BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VI, No. 095
Market Indicators
As of 6:13 pm February 4, 2016 (thursday)
FOREX
PHISIX
US$1 = P47.75
6,652.83
X Briefly
X
12.9
131.35
cents
points
Gasoline peddling THE Bureau of Fire Protection (BFP) has thrown a dragnet to round up illegal gasoline peddling in Cagayan de Oro, a city councilor said Wednesday. City Councilor Ramon Tabor said that the BFP has acted on the reports about the illegal peddling of gasoline in the city’s villages here after a meeting with the city council committee on police, fire, and public safety. Tabor, chair of the council committee on police, fire, and public safety, said that local association of petroleum dealers wrote the city council last week about the illegal sale of gasoline here.
Caves protection AT least 113 caves were identified and assessed by the Department of Environment and Natural Resources (DENR) here in Northern Mindanao. In their report to the DENR 10 Regional Director Ruth M. Tawantawan, the Protected Area Management and Biodiversity Conservation Section (PAMBCS) Regional Cave Assessment Team said that two out of the 113 caves assessed have been officially classified under Class “II.” The other caves assessed, although given initial classifications by the DENR, are still subject to an official classification by the Regional Cave Committee (RCC).
www.businessweekmindanao.com
2014 ppi’S Best in ENVIRONMENTAL Reporting Friday | February 5, 2016
M’danao gets relief from new coal plants
S
By CARMELITO Q. FRANCISCO, Correspondent
UPPLY in the Mindanao grid received a boost starting on Monday with the full operation of the new 300-megawatt (MW) coal-fired power plant of Aboitiz Power Corp.’s Therma South Inc., but allocation to power utilities remain tight.
Another 105 MW of coalfired power is expected to be available within the first
quarter from the Alcantaraled Sarangani Energy Corp.’s (SEC) plant in Sarangani
P15.00
province. “Our problem now is the transmission facilities,” said Vicente T. Lao, chair of the Mindanao Business Council as well as the Mindanao Electric Power Alliance (MEPA). MEPA, which groups the southern island’s electric cooperatives and private distributors, is scheduled to relief/PAGE 7
BRISK SALES. Surgical masks sell like hotcakes near the Northern Mindanao Medical Center (NMMC) in Cagayan de Oro City where the 36-year-old woman from Singapore was hospitalized after having diagnosed as having symptoms of the dreaded Middle East Respiratory Syndrome corona virus (MERS-CoV). The vendor says her surgical masks are selling like hotcakes at P25 each. photo by gerry lee gorit
Peace process continues 12-hr brownout despite non-passage of BBL to hit parts of GOVERNMENT of t he Philippines Chief Negotiator Mirriam Coronel-Ferrer said that the Bangsamoro peace process will continue even though the 16th Congress closed sessions Wednesday without passing the proposed Bangsamoro Basic Law (BBL). “The collective inaction of our legislators to complete the deliberation on the
BBL did not, and will not, stop the momentum of the Bangsamoro peace process,” Ferrer said in a statement on Wednesday. “At this low point, we call for sobriety and perseverance.” Ferrer said the Comprehensive Agreement of the Bangsamoro (CAB) from which the proposed peace/PAGE 7
M’danao Sunday
THE National Grid Corporation of the Philippines (NGCP) on Thursday announced a 12hour blackout in some parts of Mindanao on Sunday due to “regular maintenance” of its major transmission lines. Beth Ladaga, of the NGCP’s corporate communication brownout/PAGE 7
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776
BusinessWeek MINDANAO
2
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
friday|February 5, 2016
Bank donates funds for Chinese street posts DAVAO City -- Banco de Oro has donated funds, part of it now being used for Chinese sign posts to be put up in Ramon Magsaysay Avenue inside Davao City’s Chinatown District. “We are targeting to finish the installation by the second quarter of this year.” Said
Jasper Huang of the Davao City Chinatown Development Council. Banco de Oro and the DCCDC has signed a memorandum of agreement (MOA) for the promotion of the Davao City Chinatown. The bank donated P3.5 donates/PAGE 7
BROADCASTING DAILY AT 1368 ON AM BAND AND ON PARASAT CABLE TV AT CHANNEL 5
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor: Nelson Constantino
Economy
DAR, IFAD officials visit MisOr ARB Coop OFFICIALS of the Department of Agrarian Reform and the International Fund for Agricultural Development (IFAD) visited the Linabu Agrarian Multipur pose Cooperative (LAMPCO) in Linabu, Balingasag, Misamis Oriental and toured their coco sugar processing plant on Thursday, January 21, following the official launching of Proj e c t C onVERGE (Convergence on Value Chain Enhancement for Rural Growth and Empowerment) earlier in the day. Linabu is part of one of the 91 agrarian reform communities (ARCs) in 11 ARC clusters that will take part in the six-year project. Among those who joined the activity were DAR Undersecretary for Foreign Assisted and Special Projects Herman Ongkiko, DAR Central Office Project
active suppliers of coco sap, 48 coco sap gatherers, and 26 workers in the cooperative. At the start of the project, their production was at 3 kilos a day, then grew to 10 kilos a day, then increased to 50 kilos a day, until they produce up to 9 tons a month. Lately, they reduced their production to 3 to 6 tons a month because of dwindling supply of the coco sap due to the prevailing El Niňo phenomenon in this part of Mindanao. Pejoro also said that their coco sugar product can now be seen in malls such as SM and Metro Gaisano-Cebu, and they have 3 bulk buyers in Manila. They also export their products to Japan. With the help of the Department of Trade and Industry (DTI) that provided equipment and short-service facility programs to the cooperative, their product is now Halal-
Management Ser vice (DARCO-PMS) Director Maria Celerina Afable, DAR-X Regional Director Faisar Mambuay, DAR-X Assistant Regional Director for Operations Teresita Depeñoso, DAR Misamis Oriental Provincial Agrarian Reform Program Officer II Zoraida Macadindang, IFAD Manager for Southeast Asia Benoit Thierry, and IFAD Country Program Officer Yolando Arban. According to LAMPCO general manager Maria Virgenia Pejoro, the main enterprise of the cooperative is their coco sugar production. The cooperative was registered w i t h t h e C o o p e r at i v e Development Authority on June 24, 1997 with 48 members. As of date, their membership grew to 360 members. The cooperative has 28
certified, which enables them to export their coco sugar to the Middle East. Thierry expressed hope that the activity will go far beyond the coco sugar production and would be a value chain and that the farmers would be able to profit from it. US ec. Ongkiko said the LAMPCO is the first cooperative of agrarian reform beneficiaries to have ventured into coco sugar in the country with the help of other government agencies. He said, “Ang pagsamasama namin sa gobyerno ay tulong sa mga organisasyon. Ang pakay po ng DAR, DTI, PCA at ng DA ay hindi lamang ang pagtaas ng kalidad ng produkto o kaya yung productivity. Ang puno’t dulo ay tataas ang income ng bawat miyembro ng organisasyon.” (Ressan Nash N. Alonto/ERS, DAR-10/PIA)
Tirso Neri St., Cagayan de Oro City Accommodations and rates
Pinakalami-an!
DALTAN’S KAMBINGAN Kambingan, Bulalohan, Native Manok, Seafoods, Chicken Inasal, Halal. Tiano Corner JR. Borja St. | OPEN 24 HOURS!
Single Room Standard Room Twin-bed room Deluxe Room Suite Room Family Room
-
P650.00 P850.00 P900.00 P1000.00 P1300.00 P1500.00
Features and Amenities Coffee Bar Spa Business Center Laundry Medical Tourism Tel #: 088-309-2222/ 08822-72-2222/ 088-857-4447 Sun Cell #: 0922-821-9728 Email: info@victoriasuitesonline.com Website: www.victoriasuitesonline.com
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
13
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
CorporateWorld
friday|February 5, 2016
3
Floirendo-led Anflocor to break ground on industrial park in Davao del Norte By CARMELITO Q. FRANCISCO, Correspondent
DAVAO City -- The Anflo Management and Investment Corp. (Anflocor) on Monday is set to break ground on its 63-hectare (ha) Anflo Industrial Economic Zone in Panabo City, Davao del Norte, one of the company’s major
projects this year, which will also include potential new joint ventures with the Ayala Group. The Philippine Economic Zone Authority-certified industrial zone, part of an 88-ha mixed-use complex
Mitsubishi January sales surge 50%
with residential, commercial and academic components, will house agro-industrial and light manufacturing companies. “The project can potentially create thousands of jobs, increase trade in the city, and thus boost the local economy,” Ricardo F. Floirendo, vice-president of Anflocor’s real estate subsidiary Damosa Land, Inc. and head of the economic zone project, said in a
MITSUBISHI MOTORS Philippines Corp. (MMPC) on Wednesday said it saw a surge in sales in January, despite issues hounding the Montero Sport. In a statement, MMPC said it sold 4,867 units in January, 14% up from December, and 50% higher than January 2015 figures. The company said the allnew Montero Sport accounted for nearly a third of January’s total sales with 806 units. Another 816 units of the previous Montero model were also sold in January. “In spite of the issues that hounded the Montero Sport last year, we are truly delighted with the outcome of total reservations received as well as actual sales turnout last
month. It confirms the market’s confidence in the Montero Sport brand,” MMPC First Vice-President for Marketing Froilan Dytianquin was quoted in the statement as saying. Late last year, reports surfaced that some Montero Sport owners experienced sudden unintended acceleration incidents involving their vehicles. The company denied the allegations, saying the Montero Sport is not defective. MMPC is targeting a 25% increase in sales to 67,800 units this year, higher than the 54,087 units it had sold in 2015. MMPC finished 2015 with a market share of nearly 17%, maintaining its position as the second top seller of cars in the country.
T H E c ou nt r y ’s l a r g e s t budget airline on Wednesday reported a 9 percent increase in passenger traffic in 2015, exceeding its target of 18 million passengers. Cebu Pacific said it flew 18.4 million passengers in 2015, higher from 16.9 million passengers flown in 2014. The airline’s average load factor, which pertains to number of seats occupied, was at 83 percent in 2015. Cebu Pacific said growth in passenger volume was largely driven by the airline’s cebupac/PAGE 6
Smart Condominium launched it's latest promo last Saturday January 30, 2016 at the ground floor of Smart Condominium building, Fr. Masterson Avenue, Barangay Upper Canitoan, Cagayan de Oro City. The promo named "All you need is Love" or "All you need is Pag-IBIG" was attended by almost a hundred licensed agents and brokers. To deliver details on how to avail Smart Condominium units through Pag-IBIG was Ms. Alymore CamachoAtienza of Pag-IBIG. Ms Atienza said that Smart Condominium is one of the first condominium projects accredited and approved by Pag-IBIG because of its full compliance with Pag-IBIG requirements including the availability of individualized Condominium Certificate of Titles. She also said that the selling price of Smart Condominium matches with the appraisal value of Pag-IBIG making it very affordable. The audience was very impressed with the high standard of construction and amazed at the advance high technology used by Smart Condominium using imported gadgets from Korea. After the launching all brokers and guests were treated to lunch from
678 CHICKEN located in Grand Central hotel this city. This was followed by raffles and open forum. BPI was also represented at the event by Mr. Mark Vincent Sumido, who said that some time within February BPI accreditation of Smart
Condominium will be approved also. Smart Condominium has OPEN HOUSE Monday-Friday, 9am5pm. It is located across the main gate of Xavier Estates. Smart Condominium also has a model unit open for viewing daily at SM Mall.
statement released over the weekend. Locators at the industrial zone are expected to use the adjacent Davao International Container Terminal, which is also owned by Anflocor of the Floirendo family. “We believe that [the project] will help develop not only the city but the entire Davao region as a premier business and investment d e s t i n at i on ,” s a i d M r. Lagdameo.’’
Meanwhile, Anflocor President Anthony Alexander N. Valoria said the company’s other subsidiaries are gearing up for expansion this year. Mr. Valoria said they “will launch other projects this year” as it strengthens its partnership with the Ayala group. Anf lo cor and Aya l a Land, Inc. have existing partnerships for shopping malls and condominiums in the cities of Davao and
Cagayan de Oro. For the flagship banana pro duction and exp or t operations, Anflo Banana Corp. is expanding its farm areas in Davao del Norte, Compostela Valley and Davao Oriental. A n f l o c o r ’s Ta g u m Agricultural Development Co., Inc. is the country’s biggest banana producer and exporter. Its main production area is located in Panabo City.
Cebu Pacific reports 9% hike in passenger traffic in 2015
BusinessWeek MINDANAO
4
Opinion
2013 ppi’S Best in Business and Economic Reporting 2014 ppi’S Best in ENVIRONMENTAL Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
friday|February 5, 2016
BusinessWeek MINDANAO
YOUR LOCAL ONLINE BUSINESS PAPER
www.businessweekmindanao.com
Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO
ALLAN mario MEDIANTE
Vice President for CorporateAffairs
Joe felicilda
Vice President for Administration
joe palabao
Vice President for Marketing
NELSON CONSTANTINO Editor-in-Chief
Cheng ordoñez
gilbert y. chao
Executive Editor
Motoring Editor
BONG FABE
CLIFFORD SANTILLAN
JUN AYENSA
mel-rose codilla
Associate Editor
Layout Artist Advertising
Regional Editor Caraga
ATTY. MARIO T. JUNI
Cris diaz mike baños Uriel quilinguing Contributing Editors
Cell No: 09352379999
Juni Law Office Cruz Taal St., CDO Legal Counsel
MARKETING staff manila office: Unit 310 Valero Plaza, Valero Street, Salcedo Village, Makati City; lani vallido-Marketing Manager ARJAY FELICILDA Marketing Staff - CDO
The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463826-272-000 – VAT. Reg., and with Business Permit No. 201512879. Tel. Nos.: (088)8578447, 74-5380, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com
Member: Philippine Press Institute
A call to elect only the godly in 2016 LIFE’S INSPIRATIONS: “… ` w h o e v e r w a n t s t o become great among you must be your servant, and whoever wants to be first must be slave of all. For even the Son of Man did not come to be served, but to serve, and to give his life as a ransom for many’…” (Jesus, our God and Savior, in Mark 10:43-45, the Holy Bible). -ooo A CALL FOR BELIEVERS TO BAND TO GETHER FOR 2016 POLLS: To all voters who profess faith in God, no matter what your religions maybe, let us band together now and assure the election of candidates in the May 2016 elections who fear and love God, and who have a track record of publicly displaying that fear and love of God everyday, not only during election time. For too long a time, we have given our votes to people who do not deserve to be elected because they have no agenda for God but only agenda for themselves and their families, and it is clear that this has caused misery, pain, suffering, and utmost poverty to many of us. For too long a time, candidates who were even ashamed to talk about God in their campaign---and thus took God for granted when they ultimately won--have been winning.
Oro Chamber
If we want to change ourselves and our country f o r t h e b e t t e r, w e , a s believers of God who fear and love Him truthfully and sincerely, must now insist to ask candidates if they even have any plan to pursue spirituality and righteousness if they get elected, and, if possible, to ask them to write down and sign this plan and its specifics, so we can hold them accountable to it afterwards. -ooo THE DOCTRINE OF CHURCH AND STATE, WHAT IT MEANS: Marietta Reyes, an avid reader of our daily Facebook posts our English and Filipino columns at www.facebook. com/attybatas, sent a question to me: if we require candidates to present an agenda on God, or on how to strengthen the spirituality and righteousness of our people, are we not violating the doctrine of the separation of Church and State? Well, this query is not new, and, in fact, had already been explained in the past by a former Chief Justice of t he Supreme C our t, Artemio Panganiban. As we said in our past items here: “Indeed, as former C h i e f Ju s t i c e A r t e m i o Panganiban so ably pointed out, there is no separation of the Philippines, as a state,
from God even if in its Constitution it has decreed a separation of the church and state. -ooo P U S H I N G SPIRITUALITY DOES NOT VIOLATE SEPARATION OF CHURCH AND STATE: “Basically, Panganiban is saying that the Philippines as a state believes in God, and that even its present Constitution, promulgated by the first President Aquino in 1987, confirms that belief in God by its invocation of the Almighty God’s aid. “That being the case, there should really be no problem as there should be no serious objection if government leaders, no matter what their religion maybe, would be pushing spirituality as a way of life, as distinguished from mere religious affiliation among Filipinos, in an attempt to improve their economic status.” -ooo JESUS, AND WHO HE TRULY IS: If Jesus Christ is preached as someone other than what He truly is, are we, His believers and who have been inspired to know who He truly is, to remain silent and simply allow that preaching to happen? The answer is no, and that anwer is not even from me, but from Paul, the lawyer who wrote almost half of the New Testament of the
K akampi
Mo A ng Batas
Atty. Batas Mauricio Bible. Here was w hat Pau l wrote: “… For if someone comes to you and preaches a Jesus other than the Jesus we preached, or if you receive a different spirit from the Spirit you received, or a different gospel from the one you accepted, you put up with it easily enough… such people are false apostles, deceitful workers, masquerading as apostles of Christ…” -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 H O U R S a d ay, i n t h e Philippines and the world at w w w. f a c e b o o k . c om / angtangingdaan or www. facebook.com/ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.
Now back to reality
A Better Way Think a minute…You know that all of the world’s progress has come from people who just weren’t satisfied to let well enough alone. Sir Francis Bacon said: “Acorns and nuts were good, until someone invented bread.” So after you’ve succeeded a little, don’t make the mistake of stopping. If you can’t think up a new idea or invention, then find a way to improve an old one. Someone said: “The difference between ordinary and extraordinary is that little extra.” Remember, the enemy of the best is second best. So if you’re satisfied with just what’s good, you’ll never have the best. A famous sports coach said: “It’s what you learn after you know it all that really counts.” When you think you know it all, you stop improving. If we think we’ve arrived, we’ll get left behind. Successful people keep looking for better work even after they’ve found a job. “We may all live under the same sky, but we don’t all have the same horizon.” Expanding your horizons means choosing to see the bigger picture and opportunities for success all around you. A woman’s view of life was changed forever when in a restaurant she met Picasso, the world-famous artist. She asked him to write something on her dinner napkin. Picasso scribbled something quickly
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
THINK
A Minute
Jhan Tiafau Hurst and said to her: “That will be $10,000.” Shocked, the woman said to him: “But you did that in just thirty seconds!” Picasso answered: “No, it’s taken me 40 years to do that.” God’s given each of us so much potential. We can, and should, keep learning and improving all our life. So if what you did yesterday is still good enough for you, then you haven’t done much today. Don’t just “get by”, get high on life by always learning new things every day. You see, when God stretches you, you never snap back to your original size and shape. You’re always a bit bigger and better than before. So why not ask Jesus to forgive you for not living up to the kind of life He created you to live? Then ask Him to take charge and start showing you every day His better way. Just Think a Minute…
This is now t he big ger challenge. After the euphoric and apotheosislike week of the International Eucharistic Congress, when all the big talks, powerful testimonies, most moving public display of popular piety in Masses and processions, etc., have died down, what are we to do now as we face the ordinar y routine of our life? We should not allow ourselves to be selfsatisfied by the huge success of the Congress. Wh i l e it’s t r u e, t han k s be to God, that the IEC showcased the high level of faith, hope and charity of our people, we should not forget that there are still a lot more, in fact, endless t h i ng s t h at n e e d to b e worked on and improved insofar as our Christian life is concerned. This is now the bigger challenge. Can we sust ain t he momentum of t he IEC? C an we b e c ons iste nt and f ait h f u l to the many precious lessons and insights we must have har vested in that great Congress? Can t h e s e pre c i o u s l e s s on s and insights tackle t he cont inuous f low of challenges in the real time of our life? C onsidering that we
are usually good at the beginning of things and start to deteriorate even by the end of the first day, what should we do to keep ourselves afloat with our good intentions and pious desires that we must have generated at the Congress? We have to realize that it’s not everyday that we be given the hoopla of big ideas, powerful testimonies of extraordinar y life stories, colorful shows of popular piety and cultural events. These happen few and far between. We have to know how to live out our Eucharistic spirit in the ordinar y things of our daily life, acquiring the appropriate attitudes, skills and habits, and pursuing it to wherever this authentic Eucharistic spirit would lead us. During the Congress, I have heard many beautiful s t o r i e s o f c o nv e r s i o n , renewal, repentance, resolve to be better, etc., both inside and outside of the confessional. I just hope and pray that these impulses spark the engine of a st able and vibrant spiritual life. We a l l k n o w t h a t conversion is a matter of a moment, but sanctification is that of a lifetime. The s e e d of g r a c e t h at h a s entered the mind and heart
has to grow and bear fruit in one’s words and deeds, and ought to spread around widely by some process of spiritual pollination. That happens when we actively do personal apostolate. We n e e d t o a v a i l of s om e e f fe c t i v e p l an of action to keep our Euchar ist ic spir it a live and strong. Without this plan, we end up standing precariously against the wind of all kinds of challenges, predicaments and tempt at ions of t he world. Without this plan, ideals remain ideals, good intentions are unable to translate into action. We can easily be dominated not so much by big temptations and sins as by the small and ordinar y ones li ke l a z i n e s s , c omp l a c e n c y, self-centeredness, disorder, gossiping, rash judgments, irritability, jealousy, etc. These latter anomalies can inflict us greater harm and damage because they can pass unnoticed and can readily be regarded as normal. The big temptations and sin usually arouse immediate concern, while the small a n d ord i n a r y on e s a re like those constant drips that would eventually make great havoc on t he found at ions of our spiritual life.
HINTS
and
Traces
Fr. Roy Cimagala The big temptations and sins immediately grab our attention while the small and ordinary ones have a lulling and desensitizing effect on us. We can easily get used to them. We h a v e t o k e e p enlivening our Eucharistic spir it w it h t he supp or t of some plan of life that would include moments of prayer, recourse to the sacraments, some spiritual reading, etc., so that we would be always reminded of t h e g re at s c op e an d r ange of ou r C h r i st i an duties to God, to others and to ourselves. A vibrant Eucharistic spirit would always push us to reach out to the others in an ever widening way. Our concern for them should not only quantitative but also qualitative. We should increasingly enter deep into their lives.
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
Banking&Finance
Sin tax collection rise 20%
T
H E P h i l i p p i n e s’ universal healthcare program will get additional boost as sin tax collections continue to post large increases. Data released by the Bureau of Internal Revenue (BIR) Tuesday showed that the government once again surpassed its target in 2015 after collecting P141.84 billion, or 19.11 percent higher than the P119.08 billion target for the year. Of the total, tobacco
Senate OKs reforms in credit card industry
products posted the highest contribution amounting to P100.02 billion, or 29.09 percent higher than the P77.48 billion target for last year. Fermented liquors followed at P28.26 billion. This is, however, 1.01 percent lower than the P28.55-billion target. Taxes from distilled spirits and compounded liquors came in third at P13.51 billion, 3.59 percent higher than the P13.04 billion target.
Wines contributed the least taxes at P50 million but it posted the largest excess vis-a-vis the target after it jumped 426.4 percent against the P10-million goal. Compared to the 2014 sin tax collections, last year’s total collections rose 25 percent from P112.8 billion. In 2014, excise tax from tobacco products amounted to P75.51 billion, fermented liquors - P24.74 billion; distilled spirits/compounded liquors - P12.52 billion; and
THE Senate on Monday approved on third and final reading its amended version of House Bill 5417 – otherwise known as the ‘Act Regulating the Philippine Credit Card Industry - with the measure garnering all the 16 votes from the senators who constituted the quorum. The House of Representatives had passed the original version of HB 5417 in February 2015. reforms/PAGE 6
Luggage Sale at The SM Store Getting ready for your summer vacation? Avail big savings and discounts up to 50% off on selected items at The SM Store's Luggage Sale happening now until February 29.
For inquiries, please call the Marketing Department thru 859-1188.
wines – P40 million. The country’s Sin Tax Law was amended in December 2012 in a bid to align the taxes to current prices instead of the 1996 prices. The Reformed Sin Tax Law took effect in 1 January 2013. Aside f rom aligning taxes to current prices, it also targets to curb cigarette use among the young and the poor as these are the vulnerable group in terms of tobacco-related diseases. tax/PAGE 6
BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
5
2014 ppi’S Best in ENVIRONMENTAL Reporting
friday|February 5, 2016
UnionBank eyes steady growth in loan portfolio A B O I T I Z - L E D Un i o n Bank of the Philippines (UnionBank) is seeking to sustain the growth in its loan portfolio this year, expecting expansion in both consumer and corporate segments, its top executive said. Edwin R . Bautista, UnionBank president and chief operating officer said the bank’s total loan book stood at P190 billion in 2015. “The growth rate of our loans was about 40% last
year alone. We’ll probably grow another 40-30% this year,” Mr. Bautista said in a recent interview, adding that both consumer and corporate loans are seen to expand in 2016. UnionBank recorded lower earnings in 2015 on the back of higher expenses and amid an industry-wide slump in trading gains, even as its main businesses grew last year. growth/PAGE 6
BusinessWeek MINDANAO
6
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
friday|February 5, 2016
CebuPac... from page 3
low-cost long-haul services, and increased frequencies in key domestic markets. The airline also posted notable passenger growth in international destinations such as Hong Kong, Tokyo (Narita) and Nagoya in Japan, and Beijing and Shanghai in China. Passengers flown on Cebu Pacific’s long-haul routes grew by 146 percent year-on-year, on the back of increased presence in Australia and the Middle East. The airline carried over 150,000 passengers between Manila and Sydney for full-year 2015. Based on the latest report from Australia’s Bureau of Infrastructure, Transport and Regional Economics (BITRE), the airline remains the largest carrier on the Manila-Sydney route, with 40 percent market share from November 2014 to October 2015. During this period, overall traffic between Manila and Sydney also grew by 69 percent. Passenger growth on flights to and from the Middle East remained robust, driven by sustained capacity between Manila and Riyadh, Kuwait, and Dubai, and the launch of Manila – Doha in June 2015. Among the Middle East routes, flights between Manila and Dubai posted the highest number of passengers, with over 230,000 guests flown in 2015. Passengers flown to short-haul international destinations such as Hong Kong, Japan and China also increased. Passenger volume to and from Japan, in particular, grew by 39 percent to over 280,000 in 2015 as the airline successfully stimulated traffic with the launch of its operations from Manila and Cebu to Tokyo (Narita), and Manila to Nagoya. The airline also mounted flights between Manila and Fukuoka, its fourth destination in Japan, in December 2015. In the Philippines, the number of domestic passengers increased by 7.41 percent in 2015, following
added frequencies between Manila and Tagbilaran (Bohol), and Cebu and Tandag (Surigao del Sur). Both routes posted over 100 percent in passenger growth year-on-year. “Last January 3, 2016, the Cebu Pacific Air group carried a total of 62,947 passengers—the highest number of travellers we have ever flown in one day. This scalable growth in our key domestic and international markets reflects our commitment in driving trade and tourism in the countries we operate in, and enabling more travellers to connect with families and friends around the globe,” JR Mantaring, Cebu Pacific’s vice president for Corporate Affairs said. The airline offers flights to a network of over 90 routes on 64 destinations, spanning Asia, Australia, and the Middle East. It is slated to launch direct flights between Manila and Guam, its first US destination, on March 15, 2016. Cebu Pacific’s 57-strong fleet comprises 8 Airbus units, A319, 35 Airbus A320, 6 Airbus A330, and 8 ATR 72-500 aircraft. Between 2016 and 2021, CEB expects delivery of three more brandnew Airbus A320, 30 Airbus A321neo, and 16 ATR 72-600 aircraft.
Tax...
from page 5 Proceeds of the Reformed Sin Tax Law was mandated to be used for the government’s universal healthcare program and livelihood programs for tobacco farmers. Finance Secretary Cesar Purisima said the rise in sin tax collections “is not a small feat.” “I expect (BIR) Commissioner (Kim) Henares and the BIR to continue to expand the fiscal space we need to invest more heavily in universal healthcare,” he said. “With the figures in for its third year of implementation, Sin Tax Reform is a lesson in good governance: sound policy and tough enforcement going hand in hand to deliver results for the uncovered and most vulnerable,” he added.
NEW LIGHT PAWNSHOP Main: Gen. Capistrano Neri St., Cagayan de Oro City Branch: Don. S. Osmeña St., Fronting Public Market, Cagayan de Oro City NOTICE OF AUCTION Starting February 12-13, 2016 (Friday & Saturday) at 9:00 A.M. to 5P.M., this establishment will set an Auction Sale on all pledges since September 2015. Patrons are enjoined to verify their receipts. MANAGEMENT PAHIBALO Sa Pebrero 12-13, 2016 (Bernes ug Sabado) sa may 9:00 sa buntag paingon sa alas 5:00 sa hapon, ang tanan nga penirenda nga wala malukat sa bulan sa Septyembre 2015 maapil sa subasta. Giawhag ang tanan suki sa pagsusi sa ilang resibo. BWM feb. 5, 2016 ANG TAGDUMALA GREAT VALUE PAWNSHOP V. Catro St., Carmen, Cagayan de Oro City NOTICE OF AUCTION Starting February 12-13, 2016 (Friday & Saturday) at 9:00 A.M. to 5P.M., this establishment will set an Auction Sale on all pledges since September 2015. Patrons are enjoined to verify their receipts. MANAGEMENT PAHIBALO Sa Pebrero 12-13, 2016 (Bernes ug Sabado) sa may 9:00 sa buntag paingon sa alas 5;00 sa hapon, ang tanan nga penirenda nga wala malukat sa bulan sa Septyembre 2015 maapil sa subasta. Giawhag ang tanan suki sa pagsusi sa ilang resibo. ANG TAGDUMALA BWM feb. 5, 2016
Growth... from page 5
In its consolidated balance sheet and income statement filed with the Philippine Stock Exchange, the bank said its consolidated net income for 2015 reached P6.016 billion, down from 2014’s P8.407 billion. The bank’s net income stood at P12.151 billion in 2015, up from P10.784 billion the year prior, while other income reached P7.925 billion for the January to December period. Its interest income reached P16.39 billion, higher than the P15.1 billion it booked in 2014. Weighing on the bank’s earnings, meanwhile, were lower trading gains, which tumbled to a net P274.226 million last year from the P3.251 billion recorded in 2014. Higher expenses also pulled down its income. Other expenses also reached P11.25 billion last year, up from the P9.82 billion seen in 2014. Last September, Mr. Bautista said there is a move to push retail banking since the margin is very good. He said then that consumer
lending -- auto loan, mortgage, salary loans -- makes up “more than half” of UnionBank’s lending portfolio -- with teachers’ loans from its thrift unit City Savings Bank Inc. seen driving the expansion -- while the rest are commercial loans. Meanwhile, Mr. Bautista said there are foreign firms seeking to partner with UnionBank, but the listed lender is currently not in need of one. “Entertaining [foreign partners]? They are knocking. I think they are approaching everyone. But hindi pa naman namin kailangan (We don’t need a partner yet),” he said.
Reforms... from page 5
Under the Senate’s amended version, the Bangko Sentral ng Pilipinas (BSP) is given the authority to regulate the local credit card industry, including the issuance of the rules of conduct, establishment of standards, and ensuring compliance with these regulations. The BSP is also given the
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 43 Gingoog City NOTICE OF EXTRA-JUDICIAL SALE File No. 213-2016
authority to limit and prohibit the charging of annual membership fees for credit cards under the proposed law. In November last year, the Credit Card Association of the Philippines (CCAP) expressed disagreement with the setting of interest charge limits, over fears that credit companies would tighten their credit card requirements to offset the risks involved with such financial services. As of November 2015, the CCAP said that around 10 to 15% of the loan portfolios of large banks are exposed to credit card services, with an estimated P130 billion worth of receivables. Disclosure of essential information
to credit card holders and potential card owners has also been included in the bill, which includes among others the finance charges for unpaid amounts after due date, the periodic (annual/monthly) interest rate, the default late payment fees, as well as other dues including the membership or renewal fees, processing fees and over-the-limit fees. The same measure also prohibits harassment and abuse in the manner of debt collection, with the central bank defining the limits of debt collectors in collecting dues. Violators of any provision of the bill will be subject to a prison term of two years to 10 years and a fine of P50,000 to P200,000.
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 43 Gingoog City NOTICE OF EXTRA-JUDICIAL SALE File No. 214-2016 Upon Extra-Judicial Petition for sale under Act 3135 as amended by Act 4118, filed by RURAL BANK OF CABADBARAN (AGUSAN) INC, represented by Pres./Gen. Manager HORACIO L. SORIANO, whose Office Address at Cor. Garame & Cabiltes Streets. Cabadbaran Agusan del Norte, against SPS. VICENTE T. TALAN AND IMELDA P. TALAN of Brgy. Cabubuhan, Magsaysay, Misamis Oriental, to satisfy the Mortgage indebtedness which as of December 29, 2015 have amounted to ONE MILLION ONE HUNDRED FIFTY FOUR THOUSAND NINE HUNDRED SIXTY FOUR (Php 1,154,964.00) PESOS representing total unpaid principal, interest and penalties, attorney’s fees, and other litigation expenses and excluding other expenses that may be hereinafter incurred, the undersigned Sheriff will sell at public auction to the highest bidder for CASH on March 28, 2016 at 9:00 o’clock in the morning to 4:00 o’clock in the afternoon at the Regional Trial Court, Branch 43, Hall of Justice, Dugenio St., Gingoog City, the following properties with all the improvements existing thereon, to wit:
Upon Extra-Judicial Petition for sale under Act 3135 as amended by Act 4118, filed by RURAL BANK OF CABADBARAN (AGUSAN) INC, represented by Pres. /Gen. Manager HORACIO L. SORIANO, whose Office Address at Cor, Garame & Cabiltes Streets, Cabadbaran Agusan del Norte, against JESUS TAGUD AND ADELA DAIRO TAGUD rep. by ELSA C. TAGUD of Barra, Brgy. 22-A, Gingoog City, to satisfy the Mortgage indebtedness which as of December 29, 2015 have amounted to ONE HUNDRED FORTY FOUR THOUSAND SEVEN HUNDRED EIGHTY (P144,780.00) PESOS representing total unpaid principal, interest and penalties, attorney’s fee, and other litigation expenses and excluding other expenses that may be hereinafter incurred, the undersigned Sheriff will sell at public auction to the highest bidder for CASH on March 28, 2016 at 9:00 o’clock in the morning to 4:00 o’clock in the afternoon at the Regional Trial Court, Branch 43, Hall of Justice, Dugenio St., Gingoog City, the following properties with all the improvements existing thereon, to wit :
A parcel of land including all the improvements found thereon, Lot 35, Bsd 140-002991, portion of Lot 397, Csd 556-D, Magsaysay Cadastre situated at Brgy. Cabubuhan, Pob. Magsaysay, Misamis Oriental, Island of Mindanao. Bound on the SW., along line 3-4 by Lot 401, Cad 556-D, Magsaysay Cad. NW & NE., along lines 4-1-2 by road Lot 55; on the SE., along line 2-3 by lot 36, both of the subdivision Plan 6.00m wide of BSD-10-002991.x x x. containing an area of Two Hundred Seventy Seven (277) sqms. more or less, x x x, registered in the name of Sps. Vicente and Imelda Talan, x x x
TRANSFER CERTIFICATE OF TITLE NO. EP-210
TRANSFER CERTIFICATE OF TITLE NO. T-55141
A parcel of land including all improvements found thereon, (Lot 1-B-3, Psd-10-006557 (OLT) being a portion of Lot 1-B, Psd-10-004195) situated at Brgy. Cabuyoan, City of Gingoog, Province of Misamis Oriental. Island of Mindanao. Bounded on the NW., and on the NE., along line 1-23 by Lot 1-B-4; on the SE., along line 3-4 by Lot 1-B-4; along line 4-5 by Lot 1-B-2, all of the subdivision plan: on the W., along line 5-1 by Heirs of Julie Mercado, x x x, containing an area of Two Hundred Eighty Three (283) sqms. more or less, x x x, registered in the name of Jesus Tagud and Adela Dairo Tagud, x x x.
A parcel of land including all the improvements found thereon Lot 36, Bsd-10-002991, portion of Lot 397, Cad.556-D, Magsaysay Cadastre, situated at Brgy. Cabubuhan, Pob. Magsaysay, Misamis Oriental, Island of Mindanao. Bounded on the SW., along line 2-3 By lot 401, Cad 556-D, Magsaysay Cad., on the NW., along line 3-4 by lot 35, on the NE., along line 4-1 by road lot 55 (6.00m wide) On the SE., along line 1-2 by Lot 37, all of the subdivision plan of BSD-10-02991, containing an area of Two Hundred (200) sqm. More or less, x x x registered in the name of Spouses Vicente Talan and Imelda Talan, x x x
All sealed bids must be submitted to the undersigned on the above stated date and time. In the event the public auction should not take place on the said date, it shall be held on next working day without further notice and publication. The prospective buyer/s may investigate for themselves the title of herein described property/properties and the encumbrances thereon, if any there be. Gingoog City, January 27, 2016
All sealed bids must be submitted to the undersigned on the above stated date and time. In the event the public auction should not take place on the said date, it shall be held on the next working day without further notice and republication. The prospective buyer/s may investigate for themselves the title of the herein described property/properties and the encumbrances thereon, if any there be. Gingoog City, January 27, 2016
FOR THE EX-OFFICIO SHERIFF BY: (SGD.) FLORA C. PEREZ Sheriff IV RTC-Branch 43 Gingoog City
FOR THE EX-OFFICIO SHERIFF BY: (SGD.) FLORA C. PEREZ Sheriff IV RTC-Branch 43 Gingoog City
BWM Feb. 5, 12 & 19, 2016
BWM Feb. 5, 12 & 19, 2016
TRANSFER CERTIFICATE OF TITLE NO. T-55140
BusinessWeek MINDANAO
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
2013 ppi’S Best in Business and Economic Reporting
friday|February 5, 2016
Relief... from page 1
meet today with the Mindanao Power Monitoring Committee to discuss lingering power concerns, particularly those relating to the National Grid Corporation of the Philippines (NGCP), the private firm that operates the country’s transmission facilities. ATTACKS Mr. Lao said the NGCP and the government need to immediately address the problem relating to the protection of transmission towers, several of which have been attacked since December, resulting to the isolation of power supply sources. The attacks on the towers have been largely attributed to right-of-way issues with the owners of the properties where these are located, but Mr. Lao said there could be other underlying matters that must be explained to stakeholders. The supply problem is also partly attributed to the prevailing dry spell caused by El Niño, leaving low water levels in the Agus and Pulangi hydropower complexes, which supply more than half of Mindanao’s requirement. Davao Light and Power Co., the biggest buyer from the Mindanao grid with a contracted supply of 279 MW, continues to have scheduled power interruptions of 30 minutes to one hour until Feb. 7, citing “reduced capacity due to El Niño and the collapsed towers due to bombing.” Davao Light covers Davao City and parts of Davao del Norte. In General Santos City, another economic center in Mindanao, the South Cotabato Electric Cooperative (SOCOTECO) II advised customers on Feb. 2 that it had to implement a “threehour brownout due to deficit supply within its franchise area, as caused by reduced supply allocation.” Apart from General Santos, SOCOTECO II distributes power to Polomolok and Tupi in South Cotabato and the whole of Sarangani province. Meanwhile, the Sarangani plant is now under the commissioning phase. “ S E C b e g a n synchronization and testing last January 14 and it has been connected to SOCOTECO 2 since then,” Oscar Benedict E. Contreras III, corporate communications head of the Alsons Power Group, said in an e-mail reply to BusinessWeek Mindanao. “We confirm that the first 105-MW section of the [SEC] power plant in Maasim, Sarangani is on track to begin commercial operations as scheduled within the 1st quarter of this year (2016),” he said. The plant’s first unit is contracted to provide power to parts of the provinces of Sarangani, Compostela Valley, Agusan del Norte, Agusan del Sur, Davao del
Norte and South Cotabato; the independent cities of General Santos and Iligan; and Butuan City, the center of the Caraga Region. The SEC plant’s full 210MW capacity is expected to be online in 2018. M r. L a o , h o w e v e r, stressed that household, commercial and industrial consumers would not be able to fully benefit from these new generation facilities if problems in the transmission system are not resolved.
Peace... from page 1
BBL was created, “remains a signed document that binds the Government of the Philippines and the Moro Islamic Liberation Front (MILF) to their respective obligations in order to seal the peace…” Ferrer said the CAB reflects the “diverse interests” of stakeholders concerned in the creation of a Bangsamoro region and promotes social justice through equal distribution of wealth in Muslim Mindanao. She added that CAB also provides mechanisms for t he t ransfor mat ion of conflict-affected areas to safe communities, decommissioning of MILF weapons, and remove biases that allowed the huge gap of the majority of Filipinos with minority populations. “It took a long time to get to this set of practical steps,” Ferrer said. “We need to take
away the fear and distrust of the Bangsamoro for our country to become whole.” She urged politicians and the public to study the history of conflict in and the peace process of Mindanao to understand the peace efforts the government has undertaken. “As memb ers of t he GPH negotiating panel, we will do everything in the remaining time we have to ensure that the infrastructure for implementing the peace accord are fully functional so that the next administration will be in a good position to carry forward the full i mpl e me nt at i on of t he agreement,” Ferrer said. (PRC-PIA)
Brownout... from page 1
division, said that the affected areas are those serviced by cooperatives in part of Misamis Oriental, Camiguin, and Cagayan De Oro City. She said that the power outage would start from 6 a.m. to 6 p.m. Sunday. The Cagayan De Oro Power and Electric Company (CEPALCO) would also conduct maintenance operations of its distribution lines on Sunday. Ladaga said that the NGCP would conduct the preventive maintenance of its 69-kilovolt line in the substation of Jasaan in Misamis Oriental. She said that the Misamis Oriental electric cooperative in the province second district
would also transfer it 69 kilovolt line connection to the NGCP substation in Jasaan on Sunday. Ladaga said that the electric cooperatives and distribution utilities would determine the specific areas that would be affected by the electric line maintenance. She said that the NGCP would exert all efforts to restore electrical power at 6 p.m. Sunday or earlier. (PNA)
Donates... from page 2
million as sponsorship to be used by DCCDC for its projects. One of the projects is the installation of Chinese themed street posts of which 63 will be installed in the main thoroughfare of Ramon Magsaysay. Huang said the posts are powder-coated redcolor posts with a distinctive dragon figure at the top of the post reminiscent of the Chinese street posts in Ongpin, inside Manila Chinatown. Meanwhile the DCCDC will be holding the celebration of Chinese New Year’s eve celebration at Rizal Park instead of the having it in Magsaysay Avenue. Huang said the accessibility of Rizal Park being in the middle of the city will attract more crowds to celebrate the salubong of the Chinese New Year which heralds the arrival of the year of the fire-red monkey. (PIA/RG Alama)
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 21 Cagayan de Oro City IN RE: PETITION FOR CORRECTION OF ENTRIES SPEC.PROC.CASE NO. SP-ORD WITH RESPECT TO PETITIONER’S CERTIFICATE 2016-010 OF LIVE BIRTH [WITH REGISTRY NO.2007-587 ETC., NEMUEL P. GABITO, Petitioner, -VERSUSTHE LOCAL CIVIL REGISTRAR OF CAGAYAN DE ORO CITY, LEONILA B. PERALES AND FELIX P. GABITO, Respondents x------------------------------------------------------------------/ ORDER Notice is hereby given that filed before this court is a verified Petition for Correction of the following entries in the certificate of Live Birth of Nemuel P. Gabito issued by the Local Civil Registrar of Cagayan de Oro City under Registry No. 2007-587, to wit: 1. Change the Date of Birth : from November 24, 1988 to November 25, 1988; 2. Change Date and Place of Marriage of parents : from “Not Married” to October 16,1961, Mahayag, Zamboanga del Sur; 3. Change the Middle Name of Petitioner’s father: from Para to PARAN; 4. Delete the annotation that the petitioner was legitimated due to subsequent marriage of parents on July 12, 2002 at Puerto, Cagayan de Oro City to; 5. To declare petitioner a legitimate child of respondents leonila B. Perales and Felix P. Gabito; 6. Direct the Local civil Registrar of Cagayan de Oro to issue a corrected Certificate of Live Birth of the petitioner. Finding the petition to be sufficient in form and substance, let this case be heard on MARCH 2, 2016 [Wednesday] at 8:30 in the morning at the PLEB Session Hall, City Hall, Cagayan de Oro City. At the expense of the petitioner, let a copy of this Order be published before the hearing at least once a week for three [3] consecutive weeks in a newspaper of general circulation in the province of Misamis Oriental and City of Cagayan de Oro. Let also a copy of this Order be posted at the Bulletin board of the City Hall of Cagayan de Oro City, at the Bulletin Board of the Office of the City Civil Registrar of Cagayan de Oro City, and at the Bulletin board of the Philippine Statistics Authority [formerly the National Statistics Authority] Regional Office in Cagayan de Oro City. It is further ordered that Petitioner, at its own expense shall furnish copy of this order and the Petition together with its annexes to the Office of the Solicitor General. Any person having or claiming any interest on the entry of which cancellation or correction is sought is hereby directed to file their written oppositions and appear on the said date of hearing.
Let Summons be issued.
SO ORDERED.
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 17 Cagayan de Oro City IN THE MATTER OF PETITION FOR SPEC. ORD. 2015-008 CORRECTION OF ENTRIES IN THE BIRTH CERTIFICATE OF ABBY C. QUI, YU LANG L. QUI Petitioner, -versusTHE CIVIL REGISTRAR CAGAYAN DE ORO CITY, Respondent, X---------------------------/ ORDER Before this Court is a petition for the correction of erroneous entries reflected in the birth certificate of Abby C. Qui, born on September 27, 2015, second child of herein Petitioner Yu Lang C. Qui. The petition seeks for the correction of the citizenship of Petitioner Yu Lang C. Qui as erroneously reflected in item No. 15 of the birth certificate of Abby C. Qui as Filipino instead of Chinese. Likewise, Petitioner seeks for the correction of the erroneous entry of the date of marriage of parents reflected in item 20 (a) of the said birth certificate as October 30, 2013 instead of October 31, 2012. Finding the petition to be sufficient in form and substance, let the petition be set for hearing on March 8, 2016 at 8:30 o’clock in the morning at the session hall of this Court, at which date, time and place all persons who have interest in the petition are called to appear and show cause why the petition should not be GRANTED. At the expense of petitioner, let this Order be published, once a week for three (3) consecutive weeks in a newspaper of general circulation in the province of Misamis Oriental. Likewise, petitioner is directed to cause the posting of the petition and its annexes in (3) conspicuous places required by law. Furnish copies of the petition and its annexes to the Office of the Solicitor General Makati City and of the Offices the City Prosecutor and Local Civil Registrar both of Cagayan de Oro city.
SO ORDERED.
Done this 21st day of January 2016, in this City of Cagayan de Oro, Philippines
(SGD.) FLORENCIA D. SEALANA-ABBU Presiding Judge
BWM Feb. 5, 12 & 19, 2016 Republic of the Philippines Regional Trial Court of Misamis Oriental 10th Judicial Region Branch -20 Cagayan de Oro City BALIKATAN PROPERTY HOLDINGS, INCORPORATED. Petitioner/Mortgagee, -versus-
SPS. GREGORIO M. MACABAYA & CEFERINA M. MACABAYA. Respondent/Mortgagor. X------------------------------/ OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL FORECLOSURE EJF-FILE NO. 2015-284 Upon extra-judicial petition for sale under Act No. 3135 as amended by Act No. 4118, filed by BALIKATAN PROPERTY HOLDINGS, INC., a corporation duly organized and existing under any by virtue of the laws of the Philippines, with principal office at the 23rd Flr., RCBC Savings Bank Corporate Center, 26th & 25th Sts., Bonifacio Global City, Taguig City, Philippines (the “Assignee”), against SPS. GREGORIO M. MACABAYA and CEFERINA M. MACABAYA, both of legal age, Filipino, with known address at Lot 8, Ph. 5, Bahayang Pag-asa Subd., Molina, Bacoor Cavite and Lot 30, Blk.3, Ph.II, Villa Candida Subd., Brgy. Bulua, Cagayan de Oro City, hereafter referred to as the “Originating Institution”, amounted to TWO HUNDRED FIFTY TWO THOUSAND THREE HUNDRED TWELVE & 50/100 PESOS (Php 253,312.50), Philippine currency, exclusive of interest and penalty charges, attorney’s fees and expenses of foreclosure, the undersigned or duly authorized deputy will sell at Public Auction on March 17, 2016, at 10:00 a.m. or soon thereafter at the main entrance of the Tourism Hall Building, at City Hall of Cagayan de Oro City to the highest bidder for CASH or Manager’s Check in Philippine Currency, the following property/ies described below with all the improvements included thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-97742 “A PARCEL OF LAND with all IMPROVEMENTS THEREON (Lot 30, Block3, Psd-1104305-017783, being a portion of Block 22, Psd-10-015484) situated in the Barrio of Bulua, City of Cagayan de Oro, Island of Mindanao. xxx Containing an area of ONE HUNDRED (100) sq. m. XXX Registered in the name of GREGORIO MAGTO MACABAYA married to CEFERINA M. MACAYA. All sealed bids must be submitted to the undersigned on the above-stated time and date. In the event Auction Sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title herein above-described encumbrances thereon, if any there be. Done this 29th day of January 2016, at Cagayan de Oro City, Philippines.
BWM Feb. 5, 12 & 19, 2016
BWM: Jan. 29, Feb. 5 & 12, 2016
EJF FILE NO. 2015-284
(SGD.) CELESTIAL VENUS G. GELBOLINGO Sheriff IV
Done this 19th day of January 2016 in Cagayan de Oro City.
7
2014 ppi’S Best in ENVIRONMENTAL Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
(Sgd.) GIL G. BOLLOZOS Presiding Judge
8
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
friday|February 5, 2016
BusinessWeek MINDANAO
WE ACCEPT
TARPS
2013 ppi’S Best in Business and Economic Reporting
friday | february 5, 2016
2014 ppi’S Best in ENVIRONMENTAL Reporting
Editor: Cheng Ordoñez
YOUR Mindanao-wide BUSINESS paper
B1
Cagayan de Oro Chinese New Year Heritage Feature:
STICKERS BusinessWeek MINDANAO Corporation
0915-563-6246
La Casa del Chino Ygua, the oldest house in Cagayan de Oro A
By Mike Baños
t the corner of Don Apolinar Velez and Archbishop Santiago Hayes streets stands an unimp osing two stor y brick building which has withstood ravages of time,
the Philippine Revolution, the Filipino-American War, and World War II. It’s perhaps unfortunate how today, despite the quantum gains made by modern communications,
few of Cagayan de Oro City’s growing populace are aware it’s now the city’s oldest surviving residence and has quite a history behind it. Known to local history buffs as La Casa del Chino Ygua*, it has been recognized as a historically significant
structure by the National Historical Institute of the Philippines, as confirmed by the NHI marker installed there in April 7, 2000, the Centennial of the Battle of Cagayan, also known as Siete de Abril. Ac c o r d i n g t o l o c a l
Golf Smithy is Now Open I always hear people say that Golf is important in business. Why? They say that it is one way to get business contacts. A lot of business people play golf to meet clients and to close some business deals. But, some people play golf just for the fun of it. They say that it’s a good way to make friends. Golf also reduces stress because you’re exposed to nature that would in turn make you feel more relaxed and invigorated. Not to mention that it is indeed a good exercise because of all the walking and swinging. I personally want to try this sport but I just can’t take the heat of the Sun. My
husband, Elmer, used to play golf. His golf set is just here at home at the stock room so I told my son, Dominic, that he could use it if he wants to play. But, to no avail. No one seems to be interested among my boys as of the moment. I was happy to be invited for the opening of Golf Smithy. The owners are good friends of mine. According to one of the owners, Chippy Lazo, they decided to open the golf shop because it started as a dilemma for them that they cannot find golf equipment that they want here in Cagayan de Oro City and that they had to
EMPRESS M
by
Michelle Francisco
www.EmpressMichelleFrancisco.com
You can follow me at the following social media: https://www.facebook.com/ EmpressMCF https://instagram.com/ empressmichellefrancisco https://twitter.com/ empressmcf
With the owners... Back Left to Right: Oski Yasay, Zigo Bacus, Chippy Lazo; Front Left: Aimee Lazo and Front Right: Kate Bacus
Get your BWM Loyalty Card NOW for only P350.00 valid for one year, and avail of discounts to more than 150 participating business establishments.
travel to Manila just to look for and buy the equipment they need. If they are having those problems, many golfers must be experiencing the same. Thus, a niché market was discovered. That’s called entrepreneurship, creating a business out of what is needed. Golf Smithy offers the same options as to what you will see in Manila and with the same prices. I asked him why he loves playing golf ? He said, "It’s the competiton and company of great friends. You only have yourself to blame if you are having a bad game. And, the best
feeling of all is the bragging rights that you get when you beat your buddies. Bragging rights until the next round of golf." They sell top brands of golf equipment and accessories like Ping Golf, Yamaha Golf, Srixon Golf, Cleveland Golf, Callaway Golf and Odyssey Golf. They also sell "preloved" golf equipment at reasonable prices. They also do equipment repairs and offer top branded golf grips and shafts. Golf Smithy is located at Shoppes at The Estates, Xavier Estates Phas e 4 (Beside Rosevale School). They are open Mondays to Saturdays from 8:30am to 4:30pm. "Success in golf depends less on strength of body more on strength of mind and character." - Arnold Palmer For more photos from this event, visit my website at www. EmpressMichelleFrancisco. com.
historian Antonio Julian Roa Montalvan II, the house was built by Sia Ygua, a resident of Amoy (present day Xiamen) a city in the province of Fukien (now Fujian). Ygua is recorded as the earliest Chinese to have settled in Cagayan. While Amoy was an exit port, most of the Chinese who migrated outside the region came from the Yueyang and Fujian but Ygua was really a native of Amoy. (Montalvan, 2004) In a manuscript transcribed from Sia family records by Johnson L. Sia, a 4th generation descendant of Ygua, he writes how his great grandfather arrived in Cagayan de Misamis (as Cagayan de Oro was then known) in 1854 and opened his business in 1857. Named “Tong Joo” after
his second son, it was a typical trading post that dealt in indigenous products like copra, tobacco, abaca and the like. The business prospered and soon expanded to the nearby towns. In time it became one of the largest business establishments in the area (Sia, 2004) According to a short account of the house written by the late Fr. Francisco D e m e t r i o, S . J. i n h i s publication Cagayan (1971), Ygua became friends with the Recollect priests of the nearby San Agustin church. Due to his industry, and the help given him by the fathers, he gradually amassed a fortune. Like most Chinese who settled in Cagayan, he took active part in civic and public life. He was known for his feature/PAGE B2
A reproduction of the Casa del Chino Ygua from XU Museo de Oro. Ygua is the 4th from left.
BusinessWeek MINDANAO
B2
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
friday|February 5, 2016
Little Monkeys at SM Children’s Accesories and Toy Kingdom People born in the Year of the Monkey are cheerful and energetic by nature and usually represent flexibility. They are also known as wise, intelligent, confident, charismatic, loyal, inventive and have leadership. As children, those born in the Year of the Monkey will usher in an inordinate amount of delight, animation, and humor into your life. Clever
and oh so curious, he’s a little trickster by nature, and uses his abundant brains, charm, and improvisational savvy to cut every challenge down to size. And no challenge is too monumental for him. An inventive genius with unshakable faith in himself, the Monkey child is brimming with bonhomie and fairly bursting with energy.
For kids and kids at heart, SM Children's Accessories celebrates Chinese New Year with a collection of cute, lovable, and huggable monkey plush toys and novelty bags that will make school and playtime lots of fun. Bring home hugs, joy and charm with these cute little monkey’s, available in SM Children’s Accessories department of the SM Store.
Toy Kingdom, on the hand, has amazing monkey toys that bring lots of luck and kids would love to hold, hug, and dream with. There are cuddly plush monkeys in playful colors and fun sizes, as well as bright monkey stuffed toys that come with unique blankets perfect for warm hugs and good night sleep. These Year of the Monkey inspired
collectibles are available at Toy Kingdom Express outlet at the SM Store and Toy Kingdom in SM City Cagayan de Oro. Say Kung
Hei Fat Choi! And grab these items also available at Toy Kingdom stores nationwide. Also visit www.toykingdom.ph
Toy Kingdom’s cuddly plush monkeys in playful colors.
This Monkey mini-backpack is your Chinese New Year new buddy.
Feature... from page B1
good heartedness. It is said that when he died, practically everyone in Cagayan wore black in mourning (Demetrio, 1971). Ygua built his residence in 1882 at a time when the running conflicts between Moros in Sulu and Cotabato and the Spanish regime in Mindanao and the Visayas was beginning to affect his business. To better secure himself and his trade, Ygua had his house built of sturdy brick and stone which were shipped from Amoy (along with the builders) by Chinese junks in two boatloads. The original house was a two-storey structure constructed on an irregular shaped 2,000 square meter lot. It was located on the corner of what today is Archbishop Santiago Hayes (formerly Victoria) and Don Apolinar Velez (formerly Calle del Mar) streets, and extended all the way to Pabayo street. The house had a floor area of 600 square meters and was built of brick and stone. In addition, its posts, beams, floors, door, and window jambs were sourced from two large old Molave trees. Alternating planks of 1” x 8” Molave and Balayon wood were used for the floor, while the roof was also made of bricks and stone. (Sia, 2004). In his account Johnston L. Sia claims
Lots of hugs from monkey friends from SM Children’s Accessories.
La Casa del China Ygua was the first brick house in town, but according to Fr. Demetrio, it was the second ‘balay nga bato’ (house of stone) in Cagayan, as houses made of brick and stone (which were status symbols then as they are now) were then known. “There were many houses of stone in old Cagayan, so we are not sure if the Sia house was the first. An old house in Burgos yielded 1800s adobe stones and bricks. In fact, nearby the Sia house, just across actually (the empty lot on the corner across it) used to be a big house of stone belonging to Consolacion Roa y Cases Abejuela,” Dr. Montalvan commented. “Barring any hard evidence, we should deviate from the qualifier first.” The house is now not only the oldest surviving residence in Cagayan de Oro, but also holds an honored place in the country’s history. The NHI marker installed on its Hayes street side recounts how on January 10, 1899, patriotic Kagay-anons celebrated independence through a Fiesta Nacional as a sign of support for the Philippine revolutionary government headed by Gen. Emilio Aguinaldo. They gathered in front of Ygua’s house, marched around the poblacion playing music, made speeches at the Casa Real (the governor’s residence), fired cannons
Toy Kingdom’s bright monkey coin banks bring lots of good luck.
and raised the Philippine Flag for only the second time in Mindanao. (Montalvan, 2002) On April 7, 1900, Filipino revolucionarios of the Mindanao Battalion led by Gen. Nicolas Capistrano attacked the American garrison of the 40th Infantry Regiment, U.S. Volunteers near present day Gaston Park in the Battle of Cagayan. However, they suffered many casualties (U.S. records show 52 Filipinos killed, Filipino archives say 200) and were eventually beaten back by the American’s superior firepower. (ibid.) The remains of many fatalities were buried in the backyard of Ygua’s house. To appease the souls and spare the inhabitants from being disturbed, Ygua turned their burial place into a temporary cockpit. The blood from the fighting cocks was believed to appease the restless souls. Until 1971, candles were lighted along the house in memory of the dead soldiers during All Souls Day. (Demetrio, 1971) When Sia Ygua passed away in Manila, his businesses were left to his managers. In time, two of his sons and a daughter came to the Philippines. The daughter, Sia Hong Moi, married a Manileño and stayed in the capital. The sons, Sia Simeon Velez and Sia Tong Joo, came to Cagayan de Misamis and eventually took over his businesses. In 1936, Sia Simeon Velez
and Sia Tong Joo divided the family property, and the brick house came into the possession of Sia Tong Joo. Sia Tong Joo married Lu Oh O and has six children who stayed in Cagayan: three sons (Sia Bon Din, Sia Bon Suan and Sia Bon Hiok) and three daughters (Sia Pian Tin, Sia Chay Oan and Sia Chay Pin). They lived in the brick house, and even after the children had grown and had families of their own, the house remained as the center of family activities, being the venue for family gatherings and reunions during festivals like the Chinese New Year. The house suffered extensive damage during World War II. After the war, Sia Tong Joo renovated the house. Because of the shortage of materials, the roof had to be patched using nipa and the walls replaced by talisayan wood. Through these measures the house was given a semblance of its former appearance. The first major renovation of the house was undertaken in 1948. The damaged bricks were replaced by cement while plywood and asbestos were used for the walls. The 1” x 8” planks were however so sturdy they remained intact. Sia Tong Joo left for China in 1948, but his wife and children remained in Cagayan. Eventually, the son Sia Bon Din left and engaged in business in Talakag,
Huggable monkey stuffed toys with playful blankets exclusive at Toy Kingdom.
Bukidnon and his other son Sia Bon Hiok left for Hong Kong. Meanwhile, his three daughters got married and moved out as well. The house thus eventually passed on to Sia Bon Suan. Sia Bon Suan married Betty Lim Siok Oan, and had 13 children: six sons (William, Henry, John, Augustin, Benjamin and Peter) and seven daughters (Ana, Corazon, Mely, Mary, Helen, Teresita and Shirley). Sia Bon Suan and his wife passed away in 1981 and 1975, respectively, and in due time his properties
were divided among his children. The brick house was passed on to his fifth son, Dr. Benjamin Sia. The house was renovated for the second time in 1993 by Dr. Sia to how it looks today. It has been over a century and half since Sia Ygua came to the Philippines. His descendants have spanned five generations and have been completely assimilated into Philippine society. More than 200 descendants live all across the country, the majority of who remain in Cagayan de Oro.
The NHI marker installed on April 7, 2000 commemorates the Centennial of the Battle of Cagayan fought on the same date 100 yrs. before.
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
B3
2014 ppi’S Best in ENVIRONMENTAL Reporting
friday|February 5, 2016
B4
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
friday|February 5, 2016