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BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VI, No. 007

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Market Indicators As of 6:10 pm july 10, 2015 (friday)

FOREX US$1 = P45.12

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PHISIX 7,392.59

X X Briefly

cents

14.90 points

Livelihood assistance

2014 ppi’S Best in ENVIRONMENTAL Reporting Mon-Tue | July 13-14, 2015

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KORONADAL City -- A top official from the Mindanao Development Authority (MinDA) said the proposed P959 million General Santos City Airport Industrial Complex or Aerotropolis will position Region 12 as a major international gateway in Mindanao. MinDA Undersecretary Janet Lopoz said the Aerotropolis, a major infrastructure project being pushed under the Mindanao Development Corridors will boost the competitiveness of Region 12, located in the South-Central Mindanao Development Corridor. “The project will integrate the different points of entry in Region 12, particularly General Santos’ international airport, fishport complex, and Makar Wharf,” said Lopoz at the 50th Regular Meeting of the Regional Development Council XII at Villa Amor Hotel, held here recently.

By CARMELITO Q. FRANCISCO, Correspondent

URO Power (Asia) Holdings, Inc., a subsidiary of Indophil Asia Equities, Inc., broke ground its P384-million mini hydroelectric power plant (MHEP) in New Bataan, Compostela Valley.

BUKIDNON -- More than 1,000 indigenous peoples from the Talaandig tribe in the municipality of Lantapan in this province are going to receive livelihood assistance provided through the Sustainable Livelihood Program (SLP) of the Department of Social Welfare and Development (DSWD). This assistance is in line with the Modified Conditional Cash Transfer for Indigenous Peoples (MCCT-IP) who are in Geographically Isolated and Disadvantaged Areas (GIDA). The MCCT-IP is a special program of the department that focuses mainly in the provision of support services to the indigenous peoples.

Mindanao gateway

P15.00

More hydro power to boost M’danao supply www.businessweekmindanao.com

The plant’s 2.4-megawatt (MW) capacity is committed to Davao del Norte Electric Cooperative, Inc., which serves parts of the provinces of Compostela Valley and Davao del Norte, according to Romeo M. Montenegro,

public affairs and investment promotions head of the Mindanao Development Authority (MinDA). “It is the third renewable energy project in Mindanao this year,” Mr. Montenegro Supply/PAGE 11

CHILD’S PLAY. A girl plays with bottle caps which she places on the side of an idle pushcart inside the public market in Malaybalay City yesterday. mindanews photo by h . marcos c . mordeno

S&R Membership Shopping to break ground in CDO in August By BONG D. FABE, Correspondent

S&R Membership Shopping club, modeled after the warehouse membership shopping chains in the United States, will break

ground in this trade capital of Northern Mindanao next month. Mayor Oscar S. Moreno re ve a l e d t h is S atu rd ay

during the launching of the second batch the Leadership Communities (Leadcom 2015) program of the Ayala Foundation, Inc. at the Balay Mindanaw Peace Center. S&R/PAGE 11

S&R Membership Shopping club, one of the leading warehouse shopping chain in the US, will soon be in Cagayan de Oro City.

Agutayan eyed as scuba diving spot By MARK D. FRANCISCO Staff Writer

Get your BWM Loyalty Card NOW for only P350.00 valid for one year, and avail of discounts to more than 150 participating business establishments.

THE provincial government of Misamis Oriental has found an ally in the development of Agutayan Island off Jasaan town as a new dive spot through the Presidential Agutayan/PAGE 11

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Economy

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LANAO DEL SUR’S DREAM ROAD:

Shorter route to northeastern Mindanao

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A N Y re s i d e nt s of Lanao del Sur are anticipating t h e c o mp l e t i o n o f t h e on-going “Dream Road” project, a 53-kilometer road stretching from the municipalities of Molundo, Maguing, Bumbaran and Wao, Lanao del Sur, to the municipality of Maramag, Bukidnon. Gov. Mamintal Alonto Adiong, Jr., who lobbied for its completion to President Aquino, s aid that as of press time only 12 kilometers of the road

is being paved. “I am hopeful that the project shall be fully c o m p l e t e d b y 2 0 1 6 ,” Adiong said. The Dream Road shall shorten the travel time f rom Mar aw i C it y, t h e s e at o f t h e p r o v i n c i a l government of L anao del Sur, to the cities of Malaybalay and Valencia in Bukidnon from seven hours to four hours. “Going to Davao City shall no longer be a 12hour feat for residents of the province as travel time

RUSH SALE 12 Hectares of Land about 80% planted with Benguet/Carribean Pine Trees.

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is lessened to more or less four hours,” said Provincial Engineer Serad Laut. Adiong said the said road is expected to enhance business, fair trade and livelihood between Lanao d e l Su r a n d B u k i d n on w h i ch are b ot h k now n to be rich in agricultural lands and farms. “Farmers and buyers shall benefit as crops can be sold and bought at cheaper prices,” he added. The Dream Road project was the brainchild of the late Mamintal M. Adiong,

S r. du r i n g h i s t e r m a s G ove r nor of L ana o d el Sur in 2001. Some of the funds from the offices of Rep. Ansaruddin “Hooky” Alonto Adiong and ARMM Assemblyman Z ia-urRahman Alonto Adiong, both representing the first district of Lanao del Sur, were allotted for the said road. The Department of Public Works and Highways of Region 10 is currently handling and monitoring the implementation of this P485 million project.

ARMM employees to receive incentive bonus MARAWI City -- More than 30,000 regular and casual employees of the Autonomous Region in Muslim Mindanao (ARMM) will receive Productivity Enhancement Incentive (PEI) pay for fiscal year 2015 starting this week. Lawyer Laisa Alamia, ARMM executive secretary, said a P583-million grant for this purpose has already been downloaded by the Department of Budget and Management to the region and is now being transferred to the 25 offices and line agencies under the ARMM. Alamia said the “onetime grant is the first in the region’s history.” The PEI is a component of the government’s PerformanceBased Incentive System, pursuant to Executive Order 181. In order to qualify for the PEI, agencies must pass certain requirements to include achievement of at least 90 percent of their 2014 targets, compliance with the Transparency Seal under the General Provisions of the

2014 General Appropriations Act, and compliance in posting, or publication, of the Citizen’s Charter. “We qualified for this grant because we passed the good governance conditions set by the national government,” said Alamia. She reiterated that t h e re g i on p a s s e d t h e requirements “because of the reforms in governance agenda that the current administration has been doing as well as its political will to upgrade and level up professionalism and ethical standards of the employees.” A total of 29,997 regular and 145 casual employees in the region will receive the incentive that ranges from P5,000 to one-month basic salary. However, an employee must have rendered at least four months of service as of May 31, 2015 and has obtained at least a satisfactory performance rating in order to receive his incentive pay. Employees who have served less the specified bonus/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


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To Die For

hink a minute…This is a true story about an American teenager named Leo Carter. Leo was from the most dangerous part of the big city of Chicago. He was only 17 years old when he saw another teenager named Elijah shoot and kill a businessman. Elijah and his gang decided to kill Leo so he could not testify against them in court. One day they caught Leo, dragged him behind a building and shot him in the head. It was a miracle that Leo did not die. Yet even after that, Leo still had the courage to testify against Elijah for murdering that businessman. Elijah is now in prison, because Leo stood for what he knew was the truth no matter what it cost him. There are many people who would rather stay alive than die for the truth. There’s a saying: “If you don’t have anything to die for, then you don’t have anything to live for.” Sometimes we pay a big price for being honest and standing up for the truth. We can make some real enemies, even lose our job or position of respect and power, just because we were honest and stood for the truth. The question is: Who are you more afraid of? People and what they think

Lake Sebu as the Rains Pours

A

FTER t he long dr y spell, floods are now r i s i n g i n s om e p a r t of C e nt r a l Mi n d an a o an d in North and South C o t a b at o. O f t h e f e w places in Mindanao where things don’t cost the earth, Lake Sebu, is a good eco-tourism destination after summer when water level starts to recover in the lake enabling f resh water fish to hatch their fingerlings adding to the stocks of Tilapia and Mu d f i s h i n t h e i n l a n d body of water. Almost all municipalities in Cotabato have eco-tourism attractions with the river basins providing source of water for farm working animals to downstream D u ck c u ltu re. Fe r t i l e farms are everywhere with endless fruit bearing trees, lining up the road side. The Cotabato provinces have an imprint of 5000 y e a r s h i s t o r y. Mu s l i m culture symbolized by the Mosques and interweaving of tapestr y and sinamay cl ot h is b e qu e at he d by an enchanting diversity. Lake Sebu lies in a place where nature is intended. If you are looking for peace and quiet, you can stay in any of their modest resort houses. For day tours, you can dine at the stationary f loating restaurants for the fresh catch of the day. The sight of travelling to the place is a journey of unfamiliar scenery at the same time, discoveries, of how people are attached to the bondage of the conflict areas. No one would like to leave because of their

THINK

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or can do to you? Or God, your Maker and Judge? Jesus Christ said that you and I must decide if we truly believe He is Who He said He is: the only true and living God Who came to die for all our wrongs so He could forgive us. Since Jesus proved He’s God the Son by coming back to life from death, we must live His way everyday of our life. We can’t say we believe in Him and then keep living our own way instead of changing to live His way. That’s why Jesus said everyone must be born again. We must die to our past life of living our own way so we can start life all over again with His life and character changing us everyday to reach our potential He created in us. It’s kind of like being pregnant: either you have hurst/PAGE 10

lands and animals which is their important source of living. But all of these footprints are behind the shadows of fear threatened by human behavior and t h e out bu r s t of n at u re which has a solution. South Cotabato, where Lake Sebu is located, is part of the proposed Bangsa Moro autonomy. It is undeveloped in terms of modern infrastructure but it is bequeathed with natural resources needed for m anu f a c tu r i ng and power generation. Xstrata Mines has a concession to mine Ore where gold, copper and aluminum can be extracted. Coal is a l s o a bu n d a nt , n e e d e d t o e n e r g i z e t h e Po w e r Plants, operated by S outh Therma Marine and San Miguel Energy, two of the newest electric producing companies which can supply the whole Mindanao Grid with additional 600 Megawatts once operational before the year is over. While the Bangsa Moro Law is still reviewed by the Senate with forthcoming amendments of the draft and even to the possibility of substitution of the proposed law with more provisions for economic i mp a c t t o b e n e f it ou r Muslim brothers. With conjecture to the opinion of Senator Ferdinand R. Marcos, Jr., maybe a parallel version must be presented and debated. A legislation made by the Senate, whose members are elected by the people and mandated to create

laws is prob ably b etter in substance than the research crafted by Un i v e r s i t y P r o f e s s o r s . Pe r h a p s , o n t h e o t h e r hand, the government and the private tourism stake holders could have something to gain if part of that enormous budget in the BBL would go to the Tourism Enterprise and Infrastructure Zone Administration (TEIZA) for the improvement of roads and bridges leading to the potential tourism attractions. Dredging of m a ny r i v e r b a s i n s a n d road widening is one step to prevent flooding and save the funds of the Local Government Units spend for disaster rehabilitation in the calamity affected areas. Community tourism under a climate of peace is probably, one vehicle for pover ty alleviation, in the Bangsa Moro areas. The BBL need not be provided with billions of pesos whose expenditures may never be accounted. Infrastructures and agricultural modernization should top all priorities to attain peace. Cotabato and even Maguindanao on the other side, has fertile lands suitable for planting of crops and large scale agricultural development f o r r u b b e r, c o f f e e a n d pineapple where the yield income is high. Koronadal City has potential for Cattle R anching with many flat lands and rolling terrains suitable for corn pl ant at i ons . C or n fe e d cattle’s has the best variety of meat similar and tender

TRAVERSING the

Tourism H i - way

Ped Quiamjot to the Angus Beef variety in the US. With the forthcoming Asean Economic integration, the proposed B angsa Moro covered areas, can play a major economic contributor should it undertake large scale production of Halal Meat for trading to t he As e an Musl i m c o u n t r i e s . Wi t h l o w e r tariffs for export in the Asean integration, Muslim m an age d c omp an i e s i n the region can go for t h e e x p or t m ar ke t an d earn more which is what they need aside from contributing to the GDP. May be, the BBL should contain more economic provisions to teach our Mu s l i m brot h e r s t o b e fishermen of innovations not just recipients of g ov e r n m e nt d o l e o u t s . Money cannot buy peace, after the calm and once it runs out, here comes the crash with new conflicts born. For comments or queries, please Email: sbeverege@ rocketmail.com or follow on Twitter @gm_ped

Financial Inclusion, BSP Style (1)

A Minute

Jhan Tiafau Hurst

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ecently, Queen Maxima of The Netherlands had most Manilans (specially BSPers) star-struck. Aside from her other royal duties at home , Queen Maxima is the UN Secretary General’s Special Advocate for Financial Inclusion for Development. She was in Manila as a special guest of the Bangko Sentral ng Pilipinas during the signing of the National Strategy for Financial Inclusion. The National Strategy for Financial Inclusion is a document signed by 13 government agencies. It sets, in the words of BSP Governor Amando Tetangco, Jr., a “strategic map for a unified national financial inclusion landscape”. Every Juan and Maria may ask what is “financial inclusion” and why is it so important? The term “f inancial inclusion” came into vogue around 2003 and has since become mantra for most development institutions. The Bangko Sentral was among the first to adopt “financial inclusion” as one of its core advocacies.

At its very basic, financial inclusion means providing access to financial services at affordable costs to sections of disadvantaged and lowincome of society. These services include savings or deposit services, payment and transfer services, credit and insurance. Studies have shown that the converse of financial inclusion, i.e., financial e xc lu s i on , h a s a h i g h cor rel at ion to p over t y incidence. But access is just a first step in a ladder-type threepronged framework for achieving financial inclusion. The other two steps involve a) Financial Education and Literacy and b.) Financial Consumer Protection. BSP Governor Tetangco explains these closelyintertwined steps in his article which appeared in the March 2015 issue of Philippine Rotary. Improving access to financial services Here it is very important to emphasize the need for an effective partnership between the BSP and the private financial institutions

and other stakeholders. BSP provides the enabling environment through its policies and regulations. The financial institutions and other stakeholders provide a.) financial access points b.) the optimum mix of financial products , in both cases by leveraging the appropriate technology. As a re su lt of t h i s partnership, there are now more financial products, compared to five years ago, which are now available to the previously “unbanked”. These products include, but are not limited to, microfinance, micro-insurance, micro-housing, micro-agri loans and Kiddie Accounts. Tetangco also reports that 3 years ago, 37 per cent of cities/municipalities had no banking presence and therefore classified as “unserved”. Today, because of ATMs, e-money agents, pawnshops, savings and loans associations, remittance agents and money changers, “unserved” communities have been reduced to just 12.6 per cent. The BSP has partnered with the Bank Marketing

SPEAKING

O ut

Ignacio Bunye Association of the Philippines in launching the Kiddie Account Program – designed to encourage children 12 years and below to open savings accounts. There has been an observed increase in the number of deposit accounts by about 7.2 million compared to two years ago. About 6.6 million of these new accounts can be traced to Kiddie Accounts – a proof that efforts to invite more participants (especially among the young) into the formal banking system is gaining traction. (to be concluded next week) Note: You may email us at totingbunye2000@gmail.com.


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CorporateWorld

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Minions take over McDonald’s THE Minions are back and they have officially taken over McDonald’s! A full Minions experience awaits, as Kevin, Stuart, and Bob, stars of the Minions Movie, bring us the Minions Banana Festival. Get ready to go bananas every time you enter a McDonald’s store with the new Minions Happy Meal toys —10 Minions collectibles now available in-store— and the Minions Combos featuring an array of Minions-themed desserts. Pair a classic like McDonald’s World Famous Fr ies wit h the all-ne w Minions-themed desserts and you get the perfect snack combination for you and your

friends. Try the new Honey Banana McFloat, a sweet and refreshing banana and honey flavored drink topped with vanilla soft serve, through the Minions Medium Fries ‘N McFloat Combo for only P65. In t h e m o o d f or a McFlurry? Go for the Minions Medium Fries ‘N McFlurry Combo for only Php95. You have a choice between two new and exciting McFlurry flavors. Discover the Banana McFlurry with Oreo where a classic gets a bananalicious twist, as banana flavor is mixed with Oreo bits in vanilla soft serve. You can also have the Banana

Sale of Lafarge assets to Holcim PH gains traction HOLCIM PHILIPPINES, Inc. (HPI) has moved to purchase select assets of Lafarge Republic, Inc. (LRI) as their foreign parent companies are expected to complete a multi-billion dollar merger deal later this month. “The board authorized the company to make an offer for, and should the offer be accepted, to proceed with, the acquisition by the corporation and/or its whollyowned subsidiary Holcim

Mining and Development Corporation of, the following Lafarge group assets in the Philippines,” the local cement maker said in a disclosure to the stock exchange on Friday. HPI’s acquisition consists of LRI’s shares in Lafarge Iligan, Inc. (94.63%), Lafarge Mindanao, Inc. (99.63%), Lafarge Republic Aggregates, Inc. (60%), Quimson Limestones, Inc., Sigma Cee Mining Corp. (60%), and assets/PAGE 10

Crumble McFlurry, made with crushed graham and banana flavor blended in creamy vanilla soft serve. Just like Kevin, Stuart, and Bob, great things come in threes and so do our Minions Combos. So grabyour friends and enjoy the Minions BFF Fries ‘N McFloat Combo (P165) or the Minions BFF Fries‘N McFlurry Combo (P225). Mc D o n a l d’s i s a l s o introducing the Minions Banana McDip, a delicious vanilla soft serve covered in banana-flavored dip on a blue wafer cone—one of the cutest dessert items you’ll ever see and taste for only P15.

Social change programs of Globe lauded at Tambuli Awards GLOBE Telecom was recently recognized at the 2015 UA&P Asia-Pacific Tambuli Awards for being at the forefront of promoting of social good and inspiring genuine change through its programs and projects. The company was among distinguished corporations and entities from eight different countries as it earned multiple citations

under the advocacy category, namely Project Rainbow, Project 1 Phone and Project Greatness. “Receiving the Tambuli awards emphasizes our commitment to our corporate social responsibility thrusts through our various programs which underscore the value of social change positively affecting our publics and various stakeholders. They

will serve as our driving force to implement similar initiatives to benefit the Filipino people,” said Globe Senior Vice President for Corporate Communications Yoly Crisanto. Globe, in close collaboration with ASPAC advertising, received one of the highest accolades with a Gold Tambuli award for the company’s participation in

“Project Rainbow.” To commemorate the first anniversary of Typhoon Haiyan, the telco mounted an exhibit in November 2014 at the Globe Tower to showcase 50 artworks made by Grade 2 students who survived the calamity. Drawing powerful images on optimism with crayons with their ravaged hometown Globe/PAGE 10


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Environment

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MisOr PDRRMC to conduct earthquake orientation, drill By Elaine O. Ratunil

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AGAYAN DE ORO CITY – Provincial Disaster Risk Reduction and Management Council (PDRRMC) is set to conduct an earthquake oriental and drills in schools in Misamis Oriental on July

13-17 and 20-24, 2015. This is in the observance of the 2015 National Disaster C osciousness Month (NDCM). The orientation will involve the participation of the school heads, school

26 students join NDCM inter-high school poster making contest CAGAYAN DE ORO CITY -- Twenty six students from different school districts in Region 10 joined the National Disaster C onsciousness Month Inter High School Poster Making C ontest held at Limketkai Activity Center, 2nd Floor, LKK Mall, Cagayan de Oro City on July 10, 2015. The contest was organized

by the Regional Disaster Risk Reduction and Management Council (RDRRMC) and Office of Civil Defense (OCD). The winner will receive cash prizes and certificates of recognition from the organizers which is one of the highlights of the month long observation. contest/PAGE 10

disaster risk and management (DRRM) coordinator (SDC), Parent-Teacher Association (PTA) president, school DRRM members and supre m e stu d e nt / pupi l government (SSG/SPG). Topics to be discussed include: what to do before, during and after earthquake;

s cho ol w atching te am; c omp o s it i on of s cho ol DRRM committee; materials needed in preparation in times of disaster (bell, first aide kit, fire extinguisher); and school hazard mapping report. According to Cherr y Mae L. Limbaco, Schools

Division Superintendent for Department of Education (DepEd) in Misamis Oriental, select schools will be given priority in the conduct of earthquake drill for the reason that the districts of Lagonglong, Balingasag and Jasaan are under the Cabanglasan Fault

Line. Likewise, Districts of Vi l l anu e nv a , Ta g o l o an and Claveria are under the Tagoloan Fault Line, while the District of Opol is in the Iponan Fault Line and District of Alubijid is the Lanao Fault Line. (EOR/ PIA10, Misamis Oriental)

Gov’t. officials enjoin communicators to develop culture of disaster preparedness By CARLITO C. DAR

BAGUIO CITY -- National government officials enjoined information officers of national government agencies and local government units of Southern Luzon to develop a culture of preparedness in the country in aiming for zero

Unders ecretar y Jan C o Chua, in her message read casualty in times of disaster. by Philippine Information I n t h e o p e n i n g Agency- Cordillera Regional d ay o f t h e S o u t h e r n Director Helen Tibaldo, Luzon C ommunicators’ shared the government’s (SolComNet) conference approach on how to deal at Hotel Elizabeth here, with the effects of climate Presidential Communications change especially in the O p e r a t i o n s O f f i c e utilization of the new media and information technology in developing ef fective disaster preparedness and response strategy as well as in helping disaster survivors. “ Te c h n o l o g y a n d innovation can create crucial opportunities for helping people, but it is the passionate efforts of our communities that can help us make the goal of zero casualty a norm”, Co said. “ Timely information and warnings are critical to saving lives, but a miracle of zero casualty can only be achieved if we inspire a culture of participation and preparedness among our people”, she added. Department of Interior and L o cal Government Undersecretar y Austere Panadero, in presenting DILG’s Operation LISTO, also outlined that as communicators they play an important role in advancing a culture of preparedness in

the country. Panadero pointed out that with climate change, tropical cyclones in the past several years affected almost half of the country’s population and rehabilitation efforts are using almost a third of the country’s annual budget. The government he said has been utilizing technology to e nsu re an e f fe c t ive disaster risk reduction and management plan down to the community level like the Operation “Listo”, which is a unified tool and new protocol that will institutionalize disaster preparedness and response in every community. “ This is where local communicators like you would come in, to simplify the technical information and help effectively bring it in every local community”, Panadero said. The SolComNet conference on July 8-10 focused on the use of IT and other tools on in enhancing disaster preparedness and response. Conference presentations included Smart Ways of communicating disaster prep are dness/resp ons e; The government experience in monitoring, feedback develop/PAGE 11


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First-half auto sales up by more than a fifth THE country’s automotive industry remained robust for the past six months of 2015 as sales grew by 21 percent, according to a joint report of the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Ass o ci at ion (TMA) on Thursday. Auto sales reached 131,465 units in the first half of this year from 108,957 units in the same period last year. This was brought by sustained double-digit growth in monthly sales from January to June. For June alone, auto sales

grew 23 percent to 24,185 units this year from 19,622 units last year. Market leaders for the month of June were Toyota, Mitsubishi, Ford, Isuzu, and Honda. Sales of the passenger car segment posted the highest growth of 30 percent to 52,778 units in the first half from 40,609 units last year. Commercial vehicle sales rose 15 percent to 78,687 units from 68,348 in 2014. Light commercial vehicle (LCV) sales and Asian Utility Vehicle (AUV) also posted a positive growth of 19 percent with unit sales of 51,659 and sales/PAGE 11

Fresh rollback in fuel prices looms MOTORISTS can expect another round of oil price cuts this week. In a statement, Eastern Petroleum C orporation chai r man Fe r nand o L . Martinez said diesel and gasoline prices may drop by more than a peso and more than 50 centavos, respectively. Citing price movements at the end of last Thursday’s trading, Martinez said trading in the world oil market continues to be weak owing to the Greek debt crisis, uncertainty in the Iranian nuclear deal and the bearish

stock market in China. “These geopolitical factors coupled with the oversupply of petroleum products affect world oil prices to slide further, thus pushing local oil prices to go down as well,” Martinez said. Oil firms last week cut gasoline prices by P0.70 a liter, bringing the year-todate increase to P3.24 a liter. Financial markets had been under pressure in recent days owing to a rout in Chinese equities and investor concern over Greece’s debt crisis.

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Toyota PHL eyes Vios for inclusion in CARS Program

T

OYOTA Motor Corp. (TMC) is bullish on taking advantage of the Philippine government’s incentives offered under the Comprehensive Automotive Resurgence Strategy (CARS) Program. “We have big intention to take advantage of this program,” Kyoichi Tanada, TMC chief executive officer for Asia, Middle East, and North Africa Region told reporters at the sidelines of the 1-million sales milestone of Toyota Motor Philippines Corp. (TMPC). Tanada said the company is now studying the details for the new investments in the Philippines to enter the CARS Program which will result in more sourcing of units from the local market. “ We ap p r e c i at e t h e announcement of the C A RS Prog ram by t he government and are confident it will provide the desired stimulus to the automotive industry,” he said. “We are keen to participate and help government to further improve the local automotive industry and contribute to the Philippines economy.” TMPC president Michinobu Sugata said the Vios model has the potential

to apply for the CARS Program. Vios is Toyota’s largest vehicle model produced in the local market with a total of 26,000 units manufactured in 2014. Sugata said TMPC will have to increase production of Vios to at least 33,333 units a year starting in 2016 in order to qualify for the CARS Program. In order to enjoy the fiscal and non-fiscal incentives under the CARS Program, a cumulative volume of at least 200,000 units in a span of six years is required.

“Planned volume, as may be determined by BOI (Board of Investments), but in no case lower than 200,000 vehicles over the model lfe up to a maximum of six years,” read Executive Order No. 182 creating the CARS Program. Sugata said the company is expecting additional investments in the coming years in order to comply with the 50-percent local sourcing of car parts and components, still under the CARS Program. Current localization level of TMPC is at 40 percent, said Sugata.

FOLLOW WRANGLERPH

He s ai d TM P C w i l l undertake a model change for the Vios that will translate to additional investments, but declined to disclose details on the model change. According to Sugata, it required P2-billion worth of investments for Vios’ model change in 2013. President Benigno S. Aquino III has approved the CARS Program on May 29, 2015. Under the program, the government targets to provide an average of P4.5 billion annually or some US$600 million for a period toyota/PAGE 11


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mon-tue|July 13-14, 2015

In Cooperation with:

present

AWARDS NIGHT - JULY 25, 2015 AYALA CENTRIO MALL, Cagayan de Oro City Search for the Most Outstanding Mindanao Business Leaders and Entrepreneur PARTIAL LIST OF NOMINEES in FF: CATEGORIES

Agro- Industry Leader 1. VITARICH Corporation 2.BUKIDNON SUGAR Milling 3.Marsman-Drysdale Agribusiness Holdings 4.LA FRUTERRA 5.Gama Foods Corporation

Multi-purpose Cooperative 1.MASS-SPECC Coop Dev’t Center 2.Oro Integrated Coop 3.Paglaum Multi-purpose Cooperative 4. Coop Bank of Mis.Or. 5.NARCICO-Nabunturan

Mega Entrepreneur

Micro Entrepreneur

1. 1. 2. 3. 4. 5.

1. VJANDEP 2. SHIROGI Pan de Kofi

Emcor Inc. Alcantara & Sons Mindanao Grains Corp. Canoy Group of Companies Jose “Pito” Alvarez Leuterio Coffee Farm

Special Awards for: 1. Tourism Development 2. Tourism Leadership 3. Best Environmental CSR 4. Construction Industry Leader 5. Real Estate Dev’t Leader 6. 5 Outstanding LGU CEED

3. Oro Ham

Hotel Industry 1.N-Hotel 2.Grand Menseng Hotel 3.Marco Hotel 4.Apo View

Food Manufacturing 1. KF Nutri International Inc. 2. Green Gold Gourmet

3. F.S. Dizon & Sons Inc.

4. Darling Foods Corp. 5. SAGREX Corporation

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AArts&Culture rts&Culture

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YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

mon-tue|July 13-14, 2015

Kikay is back!

M

arcelino Agana Jr’s New Yorker in Tondo can be considered as comedy of manners. In 2011, this comedy was deconstructed and updated to its contemporary timelessness and set in Burgos as the locale by The Xavier Stage. At that time New Yorker sa Burgos served as the company’s recital piece for its workshop participants. And it was successful for it did not only garner remarkable audience response but it successfully conveyed its premise on cultural assimilation, culture change and culture shock. On June 17, 2015, The Xavier Stage brings Kikay back on stage as she rediscovers her childhood memories with friends Tony, Totoy

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2014 ppi’S Best in ENVIRONMENTAL Reporting

and Nena, this time with the batch 6 actors of the company. New Yorker sa Burgos – isang slapstick stars Keisha Bagares, Simon Pierre Salera, Ryan Nico Ilogon, Maggie Candia and Maria Veronica Large. New Yorker shows are at 10:00 am, 1:30 pm and 7:30 pm at the XU Little Theater. Admission is Free! New Yorker is presented by Xavier University, Xavier Center for Culture and the Arts , Office of Mission and Ministry, RCF Design Technology, Gil Macaibay III Fashion Studio, Power Play, Del Monte Foundation, Ultra Winds Mountain Resort, Province of Misamis Oriental, ABS CBN, Parasat HD, Clix.com, BusinessWeek Mindanao and Mindanao Daily News.

Angat sa Sining Reloaded

IN celebration of Xavier University’s Org Trip 2015 titled HUGYAW, the Performing Arts Companies (PAC’s) of XU hold a performance series on July 16 to 21, 2015 at the Xavier University Little Theater. The PAC’s are the main beneficiaries of XU through its Xavier Center for Culture and the Arts’ Artistic Excellence Program. Xavier Philharmonia and Xavier University Glee Club present Your Orchestra, Your Music on July 16 at 7:00 pm. The Xavier Stage presents its version of Agana’s New Yorker in Tondo and locates it in Burgos. New Yorker sa Burgos – isang slapstick is slated on July 17, 2015 with shows at 10:00 am, 1:30 pm and 4:30 pm. Xavier University Cultural Dance Troupe presents Pista sa XUCDT featuring folk and rural dances. Pista sa XUCDT is on July 18 at 3:00 pm. Dulaang Atenista presents their signature performance of No Probs, It’s Improv… on July 21, 2015 at 7:00 pm. On July 18 at 7:00 pm, the companies converge to offer a unity performance for the guests and delegates of TIMBAYAYONG MINDULANI 2. MINDULANI is a network of theater and cultural artists and workers in Mindanao. All performances are free admission!


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mon-tue|July 13-14, 2015 Republic of the Philippines REGIONAL TRIAL COURT 12TH Judicial Region, Branch 21 Kapatagan, Lanao del Norte

IN THE MATTER OF ADOPTION OF MINOR CHILD NAMED NEXUS IMAX CASAS, 4 years old, Residing at Bansarvil II, Sultan Naga Dimaporo, Lanao del Norte

SPL. PROC. NO. 21-512

SPS. JERRY L. FERNANDO AND HAZEL L. FERNANDO, Petitioners. - versus THE LOCAL CIVIL REGISTRAR OF ILIGAN CITY Respondent. ------------------------------------/ ORDER Before this Court is a petition for adoption filed by petitioners Sps. Jerry L. Fernando and Hazel L. Fernando on June 25, 2015. The petition alleges, that: “1. That petitioners are husband and wife, 39 and 38 years old respectively, Filipino, and residents of Bansarvil II, Sultan Naga Dimaporo, Lanao del Norte, Philippines and presently working as member of Philippine Army and Public School Teacher respectively, copy of their marriage contract is attached as Annex “A”; 2. That the respondent is a government official mandated by law to have control and custody of all records pertaining to live births and other registrable documents and as such he is being sued in his official capacity whose office address is located at City Hall building, Iligan City where he may be served with summons and other court processes; 3. That petitioners desire to legally adopt as their child, one NEXUS IMAX CASAS, a minor, 4 years of age, born out of wedlock in Iligan City, now residing at Bansarvil II, sultan Naga Dimaporo, Lanao del Norte, Philippines, copy of his birth certificate is attached as Annex “B”; 4. That the biological mother of said minor is not affluent in life, she got pregnant without telling her parents about her pregnancy, jobless and was abandoned by her boyfriend right after the latter learned about her pregnancy; 5. Hence, few days after she gave birth to her child, she decided to surrender and relinguish the parental custody of the child to herein petitioners, copy of parent’s consent is attached and made integral part hereof as Annex “C”; 6. Petitioners are childless despite having been married for about 12 years already and have taken care of said minor since the latter was only few days old, and petitioners have given said minor the attention and love of a true and real parents; 7. That petitioners do not fall under the disqualifications of adoption Order, cont’d. Spl. Proc. No. 21-512 Page 2 x- - - - - - - - - - - - -/ as provided for by law and they are morally fit as well as physically and financially capable of giving the child a bright future, copy of petitioners’ police clearance and medical certificate are attached and made integral part hereof as Annex “D” to “E”; 8. That this adoption will certainly serve the best interests and well-being of the child; 9. Petitioners desire that if and when the instant petition is granted, the child shall be named KENT JAZ L. FERNANDO.” Finding the verified petition to be sufficient in form and substance, the same is hereby set for initial hearing to September 28, 2015 at 8:30 o’clock in the morning at the session halll of this Court, RTC, Branch 21, Kapatagan, Lanao del Norte. Let this order be published before the hearing at least once a week for three (3) consecutive weeks in a newspaper of general circulation in the province of Lanao del Norte at the expense of the petitioners. The Office of the Department of Social Welfare and Development, of the Municipality of Sultan Naga Dimaporo, Lanao del Norte is directed to submit a report relative thereto on or before the scheduled initial date of hearing. Any interested party is hereby directed to come to Court on the hearing of the petition and bring proof why the same should be denied. Furnish copy of this Order to the office of Office of the Department of Social Welfare and Development, Sultan Naga Dimaporo, Lanao del Norte; Department of Social Welfare and Development, Minglanilla, Cebu; the Local Civil Registrar of Iligan City; the Office of the Honorable Solicitor General, Makati City; the Office of the Provincial Prosecutor of Lanao del Norte, the National Statistics Office, East Avenue, Quezon City; the petitioners and the biological mother of “NEXUS IMAX CASAS”. SO ORDERED. Kapatagan, Lanao del Norte, Philippines. July 6, 2015.

(SGD.) ALBERTO P. QUINTO Acting Executive/Presiding Judge

BWM: July 13, 20 & 27, 2015

Hurst... from page 4

another person’s life in you or you don’t. You cannot be just a little pregnant. Neither can you have Jesus living in you only part-time once or twice a week. So today, won’t you ask Jesus to forgive you and take full charge of your heart and lifestyle every day for the rest of your life? Jesus is both to die for and live for. Just Think a Minute…

Assets... from page 5

regulatory approval for the merger expected to close later this month. In February, CRH was granted the right to acquire 88.85% of LRI, subject to certain requirements, including the completion of the global merger between Holcim and Lafarge. Once the Holcim-Lafarge merger is completed, CRH will take over LRI’s cement manufacturing plants in Norzagaray, Bulacan; Taysan, Batangas; Teresa, Rizal; and Danao, Cebu.

Globe...

APC Properties, Inc. (36%). These companies are from page 5 engaged in the business as subject, their art pieces o f m a nu f a c t u r i n g a n d were exhibited and sold as dist r ibut ion of cement donations. Guests from all products, as well as other around the world showed building materials, according their support by purchasing and bringing home the said to LRI’s regulatory filing. HPI is also taking over masterpieces. Star Terminal assets located The Project Rainbow at the Harbour Centre in exhibit generate d clos e Manila, and certain parcels to P 500,000 in sales and of land as identified by the donat ions f rom t he ar t works, and another P parties. “ T h e of fe r s h a l l b e 200,000 for merchandising. consistent with the conditions Proceeds of the exhibit approved by the board based went to art workshops held on management’s study on in Tacloban to help bring potential synergies in terms joy to the young survivors. of strategic fit of the assets Merchandising materials to be acquired with current were also created to help operations and the results of amplify the awareness for the financial, tax, technical the project. and legal due diligence Project proponents also undertaken on said assets,” partnered with other groups in Tacloban to help children HPI said. The review of the business recover their courage after combination started a year w e at h e r i n g on e of t h e ago after Swiss giant Holcim world’s strongest storms. Ltd. revealed in April 2014 T h e c a m p a i g n a l s o an all-share deal to acquire generated excellent traction France’s Lafarge SA that online and its message of would create the world’s positivity were picked up by traditional media as largest cement company. Holcim and Lafarge sealed well. last May a binding agreement Project 1 Phone, the with Irish building materials largest and most ambitious company CRH Plc. for the sale mobile recycling program of some of their businesses in the Philippines, also won in the Philippines, Europe, for Globe a Silver Tambuli CANADA, and Brazil as part award. of moves to bag antitrust A s t h e c o m p a n y ’s

response to wanton and irresponsible disposal of phones, batteries and other var ious e-wastes, the campaign aims to create awareness on proper e-waste disposal and to promote sustainability. Providing donation bins in various Globe stores around the country for old, non-working and unwanted phones and gadgets made it easy for customers and stakeholders to participate in the program. Proceeds from Project 1 Phone will be added to build 40 school buildings in Aklan as par t of the committed of Globe to erect more similar structures in the area. G l o b e a l s o re c e i v e d a Bron z e aw ard for it s “ P r o j e c t G r e at n e s s ,” a campaign geared toward t h e re i nv e nt i on of t h e traditional concept of greatness for the Filipino Youth. T he pl at for m of t he campaign is the “10 Stories of Gre at ne ss” You Tub e video that aims to empower the youth to make their own mark in society and change their common concept of “greatness.” The video featured several prominent youth icons such as actress Bianca Gonzales-Intal, radio personality and YouTube sensation Mikey Bustos, and international battle rapper Protege. To date, the video has garnered over 1 million v i e w s an d ove r 2 5 , 0 0 0 m e n t i o n s i n Tw i t t e r via its of f icial hashtag, #DefyExpectations. Aside from its views and reach, the “10 Stories of Greatness” video also elicite d a 97% p osit ive

sentiment reception on its YouTube page. In addition, the comments section was also filled with comments lauding the pro duction value of the video and how inspiring its message was. Honoring brands that deliver results and promote the social good, t he UA &P Asi a- Paci f i c Tambuli Awards is inspired by the university’s vision to develop whole-person leaders who take initiative in the benefit of individuals, communities and the greater good. Globe Telecom is the only telecommunications company that was given recognition in the said awards serving as catalyst for positive social change.

Contest... from page 6

The winners will be a n n o u n c e o n Ju l y 3 1 , 2015, during the NDCM culmination ceremonies. RDRRMC chairperson and OCD Regional Director Ana C. Caneda said that they organized the competition to provide the youth a venue wherein they can express and share their ideas and talents on how to help people and the communities and to reduce the risks from natural calamities and other disasters as well as how to make communities safe and resilient. The competition focused on the theme of this year’s obser vance, “Pamilya at Pamayanang Handa, Katuwang sa Pag-unlad ng Bansa.” The event was assisted by Department of Education (DepEd) 10 and Philippine Information Agency (PIA) 10. (Titus Velez/OCD-10)

Mindanao Education Summit centered on gathering support for DepEd programs By Marissa U. Bahala Master Teacher I Balulang Elementary School

Recently, Cagayan de Oro City hosted a Mindanao Education Summit that g at h e re d p ar t i c ip ant s coming from different key areas in Mindanao Island. The event was participated by educators, stakeholders, partners, and regional directors of different national agencies. It was also graced by Department of Education chief, Secretar y Armin Luistro. The summit aime d to gather support for the K to 12 Basic Education Program, and stress the need of having everyone’s hands on Senior High School which full implementation is set for next year, 2016. Senior High School is a component of K to 12 that offers specialization programs like Academic, Sports and the Arts, where students could choose

from. The education summit also intend to seek help coming from the participants towards successful implementation of various DepEd programs. In a speech given by Secretary Armin Luistro, there is a need to call everyone’s effort so that Education in the Philippines will continue to uplift. Participants including private companies and individuals are challenged to help by schrutinizing their areas regarding the existence of street children and out-of-school youth and adults and encourage them to go back to learning. E n c o u r a g i n g appreciation of learning among indifferent individuals does not just depends on the shoulder of DepEd; it is of everybody’s concern.


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Supply...

S&R...

pointed out, with the two others in Bukidnon, undertaken by Aboitiz Power Corp. (AboitizPower) subsidiary Hedcor, Inc., also recently starting construction. Mr. Montenegro, in an interview with BusinessWeek Mindanao, said the Euro Power project, scheduled for completion in three years, is part of the 290 renewable energy applications that were submitted to the One Stop Facilitation and Monitoring Center set up by MinDA with the Department of Energy (DoE) and the and the United States Agency for International Development. DoE has granted 21 hydropower service contracts to Euro Power for the development of eight projects involving 18 rivers around the country. The company has also paid the processing fees for 59 other potential projects with a combined output of 273 MW. It also has applications under evaluation for 48 sites that could generate an additional 219 MW. Of the proposed projects, Euro Power has conducted detailed feasibility studies and engineering design for eight: the 4-MW Ruparan MHEP in Digos City, Davao del Sur; the 0.6-MW Marbel MHEP in Koronadal City, South Cotabato; the 4.73-MW Sawanga project in Bukidnon; the 17.8-MW Bayug project in Iligan City; the 9-MW Lake Sebu project in South Cotabato; the 2.8-MW Alamada project in North Cotabato; the 3.6-MW Titunod project in Lanao del Norte; and the 5.7-MW Polandoc project in Zamboanga del Norte. To ensure the completion of approved renewable energy projects, said Mr. Montenegro, the DoE is implementing a “use it or lose it” policy in which companies are required to submit a substantive development report every year until operation. BALANCED MIX MinDA is aiming to attain a balanced power mix in Mindanao by 2030 with the completion of renewable energy facilities alongside under-construction fossil-fuel plants that are expected to start operating within the next three years. “We need to balance our power mix because of the environmental impact,” said Mr. Montenegro said. To achieve the 2030 target, Mr. Montenegro said the construction of renewable energy projects must start by 2025 at the latest. At present, the power mix in Mindanao is 60-40 in favor of hydroenergy as the main sources are the two government-run hydroelectric complexes in Lanao del Sur and Bukidnon. However, within the next three years, the southern island’s power source will be tilted in favor of fossil fuels at 70-30 with the opening of several new plants, starting this year with the first 150-MW unit of the 645-MW coal-fired plant of Therma South, Inc., an AboitizPower subsidiary. Other companies with ongoing coal-fired projects are: the Alcantara group’s Sarangani Energy Corp. in Sarangani (210 MW), San Miguel Global Power Holdings, Inc. in Davao del Sur (900 MW), the Ayala-led GNPower Kauswagan Ltd. Co. in Lanao del Norte (540 MW), and the Gotianun-led FDC Misamis Power Corp. in Misamis Oriental (405 MW). Aside from these coal-fired plants, other companies have also recently built diesel-fired power plants, among them the 20-MW facility of Peakpower Energy, Inc. in General Santos City. Some electric distribution cooperatives have also embedded modular generation sets to help sustain the power supply when the main grid malfunctions.

“Daghan opportunities that lie ahead of us. Let me repeat, daghang kahigayonan nagpaabot kanato… S&R will hold its groundbreaking in August somewhere in Bulua,” Moreno said. S&R Cagayan de Oro will be the company’s second branch in Mindanao. The first and biggest in the country in terms of size is in Matina, Davao, which opened in May 2013. All its branches in the Philippines — Bonifacio Global City in Taguig, Congressional in Quezon City, Alabang in Muntinlupa City, Aseana in Baclaran, Cebu, and Pampanga — were built according to US standards. This is in accordance to its core concept of delivering world-class merchandize, great value offers, specialty services and exciting membership privileges. S&R offers high quality products on local and international brand names that guarantee satisfaction, unmatched savings and value for membership. There are two ways to become a member, through business membership, which is open to owner or manager of licensed business, and the gold membership, which can be availed by individuals aged 18 years and above. Each member has the following benefits and perks: first picks of imported name-brand merchandise; exclusive deals and discounts; unmatched everyday savings; access to specialty services; shopping privileges at all S&R branches. S&R offers a wide array of local and imported merchandise, such as baked goods, grocery items, wellness and beauty products, home furnishings, and tire services exclusive to members. S&R boasts of its “Everyday Fresh Section” that carries local and imported fresh chilled meat products, such as Australian and New Zealand beef, local pork and poultry that are sourced from only one accredited supplier to prevent cross contamination which usually happens when dealing with multiple suppliers. This section also offers fruits and vegetables that are garden-fresh quality produce

from page 1

from page 1

AFFIDAVIT OF SELFADJUDICATION OF THE ESTATE OF ADELFA A. HORCA Notice is hereby given that the intestate estate of the late ADELFA ABAO HORCA, who died without any last will and testament of November 9, 2014 in Cagayan de Oro City; She Left a parcel of land located at Bugo, Cagayan de Oro City and more particularly described as follows: Transfer Certificate of Title No. T-203579, Lot 4, Block –7, Psd-104305-019052, Being a portion of Lot 1, Pcs10-000647, As surveyed for Zone 3, Bugo Homeowners Association, Land Use Residential, Registered owner Zone 3, Bugo Homeowners Organization . Containing an area of EIGHTY FIVE (85) sq. m. more or less, The Affiant QUERUDEL A. HORCA, of legal age, Filipino, married, and a resident of Zone 3, Bugo, Cagayan de Oro City, is the subject of AFFIDAVIT OF SELF- ADJUDICATION OF THE ESTATE OF ADELFA A. HORCA under the notary public of Atty. MARIO T. JUNI , As per Doc. No. 153; Page No.31 ;Book No. 188; Series of 2015. BWM: July 13, 20 & 27, 2015

delivered daily from the country’s premier growing regions. Its “Food Service Station” also offers piping hot New York style pizzas, calzones, churros, hotdogs, cheeseburgers, blue bunny ice creams, clam chowder, rotisserie chicken rice and even coffee, among others.

Agutayan... from page 1

Commission on Sports Scuba Diving. Visiting Commission executive director Karen A. Chan said that her agency is willing to conduct exploratory assessments to scout the feasibility of declaring the waters surrounding Agutayan as a diving spot sanctioned by the tourism department. An attached agency to the Department of Tourism (DOT), the less known Presidential Commission on Sports Scuba Diving has existed since the Marcos era to promote the country as a premier diving area in Asia through undertaking of studies, researches and surveys. Chan was optimistic after hearing that thresher sharks and two species of rays previously endemic only in Cebu waters were discovered by divers off Agutayan in recent months. “We will wait for a proposal or an intent from the provincial government and the DOT regional office here on the matter,” Chan said, even as she disclosed that the PCSSD has been slowly lobbying

for the Surigao provinces to be declared a new diving spot. She said that through the efforts of the Commission, a new so-called tourism road has been constructed in the area to fast track the ferrying of tourists to and from a new developing diving spot in Surigao del Norte. The area is currently known as a surfing destination. For now, the only diving destinations recommended by PCSSD are located in Camiguin, Davao and Tawi-tawi. Crescent moon in shape and uninhabited, Agutayan Island has 5,000 square kilometers of white sand that sits on a three-hectare marine sanctuary serving as breeding ground of endangered giant clams which were seeded there by the local government. A week ago, Governor Yevgeny Vincente B. Emano revealed a plan to develop Jasaan into a comprehensive tourism destination where tourists go to Agutayan in the early morning, drop by a local fish port to buy fresh catch and grill these catch at any of the freshwater or beach resorts ahead.

Bonus... from page 2

length of service may still be paid the full amount of the PEI upon completion of the four months and satisfactory service rating requirements before the end of 2015. Meanwhile, employees hired

after May 31, 2015 may be paid the full amount of the PEI only upon completion of the four months and satisfactory service rating requirements before the end of 2015. Consultants and experts hired to perform specific services with expected outputs and individuals engaged in job orders, or contracts for specific services are not entitled to such incentive. The grant of PEI is a move of the national government to promote higher productivity among public servants. (BPI/APB/ PIA-10)

Develop... from page 6

and coordination before, during and after disasters; Humanitarian experience on community response map and other tools to collect and disseminate information before and after emergency/disaster and updates on major PIA advocacies regarding climate change and d is a s te r p r e p a r e d n e s s a n d response. (JDP/CCD with Jheng Alap – PIA CAR/UP Intern)

Toyota...

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2014 ppi’S Best in ENVIRONMENTAL Reporting

panels, bumpers, instrument panels, head lamps, shock absorbers, plastic fuel tanks, and automotive fabric, among others. The BOI is crafting the implementing rules and regulations (IRR) for the CARS Program.

Sales... from page 7

6.0 percent with unit sales of 23,223, respectively. Likewise, sales of trucks in all segments, including light trucks, trucks and buses categories IV and V grew from 21 percent to 96 percent. “Our automotive industry is riding with the other industries’ growth,” CAMPI president Rommel Gutierrez said. “Micro, small and medium enterprises (MSMEs) and SMEs are expanding which made for the robust demand for AUVs and SUVs and LCVs,” Gutierrez said. With the positive sales result in the first semester of the year, the industry can achieve its target sales for the full year of 2015 at 310,000 units, he said.

from page 7

of six years to support three vehicle models. Aside from increasing the number of locally manufactured cars, the EO also aims to attract investments in manufacturing car parts that are unavailable in the local market such as large car body

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region Branch 28 Mambajao, Camiguin

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region Branch 28 Mambajao, Camiguin

OFFICE OF THE SHERIFF

OFFICE OF THE SHERIFF

NOTICE OF EXTRA JUDICIAL SALE Extra-Judicial Foreclosure No. 05-2015

NOTICE OF EXTRA JUDICIAL SALE Extra-Judicial Foreclosure No. 01-2015

Upon Extra-Judicial Petition for sale under act 3135 as amended, filed by Bangko Sentral ng Pilipinas, with office address at BSP Building, A. Mabini corner P. Ocampo Sts., Malate, Manila hereinafter referred to as Applicant/Assignee, against BERNARDITA C. BADILLA and CAMIGUIN COOPERATIVE RURAL BANK INC., referred to as Mortgagor/Assignor respectively, with residence address at Bugang, Sagay, Camiguin to satisfy the Mortgage indebtedness which now amounts to SEVENTY SEVEN THOUSAND NINE HUNDRED NINETY TWO PESOS AND 89/100 (Php 77,992.89) Philippine Currency excluding unbooked interest and liquidated damages as of 28 November 2014, the undersigned or his duly authorized deputy will sell at public auction on JULY 31, 2015 at 10:00 o’clock in the morning or soon thereafter at the main entrance of the Camiguin HALL OF JUSTICE, Mambajao, Camiguin to the highest bidder, for cash and in Philippine Currency , the following properties to with:

Upon Extra-Judicial Petition for sale under act 3135 as amended, filed by Bangko Sentral ng Pilipinas, with office address at BSP Building, A. Mabini corner P. Ocampo Sts., Malate, Manila hereinafter referred to as Applicant/Assignee, against ALLEN D. BONITA and CAMIGUIN COOPERATIVE RURAL BANK INC., referred to as Mortgagor/Assignor respectively, with residence address at Bugang, Sagay, Camiguin to satisfy the Mortgage indebtedness which now amounts to TWO HUNDRED FORTY EIGHT THOUSAND ONE HUNDRED TWENTY PESOS AND 83/100 (Php 248,120.83) Philippine Currency excluding unbooked interest and liquidated damages as of 28 November 2014, the undersigned or his duly authorized deputy will sell at public auction on JULY 31, 2015 at 10:00 o’clock in the morning or soon thereafter at the main entrance of the Camiguin HALL OF JUSTICE, Mambajao, Camiguin to the highest bidder, for cash and in Philippine Currency , the following properties to with:

TRANSFER CERTIFICATE OF TITLE/CLOA NO. 2369

TAX DECLARATION NO. 11175

“ A parcel of Lutao, San Roque, Mahinog, Camiguin bearing Tax Declaration No. 07798, Under TCT/ CLOA No. 2369 declared in the name of CARLOS CO and BERNARDITA C. BADILLA , containing an area 1,758 square meters, assessed at Php. 11,680.00 which property is more particularly bounded and described as follows : North – Lot No. 1218011 Fedencio Villamil , South – Lot No. 1220-012 Nicanor Gallardo, West – Canal and on East – by Lot – 1224-005 Jose Palarca.”

“ A parcel of coconut land with all the improvements found thereon located at Guinsangol, Tangaro , Catarman, Camiguin bearing Tax Declaration No. 11175 declared in the name of Agustin Abutanmo containing an area 12,000 square meters, assessed at Php. 9,878.40 which property is more particularly bounded and described as follows : North – Lot No. 5397 and 5643 , South – Lot No. 5387, West – Lot No. 5391 and 5393 and on East – by Tangaro Creek.”

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

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

In the event that the public auction 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.

In the event that the public auction 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 may investigate for themselves the titles herein above described and encumbrances thereon, if any there be.

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

Mambajao, Camiguin this 29th day of May 2015.

(Sgd) TEOFILO G. SABUGA, JR. Sheriff IV

BWM: July 6, 13 & 20, 2015

Mambajao, Camiguin this 29th day of May 2015.

(Sgd) TEOFILO G. SABUGA, JR. Sheriff IV

BWM: July 6, 13 & 20, 2015


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mon-tue|July 13-14, 2015

BusinessWeek Mindanao (July 13-14, 2015)  

BusinessWeek Mindanao (July 13-14, 2015)

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