BusinessWeek Mindanao (January 2, 2017)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 093

Market Indicators

As of 6:10 pm December 27, 2016 (Tuesday)

FOREX

PHISIX

US$1 = P49.812

6,658.20

9.6

X X Briefly

cents

64.53 points

Tax collections

THE Bureau of Internal Revenue (BIR) in Region 10 collected P3 billion during the third quarter of 2016, 19 percent bigger than the collection in the same quarter in 2015.

Collections from Income Tax accounted for the largest share of the total tax takes with P1.83 billion followed

by Vale-Added Taxes with P896.53 million. Total Excise Taxes collected amounted to P537 million while Percentage and Other Taxes totalled P261.53 million.

All revenue districts in the region reported growth in collections. Cagayan de Oro remained the top collection district registering P1.82 billion collections followed

by Bukidnon with P401.77 million. Iligan contributed P393.04 million to the total tax takes while Ozamiz City and Gingoog City reported P248.02 million and P122.08 million, respectively.

Development fund MAMBAJAO, Camiguin– A total of 14 infrastructure projects amounting to P54-M from the Provincial Development Fund in Camiguin Province were reported completed and or nearing completion as the year ended.

The biggest chunk is poured on the construction of the Olympic size swimming pool at the Camiguin Sports Complex.

Various road projects were likewise covered under the fund, to include the concreting works in Baylao to Abu road, Orasan to Sorosoro road, Owakan to Luwan road and Tacangon to Punto road.

Other projects undertaken include the construction of Biocon and Philippine Amusement and Gaming Corporation (PAGCOR) buildings, barangay basketball courts, warehouse and motor pool repair bays.

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Monday | January 2, 2017

S

By MYRNA M. VELASCO, Contributor

ENATE committee on energy Chairman Sherwin T. Gatchalian has lodged a legislative measure seeking the institutionalization of interest-free funding scheme that could be availed of by electric cooperatives (ECs) when walloped by natural calamities.

A tumultuous start for Duterte administration.

He noted this is a serious problem generally affecting ECs and to the detriment of consumers who cannot be

assured of speedy restoration of electricity service.

“On my conversation with Mindanao electric coops, this

is a problem which adversely affects the stability of our electricity supply, especially in geographically-isolated parts of the Philippines,” the lawmaker explained.

To this end, Gatchalian filed Senate Bill No. 1253 or the Electric Cooperatives Disaster Management Fund Act, which is anchored on twin objectives of extending interest-free financing to ECs; and to equip these segment loans/PAGE 11

Palace cites achievements of Duterte administration, prospects for 2017 A MALACAÑAN official last week enumerated the achievements of the newly minted administration of President Rodrigo Duterte in 2016 and its prospects for this year.

At a press briefing, Presidential Spokesperson Ernesto Abella highlighted t h e a d m i n i s t r a t i o n’s accomplishment over the first six months particularly in aspects of economic g row t h , e mp l oy m e nt , infrastructure, international

par tnerships, t he war against illegal drugs, and peace talks.

“Regarding economic growth, the Philippines is one of the fastest growing economies in Asia in 2016.

With a 7% GDP growth in the first three quarters, we are sure to achieve, if not surpass, our target of 6 to 7% growth for the whole of 2016,” Abella said.

The Palace of f icial attributed the country’s palace/PAGE 11 SEWAGE TO THE SEA. A boy jumps over a filthy sewage runoff along the shoreline of Dipolog City in Mindanao. The untreated sewage largely from commercial establishments drains directly to the sea. The Philippines has laws on solid waste and water management. Photo by Jimmy A. Domingo, contributor

DOE to publish skeds of plant shutdowns

By MYRNA M. VELASCO, Contributor

FISHERMAN’S CATCH. A fisherman unloads his catch from the seas of Samal Island at Bangkerohan public market in Pag-asa, Bangkerohan, Davao City. Pag-asa is the dropping point for vegetables and fishes from different regions in Mindanao. MindaNews photo by Toto Lozano

THE Department of Energy (DOE) is clearing the way into making public the maintenance shutdown of power plants to avoid simultaneous scheduling and deter probable market gouging arising from such events.

Energy Secretary Alfonso G. Cusi said the department

will be setting that as a policy, and would be firmed up soon through a circular or any similar directive from the department.

Shutdowns of power generating units at the same time proved to be disastrous for the country’s still-tight supply-stricken electricity system, and had resulted

in “real nightmares” for consumers not just with ensuing brownouts but with corresponding rate hikes.

In his few months in office, Luzon grid was again strained with rolling power outages so “the bid for publication of power plant shutdowns” had been among the policy questions thrown the energy secretary’s way. shutdowns/PAGE 11

Merry Christmas and a Happy New Year!

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2

Economy

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Monday|january 2, 2017

DTI launches ‘e-Presyo’ access

M

AMBAJAO, Camiguin – Shoppers can now access the list of prevailing prices on basic necessities and prime commodities through the Department of Trade and Industry (DTI)

‘e-Presyo’ portals available via android applications or web.

E-Presyo serves as guide to consumers while doing their grocery shopping to enjoy best value for money.

When the data gathering

fully takes-off, the system will reflect comparative pre vailing prices for a preferred period.

DTI Camiguin Provincial Director Joselito S. Enot said compared to the conventional manner of reporting, this

allows real time entry during monitoring on the part of DTI. As a newly developed system, e-Presyo will contain price data from 2016 onwards; price data from previous years can be

requested from the DTI. As for Camiguin, there about 110 establishments monitored by DTI monthly and covers only basic necessities, prime commodities, construction materials and other

mandatory products.

Special monitoring is likewise conducted for s cho ol supplies in t he months of May to June and Noche Buena Items starting October to December. (JCV/ PIA10)

MISAMIS Oriental -- Misamis Oriental governor hailed the joint peace initiative of several church groups as well as that of the Communist Party of the Philippines (CPP) National Democratic Front (NDF and the NewPeoplesArmy(NPA)as“propeople and pro- development” and in celebration of the rebels organizations 48th founding

anniversary.

At the same time Governor Bambi Emano expressed his hopes that the scenarios playing today could be replicated in several other areas, not only in the province but also in the whole country.

“There should be more opportunities for Filipinos of different creed and ideologies to

come and sit down together rather than shout at each other with empty rhetoric; discuss on issues they all agree rather than squabble on endless disagreements.

Nothing can be more pro people and pro-development than peace dialogues such as this,” Gov. Emano declared.

Held somewhere in a mountain village in the eastern

part of Misamis Oriental, the participants arrived; some disembarking from vehicles while others emerged from the bushes; shook hands, hugged, and smiled at each other as if they have known each other for a long time.

Observing all these, the governor declared that this is the most relaxed and stress-free

meeting among these parties.

“This is what we need. We may spend all our efforts and treasure for development but if there is no peace everything will take a long time. Nothing is more long lasting than peace based on mutual respect of each other’s belief, “ Emano added.

The governor has been relentless in his pursuit for peace

since he took over the realm of leadership of the province.

He does not hesitate to do things outside his comfort zone if such can lead to peace and understanding.

His initiative toward peace and order is among of the eight pillars of his total development approach anchored on tourism.

(PIOMisOr/jv)

MisOr guv hails joint peace initiative

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As part of the police information and continuing education (PICE), PSupt Regino Larraquel Oñate reiterates this week among its personnel the implementation of “Ligtas Pasko 2016” campaign through police presence in designated areas with “assistance desks” and deployment of road safety marshalls. (Camiguin PCR)

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

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Monday|january 2, 2017

3

Globe, GCash, Cauayan City ink strategic partnership to deliver 1st world internet Collaboration includes creation of digital cashless ecosystem for city residents Globe Telecom and the Cauayan City government have hammered out a strategic partnership to deliver 1st world internet services as well as create a digital cashless ecosystem, which will be undertaken through GCash.

The partnership involves deployment of an integrated network plan to improve mobile coverage and provide high-speed internet service in the city. The rollout forms part of Globe Telecom’s One Digital City initiative, intended to expand network c ov e r a g e an d e n h a n c e capacities, particularly for fixed-line, in a bid to elevate the state of the country’s internet.

“Ac c e l e r a t i n g I C T d e v e l opm e nt e n h an c e s inclusive economic development as it significantly improves delivery of public services, enables enterprises to access valuable information and spur transformation in growth areas. We are grateful for the support that the Cauayan city government extended to Globe and we hope to replicate this partnership in other areas in the country,” Globe President

& CEO Ernest Cu said.

As part of using technology for governance, GCash, the mobile money platform of Globe, and Cauayan City have embarked on a pioneer initiative to implement the co-branded Citizen ID cards initially for 5,000 government employees and constituents to provide easy access to social and financial services that will bolster the economy forward. Eventually, the IDs will be rolled-out to all 130,000 constituents of the city.

The Citizen ID may be used to electronically pay government fees and taxes, utilities and other bills electronically and purchases from local merchants; for disbursement of salaries, stipends, allowances and other benefits to citizens, gove r n me nt e mpl oye e s and volunteers; and in the provision of easy, fast and flexible Fuse loans for sustainable livelihood development programs for micro and small and medium enterprises.

Enabling e-payments will help increase access to social gcash/PAGE 10

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Opinion

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Monday|january 2, 2017

Mga Kwentong Rizal

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

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Success is Mostly Failure Think a minute…A successful man said: “Success is mostly about failing.” What we don’t know about the world’s most successful people is the many times they failed before they finally succeeded. Successful people know how to keep going and learning from their failures until they finally reach their goal. As a famous entertainer put it: “If you want the rainbow, you’ve got to put up with the rain.”

This is a true story of a man who when he was 22 years old failed at business. The next year he tried for public office in the government and lost; so he tried again at business, but failed at that again. Then, at age 25 he tried for government office again and this time he won. But the next year his wife-to-be died, and at age 27 he had a nervous breakdown.

In the next 7 years he tried for government office 3 more times and lost all 3 times. Then 3 years later, at age 37, he tried again for government office and finally won. But only 2 years later he lost it again. In the next 10 years, he tried 2 more times for the Senate and lost both times. Then he tried for Vice President and lost that also. Finally, 2 years later, at age 51, this man was elected President of the United States. Today, he is considered

THINK

A Minute

Jhan Tiafau Hurst by many Americans to be the greatest President in America’s history. This is the true life story of Abraham Lincoln.

Failing should make us better, not bitter. You can tell how strong a person is by how much failure it takes to stop him or her from continuing to try. Jesus Christ wants to give you His inner strength in your heart and character, so you will be able to handle your life’s difficulties and disappointments. In fact, you will actually learn to use them to make you stronger and wiser. Jesus wants to guide and help you reach the real success He created you to enjoy, both personally and professionally. So won’t you ask Him to take full charge and control of your life every day, for the rest of your life?

Just Think a Minute…

Among all of our heroes, Dr. Jose Rizal, whose martyrdom we observed last December 30, is without any doubt the most written about. But one can never get tired leafing through Rizaliana materials.

There is always something new, something interesting to learn about him.

Here are some interesting bits and pieces: A very prolific writer, Rizal wrote two immortal novels, Noli Me Tangere and El Filibusterismo. He also authored 18 poems, the most famous of which is Mi Ultimo Adios. Rizal hid the manuscript of Mi Ultimo Adios inside an alcohol lamp which was later turned over to his families.

Another possible obra maestra, but irretrievably lost, was hidden inside the sole of his shoes. Alas, the shoes were destroyed by the elements when, after his execution at the Luneta, Rizal was buried in an unmarked tomb in Paco.

Also among his works were hundreds of essays and letters. What is probably not so well known is the fact that he also wrote his version of the Filipino folklore entitled “The Monkey and The Turtle.” This he did, to emphasize the need to develop the reading habit among the young. Rizal’s version saw print in Trubner’s Oriental Record in London in July 1889, just two years after the publication of his

first novel “Noli Me Tangere”.

Rizal was cool-headed.

But there was a time when he almost fought a duel with two other famous personalities – Antonio Luna and Wenceslao Retana.

The circumstances about the near duel between Rizal and Luna are a bit blurred.

What was clear was they almost dueled because of a girl – Nelly Boustead, a beautiful mestiza of English and Spanish descent. Luna felt that he had a first claim on Nelly Boustead but Boustead appeared to be becoming infatuated with Rizal. In fact, Boustead later became one of the many girlfriends of Rizal.

In one boys’ night out, Luna reportedly got drunk and said nasty things about Boustead. There are different versions of who challenged whom. Luna was known for his fiery temper and could have challenged Rizal. But Rizal was not one who would back out in defending his or a friend’s honor.

Cooler heads were reported to have intervened.

When Luna regained sobriety, he realized his mistake and apologized to Rizal. Luna’s brother, Juan, also apologized to Rizal.

Philippine history could have been drastically altered had the duel taken place. The two were good both with the sword and the pistol.

Had the duel taken place, it would certainly have been

fatal to either or both.

In the case of Wenceslao Retana, Rizal was offended by an article written by the historian. In the offensive article, Retana hinted that the Rizals were ejected by the Spanish authorities from their ancestral property in Biñan for non-payment of taxes. Retana subsequently issued a public apology and the duel was called off. Retana and Rizal later became very good friends.

During his years in Germany, Rizal was known to frequent beerhouses. The German variety, of course, was not the seedy kind. It was more like a clubhouse of German students. Rizal frequented them not just for the beer but also to practise his German.

Because of Rizal’s close association with the painter Juan Luna, Rizal became part of two of Luna’s immortal paintings. In “Blood Compact”, a mural which is prominently displayed at the entrance of the Malacanan ceremonial hall, the forearm of one of the parties to the blood compact was supposed to have been modeled after Rizal’s.

In Parisian Life, (now displayed at the National Museum of Fine Arts) Rizal was one of three gentlemen featured at the background.

The other two were the painter himself, Luna, and Ariston Bautista Lin. One of the earliest

SPEAKING

O ut

Ignacio Bunye celebrations of Rizal Day One of the earliest official public recognitions accorded to Rizal was the renaming of the District of Morong to the Province of Rizal.

Subsequently, towns, streets, plazas, schools and other institutions have been named after Rizal.

Statues and busts of Rizal have been built not just in the Philippines but also in prominent foreign cities.

Exact replicas of the of the Rizal monument in Luneta may be found in Madrid and in Fujian, China, minus, of course, the photobomber known as Torre de Manila.

Various celebrations of Rizal Day have been observed in various communities in the years after Rizal’s execution.

Here is one celebration as described by Ignacio O. Bunye, my paternal grandfather. (Translated from the original Tagalog) “Residents of Alabang (Muntinlupa) were bunye/PAGE 11

Rizal’s aim in his novels: change the mind of Filipinos LIFE’S INSPIRATIONS: “…`Though I have been speaking figuratively, a time is coming when I will no longer use this kind of language but will tell you plainly about my Father’…”

(Jesus Christ, our God and Savior, in John 16:25, the Holy Bible).

-ooo JESUS USED “FIGURES OF SPEECH” IN HIS MESSAGES: Discussions on whether believers should consider Jesus as God and Savior and as God the Father, Son, and Holy Spirit, are often obscured by the insistence of unbelievers that Jesus Himself said He was different from, and so He was not the same as, God the Father.

But Jesus Himself clarified that His statements were mere figures of speech and therefore had to be taken in context.

-ooo WHY RIZAL’S “FILI” WAS PRINTED IN GHENT, B E LG I UM : T h e re i s a prevailing notion that Dr. Jose P. Rizal, the national hero of the Philippines, had to have his second novel, t h e E l F i l i bu s t e r i s m o, published in the City of Ghent in Belgium, because printing cost in Ghent was greatly lesser at that time in 1891 when compared to its printing cost in Brussels, then the premier city of Belgium where the Fili was originally

intended to be published.

A closer look at available literature, however, might be able to tell us that the real reason why Rizal had to print his second novel against Spanish rule in the Philippines at that time in Ghent was not economics, but more of religious persecution which was then prevailing in Brussels even if Belgium was already under the kingship of a Protestant believer, Leopold I. My reading is that there were not too many printers or publishers in Belgium when Rizal was trying to publish the Fili who were willing to print it, because the Catholics, who were the subject of that novel, still held so much power and influence despite Leopold I, and no one wanted to cross them by printing a literary work that portrayed them as oppressors and abusive.

-ooo RIZAL’S AIM IN HIS NOVELS: CHANGE THE MIND OF FILIPINOS: One Internet material on religious freedom in the 1890s in Belgium could be read at http://www.museeprotestant. org/…/…/protestantism-inbelgium/. Let me quote to you a part of that article to show my point: “Although the first Belgian sovereign, Leopold Ist (1790-1865) was a Lutheran, the Catholic clergy continued to prevent the development

of Protestantism throughout the century…”

So, Rizal had to find a place whose printers and publishers were more sympathetic to the contents of Fili, and Brussels’ neighboring city, Ghent, was exactly that place.

Now, why was Rizal so bent on publishing the Fili, even if he had already come out earlier with his first novel, the Noli Me Tangere?

The great man that he was, Rizal knew that the real fight to free the Filipinos of his time from Spain’s tyrannical rule over them was in setting free their minds from ignorance of what was being done to them. Rizal believed that the only way to mobilize his countrymen to fight Spain was to change their minds first, before any armed revolution could take place.

-ooo FINDING THE TRUE INTENT IN THE WORDS OF JESUS: In John 16:25 of the Holy Bible, Jesus saw that His disciples failed to understand what He had been trying to preach to them, principally because He was deliberately talking to them in “figures of speech”.

His messages and preaching were couched in riddles, as it were, and hiding what He really intended to say to the people.

To understand the full meaning of His words,

K akampi

Mo A ng Batas

Atty. Batas Mauricio therefore, a believer must have to look beyond the mere letters and mere words of what Jesus had been saying, and try to see His real intent.

Consequently, a believer must not be confused by the references of Jesus to the Father, as if Jesus and the Father are two different Beings. The clear message was, and still is, Jesus is Himself God the Father, and we’ll have more of this next issue, God willing!

-ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 HOURS a day, in the Philippines and the world at www.facebook.com/ angtangingdaan or www. facebook.com/ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

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AboitizPower completes buy out of GNPower assets A B O I T I Z POWER C orp. ( A b o i t i z Po w e r ) said it had completed on Tuesday the acquisition of a majority stake in a coal-fired power plant in Mariveles, Bataan and a minority stake in an adjacent coal plant for $1.197 billion.

“Following receipt of the BoI [Board of Investment] and the PCC [Philippine Competition Commission] approval, the parties completed the acquisition on Dec. 27, 2016, Philippine time,” AboitizPower told the stock exchange last week.

AboitizPower, through its unit Therma Power, Inc.,

bought the partnership i n t e r e s t s i n G N Po w e r Mariveles C oal Plant Ltd. C o. and GNPower Dinginin Ltd. Co. held by the affiliated investment funds of The Blackstone Group L.P. in World Power Holdings, L.P. and Sithe Global Power, L.P. With the completion of the deal, Therma Power now has a 66.1% beneficial ownership interest in GNPower-Mariveles and a 40% beneficial ownership i n t e r e s t i n G N Po w e rDinginin.

The transaction was approved by the AboitizPower board of directors on Sept. 5,

2016. Therma Power is the holding company of the Aboitiz group’s investments in non-renewable energy.

In its disclosure, the company said the parties to the transaction expected to close the acquisition of the target companies upon receipt of the approvals from the PCC, and the Board of Investments for GNPower-Mariveles.

The BoI approved the acqusition of GNPowerMar ive l e s on Nov. 2 1 , 2016 but subject to the submission of a copy of the PCC approval, which was granted by the commission on Dec. 19, 2016.

Upon completion of the

deal, AboitizPower is to pay $1.197 billion “subject to certain price adjustments at closing depending on conditionalities. The final amount of consideration will be calculated on completion.”

The acquisition will be funded by a combination of internally generated cash and financing from foreign banks, AboitizPower said. “ T h e a c qu i s it i on of the beneficial ownership interests in the [two companies] is in line with [AboitizPower’s] target to increase its attributable net capacity to 4,000 MW [megawatts] by 2020,” the company previously said.

BOI approves JG Summit’s SSS resolves over 1,400 P16-B petrochem projects complaints from 8888 hotline THE Board of Investments (BOI) has approved three projects of Gokongwei-led JG Summit Holdings, Inc. (JGSHI) for petrochemical manufacturing facilities worth P15.8 billion.

JG Summit Petrochemical Corp. (JGSPC), a whollyowned unit of JGSHI, invested two pioneering projects.

The first project is worth P4.2 billion for manufacturing of butadiene and raffinate, which the company targets to annually produce 70,000 metric tons (MT) of butadiene and 89,000 MT of raffinate.

JGSPC is also investing P3.0 billion to produce other petrochemicals such as benzene, toluene, mixed xylene, C8+/C9+ Cut and non-aromatics.

Target annual production for these petrochemical products include 126,000 MT for benzene, 76,000 MT for toluene, 46,000 MT for mixed xylene, 18,000 MT for C8+/C9+ Cut , and 29,000 MT for non-aromatics.

BOI also approved the

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CorporateWorld

P8.6-billion investment of JG Summit Olefins Corp.

(JGSOC) for the expansion of its naphtha cracker facility to produce Polymer Grade Ethylene, Polymer Grade Propylene, Mixed C4 and Pyrolysis (Py) gas.

Wit h t he e x p ansi on project, JGSOC aims to manufacture additional 160,002 MT of ethylene, 51,000 MT of propylene, 26,418 MT of Mixed C4, and 78,876 MT of Py gas yearly.

These three BOI-approved projects of JGSHI will be located in its petrochemical complex in Batangas City.

All projects, located in JGSHI’s petrochemical complex in Batangas City, are expected to be fully operational by 2021 and will generate 133 new jobs.

JGSHI units aim to export petrochemical products to China, South Korea, and other Asian markets.

“We very much welcome investment projects such as these. The company’s initiative approves/PAGE 11

THE Social Security System (SSS) resolved a total of 1,411 complaints out of the 1,497 phone calls received by 8888 Citizen’s Complaint Hotline from August to November this year, reflecting a high 94 percent resolution rate.

Institutionalized under Executive Order No. 6, the 8888 hotline serves as the government’s feedback mechanism which enables the public to air their queries and grievances for proper endorsement and immediate action of the concerned agencies.

SSS President and Chief Executive Officer Emmanuel F. Dooc said that SSS attained high monthly resolution rates of 94 to 100 percent during the first few months of the 8888 hotline’s implementation.

“Given the large SSS membership with over 34 million covered at present, as well as the growing popularity of 8888 hotline, the number of SSS-related complaints coursed thru the CSC is increasing every month.

But on the contrary, the SSS is deeply overwhelmed that we are also receiving compliments from the 8888 callers. That is why we are doing our best to quickly respond to these concerns relayed by callers,” Dooc said.

Last November, the CSC referred 569 SSS-related cases thru 8888 hotline, higher by 55 percent than the 366 complaints endorsed last October.

Apart from the 8888 hotline, other CSC service channels include the Contact Center ng Bayan and Public Assistance Office. For the first 11 months this year, SSS has received a total of 2,219 complaints thru these three CSC feedback mechanisms, of which 96 percent of 2,130 cases were already settled.

“The most common SSS concerns coursed thru the CSC include complaints on the slow processing of claims and release of UMID ( Un i f i e d Mu lt ipu r p o s e Identification System) cards, resolves/PAGE 11

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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

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 With the theme "HANDS UP FOR #HIVPREVENTION" in observance of the World Aids Day 2016, Valencia LGU's City Health Office leads the street dance exhibition to raise awareness on the ill-effects of the dreadful disease. ALAGAD Mindanao, Local AIDS Council & Kaabag Valencia AIDS Prevention & Control Advocates (KAVAPCA) also serve as lead convenors of the event. (Bernadith S. Gempisao, MCG/RLRB, PIA-10, Bukidnon).

Seda Centrio Hotel 3238888 / 0917-577-5910

Philtown Hotel 726295 / 8564402 Fax: 723104

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

6

Feature

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Monday|january 2, 2017

Sikat ka Higala

By SHERYL MACALE

I know you must wonder sometimes why my story has always New York involved in it,i will tell you why.

All the person that i am now was made through my hardships and trials that took me 7 years to fight, the battle of depression and the courage that brought me home and the decision i made to do what is right and made a pact with God to do his will and share the love and grace he showed through my darkest hours alone and 8,000 miles away from home.I saw so many homeless people out in the cold,standing at the vent where steam would come out to keep their body warm in the winters night.When i recall the story of the matchless gurl i often recall the life i had i new york when you can feel the eery feeling of loneliness that you

can hear even your own heartbeat.The countless nights of crying missing home not able to hug my children was a terrible pain i still can remember even to this day.Thus,when i saw the children from Tahanan ng kabataan and Boystown i feel their pain too.They are all abandoned,some are molested some are raped by their own father or family that they run away and got into the wrong crowd and some have end up doing minor crimes or murder.

When a child is hepless,hungry and abandoned they dont have much of a choice .For 3 years now,i look after this children i ask their whereabouts and sometimes i caught them out in the streets again.Give a Gift is a project I have been doing.

It an advocacy to carry and become

the voices of this children.The pain i see in their eyes are so vulnerable that i can see through them.I can just imagine how they are feeling,sleeping hrough the night without any comfort but the cold floors and the crickets as it echoes outside.

Love is all they need but they never must have felt it.In my own little way i gave the a little hope they can still find love and comfort and maybe a better future.The city government are doing its best to take care of them.

And so maybe they will lead their lives differently.

Last dec.20 was the greatest.

The Executive Eagles Club have partnered with

me through Alain Pacatan andt their President Bennie Amboayan the owner of Palochina and Jun Tan the owner of Velox Gasoline Station,Micheal Mendez,Allen Joy Tabian,Glen Francis Atablanco to Bennies Crew

and my husband Luchinvar Dubouzet Prina Sam who have prepared the gifts to Migs Siao and Julia of DILG and to Norma Poulson who shared her bounty for this Children.I am honored to be blessed with such wonderful friends

who were willing share thier lives with the children.Special thanks to Micheal Mendez who gave away his baseball hat and watch to a speacial in lumbia.

We will cotniue to do this again next year to all my partners sikat kayo Higala.

Banking&Finance BSP extends period to exchange old banknotes

7

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T

HE Bangko Sentral ng Pilipinas (BSP) announced on We d n e s d a y t h a t t h e Monetar y Board (MB) decided to extend the period to exchange old banknotes in authorized agent banks of the BSP until March 31, 2017 from its initial deadline of Dec. 31, 2016.

In a briefing Wednesday, BSP Deputy Governor Nestor Espenilla Jr. said the MB’s decision to give a 90-day extension to exchange old banknotes series or the New Design Series (NDS) for New Generation Currency (NGC) is a response to public clamor to extend the period of exchange.

NDS notes were launched in 1985 which features the old BSP logo with eight denominations such as P5.00, P10, P20, P50, P100, P200, P500, and P1,000.

NGC notes were released i n 2 0 1 0 , fe atu r i ng t he new BSP logo and have six denominations: P20, PHP50, P100, P200, P500, and P1,000.

“So this extra three months basically is an opportunity,

the last opportunity, to exchange those new design currencies for new generation currencies,” Espenilla said.

“We take this opportunity to remind our authorized banks to fulfill the responsibility and accept those New Design Series currencies,” he added.

He s a i d au t h o r i z e d agent banks should accept exchange of old banknotes to new banknotes even if the person transacting is not a depositor.

Meanwhile, BSP Managing Director for Regional Monetary Affairs Sub-Sector Iluminada Sicat said 2.4 percent or some PHP23.3 billion of the original value of the old banknotes are still in circulation.

In terms of volume, 8.9 percent of the total volume released or some 295.7 million of NDS notes are circulating.

Most of the NDS that are still circulating have low denominations.

Since the start of the year, the old banknote series were no longer accepted for daily transactions.

THE planned takeover by the Land Bank of the Philippines (Landbank) of the Philippine Postal Savings Bank, Inc. (Postal Bank) by this year would be “very doable,” a senior central bank official said, with the process before the regulator seen to go smoothly.

Bangko S entral ng Pilipinas (BSP) Deputy Governor Nestor A. Espenilla, Jr. said Landbank’s acquisition of Postal Bank is unlikely to hit any snags as far as the central bank is concerned, even as the state-owned lender has not yet formally filed its acquisition proposal before the regulator.

L andb an k cor p orate planning officer Er win Rommel A. Almacen has said that the state-run lender eyes

Pilipinas (BSP), through Memorandum 2016-022 stressed the need for banks -amid their efforts to migrate to EuroPay, MasterCard and Visa (EMV)-chip technology, as required by the regulator -to ensure continued support for transactions using the old magnetic stripe technology.

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 – 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

By April 1, 2017, NDS notes are demonetized or will no longer have value, in

Bank by the third quarter of 2017, in keeping with President Rodrigo R .

Duterte’s campaign promise to put up a bank specifically for migrant workers. In particular, the bank will be 30% owned by OFWs. Landbank President Alex V. Buenaventura said in a statement last week that Postal Bank will be a listed firm with an authorized capital of P3 billion and a subscribed capital of P2 billion, of which P1 billion is paid-up by the Landbank.

Another P1 billion will be open for subscription to OFWs who would buy such shares.

Currently, Postal Bank is a thrift lender run by the state-owned Philippine Postal Corp. It is the 14th biggest among 63 thrift

which only the NGC notes will remain as legal tender in the country.

banks as of end-June with a P12.117-billion asset base, according to BSP data.

As planned, Landbank will seek to acquire this lender as one of its subsidiaries by this year, but must first secure approvals from the BSP, Commission on Audit, the Governance Commission for Government Owned and Controlled Corporations, the Philippine Competition Commission, and the Securities and Exchange Commission. takeover/PAGE 10

RCBC Savings Bank sees strong growth in loans

RCB C SAVINGS B ank, the thrift banking arm of Yuchengco-led Rizal Commercial Banking Corp.

(RCBC), expects its lending business to be the among the strongest in the industry for 2016 as it continued to sustain loan growth driven by consumer borrowings.

The order signed by BSP “We continue to look at Deputy Governor Nestor growing the [loan] portfolio, A. Espenilla, Jr. and dated positive growth in the [loan] Dec. 20 reminded banks, portfolio,” RCBC Savings even as they shift to the Bank President and Chief new technology, to continue Executive Officer Rommel servicing clients with old S. Latinazo said in a recent cards, with the Manual of interview.

Regulations for Banks on EMV RCBC’s thrift banking support/PAGE 10 savings/PAGE 10

Banks told to ensure support for old cards THE CENTRAL BANK has asked local banks and financial institutions to continue supporting magnetic stripe transactions from their clients, even amid lenders’ shift to the microchippowered technology for cards by this month.

The Bangko Sentral ng

CAGAYAN DE ORO CITY

BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203

Landbank eyes completion of Postal Bank takeover this year to secure the BSP’s approval to acquire Postal Bank and turn it into a special facility to cater to overseas Filipino workers (OFWs) within the “first semester of 2017,” on track with the Finance department’s goal to have the new bank operational by end-September. “[T]heir timetable is very doable. BSP wouldn’t take long to process this kind of application once they submit it since parties involved are both GFIs (government financial institutions) anyway,” Mr. Espenilla said in a text message.

The BSP regulates the country’s financial system, including banks and other industry players.

The Finance department announced last week that it targets to convert Postal

OROBANKERS DIRECTORIES

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

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Monday|january 2, 2017

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Billboard

Globe Business spearheads Healthcare at the digital age 2016 has been a year of adjustment and growth for the country’s healthcare industry.

Developments such as the implementation of a universal health coverage through PhilHealth, the strengthened execution of the Responsible Parenthood and Reproductive Health (RPRH) Law, the promotion of mental health education and assistance, and the government’s recent plan to distribute free medicine worth PHP2 billion to marginalized Filipino families show that the Philippines’ health sector is ripe for disruption especially with more focused government spending and investments on the digitization of healthcare.

For a long time, there has been a high demand for treatment and a low supply of accessible and affordable hospitals, equipment, and doctors.

In fact, the ratio of rural doctors to the number of patients accommodated is 3 is to 100,000, while there are 7 city doctors for every 100,000 patients.

On an average, it takes close to an hour or two for families to reach

health facilities. Public hospital patients have to deal with overcrowding, while bearing with the pains of recovery. Even with the presence of medical programs and infrastructures for public use, majority of Filipinos still shell out money for medicine and other fees, which is why many forgo consultations and opt for self-medication.

The Department of Health (DOH) acknowledges that there is a clear disparity between the quality of service received by those who can afford medical aid and those who cannot. In its Philippine Health Agenda, DOH unveiled its Sustainable Development Goals (SDGs) for years 2016 to 2022. These include financial protection and lower healthcare costs, quality medical services both in private and public infrastructures, and a responsive health system.

One of DOH’s many initiatives to achieve its SDGs is an eHealth Strategic Framework, which aims to integrate Information and Communication Technologies (ICT) with

(L-R) Globe Business Director for Marketing Services Nikka Abes, Healthcare Information Management Association of the Philippines Chairman Jeff Williams, eInnovation Project Lead Monchito Ibrahim, and Healthcare Information Management Association of the Philippines President Beng Coronel give their insights on the rise of healthcare information management in the country.

healthcare. This allows medical facilities to streamline information systems, make use of electronic medical records, process online submission and receipt of clinical results, automate operations and business processes, and create fast

access to data and research for healthcare workers. For instance, Telemedicine— the use of ICT to connect with patients for immediate treatment—is quickly gaining popularity, especially in the Philippines where many areas are still in great need

of accessible healthcare.

Globe supports the SDGs through a partnership with Salud Interactiva. The number one mobile telecommunications company is offering KonsultaMD to both prepaid and postpaid

subscribers. The service provides Filipinos with convenient and affordable access to licensed Filipino doctors. With 24/7 available phone consultation, patients can receive medical assessment for general healthcare healthcare/PAGE 10

Globe Business, SCMAP partner to forward PH supply chain industry New trends, Insights to stay ahead of competition discussed at Globe Supply Chain Interactive Workshop

The rise of the internet has definitely pushed businesses to respond quickly to market demands. It is not only

crucial that enterprises give customers what they want, but also ensure that their supply chains are running smoothly and

efficiently. To discuss the future of the supply chain industry, Globe Business, the information and communication

(L-R) Supply Chain Management Association of the Philippines (SCMAP) Executive Director Norman Adrian receives a token of appreciation form Globe Business Sales Cluster Head Patricia Sadorra for serving as the keynote speaker for the Supply Chain Interactive Workshop.

technology (ICT) arm of Globe Telecom, held a Supply Chain Interactive Workshop for executives from various retail, manufacturing, and logistics companies.

The goal for the workshop was to promote sustainable practices of improving supply chain management with Globe spearheading the Code of Conduct for suppliers.

What made the workshop different from other forums was that it enabled over a hundred guests to not only participate as an audience, but also to discuss the pain points and intended improvements on the supply chain industry.

Participants were also able to witness the synergy of their industries through various group activities.

The speakers tied up these activities with product solutions from Globe Business, putting emphasis on how these can help supply chains all over the country.

“Globe Business always makes it a point to provide enterprises

with up-to-date technology that will ease the flow of operations.

In turn, businesses can focus more on their customers. The point of this workshop is to facilitate an exchange of ideas, which will help us understand what your supply chains need and enable us to offer you the best solutions,” said Mike Frausing, Globe Senior Advisor for Enterprise and IT-Enabled Services Group.

Four solutions were featured in the forum, namely Machine-toMachine (M2M), Canvas mobile forms, Microsoft O365’s Power BI, and GCash. Guest speakers demonstrated how these solutions synchronize with one another to create accurate and efficient systems that can help improve business operations. For instance, M2M Fleet Management System allows businesses to monitor the status and location of their delivery vehicles and shipments.

Canvas lets owners know that packages have arrived safely to clients through its GPS

and electronic signature capturing features.

Microsoft Power BI, on the other hand, helps teams integrate data from Canvas forms to create powerful and interactive visuals for presentations.

Mynt—a subsidiary of Globe Telecom—provides customers with the means to remit payments for delivered goods through their mobile phones.

The Globe Business Supply Chain Interactive Workshop recently completed the series of forums for the supply chain industry.

It started at Marriott Grand Ballroom with the Metro Manila Supply Chain Companies as its audience, followed by the SCMAP Members and affiliates at the F1 Hotel.

Finally, the workshop was concluded at the Acacia Hotel with the Southern Luzon Supply Chain Companies. Each forum aims to address a specific challenge of the industry and allows a venue for best practice sharing and healthy discourse among supply chain practitioners.

10

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Takeover... from page 7

Landbank is the fourth largest lender in terms of assets as of end-June worth P1.288 trillion.

In setting up the OFW bank, Landbank is poised to open a representative office in Saudi Arabia to capture some 800,000 Filipinos based in that country.

Support... from page 7

Implementation Guidelines noting that there needs to be “[c]ontinued support to existing transactions sets and functions provided to consumers; and continued ability to support, in the interim transactions in magnetic stripe format subject to liability shift policies acceptable to the BSP.” “Issuers, on the other h a n d , a re re q u i re d t o e d u c at e c o n s u m e r s t o smoothly transition customer experience/expectations from traditional magnetic stripe to EMV chip-compliant cards.”

“In t h i s re g ard , a l l concerned BSP-supervised financial institutions (BSFI) should ensure that the above requirements can be adequately fulfilled so that consumers will not be disenfranchised while transition to EMV technology is ongoing,” the central bank’s memorandum noted.

AWARENESS EFFORTS “BSFIs should likewise strengthen EMV-related consumer awareness efforts, particularly to allay fears of the consumers that their

magnetic stripe cards are no longer usable come 1 January 2017,” it added.

Failure to comply with the transition guidelines shall be subject to appropriate sanctions and penalties, the BSP said.

The central bank issued Circular 859 in 2014 that required all debit and credit card-issuing companies to migrate to the EMV chip technology by Jan. 1, 2017, veering away from the current magnetic stripe.

The international standard of the EMV system is said to be “more secure” against fraud as it includes encryption locks and keys to authenticate the card and transactions, protecting data from being compromised.

Bankers’ Association of the Philippines (BAP) President Nestor V. Tan had previously said that not all banks will be able to meet the central bank’s deadline, noting that those non EMVcompliant banks will just have to face the risk of sanctions and penalties.

Savings... from page 7

arm saw its bottom line in the first half of the year grow by 10% to P410 million from a year ago, driven by a 12% increase in its net interest income.

Net interest income during the January to June period was lifted by a 21% growth in its loan portfolio to P69 billion boosted by a double digit growth in its core lending businesses: auto and mortgage loans.

“We are growing -- based

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF Tubod, Lanao Del Norte NOTICE OF EXTRA-JUDICIAL SALE EJF No.: 208-07-2016 Upon the Extra Judicial Petition for Sale under Act 3135/1508, as amended, filed by the UNITED COCONUT PLANTERS BANK, UCPB Executive Building, Makati Avenue, Makati City, Metro Manila against SPOUSES DORIS C. BETACURA and MARK LUTHER BETACURA, Baroy, Lanao del Norte to satisfy the indebtedness which as December 13, 2016 amounting to FOUR HUNDRED NINETY THREE THOUSAND FIVE HUNDRED & 25/100, (Php 493,540.25) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at Public Auction on 7th day of February 2017 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Provincial Capitol of Lanao del Norte,Pigcarangan, Tubod, Lanao del Norte, to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements, to wit: LIST OF MORTGAGED PROPERTIES ORIGINAL CERTIFICATION OF TITLE No. P-19, 410 A parcel of residential lot situated at Poblacion, Baroy, Lanao del Norte containing an area of Six Hundred Two (602) square meters.

Bounded on the SW, along line 1-2 by Lot 2250, Pls 13; on the NW, along line 2-3 by Road; on the NE, along line 3-4 by Road; and the SE along line 4-1 by Lot 2227, Pls 13. Together with all the improvements found thereon. ‘’All sealed bids must be submitted to the undersigned on the above stated time and date.

In the event that the Public Auction cannot take place on the said date, it shall be held on February 13, 2017 without further notice.

Tubod, Lanao del Norte, Philippines, this 27th day of December, 2016.

For the Clerk of Court and Ex-Officio Sheriff

BWM: Jan. 2, 9 & 16, 2017

(Sgd.) CONRADO V. HINGCO, JR. Sheriff IV

on the initial numbers we have -- our growth would be one of the top in terms of the industry, among the industry for 2016. We have been sustaining our good growth rates in our portfolio, mainly [by] consumer loans,” Mr. Latinazo said.

D e s p i t e t h e b a n k’s expansion in lending business, its non-performing loans (NPL) ratio in the January to June period fell to 2.2%.

NPLs are soured debts left unpaid for at least 30 days after its due date.

Asked how its parent’s involvement in February’s heist of $81 million from the Bangladesh central bank affected its own growth, Mr. Latinazo said, “As far as RCBC Savings is concerned, we continue to lend. In fact, we have been growing our portfolio significantly and we are looking on a year-onyear, as of September we are looking at a robust growth of 20% in our net portfolio.”

RCBC posted lower net income in the nine months ended September to P3.50 billion from the P3.634 billion a year ago after a P1-billion fine was slapped by the Bangko Sentral ng Pilipinas in the wake of the Bangladesh Bank cyberheist.

RCBC already settled P500 million or half of the fine over misdeeds that allowed the transfer of stolen funds from the Bangladesh Bank’s account to four RCBC accounts at the latter’s branch on Jupiter Street in Makati City last February.

In 2015, RCBC posted a P1.249-billion net income, 21% up from the 2014 level as the bank saw gains in its main businesses. The bank is looking at a 20% rise in both its deposit and loan book this year.

Healthcare... from page 9

inquiries, which lessens the instance of self-medication that could lead to more severe problems.

“Our company’s core purpose is to create wonderful

experiences for people.

Good health contributes to a better quality of life--and we strongly believe that Filipinos deserve both,” mentioned Mike Frausing, Globe Senior Advisor for Enterprise and IT Enabled Services Group.

Aside from KonsultaMD, Globe has also partnered with ACCESS Health to give maternal and child care services. In addition to this, the company has made efforts to supply individuals with HIV awareness, counselling re f e r r a l s , t e s t i n g , a n d treatment programs with the help of the Philippines Nat i ona l Ai ds C ounci l (PNAC). Another is Globe Telecom’s HopeLine which is a 24/7 suicide prevention and emotional crisis line wherein customers can call 804-HOPE (4673) or dial 2919 for free.

In creating an easier and more convenient way to contribute and lend aid, Globe also partnered with Philippine General Hospital (PGH) to allow the public to donate funds to the pediatric clinic rehabilitation through their prepaid credits or charged to their postpaid bill.

The company has also made investments in Kickstart projects, such as Lifetrack which allows accessible radiology readings through a software platform, and Medix, a cloud-based clinic management service.

The country’s healthcare industr y still has room for improvement and investments are continuing to pour in, especially in the IT-BPM industry where the health sector is the biggest contributor. In fact, it is projected to gain revenue worth US$276 billion by 2021. With the high demand for good medical facilities, the renowned quality of service from Filipino medical professionals, and technology well on its way to advancing the healthcare system, the Philippines is becoming an investment hotspot for global healthcare players.

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Monday|january 2, 2017

Loans... from page 1

of power utilities battle the strike of nature-induced disasters.

The solon noted the proposed financial assistance to ECs shall be for “the restoration and rehabilitation of power facilities damaged due to fortuitous event or force majeure.”

The current practice, he cited, is for the ECs to apply for loans with the National Electrification Administration (NEA) for much-needed repair of their facilities after the strike of natural disasters, but “this system actually ends up costing consumers when the interest payments on these loans are passed on to them.”

He cited that the parallelism for such would be like “distributing goods to calamity victims only to make them pay later – which is a concept completely repugnant to the compassionate spirit of disaster relief.”

Gatchalian enthused “there is a clear need to give electric cooperatives a speedy and effective source from which to acquire the funds to turn the lights back on after a strong storm.”

Having been located at the so-called “Pacific jinx”, the Philippines is visited annually by more than 20 typhoons and storms of various degrees of strength – making power facilities, primarily the ECs’ distribution networks, vulnerable to damage and battering. Add to that the ot her natural dis asters like earthquake and other catastrophic events.

Gatchalian further noted that the proposed legislated policy shall “adequately prepare electric cooperatives for natural disasters by requiring disaster mitigation and preparedness measures” so they can be resilient to natural calamities.

Palace... from page 1

economic growth to household consumption, as well as investments in construction, public infrastructure and durable equipment. This was supported by low inflation, low interest rates better labor market conditions and the steady growth in the remittances of overseas Filipino workers, he added.

Government assistance s u c h a s t h e Pa nt aw i d Pamilyang Pilipino Program (4Ps) also provided additional boost to consumer demand, he said.

Abella likewise noted that the agriculture sector is also starting to recover and finally breaking five consecutive quarters of decline. Growth in industry, particularly manufacturing, construction and utilities also accelerated, he said.

He said the services sector likewise improved overall, with stronger expansion in trade, finance, real estate, and public administration.

Citing the prospects of the government, Abella said National Economic

and Development Authority (NEDA) “is setting a gross domestic product growth rate in 2017 of between 6.5 and 7.5 percent.”

On employment, Abella said in 2016, the Philippine labor market is found to be in better shape noting that employment rate as of October 2016 is at 95.3 percent.

“This means that there are approximately 41.7 million Filipinos employed, while unemployment rate also declined to a record low of 4.7 percent,” he said.

To improve employment sector, Abella said the government will continue to work to improve local infrastructure and link the agriculture sector with industries to help raise the productivity of farmers and increase the value of their products.

In terms of infrastructure, Abella said the administration has so far approved 17 projects which include Phase 1 of the Metro Manila Flood Management Project; the EDSA Bus Rapid Transit Project; the Plaridel Bypass Road Project; the New Cebu International Container Port Project; the South Line of the North-South Railway Project; and the New Nayong Pilipino at Entertainment City, among others.

“The government i s r a mp i n g u p p u b l i c infrastructure spending this year, allotting at least 5 percent of the GDP to go to infrastructure projects until 2022,” he said.

On international partnerships, Abella recalled the foreign trips the President embarked last year such as in China, Japan, and Peru and the member countries of the Association of Southeast Asian Nations (ASEAN).

Abella said the trips were very fruitful for the Philippines opening more opportunities for trade and investment.

“Our chairmanship of the ASEAN Summit next year will be a perfect opportunity for the Philippine government to forge more partnerships with our neighboring countries,” he said.

On the government’s war on illegal drugs, Abella said President Duterte’s determined campaign versus illegal drugs has resulted in the surrender of more than 900,000 drug addicts and the confiscation of billions of worth of illicit drugs.

He said exposing the drug menace has now led the government to look at it not only as national security but also as public health issue that resulted in building of rehabilitation facilities.

On the peace process, Abella said the President’s ultimate dream is for all armed conflict to stop and for the Filipino people to live in peace, safety, and security.

Meanwhile, at the same press briefing, Department of Health (DOH) Undersecretary Gerardo Bayugo called for an intensified and collective effort to stop the spread of Acquired Immune Deficiency Syndrome (AIDS) in the

country.

He noted that the spread of Human Immunodeficiency Virus (HIV), which causes AIDS, could be prevented through collective societal effort, increasing awareness on the disease especially among youth and vulnerable populations, promoting use of condom, establishing test and treat service delivery networks nationwide and ending stigmatization and discrimination in workplaces.

He underscored the need to foster collaboration with other government agencies such as the Department of Education, as well as community-based organizations in order to reach the young and impart to them the correct information on HIV and its consequences and how to stop its transmission and spread.

Bayugo said the DOH is proposing the distribution of condoms to schools particularly among youth ages 15 to 24 as current statistics showed an increasing number of HIV cases among those ages.

Bayugo said they are eyeing to start distribution of c on d oms n e x t ye ar specifically in regions with the most number of HIV cases such as in National Capital Region, Calabarzon, and Region III. “The DOH would like to say that the promotion of condoms does not encourage risky behaviors, rather it promotes responsibility, respect, and good health habit,” he said.

Bayugo likewise gave an update on the government’s “Iwas Paputok” campaign days prior to the country’s celebration of New Year.

He said there have been 70 firework-related injuries reported as of this date, which is much lower than the figures in previous year, and even compared to the last five years average.

Shutdowns... from page 1

At that time, he was still uncertain of the legal implications. But in the recently concluded Philippine Electricity Summit in Davao, he was already convinced about the advantages of embracing such as a policy.

Other power markets have been making “power plant maintenance schedules” as information of public domain, but in the Philippines, these are being treated as “confidential information” for some time with only the DOE and system operator National Grid Corporation of the Philippines (NGCP) getting that information.

Bunye... from page 4

a c t i v e p a r t i c i p a nt s i n the organization called “Ikalalaya” – one of the earliest organizations which actively advocated and supported a movement to honor Rizal.

In 1910, “Ika la laya” organized what was probably among the early ceremonies held in memor y of the national hero.

“A likeness of Rizal, fashioned out of mud was

p arade d in t he st re ets of Alabang, on top of a baby carriage. Behind the carriage was the 9-man band of Victorino Porciunkula.

The parade ended at the house of G. Moral where a ‘salu-salo’ was hosted by Germogenes Arciaga and Salustiano Bragat.

“The following year, on the birth anniversary of Dr. Rizal, a much bigger parade which started from Sukat and ended at Tunazancillo (the whole length of Muntinlupa) was held. The occasion was graced by Lope K. Santos, Governor of Rizal, Honorio Musni and Board Member Silvestre Apacible.”

Note: You may email us at totingbunye2000@gmail. com. You may also like us on Facebook at “Speaking Out”.

documents and implement these measures to safeguard the fund from possible fraudulent claims,” Dooc explained.

Among the priorities of the current SSS management is building stronger ties with other government institutions for databasesharing arrangements, which will allow SSS to access data directly from concerned offices instead of requiring SSS members to submit documents obtained from these same agencies. (PNA)

systems and streamline its procedures to speed up the processing of claims, loans and other member transactions. SSS continues to pursue p ar t nerships with banks and other organizations to enhance its delivery of services.

“We also understand the difficulties members encounter when they are asked by SSS to submit several documents to support their application for b e ne f it s and ot he r claims. We require these

Approves... from page 5

and innovation in expanding their petrochemical plants is definitely a big boost to the manufacturing industry and its sub-sectors,” Trade Undersecretary and BOI Managing Head Ceferino Rodolfo said.

JGSPC currently operates two polyethylene (PE) and polypropylene (PP) plants with a combined annual capacity of 320,000 MT of PE and 180,000 MT of PP. JGSOC started the operation of the naphtha cracker plant in 2014. This is also the country’s first and only naphtha cracker facility.

(PNA)

Resolves...

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 25 Cagayan de Oro City

from page 5

and clarifications on SSS procedures and documentary requirements,” Dooc said.

The SSS chief said that the agency plans to further enhance its automation of EXTRAJUDICIAL SETTLEMENT OF ESTATE OF DECEASED PERSON KNOW ALL MEN BY THESE PRESENTS: This instrument, made and entered into by and among: ELVIE J. BADUEL, widow, IRENE BADUEL, JEAN J., BADUEL, all of legal ages, singles, Filipino and residents of NHA Molugan, El Salvador City, Misamis Oriental, herein-referred to as the HEIRS; Witnessed: That on January 21, 1995 at NMMC, Cagayan de Oro City, FRANCISCO BADUEL JR., died intestate leaving a certain parcel of land more particularly bounded and described, to wit: ‘’A PARCEL OF LAND Lot 24, Block 3, situated at NHA, Molugan, El Salvador City with an area TWO HUNDRED TEN (210) SQUARE METERS, more or less.’ That at the time of the death of the above-named decedent he left no known debt, whatsoever and this instrument does not involve personal property as none was left by the above-named decedent at the time of his death; That the HEIRS herein being his surviving wife and children are the only forced heirs of the said decedent; That it is to the best interest of the said HEIRS and of the estate of the above-named decedent, that the herein-above described parcel of land thereon, be adjudicated unto divided and partitioned by and among the said HEIRS; Under the Notary Public of EMMANUEL A. AKUT, per Doc. No. 72; Page No. 16; Book No. 130; Series of 2015.

BWM: Dec.23, 30 & Jan. 2, 2017

OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE EJF File No. 2016-534 Upon extra-judicial petition for sale under Act 3135 as amended, filed by HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG FUND, Mortgagee, with address at J.R. Borja Street, Cagayan de Oro City, against CHRISTIAN JAY A. BALILI, Mortgagor, with postal address at Lot 4, Block 10, Silver Creek Subdivision, Carmen, Cagayan de Oro City, to satisfy the mortgaged indebtedness which as of October 28, 2016, amounts to ONE MILLION THREE HUNDRED SEVEN THOUSAND SEVEN HUNDRED FIFTY EIGHT PESOS & 86/100 (P1,307,758.86) inclusive of interest and penalty charges that may accrue thereafter, plus the expenses of the foreclosure, the undersigned Sheriff will sell at public auction on January 20,2017, at 10:00 o’clock in the morning or soon thereafter at Regional Trial Court, Branch 25, City Tourism Hall, City Hall Compound, Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the property mentioned in the said mortgage which is described as follows: TRANSFER CERTIFICATE OF TITLE NO: 137-2011004035

LOT

Portion of Lot

As Surveyed for

Location

: LOT 4, Blk 10, Psd-10-053352 : 3891-P-2, Psd-10-050786 : Corelco Inc., (Silver Creek Subd.) : Brgy. Canitoan; now Carmen, City : Of Cagayan de Oro, Island of Mindanao : Eighty (80) square meters, more or Less, including all improvements Found thereon.

All sealed bids must be submitted to the undersigned on the abovestated date, time and place.

In the event the public auction on January 20, 2017 should not take place, on the said date for whatever reason, the same will proceed on the following day, without further notice, posting and publication.

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

Cagayan de Oro City, December 2, 2016.

FOR THE EX-OFFICIO PROVINCIAL SHERIFF:

(Sgd.) LOVE M. VERDADERO Sheriff IV

BWM: Dec. 19, 26 & Jan. 2, 2017

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