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BusinessWeek Mindanao (January 22, 2020)

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BusinessWeek M I N DA N A O CREDIBLE

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Briefly Minimal impact THE Taal Volcano’s eruption has so far had a minimal impact on the economy as the government starts laying down the groundwork for the rehabilitation of the affected areas, a ranking official of the socioeconomic planning agency said Monday. “We don’t see it having a major effect unless there will a violent eruption,” National Economic and Development Authority (NEDA) Undersecretary for Regional Development Adoracion Navarro said in a press briefing. Navarro said some establishments in Tagaytay City have begun operating again.

IN-DEPTH

Wednesday|January 22, 2020

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By ERCEL MAANDIG, Reporter

HE groundbreaking for the $4-billion integrated steel mill to be established in Misamis Oriental will be set in March this year, the chief of the Phividec Industrial Administration (PIA) said Monday.

MOA Signing. Signing of the memorandum agreement to lease the 305-ha property of Phividec for the $4-B integrated steel mill by a Chinese consortium. (L-R) Huili Fund Philippines President Jun Hou; Phividec Administrator Atty. Franklin Quijano; Misamis Oriental Gov. Yevgeny “Bambi” Emano as witness; and Simple Homes CEO and President Robertino Pizarro.

Lawyer Franklin Quijano said the groundbreaking will be spearheaded by the Cagayan de Oro Chamber of Commerce and Industry (Oro Chamber) under its new president, Robertino E. Pizarro. Quijano called on all

stakeholders in Mindanao to support the project, which will be located in the Tagoloan town side of the governmentown industrial estate. Pizarro described the steel mill as the country’s biggest single investment, expected to spur economic

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activity in Mindanao to "an unprecedented level". "Preparations for the groundbreaking event are now taking shape in coordination with various stakeholders and partners of the project," he said. This first Mindanao Integrated Steel Mill i nclu d e s C h i n a’s t h re e leading companies -Huili Fund, Baowu Steel Group Corporation Ltd (China Baowu), and China Metallurgical Group Corporation’s subsidiary, CISDI Group Co Ltd. (CISDI). STEEL/PAGE 11

M’danao organic rice set for export to US market By ANTONIO L. COLINA IV, MindaNews

Lesser poverty THE National Economic and Development Authority (NEDA) expects the country’s poverty rate to be halved by the end of the current administration’s term in 2022. “This would be the first time in history that the poverty rate will be halved in just six years, a significant contribution and achievement of this administration,” Socioeconomic Planning Secretary Ernesto Pernia said in a statement. This is in line with the more ambitious target reduction of poverty incidence to 11 percent from the original 14 percent by 2022, which was approved in the previous meeting of the Development Budget Coordination Committee.

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DAVAO City -- Mindanawon farmers will start the initial shipment of organic rice to the United States next month, Mindanao Development Authority (MinDA) assistant secretary Romeo Montenegro

said on Monday. He told MindaNe ws that there is an ongoing preparation for the trial shipment of 500 bags of organic rice at 50 kilos per EXPORT/PAGE 11

SCAVENGING. A young resident looks for recyclable items from a sack of household wastes in a facility in Villanueva, Misamis Oriental. mindanews photo by froilan gallardo

Tampakan mining extended for 12 years By BONG S. SARMIENTO, MindaNews

KORONADAL City -- Set to expire on March 21, 2020, the 25-year Financial and Technical Assistance

Agreement (FTAA) awarded to the Tampakan project, has been extended for 12 years – or until March 21, 2032 — in

an order issued June 8, 2016 but known only recently. Sagittarius Mines, Inc. (SMI) is developing the Tampakan project, Southeast MINING/PAGE 11

‘LARAY’. The “laray” market in Maitum, Sarangani province comes alive before daybreak every Thursday as farmers and entrepreneurs from the locality and nearby towns sell their produce at the town plaza. This “laray” on January 16, 2020 gives market-goers a wide array of crops, spices and fruits to choose from, freshly picked from local farms. photo by beth n. ramos

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WEDNESDAY|JANUARY 22, 2020

1.7K nurses tapped for 2nd anti-polio drive in NorMin

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HE Department of Health in Northern Mindanao (DOH10) has deployed more than 1,700 registered nurses for the national anti-polio vaccination drive from January 20 up to February 2. Dr. Ian Christian Gonzales, DOH-10 chief for Infectious and Communicable Diseases Unit, said that health workers from different local government units (LGUs) will augment the

department's workforce during the vaccination drive. Volunteer groups and other civic organizations willing to help are also welcome, Gonzales said, as long as they will coordinate with respective local health units. Gonzales vowed they will comply with the directive of the DOH national headquarters to ensure that no child should be missing the mass polio vaccination.

"This second round of vaccination, we will include places of convergence such as terminals and malls where we will put up stations," he said. Last year, DOH-10 recorded around 534,000 children administered with anti-polio vaccines during the first round. "With the help of the Philippine Statistics Authority, we can have a projection of how many children present in each

locality," he said, adding they will employ intensive fieldwork to cover as many children as possible.

Meanwhile, the local government of Cagayan de Oro said it has directed all its departments and

personnel to make the anti-polio vaccination campaign a success. (PNA)

MinDA to ship halal food via PAL's Zambo-KK maiden flight DAVAO City – The Mindanao Development Authority (MinDA) said it will ship halal products during the inaugural flight of Philippine Airlines' (PAL) Zamboanga–Kota Kinabalu air route on March 31. In a statement on Friday, MinDA Secretary Emmanuel Piñol said among the Mindanaoproduced halal food products the agency

intends to send include chevon, beef, and mango. “MinDA is now coordinating with the Philippine Airlines Express (PAL Express) management for the inaugural flight through its Corporate Communications Group headed by Carlo Carongoy,” Piñol added. Carongoy earlier thanked MinDA through Piñol for supporting the

re-establishment of the air connectivity between Zamboanga and Kota Kinabalu. MinDA aims to optimize the new route by bringing in more business and trade interests by organizing trade and business missions, Piñol said. “The agency is also organizing an agri-trade delegation to explore other agricultural supply opportunities for Mindanao products, especially those coming from the Bangsamoro Autonomous Region,” he said. The revival of the route is seen to boost economic and trade activities in the sub-region. “MinDA will be arranging packaged tours between Mindanao and Sabah to sustain the air service,” Piñol added. “We will also promote the shipment of goods like fruits such as Cavendish HALAL/PAGE 11

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WEDNESDAY|JANUARY 22, 2020

Alsons starts building hydro-power plants T HE power group of Alsons Consolidated Resources, Inc. (ACR) has started the construction of its 14.5-megawatt (MW) run-of-river hydroelectric power plant at the Siguil River basin in Maasim, Sarangani province, it said on Sunday. Alsons expects the P4.5billion project to begin operations in 2022 to provide power to Sarangani, South Cotabato, and General Santos City. “In the next few years, in terms of the number of power facilities, renewable energy will constitute the largest segment in Alsons Power’s

portfolio,” said ACR Chairman and President Tomas I. Alcantara in a statement. Alsons, which claims to be Mindanao’s first and most experienced private sector power generator, plans to develop at least seven more run-of-river hydro-power facilities in different parts of Mindanao and Negros Occidental. It said the next two hydropower facilities in the group’s pipeline are the 38-MW Sindangan hydro-power plant in Zamboanga del Norte and the 42-MW Bago hydro-power plant in Negros Occidental. Once completed and operational the hydro-power

plants will make up the bulk of the company’s power facilities. Aside from the hydro plants another project in Alsons power’s pipeline is the 105-MW San Ramon Power, Inc. baseload coal-fired power plant in Zamboanga City, which is set to begin operations in 2023. “SRPI will soon select the plant’s engineering procurement and construction contractor,” the company said. Alsons’ power group operates four power facilities in Mindanao with a total generating capacity of 468 MW serving more than 8 million people in 14 cities and 11 provinces.

More supplies of N95 masks to arrive next week: DTI A MEDICAL consumables manufacturer has assured the Department of Trade and Industry (DTI) that there will be more supplies of N95 masks. The DTI said the mother company of Medtecs International Corp. Ltd abroad will be supplying 400,000 pieces of FFP2-N95 masks that

are set to arrive next week. “The public should not worry as DTI is working to ensure the supply of reasonably-priced N95 face masks will be made available to the public to protect them from the ashfall generated by the Taal Volcano eruption,” DTI Secretary Ramon Lopez said.

Medtecs’ Bataan facility has two million pieces of N88 surgical masks that are ready for distribution in the market. Medtecs chief financial officer and director Wilfrido Rodriguez vowed the company is not increasing the price of their N95 masks, which is sold at PHP60 per piece.

The company has already donated a total of 12,000 pieces of N95 masks and 500,000 pieces of N88 surgical masks to affected areas of Taal Volcano eruption through DTI regional offices. The recent donation of Medtecs included 2,000 pieces of N95 masks and 100,000 pieces of N88 surgical masks. (PNA)

2,153 billionaires wealthier than 4.6B people LAST year, 2,153 billionaires from around the world were richer than 4.6 billion people, a new report from UK-based charity Oxfam said on Monday. The report, named Time to Care said: "Economic inequality is out of control. One percent of the world’s richest have more than twice as much wealth as 6.9 billion people." During the last decade, the number of billionaires has doubled -- 2,153 -- the report revealed. The world's richest 22 men's wealth was over than all African women in the last year, it underlined. The report also warned about extreme poverty in the world, saying: "Almost half of the world’s population lives on less than USD5.50 a day." It said: "At the top of the global economy, a small elite are unimaginably rich. Their wealth grows exponentially over time, with little effort, and regardless of whether they add value to society." The report stressed that especially women and girls

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face poverty in the world. Women work 12.5 billion hours daily for free and their efforts are "essential" for the world, the report stressed. "Oxfam has calculated that this work adds value to the economy of at least USD10.8 trillion," it added. Amitabh Behar, Oxfam's India CEO, said: "They [women] spend billions of hours cooking, cleaning and caring for children and the elderly. Unpaid care work is the ‘hidden engine’ that keeps the wheels of our economies, businesses and societies moving."

The report proposed that governments must establish a new and human-based economy. It asserted that superrich people are avoiding paying their taxes up to 30 percent. Mentioning inequality between men and women globally, it said: "Men own 50 percent more wealth than women." The report offered a 0.5 percent additional tax on the richest people's wealth over the next decade for meeting investment need to generate 117 million new jobs in some sectors -- elderly and childcare,

education, and health. Behar said: “The gap between the rich and poor can't be resolved without deliberate inequalitybusting policies, and too few governments are committed to these.” “Our broken economies are lining the pockets of billionaires and big businesses at the expense of ordinary men and women. No wonder people are starting to question whether billionaires should even exist,” he added. Oxfam's report was created based on the Credit Suisse Global Wealth report. (Anadolu)

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Bite your tongue Think a minute…Imagine you walked into a room and all the people in it were gossiping about you! They were criticizing your personality as well as things you’ve done. What would you do? Would you say : “Thank you so much for being such true friends and telling me these things.” I doubt it! None of us likes to be criticized or gossiped about. So why do we do it? You know what we’re doing when we gossip and criticize others? We’re actually trying to make ourselves look better than that person. And it’s easier for us to look better when we make the other person look bad. But when we criticize others, what we really do is lose our own size in other people’s eyes! When we put others down we’re showing our own small, bad heart and character. Think about it! How much actual good does all that criticizing and gossiping do? For our family and community? It really does no good whatsoever! It only hurts and sometimes even

THINK A MINUTE

WEDNESDAY|JANUARY 22, 2020

Unlimited time off

Critics say giving workers unlimited time off can actually deter them from taking holidays - so are minimum leave policies the answer? An interesting question by BBC-author Maya Yang... . It reminds me on my own. For example, I decided to stop teaching. I found out, that from month to month, I really got only very limited time for myself and my family. In 2014, the leadership at social media management company Buffer noticed something odd. Despite an unlimited leave policy i mp l e m e nt e d i n 2 0 1 2 , employees were barely taking any holidays. To encourage people to take more time off, Buffer – which employs remote workers globally, primarily in the US and Europe –

introduced an incentive: a $1,000 annual holiday bonus to each employee (and an additional $500 per partner or family member). It was a roaring success. In fact, it was too successful, costing the company too much money. Buffer pulled the plug on the policy in June 2016. Later that year, Buffer changed tack: instead of offering unlimited leave, it decided to strongly encourage employees to take a minimum of 15 work days off per year. Using an online planner, e mpl oye e s i nput l e ave requests and HR personnel track the number of days people take off via a collective calendar. Buffer’s minimum leave policy is unusual, even for a tech company. Unlimited time off is a much more common perk among start-ups and

other tech firms – but despite the name, unlimited leave can feel like anything but. Often, workers are at the mercy of their workloads, managers and company culture, a situation which can discourage people to take a fair amount of leave. C ould insisting that people take a minimum number of days off be a better way to ward off burnout? Well, maybe. Talking again myself: I am in the great situation deciding about my days off and and a maybe unlimited time off. Just to avoid a burnout... . How about millions of Filipino workers? It's interesting to know, that every country in the European Union is required by law to offer at least four weeks of paid holiday, with varying accrual policies per

HAVE MY SAY

KLAUS DORING country (Austria takes the lead with 35 days of annual paid holiday). Similarly, in New Zealand, employers must provide employees with at least four weeks of paid holiday, not including public holidays or sick leave. Philippines is much more different. Yes, I know... . While still staying in Germany, I had the pressure of UNLIMITED/PAGE 9

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PROF. ENRIQUE SORIANO What do the likes of Philippine conglomerates SM Group, Ayala Corp. and Alliance Global have i n c om m on w it h t h e i r Indonesian (Salim Group), Singaporean (Singapore Te l e c o m s ) a n d T h a i counterparts (CP Group)? They have extremely talented professionals and board members singularly focused in pursuing growth in their respective industries and still keen observers of their director’s fiduciary duty completely. The title of this article perfectly defines what a

fiduciary duty means from a Board of Directors (BOD) level perspective. The word was drawn from the Latin term fiduciarius or fiducia meaning confidence and trust. In the pecking order of things, the fiduciary duties of a director rank highest in any governance initiated event regardless whether the enterprise is a closed or a publicly listed corporation. What then is the role and responsibilities of a director? This is a serious and important question directed to warring family members who are wondering why the business is in a state of suspended animation due to infighting, distrust and betrayal amongst siblings (and cousins). My answer is straightfor ward, as a family member-director, understanding your re sp ons i bi l it i e s s h ou l d always be your first task. And your primary role is to “ensure the company’s p r o s p e r i t y, s t e e r t h e

organization’s future by adopting sound, ethical, legal governance and financial management policies with the objective of enhancing long term stockholder value.” The cause of all these s e ns ele ss d is ag re e me nt is due to the “culture of control and secrecy where the family tries to do it all.” totally ignoring corporate rules related to governance. In many instances where the dysfunctional family continues to cast an overarching shadow over the business, directors will never be effective and the B OD will end up being relegated as a “paper board.” What are the qualities that a director must possess for him or her to be appointed or elected to the board? · Competence · Professional Experience · Network · Integrity But over and above these

qualities, the director must also embrace a decisionmaking mindset focused on his or her single minded loyalty to the company. Thes e de cision-ma k ing parameters should never be confused with the director’s relationship with other shareholders and fellow directors. Not even if the director and shareholder is one and the same. Directors must understand that a company is a different entity. Some of its powers may be exercised by the BOD, while certain other powers may be reser ved for the shareholders like the Annual Stockholders Meeting (ASM). In general, if the policy and directional making powers of management are vested on the directors, then they and they alone can exercise these powers. What then comprises the fiduciary duties of a dire c tor? Cu l ling f rom my SID SMU directorship LOYALTY/PAGE 9

The hoopla and solemnity JHAN TIAFAU HURST destroys people, building walls of anger, hate, and distrust between people. You see, criticizing and gossiping is a bad habit like swearing. It keeps us busy and gives us something to talk about. But the habit of gossip will poison your heart and attitudes. So at the end of the day, it actually gives you a bad name and character. But today, you can quit your bad habit of criticizing and gossiping. Just ask Jesus Christ to forgive you and take charge of your heart and character. Let Jesus start changing the way you think and feel toward other people. Then instead of BITE/PAGE 9

G i v e n o u r n at u r e a n d condition, we cannot help but get into modes of noisy excitement and silent, intimate solemnity whenever we have some celebration. We are both body and soul, material and spiritual. We, of course, have our human nature, but one that is oriented to the supernatural. We are individual persons but also a social being, unavoidably m e a nt t o e nt e r i nt o a growing web of relations. It is because of these aspects of our life that we cannot help but get involved in some hoopla and solemnity whenever we celebrate a big feast, as in those of the Black Nazarene and the Sto. Nino. We just hope that both modes of behavior spring from the same spirit of faith, hope and love of God and of everybody else. Otherwise,

we get into an anomalous condition of inconsistency that will be detrimental to us. Thus, it is a challenge and a task for us to attain t h i s c o n s i s t e n c y, t h i s unity between the hoopla and the solemnity of our celebrations. Yes, we have to be as solemn as possible when we pray, when we e s t abl i s h , n ou r i s h an d develop our relation with God who is the source of all good things meant for us. (cfr. James 1,17) But given the fact that we are also a social being, such relation with God which should be a cause of great joy, can and should be expressed with some festivity and hoopla. It is our way of sharing the same joy with everybody else. And we express it in an external, social and human way according to our earthly

condition. In the Bible, there are countless instances where these festivities were done. The only qualification to be made is what St. Paul once said: “Let us therefore celebrate the festival, not with the old leaven, the leaven of malice and evil, but with the unleavened bread of sincerity and truth.” (1 Cor 5,8) The proper way therefore to celebrate is when things star t with prayer, with our effort to relate the celebration to God, thanking him for the occasion. That’s when our celebrations would be “with the unleavened bread of sincerity and truth.” Thus, we have to see to it that our own personal prayers should be maintained all the time. But there is also a liturgical prayer that involves and unites us in

HINTS AND TRACES

ROY CIMAGALA the living prayer of Christ and the Church, that is, of everyone else. These prayers should be done as solemnly as possible, directing our whole mind and heart to God through Christ in the Holy Spirit. We should not forget that prayer is our personal encounter with God. It is as necessary as breathing and the beating of the heart. Without it, we cannot go far SOLEMNITY/PAGE 9


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WEDNESDAY|JANUARY 22, 2020

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BSP: Slight impact on inflation, GDP seen due to Taal eruption

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ANGKO Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said he had expected that the eruption of the Taal Volcano will have a limited impact on the domestic economy’s growth this year. In a briefing Friday, the central bank chief said while the National Capital Region (NCR); Cavite, Laguna, Batangas, Rizal and Quezon (Calabarzon); and Central Luzon account for a big chunk of the country’s expansion, only Batangas is most affected.

“I think NEDA (National Economic and Development Authority) has already made an assessment and so with the absence of any assessment on our part, we’ll go along with NEDA and it’s not going to affect too much both the inflation and the growth path,” he said. Taal Volcano erupted on January 12 and generated ashfall that reached as far as some parts of Laguna, Cavite, and Metro Manila. Alert Level 4 is still raised over Taal Volcano but Diokno said the

government is planning to downgrade this to Alert Level 3 after the volcano quieted for some days now. The central bank chief also noted that the impact of the eruption on agriculture has been limited since the whole economy’s size is about PHP18 trillion. “When I was asked about this, three days ago, I said it’s too premature for their speculation. So let’s not give some numbers because we don’t know. The volcano eruption is so unpredictable. Maybe tomorrow, it will

normalize already or it could be for a long period. So we don’t know,” he added. In terms of inflation rate, monetary officials have forecast that the rate of price increases would normalize this year from the low rates last year. Based on the assessment of the policymaking Monetary Board last December, average inflation is seen to be about 2.9 percent this year, which will be at the lower half of the government’s 2 percent to 4 percent target band. (PNA)

Planned Euro bond issuance gets investment grade ratings MAJOR credit rating agencies have given the Philippines’ planned benchmark Euro bond issuance investment grade ratings. In a statement Monday, S&P Global Ratings said it has assigned a ‘BBB+’ rating on the country’s planned issuance. “The notes represent direct, general, unconditional, unsecured,

and unsubordinated obligations of the sovereign, and rank equally with the sovereign's other unsecured and unsubordinated debt obligations,” it said. Fitch Ratings gave the planned issuance an expected rating of ‘BBB’. “The expected rating is in line with the Philippines’ Long-Term

Foreign Currency Issuer Default Rating (IDR) of ‘BBB’ with Stable outlook,” it said. On Monday, National Treasurer Rosalia de Leon said they have tapped four banks - - UBS, Citi, Standard Chartered, and Credit Suisse-- for the planned bond issuance. De Leon said they have started the investor calls Monday to check

on market conditions but clarified they have done the indication in terms of tenor both for three and nine years. She added they decided to announce the planned Euro bond issuance instead of the dollar bond because “obviously, you have to look at some strategy in assessing market conditions.” RATINGS/PAGE 11

Diokno: Structural reforms to fuel 'A' level credit rating bid A STRUCTURAL reform is seen to boost the Philippines' chances of having an ‘A’ level credit rating within two years. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno made this remark in a briefing Friday as he identified the factors that would fuel the likelihood of improvement in the

country’s credit rating, such as tax reforms and the changes being pursued by the central bank. Among the reforms that the BSP is implementing is the latest change in the central bank charter, which, among others, allows it to issue debt paper. The BSP is also

pushing for continued digitalization of the payments system and the implementation of Islamic Banking. Diokno said with these factors, it is “doable” for the domestic economy to post a 7-percent growth this year, within the government’s 6.5 percent to 7.5 percent target band.

“As long as the national government is able to implement the ‘Build Build Build’ program, I think the road to ‘A’ strategy can be accomplished in two years’ time. I’m very optimistic,” he added. In April 2018, Standard & Poor’s (S&P) upgraded its outlook REFORM/PAGE 11

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

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

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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

Environment

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WEDNESDAY|JANUARY 22, 2020

Alima installs new OIC, CENR Officer of CENRO Talakag J

Bukidnon OIC, Provincial Environment and Natural Resources Officer Vergilino P. Alima (2nd for right) turns-over the key of responsibility to the incoming OIC, Community Environment and Natural Resources (CENR_ Officer Arnulfo T. Osio (right). The turn-over ceremony was witnessed by Assistant Regional Director for Technical Services Aldrich S. Resma (Center). The outgoing OIC, CENR Officer of Talakag Leonardo R. Buted (2nd from left) is set to retire from government service in February 2020. Also in photo are OIC, CENR Officer of Manolo Fortich, Bukidnon Virgilino Batocael (4th from left) and CENRO Talakag Administrative Officer Renato R. Cabaraban (left). Jayson M. Ligtas

ANUARY 13, 2020 is officially the first day of work for the new OIC, CENR Officer Arnulfo T. Osio in Community Environment and Natural Resources Office Talakag, Bukidnon. Before he was designated as OIC, CENR Officer of Talakag, Forester Arnulfo T. Osio is the Focal Person of Integrated Natural Resources and Environmental Management Project (INREMP) of Bukidnon Upper River Basin (BURB) and Lake Lanao River Basin (LLRB) for six years. He replaced CENR Officer Leonardo R. Buted who retired from government service after 41 years in the Department of Environment and Natural Resources. During the

turnover ceremony, Assistant Regional Director for Technical Services Aldrich S. Resma mentioned that Regional Executive Director Arleigh J. Adorable said “January is the best time for turnover because it is the time to disseminate tasks and targets for the entire year”. He shares that “Retirement” essentially means the time to leave the workforce. But it doesn’t mean becoming inactive, nor stop working. A person might retire form a job and take up another. Retirees have a wealth of experience and for those who have good health often find ways to share their knowledge. Some will volunteer to help others start a business or support a charity. For ARD TS CENRO/PAGE 9

Albay village execs told to abide by waste management policies By MIKE DELA RAMA

THE Municipal Environment and Natural Resources Office (MENRO) here has warned all barangay captains against nonadherence to the strict implementation of waste management programs, particularly the "no segregation, no collection" policy. Henry Jacob, MENRO chief, in a meeting with chairpersons of the 54 villages on Friday, said there is no exemption as far as the full implementation of Republic Act 9003 or the Ecological Solid Waste Management Act is concerned. "We are all required to make sure that in every

barangay, we have the materials recovery facility (MRF)," he said. Jacob said communities should be disciplined on garbage disposal and violators, including barangay officials, must be penalized for negligence. He said the barangays of Malabog and Busay were adjudged as models for 100 percent compliance with environmental solid waste management policies. He also said their goal is to make all villages compliant in fulfillment with their promise in the 10-year municipal solid waste management plan. Jacob called for regular environmental

inspection in every subvillage and the conduct of information and education campaign among villagers. He added that the Department of the Interior and Local Government municipal office is regularly monitoring the compliance with RA 9003. Meanwhile, he alerted the barangay captain of Miisi, which is located along the slope of Mayon Volcano, regarding the rampant illegal quarrying in the area. "We will act on it immediately and file charges against those responsible. Our main concern this time is to prevent the possible lahar f lows towards populated areas due to continuous quarrying," he said. (PNA)

WASTE MANAGEMENT. Municipal Environment and Natural Resources Office (MENRO) chief Henry Jacob, (in blue shirt) presides over a waste management meeting with 54 barangay captains of Daraga, Albay on Friday, Jan. 17, 2020. He told the local officials to strictly abide by the Ecological Solid Waste Management Act, particularly the waste segregation policy. (Photo courtesy of the Office of the Mayor, Daraga)

Ship Carrying 2,400 Tons of Illegal Waste Imports Sails to South Korea THE container ship carrying the 2,400 metric tons of illegal waste shipments to be returned to South Korea had finally left the Mindanao International Container Terminal (MICT) in Tagoloan, Misamis Oriental. After staying for some 19 months at the Verde Soko compound at the Phividec Industrial Estate in the town of Tagoloan, the illegal waste imports from South Korea left the MICT port early this morning aboard MV Nordmarsh as confirmed by the Bureau of Customs-Region 10 (BOC-10) to the EcoWaste Coalition. The remaining 2,700 tons of South Korean waste are expected to be shipped back on February 9 after being repacked and

transferred from the Phividec facility to the MICT stockyard. BOC-10 Port Collector John Simon reported that the government of South Korea shouldered the shipping cost amounting to P10 million in keeping with the “Basel Convention on the Control of Transboundary Movements of Hazardous Wastes and their Disposal” of which both the Philippines and South Korea are state parties to. Article 9 of the Basel Convention states that “in case of a transboundary movement of hazardous wastes or other wastes deemed to be illegal traffic as the result of conduct on the part of the exporter or generator, the State of export shall ensure

that the wastes in question are taken back by the exporter or the generator or, if necessary, by itself into the State of export.” “We are breathing a sigh of relief now that the first batch of the contaminated plastic waste wrongly declared as ‘plastic synthetic flakes’ has departed,” stated Aileen Lucero, National Coordinator, EcoWaste Coalition, which has participated in multistakeholders’ meetings attended by South Korean government representatives to resolve the issue. "Kudos to our vigilant customs, environmental and local government officials in Misamis Oriental, and to the Filipino people, for remaining steadfast in our shared duty to protect our

country from the illegal traffic of hazardous wastes and other wastes," she said. “We hope the next reexportation schedule for the remaining 2,700 tons of unlawful waste shipments would be the final one, and that both South Korea and the Philippines would take bold and resolute steps to prevent the recurrence of illegal and immoral waste trafficking,” she emphasized. ‘We particularly urge the governments of South Korea and the Philippines to strengthen their commitments as parties to the Basel Convention by ratifying the Basel Ban Amendment,” she added. The Basel Ban Amendment, which entered into force on

December 5, 2019, prohibits member states of the Organization for Economic Cooperation and Development (OECD), the European Union (EU), and Liechtenstein from exporting hazardous wastes to developing countries or countries with economies in transition. “To protect human health and the environment, upstream and downstream and prevent environmental injustice, in particular in developing and transition countries, all Basel Parties should ratify (the amendment) at the earliest possible date,” according to a primer published by the Basel Action Network (BAN) and the International Pollutants Elimination Network (IPEN).


7

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WEDNESDAY|JANUARY 22, 2020

LTFRB 10 takes a step towards PUV modernization

LAND Transportation Franchising Regulatory Board (LTFRB) regional director Aminoden Guro urged operators to shift to modern public utility vehicles (PUV) as PUV modernization program of the government to start on June 2020. In Talakayan sa PIA at SM City Cagayan de Oro, Guro said this is a huge

first step to lessen traffic incidents in the region. He added that 95 percent of PUVs in the region are included in the group to be phased out. “PUVs that more than 15 years will be phased out starting June 2020. There is a Department Order that we need to replace the dilapidated PUJ’s because STEP/PAGE 9

Duterte’s pro-poor projects push NPAs to surrender, top rebel commander says MALAYBALAY CITY, Bukidnon -- Couple Renante Tumbalang alias “Jigger” and Resylyn Pardo aka “Jamby,” leaders of the Communist Party of the Philippines-New People’s Army (CPP-NPA) of Guerilla Front 6 (GF6) who surrendered Thursday to Valencia City local officials said President Duterte’s projects for the poor pushed them to surrender. “Jigger,” 37, from

barangay Nacabuklad, San Fernando town is the commander of GF6’s Front Operational Command, while his wife “Jamby,” 28, of barangay Namnam in the same town is the GF6 Secretary and strategist who is in command in radicalizing new members. Their Command covers the city of Valencia and six other towns, specifically San Fernando, Kitaotao, Maramag, Don Carlos, SURRENDER/PAGE 9

DTI launches Bangon Marawi pop-up store

I

LIGAN City -- In its effort to provide assistance to Maranao entrepreneurs affected by Marawi siege, the Department of Trade and Industry (DTI) launched a pop-up store

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL SUR 12TH Judicial Region BRANCH 10 Hall of Justice, Marawi City IN THE MATTER OF CORRECTION OF THE CERTIFICATE OF LIVE BIRTH OF HAYBONISH WAPERI ABDULLAH under LCR Registry No. 98-576

SPEC.PRO.NO.ML-724-2019

HYBONISH WAPERI ABDULLAH, Petitioner - Versus – THE LOCAL CIVIL REGISTRAR OF MARAWI CITY, LANAO DEL SUR and THE ADMINISTRATOR and CIVIL REGISTRAR GENERAL OF THE PHILIPPINE STATISTICS AUTHORITY, Respondents. X----------------------------------------------------------x

ORDER

Before this court is a verified petition for Correction of certificate of Live birth of Hybonisah Waperi Abdullah dated October 29, 2019 and which read in part: 1.

Petitioner is of legal age, Filipino, married, and resident of resident of 048 Dayawan, Marawi City, Lanao del Sur where she may served with notice and other court processes;

2.

Respondent Civil Registrar of Marawi City, Lanao del Sur, is the custodian of all records of birth in Marawi City, where he/she may served with summons and other court processes;

3.

Respondent Civil Registrar General and Administrator of Philippine Statics Authority is the central custodian of all records of birth in the country and may be served with orders and other court processes at the NSO bulding, East Avenue, Diliman, Quezon City;

4.

Petitioner was born on 12 April 1986 at Dayawan, Marawi City, Lanao del Sur, and consistently using and reflecting 12 April 1986 as her date of birth and HAYABONISAH as her first name, as evidenced by petitioner’s College Transcript of Records ( T.O.R), NBI Clearance, MSU Alumni I.D., and Voter’s I.D.,copies are attached as Annexes “A”, “B”, “C”, “D” and “E”, respectively;

5.

When the petitioner secured a Security Paper (Secpa) of her Certificate of Love Birth from the Philippine Statics Authority (PSA), she discovered that her date of birth was erroneously written as 12 April 1998 instead of 12 April 1986 and her first name as HAYBONISA instead of HAYBONISAH a copy of said Certificate of Life Birth under Registry No. 98-576 is attached as Annex “F”;

6.

It is impossible for the petitioner to have been born on April 1998 because she graduated in elementary in the year 2003, high school in 2007, and college in 2013, which is impossible because she would only be 5 years old, 9 years old and 15 years old, respectively, in those times;

7.

This petition is filed without any slightest intention to defraud or prejudice the government or any person, its ultimate purpose is to rectify erroneous entries in the public records of the Civil Registry of Marawi City, specifically under Registry No. 98-576;

8.

Petitioner submit that nobody will be prejudiced by granting this petition nor is there a pending case filed against her;

Finding the aforesaid petition to be sufficient in form and substance, it is hereby Ordered that the same be set for hearing before this court on January 30, 2020 at 8:30 o’clock in the morning.

Let a copy of this Order be published at the expense of the petitioner in a newspaper of general circulation in Lanao del Sur or Marawi City or iligan for three (3) consecutive weeks.

The Local Civil Registrar of Marawi City and the Philippine Statics Authority, or any person who has interest in the petition, may file his/her opposition thereto within fifteen (15) days from notice of this petition or this petition or from the last day of publication of this Order.

Further, let this Order be posted for fifteen (15) days prior to the date of hearing in the bulletin Board of Civil Registrar of Marawi City and Bulletin Board of this Court, at the expense of the petitioner. The petitioner is directed to notify this court of the publication of this Order not later than three (3) days before January 30, 2020.

Furnish copies of this Order, together with the copies of the petition to the local civil registrar of Marawi City, the Hon. Solicitor General, Makati City, and the Hon. Civil Registrar General, Philippine Statistic Authority (PSA), Sta. Mesa, Manila. SO ORDERED Marawi City. December 17, 2019.

BWM: January 8, 15 & 22, 2020

WENIDA B.M PAPANDAYAN Presiding Judge

at Greenhills Mall in San Juan City, Metro Manila. In partnership with the Ortigas & Company, operator of Greenhills Shopping Center, the pop-up store showcases various Maranao arts

and crafts such as baur (chest), langkit (traditional Maranao weave), sundang (sword), malong landap (enclosed skirt), among others. “Being the lead agency of the Subcommittee on Business and Livelihood of Task Force Bangon Marawi (TFBM), DTI aims to revive the affected business and livelihood in Marawi through pop-up stores,” said UndersecretaryAbdulgani Macatoman of DTI Trade and Promotions. The pop-up store is open during mall hours from Monday to Sunday until June 23, 2020. To recall, Maranao

products were also displayed and sold in several trade fairs such as the 68th Manila Fame at the World Trade Center, Sikat Pinoy Arts and Crafts at the SM Megamall in Mandaluyong City and other OTOP Philippines Hub. A pop-up store will also be launched at UP Town Center in Diliman Quezon City. As of December 31, 2019, DTI has distributed a total of 31,992 assorted Livelihood Starter Kits to qualified internally displaced persons- micro entrepreneurs. These include 4,294 sewing sets, 10,000 sari-sari STORE/PAGE 9


8

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WEDNESDAY|JANUARY 22, 2020

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL SUR 12TH Judicial Region BRANCH 10 Hall of Justice, Marawi City IN THE MATTER OF THE PETITION FOR CORRECTION OF ENTRIES IN THE FIRST ISSUED CERTIFICATION OF LIVE BIRTH OF MOUMINA SHERYNE L. DOMADALUG WITH LOCAL CIVIL REGISTRY NO.87-58 on her first name (From “MoominaAslia II” to “MouminaSheryne”, First name of her father (from ‘Alinor to Alinoor”), Middle name of her father (from “Domadalug” to “Ampian”), and last name of his father (from “Ampuan” To Damadalug”),

SPEC.PRO.NO.ML-730-2019

AND IN THE MATTER OF THE PETITION FOR CANCELLATION OF THE SECOND CERTIFICATE OF LIVE BIRTH MOUMINA SHERYNE L. DOMADALUG WITH LOCAL CIVIL REGISTRY NO. 2002-1823, MOUMINA SHERYNE DOMADALUG, PETITIONER, -VersusTHE LOCAL CIVIL REGISTRAR OF MARAWI CITY;PHILIPPINE STATISTICS AUTHORITY;AND ALL PERSONS/ENTITIES WHO/WHICH MAYBE AFFECTED THEREBY,, Respondent. x---------------------------------------------------------------------x ORDER Before this court is a verified petition for Correction of Certificate of Life Birth and Cancellation of Second Certificate of Live Birth of Moumina Sheryne L. Dumadalug dated November 6, 2019 and which read in part: 1.

Petitioner is a legal age, married to Mohammad Rayan M. Abdullah, Filipino Citizen, a lawyer by profession and a resident of Brgy. Sta. Elena, Iligan City whereas respondent Local Civil Registrar of Marawi City (“LCR-Marawi City” for brevity) is a public officer in-charge of the registration and cancellation/correction of entries on the civil registrar where the facts of birth of petitioner was registered which registrar is located at Marawi City while respondent Philippine Statics Office (“PSA” for Brevity) serves as the central respository of all registered vital documents with office address at Philippine Authority, East Avenue,Quezon City, Metro Manila;

Petitioner may be served with summons, notices and other process of the Honorable Court in her office address at MACAAN & PARTNERS LAW OFFICE, 3/F Dream Star Building, Badelles St. corner Actub st., Poblacion, Iligan City, Lanao del Norte, Philippine while respondents may be served with court order and other court processes at their above indicated address;

2.

Petitioner was born on January 22, 1987 at Marawi City and was issued upon late registration in 2002 by her deceased grandmother Hadja Sahara Ampuan, a certificate of live birth by herein respondent LCR-Marawi under Local Civil Registry No. 2002-1823.Due to clerical error on the first name of petition therein (“Moumina Siteryne” instead of “ Moumina Sheryne”) a petition for correction was filed by her in the LCR- Marawi City sometime in October 2013 which petition is still pending up this date;

Attached is a photocopy of certificate of live birth with Local Civil Registry No. 2002-1823 mark as “A” to form an integral part hereof;

3.

In December 7, 2018, petitioner got married to Mohammand Rayan M. Abdullah, an OFW in the State of Kuwait. Since petitioner – upon request if her husband – decide to follow the latter to Kuwait for vacation and go on Hajj ( Islamic pilgrimage to Mecca, Saudi Arabia), petitioner went to the LCR-Marawi City to inquire about her petition so that she can process her application for passport and visa but she was told that for some reasons (allegedly an internal conflict), the records of the LCR-Marawi City in 2013 in unavailable and they cannot verified whether her petition has been granted or whether the same has indeed been forwarded to the PSA. Petitioner was then advised to secure a SECPA at PSA-Iligan City to see if there is already an annotation of correction;

4.

When petitioner requested for a SECPA of her Certificate of Live Birth, she was told that there is no longer a Certificate of Live Birth in the PSA database issued to one “Moumina Sheryne Lucman Domadalug” or one “MouminaSiteryne L. Domadalug”. Petitioner told the personal in PSA office in Iligan City that in the past, she was able to secure a copy of her SECPA with the erroneous entry. She was advised to request for a copy online whice petitioner did;

5.

To her surprise, petitioner received a copy of a Certificate of Live Birth with Local Civil Registry No. 87-58 issued to one “MouminaAsliaLucmanAmpuan II” with practically the same details in the other entries as with the Certificate of Live Birth she was using except the following erroneous entries:

Entry No. 1 First Name: Moumina Aslia II Instead of “Moumina Sheryne” Last Name: Ampuan Instead of “Domadalug”

60 container van nga basura, gibalik na sa South Korea

K

AHINUMDUMAN niadtong milabayng tuig, nahimong kontrobersiya sa mga kaatbang sa pulitika ni Gobernador Bambi Emano ang isyu sa basura nga nakasulod sa Misamis Oriental nga gikan sa South Korea pinaagi sa pribadong pantalan sa lungsod sa Villanueva. Ang consignee, Verde Soko nga adunay planta sulod sa Phividec compound. Apan maayo na lang, daling nabantayan sa gobernador, ug niadtong Enero 19, 2020, adunay 60 ka container van nga puno sa basura nga gibalik ngadto sa South Korea. Tungod sa hadla nga kadaut nga dala sa maong basura, daling naghangyo si Gobernador Emano sa mga miyembro sa Sangguniang Panlalawigan aron mahimoan sa ordinansa alang sa pagpabalik sa “hazardous waste” ngadto sa South Korea. Dunay ceremonial re-exportation nga gipahigayon sa Mindanao International Container Terminal (MICT) sa

Petitioner called her father who resided in Magalang, Pampanga as to why she has another birth certificate and the latter said he did not know about the prior Certificate of Live Birth that is why he asked his mother who was, at that time, residing in Marawi City to apply for petitioner’s late Registration of Live Birth which registration was duly registered as Certificate of Live Birth with Local Civil Registry No. 2002-1823;

Unbeknownst to both petitioner and her parents, a prior Certificate of Live Birth with Local Civil Registry No. 87-57 has already been issued to her prior to the issuance of the Certificate of Live Birth she has been using in her scholastic and employment records;

7.

Petitioner inquired again with the LCR-Marawi about the case and was told that the Certificate of Live Birth she has been using may have already been deleted. She was further advised that she inquire personally at the PSA central office about the matter;

8.

Sometime in January 2018, petitioner went to the Central Office in Metro Manila and there, she was told by the personnel in-charge that indeed, her second Certificate of Live Birth may have already been deleted and that her remedy is to bring the necessary petition in the proper Court to judiciary correct the erroneous entries in the first Certificate of Live Birth issued to her and the cancellation of the second one, if not yet cancelled. Hence, the instant petition;

9.

Petitioner has been publicly known in her community by the name MOUMINA SHERYNE LUCMAN DOMADALUG using the same in all her personal and professional transactions. However, her first name MOUMINA SHERYNE was erroneously entered MOOMINA ASLIA II, while her name was erroneously entered AMPUAN, her paternal grandmother’s maiden surname, instead of DOMADALUG;

Copies of petitioner’s DIPLOMA in high school, her TRANSCRIPT OF RECORDS in her undergraduate degree as well as in law school, her CERTIFCATE OF MEMBERSHIP IN THE PHILIPPINE BAR, and her MARRIAGE CERTIFICATE, is hereto attached as Annexes “C”, “D”, “E”, “F” and “G” all form as an integral part hereof

10.

Petitioner is the second child of ALINOOR AMPUAN DUMADALUG. The name ALINOOR AMPUAN DUMADALUG (as appearing in the second issued Certificate of Live Birth of petitioner) is one and same ALINOR DOMADALUG AMPUAN erroneously stated in the entry no. 9 of petitioner’s first issued Certificate of Live Birth. Due to simple inadvertence, petitioner’s father first name “ALINOOR” was erroneously entered “ALINOR” while “AMPUAN”, his middle name was entered in the space for last name and his last name “DUMADALUG” was erroneously entered as his middle name.

Hereto attached is the AFFIDAVIT OF ONENESS OF PERSONALITY executed by ALINOR A. DUMADALUG mark as Annex “H” to “H-8” to attest that the entries in Entry No. 9 has been erroneously entered as ALINOR DOMADALUG AMPUAN instead of ALINOOR AMPUAN DUMADALUG;

11.

Due to erroneous entries in the first Certificate of Live Birth of petitioner and the alleged cancellation of her second Certificate of Live Birth, petitioner has been deprived of several scholarship opportunities abroad and international seminars beneficial to her career as a lawyer. Most importantly, she has been unable to go on Hajj or Islamic pilgrimage to Mecca by reason of her lack of necessary requirements specifically a Certificate of Live Birth to process her Passport and Visa Application;

12.

In order to correct the aforementioned erroneous entries in the Certificate of Live Birth of the petitioner MOUMINA SHERYNE LUCMAN DOMADALUG under Local Civil Registry No. 78-58 the instant petition is being filed to correct substantial error pursuant to rule 108 of the Revised Rules of Court;

Finding the aforesaid petition to be sufficient in form and substance, it is hereby ordered that the same be set for hearing before this court on January 30, 2020 at 8:30 o’clock in the morning.

Let a copy of this Order be published at the expense of the petitioner in a news paper of general circulation in Lanao del Sur or Marawi City or Iligan City for three (3) consecutive weeks.

The Local Civil Registrar of Marawi City and the Philippine Statistics Authority, or any person who has interest in the petition, may file his/her opposition thereto within fifteen (15) days from notice of this petition or from the last day of publication of this Order.

Further, let this Order be posted for fifteen (15) days prior to date of hearing in the Bulletin Board of the Civil Registrar of Marawi City and Bulletin Board of this Court, at the expense of the petitioner.

The petitioner is directed to notify this Court of the publication of this Order not later than three (3) days before January 30, 2019.

Furnish copies of this Order, together with the copies of the petition to the Local Civil Registrar of Marawi City, the Hon. Solicitor General, Makati City, and the Hon. Civil Registrar General, Philippine Statistics Authority (PSA), Sta. Mesa, Manila.

SO ORDERED.

Marawi City. December 17, 2019

BWM: January 8, 15 & 22, 2020

WENIDA B.M. PAPANDAYAN Presiding Judge

araw na ito," saysay pa ni Bureau of Customs port Collector John M. Simon. Bisan tuod gipasanginlan sa iyang mga kaatbang sa pulitika nga maoy responsable sa pagpasulod sa basura dinhi sa Misamis Oriental, apan wala magpatarog si Gobernador Bambi Emano, inay iyang gipakita nga walay luna dinhi sa lalawigan ang basura nga maoy hinungdan sa kaparutan sa iyang programa sa turismo.

Search for Little Mr. and Miss Kalikasan 2019 MARICAR MONZALES-CEBALLOS Teacher I Balubal Elementary School Balubal, CDO

Entry No. 9 Father’s Middle Name: Domadalug Instead of “Ampuan” Father’s last name: Ampuan Instead of “Domadalug” 6.

Tagoloan, Misamis Oriental, niadtong Enero 19, alang sa 60 ka container van nga adunay sulod 2,400-tonelada o 2.4 milyon ka kilo nga basura. Tipik pa lang kini sa tonetoneladang basura nga kinahanglan ibalik ngadto sa ginikanan niini. "So these are the documents that will prove that this shipment of 60 container vans na nakikita po ninyo at ito po ang dokumento na nag uutos na e-load siya ngayong

AS part of the culmination of Science Month, the Balubal Elementary School has organized a pageant entitled Search for Little Mr. and Miss Kalikasan 2019. The activity aims to develop the confidence of students and make them aware of the importance of using recycled materials in promoting style and beauty.

The search started with the production number of the contestants and fashion show. Each student had their own favorite candidates whom they wished to win. After that, the select Grade 5 and Grade 6 students presented intermission numbers. The candidates were from Grades 1 to 3 and vied

for the titles Little Mr. and Miss Kalikasan 2019. One of the criteria of the contest was to depict the 3Rs – reduce, reuse and recycle. John Dwine Seekts of Grade 2 – Maagap and Loraine Mae Batiancila of Grade 2 – Masaya bested 22 candidates and were hailed as this year’s Little Mr. and Miss Kalikasan.

Merry Child School is the champion in the teachers category of the Talk 'N Text Hiphop Dance Competition held last Sunday (January 19, 2020) at SM City Cagayan de Oro. photo provided


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WEDNESDAY|JANUARY 22, 2020

Bite...

Solemnity...

competing with them and seeing them as a threat, even your enemy, you’ll start wanting to understand and care about them. The last thing you’ll want to do is hurt them with your criticism and gossip. So why not ask Jesus to come in to your life today? Only He can change your heart and the things you talk about every day for the rest of your life. Just Think a Minute…

as a child of God. It should never be left behind in all our celebrations, whatever the situation we may find ourselves in. But since our celebrations are rooted on our love for God, they also have to be shared with others. That’s because loving God will always involve loving others. That’s when festivities and the hoopla that accompany them enter into the picture. If we have the proper understanding of what really takes place in a celebration, we would know how to combine the solemnity that a celebration requires and the hoopla and the festive atmosphere that it will always involve. Let us train ourselves to establish an organic link between the solemnity of the prayer and the liturgical service involved in a feast, and the hoopla, the festive atmosphere that comes quite naturally. These two should mutually help each other. The solemnity of the celebration should inspire the hoopla, and the hoopla should lead us back to the solemnity of the occasion. One without the other can mean a disaster to us. This is the challenge we have to tackle. A lot of catechesis should at least be done in this regard.

from page 4

Unlimited... from page 4

needing to prove myself and the mentality that I shouldn’t take many days off. Most often, it’s up to management to create a culture where workers feel comfortable taking leave, says Sir Cary Cooper, an organisational psychology professor at the University of Manchester. Many bosses lack the social and perceptive skills to detect employee burnout and remind ambitious employees of the importance of taking breaks. Creating choices? Why not. While minimum leave policies don’t operate solely on ‘trust’ placed in employees, it’s not a model that is feasible for all companies – for those with tens of thousands of employe es, tracking individual and collective leave, let alone scheduling individual holiday check-ins and reminders, would be very difficult to scale. +++ Email: doringklaus@gmail. com or follow me in Facebook, Linkedin or Twitter or visit my www.germanexpatinthephilippines.blogspot.com or www. koausdoringsclassicalmusic. blogspot.com.

Loyalty... from page 4

notes (Singapore Institute of Directorships-Singapore Management University), these are the: · Duty to act honestly · Duty to act in good faith · Duty to exercise reasonable diligence
 · Duty to exercise care, skill & diligence and · No Conflict of interest and · No Personal gain In my years of family business coaching and resolving conflicts, the most common problem affecting companies is always about conflict of interest (COI). The fundamental question that needs to be resolved is: Can family members (and in laws) do business with the business? Let us start with common COI cases: You are the CEO, director and shareholder of a company and the board has authorized you to source for a contractor to construct plants in different locations. With this information, you immediately commissioned your wife’s family, who are in the contracting business, as general contractor. Your argument is that in laws can be trusted. Does this constitute COI? To be continued…

from page 4

CENRO... from page 6

Resma, it is to spend more time for his family. Welcomed by his coCENROs and Provincial Environment and Natural Resources Officer of Bu k idnon, OIC, CENR Officer Osio quoted that “B eing a government employee may not make us financially rich but the fulf illment is w hen we achieve our targets and goals as a team”. He also stressed that the officers and staffs of CENRO Talakag will expect changes under his management. Jayson M. Ligtas #TayoAngKalikasan (OTH-2020-01-001)

Step... from page 7

of the accidents that happen on the road,” Guro explained. Meanwhile, the Land Transportation Office region 10 (LTO) will support the program. LTO Information Officer Ferdinand Flores said the mo d e r n i z at i on w i l l b e beneficial to the commuters as well as to the environment. “We do have a responsibility to our environment and we believe that the PUV modernization project is one way of fulfilling our environmental responsibility since there would be a smoke emission roadside inspection and it would give convenience to the commuters with the available accessibilities that the modernization has to offer,” Flores said. Educating the operators is an important step for the efficiency of the program.

Camcer “Cheng” Ordoñez from the Office of Transport Cooperatives (OTC) gave emphasis on the importance of educating the people who will be involved in the process. “In the modernization, all of the PUJ’s must have passed the Cooperative Education and Transport Operation Seminar (CETOS) and they cannot be accepted by the Cooperative Development Authority (CDA) or by the Transport Cooperative unless they undergo the seminar. We will immediately provide the endorsement,” Ordoñez said. The Public Utility Vehicle Modernization Program was launched by the Department of Transportation of the Philippines in 2017, with the goal of making the country's public transportation system efficient and environmentally friendly by 2020. The program calls for the phasing-out jeepneys, buses, and other Public Utility Vehicles that are at least 15 years old and replacing them with safer, more comfortable and more environmentallyfriendly alternatives over the next three years. (Jack Deniel V. Castillano PIA-10/Intern)

Store... from page 7

store vending sets, 3,000 bakery business sets, 1,000 school supplies sets, 3,030 carinderia store sets, 11,135 bigasan vending sets, 51 popcorn making vending sets, 121 carpentry tools set, and 68 masonry and tiles setting tools starter kits. For 2020, DTI plans to distribute livelihood starter kits namely: 11,796 Sari-sari store vending kits, 10,900, school supplies starter kits and 3,600 e-loading business kits. DTI has also turned-over 14 Shared Service Facilities to Marawi cooperatives. (LEAntonio/PIA10) *Photos from Raisa Taher

Surrender... from page 7

Dangcagan, and Quezon. “We are losing ground because people started to notice the progress of projects President Duterte has done in their respective barangays such as setting up of health centers in remote areas, construction of roads and bridges, road widening and expansion, among all other government programs where the poorest of the poor are all counted in,” Jamby said. In a press conference, she recounted their ease of recruiting “Lumad (native)” folks in previous years because no government agencies tried to visit the areas involved in their movement. “Previously, we can easily sway our Lumad brothers to join in our group. But when President Duterte ordered to implement the ELCAC (End Local Communist Armed Conflict) program, the barrio folks felt the government is getting closer and cares for them. Newly paved highways eased the farm-to-market deliveries of their harvests. Our supporters, therefore, started to

fall off. Eventually, they [mass base] withdrew their support to our group,” Jamby said. Five other NPA leaders also surrendered along with the couple, namely Shairyl Pardo aka ‘MG’, platoon group squad leader, Sentro de Grabidad; Roger Gonzales aka ‘Narra,’ platoon group team leader; Regine Pardo aka ‘Raya,’ platoon leader, Sandatahang Yunit Pampropaganda (SYP5); Angelito Tundag aka ‘Grob,’ Vice Commanding Officer, SYP5; and Mark Jason Pardo aka ‘Rassk’, platoon officer, Sentro de Grabidad. Asked who initiated their surrender, Jamby quickly said, “We came out on our own because we realized it was futile to pursue our cause.” In fact, Jamby repeatedly apologized to those she may have done wrong in the course of her being an NPA top officer then. The 7-man NPA leaders surrendered to Valencia City mayor Azucena Huervas and congressman Rogelio Neil Roque thru barangay Banlag councilor Saliezer Dejos. Brigadier General Edgardo De Leon, 403rd Brigade Commander said the surrender of Front Secretary is a very significant breakthrough of the Task Force ELCAC (End Local Communist Armed Conflict) efforts. He said Guerrilla Front 6 in Bukidnon is in the brink of collapse, pointing to the continued surrender of topranking NPA leaders and the fall of several members as indicators. “Joma [Jose Maria Sison] is singing his own praises. The rising number of Guerilla Fronts that Joma boastfully claimed is now waning. Jamby revealed that 18 KRBs (Kilusang Rebolusyonaryong Barangay or CPP ‘shadow government’) that she personally established in Bukidnon were dismantled due to the people’s withdrawal of membership in their “KalMas (Kalihokang Masa)” and “Sanga sa Partido sa Lokalidad (SPL),” BGen. De Leon said. Jamby and Jigger, along with their five comrades, were presented by Valencia City officials to Gov. Jose Ma. Zubiri Jr as Provincial Chairman of the Enhanced Comprehensive Local Integration Program (ECLIP) Committee. After thorough profiling, the Provincial Social Welfare and Development Office will determine the package of assistance that would suit the needs of these FRs (former rebels), which the military now calls “Kauban sa kalinaw ug kalamboan.” Major General Franco Nemesio Gacal, 4ID Commander commended the 403rd Brigade, the 88IB, and the local government unit of Bukidnon for winning the peaceful war. "Our war is not focused on winning battles through the barrel of guns. Ours is a peaceful war involving communities in conflict-affected areas. We, together with local leaders and our constituents, join hands and commit to battle land issues, poverty, and other problems through dialogue with the right people, organization, and agency,” MGen. Gacal said. (RLRBalistoy/PIA Bukidnon)


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WEDNESDAY|JANUARY 22, 2020


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Steel...

Export...

Mining...

China Baowu, the new technical partner to operate the steel mill, currently ranks first in China and second in the world as the largest steel producer measured by crude steel output, he added. China Baowu is poised to employ its state-of-art, green and intelligent technology in this steel project. First to signify its support to the realization of this steel plant was Rolando Torres, executive director of the Mindanao Business Council (MinBC). To r r e s s a i d M i n B C supports the Oro Chamber and all other business groups in Mindanao "to make things happen for this project to accelerate the economic development of Mindanao." On the other hand, former S ecretar y on the Peace Process Jesus Dureza has also expressed his backing for the steel plant, saying it will mean more progress in Mindanao. Meanwhile, the Crusade for Clean Government (CCG), a volunteer watchdog against corruption in government, has urged Malacañang to monitor the mega project, which is seen to generate an initial 10,000 jobs. C C G l e a d c onve nor Ruffy Magbanua sees the need to "establish safety nets to ward off corrupt local officials prying on the fat investments of the largest integrated steel mill ever to be built in Mindanao." He did not elaborate. “For transparency, CCG will work in alliance with the Oro Chamber and other we l l - m e an i ng bu s i n e s s organizations to see to it that corruption is completely out in all transactions. As the pet project of the President (Rodrigo Duterte) takes shape very soon, we will not allow the Hanjin experience to happen again in this biggest single investment in Mindanao," Magbanua said. During the time of thenPresident Gloria MacapagalArroyo, it can be recalled that South Korean giant Hanjin transferred its shipbuilding facility in Subic, Zambales, from Phividec because of reported bickerings among local officials who had vested interests in the project. Hanjin eventually declared bankruptcy early last year due to “serious financial trouble.” (PNA)

bag produced by farmers of North Cotabato-based Don Bosco Multipurpose Cooperative, which owns the Bios Dynamis brand. He said there is a huge demand for organic rice in the US due to the “high health-consciousness of the Americans.” The official said they hope to begin regular shipment by April this year, with rice supply coming from the provinces of South Cotabato, North Cotabato, Sultan Kudarat, and Davao del Sur. M i n DA h a s y e t t o determine the actual number of farmers involved in the export to the US but estimated that it would involve around 300 hectares of farmland planted with organic rice. To support rice production, Montenegro added that a sorghum development program had been piloted in Davao del Norte, implemented in partnership with a USbased company, Scott Seeds, which will be propagated later on in several areas across Mindanao, including SOCCSKSARGEN and Bangsamoro Autonomous Region in Muslim Mindanao. According to Montenegro, sorghum is a “drought tolerant cereal grains that grows like corn, it has very rich protein content and can be used as human food, feed grains for poultry and hogs, or silage for small ruminants.” He explained that Davao del Norte was chosen as a pilot area for the sorghum project to provide banana farmers there affected by the Fusarium wilt or Panama disease and the Lumad farmers within the ancestral domain areas with an alternative source of income. S org hum is us ed as feedstock to support the cattle and poultry production in Davao del Norte and BARMM areas, while North Cotabato will export organic rice to the US, spreading “income opportunities across Mindanao regions and based on the natural capacities and endowments of the areas,” according to Montenegro. “MinDA believes that massive sorghum farming can address poverty situation, and also contribute to food security of the island,” he said. Montenegro added that a large part of the support from MinDA will be concentrated on rural agricultural development this year.

A s i a’s l a r g e s t k n o w n undeveloped copper and gold reserve. FTAA No. 002-95-XI was originally granted to Australian firm Western Mining Corp. (WMC) on March 22, 1995. SMI acquired the FTAA from WMC in 2001 with the approval of then Environment Secretary Heherson Alvarez. The FTAA is subject for renewal for another 25 years, but long before its expiry, SMI SMI sought and was granted a 12-year extension of the original FTAA, citing “force majeure,” a copy of the order obtained by MindaNews showed. MindaNews repeatedly requested SMI for an interview – by phone and visits to their offices — since January 11 – but SMI has yet to respond. L e o Ja s a r e n o, t h e n national director of the Mines and Geosciences Bureau (MGB), an agency under the Department of Environment and Natural Resources (DENR), approved the extension on June 8, 2016 “by authority of the secretary.” The DENR secretary at the time was Ramon Paje. The extension was granted three weeks before Davao City Mayor Rodrigo Duterte, then already President-elect, was to take over the Presidency from Benigno Simeon Aquino III on June 30, 2016. “Force majeure” “Whereas, thru a letter dated May 11, 2016, SMI requested for a 12-year extension of the term of FTAA No 02-95-XI (Amended) to restore the equivalent period of time lost due to force majeure in view of the various problems it is encountering in the contract area, which have prevented it from fully pursuing its operations therein, such as the legal conflicts, the ban on open-pit mining, the issuance of the CLOAs (Certificate of Land Ownership Awards), peace and order problem and delays in government approval,” Jasareno’s order stated. Jasareno cited DENR Administrative Order 201021 defining “force majeure” as “acts or circumstances b e yond t he re as onable cont rol of cont rac tor,” underscoring the following circumstances in the SMI case: rebellion, insurrection,

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civil disturbance, blockade, sabotage, any dispute with surface owners, and adverse action by government. It added that the cases filed against the FTAA, the provincial government of South Cotabato’s passing of an ordinance in 2010 banning open pit mining, the method that will be employed by the Tampakan project, and the issuance of CLOAs within the contract area “are determined to be acts beyond reasonable control of SMI or Force Majeure.” Force majeure, it said, is a “justifiable cause” for the extension of the FTAA. The extension order, which was sent to SMI’s office in Taguig City and the MGB12 office in Koronadal City through regular mail, shall take effect after the company receives it, the document said. MGB-12 received the order on July 7, 2016. 2032, 2057 Felizardo Gacad, Jr., MGB12 director, told MindaNews on January 20 that the 12-year extension will be reckoned from the expiration of the original FTAA on March 21, 2020, or until March 21, 2032. He added the company has the option to renew the FTAA for another 25 years, and if granted, SMI can operate until 2057. Gacad told MindaNews on January 9 that SMI can only proceed to the extraction phase if it has complied with all the regulator y requirements. According to Gacad, the MGB-12 still has no copy of the Certification Pre cond it ion f rom t he National Commission on Indigenous Peoples, one of the requirements for SMI’s commercial operation. Also, the MGB-12 does not have on file the environmental compliance certificate (ECC) of SMI for the Tampakan project, Gacad added. The late Environment Secretar y Gina Lopez cancelled the Tampakan project’s ECC. Fr. Angelo Buenavides, the diocese’s spokesperson and vicar general said they learned about the 12-year extension only a few days ago In a mining forum at the Notre Dame of Marbel University here in September 2019, the diocese urged the national government not to renew the FTAA of SMI for another 25 years.

Republic of the Philippines Region X Province of Lanao del Norte Municipality of Kapatagan

Republic of the Philippines Region X Province of Lanao del Norte Municipality of Kapatagan

Office of the Municipal Civil Registrar

Office of the Municipal Civil Registrar

R.A. 10172 (Gender)

NOTICE FOR PUBLICATION

Reform... from page 5

on its credit rating on the economy from Stable to Positive on the sustained improvement of the country’s external payments position and institutional and fiscal positions. To date, S&P has a BBB+ rating on the Philippines, its highest investment-grade level. (PNA)

Ratings... from page 5

De Leon said there is a “give and take advantage” of the negative yields in the Euro area right now. “Obviously, we’ve been opening markets every year on the dollar but this time, we would want to approach the European investors coming from a very strong order book last year,” she said. De Leon said there are still spillovers from last year’s issuance “that we’re not able to accept so we’re coming back for this issue.” In May last year, the Philippine government raised 750 million euro (USD842) from the issuance of eightyear debt paper. (PNA)

Halal... from page 2

banana and mango to Sabah, including halal food like goat meat and beef,” Piñol said. Piñol said the exchange of goods between the two areas came after his meeting with Sabah Chief Minister Datuk Seri Mohd Shafie Apdal in November last year, during which the chief minister agreed on the supply of Mindanao halal products to support the population and the growing number of tourists going to Sabah. The Zamboanga-Kota Kinabalu air link is the second route opened by PAL in the

EXTRAJUDICIAL SETTLEMENT AMONG HEIRS Notice is hereby given that the intestate estate of the late MYRNA YU-DINULOS which property described as follows: Lot No. 4-A, Psd-12-005184, covered by Transfer Certificate of Title No. T-21,466 (a.f), containing an area of ONE THOUSAND ONE HUNDRED TWENTY TWO (1,122) Square Meters, more or less is the subject of an EXTRAJUDICIAL SETTLEMENT AMONG HEIRS under Notary Public ATTY. DOROTHEA S. BASALO per Doc. No. 412; Page No. 83; Book No. CXLI; Series of 2019. BWM: January 15, 22 & 29, 2020

ALLAN'S LECHON

NOTICE FOR PUBLICATION In Compliance with section 7 or R.A. 9048, a notice is hereby served to the public that MARY JANE ONGOS TAPDASAN has filed with this Office, a petition for Change of First Name from "MERIGEN" to "MARY JANE" in the Certificate of Live Birth of MERIGEN SAMODAL ONGOS who was born on JANUARY 24, 1978 at Lala, Lanao del Norte and whose parents are ROBERTO C. ONGOS and ANITA B. SAMODAL. Any person adversely affected by said petition may file his written opposition with this Office not later than 15 days.

BWM: January 15 & 22, 2020

BIMP-EAGA area. Earlier, PAL announced that it will also serve the D av a o - Ma n a d o, Nor t h Sulawesi route which was earlier reopened by Garuda Indonesia. (PNA)

R.A. 9048 (CFN)

In Compliance with Rule 7 of R.A. 10172. A notice is hereby served to the public that JOYRIE ONTOLAN SOLATORIO has filed with this Office a petition for Correction of Clerical Error-Change of Gender from "FEMALE" to "MALE" in the Certificate of Live Birth of JOYRIE ONTOLAN SOLATORIO who was born on MARCH 3, 1999 at BAGONG BADIAN, KAPATAGAN, LANAO DEL NORTE and whose parents are UNKNOWN and JULIET O. SOLATORIO. Any person adversely affected by said petition may file his written opposition with this Office not later than 15 days. (SGD) IVY REYES TONGCO Municipal Civil Registrar

In that forum, Marbel Bi s h op C e r i l o C a s i c a s ple dge d to sust ain t he opposition spearheaded by his predecessor, the late Bishop Dinualdo Gutierrez, against SMI. Casicas deplored the Tampakan project, a venture which, according to him, “even God will not approve” considering its impact on the environment, Indigenous Peoples and other residents who will be affected. Vowing to sustain the lo cal C atholic church’s resistance against open-pit mining, Casicas stressed: “God created humans to protect the environment.” ‘Illegal” extension’ In a statement on January 21, the ATM called the FTAA extension “illegal.” ATM National Coordinator Jaybee Garganera said the FTAA extension “circumvented the autonomy of the local government of South Cotabato” which had earlier passed an ordinance banning open pit-mining. The extension order, the ATM said, is a “clear violation of Republic Act 7160 or the Local Government Code of 1991, that enables local government units based on the support of their communities to decide on how to use and protect their land.” “We stand in solidarity with the local government of South Cotabato to define its path towards sustainable development, without destructive and irrational mining ,” the statement read. The provincial ban on open pit mining is still in force.

BWM: January 15 & 22, 2020

(SGD) IVY REYES TONGCO Municipal Civil Registrar

Main: Purok 4 Puerto, Cagayan de Oro City Cell #: 0928-616-4431 / 0905-777-0670 Branch: 31st Nazareth, Cagayan de Oro City Cell #: 0926-594-9540

Free: HALANG-HALANG or DINUGOAN!

Branch: Casinglot, Tagoloan, Misamis Oriental

For orders, please call:

KAG. LOLITA L. WAHING


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WEDNESDAY|JANUARY 22, 2020

BDO to issue P5.0 Bn Fixed Rate Bonds BDO Unibank, Inc. (BDO) announced an issuance of P5.0 billion worth of fixed rate bonds, which is a component of the P100 billion bond program approved by the Board of BDO in August 2018. This follows the P35 billion Fixed Rate Bond issuance in February 2019, and is part of the Bank’s continuing efforts to diversify its funding sources and support its lending activities. The bonds will have a tenor of 2.5 years and will be priced at 4.408 per cent. Interest will be paid quarterly, calculated on a 30/360 count

basis. The minimum investment is P100,000 with increments of P50,000. The offer period will run from January 20, 2020 up to January 24, 2020, with the issue date targeted for February 3, 2020. However, the Bank reserves the right to adjust the timing of the offer as needed. The Hong Kong and Shanghai Banking Corporation Limited (“HSBC”) is the Sole Lead Arranger and Bookrunner for the issue, while BDO Unibank, Inc., BDO Private Bank, Inc. and HSBC are the Selling Agents.


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