BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 112
Market Indicators
As of 5:45 pm February 14, 2017 (tuesday)
FOREX
PHISIX
US$1 = P49.925
7,294.67
0.8
X X Briefly
cents
59.46 points
Fuel price freeze IN the light of the magnitude 6.7 earthquake that hit Surigao province on Friday, Energy Secretary Alfonso Cusi joined President Rodrigo Duterte and other cabinet members in extending the necessary assistance to all affected communities and individuals. “We are looking into the extent of the damages caused by the earthquake. We are addressing the immediate needs and concerns of our people on energy,” said Secretary Cusi, who stressed, “safety is the top priority.” “We have to ensure an adequate, reliable and secure supply of energy and to execute fair pricing of petroleum products, such as gasoline, diesel, kerosene and liquefied petroleum gas (LPG),” added Cusi.
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Gov’t rolls out P36-B electrification plans www.businessweekmindanao.com
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By MYRNA M. VELASCO, Contributor
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TAT E - r u n a g e n c y National Electrification Administration (NEA) has firmed up the rollout of P35.57 billion energization venture for this year that shall cover 23,713 sitios, mostly in far-flung jurisdictions. NEA said it will be spending P1.5 million per sitio for the electrification program that they had set out for government this 2017. Last year, the agency reported the completion of electrification in 3,335 sitios in various parts of the country. That electrification loop entailed P2.7 billion worth of capital outlay. Anchoring it on the Duterte administration’s thrust to step up the country’s economic ascend, NEA Administrator Edgardo R. Masongsong noted that they will complement that by providing the basic plans/PAGE 11
CHILDREN’S PLAY. Children enjoy the fair weather of the day as they play not knowing the strong quake that rocked their community and destroyed many homes on the eve of February 10, 2017 in the village of Hondrade, San Francisco, Surigao del Norte. Photo by Jun Ayensa
Quake survivors recall scary ordeal
One Billion Rising THE Department of Social Welfare and Development (DSWD) on Tuesday joined the One Billion Rising (OBR) global activity in Liwasang Bonifacio, and called for the resumption of peace talks between the government and the National Democratic Front of the Philippines (NDFP). Social Welfare Secretary Judy Taguiwalo said they joined the tradition as a show of solidarity for the global call to end any form of violence against women. One Billion Rising began in 2012 as a call to action based on the staggering statistics that one in three women in the world -- adding up to more than one billion women and girls -- will be beaten or raped during her lifetime. Every year, the movement enjoins people across the world to express their outrage and to strike, dance, and rise in defiance of the injustices that women are subjected to.
IN-DEPTH
By CHRIS V. PANGANIBAN, Contributing Editor
RELATIVE CALMNESS. A local resident gathers seashells during the morning lowtide near the seawall of the coastal village of San Juan in Surigao City on February 9, a day before the magnitude 6.7 earthquake struck the city. Photo by Jun Ayensa
SURIGAO City -- Fouryear-old JM Monato Ariar died of internal hemorrhage after a concrete wall on their bedroom fell and hit his head on that fateful night when the powerful 6.7 magnitude earthquake struck the city on Friday. “I tried to grab him but I was thrown away and we were groping in the dark,”
said the mother Jane,38, who lives with his four children in a semi concrete old rickety small shelter in the interior sub village of Aton, 15-kilometers away from the city proper where five other small shelters were in total shambles. JM expired while he was treated at the Caraga Regional Hospital because
of the serious head injury when the 3-meter wall made of hollow blocks and weak steel bars collapsed on them while everybody in the house was already fast asleep. The young boy was among the eight people killed by the tremor, according to a report by the Provincial Disaster Risk Reduction Management Council of Surigao del Norte. Some 209 others were injured recall/PAGE 11
SUPPLY and prices of goods in earthquake-hit Surigao del Norte remain “normal”, Department of Trade and Industry (DTI) Sec. Ramon Lopez assured yesterday. “Basically, normal supply conditions here in Surigao. Prices are stable since flow of goods is not affected and passing through ports and by land from Butuan, Cagayan de Oro, and Davao,” said Lopez who is in Surigao del Norte
to conduct an assessment of the situation there. Supply of goods in the province remains stable because most of supermarkets were not damaged by the e ar t hqu a ke l ast Fr id ay evening, he said. “Most supermarkets and stores like Parkway Mall, Absolute Essential Traders, TT and Company were not affected. Only Gaisanao Mall stable/PAGE 11
Federalism prevents diaspora Supply, prices of goods of rural people to urban centers in Surigao remain stable By ANTONIO L. COLINA IV, MindaNews
(First of a Series) DAVAO City – A shift to federalism may prevent the diaspora of people from the rural areas into the urban centers like Metro Davao, an official of Davao City Planning and Development Office (CPDO) said. C P D O h e a d Iv a n C o r t e z t o l d MindaNews on Monday that the federal form of government will promote economic diaspora/PAGE 11
Noraisa Casan, 29, attends to her sari-sari store that transforms into the family’s home by night. MindaNews photo by Antonio L. Colina IV
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Economy P555-M irrigation projects XU seeks to contribute for Davao Norte in 2017 in inclusive growth X
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By JASPER MARIE OBLINA-RUCAT, Contributor
AVIER University – Ateneo de Cagayan College of Ag ri c u lture hel d a consultation on 10 February 2017 with government agencies, non-government organizations and private establishments to discuss Agriculture trends that would help them in crafting new programs, address job mismatch and ultimately contribute to inclusive growth in the country. According to Mar i a Rosario Mosqueda, dean of College of Agriculture, this will help them in developing the new curriculum for its undergraduate programs
beginning school year 20182019. On recruitment, April Sac a l, human res ource officer of San Miguel Foods, Inc. in Mindanao said that the challenge is on skills mismatch. There is a big gap between the skills of the graduate vs skills required, or competencies required. Their positions include Animal P ro du c t i o n Sp e c i a l i s t , Animal Health Specialist and Agri development such as area coordinators. She said that aside from hiring agriculture graduates, they also send them to San Miguel Purefoods University for six months for further
study. Second issue she shared was employee retention. Reality she said was that e x ist i ng h i g h ly sk i l l e d employees migrate to other countries such as Canada, Australia and New Zealand for greener pasture. Me anw hi le, R ob er to “Bobby” Ansaldo of the Cagayan de Oro Oro Chamber of Commerce said that problem of Agriculture right now is conflicting land claims. Indigenous People in Bukidnon lease their lands to big companies to get employment. Ansaldo said to consider de velopment t rends in Ag r i c u ltu re i nste a d of employment trends.
Reality is that young people are going abroad in order to make employment. Agriculture can give them that income but they are afraid to partner with business, he said. The solution is Inclusive growth through inclusive business. An example of this is contract growing with Del Monte Inc. It started 25 or 30 years ago where Del Monte would provide seed and technology to farmers and that these farmers would grow in their own farms. Now, 75% of papaya requirements of Del Monte come from contribute/PAGE 10
TAGUM City -- Around P555-million of irrigation projects will be implemented by the National Irrigation Administration in Davao del Norte for 2017. Larry Franada, Operations and Maintenance Chief of NIA-Davao del Nor te, bared that with the help of the two r e p r e s e nt at i v e s o f t h e province in the Congress, Speaker Pantaleon Alvarez and Cong. Antonio Floirendo Jr., their budget grew from around P200-million to P555-million. Franada said that the fund is allocated in the construction, rehabilitation and repair of irrigation facilities in the five existing irrigation systems in the province.
He identified the system as Saug River, Libuganon L ef t, L ibuganon Rig ht, Kipaliku and Lasang River irrigation systems. Franada also disclosed that around P13-million worth of irrigation facilities were damaged during the recent flood in the province. He also noted that not only natural disaster are destroying the irrigation f a c i l i t i e s b ut a l s o t h e malpractices of the farmers. Franada stressed that time and again during the farmers irrigation association, he reminded them not to let their animals linger or rest in the irrigation facilities. He also urged the farmers to take care of the facilities as it is constructed for them. (PIA11, Michael Uy)
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Opinion
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Upward Trek?
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The Royal Entrance Think a minute…A few years ago the Queen of England made a short visit to the United States. She took 4,000 pounds of luggage. The queen had 2 outfits of clothes for each occasion. She took with her 40 pints of blood in case she needed emergency surgery. She brought her own hairdresser, 2 drivers, and many other servants. The queen’s brief visit to America cost 20 million U.S. dollars! Compare that royal entrance to God’s visit to earth. Jesus Christ entered the world in a small animal shed. The newborn King of the world slept in a feed trough for animals. Although the world’s calendar is based on this King’s birth, there were probably more animals to welcome Jesus than people. Jesus’ mother, Mary, was just a 14-15 year old teenage girl who was not married when she became pregnant with Jesus. It was an embarrassing scandal. In fact, if this happened to a teenage girl like Mary today, there is a strong chance Jesus would have been aborted. And Jesus’ hometown was a poor, low-class area. Yet God chose to come like this to show us that even with all the unfair, bad things in life that happen to us, with Jesus in charge of our life everyday, you and I can still have successful, happy
THINK
A Minute
Jhan Tiafau Hurst lives. So if you think that you got a bad, unfair start in life, Jesus knows exactly how you feel. He was hurt and treated unfairly all his life. He was even finally killed and executed as the worst of criminals for something he never did. Yet even death could not stop Him and keep Him down. After being dead and buried for 3 days, Jesus came back to life and proved that He is God the Son Who’s the Lord of life and death. This Christmas, Jesus Christ wants you to receive His supernatural peace and power, so you can succeed and handle whatever bad, unfair things happen to you. So why not ask Jesus to forgive you for living your own way, and decide to start living His way for the rest of your life? Just Think a Minute…
Secretary Ernesto Pernia, socioeconomic chairman of NEDA, gave enlightening insights about the status o f t h e c o u nt r y i n h i s keynote address during the International Conference on Regional Development and Local Governance recently held in Tagbilaran City (Bohol). Though one of Asia’s highest growing economy with a 6.8 percent growth rate, the countr y meets a perennial challenge— unequal economic development. It has the highest inequality index in Asia with two thirds of the GDP coming from Metro Manila and CALABARZON. The country capitalizes on the drivers of economic growth. Good news: there has been an increase in investment spending, which comprise the bulk of expenditures. The c o u nt r y, n e v e r t h e l e s s , needs to improve household consumption, government spending and export services. On the supply side (now I’m using the economist’s language), the expected influx of tourists, extension of retail trade and the continuous growth of the IT-
BPM sector can leverage the economy. The resurgence of agriculture and fishery, and boost in the construction industry also play their roles. Our economy, however, faces risks and uncertainties, both domestic and external. Among the outside factors: fragile growth in Japan and the European Union, slowdow n in emerg ing economies such as China, uncer t ain p olic y shifts in the US, asynchronous monetary policies in the world’s major economies, greater volatility in capital flows, and geopolitical risks. On the domestic side, the new normal is weather disruptions—we do not know when to halt an important business transaction because of a typhoon. There are delays in government infrastructure and reconstruction projects. More ov e r, t h e c l o s u re of our mines can cause unemployment. Amid risks and uncertainties, we still have high hopes because of the opportunities. We have a robust ma c ro e c onom i c fundamental. The labor groups are in good terms with the current administration. The president is strongwilled and enjoys a high trust
rating. We have bilateral partners who express funding support. Based on several focused group discussions, secretary Pernia came up with the country’s vision: by 2040, the Philippines shall be prosperous, predominantly middle-class society where no one is poor. Our people will enjoy long and healthy lives, are smart and innovative, and will live in a high-trust society. When asked by a p ar t i c ip ant ab out how d e v e l o p m e nt c a n t a k e place in Bohol, secretary Per nia emphasize d t he game-changer—the new international airport in Panglao island, new hospital in Cortes, and the coming bridge between the province and Leyte. He lamented, however, the closed economy of Tagbilaran City whose leaders turn away investors from other provinces—such as SM City among others. Ever since, the city usually does not approve their business permits. He cited that he is transparent about this issue and told mayor Baba Yap that Tagbilaran should be open in a global economy. How tragic, indeed, for this city to be victims of
lucell larawan forced underdevelopment—a form of oppression-- because businessmen seem to hold the scepter for unknown reasons which is really an open secret. I have not accessed the papers presented during the conference held at Holy Name University but am confident that from now on, a province like Bohol will never be the same. Having started an international conference for the first time, there will be more of such conference in the country. I am thankful for the partnership forged between the Social Sciences Research Society based in Turkey and Holy Name University that makes this international conference a trailblazer for the milieu.
Love and patience in cooking among Aetas LIFE’S INSPIRATIONS: “… And now these three remain: faith, hope and love. But the greatest of these is love…” (1 Corinthians 13:13, the Holy Bible). -ooo A E TA S S U R P R I S E R O TA R I A N S W I T H CHICKEN MEAL COOKED I N BA M B O O P O L E S : Rotarians routinely do their duty to “lead the way” in giving “service above self ” as they “reach within to embrace humanity” internationally, never expecting any gift or favor in return from the people who have been beneficiaries of their charity work ever since Rotary was established in 1905. On February 11, 2017, however, the members of the Rotary Club of Intramuros Manila got overwhelmed
by the manner by which Aetas, or native Filipinos from C entral Luzon, especially from Sitio Babo, Clark, Pampanga, expressed their appreciation for the brand new eight toilets that the Rotarians from Manila donated and formally turnedover to them. As the turn-over of the toilets worth about P350,000.00 came to a close, the Aetas surprised the Rotarians with a hearty and traditional native meal--chicken “binulo” (or chicken “tinola” cooked inside tightlysealed young bamboo poles), native rice wrapped and cooked in banana leaves, and sweet potato or camote also cooked inside young bamboo poles. It was a feast, and a true gastronomic delight to palates of Rotarians so used
to city cooking. -ooo LOVE AND PATIENCE IN COOKING AMONG AETAS: Ms. Mercy Tecson, the resident teacher at Sitio Babo who handles the daycare school of the place, led young Aeta girls and boys in preparing the meal. I learned that cooking food the “binulo” way requires a lot of patience, expertise, and love, what with the manner by which chicken parts and species to season them are slowly inserted into the bamboo poles. The poles are then sealed, after which they are placed on top of burning coals. Once the poles are exposed to the coals, they are required to be carefully watched over, to avoid their being overly burned in one side, and left
K akampi
Mo A ng Batas
Atty. Batas Mauricio uncooked in its other sides. To attain the desired taste, the poles must be thoroughly roasted in every side. After the food is already cooked, taking them out from the poles requires the same extra-caring method. The juice that is formed inside the poles is poured into a batas/PAGE 10
To judge or not to judge? We have to understand the words of Christ well when he said; “Judge not that you may not be judged. (Mt 7,1) It does not mean that we should not judge at all. In fact, in the succeeding verse of the gospel passage, he said: “For with what judgment you judge, you shall be judged. And with what measure you mete, it shall be measured to you again.” What is clear is that whatever judgment we make, it should be done properly, that is to say, to judge the way Christ himself would judge persons and things. We should avoid rash judgments. Christ, who is the pattern of our humanity and the
restorer of our damaged hu m a n i t y, w a s a l w ay s judging. He could even read minds of the people. That is why he many times was moved to compassion and mercy when he saw people in some state of misery, and at other times, to anger also when he saw people bristling with self-righteousness. In fact, in the gospel of St. John, we hear Christ saying: “Judge not according to the appearance, but judge just judgment.” (7,24) It’s clear that we have to be most careful in our judgments. Judging by appearances alone cannot capture the essential issues involved in a particular case. It will
unavoidably get entangled wit h t he non-ess ent ia l elements. It will be at the mercy of the wiles of the flesh, the world and the devil himself. We have to judge with Christ in the Holy Spirit. With respect to this point, St. Paul had this to say: “He that is spiritual judges all things, yet he himself is judged of no man.” (1 Cor 2,15) Such judgment will always be fair. It goes beyond the peripherals and appearances of things, and enters into the crux of the issue. Such judgment will always be done in the truth and charity, in justice and mercy, in fortitude and patience.
HINTS
and
Traces
Fr. Roy Cimagala Such judgment will go beyond but not necessarily against the merely human and worldly standards and criteria. It goes much further than our legal and judicial cimagala/PAGE 10
5 Globe to tap bond market to meet capex requirements ePLDT launches first ever data center in Mindanao P Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
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GLOBE Telecom is looking to tap the bond market in the latter part of the year to finance part of its capital requirements for the year. From US$772 million last year, Globe has earmarked $750 million this year to upgrade its network. On top of bilateral bank loans, Globe said it may apply to the Securities and Exchange Commission to access the debt market by the second half. “We will continue to tap the banks for bilateral loans and we also have gotten approval from the board to
CorporateWorld
file for a shelf registration for Philippine retail bonds,” said Rizza Maniego-Eala. Globe’s lowering of capex this year came as the company posted record earnings last year. Full-year net income last year came at P16 billion, up 6% on the back of growth in the company’s data-related products “We are in the process of checking with the SEC if we can file for registration w it h out an i m m e d i at e issuance. So, that’s the first step,” Eala said. Globe Telecom President capex/PAGE 10
LDT Group’s digital enterprise solutions arm ePLDT has launched its first operating data center faci lity in Mindanao. The company’s latest VITRO Data Center is seen to easily cater to the growing data service requirements of industries in the South as it will add more racks to PLDT Group’s current rack capacity of almost 7,000 from the ePLDT VITRO
Data Center line and IP Converge facilities. “Digital technologies and platforms are changing enterprise operations and how businesses grow and protect their digital assets. We’re particularly optimistic of the thriving industries in Mindanao and we hope to further boost this economic development by providing the region the solid foundation for their much needed digital
Pimentel endorses EastWest Bank president for BSP top post Senate President Aquilino “Koko” Pimentel III has endorsed banker Antonio Moncupa to be the next governor of the Bangko Sentral ng Pilipinas (BSP). Pimentel, who is also president of the ruling PDP Laban party, said Moncupa is the most qualified among several candidates to head the monetary authority. “It is time for bold and innovative leadership at the BSP. It can no longer be ‘business as usual’ in government, particularly at the central bank which is the overseer of the country’s financial system,” Pimentel said in a statement. “I believe Mr. Moncupa
has all the qualities required to lead the central bank in this period of challenge and change. He is an experienced banker whose knowledge of the financial markets is matched only by his unquestionable integrity and character and passionate nationalism,” Pimentel said. Moncupa, who is currently president of East West Bank, also heads the PDP Laban policy thinktank. He is a former activist and political detainee. The Senate president said the party is set to formally endorse him to President Duterte, who is PDP Laban chairman. “President Duterte has
been unrelenting in his fight against criminality. We believe that the BSP will play a critical role in this fight. We need to crack down on the finances of criminal syndicates and drug cartels, and the best way to do this is to foster a more responsive and vigilant banking industry through a reinvigorated BSP,” Pimentel explained. The December 2016 Nationwide Sur vey on National Administration Performance Ratings of Pulse Asia showed overwhelming support –– 84 percent of 1,200 respondents around the countr y –– for the government’s campaign
against criminality despite criticisms of human rights abuses. At the same time, the S e n at e pre s i d e nt s ai d Moncupa, as a veteran banker, is highly capable and knowledgeable about financial and monetary policies, which would allow him to manage inflation and keep the foreign exchange market stable. “In this period of change, it is important to have someone at the helm of the BSP who can push the economy forward, maintain stability and continuity in terms of monetary policies, and allow business to grow,” Pimentel said.
infrastructure,” said PLDT Chief Revenue Officer and ePLDT President and CEO Eric R. Alberto. “The build out of our data center capacity and our incessant network expansion nationwide prove that the P L D T G r o u p’s s e r i o u s commitment to invest in building the foundation to support a data-driven future for the country,” he added. The newest VITRO Data Center in Mindanao is a Tier 2 facility designed to meet global data center standards re qu i re d by i n du s t r i e s with heavy data-security requirements like banks and financial institutions. It will ser ve hosting, collocation, and business c ont i nu it y s e r v i c e s for enterprises in Mindanao, and can serve as a secondary backup location for businesses with data already housed in other data centers across the country. The data center can now provide the necessary boost to the region’s businesses with ser vices critical to operating and handling ICT requirements. It can improve op erational ef f iciencies t h rou g h prof e s s i on a l l y managed IT services, and enable businesses to grow their operations in a more
cost effective manner through co-location of their server requirements. The PLDT Group now operates eight data centers in the countr y with the re cent addit ion of t his facility in Mindanao. It will soon operate two more facilities located in Clark and the expanded data center in Cebu, bringing the PLDT Group’s data center total count to 10 with an unmatched rack capacity of over 9,000 -- the largest in the country. Aside f rom the data center, PLDT also completed the Davao cable landing station project that links Mindanao to PLDT’s three existing international gateways located in Nasugbu, Batangas; Bauang, La Union, and Daet, Camarines Norte. T h i s f u r t h e r i mprov e s t he ne t work re s i l i e nc y in Mindanao through P L D T ’s i n t e r n a t i o n a l managed network providing h i g h b andw i dt h g l ob a l connectivity with automatic re-routing and switching capability through different international cable routes in the event of cable faults. PLDT has also opened the upgraded Innovations Laboratory housed in PLDT epldt/PAGE 10
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Billboard DOST to lead the crafting of harmonized national R&D agenda
T
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he Department of Science and Te chnolog y shall hold the 2nd National R&D Conference on February 15, 2017 to harmonize the countr y ’s research and development agenda and priorities for 2017-2022. In this conference, DOST will present to stakeholders the final Harmonized National R&D Agenda 2017-2022. The final agenda, to be presented by Dr. Rowena Cristina L. Guevara, undersecretary for research and development, is based on the outputs of the 1st National R&D Conference held October 21, 2016. DOST’s Councils – the Philippine C ouncil for Agriculture, Aquatic and Natural Resources Research and Development; Philippine Council for Health Research and Development; Philippine Council for Industry, Energy and Emerging Technology Research and Development; and the National Research Council of the Philippines – as well as the Philippine Atmospheric, Geophysical and Astronomical Services Administration and Philippine Institute of Volcanology and Seismology will also discuss the call for R&D proposals
for the following sectors: health; industry, energy, and emerging technologies; agriculture, aquatic, and natural resources; basic research; and disaster risk reduction and climate change adaptation. During the 1st National R&D Conference, Secretary Fortunato T. De La Peňa identified 11 areas/strategies included in the R&D agenda, namely: 1 . R & D t o a d d re s s pressing problems on health self sufficiency, food and nutrition, priority agricultural commodities, transport and mobility, national security and human security; 2. R&D for productivity, responsible mining, and S&T for the creative, tourism and service industries; 3 . R & D to t ap and manage resource potentials (responsible mining, energy source, biodiversity and sustainable development); 4. R&D to apply technologies across sectors for our benefits (e.g. artificial i ntel l i ge nc e and sp a c e technology); 5. Climate change and disaster risk reduction (PAGASA Modernization Law, technical advisor y
ser vices, and disaster pre p are d n e ss an d r i s k reduction); 6. Maximize the utilization of R&D results through technology transfer and/or commercialization 7. Assistance to the production sector (e.g. OneExpert, OneStore); 8. Upgrading of facilities and improvement of S&T ser vices (Strengthening of R&D and S&T Services in the regions through infrastructure, facilities, human resource development and R&D funding); 9. Human R es ource Development for science and technology; 10. Capacitate and utilize institutions in the Regions (SUCs who do R&D and develop human resources in S&T); and 11. Collaboration with industr y, academe and international institutions. More than 350 par ticipants of the 1st National R&D Conference represented various agencies such as the departments of agrarian reform, budget and management, environment and natural resources, information and communications technology,
MOSTLY MOZART A Piano Concert by Rudolf Golez
In celebration of the National Arts Month and Liceo University’s 62nd Founding Anniversary, Cagayan de Oro’s very own piano virtuoso Rudolf Golez performs for an evening of piano music at Rodelsa Hall this coming February 20, 2017, 6pm. The show is for the benefit of the Rodolfo N. Pelaez Foundation Scholarship Program. Donations upon entrance are accepted. Aptly dubbed as Mostly Mozart, the special performance will feature Sonatas by Wolfgang Amadeus Mozart such as A minor K330, C minor K457, and C major K 545. Also featured in the concert are works by Mendelssohn, Chopin and
Gershwin. To reserve a seat at Rodelsa Hall, one may call (088) 8584093 up to 95 local 109 or visit the Liceo Office of Cultural Affairs at the 2nd Floor of Rodelsa Hall, Liceo U Main Campus, Kauswagan, Cagayan de Oro City. Golez will also perform the same program for a one night concert Manila Pianos in Paseo de Magallanes, Makati this coming February 26, 2017 at four o’clock in the afternoon. To get to know more about Rudolf Golez and his upcoming performances, you may log on to his web page – www. rudolfgolez.weebly.com.
health, and trade and industry, as well as the National Economic and Development Authority, private and public universities and colleges, national and regional research and development institutions, civil societies and nongovernment organizations. Other participants included international R&D and funding agencies such as the Australian Centre for International Agriculture Research, Food and Agriculture Organization of the United Nations, World Food Programme, World Fish, and US Agency for International Development.
Said participants identified and agreed on the R&D priorities of the Philippines for 2017-2022 which resulted in the draft Harmonized R&D Agenda. Said R&D Agenda is anchored on the Duterte Administration's 10-Point Socioeconomic Agenda and in line with the Philippine Development Plan tagged "AmBisyon Nation 2040." The holding of both National R&D Conferences is consistent with the DOST mandate of providing central direction, leadership, and coordination of scientific and technical activities in
the country. Through the national research agenda, the DOST will unify all R&D projects and initiatives in the country, and ensure that results of these R&D activities will be used to improve the socioeconomic conditions of Filipinos. R.A. No. 10055 (Technology Transfer Act), Ar t icle IX, S e c t ion 19 provides that DOST shall regularly conduct national R&D conferences to gather all agencies of the government with R&D activities. (Framelia V. Anonas, S&T Media Service)
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House OKs estate tax amnesty bil T HE House of Representatives on Monday approved on third and final reading two measures granting amnesty in the payment of estate taxes and simplifying the estate tax rate. During Monday’s plenary session, House Bill 4814 or the proposed “Estate Tax Amnesty L aw” was approved with 216 votes on the affirmative, zero negative and no abstention. Meanwhile, a total of 219 members voted in favor of House Bill 4815, or an act simplifying the estate tax rate amending for the purpose Section 84 of the National Internal Revenue Code (NIRC) of 1997, while none opted against it. There was also zero abstention. Both measures will then be transferred to the Senate for its own deliberations.
HB 4814 seeks to promote the settlement of estates and in turn free-up properties of unsettled estates with the end view of generating financial transactions and stimulating economic activity while increasing tax collection. Deputy Sp eaker and Mar i k ina Rep. Romero S. Q uimb o, one of t he principal authors of the bill, said estate tax amnesty is granted within two years from the issuance of the implementing rules and regulations of this measure at a rate of 6 percent of the decedent’s net estate. Und e r t he me asu re, immunities and privileges are provided to amnesty b enef iciar ies including immunity from the payment of estate tax, and from civil, criminal or administrative penalties.
“The estate tax amnesty instantly resolves the triple de ad lo ck we now have in non-compliance, low tax collection, and idle prop er t ies. Even w hi le dealing with bereavement, the heirs are faced with the obligations of complying with the filing of tax returns and substantial payments within a small window of time,” Quimbo said. “This commonly results in non-compliance, which, accordingly leads to idle prop er ties and low tax collection,” he added. Quimbo noted the complicated scheme of filing estate taxes is also seen as one of the reasons for taxpayers’ non-compliance. “With the estate tax amnesty bill, we hope to instantly resolve the impasse in non-compliance, low tax collection, and idle
properties. This can be done even while we are working on restructuring the current estate tax rates in NIRC,” he said. Quimbo cited that 94 percent did not file the required estate tax return after deducting the registered estate taxpayers from the total deaths in 2013. House committee on ways and means chair and Quirino Rep. Dakila Carlo Cua, author of HB4815, said the measure seeks to create single tax rate of 6 percent on estates based on the value of the net estates. Under the current law, if the net estate is PHP200,000, the heirs are exempted from estate tax. However, if the net estate is PHP10 million and above, the heirs will pay PHP1.2 million plus 20 percent of the excess of over 10 million. (PNA)
SENATE President Aquilino “Koko” Pimentel III has endorsed banker Antonio Moncupa to be the next governor of the Bangko Sentral ng Pilipinas (BSP). Pimentel, who is also president of the ruling PDP Laban party, said Moncupa is the most qualified among several candidates to head the monetary authority. “It is time for bold and innovative leadership at the BSP. It can no longer be ‘business as usual’ in government, particularly at the central bank which is the overseer of the country’s financial system,” Pimentel said in a statement. “I believe Mr. Moncupa has all the qualities required to lead the central bank in this period of challenge and change. He is an experienced banker whose knowledge of the financial markets is matched only by his
unquestionable integrity and character and passionate nationalism,” Pimentel said. Moncupa, who is currently president of East West Bank, also heads the PDP Laban policy think-tank. He is a former activist and political detainee. The Senate president said the party is set to formally endorse him to President Duterte, who is PDP Laban chairman. “President Duterte has been unrelenting in his fight against criminality. We believe that the BSP will play a critical role in this fight. We need to crack down on the finances of criminal syndicates and drug cartels, and the best way to do this is to foster a more responsive and vigilant banking industry through a reinvigorated BSP,” Pimentel explained. The December 2016 Nat i onw i d e Su r ve y on
National Administration Performance Ratings of Pulse Asia showed overwhelming support –– 84 percent of 1,200 respondents around the countr y –– for the government’s campaign against criminality despite criticisms of human rights abuses. At the same time, the S e n at e p r e s i d e nt s a i d Moncupa, as a veteran banker, is highly capable and knowledgeable about financial and monetar y policies, which would allow him to manage inflation and keep the foreign exchange market stable. “In this period of change, it is important to have someone at the helm of the BSP who can push the economy forward, maintain stability and continuity in terms of monetary policies, and allow business to grow,” Pimentel said.
BSP hikes Koko endorses EastWest Bank ‘17, ‘18 president for BSP top post inflation forecast PH I L I PPI N E mone t ar y officials on Thursday hiked the central bank’s inflation forecast for 2017 and 2018 after noting the risks from oil price increases and a weaker peso, among others. In a briefing Thursday, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo pegged the latest 2017 inflation forecast at 3.5 percent while next year’s figure is at 3.1 percent. These are higher than the 3.3 percent and three percent forecasts for 2017 and 2018, resp e c t ively, during the meeting of the policy-making Monetary Board (MB) in December 2016. The Board also considered other factors such as the increase in minimum wage in June 2016. Rate of price increases trek ked back to within the government’s two to four percent target range for 2016-20, starting in September 2016 when it rose to 2.3 percent from the previous month’s 1.8 percent as oil prices continued to climb. BSP officer-in-charge Nestor Espenilla Jr., during the same briefing, said risks to inflation outlook was tilted on the upside due to the possible increase of utility rates as well as the impact of the government’s tax reform program, which fiscal officials hope to be approved by lawmakers in the second half of the year. “Inflation expectations are also aligned with the inflation target over the policy horizon,” he added. In January 2016, inflation rose to 2.7 percent from month-ago’s 2.6 percent.
Inflation up despite lower food prices in January 2017: NEDA INFLATION in Januar y 2017 slightly rose to 2.7 percent from 2.6 percent in the previous month, due to upward price movements in non-food items, according to the National Economic and Development Authority. Higher price adjustments in the heavily-weighted housing, water, electricity, gas and other fuels pushed up overall inflation. These non-food items went up by 1.8 percent in January 2017 from 1.3 percent in December 2016. “ The faster spike in transport and gas and other fuels costs can be traced to the increase in petroleum prices as the oil market rebalances after the recent decision of the Organization of the Petroleum Exporting Countries to
cut oil production by 1.2 million barrels per day,” said Socioeconomic Planning Secretary Ernesto M. Pernia. But despite this slight pickup in inflation, lower food prices were recorded in January 2017. The food subgroup prices decelerated to 3.4 percent from the previous month’s 3.6 percent. This is due to slower price adjustments in fruits, vegetables, meat, corn, sugar, jam, honey, chocolate and confectionery. However, higher price adjustments were recorded for fish, and oils and fats. There was also a slight uptick in the price of rice, which went up 1.8 percent in January 2017 from 1.6 in the previous month. “The damage by typhoons
Karen and Lando may have contributed to the lower supply of rice, which slightly raised rice prices. In some areas like Cagayan Valley and Central Visayas, the planting calendar was delayed, which resulted in lower production in the fourth quarter,” the Cabinet official said. Overall, inflation drivers are higher oil prices, pending petitions for higher electricity rates and transport fares, besides the country’s strong domestic demand. Other price pressures are the shift to a unitary excise rate for cigarettes effective January 2017 as mandated by the Sin Tax Reform Law, and the Malampaya 20-day maintenance shutdown that started last month, which inflation/PAGE 10
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Proposals for the Electric Power Industry in Mindanao:
The Epistemological Connection Between Addressing the Problem of Overcontracting of Power Supplies Overcapacity of Coal-Fired Power Plants An Interdisciplinary and the Alleged Electric on the rules governing the National Grid Power Plants in system operations of the Corporation of the Mindanao”. Curriculum Design and Mindanao grid. Philippines as System But President Dagooc 1. Dispatching of Operator) will be carried and President Laput Authentic Assessment power plants by NGCP out in such a manner make it clear in their Matt Devine Jun T. Valendez Master Teacher – 1 Dominorog Elementary School Talakag II District Division of Bukidnon
Curriculum is an integral p ar t of te a ch i ng and learning. It is the set of interdisciplinary learning experiences that should be learned by the students in the school and somehow affect their lives later on. It has something to do with the educational choices affecting the school life of the learners through a dynamic interaction. According to Heide Ha y e s Ja c o b s t h a t a good curriculum must have carefully conceived design features: a scope and sequence, a cognitive taxonomy to encourage thinking skills, behavioral indicators of attitudinal change, and a solid evaluation scheme, and must use both discipline-fieldbased and interdisciplinary experiences for students. These elements can really help curriculum developers to carefully select content s cop e t hat shou ld b e learned by the students productively. It serves them as the guiding principle not to craft a congested curriculum rather a wellstructured curriculum that covers all the relevant skills and content learning areas necessary for the effective and efficient teachinglearning process. On the other hand, authentic assessment is a crucial ingredient in the educational process. Without it, the recipe of teaching-learning process and t he menu of t he learning outcomes are so blunt because according to R i e neke Z e ss ou l e s and Howard G ardner authentic assessments are performance-based tasks that truly measure learning outcomes and more genuine picture of student learning. The evidence of true learning is through the application of student’s day to day living. More so, students can relate and apply such knowledge in the practical world. Curriculum and assessment should come together and cannot be separated in the educational process because these two things are important elements in the teaching and learning pro cess. Curriculum sets the direction on what and how t he students are
heading for and need to productively learn while aut h e nt i c a s s e s s m e nt monitors and evaluates whether the curriculum b eing implemented is effectively and meaningfully met. It is also a joint process that involves the learners and teachers inside the classroom. Furthermore, classroom authentic assessment is an ongoing process that monitors learner’s progress in relation to learning standards and in the development of 21st century skills; to promote self-reflection and personal a c c ount abi l it y among students about their own learning; and to provide bases for profiling of student performance on the learning competencies and standards of the curriculum (DO no. 8, s. 2015). The implementation of the K to 12 Basic Education Curriculum is one of the best innovative moves of the government to decongest the swarming curriculum. It also provided educators a more comprehensive f rame work as to how to produce functionally literate individuals who are really the demand and needed in the world market arena. Therefore, authentic assessment plays a vital role in achieving the DepEd’s goals. But, what is really classroom authentic assessment? Authentic assessment is a continuous process of identifying, gathering, organizing and interpreting quantitative and qualitative information about what the learners know and can do (DO no. 8, s. 2015). This means that, genuine assessments do not only limit to paper and pencil tests. These are different kinds of assessment which cater the diversity of the learners such as their cultural background and life experiences. It also intends to assist learners perform well to the content standards, performance standards, and learning competencies that are outlined in the curriculum. More so, teachers should utilized classroom assessment methods that are consistent with the curriculum standards and can truly measure authentic learning.
David A. Tauli
The Association of Mindanao Rural Electric Cooperatives, Inc. (AMRECO) and the AMRECO Power Supply Aggregation Group Corporation (AMRECO PSAGCORP) will be holding a workshop on February 17, 2017 in Cagayan de Oro City on the “Drafting of Rules for WESM in Mindanao”. The invitation sent by AMRECO President Sergio Dagooc and AMRECO PSAGCORP President Adelmo Laput states: “The workshop will serve as the Mindanao Electric Cooperatives’ key initiative in support to the present Administration’s quest in establishing affordable and sustainable electric services in Mindanao. The AMRECO is consistent in strongly reiterating its proposal for the establishment of an independent market in Mindanao that should be separate from the WESM administered by PEMC and should only be managed by the stakeholders and market participants in Mindanao.” The workshop is somewhat misnamed in its reference to a WESM in Mindanao, and should be more accurately named as “Drafting of Rules for the Economic Dispatch of
invitation that the long-term objective for electric cooperatives is the establishment of a WESM in Mindanao that is not administered by the Philippine Electricity Market Corporation, but by an organization that would be accountable to the electric power industry players in Mindanao. There is no need to formally change the title of the workshop as long as it is understood that the reference is to the establishment of a WESM that benefits the people of Mindanao. There is no intention to establish in Mindanao a WESM that is administered by the PEMC, which is now doing very badly in its administration of the Philippine WESM in the Luzon-Visayas grid. In holding the workshop, the officers of electric cooperatives in Mindanao are taking the initiative to address the problems in the electric power industry that result from: (a) construction of coal power plants with total capacities in excess of the baseload requirements of consumers in Mindanao over the next several years; and (b) overcontracting of baseload power supplies on the part of many of the electric cooperatives. These problems could be addressed by ensuring that the dispatching of power plants connected to the Mindanao Grid (now being done by
as to result in the least cost of power supply for consumers. The AMRECO workshop is for the purpose of developing the rules that would govern system operations of the Mindanao grid and also govern the behavior of distribution utility companies and large power consumers that are connected directly to the grid. In effect, the electric cooperatives hope to develop rules that would govern all stakeholders in the electric power industry in Mindanao. The proposals that would be formulated in the AMRECO workshop will have to be taken up and agreed upon in another conference to be attended by all stakeholders in the Mindanao EPI – the electric cooperatives, the investor-owned distribution utilities, consumers directly connected to the Mindanao grid, power consumer groups, the NGCP, and representative from the DOE, NEA, ERC, Mindanao Development Authority, and other government agencies dealing with the Mindanao electric power industry. Following are some proposals and issues that can be taken up during the AMRECO workshop and considered by other stakeholders preparatory to the holding of a conference for all stakeholders to agree
should be done with the primary objective of least-cost power supply (based on duly-approved rates for existing power supply agreements) while ensuring the integrity and security of the Mindanao grid. 2. Appropriate penalties should be imposed on distribution utilities and directly-connected consumers who draw power supply from the grid in excess of their contracted power supplies. 3. The NGCP should develop a plan and implement measures that would eliminate possible congestion in the grid where it is economically feasible to do so by uprating of power lines and equipment on the grid. 4. The hydroelectric power plants on the Agus River should be operated in accordance with the Rule Curve for Lake Lanao to ensure that the minimum level of Lake Lanao (699.15 Meters above Sea Level) will not be breached at the projected peak monthly load in the period from April to June of every year. 5. Distribution utility companies should submit petitions to the ERC to pass on to their consumers any of the costs that would result from the implementation of the rules or measures that are agreed upon by the stakeholders. (Engr. David A. Tauli is the president of the Mindanao Coalition of Power Consumers)
VISIT OUR WEB PORTAL Xavier University – Ateneo de Cagayan College of Agriculture on 10 February 2017 held a consultation with government agencies, non-government organizations and private establishments to discuss Agriculture trends that would help them in crafting new programs, address job mismatch and ultimately contribute to inclusive growth in the country. (JMOR/PIA10)
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small farmers, he said. Agriculture graduates must help these small farmers to partner with business. The Filipino is very good in the science of agriculture but very bad in the business of agriculture. He challenged agriculture graduates get into the business, know how to make money and include the poor. Finally, Department of Agriculture (DA) region 10 Assistant Regional Director Engr. Roxana H. Hojas said the department needs graduates who understands the value chain meaning from seed to shelf and see the gaps to be addressed. Further, very basic these days for students to know how to make project proposal. These are important so projects can be funded. On the other hand, DA has also shifted to value adding and infrastructure. Hojas said to strengthen course syllabus in the designing of machineries or infrastructures. DA has funded farm to market roads including agri engineering facilities such as warehouses, among others. (JMOR/PIA10)
soup saucer and distributed to the guests. The chicken and its spices are then brought out of the poles by cutting the poles into two and are served hot. Wow. It was an experience in native cooking Rotarians will never forget during their lifetimes, I am sure! -ooo S A N DA L S , B R E A D, AND FOOD PACK FOR AETAS:The turn-over of the toilets was further spiced up by donations of some 100 rubber sandals coming from RC Intramuros Past President Arnold Saavedra and his wife, Rotarian Mila. The sandals were given to Aeta children who had been roaming freely in Sitio Babo without foot coverings and who were therefore exposed to dirt and microbes from a dirty surrounding daily. Then, Gardenia Bakeries Philippines, Inc. of Binan, Laguna, on the other hand, gave 150 packs of loaves of bread which were also distributed to the Aetas on that day. On top of these, Past President Oca Garcia and
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his wife, Past President Amy Garcia, donated 70 food packs consisting of rice, adobo, and pansit, which were handed out to hungry residents by All Star President Angelina Mauricio, my wife. Many Aetas also received used clothing from Past President Floren Naguit, while others received dental and hygiene kit from Dr. Debbie Tenorio, the Club’s President Nominee. For pictures of the event, please go to www.facebook.com/ rotaryclubintramurosmanila. -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible Exposition and prayer session online, could now be heard 24/7 (24 hours a day), in the Philippines and the world at www.facebook. com/angtangingdaan. Phone: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.
Cimagala... from page 4
systems. It will reflect the proper hierarchy of priorities, based on the eternal law of God. We should not be surprised if such judgment will clash
REPUBLIC OF THE PHILIPPINES Office of Atty. Tranquilino D. Tan-Gan, Jr. Notary Public for Cagayan De Oro City UNION BANK OF THE PHILIPPINES Mortgagee, CASE NO. N-EJF-2017-001 EXTRAJUDICIAL FORECLOSURE -versus- OF REAL ESTATE MORTGAGE UNDER ACT NO. 3135, AS AMENDED VANESSA B. GALAGNARA, single Mortgagor/s, x----------------------------------------------------x NOTICE OF EXTRAJUDICIAL SALE Pursuant to the terms of the Real Estate Mortgage notarized on March 19, 2016, executed by VANESSA B. GALAGNARA, single with residence and postal address at Zone 7, Mahogany St., Brgy. Molugan, El Salvador City, Misamis Oriental, Mortgagor/s, in favor of UNION BANK OF THE PHILIPPINES, Mortgagee, to satisfy the mortgage indebtedness in the total amount of PESOS: ONE MILLION FOUR HUNDRED NINETY FOUR THOUSAND FIVE HUNDRED ONE & 64/100 (PHP 1,494,501.64) Philippine Currency, exclusive of accrued interest as of January 04, 2017; excluding attorney’s fees, expenses of foreclosure sale and other charges, the undersigned Notary Public for Cagayan De Oro City, hereby gives notice to all parties concerned and to the public in general that on March 13, 2017 at 9:00 am in the morning/afternoon or soon thereafter at the main entrance/lobby of the City/Municipal Hall of Cagayan De Oro City, he/she will sell at public auction to the highest bidder and for cash, in Philippine Currency, the property/s covered by Transfer Certificate of Title No. 137-2015003385 issued by Registry of Deeds for Cagayan De Oro City, including the improvements thereon and more particularly described as follows:
All sealed bids must be submitted to the undersigned on the abovestated time and date. In the event the public auction should not take place on the said date, it shall be held on March 20, 2017 at 9:00 am in the morning/afternoon or soon thereafter at the same place without further notice. Pursuant to law, copies of this Notice shall be posted for not less than twenty (20) days in at least three (3) public places in the City/Municipality where the mortgage property/s is located and shall be published once a week for at least three (3) consecutive weeks in a newspaper of general circulation before the date of the foreclosure sale.
Done at Cagayan De Oro City,_____________
(SGD.) ATTY. TRANQUILINO D. TAN-GAN, JR. Notary Public
BWM: Feb. 8, 15 & 22, 2017
with the worldly way of judging. If we try to judge the way Christ judges, we should expect misunderstanding and conflicts. But we should be at peace just the same. Let’s always remember what Christ said: “In the world you shall have tribulation. But be of good cheer. I have overcome the world.” (Jn 16,33) To make such judgment will obviously be a most tricky and delicate task. It requires nothing less than a living union with Christ who actually gives himself abundantly to us. We are actually left with his word and example, with his Church and the sacraments, with the living witnesses of the many holy men and women who reflected Christ’s way of judging through the ages. We have all the resources we need to make proper judgments. We just need to put our mind and heart in learning how to judge properly. We should constantly be with Christ in making judgment and avoid judging simply on our own estimation of things. Learning to judge properly would require utmost EXTRA-JUDICIAL SETTLEMENT OF ESTATE OF DECEASED PERSON Notice is hereby given that intestate estate of the Heirs of the Late JOVENCIO MAGPULONG and CARMEN R. MAGPULONG, who died intestate on April 27, 1959 and March 15, 2004 both in El Salvador City; that the deceased at the time of his death left a real property, described as follows: TCT NO. T-33508 ‘’A parcel of land (Lot No. 10593 of Cadastral Survey of Cagayan), situated El Salvador City, containing an area of Thirty-Seven Thousand One Hundred and Fifteen (37,115) sq. m. more or less; TAX DEC. NO. 02-00992, Lot No. 8376 located at Poblacion, El Salvador City with an area of 425 sq. m.; TAX DEC. NO. 02-00991, Lot No. 8086 located at Poblacion, El Salvador City with an area of 78 sq. m.; That by virtue of Rule 74, Section 1, Rules of Court, we hereby adjudicate unto ourselves the above described as follows; a. TCT No. 33508-adjudicated to Romeo R. Magpulong; b. Lot 8376-A-425 sq. m.-adjudicated to Nora R. Magpulong, 172 sq. m.adjudicated to Thelma M. Tabuco, 33 sq. m. - Road; Lot 8086-A-76 sq. m.-25 sq. m. adjudicated to Thelma R. Tabuco, 53 sq. m. – Road; Pureza M. NisnisanNo Share; Raul R. Magpulong (D)- No Share. Is the subject of EXTRA-JUDICIAL SETTLEMENT OF ESTATE OF DECEASED PERSON; is made and entered into by and among the following Heirs; NORA R. MAGPULONG, of legal age, Filipino, single and resident of El Salvador City; PUREZA M NISNISAN of legal age, Filipino, widow and resident of El Salvador City; THELMA M. TABUCO (deceased) rep. by her husband MARCELINO Q. MAGPULONG, of legal age, Filipino, widower and resident of Cebu City; RAUL R. MAGPULONG (deceased) rep. by his wife NELDA Q. MAGPULONG, of legal age, Filipino, widow and resident of El Salvador City; ROMEO R. MAGPULONG of legal age, Filipino, single and resident of El Salvador City., Under Notary Public of Attorney Buenaventura E. Sagrado; Doc. No. 50; Book No. 117; Page No. 10; Series of 2017. BWM: Feb. 15, 22 & Mar. 1, 2017
local ICT community and educational institutions, thereby spurring te chnopreneurship and b u i l d i n g t h e r e g i o n’s ecosystem of developers. “A s p a r t o f o u r commitment to help the government achieve broadbased, nationwide growth, we are working to strengthen and nurture that digital hub in the southern Philippines to further enable businesses and serve the need for a stronger and more robust digital infrastructure,” said Alberto. (PNA)
humility on our part. It would urge us to practice some kind of healthy restraint and moderation. It certainly would ask us not to be afraid to suffer if judging persons and things with Christ would put us to some disadvantage. But we have honed up our eagerness to study the doctrine of our faith and the very life of Christ Himself. roycimagala@gmail.com.
Capex... from page 5
and CEO Ernest Cu said their spending balance for 2017 would be equitably divided between their wireless and fixed line network. “As we move forward in 2017, we are optimistic that we will maintain our growth trajectory as we continue to strengthen our leadership in the digital space, through the use of innovation and partnerships with global content providers,” Cu said. “We are confident that our aggressive investments in our network will meet the countr y’s future digital demands.”
Inflation... from page 7
may lead to an increase in the generation charge starting March. “Despite upside risks and pressures, the government expects inflation to be stable and remain consistent with the target of 2.0 to 4.0 percent,” said Pernia. “To stabilize and manage food inflation, sustainable financing and access to insurance facilities for agriculture sector are needed. This will ensure availability of loans to farmers to keep their farm output stable, especially in times of climate-related shocks,” he added. Compared with ASEAN neighbors, the Philippines’ inflation in January was lower than Indonesia’s 3.5 percent but higher than Thailand’s 1.6 percent.
ePLDT... from page 5
D avao, w here pro duc ts and digital ser vices are showcased for customers, and enterprise clients can experience and test out new offerings from PLDT. It also serves as a venue for collaboration with the
Republic of the Philippines SUPREME COURT REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE File No. EJF-2017-033 Upon Extra Judicial Petition for Sale under Act 3135 as amended by Act No. 4118. Filed by HOME DEVELOPMENT MUTUAL FUND (Pag-IBIG Fund), a government financial institution duly organized and existing under and by virtue of Republic Act No. 9679, with principal office at The Atrium of Makati, Makati Avenue, Makati City, and with branch office at Pag-IBIG Fund Bldg., J.R. Borja St., Cagayan de Oro City, against MERVIN T. MATONDO, Single, of legal age, Filipino citizen, with postal address at Kalye Apiki, Zone 5, Bugo, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of January 9, 2017 amounts to FOUR HUNDRED FIFTEEN THOUSAND EIGHT HUNDRED TWENTY FOUR PESOS and 39/100 (₱415, 824.39) Philippine Currency, inclusive of interest and penalty charges, exclusive of Attorney’s fees and other necessary fees and expenses of ExtraJudicial Foreclosure and Sale the undersigned Sheriff will SELL at Public Auction on March 17, 2017 at 10:00 o’clock in the morning or soon thereafter at the main entrance of RTC Branch 40, A. Luna St., Capitol Compound, Cagayan de Oro City, to the Highest Bidder, for CASH and in Philippine Currency, the real property mortgaged together with all improvements thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. 136-2013001148 Registered in the name of Mervin T. Matondo Lot Portion of Lot As Surveyed for Land Use Location Boundaries Area
: Lot 26, Blk. 11, Psd-10-59077 : Lot 2, Pcs-10-003972 : Johndorf Ventures Corporation (Pag-IBIG Citi Homes, Phase 2) : Residential : Malanang, Opol, Misamis Oriental : SW., Line 2-3 by Road Lot 9 (8:00 M. Wide) NW., Line 3-4 by Road Lot 24, NE., Line 4-1 by Lot 25 SE., Line 1-2 by Lot 28 all of Blk-11 : ONE HUNDRED TEN (110) SQUARE METERS more or Less.
Prospective buyers/bidders may investigate for themselves the title of the herein described property and encumbrances thereon, if any there be. All sealed bids must be submitted to the undersigned on the above stated time and date. In the event the public auction should not take place on the said date, it shall be on the next working day without further notice. Cagayan de Oro City, February 6, 2017. FOR THE PROVINCIAL SHERIFF: BWM: Feb. 15, 22 & Mar. 1, 2017
(SGD.) ALAN M. BANAAG Sheriff IV
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wednesday|February 15, 2017
Plans... from page 1
need of electricity in every area which is under their jurisdiction. Masongsong noted that the agency joins this administration’s impetus at “ensuring that every single Filipino in the remotest areas enjoys the benefits of electricity.” Linked to the electrification initiative had been the line enhancements being pursued also by NEA, initially for 181 barangays last year that was funneled a budget of P1.031 billion. Masongsong said these domains have been within the service areas of Samar I Electric Cooperative, Inc., E astern Samar Electric C o o p e r at i v e , In c . a n d Northern Samar Electric Cooperative, Inc. in Region 8. So far, 54 barangays have been identified needing those line enhancements. Ad d i t i o n a l l y, t h o s e served by Busuanga Island Electric Cooperative, Inc., Occidental Mindoro Electric Cooperative Inc., Iloilo III Electric Cooperative, Northern Negros Electric Cooperative, Inc., Bohol II Electric Cooperative and Surigao del Sur II Electric C o op e r at ive h a d t h e i r distribution system upgraded too.
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by the quake, considered as the strongest to hit the province after more than 100 years. Many of the homes totally shattered in Aton and in the neighboring village of Lipata were believed to be along the Philippine fault line, according to what engineers of the Department of Public Works and Highways told to homeowners of these villages. Two concrete homes worth millions of pesos owned by a family of a Filipino seaman abroad and retired government workers were not crumbled to the ground but is no longer safe for repair because of damaged concrete foundations that may collapse anytime as strong aftershocks continue to haunt city residents. At least five houses were totally damaged and no longer safe for occupancy in Lipata as earthquake survivors are temporarily sleeping on makeshift tents and to their neighbors during night time. “I clang on to the corner and we struggled hard to get out of the house and my daughter passed out when were already safe outside the house gate,” said Allona Amarillo, a housewife whose husband Danilo, a seaman of a cargo ship abroad invested the P1.3 million two-storey home in his 20 years as Overseas Filipino Worker. Two other concrete and semi-concrete homes were shattered as family members recalled the matter of lifeto-death ordeal when the tremor struck that lasted to about 11 seconds. “We heard loud crumbling sounds when most of the
seven family members were already resting on their beds,” said Jocelyn Caytuna,49, a widow who recalled they crawled their way out but never realized they were creeping on debris of broken cement cracks and glasses of household furniture. Jocelyn’s son Ric-Ric, who acts as the breadwinner of the family after the father died, said DPWH engineers who inspected their semi-concrete 3-bedroom home falls within the fault line from the near seashore. Warlito Castillo, 52, a multi-cab jeepney driver who sustained deep wounds on his head, said seven of his family members were hugging each other when the earthquake started and they were lucky no falling debris hit them until the shaking stopped. But Castillo’s house was also advised to be demolished and he was now at a loss where to generate funds to build even a small nipa hut. A two-storey school building of San Nicolas High School run by the Catholic church, the town gym and the Bureau of Fore Protection building in nearby San Francisco town in Surigao de Norte were also totally damaged. Vice Mayor Val Pinat said the Anao-aon bridge that connects San Francisco and Surigao City collapsed at the height of the tremor that it needs P150 million to rehabilitate it. He however said DPWH Secretary Mark Villar has committed P100 million during President Rodrigo Duterte’s visit in the city on Sunday and they are looking for the remaining P50 million counterpart fund.
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was affected as some walls collapsed,” Lopez said. Moreover, DTI will roll out Diskwento Caravan on Tuesday to offer goods at lower prices. The department is ready to assist damaged livelihood caused by evening through its livelihood fund and the Pondo para sa Pagbabago at Pag-asenso (P3) Program, the DTI chief noted. “We’ ll do Diskwento Caravan starting Tuesday. We will talk also to affected Gaisano Mall to bring out and sell their goods,” Lopez said. “ We a l s o h a v e livelihood fund for affected microbusinesses and also funding like P3 to micro borrowers,” he added. Likewise, the Department of Energy declared a price freeze for liquefied petroleum gas and kerosene products in Surigao City, which would last for 15 day. The move comes after the city declared a state of calamity on Saturday through SP resolution No. 23. The department stressed those that will not comply will suffer criminal and administrative charges. It also urged the public to report “untoward price increases” in the area. (PNA)
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development in areas outside of the urban centers and may prevent the rapid growth of population due to the increasing number of urban migrants in cities. He said that the local government units (LGUs) will
get a bigger budget share that can be allocated for growth and development programs. “We want to spread the economic growth outside of Davao City. This will always provide a good social impact to the city when we spread out the economic advancement to the entire Davao Region,” he said. Cortez, former head of the Davao City Investment Promotions Center (DCIPC) from 2013 to 2016 under then mayor and now President Rodrigo R. Duterte, said that he made it a point to share the city’s best practices in terms of attracting investors that would provide opportunities for people in neighboring areas. He said the non-exclusive and non-reclusive behavior of the city towards urban migrants will eventually put a strain to the development of the city with more social probl e ms ar is i ng f rom overpopulation. “If we w i l l b e ve r y exclusive and reclusive in terms of our expertise, our best practices, time will come that the city will drown in terms of accommodating those who are migrating to the city,” he aid. Based on the June 6, 2016 report of the Philippine Statistics Authority (PSA) 11, the city’s population reached 1.633 million as of August 1, 2015, the highest among the region’s five provinces – Davao del Norte (1.016 million), Davao del Sur (633,000), Davao Occidental
(316,000), Davao Oriental (559,000), Compostela Valley (736,000) – and one chartered city (Davao City). The city also reported the highest annual population growth rate of 2.30 percent between 2010 and 2015, according to the PSA 11 report. Cortez said that more than 50 percent of the city’s population are migrants. Last February 7, Allen Clark, a senior fellow at the East West Center Research Program, told Filipino journalists participating in the US-Philippines Relations
Reporting Tour in Honolulu, Hawaii that most of cities in the Philippines lack an urban development policy that, when coupled with climate change, and explosive population growth, would result in disastrous impact on the economy and poor urban migrants during calamities. If you combine climate change and urbanization process and this increasingly marginalization of large group of people, future disasters are going to be much larger and much more severe than we’ve seen before,” he said.
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF
EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE DECEASED FLORITO SALCEDO
NOTICE OF EXTRA-JUDICIAL SALE EJF FILE NO. 2017-014
Notice is hereby given that intestate estate of the deceased Florito Salcedo who died on May 6, 2010 without leaving any last will and testament in Tablon, Cagayan de Oro City; That the deceased Florito Salcedo at the time of his death is the conjugal co-owner of a parcel of land situated in Tablon, Cagayan de Oro City, and which is more particularly described as follows: TRANSFER CERTIFICATE OF TITLE NO. T-170839, (Lot 19141-B, Psd-10-050259, being a portion of Lot 19141, Cad-369-D, Cagayan Cadastre Extension, situated in the District of Tablon, Cagayan de Oro City, Province of Misamis Oriental, Island of Mindanao. Containing an area of NINE HUNDRED NINETY (990) sq. m., more or less, is the subject of EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE DECEASED FLORITO SALCEDO; is made and executed by and among the HEIRS OF FLORITO SALCEDO, namely; PEURITA T. SALCEDO, of legal age, Filipino, widow and a resident of Tablon, Cagayan de Oro City, and the surviving wife of the dseceased; DENNIS T. SALCEDO, of legal age, Filipino, married and a resident of Tablon, Cagayan de Oro City, and the surviving son of the deceased; NORRIEL T. SALCEDO, of legal age, Filipino, married and a resident of Tablon, Cagayan de Oro City, and the surviving son of the deceased; JOY FRANCES S. BAGOOD, herein represented by GIRLIE S. SALCEDO, of legal age, Filipino, married and a resident of Tablon, Cagayan de Oro City, per Special Power of Attorney dated September 26, 2016, notarized as Doc. No. 516, Page No. 104, Book No. 419, Series of 2016 of the notarial registry of Atty. Macodi Agus; JURY JONE T. SALCEDO, of legal age, Filipino, married and a resident of Tablon, Cagayan de Oro City, and the surviving son of the deceased; That the parties hereto being all of legal age and with full civil capacity to contract, hereby by these presents do agree to adjudicate the above-described real property among themselves in common; Under Notary Public of Atty. MARIO T. JUNI; Doc. No. 205; Page No. 41; Book No. 198; Series of 2016.
BWM: Feb. 8, 15 & 22, 2017
BWM: Feb. 1, 8 & 15, 2017
Upon extra-judicial for sale under Act 3135 as amended by Act 4118 filed by SOCIAL SECURITY SERVICES (SSS) mortgage against NONIA O. AKUT, as mortgagor, to which the indebtedness as of JUNE 30, 2016, amount of SIX HUNDRED FIFTY-THREE THOUSAND SIX HUNDRED FIFTY-EIGHT PESOS AND 83/100 (P653,658.83), inclusive of interest and penalty charges, attorney’s fees and expenses of foreclosure, the undersigned will SELL TO PUBLIC Auction on FEBRUARY 27, 2017 at 10:00 o’clock in the morning at the entrance door Regional Trial Court Branch-23, City Tourism Hall, Cagayan de Oro City, to the highest bidder for cash or manager’s checks and in Philippine Currency, the following described properties, to wit; TRANSFER CERTIFICATE TITLE NO. T-34639 A PARCEL OF LAND (Lot 6, Block 33 of the subdivision plan (LRC) Psd-131075, being a portion of Lot 1-D-2-F-1, Psd-9225, (LRC) Rec. No. 10003). Situated in the District of Bugo, Cagayan de Oro City, Island of Mindanao. Containing an area of Two Hundred Ninety Two (292) sq. meters more or less. All sealed bids must be submitted to the undersigned on the abovedstated date, time and place. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers/bidders may investigate for themselves the title herein above-described and encumbrances thereon, if any there be.
Done this January 21, 2017 in the City of Cagayan de Oro, Philippines. (Sgd.) RICO A. REMALIG Sheriff IV
BusinessWeek MINDANAO
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#LovetoEat this Valentine’s Day at SM Lanang Premier www.businessweekmindanao.com
T
his February, celebrate the season of love at SM Lanang Premier. Set your hearts racing and your tummies full at the metro’s premier shopping and lifestyle destination. Indulge in hearty eats and grab exclusive dining promos at the prime food spots at The Fountain Court. There’s a mix of deliciously Filipino and international food concepts to pick from in the area. FRENCH BAKER Treat your loved ones to a European-style feast at French Baker. Enjoy the restaurant’s special take on Spicy Seafood Pasta and Pork Chop Au Poiuvre. Choose as well from among the restaurant’s assorted desserts such as carrot and blueberry cakes and
Parisian macaroons. For reservations, call 285-7475. BARRIO FIESTA Spread the love this Valentine’s Day at Barrio Fiesta at the 2nd Level of The Fountain Court. Share a sumptuous feast of Filipino cuisine with family and friends. Enjoy the restaurant’s signature Kare-Kare, Chicharong PlaPla and other flavoursome dishes. For reservations, call 285-1584. VIKINGS Make your Valentine’s a date to remember with a trip to Vikings Luxury Buffet at SM Lanang Premier. Take delight in the restaurant’s Blackened Salmon in Broccoli Puree and Strawberry Aged Balsamic Glaze. Savour as well other hearty dishes by Vikings’ world-
Wednesday | February 15, 2017
French Baker’s Spicy Seafood Pasta
class chefs and heartshaped doughnuts on the Doughnut Wall. For reservations, call 845-4647 or 285-5888. BISTRO SELERA For exotic dishes with a superb taste, visit Bistro Selera at the 2nd level of The Fountain Court. This
Chicharong Pla-Pla by Barrio Fiesta
homegrown restaurant’s Kanding Selera and Bacon Bagaybay offer a taste of something uniquely Mindanaoan with a twist. Then grab a glass of refreshing Mojito to cap off the night. For reservations, call 285-2184. CHOOBI CHOOBI If you’re craving for seafood, head to ChoobiChoobi to get a taste of its freshly cooked specialties like Stan’s Fried Black Pepper Shrimp and Baked Scallops. Choobi Choobi also has P1,000 GCs up for grabs this Valentine’s Day. Just take a shrimp photo toast on FB and tag #ChoobiChoobi #SeafoodSarap and #ShrimpHeartToast and the photo with the most
Vikings’ Blackened Salmon in Broccoli Puree
number of likes will win the said prize. For reservations, call 321-1828. MESA Relish authentic Filipino cuisine at Mesa Filipino Moderne. One of its bestselling dishes – the Patatim – is bursting with flavour; you don’t want to miss it. Tofu Salad is also a healthy, delish option you could try at Mesa in SM Lanang Premier. For reservations, call 09177043672. BULGOGI BROTHERS Go for international flavour this V-Day at Bulgogi Brothers. Choose from a wide array of delicious Korean dishes such as Unyangstyle Bulgogi, a heartshaped barbecue, and
Fried Dumplings. For reservations, call 285-2593. KUYA J For Filipino specialties in a homey yet classy setting, head to Kuya J at the 1st Level of The Fountain Court. Satisfy your tastebuds while managing your diet with Lumpiang Presko, a healthy dish filled with sautéed crabmeat and bamboo shoots rolled in malunggay wrapper. Try as well Kuya J’s Crispy Pata. For reservations, call 285-1773. Celebrate the season of hearts at The Fountain Court, SM Lanang Premier. Check out SM Lanang Premier’s official account on Facebook, Twitter and Instagram for promos and event updates.
Bistro Selera’s Mojito
Stan’s Fried Black Pepper Shrimp by Choobi Choobi
Patatim by Mesa Filipino Moderne
Bulgogi Brothers’ Unyang-Style Bulgogi