BusinessWeek Mindanao (July 26, 2016) by Mindanao Daily News

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 021

Market Indicators As of 6:00 pm july 25, 2016 (monday)

FOREX

PHISIX

US$1 = P47.180

8,048.13

8.4 cents

23.78 points

Briefly

Food innovation WITH the vision of stirring innovation and creativity among food entrepreneurs, the Department of Trade and Industry Misamis Oriental Provincial Office along with the Department of Science and Technology and the Mindanao University of Science and technology thru the Northern Mindanao Food Innovation Center held a one-day Food Innovation Forum and Tiangge 2016 on 20 July in Cagayan de oro City. The forum intends to inculcate innovation and to encourage micro food industries to continuously do research and product development as essential for business, to be able to stay ahead, if not survive global competition. It is now the right time to innovate as micro food entrepreneurs are more equipped with the existence of the Northern Mindanao Food Innovation Center at Mindanao University of Science and Technology, Lapasan, Cagayan de Oro City.

BIMP-Eaga tech schools DAVAO City -- Technical Education Skills Development Authority XI expressed hope that the First BIMP-Eaga TechnicalVocational Enhancement Forum conducted early this week here would establish a network among technical educational schools in the area for possible teacher-student exchange, sharing of curriculum relative to the Asian integration for mutual recognition and arrangement within the region. Arlene Bandong, spokesperson of the TESDA XI at the Habi at Kape Press Forum in Abreeza Mall recalled that technical educational institutions from Brunei, Indonesia, Malaysia and many parts of Mindanao responded to the forum, participated by a hundred delegates. Bandong said the qualification framework is being worked out now by these countries now knowing that the educational level of students varies from the BIMP-Eaga member countries.

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Duterte: Gov’t to cut taxes, create jobs www.businessweekmindanao.com

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Tuesday | July 26, 2016

By KRIS M. CRISMUNDO, PNA

RESIDENT Rodrigo Duterte vows to pursue tax reforms under his administration.

In his first State of the Nation Address (SONA) on Monday, President Duterte said his administration aims to lower rates for both personal income tax and corporate tax. The Chief Executive noted that pushing for tax reforms will foster job creation as more investors will be attracted with the competitive tax rates here. In Southeast Asia, the Philippines has the highest rates for income and corporate taxes. Va r i o u s b u s i n e s s groups have been asking the government to cut tax rates in order to make businesses in the country more competitive. duterte/PAGE 11

FIRST STATE OF THE NATION: Supporters of President Rodrigo Duterte display banners and placards while marching towards the House of Representatives as he delivers his first State of the Nation Address in Quezon City yesterday. reuters / romeo ranoco

Militant groups welcome Duterte’s Senate to push for federal unilateral truce with CPP-NPA-NDF form of government: Koko By CRIS DIAZ, Contributing Editor

PRESIDENT Rodrigo Duterte’s order of unilateral

ceasefire with the CPP-NPANDF is a gesture of goodwill,

t h e B agong A ly ans ang Makabayan (Bayan) said Monday. truce/PAGE 11

Coconut products boom pressures supply in Davao By CARMELITO Q. FRANCISCO Correspondent

CURACHA. Fish vendors in Dapitan City display fresh deep sea crabs or curacha from the island of Silinog, between the island of Mindanao and the province of Negros, early Sunday morning, July 24, 2016. A kilo of curacha costs 200 pesos. Photo courtesy of JOE TORRES

DAVAO City -- Franklin Baker, Inc., which runs two coconut processing plants in Sta. Cruz, Davao del Sur, has been struggling with the sourcing of raw materials in the Davao Region, the countr y’s top co conutproducing area. Vi c e - P r e s i d e n t f o r Operations Cesar Q. Galvez, coconut/PAGE 11

By MindaNews

MALAYBALAY City — The Senate will move for the adoption of a federal form of government, newly installed Senate President Aquilino “Koko” Pimentel III said Monday. In his inaugural speech, Pimentel said the proposed shif t to fe deralism is part of the “Program of Government for Change that your majority senators have agreed upon, that will, hopefully, lay the basis for the development and progress of our country and people”. During the campaign, President Rodrigo Duterte had declared his plan to

Sen. Aquilino ‘Koko’ Pimentel III takes over as new Senate President.

amend the Constitution to pave the way for a federal form of government. Pimentel, who won the Senate top post by a vote of 20-3, announced the chamber’s legislative agenda hours before Duterte’s first federal/PAGE 11

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Local retail entrepreneurs must keep up with modern times: PRA

OCAL retail entrepreneurs must ke e p up w ith the modern times to succeed in the retail business as explained by a resource speaker and facilitator o f p r o fe s s i o n a l r e t a i l management during the Philippine Retailers Association (PRA) store op er ati ons s eminar in Cagayan de Oro City on 22 July. Francis Dela Cruz said to retail owners and managers in region 10 during the 6th Store Operations Seminar that customers are changing and retail techniques are changing. Retailers must be open to change especially

in ASEAN economic integration since this will involve free trade which will result to more competition and retail profitability. He said that there are only two desired results in a retail business: one is sales growth of at least 10% annually and achievement of sales or target plan. Managers and owners of retail outlets must be proactive and ready. He said customers have evolved. B as ed on retail sur vey, customers nowadays are 50% millenials which are 25-26 years old. These are the working force of the world and they are the ones working and spending.

He said that it is important to have a change in mind set for business owners to be able to compete. Dela Cruz said to be able to b e ef fective, an entrepreneur must have a

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energy booster and store facilities check. He further explained that customer interaction is so important to have a good customer experience and customer loyalty. This seminar is part of

the regional roadshow of PRA in coordination of the Department of Trade and Industry (DTI) to enable b u s i n e s s a n d c o mp e t e especially in ASEAN e c o n o m i c i nt e g r at i o n . (JMOR/PIA10)

Science, technology efforts to help improve lives, says DOST THE Department of Science and Technology (DOST) region 10 is in the frontline in terms of coming up with key efforts to provide more

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customer ready store. This includes store clearing, readiness for employees’ arrival, standard grooming of personnel, clean and tidy store, readiness of merchandise, attendance and manning, morning

DZBS 1368 Baguio DZRL 639 Batac DZTG 621 Tuguegarao DZKI 1332 Iriga DYKW 936 Binalbagan DYKB 1404 Bacolod DYKC 675 Cebu DXKO 1368 Cagayan de Oro DXKS 1080 Surigao DXKD 1053 Dipolog DXKP 1377 Pagadian DXXX 1008 Zamboanga DXKT 1071 Davao DXDX 693 General Santos

projects through science and technolog y to help most especially vulnerable communities in the region. During the ‘Talakayan sa PIA’ held in Cagayan de Oro on 21 July 2016, various projects and initiatives were discussed in line with the celebration of National Science and Technology Week. This included the government’s efforts in terms of advancement of technology e s p e c i a l l y o n w e at h e r instruments, innovation for health sector and research and development for drug discovery. One of the projects that the DOST launched this year is DIWATA microsatellite which was launched to space last April 2016. Diwata-1 also known as PHL-Microsat-1 is a Philippine microsatellite launched to the International Space Station (ISS) in March 23, 2016 and was deployed into orbit from the ISS in

April 27, 2016. It is the first Philippine microsatellite and the first satellite built and designed by Filipinos. According to D OST Regional Director Alfonso Alamban, the microsatellite can be used for improved we at he r d e te c t i on and fore casts, dis aster r isk management, and detecting agricultural growth patterns, among others. “It is now orbiting in space. It will be orbiting for 10 to 11 months. It was developed by team of Filipino scientists and engineers. There were nine of them and they worked in Japan, together with two universities in Japan and it was launched through the help of NASA,” Romela N. Ratilla, DOST chief science research specialist and assistant regional director said. “Because of the high resolution pictures it can get, it can locate the best beaches and also the aquatic

resources. It can also look at the underwater environment,” she added. On the other hand, during the Talakayan, DOST also gave a demonstration on the use of Rx Box, a device with built-in medical sensors capable of storing data in an electronic medical record, transmitting health information via the Internet upon the consent of the patient, and facilitating tele-consultations. Ratilla said the Rx Box can be used as a blood pressure monitor, pulse or meter, electrocardiogram (ECG), fetal heart monitor, maternal tocometer, and temperature sensor. She added that the Rx Box is capable of storing and transmitting the patient’s data to allow health workers in remote communities to consult with medical specialists in urban areas. Meanwhile, D OST Regional Director Alfonso improve/PAGE 11

CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

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Opinion

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tuesday|JUly 26, 2016

Aids doesn’t matter?

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He said there was no doubt that “we will continue to make progress. To really eradicate HIV/AIDS is going to be a long job but it’s not impossible, given the advances in medicine, given the advances in what we know about genes and how genes can affect it, given our advances in the best forms of treatment. Very important, too, is prevention - circumcision, condoms, change in sexual behavior, monogamy and so on. So I think it is possible but it is going to take a long time.” Yes, t here are plans for a new vaccine study. Delegates expressed great interest in the announcement made at the conference that promising results from an early safety trial with a potential HIV vaccine had paved the way for a major new study in South Africa. 5,400 volunteers will take part in trials for the experimental vaccine called HVTN 702 due to start in November. Ho w a b o u t o f f i c i a l and in-official figures and numbers for the Philippines? The alarming situation should be addressed immediately as this may lead to an epidemic. But, the topic AIDS has been, is and seems to remain a

hot potato, though only an immediate government inter vention is badly needed to stop the spread of AIDS. The Philippines is among the countries who posted dramatic increase of AIDS victims closely being monitored by the United Nations. AIDS doesn’t know any special season. Not the question “Sex first before love, or love before sex” is relevant. B esides all discussions regarding “proand-contra-life”, feminists’ sexual rights and freedom , using contraceptives or observing the safe periods in lovemaking, yes, what partners (married or not!) are doing is practically avoiding pregnancy. Chasteness and chastity seem to become more and more empty words. Ask the young generation and don’t wonder if you’ll mostly hear a plucky laughter. Not ONLY “pro-and-contralife-discussions” regarding pregnancy or non-pregnancy are important. AIDS-tests for married willing couples? So far so good, but how about the most of new HIV/AIDS infections following the UNstudy involving heterosexual men, gays, or those men who forced prostitutes to have

H ave M y Say

Klaus Doring

sex without condoms? How about drug users, who spread the AIDS virus because of using “dirty” injection needles? Worldwide, several immigration authorities require AIDS-tests before entering the country and/ or before a continuation of immigration permanent status documents processing. Especially depressing is still for many fellows the condemnation and ignorance of condoms - the only 99% sure HIV-AIDS protection as several times proved. AIDS doesn’t matter, what a fatal attraction for those people, who love to play Russian roulette. +++ Email: dor ingklau s@ gmail.com or follow me in Facebook or Twitter or visit www.germanexpatinthephilippines.blogspot.com.

Spiritual agenda for RP in Duterte SONA

Philippine Press Institute Oro Chamber

A Sinking Ship Think a minute…Imagine we are on a large ship out on the ocean. The captain knows that there is a hole in the boat and we’re sinking, but he does not tell us passengers. Instead, he invites us all to go up to first class. All the beer and liquor is free. We’re allowed to party and do basically anything we want on the ship. Naturally, we passengers are loving our freedom. But all the time we’re partying and getting drunk, the ship continues to sink. Each minute brings us closer to our death. So what? Let’s eat, drink and be merry for we’re all going to die anyway, right? We might as well go out in style and have fun while it lasts. This is actually the way many people live. They think they’re free—through alcohol, drugs, sex with anyone they want, cheating for more money or status, and anything else that makes them feel good for awhile. But their life is a sinking ship! Instead of being truly free, they’re actually slaves to their own appetites and uncontrolled physical desires for pleasure. Their life is empty and they’re desperately trying to fill it with all kinds of pleasures, prosperity, or power. Yet, even though they know in their conscience

Fo r f i v e d ay s , 2 0 , 0 0 0 delegates met in the South Af rican coastal city of Durban to take stock of progress made in the fight against HIV/AIDS, against a background of warnings that recent gains are under threat. The delegates to the 21st International AIDS C on fe re nce in D urb an came from more than 180 countries around the world. Most were from the worstaffected regions in subSaharan Africa and Asia. Nearly 20 million people in Africa are afflicted with the AIDS virus. South Africa has the highest infection rate in the world with nearly seven million affected. One of the senior HIV/AIDS research specialists in South Af rica, Profess or Jerr y Coovadia, presented a paper on the state of the disease in that country. Coovadia s ai d S out h Af r i c a ha d made enormous progress in curbing the spread of AIDS and providing treatment to affected people. But, Profess or Jerr y Coovadia is optimistic that the fight against AIDS can be won. South Africa has the largest anti-retroviral (ARV) program in the world with more than three million people on ARV treatment.

THINK

A Minute

Jhan Tiafau Hurst that none of these things satisfy them for long, they keep doing it. Jesus Christ did not come to bring us a lot of strict, boring rules that take all the fun out of life. He actually came to save us from hurting and destroying ourselves, so we can finally be free from our own greed and uncontrolled physical urges. As the Maker of life, Jesus’ commands are simply life’s principles for real satisfaction and success. His ways are like wings to a bird or sails to a ship. So why not finally get yourself free from your uncontrolled physical pleasures or greed? Just ask Jesus to forgive you and start changing you daily. Then you can begin to get the real satisfaction that lasts, not to mention be saved from sinking. Just Think a Minute…

LIFE’S INSPIRATIONS: “… With God’s help we will do mighty things, for he will trample down our foes…” (Psalm 60:12, the Holy Bible). -ooo SPIRITUAL AGENDA FOR RP IN DUTERTE SONA: As in past State of the Nation Addresses (SONA) in the Philippines, I wrote this column on the first-ever SONA of President Duterte hours before he delivered it on July 25, 2016. I didn’t know what he will actually be saying, but then, I am hoping against hope that he will complete his break from traditions on SONAs by coming up with a spiritual agenda for the entire Filipino nation during his six-year

term. When I say “spiritual agenda”, I do not refer to any participation by any church or religious group in matters of governance, nor to a favorable treatment of any church or group to enable it to strengthen its ranks. What I refer to is the deliberate laying down of policies that would strengthen the love and faith in God of Filipinos, no matter what their religions maybe. Pe rhap s , Pre s i d e nt Duterte can revive the post of a presidential adviser, wit h C abinet ran k, on ecclesiastical matters, which can be tasked with seeing to it that morality, probity, integrity, and righteousness

in government transactions and among its officials and employees are observed and complied with all the time. -ooo LEADING OUR PEOPLE TO A SPIRITUAL DIRECTION: I will be repeating myself here on account of my previous articles on the matter, but I will say it once more: the Supreme Court has already led the way on pursuing spiritual directions among its justices and judges and other court personnel, and even among lawyers and litigants, by requiring the recitation of an “ecumenical prayer for the courts” before any court hearing could start. This can be imitated by the

K akampi

Mo A ng Batas

Atty. Batas Mauricio Office of the President and by all the other departments under it, down to the barangay level. It can be decreed by Duterte, through an executive order similar to the freedom of information decree he issued batas/PAGE 11

Filling the existential void Many of us are familiar with those famous words of St. Augustine: “Our hearts are restless till they find rest in you.” These words indicate that we are actually made for God who created us in his image and likeness and to be children of his through his grace which he gives us abundantly. That’s why there’s actually a natural longing that we have for God. Thus, the Catechism teaches that “the desire for God is written in the human heart, because man is created by God and for God.” Besides, “God never ceases to draw man to himself. Only in God will he find the truth and happiness he never stops searching for.” (CCC 27)

The problem is that we can tend to deceptively pacify that longing, atleast for a while, with our own versions of God or with a series of worldly things. This is where we can talk about the so-called “existential void,” that many philosophers and thinkers of our time have already acknowledged and yet cannot be clear yet as to how it can be filled. Only God can fill that void, God who is everything to us. The problem is that in our effort to look for God, we find it hard to have a God outside of ourselves, that is, a God who transcends our senses, feelings and understanding. We want a God who is under our power. If we cannot fully

know or understand him, then he cannot be God. As a consequence, people who do not believe in God or who has another god aside from the true God, behave in an alienated way. They can entertain themselves with all sorts of earthly things, but joy and peace will continue to elude them. They can fake that joy and peace, but sooner or later, the falsity just cannot cope with the challenges, issues, problems in life. At least in ancient biblical times, the false idols were easily recognized. They were clearly man-made, graven images that had mouths that did not speak, ears that did not hear, eyes that did not

HINTS

and

Traces

Fr. Roy Cimagala see. Though they managed to mesmerize people for a while, it did not take long to expose them to be false. Today’s gods are more subtle. They are not objects cimagala/PAGE 11

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tuesday|JUly 26, 2016

CorporateWorld

PAL looks to replace turboprop planes

HILIPPINE Airlines (PAL) is considering the replacement of its old turboprop planes within the next two years, due to maintenance costs and a need to improve passenger experience. PAL President Jaime J. Bautista said the company,

however, would not replace all of its nine Bombardier Dash 8 turboprop aircrafts, which are used by subsidiary PAL Express. “We are now operating 9 turboprops. We’re working on a replacement for the older ones... Maybe next year or two years from now,” he told

reporters at the sidelines of a company event on July 20. Mr. Bautista downplayed the cost of replacing the aircraft. “It’s not too big because turboprop aircraft, you can buy it for as little over $20 million, unlike the jet aircraft which costs more than $50

million,” he said in a mix of Filipino and English. PAL is also considering to transfer its turboprop operations to Clark Int e r n at i on a l A i r p or t , Pampanga in an effort to decongest the Ninoy Aquino International Airport in Pasay City.

Smart: 95% of cities to have LTE coverage by end-2018

Coal demand in PH seen expanding

covering nearly 40% of the country’s 1,634 cities and municipalities by the end of 2016. It is targeting to deploy LTE to key cities and major municipalities by 2017, and eventually reach 1,551 cities and municipalities by the end of 2018. Also part of the plan is the PLDT unit’s further deployment of LTE-A (LTEAdvanced), also known as 4.5G. Smart fired up the country’s first LTE-A service in Boracay last April.

T H E P h i l ippi n e s’ c o a l consumption could grow by more than 1 million tons annually until 2020 as it expects to switch on more coal-fired power plants to support its economy, the head of a local industry group said yesterday. The Southeast Asian country’s consumption of the fossil fuel reached 22 million tons last year, and about 80 percent of that, or a record high 17.4 million tons, had to be imported almost entirely from Indonesia, the world’s top seller of thermal coal used in electricity generation. Higher Philippine coal demand could be good news for Indonesia though it might be insufficient to move prices in an over-supplied market. The Philippines relies heavily on coal imports as domestic supply, mainly from mine operated by Semirara Mining Corp , is not enough and the heat content is too low to be used in most of the country’s power plants. Imports in 2014 totalled 15.2 million tons, based on government data. “We’re looking at an increment of 1 million tons per year until 2020,” Arnulfo Robles, executive director of the Philippine Chamber of Coal Mines, told reporters on the sidelines of a power industry forum. coal/PAGE 11

from the telecommunications unit of San Miguel Corp. (SMC). The submission of the rollout plan was on e of t h e c on d it i ons imposed by the National Te l e c o m m u n i c a t i o n s Commission in approving the frequency co-use arrangement between Smart and Bell Telecommunications, Inc. This year, Smart plans to roll out LTE in 360 cell sites in Metro Manila, Metro Cebu, and Metro Davao --

Megawide in divestment talks with minority shareholder MEGAWIDE Construction Corp. is conducting discussions with a minority shareholder for its divestment in the company worth P23.20 billion in terms of market capitalization. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, the diversified engineering firm revealed ongoing talks regarding the possible exit of an unnamed investor. Megawide declined to disclose more details about the share divestment, which will require approval by company’s board of directors “The necessary disclosures shall be made upon arriving

at an agreement and proper Board approval,” the company told the local bourse. Megawide has 2,399,420,199 outstanding and issued shares, 23.74% of which are currently in public investors’ hands. The company, which listed on the PSE in February 2011, is participating in a number of public-private partnerships. Along with a partner, it won the contract for the Mactan Cebu International Airport, among others. The company reported a net income of P573 million for the first three months, a 55% increase from the P370

million booked for the same quarter in 2015. The improvement follows growth in consolidated revenue at 119% year-on-year, to P5.9 billion from P2.7 billion, with Megawide having sourced 93% from its core construction business. Construction revenues rose 134% to P5.5 billion from P2.3 billion due to revenues generated from new projects, including the Phase 1 of the Meridian Park of DoubleDragon Properties Corp., Le Grand BPO Cluster Phase 1 and 2 of Megaworld Corp., and three solar power farms.

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N Hotel (088) 8801924 Bunny Balabat as a hiphop human statue during the Cagayan de Oro Talent Center Ruby celebration opening last Sunday (July 24, 2016) at Limketkai Center Rotunda. Balabat is part of Realbrox Dance Crew which will compete in the World Supremacy Battlegrounds 2016 in Sydney, Australia this September. PHOTO BY Mark Francisco

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Juan Science, One Nation:

Environment

Filinvest One Oasis salutes National Science & Technology Week 2016 Highlights increased safety, durability, aesthetics & quality of life

Filinvest Land Inc.’s landmark project in Cagayan de Oro joins in the regional and national celebration of National Science and Technology Week 2016 with the Department of Science and Technology Region 10. To apprise its unit owners and the general public, One Oasis Cagayan de Oro highlights the technological advances and innovations inherent in its design and construction. Environmentally Sustainable Features benefit home owners & community Filinvest One Oasis Cagayan de Oro instead focuses on practical, eco-friendly features that actually benefit home owners (and not merely serve as marketing comeons for developers) and the community, among them: Materials Recovery Facility (MRF) Republic Act # 9003 (Ecological Waste Management Act of 2000) defines MRF as a facility designed to sort, process, and store compostable and recyclable materials efficiently and in an environmentally sound manner. · MRF is a low cost, do-able approach that

segregates waste materials for disposal or re-usable for resale or recycling. This sorting protocol has been proven effective in maintaining a clean environment and addressing related issues such as the unpleasant odors which are also eliminated. Sewage Treatment Plant One Oasis CDO’s Sewage Treatment Plant (STP) processes waste water and other effluents into safe, odor-free gray water which can be recycled for nonpotable use such as irrigating the community’s green areas. Detention Pond · One Oasis Cagayan de Oro complex has a drainage system which collects rain water in a detention pond as a floodcontrol measure. When rainfall is heavy, excess water from the detention pond is flushed into a nearby creek and can also be used by unit owners to wash their vehicles. · When an area like the OACDO community is paved, or covered with buildings, water runs off the property much faster than when it is in its natural state. The total amount of

discharge is the same, but the discharge happens over a shorter amount of time. · Thus, its water detention pond will temporarily detain the water and keep the runoff to the desired rate. When the rain ends, though, the water detention pond will be emptied shortly afterwards to another outlet leading to the river or sea, or stored underground for reuse and recycling. Each condominium building in One Oasis CDO will have seven to eight floors of residential units and a roof deck cum laundry area, two elevators for the residential floors and strategically located stairways, connecting all levels. Each 2 bedroom and 1 bedroom residential unit comes with a balcony and laundry cage for drying. Parking slots for residents are available for sale on a first come, first served basis. For more details, please visit Filinvest office at the ground floor, Bo’s Café Bldg., Don A. Velez St., 9000 Cagayan de Oro City or contact 0917-305-8888 or check its official page at facebook. com/oneoasis. cagayandeoro

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tuesday|JUly 26, 2016

Billboard 7 Limketkai Luxe’s Chef de Cuisine bags award on chefmanship academy Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

tuesday|JUly 26, 2016

nile v er Fo o d S olut ions (U FS) held its g loba l ly successful Chefmanship Academy here in the City of Golden Friendship last July 21, 2016 with the goal of spreading the mark of true chefmanship.

During the past years, the Philippine food industry has shown remarkable growth which is an appropriate time for UFS to support the various chefs all over the country who are being challenged by the increased competition in the market.

The Chefmanship Academy was first started last 2009 by UFS Germany to help restaurateurs and c he f s to i mprove t hei r businesses through a series of workshops and seminars. The training modules made for the workshop focused on Menu Planning, Counting Costs, Food Plating a n d P r e s e nt a t i on , a n d Banqueting led by Executive Chef Joa nne Limoa ncoGendrano, her Sous-Chef Carlos Aluning and their team. Through the session, the chefs shared important food trends, insights and learnings about running a food business For t he l a s t p a r t of the workshop, there was a c o ok i n g c omp e t it ion called Elite Chef Challenge wherein chefs from different re s t au r a nt s a nd hot e l s within the province were

tasked to prepare their best noodle-based dish using the ingredients provided by U FS i n a spa n of 45 minutes. From the 15 chefs who joined, the champion of t he sa id compet it ion was Chef Benjie from Limketkai Luxe Hotel. He prepared a del iciou s Thai-st yle seafood noodle soup that the judges loved. According to t hem, t he y chose his

dish because it was “very well thought out and well prepared”. The dish is called, Glass Noodles Seafood with Tofu in Coconut Milk Kaffir Lime Soup. The ingredients of which are the following: Glass Noodles (Sotanghon), Shrimp, Fish Cake, Kani Stick, Tofu, Coconut Milk, Kaffir Lime Leaves, Lemon Grass, Knorr Napoli, Knorr Sh r i mp Powder, K nor r Chicken Broth, Knorr Lime Powder, Fish Sauce, Fresh Shitake Mushroom, Cherry Tomato, Fr ied Sha l lots, G i n g e r, W h i t e O n i o n , Garlic and Chili. L i m k e t k a i L u x e ’s

General Manager Jerome F. De La Fuente, for his part commends Chef Benjie’s effort in creating dishes that do not just excites the palates but a dish that is poured with hardwork. Chef B enjie’s Gla ss Noodles Seafood with Tofu in Coconut Milk Kaffier Li me Soup w i l l a lso be a featured d ish at Kave Restaurant. For inquiries please call u s at (088)880 - 000. For reservations you may reach us at 09173124563. Facebook : limketk ai luxe hotel I n s t a g r a m : limketkailuxehotel_cdo

Japan Cultural Weekend to open at SM Lanang Premier SM Lanang Premier, in collaboration with Ambox Events and the World Cosplay Summit Philippines, is set to hold the Japan Cultural Weekend on July 29 to 31, 2016 at The Atrium. The Japan Cultural Weekend places on exhibit “Japanese Fashion and Tradition,” with focus on the traditional garment, Kimono. It aims to foster cultural exchange between Filipinos and the Japanese community. An assortment of Kimonos and accessories that go with these garments is to be showcased at

the said cultural exhibit. Among the featured items include: Uchikake, a highly formal Kimono worn only by a bride or at a stage performance; Furisode, a Kimono that features swinging sleeves for unmarried women; Homongi, visiting wear characterized by patterns that flow over the shoulders, seams and sleeves; Obi, the belt worn with Kimono with various tying styles; Yogi, a type of cotton quilt in the shape of a Kimono; and many others. Mallgoers can get the opportunity to see up close

30 Kimonos for men and women throughout the seasons. They can also grab the chance to wear Kimonos on July 30 and 31. Apart from the Japan Cultural Weekend, mallgoers can also enjoy special shopping deals during the Payday Weekend Specials on July 28-31 and exclusive 30% off or less Php30 on select items at SM’s 30th Anniversary Sale this July 30. For event updates, check out SM Lanang Premier on Facebook, Twitter and Instagram.

Banking&Finance

OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

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

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

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

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

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

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

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

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

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

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

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

METRO BANK- GAISANO 8561720

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

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

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

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558 PLANTERS DEVELOPMENT BANK

Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774

DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., SECURITY BANKVELEZ #61 Don A. Velez St., Velez Montalvan St., Cdoc | Cagayan de Oro City 728334/856632 Tel. # (088) 857-3631

CAMIGUIN EAST WEST BRANCH BANK B. Aranas St., Poblacion, Cogon De Oro Constraction Mambajao, Camiguin Bldg. LKK Tel. # (088) 387-0491 Drive 8500339/8500331 CORRALES BRANCH

LAPASAN BRANCH STERLING BANK OF ASIA Lapasan Hi-way, Tiano Velez CDO | 8528171/8528168 Cagayan deSt. Oro City Tel. # (088) 231-6739

Corrales Ave.,

FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

tuesday|JUly 26, 2016

Banks’ credit standards remain ‘unchanged’: BSP D ESPITE slight net tightening, banks’ credit standards for loans to both enterprises and households remain “broadly unchanged” for the past 29 straight quarters, according to a survey conducted by the Bangko Sentral ng Pilipinas (BSP). The BSP’s second quarter 2016 Senior Bank Loan Officers’ Survey (SLOS) – which uses two approaches, the diffusion index (DI) and the modal method – still sees an unchanged bank lending standards, except for very slight differences. Based on the SLOS report, lending to enterprises had most banks or about 87.1 percent of 34 surveyed banks said they did not revise or tweak their credit standards for these types of loans. However, the DI results showed some net tightening

on credit standards. The BSP said some banks had tighter standards taking into consideration stricter financial system regulations, their reduced tolerance for risk, less favorable outlook on certain industries or firms, and deterioration of banks’ portfolio. “In terms of specific credit standards, the net tightening of overall credit standards for business loans reflected stricter loan covenants and increased use of interest rate floors,” the BSP added. The modal approach basically looks at the option with the highest share of responses. In employing diffusion index, a positive DI for credit standards indicates that the proportion of banks that have tightened their credit standards are greater compared to those that eased or had “net tightening”. A

Smart: 95% of cities to have LTE coverage by end-2018

Bangladesh gov’t upbeat about chance of recovering stolen $81M

SMART Communications, Inc. s aid it exp e c ts to cover 95% of cities and municipalities in the country with its LTE (Long-Term Evolution) service by the end of 2018, as part of a three-year network rollout plan submitted by its parent Philippine Long Distance Telephone Co. (PLDT) to the industry regulator on Friday. In a statement, Smart said the expansion will make use of its existing frequencies as well as the new spectrum that PLDT had jointly acquired from the telecommunications unit of San Miguel Corp. (SMC). The submission of the rollout plan was one of the conditions imposed by the National Telecommunications Commission in approving the frequency co-use arrangement between Smart smart/PAGE 11

BANGLADESH may soon get part of the stolen $81 million following a court order to forfeit the $15 million that junket operator Kim Wong returned to the Anti-money Laundering Council in the course of the Senate’s twomonth hearings on money laundering. Bangladesh Ambassador to Manila John Gomes noted that “there’s already a partial judgment - where it is more or less agreed in court that this money should be returned to Bangladesh, so that’s a very positive step so that part is already decided. [The ] only thing is now we have to claim it.” In keeping with domestic laws, the government of Bangladesh will still have to formally claim the money and satisfy the court that it is the rightful owner of the funds. And as a separate state, international laws on mutual legal assistance will apply,

negative DI, on the other, means more banks have eased their credit standards compared to those that tightened or had “net easing”. In terms of borrower firm size, the BSP also noted a net tightening of overall credit standards for loans to large middle-market enterprises and small and medium-sized enterprises while loan standards for top corporations and micro enterprises were unchanged based on the DI approach. Results based on both the modal and DI approaches also indicated that banks anticipate unchanged credit standards over the next quarter “largely on account of banks’ stable outlook on the economy as well as on certain industries or firms, along with their expectations of an unchanged tolerance for risk.”

wherein the Department of Justice will go to court on behalf of the government of Bangladesh. Ricardo V. Paras III, chief state counsel at DOJ, pointed out that Manila does not have a treaty with Bangladesh, “so everything still has to be authenticated.” Bangladesh, he said, is “complying with it. I was informed the authenticated forms are already with the Department of Foreign Affairs, that they are requesting us to assist them in the recovery of the funds.” This adds a waiting period to the process but one that B ang l adesh completely understands. Gomes said “similar things would have happened in Bangladesh also. We would not have just returned the money just like that. As they have said, what will happen if there’s a claimant.” While $15 million will be repatriated in one or two

Lending to households also had unchanged overall credit standards. About 83.3 percent of surveyed banks said they are maintaining the same lending standards as in the past quarters. Banks said they have “unchanged risk tolerance and profile of borrowers” as well as a stable economic outlook. “Banks’ indicated unchanged loan maturities across all types of household loans, except housing loans, and steady use of interest rate floors for auto loans.” For the next quarter, based on both approaches, these same banks expect unchanged credit standards particularly for housing and credit card loans. The SLOS also includes real estate loans and the results likewise showed unchanged credit standards. bsp/PAGE 11

months, the Bangladeshi ambassador is currently lobbying senators for another round of Senate hearings to help them recoup the rest of the money. “I don’t believe that it’s not possible to recover the money,” said Gomes. He stressed that “going to jail . . . is not our issue,” adding that Dhaka is not interested about who in the Philippines will be sent to prisons. “Who’s going to jail and who’s not going to jail -- why should that be my problem? That is the problem of the Justice Department. My issue is the money, that belongs to me. Who is responsible? that is up to the Philippine government to identify and take them to task.” Despite the change in government, the envoy said they are confident that they will recover the stolen funds in full, banking on an assurance that President stolen/PAGE 9

SECURITY BANK- LKK Limketkai | 8801258/8801625

CDO MAIN BRANCH P & J Lim Bldg., Tiano Brothers EAST WEST BANK Sts., #5Kalambagohan Juan Sia Bldg. Apolinar Velez St.Cdoc Tel. # (08822) 727-829 * Telefax # (088) 856-1947 8578801/720081

Cagayan de Oro City INC. ENTERPRISE BANK Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395

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

UCPB BANK- LAPASAN

CARMEN BRANCH Osmeña Corner Lkk Drive,de Cdoc Vamenta Blvd.,Cagayan Oro City Tel. # (088) 231-2011 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

Accountancy students from Cagayan de Oro City have the time of their lives last week as they join the Mr. and Miss JPIA 2016 held last Saturday (July 23) at Maisie Van Vactor Auditorium inside Pilgrim Christian College main campus. PHOTO BY MARK FRANCISCO

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

tuesday|JUly 26, 2016

Stolen... from page 8

Duterte made to him during his courtesy call last month. “If the President is so serious about crime and corruption. then I feel that this is an issue which should be addressed also because this is also a crime committed against another country,” Gomes said. Ap ar t f rom t he $15 million, Gomes said he is also optimistic that another $2.75 million that AMLC has recovered from Pagcor and Solaire will be returned very soon to their government.

Sikat... from page 12

a lot of courage to pursue a dream and make it into reality. You have come a long way and this journey

of you and me as partners has only just begun. We will not stop until we will be able to meet the children’s needs and that we be able to endure and sustain the dream we have for this children. I will quote your words to me as you state,” To fight and not to heed the wounds, To toil and not to seek for rest, To labor and not ask for reward, Save that of knowing that I do Your most Holy will, oh God.” To Jonathan Mongcal you are an epitome to be look up to. An example to be like into, and heart that should be equal to. To Migs Siao of DILG thank for your undying support to the Kiwanis International Macajalar Bay and DEPED to the whole Check my school team Sikat Kayo mga Higala. Special thanks to my photographer Richfiled. SEDA CENTRIO Hotel manager Mr. Armand Angeles (third from right) with his staff. BWM Photo

Manager... from page 12

Seda hotel is opening. He did it for Seda Nuvali and likewise assisted in the Seda Centrio opening. Little did he know that he was coming back a few years later as its Hotel Manager. It was a new challenge for him, but he readily accepted. The hotelier, who has a BA in Business Management from Scotland ’s Napier University, is excited about his change of environment. “Every thing right now is different for me. Having lived in busy cities for most of my life, moving outside is a change for me,” Armand confessed. “Also, I know I now have a bigger responsibility resting on my shoulders,” he

added. Armand finds all these exciting. And he likes the fact that Kagay-anons are making it easier for him to adapt to his new environment. “Everyone, even the people welcoming me into the hotel, is just so friendly.” He admits, though, that he has yet to master the dialect. Aside from his people skills (he likes to go around talking to people) and his dedication to efficient customer service, Armand ’s strength lies in the fact that he has built a career with Seda. “I’ve grown up with the company. Its culture is ingrained in me.” He vows to pass on whatever he has learned to the Seda Centrio family. At the same time, he knows he will learn a lot from Kagay-

anons. Young as he is, Armand knows what he needs and wants to do to continue the relationship that Seda has started with Kagayanons and their guests. He knows the advantage the hotel has over the others. “In terms of service, we are up there,” he said. At Seda, everyone is treated like a member of the family. Guests who frequent the hotel are often surprised by how much the servers remember their preferences. It’s easy to extend personal service to guests. Hotel employees also communicate with each other freely, so that when a regular guest comes in, they immediately know what to do. One can say, “Mr. John Doe is here with

us again. Don’t forget, he likes his room this way,” and the others will easily pick up from there. These are small acts that create a big impact, and this is what Armand hopes to continue. “I really don’t want to do any thing drastically different than what my predecessor has already done here,” he said. His intention is to stay consistent to the brand ’s international standards and for Seda to continue growing. With his dedication and commitment, coupled with years of experience in the hotel industry, Armand is sure to achieve the goals he set for the hotel – and for himself – in no time at all. But, he’s not in a hurry. In fact, he intends to stay here for a long time.

BusinessWeek MINDANAO

motoring

Hokage Moves Suzuki Swift 1.2 A/T www.businessweekmindanao.com

Photos by Kit Elton Pilla

ince not everyone is a fan of Japanese cartoons, please pardon the anime reference of the title. According to the anime series Naruto, a ‘hokage’ is an honorary title bestowed upon the leader of the ninja village Konoha. In Filipino pop culture, the term is used in referring to a ladies’ man. He is someone who moves with seemingly effortless precision in order to sweep the girl off her feet. He is an expert ninja, in essence, only with a different purpose. If such a man were a car, it would be a Suzuki Swift 1.2 A/T. The Swift is powered by a 1.197 cc DOHC 16-valve VVT engine which produces 87 hp@6000 rpm and 114 nm@4000 rpm. Rather then relying on raw power, this peppy little hatch offer other endearing qualities that will over anyone who has a passion for driving. Unlike most three-bangers in the 1.2-liter segment, the Swift has four cylinders for a smoother drive. It is also probably one of the most nimble cars money can buy. It is as easy to drive in urban traffic as it is on twisty mountain roads. It is like having a 5-seater gokart. The Swift’s boxy dimensions makes it easier to the driver to maneuver it around tight spaces. You confidently determine where the body panels end

so easing into a parking slot is always a breeze. This also allow a relatively spacious cabin with plenty storage compartments. While trunk space is at par with most hatchbacks, the opening is a bit smaller and this might limit the type of cargo you can load. Yet, you can just fold down the 60/40 rear seats and the 210-liter cargo space becomes 533 liters. Stuck in a traffic jam? The Swift comes with a touch-screen entertainment system which will keep your passengers occupied. It is also GPS-ready, to help you find a way out of the congestion. Even with our daily driving conditions, I was still able to get an average of 10.5 kilometers per liter. That and a 42-liter tank will get you around 300 kilometers per fill-up. There is tilt adjustment on the steering wheel but no reach adjustment so you will just have to move the seat to find a comfortable position. The ride is firm but the trade off is that you get sure-footing no matter how you flick car around. The 170 mm ground clearance lets you roll over speed bumps without worries. With its premium interiors, sitting inside one is cause for immediate excitement and anticipation. Fully loaded with premium features and thoughtfully designed comforts, in the Swift, driving becomes a smooth

yet thrilling experience. The Swift’s bold and stylish design forms a silhouette like none other. Its unique spirited character now stands enhanced. Much like the mythical shinobi warrior, the Suzuki Swift does things with finesse and precision. If its sporty but easy-going nature is not enough to win you over then how about its P 678,000 price tag? Plus, you can drive confidently knowing that it is already equipped with ABS and dual airbags. To know more about the Suzuki Swift 1.2 A/T, you may visit www. suzuki.com.ph

Tuesday | July 26, 2016

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

tuesday|JUly 26, 2016

Duterte... from page 1

D uter te assure d t he government will attract more investments which generate high number of jobs for Filipinos. Duterte said the government will push for the country’s competitiveness, ease of doing business, and even relaxing some restrictions on economy to entice more investments in the country. He stressed the need to attract more investments in sectors of manufacturing, agriculture, and tourism. The Chief Executive also pushed to address bottlenecks in getting business name registration and permits, particularly in the local government level. He also commit that his administration will continue to invest in human capital. President Duterte, meanwhile, said the Presidential Communications Office (PCO) is drafting an Administrative Order on the Philippines Task Force against media killings. Duterte said his administration does not c on d on e v i o l e n c e a n d repression of media. “The bona fide media has always been our partner for change,” he added. (PNA)

Truce... from page 1

CPP-NPA-NDF stands for Communist Party of the Philippines - New People’s Army - National Democratic Front. Wildon Barros, Bayan regional chairman in Northern Mindanao, said that Duterte has shown sincerity in pursuing peace with the CPP-NPA-NDF. He said that a unilateral ceasefire is a positive start that would lead to a successful peace talks with the CPPNPA-NDF. Barros, however, said that militant and civil society groups in Northern Mindanao still want an assuring response from Duterte about the demands of the farmers and the marginalized groups in the country. He said that Duterte mentioned only in passing about the groups petition for a “CHANGE” to be thoroughly discussed during the State of the Nation Address (SONA). CHANGE stands for Cancel all anti-people laws, Health and social services, Address the root-cause of the insurgency war, National Industrialization, Genuine Ag r a r i a n R e for m , a n d Education for all. About 5,000 members of the civil society and progressive groups trooped f rom v ar i ou s are a s i n Northern Mindanao trooped to Cagayan De Oro and held a march-rally to dramatize their support of the Duterte SONA. The group held a peaceful solidarity march-rally toward the city’s downtown area in Divisoria Plaza here. Among the group who j oined t he march-ra l ly were the Bayan, Kasama

Bukidnon, Misamis Oriental F a r m e r s’ A s s o c i a t i o n , Kilusang Magbubukid ng Pilipinas, Kadamay, Gabriela, Kalumbay, and Kabataan. (PNA)

Coconut... from page 1

in an interview with the media, said the company has been seeking additional sources, especially with the projected increase in requirements within the next five years following the recent completion of its plant expansion in Barangay Darong. “There is really a huge demand for coconut products abroad,” said Mr. Galvez, noting that they are scouting for suppliers in other parts of Mindanao as well as the Visayas. The company produces coconut water and virgin coconut oil, among other products, mainly for the international market. Mr. Galvez said the company will be needing at least two million nuts a day as they increase the coconut processing plant to 10 lines from only two. Franklin Baker bought in 2014 the Darong plant from the CJ Toyota Tsusho Philippines, Inc., which used to process coconut shells into xylitol, a form of sugar used in products like gums and medicines. The other plant is located in a neighboring barangay. The company has also implemented an initiative to ensure that it is able to buy organic coconuts by offering premium prices to producers whose farms are certified as organic and have fair trade certification. “We are continuously training the farmers for them to be certified,” said Mr. Galvez. REPLANTING PROGRAM Meanwhile, the Philippine Coconut Authority (PCA) announced it is replanting about 13,000 hectares of coconut farms in the Davao Region. Rhoie Liza Recla, PCA regional technical staff, said the replanting should partly meet the increasing demand for raw materials from Davaobased processing plants such as Franklin Baker. As of last year, the region had about 407,000 hectares of coconut farms, of which about 79,000 are newly planted or part of the replanting program. This covers 31 million bearing trees and 7.6 million young trees. Ms. Recla said the agency is also working on increasing productivity, currently at an average of 60 nuts a year per tree. “The goal is to increase the production to at least 65 nuts annually,” she said. DIRECT LINK Mr. Galvez also called on PCA, other agencies, and local governments to help them develop direct links with the farmers. “The farmers remain poor because of the traders who buy coco products at very low

price but sell to companies with marked up prices,” Mr. Galvez said. He said the current farm gate price of coconut is around P7 each, but middlemen sell it to the processing plants at up to P11.50. Government, he said, should take the lead in organizing and educating the farmers. “So that the farmers will be organized, empowered and the best solution is to educate them. The farmers can’t break free from the middlemen if they don’t want to, and education should start the change in mind-set,” he said.

Federal... from page 1

State of the Nation Address. Aside from federalism, the Senate president said they will also work for peace; support the campaign against crime, drugs and corruption; reform the taxation system; strengthen the rule of law and make the justice system work; Reform the budget and declare a war on waste; call for sustainable and inclusive economic growth; protect the environment; deliver quality education and quality health care; fight abuse and the abusive. “ We will focus on the needs and the situation of the helpless and impoverished memb ers of Philippine society, especially the sick, the elderly, and the children, because they need the help of government more than the others,” he added. S e n at o r A l a n Pe t e r Cayetano, who had vied for the Senate presidency, was absent when session opened at 10:00am on Monday. Cayetano, a member of the Nacionalista Party, was Duterte’s running mate. T he Par t i d o Demokratikong PilipinoLakas ng Bayan, Duterte’s party, was founded by former Senate president Aquilino Pimentel Jr., father of the new Senate president. At t he Hou s e of Representatives, Davao del Norte First District Rep. Pantaleon Alvarez was elected Speaker on Monday. This is the first time that both Houses of Congress are led by lawmakers from Mindanao. (MindaNews)

Improve... from page 2

Alamban said they also want invest on making the Philippines at par with other countries’ performance in Science and Technology. Right now, he said that budget for research and development has increased. Alamban said he hopes it will be higher in the coming years to really be able to compete internationally. Furthermore, DOST is known for scholarships that they give to students who wants to enrol in any Science and Math related course. This year, they have more than 4000 scholars in the country. Support is also given to students participating in international competitions

in the field of Science and Math. The celebration of National Science and Technology Week include activities such forum on Great Business Opportunities, Student’s Day Quiz Bowl, Innovation/ Exhibition Day, Forum on Solar Power and Technology, D O ST Fo o d Nut r it i on Research Institute (FNRI) for Commercialization, Chamber presentation and closing and awarding ceremony. (Hazel Mae Pacturan/JMOR/PIA10)

Batas... from page 4

on the executive branch, that before transactions are carried out by those offices, a similar ecumenical prayer be recited by all. Then, barangay assemblies can be held nationwide on a regular basis, during which spiritual principles, particularly those found in the Books of Proverbs, Psalms, or Ecclesiastes of the Bible, or in similar parts of the Koran or any other holy book, can be read, without interpretations or explanations. The principles alone should suffice! -ooo EXPOSING FILIPINOS TO SPIRITUALITY: I am of the strong view that exposing our people, irrespective of their religious affiliations, directly to the Word of God (particularly the Holy Bible of Christians) would compel them to recognize that there are concerns that they must address in their day-to-day lives, other than their narrow personal and familial interests. C once r ns ab out t he welfare and rights of other people could be drilled into their consciousness, and hopefully turn them into individuals more caring of their fellowmen. Concerns about the environment and the degradation of nature that have been happening around us could be viewed from the point of view of spirituality. Then, concerns about re ceiv ing mater ia l and financial blessings could also be taken from various verses of the Bible or of the Koran or of other spiritual books. The objective here is to put our people on a spiritual direction that would enable them to imbibe age-old truths about how to live better lives by being allied with God, no matter how one conceives Him to be! -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 HOURS a day, in the Philippines and the world at www.facebook.com/ angtangingdaan or www. facebook.com/ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

Cimagala... from page 4

that one can see and touch. They too appear to be spiritual. They seem to have mouths that speak, ears that

hear and eyes that see. But really, they are nothing other than figments of our imagination, projections of what we want. In short, today’s gods are we ourselves. These gods can manage to engage us in some substantial dialogue. Usually in terms of what is practical, what is popular, what brings wealth, power and fame. The effect is that instead of going beyond ourselves to look for the God who created us, we enter more deeply into ourselves to make ourselves our own creator. In short, we become more alienated from the true God who is our Creator and Father. No matter what we do, what we accomplish, there is still that existential void that will continue to haunt us. But as our Catechism teaches: “G o d t rans cends a l l creatures. We must therefore cont i nu a l ly pur i f y our language of everything in it that is limited, imagebound or imperfect, if we are not to confuse our image of God–’the in expressible, the incomprehensible, the invisible, the ungraspable’– with our human representations. Our human words always fall short of the mystery of God.” (CCC 42) We need to strengthen our faith in the fatherhood of God or in our spirit of divine filiation. Again our Catechism teaches us that: “By calling God ‘Father,’ the language of faith indicates two main things–that God is the first origin of everything and transcendent authority, and that he is at the same time goodness and loving care for all his children.” (CCC 239) Like a child who unquestioningly trusts his father though he does not understand many things and how his father takes care of him, we should have the same trust in God whose will and ways are both knowable tous, at least in part, and mysterious on the whole. We just go with him, doing what we can do but leaving everything in him because of that filial trust. As Father, God will never leave us alone. One of the consequences of divine filiation is the guarantee that God will not permit anyone to separate from him, as long as we don’t want to. On the contrary, through his power and mercy, he will convert everything, including our negative things, into something for the good of all.

Coal... from page 5

“That’s a very conservative estimate,” he said. Robles welcomed Energy Secretary A l f o n s o C u s i’s p o l i c y statement earlier this month retaining coal as a core part of the country’s electricity generation mix while at the same time pushing aggressively for clean energy. Robles downplayed the impact of an Indonesian ban on coal shipments to the Philippines, saying only small vessels have so far

been stopped from delivering coal. Supply to the country’s power producers is delivered through large ships, he said. Last month Indonesia said a halt on coal shipments to the Philippines would remain in place because of security concerns, after seven Indonesian sailors were kidnapped in the southern Philippines.

BSP...

from page 8

About 90.5 percent of banks surveyed said so. However based on the DI approach, it continued to indicate a net tightening of overall credit standards for the second consecutive quarter. “The tighter overall credit standards for commercial real estate loans reflected banks’ reduced tolerance for risk and perception of stricter financial system regulations,” said the BSP. They also noted wider loan margins, reduced credit line sizes, stricter loan covenants, and increased use of interest rate floors. Still, banks said there is increased demand for real estate loans and these are funds used for working capital and inventory financing needs of borrowers. The BSP said the “clients’ improved economic outlook, and more attractive financing terms offered by banks” also contributed to the increased demand. “Over the next quarter, although most of the banks anticipate generally steady loan demand, a number of banks expect demand for commercial real estate loans to increase further,” said the BSP. T he SLO S w as f i rst launched in 2009 to “gain better understanding of banks’ lending behavior, w hich is an imp or t ant indicator of the strength of credit activity in the country.” “The survey similarly helps the BSP assess the robustness of demand conditions as well as conditions in asset markets, and the strength of bank lending as a transmission channel of monetary policy,” said the central bank.

Smart... from page 8

and Bell Telecommunications, Inc. This year, Smart plans to roll out LTE in 360 cell sites in Metro Manila, Metro Cebu, and Metro Davao -- covering nearly 40% of the country’s 1,634 cities and municipalities by the end of 2016. It is targeting to deploy LTE to key cities and major municipalities by 2017, and eventually reach 1,551 cities and municipalities by the end of 2018. Also part of the plan is the PLDT unit’s further deployment of LTE-A (LTEAdvanced), also known as 4.5G. Smart fired up the country’s first LTE-A service in Boracay last April.

BusinessWeek lifestyle

MINDANAO

Armand Angeles: Seda Centrio’s New Hotel Manager www.businessweekmindanao.com

“I’d like to think that I was born for the hospitality industry.” These are the words of Armand Angeles, the new hotel manager of Seda Centrio. Ever since he can remember, he has always wanted to be involved in something connected with the hospitality industry. Growing up, he wanted to be a chef and open his own restaurant. Then he realized that he was not cut out for a job in the kitchen; that cooking, for him, was more for entertaining. Luckily for Armand, his true destiny was waiting for him. After working in Edinburgh, Scotland’s The Bonham Hotel in various positions (duty manager, receptionist, and F&B associate), he found Seda. Or rather, Seda found him.

From October 2012 to July 2013, Armand was the Night Manager for Seda BGC (Bonifacio Global City), a pioneer who started with the pre-opening team. In July 2013, he was offered the position of Front Office Manager, which he held on to until January of 2014. Armand’s dedication and commitment to his job, coupled with his excellent people skills, led him to Seda Nuvali. He served as the hotel’s Front Office Manager from January 2014 to February 2016. In March this year, he was named OIC-Hotel Manager for the said hotel. In between his busy schedule managing the hotel, Armand also helps out in setting up the facilities and in training people wherever a new manager/PAGE 9

Tuesday | July 26, 2016

Seda Centrio Hotel manager Mr. Armand Angeles (3rd from right) huddles with Oro Chamber Vice president for business sector Anna Marie Medes, Tourism Director Catalino Chan III, Oro Chamber President Jeffry T. Ang, Publisher Dante Sudaria of BusinessWeek and Mindanao Daily newspapers, Oro Banker Past President and Trustee Efren Uy and Oro Chamber Vice President for Trade and Commerce sector Ruben Vegafria.

Sikat ka Higala By SHERYL MACALE

As a journalist/writer/ columnist I have spent years of investigation it is an obligation to know the truth, expose the truth and make the story out of it. I have interviewed so many important people but to capture my passion is to write about noble people. Thus this column existed. I like to go and find people that brings change and become an example that people will look up to and be like them. People with exemplifying talents that brings honor or people that are ordinary becomes extra ordinary because they have strive to pursue their dream no matter what the circumstance and challenges are. I find this subject very interesting to expound and gives me the greatest pleasure to tell their story today I will tell you about someone I met 2 years ago. I had the chance of meeting him in an interview during my

Radio Program before. He was the chairman of the Citizens Watch of Good Governance. Entailing the mission of the organization it has inclined itself to an NGO called Check My School. This is found to be a monitoring tool to check schools that has very sad situations, dilapidating ceilings, broken chairs, broken windows no water facility unusable restrooms, cracking walls to the need of books, computers , or lab equipment to anything that furthers and enhance or improve the quality and comfort of education. As I go through the interview I found that it is pure volunteerism. No compensation not asking anything return but just pure commitment to children. I found this very noble that I decided to support him not only on coverages but to also lobby

his advocacy. I decided to create an income generating project to be able to sustain the project and its needs.Thus making me one of the Stakeholder. Recently to put our plan in action check my school has coordinated with the Kiwanis International Macajalar Bay, DILG and DEPED to distribute school bags and school supplies to deserving grade 1 students at Kamakawan. Linanguhan and Palalan Elementary School all three locations are situated far flung in fact at the hinterlands difficult to be reached. The Kiwanis Internatonal Macajalar bay have somehow come up with Fund to support the giving of the school bags and supplies. The children were so delighted. Seeing the smiles of the kids makes my heart so delighted that at least I am a part of something

so noble that gives you a fulfillment that you are doing something good and that kindness is like a ripple it always comes back to you. He showed the changes done on all 3 schools from the repainting of desks and repainting the walls with beautiful paint and painting the Stage to adding classrooms to crowded students has made me so impressed by the changes it has brought upon. My heart melted with the children’s happiness it makes you want to go even further in helping the children. This man needs to bee applauded the effort he has put on to,the determination. the countless hours he has put his mind into in realizing this project and to even sustain it, it is such an overwhelming expenditure that it takes sikat/PAGE 9