1’’’ ‘’G’’ and ‘’G-1’’ ‘’H’’ and ‘’H-1’’’ ‘’I’’ and ‘’I-1’’
- Secretary’s Certificate; - Promissory Note; - Credit Application; - Notarized Chattel Mortgage; -Demandletterdated,March16,2011; - Demand letter dated, April 8, 2011; -Demand letter dated, April 20, 2011; - Statement of Account; and -Judicial Affidavit.
From the allegations in the Complaint, testimony of Candido B. Amolato, and the supporting documents submitted, it appear that on August 26, 2010, the defendant applied for a loan with the complainant in the amount of P600,000.00, which was approved, but the amount released to her was only P500,000.00. To secure Plaintiff’s interest for the loan extended, the defendant executed a Promissory Note in the amount of P755,000.00 which included interest of 51% covering a period of 24 months, payable within two (2) years in installments at P31,458.33 per month. Further, the defendant executed a Chattel Mortgage over her Isuzu Truck with Plate No. YGA 365. However, said defendant failed to pay even a single installment of her loan obligation, so the Plaintiff sent a series of Demand letters to the former on the following dates: March 16, 2011, April 8, 2011 and April 20, 2011, giving her five (5) days from receipt of each to settle her obligation in the amount of P157,291.65, for that period, but with an outstanding balance due still in the amount of P755,000.00, but the latter failed to pay. Hence, the filing of this case with a prayer that Defendant be ordered to pay the following: 1. The principal of the loan in the amount of P755,000.00; 2. Liquidated Damages in the amount of P306,089.65;
3. Litigation expense, interest on litigation and attorney’s fee in the amount of P79.178.42; 4. Reimbursement of the amount of P10,000.00 as acceptance fee, exclusive of the attorney’s fee of 25% of the whole amount of the loan; 5. Litigation and other necessary expenses in connection with the filing of this complaint; and 6. To surrender the Isuzu Dump Truck with Plate No. YGA365 in accordance with the application of plaintiff for a preliminary attachment, or in the alternative, the original copy of the owner’s duplicate copy of TCT No. T-208412. The Rules of Court provide that a defending party may be declared in default upon motion of the claiming party, with notice to the former, and proof of failure to file answer within the time allowed for it. Thus ‘’Rule 9. Sec. 3. Default; declaration of.- If the defending party fails to answer within the time allowed therefor, the court shall, upon motion of the claiming party, with notice to the defending party, and proof of such failure, declare the defending party in default. Thereupon, the court shall proceed to render judgment granting the claimant such relief as his pleading may warrant, unless the court in its discretion of evidence may be delegated to the Clerk of Court.’’ Hence, this Decision. The evidence of plaintiff is uncontroverted. Contracts freely entered is the law between the parties, such that defendant Cecille Tabacuan Radaza is bound by the terms and conditions of the Promissory Note and the Chattel Mortgage. The Promissory Note dated September 13, 2010 signed by defendant Radaza, shows her having entered into a loan agreement with the plaintiff for P755,000.00, Inclusive of interest equivalent to 51% for a period of 24 months, payable in installments within the justmentioned period. The first installment in the amount of P31,458.33 was due on October 13,2010, and the succeeding installments the following months thereafter, until the whole obligation is fully paid. It further provides for liquidated damages set at 5% per month on each unpaid installment until fully paid, plus 25% attorney’s fees reckoned from the amount due. Said defendant did not pay the plaintiff even a single monthly installment. A person who receives a loan of money is bound to pay the creditor. From the testimony of Mr. Amolato, through his Judicial Affidavit, It appears that the principal amount granted to defendant was only P500,000.00, while in the Promissory Note the amount is P755,000.00, as it already includes an additional 51% interest, covering a period of 24 months. The defendant is held liable for the unpaid obligation applied for, which is P500,000.00, plusinterest, though reduced to legal rate only, which is twelve (12%) percent per annum, per ruling of the Supreme Court in a case, and as the Court is empowered to equitably reduce interest rates and penalty charges when it is iniquitous and unconscionable. Furthermore, for being unconscionable, the Court reduces the penalty on each unpaid installment of Five (5%) percent per month designated as liquidated damages, to one (1%) percent per annum, as stipulations authorizing excessive interest are contra bonos mores, if not against the law, and when reduction is proper. Lastly, as stated in the Promissory Note, the defendant promised to pay Twenty Five (25%) of the amount due as attorney’s fees in case of non-payment. The Court, however, notes that the litigation in this case is relatively short and easy, the plaintiffs’s evidence having been presented ex-parte only, thus reduces it accordingly. WHEREFORE, the quantum of preponderance of evidence having been established by Plaintiff Golden Sun Finance Corporation from the allegations in its complaint, the testimony of its witness and documentary evidence, Judgement is hereby rendered in favor of Plaintiff and against defendant Cecille Tabacuan Radaza, ordering the latter to pay the former the following: 1. The sum of P500,000.00, representing the principal obligation, plus interest set at 12% per annum, starting on October 13, 2010 untill fully satisfied; 2. Penalty or Liquidated Damages at 1% per annum, computed from the total amount due, starting from finality of this Judgement until fully satrisfied; 3. Litigation and filing expenses, and attorney’s fees in the amount of P75,726.00. SO ORDERED ISSUED this 4th day of April, 2014 at Cagayan de Oro/ City, Philippines.
RDC-X consults local govt on priorities, presents RDP guidelines, Ambisyon Natin 2040 CAGAYAN DE ORO CITY --- 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 highly-urbanized 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.
Republic of the Philippines REGIONAL TRIAL COURT – 10th JUDICIAL REGION Branch 42, Medina, Misamis Oriental -oOoIN THE MATTER OF THE PETITION SP. PROC. CASE 3332-M FOR CORRECTION OF ENTRY IN THE RECORD OF BIRTH OF ANACORITO SIXTO TABID IN THE CIVIL REGISTRY, CHANGING HIS YEAR OF BIRTH FROM 1962 TO 1952, ANACORITO SIXTO TABID, Petitioner, -versusLOCAL CIVIL REGISTRAR OF THE MUNICIPALITY OF SUGBONGCOGON, MISAMIS ORIENTAL, Respondent. x--------------------------------------------------------/ ORDER Before this Court is a verified petition filed by ANACORITO SIXTO TABID of Salay River-II, Salay, Misamis Oriental, born at Sugbongcogon, Misamis Oriental to Aquelio Tabid (father) and Cristina Sixto (mother), seeking to correct an erroneous entry in his Certificate of Live Birth, that is, his Birth Year from 1962 to 1952. The Court finds the petition sufficient in form and substance and sets the same for hearing on January 18, 2017 at 8:30 oçlock in the morning, (Wednesday), at Branch 42, Regional Trial Court (RTC), Medina, Misamis Oriental. At the expense of petitioner ANACORITO SIXTO TABID, let a copy of this Order be – I. Posted at the (1) Bulletin Board of the Municipal Hall of Sugbongcogon, Misamis Oriental, (2) Bulletin Board of Bgy. Kidampas, Sugbongcogon, Misamis Oriental, and (3) Bulletin Board of this Court. II. Published, once a week for three (3) consecutive weeks, in Mindanao Daily News, located at Tanleh Bldg., Abellanosa St., Consolation, Cagayan de Oro City, the Court’s duly accredited newspaper of general circulation in the Province of Misamis Oriental. The Local Civil Registrar of Sugbongcogon, Misamis Oriental, or any interested person claiming interest on the entry sought to be corrected may file opposition within fifteen (15) days from notice of the petition or from the last date of publication of such notice. Lastly, the Court grants the request of petitioner ANACORITO SIXTO TABID. He is allowed to litigate his petition as a pauper-litigant, hence, is exempt from payment of docket and other legal fees and be charged at cost only on the required publication.
So ordered.
Done in Chambers on November 21, 2016 at Medina, Misamis Orioental. (Sgd.) JUDY A. SIA-GALVEZ Presiding Judge MCLE Exempt # V-000789 10/27/15
(Sgd.) HENRY B. DAMASING Presiding Judge
BWM: December 12, 19 & 26, 2016
BWM: December 5, 12 & 19, 2016
“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)
Surplus... from page 5
However, the surplus for the third quarter alone rose to $979 million from the $969 million same period in 2015. Guinigundo said anticipations for additional hikes in the Federal Reserve’s key rates after the December 2015 increase resulted in volatilities in the global financial market and the depreciation of currencies such as the Philippine peso against the greenback. He said success of Donald Trump in the US’ Nov. 8 national polls and his pronouncements to increase infrastructure spending to boost economic growth bolstered the dollar’s strength and further hurt other currencies. “While macroeconomic f und ament a ls of many emerging markets continue to be strong even without doing anything their respective policies started to weaken,” he added. For 2017, the central bank foresees a BOP surplus of $1 billion; current account surplus of $0.8 billion; capital account surplus of $0.1 billion, and financial account surplus of $1.1 billion.
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Caveat... from page 1
and-review system wherein each nation is expected to adopt a new pledge every five years so every country can tailor their commitments to what they can really deliver at home. Despite giving countries free reign to make their own commitments toward carbon reduction targets though, it is deemed that such flexibility has not fully cleared “political land mines” on propounded tangible cooperation and similarly casts shadow on how developing and climate change-vulnerable countries could be financially aided in their actions toward mitigating global warming. Amid his hesitation on the deal’s ratification, Cusi sounded off that the country may still be allowed to have access to the US$100-billion climate change funding that the developed countries had ple dge d to f unnel to developing countr ycounterparts until year 2020. As is the puzzle to most of developing countries, the DOE chief is similarly perplexed as to how funding can be availed of and how it can be allocated transparently to targeted “vulnerable countries” – not just for climate change risk mitigation purposes but primarily for adaptation activities. “That’s what we want to be cleared about also, how do we access the funds? How do they (developed countries) help us?,” he queried. Cusi’s plan is to sit down with the Climate Change Commission, noting that “they have to be clear with it, they have to clarify that with the UNFCCC on how the countr y can access those funds and what are the conditions.”
Open... from page 1
products for all,” he said. The President encouraged big businesses to invest in the Philippines by assuring them that his campaign against drugs and criminality have made the streets of the country much safer. “Over the last few months, we’ve improved our peace and order situation. Filipinos today generally feel safer and the crime has remarkably dropped, especially in the urban areas,” Duterte told them. The President said that his war against drugs and crime has won broad-based support among all socio-economic classes in the Philippines. The focus in solving peace and order has been rewarded by a GDP of 7.1 percent growth during the first three months of the administration, according to Duterte. Manufacturing sector likewise jumped by almost 7% generating more decent jobs. Unemployment figures therefore improved to 4.7% , coming down from 5.4 and 6.5% in previous quarters. Singapore is the country’s largest trading partner and the largest source of investments
from ASEAN. The Philippines’ attractiveness as an investment economic destination has also been cemented with the huge goodwill earned from the President’s visits, that generated investment pledges from China, Russia, Japan and Malaysia. Duterte told the movers and shakers of the finance, petroleum and food industries in Singapore that the key to maintaining the Philippines’ economic momentum i s i n f r a s t r u c t u re . “My administration is committed to r ais e i n f r ast r u c tu re spending to 6 to 7 percent of the GDP, focusing investment on the bottlenecks – more importantly in transportation – that would lower the cost of doing business in the Philippines,” he said. The administration has approved open for investment infrastructure projects worth nearly 20 billion, including a long-overdue roads, bridges, airports and an international port project. T h e bi g ge st proj e c t includes a railway system that would connect the entire Mindanao island. Various companies in Japan, China, and Korea are looking to participate. The President said other big-ticket items that are up for grabs are power plants, a container port, toll ways and bridges, and special economic zones, all of which are being looked into by our biggest conglomerates, including San Miguel, Ayala, and Metro Pacific. “O u r e c onom i c and business sector continue to b e generally upb eat due to a combination of prudent macroeconomic and promotional trade and investment policies,” Duterte said. Duterte said that his administration is determined to cut red tape and corruption and make the Philippines more business friendly. He invited investors to come to the Philippines and gave them the assurance that their investments and profits are protected and that they can directly report to him if they are encountering problems in corruption or harassments. “O u r v is i on for my country is to uplift the quality life of Filipinos, properly nourished and healthy, educated and empowered to address inequality and bring prosperity for all,” he said.
Free...
from page 1 the senate committee on finance, said the additional P8-billion allocation under the Commission on Higher Education will serve this purpose. She said both Houses of Congress has approved the proposed 2017 General Appropriations Act worth P3.350 trillion and is expected to be signed by the President before Christmas. “One of the long-standing concerns of poor families is bringing their children to college because after finishing high school in public schools,
has required that the local government of Cagayan de Oro provide relocation sites for the more than 3,000 families that would be affected by the 12-kilometer flood control system. More than 674 persons perished on the night of Dec. 16, 2011 when flash floods hit 41 barangays here, according to the National Disaster Risk Reduction and Management Council (NDRRMC). Typhoon “Sendong,” the deadliest storm to hit this city, also affected 38,071 families or 228,576 persons and destroyed or damaged 12,635 houses in the villages beside the river. Ermin Pimentel, of the Cagayan de Oro Shelter and Housing Development Multisectoral Task Force, blamed the political squabble between Mayor Oscar Moreno and the city council then dominated by Padayon Pilipino for the non-delivery of houses for those affected by the mega dike project. “In the first three years of Mayor Moreno practically we have done nothing because the city council refused to give us any budget for the housing,” Pimentel lamented. He said he is optimistic that things will change for the better in 2017 when the new city council now dominated by Moreno’s allies will give them the money to buy the lands. He said a number of government agencies and
most of them have no means to pay for tuition fee in SUCs. The 2017 national budget addresses this concern,” she said. She clarified that while the budget only covers tuition fee, indigent students may still avail of grants and aid for miscellaneous fees under various programs. Legarda added that college students belonging to familybeneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps) are covered by the Expanded Students’ Grants in Aid Program for Poverty Alleviation (ESGP-PA). She said those who are not part of the 4Ps can avail of financial assistance for educational purposes under the Student Financial Assistance Programs (StuFAPs) both under CHED and SUCs. Under the proposed 2017 national budget, P5.753 billion is allotted for StuFAP, she said. The senator urged the CHED and SUCs to ensure that the funds will go to the intended beneficiaries. (MindaNews)
Megadike... from page 1
International Cooperation Agency (JICA) have not even started yet five years after typhoon Sendong devastated villages along the riverbanks on Dec. 17, 2011. Maghinay said the Japanese development agency
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 25 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE EJF File No. 2016-534 Upon extra-judicial petition for sale under Act 3135 as amended, filed by HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG FUND, Mortgagee, with address at J.R. Borja Street, Cagayan de Oro City, against CHRISTIAN JAY A. BALILI, Mortgagor, with postal address at Lot 4, Block 10, Silver Creek Subdivision, Carmen, Cagayan de Oro City, to satisfy the mortgaged indebtedness which as of October 28, 2016, amounts to ONE MILLION THREE HUNDRED SEVEN THOUSAND SEVEN HUNDRED FIFTY EIGHT PESOS & 86/100 (P1,307,758.86) inclusive of interest and penalty charges that may accrue thereafter, plus the expenses of the foreclosure, the undersigned Sheriff will sell at public auction on January 20,2017, at 10:00 o’clock in the morning or soon thereafter at Regional Trial Court, Branch 25, City Tourism Hall, City Hall Compound, Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the property mentioned in the said mortgage which is described as follows: TRANSFER CERTIFICATE OF TITLE NO: 137-2011004035 LOT Portion of Lot As Surveyed for Location
: LOT 4, Blk 10, Psd-10-053352 : 3891-P-2, Psd-10-050786 : Corelco Inc., (Silver Creek Subd.) : Brgy. Canitoan; now Carmen, City : Of Cagayan de Oro, Island of Mindanao : Eighty (80) square meters, more or Less, including all improvements Found thereon.
All sealed bids must be submitted to the undersigned on the abovestated date, time and place. In the event the public auction on January 20, 2017 should not take place, on the said date for whatever reason, the same will proceed on the following day, without further notice, posting and publication. Prospective buyers/bidders may investigate for themselves the title of the herein above-described property and encumbrances thereon, if any there be.
Cagayan de Oro City, December 2, 2016. FOR THE EX-OFFICIO PROVINCIAL SHERIFF:
(Sgd.) LOVE M. VERDADERO Sheriff IV
BWM: Dec. 19, 26 & Jan. 2, 2016
private firms have expressed interest to invest in the housing project if the local government of Cagayan de Oro can provide the land. “The city government no longer has any land left. Most of its properties were made into relocation sites for those directly affected by Sendong,” Pimentel said. He said the city government, with the help of donor agencies, has constructed 20 relocation sites that housed 5,796 families directly affected by the typhoon. “But there is nothing left for those who will be affected by the dike,” Pimentel pointed out. The dike project stretches for 12 kilometers from the mouth of the Cagayan de Oro River to the Pelaez Bridge in Baungon, Bukidnon. JICA had set a budget of P8.549 billion for the project while the national government contributed another P2.710 billion during the administration of former
Benigno Aquino III. “Its height is high enough than the waters of Sendong with a few meters to spare. It is enough to keep any flood waters from spilling from the river,” Maghinay said. “It is the best flood control defense for Cagayan de Oro,” she added. Maghinay said the DPWH is presently constructing the dikes along the river using national government funds. She said the segments of the dike being constructed by the DPWH is already 81 percent completed. Maghinay said a bridge spanning Barangays Balulang to Macasandig is also being constructed by the DPWH. The bridge cuts across Sitio Cala-cala in Barangay Macasandig, the ground zero of Sendong where hundreds died and many of the houses were destroyed. The JICA dike segment, Maghinay said, would have completed the entire flood control project and seal the city.
EXTRAJUDICIAL SETTLEMENT OF ESTATE KNOW ALL MEN BY THESE PRESENTS: This AGREEMENT, made and executed in the Cagayan de Oro City, Philippines, by and among CHONA N. ROA, of legal age, married to Napor B. Roa, Filipino citizens, and with residence and postal address at Tagoloan, Misamis Oriental; NELYBETH N. TUMARA, of legal age, married to Walter B. Tumara, Filipino citizens, and with residence and postal address at Kauswagan, Cagayan de Oro City; MADOLINE P. LEPON, of legal age, married to Amario O. Lepon, Filipino citizens, and with residence and postal address at Tagoloan, Misamis Oriental; SUSAN N. VILLAMOR, of legal age, married to Dionisio Villamor, Filipino citizens, and with residence and postal address at Tagoloan, Misamis Oriental; RONNIE N. PADERNA, of legal age, married to Elma C. Paderna, Filipino citizens, and with residence and postal address at Tagoloan, Misamis Oriental; A PARCEL OF LAND, Lot 21-B, being portion of Lot 21, PLS-799 situated in Barrio of Sta. Cruz, Municipality of Tagoloan, Province of Misamis Oriental, Island of Mindanao. Bounded on the E., along line 1-2 by Lot 26, PLS-799; on the SE., along lines 2-3-4-5-6-7-8-9-10-11-12 by Lot 21-C of Francisco Nabong; on the W., along lines 12-13-14 by Tagoloan River and on the NW., along lines 14-15-16-17-18-19-20-21-22-23-24-25-1 by Lot 21-A of Francisco Nabong. Beginning at the point marked ‘’1’’ n the plan being N. 13 deg. 37’ E., 916.86 meters from BLLM No. 1,PLS 799 to corner ‘’1’’. Thence: 1-2 S., 12 deg. 07’ W., 5.31m. 2-3 S., 87 deg. 18’ W., 15.20m. 3-4 S., 78 deg. 13’ W., 15.16m. 4-5 S., 59 deg. 20’ W., 7.69m. 5-6 S., 47 deg. 26’ W., 1.00m. 6-7 S., 48 deg. 59’ W., 12.80m. 7-8 S., 48 deg. 59’ W., 11.74m. 8-9 S., 51 deg. 58’ W., 27.95m. 9-10 S., 43 deg. 32’ W., 70.63m. 10-11 S., 29 deg. 45’ W., 18.37m. 11-12 S., 63 deg. 22’ W., 10.84m. 12-13 N., 28 deg. 45’ W., 0.62m. 13-14 N., 67 deg. 36’ W., 26.99m. 14-15 N., 63 deg. 23’ W., 5.17m. 15-16 N., 29 deg. 45’ W., 5.17m. 16-17 N., 28 deg. 20’ W., 50.90m. 17-18 N., 43 deg. 32’ W., 22.04m. 18-19 N. 51 deg. 58’ W., 14.55m. 19-20 N., 48 deg. 17’ W., 25.53m. 20-21 N., 52 deg. 40’ W., 8.18m. 21-22 N., 58 deg. 34’ W., 6.90m. 22-23 N., 53 deg. 43’ W., 4.42m. 23-24 N., 78 deg. 13’ W., 10.95m. 24-25 N., 86 deg. 26’ W., 20.44m. 25-1 N., 83 deg. 56’ W., 2.21m. Containing an area of ONE THOUSAND ONE HUNDRED FORTY SEVEN (1,147) sq.m. more or less, all points reffered to are indicated on the plan and marked on the ground by hub. Under the Notary Public of ATTY. STALIN A. BAGUIU, per Doc. No. 149; Page No. 30; Book No. 28; Series of 2016. BWM: December 5, 12 & 19, 2016
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