BusinessWeek MINDANAO CREDIBLE
Volume VIII, No. 16
Market Indicators As of 6:00 pm july 13, 2017 (thursday)
FOREX
PHISIX
US$1 = P50.481
7,936.85
X Briefly
9.8
1.5
cents
points
X
Trade mission DAVAO City -- The Davao City Chamber of Commerce and Industry Inc., the Mindanao Development Authority (Minda) and the Department of Trade and Industry (DTI) have set a trade mission to Manado, Indonesia next month to further boost the DavaoGeneral Santos-Bitung RollOn Roll-Off sea linkage. Minda assistant secretary Romeo Montenegro said the trade mission is part of efforts to finalize arrangement with the Indonesian counterpart for trade activities to support the Davao-General SantosBitung RoRo route which was launched in April by President Rodrigo Duterte and Indonesian President Joko Widodo. “What happened after the launch was the commodities for the front load had not been consolidated yet and they do not have the complete volume coming from Mindanao up to North Sulawesi,” he said.
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Davao’s airport eyed as hub for int’l flights www.businessweekmindanao.com
DELAYS in the improvement of Davao City’s Sasa port are expected to temper the rapid growth of Mindanao’s trade and industry hub, according to the Finance department. “It wouldn’t derail it but it will certainly slow it down,” Finance Secretary Carlos G. Dominguez III told reporters late last week at the Department of Finance headquarters. Mr. Dominguez, who is from Davao City, said that Davao has been growing rapidly, following the DavaoGeneral Santos-Bitung (Indonesia) roll-on roll-off cargo service that was inaugurated by President Rodrigo R. Duterte and Indonesian President Joko Widodo in late April.
Thu-Fri | July 13-14, 2017
P15.00
By ANTONIO L. COLINA IV, MindaNews
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AVAO City — Davao City Chamber of Commerce and Industry Inc. (DCCCI) trustee Arturo Milan has asked airline companies to make the Davao International Airport, also known as the F. Bangoy International Aiport, the hub for international flights in Mindanao to decongest traffic at the Ninoy Aquino International Airport (NAIA).
PLANTING SEASON. A farmer works on his ricefield using a mud-boat while his son looks on at the village of Tagapua, San Francsico town in Agusan del Sur. photo by jun ayensa
Milan told a press briefing Friday that NAIA must be devolved of some international flights and distribute these to provincial airports like Cebu and Davao because the congestion in the airport in Manila results in flight delays, causing discomfort to passengers. He said it is not practical to place all international flights in NAIA when some destinations are closer to Davao City than Manila, like Australia, Palau, and other member countries of the Association of Southeast Asian Nations (ASEAN). airport/PAGE 11
AS PART OF REHAB EFFORTS
Minda forges deal with NCCA, MSU to institutionalize cultural exchanges By MARK FRANCISCO, Staff Writer
Derailing growth
IN-DEPTH
AS part of rehabilitating battle-drained Marawi City, three government institutions are already exploring ways in integrating inter-culture education in the academic curriculum among junior high students there.
Mindanao Development Authority (Minda) Northern Mindanao overseer Lordilie Enjambre said that last week, the agency had inked a memorandum of u n d e r s t a n d i n g ( M OU ) with the Mindanao State
DOH-10: No sabotage in diarrhea outbreak By JIGGER JERUSALEM, PNA
HEALTH authorities have dispelled allegation that the recent diarrhea outbreak in Medina town in Misamis Oriental town was an act of sabotage perpetrated by the town’s own water utility company. If there was intent to deliberately contaminate Medina’s water source, all of the residents in the municipality would have been afflicted by diarrhea, said Dr. David Mendoza, chief of the Epidemiology, Surveillance and Disaster Response Unit of the Department of Health in Northern outbreak/PAGE 11
University (MSU) outlining guidelines in the conduct of cultural tours for Maranao students outside the confines of Lanao del Sur. “The purpose of this initiative is to create cultural tolerance so that our Maranao brethren will experience deal/PAGE 11
ANOTHER COAL PLANT. The coal-fired power plant in Barangays Libertad and Tacub in Kauswagan town, Lanao del Norte is targeted to start operations this year with a capacity of 540 megawatts. It is run by GNPower Kauswagan. mindanews photo by h. marcos c. mordeno
Big Picture from Cagayan de Oro Seaport:
Finding solutions beyond infras for present and future (Second of a Series)
By MIKE BAÑOS, Editor-at- Large
Holistic Solutions THE Macabalan Port management team strategized three solutions to address its urgent and long term problems. First, the team prop o s e d “p e opl e solutions” by getting all
stakeholders to buy into a long term vision for the port the way they liked it to be. Butaslac met with the Philippine Liners Shipping Association (PLSA) to discuss their problems and crafted a long-term infrastructure solutions/PAGE 9
Panoramic aerial view of Cagayan de Oro Macabalan Port.
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Economy 2 farmers undergo Richness of Mindanao Culture to be CDO training on selected showcased at 1st Budayaw Festival vegie agribusiness T
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HE rich cu lture, heritage and artistry of Mindanao and Palawan will be in the spotlight as the Philippines will host the first-ever Bu d ay aw : T h e B I M PEAGA Festival of Culture and the Arts, from 20 to 24 September 2017, in General Santos City. A collaboration among d i f fe re nt agencies and institutions including the National Commission for Culture and the Arts (NCCA), Mindanao Development Authority, Department of Tourism Region XII, the city government of General S anto s , t h e prov i n c i a l government of Sarangani,
and Autonomous Region in Muslim Mindanao, Budayaw will showcase the diversity of creative expressions of cultural masters and artists in the Brunei DarussalamIndonesia-MalaysiaPhilippines E ast Asean Growth Area (BIMP-EAGA) as well as raise awareness and foster appreciation on the landscapes, life-scapes and aspirations of peoples of the region. The festival will feature different lectures, workshops, performances, shows, exhibit and other activities and events, which will foster understanding and solidarity among the multi-cultural populations of the BIMP-
EAGA. During the f ive-day festival, visitors can view iconic landscapes and cultural markers of the BIMP-EAGA in an interactive exhibit, which will be accompanied by lectures and fora to discuss the tensions of tradition and modernity embedded in the images. A specially designed pavilion will be put up, serving as the shared domain of invited master weavers, who will show visitors how context shapes mastery of techniques over our natural resources. Vi s i t o r s w i l l a l s o experience the beauty of indigenous musics with
performances using native musical instruments such as gongs, bamboo instruments, lutes and plucked-string instruments. Moreover, they can witness performing groups showcase the best of contemporary theatre, dance and music highlighting the threats and triumphs of communities on the road to peace, development, and resilience. Visual artists will display outdoor installations as well as other works. To make the Budayaw experience more immersive, there will be special tour budayaw/PAGE 11
AROUND 30 farmers from Cagayan de Oro city graduated from the seasonlong training on selected vegetables agribusiness held on 7 July 2017. The season-long training ran from March to July 2017 and was spearheaded by the Australian Center for International Agricultural Res earch (ACIAR) and the Landcare Foundation Philippines, in partnership w i t h No r m i n Ve g g i e s Marketing Cooperative, the Local Government Unit (LGU) of Cagayan de Oro City, and private stakeholders a n d s upp or t e d by t h e
Department of Agriculture – Regional Field Office 10 (DA-RFO 10). With the theme, “Ang panguma isip usa ka negosyo, makauswag sa kinabuhi (farming as a business could improve life condition),” the training was participated by the members of the Canitoan Fa r m e r s Mu l t i p u r p o s e Cooperative (CAFAMCO) and the Pagatpat Cagayan de Oro Farmers Association Incorporated (PACAFAI), in which they were taught on land preparation, soil sampling, and strategies on planting vegetables such as training/PAGE 11
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Nutrition Month 2017 To celebrate the Nutrition Month 2017, the National Nutrition Council (NNC)-10 graces the Talakayan sa PIA, a media forum, along with the Department of Social Welfare and Development (DSWD)-10, Department of Education (DepEd)-10, Nutritionist-Dietitians’ Association of the Philippines and Northern Mindanao Medical Center (NMMC) on July 12 at Dynasty Court Hotel. This year’s theme, “Healthy Diet Gawing Habit for Life,” focuses on helping the public distinguish between healthy and unhealthy foods for better food choices.(RTP/PIA10)
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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Opinion
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Be a Possessor of Grace, Not a Professor (Part 2) the ripple
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The Very Best Think a minute…What’s the difference between the best and second best? Between average and excellent? The difference between a good sports team and a great one? It’s the hard work, training and discipline. You can only get out of something what you put into it. “The enemy of the best is second best.” Successful people sweat the small stuff and work hard at the details. That’s what makes them successful. But many of us just can’t be bothered to do our very best work. We look for shortcuts and the easier way to do things. Our problem is we just want to “get by” with work that is acceptable, but not work that is our very best. There’s a story about a builder who went on a trip overseas, so he put his manager in charge of building a new house. He told his manager to use only the best materials and not to take any shortcuts to save money or time. The boss wanted this new house to be excellent and the very best. After the boss left, however, his manager did not follow those instructions. Instead he cheated and kept his boss’ money for himself. He used the cheapest, junk building materials. He did everything
think a minute
jhan tiafau hurst the cheap, easy way, thinking his boss would never know. After his boss returned and saw the new house, he told his manager: “Only you and your family deserve to live in this beautiful house. I’m giving this house to you! It’s your new home!” So how about you? Are you doing your very best in life? At your job? At home? At school? Are you working hard to be the best father and husband you can be? Are you trying to be the best mother and wife you can be? Remember, God gave us His very best: His one and only Son, Jesus Christ. So He hopes that we will give back to Him our very best—not just our second best. Does he deserve anything less? After all, He created you to enjoy His very best. So why not ask Jesus hurst/PAGE 11
amBongay “Instead, speaking the truth in love, we will grow to become in every respect the mature body of him who is head, that is Christ.” Ephesians 4:15 Here’s the scenario. You’ve got something sticking out of your nose and you’ve got no idea. You happen to be in a meeting when it makes an appearance in front of everyone, blowing out and back in every time
you breath. Now, there are two people in the meeting. One who seemed polite, but amused. This person says nothing although aware, once in a while stealing glances with the next person. Then here is the other one who is annoyingly outspoken who points out there is in fact something sticking out of your nose. Which person would you rather commend? The one who stayed silent, but undoubtedly made fun of your circumstance? Or the infuriating loudmouth who was honest enough to let you know? Wouldn’t you rather have the bitter pill than the sugarcoated candy? This is knowing that a pill will have alleviating effects than a candy would very well give you diabetes. This situation is a very good allegory for us
in any kind of relationship. Isn’t that we speak honestly to the ones we love? Knowing full well that it will be for their own good. This is even more so for our relationship as Christians vowing to be involved in CHRIST’s church. S o, we decide to be possessors and not merely professors of grace. Again, grace does not give us the license to sin. Grace has freed us from sin. Sin is no longer part of the scenario. That is why we need a full-on litany if we fall out of grace, to remind us that Christ is in us. This is for us to participate even better in Christ’s church. We cannot be one body when the other parts are falling apart. An arm cannot catch a ball if the fingers won’t cooperate, right? Then do we act like children, no babies, when
our family in the church of Christ tell us on? Of course not. We are mature Christians living in grace. What this means is that when our fellow Christian, brother or sister in the church reproaches us – they are reminding us that we are possessors! Looking back in the old church, Paul himself, the apostle of grace heavily reprimanded the members of the different churches. Heavily. With heavy words. But he did this out of his love, like Jesus, to remind them that like Christ, they are possessors. Today, it is a comfort to know that someone would, out of love, call our attention and tell us that there is something sticking out of our nose. This is an excerpt from a preaching by Ptr. Ronnel Bayron
Many ways of understanding Duterte’s words Kakampi mo ang batas
Batas Mauricio LIFE’S INSPIRATIONS: “… Words from the mouth of the wise are gracious, but fools are consumed by their own lips…” (Eclessiastes 10:12, the Holy Bible). -ooo M A N Y WAY S O F U N D E R S TA N D I N G D U T E R T E ’ S WO R D S : Indeed, there are many ways of killing a cat, in a manner of speaking. This is not to say, of course, that we should find the many ways of killing a cat. It simply means that there are a thousand and one ways of doing one particular act, or of viewing a particular situation, or of voicing out a particular idea, and so forth and so on. Which is the same thing to do, when we try to discern the meaning of the statements
given out by President Duterte regularly. We can view those statements as truly serious and needing important consideration, or we can also treat them simply as a way of expressing things or of pulling the attention of one’s hearers, to prevent more harm from happening. Let me use the example of a Davao City Christian preacher who said that, in Filipino, many parents often tell their juvenile children who are suffering from fever or injuries because of too much exposure in the sun or too much exertion in some physical activity that is seen as useless activity, “go ahead, play under the sun some more”, or, “go ahead, stretch your body all the more.” -ooo WHEN ONE’S MEANING IS TOTALLY DIFFERENT FROM HOW HE SAID IT: When a Filipino parent say those things to their children, they do not actually mean that the children should really expose themselves to the heat sun more often, or exert their bodies until they are physically bruised. No, they do not mean that, of course. What they truly mean is
the exact opposite of what their words seem to convey--which is, for the children to be more careful and avoid exposing themselves under the heat of the sun, or avoid physical activities that would hurt their muscles and make their bodies sore. This, to me, is the way to appropriately discern President Duterte’s oftthe-cuff remarks, like his claim that he didn’t want any corruption in his presidency because when he was mayor of Davao City he already stole much government money but that he had spent all of them by now. We should be able to see the parental twist in his statements to truly understand what he means. -ooo CRITICS ARE ALSO SUBJECT OF A C C U S AT I O N S OF CORRUPTION: Unfortunately, this does not seem to be understood in this manner by the many critics of President Duterte, Sen. Antonio Trillanes IV in particular. The impression these critics give, when they criticize the President with his off-tangent remarks is that, they are not disposed to recognize in any way the
possibility that Duterte may actually be talking in jest or in riddles. It wou l d have b e e n alright if the critics are not themselves the subject of accusations of corruption and wrongdoing. The problem is that, even a mere haphazard search through Google will already yield juicy bits of voluminous information about what a particular critic received as bribe or as grease money, at one time or another. For example, in a Facebook post of Agriculture Secretary Manny Pinol, it was alleged that Trillanes received money from Ilocos Norte Governor Imee Marcos and from Sen. Jinggy Estrada, and was involved in other “transactions” with other big-time politicians. Truly, this can only make me puke! -ooo WATCH “ANG TANGING DAAN” AT FACEBOOK: “Ang Tanging Daan”, is a Bible exposition and prayer session for everyone, in English and Filipino, 24/7, worldwide, at w w w. f a c e b o o k . c om / angtangingdaan. Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.
Subjective candor, objective truth hints and traces
On these occasions, I needed to pause for a while before slowly explaining to them that while acting on the basis of their feelings and understanding of things certainly have some value, it is not enough. In fact, it can be very wrong. To act on subjective candor alone does not automatically translate into getting into the roy cimagala objective truth. And that’s simply because truth and Many times in the course of goodness and everything talking with people, I hear that flows from them can the rationalizing expression only come from God, not that at least they were true to from us. themselves, to their feelings Of course, in explaining and understanding of things this delicate topic, I make even if what they did was sure that the culpability of actually not good. one’s mistakes depends on the
degree of responsibility one has with respect to knowing the objective truth that can only come from God. There are those whose capacity to know the truth in God is so compromised that they could not be guilty of the wrong they did. This is the case of those with invincibly erroneous conscience. A l l t h i s d i st i n c t i on between subjective candor and obj e c t ive t r ut h is somehow treated in the gospel of St. John (14,15-21), where we read that Christ promised to send us the Spirit of truth, the Paraclete or Advocate, who will always be with us as long as we love God, that is to say, as long as we follow
God’s commandments, which is what loving actually entails. In that gospel, Christ reassured us that he would never leave us orphans. He will always be with us and would even manifest himself to us in the Spirit, as long as we love him by following his commandments. This is a piece of Good News that we need to spread around more widely, because many people are of the belief that especially in matters of opinions, like in business and politics, they do not need to refer themselves and things in general to God. For them, it would just be enough if what they think, cimagala/PAGE 11
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CorporateWorld
Ford Philippines says June sales up 17%
R
ETAIL SALES of Ford vehicles in the Philippines rose 17% in June, the US automaker said on Tuesday. In a statement, Ford Philippines said sales surged by an annual 17% to 3,273 vehicles in June, driven by robust demand for Everest, EcoSport and Ranger models. The June performance helped Ford Philippines reach a record quarterly performance, with retail sales of 8,922 vehicles during the April to June period.
“The wide popularity and strong appeal of the Everest, EcoSport and Ranger are continuing to drive our sales momentum this year,” Lance Mosley, managing director of Ford Philippines, was quoted as saying in a statement. Ford Philippines said sales of the Everest sports utility vehicle (SUV) jumped 8% to 1,139 vehicles in June, bringing total year-to-date sales to 5,768 vehicles. On the other hand, the EcoSport compact SUV recorded a 15% rise in sales
to 984 units in June. This pushed year-to-date EcoSport sales 20% higher to 5,225 vehicles. Also in June, sales of the
Ranger pickup truck surged 40% to 880 vehicles, lifting year-to-date sales up 16% to 4,596 vehicles. The company’s North
American-built models also saw strong demand. Sales of the Explorer SUV increased 57% to 137 units in June, pushing second quarter sales
47% higher to 353 vehicles. The Mustang sports car saw sales of 69 vehicles in June, bringing quarterly sales to 124 vehicles.
DOF studying Mighty Corp.’s settlement offer PHINMA Energy to hike S E C R E TA RY C a r l o s Dominguez III said the Department of Finance (DOF) is now studying the offer of Mighty Corporation to settle its tax liabilities by July 20 for P25 billion, covering the deficiency excise taxes and internal revenue taxes of the company and its shareholders. Dominguez pointed out, however, that the settlement offer of Mighty Corp. for its tax deficiencies is separate from the criminal charges that might be filed in court by the Bureau of Internal Revenue (BIR) against the company. Three tax cases filed by the BIR against Mighty Corp. are now pending before the
Department of Justice (DOJ). These cases cover the firm’s non-payment of excise taxes due its cigarette products and use of counterfeit tax stamps on its cigarette packs, which correspond to excise taxes valued by the BIR at a combined P37.88 billion. “We are studying the offer,” Dominguez said of the written settlement proposal sent by Mighty Corp. to BIR Commissioner Caesar Dulay in a letter dated July 10, 2017. The letter signed by Mighty Corp. President and Director Oscar Barrientos, said that it was confirming “the Company’s willingness to settle all such excise and tax issues and respectfully offer as settlement of the
Company’s shareholders’ and its officers’ liability in this regard the total sum of P25 billion.” Barrientos said in his letter that this settlement sum would be funded by means of an “interim loan” f rom J T Int e r n at i on a l Philippines (JTI) and the sale by Mighty and its affiliates of its manufacturing and distribution business and assets, along with the intellectual property rights associated with these assets, “including those owned by the company, Wong Chu King Holdings Inc., and other affiliates to JTI or any of its affiliates for a total purchase price of PHP45 billion exclusive of VAT.”
Based on its settlement offer, the total amount that Mighty Corp. would remit to the government include: 1) P 3 . 5 b i l l i o n i n deficiency excise taxes on its cigarette products that are now the subject of the three tax cases pending before the DOJ; and 2) P 2 1 . 5 b i l l i o n representing the liabilities of the company and its shareholders, as well as the company officers for all internal revenue taxes, including income tax from 2010 to 2016 and the tax period up to the closing of the proposed transaction with JTI, and all transaction taxes related to the agreement with offer/PAGE 9
power supply in Visayas By MYRNA M. VELASCO, Contributor
PHINMA Energy Corporation will be augmenting power supply in the earthquakestricken domains in the Visayas grid by close to 40 megawatts from its power barges that could be deployed into the area. This will be in response to the request of the Department of Energy (DoE) for the company to help in the immediate provision of power supply in Leyte, Samar and Bohol that have been technically “plunged into the dark” after last week’s hit of natural disaster. According to PHINMA
Energy President Fancisco L. Viray, the company could deploy their power barges of four generating units with 5.5MW capacity each; and another barge of three generating units with the same 5.5MW capacity each. Altogether, that could shore up power supply in the grid by 38.5MW – and could already be a big boost to an area that is already experiencing the pain and distress of blackouts. Ne v e r t h e l e s s , Vi r ay noted there are logistical concerns that they would hike/PAGE 11
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Sikat ka Higala By SHERYL MACALE
Hebrews 11:1 Faith is the substance of things hoped for and the evidence of things not seen. Every year we at El Gibbor Ministries we celebrate our anniversary and this year is our 16th year.Our pastor Ferdinand Supangan and his wife Ate Edith are the pillar of the church they keep our lives in tuned to God and our faith strengthened through their love and overwhelming warmth.The El Gibbor Ministries is a church and its goal is to teach,equipt and train the disciples of Christ,to devotedly carry Evangelism and Intercessory Prayer,to deepen the roots of Christianity ,the ministry is done in accordance to the Word of God and its Promise.For 16 years it has stood by its faith and the power of deliverance. God is faithful and we continue Gods Work by teaching the word of God and sharing the love of Jesus Christ and to declare the Power of God.The faithfulness of the Lord is beyond our measure.His grace endureth forever. Surely goodness and mercy shall follow us all the days of our lives .The joyous occasion is celebrated with exciting games and raffle draws and family contests.The smiles we see in every faces and the hugs we get from our brothers and sisters melts our hearts because the church is a family and we serve a good Father.I congratulate El Gibbor happy 16th year anniversary.To the music team i was so proud seeing my son Louise Diamond Phillip leading the Praise and Worship and to the Youth Group headed by Jackie and the organizers and the Flower team headed by my mom Lucita and to our great brothers and sisters who donated for the anniversary May God Bless You a hundred folds.To everyone who came till next year and lets keep our faith alive.To my brother who I was so happy see Gogo and his family from Dubai and to the hands that work so hard continue to serve the Lord to the Tambourine Girls,to andrew and Dan and to all the women and men You have done a good job.God is indeed Faithful.Please come to our church we would like to invite you its located at Jr.Borja Rizal Sts.You are welcome.Receive the Love of God we love you with the Love of the Lord.
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Trade deficit widens to $2.75B in May or the sum of a country’s total transactions with the rest of the world, registered a deficit of $318 million, which is equivalent of 0.4 percent of the gross domestic product (GDP). In the same period, BOP posted a deficit of $994 million, higher than the $210 million deficit same period in 2016. Last May, the central b a n k’s p o l i c y - m a k i n g Mon e t ar y B o ard ( M B ) slashed the BSP’s 2017 CA assumption to $600 million deficit from an assumption of $8 million surplus on account of the strong rise of imports. The BOP assumption for the year was also cut to $500 million deficit from USD1 billion surplus previously.
The latest assumption accounts -2 p ercent of GDP while the previous assumption is at two percent of GDP. L a s t May, t h e B O P registered a $59 million deficit, bringing the yearto-date level to $136 million deficit. Espenilla said the latest trade deficit of the country w a s “n ot a s u r pr i s i n g outcome” given the impact of what the country bought and sold overseas. “S o ag ai n t he re are pieces of information that you shouldn’t appreciate on a day-to-day basis but you have to look at the underlying factors. That’s what they are driving them,” he added. (Joann Santiago/ PNA)
THE Philippines posted a trade deficit of $2.753 billion in May 2017, higher than the $2.24 billion deficit a year ago. This after imports grew by 16.6 percent last May, higher than the 13.7 percent rise in exports. PSA data show that metal products, transport equipment and iron and steel represent the highest imports of the country last May. These rose year-onyear by 44 percent, 37.9 percent, and 35.2 percent, respectively. Economic and monetary officials have traced the strong rise of the country’s imports to rising demand of the Philippine economy. Bangko S entral ng Pilipinas (BSP) Governor Nestor A. Espenilla Jr. said
the rise in imports “is actually reflecting potentially healthy conditions.” “You have to look at what imports are coming in. Capital goods imports support a growing economy. And the economy is growing very strongly at this point in time so this isn’t unusual that imports will be growing,” he said. On the other hand, the strong growth of imports resulted in the decline of the country’s current account (CA), which refers to the totality of balance of trade (BoT), the net income from overseas and net current transfers. BSP data show that in the first quarter of 2017, the CA component of the balance of payment (BOP),
PH’s factory output up 5.8%
BPI Family eyes 10% profit growth
THE country’s manufacturing output and value posted growth in May this year. Phi lippine St at ist ics Authority’s (PSA) Monthly Integrated Survey of Selected Industries (MISSI) for the mont h of May showe d that volume of production index (VoPi) increased by 5.8 percent while value of production index (VaPi) also grew by 3.6 percent. However, growth for VoPi this year has slowed down from May 2016’s figure of 7.4 percent, while VaPi’s growth rate remained the same. In a statement Tuesday, the National Economic and Development Authority ( N E DA ) s ai d h i g he r manufacturing output for May was driven by increase in production of constructionrelated and export-oriented output/PAGE 9
BPI FAMILY Savings Bank, Inc. is looking to grow its bottom line by a tenth this year, a slight increase from last year’s figure, as the lender is currently streamlining its processes to manage risks as part of a wider bid to double its overall businesses in five years. The thrift banking arm of Ayala-led Bank of the Philippine Islands (BPI) said it eyes a softer expansion in its net income by end-2017. “For this year, we’re projecting a slower growth of about 10%,” BPI Family Savings Bank President Maria Cristina “Ginbee” L. Go said in a briefing on Wednesday when asked for the lender’s outlook for the year. The thrift lender saw its net income reach P4.4 billion in 2016, up 5% from P4.2 billion the previous year. For the past five years,
How to assist your kids’ reading By Ma. PAZ A. GACUTNO Teacher I Pagatpat Elementary School
First, parents must understand the assignment. We make sure what books are assigned and if there are any projects to go with the reading that are also assigned. Is there a specific way the novel should be highlighted or annotated? Can it be read on an e-reader of must the book be the print version? Will there be a test or quiz on the next day in school? O ne re a d i ng t re nd nowadays is chat fiction. Because the platform used is a cellphone, words are often abbreviated. This is a particular concern that must be addressed both by parents and English
7
Banking&Finance
teachers. Younger people are flocking to chat fiction instead of traditional books. Chat fiction apps allow users to read in a format that they know very well – text messaging. Stories are short and fast-paced in the form of a text conversation where there is participation by the reader. The details engage both sides of the brain as readers interpret the images and the words. In order for students to understand better what they’re reading, they must be fun after all. It also advances children’s skills. For younger kids, reading out loud is highly encouraged.
BPI Family Savings’ bottom line grew at an average rate of 10%. Asked why the bank sees slower growth for this year, Ms. Go said, “We are more prudent at this time. We’re viewing our credit models because we’ve aggressively grown in the past and we have to make sure that we manage the risks as well.” “Lending has its own attendant risks and we have to make sure that our own credit losses are well within boundaries that’s why we’re doing a lot of process
improvements, streamlining, reviewing our credit models,” she added. For this year, the main drivers for the expected 10% growth will be both the banks’ loans and deposits, the official said. Asked for the bank’s second quarter financial performance, Ms. Go said it was “very strong in terms of net income,” but declined to disclose any figures. Meanwhile, BPI Family Savings Bank wants to double its overall business growth in profit/PAGE 9
Contextualization and Localization of the Curriculum for Our Indigenous Learners By: Norman A. Felisilda Dunggoan Elementary School
Are my learning materials and strategies suitable and effective for my pupils? T h i s qu e st i on a lw ay s pops up in my mind every time I deliver my lessons. Teaching the indigenous children (Higaonons) is a big challenge for teachers assigned in the hinterland school like me. I have been experimenting on some techniques to make learning more fun and effective. As observed, pupils participate well if I am using materials which are found in their own environment and used in their daily lives. If I do not, they are passive in the classroom. RA 10533 or the Enhanced Basic Education Act of 2013 states, specifically in section 10.2, that the curriculum should be contextualized and global. The government
spends more money and efforts just to cater the minority groups of our society and one of them are the Lumads or the Indigenous People (IP). Research based strategies (contextualization and localization) are proven effective to the Lumad learners. I strongly agree with this, instead of using pentil pens, cartolinas and chalkboards a teacher can utilize the outside environment to ma ke learning more hands-on and comfortable for the learners. Using just the four corners of the classroom limits their potential. The purpose of education is to apply the learning in our daily lives. C ontextualization and localization are strategies which allow the IP learners practice their own skills for their survival.
OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY
A PUBLIC SERVICE BY:
AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274
METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057
ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893
METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162
BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075
METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721
BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637
METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924
BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796
METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731
BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405
METRO BANK- GAISANO 8561720
BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN
CM Recto Ave. Lapasan, Cdoc, 8563991/727731
BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819
PBCOM Tiano-HayesSt. Cdoc | 726519/8571558 PLANTERS DEVELOPMENT BANK
Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723
PNB- LKK MALL NORTH CONCOURSE
LKK Mall N.Concourse Cdoc 8574149/8575682
PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.
#58 Tiano FernandezSt.CDO 727215/ 8563552 *805
SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774 SECURITY BANK- LKK Limketkai | 8801258/8801625
EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081
SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632
EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331
STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168
ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415
UCPB BANK- LAPASAN Osmeña Corner Lkk Drive, Cdoc 85771842/ 725135 UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527 UCPB BANK SAVINGS-CAPISTRANO
Capistrano Corner CruzTaal St. CDO 8524099/722695
UCPB BANK SAVINGS- OPOL Gf forever Books Bldg.Bulua National CDO 754519/8588063 UNION BANK Lapasan Cm.Recto Cdoc | 8566847/8563805 WEALTHBANK Velez Gomez St. Cdoc | 8568942/722174 1ST VALLEY BANK Vamenta Blvd. CornerLirio St. Carmen, Cdoc 8501871/ 8584146 OROBANKERS CLUB Inc. Pnb Carmen | 09151850242
8 When you’re in Davao City, Read:
HOTELS & RESORTS DIRECTORIES
VILLA MARGARITA HOTEL J. P Laurel Avenue, Bajada, Davao City, Philippines Tel. No.: (082) 221-5674 / Fax No. (082) 226-2968 MICROTEL By Wyndham Davao Damosa Gateway Complex Angliongto Rd., Lanang Davao City 8000, Philippines Tel +63 82 233 2333 / Mobile +63 917 795 3548 www.microtelphilippines.com PINNACLE HOTEL Sta. Ana Avenue, Davao City. No. (082) 300-5885 Telefax: 300-1881/ 221-3025 Website: www.thepinnaclehotel.com ALU HOTEL M. Roxas Avenue corner Padre Faura Street, Davao City. Tel No (63 82) 221-5232 / Mobile (O943) 652 3927 Email: aluhoteldavao@yahoo.com info@alu-hotel.com / www.alu-hotel.com GRAND REGAL Km 7 Lanang, Davao City, Philippines Tel. 235-0888 / Fax 235-2335 email: grandregalhotelegmail.com VIAJEROS ECONOMY HOTEL Patnubay St., Sandawa, Matina, D.C Tel. No. 297-5710 / Telefax (6382) 298-5134 Mobile: 0922.-8268425 Website: www.viajeroseconomyinn.com ROYAL MANDAYA HOTEL J.Palma Gil St., Davao City 8000 Phils. Tel. No. (082) 225-8888 / fax No. (082) 225-1885 info@theroyalrmandayahotel.com www.theroyalmandayahotel.com HOMITORI Bangoy Street corner Santa Ana Avenue, Davao City Tel. No. (082) 295-2969 & 295-2471 / Mobile: (0922) 8994646 Email: homitoridvo@gmail.com or Like us on www.facebook.com/pages/Homitori-Davao
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thu-fri|july 13-14, 2017
Four-storey building opens at Bugo National High School Story by MARK FRANCISCO Photos by CITY INFORMATION OFFICE
T
HE city government of Cagayan de Oro led by Mayor Oscar Moreno turned over to the City Schools Division of Cagayan de Oro last Wednesday a 46-classroom fourlevel building it constructed within the Bugo National High School premises. “With firm conviction that education is the great equalizer – empowering the underprivileged and alleviating them from their marginalized conditions. With great confidence that education can and will change the quality of a person’s life and more importantly his family, community, the City and the
Nation,” read the dedication at the marker that was put up in the building façade. The construction of the building was funded by the city’s Special Education Fund, according to city government spokesperson Maricel Rivera.
Housing a total of 2,022 junior high school students, the opening of the new building will mean decongestion of classes which was the aim why City Hall decided to put up the structure which is the second biggest schoolbuilding that the Moreno
administration has constructed. The turnover rite was also witnessed by City Schools Division superintendent Elena M. Borcillo, Councilors Suzette Daba, Ma. Lourdes Gaane, Jay Pascual and Teodulfo Lao; and Bugo barangay chair Jesus Morial.
BIG APPLE HOTEL Brgy. Angliongto, Lanang, D.C. Hotline Nos.: (082) 234-8459 Facebook account: bigapplehotel@ymail.com Email: bigapple_hotel@ymail.com
THE PERIDOT SUITES Carmelite Drive, Lanang, Davao City Tel. no.: (082) 305-6530 / Fax no.: (082) 305-38I2 Email: theperidotsuiles@gmail.com AZIENDA MEO APARTELLE 11 Corner Pioneer and Doña Vicenta Village, Phase 1, Davao City Telefax. No: (082) 227-4119 & 284-6689 Cell Phone No. 09256652626 Website: www.aziendameo.com Email Add: aziendameo@yahoo.com.ph Big 8 Corporate Hotel Visayan Village, National Highway, Tagum City Mobile nos. 09173029063 & 09328539372 Tel. No.: (084)216-0888 Email: info@big8corporatehotel.com www.facebook.com/big8corporatehotel.com www.big8corporatehotel.com HOTEL ELENA Avenida Santos Ave., Nova Tierra Vill, Lanang, D.C Tel. Nos. (082) 233-1941 & 305.8799 / fax No. (082) 233-1887 PARADISE ISLAND Tel. No. (082) 233-0251 & 300-2343 / CP No.: 09209546780 E-mail: paradiseislanddavao@gmail.com MARCO POLO DAVAO C.M Recto St., Davao City davao@marcopolohotels.com www.marcopolohotels.com (63 82) 221-0888 HOTEL ESSE Brgy. 9-A F Torres Street, Davao City Hotline: No: 227-37-73 / Fax: 295-34-85 Website: www.hotelessedavao.com.ph Email Add: hotel_esse_davao@yahoo.com RUEMANGO APARTELLE & SUITES 516 Mangga St., Juna Subd., Matina, Davao City ruemangoapartelleandsuites@gmail.com www.ruemango.com Tel. Nos.: (082) 295-7175/ 295-7180
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Friday|july 14, 2017
Solutions... from page 1
development plan dubbed “7 Pillars of Development”. The Port Management Advisory Council was expanded and strengthened as the Port and Maritime Advisor y C ouncil (PMMAC) to endorse the programs for the entire jurisdiction from Laguindingan to Balingoan, Misamis Oriental. “We also asked our people to adopt a new mind set and understand this was the best way forward,” Butaslac said. “For instance, we are ISO 900:2008 certified for vessel entrance and clearance. Unless we issue the clearance in 3 minutes, we lose our accreditation. We are also certified for Port Safety, Health and Environmental Management System (PSHEMS) which is equivalent to Environment Management Systems ISO 14001:2004 and Occupational Safety & Health Assessment Series (OHSAS 18001:2007, and ISO 9001:2008. These accreditations set standards for performance by our people.” Next, the team instituted Systems and Procedures and Processes for vessel and cargo processing. For instance, Butaslac instituted Daily Berthing meetings and Daily Vessel Pre-planning. A PPA unit EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE DECEASED MAJORIE B. PADLA WITH DEED OF ABSOOLUTE SALE Notice is hereby given that the intestate estate of the DECEASED MAJORIE B. PADLA who died on August 15,2014 in Cagayan de Oro City without leaving any last will and testament, at the time of her death, is the conjugal owner of a parcel of land situated in Upper Carmen, Cagayan de Oro City; TCT No. 137-2011003990, Lot 3, PCS-10-003833 containing an area of Three hundred Forty One (341) SQ. M. more or less; The legal heirs or sole heirs of the deceased MARJORIE B. PADLA is the subject of ExtraJudicial settlement of the Estate of the Deceased MARJORIE B. PADLA with Deed of Absolute Sale; is made and executed by and among; AGUSTIN RIZALINO P.PADLA, of legal age, Filipino, widower and a resident of 11 Links Lane St., Cluster 7, Pueblo Golf estate, Canitoan, Cagayan de Oro City, and the surviving husband of the deceased; ANDRE B. PADLA, of legal age, Filipino, single and a resident of 11 Links Lane St., Cluster 7, Pueblo Golf Estate, Canitoan, Cagayan de Oro City and the surviving son of the deceased; That for and in consideration of the sum of ONE MILLION PESOS (P1,000.000), receipt in full of which is hereby acknowledged from the VENDEE, IRENE B. PADLA, of legal age, Filipino, single and a resident of Upper Carmen, Cagayan de Oro City. We, the HEIRS OF MARJORIE B. PADLA, do hereby SELL, TRANSFER, and CONVEY, to the VENDEE, her Heirs and assigns, the above-described property covered by TRANSFER CERTIFICATE OF TITLE NO. 137-2011003990 including all the improvement found therein. Under Notary Public of ATTY. MARIO T. JUNI, As per Doc. No. 101; Page No. 21; Book No. 189; Series of 2017. BWM: June 30, July 7 & 14, 2017
meets daily with vessel agents, representatives, and owners dailyto discuss the Estimated Time of Arrival, Availability of Berths, Departing and Arriving vessels. “Ever y stakeholder is furnished the berthing minutes by email so everyone remains informed wherever he is in the world provided he has an internet connection,” Butaslac said.“The minutes form the basis for vessels’ berthing guide and berthing permit so you know when and where your vessel will be accommodated in the dockside berths.” In a controversial move to optimize space for cargo processing, the PMO let lapse all leased areas within the port proper used by shipping firms as container yards effective January 2016, resulting in a gain of 18,224 sq.m. without constructing a new back up area. “Thus, while the wharf extension and reclamation was ongoing, we instantly had a surplus area that we developed as a back-up area for container handling. By dedicating Berths 8,9 and 10 exclusively for container handling, we increased containerized cargo throughput resulting in revenues which more than made up for the foregone revenues from leases of shipping companies. From a 50/50 ratio of container vs. conventional cargo packaging ratio, the port is now looking at a 70/30 ratio that is still increasing,” Butaslac said. The port has also upgraded
its capacity to move containers as well as expanded the area to accommodate containers. “As of June 15, 2017, with the arrival of another Rail-Mounted Gantry Crane paired with 3 Rubber-Tired Gantries (RTGs) deployed by Oroport, Cagayan de Oro Port has a total of four (4) RMGs and nine (9) RTGs,” Butaslac said. T h e t e r m i n at i on of the leases also addressed the proliferation of empty containers which still plagues most major seaports. The team aims to gain an additional 5,040 sq.m. for containerized cargo by moving an existing open transit shed to the reclamation area once it’s completed by year end. But the changes did not come easy. Butaslac said to effectively institute the people measures and the systems, procedures and processes, the PPA employees had to buy into the necessary cultural and organizational changes. “Motivating, patience, mentoring should always be there. After instituting the measures, I had no doubts revenues would increase even after leases were allowed to lapse.” “Plug the gates, change the guards to effectively implement the innovations inside, it would serve as a filter. From 72 permits in 2013, there are now almost 300 meaning more business permits are being registered, so our increased revenues came from efficiency. Last year we sustained our revenue gains with another 16% on
Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region BRANCH 07 Tubod, Lanao del Norte In the Matter of Petition for Commission As Notary Public.
Pet. For. Not. Com. No. 042-07-2017
Atty. Myraflor L. Opay-Armas, Petitioner.
X------------------------------------------------------/ ORDER A petition for commission as Notary Public was filed before this Court on June 23, 2017 by the herein petitioner, Atty. Myraflor L. OpayArmas. She alleges that she is a Filipino citizen, born on September 10, 2017, married and resident of Bag-ong Dawis, Baroy, Lanao del Norte. She holds office at OPAY and ASSOCIATE LAW OFFICE, Room 1, 2nd Floor, OPAY Building, Poblacion, Tubod, Lanao del Norte with Contact Number 09177220289. That she is a new member of the Philippine Bar having been admitted by the Supreme Court on May 23, 2017 under Roll of Attorneys No. 66971. That she is a member of good standing of the Integrated Bar of the Philippines-Lanao del Norte Chapter and has paid his IBP Annual Membership dues for CY 2017 and IBP No. O.R. No. 004834, Pasig City on May 15,2017 and her tax for the practice of her profession under PTR No. 3122198, Tubod, Lanao del Norte on May 24,2017. That she has not convicted of any crime involving moral turpitude. That she has not been convicted for the same term as Notary Public elsewhere by another Executive Judge as this is her first time to file a petition for notarial commission. That she is a new lawyer, having hurdled the 2016 Bar Examination and admitted to the practice of law on May 23, 2017, thus, she need not comply with the mandatory Continuing Legal Education (MCLE) requirement imposed by the Supreme Court. That she hereby undertakes to regularly submit her notarial reports to the Honorable Court through the Office of the Clerk of Court. That she submitted to this Court the necessary documents,( three (3) specimens of her signature etc.) to support her petition. Set the summary hearing of the petition to August 25, 2017 at 8:30 in the morning before the sala of this Court. Let Notice of Hearing be published at a newspaper of general circulation for three (3) consecutive weeks at the expense of the petitioner. The Civil Case In-charge is directed to post copy of the Order at the Bulletin Board of this Court. Furnish copy of this Order to the Court Administrator of the Supreme Court of the Philippines at Padre Faura St., Manila and to the petitioner, Atty. Myraflor L. Opay-Armas who is holding office at 2nd Floor, Opay Bldg., Poblacion, Tubod, Lanao del Norte. SO ORDERED. Tubod, Lanao del Norte. June 30,2017. BWM: June 30, July 7 & 14, 2017
(SGD.)DENNIS P. VICOY Acting Presiding Judge
top of 36% from 2015.” An important factor in the gains of the past two years was the PMO’s pursuit of the PPA’s overall strategy of “Ease of Doing Business.”
Offer... from page 5
JTI. “ The initial payment of P3.5 billion will be paid by the company on the company’s behalf on or before July 20, 2017. A binding Memorandum of Agreement in relation to the Proposed Transaction (with JTI) will be concluded shortly (and prior to July 20, 2017) subject to finalizing terms with JTI and JTI completing its due diligence,” the letter read. The balance of P21.5 billion will be paid on or after the closing of the proposed deal with JTI. Barrientos also requested the BIR in its letter for a reinvestigation of its pending criminal complaints before the DOJ following the initial payment of the P3.5 billion, along with a certificate of payment. Barrientos committed to retire the operations of Mighty Corp. following the conclusion of its deal with JTI. Attached to the letter was a certification issued by Ernesto Andrade, Mighty’s corporate secretary, showing that the settlement offer was authorized by Mighty’s Board of Directors and designating Barrientos as the authorized representative of the tobacco manufacturing firm. (DOFPR/PNA)
Output... from page 7
goods. E l e v e n s e c t or s a l s o reg istere d double-dig it growth in the said period which include the following: leather products, up 44.3 percent; footwear and wearing apparel, up 34.6 percent; furniture and fixtures, up 34.4 percent; basic metals, up 29.1 percent; tobacco products, up 28.2 percent; printing, up 28.2 percent; non-metallic mineral products, up 22.6 percent; transport equipment, up 22.2 percent; petroleum products, up 16.8 percent; electrical machinery, up 13 percent; and paper and paper products, up 11.1 percent. Av e r a g e c a p a c i t y utilization rate of manufacturing facilities in May was at 83.8 percent. (Kris M. Crismundo/PNA)
Profit... from page 7
the next five years, primarily in terms of assets, loans and deposits, the official said. “We hope to replicate our growth performance in the past five years, we’re doubling again in the next five years... and it’s on a bigger base, so we hope to double our business in five years,” Ms. Go said. According to official, they are looking to double BPI Family Savings Bank’s asset base to P540 billion in five years from P270 billion at end-2016, to be driven by its deposits and loans.
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Food Security Forum in UP Mindanao By Joe Palabao
Last July 6, a significant and important Media Reception Forum on Food Security and Sustainable Development was hosted by the UP President for the Agriculture and Biochemistry Beat Reporters held at the Mini Theater, Administration Building UP Mindanao Campus. Vice President for Public Affairs Jose ‘Butch’ Dalisay delivered an important message for the forum from UP President Danilo Concepcion whom would have been interested to hear the talks as a man of science having been an agricultural engineer before becoming a lawyer. With the onset of the economic boom and development of Mindanao and it’s impact to Mindawanons, the forum coupled with the presentation of researches for food security and sustainable development is aimed to bridge the gap between the academe and the general public VP Dalisay further said. Three UP Mindanao known and award winning researchers presented their project to the forum: Dr. Juma Novie Alviola presented “Utilization of Sago Flour to improve Nutritional Profile of Selected Food Products”; Dr. Emma Ruth Bayogan “Post harvest of Pummelo Fruit treated with Chitoan and 1 Methycyclopropene”; and Dr. Cleto Nanola “Exploring the Connectivity of Reef Fish Populations along Eastern and Southern Coast of Mindanao”. Their researches are part of the Mindanao Studies Research Initiatives which launched in an effort to forge a research agenda that builds on the University’s development goals of Mindanao. The researches aimed to
have an impact on the economy, the environment, and the people of the island through research on food and agribusiness systems, natural and built environments, and Mindanawon art, culture and society. The sago palm has become an object of many researches due to its potential for Enterprise development in Mindanao. The University has supported a multidisciplinary program to study the Sustainable utilization and conservation of sago, the importance of the palm to the life-world of Filipinos in the past and the present as well as the possibility of of commercial propagation of the palm to produce industrial products. Thus the study: Utilization of Sago Flour to improve Nutritional Profile of Selected Food Products of Dr. Juma Novie Alviola. The study focused on flours from Sago, kamote, rice, munggo, cardava and wheat. The study focused and considered the prices, and the combination of glutens carbohydrates, proteins, fiber and antioxidants for the best nutritional values. Furthermore, mentioned are the uses of sago starch for lactic acid, cosmetics, glucose and animal feeds and of sago palm to alleviate global warming and climate change. Great Researcher Professor Emma Ruth V. Bayogan presented the study “Post-harvest of Pummelo Fruit treated with Chitoan and i- Methycyclopropene. The study presented aims to reduce crop losses---that averages about 35 percent of farm produce by using low cost compounds. She further stressed that Pummelo being abundant in the Davao Region and being a high value Crop had much longer shelf life and
maintained fruit quality and sweetness and juiciness after being given the right measure of the environmentally friendly compounds. One of the leading researchers in the country Professor Cleto Nanola, Jr., presented “Exploring the Connectivity of Reef Fish Populations along Eastern and Southern Coast of Mindanao”. The species include the nutritious “isdang bato” the damsel fish, greenblotch parrotfish and surgeon fish found in the coral reefs of Saranggani Bay, Davao Gulf, and Pujada Bay. At the rate of the dwindling population of these popular species for food fish security the study recommends fishing regulations that would limit commercial fishing to fully grown fish species and the protection of coral reef in order to avoid depletion the local fish population. An open forum followed and on the part of study of Sago and commercial its advantage and supply and per information a study on the commercial planting of Sago palm is underway to support the commercial usage of sago. Other concerns and queries were given attention for the sustainability of the projects being presented. It was a successful and fruitful venue participated in by the tri-media of Davao Region. UP College of Mass Communication was represented by Dean Elena Pernia, Aleli Quirante, Rica Abad. The Vice President of Public Affairs Professor Jose Y. Dalisay Jr., representing UP President Danilo Concepcion, Professor Jose Wendell P. Capili Assistant Vice President of Public Affairs. Andre Encarnacion. The UP Mindanao participants was led by Chancellor Sylvia Concepcion.
Jose Y. Dalisay Jr. PhD UP Vice President for Public Affairs
Researcher Scientist Dr. Cleto Nanola
Prof. Jose Wendell P. Capili Asst. Vice President for Public Affairs
Scientist Researcher Dr. Juma Novie Alviola
Scienctist Researcher Dr. Emma Ruth Bayogan The Food Security and Sustainable Development Forum participants, Tri-media Representatives, Researchers, Organizers from UP College Mass of Communications Foundation, Inc.
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wednesday|july 12, 2017
Airport... from page 1
SilkAir flies directly to Singapore from Davao City. “That’s overdue. Look at the traffic in Metro Manila. Flights are delayed because you cannot just put them in one airport, all (passengers) keep coming. It will certainly affect the flight schedules,” he said. Milan believes there is a market for Davao-Australia route because many tourists would want to visit a tropical country like the Philippines during winter season. He said Australia is located just below the Philippines on the global map. “There should be a flight emanating from Australia that will go to Davao because you are making a route that is attractive to foreigners. Australia by itself has too many tourists,” he said. He said Western tourists either go to Bali, Indonesia or Palau in the Micronesia. Both are closer to Davao in terms of proximity. He said reviving the Manado-Davao flights would also help sustain the DavaoGeneral Santos- Bitung, Indonesia roll on/roll off (RORO) that was launched in April. “For RORO to be sust ainable, we shou ld encourage the revival of the flight of Davao to Manado and back because I don’t think if you invest or you trade you don’t wanna see the area,” he said. He said the direct flight to Manado will also make transactions between In d on e s i ans an d t h e i r counterparts from Davao to discuss business deals. On June 15, Milan urged the House of Representatives to pass into law House Bill 2002 which seeks to create the Davao International A i r p o r t Au t h o r i t y t o decentralize management of the airport from the national government to enable a faster implementation of development programs. He said the management of the airport cannot implement projects on its own because it is dependent on the national government. He said the government can replicate the model of Mactan Cebu International Airport Authority “to make Davao City airport inviting” to both tourists and business executives visiting the city. Once approved, he said the “authority,” a body that will take over the management, can immediately plan out development projects and implement them on its own. The F. Bangoy International Airport, also known as the Davao International Airport, is currently being managed by the Civil Aviation Authority of the Philippines (CAAP). “When it is ‘authority’, the Davao International Airport will have flexibility rather than the current set up where you depend so much on the national (office). It’s really a must now, if we want a more responsive Davao airport,” he said. “We need to upgrade
our airport because it is where the first contact of the investors is. They need to have a good impression of our region by way of our airport terminal. We are pushing to improve airport. Overall passenger experience has to be improved a lot, in terms of aircon, ventilation, and X-ray machines. They have to work efficiently all the time,” he said.
Deal... from page 1
firsthand the cultures beyond their birthplace such as our Bisaya culture here or the Lumad culture in other areas of Mindanao. They can explore and appreciate the diversity of the Philippines,” Enjambre said. “In return, MSU will also be hosting academic tours for those who wish to visit Marawi City and understand deeply its unique Maranao culture,” she added. Marawi holds the distinction as the only Islamic city in the country with 99 percent of the Maranao inhabitants as Muslim. Also in the offing is for lectures on other Mindanaoan cultures to be conducted among junior high students once the conflict is over. L a s t We d n e s d a y, Enjambre also met with representatives from the National Commission on Culture and the Arts (NCCA) so the two agencies could also collaborate on the matter. On its own, NCCA is busy promoting the various tribes of Mindanao as it prepares hosting the BIMP-EAGA Festival of Culture and the Arts from September 20 to 24 in General Santos City. Government officials from Brunei, Indonesia and Malaysia are expected to grace the occasion.
the cause of the diarrhea outbreak, he added. At present, the DOH has yet to release the result of the water sample. The agency’s finding will be the official result of the tests. Unless bioterrorism is involved, Mendoza said, it’s possible that there was sabotage. Dr. Maria Alma Enriquez, the municipal health officer, said most of the samples they took have tested positive of E. coli bacteria. A private company based in Medina has volunteered to undertake the testing of samples of the contaminated water. During a public hearing called by the Misamis Oriental Provincial Board’s health committee on Thursday, Enriquez announced that the diarrhea infection in Medina is already “under control” saying that the local government unit has provided safe drinking water to affected households. The aging pipelines of the Medina Rural Water and Sanitation Cooperative (Merwasco) could have also contributed to the seepage of contaminants into the residents’ drinking water. Engr. Isagani Barcelona, Merwasco manager, said upgrading the water utility’s facilities has remained one of the cooperative’s challenges, adding that lack of funds have prevented them from replacing its main pipelines, which are already 30 years old. At t he ons et of t he outbreak, Medina Mayor Donato Chan said they have put in place measures to prevent the spread of the diarrhea to other villages in the town, particularly
Budayaw... from page 2
packages for the visiting guests and tourists to explore the richness of Mindanao culture as well as its touristic destinations. Aside from showcasing the diversity of cultures of countries of the region, the Budayaw festival will train the spotlight on the beauty of Mindanao, affirming and safeguarding its being wellspring of creativity and resilience. To know more about Budayaw, contact Adelina M. Suemith, chief of the NCCA Program Monitoring and Evaluation Division, through telephone number 527-2192 local 601 or email amsuemith@yahoo.com.
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 43 Cagayan de Oro City
Outbreak...
from page 1 Mindanao (DOH-10), on Thursday. A letter from a concerned citizen, sent to the office of Misamis Oriental Provincial Board Jose Mari Pelaez, has accused the town’s water provider of orchestrating the outbreak. The epidemic, which started last June 29, affected 452 residents in four of the 19 villages in Medina, a town of over 32,000 people some 60 kilometers east of Cagayan de Oro. As of July 13, only 29 persons have been admitted at the local medical facility for diarrhea. Based on the 2015 data, Medina has a total population of 32, 907 residents. At the height of the outbreak, two people had died, although only one was related to diarrhea. The other died from a heart illness. Mendoza said majority of the cases occurred in two villages, in North Poblacion and South Poblacion. Many residents in the barangays of Cabug and Maanas also suffered from diarrhea. It’s possible that bacteria from human or animal wastes and runoff of contaminants from the highland or sea were
cutting off the distribution lines that were identified to have been contaminated as well as ordering Merwasco to conduct regular flushing of its pipes. Merwasco is serving 11 of the town’s 19 barangays with about 3,200 memberconsumers. The mayor has als o instructed residents to boil their drinking water before consuming it. Aside from that, the local government has initiated the putting of chlorine to other water sources such as dug wells. “We have done our best to address the problem,” Chan said during the committee hearing. Dr. Jerie Calingasan, the provincial health officer, other municipalities must learn and replicate what the local government of Medina did to respond to the outbreak. (PNA/By Jigger J. Jerusalem)
OFFICE OF THE CLERK OF COURT & EX-OFFICIO SHERIFF
For more information, please contact Rene Napeñas, head of the Public Affairs and Information Office, through 0928-5081057, 527-2192 loc 208 or through email address ncca.paio@gmail. com. (NCCA)
Training... from page 2
eggplant, tomato, string beans and ampalaya. Retailers from Bulua and Cogon market are invited to visit the CAFAMCO learning site on July 12, 2017 to encourage them to buy vegetables from the farmers. R e g i o n a l Te c h n i c a l Director Carmelita T. Bajarla, representing DA-RFO 10 chief Carlene C. Collado, thanked the LGU, headed by city councilor and committee on agriculture chair Annie Y. Daba and city agriculturist Dr. Hector R. San Juan, as well as the private sector that they were able to unite for agriculture as well as agribusiness. (AMBManto, DA-RFO 10)
Cimagala... from page 4
say and do correspond to their common sense, or to some worldly values like practicality, profitability, etc. That kind of outlook has actually caused great havoc in our life as it would easily lend itself to injustice and inequality, to a culture where the strong dominates the weak, the rich exploits the poor. Injustice and all kinds of abominations can be defended and promoted under the protection of law. That’s the case of legalized abortion, for example, where the completely defenseless baby can now be eliminated,
TRANSFER CERTIFICATE OF TITLE NO. T- 14793 Lot Lot 177-B-1. Psd-10-044429 Portion of Lot : Lot 177-B, (LRC) Psd-145741 Boundaries : NE.. Line 1-2 by Lot 174 Line 2-3 by Lot 716, both of Cad 295 SE., line 3-4 by Lot 177-B-2, Psd-10-044429 SW.. line 4-5 by Lot 178. NW„line 5-1 by Lot 175, both of Cad-295 Beginning -from a point marked “1” on plan being S., 73 den., 59’E., 382.82 N. from BLLM No. 1. Cad. 295. Gingoog Cadastre. AREA: : ONE HUNDRED THIRTY THREE (133) Square meters more or less All sealed bids must be submitted to the undersigned on the above stated date and time. In the event the Public Auction should not take place on the said date, it shall be held on the next working day without further notice. The prospective buyer/s may investigate for themselves the title of the herein described property/propties and the encumbrances thereon, if any there be. Gingoog City, July 4, 2017. FOR THE EX-OFFICIO SHERIFF BY: (SGD.) FLORA C. PEREZ Sheriff IV RTC-Branch 43 Gingoog City BWM: July 7, 14 & 21, 2017
Hurst... from page 4
Christ to forgive you for not living the way you know you should. Then ask Him to take charge of your character and give you His help. Then you can start disciplining yourself to always be your best, and never again have to settle for second best. Just Think a Minute…
Hike... from page 5
need to hurdle before they can move the barges to the site where power supply is needed. He admitted “the need (for supply from the barges) could be overtaken by the repair of the geothermal facilities in Leyte and the transmission lines.” Viray qualified that “it takes time to construct infrastructure for the mooring site, transmission line and permitting requirements.” The energy department indicated that it is pushing for fast-track rehabilitation of the damaged power facilities – primarily the geothermal generating facilities of Energy Development Corporation (EDC) and the transmission facilities under the charge of the National Grid Corporation of the Philippines. “The DoE has a 10-day timeline to restore power supply,” has been the marching order set out by Energy Secretary Alfonso G. Cusi, while emphasizing that “the people are working double time to repair necessary energy facilities.”
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE REGIONAL TRIAL COURT SHERIFF
NOTICE OF EXTRA-JUDICIAL SALE File No. 226-2017 Upon Extra-Judicial petition for sale under Act 3135 as amended by Act 4118, filed by HOME DEVELOPMENT MUTUAL FUND (Pagibig Fund) with Branch office address at Pag-ibig Fund Bldg. J.R. BoIja St., Cagayan de Oro City, represented by its Dept. Manager Reynaldo P. Cue. against SANTIAGO G. GALLANA married to DOREZA A. GALLANA, both of legal age, Filipino citizen, with resident of P-1, Mercado Avenue, Barangay 23, Gingoog City, Misamis Oriental, to satisfy the Mortgage indebtedness which as of March 8, 2017, have amounted to NINE HUNDRED SIXTEEN THOUSAND FIVE HUNDRED SEVENTY FIVE PESOS PESOS AND 98/100 (P 916,575.87) Philippine Currency, inclusive of interest and penalty charges as of March 8, 2017, excluding foreclosure expenses and other monetary obligation. The undersigned Sheriff will sell at Public Auction on September 4, 2017, to the highest bidder for CASH at 9:00 o’clock in the morning to 4 o’clock in the afternoon at the Office of the Clerk of Court, Branch 43, Regional Trial Court. Dugenio St., Gingoog City, the foIlowing properties with the improvements existing thereon, to wit:
since the baby in the mother’s womb would already be defined as not human yet, or that it is just a bunch of tissues.
NOTICE OF EXTRA JUDICIAL SALE EJF File No. 2017-183 Upon Extra-Judicial Petition for Sale under Act No. 3135 as amended by Act No. 4118, filed by NATIONAL HOME MORTGAGE FINANCE CORPORATION (NHMFC), as Mortgagee/s, against PRIMIOLINDO ALBA JAMPAS married to VIRGINIA T. JAMPAS as mortgagor/s, with postal address at Youngsville Subdivision Ph. 1, Lot 27, Block 33, Narulang, Igpit, Opol, Misamis Oriental, to satisfy the mortgage indebtedness which as 04/30/2016, amounted to Php633,215.12, undersigned Sheriff will sell at public auction on July 27, 2017 at 10:00 in the morning to 4:00 in the afternoon, at the Office of the Clerk of Court, Regional Trial Court, City Tourism Hall, Cagayan de Oro City, to the highest bidder, for cash or manager’s check and in Philippine Currency, the following property described below, to wit: TCT No. T-170319-24 “A PARCEL OF LAND (Lot 27, Block 33, of the Cons. Subd. Plan, PCS-10001089, being a portion of Lot 3507-B to E (LRC), PSD-211999), situated in the Barangay of Igpit, Municipality of Opol, Province of Misamis Oriental, Island of Mindanao, containing an area of One Hundred (100) sq. m. more or less.xxx All sealed bids must be submitted to the undersigned on the aboved stated time and date. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title herein-above described and encumbrances thereon, if any there be. Done this 19th day of June, 2017 in the City of Cagayan de Oro.
(Sgd.) ENRIQUE M. TALAG, JR Sheriff IV
BWM: July 7, 14 & 21, 2017
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Thu-fri|july 13-14, 2017