Skip to main content

BusinessWeek Mindanao (December 23-24, 2016)

Page 1

MERRY CHRISTMAS AND A HAPPY PROSPEROUS NEW YEAR!

BusinessWeek MINDANAO

YOUR Mindanao-wide BUSINESS paper

CREDIBLE

Volume VII, No. 089

Market Indicators

As of 5:56 pm December 22, 2016 (thursday)

FOREX

PHISIX

US$1 = P49.98

6,686.36

X

unchanged

27.70 points

www.businessweekmindanao.com

IN-DEPTH

By MIKE BAÑOS, Editor-at-Large

Briefly

Banana coop row

APPARENTLY, the “X’mas” abbreviation has been used for hundreds of years (some texts cite its first known use as 1551) in religious writing and variants such as Xtemass, originated as handwriting abbreviations for the typical pronunciation /ˈkrɪsməs/. Besides the Greek letter X representing Christ, the word

mas in Xmas is from the Old English word derived from Latin for Mass. The word “Christ” and its compounds, including “Christmas”, have been abbreviated in English for at least the past 1,000 years, long before the modern “Xmas” was commonly used. “Christ” (which comes

christmas special

from a Greek word meaning “anointed”) was often written as “Xρ” or “Xt”; there are references in the AngloSaxon Chronicle as far back as 1021. This X and P arose as the uppercase forms of the Greek letters χ (Ch) and ρ (R) used in ancient abbreviations for Χριστος (Greek for “Christ”), and are still widely seen in many x’mas/PAGE 11

Durian growers eye big market in China Bishop Lorenzo C

D

URIAN growers in Davao City are gearing towards increasing their productivity as demand for processed durian in China is increasing. Larry Miculob, chairperson of the Davao City Durian Council, told reporters in Davao City on Wednesday that buyers in China are requiring 100 container vans of processed durian starting in 2017. The high demand for durian, Miculob added, is the result of the reopening of the banana market in said country as President Rodrigo Duterte was able to

Illegal logging MARAWI City -- At least P1.4 million worth of illegal logs were confiscated and turned over to the Anti-Illegal Logging Task Group of Lanao del Sur, December 17. Approximately 28,730 board feet of premium assorted logs were seized as the Department of Environment and Natural Resources in the Autonomous Region in Muslim Mindanao (DENRARMM) closed three illegally operating sawmills from three barangays in Maguing town, this province. DENR-ARMM Secretary Forester Kahal Kedtag said the operation was immediately conducted by the department after proving through a series of investigations that illegal cutting of trees has been happening in the watershed area. Massive cutting of trees in the ARMM, Kedtag said, is strictly prohibited in pursuant to the Regional Governor’s Executive Order No. 1 series of 2012 or the Total Logging Ban.

P15.00

Fri-Sat | December 23-24, 2016

How the ‘X’ in X’mas started

X

DAVAO City -- An officer of the Lapanday Foods Corporation pegged the damaged cost to the toppled 15-hectare banana plantation in Barangay Madaum, Tagum City, Davao del Norte at $120-Thousand. Lito Dagatan, finance officer of the LFC cited the need for the Department of Agrarian Reform to intervene to regulate the agrarian reform beneficiaries in their area in order to ease the dissent. He said the situation is aggravated by the existence of two factions within the HEARBCO 1 which is contractually obliged to sell its bananas to Lapanday Foods Corporation under the Banana Sales and Marketing Agreement since October 1999.

RELIABLE

rebuild the Philippines’ good relationship with China. He said that last year, the council was only able to ship four container vans of processed durian to China. Miculob attributed the low durian export to the decrease of production this year due to the onslaught of El Niño phenomenon and the noninclusion of durian as among the fruits for export to China durian/PAGE 11

RECYCLABLE CHRISTMAS TREES. Christmas trees made of recycled PVC materials illuminate the sidewalk along R.Castillo Avenue in Davao City. These were made by the employees of Techno Trade, a hardware dealer in the city. MindaNews photo

Great 2017 awaits Davao City: biz chamber By ANTONIO L. COLINA IV, MindaNews

DAVAO City – Business leaders here are optimistic that the city will sustain the economic upturn next year, what with a lot of interests from large investors to locate in the metro. Ronald Go, incoming president of the Davao City Chamber of C ommerce (DCCCII), told “Wednesdays

Habi at Kape” at the Abreeza Mall that the city has been placed in the centerstage since President Rodrigo R. Duterte hails from here where he served as mayor for over 20 years. “If possible, we should invest in boutique hotels that we need more for the City of Davao. We continue

to grow. This development comes about after our mayor became president,” he said. Go added that he sees a large influx of tourists coming here “to see what Davao City is like and what propelled our president where he is today. We see a lot of people just so curious about what Davao City has to offer,” he said. 2017/PAGE 11

GEARING FOR ABE’S VISIT. The Boeing 747 of Japan’s Air Self-Defense Force is towed at the tarmac of the Davao International Airport on Tuesday afternoon. A 27-member delegation was reported to be at the DIA to inspect its facilities in preparation for the visit of Japan Prime Minister Shinzo Abe in the city January next year. A century ago, Davao City was known as Davao-kuo or “Little Tokyo.” MindaNews photo

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


2

Economy

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

fri-sat|december 23-24, 2016

housing programs DOH intensifies drive for healthy lifestyle, Tagum’s hailed as RP’s best road safety and fireworks free holidays

D

AVAO City -- The Department of He a lth has intensified its campaign for healthy lifesty le, road safety and against pyro-technic-wares during the holidays. Assistant Secretar y of Health for Mindanao Cluster Dr. Ab dullah Dumama Jr., regional d ire c tor of t he D OH 11 emphasized strongly the use of merrymaking instruments and alternative nois e makers such torotot, car horns and by playing loud music. He noted that Davao

City has significantly reduced its pyro-technic explosion related incident down to zero last year and in the previous years. D umama s aid t hat chi ldren and p arents must b e reminded to avoid injuries during the explosion of fireworks. “B a s e d on re p or t s from sentinel sites from December 21 to January 5, 2016, a total of 125 cases of firecracker explosion related injuries were recorded. Of the 125 incidents 92 were from Davao del Norte, 2 6 f rom C omp o s t e l a

Valley, four from Davao del Sur and three from Davao Oriental,” he said. D umama s aid t hat in case onf an injur y due to firecrackers, all wounds must be i m m e d i at e l y w a s h e d with clean running water until all visible dirt and gunpowder residue is removed. He stressed that wounds caused by firecrackers can cause Tetanus and can lead to death. D umama a ls o s aid that residents must also b e c o n s c i o u s o f a ny potential health hazard

such as indigestion, allergies and high blood pressure, thus the need for balanced diet and exercise. He a l s o c i t e d t h e need to avoid too much alcohol which does not mixed with driving. “Do not mix alcohol w it h d r i v i n g or v i c e versa,” Dumama said. He also called to shop wisely for toys to give as gifts during the holidays. “ Wa t c h o u t f o r toys that may contain harmful chemicals like l e a d,” D u m am a s ai d. (PIA 11-Jo e y S em G. Dalumpines)

THE City Government of Tagum made it again to the Housing and Urban Development Coordinating Council’s (HUDCC) roll of winners for this year’s search for Best LGU Practices, this time capturing the number one rank in the country. Held at Century Park Hotel, Manila on December 09, 2016, the National Drive Against Professional Squatters and Squatting Sy nd i c ate s ( N DA P S S S ) an inter-agency task force composed of 11 national government agencies as headed by HUDCC, bestowed the first place of the said search to LGU Tagum for its housing programs anchored on sound legislative actions, pragmatic policies, and the effective implementation of

innovative anti-squatting programs and projects. Vice Mayor Geterito Gementiza, MDMG led in receiving the plaque of recognition along with City Councilors Agripino C o qu i l l a , Jr and D atu Damiano Cipro, and Engr. Bernardo Castor, head of the technical working group of the Local Housing Board as chaired by Mayor Allan Rellon. Aside from the plaque, Tagum City is also entitled to receive a 175,000-peso cash prize. Notably, Tagum City was shortlisted to the said award for three years in a row. Last 2014, the city government was awarded with a special citation and on 2015 was recognized as second place. housing/PAGE 11

RPN Radyo Ronda Stations Nationwide

CNN Philippines Stations Nationwide CNN Philippines TV-9 Manila CNN Philippines TV-12 Baguio CNN Philippines TV-12 Dagupan CNN Philippines TV-26 Tarlac CNN Philippines TV-10 Iriga CNN Philippines TV-4 Iloilo

CNN Philippines TV-8 Bacolod CNN Philippines TV-9 Cebu CNN Philippines TV-5 Cag. de Oro CNN Philippines TV-5 Zamboanga CNN Philippines TV-7 GenSan CNN Philippines TV-9 Davao

DZBS 1368 Baguio DZRL 639 Batac DZTG 621 Tuguegarao DZKI 1332 Iriga DYKW 936 Binalbagan DYKB 1404 Bacolod DYKC 675 Cebu DXKO 1368 Cagayan de Oro DXKS 1080 Surigao DXKD 1053 Dipolog DXKP 1377 Pagadian DXXX 1008 Zamboanga DXKT 1071 Davao DXDX 693 General Santos

Training-Seminar on Abaca Planting. The Philippine Fiber Industry Development Authority (PhilFIDA) holds a Training-Seminar on Abaca Planting Material Propagation and Accreditation of Abaca Plant Nurseries that highlights the varietal selection, propagation technologies on corms and suckers, and nursery establishment and maintenance on December 21. The training-seminar also tackles seeds purification, propagation, care and maintenance of seed derived abaca planting materials.(RTP/PIA10)

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

fri-sat|december 23-24, 2016

3


4

Opinion

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

fri-sat|december 23-24, 2016

The Magnitude of Poverty in Mindanao

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

ALLAN mario MEDIANTE

Vice President for Corporate Affairs

Joe felicilda

Vice President for Administration

joe palabao

Vice President for Marketing

NELSON CONSTANTINO Editor-in-Chief

Cheng ordoñez

gilbert y. chao

Executive Editor

Motoring Editor JOEL ESCOL

BONG FABE

Feature Editor

Associate Editor

CLIFFORD SANTILLAN Layout Artist

JUN AYENSA

shyne campaner

Regional Editor Caraga

Advertising

ATTY. MARIO T. JUNI

Cris diaz mike baños Uriel quilinguing Contributing Editors

Cell No: 09352379999

Juni Law Office Cruz Taal St., CDO Legal Counsel

manila office: Unit 310 Valero Plaza, Valero Street, Salcedo Village, Makati City; lani vallido-Marketing Manager Shiena Shyne Campaner & Wemalyn Garcia Marketing Staff - CDO

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. 463826-272-000 – VAT. Reg., and with Business Permit No. 201512879. Tel. Nos.: (088)8578447, 74-5380, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com

Member: Philippine Press Institute Oro Chamber

Is Your Family Climate-Controlled? Thin k a minute…What kind of climate do you enjoy living in? Did you know t hat you can live in the exact climate you w a n t ! I ’m n o t t a l k i n g about the weather climate, but the more important c l i m at e o f y o u r h o m e . The daily mood of your marriage and family. Just like a garden or plantation lives and grows best in a certain kind of climate, so does your marriage and family. Your wife or husband and children live happiest when you control the climate of fe elings and emotions in your home. We do this by the way we talk and treat each other. The way we react to the daily problems, mistakes, or disagreements we may have. Do you wish your family was more peaceful and happy? That you and your wife or husband did n ot arg u e an d f i g ht s o much? That your kids were more happy and confident? Well, no one is forcing you and your family t o l i v e i n t h at k i n d o f unhappy atmosphere. It’s y o u r c h oi c e . You mu s t decide to be the first to change and control your

THINK

A Minute

Jhan Tiafau Hurst own he ar t, mo o ds, and anger. You can’t have a peaceful, happy marriage and family until you yourself first have peace a n d h ap p i n e s s i n y o u r own heart. Jesus can give you that kind of peace, p ower, and self-control you need. Then you can h e lp c re at e t h e l ov i ng , happy climate in your home. It’s never too late to change. So today, why not ask Jesus to forgive you for your past anger and lack of self-control with your family? Then ask Him to take charge of your heart, marriage, and family, so you can finally start enjoying a satisfying, peaceful climate in your home ever yday—for the r e s t o f y o u r l i f e . Ju s t Think a Minute…

It’s exhilarating but at the same time depressing to look at the magnitude of poverty figures from the Philippine Statistical Authority (PSA) in the last 10 years. The magnitude and share of the total poor families nationwide dropped by 1.6 percent (62,770 households) from 3,809,283 in 2006 to only 3,746,513 in 2015. C onsequently, the total population of the poor in the country declined by -3% or 716,917 (from 22,643,981 in 2006 to only 22,927,009 in 2015). What’s depressing about the big picture painted by the PSA figures is that poverty magnitude and share to total population actually increas ed by 8 p ercent or 112, 737 hous ehol ds in Mindanao and the percentage share of total poor to total population increased from 36.8 in 2006 to 40.4. As a consequence, the population of total poor in Mindanao over the last 10 years also increased by 616,421 indiv idu a ls (from 1,401,719 in 2006 to 1,514,457 in 2015) and the share to total population likewise increased from 36.39 in 2006 to 40.39 in 2015. In layman’s terms, four out of every 10 families, an d fou r out of e ve r y 10 individuals residing in Mindanao are living below the poverty line. Note how the decline in total population of the poor all over the country by 716,917 individuals has been almost negated by the

616,421 increase in poor individuals in Mindanao over that 10 year period. In plain language, 86 percent of the decline over the last 10 years in the number of total individuals living below the poverty line all over the country has been negated by the increase in the number of individuals in Mindanao who are now considered poor. Does this indicate that government has been negligent in addressing p ov e r t y a l l e v i at i o n i n Mindanao given how the rest of the countr y has prospered? The latest PSA figures on poverty incidence identifies eleven of the 20 poorest provinces in the Philippines as coming from Mindanao: L anao del Sur (74.3%); Sulu (65.7%); Sarangani ( 6 1 . 7 % ) ; Mag u i n d an a o (59.4%); Bukidnon (58.7%); Sultan Kudarat (56.2%); Z a m b o a n g a d e l No r t e (56.1%); Agusan del Sur (54.8%);Lanao del Norte (50%); Nor th C otabato (48.9%); and Zamboanga Sibugay (44.9%). A cursory analysis of these figures show 8 of the top 10 poorest provinces are in Mindanao (80%!) and 11 of the top 20 (55% !) or over half of the 20 poorest provinces in the whole country. And that’s not even going into the nitty gritty of all those families in Mindanao living below the poverty line in the other provinces of the island which are not counted among that list. As a f u r t he r s c re e n

to prove this point, we consulted the Department of S o c i a l We l f a re a n d Development’s (DSWD) National Household Targeting System Database. Also known as the Listahanan, it is used to identify the beneficiaries of the Conditional Cash Transfer Program (CCTP or 4Ps, Pantawid Pamilyang Pilipino Program) In 2015, the Autonomous Region in Muslim Mindanao (ARMM) had the number of 4Ps targeted beneficiaries with 44,8757 while Maguindanao was the province with the most number of families enrolled in the program. The 11 Mindanao p rov i n c e s i n c l u d e d i n DSWD’s top 25 provinces with most number of beneficiaries are: (Province/ Number of Target Household Beneficiaries) Maguindanao (with C otabato City) 200,537; Zamboanga del Sur (140,804); Zamboanga del Norte (110,790), Sulu (107, 368), Lanao del Sur (99,269), Cotabato/ North Cotabato (83,392), Bukidnon (81,895), Misamis Oriental (78,211), Lanao del Norte (70,394), and South Cotabato (65,831). Eleven of the top 25 provinces with the highest number of targeted beneficiaries included in the list of priority areas identified by the Aquino government in its 2015 memorandum under Aquino’s Social Contract come from Mindanao. These priority areas were based on data from the

H ammer

and

A nvil

By Mike Baños

DSWD and the Philippine Statistical Authority (PSA) using two indicators: high poverty magnitude and high poverty incidence. Three of the remaining 5 priority areas with low 4Ps beneficiaries (compared to other provinces) included due to individual context also come from Mindanao: Davao del Sur is the highest in Region XI, while Camiguin, and Sarangani were included in the 2014 list of poorest provinces in the Philippines. If the current administration is to build a S o c i a l D e v e l o p m e nt Framework addressed at empowering the poorest of the poor, we suggest the chief executive ask his minions to first take a long hard look at his own backyard. For instance, last 16 November Energy Secretary Alfonso G. Cusi reportedly said that he has asked the Power Sector Assets and Liabilities Corp. (PSALM) to study allocating the output Baños/PAGE 11

Not all are happy with free tuition for SUCs LIFE’S INSPIRATIONS: “… The people walking in darkness have seen a great light; on those living in the land of deep darkness a light has dawned…” (Isaiah 9:2, the Holy Bible). -ooo GOD FORETOLD HIS COMING AS A BABY BOY: Isaiah 7:14 of the Bible is clearly a message from God the Father, foretelling His coming to earth as man, given to King Ahaz, who, with his people, were cowering in fear because two bigger kingdoms were set to attack them. God the Father told the Prophet Isaiah to tell the king the attack will not happen, but the king refused to be calmed, forcing God to say He Himself will come to earth as a baby boy. -ooo NOT MANY ARE HAPPY WITH FREE TUITIONS AT STATE SCHOOLS: I am sure that not every Filipino, particularly some at the C ommission on Higher Education (CHED) and even among some people at state colleges and universities (SUCs), share the happiness of Filipino students studying at gove r n me nt s cho ols b r o u g ht a b o u t b y t h e

allocation of some P8.3 billion for their free tuition fees. To some people, this free tuition scheme may mean depriving them of fat allowances or, as some had put it, “profit participation” which they appear to have been enjoying for quite some time now. I have written about this “profit p ar t i c ip at i on” s c am i n previous years in the hope of stopping it, but nobody wanted to pay any attention. Now, with the free tuition system designed by the Duterte government for state colleges and universities, I am sure it is going to be problematic and highly s c and a l ou s for anyone to insist that this “profit p a r t i c i p a t i o n” s c h e m e among top ranking CHED officials and officials of state colleges and universities should still continue. -ooo “ P R O F I T PARTICIPATION” AMONG SU C s SU C KS : What is this “profit participation” scheme? It is a system, I am told, where s ome CHED and SUC officials are given portions of the tuition fees paid by students who, because of lack of

financial capabilities, could not study at better private educational institutions and had to content themselves being enrolled in SUCs. I wrote the CHED and the Civil Service Commission (CSC) to investigate this matter several years ago, but I never received even the courtesy of a denial, both of this request and of the existence of the scheme. I was totally stonewalled by CHED and CSC officials, but, my informants told me the system of “profit participation” continued unabated. I said then, and I am going to say it again: taking portions of tuition fees paid by poor students to SUCs is criminal and constituted graft and corruption. It is also stealing from poor families, whose only way out of poverty and misery is securing college education for their children. Maybe the Duterte government can do its own investigation of this matter now and prosecute all those who may have participated in this scam. -ooo GOD CAME AS A MAN TO SHOW HIS LOVE FOR HUMANS: Now what did God say to King Ahaz,

K akampi

Mo A ng Batas

Atty. Batas Mauricio through the Prophet Isaiah, in Isaiah 7:13-14? Here it is: “Then Isaiah said, `Hear now, you house of David! Is it not enough to try the patience of humans? Will you tr y the patience of my God also? Therefore the Lord himself will give you a sign: The virgin will conceive and give birth to a son, and will call him Immanuel’…” To the Anak ng Diyos Kadugo Ni Kristo (AND KNK, or Children of God Blood Kin of the Christ) Church, this message would seem at odds with what was required to fight the invaders against King Ahaz, for what he really needed then was something to stop his attackers. Yet, God’s batas/PAGE 11


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

fri-sat|december 23-24, 2016

Toyota PHL to boost local content for Vios

T

O Y O TA M o t o r Philippines Corporation (TMP) said it is working with 30 auto parts makers that would initially increase local content of their Vios model. In a statement, TMP said the Vios model -- its entry into the Comprehensive Automotive Resurgence Strategy (CARS) program -- would see an increase in its local content by 16%. “Total local parts for the all-new Vios will increase by 16%, or a total of 317 part numbers, which will be in collaboration with 30 auto parts makers,” the statement read. “A m o n g t h e s e a r e mandatory parts committed under the CARS program, like the body shell and large plastic parts to be produced by local suppliers, and some to be produced by TMP at its plant in Santa Rosa, Laguna.” In November, the Philippine Parts Maker Association, Inc. expressed concern that the CARS program participants

RESORTS, HOTEL & RESTAURANTS DIRECTORIES

A PUBLIC SERVICE BY:

Algen’s Dive Resort (088) 3872015

Pryce Plaza Hotel 8583131 Fax: 726687

Apple Tree Resort & Hotel 735411 / 754525 Fax: 754497 0917-7144040 / 0923-3269366 / 0939-9076948

Prawn House (088) 3095992 Fax: 8519219 Ridge View Chalet 8588946 / 8587946 Fax: 8588946

Bahay Bakasyunan sa Camiguin (088) 3871057 / 3870131 Fax: 3870278 Basamanggas Resort 08822-760564 Fax: 760565

are prioritizing large parts makers instead of small and medium-sized enterprises (SMEs), which was otherwise expected during its initial stages. “Most are our members but I doubt if there are SMEs,” said PPMA President Ferdinand I. Raquelsantos in a text message when asked if any member companies partnered with Toyota to supply local content.

Established under former president Benigno S. C. Aquino III, the CARS program provides incentives to three car makers to locally produce three car models with a production volume of at least 200,000 units for up to six years, or an average of 33,333 vehicles per year. So far, there are two car makers registered under the resurgence initiative -TMP and Mitsubishi Motors

Jollibee opens 4th branch in Riyadh THE Department of Foreign Affairs said on Thursday that Jollibee, the leading fastfood chain in the Philippines opened its 4th Branch in Riyadh at The Square Complex in the 2nd Industrial City on December 12. The opening ceremony was graced by First Secretary and Consul Mary Jennifer D. Dingal and the management of Nessma United Ltd, the franchise company operating all Jollibee stores in the Kingdom, led by Mr. Faisal Y. Bamhrez, General Manager and Mr. Ronel G. Nape, Operations Manager.

5

CorporateWorld

Currently, there are 12 Jollibee branches in the Kingdom of Saudi Arabia. The first Jollibee branch was opened in 2008 at the Jeddah International Market (Sarawat). Since then, the expansion of the famous Filipino fastfood chain continued around Saudi Arabia which include branches in Al Batha and Sulaymania in Riyadh, Al Ramaniyah in Al Khobar and in Khalediyah, Jeddah International Market and Balad in Jeddah. Other branches are located in Jubail, Taif and Yanbu. Nesma United Ltd. aims

to open one more Jollibee branch before the end of 2016 and at least two (2) branches every year. Simultaneously, the company will also open Chowking branches in the Kingdom beginning 2017. During his welcome remarks, Mr. B am hre z expressed his appreciation and gratitude to the Filipino community for their steadfast support to all Jollibee stores in the Kingdom. Consul Mary Jennifer Dingal, for her part, conveyed her appreciation to Jollibee and Nesma United Ltd. for bringing Jollibee to Saudi Arabia. (PNA)

Philippines Corp. T he C A R S pro g r am requires both car makers to eventually increase their localized content to at least 50% of the assembly by weight in the case of body shell assembly. For its part, TMP c om m itte d to pro du c e 230,000 units for the CARS program. It has also made an initial investment of P3.22 billion.

Globe installs 500 LTE cell sites using 700 MHz GLOBE TELECOM, Inc., has installed 500 long-term evolution (LTE) cell sites using the 700-megahertz (MHz) spectrum, in line with efforts to improve mobile Internet service in the country. In a statement, the telco giant said it is on track to deploy about 4,500 multiband, multi-mode softwaredefined radio station equipment to about 95% of globe/PAGE 11

Republic of the Philippines DEPARTMENT OF LABOR AND EMPLOYMENT Regional Office No. 10 NOTICE OF FILING OF APPLICATION FOR ALIEN EMPLOYMENT PERMIT (AEP) Notice given that the following companies/employers have filed with this Regional Office application/s for Alien Employment Permit/s. Name and Address of Company/Employer NEPC Power Const. Corp. Brgy Tambobong, Villanueva Mis Or. NEPC Power Const. Corp. Brgy. Tambobong, Villanueva, Mis Or.

Name of Citizenship of Foreign National Yuanming Liu Chinese Hongqi Wang Chinese

Position and Brief Description of Function Power Block Officer Heavy Equipment Foreman

December 22, 2016

SGD. RAYMUNDO G. AGRAVANTE Regional Director

Cagayan Riverview Inn 8584245 / 729039 Fax: 8584245 Casa Crystalla 8561704 / 722465 Fax: 722480 Casa Isabella (088) 8564065 Casa Azucena 8563402 / 09236593973 Chali Beach Resort 732840 / 8552108 Fax: 8555941 Chananthon Bed & Breakfast 8568189 / 3093095 Country Village Hotel 8583004-06 Fax: 8583006 D’Budgetel 8564200/726643 Fax: 8564300 Dahilayan Forest Park 8568562 to 63 De Luxe Hotel 8572144 / 724548 Fax: 724563 Discovery Hotel 727814 / 8563896 Fax: 8563897 Duka Bay Resort (088) 3312290 Fax: 725265 Dynasty Court Hotel 8574802 Fax: 857900 Grand City Hotel 8571900 / 728469 Fax: 723718 Hotel Conchita 8563856 / 727355 Fax: 8563857 Hotel Koresco 8589749-50 Fax: 8589748 Hotel Sogo 8520383 Kingston Lodge 8585696 Fax: 8585696

Southwinds Hotel 724803 / 8562036 Fax: 8562036 Stargate Dream Vacation Resort 8515003 / 8509999 The VIP Hotel 726080 / 8562505 Fax: 726441 RED PLANET 8800888/8801306 Travelers Pod 8518988 Uptown Condotel 8511800 Villa Paraiso Apartelle 3870419 Fax: 3870429 HONORARY MEMBERS: Dept. of Tourism 723696/726394 / 8564048 Fax: 723696 RESTAURANTS: Bigby’s Café 72-1071/857-5511/8575836 Fax: 711843 Café Laguna 8582999 Fax: 8567001 DM Villaruy Restaurant 733790 Golden Ajirang I 856-5271 Fax: 727876 Grand Caprice Restaurant 72-6955/856-2302 Fax: 72-4986 Kagay-anon Restaurant 728958 / 8563688 Fax: 8563843 / 729003 La Ilongga Restaurant 72-6183 / 857-3652 Fax: 72-4605 Missy Bon Bon 8566852 / 09228606442 Fax: 8566852 SLERS Ham & Café 8551438

Mapawa Natures Park 8584402 Fax: 725265

Thai Me Up 738424/3108424 Fax: 738424

Mallberry Suites 8541999 / 7249999 Fax: 8544999

Barkadahan Grill 8551234

Maxandrea Hotel 8572244/729943 Fax: 724090

La Tegola Cucina Italiana 8585959

If you have any information/ objection to the above-mentioned application (s), please communicate with the Regional Director.

Miami Inn 8581901 to 02 Fax: 725279/728486

To avail free job referral, placement and employment guidance services, visit the nearest Public Employment Services Office (PESO) or log on at www.phil-job.net

N Hotel (088) 8801924

VISIT OUR WEB PORTAL

Seda Centrio Hotel 3238888 / 0917-577-5910

Paras Beach Resort 8568563 Fax: 8568563 Philtown Hotel 726295 / 8564402 Fax: 723104

limketkai luxe hotel 8800000 Dear manok 8564914 / 8573413 LIMKETKAI LUXE HOTEL Landline: (088) 880-0000, Mobile: 0917-312-4563 Email: info@limketkailuxe.com


6

Feature

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

fri-sat|december 23-24, 2016

DSWD worker is CSC’s 2016 Outstanding Public Official and employee Cagayan de Oro City --- The Civil Service Commission (CSC) recently conferred the 2016 Outstanding Public Officials and Employees (Dangal ng Bayan) Award to Sonia Ipang, Social Welfare Officer III of DSWD Field Office 10 and the head of the Regional Rehabilitation Center for Youth (RRCY) in Gingoog City, in a ceremony held in Heroes Hall of Malacanang. President Rodrigo R. Duterte, CSC Chair Alice B a l a, and Ombudsman Conchita Carpio-Morales bestowed the award to Ipang. She also received the gold gilded trophy and P200,000 cash from the Central Bank of the Philippines. As an awardee, Ipang will be automatically promoted to a one step higher rank as per provision under the Republic Act 6713, an act establishing a code of conduct and ethical standards for public officials and employees, to uphold the time-honored principle of public office being a public trust, granting incentives and rewards for exemplary service, enumerating prohibited acts and transactions and providing penalities for violation thereof and for other purposes. The Dangal ng Bayan Award is conferred by the CSC to an individual for performance of extraordinary act or public service and consistent demonstration of exemplary ethical behavior on the basis of his/her observance of the eight norms of behavior provided for under RA 6713: c om m it me nt to publ i c interest, professionalism, justness and sincerity, political neutrality, responsiveness to the public, nationalism and patriotism, commitment to democracy, and simple living. DSWD Field Office 10 Regional Director, Nestor B. Ramos, said the recognition of Ipang serves as an inspiration to all workers of DSWD in Northern Mindanao. “She is the pride of DSWD and Northern Mindanao. I

Hero of Northern Mindanao. Sonia E. Ipang (second from right), Social Wefare Officer III and head of the Regional Rehabilitation Center for Youth of DSWD Field Office 10 is this year’s recipient of Civil Service Commission Outstanding Public Official and Employee (Dangal ng Bayan) Award. President Rodrigo Duterte, CSC Chair Alice Bala, and Ombudsman Carpio- Morales present the award in a ceremony at the Heroes Hall of Malacanang. Also on photo (from left): DSWD Field Office 10 Assistant Regional Director for Administration Manuel M. Borres, DSWD Secretary Judy Taguiwalo, and Sonia’s husband Erleen. (DSWD and RTVM Photos)

hope workers will emulate her great dedication and commitment to our agency, clientele, and country,” said Ramos. Ip a n g r e c e i v e d t h e award for her passion and diligence in taking care of the children in conflict with the law (CICL). Under her watch, the RRCY in Gingoog City, Misamis Oriental taught residents to become more responsible through engagement in livelihood opportunities such as crafts making and backyard farming, and activities such as sports fests and educational trips. Compassion, care, and dignity Child protection is an important part of the work of a staff of the RRCY. That is why implementing child protection programs are now strictly observed inside the center. With this, Miss Ipang,

as a social worker, ensured that vulnerable children are protected, to the best of her ability, wherever they are. Free from discrimination, she treated the CICLs with compassion, care, dignity, and understanding who are undergoing rehabilitation inside the DSWD-run center. To address issues and concerns RRCY were facing, Ipang implemented some programs at the center and made it to a point to all her colleagues that they are working as a team. She advocates for improved laws, policies, and systems in the center to realize and achieve the goal of RRCY which is the rehabilitation of clients. This happened when Ipang was sent to a training in Cebu on Therapeutic Community. She applied her learnings from the training and reechoed all her learnings to her co-workers through an

orientation. This paved the way for the implementation of programs and services at the center which involved both staff and clients. Such implementation is geared towards improving and changing the atmosphere of t he c e nte r and t he rehabilitation efforts as well. She amplified the implementation with the s e vera l le ar nings f rom trainings she attended relative to handling difficult behavior of the CICLs. This resulted in the gradual improvement of the behavior of the children clients inside the center. Each client embraced the changes, thereby making them believers of peace, love, and understanding. There are no more reported conflicts among clients within the center. The continuous pursuit of excellent performance is Ipang’s mantra in serving the

clients at the center. As it is, she was promoted as center head in 2004 and assumed office in 2005. Her first month was quite difficult. As a newly-hired center he ad, for a w hi le, she performed two functions: a center head and a case manager/social worker since the social worker position was vacant at that time and filling up the position was still on screening process. Her multi-tasking performance declined when DSWD hired another social worker in 2007. Wit h he r e x p e r t is e, all problems and difficult s itu at i on s ar i s i n g an d encountered by the staff and by the center were addressed. Change has come, from being unattractive, offensive, and dilapidated buildings of the center to becoming a Center of Excellence after passing and maintaining the

accreditation of the Standards Bureau of DSWD. As Level III accredited center, RRCY has become a world standard in providing rehabilitation to CICLs. The Protective Services Unit of DSWD which directs and manages center heads are well aware of the personal contributions of Ipang in making the center free from children’s conflicts, vandalism, and vices among CICLs. Rosemarie Conde, PSU head, disclosed that Ipang would immediately find solutions and resolve complex problems, a rare and enviable ability in center heads now. “She always innovates and clos ely work w it h her colleagues, inspiring and encouraging them to work as a team. She has greatly contributed to the development of the center and the total rehabilitation of the children as a center head and as a mother to all in the center,” added Conde. The mother image resonates throughout the center that resulted in more productive and valuable clients. One of the examples is the client Rustie Quintana. Quintana, after undergoing formation and rehabilitation at the center was awarded as one of the Ten Outstanding Youth of the Philippines. No less than the former President Benigno S. Aquino III handed the award to Mr. Quintana. Committed and dedicated For the last three years, there have been significant transformations of RRCY under the leadership of Ipang. Her hardwork and perseverance in running the center of DSWD has been enormous that DSWD officials, through former Regional Director Atty. Araceli F. Solamillo and current RD Nestor Briones Ramos, exerted and all out support to the programs and services implemented at RRCY. outstanding/PAGE 8


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

fri-sat|december 23-24, 2016

Banking&Finance

OFW bank seen in place by Q3 2017 T HEGOVERNMENT’S planned bank for overseas Filipino workers (OFWs), which was promised by President Rodrigo R. Duterte during his presidential campaign, is targeted to be operational by Sept. 1, 2017, pending the necessary regulatory approvals, officials said yesterday. T h e D e p ar t m e nt of Finance (DoF) said in a statement yesterday that the Land Bank of the Philippines (Landbank) is expected to set up by September next year the new lender which will be borne out of its acquisition of Philippine Postal Savings Bank (Postal Bank) as a subsidiary that will be 30% owned by OFWs. “The acquisition of the Postal Bank will be completed by the third quarter of 2017, after all required procedures are completed and approvals are secured. The Landbank has sufficient resources to complete this transaction,” Finance Secretary Carlos G. Dominguez III said in the statement. L andB ank President Alex V. Buenaventura said that once 2017 rolls in, the bank will begin undertaking due diligence to start the process of converting Postal B ank into a L andBank subsidiary, together with the Commission on Audit and the Bangko Sentral ng Pilipinas.

Landbank will also draw up a purchase agreement and amend its articles and bylaws to formalize its acquisition of the Postal Bank, he added. He said it would take eight months to accomplish the requirements that would convert the Postal Bank into a Landbank subsidiary. Landbank needs to get clearances from the Governance Commission for Government Owned and Controlled Corporations (GCG) and the Philippine Competition Commission (PCC), as well as approvals from the Bangko Sentral ng Pilipinas and its Monetary Board, as well as the Securities and Exchange Commission (SEC) for the OFW bank to be operational by Sept. 1, 2017. “The OFW bank will be a listed company with an authorized capital of P3 billion and a subscribed capital of P2 billion, of which P1 billion is paid-up by the Landbank. Another P1 billion will be open for subscription to OFWs who can acquire them by buying shares in the bank,” Mr. Buenaventura said. As the bank is being set up, Landbank will open a representative office in Saudi Arabia to cater to the banking needs of some 800,000 Filipino workers based in that country. “ The L andbank unit will be opened near the

Philippine labor office or near a place where OFWs usually converge and meet,” Mr. Buenaventura said. Mr. Buenaventura added that Landbank decided to open the unit in Riyadh because 40% of OFWs based in Saudi Arabia reside there. Mr. Buenaventura said the Riyadh unit will initially offer financial education and investment counseling services to OFWs. “We are going to do focus group discussions with representatives of our target markets to determine where and what services are needed, and what name and logo to adopt for the bank,” Mr. Buenaventura added. Landbank was ranked as the country’s fourth largest commercial bank as of September this year with a total capital of P90.9 billion and assets amounting to P1.3 trillion. PERA ADMINISTRATOR In a related development, Landbank yesterday said it has no plans yet of becoming an administrator of the recently rolled out and longdelayed personal equity and retirement account (PERA), according to one of the bank’s officials. “Not in the immediate future,” Landbank First VicePresident and Corporate Information Officer Antonio V. Hugo, Jr. said in a text message when asked if the bank has any plans in applying

as a PERA administrator. “We may need more time to prepare for the accreditation process,” he said. The Bangko Sentral ng Pilipinas on Dec. 16 formally launched the investment tool, eight years after the PERA Law or Republic Act 9505 was passed in 2008, to which Landbank will serve as the cash custodian for the new savings scheme. During the launch, the central bank announced PERA’s two administrators: Sy-led BDO Unibank, Inc. and Ayala-led Bank of the Philippine Islands. Senator Edgardo J. Angara, who is the principal author of the PERA L aw, said during the launch that the new investment tool has three main purposes: as a “voluntary savings program, widen the domestic capital -- because it’s a very good mobilizer of savings -- and [in the] long term it may serve as a model for pension reform.” “The PERA will set a model... on long term steady retirement income and I think it will,” he said. Contributions to PERA is on top of the mandatory contributions for workers through: the Government Service Insurance System (GSIS) for state employees; and the Social Security System (SSS) for employees bank/PAGE 9

BSP, PNOC-RC ink deal for solar panel installation in all central bank offices THE Bangko Sentral ng Pilipinas (BSP) has added another achievement in its list – becoming a state agency that taps solar power to boost the government’s goal to increase the use of renewable energy. On Wednesday, officials of the central bank and the Philippine National Oil Company – Renewables Corporation (PNOC-RC) signed a Memorandum of Agreement (MOA) for the installation of solar panels on roof decks of BSP buildings in Manila starting in the first quarter of 2017. Solar panels will also be installed on roof decks of BSP

regional offices and branches nationwide as well as on the Philippine International Convention Center (PICC), which the central bank owns and maintains. BSP Deputy Governor Vicente S. Aquino signed the MOA for the central bank and PNOC-RC Vice President for Operations Pedro L. Lite signed for the energy agency. Lite, in his speech, said 200-kilowatt (kW) capacity solar photovoltaic panels would initially be installed on the central bank’s Electronic Data Processing Building (EDPC). He said the central bank’s

initiative to heed Republic Act (RA) 9513, otherwise known as the Renewable Energy Act of 2008, was a big help to support the bid to install solar panels in all government buildings. He said the 200kW panels initially targeted for the central bank was enough to avoid 200 tons of carbon equivalent and save 5,000 trees. The initiative was a small way to address the new normal as a result of climate change, he said. “The BSP, aside from being an energy-efficient facility, is a leader in pushing for the use of renewable

energy and we salute it for its efforts. We look forward for more installations,” he added. Aqu i no, me anw h i l e, dubbed the BSP’s contribution to the use of renewable energy as a giant leap towards the bid to address climate change. “This is also the BSP’s way of supp or t ing t he government’s program to move towards the use of clean and green and efficient energy technology,” he said. Aquino said PNOC-RC would procure and install the solar panels at no-cost to the central bank and the latter would only pay for the solar/PAGE 8

DOH-ROX Deployed HRH Takes Part in NMRAA 2016 By Silvester F. Montalba

Fo r t h e f i r s t t i m e i n history, the island of your i m a g i n at i on C am i g u i n hosted the Nor thern Mindanao Regional Athletic Association (NMRAA) on December 12-16, 2016. Being the theme ‘’Embracing cultural diversity through sports’’, the athletic meets was participated by 14 divisions in Region X, namely Camiguin, Bukidnoon, Malaybalay City, Valencia City, Misamis Oriental, Cagayan de Oro

City, El Salvador, Iligan City, Lanao del Norte, Misamis Occidental, Gingoog City, Oroquieta City, Ozamis Cit y and Tangub Cit y. D e spite b e i ng a s m a l l island, Camiguin was able to ardently accommodate 7,253 delegates. The different delegations were assigned to and stayed in selected schools which served as their billeting quarters for the duration of the NMRAA. The various athletic events also took place

in different venues all over the 5 municipalities of the island. During the said athletic meet, the Human Resource for Health (HRH) of Department of Health-Regional Office X (DOH-ROX) deployed in Camiguin took part as medical team together with the health personnel from Municipal Health Offices. The HRH includes the nurses of Nurse Deployment Project (NDP), midwives of Rural Health Midwife Placement (MTDP). E ach pl ay ing venue had a medical team

to provide first aid to injuries and respond to health needs of the athletes and other people in the playing venues. Common injuries incurred by the athletes were abrasion, sprain, strain, and contusion. Ambulance and emergency transportation vehicles were also made available in case of injuries that need referral and further management in the hospital. In totality, the medical’s team’s role in the regional athletic meet is a gigantic leap towards the success of the said sports endeavor.

7 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

PNB- LKK MALL NORTH CONCOURSE

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.

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774 SECURITY BANK- LKK Limketkai | 8801258/8801625

EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081

SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632

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

UCPB BANK- LAPASAN Osmeña Corner Lkk Drive, Cdoc 85771842/ 725135 UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527 UCPB BANK SAVINGS-CAPISTRANO

Capistrano Corner CruzTaal St. CDO 8524099/722695

UCPB BANK SAVINGS- OPOL Gf forever Books Bldg.Bulua National CDO 754519/8588063 UNION BANK Lapasan Cm.Recto Cdoc | 8566847/8563805 WEALTHBANK Velez Gomez St. Cdoc | 8568942/722174 1ST VALLEY BANK Vamenta Blvd. CornerLirio St. Carmen, Cdoc 8501871/ 8584146 OROBANKERS CLUB Inc. Pnb Carmen | 09151850242


8

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

fri-sat|december 23-24, 2016

Outstanding... from page 6

From the dilapidated building to new and more buildings, Ipang commits to giving excellent service to the clients. She also repaired and renovated some RRCY facilities and amenities to pave the way for a conducive rehabilitation center for CICLs. This include the construction of as new building which now serves as the administration building of the center, making the homelife area safe and spacious for the residents to live in, completing the guest house. The extension area of the administration building now serves as the venue for learning like the conduct of skills training, lectures, meetings, and many other purposes. B a s e d o n P S U ’s obser vation, RRCY has tremendously evolved from a mere stop-over of CICLs to a world class rehabilitation center. Ipang has contributed to the over- all impact of the center's operation and achievement as Level III accredited center. Resource Generation Ipang mobilized resources for t h e c ompl e t i on of the second floor of the administration building. The Department of Public Works and Highways based in Gingoog City pledged for its construction and completion of a building, involving the total amount of P2 million.

She has inked a memorandum of understanding for its completion. In addition, DSWD hired good and competent staff assigned at the center that complements Ipang’s quest for transformation of the center and processing the lives of the residents. They comprise the team in providing wholistic approach to the residents. They still use and apply the therapeutic community and milleu therapy as part of the approaches of the staff in dealing the multi-faceted problems of the residents. These approaches have contributed to the zero to two percent performance as far as abscondence of wards is concerned. Abscondence is an act of clients of the center leaving without permission. This is a clear indication that residents have been enjoying the quality of care bestowed upon them by the staff, thereby making them comfortable, safe, and secured. Recognition and commendation RRCY under Ipang’s received commendations from DSWD Central Office for attaining the highest standard of accreditation, the Level Three (3) or as a center of excellence. The said accreditation was made in December 2015. The commitment for excellent ser vice to the clients never ends with the recognition and honor received. Ipang and the rest of the staff maintained the level

of excellence. In November 2016, The Standards Bureau of DSWD monitored and assessed the recent operation of RRCY and it found out that the center has maintained it world class quality of service and programs to the clients. “The strong leadership of Ipang is evident and this could be attributed to her over-all performance as the center manager, garnering an outstanding performance over and above other centers/ facilities run and managed by DSWD Field Office 10,” said Assistant Regional Director for Administration, Manuel M. Borres. B orres added that RRCY-10 stands as one of the most prestigious centers in the Philippines, a facility which can be called a social laboratory where private organizations, nongovernmental organizations and government organizations will look upon for possible replication. More ove r, case management process and records keeping are wellorganized and monitored. The intervention program of each resident is based on their psycho-social needs thereby rehabilitation of CICLs admitted in the facility.

Bank... from page 7

in the private sector. However, signing up for the PERA is voluntary, against the automatic salary deductions for GSIS and SSS premium payments.

Under the law, a Filipino can contribute up to a maximum of P100,000 yearly under the PERA, but the amount may be as much as P200,000 for overseas Filipino workers. A qualified contributor may place money in five PERA accounts at once across five recognized investment products such as trust funds, mutual funds, insurance, preneed, government bonds and listed equities, for the money to grow. In turn, the individual can enjoy a 5% tax credit that can be deducted in his/her annual tax liabilities to encourage saving up for the future. The contributor may claim his or her income generated from PERA contributions once the individual reaches the age of 55 on a periodic or lump sum basis or has contributed to the investment product for at least five years. Proceeds from PERA contributions would be taxfree up to the P100,000 cap, and may be reinvested unless withdrawn ahead of retirement. Landbank saw an almost flat growth in its income as of September, but moved closer to its full-year target following steady expansion seen throughout the year. The state-run bank reported a net income of P10.3 billion for the period, almost unchanged from last year’s P10.27-billion earnings but still bringing it closer to its P13.5-billion fullyear income target. The tally also exceeded the period’s target of P10.13 billion in earnings.

Angeles Sisters NHS wins in various Contests By ROSANNA Q. UBALDE, Ph.D.

Joel N. Salon, a Senior High School student of Angeles Sisters National High School won First Place in the Interschool Statistics Olympiad spearheaded by the Philippine Statistics Office, Cagayan de Oro City Chapter in celebration of the 27th National Statistics Month with the theme: Sustainable Development: Making Statistics Count” held on October 20, 2016 at the 2nd Level Activity Center, Limketkai Mall, Cagayan de Oro City. Together with his coach Myrna A. Amoguis and our School Principal Rosanna Q. Ubalde, Ph. D. he brought home a trophy, certificate of participation and cash prize courtesy of the sponsors and partners of the said prestigious event. On the other hand, three

Grade 10 students won the “2016 Philippine Federation of Credit Cooperatives Manila League (PFCCO-ML) Educational Contests with the theme: “Cooperatives: Catalyst of Change for Poverty Eradication and Social Transformation” held on November 4, 2016 at the Capitol Ground, Cagayan de Oro City. Bob Philip A. Alberca together with his coach Julieta M. Suansing won 2nd Place in the Poster Making Contest , Rovi Mae T. Besa won the 3rd Place in the Oratorical Contest, and Rica E. Penaflorida won 2nd place in the Quiz – Bowl Contest together with their coach Eva P. De Los Santos. They received a trophy, certificate of participation and cash prize. Lastly, in the recently

Julieta M. Suansing (coach), Rica E. Penaflorid (2nd from left) Rovi Mae T. Besas (center), Bob Philip A. Alberca (2nd from right), and Mrs. Eva P. De Los Santos (coach).

concluded 2016 English Extravaganza and Read A- Thon held on November 28, 2016 at Fr. William F. Masterson S.J. Avenue Upper Balulang, Cagayan de Oro City our Grade 11 student Vonn Francis F. Cantila together

with his coach Cherryl A. Virtudez won the Third Place in the Infomercial Contest. He received a certificate of recognition of the said event. Congratulations Angels for giving pride and honor to our school!

Vonn Francis F. Cantila (2nd from left) his coach Mrs. Cheryll A. Virtudez (2nd from right).

Joel N. Salon (center) with his coach Mrs. Myrna A. Amoguis (3rd from left); and ASNHS School Principal Rosanna Q. Ubalde, Ph.D. (2nd from left).


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

fri-sat|december 23-24, 2016

9


10

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

fri-sat|december 23-24, 2016

Globe Telecom’s viral Star Wars video garners over 41 Million views W

Raises awareness in partnership with The Philippine General Hospital for the rehabilitation of its pediatric clinic

ith the global anticipation of the new Star Wars movie, Rogue One: A Star Wars Story, the country’s #1 mobile brand, Globe, reinforces its partnership with the iconic movie franchise

through a heartwarming video inspired by triumphant children. Now a viral material since its launch on the telco’s official Facebook page, it has over 41 million views and has been recognized by top

A snippet from Globe Telecom’s #CreateCourage video.

The children of the PGH pediatric ward trying on the Stormtrooper helmets.

online news outlets such as CNN, Mashable, Huffington Post, and UpWorthy, among others. The video tells the story of a girl who goes about her every day wearing a Stormtrooper helmet that ultimately piques the curiosity of people around her. One day, she enters her classroom and is surprised that her whole class too was wearing the same helmets, showing her support. This then leads to the heartwarming reveal of the girl’s condition when she takes off her helmet to reveal the oxygen mask. Beautifully demonstrating a child’s resilience and triumph over challenges, the video garnered praise from all over the world, especially from the Star Wars community of fans. Ultimately, the video was produced to raise awareness for the company’s partnership with the Philippine General Hospital (PGH). Apart from just promoting the new

Star Wars movie, Globe puts more meaning and community involvement into its campaign by collaborating with PGH to raise awareness for the rehabilitation of its pediatric clinic. The rehabilitation of its facility will give children patients a more equipped space ideal for their recovery. “They say courage does not always roar. Sometimes courage is the little voice at the end of the day that says I’ll try again tomorrow. Out to make a difference, we want to pay tribute to the real heroes of today – the triumphant kids at the PGH Pediatric Ward. These heroes courageously battle through cancer every day, and we are more than proud of all of them. This inspired us to put more meaning to the Star Wars campaign by actually empowering our customers to lend a helping hand through donations right on their mobile device. Prepaid and Postpaid customers will easily be able to

Stormtroopers giving away gifts, food, and Globe’s wonderful surprises for the children.

donate using their prepaid load or charged to their postpaid bill,” shares Issa Cabreira, Globe Senior Vice President for Consumer Mobile Business. In line with its support for the PGH, Globe representatives and ambassadors recently visited the kids at the PGH Cancer Institute to give a day full of surprises. From good food to exciting gifts for the kids, Globe organized a fitting finale to its visit by surprising the kids and their families

with the appearance of Stormtroopers! These volunteers were from the 501st Legion dressed in full Stormtrooper gear that provided entertainment for all kids. Customers who want to help join the movement to create courage for our everyday heroes can learn more about how they can donate by visiting www. globe.com.ph/surf/ rogue-one. Follow @ enjoyGLOBE on Twitter and Globe Telecom on Facebook for #RogueOnePH updates.

Globe Business advances the expansion of the contact center industry in PH As innovations rise and industries become more competitive, businesses are faced with the pressure to produce the next “big” idea and still be able to provide reliable customer support. But juggling these two different aspects can exhaust a company of its resources and keep it from focusing on its vision. In order to constantly come up with better products, businesses have opened up doors for IT-BPMs— specifically, contact centers— to flourish and undertake the crux of any enterprise— its customers. The contact center industry, which is expected to earn $25 billion in revenues this year, is especially thriving in the Philippines— contributing to 10% of the economy and creating

employment for more than 1 million Filipinos. In fact, the country has been dubbed the “Ultimate Customer Experience Paradise” in the 11th International Contact Center Conference & Expo (ICCCE) where Globe Business, the enterprise information and communications arm of Globe Telecom, acted as co-presenter. According to Benedict Hernandez, President of the Contact Center Association of the Philippines (CCAP), there are many reasons for foreigners to land their investments on the contact center industry. Aside from having “a very supportive business environment”, the country is growing a young population that has mastered the English language and has a natural

liking for different cultures, not to mention a “worldclass service centricity”. Although the industry’s essence

revolves around customers, contact centers are now shifting to more complex jobs, leaving low-skill work like data

entry, assistance and processing to machines. Mike Frausing, Globe Senior Advisor for Enterprise and ITEnabled Services Group, mentioned during his speech at the 11th ITCCCE, “Companies are now cutting down on costs and making processes more efficient. Tasks that were once done by several people can now be delegated to gadgets, which are operated by one person,” In addition, Frausing said “Nonetheless, this transformation does not mean a decline on the employment rates. The change brought about by technology will help the contact center industry grow beyond customer care. This is a chance for Filipinos in the industry to be trained for more Globe Senior Advisor for Enterprise and IT-Enabled Services technical jobs in Group Mike Frausing delivering his welcome remarks to finance, human the participants of the Investor’s Night.

resources, data analytics and IT development.” Because of the industry’s optimistic future, contact center companies are looking into expanding outside Manila and hiring skilled workers in the provinces. Globe Business is addressing the need for connectivity solutions by providing IT-BPM companies with a wide service portfolio ranging from domestic data services to trans-continental voice connectivity and even allowing information storage at the Globe Data Center. In fact, Globe Business has invested around US$500 million to extend its corporate data network, allowing enterprises in the contact center industry to provide remarkable customer support, therefore, sealing customer loyalty.


11

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

fri-sat|december 23-24, 2016

X’mas... from page 1

Eastern Orthodox icons depicting Jesus Christ. The labarum, also known as the Chi-Ro, an amalgamation of the two Greek letters rendered as ☧, is a symbol often used to represent Christ in Catholic, Protestant, and Orthodox Christian Churches. Simi l arly, t his s ame Greek letter is also used in other words like “Xtian” and “Xpian” as an abbreviation for Christian for the same duration. The Oxford Eng l ish Dictionary (OED) and the OED Supplement have cited usages of “X-” or “Xp-” for “Christ-” as early as 1485. The terms “Xtian” and less commonly “Xpian” have also been used for “Christian”. The OED further cites usage of “Xtianity” for “Christianity” from 1634. In ancient Christian art, χ and χρ are abbreviations for Christ’s name. In many manuscripts of the New Testament and icons, Χ is an abbreviation for Χριστος, as is XC (the first and last letters in Greek, using the lunate sigma; compare IC for Jesus in Greek. Un for tu nately, mo st probably because of its widespread use in commercials and other Christmas season advertising and marketing, many people have inadvertently interpreted the term Xmas as an informal abbreviation of the word “Christmas” and even pronounce it as / ˈɛksməs/. There is a prevalent and persistent misconception that the word Xmas stems from a secular attempt to remove the religious tradition from Christmas by taking the “Christ” out of “Christmas”. In the United Kingdom, the former Church of England Bishop of Blackburn, Alan Chesters, recommended to his clergy that they avoid the spelling. In the United States, in 1977 New Hampshire Governor Meldrim Thomson sent out a press release saying that he wanted journalists to keep the “Christ” in Christmas, and not call it Xmas—which he asserted was a “pagan” spelling of Christmas. Dennis Bratcher, writing for a website for Christians, states “there are always those who loudly decr y the use of the abbreviation ‘Xmas’ as some kind of blasphemy against Christ and Christianity”. Among them are evangelist Franklin Graham and CNN journalist Roland S. Martin. Graham stated in an interview: “for us as Christians, this is one of the most holy of the holidays, the birth of our savior Jesus Christ. And for people to take Christ out of Christmas. They’re happy to say merry Xmas. Let’s just take Jesus out. And really, I think, a war against the name of Jesus Christ.” Martin likewise relates the use of “Xmas” to his growing concer ns of incre asing

c ommerc i a l i z at i on and secularization of one of C h r i s t i a n i t y ’s h i g h e s t holy days. Bratcher posits t hat t hos e w ho disli ke abbreviating the word are unfamiliar with a long history of Christians using X in place of “Christ” for various purposes. According to MerriamWebster’s Dictionar y of English Usage, most of the evidence for these words c om e s f rom “e du c at e d E ng l ish me n w ho k ne w their Greek”. It further states that its modern use in advertisements, headlines and banners is extensive because its conciseness is valued. The association with commerce “has done nothing for its reputation”, according to the dictionary. B e s i d e s t h e an c i e nt writings, Xmas has also been extensively used in many countries and cultures in the centuries predating its extensive use in media. Following are just a number of instances once can easily access from its URL in Wikipedia http:// en.wikipedia.org/wiki/Xmas: E arly use of “Xmas” includes Bernard Ward’s History of St. Edmund’s college, Old Hall (originally published circa 1755). An earlier version, “X’temmas”, dates to 1551. Around 1100 the term was written as “Xp̄es mæsse” in the Anglo Saxon Chronicle. “Xmas” is found in a letter from George Woodward in 1753. Lord Byron used the term in 1811, as did Samuel Coleridge (1801) and Lewis Carroll (1864). In the United States, Oliver Wendell Holmes, Jr. used the term in a letter dated 1923. Since at least the late 19th century, “Xmas” has been in use in various other English-language nations. Quotations with the word can be found in texts written in Canada, and the word has been used in Australia, and in the Caribbean. Citations of the aforementioned uses may be referred to at the end of this same cited entry in Wikipedia. Besides its extensive use in the abbreviations for Christ and Christmas, Wikipedia also cites how other proper names containing the name “Christ” are abbreviated similarly, either as “X” or “Xt”, both of which have been used historically, e.g., “Xtopher” or “Xopher” for “Christopher”, or “Xtina” or “Xina” for the name “Christina”. In the 17th and 18th c e nt u r i e s , “X e n e” a n d “E xe ne” we re c om mon spellings for the given name Christine. The American singer Christina Aguilera has sometimes gone by the name “Xtina”. (This article has been sourced from online sources. The reader is encouraged to surf the internet to verify for himself the abovementioned citations) Caption for graphic: The labarum, often called the Chi-Rho, is a Christian symbol representing Christ.

Durian...

2017...

and other countries in signed bilateral agreements. Around 40 percent of durian productions in Davao City were destroyed by the long dry spell that affected most of agricultural lands in Mindanao from the last quarter of 2015 to early parts of this year. On the problem of noninclusion of durian, Miculob pointed out that only mango, banana, pineapple and papaya are included in the list of fruits that are for export to China. He added that the council has already requested the Philexport to discuss with the Export Management Bureau of the Department of Trade and Industry (DTI) to include durian in the list of fruits for export to China. “If durian will be included in the list of exportable fruits to China then we can directly ship our products to our buyers,” Miculob stressed. He said that the shipment of the four container vans of processed durian to China this year was coursed through other markets in Thailand because they cannot directly ship the same to their buyers. “ We a r e a t t h e disadvantaged side on that situation because of the extra expenses that we incurred in the process of coursing our products to Thailand before reaching our buyers in China,” he lamented. Miculob also aired the industry’s need for more support from the government in order to improve their production to meet the increasing demand for durian in the international market. “We requested the city agriculture office in Davao City to add 2,000 to 3,000 hectares of agricultural lands for durian plantation,” he said. The durian council, which has 18 registered members, covers only around 150 hectares of lands devoted to durian, with an estimated yearly production of eight tons per hectare. Davao City has a total land area of 2,800 hectares planted to durian, Miculob added. Vo l u m e i n d u r i a n production starts in July until October while lean months run from February to April each year. Another support the council asked from the government is the provision of processing facilities. “We have an existing request at the DTI for bigger production facilities not only for durian but also to other fruits,” Miculob said. The high demand for processed durian in China will require huge processing facilities for growers as it will eat up around 60 percent of durian production in Davao City. “If the delivery for China is materialized, only 40 percent of our durian production will be left for local consumption and market,” he added. Miculob also encouraged other durian growers in nearby provinces to increase their areas of durian production. (PNA)

He said that he is elated that the government is spending more for infrastructure projects in the city, which he believes will further the development of the city as the infrastructure will cater to the new locators. The business leader also encouraged homegrown developers to embark into developing more commercial spaces to support the possible deluge of new investors. The Department of Labor and Employment (DOLE) 11 reported that the third qu ar te r u ne mpl oy me nt rate this year dropped to 3.6 percent as compared to 5.6 percent during the same period in 2015. The same DOLE 11 report showed that unemployment rate was at 6 percent in 2012, 6.9 percent in 2013, and 5.6 percent in 2014. The employment rate in the region, according to the DOLE 11, was recorded at 96.4 percent in the third quarter this year, higher than last year’s 94.5 percent. Outgoing DCCCII president Bonifacio Tan said that 2016 is a good year for the city because it earned much attention that it needs to further the growth. “During the first quarter, it was more of a speculation – more on the electionrelated reaction and more on how [President Duterte] is performing,” he said. He believes that reforms that have so far been made by the present administration, like improving the collection mechanism of agencies such as Bureau of Internal Revenue and Bureau of Customs, will hike the collection targets of the government which will redound to higher budget for the local governments in the form of internal revenue allotment (IRA). But Tan said that the proposed adjustment on business and real property taxes in the city council will be one of the issues that needs to be addressed. He said that chamber’s incoming chairman, Antonio dela Cruz, will continue working with the local council to thresh out adjustments in local taxes. Dela Cruz was also DCCCII chairman for two terms – in 2014 until 2015. He appealed that tax adjustments be made “reasonable” so that it will not burden the local businesses and residents nor discourage investors from coming in. (Antonio L. Colina IV / MindaNews)

from page 1

from page 1

Housing... from page 2

The consecutive wins of Tagum City are due to the impressive record sustained by the Local Housing Board in providing the Tagum constituency with quality housing programs. Atty. Angel Olastro III, HUDCC’s Undersecretary, said that the housing and anti-squatting drive is one of the many tools of the government in ensuring a

transparent and participatory administration. Meanwhile, Engr. Castor also shared to the crowd the best practices of Tagum’s housing board and the many programs implemented in the city which were fastened in helping Tagumenyos who do not have permanent domiciles. S u c c e e d i n g Ta g u m City’s rank is Angono, Rizal followed by Island Garden City of Samal. The LGUs that received the special citations were Kidapawan City, Malabon City, Tagaytay City and Municipality of Tanay. (Roy Banias/CIO Tagum)

Baños... from page 4

of Agus and Pulangi to the poorest of the poor in Mindanao to help develop t h e s e d e pre s s e d are a s . Per the good secretar y’s statement, that covers the Autonomous Region in Muslim Mindanao (ARMM) region, the Lanao area and Maguindanao. If the cheap electricity coming from the AgusPulangi complex is to benefit the poorest of the poor, the good secretary should ask his staff to take a closer look at the above numbers before generalizing that the poorest of the poor are only found in the Moro regions and provinces. If this administration is going to honor its campaign promise of development by inclusion, then all the poor of Mindanao should benefit from policies aimed at benefiting that s o cio- e conomic s e c tor. The numbers attesting to a decade of neglect cannot lie, and adding six more years to that could ver y well be the straw that finally breaks the carabao’s back. -I N D N J C -

Batas... from page 4

answer showed that He was willing to come down and save His people Himself ! This was His proof of His love, and of His incarnation as Jesus! -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.

Globe... from page 5

cities and municipalities in the country within a 3-year period, as committed to the National Telecommunications Commission (NTC). G l o b e S e n i or Vi c e Pre s i d e nt for Pro g r am G over nance, Network Technical Group Joel R. Agustin said majority of the company’s 700-MHz LTE cell sites were deployed

mostly in Metro Manila and other highly populated areas, where majority of customers using LTE-based handsets are located. He s ai d G l ob e a l s o activated 900 additional LTE sites using the company’s additional spectrum a l lo c at ion in t he 2600 megahertz band, Globe began deployment of LTE sites using the 700 MHz band in June, following its joint acquisition of the telecommunications assets of San Miguel Corp., with PLDT, Inc., worth P69.1 billion.

Solar... from page 7

electricity consumed. He said ownership of the panels would be turned over to the BSP after 15 years. “We’re hoping that this will also pave the way for and inspire other government agencies to have solar power and not to depend on other sources of power,” he added. (PNA) EXTRAJUDICIAL SETTLEMENT OF ESTATE OF DECEASED PERSON KNOW ALL MEN BY THESE PRESENTS: This instrument, made and entered into by and among: ELVIE J. BADUEL, widow, IRENE BADUEL, JEAN J., BADUEL, all of legal ages, singles, Filipino and residents of NHA Molugan, El Salvador City, Misamis Oriental, herein-referred to as the HEIRS; Witnessed: That on January 21, 1995 at NMMC, Cagayan de Oro City, FRANCISCO BADUEL JR., died intestate leaving a certain parcel of land more particularly bounded and described, to wit: ‘’A PARCEL OF LAND Lot 24, Block 3, situated at NHA, Molugan, El Salvador City with an area TWO HUNDRED TEN (210) SQUARE METERS, more or less.’ That at the time of the death of the above-named decedent he left no known debt, whatsoever and this instrument does not involve personal property as none was left by the above-named decedent at the time of his death; That the HEIRS herein being his surviving wife and children are the only forced heirs of the said decedent; That it is to the best interest of the said HEIRS and of the estate of the above-named decedent, that the herein-above described parcel of land thereon, be adjudicated unto divided and partitioned by and among the said HEIRS; Under the Notary Public of EMMANUEL A. AKUT, per Doc. No. 72; Page No. 16; Book No. 130; Series of 2015. BWM: Dec.23, 30 & Jan. 6, 2016

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


12

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

fri-sat|december 23-24, 2016


Turn static files into dynamic content formats.

Create a flipbook
BusinessWeek Mindanao (December 23-24, 2016) by Mindanao Daily News - Issuu