BusinessWeek Mindanao (February 12, 2018)

BusinessWeek M I N DA N A O CREDIBLE

Volume VIII, No. 111 As of 6:00 pm February 9, 2018 (friday)

FOREX

PHISIX

US$1 = P51.48

8,503.69

17 cents

RELIABLE

X

141.39 points

Briefly Sustainable livelihood ENTREPRENEURSHIP advocacy group Go Negosyo has set up a pilot vegetable growing project in the province of Lanao del Sur to provide sustainable livelihood to residents affected by the Marawi siege last year. The signing ceremony was attended by representatives of the province, hybrid rice firm SL Agritech and Go Negosyo on Tuesday. SL Agritech Chairman Henry Lim Bon Liong said the company currently maintains a 50-hectare area solely for planting two hybrid rice varieties to increase the yield of 50 farmers in the municipality of Bubong, near Marawi City, adding that areas can also be identified for vegetable farming. The rice demonstration farm is expected to boost yields to between 7 metric tons (MT) and 14 MT per hectare (ha) from the current yield of 3 MT to 3.5 MT.

Next tourist spot DAVAO City -- More than two million netizens, who responded to a crowdsourcing campaign initiated by the country’s leading airline, chose the capital City of Mati in Davao Oriental as one of the top preferred destinations they want Cebu Pacific Air (CEB) to fly next. Through this campaign, netizens, for the first time in the Philippines, were asked which destinations in the country they would want the airline to serve. Two emerging tourist destinations in Mindanao were popularly chosen by netizens -- Mati and Bislig, a third- class city in Surigao del Sur.

IN-DEPTH

Duterte bans sending of workers to Kuwait www.businessweekmindanao.com

Market Indicators

X

YOUR Mindanao-wide BUSINESS paper

Monday | February 12, 2018

P15.00

Orders repatriation of OFWs who want to come home

D

By ANTONIO L. COLINA IV, MindaNews

AVAO City -- President Rodrigo Duterte has banned the deployment of overseas Filipino workers (OFWs) to Kuwait due to the increasing number of abuses and deaths, including Filipina worker Joanne Daniela Demafelis whose body was recently discovered inside a freezer of an abandoned apartment in Al-Shaab, Kuwait.

In a press conference at the Matina Enclaves Friday evening, Duterte said he wants Filipino workers in Kuwait who want to return home, to be repatriated in 72 hours [which expires today] and that he will ask Philippines Airlines and Cebu Pacific to fly them home. workers/PAGE 11

REPATRIATION. President Rodrigo Duterte shows printouts of photographs of Filipino workers in Kuwait who suffered abuses in the hands of their employers during a press conference Friday night at the clubhouse of the Matina Enclaves in Davao City. Duterte has ordered a ban on the deployment of workers in Kuwait and the repatriation within 72 hours of workers who want to come home. mindanews photo by manman dejeto

Senate vows to address ‘gray areas’ in BBL draft By TEOFILO GARCIA, JR., PNA

SURGERY. US-based doctors volunteering for Medical Surgical Mission organized by THPAL Corp. and Taganito Mining Corp. doing a surgery to a patient. alexis estampa

Surigao Norte mining firms bring US doctors to treat poor patients By CHRIS V. PANGANIBAN, Contributing Editor

P L AC E R , S u r i g a o d e l Norte— After months of being bedridden due to severe burns in his entire body, 9-year-old Troy Ehapon could now walk normally after a

successful surgical repair by US-based doctors on a three-day medical outreach mission here last week. Troy was among the 110 indigent patients coming

Oro councilor sounds alarm over unsanitary tattooing By MARK FRANCISCO, Staff Writer

CAGAYAN de Oro City Councilor Ma. Lourdes Gaane sounded alarm over the health hazards posed by tattoo shops in the city.

A physician by profession, Gaane and two other councilors from her committee on health – George unsanitary/PAGE 11

from the neighboring towns of this province who availed of the free health treatment of the Medical Surgical Mission at the Provincial Hospital here jointly organized by Taganito HPAL Corporation treat/PAGE 11

Z A M B OA NG A C it y - Senator Juan Miguel Zubiri, has assured that they will address all concerns in drafting the final version of the proposed BBL. Zubir i, chair of t he Senate Sub-Committee on

the Bangsamoro Basic Law (BBL), made the assurance as he spearheaded a public consultation on the proposed BBL at the gymnasium of the Zamboanga City State Polytechnic College here senate/PAGE 11

TOP PERFORMERS. Toyota Motor Philippines awards its top dealership performers in Cagayan de Oro City. photo by mark francisco

Toyota Motors recognizes top CDO sales performers By MARK FRANCISCO, Staff Writer

TOYOTA Financial Services, the in-house financing arm of Toyota Motor Philippines, recognizes its top performers for Toyota Cagayan de Oro

which covers dealerships from Butuan to Zamboanga, in a rite held at N Hotel last February 9. toyota/PAGE 11

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

2

Economy

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

Monday|february 12, 2018

‘Biyaya ng Pagbabago’ Transitional Shelter keys are hand over to family-beneficiaries continuously moving By Lady Jean L. Kabagani

MARAWI CITY -- In continuing effort of the government and its commitment to

rehabilitate the war-torn city, family-beneficiaries from the most affected area (MAA) are

continuously moving in the ‘Biyaya ng Pagbabago’ Transitional shelter. From 500 families who received the transitory shelter award last

December, roughly 200 families received keys of their house units in areas 3 and 4 of the Biyaya ng Pagbabago Transitional Site here in Brgy. Sagonsongan, Marawi City. An initial 150 families already moved in to Areas 2 and 4 on January 20. During the transfer of the internally displaced individuals (IDPs) in the transitional site, several government line agencies simultaneously conducted several distributions of goods and services among residents. The Task Force

An excited old man receiving his Biyaya ng Pagbabago’ Transitional shelter key. photo by james umaran

Bangon Marawi (TFBM) with the support of Marawi local government conducts an on-site

digital identification (ID) registration for the Marawi residents. biyaya/PAGE 10

RPN Radyo Ronda Stations Nationwide

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

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

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

CBRP graduates in Guinsiliban. Thirty-two surrenderees complete the 30-day Community-Based Rehabilitation Program of the Philippine National Police (PNP) under the Enhanced Operational Concept of the Managing Police Operation on January 30 at Guinsiliban Covered Court. The program aims to help the surrenderees move forward to a productive life in a voluntary community-based approach.(Guinsiliban PCR/RTP/PIA10)

CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

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

Monday|february 12, 2018

3

CorporateWorld RESORTS, HOTEL & RESTAURANTS DIRECTORIES

A PUBLIC SERVICE BY:

Algen’s Dive Resort (088) 3872015 Apple Tree Resort & Hotel 735411 / 754525 Fax: 754497 0917-7144040 / 0923-3269366 / 0939-9076948 Bahay Bakasyunan sa Camiguin (088) 3871057 / 3870131 Fax: 3870278 EU Delegation to the Philippines Head of Economic and Trade Section Walter van Hattum and EU Ambassador Franz Jessen in an interview with the Philippine News Agency (PNA).

EU GSP+ helps uplift lives of PH’s poorest sectors

P

By Kris Crismundo, pna

hilippine exports to the European Union (EU) under the Generalized Scheme of Preferences Plus (GSP+) have been increasing since the country’s acceptance into the preferential tariff scheme in December 2014. EU Ambassador to the Philippines Franz Jessen welcomed this development, noting that the GSP+ also helped the government improve the lives of the country’s poorest sectors. “The objective with

the GSP+ is two-fold: to promote trade and promote the economic sustainability for a number of sectors,” Jessen said in an interview with the Philippine News Agency. “And the other aspect is much of the 27 international conventions,” he added. Data from the EU Delegation to the Philippines showed that the estimated annual growth of Philippine exports to the 28-member trading bloc under the GSP+ was at 21 percent in 2017.

Exports revenue breached the 2-billion euro mark last year, amounting to 2.1 billion euros (PHP120 billion). In 2014, Philippine exports under the EU GSP+ were at 1.22 billion euros. They grew to 1.58 billion euros in 2015, and to 1.66 billion euros in 2016. Helping the poorest sectors Walter van Hattum, head of economic and trade section of the EU Delegation to the Philippines, noted that about PHP60 billion of the country’s exports to the EU under the GSP+

were agricultural and food products from one of the sectors in the country where there is a prevalence of poverty. Most of these products were sourced from Mindanao, wherein poverty is also high. In 2015, 34.3 percent of the poor were farmers and another 34 percent were fishermen, according to data from the Philippine Statistics Authority (PSA). In the same year, 14 out of 30 poorest provinces in the country were in Mindanao. Jessen said the EU continues to work with the uplift/PAGE 10

Dutch firm hikes stake in Cebu-based drugstore By Kris Crismundo

MANILA -- Dutch firm Mulgrave Corp. BV has increased its stake in one of the country’s top drugstores, Rose Pharmacy. The Board of Investments (BOI) approved the Dutch firm’s plan to raise its ownership in Cebu-based Rose Pharmacy from 49 percent to 51 percent. “This reflects the

sustained confidence of foreign investors in the country’s economy,” Trade Undersecretary and BOI managing head Ceferino Rodolfo said in a press statement Thursday. Rodolfo said Mulgrave was also considering increasing its investments here, as well as making additional acquisition and expansion of retail outlets in the future.

Rose Pharmacy currently has 252 drugstores nationwide. He added the company is bullish in the Philippines on the back of strong demand in the market. “The BOI is seeing increasing interest of foreign investors in the Philippines to access the expanding domestic market,” Rodolfo said. Data from the Bangko Sentral ng Pilipinas (BSP)

Vista Land eyes 60 malls by 2020 By Leslie Gatpolintan

MANILA -- Vista Land & Lifescapes, Inc. is ramping up its expansion with a target to triple its shopping mall portfolio in the next three years, as it rides on the country’s sound macroeconomic fundamentals. The property developer targets to have 60 malls by end of 2020 from the current 22 malls in its portfolio. “We remain optimistic

for the industry, given the strong demand for our commercial spaces and housing products, propelled by the stable growth in the disposable income, OF (overseas Filipinos) remittances and sound Philippine macroeconomic fundamentals,” said Vista Land Chairman Manuel B. Villar, Jr. in a statement. Villar remains bullish on expansion plans of its

leasing business through subsidiary Starmalls, Inc. to add 38 more malls in the next three years. Vista Land President and Chief Executive Officer Manuel Paolo Villar said they were looking at a doubledigit 10 to 15 percent consolidated net income growth this year. “Our company is poised to have another banner year for 2018, as our additional vista/PAGE 10

showed that foreign direct investment (FDI) inflows from January to October 2017 grew by 20.5 percent to USD7.9 billion from USD6.5 billion in the same period in 2016. Net equity placements in October last year also surged to USD1.53 billion from USD60 million in the same month in 2016. The central bank noted that additional equity went to sectors of power, manufacturing, construction, and wholesale and retail trade. Under Republic Act No. 8762, or the Retail Trade Liberalization Act, the Department of Trade and Industry (DTI), through the BOI, shall pre-qualify all foreign retailers before they conduct their businesses in the country. Retail trade is one of the sectors that the government targets to further liberalize by lowering the minimum paid-up capital to attract more foreign retail investors. (PNA)

Basamanggas Resort 08822-760564 Fax: 760565 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

Pryce Plaza Hotel 8583131 Fax: 726687 Prawn House (088) 3095992 Fax: 8519219 Ridge View Chalet 8588946 / 8587946 Fax: 8588946 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

Hotel Conchita 8563856 / 727355 Fax: 8563857

Kagay-anon Restaurant 728958 / 8563688 Fax: 8563843 / 729003

Hotel Koresco 8589749-50 Fax: 8589748

La Ilongga Restaurant 72-6183 / 857-3652 Fax: 72-4605

Hotel Sogo 8520383 Kingston Lodge 8585696 Fax: 8585696

Missy Bon Bon 8566852 / 09228606442 Fax: 8566852

Mapawa Natures Park 8584402 Fax: 725265 Mallberry Suites 8541999 / 7249999 Fax: 8544999 Maxandrea Hotel 8572244/729943 Fax: 724090 Miami Inn 8581901 to 02 Fax: 725279/728486 N Hotel (088) 8801924 Paras Beach Resort 8568563 Fax: 8568563 Philtown Hotel 726295 / 8564402 Fax: 723104

SLERS Ham & Café 8551438 Thai Me Up 738424/3108424 Fax: 738424 Barkadahan Grill 8551234 La Tegola Cucina Italiana 8585959 limketkai luxe hotel 8800000 Dear manok 8564914 / 8573413 LIMKETKAI LUXE HOTEL Landline: (088) 880-0000, Mobile: 0917-312-4563 Email: info@limketkailuxe.com

4

Opinion

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

Monday|february 12, 2018

‘Scrape to metal’ or ‘retouch’

Speaking out Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

ALLAN mario MEDIANTE

Vice President for Corporate Affairs

RUFINO T. MAGBANUA

Vice President for Business Development

Joe felicilda

Vice President for Administration

JOHN AARON M. DEL BANDO

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

Cris diaz ATTY. antonio s. soriano mike baños 2f, ICS Building BONG FABE Tel.No.: 881-0176 Uriel quilinguing Tiano cor. Montalvan sts. Contributing Editors Legal Counsel CLIFFORD SANTILLAN Layout Artist

ATTY. MARIO T. JUNI

ABEGAIL BAYNOSA Sandra encoY

Juni Law Office Cruz Taal St., CDO Legal Counsel

manila office: 9th Floor, Unit 918, CityLand Herrera VA Rufino Cor. Valero St., Salcedo Village, Makati City Tel. # : 5555392,Cell No.: 0977-152-8860 lani vallido-Marketing Manager

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463-826-272-000 – VAT. Reg., and with Business Permit No. 2017-02942. Tel. Nos.: (088)856-3344, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com

Member: Philippine Press Institute Oro Chamber

The magic is in the mix

jhan tiafau hurst Think a minute…A little boy named Mike was watching his mother bake a cake. She put all the ingredients on the table: flour, butter, sugar, baking powder, eggs, and vanilla. Then when his mother wasn’t looking, little Mike sneaked a taste of each ingredient. But they all tasted bad just by themselves! Then he watched his mother mix all the ingredients together, pour them into a pan and then into the oven to bake. That night after Mike had enjoyed 2 big pieces of the cake, he said: “Wow! How can mixing all those BAD tasting things make such a GOOD cake?” His mother smiled and answered: “Son, the magic is in the mix!” You see, sometimes bad things happen to us; and that thing by itself can be terrible and painful. We might get

During my color-coding days, I normally take Uber. Regardless of LTFRB’s misgivings about Uber, I personally find UBER quite efficient, economical and practical. I must have inherited my budget consciousness from my late mother, Sofia Rivera Bunye. So you guessed it right, I always opt for ridesharing.

Cell No: 09352379999

Advertising

think a minute

ignacio bunye

discouraged and lose hope because we think it’s hurt or ruined our plans for a good life. Maybe you didn’t get that job you really wanted; or your daughter dropped out of school because she became pregnant. It could be that someone in your family suddenly became very sick. Natura l ly w hen b ad things like this happen to us, it’s very hard for us to imagine that anything good can possibly come out of it. We might continue to blame ourselves or others for causing these bad things to happen. For example, we might keep making our pregnant daughter feel that she’s a failure and loser because that mistake she made has now ruined her life. But friend, if a person is a failure just because they failed, then we’re all failures! We’ve all failed at one time or another. That’s exactly why Jesus Christ came: to forgive and free us from all our past failures and wrongs so we can have a fresh start. But this time we will have His strength and character living in us. So why not make today the first day of your new life? Sincerely ask Jesus to forgive you for your past wrongs, and hurst/PAGE 10

have my say

klaus doring Sometimes, we might ask ourselves: What is the sense of doing this and that? What is the meaning of life? I am sure, each and every one of us looks for a good life. Sometimes, we seem to remain very optimistic. We think it’s easy to find always a good life. Most of the time, we are in doubt or, we even choose to be unhappy without any reason at all. To wake up in the morning with pessimism and fall asleep at night, dissatisfied and unhappy - yes, that makes life miserable. Wit h out h appi n e s s a n d s at i s f a c t i o n t h e r e is i nd e e d no sp a c e for peace in our hearts and

Savings aside, I also use Uber for the opportunity to pick on the brains of the driver - my favorite man on the street - as I try to research for my weekly newspaper column. With the last driver, however, it was the other way around. He obviously recognized me as I settled on my seat. As soon as we got going for my destination, he asked me: “Sec, ano ho ba ang tingin niyo dito sa federalism?” Wow. I almost fell off my seat. How do I explain this complex subject in ten minutes or less to someone who, in all probability, has very limited exposure to law or political science? I told Narding (the Uber driver) that switching to federalism is like buying a new car.

The first question to ask oneself is: Do you really need a new car? So I asked Narding about the car he is driving – a Toyota Vios which he owned. I asked him if he was satisfied with its performance. He answered affirmatively so I told him if that’s the case he did not need a new car. I asked him next if his car ever suffered any damage which needed urgent repair. Again, he answered “yes”. He explained that his car was scratched by another vehicle not so long ago. So he brought his car to a neighborhood shop to get a repair quotation. The shop owner initially quoted a horrendous figure for a “hilamos” or a “scrape to metal” repaint job. “Pina “retouch” ko na lang ho. Para din naman

How to ‘survive’?

minds. Therefore there is no domestic harmony and logically, no peace on ear th. The meaning of happiness is trying to manage life even with big problems, difficulties and trials. I learned this from Fi l ipinos s ince st ay ing in the Philippines as an e x p at r i ate for go o d i n 1999.I was really surprised to experience mutual h ap p i n e s s , f r i e n d s h i p, love, unity and communal spirit with relatives in my surroundings. Of course, I also found myself in ver y negative s i t u at i o n s . I o b s e r v e d people, who seem to live an easy go lucky way life. But, they were like actors and actresses on stage, wearing incredible masks and pretending to be what they are not. Hence, in Greek, they are the so-called hypocrites. Maybe also you and me are b el ong i ng to t he m from time to time. Fear of rejection or displeasure of other people are becoming our daily friends. In society, it’s called “good public

relation”. Politely greeting and smiling with a set of purpose: to win them to their business. William Congreve (16701729), English dramatist shaped the English comedy of manners through his brilliant comic dialogue, his satirical portrayal of the war of the sexes, and his ironic scrutiny of the af fectations of his age. His major plays were The Old Bachelour (1693), The Double-Dealer (1693), Love for Love (1695), and The Way of the World (1700).In his “Preface to Dryden”, he wrote: No mask like open truth to cover lies as to go naked is the best disguise. So, what really counts for us in life? Success? Power? Strength? Money? Is it contentment? Is it peace on earth? Is it peace in our homes? Zest for life? Let us go through life’s journey: From the time, we have been babies bubbling like a brook on the first blush of spring. We hurried up, unaware of problems and troubles, being unconscious of time, as adults we worried

hong bago. Malaki pa ho ang diperensiya sa presyo at nakuha ko ng mas maaga ang aking sasakyan,” Narding said. “There you have it,” I told Narding. “You have answered your own question.” Our 1987 constitution which provides for a “unitary” government undoubtedly has some shortcomings. But these defects can be cured by a simple “retouch”. As peddled by its p r o p o n e nt s , a f e d e r a l government (the opposite of unitar y government) promises greater autonomy for local governments which have been complaining against too much control from “Imperial Manila”, the national government. But greater autonomy is still possible without having bunye/PAGE 11

and became conscious of money. Then, suddenly, we looked at our aces, the first wrinkles, and the baldy patch on the forehead, the first grey hair. We observed our teeth falling out and our eyeglasses got thicker and our bones crack here and there. We start the familiar line: “When I was young... .” And we realize our mortality. D e at h c o u l d k n o c k at our do or any time. We fe el humble d. We have mellowed. Have I done no wrong? Have I been self less or selfish? Have I been missionoriented since then? Have I lived a life worthy in God’s eyes? What really counted for me? Ano ang mahalaga? Paniniwala? Pagasa? O kaya pagbibigayan at pagtutulungan? +++ Email: dor ingklau s@ gmail.com or follow me in Facebook, LinkedIn or Twitter or visit www.germanexpatinthephilippines.blogspot. com or www.klausdoringsclassicalmusic.blogspot. com.

Some notes on preaching hints and traces

roy cimagala Already for a number of years, I have been preaching and also being preached to. I thought of sharing my experiences for whatever they are worth. First of all, preaching is definitely not just a p e r for manc e, a lt hou g h we priests should try our best to perform as best as we can as preachers. The people appreciate good

performers. And we just have to try our best to meet their expectations in that department. Just the same, preaching is not merely a performance. The clarification is important because preaching involves much more than just being a good performer or a good actor. The preacher has to be a faithful minister of Christ. As such, he is dutybound, after he has been sacramentally conformed to Christ as priest, head of the Church, to assume the very mind and heart of Christ, the thoughts, desires and words of Christ as head of the Church. He can only talk about God, whatever the situation or circumstances may be. He has to present the living Christ, not a theoretical Christ, and much less, his

own self. The people should take home a vivid, and even stirring memory of Christ, not someone or something else. This, of course, is a lifelong affair that involves the priest’s total commitment at praying, meditating, and assimilating the words of Christ, making them their very own and relating them to the current issues, the temper of the times, the cultures of the people, etc. In other words, the priest is primarily required to live a unity of life that is patterned closely to that of Christ as priest, head of the Church. This is a tremendous, if not an overwhelming task, but it can and should be done, since all the means are already made available in abundance. It would just need the priest’s free cooperation

and correspondence. The priest should prepare his preaching spiritually, by praying and offering sacrifices. Then he has to study and start composing his thoughts and words, always keeping in mind both Christ and the people he has to preach to. Of course, he has to give due consideration to the different circumstances –place, time, issues, etc. There are just a few points that I would like to highlight. In preaching, we priests should present Christ in a positive and encouraging manner, helping people how to relate to him, and not to alienate people by threatening, scolding or lecturing to them. We need to use the appropriate tone and words, avoiding a condescending tone and preaching/PAGE 10

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

Monday|february 12, 2018

Banking&Finance

Bangko Sentral amends rules on foreign bank funds in TDFs THE Bangko Sentral ng Pilipinas (BSP) will not bar foreign bank funds in both the term deposit facility (TDF) and overnight deposit facility (ODF) if these are inward remittances or foreign currencies purchased locally. In a new circular signed by BSP Governor Nestor A. Espenilla Jr. last February 5, the BSP amended the rules prohibiting funds from non-residents in the TDF and the ODF. Nonresidents’ funds are still prohibited, but inward remittances by a foreign bank which it will use as capital for its local branch or unit will be accepted in deposit facilities.

“In the case of funds inwardly remitted by a foreign bank intended as capital of its branch or subsidiary in the Philippines, the same funds shall be eligible to be accepted in the TDF and the ODF of the BSP,” according to BSP Circular No. 995. “Further, placements in the TDF and the ODF are contractual in nature and thus shall be governed by the intent of the contracting parties.” The central bank reiterated that the TDF and ODF are monetary instruments designed to manage liquidity in the financial system and should not be used for “opportunistic investment activities funded from

non-resident sources.” “In keeping with the nature of this facility, all eligible banks shall not place in the TDF and in the ODF funds obtained, directly or indirectly, from non-residents; provided, that funds inwardly remitted by a foreign bank intended as capital of its branch or subsidiary in the Philippines shall be eligible for placement in the TDF and the ODF.” The BSP said an eligible bank will submit a notarized Letter of Undertaking (LOU). If a bank is found noncompliant to BSP rules, said bank will be limited, suspended, or denied access to the deposit facilities.

Last year, the BSP terminated trust entities’ ODF and TDF placements to discourage its use as an investment instrument. The central bank shifted to the interest rate corridor (IRC) on June 3, 2016 – which created the ODF and TDF – to help “enhance the link between the stance of BSP monetary policy and financial markets and, thereby, impact the real economy.” With the IRC system the BSP reformed its open market facilities by the introduction of the standing liquidity facilities, namely, the overnight lending facility and the ODF, the overnight RRP facility, and the TDF.

Espenilla faces his first big policy test as BSP chief BANGKO Sentral ng Pilipinas Governor (BSP) Nestor Espenilla Jr. faces his first major test tomorrow: Striking a balance between curbing inflation and calming financial markets. Inflation is at the highest in more than three years in January, the currency is under pressure and investors are fleeing emerging markets. Espenilla has to decide whether now is the right time to tighten monetary policy for the first time since 2014 to prevent one of Asia’s fastestgrowing economies from overheating. “Bangko Sentral ng Pilipinas may finally deliver on rate hikes after the spike in inflation to 4 percent,” said Eugene Leow, a fixed-income strategist at DBS Group Holdings Ltd. in Singapore. “With sentiment already jittery,

higher rates may actually instill confidence in peso assets.” Thirteen of the 17 economists surveyed by Bloomberg predict the benchmark rate would be held at 3 percent, with the rest forecasting an increase to 3.25 percent. The Philippines is among the top inflation-targeting central banks in Asia and its credibility now rests on the governor, who took office in July. Policy makers in Asia face pressure to follow the US in tightening monetary policy with Malaysia raising rates in January. The sell-off in global stocks and emergingmarket currencies are complicating the job of central bankers who seek to preserve stability while anchoring inflation and growth expectations. The peso has lost 3 percent this year, among

the worst-performing currencies in emerging markets. The benchmark Philippine stock index on Tuesday slid to the lowest since December after reaching a record last month. The meltdown across financial markets is likely to prompt Bangko Sentral ng Pilipinas to put on hold any prior plans for tightening this week BSP is among the most predictable in Asia on monetary policy. Former Governor Amando Tetangco communicated potential changes in advance and the last unexpected decision was in July 2012 when authorities cut interest rates. The implementation last month of the tax law that raised levies on fuel, sugary drinks and cigarettes is boosting inflation. The surge in January prices was driven

by food, beverages and tobacco. Chicken Public transport groups and ridesharing companies Uber Technologies, Inc. and Grab are calling for fare hikes, while labor unions are also seeking an increase in minimum wages. The central bank will be closely monitoring the situation and stands ready to take timely action, Espenilla said on Tuesday. “We’re not ruling out a rate hike,” said Euben Paracuelles, an economist at Nomura Holdings, Inc. in Singapore, who forecast no change. “The BSP is very sensitive to the inflation targets being breached. Given the tax law and oil, they probably would realize that the inflation outlook will only drift higher this year, so the target is more at risk.”

BMI Research sees 50 bps hike in BSP rate By Joann Villanueva

The research unit of Fitch Group on Friday said it is inevitable for the Bangko Sentral ng Pilipinas (BSP) to raise its key rates by about 50 basis points this year amid inflation pressures and Federal Reserve’s tight monetary policy. “We believe that the window for further ratehold is quickly narrowing,” BMI Research said in a study. The study noted it considered the faster rate of price increases in the first month this year as “more than just cyclical factors, and was in part due to sustained high credit growth as a result of the ultra-accommodative monetary policy stance.” Inflation rate last

month picked up to 4 percent, the upper end of the government’s 2 to 4 percent target band for ‎2017-2019, from last December’s 3.3 percent. “Together with higher oil and commodity prices, we expect inflationary pressures to remain elevated, and this will likely prompt the BSP to tighten its monetary policy to keep inflation under control,” it said. BMI Research said inflation “is likely to head higher if nothing is done”. It forecasts rate of price increases to average at 4 percent this year. “As the US (United States) Fed stays on its tightening path, we expect the BSP to hike interest rates by 50 bps to 3.50

percent by end-2018 to safeguard both currency and macroeconomic stability,” it said. Another factor cited by BMI Research as a reason for its rate hike projection this year is the yield of government-issued twoyear bond, which it said, has “risen considerably” since the third quarter of last year. It said yield of the three-year T-bond rate is now about 100 basis points higher than the central bank’s reverse repurchase (RRP) rate. On Thursday, the central bank’s policymaking Monetary Board (MB) kept anew the BSP’s key rates, placing the RRP still at 3 percent, the repurchase (RP) rate at 3.5 percent, and rate of the special deposit account

(SDA) at 2.5 percent. Monetary officials also increased the central bank’s average inflation forecast for this and next year to 4.34 percent and 3.49 percent for 2018 and 2019, respectively, higher than the previous 3.4 percent and 3.23-percent projections. They considered the impact of the Tax Reform for Acceleration and Inclusion (TRAIN) law in the revised inflation forecast. “Given that inflation expectations are rising and real interest rates have already dipped into negative territory, we believe that the BSP might find itself increasingly behind the curve as it continues to delay tightening its ultra-loose hike/PAGE 10

5 OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

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

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

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

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

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

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

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

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

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

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

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

METRO BANK- GAISANO 8561720

BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558 PLANTERS DEVELOPMENT BANK

Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

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

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

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

EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331

STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168

ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

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

Capistrano Corner CruzTaal St. CDO 8524099/722695

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

6

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

Monday|february 12, 2018

ACT urges DepEd-NEAP to fastrack its application to accredit teachers’ trainings

While we welcome the accreditation of the Department of Education’s National Educators’ Academy of the Philippines (DepEd-NEAP) as a provider of the Continuing Professional Development programs for DepEd teachers and employees, we urge them to fastrack its application to accredit teachers’ In-Service Trainings, Learning Action Cell Sessions and other professional programs as this delay caused several problems to the teachers already. Through a series of lobbying and protest actions led by ACT, Philippine Regulations Commissions (PRC) issued an order suspending the implementation of the CPD

program for teachers to give time for DepEd to craft its guidelines until November 30, 2017. However, DepEd, through NEAP, failed to process its accreditation as a provider and the accreditation of its program before November 30, 2017. Following this failure, teachers were forced to either get accredited programs from private providers at a cost, use their self-directed trainings and seminars or promised to fulfill the required CPD units in the next three years. Teachers shouldered the penalties of DepEd’s negligence! With its failure, DepEd remained to be very silent on this and let teachers suffer from its utter neglect of its

duties and obligations. This pushed us to again hold protest action at the DepEd Central Office. We also requested PRC to once more extend the suspension of the implementation as this was not the mistake of the teachers but of the agency itself. However, PRC declined our request and reasoned out that the failure of the agency to process its accreditation as a provider and its programs is not enough to further the suspension of implementation of the CPD for the teachers. Finally, through our persistent demand, DepEd-NEAP completed the requirements as an accredited CPD provider last December 12, 2017. However, DepEd-NEAP

is yet to apply teachers’ trainings as an accredited professional program recognized by PRC. As mandated by the Philippine Constitution, CPD is a right of every professionals. Not a single centavo shall be spent by teachers in complying for the required 45 units under the CPD Law. DepEd’s failure should not mean penalties for the teachers. We call on the PRC and DepEd to settle this immediately in favor of the already overworked and underpaid teachers! We call on DepEd to work on the immediate accreditation of its programs as teachers are now renewing their licenses and many are already burdened because of their negligence.

Globe President & CEO Ernest Cu reports the company’s record revenue performance in 2017 at an analyst briefing held at the telecommunication provider’s headquarters in Bonifacio Global City while Chief Finance Officer Rizza Maniego-Eala looks on.

Globe board approves 1Q cash dividend of P22.75/share for common shareholders Globe Telecom said its board approved the first quarterly distribution of cash dividend of P22.75 per share for holders of its common shares. The dividend will be paid to shareholders on record as of

February 20, 2018, payable on March 5, 2018. “The first quarter cash dividend payment total is about P3 billion,” noted Globe Chief Finance Officer Rizza Maniego-Eala. globe/PAGE 11

130 CPP-NPA terrorists, supporters in Bukidnon surrender

CAMP OSITO BAHIAN, Malaybalay City, Bukidnon —One hundred thirty members and supporters of Communist Party of the PhilippinesNew People’s Army (CPP-NPA) terrorists from Sumilao town’s hinterlands surrendered to local authorities and to the 1st Special Forces Battalion, 7 February 2018. In a simple ‘mass surrender’ ceremony at the town’s gymnasium, the rebels laid down a total of 34 assorted high and lowpowered firearms, including one improvised explosive device. Among the 130 rebels who surrendered, two are CPP-NPA combatants; 35 from Militia ng Bayan; and 93 are CPP-NPA mass base supporters and members of underground mass organizations.

Officiated by Mayor Jose Antonio A. Villo of Sumilao, Bukidnon, the rebels took their Oath of Allegiance to the government as an act of commitment. Hundreds of local government workers, residents, soldiers, and the media witnessed then the burning of the CPPNPA flag. The event, dubbed as "Kagsabuwa Para Hu Kalinaw (Unity for Peace)" was attended by Brigadier General Eric C Vinoya AFP, commander of the 403rd Infantry "Peacemaker" Brigade and mayor Villo. The surrender came after the 403rd Infantry Brigade of the Army's 4th Infantry Division and its operationally controlled battalions continued the conduct of Community Support Program and

One hundred thirty CPP-NPA rebel combatants, Militia ng Bayan, mass base supporters and members of underground mass organizations, take their Oath of Allegiance during the “Kagsabuwa Para Hu Kalinaw (Unity for Peace)” in a mass surrender ceremony at Barangay Kisolon, Sumilao, Bukidnon. (Norman M. Tagros, CMO, 403rd Infantry Brigade, 4ID, PA)

CPP-NPA rebels lay down their 34 assorted high and low-powered firearms, including one improvised explosive device during the mass surrender rites dubbed “Kagsabuwa Para Hu Kalinaw (Unity for Peace)” at Barangay Kisolon, Sumilao, Bukidnon. (Norman M. Tagros, CMO, 403rd Infantry Brigade, 4ID, PA)

relentless focused military operations in the different CPP-NPA terrorists threatened areas in Northern Bukidnon. In his message during the ceremony, BGen Vinoya appreciated the surrender of former CPP-NPA terrorists members and supporters. He also reiterated the Comprehensive Local Integration Program (CLIP) of the government for the CPP-NPA terrorists, who would opt to go back to the folds of the law. "It is with great appreciation that I welcome the surrender and the oath of allegiance to our government of the 130 CPPNPA members and supporters. This very significant moment is a great contributory factor in our bid to attain peace in our communities here in Bukidnon,” said Vinoya.

He also assured the returnees that the government has always that “helping hand” for those rebels who want to return to the folds of law. “With your surrender, rest assured that we would work hand-inhand with the Local Government Unit and our government agencies in order to assist you as you start anew and live a peaceful and normal life through livelihood projects and capacity development programs. The government has prepared a program for you such as the CLIP wherein our brothers who are former members of the NPA will receive cash and livelihood assistance, housing, and employment assistance, among others," he added. (Norman M. Tagros, CMO, 403rd Infantry Brigade, 4ID, PA)

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

Monday|february 12, 2018

7

BusinessWeek MINDANAO CREDIBLE

RELIABLE

Editor: GILBERT Y. CHAO

mOTORING IN-DEPTH

Monday | February 12, 2018

8

Isuzu Philippines seals partnership with GMA Kapuso Foundation

As part of its corporate social responsibility program, Isuzu Philippines Corporation (IPC), the country’s leader in commercial vehicle segment, has formally signed a memorandum of agreement with GMA Kapuso Foundation (GMAKP)—the socio-civic arm of GMA Network—in response to provide vehicle assistance and emergency relief operations to communities across the country. The partnership aims to help over 600,000 individuals who are affected with calamitystricken and underserved

communities. Most of these beneficiaries are recipients of Operation Bayanihan Project—a series of relief operations and medical missions; and “Unang Hakbang sa Kinabukasan” project, which focuses on the importance of education by providing complete set of school supplies to underprivileged students. Isuzu Philippines Corporation President Hajime Koso said, “Our support to GMA Kapuso Foundation demonstrate our true commitment in helping out the lives of communities everywhere. It’s an honor and privilege

to reach out and extend our hands to communities that need us the most.” Under the agreement, Isuzu Philippines Corporation will donate one (1) unit of Isuzu D-MAX 4x4 pickup truck to GMA Kapuso Foundation (GMAKF) in its bid to support and deliver public service through its charitable missions nationwide. “Our company (Isuzu) is not only known in creating vehicles across the world, but also in building hope and compassion towards other people. This partnership is our way of helping out and

sharing our commitment and passion in public service”, said Koso. “We are happy to partner with GMA Kapuso Foundation to become a responsible steward of our society through their Serbisyong Totoo philosophy,” he added. Present at the signing ceremony were GMAKF Founder and Ambassador Mel Tiangco; IPC President Hajime Koso; IPC Asst. Dept. Head for Admin. Masahiro Soga and GMAKF Executive Vice President and Chief Operating Officer Rikki Escudero-Catibog, who kapuso/PAGE 10

Volkswagen PH starts 2018 with the introduction of the Golf GTS Highline

V

olkswagen Philippines, the official importer and distributor of Volkswagen vehicles in the country, now offers the Golf GTS Highline variant to jumpstart 2018 for both Volkswagen fans and car enthusiasts alike. Since the Volkswagen Golf GTS was introduced in the Philippines in May 2017, the local market has warmly welcomed one of the German carmaker’s most successful brands. The Golf GTS (Grand Touring Sport) wagon body style carries the DNA of the original Golf, which has sold over 30 million units in seven generations of production, but offers 350 liters more cargo

space than its hatchback version. The GTS wagon style is ideal for those who love the power and performance the Golf has been known for over the years, yet still value the comfort and space of a wagon. The Golf GTS Highline is powered by the 4-cylinder, in-line 2.0 TDI diesel engine mated to the 6-speed DSG transmission system, and generates 150 PS of power at 3,500-4,000 rpm, and class-leading maximum torque of 340 Nm at 1,750-3,000 rpm. The electromechanical speed-sensitive power steering, 15-inch front ventilated and rear disc brakes, the struts and volkswagen/PAGE 10

Chevron’s Volunteer Week marks 10 years of giving back to host communities Chevron Philippines Inc. (CPI), marketer of Caltex fuels and lubricants, recently celebrated ten years of doing Volunteer Week, an annual five-day initiative to invest time, resources and energy in social issues that matter to employees, customers and communities. “Volunteer Week is a celebration of volunteerism, a core value of Chevron, in which employees and other Chevron business partners are encouraged to work for the progress and improvement of

communities where it does business. Employees volunteer time and energy to be a part of projects that positively impact the children, youth, disadvantage people and environment,” stated Louie Zhang, CPI country chairman. During the most recent Volunteer Week, more than 500 Chevron volunteers engaged in a variety of charitable community work. Starting with volunteers helping train stay-at-home moms and out-of-school youths volunteer/PAGE 10

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

Monday|february 12, 2018

9

10

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

Monday|february 12, 2018

Kapuso... from page 8

gave her inspiring opening remarks during the actual turnover of the Isuzu D-MAX vehicle. “This is just the beginning of many wonderful things that stored for Isuzu. IPC and GMA Kapuso Foundation (GMAKF) will continue to provide a stronger partnership that will help elevate the lives of underprivileged Filipinos all over the country” said Koso. “With this partnership, we will able to bridge and change the life of every communities in every city. More than just giving, what a great reward to see families that has been transformed” he added.

Volkswagen... from page 8

0935 161 3398

856-3344 / 74-53-80

3-p oint wishb one wit h stabilizer front suspension and torsion beam (for the comfort yet ability to carry heavy cargo), add to the premium feel of the Golf GTS Highline ride. The Golf GTS Highline comes with 17-inch alloy wheels, and is feature-packed with the following: Bi-Xenon headlamps with LED daytime running lights; fog lamps with static cornering lights; front wiper with rain sensor; electrically adjustable heated side mirrors with side turn lights; 2-way power adjustable backrest and manual lumbar front seats; leather 3-spoke steering wheel with paddle shift and multifunction display, radio and telephone c ont rol s ; “Ke y l e s s - G o” entry/exit with Safelock; 6.5” Composition Media touchscreen; Infotainment system (radio, CD, MP3, Aux-in) with Bluetooth connectivity, App Connect, and voice control, and; Fender sound system with 8 speakers and subwoofer. The Golf GTS Highline is being offered at a starting price of P1,340,000, until pre-excise tax stocks last. The available exterior colors are Black, Blue Silk, Night Blue Metallic, Platinum Grey, Pure White, Reflex Silver, Tornado Red, Tungsten Silver while interior colors are Titan Black and Beige.

Volunteer... from page 8

in home-based soap-making business. C PI e mpl oye e s a l s o hosted music therapy for pediatric cancer patients while parents had nutrition lecture and group counseling sessions. Elementary kids from Batangas were taught the importance of road-safety through role-playing with the volunteers. Volunteer Week culminated in a beach cleanup in San Pascual Batangas. Volunteers collected tons of debris and trash to clear the coastline for endangered Olive-Ridley sea turtles nest during the cold months. Chevron’s past programs such as its anti-TB awareness campaign has helped about 300,000 public transport workers learn how to prevent and seek treatment for the disease. Its Caltex Fuel Your

School drive has provided 21st century learning equipment that benefits 1.17 million public high school students in Metro Manila, Davao and Bicol. Chevron also gives millions in donations yearly to the Philippine Red Cross to help victims of natural disasters.

Biyaya... from page 2

The National Disaster Risk Reduction and Management Council (NDRRMC) and Office of the Civil Defense through TFBM distributed boxes of nonfood items (NFIs) containing kitchenware, sleeping gears and hygiene kits. Also, the Department of Health and the NDRRMC dispensed family packs and w ate r ju g s to t he IDPs currently sheltered in Barangay Sagonsongan Transitory Shelters. Similarly, the Department of S o c i a l We l f are an d D e v e l o p m e nt ( D S W D ) distributed family pabaon packs, sleeping and hygiene kits along with the 5000 pesos worth of financial assistance per family-beneficiaries. Aside from that, DSWD runs an ongoing cash-for-work assistance per household to address livelihood concerns of residents living in transitory site. Beneficiaries of this program receive 200 worth of cash per day. For its part, the National Housing Authority (NHA) says the distribution has been smooth sailing so far, except slight delays in the distribution of keys in area 2 as some shelters have incomplete fixtures. The NHA assured the beneficiaries that they instructed the contractor to hasten the installation of fixtures and will be contacted as soon as units are ready. The benef iciaries of the said transitory shelters are pre-selected based on the criteria set by the local government of Marawi City. T F B M e n s u re s t h at t h e h ou s i n g u n it s a re completed with installation of the electrical wirings and metering to secure electricity during the transfer of the residents. (LJLK/PIA ICCC)

Uplift... from page 3

Philippine government, local business chamber and export-related organizations to promote the awareness on GSP+ throughout the country in an effort to maximize the utilization of the trade benefits. Under the EU GSP+ scheme, 6,274 goods from the Philippines enter the EU market at zero duty. This eliminated import duties for 66 percent of tariff lines. “I like the GSP+ because it’s sustaining the livelihood of the poor segment of the society. I see it very much hand in hand with the gover nment’s pro-p o or agenda,” said the envoy. Demand for Philippine coffee Jessen said major European coffee companies a re i nt e re s t e d n ow i n Philippine coffee, which is

included in the list of dutyfree products under the EU GSP+. “ We c a n e n h a n c e cooperation in that sector,” Jessen said. “That’s diversifying your exports. And the partnership with new investors, we can bring in new technologies in the coffee industry,” van Hattum echoed. Increasing trade PSA data showed Friday that Philippine exports to the EU in 2017 rose 32.8 percent to USD9.26 billion from USD6.97 billion the previous year. This made the EU as the second top destination for Philippine exports last year from being the fourth export destination for Philippines goods in 2016. The Philippines enjoyed higher trade surplus with the EU in 2017, reaching USD2.17 billion from USD227.74 million in the previous year. Ad h e r i n g t o 2 7 i n t ’ l conventions For the Philippines to sustain its GSP+ status, the EU ambassador stressed the country should adhere to the 27 international conventions. Jessen said the EU is closely cooperating with the Philippine government to ma ke sure t hat t he international conventions that the country has signed up to are “being implemented and taken for ward in a constructive manner”. He clarified that it is not only the human rights issues that the EU is looking at, but the bloc also assesses the countr y’s adherence on conventions on labor rights, environment, and good governance. “We’re not here to criticize the Philippines,” the envoy stressed. “What we do is we work hand in hand with the Philippine government and also with the sectors in the society where we think they needed the assistance, be it in the form of trade preferences or be in form of development assistance,” Jessen said. “Our view is that less corruption we have in a count r y, t here’s big ger opportunity for economic development. The stronger protection you have for the rights, the better for development,” he added. Je s s e n s a i d t h e E U Parliament will be meeting on Feb. 20 when it is set to discuss the monitoring of key issues in the Philippines. “ We h a v e o n g o i n g dialogue with the (Philippine) government to make sure that we have correct understanding of the situation in the country. Because it’s not only how we see things in the surface but how the reality is, so we need to have a dialogue with the government to make sure we get the whole picture,” the envoy said. (PNA)

Vista...

from page 3 leasable spaces are now contributing significantly to our current financial results in addition to the sustained double-digit growth in our

residential business,” he said. Vista Land has earmarked PHP50 billion for consolidated capital expenditures for 2018, a significant portion of which is allotted to the construction of malls to hit 1.4 million gross floor area (GFA) by end of this year. The company has an established presence in about 133 cities and municipalities across 46 provinces and intends to focus on the development o f “ C o m m u n i c i t i e s ”, or integrated urban developments combining lifestyle retail, prime office space, university town, healthcare, themed residential developments, and leisure components. (PNA)

Hurst... from page 4

to take full charge so He can start changing your life. Then with His power and help you can start living His way every day. Jesus will even take all the bad things from your past and start mixing them together so that in the end they can actually benefit you. Then instead of being guilty and ruined by those things anymore, you’ll thank God for forgiving you and using those lessons to change you into a much better, happier person. Just Think a Minute …

Preaching... from page 4

being ever sensitive to the sensitivities of the people. And while we priests may propose, suggest or even recommend a particular way of doing things, we should not give the impression that it is the only way when many other legitimate ways can also be resorted to. We should always respect the freedom of the people, always treating them the way they are but also keeping in mind the way they ought to be. This can only take place when we exert the effort to imitate Christ who is the very personification of the proper blend between the exclusivity of truth and the inclusivity of charity. We priests should not just remain in the level of saying “do this or do that.” We have to give people many ideas of how to “do this or do that.” And more than giving ideas, we should be the first to give living testimony of what we preach, to such an extent that people can say we practice what we preach. roycimagala@gmail.com

Hike... from page 5

monetary policy,” said BMI Research. It also noted that the local currency, which is now trading at 51-level against a greenback, continues to underperform against the United States (US) dollar “and is looking to retest near-term support.” “Given that bond yields in the US are rising aggressively and the Fed is likely to further tighten its monetary policy (we forecast three 25bps hike in 2018), this will likely exert further downside pressure on the PHP (Philippine peso) against the dollar,” it added. (PNA)

11

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

Monday|february 12, 2018

Bunye... from page 4

to change our constitution and without having to switch to a new form of government. My proposal is simple: Just change, by ordinary legislation, the sharing of income between the national government and local governments. Believe me. You will arrive at the same desired results. I explained to Narding that right now, revenues (net of some deductions) are split 60:40 between the national government and local governments. With the complicated and, I would even say, inequitable sharing, not much is left for LGUs. “Hindi hating kapatid ang nangyayari,” I explained to Narding. My solution: Give the LGUs greater fiscal autonomy. Revise revenue sharing to 50:50, or better still, make it 40:60 in favor of local governments. And let us use gross collection as the basis for sharing. “Eh Sec, kung ganyan ho pala ka-simple, bakit gusto pa rin ng ilan na magpalit ng gobyerno?” I replied: “Malay ko. Baka may ibang agenda.” Na r d i n g c a u g h t o n immediately: “Hindi ho kaya term extension, Sec?” PFVR – the inimitable golfer It i s a l w ay s a n i c e experience to bump into former President Fidel Valdez Ramos, who remains undisputably the No. 1 Favorite Adopted Son of Muntinlupa City. Among his numerous direct contributions to Mu nt i n lup a’s pro g re ss , PFVR signed into law the City Charter of Muntinlupa. The city is celebrating its 23rd Cityhood Anniversary this March 1. My latest encounter with PFVR was during the 118th anniversary of Manila Bulletin on February 2 at the historic Manila Hotel. An avid golfer, PFVR inevitably asks about one’s game. “Toting, have you ever shot your age in golf or lower?” “Never, Mr. President, “ I told him. “I have done it 11 times!”, he justifiably bragged. As proof, he handed me a golf scorecard of some of his memorable games. At 79, PFVR shot a 78 at the Philippine Navy golf course (2007). At 85, he shot 80 also at the Philippine Navy Golf course. (2013) He equaled his age, 86, when he played at Camp Aguinaldo (2014). At 87, PFVR played another 86. This was also at Camp Aguinaldo (2015) In the last game, he was in a flight which included Gen. Gerry Kagaoan, Ysmael Bergado, Gen. Mitch Templo and Ambassador Acmad Omar. “Wala pang ‘give’ yan. Lahat ‘putt through’. You ask Mitch Templo.” In LPGA PRO-AMs, PFVR has partnered with

such golfing greats as Annika Sorenstam, Lorena Ochoa, Christie Kerr, Paula Creamer, Ai Miyasato, Natalie Gulbis and our very own Jennifer Rosales. None of them has done it. What about golf legend Tiger Woods (who is now 42) ? “It will take Tiger Woods years before he even comes close to my record, ” PFVR said with a wink and his signature thumbs up. Note: You may email us at totingbunye2000@gmail. com. You may also “like” us on Facebook at “Speaking Out”.

Globe... from page 6

The approval of the first quarter cash dividend follows strong full-year revenues posted by t he company in 2017. Maintaining its growth momentum last year, Globe generated revenues totaling P127.9 billion, a 6% growth from a year earlier. T he su st a i ned re venue momentum was driven by the solid growth in data-related products brought about by the increasing popularity of streaming and on-demand video content. Mobile revenues grew 7% year-on-year, at P98.5 billion in 2017 from the P92.3 billion reported a year ago, driven by the continued mobile data revenue growth as more Globe customers embraced the digital lifestyle. Mobile data service revenues reached P43.1 billion in 2017, 23% higher than the P35.0 billion reported a year ago. Globe home broadband business also sustained its growth momentum at P15.6 billion in 2017, increasing revenues by 7% year-on-year, with total subscriber base now reaching 1.3 million or 15% growth from a year ago. The solid growth in revenues was driven by the continued customer expansion in fixed wireless solutions, given the favorable customer response to the latest Globe home broadband plans.

Workers... from page 1

“I want them out of that country in 72 hours, those who want to come home,” he said. “We w i l l c ou nt ou r lives by the hour because apparently every hour there is a suffering and agony, brutality committed against Filipinos,” he added. Duterte said he is willing to take “drastic steps that will help preserve Filipino life and limb” if his requests to foreign governments of giving OFWs protection and justice “within the limits that their laws allow” continue to go unheeded. The President was alarmed by the increasing number of reported deaths of Filipino workers in Kuwait alone, from 82 in 2016 to 103 in 2017. He said a review of the “ incidents of violence, curtailment of freedom and abuse of basic human rights committed against Filipino workers” compelled the government to question what

it has done to protect and give justice to the distressed OFWs. Duterte said he could no longer endure the abuses c om m itte d ag ai nst t he Filipino workers there, as he made an appeal to the Kuwaiti government and to the Arab employers to treat them with dignity, respect their basic human rights, and keep them free from harm. “We send to you a Filipino worker, hale and healthy, determined to work his heart out in order to give a decent and comfortable life in the Philippines. Do not give us back a battered worker or a mutilated corpse,” Duterte said. “The Filipino is no slave to anyone, anywhere and everywhere,” Duterte said, adding that “every unlawful physical injury that is inflicted on an OFW is a injury that I personally bear as the head of this Republic…. an affront against us, as a sovereign nation.” The President lamented the inaction of the Kuwaiti government on the abuses, despite helping the Kuwaiti government then when it resisted the invasion of its neighboring Gulf state, Iraq. “We were there … we… fought to protect your interests. We did not fail you. How come my countrymen are suffering brutality, cruelty and death and you seem to be oblivious about it?” he said. “What are you doing to my countrymen? If I were to do it to your citizens here, would you be happy?” he added. Labor secretary Silvestre Bello III said he earlier recommended to the President that the suspension of processing and issuances of new overseas employment certificates (OECs) would remain until after they could determine the cause of death of seven OFWs from December 2017 until January 2018 and unless the Kuwaiti government signs the memorandum of understanding (MOU) which has been pending for three years. He said it would provide for the additional protec tion for Filipino workers in Kuwait. “Rapid response team” Foreign Affairs undersecretary for Migrant Workers Affairs Sarah Lou Arriola said the government has dispatched a rapid response team to Kuwait to help expedite the process of repatriation of OFWs. She added that 2,229 OFWs had earlier signified interest to return home. However, only 1,754 individuals have been issued with immigration clearances. Arriola said that even before the President announce d he wants a repatriation within 72 hours of workers who want to come home, 800 are scheduled to return home from February 11 to 13 — 400 on February 11; 150 on February 12; and 250 on February 13. She said the number is expected to go up as they expect more undocumented

workers to avail of the Kuwaiti g o v e r n m e nt’s a m n e s t y program until February 22. “The numbers can go up kasi iba yung President mismo ang sabi (because it’s different when the President himself said) if you want to go home, you go home,” she said. Arriola said most of the distressed Filipino workers are household helpers. Of 262,000 migrants workers in Kuwait, she said 170,000 are household workers.

Senate... from page 1

Friday. Several concerns were raised by city government officials led by Mayor Maria Isabelle Climaco-Salazar, 1st District Rep. Celso Lobregat, and 2nd District Rep. Jose Manuel Dalipe. “We will b e clos ely working with the Technical Working Group (TWG) 24/7 for one week with the BTC (Bangsamoro Transition Commission),” Zubiri said, adding that they are scheduled to meet on Tuesday, February 13. Salazar, Lobregat, and Dalipe announced that they support the peace process and want long-lasting peace to be achieved. Salazar said Zamboanga City supports the passage of the BBL but strongly opposes the inclusion of this city in the Bangsamoro Autonomous Region (BAR) that will be established in place of the current Autonomous Region in Muslim Mindanao (ARMM). “Our stand really is that we support BBL because it will benefit other parts of Mindanao. However, we oppose the inclusion of any of the city’s 98 barangays and municipal waters in the Bangsamoro region,” Salazar said. “Rest assured I will be there till the very end, fighting for Zamboanga City’s interest, standing firm for what is best for Mindanao, defending the Constitution and protecting the Republic. I am for peace, I am not anti-peace but I am not for appeasement at the expense of the Republic,” Lobregat said. Lobregat earlier said that the assurance of the Senate committee on BBL and the BTC is not also enough to justify that this city is not included in the proposed Bangsamoro territories, not unless those pending unconstitutional provisions contested are resolved in the committee level. “We have discussed BBL working draft in Congress through its four bills being consolidated, and we know what we are doing. We have discussed it provision by provision, and I expect the Senate also to have its own working bill to consider,” he said. Dalipe has urged the Senate to pass a law that is acceptable to everybody. Zubiri was accompanied by members of the BTC and Senators Jose Victor Ejercito, Aquilino Pimentel III, Cynthia Villar, Sherwin Gatchalian, Riza Hontiveros, and Edgardo Angara Jr. (PNA)

Treat... from page 1

and Taganito Mining Corp. (TMC). Now on its seventh annual event, the medical outreach were participated by at least 57 volunteer specialist physicians, surgeons, anesthesiologists and nurses all the wayfrom the US to diagnose and provide lifesaving surgeries to selected p o or p at i e nt s n e e d i ng immediate medical treatment. Marites Nasayao Tero, community organizer of THPAL’s community relations department, said both their company and TMC shared all the financial expenses of the three-day medical mission including air fares from the US of the volunteer doctors , hotel accomodations, medical supplies , meals and transport of patients being fetched from their homes. Among the illnesses being attended by the doctors this year were hernia, thyroid, mass tumors, cleft lips, TVH repair, hemorrhoid, MRM, mastectomy, lipoma and many other cases. There are other serious cases that need equal medical attention but all eyes were fo cused on Troy’s case because of his traumatic ordeal when his entire body was gobbled by a flaming mosquito net in the tragic fire that razed several shanty homes of informal settlers in Pasig City. As if the miseries were no enough for the helpless young Troy, Her mother abandoned their family after the incident while his father was shot dead by unknown motorcycle riding in tandem gunmen a month later after he was discharged from the hospital even as he still needs further medical treatment. Troy’s aunt Melissa took care of him after he was orphaned and decided to bring him home to their hometown here with still in a precarious physical condition notably skin tissues as a results of burns deformed his feet and hands. Doctors treating Troy has assured Melissa that he can now walk normally after his feet was surgically straightened while his hands will be treated next year when they come back for another medical mission. Other patients which were also given special attention were a father and son who were suffering from cleft lips, a 54-year-old Mamanwa farmer suffering for 20 years from superficial parotidectomy or protruding of glands to facial nerves and mothers having severe cervical myomas but deprived of medical care because of costly surgical treatment.

Unsanitary... from page 1

Goking and Suzette Daba – inspected two tattoo shops in downtown Cagayan de Oro and discovered that they did not have proper disposal of wastes especially the used needles. Used needles are a cause of concern because they could

accidentally draw blood from the tattoo customer and transferred to the next person. One of the platforms of the infection of the deadly HIV is through blood transfusion. In particular, Gaane found out that the used needles were merely thrown in bins along with other household trash. “ This should not be t he c as e,” t he me d i c a l practitioner-turnedpolitician said. “These are hazardous and cannot be kept in standard trash bins. Since they do not have the tools to destroy the needles, they just collect and keep them in empty mineral bottles.” “This is also true for the used globes, paper towels, ink caps and leftover ointments. These are all considered infectious waste that must be separated from other garbage,” she pointed out. Gaane also decried the fact that inkers in Cagayan de Oro do not prepare a waiver for their customers to sign but merely gave oral briefings to them before the procedure takes place. With that, Gaane is authoring an ordinance outlining regulations for the tattoo industry in Cagayan de Oro. The ordinance is now at the committee on health level.

Toyota... from page 1

TFS Philippines C or p or at i on pre s i d e nt Atsushi Murakami himself graced the occasion and personally handed out the recognitions. The top group sales managers were Melo dy Ladlad (Toyota Cagayan de Oro), Wella Jane Esparagoza ( To y o t a B u t u a n ) a n d John Diehl Sayre (Toyota Zamboanga). Awarded top marketing professionals were Janice de Guzman (Toyota Cagayan de Oro), Jeaneth Cupas ( To y o t a B u t u a n ) a n d Melanie Andallon (Toyota Zamboanga). Toyota Financial Services serves Toyota customers nationwide through financing and leasing services. But so far nationwide, Toyota Cagayan de Oro along with Toyota Zamboanga and Toyota Butuan are the most prolific of its provincial dealerships. To win customers for life, Toyota Financial Services is committed to continuous improvement of its financial ser vices through kaizen activities supported by global best practices and teamwork.

CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

12

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

Monday|february 12, 2018

The Twentieth- Century Architecture A Global Heritage listed into National Protection Policy “As an architect, it is my legacy to help preserve and value architectural heritage especially in the Philippines,” said Arch. Romolo V. Nati, CEO Italpinas Development Corporation. Arch. Nati emphasized that certain old structures are imperative for a few reasons. Initially, these structures give a knowledge into the historical backdrop of our nation, demonstrating to us how individuals numerous hundreds of years prior experienced their lives. Without them, we could just learn by books, and it would without a doubt be pitiful if this were the best way to see them. A large number of these structures are likewise extremely delightful. The book Time Frames offers a legitimate reference on the best in class, giving the primary exhaustive review of the preservation standards and current assurance arrangements of present-day legacy in more than 100 nation. The principal center is around contemporary as opposed to verifiable legacy, in spite of the fact that perusers’ association in more extensive issues will develop consistently as they

take after the unconstrained movement from the single landmark crosswise over to more extensive urban and financial settings. Safeguarding of legacy structures is a key part of urban renewal endeavors. There is a great assortment of approaches to take a gander at the numerous ways that the preservation of legacy structures encourages all of us. Historical heritage is regularly established by notable structures. These effective, unmistakable associations with our past are the manners by which individuals today come in contact with the past. Legacy structures are additionally progressively acknowledged as imperative settings connecting another age with a more seasoned one, and along these lines as spots to be utilized for training and citizenship. “It is critical to secure and safeguard old structures as we can find out about our history as would others be able to form different nations. Such information can likewise help us to see how to modernize our nations in an ideal way,” he added Arch. Romolo V. Nati is one of the contributors of Time Frames: Conservation

Policies for Twentieth Century Architectural Heritage sharing the importance of heritage conservation specifically in the Philippines. And co-founder of Italpinas Development Corporation a green building developer in the Philippines. Italpinas Development Corporation is a designdriven developer in the Philippines offering a sustainable and harmonious relationship to the environment offering eco-friendly estate products with the Italian touch. Established in 2009 by Arch. Romolo V. Nati and Atty. Jose D. Leviste III. The company is focused on exclusive expectations of corporate administration in releasing its commitments to guarantee an efficient and reasonable market, to act in light of a legitimate concern for the general population, and to improve investor esteem. The Organization’s top managerial staff and Administration unequivocally underpin the standards of corporate administration and is focused on keeping up the most astounding guidelines and best practices inside and outside of the Organization.