BusinessWeek Mindanao (January 22, 2018)

BusinessWeek M I N DA N A O CREDIBLE

Volume VIII, No. 103 As of 6:00 pm January 19, 2018 (friday)

FOREX

PHISIX

US$1 = P50.720

8,915.92

X Briefly

cent

95.18

RELIABLE

X

points

Zero solvent sniffing minors BARANGAYS, national government, and private and non-government organizations now strengthens the campaign to attain Zero Solvent Sniffing Minors in 2019 after attending a stakeholders’ workshop.

This has also been the aim of the local government to help the minors who are addicted to sniffing prohibited solvents on the streets.

The city government of Cagayan de Oro believes that with everybody’s help, the city will be able to combat the existence of addicted minors.

Several actions and plans are now undertaken by the local government to fully attain the Zero Solvent Sniffing Minors in 2019.

IN-DEPTH

A

Monday | January 22, 2018

By DIGNA BANZON, PNA

CONSULTANT for one of the top power providers in the country assured consumers that the Tax Reform for Acceleration and Inclusion (TRAIN) will have insignificant impact on the price of electricity derived from coal.

Arturo Milan of the Aboitiz Group of Companies said TRAIN’s impact on electricity is minimal, and that the imposition of excise tax on coal should not cause alarm.

Milan, however, made it clear that he can only cite the case of Davao Light and Power Company, Inc. (DLPC), the

P15.00

cmyk

Lapasan Highway, Cagayan de Oro City

electricity provider in Davao City and its service areas in Davao del Norte.

He s a i d e l e c t r i c i t y derived from coal will mean additional three centavos per kilowatt hour in 2018, six centavos in 2019, and nine centavos in 2020.

The subsequent rate may go up or down depending on

the price of coal.

In Davao City, Milan said the average household consumption of electricity is at 200 kilowatts per month, which will cost about PHP60 with the additional tax of three centavos.

Mindanao Development Authority (MinDA) assistant TRAIN/PAGE 11

LTFRB-10 ready for Wednesday’s transport picket

By MARK FRANCISCO, Staff Writer

Kuwait employment ban THE Department of Labor and Employment (DOLE) clarified that overseas Filipino workers (OFWs) with plane tickets for Kuwait and an overseas employment certificate (OEC) are exempted from the deployment suspension to the host country.

“Those who already have their plane tickets and OECs are not covered by the suspension of deployment,” said Raul Francia, head of the information and publication service of DOLE. The DOLE official said only those with OECs and plane tickets would be allowed to leave for the Arab nation, adding that the Philippine Overseas Employment Administration (POEA) would no longer process OECs for workers bound for host country in the Middle East.

Cagayan de Oro

TRAIN impact on coal power rate ‘minimal’ www.businessweekmindanao.com

Market Indicators

8

YOUR Mindanao-wide BUSINESS paper

ROAD WORTHINESS. Starting this year, the Land Transportation Franchising and Regulatory Board (LTFRB) 10 will inspect jeepneys on the streets for their roadworthiness. Those that do not pass the LTFRB test will be impounded. Many jeepneys in Cagayan de Oro are already older than 30 years old. photo by gerry lee gorit

Davao City business chamber pushes for development of economic zones DAVAO City — The business sector has called on the city government to push for the

creation of economic zones to lure more investors, especially foreigners.

Arturo M. Milan, incoming president of the Davao City Chamber of Commerce and Industry, zones/PAGE 11

TITO M. Endrana, master teacher I of Ramon Magsaysay Elementary School in Digos,

Davao del Norte bested 12 other teacher-finalists from all over the country

to win the much coveted title ‘Pambansang Ulirang Teacher/PAGE 11

By CARMELITO Q. FRANCISCO, Correspondents

THE Land Transportation Franchising and Regulatory Board (LTFRB) in Region 10 is ready for the planned transport strike on Wednesday.

Although the local chapter leader of Pagkakaisa ng mga Samahan ng Tsuper at Operator Nationwide (PISTON) said that their protest action is just in a form of a picket, LTFRB 10 director Aminoden Guro is not taking chances.

He said that buses will be deployed to fetch stranded passengers should the picket escalate into a full-blown transport strike.

Guro revealed that Starex chair Ringo Lago has informed him that the group is only inviting around 100 individuals to join the picket in front of LTFRB 10 office in Brgy. Bulua, Cagayan de Oro City, adding that jeepney owners were not encouraged to rest their vehicles on that day. Starex transport/PAGE 11

Davao teacher wins this year’s Pambansang Ulirang Guro

RUSH TO THE DEADLINE. Cagayanons beat the deadline to renew and apply for their 2018 business permits in this scene at City Hall last Saturday. photo by mark francisco

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

2

Economy Bukidnon declares state of calamity T

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

monday|january 22, 2018

By JIGGER JERUSALEM, PNA

ROPICAL storm Vinta wrought havoc in Bukidnon which has declared a province-wide state of calamity to address the damages brought by the weather disturbance last December.

Provincial information officer Hansel Echavez said the estimated damage has reached more than half a billion, P203 million of which include damage to crops, dwellings and government structures. About P380 million of national government-funded roads and bridges were also destroyed by the flashfloods and landslide

due to the torrential rains.

The declaration was made on Tuesday, Jan. 16, based on the report submitted by the provincial disaster risk reduction and management council (PDRRMC) to the provincial board.

Echavez said Gov. Jose Maria Zubiri has assured that the provincial government has alloted some P300 million unused livelihood fundfor the disaster survivors.

“Gov. Zubiri said those affected by Vinta will be the priority recipients of the livelihood fund to help them get back on their feet. He has also

given assurance that all victims will receive food, cash and housing materials,” he added.

A total of 9,770 families were affected by Vinta, with seven dead and two persons missing.

At least 11 of the towns from the 20 municipalities and two component cities in Bukidnon were hit by the flashflood and landslide when Vinta passed through the province.

Per report from the PDRRMC, among the towns which suffered huge damage and losses to crops and properties were San Fernando with an estimate damage of P52.5 million; Kitaotao, P30.7 million; and Quezon,

million; Valencia City, P18.8 million; Malaybalay City, P13.4 million; Kibawe, P6.6 million; Dangcagan, P5 million;

P26.5 million.

Other areas that were also hit by the calamity were Baungong, P24.1 million; Talakag, P22.1

Libona, P2.8 million; Maramag, P457,000; Malitbog, P300,000; and Manolo Fortich, P157,608.

(Jigger J. Jerusalem/PNA)

CPRAT bats for public participation in formulating development plans THE 18th Cagayan de Oro City Council is set to tackle the position paper of the City Poverty Reduction Action Team (CPRAT) regarding the Mandatory Participation of Civil Society Organizations (CSOs) in the formulation of development and investment plans in Cagayan de Oro City.

In a position paper, CPRAT said that some of the functions of local government units (LGUs) are not complied with, in one way or another, either due to limitations

in capacities, lack of diligence, limited financial resources, or in the case of the city, the voluminous input coming from the 80 barangays.

Some ordinances were not reviewed, some plans were not responsive to the needs and welfare of the people, development concerns like solid waste management, food security, agricultural productivity, and local economic enterprises were oftentimes not included in most barangay investment plans, according to CPRAT.

More so, barangay assemblies were conducted only as mere compliance to the mandatory order of the Department of the Interior and Local Government (DILG), lacking the avenue for the citizens to freely express community welfare concerns, among others.

To ignite the community’s awareness of their roles in their respective LGUs, the national government implemented the Grassroots Participatory Budgeting Process or the Bottom-up Budgeting cprat/PAGE 11

Teaching Mathematics is fun FELSA S. JAGONIA Secondary School Teacher III, OCNHS

RPN Radyo Ronda Stations Nationwide

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

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

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

Math is my favorite subject…

I hate Math… I love Math…I really don’t like Math. It’s boring.

These were few of the lines, stated by many students. We are hearing lots of comments about this great subject. However, teachers always say, Math teaches us to make complicated things simple. Math can be used in our daily lives.

Teaching is getting more and more complex and challenging these days. The

patience level of students is decreasing while rudeness, argumentation, disobedience, and short temper is on the rise. Because of modern age competition, stress, availability of alternate sources of knowledge like internet or violence video games.

Mathematics teachers might use different strategies that can help facilitate learners to love the subject. To make teaching Mathematics interesting, a teacher employs

teaching strategies such as: Make it a game, modify your lessons to the level of your students make learning practical and pay attention to learners’ interest.

Teaching Mathematics of the 21st century is very challenging. He/She needs to be able to formulate, construct, arrange, modify and make sense of information so that it is understood as knowledge.’ “ To teach is to live Mathematics.”

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

CorporateWorld 3 Ayala restructures energy business Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

monday|january 22, 2018

C

ONGLOMERATE Ayala Corp. said Friday it is restructuring its energy business to create two wholly-owned platforms for renewable energy and thermal energy.

Ayala told the local bourse it would retain AC Energy as its umbrella brand for its energy group of companies, which would primarily consist of AC Renewables Inc. and ACE Thermal Inc.

“AC Energy has scaled up rapidly over the last five years, and we believe that having these two exciting platforms will enable focused strategies and accelerate our growth,” said AC Energy

Chairman Fernando Zobel de Ayala.

AC Energy is Ayala Group’s business arm in the energy sector, with investments in renewable energy and conventional power plants.

“We recognize that renewables and conventional power are two distinct businesses that attract different types of investors. This move therefore provides AC Energy a sharper

proposition and greater flexibility in the event that we broaden our investor base for our platforms,” added Eric Francia, AC Energy’s Chief Executive Officer.

(PNA)

Hyundai vows to comply with DTI, DOF directives: BOI Big Boss Cement to invest He cited the dispositive Vehicle Development THE Board of Investments Committee Chairperson P4-B to expand capacity Program (MVDP) under portion of the decision, Dakila Cua. (BOI) on Friday said Hyundai Asia Resources, Inc. (HARI), the importer and distributor of Hyundai vehicles in the Philippine market, has agreed to comply with the directives of the Department of Trade and Industry (DTI) and the Department of Finance (DOF) regarding the company’s importation issue and alleged failure to comply with Executive Order 156.

“HARI has indicated acceptance and willingness to comply with the said board resolution in a meeting attended by, among others, highlevel officials from the Departments of Trade including BOI, and Finance including the Bureau of Customs (BOC),” DTI Secretary and BOI Chairman Ramon Lopez said in a letter to House of Representatives’ Ways and Means

Lopez also noted BOI’s decision on HARI’s Nov. 22, 2017 motion for reconsideration.

which includes the suspension of the firm’s certificate of registration as participant to the Motor

EO 156 until HARI implements its assembly process of welding and hyundai/PAGE 11

BIG Boss Cement Inc. (BBCI), chaired by the eldest son and namesake of billionaire Henry Sy Sr., is investing P4 billion to P8 billion in the next four years to expand capacity in its bid to meet the increased domestic demand as the government rolls out more infrastructure projects.

BBCI President Gilbert Cruz told reporters the company would establish two more cement manufacturing facilities to add 10 million bags a month to its current capacity.

Cruz said its cement manufacturing facility in Porac, Pampanga produces cement/PAGE 11

PSALM rejects P57.88-B prepayment from NGCP

Outgoing Bb. Tablon 2017 Suzzane Martil crowns her successor Bb. Tablon 2018 Ma. Dhanica Simborio last January 19. photo by joshua abudiante

STATE-RUN Power Sector Assets and Liabilities Management Corp.

(PSALM) said the P57.88billion “prepayment” made by privately owned National Grid Corporation of the Philippines (NGCP) is not valid, in a rejection of an arrangement previously agreed by the two parties under the

previous administration.

In a letter addressed to NGCP President and Chief Executive Officer Henry Sy, Jr., PSALM has informed the grid operator that its “remittance” of P57,883,053,062.96 made on July 15, 2013 “is not a valid prepayment under the CA (concession psalm/PAGE 11

4

Opinion

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

monday|january 22, 2018

Manila Teachers: party list with a heart HOTLINE

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

ALLAN mario MEDIANTE

Vice President for Corporate Affairs

RUFINO T. MAGBANUA

Vice President for Business Development

Joe felicilda

Vice President for Administration

JOHN AARON M. DEL BANDO

Vice President for Events and Promotions

joe palabao

Vice President for Marketing

NELSON CONSTANTINO Editor-in-Chief

gilbert y. chao Motoring Editor

JUN AYENSA

Regional Editor - Caraga

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

Contributing Editors Legal Counsel CLIFFORD SANTILLAN Layout Artist

ATTY. MARIO T. JUNI

ABEGAIL BAYNOSA Sandra encoY

Juni Law Office Cruz Taal St., CDO Legal Counsel

Cell No: 09352379999

Advertising

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

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

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

Member: Philippine Press Institute Oro Chamber

Older and better think a minute

jhan tiafau hurst Think a minute…An older man I know was walking back to his office after eating lunch. On the way back he met a friend, so he stopped and they talked a few minutes. As they were saying goodbye to each other the old guy said to his friend: “When we met just now, which way was I walking? To my office or to the restaurant?” His friend answered, “You were walking to your office.” The old man smiled and said: “OK, I guess that means I’ve already had my lunch, so I better get back to work now.” That poor old guy’s memory was so short, he really didn’t know if he was coming or going!

It seems no matter how hard we try, none of us can stop from getting older.

Aging is a natural law and

process we simply can’t stop or change. We can exercise, eat only healthy food, take vitamins, use all the best lotions and oils on our skin, but we’re still getting older every day. And if it’s true that our memory is the first to go, then I know I’m well on my way!

It’s sad that many people become grouchy, mean, or impatient as they grow older. But in fact, it should be just the opposite. As we grow older, we should grow sweeter, kinder, more gentle and accepting of others’ faults. We should become more compassionate and understanding of other people’s needs and problems, since we’ve learned how easy it is for us to make mistakes. We should just become more caring and forgiving.

Friend, if you want to get better with age, then today you can ask Jesus Christ to forgive you and take full charge of your heart and character every day. He’s the only One Who can help you start changing daily into the person you really want to be. That’s how you can enjoy even more the second half of your life, as you grow older—and better.

Just Think a Minute …

Ruffy magbanua On the halls of Congress, there is a new party list that represents the teachers’ plight and rights with a heart.

Anchored on its vision “B etter Teacher, B etter Education, Better Nation”, Manila Teachers Party List, a coop-driven association of teachers has vowed to work on reforms that would protect the interests of the Filipino teachers, long regarded as the unsung heroes of the nation.

Speaking out

Run by retired school teachers, this party list for teachers is working in the delivery of inclusive health care, housing, financial assistance and expanded scholarship programs for member-teachers all over the country.

Representative Virgilio Lacson has committed to banner the vision and mission of the Manila Teachers through expanded community services that would benefit the Filipino teachers who are in need of financial assistance, health care, scholarships, among others.

Lacson is chairman and CEO of Manila Teachers.

For 56 long years, Manila Teachers has been doing community extension work by way of giving comfort and aid to a greater number of Filipino teachers nationwide.

Manila Teachers also serves as the voice on issues crucial to

the betterment of the teachers in particular and the nation in general.

So far, it has extended educational assistance for masteral program to some 600 public school teachers, 28 of whom took units in the government’s masteral program following the memorandum of agreement signed between Manila Teachers and the Department of Education of Calabarzon in region 4-A. It also offers financial assistance in the amount of Php40,000 for thesis writing.

A total of 326 beneficiaries have already been granted with four-year college scholarship grant taking up teaching and teaching-related courses.

For the last 10 years, Manila Teachers also participated in the Brigada Eskwela through the repair of school tables, armchairs, and the clean-

up school buildings in the National Capital Region.

Manila Teachers has also launched the Search for Pambansang Guro and Ulirang Guro 2017, winners of which were recently feted with special ceremony acknowledging their contribution in nation building.

Likewise, it also launched its college incentive program (CIP), a one-time scholarship program that is transferable to the next of kin of teachers wanting to avail of soft loans. Teachers from Luzon, Visayasand Mindanao have already availed of this incentive program.

Manila Teachers Party List envisions to extend all these advocacies and programs down to the grassroots level, nationwide.

A party list with a heart indeed. (ruffy44_ph2000@ yahoo.com)

The BSP Governor’s SOBA

ignacio bunye The President has his State of the Nation Address (SONA).

Local governments have their own equivalents: SOPA for provinces, SOCA for cities and SOMA for municipalities.

The SONA is delivered every third Monday of July.

Those for local governments usually coincide with the LGU’s founding day.

The Governor of the Bangko Sentral ng Pilipinas (BSP) has his own version, the State of Banking Address (SOBA). It is delivered every January. But unlike abovementioned policy speeches, the SOBA is delivered in two “installments” and before two different audiences.

For the last 20 years, it has been the tradition of all BSP governors (since Governor Gabriel Singson) to speak before the 1st General Assembly of the Rotary Club of Manila. This usually happens on the very first week of the year.

And on the third week, the BSP governor speaks before representatives of the banking and financial community. The latter speech is usually followed by a New Year’s toast, led by the Governor (who is also the Chair of the Monetary Board) and all the members of the Monetary Board.

Good weather permitting, the speech before the captains of the banking and financial industry is held in open air in the historic Fort Antonio Abad within the BSP complex.

The Rotar y speech (attended by the members of the the Rotary Club of Manila, Rotary Club of Makati West and Rotary Club of Forbes Park) went on as scheduled last January 4. The speech before the banking sector was scheduled last Friday

evening.

It was the first SOBA for BSP Governor Nestor A. Espenilla, Jr., who succeeded Governor Amando M. Tetangco, Jr. last July.

Before the Rotary Club of Manila (headed by my Aquila Legis brod Jimmie Policar pio), Esp eni l la framed his talk around BSP’s mandates, and what the BSP regards as its pillars of central banking.

He then focused on “the Philippine economic outlook given factors in the immediate past, work we are doing in the present, and plans to face challenges of the future.”

Espenilla talked on (1) recent developments in the global economic environment (2) BSP’s delivery on its mandate of maintaining price stability; and (3) the challenge of digitization and how our payments and settlements system plays a role; and (4) finally, the BSP’s mindset for embracing the future.

2 0 1 7 s aw i n c re a s e d momentum in global economic growth, Espenilla

said, triggering, among others, movement of funds from emerging markets like the Philippines.

Espenilla described how the peso weakened and how the BSP responded with a flexible exchange rate policy and by providing foreign currency liquidity.

O ve r- a l l, E sp e ni l l a said, the BSP succeeded in maintaining a sound and liquid financial system which provided support to Philippine economic activity in 2017.

“Banks’ balance sheets expanded with a double-digit growth in assets and deposits.

“Credit continued to flow steadily to productive sectors.”

One of the many reasons for another credit upgrade

by Fitch last December.

For 2018, Espenilla talked of a well-calibrated and carefully sequenced series of reforms which include, among others: -developing deeper and more efficient domestic capital and money markets SOBA/PAGE 11

Problems on Kuwait OFWs can’t be solved by dialogues Kakampi mo ang batas

Batas Mauricio LIFE’S INSPIRATIONS: “… You will have sons and daughters but you will not keep them, because they will go into captivity…”

(Deuteronomy 28:41, the Holy Bible).

-ooo PROBLEMS ON KUWAIT OFWs CANNOT BE SOLVED

BY DIALOGUES: I really don’t know if something beneficial is going to come

out of the planned dialogue between President Duterte and top officials of Kuwait, as a me ans of s olv ing the problems of overseas Filipino workers (OFWs) in that country and stopping the spate of killing of our countrymen in that place.

My feeling is that, Kuwaiti officials will only deny that there is any official policy allowing or encouraging the killing of Filipinos in their kingdom. I believe they will also deny even more rabidly insinuations that some kind of negligence on their part could have triggered or contributed to the deaths of the OFWs employed in Kuwait.

What the President must instead strive to learn more urgently is the spiritual angle in the sending of our countrymen to Kuwait and

to other countries to find gainful employment. If this is what he will focus on, he will not fail to realize that Filipinos going abroad to seek the proverbial greener pasture and suffering greatly in their host countries were all prophesied to happen earlier.

-ooo OFWs SUFFERING PREDICTED TO HAPPEN

BY THE BIBLE: For starters, I wish to bring to President Duterte’s attention the exact and definite prophecies dealing precisely with this kind of misfortune befalling many of countrymen coming from the different verses of the Bible, particularly its Deuteronomy 28:15 and 32. What these verses are prognosticating to happen to our OFWs is truly shocking.

This is what Deuteronomy

28:15 is saying: “However, if you no longer listen to the Lord your God and no longer obey His commands I am giving you today, all of these curses will come upon you and overtake you…”

On the other hand, here is what Deuteronomy 28:32 is saying: “Your sons and daughters will be given to other nations, and you will wear out your eyes watching for them day after day, (but you will be) powerless to lift a hand (when trouble grips them)…”

-ooo WE MUST BRING BACK FILIPINOS TO GOD: It is clear, from the foregoing prophecies from the Bible, that great suffering await many of our children. They will go to other nations where they will suffer terribly in dialogues/PAGE 11

5

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

Banking&Finance Moody’s sees 6.7% GDP growth for PH in Q4 ’17 monday|january 22, 2018

M

OODY’S Analytics projects a 6.7 percent output for the Philippine economy in the last quarter of 2017.

This level is lower than the 6.9 percent growth, as measured by Gross Domestic Product (GDP), that the economy registered in the third quarter of 2017 but similar to the average

output in the first three quarters of the year.

In a research note, the economic research subsidiary of Moody’s Corp. identified domestic demand as the main growth driver.

It also considers exports as additional factor for domestic expansion due “to strong demand for electronics and

components.”

Other plus factors are consumer spending, which is backed by remittances from Filipino workers overseas and the strong labor market, and investments in line with the government’s infrastructure projects.

“The Duterte administration plans to spend PHP8 trillion

to PHP9 trillion on infrastructure to 2022.

Those plans got a boost late last year with the passage of the first tax reform bill, as it will help fund the ambitious infrastructure plans,” it added.

The government will release the fourth quarter and full year 2017 GDP report on Tuesday, Jan. 23.

(PNA)

GSIS looks to invest $800-M offshore STATE PENSION FUND Government Service Insurance System (GSIS) wants to put $800 million in foreign-currency instruments to diversify its asset portfolio. “$800 million is really for testing grounds in investment. It’s not too big… What we need is to understand the market globally, and we would like to look at our global fund managers how they handle,” GSIS President and General Manager Jesus Clint O. Aranas said in a press conference on Tuesday.

The plan to place $800 million in “foreign currency-denominated instruments” is part of the pension fund’s target of a 9% per annum return of investment.

“These days, return of investment is at an average of 5.5%, below our ideal rate of 9% per annum. We want to beat that 9%… that’s why we have a risk conservative approach,” Mr. Aranas said, adding that the pension fund will be maximizing the “very good” market performance recently.

GSIS is looking to hire two external asset managers to have an allocation of $400 million apiece.

“The fund manager must have an experience to manage a global portfolio because we want a fund manager who knows how to do dynamic asset allocation,” said Gracita Gilda V. Bocanegra, senior vice-president of GSIS, adding that they are open

to local firms.

As of November, 62% the pension fund’s assets were invested in financial assets, 24% in loans to its members, 6% in investment properties, 4% in cash and another 4% in property, equipment and other assets.

GSIS posted a net income of P84.15 billion in the first 11 months of 2017, up 52.52% from the P55.17 billion posted in the comparable year-ago period.

Income generated from loans slightly increased by 3.8% to P22.49, as active loan accounts as of November 2017 grew to 1.19 million from 720,342 accounts posted in the comparable year-ago period.

Revenues from

insurance also grew 11.2% in the eleven months ended November 2017. This was driven by “increased social insurance contributions” as the number of contributing members rose to 1.7 million as of November last year.

In the expenditure side, GSIS paid more than P85 billion in social insurance claims and benefits in the period, up 13% from P75.1 billion in 2016.

Meanwhile, GSIS’ total assets rose 8% to P1.09 billion as of November 2017.

“The growth was driven by income from financial assets, which doubled to P52.12 billion on the back of the robust performance of financial markets,” a statement from GSIS read.

Banks ‘business as usual’ in Mayon-affected areas THE Bankers Association of the Philippines (BAP) has assured bank clients in areas affected by the looming eruption of Mayon Volcano of continued bank services.

In a statement, the BAP called on affected people to simply coordinate with their local bank branches "to ensure that their transactions are accommodated and that

their banking needs are met."

"While the authorities have already raised the alert level in Albay due to ash emissions and lava flow, the BAP assures that clients will be assisted to ensure continuity of banking services, as member banks strive to deliver and serve the general public," it said.

The BAP also urges

the banking public "to follow security and risk mitigation measures of local government units and other relevant law enforcement agencies on the Mount Mayon eruption."

"For any other bankrelated concerns, please call your respective branches or visit their websites for updates," it added.

Albay Governor

Al Francis Bichara has declared a state of calamity in Albay after the volcano spewed lava Monday night.

Local authorities have ordered the evacuation of thousands of residents to ensure their safety and aids have been secured for the evacuees.

The volcano, known for its near-perfect cone shape, last erupted in 2014. (PNA)

OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

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

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

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

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

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

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

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

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

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

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

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

METRO BANK- GAISANO 8561720

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

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

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

PLANTERS DEVELOPMENT BANK

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

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

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

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

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

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

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

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

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

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

People line up for free eyeglasses as part of Senate President Aquilino Pimentel III's birthday outreach last Saturday at Cagayan de Oro City Hall. photo by mark francisco

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558

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

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

Billboard

monday|january 22, 2018

posts revenues of TUPAD workers exempted from SSS P175B at end-Nov 2017 providing own protective gear The beneficiaries of the Tulong Panghanapbuhay sa ating Disadvantaged/ Displaced Workers (TUPAD) Program or the Emergency Employment Program (EEP), who were affected by natural disasters or emergency situations are no longer required to provide their own protective equipment for the community service work provided by the assistance program.

In an administrative order, Labor Secretary Silvestre Bello III said the work programs for the said worker-

beneficiaries are not considered hazardous as defined in Rule 1013 of the Occupational Safety and Health Standards.

“With the urgent need to provide the TUPAD or EPP as postdisaster intervention to the workers affected by natural calamities, the provision of personal protective equipment such as hat and t-shirt, will no longer be required provided that work programs do not fall under hazardous work as defined in Rule 1013 of the Occupational

Safety and Health Standards, series of 1989,” Bello said.

He also said that the program is part of the extended support of the Department of Labor and Employment (DOLE) in providing relief and emergency livelihood assistance to the victims of the natural calamities, including typhoon, floods, and earthquake.

“DOLE provides support to the victims, especially in assisting displaced workers to return to their normal life and recover from the devastation brought by calamities

by giving them short-term income support,” Bello said.

Under the program, TUPAD beneficiaries will undertake a minimum of 10-day to as much as 30 days of community service with a minimum salary of P285.00 a day.

During the employment, TUPAD beneficiaries will also be provided with employability enhancement training to prepare them for another round of employment after the completion of the emergency employment.

(Abegail De Vega)

State-run Social Security System (SSS) said over the weekend that its revenues reached nearly P175 billion in the first 11 months of 2017 on the back of aggressive collection efforts for members’ contribution, and investment and other income.

SSS President and Chief Executive Officer Emmanuel F. Dooc said the pension fund's total revenues grew to P174.94 billion from January to November 2017, up 9.3 percent or P14.92 billion from the P160.02 billion it earned in the comparable period in 2016.

“The growth in our contribution collection is primarily due to the collection drive of the current administration

of the Social Security Commission along with the efforts of SSS employees who are in direct contact with our employer- and employeemembers every day,” Dooc said.

Broken down, members’ contributions, which accounted for 82.5 percent of total revenues, grew to P144.36 billion in the 11 months ended November 2017 from P131.28 billion of endNovember 2016.

Investment and other income further increased to P30.58 billion from January to November 2017 from P28.74 billion of the comparable 2016 period. It was boosted by income from government securities, equities, and sss/PAGE 10

Score fantastic discounts at R.O.X Satellite Selling Area at Centrio Gardens R.O.X keeps giving you more reasons to shop for your next great outdoor experience!

Whether you’re going on an upland trek, targeting your next trail run, or simply hiking to enjoy the breeze, R.O.X

can get you geared up for it!

From January 15 to February 15, 2018, come browse the R.O.X Satellite Selling Area at the Centrio Gardens, Centrio Mall.

Score original,

premium jackets, shoes, apparel, bags, and outdoor accessories at discounted prices up to an incredible 50% off !

Brands available at the R.O.X satellite selling area include FOX, The North Face, Columbia,

Eagle Creek, and a lot more.

Visit R.O.X Satellite Selling Area at Centrio Gardens, Centrio Mall today, and gear up for your next outdoor adventure with their fantastic discounts!

“We Honor, Teachers” By: ROSALITA C. PRENALA, SST III Ozamiz City National High School

A month-long celebration is not enough to give honor and importance to the dedicated teachers who serve and educate minds, 365 days a year.

They who wear the biggest smiles everyday at school are those who also disregard exhaustion and problems for tender loving care. Despite of hardships, the desire to mold students into better citizens in the future arises above all is a c onc re te re as on why teachers should be

remembered.

They are not birds.

They are not planes. They are just ordinary people with different dreams in life, but agree on one goal: to perform magic in the field of education.

Many may idolize the red-cap ed sup erman, many may love the mysterious spiderman but the heroes are those who have their feet on the ground at all times.

Apparently, it can’t be counted the burnt midnight candles in one

hand, after all years of the teacher’s sleepless nights.

They prepare lessons and study them carefully in order to teach them at school the next day. On the other hand, they also have families to take good care and children to nurture. Teachers also have homes to furnish and spouses to attend to but they still manage and juggle them all.

At s cho ol, not a l l times these students are cooperative, behaved and disciplined; an additional

weigh to the teacher’s shoulders. Activities and requirements from the school heads bombard left and right, leaving our poor teachers in a weak and tired. But, still amazing that when they step in the classroom, a sunny smile is still plastered in their faces, slowly inking out the tiresome reality.

Te a c h e r s mu s t b e honored, he/she may be appreciated and given significance to the contributions they offer.

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

monday|january 22, 2018

7

8

Environment

RESORTS, HOTEL & RESTAURANTS DIRECTORIES

Algen’s Dive Resort (088) 3872015

Pryce Plaza Hotel 8583131 Fax: 726687

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

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

Basamanggas Resort 08822-760564 Fax: 760565 Cagayan Riverview Inn 8584245 / 729039 Fax: 8584245 Casa Crystalla 8561704 / 722465 Fax: 722480 Casa Isabella (088) 8564065

Casa Azucena 8563402 / 09236593973

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

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

Kingston Lodge 8585696 Fax: 8585696

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

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

RESTAURANTS:

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

Golden Ajirang I 856-5271 Fax: 727876 Grand Caprice Restaurant 72-6955/856-2302 Fax: 72-4986 Kagay-anon Restaurant 728958 / 8563688 Fax: 8563843 / 729003 La Ilongga Restaurant 72-6183 / 857-3652 Fax: 72-4605 Missy Bon Bon 8566852 / 09228606442 Fax: 8566852 SLERS Ham & Café 8551438

Mapawa Natures Park 8584402 Fax: 725265

Thai Me Up 738424/3108424 Fax: 738424

Mallberry Suites 8541999 / 7249999 Fax: 8544999

Barkadahan Grill 8551234

Maxandrea Hotel 8572244/729943 Fax: 724090

La Tegola Cucina Italiana 8585959

Miami Inn 8581901 to 02 Fax: 725279/728486 N Hotel (088) 8801924 Paras Beach Resort 8568563 Fax: 8568563 Philtown Hotel 726295 / 8564402 Fax: 723104

monday|january 22, 2018

Cimatu says comprehensive land tenure reforms underway

T

A PUBLIC SERVICE BY:

Bahay Bakasyunan sa Camiguin (088) 3871057 / 3870131 Fax: 3870278

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

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

he Department of Environment and Natural Resources (DENR) is putting in place a comprehensive package of reforms that will fast track the processing and issuance of titles over alienable and disposable lands.

During the first-ever National Land Summit held January 16-17, 2018 at the historic landmark Manila Hotel, DENR Secretary Roy A. Cimatu said the government is more committed than ever to clear bottlenecks in land titling to ensure security of tenure for every Filipino landowner.

“Achieving social justice in land titling and improved land administration and management are among the priority agenda of the DENR under the Duterte administration,” Cimatu told over 500 summit participants from government agencies, business sector, nongovernment organizations and civil society.

The DENR, he said, will pursue full automation of its land records and establishment of a single control map over its survey and tenure instruments.

“The Department will sustain the computerized approval of land surveys and processing of public land applications and implement an accelerated land titling project nationwide on residential lands beginning 2019,” he said.

Cimatu also said the DENR is coming up with a 30-year road map for the country’s land sector.

“To achieve these breakthroughs efficiently, we need partnerships with other agencies and the local governments,” he pointed out. “We also need the strong support of surveyors, the academe and the private sector to ensure sufficiency in the manpower and capability required, as well as in disseminating information to the people.”

Cimatu’s views were shared by Cabinet Secretary Leoncio Evasco Jr., who also reminded all government agencies involved in land titling of their duty to accord Filipinos of their right to property, which is one of the fundamental rights under the Constitution.

Evasco, who keynoted the land summit, said it is incumbent upon these agencies to “ensure the protection of the fundamental rights of our people.”

“To deprive our people of their right to property is not only depriving them of

their constitutional rights but also depriving them of their dignity to live,” Evasco pointed out.

During the summit, Cimatu underscored the need to plug loopholes in the country’s land laws, which can be traced back more than a century ago — from the Cadastral Act of 1913 to the Commonwealth Act No. 141 or the Public Land Act of 1936, Property Registration Decree of 1978, and the Handog Titulo Free Patent program for residential lands.

He also cited the Comprehensive Agrarian Reform Program in 1988 for landless tenant-farmers and the Indigenous Peoples Rights Act of 1997 with its provisions on ancestral lands and ancestral domains.

“The best intentions of these laws, however, were operationally bedeviled by numerous requirements, delays in the issuance and registration of patents and certificate

of land ownership awards, overlapping claims, and double issuance of land titles,” Cimatu said.

According to Cimatu, both the national and local governments have poor access to complete, consistent and updated land information.

He also lamented how minimal the contributions of land management to Philippine economy in terms of land tax and transactions, as compared to neighboring countries like Thailand, Malaysia and Singapore.

“These are mainly the reasons why President Duterte included land titling in his 10-point socioeconomic agenda as Agenda No. 6. Indeed, security of tenure is one of the pillars of a peaceful and progressive society,” he stressed.

As an initial step towards promoting land tenurial security in the country, Cimatu said the DENR recently hired reforms/PAGE 10

DENR holds first-ever National Land Summit The Department of Environment and Natural Resources (DENR) holds the first-ever National Land Summit this month to discuss issues and initiatives of the land sector, and create valuable partnerships to ensure synergy and cooperation among the land management and titling agencies in the country.

Over 400 participants from various government agencies, the business sector, civil society and other stakeholders gathered at the historic landmark Manila Hotel on January 16-17 for the summit, with the theme: “Forging Stronger Alliances and Bridging Networks.”

The country’s other three main titling agencies – the Department of Agrarian Reform (DAR), Land Registration Authority (LRA), and the National Commission

on Indigenous Peoples (NCIP) - will also join the two-day conference.

DENR Secretary Roy A. Cimatu expressed hope the summit will help address uncertainty, complexity and other problems associated with land ownership, with concerned government agencies working together to make land titling easier and faster.

According to the environment chief, improved land administration and management is one of the major programs of the DENR for 2018. “This first-ever land summit signifies our strong commitment to implement this program and bring it to fruition,” he said.

Social justice in land titling is also among the five priority programs that shall be adopted by the Program for Environment and Natural Resources for

Restoration, Rehabilitation and Development (PRRD) of Secretary Cimatu to address environment and natural resources issues and pursue the thrusts of the Duterte administration.

Cimatu said the event is pursuant to Ambisyon Natin 2040, which represents the collective long-term vision and aspirations of the Filipino people for themselves and for the country in the next 25 years, which includes owning a medium-sized house in a lot registered under their names.

He said the government aims to achieve this by providing tenure security through land ownership and formal titles.

“Land titling is an issue that has hounded our country’s land sector for the longest time because of the number of agencies involved in the land titling process,” Cimatu said.

“We hope to solve this and create synergy among the concerned offices to make land titling faster and easier.”

The upcoming land summit supports Agenda No. 6 of the Duterte administration’s 10-point socioeconomic agenda, which aims to “ensure security of land tenure to encourage investments and address bottlenecks in land management and titling agencies.”

“Security of tenure is sacred for every Filipino and only a land title will seal ownership of it whether it is for personal or business use. The DENR is hitting hard on its goal to legitimize land ownership,” Cimatu pointed out.

Day 1 of the two-day summit will highlight the importance of land titling in socioeconomic development. The plenary summit/PAGE 10

BusinessWeek lifestyle

MINDANAO CREDIBLE

RELIABLE

www.businessweekmindanao.com

IN-DEPTH

9

Monday | January 22, 2018

Proud VIVO PH Endorsers:

Julie Anne San Jose, Barbie Forteza, Joyce Pring, and Ashley Rivera

V

ivo is a global brand known for its sel fiecent ric smar tphones which actualize the brand’s mission of empowering sel fexpression for the next generation.

There are al ready about 2 0 0 million Vivo users globally as of 2 017.

In the Philippines, Vivo has r isen to be the thi rd most popular smar tphone brand with at least 1.1 million users and 5,20 0 stores nationwide, and counting!

Vivo attr ibutes its success to its innovative mindset and topnotch marketing strategy.

It’s no wonder that a lot of today’s most influential local celebr ities chose to suppor t Vivo, all who are impressed with the brand’s dynamic smar tphone features and sleek design.

In November 2017, dur ing the grand launch of the Vivo V7+, Vivo introduced thei r newest brand endorsers. Among them: soulful singer Julie Anne San Jose, dramatic actress Barbie For teza, Radio DJ

and musician Joyce Pr ing, and sex y comedienne Ashley Rivera.

Barbie For teza, known as GMA 7’s Kapuso Pr imetime Pr incess, star ted out in showbiz prett y young and has star red in highly rated T V soaps through the years, winning acting awards left and r ight.

Dur ing a press conference for the V7+ launch, Barbie attested to the beaut y of the selfies produced by the V7+’s revolutionar y 24MP camera. The V7+ also boasts of a Face ID access.

Tr ue to the wonders of future technology, Vivo offers this surelysafe secur it y access to one’s smar tphone, where your phone unlocks with facial recognition. The Face ID feature enables the V7+ to “wake up” with the user simply picking up the phone, raising it in por trait mode to unlock it and it is ready to go.

Barbie has a huge following on social media with over 23,0 0 0 on Twitter, 1.1 million

Joyce Pring

on Instagram, and over 1.4 million on Facebook, making Barbie one of the biggest showbusiness influencer.

Julie Anne San Jose is no different when it comes to popular it y. The talented singer and songw r iter, which rose to fame from her humble beginnings as a Youtube star, had a ver y busy stint as Vivo influencer in 2017.

Julie Anne attended several of the brand’s biggest events of the year such as the V7+ grand launch in September 2017 at the Mar r iott Hotel, the V7 launch at SM Nor th EDSA in December 2017, and had her fi rst Vivo mall tour December 8 at the Fisher Mall in Quezon Cit y.

The V7+ is per fect for Julie Anne because as a prolific musician, she enjoys the Hi - Fi feature of the V7+.

The fully- upgraded AK4 376A Hi - Fidelit y audio chip suppor ts the latest sound technology and levels up mobile audio technology, enabling any music lover to enjoy r ich

Ashley Rivera

Julie Anne San Jose

and full rhy thms.

Julie Anne also swears by the power ful 24MP camera of the V7+ which produces per fect selfies ever y time. Julie Anne’s fans are the best in the wor ld and she has tons of followers online: 1.8 8 million on Twitter, 1 million on Instagram, and close to a million at 998,973 on Facebook.

Joyce Pring is a person of many talents. A DJ, host, and a musician, Joyce is also an effective influencer for many brands including Vivo.

Joyce star ted becoming known in the showbiz scene when she finished as finalist for music channel My x’s VJ search in 2011 and later star ted a hosting stint at the countr y’s longest r unning noontime show Eat Bulaga.

Joyce now enjoys her time as a musician and Radio Jockey at Magic 89.9 FM. Joyce is thr illed with her Vivo smar tphone. As a radio DJ and musician, Joyce appreciates Vivo smar tphone’s Hi -

Barbie Forteza

Fi feature which enhances sounds and produces sharp and br illiant music.

As an influencer with a thr iving social media presence, Joyce also appreciates the selfie - centr ic feature of a Vivo smar tphone.

Joyce’s following continues to grow with more than 3 0 0,0 0 0 on Twitter, almost 4 0 0,0 0 0 on Instagram, and more than 112,0 0 0 on Facebook.

Joyce, fi rst appeared alongside Vivo dur ing her fi rst mall tour at the Mall of Asia in October 2016 and was at the grand V7+ launch, even per forming for the crowd.

Not the least, Ashley Rivera, who became famous for her side -splitting YouTube videos, is the newest face to endorse the Vivo brand. Ashley is now a DJ and a member of The Beat Project Manila, a group composed of professional par t y and event DJs. Ashley has per formed in major festivals across the countr y and was named one of the 7 female DJs to Watch

Out in 2016 by Push Play.

Ashley loves to take videos and selfies, thanks to her prett y face and allur ing figure, not to mention her witt y antics on cam.

Ashley considers Vivo her best buddy when it comes to taking the per fect selfies and is an ideal gizmo for her next vi ral video with the phone’s revolutionar y 5.99 all -screen Display with an 8 4.4% screen to body ratio, providing a more exciting and enhanced visual exper ience.

Ashley continues to trend online and it can be attr ibuted to her strong following: more than 3 0,0 0 0 on Twitter, 147,0 0 0 on Instagram and a whopping 725,836 on Facebook.

For inqui r ies about Vivo, visit the V ivo website at w w w.vivo.com/ph or check out thei r Facebook (https:// w w w.facebook. com/VivoPhil), Instagram (https:// w w w.instagram. com/vivophil/), and Twitter (https:// t witter.com/vivo_ phil) accounts

10

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

monday|january 22, 2018

SSS...

Reforms...

salar y loans amounting to P11.04 billion, P8.15 billion and P7.61 billion, respectively. “ To t a l i nv e s t m e n t s , representing 92.6 percent of the pension fund’s total assets, rose by P16.68 billion due to additional placement i n g o v e r n m e nt b o n d s , new salary loans releases i n c lu d i n g re s t r u c tu re d memb er loan accounts, and the reclassification of real estate properties,” Dooc explained.

Likewise, end-November benefit payments in 2017 were hig her at P157.39 billion compared to the P123.17 billion recorded in the same period in 2016, as hiked up by the P30.85 billion in total releases for the P1,000-additional benefit for pensioners.

"The pension adjustments arising from the un-lumping of 1985 to 1989 contributions which we b egan to rele as e to SSS death, retirement and disability pensioners in 2016 correspondingly increased benefit disbursements. The 3rd and 4th tranches of these pension adjustments that were released in June and September last year in the amount of P72.43 million and P66.92 million, respectively, contributed to the entire amount of benefit payments for that period ended in November.

Also, the earlier tranches of adjustments released in in June and November 2016 have still an effect on 2017's total disbursements for benefits.” he added.

Payments for retirement benefit made up the bulk of total benefit disbursements at P 9 1 . 2 2 bi l l i on f rom January to November 2017, 25.72 percent higher than the P72.56 billion released in the same period in 2016.

Likewise, benefit payments for death and mate r n it y i nc re as e d to P49.04 billion and P5.56 billion, respectively.

Expenditures for disability, funeral grant, and sickness benefits rose to P5.71 billion, P3.50 billion, and P2.35 billion, respectively, while expenditures dropped to P11 million for medical services, and P1.48 million for rehabilitation services.

Operating expenses of the pension fund, which included personnel services and maintenance, and other operating expenses were slightly lower by 0.4 percent to P7.86 billion at endNovember 2017 compared to the P7.89 billion of the comparable 2016 period.

Meanwhile, S ocial Security Commission Chairman Amado D. Valdez said the Commission shall adopt measures that will ensure the stability of SSS f i nanc i a l p o s it i on . S S S total resources as of endNovember 2017 stood at P493.29 billion or P16.89 billion higher than 2016 year-end level of P476.4 billion.

159 law yers, who were assigned in Community Environment and Natural Resources Offices (CENROs), to ensure faster resolution of land cases.

“Right there and there, at their levels, the CENROs can already solve land issues,” Cimatu said.

DENR Undersecretary Ernesto Adobo Jr., who welcomed the delegates to the summit, said the department — through its Land Management Bureau (LMB) — is also working towards full operation of the Land Administration and Management System (LAMS).

LAMS is a computerized information system designed to provide effective management of land records and efficient delivery of land transactions and information services to the public. Once fully operational, it would improve access to information on cadastral maps, approved land survey plans, public land applications, and patents in all regional offices.

T h e Nat i o n a l L a n d Summit was an initiative of the DENR-LMB and three other major land titling agencies — the Department of Agrarian Reform, the Land Registration Administration and the National Commission on Indigenous Peoples.

The summit was also supported by the Housing and Land Use Regulatory Board, Department of Trade and Industry, Housing and Urban Development Coordinating Council, Bureau of Local Government Finance, and the Foundation for Economic Freedom.

from page 6

0935 161 3398

856-3344 / 74-53-80

from page 8

Summit... from page 8

s essions will b e led by Socioeconomic Planning Secretary Ernesto Pernia, who will discuss the role of land tenure security in addressing socioeconomic agenda.

Other speakers include Ian L loyd f rom L and Governance Innovations, who will discuss the b e s t pr a c t i c e s i n l a n d administ rat ion system, and Presidential Adviser on Legislative Affairs Adelino Sitoy, who will speak about legislative reform agenda on land administration and management.

There will also be presentations by the Housing and Land Use Regulatory Board (HLURB), the Climate Change Commission ( C C C ) on pu b l i c l an d management; LMB, NCIP, the Housing and Urban Development Coordinating Council (HUDCC) on land ownership and land tenure; and the Department of Trade and Industr y (DTI), the Bureau of Local Government Finance (BLGF), and the Foundation for Economic Freedom (FEF) on the socioeconomic agenda.

Day 2 will see discussions on land gove r n anc e i n nov at i on and land information

Deadline for the grant of dispensation to local registered ships extended All Philippine Registered Ships (PRS) engaged in international voyage will be given more time to comply with the provision of financial security to any abandoned seafarer flying its flag, the labor department has announced.

In Department Order No. 181-A series of 2018, Labor Secretary Silvestre Bello III extended the grant of dispensation to all PRS for their compliance with the provision of said financial security.

“The extension will run until the Procedural Guidelines crafted by the Philippine Overseas Employment Administration (POEA) has been issued and become effective on or before March 31, 2018,” Bello said in the order.

The Department Order, Bello said, applies to all PRS engaged in international voyage holding a valid Maritime Labour Certificate, and likewise sets the management and security by representatives from the University of the Philippines College of Engineering, the United Nations Food and Agriculture Organization, the UN Habitat, LMB, LRA and the National Mapping and Resource Information Authority or NAMRIA. At t h e e n d o f t h e summit, the participants are expected to present a Declaration of Commitment to address the bottlenecks in land administration and management to Cimatu, who will forward the same to President Rodrigo Duterte.

The LMB is a staff bureau of the DENR responsible for the administration, survey, management and disposition of alienable and disposable lands and other public lands not placed under the jurisdiction of

cognizance of all Port State Control Officers.

Last year, Bello issued Department Order No. 181 that prescribes the policy guidelines on the provision of financial security by all PRS covered until December 31, 2017.

It was aimed to ensure that all seafarers are provided with expeditious and effective financial security system, in the form of either ‘insurance agreement or escrow agreement’ in the event of abandonment, and protection from the final consequences of sickness, injury or death occurring in connection with their employment.

The financial security provision is in compliance with the amendments implementing Regulations 2.5 or the Repatriation and 4.2 or Ship owners’ liability, and appendices of the Maritime Labour Convention (MLC, 2006). (Tim Laderas) other government agencies.

In support of the g ov e r n m e nt e f f o r t s t o promote social equity, the DENR’s regional offices are tasked to distribute public agricultural lands to those in the rural areas and to take charge of the processing of agricultural and residential free patent applications.

Last year, the DENR launched the Land Administration and Management SystemPhilippines or LAMS which aims to hasten the processing and delivery of land-related ser vices in the countr y, and promote transparency, accountability and integrity in the management of land records.

T h e Na t i o n a l L a n d Summit is also supported by the HLURB, DTI, HUDCC, BLGF and FEF.

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

11

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

monday|january 22, 2018

TRAIN...

Starex is the local chapter of PISTON. This, even as Guro warned that any jeepney operator who is proven to intentionally cease operation on Wednesday will face P5,000 penalty for abandonment of service based on LTFRB Memorandum 2011-004 which stipulates the terms and conditions in the issuance of certificates of public convenience.

In a separate interview, Lago said that the picket will only last in the morning and the 100 individuals will be representing not just the transport sector but others as well such as the commuters, urban poor, students, teachers and the church.

LTFRB is on the verge of implementing the public utility vehicles modernization program, phasing out jeepneys which could not pass road worthiness.

Guro said that under the program, jeepneys will be meticulously inspected from the functionalities and qualities of each part of the vehicle such as lights, seats and even handrails.

PISTON is crying foul about the modernization, stating that it would hurt majority of the jeepney operators and drivers in the provinces.

L a g o s a i d t h at t h e government could have ordered the jeepney operators to just overhaul their jeepneys instead of phasing them out entirely.

investors that wanted to sell cement in the city also proposed the setting up of an economic zone.

M r. M i l a n s a i d investors prefer sites with complete amenities such as the economic zone of the Floirendo group in neighboring Panabo City, which has an international port.

“So that they (investors) can evaluate the real terms, whether other countries can offer this or are we more competitive… I’ve been saying, we can only promote investments in Davao Region and Mindanao, but our investment promotion has been very ‘biblical’, we don’t have a clear offering, para bang (its like) ‘seek and you shall find’,” Mr. Milan said.

Philippine Economic Zone Authority (PEZA) Director General Charito B. Plaza, in her visit to Davao City last year for the opening of a PEZA center, also called for the establishment of more economic zones in the country’s south, including those on islands around mainland Mindanao.

Early this week, Ms. Plaza visited the city council to discuss with the local legislative members the possibilities for setting up economic zones.

Ho w e v e r, t h e m a i n challenge in setting up economic zones in Davao City is the availability of big enough areas.

Assistant S ecretar y Romeo M. Montenegro, Mindanao Development Authority deputy executive director, said in a separate inter vie w t hat most of the potential properties are privately owned and a c qu i r i ng t h e s e wou l d be very expensive due to “speculative prices.”

“We are considering government-owned lands to be converted into economic zones, but this would entail a long process,” said Mr. Montenegro. “ We w a n t t o m a k e available areas, specific locations along the areas of Mindanao Development Corridor, where we can find the viability of promoting agri-ecozones particularly directed at specific commo dit ies, provide d with support by necessary infrastructure, logistics. This is where the government and private sector have really work together,” he added.

from page 1

from page 1

from page 1

secretary Romeo Montenegro s aid MinDA is clos ely monitoring the situation in terms of electricity impact in Mindanao, considering that 70 percent of the supply for energy is sourced from coal-fired plants.

But he said “the island must not rely heavily on coal and make sure we can integrate renewable energy in terms of fuel and energy so that we are not subject to market volatility on the exchange rate fluctuation, the excise tax and possible levy of export from outside sources”.

Montenegro said MinDA is still pushing mix energy.

He said Mindanao today sources its coal requirements in East Kalimantan, Indonesia.

(PNA)

Transport... from page 1

Zones...

Inc., said that since last year, foreign business groups that have visited the city have been inquiring about economic zones. “ If t h e g ov e r n m e nt is serious in attracting investors, they should be the ones to look for the place and establish an economic zone,” said Mr. Milan in a media forum on Jan. 17.

He cited the business delegation from Taiwan that visited the city last week as making the same inquiry.

During the Davao Investment Conference last year, a group of Indonesian

Teacher...

Guro 2017’.

As reward, the 32-year old Endrana received P330,000 cash prize and plaque of recognition from Manila Teachers Party list in a special ceremony held recently at Wack-Wack Golf and Country Club in Mandaluyong City, Metro Manila.

Ulirang Guro awardees from Luzon and the Visayas received P30,000 cash prizes and plaques of recognition, respectively.

Endrana was the regional winner of the annual search for Ulirang Guro representing D av a o re g i on . He w as

cited for his outstanding contribution in the protection of the environment through awareness campaigns.

Moreover, Endrina was credited for his laudable effort in spreading goodwill and charitable activities for the children of Digos.

On its second successful year of implementation by the Manila Teachers, the Search for Ulirang Guro and Pambansang Ulirang Guro aims to recognize public schoolteachers of their immense contribution in educating the Filipino youth at the grassroots level.

‘Manila Teachers will continue its mandate to be the voice of public school teachers in the halls of Congress and vows to carr y out programs that would uplift and protect their interests ‘, said Manila Teachers Party List Representative Virgilio Lacson.

The teacher-candidates for the annual search underwent process of screening and evaluation based on t h e fol l ow i ng c r ite r i a : personal qualities, 15%; hardwork, 60%; community engagement, 15%; and project development,10% or a total of 100%.

Aside from the top three finalists, nine teachers from various divisions of the Department of Education all over the country were also awarded regional winners, Lacson said.

The board of judges for this year’s search was composed of distinguished educators, namely: Dr. Nilo Rosas, president of New Era University as chairman of the board; Charles Cedrick Maghirang, OIC-program Development officer of DepEd and Dr. Jose Benedicto, vice president of Pagcor.

CPRAT... from page 2

(BUB).

For its part, the city has supported and reinforced the adoption of the process evident in the 80 relevant poverty alleviation projects proposed by the CSOs since 2014. However, it was very clear to the CSO sectoral representatives and the City Poverty Reduction Action Team that, after numerous assessments, many concerns of the CSOs in different barangays did not reach the CPRAT. On the other hand, there were gains resulting from the level of CSO involvements in their respective barangays, thus CPRAT requests for a legislation that will encourage and institutionalize the participation of CSOs of the 80 barangays in the formulation of their development and investment plans and to require the Sangguniang Barangays to resolve the acceptance of the propositions of their citizens through their respective CSOs, barangay assemblies, barangay development councils and barangay poverty reduction actions teams.

CPRAT also asked the City Council headed by Vice Mayor Raineir Joaquin V. Uy to legislate mechanisms for

grassroots participation in the planning and budgeting processes, in accordance with the provisions of the Local Government Code of 1991.

Along with other committees, the said position paper shall be tackled in the committee on finance, budget and appropriations chaired by Councilor Edna M. Dahino. (JAO/SP)

Hyundai... from page 3

painting for its car models within six months from the receipt of the resolution.

“HARI presented its future assembly process in order to comply with the board resolution,” the letter read.

The B OI also wants a refund of tax and duty differentials between completely built-up and knocked-down parts and components on all importations.

But the actual amount to be refunded to the government and the period of payment will be determined by the BOC, the DTI chief added.

“BOI has been actively coordinating with the BOC to provide all information within our purview,” Lopez said.

The top trade official said the BOI would cancel HARI’s participation to MVDP if it fails to comply with the requirements within the given period. (PNA)

Cement... from page 3

1.5 million bags a month.

“It is expanding to meet the needs of the country w hich is exp onent ia l ly requiring cement every year.

Today, we are 22 million metric tons; five years from now, we will be 40 million metric tons. There is a lot of gaps that we have to fill in so we should be building more, and we should not rely on imports,” he said on the sidelines of BBCI’s product launch Thursday night.

Cruz said the company t arge t s to supp or t t he government’s “Build, Build, Build” infrastructure program through “whatever we can produce.”

BBCI chairman Henry Sy Jr. also serves as chairman of listed real estate giant SM Prime Holdings Inc. (PNA)

PSALM... from page 3

agreement) since at the time of payment, NGCP has outstanding obligations to the National Transmission Corp. (TransCo).”

“A c c o r d i n g l y , t h e attached Deferred Payment Amortization Schedule prior to the 15 July 2013 remittance would apply, such that, the maturities under the CA from January 2014 to January 2018 were settled using the P57.88-billion remittance of NGCP,” the PSALM letter read.

NGCP’s franchise came after the country passed Republic Act 9136 in 2001 or the “Electric Power Industry Reform Act of 2001” (EPIRA), which paved the way for the sale of government energy assets.

The law separated the different components of the sector, including power transmission, which was spun off to state agency TransCo ahead of its turnover to the private sector through concession.

Unlike outright sale, the concession agreement allowed the government to keep ownership of the transmission assets through TransCo. Payment of the concession fee is through PSALM. Sought for comment, NGCP spokesperson Cynthia P. Alabanza said in a text message: “NGCP conducts its business in full compliance with its franchise under RA 9511, the concession agreement, and all laws, rules, regulations and other lawful issuances.”

“We are in receipt of a letter from PSALM on this issue, and we have referred the same to our lawyers for further study,” she added.

RA 9511 is the law that granted NGCP a franchise to engage in the business of conveying or transmitting electricity through a high voltage backbone system of interconnected transmission lines, substations and related facilities.

Me lv i n A . Mat i b a g , TransC o president and chief executive of f icer, previously said he was against the prepayment because it deprives the government of interest earnings for the fees, which are paid twice yearly for the duration of the concession agreement.

NG C P won t h e 2 5 year concession in 2007 to operate the country’s power transmission network after an open, public and competitive bidding process. It officially started operations as power transmission service provider in 2009.

SOBA... from page 4

over the medium term -complementary foreign exchange reforms -close monitoring of excessive credit and leverage -continuous development of the country’s backbone for payments and settlements -leveraging digital innovation to reach the financially unserved and underserved, and - f ur t her en hancing a responsive security management framework to help guard our financial system against cyber-threats.

It is an interesting read (or ‘hear’ if you will) considering the very important role played by the Bangko Sentral which affects the lives of every Juan and Maria.

For those interested, a full text of this and other policy speeches are downloadable from the BSP’s website: http : / / w w w. b sp. gov. ph / publications/speeches.asp.

Note: You may email us totingbunye2000@gmail.com.

You may also ‘like’ us on Facebook at “Speaking Out”.

Dialogues... from page 4

the hands of their foreign masters. What would be

more painful would be our inability to do anything to help them, in the exact manner that is happening today.

W h at i s t h e r e a s o n for t h e s e m i s for tu n e s ?

According to the Bible, this is because we are no l onge r l iste n i ng to t he Word of God, even as we are no longer obeying His commands. In other words, we have turned away from God, and this is occasioned by our refusal to read His Bible, and to comply with the things that are written therein.

That being the case, the real solution appears to be this: bringing Filipinos back to God, through a conscientious daily reading of the Bible, meditating on whatever it is that we will be learning from its pages, and complying with each and every command that is found therein. If we do this, God will take away the curses in our lives, and He will even give us the collective success and prosperity of our nation.

-ooo FOR QUESTIONS, REACTIONS: If anyone would like to ask me any question about what the burning issues of the day mean, or what we have discussed here, or to consult on any problem, whatever it maybe, please call 0917 984 24 68, or email me at batasmauricio@yahoo. com, or post your concerns at w w w. f a c e b o o k . c om / attybatas. Promise, I will answer right away. Thank God in the Name of Jesus, Amen!

EXTRAJUDICIAL SETTLEMENT OF THE INTESTATE ESTATE OF THE DECEASED ALICIA LAGROSAS CHUA Notice is hereby given that the intestate estate legitimate heirs of the late ALICIA LAGROSAS CHUA, who died on August 30, 2016 at Naawan, Misamis Oriental, and that her legitimate compulsory heirs are the above-named legitimate children, respectively; without leaving a will; That at the time of her death, the above-deceased left real property consisting of a parcel of land; A PARCEL OF LAND (Lot 1230, Cad-529, Case 2, situated at Barrio of Poblacion,Municipality of Naawan, Province of Misamis Oriental, Island of Mindanao; containing an area of THREE THOUSAND FOUR HUNDRED NINETEEN (3,419) SQUARE METERS, more or less. ALICIA LAGROSAS CHUA is the subject of EXTRAJUDICIAL SETTLEMENT OF THE INTESTATE ESTATE OF THE DECEASED ALICIA LAGROSAS CHUA; is made and entered ESTERLITA CHUA BACALA, of legal age, Filipino, married and a resident of Poblacion, Naawan, Misamis Oriental and JESSIELINDO L. CHUA (dec.), represented by his son, HARRIS D. CHUA, of legal age, Filipino, single and a resident of Poblacion, Naawan, Misamis Oriental; That in the event that any other property of the decedents should later be found which is/are not included herein above, the parties hereto further agree to distribute, divide and adjudicate, as they do hereby distribute, divide and adjudicate the same in like manner; Under Notary Public of Atty. JOHN BRYAN S. ABRAGAN; Doc. No. 81; Page No. 17; Book No. X; Series of 2017.

BWM: January 8, 15 & 22, 2018

12

cmyk

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

monday|january 22, 2018