BusinessWeek Mindanao (January 2-3, 2018)

BusinessWeek M I N DA N A O CREDIBLE

Volume VIII, No. 95

Market Indicators As of 6:00 pm Dec. 29, 2017 (friday)

FOREX US$1 = P49.92

8

PHISIX 8,558.42

X X Briefly

cents

23.33 points

ARMM investments AUSTRALIAN investors are keen to pour in capital in the Autonomous Region in Muslim Mindanao (ARMM) which officials said can be a “vote of confidence” amid the Marawi City crisis.

Lawyer Ishak Mastura, chair of the ARMM’s Regional Board of Investments (RBOIARMM), said the Australian business interest in the region came after RBOI joined in the recent Philippine Investment Mission and Roadshow to Australia led by the Board of Investments (BOI) – Manila under its Philippine Investment Promotion Plan (PIPP).

The PIPP serves as the BOI’s investment programming platform composed of all investment promotion agencies.

The investment promotion agencies made a pitch to Australian investors in Sydney, Melbourne and Brisbane in the second week of August.

Competitiveness THE National Competitiveness Council (NCC) said that parts of Mindanao remain competitive despite slower economic growth this year, with certain cities in the region maintaining high positions in the Cities and Municipalities Competitiveness Index (CMCI).

NCC Co-chairman Guillermo M. Luz said that big cities in Mindanao continue to outperform parts of Metro Manila.

“Certain cities in Mindanao… have stepped up and they are among the most competitive cities in the Philippines. I see Davao, I see Tagum and I see Cagayan de Oro City, General Santos City [having high ranks in the index],” he added.

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Cagayan de Oro Lapasan Highway, Cagayan de Oro City

Govt expects growth sustainable in 2018 T

By LESLIE GATPOLINTA, PNA

HE Philippine economy has maintained its position as one of the fastestgrowing economies in Asia on robust domestic consumption and government spending, supporting its projected higher growth path over the next few years.

Socioeconomic Planning S ecretar y and National Economic and Development Authority (NEDA) DirectorGeneral Ernesto Pernia said this year’s economic growth is “very good, spectacular”

considering it is post-election year.

“If you look at postelection years in 2015 and then 2011, the growth rates were really low. In that context, it growth/PAGE 11

ARMM posts P3.2-B investments in 2017 PARADE OF BEAUTIES. The Ms. Kuyamis 2018 candidates show off their curves during the swimsuit competition held at Sophie Red Hotel and Restaurant in Jasaan, Misamis Oriental on Thursday, Dec. 28, 2017. Twenty lovely young women will compete to become next year’s Ms. Kuyamis.

The annual Kuyamis Festival activities will be held on Jan. 8-12, 2018. photo by gerry lee gorit

DSWD-10 warns anew vs ‘buy and sell’ of relief goods

By JIGGER JERUSALEM, PNA

THE Department of Social Welfare and Development-10 (DSWD-10) has warned anew that those caught selling or buying food packs given

to individuals affected by disasters are punishable by law.

DSWD-10 issued the warning even as it continues

to receive reports of illicit trading of relief goods in warns/PAGE 11

COTABATO City -- The Autonomous Region in Muslim Mindanao (ARMM) has accepted PhP3.2-billion worth of investments in 2017, some 53 percent higher as compared to last year’s PhP2.11-B, the Regional Board of Investments (RBOI) reported.

T h e r e g i o n’s t o p investor this year is the TierOne Communications International, Inc. (Tier1)

that pitched in Php3-B worth of investments in telecommunications that included cellular services, broadband connectivity, wireless internet, and public WiFi. Tier1 first targeted Marawi City as a pilot area for their project but when the Marawi siege occurred, the firm shifted their sight to the ARMM compound here as posts/PAGE 11

C. Mindanao sees stable devt under ML extension COTABATO City – All is well for this city and the adjoining province of Maguindanao under the martial law declared in Mindanao by President Rodrigo Roa Duterte.

This developed as residents in the area have remained solid behind the

extension of martial law for the entirety of 2018, citing it has done well for the island as a whole and this city in particular.

The relentless illegal drugs campaign, war on terror, and corruption has brought down extension/PAGE 9

ENERGY-SAVING LIGHTS. Street lights in Cagayan de Oro are being replaced from the older orange-colored ones (as seen from afar in this frame) to the brighter white lamps yet consuming lesser energy.

photo by mark doña francisco

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Economy 2 Food tips for the home during disaster B

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UTUAN City -Some hazards are naturally occurring physical phenomena caused either by rapid or slow onset events which can be geophysical such as earthquakes, landslides, tsunamis and volcanic activity. Others are hydrological such as avalanches and floods; some climatological such as extreme temperatures, drought and wildfires, meteorological like storms and wave surges, or biological such as disease epidemics and insect or animal plagues.

Technological or man-made hazards are complex emergencies or conflicts, famine, displaced populations, industrial

accidents and transport accidents. These are events that are caused by humans and occur in or close to human settlements. These can include environmental degradation, pollution and accidents.

A natural or manmade disaster can cause loss of lives or damages to properties. Our country is not spared from the havoc of natural disasters, as it is surrounded by bodies of water and is located along the Pacific Ocean’s “Ring of Fire,” from where typhoons, tsunamis, volcanic eruptions and earthquake emanate.

Emergency reserve food and water in the home are essential in the event of a natural disaster.

Ensuring the safety and quality of food and water supply is very important because consumption of contaminated food or water may result in illness or death. Careful planning and readiness help ensure safe food and water supply for the family.

Here are some practical food tips that you can follow when disaster occurs: 1. Store food that are non-perishable or with long storage life; 2. Store food that need no refrigeration; 3. Store food that are easy to prepare to prepare and cook; 4. Store food that require a minimal amount of water if preparation is

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needed; 5. Food should be compact and lightweight; 6. Store clean water in safe sealed containers; 7. Wash hands with soap and water when handling foods to prevent illnesses; and 8. Include hand sanitizer Examples of foods to store are ready-toeat canned goods like sardines, dried fruits, juices, staples (sugar, salt, pepper), instant low-salt noodles, high energy foods (peanut butter, jelly, nuts, energy bars), cookies, candies and other snack foods. Also, avoid storing foods that are salty, spicy and caffeinated because these will increase thirst.

We must also consider the special nutritional needs of infants and young children, pregnant and lactating and older persons in the home because they are the most vulnerable persons. Like for infants and young children, breastmilk is still the best food for them. Practice and maintain exclusive breastfeeding from birth to six months.

For pregnant and lactating women, micronutrient-rich foods must be considered, like fortified foods such as instant low-salt noodles and cereals. For older persons, store easy to chew and digest foods like soft biscuits, bread, oats and easy to prepare soups.

Also, water is the most essential life-sustaining resource. Keeping water in a clean plastic bottle will keep you hydrated.

Have a bag of foods ready to carry when disaster strikes. Every household should assemble a disaster supplies kit and keep it up to date. A disaster supplies kit is a collection of basic items a family would probably need to stay safe and be more comfortable during and after a disaster.

Disaster supplies kit items should be stored in a portable container near or as close as possible to exit door.

Review the contents of your kit at least once every tips/PAGE 9

COTABATO City -Ongoing relief operations in the Autonomous Region in Muslim Mindanao (ARMM) is targeting to serve soonest all 45, 380 families or 226,900 individuals affected by the recent onlsaught of tropical storm Vinta in the region.

The ARMM comprises the cities of Marawi and Lamitan; and the provinces of Maguindanao, Lanao del Sur, Sulu, Basilan, and Tawi-Tawi.

Among the ARMM provinces, the storm severely hit Lanao del Sur, displacing 24,202 families

affected by floods and landslides with 29 deaths; 16 persons missing; and 33 others injured.

On Dec. 27, the ARMM’s Humanitarian and Emergency Action Response Team served a total of 1,442 families in the municipalities of Balindong and Tugaya, the hardest hit towns in Lanao del Sur. ARMM Governor Mujiv Hataman led the distribution of the relief goods in Balindong consisting of rice, corned beef, sardines, and 3-in-1 instant coffee.

Also, a total of 893

affected families in Bacolod Kalawi and 605 affected families in Madalum received relief goods from the ARMM. Moreover, the regional government extended cash assistance to families who lost members in the calamity.

On Dec. 21, the Lanao del Sur provincial government placed its entire area under a state of calamity after torrential rains inundated 19 of its 39 towns. In the province of Maguindanao, 21,178 families were affected in five towns. No deaths, assist/PAGE 9

ARMM works fast to assist 45k Vinta-affected families

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

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Health care after disaster

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Hole in the heart think a minute

jhan tiafau hurst Think a minute…You may have heard of Jimi Hendrix.

He has been called the greatest guitar player of rock n’ roll.

One night, Jimi Hendrix was performing for a huge crowd of thousands at a sold-out concert. Suddenly, right in the middle of the concert, he stopped playing. The thousands of people in the audience waited in silence, wondering what Hendrix was going to do. Finally, the silence was broken when Hendrix spoke through the loud speakers. He said: “If any of you out there knows how I can get peace of mind, please meet me backstage after the concert.” The big crowd sat in silence, completely surprised and shocked!

Sadly, not one person in that crowd of thousands came backstage after the concert.

And Hendrix never found

the peace of mind he was so desperate for. The next day, Jimi Hendrix was found dead, from an overdose of drugs.

What a tragic story.

You know that our Creator made every one of us to share and enjoy life with Him. In fact, we all something like a hole in our heart and life, like a missing piece of a puzzle. And until we find that missing part to fill our life, you and I can never have real, lasting peace and satisfaction, because we’re not complete.

We can try to fill this emptiness with things like money, power and respect, physical pleasures alcohol, drugs or sex outside marriage.

We can even try to fill it with religion. But none of these things can give you real peace and satisfaction that lasts a lifetime. They may feel good for a short time, but later we’re back to feeling empty, restless and unsatisfied. This is because only Jesus Christ your Maker can completely fill the emptiness in your heart and life. So why not ask Him to forgive you for living your own way? It’s only then that you will finally be complete, and enjoy real peace and satisfaction that lasts a lifetime.

Just Think a Minute…

Ruffy magbanua AHEAD of TS Vinta’s stifling exit, the weather bureau announced that one more storm is expected to hit Visayas and Mindanao areas at the entrant of the new year.

Just how strong and damaging the incoming typhoon would be, and where it would make landfall, only God knows.

With the coming of 2018, these uncertainties arise: Are we ready for the

coming of another round of disaster after the onslaught of TS Vinta? Do we have a coherent, well-organized and responsive disaster management system in place?

How do we deliver health care in the aftermath of a natural calamity? Do we have a comprehensive and systematic roadmap on disaster management?

These are some of the many disturbing questions raised over and over again as we s e e t he massive destruction of the recent floods unfold before our very eyes spawned by TS Vinta in most parts of Mindanao.

That said, concerns on health welfare of the affected typhoon victims due to the insurmountable effects typhoons would bring to flood-prone cities like Cagayan de Oro and nearby areas are at bay and needing

instant solutions to mitigate further sufferings of people down with nature’s wrath.

In a not-so-recent forum, Dr. Gina Itchon, director of Xavier University’s Center for Sustainable Sanitation presented this paper entitled: “ Ho w i s He a l t h C a r e Delivered After a Disaster?: Implications for Effective Management Policies”.

The Itchon research paper revealed that there was insufficient attention given to the scientific study of flood relief operations in the country, in particular to the organization of medical support.

Based on the Sendong experience, the study found out that one-third of all ER consultations were children, they being vulnerable during disasters. Trends indicated as well that there were different medical needs at different

times and occasions.

The Itchon paper also re v e a l e d t h at s u r g i c a l operations of flood victims, most of whom were found to be women and children need immediate medical attention.

Also, water-b orne infectious diseases were prevalent after 10 to 14 days and rodent-borne diseases, 14 days after. Of these concerns, medical supplies and personnel needs also differ.

Itchon says the occurrence of leptospirosis epidemic about a week after the flood could have been avoided if there was proactive action taken by health authorities.

The study also found out that surgical injuries predominated in the immediate post disaster period. There was also this immediate need for health hotline/PAGE 9

Florante Evasco’s cause with PSC

Lucell larawan Filipino athletes are like the wise men who needed a p o i nt i n g s t a r. T h e i r achievements also depend o n l e a d e r s h i p, a m o n g others, especially when facing demoralizers and hindrances. This is what the Philippine Sports Commission (PSC) regional representative, Florante Evasco, seeks to fulfill as he looks for players to develop and oversee sports activities in his milieu.

A few months ago, he initiated the arnis training program for a far-flung Busao National High School at Maribojoc, Bohol. It was a basic training program

which aimed to develop the grassroots’ appreciation of the dying Filipino art in the province. I hail this program as a strategic move because though arnis has already become our national sports with a significant cultural content, we only hear very few arnis mentors for school athletics in the province. I do not even hear about clubs around which mentor the lost art.

Being asked to mentor in the arnis training program at Busao, I immediately took it with aplomb. I may be a Master of Management holder from the country’s premier university and had other decorations in the field of university mentoring for 17 years and, among others, had become a member of the National Committee on Visual Arts, but I still seek for my community to understand that they should never overlook a gem which can represent our national pride. So, mentoring arnis with the initiative of Evasco was, indeed, a special project which I took with a plum.

B e s i d e s c re at i n g an arnis project, Evasco also sought to encourage highly competitive athletes. He later learned that Eilen Perez--a weightlifter who l i v e s n e a r by - - g ot t h e gold in t he Asi an Cup in Weightlifting and the Inter-Club Weightlifting Championships. He arranged a meeting with her and her coach to know how he can help. After a while, Evasco proposed to the PSC what the weightlifter needs: barbells and rubber support; he does not miss a scheme for full scholarship incentive for the gold-studded athlete, too.

The PSC—created through RA 6847—exists with a mission to serve as the prime catalyst and advocate for the propagation and development of Philippine sports by helping shape policies and setting priorities through the following: * c o o r d i n at i n g a n d implementing a national sports program; * c re at i ng e qu it abl e opportunities for

participation in sports by all sectors; * providing assistance to stakeholders and partners; * supporting the specially talented athletes for high level competitions; and * promoting the development of those physical qualities and moral values which is the basis of sports.

P S C ’s v i s i o n : A Commission with a unified sports program which will enhance the quality of life of the Filipinos, instill national pride and attain international prestige through excellence in sports.

In view of the vision and mission statement, the PSC will pursue two basic objectives: * Increased participation in sports by Filipinos; and * Excellence in sports performance by Filipinos.

Gleaning from the Sport Commission’s objectives, there has been a transition from its previous focus w h i ch d i d not i nclu d e programs for out-of-schoolcause/PAGE 9

A ridiculous fact have my say

klaus doring A mistaken belief accompanies us each and every second of our life. Incorrect decisions and wrong doings are part of our daily life.

It is almost a ridiculous fact that man wants to know certain truths about mundane things. But really, he seems least interested in even mundane truths as can be read many times in our daily newspapers or online

for example. There seem to be too much rash judgments, and the readers absorb these and make these their own. A fatal attraction!

This is sometimes referred to as journalistic mentality wherein accusations are generously made without proof. Evolution started this trend, when scientists stated for example that man evolved from the apes - without proof. The only proof they had was the missing link, and, if I am not mistaken, it’s still a missing proof until now.

To look for proofs is a mental activity, which is no longer a common thing nowadays, because it takes really time, effort and is too serious to think about. Yet in Christian education, thinking right is very important.That’s why Philosophy is important

in Christian life. To avoid error in thinking, the rules of right reasoning must be studied and mastered. It is really totally neglected in today’s modern education?

Thinking is actually an enjoyable activity but when one is pressured to get a good job for one’s sustenance, then the other more mundane become attractive. After all, great thinkers many time do not get (good?) jobs... .

Spiritual writers like the British Samuel Taylor C ol e r i d ge ( 1 7 7 2 - 1 8 3 4 ) noticed that mankind had stopped thinking even two centuries ago. Wow. That was during his age.

Man probably stopped thinking even earlier. He has ceased many times to search for the truth. It’s easier to listen to gossip and believe in it. What a sign of weak

minds!

Too often are we blind to the truth. As a consequence, we easily believe in lies we only have to like it. Too bad, if people always like to close their eyes and ears especially while experiencing the delusion of error. +++ Ad multos annons? No, just for 2018: In advance: Happy New Year to all of you, my dear readers also from this corner. May our good Lord shower you with all His neve rending blessings.

Sursum corda! Let’s lift up our hearts! +++ Email: doringklaus@gmail. com or follow me in Facebook, LinkedIn or Twitter or visit www.germanexpatinthephilippines.blogspot.com or www. klausdoringsclassicalmusic. blogspot.com .

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Banking&Finance

Zamboanga posts increase in tax collection

Z

AMBOANGA City -- Preparations are underway for the establishment of the Business One Stop Shop (BOSS) to institutionalize a hassle-free registration of new business permits and renewal of licenses for 2018.

City Permits and

Licensing Division Chief Benjie Barredo on Wednesday said the city government generated an earnings of P154 million for January 2017 alone.

Of the total earnings, Barredo said that P130 million came from business taxes and P24 million from other

business related fees and surcharges.

Barredo said the total 2017 collection is higher by 13.24 percent or P18 million increase compared to P136 million in 2016.

He said this came about as the establishment of BOSS resulted in 416 percent increase in the

issuance of new business permits totaling 477 in 2017 compared to only 34 in 2016.

He added that the renewal of business permits had registered 9,955 in 2017 compared to only 2,474 in 2016. The city government launched the BOSS in January 2017.

THE CENTRAL BANK will soon allow banks to set up dressed-down branches nationwide, as the regulator eases rules on banking offices in a bid to boost financial inclusion.

In a statement, the Monetary Board of the Bangko Sentral ng Pilipinas (BSP) said they have approved the option for banks to set up “branch-lite” units, which will allow lenders to set up simplified service outlets from the prescribed brickand-mortar space.

“A branch-lite is considered a full branch, but then the bank would have the flexibility in designing the branch. It could be the look may not be so formal, because you can’t avoid that some people may be intimidated with the look of a branch,”

BSP Deputy Governor Chuchi G. Fonacier told reporters in a recent ambush interview.

For one, Ms. Fonacier said a lite branch may be set up in a marketplace, which would effectively extend full banking services within a structure that’s more open and enticing to low-income Filipinos, versus the imposing vibe of branches often seen in business districts.

Lower processing fees will also be imposed on transactions done in these smaller bank outlets.

Existing BSP rules allow banks to set up branches — which do deposit-taking, service withdrawals, and maintain complete sets of books of accounts — as well as extension offices and

other banking offices, including microfinance units. However, branch-lite offices will be excluded from the computation of capital requirements.

All banks may choose to set up branch-lite units, although such plans would still have to be approved by the Monetary Board similar to proposals to open other banking offices.

Through this, the BSP hopes to bring financial services to 570 cities and towns in the country which have no access to banks.

The National Baseline Survey on Financial Inclusion released by the central bank in 2015 showed that only 43% of Filipino adults had savings, with 68% of them opting to keep their money at

home rather than placing them as bank deposits.

“With simplified and more flexible provisions, banks will be better able to expand in areas which are unbanked and underserved,” the central bank said, noting that the new rules allow enough room to tailor-fit services for the low-income market.

“The banking products offered in branch-lite units shall exclude those suited for sophisticated clients with high risk tolerance,” the BSP added.

Ms. Fonacier said the branch-lite offices would likewise “level the playing field” between banks and non-bank players in serving rural areas, as it allows room for competition in serving these markets. rules/PAGE 9

He said the BOSS will be established at the Centro Latino Hall of the Paseo del Mar, where all offices and agencies concerned with the issuance of business permits will have their designated areas to accommodate business registrants.

The renewal and registration of new business permits will start on January 3, the first working day for the year 2018.

The process will last until January 20, beyond which a surcharge will be imposed on late registrants. (PNA)

BSP approves rules for ‘branch-lite’ units BIR tax effort improves

DEPED BRACES FOR ASEAN INTEGRATION 2015

By IMELDA N. BAGUIO, MAEM Paniangan Elementary School Manticao District, Manticao Misamis Oriental

There have been apprenhensions on the readiness of the Philippine Educational system into the much-anticapated ASEAN economic integration in 2015.

Even Department of Eduation (DepEd) Secretary Armin Luistro Admitted, the Philippines is cramming things it should have done a decade ago b ecaus e bureaucracy got in the way then.

The Philippines is having a bit of a difficulty because there are things that we really are rushing and cramming about which we should have done earlier. But the political landscape at the time was not ready, so those things did not push through, Luistro said in a televesion interview.

It was a kind of landscape where having separate agencies managing the education system – basic education (Department of Education or DepEd), technical – vocational ( Te c h n i c a l E d u c at i o n and Skills Development Authority or TESDA), and h ig her e duc at ion (Commission on Higher E du c at i on or C H E D ) brought division instead of unity to the government’s education sector.

In 2015, an ASEAN Economic Community will

be established, marking the start of free trade among t h e or g a n i z at i on’s 1 0 memberstates allowing free flow og goods and services education services included.

Former Education Secretary Erlinda Pefianco echoed Luistro’s assessments.

Pe r f i an c o s ai d t h e country only started to see more reforms in the last two years, compared to the last decade.

She cited what action the government has taken from 2012 to 2013 vis-à-vis what has been done in the years before.

Basic education reforms BEFORE 2012 2012-2013 Tr i f o c a l i z a t i o n o f Education in the Philippines (by the Education Committee in 1991) Republic Act 10157: Kindergarten Education Act Republic Act 9155: G ovenrnance of B asic Education Act of 2001 (renaming the Department of Education, Culture and Sports as the Department of Education) Executive Order No. 83;2012.

Institutionalization of the Philippine Qualifications Framcework Republic Act 10410: Early Years Act (EYA) of 2013 Republic Act 10533: Enhance Basic Education Act of 2013

T h e 3 g ov e r n m e nt agencies learned to closely coordinate when they had to help put together the Philippine Qualifications Framework (PQF). It seeks to align the country “with international qualifications framework” to make it easier for workers to move to and be absorbed in other ASEAN countries.

In the basic education ector, Pefianco said we are already at par with the rest of he world with the enactment of K to 12. But there’s more work to be done for both public and private schools in view of ASEAN 2015.

According to Luistro that if ASEAN 2015 really pushes through, the travel of students, even minors, will happen because it should be cheaper and therefore there should be more access even to physical travel.

Because of that, our curriculum should also be eady both ways - for students to move to another ASEAN country and not to have difficulty being absorbed, and the other-way around...

We have to be ready also to accept other international tudents into the DepEd, he said.

(Reprint from February 19, 2014, BusinessWeek Mindanao)

in first 9 months of 2017 THE Bureau of Internal Revenue (BIR) said that its tax effort improved in first nine months of the year owing to efficiency in collections.

In a statement, the BIR reported that the agency’s tax effort rose to 14.5 percent in January to September this year from P13.7 percent in the same period in 2016.

Tax effort is the ratio between government’s tax collection and the country’s whole economy, as measured by Gross Domestic Product (GDP).

According to the BIR, the rise in tax collection during the period reflected improvements to tax administration as there was no new tax measure implemented during the period.

BIR Commissioner Caesar Dulay also committed to continue ongoing tax administration reforms to further improve revenue collections.

For November, the BIR said it collected P179.36 billion, up by 14 percent year-on-year from P157.29 billion, but below the P186.55-billion target for the month.

Collection from BIR operations last month jumped by 14 percent to P176.57 billion from P154.98 billion a year before.

In November, the Large Taxpayers Service (LTS) accounted for P114.96 billion of the total collections, which increased by 10.38 percent from P104.15 billion last tax/PAGE 9

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tue-wed|january 2-3, 2018

T

HE Villar group of companies is allotting P175 billion in capital expenditures for the next three years, as it continues to grow its various businesses on the back of a strong economy.

Villar Group founder Manuel B. Villar Jr. told reporters about 60 percent of the total capital spending will be earmarked for real estate development, while over 35 percent for its leasing and retail business.

Villar said the group would spend P50 billion this year for the development of more shopping malls and residential projects, and for expansion of its home improvement, supermarket, bakeshop and coffee shop businesses.

“We are very bullish [in the coming year] as we take advantage of the various collaborations among our companies in addition to the sustained sound Philippine

macroeconomic fundamentals,” he said.

Villar said Vista Land & Lifescapes would put up malls and residential projects in the countryside, while All Value Holdings Corporation aims to more than double the branches of Coffee Project to 45 to 50 this year.

He added branches of All Day convenience stores are targeted to reach 100 this year from the current 72 outlets, All Day supermarkets to 26

branches from 13 this year, and All Home from 26 to 28 depots this year from the current 16 branches.

Villar said it also aims to grow Georgia Academy from three schools to 13 this year to serve the growing needs of Vista Land’s residential developments, The Villar Group will also expand Golden Haven Memorial Park by doubling the number of locations from the current 14 to around 28. (PNA)

LAUNCHING of direct Manila-Toronto flights gives Philippine Airlines (PAL) a competitive advantage, an aviation market intelligence provider said.

Flag carrier Philippine Airlines launched this month its direct ManilaToronto flights, replacing previous flights operated via Vancouver. Its return flight was the first ultralong polar flight from Toronto nonstop to Manila, the first crossing of the Polar region by a Filipino airline.

“By introducing a nonstop option in the Toronto-Manila market, PAL has gained a competitive advantage

over the nine airlines that offer a one-stop product. Several of these airlines offered similar, or shorter, total transit times than PAL before PAL introduced a nonstop service,” CAPA-Centre for Aviation said on its Web site.

For the Manila-Toronto flight, PAL used a Boeing 777-300ER that crossed Canada, Greenland, the Arctic Circle, Russia, Mongolia and parts of China.

The Manila-Toronto route is now one of the 20 longest routes in the world, with a block time of 16 hours and 30 minutes on the westbound leg, and flights/PAGE 9

BOI approves P490-M sugar mill plant THE Board of Investments (BOI) has approved the PHP490 million sugar mill project of HDJ Bayawan Agri-venture Corp.

(HBAC) in Negros Oriental.

Located in a fivehectare property in Barangay Bugay, Bayawan City, Negros Oriental, HBAC's sugar mill

plant has a capacity to produce 427,050 bags of 50-kilogram bag raw sugar annually.

It will also produce 7,665 metric tons of molasses, byproduct, annually.

The operation of the sugar mill started this month employing 151 personnel.

"The establishment

of the new sugar mill plant will dramatically reduce cost of transporting sugarcane among farmers within the area by as much as PHP600 per ton," BOI Managing Head Ceferino Rodolfo said.

"Farmers will now have greater flexibity on where to send their sugarcanes for

milling," Ceferino added.

HBAC investment is part of the over PHP616 billion investment approvals of the BOI this year.

This year is BOI's largest investment approval in the past 50 years.

It also surpassed its target of PHP500 billion for its 50th anniversary. (PNA)

SCHOOL-BASED MANAGEMENT SYSTEM

By IMELDA N. CABAHUG-BAGUIO, MAEM Paniangan Elementary School Manticao District, Manticao Misamis Oriental

SCHOOL-BASED manament is an organizational approach that that expands the local school site responsibility and authority for the improvement of school performance. Ideally, it provides local mechanisms for the introduction of new approaches to education that result in enhanced outcomes and that better fill the needs of the local community.

The implementation of SBM represents a fundamental and systemic organizational change to increase the local presence of four key resources: power, information, knowledge and skills, and performance-based rewards. In schools, SBM has been approached largely as a political phenomenon involving the transfer of newer to locatl councils.

Studies of decentralization in the private sector, however, have indicated that decentralization of power is most likely to lead to performance improvement if accompanied by organizational changes that enhance the information, knowledge and skills of local participants and that align the reward system with clearly articulated desired outcomes. This policy brief recommends that states and local districts become active in creating the conditions for effective implementation of SBM For the Philippine setting,

a school-based management of education is ideal. Who else is better prepared to make decisions?

Promoting initiatives at the local level likewise promotes innovation from those who are directly involved in education.

Renown wr iter/aut hor Dr. Niceto Poblador, however, noted that while decentralization has many advantages, its downsides are easily overlooked.

“For one thing, it will exacerbate parochialism and turfism which carry the danger that local issues and concerns will take precedence over the larger interests of society and of the community. Successful implementation requires extensive networking arrangements and joint, multi-sectoral decision making. In the past, consortium arrangements and other forms of collaboration and team effort have failed,” Dr. Poblador said. There are many reasons for this: Absence of a shared commitment to a common goal Conflicting individual interests Perceptions of inequity in the sharing of effort, costs, and benefits Exaggerated self-assessment of competence (or the lack of it) Differences in status and authority which hinder meaningful debates and the free flow of information” The ab ove list anticipated problems years ago and these remain

as well with the implementation of K to 12. And the reasons cited above remain true for this school year. And adding to these challenges is a lack of clarity on what the responsibilities of the local units really are. For example, who is in charge of kindergarten teacher compensation? The local government or the Department of Education (DepEd)? DepEd is the main aracy that employs and pays kindergarten teachers. And there are LGUs hat help in the kindergarten program and provide honoraria for kindergarten teachers.

And in describing how K to 12 will be funded in the coming years, DepEd lists the following: (1) Private partners can donate through Adopta-School program that provides them a 150 percent tax rebate for their contribution. (2) Individuals and institutions can take part in the TEN Moves! Campaign to build 10,000 classrooms by donating P10 per day for ten months. (3) LGUs can follow the front- loading scheme using their Special Education Fund as collateral and the allocation as amortization. (4) For teacher items, LGUs also help by hiring qualified teachers for our public schools and paying honoraria for them.”

It is perplexing that for a huge reform such as K to 12, the funding behind the program is quite sketchy.

However, this is not surprising as there is no enabling law for K to 12.

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Vision Petron presents 2017 roster of winners

F

rom among thousands of entries that highlighted the Filipinos’ unique skills, talents, and strengths, Petron Corporation has named the winners of its 2017 student art competition Vision Petron with the theme “Tuklas Kagalingan.”

The awarding was held last November 23 at the Old Senate Hall of the National Museum.

For this year, 62 young artists from all over the country were recognized in the following categories: painting (watercolor), painting (oil/acrylic),

photography, t-shirt design, video-making, and music.

The grand prize winners in the painting category took home P70,000.00 in cash and an Abueva trophy. The runners-up, meanwhile, received P30,000.00 and a Vision Petron trophy, while the semi-finalists received P5,000.00.

In the photography category, the grand prize winners were awarded P50,000.00 in cash and an Abueva plaque, while the runners-up received P25,000.00.

Finally, in the t-shirt

Havoline gives brand new Vespa scooter to winner of True Power from Within Promo Havoline motor oils, marketed by Chevron Philippines Inc. (CPI), recently awarded Pauline Rose Temana with a brand-new Vespa scooter as the grand prize winner of its True Power from Within promo.

The nationwide promo, launched in conjunction with Michael Bay’s Transformers: The Last Knight, ran from May 1 to July 31. Caltex customers purchasing Havoline®, Delo® or Techron® Concentrate Plus promotional packs received a Transformers: The Last Knight T-shirt or microfiber towel.

Other promo prizes included 5 Bose® speakers and 10 Robinsons shopping vouchers worth

Php2400 each.

“There’s always been more to Caltex products than meets the eye. Our range of engine oils is designed to shield engine parts from harmful deposits, protecting the engine from within and delivering optimized driving performance and fuel economy with continued use. Our movie tie-up makes every journey with Caltex a more rewarding one,” said Lennard Kwek, Chevron’s Lubricant Marketing Manager for Asia Pacific.

Customers can avail of any Havoline®, Delo® or Techron® Concentrate Plus in all Caltex stations and authorized resellers nationwide.

design, video-making, and music categories, the grand prize winners each won P50,000.00 and an Abueva plaque.

All winners received a certificate and a gift pack from Petron.

The top 5 schools with the most number of entries were also recognized during the awards’ ceremonies. These are St. Louis University (Baguio), Technological University of the Philippines (Manila), Technological Institute of the Philippines (Quezon City), Eulogio “Amang” Rodriguez Institute of Science and Technology (Manila), and STI College Muñoz EDSA. Each school received a certificate, a printer, and gift bag from Petron, while the schools of the grand prize winners received a brand-new computer.

The winners were also given the opportunity to meet this year’s esteemed panel of judges led by National Artist for Painting Benedicto “Bencab” Cabrera, who served as chairman in the painting category. The other judges for painting were Jose Tence Ruiz, Raul Isidro, Felice Sta. Maria, Justin Nuyda, and Robert Besana, the grand prize winner in the oil/acrylic painting category of the first ever Vision Petron

competition, then known as Art Petron. Several years after his memorable victory in 2001, Besana returns to the competition as a judge and as a keynote speaker at this year’s awarding ceremonies.

In the video-making category, acclaimed director Laurice Guillen led the board of judges, which also included Romy Vitug, Raymond Red, and Ricky Lee. The music category, meanwhile, was chaired by renowned musician Louie Ocampo. The other judges were Barbie Almalbis, Celeste Legaspi, and Noel Cabangon.

For t-shirt design, Islands Group President

and CEO Jonathan Jay Aldeguer served as chairman alongside former Vision Petron winner Mark Andy Garcia, Jeremy Barns, and BG Hernandez.

Finally, in the photography category, top photographer Wig Tysmans headed the panel and was joined by former Vision Petron winner Paul Quiambao, Francis Abraham, George Tapan, and Edwin Tuyay.

Throughout its 17-year history, Vision Petron has won more than 150 awards from different awardgiving bodies. Recently, it bagged four awards at the 2017 IABC Philippines Quill Awards. The Vision

Petron Folio has also been inducted into the Anvil Hall of Fame for consistently winning a Gold Anvil year after year.

The winning works of the 2017 Vision Petron competition will be featured in Petron’s 2018 wall and desk calendars, as well as planners and cards. To see the complete roster of winners and their works, please visit the Vision Petron website at www.visionpetron.com.

The Vision Petron national student art competition is held annually. For those interested in submitting entries, follow the Petron Corporation Facebook page for updates.

Yamaha Club holds Riders Getaway Visayas Yamaha Motor Philippines Inc. continues to cultivate the culture of its riders with moments that strengthen their bond.

The Riders Getaway was created for that exact purpose and is divided into different legs that include the 3 major

regions of the Philippines.

The Visayas edition took 111 riders to Camp Campuestuhan Highland Resort where they enjoyed a day of fun filled activities. First it was an action filled competition in the ultimate frisbee battle. Then creativity was the name of the game for the ‘Baby Shark’ dance competition. Last but not the least, it was a total team effort for the relay that added extra difficulty because it was set on a foam swimming pool. The overall champions for the games was Team Gray and the MVP award was given to Mr. Noveh De Los Santos of All Mio Club Bacolod.

What makes this event extra special is the

experience that can’t be replaced or replicated.

Also, the miles ridden and relationships formed and revitalized will last beyond the ride. The Yamaha Rider’s Getaway will have its culminating trip on January as they head to Marawi for a mission that uplifts the Filipino Community.

THE PARTICIPATING CLUBS FOR THE RIDERS GETAWAY VISAYAS LEG: All Mio Club * Bacolod * Iloilo * San Carlos * Escalante Team Mio Soul i Negros Sniper MX Owners Club Kabankalan Mio Owners Republic Negros

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tuesday|january 2, 2018

Extension... from page 1

the crime volume here and neighboring areas by as much as 60 percent compared to previous years, local officials noted. “ The martial law implementation is the best thing that happened so far on eliminating threats of terrorism and proliferation of illegal drugs in the city,” Mayor Frances Cynthia Guiani-Sayadi said in an interview .

Showing support for martial law, a city ordinance dubbed “Discipline Hours” has been institutionalized barring Cotabateños from roaming the city streets between 10 p.m. to 4 a.m.

In t h e c it y ’s i l l e g a l drugs campaign, 316 or 70 percent of the total 479 city jail inmates were separately apprehended due to peddling and use of “shabu”, an illegal drug substance.

The city jail facility that could only house 100 detainees is excessively congested due to the 479 inmates, Senior Jail Officer 3 Neiliza Cepeda, city jail community relations’ officer, said.

A total of 411 males and 68 females are currently detained at the city jail, 37 of whom are considered high-risk inmates.

Plans for the construction of a much bigger jail facility along Malagapas district here has yet to materialize.

The Maguindanao provincial jail situated at Pedro Colina Hill, this city, is similarly congested with plans to also transfer it by next year in Buluan town of the province.

Maguindanao Governor Esmael Mangudadatu, however, remains unfazed of the swelling number of inmates at the provincial jail, citing that peace and order in the province became stable under martial rule.

“Martial law is still the best option for Maguindanao and Mindanao as a whole right now,” he said.

President Rodrigo Duterte declared martial law in Mindanao on May 23 this year following the siege on Marawi City in Lanao del Sur by combined Abu Sayyaf and Maute terror elements.

Early on, five Maute terrorists linked to the Sept.

2, 2016 Roxas night market bombing in Davao City were separately apprehended in this city.

T h o s e n a b b e d w e re Mohammad Chenikandiyil TJ Tagadaya Macabalang, Wendell Apostol Facturan an d Mu s a l i Mu st aph a .

Chenikandiyil was first detained in November last year and then released.

He was later included in an arrest order by the Department of National Defense issued by President Duterte after placing Mindanao under martial law up to Dec. 31, 2017 in response to the siege by the Maute group in Marawi.

The battle to retake Marawi by government forces from the hands of the terrorists ended on Oct.

23 following the deaths of Abu Sayyaf chieftain Isnilon Hapilon and Maute ringleader Omar Maute.

Congress, upon the request of the President, approved on Dec. 8 the extension of martial law in Mindanao throughout 2018 on efforts to sustain the momentum on eliminating lawless groups out to sow terror such as the Bangsamoro Islamic Freedom Fighters’ faction of Abu Toraife in Maguindanao and the communist New People’s Army in North Cotabato.

Only recently, a giant Chinese construction firm has expressed interest in constr ucting a mo dern airport and seaport for this city through the approval of the national government.

C it y re pre s e nt at ive s and those from the China Engineering Construction (Shenzhen) Company are set to meet early next year to discuss the proposed establishment of the city’s state-of-the-art airport and seaport.

As of October this year, city revenue collection has reached PhP130-million and is expected to hit the PhP50 million mark by yearend, compared to PhP126 million in 2016.

Aurea Yu, city business licensing office chief, said commercial establishments in the locality have ballooned to more than 3,000 in recent years. (PNA)

Assist... from page 2

however, were reported but two persons remain missing.

In Sulu and Basilan, 90 families and 443 families, respectively, were affected with no reported deaths.

Health officials in Tawitawi, meanwhile, reported they have treated 74 fishermen who were caught during the Dec. 22 – 24 onslaught of the storm on the borders of Tawi-tawi and southern Palawan in the Sulu Sea. The Cagayan de Tawi-Tawi District Hospital admitted 41 of the fishermen for severe exhaustion and dehydration.

(PNA)

Tips... from page 2

quarter or as your family needs change. Major food shortages can be a major feature during emergency situation. Planning ahead and preparing the disaster kits before calamities strike would to prevent us from additional stress when disaster strikes.

For more information on food and nutrition, contact: Dr. Mario V. Capanzana, D i r e c t o r, F o o d a n d Nutrition Research Institute, Department of Science and Technology, General Santos Avenue, Bicutan, Taguig City; telephone/ fax nos: 837-2934 or 837-3164; direct line:8391839; DOST trunk line: 8372071-82 local 2296 or 2284; e-mail: mvc@fnri.dost.gov. ph or at mar_v_c@yahoo. com; FNRI-DOST website: http://www.fnri.dost.gov.ph.

You may also like their Facebook page at facebook. com/FNRI.DOST or follow their Twitter account at

twitter.com/FNRI_DOST. (Imelda Angeles-Agdeppa, Ph. D., FNRI-DOST S&T Media Service/PIA-Caraga)

Hotline... from page 4

facilities properly equipped with sufficient power and water supplies.

These findings, according to Itchon, made it apparent that providing immediate medical and surgical services in the intermediate period after a flood needs to be more coherent and systematic.

When asked about what the government should do following her findings: Itchon, a medical doctor and concurrent associate professor of Xavier University’s college of medicine replied matterof-factly: “I don’t exactly know what our authorities in government should be doing.

I have a specific role that is conducting research studies on the effects of disasters and other natural calamities.”

Pe r h ap s t h e It c h o n findings may be considered by the Duterte administration as a wake up call, albeit unsolicited in form.

Itchon’s presentation served as an eye-opener, a relevant guidepost in the implementation of CSR initiatives among key business stakeholders particularly du r i n g c a l a m it i e s a n d disasters.

Itch on , a re n ow n e d homegrown social scientist had been a favored resource person to speak on the effects of disaster and its implications to society in several local and international climate change fora.

She leaves this key message to government to ponder: An organized, coherent, and responsive health services are vital to health disaster management efforts during natural calamities.

Stay safe. Merry Christmas and a happy new year to all! (ruffy44_ph2000@yahoo. com)

the BIR collected P1.628 trillion, up 11.93 percent against the actual P1.454 trillion in the previous year.

Last June, the interagency Development Budget Coordination Committee (DB CC) estimated that the BIR would miss their collection targets this year.

Based on the DB CC revenue outlook for 2017, BIR collection would reach P1.782 trillion this year, below the agency’s target of P1.829 trillion by 2.6 percent.

For 2018, the BIR is tasked to collect P2.005 trillion.

Rules... from page 5

Another reform eyed by the central bank is the creation of basic deposit accounts which will have no maintaining balances.

This is seen to serve as the entry point for unbanked Filipinos to finally get aboard the formal financial system.

Flights... from page 6

14 hours and 40 minutes on the eastbound leg. The nonstop flight is 4.5 hours shorter than PAL’s previous one-stop service, which had a total transit time of 21 hours on the westbound sector.

Other airlines which offer the Manila-Toronto route are Cathay Pacific Airways Limited (via Hong Kong), and China Eastern Airlines Corporation Limited (via Shanghai).

PAL plans to follow up with another polar crossing service on a longer nonstop route, over 17 hours, within the second half of 2018, from Manila to New York (JFK Airport) and from New York to Manila, using the A350.

Cause... from page 4

youths and the grassroots.

But since sports should be made inclusive, drives such as the Batang Pinoy has been in place. The country should pursue gold medals in the Olympics; nevertheless, this consuming passion for highest awards should not leave someone behind.

Prodigious players are what the country wants to nurture. Thus, every local athlete who competes for national and international games must get in touch with the likes of Evasco. ( Fo r c o m m e nt s , e m a i l lucelllarawan@gmail.com.)

Tax...

from page 5

year, but lower against the goal of P123.06 billion.

On t he ot her hand, collections by the Revenue Regions (RRs) amounted to P61.62 billion, 2.62 percent more than the collection goal of P60.04 billion.

Year-on-year, RRS posted an improvement of 21.22 percent.

In January to November,

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

0935 161 3398

CDO MAIN BRANCH DIVISORIA BRANCH 856-3344 / P & J Lim Bldg., Tiano Brothers Atty.74-53-80 Erasmo B. Damasing Bldg., Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947

#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

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The Night Stalker:

Ayala Business Club CDO, OPS give back with Kawyagan sa Marawi

T

he Ayala Business Club of Cagayan de Oro and the Oro Photographic Society recently joined hands for a two-day exhibit of Maranao arts and crafts at the Centrio Mall Activity Center on December 11-12, 2017.

Dubbed “Kawyagan sa Marawi”, the livelihood exhibit highlighted the artistry of the Maranao people to raise funds for a number of livelihood and psycho-social projects focused on the return of normalcy.

“The need to rebuild starts from building a firm base to stand on and it

OPS Volunteers led by Outgoing Pres Dr Vic Orencia (4th from left)

is imperative to focus on the needs of its citizens and livelihood projects,” said Eric Gabiana, ABCCDO Vice President. “We, the Ayala Business Club Cagayan de Oro Chapter would like to ensure that a torch remains fixed on the positive spirit of Marawi. Work has begun on a number of livelihood and psycho-social projects focused on the return to normalcy, and rebuilding not just structures, but the people, culture, and history of the city.”

“Today, we put a spotlight on the hard work, dedication and never-ending resolve of

Centerpiece of Maranao brassware, inlaid bauls & textiles from MRS Sarimanok & Antique Shop of Iligan City

Menor Sumander of MRS Sarimanok Brass & Antique Shop entertains Mayor Oscar Moreno at his baul and brass exhibits

Dolls in Traditional Maranao Attire

the Maranao,” Gabiana said. “Traditional crafting skills passed down from generation to generation, weaving a cacophony of colors to make beautiful malongs and extravagantly detailed bauls, these are the trades that refuse to be affected by the chaos and uncertainty.”

For their part, the Oro Photographic Society played a key role in the realization of the event through their walkthrough exhibit capturing the “sights and ingenuity” of the Maranao People. Dr. Vic Orencia, OPS outgoing president, shared how

their members contributed their time and talent to come up with images which were sold during the exhibit to raise funds for the project.

However, Salika Samad , who together with her husband Master Weaver Jardin runs The Maranao Collectibles , admits it is an uphill battle to sustain the traditional arts and crafts of the Maranao.

“Even before the siege started, we were already problems getting young people to get interested in continuing our traditional arts and crafts,” Samad said. “With the higher

education many young people are now getting from the Mindanao State University (where she is a graduate), many of them are more interested to pursue other careers outside Marawi City and the Lanao provinces.”

On another aspect, Jardin Samad said they have a constantly growing inventory of fabrics and textiles which many people seem to be appreciative of, but don’t buy.

Kawyagan sa Marawi exhibited hand-made bauls, brassware, handwoven malongs, and other fabrics expertly done by

Maranao artisans.

Also featured were traditional Maranao food items like the Pater, Beef Papait, Manok a Pindiyalokan, Beef Randang, Palapa, Bakas flakes, Browa, and Lokatis, which happily were all snapped up before the end of the day by enthusiastic buyers.

“Over the years, Ayala has expanded its footprint across the country, finding innovative and sustainable business solutions for some of the country’s most important challenges,” said Celerina Rosales– Amores, kawyagan/PAGE 11

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Kawyagan... from page 10

Ayala Foundation’s Senior Director for C orporate Communications.

“Beyond just harnessing the potential of new industries, Ayala has long been involved in improving the lives of Filipinos – an expression of a deeply held commitment to national development,” she added.

As the social commitment arm of the Ayala group, Rosales-Amores said Ayala Foundation has been in the business of improving lives over the past 55 years. The foundation’s goal and dream is to enable communities where people are productive, creative, self-reliant, and proud to be Filipino.

“As the official beneficiary of the Kawyagan sa Marawi, the Ayala Foundation is continues its transformation story, by reaching out and rebuilding Marawi City and its people,” Rosales-Amores said.

The Ayala Business Club of Cagayan de Oro has as its members officers and employees of companies under the Ayala Group operating in Cagayan de Oro City. It is dedicated to bring in Business Synergy, Disaster Management and Community Engagement on Education, Youth Leadership, Environment, and Health in Cagayan de Oro City.

The Ayala Business Club of Cagayan de Oro for 20172019 officers includes the following: Armand Angeles, Seda Centrio (President); Eric Gabiana, ALMI (Vice President); Kitty Tiukinhoy, Avida Land (Secretary); Rissa Daaca, Honda (P.R.O.) and Carol V. Valdez, Seda Centrio (P.R.O.) (all photos by Mike Baños, NPN)

Growth... from page 1

(this year’s growth) is a very good performance. We expect it to be sustainable,” he said.

The Philippine Gross Domestic Product (GDP) grew 6.7 percent in the first three quarters also on the back of the recovery in external demand, boosting the achievement of the government’s full-year growth target of 6.5 to 7.5 percent.

Last year, the economy surged 6.9 percent in July to September quarter, making the Philippines the second fastest after Vietnam and ahead of China, India, Malaysia, Indonesia and Thailand.

“Our macroeconomic fundamentals remain firm and stable. Inflation keep within target, and trade continues to grow. Underemployment rate also declined to its lowest level in 10 years,” said Pernia.

The Asian Development Bank (ADB) upgraded its GDP growth forecasts for the Philippines last and this year on the surge of the government’s infrastructure program.

It raised economic growth forecasts from 6.5 percent to 6.7 percent for 2017, and from 6.7 percent to 6.8 percent for 2018.

It expected the country to remain the fastest growing economy in Southeast Asia.

The Organization for Economic Cooperation and Development ‘s Economic Outlook report for Southeast Asia, China and India, also projected the Philippine GDP growing 6.6 percent this year and averaging 6.4 percent from 2018 to 2022, about 50 basis points higher than 2011 to 2015.

It expected the Philippines to remain the fastest growing economy in the Association of Southeast Asian Nations-5 (ASEAN) this year and through 2022, supported b y t h e g o v e r n m e n t ’s infrastructure push and robust domestic private spending.

ASEAN-5 also includes Vi e t Na m , I n d o n e s i a , Malaysia and Thailand.

2018 The NEDA chief expects government’s spending on infrastructure, exports and good weather will bolster this year’s economic growth.

Pernia said the “Build, Build, Build” program would boost GDP growth, which was expected to increase to 7 to 8 percent.

“We expect to spend more on infrastructure development to help improve regional connectivity and ease the cost of doing business in the country,” he noted.

Six projects, including the P37.6 billion worth of new projects, are up for deliberation this year of the NEDA Board chaired by President Rodrigo Duterte.

The three new projects include the Safe Philippines Project, the Bridge Construction Acceleration Project and the acquisition of six marine disaster response helicopters.

T he N E DA B o ard approved PHP1 trillion worth of projects so far last year, including those which would start implementation next year.

These include the Clark International Airport expansion, North-South Railway projects, Metro Manila Subway, first phase of the Mindanao Railway, Cavite Flood Control project and Kaliwa Dam project.

“There are 20 projects already approved both in terms of new and ongoing in terms of adjustments.

And then we have six more --three new (projects) and adjustments in three ongoing projects,” said NEDA Asst.

Secretary for Investment Programming Jonathan Uy. The government targets to roll out 12 to 15 more projects this year.

In t e r m s of p o l i c y, t he NEDA exp e c ts t he implementation of the Tax Reform for Acceleration and Inclusion Act (TRAIN) to fund government’s infrastructure program, boost revenue-toGDP ratio and increase the spending capacity of the average working Filipino.

President Duterte last month signed TRAIN, the first package of the government’s proposed Comprehensive Tax Reform Program (CTRP).

With the CTRP, NEDA’s

analysis shows that real gross domestic product (GDP) level will be higher by 0.5 to 1.1 percent by year 2022.

“The implementation of TRAIN is essential as it will increase the spending capacity of the average working Filipino, boost revenue-to-GDP ratio and fund government’s infrastructure and human capital investment program,” added Pernia. (PNA)

Posts... from page 1

their new pilot area.

Trailing Tier1 is the B a n g s a m o r o Te r m i n a l Services, Inc. (BTSI) that invested on a PhP129 million port related services project in Polloc Port, Parang, Maguindanao.

The BTSI undertaking is seen to provide logistics support to thriving businesses in municipalities of Maguindanao and neighboring Cotabato City.

Other big ARMM investments this year are the water treatment plant and bu l k water supply project (PhP40 million) of Mactan Rock TGV Builders Corporation in Maguindanao; general cargo vessel with a capacity of 494 metric tons (MT) providing shipping services to traders in TawiTawi (PhP 33.5 million) of J. Sayang Shipping Lines, Inc.; and aquamarine cold storage and fish processing facility (PhP32 million) of Abing Seafood Cold Storage, also in Tawi-Tawi.

Lawyer Ishak Mastura, RBOI chair and managing head, said a total of 1,877 jobs are expected to be created from the projects registered in 2017.

He added that agriculturebased projects are still the most in demand among investors in the region based on the investment proposals they received for 2018.

“We also foresee projects related to infrastructures, energy, as well as, banking and finance linked to rebuilding war-ravaged Marawi City,” Mastura stressed.

He noted that the regional investment thrust is aligned to the ARMM Investment Priorities Plan (IPP) for 2017-2019 that was approved

by President Rodrigo Roa Duterte. (PNA)

Warns...

from page 1 an evacuation center in Iligan City, where hundreds of displaced families from Marawi City are staying.

The selling and buying for consumption or resale of the DSWD’s food packages and other relief supplies that are intended for distribution to disaster victims is prohibited under Republic Act 10121 or the Phil. Disaster Risk Reduction and Management Act of 2010.

Per latest data from the DSWD-10, the region has 53,120 displaced families, 51,278 of whom are homebased. Of the total number of IDPs, 1,842 families are living in 33 evacuation centers.

More than half a million residents left their homes in Marawi following the war government troops waged against the combined extremist forces of the Maute Group, Abu Sayyaf and Bangsamoro Islamic Freedom Fig hters. The fighting lasted for almost six months leaving in its wake destroyed properties

Republic of the Philippines SUPREME COURT REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE File No. EJF-2017-374

Upon Extra Judicial Petition for Sale under Act 3135 as amended by Act No.4118. Filed by HOME DEVELOPMENT MUTUAL FUND (Pag-IBIG Fund), a government financial institution duly organized and existing under and by virtue of Republic Act No. 9679, with principal office at The Atrium of Makati, Makati Avenue, Makati City, and with branch office at Pag-IBIG Fund Bldg., J. R. Borja St., Cagayan de Oro City, against RIO Q. BALABA, Single, of legal age, Filipino citizen, with postal address at Lot 2, Blk. 5, Bellevue, Upper Carmen, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of September 13, 2017 amounts to ONE MILLION THREE HUNDRED THIRTY SEVEN THOUSAND THREE HUNDRED TWO PESOS and 97/100 (1,337,302.97) Philippine Currency, inclusive of interest and penalty charges, exclusive of attorney’s fees and other necessary fees and expenses of Extra-Judicial Foreclosure and Sale the undersigned Sheriff will SELL at Public Auction on January 22, 2018 at 10:00 o’clock in the morning or soon thereafter at RTC Branch 40, 2nd Flr., Goldridge Bldg., Mastersons Ave. cor. P.N. Roa Ave., Upper Carmen, Cagayan de Oro City, to the Highest Bidder, for CASH and in Philippine Currency, the real property mortgaged together with all improvements thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. 137-2016000217 Registered in the name of RIO Q. BALABA Lot Portion of Lot As Surveyed for Land Use Location Boundaries

Area

: Lot 2, Blk. 5, PSD-10-058579 : Lot 1, PCS-10-004054 : Bellevue : Residential : Carmen, Cagayan de Oro City : SE., Line 2-3-4 by Road Lot 20 (10.00 M. Wide ) SW., Line 4-5 by Road Lot 1 (10.00 M. Wide ), NW., Line 5-1 by Lot 4, NE by Line 1-2 By Lot 1, Both Blk. 5 : ONE HUNDRED FIFTEEN (115) 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, December 15, 2017.

FOR THE PROVINCIAL EX-OFFICIO SHERIFF:

(SGD.) ALAN M. BANAAG Sheriff IV

and hundreds of lives lost.

DSWD-10 information officer Jamila Taha said they first received reports of looting of food packs during the distribution of goods at the public covered court in Barangay Tubod, Iligan, on Dec. 9.

Men were seen loading packed items in waiting vehicles, Taha said. According to the information received by the agency, these relief goods were then sold to unsuspecting consumers elsewhere.

Last month, she said, authorities seized about 1,617 fake Dafacs from IDPs during the food pack distribution.

Some IDPs were said to be in possession of more than one card.

Sommayah Manaleseg, campaign officer of Tindeg Ranao, an organization of Maranao evacuees from Marawi, said many of the IDPs have admitted to selling donated food packs.

“They are not denying it.

And we cannot blame them.

It’s a manifestation of the desperation of the evacuees,” she said in a phone interview Thursday.

Manaleseg said the IDPs have no choice but to sell some of the food items and

use the money they earned for their other needs.

“Even the Department of Health said that the IDPs’ diet of NFA rice and canned goods is unhealthy. They knew that the DSWD has not allowed it (selling and buying of food items), but they also need cash for their other needs,” Manaleseg added.

What the IPDs need, she said, is for the DSWD to have a sustainable cash assistance program so they won’t be forced to sell their donated food packs.

EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND

Notice is hereby given that the intestate of estate EUFEMIO M AAN D IG & PRESOSA MAANDIG both died at Bulua, Cagayan de Oro City; That the said deceased, at the time of their death, left a Parcel of Land situated in BULUA, CAGAYAN DE ORO CITY; Tax Declaration No. G-150846; containing an area of 0.1109 SQUARE METERS, MORE OR LESS; EUFEMIO MAANDIG & PRESOSA MAANDIG is the subject of EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND; is made and entered among; ANTONIO MAANDIG, LOLITA MAANDIG GUIRAL, GORGIA MAANDIG SANTOS, EDENA MAANDIG PRESORES, BERLINA MAANDIG NANGKIL (both married), and CELESTINO MAANDIG (deceased), rep. by his son: BILL D. MAANDIG, all of legal age, Filipino citizens, all married, with residence and postal address at Zone 8, Bulua, Cagayan de Oro City, hereinafter referred to as the HEIRS/SELLERS/VENDORS; and JULITO SILOT PAJUELAS, likewise of legal age, Filipino citizen, married to ROSARIO PAJUELAS, with residence and postal address at Ceanuri Village Subd., Tominobo Proper, Iligan City, hereinafter referred to as the BUYER/VENDEE; That for and in consideration of the sum of TEN THOUSAND PESOS ONLY (Php 10,000.00) Philippine Currency, receipt of said amount is hereby acknowledge by the SELLER/ VENDOR after the amount is paid in hand by the BUYER/S or VENDEE/S the SELLER/S or VENDER/S hereby SELL, CEDE, TRANSFER and CONVEY the above-described properties ONLY A PORTION OF TWO HUNDRED (200) SQUARE METERS, more or less in favor of the BUYER or VENDEE his/her heirs, assigns or successors-in-interest, free from any liens and encumbrances, free from any third-party claimant whomsoever and the same is nontenanted. Under Notary Public of Atty. EMELITO J. MARQUINO; Doc. No. 438; Page No. 87; Book No. XIV; Series of 2017.

Notice is hereby given that the intestate estate of PORFERIA TACBAS ACUNO, who died on June 05, 1998 at AMOROS, EL SALVADOR CITY, MISAMIS ORIENTAL; That the said deceased, at the time of their death, left a Parcel of Land situated in AMOROS, EL SALVADOR, MISAMIS ORIENTAL; TCT No. T-25437; A PARCEL OF LAND (Lot 7674-B, Psd10-022823, being a portion of Lot 7674, Cad-237, Cagayan Cadastre) situated in the Barrio of Amoros, Mun. of El Salvador, Prov. Of Misamis Oriental, Island of Mindanao. Containing an area of THIRTY THREE THOUSAND SIX HUNDRED FORTY TWO (33,642) SQUARE METERS, more or less.

PORFERIA TACBAS ACUNO is the subject of EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND; is made and entered among; LUISA ACUNO FABRIA (widow), LOURDES ACUNO FABRIA (widow), VERGINIA ACUNO FABRIA (widow), FELIPE ACUNO FABRIA (single), EUSEBIO ACUNO FABRIA (deceased) rep. by: HERMOHENIS G. FABRIA, JR. (single), all of legal age, Filipino citizens, with residence and postal address at Amoros, El Salvador, Misamis Oriental, hereinafter referred as the HEIRS/SELLERS/VENDORS; BONN JAYNUS A. LORA, of legal age, Filipino citizen, single, with residence and postal address at #286 Jose Velez St., Apovel Subd., Bulua, Cagayan de Oro City, hereinafter referred to as the BUYER/VENDEE; That for and in consideration of the sum of TWO HUNDRED FIFTY THOUSAND PESOS ONLY (Php 250,000.00) Philippine Currency, receipt of said amount is hereby acknowledge by the SELLER/VENDOR after the amount is paid in hand by the BUYER/S or VENDEE/S the SELLER/S or VENDER/S hereby SELL, CEDE, TRANSFER and CONVEY the above-described properties ONLY A PORTION OF FIVE THOUSAND EIGHT HUNDRED FIFTY FIVE POINT FIVE (5,855) SQUARE METERS, more or less, LOT NO.: 7674B-4 in favor of the BUYER or VENDEE his/her heirs, assigns or successors-in-interest, free from any liens and encumbrances, free from any third-party claimant whomsoever and the same is nontenanted. Under Notary Public of Atty. EMELITO J. MARQUINO; Doc. No. 428; Page No. 85; Book No. XIV; Series of 2017.

BWM: Dec. 20, 27 & Jan. 3, 2018

BWM: January 3, 10 & 17, 2018

EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND

BWM: Dec. 20, 27 & Jan. 3, 2018

12

BoybandPH marks their first year in entertainment during the Vivo Mall Tour at Starmall in Alabang

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

tue-wed|january 2-3, 2018

BoybandPH celebrates first anniversary with Vivo All Screen Experience Mall Tour Well-loved Filipino all-male group BoybandPH recently celebrated their first anniversary as a band last December 9, a Sunday, at the Vivo All Screen Experience Mall Tour in Starmall

Alabang.

BoybandPH is composed of Russel Reyes, Niel Murillo, Ford Valencia, Tristan Ramirez, and Joao Constancia, five talented young men who pursued their dreams and became the first winner of the ABS-CBN musical reality show, Pinoy Boyband Superstar December last year.

BoybandPH has since landed huge projects and endorsements including an offer to be part of the Vivo Family as the brand’s influencer.

BoybandPH was officially unveiled as a Vivo influencer last September during the grand launch of the Vivo V7+.

As Vivo’s influencer, BoybandPH recently jetted to Bacolod to lead the brand’s mall tour and press

conference.

When asked what their favorite part of the tour was in the City of Smiles, the band was unanimous in saying that it was the Bacolodnon food that they enjoyed the most.

BoybandPH released their self-titled debut album early this year featuring their hit single “Unli”. As a gift for the first 300 Vivo V7 | V7+ users, BoybandPH’s album was given to them as an exclusive, limited gift from Vivo.

For inquiries about Vivo, visit the Vivo website at www. vivo.com/ph or check out their Facebook (https://www. facebook. com/VivoPhil), Instagram (https://www. instagram.com/ vivophil/), and Twitter (https:// twitter.com/vivo_ phil) accounts

Ecstatic fans at BoybandPH’s first year anniversary flocked to Starmall Alabang for the Vivo Mall Tour featuring the all-male group.

BoybandPH takes a groufie with a wild crowd of fans using a Vivo V7+ smart phone