BusinessWeek Mindanao (December 28, 2016)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 091

Market Indicators

As of 6:10 pm December 27, 2016 (Tuesday)

FOREX

PHISIX

US$1 = P49.812

6,658.20

9.6

X X Briefly

cents

64.53 points

CdO’s Infotech projects INFOTECH Outreach Program to be implemented in Cagayan de Oro. The 18th City Council, during its 20th Regular Session, presided over by Acting City Mayor Raineir Joaquin V. UY enacted Ordinance No. 13155-2016 authorizing City Mayor Oscar Moreno to enter into and sign the Memorandum of Agreement by and between the City Government, PLDT Inc., and the Department of Education, this City, relative to the implementation of the 2016 PLDT Infoteach Outreach Program. The laudable nationwide project of PLDT is part of its corporate social responsibility advocacy and intended to raise, improve and enhance the knowledge of public school students in the field of information and communications technology.

YOUR Mindanao-wide BUSINESS paper

RELIABLE

IN-DEPTH

Influx of halal exports expected next year www.businessweekmindanao.com

P

By MARK D. FRANCISCO, Staff Writer

RESIDENT Duterte’s Southeast Asian swing has started to gain leverage as far as the Department of Trade and Industry (DTI) is concerned. DTI-10 director Linda O. Boniao reported over the weekend that many Asean countries are getting interested to import both food and non-food products from Northern Mindanao. T h e As s o c i at i o n o f Southeast Asian Nations (Asean) members that Mr. Duterte had visited so far since he assumed office in June were Laos, Indonesia, Vietnam, Brunei, Thailand, Malaysia, Cambodia and Singapore.

Indonesia and Malaysia are predominantly Muslim while Thailand and Singapore also has a booming Muslim population. With this, Ms. Boniao said that DTI will be tapping more halal certifiers in 2017 to accommodate the influx of the growing halal exporting business. For now, the region’s main exports are coco products, but Ms. Boniao said that her counterparts in the halal/PAGE 11

NATIVE HANDICRAFTS. Lumads from the highlands of Mindanao sell handcrafted items made of indigenous materials in downtown Iligan City during Christmas Day. MindaNews photo by Bobby Timonera

Oro’s ICT Summit to update 2022 roadmap By MIKE BAÑOS, Editor-at-Large

More farmers loans THE Land Bank of the Philippines has committed to drastically increase lending to small farmers and fisherfolk from P37.9 billion to P115 billion over the next six years, in keeping with President Duterte’s goal of dispersing the benefits of growth to the countryside through the development of the farm sector. New LANDBANK president Alex Buenaventura said that to accomplish this goal, he will initiate a “reengineering” of the credit facilities for small stakeholders in the agriculture sector, and encourage them to enter into “corporatives.” Under his proposal, a corporation would be formed to manage the consolidated farms of small farmers who wish to take part in the corporative. The corporation would be owned 40 percent by LANDBANK and 60 percent by participating commercial banks. The farmers would provide the manpower to keep their lands profitable.

P15.00

Wednesday | December 28, 2016

SHOW OF FORCE. New People’s Army guerrillas march during the 48th founding anniversary of the Communist Party of the Philippines in the hinterland village of Lumiad in Paquibato District in Davao City on Monday, December 26. Mindanews Photo

THE Cagayan de Oro ICT Business Council will host the ninth staging of the National ICT Summit on still to be decided dates in November next year, in recognition of its status as a leading “NextWave City” Stephanie P. Caragos, Cagayan de Oro ICT Business Council Chair who was recently elected

National President of the National Confederation of the Philippines (NICP) will also oversee the Summit chaired by Alexander G. Paras. “Luzon, Visayan and Mindanao take turns in chairing the NICP,” Caragos said. “From 20 plus councils in Mindanao, we selected who will sit in the national board. There are four of us

and the consolidated board chooses who among us will be president.” High on the agenda f o r t h i s y e a r ’s N I C P working agenda will be implementing programs in the countryside in close coordination with the new Department of Information & Communication Technology (DICT), implement the ICT Road Map 2022, increasing summit/PAGE 11

Young cadres take on the reins of revolution By FROILAN GALLARDO, MindaNews

MANANOM-BAGO, Medina, Misamis Oriental — Carrying an M16 rifle and a bandolier of spare ammunition, Jaito, a 22-year-old New People’s Army fighter, walked toward the back of a makeshift stage where a couple of journalists were waiting for him. “I heard you need somebody to interview,” he told reporters who went to this village to cover the 48th anniversary celebration of the Communist Party of the

Philippines on Monday. Jaito is among the new generation of NPA fighters of the CPP, which has espoused t he pr i ma c y of ar me d struggle against “feudalism, imperialism and bureaucrat capitalism” since its founding 48 years ago. After an exchange of pleasantries, Jaito narrated how he left a life of poverty and unemployment as a son of a poor farmer to join one of the world’s longest-running

communist rebellions. “My family was poor and my life was going nowhere, “ he said. So when one of his friends asked him whether he would join the NPA, Jaito said he readily agreed. A year later, he became one of the trusted cadres in charge of a platoon of twenty men and women, mostly in their 20s and 30s, roaming the rugged mountains of Misamis Oriental. “ T he N PA prov id e d cadres/PAGE 11

YOUNG FIGHTERS. New People’s Army rebels perform a cultural presentation at the CPP/NPA’s 48th founding anniversary in barangay Mananom-Bago, Medina town, Misamis Oriental. MindaNews photo by Froilan Gallardo

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

Economy 2 Abaca boosts PH DTI puts up 19 Negosyo economy, says PhilFIDA Centers in Caraga Region

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

wednesday|december 28, 2016

By RECTHIE T. PACULBA, Contributor

B

By PAT SAMONTE, Caraga Bureau Chief

U T UA N C i t y - T h e D e p ar tm ent o f Tr a d e a n d Industr y-Caraga (DTICaraga), in partnership w ith lo c al government units (LGUs), has established 19 Negosyo C enters in the reg i on. The centers are strategically located in five provinces to bring b u s i n e s s d e v e l o pm e n t ser vices closer to the people. As of Nove mb e r 1 0 , 2016, six cities and nine municipalities have

Negosyo Centers. These centers provide various business development services such as: business registration, business a d v i s o r y, t r a i n i n g s , business information and i nve st me nt promot i on . Services provided are free. DTI-Caraga encourages the public to visit the nearest Negosyo Center. Negosyo C enters are established as provided for in R.A. 10644 known a s t h e “ G o N e g o s y o” Ac t aut hored by S en. Bam Aquino which was

approved on Juy 14, 2014. T h i s a c t m a n d at e s t h e establishment of Negosyo Centers in all provinces, cities and municipalities. Me anw hi l e, DT I has extended 156 Shared S er vice Facilities (SSF) for the use of Micro, Small and Medium Enterprises in Caraga. From 20142016, the agency approved and released P85 million worth of SSF to enhance business operations of the region’s MSMEs. These shared ser vice facilities supports the following sectors: processed food, arts

and crafts, creative i n d u s t r y, b a k e r y, a n d other agri-processing. Equipment provided includes packaging and l a b e l i n g . T h i s proj e c t is implemented through p e op l e’s org an i z at i on s , NGOs, industry associations, schools, and local government units. To date, there are more t h a n 7 , 0 0 0 e nt e r pr i s e s that have benefited from the various shared service facilities established in the region. These facilities, which are operated and managed by the partnercooperators, are available for use by the enterprises with a minimal fee to cover operating and maintenance cost.

W I T H a g re at m ar ke t worldwide, the Philippine Fiber Industry Development Authority (PhilFIDA) urges entrepreneurs and farmers to engage in abaca production and further help in shaping the country’s economy. During the TrainingSeminar on Abaca Planting Material Propagation and Accreditation of Abaca Plant Nurseries on December 21, PhilFIDA-10 Acting Director Aida M. Robas said that the abaca fiber produced in the country supplies 86 percent world demand for fiber and the remaining 14 percent comes from Ecuador and Costa Rica. “Mas daghan man ta diri kalasangan, kabukiran ug volcanic soil nga mas kinahanglan sa abaca (We have more forests, mountain

areas and volcanic soils here in the country that are needed in growing abaca),” Robas added. PhilFIDA also stressed that for the last five years, the country has been able to produce 65 metric tons of fibers and 38 percent percent of supply comes from Bicol while northern Mindanao only contributes 4.5 percent of such number. Hence, the fiber development agency encourages enthusiasts to boost the production of abaca especially in the region since the Newtech Pulp Inc., noted as the biggest manufacturer of cordage, rope and twine, is situated in Balo-I town, Lanao del Norte. “Daku kaayo atong chance kung kita diri mismo ang abaca/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

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

3

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

wednesday|december 28, 2016

Enjoy The Chilly Weather T

here are a lot of fun activities for couples to do on a chilly weather. You guys can stroll in the park, have a good run, enjoy nature or just cuddle in bed at home. It’s not as boring as it sounds especially when you can do things

to spice up simple plans. Like when you stroll in the park, you can turn it into a small picnic, talk about stuff and just enjoy the company of each other or when you cuddle in bed, instead of your usual routine, why not spice it up with surprise and excitement? Why not spice it up with Robust? Robust is a dietary supplement for men made up of ingredients that according to studies, may provide different health benefits because these

ingredients may help boost fertility, aid in cardiovascular problems, ease musculoskeletal pains and even help avoid impotence. With Epimedium Extract, L-Arginine, Songaria Cynomorium, Gamma Amino Butyric Acid, Robust will make sure your intimate relationship has fun and spontaneity! Note that, Robust is not a medicinal drug and should not be used to

treat the symptoms of any disease. Robust is high content Epimedium, L-Arginine, Songaria Cynomorium, Gamma Amino Butyric Acid that is made more effective than powdered ingredients. It is a product of extensive research and development with top quality from the collaborating group of ATC Healthcare International Corporation, Phil.

United Pharmaceutical Corporation (PUPC) and The Bioscience and Technology Business Center together with KanPro Research Incorporated in the University of Kansas. Robust should be taken 1 tablet 1-2 hours with an empty stomach before engaging into an intimate activity. Intake of any alcoholic beverage is not advisable. Not

recommended for ages 18 & below. Robust is SRP P55.00 per tablet, available at all Mercury Drug and other leading drugstores and supermarkets nationwide. For more information about Robust, visit www. facebook.com/ ATCrobust or call ATC Healthcare Customer Care at 805-5888, 4035888, 0909-3333333 and 0917-5623333.

4

Opinion

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

wednesday|december 28, 2016

Lighting up Lanao

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

Success is Mostly Failure Think a minute…A successful man said: “Success is mostly about failing.” What we don’t know about the world’s most successful people is the many times they failed before they finally succeeded. Successful people know how to keep going and learning from their failures until they finally reach their goal. As a famous entertainer put it: “If you want the rainbow, you’ve got to put up with the rain.” This is a true story of a man who when he was 22 years old failed at business. The next year he tried for public office in the government and lost; so he tried again at business, but failed at that again. Then, at age 25 he tried for government office again and this time he won. But the next year his wife-to-be died, and at age 27 he had a nervous breakdown. In the next 7 years he tried for government office 3 more times and lost all 3 times. Then 3 years later, at age 37, he tried again for government office and finally won. But only 2 years later he lost it again. In the next 10 years, he tried 2 more times for the Senate and lost both times. Then he tried for Vice President and lost that also. Finally, 2 years later, at age 51, this man was elected President of the United States. Today, he is considered

THINK

A Minute

Jhan Tiafau Hurst by many Americans to be the greatest President in America’s history. This is the true life story of Abraham Lincoln. Failing should make us better, not bitter. You can tell how strong a person is by how much failure it takes to stop him or her from continuing to try. Jesus Christ wants to give you His inner strength in your heart and character, so you will be able to handle your life’s difficulties and disappointments. In fact, you will actually learn to use them to make you stronger and wiser. Jesus wants to guide and help you reach the real success He created you to enjoy, both personally and professionally. So won’t you ask Him to take full charge and control of your life every day, for the rest of your life? Just Think a Minute…

If Energy Undersecretary Benito L. Ranque has his way, the sitios and municipalities in Lanao del Sur which have remained without electricity since the first Agus hydroelectric plant was set up in 1950 will soon be energized. Task Force Lasureco (TFL) was organized in August 2014 mandating the National Electrification Administration to rehabi l it ate t he L ana o del Sur Rura l E le c t r ic Cooperative to revamp the coop’s management and administration. Ranque has been appointed to head the TFL and LASURECO as General Manager. Former National Commission on Muslim Filipinos Commissioner Solaiman Mutia will be his Assistant General Manager. NEA has also recommended Piagapo Mayors Sumandar and Lumbatan Mayor Allan Lao as co-vice chairpersons. In a recent meeting presided by Vice Governor Mamintal Adiong Jr, Lanao del Sur Second District Rep. Mauyag Papandayan cited the long unlighted coastal areas of Malabang and nearby towns in his district. Outgoing Lasureco GM Solaiman Mutia reported the TFL has successfully decreased transmission charges from P11-million (M) to P1-M after tapping the distant Abaga plant to Agus 1; metered 36,000 households,

renewed relations with LGUs and stakeholders, and energized Lumbayanague, Lumbatan and the partial electrification of Bayang, Tubaran and Second District towns. Engr. David A. Tauli, president of the think-tank advocates group Mindanao Coalition of Power Consumers (MCPC) commented that Ranque is not afraid to take on tough assignments but that “increasing the number of connections will be of little use if we cannot make affordable power available to the households. That can be done only through the FIT program, by implementing solar PV and small hydro projects throughout Lanao Sur.” Samira Ali GutocTomawis, chairperson of the Kazalimbago Movement, lauded the TFL’s initiative to pursue individual metering since it removes the accountability for electric bills from barangay chairmen and mayors or cluster leaders who used to “sponsor” the household accounts in their respective areas. She suggests the following ‘vital” legislative and followup actions, among them: explore options on how Lanao and Marawi City can be allowed to condone the ballooning (est. at P10Billion) principal and interest payments as host of the Agus Hydroelectric Complex; enforce Energy Regulation

1-94 which mandates host communities receiving a share of the revenues to fund socio-economic development of the watershed and rehab of the power facilities; and conducting an IEC (information-educationcommunication) campaign especially for individuals/ communities hosting t r ans m i s s i on f a c i l it i e s to prevent the malicious planting of trees and other structures along transmission facilities Right-of-Way. “While we Meranaws demand justice as consumers, we must also show good faith in allotting from our hard-earned share for usage. Islam is a way of life, thus every decision, every action must have good intentions, including paying your debts, she said. We must also protect the facilities that produce our electricity,” she stressed. Meantime, energ y consultant Engr. Titing Atar cited positives in the Lanao energy situation such as Lasureco having the lowest power rate in the entire country today at only Php 6.15 to 6.50 per kilowatt hour (kWh). He believes that because the LGUs of Lanao del Sur and Marawi City are the host LGUs of the main reservoir of the Agus Hydroelectric Complex, they are entitled to a share of the national wealth, and the host LGUs of the Hydro-power stations, (Agus 1 & 2 Hydro-power Complex)

H ammer

and

A nvil

By Mike Baños

also entitles Marawi City and Saguaro, Lanao del Sur. However, again citing ER 1-94, Atar said the elec tr icity rate for the Lanao area can be further reduced by filing a petition to the Energy Regulatory Commission (ERC) to apply the savings from the NGCP transmission charges of PHP 10 Million, more or less from the transfer of transmission of LASURECO from Abaga NGCP 69/kV station to the 50MVA 69KV of NGCP at Agus 1 Hydropower station; Encourage our Congressmen to file a bill in Congress to: 1) utilize the funds for the share on national wealth and the ER-1-94 to subsidize the power rate and rehabilitate the infrastructure facilities, its accessories and its management system; 2) oblige NGCP & MinGen to pay their respective Real property taxes and final taxes baños/PAGE 11

Understanding weather aberrations in December LIFE’S INSPIRATIONS: “… Once again the people picked up stones to kill him. Jesus said, `At my Father’s direction I have done many good works. For which one are you going to stone me?’ They replied, `We’re stoning you not for any good work, but for blasphemy! You, a mere man, claim to be God’…” (John 10:31-33, the Holy Bible). -ooo JESUS CLAIMS “I AND THE FATHER ARE ONE”: Many believers are insisting that when Jesus, our God and Savior, said in John 10:30 of the Bible that He and the Father are one, what He actually meant was that they are one, yes, but in their mission of saving souls. The Anak ng Diyos Kadugo Ni Kristo (AND KNK, or the Children of God Blood Kin of the Christ) Church however believes that when Jesus said He and the Father are one, He meant He is Himself God the Father! -ooo WHY DO TYPHOONS NOW COME IN DECEMBER? Filipinos of my age (by the grace of God, I turned 60 years old on December 16, 2016) couldn’t remember our Christmases, when we were still children believing in Santa Claus, b e i ng d e v a s t at e d w it h typhoons, strong rains, floods and storm surges, just like

what is happening now with Typhoon Nina. Christmas to us then was always calm, serene, and peaceful, and always filled with hope that no harm will come our way as we celebrated the birth of Jesus. It is therefore totally confounding to my generation to see that strong and deadly typhoons have become a normal occurrence during the Holiday Season, with people even getting killed because of the weather disturbance. The official explanation for this phenomenon is that global warming and climate change brought this aberration about, so that there is nothing we can do about it, except to bear and grin it, so to speak. This explanation maybe right, but it is not true that we can not do anything about it. Yes, there is something we can do to either stop the typhoons or abate their destructive effects. -ooo U N D E R S TA N D I N G WEATHER ABERATIONS IN DECEMBER: The first thing to do here is to understand that the coming of global warming and climate change, and of rains, floods, and strong winds, have been foretold long ago. Anyone can prove this by simply reading Deuteronomy 28:2324 and Matthew 7:24-27 of

the Bible. These verses are saying destructive weather conditions will come. On top of simply making the predictions, however, the foregoing verses also tell us that the weather change and the rains, floods and strong winds are coming for two compelling reasons: one, we are no longer listening to, and are no longer obeying, God’s commands. This means we are no longer reading His Bible, and are no longer complying with His Word. What then must we do to stop the further degradation of our weather condition and the onslaught of rains, floods, and strong winds? We are clearly told that we should listen to God and obey Him at all times. This is of course a most difficult thing to do nowadays, considering the almost universal turning away from God, but it is nice to know that are still those who are trying their utmost to be truthful to God and His commands. -ooo WHAT JESUS MEANT IN SAYING “I AND THE FATHER ARE ONE”: John 10:30 of the Bible is often misinterpreted by those who oppose the truth that Jesus is God and Savior, to either say that Jesus is not God or that He is a “lesser” God. Thus, they add words like “one in mission” or “one in “work”, which are not in the

K akampi

Mo A ng Batas

Atty. Batas Mauricio Bible anyway. But when we read John 10:31-33, it would be clear that when Jesus said He and the Father are one, what He actually said was that He was God, and the people then understood that He claimed to be God Himself. That was the reason why those people wanted to stone Him to death, believing He blasphemed by claiming He is God. This is one big proof that Jesus Himself said He was God! -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 HOURS a day, in the Philippines and the world at www.facebook.com/ 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.

5 PAL sees passenger PLDT completes 3 major volume to hit 13.5M ICT projects in Davao Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

wednesday|december 28, 2016

PHILIPPINE AIRLINES (PAL) expects to achieve its passenger volume target for the year and looks to ferry more travellers in 2017 with new routes and increased flight frequencies, its chief executive officer said. The Lucio C. Tan-led c ar r i e r e x p e c t s to e nd the year with a passenger volume of 13.5 million, a 13% increase from 11.9 million passengers it carried in 2015.“We will achieve the 13.5 [million],” PAL President and Chief Operating Officer Jaime J. Bautista said in a recent interview. Mr. B autista is even more bullish for next year, targeting 15 million passengers or around 11% up from 2016’s figures. “New routes, more destination, more frequency and China charters” will drive PAL’s expected expansion next year, he added. PA L i s pl an n i ng on expanding its international network further in the next two years, according to the Center for Asia Pacific Aviation (CAPA). The airline said it is looking to add more flights to Australia, China, US and Europe. In its report dated Nov. 30, the aviation think tank said PAL is eyeing nonstop flights for Brisbane and adding capacity for Sydney. The flag carrier is also said

CorporateWorld

to be planning a Chengdu route in China. CAPA said PAL is also considering adding a second European destination in 2018, with Frankfurt and Rome under consideration. For China, CAPA said PAL is still a “relatively small player” with less than 11,000 weekly seats, but is the market leader with an almost 30% share of total scheduled seat capacity between the two countries. PAL launched a Guangzhou flight in 2013 and Quanzhou i n 2 0 1 5 , g iv i ng it f ive Chinese destinations along with Beijing, Shanghai and Xiamen. PAL’s Mr. Bautista said i n l at e Nove mb e r t h at the f lag carrier expects to end the year with higher revenues, despite a continued downtrend in the third quarter, amid stiff competition and the “lean season” for the airline industry. Mr. Bautista said then he expects the fourth quarter to be profitable. PAL typically experiences peaks in holiday travel in January, April, May, June and December. The flag carrier saw a net loss of P2.009 billion in the quarter ending September from a P251.257million income during the comparable period in 2015, its quarterly report to the passenger/PAGE 9

PLDT, Inc. said it completed three major information and communications technology (ICT) projects in Davao, w hich are exp e c te d to boost the region’s digital infrastructure. In a statement, the telco giant identified the three projects as PLDT’s fourth cable landing station, its seventh Innovations L a b o r at o r y ( I n n o l a b ) , and its eighth data center, which is also the first built in Mindanao. All these is “stimulating economic growth” in southern Philippines and form part of

PLDT’s programmed P48billion capital expenditure for 2016, PLDT Chief Revenue Officer and ePLDT President and CEO Eric R. Alberto was quoted as saying in the statement. “ These projects will greatly expand PLDT ’s network capacity and quality of services which will benefit industries located in Visayas and Mindanao, and enable them to participate in the emerging gigabit society,” Mr. Alberto said, adding that the PLDT’s ICT investments will also allow small enterprises in the region to become

globally competitive with new digital tools and innovative solutions. PLDT said its fourth cable landing station in Davao links Mindanao to its three existing i nte r nat i ona l g ate w ay s located in Nasugbu, Batangas; Bauang, La Union, and Daet, Camarines Norte, and will “s i g n i f i c ant l y i mprov e the flow of international data traffic to and from Mindanao.” This will also provide “better resiliency and reduced latenc y for enter pris es par tic ularly thos e that demand bandwidth-heavy

data services such as the BPO (business pro cess outsourcing) industry,” the company said. Meanwhile, the Innolab facility is where the PLDT G r o u p’s p r o d u c t s a n d business solutions are tested and showcased to consumers, as well as serves as a training hub for ICT services. “PLDT aims to enable businesses nationwide with globally competitive services and solutions anchored on an evolving digital environment. We hope to develop and nurture that digital hub in PLDT/PAGE 9

Century Pacific acquires China distribution firms CENTURY Pacific Food Inc (CNPF), the Philippines’ largest canned food company, is set to further expand its branded exports business with the acquisition of distribution companies in China. CNPF will sign an equity purchase agreement for a 100% interest in the group of entities which currently distribute Century Tuna in China. Since Century Tuna’s entry into China in the early 1990s, it has grown its presence to become the country’s number one canned tuna brand. Total consideration for

100% of the companies is US$2.56 million, which approximate their net asset values. Funding for the transaction will be in cash. The acquisition is expected to support the expansion of CNPF’s international branded segment, currently still a small part of its business. Gregory Banzon, CNPF Vice President and General Manager, said, “We are excited about this newest addition to ourexport presence. China could be a future growth market for us with its total canned food market estimated to be increasing double-digits

annually.” Recently, CNPF also acquired the license for the Kamayan trademark in North America, one of the top names in the US market for shrimp paste – a popular condiment in Philippine cuisine. “ We l o o k f o r w a r d to growing our product portfolio and expanding the distribution network in China,” said Banzon. T h e y a re c u r re nt l y “studying opportunities to enter adjacent categories to take advantage of this new market,” he added. Previously, the China

companies were owned 50% each by Thai Union Manufacturing Co Ltd, a wholly owned subsidiary of Thai-listed Thai Union Frozen, and Century Pacific Group, Inc., parent company of CNPF. Century Pacific Food, Inc, the Philippines’ largest canned food company, is engaged in the development, marketing, and distribution of processed fish, meat, dairy, and coconut under its own brands, as well as the brands of others. It is also the Philippines’ leading exporter of private label tuna and coconut products.

Merry Christmas and a Prosperous New Year Greetings From:

FREE Publication of PRESS RELEASES for corporate accounts to Mindanao Daily News and BusinessWeek Newspapers

Photo shows CEPALCO’s Giant Christmas Tree erected at the Divisoria Park. This is already a traditional Annual project of Cagayan de Oro Power and Light Company every Christmas for their consumers. This CEPALCO tradition has been going on for over 50 years now. (photo credit: ercel maandig)

6

Feature

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

wednesday|december 28, 2016

The 12 Candidates of Miss Balingasag 2017 with Town Mayor Marietta Roa Abogado (at center)

Balingasag town Mayor reveals accomplishments during the Pasigahan sa Plaza switching on Text and Photos By Ercel Maandig

A l a dy Mayor re cent ly reveals her Projects and accomplishments exclusively for the Sudaria G roup of P u b l i c at i on s during the switching on of Balingasag Town Giant Christmas Tree,Lanterns a n d B e l e n s du b b e d a s “Pasigahan sa Plaza 2016” recently at the Town’s Plaza. In a Press Statement exclusively furnished f o r M i n d a n a o D a i l y, B u s i n e s s We e k Mindanao and Cagayan de Oro Times, Mayor Marietta

Roa Abogado highlighted some of her First 100 Days a c c ompl i s h m e nt s f rom July1 to October 8, 2016 as Follows: A.)Strengthening Human R e s ou rc e D e vel opme nt were she reappointed 66 Job Orders and 30 Wage earners,appointed 35 new Job O rd e rs and 2 ne w Wage earners,Reappointed permanent employees whose appointments were disapproved by the Civil Service Commission due to insuf fecienc y of t he

The colorful Christmas Lanter that sorrounds the entire Plaza

required 15 Days posting. B . ) F i n a n c i a l Administration and Infrastructure Development we re she prop o s e s t he Php 163,635,754.00 Annual Budget for 2017 which is 11.44% higher t h a n t h e 2 0 1 6 A n nu a l Budget,Completed the road concreting of Barangay Waterfall,Constructed the Bus Terminal Drainage which has 30% in completion and concreted the roads leading to Bus Terminal,Reorganized the Bids and Awards Committee and Reorganized the

Municipal Development Council. C.)Social ProtectionReorganized the Municipal Health Board,Municipal School Board,Provided the support to the victims of illegal recruitment from Balingasag and South C o t a b a t o, C o o r d i n a t e d the Department of Health Region 10 for the completion of the Municipal Health unit at Barangay Waterfall for additional funding in the amount of Php3 Million,Disbursed the amount of Php334,035.86 for Dog Bite Anti

The Giant Christmas Tree which is among the best in Misamis Oriental

R abbies and Financial/ Me d i c a l a s s i s t an c e for the victims,Approved and disbursed 8 SEF projects worth Php363,314.00. D.)Public Safety and Peace and Order-Supported the Anti-Drug Campaign of the President with the “TokHang”Operations of the Philippine National Police with 724 surrenderees,666 users and 68 users,supported the programs such as Drug Awareness Campaign,Moral recover y program by interfaith base organizations i n t h e t ow n , 2 m o nt h s rehabilitations with daily

counselling,1 month sports activities and Employment assistance.The LGU has organized the former rebels and given its livelihood assistance,PAMANA Project coordination in the amount of Php20 Million for the concreting of Lantad to Quezon Road. E.)Environmental Management-Reorganized the Municipal Solid Waste Management Board were they conducted Planning Workshop and finalized the 2016-2019 3 years Action Plan,Tapp ed the NGO’s balingasag/PAGE 9

Huge Belen was displayed at the Plaza

Banking&Finance BSP sees uptick in inflation rate next year

7

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

wednesday|december 28, 2016

T

HE hig her-thanexpected inflation rate last November and rising oil prices played major factors in the Bangko Sentral ng Pilipinas’ (BSP) decision to increase average inflation projections for 2017 and 2018. In a briefing Thursday, BSP Deputy Governor Diwa Guinigundo said the central b a n k’s p o l i c y - m a k i n g Monetary Board (MB) now sees inflation to average at 3.3 percent in 2017 and 3.0 percent the following year. These were at 3.0 percent and 2.9 percent for 2017 and 2018, respectively, during the meeting of the Board last November 10. The Board, on the other

hand, maintained the 1.8 percent average inflation projection for 2016. Rate of price increases last November rose to 2.5 percent from month-ago’s 2.3 percent, bringing the year-to-date average to 1.7 percent. The central bank earlier projected November inflation to range between 1.6 and 2.4 percent. Guinigundo said oil prices as well as futures were also rising. The MB’s 2017 Dubai crude oil assumption is US$40-55 per barrel, US$45-60 per barrel for 2018 and US$50-65 per barrel for 2019-22. Guinigundo said a weaker exchange rate, with

the peso now trading at 49-level to a dollar from 47-level earlier this year, was also a negative factor as it provided inflation pressure. He said, though, that the balance of risks was tilted on the upside given the pending power rate hike adjustment, the pending bill calling for higher excise tax on auto and fuel, and the tax package proposal of the Department of Finance. He said the weak La Nina projected in the first quarter of next year and a neutral weather in the succeeding quarters “will keep agriculture safe.” Similarly, the BSP has set the 2019-20 inflation target between 2 and 4

percent, same as the 2015 to 28 target range. “ We b e l i e v e t h a t d i s i n f l at i o n a r y t r e n d s will continue,” he said, noting that oil prices are seen to rise even with the agreement of Organization of the Petroleum Exporting Countries (OPEC), with the exemption of some members, to cut production. Guinigundo said some non-OPEC member countries had also joined the production cut bid but some did not, in order “to protect their market share.” He said the assurance that production cut would not be that much provided stability on prices; thus, oil prices were seen to remain stable.

Banks advisories for long holidays SEVERAL commercial banks have issued advisories to guide clients for the long holidays from Dec. 30 (Rizal Day) to Jan. 2, 2017. PSBank said all its branches nationwide will be closed on Dec. 30, 2016 and Jan. 2, 2017, a special non-working holiday. Meanwhile, all its 611 ATMs will be online and PSBank Mobile and PSBank Online will be available for banking transactions. PSBank also advised clients to take note of the following: Payroll All payroll crediting on Dec. 30, 2016 and January 2, 2017 will proceed. Automatic Debit Agreement Accounts with due dates on Dec. 30 and Jan. 2 will be debited on Jan. 3. Payments will be valued

on its original due date. No p enalties will b e charged. Check clearing and settlement Clearing will be suspended on Dec.30 and Jan. 2. L ate checks received on Dec. 29 will be processed on Jan. 3. No p enalties will b e charged for checks dated Dec. 30 and Jan. 2, intended for PSBank loan payments. Time deposits Maturities on Dec. 30 and Jan. 2 will be processed on Jan. 3. Security Bank advisory Security Bank said all its branches will be closed on the following dates: • D e c e m b e r 3 0 , Friday (Rizal Day); • D e c e m b e r 3 1 , Saturday (New Year’s Eve); • January 2, Monday (Additional non-working holiday).

The public is advised to do banking transactions by December 29, Thursday, to avoid inconvenience. Regular operations of all branches will resume on January 3, Tuesday. S e c ur ity B an k liste d select branches with operations on December 30 and December 31: December 30, 2016 (Friday) Rizal Day Butuan Shortened Banking Hours: 10:00AM to 2:00PM Iloilo-Ledesma Shortened Banking Hours: 10:00AM to 2:00PM NAIA* 11:00AM to 7:00PM NAIA Terminal 3 (Open to customers with terminal passes) 11:00AM to 7:00PM December 31, 2016 (Saturday) New Year’s Eve/ Declared as special nonworking day

Iloilo-Iznart 9:00AM to 2:00PM BDO Unibank BDO earlier issued this advisory: It will open select branches during the Holiday season. Mall and non-mall branches will do business on shortened banking hours on December 30 and 31; on January 2, only the branches in malls will be open until 4PM to accommodate clients’ banking transactions. Regular banking hours, on the other hand, will be implemented on December 27 to 29. BD O’s ATM network is ready to handle clients’ transactions during this period. For quick reference on the list of BDO branches open in the Holiday season, please visitwww.bdo.com. ph and www.facebook.com/ BDOUnibank.

ATM cards with magnetic stripe can still be used after Jan. 1 PRIVATE banks assured their customers that they can still use the old automated teller machine, or ATM, cards with magnetic stripe even after January 1, 2017. Under the new system to be implemented by the country’s banks starting on January 1, an electronic chip will be embedded in the old ATM card. T h e b an k s howe ve r doused the concerns of customers who have ATM or debit cards that still have

magnetic stripes. “While the replacements are ongoing, customers can still use their magnetic stripe cards until every customer that has a Metrobank debit card already has it in chip,” Mark Perez, head of Retail Banking Group of Metrobank, said. The new ATM card will have an electronic chip in front of the card and a magnetic stripe at the back. The newly-installed machines in the banks can read both

data of the customer’s account stored in the electronic chip and the magnetic stripe. Electronic chip cards are supposed to be safer than magnetic stripe cards because the data they contain is much harder for thieves to copy. Replacement of the card is free of charge. Customers need only to go to their respective banks to replace their cards. Perez however warned of some adjustments since the system is new, “there

are var ying stages of migration. There might be some compatibility issues that might occur.” Aside from the transfer to chip-enabled cards as mandated by the Bangko Sentral ng Pilipinas, the system shou ld a ls o b e replaced so that Europay, Mastercard Visa or EMV cards can be used. Banks should also get global certification so that the cards can be used in other countries.

VISIT OUR WEB PORTAL

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

wednesday|december 28, 2016

9

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

wednesday|december 28, 2016

Passenger...

Balingasag...

Philippine Stock Exchange showed. For the first nine months of 2016, PAL posted P2.599 billion in net income, 57% l owe r t h an t h e P 6 . 1 0 8 billion seen in the January to September period last year. PAL currently serves 43 international destinations, including 20 regionally within East Asia, 10 in Australasia and the Pacific, seven in the Middle East, five in continental North America and one in Europe.

to assist the PNP in the i mpl e me nt at i on of t he Anti Littering Ordinance and other clean and green p r o g r a m s . S o l i d Wa s t e characterization was also undertaken to support the 10 year Solid Waste Management Plan and was completed the program of works for the rehabilitation of the rest rooms in the 1st and 2nd floors of the Municipal Hall called as “People’s Palace in the amount of Php2 Million. F.)Disaster PreparednessReorganized the unicipal Disaster Risk Reduction Management C ouncil, an d c on du c t e d Fam i l y Evacuation Preparedness and Camp Coordination and Management in 3 batches covering 30 Barangays. In C on lus i on ,Mayor Ab ogado has Prop os e d to the Department o f I nt e r i o r a n d L o c a l Government(DILG)Region 10 under the assistance to disadvantaged Municipalities 7 Infrastructure Projects for 2017 worth Php16,336,.000.00. Abogado lead the Switch on of t h e i r C h r i s t m a s Village right in their Plaza just a week ago with the Presentation of 12 lovely Candidates vying for the Title as: Miss Balingasag 2017 t hat sig nif ies t he Kick Off of its Month-long Fiesta Activities on January next Year.The Pasigahan sa Plaza 2016 was attended by some Media Personalities in Cagayan de Oro City which amazes the colorful Lanterns,huge and creative Belens and a unique well lighted Giant Christmas Tree that is among the Top must see in the Province.

from page 5

PLDT... from page 5

the southern Philippines to further serve the need for a stronger and more robust digital infrastructure,” Mr. Alberto said. PLDT has geared up for the digital economy by building its fiber optic backbone and distribution network which has reached more than 140,000 kilometers. L ast we ek , t he tel c o giant said it is investing about P2 billion over the next three years to roll out a hybrid fiber technology -- capable of providing data speeds per user of up to 600-700 megabits p er s e cond (Mbps) p er user -- that allows for a “sup er-fast” bro adb and ser vice through regular phone lines in buildings and homes. The initial plan c a l ls for d e pl oy i ng t he technolog y in over 500 buildings in different parts of the country next year. Additional 1,600 buildings are being lined up for 2018 and 2019.

from page 6

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City

EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE DECEASED SPS. PANFILO D. BACACAO AND VICTORIA SORVILLO WITH DEED OF ABSOLUTE SALE Notice is hereby given that the intestate estate of the deceased SPS. Panfilo D. Bacacao and Victoria Sorvillo who died on January 27, 2007 and August 6, 2010, respectively, in kinawe, Libona, Bukidnon; That the deceased, SPS. PANFILO D. BACACAO AND VICTORIA SORVILLO, at the time of their death, are the registered owner of a parcel of land which is more particularly described as follows: ORIGINAL CERTIFICATE OF TITLE NO. EO-4, A PARCEL OF LAND (Lot 2, Psu-10-000850 (OLT) being a portion of situated in the barangay of Kinawe, Municipality of Libona, Province of Bukidnon, Island of Mindanao, Containing an area of FORTY THOUSAND (40,000) square meters, more or less. THE HEIRS OF SPS. PANFILO D. BACACAO AND VICTORIA SORVILLO spouses is the subject of EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE DECEASED SPS. PANFILO D. BACACAO AND VICTORIA SORVILLO WITH DEED OF ABSOLUTE SALE ; is made and executed by and among, ESTERLITA B. DELADA, of legal age, Filipino, married and a resident of Kinawe, Libona, Bukidnon and the surviving daughter of the deceased spouses; MELECIO S. BACACAO, of legal age, Filipino, married and a resident of Kinawe, Libona, Bukidnon and the surviving son of the deceased spouses; ADELIA B. BISA, of legal age, Filipino, married and a resident of Kinawe, Libona, Bukidnon and the surviving daughter of the deceased spouses; FERDINAND S. BACACAO, of legal age, Filipino, married and a resident of Kinawe, Libona, Bukidnon and the surviving son of the deceased spouses; CHRISTOPHER S. BACACAO, of legal age, Filipino, married and a resident of Kinawe, Libona, Bukidnon and the surviving son of the deceased spouses. That for and in consideration of the sum of ONE HUNDRED FIFTY THOUSAND PESOS (P150,000.00), receipt in full of which is hereby acknowledged from the VENDEE, 1) MARLON M. LAGUISMA, of legal, Filipino, married and a resident of Mandumol, Macasandig, Cagayan de Oro City and 2) ARLYE C. RICABLANCA, of legal age, Filipino, married and a resident of Mandumol, Macasandig, Cagayan de Oro City. I, MELECIO S. BACACAO, do hereby SELL, TRANSFER and CONVEY, to the VENDEE, the portion consisting of ONE THOUSAND FOUR HUNDRED FORTY (1,440) square meters of my share/portion (8,000 sq. m.) of the above-described property including all the improvement found therein. Under Notary Public of ATTY. Mario T. Juni; As per Doc. No. 453; Page No. 91; Book No. 196; Series of 2016. BWM: December 14, 21 & 28, 2016 Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 16, Tangub City OFFICE OF THE CLERK OF COURT AND EX-OFFICIO SHERIFF NOTICE OF EXTRA-JUDICIAL SALE EJF-2016-003 Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118 filed by LORENZO TAN MULTI-PURPOSE COOPERATIVE, TANGUB CITY against LORELIE RHONA C. JIMINEZ to satisfy the mortgage indebtedness which as of October 17, 2016 amounts to One Million Three Hundred Fifty Five Thousand Three Hundred Fifty Three Pesos and One Centavo Only (Php 1,355,353.01) excluding interest, attorney’s fees, and other lawful fees for the service of foreclosure, the undersigned Sheriff will sell at public auction on December 27, 2016 at 10:00 o’clock in the morning or soon thereafter at the office of the clerk of Court, Regional Trial Court, Br. 16, Tangub City, to the highest bidder in cash, Philippoine Currency the herein mortgage properties to wit: TAX DECLARATION NO. 108461 and 108461 ‘’A Parcel of Land Lot No. 7-PART, situated at Mantic, Tangub City. Bounded on the N., by 003; on the E., by 002; on The S., by road and on the W., by road. Containing an area of Four Hundred Eight (408) sq. m. more or less and declared Under Tax declaration Numbers 108461 and 108461.’’

OFFICE OF THE REGIONAL TRIAL COURT SHERIFF NOTICE OF EXTRA JUDICCIAL SALE EJF File No. 2016-522 UPON Extra-Judicial Petition for Sale under Act No. 3135 as amended by Act No. 4118, filed by HOME DEVELOPMENT MUTUAL FUND (Pag-IBIG Fund) as Mortgagee/s, against JUMI S. AGUILAR, as Mortgagor/s, with postal address at 223, Market Avenue, San Miguel, Pasig City, to satisfy the mortgage indebtedness of Mortgagor to the Mortgagee in the total amount of NINE HUNDRED FOUR THOUSAND NINE HUNDRED SEVENTY FIVE PESOS and 29/100 (Ph 904,975.29) inclusive of interests and penalty charges, and expenses of foreclosure. AS OF October 28, 2016, the undersigned Sheriff will sell at public auction on January 12, 2017, at 10:00 in the morning to 4:00 in the afternoon, at the Office of the Clerk of Court, Regional Trial Court, City Tourism Hall, Cagayan de Oro City, to the highest bidder, for Cash or Manager’s Check and in Philippine Currency, the following property described below including all existing improvements found thereon; TCT No/s. 137-2011002310 A CERTAIN LAND situated in Upper Carmen, Cagayan de Oro City, Lot 13, Block 20, PSD-10-040101, xxx, with an area of One Hundred Twenty (120) sq. m., more or less, including all improvements found thereon.xxx

TAX DECLARATION NO. 109265 and 89436 ‘’A Parcel of land Lot No. 59-0-2, situated at Migcanaway Tangub City. Bounded on the N., by 016,044 on the E., 3rd South St., 018 on the S., by 018, 056 and on the W., by 016,056. Containing an Area of One Hundred Eighty Nine (189) sq. m. More or less and declared under Tax Declaration Numbers 109265 and 89436.’’ All sealed bids must be submitted to the undersigned on the above stated time, date and place of auction sale. In the event that the public auction should not take place on said date or there is only one bidder, it shall be held on January 3, 2017 at the same time & place without further notice. Bidders are enjoined to investigate for themselves any encumbrance on the herein property if any there be.

October 26, 2016, at Tangub City, Philippines.

All sealed bids must be submitted to the undersigned on the above stated time and date.

FOR THE EX-OFFICIO SHERIFF: BY:

In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication.

Prospective buyers may investigate for themselves the title hereinabove described and encumbrances thereon, if any there be. DONE this 9th day of December, 2016, in the City of Cagayan de Oro. BWM: December 14, 21 & 28, 2016

(Sgd) ENRIQUE M. TALAG, JR Sheriff IV

BWM: December 14, 21 & 28, 2016

(Sgd.) WILLIAM C. ARANIEGO Sheriff IV

Republic of the Philippines LOCAL CIVIL REGISTRY OFFICE PROVINCE OF MISAMIS ORIENTAL Cagayan de Oro City NOTICE FOR PUBLICATION In compliance with Section 5 of R.A. No. 10172, a NOTICE is hereby served to the public that JENEFER T. GRAMATICA has filed with this Office a petition for the correction of clerical error in the entry of the child’s sex from ‘’FEMALE’’ to ‘’MALE’’ in the Certificate of Live Birth of JUSTINE TAGAAN GRAMATICA who was born on OCTOBER 18, 2005 in CAGAYAN DE ORO CITY and whose parents are PACITO HALAPADAN GRAMATICA and JENEFER AUDITOR TAGAAN. Any person adversely affected by said petition may file his written opposition with this Office not later than December 30, 2016.

(Sgd.) NORMA S. DIPUTADO City Civil Registrar

BWM: December 28 & January 4, 2017

BusinessWeek Tourism

MINDANAO www.businessweekmindanao.com

Wednesday | December 28, 2016

RD Catalino ‘Butch’ Chan III, new regional director of Region 7

T

By Joe P. Palabao

ourism Czar of Northern Mindanao-Region 10, Regional Director Catalino ‘Butch’ E. Chan III is now the new Director of the Department of Tourism Region 7. A very dynamic and vibrant Region “ The Central Visayas” in the Tourism Industry today. It comprises of Cebu, Bohol, Negros Oriental and Siquijor with Cebu which ranks No. 2 in tourists’ arrivals and Bohol which ranks No. 3. Last December 7, 2016, a tremendous and warm welcome was accorded to Regional Director Chan III from the officials and staff as he assumed office at the known DOT Regional Office in Cebu.

His promotion as the new Regional Director will surely catapult Region 7 as a booming tourism destination of the country today. He is a well-loved Regional Director of Region 10 since 2005 up to December 2016. For twelve fruitful years the unprecedented growth and zenith of success of the Tourism Industry in Northern Mindanao is attributed to the man of vision, man of action, and man of the hour-the outstanding Regional Director and tagged by the media as the Tourism Czar of DOT Region 10. His brilliance in developing potential destinations catapulted Region 10 as one of the top five tourist destinations in the country today and has brought the

Region in world tourism map during a Tourism Festival in London in 2014. Director Chan III is bringing along with him to Central Visayas his rich experience as one of the best Regional Directors in the country as the emerging destinations - Negros Oriental and Siquijor can expect a boost in visitor arrivals as he is bent to focus on these areas during his term. He further stressed that promotions of the destinations of these places would entail aggressiveness and the cooperation of the Local Government Units. He would somehow elevate the tourism industry of Region 7 to a level that is equal across all provinces. As what he did in Region 10, Director Chan

III and with the help of LGUs, he plans to organize travel and tour exhibits to promote these destinations to the domestic market. Just the most popular Annual PASUNDAYAG which he organized since 2005 in Northern Mindanao which has gone as far as SM Baguio, SM Clark Pampanga, Intramuros Manila, Mall of Asia, Iloilo and marked its show in Ozamiz Cityand now it would be Lipa Batangas. Indeed, for the last 12 years as a public servant in the Tourism Industry, Director Chan III made reverberations in the industry and is wellloved by all the Tourism Officers of the Region, the gargantuan support he got from the Executives of the different LGUs of the director/PAGE 11

having again a running tour going to Apple Tree where sumptuous food and program awaited them. Buffet lunch was served with gusto and the children really enjoyed the cuisines prepared

for them and the first time in their entire lives they enjoyed such a meal which they can cherished in their lives. After they were settled, a program followed. children/PAGE 11

Department of Tourism X A day with the less privileged children By Joe P. Palabao

Last December 12, 2016, as part of the Department of Tourism X Corporate Social Responsibility (CSR) has conducted an Educational Tour to fifty (50) Street Children aged 5 years to 17 years old dubbed as A DAY WITH THE LESS-PRIVILEGED CHILDREN in the City of Cagayan de Oro in cooperation with the City Social Welfare Development Office (CSWD). This is in commemoration of the International Day Against CHILD TRAFFICKING.

The commendable project has been running for twelve long productive years which has already served five hundred (500) beneficiaries since then. The 50 less-privileged children are street children with their street families. Their parents are being taken in by the CSWD being housed in boarding houses and the government is giving them livelihood projects after which they have enough for a living, they can manage to send their children to school that’s

10

the time they will have a life of their own. The children had a running tour to Macabalan Seaport, Agora Bus Terminal with orientation as possible entry and exit points of trafficking. The children were so happy and delighted to see MC Arthur Marker and had a photo ops. Had also a running tour at the West Bound TerminalBulua and proceeded to Laguindingan Airport with briefing. They were also to see planes arrivals like Cebu Pacific and Philippine Airlines.

They clapped their hands and were so happy the landing and the taking off of planes, and they were advised to call Airport Police when someone will bring them to fly and take them away from home. On their way to Apple Tree Resort and Hotel they were given a chance to have a view of the huge and gigantic statue of the Divine Mercy since there was a limited time. A short silence prayer was offered by the children while seeing the magnificent statue-the highest shrine statue in Asia. The children were

11

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

wednesday|december 28, 2016

Halal... from page 1

Southeast Asian region have already expressed interests in importing other food-based start-ups such as muron, pastel, etc. The country has 12 halal certifiers so far and Ms. Boniao hinted on Thursday’s press conference that the government might tap more in the coming year. Ms. B oni ao p ointe d out that even non-Islamic countries such as Singapore are strict in securing halal certifications from non-pork food imports because of their sizeable Muslim population. “Whether the end consumers are Muslim or not, that’s not the basis,” she said. Halal is a certification mandated by Islam in order to ensure that food is fit for consumption by its faithful. The Philippine National Standards for Halal, which was penned in 2006, provides the general guidelines for the halal industry in the country. At t h e l o c a l l e v e l , L i m k e t k a i Lu x e Ho t e l general manager Jerome F. dela Fuente bared that the hotel will be constructing its own halal kitchen next year. A halal kitchen is important so that food ingredients – especially cooking oil – won’t be contaminated with halal food. If this plan comes to fruition, it would be the first hotel in Cagayan de Oro City to adapt a halal kitchen.

Summit... from page 1

the levels of skills of the BPO/PPM industry to midlevel including software development, because there are more BPO companies which are opening which are related to health, legal, accounting and other support/shared services, Caragos said. The NICP will also be looking to balance its focus on domestic and international markets following increasing awareness among Filipino companies on the benefits of ICT in increasing their global competitiveness. “Philippine companies are learning to appreciate outsourcing and the fact that they don’t have to hire full time persons to do the services they need, but hire an expert to take care of it,” Caragos noted.” Its’ already starting in the Philippines and that’s a good trend.” NICP is the recognized national organization of ICT Councils in the Philippines. It serves as the venue for collaboration and sharing of best practices for our member organizations. The National ICT C onfederation of the P h i l i p pi n e s ( N IC P ) i s committed to being the recognized, premier, and u n i f y i n g a d v o c at e f o r countrywide ICT industry development. It seeks to promote foreign and local investments and b a l ance d de velopment, share information and best practices, and transform the Philippines into a customer-

oriented and competitive provider for global services. Its core objectives are to generate new ICT business, to increase awareness of the ICT industry, ensure sustainability and resource generation, be an effective implementing partner of the Philippine Digital Strategy (PDS), have more venues for information sharing and to increase collaboration and private- public partnership. “For the 2017 ICT Summit, NICP is Helping IBPAP, DICT and partner organizations in helping the entire country by focusing on countryside development, and together, we are looking at raising 1.8 million jobs through ICT. Definitely we will have more trainings and seminars in the ICT.” “We are also looking at ICT and the ecology by coming up with solutions that will help the environment,” she added. “In addition, the NICP will be focusing on creating greater awareness about ICT jobs for women and we’re working on increasing the ration of women developers and web designers through a series of hack-a-thons and events,” Caragos said. While there are already many women working in entry level positions, there is still a dearth of women executives in mid-level and higher management and technical positions.” For its thrust in countryside development, Caragos said the NICP will work on Rural Impact Sourcing in close coordination with the DICT. “Not all of the cities and towns can be Next Wave Cities, but they can have a really good source of talent as well. By doing rural impact sourcing we are also encouraging people in the rural areas to get into ICT jobs as well. This means working from home or small office spaces within the area,” she noted.

Cadres...

from page 1 me with everything and eventually my platoon became my immediate family,” Jaito, who has not seen his parents since becoming a guerrilla, said. “I am already prepared for any possible outcome of my new life. I have even accepted that I could die here,” he said. Wind of change With age catching up on most of its early cadres, many of whom have lain low, the rebel army has to draw in youngsters like Jaito to fill its ranks. The CPP-NPA, known for its rigid code of discipline, appears to have adjusted to the wind of change. It used to be that cadres were discouraged f rom singing pop songs, as these were considered part of “decadent culture”. Now, however, the movement has embraced pop culture to attract the young to its ranks. At the party’s anniversary celebration here, cadres like Jaito danced to the tune of pop songs to entertain their

guests who came from all over Northern Mindanao. Much sought after by their guests were red star pins, T-shirts and of course, selfies with the smiling guerrillas armed with their M16 and AK 47 rifles. “ T h i s i s n ow t h e i r revolution. The old one is gone. The old cadres are dying, they will be replacing us,” National Democratic Front consultant Alfredo “Ka Paris” Mapano said. Mapano said the space created be the current peace talks between the NDF and the Duterte administration has attracted many young people to come and experience the life of a guerrilla. He said the arrival of youngsters from the cities and farms to the guerrilla zones happened in “moderate trickles” in the past six months. “They came here to see what the life of a guerrilla is. What they saw is a life of service to the people and they like it,” he said pointing to a group of Kabataang Makabayan members performing for the crowd. Mapano said the five most active guerrilla fronts of the NPA are located in Mindanao and half of its guerrilla forces are based in the island. He said of 20 fighters that comprise an NPA platoon, most are in their 20s and only two or three are in their 30s. He said the NPA cadres can become “a green army” once a final peace agreement is signed between the NDF and the government. He said these cadres will perform their new role by monitoring compliance with environmental laws by mining companies and plantations in the countryside. He said the NPA could easily find new relevance in a post-peace agreement setting. The CPP was founded on December 26, 1968 by remnants of the Partido Komunista ng Pilipinas and its armed wing, the Hukbong Magpapalaya ng Bayan. Three months after, on March 29, 1969, the CPP formed the NPA as its military arm.

Director... from page 10

Region. This support is now being felt by him as he assumed office in the known Tourism Region of the country. His fruitful stint as a Regional Director in Northern Mindanao cannot be equalled hence his promotion to Region 7 will bring more glories to the Region. Though he was being uprooted, his heart to serve the department has remain intact and he strives to work for excellence to make a vibrant tourism industry in the country. His focus in Region 7 will be on emerging destination of the region. He plans to sustain and enhance growth of the more established provinces of Cebu and Bohol. Based on a DOT-7 report, Central Visayas welcomed a total of 3.16 million tourists within the first seven months of the

year. Data used were from tourism establishments across the region. At 2.3 million, Cebu comprised the bulk of regional tourism arrivals, followed by Bohol at 402,246; Negros Oriental at 402,405; and Siquijor at 54,788. He will bring to Region 7, a Culinary Festival like the known “KUMBIRA” in Cagayan de Oro City which has been running for more than twenty years already and is bringing the best foods and the best chefs in the country. This will boost also the food tourism industry of Region 7 in different provinces by showcasing delicacies of each province, city and municipalities and create a food niche that can be remembered well by the foreign, domestic and local tourists. Welcome to Region 7 RD Butch, and Region 10 is so proud of you for being there for the glorification of the tourism industr y of the country. KUDOS. MABUHAY KA. REGION X WILL MISS YOU.

Children...

from page 10 Guests were acknowledged and a run through of Project Orientation was shown and the impact of the project to the less privileged children. Welcome words were given by Ms. Bam Emphasis-the General Manager of Apple Tree Resort and Hotel. Being a project partnerApple Tree for three years now has been hosting the venue of the project for the less-privileged children, she reiterated their full support to DOT X commendable CSR for the needy. A very touching message was also given by John M. del Castillo-the Manager of RTMI whose bus was the official carrier of the children while on tour. For them it is a way of giving back the bountiful blessings they received from their business and their CSR for the lessprivileged children well. Encouraged the children to be what they are and strive to be somebody in the future. Success stories of young adult at age 15 years old and 16 were also given by beneficiaries who are now studying and given full support by CSWD, they are to finish their elementary and High School through the Alternative Learning System (ALS). These were rugby boys before along Divisoria, and a real problem to the society. They were grabbing food of the students of Xavier whenever they are eating at Dunkin Donuts, now are behaved and having a life to follow through. In s pi r at i on a l w ord s were given by Tourism Czar Regional Director Catalino ‘Butch’ E. Chan 111 who is now the concurrent Regional Director of Region 7-the Central Visayas to include Bohol, Cebu, Negros Oriental, Dumaguete and Siquijor. He will promote there the Culinar y Festivals. He told the children that for 12 years now there were beneficiaries who now work

at hotels because they were being recommended by DOT X after they finished their studies and they are doing. He also encouraged them to do the same. In the meanwhile, the 50 less-privileged children gave a hearty a farewell presentation to the teary-eyed Regional Director Butch Chan 111. Red roses and lighted candles were individually given by the children a sign of thanksgiving and love. He was touched and moved for he realized that his efforts and love for these children were given attention and be cherished by throughout their lifetime. Parlor games, gift giving and kind acknowledgement followed and the children were given time to take a dip at the Infinity Swimming Pool of Apple Tree. They are children of the world, the younger ones were allowed to swim even without usual swimming trunks. It was hilarious to see them enjoyed the cool water. At the end, Ms. Chazz L a d e r a - Ad m i n i s t r at i v e Officer 11 of the Department of Tourism X and Project Officer gave her sincerest thanks to the following partners: Rural Transit Mindanao, Inc. (RTMI) Manager John del Castillo, Administrator Celer A. Estologa, the driver Kulio’Jun’ Ababa with Jovel, CAAP-LAX Manager Mr. Jojo Budiongan with Ariel R. Paderan-MIS Manager. Apple Tree Resort and Hotel General Manager Ms Bjanesha M. Empahsis, Admin HR Maristela M. Maape, Mr. Raffy BacalaresEMCEE. Teddy Sabuga-aChief City Social Welfare Development Office (CSWD), Ms. Estela Ferrarez-Division Head-Psycho Social with Edgardo O.Quirit 111 Psycho Social Staff, Ms. Elvira P. Tugbong-Reach Out of Street Children with Ms. Lminhay. Joe Palabao of Business Week Mindanao-Media Partner, Atty. Minerva Guihag – DOT X Auditor with hubby. Indeed it was a day for the less-privileged children-the street children of Divisoria. Kudos DOT X and CSWD.

Abaca... from page 2

magtanom, mag-rehabilitate ug mag-revive sa mga areas para sa abaca (We have a greater chance in supplying the demand for the biggest fiber manufacturer if we p e r s on a l l y h a n d l e t h e planting, rehabilitation and revival of abaca growing areas), Robas said. To resp ond to such cha l lenge, Phi lFIDA Executive Director Victor B. Prodigo said that the fiber development authority will increase the planting density of abaca from 1,600 to 4,000, use seeds as planting materials in addition to suckers, corms, eyebuds and tissue culture, and work on new planting technology to protect abaca from diseases. Prodigo added that they will also encourage private sectors to engage in abaca business, aid in the use of enzyme to improve soil

fertility and environmental condition, enhance growth, and medicate plants. PhilFIDA also urges groups or individuals to undergo training on abaca planting and harvesting that the agency can freely offer. (RTP/PIA10)

Baños... from page 4

to the LGUs concerned where their facilities are located; and 3) oblige NGCP and MinGen to utilize their Corporate Social Responsibility (CSR) funds to reduce the power bill of consumers, in return for consumers securing their power lines and other infrastructures in the area. Immediate restoration of the NGCP 69kV lines from Tugaya to Malabang to energize the coastal municipalities and some municipalities of the 2nd district that will further reduce system loss; Upgrade/rehabilit ate the 13.2 KV lines and other infrastructure accessories that are either overloaded and/or dilapidated and accelerate the eradication illegal connection and tampered KWh meters to improve both technical and non-technical system losses; and Encourage the participation of LGUs in the establishment of Renewable Energy, such as Solar PV Plants; Biomass and Mini hydro under FIT payment scheme to further displace the pass through charges of generation cost while at the same time produce additional income for the said LGUs which they can use for development projects to benefit their constituents. Wit h re g ard t o t h e settlement of the ballooning Php 10-B debt of LASURECO, At a r r e c o m m e n d s t h e condonation of the interest on the principal through executive fiat; and possible condonation of the entire amount through Congress. But before such measures can be implemented, Atar s aid t he ne w L asure co management should first show that the coop’s operations have normalized with the reduction of systems loss to at least 17% from the current 35%; improving collection efficiency to at least 10% from the current 37%; and, not the least, payments of its current generation and transmission costs, as well as personal and maintenance and operating expenses, are paid in full and on time.

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

Billboard Star-studded night for Metro Manila Film Fest entry, Kabisera

Last December 20, 2016, one of the Metro Manila Film Fest Entry KABISERA, held their premiere night at SM Megamall, Cinema 7. The star-studded red carpet premiere was a success as people from the industry showed their support with the return of Ms. Nora Aunor in the renowned film festival where she garnered several nominations and awards in the past years. Most of the celebrities present admitted that apart from wanting to see veteran actors and actresses together in a project, they were also intrigued about the plot of the film as it mirrors very relevant issues in the society today. It is always exciting to see a story that shows more than just a fight between David and Goliath, but also a showcase of the love and the strength that we can give when the most important people in our lives are threatened. The film also stands as a statement for a family’s quest for justice and their journey to regain dignity by sticking and standing

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

wednesday|december 28, 2016

up for one another. The whole cast and crew whose passion and heart in letting the public know and understand the importance of family were all present to celebrate and enjoy the fruits of their labor. The energy in the full

packed cinema got higher as the audiences and fans won prizes from different partners and sponsors. Another highlight of the celebration is the acknowledgement and signing of Ms. Nora Aunor of a winning fan art that

was made by the Benedict Villamor Bautista from Ilocos Sur. Although he wasn’t able to personally meet his idol during the premiere, his talent was given recognition and was truly appreciated by his idol and the rest of the

movie makers as well. Kabisera is inspired by a true story showcasing the life of a family whose faith and strength was tested as they face grave trials involving crime, punishment and a fight with the justice system.

What the rest of the community thought was a perfect unit turns out to be one that have secrets, posing a threat to every member of the family, testing their trust to teach other. As the story unfolds, the KABISERA, which to the Filipinos mean more than a chair but also a symbol of power in most households, becomes vacant as it waits for the person who would rightfully seat on it. This year let’s be present and celebrate loyalty, strength and love of the family by sitting inside the cinemas. Check out the fanpage Kabisera Film for for the detailed screening schedules.Let us show our support as local movies evolve to provide relevant content and entertaiment for everyone to enjoy. This 2016 let’s stand up for Pinoy films and our families. Join us in the cinemas and enjoy together with your loved ones the must-watch family drama film of 2016 - Kabisera, starting December 25, 2016 in Cinemas Nationwide.