BusinessWeek Mindanao (July 24, 2017)

BusinessWeek MINDANAO CREDIBLE

Volume VIII, No. 20

Market Indicators As of 6:00 pm july 21, 2017 (friday)

FOREX

PHISIX

US$1 = P50.76

7,989.73

X X Briefly

12.3

85.39

cents

points

Martial law extended THE Philippine Congress, during a special joint session on Saturday, voted to extend the period of martial law until the year-end. Results of the joint voting showed that 261 lawmakers voted in the affirmative while 18 lawmakers voted in the negative. On the part of the Senate, 16 senators voted in favor of the motion, while four were against it. Meanwhile, 245 House members approved the motion, while 14 rejected it. The senators who voted against Honasan’s motion were Senate Minority Leader Franklin Drilon, Senators Paolo Benigno Aquino IV, Risa Hontiveros and Francis Pangilinan. Senators Nancy Binay, Leila de Lima and Antonio Trillanes IV were absent.

CARAT Expo ‘17 BUTUAN City – In keeping the momentum of advancing the region’s rich agricultural and fishery products, the Butuan City Chamber of Commerce and Industry Foundation, Inc. will once again hold this year’s Caraga Agricultural Trade and Marketing Exposition or CARAT Expo 2017 on August 10-13, here. CARAT Expo 2017 carries the theme, “Zoom up Caraga! Responding to challenges in agri-aqua productivity, responsible mining and progressive entrepreneurship.” “It will be a four-day event and is highlighted by hosting the 21st Caraga Business Conference slated also on August 11, 2017 at the Grand Palace Hotel, this city,” said Roger Ramirez, president of the Butuan City Chamber of Commerce and Industry Foundation, Inc. Trade fairs and the different programs will be held at the Robinsons Place Butuan. Agricultural retailers and wholesalers, food producers, agronomics, agriculturists, farmers, manufacturers, food traders and exporters will have the opportunity to showcase and demonstrate their produce.

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Monday | July 24, 2017

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ORE major development initiatives for Mindanao will be announced by President Rodrigo R. Duterte in his second State of the Nation Address (SONA) today, July 24, Presidential Communications Secretary Martin Andanar said.

Andanar said Mindanao remains a top priority of the national government in terms of development and a number of high-impact projects are lined up going into the second year of President Duterte. sona/PAGE 11

Bayan to hold anti-SONA protest By MARK FRANCISCO, Staff Writer

STATE OF THE NATION. Duterte’s Sona today is expected to highlight Mindanao.

AirAsia’s Fernandes wants travel tax on outbound Filipino tourists removed

THE Bagong Alyansang Makabayan (Bayan), which held a rally of support for President Duterte in his State of the Nation Address (SONA) last year, will be at the opposite fence today to protest the President’s oppressive policies. Bayan Misamis Oriental c h ap t e r h e a d Wi l s o n

Barros said the President h a s i mp o s e d p o l i c i e s inconsistent with what the group were expecting B ar ros p ar t ic u l arly cited the botched peace talks with the National Democratic Front (NDF). He said Duterte is only willing to negotiate when the military is able to conduct

operations freely and go after the armed groups without encountering resistance. “The moment one of them dies, negotiations are suspended or cancelled. The president should know better what the peace talks is all about and what the situation is on the ground. He might know better, but he has been cowed by the power of the protest/PAGE 11

By CARMELITO Q. FRANCISCO, Correspondent

DAVAO City -- AirAsia Group Chief Executive Officer Anthony Francis Fernandes is urging the Philippine government to look into scrapping the travel tax imposed on outbound Filipino tourists to encourage more international movement as well as flights. In a press conference here after his speech at the 2017

Davao Investment Conference yesterday afternoon, Mr. Fernandes pointed out that the government should consider the fact that not much is being earned “in airports that do not have international flights.” Scrapping the travel tax, he said, will lure airlines to open more international tax/PAGE 11 MOTOCYCLE-LOGGING . A timber-loaded “habal-habal” casually drives onto the highway of Los Arcos, Prosperidad, Agusan del Sur. “Motocycle-logging” is just one of the means to transport logs in Caraga. photo by jun ayensa

Neda’s Pernia says nothing definite yet on ODA funds from China By MIKE BAÑOS, Editor-at-Large

President Rodrigo Roa Duterte discusses matters with AirAsia CEO Anthony Fernandes who paid a courtesy call on the President at the SMX Convention Center in Davao City on Friday. presidential photo

T H E c o u nt r y ’s s o c i o economic planning secretary has downplayed reports that the Philippines is at risk from loans and official development assistance from China arising from President

Rodrigo Duterte’s recent state visit to Asia’s largest country. “We don’t know yet what the Chinese will be charging because nothing has been signed yet in terms of financing,” said

Socioeconomic Planning S ecretar y and National Economic and Development Authority Director General Ernesto M. Pernia during a press conference held here following the unveiling of the Philippine Development Plan funds/PAGE 9

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Economy

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Popcom eyes 50% decline in teen pregnancy

D

AVAO C i t y - The Population Commission (Popcom)has remained optimistic incidence of te en pregnanc y in the Philippines will decline in the next five years with government’s persistence to implement the comprehensive sex education program. It is also counting on the full support of the local government units in terms of compliance with Executive Order No. 12 signed by President Rodrigo Duterte in January, this year aimed at ensuring that the government meets the needs of Filipino families for appropriate family planning support. The

EO would allow women of reproductive age to achieve their desired family size and number of children. There are also two pending bills in Congress, one of which is authored by Rep. Sol Aragones that seeks to stop the increase of teen pregnancies in the countr y. The proposed bill: “ Teen Pregnanc y Prevention, Responsibility and Opportunity Act” will also intensify information dissemination on the bad effects of teen pregnancy and prevention. These are the policies and laws that Popcom Executive Director Juan Antonio Perez are looking forward to bring down the incidence of teen pregnancy. Although the

number decreased the past three years, Perez voiced concern teen pregnancy remains high in the country. Citing a study made by UP Professor Alejandro Herrin funded by the United Nations Population Fund (UNFPA) last year, Perez said the incidence of teen pregnancy remains high with 200, 000 girls get pregnant every year. Of the total number, Perez said 130,000 are aged 18 years and below. They also showed that 207,000 girls below 20 years old gave birth in 2015. The number went down to 209,000 in 2014. According to Herrin, the number of incidences is worrisome because early childbearing reduces high

school completion rates and eventually decreases the predicted daily wage rate profile of women in the Philippines. He also underscored the economic implication of teenage pregnancy. The potential lifetime earnings lost due to early childbearing would amount to PHP33 billion, Herrin said. This is why the Department of Education (DepEd), is working hard to implement comprehensive

sex education program for Grade 5 pupils and up. Pe r e z s a i d D e p E d spearheaded by Secretary Leonor Briones is very supp or t ive. It is now working on ways to include sex education in schools and training teachers for the program. Certainly, Perez said there will be no distribution of condoms in schools. Given the support of the LGUs, the approval of the bills in Congress and the

Popcom’s own Adolescent Development Program, Perez said the number of teen pregnancy could reduce by 50 percent. Perez said teens with a dysfunctional family, exposure to per vasive media, early access to the internet, social media which leads to increase socialization are more likely to engage in risky behavior and could have a child during adolescence. (Lilian C. Mellejor/PNA)

“PALARO SA BARANGAY KONTRA DROGA” : A Joint Effort of MCS Faculty and Barangay Officials By LOWELL Q. IBARRAT Teacher I

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Department of Education strictly and firmly say yes to war on drugs and because of that the Local Government Unit of Manticao headed by the young and active father of the town Hon. Antonio H. Baculio and with the special participation of the people of Poblacion of Manticao Misamis Oriental through the collaborative effort of the Department of Education and the people behind it in

the person of Bernabe Ely we decided to have a Palaro to be held at Manticao Central School in the presence and participation of all the Manticaonons willing to play along with our kids and active teachers of Manticao C entral S cho ol. It was indeed a nice event worthy of recognition and hoping to have not just once but hopefully a Friday event in the life of our young learners.

In that way pupils may tend to develop their gross motor skills while having fun and playing together with the members of their family.

The committee… the one who made sure that everything should be in place especially for the safety precautions of each pupil and parents who join the game.

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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“MacArthur”, A phenomenal stage play, will be in Davao JMJ Events and Production is bringing its own stage adaptation of Bob Ong’s “Macar thur” in D avao Region. ‘Macarthur’ is a novel written in 2007 by Bob Ong, a contemporary Filipino author known for using c onve rs at i on a l w r it i ng style to create humorous and pensive illustration of Philippine life. The author’s interests on social and political issues li ke p over ty, g raf t and corruption, theft and drug addiction is what makes this production relevant to the current Philippine setting. The play tells about the tragedy of a society addicted to the forbidden drugs. It’s a story of four teenage friends who find ‘fleeting’ pleasures and ‘freedom’ in prohibited drugs and learned their lessons in life the hard way. T h e s a m e g ro u p o f people who mounted t h e t wo - t i m e n om i n e e for BroadwayWorld.com Philippines Awards 2016 for Best Music for a Filipino Musical and B est B ook and Lyrics for a Filipino Musical, will bravely present this literar y piece that

will provide a shocking experience for its audiences, but in the end will leave a hopeful vision of seeing a greater change for this nation. JMJ Events and Production’s advocacy is to support the government’s anti-drug campaign thru the use of arts and theater as venue and tool to reach out and educate the youth about the dangers of using illegal drugs. Schools may also use this as supplementary activity for their students aside from classroom learning, so that students may gain additional insights about the value of education and its importance in coping up with life’s challenges. JMJ Events and Production invites everyone to watch this phenomenal stage play. Schedule and venue of the shows will be: Date : September 13, 2017 (Wednesday) Time: 10:00 AM and 1:00 PM Venue: Davao Del Norte Sports Complex, Tagum City Date : September 14, 2017 (Thursday) Time: 10:00 AM and 1:00

By

Adeth Francisco

PM Venue: CAP Auditorium, Anda, Davao City Date : October 6, 2017 (Friday) Time: 10:00 AM and 1:00 PM Venue: Balay Kalinungan, La Salle, Bacolod City Ticket price is P450.00 For ticket inquir ies, kindly contact Adeth at 0977-4885847, or you may call Mindanao Daily at ___________. This show is sponsored by The Business Week, Mindanao Daily, RT 99.5, O p en Table Rest aurant and Vikings Luxury Buffet Restaurant.

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Opinion

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Abstraksyon

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Lucell larawan It is a privilege to have been commissioned to write the exhibit notes of highlyaccomplished abstractionists whose group show opens this July 20 at the Qube Gallery (at Crossroads, Banilad, Cebu City). This is after Dr. Reuben Cañete, Art Studies professor of UP Diliman, passed away a few months ago. The job used to be his as a recognized expert of this field. I am not formally trained to write art criticism, but obviously God’s grace has made me enter this specialization since 2010 when the National Commission for Culture

Kakampi mo ang batas

Philippine Press Institute

Batas Mauricio

Chance or Choice Think a minute…There was a man who was the owner of the only hair salon in his little town. He cut and styled the hair of almost everybody in town and his business was quite successful. Then, a big modern hair salon moved to his town right across the street from his little shop. This new, big salon advertised in the newspapers and posted signs all over town that read: “$6 haircuts! Ever ything for only $6!” S o on a l mo st a l l h is customers began going to the new salon across the street for $6 haircuts. The owner of the old hair salon knew he could never afford to beat the big new salon’s price of only $6. But then he thought of a way to turn things around and win his customers and business back. He had a local sign company paint him a big sign which he put in front of his hair salon. It read: “We FIX $6 haircuts!” We all have problems and go t h rou g h tou g h times. It’s the people who respond and handle those problems positively who end up succeeding in life. It’s not luck that controls your life! It’s your own choices that make you happy and

think a minute

LIFE’S INSPIRATIONS: “…`And now, you priests, this warning is for you. If you do not listen, and if you do not resolve to honor my name,’ says the LORD Almighty, `I will send a curse on you, and I will curse your blessings. Yes, I have already cursed them, because you have not resolved to honor me’…” (Malachi 2:1-2, the Holy Bible). -ooo DUTERTE CAN

a long vacation from work; and another is a marketing manager of an art supplies store. An educator-artist is currently pursuing a doctorate scholarship from a university in Tainan, Taiwan. Being intentional in their careers, the limners mount a solo exhibit at least once a year. When asked how the painters decided to choose their identity, their responses show that selecting a “voice” is an eclectic process. Though one averred that her work is a chronicle of her travels and encounters, the rest had experimented for an aesthetic problem in a master’s thesis or a personal exploration in forms, technique and colors-filtering out for what best connects the artist until one’s name shines brighter. These experiments, however, are ongoing pursuits to most painters, while two affirmed that as they evolve, what they do with the brush is what they are comfortable with. “I embrace what I am larawan/PAGE 11

PROCLAIM MARTIAL LAW IN MINDANAO DAILY: The arguments, for and against, on whether or not the House of Representatives and the Senate should vote jointly or separately on the issue of extending martial law in Mindanao could be the single biggest catalyst, so far, that could move the hand of President Duterte to issue a new proclamation placing Mindanao under martial law once again. I mean, if, as the Department of National Defense and the Philippine National Police are saying, there is really a need for martial law to continue in Mindanao, and senators and congressmen could not even decide on how to manifest their concurrence with, or opposition to, those recommendations, President D ute r te c ou l d c ut t he proverbial “guardian knot”,

as it were, by simply issuing another, albeit the second, martial law order in Southern Philippines. The fact is that, there is nothing in the 1987 Constitution, and even in any other statute or law in the Philippines, that prevents the President (whoever he or she might be) from declaring martial law all over again, if the first martial law edict he or she issued earlier had not been extended, or given a new lease on life, by lawmen voting jointly or separately. -ooo FOR ANY VIOLENCE EVERY NEW DAY, MARTIAL LAW EVERYDAY IS THE A NS WER : Und e ni ably, invasion by foreign citizens (or terrorists, if you may) in Mindanao and in other parts of the Philippines, and rebellion by Filipinos who have ceased considering themselves as citizens of

the Republic and are in fact working ver y hard now to affiliate Mindanao as a province of the Islamic State of Iraq and Syria (ISIS), are continuing, destroying properties and killing many people in the process. My view is that each and every new day that these invading foreigners and their treasonous Filipino conspirators stay in Marawi City, fighting government forces that are after them and causing mayhem all the time, constitute new and separate acts of invasion and rebellion that could form the basis of new martial law declarations. We mu s t re m e mb e r that what these invaders and local traitors are doing now are daily invasions and rebellions that the government must respond to at all times, lest they succeed in dismembering Mindanao batas/PAGE 9

Our daily adventure

jhan tiafau hurst successful. You see, “Things turn out best for people who make the best of the way things turn out.” No matter what happens these people keep going, because sooner or later “Tough people win over tough times.” Remember, the same heat that melts butter also hardens clay. The difference is in their response. How about you? How do you respond? How do you handle the heat of problems and tough times in your life? No matter which way the ball bounces, it’s still your game. So today, if you’ll ask Jesus Christ to take full charge of your life, He’ll start working everything, including your problems and pressures, together for your good. So why not start living His way every day? You can’t lose. Just Think a Minute…

one typology. Five of these creators favor the texturefield approach pioneered by Jean Dubuffet and Antoni Tapies, and the gestural method in the tradition of Jackson Pollock and Kline. The other limners use the linear or geometric, processlayering, minimalism, color field, lyrical and the hybrid style. Most of the painters started to draw or limn during their childhood. Ten out of twelve had finished a fine arts degree, while three pursued an advanced training. Two of them, however, established their canons as self-taught artists. Their various experiences are sails in the journey: four are full-time in art production; one had worked for premier artists like Bencab and Aviado; two are fine arts educators; two have rendered animation services to Universal Records, Walt Disney, Universal Studios and Warner Bros.; one is an entrepreneur; a limner switched to art after

Duterte can proclaim martial law in Mindanao daily

Member:

Oro Chamber

and the Arts awarded me an individual competitive grant. Let me share my writeup for “Abstraksyon” exhibit: “Abstraction is one of the greatest visionary tools ever invented by human beings to imagine, decipher and depict the world,” someone averred. This show is a tapestry of prodigious non-figurative artists in the country who not only have conceived, revealed and portrayed the world, but cracked the Da Vinci Code in advancing their careers and continue to make a trail for those who brave the unpredictable winds of the art value chain. Most are either grand prize winners of prestigious national art competitions, major prize awardees of these contests, or those who have shined through solo exhibits, art fairs and biennales here and abroad; while some got all these in their sleeves. Seven artists have used more than one approach in abstraction; the other five have limned using only

hints and traces

roy cimagala We should develop a keen sense of adventure in life. What a boring life it would be if we just get to see and do things out of routine. If we are clever enough, we know that each day always offers us new possibilities, new discoveries and challenges, etc., all of which should make our day exciting. We should avoid getting trapped in our daily

domestic drudger y, and allow our spirit to fly high and wide, our mind and heart to grow in knowledge and love. There will always be new things even in the midst of the old and usual things we handle. It’s a matter of attitude t hat i n t he e nd wou l d depend also on the kind of faith or beliefs we have. If we just believe in our own powers, if we just depend on the things around, or on our feelings, for sure our interests and enthusiasms would not go very far. Our mind and heart will slowly grow cold and clammy. We should not allow our mind and heart, our attitude and outlook to be mainly led by our feelings alone or even by our human understanding of things. We would be limiting them

unduly that way. It’s when we ground ou rs elve s on t he s ol i d soil of our Christian faith that we can always find excitement even in what may be considered according to our human estimation as the most ordinary, banal, and unimportant things in life. We will always feel some spur, some impulse to move on with thrill and suspense. Our faith always gives meaning and purpose to everything. It gives us joy and peace in every event and situation in our life. It finds beauty even in the ugly things as when we suffer pain or defeat. Our faith provides us with such confidence that even as we make due preparation for our daily adventure, we also know

that everything will just turn out right, despite some possible mistakes and bad turns along the way. T h a t ’s b e c a u s e t h e providence of God never fails to take care of everything. Even our mistakes can work for the good, as St. Paul once said: “We know that in all things God works for the good of those who love him, who have been called according to his purpose.” (Rom 8,28) The secret is to believe in God, to love him, to do his will, and not to be afraid of any sacrifices or setbacks involved in loving him. It’s in this belief and love of God that we can manage even to do ver y extraordinary things, just like Peter managed to walk on water, at least for a while, cimagala/PAGE 11

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Banking sector still resilient amid new fraud case: BSP BA NG KO S e nt r a l ng Pilipinas (BSP) Governor Nestor Espenilla Jr. said Friday the domestic banking sector remains strong even as another bank is on the spotlight for alleged fraud by one of its ranking officials. According to news reports, Metropolitan Banking and Trust Co. (Metrobank) vice president, Maria Victoria Lopez, has been arrested for allegedly masterminding the disbursement of loans worth at least PHP900 million to several fake accounts. Espenilla told reporters that the BSP already has a team that is looking into the case but declined to elaborate, pending the ongoing investigation. “We will know soon enough,” he said. Reports said the suspect has been arrested by agents of the National Bureau of Investigation (NBI) last July 17. Metrobank, in a disclosure with the Philippine Stock Exchange (PSE) Friday, said that “upon our own discovery, the Bank immediately caused the arrest of the individual involved in this case, who has been detained by the authorities since Monday”.

It assured the public that “the Bank is reinforcing its commitment to the highest standards of integrity and upholds the protection of its customers as its main priority”. “No customer has been affected in this incident. In the context of the Bank’s PHP1.9 trillion financial resources, rest assured that we continue to operate business as usual for the bank and our customers,” it said. “The Bank cannot further comment on the case as it has already been filed.” Espenilla said participation of the NBI in the case is in line with the criminal side of the charges. “ T h at i s a s e p ar ate matter. Our concern is on bank supervision matters. Potentially, a crime may have been committed, so that is a police matter and that is where the NBI plays a role,” he said. The BSP chief declined to identify possible sanctions, either against the bank or the official, noting that “it is too soon to talk about those things”. “We will just have to establish facts. Our banks have their natural internal

controls precisely to prevent these things from happening, so we will have to look into the adequacy of those controls if in fact, a significant crime happened within the bank,” he said. Asked whether this will have a negative impact on the sector, the central bank chief said, “I don’t think so.” “These things happen. They’re isolated,” he added. Espenilla said domestic banks remain well-capitalized and they have internal controls that are targeted to cushion the impact of any negative eventuality. “No system is perfect but the bank is expected to

be resilient to these things,” he said. “And I have no concern that the bank can’t handle this thing. This is a large bank. It made more than PHP16 billion last year. I mean, this is very unfortunate but they have to deal with it.” Metrobank, based on its report submitted to the PSE as of March 31, 2017, has about P1.923 trillion worth of assets, while liabilities to date is about P1.71 trillion. Its net income in the first quarter of 2017 reached P6.2 billion, higher than the P5.6 billion posted in the same period last year. (Joann S. Villanueva/PNA)

BSP to release new coin designs before end-‘17 NEW generation coins with security features will be released before end-2017, Bangko Sentral ng Pilipinas (BSP) Deputy Governor Diwa Guinigundo said Friday. Guingundo, however, told reporters that the central bank would not mint the P0.10 coin anymore but declined to elaborate. Thus, only the P0.1, P0.5,

P0.25, P1, P5, and P10 will have new designs, which will be released “before the end of the year.” “Circulation can also happen in the same time but in a limited capacity,” Guinigundo said. Guinigundo said demonetization of old coins will also be announced once designs/PAGE 9

2nd Quarter Nationwide Simultaneous Earthquake Drill 20016 As what we have watched and experience earthquakes happ ening here in our country and other places of how it ruined and smashed buildings and most of all, it cause death and many lives lost unexpectedly. Our nation and the government really f ind ways and means on how to alleviate calamities such as earthquakes and other phenomenon to at least,it will feed safety measures and prevention to cater less c asu a lt y in s av ing lives.That’s why we have the so called- DRRMS or the Disaster Risk and Reduction Management Services to cater the necessary needs and plan on what to do in the occurrence of calamities such like earthquake. In t h i s c on n e c t i on , a s

By Lucila S. Ratunil Teacher II

stipulated in the Division Memorandum No.250,s.2016 that the DRRMS of Department of Education will conduct 1st Quarter Nationwide Simultaneous Drill on June 22,2016 and that all schools in Misamis Oriental are required to c on du c t t h e s ai d d r i l l simultaneously. Pupils beforehand were instructed on what to do on earthquake drill,this is equipping them with the safety measures on what to do like the duck,cover and hold,the indication of slow and fast bell ringing. At 10:00 AM today,June 22,2016 after the fast ringing of bell,the pupils came out from their classroom

seeing and assuming that the building they were hiding is now clear and they were taught to slowly leave the place to avoid commotion that might lead to accident of getting hurt from the collapsing wall and ceiling. As the pupils came out,they formed lines following their leader with a cardboard written with “Follow Me” and t he y pro ce e de d to the ground which is free from falling and collapsing walls and ceiling.Af ter it,there were reporting and accounting of male and female pupils,somebody from each class account immediately their classmates and reported to the pupils assigned in the tallying of

Pressure Taking” that was taken cared of by the School District Nurse Mrs.Nazarene D. Lloren. Manticao Central School was so lucky and thankful t o h ave ge ne r ou s a nd supportive stakeholders, Municipal Off icials and employees,Barangay Officials ,Private individuals and alumni who sponsored all of these things.parents were so happy and grateful for the

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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- 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

missing pupils . There are select pupils in Grades 4 to 6 who role played on what to do when there are victims of earthquake,what are the first thing to do on the victims and tips on precautionary measures by the DRRM Coordinator Mr. Armando B. Sumobay. The drill ended well with the cooperation of each teacher and pupils in the conduct of the 2nd Quarter Nationwide Earthquake Drill 2016 .

By EMILY H. BALABAT, Teacher I

fortunate pupils .It also includes anti-lice shampoo for kids.All the pupils were given multivitamins fo r them to become healthy and strong.We have also haircut for boys and girls of course with their parent’s consent.We have also “Tuli Operation” considering also with their parent’s consent that was headed by the Rural Health Unit officers and also for adults we have “Blood

OROBANKERS DIRECTORIES

CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274

Brigada Plus adds color to MCS “BE” event The Brigada Eskwela Plus is a simultaneous activity with the observance of the School Maintenance Week or Brigada Eskwela 2017. It is not cleaning and be aut i f y i ng of school any more but it focused on t he Dist r ibut ion of Supplies to pupils who are recepients of school supplies, toothbrush and toothpaste, and bath soap. These items will be given to those less

5

Banking&Finance

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

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

initiative of the manticao cent ra l School teachers together with our active Principal Mrs. Erna C. Oco.

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558

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

CorporateWorld 6 Cebu Pacific provides airlift Supermarket chain to open support to wounded soldiers, cops in Marawi more stores in Mindanao D

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AVAO City -- A Fi l ipi n o - ow n e d supermarket chain is opening more stores in Mindanao by the end 0f the year. SaveMore, known to provide supermarket convenience, wi l l op en t w o s t ore s i n a d d it i on to eight existing stores located in Davao

C i t y, Ta g u m , G e n e r a l Santos, C otabato City and C agayan de Oro. These two stores will be located in Tacurong and Koronadal. Nationwide, SaveMore has 170 stores. Jojo Tagbo, president of Sanford Marketing Corporation, said Tacurong and Koronadal have been chosen “because

these are booming areas.” Tagbo said Mindanao has t he big gest g rowt h in double digit. “I think there is a magnet for Mindanao because when we opened in Tagum City t h i s y e a r w e a re a g a i n eyeing for additional new stores,” he said. Tagbo said Tacurong SaveMore is a stand-alone

s t o r e w h i l e Ko r o n a d a l store will operate inside the Citymall. N o r m a l l y, h e s a i d a s t a n d - a l o n e s t o r e’s capital expense is pegged PHP200 million including property and the structure while stores inside malls have total capitalization expense of P100 million. (Digna D. Banzon/PNA)

AirAsia launches Davao-KL flights Eyes BIMP-EAGA destinations AIRASIA, the world’s best low-cost airline, has linked Davao City to its international hub with the launch of its latest route to Kuala Lumpur, Malaysia. The four times weekly direct flights from Davao to Kuala Lumpur will start on December 21, 2017, said AirAsia Group CEO Tony Fernandes during the Davao Investment Conference.

Fernandes said the new route will cater to SME b u s i n e s s m e n , m i g r a nt workers and tourists. The new route marks as the fourth direct route from the Philippines to Malaysia after Manila, Cebu and Kalibo. Davao City Mayor Sara Duterte-Carpio said, “Our aim for the (Davao) city is to grow it to become a hub for financial, tourism,

service and education in Mindanao. The introduction of the direct flights between Kuala Lumpur and Davao could not be more timely and is a key step in this direction to empower local players across various economic activities.” Fernandes said “Davao has a special place in my heart. It was one of the first cities we flew to when we started

our Philippine operations in 2012.” “Since then, we have worked to strengthen our network in Davao. In this year alone, we have launched new flights from Davao to Cebu, Palawan and Boracay, and enabled Fly-Thru via Cebu to international destinations such as Singapore, Taipei and Seoul,” he added. flights/PAGE 8

CEBU Pacific Air will be providing airlift support to military and police personnel wounded in action (WIA) in Marawi City. On top of the free airlift on Cebu Pacific flights, the WIA government troops will also get baggage allowance of up to 40 kilograms. In co op eration with the Armed Forces of the Philippines (AFP) and the Philippine National Police (PNP), this initiative aims to augment air support by the Philippine Air Force by helping move wounded government troops from field hospitals in the area to larger medical facilities of the AFP and PNP. Through this, field medical stations can be declogged, giving way for wounded soldiers and police personnel who need immediate medical attention. “It is with deep gratitude that we accept this kind gesture of support by Cebu Pacific led by its President and CEO, Mr Lance Gokongwei, in the airlift of our heroes

Wounded in Action in Marawi. This will not just afford our troops immediate treatment in hospitals that offer better facilities to aid their speedy recovery, but a meaningful gesture to make your Soldiers, Airmen, Sailors, and Marines feel that their sacrifices are being recognized and appreciated,” said Marine Colonel Edgard Arevalo, Chief of the AFP’s Public Affairs Office. “The officers and rankand-file of the Philippine National Police and our families are grateful for this magnanimous expression of kindness and compassion by the management of Cebu Pacific to provide lifesaving medical evacuation to policemen who are wounded in fighting local terrorists in Mindanao. This is not the first time that Cebu Pacific extended a helping hand to our troops. We cannot thank them enough for keeping the Filipino spirit of ‘Bayanihan’ alive in such crucial time of emergency,” said Police Chief airlift/PAGE 9

Johnylyn leads the 3-day training for Day Care Teachers By Johnylyn R. Casan, Teacher II

Division Memorandum No. 200 s. 2017 dated May 9, 2017 with its subject: Corrigendum To Division Memorandum No. 170, s. 2017. (THREE DAY T R A I N I N G O N T E ACH I NG R E A DI NG AND WRITING FOR DAY CARE TEACHERS) held at Tagoloan Central School Tagoloan, Misamis Oriental. The Kindergarten Teachers of different municipalities were given instructions and orientations on what to prepare and share during the up - coming Training Seminars of all the Day Care Teachers of the Division of Misamis Oriental since they are the first one to handle and teach the young learners before they enter the Kindergarten in DepEd. The Three Day Training on Reading and Writing

for Day Care Teachers was scheduled on the 31st of May to June 2, 2017. The Manticao Day Care Teachers comprising the 30 females and 1 male for a total of 31 Day Care Participants all in all. We a r e v e r y mu c h thankful to our District Supervisor Dr. ROIE M. UBAYUBAY for the guidance and help for us to make this three-day event a successful one. He made sure that all the participants including the Facilitators can have the best food ( two snacks and lunch ) for the training. We would like to extend our heartfelt gratitude to our Provincial Governor Yevgeny Vincente B. Emano for the materials given to all the participants a day before the training, for acknowledging

our effort as facilitators by giving us a certificate of appreciation and a souvenir mug and by sending his constituents in the person of Maryden T. Ocot and the Provincial Board Member Hon. Gerardo “Boboy” Sabal. To our Municipal Mayor, Hon. Antonio H. Baculio for the P20,000.00 worth of budget taken from the School Education Fund ( SEF ) for food asked by our PSDS Dr. Roie M. Ubayubay to MSWDO Maryjoy Lagrosas

and to our School Principal of Manticao Central School Mrs. Erna C. Oco. During the first day of training we Re-visit the Daycare Curriculum and made some review on the Simulation of the Seven Developmental Domains. It was then followed by the Teaching Reading Using M a r u n g k o Te c h n i q u e wherein Daycare Teachers are having fun while imitating the different sounds of the letters in the alphabet. They then realized the importance of sounds before blending it to another letter and form it as syllable, then from syllable to words and words to phrases and sentences. In the af ternoon one of the facilitators introduced them the Lesson Guide on Teaching Reading using Marungko Technique, She made emphasis the proper

ways of teaching Marungko and instill the minds of e ver yone t hat t here i s no short cut in teaching beginning reading using the Marungko Technique. The second day was filled with excitement as they pay much attention in learning the Proper Ways of Writing to Daycare Children using the Prepared Modules. They learned about the proper way of holding the pencil through the help of the video presentations given to us during our training at Tagoloan Central School. It was indeed a big help for everyone. In The afternoon everyone was so busy crafting their materials like big books, f lash cards and mak ing puppets. The wall of our training area was f illed with colorful and useful instructional materials made

by the Daycare participants. The third day was indeed the most awesome day for everyone, this is the day where everyone is all ready to share their outputs and showcase their ways and strategies in teaching and apply the things they learned from the training. We then sing lots of children’s songs, recites rhymes, poems and play several games that is common in our locality. A return demo was performed by the daycare teachers coming from Poblacion, Paniangan and Pagawan. It was indeed the most enjoyable days in the life of the Daycare Teachers and Kindergarten Teachers as well. We are a ll hoping for more tra inings a nd enhancement programs for the benefit of the young children in the Division of Misamis Oriental.

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Team PaTsada Among Top 5 Finalists for this Year’s #JuanForFun Backpacker Challenge Article and Photos by: Clement Dampal II (www.bestspotsph.com)

Now on its 6th year installment and the biggest run yet, the ultimate backpacking adventure presented by Cebu Pacific Air officially announced last July 17, 2017 the Top 5 Finalists for this year’s Juan For Fun Backpacker Challenge 2017 at the Ibiza Beach Club, Bonifacio Global City, Taguig, Metro Manila. Out of the Top 10 creative, and fun-filled Backpacker Teams from different cities in the Philippines competing for the next selection, the Team from Cagayan de Oro City known as Team PaTsada was announced after the Manila PreChallenge and included at the Top 5 Finalists to continue to race to a oneyear travel-all-you-can pass to any of the domestic or international short haul destination of Cebu Pacific. The young travelers of Team PaTsada is composed of three students representing the University of Science and Technology of Southern Philippines (USTP) namely Roniel Baguhin, Renee Jane Barrio, and James Jay

Paclibar. The 10 Semi Finalist Backpacker Teams were mentored for a two-day workshop under the Juan For Fun Academy with five (5) passionate and adventure coaches:

Wil Dasovich (Youtube Vlogger), Kyle Jennerman also known as Kulas of Becoming Filipino, Ren Sapitan (a Travel Photographer of Beautiful Destination and Social Media Strategist), Sabrina

Iovino (International Travel Blogger of JustOneWayTicket.com), and Jude Bacalso (Travel Writer and returning Coach). Team PaTsada together with 4 other finalists will

travel to any destinations in the country within Cebu Pacific’s extensive network for seven (7) days, and to have as many fun-filled experiences within the duration of the trip and to capture it on

their social media feed. Each team will be given a budget of P40,000.00 and must maximize and use up all of their travel allowance. Juan For Fun Backpacker Challenge 2017 is presented by Cebu Pacific Air, the Philippines’ leading carrier with the following: Co-presentor: Jack ‘n Jill Chippy, and Smart Communications, Inc. Sponsors: Jake Bros (The Official Travel Gear), Oppo, UBE Express, and endorsed by the Department of Tourism. Watch as young travelers make a jump into a whirlwind adventure with Cebu Pacific Juan For Fun Backpacking Challenge 2017. For more information, join the fun by following the Juan For Fun (www.facebook.com/ cebupacificjff ), Cebu Pacific Twitter (@ CebuPacificAir), and the hashtag #JuanForFun2017 #CEBTravels to discover more exciting ways to fly with Cebu Pacific. Also, follow Team PaTsada with the hashtag #JFFTeamPaTsada.

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Golez performs with Classic Youth Orchestra at Rodelsa Hall T

his coming October 7, get ready to be enthralled with a grand musical performance as piano virtuoso Rudolf Caesar Pelaez Golez performs with the Classic Youth Orchestra of Cebu at the Rodelsa Hall, Liceo de Cagayan University Main Campus. This milestone is a benefit concert for the scholars under the Rodolfo N.

By Owen Jaen

Pelaez Foundation Scholarship Program. It aims to raise funds for the scholars as well as bring quality music closer to more people through liver performances. Golez is one of the country’s esteemed concert pianists as he regularly performs in major concert venues in the country as well as in the US and Europe. He is the Dean of the Conservatory of

Music of Liceo de Cagayan University in Cagayan de Oro City, Philippines and concurrently Vice President of External and Cultural Affairs. He will perform Grieg Piano Concerto and Mozart’s Sinfonia Concertante in E-flat, two of his favourite pieces. The Classic Youth Orchestra is composed of young musicians ages 8-20 years old from Cebu City

and was founded by Pro. Reynaldo Abellana, one of Cebu’s stalwarts of classical music. Although founded just three years ago, the group has already gained the attention of music enthusiasts and was performed in the Youth Orchestra Festival at St. Scholastica’s College School of Music. Some of the orchestra members have also been also invited to perform

in international music festivals in Asia. Conducting the Classic Youth Orchestra for this event is Prof. Horst Hans Bäcker, the current Associate Dean of Liceo Conservatory of Music. To reserve tickets to the October 7 (8pm) concert at Rodelsa Hall, please call (088) 8584093 up to 95 local 117 or call 0955-167-4996. See you at Rodelsa Hall!

Flights... from page 6

Fernandes noted that, “Davao has the potential to be the international gateway for ASEAN to the southern Philippines, beginning with this new route to Kuala Lumpur.” To celebrate the new route, AirAsia announced all-in-fares from as low as R99* one-way are available for booking from July 21, 2017 until July 30, 2017 for the travel period from December 22, 2017 to August 28, 2018. Meanwhile, Philippines AirAsia President Dexter

Comendador said they are developing Davao to be a new hub for the airline and are planning to add more international destinations, particularly in the BIMPEAGA (Brunei, Indonesia, Malaysia, Philippines-East Asia Growth Area). Comendador noted that travellers flying to BIMPEAGA are exempted from paying travel taxes and this will be a good incentive for them to use the Davao hub. A s i d e f r o m D a v a o, AirAsia is also developing Puerto Princesa, Palawan and Panglao, Bohol as new hubs for the airline by next year.

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Funds... from page 1

and the Northern Mindanao Regional Development Plan for 2017-2022. In November last year, the National Economic and Development Authority (Neda) Board approved the guidelines to ensure the transparent availment of Chinese loans being extended to the Philippines. The board, chaired by the President, approved the “Guidelines for the Availment of Chinese Support for the Conduct of Pre-investments and Investment Activities.” Guidelines for Transparency To avail of the Chinese support or preferential or conc e ss iona l f i nanci ng under the guidelines, the Department of Finance (DoF) requires proponent agencies to: adhere to the implementation procedures of both the Chinese and Philippine governments; employ qualified, legitimate, and good standing Chinese consultants/contractors; engage different entities in the development and implementation of projects for Chinese support; and, u n d e r t a ke c omp e t it ive selection in the procurement of Chinese contractors. To allay fears about other countries’ allegedly adverse experience with Chinese ODA , t h e gove r n m e nt recently sent a mission to Pakistan to investigate. “We sent a delegation from the DOF and the NEDA to Pakistan recently to try to sound them out, on their experience with ODA from China, and they haven’t made a report yet,” Pernia said. “So nothing has been set in stone as far as Chinese commitments are concerned. There are so far no signings

of loan or ODA agreements with China,” he added. Budget Secretary Benjamin E. Diokno belied claims that Chinese ODA would adversely affect the Philippine economy, in a report filed by BusinessWorld last May. Diokno said the country’s debt to GDP ratio would decline from 40% in 2015 to 35% in 2022. He said the Philippine’s borrowing costs would be around 4%, with nominal GDP likely to increas e by nine to 10% annually. Further, he said the administration is aiming for an 80:20 mix in favor of local borrowing to minimize foreign exchange risk of foreign financing of the deficit. ODA Experience with Japan Comparatively speaking, Pernia said the Philippines have had a much longer experience with Japanese ODA. “We’ve had a much longer experience with Japan and we know that the interest on Japanese ODA rangers from .25 to .75 percent, below one percent,” Pernia noted. The latest state visit to the Philippines last January of Japanese Prime Minister Shinzo Abe resulted in ¥1 trillion in aid over the next five years. According to the Bangko Sentral ng Pilipinas, Japan is the largest foreign direct investor in the country, with net investments more than doubling to $394.91 billion in 2015 from $117.50 billion in 2014. Build, Build, Build The administration’s economic “Build, Build, Build” infrastructure program is estimated to require external borrowings of US$ 157-billion, mainly coming from China and Japan.

Republic of the Philippines Local Civil Registry Office Province : Misamis Oriental Municipality : NAAWAN NOTICE FOR PUBLICATION In compliance with Section 5 of R.A. No. 9048, a notice is hereby served to the public that LIZA JANE C. ENAR-PULMONES has filed with this office a petition for Change of First Name from “RASALITA” to “LIZA JANE“ in the birth certificate of LIZA JANE C. ENAR-PULMONES who was born on SEPTEMBER 28, 1969 at LINANGCAYAN, NAAWAN, MISAMIS ORIENTAL and whose parents are DIOSCORO G. ENAR and ORLITA S. CABASAN. Any person adversely affected by said petition may file his written opposition with this Office not later JULY, 2017. (SGD.) MARLO S. DACOCO Municipal Civil Registrar BWM: July 17 & 24, 2017 EXTRAJUDICIAL SETTLEMENT WITH DEED OF ABSOLUTE SALE KNOW BY ALL MEN BY THESE PRESENTS: this instrument is executed by among HEIRS OF GAUDENCIA M. TUADLES namely: POMPEYO R. TUADLES, of legal age, widow, Filipino citizen and a resident of 9th21st Streets, Nazareth Cagayan de Oro City, Hereinafter referred to as the HEIR/VENDOR; CLINT MERCADO TUADLES of legal age, married, Filipino Citizen and a resident of 9th21st Streets, Nazareth Cagayan de Oro City, Hereinafter referred to as the HEIR/VENDOR; AZHAREEN M. SUMANDAR, minor, represented by her parents, ANSARI LAWI SUMANDAR and NOROMBAE MANALOCON SUMANDAR, of legal age, Filipino citizens, and resident of Block 9, Lot 13, Phase 1B, Xavier Estates, Upper Balulang, Cagayan de Oro City, hereinafter referred to as VENDEE; surviving legal and compulsory heir of the late GAUDENCIA M. TUADLES

who died intestate on AUGUST 25, 2014 TRANSFER CERTIFICATE OF TITLE NO. T-207942 A PARCEL OF LAND (LOT 7), PCS-10-002525, BEING A PORTION OF LOTS 1, 2 & 3, BLOCK 18, (LRC) PSD-13276), SITUATED IN THE BARRIO OF (NOW) NAZARETH, CITY OF CAGAYAN DE ORO, ISLAND OF MINDANAO. That for and in consideration of the sum of the FOUR HUNDRED FIFTY THOUSAND (P450.000.00) PESOS Philippine currency, the receipt whereof is hereby acknowledge by the VENDOR from the VENDEE and said VENDOR does by these presents sell, transfer and convey in a manner absolute and irrevocable, unto said VENDEE, her heirs and assigns, free from all liens and encumbrances the aforesaid portion including the improvements found theron. Under notary Public of Melanie D. Ortiz-Rusete: Per Doc No. 425. Page No. 71. Book No. 16 Series of 2017. BWM: July 10, 17 & 24, 2017

Public and private economic planners have expressed alarm over the administration’s abrupt shift from the Public-Private Partnership (PPP) of the former administration to ODA citing the minimal ODA extended by China to the Philippines ($123M out of total $30.08 billion) and the relatively slow downloading of ODA, particularly from China (27 months from project development to groundbreaking for PPP, vs. 37 months for Korean ODA, 38 months for Japanese ODA and 40 months for Chinese ODA), according to NEDA records. Thus, the $24-billion ODA investment and loan package proffered by China to the Duterte administration (mostly in infrastructure projects like railroads and ports) was recently the hot topic at the Bangko Sentral ng Pilipinas (BSP) forum in Cebu City, according to a Sun Star Cebu Business story filed by Jeandie O. Galolo. In her report, Galolo cited how Fernando Fajardo, economist and professor at the University of San Carlos, detailed the unfortunate experience of infrastructure projects in Africa which resulted in the fourfold rise of Chinese financing to Africa from US$7-billion in 2008 to US$26-B in 2013, according to the Wharton School of Economics. In December 2015, Chinese President Xi Jinping pledged $60 billion to support Africa’s infrastructure wish list. Fajardo cited the s a d e x p e r i e n c e of t h e Chinese-financed Mattala International Airport in Sri Lanka which has been unable to generate passenger traffic. In another report filed with the Philippine Daily Inquirer, Hardeep Puri, chair of India’s Research and Information System for Developing (RIS) Countries, also warned the Philippines to be wary of China-funded projects to avoid falling into the same debt trap as other countries that have received massive Chinese loans and investments such as Laos and Sri Lanka. China has also poured massive amounts in loans and investments into Asean countries such as

Thailand, Myanmar, Laos and Cambodia. Puri cited the cases of Sri Lanka, which was forced to convert its debts to China into equity to avoid defaulting on payments, and Laos, where China is building a $6-billion high-speed railway the economic viability of which is under question. China funded an international airport and deep-sea port in Hambantota, Sri Lanka, which have become white elephants and left the country heavily indebted to China. Costing almost $2 billion, the airport and seaport are losing heavily. The airport receives just one flight a day and the seaport only six ships week. To avoid defaulting, Sri Lanka agreed to a debtto-equity swap with China which gave China Merchants Port Holdings an 80-percent stake in the Hambantota port for 99 years, including 6,000 hectares of land around the port. In e xc h ange , C h i n a wrote off most of Sri Lanka’s debts. But the deal enabled China to gain access to a strategically located outpost in the Indian Ocean region, a deal slammed by locals as China’s “colonization” of Sri Lanka. In Laos, China began construction of the $6 billion high-speed railway from Kunming in China’s Yunnan province to Vientiane, the Laotian capital, in December last year. Puri said it would take 11 more years for the railroad to become economically viable. In nearby Myanmar, China built a 770-kilometer oil and gas pipeline from the Kyaukpyu port to Yunnan for $1.5 billion. Now, China is demanding 85-percent ownership of the port. To avoid the pitfalls that have left some countries mired in debt to China, Puri said China’s One Belt, One Road initiative, under which the projects come, should be overhauled to consider sovereignty and economic viability. However, fellow economist and former socioeconomic planning secretary Cielito Habito asserted ODA from China to the Philippines would not end up similarly, if properly used.

NEW LIGHT PAWNSHOP Main: Gen. Capistrano Neri St., Cagayan de Oro City Branch: Don. S. Osmeña St., Fronting Public Market, Cagayan de Oro City NOTICE OF AUCTION Starting August 4 & 5, 2017 (Friday & Saturday) at 10:00 A.M. to 12:00 noon, this establishment located at Gen. Capistrano Neri St., Cagayan de Oro City will set an Auction Sale on all pledges since March 2016. Patrons are enjoined to verify their receipts. MANAGEMENT PAHIBALO Sa Agosto 4 & 5, 2017 (Bernes ug Sabado) sa may 10:00 sa buntag paingon sa alas 12:00 sa udto, ang tanan nga penirenda nga wala malukat sa Gen. Capistrano Neri St., Cagayan de Oro City sugod sa bulan sa Marso 2016 maapil sa subasta. Giawhag ang tanan suki sa pagsusi sa ilang resibo. ANG TAGDUMALA BWM july 24, 2017 GREAT VALUE PAWNSHOP V. Castro St., Carmen, Cagayan de Oro City Capistrano St., & Osmeña St., Cagayan de Oro City NOTICE OF AUCTION Starting August 4 & 5, 2017 (Friday & Saturday) at 10:00 A.M. to 12:00 noon, this establishment located at V. Castro St., Carmen, Cagayan de Oro City will set an Auction Sale on all pledges since March 2016. Patrons are enjoined to verify their receipts. MANAGEMENT PAHIBALO Sa Agosto 4 & 5, 2017 (Bernes ug Sabado) sa may 10:00 sa buntag paingon sa alas 12:00 sa udto, ang tanan nga penirenda nga wala malukat sa V. Castro St., Carmen, Cagayan de Oro City sugod sa bulan sa Marso 2016 maapil sa subasta. Giawhag ang tanan suki sa pagsusi sa ilang resibo. ANG TAGDUMALA BWM july 24, 2017

Habito cited how the Philippines recorded in 2016 its lowest debt-to-GDP ratio level in the last 20 years, at 42.1 percent from 44.7 in 2015, indicating the PH economy has the resources to pay back its debts. Habito added that provided the country’s GDP grows faster than public debt, it won’t be a problem. As of end-2016, the national government’s outstanding debt stood at P6.09 trillion.

Batas... from page 4

from the Republic of the Philippines, and ultimately making it a province of the ISIS, as was and still is their vision and mission. -ooo DI V I SION A MONG LAWMAKERS ON MARTIAL LAW EXTENSION HURTING RP: That being the case, I say let us not be shackled by the legal niceties of the 1987 Constitution, and the thoroughly self-ser ving invocation of congressmen and senators of their perceived rights as legislators, lest we be disabled from undertaking effective retaliatory action against terrorists and rebels. If congressmen and senators cannot even set aside their petty differences and act in the highest interest of the Filipino people, President Duterte must show them that they are really useless instruments that are not really needed in any way in combatting invasion, rebellion, and lawlessness in the country. As the chief executive, Duterte can rightfully issue martial law proclamations even on a daily basis. The imperative of the times, in a manner of speaking, call for imperative responses that are not bound by self-seeking interests. I agree that lawmakers must be accorded the due respect owing to them on account of their lofty positions. But they must not stand in the way of fighting real danger and threats against our country and our people, especially since the Constitution itself is clear the President can act without them. -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, that can be viewed at w w w. f a c e b o ok . c om / angtangingdaan. Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

Designs... from page 5

the new designs are released. He, however, said that demonetization of coins is harder than that of the bills. “We will have to physically get them and collect them and do something with them. It is easier for the banknotes because we will just shred them,” he said. Asked how long the demonetization of coins will be, the central bank official said it depends on several factors such as the public’s contribution in this measure. “It can b e extended considering the physical and logistical difficulty in surrendering the coins to the banks and the branches and regional offices of the BSP,” he added. (Joann Santiago/ PNA)

Airlift... from page 6

Superintendent Dionardo Carlos, Chief of the PNP Public Information Office. WIA government troops w ho are f it enoug h for commercial flights can be accommodated on Cebu Pacific flights from Cagayan d e O ro ( L a g u i n d i n g a n Airport), and flown to any CEB domestic destination. Currently, C ebu Pacific has dire c t f lig hts f rom Cagayan de Oro to Bacolod; Tagbilaran, Bohol; Cebu; Davao; Iloilo and Manila. By July 26, CEB will also fly direct between Cagayan de Oro and Zamboanga City. On top of the airlifting of WIA government troops, CEB is also airlifting cargo of relief goods and other humanitarian assistance for affected residents. Donors may coordinate with the GMA Kapuso Foundation or the Philippine Business for Social Progress for packing and transport arrangements of their donated goods. Cebu Pacific will continue to provide free cargo support for relief goods and other essential items for displaced residents of Marawi City and adjacent areas from various organizations, most notably the Department o f S o c i a l We l f a r e a n d Development. These include food and water; medicines; bandages; clothing and other necessities. The airline has provided equipment support to the Office of Civil Defense in the transport of humanitarian assistance. (PR/PNA)

Publication Notice R.A. 10172 NOTICE TO THE PUBLIC   In compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1. Guidelines in the Implementation of the Administrative Order No.1 Series of 2012 (IRR on R.A 10172). Notice is hereby serving to the public that KRISTIAN GREY BAYSA TIGOL has file with this office, a petition for correction of entry in his SEX/GENDER from “FEMALE“ to “MALE” in the certificate of live birth of KRISTIAN GREY BAYSA TIGOL, born on January 11, 1999, at Tangub City, Mis. Occ. and whose are DIOSCORO G. TIGOL JR. and ESTRELLITA D. BAYSA. Any person adversely affected by said 31 JULY 2017. (SGD.) BELEN F. LINGANAY City Civil Registrar BWM: July 17 & 24, 2017

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Audi Philippines launches the Q2

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udi Philippines recently launched the newest member of the Q family: the new Q2. Audi built the Q2 as an urban vehicle for everyday driving and recreation, which fuses a progressive design with a great driving experience, along a high level of functionality. As the most compact crossover of the Ingolstadt-based premium carmaker, the Audi Q2 is a powerful vehicle which exhibits a distinct character that offers style and functionality that is unique to its class. Performance-wise, the Q2 has a top speed of 197

km/h with an acceleration of 10.1 seconds from 0-100 km/h. The sleek roof that descends and merges into the C-pillars with color offset blades makes the Q2 all the more eye-catching and accentuates to the appeal and sportiness of the model. The vehicle also measures 1.51 meters tall and 1.79 meters wide. The overhangs are short with a vehicle length of 4.19 meters and a wheelbase of 2.60 meters. This makes it not too large for other regular compact SUVs in the market, which is a unique feature to the Q2. It also has an engine type that is inline three-cylinder spark-ignition engine with gasoline direct injection, exhaust turbocharger with indirect intercooler, four valves per cylinder, double overhead camshaft (DOHC). The vehicle also comes with a 1.0-liter, three-cylinder engine TFSI that reaches116 hp and 200 Nm of torque. The Q2’s steering comes from the sporty Audi S3 model. It is an easy car to drive around town especially thanks to the raised driving position. And in spite of the car’s short wheelbase and high

center of gravity, there is hardly any body roll when you go around corners which is helped by the car’s wide track. The steering is quick, and in combination with the firm suspension set-up, it allows the Q2 to dart through a series of bends with the sort of agility you’d expect from a warm hatch. For the dashboard, standard to the Q2 is a 5.8inch Multi Media Interface (MMI) screen that is positioned optimally on the instrument panel. The infotainment system can be operated by a rotary/ push-button control and two buttons on the center tunnel. In addition, the system can be conveniently controlled by natural language operation and the integrated MMI search. This makes the Q2’s screen and infotainment system have that futuristic feel when driving. Audi Philippines Head Benedicto Coyiuto said, “Audi is venturing into a new market segment with the new Audi Q2, bringing top technologies into the smallest member of its Q family. Whether it is used for an off-road adventure or for everyday driving in the city, the Q2 is the

all-round vehicle, with youthful and provocative design and high-tech equipment.” Although the Q2 is the youngest model in the Audi range, this vehicle already boasts of a number of awards. Among these is the German Design Award

- notching the honor in “Excellent Production Design - Transportation. It also captured the “Best of the Best” award of the Automotive Brand Contest last year as well as the best for “Compact Vehicle” in the Golden Steering Wheel awards, which is widely

regarded as being among the most coveted in the world. For more information, please contact Audi Philippines at 7270381 to 85 or visit any Audi showrooms in Greenhills, Global City, Alabang and SM Seaside City Cebu.

Five new Suzuki big bikes were recently unveiled at the Suzuki Big Bikes Center in Makati. These were the GSXR1000R and GSX-R1000; the SV650A, GSX-S750 and the V-Strom 1000XT. The exclusive launch aptly called as “The Royal Arrival” was attended by Wheeltek and Suzuki executives – Wheeltek’s President Mr. Reynaldo Odulio Sr., PhD, Executive Vice President Mrs. Teresita Odulio, VP for Sales and Marketing Mr. Roscoe Odulio, VP for Finance Mr. Raymond Odulio, General Manager for Big Bikes Mr. Bobby Orbe, Marketing Manager Mr. Mark Chuidian and Regional Sales Manager Mr. Philip Garcia. From Suzuki, President Mr. Hiroshi Suzuki, Managing Director Mr. Norminio Mojica, General Manager for Sales and Marketing Mr. Jun Bulot, Regional Sales Manager

for North Luzon Mr. Erick Fernandez and Marketing Head Mr. Monch Bontogon. Suzuki Auto-Moto Makati was converted into a launch venue filled up with the Japanese giant’s latest big bikes. Guests who were all Big Bikes enthusiasts and friends from the media flocked to the place all thrilled to see the new two-wheel vehicles that will dominate the Philippine roads. Mr. Miguel Bichara gave a short message on his experience of the GSXR1000R attesting that it can really own the racetrack while Mr. Edwin Matthew Cua, PhD, Suzuki Big Bikers (SBB) Club President also showed his excitement on the new Suzuki rides. He also gave a glimpse of his adventure rides with his first 2 trusty Suzuki Big Bikes – the Suzuki Katana and the 2nd generation Suzuki VStrom 650. Wheeltek

and Suzuki Motocross rider Ompong “Danger Boy” Gabriel also attended the event. Celebrity Mr. Wally Bayola, a loyal Suzuki rider joined the launching of the big bikes as well. Completing the star studded event, Suzuki endorser Mr. Enrique Gil also graced the event with his presence all thrilled to ride on his new GSX-S750 already. The event was hosted by Ms. Dianne Medina. A ceremonial key turnover was also held with the first Suzuki big bikes owners for VStrom 1000XT Mr. Jingo Sy as well as Mr. & Mrs. Blazevic, for SV60A Mr. Vicente Ramos and for GSX-R1000R Mr. Third Ramos. Of course the event will not be complete without the presence of the Suzuki big bikes clubs – Suzuki Big Bikers Club of the Philippines and Adventure Team Philippines.

Suzuki unveils 2017 big bike line-up

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monday|july 24, 2017

Sona...

from page 1

He said such commitment is manifested in the national budget, noting Mthat billions of pesos worth of projects were allotted for the island. These initiatives are intended to be inclusive, with more poor people directly benefiting from them, he said. “When (Budget) Secretary (Benjamin) Diokno showed m e t h e bu d ge t , I h a d goosebumps. I saw billions set aside for Mindanao,” Andanar said. In the President’s SONA, he said developments on major projects like the Mindanao railway network will be highlighted. Andanar said the President will likely cite the continuing crisis in Marawi City, the resurgence of the illegal drug problem, especially in the New Bilibid Prisons, and many other concerns. But overall, he s aid President Duterte’s second SONA will be “in different context because he has achieved so much in the past year.” “We are coming from an 82 percent acceptance and appreciation rating for the President based on the Pulse Asia survey. With that, 13 percent were undecided. It shows that majority of the people understood, saw, tasted and really felt the changes that the President was able to bring to our country in 365 days,” he said. He said it also means that almost the entire population is interested to know “where he (President Duterte) will bring us in the next five years.” “Let’s all watch out for

the second SONA. It will be very exciting and will bring the Filipino and the patriot in all of us,” he added. (AVE/ PNA)

Protest... from page 1

military in the country. He has proven himself inept as commander-in-chief,” he said. Barros also said Duterte’s “war” against illegal drugs, even as it claims wide support and approval, has been abused. “As it swept the streets of small-time drug dealers and mules, it has not targeted the major leaguers in the drug businesses, backed by influential persons in the government itself,” he said. Bayan will hold protest action this afternoon at the Divisoria kiosk in Cagayan de Oro City in time with President’s SONA which traditionally starts at 4pm. Still, Barros professed hope. “We have f ive more years to go under President Duterte. He has five more years to fulfill his promises and prove that he was the president the people expected him to be,” he said.

Tax...

from page 1

routes, particularly to and from airports outside the capital. “ This will encourage travelers to visit the (international) destinations without spending more,” said Mr. Fernandes, adding that foreign travelers will also have more options when visiting the Philippines. “The travel tax is the deterrent,” he said. The latest data from the

Philippine Statistics Authority and the Department of Tourism indicate robust domestic tourism, with 71.43 million Filipinos, ages 15 years old and above, traveling within the country between April and September 2016. M r. Fe r n a n d e s s a i d he will be meeting with top government officials, including Finance Secretary Carlos G. Dominguez, to discuss his suggestion. DAVAO-KL FLIGHTS The AirAsia top executive made the call as the airline’s local subsidiary, AirAsia Philippines, announced yesterday that it will be o f f e r i n g D a v a o - Ku a l a Lumpur flights beginning Dec. 21. It will initially fly the route four times a week. Mr. Fernandes said that while the route had been in their expansion program, they decided to launch it earlier than planned as a direct response to President Rodrigo R. Duterte’s request, which was made when they met in Cambodia last year. The airline chief said that he also presented several requests to the President at that meeting, and “a lot of things that we talked about in Cambodia have already been in action,” although he declined to give specifics. “This is the government that walks the talk... it is much easier to do business here,” he said. Aside from the DavaoKuala Lumpur service, Mr. Fernandes said they are also considering opening 10 other routes within the next three years. He stressed, however, that the company needs government policies that

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 43 Gingoog City OFFICE OF THE CLERK OF COURT & EX-OFFICIO SHERIFF NOTICE OF EXTRA-JUDICIAL SALE File No. 2017-227 Upon Extra-Judicial Petition for sale under Act 3135 as amended by Act 4118, filed by CANTILAN BANK, INC, GINGOOG BRANCH, with office address at Villahermosa Bldg. Veterans St. Brgy. 17 , Gingoog City, Misam is Oriental executed by SHEILA ABANIL ESPEJON as Attorney In-fact of CECILIA F. POLLENTES, Gingoog City, Misamis Oriental, to satisfy the Mortgagee indebtedness which as of July 11, 2017 have amounted to ONE HUNDRED THOUSAND PESOS (Php 100,000.00) inclusive of penalties and other charges, exclusive 10% of the total amount of indebtedness as attorneys fees and excluding foreclosure expenses and other fees incurred in the foreclosure proceedings, the undersigned Sheriff will sell at public auction to the highest bidder for CASH on September 18, 2017 at 9:00 o’clock in the morning to 4:00 o’clock in the afternoon at the Office of the Clerk of Court, Regional Trial Court, Dugenio St., Gingoog City, the following properties with all the improvements existing thereon, to wit: ORIGINAL CERTIFICATE, OF TITLE NO. T-17446 A PARCEL OF LAND covered by Original Certificate of Title No. T-17446, TDN E-040408, designated as Lot No. 502-B-1-D, Psd-10-061123, being a portion of Lot No. 502-B-1, Psd-10-005273 Bounded on the SE., 1-2 by Lot 502-B-1-C, Psd-10-061123, on the SW., 2-3 by Lot 502-B-1-E, Psd-10-061123, on the NW., 3-4 by Gingoog Bay, on the NE & SE., 4-5-1 by Lot 1306, Cad-295. Begin-ning from a point mark “1” on the plan N. 74 deg., 54’ E., 1705.74 M. from BLLM No. 1, Cad 295, Gingoog Cadastre; THENCE: 1-2 S. 73 DEG., 55’W., 21.73 M. 2-3 N 10 deg., 46’W.,19.98 M. 3-4 N.73 deg 56’E., 27.89 M. 4-5 S., 46 deg., 26’E.,4.25 M. 5-1 S., 15 deg., 59’W., 19.14 M., with total land area of FIVE HUNDRED THIRTY (530) sq. Meters, more or less. And is registered in the name of CECILIA F. POLLENTES, situated at Bulua, Brgy. 18-A Poblacion, Gingoog City, Province of Misam is Oriental, Island of Mindanao, is not subject of any lien or prior mortgage. 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, posting and republication The prospective buyer’s may investigate for themselves the title of the herein described property/ properties and the encumbrances thereon, if any there be. Gingoog City, July 18, 2017. FOR THE EX- OFFICIO SHERIFF BY: (SGD.) FLORA C. PEREZ Sheriff IV RTC-Branch 43 Gingoog City BWM: July 24, 31 & Aug. 7 , 2017

will help expand the travel market. “We’d love to put a lot of aircraft in Davao,” he said. Davao Mayor Sara Duterte-Carpio said at the opening of the forum that she “is confident” that AirAsia “will be able to sustain its operations” in the city. Ms. Carpio, daughter of the President, was scheduled to sign a memorandum of understanding with Mr. Fe r n a n d e s c om m itt i n g assistance from the city government to help grow the market. AirAsia launched four new domestic routes in April, from Davao going to Cebu, Boracay, Clark, and Puerto Princesa.

Larawan... from page 4

capable of doing and trust my instinct,” an artist affirmed. Moreover, a woman artist’s unique experience led to her “Hibla” identity: “An authority on the national art scene viewed my works at home. She was surprised and told me it was the first time that she saw this style. She then advised me to focus on this technique,” the limner quipped. The sentiments, which are narratives and experiences, reveal the creators’ state. Their objectives vary: as pursuits for cultural, social, spiritual and physical healing; as a child’s play like Lego; and as art for inner peace, joy and happiness. They could be raw emotions, subconscious dreams, personal introspections, and commentaries on the world. In other instances, an artist approaches his art production from a formalist ideology: form over content. A painter, however, took a different view:

“I strike a balance between my raw emotional energy and what is marketable.” Inquired about limiting and facilitating factors in art making, two limners pointed out that their constraint is their particular style such as works that use mixed vocabularies of images that include boxes and quadrants, or the applicator medium doing lines. The restraint also is the notion that everything has been done before in the abstract genre. “The limitation,” a painter stressed another angle, “is not on one’s art but how some regard abstraction. They quip that they can do better works than abstract painters.” But these creators disregard the critics. On the supply side of the value chain, time is another restraint, especially for limners who have day jobs. Moreover, the lack of dedicated art supply stores and art services in the immediate milieu also becomes a bottleneck. On the demand side of the value chain, the absence of art museums and public galleries in the province is still a challenge. Deviating from his peers, an artist averred that he does not see a limit in abstraction. A woman limner asserted her relationship with God and family as her driving force. Another painter said that how he ignored the nitpickers is working for his advantage. “I did a lot of genres aside from abstract art. But nonfigurative painting is what I desire to do the most,” an artist elucidated. Other painters support his assertion, saying it gives more freedom, feeds one’s hunger and makes one complete. It was a hard knot for a painter, but his passion drove him to it. A mentor’s

influence and the natural environment were also reasons for preferring abstraction over other approaches. Nonrepresentational painting is “cerebral in terms of preparation and execution,” a painter illuminated. “The resulting visual output allows an artist and others to mirror oneself from different points of view.” The artists asserted that non-figurative art will surely hold its ground and flourish in the country. It is the only form that can hardly be rendered in a digital platform. Times are different now. People are evolving in terms of understanding and appreciation of the art form. Contemporary Art is the art of today, so the challenge for artists is to keep on painting. “The fact that abstract art gained a new generation of practitioners in the Philippines long after critics say that it had already reached its peak in the 1950’s,…is proof that this genre is not dead,” a limner opined. The evidence also shouts if we behold how the twelve abstractionists made prodigies in their endeavors.

Cimagala... from page 4

until his faith wavered. Ever y day, we should make a plan for our spiritual adventure. We can identify specific aspects, like our life of prayer, sacrifice, work, relations with others, etc., as our area of adventure. Then we have to equip ourselves with the necessary items and checking on our dispositions so they will be attuned to the thrilling enterprise. roycimagala@g mail. com.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 43 Gingoog City OFFICE OF THE CLERK OF COURT & EX-OFFICIO SHERIFF NOTICE OF EXTRAJUDICIAL SALE File No. 2017-228

Upon Extra-Judicial Petition for sale under Act 3135 as amended by Act 4118, filed by CANTILAN BANK, INC, GINGOOG BRANCH, with office address at Villahermosa Bldg. Veterans St. Brgy. 17 , Gingoog City, Misam is Oriental executed by FELIDELFA C. DE CASA as Attorney In-fact of JEROME D. DE CASA, Gingoog City, Misamis Oriental, to satisfy the Mortgagee indebtedness which as of July 11, 2017 have amounted to THREE HUNDRED FORTY FIVE THOUSAND SIX HUNDRED FIF 1 FIVE PESOS and 60/100 (Php 345,655.60) inclusive of penalties and other charges, exclusive 10% of the total amount of indebtedness as attorneys fees and excluding foreclosure expenses and other fees incurred in the foreclosure proceedings, the undersigned Sheriff will sell at public auction to the highest bidder for CASH on September 18, 2017 at 9:00 o’clock in the morning to 4:00 o’clock in the afternoon at the Office of the Clerk of Court, Regional Trial Court, Dugenio St., Gingoog City, the following properties with all the improvements existing thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-14404 A PARCEL OF LAND covered by Transfer Certificate of Title No. T-14404, TDN E-004704 TDN 08-02-0001-00705, designated as Lot 3-E. Psd-10049571, being a portion of. Lot 3, pus-104308-001320, Located at Poblacion, City of Gingoog, Island of Mindanao. Bounded On the SW., along line 1-2 by Lot 3-D, of the subd. Plan Psd-10-049571 NW., along line 2-3 by Lot 4, pcs-104308-001320; NE along line 3-4 By Lot 7, pcs-104308-001320’ and SE. along line 4-1 by Lot 3-F, (ROAD), also of the subd.Plan Psd-10-049571. Beginning from a point Marked “1” on plan being S. 21 deg. 54’E., 2451.35 M. from BLLM No. 1, Cad 295, Gingoog Cadastre. Containing an area of EIGHT HUNDRED ELEVEN (811 sq.m) In ore Or less and is registered in the name of JEROME D. DE CASA, SR., 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, posting and republication The prospective buyer’s may investigate for themselves the title of the herein described property/ properties and the encumbrances thereon, if any there be. Gingoog City, July 18, 2017. FOR THE EX- OFFICIO SHERIFF BY: (SGD.) FLORA C. PEREZ Sheriff IV RTC-Branch 43 Gingoog City BWM: July 24, 31 & Aug. 7 , 2017

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monday|july 24, 2017