BusinessWeek Mindanao (February 28, 2018)

BusinessWeek M I N DA N A O CREDIBLE

Volume VIII, No. 118

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Briefly New Tandag bishop A CAGAYAN de Oro priest was appointed by Pope Francis as new bishop of Tandag in Surigao de Sur province.

According to an article posted on the Catholic Bishops’ Conference of the Philippines (CBCP) news website, Fr. Raul Dael will be the third bishop of the diocese and will succeed Bishop Nereo Odchimar, 77. He is from Jasa-an in Misamis Oriental.

Prior to his appointment, the bishop-elect has been serving as the Vicar for the Clergy of the Archdiocese of Cagayan de Oro. Odchimar, former CBCP president, is set to retire having passed the age limit of 75. He has served the diocese for almost 17 years.

IN-DEPTH

Wednesday | February 28, 2018

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By JIGGER JERUSALEM, PNA

MID the failure of se veral insurance companies to maintain higher net worth requirement, an international insurance firm has assured that it is financially stable and capable of sustaining operations as it expands presence in Mindanao.

Good governance COTABATO City -- The Department of the Interior and Local Government in the Autonomous Region in Muslim Mindanao (DILG-ARMM) handed over Friday a P2-million Performance Challenge Fund to 27 local government units across the region chosen as last year’s recipients of the Seal of Good Local Governance.

The awardees were the local governments of Buldon, Barira, Matanog, Parang, Sultan Kudarat, Sultan Mastura, Mother Kabuntalan, Datu Paglas, Raja Buayan, Gen. SK Pendatun, Datu Abdullah Sangki and Upi in Maguindanao, Maluso, Sumisip and Lamitan City in Basilan, Jolo and Talipao in Sulu, Piagapo, Kapatagan and Calanogas in Lanao del Sur. The town executives ,who each received the P2 million cheque, said the award was clear proof that local government operations were moving according to national standards, as recognized by the DILG.

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Insurance firm expands, vows financial stability A www.businessweekmindanao.com

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CAMIGUIN ISLAND. A boatman steers his boat off the shore of Camiguin Island. Mt. Hibok-hibok, an active volcano, is in the background. mindanews photo by froilan gallardo

PRDP backs Mindanao growers with nearly P400-M projects

Track record and longevity in the business are one of Allianz PNB Life Insurance’s advantages as it branches out in Mindanao, said the firm’s regional business manager for Mindanao Noel Berdeprado.

According to the Insurance Commission, among those that ceased operations and gave up their business licenses are six non-life companies, namely, Centennial Guarantee Assurance Corp., FLT Prime Insurance Corp., Manila Surety and Fidelity Co. Inc., Meridian Assurance Corp., Solid Guaranty Inc. and

United Insurance Co. Inc. A life insurance firm, CAP Life Insurance Corp. also surrendered its license to engage in said business, the Insurance Commission added.

In its Feb. 15 advisory, Insurance Commissioner Dennis Funa has also warned companies who are practicing “u n s afe an d u n s ou n d” practices.

These gloomy developments have not discouraged Allianz PNB from putting up branches in expands/PAGE 11

By CARMELITO Q. FRANCISCO, Correspondent

DAVAO City— Funding worth P398.63 million from the Philippine Rural Development Project (PRDP)

has been allocated for 84 enterprise projects covering 15 commodities growers/PAGE 11

42 studes qualify in first leg of 2018 MDN Journalism Awards

By MARK FRANCISCO, Staff Writer

A TOTAL of 42 junior high and college students from 11 schools in Cagayan de Oro City and Misamis Oriental participated in the first leg of the 2018 Mindanao Daily News

Journalism Awards last Monday at Phinma-COC Auditorium.

The participating schools are Liceo de Cagayan University, Opol qualify/PAGE 11

FUTURE JOURNALISTS. Forty-two junior high and college students from Cagayan de Oro City and Misamis Oriental have made it in the qualifying round of this year’s edition of the Mindanao Daily News Journalism Awards held Monday at the Phinma-COC Auditorium in Cagayan de Oro City. photo by mark francisco

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Economy

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Wednesday|february 28, 2018

GO NEGOSYO veggie model farm reaps success

M

ARAWI City — To promote agripreneurship, the GO NEGOSYO model farm in Brgy. Linamon in the municipality of Ditsaan-Ramain, Lanao del Sur, held its first harvest festival dubbed “Pakaradian ko Ragonan” on 22 February 2018.

Around 350 internallydisplaced persons (IDPs) and host farmers from the municipalities of DitsaanRamain and Bubong took part in the project.

The GO NEGOSYO vegetable model farm was conceived to augment food supply and provide livelihood venture to IDPs and host farmers. It also served as a learning venue on the technology

of organic vegetable production.

Ginggay HontiverosMalvar, GO NEGOSYO Project Head, along with officials from the Provincial Government, Local Government of Ditsaan-Ramain and Bubong, Department of Agriculture (DA) -Lanao del Sur Office, and other stakeholders attended the festival.

The GO NEGOSYO Project Head is optimistic that the project can take farmers economically further as evidenced by their bountiful harvest of assorted vegetables like varied cucurbits (squash, melons, musk and honeydew), and lowland and upland vegetables.

During the ceremony, Mayor Saidamen Adiong, of Ditsaan-Ramain as well as other sectoral representatives, pledged their continuing support to the project.

DA Provincial Agricultural Officer Pangalian Balindong, Jr., on the other hand, committed to extend all the needed technical assistance to the beneficiaries to sustain the gains they are currently reaping.

With the success of the first run of the model farm, stakeholders are hopeful the project could become a springboard for agripreneurship among farmers in the province.

(DA-LDS/PIA-10)

Junior high school students from ten schools in Cagayan de Oro City join in a quiz bowl organized by the Xavier University Mathematics Society last February 24 at Ororama in Cagayan de Oro City. photo by mark francisco

DBM-X orients regional agency heads on 2019 budget preparation

By APIPA P. BAGUMBARAN, Contributor

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THE Department of Budget and Management Regional Office 10 conducted an orientation on the execution of the 2018 budget and the preparation of 2019 budget on February 26.

DBM Regional Director Annabelle M. Atillo said the meeting was aimed to inform agency heads on budget reforms, particularly on the use of annual cash-based appropriations.

The budget for 2019 will be cash-based as stipulated in the Budget Memorandum N0. 129

which means that agencies can only incur contractual obligations and disburse payments for goods delivered and services rendered and inspected within the fiscal year, with an extended payment period of three months.

Thus, payments of obligations should be settled within the fiscal year of the budget.

Contracts awarded at the end of the year can be paid during the three-month extended period.

According to DBM-X, the shift will ensure that agencies focus on

implementing the budget of the current fiscal year instead of the prior years. It will also quicken program delivery and strengthen accountability of government as the target outputs of government programs are clearly linked to their appropriated budget.

Director Atillo said the shift will further encourage agencies to strengthen their planning so that no residual projects will remain unimplemented at the end of the budget year. budget/PAGE 11

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

CorporateWorld 3 Aboitiz Group’s new unit inks partnership deal with Anti-trust body approves Japan-based Weathernews SMC Global Power deals Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Wednesday|february 28, 2018

WEATHER SOLUTIONS, Inc., a newly created unit of the Aboitiz Group, is partnering with Japanbased Weathernews, Inc. (WNI) for the delivery of hyperlocal weather information to Philippine businesses.

In a statement released over the weekend, Weather Solutions said it signed a memorandum of understanding with WNI, which will allow the companies to collaborate on various areas such as providing training for meteorologists, consumer

services, and new tools.

Weather Solutions, described as the country’s first weather-centric social enterprise, provides available historical and real-time weather data, forecasting, and consultancy to companies across different industries.

WNI, the world’s largest private weather service company, has over 30 years of experience, technology and operating systems that “can help local businesses interpret how weather data can aboitiz/PAGE 11

T

HE Philippine Competition Commission (PCC) sees no anticompetitive behavior in SMC Global Power Holdings, Inc.’s purchase of shares in MasinAES Pte. Ltd., AES Transpower Pte. Ltd., and AES Philippines, Inc. In a statement Monday, PCC said its Merger and Acquisition Office (MAO) has approved last Friday the acquisition deals made

by SMC Global.

Under the transaction, SMC Global will hold 100-percent ownership in Masin-AES Phil, AES Transpower, and AES Philippines.

“There remains sufficient competitive restraints from competitors in the relevant markets after the acquisition,” the PCC ruling read.

“The transaction is not likely to substantially increase the likelihood

that the parties will engage in a coordinated behavior,” it noted.

SMC Global portfolio in the relevant market include Sual Power Plant in Sual, Pangasinan; San Roque Hydroelectric Multipurpose Power Project in San Manuel, Pangasinan; Ilijan Power Plant in Ilijan, Batangas; Limay Greenfield Clean Coal Plant in Limay, Bataan; Angat Hydroelectric Power Plant in Angat, Bulacan; and

Greenfield Powerplants in Malita, Davao del Sur and Limay, Bataan.

Under the Philippine Competition Act, business transactions hitting the PHP1-billion threshold shall notify the PCC of the deal.

As of Feb.21, the Commission received 151 notifications amounting to PHP2.25 trillion, nearly PHP246 billion of which were in the sector of electricity, gas, steam and air-conditioning. (PNA)

Alsons unit asks DoE chief to intervene as NGCP continues to ignore request A UNIT of the Alcantaraled Alsons Consolidated Resources, Inc. has asked the Department of Energy (DoE) secretary to intervene in its request to connect the second phase of its Sarangani power plant to the grid operator’s substation, in a move that it claims to have an impact on three million people in Mindanao.

In a letter to Energy Secretary Alfonso G. Cusi dated Feb. 20, 2018, the chief executive officer of Sarangani Energy Corp. (SEC) accused

privately owned National Grid Corporation of the Philippines (NGCP) of abusing its position as system operator for not acting on the power developer’s request.

“NGCP’s inaction on SEC’s request is an abuse of its position as the transmission grid operator and in violation of its mandate as a franchised public utility,” SEC CEO Tirso G. Santillan Jr. said in the letter.

“SEC has been requesting NGCP… that it be allowed to install the

necessary facilities in the NGCP Klinan Substation to connect Phase II to the grid. Unfortunately, the request has been pending with NGCP for 15 months already. This has severe consequences not just on SEC but also on its customer distribution utilities who have considered the Phase II supply in their supply projections,” he added.

NGCP did not immediately respond to a request for comment on the issue.

SEC is currently

constructing the second 105-megawatt (MW) of its 210-MW circulating fluidized bed coal-fired power plant in Maasim, Sarangani province. It targets to start commercial operations by Jan. 15, 2019.

“In order to meet its timetable, SEC has to ensure that every aspect of Phase II’s project is completed on time, including the completion of the connection to the grid,” Mr. Santillan said.

The SEC official said the timely installation of

the necessary facilities at Klinan substation is needed in order to meet the deadline. He noted the necessary assets should be operational by May 15, 2018 to enable SEC to accomplish the commissioning stage of the second phase, including various commercial operation tests.

Mr. Santillan said the request has not been granted “despite our compliance with all applicable rules and regulations and repeated requests for action on the

part of NGCP.” He warned SEC’s customers would suffer “considerable power shortages” if supply from the second unit is delayed.

SEC is contracted to supply a total of 105 MW to Mindanao distribution utilities, namely: Cagayan Electric Power and Light Co., Inc.; Cotabato Electric Cooperative, Inc.; Davao del Sur Electric Cooperative, Inc.; Iligan Light and Power, Inc.; South Cotabato I Electric Cooperative, Inc.; and ngcp/PAGE 11

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Opinion

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Wednesday|february 28, 2018

People power garbage, February 25, 2018 Kakampi mo ang batas

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Two days to never worry about think a minute

jhan tiafau hurst Think a minute…Did you know there are 2 days you never need to worry about?

The first day is yesterday. It’s simply impossible to change the past. Yesterday is gone… forever. There is nothing any of us can do to bring it back, especially by worrying about it. So whatever mistakes, problems, or hurts we had yesterday, we’ve got to stop worrying about them. We cannot undo what’s already done, nor take back what we’ve already said, only ask forgiveness. Hopefully we learn our lessons from yesterday’s mistakes. But then, let it go! Life goes on, so we’d better go with it.

The other day we never need to worr y about is tomorrow. None of us can control or know everything that might happen tomorrow.

We don’t even know whether

or not we’ll still be here!

What’s going to happen will happen whether we worry about it or not.

So we’re left with only one day that we can actually do anything about: today.

As the saying goes: “The past is history, tomorrow’s a mystery, so today is all we have. It’s a GIFT, that’s why it’s called the PRESENT.” All we have is right now, and today has enough problems, responsibilities, and worries of its own. The last thing we need is to pile up yesterday’s and tomorrow’s problems on top of today’s! No wonder some people are stressed out with even physical problems and sicknesses. Remember, if you don’t bury your worries, they could bury you!

This is why Jesus Christ taught us not to worry about yesterday or tomorrow. Jesus said: “Who can add a single hour to his life by worrying!

Don’t worry about tomorrow.

Each day has enough trouble of its own. Live just one day at a time.” So all you have to do is take care of today. Make sure you’re doing your very best in your responsibilities and relationships: that your heart is right with your Maker and other people. Do all you can and then do a little hurst/PAGE 10

Batas Mauricio LIFE’S INSPIRATIONS: “… always give thanks to G o d t he Fat her for everything, in the name of our Lord Jesus Christ…”

(Ephesians 5:20, the Holy Bible).

-ooo THEFT AGAINST RU S S IA N T O U R I S T S MUSTBE PROBED WELL: Police investigators in San Juan, La Union must carefully look into the complaint that two Russian tourists were allegedly robbed of their expensive personal belongings, inside their rented room yet in Bgy. Urbiztondo. If it was true that thieves broke into their room and carted aw ay t h e i r v a l u a b l e s , the criminals must b e immediately arrested, and their loot returned to the owners.

Tr u l y, t h e d e s c e n t to sinfulness and petty criminality of our people is now t r u ly a s ou rc e of national shame. On the other hand, if this accusation is not true, or was just made up by the tourists for one reason or another, they must be held accountable for defamation by the owner of the resort

in La Union. Indeed, no tourist would dare come to the country and to that resort anymore after this!

-ooo PEOPLE POWER GARBAGE, FEBRUARY 25, 2018: Did I hear it right that it was “people power revolution” that the critics of President Duterte tried to commemorate last Sunday, February 25, 2018? I ask because, to me, that gathering actually represented a big insult to the concept of true people’s movements, whose rightful intentions should be the welfare of the people and of the environment.

Think about this: Duterte’s critics gathered at the EDSA People Power monument just for a few hours on Sunday but they s omehow m an age d to cough up tons and tons of trash and garbage, which now require cleaning for at least two days. Are t he s e t he p e opl e w ho claim that they are propeople, pro-God and proenvironment? The truth, if you ask me, is that, these people are tr uly the trash or garbage of Philippine society who must be washed down the drain!

-ooo LESSON OF EDSA 1986: PERSONAL AND FAMILY INTERESTS ARE H IG H E R T HA N T H E PEOPLE’S INTERESTS: Again, if I were to be asked, the true lesson of EDSA 1986 is truly a simple one: personal and family interests are always put

above the greater interest of our countr ymen by people who become, by some quirk of treacherous fate, leaders of the Filipino nation. Just take a close look at the Constitution that EDSA 1986 gave birth to, for instance.

Was it not a fact that the promised agrarian reform in that Charter was nothing but a fake reform?

Was it not true that big estates, like the Hacienda Luisita landholding belonging to the family of Corazon and Noynoy Aquino, were exempted from land reform? And, was it not a fact also that the alleged ban in that Charter against political dynasties was similarly a fake prohibition because, in reality, there was no such ban in that Constitution?

-ooo NOYNOY SHOULD BE THE ONE TO CLOSE HIS MOUTH: According to the Book of the Law, those who engage in wrongdoing or abuse against their fellow men insist on living their lives in darkness to prevent others from becoming aware of their misdeeds.

This was how I viewed former President Noynoy Aquino’s appearance at the House of Representatives on Mond ay, Fe br u ar y 26, 2018, on the issue of Dengvaxia.

He bemoaned his desire for a “loud forensic expert” to stop public discussions of the ill-effects of Dengvaxia of Sanofi (a French pharmaceutical firm), allegedly because

the expert was not qualified to talk about the matter.

Well, is it not true that the expert had been talking merely about his findings in his examinations? It is Noynoy who should stop opening his lips, for he is not an expert in anyway on the dangers of Dengvaxia.

-ooo PUBLIC APOLO GY FOR FOODSPHERE, INC.: I am confirming what I posted in my social networking accounts (Facebook, Twitter, and In s t a g r a m ) a b o ut t h e public apology in favor of CD O Foodsphere, Inc. In the 14 years that I was locked in various legal battles with it in connection with the 50 l i b e l c a s e s or s o t h at CDO filed against me, I saw that this experience I underwent with them was actually used by God for a beneficial purpose.

The truth was that, during all the times that I tangled with CDO, it was then that the Children of God Blood Kin of the Christ Church (or the Simbahang Anak ng Diyos Kadugo Ni Kristo, AND KNK)---a fast-growing Christian Church preaching that Jesus is God and Savior, and is God the Father, Son, and Holy Spirit---was fully established. From hindsight, I now believe that if I did not encounter this problem with CDO, AND KNK would not be put up and then flourish.

Thank God in the Name of Jesus, and thank you, CDO Foodsphere, Inc.

Heroic sanctity hints and traces

roy cimagala Genuine sanctity, and not just the many forms of apparent and fake holiness sadly proliferating in the world today, will always require heroism. And it need not be lived and achieved in some extraordinar y situations. It can be attained even in the very ordinary things of our daily life, but pursued in utmost heroism in following God’s will and ways.

In other words, it does not flaunt its performance and achievements. In fact, it likes to pass unnoticed.

It’s never showy, although something in it will always attract the attention of those who have faith. Of course, it may turn off those who are hostile to the faith.

This is the sanctity that comes from Christ who, in spite of the many wonderful miracles he made, tried his best not to show off because of them. Rather, he preferred that people get attracted to him when he would already be on the cross, as testified by his words: “And I, when I am lifted up from the earth, will draw all people to myself.”

(Jn 12,32) Genuine sanctity can never sit well with complacency, laziness, selfsatisfaction, the attitude that we can say enough in our self-giving and the like.

It will always demand more and more from us, and we correspond to that demand with utmost freedom and love, never feeling pressured or coerced to do so.

It is something done, developed and lived gratuitously, reflecting the very gratuitousness of the love of God for us. The dedication and devotion involved in sanctity is freely given, with no strings attached, even if we know that God will richly reward such self-giving.

And in situations where there can be many legitimate options, the one pursuing genuine sanctity will choose the worst option, that is, the one that give the most disadvantage to him, again without seeking any earthly reward.

In that way, he gains more merit in the eyes of God since he would be approximating the example of Christ who chose, of all the options to redeem us, the one where he had to bear all our sins by offering his life on the cross.

This way of behaving echoes what Christ himself said: “When you give to the needy, do not let your left hand know what your right hand is doing, so that your giving may be in secret.

And your Father, who sees what is done in secret, will reward you...” (Mt 6,3-4) In other words, we have to do things out of love for God only and for no other reason. We should avoid trying to fish for some human or worldly glory. The intention should be entirely pure, without any mixture of self-aggrandizement.

In fact, on the contrary, we will seek and choose what will keep us always humble, ref lecting the example of Christ himself and that of St. Paul, who said: “Whatever was an asset to me, I count as loss for the sake of Christ. More than that, I count all things as loss compared to the surpassing excellence of knowing Christ Jesus, my Lord, for whom I have lost all things...” (Phil 3,7-8) This is the heroism involved in the pursuit of genuine sanctity. We need to train ourselves to develop this spirit and attitude that should inspire our every thought, word and deed.

That is why we can never exaggerate the need to humble ourselves all the time, seeing to it that we have a firm grip on our egos whose most subtle form of pride is to project an image of sanctity that is not truly inspired by the love of God, but rather by one’s self-love.

We have to be most wary of this very likely possibility!

5 DBP targets 80% of loan portfolio for infra projects S Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

Wednesday|february 28, 2018

TATE-owned Development Bank of the Philippines (DBP) is willing to finance big-ticket infrastructure projects under the Duterte

Banking&Finance

administration’s Build, Build, Build program.

In a briefing Monday, DBP president and CEO Cecilia Borromeo said the bank wants to allocate at least 80 percent of its loan

Liceo Folkloric, Next Moves perform in LDCU’s 63rd anniversary “PRESERVING the heritage brought by the forefathers of Mindanao” is the Vision that led to the birth of Folkloric Dance Troupe in 1983, the resident theater group of Liceo de Cagayan University. The group started as a contingent in Kagay-an Festivalan indigenous dance competition in Cqgayan de Oro City. Since then, the group has been a consistent winner of the competition and has made a name for itself as one of the leading cultural dance theater groups in the South.

As the Philippines is identified to be the country to have the most diverse culture in Asia, its cultural expressions make for an exciting theater. The Folkloric Dance Troup borrows these expressions and transposes them to stage, providing an avenue for cultural awareness and preservation through performances that use, most especially, Southern Philippines images in dance, music, and drama.

These tell not only stories of our islands, but most importantly, of our people as a nation. As such, when a babaylan summons the diwatas, supplicating for abundant harvest provides an imagery, the image characterizes not only the South but the Philippines.

The Folkloric Dance Troupe has been a catalyst in propagating the diverse cultures of Mindanao, not only in the Philippines but also abroad. It has represented the country in the ASEAN Dance Festival Exposition in Brunei, Thailand, Singapore and Malaysia.

Today, it continues to share the wealth of Mindanao through its various road shows, and full length performances around the country and the world.

In 2009, a new group was formed. Named after its predecessor, Next Moves, the group welcomed its Artistic Director, Mr. Roger Ensomo Odron, a threetime winner and Hall of Fame awardee of the National Commission for Culture and the Arts-sponsored National Modern Dance Competition.

Under Roger’s tutelage, Next Moves soared higher and ventured into the national and international scene.

Acting as LDCU’s dance ambassadors, Next Moves perfectly exemplifies the university’s goal of developing and moulding total persons who passionately pursue excellence and creative expression.

Their performances are a testament to this. (WITH MAIA POBLETE/CLIX/ RED LEMON)

portfolio for infrastructure projects.

She said DBP would really need additional funds to increase its loan portfolio and they plan to back this by more aggressive deposittaking activities, with the bank eyeing to open 10 new branches and eight extension offices nationwide this year alone.

These offices are expected to bring the bank’s total branches to 135 and the extension offices to 11 by the end of this year.

“Right now we have a very healthy headroom for additional lending to infrastructure projects.

And we want to continue to fuel that by low-cost deposits. We want our countrymen to be our partner, transforming their savings into infrastructure projects,” she said.

“If needed, we can also raise funds but that is not yet in our priorities this

year because as I’ve said our ratios would show that we still have enough funds to support even a 26 percent growth in loan portfolio,” she said.

Last year, the bank registered a 21.82 percent increase in gross loan portfolio to PHP293.47 billion, 35 percent of which, amounting to PHP76.23 billion, was allocated for infrastructure and logistics projects.

Borromeo also said they also plan to increase the bank’s total assets of PHP597.41 billion last year to about PHP 1 trillion during its jubilee year in 2022.

The DBP chief said they are not allocating any specific amount for the infrastructure projects as long as it is still within the allowable single borrower’s limit set by the central bank.

“This administration would like to be labeled as the administration that supported the infra or

the golden years of infra projects in the country. As a policy map we want to support that. That in a way is refocusing or reminding the public that we are the infra bank,” she said.

The National Economic and Development Authority has identified at least 75 infrastructure projects and Borromeo noted that most of these will be funded by official development assistance (ODA) loans while others will be funded partly through private-public partnership.

“Whatever the modality will be we are ready to fund it or partner with them,” she said.

Last year, the bank extended about PHP7 billion worth of loans for 132 projects under its flagship Infrastructure Contractors Support (DBP ICONS) program, which helped improving the capacity of Filipino contractors.

Projects under this

financing program include social and transport infrastructures like roads and bridges, water supply, wastewater and sanitation.

Borromeo said the bank also extended last year loans for the construction of about 120 hospitals and 2,486 school buildings, most of which were projects of local government units while other projects were those of private entities.

She said local government officials have been inspired and challenged to provide their constituents services and infrastructure that national agencies have been putting in place.

“We are just very happy to be partnering with those progressive-minded local leaders,” she said.

Borromeo added DBP is also providing financial advisory services to entities like the Bases Conversion and Development Authority.

(PNA)

BDO posts 7% hike in net income in ‘17 SY-led BDO Unibank Inc. (BDO) on Monday reported a seven percent jump in net income in 2017 to PHP28.1 billion, boosted by growth across all business segments.

In a disclosure with the Philippine Stock Exchange (PSE), the bank said improvements in all its businesses matched the financial institution’s earnings guidance for last year.

“Excluding consolidation effects of the life insurance business, however, this represented

a strong 15 percent jump in core earnings on the back of solid growth in loans, low-cost deposits and fee-income,” it said.

Core businesses lending and deposit-taking as well as well as fee-based income drove the bank’s earnings last year.

BDO said customers loans went up by 18 percent to P1.8 trillion while total deposits rose by 11 percent to P2.1 trillion.

In particular, lowcost savings and current account (CASA), which

account for 73 percent of the total, ticked-up by 12 percent.

With these output, the bank posted a 25 percent increase in net interest income to PHP81.8 billion.

During the same period, non-interest income went up by 13 percent to P47.2 billion, boosted by the 30 percent rise in fee-based income to PHP28.9 billion.

Last year, the bank’s insurance premiums increased by 23 percent to P9.9 billion and this, the disclosure

said, “compensated for the expected 20 per cent decline in trading and forex gains to PHP3.9 billion given the challenging market conditions.”

“Overall, gross operating income advanced by 20 per cent to P129 billion,” it said.

The bank’s plan to further widen its reach through opening up of new branches, in turn, increased operating expenses by 21 percent to P84.9 billion.

BDO/PAGE 10

6

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Cebu Pacific opens applications for 2nd batch of Cadet Pilots

The Philippines’ leading carrier, Cebu Pacific (PSE: CEB) is now accepting applications for the second batch of cadet-pilots.

CEB will be recruiting 16

candidates to join its corps of pilots, after completing a 56-week training program, including 52 weeks at Flight Training Adelaide (FTA) in

Australia, in a “study now, pay later” scheme.

The Cebu Pacific Cadet Pilot Program is a 56-week program that recruits candidates from

ab initio, and puts them on a 56-week integrated flying training; flight theory and education course to become licensed Commercial Pilots.

After completion of the program, the cadet-pilots become First Officers at CEB, and join the corps of aviators at Cebu Pacific, flying domestic and international routes.

The program is open to all Filipinos who are college graduates, proficient in English and hold passports valid for at least two years prior to the start of the program.

The cadet-pilots need not worry about expenses related to the flight training, as CEB will shoulder the cost first, and amortize the payment for the course

while they are employed.

The entire program will be financed by Cebu Pacific, with successful cadet-pilots guaranteed employment with CEB upon graduation. They will then reimburse the cost of the program through salary deduction over a maximum of ten years at zero-interest.

The first batch of CEB Cadet Pilots has been selected. They are completing their requirements and predeparture training and are set to depart for FTA by April 2018. pilots/PAGE 10

PLDT, Smart hold development training for outstanding LGUs Representatives of the 24 cities and municipalities that received the Synergeia Foundation’s Seal of Good Education Governance recently underwent a two-day personal development training from PLDT and Smart Communications.

Mayors, vice mayors, councilors, Department of Education officials, and school principals, among others, learned about developing a power personality, emotional quotient, financial literacy, customer service, and an innovative teaching method.

The training is part of the incentive package given by PLDT and Smart to the Synergeia seal recipients, who have been recognized for their outstanding efforts in delivering basic education. Each package, worth up to P1.5 million, is customized based on the local government unit’s respective circumstances and needs. Among the incentives are the installation and maintenance of Wi-Fi hotspots in public areas and the Smart School-in-a-Bag for LGUs in remote areas. This contains a solar panel to serve schools without electricity, mobile devices, curriculum-based educational content, teacher training, monitoring, and evaluation.

Established in 2002, Synergeia is a coalition of individuals and organizations working closely with about 400 LGUs to improve the delivery of basic education to Filipino children.

Cebu Pacific Cadets under training at Flight Training Adelaide, Australia

Smart provides Oro students emergency response training PLDT wireless unit Smart Communications has organized an emergency response and management training for students of University of Science and Technology of Southern Philippines (USTP).

The whole-day workshop was a training of trainers that equipped the students with skills to be able to conduct their own preparedness lessons for members of their communities.

The activity is part of the company's Tropang Ready program, a nationwide caravan of Smart's TNT brand which tours schools in the Philippines to teach the youth and their friends (tropa) the importance of disaster preparedness.

TNT Tropang Ready is an initiative under Smart's advocacy for a #SafePH which promotes preparedness through mobile solutions and on-ground activities to help communities mitigate disaster risks.

For the training of trainers activity, among the lessons taught were first aid and self-defense techniques and pointers on how to assemble a Gi Bag or e-Balde, an emergency kit meant to help an individual or a family survive the next few days following a calamity. The kit includes canned food, water, flashlight, batteries, cell phone and an umbrella, among others essentials. photo by mark francisco

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Wednesday | February 28, 2018

7

DENR begins to pull down illegal structures in Boracay

T

he demolition of illegal structures on the world-famous Boracay Island began on Saturday morning with the dismantling of the viewing deck built on a rock formation by a posh resort.

Workers commissioned

by Boracay West Cove started the demolition works a day after Environment Secretary Roy A. Cimatu visited the area and told resort owner Crisostomo Aquino that the structure has to be removed for being illegal.

Cimatu said the around 120-square meter viewing deck, which stands on three natural rock formations, was not covered by the Forest Land Use Agreement for Tourism Purposes (FLAg-T) secured by the resort.

The resort’s FLAg-T only covers 998 square meters in Sitio Diniwid in Barangay Balabag, and it does not include the viewing deck, he said.

“I have to implement the law,” said Cimatu, who was recently tasked

by President Rodrigo Duterte to address the environmental problems besetting one of the country’s top tourist destinations.

“We are running out of time. We are only given six months by the President,” Cimatu told Aquino when they met last Friday.

Aquino initially bargained for 30 days, but Cimatu said the demolition has to be done immediately.

A demolition team from the Department of Environment and Natural Resources was scheduled to pull down the viewing deck last Friday, but Cimatu deferred it to Saturday in consideration to resort guests who are already on the viewing deck.

Aquino also agreed to self-demolish the illegal structure on the prodding of Cimatu.

“The moment you do it, you will be admired all over the country," said Cimatu. "It will set an example to all resort owners here to follow the law.”

Cimatu also instructed the resort owner to make sure that all debris are removed during the demolition.

"I do not want the waters to become dirty during the demolition," he said.

According to Aquino, he built the deck for guests to see the most beautiful view of the Boracay sunset.

Cimatu counts on support of local officials in Boracay rehab Secretary Roy A. Cimatu is counting on the commitment of local government officials to help the Department of Environment and Natural Resources (DENR) meet the six-month deadline set by President Rodrigo Duterte to address the environmental problems facing the world-famous

Boracay Island.

Cimatu met with Aklan Governor Florencio Miraflores and Malay Mayor Ceciron Cawaling on Friday to discuss measures that may be undertaken to solve the sewage and wastewater problems in Boracay as quickly as possible.

Also present at

AboitizPower’s “Pangarap” soars high at 19. AboitizPower’s adopted Philippine Eagle, Pangarap, turned 19 years old on February 23, 2018. AboitizPower has been supporting the Philippine Eagle Foundation (PEF) since 2010 by providing funds for Pangarap's food, veterinary care, and shelter maintenance.

“Our longstanding partnership with AboitizPower has been instrumental in our advocacy to save the Philippine Eagle. Through their adoption of Pangarap, they help support our various initiatives in the Captive Breeding Program and in our efforts to raise awareness for the mission,” said PEF executive director Dennis Salvador.

the meeting were representatives from water concessionaires Boracay Water Company Inc. (BWCI) and Boracay Tubi System Inc. Both Miraflores and Ceciron threw their support behind the DENR’s efforts to rehabilitate the pollution-challenged Boracay Island, which for many years has been the source of income and employment for Aklan province.

Cimatu got the commitment of Miraflores in providing additional trucks that will transport the island’s residual waste to the Malay mainland.

“We need around five trucks or more to move garbage every night from the materials recovery facility (MRF) directly to the barge and to Malay (mainland),” Cimatu said during the meeting.

“This will improve the collection system and garbage does not stay overnight in the MRF,” he added.

At the same time, Cimatu he would allow BWCI to drain water from their sewage treatment plant in Barangay Balabag to a nearby wetland area provided the water quality meets the standards set by the DENR’s Environmental Management Bureau.

This will enable the treatment plant to reduce some load and prevent the problem of backflow, he said.

"I will only allow it after a water quality test shows that the water is safe for discharge,” he pointed out.

During the meeting, Miraflores told Cimatu that the provincial government supports the dismantling of illegal structures violating the 30-meter shoreline easement.

The governor also said they favor the demolition of structures within forestland areas that have no Forest Land Use Agreement for Tourism coming from the DENR. After the meeting with local government officials, Cimatu went straight to the controversial West Grove Resort located in the west side of Boracay, where he met with the owner Crisanto Aquino.

The resort became controversial for building structures on natural rock formations and operating for years without permit.

“I have to implement the law. These have to be demolished,” Cimatu told Aquino, referring to the restaurant built on top of the rock formations.

Aquino agreed to selfdemolish the structures.

8

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Lenovo™ Sees Intelligence Transforming Everything at MWC 2018, From Devices to Data Center

Lenovo reinforced its 2018 vision for technology innovations, moving its core strategy to Augmented Intelligence.

With its roots in the PC space, Lenovo has created one of the most complete collections of smart AI devices, giving it a unique advantage to provide the three key elements of Intelligence: Data, Computing Power and Algorithm.

Through new AR, VR and voice-activated technologies demonstrated at the show, Lenovo gives you powerful new ways to live, work and play.

From intuitive new voiceenabled Yoga™ 2-in-1 laptops launched today, to transformative Moto Mods, to advanced data center solutions, Lenovo makes all the critical human connections to AI, from devices to data center.

A Different Smartphone Experience At MWC, Motorola will be illustrating how it continues to challenge the industry with premium smartphone features at great value price points, and how innovation lives in our DNA with transformative Moto Mods that help you monitor your wellness, among other things. The Motorola

Algen’s Dive Resort (088) 3872015 Apple Tree Resort & Hotel 735411 / 754525 Fax: 754497 0917-7144040 / 0923-3269366 / 0939-9076948

Health Mod will be showcased, which allows you to easily measure five vital signs including accurate systolic and diastolic blood pressure, all via your moto z device.

Motorola will be sharing insights around its recently released global Phone-Life Balance Study which has been developed in partnership with Dr. Nancy Etcoff, renowned expert in Mind-Brain Behavior and the Science of Happiness at Harvard.

The study identifies problematic behaviors that are impacting relationships with others and ourselves and shows how people are putting their phones before those they care about, with the most alarming findings tied to

younger generations who have grown up in a digital world.

Motorola believes technology should enrich our lives, rather than distract from them and is offering intelligent solutions to help people manage their phone life balance. This includes a partnership with SPACE, an app that helps to make you more mindful of your phone usage, and Moto Experiences that support more intuitive mobile interactions.

A Different Approach to Voice Lenovo’s PC and Smart Devices business is developing new products to transform commercial and consumer experiences through Augmented

Intelligence.

At MWC, Lenovo will be introducing the new Yoga 730 (in 13-inch and 15-inch models) and the new 14-inch Yoga 530 – the latest additions to its 2-in-1 family designed for the mobile generation. The new Windows 10-based convertibles feature modern designs, powerful laptop performance and tablet portability that have made the Lenovo Yoga an iconic premium laptop brand since it first pioneered the convertible form factor. The new Yoga 730 harnesses the power of AI to give you intelligent assistance hands-free. With both Cortana and Alexa builtin, it offers more choice lenovo/PAGE 10

OFFICE OF THE PROVINCIAL SHERIFF 1ST NOTICE OF EXTRAJUDICIAL SALE EJF FILE No. D-2017-383

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Juducial Region BRANCH 39 Cagayan de Oro City

FOR: NATURALIZATION

Petitioner, through counsel, filed a verified Petition of Mr. Franz Josef Weis for his Naturalization as Citizenship and/or to be admitted Citizen of the Philippines.

In his Petition, Petitioner Franz Josef Weis alleges that he was born on 28 September 1937 at Gerolstein Rheinland – Pfalz, Germany; that he is presently residing at No. 46 Airport, Barangay Lumbia, Cagayan de Oro City; that he arrived in the Philippines from Germany on 1 May 1992; and that he proposes to introduce the following witnesses in support of his Petition: (1) Atty. Datu A1 Ponciano, resident of 032-B Amparo, Velez St., Apovel Subdivision, Cagayan de Oro City, and (2) Datu Mahusay Isidro R. Ramos, Chieftain, Higa-anon Tribal Association, resident of Nikdao, Baungon.

Finding said Petition sufficient in form and substance, the same is hereby given due course. This case is set for hearing on 3 April 2019 at 8:30 AM.

Let copies of this Notice be published, at the expense of the petitioner, at least once a week for three (3) consecutive weeks in the Official Gazette, and in one of the newspapers of general circulation in Cagayan de Oro City and the Province of the Misamis Oriental. Let copies hereof with the Petition attached be posted at the bulletin boards of the following offices and buildings, to wit: hall of Cagayan de Oro City, Barangay Hall of Lumbia, Cagayan de Oro City and this Court.

Any person having or claiming any intrest in the aforesaid Petition may, within fifteen (15) days from notice of this Petition, or from the last date of publication of such Notice, file his/her opposition thereto.

Petitioner is futher ordered to furnish a copy of this Notice and the Petition to the office of the Solicitor General, the Department of Foreign Affairs, the Department of Justice, the National Bureau of Investigation, and the Breau of Immigration.

On the date set for hearing, petitioner is directed to submit proofs of publication, posting, and service of the Notice and copy of the Petition as aforestated.

SO ORDERED.

Cagayan de Oro City, 8 February 2018.

(Sgd.) MARITES FILOMENA B. RANA-BERNALES Presding Judge

BWM: Feb. 21, 28 & Mar. 7, 2018

Upon extra-judicial petition for sale under Act 3135 filed by the Rural Bank of El Salvador (Misamis Oriental), Inc., a corporation organized and existing under Philippine laws with business address at Poblacion, El Salvador City, against GAUDENCIO FABRICANTE, married to Eusebia Fabricante, Filipino citizen, with residence at Matangad, Gitagum, Misamis Oriental, to satisfy the mortgage indebtedness which as of August 31, 2017 amounts to TWO HUNDRED FIFTY FOUR THOUSAND FIVE HUNDRED TWENTY (254,520.00) PESOS, Philippine currency, including interest and penalty charges, the undersigned or her duly authorized deputy will sell at public auction on March 6, 2018 at 10:00 a.m. or soon thereafter at the main entrance of the office of the Regional Trial Court, Branch 44, Initao, Misamis Oriental to the following property with all their improvements, to wit: I. TAX Declaration No. 943370 Property Index No. 052.19.006.01.020

NOTICE OF INITIAL HEARING

DIRECTORIES

A PUBLIC SERVICE BY:

Republic of the Philippines SUPREME COURT Regional Trial Court of Misamis Oriental 10th Judicial Region Branch 44 Initao, Misamiss Oriental

IN THE MATTER OF THE PETITION OF MR. FRANZ JOSEF WEIS FOR HIS NATURALIZATION AS FILIPINO CITIZENSHIP, AND/OR TO BE ADMITTED A CITIZEN OF THE PHILIPPINES, FRANZ JOSEF WEIS, Petitioner.

RESORTS, HOTEL & RESTAURANTS

A PARCEL OF LAND (Lot No. 13873) in the barrio of Kilangit, Municipality of Gitagum, Province of Misamis Oriental, with an area of containing an area of NINE THOUSAND FOUR HUNDRED FIFTY SQUARE METERS (9450 sq. m.) more or less, with boundaries, to wit:

North: Lot 038, 035, 033 sec 02 South: Lot 008, Sec. 02 East: Lot 021 West: Creek, Lot 038, Sec.12 II. TAX Declaration No. 943021 Property Index No. 052.19.007.12.032 A PARCEL OF LAND (Lot No. 13869-P) in the barrio of Matangand, Municipality of Gitagum, Province of Misamis Oriental, with an area ONE THOUSAND THIRTY SIX SQUARE METERS ( 1,036 sq. m.) more or less, with boundaries, to wit: North: Bo. Road East: Bo. Road

South: Lot 031 West: Lot 033 III. Tax Declaration No. 943017 Property Index No. 052.19.007.12.032

A RESIDENTIAL HOUSE erected on Lot 13869, constructed with construced With concrete hollow blocks and timber.

Prospective buyers may investigate for themselves the title hereinabovedescribed and encumbrance thereon, if any there be.

In the event that the auction should not take place on the said date, it shall be held immediately on next working day without further notice.

December 21, 2017 at Initao, Misamis Oriental, Philippines.

(Sgd.) ATTY. IAN C. TAJANERA-BERNARDO Clerk of Court VI and Ex-office Provincial Sheriff

BWM: Feb. 21, 28 & Mar. 5, 2018

Bahay Bakasyunan sa Camiguin (088) 3871057 / 3870131 Fax: 3870278 Basamanggas Resort 08822-760564 Fax: 760565 Cagayan Riverview Inn 8584245 / 729039 Fax: 8584245 Casa Crystalla 8561704 / 722465 Fax: 722480 Casa Isabella (088) 8564065

Casa Azucena 8563402 / 09236593973

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

De Luxe Hotel 8572144 / 724548 Fax: 724563 Discovery Hotel 727814 / 8563896 Fax: 8563897 Duka Bay Resort (088) 3312290 Fax: 725265 Dynasty Court Hotel 8574802 Fax: 857900 Grand City Hotel 8571900 / 728469 Fax: 723718

Pryce Plaza Hotel 8583131 Fax: 726687 Prawn House (088) 3095992 Fax: 8519219 Ridge View Chalet 8588946 / 8587946 Fax: 8588946 Seda Centrio Hotel 3238888 / 0917-577-5910 Southwinds Hotel 724803 / 8562036 Fax: 8562036 Stargate Dream Vacation Resort 8515003 / 8509999 The VIP Hotel 726080 / 8562505 Fax: 726441 RED PLANET 8800888/8801306 Travelers Pod 8518988 Uptown Condotel 8511800 Villa Paraiso Apartelle 3870419 Fax: 3870429 HONORARY MEMBERS:

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

RESTAURANTS:

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

Golden Ajirang I 856-5271 Fax: 727876 Grand Caprice Restaurant 72-6955/856-2302 Fax: 72-4986

Hotel Conchita 8563856 / 727355 Fax: 8563857

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

Hotel Koresco 8589749-50 Fax: 8589748

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

Hotel Sogo 8520383

Kingston Lodge 8585696 Fax: 8585696

Missy Bon Bon 8566852 / 09228606442 Fax: 8566852

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

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

10

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Hurst... from page 4

more: don’t worry about it!

Because as long as you’re living Jesus’ way in a daily personal relationship with Him, you know for sure you’ve got nothing to worry about.

But if today you’re not ready to die and face your Maker, you’ve got everything to worry about! So right now won’t you ask Jesus to forgive you for your past wrongs and living your own way. Then ask Him to take complete charge of your heart and lifestyle from this day on.

That’s the only way you can start living His way all the time and be absolutely sure you have nothing to worry about. Just Think a Minute…

BDO... from page 5

Last year, the bank opened 76 branches bringing the total to 1,180, including the one in Hong Kong.

The bank ended 2017 with a gross non-performing loan (NPL) ratio of 1.2 percent from year-ago’s 1.3 percent while NPL cover got better to 146 percent from 2016’s 139 percent.

It’s capital amounted to P298.3 billion, with Capital Adequac y R atio (CAR) and Common Equity Tier 1 (CET1) ratio at 14.5 percent and 12.9 percent, respectively, h i g h e r t h an m i n i mu m regulatory levels.

BDO was able to raise P60 billion in fresh equity through a stock rights offer (SRO) in January last year.

“For 2018, BDO believes that its focused growth strategy, robust business franchise and solid balance sheet and capital base place

the Bank well-positioned to tap opportunities in growth sectors benefiting from the country’s favorable d e m o g r aph i c s an d t h e government’s infrastructure build-up,” the disclosure added. (PNA)

Pilots... from page 6

The application process begins with an online prescreening. This is followed by an on-site screening for core skills and pilot aptitude tests, among other examinations where a fee of AU$425.00 (about PHP17,000) will be charged.

F TA w i l l s c r e e n a n d shortlist all the candidates.

Cebu Pacific and FTA will then jointly select the final Cadet Pilots through a final interview and deliberation.

After completing predeparture training in the Phi lippines, t he c adetpilots are then sent to the FTA campus in Adelaide, Australia for 52 weeks.

There, they will undergo learning modules and training and earn diplomas in Aviation. The cadetpilots then train in a flight s i mu l ator, and t he n to flying an actual aircraft, to complete the licensing requirements to become a Commercial Pilot. After 52 weeks in FTA, they return to Manila for a four-week training to obtain a Pilot’s License under the Civil Aviation Authority of the Philippines.

Interested applicants may apply for t he prescreening via https://www. s u r v e y m o n k e y. c o m / r / C 2 J P M L L . Ap p l i c a n t s will be notified by email regarding their application status.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 41 Cagayan de Oro City RURAL BANK OF INITAO EJF NO. 2018-433 (MISAMIS ORIENTAL),INC., Petitioner-Mortgagee,

FOR :

-versus- EXTRA-JUDICIAL FORECELOSRE REAL ESTATE MORTGAGE ROSARIO MARQUEZ LAS PIÑAS,

Respondents-Mortgagors.

X-----------------------/ NOTICES OF EXTRA-JUDICIAL SALE

Upon extra-judicial petition for sale under Act No. 3135/4118 filed by RURAL BANK OF INITAO (MISAMIS ORIENTAL),INC., against ROSARIO MARQUEZ LAS PIÑAS, a resident of Cagayan de Oro City, to satisfy the mortgage indebtedness which as of January 31, 2018 amounts to TWO MILLION THREE HUNDRED THIRTY FOUR THOUSAND ONE HUNDRED FORTY FIVE PESOS AND 76/100(P2,334,145.76), Philippine Currency, inclusive of interest, penalties and other charges as shown in the Statement of Account The undersigned or his duly authorized deputy wil sell at public auction on April 20, 2018 at 10:00 A.M. at the main entrance of this Court, Regional Trial Court, Branch 41, Goldridge Bldg. Masterson Ave. Cor. PNR Sr. Ave. Upper Carmen, Cagayan de Oro City, to the highest bidders, for cash or manager’s check and in Philippine Currency, the following personal properties, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-90431

A Parcel of Land (Lot-20, Blk-22, of the Cons. Subd. plan, Pcs-10-0012007, being a portion of Lot 1 & 3, Pcs-104305-001147. situated in the Barangay of Carmen, City of Cagayan de Oro, Island of Mindanao, Containing an area of ONE HUNDRED EIGHTY FIVE (185) SQUARE METERS, more or less. including all improvements existing and to be constructed/erected thereon.

All sealed bids must be submitted to the undersigned on the above-stated date, time and place.

In the event the public auction should not take place on the said date for whatever reason, the same will proceed on the following working day, without further notice, posting and publication.

Prospective buyers may investigate for themselves the property herein-above described and encumbrances thereon, if any there be.

Cagayan de Oro City, February 20, 2018.

BWM: Feb. 28, Mar. 2 & 5, 2018

(Sgd.) ALDEN V. SAMBAAN Sheriff IV

Lenovo... from page 9

and recognizes voice commands from across the room. [1] Lenovo's new trio of ruggedized Lenovo 500e, 300e 2-in-1's and 100e Chromebooks built for education are now available for consumers.

Beyond the protective designs to guard against spills and drops, the 300e Chromebook features Lenovo Enhanced Touch technology that allows the use of everyday objects to interact with the screen and the 500 e Chromebook provides an EMR™ Pen with Google®'s innovative near lagfree algorithms for writing and sketching.

For smarter living, the new Lenovo Smart Display announced at CES 2018 makes using technology at home more convenient, intuitive and shared. It combines the voice capability of the Google Assistant™ with a vibrant, full HD touchscreen display. [2] As the command hub for connected smart home devices, from lighting to heating and more, it can be controlled with just your voice or a quick glance at the display.

A Different Way to Experience Reality Also launched at CES 2018, Lenovo will showcase how Augmented Intelligence continues to make its devices different and more immersive.

The Lenovo Mirage™ Solo standalone VR headset and Lenovo Mirage Camera, a VR180 camera, lets you to create and consume your own VR content using Daydream™, the Google’s mobile VR platform, while Star Wars™: Jedi Challenges with its Lenovo Mirage AR headset and Lightsaber controller breaks the boundaries of what’s possible by letting fans experience Jedi training in AR. A Different Way to Improve

the World Lenovo’s Data Center Group continues to p ower the Intelligence Revolution by expanding into two new segments in Telecommunications and IoT. As innovations in mobile and smart devices rapidly grow, the telecom industry is undergoing massive changes with 5G networks. Lenovo is uniquely p osit ione d to disrupt the traditional telecom installed base and provide a seamless transition for communication service providers to the software defined world.

Lenovo is launching a performance optimized offering based on Lenovo ThinkSystem SR650/SR630 servers and switches, Red Hat OpenStack Platform, and Mellanox ConnectX-4 NICs for accelerated packet processing.

In addition, Lenovo is joining the ‘Intel Select Solution for NFV’ program and offering a solution specially optimized for encryption and compression based NFV workloads. The solution is comprised of Intel QuickAssist Technology (QAT) and Intel XXV710 NIC enabled on Lenovo SR650/SR630 servers.

Leveraging its #1 position in x86 server reliability[3], Lenovo will also demo the industry's first 5G-ready base station with software and virtualized implementation of the centralized and distributed units (CU/DU) – made possible through customerled, joint collaboration with China Mobile.

Demonstrations of Lenovo’s ‘device to datacenter’ solutions can be seen at Mobile World Congress in Barcelona, February 26-March 1 at the Lenovo Showcase in Hall 3, Space 3N30. In the Intel booth, Lenovo will showcase a ‘self-optimizing 5G network’ solution based on Lenovo ThinkSystem SR650 servers.

Republic of the Philippines LOCAL CIVIL REGISTRY OFFICE Baungon, Bukidnon CCE-0004-2017 RA 10172

Date: February 16, 2018

NOTICE TO THE PUBLIC 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 RA 10172), Notice is hereby served to the public that JADE N. AGNO has filed with this Office a petition for correction of entry in SEX from ‘’FEMALE’’ to ‘’MALE’’ in the Certificate of Live Birth of JADE N. AGNO, born on January 15, 1992 at Baungon ,Bukidnon and whose parents are EDUARDO M. AGNO SR. and CLEOFE S. NOGODULA.

Any person adversely affected by said petition may file a written opposition with this Office not later than 10 days.

(Sgd.) EVANGELINE C. LIBAYNON

Municipal Civil Registrar BWM: February 19 & 28, 2018

ASIA WORLD PAWNSHOP

Main: Osmeña-Cogon Market, Cagayan de Oro Branch: Ipil St.,Carmen , Cagayan de Oro NOTICE OF AUCTION SALE Starting March 9, 2018 at 10:00 A.M. to 12 noon, this establishment will set an Auction Sale on all pledges since October 2017 at Osmeña-Cogon Market and Ipil St., Carmen, Cagayan de Oro City. Patrons are enjoined to verify their receipts.

MANAGEMENT PAHIBALO

Sa Marso 9, 2018 sa may 10:00 sa buntag paingon sa alas 12 sa udto, ang Tanan nga penirenda nga wala malukat sa bulan sa Oktubre 2017 maapil sa subasta sa OsmeñaCogon Market ug Ipil St., Carmen, Cagayan de Oro City.

Giawhag ang tanan suki sa pagsusi sa ilang resibo.

ANG TAGDUMALA BWM: February 28, 2018

11

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

Wednesday|february 28, 2018

LRT...

from page 12

They also gave away signed s h i r t s to lu cky on l i n e contestants and stayed for a while to sign helmets and other items from those in the crowd.

After a whirlwind of a time in 10th Avenue, they joined the Yamaha Dealers for the ‘Be Unstoppable’ 2018 Dealers Convention in Seda Hotel.

As icons for Global Racing Excellence and the faces of the ‘Blu is Fast’ Campaign, they were living testaments for the performance that Yamaha motorcycles provide.

Sales... from page 12

42% sales growth in the AT segment is an indication that new customers are coming in because AT models, also known as scooters, are more user-friendly to novice riders.

While a total of 389,168 AT units were sold last year, it is not as much as the BU models which sums up to 436,658 units. The BU segment attained 18.6% growth, second only to AT, but this segment has the most number of units sold. The Moped (MP) or Underbone segment gained only 3% growth in 2017 but in terms of actual sales volume, it competes with the Business models, having sold 430,465 units.

Only 60,426 ST units were sold in 2017 as more buyers gravitated towards the more practical AT and BU. Motorcycle sales has been on an upward trend for the past several years, from 702,597 units sold in 2012 to over 1.3 million units in 2017. The MDPPA is projecting a 2 million annual unit sales by 2020. As more and more motorcycles ply our streets, the MDPPA is committed to promote road safety through various intensive training programs held in different parts of the country. This is done in collaboration with local government units, Philippine National Police (PNP), Land Transportation Office (LTO) and local motorcycle clubs.

Expands... from page 1

the countryside, Berdeprado said.

He noted that Allianz PNB is among the top insurers in the Philippines, with 18 million customers in the Asia Pacific region alone.

In 2016, the company had gross written premium of 125 billion euros and has an operating profit of 10.8 billion euros.

In Region 10, Berdeprado said Cagayan de Oro has been chosen as Allianz PNB’s primary base of operations in the island.

“Being the regional center and logistics and business hub of Northern Mindanao, the city is one of the most progressive and competitive cities in the Philippines.

Allianz is making the strategic decision to grow its agency channel in Mindanao starting in Cagayan de Oro,” said Allianz PNB Life president and CEO Dr. Olaf Kliesow

in a press conference held here recently.

Kliesow said Allianz PNB Life advocates financial literacy saying they would like more Filipinos “to have a financially secured future.”

(Jigger J. Jerusalem/PNA)

Growers... from page 1

in Mindanao.

In a statement released over the weekend, the PRDPMindanao office said 77 of these projects, accounting for P363.16 million, have been approved while the rest are still being processed.

The PRDP is mainly financed by the World Bank with counterpart funding from the national government and implemented through the Department of Agriculture as lead agency.

The 15 commodities, which are covered under the PRDP’s Investment for Rural Enterprise and Agricultural Productivity (I-REAP), are abaca, banana, milk fish, cacao, cassava, coconut, oil palm, coffee, dairy, goat, mango, organic rice, rubber, seaweed and swine.

The I-REAP component of the program addresses the enterprise aspect of the crops being developed.

The south-central Mindanao area, or the South Cotabato-Cotabato-Sultan Kudarat-Sarangani-General Santos City (Soccsksargen) Region, took up the largest share of the enterprise budget at P123.49 million for 11 projects.

This covers the development of coffee in Tupi, South Cotabato, with the funding granted to the Tupi Coffee Growers Association, Inc. (TCGAI), specifically production improvement and marketing of dried green coffee beans.

“Through this project, we hope that the value of coffee farming and the lives of coffee farmers in the province will be elevated. Hopefully with PRDP, coffee growers in the entire South Cotabato would benefit and gain appreciation on the value of coffee as commodity,” said TCGAI President Marcos Gabat in the PRDP statement.

For the other regions, Caraga is receiving P69.57 million for nine projects; Northern Mindanao with P62.1 million for 33 projects; Davao with P56.30 million for seven projects; Western Mindanao (or Zamboanga Peninsula) with P28.43 million for seven projects; and the Autonomous Region in Muslim Mindanao (ARMM) with P23.26 million for 10 projects.

Qualify...

from page 1 National Secondary School, Jasaan National High School, Villanueva National High School, Misamis Oriental General Comprehensive High School, Tablon National High School and Bobontugan National High School.

A week after, qualifying rounds will be held for eastern Misamis Oriental participants at Gingoog City Comprehensive National

High School simultaneous w it h w e s t e r n M i s a m i s Oriental participants at El Salvador National High School and North Central Bukidnon participants at Bukidnon State University in Malaybalay City.

On March 10, southern B u k i d n on p ar t i c ip ant s will have their qualifying rounds at Central Mindanao University in Musuan.

On March 17, the participants from Lanao del Norte will pit wits at the City Information Center in Iligan City.

On March 24, the qualifying rounds will be held at Tangub City National High School for Misamis Occidental participants.

The final rounds will be held on April 15 at Centrio Mall in Cagayan de Oro City.

According to project director and Mindanao Daily News editor-in-chief Allan Mediante, the themes will revolve around Yes or No to Federalism, Responsible Mining, Causes of Drug Addiction, My Community’s Fave Sp or ts and L o c a l Tourism Spots.

There will be contest categories in opinion writing, news feature writing, health and science reporting, sports writing and photo journalism.

Apart from the students,

government writers and private company writers are also expected to join in the competition.

Mindanao Daily publisher and president Dante Sudaria said that “we have undertaken the challenge to do our own corporate social responsibility, thus this project which we offer with the help of institutions and establishments for building better communities and the betterment of Mindanao.”

Budget... from page 2

With this, agency heads are reminded to structure their prospective contracts so that they do not spill-over to the next fiscal year. Budget and planning officers are also urged to work closely with program/project managers to e nsu re t hat proj e c t proposals are aligned with the implementation schedule.

(APB/PIA-10)

Aboitiz... from page 3

be used to mitigate operational risks and/or drive industryspecific solutions to boost performance.”

Weather Solutions President Jojo Z. Marasigan said WNI would help analyze the available weather data for companies.

“For instance, in retail,

Office of the Municipal Civil Registrar RA 10172(GENDER)

WNI’s data analysis can predict which specific products are supposedly sellable for a particular time of the year. We are excited to take this journey with WNI, possibly creating breakthrough platforms that will change the way businesses operate, especially around the communities that they support. In incorporating use of weather data for business, we are seeing growth in our prospective partners’ gains,” Mr. Marasigan was quoted as saying.

With its partnerships with WNI and Aboitiz Group’s WeatherPhilippines Foundation, Inc., Weather Solutions can “create a robust and reliable data-asa-service (DaaS) solution for its customers.” The company offers customizable weather datasets that companies and individuals can use for decision making.

“This partnership with Weather Solutions is a very big step in moving forward. We understand that the company has already installed around 800 automated weather stations (AWS), and this is a very good thing. We appreciate what you have done and we feel very honored to be a partner,” WN Weatherstreet Philippine Branch General Manager Hirokazu Koro was quoted as saying.

NGCP... from page 3

Zamboanga del Sur I Electric Cooperative, Inc. Mr. Santillan said NGCP’s “discriminatory treatment” of SEC was in contrast to a past experience involving the company’s first unit where it was able to install similar facilities in the same substation.

“It is noteworthy that NGCP is treating SEC differently from all other generation companies by taking upon itself the installation of assets necessary for the grid connection. As far as SEC knows, generation companies have been advancing the cost of these assets because NGCP refused to provide them, on the ground of lack of capital expenditure allocation. When SEC requested treatment identical as that given to other generation companies, NGCP has refused to do so,” he said.

His letter was furnished to Agnes T. Devanadera, chairperson of the Energy Regulatory Commission, and Melvin A. Matibag, president and chief executive officer of National Transmission Corp.

His letter was furnished to Agnes T. Devanadera, chairperson of the Energy Regulatory Commission, and Melvin A. Matibag, president and chief executive officer of National Transmission Corp.

Office of the Municipal Civil Registrar RA 10172(GENDER)

NOTICE OF PUBLICATION

NOTICE OF PUBLICATION

In compliance with Rule 7 of R.A. 10172, a notice is hereby served to the public that JURIS DAGATAN TONGO has filed with this office a petition for Change of Gender from MALE to FEMALE in the birth certificate of JURIS DAGATAN TONGCO who was born on June 24, 1996 at WATERFALLS, KAPATAGAN, LANAO DEL NORTE and whose parents CARLITO GALBINEZ TONGCO and AVELITA DAGATAN. Any person adversely affected by said petition may file his written opposition with this Office not later 15 days.

In compliance with Rule 7 of R.A. 10172, a notice is hereby served to the public that JUDELYN BENTOY LABORTE has filed with this office a petition for Change of Gender from FEMALE to MALE in the birth certificate of JUDELYN BENTOY LABORTE who was born on JULY 19, 1985 at MAHAYAHAY, KAPATANGAN, LANAO DEL NORTE and whose parents ELIZER R. LABORTE and JOSEFINA Y. BENDOY. Any person adversely affected by said petition may file his written opposition wit this Office not later 15 days.

(SGD) IVY R. TONGCO Municipal Civil Registrar

BWM: February 21 & 28, 2018

BWM: February 21 & 28, 2018

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region Branch 28 Mambajao, Camiguin

EXTRAJUDICIAL SETTLEMENT OF PERSONAL PROPERTY OF DECEASED PERSON

IN THE MATTER OF PETITION SPECIAL CASE NO. 2018-509 FOR DOMESTIC ADOPTION OF THE MINOR PRECIOUS PAULEEN ANDIG ABECIA SPOUSES MICHAEL FRANCIS FITZSIMMONS AND IMELDA IMELDA ABECIAFITZSIMMONS,

X - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -/

Petitioners,

ORDER This is a petition for the adoption of minor Princess Pauleen Andig by petitioners-spouses Michael Francis Fitzsimmons and Imelda Abecia –Fitzsimmons.

Finding the petition in form and substance, the same is hereby given due course. Let the hearing be set on MARCH 23, 2018 at 8:30AM. At the expense of the petitioners, let a copy of this Order be published once a week for three consecutive weeks in a newspaper of general circulation in the province of camiguin.

The Regional Director of the Department of Social Welfare and Development, Region 10, Cagayan de Oro City, is directed to assign a Social Welfire Officer to conduct a home and child study on the adopting parents, the natural parents and the child to be adopted, including the conduct of counseling sessions with the biological parents of the child to be adopted.

The report thereof shall be submitted to the court within sixty (60) days from receipt of this Order.

Petitoner is likewise directed to make arrangements with the assigned Social Welfare Officer for the scheduling and incidental expenses in conducting the case study.

The petitioners are futher directed to furnish copies of this Order and the petition to the Local Civil Register of Butuan City, the Office of the Solicitor General and Provicial Prosecutor of Camiguin.

SO ORDERED. January 26, 2018 at Mambajao, Camiguin.

BWM: Feb. 21, 28 & Mar. 7, 2018

(SGD) IVY R. TONGCO Municipal Civil Registrar

(Sgd.) NANNETTE MICHOTE E. LAO Presiding Judge

Notice is hereby given that the intestate estate LEON G. PEDIMONTE, who died June 10, 2015 at Purok Azucena, Barangay Washington, Surigao City, Suregao, Del Norte, intestate, leaving his MOTORCYCLE WITH RELA , described to wit; YAMAHA; Type of body – MOTORCYCLE WITH RELA; Chassis No. 34C10220287; Motor No. 34C1020287 Plate No. QJ-4911; MV File No. 103600000127187; CR# 9097120-40; OR #817774974; Is the subject EXTRAJUDICIAL SETTLEMENT OF PERSONAL PROPERTY OF DECEASED PERSON; Under the Notary public Atty. ROWELL B. VALLEDOR. BWM: February 14, 21 & 28, 2018

BusinessWeek MINDANAO CREDIBLE

RELIABLE

Editor: GILBERT Y. CHAO

mOTORING IN-DEPTH

Wednesday | February 28, 2018

12

SPORTY & LUXURIOUS: Isuzu introduces latest variants of D-MAX and mu-X

I

suzu Philippines Corporation (IPC) recently launched two new limited edition variants to add excitement to the existing line-up of its Isuzu D-MAX and Isuzu mu-X models.

On February 23, IPC displayed the latest edition of the Isuzu D-MAX X-Series which serves as the model’s offering to the younger market segment; alongside is the new mu-X Luxe which as the name suggests is the most well-appointed mu-X variant to date.

“Keeping our lineup fresh is the key to the very demanding market, especially for the pick-up and SUV segment. To keep up with the competition, we are offering two new variants which are designed to exude the more aggressive and luxurious side of the D-MAX and mu-X models,” said IPC

President Hajime Koso.

2018 D-MAX X-Series Dressed to be more edgy, the 2018 edition of the D-Max X-Series now has a black radiator grille with red Isuzu logo, a front and rear skirt lined with a deep red accent which not only adds to its looks but also assist in the vehicles over-all aerodynamics.

More on the exterior, the X-Series also has a

color-keyed sleek cargo spoiler, matte black roof rails and red fog lamp garnish. To top off its look, the X-Series now has a black 18-inch alloy wheels with a matching red lip accent.

Inside the cabin, the X-Series has a rocker plate with illuminated red Isuzu logo and additional multiple USB ports for driver and passenger convenience.

New mu-X ‘Luxe’ Meanwhile, the mu-X also sees a new addition to its line-up with the new mu-X ‘Luxe’ which brings together superior features that delivers a statement and status of a premium SUV. The luxury edition mu-X is equipped with Power Lift Tailgate which opens and closes with a touch of button - for a hassle-free cargo

loading. For added styling, light gray fender flares are installed which doubles as a protective feature to deflect rocks and debris away from the vehicle’s body.

Adding to its already premium interior, mu-X Luxe has a new blue illuminated scuff plate and 3D surround sound system to complete the over-all luxurious experience while driving

or riding the new mu-X Luxe.

Engine, Color & Pricing Available only on a 4x2 drivetrain, both the D-MAX X-Series and mu-X Luxe runs on the ever-reliable 4JJ1TCX 3.0L Blue Power Diesel engine that is EURO 4 complaint and is capable to produce 177 PS maximum power and 380 N-m maximum torque.

Valentino Rossi and Maverick Vinales take the LRT to Caloocan

MDPPA Surpasses Projection in Sales Growth for 2017 After having achieved their 1 million annual unit sales milestone in 2016, the Motorcycle Development Program Participants Association Inc. (MDPPA) yet again receives another feather in their cap, having recorded a yearon-year sales growth of 16% in 2017. MDPPA is an organization of motorcycle manufacturers in the Philippines namely, Honda, Yamaha, Suzuki, Kawasaki and KYMCO. These five brands have closed the previous year with a combined annual sales of 1,319,084 motorcycle units.

“A growing economy

in the country means more buying capability for the average Filipino.

It also meant more room for businesses to expand.

Hence, the significant rise in demand for both Automatic (AT) models for personal use and Business (BU) models for commercial use,” said MDPPA President Armando B. Reyes. “We were also able to tap new market segments by offering new choices in our product line up which are more relevant and more affordable as well,” he added.

According to Reyes, the sales/PAGE 11

Valentino Rossi and Maverick Vinales return to Manila and this time they took the time to see a bit of Manila by riding the LRT. But this wasn’t your ordinary commute around the city. This was something historic in every way. Yamaha Motor Philippines Inc. (YMPH) partnered with the Light Rail Manila Corporation (LRT) to create the Yamaha Monumento Station. It was a first for the brand who also had its own signature train that bared the designs of its latest campaign “We Are MIO”. By having their own station, Yamaha can share their riding culture with every Filipino who will see campaigns and products daily.

After, they set their sights on the Motorcycle Capital of the Philippines.

The 10th Avenue in Caloocan is a hotbed for all things motorcycle.

A haven that housed everything for riders in the country. The entire avenue which stretched out for 3 city blocks had its own

pop-up festival to celebrate the arrival of the riders.

Hundreds upon hundreds of fans formed a sea of enthusiasts all eager to see their idols.

Then, it was time to rev. Valentino Rossi and Maverick Vinales slowly ascended from under the stage to the roar of the crowd. An explosion of confetti, flashing lights, and cheers engulfed

the entire avenue. The public appearance of the two riders wasn’t only massive and it was also the most intimate as well. This year, they had more opportunities to personally meet some of the Filipino fans. They answered questions from Yamaha Club members which as mixture of fun and excitement. To continue their support for

the cultivation of racing in the Philippines, they awarded medals to the 12 qualifying riders for the Yamaha Grand Prix.

An art contest was the opportunity for the fans to show their love for the riders on Valentines they and the top 3 designs were recognized on stage with the artists smiling alongside their heroes.

LRT/PAGE 11