BusinessWeek Mindanao (January 17-18, 2022)

BusinessWeek M I N DA N A O CREDIBLE

Volume XII, No. 93

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Programs for MSMEs THE government is offering various programs to help micro, small and medium enterprises (MSMEs) transform their businesses digitally to sustain operations even during the pandemic and promote youth entrepreneurship development.

Edwin Pasahol, chief of the Department of Trade and Industry (DTI) - Bureau of SME Development Program Development Division, said the agency is promoting an intensive shift to digitalization as physical stores have lost clients since the global health crisis began in March 2020.

“We highly advocate digitalization and promoting digital operations in partnering with service providers that are into platforms, so they can continuously operate their businesses and not eventually shut down,” he said in mixed English and Filipino during a recent webinar.

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Appeal for donation CHAIRMAN and CEO Senator Richard Gordon appeals to the public to continue donating to the Philippine Red Cross (PRC) fund for Typhoon Odette.

The fund not only delivers immediate relief but also goes towards long-term recovery efforts to help more affected families rebuild their lives.

"You can count on the PRC to use your funds properly in providing a lifeline to hapless Filipinos affected by ‘Odette’. We were prepared days before the disaster struck and were first to respond as it made landfall. We need your help. The aftermath of typhoon Odette is a difficult challenge that will go on for the next several months, and only together we can save more lives," Gordon said in a media release Saturday.

Avoid panic buying THE Department of Trade and Industry (DTI) has reiterated its call to avoid panic buying of flu medicines despite the rising cases of coronavirus disease 2019 (Covid-19).

This, as the DTI and the Department of Health (DOH) have pushed through in limiting the purchase of flu medicines despite the recommendation of drug manufacturers that putting a cap on the purchase of these drugs will no longer be needed as there are no production capacity issues in the local market.

The DTI and DOH issued Joint Memorandum Circular No.22-01 limiting the purchase of paracetamol, phenylephrine hydrochloride, carbocisteine, and chlorphenamine maleate paracetamol per person and per household.

'ODETTE'S' RUINS. The Philippine flag stands tall amid the ruins of what used to be the barangay hall of Poblacion 2 in the municipality of Burgos in Siargao Island. Typhoon “Odette” razed the building to the ground. mindanews photo by roel n. catoto

Mother and son Yanson retains hold over Mindanao operation

By GERRY LEE GORIT, Reporter

OLIVIA Yanson and son Leo Rey re-affirmed their leadership and management of Mi nd ana o St ar Bus Transport Inc. (MSBTI), a bus company plying routes in Mindanao.

At the Company's annual stockholders’ meeting on Janu ar y 1 5 , 2 0 2 2 , L e o Rey V. Yanson, Ginnette

Y. Dumancas, Charles M. Dumancas, Rey C. Ardo and Arvin John V. Villaruel were re-elected as members of MSBTI’s board of directors.

Following the election of the directors, the board held an organizat iona l meeting wherein Leo Rey V. Yanson was re-appointed as chairman of the board

OVID-19 cases in Cagayan de Oro City breached the 100mark on Friday, prompting officials here to implement a “No Vaccine, No Entry” policy in the city’s malls and markets, and order the removal of basketball rings in the barangays.

The Reg ional Epidemiolog y, Surveillance and Disaster Response Unit (RESDRU) of the Department of Health region 10, in its January 14 report, recorded 113 COVID-19 cases in Cagayan de Oro on the day that the national Inter-Agency Task Force raised the status of the city to Alert Level 3.

The last time the city recorded triple-digit infections in a single day was in August last year when the surge in COVID-19 cases overwhelmed the city’s health care system.

Dr. Ted Yu, City Health Office medical officer, said the city has been recording only one case per day three weeks before Christmas.

Yu said COVID-19 cases jumped to at least 60 cases a day since Monday, VAX/PAGE 7

and president of MSBTI and Olivia V. Yanson as corporate secretary and treasurer. Olivia was appointed last year by a Bacolod court to be the special administrator of the estate of his late husband Ricardo B. Yanson.

Despite the proper and timely notice given, stockholders Roy V. Yanson, Ricardo V. Yanson Jr., and RETAINS/PAGE 7

DOE to meet with NGCP on summer power scenario

By MYRNA M. VELASCO, Contributor

MINDANAO STAR BUSES. Fleet of Mindanao Star buses parked at the Yanson Group of Bus Companies headquarters in Bulua, Cagayan de Oro. The company held its annual stockholders' meeting in the city on Saturday which reinstalled matriarch Olivia Yanson and son, Leo Rey the top leadership. photo by gerry lee gorit

THE Department of Energy (D OE) is s cheduling a meeting with system operator National Grid Corporation of the Philippines (NGCP) for updating of power supplydemand forecasts in view of “No-El” (no electricity) fears being raised this year’s

summer months and on the May 9, 2022 elections.

According to Energ y Assistant Secretary Redentor E. Delola, the last power s up p l y o ut l o o k d r aw n up by the DOE that was done in collaboration with POWER/PAGE 7

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'Odette' dislodges 5K tourism workers in Caraga BUTUAN City – A total of 5,161 tourism workers were displaced when Typhoon Odette struck Caraga Region on December 16 last year.

The data is based on the report made by Department of Tourism (DOT)- Region 13 Director Nelia Arina, wherein a copy of which was obtained by the Philippine News Agency on Friday.

Of the total affected tourism workers, 5,154 were from

Surigao del Norte, particularly from Siargao Island and Surigao City, while seven were from the province of Dinagat Islands.

“The figures on the affected tourism workers are subject to change due to ongoing validation being conducted in the affected areas,” Arina said in the report.

The agency is also validating the number of tourism-related establishments damaged or destroyed by Typhoon Odette.

She said a day after the typhoon struck, a help desk was immediately established to assist tourists who were stranded in Surigao del Norte, particularly in Siargao Island.

The agency also facilitated help and donations from Manila for the affected residents in Siargao Island.

From January 8 to 9, a total of 200 food packs and 300 blankets and mats were facilitated for distribution by the agency from

donors in Manila.

Food and non-food items donated by the Makati Medical Center Foundation were also sent for immediate distribution to Siargao Island, particularly in the towns of Burgos and Del Carmen.

Meanwhile, the DOT-13 has scheduled a virtual benefit concert dubbed “Paghuyaw” (A Calm after the Storm) in partnership with the Rotary Club of Mandaluyong North.

The virtual concert, which will feature selected artists from Manila and Caraga Region, is set at 6 p.m. on January 29 and can be viewed live through the official Facebook accounts of the DOT-13 and the Rotary Club of Mandaluyong.

“The proceeds of the virtual concert will be given to the tourism workers of Siargao, Surigao, and Dinagat who were victims of the Typhoon Odette,” the DOT-13 said. (PNA)

DA eyes adlai, strawberry farming as emerging crops for NorMin THE Department of Agriculture Region 10 (DA-10) has seen a potential in adlai and strawberry as emerging crops in Northern Mindanao that can be sold in mainstream markets in the future.

During a media forum on Thursday, DA-10 Technical Director Carlota Madriaga said adlai, also referred by indigenous peoples as "agglay," is easy to produce even through

organic production technology, and it grows in any places regardless of climate and soil conditions, "In the time of the pandemic (when it started in 2020), we have established the Adlai Development Program where we train farmers in planting adlai, and help them in the processing and marketing of products," he said.

As part of Executive Order 70 through the "whole of nation approach," DA-10 introduced adlai farming to former rebels who surrendered and received help from the government.

One example was the former rebels in Impasugong, Bukidnon, under the supervision of the Army's 8th Infantry Battalion, where more than 25 farmers availed

themselves of the "Arms-toFarms" program.

The program aims to provide agriculture-based livelihood opportunities for former rebels while they temporarily live inside the military camp.

Since its implementation, the former rebels were able to harvest root crops, adlai, and corn with P200,000 in annual sales.

In the blog of Maria Perrine, pastry chef based in Bukidnon, she described adlai as an "ancient heirloom grain cultivated throughout Asia, indigenous to the Philippines,

and is an alternative staple food with many healing properties."

She said adlai is known as Asia’s barley or more commonly referred to as "Chinese Pearl Barley," or Job’s Tears. This unique grain has a slightly nutty flavor and has a texture anywhere from al dente pasta to fluffy rice depending on its preparation.

Strawberries in MisOcc Meanwhile, Madriaga also highlighted the strawberry farming in the town of Don Victoriano, Misamis Occidental.

"Because of agri-tourism, strawberry production has

become a good potential (for bulk production)," she said.

Madriaga said growing strawberries in the said town was an exploratory endeavor as part of the Special Area for Agricultural for Development, and later the town is known for its "strawberry hills."

"Before, the farmers only plant highland crops, they can grow them because of the cold weather since the town was situated at the foot of Mount Malindang," she said.

DA-10 joins the central office in observing Food Conservation Month in January. (PNA)

The Role of Technology in Learning Continuity GINA C. MAŇA DIVISION OF EL SALVADOR CITY

In times of crisis, technology provides innovative and r e s i l i e nt s o l u t i o n s f o r combating turmoil, helping people communicate and work v ir tu a l ly w it hout personal interaction. This brings many system changes to the organization as it introduces new technologies for interaction and work.

Ho w e v e r, t e c h n i c a l challenges such as internet connectivity can be the biggest barrier to education and learning continuity, especially in places where there are no signals, especially for academic institutions that choose

online learning as their teaching method. Therefore, alternative learning models need to be supported by well-designed technical and logistic implementation plans during a pandemic.

Blended learning is a combination of technologybased online and offline learning methods. Online is when students study with teachers and classmates through an application that uses a webcam. Teachers, on the other hand, provide s t u d e nt s w it h l e s s on s , exercises, or assignments that they can complete at their own pace and on time.

All works are submitted and evaluated online.

This new manner of learning brought by COVID-19 pandemic may be an extra task all through this difficult time. Considering the fact that going returned to t h e “n or m a l” we ` re a l l conve rs ant i n isn`t going to manifest each t ime s o on, let`s a l l do the first-class we should to regulate and make this cutting-edge scenario work.

Remember, the purpose of on-line mastering is to hold the learners engaged academically a good way to maintain what they've learned.

The nationwide closure of educational institutions to contain the spread of the virus has impacted world’s student population. The need to mitigate the direct impact of school closures on learner learning continuity from the learner's perspective is an important consideration.

In addition, the teacher's perspective is as important as the learner's perspective to provide and support the learning process. Teachers need to effectively address these current challenges and prepare to act as facilitators in distance learning platforms to promote learner-to-learner learning, learner differentiation, and learner-centricity.

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Toyota to offer new RAV4 HEV next month TOYOTA Motor Philippines Corp. is set to offer the new RAV4 hybrid electric vehicle (HEV) in February as part of efforts to expand its range of HEVs available in the country.

In a statement on Friday, the company said the planned launch of the new RAV4 HEV next month will bring its available hybrid models to five, with the Prius, Corolla Altis HEV, Camry HEV, and Corolla Cross HEV. “The rapid succession of Toyota’s HEV model introductions in the country is an indicator that hybrid cars are now mainstream,” Toyota Philippines First Vice President for Vehicle Sales Operations Sherwin Chualim said.

“Filipinos are ready for energy efficient mobility options with less emissions, and hybrids offer choices that are practical and ready to use

in our existing infrastructure and road conditions,” he added.

The automaker said the full features and specifications of the new RAV4 HEV will be revealed soon in the company’s website and social media channels.

The suggested retail price of the vehicle is expected to start at P2,157,000, it said, while inquiries for reservations will begin on Jan. 17.

“On top of the selfcharging hybrid technology, no need to plug in, the New RAV4 HEV is expected to carry more exciting innovation and technology, like advanced safety features, Toyota New Global Architecture (TNGA) development, combined with the signature quality, durability, and reliability, suitable for the brave and adventurous,” it said.

Strong corporate governance, lending mgt buoy financial sector

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HILIPPINE banks’ strong corporate governance and effective management of lending operations allowed the sector to weather the impact of the current pandemic.

In a virtual briefing on Thursday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the domestic financial institutions (FIs) remain stable since assets, loans, and deposits remain on expansion mode amidst the challenges since last year.

Citing BSP data, Diokno said the banking sector’s total assets rose by 7 percent year-on-year to P20.4 trillion as of endNovember 2021.

This was mainly driven

by deposits, which grew by 9.2 percent year-on-year to P15.8 trillion and accounts for around 77.7 percent of the sector’s assets.

Banks also continue to have sufficient capital and liquidity buffers, Diokno said.

As of end-September 2021, the sector’s capital adequacy ratio (CAR), which is a gauge of FIs’ financial health, stood at 16.9 percent for universal and commercial banks (U/KBs) on solo basis and 17.4 percent for consolidated basis.

These are both higher than the 10 percent minimum requirement by the BSP and 8 percent by the Bank for International Settlements (BIS).

Liquidity buffers also

German biz group sees big opportunities with new retail trade law THE German-Philippine Chamber of Commerce and Industry (GPCCI) said Friday it sees greater opportunities in putting up shops in the country after the enactment of Republic Act 11595 or the Retail Trade Liberalization Act (RTLA).

“We welcome the enactment of this landmark reform. As the law addresses the existing investment barriers, we are seeing massive opportunities for foreign retailers to participate in the Philippine market and will also help us further promote the country as an attractive investment

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CorporateWorld

destination,” GPCCI executive director Christopher Zimmer said in a statement.

President of GPCCI, Stefan Schmitz, noted that the RTLA would help the Philippines in economic recovery.

“To fully realize its potential, we urge the Philippine government to pass the other economic bills, such as the amendments to (the) Foreign Investment Act and Public Service Act as it complements (the) RTLA in further opening up the Philippine economy,” Schmitz said.

Signed into law by President Rodrigo

Duterte in December last year, the RTLA reduces the required paid-up capital for foreign retailers eyeing to establish their shops in the Philippines from $25 million (P125 million) to $500,000 (P25 million).

The Department of Trade and Industry and the National Economic and Development Authority have been tasked to review the required minimum paid-up capital every three years.

The GPCCI is the official representation of German businesses in the Philippines with about 300 members. (PNA)

remain above the 100 percent threshold at 197.5 percent for solo liquidity coverage ratio for U/KBs as of end-October 2021.

Smaller banks also posted liquidity buffers that are higher than the minimum level of 20 percent, Diokno said.

“The strong liquidity position of banks enabled them to continue extending credit support to the country’s economy,” he said.

Lending activity, which hit a snag since late 2020 after banks took a more cautious stance against the pandemic’s impact on borrowers’ capacity to pay, has started to recover.

Diokno said loans remain to have the majority share of the banks’ total assets.

He said the sector’s gross total loan portfolio (TLP) rose by 4.3 percent to P11.1 trillion as of November 2021.

For one, loans extended to the micro, small and medium enterprises (MSMEs) rose to around P244.4 billion as of Dec. 23, 2021, way higher than the P8.7 billion in April 2020.

“Banks currently remain cautious but

project positive business outlook in the next two years,” Diokno said.

He said “the favorable outlook, rising vaccination coverage in the country, and the BSP credit-related reliefs are expected to further boost market confidence and encourage banks to sustain financing to households and critical sectors of the economy.”

Meanwhile, Diokno said the non-performing loan (NPL) ratio of the banking system declined to 4.3 percent as of endNovember last year from 4.4 percent in the previous month after banks’ increased provisioning.

He said they project banks’ NPL ratio to be between 5-6 percent for December 2021 and to remain in single digit in the coming years.

“The strong initial financial position and sound governance of banks have enabled them to weather this crisis and manage their NPLs. Long before the Covid-19 pandemic, banks have already embedded a strong corporate governance and effective risk management in their lending operations,” he added.

(PNA)

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Opinion

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Right of Suffrage Be Exercised for Social Change KIM'S DREAM

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How to crash your career Think a minute… It can take years to find the right job and career, but only days to lose it! Here are some negative character traits and attitudes that can crash your career and take away your job security and ability to provide for our family.

The #1 way to ruin your career is to have poor people skills. Most people prefer to work with someone who is less-skilled but kind and enjoyable to work with— rather than be stuck working every day with a highlyskilled “jerk.”

A second way to crash your career is to work only for yourself and your advantage rather than being a team player. Don’t keep trying to outshine your fellow workers, or simply use them to climb higher in your company.

Instead, try to help your boss and fellow workers do well also. Remember, this will also build your network of friendships, as well as a happier environment and experience every day.

A third way to ruin your job security and future is not to be reliable and responsible.

My friend’s father taught

THINK A MINUTE

JHAN TIAFAU HURST him: “Son, always work hard and do your best so you are worth your wages and your boss does not want to lose you.” Ask yourself: “If I was my boss, should I trust me as a loyal, productive and honest worker?”

A fourth way you can ruin your career is to have no goals. You will not have a career to crash if you do not even want to get it off the ground! If you have no purpose or passion for your work, you will have to endure your unhappy career every day of your life.

A fifth and final way to hurt your successful career is if you are afraid of risk or failure. Remember, “The CAREER/PAGE 7

MON-TUE|JANUARY 17-18, 2022

Electoral Campaigns Should Dwell on Issues

Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com

RUFINO T. MAGBANUA Vice President for Business Development

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ORLAN R. RAVANERA When the wealth of information through the mainstream or social media focuses on personalities through rhetorical style and body languages of the candidates and not on issues, Philippines elections will just be a “big circus” as politicians will open-up their floodgates of vast reservoir of funds to get the much-needed votes.

That seems to be what is happening now. To those who will be running the country, may we ask three basic questions: Firstly, do you know where are we now – socially, economically and ecologically? Secondly, knowing the socio-economic and ecological realities besetting our people, where do we go from there? Thirdly, do you have concrete plans on how to get there? Unless these questions are responded to with concrete plans, platforms and roadmaps to effect social transformation to make life better for the people, especially the poor and the

oppressed, the exercise of the right of suffrage of the Filipinos will just be palliative and no way can social change be had in a highly skewed, pyramidal societal order where economic power is controlled by a few oligarchs.

Indeed, for those who have dreamt, struggled, sacrificed and even died for it, social change has been so illusive all these years. If I may recall, at the time of the ”First Quarter Storm” in the early seventies, we had been shouting in the streets, “Let not a single drop of rain go out to the sea without serving the people!

Ang Sambayanang Pilipino ay ang taga-gawa ng kasaysayan!

Meron pa bang hihigit na pagibig ng isang nagmamahal sa bayan na handang iaalay ang buhay upang ang mga inaapi ay makamit ang tunay na kalayaan laban sa kahirapan?”

It was during those golden days of student activism that the painful socio-economicecological realities were so glaring as our country then, even until now, has just being treated as a neo-colony of imperial powers. Those who were supported by these imperial powers and the oligarchs would almost always win elections. And when they were empowered to run the country, their loyalty to the imperial powers and oligarchs has remained as strong as ever.

Let me go back to history.

Sometime in 1900, in a meeting in the US Senate, Ms. Marites Vitug, in her book.

“Power from the Forest,” narrated that there was this big debate on whether the US would continue its occupation in the Philippines or not? It was the thinking then that the US better leave the Philippines as a colony because it was difficult to have a colony situated in the other side of the globe; better colonize Cuba that is very near the US. The US Senate’s decision to leave the Philippines as a colony did not push through because of the statement of Senator Alfred Beviridge when he said, “We should maintain the Philippines as a colony because the 17 million-ha.

Philippine dipterocarp forest, the finest on earth and rich in biodiversity, will supply the timber needs of the world for centuries to come.” And so we did as our country had indeed supplied the timber needs not only of the Americans but of the whole world. But our ecological wealth does not stop at the shorelines as the Philippine Archipelago has been called by Dr. Kent Carpenter, the President of the United Nations-Food Agricultural Organization as the “Center of the center of marine life on earth.”

But through “muro-ami,” Japanese trawlers had raked our seas of marine life during

the years of Martial Law. Presently, powerful China is raking our West Philippine Sea, in gross violation of our sovereignty, based on the United Nation’s Arbitral Ruling. This time, another Imperial Power – China – is wrecking havoc in our country not to mention the gargantuan profiting done through alleged massive corr uption of s ome 63 billion pesos in the choice of a Chinese Corporation Pharmally at the time when the country is in so much disarray brought about by the Pandemic Indeed, poverty, gross inequities and social injustices have remained as formidable as ever especially in resource-rich Mindanao aptly described as “food basket” where many are paradoxically hungry and malnourished and where hundreds of thousands of families where rendered homeless due to Typhoon “Odette.” Our “blessed land” is oozing with ecological wealth – be on above and below the ground and in our vast archipelago, but the question is WHO CONTROLS? WHO DECIDES? WHO PROFITS? Not the Filipinos but the imperial powers, the global c or p or at i ons and t he oligarchs? Our candidates have b e en brandishing that they are for the poor CAMPAIGNS/PAGE 7

What a year it has been for BPI Bank of the Philippine Islands (BPI), headed by Jose Teodoro “TG” Limcaoco, had a very remarkable 2021 despite pandemic conditions. Ma. Theresa Marcial, BPI’s CFO and CSO, explained that BPI’s success can be gauged by the numerous awards garnered by the bank from the regulators and various awards-giving bodies.

The Securities and Exchange Commission and the Institute of Corporate Directors grouped BPI (along with Ayala Corporation and Globe Telecom) among the “ASEAN Asset Class PLC at the 2019 ASEAN Corporate G ov e r n a n c e S c o re c a rd Awards”. In addition, the Ins t itute of C or p or ate Directors conferred on BPI the Golden Arrow Award.

The Glob a l Finance Awards cited BPI for “Best Cash Managemen”t and also as “Best Trade Finance Provider – Philippines”.

BPI Foundation was awarded the “Most Distinguished Corporate Partner” by the Philippine Red Cross (PRC), for its c ont r i but i on t o P R C ’s COVID-19 response operations.

An e xchange - t rad e d fund incorporated in the US cited BPI’s iShares ESG Aware MSCI EM ETF. • BPI is the only security in the Philippines to be included in the iShares ESG Aware MSCI EM ETF, an exchange-

traded fund incorporated in the US. The fund seeks to track the investment results of an index composed of large and mid-capitalization emerging market equities that have positive environmental, s o c i a l and gove r n anc e characteristics as identified by the index provider while exhibiting risk and return characteristics similar to those of the parent index.

BPI was rated “A” by the MSCI (Morgan Stanley Capital International) ESG Fund Ratings as of December 2020 report date. An MSCI ESG Rating is designed to measure a company’s resilience to long-term, industry material environmental, social and governance (ESG) risks.

Alpha Southeast Asia Best FI Awards 2021 rated BPI – “Best Trade Finance Bank in the Philippines” for the 7th consecutive year; BPI Family Savings Bank, headed up to effectivity of its merger last January 1

by Ma. Cristina “Ginbee” Go – “Best SME Bank in the Philippines”, it’s 8th win in 15 years; and BPI Capital headed by Rhoda “Chiqui” Huang - “Best Investment Bank in the Philippines” for the 3rd consecutive year.

Global B anking and Finance cited BPI for “Best Fintech Partnership”.

Institutional Investor ranked BPI 5th in All-Asia and 3rd in Small and Midcap Only category for Best IR

Program.

Global Finance AsiaPacif ic cited BPI for “Outstanding Leadership in Resource Management Recognition.”

Vige o-Eir is, p ar t of Moody’s ESG Solutions, grouped BPI among the Best Emerging Market Performers in the Philippines.

Asiamoney cited BPI as “Best Bank for Corporate Social Responsibility in the Philippines”.

Business Media International (BMI) included BPI among “2021 B est Companies to Work for in Asia”.

BPI and BPI Foundation bagged the “Conservation L e a d e r s h i p Aw a rd” i n recognition of their forwardthinking initiatives and their active presence in four cities - Cabanatuan, Tagum, Tarlac and Calbayog, providing training, equipment, and support for farmers and fisherfolk, and advancing food and livelihood security in 24 communities across the country The International Finance Awards cited BPI AMTC, headed by Sheila Marie U. Tan, as “Best Asset Manager – Philippines “for path-breaking initiatives in corporate social responsibility or charitable activities, corporate governance and activities that benefit the global finance community, in addition to their outstanding

SPEAKING OUT

IGNACIO BUNYE performance in their respective fields.

T h e Ass e t Tr ipl e A Sustainable Investing Awards 2021 for Institutional Investor, ETF and Asset Servicing Providers named BPI AMTC a s “Ass e t Man age m e nt Company of the Year – Highly Commended (Philippines)”.

Alpha Southeast Asia’s Fund Management Awards 2021recognized BPI AMTC in 3 categories: 1. Best Overall Asset & Fund Manager in the Philippines (5th win in 6 years) 2. Best Asset Manager (Fixed Income Funds and Equity Funds) 3. Best Fund Manager for Pension Mandates & Private Retirement Schemes The aim of these awards is to recognize leading multiasset fund management companies that provide s o l i d a n d t r a n s p a r e nt investment process, secured risk management, proper i nve st me nt a c c ou nt i ng BPI/PAGE 7

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Banking&Finance

DBP forges ties with Filipino inventors

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TATE-owned Development Bank of the Philippines (DBP) has forged a partnership with the Filipino Inventors Society, Inc. (FIS) to provide more focused support for the development of viable local projects and indigenous technologies, a top official said.

DBP president and chief executive officer Emmanuel Herbosa said the bank would provide capacity-building programs in financial and operational management to Filipino inventors and scientists to improve their access to financing opportunities needed for commercial production.

“Since market potential and commercial viability are very important

considerations, we hope to consequently provide the necessary funding support to shepherd the projects of Filipino inventors from the drawing board to actual implementation and even production,’’ Herbosa said.

DBP is the fifth-largest bank in the country in terms of assets and provides credit support to four strategic sectors of the economy –infrastructure and logistics; micro, small and medium enterprises; environment; social services and community development.

FIS is a nongovernment organization of Filipino inventors who hold patents for their works and innovations in the Philippines and overseas. Its members include professionals

and entrepreneurs who espouse the development of indigenous technology.

Herbosa said DBP is presently crafting a bridging program to assist the most outstanding Filipino inventors through

THE OUTLOOK for the country’s banking sector this year is “improving,” supported by the trend of economic recovery and loan growth which is seen in Asia-Pacific emerging markets, according to Fitch Ratings.

In its Global Financial Institution Sector Trends sent to reporters on

ANN N. MADERAL Teacher III Misamis Occidental National High School

proportion of learners who are unprepared for the next schooling level. If this becomes the case, an entire school year will end up being a waste of time and resources.

This is where assessment plays a crucial role which must also identify areas where learners struggle so they can be targeted in remedial programs. Already, there is a rollout of assessment tests covering Filipino, English and Mathematics which can be administered to learners in Grades 2 to 6. The tests aim to help educators and local school boards determine weaknesses and competencies that learners develop.

We need assessment tools to determine in which aspect we must help the students.

“Sooner than Later: When Will the Anticipated Face-to-Face Classes Happen?”

By: STEPHANIE I. AMPER, Teacher I Bayabas National High School

The pilot run of limited faceto-face classes in the country which started on the 15th of November, of last year was done to assess the success rate regarding the school’s reopening from the ongoing pandemic. This is done in hopes of finally shifting the almost dual year-long, full-time online setup into the limited face-to-face setup which is on target to start 2022-2023. The pilot run aims to determine the best practices to be adopted in the new normal of the classroom. Now here’s the deal: As of writing this article, news regarding the onset of another potential lockdown head starter, the Omicron variant, is posing a serious threat as local transmission begins to engulf the seemingly, stabilized places mostly in Luzon. Although DepEd and CHED have already started the pilot run in classes and are now ensuring that the surge of Omicron variant cases will not happen in those schools, unfortunately, the other remaining schools that are yet to pilot run

tests have been halted due to this. Just a little two to three months ago, what seemed to be a ‘sooner’ goal, became an indefinite ‘later’.

Is it anything disappointing? Moreover and of course. Whatever’s the reason for this, it all boils down to our actions.

As educators and learners, and the whole community of DepEd vies for a near possibility of instilling faceto-face classes, because of another threat, the hopes have all been crushed. It is conspicuous in the eyes of everyone, how they long to reinstate the opening of classes, but because, and only because of our carelessness once again, we face another bleak uncertainty.

The optimism thereof, was so eager this time, yet in another unseen circumstances towards our way, we just can’t help but lose it altogether; we deem for the new normal phase, but what if variants of variants, strains within strains of this virus threat, will be proven unstoppable, will we ever see this dream

inventors, scientists, and entrepreneurs and to help fast-track the incubation of more local ideas, concepts, and initiatives.

"We will continue to encourage the development of relevant

technologies and meaningful solutions to local problems, in support of the Philippine Development Plan and the country’s Sustainable Development Goals,” he added. (PR)

Banking sector outlook ‘improving’ on recovery prospects, loan growth

Effectiveness of online class in the new normal IN the opening of classes, the printing of modules, the distribution of modules and retrieval of modules are all done by parents or guardians. Thus, they are the facilitators of learning of their respective children.

So when you assess the performance of learners, it heavily depends on the capacity of the parents.

Thus, monitoring how their children fare must be strictly implemented by DepEd. Already, there is a massive dropout rate among learners. And even though learners have not formally dropped out of class, they rarely show up in online classes or submit their class requirements. For me, it is an alarming scenario having a high

aid or grants that will encourage innovative projects for critical sectors such as agriculture, health care, and the environment.

He said DBP is open to exploring other means of support to Filipino

into fruition? What is there to hope when there are individuals of the society that doesn’t seem to think for others?

Optimism, they say, makes everything positive.

And when positive, good things happen. On behalf of the DepEd community, I can say that the body has been enforcing the commitment of overall preparation of face-to-face classes. It is still a good thing that we have started over a month before this surge of cases has been in roll again. The least thing DepEd and CHED can do is to properly uphold and prevent any outbreaks while these limited faceto-face classes are still continuing. Nevertheless, safety is anywhere a must necessary. As long as we can’t provide a safe country, with at least responsible people around, there will never be a sight of faceto-face classes, not even limited. Unless we solve the main problem of our society which is proactivity and responsibility, success will remain at far.

Wednesday, Fitch said AsiaPacific markets including the Philippines, Hong Kong, Indonesia, Mongolia, and Thailand have an “improving” outlook in 2022.

For emerging markets in the region, Fitch said there will be improved bank financial performance this year “driven by economic and loan growth despite an uneven path to full recovery.”

Fitch in October said it expects the Philippine economy to grow by 6.8% in 2022, slightly higher than its 6.6% projection given in July but still lower than the 7-9% target by the government.

Meanwhile, bank lending has improved in the latter months of last year after recording annual declines from December 2020 to July 2021. Latest Bangko Sentral ng Pilipinas (BSP) data showed outstanding loans

of big banks increased 4% year on year in November, marking the fourth consecutive month of annual growth.

On the other hand, Fitch said impaired loans may rise as support measures are gradually removed, although the debt watcher said that most markets have adequate provisioning.

BSP officials expect the industry-wide nonperforming loan ratio will peak at 8.2% this year. Latest data showed the bad loan ratio stood at an eightmonth low of 4.35% in November.

The credit watcher also warned that financial institutions in emerging Asia-Pacific economies may face risks caused by monetary policy tightening in the United States and the uncertainties from the

ongoing pandemic.

The US Federal Reserve earlier said it will quicken the pace of its tapering of asset purchases. Officials also said they expect up to three rate hikes this year as they try to combat elevated inflation.

At home, BSP Governor Benjamin E. Diokno said they will only start raising rates “when prospects for the economy have materially improved.” He said in a Bloomberg interview on Tuesday that they do not expect a rate hike in the first half of 2022.

In July 2021, Fitch revised its rating outlook on six Philippine banks to “negative” to reflect the same outlook downgrade for the country’s “BBB” assessment.

This means a rating downgrade in the next 12 to 18 months could be possible.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 39 Cagayan de Oro City @rtc1cdo039@judiciary.gov.ph 09173218984 (incoming calls only) ADRIAN FIDEL D. HERNANDO, represented by His Attorney-in-fact, Marjorie G. Hernando Petitioner,

LRC CASE NO. R-CDO-21-03387-LR

-versusREGISTER OF DEEDS OF CAGAYAN DE ORO CITY, Respondent.

NOTICE OF INITIAL HEARING Finding the verified Application for Land Registration over a parcel of land situated at Daguiangason, Carmen, Cagayan de Oro City, containing an area of two thousand and seventeen (2,017) square meters, more or less, to be sufficient in form and substance, the same is set for hearing on 17 May 2022, at 9:00am, hereby requiring all those who may have interest over said parcel of land to appear on such time and place, and show cause why the application should not be granted.

Let copies of this Notice be published, at the expense of the applicant, in the Official Gazette, and once a week for three (3) consecutive weeks in a newspaper of general circulation in Cagayan de Oro City and the Province of Misamis Oriental. Let copies hereof with the Petition attached be posted at the bulletin boards of the following offices and buildings, to wit; City Hall of Cagayan de Oro City, Barangay Hall of Carmen, Cagayan de Oro City, where the land subject of this application is situated, and this Court, for at least thirty (30) days prior to the date of hearing.

Applicant is further ordered to furnish a copy of this Notice and the Petition to the Office of the Solicitor General, the Office of the Registrar of Deeds of the City of Cagayan de Oro, the Land Registration Authority and to the occupants and adjoining owners of the lot subject of this Petition at least thirty (30) days prior to the date of hearing.

SO ORDERED. Cagayan de Oro City, 19 October 2021.

(SGD) MARITES FILOMENA B. RANA-BERNALES Presiding Judge

BWM: January 17, 24 & 31, 2022

6

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Kakalusin ang Magnanakaw! Internal Cleansing of Government to be Priority Under Lacson Presidency A stern internal cleansing of the bureaucracy will be a priority of Senator and Partido Reporma Chairman and standardbearer Panfilo "Ping" M. Lacson, should he win the presidential election this May. Lacson said it is time to purge the bureaucracy of public servants who betray their oath by failing to provide public service - or worse, by engaging in various forms of corruption

including bribery and even extortion.

"Kakalusin dapat (We should get rid of them)," he said in an interview on DZME radio Wednesday afternoon, when asked what he would do with misfits in the government, especially those who steal.

"So isang matinding internal cleansing ang dapat gawin para malinis natin ang gobyerno.

Hanggang hindi natin malinis ang gobyerno,

paano natin tutugunan ang pangangailangan ng ating kababayan (So what we need is one intense internal cleansing of the government. Unless we do that, how can we start to address our people's needs)?" he added.

He said this is in line with his campaign promise of "Aayusin ang Gobyerno, Aayusin ang Buhay ng Bawa't Pilipino (Fix the Government, Fix the Lives of Each Filipino)."

Lacson said he has

done this before - when as Chief of the Philippine National Police from 1999 to 2001, he rid the police force of "kotong" cops and pot-bellied policemen through a combination of stern discipline and leadership by example.

"Ang burukrasya natin ay napakalawak, nasa 1.2 to 1.5 milyon tayo sa gobyerno. I don’t care if I'm left with 500,000 basta't mga honest at talagang nagtatrabaho (Our

Surviving or Thriving: Modular Distance Learning Approach By: ARNIEL MORENO HALINA Teacher II – Tingalan Integrated School

The existence of the pandemic had brought extra challenges to the parents, students, and teachers in addition to the pre-existing perennial problems they already have encountered in the past years.

In response to this global crisis and to ensure the continuity of learning while assuring the health, safety, and wellbeing of all learners, teachers, and other employees., the Department of Education instituted DepEd Order No.12 series of 2020 to establish new learning delivery modalities in all levels embodied in the Learning Continuity Plan (LCP) for the school year 2020-2021 (Alon, Guiamalon & Camsa, 2021). As a result, the Department of Education have adopted the Modular Distance Learning Approach, also called as MDLA which uses self-learning modules (SLM) which is believed to be the most viable, most accessible, highly preferred and the most convenient way

of learning for most typical Filipino learners. Under this modular distance learning approach, the materials can be in print or in digitized form as it is considered to be the backbone of this remote or distant learning approach because not all Filipino students have the access to technology and internet (Department of Education, 2020).

At first, this MDLA approach was met with lots of opposition, disapproval, and skepticism from students, parents, and teachers who were unsure whether it would work or not. Teachers, students, and parents have encountered countless issues along the way. So, how are the students, teachers and parents adjusting to this new normal learning environment and set-up after two years?

Are they simply surviving, or are they patiently thriving?

These are some of the major concerns and issues

Publication Notice R.A. 10172

that teachers, parents, and students have faced. We know that parents play a more important role than ever in this distance learning because education is already taking place at home (Cariño, 2020). As a result, teachers assigned to rural areas must visit students' homes, which requires them to walk miles of rocky roads or cross rivers.

Furthermore, some students no longer have parents to guide and assist them with their modules, whereas others have parents who take full responsibility for answering the modules on behalf of their children. In addition, some parents felt hampered in their efforts to assist their children due to a lack of ability and knowledge to explain the

lessons to them.

Apart from the teacher's explanation, most students str uggle to understand their modules on their own.

Because of this, some students become unmotivated and uninterested in reading and working through the modules on their own, whereas others have quickly adjusted. Some students prefer answering the module and find doing their modules at home more beneficial rather than physically going to school because they don't have to get up early, they don't have to rush to submit their work on time, and others have honed their time-management skills as they are left on their own.

So, if you are a student, teacher, or parent in this time of new normal, I believe the answer to whether you are merely surviving or thriving in this new set-up depends on your overall personal learning experiences and how you have gained valuable lessons as you cope up in the new normal of modular distance learning.

Publication Notice R.A 10172 NOTICE TO THE PUBLIC

NOTICE TO THE PUBLIC

Date: December 29, 2021

Date : December 29, 2021

In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. I Guidelines in the Implementation of the Administrative Order No. 1 Series of 2012 (IRR on R.A. 10172, Notice is hereby served to the public that EDEN CADIRAO ALIBUCA has filed with this Office, a petition for CHANGE OF FIRST NAME of child from ___X___ to ___X_ __and Correction of SEX from MALE to FEMALE in the Certificate of Live Birth of EDEN CADIRAO ALIBUCA at Talisayan, Misamis Oriental and whose parents are GERARDO A. ALIBUCA and QUIRINA G. CADIRAO.

In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. __I Guidelines in the Implementation of the Administration Order No. 1 Series of 2012 (IRR on R.A. 10172, Notice is hereby served to the public that JERRYME SUGALA PANGAN has filed with this Office, a petition for Correction of Clerical Error SEX of child from “FEMALE” to “MALE” in the Certificate of Live Birth of JERRYME SUGALA PANGAN at Talisayan, Misamis Oriental and whose parents are SAMUEL DOLERO PANGAN and REMEDIOS MAGALLANES SUGALA.

Any person adversely affected by said petition may file his written opposition with this office not later than January 17, 2022.

Any person adversely affected by said petition may file his written opposition with this office not later than _______________________.

BWM: January 17 & 24, 2022

(SGD) ERMES A. OMONDANG SR. (Signature over printed name of the C/MCR)

BWM: January 17 & 24, 2022

(SGD) ERMES A. OMONDANG SR. (Signature over printed name of the C/MCR)

bureaucracy currently has 1.2 to 1.5 million members. I don't care if I'm left with 500,000 so long as they are honest and hardworking)," he said.

"Alam natin napakaraming tanggapan na pag pumasok ka walang inaasikaso.

Ang iba parang walang nakita. Sa halip na makatulong, nangungupit pa ng pera, naghihintay ng lagay. Saan ilalagay ang mamamayan natin kung hindi serbisyo publiko ang pinoprovide at sa halip ay perwisyo pa (We know there are many government offices where employees do not serve the public and instead engage in

thievery and corruption.

What can the people do if their supposed public servants are a burden instead)?" he added.

Lacson said disciplining the bureaucracy will be the key to regaining the trust of the people, in the same way the PNP under his watch earned not just the trust but also the respect and cooperation of the people.

"Kaya ang aking panawagan, ayusin natin ang gobyerno para mapabuti ang buhay ng bawat Pilipino. There's no other way (So my call is to fix the government in order to improve the lives of each Filipino.

There's no other way)," he said.

DEED OF EXTRAJUDICIAL SETTLEMENT OF ESTATE KNOW ALL MEN BY THESE PRESENTS: I, KARELL ANN R. APOSTOL, widow, of legal age, resident of Valencia, Bukidnon, hereby freely and voluntarily declare and state that:

1.

I am the legal and sole heir of the deceased WILMER I. APOSTOL who died on September 28,2019 at J.R. Borja General Hospital, Cagayan de Oro City (the “Deceased”); 2.

The Deceased died intestate, without leaving any Last Will and Testament, and without any outstanding debts; 3. The Deceased left the following property, to wit:

a.

Bank account SA # 003220107820 maintained with Cagayan de Oro – Carmen branch of BDO Unibank Inc (Bank), in the amount of P1,097,062.24 plus interest accruing; 4. Pursuant to Section 1 of Rule 74 of the Revised Rules of Court of the Philippines, I do hereby adjudicate unto myself the above described property.

IN WITNESS WHEREOF, we have hereunto set our hands this day of JULY 15,2021 at CAGAYAN de Oro City.

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MON-TUE|JANUARY 17-18, 2022

Career...

BPI...

greatest risk is never taking one.” If you do not believe in yourself, no one else will!

Instead of saying, “I’ve never done that,” say, “I can learn how.” Always look for the opportunity to grow and learn from every situation and experience.

You were created to succeed.

Won’t you ask your Maker to help you reach your potential by changing your wrong attitudes, habits and character traits?

With Him in charge, He can daily lead you into the life of personal and professional success He created you to have and enjoy. Just think a minute.

systems, quality investment research, advanced portfolio management and diversification, above par risk-adjusted returns, and overall long-term outstanding fund performance.

The CFA Society added its own awards to BPI AMTC, as follows: 1.Best Managed Fund the Year in the Dollar Equity Fund category (BPI Invest Global Equity Fund-ofFunds) – 5th consecutive win 2. Best Managed Fund of the Year in the Dollar LongTerm Bond Fund category (Odyssey Philippine Dollar Bond Fund) T h e As s e t Tr ipl e A C o u nt r y Aw a r d s 2 0 2 1 recognized BPI CAP, headed

by Rhoda “Chiqui” Huang, as follows: “Best Green Bond” Corporate for AC Energy Corporation US Dollars 400 million fixed-for-life green notes.

BPI CAP acted as the global coordinator, bookrunner and lead manager.

“B est REIT ” for RL Commercial REIT 23.5 billion pesos IPO. BPI acted as the global coordinator, book runner, lead manager and lead local underwriter.

“Best Local Currency Green Bond” for Energy Development Corporation’s 5 billion pesos dual-tranche Asean green bond. BPI CAP acted as one of the issue managers, lead underwriters and bookrunners.

“Best IPO” for Monde Nissin’s 48.6 billion plesos IPO. BPI CAP acted as one of the domestic lead underwriters and bookrunners.

“B est Mu lt i-Pro duc t Financing” for Cebu Pacific’s US$840 million capital raising and liabilities re-profiling.

BPI CAP acted as one of the financial advisers and mandated lead arranger and book runner.

Note: You may wish to share the foregoing via FB, Twitter, or Linked-In.

from page 4

EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND KNOW ALL MEN BY THESE PRESENTS: That the late SPS. JOVITO QUIETA, who died on February 14, 2008 died at Agusan, Canyon, Phillips Bukidnon & FRANCISCA PACALDO QUIETA, who died on October 01, 1991 died at Agusan, Canyon, Phillips Bukidnon; Whereas, REMEDIOS QUIETA LAGUMBAY, who died on March 25, 2015 at Phillips Bukidnon; Whereas, NORMA QUIETA VILLANUEVA, who died on July 14, 2017 at Libona Bukidnon; Whereas, DOMINADOR PACALDO QUIETA, who died on November 05, 2013 at Saudi Arabia; that the said deceased, at the time of their death, left a parcel of land with Technical Description Original Certificate of Title No. P-16724 situated in the Barrio of Mat-I, Municipality of Claveria, Province of Misamis Oriental, Island of Mindanao, containing an area of ELEVEN THOUSAND SEVEN HUNDRED SEVENTY FIVE (11,775) SQUARE METERS, more or less, and has been the subject of an EXTRAJUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND, filed by the heirs of SPS. JOVITO QUIETA & FRANCISCA PACALDO QUIETA, REMEDIOS QUIETA LAGUMBAY, NORMA QUIETA VILLANUEVA, DOMINADOR PACALDO QUIETA, in favor of SPOUSES PRESCILLA DIANO NAVARRA & FRANCISCO ALVE NAVARRA, per DOC #488; PAGE #98; BOOK #VI; Series of 2022 under the Notarial Registry of ATTY. ALBERT WENCES C. DABA III. BWM: January 17, 24 & 31, 2022

DEED OF ABSOLUTE SALE KNOW ALL MEN BY THESE PRESENTS: This Deed of Absolute Sale made and entered into by and between:

ANDRESITA ITUM TALO, of legal age, Filipino, married, and a resident of Cagayan de Oro City, hereinafter referred to as the VENDOR; -and MA. CRISTINA A. BARANDA, of legal age, Filipino, married to JOHN EURENE I. BARANDA, and a resident of Tagoloan, Misamis Oriental, hereinafter referred to as the VENDEE; The Vendor is the absolute owner of three (3) parcels of land with 1. Transfer Certificate of Title No. 36677 situated at Poblacion, Tagoloan, Misamis Oriental containing an area of THREE HUNDRED THIRTY SIX (336) sq. meters more or less, 2. Transfer Certificate of Title No. 36666 situated at Poblacion, tagoloan, Misamis Oriental, containing an area of TWO HUNDRED EIGHTY ONE (281) sq. meters more or less, 3.

Transfer Certificate of Title No. 36676 situated at Poblacion, Tagoloan, Misamis Oriental, containing an area of THREE HUNDRED TWENTY (320) sq. meters more or less, and has been the subject of an DEED OF ABSOLUTE SALE, in favor of JOHN EURENE I. BARANDA, per DOC #424; PAGE #85; BOOK #119; Series of 2021 under the Notarial Registry of ATTY. JAMES KUINISALA JUDITH-II. BWM: January 10, 17 & 24, 2022

from page 4

Campaigns... from page 4

and the oppressed! No Sir! They are for the oligarchs as these candidates are being supported by hundreds of millions, if not billions, by the oligarchs. These candidates are claiming to be poor yet appearing now at then on TV financed by these oligarchs!

Let notice be served to one and all that our country is now in a very critical state

be it socially, economically and ecologically against the backdrop worsening climate change and violent extremism. We already have lost our ecological integrity and food security. Poverty has become “second skin” to the Filipinos and social injustice looms in so many ways in a highly stratified social structure controlled by a few elites. As always, economic power begets political power! That should not be allowed anymore. We must now exercise our right of suffrage in line with our Constitutional mandate that “Sovereignty resides with the people and all governmental powers emanate from them.”

So, wily politicians, please dwell on issues and not on body languages, rhetorical style and illusions otherwise you are just wasting our time!

Vax...

from page 1

causing a major concern among authorities here.

“This is already very alarming,” Mayor Oscar Moreno said as he directed local agencies to be strict in implementing health protocols..

In a city-wide simultaneous o p e r at i o n l a s t Fr i d ay, policemen and barangay officials removed the rings of all community basketball courts to prevent contact sports among residents.

Alert Level 3 does not allow contact sports except for bubble set-ups with approval from local government units.

Cagayan de Oro police chief Col. Aaron Mandia s a i d s e c u r it y a g e n c i e s in shopping malls and markets are instructed to implement the “No Vaccine, No Entry” policy of the local government.

Ma n d i a s a i d p o l i c e checkpoints are again set up along the streets to ensure a “70-percent passenger capacity” in jeepneys and motorelas.

The Inter-Agency Task Force on Management of Emerging Infectious Diseases (IATF) in Resolution 156-C issued on January 12 placed the city of Cagayan de Oro under Alert Level 3 from Januar y 14 to 31, along with the cities of Davao, Butuan and Cotabato and the province of Agusan del Sur IATF Resolution 157A, issued on January 13, placed Iligan City and the provinces of Bukidnon, M i s a m i s O r i e nt a l a n d Misamis Occidental under

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Alert Level 3 from January 16 until January 31 and under Alert Level 2, the provinces of Camiguin and Lanao del Norte.

D OH 1 0 D r. D av i d Mendoza, Local Health Support Division Chief , said the two-week growth rate in these places jumped to 1,500 percent making the entire region 10 “ a high risk area” for COVID-19 infection.

“This is a sudden, very steep growth rate. This is the first time we experienced this since the month of August,” Mendoza said.

Me n d o z a i d e nt i f i e d Cagayan de Oro; Ozamiz, Op ol town in Misamis Oriental; Malaybalay City and the towns of Manolo Fortich and Baungon in Bukidnon as cities and municipalities with high infections.

He said a total of 281 new confirmed cases were reported throughout the region as of January 14. (Froilan Gallardo / MindaNews)

Retains... from page 1

Emily V. Yanson were absent during the meeting.

Roy, Emily and Ricky are believed to be unable to attend the meeting because they are hiding abroad as fugitives from justice, together with their sister Ma. Lourdes Celina Y. Lopez.

As of this writing, the four siblings were facing several outstanding warrants of arrest for Carnapping and Grave Coercion issued by the courts of Bacolod City.

Warrants of arrest were also recently issued against Emily for the crimes of perjury and falsification by Bacolod and Cagayan De Oro courts.

Leo Rey V. Yanson, the re-elected chairman and president, said that despite the challenges faced in 2021, MSBTI remains strong and resilient.

“It c ont i nu e s t o b e steadfast in its goal to serve the Filipino people. MSBTI re m ai ns c om m itt e d t o providing the riding public with the most reliable means of public transportation for all,” he said.

The newly re-appointed board is also excited to see how they can continue to push boundaries to provide quality transportation to every Filipino despite the challenges of the pandemic.

Power... from page 1

stakeholders was for the last quarter of 2021 where the overall projection then pointed to sufficient power supply for the first quarter of 2022.

The sudden blitz of “yellow alert” condition in the main power grid this week prompted the energy department to study the areas where forecasting has to be re-calibrated. The meeting also seeks to explore contingency measures to be enforced especially when demand would gather pace in the summer months and the election period.

“We will meet with NGCP this week for updates,” the energy official stressed; while noting that on their initial assessment, there had been no major changes on demand so far.

Nevertheless, Delola admitted that they could not precisely factor in in the last projections the ‘forced outages’ of power plants and the de-rating of the other generating facilities, including the gas-fired power plants because of limited gas output from Malampaya.

In addition, he emphasized that the scheduling of the preventive maintenance shutdowns (PMS) of power plants shall likewise be reviewed, as the alignment may t r i g ge r ‘st re ss’ or unwarranted capacity reductions in the system especially at a time when demand would be hitting their peak.

Historically, “yellow” and “red alert” conditions

7 in the power system only happen during the peakdemand months of summer.

As such, it has been a puzzle to the power sector why such pre d i c ame nt s are happening when electricity demand is still very low – considering also that the wind and hydro plants are still at their maximum generation capacities, and demand was practically muted by ‘alert level 3’ Covid restrictions in Metro Manila and neighboring areas.

D u r i ng t h e Janu ar y 10-11 “yellow alert” or “insufficiency of reserve” conditions in the Luzon grid, the power plant called upon for dispatch was the halfa-century-year-old unit 2 Malaya thermal plant with a capacity of 350 megawatts.

A n d g ive n t h at t h e replacement capacity injected into the system is from a diesel-fired power plant, there are also nagging questions as to its implication on the carbon footprints reduction target of the energy sector as cast by the DOE. Another critical concern that the energy department will be addressing would b e the ‘gas restriction’ dilemma of the Malampaya gas field, hence, a separate meeting with operator Shell Philippines Exploration B.V. (SPEX) will also be slated.

Delola said the DOE will include its Energy Resource Development Bureau (ERDB) in that targeted discussion with the Malampaya field operator, so the government can be fully apprised on the extent of gas restriction that the offtaker-power plants will have to put up with this year.

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8

Ford General Santos Moves To New, Bigger Location Facility look and feel now globally-aligned with ‘Ford Signature’ to offer customers better dealership experience

G

ENERAL SANTOS CITY – Ford General Santos (GenSan) has moved to a new and bigger location, with the dealership facility now showcasing a more globally-aligned exterior and interior look and feel to offer customers better retail experience.

Now located at the National Highway, Barangay Makar, General Santos City, Ford GenSan is able to expand operations and serve more customers in the province and nearby areas, with a bigger floor area of 1,700 square meters that can accommodate a 6-car display and 15 service

square meters which can accommodate an additional 8 service bays with provision for service expansion.

The new Ford GenSan showroom is also bringing to life the dealership branding guidelines of Ford called Ford Signature, offering a customer-focused design, atmosphere, and interior that enhance the overall Ford dealership bays on the ground experience. floor.

“The expansion is a The body repair and paint area on the second testament to the growing floor covers 3,640 square preference towards our vehicle lineup and aftermeters of floor space sales offerings among with 30 bays. The third customers in GenSan. floor is the dealership Opening a bigger Ford facility’s new vehicle stockyard that can store dealership facility is another milestone up to 77 vehicles. Its for us as we see more service annex has a customers in GenSan total floor area of 2,000

drive their own Ford,” shared Michael Breen, managing director, Ford Philippines.

"We would like to thank our partners in Ford Philippines for their full support while we evolve from where we started to where we are today - a vision turned into a reality for all of us here in Ford GenSan. Now, we are not just situated in a bigger and better facility, but also in a more strategic location that would bring us closer to serving our clients in GenSan," Willy Q. Tee Ten, dealer principal and president, Millennium Cars Mindanao, Inc. (MCMI).

To celebrate its

opening, Ford GenSan is giving an Php 8,888 cash discount on all Ford vehicles purchased from January 17-31, 2022, on top of current sales promotions being offered by Ford Philippines. During the same period, the first eight (8) Ford customers per day who will have their vehicles serviced will get free engine detailing.

Ford GenSan is open from Monday to Saturday from 8:00am to 5:00pm for both its sales and service operations. Customers can reach Ford GenSan via telephone numbers (083) 825 1111 or (083) 552 7777 or via e-mail at fordmindanaomarketing@ autohubgroup.com.