BusinessWeek Mindanao (February 24, 2016)

BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VI, No. 103

Market Indicators

As of 6:23 pm February 23, 2016 (tuesday)

FOREX

PHISIX

US$1 = P47.623

6,819.34

7

X X Briefly 36.26

cents

points

JobStart Philippines THE Local Government Unit (LGU), of Cagayan de Oro City is ready for Jobstart Philippines.

Department of Labor and Employment, Regional Office No. 10 (DOLE-10), represented by Assistant Regional Director (ARD) Albert E. Gutib, turned over two personal computers, laptop with a printer, and an internet router to Mayor Oscar S. Moreno, witnessed by the Job Placement Bureau Head Rey Tagotongan and DOLE-10 Technical Support and Services Division (TSSD) Chief Atheneus VAsallo at the City Hall.

“These equipment will be used to expedite registration of applicants, job matching, and drafting of reports,” ARD Gutib encouraged. Further, he invited the youth to avail the program and register with the Public Employment Service Office (PESO)-CDO for training/internship with some partner private establishments in the city.

Livelihood assistance THE Department of Social Welfare and Development (DSWD) continues to develop and implement social protection programs to the poor, vulnerable and disadvantaged communities of Bukidnon, Camiguin, Lanao del Norte, Misamis Occidental and Misamis Oriental.

In 2015, through the collaborative efforts of the department, national government agencies, civil society organizations (CSOs) and other partner institutions, 36,000 more Pantawid Pamilyang Pilipino Program (Pantawid Pamilya) beneficiaries received livelihood assistance under the Sustainable Livelihood Program (SLP). From these beneficiaries, about 33,000 were trained and provided with capital assistance to establish their own businesses. Meanwhile another 3,000 trained with technical courses were directly referred to partner agencies for local and international employment.

According to Andrew Serrano, the regional program coach monitor, “the thrust and priorities for 2016 is to strengthen the existing microenterprises through constant mentoring and monitoring; and invest more on human capital through capability building while ensuring their employment as well.”

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Normin gets biggest bulk of infra budget www.businessweekmindanao.com

Wednesday | February 24, 2016

P15.00

RDC-X pushes key infra projects to consolidate regional competitiveness

N

By MARK FRANCISCO, Staff Writer and MIKE BAÑOS, Editor-at-Large

ORTHERN Mindanao is getting the bulk of the Department of Public Works and Highways (DPWH) infrastructure budget this year with P30.14 billion which is expected to further propel the economic growth in the region.

With a total of P18.7 billion worth of projects already completed early this year, Northern Mindanao,

which is considered as the gateway to the island, can reassert its claim as the region’s prime economy.

“DPWH Region 10 Director Evelyn T. Barroso said... they were able to (complete) 94.38% or 717 projects out of the 875 projects for 2015 worth P18.7 billion,” the agency said in a statement yesterday.

Based on DPWH’s data on budget distribution, Nor t he r n Mi nd anao is followed by Central Luzon (Region 3), P25.21 billion; budget/PAGE 7

Infrastructure development is expected to spur economic growth especially in agricultural areas.

DTI-Misamis Oriental focused on improving prov’l competitiveness

By MIKE BAÑOS, Editor-at-Large

THE Department of Trade and Industry Misamis Oriental has given a top priority to the improvement of the province’s competitiveness for 2016.

At the sidelines of the media briefing for 2015 Accomplishments of Region 10 held last December at a hotel in Cagayan de Oro, Ma. Eliza A. Pabillore, DTI Misamis Oriental provincial director, also shared the major accomplishments of the province done through the assistance and intervention of DTI Misamis Oriental Provincial Office.

“A c t u a l l y , the completeness of the data submitted by the cities and

municipalities contributed a lot in the judging for the Most Competitive Province.

Most municipalities and component cities in Misamis Oriental were able to submit the data substantiating its ranking as one of the most competitive provinces in the country,” PD Pabillore noted.

“But of course the major contributory factors are the 3 categories in NCC which is government efficiency, infrastructure and economic dynamism.” “ We a l l k n o w t h a t exports and investments are mostly generated in the province of Misamis improving/PAGE 6

TALAANDIG FOLKLORE. Members of the Talaandig tribe gather around a bonfire below the summit of Mt. Dulang-dulang in Songco, Lantapan, Bukidnon to listen to stories about their tribe from their elders. mindanews photo by h. marcos c. mordeno

CDO vendors offered mobile payment system

By MARK D. FRANCISCO, Staff Writer

ABOUT 8,000 vendors from this city’s two biggest public markets are expected to use a mobile payment system which will be offered as part of a US-backed initiative later this week.

The e-Bayad Tour 2016, also scheduled this month in the cities of Batangas, Valenzuela, Quezon and Iloilo, is part of the E-PESO program backed by the United States Agency for

International Development (USAID).

City Investment and Promotions Officer Eileen E. San Juan said the local government has stepped up promotion of the system, which has been available payment/PAGE 6

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Economy

Nutrition team sets evaluation in NorMin T HE Regional N u t r i t i o n Evaluation Team (RNET) of region 10 set its schedule for Monitoring and Evaluation of Local Level Plan Implementation (MELLPI) and Search for the Regional Outstanding

Barangay Nutrition Scholar (ROBNS) in the reg i on during its f irst quar ter me eting on 11 Februar y 2016.

Department of Health (DOH) Regional Director D r. N i m f a To r r i z o i n her presence during the meeting said that these

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e f f or t s a re p a r t of t h e nutrition millennium development goals of the government in its antihunger and anti-poverty alleviation.

She said that the DOH is in full support to the National Nutrition Council (NNC). She stressed that NNC together with the Technical Working Group from the different national government agencies must work together in a holistic a n d t e a m ap p r o a c h t o attain its goal of better health outcome.

Shiella Rose D. Cuñada, nu t r i t i o n o f f i c e r I I o f t he Nat i ona l Nut r it i on Council (NNC) region 10 explained the processes and tools to be used by the team in Monitoring and Evaluation of Local Level Plan Implementation (MELLPI) and Search for

or i nt e r v i e w of f a m i l y b e n e f i c i a r i e s ; v a l i d at e weighing of children; interview nutrition committe e memb ers or BNS; and oral feedback of the initial results of the evaluation to the nutrition committee.

Cuñada said that this validation visit also aims to advocate for the continued support of the lo cal government units to the nutrition program such as the use of iodized salt or food with sangkap pinoy seal, among others.

In terms of selection of sample areas to be evaluated, the team considered prevalence of under nutrition in identified municipalities.

During the meeting, the team elected Eva Pacturan of the Department of Agriculture (DA) region

the Regional Outstanding Nutrition Scholar (ROBNS) set this year.

One of the guidelines or score sheets for evaluation of provincial/city nutrition programs is program efficiency where the team will rate a province, municipality or barangay based on nutrition program efficiency. This includes planning and implementation such as involvement of agencies, local departments, organizations in the formulation of Nutrition Ac t i on P l an a s we l l a s provincial, city ordinances, re s o lut i on s s upp or t i v e to the Nutrition Action Program passed.

Evaluators will review and analyse pertinent nutrition documents; validate sites where there are nutrition projects and/

1 0 a s c h a i r p e r s on a n d S h e r y l N . Av e o f t h e Department of S ocial Welfare and Development (DSWD) region 10 as vicechairperson.

RNET members are c omp o s e d of G e n e m a r S a l v o o f t h e Na t i o n a l Commission of Indigenous Peoples (NCIP), Glenford Labial of the Department of Labor and Employment (DOLE), Jorie Valcorza of the Philippine Information Age nc y (PIA ), Bl anche Villamor of the Department of Interior and Local Government (DILG), Telesfora G. Madelo of the Department of Health ( D O H ) , E n g r. Ju n e l y n Ruiz of the Department of Science and Technology (DOST), and Nila Cajarte of the National Economic Development Authority (NEDA). (JMOR/PIA10)

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IN UPPER CARMEN NEAR SM, XU

3

Granvia Suites open for easy move-in

J

OHNDORF Ventures Corporation (JVC) has simplified the process for new homeowners at Granvia Suites to move in within just three months after they close their reservations, announced the company.

Moreover, a homeowner gets a rebate worth two months of one’s equity should one would already take out the purchased condominium unit with the release of one’s loan within six months from reservation.

Furthermore, as a

7-Eleven PH operator ramps up store expansion THE PHILIPPINE licensee of the 7-Eleven chain of convenience stores is ramping up store expansion -- putting the company on track to reach 2,000 stores by yearend -- to protect its leadership position amid intense competition in the industry.

Philippine Seven Corp.

(PSC) Head of Finance and Accounting Division Lawrence M. de Leon said in a telephone interview its capital expenditure budget may reach a record P3.5 billion -- higher than the P2.5 billion spent last year -- to open at least 400 new stores nationwide. Last year, the company launched 335 new stores.

A third of the new stores will be in Metro Manila, another third will be in other areas in Luzon and the balance will be distributed in Mindanao, Mr. de Leon said.

“First-mover advantage is a very important factor in the convenience store industry.

Once you secured the best site, competitors will have a difficult time grabbing share from you,” he said.

In 2014, PSC announced it was targeting an annual store expansion pace of 25% that would double its store network to 2,000 over a threeyear period. That growth pace was seen as sufficient to protect its dominant market share amid the entry of new players.

The company ended 2015 with 1,602 stores, which keeps it on track to achieve its three-year goal at the close of the year, Mr. de Leon said.

The recent years saw t h e c o u n t r y ’s b i g g e s t conglomerates partner with foreign firms to capitalize on the rising disposable income of Filipinos as economic growth shifted into high gear.

Lu c i o L . C o - ow n e d Puregold Price Club, Inc. has tapped Japanese convenience store giant Lawson, while the partnership of Ayala Land, Inc. and SSI Group, Inc. has brought in another granvia/PAGE 6

way to celebrate the 2016 Chinese New Year of the Fire Monkey, JVC is making it easy for buyers to close their reservations, according to Michele D. Chiu-Bacungan, JVC sales and marketing manager.

JVC is giving the offer to

hasten the take out of semifurnished studio and one-totwo bedroom units at Granvia Suites, a completed project near SM City and Xavier University at upper Carmen district, 15 kilometers away from the city center.

A 7-storey condominium, Granvia Suites is a lowdensity residential building with 87 units, 15 on five floors, seven on the top floor adjacent to an open-air roof garden, and five commercial spaces on the ground floor.

More than 40 percent of these units have been sold out, mostly to homeowners from elsewhere in Mindanao who found Granvia Suites a halfway home while at work and doing business in Cagayan de Oro City, disclosed Bacungan.

Spacious For the remaining available units that are all ready for occupancy, the new homeowners can move in after paying their respective equity on the third month

when they will also have completed a few required documentations, she said.

T h e y m ove i n w it h their units furnished with a bed, sofa, cabinets at the bedroom closet and kitchen, as well as granite countertop, cooktop and range-hood at the kitchen, she added.

Al l condo units are spacious than usual from some 23-square meters for studio units that range from P1.6 million to P1.8 million, and P3.3 million to P3.6

million for units with one to two bedrooms with sizes from 46 to 50 square meters.

With the equity pegged at 10 percent of the total cash price (TCP), monthly amortization could range from P9,000 to P12,000, w hi le amor t izat ion for the remaining 90 percent could run between P9,000 to P20,000 a month.

JVC grants an outright 10 percent discount to homeowners who will acquire granvia/PAGE 6

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Disobedience: greatest legacy of 1986 EDSA LIFE’S INSPIRATIONS: “…

However, if you do not obey the LORD your God and do not carefully follow all his commands and decrees I am giving you today, all these curses will come on you and overtake you…”

(Deuteronomy 28:15, the Holy Bible).

-ooo DID FILIPINOS ENJOY A BET TER LIFE WITH THE AQUINOS? So, okay, we can agree that it was a brutal and murderous dictatorship that the people saw during the 20-year reign of Ferdinand Edralin Marcos, most of it under martial law. And, alright, we can agree that much of the country’s wealth was plundered and stolen during the years that Marcos was in power.

Now, the question is this: when Cory Aquino and Noynoy Aquino were the ones who assumed power in the Philippines from 1986 to 1992 and from 2010 to 2016, did Filipinos see an end to brutality and murder, as well as plunder and thievery in government?

Did we see any significant improvement in the lives of Filipinos? Did smuggling stop? Did graft and corruption among top government officials cease?

Did criminality vanish?

D i d i l l e g a l d r u g s s t op victimizing many citizens, whether young or old? Did we retain our sovereignty over the South China Sea? Did rebellion, both from the communists or from Muslim secessionists, slow down?

-ooo DISOBEDIENCE: GREATEST LEGACY OF 1 9 8 6 E D S A R E VO LT: Whether we admit it or not, the greatest legacy of the two Aquino presidencies, which were anchored on the so-called 1986 EDSA People Power Revolution, is the institutionalization of disobedience, both to God and to civil aut hor it i e s . E D S A w as in reality a disobedience to God, because of clear pronouncements in the B i b l e a g a i n s t f i g ht i n g leaders and officials.

And it was also a disobedience to civil and other authorities because it allowed even a small segment of the Philippine population to grab power from duly-constituted authorities, all in the name of democracy and liberty which, it would be ver y clear now, meant democracy and liberty only for the rich and the powerful, but never for the poor and the marginalized.

Thirty years after EDSA, the Filipino nation remains i mp ove r ishe d. Bi g and profitable businesses are now in complete control of foreigners or Filipinos with foreign ancestries. Even the government is under the iron-like grip of foreigners, from the presidency down to the lowest official in the barangays nationwide.

-ooo EDSA BROUGHT MORE CURSES TO FILIPINOS: From where I sit, if there would be a need to condemn Marcos and his families and so-called cronies for their supposed excesses, the same degree of condemnation shou l d a ls o b e he ap e d upon the Aquinos and their cohorts, in business and in politics.

It would be the height of hypocrisy if the Marcoses are condemned and the Aquinos are praised, when, it is clear, the Aquinos could be held responsible for more sufferings of the Filipino people. It is just unfortunate that anti-Marcos forces are more loud-mouthed now, apparently in an effort to drain out equally-biting criticisms coming from anti-Aquino groups.

EDSA indeed has brought more curses from God upon our country and our people, as the Bible itself warned:

K akampi

Mo A ng Batas

Atty. Batas Mauricio those who no longer listen to God and who no longer obey His commands will be visited with His curses. God ordained man to subject himself to the authorities, not to fight them, for in doing so, His curses will be rained upon him, and would cause his grave downfall.

-ooo PLEASE WATCH OR LISTEN: “Tambalang Batas at S o m i nt a c”, a n e w s commentary radio program, aired at DZEC 1062 kHz and ot her R adyo Ag i la provincial stations, at http:// www.eaglebroadcasting. net/radyoagila and at www. youtube.com (type DZEC Radyo Agila Tambalang Batas at S omintac 1062 Live), 6 to 7 in the morning, Philippine time. Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

Charity amid political differences and conflicts

Philippine Press Institute Oro Chamber

Soul Sickness Think a minute…Have you at one time been sick, but you knew that doctors and medicine could not help you? What did you do? Who did you go to? The village medicine man or woman for traditional medicine?

Recently I read about a medical doctor who was very sick. But instead of treating himself or going to another medical doctor, even a traditional medicine man, he called a preacher. This doctor told the preacher that he was desperately sick, not in his body, but in his soul and conscience. The doctor said: “All my life I’ve carried this guilt and memories of all the wrong things I’ve done.

My guilt has become like a disease or cancer that’s killing me inside, and I’m not able to find a cure for it!” The doctor asked the preacher to pray for him, and sure enough, the doctor was healed and free from his guilt.

That doctor was right.

You and I can never get free from the guilt of our past wrongs. The cheap sex we had with that person who’s not our wife or husband.

Our lying and stealing in business or at our job. Our getting drunk and beating up our own wife and children.

Aborting our baby. These

Opinion

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THINK

A Minute

Jhan Tiafau Hurst and many other memories of our wrongs continue to hurt and shame us wherever we go, so we cannot escape.

They’re inside our mind and conscience like a disease or cancer.

It’s true: there is no medical doctor or traditional medicine that can cure our guilty conscience. Humans have no cure for it. Only God the Son can make you free and healthy. If you and I will simply admit we are guilty of all our sins and ask Jesus to give us His gift of forgiveness and new life, then our sick soul and conscience can finally be free from all our guilt! For your own health and happiness, why don’t you ask Jesus for His gift of forgiveness and new life today?

Just Think a Minute…

We shou ld ne ver t hin k that charity is the odd man out in the field of politics.

Precisely because politics is fast becoming like a contact game, sportsmanlike charity should be the main character in it.

C har it y and p olit ics are not meant to fight each other. They need each other.

Charity should be the soul of politics. And politics, given our social nature, should be one of the best occasions where charity can be developed and lived fully.

It provides an excellent test to see if charity is authentic.

Charity is what makes us to be real men and women, not hu man c ar ic atu re s stretched and warped by our p etty shenanigans.

It’s what we need to live and have, if we want to keep our humanity, sanity and sanctity intact. It’s w hat le ads us to t r ut h and objectivity, freedom, justice, fairness and mercy, especially in our politics.

And so we just have to learn how to keep our emotions and judgments in control, and to be quick to rectify our instinctive or spontaneous reactions.

Charity needs to spring first from the heart, mind and will that should be vitally linked to God, and then packaged with the best refinement we are capable of. Again, especially in our politics.

We have to disabuse

ourselves from the thought, sadly quite common these days, that in politics some exceptions from charity can be tolerated and even expected. We can feel free to insult, attack, even make up charges, indulge in some below-the-belt gimmicks…

No, that’s not true at all.

The real test to see if we are doing politics truly proper to us is when we manage to live charity even in the midst of the dizzying v ar i e t y of p o ss ibi l it i e s and conflicts politics can occasion. It’s when the heat generated by politics also fans the flames of love for God and for the others.

One time, I felt so gratified when I happened to take dinner in a private setting with, among others, two politicians who were supposed to be at odds with each other, at least in the papers. At that time, they were chummy and exchanging jokes, and they re f r ai n e d f rom t a l k i ng politics in my presence.

What we should do in politics, whether we are p olit ici ans or ordinar y citizens and voters, is first of all to pray and offer sacrifices, to see to it that our spiritual life is strong and healthy before we enter into the intricacies of our unavoidable politics. Never ignore this requirement.

They are what will link our politics to the ver y providence of God.

Then we have to know and study the issues well.

In this regard, we have to be open-minded and w i l l i ng to l i ste n to a l l sides as much as possible.

We should try to make a conscious effort to reject biases and prejudices that we find to have no good basis.

Dialogues are crucial in this area. Thus, they should be conducted in the most charitable way, always re s p e c t f u l of e ve r yon e no matter how much we disagree with them. We should avoid inflammatory rhetoric, rash judgments and tactless statements.

We should just stick to the objective points of our views, letting them swim or sink on their own merits in the ocean of opinions that can be floated by others.

We need to be highly sport here, seeing to it that an atmosphere of civility and good spirit pervades.

That the others do some anomalies is no excuse for us to do the same things.

Remember that charity “is patient, is kind, it does not envy, does not deal perversely, it is not puffed up, is not ambitious…it bears all things, believes all things, hopes all things and endures all things.”

(1Cor 13,4-7) Then we have to know and study the politicians and candidates. This is the most tricky part, but

HINTS

and

Traces

Fr. Roy Cimagala we just have to tr y our best to get a good picture especially of their integrity and competence, the two basic elements to know about them.

Again here, it’s more of establishing the positive a s p e c t s r at h e r t h a n of the negative side of the p e r s on a l it i e s i nvo lve d .

We have to be careful to distinguish the traits that we t hin k c an s er ve t he needs of our political life, from the personal defects that should not be put out in public unless they have some bearing in public life.

Then we have to really understand the essence of freedom which should infuse every step of ou r p ol it i c a l e xe rc is e s .

Freedom and charity go together always, and they give more importance to the persons than to the issu e s . O u r att itu d e to politics should have this basic orientation. roycimagala@gmail.com

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Banking&Finance

Non-life insurance sector seen to sustain expansion THE NON-LIFE insurance sector is seen sustaining its growth momentum this year, the chief of the industry regulator said, with net premium income seen to post double-digit rise for 2016.

Insurance Commissioner Emmanuel F. Dooc said net premium income of the nonlife sector could grow to “P47 billion for 2016,” up from 2015’s P37.3 billion.

“Non-life is expected to again post double-digit growth,” Mr. Dooc said in a text message when asked for the Insurance Commission’s targets this year.

Net premium income of the non-life insurance sector for 2015 is estimated to have totaled P37.3 billion last year, up 16.2% from P32.1 billion

the year prior, the highest recorded for the sector, Mr. Dooc earlier said.

The insurance sector recorded around P233 billion in total premium income in 2015, marking its highest in its history. It reported a total premium income of P188.96 billion in 2014, down 4.63% from 2013.

The life insurance sector earned a total premium income -- or earnings of life insurers from premiums they charge policy holders -- of P188.5 billion last year, up 18.78% from P158.7 billion in 2014.

Mr. D o o c s ai d t hat the insurance industr y is expected to sustain its expansion, with premium income seen to reach about P500 billion by 2019.

billion, bringing thrift banks’ gross NPL ratio to 4.54% -higher than the 4.4% posted at end-2014.

NPLs are loans left unpaid for at least 30 days past their due date. The NPL ratio is one of the measures used by the BSP in monitoring the asset quality of banks.

The NPL ratio rose as the increase in soured loans

THE central bank considers the May 2016 elections as “business as usual” for the Philippine’s financial market and discounts it as a big risk on the economy given that reforms have been institutionalized.

Bangko S entral ng Pilipinas (BSP) Governor Amando Tetangco Jr., during the panel discussion after his talk at The Manila Times 3rd Business Forum in Manila Tuesday, said the elections is not a big concern vis-a-vis its impact on the economy.

“The way we see it in terms of policy is concerned it is business as usual. Most of the reforms that are in place now have been institutionalized,” he said.

outpaced the 19.6% growth in the banks’ total loan portfolio, based on central bank data.

At 2015’s close, thrift banks expanded their total loan portfolio to P689.019 billion from end-2014’s P576.057 billion.

Meanwhile, nonperforming assets held by banks -- which include foreclosed properties and

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BSP chief: Upcoming elections not a risk to financial market Economic managers have said that election-related spending is seen to partly boost domestic economic growth this year.

One of the concerns with this year’s elections is the programs that the new administration will put in place.

Tetangco, however, said that with reforms already in place for a few years now the financial sector can heave a sigh of relief.

Among these reforms are the amendment in the Sin Tax Law, which help increase government revenues, and the liberalization of the country’s banking system.

Tetangco also said they continue to support mergers

Thrift banks’ bad loans grow at end-December BAD DEBTS held by thrift banks rose by nearly a fourth in 2015, outpacing the growth in total loans these firms handed out for the year, data from the Bangko Sentral ng Pilipinas (BSP) showed.

Non-performing loans (NPLs) held by the lenders rose by 23.4% to P31.311 billion at end-2015 from the year-ago level of P25.373

BusinessWeek MINDANAO

ROYALTERN BATH TUB AEROGAZ WATERHEATER ARISTON WATERHEATER FIRSTANK STAINLESS TANK RONDINA KITCHEN FAUCET RONDINA LAVATORY FAUCET STAINLESS KITCHEN SINK PRETTYDOOR PVC DOOR ABC TILE ADHESIVE ABC TILE GROUT PVC/BRASS STAIRNOSSING DOOR KNOB

other seized items -- rose to P52.811 billion from P45.291 billion a year ago.

Still, thrift banks increased their allowance for potential credit losses for the year to P16.241 billion, rising by 17.1% from the P14.027 billion logged the previous year. But relative to total loans, reserves against loans/PAGE 6

and acquisition of banks, thus, the move to further improve the degree of competition among industry players. “ We w a n t a g o o d

competition among strong and solid financial institutions,” he said stressing that better competition benefits the public. (PNA)

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Improving... from page 1

Oriental,” she explained. “We have an international container port, an airport of international standards, and we also have several 1st class municipalities. Those are the major contributors why the province was adjudged one of the most competitive in the country.”

The Province of Misamis Oriental was ranked the 2nd Most Competitive Province in the 3rd edition of the Cities and Municipalities Competitiveness Index (CMCI) conducted by the National Competitiveness Council (NCC), next to Davao del Sur. The Cities and Municipalities Competitiveness Index (CMCI) is a program which encourages LGUs to gather and voluntarily submit data which are used to measure their performance on three pillars anchored on global standards: Economic Dynamism, Government Efficiency, and Infrastructure.

Each pillar has indicators which provide a more detailed view of the economic status of the locality. There are 8 indicators for Economic Dynamism and 10 indicators for both Government Efficiency and Infrastructure, totaling 28 indicators. The data submitted by the LGUs, through the assistance of a partner Academe and the Regional Competitiveness Committees, is used for the final scoring and ranking.

The 3rd CMCI ranked 1,120 local government units (LGUs) in five categories: Highly Urbanized Cities, Component Cities, 1st & 2nd Class municipalities, 3rd to 6th class municipalities and provinces.

To get the Most Competitive Provinces, NCC introduced a new method to rank the qualified provinces for the index. For a province to qualify in the ranking, the combined population of all participating LGUs under the province should constitute at least 60% of the Total Provincial Population. A total of 68 out of 81 provinces qualified for provincial ranking.

For those provinces which qualified, the scoring was calculated as the population and income weighted average of the LGUs covered. Scores of the LGUs covered were aggregated.

Scores were based on Overall Scores of participating Cities and Municipalities in the province and not the category scores.

Following this framework, the Province of Cebu got the third place, Province of Misamis Oriental got the second place, and the province of Davao Del Sur was awarded the most competitive province for 2015.

“We already have a reputation to protect and we should make

sure that we will be submitting updated figures on investment, and all related data that is required in the CMCI survey,” PD Pabillore said.

This CMCI is conducted by the National Competitiveness Council, aligned with the goal to improve the country’s overall competitiveness, through collaborative efforts between the national and local government agencies, and the public and private sectors. (DTI Region X Office)

Payment... from page 1

since 2014.

The E-PESO program supports the Bangko Sentral ng Pilipinas in the implementation of the National Retail Payment System, which uses e-payments in governmentto-person and person-togovernment transactions with the aim of shifting the Philippines from a cash-based economy to digital.

During the caravan, USAID and local government representatives will brief the vendors on how to speed up their online transactions using their mobile telephones.

Earlier, Cagayan de Oro City (CDO) Mayor Oscar S. Moreno said the City Hall’s mobile payment system is meant to eliminate long lines and waiting hours, particularly for the payment of business and other local taxes.

“With less human intervention, transacting business with the government will be faster and red tape and corruption minimized,” Mr. Moreno added.

Granvia... from page 3

their units on spot cash, on spot payment of equity at 50 percent of the TCP, and also for spot payment of equity, Bacungan disclosed.

Back-up Granvia Suites is backed by a generator with 100 percent capacity of its expected maximum load, and is fitted with a fire detection and alarm system that triggers a water sprinkler system fed by a roof-top water tank that supplies water to all units.

The building has an elevator that carries 10 persons, and CCTV camera for security monitoring on every floor that is also provided with a garbage room. The ceilings are 2.4 meters above the floor, while the hallways are 1.2-meters wide.

Granvia Suites is built as Cagayan de Oro City has steadily grown, fast becoming a dominant metropolis with more migration into the city noted and expected to increase further in the next few years.

Even this early, it would be essential for one to entertain the idea of living in even just a halfway home as Granvia Suites that is far from the bustles of the city yet near enough for one to practice one’s profession or to undertake one’s daily trade.

Expansion... from page 3

top Japanese convenience store chain FamilyMart. Also, billionaire Manuel B. Villar, Jr. is expanding its homegrown All Day convenience

store chain.

The Philippine operator of 7-Eleven has felt the pinch of competition “mostly in the central business districts,” as most of the new players have focused their rollouts in Metro Manila.

“That’s why we are opening new stores outside Metro Manila,” Mr. de Leon said. PSC became the first convenience store operator to enter Mindanao where it has stores in Davao and Cagayan de Oro. So far, 7-Eleven enjoyed a “favorable” start this year in terms of financial and operational highlights.

“We saw that election spending has started to trickle in and it is affecting same-store sales.

We hope the trend will continue.

Traditionally, in election years, we are performing well,” Mr. de Leon said.

Sales of certain categories such as non-alcoholic drinks, snack food and ready-to-eat items have enjoyed faster turnover and are getting a boost from election spending, he said.

PSC’s net profit climbed by a tenth year on year to P515.5 million in the first nine months of 2015 from P468.3 million on the back of a 24.8% uptick in systemwide sales, but its unprecedented expansion outside Luzon tempered profitability.

Loan... from page 5

potential defaults dropped to 3.31% from 3.38% previously.

Coverage against NPLs likewise dipped to 72.81% from 76.73% seen a year ago.

PROFITS UP Still, thrift banks yielded bigger profits during the year despite incurring a higher share of bad loans.

As of end-December, thrift lenders booked a total of P12.23 billion in net income, 18.89% higher than the P10.287 billion recorded a year ago.

The banks raised interest earnings by a fifth to P49.093 billion from 2014’s P40.806 billion.

Meanwhile, non-interest income stood flat at P11.791 billion, as derived from fees and commissions, among others.

The growth seen in interest income offset a 13.8% rise in

operating expenses to P40.05 billion from P35.205 billion previously.

Return on assets stood at 1.3% for the year, improving from 2014’s 1.25% ratio. Return on equity, meanwhile, slipped slightly to 10.31% from the 10.59% ratio seen the year prior. Cost-to-income ratio, however, also went down to 64.95% from 66.75%.

The BSP monitors the quality of loans and assets of Philippine banks in keeping high standards for the country’s banking sector by ensuring ample credit risk management. There are 67 thrift banks operating in the Philippines as of end-September, based on central bank data.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 17 Cagayan de Oro City IN THE MATTER OF PETITION SPEC. PROC.NO. FOR CORRECTION OF ENTRIES SP-ORD. 2016-013 In the Certificate of LIVE BIRTH OF FAIDA SAICONA DIMALNA, FAIDA SAICONA DIMALNA,

Petitioner, --versus— THE LOCAL CIVIL REGISTRAR OF CAG. DE ORO CITY, Respondent.

X-------------------------------/ ORDER Petitioner Faida Saicona Dimalna filed before this Court a petition for correction of entry in her birth certificate. The petitioner seeks for the correction of the erroneous entry of her date of birth as reflected therein from January 14, 1996 instead of November 4, 1990.

The petitioner alleged that she was born in Agora Lapasan, Cagayan de Oro City on November 4, 1990. She applied for a late registration of her birth at the Office of the Local Civil Registrar of Cagayan de Oro City. That the date of birth reflected in said birth certificate was January 14, 1996 instead of November 4, 1990. Her school records and baptismal certificate showed that her date of birth is indeed November 4, 1996 and NOT January 14, 1996.

Finding the petition to be sufficient in form and substance, the petition is set for hearing on March 14, 2016 at 8:30 o’clock in the morning at the session hall of this Court, at which date, time and place, all persons who may have in the petition are called to appear and show cause why the petition should not be GRANTED. At the expense of petitioner, let a copy of this petition be published once a week for three (3) consecutive weeks in a newspaper of general circulation in the City of Cagayan de Oro and Province of Misamis Oriental.

Let copies of this order be posted in the Bulletin Boards of the Provincial Capitol Building of Misamis Oriental, City Hall Building and Office of the Local Civil Registrar all of Cagayan de Oro City.

Likewise petitioner is directed to furnish copy of the petitioner and its annexes to the Officer of the Solicitor General, Makati City.

SO ORDERED. Done this 12th day of February 2016, in this City of Cagayan de Oro, Philippines.

(Sgd.) FLORENCIA D. SEALANA-ABBU

Presiding Judge BWM: Feb. 24, Mar. 2 & 9, 2016

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Budget... from page 1

Southern Tagalog (Region 4-A), P21.28 billion; Eastern Visayas (Region 8), P20.68 billion; and National Capital Region, P19.7 billion.

The rest are: Bicol Region (Region 5), P19.65 billion; Southern Mindanao (Region 11), P18.96 billion; Western Mindanao (Region 9), P18.59 billion; Western Visayas (Region 6), P17.84 billion; Caraga (Region 13), P16.99 billion; C entral Visayas (Region 7), P16.96 billion; Mimaropa (Region 4-B), P16.40 billion; Ilocos Region (Region 1), P14.97 billion; Central Mindanao (Region 12), P12.64 billion; Cagayan Valley (Region 2), P12.41 billion; and Cordillera Administrative Region, P12.36 Billion.

Broken down, the DPWH carried out 39 projects on t he pres er vat ion of national roads; 41 on road n e t w o r k d e v e l o p m e nt ; 23 road upgrades; 68 bridge construction and maintenance projects; 17 f lood management services works; four access roads leading to tourism destinations; 12 water supply and rainwater collector construction and rehabilitation works; 512 other infrastructure works, and one national building. “ These completed p ro j e c t s , a c c ord i n g t o DPWH Secretary Rogelio L. Singson, will further boost the potentials of Northern Mindanao as an investment area.”

The remaining 156 projects, whose construction is still ongoing, are targeted for completion “early this year,” according to Ms. Barroso.

The agency is also pl an n i ng for an “e arly procurement” of projects under 2016 General Appropr i at i ons Ac t , referring to the front-loading of projects during the year to achieve timely funding release and implementation. “[W]e aim to implement these projects on time, hopefully surpassing last year’s turn-out,” Ms. Barroso added.

DPWH’s total budget for 2015 is P303.2 billion.

Meanwhile, the Regional Development Council of Region X followed up on a slew of key measures to strengthen the infrastructure connectivity of the region and improve its competitiveness during the 107th RDC-X Full Council meeting held on February 16 in Cagayan de Oro City.

Among them, the proposed investment programming session for the Iligan-Bukidnon Agribusiness and Ecotourism Development Zone scheduled not later than the end of March 2016; endorsing to the Office of the President the proposed port delineation of the Port of Laguindingan, Misamis Oriental for the issuance of an executive order declaring and delineating the port of Laguindingan as port zone under the administrative jurisdiction of the Philippine Por ts Aut hority (PPA); endorsing to the Department o f P u b l i c Wo r k s a n d Highways regional office X (DPWH-X) the proposed access road project leading to the port of Laguindingan, Misamis Oriental; and, endorsing to the NEDA Central Office for technical and funding support the preparation of the proposed

Northern Mindanao Regional Transport Master Plan.

“The Iligan-Bukidnon Agribusiness and Ecotourism Development Zone investment programming session is a support for the imminent completion of the Bukidnon-Iligan Road which will open direct trade and investments between the two areas,” said Architect Gil Balondo, Iligan City Planning and Development Coordinator, in the sidelines of the full council meeting.

The Iligan-Bukidnon Road is a section of the proposed 397.85 kmM i n d a n a o E a s t - We s t Lateral Road, totaling a length of 185.27 kms. The Iligan section traverses the barangays of Sta. Filomena, San Ro que, B onb onon, Digkilaan and Rogongon.

At Bukidnon side it connects to Aglayan junction at Sayre Highway, Malaybalay City passing Tikilaan of Talakag and Lantapan. “ T h i s ro a d w i l l c ut travel time between the two destinations by at least one hour for private vehicles and two hours for public utility vehicles,” Balondo said. “But the benefits will redound to people even beyond these points like Davao, Misamis Occidental, Z amboanga regions and as far as Negros Island Region thru the RoRo at Dipolog-Dapitan passing the proposed Panguil Bay Bridge for whom this project would result in tremendous saving in travel time and costs.”

Meantime, it was learned that the local government units of Misamis Oriental, Laguindingan and Alubijid had already submitted to RDC-10 their resolutions in support of the proposed

Laguindingan port zone delineation.

Ayala Corporation has s i m i l arly e x pre ss e d it s support by indicating its willingness to donate the required land area for the seaport and access road.

RD C-10 secretariat has a lre ady commente d on the draft deed of donation through the PMED staff and PPA PMO-Misamis Oriental/CDO. DPWH-10 still has to conduct a parcellar y survey of the approximately 491,745 square meters or 50 hectares needed for the project as requested by PPA PMO-Misamis Oriental/ CDO since the technical description is needed by Ayala Corp. to finalize its Deed of Donation.

DENR-10 is also slated to conduct an actual ground survey of the project area to ensure the proposed port would not adversely affect the ecosystems (corals and seagrass) within the area.

As an adjunct to the proposed L aguindingan port, DPWH-10 has already conduc te d a p arcel lar y sur vey and identified affected improvements for the proposed port access road. Assessment of the af fe c te d i mprove m e nt s including houses and trees would be completed by March 15, 2016 with the technical description to be forwarded to Ayala Corp. for the finalization of the Deed of Donation to DPWH-X. Not the least, the resolution asking NEDA Central Office for technical and funding support for the proposed Nor thern Mindanao Regional Tr ansp or t Maste r Pl an has been forwarded to the NEDA Infrastructure staff

Notice is hereby given that the intestate estate of the Late BEATRIZ M. GEMPISAO and MAURO GEMPISAO, left a parcel of land situated in Poblacion, Cagayan de Oro City, Island of Mindanao, and which property described a s f o l l o w s ; Tr a n s f e r Certificate of Title No. T-25057 containing an area of ONE HUNDRED FORTY-EIGHT (148) square meters more or less is the subject of DEED OF EXTRAJUDICIAL SETTLEMENT O F E S TAT E U n d e r Notary Public of ATTY. TEOFREDO C. ROJAS per Doc, No.258; Page No. 52; Book No. XXXVIII; Series of 2015.

BWM: Feb. 17, 24 & Mar. 2, 2016

MANAGEMENT PAHIBALO

Sa Marso 4, 2016 sa may 9:00 sa buntag paingon da alas 5:30 sa hapon, ang Tanan nga penirenda nga wala malukat sa bulan sa Oktubre 2015 maapil sa subasta.

Giawhag ang tanan suki sa pagsusi sa ilang resibo.

(Sgd.) IVY REYES TONGCO Municipal Civil Registrar

BWM: Feb. 17 & 24, 2016

BWM: February 24, 2016

Republic of the Philippines Region X Province of Lanao del Norte MUNICIPALITY OF KAPATAGAN Office of the Municipal Civil Registrar

NOTICE FOR PUBLICATION In Compliance with Section 7 of R.A. No. 10172, a notice is hereby served to the public that GERALDINE C. TEJADA has filed with this Office a petition for correction of clerical error and the GENDER from MALE to FEMALE of Live Birth JINKY JUNE C. TEJADA who was born on April 6, 1996 at Kapatagan, Lanao Del Norte and whose parents are GREGORIO L. TEJADA and ROSITA Y. CHAN. Any person adversely affected by said petition may file his written opposition with this Office not later than 15 days.

(Sgd.) IVY REYES TONGCO Municipal Civil Registrar

BWM: Feb. 24, Mar. 2 & 9 ,2016

Starting March 4, 2016 at 9:00 A.M. to 5:30 P.M., this establishment will set an Auction Sale on all pledges since October 2015. Patrons are enjoined to verify their receipts.

Any person adversely affected by said petition may file his written opposition with this Office not later than 15 days.

R.A. 10172 Form No. (LCRO)

Notice is hereby given that the intestate estate of the Late VICTORIANO LLIDO and CONRADITA G. LLIDO represented by their child NEPOMUCENA G. LLIDO, who inherited the property which she sold to the herein buyer/vendee is of legal age, single and a resident of Poblacion,Talisayan, Misamis Oriental herein after referred to as the seller/vendor left a parcel of land situated in Poblacion,Talisayan, Misamis Oriental and which property described as follows; Tax Declaration No. 08-03-0001-00701 containing an area of THRE HUNDRED THIRTY EIGHT (338) square meters more or less is the subject of EXTRAJUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND Under Notary Public of ATTY. EMELITO J. MARQUIÑO per Doc, No. 140; Page No. 28; Book No. XII; Series of 2016.

NOTICE OF AUCTION SALE

In compliance with Rule of R.A. Act No. 10172, a notice is hereby served to the public that GEMAR M. MOSOT has filed with this Office a petition for CHANGE OF GENDER from FEMALE to MALE in the Birth Certificate of GEMAR M. MOSOT who was born on Feb. 19, 1993 at Kapatagan, Lanao Del Norte whose parents are JEREMIAH S. MOSOT and FE I. MOLDE.

Republic of the Philippines Region X Province of Lanao del Norte MUNICIPALITY OF KAPATAGAN

EXTRA-JUDICIAL SETTLEMENT WITH A DEED O F A B S O L U T E SALE OF A PARCEL OF LAND

Main: Osmeña-Cogon Market, Cagayan de Oro Branch: Ipil,Carmen , Cagayan de Oro

NOTICE FOR PUBLICATION

BWM: Feb. 17 & 24, 2016

DEED OF EXTRAJUDICIAL SETTLEMENT OF ESTATE

Controlled Corporations to submit an Inventor y of Their Respective Idle Lands, and Creating an Inter-Agency Task Force to identify lands and sites for s o cialize d housing; approval and support for the Activity Plan of Private Sector Organization (PSO) and Selection of RDC-X P S R s f o r Te r m 2 0 1 6 2019; and support for the participation of the RDC-X PSO representatives to the 7th RD C PSR National Convention on April 2629, 2016 in Legazpi City.

ASIA WORLD PAWNSHOP

Republic of the Philippines Region X Province of Lanao del Norte MUNICIPALITY OF KAPATAGAN

and is now being reviewed for possible Official Development Assistance (ODA) support.

Resolutions approved during the 107th Full Council meeting presided by RDC-X C o-Chair and NEDA-X RD Leon M. Dacanay Jr. included the Regional Policy and Procedural Guidelines in the Preparation of the FY 2017 Budget Proposals of Agency Regional Offices and other Government Agencies; Creation of the Indigenous People’s Technical Working Group (IP-T WG) under the Regional L and Us e Committee –X (RLUC-X); support for Memorandum Circular No. 87, s. 2015, “Directing All the National Government Agencies and Instrumentalities, including G over nment O wned or

7

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R.A. 10172 From No. (LCRO) NOTICE OF PUBLICATION In compliance with section 5 of R.A. 9048, a notice is hereby served to the public that JOVITA G. DANGEL has filed with this office a petition for Change of Name from OBITA to JOVITA in the birth certificate of OBITA GETARUELAS who was born on Feb. 5, 1953 at Kapatagan, Lanao Del Norte and whose parents are LEON GETARUELAS and PAULA SALINAS. Any person adversely affected by said petition may file his written opposition with this Office not later than 15 days.

BWM: Feb. 17 & 24, 2016

(Sgd.) IVY REYES TONGCO Municipal Civil Registrar

ANG TAGDUMALA

Republic of the Philippines Province of Misamis Oriental Municipality of Initao NOTICE TO THE PUBLIC CFN-0002-2016 Date: February 11, 2016

In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of the Administrative Order No. 1 Series of 2012 (IRR on R.A. 10172), Notice is hereby served to the public that MITCHEL LEO V. DUMAOG has filed with this Office, a petition for change of first name from “METCHEL” to “MITCHEL LEO” and correction of entry in sex from “ “ to “ “ or correction of entry in sex from “ “ to “ “ in the certificate of live birth of METCHEL V. DOMAUG at Initao, Misamis Oriental and whose parents are LEONILO R. DOMAUG and ANDRESITA G. VELEZ. Any person adversely affected by said petition may file his written opposition with this Office not later than March 4, 2016.

BWM: Feb. 17 & 24, 2016

(Sgd.) ISAIAS A. JARALES Municipal Civil Registrar

8

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FINALS & AWARDING -March 8, 2016 Limketkai Center, Activity Center, 2nd floor Cagayan de Oro City

PARTIAL LIST OF FINALISTS: COLLEGE HIGH SCHOOL

COLLEGE HIGH SCHOOL

Sports Writing News Writing News Writing 1. Rennie 1. Lancer M. Asino 1. Therese Marie Villaroya BROUGHT TO YOU BY: Boy M. Quilab - COC - PHINMA - Liceo de Cagayan University - Cagayan de Oro National High School 2. Mark Ezra C. Burlat 2. Sherielyn G. Louisares Science Reporting Science Reporting - Xavier University - Puntod National High School 1. Rezza Mae B. Tolinero 1. Cedric Val U. Beja 3. Jade Alfie Sale 3. Sarah C. Cantago KAKING - Xavier University - Cagayan de Oro Natl High School - Xavier University - Macabalan National High School 2. Christine Anne Grace Carbonilla 2. Renz Andrew C. Orpina 4. Angelyn Oceña Oronan 4. Ysabella B. Navales - Pilgrim Christian College - Macabalan National High School - Pilgrim Christian College - Kauswagan National High School FINALS & AWARDING -March 8, 2016 3.

Edwin A. Enajao2nd Jr. 5. Joscel Myka D. Fortum Limketkai Center, Activity Center, floor Puntod National High School - Father Saturnino Urios University Cagayan de Oro City

Photo Journalism Photo Journalism

1. Jay Mark T. Crisostomo 1. Karl John O. Wong Feature Writing Feature Writing

Media Partner: - COC – PHINMA - Cagayan de Oro Natil High School 1.Timothy Justin B. Emata 1. Kaitlyn Cheyanne Tan 2. Jayronne M. Alota 2. Frency Pauline V. Bacabis - Xavier University - Kong Hua School - Liceo de Cagayan University - Cagayan de Oro Nati’l High School 2. Jebsen D. Patlunag 2. Sittie Ashiah B. Dicritan 3. Lucky E. Dela Rosa - COC - PHINMA - Macabalan National High School - Liceo de Cagayan University 3. Brian Adam S. Anay 3. Anne D. Alvarez 4. Zykem L. Serenuela - Xavier University - Puntod National High School - Liceo de Cagayan University 4.Needheart Ranken A. Obeñita 4. Maria Ligaya Cabarubias - COC - PHINMA - Puntod National High School (Finalists from other categories will be published tomorrow.)

5. Armando Sagragao 5. Alyssa Mariel C. Tagaan - Father Saturnino Urios University - Puntod National High School

SAFETY ASSOCIATION OF THE PHILIPPINES INC. R-10

BROUGHT TO YOU BY:

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Media Partner:

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YOUR Mindanao-wide BUSINESS paper

Editor: Cheng Ordoñez

B1

Smart, innopub, Dapitan launch ‘Digital Tourism’ D

By Cheng Ordoñez, Executive Editor

APITAN CITY – Smart, innopub and the Shrine City of the Philippines recently worked together to implement a program called Digital Tourism by releasing a free mobile app called Dapitan Guide and installing interactive tourism markers, which they launched recently with a fitting program at the Rizal Shrine, here.

Dapitan Guide, initially available for Android devices with the ios version and which is still undergoing pre-release review for the app store, is a comprehensive resource on where to go and what

to do in Dapitan.

It lists the attractions in the city that tourists can visit: from the Rizal Shrine that gave the city its name as the Shrine City of the Philippines, to the plaza that was beautified by the national hero, the relief map of Mindanao that he built to instruct pupils, the amusement park Gloria Fantasyland that is among the country’s biggest, and the famed Dakak Park Beach Resort.

The app also lists places to stay when in Dapitan. It also has a virtual concierge feature that will allow tourists to get in direct contact with the Dapitan City Tourism

Office for questions and requests for assistance.

Dapitan Guide is offline-capable. Once installed, users of the app can use it anywhere, even in places without Internet connection.

Smart Public Affairs Group Head Ramon R. Isberto said, “Apart from enhancing experience of travelers, our Digital Tourism project also contributes to the preservation of Filipino heritage and culture.

Dapitan is rich in history, and through our mobile app and interactive markers, we are able to help create a digital version of its stories

available to all for free.”

Smart Senior Manager Atty. Maria Jane Paredes and Public Affairs-VisMin Junior Manager NN Navarro graced the event.

In her message, Dapitan City Mayor Rosalina Jalosjos said: “We are very happy and thankful to Smart Communications and innopub Media for including Dapitan City, the Shrine City of the Philippine, in this noble undertaking. This will help Dapitan City move to the next level in promotions and marketing. It will also help us improve the experience of our guests.” tourism/PAGE B3

From left: Dapitan City Vice Mayor Ruben Cad, Max Limpag of innopub and Smart Senior Manager Atty. Maria Jane Paredes signing the memorandum of understanding for the Digital Tourism project witnessed by other city officials, February 18, 2016, at the Rizal Shrine, Talisay, Dapitan City. (cheng ordoñez)

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FARMERS’ CONGRESS

UNAHCO’s commercial farm group joins biggest farmer’s congress Leading Philippine agribusiness conglomerate Univet Nutrition & Animal Healthcare Company, Inc. (UNAHCO) will be one of the major sponsors of this year’s International Animal Health, Genetics and Nutrition Congress or INAHGEN slated on February 24 to 26 at the SMX Convention Center at the SM Mall of Asia, Pasay City.

UNAHCO’s Commercial Farm Group (CFG) will be the main exhibitor during the three-day event which is also called The Farmers’ Congress.

UNAHCO CFG will showcase all the new products it is distributing for partners led by CJ (Chiel Jedang) Bio, Addcon, and Elanco.

UNAHCO recently entered into a partnership with CJ Bio, a major Korean feed

ingredient manufacturer known for being the world’s number one amino acid producer. CJ Bio produces L-Lysine and L-Threonine which UNAHCO CFG now distributes locally to commercial farms and feed mills.

UNAHCO CFG also distributes Addcon XF Superfine, an organic mold inhibitor from Addcon. The company has production sites in Germany and Norway where it produces biological additives that add value to organic acids and its salts.

Elanco, an international company focused on R&D, also tapped UNAHCO CFG to distribute Elector PSP, an innovative organic pest control product that is convenient and safe to

use, and is highly effective in controlling mites, flies and darkling beetles.

UNAHCO President and COO Ricardo C. Alba expressed optimism that its partnerships with CJ Bio, Addcon and Elanco will flourish through the massive distribution network of UNAHCO, implementation of effective marketing programs and participation in big industry events like INAHGEN which helps create awareness and facilitate technology transfer.

“By taking part in the sixth edition of INAHGEN, we aim to reach a wider network of animal raisers, dealers and endorsers and give them more information about our partners’ product offerings which we believe will help improve the efficiency and

productivity of our local farms,” Mr. Alba said.

Commercial Farm Group head Dr. Linda Antazo said the synergy with CJ Bio, Addcon and Elanco should further strengthen UNAHCO’s position as a highly diversified conglomerate with marketleading hog and poultry feeds, organic fertilizers, veterinary and pet products, among others, while allowing their partners to capitalize on CFG’s extensive farm and distribution network.

INAHGEN is the Philippines’ largest, most comprehensive and most prestigious exhibition and forum that showcases the latest scientific developments and state-of-the-art technologies on animal health, genetics and nutrition.

The biennial event is

a joint undertaking of the Philippine Veterinary Drug Foundation, Inc. (PVDAFI) and the Philippine Swine Industry Research and Development Foundation, Inc. (PSIRDFI) and serves as the ultimate convergence platform for the brightest modern ideas on animal production.

Aside from farmers, INAHGEN brings together the country’s top feed ingredient and packaging suppliers, feed millers, animal health product suppliers, breeders, meat processors, farm and slaughter equipment suppliers, agribusiness book and magazine publishers, and other allied industries.

Organizers said admission to the exhibition and its scientific and technical sessions is free.

BPI posts net income of P18.23B in FY2015 Total Loans up 9.1% to P872.86 billion; Net Interest Income up 11.0% to P38.64 billion

MAKATI CITY, Philippines -- Bank of the Philippine Islands (BPI) fullyear (FY) net income for 2015 was P18.23 billion, 1.1% higher than the P18.04 billion earned in 2014.

Total revenues rose by 6.4% to P59.36 billion, driven by net interest income, which rose 11.0% to P38.64 billion.

Comprehensive income was P16.69 billion, down 7.1%.

Revenues. The Bank’s trading performance weathered a

volatile year, with FX and securities trading marking gains of P2.86 billion. Non-interest income was P20.72 billion, down 1.2%.

Operating expenses.

Operating expenses grew to P31.87 billion, or +6.4%, the same pace as revenues.

Profitability.

The bank’s costto-income ratio remained at 53.7%.

ROA was 1.3%, down 0.1% from the prior year; ROE was 12.3%, down 1.4%.

Total loans and

deposits. Both total loans and total deposits grew to record levels in 2015. Total loans stood at P872.86 billion, up 9.1% on a 78%-22% corporateretail mix. Gross 90-day NPLs were 1.6%, up slightly from 1.5%. Loan loss cover was 110.2%, not counting the value of collateral.

Total deposits stood at P1.28 trillion, up 8.5% year-on-year.

CASA ratio at the end of the year was 72.3%.

Total assets. Total assets ended at

P1.52 trillion, 4.6% or P66.16 billion above that of last year.

Investment securities.

Investment securities closed at P295.18 billion, a 6.7% increase year-on-year. The bank’s investment securities was mostly held-to-maturity (HTM), at P244.81 billion.

Total capital.

Capital, net of all cash dividends declared at yearend, was P150.28 billion, up 4.3%. CAR ended at 13.6%; CET1, 12.7%.

The Panagdait Dancers opens the 61st Foundation Week celebration of Liceo de Cagayan University. PHOTO BY MARK FRANCISCO, LIFESTYLE EDITOR

BusinessWeek MINDANAO

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2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

wednesday|February 24, 2016

Tourism... from page B1

The Punto de Disembarco in Dapitan marks the arrival of national hero Dr. Jose P. Rizal in 1892 for his four years of exile in the city. It is built on the site where he is believed to have arrived in Dapitan on board a vessel called SS Cebu on July 17, 1892.

That information, along with the other places where Rizal stayed and worked during his exile, is now made more widely available on mobile devices through the groundbreaking Digital Tourism project of wireless services leader Smart Communications, Inc. and new media startup innopub Media.

The interactive tourism markers that Smart, innopub, and Dapitan City installed on key tourism sites contain a quick response or QR code and near-field communications or NFC tags that, when scanned or tapped, trigger

the download of more information about a site or structure.

Max Limpag, innopub Media co-founder said: “Apart from our friends and family, the phone is our most important travel companion. It is our map, camera, messaging device, and tourism guide. With Digital Tourism, we make important tourism and historical information more widely available to tourists through these mobile devices,” said Max Limpag, innopub Media co-founder.

Digital Tourism is a nationwide campaign by Smart Communications and innopub Media to harness mobile technology in the delivery of tourism, cultural, and historical information. It started in Cebu and has expanded to its key tourism towns as well as other provinces, like Iloilo, Baguio, Bohol, and Albay.

It was given an Anvil Award of Merit in February 2014. (With a report from Smart)

photo by mark francisco

Pinatay si Mayor to run until Saturday

The Xavier Stage (TXS), a resident repertory company of Xavier University, closes their Advocacy Theater on Peace, Good Governance, and Positive Discipline – the company’s 5th theater season – with Rody Vera’s PINATAY SI MAYOR, in celebration of the National Arts Month. TXS previously staged Gamutin Ang Bayan, a twinbill production on peace and Philippine politics, in September 2015; and Istoryahi Lang Ko, a musical that featured positive child discipline, in December 2015, with a re-staging last January.

Rody Vera’s PINATAY SI MAYOR is a musical satire about voters’ education and Philippine elections. What seems to be a promising future for the townspeople of Talon Pikit was shattered when their newly elected mayor was murdered before he could assume office. Officials could not point out the motive or the killer. Could it be that the murder is linked to politics? Or was it a personal issue? Is the killer one of the townspeople of Talon Pikit, or a political rival?

In line with their Advocacy Theater, the Xavier Stage hopes to share the message: VOTE WISELY AND BE VILIGANT AFTER ELECTIONS.

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region BRANCH 24 Cagayan de Oro City HEIRS OF LUISA DACLAG ARBAS, NAMELY: CIVIL CASE NO. 2014-177-R BELEN DACLAG PARAGAS, ALMA D. CLARITO, AND AIDABEL DACLAG ARBAS; REPRESENTED

BY AIDABBEL DACLAG ARBAS; HEIRS OF TEMPORA DACLAG JADAP; FRANCISCO S. DACLAG; HEIRS OF MARTINA DACALG KATIPUNAN, REPRESENTED BY APOLINARIO D. KATIPUNAN; AND HEIRS OF SEVERINA DACLAG SALON REPRESENTED BY VICENTA SALON GABUCAN,

Petitioners, IN RE: SETTLEMENT OF ESTATE OF THE DECEASED PERSONS. X-----------------------------------------------------------------------------/ ORDER This is a Petition for Settlement of Estate, with the petitioners alleging among others, that they are the heirs of the late spouses Maximino Daclag and Sotera Sarraga; that Maximino Daclag inherited from Francisca Laray, a parcel of land containing One Thousand Four Hundred Twenty Six (1,426) sq.m., more or less, which is a portion of the property located in Lapasan Cagyan de Oro City, covered by OCT No RO 557 (OCT 7732); that after the death of Maximino Daclag, the said property was passed on to his (5) five children, and with each of them entitled to Two Hundred Forty Five Point Twenty (245.20) sq.m. more or less, as their respective shares; that petitioners, as compulsory heirs, want to judicially partition the subject land equally among themselves, for the purpose of segregating their individual shares and registering the same in their respective names. Thus, this Petition.

This petition will be called for initial hearing on March 18, 2016, at 8:30 o’clock in the morning, during which the jurisdictional requirements of publication, posting and notice to all persons who have interests which would be affected by this petition, will be proved.

At the expense of the Petitioner, let this Order be published once a week for (3) three consecutive weeks in a newspaper of general circulation in the City of Cagayan de Oro, and in the Province of Misamis Oriental. Further, let this Order, together with copies of the Petition and its annexes, be posted before the initial hearing, in the Bulletin Boards of this Court, City Hall of Cagayan de Oro City, Provincial Capitol of Misamis Oriental, and the Barangay Hall of the Barangay where the land is situated.

Any interested person may, within fifteen (15) days from notice thereof, file an Opposition to the Petition.

Let a copy each of this Order be furnished to the Petitioners, Atty. Cancio P. Guibone, the Register of Deeds of Cagayan de Oro City, and the land Registration Authority.

SO ORDERED. ISSUED this 22nd day of January, 2016, at Cagayan de Oro City, Philippines.

BWM: Feb. 17, 24 & Mar. 2, 2016

B3

2014 ppi’S Best in ENVIRONMENTAL Reporting

(Sgd.) HENRY B. DAMASING Presiding Judge

PINATAY SI MAYOR features Ms. Muriel Lomadilla as the incumbent Mayor Vangie Palaban, one of the suspects in the murder. The ensemble cast is a combination of experienced and new actors from the TXS resident pool of artists.

The play premiers at 7:30PM on Friday, February 22, 2016 at the Xavier University Little Theater. Ticket prices are at P100.00 for the premier and P75.00 for regular shows.

Playdates are listed below.

February 22, 2016, 7:30PM – Premier February 23, 2016, 7:30PM February 24, 2016, 10:00AM, 3:00PM, 7:30PM February 25, 2016, 10:00AM, 3:00PM, 7:30PM February 26, 2016, 7:30PM February 27, 2016, 10:00AM, 3:00 Should you wish to reserve seats, please contact Ken Francisco 0915 934 9199 or Ms. Oya through 858 -3116 local number 2059.

See you at XU Little Theater!

BusinessWeek MINDANAO YOUR Mindanao-wide BUSINESS NEWSPAPER wednesday | FEBRUARY 24, 2016

ROTARY

B4

Doctors Fore Humanity, Rotary serve Opol thru medical-dental mission

O

said, at least, 30 physicians at the Opol from the DFH Gymnasium. participated The medical in the mission, mission was among them a project Filipino-American organized by doctors who are the Rotary now residing Club of Opol in the United and the Local States.

Government Fernando of Opol under Gurrea, Mayor Max Seno. incoming Mayor Seno president of the

BY CHENG ORDOĂ‘EZ, Executive Editor

POL, Misamis Oriental -- Some 2,000 residents of Opol, Misamis Oriental, benefited from the medicaldental mission

by Doctors Fore Humanity (DFH), last Tuesday,

Rotary Club of Opol said the medical mission was borne out of meetings by Mayor Seno and a private medical group who has contact with the DFH. Aside from dental and medical checkups, the mission also

conducted minor operation at the Health Center of Opol.

This is the second time that Opol hosted a medical mission with support for medicines and facilities coming from both government and non-government health

institutions.

From Opol, the medical group proceeded to Cagayan de Oro City the next day to hold another medical mission in the city.

The DFH also visited some parts of the country before coming to Mindanao.