BusinessWeek Mindanao (February 9-10, 2017)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 110

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Health Code TO address all health concerns of the city’s constituents, the City Council committee on laws and rules proposed the enactment of a Health Code for the city of Cagayan de Oro. This was raised by Councilor Ian Mark Q. Nacaya, chair of the City Council committee on rules and rules, during the recent meeting of the committee on health and sanitation and health insurance chaired by Councilor Maria Lourdes Gaane. The committee discussed the proposed CdeO SmokeFree Ordinance and AntiDengue Ordinance. Councilor Nacaya said there are several proposals with regards to several diseases and other health concerns.

Investment program GUIDED by the Regional Development Plan (RDP) framework for 2017-2022, the member-agencies together with the private sector representatives of the different committees of the Regional Development Council (RDC)-10 converged in Cagayan de Oro City on Tuesday to formulate the Regional Development Investment Program (RDIP) for 2017-2022. The region’s RDIP for the next five years centers on “Malasakit” (enhancing the social fabric), “Pagbabago” (reducing inequality) and Patuloy na Pag-unlad” (increasing potential growth). In her message before the presentation of the programs, activities and projects by each agency, Regional Director Annabelle M. Atillo of the Department of Budget and Management (DBM)-10 disclosed that region 10 got an allocation of more than P83 billion comprising funds for the “departments” and constitutional commissions, and the special purpose funds.

P15.00

Thu-Fri | February 9-10, 2017

Solar and wind-powered lamps may soon light up Cotabato City streets By FERDINANDH B. CABRERA, MindaNews

points

Briefly

IN-DEPTH

COTABATO City — If satisfied that it works well, Cotabato City might decide to buy solar and wind panels to light up the city in the coming months, Mayor Cynthia Frances GuianiSayadi said. Chinese investors and engineers from different

companies did a product test Tuesday of their products to convince the city government to engage in a contract for the 4,000 lamps the city needs to illuminate its streets. “Our advantage is aside from solar energy, we can generate also energy at night using our wind turbine to

the attached batteries”, said Wang Hao Yue of You Sheng Company. The mayor said one of the Chinese company’s products is a five-meter pole with LED lights, wind turbine and two solar panels which is also for CCTV camera connection. This was installed Tuesday morning in front of City Hall. solar/PAGE 11

SOLAR LAMP. Chinese engineers install solar and wind turbine electric lamp post for a product test in Cotabato City. Photo courtesy of Dyey Daquiado/Studio911)

Denmark eyeing Mindanao for shipbuilding, hog raising H By CARMELITO Q. FRANCISCO, Correspondent

OG raisers touted the country’s status as being free from the foot-and-mouth disease to encourage Danish meat producers to invest in Mindanao during the visit here last week of Danish Ambassador to the Philippines Jan Top Christensen.

The Davao City Chamber of Commerce and Industry, Inc. (DCCCII), in a statement, said the hog industry was one of the business opportunities

discussed during its meeting with Mr. Christensen, along w it h ot h e r i nve st m e nt projects. denmark/PAGE 11

6 electric coops in M’danao ink power deal with Hedcor DAVAO City – Power supply in some areas in Mindanao are set to improve after six electric cooperatives signed up w i t h Ab o i t i z Pow e r subsidiary Hedcor hydro power. Z amb o ang a d e l Su r Electric Cooperatives 1 and

2 (ZAMSURECO 1 and 2), Zamboanga del Norte Electric Cooperative (ZANECO), Bukidnon Second Electric Cooperative (BUSECO), Misamis Occidental I Electric Cooperative (MOELCI I), and Siargao Electric Cooperative deal/PAGE 11

HOME FISHING. A boy tries to catch fish on Tuesday from a pond on which their house stands in Barangay Balabaran in Cotabato City. MindaNews photo by H. Marcos C. Mordeno

WAVES OF LASWITAN. People from different places in Mindanao enjoy the waves that lash at the rocks in Laswitan near the shore of Barangay Madreliño, Cortes town in Surigao del Sur on Sunday, February 5, 2017. MindaNews Photo by Roel N. Catoto

EPIRA amendments to reform ERC readied By MYRNA M. VELASCO, Contributor

THE initial amendments to be lodged for the Electric Power Industr y Reform Act (EPIRA) would be on the proposed reforms to “governance” issues and transparency concerns at t h e E n e rg y R e g u l ator y Commission, dubbed as the “ERC Governance Reform Act.” According to S enate Committee on Energ y C h a i r m a n S h e r w i n T. Gatchalian, the legislative agenda will tackle muchn e e d e d re for ms i n t he

country’s power industry regulation body, but they will not be leaning toward its abolition because that could scuttle multi-billion dollars worth of muchneeded investments in the electricity sector. “Reform is a much more appropriate process than a b o l it i on , b e c au s e t h e industry is very complex and if we’re going to take out everyone, who’s going to manage regulation? It takes time to study the industry and the learning curve is

too steep,” he opined. Gatchalian noted t hat t he S e nate e ne rg y committe e or t he Joint C ong ressiona l Power Commission (JCPC), in which he is a co-chairman, “will def initely consult international experts in regulation and also best practices in governance.” He said the intent of the prop osed legislated policy revision would be to “improve the checks and balances within ERC… we will also improve transparency at the ERC.” epira/PAGE 11

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Cag. de Oro dads to probe alleged discrimination in distribution of relief goods A PROBE on the alleged “discrimination” in the distribution of relief goods to flood victims here would be carried out anytime, a C a g ay a n d e O r o C i t y councilor said Tuesday. City Councilor Reuben Daba, chair of the city council committee on social services, said the local legislative body received complaints that the relief goods were not distributed to flood victims in three villages here last month. “We will investigate this complaint because of reports that the city’s welfare depar tment distributed relief goods only in villages identified as supporters of the incumbent administration,”

Daba said. He said that the shameful p r a c t i c e o f “p o l i t i c a l d is c r i m i nat i on” i n t he distribution of relief goods in times of tragedy should be curtailed. Daba said the city council would summon the acting head of the City’s Social Welfare Department (CSWD) to shed light on the issue. He said if there were lapses in the CSWD, he would make sure that the office and the city government as a whole would learn from it and correct these so such would not happened again in case another calamity strikes. Un d e r t h e e x i s t i n g protocol, flood victims would probe/PAGE 11

Economy

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Tourist arrivals in Lanao Sur shoots up by 14% in 2016

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ARAWI City -The province of L an a o d el Su r re c ord e d P 1 . 2 bi l l i on tourism receipts in 2016 posting as the number one tourism destination among the provinces in the Autonomous Region in Muslim Mindanao (ARMM) during the year. Official figures from the ARMM’s Tourism department showed that the province attracted 69,606 visitors in 2016, 14 percent higher than the 61,058 visitors registered in 2015. A h m a d No u r a l d i n n Ta m a n o Jr, p rov i n c i a l tourism focal person, said the province has been persuasive

on their campaign to promote Lanao del Sur as a tourism destination. They have been showcasing the distinct characteristics of the Meranao way of life, history, and culture by participating in various events such as the Phil Travel Mart. Tamano said one of the must-see attractions is Lake Lanao, the largest inland body of water in Mindanao and the second largest lake in the Philippines. Lake Lanao serves as reservoir for the Agus hydroelectric power plants that generate up to

75 percent of Mindanao’s power supply. The ar t s and cr af t s of t h e Mar an a o t r i b e, Polo Barakat Mosque in Binidayan, Kilometer Zero, Mindanao State University and Daguduban in Marawi City; Lake Dapao in Pualas; and white water rafting in Wao could also easily lure tourists to the province. Tamano further said that part of the agenda of Provincial Governor Soraya A. Adiong is cultural tourism and promotion of tourist destinations to generate income and livelihood to

the locals. Meanwhile, a total of 212,649 visited the region’s five provinces in 2016 with roughly P3.7 billion in tourism-related expenditures. ARMM Tourism Secretary Ay e s h a Ma n g u d a d at u Dilangalen said the influx of tourists in the region falls in the last quarter of the year. Outside of Lanao del Sur, provincial breakdown of the region’s tourism data in 2016 showed the following: TawiTawi with 63,509 visitors and P1.1 billion in gross receipts; Maguindanao with 40,981 tourist/PAGE 11

RPN Radyo Ronda Stations Nationwide

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

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

FOR A BRIGHTER COMMUNITY: Energy firm STEAG State Power Inc. (SPI) turns-over recently fifteen sets of street-lighting for Sitio Kirahon, an upland village in Bgry. San Martin, Villanueva, Misamis Oriental. San Martin Brgy Chairman Jeric Emano said the donation is a welcome development in brightening up remote villages in the area. The assistance is part of SPI’s continuing support to various community development projects including those that will address safety and security concerns.

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

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Thursday|February 9, 2017

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Opinion

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Thursday|February 9, 2017

Faith is Based on Knowledge

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

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No Place Like Home Think a minute…It’s true, “There’s no place like home.” In fact, our whole identity, who we are and how we see ourselves, and others, mainly comes from our family. They say, “The apple doesn’t fall far from the tree.” The kind of life we live is largely influenced by our family. From the time we’re born it’s our family’s example we naturally follow. Home is where we learn about love, life, and laughter. As someone said: “Happiness is home-made.” It doesn’t matter if you’re rich or poor, because a small house will hold as much happiness as a big mansion. But sadly, many homes are not loving and happy. As one sad guy said: “The first half of my life was ruined by my parents, and the second half by my children.” A best-selling book entitled, It Takes A Village, says that raising children is the job of the community. But the reason some people expect the government and community to raise their children is because their marriage and family has broken down. Millions of families are destroyed by divorce, adultery, greed for money, selfish parents who put themselves first before

THINK

A Minute

Jhan Tiafau Hurst their own children, domestic violence, alcoholism, teenage pregnancies, drugs, and many other things. The simple fact is there is no substitute for the family. A child’s need for security, love, and acceptance from both parents will never change. God designed us all to grow up in a family with both a father and a mother who love each other and us without conditions, and who teach us right and wrong. This is the way our character is shaped and built so we become healthy, happy and successful. But if you’re one of the millions who did not grow up in a happy, loving family, you can join a new family today by asking Jesus Christ to forgive you and hurst/PAGE 11

Consider HIM who endured from sinners such hostility against Himself, so that you may not grow weary or fainthearted..- Hebrews 12:3 We have come to a time when worldliness can easily devour us. When it is high, we are high with it. But when the going gets tough, it just gets even tougher. This is especially true when we are not grounded to a solid foundation. As Christians, we should be reminded that no matter the challenge, the hindrance, the circumstance, nothing should faze us. Why? Because we have an extraordinary faith. 1. W HAT D O W E HAVE? In 2 PETER 1:1, Simon Peter speaks to us Christians, that by the righteousness of

JESUS CHRIST, our Savior, we have obtained LIKE PRECIOUS FAITH. There is no faith more precious than JESUS’ faith. We do not have the capacity to have such precious faith, but as we have accepted JESUS as our Lord and Savior, we have secured a faith like His. 2. H O W D O W E ACTIVATE IT? S ome of us may b e aware that we have like precious faith, but we do not know how to set it into motion. 2 PETER 1:2 continues on to prompt us that KNOWLEDGE OF GOD & JESUS OUR LORD multiplies grace and peace. The simplest way to say this is, if you want to activate the faith that is like Jesus’ graceful, peaceful faith, we

only need to get to know GOD & JESUS. The best way to do that is to constantly listen to the Word; to be reminded, to be activated! 3. HOW DO WE SEE RESULTS? This world is ver y result-oriented and it is understandably practical to desire for results. But as GOD Himself is a practical GOD, He will not hold back on us. As in Hebrews 12:3, GOD has given us the age-old results of ‘no more weariness, no more faintheartedness’. However, result is an outcome of a cause, and without a cause, there will be nothing. Our cause, our action is simple, CONSIDER HIM SO THAT we may not grow weary or faint-hearted. This is the beauty of the

The Ripple

By AMBongay

extraordinary faith that we are given by Jesus’ righteousness. A faith we simply need to keep nourishing, a solid found at ion in a surely unstable time and world. This interpretation is based on Ptr. Ron Bayron’s preaching on “Faith is Based on Knowledge.”

QC Judge Reynaldo Daway, the mediator LIFE’S INSPIRATIONS: “…`You have heard that it was said, ‘Love your neighbor and hate your enemy.’ But I tell you, love your enemies and pray for those who persecute you, that you may be children of your Father in heaven’…” (Jesus Christ, our God and Savior, Matthew 5:43-44, the Holy Bible). -ooo AN ERROR FROM BEATING THE DEADLINES: A perennial critic of what I have been writing here about the Bible corrected my column the other day that Jesus, our God and Savior, grew up in Bethlehem. The critic said, in response to that column, that I was wrong in saying Jesus grew up in Bethlehem because, clearly, our God and Savior grew up in Nazareth. Well, I stand corrected, but this was truly nothing more than a clerical error. -ooo QC JUDGE REYNALDO DAWAY, THE MEDIATOR: Judge Reynaldo Daway of the Quezon City Regional Trial Court, Branch 90, disclosed to party-litigants the other

day, Februar y 07, 2017, that after his stint with the judiciary, he is considering a career in mediation, or the process of bringing together parties who have opposing and contradictory claims to arrive at a happy settlement. The reason? On that day, during the so-called “judicial dispute resolution” (or a court mediation participated in by a judge) of a case which h a d b e e n p e n d i ng for several years before Branch 90, Judge Daway managed to entice the parties to a P500,000.00 collection case to settle their differences, where the litigants agreed to give concessions by way of giving up some of their claims. Explaining the benefits of lowering their demands and counter-demands as a way to finally resolve the parties’ dispute, Judge Daway then led the parties to sign an agreement which was embodied in an order that he himself issued. The creditor in that case agreed to lower his demand, and the debtor agreed to increase what he was amenable to pay, and,

bingo, their problem got solved instantly, even when their lawyers were absent! -ooo SC ENC OURAGES JUDGES TO BE MEDIATORS: It would seem Judge Daway is gaining fame as a magistrate who could be relied upon to effect a fair, just and godly resolution of the court cases that have been assigned to him, even without the rigors of a protracted litigation or court proceeding being resorted to. The Supreme Court is encouraging this kind of a conflict resolution, with its rules on mediation and judicial dispute resolution. Mediation is resorted to after a case---whether civil or criminal---reaches the trial courts. It is usually done by referring the case to a mediator authorized by the Supreme Court to mediate and find mutually acceptable solutions even without trial. Judicial dispute resolution takes place when mediation fails, and it is directed by the judge where the case is assigned. In one particular case

K akampi

Mo A ng Batas

Atty. Batas Mauricio where I assisted an accused of having embezzled some P1.2 million from the bank he was then working with, Judge Daway adroitly directed the parties there towards a happy compromise, resulting in the dismissal of the qualified theft case against the accused, and setting him free once again, with the bank recovering its money. Truly, the courts should have more Judge Daways in their midst! -ooo JESUS, AS A BOY, WAS GOD AND SAVIOR: So I was mistaken---Jesus grew up in Nazareth, but not in Bethlehem. At least, that’s batas/PAGE 11

Uninformed or misinformed? Apparently, an American actor expressed the view recently that if he does not read the newspapers, he obviously would be uninformed of developments around. But if he reads them, he most likely would also get misinformed, considering the way the papers are now, he said. He found himself in a dilemma. This is the challenge we all face at present. The truth is that we have to get informed, but informed properly. We simply have to find ways of how to get out of the state of being uninformed and misinformed. This will require some skills, of course. But the basic and relevant virtue to live here is that of prudence. That’s what would enable us to judge whether we should read the papers or not, now or

later, or to “smell” whether a piece of information is good or not, useful or useless, relevant or irrelevant, true or false. Nowadays, the need to be most discerning is getting urgent precisely because of the proliferation of useless information, not to mention, misleading and deceptive ones and fake news that are laced with all sorts of biases and prejudices of those who make them. It’s not only political partisanship that occasions this phenomenon. It’s deeper than that. It’s now ideological partisanship. This virtue of prudence, of course, presumes some criteria to guide our judgments. In this regard, it has to be made clear that we have to start with God’s moral law. We just cannot set aside this indispensable

requirement and plunge immediately to merely earthly and temporal values like practicality, profitability, popularity, etc., to guide us. That would be like sailing a boat without the North Star, or the GPS. Prudence, of course, presumes a certain hierarchy of values that we should respect, uphold and defend. It should be vitally connected with wisdom that in the end connects us with God and all others, as well as all things in the world, through love and truth. We have to make sure that our prudence is not only motivated by secondary criteria, like efficiency, effectiveness, practicality, profitability, convenience, etc. If these criteria do not lead us to a closer relation with God, with others and

HINTS

and

Traces

Fr. Roy Cimagala the rest of the world, but would rather reinforce our self-absorption, then it would not be true prudence. We might enjoy some perks that these secondary standards may give us, but it would not be true prudence when it fails to lead us to our proper relationship with God, others and the rest of cimagala/PAGE 11

CorporateWorld 5 core profit Ford PHL starts 2017 Globe up 6% in 2016 with 2.5% sales growth Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

thu-fri|February 9-10, 2017

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ORD Philippines has started the year with sales increasing by 2.5 percent year-on-year. In a statement Wednesday, the American c a r m a nu f a c t u re r s o l d 2,519 units in the P h i l ippi n e m a r k e t l a s t month, higher than the

2,459 units sold in January last year. Ford nameplates such a s E c o S p o r t , R a n g e r, and Everest have driven the company’s growth in January. EcoSport vehicles led the sales expansion for Fo rd l a s t m o nt h , w i t h

g row t h accel e rat ing by 67 percent to 922 units. Ford Ranger kicked off the year with 32 percent sales growth year-on-year as it sold 722 units. Sales of Everest in the same period reached 718 units. “ It’s a n i c e s t a r t t o

Officials hold a press conference on the Executive Order on the Freedom of Information, the country’s hosting of the ASEAN 2017, and the role of the Presidential Task Force on Media security during the Association of Southeast Asian NationsPresidential Communications Operations Office (ASEAN-PCOO) Roadshow on February 3, 2017. Present during the press conference are PCOO Assistant Secretary Marie Banaag, Department of Foreign Affairs Director for External Relations Flerida Mayo, PCOO Secretary Martin Andanar, Joel Egco of the Presidential Task Force on Media Killing and Social Media consultant Carlos Munda. ALFRED FRIAS/ Presidential Photo

the year, with the uptake for R anger, Everest and EcoSport keeping our showrooms busy around t he countr y,” s aid Ford Philippines Managing Director Lance Mosley. Ford is among the five top selling car brands in the Philippines. (PNA)

GLOBE TELECOM, Inc. saw its core net income rise by an annual 6%, driven by the “solid growth” in its data-related products and continued uptick in both its mobile and broadband subscribers. Globe President and Chief Executive Officer Ernest L. Cu on Wednesday said that the company’s core net income, which excludes

foreign exchange, mark-tomarket gains and losses, and non-recurring items, rose to P16.014 billion for 2016, from P15.126 billion in the previous year. “Notwithstanding t he heig htene d market competition in 2016, we ended the year on a high note, marked by all-time high quarterly and full-year profit/PAGE 11

THE Megaworld Group of billionaire Andrew Tan is earmarking P60 billion in capital expenditures (capex) this year, mostly for accelerating and expanding projects in various townships across the country. Megaworld, along with its subsidiary brands Empire East Holdings, Inc., GlobalEstate Resorts, Inc. (GERI) and Suntrust Properties, Inc., has set 80 percent of the capital spending for expansion, particularly on the construction of new residential condominiums, office towers, commercial centers and hotels. The remaining 20 percent will be used for land

acquisition and investment properties. “Since our company’s cash position remains healthy, we will mostly utilize internallygenerated funds to finance our capital spending for the year, and we will also tap the debt market through the proceeds of the first tranche of our P30-billion retail bond program,” said Megaworld treasurer Francis Canuto. This year, the Megaworld Group is set to fast-track most of its developments i n e x ist i ng tow nsh ip s , particularly in McKinley West, Uptown Bonifacio, Davao Park District, Iloilo Business Park, B oracay Newcoast, Twin Lakes and

Alabang West. The group is set to launch 20 residential projects with a combined sales value of P31.2 billion in Fort Bonifacio; Iloilo City; City of San Fernando, Pampanga; General Trias, Cavite; Antipolo, Rizal; Boracay Island; and near Tagaytay. “While we expand our existing residential properties and introduce more residential products in our townships this year, we continue to focus on our goal towards doubling our rental revenues by 2020. The country’s sound business climate allows us to further grow our office megaworld/PAGE 11

Megaworld to spend P60-B for project expansion in 2017

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Billboard Students: free public education in all levels is a right of every Filipino

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he League of Filipino Students (LFS) slammed the remarks of Foundation for Economic Freedom (FEF) and other groups opposing free public education in all levels. The group’s national spokesperson JP Rosos accused them of being ungrounded to reality.

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thu-fri|February 9-10, 2017

“The FEF, the Commission on Higher Education, and several members of the Duterte regime clearly do not understand the struggle of the youth today. They have clearly unveiled that the free tuition policy of the government is far from the demands of the youth for free public education in all

levels,” said Rosos. “Clearly, they want to use the free tuition policy to exacerbate the existing neoliberal attacks on the rights of students to all levels,” the youth leader added. According to Rosos, the pronouncements of FEF that a tuition-free education will be anti-poor is unbelievably

disgusting. The youth leader noted that these economists have poor understanding of why tertiary education failed to cater the poor. Yes, it is true that only a handful of our youth, especially the poorest, are able to go to college. The FEF and the Duterte administration is correct in this observation.

IS YOUR VITAMIN C SAFE?

A fter t he s tor m t hat recent ly broug ht heav y damage to properties and challenged the health of Cagayan De Oro residents, our kababayan’s immune system is just starting to recuperate and get back to normal. One sure way to speed up its recovery is to take optimum levels of Vitamin C. But did you know, that when taking Vitamin C, we have to be careful of several factors such as the type and quality of Vitamin C because not all vitamin C are the same! The most common type of Vitamin C is ascorbic acid. This type of vitamin C has been by far, the cheapest form of Vitamin C, but did you know that when taken at higher quantities, ascorbic acid is not exempted from harmful side effects. Diarrhea, Nausea, Stomach Cra mps, Headache, Hyperacidity, Hot f lushes and Heartburn are just some of the symptoms of taking too much ascorbic acid. In the recent decade, Sodium Ascorbate has given the public the safest and most effective type of vitamin C. Bewell-C (Sodium Ascorbate) is a non-acidic Vitamin C supplement that is rapidly gaining popularity among the public as a high quality and effective brand. Bewell-C is the next generation vitamin C that provides all the benefits of

But they failed to answer the important question – why? They ignored the fact that students weren’t able to go to school because of the skyrocketing tuition and other school fees as a result of the continuing implementation of neoliberal policies,” Rosos said. “It is also tr ue that students also need to shell out money aside from their tuition. On top of tuition, 30% up to 80% of the money that the students pay for are ‘other school fees’ which are dubious, exhorbitant, and redundant. It shows that our education system has already transformed into a lucrative business that aims to squeeze more profit from the students – a primary reason why more and more out-of-

school youth and drop-outs are produce yearly,” Rosos added. Rosos also stressed that the scholarships are only justif ication to imp ose tuition and other school fees increases. For the past decades, according to Rosos, these programs have not only failed to democratize the access to education but also pushed for the worsening state of commercialization and privatization in schools across the country. The LFS also slammed the recently concluded technical-working group in Congress for the free tuition policy. According to them, the discussion for the implementing rules and regulation is grounded on education/PAGE 10

BSP Issues Pioneer Regulatory Framework for Virtual Currencu Exchanges

vitamin C without the risk of hyperacidity. Doctors recommend that we take 2 capsules per day of Bewell-C. Some people require a higher dose per day if they are experiencing the following: Flu: People suffering from Flu virus are recommended to take 6 capsules of BewellC per day and 4 capsules while recovering from f lu. Whereas, those who are suffering from colds and cough are recommended to take at least 6 capsules until they have recovered. Re s e a rch st udy a l s o p oi nt e d out t h at mo s t healthy adults get a cold two or three times a year and taking large doses of

Vitamin C daily shortens the duration of colds. Smokers and Alcohol Drinkers Alcohol, Nicotine and other substance in cigarette causes cell damage and drains vitamins and nutrition from your body. Smokers and those who often drink alcohol experience lower immune system and are susceptible to various diseases thus, they are required to take at least 4 capsules of Bewell-C to help maintain their health. Post-Surgery People who underwent surgery are recommended to take high doses of Vitamin C as much as 6 capsules Bewell-C daily to hasten wound healing. Vitamin C

is essential in the formation of new connective tissue in healing wound. For those who need both Vitamin C and Calcium, Bewell-C plus calcium is also available in the market. Just like Bewell-C, this product also uses non-acidic vitamin C paired with organic calcium fortified with Vita min D for st ronger bones and teeth. Bewell-C and Bewell-C Plus Calcium is available in all leading drugstores nationwide and on Lazada. com.ph Online Shopping: ht t p://w w w.l az ada .com . ph/bewell-nutraceuticalsc o r po rat ion /. Fo r mo re updates, follow their FB: https://www.facebook.com/ bewellcsodiumascorbate.

Consistent with the policy of the Bangko Sentral ng Pilipinas (BSP) to provide an environment that encourages financial innovation while at the same time ensuring that (1) the Philippines shall not be used for money laundering (ML) or terrorist financing (TF) activities, and (2) the financial system and financial consumers are adequately protected, the Monetary Board (MB) recently approved the regulatory framework for virtual currency (VC) exchanges and similar entities operating in the Philippines. The MB decided to move ahead with adopting a formal regulatory framework in recognition of the rapid growth of VC-based payments and remittance transactions, estimated at around USD 5 to 6 million per month for certain major players. The new regulation, a pioneer in Asia, seeks to balance the interests of promoting technological

innovations with the potential to improve the level of inclusion and efficiency in the financial system, and to proactively address emerging risks to the system arising out of these new technologies. Specifically, it does not cover VC creators but only focuses on entities facilitating the conversion or exchange of any VC into fiat currency or vice versa. Such VC, exchanges serve as the crucial link of VCs with the financial system. Conceptually, these VC exchanges are considered to be and are similarly treated as companies offering money or value transfer services. The latter are classified as remittance and transfer companies (RTCs) under the new BSP framework for money services businesses. Thus, the basic requirements for RTCs such as, registrations, minimum capital, internal controls, regulatory reports and compliance with the bsp/PAGE 11

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thu-fri|February 9-10, 2017

OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274

METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057

ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893

METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162

BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075

METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721

BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637

METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924

BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796

METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731

BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405

METRO BANK- GAISANO 8561720

BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN

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#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

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STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168

ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

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7

Banking&Finance

28-day TDF’s bid coverage ratio up

B

ID coverage ratio of the Bangko Sentral ng Pilipinas’ (BSP) longer tenor Term Deposit Facility (TDF) rose Wednesday after tenders ticked up than those of the shorter term facility. Data released by the central bank showed that bids for the 28-day facility reached P207.410 billion, higher than the P150 billion offering and the P181.291 billion last week. This resulted to the

improvement of this tenor’s bid coverage ratio to 1.3827 compared to the previous week’s 1.2086. T he s e ve n - d ay T DF attracted P55.498 billion worth of bids, higher than the P30 billion offering but lower than the P59.172 billion last week. Its bid coverage declined to 1.8499 as against the 1.9724 last week. BSP Deputy Governor Diwa Guinigundo said any moves to adjust the TDF

volume should be studied carefully since it is difficult to increase the offering, for one, “and then render the market in a tighter condition.” ”That is bad because we want to ensure that we help sustain the momentum of economic growth,” he said. Any measure to cut the offering may push domestic liquidity grow faster and disadvantage the economy, he said. As of December 2016,

domestic liquidity rose by 12.4 percent year-on-year to P9.5 trillion, lower than month-ago’s 12.7 percent. Bank lending, excluding banks’ placement in the c e nt r a l b a n k’s re v e r s e repurchase (RRP) facility, on the other hand, registered a 17.2 percent growth last December from 18.6 percent in the previous month. ”I think it is easier to manage at this level of liquidity and credits,” he added. (PNA)

SOURED DEBTS held by thrift banks continued to rise as of November 2016 to outpace the growth in total loans, data from the Bangko Sentral ng Pilipinas (BSP) showed. Non-performing loans (NPLs) held by the thrift lenders hit P36.932 billion at end-November 2016, rising by 15.2% from P32.055 billion tallied as of November 2015 but slightly down from P37.67 billion seen the previous month. This climb in bad debts is faster than the 11.8% increase in the banks’ total loan portfolio seen in the p e r i o d, w h i ch re a ch e d P 7 6 1 . 6 6 5 b i l l i o n f ro m P681.405 billion a year ago. Relative to total loans granted by the banks, NPLs took a 4.85% share, picking up from a 4.7% ratio tallied a year ago. Meanwhile, the amount of non-performing assets -- or the value of real and other properties seized by the lenders from delinquent borrowers -- stood steady at P20.09 billion, coming from P19.793 billion recorded in November 2015, data showed.

With the bigger share of bad loans, the thrift banks hiked the amount they set aside for potential credit losses to P27.27 billion, up by 1 8 . 1 % f rom t h e P23.087 billion margin they provided the year prior. As a result, total loan loss reserves stood at a 3.58% share to total loans, against a 3.39% ratio in November 2015.

With these reser ves, banks can cover nearly three-fourths of the potential defaults at roughly 73.84%, higher than the 71.34% allocated in October and 72.02% a year ago, according to BSP data. N PL s for t he e nt i re Philippine banking system totalled P150.019 billion as of end-November, taking up 2.03% of the P7.4 trillion

in total loans. This is lower than the 2.27% share tallied a year ago, when NPLs am ou nte d t o P 1 4 1 . 4 2 6 billion against a P6.243trillion total loan portfolio. Thrift banks raked in a P10.47 billion in profits for the first nine months 0f 2016, surging by a fourth from the P8.443 billion booked during the same year-ago period.

Thrift banks’ NPLs rise

Veterans Bank sees 2017 as ‘banner year’ By JON VIKTOR D. CABUENAS

Philippine Veterans Bank (PVB) expects a significant expansion in bottom line this year, citing a ‘vigorous’ spike in loans and deposits to usher in a ‘banner’ year. “Banner in the sense that I think we’re going to now have a profitable income statement. Banner in a sense that that will be achieved b e c au s e o f a v i g o r o u s spike in our portfolio as well as a vigorous entry of even larger deposits to the bank and expansion of our various products,” PVB Chairman Roberto F. de Ocampo told reporters on the sidelines of a press conference in Quezon City.

O w n e d b y Wo r l d Wa r I I v e t e r a n s , t h e i r w i d ow s an d h e i r s , t h e private commercial bank posted P320 million in consolidated net income in 2014, up 280 percent from the P84 million in 2013. The bank did not release its 2015 financial statement, and its 2016 results have yet to be finalized. “Before 2016, the bank was at loss, you see, which is precisely why the first line of action was to build a portfolio and improve the governance systems of the bank... The losses are much lower than they used to be and, in the coming years,

we expect it to already be in a profitable picture,” De Ocampo said. Asked for his feedback on the bank’s 2016 financial performance, De Ocampo said that while the bank continues to post growth, he was not satisfied. “I’m not yet completely happy b e c aus e, f rom a profit-and-loss point of view, we’re still chipping away at the past financial difficulties,” he said. “From the point of view of what you might call the overall condition of the bank as reflected in the b alance she et, lumakas na. And from the point of view of institutional improvement, tumaas na

ang aming rating, nalagay na namin ang good governance practices and processes in the Philippine Veterans Bank,” he added. De Ocampo said the bank will take an aggressive tack to expand into electronic banking and improve its business. “I think the wave of the future is more electronic banking than brick and mortar. So, while we only have 60 branches, I’m going t o b e e mp h a s i z i n g o n electronic banking in order to reach further and to work our partnerships with existing entities already in the constituencies we are targeting,” he said. — GMA News

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thu-fri|February 9-10, 2017

What Counts Most By JOY S. PANGAN Master Teacher 1 South City Central School

An investment in life is an investment in change... I think a loving person must return to spontaneity -to touching each other, to holding each other, to smiling at each other, to thinking of each other, to caring about each other. Hugs are good, they feel nice, and if you don’t believe it, try it. These famous lines come from America’s most beloved teacher, author, lecturer… Dr. Leo Buscaglia from his number one bestselling book on Living, Loving and Learning. What a valuable insight an educator must think about! After all, the second greatest commandment is to love others as ourselves which is also the greatest as mentioned in the 1 st b o ok C or i nt h i ans chapter 13. Love reigns supreme among all other commandments. It is expressed in various ways. It takes in many forms, without it, no other gift matters. As we grow up, we are expecting love from parents, peers, friends, teachers and the like. Yet, who teaches us how to love? Speaking of love in the classroom setting between teacher and pupils, no doubt as to who would be the giver. How great is an educator’s role in developing the being of every pupil. True to the fact, that as teachers, we, not only feed the mind but also feed young immortal souls. And love is the gateway to having a meaningful teaching and learning experience to both - - pupils and teachers. I once remember how one of my students when I teach college approached me one day after several years of not seeing each other and said,” Hi! Ma’am, love you…!” Seeing him smile, I was confused if he was serious and the thought of a little malice came into my mind. I remember I was in my t went ie s t hen w hen I was their teacher and my students were in their teens, seventeen, eighteen, some others were already near twenties. As he came near me, I s aid, “w hat did you say?,” with a little smile on my face. He went on saying, yes ma’am, from you we learned how to love pointing to his wife with their sixth month old baby. You must be kidding, I uttered. Seriously, he answered, “We love you Ma’am for how you have treated us in class.” Eager and wanting to know more of what he would say, I said, go ahead tell me in what way and how? I was surprised hearing him said a single word ,

oh, that was all? A sweet SMILE when I entered the class? How did it matter? And our talk goes on… Little did I realize how simple acts of smile, a pat on a shoulder, may lighten up any student or pupil’s sad experiences in life. Little did I realize too how important it is to listen, to understand and be like their second mother in its truest sense apart from being a teacher. It has prompted me to give more what I have in my heart especially to the ones entrusted to me - - my pupils. One may not be perfect for no one is, to be loving. It is an important tool in teaching for when we teach out of it, the unlovable becomes lovable. Considering each one a special creation and most loved by their parents, even to stinky, naughty and noisy pupils in class worthy of our respect and love. Schools and classrooms are the best venues aside homes where love is demonstrated and experienced. Of course, even in discipline, it is done in the name of love. I understand how incredibly unique one is from the other. One needs to be touched, to be heard, to be smiled at, to be praised with, for a pupil to realize that his/her teacher cares. I’m really concerned about the fact that we all need and crave love and so little of it is seen around. I stick to the words of Robert Louis Stevenson and believe in them that goes, “An aim in life is the only fortune worth finding; and it is not found in foreign lands, but in the HEART itself.” The aim of my heart for it counts most …to love others especially my pupils, as myself. No turning back! Would also be my aim. How we treat pupils will most likely speak who we are to them and it matters a lot. Our presence may inspire them of going to school daily, ready, encouraged, full of joy and full hope. Where those are present in every child’s heart learning may sink in and certainly they will enjoy life and learning takes place meaningfully as well. We shall be a teacher once in our life and time calls us to move - - today is the best time to affirm, show, and share what love can do. It is the nicest thing in life to love and to be loved. As it is often said, “Give a child a little love and you will get a great deal back.” For the past twenty-one years of teaching, needless but I say with all humility, “I have reaped what I have sown.” And I’m sure I share the same feelings with my fellow educators.

DLSU Announces the 17th IYAS La Salle National Writers’ Workshop The Bienvenido N. Santos Creative Writing Center of De La Salle University-Manila (DLSU) is inviting writers to submit their application for the 17th IYAS La Salle National Writers’ Workshop, which will be held on April 24 – 27, 2017 at the European Documentation Centre, Henr y Sy Sr. Hall, DLSUManila. The IYAS La Salle National Writers’ Workshop this year is in collaboration with the Institute for Climate and Sustainable Cities (ICSC), and supported by the DLSU Office of the Vice Chancellor for Research and Innovation. The

workshop director is Marjorie Evasco, and the project coordinators are Raymundo Pandan, Jr. and Shirley Lua. The workshop fellowship screening committee accepts creative work in Hiligaynon, Cebuano, Filipino and English. Fellowships are awarded by genre and by language. Creative writing entries that explore the problematic human relations with the environment will be given preference for these fellowships. Ten (10) applicants

will be chosen for the workshop fellowships, which will include transportation subsidy and board and lodging (for non-Metro Manila based fellows). For workshop fellowship applications to be considered, the following requirements must be complied with: 1.) Submit original work in only one chosen literar y genre and language: either 6 poems, 2 short stories, or 2 one-act plays. 2.) Send works in two (2) computerencoded hard copies, font size 12 pts., doublespaced. 3.) Include in the folio a page

that would have the applicant’s complete mailing and electronic contact address, contact number, and a short resume. 4.) Mail by March 6, 2017 the hard copies and all requirements to Dr. Marjorie Evasco, Iyas La Salle National Writers’ Workshop Director, c/o Bienvenido N. Santos Creative Writing Center, De La Salle University, 24o1 Taft Avenue, Malate, Manila 0922. For inquiries, please call BNSCWC (632) 5244611 local 233; email bnscwc@ dlsu.edu.ph or iyas17workshop@ gmail.com.

The amazement of nanotechnology By MARY MERCY S. HAGANUS, Teacher III East City Central School Lapasan, Cagayan de Oro City

NANOTECHNOLOGY is the study of matter that is measured in nanometers. It c a n b e a p p l i e d i n surface science, organic c h e m i s t r y, m o l e c u l a r biolog y, semiconductor physics, microfabrication, molecular engineering and nanomedicine. On a comparative scale, if a marble were a nanometer, then one meter

would be the size of the Earth. Nanoscience and nanotechnology involve the ability to see and control individual atoms and molecules. Everything on Earth is made up of atoms – the food we eat, the clothes we wear, the buildings and houses we live in and our own bodies. In nano-biolog y for example, sensor test chips

containing thousands of nanowires – able to detect proteins and other biomarkers lef t b ehind by cancer cells – could enable the detection and d i ag no s is of c anc e r i n the early stages from a few drops of a patient’s blood. Nanotechnology is helping to advance the use of arthroscopes which are pencil-sized devices that are used in surgeries with lights and cameras so surgeons can do the surgeries with smaller

incisions. The smaller the incisions the faster the healing time which is better for the patients. Imagine a medical device that travels through the human body to seek out and destroy small clusters of cancerous cells before they can spread. Or a box no larger than a sugar cube that contains the entire contents of the Library of Congress. Or materials much lighter than steel that possesses ten times as much strength.

Lala National High School offers senior high By ARDETH MAE V. HAJAN Teacher I Lala National High School

LALA Natoinal High School offers two years of senior high to provide sufficient time for mastery of concepts and skills, develop lifelong learners and prepare g r a d u at e s f o r t e r t i a r y education, middle level skills development, employment and entrepreneurship. Senior high covers the

last two years of the K-12 p ro g r a m a n d i n c l u d e s Grades 11 and 12. In senior h i g h , s tu d e nt s w i l l go through a core curriculum and subjects under a track of their choice. It covers eight learning areas as part of its core curriculum and adds specific tracks (similar to college courses) based on

four disciplines: academic, T VL, sports and arts & design. For senior high school enrollment, just bring your report card and certificate of good moral. L a l a Nat i on a l Hi g h School is an institution of learning where the principal and teachers are equipped with the passion to make a difference in the lives of t he l e ar ne rs , w he re teachers are committed

and dedicated to develop the holistic personality of the students, where parents and barangay leaders are willing to extend their time and treasure towards the attainment of the goals of the school. Lala National High School is responsive to significant development such as technological breakthroughs, students’ needs and new government rules.

History rising: A new Cultural Center of the Philippines By ROYCE R. VILLONDO T-3 Lala National High School

THE Cultural Center of the Philippines (CCP) has been the country’s symbol of Filipino ingenuity, a venue that showcases incomparable local and world class talents, a catalyst for a major leap in cultural development and preservation and the world’s window to the Philippines as

the Asia’s mecca of culture and the arts. The CCP will soon have two additional buildings that will give the entire complex not just a whole new look but a different vibrancy altogether. The new Artists Center and the new Performing Arts

Theater are two of the new iconic buildings that will form the centerpiece of the CCP Complex master development plan which is aimed at redeveloping the 62-hectare property on the reclaimed land on Roxas Blvd. The new Artists Center will have rehearsal halls for the artists, black boxes and restaurants while the new

Performing Arts Theater, a 1,000-seat theater designed by Leandro Locsin and Associates will be the main performance venue. The P2-billion budget will be released to finally begin the construction of the new edifices in addition to the P50-million and 300-seater Black Box Theater which had its groundbreaking last year.

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Thursday|February 9, 2017

Mandatory environment insurance coverage requirement anti-competitive, redundant

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x port e rs h av e e x pre s s e d s t rong reluctance to the proposed law requiring mandatory environment insurance coverage (MEIC) for environmentally-critical businesses, saying this is costly and redundant. Philippine Exporters Confederation, Inc. (PHILEXPORT) President Sergio Ortiz-Luis Jr. said making MEIC a requirement as stipulated under House Bill Nos. 3279 and 235 will just add another layer to the already burdensome documentary requirements in doing business in the country. “This contradicts various

procedural documentary streamlining efforts by the national government and LGUs (local government units) in making the Philippine business environment more attractive,” he said in a letter to House C ommittee on Ecolog y chairman Estrellita Suansing. O r t i z - Lu i s b e l i e v e d that the MEIC policy is not economically viable especially for micro, small and medium enterprises (MSMEs) which account for 99.6 percent of total registered enterprises. “It will just compound their other problems that discourage start-ups and dampen the thrust towards

employment generation,” he said. The export group chief further said the intention of House Bill Nos. 3279 and 235 is the same with the existing mechanism under Department of Environment and Natural Res ources (DENR) Administrative Order No. 30 requiring the creation of an Environmental Guarantee Fund (EGF). Such EGF is enforced for all co-located or single projects that have been determined by DENR to pose a significant risk or where the project requires rehabilitation or restoration. Ortiz-Luis also cited the 1999 Clean Air Act

Many jobs can be performed just as well outside of the workplace with the aid of technology, such as in the employee’s home, that employers and employees can explore together and agree on to address traffic and work-life balance issues, said a labor executive. Mar y Gr a c e R i g u e r, OIC-exec utive director of the Institute for Labor Studies, an attached agency of the Department of Labor and Employment (DOLE), said some employers in the Philippines have begun adopt ing f lexible work arrangements (FWAs), such practices now enabled by technological breakthroughs. “In the Philippines there are some players already [engaging in FWAs] and we noted that some of the industries can engage workers in telecommuting,” said Riguer, who recently gave a talk on FWAs in a forum organized by the Employers Confederation of the Philippines. Some of these include Metro Pacific Investments which implements flexi time and work from home arrangements, and Aboitiz Equity Ventures which has adopted f lexi time and earlier-shift schedules, she added. Meralco is now also implementing

telecommuting, launching its pilot last year and currently planning to expand the coverage of the program, said Paola Verayo, an HR business partner at the company, in her presentation in the same gathering. Riguer said some fields in the services sector are a p ar t ic u larly go o d f it for FWAs. These include industries engaged in medical health, computer and IT, marketing, communications, customer ser vice, sales, administration, education and training, and finance. Meanw hile, among jobs or occupations that may adapt well to FWAs are online teaching, customer supp or t, web and software development, administration, sales and marketing, engineering, design and multimedia, mobile development, writing, accounting and bookkeeping, networking, and business services. As long as the work or some aspects of work will be using technology, it is possible for the employee to be allowed to work from the house or anywhere outside of work premises, said Riguer. Interest in telecommuting and other forms of flexible work practices is rising amid the terrible road congestion in Metro Manila and the growing desire of workers

for a more equitable worklife balance. A study conducted by the Japan International Coordination Agenc y foresees the traffic costs in Manila increasing to P6 billion a day by 2030 from P2.4 billion per day in 2015. Last year, Senator Jose Villanueva, chairman of the Senate Committee on Labor, Employment, and Human Resources Development, filed Senate Bill No. 1033, or the Telecommuting Act of 2016, on August 16, 2016. T he bi l l e nc ou r age s employers to allow “telecommuting” or t h e “p ar t i a l or tot a l substitution of computers or telecommunication technologies, or both, for the commute to work by employees.” On Januar y 25, said R i g u e r, D OL E m a d e a representation before a Senate hearing in support of the intent of the bill, noting that by institutionalizing telecommuting, the legislation can provide protection to telecommuting employees. She added that benefits for t he gove r n me nt of tele commut ing include reduced road traffic and pollution, while employers stand to gain from greater worker productivity, lower dole/PAGE 10

and Philippine Water Act requiring proponents to put up financial guarantee mechanisms to fund the needs for emergency re s p on s e , c l e a n - up or rehabilitation of areas that may be damaged during the program or project’s actual implementation. “Big businesses are already covered by environmental insurance policies as part of their good management practice. These policies, mostly covering all risks, are already costly,” he added. Instead of the proposed laws, Ortiz-Luis pushed for the proper implementation of the EGF and to be “enhanced if necessary.”

More PH firms adopting flexible work Diversification, arrangements amid traffic woes-DOLE building resilience

PRA Form No. 10.1 (LCRO)

keys to economic growth --NEDA

Sectors of the economy have to diversify their products and markets and build resiliency to support higher growth, said the country’s chief economist. “In particular, we need to champion innovation and diversification in the industry sector as it is still heavily dependent on external demand,” said National Economic and Development Authority (NEDA) DirectorGeneral Ernesto Pernia. Pernia said the services sector, on the other hand, need for a policy environment that makes it easier for firms to set up and operate businesses, as well as to comply with regulations. “In this respect, we need to make our regulatory system much more efficient and transparent,” he noted. The NEDA chief expects the industry and services sectors to remain strong this year. “The construction industry, in particular, will be in the limelight following the government’s aggressive commitment to approve and implement critical infrastructure projects,” he said. The Philippine economy expanded 6.8 percent in 2016, with services contributing 4.3 neda/PAGE 10

PRA Form No. 10.1 (LCRO)

Republic of the Philippines LOCAL CIVIL REGISTRY OFFICE PROVINCE OF MISAMIS ORIENTAL CAGAYAN DE ORO CITY

Republic of the Philippines LOCAL CIVIL REGISTRY OFFICE PROVINCE OF MISAMIS ORIENTAL CAGAYAN DE ORO CITY

NOTICE FOR PUBLICATION

NOTICE FOR PUBLICATION

In compliance with Section 5 of R.A. No. 10172, a NOTICE is hereby served to the public that MERLYN RIA YARE PAGAPULAAN has filed with this office a petition for the correction of clerical error in the entry of the date of birth from ‘’DECEMBER 10, 1992’’ to ‘’JULY 22, 1992’’ in the Certificate of Live Birth of MERLYN RIA YARE PAGAPULAAN who was born on DECEMBER 10, 1992 in CAGAYAN DE ORO CITY and whose parents are VICTOR OBEDENCIO PAGAPULAAN and HYDIE EDROTE YARE. Any person adversely affected by said petition may file his written opposition with this Office not later than February 18, 2017.

In compliance with Section 5 of R.A. No. 9048, a NOTICE is hereby served to the public that BERNARD ROXAS AVANCEÑA has filed with this office a petition for the change of first name from BERNARDINO to BERNARD in the Certificate of Live Birth of BERNARDINO ROJAS AVANCEÑA who was born on May 20, 1962 in CAGAYAN DE ORO CITY and whose parents are FELIPE AVANCEÑA and ELISA ROJAS. Any person adversely affected by said petition may file his written opposition with this Office not later than February 18, 2017.

BWM: Feb. 10 & 17 2017

(Sgd.) NORMA S. DIPUTADO City Civil Registrar

BWM: Feb. 10 & 17 2017

(Sgd.) NORMA S. DIPUTADO City Civil Registrar

9

10

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Thursday|February 9, 2017

Education... from page 6

the continued collection of tuition and other school fees to the students. “A s t h e d i s c u s s i o n s in the legislation starts, it is cle ar t hat t he f ree tuition policy they want t o i mp l e m e nt i s b a s e d on neoliberal policies

on education – the same p olicies t hat t a ke away our right to free public education in all levels,” said Rosos. Rosos added that the dis c ussion in C ong ress revolves around the standardization of certain criteria which is no different from the socialized tuition scheme

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL SUR 12th Judicial Region Branch 10 Hall of Justice, Marawi City

of the University of the Philippines. Rosos pointed out that such scheme was responsible why the said university has increased its tuition up to 1,500 per unit at present. Data also show, according to Rosos, that it has increased the collection from students while the number of students enjoying tuitionless education nose-dived,” Rosos added. Rosos noted that with the government and its economists tread the path

REPUBLIC OF THE PHILIPPINES REGIONAL TRIAL COURT OF LANAO DEL SUR 12th JUDICIAL REGION BRANCH 10 Hall of Justice, Marawi City

IN THE MATTER OF CANCELLATION OF THE CERTIFICATES OF LIVE BIRTH OF NOAIM RANDA ABBAS NOAIM RANDA ABBAS assisted by His father ABBAS BENITO ABDULSALAM, Petitioner, -versus-

SPL PROC. 2420-16

THE ADMINISTRATOR AND CIVIL REGISTRAR GENERAL OF THE PHILIPPINE STATISTICS AUTHORITY AND THE CIVIL REGISTRAR OF MAGUING, LANAO DEL SUR, Respondent. X------------------------------------------------X ORDER Before this Court is a verified petition for Cancellation of the Certificate of Live Birth of Noaim Randa Abbas dated October 31, 2016 and which reads in part: 1. Petitioner is Filipino, 13 years old, single and a resident of Malungun, Maguing, Lanao del Sur. For purpose of his petition, he is assisted by his father ABBAS BENITO ABDULSALAM, of legal age, Filipino, married ad resident of Malungun, Maguing, Lanao del Sur, where he may be served with summons and other court processes; 2. Respondent is the incumbent Local Civil Registrar of Maguing, Lanao del Sur whose officeis located at Municipal Hall, Maguing, Lanao del Sur, where he/she may be served with orders and processes of this Court. 3. Petitioner was born on October 05, 2003 at Malungun, Lanao de Sur to spouses Abbas Bernito Abdulsalam and Naima Dalimbang Randa, whse birth was belatedly registered by the petitioner’s father, a copy of Certificate of Live Birth with Registry No. 2014-538 is attached as Annex “A”. 4. Unknown to the father, said birth was previously registered by the petitioner’s wife in 2004, under Registry No. 2004-183, where the petitioner’s date of birth and surname were erroneously entered as OCTOBER 07, 2003 instead of OCTOBER 05, 2003 and HADJI NAIM instead of ABBAS; 5. The existence of another Certificate of Live Birth, which contain erroneous entries, was discovered only when the petitioner’s father secured petitioner’s Certificate of Live Birth from the Philippine Statistics Authority (PSA), a copy of said Certificate of Live Birth is attached as Annex “B”, 6. Petitioner is consistently using the name NOAIM RANDA ABBAS and is the name reflected on his school records as shown in his PROGRESS REPORT CARD issued by the Malungun Elementary School, Maguing, Lanao del Sur and IDENTIFICATION CARD (id) issued by the Malungun Elementary School, Maguing, Lanao del Sur attached as Annexes “C” and “D”, 7. The true and correct name of petitioner’s father is ABBAS BENITO ABDULSALAM as evidenced by his CERIFICATE OF MARRIAGE, PASSPORT, IDENTIFICATION CARD (ID) and VOTER’S IDENTIFICATION CARD (ID), attached as annexes “E”, “F”, “G” and “H”, responsively, 8. This petition is filed without slightest intention in defraud or prejudice the government or any person, its ultimate purpose is to rectify erroneous entries in the public records; 9. Petitioner submits that nobody will be prejudice by granting this petition nor is there a pending case filed against him. Finding the aforesaid petition to be sufficient in form and substance, it is hereby ordered that the same be set for hearing before this Court on MARCH 8, 2017 at 8:30 o’clock in the morning. Let a copy of this Order be published at the expense of the petitioner in a newspaper of general circulation in Lanao del Sur or Marawi City or Iligan City for three (3) consecutive weeks. The Local Civil Registrar of Maguing and Civil Registrar General, or any person or party who has interest in the petition, may file his/her opposition there to within fifteen (15) days from notice of this petition or from the last day of publication of this Order. Further, let this Order be posted for fifteen (15) days prior to the date of hearing in the Bulletin Board of the Local Registrar of Maguing and Bulletin Board of this Court, at expenses of the petitioner. The petitioner is directed to notify this Court of the publication of this Order not later than three (3) days before March 8, 2017. Furnished copies of this Order, together with the copies of the petition to the Local Civil Registrar of Maguing the Hon. Solicitor General, Makati City and Hon. Civil Registrar General, Philippine Statistics Authority (PSPA). Sta Mesa, Manila

SO ORDERED

Marawi City, Lanao del Sur, Philippines, January 10, 2017

(Sgd.) WENIDA B.M. PAPANDAYAN Presiding Judge

BWM: Feb. 3, 10 & 17, 2017

that wants to use the clamor of free public education to extract more profit from the students and intensify the commercialization and privatization of education. Rosos explained that the free tuition polic y they desire will only aggravate the already dire state of access to education. Rosos pointed out that while neoliberal policies like the Education Act of 1982, Higher Education Mo d e r n i z at i o n Ac t , K to 12 program are being

IN THE MATTER OF THE PETITION FOR CHANGE OF NAME (SURNAME) OF MOHAMAD NASSIF MANUDI IBRAHIM

SPL PROC. 2413-16

MOHAMAD NASSIF MANUDI IBRAHIM, Petitioner, -versusTHE ADMINISTRATOR and CIVIL REGISTRAR GENERAL OF PHILIPPINE STATISTICS AUTHORITY And the CIVIL REGISTRAR OF SAGUIARAN, LANAO DEL SUR Respondents, x----------------------------/ ORDER Before this Court is a verified petition for change of name in the certificate of live birth of MOHAMAD NASSIF MANUDI IBRAHIM dated September 26, 2016, and which reads in part: 1. Petitioner is of legal age, single and a resident of Pawak, Saguiaran, Lanao del Sur (LDS) since birth, where he may be served with the orders and other processes of this Court; 2. Respondent Local Civil Registrar of Saguiaran, LDS is the custodian of all records of birth in Saguiaran, LDS whose office is located at Municipal Hall, Saguiaran, LDS while respondent Administartor and Registrar General of Philippine Statistics Authority is the custodian of all records of birth in the Philippines whose office is located at Sta. Mesa, Metro Manila, where they may be served with orders and other processes of this Court; 3. Petitioner was born on October 08, 1991 at Pawak , Saguiaran, LDS to parents Ibrahim M. Manongcarang and Sakina M. Manudi. Petitioner’s birth was registered under Registry No. 91-103 by his father Ibrahim Manongcarang , a copy of petitioner’s Certificate of Live Birth is hereto attached and marked as Annex ‘’A’’, 4. When petitioner enrolled in a formal education, his parents taught him to use Ibrahim as his surname, in consonance with the Muslim custom. Petitioner thereafter continues using said surname until he graduated in College; 5. At present, petitioner is publicly known and recognized as MOHAMAD NASSIF MANUDI IBRAHIM, not MOHAMAD NASSIF MANUDI MANONGCARANG. Thus, there is a need to change his name to avoid confusion and discrepancy in his school records. 6. To prove that petitioner is consistently using and is publicly known to be MOHAMAD NASSIF MANBUDI IBRAHIM, the following documents are hereto attached: OFFICIAL TRANSCRIPT OF RECORDS (TOR) issued by the Lyceum of Iligan Foundation, Corpus Christi Village, Iligan City IDENTIFICATION CARD (ID) issued by the Saguiaran National High School, Saguiaran, Lanao del Sur. NBI CLEARANCE issued by the National Bureau of Investigation, Iligan City and PASSPORT issued by the Department of Foreign Affairs (DFA), Cagayan de Oro City which are marked as Annexes ‘’B’’, ‘’C’’, ‘’D’’,’’E’’ and ‘’F’’ respectively; 7. The erroneous entry as to his surname appearing in petitioner’s Certificate of Live Birth must be corrected in order to avoid confusion that may adversely affect him in the future; 8. Finally, the petitioner submits that nobody will be prejudiced by granting this petition. Finding the aforesaid petition to be sufficient in form and substance, it is hereby ordered that the same be set for hearing before this Court on MARCH 7, 2017 at 8:30 o’clock in the morning. Let a copy of this Order be published at the expense of the petitioner in a newspaper of general circulation in Lanao del Sur or Marawi City or Iligan City for three (3) consecutive weeks. The Local Civil Registrar of Saguiaran and the Civil Registrar General, or any person or party who has interest in the petition, may file his/her opposition thereto within fifteen (15) days from notice of this Petition or from the last day of publication of this Order. Further, let this Order be posted for fifteen (15) days prior to the date of hearing in the Bulletin Board of the Local Civil Registrar of Saguiaran and the Bulletin Board of this Court, at the expenses of the petitioner. The petitioner is directed to notify this Court of the publication of this Order not later than three (3) days before March 7, 2017. Furnish copies of this Order, together with the copies of the petition to the Local Civil Registrar of Saguiaran, the Hon. Solicitor General, Makati City, and the Hon. Civil Registrar General, Philippine Statistics Authority (PSA), Sta. Mesa, Manila. SO ORDERED. Marawi City, Philippines, January 9, 2017.

(Sgd.) WENIDA B.M. PAPANDAYAN Presiding Judge

BWM: Feb. 3, 10 & 17, 2017

implemented, free public education can never be realized. Rosos also stressed that with the loyalty to the neoliberal dictates such as selective state subsidy to students will only produce illusionary programs like the free tuition policy that will be used against the students. “If we want a genuinely free public education in all levels – an education that is free from tuition and other school fees, then we should abrogate the neolib eral policies on education. This is a decade-old demand that will only be realized with our collective struggle,” Rosos said. LFS and other youth organizations is gearing for a nationwide walk out on Februar y 23 for free public education. Rosos said that this a protest that will demand the junking of different neoliberal policies in education. “Education is a right. Free education in all levels for every Filipino people is a state responsibility. This is our demand and we are willing to fight tooth and nail for this right,” Rosos ended.

DOLE...

Micro, small and medium enterprises (MSMEs), particularly start-ups and innovation ones, are urged to collaborate and seize more opportunities for market access, capital and mentorship. The government and IdeaSpace Foundation Inc., the leading early stage technology incubator and accelerator in the Philippines, signed a memorandum of understanding for the creation and launch of the QBO Innovation Hub. The innovation hub

aims to link innovators, explorers, investors, academic institutions, start-up mentors, funders and enablers as well as partners and stakeholders from both public and private sectors. “(It) lowers the barriers to grow startups and mobilize resources to accelerate growth; increases performance of start-ups,” said the Department of Trade and Industry (DTI)-Export Marketing Bureau (EMB). The hub is designed to prepare Filipino startup entrepreneurs for the global stage, it added. MSMEs can attend the hub’s open house every Tuesday. The establishment of the QBO Innovation Hub is in line with the eighth strategy under the present Philippine Export Development Plan (PEDP) highlighting the need to enhance the innovative capacity of the export sector through an efficient system of national innovation. It is under the Negosyo Center Plus operating model which aimed at developing innovative entrepreneurs for the global market.

from page 9

employee turnover, and a deeper talent pool. Employees, on the other hand, can enjoy benefits such as reduced travel time, greater flexibility, higher autonomy, and increased w o r k s at i s f a c t i o n a n d motivation.

NEDA... from page 9

percent and industry sharing 2.7 percent. The agriculture sector contributed negative 0.1 percent. The agriculture sector returned to negative territory at 0.1 percent in the fourth quarter of 2016, reeling from the effects of typhoons “Karen” and “Lawin” during the fourth quarter of 2016. Pernia identified extreme weather disturbances like the El Nino among the risks to economic growth which is projected at 6.5 percent to 7.5 percent this year. “The country remains vulnerable to very strong typhoons. There is a strong call to develop our agriculture sector and make it resilient to such shocks,” he further said.

Innovation hub to boost start-ups

ERRATUM In connection with the NOTICE OF EXTRA-JUDICIAL SALE of SOCIAL SECURITY SERVICES (SSS) a petition against NONIA O. AKUT published last February 1 & 8, 2017 the correct Entry of TRANSFER CERTIFICATE TITLE NO. T-34639 should be ‘’ A PARCEL OF LAND (Lot 6, Block 33 of the subdivision plan (LRC) Psd-131075, being a portion of Lot 1-D-2-F-1, Psd-9225, (LRC) Rec. No. 10003). Situated in the District of Bugo, Cagayan de Oro City, Island of Mindanao. Containing an area of Two Hundred Ninety Two (292) sq. meters more or less and not as published. BWM: February 10, 2017

11

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thu-fri|February 9-10, 2017

Solar... from page 1

Two more companies set up their samples in the afternoon in other locations within the city. “These solar and windpowered lamps have different specifications that the city government will be choosing from, depending of the needs of the city once the deal will be made”, Sayadi said. She said the transaction is made possible through the strengthened relationship between the city government and the People’s Republic of China. “This is a product of established good relations with China that we were able to entice investors to come to Cotabato City”, she said. Sayadi added that the investors are also interested to establish an airport and economic zone in the city. The project aims to help the city keep up with its goal to becoming an eco-friendly city aside from being a halal hub of Mindanao.

Deal... from page 1

(SIARELCO) have signed Renewable Energy Supply C ont r a c t ( R E S A ) w it h Hedcor which is building the 68.8-Megawatt(MW) Manolo Fortich hydro power project in Bukidnon. In a statement Wednesday, Hedcor Vice President for Mindanao Operations Rolando Pacquiao said the six cooperatives have started to shift towards a more balanced mix of energy sources “By signing up with Hedcor, they are giving their member-consumers the benefit of using renewable energy as well as a balanced mix of energy sources,” Pacquiao said. Hedcor has signed up a total of 23MW of power contracted by its existing customers. Out of this, Z ANECO which ser ves the area in and around Zamboanga del Norte and the cities of Dipolog and Dapitan have signed for a total of 10 MW. Zamsureco 1 and Zamsureco 2 which services the rest of Z amboanga peninsula signed for 3 MW each. BUSECO with franchise locations in Bukidnon, including Malaybalay City, Manolo Fortich and Valencia City, signed for 5 MW. MOELCI 1 is currently servicing some municipalities in Misamis Occidental and SIARELCO, covering at least nine towns in Siargao Island, each signed for 1 MW. “We hope other electric c o op e r at i ve s w i l l t a ke advantage of renewable energ y to add to their portfolio and the benefits of a RESA contract,” Pacquiao said. Hedcor is set to complete its 68.8 Manolo Fortich Hydropower Plants located in Bukidnon by the third quarter of this year. These hydropower plants will produce 360-GWh of clean and renewable energy every year for the Mindanao grid, thus ensuring ample

power supply to meet the increasing power demands of the region. (PNA)

Denmark... from page 1

Teresita M. Pascual, D C C CII vice-president for agribusiness, said the chamber pointed out the advantages of setting up operations in Mindanao, including low cost of inputs and labor as compared to Europe. The group’s vice-president for industry, Wilfredo C. Teves, said the hog industry has been growing in recent years and it could develop faster with assistance from the local government. Mr. Christensen, for his part, advised the local business sector, as well as the rest of the country, to consider expanding the shipbuilding industry. He noted that the Danish Export Association has said that the Philippines is already considered among the leading shipbuilding countries because of the favorable investment climate and highly skilled workers. DCCCII officials and the Danish ambassador also talked about export opp or tunit ies wit h t he G e ne r a l is e d Sy ste m of Preferences Plus (GSP+) status given by the European Union (EU) to the Philippines. Under the GSP+, more than 6,000 products from the Philippines have tarifffree entry to EU member countries since December 2014. B as ed on data f rom the Philippine Statistics Authority, the Philippines exported about $7.184 billion to EU countries, including Denmark, in 2015, while imports stood at $6.690 billion. -- Carmelito Q. Francisco

EPIRA... from page 1

On improving “governance concerns,” he noted that a position of a chief executive officer (CEO) may be added into the layer of the ERC’s bureaucracy, primarily to handle the agency’s budgeting and administrative matters. “ Wh e n it c om e s t o governance, the prevailing international best practice would be to have CEO and chairman as two separate individuals, because you can’t have a CEO proposing the budget and also implementing it…so in terms of checks and balances, that is already a weakness,” the lawmaker stressed. M o r e o v e r, o n t h e t r a n s p a r e nt s p h e r e o f regulation, Gatchalian is advocating that rate-setting and other consumer-critical matters of discussions at the ERC be opened and within the lens of public scrutiny. “If you want the public to understand the debates and understand rate-setting, we have to open that up – one of our proposals would be to open the discussions to make it public,” he said. On ERC’s proposed fiscal independence, Gatchalian noted that they will just allow

the regulatory body to retain certain fraction of earnings to partly fund its operations. “We have not thought out of any specific figure or percentage yet, that will be up for discussion when we take up this governance reform measure,” he said.

Probe... from page 2

be profiled so they would be given the needed assistance and would undergo briefing on psychological stress, he said. CSWD records showed t hat t he homes of 311 families affecting about 2,000 individuals were destroyed by flood in January. The villages of Bugo, P u e r to, Ag us an , Gus a , Cugman, Camaman-an, Canitoan, Carmen, Iponan and Barangay 35 here were severely affected, prompting the city government to declare a state of calamity here. (PNA)

Tourist... from page 2

visitors and P721 million in gross receipts; Basilan with 24,243 visitors and P424 million in gross receipts; and Sulu with 13,857 and P242 million in gross receipts. “Tourist gross receipts cut across other industries like transport, trade, food, and telecommunications, among others,” Sec. Dilangalen explained. She also said that tourism can provide direct jobs to the community. “Visitors’ expenditures generate income for the local community and can lead to the alleviation of poverty,” she added. (BPI/ PIA-10)

Batas... from page 4

what the Bible says in Luke 2. But that is not the point. Jesus may have grown up anywhere, for all we may care (or, in typing the column where I said He grew up in Bethlehem, I may have committed a typographical error in an attempt to beat a deadline). Ye t , w h a t i s m o r e important to realize is that, during the year that there were no exact details of what He had done or where He had been, the Bible clearly demonstrated He was God and Savior, even when He was still a young boy. “He was filled with wisdom, and the grace of God was with him,” Luke said. Now, this could only be taken to mean that Jesus is not human, when read in conjunction with Isaiah

7:14 and 9:6, and Matthew 1:18-25. -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible Exposition and prayer session online, could now be heard 24/7 (24 hours a day), in the Philippines and the world at www.facebook. com/angtangingdaan. Phone: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

Hurst... from page 4

take charge of your life. Jesus wants to make you a member of His family, where He’ll always love, forgive and accept you. He’ll also start healing your past hurts from your childhood and help you to forgive those who hurt you. Jesus is the one who can help you reach your potential to enjoy the success and happiness your heavenly Father wants to give you. Just Think a Minute…

Cimagala... from page 4

the world. Of course, true prudence springs first of all from our intimate personal relation with God, the source of all good things, of all truth, of all love. Without that foundation, our prudence would be limited to mere appearances of prudence that would be nothing other than the prudence of the world and the prudence of the flesh, if not the prudence of the devil. Again, we cannot overemphasize the need to be vitally united with God for us to be truly prudent and able to discern all types of information that are being fed to us these days. roycimagala@gmail.com. from page 5 revenues, and record-level EBITDA,” Mr. Cu said in a briefing. “Full-year consolidated service revenues, once again, reached a new record high of close to P120 billion from P113.7 billion last year due to the continuous surge in data consumption across all business segments,” he added. However, the Ayalaled telco firm’s reported net income dipped 4% to P15.88 billion in 2016 from the P16.484 billion recorded in 2015, amid a general slowdown in traditional legacy business and nonANNEX’’B’’

Date: Feabruary 1, 2017

CCE-0040-2017 RA 10172 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 BRYELLE B. SAGUYON has filed with this Office a petition for correction of entry in SEX from ‘’FEMALE to ‘’MALE’’ in the Certificate of Live Birth of BRYELLE B. SAGUYON, born on April 18, 2003, at Baungon, Bukidnon and whose parents are BRYAN SAGUYON and MARY JANE B. BUNA. Any person adversely affected by said petition may file a written opposition with this Office not later than February 17, 2017.

BWM: Feb. 3 & 10, 2017

Megaworld owns 100 percent of Suntrust Properties, Inc., 82 percent of GERI and 82 percent of Empire East Holdings, Inc. It has already built over 350 resident ia l, of f ice, commercial and hotel towers across the country. (PNA)

BSP...

from page 6

and commercial leasing businesses towards a strong and stable recurring income base,” explained Canuto. Megaworld is the country’s largest developer of integrated urban townships. It is one of the biggest property developers in the Makati Central Business District, the country’s premier financial center, with a total of 27 residential and office towers built today.

Anti-Money Laundering Act, as amended, and its implementing rules and regulations, shall likewise apply to VS exchanges. The approach is essentially aligned with the June 2015 Financial Action Task Force Guidance for a Risk-Based Approach to VCs. It also promotes a level regulatory playing field for financial service providers performing similar services. VC e xch ange s are required to execute a Deed of Undertaking to implement, among others, minimum st andards of consumer protection. Transactional requirements for large value pay-outs were also adopted to manage ML/TF risk. Finally, technology risk management is a minimum requirement for VC exchanges given the nature of their business. Maj or v i o l at i on s of specific provisions of the VC exchange regulator y framework as well as noncompliance with the Deed of Undertaking will be penalized and may result in cancellation of the BSP Certificate of Registration or other applicable sanctions depending on the gravity. BSP-registered financial institutions, particularly banks, are prohibited from dealing with unregistered VS exchanges or similar entities.

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

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

MICHAEL JOHN V. CORRALES CASENO.2017-10-259 Applicant/s (2007-10-360)

MARIA AMEI M. DINNEN -Deceased CASE NO. 2017-10-257 MARINA M. SELERIO-Surviving Heirs (2012-10-024) Applicant/s

Megaworld... from page 5

Profit...

Publication Notice RA 10172 Republic of the Philippines LOCAL CIVIL REGISTRY OFFICE Baungon, Bukidnon

operating charges related to its acquisition of San Miguel Corp.’s telecommunications assets. “Despite the strong growth in EBITDA (earnings before interest, tax, depreciation and amortization), the increase in non-operating expenses as well as higher depreciation expenses recognized during the year... note that this year’s non-operating expenses included P1.1 billion of costs related to the acquisition of Vega Telecom, Inc. (VTI), including Globe’s share in net losses of joint venture, spectrum amortization and interest expenses related to the additional debt incurred from VTI transaction,” Globe said in a separate statement. In 2015, Globe recorded one-time gains from the sale of a 51% equity stake in Fondu, Inc. and the acquisition of a 98.6% stake in Bayan Telecommunications, Inc. The telco giant said its “normalized income” for 2016, excluding the impact of the strategic transactions mentioned, would have been 12% higher year on year to P16.9 billion, from P15 billion.

(Sgd.) EVANGELINE C. LIBAYNON Municipal Civil Registrar

NOTICE OF HEARING

NOTICE OF HEARING

APPLICANT(s)/PETITIONER(s) request/s authority for Approval of extension of validity of Certificate of Public convenience to operate TAXI service Along the line ;Within Cagayan de Oro City to any point in Region X and vice versa with the use of one(1)units. This application/petition shall be considered by this Board on February 16, 2017, at 10;00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence. The Applicant(s)Petitioner (s)shall publish said notice at least FIVE (5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(ies)opposed to the approval / granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/her/their oral testimony(ies). N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 8th day of February, 2017, Cagayan de Oro City,Philippines.

APPLICANT(s)/PETITIONER(s) request/s authority For approval of change granteewith extension of validity of Certificate of Public Convenience to operate TAXI service along the line ;Cagayan de Oro City to any point in Region X and vice versa with the use of ONE(1)units. This application/petition shall be considered by this Board on February 16, 2017, at 10;00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence. The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island. Party(ies)opposed to the approval / granting of the application /petition must file his/her/their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/her/their oral testimony(ies). N.B. FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/PETITION. Issued this 8TH day of February, 2017, Cagayan de Oro City Philippines.

AMINODEN D. GURO OIC Regional Director

AMINODEN D. GURO OIC Regional Director

bwm: Feb 10, 2017

bwm: Feb 10, 2017

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thu-fri|February 9-10, 2017