BusinessWeek Mindanao (December 29, 2017)

BusinessWeek M I N DA N A O CREDIBLE

Volume VIII, No. 94

Market Indicators As of 6:00 pm Dec. 28, 2017 (thursday)

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Rebuilding Marawi

EFFORTS to rebuild Marawi City is now going full blast as the government aims to restore the battle-scarred city before President Rodrigo Duterte ends his term in 2022, Malacañang said.

“The goal is to completely rebuild Marawi during the term of President Duterte,” Presidential Spokesperson Harry Roque Jr. said.

In the press briefing, Roque, along with officials of Task Force Bangon Marawi (TFBM) headed

by Housing And Urban Development Coordinating Council (HUDCC) Secretary Eduardo del Rosario, Armed Forces of the Philippines Chief of Staff Leonardo Guerrero, Marawi City Mayor Majul Gandamra as well as other national and local officials, reported on the accomplishments and plans on rebuilding Marawi.

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Lapasan Highway, Cagayan de Oro City

Misor’s electric coop ready for WESM in ‘18 www.businessweekmindanao.com

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Friday | December 29, 2017

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By MARK FRANCISCO, Staff Writer

AGUINDINGAN, Misamis Oriental – Northern Mindanao’s biggest electric cooperative, the Misamis Oriental 1 Rural Electric Service Cooperative (Moresco 1), is all set for the implementation of Mindanao’s Wholesale Electricity Spot Market (WESM) by the second quarter of 2018.

Electric/PAGE 11

Rarely seen shark sighted in Ormoc Bay

By ROEL CATOTO, MindaNews

SURIGAO City – A large r are l y s e e n s h ar k w a s found lurking around the wreckage of a World War II era battleship in Ormoc Bay

earlier this month.

Surprise greeted tech mogul and philanthropist Paul G. Allen and the crew shark/PAGE 11

CPP/NPA ANNIV. A mother and child walk past activists holding a lightning rally for the 49th anniversary of the Communist Party of the Philippines along a busy area of Uyanguren in Davao City on December 27, 2017. mindanews photo by manman dejeto

Bukidnon 2018: Public Outlook

Bukidnon to zero in on poverty, economy

Competitiveness THE National Competitiveness Council ( N C C) s a i d t h a t p a r t s of Mindanao remain competitive despite slower economic growth this year, with certain cities in the region maintaining high positions in the Cities and Municipalities Competitiveness Index (CMCI).

NCC Co-chairman Guillermo M. Luz said that big cities in Mindanao continue to outperform parts of Metro Manila.

“Certain cities in Mindanao… have stepped up and they are among the most competitive cities in the Philippines. I see Davao, I see Tagum and I see Cagayan de Oro City, General Santos City [having high ranks in the index],” he added.

Cagayan de Oro

BASURA: Piles of garbage litter the streets in Barangay Consolacion in Cagayan de Oro City after the area was flooded last week due to tropical storm Vinta. Garbage were scattered throughout the city some of which were uncollected. photo by gerry lee gorit

MALAYBALAY City – The Bukidnon provincial government is rolling out at least P300 million in livelihood projects in the first quarter of 2018 designed to alleviate poverty incidence in the province, board member Nemesio Beltran Jr. said.

“The year 2018 is expected to usher in a robust economy to the Province of Bukidnon,” he said in his contribution to “Bukidnon 2018:

Public Outlook” series initiated by this reporter.

Beltran, of the city’s second district, said the livelihood, agriculture and business sectors would surely perk up as the provincial government is set to roll out the fund in the first quarter next year. He said infusion of about P1.3 billion to maintain all barangay roads in the province poverty/PAGE 11

PRRD assures Lanao del Norte’s quick recovery after ‘Vinta’ havoc PRESIDENT Rodrigo Duterte visited Lanao del Norte on Wednesday, December 27, to personally assess the damage of Typhoon Vinta assuring local officials of assistance for the province’s immediate recovery.

“I’m sure we still have some money to spare and supplies to share with you,” President Duterte told local government officials during

the National Disaster Risk Reduction and Management Council (NDRRMC) briefing held in Tubod, Lanao del Norte.

Duterte said his administration will try to “fast- track everything” in order to meet the needs of the typhoon victims adding that he has already instructed concerned department heads to do their job.

“It’s in the departments concerned and I will just order them to come here and do their thing, in whatever aspect they are supposed to deal with,” he said.

The Chief Executive likewise assured the local officials that he would convene a Cabinet meeting to determine what is needed for the province’s quick return recovery/PAGE 11

TUBIG: People are lining up to avail water in Barangay 18 since the pipelines were closed by the Cagayan de Oro Water District (COWD) as its facilities were affected by the tropical storm Vinta last week. Several villages in the city still has no running water as of the press time. photo by gerry lee gorit

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3 Mindanaoans named in 2017 TOYM DAVAO City – Three Mindanaoans who distinguished themselves in different fields were named as part of the 2017 Ten Outstanding Young Men (TOYM).

Among the eight TOYM 2017 honorees were Jason Roy Sibug who was cited for his achievement in community development; Mark Anthony Torres for his achievement in government service and education; and Hidilyn Diaz for sports.

Sibug, who is from Kidapawan, was recognized for his work in preserving Manobo

indigenous culture and was endorsed by JCI Ceby. On the other hand, Torres, who came from Iligan City was endorsed by JCI Iligan in recognition of his outstanding work in the academe and in peace education.

Hidilyn who hails from Zamboanga City won the silver medal in women’s weightligfting in the 2016 Rio de Janeiro Summer Olympics and was endorsed by JCI Zamboanga.

The awarding of the 2017 TOYM will be held in January 2018 at the Malacanang Palace.

(PIA/RG Alama)

Economy

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friday|december 29, 2017

Reg’l forum on MSME devt, disaster resilience held

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ROSPERIDAD, Agusan del Sur -- Business entrepreneurs, together with the officials and staff from the Provincial Economic Enterprise Development Office (PEEDO), Agusan del Sur Chamber of Commerce and Industry Foundation, Inc., and Department of Trade and Industry-Agusan del Sur (DTI-AdS) Provincial Office joined in the Regional Forum on Micro,

RPN Radyo Ronda Stations Nationwide

CNN Philippines Stations Nationwide

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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

Small and Medium Enterprises (MSME) Development and Disaster Resilience held at the Grand Palace Hotel, Butuan City.

It sought to strengthen the commitment of each partner agency and other stakeholders to advocate economic disaster resilience of the region and institutionalize the mechanisms that will help MSMEs prepare for and recover quickly from disaster.

The province’s industry cluster players, producers and other members of the business sector also attended.

Together with attendees from the other provinces, they participated in prioritizing roadmap and action plan strategies and lay down specific initiatives or tasks to pursue the regional plan.

The province expressed hopes to localize the same activity and put

on board more MSMEs, as well as partner civil society organizations, partner institutions and the local government units (LGUs).

This initiative will be part of the follow through activities after the earlier conduct of an orientationworkshop on business continuity management held for some members of the provincial disaster risk reduction management council.

(DTI-Agusan del Sur/ PIA-Agusan del Sur)

TAGUM City -- What is important is that we have products that can compete in the international market.

Governor Anthony Rafael del Rosario emphasized during the year-end Kapihan sa Kapitolyo episode that the provincial government will prioritize in improving the products made in Davao del Norte in 2018.

“With this, we will ask assistance of other government agencies like TESDA (Technical Education and Skills Development Authority),

DOST (Department of Science and Technology) and DTI (Department of Trade and Industry) or tap other experts maybe coming from Cebu or other progressive provinces to assist our local MSMEs (Micro, Small and Medium Enterprises) to improve their products,” Del Rosario said.

He also noted that even though the province has enough resources to make quality products, most of the people in the agricultural area are just contented with their raw harvests.

He said that attached to this is changing the perspective of the farmers.

Meanwhile in his BEST PEOPLE development agenda (Balanced Ecology; Enhanced Agriaquaculture; Sustainable Tourism; Transformative Leadership; Public Infrastructure; Education and Sports; Optimum Health and Social Services; Public-private partnership; Link to the world; Employment and livelihood opportunities), Del Rosario stressed that products/PAGE 11

DavNor to focus on products competitiveness in 2018

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friday|december 29, 2017

Crisis and intervention: the concert for Marawi

MUSIC & MERCY FOR MARAWI

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ongs from the ‘50s to the ‘70s will turn the spotlight on a present-day tragedy half the world away but whose human face hits home for Filipino Americans.

“Music & Mercy for Marawi,” a concert to raise funds for the civilian victims of the Philippine government’s escalating war against ISIS-allied Muslim militants, will be held on February 10, 2018 at the Philippine Cultural Center, 4857 Baxter Road, Virginia Beach. VA 23462.

The Band of Brothers, popular young musicians from Manila, will headline the concert and rock the venue with chart-toppers by the Beatles, Herman’s Hermits, the Four Seasons, and other hit makers of the past.

But for the thousands of displaced Filipinos in Marawi City and surrounding areas on the island of Mindanao, the funds raised could not

come at a better time. The humanitarian crisis has not abated.

“I really can’t say when we will be able to finish [the battle],” said Philippine Marines Brig.

Gen. Melquiades Ordiales.

According to the Red Cross and other sources, the series of firefights that started in May has so far displaced more than 300,000 civilians and claimed over 700 lives.

More than 1,700 residents of battle-zone villages have been rescued to date, but many more were trapped between government troops and the insurgents.

Compounding the rising casualty rate is the specter of hunger, homelessness and disease for young and old, Muslim and Christian.

Marawi’s hospital and emergency facilities have been devastated by the hostilities, crippling services for crisis victims.

Proceeds from “Music

Dr Juanny Montero with His Excellency Jose Manuel Babe Romualdez, PH Ambassador to the US at the PH Embassy in Washington, D.C. 17 Dec 2017 (MMMPhoto)

Music & Mercy for Marawi Benefit Concert

& Mercy for Marawi” will be used to load a 40ft. seaworthy container with life-saving, used but fully functional hospital equipment and supplies, and to ship it to Mindanao, roughly 640 miles south of Manila, the Philippine capital. But funds are not just earmarked for the content of the container and its logistics; other costs include trucking from the port city of Davao to refugee camps.

Concert organizers

are coordinating on the humanitarian project with the nonprofit Montero Medical Missions (MMM), led by Filipino American physician, Dr. Juan M. Montero, II, originally from Surigao del Sur. The organization sends medical missions outside the United States to help alleviate the human toll of war as well as natural calamities. It creates sustainable healthcare projects with physicians and allied health

professionals who have domestic and international roots, sharing healthcare services on the home front and abroad.

MMM recently created three sustainable healthdriven projects for US and overseas populations in need of specific healthcare services: Eyesight 20/20, an initiative on Dental Health, and a Prosthetic/ Orthotics project. There is a plan to launch the mission’s fourth humanitarian aid project,

with diabetes screening and prevention as its core service.

As with other humanitarian ventures, partnerships are critical to the success of the “Music & Mercy for Marawi” concert in Virginia Beach and the mission to Mindanao.

MMM has received offers of operational assistance from local institutions such as the Southern Philippines Medical Center through its Executive concert/PAGE 11

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Opinion

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Goodbye and hello

HOTLINE Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

ALLAN mario MEDIANTE

Vice President for Corporate Affairs

RUFINO T. MAGBANUA

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Vice President for Events and Promotions

joe palabao

Vice President for Marketing

NELSON CONSTANTINO Editor-in-Chief

gilbert y. chao Motoring Editor

JUN AYENSA

Regional Editor - Caraga

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Be first think a minute

jhan tiafau hurst Think a minute… A mother had not spoken to her son for 3 years because of an argument they had. Even after 3 years the mother was still offended and felt her son should apologize first, not her. By now she had become very sick and was even planning on dying without making peace with her son. But finally, the mother decided to be the f irst to humble hers elf and ask her son to forgive her. Immediately her son apologized to her and they became close friends again.

You k now, w hen we choose to stay angry and hold a grudge against someone, we believe the lie that our being right is more important than our being happy and healthy. But it’s not! The only way to be at peace in your own life is for

you to forgive others. You be wise and strong enough to be the one to apologize, even if you’re older. You be the peacemaker and take the first step.

Yet sadly, many of us would rather boil in our anger because we feel the other person was wrong and they owes us an apology. You see, maybe we were right.

But life’s just too short to wait for everybody in life who has wronged us to finally come to us first and apologize. It just isn’t going to happen that way. So the sooner we swallow our pride and be the peacemaker, the sooner we’ll be free and happy.

That’s exactly what God the Son, Jesus Christ, did for you and me. We are the ones who wronged and rejected God, yet He still loved us enough to humiliate Himself by becoming a human being to live and die for all our wrongs against Him and others. He did it so you and I could be at peace with him both now and forever after we die. He did everything for us. All we have to do is ask Jesus for His gift of forgiveness and new life. You see, it’s only when we ask Jesus to hurst/PAGE 11

Ruffy magbanua THE days of December are numbered and definitely it will be hello 2018 and goodbye 2017.

And goodbye would also mean discarding our bad habits as we welcome the new year with positive outlook and full of optimism.

So what’s in store for Mindanao in 2018?

With the recent approval of t he nat iona l budget amounting to P3.767trillion

for 2018, Mindanaoans are looking forward to a much greater share of the pie following Duter te’s promise to make the island of Mindanao at par with Luzon in terms of economic growth.

The 2018 General Appropriations Act, is 12 percent higher than the 2017 budget, primarily geared towards supporting infrastructure development and free education in state universities and colleges, universal health care, free irrigation.

T h e D e p a r t m e nt of Public Works and Highways (DPWH) enjoys a lion’s share of the funds with its allocation of P637.86 billion ($12.66 billion).

This is in line with the Duterte administration’s goal to allot P8.1 trillion ($16.08 billion) for infrastructure

from 2017 to 2022 as outlined in its Build, Build, Build program.

T h e D e p a r t m e nt of Education (DepEd) received the next highest allocation at P553.31 billion ($10.99 billion). The funds will be used to establish and maintain facilities; hire teaching and non-teaching personnel; as well as develop and provide learning materials to students.

T h at s ai d , i mp e r i a l Manila would surely be a thing of the past if Malacanang would really consider its seriousness on the campaign promise of putting a stop to a fully centralized government.

With the movement for federalism in full swing by the early part of 2018, expect exciting days ahead as the president, more than ever, is ecstatic at replacing the

old system with peoplecentered, no-nonsense kind of governance the elite would perhaps find offbeat and non-conventional.

And t he change t he p e op l e w ant e d i s n ow slowly grinding to the max as netizens watch up close the latest developments from either in Malacanang or the new presidential address: Davao City, via the endless pages of social media.

Fact is, all eyes are now trained in this growthhungry island, now agog with a macrocosm of challenges in the coming year of the dog -– the birth of “localized” terrorism, the rebuilding of Marawi, the onslaught of December typhoons, the Davao fire tragedy, among others.

But all these are carry over political and social ills of the hotline/PAGE 11

Investigation on Davao City mall fire, scary

Kakampi mo ang batas

Batas Mauricio LIFE’S INSPIRATIONS: “…

Train the child in the way that he should go, and he will never depart from it even when he grows old…”

(Proverbs 22:6, the Holy Bible).

-ooo INVESTIGATION ON DAVAO CITY MALL FIRE, SCARY: With due respect to President Duterte, the creation by his government of an inter-agency body from the Philippine National Police (PNP), National Bureau of Investigation (NBI), and the

Bureau of Fire Protection (BFP), to investigate and “come up with the truth” about the fire that hit the NCCC Mall in Davao City on December 23, 2017 is a bit scary.

Why is it scary? Well, the probe makes it sound like there was arson, or intentional burning or setting on fire, of the NCCC Mall.

If arson would be proved to be behind that deadly fire, what would come across is that there is no more security for people going to malls, not only in Davao City but in the entire countr y as well. It would appear that if something is desired to be burned hereabouts, it gets burned somehow!

On the other hand, if it was not arson and that fire was merely the result of an accident, it would still be totally disappointing, for it would indicate lack of emergency exits or other points of egress which people

could have used during the fire. If this is going to be the reason, how was the mall permitted to operate in the first place? Just asking, Davao City Mayor Sarah Carpio.

-ooo O B L I G AT I O N S O F POLICEMEN UNDER R.A. 7438 (II): Under Republic Act 7438, or the law imposing certain obligations on the part of authorities effecting the arrest of anyone, there is a duty on the part of the arresting officers to provide a lawyer to the person they are arresting, from the moment the arrest is effected, up to and until the completion of the investigation of that arrested person.

We c a n f i n d t h i s particular obligation of law enforcement officers arresting suspects under the law’s Sections 2 (a) and 2 (b). According to Section 2 (a), anyone who is “invited for questioning”,

or is actually arrested, or is being investigated for any crime, has the absolute right to be assisted by a lawyer at all times. Officers are obliged to provide this assistance of lawyers as a matter of law.

Policemen, soldiers, or any other law enforcement officers who will not provide a lawyer to those they have invited for questioning, or arrested, or are investigating, will be imprisoned for a period of 10 years, and would even be barred from holding a ny ot h e r g ov e r n m e nt position for the rest of their lives. There is more to this, God willing.

-ooo WHY ARE THERE MANY KIDS WHO ARE NOW BAD-MANNERED? (II): Many Filipino parents’ neglect, lack of attention and capacity to teach their children as they are growing up constitute the principal reason why, from my point investigation/PAGE 9

Let’s not be scandalized by sin hints and traces

roy cimagala Instead of being scandalized by the many sins and all forms of evil that we see around, let’s make an effort, obviously with Christ and through his justice and mercy, to reach out to everyone and help them recover their dignity as children of God. This can only happen if we ourselves make an effort to identify ourselves with Christ. Our Christian concern for others can on l y b e e f fe c t i v e i f it comes as a consequence of our intimate relationship

with Christ through our prayers, sacrifices, and ascetical struggles to resist temptations and sins and to develop virtues.

Nowadays, this campaign of retrieving lost souls, or at least helping the confused ones, is urgent. And it is incumbent on every believer and follower of Christ to lend a hand in this. In fact, it is one of our primordial duties as a Christian. Let’s hope that each one of us becomes a burning ember wherever we are, so we can generate the warmth of Christian love to everyone.

Every day, we somehow have to come up with some concrete plans and strategies.

We cannot afford anymore to be passive and complacent with respect to this duty which should be carried out with extreme delicacy and charity.

Thus, we have to understand that in fulfilling this duty, we need to establish

deep and stable friendship with others. The approach should always be personal and intimate, not so much collective and formal. The latter style should only be a subsidiary to the person-toperson way of doing things.

Because of this, we should sharpen our social skills and try our best to be friendly with everyone in spite of our unavoidable differences and conflicts. That is why we have to learn to be tough and not allow our emotions to lead the way. We should follow Christ’s example by enlivening our faith, hope, and charity.

In this way, we can be patient and willing to suffer and bear the burdens of the others. We can even allow ourselves to be dirtied to a certain extent without c omprom i s i ng w h at i s essential in our spiritual health.

We s h o u l d t r y t o approximate what is said

in St. Paul’s second letter to the Corinthians: “God made him who had no sin to be sin for us, so that in him we might become the righteousness of God.” (5,21) If we are with Christ, we surely would be properly vaccinated against sin.

We should ask for the gift of tongue so that we can speak to others with the right words and in the right time. In other words, so that we can bring Christ’s presence and saving words and actions to the others effectively.

We have to be convinced that everyone of us needs to feel Christ’s presence and hear his words. We have to convince everyone that Christ should be the number one priority in our life, and should not be subordinated to anyone or anything in life.

Obviously, we also need to study the doctrine of Church so we become more sin/PAGE 9

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friday|december 29, 2017

CorporateWorld

5 When you’re in Davao City, Read:

HOTELS & RESORTS DIRECTORIES

VILLA MARGARITA HOTEL J. P Laurel Avenue, Bajada, Davao City, Philippines Tel. No.: (082) 221-5674 / Fax No. (082) 226-2968 MICROTEL

By Wyndham Davao Damosa Gateway Complex Angliongto Rd., Lanang Davao City 8000, Philippines Tel +63 82 233 2333 / Mobile +63 917 795 3548 www.microtelphilippines.com

Models from FAME distribute food and clothes to underprivileged persons at Gaston Park in Cagayan de Oro City last December 24. photos supplied

AboitizPower receives IMS certification

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P Renewables Inc. (APRI), a subsidiary of AboitizPower recently earned its certification from the Integrated Management Systems (IMS) recognizing APRI geothermal units for its strict adherence to International Organization for Standardization (ISO) codes for the environment and health and safety.

The certification includes the 2015 versions of ISO 9001 (Quality) and ISO 14001 (Environment) and the 2007 version of

Occupational Health and Safety Series (OSHAS) 18001 (Health and Safety) after an audit was conducted by TÜV Rheinland Philippines, an affiliate of TÜV Rheinland, a leading global testing service organization for quality, efficiency, and safety.

APRI has been internationally certified since 2015 and it continues to operate to the highest standards to ensure the quality of its products and services and the safety and wellness of its employees and host communities, as well as to help promote

environmental awareness.

This year is special for APRI because of the engagement and participation of its employees. 44 of its team members underwent trainings that are specifically designed for conducting internal surveillance audit to prepare the organization for external audit.

“The Integrated Management System guides and challenges us to always look for better ways to further the quality of our operations and services and continually satisfy our customers and

stakeholders,” according to APRI President and COO Felino M. Bernardo, noting that the certification underscores APRI’s commitment to achieving world-class operational excellence while mitigating environmental risks.

APRI is one of the leading producers of clean and renewable energy in the Philippines. It generates baseload power from its Tiwi-MakBan geothermal facilities located in Tiwi, Albay, and the borders of Bay and Calauan in Laguna and Sto. Tomas, Batangas.

(Aboitiz PR)

PINNACLE HOTEL Sta. Ana Avenue, Davao City.

No. (082) 300-5885 Telefax: 300-1881/ 221-3025 Website: www.thepinnaclehotel.com ALU HOTEL M. Roxas Avenue corner Padre Faura Street, Davao City.

Tel No (63 82) 221-5232 / Mobile (O943) 652 3927 Email: aluhoteldavao@yahoo.com info@alu-hotel.com / www.alu-hotel.com GRAND REGAL Km 7 Lanang, Davao City, Philippines Tel. 235-0888 / Fax 235-2335 email: grandregalhotelegmail.com

VIAJEROS ECONOMY HOTEL Patnubay St., Sandawa, Matina, D.C Tel. No. 297-5710 / Telefax (6382) 298-5134 Mobile: 0922.-8268425 Website: www.viajeroseconomyinn.com

ROYAL MANDAYA HOTEL J.Palma Gil St., Davao City 8000 Phils.

Tel. No. (082) 225-8888 / fax No. (082) 225-1885 info@theroyalrmandayahotel.com www.theroyalmandayahotel.com HOMITORI Bangoy Street corner Santa Ana Avenue, Davao City Tel. No. (082) 295-2969 & 295-2471 / Mobile: (0922) 8994646 Email: homitoridvo@gmail.com or Like us on www.facebook.com/pages/Homitori-Davao BIG APPLE HOTEL Brgy. Angliongto, Lanang, D.C. Hotline Nos.: (082) 234-8459 Facebook account: bigapplehotel@ymail.com Email: bigapple_hotel@ymail.com

Vista Land aims to become integrated mixed-use developer VISTA Land & Lifescapes Inc., listed property developer of the Villar family, expects to continue posting doubledigit revenue and profit growth, as it aggressively expands in line with its goal to become an integrated mixed-use developer by 2020.

Vista Land Chairman Manuel B. Villar Jr. is confident its core residential business will hit 12 to 15-percent growth a year, while the leasing business through malls will be growing at a more rapid pace of 22 to 25 percent over the next three years.

“Our goal is to

transform this housing developer into an integrated mixed-use developer,” he told reporters. “We will be a mixed-use developer like Ayala, SM, Megaworld.

We hope to be in that league after a while, in three years.”

Villar said its residential business is further expanding to new cities and municipalities in the country, while malls and office buildings are also rapidly being rolled out, particularly in areas where the company has already developed healthy communities.

“Right now, we have 72 commercial assets

consisting of 22 malls, seven office buildings and 50 community malls and other retail formats.

Our malls alone will be increased to 60 in three years,” he bared.

Villar noted Vista Land continues to grow its business in anticipation of an expected reverse migration wherein millennials will eventually move out of Metro Manila to look for bigger but more affordable homes.

“We are now the biggest property developer outside Metro Manila, so it benefits us that government policy is moving towards the countryside,” he said.

Aside from malls, Vista Land is also looking to generate more recurring earnings from its hotel business which currently has a presence in Tagaytay and Boracay Island.

“We will be opening six new hotels in three years,” said Villar, adding that two hotels will be open in the first quarter of 2018.

He added these will be a combination of its own Hotel Mella brand and international hotel brands and will be located in Boracay, Tagaytay, Balanga in Bataan, Cebu and Vista Alabang in Daang Hari. (PNA)

Seda on track to reach 3,500 rooms by 2019 AYALALAND Hotels and Resort Corp. (AHRC) looks to meet the growing demand for hotel accommodations in Metro Manila and the CebuMactan area as it continues to expand its homegrown hotel brand Seda.

Citing figures from the Department of Tourism, AHRC said Metro Manila

will have a room gap of 69,185 by 2022, while the Cebu-Mactan area would be unable the demand for 14,931 more hotel rooms in the same period. This follows the surge of both foreign and local tourists in key destinations in the country.

With this, Seda hopes to bridge the gap by

adding over 2,000 rooms across seven hotels until 2019, concentrated in central business districts in the metro as well as in Cebu.

The new Seda hotels will rise in El Nido, Palawan, ALI’s Circuit estate in Makati City, Arca South in Taguig, Ayala North Exchange in Makati,

the Bay Area in Parañaque, Cebu Business Park, and the Cebu IT Park. The company will also be expanding its flagship branch, Seda Bonifacio Global City in Taguig, with the addition of 342 more rooms.

By 2019, the Seda hotel chain’s total capacity seda/PAGE 9

THE PERIDOT SUITES Carmelite Drive, Lanang, Davao City Tel. no.: (082) 305-6530 / Fax no.: (082) 305-38I2 Email: theperidotsuiles@gmail.com AZIENDA MEO APARTELLE 11 Corner Pioneer and Doña Vicenta Village, Phase 1, Davao City Telefax. No: (082) 227-4119 & 284-6689 Cell Phone No. 09256652626 Website: www.aziendameo.com Email Add: aziendameo@yahoo.com.ph Big 8 Corporate Hotel Visayan Village, National Highway, Tagum City Mobile nos. 09173029063 & 09328539372 Tel. No.: (084)216-0888 Email: info@big8corporatehotel.com www.facebook.com/big8corporatehotel.com www.big8corporatehotel.com HOTEL ELENA Avenida Santos Ave., Nova Tierra Vill, Lanang, D.C Tel. Nos. (082) 233-1941 & 305.8799 / fax No. (082) 233-1887 PARADISE ISLAND Tel. No. (082) 233-0251 & 300-2343 / CP No.: 09209546780 E-mail: paradiseislanddavao@gmail.com MARCO POLO DAVAO C.M Recto St., Davao City davao@marcopolohotels.com www.marcopolohotels.com (63 82) 221-0888 HOTEL ESSE Brgy. 9-A F Torres Street, Davao City Hotline: No: 227-37-73 / Fax: 295-34-85 Website: www.hotelessedavao.com.ph Email Add: hotel_esse_davao@yahoo.com RUEMANGO APARTELLE & SUITES 516 Mangga St., Juna Subd., Matina, Davao City ruemangoapartelleandsuites@gmail.com www.ruemango.com Tel. Nos.: (082) 295-7175/ 295-7180

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Banking&Finance Wholesale price increases MSMEs get lion’s share slow down in October: PSA on DTI’s 2018 budget

B

ULK of the budget of the Department of Trade and Industry (DTI) next year is allocated to its projects and programs to help micro, small, and medium enterprises (MSMEs) in the country.

DTI Secretary Ramon Lopez said the agency is getting P5.8 billion next year under the 2018 General Appropriations Act (GAA) signed into law by President Rodrigo Duterte last week.

He said that this budget was higher from the P4.7 billion allocation for the DTI this year.

Lopez said budget for

friday|december 29, 2017

MSME initiatives alone reached about P2.0 billion.

Some P1.0 billion was allocated for shared service facility (SSF) program, which provides equipment to MSMEs to produce quality products and make the sector more competitive in both domestic and international markets.

The budget was augmented in the Senate with additional P800 million for the SSF program.

It was reported by Lopez early this year that the SSF program would be getting P200-million allocation for 2018.

With the higher budget for SSF program, the DTI chief said the agency can roll out at least 200 shared service facilities, adding to the current 2,000 facilities nationwide.

“That 200 facilities is like 10 percent of the current,” Lopez said, noting that the 200 facilities will be shared by small-size businesses through cooperatives.

“It’s good enough. We can help more MSMEs,” he added.

Lopez stressed that providing machines and equipment especially to micro entrepreneurs is a “vital ingredient” to

help MSMEs grow their activities.

Moreover, DTI’s microfinance program Pondo sa Pagbabago at Pag-asenso (P3) under its financing arm Small Business (SB) Corp. also got P1.0 billion fund in 2018.

Lopez said the department had disbursed close to P1.0 billion for this year for microfund borrowers, particularly to individuals in the provinces who would like to fund their entrepreneurial activities.

The P3 was launched January 2017 to give better

WHOLESALE prices of commodities at the national level increased at a slower pace in October 2017 from the previous month due mainly to the decline in the prices of chemicals and fats index, the Philippine Statistics Authority (PSA) reported on Friday.

Data from the PSA indicated that the general wholesale price index (GWPI) decelerated to 3.4 percent from 4 percent in September and 3 percent in October 2017.

The annual hike of GWPI in Mindanao was higher at 4.1 percent in October 2017, while that in Visayas was slower at 3.9 percent and Luzon at 3.3 percent.

The PSA attributed the slower annual gains in

October to the indices of crude materials, inedible except fuels (5.9 percent); mineral fuels, lubricants and related materials (15.3 percent); machinery and transport equipment (0.8 percent); and miscellaneous manufactured articles (0.1 percent).

It said a higher annual increment of 9.3 percent was posted in beverages and tobacco index.

The food index also went up by 0.9 percent from a zero growth in the previous month.

On a monthly basis, the GWPI at the national level increased by 0.9 percent in October from 0.7 percent the previous month due to higher upward adjustments in the indices of food and beverage and tobacco.

(PNA)

6 Asian banks in talks with BSP for establishment of local offices SIX ASIAN BANKS are in talks with the Bangko Sentral ng Pilipinas (BSP) to venture into the local market, a senior official said, signalling mounting interest towards the Philippines as it continues to enjoy robust growth.

BSP Deputy Governor Chuchi G. Fonacier said several Asian lenders have “signified interest” to establish their presence in Manila, as these banks pursue expansions within Southeast Asia.

Although she refused to name the lenders, Ms. Fonacier noted two of the live inquiries came from Taiwanese banks, two from China, one from Indonesia, and one from South Korea.

Seoul-based media reported back in July that KB Kookmin Bank is currently looking to set up a branch in Manila after plans to acquire a 20% stake in Philippine lender East West Banking Corp. did not materialize.

Ms. Fonacier earlier pointed out “aggressive” expansions among Taiwanese and South Korean banks as they catch up with their corporate customers who are also setting up businesses in this country.

She clarified that these lenders have yet to file formal application documents with the regulator.

Eleven foreign lenders have entered the Philippines since the signing of Republic Act 10641 in 2014, which lifted the previous limit that allowed only 10 global banks to operate in the country at a given time.

Prior to this, a new foreign bank can set up a branch here only if one of the previously accredited foreign lenders bails.

Of the new players, five banks originate from Taiwan: Cathay United Bank, Yuanta Commercial Bank Co. Ltd., First Commercial Bank, Hua Nan Commercial Bank Ltd., and the Chang Hwa Commercial Bank, Ltd. Three are from South Korea: Industrial Bank of Korea, Shinhan Bank, and Woori Bank. Others are the Japan-based Sumitomo Mitsui Banking Corp. and the Singapore-based United Overseas Bank Ltd. Approved in November, Malaysia’s CIMB Bank is the newest to win the nod of the Monetary Board for a full branch here. This completes plans of its parent firm CIMB Group

Holdings Berhad to expand their footprint in every country within the Association of Southeast Asian Nations.

BSP’s Ms. Fonacier said foreign lenders are seeing the robust growth of the Philippine economy as an opportunity to score additional yields, especially with both consumer and corporate lending posting double-digit expansions. “[F]oreign banks are aggressively entering the Philippine market given the economic conditions of the Philippines,” Ms. Fonacier said in a recent interview with BusinessWorld. “I think the expectation is more foreign banks coming in than domestic banks expanding abroad.”

A strong middle-class market as well as a young population also makes the Philippines more attractive for foreign players looking for new clients.

The Philippine economy grew by 6.9% during the third quarter, bringing the nine-month pace at 6.7% versus the 6.5-7.5% growth goal for 2017. By next year, the government is targeting an expansion of between 7-8%.

BSP, PCC sign pact to promote fairer competition among banks FAIR competition among banking industry players got a boost following the signing of a Memorandum of Agreement between the Bangko Sentral ng Pilipinas (BSP) and the Philippine Competition Commission (PCC) Friday.

In a briefing, PCC Chairman Arsenio Balisacan said the pact with the central bank is the fourth for PCC, so far, and is aimed at ensuring ease of doing business among financial institutions.

“We want to avoid possibilities of overlaps in our processes, (the) unnecessary implications in the processes and (to) harmonize our procedures,” he said.

The PCC chief said they also

aim to “be able to enforce the law well by sharing information to the extent allowed by applicable laws and our respective government agencies.”

“The critical element here is the facilitation of our processes in such as way that the processes are efficient and therefore will not undermine efficiency in business operations and at the same time will achieve our objective of promoting consumer welfare,” he said.

Based on the 2017-18 Global Competitiveness Report of the World Economic Forum , the Philippines’ ranking slipped to 56th place from 57th place in the previous year, with inefficient

government bureaucracy cited as the most problematic factor in the country.

Balisacan said competition and market efficiency were among the unfavorable aspects noted in the Philippines.

“With the robust enforcement of competition here we expect to address that and hopefully will help improve our competition in the global front,” he said.

Under the law, PCC is mandated to review mergers and acquisitions, among others, to make sure that consumers will not be disadvantaged by these.

Under the MOA, the BSP and the PCC will be sharing competition/PAGE 9

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CONGRATULATIONS! To all inducted club officers, regional officers & installation of the governor for eagle year 2018, kuya Anjun "ALAM NA" Gomez (GOVERNOR, NMR1 2017 & 2018) Fraternally yours, kuya Dr. Ferdinand Miranda (VICE GOVERNOR, NMR1 2018) kuya Gualberto Cortez (NATIONAL ASSEMBLYMAN NMR1 2018) kuya Dexter Agustin (NATIONAL ASSEMBLYMAN NMR1 2018) kuya John Stewart Adlaon (NATIONAL ASSEMBLYMAN NMR1 2018) kuya Dante M Sudaria (REGIONAL PRESS 2018) kuya Andy Tiro Paurom (PEIL DIRECTOR, NMR1) kuya Eagle NP Louie Ceniza (NATIONAL PRESIDENT 2017) kuya Erlquin Lim (NATIONAL PRESIDENT 2018) kuya Florentino Roa Dumlao III (NATIONAL ATTORNEY GENERAL 2017) kuya Dr. Gilbert Gille (PENAPLE CHAIRMAN 2018 & 2019) "PENAPLE CHAIRMAN EXECUTIVE STAFF 2018 & 2019" 1) kuya Raymond Diamzon Dizon 2) kuya Angelito Alcantara Fonacier Cadiz (PRESIDENT of OPOL eagles CLUB 2018) 3) kuya karL Ugsod / Shiankarl Torque (NATIONAL INFORMATION SECRETARY 2017)

MABUHAY ANG AGILA! MEDIA SPONSORS:

MERRY CHRISTMAS TO ALL KUYA!

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Sin...

from page 4

familiar with the teachings of Christ and more able to discern his will and ways, especially given our very complicated times nowadays.

We need to assimilate these teachings well, making them flesh of our flesh.

We should try our best to be always consistent in our Christian identity so that we avoid becoming Christians in name and in words only. Sad to say, we are seeing many who are inconsistent in their Christian identity. We need to correct this inconsistency. roycimagala@gmail.com

Investigation... from page 4

of view, these kids grow up to be rebellious, bad-mannered, and shamelessly disrespectful of their elders.

To remedy this, parents must endeavor to sincerely pay attention to their children everyday of their lives, as much as possible. From what I have experienced, the best way of paying attention to children is by patiently teaching them the Word of God from the Bible. What parts of the Bible must parents teach their children?

First, we must teach our kids that there is a God and Savior who created all of us and who also has the power to take us out of this world.

We must teach them the awesomeness of this power of God, which can give us the good, happy, and prosperous lives we all dream of having, if we only listen to, and obey, His commands. We must also teach our children that God is just, who will not hesitate to punish anyone who disobeys Him, in this world and in eternity.

-ooo FOR QUESTIONS, REACTIONS: If anyone would like to ask me any question about what the burning issues of the day, or what we have discussed here, or to consult on any problem, whatever it maybe, please call 0917 984 24 68, or email me at batasmauricio@ yahoo.com, or post your concerns at www.facebook. com/attybatas. Promise, I will answer right away. Thank God in the Name of Jesus, Amen!

Seda... from page 5

will reach 3,500, from its current count of 1,409.

AHRC earlier announced it has committed to spend P15 billion for this expansion program.

“Being a wholly owned Filipino company, we have a deep understanding of opp or tunities in the market. We were the first to bridge the gap between the luxury and budget hotels by offering a modern facility with efficient ser vice at competitive rates. Solid d e m and for ou r hotel s continues to steadily g r o w,” A H R C S e n i o r Group General Manager Andrea Mastellone said in a statement.

From starting with only

179 rooms in 2012, AHRC has managed to grow the Seda brand to its current capacity by offering new formats. The company noted it has started constructing bigger hotels with at least 250 ro oms. S eda Ver tis North in Quezon City for instance is its largest so far, with a capacity of 438.

Seda is also working on improving its services by t apping inst itut ions such as the American Hotel and Lodging Educational Institute to train its managers. This complements the hotel’s in-house courses.

“Once a new employee has embraced our culture, we then proceed with the technical training to improve skills. Training a n d d e v e l opm e nt h av e been key to our success and we will continue to invest resources in this area so staff are empowered to create memorable guest exp eriences,” Mr. Mastellone said.

Parent company Ayala L and, Inc.’s net income jumped 18% to P17.8 billion in the nine months ending September, driven by a 16% hike in revenues to P98.9 billion.

Competition... from page 6

information on mergerrelated pro cedures and formulation of rules and issuances, among others.

BSP Deputy Governor Chuchi Fonacier, during the same briefing, said the central bank fully supports PCC’s mandate because it penalizes all abuses in competitiveness agreements.

“The execution of this Memorandum of Agreement between the BSP and t he PC C is t herefore a necessary development in the performance of our mandates as it harmonizes the law and the rules that we respectively implement as head agencies and provides mechanisms to address issues and concerns related to or arising therefrom,” she said.

PCC’s MOA with the BSP is its fourth so far after the agreement with the Commission on Audit , the Philippine Statistics Authority and the Philippine S ecurities C ommission.

(PNA)

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

BPI issues ’17 Christmas holiday schedule BRANCHES of Ayala-led Bank of the Philippine Island (BPI) and its thrift banking arm, BPI Family Savings Bank (BFSB), will operate on extended banking hours on the remain weekdays of December 2017 until January 3, 2018.

Since last Dec. 8, 119 BPI branches and 49 BFSB branches have been operating until 6 p.m. on weekdays and this will be implemented until Jan. 3 next year, the bank said in an advisory.

It said 96 BPI and 17 BFSB branches have been operating on Saturdays since last Dec. 9 and this will last until Dec. 23.

BPI EVP and Retail Banking head Joey Gotuaco said the extended banking hours gives their customers convenience during the EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND Notice is hereby given that the intestate estate of CARLOS MONTANO, who died on APRIL 20, 2009; that the said deceased, at the time of his death, left a Parcel of Land situated in BRGY. MAMBUAYA, CAGAYAN DE ORO CITY; CTC No. 46585; Lot No. 58, containing an area of 24, 135 SQAURE METERS, more or less; CARLOS MONTANO is the subject of EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND; is made and entered into; HEIRS OF THE LATE CARLOS MONTANO rep. by his legal wife VELLY R. MONTANO; and their legitimate children; ALFREDO R. MONTANO, ROLANDO R. MONTANO, MARILYN R. MONTANO, RENE R. MONTANO, RICO R. MONTANO, BRANDO R. MONTANO, JOENEVIE R. MONTANO, FRANCO R. MONTANO, AND MARY BEA R. MONTANO, all of legal age, Filipino citizens, all single, with residence and postal address at DANSOLIHON, CAGAYAN DE ORO CITY, hereinafter referred to as the HEIRS/SELLERS; BONN JAYNUS A. LORA, likewise of legal age, Filipino citizen, single, with residence and postal address at Apovel Subd., Bulua, Cagayan de Oro City, hereinafter referred to as the BUYER/VENDEE; That for and in consideration of the sum of EIGHTY THOUSAND PESOS ONLY (Php 80,000.00) Philippine Currency receipt of said amount is hereby acknowledge by the SELLER/VENDOR after the amount is paid in hand by the BUYER/S or VENDEE/S the SELLER/S or VENDER/S hereby SELL, CEDE, TRANSFER and CONVEY the above-described properties containing an area ofCDO TWENTY THOUSAND MAIN FOUR BRANCH ONE THIRTY FIVE P & JHUNDRED Lim Bldg., Tiano Brothers (24,135) SQUARESts., METERS, more Kalambagohan orTel. less# in favor of727-829 the BUYER/S or (08822) * VENDEE/S his/her heirs, assigns Telefax # (088) 856-1947 or successors-in-interest, free from any liens BRANCH and encumbrances, CAMIGUIN free from any B. Aranas St.,third-party Poblacion,claimant whomsoever and the same is nonMambajao, Camiguin tenanted.

Under Notary Public of Tel. # (088) 387-0491 Atty. EMELITO J. MARQUINO; Doc. No. 316;BRANCH Page No. 63; Book CORRALES No. XIII; Series Corrales Ave., of 2017.

Cagayan de Oro City

BWM: Dec. 29, 2017, Jan. 5 & 12, 2018

holidays.

“We will also be extra vigilant in making available our automated ATM (Automated Teller Machine), online, mobile and phone banking channels,” he said.

BPI clients can access the complete list of BPI and BFSB branches that have extended operating hours through the bank’s website. (PNA) EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND Notice is hereby given that the intestate estate of the deceased PEDRO J. GARCIA, who died on MARCH 06, 2015 at KALUMIHAN, KITAOTAO BUKIDNON & BEATRIZ ARELLANO GARCIA who died on June 12, 2014 at BLK. 14 LOT 5, VIRGINIA HOMES, IPONAN, CAGAYAN DE ORO CITY; That the deceased. At the time of their death left a Parcel of Land situated in KALUMIHAN, KITAOTAO BUKIDNON; CT No. AO-8586, LOT 211-F, CSD10—010350; A PARCEL OF LAND (Lot 211-F, Csd-10-010350 (AR), being a portion of Lot 211, Pls-112, Kibawe Public Land Subdivision, situated in the Barangay of Kalumihan, Municipality of Kitaotao, Province of Bukidnon, Island of Mindanao. Containing an area of TEN THOUSAND SIX HUNDRED FORTY ONE (10, 641) SQUARE METERS, more or less.PEDRO J. GARCIA & BEATRIZ ARELLANO GARCIA is the subject of EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND; is made and entered into PERLITO ARELLANO GARCIA, of legal age, Filipino citizen, married to MARY GLYNN Q. GARCIA, with residence and postal address at Blk. 14, Lot 5, Virginia Homes, Iponan, Cagayan de Oro City; JOCELYN GARCIA CARALDE, of legal age, Filipino citizen, married to ARTURO S. CARALDE, with residence and postal address at Brgy. 17, Toto Extension, Gingoog City; and MELBA GARCIA OCAÑA , likewise of legal age, Filipino citizen, married to CESAR L. OCAÑA, residence of Purok 6A, Valencia City Bukidnon, hereinafter referred as the HEIRS/SELLERS/VENDORS; AND PERLITO ARELLANO GARCIA, of legal age, Filipino citizen, married to MARY GLYNN Q. GARCIA, with residence and postal address at Blk. 14, Lot 5, Virginia Homes, Iponan, Cagayan de Oro City; hereinafter referred to as the BUYER/VENDEE; That for and in consideration of the sum of TWO HUNDRED THOUSAND PESOS ONLY (Php 200,000.00) Philippine Currency, receipt of said amount is hereby acknowledge by the SELLER/ VENDOR after the amount is paid in hand by the BUYER/S or VENDEE/S the SELLER/S or VENDER/S hereby SELL, CEDE, TRANSFER and CONVEY the above-described properties ONLY PORTION OF FIVE THOUSAND THREE BRANCH HUNDRED TWENTY DIVISORIA POINT FIVE (5,320.5)Bldg., SQUARE Atty.

Erasmo B. Damasing more #61METERS, Don A. Velez St.,or less in favor of the BUYER Cagayan de Oro or CityVENDEE his/her assigns or successors-inTel.heirs, # (088) 857-3631 interest, free from any liens and encumbrances, LAPASAN BRANCH free from any third-party claimant whomsoever Lapasan Hi-way, and the same Cagayan de Oro Cityis non-tenanted.

Public of EMELITO Tel.Under # (088)Notary 231-6739 J. MARQUINO; Doc. No. 431; Page No. 86; Book No. XIV; CARMEN BRANCH Series of 2017.

Vamenta Blvd.,Cagayan de Oro City Tel. # (088) 231-2011

BWM: Dec. 29, 2017, Jan. 5 & 12, 2018

0935 161 3398

856-3344 / 74-53-80

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US-based CDO-born gospel singer holds show R

ANDY Bañas, the Cagayan de Oro-born former advertising executive and now a successful gospel singer based in the United States, held his homecoming concert a day after Christmas at Centrio Mall here.

Bañas played a total of several original compositions, culled from his debut album The Gospel which is available in Spotify and other digital platforms plus CD copies in selected outlets.

During the 7:00 p.m. concert last December 25, Bañas was backed by two front acts – Dayeg 2017 winner Kings, New Life Music Ministry and

Story by MARK FRANCISCO

Bañas’ home church Burning Bush.

Through a variety of styles from contemporary worship to blues, rock and Christian country, Bañas’ music reflects both his Filipino roots and American influence.

The Spanish melody and lyric in My God My Everhtying are testament to his wide range of talent and influence. I Will Rejoice, the title track The Gospel and My God My Everything are leading examples that Bañas has a gift to share with the world.

“It is a gift that gives glory to God and simply refreshes one’s spirit with the Lord’s

presence,” Bañas said in a pre-concert press conference held at VIP Hotel at the height of tropical storm Vinta last December 22.

Bañas used the situation that no storm can undermine God’s mercy to Cagayanons and at a wider audience, Northern Mindanaoans, and it is in this inspiration that Bañas left the prolific advertising industry altogether to start a life as a music evangelist.

That was in 2015.

From thence, Bañas has never looked back.

In fact, he has already written 68 godly songs.

And counting. photo supplied

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Electric... from page 1

Speaking during the release of the company’s yearend report, Moresco 1 institutional services manager Edna Diango said that even as the utility has raised concerns over certain provisions in the WESM implementation, they are obliged to follow the law.

Af te r 1 2 mont hs of ongoing trial by the Philippine Electricity Marketing Corporation (PEMC), WESM in Mindanao is set to go full blast by May next year.

Diango said that in the meantime, Moresco 1 remains steadfast in its opposition of the P32 per kilowatt hour maximum cap. It also raised the possibility of a limbo in the usage of electricity supply that had already been contracted in 2013 in the midst of rotational outages yet remain unused to this day due to the mushrooming of power plants in the island between that year to the present.

“What will happen to the unused power supply that has already been paid for if we accommodate the spot market,” Diango asked rhetorically.

Moresco 1 is also in the position to defer the implementation of WESM while the Luzon-Visayas g r i d has not ye t b e e n interconnected to Mindanao’s.

“We have lots of power here. We can sell to the grid in Luzon and Visayas and that will really pull the prices in the spot market significantly down,” Diango said.

But Diango said that in t heir di a logue w it h D e p ar t me nt of E ne rg y (DOE) officials in Davao just last week, DOE frowned upon their proposal for the deferment of the WESM implementation.

“They said it was just too costly for the project to be postponed because every infrastructure and system in the trial run by all stakeholders is already in place,” she said.

Once fully implemented, WESM will be a direct competition to conventional electricity generation here that runs from power plants fed directly to the grid.

Shark... from page 1

of his research vessel Petrel as the shark swam out of the dark while they were locating the warship.

Us i n g c a m e r a s o n their remotely operated submersible vehicle, the crew zoomed in to get a better look and were able to identify the species as a bluntnose sixgill shark.

Robert Kraft, director of Subsea operations and Paul Mayer, deep sea pilot and researcher both told this writer early this month that they were amazed by this rare creature.

“This is the first time in the Philippines that this rare shark was caught on cameras,” the duo said early this month abroad RV Petrel.

Kraft said they took a video of the creature last

December 2 while exploring sunken warships in Ormoc Bay. “ This is remarkable footage of the bluntnose sixgill shark, a rare and deep-dwelling species of shark,” said Gonzalo Araojo, executive director of the Large Marine Vertebrates Research Institute Philippines. “This, to our knowledge, is the first live encounter with the species in the Philippines, with only a few records known from fisheries. It highlights the rich marine biodiversity of the country and the need to sustainably manage it.”

This writer obtained the footage of the shark last Monday. The video can be seen through RV Petrel Facebook page or can be viewed at www.paulallen. com.

Reaching up to 15 feet long, the bluntnose sixgill shark (Hexanchus griseus) is one of the largest sharks in the world, but uncommon in the area. Reflecting primitive characteristics from the Triassic period, the shark has more extinct relatives than alive.

While the Philippines has nearly 200 kinds of sharks and rays, local researchers say this species of shark has never been documented alive in the country’s waters until this expedition.

Sixgill sharks serve an important ecological role in many deep-sea and shelfslope habitats. Little is known about this species of shark, as they live so close to the ocean floor and are rarely surveyed by scientists.

“We still know so little about deep sea ecosystems around the world, and sig htings like t his one provide exciting glimpses of these important species and habit ats,” said Dr. Mike Heithaus, co-lead principal investigator for Global FinPrint and Florida International University marine scientist.

Paul Allen launched Global FinPrint in summer 2015 to bring together collaborators around the world to fill a critical information gap – tracking the diminishing number of sharks, rays and other types of marine life. Global FinPrint aims to aid in management and conservation efforts for life on coral reefs.

Early this month, Petrel discovered American destroyers USS Ward and USS Cooper in Ormoc Bay. Prior to these finds, five Japanese warships consisting of two dreadnought battleships – Fuso and Yamashiro – and three Asashio class destroyers Yamagumo, Asagumo, and Michishio were also found by the same crew in Surigao Strait during their expedition on Nov. 22- 29.

In 2016, Allen purchased the R/V Petrel, a 250-foot research and exploration vessel. Petrel’s advanced underwater equipment and technology make it one of the few ships in the planet capable of exploring up to 6,000 meters. Following a 2017 retrofit, Petrel and its

crew use state-of-the-art underwater technology for deep-sea expeditions. (Roel N. Catoto/MindaNews)

Poverty... from page 1

would bear fruit next year.

He a d d e d t h at t h i s infrastructure expenditure would surely boost Bukidnon’s economy.

“Hoping prices of commodities will remain steady and tax exemptions for P20,000 a month income earners will be implemented in 2018,” said computer shop owner Maria Fe Brazil, 46, of Patpat, Malaybalay City.

Former television reporter Roy Perfuma, a university history educator, said he exp e c te d t he a l lo c ate d infrastructure projects in the province would be in full swing next year, given the “build, build, build agenda of the Duterte administration.”

He said he is looking at the Bukidnon Domestic Airport in Don Carlos town and the proposed P500-million provincial sports complex as examples.

“This would mean greater job opportunities for those in the construction sector,” he added.

Manolo Fortich town mayor Clive Quiño said he wished to see his municipality as the site of the first Public E conomic Z one in t he province and a preferred investment site.

He said they envisioned a tourism hub, which involves not just the able capitalist but also the barangays and the marginalized sectors.

“More importantly, I wish to see every sector of society more empowered and actively participating in making Manolo Fortich as a community inhabited by happy, peace-loving and responsible citizenry,” Quiño added.

Engr. Winnie Angit, municipal planning and de velopment of f icer of Kitaotao, said he sees a robust local economy because of the influx of investment for support infrastructure and utilities for agriculture, manufacturing and social services sector.

Broadcaster and bu s i n e s s m an A r m an d o Benabaye, of the Kapisanan ng mg a Bro d k a s te r s a Pilipinas (KBP)-Bukidnon chapter, said he looks forward to “faster development” in Bukidnon in 2018.

Dr. Lourdes G. dela Torre, a Maramag-based educator and peace advocate, said Bukidnon is observed to be developing fast using the modernist perspective.

She added that lots of infrastructures are in place to cater to the needs of investors for a “favorable investment climate”. She said this climate includes the presence of better roads, bridges and stable power supply.

Samuel Langub, public i n for m at i on of f i c e r of Valencia City, sent insights while covering the impact of tropical storm “Vinta” in his area. He said he expects “m ore i nve stors , m ore employment opportunities,

more productive agriculture sector, more infrastructure and eco-tourism in the province.”

Per f uma adde d t hat that government should pay immediate attention on infrastructures badly damaged by TS Vinta, citing the old Batangan bridge, which was washed out by flood.

Langub said it is the Valencianos’ wish that the old bridge will be included as priority in the agenda of the provincial government as well as the national government.

But Felix Vergara, board member of the First Bukidnon Electric Cooperative (Fibeco), said the energy sector, especially the electric cooperatives as distribution utilities, has to brace for possible exponential increase in electricity bill due to the implementation of the Tax Reform Acceleration and Inclusion (TRAIN). This he said is due to increased tax levy on imported fossil fuel like coal.

He, however, maintained that there is good prospect for the province as bullish investors are coming in. “[This means] more energy sales,” he added.

Vergara noted that two other game changers are the Bukidnon Domestic Airport in Don Carlos town and the Pulangi hydroelectric power plant in Kibawe.

Dr. Gloria R amos, a retired public administration professor, said there should be more investments and production in Bukidnon in 2018. But she lamented the lack of concrete streets in the city.

Roderico Bioco, president of the Bukidnon Kaamulan Chamber of Commerce and Industry Inc. (BKCCII), said major power generation investments are coming online but still expected alleged “poor management and bad governance in our electric cooperatives”.

But he is optimistic that the poverty situation will improve with incidence going down or at least “it will plateau” next year.

Bioco said one of his bases is the number of farmers who planted white corn because the prices went up. But he added that the situation in the sugar industry is different where he expects prices to dive. He said planters would likely diversify to other crops.

He welcomed the idea of infusion of P300 million through livelihood projects but he said the challenge is in the quality of intervention that could reach ever y household whose income is identified below the poverty line.

Bioco said another challenge aside from limited resources is how to prime up the local economy to provide job opportunities.

“We are also relying on private sector investment and national government programs,” he added.

Ta l a an d i g D atu Vi c Migketay Saway said they are expecting that the province’s problem of hunger and poverty would be solved in

2018..

His brother, musician and visual artist Rodelio “Waway” Saway, said they hope that the province will be removed from among the ranks of the poorest provinces in the country.

Emma Molina, of the civil society group Barog Bukidnon, said one way to see if poverty is already solved is that there will be no longer poor persons falling in line asking for cash assistance at the Capitol Grounds.

“Give them permanent livelihood instead,” she added in her insights.

“Bukidnon should no longer be considered as one of the poorest provinces in the Philippines, but the richest,” Molina added.

Quezon City-based Garie Briones, from Casisang, Malaybalay City, said he wished Bukidnon were not in the list of 20 poorest provinces.

“It’s very embarrassing and could be an indication of how the local government units are poorly managing resources or a lack of foresight or plan,” he added.

Briones, a development worker doing projects in democratic governance, said LGUs could use updated data to address poverty such as community-based management system (CBMS) and align efforts through the framework of the United Nations’ Sustainable Development Goals. (Walter I. Balane with a report from Rashia Mae Deva E. Paano/BukSU Development Communication intern)

Products... from page 2

the two programs that he will focus next year (2018) is the public-private partnership and the link to the world.

He said that aside from improving the products, the provincial government will also establish trade relations with other countries like Brunei Darussalam and Indonesia. (PIA11, MUy)

Concert... from page 3

O f f i c e r, D r. L e op o l d o Vega, as wel l as f rom American nonprofits led by StarMatchFund, a crowd funding platform based in Philadelphia, PA. In Davao City, the mission’s supply shipment will be consigned to Dr. Abdullah Dumama, the Assistant Secretary and Regional Director of Davao City’s Department of Health XI. Pledges of support have been received from Governor Mujib Hataman of the Autonomous Region in Muslim Mindanao, the US-Philippines Society, and other groups.

An invitation to attend “Music & Mercy for Marawi” was extended to the new Philippine Ambassador to the US, His Excellency Jose Manuel ‘Babe’ Romualdez. For “Music & Mercy for Marawi” ticket information, to sponsor the fundraising concert, or to provide donations to the Montero Medical Missions, call (757) 652-9953 or visit (www. monteromedicalmissions. org).

Hurst... from page 4

take charge of our heart that we will have His love and strength to be the first to forgive and make peace, so we can enjoy a happy life with our family and friends.

Today, won’t you ask Jesus to give you His power to be a peacemaker—before it’s too late? Just Think a Minute…

Hotline... from page 4

nation that need immediate surgical solutions under the extended declaration of martial law in Mindanao.

Always at his trademark oddity, Duterte’s first order of the day starts with a gargantuan task in rebuilding not only Marawi, but the entire nook and cranny of ‘devastated’ Mindanao --politically, culturally and socially. (ruffy44_ph2000@ yahoo.com)

EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND Notice is hereby given that the intestate of RUSTOM C. OBSIOMA & ZITA MAGALLANES, who died on July 13, 2013 and April 30, 2011 in Igpit Opol, Misamis Oriental.

That the said deceased, at the time of their death, left a Parcel of Land situated in Lunocan, manolo Fortich Bukidnon; TCT No. T-52373; Lot 9986D-3, containing an area TWO HUNDRED SEVENTYSEVEN (277) SQ. M. MORE OR LESS; RUSTOM C. OBSIOMA & ZITA MAGALLANES is the subject of EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND; is made and entered among; VERLA OBSIOMA VILLANUEVA (married), LEONITA OBSIOMA TAGURMACON (married), ELDIE OBSIOMA GOLOSINO (married), AQUILINA P. OBSIOMA (married), NORY OBSIOMA SACUSO (married), and ADELINA OBSIOMA NAGAC (married), all of legal age, Filipino citizens, all married, with residence and postal address at Zone 1, Igpit Opol, Misamis Oriental, hereinafter referred to as the HEIRS/SELLERS/ VENDORS; RODANI G. UMASAS, likewise of legal age, Filipino citizen, single, with residence and postal address at #272 Bonbon Opol, Misamis Oriental Oriental, hereinafter referred to as the BUYER/VENDEE; That for and in consideration of the sum of THREE HUNDRED THOUSAND PESOS ONLY (Php 300,000.00) Philippine Currency, receipt of said amount is paid amount is hereby acknowledge by the SELLER/ VENDOR after the amount is paid in hand by the BUYER/S or VENDEE/S the SELLER/S or VENDER/S hereby SELL, CEDE, TRANSFER and CONVEY the above-described properties containing an area of TWO HUNDRED SEVENTY SEVEN (277) SQUARE METERS, more or less in favor of the BUYER OR VENDEE his/her heirs, assigns or successors-in-interest, free from any liens and encumbrances, free from any third-party claimant whomsoever and the same is nontenanted. Under Notary Public of Atty. Emelito J. Marquino; Doc. No. 438; Page No. 87; Book No. XIV; Series of 2017.

BWM: Dec. 15, 22 & 29, 2017

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friday|december 29, 2017