BusinessWeek Mindanao (January 24, 2018)

BusinessWeek M I N DA N A O CREDIBLE

Volume VIII, No. 104

Market Indicators FOREX

PHISIX

US$1 = P50.835

8,999.02

11.5 cent

48.4 points

RELIABLE

X

Briefly Agri output up THE agriculture sector grew by 2.20 percent in the fourth quarter of 2017, bringing full-year growth to 3.95 percent, the Philippine Statistics Authority (PSA) reported on Friday.

PSA data showed that at current prices, gross value of agricultural output amounted to PHP500.4 billion, up by 9.27 percent from the previous year’s record.

It attributed output growth during October to December increase in crops, livestock and poultry subsectors.

The crops subsector, which accounted for 51.20 percent of the total agricultural output, rose 2.66 percent in the fourth quarter.

E-trike, smart power BUTUAN City -- With an aim to reduce the transport sector’s annual petroleum consumption by 2.8 percent (based on 20 million barrels annual consumption in 2010) and to avoid carbon dioxide emission of the estimated 259,008 tons annually, the Department of Energy (DOE) introduced the energy efficient electric vehicle project or the E-Trike Project during the Alternative Fuels and Energy Technologies Forum held on Tuesday in Bislig City, Surigao del Sur. As explained by Engr.

Federico Domingo, Jr., supervising senior research specialist of DOE, the E-Trike will significantly improve the quality of life of the beneficiaries of E-Trike; promote the use of cleaner and more efficient vehicles; reduce health cost and economic impact of lost productivity as a result of air pollution.

“With the utilization of electronic vehicles, it will also stimulate the market for E-Trike related support services such as charging stations, repair and maintenance shops, parts and supply services,” Domingo added.

IN-DEPTH

Cagayan de Oro Lapasan Highway, Cagayan de Oro City

TRAIN taxes to hike off-grid power rates www.businessweekmindanao.com

As of 5:30 pm January 23, 2018 (tuesday)

X

YOUR Mindanao-wide BUSINESS paper

Wednesday | January 24, 2018

P15.00

C

By MYRNA M. VELASCO, Contributor

ONSUMERS in offgrid areas, including tourism-drawing islands and far-flung areas, will suffer a punitive tariff

hike of P1.74 per kilowatthour (kWh) on the rates to be passed on for the Small Powe r Ut i l it i e s Group taxes/PAGE 11

Kuyamis give birth to farmer’s mart in Misor

By GERRY LEE GORIT, Reporter

THE provincial government of Misamis Oriental is now holding a “farmer’s market” every Friday and Saturday as a prelude to the just-held

annual Kuyamis Festival.

Star ting Januar y 19, farmers from the various towns in Misamis Oriental mart/PAGE 11

FLUVIAL PARADE. A boy leisurely wades as the Sto. Nino fluvial parade zooms past him along the Bayabas coastline in Cagayan de Oro City Monday, January 22. photo by mark francisco

Japanese choco maker eyes Davao

By ANTONIO L. COLINA IV, MindaNews

DAVAO City -- A high-end Japanese chocolate company has signified interest in putting up a chocolate manufacturing facility in the city, Davao City Investment

Promotions Center head Lemuel Ortonio said.

Ortonio told reporters on Tuesday that representatives of the Japanese company had already presented a feasibility

study to city officials last year.

The investment official said the company is “80-percent” convinced and hopeful they can firm up their decision within the year, as this will help local cacao choco/PAGE 11

FARMER’S MARKET. Farmers display a Sugar beets, a root crop found in Misamis Oriental, during the farmer’s market at the capitol ground which can be bought at P100 per kilo. photo by gerry lee gorit

Postponement of barangay polls needs act of Congress: Comelec But incumbent barangay officials push to hold off May 14 elections

By MARK FRANCISCO, Staff Writer

POLLS POSTPONEMENT. Liga ng mga Barangay - Cagayan de Oro secretary Jerico Goldmar Ebabacol speaks in behalf of the hundreds of barangay officials from Caraga, Northern Mindanao and ARMM pushing for the postponement of the May 14 barangay elections. photo by gerry lee gorit

THE Commission on Elections (Comelec) on Tuesday explained that t h e c om m i s s i on c ou l d postpone the barangay and Sangguniang Kabataan (SK)

elections for only up to a month. But beyond that, it needs an act by Congress.

Speaking during the public hearing held by the commission regarding the

impending postponement of the May 14 elections in Cagayan de Oro City, Commissioner Luie Tito Guia said that they conducted the Mindanao-wide consultation series because the island is polls/PAGE 11

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

2

Economy

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

wednesday|january 24, 2018

‘BOSS’ extended in Zamboanga

Z

AMBOANGA City -- The city government has extended for 11 days the operation of the Business One Stop Shop (BOSS) to accommodate more business registrations and renewals of licenses.

Cesar Raz, assistant city administrator for operations, on Saturday said the BOSS, which was supposed to end its operation Saturday, January 20, would remain operational until the end of this month.

The extension of BOSS operation is backed by a resolution approved on Tuesday by the City Council during its

maiden session for this year.

The BOSS is located at the Centro Latino Hall of the Paseo del Mar. It houses all the offices and agencies involve in the processing and issuance of business license.

But the BOSS will only be open from 8 a.m. to 5 p.m. from Monday to Friday unlike its previous schedule of 8 a.m. to 8 p.m. Monday to Friday and 8 a.m. to 5 p.m. on Saturdays, Sundays and Holidays.

He said, since it opened last January 3, BOSS had processed 4,800 business licenses.

He admitted that the processing and renewal

of business license this year takes time due to the strict implementation of requirements by the

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

of documentary requirements such as the land use and fire inspection certificate.

Last year, the onestop-shop has processed some 10,000 renewals of business permits. (PNA)

PESO reveals 2017 year-end report MISAMIS Oriental -The Public Employment Service Office (PESO) has extended assistance to 6,481 job seekers in 2017 through the issuance of PESO Certification, Recommendation and Referral to Government and Private Agencies, National Bureau of Investigation (NBI) assistance for immediate release of clearance hassle and stress free.

RPN Radyo Ronda Stations Nationwide

CNN Philippines Stations Nationwide

regulatory board.

The board is consist of the agencies involved in the issuance

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

In keeping with its mandate to provide a venue where jobseekers could explore simultaneously various employment options, PESO has conducted two Job Fairs in January and February 2017, which coincided with the celebration of Kuyamis Festival and Iskolar Ko Ni Bambi (IKNB) General Assembly, respectively.

There were 57 employment-partners/ providers, local and overseas alike, with 1,749 vacancies solicited in the local level and 8,034 vacancies for overseas employment. PESO assisted 1,380 job seekers; 28 applicants were Hiredon-the-Spot (HOTS), and 922 were on the waitinglist, deemed qualified for final interview.

To date, 42 percent therefrom was already employed especially with the emergence of Envision Philippines and opening of SM CdO Premier, among others, which bolstered the continued growth of the province, ensuring more employment opportunities for Misaminons and Cagayan-anons.

PESO likewise facilitated the conduct of 30 Special Recruitment

Activity (SRA) of various agencies, undertaken at the Capitol premises, with 12,917 job vacancies.

Also, 2,066 applicants were referred and placed to local and overseas employment providers.

The BAMBI Employment and Welfare Assistance Program was also implemented to address issues that were related to employment, local or overseas, also to protect workers with their rights.

Meanwhile, partners, siblings and parents of OFW’s visited the PESO office to seek assistance.

Based on the records, PESO assisted 30 Next on Kin (NOK) on several cases of maltreatment of OFWs in Saudi Arabia and PESO has been instrumental for their repatriation in coordination with the Overseas Workers and Welfare Administration (OWWA).

Others were referred to National Labor Relations Commission (NLRC) for Money Claims and other OFWs from Saudi Arabia were referred to Department of Labor and Employment (DOLE) for livelihood and entrepreneurial ventures.

According to PESO, all these can be attributed on the assistance extended

by Governor Bambi Emano to the aggrieved domestic and overseas Filipino workers under the program BAMBI Employment/Welfare Assistance.

PESO has also embarked on the Special Program for Employment of Students (SPES), where 898 students and Out-ofSchool Youth (OSY) were given employment last summer. The beneficiaries come from the lessprivileged families, who don’t have the means but have the ability to pursue their college education.

SPES Orientation was successfully held in municipalities on May 4, 2017; Laguindingan for the Western District and Talisayan in Eastern District.

Junior Employment Facilitators’ work assignments have levelledup, unlike in the past summer employment, where they were made to clean in public places and do clerical works.

Emano, in his administration, delves into a more innovative approach, where report/PAGE 11

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

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

wednesday|january 24, 2018

cmyk

3

4

Opinion

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

wednesday|january 24, 2018

Good copy

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

The waste think a minute

jhan tiafau hurst THINK a minute.

Do you remember as a child being afraid of the boogie man or monsters at night? But now that you’re an adult, you know better than to be afraid of things that don’t exist, right? It’s amazing how we adults still have fears and worries about things that are not real.

Like the man who said: “Don’t tell me worr ying doesn’t help. Almost all the things I worry about never happen to me!”

The crazy thing is that worry and fear make you run from something that isn’t even chasi ng you .

Besides, worry only gives you wrinkles, which is just something else to worry about!

England’s former Prime Minister, Winston Churchill, said that whenever he started

to worry he’d remember the man on his deathbed who said, “I’ve had a lot of trouble in my life—and most of it never happened!”

You see,it’s not work that kills people, it’s worry. When you fear the future, you’re wasting the present. Besides, today has enough trouble of its own. So “At night, give your worries to God. He’s up all night anyway!”

Fear and worry are kind of like a rocking chair: it keeps you going, but you don’t get any where! And if you can’t help worrying, remember that worrying, can’t help you either. Fear will often find proof in itself.

If you’re fearful, you’ll f ind somet hing to be fearful about. That’s why the American President, Franklin Roosevelt, said: “The only thing we have to fear is fear itself.” Many of us are afraid of what others think; but if we knew how seldom they actually think about us, we’d know not to worry.

So whatever you’re afraid of or worrying about, ask yourself: Is it real? And if it is real, how will worrying about it help you? How long will it last? Is it something you can change? If not, how waste/PAGE 9

Ruffy magbanua ALWAYS on the go, President Duterte has that impression of a one-of-a-kind public persona --- a determined leader w ith a peculiar character: a ‘no-nonsense, no-matter-what’ kind of attitude.

D ute r te’s ag g re s s ive language and violent tactics are proof of his toughness that shocked and awed not only Imperial Manila but the world at large.

have my say

klaus doring Sometimes, we might ask ourselves: What is the sense of doing this and that? What is the meaning of life? I am sure, each and every one of us looks for a good life.

Sometimes, we seem to remain very optimistic. We think it’s easy to find always a good life. Most of the time, we are in doubt or, we even choose to be unhappy without any reason at all. To wake up in the morning with pessimism and fall asleep at night, dissatisfied and unhappy - yes, that makes life miserable.

Without happiness and satisfaction there is indeed no space for peace in our

By being true to himself, he had all the sarcasm for the well-heeled, scented crowd of the elite and the mighty with his gutter language, but done an impressive job of endearing himself in the eyes of the greater mass.

His recent excellent satisfaction rating says it all.

Duterte may be coarse, rough and uncouth, but throughout his stint in Malacanang so far, he has played well with metaphors -- the direct approach of governance that locked him up with the culture of the masses’ behavior and thinking.

Duterte’s obnoxious ways are something previous leaders could not replicate, nor out-shadow, or even out-pace him.

What matters most to people is Duterte’s standpoint and how he conveys his biting

messages correctly and effectively albeit sarcastically.

But with a steady record of very good ratings courtesy of SWS and Pulse Asia, more people have become optimistic about change in their quality of life.

And more people as well are satisfied with how democracy works under a foul-mouthed, aggressive presidency. This includes how press freedom is exercised under his ward.

F u r t h e r, Duterte remains tough on crime and corruption, but still notorious for his aggressive rhetorics and policies.

Despite criticisms, Duterte’s popularity has held strong in this country.

The SWS/Pulse Asia survey results show that majority of Filipinos are satisfied with his administration.

Yet despite all negative

How to “survive”? hearts and minds. Therefore there is no domestic harmony and logically, no peace on earth. The meaning of happiness is trying to manage life even with big problems, difficulties and trials. I learned this from Fi lipinos since st ay ing in the Philippines as an e x p at r i ate for go o d i n 1999.I was really surprised to experience mutual h ap p i n e s s , f r i e n d s h i p, love, unity and communal spirit with relatives in my surroundings.

Of course, I also found myself in ver y negative situations. I observed people, who seem to live an easy go lucky way life. But, they were like actors and actresses on stage, wearing incredible masks and pretending to be what they are not.

Hence, in Greek, they are the so-called hypocrites.

Maybe also you and me are belonging to them from time to time. Fear of rejection or displeasure of other people are becoming our daily friends. In society, it’s called “good public relation”.

Politely greeting and smiling with a set of purpose: to win them to their business.

William Congreve (16701729), English dramatist shaped the English comedy of manners through his brilliant comic dialogue, his satirical portrayal of the war of the sexes, and his ironic scrutiny of the affectations of his age. His major plays were The Old Bachelour (1693), The Double-Dealer (1693), Love for Love (1695), and The Way of the World (1700).In his “Preface to Dryden”, he wrote: No mask like open truth to cover lies as to go naked is the best disguise.

S o, w h at r e a l l y counts for us in life? Success?

Power? Strength? Money? Is it contentment? Is it peace on earth? Is it peace in our homes? Zest for life?

Let us go through life’s journey: From the time, we have been babies bubbling like a brook on the first blush of spring. We hurried up, unaware of problems and troubles, being unconscious of time, as adults we worried

impressions about him, his presidency is not the usual thing — he is now part of a global phenomenon worth a penny to mention: Russia has Putin, the U.S. has Trump and China has Xi Jinping.

Tough stance, disciplinary grit, but an endearing figure of a father – these are the admirable and remarkable qualities that make President Duterte an idol and a role model in the eyes of the ordinary Filipino.

And yes, majority of the people admire President Duterte, not because of his incorruptibility and sympathy for the masses, but because of doing the extra mile -- bravery and even suicidal in governance.

There has never been a President who took time out to be with weary troops fighting in Marawi and the copy/PAGE 9

and became conscious of money. Then, suddenly, we looked at our aces, the first wrinkles, and the baldy patch on the forehead, the first grey hair. We observed our teeth falling out and our eyeglasses got thicker and our bones crack here and there.

We start the familiar line: “When I was young... .” And we realize our mortality.

Death could knock at our door any time. We feel humbled. We have mellowed.

Have I done no wrong?

Have I been self less or selfish? Have I been missionoriented since then? Have I lived a life worthy in God’s eyes? What really counted for me? Ano ang mahalaga? Paniniwala? Pagasa? O kaya pagbibigayan at pagtutulungan? +++ Email: dor ingklau s@ gmail.com or follow me i n Fa c eb o o k , Li n k e d In or Twitter or visit www. germanexpatinthephilippines. b l o g s p o t . c o m o r w w w. klausdoringsclassicalmusic. blogspot.com.

Mocha’s UST award shouldn’t be revoked Kakampi mo ang batas

Batas Mauricio LIFE’S INSPIR ATIONS: “… “Jesus replied… `You hypocrites! Isaiah was right when he prophesied about you---`These people honor me with their lips, but their hearts are far from me’…”

(Mateo 15:7, the Holy Bible).

-ooo M O C H A ’ S UST AWAR D SHOULD NOT BE REVOKED: If I were the president of the University

of Sto. Toma s A lu m n i Association, I will not agree to calls seeking the cancellation of the award which the group gave to movie actress Mocha Uson, or Esther Margaux Justiniano Uson in real life who is now an Assistant Secretary of the Presidential Communications Operations O f f ic e (P C O O) i n Malacanang.

I will not accede to those calls, being rabidlymade by different groups of students and alumni of UST, precisely because the award was in reality a greatly truthful award. Is it not a fact that the UST Alumni Association hands out those awards to recognize UST alumni who are serving in government?

And is not Mocha with the government now, serving as a deputy presidential spokesperson?

Indeed, it would seem that the only motivation behind the acrimonious attacks against the award to Mocha is envy. First, she is concededly far more famous t han any of her critics.

Second, she is occupying a government position which carries a lot of influence, if not power, since she appears to rub elbows with President Duterte almost on a daily basis. Third, I am certain she also has a hand in many recent directions of the government.

-ooo NO ON E H A S T H E R IGHT TO JUDGE MOCHA: Whatever kind of life that Mocha went through in the past, or whatever controversies she maybe involved in at present, no one has any right to judge her.

And there is also absolutely

no one who shou ld be meddling in anyway over the recognition that her fellow alumni from UST gave her.

The truth is that, the UST Alumni Association is led by men and women whose credibility and integrity could not be questioned by anyone. I am sure that when these men and women decided to recognize Mocha on the basis of the conceded t r ut h t hat she is rea l ly serving as a high official of the present government, stationed in Malacanang yet, this decision was the result of long deliberations and discussions.

And when the leadership of t he UST A lumni Association finally ruled to give Mocha the award, under the category of UST alumni who have been appointed revoked/PAGE 7

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

wednesday|january 24, 2018

DOE examines linkage of power markets to stock exchanges

By MYRNA M. VELASCO, Contributor

Before rendering any decision to the proposal of the Philippine Stock Exchange (PSE) to take over the operations of the Wholesale Electricity Spot Market (WESM), Energy Secretary Alfonso G. Cusi told reporters that they will carefully examine first the amalgamation of power spot markets to that of stock exchanges as may have been done in other jurisdictions.

“I have the responsibility to look at that…I am benchmarking also as to how the other countries are doing it,” the energy chief said.

He mentioned that initial scrutiny being done by the DOE is that of Tokyo Commodity Exchange, Inc. (TOCOM), Japan’s one-stop marketplace for trading of commodities and financial products, such as futures or derivatives transactions.

Nevertheless, for that country’s day-ahead and intra-day auction of power capacities, this is still done under the Japan Electric Power Exchange (JEPX).

TOCOM is a fusion of J-Gate (Japan Global Access Trading Engine),

5

CorporateWorld

which is Osaka’s trading system for derivatives; and that of JPX or the Japan Exchange Group which operates Japan’s multiple securities exchanges, including those of Tokyo Stock Exchange and Osaka Securities Exchange.

That was formed in 2013 and followed the business model on trading system of derivatives instituted by NASDAQ stock market of the United States, the second largest exchange in the world by market capitalization, next to the New York Stock Exchange.

As noted by energy experts, what is apparent actually in experiences of various countries is the merger of the two markets when it comes to derivatives transactions and as ‘futures market’ of commodities.

Cusi said firming up the study on the PSE proposal is being pursued parallel to the incorporation of the Independent Market Operator (IMO) being pushed for the country’s WESM, that based on the energy chief ’s assessment linkage/PAGE 9

Ayala restructures energy business

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)

PETRON Corp. said it had completed the issuance of its $500-million undated unsubordinated capital securities, which were listed in Singapore on Monday.

The country’s largest integrated oil refining and marketing company expects net proceeds of approximately $498 million after the deduction of commissions with the issuance’s completion on Jan. 19.

The amount will be

applied by the company “for the repurchase, refinancing and/or redemption of undated subordinated capital securities, the repayment of indebtedness and for general corporate purposes, including capital expenditures,” it said.

“The securities are expected to be listed with the Singapore Exchange Securities Trading Limited on Jan. 22, 2018,” it told the local bourse.

Petron’s senior

perpetual capital securities, or debt that has no maturity date for the return of principal, pay an interest of 4.6% per annum.

Subject to applicable law, Petron may redeem the securities — in whole but not in part — on the “step up date” or any subsequent distribution payment date at the redemption price after giving not less than 30 and not more than 60 calendar days’ irrevocable notice.

The company set the

distribution payment dates on Jan. 19 and July of each year starting on July 19, 2018. It placed the step up date on July 19, 2023.

Petron’s issuance comes after the company said last week that it would be buying its debt holders’ $401,957,000 worth of securities in a tender offer.

The figure was the total tendered through the offering and the final maximum acceptance amount determined by the company.

Petron completes issuance of capital securities worth $500M

6

Billboard

Help PH bet Katarina Rodriguez advance to the Finals of Miss Intercontinental 2017

Filipinos around the world can help Katarina Rodriguez give the Philippines its first Miss Intercontinental title by voting for her online.

The Philippines has so far continued to enjoy success in the international pageant scene in 2017, and Binibining Pilipinas Intercontinental Katarina Rodriguez is hoping to give the country one more crown.

Currently in Egypt for the Miss Intercontinental competition, Katarina is determined to give the country its first ever Miss Intercontinental title.

And Filipinos around the world can help her get closer to that dream by voting for her in the pageant’s online poll prior to the coronation night on January 24 (January 25, Manila time).

Netizens just have to go to http://www. missintercontinental. com/voting-missintercontinental-2017/ and select Katarina and two other contestants for their votes to count. Voting ends on January 23, 9 p.m. (Egypt time, around 3 a.m. of January 24 in Manila). The winner of the online poll will

automatically advance to the final stage of the competition.

This year’s Miss Intercontinental competition will be held at the Sunrise Resort in Hurghada. Sunrise Resort offers a scenic view of the sea and even has its own private beach and lagoon. The hotel is also a primary mover in Hurghada’s party scene.

The blog The Great Pageant Community is also holding a separate online poll, with the winner being named the TGPC’s People’s Choice and advancing directly to the semifinals. Netizens can vote

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

wednesday|january 24, 2018

unlimited number of times, but the poll will close on the midnight of January 23 Indian Standard Time (PH Standard Time is 2.5 hours ahead of IST). The link for voting in TGPC’s People’s Choice is https://thegreatpageantcommunity. com/2017/12/16/official-poll-miss-intercontinental-2017-vote-now/ Aside from being a successful ramp, commercial and print model—she finished second runner up in Asia’s Next Top Model in 2014—Katarina is also an advocate of peace and HIV-Aids awareness.

Globe Telecom Named GoCanvas APAC Partner of the Year 2017

easily customized by any type of business to Mobile workflow automation empower their workforce, unleashing the value in platform GoCanvas has awarded leading data across the organization to help them connect telecommunications company Globe Telecom its better with colleagues and engage more effectively APAC Partner of the Year award for 2017. with customers.

Globe is a major user of the GoCanvas GoCanvas is trusted by thousands of platform, with multiple use cases covering businesses throughout 70 countries, automating everything from internal expense and vacation millions of workplace activities, making it one of requests, to vehicle repair request and audit checks. With a major project underway to roll out the fastest growing mobile platforms in the world.

GoCanvas to its entire 7,600 workforce, Globe has To learn more, visit www.gocanvas.com.

About Globe become one of the largest GoCanvas clients.

Globe Telecom is a leading full service “The Philippines is at the forefront of digital transformation for businesses in the APAC region telecommunications company in the Philippines, serving the needs of consumers and businesses – Globe Telecom is a key factor in the rapid across an entire suite of products and services adoption of smartphones and the automation of including mobile, fixed, broadband, data workplace processes,” said GoCanvas CEO James connections, internet and managed services. Its Quigley. “We share Globe Telecom’s commitment principals are Ayala Corporation and SingTel who to green initiatives and look forward to our are acknowledged industry leaders in the country continuing partnership helping thousands more and in the region. For more information, visit businesses mobilize their workforce and fuel www.globe.com.ph. Follow us on Twitter: http:// sustainable innovation.” twitter.com/talk2Globe and Facebook: http:// “We’re delighted to be named the GoCanvas facebook.com/GlobePH. Partner of the Year,” said Peter Maquera, Globe Senior Vice President for Enterprise Group. “This accolade speaks volumes as our efforts in automating our business processes and the continuous reduction of our ecological footprint proves to be a great success. Aligned to our purpose, we will continue to enable our employees with simpler business processes that will help reduce the impact of our business operations and actively care for the environment.”

As part of the award, GoCanvas will provide its services and expertise free of charge through its AnteUp Program to several of the charities supported by Globe.

The first will be the Hineleban Foundation which aims to revive ecosystems in the Philippines, focusing on reforestation and community work.

About GoCanvas GoCanvas is a mobile platform that makes it simple for business to automate how work is done, replacing outdated processes and expensive paperwork. The GoCanvas App works on smartphones and tablets, helping companies to easily collect information, share it instantly with others and gain real-time insight of their business GoCanvas CEO James Quigley hand-delivers the award to Globe President and CEO Ernest Cu operations. GoCanvas can be

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

wednesday|january 24, 2018

Banking&Finance

BSP reminds banks on measures vs. clients engaged in gaming biz

T

HE Bangko Sentral ng Pilipinas (BSP) has called on banks to follow stricter measures on the rising number of clients engaged in gambling and or online gaming business.

BSP Deputy Governor Chuchi Fonacier, in Memorandum No. M-‎2018-002, said banks now have greater exposures to gamingrelated clients, thus, the need to “ensure the soundness of their risk

management policies and practices to manage risk exposures arising from the transactions of these customers.”

First of these rules is for the banks’ Board of Directors (BOD) to set the financial institutions’ risk appetite and to require an adequate reporting mechanism to update the Board on risk exposure for it to “make informed decisions and issue appropriate directives.”

Banks need to also conduct necessary

due diligence on the customers “to ensure that they will not be used as channel for money laundering (ML)/terrorist financing (TF) activities.”

These measures include really understanding their customers’ business model to foresee any suspicious activities, transacting only to authorized or licensed gaming business, and verifying the identity of the businesses’ owners.

Banks are also required to have customer risk

assessment that focuses on their client’s business operations and products, types of customers, the business distribution channel and jurisdictions where the gaming business operates.

Continued account and transaction monitoring are also required from the banks, the Memorandum said, as it pointed out that banks are expected to have their Money Laundering and Terrorist Financing Prevention Program. (PNA)

UnionBank eyes 500K SME clients by year-end PUBLICLY-listed universal bank UnionBank targets to double the number of its small and medium enterprise (SME) clients by end of this year to 500,000 as it plans to cater more to this segment, which accounts for around 99 percent of businesses in the country.

UnionBank President Edwin Bautista said they have started focusing on the SME sector only in 2017, hence they see a huge opportunity for the growth of the sector.

“We’re expanding the base (250,000), possibly double it,” he told the Philippine News Agency in an interview after a press briefing on the bank’s tie-up with Visa on

the usage of the Visa B2B Connect.

Visa B2B Connect is a business solution platform that allows financial institutions to provide their clients fast and secure cross-border payments.

Visa tapped UnionBank as its pilot bank partner in the Philippines, where it targets to have its commercial launch later this year.

The platform uses the so-called “blockchain technology,” which allows the transfer of funds real time or the next day at the most instead of around three to five days.

Bautista said they are targeting to tap

SME trading partners of their existing corporate clients, which the bank serves through its cash management services.

“These are the recipients of the payments so there is a connect to know them. We’re not approaching them because of their connection to customers we do business with,” he said.

“We’re not able to reach them much before but now, with data analytics we’re starting to understand more their behavior. We’re able to identify the flow that goes into them and all of that stuff,” he added.

Meanwhile, Unionbank Chairman Tito Ortiz said Visa B2B Connect would

allow the bank to provide more efficient and safe cross-border payment transactions, from SME to their sources and vice versa.

He said this system will allow small businesses to properly manage their cash flows.

“And for SMEs, timing cash flow is very critical to their survival. Technology is tremendously empowering,” he said.

Other banks that Visa has tapped for the pilot implementation of this payment platform include the Commerce Bank in the United States, Shinhan Bank of South Korea, Sberbank in Russia and United Overseas Bank of Singapore. (PNA)

BDO pays ATM skimming victims A RANKING Bangko Sentral ng Pilipinas (BSP) official dubbed as positive the decision of Sy-led Banco De Oro Unibank Inc. (BDO) to pay its account holders who have reported to have been victimized by ATM skimming even as investigations are ongoing.

This after BDO President and CEO Nestor Tan told reporters during the annual Bankers’ Night held Friday, January 19, that the universal bank paid its clients victimized by skimming.

Skimming is an illegal way of obtaining information of an account holder using a machine

that resembles an ATM card slot. Once a client inserted the card in the “fake ATM card slot”, embedded personal details were captured.

The hackers then use a fake ATM card to withdraw funds from the victim’s account.

BDO earlier called on its account holders to report to the bank any unauthorized transaction.

It also assured its clients that measures are being undertaken to ensure the safety of its account holders’ funds.

BSP Deputy Governor Chuchi Fonacier said BDO’s decision was part of the liability shift rules implemented by

the central bank since January 1, 2017.

This rule was put in place as a safeguard to any fraudulent activity as banks transition to the use of Europay, Mastercard and Visa (EMV) technology, in compliance with BSP requirements.

However, banks have yet to fully comply with this program, thus, monetary officials have given them until June 30, 2018 to comply or pay the corresponding penalties.

Fonacier said most of the automated teller machines (ATMs) in the country are now EMVcompliant and the issue was on the ATM cards

due to the volume issued.

In the case of BDO, the central bank official declined to give figures on how many cases have been reported or the amount compromised, saying there are several reports that she already lost track of these.

She said banks were required to pay the supposed victims within 10 days after receiving the report but this did not happen because of the investigation.

She said that based on the BDO reports to the BSP, some of these skimming cases happened overseas, probably in areas where EMV was not being used. (PNA)

Revoked...

already finished studying, at the UST. The woman was brought to Jesus, to ask Him whether He would agree to apply the law on adulterers which requires stoning the woman to death.

Because Jesus knew the darkness lurking in the hearts of those who wanted to stone the woman to death, and because He knew that the accusers were themselves sinners, He told them that whoever had no sin should be the one to throw the first stone. Then Jesus sat down and

started writing on the ground with His finger.

When the people heard this, they slowly left, one by one---proof that they who had accused another of sinfulness were themselves confessed sinners, preventing any of them from stoning her. When Jesus saw that everyone had left, He told the woman, “ I am not condemning you either”. It is unfortunate to think that the descendants of the sinful accusers appear to have persisted to this day!

-ooo FOR QU E ST IONS , 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 www.facebook.com/attybatas.

Promise, I will answer right away. Thank God in the Name of Jesus, Amen!

from page 4

to the government, all of them knew precisely what they were doing. Because of this, they are in duty bound to uphold their decision.

-ooo JESUS HATES HYPOCRITES: This made me recall the story of the woman who was caught in the act of adultery, a story which, I am sure, is fully known to those still studying, or who have

7 OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

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

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

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

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

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

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

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

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

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

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

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

METRO BANK- GAISANO 8561720

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

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

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

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

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

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

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

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

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

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

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

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

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

ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

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

Capistrano Corner CruzTaal St. CDO 8524099/722695

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

8

Environment

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

wednesday|january 24, 2018

Cimatu wants hammerhead shark killers prosecuted

E

nvironment Secretary Roy A. Cimatu has condemned the killing of an endangered hammerhead shark that was stranded in the waters off Currimao town in Ilocos Norte.

Cimatu said those behind the killing of the large fish, which was reportedly beaten to death early last week, must be brought to the bar of justice.

“It is unacceptable behavior to hurt living creatures, more so, an endangered species,” Cimatu pointed out.

He added: “What they have done is illegal and government will find out the people involved in its capture. I want them prosecuted.”

Hammerhead is a globally endangered shark species that has been seriously overfished, primarily for its fins.

Although it is an aggressive hunter, feeding

on smaller fish, octopuses, squid and crustaceans; a hammerhead shark does not actively seek out human prey, but is very defensive and will attack when provoked.

Reports reaching the DENR central office in Quezon City said the shark was caught by a local fisherman, who would sell the meat for human consumption.

The fisherman was reportedly apprehended but was later on released on orders of a barangay official, according to Development Management Officer IV Rosalia Punugtilan of the Laoag Community Environment and Natural Resources Office.

Cimatu said the DENR will closely coordinate with the Department of Agriculture (DA) regarding the incident.

The environment chief said he would ask the DA to initiate administrative charges against the

barangay official, who ordered the release of the suspect.

Under the law, the DA’s Bureau of Fisheries and Aquatic Resources or BFAR has jurisdiction over all shark species found within Philippine waters.

The Philippines is a signatory to the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES), which promotes the protection of commercially exploited sharks, including three hammerhead species: the scalloped hammerhead, great hammerhead and smooth hammerhead.

Republic Act No. 9147 or the Wildlife Resources Conservation and Protection Act strictly prohibits the hunting, selling and killing of endangered species.

Violators could face a jail term of up to 8 years and a fine ranging from P300,000 to P3 million.

DENR, Green Convergence partner anew for 2nd Philippine Environment Summit The Department of Environment and Natural Resources (DENR) is again teaming up with Green Convergence Philippines to hold the second Philippine Environment Summit slated for February 20-22 at the Waterfront Hotel in Cebu City.

With the theme, “Mainstreaming innovations for sustainable development,” DENR Secretary Roy A. Cimatu said the summit will serve as a perfect venue to celebrate the initiative and creativity of organizations and individuals who contribute to social and economic growth, while protecting the environment.

“With this summit, we can showcase the handiwork of those who have contributed to social and economic advancement while encouraging everyone else to work together for environmental protection and sustainable development,” Cimatu said.

Hundreds of participants are expected to attend the event that will feature renowned leaders of government, the church, environment, civic organizations and the academe as plenary and resources speakers in breakout sessions and as

exhibitors.

Climate advocate and former United States Vice President Al Gore, Convention on Migratory Species deputy executive director Bradnee Chambers, and Energy Development Corp. chair and CEO Federico Lopez were among those invited as resource speakers.

Aside from Cimatu, Cebu Governor Hilario Davide III and Green Convergence president Angelina Galang will deliver messages during the opening ceremonies.

It will be followed by the launch of Green Convergence’s virtual library and inauguration of exhibit featuring programs on renewable energy, organic agriculture, safe food manufacture, native trees reforestation, ecological solid waste management, climate change adaptation and mitigation measures, and ecotourism.

Green Convergence is a large coalition of environmental and developmental organizations, networks, faith-based groups and individuals championing food safety, healthy environment and sustainable economy.

In the afternoon of the summit’s Day 1, there will be simultaneous breakout sessions on

plant-based manufacturing industries, environmental technologies, organic agriculture, advocacy strategies and solid waste management success stories.

On Day 2, DENR Undersecretary Jonas Leones will speak on the Sustainable Development Goals and the environment aspects of the Philippine Development Plan, while Senator Cynthia Villar will discuss sustainable environmental programs to attain a “triple bottomline” for social, economic and ecological gains. Deputy Ombudsman Gerard Mosquera, meanwhile, will talk about the challenges in enforcing the country’s

environmental laws.

Topics for the afternoon’s breakout sessions will be environment-friendly enterprises, the “Green Church,” eco-governance, tools for resiliency, and eco-friendly and sustainable schools.

On Day 3, Gore will tackle the significant strides in the climate change movement during plenary sessions. After him will be Chambers and Lopez.

Breakout sessions will cover the following topics: preserving the heritage of native trees; landscape and seascape governance; environmental architecture; renewable Summit/PAGE 9

Cimatu vows crackdown on Manila Bay polluters Environment Secretary Roy A. Cimatu has pledged stricter law enforcement to punish those who pollute the Manila Bay even as he called for a concerted effort among all sectors to clean up one of the country’s most polluted water bodies.

Cimatu said the Department of Environment and Natural Resources (DENR) will be more stringent in enforcing laws on solid waste and wastewater, which is a key part of addressing the worsening pollution problem in the historic bay.

“The DENR is changing its paradigm of enforcement, prioritizing and doing a clean sweep of all dischargers of volume and toxic wastewater, randomizing inspections, imposing holidays on those who have not secured wastewater discharge permits, and raising penalties and surcharges for those who still do not have them after the prescribed amnesty period,” Cimatu said.

Cimatu unveiled the plans of his department during the first consultation meeting with Manila Bay stakeholders held at the DENR central office in Quezon City last

Monday.

These plans, he said, would help the DENR comply more effectively with the writ of continuing mandamus issued by the Supreme Court in 2008, directing the DENR and 13 other government agencies to clean up and rehabilitate Manila Bay. Cimatu said the operational plan for Manila Bay will again make a gargantuan effort to remove illegal structures along the bay and its tributaries, and relocate people who live in areas where they are in danger and which should not be places of human habitation.

“These people are discharging directly into our waterways so it is no surprise that fecal coliform is very high in our urban water bodies,” he pointed out.

With about 30 percent of the country’s population live within the Manila Bay basin and 17 river systems draining into it, Cimatu said it was not surprising the world-famous sunset destination is the country’s “most polluted body of water and an urgent rehabilitation project.”

Citing a 2008 World Bank report, Cimatu said crackdown/PAGE 9

9

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

wednesday|january 24, 2018

Waste... from page 4

can you best accept and handle it? Then finally ask yourself: How important will this be a year from now? Will it be important to me at the end of my life?

Today, why not give your life, and all its worries, to Jesus Christ? Ask Him to take charge. Then you’ ll know that after you’ve done your best, He’ll always take care of the rest.

Just Think a Minute.

Copy... from page 4

order to extend martial law in Mindanao.

There never was a President who traded guts and fury with the communist insurgents, calling their ageing Chair man Joma Sison to be man enough by returning home and face him off squarely.

There never was a leader of this country who openly cursed the US and the EU of influence-meddling in the internal affairs of the state vis-à-vis the reported EJKs and human rights violations.

There never was a President who locked horns with the left-inspired street honkers by joining them in a rally outside the halls of Congress.

There could be more in the Duterte’s list. But for now, let’s cross our fingers tight. We are in for more exciting days ahead of us.

Duterte is a good copy indeed! (ruffy44_ph2000@yahoo. com)

Linkage... from page 5

would likely be completed June this year. “According to the timeline that we discussed, we’re going to realize the IMO by June, 2018,” he said.

Data furnished to Manila Bulletin show that aside from TO COM and NASDAQ though, most of the power spot markets and stock exchanges worldwide still thrive separately on their classified functions.

In particular, the energy spot markets of the United Kingdom, Netherlands and Belgium are under EPEX Spot or APX Group; while their stock exchanges are the London Stock Exchange, Euronext Amsterdam and Brussels Stock Exchange, respectively. Additionally, energy commodities trading are also done separately in the New York Mercantile Exchange, in the case of America’s biggest market.

As i a n n e i g h b o r s i n Singapore, Australia, South Korea and India also have detached energ y spot markets from their stock exchanges. Australia has National Electricity Market for power and has its Australia Stock Exchange as a separate entity; Singapore also has its National Electricity Market for spot power trading apart from its Singapore Exchange Limited or SGX for stocks; India has India Energ y Exchange (IEX) for day ahead

auctions and term ahead transactions for energy while its National Stock Exchange exists distinctly; and South Korea has Korea Power Exchange (KPX) for energy trading while its Korea Stock Exchange (KOSPI) thrives separately.

Other power markets that have successful operations of independent or autonomous energy spot markets have been those of: Pennsylvania-New JerseyMaryland Interconnection of the United States; Nordpool Spot of the Europe’s Nordic region; the Iberian Electricity Market of Spain and Portugal; Moscow Energy Exchange (MOSENEX) of Russia; the BSP Southpool Energy Exchange of Italy, Austria and Slovenia; Croatian Power Exchange Ltd. (CROPEX) of Croatia; European Energy Exchange (EEX) of Germany, to which market is also linked with the APX Group; ELEXON as balancing and settlement market for the United Kingdom; Energy Exchange Istanbul (EPIAS) for Turkey; Hungarian Exchange (HUPX) for Hungar y’s day-ahead, intra-day and physical futures spot market for energy; Independent Bulgarian Energy Exchange (IBEX) for day-ahead power auctions in Bulgaria; the OTE as gas and electricity market operator of Czech Republic and TGE as Poland’s Power Exchange.

only claim to having sewage treatment for 15 percent of Metro Manila. This is an even lower percentage than Dhaka., Bangladesh or Pnom Penh, Cambodia,” Cimatu lamented.

Cimatu said the rehabilitation of Manila Bay requires a multisectoral approach and cultural change in the way people regard the

bay.

“Caring for the environment is like brushing your teeth, you have to do it every day,” he stressed.

The waters of Manila Bay contain domestic sewage, toxic industrial effluents from factories and shipping operations, leachate from garbage dumps, and runoff from chemical agriculture.

When you’re in Davao City, Read:

HOTELS & RESORTS DIRECTORIES

VILLA MARGARITA HOTEL J. P Laurel Avenue, Bajada, Davao City, Philippines Tel. No.: (082) 221-5674 / Fax No. (082) 226-2968 MICROTEL

By Wyndham Davao Damosa Gateway Complex Angliongto Rd., Lanang Davao City 8000, Philippines Tel +63 82 233 2333 / Mobile +63 917 795 3548 www.microtelphilippines.com PINNACLE HOTEL Sta. Ana Avenue, Davao City.

No. (082) 300-5885 Telefax: 300-1881/ 221-3025 Website: www.thepinnaclehotel.com ALU HOTEL M. Roxas Avenue corner Padre Faura Street, Davao City.

Tel No (63 82) 221-5232 / Mobile (O943) 652 3927 Email: aluhoteldavao@yahoo.com info@alu-hotel.com / www.alu-hotel.com GRAND REGAL Km 7 Lanang, Davao City, Philippines Tel. 235-0888 / Fax 235-2335 email: grandregalhotelegmail.com

VIAJEROS ECONOMY HOTEL Patnubay St., Sandawa, Matina, D.C Tel. No. 297-5710 / Telefax (6382) 298-5134 Mobile: 0922.-8268425 Website: www.viajeroseconomyinn.com

ROYAL MANDAYA HOTEL J.Palma Gil St., Davao City 8000 Phils.

Tel. No. (082) 225-8888 / fax No. (082) 225-1885 info@theroyalrmandayahotel.com www.theroyalmandayahotel.com

Summit...

HOMITORI Bangoy Street corner Santa Ana Avenue, Davao City Tel. No. (082) 295-2969 & 295-2471 / Mobile: (0922) 8994646 Email: homitoridvo@gmail.com or Like us on www.facebook.com/pages/Homitori-Davao

from page 8

energy; and the university’s rol e i n c ar i ng for t he environment.

The three-day event will culminate in the signing of symbolic partnership agreements on Butuanon River and watershed in Mandaue City, the crafting and implementation of the Sierra Madre Biodiversity Framework, renewable energy for a Green Church, and providing Binhi seedlings for partner schools.

E duc at ion S e cret ar y Leonor Briones will deliver the closing remarks.

The DENR also collaborated with Green Convergence in organizing the first Philippine Environment Summit held at the SMX Convention Center in Pasay City in February 2016.

The first environment summit highlighted Pope Fr a n c i s’ e n c y c l i c a l on the environment entitled “Laudato Si,” and the adoption of landmark Paris Agreement on C l i mate C hange i n December 2015.

Crackdown... from page 8

the country’s economic losses from neglecting sewage can reach up to P78 billion a year, which is on top of the losses in ecosystem services and biodiversity.

Aside from this, he said water-borne diseases were killing up to 55 Filipinos a day.

“As we embrace modernity and cultivate a cosmopolitan city, with gleaming shopping malls and hotels, we can still

BIG APPLE HOTEL Brgy. Angliongto, Lanang, D.C. Hotline Nos.: (082) 234-8459 Facebook account: bigapplehotel@ymail.com Email: bigapple_hotel@ymail.com

0935 161 3398

856-3344 / 74-53-80

THE PERIDOT SUITES Carmelite Drive, Lanang, Davao City Tel. no.: (082) 305-6530 / Fax no.: (082) 305-38I2 Email: theperidotsuiles@gmail.com AZIENDA MEO APARTELLE 11 Corner Pioneer and Doña Vicenta Village, Phase 1, Davao City Telefax. No: (082) 227-4119 & 284-6689 Cell Phone No. 09256652626 Website: www.aziendameo.com Email Add: aziendameo@yahoo.com.ph Big 8 Corporate Hotel Visayan Village, National Highway, Tagum City Mobile nos. 09173029063 & 09328539372 Tel. No.: (084)216-0888 Email: info@big8corporatehotel.com www.facebook.com/big8corporatehotel.com www.big8corporatehotel.com HOTEL ELENA Avenida Santos Ave., Nova Tierra Vill, Lanang, D.C Tel. Nos. (082) 233-1941 & 305.8799 / fax No. (082) 233-1887 PARADISE ISLAND Tel. No. (082) 233-0251 & 300-2343 / CP No.: 09209546780 E-mail: paradiseislanddavao@gmail.com MARCO POLO DAVAO C.M Recto St., Davao City davao@marcopolohotels.com www.marcopolohotels.com (63 82) 221-0888 HOTEL ESSE Brgy. 9-A F Torres Street, Davao City Hotline: No: 227-37-73 / Fax: 295-34-85 Website: www.hotelessedavao.com.ph Email Add: hotel_esse_davao@yahoo.com RUEMANGO APARTELLE & SUITES 516 Mangga St., Juna Subd., Matina, Davao City ruemangoapartelleandsuites@gmail.com www.ruemango.com Tel. Nos.: (082) 295-7175/ 295-7180

10

wednesday|january 24, 2018

IPC marks highest annual, monthly sales record in 2017

I

suzu Philippines Corporation (IPC), has ended the year 2017 on a very high note as the company achieved its highest annual record sales to date.

Based on the sales report from the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association, Inc. (TMA), IPC recorded an impressive 30,086 units of sales in the full year

cmyk

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

of 2017, which reflected a 10-percent increase compared to the previous year’s 27,361 units.

On a separate report, IPC achieved its highest monthly sales record when December sales reached 3,809 units— stamping a 7.4-percent difference over its November 2017 sales record.

The strong sales figures were spearheaded by the stellar sales numbers brought in by their well-loved models, the Isuzu mu-X, D-MAX

and the outgoing vehicle, Crosswind.

For the whole year, a total of 13,157 Isuzu mu-X SUVs were sold, increasing the vehicle’s sales by 4 percent versus the 12,657 units that rolled out in 2016. In December alone, some 1,997 mu-X units were delivered a staggering 27 percent rise from November 2017's 1,572 sales tally.

Meanwhile, the D-MAX pickup truck sold some 4,675 units from January to

December 2017, showing a whopping 17.9 percent jump over the previous year when IPC recorded 3,966 D-MAX unit sales.

December sales for the IPC's pick-up truck went up a notch, selling 599 units, which showed a growth of 26.3 percent against 471 sold the month before.

Further, the everreliable AUV, Crosswind showed a slight 2.1 hike on sales figures, garnering a total of 4,755 units for the whole year, as opposed to 4,651 units for the same duration the previous year.

The IPC's truck sales record also skyrocketed, with the N-Series providing much of the firepower. 2017 sales went up by 23 percent; from 3,734 in 2016 to an awesome 4,599 units sold last year.

The strength in sales especially during the latter part of 2017 was attributed to the strong economic performance of the country, introduction of Blue Power Technology across all models, as well as the consumers' anticipation

for the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) law.

IPC president Hajime Koso expressed his utmost gratitude over the outstanding sales performance, saying that they will continue to strive hard to provide the best to the Philippine market that IPC can offer.

"While we have reached greater heights this year, we will continue to provide and look for more ways to cater to everyone. Thanks for the unwavering support, trust and loyalty to our brand," Koso said.

In September last year, IPC introduced their latest tech offering for all their available units locally during the celebration of their 20th anniversary in the local automotive industry.

Isuzu’s Blue Power Technology is an ecofriendly diesel engine designed to provide maximum engine output, cleaner emissions, superb fuel economy, as well as engine durability.

Newly-crowned Miss Youngsville 2018 Angel Joy Tanya Setier stands proud with her court. As representative from her gated community, she will compete in Miss Igpit 2018 this January 31. Igpit is a barangay in Opol, Misamis Oriental. photo by abegail baynosa

11

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

wednesday|january 24, 2018

Taxes... from page 1

(SPUG) service domain of the National Power Corporation (NPC).

That has been based on the calculation of the Senate Committee on Energy, relative to the cost-impact triggered by the newly enforced Tax Reform for Acceleration and Inclusion (TRAIN) excise taxes, chiefly on the fuel use for electricity generation in SPUG areas.

On another tier, the increase in SPUG rates will also raise the universal charge for missionary electrification (UCME) that all Filipino consumers will shoulder in their electricity bills.

According to S enate C om m it t e e on E n e r g y C h a i r m a n S h e r w i n T. Gatchalian, the total rate hike in the UCME charge will be P0.011 per kWh – that is a separate line item in the monthly electric bills dispatched to consumers.

For households in the 100kWh consumption bracket, that will be an increase of P1.14; and for those in the 200-kWh usage band, it will redound to P2.27 per month cost escalation in their bills.

Most SPUG areas depend on diesel-fed generating sets or bunker fuel-fired power plants on their electricity service, hence, they will be hit generally by the higher taxes levied on petroleum products.

But before these rate adjustments will be reflected in the bills, state-run NPC will have to go through the usual route of approvals at the Energy Regulatory Commission (ERC).

The UCME charge in the electric bills is currently at P0.1561 per kWh and NPC st i l l has p ending application with the ERC for cost recoveries of roughly P10 billion, chiefly to recoup fuel cost adjustments.

The S enate energ y committee in a hearing last week had scrutinized the level of fuel inventories of energy facilities, including those on coal and oil for power generation to assess cost impact on consumers.

Gatchalian explained that “the legislative inquiry was necessary to monitor and evaluate electricity and fuel prices,” as well as to gauge the Department of Energy’s efforts “to prevent and defer possible abuses in the form of premature increases in generation charges and pump prices.”

Based on numbers crunched, electric bills of ongrid Filipino consumers will likely go up by P0.07 to R0.09 per kWh on the combined effect of the increases in transmission, generation and subsidy charges.

Mart... from page 1

displayed various of their farm organic produce at the provincial capitol ground.

G ov e r n o r Ye v g e n g y Vincente Emano and Vice G o v e r n o r Jo e y Pe l a e z spearheaded the ceremonial cutting of ribbon for the

farmer’s market attended by the farmers and the local officials.

This year’s 4th annual Kuyamis Festival, celebrated in time for the province’s 88th founding anniversary started on January 8 and run until the 12th of January.

Kuyamis was started by Emano when he became the province’s chief executive in 2013. Prior to that, the event was then known as “Salo Tabo.”

Kuyamis kicked off on Monday (January 8) although related activities had already been conducted such as the Ms. Kuyamis swimsuit competition held at a beach resort in Jasaan town last December 28.

Emano said the provincial government and participating local government units and org an i z at i ons ha d already made the necessary preparations as early as December last year.

“My people, as usual, will be in high spirits again as we celebrate this very big event in our province,” said Emano a statement.

The festival, he said, highlighted the promotion and the showcasing of the beauties and wonders of the province including the local produce of the municipalities under the “One Town One Product” (OTOP) program.

On one hand, Pelaez said the weeklong festivity kicked off with a holy mass at the Nazareno Church on January. Other activities which had already been lined up included the street dancing on January 8 that started at 6 in the morning.

Aside from that, shows and contests were held such as dances, best in agri-tourism booth, culinary and cooking demonstrations, and sports events at the provincial capitol grounds, added Pelaez.

Food and other items were also dispalyed during the agri-tourism booths.

Food and culinary were also put on display at the provincial capitol grounds p ar t i c ip ate d i n by t he province’s various towns.

Aside from it, the 20 Ms. Kuyamis candidates had a mini-fashion show held at the Centrio Mall where cultural visual arts and photo exhibit were held. The exhibit run from January 8-12.

Other activities included the Governor’s Night and the first ever Ms. Gay Misamis Oriental.

In ke e pi ng w it h it s “Explore MisOr” tourism slogan, Emano has invited local and foreign tourists to visit the province and witness the events during the festival and enjoy the beauties, wonders and local products and delicacies of the province.

Meanwhile, the provincial Public Employment Services Office (PESO) also conducted a job fair as part of the Kuyamis Festival last January 10.

In a statement, PESO said thousands of potential workers are needed for local, national and international jobs through direct or agencychanneled hiring for people

with or without experience.

“Gov. Emano is urging the unemployed, job seekers and even teenagers to grab the opportunity to choose decent jobs, and to give everyone a chance to live bountiful lives,” PESO said.

Choco... from page 1

farmers market their beans in the international market.

He said the company wanted to locate in the city’s 3rd District where most of the cacao farmers are.

He added the company has been sourcing sources of cacao beans that can be processed into chocolate bars for their market in Japan.

The Davao Region accounts for 81 percent of the country’s total cacao production.

On June 9, 2017, the R e g i on a l D e ve l opm e nt Council 11 passed a resolution adopting the recommendation of its economic development committee to recognize the region as the cacao and chocolate capital of the Philippines.

The resolution noted that cacao production in the region has been on a constant rise since 2010 with an average growth of at least six percent annually from 2010 to 2016, making it the center of the cacao trade in the country.

It a l s o h i g h l i g h t e d the 20,000 farmers who have benefited from the opportunities offered by the cacao industry.

The region has over 100 chocolate processors, most of whom have developed a chocolate variety using coco sugar.

It has over 100 cacao nurseries with a combined production capacity of around 10 million seedlings and 10 cacao training facilities.

“The Council finds merit in the proposal considering that the cacao industry has been identified as one of Davao Region’s priority industry clusters under the Davao Regional Development Plan (RDP), 2017 to 2022,” the resolution said.

The council acknowledged the significance to adopt the regional branding for the region’s cacao industry to promote public and private sector engagement.

For 2016, the Philippine Statistics Authority recorded 6,262.77 metric tons (MT) of cacao produced in the Philippines that has an annual demand of 50,000MT. Of this, 5,073 MT was produced in the region – Davao del Sur (1,702.54MT), Davao City (1,606.80), Davao del Nor te (945.31MT), Davao Oriental (507.26MT), and C ompostela Valley (311.92MT).

The US Depar tment of Agriculture-supported Cacao Industry Development Association of Mindanao said the “global demand is expected to reach between 4.7 million and 5 million metric tons by the year 2020, and global supply will be at a deficit of 1 million MT.” It noted the deficit “has given rise to the Philippine

Cacao Challenge, which commits the Philippines to producing 100,000MT by the year 2020 and onwards.”

(Antonio L. Colina IV/ MindaNews)

Polls... from page 1

in a state of martial law.

“We are looking on the viewpoints of the citizens on whether we can conduct the elections securely and on whether the results of the elections will be credible,” Guia said.

He stressed that the only reason that Comelec would call off the election is when there is imminent and actual violence in the island during the whole duration of the election period starting in April until the proclamation of winners.

A rou n d a t h ou s an d attended yesterday’s public hearing held at the Grand Caprice Restaurant and Convention Center, most of them incumbent barangay officials who called on the Commission to hold off the elections.

At least 50 position papers from various Liga ng mga Barangay federations from as far as Surigao del Norte to Lanao del Sur were received by the Comelec, with the barangay chairs and councilmen expressing their desire to remain in power for the time being.

As Liga ng mga Barangay Cagayan de Oro secretary Jerico Goldmar Ebabacol would put it, “the barangay officials are still at the height

of both the anti-illegal drugs campaign and federalism shift awareness.”

“To replace them will another batch of barangay officials will mean a delay in these efforts since the new barangay officials will need to be acquainted with their new work,” Ebabacol added.

But Comelec refused to be swayed.

“Under the law, we need to hold the barangay elections this May 14. We stick to our point that the only basis that we postpone the elections is if there is evidence of violence on Election Day – if our paraphernalia can’t get through, if voters are intimidated, etc.,” Guia said.

It’s a different story once Congress will pass a law postponing the elections for a longer period though, Guia said.

“But unless Congress will postpone the polls, we will continue preparing for Elections Day,” he stressed.

The next Mindanao-wide hearing on the matter will be held in January 29.

Report... from page 2

significant and meaningful work experience can b e a ch i e ve d by Ju n i or Employment Facilitators, aside from boosting their confidence and selfdiscipline.

Some Junior Employment Facilitators were assigned in the Provincial Capitol Offices while majority were deployed to the field as Job Pl acement Faci lit ators;

conducted community skills mapping and solicited job vacancies from companies and establishments, for the benefit of all job hunters for job matching purposes, thereby, instrumental in helping their neighbors within their residences f i n d i ng j o b s or b e tt e r opportunities and ultimately move up the economic ladder.

PESO also facilitated the access of livelihood program, with counterpart funds siphoned from DOLE’s Kabuhayan Program, in the amount of P1,033,200 in the form of farms inputs and other implements.

The p r o v i n c e’s counterpart amounted to the P615,000 is in the form of cacao seedlings, with 820 seedlings per hectare.

The Livelihood Assistance to Cacao Production Program, in coordination with Provincial Agricultural Office, was undertaken and tur ne d - ove r to 3 0 selected cacao farmers in the municipalities of Opol and Alubijid, this Province, wherein cacao trees shall be planted in a 30-hectare area.

The province engaged ties with Kennemer Food International, the largest supplier of cacao in Asia for Mars, Inc., the maker of M & M’s, snickers, galaxy and many others, to empower its farmers succeed in the global economy and carry out its vision towards a direction of making Misamis Oriental as one of the Philippine’s chocolate capital. (PIO)

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 41 Cagayan de Oro City PETITION FOR EXTRA JUDICIAL EJF NO. 2017-390 FORECLOSURE OF REAL ESTATE MORTGAGE UNDER 4 ACT 3135 AS AMENDED BY ACT 4118 F O R : HOME DEVELOPMENT MUTUAL FUND (Pag-Ibig),

Petitioner, EXTRA-JUDICIAL FORECLOSURE

REAL ESTATE MORTGAGE JOSE V. AYCO,

Respondent. x- - - - - - - - - - - - - - - - / NOTICE OF EXTRA-JUDICIAL SALE

Upon extra-judicial petition for sale under Act No. 3135/4118 filed by HOME DEVELOPMENT MUTUAL FUND (Pag-Ibig), against JOSE V. AYCO, widower, of legal age, Filipino citizen with postal address at Lot-25, Blk-20, PSD-10-044328, WOODLAND HEIGHTS SUBD., MACASANDIG, CAGAYAN DE ORO CITY, to satisfy the mortgage indebtedness which as of July 7, 2017, amount to SEVENTY SIX THOUSAND ONE HUNDRED TWENTY ONE PESOS & 79/100 (P76,121.79), Philippine Currency, inclusive of interest, penalties, charges, attorney’s fees and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on March 8, 2018 at 10:00 A.M. at the main entrance of this Court, Regional Trial Court, Branch 41., Goldbridge Bldg. Masterson Ave. Cor. PNR Sr. Ave. Upper Carmen, Cagayan de Oro City, to the highest bidders, for cash or manager’s check and in Philippine Currency, the following personal properties, to wit: TRANSFER CERTIFICATION OF TITLE NO. T-195965 LOT PORTION OF LOT AS SURVEYED FOR LAND USE LOCATION AREA

: 25, Blk-20, Psd-10-044328 : 2835-B, Psd-10-042804 : Liberty Land Corp. (Woodland Heights) : Residential : Macasandig, Cagayan de Oro City : FIFTY FIVE (55) SQ. M. more or less Including all improvements found thereon.

All Sealed bids must be submitted to the undersigned on the above-stated date, time and place.

In the event the public auction should not take place on the said date for whatever reason, the same will proceed on the following working day, without further notice, posting and publication.

Prospective buyers may investigate for themselves the property herein-above described and encumbrances thereon, if any there be.

Cagayan de Oro City, January 8, 2018.

ALDEN V. SAMBAAN

BWM: Jan. 24, 31 & Feb. 7, 2018

Sheriff IV

BusinessWeek feature

MINDANAO CREDIBLE

RELIABLE

www.businessweekmindanao.com

IN-DEPTH

Wednesday | January 24, 2018

12

Beautiful Municipality of MEDINA:

Upcoming Tourism Destination in Northern Mindanao I

By Joe Palabao

nfrastructure, Health Services, Education, Agriculture, Livelihood and Tourism Infra and Tourism Site Destination Development catapults the beautiful and mesmerizing Municipality of MEDINA as one of the upcoming Tourist Destination in Northern Mindanao today.

These developments coupled with the hard work and dedication of the Man of Vision, the Hon. Mayor Donato ‘Dandan’ N. Chan, the big support of the Sangguniang Bayan Members led by Hon. Vice Mayor Kimboy Odchigue, the brilliant mind and progressive ideas of Edan Mark Vosotros, SB Secretary/ Coordinator Tourism and Investment Officer Designate, the support of the hard working Hon. Marriane Lloren Chan-the Chairperson of Medina Tourism Municipal Development Council , Municipal Budget Officer Ellanie L. Virtudazo and support agencies will make MEDINA as one of the fast economic growth hub and Tourist Destination at par with other LGUs in the Region.

Faith Tourism Destination -With the support of the Department of Tourism X Regional Director May Salvana Unchuan is endorsing to Tourism Infrastructure Economic Zone Authority (TIEZA) the 50 million development and road concreting going to the HOLY LAND, San Isidro, Medina, overlooking

the Gingoog and Misamis Oriental Bay. This is the Crucifixion Sight of the renown “Hinuklog sa MEDINA” where thousands and thousands of pilgrims, Tourists follow the Way of the Cross to highlight the annual Hinuklog sa Medina Street Play.

The Alibuag Cold SpringThis is one of MEDINA’s natural flowing cold spring, the favorite destination of the young and the old alike especially during hot summer days. Its cold water is refreshing and invigorating.

Let’s experience nature at it’s best as you are surrounded by the natural endowments of Nature such as trees and other sceneries, will give you the feel of being in Paradise.

The White House - The Pelaez Ancestral House popularly known as the White House is located at the Eastern portion of Misamis Oriental. This is a historical landmark in the Municipality of MEDINA. The house stood the test of time. A living witness to the diverse political and historical lives of the famous personalities in the political arena in the locality and in the country as well.

Don Gregorio A. Pelaez Sr., first Governor of Misamis Oriental and son Emmanuel N. Pelaez Sr., Elected Vice President of the Philippines in 1961 under the Diosdado Macapagal Administration.

This ancestral home was constructed by Japanese Carpenters.

Miss Medina and Miss Tourism- MEDINA has been

MEDINA DELICACY

Alibuag Cold Spring

known to have beautiful maidens, thus hosting yearly pageants and other beauty contests of the like. Events of this nature not only showcase Beautiful Ladies physical attributes but also their pureness of heart and mind.

MEDINA Delicacy - To add to the gastronomical experience in Medina, Tourists should not miss their special food trip tour which will package their yummy delicacies like the Buko and pineapple pie, Bibingka, spicy uyap, peanut butter and their festival Ginataan Majablanca.

The Medina Wharf - MEDINA Port is one of MEDINA’s historical landmarks that witnessed history of how MEDINA was before during the time when big foreign boats use to dock and buy copra, a source of Livelihood of the locals. Now this port which we call pantalan is now being visited for its barbecue stalls and other street foods, and a fav hang out place. LGU MEDINA is on its way to regaining the Wharf Industry and going back the old glories of being a business hub in the region.

In the long run another Tourists Attraction will be the Indigenous People’s (IPs)Village -the Higaonon “people of the living mountains” with the Department of Tourism.

Resorts - the known Duka Bay Resort, a spacious hotel, Resto, beach and dive sites. Medina is considered as one of best dive sites in the world. Duka dive is the ultimate Destination for scuba Diving and spectacular coral reefs. Resort de Alberto, La Palmera Courtyard and Beautiful places and point of interest in the lovely Municipality of Medina.

TARA NA! SUROY NA TA SA MAANINDOT na MEDINA.!!

Hon. Mayor Dandan Chan

Vice Mayor Kimboy Odchigue

Hon. Marriane Lloren Chan

Holy Land

HINUKLOG sa MEDINA

Edan Mark Vosotros-SB Secretary/concurrent Coordinator and Tourism Investment Officer Ellanie L. Virtudazo-Budget Officer

Beauty Pageants

White House