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Friday | July 15, 2016

CAGAYAN de Oro City vice mayor took part in the 2016 International Conference on Urban Development: Accelerating Resilience and Inclusive Growth, which kicked off on July 12 in Manila. The conference is organized by the United States Agency for International Development (USAID), through its Strengthening Urban Resilience for Growth with Equity (SURGE) project in partnership with the United Nations-Habitat, World Bank, National Competitiveness Council, and the Department of the Interior and Local Government (DILG). Vice Mayor Raineir Joaquin V. Uy expressed interest in topics such as Community Participation and Urban Development, and Public-Private Partnership, among others, to further equip him in his desire to effectively serve the city’s constituents.

Contractualization TAGUM City -- The People Management Association of the Philippines (PMAP) will conduct a Mindanao symposium in Tagum City on Saturday (July 16) to discuss the management position on contractualization. PMAP Davao Chapter President Rachel Pacaydi-Guinan said in an interview that the PMAP Mindanao Symposium will be held at Big 8 Corporate Hotel from 8:00 a.m. to 5:00 p.m. to gather the managers and proprietors of business establishments all over Mindanao.

P15.00

Power firms seek relief in payment of past dues www.businessweekmindanao.com

By MYRNA VELASCO, Contributor

OR it not to impede the establishment of a viable Wholesale Electricity Spot Market (WESM) in Mindanao, Aboitiz Power Corporation has indicated that they are willing to discuss with government “staggered payment arrangements” on the dues still outstanding from the defunct interim spot market in the grid. Aboitiz Power Chief Executive Erramon I. Aboitiz said, “as more plants start coming in, it (WESM) is going to be a requirement. I am not saying forget the debts

HYDRO PROJECT. Workers at work to build the P13-billion Hedcor run-of-river hydro projects in Manolo Fortich, Bukidnon. The two projects will generate 68.8 megawatts of electricity and expected to be finished by 2017. MindaNews photo by Froilan Gallardo

Rains delay P13-B hydro projects in Bukidnon By FROILAN GALLARDO, MindaNews

MANOLO FORTICH, BUKIDNON -- Construction of the P13-billion twin hydroelectric projects of Hedcor, Inc. is being delayed due to geological conditions an d c ont i nu ou s r ai ns ,

company officials said on Tuesday. G r e g o r i o Ja b o n i l l a , Hedcor vice-president for business development, told reporters that the two runof-river hydro projects have

already been delayed for 110 days when their workers encountered problems at their work site in this municipality. “O u r worke rs are encountering soft rock during our excavation work. The sides of the mountain keep delay/PAGE 11

of the past, but I’m saying, it should not be a hindrance.” He added “the debt is one thing, but I don’t think that should stop WESM from relief/PAGE 11

P1B investments poured into surfing capital in 2016 By ROEL CATOTO, MindaNews

GENERAL LUNA, Siargao Island -- More than one billion pesos in investments is being poured into this municipality in Siargao Island known as the “surfing capital of the Philippines.” Mayor Jaime P. Rusillon told MindaNews on Tuesday that these are mostly tourismrelated businesses. He said one of the big ticket investments this

year is the construction of a wakeboarding facility. “There is a corporation that purchased a large property early this year and they are set for the construction of the wakeboarding sports facility,” the mayor said, adding that he recently issued permit so the firm can start construction. Wakeboarding is a sport wherein one rides a board poured/PAGE 11

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Economy

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Some reminders Sell mandatory products with Offload: to air passengers PS or ICC mark, retailers urged ILIGAN City -- Department of Trade and Industry (DTI)– Lanao del Norte Provincial Office has urged retailers in Iligan and nearby towns to sell mandatory products only with authentic PS or ICC mark. “DTI regulates consumer products for their reliability and safety. And in assuring that mandatory products are safe to use by consumers, these goods must comply and pass the requirements of the Philippine National

Standards (PNS) such as the Philippine Standard (PS) or Import Commodity Clearance (ICC) marking and label,” DTI- Lanao del Norte Provincial Director Ruel B. Paclipan said. Selling mandator y products without the required marking constitutes violation of DTI Department Administrative Order 02 series of 2007 - Defining the Responsibilities and Liabilities of Manufacturers, I m p o r t e r s , Tr a d e r s ,

Wholesalers, Distributors, Retailers, Service Providers and or their Agents, with Regard to Products/Services C overe d by Phi lippine Standard Certification Mark Schemes. This includes retailing of automotive batteries, tires and lighters without valid PS or ICC mark or sticker and PS or ICC certificate. Mandator y products regulated by the Bureau of Philippine Standards (BPS) of DTI include brake

fluid, safety belt (seat belt), safety glass for automotive use, pneumatic tire, fire extinguisher, fireworks, lead-acid battery, disposable lighter, safety match, liquefied petroleum gas cylinder for household and automotive uses, inner tubes for tires, motorcycle helmet and their visors, medical grade oxygen, and, monobloc chairs and stools, cement, steel bars, electrical supplies and home appliances. products/PAGE 9

Oplan Tokhang intensified- The City Anti-Drug Abuse Council (CADAC) of Cagayan de Oro city expresses its full support to the local police’s intensified anti-drug campaign dubbed as ‘Oplan Tokhang.’ The body also vows to assist the Philippine National Police (PNP) and Philippine Drug Enforcement Agency (PDEA) in determining whether the “surrenderees” will be brought to center-based rehabilitation centers, as well as formulate measures focusing on community/family rehabilitation (guardianship).(CIO/PIA10)

IMMIGRATION reminds passengers of some guidelines to avoid offload. In de ciding w het her to allow individuals t o l e a v e t h e c o u n t r y, immigration officials refer to the “Guidelines on Departure Formalities for International Bound P a s s e n g e r s ,” s a i d immigration officer in a meeting of the Regional Law Enforcement Coordinating Committee (RLECC) in northern Mindanao. The guidelines, which were approved by the Department of Justice, was formulated in accordance with Republic Act 9208 or the Anti-Traf f icking in Persons Act of 2003, and its Implementing Rules and Regulations, Republic Act No. 8042, other wise known as the “Migrant Wo r k e r s a n d O v e r s e a s F i l ipi no s Ac t of 1 9 9 5 ,” as amended by Republic Act No. 10022 and other related laws. Under the guidelines, which provide for d e f i n it e p a r a m e t e r s i n the strict enforcement of i m m i g r at i on d e p ar tu re formalities intended for the prevention of t r af f i c k i ng i n p e r s ons , illegal recruitment, and other related offenses, the bureau will automatically subject the following to secondar y inspection: • Travelers without financial capacity to travel escorted/accompanied by a fore i g n e r w h o i s n ot related to them.

• M i n or t r av e l i n g alone or unaccompanied by either parent or legal guardian without the required travel clearance from the Department o f S o c i a l We l f a r e a n d Development (DSWD) • P r e v i o u s l y repatriated irregular workers, in which case, travel may not be allowed without the clearance from the Inter-Agency Council A g a i n s t Tr a f f i c k i n g (IACAT). • P a r t n e r s a n d spouses of foreign n at i on a l s i nt e n d i n g t o d e p a r t t o m e e t a n d / or marry his/her fiancé without the Commission on Filipino Overseas (CFO) Guidance and Counseling Certificate. • P a s s e n g e r s traveling to countries with existing deployment bans, a l e r t l e ve l s , and t r ave l advisories and those in p oss ession of a v is a to the said countries. • Pa s s e n g e r s w h o stayed abroad for more than one year during a previous departure f r o m t h e c o u nt r y a s a tourist/temporary visitor, intending to depart for the second and/or subsequent time. Based on the guidelines, travelers are categorized according to purpose, whether as tourists, OFWs, or immigrants. They will b e re qu i re d t o pre s e nt documents depending on their travel purposes to prevent being offloaded. (EOR/PIA)

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

friday|JUly 15, 2016

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New Location Think a minute…A Bank in New York City had some flowers sent to another bank that had moved to a new building. But there was a mix-up at the flower shop, and the card that was sent read: “With our deepest sympathy.” The florist was so embarrassed and apologized for her mix-up. But she felt even worse when she realized that the card to the bank was sent instead to a funeral. This card read: “Congratulations on your new location!” You can imagine the surprise of the dead person’s family when they read that card! All joking aside. You know that’s actually an accurate way to describe what happens when we die. While we’re alive on this earth, our body is just our temporary house. Doctors say that after we reach the age of about 20 years old, our body begins to deteriorate and slowly die. Our hair turning gray and thin, wrinkles in our skin, and many other changes in our body are all signs that our aging house is falling down. No one escapes this fact of life! All joking aside. You know that’s actually an accurate way to describe what happens when we die.

THINK

A Minute

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The Fore-Most Horse in a Team Are you a guide, a commander or a conductor? Are you a leader, who knows how to play the first card in the team? Do you know how to direct, to persuade or to precede? Yes, is change is really coming in the Philippines. Our new leaders seem to be on the right way. I found a ver y nice quotation shared by Dr. John C. Maxwell, the leading authority on leadership, who says, “A leader is one who knows the way, goes the way and shows the way!” “Nearly all men can withstand adversity. If you truly want to test a man’s character, give him power”, stressed already Abraham Lincoln. Character is what you are doing in the dark. By the way, nowadays, I wouldn’t only mention “men” alone when it comes to leadership. There are innumerable women holding their own.

Remember and look around: in the past and at present one can observe someone at any corner offering us to lead our way. Politicians compete for our vote of confidence. Athletes and entertainers show us their pictures of success. A lot of different religious leaders pledge, promise and bind in flock gathering. Well, what are some of the traits that a great leader must have or develop character? Is character really enough? How about integrity? Are you, my dear reader, a leader? Is what you are saying AND DOING, the same? Are your followers wholeheartedly convinced of your integrity? Albert Einstein, one of my favorite idols had said, “Whoever is careless with the truth in small matters cannot be trusted with the important matters!” L e a d e rs i n p ol it i c s ,

leaders in clergy, leaders in business - many have been lacking this specific trait in the past, because, after all, what they said is not what they did. A leader is someone with character, integrity, discipline, and the ability to influence others in a positive way. A leader must be able to motivate his or her people around, rather than manipulate them or run away in times of difficult decisions... ! Albert Einstein claimed that he had no special abilities, only persistence. But that was enough to develop t he G e ne r a l R el at iv it y Theory. I learned from my Philippine mentor and book author (German-Philippine Relations), the late Monsignor Professor Dr. Hermogenes E. Bacareza already during the 1980’s: “It’s important to become your own best friend. Be your own coach.

H ave M y Say

Klaus Doring

Take to your inner self as if if you were talking to another person you care deeply about. And, pray!” +++ Comments, suggestions, questions? Email me: doringklaus@gmail.com or follow me in Facebook or Twitter or visit one of websites www. germanexpatinthephilippines.blogspot.com or www. klausdoringsclassicalmusic. blogspot.com .

Leni’s attack on Duterte gov’t raises eyebrows LIFE’S INSPIRATIONS: “… Ezra, the priest… faced the square just inside the Water Gate from early morning until noon and read aloud to ever yone who could understand. All the people listened closely to the Book of the Law…” (Nehemiah 8:2-3, the Holy Bible, NLT). -ooo LENI’S ATTACK ON DUTERTE GOV’T RAISES EYEBROWS: Newspapers and other media outlets carried an item on July 13, 2016 which featured Vice President Leni Robredo assailing what she said was a “growing culture of vigilantism and violence” under the Duterte government which, just the other week, accepted her as a member of President Duterte’s official family as the secretary of the Housing and Urban Development C o o r d i n at i n g C o u n c i l

(HUDCC). Maybe because of the jubilation brought about by the decision of the United Nations Arbitral Tribunal upholding our country’s right to the South China S e a as against C hina’s encroachments in the area, the grave implication of Leni’s statement, released by her office officially to the media to make sure it gets the desired exposure, appeared to have been glossed over or unrealized by many. Yet, there were many, however, who raised their e y e b r o w s w i t h L e n i ’s statement: was it not an attack against the very government that finally agreed to give her a Cabinet post even if there was no duty on the part of Duterte to give her any position? Was it not treachery to a government that gave her gracious accommodation

just a few days earlier? Could she not have just talked to Duterte in private about it, in the first place? -ooo WOMEN-PARAMOURS CAN BE LIABLE FOR VIOLENCE VS. WOMEN, TOO: What, if any, is the liability of a woman who agrees to be the paramour of a married man? This is the question of Dionisia P., who said her husband suddenly became violent towards her and their children, refusing even to provide for their daily sustenance after entering into a relationship with another woman. This is an interesting question, but I am of the view that Republic Act 9262, or the Anti-Violence Against Women and Children Act, already has an answer: the woman lover of the married man---and even her own

K akampi

Mo A ng Batas

Atty. Batas Mauricio parents or children or friends who help her pursue her relationship with the man--could also be liable for imprisonment of up to 20 years under this law. My reason is that, like any other crime, violence against women and children is an offense that can be committed by several persons at the same time, if they all conspired, by batas/PAGE 9

The thrill of the mystery Jhan Tiafau Hurst While we’re alive on this earth, our body is just our temporary house. Doctors say that after we reach the age of about 20 years old, our body begins to deteriorate and slowly die. Our hair turning gray and thin, wrinkles in our skin, and many other changes in our body are all signs that our aging house is falling down. No one escapes this fact of life! However, we have a soul that never dies, so when our body dies we just change locations. And our next location is not just for 70 years, it’s our permanent home—forever. Jesus Christ said that there are only 2 locations that we can live in after we die: heaven or hell. Fortunately, the choice hurst/PAGE 9

This is not about the books and the movies that are called mystery thrillers. No matter how inventive and suspenseful, these are poor copies of what can take place when one manages to pray at the level of meditation and contemplation. T h e r e’s s o m e t h i n g distinctive and unique in these moments of intimate prayer and conversation with God. One becomes aware he is not simply thinking or imagining and inventing. He gets engaged not only with an idea or a topic and is developing it. He enters into a loving dialogue with a being at once so close and yet so far, both known and familiar and yet shrouded in pathless mystery. He knows he’s in contact with someone, and yet the contact is ethereal and elusive. He also knows he is not just being tricked by his own mind or is engaging in

solipsism. How does he know it? That again is a mystery hard to explain. But if ever one is pressed to answer that question, he will just invoke the full weight of his conscience to prove it. It’s simply beyond regular human ways of verification, but the signs are all there, visible also to those who have faith. But there’s profound peace. It’s always there even if the considerations involve painful and sorrowful thoughts. This peace does not disappear even if one is shown a free range of things that can include unpleasant items in the human or natural sense. The mind, or better said, the soul seems to travel, not so much of its own accord as of its being led and shown. One knows he is not just dreaming. He is seeing and hearing things. He knows he is talking, or

better still, he is simply with someone. The experience beggars description. Words are completely inadequate. Aside from peace, an indescribable joy and tenderness soak his consciousness. And there’s love too. One is always moved to react, reciprocate and correspond. He does not come out of it simply knowing something. He glows, is transformed and filled with desires to do something with God, with others and with himself. A mysterious bonding takes place. This experience, if really true, makes a person humble rather than proud, willing to suffer and undertake heroic deeds rather than merely enjoying the privilege. It launches him into an adventure of love that involves everything. A certain fear of God grips him, but a fear that makes

HINTS

and

Traces

Fr. Roy Cimagala him fearless in his actions. This was the example of St. Paul and of many other saints and holy men and women down the ages. In the case of St. Paul, this was how he described it: “I know a man in Christ above fourteen years ago (whether in the body, I know not, or out of the body, I know not. God knows), such a one caught up to the third heaven... cimagala/PAGE 9

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Banking&Finance

Security Bank sees another record profit this year SECURITY Bank expects net income this year to top 2015’s record P7.7 billion, fueled by higher demand for loans, President and CEO Alfonso Salcedo told Bloomberg TV Philippines. “We are optimistic that we’ll be able to beat last year’s net income,” Salcedo said at the sidelines of the bank’s 65th year anniversary c e l e b r a t i o n l a s t n i g ht (Wednesday). “So far so good. Hopefully, we will

be able to register record profits again.” Loans may rise as much as 30 percent this year, outpacing the industry, as the bank is going after Japanese employees in the country following a 20-percent stake sale to Japan’s Mitsubishi UFJ Financial Group earlier this year worth P36.9 billion. The surging economy driven by remittances from Filipinos working overseas profit/PAGE 9

friday|JUly 15, 2016

Monetary policy settings are fine despite cuts in growth targets , BSP says

onetary policy settings remain appropriate, despite the cut in growth t ar g e t s an n ou n c e d by economic managers last week, according to Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. Even with the lower GDP targets, the pace at which consumer prices will rise

remain within BSP’s 2 to 4-percent forecast, while mone y supply re mains s u p p o r t i v e o f g row t h , Tetangco said. Added the BSP chief: “ The policy thrust of the Bangko Sentral does not have to change in a significant way because the basic objective of providing enough liquidity is there and inflation continues to

be at a very manageable level, that’s why we’ve always characterized monetar y policy stance as appropriate.” He said the moves that monetary authorities have taken, and the policies implemented, “have so far been successful.” Inflation “continues to be low, currently below target, but we project it to move up gradually towards the lower

end of the target range this year and basically the middle of the target range for next year,” said Tetangco. The central bank has kept overnight borrowing and lending rates steady since October 2014, but last month it adopted an interest rate corridor system, so short-term market rates will better reflect key policy rates.

BSP, PCHC sign pact for faster electronic cheque clearing IT will not be long before people who transact using cheques need not wait for three or more days to get their funds. This, after the Bangko Sentral ng Pilipinas (BSP) and the Philippine Clearing House Corp.(PCHC) signed Tuesday a memorandum o f a g r e e m e n t ( M OA ) operationalizing the Check Image Clearing System (CICS). BSP Deputy Governor

Vicente S. Aquino dubbed as “momentous” the signing of the MOA since it paved the way for the use of truncation technolog y, which fasttracks the processes to enable the fund beneficiary to get his money the next day eventually. “The Philippines will now be at par with other countries that have successfully implemented cheque truncation system,” he said.

PCHC chairman Abraham T. Co said the new system provides enhanced security for cheques through watermark on logos and the design pattern. He said the new system would use technology for faster cheque clearing. BSP Governor Amando M. Tetangco Jr., in his speech during the MOA signing, s ai d t h i s d e v e l opm e nt in cheque payments and settlement system was a

big help since it was an important factor on financial stability and the dynamic and growing economy. “This is a pillar of business operations that fuels the network of transactions in the real economy. Absent this pillar, stakeholders are literally forced into bilateral means of settlement which take different forms across different counterparties,” he said. The central bank chief

disclosed that PCHC processes about 700,000 cheques daily, with average value of P135 billion. Wi t h t h i s v o l u m e , Tetangco said that one can see that people still rely on cash and cheque payments, which is also proven by the 2014 study by Better Than Cash Alliance that shows that only one percent of monthly transactions in the domestic economy are done electronically.

“A t a t i m e w h e n technolog y has become s c a l a b l e , p or t a b l e a n d affordable, this apparent reluctance to parlay the benefits of technology can only translate to further inefficiencies via foregone opportunities,” he said. Tetangco said the bank would continue to work with industry stakeholders to promote modernization in the payment system, among others.

N HOTEL brightens Northern Mindanao Tourism Industry with accredited three stars By Angelo Lorenzo

The Department of Tourism Region 10 (DOT-10) granted three stars to N HOTEL based on its accreditation of accommodation establishments. In a shor t awarding ceremony at the said hotel on Mond ay ( Ju ly 11, 2016), DOT-10 Senior To u r i s m O p e r a t i o n s O f f i c e r, Jo s e p h i n e H . R o qu e an nou nc e d t hat the accreditation was due to N HOTEL’s compliance in all the requirements as prescribed in the classification. Classification standards range between one to five stars which is applicable to hotels & resorts. The number of stars will be given according to “higher

service & facility quality, facility condition and improved business practices like environmental management”. The scores that determine the number of stars are based on the star grading system ranging from 215 to 1,000. O ver all, N Hotel garnered 773 out of 1,000 points, enough to receive four stars. However, the need to have a specialty restaurant has yet to be met. N Hotel is the FIRST and the MOST QUALIFIED tourism establishment in Cagayan de Oro, as well as Northern Mindanao, as far as star qualification is concerned. “This is going to be the first in Northern Mindanao,” Roque proudly stated before handing the

XCCA unveils ‘Angat sa Sining Reloaded’ shows The performing arts companies (Dulaang Atenista, XU Glee Club, XU Cultural Dance Troupe, The Xavier Stage, and Xavier Philharmonia) of Xavier Center for Culture and the Arts (XCCA) will present “Angat sa Sining Reloaded” for this year’s university organizational tour dubbed “Festival of Heroes” on July 19-26. This production forms part of XCCA’s

formation and art appreciation targets through its Artistic Excellence: Music, Dance, and Drama Programs. The center is inviting everyone to watch the presentations of the five XU orgs at the XU Little Theater. Admission is free. For inquiries, you may contact Oya Magrina of XCCA through (088) 8583116 local 2059.

plaque of recognition and certificate to N HOTEL’s General Manager, Filame C. Saniel. “We may b e a t hre e star hotel, but our service amounts to five star,” Saniel quipped. She also expressed N Hotel’s reputation being the f riendliest hotel in

Northern Mindanao for Persons With Disabilities (PWD), with three rooms suitable for them among the total 64. The awarding also took place in the presence of DOT-10 Regional Director Catalino E. Chan, III, along with N Hotel’s supervisors

, staff and guests. Located along K a u s w a g a n H i g h w a y, N Hotel is a homeg row n a c c om mo d at i on establishment in Cagayan de Oro, owned by Bonne Business Corporation. A consistent awardee of the Certificate of Excellence

and among the highest rated hotels in the city based on reviews on TripAdvisor, the largest online travel site in the world. It is als o an awardee as the Most Outstanding Business Leadership-Hotel Category in Mindanao in 2015 by Mindanao Businessweek.

friday|JUly 15, 2016

CivicAction

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

Cobra Ironman 70.3 Asia-Pacific draws Elite International Athletes Close to 3,000 participants from 43 countries, led by very strong lineup of pros, will converge in Cebu on August 7, 2016 for the Cobra Energy Drink Ironman 70.3 Asia Pacific Championships presented by Ford at Shangri-La Mactan Resort and Spa. Titleholders Tim Reed and Caroline Steffen will banner a world-class field of 35 professional triathletes that will also feature 2,869 equally determined competitors in the Filipino elite, CEOs, age groups and relay divisions. Excitement for the prestigious event has been high since it was first announced that Cebu will be the hosting the 2016 Asia Pacific Ironman 70.3 Championship event. The event sold out 2,900 slots in 28 minutes when registration opened in October 2015. Produced and organized by Sunrise Events, Inc. and backed

Matteo Guidicelli, Domingo Ramon Enerio III,Hubert Tan,Kenneth Cobonpue, Lance Mosley, Paz Radaza, Rogelie Catacutan,Wilfred Steven Uytengsu, Mark Tolentino Jil Go Natalia Zotova & Josep.

by Cobra Energy Drink as title sponsor, the tournament will offer the biggest prize money ever in the Philippines at

CEO Triathlete Wilfred Steven Uytengsu of Sunrise Events, Organizer of Cobra Ironman 70.3 Philippines Asia Pacific Championship

$75,000 and the highest points earned. “We are truly honored to be chosen as host for the Ironman 70.3 Asia Pacific

Championship, marking the first time that this elite event is held in Asia, outside of Australia and New Zealand,” said SEI president Wilfred Uytengsu Jr. “On its 5th year in Cebu, the Province will be ready to welcome all the participants and their families with the traditional Cebuano warmth and festivities.” Atty. Mark Tolentino, Provincial Administrator of the Province of Cebu. At the same time, 50 slots to the 2017 Ironman 70.3 World Championships in Chattanooga, Tennessee will be up for grabs, giving participants extra motivation to vie for top honors. Among the celebrites expected to see action at the Cobra Energy Ironman 70.3 Asia Pacific Championship include Piolo Pascual, Matteo

Guidicelli, Paul Jake Castillo, Dingdong Dantes, Gretchen Fullido, Kim Atienza, Apl de Ap, Dyan Castillejo, Ivan Carapiet, Bubbles Paraiso, Xander Angeles, Anthony and MaricelLaxa Pangilinan, Sara Black, Gilbert Remulla and Wilfred Steven Uytengsu. World Class and Renowned Filipino industrial designer Kenneth Cobonpue will once again be crafting the beautiful medals and trophies for the winners. The event will be aired for the first time via live streaming in 120 countries to over 2 million viewers on www.ironman. com courtesy of Globe Telecoms. The event presented by Ford, Globe Telecom, Philippine Airlines, Summit Water, 2Go Express (official courier and logistics partner), Asics, Gatorade, Prudential

Guarantee, Oakley and Timex and Mactan Resort and Spa, in support of the Department of Tourism, Tourism Promotions Board, Cebu Province, Lapu-Lapu City, Cebu City, Mandaue City, and Talisay City. Other sponsors include, Alaska, David’s Salon, Intercare, Gu Gel, Kenneth Cobonpue, Megaworld Mactan Newtown, Sun Life Financial, and TYR. Media partners are The Philippine Star, ABSCBN Sports+Action, TriLife Magazine, AsiaTri, Finisher Pix, and Xurpas as technology partner. Official hotels for the Cobra Iron Man 70.3 are Shangri-La Mactan Resort and Spa, Be Resorts Mactan, Crimson Resort and Spa Mactan, Waterfront Hotel and Casino Mactan, Movenpick Hotel Mactan Island Cebu. Official registration partner is Active Network.

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CorporateWorld

Anflocor ecozone seeking to attract locators from overseas By CARMELITO Q. FRANCISCO, Correspondent

AVAO CITY -- Anflo Management and Investment Corp. (Anflocor) has started building 14 warehouses for locators in its Anflo Industrial Estate (AIE) and is looking to attract more foreign companies into the 63-hectare facility in Panabo City. “We want this project to AIE, recently completed its be attractive both for local first warehouse contracted and international investors. to Del Monte Fresh Produce, We want to provide the local (Phils.) Inc. investors the necessar y Mr. Lagdameo said they infrastructure... allowing spent about P22 million them to export efficiently due for the 2,000-square meter to the ecozone’s proximity warehouse, which will be to the international port,” used by Del Monte solely for said Ricardo Luis Mateo F. storage. Lagdameo, vice-president of “Some of the ones we are Anflocor subsidiary Damosa talking to now are making specifications. So the cost [of Land, Inc. (DLI). T h e a d j a c e nt p o r t , building a warehouse] may the Davao International go up and down,” he added, Container Terminal, is also noting that other locators are planning to use their site an Anflocor subsidiary. DLI, which operates the for production apart from

warehousing. Mr. Lagdameo said the contracts also vary between leasing and buying space at the facility accredited by the Philippine Economic Zone Authority (PEZA). On international locators, the DLI official told BusinessWorld there have been inquiries from foreign companies increased after the election of President Rodrigro R. Duterte, the country’s first president from Mindanao and former mayor of Davao City. “We want to promote Mindanao and we want to promote the Davao Region because this is where our heart is... When we try to develop a meaningful project in a province, we don’t look at it as only one type of industry. We

want to look at it holistically and Region 11 is very wellpositioned for different types of investments,” he said. Me a n w h i l e , D L I i s continuously expanding its real estate ventures in the region with a plan to launch within the year a mixed-use complex in the Island Garden City of Samal. Mr. Lagdameo said the company is still working out the details of the project, which will include a tourism component. A n f l o c or ow n s a n d operates the Pearl Farm Resort in Samal. DLI has two ongoing re s i d e nt i a l proj e c t s i n Davao City: a six-building condominium complex and a seven-hectare high-end subdivision.

friday|JUly 15, 2016

RESORTS, HOTEL & RESTAURANTS DIRECTORIES

A PUBLIC SERVICE BY:

BusinessWeek MINDANAO Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

Algen’s Dive Resort (088) 3872015 Apple Tree Resort & Hotel 735411 / 754525 Fax: 754497 0917-7144040 / 0923-3269366 / 0939-9076948 Bahay Bakasyunan sa Camiguin (088) 3871057 / 3870131 Fax: 3870278 Basamanggas Resort 08822-760564 Fax: 760565

from AirAsia Group affiliates. AirAsia also flew in an Airbus A320 with special Skytrax livery to commemorate its eighth straight win in the World’s Best Low-Cost Airline category. AirAsia is Asia’s largest low-cost carrier by passengers carried and by jet fleet. It comprises short-haul affiliates AirAsia Berhad (airline code AK), Indonesia AirAsia (QZ), Thai AirAsia (FD), Philippines AirAsia (Z2) and AirAsia India (I5), and long-haul affiliates AirAsia X (D7), Thai AirAsia X (XJ), and Indonesia AirAsia X (XT). A pioneer in travel and technology, AirAsia offers a wide range of innovative products such as mobile app, extensive self-service options, inflight wifi, interactive travel guides, premium coffee, scrumptious inflight meals, online duty-free shopping,

Premium Flex ,and Fly-Thru. Fly-Thru allows guests to seamlessly connect to anywhere within AirAsia’s wide network with just one stop at Kuala Lumpur, Malaysia – Asia’s low-cost carrier hub – and other transit hubs in Thailand and Indonesia, without having to pass through immigration and with their baggage checked through to the final destination. AirAsia operates one of the youngest fleet of Airbus A320 aircraft in the world, with an average age of 3 years across all affiliates, with firm orders for over 300 Airbus A320neo deliveries up through 2028. In addition to its modern fleet, AirAsia boasts an extensive route network to over 100 destinations in Asia Pacific, including some 60 unique routes in the ASEAN region, and unmatched flight frequencies.

THE ABOITIZ power group is keen on participating in auctions for the remaining power generation assets that the government is planning to privatize within the next three years, its top official said on Wednesday. “We always are interested in power assets that will be privatized. I guess we’ll see what the new administration will do with those assets,” said Erramon I. Aboitiz, president and chief executive officer of Aboitiz Equity Ventures, Inc. (AEV) told reporters at the end of the BusinessWorld Economic Forum at ShangriLa at the Fort, Bonifacio Global City in Taguig City on Wednesday night. “We’d like to look at whatever they send out,” he said. “Agus, Pulangi, CBK [Caliraya-B otocan aboitiz/PAGE 9

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The VIP Hotel 726080 / 8562505 Fax: 726441

Casa Isabella (088) 8564065 Casa Azucena 8563402 / 09236593973 Chali Beach Resort 732840 / 8552108 Fax: 8555941

RED PLANET 8800888/8801306

Chananthon Bed & Breakfast 8568189 / 3093095

Villa Paraiso Apartelle 3870419 Fax: 3870429

Country Village Hotel 8583004-06 Fax: 8583006

HONORARY MEMBERS: Dept. of Tourism 723696/726394 / 8564048 Fax: 723696 RESTAURANTS: Bigby’s Café 72-1071/857-5511/8575836 Fax: 711843

Duka Bay Resort (088) 3312290 Fax: 725265

FARNBOROUGH, United Kingdom - AirAsia has been named the World’s Best LowCost Airline and Asia’s Best Low-Cost Airline for the eighth year running at the 2016 Skytrax World Airline Awards held at the Farnborough International Airshow, the low-cost airline company said in a news release. Dubbed the “Oscars of the Aviation Industry,” the Skytrax Awards are the global benchmark of airline excellence with over 19 million customer surveys completed worldwide by more than 104 nationalities, measuring standards across 41 key performance indicators of an airline’s frontline products and services. AirAsia Group CEO Tony Fernandes and AirAsia Berhad CEO Aireen Omar were present to receive the awards, along with CEOs

Seda Centrio Hotel 32288888

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auctions

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

Stargate Dream Vacation Resort 8515003 / 8509999

Dahilayan Forest Park 8568562 to 63 De Luxe Hotel 8572144 / 724548 Fax: 724563

AirAsia continues Skytrax 8-year Aboitiz keen on plant awards-winning streak

Philtown Hotel 726295 / 8564402 Fax: 723104 Pryce Plaza Hotel 8583131 Fax: 726687

Cagayan Riverview Inn 8584245 / 729039 Fax: 8584245

D’Budgetel 8564200/726643 Fax: 8564300

AirAsia awarded with the World’s Best Low-Cost Airline Award by Skytrax for 8th year in a row, while AirAsia X clinches the World’s Best Low-Cost Airline Premium Cabin and Premium Cabin Seat for the 4th consecutive year. CONTRIBUTED PHOTO

Dynasty Court Hotel 8574802 Fax: 857900 Grand City Hotel 8571900 / 728469 Fax: 723718 Hotel Conchita 8563856 / 727355 Fax: 8563857 Hotel Koresco 8589749-50 Fax: 8589748 Hotel Sogo 8520383 Kingston Lodge 8585696 Fax: 8585696

Travelers Pod 8518988 Uptown Condotel 8511800

Café Laguna 8582999 Fax: 8567001 DM Villaruy Restaurant 733790 Golden Ajirang I 856-5271 Fax: 727876 Grand Caprice Restaurant 72-6955/856-2302 Fax: 72-4986 Kagay-anon Restaurant 728958 / 8563688 Fax: 8563843 / 729003 La Ilongga Restaurant 72-6183 / 857-3652 Fax: 72-4605 Missy Bon Bon 8566852 / 09228606442 Fax: 8566852

Mapawa Natures Park 8584402 Fax: 725265

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Maxandrea Hotel 8572244/729943 Fax: 724090

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B illboard 8 Bill to exempt startups from taxes on first two years – Senator Bam Aquino Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

friday|JUly 15, 2016

peaking in the Cebu press launch of the upcoming Geeks on a Beach (GOAB) international tech conference, Senator Paolo Benigno “Bam” Aquino IV announced that he is refiling a bill exempting startups from taxes on their first two years of operation. Senator Bam Aquino has consistently shown support to startups or innovation-driven enterprises based on apps, saying proper support for the homegrown startup community may yet produce the next Facebook or Twitter. “The bill encourages the growth of more Filipino startups by giving them enough time to stand on their own. This reaffirms the government’s recognition of the importance of startups and commitment to innovation,” said Senator Bam Aquino. Filed by Senator Bam Aquino last May 7, 2014 as Senate Bill 2217, the Startup Business Bill which was not made into law in the previous congress will be refiled by the senator after the opening of the 17th Congress later this month. He will also be giving a keynote speech during the fourth GOAB, a one of a kind conference that combines the latest tech

development with a fun environment which will be held in Bellevue Hotel in Panglao, Bohol this August 25-26, 2016. TechTalks.ph founder and GOAB lead organizer Tina Amper said getting the Startup Business Bill declared into law will be a superb follow up to the passing of the law creating the Department of Information and Communication Technology (DICT) last May. “The startup community is happy to have found a champion in the Philippine senate in the person of Senator Bam Aquino. We express our support to his endeavors that build towards the provision of adequate state support for startups,” said Amper.

Since startups are designed to grow very fast, she explains the senator’s proposed measure cutting back taxes would remove one more barrier to faster growth of local startups. While there is a lot more work to do, this may also bring in more venture capitalists and foreign direct investments in the industry. “It’s a great help for startups if they no longer pay taxes for its first two years. This landmark legislation that will not only create a favorable business atmosphere for the spawning of new startups but also inspire more growth in the country,” added David Overton, CEO of Sym. ph and Chief Geek of GOAB.

Both Amper and Overton expressed optimism that building the local startup ecosystem can seize the new opportunities opened up by the hi-tech revolution and ultimately bring in more jobs and stimulate the entire economy in general. Global internet users have surpassed the 3 billion mark or 42 percent of the world’s population while the Asia-Pacific region remains the largest smartphone market with 52 percent of all the world’s users, according to the Internet Trends 2016 Code Conference. GOAB is organized by TechTalks.ph, coorganized by Department of Information and Communications

Technology (DICT) and co-presented by PLDT SME Nation, Ideaspace and SmartDevNet. GOAB is held in partnership with HappyGaraje, Sym. ph, and PR Works. This year’s Silver Sponsors are Zalora, Mynimo, Teradoor, and PouchNation while Bronze Sponsors are A Space, Yoyo Holdings, Payoneer, Eurekloud, USAID-STRIDE, US Embassy, Launchgarage, and StarTechUp Inc. GOAB organizational partners are Philippines Software Industry Association, National ICT Confederation of the Philippines., UP CebuInit.org, CedFIT. org, Game Developers Association of the Philippines, Digital

Commerce Association of the Philippines, Developers Connect, STAC Silicon Valley and GoNegosyo. Media partners are Auza.Net, Tech in Asia, Geeks in Cambodia, Hubnob. tv, InnoPub Media, Mytechisland.com, Zerothreetwo.com, Jumpstart Magazine, Mobile Ecosystem Forum, Asian Journal Publications, Balikbayan Magazine, Innovation is Everywhere, e27, Newsdesk Asia, and WazzupPilipinas. For more information, to sponsor or purchase tickets for GOAB, visit, www.GeeksOnABeach. com; or contact Hello@ GeeksOnABeach.com. Facebook: Geeks On A Beach and Twitter @ GeeksOnABeach.

James Reid for Parisian at The SM Store Get a chance to spend an afternoon with James Reid!!!

WHO CAN JOIN? - Female, 13-35 years old nationwide -Purchased at least one (1) pair of Parisian Shoes and/or Parisian Bag HOW TO JOIN? - A single receipt transaction of any regular-priced items from Parisian Shoes and/or Bags at The SM Store entitles customer to one unique promo code / entry. a. Valid receipts are from July 1 to 24, 2016 - Present tape receipt and claim stub at the redemption booth to claim unique promo code coupon located at Ladies Shoes Department of The SM Store. - Sign the promo code acknowledgement form. - Promo codes should be claimed in the store of purchase only from July 1 to 24, 2016. - Log on to www.SMParisian.com and click on the "Chill with James Reid" tab. - To register, sign in via Facebook or fill-out application form. - Upload an OOTD (Outfit Of The Day) featuring purchased Parisian Shoes and/or Bag and input the unique promo code. - The same login account (same email of Facebook account) maysubmit multiple entries with different unique codes per entry. - There shall be four (4) Grand winners, one (1) People's Choice Winner, five (5) Runner-up winners, and ten (10) Consolation prize winners, for a total of 20 winners. - OOTD photo with the most votes will automatically win the People's Choice Award and will get the same prizes as the Grand Winners. SUBMISSION OF ENTRIES July 1 (10:00 am) to July 24 (11:59pm)

VOTING PERIOD July 25 (12:00am to July 31 (11:59pm)

For more information log on to www.SMParisian.com NOW! #TheSMStoreCDO

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friday|JUly 15, 2016

Products... from page 2

This urgency prompted following the filing of formal charges by DTI against nine establishments in Quezon City for allegedly selling automotive batteries, tires and lighters without the required markings and labels. In a statement published in a national newspaper on 08 July 2016, the DTI reported that it confiscated over 100 pieces of lead-acid automotive batteries and pneumatic tires worth P552,762 from Mercury Battery Industries Inc; Four L’s Corp; Tyrepro Banawe Inc; Jawe Marketing; Kar Motion Tires, Batteries and Accessories; MJM Auto Care Center; LP Herrera Tire Supply, and Trade.com.ph in Quezon City. Penalties and sanctions in violation of DAO 02:2007 include cease and desist order, confiscation/destruction of goods, and administrative fine of not more than P300,000. (Angelo A. Devero, STIDSDTI/PIA-10 LDN)

Batas... from page 4

their acts or behavior, towards the accomplishment of the criminal purpose. Since an adulterous relationship can be carried out only by a man and a woman, the woman should be equally liable and, if she is aided by others in the illicit relationship, all of them should be held liable, too. -ooo FIFTH BIBLICAL PROOF: BIBLE READING FROM DAYBREAK: Today, let me tackle the fifth proof which members of the Anak ng Diyos Kadugo Ni Kristo (or AND KNK, Children of God Blood Kin of the Christ) Church believe is offered by Bible attesting to the Biblical basis of the AND KNK. This

pertains to the manner by which the Church carries out its praise and worship services. Even from the initial stages of its organization in the Philippines, the AND KNK had been engaged in the reading of the Bible from daybreak until noontime. This was something that, at first, was resorted to by the Church because of the desire of its leaders to finish their praise and worship early in the morning too---early to start, early to finish, or so it appeared. Yet, as AND KNK leaders studied the Bible more carefully, they found out that even the earliest believers (who were not even called Christians at that point) already had the practice of gathering very early in the morning, and then reading the Scriptures from daybreak until noontime. This account could be found in Nehemiah 8:3, and it confirms what true believers should be doing with their praise and worship services. Praise God! -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 HOURS a day, in the Philippines and the world at www.facebook.com/ angtangingdaan or www. facebook.com/ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

Hurst... from page 4

is ours to make now while we’re still in this temporary location. If we choose heaven, then all we need to do is ask Jesus for His gift of forgiveness for living our

own way. Then, ask Him to take charge of our new life so we can start living His right way every day for the rest of our life in this location, as well as forever with Him in our permanent location. So if your life ended today, do you know where you would relocate? Just Think a Minute…

Cimagala...

from page 4 “I know such a man, that he was caught up into paradise, and heard secret words, which it is not granted to man to utter.” (2 Cor 12,24) As to the effects of this experience, St. Paul had this to say: “For such a one I will glory. But for myself I will glory nothing, but in my infirmities…And lest the greatness of the revelations should exalt me, there was given me a sting of my flesh, an angel of Satan, to buffet me... Thrice I asked the Lord, that it might depart from me. And he said: My grace is sufficient for you, for power is made perfect in infirmity. Gladly therefore will I glory in my infirmities, that the power of Christ may dwell in me.” (5-9) We have to understand that this kind of prayer is actually meant for all of us. If we correspond to God’s grace, we can do it. We cannot make any excuses, because in the first place this is what God wants and he himself enables us to have it. roycimagala@ gmail.com.

Profit... from page 5

and income from BPOs will also stimulate loan demand, he said. In the first quarter this year, the listed-lender posted a P3-billion net income,

nearly flat from a year ago level, while loans surged 20 percent during the same period to P239 billion. Deposits rose 14 percent to P282 billion. To boost lending and deposits, the bank plans to open 20 to 30 branches this year, Salcedo said. Around 70 percent of these new branches will be in the provinces, he said.

Aboitiz... from page 7

Kalayaan]... the usual ones. We’ll definitely look at it.” This comes as the Power Sector Assets and Liabilities Corp. (PSALM) announced that it was targeting to privatize next year the hydroelectric power plants along the Agus and Pulangi rivers in Mindanao. In an earlier interview, Lourdes S. Alzona, PSALM’s officer-in charge, said the hydropower plants would bring the biggest revenue for the government should it manage to sell them. The Agus hydropower complex has an installed capacity of at least 700 megawatts (MW), with the biggest coming from Agus VI in Iligan City, Lanao del Norte. The 200-MW plant has five operating units, two of which have a capacity of 25 MW each and the rest with 50 MW each. The Pulangi hydroelectric power plant in Maramag, Bukidnon has three units e ach w it h an inst a l l e d capacity of 85 MW. Ms. Alzona also cited the Caliraya-Botocan-Kalayaan power generation complex in Laguna as among the more attractive power assets. The plants have a combined capacity of around 379 MW. AEV’s investments in the energy sector are in subsidiary Aboitiz Power

Corp., which in the past has participated in the government’s privatization program. In 2007, AboitizPower unit SN Aboitiz PowerBenguet, Inc. submitted the highest bid to PSALM for the Ambuklao-Binga hydroelectric power complex, which consisted of the then 75-MW Ambuklao Plant and the formerly 140MW Binga plant. Joseph S. Yu, executive vice-president of SN Aboitiz, said in an earlier interview that should the government resume its privatization of power assets the company “will b e ver y active in p a r t i c ip at i n g i n t h o s e projects.” “We view the acquisition of these assets as one of our strategic pillars,” he said.

“CBK definitely would be very, very interesting.” Ms. Alzona said the privatization of the Mindanao assets would not be dependent on the setting up a wholesale electricity spot market (WESM) on the southern island, although this would be preferred. But Mr. Aboitiz said that with all the baseload coal-fired power plants that are coming in, Mindanao would need a spot market for electricity to be dispatched economically. “Right now, the dispatch is based on whatever your contracts are and your customer requirements. Not on economic dispatch and I think that really has to change. As more plants start coming in, it’s going to be a requirement,” he said.

BusinessW eek Feature MINDANAO

RCCV Helps Promote Maternal Health Day www.businessweekmindanao.com

s an Opening Salvo : Dakilang Ina, Ikaw Na” for the Rotary Year 2016-2017, last July 1, 2016 Rotary International District 3870 celebrated Maternal Health Promotion Day. The Maternal Health Promotion Day activity was led by the ever active District Governor Jing dela Calzadaan OBGYNE herself along with the Rotary Club of Carmen Valley (RCCV) at JR Borja Memorial City Hospital along with RID 3870 Zone 1, Cluster 2 Rotary Clubs comprising of RC West CDO, RC Bay Are3a and RC CDO East. The worthwhile Material Care Activity was initiated by AG Toni Estrella with RC Carmen Valley as his home club, as the lead club with President Susan delas Alas Lonkey, joined by RC West President Erna Garmones Maagad; RC Bay Area led by President Teng A. Austria Sazon 11 and VP Noli de la Rita; RC East CDO led by President Celso Balat. Present also was the active Rotaract Club of Carmen Valley led by President Jovelyn Quijada Lara. Governor Jing dela Calzada together with the Rotarians visited all the mother and the newly born babies at the four (4) OBGYNE Wards of JR Borja Memorial City Hospital where she delivered lectures on the importance of taking good care of the health of every mother after birth being ILAW NG MGA TAHANAN (Light of Every Home ). She emphasized the importance of spacing pregnancy to keep the mother’s health. She further said that it is very important to allow at least 3 years

Friday | July 15, 2016

By President Susan Lonkey, Sec/PAG Boc Pineda and Rtn Joe Palabao

before getting pregnant after delivering a baby again. She also reminded the mothers that having at least 3 pregnancies should be enough, as the physical body of mothers weaken every time she gives birth. Thus-it is very important to keep the mother HEALTHY! She encourages breastfeeding. After each short and meaningful lecture, the mothers who just gave birth were afforded with Jollibee Hamburgers to their delight to include the husbands and watchers. The two thousand worth Jollibee Hamburgers was through the courtesy of Massa Foundation care of Rotarian Rolando Delfin of RC West CDO. KUDOS to RC Carmen Valley for coming in full force headed by its dynamic President Susan Lonkey, Sec/PAG Ramon Luis ‘Boc’ Pineda, PP Jun Gonzales, PP Edgar Jao Rulona, PP Henry Abrillo, Rtn. Mario Cuarez, Rtn. Joe Palabao, Rtn. Shim C. Suan, Rtn. Marlyn Lynn Ybanez, Rotaract of Carmen Valey: Jovelyn Lara, Fritz Arvin Melody Comonsad PS. President Erna Maagad, Sec. Mai Arada, PAG Joey Cabuguas of RC West CDO, Rtn. Evan Burgos of RC Bay Area, and VP Noli dela Rita. Incidentally last July 2, 2016 RC Carmen Valley had their Strategic Planning Session for Rotary Year 20162017 and July 13, 2016 a well- attended and full house General Assembly of RCCV was held at the Bords Sizzling House under the baton of the All Star President Susan Lonkey. MABUHAY ANG RC CARMEN VALLEY!

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friday|JUly 15, 2016

Relief... from page 1

being implemented.” For t h i ng s to move forward, he propounded that “we need to work with government to spread that (payment) over a period of time and let’s not let something as important as WESM in Mindanao be held up.” Off-taker electric cooperatives in Mindanao s t i l l ow e s o m e p ow e r generators over P80 million in outstanding payments for capacities procured from the discontinued Interim Mindanao Electricity Market (IMEM). Aboitiz explained “with all the power plants that are coming in – baseload coal-fired plants, they need a WESM to be dispatched economically.” He emphasized “right now, the dispatch is based on whatever your contracts are to your customers’ requirements, not on economic dispatch – that really has to change.” Nevertheless, the Aboitiz Pow e r c h i e f e x e c ut i v e qualified that in the process of setting up the spot market that shall replace the IMEM, the oversights of the past should not also be missed out on – instead, the relevant stakeholders should draw critical lessons from them. Aboitiz stressed “we have to look at why it failed in Mindanao. Clearly at that time, the problem was, t here was no adequate supply, so everybody was just consuming and taking whatever power is given away and they said, no that’s not our problem, we have our contracts with NPC (National Power Corporation), so there were arguments.” He further reckoned “when we have adequate supply, adequate capacity in the system – like in Visayas and Luzon, people know who are the guys dispatching, who are responsible for what they are paying for. So I think it would be different compared to before when there was such a large shortage of capacity.” WESM operator Philippine Electricity Market Corporation (PEMC) earlier told reporters that they are developing a new roadmap for the installation of a power spot market in Mindanao.

Poured... from page 1

similar to a surfboard and performing acrobatic mane uve rs w hi l e b eing towed by a motorboat. A s i d e f r o m wakeboarding, other investments include purchases of land properties as well as building resorts and other tourism-related businesses. “I’m hoping for more capital investments in the second half of the year,” Rusillon said. He s a i d t h at i n t h e p ast fe w mont hs, more than 20 new businesses

w it h mu lt imi l lion-p es o investments have opened in the town. “Resorts and restaurants have been sprouting like mushrooms, you can v i r tu a l ly s e e t h e b o om of constructions around the town,” the mayor said. Rusillon pointed out that in the last three years, more than a billion pesos from the tourism industry have been spent every year in the municipality. General Luna’s resorts have already reached 80. The mayor noted that no other town in all of C araga Region has this much number of resorts. Rusillon said that the i nve st me nt s have g re at impact on the local economy, providing more job opportunities for residents. “It trickles down to the local economy. This means more job opportunities in the town,” he added. General Luna, known as the surfing capital of the Philippines, is considered a s t h e t o u r i s m hu b o f Caraga Region. Foreign and local tourists who have b een v i s it i ng t h e tow n f rom time to time have noticed how this island has been reshaped because of the influx of tourists. “L o c a l p e ople relie d much on fishing and co conut farming in the p ast 10 ye ars. But now [Siargao] has transformed it s e c onomy s ol i d ly on t o u r i s m ,” s a i d B r i t i s h national George Kirk. Rusillon pointed out that the farming sector has already been surpassed by the tourism industr y in terms of income generated.

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on collapsing on us,” he said. Mr. Jabonilla said the workers have to resort to time-consuming measures like constructing piles to support the soft soil formation in their work sites. He said the onset of La Niña, which brought heavy rains every afternoon, is also an additional problem. “We would have preferred stronger granite rocks to work on. At least these will not collapse and cause delays,” he said. Mr. Jabonilla, however, expressed optimism that despite the delays, the project will be completed by 2017 as scheduled. The Hedcor run-of-river hydro projects are expected to generate 68.8 megawatts of electricity. The project cuts across Guehean, Amusig and Tanaon rivers and empties into the Tagoloan river. Hedcor is a subsidiary of Aboitiz Power Corporation, a major energy player in the Philippines.

REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE EJF FILE NO. 2016-2723 Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118 filed by HOME DEVELOPMENT MUTUAL FUND (Pag-IBIG), as mortgagee against ELSA M. SARTORIO, as mortgagor, to which the indebtedness as of May 18, 2016, amount of THREE HUNDRED SIXTY ONE THOUSAND SIX HUNDRED SEVENTY FIVE PESOS AND 21/100 (Php 361, 675.21) inclusive of interest and penalty charges, attorney’s fees and expenses of foreclosure, the undersigned will SELL TO PUBLIC Auction on AUGUST 8, 2016 at 10:00 o’clock in the morning at all the entrance door Regional Trial Court Branch-23, City Tourism Hall, Cagayan de Oro City, to the highest bidder for cash or manager’s checks and in Philippine Currency, the following described properties, to wit; TRANSFER CERTIFICATE TITLE NO. T-196717 A PARCEL OF LAND ( Lot 22, Block 19, Psd-10-002661, being a portion of Lots 3594, 3596, 3597, 3598, 3600, Cad-237 & lot 3591-1 (LCR), Pcs-10-1286190). Situated in the Barrio of Iponan City of Cagayan de Oro City. Island of Mindanao. Containing an area of ONE HUNDRED FORTY (140) sq. meters more or less. All sealed bids must be submitted to the undersigned on the abovestated date, time and place. 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/bidders may investigate for themselves the title herein above described and encumbrances thereon, if any there be.

Done this July 1, 2016 in the City of Cagayan de Oro, Philippines.

BWM: July 8, 15 & 22, 2016

(Sgd.) RICO A. REMALIG Sheriff IV

Solon cites intention to pursue health programs for Kagay-anons CAGAYAN DE ORO CITY – We are thankful for, and humbled by, the people’s trust and confidence in our candidac y for city councilor in the last elections ... you could be rest assured of our commitment to serve the people of Cagayan de Oro City the best way possible. We could do this in close coordination, even critical collaboration, with the Office of the City Mayor. This is the message of commitment of newlyelected Councilor Maria Lourdes S. Gaane, chair of the City Council c om m itt e e on h e a lt h , s an it at i on an d h e a lt h insurance. Councilor Gaane graduated from the Divine Word University Tacloban College of Medicine in 1988 and obtained her professional license on February 3, 1992. She has been in the government service since then. The councilor was t he me dica l of f icer of Talisayan District Hospital from 1992 to 2004, and the municipal health officer of

Naawan, Misamis Oriental from 2004 to 2005. She ser ved as the provincial health insurance officer of Misamis Oriental from 2005 to 2013. Councilor Gaane was the city health insurance officer of the city before she was elected councilor of t he 2nd Dist r ic t of Cagayan de Oro on May 9, 2016. Doc Malou, as fondly c a l l e d by h e r f r i e n d s and co-workers, believes that the city’s health care delivery system needs a lot of improvement after years of degradation. Councilor Gaane said upon assuming as head of the City Health Insurance Office (CHIO), she learned that not one of the 54 barangay health care centers in the city had a Department of Health (DOH) license to operate and permit to construct. “But with the political will of Mayor Oscar S. Moreno, they have slowly but surely made major improvements in the health sector,” she cited. “But a lot more needs

to be done,” she added. Gaane enumerated her legislative agenda for the people of the city. A m on g ot h e r s , t h e councilor wants to pursue P h i l h e a l t h Un i v e r s a l Coverage to finance the e n ro l m e nt of at l e a s t 100,000 indigent families in the city and upgrade the J.R . B orja General Hospital to a secondary hospital status with a fullyequipped intensive care unit. The councilor said she will propose the creation of a distinct and separate Philhealth Department to look into the improvement o f t h e c i t y ’s h e a l t h f a c i l it i e s , pu rchas e of drugs and medicines, and pay administrative costs of delivering Philhealth programs. Gaane is seeking the cooperation and partnership of everyone, c i t i n g t h at t h e n o b l e undertaking of the city government could never be achieved without people’s vigilance and support. ( JAO/CD O L eg islat ive Information)

EXTRA-JUDICIAL SETTLEMENT CDO MAIN BRANCH P & J Lim Brothers OFBldg., THE Tiano STATE Kalambagohan Sts., OF THE DECEASED Tel. # (08822) 727-829 * SAMUEL MELCHOR Telefax #ABRAGAN (088) 856-1947

DIVISORIA BRANCH Republic of the Philippines TRIAL COURT Atty. Erasmo B. DamasingREGIONAL Bldg., 10th Judicial Region #61 Don A. Velez St., Cagayan de Oro City Branch 16, Tangub City Tel. # (088) 857-3631

BRANCH CAMIGUIN This EXTRA-JUDICIAL B. Aranas St., Poblacion, SETTLEMENT made and executed Mambajao, Camiguin byTel.and among the HEIRS OF # (088) 387-0491 SAMUEL ABRAGAN MELCHOR, CORRALES BRANCH namely: JERYLYN A. MELCHOR, Ave., ofCorrales legal age, widow, Filipino and Cagayan de Oro City a resident of Bellevue Homes, Upper Carmen, Cagayan de Oro City, the surviving wife of the decendent; FARRAH MECHOR TEJANO, of legal age, married, Filipino and a resident of Bellevue, Upper Carmen, Cagayan de Oro City, the surviving daughter of the decendent; IAN SAMUEL J. MELCHOR, of legal age, single, Filipino and resident of Bellevue Homes, Upper Carmen, Cagayan de Oro City, the surviving son of the decendant; WITNESSETH THAT: the above-named parties, all of legal ages, are the legitimate wife and children and the sole/ compulsory/surviving heirs of the deceased SAMUEL ABRAGAN MELCHOR who died on August 24, 2015, at Cagayan de Oro Medical Center, Inc., Cagayan de Oro City; That the deceased SAMUEL ABRAGAN MELCHOR, at the time of his death left the following parcel of land (conjugal property) located at Canitoan, Cagayan de Oro City, and more known as Lot No. 3915-A-2, Psd10-062435, being a portion of Lot 3295-A, Psd-10-000135 situated at Canitoan, Cagayan de Oro City, containing an area of TWO THOUSAND FOUR HUNDRED TWENTY EIGHT (2,428) SQUARE METERS declared in the HEIRS of the deceased SAMUEL ABRAGAN MELCHOR is the subject “ EXRAJUDICIAL SETTLEMENT OF THE ESTATE” Under Notary Public of EMMANUEL A. AKUT per Doc. No. 394; Page No. 80; Book No. 131; Series of 2015

LAPASAN BRANCH EJF-2016-001 Lapasan Hi-way, Cagayan de Oro City Upon231-6739 extra-judicial petition for sale under Act 3135 as amended Tel. # (088)

BWM: July 1, 8 & 15, 2016

OFFICE OF EXTRA-JUDICIAL SALE

by Act 4118 filed by Rural Bank of Tangub City INC., against Sps.

CARMEN NicasioBRANCH Sepulveda and Sonia Jabel Sepulveda to satisfy the Vamenta Blvd.,Cagayan de Orowhich City as of May 31, 2016 amounts to One mortgage indebtedness Tel.Hundred # (088) 231-2011 Ninety Six Thousand Three Hundred Twenty Pesos and

77/100 only (Php 196,322.77) excluding interest, attorney’s fees, and other lawful fees for the service of foreclosure, the undersigned Sheriff will sell at public auction on August 01, 2016 at 10:00 o’clock in the morning or soon thereafter at the office of the Clerk of Court, Regional Trial Court, Br. 16, Tangub City, to the highest bidder in cash, Philippine Currency the herein mortgage properties to wit; TRANSFER CERTIFICATE OF TITLE No. T-2061

“A parcel of land Lot. No. 16669-A-4-G-1-A, Psd-10-051542 being a portion of Lot No. 16669-A-4-G-1, Psd-035280 including all improvements thereon;Situated in the barrio of Cabangcalan, City of Tangub, Province of Misamis Occidental, Island of Mindanao, Bounded on the SW., along line 3-4 by Lot 16669-A-4-G 2, Psd-10-035280 (road lot 6.00 m wide) on the NE., 4-1 by Lot 16669-A-4-G-1-B and on the SE., along Line 1-2 by lot 16669-A-4-G-1-C both of the subdivision of Psd-10-051542. Containing an area of Six Hundred (600) square meters, more or less. Assessed at P27,600.00 per Tax Declaration No. 89688.” TRANSFER CERTIFICATE OF TITLE No. T-(P-31142)P-333 “A parcel of land and all improvements thereon; situated in the barrio of Bocator, City of Tangub, Province of Misamis Occidental, Bounded on the W., along line 1-2 by Lot 1984-A, Csd-10-003118-D, on the N., along line 2-3 by Lot 1600, Cad. 271; on the S., along line 4-5 by 2024, Cad. 271; and on the W., along line 5-1 by Lot 1984-C, Csd-10-003118-D. Containing an area of NINE THOUSAND THREE HUNDRED THIRTY ONE SQUARE METER or .9331 SQUARE METERS. Assessed at P5,880.00 per TAX DECLARATION NO. 46002.” All sealed bids must be submitted to the undersigned on the above stated time, date and place of auction sale. In the event that the public auction should not take place on said date or there is only one bidder, it shall be held on August 05, 2016 at the same time & place without further notice. Bidders are enjoined to investigate for themselves any encumbrances on the herein property if any there be. June 02, 2016, at Tangub City, Philippines. FOR THE EX-OFFICIO SHERIFF: BY: BWM: July 15, 22 & 29, 2016

(Sgd.) WILLIAM C. ARANIEGO Sheriff IV

BusinessLifestyle Week MINDANAO www.businessweekmindanao.com

Friday | July 15, 2016

Chicken Caldereta Recipe

his was last Wednesday’s lunch. It was so good that I had to share the recipe with you all. Weeks ago, I attended a birthday party and my seatmate, Roena Bince - BDO manager, told

me that she tried the recipe that I shared here in my article. It was my Chocolate Chip Oatmeal Cookies. I was so happy when she told me that. Hope you enjoy this another recipe of mine and please tag me on some photos at Facebook when you try cooking or baking my recipes.

I would be glad to see them! I remember my mother-inlaw, Nanay Rosie Francisco, makes super yummy Caldereta and Menudo. That was the first time I actually tried eating these kinds of dishes. They became favorites of mine since then. I experimented

with my own recipe and tried what’s the best chicken cut to use for this dish and finally, this is it… Magnolia Chicken’s menudo cut. I love cooking so it’s always relaxing for me and it makes me really happy seeing my husband, Elmer, and my son, Dominic, enjoy what I serve them.

Cooking procedure: In a pot, boil water, add your chicken menudo cut. When tender, remove from water and set aside the remaining chicken broth. In a pan, heat olive oil, sauté garlic and onion. Add in chicken and sauté until slightly brown. Add the

hotdogs, green bell pepper and red bell pepper. Sauté until hotdog is cooked. Stir-in tomato sauce. Add a little chicken broth. Add the potatoes and carrots. Simmer for 2 minutes. Add-in cheese and liver spread. You can add Green Olives

if you want but this is optional. Season with salt and pepper. You will know when it’s done when the potatoes and carrots are already soft (but not too soft). Best when served hot with plain white rice.

Ingredients: --> 1/2 kilo Chicken menudo cut (I like using this because it’s already cut in bite sizes without the bones) --> 4 - 5 cloves Garlic, minced --> 1 Onion, chopped --> 1 Red bell pepper, sliced --> 1 Green bell pepper, sliced --> 1 Carrot, sliced --> 1 Big potato, sliced --> 3 pieces Purefoods Hotdog Classic, sliced

--> 1 can 85g Purefoods Liver Spread (Argentina brand is also good) --> 1/4 - 1/2 cup Magnolia Quickmelt Cheese --> 1 pack 200g Del Monte Tomato sauce orginal style --> 1 pack 115g Del Monte Tomato sauce orginal style --> Olive Oil --> Salt --> Pepper