Issuu

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 117

Market Indicators

As of 6:11 pm February 23, 2017 (thursday)

FOREX

PHISIX

US$1 = P50.240

7,031.01

6.5

X X Briefly

cents

14.56 points

WESM support GIVEN the excess in power generation capacity in Mindanao, preparatory activities for the launch of the Wholesale Electricity Spot Market (WESM) in Mindanao are being undertaken by the Department of Energy (DOE). This is in coordination with the Philippine Electricity Market Corporation (PEMC) and the National Grid Corporation of the Philippines (NGCP). The DOE has already completed two public consultations this month in Cagayan de Oro and in Zamboanga City. It focused on a draft circular that will govern the operation of WESM Mindanao in fulfillment of the DOE’s mandate to ensure the security, reliability, and availability of transparent and reasonably-priced electricity in the country. The above-mentioned mandate of the DOE, under the stewardship of Energy Secretary Alfonso G. Cusi, is underlined in Republic Act 9136 or the Electric Power Industry Reform Act of 2001.

Emergency loan THE Government Service Insurance System (GSIS) is allotting almost Php1.2 billion in an emergency loan for its active members and old-age pensioners who were affected by a low-pressure area in Misamis Oriental; rat and bug infestation and flash flood in Kabacan, Cotabato; and tropical depression Auring in Prosperidad, Agusan del Sur.

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IN-DEPTH

PPA adds harbor pilots to meet CDO port traffic www.businessweekmindanao.com

he Philippine Ports Authority ( P PA ) h a s increased the number of authorized harbor pilots in Cagayan de Oro as vessel calls in the area continue to grow.

Surigao airport closed but port still operational

The number of authorized harbor pilots in Cagayan de Oro Pilotage District has been increased to eight from seven through PPA Administrative Order (AO) No. 02-2017 dated Feb 3, 2017 and signed by PPA general manager Jay Daniel Santiago. port/PAGE 11

Beverage industry rejects proposed 10% tax

The B e verage Industr y Association of the Philippines (BIAP) is objecting to the proposed legislative bill imposing a 10% tax per liter on sugar-sweetened beverages (SSBs), saying the effect of the legislation actually runs counter to its declared goals. In a recent business presentation, BIAP said House Bill No. 292 will not achieve its targets of curbing obesity and increasing government revenue collection, but will rejects/PAGE 11

P15.00

Monday | February 27, 2017

Luncheon At Pandesal – Veterans Bank led by its Chairman Dr. Bobby de Ocampo (center) held a forum at the 78-year-old Kamuning Bakery Cafe to announce the forthcoming Bataan Freedom Run. This yearly event will be held in April to commemorate the 75th anniversary of the Bataan Death March in the Philippines. The Freedom Run & Marathon, also promotes health & history of World War II. (Photo by Enie Reyes. )

The Philippine Department of Transportation is assessing the extent of damage to transport facilities in Surigao following the magnitude 6.7 earthquake that shook the city on February 10. Transportation Secretary Arthur Tugade, along with other transport officials, flew to Surigao on February 11, hours after a notice to airmen (NOTAM) was issued closing the airport due to extensive damage to its runway. The closure was directed to give way to the repair and rehabilitation of the facility. The tower, airport terminal, and facilities had minimal damage. No staff was reported injured. The Port of Surigao also suffered damage from the earthquake. In an initial assessment report prepared by the Philippine Ports Authority (PPA) Port Management Office of Surigao and obtained by PortCalls, varying levels of damage were sustained by the baseport’s passenger terminal building, cargo shed, backup area and wharf, administration building, other concrete pavement, fence, and utilities. closed/PAGE 11

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Economy

ECC fosters protection of Bukidnon workers with ECP

DESIGNED to provide employees and their families with income benefits, medical and other benefits in the event of work-connected sickness, injury or death, the Employees’ Compensation Commission (ECC) highlights the Employees’ Compensation Program

(ECP) through conducting the Employees’ Compensation Program Advocacy Seminar in Bukidnon on February 22 in Valencia City. The ECP has been implemented in the region for six years already. “We started this activity since 2013 in CDO, 2014 in Iligan City and

2015 in Misamis Occidental,” ECC-10 Information Officer Stella Mae Obice said. F o r t h i s y e a r, t h e commission’s target province is Bukidnon. Through the advocacy seminar, ECC Executive Director Stella ZipaganBanawis said that they aim

to ensure that workers are informed of their rights, benefits and privileges under the EC program. “Ang sakop nito ay mga trabahador at manggagawa sa pribado at pampubliko (Workers from the private and public sectors are covered protection/PAGE 11

MAMBAJAO, Camiguin -- Some 29 demonstration farms showcased different technologies on high value fruits and vegetables in Camiguin. The project is a privatepublic partnership between the provincial government

and interested farm owners w it h a s h ar i ng s c h e m e o f 6 0 a n d 4 0 p e r c e nt , respectively in a span of five years for bearing crops and 10 years for ne w ly established planted crops. Provincial Agriculturist R e n e ro G . Tor i on s ai d

the program is designed to address issues on food security, create livelihood opportunities, and spur local economy instead of relying heavily on products from the mainland. To d ate, most far ms were planted with fruit

trees like lanzones, mangosteen, cacao, mango and more. Farmers can also access quality seedlings of fruits and vegetables at the provincial nursery center in Lumad, Mambajao town. showcase/PAGE 9

Farms showcase high value fruits, vegetable

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DICT braces for installation of fiber optic cable network in NorMin THE Department of Information and Communications Technology (DICT) rallied stakeholders in Northern Mindanao to prepare for the Regional Installation of Fiber Optic Cable (FOC) Network. Participated by technical staff, DICT conducted on Feb. 24 a consu lt at ion meeting in Cagayan de Oro City to discuss details on the Regional Installation of FOC Network. DICT Mindanao Cluster II Director Evamay C. Dela Rosa said the Electronic Government Masterplan (eGMP) developed by DICT aims to provide efficient, responsive and transparent online ser vices for the Filipino people through

the integrated and optimum use of information and communications technologies throughout the government. The ongoing i mple me nt at i on of t he Infrastructure projects under iGovPhil Project entails collaboration with other government agencies aimed to fully realize a network of interconnected agencies and institutions via FOC Network. The implementation of this project will enable a faster and more efficient accessibility and utilization in providing quality government services to citizens, said Dela Rosa. Government Network (GovNet)—which is geared towards interconnecting all DICT/PAGE 11

RPN Radyo Ronda Stations Nationwide

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

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

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

SM Premiere job fair. Hundreds of job seekers troop to Cagayan de Oro City Hall on February 23 as the soon-to-open SM CDO2 Premiere holds a Job Fair in collaboration with the city’s Job Placement Bureau-Public Employment and Services Office. The activity will resume on February 24 at the City Hall mini-park.(CIO/PIA10)

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

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Monday|February 27, 2a017

Motoring GILBERT Y. CHAO - Motoring Editor

Purpose-built – Ford Everest

esigned to tackle tough terrain and unexpected obstacles, the new Everest is rough and ready. Everest 4WDs help you tackle any surface, on-road or off, at the turn of a dial. Its Terrain Management System lets you shift-on-thefly to maximise traction and stability to stay in control. For off-roaders looking for traction and grip, even in slippery or rugged terrains, the electric locking rear differential provides full engine torque to both rear wheels, even if one is off the ground. On the open road, this SUV is a smooth ride. Unlike rigid suspension systems, the Everest’s Watt’s Linkage Suspension delivers improved stability and handling with maximum comfort. Ford Everest’s advanced 3.2L TDCi Turbo Diesel engine delivers 200PS of power and 470Nm of peak torque, all without compromising fuel efficiency. Feel ‘connected to the road’ with Electronic Stability Control. It helps ensure

grip and control, especially around corners and when overtaking. This includes Roll Stability Control, which uses a gyroscopic sensor to detect the potential for the vehicle to roll and intervenes to restore stability. Electric Power Assist Steering (EPAS) with Pull-Drift Compensation technology measures the driver’s steering input, adapts to changing road conditions and helps compensate for slight directional shifts caused by factors such as crowned road surfaces or steady crosswinds.

With seven leather-upholstered seats, there’s plenty of room inside the Everest to take the whole family, team or whoever is coming along for the ride in total comfort and space. The airbags in the Everest provide a network of protection with front seat driver and passenger airbags and seat-mounted side airbags. Side-curtain airbags protect everyone in the front and back. There’s even an airbag for the driver’s knee. To know more about the Ford Everest and its variants, visit www.ford.com.ph

Armando B. Reyes - MDPPA President

MDPPA hits 1M sales milestone, projects 12 to 15% growth in 2017

The Motorcycle Development Program Participants Association (MDPPA), which comprises motorcycle manufacturers Honda, Kawasaki, Suzuki, Yamaha and Kymco, breached the 1 million sales mark for the first time as it capped off 2016 with a 34 percent year-on-year (YoY) sales growth. Reporting an all-time sales high of 1,140,338 million motorcycles in 2016, MDPPA has exceeded its initial 952,570 unit and 12 percent sales growth forecasts for the year, posting the highest growth among members of the Federation of Asian Motorcycle Industries (FAMI), which include six other motorcycle associations from Indonesia, Japan,

Malaysia, Thailand, Taiwan, and Vietnam. M DPPA’s 2 016 s a le s growth is attributed to the robust motorcycle demand in the first half of 2016. The group’s midyear motorcycle sales reached 544,699 units, significantly higher than its 382,568 midyear motorcycle sales in 2015. Moped still the most popular motorcycle type in the country With demand for moped motorcycles hitting a new all-time high, the category accounted for the lion’s share of MDPPA’s total motorcycle sales in 2016. The total moped motorcycle sales reached 418,043 units or 37 percent of the aggregate motorcycle Projects/PAGE 11

Opinion

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China, North Korea and Coal

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

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NELSON CONSTANTINO Editor-in-Chief

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gilbert y. chao

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Just a Spoonful Think a minute…In 1919, just after World War I, the cholera disease broke out all over Europe killing many thousands of people. The British government sent doctors all over the world to find a cure for cholera. Thes e do c tors later came back and said that the Chinese did not get cholera because they boiled their water before they used it. Soon all the radios and ne wsp ap ers in England were telling everyone to boil their water before they drink it. They even sent this message to the Pacific Islands since they had British soldiers there. Yet later, they heard that the cholera disease had still broken out in the islands killing many thousands of Islanders. The British l e a d e rs qu e st i one d t he people in the island villages and asked them if they were boiling their water? The Islanders answered yes, they definitely were boiling their water to drink. But this is how they did it. They boiled just a small amount of water and put it in a bottle. Then only once or twice a day, they would get the bottle and drink a small teaspoon of the boiled water, like taking medicine.

THINK

A Minute

Show me a part on this earth without problems! Wars, terrorism, killings, white collar crime or let’s call it economical war. Latest example in Asia: China has stopped importing North Korean coal, cutting off a vital economic lifeline for the isolated country. What are the implications for N. Korea’s economy and the secluded regime’s relationship with Beijing? Last week, China announced that it would be stopping imports of North Korean coal until the end of 2017, severing an essential source of income for the isolated nation. The move indicates a growing fissure in the relationship between Pyong yang and Beijing, and reflects a sign that the Chinese may be taking a tougher stance on North Korea’s cavalier displays of aggression on the world

stage. China is by far North Kore a’s l argest t rading par tner and repres ents nearly 90 percent of the economically beleaguered country’s foreign trade. Coal is North Korea’s top export and a critical economic lifeline. According to figures from Chinese Customs, China imported nearly $1.2 billion worth of coal from North Korea last year. The coal embargo has already taken effect and South Korea’s Yonhap news agency reported that $1 million worth of North Korean coal was rejected last week at China’s Wenzhou p or t. Foreign Ministr y spokesman Geng Shuang told reporters after the decision was announced that the move reflected China’s “responsible attitude on the Korean nuclear issue and its sincerity in implementing

UN Security Council resolutions. China later tried to diminish the embargo’s significance and said that they stopped North Korean coal imports because they had already purchased the yearly upper limit of coal as allowed by UN sanctions - a dubious claim given the limit is 7.5 million tons. An unprecedented move? Yes - in my opinion. And I am not standing alone with it. “The embargo is definitely an unprecedented move,” said Rüdiger Frank, professor for East Asian Studies at the University of Vienna/ Austria. “Despite previous gestures of a similar type but much smaller magnitude, China has so far avoided such a bold action. They’ve now really changed their approach towards North Korea, which is quite significant.” It h a s b e e n a bu s y month for North Korea.

H ave M y Say

Klaus Doring

After launching a ballistic missile into the Sea of Japan on February 12, the halfbrother of Kim Jong Un, Kim Jong Nam, was poisoned at Kuala Lampur international airport, in a bizarre public assassination. What will be up next? +++ Email: dor ingklau s@ gmail.com or follow me in Facebook, Twitter or Linkedin or visit my www.germanexpatinthephilippines.blogspot. com.

“Morph In Time” Exhibit at Qube Gallery My next solo show will open at Qube Gallery this coming March 4 and runs until the 28th of the month. This is my first time to venture with art lovers of Cebu as they will see my oeuvres at The Crossroads, Banilad, Cebu City. One thing significant about this show is that this is my first more serious exhibit after being forced to limit my art with venues that could only offer “educational” public consumption. Before, it was understandable for a serious artist to hold such shows because one should develop his path to validation by the art community—the reason for starting more humbly prior to my presence at the Queen City of the South. In the coming “Morph in Time” solo exhibit, however, I will

be expecting better breaks by God’s grace. Thank God, I am growing as everyone should; I am evolving and am about to convey this with style. I will not be thinking of my past detractors who might only be overwhelmed of what they did not do. Aside from this exhibit, I also booked two solo shows in Metro Manila for the coming months—a prospect that excites me and raises my energy for new creations. The following exhibit statement explains my solo show in Cebu: “Facing a phalanx of forces that cause society’s plagues,” the artist contends, “one has in his arsenal powerful weapons—the brush, the pen and faith to morph.” Lucell Larawan (born 1973) fights for his milieu and

continues to wield what he knows are more than C-4 bombs for an artist and freelance columnist of three leading newspapers. He used to mentor on a full-time basis undergraduate and graduate business students in a university where he topped in research and publications. But now, he chooses to teach only on a part-time mode in his home province to truly embrace his niches while he becomes a pathfinder with no more playful bureaucratese around. Morphing is life-changing: it gives small seeds the strength of big trees while waiting for the fullness of time. For Larawan, evolving means growing some wings-be it in art, writing or applying what he has learned as an academician. It means

lucell larawan becoming a doughty warrior for his visions as he left a secure job to get closer to his dreams. Larawan began as a selftaught artist. Later, he trained the Ati of Panay who have since held their annual art festivals through a Makatibased foundation. He also Larawan/PAGE 9

An industry under siege; a secretary under fire Jhan Tiafau Hurst Then they would put the bottle away again and the rest of the day they drank unboiled, dirty water. No wonder people still got cholera and died! Yet many of us do that with Jesus Christ. We don’t want to live Jesus’ way every day, so we go to church one day a week to feel better about ourselves. Then we go back to living our own way the other 6 days of the week. Or, if we’re not religious church people, we think that if we’re a good, kind person, then God will accept us into heaven after we die. But just like 1 teaspoon of clean water a day will not keep you healthy, only 1 day a week of living for Jesus Christ, or just trying Hurst/PAGE 9

Even before day one of her appointment as Secretary of Environment and Natural Resources, Gina Lopez has trained her sights on mining. Upon her assumption at the DENR, she came out with both guns blazing. She ordered the closure of two thirds of the existing mines in the country and the cancellation of the contracts of 75 planned mines. Lopez insists that mining is destroying the ecosystem. It pollutes the air and harms the water. However, the local mining industry - which is one of the world’s biggest suppliers of nickel ore and major source of copper - is not about to take it sitting down. The Chamber of Mines has struck back, PR-wise, and has also set out to block the confirmation of Lopez before the Commission on Appointment. “If , heaven forbid, she hurdles the CA, mining is finished,” an industry source

said. Apparently, the mining group has found allies among some members of the Duterte cabinet. At t h e i n s t a n c e o f the Mining Industr y C o o r d i n at i n g C o u n c i l (MICC), President Rody Duterte, who only recently described Lopez as a “crusader”, agreed to put on hold Lopez’ closure/ suspension order. This is supposedly to give the beleaguered mines their day in court. Observers view this as a rebuff of Lopez, who coChairs MICC together with Finance Secretary Carlos G. Dominguez. The protaganists of the ongoing drama have both advanced their “compelling reasons” either for closure or retention of the mines. Lopez argues, and many environmentalists tend to agree with her, that: - Mining pollutes the air and the water. It can affect

food security. - And for all the environmental problems it has caused, mining has not really uplifted the people of the communities. - 95 percent of the wealth goes out of country. -The incidence of poverty in the mined areas is double the national average (53%). - The government can alleviate the plight of those who would be displaced or affected. The government would allot P8 billion for the development of sites in ecological zones where displaced workers would be hired. The miners, on the other hand, argue that Lopez should distinguish between responsible miners and those who are not. -For the most part, the industry is law-abiding. But small miners are not properly regulated. It is the small miners who are destructive to the environment and at the same time pose a danger to

SPEAKING

O ut

Ignacio Bunye their own safety and health. These small miners still use mercury in their operations. -The small miners do not even pay taxes. -1.2 million people are estimated to be directly and indirectly affected by the closure and suspension orders. - Mining still has to reach its full economic potential. The country has huge reserves in gold, copper, nickel, alumuminum and chromite. Full development of the bunye/PAGE 9

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CorporateWorld

Globe Telecom tops Asiamoney’s Best Managed Companies in PHL

LOBE Telecom has emerged on top of Asiamoney’s Best Managed Companies poll for large-cap companies in the Philippines. Companies were nominated on the basis of

product/service innovation; rising market share; leadership in its industry; f inanci a l p er for mance; consistency of performance; executive leadership and corporate governance. The poll covers the markets of

Department of Education Region X Division of Bukidnon District of Talakag II INDULANG ELEMENTARY SCHOOL

My Personal View on Education By: MARICEL G. AMARILLE Teacher III

‘’Nobody get rich in going to school’’, this is one of the principle of people who claims that education is not important. They prefer to send their children to farms than in school but for me, they are wrong. Education is very important because this is one thing that makes you free from ignorance. Every day, as I enter i nt o my cl a s s ro om , I always told my pupils how important education is. I always remind them the kind of life they will

have if they stop from schooling. I always asked them if they are already contented of their way of living. Sometimes sleeping without eating for their parents have no money to buy food because they don’t have stable job for they were not able to finish their studies. I always encourage them to pursue their studies inspite of the difficulties they encounter. As the saying goes, ‘’poverty is not the hindrance to success’’.

Australia, China, Hong Kong, India, Indonesia, Japan, Korea, Malaysia, Singapore, Taiwan, Thailand, Vietnam and the Philippines. “This recognition affirms the company’s excellent execution of its strategy of providing customers not only with the most innovative products and services but also the best possible experience in terms of network speed and reliability,” Globe Senior Vice President for Corporate C o m mu n i c at i o n s Yo l y Crisanto said in a statement. Globe delivered a record p erformance in 2015, surpassing its record performance the previous year, posting new highs in service revenues, EBITDA, and earnings. Amid intense

industry competition, the company registered broadbased data-driven growth across its key services. The company has solidified its leadership in the digital space by focusing on improving customer experience and by riding with the shift toward greater data consumption across all segments. In 2016, Globe sustained the top line growth momentum as consolidated service revenues reached a fresh record of PHP120 billion, up by 6 percent from the PHP113.7 billion recorded in 2015. The company’s efforts in providing marketrelevant data offers that cater to the evolving needs of its customers, backed by

significant improvements in its wireless and wired data networks, have paved the way for its continued success. It also spent PHP36.7 billion in capital expenditures (capex) in 2016 to support the growing subscriber base and its aggressive data network expansion. Of the total capex, 65 percent was spent for data-related initiatives. This also includes spending on the deployment for LTE on 700 MHz. Last year, Globe was conferred the Frost & Sullivan Philippines Telecom Service Provider of the Year Award and Mobile Service Provider of the Year Award for having demonstrated exemplary growth and performance in 2015. Both awards were

evaluated based on the number of subscribers, subscriber growth, revenue growth, EBITDA margin and net margin. The company was also named by Frost & Sullivan Asia Pacific as Telecom Service Provider of the Year award for 2016, also in recognition of the company’s impressive business performance the previous year. Frost & Sullivan Best Practices Awards recognize companies in a variety of reg iona l and g lob a l markets for demonstrating outstanding achievement and superior performance in areas such as leadership, technological innovation, customer service, and strategic product development. (PNA)

THE National Power Corp. (Napocor) posted a net income of P1.6 billion last year. The power firm said in a statement Friday that the good financial position of the company is due to fiscal prudence and good governance practices. Nap o cor president

Ma. Gladys Cruz-Sta. Rita explained the following factors also contributed to the better financial position: restructured tariff recovery approach from P0.04 per kWh in 2014 to P0.11 per kWh, recovery of the Universal Charge for Missionary Electrification and sustained high collection

efficiency especially in Basilan, Sulu and Tawi-Tawi. The corporation also reported it has procured 56 new generating sets with a total capacity of 13.55 megawatts, which was delivered to 47 small power utilities group power plants. It has also increased

the operation hours of 26 SPUG power plants, with seven operating for 24 hours. The power plants are located in Itbayat and Sabtang in Batanes, Polilio in Quezon, Araceli and Rizal in Palawan, Pilar Island in Cebu and San Antonio in Northern Samar. (PNA)

Napocor nets P1.6-B in 2016

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Banking&Finance

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monday|February 27, 2017

IMF cites PHL monetary policy, tax reforms

N Inter n ati on a l Mo n e t a r y Fu n d (IMF) mission te am t h at v i site d t h e Philippines from Feb. 2024, 2017 found the country’s monetary policy supportive of domestic expansion, with the latter forecasts to average at 6.8 percent for 2017. In a statement Friday, the IMF said the mission team, led by Luis E. Breuer, found that the Interest Rate Corridor (IRC), which the Bangko Sentral ng Pilipinas (BSP) implemented since June 2016, “has strengthened monetary transmission.” The auction- and information technologybas ed IRC is aimed at

further strengthening the relationship between the central bank’s policy rates and money market interest rates as well as better manage inflation and promote longterm sustainable expansion of the economy. With its implementation, the policy-making Monetary Board (MB) cut the BSP’s overnight lending or repurchase (RP) rate to 3.5 percent from six percent and the overnight borrowing or reverse repurchase (RRP) rate to three percent from four percent. The 2.5 percent rate of the special deposit account (SDA) facility was kept. The RRP serves as the IRC’s key rate, the RP rate

is the ceiling rate and the SDA is the floor rate. The IMF mission team also said the central bank had appropriately allowed the exemptions on the single borrower’s limit to lapse, which reduces concentration risks in the banking sector.” The single borrower’s limit (SBL) was approved for a three-year implementation starting in 2010 but was extended for another three years to ensure fund sources for projects included in the public-private partnership (PPP) initiative. However, the BSP’s MB decided to let the extension lapse by Dec. 28, 2016 after noting that “there are sufficient feasible funding

alternatives already available to PPP project proponents” such as entry of more foreign banks. T he I M F te am a l s o supported the approval of the first package of the Duterte government’s prop os ed comprehensive tax reform program (CTRP), noting that this is “critical to sustain the rise in expenditures targeted in the medium term fiscal framework, which is anchored on a three percent GDP (gross domestic

product) deficit.” “Fiscal policy is appropriately focused on the medium term objectives of addressing the infrastructure gap and inequalities and should be supported by public financial management reforms,” it said. It p oi nt e d out t h at “over the medium term, a continuation of sound macroeconomic policies and structural reforms would be important to sustain investor confidence and make growth

more inclusive.” “Key reforms include thos e aimed at raising pro ductive investment, opening up the economy to greater competition and foreign investments, and reducing poverty such as by removing the quantitative restrictions on rice imports,” it said. The next IMF te am is expected to visit the Philippines by midyear for the Article IV consultation. (PNA)

Koko, PDP-Laban endorse EastWest Bank CEO as next BSP Governor

BSP adopts 3-tiered licensing system to enhance policy on granting of licenses THE Bangko Sentral ng Pilipinas’ (BSP) policymaking Monetary Board (MB) has approved a threetiered licensing system aimed to strengthen screening f unc t ions on f inanci a l institutions and align this with international standards. In a statement Friday, the central bank said the enhanced Supervisory Policy on Granting of a License/ Authority (Licensing Policy) “will also rationalize and

streamline” the criteria that BSP- Supervised Financial Institutions (BSFIs) need to heed to ensure ease of doing business. “ The BSP thereby reaffirmed its policy of not restricting the scope of risktaking activities of BSFIs, provided the licenses and/ or authorities are in line with their business model and strategic direction, and the BSFIs demonstrate the capacity to implement these

strategies and the ability to manage attendant risks,” it said. BSFIs need to meet the three basic prudential criteria for their license applications to be approved. These criteria are CAMELs rating of at least “3”, governance and independent control functions that meet the financial institution’s size, complexity of activities and risk profile; and compliance bsp/PAGE 9

moncupa

pimentel and duterte By Allan M. Mediante, MDN Editor in Chief

MANILA- The Office of Senate President Aquilino Martin “Koko” D.L. Pimentel III has bared to media that the senate president had endorsed the appointment of EastWest Bank president & CEO Antonio C. Moncupa as the next Governor of Central Bank. Partido Demokratiko Pilipino-Lakas ng Bayan (PDP-Laban) also made the same endorsement according to some bigwigs interviewed by MDN. Pimentel said he believes Mr. Moncupa has all the qualities and capabilities required to lead the Banko Sentral ng Pilipinas in this period of challenge and change.” Moncupa is the president, chief executive officer, and director of EastWest Bank (since January 2007). He also concurrently serves on the boards of East West

Rural Bank, EastWest Ageas Life, and Pasberfund Realty Holdings, Inc. Prior to EastWest, he was EVP and chief financial officer of the International Exchange Bank. Tony Moncupa holds a double degree in Economics and Accounting from the De La Salle University and a Masters in Business Administration from the University of Chicago. Aside from being the President and CEO of EastWest, Moncupa currently heads the think tank of PDP-Laban, the ruling party. He previously served as EastWest COO, and as Chief Financial Officer of International Exchange Bank. Moncupa was also a former student activist who was imprisoned during the

Martial Law years. “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. Should Moncupa be chosen, he will succeed Governor Amando M. Tetangco, Jr. who is scheduled to leave the BSP on July 2. Tetangco is currently in his second term, after being appointed by former President Gloria MacapagalArroyo in 2005, and then reappointed by former President Benigno S.C Aquino III in 2011. Dominguez last week said that several individuals are now being considered for the spot, but did not elaborate as to who these are.

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monday|February 27, 2017

Showcase... from page 2

Meanwhile, in support to the province aim to grow only entirely organic products, the provincial government has jumpstarted the production of organic foliar fertilizers, Bukashi and vermicast, organic poultry and livestock as well as the establishment of organic model farm. Production of herbs and spices will be also expanded as alternative source for food flavoring, medicine and perfume. (JCV/PIA-10)

Larawan... from page 4

founded Hebron Artist group which produced a national champion of Metrobank Art and Design Excellence in sculpture. In art making, his style e volve d f rom t he neopointilist approach to a hybrid that shares an affinity with African or Austronesian tribal folk art albeit overflowing with Filipino flavor. The limner playfully uses colors, textures and shapes in a configuration evoking an intrinsic or native horror vacui sensibility. Larawan cherishes most the works of

Yayoi Kusama and Vincent Van Gogh. In this exhibit, Larawan’s diverse ideation concerns are held together by his theme of evolving as an artist. He would never limit himself to certain styles, but rather creates his own as he portrays his current sentiments—visions about his milieu. In “Journey to Paradise” and “Agila ng Tagumpay,” he makes a poetry of Filipinos’ penchant for achievement as they try either a better economy abroad or dream bigger in their hometowns. The limner’s “Tarsiers Playing the Tune of Dandansoy” is his way of reminding what should be preserved and nurtured. One should not be surprised that a culture advocate supports both the maverick and the conser vative in nationbuilding—the harbingers of holistic growth--as the artist limns “Tradition and Innovation”. In “Baclayon Church,” “Waiting”, “The Praying Child,” and “Moses, Aaron and Hur Before the Ama lek ites,” t he ar t ist highlights values worth nurturing; amid gadgets and cellular phones, we still need to connect with the Creator.It sets the climate

where one sees himself truly progressing and not caught in what an author exclaimed: “Without connection with a higher being, one either fails miserably or succeeds more miserably.” Art making in Larawan’s fourth solo is not just another stride of flight towards dreamland; it is the artist in fighting form.

Bunye... from page 4

industry means more jobs and more revenue not only for the national government but also for the communities, especially the indigenous communities, where the minerals are found. -Minerals are God-given. They are meant to be used. Just look at your cellphones, your cars and medical equipment. They are all made of metal. -Where is due process? The industry has not even received copies of the audit reports which are supposed to be the basis for Lopez’ order closing the mines. Lawyer Chris Monsod gives a “qualifed yes” to mining. In a public forum sponsored by Finex and PCCI some years back, he said he is open to mining provided

4 minimum condititions are met: -Environmental, social and economic costs are accounted for in evaluating mining projects. -The country gets a full and fair share of the value of the extracted resources. -The government must h av e t h e i n s t i t u t i o n a l capability to evaluate and regulate mining activities. -Since mining uses up non - re ne w abl e n atu r a l capital, the money from mining are specifically used to create new capital such as more developed human resources and infrastructure, particularly in the rural areas. Unfortunately, according to Monsod, these conditions are currently not being met. Difficult to do, yes. But impossible, no. Just look at the experiences of Australia, Indonesia, Canada, and Brazil. That said, closing the mines would be akin to using a shotgun to kill a fly. Closure of the mines would be drastic. It would be a cure worse than the disease. Note: You may email us at totingbunye2000@gmail. com. You may also “like” us on Facebook at “Speaking Out”.

Hurst...

BSP...

to be a good person, is not even close to our Maker’s standard of pure goodness. The only kind of goodness God can live together with is perfect, pure goodness of all our thoughts, motives, words, and actions 24 hours a day, 7 days a week. Think a Minute…

with BSP directive. “ These criteria are intended to incorporate the licensing process into BSP’s enforcement regime, anchored on good governance, sound risk management and effective controls system,” the BSP said. (PNA)

from page 4

from page 8

My Reaction on the Movie “Finland Phenomenon” (An Exposé on Finland’s Educational System)

By: JUNITO C. COMEROS Master Teacher I, Macabalan Elementary School

INTRODUCTION Finland Phenomenon i s s h o r t , t o - t h e - p o i nt documentary, presenting a cold Scandinavian country that has blown away worldwide education with a snowstorm of success. It is all about Finland’s extraordinary school system. It is a 60-minute film wherein Dr. Tony Wagner, a life-long educator and author of the best-selling book "The Global Achievement Gap”, guides the viewer through an inside look at the world's finest secondary education system. From within the classrooms and through inter views with students, teachers, parents, administrators and government officials, Dr. Wagner reveals the surprising factors accounting for Finland's rank as the number 1 education system in the world. BODY To be honest, mixed feelings enveloped my whole being after having seen the film. It was a mixed feeling of emotions since it was my very first time to have seen such a documentary about a country’s educational system. On one hand, I was very amazed. I was amazed because I have learned that in Finland there are no standardized tests. In fact, there is really very little testing at all. Finnish teachers are not monitored or rated based on test scores, and teachers (as well as their students) have a great deal of autonomy. It is a system built on trust, and the film really drives home the notion that trust leads to real results, leads to teachers and students

and members of government all wanting to live up to the trust given to them rather than simply scraping by. Their class sizes are small, students are rarely tested, the students are not in school for as many hours, there is no homework, they work on projects, oftentimes on their own, and almost half of secondary students can choose to take a vocational route. Teachers are well respected and paid average salaries; getting into teaching programs is competitive and once you are in, it would be very rigorous. Technology is used in every classroom. And perhaps the most amazing undercurrent throughout is that every Finn interviewed is speaking English, which is not even their primary language. The biggest focus of the film was this focus on TRUST. From top officials to administrators, many of the people interviewed in the film talked about the importance of being able to trust teachers and trust students. In one fantastic scene, Professor Wagner is interviewing a teacher as they both walk down the street. They are heading to school and the teacher’s class started an hour ago. He is confident that the students have been using this hour wisely, and when he arrives he finds an orderly classroom where all the students are diligently working on computers by themselves. Amazing, right? The film illustrated the extraordinar y effort the Finnish school system has placed in its vocational track. Fully 40% of Finnish

students forego the academic track to learn a skill in their high school years. And these are not under-funded shop classes, but rather high-tech, hands-on classrooms taught by industry professionals w h o are a l s o te a ch i ng professionals. More importantly, the film really highlighted the gap in vision between Finland and the United States. At the same time, it revealed a certain common ground that I think is important. Unlike the strict, uniform approach to education you might find in some other countries, Finland emphasizes a more free-wheeling, creative, and self-driven approach to teaching and learning. On the other hand, there is also this realization that I felt a bit pity for us Filipinos – pity that the choices available to me and to our future generation are not really the best choices comparing to Finland’s. Here in our country, no matter whether you attend a public or a private school, you are really bound to the modern testing regime. And if you’re poor you are very likely bound to end up in a not-so-good school, unless you are one of the lucky few that can manage to get into one of the really stellar competitive schools. In terms of b eing a teacher, there is a certain base-level of quality that every school is required to meet in Finland. Teachers are treated as professionals and teaching is an exclusive, competitive field. Ever y school is staffed by excellent teachers, and teaching is a profession that excellent people want to enter. Teaching is a very competitive career

wherein they have to finish their master’s degree and the rudiments of students teaching before they can apply for a teaching job. Finnish teachers follow a basic national curriculum, but are free to develop their own and use their own teaching methods. They also work as mentors with newer and student teachers. Very comprehensive and competitive, right? But how about here in the Philippines? I would give a big question mark on this. (Sigh). CONCLUSION I think Education in Finland is phenomenal because as what I have read in an article Finland is a phenomenally homogeneous countr y with a much better blend of capitalism and socialism than most other countries. That there aren’t immigrants there. That there are barely any students who don’t speak the language, and like all the Scandinavian countries, Finland has a more welfare-oriented state that has reduced rampant poverty. The entire film, and Finland’s success, can be summed up by the statistics that pop up onscreen every ten minutes or so. Finland does the best job of educating its populace. They can trust their students, and student outcomes were awesome.

Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 16, Tangub City OFFICE OF THE CLERK OF COURT AND EX-OFFICIO SHERIFF AMENDED NOTICE OF EXTRA-JUDICIAL SALE EJF-2016-004 Upon extra-Judicial petition for sale under Act 3135 as amended by Act 4118 filed by PSBANK CENTER, 777, PASEO DE ROXAS corner SedeÑo Street, Makati City against Michael Glenn Tumamak and Sheila S. Tumamak to satisfy the mortgage indebtedness which as of November 23, 2016 amounts to Six Hundred Twenty Three Thousand Four Hundred Thirty Five Pesos and 49/100 Only (Php 623,435.49) excluding interest, attorney’s fees, and other lawful fees for the service of foreclosure, the undersigned Sheriff will sell at public auction on March 08, 2017 at 10:00 o’clock in the morning or soon thereafter at the office of the Clerk of Court, Regional Trial Court, Br. 16, Tangub City, to the highest bidder in cash, Philippine Currency the herein mortgage properties to wit: TRANSFER CERTIFICATE OF TITLE No. T-14911 ‘’Lot 2275-D-2-B, Psd-10-040954: Portion of Lot 2275-D-2, (LRC) Psd-66349, situated at Digson, Bonifacio Misamis Occidental, Island of Minadanao. Bounded on the NE., along line 1-2 by lot 2275-D-6, (LRC), Psd-66349, on the E., along line 2-3 By Existing Road Lot 2275-G LRC) Psd-50583, on the SW., along line 3-4 by Lot 2275-D-1 (LRC) Psd66349, on the W., along line 4-1 by Lot 2275-D-2-A, Psd-10-040954. Containing an area of THREE HUNDRED (300) Square meters more or less. All sealed bids must be submitted to the undersigned on the above stated time, date and place of auction sale. In the event that the public auction should not take place on said date or there is only one bidder, it shall be held on March 10, 2017 at the same time & place without further notice. Bidders are enjoined to investigate for themselves any encumbrance on the herein property if any there be.

February 8, 2017, at Tangub City, Philippines.

FOR THE EX-OFFICIO SHERIFF.

By: (SGD.) WILLIAM C. ARANIEGO Sheriff IV BWM: Feb. 13, 20 & 27, 2017

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Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City

WILLIAM P. LUMINTON CASE NO. 2017-10-081 Applicant/s (2012-10-0286)

JERRY D. ACLON CASE NO. 2017-10-089 Applicant/s (2013-10-1914)

MERILYN O. DUGUIMOL CASE NO. 2017-10-095 Applicant/s (2015-10-1395)

NOTICE OF HEARING

APPLICANT(s)/PETITIONER(s) request/s authority to extend the validity of certificate of public convenience to operate PUJ service on the line ;Kisolon to Kibawe via Lantapan –Cabanglasan and vice versa with the use of one(1)units. This application/petition shall be considered by this Board on March 6, 2017, at 10;00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence. The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies). FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 24th day of February 2017 at Cagayan de Oro City

APPLICANT(s)/PETITIONER(s) request/s authority To extend the validity of certificate of public convenience with Substitution and Amendment of Route to operate PUJ service on the line ;Malaybalay City to Kibawe via Cabanglasan and vice versa with the use of one(1)units. This application/petition shall be considered by this Board on March 6, 2017, at 10; 00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence. The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies). FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 24th day of February at Cagayan de Oro City, Philippines.

APPLICANT(s)/PETITIONER(s) request/s authority To Extend the validity of Certificate of public convenience with Substitution and Amendment of Route to operate PUJ service on the line ;Kisolon to Malaybalay –Valencia –Don Carlos Kibawe via Apo Nacote and vice versa with the use of one(1)units. This application/petition shall be considered by this Board on March 6, 2017 at 10;00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence. The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies). FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 24th day of February 2017 at Cagayan de Oro City, Philippines.

APPLICANT(s)/PETITIONER(s) request/s authority To extend the validity a Certificate of Public Convenience to operate TH FREIGHT service on the line;Within Cagayan de Oro City and from said place to any point in Region X and vice versa with the use of One(1)units. This application/petition shall be considered by this Board on March 6, 2017 at 10;00 P.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence. The Applicant(s)Petitioner (s)shall publish said notice at least TEN(10) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies). FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 24th day February 2017 at Cagayan de Oro City, Philippines.

APPLICANT(s)/PETITIONER(s) request/s authority To extend the validity of a certificate of public convenience to operate PUJ DUAL service on the line ;Cagayan de Oro City to Malaybalay City –Valencia City –Damulog-Laligan –Lilingayon –Tongan-Tongan Bukidnon and as for cargoes from said place to any point in Region X and vice versa with the use of one(1)units. This application/petition shall be considered by this Board on March 6, 2017, at 10;00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence. The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies). FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 24th of February 2017 at Cagayan de Oro City, Philippines.

(Sgd.) AMINODEN D. GURO OIC Regional Director

bwm: Feb 27, 2017

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City OLIVER T. GAM Applicant/s

CASE NO. 2017-10-283 (2012-10-950)

bwm: Feb 27, 2017

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City CHOLITA D. LEMM CASE NO. 2017-10-354 Applicants (2012-10-0570)

(Sgd.) AMINODEN D. GURO OIC Regional Director

bwm: Feb 27, 2017

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City

XENAIDA K. DANGILAN CASE NO. 2017-10-355 Applicant/s (2012-10-754)

LUISITO BARCELON CASE NO.2017-10-356 Applicant/s (2012-10-1600)

NOBTSCO/DELFINA SABELTINA CASE NO. 2017-10-357 Applicant/s 2012-10-140)

NOBTSCO/SEVERINO PAJE CASE NO. 2017-10-358 Applicant/s (2011-10-1655)

MELITON G. PACUBAS CASE NO. 2017-10-359 Applicant/s (2012-10-0263)

ELSENOR B. MERCURIO CASE NO. 2017-10-360 Applicant/s (2012-10-972)

NOTICE OF HEARING

APPLICANT(s)/PETITIONER(s) request/s authority to Extend of validity of certificate of public convenience to operate PUJ DUAL service on the line;Cagayan de Oro City to Kibawe- Valencia City via Basak Bukidnon as for cargoes from said place to any point in Region X and vice versa with the use of ONE(1)units. This application/petition shall be considered by this Board on March 6, 2017 at 10;00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence. The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies). FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 24th day of February 2017at Cagayan de Oro City, Philippines.

APPLICANT(s)/PETITIONER(s) request/s authority To Extend the validity of certificate of public convenience to operate PUJ/FILCAB service on the line;Kisolon to Kibawe –Malaybalay City-Valencia City via Lantapan and vice versa with the use of ONE(1) units. This application/petition shall be considered by this Board on March 6, 2017, at 10;00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence. The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies). FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 24th day of February 2017 at Cagayan de Oro City, Philippines.

APPLICANT(s)/PETITIONER(s) request/s authority To extend the validity of certificate of public convenience to operate PUJ Service on the line ;Cagayan de Oro City to Kibawe –Manolo Fortich Bukidnon and as for cargoes from said place to any point in Region X and vice versa with the use of one(1)units. This application/petition shall be considered by this Board on March 6, 2017 at 10;00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence. The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies). FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 24th day of February 2017 at Cagayan de Oro City, Philippines.

APPLICANT(s)/PETITIONER(s) request/s authority To extend the validity of a certificate of public convenience to operate PUJ service on the line;Cagayan de Oro City to Kibawe –Malaybalay City –Valencia City via Maligaya and vice versa with the use of ONE(1)units. This application/petition shall be considered by this Board on March 6, 2017, at 10;00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence. The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies). FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 24th day of February 2017 at Cagayan de Oro City, Philippines.

APPLICANT(s)/PETITIONER(s) request/s authority to extend the validity a certificate of public convenience to operate PUJ/FILCAB service on the line ;Kisolon to Maramag Bukidnon and vice versa with the use of ONE(1)units. This application/petition shall be considered by this Board on March 6, 2017 at 10;00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence. The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies). FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 24th day of February 2017 at Cagayan de Oro City, Philippines.

APPLICANT(s)/PETITIONER(s) request/s authority To Extend the validity a certificate of public convenience to operate PUJ/FILCAB Service on the line; Kisolon to Malaybalay City –Valencia City –Maramag via Apo Macote –Cabanglasan and vice versa with the use of one(1)units. This application/petition shall be considered by this Board on March 6, 2017 at 10;00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence. The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies). FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 24th day of February 2017 at Cagayan de Oro City, Philippines.

(Sgd.) AMINODEN D. GURO OIC Regional Director

bwm: Feb 27, 2017

(Sgd.) AMINODEN D. GURO OIC Regional Director bwm: Feb 27, 2017

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City

ROSALINA PAJARDO CASE NO. 2017-10-361 Applicant/s (2007-10-121)

MEDY B. PAJALLA CASE NO. 2017-10-362 Applicant/s (2012-10-279)

FELY M. GALLARDO CASE NO. 2017-10-363 Applicant/s (2012-10-0674)

EMILIANO M. VELOS JR. CASE NO. 2017-10-364 Applicant/s (2012-10-492)

CARLOS A. COMILANG CASE NO. 2017-10-365 Applicant/s (2012-10-230)

NOTICE OF HEARING

APPLICANT(s)/PETITIONER(s) request/s authority to extend the validity a certificate of public convenience to operate PUJ service on the line ;Kibawe to Malaybalay City –Quezon Bukidnon and vice versa with the use of one(1)units. This application/petition shall be considered by this Board on March 6, 2017 at 10;00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence. The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies). FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 24th day of February 2017 at Cagayan de Oro City. Philippine.

APPLICANT(s)/PETITIONER(s) request/s authority to extend the validity a certificate of public convenience to operate PUJ/FILCAB service on the line ;Kisolon to Kibawe –Malaybalay City –Valencia City-Apo Macote –Lantapan via Cabanglasan and vice versa with the use of one(1)units. This application/petition shall be considered by this Board on March 6, 2017 at 10;00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence. The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies). FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 24th day of February 2017 at Cagayan de Oro City, Philippines.

APPLICANT(s)/PETITIONER(s) request/s authority To extend the validity a certificate of public convenience to operate PUJ/FILCAB service on the line ;Malaybalay City to Valencia City –Maramag (all in Bukidnon)and vice versa with the use of one(1)units. This application/petition shal be consideredby this Board on March 6, 2017 at 10;00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence. The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies). FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 24th day of February 2017 at Cagayan de Oro City,Philippines.

APPLICANT(s)PETITIONER(s) request authority To extend the validity of certificate of public convenience to operate PUJ/FILCAB service on the line ;Kisolon to Impasug-ong –Malaybalay City –Valencia City –Musuan via Kubayan and vice versa with the use of one(1)UNITS . This application/petition shall be considered by this Board on March 6, 2017 at 10;00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence. The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies). FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 24th day of February 2017 at Cagayan de Oro City

APPLICANT(s)PETITIONER(s) request authority To extend the validity of certificate of public Convenience to operate PUJ/ FILCAB service on the line ;Kisolon to Malaybalay Bukidnon and vice versa with the use of one(1)units . This petition shall be considered by this Board on March 6, 2017 at 10;00 A.M. at this Board on which date Applicant/(s) Petitioner(s) shall formally submit his/her/their evidence. The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies). FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 24th day of February 2017 at Cagayan de Oro City, Philippines.

APPLICANT(s)PETITIONER(s) request To extend the Validity of Certificate of Public Convenience to operate PUJ/FILCAB service on the line ;Kisolon to Kibawe –Lantapan via Cabanglasan and vice versa with the use of one(1)units This Application/petition shall be considered by this Board on March 6, 2017 at 10;00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence. The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(ies)opposed to the approval /granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/ her/their oral testimony(ies). FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 24th day of February 2017 at Cagayan de Oro City, Philippines.

(Sgd.) AMINODEN D. GURO OIC Regional Director

bwm: Feb 27, 2017

(Sgd.) AMINODEN D. GURO OIC Regional Director

bwm: Feb 27, 2017

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No.10, Apovel, Bulua, Cagayan de Oro City MA. TOTCHE UBA Applicant/s

CASE NO. 2017-10-366 (2012-10-042)

(Sgd.) AMINODEN D. GURO OIC Regional Director bwm: Feb 27, 2017

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monday|February 27, 2017

Port... from page 1

“The additional harbor pilot position is due to the exigencies of the service and to cope with the increasing number of vessels calling at the ports within the jurisdiction of PMO (port management office) Misamis Oriental/Cagayan de Oro and in anticipation of the infrastructure and economic developments thereat,” AO No. 02-2017 states. T h is is pursu ant to Section 7 of PPA AO No. 03-85, entitled “Rules and R egu lat ions G over ning Pilotage Services, the Conduct of Pilots and Pilotage Fees in Philippine Ports,” as amended by PPA AO No. 01-95, or the “Increase in the Authorized Number of Harbor Pilot Positions in All Pilotage Districts.” Under AO No. 01-95, the number of pilots in a pilotage district may be increased or reduced based on the need for their service. The PPA will appoint new harbor pilots through the general manager once it determines the need for them. This will depend on the shipping traffic; how prompt the pilots are to render service; factors that slow down pilotage service; port infrastructure and shipping developments within the whole pilotage district; and views of shipping lines and pilot associations. Data from PPA showed that shipping traffic in PMO Misamis Oriental was 15,379 in 2015. For the first three quarters of 2015, shipping traffic at PMO Misamis Oriental/Cagayan de Oro was already 12,240 vessels. The Maritime Industry Authority conducts the harbor pilot examination and issuance of licenses every quarter of the year.

Rejects... from page 1

instead raise the prices of several consumer goods and hinder economic growth. The House Ways and Means committee recently said it wants to adopt HB No. 292 as part of the tax reform plan. BIAP in its talk said that research findings indicated that compared to consumers in other countries, Filipinos are not over-consuming SSBs. "This is due to the smaller package size and less frequent consumption by Filipinos," it said. It referred to statistics from the World Health Publication Notice

Organization (WHO) released in 2015 showing that out of 192 countries in the world obesity index, the Philippines only ranked 155th. "Furthermore, it is not in the higher tier of the Asian countries," it said. The association also said that obesity has many causes besides eating too much sugar. It pointed to the Philippine Food and Nutrition Research Institute's 2013 National Nutrition Survey that indicated that "declining sugar consumption amidst the rise in overweight/obesity and diabetes prevalence shows that some other type of food are causing the spike in these diseases." The proposed tax is also predicted to raise the prices of consumer goods and to ultimately "have the most impact on the poor and poorest segments," BIAP stated. As an example, it cited recent studies showing that instant coffee would see a price increase of 48.41% after an excise tax of P10 per liter is imposed, raising the price of a sachet of coffee from today's P5 to P8. Powdered concentrate will go up in price by 108.61%, or from P9 per sachet to P19, while prices of tea drinks will jump 52.48%, going from the current P20 to reach P30 per bottle. On the impact of the tax proposal on the national economy, BIAP said that besides hurting the beverage industr y, "the proposed tax will result in reduced government revenues, economic contraction, and job losses." Drawing on 2016 statistics from the University of Asia and the Pacific Economic Impact Study (2016) and AC Nielsen Data, it said the proposed tax would affect the income of sari-sari stores, which make up 91% of retail stores in the country, as 31% of sari-sari store sales come from carbonated beverages. BIAP likewise indicated a possible decline of about P20 billion in sales of SSBs and a P51 billion drop in the revenue of related industries. As a result, 39,000 direct and indirect jobs might be affected, and a 1.5% increase in unemployment is anticipated. Meanwhile, there is foreseen a P30 billion loss in government revenue from VAT and corporate income tax as well as P63 billion in total loss to the Philippine economy. BIA P c a l l e d on t h e government to par tner

from page 1

Despite the damages, the port, which is predominantly used by domestic shipping lines with self-sustaining vessels, is still open, although with limited operations, according to PPA. T h e C i v i l Av i a t i o n Authority of the Philippines (CAAP) has sent engineers to Surigao airport to conduct a detailed assessment of facilities and fast track repairs. CAAP, on February 13, said they are unsure when the airport can resume operations as it will take time to assess the damage. Due to the NOTAM, airlines have suspended flights to Surigao airport. Cebu Pacific, announced that flights to and from Surigao are suspended from February 11 to March 10. Philippine Airlines, meanwhile, has cancelled its flights until March 11. Passengers may rebook and take the ManilaButuan, Manila-Cagayan, and Manila-Davao flights for free, PAL said. A f fe c t e d p a s s e nge r s may be accommodated via mounted C ebu-ButuanCebu flights, or rebook or reroute without penalties to alternative stations for travel within 30 days of original departure date, or opt for a full refund or travel fund. Port damage According to the PPA report on the port of Surigao, the backup area and wharf showed heavy damage with a two- to three-inch gap between the alignment of steel gratings. All beams connecting the R.C. (reinforced concrete) pier along berth 3 were severely damaged. The passenger bui lding had mo derate damage with visible large cracks and damaged floor tiles, while the roofing system of the cargo shed was severely damaged, with large debris coming from the columns. The terminal port of Lipata also had impairments to its backup and wharf, passenger terminal building, utilities, and other concrete

Projects... from page 3

sales. The next leading sales driver was t he business motorcycle category, which accounted for 32 percent of total motorcycle sales at 368,270 units. Meanwhile, the 274,104 u nit sa les of automat ic transmission posted the highest growth among the categories, with 51% increase from 2015. The robust in the category sales contributed greatly with the total sales in 2016. Positive outlook for the motorcycle industry in 2017 Banking on a remarkable year in 2016, MDPPA is upbeat and sees a positive outlook for the motorcycle industry in 2017. The group is optimistic about replicating, if not surpassing, its 2016 sales growth this year with a conservative target of 12 to 15 percent uptick. M DPPA c re d it s t h e local motorcycle industry’s 2016 growth to an increase in private consumption, prevalent use of mopeds for pers ona l pu r pos e s , introduction of new models, higher foreign exchange rates and remittances, and traffic congestion in metropolitan areas. The same factors will continue to fuel the industry’s performance this year. M D P PA’s 2016 performance has definitely set the momentum for hitting an even higher sales mark this year. MDPPA expects motorcycle sales to accelerate along with increasing demand for mobility especially in major cities.

NOTICE OF PUBLICATION

NOTICE TO THE PUBLIC Date: February 24, 2017

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 RUSSEL P. PAGALAN has filed with this Office, a petition for change of first name from ‘’ROSAL’’ to ‘’RUSSEL’’ and correction of entry in sex from ‘’ ‘’ to ‘’ ‘’ or correction of entry in the date of birth from ‘’ ‘’ to ‘’’ ‘’ in the certificate of live birth of ROSAL PANTANOSAS PAGALAN at Initao, Misamis Oriental and whose parents are PEDRO D. PAGALAN and ANATALIA G. PANTANOSAS. Any person adversely affected by said petition may file his written opposition with this Office not later than March 17, 2017. BWM: Feb. 27 & Mar. 6, 2017

Closed...

pavement. The backup area and wharf reflected serious damage, while the passenger terminal building had slight to moderate damage. The estimated cost of repairing the baseport is P96 million, while another P65.5 million will be needed for repairs at Lipata port. Meanwhile, the Philippine Coast Guard (PCG) dispatched a search-and-rescue vessel from Cebu to deliver clean drinking water to affected areas in Surigao. Around 150 PCG personnel were also mobilized to augment government operations in Surigao. PCG assets in Surigao include one vessel, five a luminum b o ats, t hre e trucks, and one vehicle. It has sent 33 personnel to help with repacking relief goods at the Surigao City Hall.

Republic of the Philippines Province of Misamis Orietal CAGAYAN DE ORO CITY

Republic of the Philippines Province of Misamis Oriental Municipality of Initao -oOo-

CFN – 0001-2017

with the business sector and validate the industry's position using independent sources, and sought for greater involvement of other stakeholders in consultations, including franchisers, sugar millers, food manufacturers, retailers, hotel and restaurant op erators, and gro cer y and supermarket owners. (PhilExport)

(SGD.) ISAIAS A. JARALES Municipal Civil Registrar

In compliance with Section 5 of R.A. No. 9048, a Notice is hereby served to the public that GLADY MAE B. CARDINES has filed with this office, a petition for Change of first name from GLADY to GLADY MAE in the certificate of live birth of GLADY GUIDABEN BAGAJO who was born on May 15,1977 in CAGAYAN DE ORO CITY and whose parents are BABILAS MAANDIG BAGAJO and ISA BELITA MADRAZO GUIDABEN. Any person adversely affected by said petition may file his written opposition with this Office not later February 27, 2017. BWM: Feb. 20 & 27, 2017

(Sgd.) NORMA S. DIPUTADO Municipal Civil Registrar

Protection... from page 2

in the program),” Deputy Director Atty Jonathan Villasoto explained. He a d d e d t h at t h e compulsory members of Social Security System (SSS) including seafarers are included in the ECP, however, voluntary and self-employed members are excluded. All Government Service Insurance System (GSIS) members as well as the uniformed personnel such as the Armed Forces of the Philippines, (AFP), Philippine National Police (PNP), Bureau of Fire Protection (BFP) and Bureau of Jail Management and Penology (BJMP) are also covered in the ECP. “Compared sa GSIS, SSS at PhilHealth hindi ito salary deducted (Compared to GSIS, SSS and PhilHealth, ECP is not salary deducted),” Villasoto said as he noted that the contributions of the members must come from the employers. For a covered employee in the private sector, the employers shall remit to the SSS a monthly contribution in accordance with the range of compensation and for the covered employee in the public sector, the employer shall remit to the GSIS a monthly contribution of 100 per employee a month. To campaign not only on the three components of ECP namely prevention, compensation and rehabilitation, Banawis stressed that they are also focusing on the recent ECP reforms anchored on the “3Es” – Equalize, Enhance and Expand EC benefits to improve the ECP. Thus, they are conducting the advocacy seminar on a monthly basis to heighten the awareness of the public regarding the program. The ECC expects more than 100 participants composed mostly of employers, human resource officers and company representatives of various establishments and government agencies including members of the AFP, PNP, BFP and BJMP from the precincts or stations in Valencia City. (RTP/PIA10)

DICT... from page 2

national government agencies in the countr y through fiber optic cable (FC) network—has a pilot project in Cebu City connecting 15 agencies EXTRAJUDICIAL SETTLEMENT AMONG HEIRS Notice is hereby given that the intestate estate of the late GERVACIA DUMILI CABRERA which property described as follows: Lot 3130-A, (LRC) Psd-281713, covered by TCT No. T-8,641, containing an area of SIX HUNDRED (600) SQ. M. and Lot 3129-A-5, Psd-12122800, covered by TCT No. CLOA-12,817, containing an area of FIFTEEN THOUSAND SIX HUNDRED SIX (15,606) SQ. M. are the subject of an EXTRAJUDICIAL SETTLEMENT AMONG HEIRS under Notary Public ATTY. DOROTHEA S. BASALO per Doc. No. 127; Page No. 26; Book No. LXXXIII; Series of 2017. BWM: Feb. 27, Mar. 6 & 13, 2017

11 and in the National Capital Region including Manila, Quezon City, Pasay, Pasig and Taguig conne c t ing 160 national government agencies. T h e s u c c e s s of t h i s pilot project paved the way to implementing it in the regional level dubbed “Regional GovNet.” The Regional GovNet Phase 1 project involves Tu g u e g a r a o , I l o i l o , Pampanga, Baguio, Legaspi, Pa lo-L e yte and Butu an with a total of 317 agencies connected. A second phase is being developed for 2017. DICT is consulting eight regions that will be included in Regional GovNet Phase II to include La Union, Batangas, Cebu, Zamboanga, Cagayan de Oro, Davao, Cotabato and Marawi City with the aim of connecting 485 agencies. (EOR/PIA10) EXTRA-JUDICIAL SETTLEMENT AND PARTITION OF REAL ESTATE Notice is hereby given that the intestate estate of the deceased PRIMITIVO BALINGIT, died intestate in Opol Misamis Oriental on May 10, 2002, leaving no will nor debts settled to date but leaving a parcel of land situated in Poblacion, Opol Misamis Oriental more particularly described as follows: TRANSFER CERTIFICATE OF TITLE NO. T-38645 ‘’A PARCEL OF LAND (Lot 4662 of the Cadastral Survey of Cagayan), situated in the Barrio of POblacion, Municipality of Opol, Province of Misamis Oriental, Island of Mindanao. Containing an area of SIX HUNDRED THIRTEEN (613) sq. meters or less. Is the subject of EXTRA-JUDICIAL SETTLEMENT AND PARTITION OF REAL ESTATE; Whereas, at the time of his death, he left as forced heirs, the following and to wit: MARILYN B. PONITAO, married, of legal age, Filipino citizen and a resident of Poblacion, Opol Misamis Oriental; AVIE B. BELARMINO, married, of legal age, Filipino citizen and a resident of Poblacion, Opol Misamis Oriental; ROLAN V. BALINGIT, married of legal age, Filipino citizen and a resident of Poblacion, Opol Misamis Oriental; JORALOU B. TOBIAS, married, of legal age, Filipino citizen and a resident of Poblacion, Opol Misamis Oriental; LORNA B. SAGAAD, married, of legal age, Filipino and a resident of Poblacion, Opol Misamis Oriental, represented by Heir MARINYL B. PONITAO; RIA V. BALINGIT, single, of legal age, Filipino and a resident of Poblacion, Opol Misamis Oriental, represented by Heir MARINYL B. PONITAO ;NORY V. BALINGIT, single, of legal age, Filipino and a resident of Poblacion, Opol Misamis Oriental, represented by Heir MARINYL B. PONITAO; Whereas, the abovenamed are all his legal heirs by reason of the fact that they are all his legitimate children and who are supposed to inherit by way of intestate succession; Whereas, in view of the above facts and circumstances, they are therefore co-owners of the above described property and to terminate co-ownership over the same, the parties hereby adjudicate over the same in pro-indiviso sharing pursuant to Section 1, Rule 74 of the Rules of Court of the Philippines, subject to the liabilities imposed by Section 4, of the same Rule; Under Notary Public of Atty. LYNN AMOR L. PACLAR-PANULAYA; Doc. No. 399; Page No. 80; Book No. XXXII; Series of 2016. BWM: Feb. 20, 27 & Mar. 6, 2017

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