BusinessWeek Mindanao (December 2, 2016)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 079

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Friday | December 2, 2016

Energy stakeholders split X X Briefly on Mindanao spot market

Market Indicators

As of 6:12 pm December 1, 2016 (thursday)

FOREX

PHISIX

US$1 = P49.77

6,864.87

2.7

cents

83.67 points

LGU Summit

MARAWI City -- The Autonomous Region in Muslim Mindanao ( A RM M ) i s h o l d i n g t h e 3 r d Local Government Unit (LGU) Summit geared towards regional development from November 30 to December 1 in Davao City. A total of 116 municipal mayors with their planning officers, two city mayors, five provincial governors, and members of the 9th regional legislative assembly are expected to participate in the two-day summit. To be held in coordination with the Department of Interior and Local Government (DILG) national office, this year’s summit carries the theme “Pagkamulat, Pagbabago, Pag-Unlad”.

Ambisyon Natin THE National Economic and Development Authority of Region 10 (NEDA-10) launched Ambisyon Natin 2040 in Cagayan de Oro City on November 21 and 22, 2016 for the business/industry and the youth/academe cluster, respectively.

NEDA-10 Director Leon M. Dacanay, Jr. shared that Ambisyon Natin 2040 is a vision, not a plan which will serve as an anchor for development planning across at least four (4) administrations. It details the collective long-term vision and aspirations of the Filipino people for themselves and for the country for the next 25 years. These aspirations resulted from 42 focus groups discussions with various sectors, including the marginalized groups, and community surveys commissioned by the NEDA. Filipinos desire a life that is “matatag, maginhawa, at panatag.”

By 2040, the Philippines will be a prosperous, predominantly middle-class society where no one is poor; healthy, resilient, smart, innovative, and high-trust society.

G

By MIKE BAÑOS, Editor-at-Large

ENERATION companies and the Department of Energy are renewing their call for a Wholesale Electricity Spot Market in Mindanao with the emergence of excess electricity supply in the grid but consumers are wary this would instead lead to an increase in power rates.

Energy Secretary Alfonso G. Cusi said a spot market i n t h e M i n d an a o g r i d would efficiently utilize the excess capacities of new power plants not covered by bilateral contracts with distribution utilities and directly connected industries. energy/PAGE 11

WESM in MINDANAO. Therma Marine Inc. Mobile 2 in Nasipit, Agusan del Norte is a thermal power plant whose output qualifies for WESM trading.

Canadian-backed mining firm gets rights over vital small-scale site in SouthCot

By MINDANEWS

GENERAL Santos City – A Canadian-backed mining company operating a gold and silver mining project in T’boli town in South Cotabato has acquired the rights over a vital small-scale mining site, ending nearly two decades of dispute with local miners.

Constancio Paye Jr., Mines and Geosciences Bureau (MGB) Region 12 director, said Thursday that TMCTribal Mining Corporation specifically purchased and acquired the rights over small-scale mine tunnels in portions of the gold rush area in Barangay Kematu in T’boli town.

He said the move was based on an agreement forged by the company with the

Maguan Clan Small-Scale Mining Association and the T’boli Minahang Bayan Multi-Purpose Cooperative (TMBMPC).

The agreement was signed

by TMC president and chief executive officer Eumir Ernesto Tiamzon, TMBMPC chair Esther Daquil, and Maguan clan elder Juaning Maguan, he said.

The terms of the agreement were not disclosed but an MGB-12 statement said TMC has acquired the “rights of small-scale mining tunnels inside the drain tunnels” of the Maguan clan and the TMBMPC. The mine tunnels of the Maguan clan and TMBMPC mining/PAGE 11

ASIAN SURF CHAMP. Siargao native Nilbie Blancada shows her best form at the Taiwan Open of Surfing in Taitung on Sunday where she placed second but won high enough total points in the series of tournaments to be crowned winner of the 2016 Asian Surfing Championship (ASC). She was the first champion from the Philippines.

3rd JOURNALISM EXCELLENCE AWARDS:

Full scholarships up for grab in journalism excellence tilt

By MARK FRANCISCO, Staff Writer

MINDANAO Daily News Publishing Corporation and Phinma-COC has bound an agreement Thursday for five high school and college

journalist-winners of the 3rd Northern Mindanao Jo u r n a l i s m E x c e l l e n c e Aw ard s t o b e g r ant e d college scholarships at the

said institution. Aside from the high school category, there will also be categories for college jour nalists, private company PR writers and government offices journalism/PAGE 9

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DA releases P209M agri projects in Bukidnon

By RUBY LEONORA R. BALISTOY, Contributor

MALAYBALAY City -- The Department of Agriculture (DA) released more than P209 million worth of agriculture projects and equipment to various farmers’ groups and local government units in Bukidnon.

In a grand ceremony held recently at Northern Mindanao Agricultural Crops and Livestock Research C omp l e x ( N M AC L R C ) Dalwangan, Malaybalay City, Agriculture Secretary Emmanuel “Manny” Pinol delivered President Rodrigo R . D ute r te’s “ Tap at an : Gobyerno at Mamamayan” program, and led the “Tapatan Interaction” with farmers and aggie stakeholders.

“In order to cope with our neighboring countries

in terms of productivity, we need to move further into farm mechanization like “state-of-the-art” cassava chipper and granulator, feed mixers, corn sheller, and other postharvest equipment that would help boost farmers’ productivity for priority crops,” the Secretary said.

Highlighting the event is the “mass distribution” of rice and corn seeds, farm implements and tools, farm machiner ies, livesto ck, postharvest facilities, and farm-to-market road project funds.

Bukidnon’s 1st District municipalities received a total of P2.9 million; P8.9 million for 2nd District towns; P194 million for 3rd projects/PAGE 11

Economy

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friday|december 2, 2016

Neda-10 holds consultations on PHL development plan

By PELETA B. ABEJO, Contributor

THE National Economic and Development Authority recently conducted a regional consultation on the Philippine Development Plan (PDP), 2017-2022 in Cagayan de Oro City as part of the consultative process to ensure wider ownership of the plan.

Some 120 representatives from the various government agencies, local government units, non-gover nment org an i z at i ons , p e opl e’s organizations, academe and the private sector participated in the consultation.

RDC-X Chair and Bukidnon Governor Jose Maria R. Zubiri, Jr., in his

opening remarks, stressed the need to identify spatially and sectorally-focused strategies to ensure inclusivity.

“This is why the Regional Development Council of Northern Mindanao is c ondu c t i ng a s e r i e s of prov i nc i a l and c it y consultations to generate inputs for the formulation of the Regional Development Plan (RDP) and the Philippine

Development Plan (PDP),” he said.

Assistant S ecretar y Mercedita A. Sombilla of the NEDA Agriculture, Natural Resources and Environment Staff presented the salient features of the draft Philippine Development Plan, 2017-2022 anchored on the Ambisyon Natin 2040 – a vision that shall serve as a guide in development planning for at least four administrations.

She also presented the 2030

Sustainable Development Goals that shall stimulate action over the next 15 years. Programs, policies and strategies proposed for consideration in the PDP include the following, among others: 1) encouraging congressional representatives to legislate the creation of more courts and increasing budgetary allocation of courts; 2) providing appropriate interventions for drug-related TRANS-ASIA/PAGE 11

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Before visiting some wounded soldiers in Cagayan de Oro City, President Duterte held a Command Conference to the troops of 103rd Infantry Brigade at Butig town in Lanao del Sur. He also had a “talk to men” in order to boost the morale of the soldiers.(IJBD/PIA10)

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friday|december 2, 2016

Honda Philippines, Inc. Launches the All-New BeAT, the Newest AT Scooter for the Millennials

Honda Philippines, Inc. (HPI), today launches the All-New Honda BeAT, the newest AT scooter from the Gen-S lineup designed to inspire the young, fun, sporty, and stylish millennials

with Filipino Exclusive Colors and Graphics.

The all-new Honda

BeAT is a reflection of Honda’s dedication in trendsetting new scooter styles to please the taste of the Filipino customers, especially the youth.

It features a slim and sharp form in compact size, new design wheels and tubeless tires, and semi-digital meter panel with ECO indicator.

Among the various highlights of the AllNew Honda BeAT is the specially designed sticker in fashionable colors that is created to captivate the young generation’s preference and express their

individuality and uniqueness.

The all-new BeAT also showcases the improved performance that shows Honda’s dedication to innovation, environment and safety. It has adapted Honda Smart Technology with the lightweight and compact 110cc liquid cooled enhanced Smart Power (eSP) engine for enhanced performance.

Furthermore, the model provides advanced environment and safety features. They

Xoom Launches its New ‘Request’ Feature for OFW Remittance Beneficiaries

Xoom, a PayPal service and leading digital money transfer provider, recently announced it has launched a new feature for remittance beneficiaries in 29 countries across Latin America, Europe and Asia, including the Philippines. For the first time, users outside of the U.S. can use Xoom to easily send a ‘request’ to their loved ones in the U.S. for a money transfer, bill payment, or a mobile reload.

Xoom’s new ‘request’ feature offers Filipino beneficiaries a single digital tool to control the frequency and form in which they receive funds that are often used for necessities like food, utilities or healthcare expenses. This new service is now available just in time for the busy Christmas season, which traditionally sees the highest number of remittances made by overseas Filipinos to their families . Sending a request is free; it takes just a few easy steps and beneficiaries can make requests 24/7 on the web from any mobile phone, tablet or computer.

According to a 2016 report by the Central Bank of the Philippines, personal remittances from Overseas Filipino Workers have reached US$7.2 billion in the

first quarter of this year, which is higher by 4.3% as compared to the same period in 2015. The steady demand for overseas workers remained a key driver to the growth of remittance inflows. It is estimated that over 2.4 million overseas workers are deployed all over the world who send cash remittances to their families. The United States of America is the leading sources of cash remittances for 2016, totaling to US$6,596,432 from the period of January to September.

Remittances are often the first experience of a financial service for beneficiaries, and can serve as a gateway to financial inclusion. These transactions could be better served by online platforms that enable direct remote payments for cash remittances.

“We want to facilitate the cross-border exchange of money for both senders and beneficiaries all over the world,” said John Kunze, Vice President at Xoom. “Traditionally, the remittances industry has been served by systems that are inefficient and leave the onus primarily on senders. With the new ‘request’ feature, control is in the hands of remittance beneficiaries who now have a central digital service to manage this line

of financial support that is so critical to their daily lives.”

Aside from requesting money, Filipino Xoom users can also easily request for reloads for Globe, Smart and Sun prepaid mobile phones and bills payment for PLDT and Smart postpaid mobile phones.

Xoom offers the following services:

• Request Money – it’s easy for beneficiaries to remind family members in the U.S. about key events as a prompt to send money. Funds can be requested for cash pick-up at any of Xoom’s 14,000+ payout partners.

• Request a Mobile Reload – send a mobile reload request to loved ones in the U.S., to request airtime credit on your prepaid mobile phone.

• Request Bill Pay – request family or friends to pay your bills, such as your landline and internet bills.

Additionally, beneficiaries can keep track of their requests, and senders no longer need to worry about writing down or getting lengthy account information from beneficiaries in order to send money or pay bills. This information is directly entered by recipients beneficiaries and saved on their accounts for future

requests.

The request flow is easy to use. Beneficiaries simply sign up on Xoom. com; select their ‘request’ type; enter their personal information and the person they are requesting xoom/PAGE 9

include; the idling stop system with which the engine stops and produces zero exhaust emissions during brief stops for superb fuel efficiency; the ACGstarter for a smooth and quiet start with no conventional starter motor; Combined Brake System (CBS) (for the ISS/CBS variants) for optimum braking balance between the rear and front tires.

Daiki Mihara, President of Honda Philippines says, “The young generation plays a crucial role in shaping the future. Thus, Honda is pioneering innovation that intelligently blends design that caters to the modern taste of the youth. I would like to emphasize that we will develop and adapt “Exclusive Filipino Colors and Graphics” in AT category, starting with the AllNew Honda BeAT. We have made the model the coolest and smartest choice for

you.”

Honda Gen-S Brand Ambassador Daniel Padilla is proud to endorse the AllNew BeAT, which he believes is the model to fit for his generation.

“I’m glad that Honda has created a stylish and smart scooter for the Gen-S community that mirrors my generation’s passion for style, uniqueness, freedom, technology, and safety.”

The all-new BeAT is available in 6 colors, with 2 variants: In CBS-ISS variants – Winning Red (redwhite combination), Vivid Blue Metallic, and Space Magenta Metallic; and in Standard variants - Winning Red (redblack combination), Ross White, and Black. Price starts at Php63,900.00.

Interested customers can visit Honda dealers nationwide.

More information of the all-new Honda BeAT is available at www.hondaph.com.

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Opinion

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Conception of Development

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

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BONG FABE

Feature Editor

Associate Editor

CLIFFORD SANTILLAN Layout Artist

JUN AYENSA

sandra encoy

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They’ll Feast at Your Funeral Think a minute…

When you decide to do something, whose opinion do you think and care about the most?

Do you simply do what you know is right, or do you first consider what other people might think about you? What will your neighbors or people you wor k w it h t h i n k ? You r family and f riends? Do you realize that when you die, except for your closest family and friends, most people will not even be sad enough at your funeral to lose their appetite! Those same people whom you now try so hard to impress and please are going to feast at your funeral.

Yet, we often neglect and hu r t ou r ow n w i fe and children, the people who truly love us, because we tr y so hard to please and impress others. But t he g re ate st t r age dy of all is that we seem to care the least about what G o d t h i n k s o f u s . We almost seem to have no shame or fear of God and His opinion of us. Even though at the end of our l i fe , it’s on l y w h at ou r Maker thinks of us and w h e t h e r w e h av e t r u l y live d His way t hat wi l l

THINK

A Minute

Jhan Tiafau Hurst decide where and how we live forever: in heaven or hell.

God the Son even b e c ame a human b eing named Jesus Christ to die for a l l ou r w rong s and then come back to life, ju s t s o w e c ou l d k n ow h ow mu ch ou r C re ator loves us. Jesus cares more ab out you t han anyone does! Especially those people you and I tr y so hard to please—those people who will feast at our funeral. S o if we’re smart, we will stop living to please other people and start living Jesus Christ’s way to please Him. Always remember, at the end of your life it is only what Jesus your Judge will think of you that can save you.

Just Think a Minute…

Intellectual discussion has been reinventing what we understand about development. It has morphed into a focus that is less on the economic side and more about the well-being of the human person. The concept of development, according to Ronald Olufemi Badru in his paper published at the Journal of Philosophical Economics (2016 issue), involves a quantitative and a qualitative progression from the state of potentiality to a state of actuality, experienced by an existential entity, within a given period (time-bounded) or without a time-frame (time-unbound).

By mentioning existential entity, it means those who experience development can be a person or social institutions, given that institutions comprise individuals who occupy positions, perform roles and are tied legally and morally by some rules.

There must be both qualitative and quantitative advancements in the life of an individual or social

institutions for development to take place. One way to measure both aspects is throug h the Human D e ve l opm e nt In d e x : a composite of long and healthy life, knowledge and a decent standard of living. The measure, however, only captures part of what human development entails.

For instance, it excludes inequalities, poverty, security and empowerment, among others.

Moreover, we consider advancement as a marked progression from the state of inability (potentiality) to the level of ability (actuality).

Without this, there is no improvement of life. I could not just mention the lack of skills if I look at the country’s scenario. We may have the skills but they are not put to maximum utility as the system cannot accommodate them. This is because we still have to struggle to make our system more efficient and more competitive. The issue is complex because it touches the human spirit: if the we continually look down on

ourselves, as shown in Doña Victorina syndrome, we stifle our ability to compete and be the best of what we can become.

If we also include the time-unbound aspect of advancement, it means that progress is a continuous attempt to address society’s failures and building upon our strengths. The attempt to develop does not begin and end in an era. Progress could have been time-bound if there was a stuck-up since the industrialization era.

Drawing from the c on c e p t i on s I a l re a d y mentioned, one could deduce a moral understanding of development as teleology; it is always a commitment towards goals. This is the reason why our current administration comes up with a ten-point economic agenda that focuses on empowerment, tax reforms and strategies to make us more competitive.

If you are a researcher or practitioner who have something to share about development, participate

lucell larawan in the coming International Conference on Regional Development and Local Governance. This will be on February 10-12, 2017 at Holy Name University. The deadline for submission of abstracts will be on December 12. The expected keynote speaker for this conference is Professor Ernesto De Mar Pernia, director-general of the National Economic and Development Authority.

For more information, see the conference website: http : / / w w w. s obi a d. org / CONFERENCES_held/ICREGIONAL/main_speak. html

Anti-Marcos forces made rebels of Filipinos LIFE’S INSPIRATIONS: “… `Who has stirred up one from the east, calling him in righteousness to his service? He hands nations over to him and subdues kings before him. He turns them to dust with his sword, to windblown chaff with his bow’…” (Isaiah 41:2, the Holy Bible).

-ooo HISTORICAL PROOF FOR THE BIBLICAL “EAST”, “FAR-OFF LAND”: Why am I saying, for and on behalf of the Anak ng Diyos Kadugo Ni Kristo (AND KNK, or Children of God Blood Kin of the Christ) Church, that the Philippines is the place where Jesus, our God and Savior, is going to build His Church since it is the “east” or the “faroff land” referred to in the Bible? There is a historical proof for this, orchestrated

by Jesus through those who believed in Him as God and Savior.

-ooo ANTI-MARCOS FORCES: MINUSCULE, AS IN 1986: Some thoughts on the November 30, 2016 rallies, for or against former President Marcos and his burial at the Libingan ng mga Bayani: first, it was refreshing to see that those who are on the side of Marcos are now emboldened to hold their own rallies, even simultaneous with the rallies of the anti-Marcos forces.

Unfortunately however, anti-Marcos media entities refused to publicize the proMarcos rallies.

Second, the anti-Marcos rallies continued to be diminutive in number. I mean, even if we assume, for the sake of argument, that there were 10,000 people who joined the anti-Marcos rallies on Wednesday (10,000 is, of course, a bloated figure already), that is still minuscule if we take into account that, at present, there are now around 110 million Filipinos nationwide.

Those who ranted against Marcos did not even comprise .01 percent of the whole population. What does this mean? It means the anti-Marcos forces, then as now, do not really have the support of the majority of the Filipino nation.

They remain as they were in 1986---insignificant in number, although admittedly noisy and boisterous and ridiculously self-righteous.

-ooo ANTI-MARCOS FORCES MADE REBELS OF FILIPINOS: And come to think of it, the only things t hat t hes e ant i-Marcos forces have achieved, in all their movements, are this: bringing our country closer and closer to anarchy, lawlessness, chaos, disorder, rebellion, disobedience to duly-constituted authorities and lawfully-issued orders, and, because of all these, rampant criminality.

Imagine, they were the ones who brought the issue of Marcos being buried at the Libingan with the Supreme Court. One would think because they invoked the

jurisdiction and authority of the highest court of the land, they would obey and follow what the Supreme Court will say.

Yet, notwithstanding the clear ruling of the tribunal in their own petition, which was based on the law and then concurred in by nine of the 15 justices, anti-Marcos forces not only refused to recognize that ruling but are, just like what they have been doing the past week, even enticing or encouraging Filipinos to similarly disrespect, disobey, and reject the court’s ruling.

Clearly, anti-Marcos forces do not respect the law and the duly-constituted authorities, just like what they did in 1986. They are only interested to uphold their own selfish interests, accepting only the ruling that favors them. This is the reason why many of our countrymen are now similarly rebellious and disobedient of the courts and of the authorities. AntiMarcos forces have made Filipinos rebels!

-ooo SECOND WORLD WAR: A WAR OF SPIRITUAL FAITH: During the Second World War in the 1940s, the battle lines were drawn not only between those who believed in democracy and those who adhered to other systems of government. That war was in reality a war of spiritual faith---between those who believed in God (the Americans, British, French) and those who did not believe in God

K akampi

Mo A ng Batas

Atty. Batas Mauricio (the Japanese, Italians, and Germans).

My view is that God intervened in that war, so that those His believers will win (in much the same way He intervened in many wars in the past for His believers) against those who did not believe in Him. How was God’s intervention made?

He instilled in the minds of His believers in that war that they would have to put up a military force in the “east”, in a “far-off land” to defeat their enemies. What was the military force? Where was that “east”, and “far-off land”? Read on!

-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: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

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Vivo unveils secret to perfect selfies with V5 smartphone VIVO, the top 5 global smartphone manufacturer, last week unveiled its secret to perfect selfies with the launch of the Vivo V5 smartphone. The Vivo V5 smartphone boasts Perfect Selfie capabilities with its high-quality front-facing camera, fast performance, and upgraded features that ensure great experiences for its users. “ The V5 embodies Vivo’s relentless pursuit of innovation, with technologies and functions that our consumers look for in their device. With the V5 and its industry-leading features, we continue to push the boundaries of a premium mid-range smartphone as we highlight Vivo’s high standards in smartphone design and feature,” said Vivo Philippines Vice President Hazel Bascon. Premium midrange elegance The Vivo V5 sports an all-metal unibody shell back case that comes in champagne gold and rose gold colors. Up front, it features a 5.5-inch 1280x720 HD display clad in 2.5D Corning Gorilla Glass for protection, giving the V5 an ideal premium feel in the hand. Performance wise, the

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Young actor McCoy de Leon takes a groufie with event hosts Will Devaughn and Shamcey Supsup, along with Vivo Club Ambassadors from various universities. De Leon joined the Vivo family as the brand’s local influencer.

Vivo V5 is equipped with a MediaTek MT6750 octa-core processor running at 1.5GHz and paired with 4GB of RAM and 32GB of internal storage expandable via micro SD up to 128GB. The V5 also features a front-facing fast fingerprint scanner capable of unlocking the smartphone in as fast as 0.2 seconds. It also features fast-charging technology to

quickly top-up its 3,000mAh built-in battery.

Redefining the perfect selfie The Vivo V5 features an innovation that is set to be the benchmark of future smartphones. It is equipped with a 20-megapixel Moonlight f ront-facing camera featuring a 1/2.78” Sony IMX376 camera sensor coupled with a 5P lens system

and an aperture of f/2.0. It also comes with a frontfacing soft-light flash that helps illuminate its subjects whenever they take a selfie, ensuring that its users can capture perfect selfies anytime and anywhere.

Meanwhile, its rear camera boasts a 13-megapixel sensor that features phase-detect autofocus that will help users vivo/PAGE 9

TMI receives national GKK award AirAsia Aboitiz Power Corporation’s wholly owned subsidiary Therma Marine Inc. (TMI) has been recognized as the 2016 Gawad Kaligtasan at Kalusugan (GKK) bronze awardee on occupational safety and health standards, Industry Category, during the 10th GKK National Awards on November 18, 2016 held at the OSHC Auditorium in Quezon City.

The GKK national award is organize d by the Department of Labor and Employment (DOLE) to recognize exemplar y efforts and initiatives of organizations and individuals who go above and beyond health and safety standards in their respective workplaces.

Since TMI took over operations of the Mobile 1 power barge, moored in Barangay San Roque in Maco, Compostela Valley,

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CorporateWorld

in 2010, the company has continued to improve the occupational safety and health management systems at the power generation facility.

TMI also bagged the first place award during the regional GKK competition before qualifying to the National GKK level. A panel of experts coming from various sectors including D OLE regional offices, Occupational Safety and Health Center (OSHC), and Employees’ Compensation Commission (ECC) conducted the validation process by visiting the nominated organizations’ work premises to confirm implementation of safety and health programs of the respective companies.

“We are honored that the DOLE recognizes our efforts to provide a safe

environment for our team members and team leaders.

This award shows that AboitizPower and its Oil Business Unit are committed to provide a healthy work place for its workers while prov i d i ng rel i abl e and dependable peaking power to its customers,” said Danel Aboitiz, President and COO of the AboitizPower Oil Business Unit.

Being one of Mindanao’s main power generators, TMI continues to strengthen its commitment to ensure a safe and conducive workplace for its team members while making sure its operations have the least impact on the environment and its host community.

This is the first national GKK award received by TMI after the assessment and deliberation by the award/PAGE 11

Therma Marine Inc. team headed by TMI’s Technical Director, Mr. Jan Risager (second from right) posing with the GKK bronze trophy.

PHL’s Japan flights face delays TAIPEI -- Philippines AirAsia may not be offering Japan flights from Manila anytime soon due to limited slots at the Philippine capital’s main airport, a company official said on Tuesday.

“Slots [are the problem].

We are having a hard time getting slots from the airport.

There’s heavy volume at the airports and policy of AirAsia is to look toward the smaller airports that can service smaller airlines,” Philippines AirAsia Chief Executive Officer Dexter M. Comendador said.

While Japan is a hot tourist destination for Filipinos, AirAsia is highlighting another destination -- Taipei, Taiwan, which it says may be as fun as the Land of the Rising Sun. On Monday evening, AirAsia launched its maiden Manila-Taipei flight, taking advantage of Taiwan’s decision to ease visa rules for Filipino tourists. “ There is a demand [in the Philippines to visit Taiwan]. Taiwan made it easier to get a visa, and we are looking towards North Asia.

Since China and Philippine relations have improved, we look forward to getting tourists from this place,” Mr. Comendador said. airasia/PAGE 9

Cagayan Riverview Inn 8584245 / 729039 Fax: 8584245 Casa Crystalla 8561704 / 722465 Fax: 722480 Casa Isabella (088) 8564065

Casa Azucena 8563402 / 09236593973

Chali Beach Resort 732840 / 8552108 Fax: 8555941 Chananthon Bed & Breakfast 8568189 / 3093095 Country Village Hotel 8583004-06 Fax: 8583006 D’Budgetel 8564200/726643 Fax: 8564300 Dahilayan Forest Park 8568562 to 63

De Luxe Hotel 8572144 / 724548 Fax: 724563 Discovery Hotel 727814 / 8563896 Fax: 8563897 Duka Bay Resort (088) 3312290 Fax: 725265 Dynasty Court Hotel 8574802 Fax: 857900 Grand City Hotel 8571900 / 728469 Fax: 723718 Hotel Conchita 8563856 / 727355 Fax: 8563857 Hotel Koresco 8589749-50 Fax: 8589748 Hotel Sogo 8520383

Kingston Lodge 8585696 Fax: 8585696

Seda Centrio Hotel 3238888 / 0917-577-5910 Southwinds Hotel 724803 / 8562036 Fax: 8562036 Stargate Dream Vacation Resort 8515003 / 8509999 The VIP Hotel 726080 / 8562505 Fax: 726441 RED PLANET 8800888/8801306 Travelers Pod 8518988 Uptown Condotel 8511800 Villa Paraiso Apartelle 3870419 Fax: 3870429 HONORARY MEMBERS:

Dept. of Tourism 723696/726394 / 8564048 Fax: 723696

RESTAURANTS:

Bigby’s Café 72-1071/857-5511/8575836 Fax: 711843 Café Laguna 8582999 Fax: 8567001 DM Villaruy Restaurant 733790

Golden Ajirang I 856-5271 Fax: 727876 Grand Caprice Restaurant 72-6955/856-2302 Fax: 72-4986 Kagay-anon Restaurant 728958 / 8563688 Fax: 8563843 / 729003 La Ilongga Restaurant 72-6183 / 857-3652 Fax: 72-4605 Missy Bon Bon 8566852 / 09228606442 Fax: 8566852 SLERS Ham & Café 8551438

Mapawa Natures Park 8584402 Fax: 725265

Thai Me Up 738424/3108424 Fax: 738424

Mallberry Suites 8541999 / 7249999 Fax: 8544999

Barkadahan Grill 8551234

Maxandrea Hotel 8572244/729943 Fax: 724090

La Tegola Cucina Italiana 8585959

Miami Inn 8581901 to 02 Fax: 725279/728486 N Hotel (088) 8801924 Paras Beach Resort 8568563 Fax: 8568563 Philtown Hotel 726295 / 8564402 Fax: 723104

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

6

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friday|december 2, 2016

PH IT-BPM industry continues to flourish with a projected US$40B revenue by 2022 Industry best practices, insights shared at the 8th IT-BPM Summit

The Information Technology and Business Process Association of the Philippines (IBPAP) foresees continuous growth for the country’s IT and Business Process M a n a g e m e nt I n d u s t r y (IT-BPM) due to local and global business expansion.

The IT-BPM, known as the local “sunshine industry”, is recognized for its worldclass service, contributing to 10% of the economy and providing jobs for over a million Filipinos. With consistent annual revenue growth of US$18.9B in 2014, US$21.2B in 2015, and an expected US$25B by the end of this year, IBPAP predicts that the IT-BPM industry will achieve up to US$40B by year 2022.

I B PA P h e l d it s 8 t h I n t e r n a t i o n a l I T- B P M Summit (IIS) to celebrate the consistency of the IT-BPM’s success in the Philippines and to map out plans for the industry’s future. Promoting the theme, “Accelerate PH, Future-ready”, the summit gathered top influencers, industry representatives, and partners including copresentor Globe Business, to discuss the strategies that will further expand the industry’s growth both locally and internationally.

The 8th IIS kicked off its two-day event with the launch of Roadmap 2022, w hich enable d p ar t ner associations and technical working groups to talk about its framework. Roadmap

2022 aims to accelerate ITBPM’s future revenue by focusing on key subsectors such as contact centers & BPOs, health information management, IT & software development, animation/ game development, and global in-house centers affected by the industry and on highimpact programs for certain segments. These include human capital, government support, inclusive growth, country competitiveness, SME and startups, as well as emerging technologies.

Globe Telecom’s very own Vice President for Content for Consumer Business Group, Jil Bausa-Go, served as a plenary speaker during the summit to discuss how IT-BPM revenue/PAGE 9

(L-R) Globe Chief Commercial Officer Albert de Larrazabal presents the “Globe Business-IBPAP Sapphire Flare for Brilliance” to Monchito Ibrahim for his contributions to the IT-BPM Sector.

Enjoy 50% off on Globe Broadband and Bayan Broadband deals this Christmas!

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For Globe Broadband, Plans 999 (1 Mbps / 20GB d at a ) , 1 0 9 9 ( 2 M bp s / 20GB data), 1199 (5 Mbps / 100GB data), 1299 (10 Mbps / 100GB data), and 1599 (15 Mbps / 150GB data) are available for half the price. All plans come with a FREE Wi-Fi modem, with exclusive inclusions per plan:

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data), 1199 (5 Mbps / 100GB data) are available for half the price, too. All Bayan plans come with a FREE Wi-Fi modem, while Plan 1199 comes with a FREE landline with unlimited calls to Globe and TM. All Globe subscribers will have the option to boost their data allowance through add-ons.

Subscribers can also extend their connection using the AirTies Wi-Fi mesh for a minimal cash-out fee.

Globe subscribers can further enhance their digital lifestyle with content and device addons . Whate ve r k i nd of passion you pursue, there’s an exclusive entertainment add-on just right for you!

B i n g e - w at c h i n g h a s never been this easy with access to Netflix, HOOQ, Disney Channels Apps, and NBA LEAGUE PASS. Gamers on the other hand can play to their heart’s c onte nt w it h a c c e ss to

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

friday|december 2, 2016

Banking&Finance

7 OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274

METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057

ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893

METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162

BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075

METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721

BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637

METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924

BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796

METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731

BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405

METRO BANK- GAISANO 8561720

BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727

Mayor Oscar S. Moreno reads a story to Bulua Central School first graders Monday (November 28, 2016). PHOTO

BY Mark Doña Francisco

Landbank nears full-year income goal

T

HE Land Bank of the Philippines (Landbank) saw an almost flat growth in its income as of September, but moved closer to its fullyear target following steady expansion seen throughout the year.

In a statement, the staterun bank reported a net income of P10.3 billion for t he p er io d, almost unchanged from last year’s P10.27-billion earnings but still bringing it closer to its P13.5-billion full-year income target.

The tally also exceeded

the period’s target of P10.13 billion in earnings.

Growth in loans and investments bouyed total assets to a 17% increase to P1.3 trillion from the P1.1 trillion booked for the same period last year.

Broken down, Landbank’s gross loan portfolio grew by 9% to P481.9 billion from P441.1 billion, while investments grew by 55% to P471.9 billion from P303.6 billion.

As of September 2016, the country’s largest local government credit provider received P1.2 trillion in total

deposits, a 18% increase from the P991 billion posted for the first nine months of last year.

Total capital came in at P91.1 billion, 18% higher than the P77.3 billion logged last year.

Return on equity was at 15.8%, just above the 14.27% industry average. Landbank also posted a 3.14% net interest margin.

Moving for ward, Landbank President and CEO Alex V. Buenaventura said the bank would further expand its services and support to farmers, fishermen, and

micro, small and medium enterprises (MSMEs).

“This will be our priority moving for ward, as we strive to keep the balance of maintaining our financial viability and fulfilling our development mandate,” Mr. Buenaventura said.

As of September this year, Landbank has 365 branches and 1,607 ATMs nationwide.

It maintains its top spot as the largest credit provider to local government units, and small farmers and fishermen, and among government financial institutions the largest lender to MSMEs.

Gov’t incurs lower budget deficit in October THE national government incurred a fiscal deficit in October this year, but it was significantly lower compared to that of the same month a year ago, data from Bureau of the Treasury (BTr) revealed.

Based on the Treasury report submitted to Finance Secretary Carlos Dominguez III, the government’s budget d e f i c it d ro p p e d by 9 1 percent to P2.3 billion in October from P27 billion in the previous year.

During the month, the government’s total revenues grew 7 percent to P174.6 billion from P163 billion in October 2015.

Of that amount, the Bureaus of Internal Revenue ( B I R ) an d of Cu s t oms (B OC) collected P121.9 billion and P33.4 billion, respectively.

The BIR p oste d a 5 p e rc e nt g row t h i n t a x collection compared to P115.8 billion last year, while the BOC registered a 3 percent year-on-year

increase in revenues in October from P32.5 billion.

Tax collection of other offices, meanwhile, posted a 98 percent jump in October to P2.3 billion from P1.1 billion.

Non-tax revenues also improved by over a quarter to P17.1 billion from P13.6 billion a year ago.

Of that total, the BTr’s income reached P4.9 billion, down 13 percent from P5.6 bi l lion last ye ar, w hi le revenues of other offices jumped 53 percent yearon-year to P12.3 billion from P8 billion.

N a t i o n a l Tr e a s u r e r Rob er to Tan expl aine d the decline in Treasury’s revenue was due to lower income from government deposits with the Bangko Sentral ng Pilipinas and lower dividends on share of stocks from state-owned and -controlled corporations.

According to the BTr, the government’s expenditures in October amounted to P177 billion, down by 7

percent year-on-year from P190 billion.

But setting aside the P16.1 billion in interest payments, t he national government recorded a primary surplus of P13.7 billion in October, a reversal of the P10.9 billion primary deficit in the same month last year.

In the first 10 months of the year, the government’s budget deficit stood at P216 billion, up by more than threefold compared from PP52.6 billion in the same period last year, but still well below the P388.87 billion ceiling for 2016.

At end-October, total government revenues increased by 3 percent to P1.821 trillion from P1.768 trillion a year before.

Government tax collection also improved by 8 percent to P1.629 trillion in the January to October period from P1.505 trillion in the same period last year. Of that amount, the BIR contributed P1.293

trillion, while the B O C raised P321.3 billion.

Tax collection of other offices likewise jumped by 9 percent to P15 billion at end-October from P13.8 billion in the same month last year.

Revenues generated by the Treasury, meanwhile, declined by 6 percent during the period to P91.1 billion, while other offices’ tax collection suffered a 39 percent drop to a combined P100.7 billion.

But netting out the oneoff transfer of P62.5 billon in coconut levy assets in May last year, the government’s 10-month total non-tax and tax revenue collection growth reached 7 percent year-on-year.

Meanwhile, government expenditures in January to October accelerated by 12 percent to P2.037 billion from P1.820 trillion in the same period last year.

Ne tt i ng out i nte re st payments, the government budget/PAGE 9

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

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friday|december 2, 2016

and

P resent

Launching & Qualifying Rounds and NM Writers Summit COC Phinma Auditorium, Carmen, Cagayan de Oro City December 10, 2016 - 9:00 am to 5:00 pm

for the NORTHERN MINDANAO

Contestant categories: n n n n

HIGH SCHOOL JOURNALISTS COLLEGE JOURNALISTS PRIVATE COMPANY P.R. WRITERS GOV’T OFFICE INFO OFFICERS

* 5 TOP PRIZES TO WINNERS OF HIGH SCHOOL CATEGORY: FULL SCHOLARSHIP IN 4-5 YEAR COLLEGE DEGREES AT CAGAYAN DE ORO COLLEGE

Contest categories: n n n n n n For registration, inquires and info pls call

* TOP PRIZES TO BEST IN FEATURE WRITING WINNERS OF COLLEGIATE CATEGORY: BEST IN NEWS WRITING BEST IN SPORTS WRITING SUBSTANTIAL DISCOUNT in COLLEGE COURSES BEST IN PHOTO JOURNALISM AT CAGAYAN DE ORO COLLEGE BEST IN BUSINESS REPORTING BEST IN COMMUNITY JOURNALISM

MDN 856-3344 or Dante Sudaria 09177121424 & Allan Mediante 09153190138

FINAL ROUNDS & AWARDING March 20, 2017 Regional Contests December 16, 2016 to March 5, 2017

9

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friday|december 2, 2016

Journalism... from page 1

information officers. Senior high school students of COCPhinma are exempted from joining the competition.

The final rounds of the prestigious 3rd Northern Mindanao Journalism Excellence Awards will be held on March 20, 2017 and the winners may avail of the scholarships by the following academic year starting June 2018, the time the pioneering batch of senior high school students will graduate.

Scholarship covers tuition, miscellaneous, laboratory and other fees except books, uniforms and other school merchandise.

PHINMA COC’s Full S chol ars h ip Gr ant h a s the following terms and conditions: The grantees of Full Scholarship prizes will be given to top 5 winners of the following categories for High School journalists: News Writing, Feature; Photo Journalism; Sports Writing and Science Reporting.

The scholarship prize covers Tuition, Miscellaneous, Laboratory, and other fees except books, uniforms, and other School fees. The Scholarship is valid only for the regular duration of the course, 4-year for regular Bachelor’s degree or 5-year for Engineering courses.

Phinma-COC requires that the awardee-recipient must be current Grade 11 student during the competition and must maintain grades not lower than 2.25 in all subjects.

Otherwise, the Scholarship will be downgraded to 50% on Tuition and Miscellaneous only, according to Phinma.

Also, shifting to other course will be allowed only once but the duration of the Scholarship remains the same on the original course enrolled.

The Grade 11 winners must avail the Scholarship on June 2018 at Phinma’s Carmen or Puerto Campus.

The scholarship grant is non-transferable and nonconvertible to cash, according to Phinma-COC, and grantees must be in good moral standing and must not have disciplinary action during his or her entire stay in PHINMA COC. The Scholarship cannot be used with any other Scholarship or Discounts offered by PHINMA COC. Half Scholarship Grants For the PHINMA COC Half Scholarship Grant, it is Mindanao Daily who will endorse grantees of the Five Half Scholarships.

This scholarship covers 5 0 % o n Tu i t i o n a n d Miscellaneous only excluding Laboratory, other fees, books, uniforms, and other School merchandise. It is valid for incoming College Freshmen only. Current PHINMA COC students, Transferees, and Returnees are not covered by this Grant.

The Half Scholarship is valid only for the regular duration of the course 4-year for regular Bachelor’s degree or 5-year for Engineering courses, and No maintaining

Grade is required for this Scholarship; and shifting to other course is allowed only once but the duration of the Scholarship remains the same on the original course enrolled.

This Scholarship must be availed on June 2017 or June 2018. It is non-transferable and non-convertible to cash.

And, the Grantee must be in good moral standing and must not have disciplinary action during his or her entire stay in PHINMA COC. The Scholarship can be availed also at PhinmaCOC’s Carmen or Puerto Campus, Cagayan de Oro City. Also, the Scholarship cannot be used with any other Scholarship or Discounts offered by PHINMA COC. PHINMA COC Scholarship or Discount for College winners Grantees of these Five Scholarships or Discounts are the top winners of 5 College Categories of the 3rd Mindanao Journalism Awards: Feature-Writing; Photo Journalism; Science Reporting. Business Reporting and Civic Journalism.

The Scholarship Grant covers 50% on Tuition and Miscellaneous and Discount is 25% on Tuition and Miscellaneous only. The Grantee can only avail one of either 50% Scholarship or 25% Discount subject to PHINMA COC’s evaluation which will be based on both Academic and financial status of the student.

T h e S c h o l a r s h i p or Discount does not cover L a b or at or y, an d ot h e r fees including books, uniforms, and other School merchandise.

The recipient must be 1st year to 3rd year College level during the competition, and the Scholarship or Discount will be valid for the remaining duration of the course enrolled but must not exceed to 4-years regardless of the course.

No maintaining grade is required for this prize but the grantee must be in good moral standing and must not have disciplinary action during his/her entire stay in PHINMA COC. Shifting to other course is allowed only once but the duration of the Scholarship or Discount remains the same on the original course enrolled.

T h e S c h o l a r s h i p or Discount must be availed

by June 2017 and is nont r a n s f e r a b l e a n d n on convertible to cash.

It can be availed in Phinma’s Carmen or Puerto Campus. It cannot be used with any other Scholarship or Discounts offered by PHINMA COC. For Grade 11 contestants, they must first hurdle the qualifying rounds of the 3rd Northern Mindanao Journalism Excellence Awards to be held this December 10 at COC-Phinma Auditorium.

The whole-day event will feature lectures on news writing, feature writing, sports writing, science reporting, photo journalism, sustainable construction stories making, business writing and civic

journalism before the actual tilt at 4:00 p.m. Winners who successfully hurdle the qualifying rounds will compete in the regional rounds on December 16 and March 5, 2017 before the final rounds on March 20 that year.

The 3rd Nor thern Mindanao Journalism Excellence Awards is the brainchild of Mindanao Daily News Publishing Corporation president Dante Sudaria and Mindanao Daily News editorin-chief Allan Mediante.

Xoom... from page 3

from. Xoom then relays the request to the sender who can instantly fulfill it via their phone, tablet or desktop. Both parties receive confirmation once the transaction has been complete. As an additional ‘request’ feature, Xoom plans to add direct bank deposit and door to door delivery options. Requests can be fulfilled on a web browser or through the Xoom app on Android and iOS. Xo om a l s o re c e nt ly partnered with social media sensation and internet star Mikey Bustos. Through fun parody videos starring Bustos, Xoom is able to engage Filipino customers in a culturally relevant way, and educate them about the benefits and ease of use of the new digital request tool.

According to the World Bank, global remittances repres ent an estimated $600 billion opportunity, and Xoom and PayPal are committed to reimagining financial services, making it easier, more secure and less expensive for people to spend, save, manage and move money. The new ‘request’ feature is a step forward to make a major difference in people’s lives by offering beneficiaries a digital service that helps them better manage their finances.

Xoom’s cash pick up network is the most extensive in the Philippines and partners include trusted names like Cebuana Lhuillier, M. Lhuiller, BDO, Metrobank and all major banks, LBC and Globe G-Cash. Senders can safely and securely send money to their loved ones, and beneficiaries can go to any of partner branch for cash pickup at their convenience.

Vivo... from page 5

snap photos as they happen.

Value-added benefits Vivo’s V5 smartphone is also equipped with a 32-bit AK4376 digital to analog converter Hi-Fi chip, as well as a new iteration of its proprietary operating system, Funtouch OS 2.6, now based on Android’s 6.0.1 Marshmallow operating system.

Among its new features is an improved version of Vivo’s take on multitasking, Smart Split 2.0, which allows users to view two apps side-byside. Another feature is the Eye Protection Mode, which filters blue light from the screen to protect its users’ eyesights.

“With the launch of the Vivo V5, Vivo again sets the benchmark of a premium midrange smartphone with perfect selfie features that one would normally only see in flagship offers. Filipinos will once again have a capable and compelling smartphone choice, and one that can fulfill a wide range of roles in their everyday lives,” added Bascon.

A Plus for the family Vivo also revealed an upcoming device that is set to supplement the Vivo V5.

The Vivo V5 Plus will feature a similar form factor as the V5 smartphone at 5.5 inches, but will feature a 1920x1080 display and 20-megapixel dual front-facing cameras that are set to enhance the perfect selfie experience of its users.

Vivo also announced Golden State Warriors point guard Stephen Curry as part of the Vivo family. The twotime NBA MVP and Golden State Warriors point guard will serve as the new face of the Vivo V5, highlighting its perfect selfie capabilities alongside local influencers Mccoy de Leon and Verniece Enciso.

“I’m really thankful for being part of the Vivo family and I’m looking forward to doing more activities with Vivo and its Filipino plans soon,” said Curry.

The Vivo V5 Plus will be coming soon on Philippine shores. Meanwhile, the Vivo V5 will be available in Vivo concept stores and major retailers nationwide for PHP 12,990. Consumers can also pre-order the V5 smartphone in major retailers starting November 23 to receive exclusive freebies including Vivo speakers, Vivo selfie stick, and a Vivo-branded phone stent.

AirAsia... from page 5

The maiden flight Z2 128 from Manila to Taipei had 97 passengers. The Airbus A320, which is designed to fly for less than four hours only, can accommodate 180 passengers.

Mr. Comendador said Taiwan is “an important market for AirAsia Philippines.”

According to an AirAsia press statement, there were 157,517 Taiwanese tourist arrivals in the Philippines from January to August this year. Taiwan is the country’s sixth top visitor after South Korea, United States, China, Japan, and Australia.

Mr. Comendador added that the “demand from Taiwan has been good since both routes opened sales last month.” The flight from Taiwan to Manila last Monday was 80% full.

In fact, there was 34.8% increase in outbound flights from Taiwan to Philippines, said Angelito T. Banayo, chair man and resident representative of the Manila Economic Cultural Office.

But he said this is not enough. “It sounds impressive but there is still so much more [to do] to reach the optimum,” he said.

The country hopes to attract more tourists and to prove that tourist spots like Boracay, Cebu, Palawan, and Bohol, among others, are worthy of visiting, he said. “ Ta i w a n a n d t h e Philippines are very close,” added Kathleen K.L. Tan, AirAsia NorthAsia president.

To cement ties between the two countries, Ms. Tan said the airline plans to add more routes from Taiwan to Philippines, including a direct flight to Palawan in the future, “because the Taiwanese love the beach and they have more than 7,107 islands to choose from.”

On Nov. 25, AirAsia Philippines will also open the Cebu to Taipei route with three flights ever y week, Wednesday, Friday, and Sunday.

Revenue... from page 6

companies can accelerate their services by maximizing the client experience through technology. In her speech, Jil highlights on how customer engagement and support should take on a personal approach even with technological and cultural changes. In fact, she emphasizes that such an approach is presently in demand, adding, "We, as customers do not just want to absorb messages. We want to be a part of it. It’s important that we take advantage of our technology’s speed to make it easier to connect with clients and to remain their principal choice."

To top off the IIS, IBPAP distributed its Flare Awards 2 0 1 6 to m e mb e rs w h o displayed innovation and continue to inspire their industry and community.

Globe Business, the enterprise information and communications arm of Globe Telecom, took part in the awarding ceremony by presenting the Shift 2016 Awards. Participants of the contest had to come up with a concept in the form of a vision board and story of inspiration, which showcased a future-ready IT-BPM industr y by the year 2022. “ Te c h n o l o g y h a s undoubtedly brought about an acceleration of change.

But with this change comes uncertainty and, of course, challenges. What we asked of the candidates for the award was that they reveal to us not

just how they will ride on the future’s changes, but how they will become drivers of change for the future,” Mike Frausing—Globe Senior Advisor for Enterprise and IT Enabled Services Group— mentioned before awarding the contestants.

For third place, Yondu, Inc.'s Jaime Bargan Jr. and Eliza Vanessa Villapando were given a cash prize of Php40,000. The award for second place, along with a prize amounting to Php60,000, were received

by Converga Asia, Inc.'s Warner Doroja Jr., Sherry Ann Sambas, John Robby C orle o S e e, and Ar v in Paguipo, while the first place and grand prize of PHP100,000 were awarded to Hinduja Global Solutions' Apurva Vora, Gaurav Banga, Anna Ruth Navalta, and Ray Carlo Villanueva.

Aside from the Shift Aw a r d s , G l o b e C h i e f Commercial Officer Albert de Larrazabal awarded the I B PA P- G l o b e S app h i re Flare for Brilliance Award to Monchito Ibrahim for b e i n g i n s t r u m e nt a l i n driving inclusive growth and identifying strategic opportunities in next w ave c it i e s a c ro s s t h e c o u n t r y. I b r a h i m h a s been a consistent member of the Information and Communication Technology (ICT) industr y, actively finding ways to sustain regional ICT development projects and leading the implementation of regional road shows, in order to discover the industry’s next growth areas.

Budget... from page 7

ended the first 10-month p erio d with a PHP49.8 billion primar y surplus, lower than the P219.3billion primary surfeit in the same period last year.

The Development Budget Coordination Committee (DBCC) earlier raised the government’s budget deficit ceiling to 2.7 percent of gross domestic product (GDP) this year and to 3 percent next year.

The deficit ceiling was raised to enable the government to spend big on infrastructure, human capital and social protection, as part of President Duterte’s 10-point socioeconomic agenda to sustain high and inclusive growth. (PNA)

BusinessWeek

lifestyle

MINDANAO www.businessweekmindanao.com

SophieRed Onshore Restaurant at Jasaan

I

visited Sophie Red Hotel and Onshore Restaurant with my best friend, Vianney, just last week to – anyway – kill the boredom of a non-working day. Aside from that, there are already a lot of people who visited and had broadcast about this place, that made me really curious about and decide to visit it myself.

We commuted and rode a motor vehicle going in the place which is located at Bobontugan, Jasaan and just paid 14.00Php for the two of us. The resort is very accessible, for visitors can see a very big signage and it is just located nearby the road.

The sun was shining brightly

and because we went there by mid nine in the morning, the heat are easily pricking through our skin but once we get inside, lo and behold, it is indeed a paradise.

We paid entrance fee and took a lot of pictures before getting inside the restaurant.

Never did I forget that famous pathway made up of wood I have seen in several photos in social media. So, there I am.

Hehe.

We are met with wide smiles of the resort staff, and was even shocked by a pronouncement of “Nag-unsa ka dinhi, IRENE?!”

LOL. Laughing though, I found out it was Ms. Christine Jardin

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Friday | December 2, 2016

Irene Dayo of itsirenedayo.com

who was a classmate of mine back elementary years. She manages the dining section of the resort. Whoa, I can remember the years where my classmates and I are still playing “Sun, Moon, Earth” in our elementary school’s porch years back and look now, I am always amazed when I get to meet my old classmates and learn that they succeed in their line of profession.

We dine inside. Actually, it was just a light lunch. Their Pancit Guisado is so delicious.

There are a lot more that I have seen in the menu. There are some faves of mine – Sisig, Seafood and several others.

I have also observed that their waiters and waitresses are so polite, even explaining about each dish. I also think that this resort has absorbed Hotel and Restaurant Management interns. It is so nice though how the resort address its corporate and social responsibility of extending their services to the academes.

So guys, I am encouraging you to visit this place. The hotel is set to open by March 2017.

I am even more than excited to revisit again and experience their Water Sports Offerings (My goodness! I learned it will be opened before this year ends!). The entrance fee up to

this press time is P100.00 per person for those who wish to take photos and use the pool.

However, if you will dine inside, well, you don’t have to pay that galleon. Just tell the personnel that you will eat inside, so she won’t charge you that rate.

We made a mistake of paying a hundred and dine inside, then found out that we don’t have to pay for the entrance fee. Good thing, the resort is so considerate we had our two hundred back.

For more inquiries about the resort, just like and message their Facebook Page Sophie Red Hotel & Onshore Restaurant and look for Ms. Christine Jardin.

Ororama welcomes Jolina as guest cashier

By MARK FRANCISCO

A

total of more than a hundred people equivalent to almost P10,000 in sales was entertained by allaround heartthrob Jolina Magdangal at Ororama in her role as celebrity cashier last Wednesday, which was also a holiday being Bonifacio Day. Shoppers from as far as the provinces trooped to Ororama, bought Super Twins diapers, queued up to wait for their turn to be accommodated by Jolina and posed for a selfie with her after she registered each sale at the cash register.

Despite standing in stilettos throughout the event, Jolina had no complaint and was gaily smiling for each customer.

That’s the vintage Jolina that we know years back when she was still a teen star. Even to this day, she retains that charisma.

Super Twins has multichannel quick absorbent care with super gel that quickly absorbs and draws away wetness from skin to avoid irritation. Jolina’s two-year-old son Pele uses Super Twins. Although the kid was in the hotel resting, shoppers didn’t mind because the mother – their idol Jolina – was there.

Super Twins has liquid lock layers that absorbs liquid and lock it away to prevent leaks. Even without underwear, it will make your baby look fashionable with its clothlike cover and “denim” design. Super Twins has likewise Dual Leak Shields that prevent side leaks, cottony soft top sheet that keeps baby cool and dry to minimize diaper rash and super adhesive magic tape for easy adjustment and fitting.

Super Twins is available at Ororama Cogon and Ororama Carmen. Watch out for more exciting promos and gimmicks at Ororama this 2017.

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friday|december 2, 2016

Energy... from page 1

In his message to the Association of Mindanao Rural Electric Cooperatives, Inc. (AMRECO) Summit in Cagayan de Oro City last week, Cusi said a WESM in Mindanao “runs parallel with President Rodrigo Duterte’s twin priorities of fully addressing the power situation, at the same time, pumping more economic activity and creating more jobs and livelihood in his most beloved homeland of Mindanao.”

But a consumer advocacy group based in Mindanao warns a WESM cannot address power supply problems in Mindanao, and will result only in increasing the rates paid by consumers.

“We encourage consumers to raise their vigilance against those advocating for its establishment since they appear to be either engaged in a scheme to maximize p r o f i t s f o r g e n e r at i n g companies (GENCOS), or ignorant of the economic and technical principles that govern the operations of electric power systems,” noted David A. Tauli, president of the Mindanao Coalition of Power Consumers (MCPC) in a white paper circulated to power consumer advocates in Mindanao.

Why Mindanao WESM won’t work “The main reason WESM will not work in Mindanao is because are only six significant generating companies in Mindanao, and it would be easy for these few gencos to collude with each other to manipulate market prices,” Tauli said.

He noted how the Energy Regulator y Commission (ERC) found gencos in the WESM in the Luzon and Visayas had been colluding to increase the price of generated electricity in periods of power shortages, despite having many more gencos deemed necessary to make a spot market bring out the lowest priced electricity through competition.

Furthermore, a detailed study released in April 2013 entitled “Challenges in Pricing Electricity Power Services in Selected ASEAN Countries” found that some 90 percent of transactions in the WESM were bilateral agreements specifying the amount, price, and date of delivery of the power, and not spot transactions.

The report was produced b y t h e Un i t e d S t a t e s Agency for International Development (USAID) and prepared by a team of Filipino and American economists for the Virginia-based US gover nment cont rac tor International Resources Group.

How Mindanao WESM can work In contrast, a top executive of one the largest coal-fired power plants in Mindanao believes that unless a WESM starts operating and the grid operator commissions high capacity transmission lines to deliver that power where

it’s most needed, consumers could still be bugged by high electricity rates and brownouts.

“High load generation especially in the southern corridor is constricted,” said Gabino Ramon G. Mejia, executive vice president of GNPower Kauswagan Ltd. Co. during his presentation on “Ensuring Power Supply Availability in Mindanao” during the 1st AMRECO Annual General Membership Assembly held 26 November 2016 at a local hotel.

“Even with bilateral contracts, generators are unable to fully deliver contracted capacities, due to grid constraints, with NGCP’s 230kV transmission line backbone project scheduled to come online by next year yet,” Mejia added.

H o w e v e r, s o u r c e s within NGCP who prefer to remain anonymous said the 230 kV transmission line of Bunawan-Matanao section of the Mindanao 230kv backbone has yet to be constructed within the next two years.

“But for now, existing lines are sufficient, catering to the generation of San Miguel Coal plant in Malita and Therma South-Toril coal plant. The subject constraint could only be a factor when San Miguel Units 3 & 4 are commissioned in another 2 years, and by then the Mindanao 230kV backbone should be ready,” the source said.

Nevertheless, even if that project gets delayed, Mejia is convinced a WESM could help facilitate the delivery of stranded Bilateral Contracted Q u a nt i t i e s ( B C Q s ) o r electricity already contracted for by DUs from Gencos but undelivered due to capacity limitations of the transmission system.

“There are 4 key areas which are ‘must haves’ to ensure the availability of power supply in Mindanao: Market (a sophisticated electricity market); Infrastructure (a strong and reliable grid); Planning (robust energy resource planning to continuously build additional capacity, and practice competitive procurement) and Policies (Create and enforce key policies and fulfill respective obligations in contracted/ signed agreements). “ T h e l ong s t an d i ng supply deficit problem in Mindanao has already been solved, but power supply availability connotes the need for competitive pricing and reliability, reliable plants and a robust grid,” Mejia st re ss e d. “ T he c u r re nt situation in Mindanao with excess power supply and no WESM, has power generation being dispatched based solely on purely technical considerations of power supply agreements.”

Engr. Glenn Reston of the Mindanao Development Authority, OIC of Mindanao Power Monitoring Committee (MPMC) earlier said the WESM can transport surplus electricity to areas where it is insufficient. “We are entering a regime of surplus

capacity. We need to have the market,” he emphasized.

(Colina, 2016) What can be traded in WESM But the MCPC said the DOE, MPMC and gencos are either ignorant or deliberately not disclosing the technical limitations which constrain a WESM in Mindanao from performing as advertised.

“The reason why a WESM in Mindanao will not address the ‘problem’ of overcapacity in power plants (considered only a problem by gencos, but a blessing to power consumers) is that the excess capacity is in base-load power plants, whose generation should not be sold in an electricity spot market. The generation of base-load power plants is sold through longterm power supply contracts,” Tauli stressed in his white paper.

He further explained how ancillary services also are not sold in a spot market, but are contracted for a term of several years by the power system operator.

“Consumers should also be informed that it is only the power output of intermediateload power plants and peaking power plants (generally oilfueled or natural-gas fueled power plants) which are sold in a spot market,” he noted. “ Only two gencos own significant capacity of diesel-fueled power plants: the Aboitiz group and the Alcantara group. It would be very easy for these two gencos to manipulate the price of electricity sold in an electricity spot market.”

On the DOE’s proposed interconne c t ion of t he Mindanao to the Luzon and Visayan grids to make the WESM economically efficient, Tauli said NGCP studies have shown an interconnection is not economically justifiable for Mindanao.

“The costs (mainly in increased payments for electricity) to consumers in Mindanao of a VisayasMindanao interconnection would greatly exceed its economic benefits,” he said.

“Given the foregoing characteristics of the electric power industry in Mindanao, which should be known to anyone in any position of authority in the electric power industry, it can be concluded that officers of private corporations and public agencies in t he electric power industr y who are campaigning for the establishment of a WESM in Mindanao are either engaged

in a scheme to increase the profits of the generating companies, or ignorant of the economic and technical principles that govern the operations of electric power systems,” he concluded.

Mining...

from page 1 form part of the 21-hectare declared people’s small-scale mining area or Minahang Bayan in Barangay Kematu.

But the mining area is within the 84.98-hectare Mineral Production Sharing Agreement (MPSA) of the TMC. Records show that the Minahang Bayan was d e c l a re d by t h e S out h Cotabato Provincial Mining Regulatory Board (PMRB) in 1995 based on provisions of Republic Act 7076 or the People’s Small-Scale Mining Act. TMC’s MPSA No. 09097-XI was issued by the MGB on Novemb er 20, 1997.

Paye s ai d TMC an d t he s ma l l - s c a l e m i ne rs practically operated on the same area for many years.

But he said disputes eventually arose among the operators and cases were filed in local trial courts.

Along with the PMRB, h e s a i d t h e y i n i t i at e d negotiations among involved parties “to enjoy mutual co-existence but was hard to achieve.” “(But) wit h t he ne w development, a friendly and peaceful climate will now be attained in the area,” Paye said in a statement.

The official said they expect that the agreement will result to “mutual trust and peaceful cohabitation” among the parties – TMC, the T’boli tribal residents and local communities. “ This will eventually increase investor confidence on the mining industry in the area,” he added.

TMC is currently conducting explorations within the mining area for its planned large-scale gold and silver mining venture.

The company is suppor ted by Canadian f i r m C a d a n R e s o u rc e s Corporation, which formally changed its name in October to Rizal Resources Corporation.

Cadan earlier disclosed that the T’boli project holds potential deposits of around 3.8 million tons, containing 1.1 million ounces (Moz) of gold and 3.3 Moz of silver.

(MindaNews)

Republic of the Philippines Local Civil Registry Office Province: Misamis Oriental Municipality : NAAWAN NOTICE FOR PUBLICATION In compliance with Section 5 of R..A. No. 9048, a notice is hereby served to the public that Fely D. Omongos-Cabigon has filed with this Office a petition for a Change of First Name from ‘’FELOMINA’’ to ‘’FELY’’ in the birth certificate of FELY D. OMONGOS-CABIGON who was born on August 10, 1959 at Naawan, Misamis Oriental and whose parents are Virgilio L. Omongos and Adelina Dadacay.

Any person adversely affected by said petition may file his written opposition with this Office not later than December, 2016.

BWM: December 2 & 9, 2016

(Sgd.) MARLON S. DACOCO Municipal Civil Registrar

NEDA... from page 2

cases; 3) implementation of conflict-sensitive and peace-promoting projects through convergence efforts; 4) strengthening linkages between the micro, small and medium enterprises (MSMEs) and large-scale corporations; 5) revitalizing major industries affected by globalization; 6) onsite skills training for rural communities; 7) establishing suitable settlements and workshop centers for persons with disabilities (PWDs) and other vulnerable groups; 8) allocating one percent of agencies’ budget for the youth; 9) holistic assistance to poor but deserving students; 10) establishing alternative transport solutions; 11) rationalizing the location of coal-fired power plants; and 12) improving connectivity in far-flung and povertystricken areas. In his closing remarks, RDC-X Macro Committee Chair Arsenio Sebastian III expressed appreciation to the Planning Committee for involving the regional stakeholders and praised the participants for their continuous commitment and support to the planning exercise.

Projects... from page 2

District; and 3.2 million for the 4th District.

Included in the total amount received by Damulog town in 3rd District is the P188,411,870.61 cost for concreting and rehabilitation of its 13.64 kilometer farmto-market road projects in Sinayaran, Pocopoco, and

Tangkulan sub-villages.

The agency’s released farm machineries comprised 33 power tiller-turtle type; 26 units water pump and engine; 5 units cassava chipper and 2 cassava granulators; one hammer mill and 3 feed mixers; two units Vermi separator for organic agriculture with funds for organic fertilizer production; and one unit of corn sheller and corn mill.

Likewise, provision of livestock and draft animals include carabao, sheep, cattle/ bull, quail for egg-production, and goat multipliers, among others.

Leaders and members of farmers’ associations and cooperatives, municipal mayors, governors and congressional representatives f rom v ar i ou s p ar t s of Bukidnon participated in the event.

In his message, Secretary Manny Pinol expressed his gratitude for the farmers’ contributions in making sure that there will be daily food on the table of every household.

(RLRB/PIA 10-Bukidnon)

Award... from page 5

2016 GKK board of judges composed of individuals from the ECC, OSHC, Employers C onfederation of the Philippines, Samahan ng mga Manggagawa at Kalusugan, Social Security System, Philippine Health Insurance Corporation, Employees Compensation Commission, Philippine College of Occupational Medicine, Safety Organizations of the Philippines, Bureau of Working Conditions, and National wages and Productivity Commission.

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF Tubod, Lanao Del Norte NOTICE OF EXTRA-JUDICIAL SALE EJF No.: 207-07-2016 Upon the Extra Judicial Petition for Sale under Act 3135/1508, as amended, filed by the 1st VALLEY BANK, A DEVELOPMENT BANK, Baroy, Lanao del Norte against LOVE VELLA S. FALCUNIT, Poblacion Bacolod, Lanao del Norte, to satisfy the indebtedness which as of August 18, 2016 amounting to TWO HUNDRED THOUSAND PESOS (Php 200,000,000.00) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at Public Auction on 20th day of December 2016 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Provincial Capitol of Lanao del Norte,Pigcarangan, Tubod, Lanao del Norte, to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements, to wit: LIST OF MORTGAGED PROPERTIES OCT No. 14,800 Lot No. 2520-C, Csd-12-006619-D A parcel of Agricultural land situated at Caniogan, Tubod, Lanao del Norte with an area of (36,223) square meters more or less. Bounded on the N. W., along line 1-2 by Lot 2520-B, Csd-12-00-6619-D., and on the N.E., along line 2-3 by Lot 2519, Pls-13., and on the S.E., along line 3-4 by Lot 2520-D, Csd-12-006619-D., and on the S.W., along line 4-1 by Lot 2520-E. Csd-12-006619-D (Alley Re ad). Together with all the improvements found thereon. ‘’All sealed bids must be submitted to the undersigned on the above stated time and date.

In the event that the Public Auction cannot take place on the said date, it shall be held on September 28, 2016 without further notice.

Tubod, Lanao del Norte, Philippines, this November 10, 2016.

For the Clerk of Court and Ex-Officio Sheriff

(Sgd.) CONRADO V. HINGCO, JR. Sheriff IV

BWM: Nov. 18, 25 & Dec. 2, 2016

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friday|december 2, 2016

Heart Evangelista-Escudero Actress A proud member of Member: PDIC. Maximum Deposit Insurance for Each Depositor P500,000 Veterans Bank is regulated by the Bangko Sentral ng Pilipinas.