BusinessWeek Mindanao (January 19, 2018)

BusinessWeek M I N DA N A O

YOUR Mindanao-wide BUSINESS paper

CREDIBLE

Volume VIII, No. 102

Market Indicators FOREX

PHISIX

US$1 = P50.705

8,820.74

X

21.5

-28.25

cent

points

‘Slapping’ solon THE Office of the Ombudsman has found Cagayan de Oro City Councilor Zaldy Ocon guilty of “conduct prejudicial to the best interest of the service” when he slapped a traffic enforcer in November 2016.

The Ombudsman ordered Ocon suspended for six months without pay.

Likewise, it also found probable cause against Ocon for violation of Article 359 of the Revised Penal Code for slander by deed.

On Nov. 30, 2016, a traffic violation ticket was issued against Ocon by complainant Ric Emmanuel Agustin, a traffic enforcer of the Roads and Traffic Administration (RTA) of Cagayan de Oro City.

IT workers shortfall DAVAO City -- The Information Technology (IT) sector here is anticipating 5,000 additional workers to the industry, which already has 45,000 population working in different Business Process Outsourcing (BPO) companies based in the city.

Davao ICT Council president lawyer Samuel Matunog attributed the projected increase to the growing new locators and expansion of existing BPOs operating in the city.

“The demand is there while many locators are looking at our city either for expansion or new investments,” he said.

IN-DEPTH

Lapasan Highway, Cagayan de Oro City

NGCP expects record power peak for 2018 www.businessweekmindanao.com

As of 6:00 pm January 18, 2018 (thursday)

X Briefly

RELIABLE

Cagayan de Oro

Friday | January 19, 2018

P15.00

Appeals for consumers efficient energy use

By MARK Q. FRANCISCO Staff Writer

A

S the country welcomes the new year, grid operator National Grip Corporation of the Phililppines (NGCP) reports i t s r e a d i n e s s to deliver reliable power transmission services as the peak demand for 2018 is forecast to reach 10,561 megawatts (MW ) in Luz on, 2,143 MW in Visayas, and 2,064 MW in Mindanao, according to the Department of Energy’s (DOE) Power Development Plan. ngcp/PAGE 11

MOROTARIUM. A handful of residents inspect their fish cages amidst the abandoned ones at the Lake Sebu in South Cotabato. The local Government of Lake Sebu has declared at least three years of moratorium in tilapia production after series of massive “fish kills” occurred in January and October last year. photo by jun ayensa

Women make hamburgers from Agusan Marsh’s freshwater fishes

By CHRIS V. PANGANIBAN, Contributing Editor

FISH BURGER. The women in Rosario town in Agusan del Sur carefully prepares the ingredient in making fish burgers from tilapia fish. contributed photo

SAN FRANCISCO, Agusan del Sur—After the world-class Libas jam, another group of women in neighboring Rosario town have a unique way of making hamburger patties made from different

fresh water fishes found in Agusan Marsh.

This indigenous local version of fish burger that made it different from the ground beef patties popularly used by global fast food

brands was developed by some 20 women who had undergone food processing training initiated by the Provincial Environment and Natural Resources OfficeLocal Government Unit (PENRO-LGU) of Agusan hamburgers/PAGE 11

Nene says super majority should MDN forges partnership not trample our rights to speak out with RAGCOM-NM super majority to trample on

By MARK FRANCISCO, Staff Writer

THE C agayan de Orob as e d Mind anao D ai ly News Corporation, which publishes Mindanao Daily News and two other regular news publications in Mindanao, recently forged a

communications partnership agreement with the Regional Association of Government Communicators – Northern Mindanao (RAGCOM-NM).

Under the agreement, ragcom/PAGE 11

By CAROLYN O. ARGUILLAS MindaNews

DAVAO City -- The founder of the PDP-Laban — the political party that boasts of a “super majority” in the House of Representatives — on Wednesday urged the public “never to allow any

Pimentel

our rights to speak out” as he reiterated his opposition to a no-election scenario in 2019.

“We must never allow any super majority to trample on our rights to speak out,” the 84-year old former Senate trample/PAGE 10

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776

2

Economy TRAIN to benefit 99% of taxpayers

D

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

friday|january 19, 2018

AVAO City -“The Tax Reform for Acceleration and Inclusion Act (TRAIN) will benefit 99 percent of the country’s individual taxpayers,” said Department of Finance Secretary Carlos Dominguez III. TRAIN will lower personal income tax (PIT) rates which would translate to more take-

home pay. Under the new tax law, those earning P20,000 and below a month (P250,000 annual taxable income and below) will be exempted from personal income taxes.

“TRAIN is the first step to once and for all correct our unfair, complex, and inefficient tax system” after 20 years of non-adjustment of the PIT rates, while ensuring

that more people comply with their obligation to pay taxes,” Dominguez said.

He further cited employees earning P15,000 a month, who were previously taxed P7,000; and call center agents with a monthly salary of P21,000, who were paying P22,000 annually, are already exempted from paying PIT

based on TRAIN. “It is also the first time that the main purpose of the reform is to reduce poverty and inequality, and not because of deficit or debt reduction,” he added.

To offset the losses from cuts in PIT, TRAIN expands the value-added tax (VAT) base with the repeal of 54 special laws on non-essential VAT

exemptions; adjusting excise taxes on fuel, coal, automobiles and alcohol and tobacco products; and introducing a tax on sugar-sweetened beverages (SSBs) with exemptions.

This will add P786 billion to government coffers, which would be used to fund education, health and infrastructure programs.

Also to mitigate the

impact of moderate increases in prices of commodities due to TRAIN, the government has allocated P25.7 billion for the targeted cash transfer program of the Department of Social Welfare and Development (DSWD).

This would benefit the poorest 10-million households. (PIA/RG Alama)

THE Cagayan de Oro City Council approved the ordinance providing for the Scholarship Code of 2018 in Cagayan de Oro

City.

In its regular session presided over by Vice Mayor Raineir Joaquin V. Uy, Councilor Suzette

Magtajas-Daba, chairman of the committee on education and principal author of the ordinance said that the new

scholarship code offers six types of scholarships.

It was learned that the old ordinances cover only two types of scholarships.

The councilor said that because of the expansion and the big budget allocation, there was a need to create an office for the city scholarship program. She said the

office would fall under the City Social and Welfare Development (CSWD).

She said that in the workshops she attended together with the technical working group composed of Commission on Higher Education (CHED) representative, Department of Education (DepEd), different

potential partner academic institutions, personalities from Xavier University (XU), University of Science and Technology of Southern Philippines (USTP), and Lourdes college, the passing rates or general average were differentiated – for the Performance Type, it is approves/PAGE 11

Oro council approves Scholarship Code

Building Camaraderie Among Teachers RPN Radyo Ronda Stations Nationwide

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

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

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

FELSA S. JAGONIA Secondary School Teacher III, OCNHS

One way to help improve engagement at work is to foster friendships. Research shows that workers are happier in their jobs when they have friendships with co-workers. Employees report that when they have friends at work, their job is more fun, enjoyable, worthwhile, and satisfying.

It is understood that when team members are satisfied and energized,

it can create good results and put in the extra effort to meet their goals.

The word camaraderie comes from the French word camarade which means a feeling of friendliness towards people that you work or share an experience with. Camaraderie is a spirit of good friendship and loyalty among members of a group.

Teachers who work in an

environment characterized by friendship and laughter will be more creative and less stressed - which translates to better productivity and increased innovation.

If you think you might be experiencing a lack of camaraderie and teamwork in your school, don’t despair. There are a lot of easy ways to build an atmosphere filled with teamwork and fun.

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

BusinessWeek feature

MINDANAO CREDIBLE

www.businessweekmindanao.com

RELIABLE

IN-DEPTH

Friday | January 19, 2018

5th Kuyamis Festival 2018 Photos and Text by Clement Dampal

KUYAMIS FESTIVAL is an annual occasion associated with the founding of the Province of Misamis Oriental since it became a separate and independent local

government unit on January 1, 1930 by virtue of Republic Act 3537 now celebrating its 88th Year Founding Anniversary.

Historical jottings and sources reveal that KUYAMIS is the original

name of Misamis. It is a variety of sweet coconut which was a staple food of the earliest known Negrito settlers of Misamis. The word “Kuyamis” was later corrupted to “Misamis”

when the Spaniard colonizers came.

The highlight of the “Kuyamis Festival” is the showcasing of products and by products made out of the TREE OF LIFEthe COCONUT.

3

4

Opinion

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

friday|january 19, 2018

Happy public servants

HOTLINE Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

ALLAN mario MEDIANTE

Vice President for Corporate Affairs

RUFINO T. MAGBANUA

Vice President for Business Development

Joe felicilda

Vice President for Administration

JOHN AARON M. DEL BANDO

Vice President for Events and Promotions

joe palabao

Vice President for Marketing

NELSON CONSTANTINO Editor-in-Chief

gilbert y. chao Motoring Editor

JUN AYENSA

Regional Editor - Caraga

Cris diaz ATTY. antonio s. soriano mike baños 2f, ICS Building BONG FABE Tel.No.: 881-0176 Uriel quilinguing Tiano cor. Montalvan sts.

Contributing Editors Legal Counsel CLIFFORD SANTILLAN Layout Artist

ATTY. MARIO T. JUNI

ABEGAIL BAYNOSA Sandra encoY

Juni Law Office Cruz Taal St., CDO Legal Counsel

Cell No: 09352379999

Advertising

manila office: 9th Floor, Unit 918, CityLand Herrera VA Rufino Cor. Valero St., Salcedo Village, Makati City Tel. # : 5555392,Cell No.: 0977-152-8860 lani vallido-Marketing Manager

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City.

It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463-826-272-000 – VAT. Reg., and with Business Permit No. 2017-02942. Tel. Nos.: (088)856-3344, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com

Member: Philippine Press Institute

Ruffy magbanua Public office is a public trust. Public officers and employees must, at all times, be accountable to the people, ser ve them w ith utmost responsibility, integr ity, loyalty, and efficiency; act with patriotism and justice, and lead modest lives.– The Constitution, Article XI, Section 1 IN t hes e ext raordinar y times, conversations that end with happy notes are rare to come by, and sharing contagious laughter in an i mpromptu b on d i n g i s nothing but a description of happy public servants amid the many adversities in life.

Hot topics went as far as political whispers to FB fake news, to the recent Gallup survey declaring the country as the 3rd happiest country in the world.

The recent Happiness Index Report showed that civil servants in the country

Keeping score think a minute

jhan tiafau hurst Think a minute…A married couple had a big fight one day. They both complained the other wasn’t doing their share of work. The wife felt she was doing most of the work in their family because her husband wasn’t helping or being responsible. And the husband thought his wife nagged him too much and expected more from him than was right. So they finally decided to keep score in a box. Every time the husband felt the wife wasn’t being fair or was not doing her job, he’d write it on a piece of paper and put it in the score box. And the wife would do the same when she felt her husband wasn’t doing what he was supposed to.

Someone said that if you want to be frustrated and unhappy in your marriage, then keep score of everything

you do and everything your husband or wife is not doing.

And if you want to fight, just tell your partner how they’re not doing everything you want and expect! And tell them that you work harder than they do; you’ll get a fight every time!

But you know that keeping score like this in marriage, either silently or out loud, is a common problem! Maybe it’s because we’re afraid we’re not being appreciated, or because we don’t like our job or role as wife or husband.

But friend, whatever our reason is for keeping score, it only backfires and hurts us, because we’ll always be frustrated and unhappy.

When our wife or husband feels these frustrations from us, then they just become defensive. So the result of keeping score in marriage is that both the husband and wife just keep blaming each other, and no one’s happy!

So the next time you’re tempted to keep score, try to think about what your husband or wife is doing well doing instead of what they’re not. You know, maybe you’re not being understanding and grateful enough for all they ARE doing! And even if you’re doing more than score/PAGE 11

favor ite water ing holes where we had the best of times – as one small band of brothers in public service sharing quality time together.

We s u r v i v e d , l i v e d c om f or t a b l y an d l at e r, retired (some had already expire d, s obs!) happi ly ever after. Well, some good things would never last inde e d. I hate to show up my skirts, but to turn nost a lg i c is s ome t i me s good for the heart!

Those were the days too when people in government were not as cor r upt as now, w he n people in Congress deserve to be called “honorables”, when there were less politicians, military and police authorities addicted with drugs, and openly absurd about influence, power and money.

That was when terrorism a n d k i d n ap p i n g s w e r e not so disturbing, and as widespread and as deadly as we see these days.

But life must go on, they always say. And amid the efforts of the Duterte administration to rid the bureaucracy with graft and corruption, Filipino public servants had garnered the highest average satisfaction rating of 6.25 in terms of job happiness rating followed by Indonesians (6.16) and Thais (5.74).

Singaporeans were found to have the lowest satisfaction (9).

Given the optimism in the new dispensation, the s at isfac t ion rat ing may because of sec u r i t y o f tenure, and due to the fact that public servants under the Duterte administration are given due recognition – higher pay like never before!

Statistics show that there are at least 1.53 million gover nment workers in the country today, or 3.4 percent of the total labor force. About half of the g ov e r n m e nt p e r s o n n e l or arou n d 7 0 0 , 0 0 0 are teachers.

As the biggest employer, t he gover nment has no reason to fail this time.

Gone are the days when people in government don the highest order of arrogance and corruption.

Now crowned with the “happiest” work title, public ser vants have no reason not to be happy this time. The impending salary increases of teachers, the newly approved salary scale for military and the police, among others loom in the heart of President Duterte.

C ar r y on , p ar t n e r s for change. Hearty dispositions deserve happy conversations. (ruffy44_ ph2000@yahoo.com)

s i l e nt o r e v e n g l o at e d f i e rc e ly w h e n C or a z on Cojuangco Aquino closed down the Daily Express without any basis, legal or otherwise, except the fact that they suspected it to be owned by then President Marcos.

I personally know this repression of media and of the freedom of the press and free expression made

by Aquino in 1987, through her order shutting down the Daily Express because, at t hat t i me, I w as t he president of the paper’s union of employees who, unfortunately, was one of the 300 or so who were deprived of our jobs.

-ooo DIFFERENCES IN MEDIA CLOSURES THEN AND NOW: The case of the Daily Express i s c ompl e tely d i f fe re nt from the present case of Rappler, so that there is no basis at all in comparing the two situations. In the case of the Daily Express, the government of Corazon Aquino ordered the closure of the newspaper without any prior proceeding before such closure was effected.

The closure was resorted t o b y h e r g o v e r n m e nt alone, acting through the Presidential Commission on Good Government which was then headed by its Chairman, former Sen. Jovito Salonga, on account of their collective desire to prevent the newspaper

f rom c ont i nu i n g t o b e published. They were of the perception then that, because it was owned by Marcos or by his allies, it would become a thorn in their side, as it could lead in exposing their own mischief.

In the case of Rappler to d ay, an i nve st i g at i on was conducted beforehand by the Securities and E x c h a n g e C om m i s s i on (SEC), in w hich it was established quite firmly that it violated the Constitutional prohibition against foreigners owning or investing at the least in any news entity in the country. What this clearly portrays is that there was a legal basis behind the closure of Rappler by the Duterte government.

-ooo DA I LY E X P R E S S CLOSURE, A CURSE IN THE PRESIDENCY OF CORAZON AQUINO: If the truth be told, I’d say that Rappler is certainly in a far better situation at this point because it can avail of legal remedies to question the SEC’s closure order against it. In the case of the Daily Express then, we found ourselves without any feasible legal recourse at all to question the killing of the newspaper, which was t he on ly s ource of ever yone’s livelihood in the company.

When my fellow union officers and I exerted efforts to touch base and

i mp l ore t h e a s s i s t a n c e of the different officials of the C orazon Aquino gove r n m e nt to h e lp u s find the appropriate steps t o prot e c t , at t h e ve r y least, the interest of the paper’s 300 or so workers, all of them, without any exception, refused to lend any help because, they told us then, Corazon Aquino already decided firmly to close it down.

This meant that, because that was what she wanted to happen during those chaotic times, there was nothing else we could do about it, never mind if the newspaper’s closure clearly c o n s t i t u t e d a n a s s au l t against the newspaper’s f reedom of the press. I thought then that because Corazon Aquino violated this particular freedom, this would haunt her as a curse during her entire presidency!

-ooo FOR QUESTIONS, REACTIONS: If anyone would like to ask me any question about what the burning issues of the day mean, or what we have discussed here, or to consult on any problem, whatever it maybe, please call 0917 984 24 68, or email me at batasmauricio@yahoo. com, or post your concerns at w w w. f a c e b o o k . c o m / attybatas or www.facebook. com/angtangingdaan.

Prom i s e, I w i l l ans we r right away. Thank God in the Name of Jesus, Amen!

Cory Aquino also closed a media entity in 1987

Kakampi mo ang batas

Oro Chamber

gave their jobs the highest rating of 6.6, using a scale of 0 to 10 in w hich 10 meant extremely happy; 5, neutral; and 0, extremely unhappy.

The report was aimed at determining the satisfaction level among government employees in their respective jobs and the factors that influence their happiness.

They have that secured feeling, something to hold on to, and to b e happy about sans the perks with which the workers in the private sector enjoy.

Having been employed with the government for at least 10 years, I share the same indelible feeling.

We received less, but we worked more. We were a picture of upbeat people in gover nment b e caus e we served without much financial tantrums.

Ditto as well with some eight productive years in the power industr y visà-vis Napocor where real people thrive and work without much fanfare.

We l i v e d a s i m p l e normal life heartily contend with we have -- no malls, mobile phones, no PCs, and no Facebook to be hooked with. Conversations were much alive at that time.

Our day would usually end up at either in iconic Divisoria, or at one of our

Batas Mauricio LIFE’S INSPIRATIONS: “… Do not be deceived: God cannot be mocked. A man reaps what he sows…”

(Galatians 6:7, the Holy Bible).

-ooo CORY AQUINO ALSO CLOSED A MEDIA ENTIT Y IN 1987: And s o e ver yone may know, this is not the first time that the government closed a newspaper or a media entity in the Philippines.

Closing a media entity or a newspaper also happened in 1987, during the time of Corazon Cojuangco Aq u i n o, t h e p r e s i d e n t inst a l le d by t he Unite d States acting in conspiracy with Filipino leaders, in a power-grab euphemistically called by them as a “people power revolution”.

I am amused and tickled no end to think that those who have been expressing their vile opposition to d ay to t he closure of a newspaper, or a media entity which, by the way, is not selling newspapers to the public, were completely

5

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

Banking&Finance Package 4 of tax reform to simplify tax rates on investment products friday|january 19, 2018

F

INANCE officials aim to simplify tax rates on investment products in the Philippines partly to help improve services being offered to the public and address the complex tax rates of financial products.

“We just want to clear the underbrush,” Finance Secretary Carlos Dominguez III said.

The Finance chief said package four of the tax reform program, which

Department of Finance (DOF) officials target to submit to Congress by the middle of this year, will correct years of attrition and simplify the rates.

He said a pesodenominated investment product that has a tenor of less than five years is being slapped a 20 percent withholding tax for interest it earned but the rate is zero for those that have tenors of more than five years.

He said a dollar-

denominated investment product has a 7.5 percent withholding tax regardless of tenor.

‘We want to simplify it so that it becomes easier to file, administer,” he said.

Dominguez said package four of the tax reform will be revenue neutral.

He is optimistic that the financial industry will welcome the proposed reform in the tax rates of the products they offer.

Finance Undersecretary Antonette Tionko said the proposed reform on financial products’ tax rates will help the public determine which products are best for them.

“What we want is for the rates to be similarly close to each other so that the providers will improve their service. So you know it’s not one against the other because of tax but because the services are better,” she added. (PNA)

Metrobank plans to raise fresh capital thru SRO BANKING giant Metropolitan Bank & Trust Company plans to raise fresh capital to finance the expansion of its loan portfolio and acquisition of a stake in a credit card provider.

Metrobank told the local bourse that its board of directors approved on Wednesday a Stock Rights Offering (SRO) of up to 819,827,214 common shares equivalent to the remaining unissued shares from its authorized capital stock.

The timing and size of the transaction are

still subject to offer price and receipt of regulatory approvals, as well as market and other conditions.

Metrobank is optimistic that the robust growth of the Philippines will continue to support the prospects for accelerated loan expansion across the various segments of the economy.

It seeks to capitalize on the growth opportunities of large cap corporates and the middle market and small to medium enterprises (SME) segments, its core

franchise.

“The capital raising exercise is expected to enable the Bank to pursue these business prospects to sustain the loan growth momentum,” said the bank.

As it focuses on higher-return segments, Metrobank said a portion of the SRO proceeds would be used for the acquisition of the remaining 20-percent equity stake in Metrobank Card Corp.

(MCC).

Metrobank has purchased a 20-percent stake from its joint venture

partner ANZ Funds Pty. Ltd. (ANZ) for PHP7.4 billion following receipt of Bangko Sentral ng Pilipinas (BSP) approval last December 29.

“The remaining 20 percent is set to be completed by third quarter (of ) 2018 under the same terms,” it said.

The Bank has mandated UBS as joint global coordinator and joint book runner and First Metro Investment Corp. (FMIC) as joint global coordinator, joint book runner and issue manager. (PNA)

Gov’t to launch promised Overseas Filipino Bank THE Overseas Filipino Bank will be launched this afternoon in Manila — fulfilling President Rodrigo R. Duterte’s campaign promise.

The Department of Finance (DoF) said in a statement that the bank will be launched at the PostBank Center, Liwasang Bonifacio, Manila.

This comes about four months since Mr. Duterte directed through Executive Order No. 44 the transfer of Philippine Postal Bank (PostBank) shares from the Philippine Postal Corporation and the Bureau of the Treasury (BTr) to Land Bank of the Philippines (Landbank).

PostBank will perform functions of the Overseas Filipino bank, now a Landbank subsidiary — an acquisition approved

by the Philippine Competition Commission last week and the central bank’s Monetary Board in December.

The lender is “dedicated to provide financial products and services tailored to the requirement of overseas Filipinos,” and will focus on delivering “quality and efficient foreign remittance services.”

“All obstacles to the opening of the bank that will cater to the needs of all overseas-based Filipinos have now been removed following last week’s approval by the Philippine Competition Commission (PCC) of the acquisition by the Landbank of Postal Savings Bank (Postbank), which will be converted into this financial

institution for overseas Filipinos,” Finance Secretary Carlos G. Dominguez III was quoted in the statement as saying.

“It’s just a matter of the administrative integration of the bank.

It’s an administrative thing and all the approvals have been cleared away for the acquisition,” he added.

The Finance chief said the move to acquire PostBank also saved it from bankruptcy.

Landbank President Alex V. Buenaventura said earlier that the lender’s first representative office would be located in Dubai, and the second one in Bahrain.

Moreover, Mr. Dominguez said the Department of Finance and Landbank, which he also chairs, are planning

to secure licenses in other countries with large concentrations of overseas Filipinos so the lender can provide wider financial advisory services to the beneficiaries.

He said a loan package would also be made available for Filipinos planning to return to the Philippines to start their own businesses or build their homes.

Initially, the bank was planned to only cater overseas Filipino workers, but the DoF proposed to provide services to all foreign-based Filipinos to make it more inclusive, in keeping with the government’s financial inclusion agenda.

“You know, we are just fulfilling his (Mr. Duterte’s) campaign bank/PAGE 10

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

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558 PLANTERS DEVELOPMENT BANK

Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774 SECURITY BANK- LKK Limketkai | 8801258/8801625

EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081

SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632

EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331

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

UCPB BANK- LAPASAN Osmeña Corner Lkk Drive, Cdoc 85771842/ 725135 UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527 UCPB BANK SAVINGS-CAPISTRANO

Capistrano Corner CruzTaal St. CDO 8524099/722695

UCPB BANK SAVINGS- OPOL Gf forever Books Bldg.Bulua National CDO 754519/8588063 UNION BANK Lapasan Cm.Recto Cdoc | 8566847/8563805 WEALTHBANK Velez Gomez St. Cdoc | 8568942/722174 1ST VALLEY BANK Vamenta Blvd. CornerLirio St. Carmen, Cdoc 8501871/ 8584146 OROBANKERS CLUB Inc. Pnb Carmen | 09151850242

6

Billboard

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

friday|january 19, 2018

Vivo Showcases World’s First Ready-to-Produce In-Display Fingerprint Scanning Smartphone at CES 2018 Delivering a Next-Generation Mobile Experience for Consumers with Industry-Leading Optical Fingerprint Sensor from Synaptics

A

t CES 2018, Vivo, a young global smartphone brand, showcases the world’s first ready-to-produce in-display fingerprint scanning smartphone.

Leading with distinct innovative breakthroughs, the futuristic Vivo indisplay fingerprint scanning smartphone offers consumers an unprecedented mobile experience, defining a new era of mobile interaction.

World’s First In-Display Fingerprint Smartphone Ready for Mass Production At CES 2018, Vivo shows the world the first ready-to-produce smartphone featuring in-display fingerprint scanning technology, demonstrating its continued commitment to bringing an extraordinary user experience to consumers.

This latest fingerprint scanning technology delivers a whole new mobile experience by enabling users to unlock their smartphone through one-touch fingerprint scanning directly on the smartphone display, while meeting the industry’s challenge of providing a better and more convenient fingerprint authentication experience in future smartphones.

According to statistics from global consultancy Canalys, smartphone vendors shipped 22 million full-screen smartphones worldwide in the second quarter in 2017, up from 700,000 in the first quarter of this year.

UBI Research predicted that bezel-less displays will grow in market share from 20% in 2017 to over 50% by 2020.

Fingerprint recognition has long been one of the most common and well-known biometrics used to secure smartphones. As the industry moves into a new era of full-screen displays, it is natural that the fingerprint scanning technology needs to evolve to accommodate new user habits and demands for bigger screens without sacrificing user experience.

“With our efforts in extensive consumer research and longterm R&D investment, Vivo is well positioned to pioneer the development of fingerprint scanning technology. We first presented a prototype of our fingerprint scanning solution

at MWC Shanghai 2017 based on an ultrasonic sensor, and have remained committed to realizing our vision for future smartphones,” said Alex Feng, Senior Vice President of Vivo.

“Today’s showcase of a readyto-produce in-display fingerprint scanning smartphone featuring an optical fingerprint sensor is a big leap forward in bringing consumers this long-awaited, futuristic mobile experience.

We are very excited to make it available to consumers soon.”

Innovation that Delivers a New Level of User Experience Vivo’s full-production smartphone is equipped with the industry-leading, world’s first in-display fingerprint scanning technology supported by global partner Synaptics.

Vivo In-Display Fingerprint Scanning Technology supports various usage scenarios beyond unlocking the smartphone, and is only activated when needed.

A graphical UI will show up on Vivo’s smartphone screen in any scenario that fingerprint recognition is required, such as when the screen is off, during software unlocking, or even mobile payment authentication.

Users can press the fingerprint graphic on the screen to perform unlocking, payment and other operations. When fingerprint recognition is not required, the UI will be invisible and will not disrupt the overall visual experience.

Vivo In-Display Fingerprint Scanning Technology outperforms other authentication solutions available for full-screen smartphones in many aspects.

Compared to fingerprint sensors on the back of smartphones, Vivo In-Display Fingerprint Scanning Technology offers a more convenient operation without sacrificing the sleek and unified design of the smartphone.

It also enables quick and secured authentication.

Full-screen displays are set to deliver a more immersive user experience for consumers as various interactions will be integrated and consolidated on the display. Vivo In-Display Fingerprint Scanning Technology replaces the physical fingerprint button on the screen, laying the foundation for a truly immersive experience.

Vivo In-Display Fingerprint Scanning Technology in Detail

The showcasing of the world’s first in-display fingerprint scanning smartphone ready for mass-production marks a significant leap forward in the industry’s development, taking users’ smartphone experience to a new level. The availability of Vivo’s first in-display fingerprint scanning smartphone will be announced in early 2018. ### About Vivo A young global smartphone brand focused on introducing perfect sound quality and ultimate photography with cutting-edge technology, Vivo develops dynamic and stylish products for passionate young people. Vivo makes stylish smartphones with cutting-edge technology accessible to young people and professionals around the world. We now have close to two hundred million users and are one of the preferred brands of young people around the world.

As an Official Sponsor of the FIFA World Cup™, Vivo believes in the importance of encouraging young people to embrace self-expression and an energetic lifestyle.

According to Counterpoint’s latest research, Vivo was the fifth largest smartphone brand globally in 3Q 2017, capturing a market share of 7.1%. Out of the top 5, Vivo observed the highest year-overyear growth of 32% in global shipments.

In the Philippines, Vivo settles itself strong and steady on the third spot in the local market, overtaking strong brands such as Apple, Huawei, LG, and Asus. Vivo continues to grow in the country with at least 1.1 million users and 5,200 stores and counting. The brand’s unprecedented success can be attributed to its smartphones’ sleek and hip design, all-screen display and the revolutionary 24MP camera—one of the world’s first.

The brand also owes it success to its accurate consumer insight, innovative solutions and offerings, and creative marketing strategy.

Vivo has seven dedicated research and development centers which work their hardest to continuously improve the brand’s products and come up with creative, cuttingedge, and ingenious solutions to improve user experience.

More information about our innovative smartphones can be found at www.vivo.com/en.

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

friday|january 19, 2018

7

8

CorporateWorld Car sales up 18% in 2017 to over 425K units Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

friday|january 19, 2018

RESORTS, HOTEL & RESTAURANTS DIRECTORIES

A PUBLIC SERVICE BY:

S

Algen’s Dive Resort (088) 3872015

Pryce Plaza Hotel 8583131 Fax: 726687

Apple Tree Resort & Hotel 735411 / 754525 Fax: 754497 0917-7144040 / 0923-3269366 / 0939-9076948

Prawn House (088) 3095992 Fax: 8519219 Ridge View Chalet 8588946 / 8587946 Fax: 8588946

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

Casa Azucena 8563402 / 09236593973

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

De Luxe Hotel 8572144 / 724548 Fax: 724563 Discovery Hotel 727814 / 8563896 Fax: 8563897 Duka Bay Resort (088) 3312290 Fax: 725265 Dynasty Court Hotel 8574802 Fax: 857900 Grand City Hotel 8571900 / 728469 Fax: 723718 Hotel Conchita 8563856 / 727355 Fax: 8563857 Hotel Koresco 8589749-50 Fax: 8589748 Hotel Sogo 8520383

Kingston Lodge 8585696 Fax: 8585696

Seda Centrio Hotel 3238888 / 0917-577-5910 Southwinds Hotel 724803 / 8562036 Fax: 8562036 Stargate Dream Vacation Resort 8515003 / 8509999 The VIP Hotel 726080 / 8562505 Fax: 726441 RED PLANET 8800888/8801306 Travelers Pod 8518988 Uptown Condotel 8511800 Villa Paraiso Apartelle 3870419 Fax: 3870429 HONORARY MEMBERS:

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

RESTAURANTS:

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

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

STATE pension fund Government Service Insurance System (GSIS) will invest some $800 million overseas this year as it vies to be more aggressive in sustaining its actuarial life strong, among others.

In a briefing Tuesday, GSIS President and General Manager Jesus Clint Aranas said they wanted to take advantage of the good performance of global markets to date.

He said average return on investment for global market assets to date was around 5.5 percent, which, however, was below the 9 percent per annum ideal rate being eyed by the pension fund’s officials.

He declined to say a definite time when they plan to execute the investment this year, saying it “depends on the behavior of global market.”

“It is really a testing ground, testing the waters in investments. It’s not so big,” he said.

To date, GSIS’ investments overseas is about 10 percent of its total assets.

GSIS Senior Vice President Garcita Gilda Bocanegra said the mandate was for the funds to be placed in several assets such as equities, fixed income and other investible assets, to be managed initially by two fund managers.

She said the earlier the funds would be deployed, the better “so we can increase the return of our assets.”

She also reported that as of November 2017 GSIS’ total assets grew by 8 percent to P1.09 trillion, boosted by the doubling of its financial assets to P52.12 billion.

Bulk of the agency’s assets, accounting for 62 percent, are placed in financial investments followed by the 24 percent allocated for loans to its members, 6 percent in investment properties, and 4 percent each are in cash as well as in property, equipment and other gsis/PAGE 10

SM Store goes cashless with PayMaya PLDT, Inc.’s digital financial unit PayMaya Philippines is ramping up its presence in brick-and-mortar retail establishments, unveiling on Wednesday its partnership with The SM Store for cashless payments.

Under its partnership with the retail unit of the country’s largest shopping mall operator, PayMaya users can pay for their transactions just by opening the app and scanning Quick Response (QR) codes displayed at mobile pay lanes at The SM Store.

“SM has been an early cashless/PAGE 10

SLERS Ham & Café 8551438

Barkadahan Grill 8551234

Maxandrea Hotel 8572244/729943 Fax: 724090

La Tegola Cucina Italiana 8585959

Philtown Hotel 726295 / 8564402 Fax: 723104

GSIS eyes $800-M overseas investment in 2018

AVID sales reached 75,947 units.

The country’s automotive industry is seen to breach the 500,000-mark in sales in the previous year.

“While exceeding our sales target for the year, we remain cautious in our projection for 2018.

CAMPI remains confident that the market will be able to adjust to the new auto excise tax in 2018,” the CAMPI chief noted.

Meanwhile, fueling the growth last year was the industry’s sales for December, which jumped by 33.4 percent to 45,494 units from 34,104 units in the same period in 2016.

Top brands in 2017 were Toyota, Mitsubishi, Ford, Honda, and Isuzu.

(PNA)

Missy Bon Bon 8566852 / 09228606442 Fax: 8566852

Mallberry Suites 8541999 / 7249999 Fax: 8544999

Paras Beach Resort 8568563 Fax: 8568563

Passenger cars’ sales reached 139,424 units in 2017, improving from 133,188 unit sales in 2016.

“We ended 2017 with a positive note. Aggressive promos, new model updates and the hard work of members helped contribute to expanding the Philippine market,” CAMPI President Rommel Gutierrez said.

Gutierrez said that CAMPI and TMA surpassed its target sales of 400,500 units in 2017, and nearly hit the entire industry’s target of 450,000.

The other industry group, Association of Vehicle Importers and Distributors (AVID), has yet to report its sales for 2017. But for January to September 2017 period,

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

Thai Me Up 738424/3108424 Fax: 738424

N Hotel (088) 8801924

units in 2017 from 145,863 units in its previous year.

Asian utility vehicles grew sales by 20.3 percent 79,886 units in 2017 compared to the 66,380 unit sales in 2016.

Sales of light trucks as well as trucks and buses categories four and five had increments ranging from 15 to 39 percent.

Light trucks sold a total of 9,888 units last year while trucks and buses category four had 4,845 unit sales and category five with 2,382 units.

On the other hand, sales of passenger cars grew single-digit in 2017 from a double-digit growth in its previous year.

Sales of passenger cars went up by 4.7 percent last year from a 14.4-percent growth in 2016.

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

Mapawa Natures Park 8584402 Fax: 725265

Miami Inn 8581901 to 02 Fax: 725279/728486

ALES of automotive vehicle manufacturers in the country rose to 425,673 units in 2017, up 18.4 percent from 359,572 units in 2016, joint report of Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) showed Wednesday.

Commercial vehicle buoyed the industry sales last year as it rose 26.4 percent to 286,249 units from 226,384 unit sales in 2016.

All sub-segment of commercial vehicle likewise grew double digit.

Light commercial vehicle sales increased by 29.7 percent to 189,248

limketkai luxe hotel 8800000 Dear manok 8564914 / 8573413 LIMKETKAI LUXE HOTEL Landline: (088) 880-0000, Mobile: 0917-312-4563 Email: info@limketkailuxe.com

Bayabas, Cagayan de Oro City barangay chair Eddie Abrogar is flanked by the candidates of Miss Bayabas 2018 during their swimsuit competition held at the barangay's fishport. photo by mark francisco

BusinessWeek feature

MINDANAO CREDIBLE

www.businessweekmindanao.com

RELIABLE

IN-DEPTH

Friday | January 19, 2018

CONGRATULATIONS! to newly installed president of CARMEN EAGLES CLUB kuya Jojo Lucero & newly inducted set of officers eagle year 2018 and we would like to acknowledge the full support & dedication of kuya Jay Cruz, immediate past president Greetings from: * kuya Anjun Gomez (GOVERNOR NMR1) * kuya Dr. Ferdie Miranda (VICE GOVERNOR NMR1) * kuya Gualberto Cortez (NATIONAL ASSEMBLYMAN NMR1) * kuya Dexter Agustin (NATIONAL ASSEMBLYMAN NMR1) * kuya John Stewart Adlaon (NATIONAL ASSEMBLYMAN NMR1) * kuya Dante Sudaria (REGIONAL PRESS NMR1 & NATIONAL ASSISTANT INFORMATION OFFICER) * kuya Erlquin Lim (NATIONAL PRESIDENT) * kuya Dr. Gilbert Gille (PENAPLE CHAIRMAN) “PENAPLE CHAIRMAN EXECUTIVE STAFF” 1) kuya Angelito Cadiz 2) kuya Raymond Dizon 3) kuya Karl Ugsod * ROYAL VECTORS EAGLES CLUB Mabuhay ang CARMEN EAGLES CLUB!

Mabuhay ang agila!

MEDIA SPONSORS:

9

10

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

friday|january 19, 2018

Trample... from page 1

President Aquilino Pimentel, founder of the Partido ng Demokratiko Pilipino – Lakas ng Bayan (PDP-Laban), said at the hearing of the Senate Committee on Constitutional Amendments.

He also urged members of the minority not to be silenced and to stand up to the majority. Pimentel’s son, Aqulino III, is the Senate President and concurrent President of the PDP-Laban.

Last week, the elder Pimentel told MindaNews that suggestions that the adoption of the federal system would preclude elections and extend terms of government officials is, “to be kind, utter nonsense.”

The House Committee on Constitutional Amendments on Tuesday presented its proposal to set up a Federal Republic of the Philippines that in effect would call of the 2019 elections as Congress will be dissolved in favor of an Interim Parliament whose members will be the incumbent Representatives and Senators, effectively extending their terms to 2022. The term extension will also apply to all incumbent elective officials.

Also on Tuesday, the House plenar y passed a resolution to convene as a constituent assembly to amend the 1987 Constitution.

“How can it (House) set aside something guaranteed by t h e C o n s t i t u t i o n ? ” Pimentel asked at the Senate,

as he criticized the lower house’s plan to “adopt federal system pero no election muna?”

“The end does not justify the means. Hindi pupuwede na sabihin mo yun just to achieve a supposedly good purpose. Good intention will be submerged into a mesh of nonsense being advocated today,” Pimentel said, drawing cheers and applause as he added, “while we are still free, speak out! Kelan ka magsalita? Kung hindi na pwede?” (When will you speak out? If it’s no longer possible?)

A member of the 1971 Constitutional Convention, Pimentel supports a shift to a federal system of government, prefers a Constitutional Convention but says the Senate and the House should vote separately if the mode of amending the Constitution is through a Constituent Assembly.

Pimentel disagreed with former Chief Justice Hilario Davide’s description of the shift to federalism as a “lethal proposal,” arguing it is a “vital proposal to give life and meaning to the intent of good governance and good life to our people.”

Pimentel also said the ban on political dynasties should be spelled out and self-executory in a Federal Constitution unlike in the 1987 Constitution which left it to Congress to pass a law on banning political dynasties.

“Meaning to say, no need to enact a law” for the ban to

effect. “The father cannot pass on this mantle of authority to his wife or mistress, son or daughter up to fourth civil degree. That would be one way but spell it out,” he said.

Dubbed “Father of the Local Government Code,” Pimentel was elected mayor of Cagayan de Oro and Assemblyman of the Interim Batasang Pambansa in the 1980s. He was arrested four times under martial law for standing up to the Marcos dictatorship.

“But it was worth it, I might say, because eventually we regained freedom,” he told the Senate hearing. “Let us not set aside those freedoms,” he said, adding the shift to federalism should not set aside karapatang pantao (human rights). “That should never be allowed by our people because that is guaranteed by the Constitution.”

Bank... from page 5

promise one by one. First, tax reform, then this new bank,” said Mr. Dominguez.

Mr. Dominguez said that the Landbank and the BTr are also exploring ways of mobilizing the savings of overseas-based Filipinos for them to invest in the country’s capital markets.

GSIS... from page 8

assets.

The agency registered a 52.52 percent rise in net income in the first 11 months last year to P84.15 billion.

Bocanegra said revenues

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City Branch 22 OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE File No. 2017-382 Upon Extra-Judicial petition for sale under Act 3135 as amended filed by BDO UNIBANK, INC., mortgagee, with principal office address at 10th Floor, BDO Corporate Center, 7899 Makati Avenue, Makati City, against SPS. JAIME ORAIZ, JR. & LUCENA G. ORAIZ, mortgagor/s, of legal age/s, Filipino/s with postal address at (1) 66 Consolacion Street, Cepalco Compound, Cagayan-de Oro City, (2) Lot 18032-G Cepalco Compound, Barangay Consolacion, Cagayan de Oro City, to satisfy the mortgaged indebtedness which was as of October 2, 2017 amounts to SEVEN HUNDRED FOURTEEN THOUSAND ONE HUNDRED SIXTY TWO PESOS AND 31/100 (P714,162.31) Philippine Currency including interest, penalty charges excluding attorney’s fees and expenses of foreclosure, the undersigned sheriff will sell at public auction on February 19, 2018, at 10:00 o’clock in the morning or soon thereafter at the RTC Branch 22 office, Hall of Justice, Fr. Mastersons Avenue corner Macapagal Road, Upper Carmen, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the herein described property and all improvements thereon to wit: TRANSFER CERTIFICATE OF TITLE NO. T-146146.

A PARCEL OF LAND (Lot 18032-G plan (LRC) Psd-166289, being a portion of Lot 18032, Cag, Cad L.R.C. Record No. N-39923), situated in the Poblacion, City of Cagayan de Oro, Island of Mindanao. Containing an area of ONE HUNDRED EIGHTY (180) square meters, more or less Prospective buyers/bidders may investigate for themselves the title of the herein described property and encumbrances thereon, if any there be.

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

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

Cagayan de Oro City, January 8, 2018,

FOR THE PROVINCIAL EX-OFFICIO SHERIFF:

(SGD.) JOEL LYDVEL G. PAKINO

BWM: Jan. 19, 26 & Feb. 2, 2018

from insurance contributions of its members went up 11.2 percent after the number of members rose to 1,707,795.

She said disbursement on social insurance claims and benefits increased by 13 percent to around P85 billion because of higher payments to increased number of pensioners, payments to pensioners’ survivors and life insurance and retirement claims.

Amid the increased benefit disbursement, Aranas said the agency continued to enjoy a long actuarial life of around 31 years or until 2049.

This, he said, was the reason why they need to look for more options to further lengthen the pension funds’ ability to service their members.

“We want to keep the fund sustainable,” he said.

Meanwhile, GSIS officials remain on the lookout to increase investments on infrastructure projects by around $400 million.

This as the government e mb ark s on a mass ive infrastructure program called “Build, Build, Build”, which has a planned budget of at least P8 trillion until the end of the Duterte administration in mid-2022.

“We really want to be part of that…preferably in equities. We are looking for the right partners,” Aranas added.

In 2016, GSIS officials said they planned to increase investments in infrastructurefocused projects given the large requirements for these projects in the domestic economy.

In 2012, GSIS teamedup w it h Ma n i l a - b a s e d lender Asian Development Bank (ADB), Macquarie Infrastructure and Real Assets (MIRA), the world’s largest manager of infrastructure assets and a part of the Macquarie Group; and Dutch pension fund asset manager APG to form the private equity fund called Philippine Investment Alliance (PNAI) for Infrastructure, which amounts to P25 billion or $625 million.

GSIS’ share in the fund is about 64 percent, amounting to $400 million.

The fund is part of the consortium that won the bidding for the extension of the Light Rail Transit (LRT) Line 1 to Cavite.

Other projects that PNAI has funded so far include a wind-powered power project in northern Philippines, solar power project in Negros in the Visayas and base-load power plant in Mindanao.

(PNA)

O r l a n d o B . Ve a s a i d in a speech during the partnership’s official launch at SM Megamall in Ortigas.

For its part, the SM group acknowledged the partnership is a response to the changing landscape in the retail industry, as physical stores now have to compete with online shops. “ We n o w h a v e t o contend with social media, contend with influences like marketing, fast fashion, and services, and of course, online shopping. All of this is possible with the help of new technologies. In SM, we take pride in adapting to new technology and it would be a catalyst of change,” SM Store President Chelo C. Monasterio said during the event.

PayMaya has been l au n c h i n g a s t r i n g o f partnerships with various companies to pave the way for more cashless payments in the country.

Earlier this month, the company inked a deal with

Golden Arches Development Corp., which operates the local chain of McDonald’s stores. PayMaya also partnered with Robinsons Retail Holdings, Inc. (RRHI) last November, allowing stores under the Gokongweiled firm’s portfolio to use PayMaya’s QR scan-to-pay system for cashless payments.

O n t he ot he r hand, PayMaya is also accepted for transactions in online marketplaces such as Lazada and Zalora, as well as in the online booking services of Philippine Airlines and Cebu Pacific.

GCash, the digital services arm of PLDT rival Globe Telecom, Inc., has also been ramping up expansion in physical retail establishments.

GCash is an accepted mode of payment in Ayala-operated malls nationwide, as well as stores under RRHI such as Robinsons Department Store, Robinsons Supermarket, and merchant brands Topshop, Topman, Dorothy Perkins, among others.

Cashless...

CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., from page Tel. #8(08822) 727-829 * Telefax # (088) 856-1947

par tner of PayMaya as CAMIGUIN BRANCHfor our a load-up center B. Aranas St., Poblacion, Mambajao, Camiguin Tel. (088) as 387-0491 customers, as #well a valued partner CORRALES of our Smart BRANCH Padala Corrales Ave.,service.

Cagayan de Oro City is a remittance This BRANCH of our natural DIVISORIA progression Atty. Erasmo B. Damasing Bldg., #61 Don A. collaboration weCitymake Velez St., Cagayanas de Oro # (088) 857-3631 it easierTel.for our customers t o u s e LAPASAN t h e i BRANCH r Pay May a Lapasan Hi-way, Cagayan de Oro City accounts anywhere Tel. # (088) 231-6739they are in the country,” PayMaya CARMEN BRANCH Vamenta Blvd., Cagayan de Oro Cityand Philippines President Tel. # (088) 231-2011 Chief Executive Officer

CDO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947

DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631

CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491

LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739

CORRALES BRANCH Corrales Ave., Cagayan de Oro City

CARMEN BRANCH Vamenta Blvd.,Cagayan de Oro City Tel. # (088) 231-2011

11

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

friday|january 19, 2018

Globe... from page 12

systems and mobile apps that were connected to devices including a fan, a lamp, and a motion-sensor for the connected home; and a demonstration parking lot with gantries, proximity sensors, radio-frequency identification (RFID) readers and an LCD screen for the connected parking scenario.

The mobile app for the connected home was also equipped with a security feature. This is an added user experience as the app notifies the user if motion is detected inside the home while the system is in “away” mode. On the other hand, the mobile app for the connected parking makes it easier for the user to search for and reserve parking slots. With the mobile app, it can easily t rack ava i lable pa rk i ng spaces around the area and do mobile payments when leaving.

“We want to ensure that Globe Telecom can open ways to onboard new connected things and applications with less integration but, with great impact to our users,” Globe Chief Technolog y and Information Officer Gil Genio said.

The POC project proposed a standardized set of working APIs to interconnect different IoT ecosystems, aiming to bridge gaps in IoT. These OAsIS APIs will facilitate the interconnectivity of IoT applications, platforms and connected things. It will allow customers’ orders to be processed and billed, and devices to be controlled across platforms. “In terms of connected things and IoT applications, Globe through Project OAsIS, could provide more options to our users in making the IoT ecosystem an attractive package to other partners, which in turn could lead to a more comprehensive adoption of the technology,” Genio also said.

He explained that even w it hout t he awa rd, t he entire OAsIS team, led by the Enterprise Architecture G r o u p, a n d E m e r g i n g Te c h n o l o g i e s u n d e r Solutions Delivery Division, Information Systems Group, is hoping to leverage on TM Forum’s reach. “The award gives more focus on the importance of standardizing APIs as a building block in IoT, and also acknowledges the vision and effort of the OAsIS team. We’re hoping that this will further motivate the TM Forum community in the adoption of these IoT APIs,” Genio added.

He further emphasized that device manufacturers, communications ser vice p r o v i d e r s (C S P s) a n d application developers can eventually benefit from the network effect, find ways to expand the IoT as a whole and accelerate the maturity of the market.

The TM Forum Catalyst Aw a rd i s a r a pi d -f i r e innovation project that allows telco operators and solution vendor s to p a r t ic ip at e openly and solve industry

challenges. As a digital service provider, Globe Telecom has always aimed for a digital transformation through the power of technology. Earlier this year, Globe Telecom has endorsed TM Forum’s suite of Open APIs. To date, these Open APIs are now being used to enable a range of business scenarios and enable a wide range of revenue growth opportunities for communications ser vice providers (CSPs) and their partners and suppliers.

NGCP... from page 1

The all-time peak power demand for the Luzon grid was recorded last May 9 at 10,054MW. The load growth for the past five years shows the growing trend of peak power demands occurring in the month of May. “ We b r e a c h e d t h e 10,000MW demand in power for the first time this year.

With an average growth rate of around 5% from 2014-2017, we are expecting Luzon’s peak demand in 2018 to remain in that growth rate, also in May. The trend is reflected in the DOE’s 2018 forecast peak of 10,561MW from 2017’s actual demand of 10,054MW, pegging growth rate at 5.04%.

NGCP’s System Operations continues its coordination with power generating plants to ensure that all maintenance shutdowns are timed not to coincide with peak periods, particularly at the height of summer,” stated NGCP. The total Luzon power supply is expected to face constraints in April, due to the expected rise in demand brought about by rising temperatures.

For the Visayas grid, peak power demand reached 1,975 MW last November 14, while the Mindanao grid’s peak was recorded at 1,760MW on December 5. As both grids historically experience their peak demand at the end of the year; November for Visayas and December for Mindanao.

NGCP expects these numbers to be exceeded in 2018.

“We have seen a steady rise in power demand in Visayas and Mindanao. NGCP is steadfast in maintaining the quality and reliability of power in these areas throughout the year,” NGCP said.

“NGCP assures its customers and stakeholders that its transmission facilities are adequate for the transmission of any and all available power to the grid.

At the same time, we appeal for efficient energy use from commercial and residential consumers to prevent power shortages. Simple practices such as removing the plugs of appliances from outlets when not in use, keeping the air conditioners at 25°C, and shifting electricity-heavy household duties such as using the washing machine and ironing clothes to offpeak periods (before 11AM and after 7PM), will be beneficial to the entire grid,” added the company.

Critical transmission projects such as the VisayasMindanao Interconnection

Project (VMIP) and the Cebu-Negros-Panay (CNP) Stage 3 project have also commenced to reinforce grid stability and enable power sharing between the three main grids.

“NGCP is eager to fully implement these projects as we know its impact to the country’s overall power supply and sharing portfolio.

We ask for the full support of our customers, stakeholders, the LGUs, and community leaders to ensure the projects’ on-time implementation and expedited completion,” NGCP appealed.

NGCP is a Filipino-led, privately owned company in charge of operating, maintaining, and developing the country’s power grid, led by majority shareholders Henry Sy, Jr. and Robert Coyiuto, Jr. (NGCP)

Hamburger... from page 1

del Sur. Aside from patties, the women belonging to Palibo Indigenous Solibao Vendors Association also produced popular Filipino foods like patis (fish sauce) , embotido, chorizo and chicharon from common fishes including pantat (catfish), haluan (mud fish), tilapia and gourami which are abundant at the large 15,000-hectare wetland in the province.

The women’s group coming from the neighboring villages of Novele, Tagbayagan, Bayugan 3 Wasian has been tapped by PENRO-LGU since most of the residents in this area are engaged in selling fresh and dried fishes caught by fisherfolks at the Agusan Marsh.

Melba Cornelio, a village councilwoman in Novele, said the women were organized and tapped to undergo the food processing training to maximize their idle time at home and become productive residents in their community.

The fish burger production is another feat by resourceful women’s group in the province after the acclaimed Libas jam made from indigenous mangosteen which are also plenty in Agusan Marsh.

The production of Libas jam by lumad women’s group Indigenous People –Local Researchers in Agusan Marsh and Sectoral Association (IPLORAMSECA) in Loreto town was enhanced into a globally competitive product through the support of former Environment Secretary Gina Lopez.

Lopez discovered the local jam on display at the food exhibit during her visit to Butuan City last year. She helped IP-LORAMSECA enhance their product by sending her personal chef who has wide international experience in five star hotels.

M a r i l y n Tr a s m i l , c h a i r p e r s on of I PLORAMSECA, said old folks has been using Libas as an alternative to vinegar to cook sour stewed fish (paksiw) or locally called inon-onan.

“It took us time to research how to produce another product for Libas with a better commercial value,” Trasmil

said.

Aside from the Libas fruit, the jam is made of other indigenous ingredients like brown sugar and turmeric ginger.

Salome Acopiado, a staff of PENRO-LGU, said GIZ, said a German funding institution who has project on the development of indigenous rural system in Loreto, came to help them with an initial P60,000 fund to purchase cooking materials and kitchen wares like stove, kettles, head dress and aprons for the production of Libas jams.

Trasmil said the advent of Libas Jams would help discourage lumad residents from cutting the libas trees for the use as charcoal in making the haluan dried fish since they find the charcoal produces blue flame while some others used it as a lumber post on their building houses.

Seeing the dwindling stocks of Libas trees naturally growing along Agusan Marsh, the Department of Environment and Natural Resources through their National Greening Program has tapped –IP-LORAMSECA for the replanting of Libas around an identified 100-hectare area with P2 million project cost.

Trasmil said they went into three-day training in Loreto, a follow up at DENR Caraga in Butuan and to their big surprise displayed their products in an actual cooking exhibition at Robinson’s Place.

The mall goers were allowed to taste the Libas pastries and baked products like pizza, cookies, muffins and even brownies cakes to their delight.

RAGCOM...

from page 1 Mi n d an a o D ai ly Ne w s Corporation guarantees substantial spaces of its newspapers for the stories and pictures submitted by members of RAGCOM-NM. On their part, RAGCOM-

NM must support the business sustainability of Mindanao Daily News Corporation in the form of advertorials and advertisements.

The signing of the agreement was made last week between Mindanao Daily News Corporation president/CEO Dante Sudaria and RAGCOM-NM president Merlyn Ybañez and witnessed by vice-presidents and editors of Mindanao Daily News, BusinessWeek Mindanao and Cagayan de Oro Times, and other officers of RAGCOMNM, at the Mindanao Daily News Corporation office.

To enhance the story g at h e r i n g an d w r it i n g capabilities of RAGCOMNM members, a series of trainings will be organized

by Mindanao Daily News Corporation.

The two-day journalism workshop will cover news w r i t i n g , p h o t o g r a p h y, broadcasting, writing for social media and issues and crisis communication. It aims to build a foundation of universal journalism techniques.

Mindanao Daily News Corporation vice-president for business development Ruffy Magbanua said they are also encouraging nonRAGCOM members such as local government information of f i c e rs and c or p or ate communication officers of companies to attend such trainings.

“Learning is pitched at a core level, designed to help participants analyze basic concepts and execute journalism skills,” Magbanua said.

The first series of seminars is slated in March.

Approves... from page 2

85 percent, and for the Income-Based, 75 percent.

Magtajas-Daba further explained that the amount

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Gingoog City OFFICE OF THE CLERK OF COURT & EX-OFFICIO SHERIFF

NOTICE OF EXTRA-JUDICIAL SALE File No. 229-2017

Upon extra-judicial petition for sale under ACT 3135 as amended by Act 4118, filed by HOME DEVELOPMENT MUTUAL FUND (Pag-ibig Fund) with Branch office address at Pag-ibig Fund Bldg. J.R Borja St., Cagayan de Oro City , represented by its Dept. Manager Reynaldo P. Cue, against ROGELIO Y BAGUIO married to MERLINDA R. BAGUIO, both of legal age, Filipino citizen, resident of Lot 34, PCS-10-001369, Saa State Subdivision Poblacion, Barangay 26, Gingoog City, Misamis Oriental to satisfy the Mortgage indebtedness which as of JUne 27, 2017, have amounted to ONE MILLION SIX HUNDRED EIGHTY TWO THOUSAND TWO HUNDRED THIRTY THREE PESOS AND 17/100 (P 1,682,233.17) Philippine Currency, inclusive of interest and penalty charges as of June 27, 2017, excluding foreclosure expenses and other monetary obligation.

The undersigned Sheriff will sell at Public Auction on January 22, 2018, to the highest bidder for CASH at 9:00 o’clock in the morning to 4 o’clock in the afternoon at the Office of the Clerk of Court, Regional Trial Court, F. Dugencio St., Gingoog City, the following properties with all the improvements existing thereon, to wit:` TRANSFER CERTIFICATE OF TITLE NO. T-9492 A PARCEL OF LAND, (Lot 34, Pos-10-001369, being a portion of a lots 2,3,4,5,6,7,8,9,10,17,18,22,23,24,25,26,27,& 28, PCS-10-000734 & Lot 5 & 7, PCS-10-000852) situated in the Poblacion. City of Gingoog City. Island of Mindanao, Bounded on the SE., along line 5-1 by lot 35., on the SW., along line 1-2 by lot 33, on the NW., along line 2-3 by lot 177., on the NE., along line 3-4-5 by lot 176, all of the Consolidation Subdivision plan Pcs-10-001369.

Beginning at the point marked “1” on the plan being S. 26 deg. 13’E., 2049.32 M. from BLLM No. 1, Cad-295, Gingoog Cadastre.

All sealed bids must be submitted to the undersigned on the above stated date and time In the event the Public Auction should not take place on the said date , it shall be held on the next working day without further notice.

The propective buyer/s may investigate for themeselves the title of the herein described proprty/properties and the encumbrances thereon, if any there be.

Gingoog City, November 20, 2017.

By: SGD ATTY. RHODORA N. RESTITUTO

Clerk of Court VI / Ex-Officio Sheriff

to be given to the scholars and grantees cannot be fixed under the ordinance.

She said that as provided under the Scholarship C ode, the CSWD office would recommend as to how much should be given to the scholars, t o b e ap p r o v e d b y t h e scholarship board.

“As pu b l i c s e r v ant s , it is our duty and responsibility to give access to knowledge, and access to education,” c ou nc i l or Su z e tte s ai d.

(EF/SP)

Score... from page 4

your fair share, then it’s still best for your own peace and happiness, as well as your marriage, that you stop keeping score and counting everything your husband or wife is not doing. But you know, with Jesus Christ in control of your life and marriage, with His help you can finally throw away your score card and start being happy. Just Think a Minute…

EXTRAJUDICIAL SETTLEMENT OF ESTATE OF DECEASED SPOUSES WITH WAIVER Notice is hereby given that the intestate of estate ALEJO O. SERIÑA and DOROTEA MAAGAD, respectively died intestate inOpol, Misamis Oriental which was their places of residence at the time leaving two (2) parcels of land and all the improvements thereon, situated at Barra, Opol, Misamis Oriental (formerly Iponan, Municipality of Cagayan). A PARCEL OF LAND (Lot No. 6417 of the Cadastral Survey of Cagayan), situated in the Barrio of Iponan Municipality of Cagayan, containing an area of TWO THOUSAND NINE HUNDRED SIXTY TWO (2,962) SQUARE METERS, more or less.

A PARCEL OF LAND (Lot No. 6437 of the Cadastral Survey of Cagayan), situated in the Barrio of Iponan, Municipality of Cagayan, containing an area of THIRTY FIVE THOUSAND TWO HUNDRED TWENTY FOUR (35,224) SQUARE METERS, more or less. ALEJO O. SERIÑA and DOROTEA MAAGAD, is the subject of EXTRAJUDICIAL SETTLEMENT OF ESTATE OF DECEASED SPOUSES WITH WAIVER; is made and entered into; HERNANDO R. SERIÑA, of legal age, Filipino and a resident of Poblacio, Balingasag, Misamis Oriental; Atty. FELIX B. SERIÑA, of legal age, Filipino and a resident of 122 Calbayog Street, Crossing Mandaluyong City; RACIA S. SERIÑA, of legal age, Filipino and a resident of Taboc, Opol, Misamis Oriental; TEOGENES M. SERIÑA, of legal age, Filipino and a resident of Igpit, Opol, Misamis Oriental; ARTURO U. SERIÑA, of legal age, Filipino and a resident of Poblacion, Opol, Misamis Oriental; SOSISO T. SERIÑA, of legal age, Filipino and a resident of Poblacion, Alubijid, Misamis Oriental; TERESITA S. GAMOLO, of legal age, Filipino and a resident of Poblacion, Opol, Misamis Oriental; JUSTO S. SALVA, of legal age, Filipino and a resident of Poblacion, Opol, Misamis Oriental; ALEJO B. SERIÑA, of legal age, Filipino and a resident of Puntod, Cagayan de Oro City; BEATRIZ S. LUZA MAAPE, of legal age, Filipino and a resident of Poblacion, Opol, Misamis Oriental; and SALUSTIANO G. SERIÑA, of legal age, Filipino and a resident of Poblacion, Manticao, Misamis Oriental; Under Notary Public of CONCHITO J. OCLARIT; Doc. No. 146; Page No. 30; Book No. XX; Series of 2015.

BWM: Jan. 5, 12 & 19, 2018 BWM: January 12, 19 & 26, 2018

12

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

friday|january 19, 2018

Project OAsIS Team led by Globe Head of Enterprise Architecture Vincent Seet (5th from left), receives the Outstanding Catalyst for Innovation Award at the recently concluded TM Forum Live!

Globe wins TM Forum Catalyst Award for Innovation, pushes for API standardization

G

lobe Telecom is taking the lead in setting standards for APIs with Project OAsIS having received the award for Outstanding Catalyst for Innovation in the recently concluded TM Forum Live! Asia 2017 in Singapore.

Short for Open APIs for a vibrant IoT ecosystem, Project OAsIS takes on bridging the fragmented IoT industry.

The goal of Project OAsIs is to identify and adopt the best-suited APIs for Telco IoT applications, platforms and connected things to make them interoperable regardless of which protocol or framework

they use.

At the TM Forum Live!

Asia 2017 event, Globe Telecom demonstrated Project OAsIS through a workflow of working

prototypes for a connected home and a connected parking use case. These prototypes included application management globe/PAGE 11

David Pleasance (extreme right), Chairman of the TM Forum Board Directors, visits the booth of Project OAsIS as one of the judges.