BusinessWeek Mindanao (July 25-26, 2022)

BusinessWeek M I N DA N A O CREDIBLE

Volume XIII, No. 21 AS OF 6:00 PM JULY 23, 2022 (SAT)

FOREX

X

0.07

cents

PHISIX

X

6,263.39

7.22

RELIABLE

www.businessweekmindanao.com

Market Indicators US$1 = P56.28

YOUR MINDANAO-WIDE BUSINESS PAPER

points

Briefly Strict mining rules DAVAO City – Davao Oriental Governor Corazon Malanyaon has urged local government units (LGUs) Thursday to strictly enforce regulations in all mining activities in the province. In a statement, Malanyaon asser ted the provincial gover nment’s authority as an independent LGU over the mining operations in the province. In a meeting with the Mines and Geosciences Bureau (MGB) Wednesday, the governor examined the inventory of all existing mining tenements in the province and the status of mining operations and permits granted by the MGB.

Davao coffee DAVAO CITY – The World of Coffee (WOC) convention at the Milano Convention Center in Milan, Italy, has provided a venue for the Philippine coffee producers to shine internationally. Jeannelle Ellson, marketing specialist of the Philippine Coffee Advancement and Far m Enterprise (PhilCAFE) project, said Philippine coffee— e s p e c i a l l y t h e R o bu s t a variety—received positive feedback during the June 2325 gathering. “We promoted Robusta there, although we brought various coffee varieties to the convention.

Italy is known as espressobased when it comes to coffee, but they admire the taste of our coffee and have set a good impression on it,” Ellson said in an interview Wednesday.

IN-DEPTH

Mon-Tue|July 25-26, 2022

1st SONA EXPECTATIONS

P15.00

Biz leaders back gov’t push to stir agri dev’t

By MIKE BAÑOS Editor-at-Large

B

U SI N E S SM E N i n Northern Mindanao (Region X) have high hopes for Pres. Ferdinand Marcos, Jr.’s vow to prioritize agriculture and food selfsufficienc y during his administration.

The president has ordered a sweeping review of all projects and programs of the Department of Agriculture (DA) to identify how the agency can effectively help local food producers and bring down the prices of commodities.

He ordered agri officials to devise a strategy to help farmers ramp up their production, particularly of rice, and transport these to trading posts amid the surge in the prices of fertilizers and fuel.

Business Expectations LEADERS/PAGE 11

RITUAL. Talaandig elder Leonarda Saway prepares buyo (betel leaves) and other materials for the ritual. MindaNews photo by H. MARCOS C. MORDENO

Follow advice to avoid disaster, MGB tells developers, LGUs THE Mines and Geosciences Bureau (MGB) 10 (Northern M i n d a n a o ) on Fr i d ay urged land developers and local government units (LGUs) to abide by agency recommendations to avoid disasters in the future.

MGB-10 Chief Geologist

Osin Sinsuat Jr. said while the agency does not have the power to enforce geohazard identification reports, many lives can be saved from possible environmental hazards, such as landslides, mudflows, or sinkholes, if developers and LGUs

comply. “As we always tell them (LGUs and land developers), we always stick to our findings,” Sinsuat said in an interview with reporters, noting that MGB assessments are scientific and nonnegotiable. An MGB report AVOID/PAGE 11

Tribal village opens DAVAO City – The renovation of the Kadayawan Tribal Village in Magsaysay Park here has been fasttracked for its scheduled opening on August 5. One of the highlights of the 37th Kadayawan sa Dabaw Festival next month, the tribal village was built to showcase the rich culture and heritage of the city's 11 tribes. Councilor Al Ryan Alejandre, the Kadayawan Execom spokesperson, said the Kadayawan Tribal Village is “a way of educating the people about the way of living of the tribes living in the city of Davao.”

Cotabato city council affirms inclusion to BARMM

By ROMMEL G. REBOLLIDO MindaNews

LOOK! A passenger finds himself comfortable sitting atop the hood of a moving public utility jeepney along the busy Limketkai drive in Cagayan de Oro City unmindful of the danger it poses unto him and with the driver who also seems to care less. Photo

by Gerry L. Gorit

GENERAL Santos City — The Sangguniang Panlungsod (SP) of Cotabato City has officially recognized that it is part of the Bangsamoro Autonomous Re g i on i n Mu s l i m M i n d a n a o (BARMM), three years after the city voted “yes” to inclusion.

The SP or city council finally affirmed its inclusion to the Bangsamoro region on Tuesday, July 19, in a resolution filed by city councilor Marouf Pasawiran.

The resolution advised all government offices in the city to use BARMM as their regional address. Another resolution of the city council COUNCIL/PAGE 11

Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776

2

Local

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

MON-TUE|JULY 25-26, 2022

5,400 households 'graduate' Special vax rollout for Kadayawan open until July 30 from 4Ps in N. Mindanao

A

T least 5,412 households in the Northern Mindanao Region have “graduated” from the Pantawid Pamilyang Pilipino Program (4Ps) during the past several years.

In an interview Friday, Oliver Inodeo, focal person for 4 Ps i n t he re g i on , said that from the initial re g i st r at i on of arou nd 268,000 households, the number of 4Ps beneficiaries went down to 262,588 as of July 1 this year. “This (number who graduated) includes not only those who have finished the (sevenyear) program but also those who transferred to different regions,” he said. Inodeo said the program caters to poor families with an average of three to five members. With the new directives issued by the Department of Social Welfare and Development (DSWD Secretary Erwin

Tulfo, he said 4Ps will be more transparent in the selection process of new beneficiaries. “We have been transparent and a c c ount abl e (s i nc e t he previous administrations of different presidents), we have grievance desks should beneficiaries file a complaint,” I n o d e o s a i d . “ N o n poor” Meanwhile, DSWDNorthern Mindanao Director Mar i-f lor D ol l aga s aid about 67,704 individual beneficiaries of the 4Ps have already been considered a s “n o n - p o o r ” i n t h e region. “This means that the program of the government has been effective. For the reason that when 4Ps

intervened in the lives of the beneficiaries, they have been assisted properly,” Dollaga said. Dollaga said those considered non-poor need to be removed from the list as the primary objective of 4Ps is for them to get through poverty. Kenneth Haze Sanchez Lustre, the 4Ps regional project coordinator, said beneficiaries who will graduate will be informed by t he DSWD t hroug h their family development sessions. Luster said some 60,000 beneficiaries will be delisted due to inactive participation. Under the 4Ps, beneficiaries should comply with certain conditions to avail of cash grants. Lustre said the new “Listahanan” may be released by September and the DSWD-10, specifically the 4Ps department, would GRADUATE/PAGE 10

DAVAO City – The city government will launch a special vaccination rollout from July 26-30 in connection with the Kadayawan Festival celebration here next month.

In a statement Friday, the local government said a vaccination hub will be made available for the rollout at People’s Park to cater to walk-in clients aged 5 and above. The hub will be administering jabs for the regular antiCovid-19 shots, booster shot s , and for t ho s e who have missed their doses. The week-long Kadayawan festivities will take place from August 1521, 2022. Meanwhile, the Davao City Covid-19 Task Force has reiterated its

call to Dabawenyos to get their booster shots as the two-dose vaccine efficacy usually wanes after six months just like any other rout i n e v a c c i n e. D r.

Michelle Schlosser, the task force spokesperson, said an ongoing information campaign s e e k s t o re m i n d t h e public of the importance of vaccination. “Based on studies, the Covid-19 vaccine wanes after six months. It is the same with routine vaccines for children and adults.

They need to receive flu vaccines periodically,” she said. As of July 15, 2022, only 284,419 individuals, or 21.47 percent of the 1,324,560 fully immunized Dabawenyos received

t h e i r f i r s t C ov i d - 1 9 booster shots. Of the 21.47 percent, only 14.16 percent or 40,290 got their second booster doses. Meanwhile, the province of Davao del Nor te has imposed a mandatory vaccination for its residents. In the Executive Order No. 26, Davao del Norte Governor Edwin Jubahib announced that Davao del Norte residents aged five and above are requested to get the anti Covid-19 vaccines and its booster shots. The order also stated that children who are attending school should carry with them their vaccination cards to be identified as safe and vaccinated. (PNA)

THE EFFECTIVENESS OF THE PANTAWID PAMILYA PILIPINO PROGRAM ALMA B. PENONIA ESP-II,LUMBIA CENTRAL SCHOOL Among the prime duty of every government is to provide the basic necessities of its people especially to those who have less in life. The Philippine government dreamt of a better and brighter future for the Filipino people.

It had find ways and means to assist the poorest of the poor especially to the needs of their children.

The creation of the Pantawid Pamilya Pilipino Program or known as 4 P’s by our government is a proof of its sincerity in helping our countrymen who are in dire need.. This program provides conditional cash grants that has benefitted almost 5 million households and with more than 7 million children. As a flagship for national assistance program , it is under the management of the Department of Welfare and

Social Development (DSWD) who worked together with the Department of Health (DOH), the Department of Education (DepEd) and National Economic Development Authority (NEDA) .

The Pantawid Pamilya Pilipino Program is a human development program of the national government . It invested in the health and education of poor households, particularly of children aged 0-18 years old. The cash grants are given to the identified beneficiaries provided that they comply with the set of conditions required by the program. Among the conditions are the following; children has to attend school, get vaccination, deworming, and other regular types of health check-ups. The program aims to break the cycle of poverty by keeping children healthy and in school, so they can have a better

GREAT VALUE SHOP V. Castro St., Carmen, Cagayan de Oro City NOTICE OF AUCTION Starting August 5, 2022 (Friday) at 8:30 A.M. to 5 P.M., this establishment will set an Auction Sale on all pledges since March 5, 2022. Patrons are enjoined to verify their receipts.

MANAGEMENT

PAHIBALO Sa Agosto 5, 2022 ang (Biyernes) sa may 8:30 A.M., sa buntag paingon sa alas 5:00 sa hapon, ang tanan nga penirenda nga wala ma lukat sa bulan sa Marso 5, 2022 maapil sa subasta. Giawhag ang tanan suki sa pagsusi sa ilang resibo.

BWM: July 25, 2022

ANG TAGDUMALA

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 5, 2022 (Friday) at 8:30 A.M. to 5 P.M., this establishment will set an Auction Sale on all pledges since March 5, 2022. Patrons are enjoined to verify their receipts.

MANAGEMENT PAHIBALO Sa Agosto 5, 2022 ang (Biyernes) sa may 8:30 A.M. sa buntag paingon sa alas 5:00 sa hapon, ang tanan nga penirenda nga wala ma lukat sa bulan sa Marso 5, 2022 maapil sa subasta. Giawhag ang tanan suki sa pagsusi sa ilang resibo.

BWM: July 25, 2022

ANG TAGDUMALA

future. But what was then the effect of this program in the lives of the common Filipino? Just like any programs it has both positive and negative effects. . At first , the program was considered as an answered prayer for the Common Tao , though the cash assistance is not that big but somehow it has help them survive and acquire there very basic needs The CCT or conditional cash transfer method has made beneficiaries very much dependent on grants.

It has been observed that some of the recipients no longer work but wait for the arrival of these cash grants especially if they have more children who are beneficiaries. The cash grants intended for the needs of the children in school ,and for their health and nutrition are now used as a part of the source of income for the whole family .

Probably, some of the parents or guardians of these beneficiaries were not oriented well that they forgot the purpose why they were given such privilege among the many who were asking to be included. There are also some beneficiaries who are not qualified to receive such grants since they are a bit capable of providing the needs of their children, and there are also some recipients whose kids are over 18 years old and are still receiving the cash grants. I guess there should be proper monitoring and review in choosing the qualified would be beneficiaries of the program to erase doubts, and in order to be fair to everyone who also needs help.

The purpose of the creation of this program should also be clearly understood by the parents, Teachers and the Local Government Units to avoid any untoward problems or incidents that would maligned the credibility of the program . Identified protocols in its implementation should be followed. Indeed , it is a good program of the government as long as it is implemented well.

I believe It would be better if our government could create sustainable jobs for our fellow countrymen that will not make them dependent on grants but will harness their skills to become productive individuals.

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

MON-TUE|JULY 25-26, 2022

Banking & finance

ADB raises 2022 growth forecast for PH

T

HE Philippine economy is forecast to grow faster than initially expected this year, following the relaxation of coronavirus disease 2019 (Covid-19) mobility restrictions in the country, the expansion of the coronavirus vaccination program, and a rebound in investment and household consumption, according to a report released Thursday by the Asian Development Bank (ADB).

The Asian Development Outlook (ADO) 2022 Supp l e m e nt b a re d t h e Philippine economy will grow at least 6.5 percent in 2022, up from the bank’s April forecast of 6 percent.

The growth projection for 2023 remains at 6.3 percent.

Downside risks to growth in the second half of 2022 may come from sharper-

than-expected slowdowns in major industrial economies, possible sustained elevated global commodity prices, and tighter financial conditions.

“The Philippine economy’s growth momentum has accelerated close to its ideal growth path,” said ADB Philippines Country Director Kelly Bird. “Strong domestic demand supported by a

pick-up in employment and remittance inflows, private investment expansion, and large public infrastructure projects will underpin the countr y’s recover y from the economic impact of the pandemic.”

Wider Covid-19 vaccination coverage, with adolescents among those getting inoculated, and relatively mild health impacts from the Omicron variant have allowed the government to relax restrictions starting in the first quarter of the year.

This, in turn, spurred a resumption in expanded operations for most private businesses, with the

unemployment rate falling to near pre-pandemic levels.

The unemployment rate was at 6 percent in May 2022, down from 7.7 percent a year earlier.

Inflation is forecast to quicken to 4.9 percent and 4.3 percent in 2022 and 2023, respectively, on the back of higher global commodity prices. These are up from ADB’s April forecast of 4.2 percent in 2022 and 3.5 percent for 2023.

The government is expected to sustain public spending on priority infrastructure projects under GROWTH/PAGE 10

Veteran banker Wick Veloso elected as GSIS chief WITH 36 years of banking experience under his belt, Jose Arnulfo “Wick” Veloso has been elected president and general manager of the Government Service Insurance System (GSIS) by its Board of Trustees during a special board meeting Thursday.

“After three decades of working in banks, it’s now time for me to use what I have learned in international finance and banking to contribute to nation building,” Veloso said. “I now carry the responsibility of making sure that the retirement benefits of government employees are well managed.”

During the turnover ceremony held at the GSIS h e a d qu ar t e r s i n Pa s ay City, Veloso was warmly

welcomed by outgoing GSIS chief Rolando Ledesma Macasaet, GSIS executives, and employees.

Under the law (Section 18 of the GOCC Governance Act of 2011 or Republic Act 10149), “the CEO (chief executive officer) or the highest-ranking of f icer provided in the charters of the government-owned or controlled corporations (GOCCs), shall be elected annually by the members of

the board among its ranks.”

Veloso was the president and CEO of the Philippine National Bank (PNB) prior to his appointment to GSIS. During his watch, PNB was recognized by the Asian Banker as the "Best Managed Bank" for demonstrating excellence in its response to the coronavirus disease 2019 (Covid-19) pandemic in 2020.

At the same time, he was adjudged as the “Best CEO" during the Asian Banker's annual Leadership Achievement Awards.

Prior to working for PNB, Veloso was an international

banker where he had built a wide network in international finance, especially in Global Banking and Markets.

In 2012, Veloso was appointed as the first Filipino CEO at HSBC Philippines until he transferred as CEO of PNB in 2018.

Ve l o s o h a s w o r k e d directly with Filipino and multinational customers – especially large corporates and industry captains– for many years.

Part of Veloso’s work at the British multinational universal bank and financial services holding company CHIEF/PAGE 10

3 PH banks seen to remain robust vs. recession, rate hike shocks PHILIPPINE banks remain generally strong to the impact of the rising interest rates and a possible recession but smaller ones need policy support due to their vulnerability to shocks, the Asean+3 Macroeconomic Research Office (AMRO) said.

In a commentary issued on Thursday, the regional macroeconomic surveillance organization said results of the stress test it did on 17 domestic banks showed that the majority will remain robust to shocks.

“Despite the Philippine banking system being quite resilient against the shocks, a few small and medium-sized banks may be vulnerable to shocks, given their lower capital adequacy ratios,” it said.

Results of the stress test showed that baseline nonperforming loan (NPL) ratio of the banks would be around 2.93 percent, while capital adequacy ratio (CAR) would be around 16.56 percent.

Taking into consideration the recession shock, NPL ratio is seen to increase to 4.04 percent while CAR would decline to 16.05 percent.

It also showed that one bank failed the test.

In terms of interest rate shock, NPL ratio is expected to be around 3.24 percent while CAR will increase to 16.40 percent.

For combined shock, NPL ratio will be around 4.46 percent while CAR will slip to 15.85 percent. A bank also failed the test.

The commentary said the Bangko Sentral ng Pilipinas (BSP) has identified banks considered as systematically important to address any systemic risks in the domestic banking sector.

“However, small-andmedium-sized banks need more attention as they have less buffers and are less resilient to shocks, with relatively vulnerable balance sheets.Therefore, the BSP can consider strengthening the resilience of small and medium-sized banks by providing guidelines and support for their recovery and potential resolution,” it said.

It added some banks are also concentrated on specific sectors like trade and tourism thus, are more vulnerable to shocks.

The commentary said the central bank “can offer help in designing a recovery and resolution plan for small and medium-sized banks.”

Liquidity and financial tools like access to investment in green and sustainable projects will also help buoy the smaller banks, it said.

Other possible aids to the banks include policies that will help the financial SHOCKS/PAGE 10

4

Opinion

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463-826-272-000 – VAT. Reg., and with Business Permit No. 2020-04015. Tel. Nos.: (088)856-3344, (088) 810-100, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com

Liberating the Poor & Oppressed in Kibaritan, Kalilangan KIM'S DREAM

RUFINO T. MAGBANUA Vice President for Business Development

JOE PALABAO Vice President for Marketing ROSE MARY D. SUDARIA, PhD Vice President for Finance MIKE BAÑOS Vice President for Digital

NELSON CONSTANTINO Editor-in-Chief

MIKE BAÑOS

JUN AYENSA

Motoring Editor

Regional Editor - Caraga

MIKE BAÑOS Contributing Editors

ATTY. ANTONIO S. SORIANO

JOE PALABAO

Feature Editor

2f, ICS Building Tel.No.: 881-0176 Tiano cor. Montalvan sts.

Legal Counsel

ATTY. MARIO T. JUNI

peter roxas

Cell No: 09352379999

Layout Artist

Juni Law Office Cruz Taal St., CDO Legal Counsel

IRENE DOMINGO-BANTOL Advertising

MANILA OFFICE: 9th Floor, Unit 918, CityLand Herrera VA Rufino Cor. Valero St., Salcedo Village, Makati City Tel. # : 5555392,Cell Nos.: 0955-366-5968 | 0918-527-5898 CECILIA FRESNIDO-HONRADE - New Marketing Manager DAVAO MARKETING OFFICE Door 223, Doña Segunda Bldg., CM Recto Ave., Davao City Telephone #: (082) 298-8815 Regional Mktg Manager-JOE PALABAO- 0926-8430152 Circulation-JOHN PAUL AQUINO, 0907-331-5640 OSCAR LEDESMA Bureau Chief, Bukidnon Contact No.: 0916-910-0019

Member: Philippine Press Institute Oro Chamber

Rise to the challenge (Part 2) T h i n k a m i nut e . . .” Not everything that is faced can be changed, but nothing can be changed until it is faced.” We are facing the most challenging time in human history. Our world population has exploded to 7.8 billion people! With far more people on the planet, we are running out of clean air and clean water. We have new extreme weather p atte r ns and probl e ms humankind has never faced before. We are trying to survive more killer tsunamis, hurricanes, earthquakes, floods, droughts, and other natural disasters than any generation in history.

AIDS (Acquired Immune Deficiency Syndrome) has already killed more than 32 million people—and there is still no cure in sight. In Africa, entire towns have only children left living in them because all the fathers and mothers are dead from AIDS. The United Nations reports that we are now facing the worst world hunger and famine in history. Every three seconds a child dies from hunger or lack of clean water.

THINK A MINUTE

JHAN TIAFAU HURST Deadly diseases and viruses can spread around the world very quickly. Add to all this our many conflicts, violence, and global terror, and our future is truly scary! We supposedly live in history’s m o s t “a d v a n c e d ” a n d “enlightened” generation, with our knowledge of science and technolog y exploding faster than ever. It’s said that human knowledge doubles every 12 hours! Yet, mankind still cannot solve our own most basic problems. “The human race has improved everything except the human race.”

A l l t his b ad ne ws and our human condition can RISE/PAGE 7

MON-TUE|JULY 25-26, 2022

Amazing Mayor Reymon Charl Gamboa follows Rule of Law

BUSINESSWEEK MINDANAO CORPORATION Publisher DANTE M. SUDARIA President/CEO ALLAN MARIO MEDIANTE Vice President for Corporate Affairs

VICENTE C. DELA VICTORIA Vice President for Operations JOE FELICILDA Vice President for Administration

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

ORLAN R. RAVANERA It was a great honor and privilege for the officers of the Kibaritan Farmers St. Peter Higaonon Tribe Agriculture Cooperative of Malinao, Kalilangan, Bukidnon Branch together with the former Under-Secretary/Chairman of the Cooperative Development Authority, Orlando Ravanera, to have met the amazing Mayor who have heard with sense of urgency pressing issues besetting the poor and oppressed farmers. . As reported by them to the honorable Mayor, they have gone to Davao City a week ago and had the privilege of reporting to no less than the very charismatic and amazing Vice President Sarah Duterte Carpio through her Chief of the Davao Satellite Office, Ms. Jean Dixon, the turmoil and horrible challenges that they are experiencing in Kibaritan since 2006.

They oozed with joy when they were assured that such urgent concerns will be acted by the Vice President in a week’s time. Be that as it may and with all due respect to the honorable Mayor, they felt obliged to have this development be reported to the honorable mayor and Sangguniang Bayan whom they believe should exemplify to the highest degree the Constitutional provision that “a public office is a public trust and that all officials of government must exercise their functions to the highest degree of commitment and dedication.” They sincerely expressed to the honorable Mayor that as an intrepid lawyer who ardently follows the rule of law, “you are that most awaited leader to put to rest the issues that have caused us and to our families, so much despair and sleepless nights because of grave social injustice, harassment done to us in gross violations of our human rights since 2016.”

They categorically asked, “how dare our lands in Kibaritan had been land-grabbed using pronouncement of military reservation as

an alibi! Until now, we are so puzzled why the 16,000 hectares which had been declared as alienable and disposable suddenly formed part of the 46,000 hectares military reservation?

Is the 30,000 hectares not enough? We are even more puzzled when our community in Sitio Kibaritan, with a Chapel and an Elementary School established in 1984 has been converted into a part of the firing range, with an Unidentified Explosive Ordnance (UXO) that caused the death of three innocent children on March 25, 2016 who were playing in the vicinity, devoid of warning or precautionary measures from the concerned military officials? Wasn’t that gross negligence and those responsible officials must be made accountable?”

They contented further that, “we are so puzzled why the more or less 100 hectares taken from us in 2020 are now converted into farming projects by military officials in cohort with business corporations. What is so painful was the unscrupulous fencing of the farm-to-marketroad, the destruction of our fences, the cutting

of our planted sugarcane in 2021, followed by cutting of cassava and “kamote,” and replaced by the planting of corn as ordered by the military officials.

Now these officials are planting fruit trees for their own self-interest.”

They are ardently raising so many questions. “Is that the way to convert our farms into military reservation?

Those who ordered were cutting our plants in presence of military gun men in gross violation of our human rights! We are farmers and farming is our livelihood to feed our children and to live a dignified life.

Apparently, the ones gaining from our lands are military officials for their self-vested interest in the guise of transforming our land into military reservation.”

They told the honorable mayor that” lately Hon. Mayor, we are treated as disposable wastes! as shown by the throwing of stone and hurting of Ms. Novelyn Pasague when she with lady farmers were planting corn in their farms by a certain Col. Ciriaco A. Lomas-e, Jr. INF (GSC) PA. Ms. Novelyn POOR/PAGE 7

God’s mercy and our sinfulness ON the memorial of St. Mary Magdalene on July 22, we are somehow reminded that God’s mercy is more powerful than our sins, no matter how grave our sins are.

We are reminded of what St. Paul said in this regard: “Where sin abounded, grace did more abound.” (Rom 5,20) It’s a consoling truth of our faith that is worth keeping in mind always, given the fact that we cannot avoid falling into sin one way or another. St. John in his first letter told us of this predicament in our life: “If we claim to be without sin, we deceive ourselves and the truth is not in us.” (1,8) Our sinfulness, defects and errors should not separate us from God. If anything at all, they should bring us closer to him, assured

that God’s mercy will never be lacking.

These two realities about our sinfulness and God’s mercy always should go together. We should always strengthen our conviction about the helpful relationship these two should have with each other in our life.

Whenever we feel the sting of our weaknesses and sinfulness, together with their antecedents and consequences, their causes and effects, let’s never forget to consider also God’s mercy that is always given to us, and, in fact, given to us abundantly.

What we have to avoid is to get stuck with one while ignoring the other.

Our sinfulness should be viewed in the context of divine mercy. And vice-versa: God’s mercy should b e regarded in the context of our

unavoidable sinfulness.

And from there, let us develop the unshakable conviction that no matter what sins we commit, no matter how ugly they are, there is always hope.

God’s mercy can take on anything.

Let’s always remember that Christ came not to condemn but to save.

And what causes him great joy is when we return to him repentant.

Besides, Christ shows us also how to handle the suffering and death that are the unavoidable consequences of our sins, converting them into a means of our purification and eventual salvation.

Let’s strengthen our conviction that Christ has a special attraction to sinners, that he is ever willing to forgive us as long as we show some signs of repentance that he himself, through his

HINTS AND TRACES

ROY CIMAGALA grace, will stir in us.

Let’s play the part of Peter who, after denying C hr ist t hre e t imes, realized his mistake and wept bitterly in r e p e nt a n c e . C h r i s t looked kindly on him and forgave him and even made him the prince of the apostles.

Let’s avoid playing the part of Cain and Judas who, after committing their crimes, ran away instead of going back to God repentant. Of course, in saying this, I am not at all judging MERCY/PAGE 7

5

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

MON-TUE|JULY 25-26, 2022

URC caps off Environment Month celebration with nationwide tree-planting event

U

niversal Robina Corporation (URC) culminated its celebration of Philippine Environment Month with a nationwide tree-planting initiative. From Bulacan to Davao, URC employees and volunteers planted over 6,000 seedlings through simultaneous tree-planting activities across 25 areas.

Under the theme “Protect Nature, Sustain Our Future,” this activity aims to promote the relevance of environmental awareness and protection; reinforce its values of environmental stewardship and planet-friendly culture; and capitalize on people engagement to promote environmental compliance and best practices.

“This is an important step in fulfilling our ambition of becoming a sustainable global enterprise. We cannot do all of these without the support of our partners,” said URC Chief Executive Officer Irwin Lee.

“We, in the Department of Environment and Natural Resources (DENR), encourage URC to continue to build on the success it has started and make more things happen”, DENR representative Jean Borromeo shared during the opening ceremony of URC’s Environment Month program.

URC held the treeplanting activity on June 25 to coincide with the celebration of Philippine Arbor Day. Employees from URC’s business units–Branded Consumer Foods Group, Flour and Bread Division, Sugar

PHOTO SUPPLIED

and Renewables and AgroIndustrial Group–planted endemic tree saplings, such bamboo, mangrove, narra and balitarhan, among others.

Aside from tree planting, URC also held several activities in celebration of Philippine Environment Month including a coastal cleanup in Sariaya, Quezon, sustainability-themed

webinars and sharing of best practices.

These activities are in support of the United Nations Sustainable Development Goal (SDG) 13 which seeks to combat climate change and address its impacts.

For this program, URC partnered with various organizations, such as the

Pasig City Parks & Playground Development Office, Clean and Green Pasig, DENR Environmental Management Bureau, City Environment and Natural Resources Office, Municipal Environment and Natural Resources Office, Philippine Ports Authority, and the local government units of the different sites for the

tree-planting sessions.

The month-long event was in pursuant to the Presidential Proclamation No. 237 series of 1998, declaring June as the month dedicated for the environment.

To know more about URC’s sustainability efforts, visit the URC corporate website: https:// www.urc.com.ph/.

6

Corpworld

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

MON-TUE|JULY 25-26, 2022

Science, tech, innovation key to driving economic growth: NEDA

T

HE interdisciplinary coordination of Science, Technology and Innovation (STI) will act as a catalyst in driving economic growth and addressing global risks and challenges, the National Economic and Development Authority (NEDA) said.

During the 44th Annual Scientific Meeting (ASM) held last week, NEDA’s response to the ASM resolutions u n d e r s c o r e d f o r e s i g ht planning and innovation as crucial to the growth and resilience of the country.

“PAGTANAW 2050’s emphasis on foresight is very timely, as foresight planning

enables policymakers to be proactive in identifying trends, looking for emerging issues and opportunities, and developing scenarios and strategies. Strategic foresight allows us to look beyond administrations as we navigate toward the collective vision we aspire for our nation,” Socioeconomic

Planning Secretary Arsenio Balisacan said.

Balisacan cited the need to accelerate and sustain economic growth to achieve Filipinos’ AmBisyon Natin 2040 through innovation.

“In order to transition to a high-income economy, we need to be the source of new ideas and new designs for higher quality products and services…In short, it’s about advancing a culture of innovation in the country,” he said.

Balisacan highlighted

that both visions of the National Innovation Agenda (NIA) 2032 of the National Innovation Council (NIC) and the PAGTANAW 2050 endeavor the country to be an innovative, prosperous, archipelagic, and maritime nation. “ T h e PA G TA N AW 2050 served as one of our inspirations in drafting the National Innovation Agenda. We also made use of the emerging technologies KEY/PAGE 10

Demand for retail space returning to pre-Covid level THE Demand for commercial space is supporting the growth of the country’s property market with the easing of tr avel restri c ti ons and recovery from the pandemic.

Real estate services company Santos Knight Frank reported Tuesday that vacancy rate in the commercial sector for the second quarter of 2022 was at 4.6 percent, which was close to pre-pandemic level.

Before the Covid-19 pandemic, vacancy rate for commercial space was at 3.6 percent in the fourth quarter of 2019.

“The easing of travel

rest r ic t ions, p ent-up demand for consumption, high vaccination rates, and the return to office (RTO) are all being cited for the recovery in brick-andmortar retail, a sector that saw many businesses closing shop during the height of pandemic lockdowns,” Santos Knight Frank said in a statement.

For the upcoming stores in Metro Manila alone, 32.7 percent of commercial space takers are for the food and beverage sector and 32.1 percent are for clothing apparel stores. “(T)he Philippines’ property sector is likely to see significant recovery in

the next two to three years into the administration of President Ferdinand Romualdez Marcos, Jr., as demand returns on both commercial and residential property,” it added.

With the government’s directive to register business process outsourcing (BPO) firms to the RTO last April, Santos Knight Frank has also seen an increase in activity in the office market.

“Second quarter was the first quarter for many employees to return to the office. With that, we also saw an increase in leasing activity for the first time in a while,” Santos Knight Frank senior director for occupier

strategy and solutions Morgan McGilvray said in a press conference.

However, vacancy rate in April to June 2022 period has remained high at 23 percent as 228,500 square meters of office spaces were added in Metro Manila in the second quarter of the year.

“Lastly, the Philippines, as with India, South Korea, Singapore, and most of Asia, is likely to see a greater rate of RTO for employees than the rate in developed Western economies. RTO in the Philippines is a result of both the office culture and the needs of its BPO occupiers,” the consultancy firm said. (PNA)

Isuzu PH keen of hitting 2022 sales target ISUZU Philippines Corp. is optimistic about reaching its sales target for 2022, a company official said, citing signs of economic recovery and purchases of commercial vehicles.

“So far, our target for this year [is] around 16,000 units and we are optimistic that we can hit that. Despite of all the challenges in the industry, we are still optimistic that this year will still be favorable for the industry, especially for Isuzu,” said Robert D. Carlos, Isuzu Philippines assistant division head for sales, on the sidelines of the car manufacturer’s 25th inaugural anniversary in Pasay City.

The models that are driving growth for Isuzu Philippines is its lightweight truck Traviz and pickup truck D-Max, he said.

Mr. Carlos said economic activity “is slowly going back and we can see the purchase of vehicles, especially for our commercial vehicles, particularly the Traviz, which is ideal for logistics delivery.”

He cited online shopping a s t h e re a s on f or t h e popularity of vehicles for package delivery as well as “fleet customers that are

purchasing trucks as they go back to their projects and businesses.”

He said Isuzu Philippines would continue to supply its vehicle brands despite supply chain issues.

“Our push models are the Traviz and the D-Max,” Mr. Carlos said. “I think almost all of the brands are experiencing supply problems. But we are still really trying to cope up.

We will supply everything that we have.”

Meanwhile, Mr. Carlos said that Isuzu Philippines plans to establish 50 dealerships across the country by the first quarter of 2023.

“S o far, we have 48 dealerships and counting.

We plan to hit 50 dealerships hopefully until next year.

Because of the coronavirus disease 2019 (COVID-19) pandemic, some are getting [delayed]. But hopefully next year, we can hit that and even more,” Mr. Carlos said.

“We’re targeting [the new dealerships in the] first quarter of next year. We have one [planned] in [the] Visayas and one [planned] in Luzon,” he added.

In 2021, Isuzu Philippines ranked sixth among car manufacturers in the SALES/PAGE 10

Pag-IBIG Fund finances 8,471 homes for low-wage earners in H1 2022

P

ag-IBIG Fund financed 8,471 socialized homes for minimum-wage and low-income members amounting to P3.67 billion in the first half of 2022, its top officials said Wednesday (July 20).

Socialized home loans make up 19% of the total number of housing loans financed by the agency from January to June this year. The amount, meanwhile, represents 7% of the total housing loans released by the agency for the said p e r i o d . Pa g - I B I G Fund posted recordhighs of 47,184 in housing units financed and P51.96 billion in home loans released during the first half of the year.

“We at Pag-IBIG Fund remain committed in pursuing our mandate to provide a hom e for e ve r y

F i l i p i n o w o r k e r.

With our Affordable Housing Program, achieving the dream of homeownership is made possible especially for minimum-wage workers.

The program’s lowest rates and longest payment term allow our members from the low-income sector to buy or build a home of their own,” said Pag-IBIG Fund Chief E x e c ut i v e O f f i c e r Acmad Rizaldy P. Moti.

Pag-IBIG Fund's Affordable Housing Program (AHP) is a special home financing program

specifically designed for minimum-wage and lowincome members from the National C apital Region (NCR) who earn up to P15, 000 a mont h , and from outside the NCR who earn up to P12,000 per month. Under

t h e A H P, e l i g i b l e borrowers enjoy a special subsidized rate of only 3% per annum for home loans of up to P580,000 for socialized subdivision projects.

Pag-IBIG Fund Deputy Chief Executive Officer for Home Lending

Operations Marilene C. Acosta, meanwhile, said that the AHP’s 3% rate translates to a monthly amortization of as low as P2,445.30 for a socialized home loan amounting to P580,000, making homeownership within reach of low-income earners.

“We first offered the AHP’s subsidized 3% rate in May 2017 to help more members, particularly those from the minimum-wage sector, realize their dreams of owning a home. With our very low rates, our members are able to enjoy a monthly amortization on their home loans that is lower than the cost of rent. And, since qualified borrowers

do not need to put out cash for equity under the program, payments are even more within budget of lowincome members. Makakaasa ang aming mga miyembro na patuloy nila k a m i n g k at u w a n g sa pag-abot ng kanilang pangarap na magkaroon ng s ar i l i ng t a h an an ,” Acosta added.

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

CDO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947

DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631

CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491

LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739

CORRALES BRANCH Corrales Ave., Cagayan de Oro City

CARMEN BRANCH Vamenta Blvd.,Cagayan de Oro City Tel. # (088) 231-2011

7

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

MON-TUE|JULY 25-26, 2022

Instantly send cash to a Metrobank account through PERA HUB branches Metropolitan Bank & Trust Co. (Metrobank) has expanded its partnership with remittance company PERA HUB, allowing individuals to conveniently send money to Metrobank account holders nationwide.

With this ser vice, individuals who need to send cash to Me t rob an k a c c ou nt holders simply need to: * Head to the ne are st PE R A H U B branch; * Accomplish their remittance form; and * S h ow on e ( 1 ) valid ID to the PERA HUB agent Senders can remit PHP 100 up to PHP 25,000, wit h a minimal fee of PHP 100 per transaction.

Meanwhile, recipients can easily withdraw the money they received f rom any EXTRA JUDICIAL SETTLEMENT OF ESTATE WITH DEED OF SALE K N OW A L L M E N B Y T H E S E PRESENTS: That the late HIMERIO S. GARCIA, JR. died intestate on November 27, 2019 in Cagayan de Oro City, leaving behind his abovementioned children as his only heirs; at the time of his death left behind a parcel of land, his capitol property with Transfer Certificate of Title No. T-104894 situated in the Barrio of Lumbia, City of Cagayan de Oro, Island of Mindanao, containing an area of TWO THOUSAND FOUR HUNDRED TEN (2,410) SQUARE METERS, more or less and Transfer Certificate of Title No. T-54935 situated in the Barrio of Lumbia, City of Cagayan de Oro, Island of Mindanao, containing an area of TWENTY TWO THOUSAND FIFTY FOUR (22,054) SQUARE METERS, more or less and has been the subject of an EXTRA JUDICIAL SETTLEMENT OF ESTATE WITH DEED OF SALE, filed by the heirs of HIMERIO S. GARCIA, JR., per DOC #151; PAGE #31; BOOK #210; Series of 2020 under the Notarial Registry of ATTY. EMMANUEL A. GAABUCAYAN. BWM: July 18, 25 & Aug. 1, 2022

EXTRA-JUDICIAL SETTLEMENT/ PARTITION OVER A PARCEL OF LAND AMONG HEIRS WITH DEED OF ABSOLUTE SALE KNOW ALL MEN BY THESE PRESENTS: That the late ANNA D. PEREZ who died on June 27, 2022 at WAO, Lanao del Norte, Philippines and died without issue at the time of her death left the following described parcel of land with Katibayan ng Orihinal na Titulo Blg. P-4646 situated at Barrio Indahag, City of Cagayan de Oro, Province of Misamis Oriental, Island of Mindanao, containing an area of THIRTY FIVE THOUSAND SIX HUNDRED (35,600) SQUARE METERS, more or less and has been the subject of an EXTRA-JUDICIAL SETTLEMENT/PARTITION OVER A PARCEL OF LAND AMONG HEIRS WITH DEED OF ABSOLUTE SALE, filed by the heirs of ANNA D. PEREZ, in favor of RODRIGO MAULA, per DOC #401; PAGE #99; BOOK #XIII; Series of 2022 under the Notarial Registry of ATTY. ISIDRO L. REVELO BWM: July 18, 25 & Aug. 1, 2022

Met rob an k ATM or over-the-counter in Metrobank branches for passbook account holders.

“This added service w i t h o u r p a r t n e r, PERA HUB, shows that Metrobank re m ai ns c om m itte d to our customers in improving our services and providing them with more accessible and convenient channels to conduct their financial transactions with us,” said Richard So, Metrobank Executive Vi c e P re s i d e nt a n d Retail Banking Sector Head.

Metrobank and PERA HUB has been in tandem in providing Filipinos with accessible remittance channels to help them send money to their loved ones wherever they may be.

About PERA HUB PERA HUB, the retail brand of

P E T N E T, i s g e a r e d towards providing complementary products such as money changing, bills payment, airline ticketing, cell phone loads, microinsurance and other cash and payment related s olutions to its growing market.

About Metrobank Metrobank is the

EXTRAJUDICIAL SETTLEMENT OF THE ESTATE OF FILOMENA FABRE WITH ADJUDICATION OF OWNERSHIP

c o u n t r y ’s s e c o n d largest private universal bank. The Bank believes that its robust capital position and balance sheet strength will provide ample support

as it navigates through these uncertain times.

Capital ratios are among the highest in the industr y, with tot a l CAR at 18.5% and Common Equity Tier 1 (CET1) ratio at

17.6%. Consolidated assets stood at P2.6 trillion as of end March 2022, making Metrobank one of the st ronge st and wel l capitalized banks in the countr y.

Republic of the Philippines REGIONAL TRIAL COURT 11TH Judicial Region Branch 29, Bislig City Surigao del Sur RE PETITION FOR COMMISSION AS NOTARY PUBLIC FOR AND IN THE PROVINCE OF SURIGAO DEL SUR

MISC. CASE NO. 2022-7-2414-L

KNOW ALL MEN BY THESE PRESENTS: The undersigned, are the surviving heirs of deceased FILOMENA D. FABRE who died a widow and without any child of her and without leaving a Will nor incurred indebtedness during her lifetime and remains the owner of a Time Deposit with the Philippine National Bank under Time Deposit No. 188045, namely; That the undersigned heirs being the sister and nephew/nieces by herself and as attorney-in-fact of the sisters of Filomena D. Fabre namely, Lea Fabre who is living and Pedrita F. Saraga and Jorgita Fabre Rañoa deceased, hereby adjudicate the estate of Filomena D. Fabre in common ownership according to their rights and participation of the deceased’s estate, namely; LEA P. FABRE, of legal age, single, Filipino citizen and a resident of Mahinog, Camiguin represented by her attorney-in-fact GRACE F. SARAGA NANTIN; JOSEPH F. SARAGA and FREDERICK F. SARAGA, for their deceased mother Pedrita F. Saraga, all of legal age, Filipino citizens and residents of Cagayan de Oro and Davao City herein represented by their sister as attorney-in-fact GRACE F. SARAGA-NANTIN with residence at Benoni, Mahinog, Camiguin; JORGITA F. RAÑOA, (deceased) represented by EMELDA FABRE RAÑOA as attorney-in-fact of children of Jorgeta F. Rañoa, herein attorney-in-fact for herself and in behalves of her principals which attorney-in-fact being of legal age, single, Filipino citizen and resident of Benoni, Mahinog, Camiguin; That we hereby adjudicate the subject time deposit of the Philippine National Bank, Mambajao, Camiguin Branch; That we hereby undertake to publish this extrajudicial partition in a newspaper of general circulation in the province of Camiguin.

IN WITNESS WHEREOF, we hereunto affix our signatures for and in our behalf and in behalves of our principal JUL 04, 2022 at Mambajao, Camiguin.

ATTY. SANDY MAE LINAZA ESPINOLA Petitioner, x------------------------------------------------/ ORDER A verified petition for Commission as Notary Public for the Province of Surigao del Sur, was filed today, July 4, 2022, by Atty. Sandy Mae Linaza Espinola, a resident of Purok 4, Barangay Pagtilaan, Lingig, Surigao del Sur, Philippines, praying that she be granted a commission in and for the Province of Surigao del Sur Philippines, for the calendar year 2022 and for the term ending December 31, 2023.

The Court finding the petition to be sufficient in form and substance hereby sets the summary hearing of the petition on the 28th day of July 2022 at 8:30 o’clock in the morning before the Session Hall of this Court, at which time, date and place, any interested person or persons may file a verified written opposition thereto, to be received by the court before the date of the summary hearing.

Let this order be published at the expense of the petitioner at least once in any newspaper of general circulation in the Province of Surigao del Sur, one (1) week prior to the scheduled date of the hearing of the petition.

Further, let copy of the petition together with the Annexes be furnished the President of the Integrated Bar of the Philippines, Surigao del Sur Chapter, and copy of this Order be posted in a conspicuous place in the Office of the Executive Judge, the Office of the Clerk of Court and one copy to be posted at the Bulletin Board of this Court prior to the scheduled date of the hearing of the petition.

SO ORDERED. GIVEN IN CHAMBERS, this 4th day of July 2022, at Bislig City, Surigao del Sur, Philippines.

(SGD) MERLYN B. PACARO-CAÑEDO Presiding Judge BWM: July 25, 2022

BWM: July 11, 18 & 25, 2022

8

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

MON-TUE|JULY 25-26, 2022

OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274

METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057

ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893

METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162

BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075

METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721

BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637

METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924

BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796

METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731

BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405

METRO BANK- GAISANO 8561720

BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819

LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

It is about Annika and her quest for freedom from her domineering Dad; her journey to discovering her true self.

Ang Paglaya: The Musical is written and directed by Maia FortichPoblete. It is presented in partnership with Liceo de Cagayan University.

It is one of the featured activities of this year’s

Higalaay Festival.

Pro duced by 7HS Productions and Oro Teatro Bulawanon, Ang Paglaya was first staged at Kampo Juan in Manolo Fortich, Bukidnon in May 2019. At that time, however, it was a straight play intended specifically for guests from Cagayan de Oro, Bukidnon, and other parts of the country who were there to enjoy a cultural and culinary feast.

Last year, the playwright joined Sulat Dula, a playwriting workshop

commissioned by the National Commission for Culture and the Arts (NCCA) and was encouraged to turn the play into a musical. The musical version was completed in May this year.

Ang Paglaya: The Music a l fe atures 13 original songs written, arranged, and composed by some of the cast members.

The first part of the story takes place in regular settings: Manuel’s house, the school library, the

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

STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168

LBP – VELEZ LunaVelez St. | 723549/8563198

Ang Paglaya: The Musical, is a simple story focused on relationships: t h e f at h e r- d au g ht e r relationship of Manuel and Annika, Annika’s longing for her mom Anna, and relationships with newfound friends from an enchanted place.

It is also about a father’s misplaced love for his daughter.

Tiano Bros St. Cdoc | 727083 /727082

EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331

LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678

n original Filipino musical written and directed by a Kagay-anon will be staged at Rodelsa Hall next month.

PLANTERS DEVELOPMENT BANK

SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632

FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678

A

Onstage at Rodelsa Hall for Higalaay Festival

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558

EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081

ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395

Original Kagay-anon Musical Ang Paglaya

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

SINGLE PARENT LOIDA A. PADILLA Teacher III City Central School Yacapin Velez Street, Cagayan de Oro City

The concept of family has already evolved over the years. Most of those who grew up in a family of conservatives would agree that both parents should be present to raise children to their success. However, that’s not always the case.

In today's society, even children raised by single parents are just as strong and successful as those w h o h av e b o t h . Now, although it’s not as easy for single parents to do so, it’s essential to reach out to friends or loved ones

and seek strength when it gets too overwhelming, especially when you are the only sole financial provider and head of the household.

But these difficulties mean nothing compared to when you f i na l ly me e t you r children.

From watching them learn how to walk to being able to achieve their life goals, it’s already a reward in itself. Proper planning, as well as showing love, respect, and positivity, can ensure that your children can thrive in life.

Diwa’s house. The second part of the story will take you to an entirely new world where you’ll meet diwatas, engkantos, and dwendes.

The original Filipino musical features Kagayanon artists who are mostly graduates of Liceo de Cagayan University’s S enior Hig h S cho ol Arts & Design strand.

Alternating as Annika are Christy Aboniawan and Mykie Sostinto, and playing the role of Manuel (Annika’s dad) are Bernard Alain Castro and Raven Joshua Zamora. Kareem Almirante and Dawid Rosh Mahilum alternate as Oren while Jay Abcede plays the role of Annika’s good friend Marco.

Playing the role of Anna, Annika’s mom, is Lovely Mae Daguimol.

Ju n a l y n A r r a b i s i s Tanesha. The three singing diwatas are portrayed by Jessa Bernaldez, Rowella Regatuna, and Hanh Felicity Agawin. Seff Timosan is Mr. Diwa while Kale “Bom” Ramos and Khiara Bucol alternate as Mrs. Diwa. Playing the special role of Lola Maharlika is Car-lene dela Cruz-Lagare.

The other cast members are: Henziel Gabriel Nagac, Steve Leevon Roa (Angelo), Zilpha

Kaye Ibañez (Barbara), Ira S ophi a Z amora, Zane Abigail Lucrecio, Earl Francis Quitoriano, Jonathan Kyle Pascua, Daniel Mijares, John Ric Timola, Rhea Angelique, Nova Grace B ontao, Brenlyn Lazo, and Karyll Mangubat.

P r o d u c t i o n management is by Jean Jacques Agbon. Stage management is by Zilpha Kaye Ibañez, Caro-lene Dela Cruz, and Phoebe Nickole Otero. Vocal coaching is by Jessa Bernaldez, Hanhn Felicity Agawin, and Franklin Toledo. Donie Galigao is the production’s Music Adviser.

Ang Paglaya will be staged at Rodelsa Hall on August 05 (Friday) and 06 (Saturday). There will be two performances per day, one at 3pm and another one at 7pm. Tickets for the 3pm show is at P200 while the 7pm show tickets are at P300 each. The proceeds of the musical will be for the benefit of the Liceo U High School Alumni humanitarian and special projects. You can book your tickets online here.

You can also visit the Ang Paglaya official FB page or the 7HS Productions page. For inquiries, you may call or text 0917-8708792.

9

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

MON-TUE|JULY 25-26, 2022

Shaping Future Filipino Tech Leaders with Shopee’s Global Leaders Program

T

he rapid growth and development of the tech industry over the last decade calls for a new way of molding future tech leaders. In order to keep up with the fast-paced industry, there is a need to equip future leaders with a global perspective and a constant desire to learn. Part of equipping them with such skills includes expanding their scope of work to enable them to gain new competencies and exposure to different peers, colleagues, business functions, teams, markets, and more—all of which are crucial in training future tech leaders.

This is exactly how Shopee, the leading e-commerce platform in Southeast Asia and Taiwan, develops young leaders in tech. The Global Leaders Program (GLP) is Shopee’s 2-year flagship graduate program open to final year students and young professionals with up to two years of work experience. The program consists of 4 rotations among Shopee’s different departments, 2 of which are overseas.

Throughout the duration of the training, participants are given the chance to receive mentorship from senior management, work on the end-to-end processes of highly impactful projects, and gain exposure from the various departments of both local and international Shopee markets.

Recently, Shopee Philippines welcomed its newest and biggest batch of GLP associates through a casual mixer to get to know one another, meet their sen-

ior management mentors, and heed advice from GLP alumni. The event introduced participants to the vibrant and collaborative culture at Shopee, and gave them a better understanding of what to expect as they begin their journey.

Karen Perez, Head of People at Shopee PH, shared “We are thrilled to welcome our largest batch of Global Leaders Program associates to date. As they embark on their journey at Shopee, it is our privilege to provide them with mentorship, a dynamic work environment, and meaningful work experiences. We are deeply committed to honing the skills of local talent and we look forward to delivering even more opportunities to help young Filipino professionals reach their full potential.”

This year’s batch of GLP associates is a diverse mix of fresh university graduates as well as previous Shopee

Apprentices and interns.

Included in the batch is Graciel, a GLP associate currently assigned to Shopee Xpress. She was a 2021 graduate of the Apprentice Program, Shopee’s flagship internship program. As an Apprentice, she worked under the Seller Operations and SeaMoney Credit team.

Likewise, Neal and Lovella, were participants of Shopee’s year-round internship program under the Marketing and Consumer Insights teams, respectively. A year later, they are now GLP associates and will begin

Republic of the Philippines SUPREME COURT Regional Trial Court of Misamis Oriental 10th Judicial Region Branch 44 Initao, Misamis Oriental 1st NOTICE OF EXTRAJUDICIAL SALE EJF File No. 2022-396 Upon Writ of Execution ordered by Judge Arthur L. Abundiente, Susana Rea Cabalida Monck, Filipino citizen, of legal age, with residence at Naawan, Misamis Oriental herein represented by Rilcs C Abueva against Marianita S. Strachan, Filipino citizen, of legal age, with residence at Naawan, Misamis Oriental, that the mortagaged property with an area of 4,000 square meters would be sold at public auction by the court sheriff and the proceeds of the sale would be then applied to satisfy the mortgage indebtedness which, as of January 8, 2021 amounts to ONE MILLION SEVEN HUNDRED THIRTY FIVE THOUSAND ONE HUNDRED NINETY PESOS AND EIGHTY FIVE CENTAVOS (Php 1,735,190.85), Philippine currency, including reimbursement of filing fees, legal interest and other costs, the undersigned or his duly authorized deputy will sell at public auction on August 22, 2022 at 10:00 a.m. or soon thereafter at the main entrance of the office of the Regional Trial Court, Branch 44, Initao, Misamis Oriental to the highest bidder, for cash and in Philippine currency, the following property with all their improvements, to wit: “A PARCEL OF LAND situated at Poblacion, Naawan, Misamis Oriental Philippines, under Transfer Certificate Title (TCT) No. T-39281, containing an area of FOUR THOUSAND (4,000) Square Meters.”

Prospective buyers may investigate for themselves the title hereinabovedescribed and encumbrance thereon, if any there be.

In the event that the auction should not take place on the said date, it shall be held immediately on the next working day without further notice.

June 20, 2022 at Initao, Misamis Oriental, Philippines.

BWM: July 18, 25 & Aug. 1, 2022

(SGD) JAY FRANCIS C. RATUNIL Sheriff IV

their first rotation under Business Development. On the other hand, Alyana had extensive internship experience in the fields of e-commerce and marketing.

She was able to successfully channel her knowledge and skills to begin her journey as a GLP associate under the Marketing team.

Alyana, one of this year’s GLP associates currently completing her first rotation under the Marketing department, shared “There is no better place for me to build my career in tech than at Shopee. As an avid user

of the app, I am excited to gain a new perspective on e-commerce through this experience. I am confident that the collaborative work environment and the mentorship that I receive from industry leaders will help me grow as a professional and further my career in tech.”

For Luca, another associate who started the first part of his GLP journey under the platform’s integrated mobile wallet ShopeePay, the overseas rotation aspect of the program appealed to him the most. He shared

“The GLP offers participants such a unique learning experience. I am looking forward to completing my rotations abroad and gaining regional exposure from the different Shopee markets at such an early stage in my career. I believe there’s so much that I can learn from immersing myself in different cultures and working under different departments and hopefully apply in our local context.”

Meanwhile, Graciel, who was previously a Shopee Apprentice, begins her GLP TECH/PAGE 11

The Essence of Critical Thinking Skills Maricel V. Bautista,T-III You probably hear this word throughout the years in school and everyday conversation but when we think about it, we may wonder what exactly critical thinking skills is and how can we help enhance it to our students?

Critical thinking deliberately analyze information to make better judgements and decisions , it involves using things like logic , reasoning creativity to draw conclusions and to comprehend things better. A broad skill that can be used in so many different ways and can be applied in so many different situations. This aids a student to reflect their points of views that will help to figure out how to make sense of the world, based on personal observation and understanding.

Today, as time is changing , teachers prioritized more on developing important skills and thinking that will prepare the students for navigating in the real world after school. In simple words, critical thinking is the ability to understand things and questioning the probable result of actions. This generation of students has been around the environment of huge information that mostly comes from the online sources and is very evident that there is a need to learn the evaluation of the things they study, hear around them and identify false information beyond superficial data provided.

It is vital that teachers will help in improving critical thinking skills for our students in school with every topic and subject. Students and teachers both need to get creative for

incorporating critical thinking skills in a better way; 1. Identify a topic in an objective way.

Whenever a certain topic comes to mind, regardless of the subject, the student must think about it objectively. The first step to be taken is by drawing a table mentally with the positive and negative of each side about the topic . This will help a student to get a better apprehension of the topic. Any opinion that will be made after this will be based on rational thinking.

2) Keep Asking .

A great way of improving critical thinking is to ask as many questions as you can, this will require the student to be curious about things. When one gets in the habit of asking questions, it will enhance the information on the topic and remove any doubts that they might have had. This also develops the ability of the student to analyze situations.

The thinking ability will grow as each subject will be looked at from a number of points of view.

3. Discussions with classmates.

Just knowing about a topic is not enough. A student must always remember that learning is a continuous process that will slowly bring about a positive and permanent change. For achieving this, one has to constantly get involved with peers in discussions and debates.

Students will start noticing that they are getting more interested in new topics and are learning things like never before. It also gives the student the ability to understand diverse

viewpoints. This will also help in understanding how other students think about a particular topic.

4. Read, read, and read.

For additional observation and discussion, there will be an exposure to student's thoughts to multiple ideas and different concepts if they religiously include reading in their everyday schedule. There are plenty and great quality of books that are available for a wider scope.

5. Record your observations.

It is important that each student must be working on improving their skills and get into the habit of writing things down. It can help as a reference that can be used in other similar situations , keep track of their improvement. When students inculcate this habit in their everyday life their critical thinking abilities improve at a faster rate and without putting a lot of hard work.

Critical thinkers continuously question ideas and assumptions They will always seek ideas to find whether the ideas, arguments and findings represent the entire picture .Our students must be critical thinkers that will help them identify, analyze, and solve problems systematically rather than by intuition or instinct. The more clearly they are aware of themselves, their strengths and weaknesses, the more likely their critical thinking will be productive . In more everyday language, it is a way of thinking about whatever is presently occupying our mind so that we will come to the best possible conclusion and solutions.

10

Shocks... from page 3

institutions absorb potential losses and allow them to have sufficient provisioning.

“To deal with potential credit losses, the BSP can stand ready to enforce regulations on those banks, such as by increasing retained earnings and restricting dividend distribution, so as to maintain a higher capital adequacy ratio until pandemic-related uncertainties dissipate,” it said.

AMRO also cited the importance of strengthening the role of a credit bureau to “enhance banks’ ability to conduct a comprehensive assessment of leverage.”

“In conclusion, while the stress-test shows that the Philippine banking system is quite resilient to shocks, there is room for more policies to support small and mediumsized banks as well as enhance the banking sector’s risk assessment and management,” it added. (PNA)

Growth... from page 3

the “Build, Build, Build” program. Among these priority projects receiving ADB f inancing are the Ma l ol o s - C l ark R ai lw ay Project and South Commuter Railway Project, both part of the North–South Commuter Railway System that will provide safe, fast, and efficient transportation to link Metro Manila to northern and

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

MON-TUE|JULY 25-26, 2022

southern Luzon provinces.

ADB is also financing the Edsa Greenways Project, which aims to improve the pedestrian experience along the main Edsa thoroughfare in the capital; and the Metro Manila Bridges Project which seeks to help solve traffic congestion in the metropolis.

(PR)

Graduate... from page 2

be the assigned office to filter the list to identify who would be included in the program as beneficiaries. Listahanan is the national targeting system of t he nat iona l government that identifies poor households after an enumeration every three years. (PNA)

Chief... from page 3

HSBC was to regularly build relationships with institutional funds and investors with businesses and interests in the Philippines.

Throughout the Covid-19 pandemic, Veloso has been directly working with leaders in the government and the banking industry to help support the overall economy.

Veloso was elected president of the influential Bankers Association of the Philippines (BAP) until March this year and has been a director at BAP since 2015.

At BAP, he helped frame rules and regulations together with the Bangko Sentral ng Pilipinas as well as legislators from the Senate and Congress with the view of helping enhance the efficiency and the effectiveness of banks and banking services –and their contribution to the overall economy.

Veloso also became PCI Bank’s domestic treasury head, as well as PCI Capital’s treasurer, from 1993 to 1994.

He also worked as Citibank’s fixed income portfolio manager between 1989 and 1993. His stint in Citibank has reportedly helped him further polish his treasury and trading skills, which eventually led to his rise as the “alpha male in the Philippine treasury market.”

Veloso earned his bachelor’s degree in commerce, major in marketing management, from the De La Salle University Manila, in 1986. (PR)

Poor... from page 4

was so hurt that she had to see a doctor and now has become sickly and in the verge of a nervous breakdown.” Apparently, the message of these military officials is clear as they instill fear to take hold of the farmers’ land. Is the enrichment of these officials means the dispossession of the poor farmers?

Honorable Mayor, there is so much to report as they expressed their utmost thanks. Thus, it is in this context that they are now sincerely appealing to the “Father of Kalilangan” for the conduct of a multi-agency meeting as soon as possible together with the Vice-Mayor, the honorable members of the Sangguniang Bayan, the Barangay Captain and if possible, concerned AFP officials and corporations with business engagements in the land-grabbed areas.

It is in this context that the requested meeting is requested by them to put in clear categorical term on WHERE ARE WE NOW? WHERE ARE WE GOING? & HOW TO DO WE NOW BRING BACK THE RULE OF LAW? They are hoping that finally they can put to rest all of these troubling issues which

for them are very elementary and simple but have become so horrible and complicated because of the outpourings of gospel of misinformation to justify what clearly are gross social injustices committed against them. They are ardently hoping and praying that the Hon. Mayor Reymon Charl Gamboa will finally be the much awaited “Father of the Municipality” to finally stop the on-going oppression of the farmers whose human rights have been grossly violated including the conduct of the investigation of the death of three innocent children.

As a native-resident of Kalilangan, the honorable Mayor has a clear understanding on the status of land that the former soldiers, the ancestors of the present occupants who have been unjustly evicted in gross violation of their prior rights. Their ancestors and their descendants have already acquired prior rights, Now, they are being evicted, and worse, being harassed. Honorable Mayor, as the Chief Legal Officer of DAR before in Region 10, and now the Mayor of Kalilangan, it behooves upon you to bring back the rule of law because in this country no one is above the law; all must bow down to the majesty of the law because we follow the rule of law and not of men. But apparently, the rule of law has not been followed but the rule of power and perhaps, money! It has become imperative that verification and investigation should now be done.

To you honorable Mayor, OUR FIRM SALUTE AND WARM EMBRACE!

only One Who controls the future.

As the song says: “I know who holds the future, and I know He holds my hand.” If you put your entire life in Jesus’ hands, you will be in the safest place in the world. Why risk another day?

Once and for all, won’t you ask Him to forgive you for all of your wrong living? Then ask Him to take charge of your heart every day? With Him in charge of every area of your life, you will never again need to fear anything. He is the only One Who can help you rise to every challenge you face, no matter how big. Just think a minute . . .

from page 4

from page 6

Rise...

understandably make us fearful about the future. We wonder if there is any place in this world that is absolutely safe and secure?

Yes, just one: in the hands of the

Mercy... from page 4

that they are in hell. That judgment belongs to God alone.

Let us also hope that God’s mercy would rub off on us too.

We have to learn to be forgiving, because Christ clearly told us that it is when we forgive others that we ourselves can also be forgiven.

“If you will forgive men their offences, your heavenly Father will forgive you also your offences.

But if you will not forgive men, neither will your Father forgive you your offences.” (Mt 6,14-15) We have to be clear that his injunction is meant for everyone, and not only for a few whom we may consider to be religiously inclined. That’s why when asked how many times we should forgive, he said not only seven times, but seventy times seven, meaning always.

Email: roycimagala@gmail. com

Sales...

country as it sold 14,424 units, equivalent to a 5.37% market share, based on a joint report from the Chamber of Automotive Manufacturers of the Philippines,

Inc. and Truck Manufacturers Association, Inc.

Key...

from page 6 identified in PAGTANAW 2050 to elaborate on how the future might be like for each of the ten priority sectors listed in the agenda,” he said.

The NEDA chief also re af f i r me d t he age nc y ’s commitment to promoting science, technolog y, and innovation.

“The formulation of the National Innovation Agenda and St rateg y D o c ument (NIASD) will be a good starting point. Let me reiterate that the NEDA fully supports the resolutions in PAGTANAW 2 0 5 0 p r e s e nt e d b y t h e National Academy in Science and Technology especially in the adoption of foresight in Science, Technology, and Innovation,” he said.

With the theme “ PA G TA N AW 2 0 5 0 : Agham Tungo sa Mabuting Kinabukasan”, the 44th ASM centere d on sust ainable futures and engaged local and international scientists and academicians.

“Indeed, we must promote Science, Technology, and Innovation not just to improve the way we do things today, but to make us better-prepared for whatever the future may bring,” he added.

The two-day annual event was sp earheaded by the National Academy of Science and Technolog y (NAST), an attached agency of the Department of Science and Technology. (PR)

11

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

MON-TUE|JULY 25-26, 2022

Tech... from page 9

journey with Shopee Xpress. “With the many processes and initiatives that we take on as GLP associates, it’s important to remember that it’s okay to ask for help. I’m grateful that Shopee fosters such a strong culture of collaboration and teamwork because I learn a great deal from asking questions and seeking advice from my mentors,” she shared on her experience navigating the workspace.

Shopee is always on the lookout EXTRA-JUDICIAL SETTLEMENT OF ESTATE WITH DEED OF ABSOLUTE SALE K N OW A L L M E N B Y T H E S E PRESENTS: That the late RONALDO P. MAAGAD who died on 21 July 2018 at Cagayan de Oro City; that the deceased left a parcel of land with Transfer Certificate of Title No. T-127124-A situated in the Barrio of Iponan, City of Cagayan de Oro, Island of Mindanao, containing an area of TWO THOUSAND FIVE HUNDRED FORTY TWO (2,542) SQ.M. AND LOT 5194-A-1 situated in the Barrio of Iponan, City of Cagayan de Oro, Island of Mindanao, containing an area of ONE THOUSAND THREE HUNDRED NINETY THREE (1,393) SQ.M., that FURTHER, FOR AND IN CONSIDERATION of the sum of PESOS: ONE MILLION FIVE HUNDRED THOUSAND (Php 1,500,000.00), Philippine Currency, to us in hand paid to our great satisfaction by the VENDEE, we do hereby SELL, TRANSFER, CONVEY and DELIVER, by way of ABSOLUTE SALE unto the said VENDEE, their assigns, all our rights and interests over a portion of the above-described parcel of land including all the improvements found thereon containing an area of ONE THOUSAND THREE HUNDRED NINETY THREE (1,393) SQ.M., and has been the subject of an EXTRAJUDICIAL SETTLEMENT OF ESTATE WITH DEED OF ABSOLUTE SALE, filed by the heirs of RONALDO P. MAAGAD, in favor of ROSALIE A. BERGONIA and EDDIE M. BERGONIA., per DOC #214; PAGE #43; BOOK #XIX; Series of 2022 under the Notarial Registry of ATTY. REJEE MAE C. NIOG. BWM: July 18, 25 & Aug. 1, 2022

EXTRAJUDICIAL SETTLEMENT OF ESTATE OF DECEASED ENGRACIO ENERIO K N OW A L L M E N B Y T H E S E PRESENTS: That the late ENGRACIO ENERIO who died intestate on November 9, 1976 at Iponan, Cagayan de Oro City; at the time of his death left an EXCLUSIVE PROPERTY which is a certain parcel of land with Transfer Certificate of Title No. T-11173 situated in Iponan, Cagayan de Oro City, containing an area of SEVENTY-THREE THOUSAND EIGHT HUNDRED AND SIXTY-SIX (73,866) SQUARE METERS, more or less (NOTE: 20, 000 sq. meters of which was sold by ENGRACIO ENERIO to TITO YEE on April 24, 1970) and has been the subject of an EXTRAJUDICIAL SETTLEMENT OF ESTATE OF DECEASED ENGRACIO ENERIO, Lot Description Lot 3576A area 6,735 square meters for ROBERTO Y. ENERIO SR., Lot 3576-B 6,735 square meters for ENECITA E. MAAGAD, Lot 3576-C 6,736 square meters for LUISITA Y. ENERIO, Lot 3576-D for NARCISO Y. ENERIO, Lot 3576-E 6,736 for LAURO Y. ENERIO, Lot 3576-F 6,736 square meters, for CASIANA T. ENERIO, ELEUTERIO T. ENERIO, FAUSTINO T. ENERIO AND CHARINA E, LAPONG, Lot 3576-G 6,736 for HOMER Y. ENERIO, Lot 3576-H 6,736 square meters for PEDRO S. YEE, ABEL E. YEE, CAMILO E. YEE, ARSIE E. YEE, GERARD E. YEE, NELIE Y. MAAGAD, CECILE Y. CAMPOMANES, EDNA Y. REYES AND NIRA E. YEE, Lot 3576-I 20,000 square meters previously sold to TITO YEE per Entry No. 22682, annotated in Transfer Certificate of Title No. T-11173, filed by the heirs of ENGRACIO ENERIO, per DOC #93; PAGE #19; BOOK #XXVI; Series of 2012 under the Notarial Registry of ATTY. MARIA NORA L. GONZALESCAGANG. BWM: July 11, 18 & 25, 2022

for local talent keen on becoming drivers of growth. Those looking to challenge themselves and build a career in tech may visit https:// careers.shopee.ph/.

Council... from page 1

also urged the use of the BARMM official logo in business license plates and official documents of the city.

It took three years until the city government finally recognized its inclusion to the BARMM because the former city administration petitioned the Supreme Court to declare null and void the result of the January 2019 plebiscite.

In petitioning the High Tribunal, former city mayor Cynthia Guiani-Sayadi said they documented all the violence, threats and intimidation that happened during the plebiscite.

Wit h t h e re s olut i on , Bangsamoro Local Government EXTRAJUDICIAL SETTLEMENT OF ESTATE K N OW A L L M E N B Y T H E S E PRESENTS: That the late JUANITA PAREÑAS ABARCA who died intestate on June 4, 1987 at the time of his death left a certain real property with Transfer Certificate of Title (TCT) No. T-24,787 and has been the subject of an EXTRAJUDICIAL SETTLEMENT OF ESTATE, filed by the heirs of JUANITA PAREÑAS ABARCA, per DOC #560; PAGE #97; BOOK #LI; Series of 2021 under the Notarial Registry of ATTY. JONATHAN M. PUNO. BWM: July 11, 18 & 25, 2022

EXTRA JUDICIAL SETTLEMENT OF ESTATE WITH SIMULTANEOUS SALE OF A PORTION PARCEL OF LAND K N OW A L L M E N B Y T H E S E PRESENTS: That the late NEMESIO DE GUZMAN, SR., who died August 9, 2001 at Lala, Lanao del Norte, Philippines, he left a certain real property with Technical Description TCT T-23,740 situated in the Barrio of Rebe, (now Maranding), Lala, Lanao del Norte, Philippines, Island of Mindanao, containing an area of TEN THOUSAND TWO HUNDRED TWENTY SEVEN (10,227) square meters, more or less, and has been the subject of an EXTRA JUDICIAL SETTLEMENT OF ESTATE WITH SIMULTANEOUS SALE OF A PORTION PARCEL OF LAND, that for and in consideration of the amount SIXTY THOUSAND PESOS (PHP 60,000) Philippine currency hand paid in Cash by BIRGINIA GONATO DEGUZMAN, of legal age, Filipino, widow and resident of Purok Apitong Maranding, Lala Lanao del Norte, receipt of which is hereby Acknowledged to our complete satisfaction we the above stated paries do hereby, DELL, CEDE, TRANSFER AND CONVEY by way of ABSOLUTE SALE the portion of the above described the above described parcel of land containing an area of six thousand fourteen more or less (6,014) including improvements found thereon, filed by the heirs of NEMESIO DE GUZMAN, SR., per DOC #75; PAGE #15; BOOK #LI; Series of 2022 under the Notarial Registry of ATTY. JONATHAN M. PUNO.

Minister Naguib Sinarimbo, a lawyer, said that “this will take the sail out of her (Guiani-Sayadi) boat, so to speak.”

In December 2020, then Department of Interior and Local Government (DILG) secretary Eduardo Año turned over the supervision of the Cotabato City local government to the BARMM. He said the turnover of the city to BARMM is in accordance with the Bangsamoro Organic Law (BOL). The turnover also includes the 63 villages from six towns in North Cotabato that voted for inclusion to the Bangsamoro region.

Commenting on GuianiSayadi’s petition, Año said during a press briefing then that it does not stop the operation of the law (BOL), which has been ratified by majority of Cotabato City residents during the plebiscite in 2019.

Leaders... from page 1

Ruben A. Vegafria, Regional Governor of the Phil Chamber of Commerce and Industry (PCCI10) and Conference Chairman for the Mindanao Food Congress, is looking forward to what specific actions the President will enable to EXTRAJUDICIAL PARTITION AND SETTLEMENT OF ESTATE WITH SALE OF A SEGREGATED PORTION OF LOT K N OW A L L M E N B Y T H E S E PRESENTS: That the late PORFERIO Q. TABASAN who died on September 29, 1973 and his wife LOURDES C. TABASAN who died on November 22, 1997 at Agusan, Cagayan de Oro City; COSMENCITO C. TABASAN who died on September 5, 2004 at Agusan, Cagayan de Oro City; PABLO C. TABASAN who died on September 19, 1993, at Agusan, Cagayan de Oro City, and MENILIO C. TABASAN of Balubal, Cagayan de Oro City; that the said deceased left the following properties with Tax Declaration No. G-393102 situated at Agusan, Cagayan de Oro City containing an area of 342 square meters, more or less, Tax Declaration No. G-393923 situated at Purok 2, Balubal, Cagayan de Oro City containing an area of 63,693 square meters, more or less, Tax Declaration No. G-371436 situated at Purok 2, Balubal, Cagayan de Oro City containing an area of 3,000 square meters, more or less, and has been the subject of an EXTRAJUDICIAL PARTITION AND SETTLEMENT OF ESTATE WITH SALE OF A SEGREGATED PORTION OF LOT, that finally, MENILIO C. TABASAN, VENDOR, has agreed to sell a portion of his share and the VENDEE, SEGUNDINA B. BORCILLO, of legal age, Filipino, widow, and a resident of Purok 1A Tablon, Cagayan de Oro City, has agreed to buy the portion of above-described property adjudicated in favor of the VENDOR, particularly Lot 62-C in the subdivision plan (Lot 62, PLSm-1098), containing an area of Nineteen Thousand One Hundred Seventy-Seven(19,177) square meters, more or less, in the amount of Two Hundred Thousand Pesos (Php200,000.00), Philippine Currency filed by the heirs of PORFERIO Q. TABASAN, LOURDES C. TABASAN, COSMENCITO C. TABASAN, PABLO C. TABASAN, and MENILIO C. TABASAN, per DOC #278; PAGE #56; BOOK #58; Series of 2022 under the Notarial Registry of ATTY. JUNALD J. RUBINO.

address the high cost of agricultural inputs.

Similarly, Efren Uy, Past President & Spokesperson, Misamis Oriental Filipino-Chinese Chamber of Commerce & Industry Inc (MOFCCCII) and currently Oro Chamber Chairman of the Board, would like to see tax exemptions on all farm inputs and agri machineries to lower the production costs of food products.

“As part of his election campaign pitch, President Marcos already saw the problem of agriculture and food sufficiency of our country. His taking the Agriculture portfolio was no surprise to us as it signaled his sincerity to bring more and cheaper food on every Filipino family’s table,” noted Oro Chamber President Raymundo Talimio Jr. However, Talimio is perplexed why his economic managers led

by Finance Sec. Ben Diokno are saying that the government’s priorities are health, education and infrastructure.

“The business sector is eagerly waiting for his 1st SONA with a hope that he will debunk Diokno’s pronouncements and push for Agriculture’s sustainability and sufficiency,” Talimio stressed.

“I believe he is trying his best to pursue his agenda of Unity and his nomination of various Cabinet members who may not have been in his camp during the last elections gives us hope that a unified administration will eventually lead to the country’s economic recovery after the covid pandemic,” said Elpidio M. Paras, Promote Normin Inc. President.

“As patriots for our country, let us all join hands to ensure that our nation moves forward and not look back!” he enjoined.

Besides the priority focus on agriculture, Uy also wants to hear more Enhanced Economic Policies, Incentives and/or Tax Reliefs to attain fast recovery, and a diligent review of all Gov’t To Gov’t & other Financial Institutions Loan

Agreements.

DA Unders e cret ar y for Consumer and Political Affairs Kristine Evangelista clarified that ensuring food security not only covers a sufficient rice supply, but prime commodities such as pork and poultry, eggs, and vegetables as well.

The President, Evangelista said, has ordered the department to study how best to raise farm production while tempering the cost of production by stabilizing the supply of commodities which would redound to affordable prices for end users.

Region 10 Agriculture Sector While the regional economy of Northern Mindanao has been steadily recovering from the effects of the global pandemic, it’s not out of the woods yet.

In her presentation during the Northern Mindanao Socio Economic Media Forum held 4 July 2022, Regional Development Council-X Vice Chair and NEDA-X Regional Dir. Mylah Faye Aurora B. Cariño said the agriculture sector was a top 3 contributor to the region’s growth in 2021 with 3.8% and remains one of its top employers with 38% of people employed, but its labor productivity ranked lowest at 64% lower than industry, 40% lower than services, and 36% lower than the regional average.

The Philippine government’s agricultural programs for the region are for rice, corn, high value crops, and livestock. Large portions of land dedicated to agriculture are used to grow coconut, bananas, pineapple, corn and rice.

PSA-X statistics show palay production in 2021 increased by 1.51 percent, with annual average yield 2.27% higher at 4.78 MT per hectare, and regional average annual rice sufficiency at 85.7 percent.

Corn production fared better with white corn and yellow corn production higher by 20.54 percent and 33.32 percent, respectively.

This enabled the region to attain a corn surplus with a sufficiency level of 144.32 percent in 2021.

For 2021, poultry and livestock live weight volume grew by 1.20 percent to 495,720 MT with all livestock and poultry commodities increased except for chicken.

Bananas accounted for 53.9 percent of the total production of major fruit crops in the region, followed by pineapple (1.668 million MT/44.6 percent share, calamansi and mango with a combine share of 1.5 percent.

Cassava accounted for the biggest share (85.8%) of the total production of major vegetables and root crops in the region in 2021 with 675,888 MT. Sugarcane accounted for 67.1 percent of the total regional production for selected non-food and industrial crops and had the biggest gain in production in terms of volume at 642,205 metric tons, although abaca (dried raw fiber) grew fastest at 24.4 percent.

While aquaculture had the biggest share of the total fisheries production in Region X (46.3%), it also recorded the biggest drop at -21.6 percent, equivalent to 15,111.87 metric tons. The volume of fisheries production dropped 16.3% to 118,112.40 metric tons in 2021, with all fisheries subsectors decreasing production for the period.

Overall however, the region was the 7th biggest regional economy with a 4.7 percent share of the country’s Gross Domestic Product (GDP) in 2021.

In fact, with a 5.1% growth in its Per Capita Gross Regional Domestic Product (GRDP), it had the 2nd highest in the Philippines. and highest outside the National Capital Region.

It was also one of the nine regions to surpass the Philippines growth of 5.7 percent with 6.3%, and was only one of four regions whose economy was able to rebound to pre-pandemic levels in 2021.

Republic of 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-2022-1132 Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118 filed by HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG FUND), as mortgagee JULIE ANN G. TAGALOGON, as mortgagor, to which the indebtedness as March 16, 2022, amounted to SIX HUNDRED TEN THOUSAND EIGHT HUNDRED SIXTY TWO PESOS & 51/100 (P 610,862.51), inclusive of interest and penalty charges, attorney’s fees and expenses of foreclosure, the undersigned will SELL TO PUBLIC Auction on SEPTEMBER 6, 2022 at 10:00 o’clock in the morning at the entrance door Regional Trial Court Branch-23, Goldbridge Bldg., Mastersons-Macapagal, Upper Carmen, 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. 137-2012000378 A PARCEL OF LAND (Lot 12, Block 15, Psd-10-053352, being a portion of 3891-P-2, Psd10-050786). Situated in the Barangay Canitoan, City of Cagayan de Oro, Island of Mindanao.

Containing an area of ONE HUNDRED SIX (106) sq. meters more or less.

BWM: July 25, Aug. 1,8, 2022 BWM: July 11, 18 & 25, 2022

All sealed bid must be submitted to the undersigned on the aboved-stated 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 18, 2022 in the City of Cagayan de Oro, Philippines.

Kagay-an Festival 1st Oro Lechoneros Encuentro Champion

(SGD) RICO A. REMALIG Sheriff IV

for Orders, Contact Yoyong:

09354145759 09169249371

BWM: July 25, Aug. 1,8, 2022

12

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

MON-TUE|JULY 25-26, 2022