BusinessWeek Mindanao (July 26, 2017)

BusinessWeek MINDANAO CREDIBLE

Volume VIII, No. 21

Market Indicators As of 5:30 pm july 25, 2017 (tuesday)

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PHISIX

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19

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Access Road THE provincial government of Lanao del Sur said the two access roads connecting Marawi City to the rest of the province will be opened only for humanitarian efforts and not for the general public. Rep. Zia Alonto Adiong (First District, Lanao del Sur) gave the assurance Monday amid concerns that opening of the Guimba Bridge and the national highway in Matampay would be exploited by the terrorist Maute group members to sneak out of the conflict zone. Adiong noted that the opening of the access roads has long been the request of the provincial government unit for the delivery of basic services to the residents living in the peripheries of Marawi. Lanao del Sur is comprised of 39 municipalities with Marawi as its only city and the province’s capital.

JICA loan for ARMM THE Japan International Cooperation Agency (JICA) will lend LandBank of the Ph i l i p p i n e s ( L a n d Ba n k ) as much as P1.76 billion to jumpstart agribusiness investments and raise farmers’ incomes in the Autonomous Region in Muslim Mindanao (ARMM) and other conflictaffected areas in the southern Philippines. The loan agreement is for the Harnessing Agribusiness Through Robust and Vibrant Entrepreneurship Support of Peaceful Transformation (HARVEST) program being implemented by LandBank. “The HARVEST program which we signed with (JICA) a few months ago is now ongoing,” Finance Secretary Carlos Dominguez III said at a recent briefing in Malacañang. “The terms (of the loan agreement) are very, very liberal. The interest rates are extremely low so you can almost say they are ‘semigrants’,” he added.

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Aboitiz keen to pursue Agus-Pulangui rehab www.businessweekmindanao.com

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DENR Agusan Sur to donate lumbers for Marawi rehab

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TALACOGON, Agusan del Sur--- Some 30,000 board feet or some 8,000 pieces of lumber from this province is now ready for donation to Marawi siege evacuees for the rehabilitation of their homes destroyed by the continuing atrocities in the battered city. Forester Charlie Fabre, Caraga regional director of the Department of Environment and Natural Resources (DENR), said the huge volume of the lumber materials of premium wood species is just awaiting go signal from President Rodrigo Duterte and DENR Secretary Roy Cimatu so they can proceed with the delivery to Marawi City in time for reconstruction works. Community Environment

Aboitiz Power President and Chief Operating Officer Antonio R. Moraza categorically stated that with the ‘overcapacity’ being experienced in the grid comes now the perfect timing for the overhaul of the hydropower facilities. But he qualified “studies would have to be made in order to determine how the proposed Agus rehabilitation be done and by whom.” While the company has not directly stated its interest to be the party to undertake the facilities’ rehabilitation, Moraza has vouched on their track record in the “restoration and bringing back to viable commercial operations” hydro plants that had been substantially derated or practically mothballed with ages of operations. Moraza particularly cited their foray leading to “successful rehabilitation of the Ambuklao hydroelectric power plant in Ifugao,” – that was a facility built in 1956 that had despairingly been abandoned by the government following aboitiz/PAGE 11

By CHRIS V. PANGANIBAN Contributing Editor

REHAB MATERIALS. More than 8,000 pieces of confiscated lumbers from Caraga region are bound for Marawi City to be used for rehabilitation efforts. (photo by herzon f. gallego, rpao chief, denr 13)

and Natural Resources Officer Achilles Anthony Ebron based here said the lumber materials intended for housing to displaced Marawi residents is part of the 40 percent production

share of Casilayan Softwood Development Corp (CSDC),.a holder of Integrated Forest Management Agreement that produced round wood for forestlumbers/PAGE 11

By MYRNA M. VELASCO, Contributor

EING a well-entrenched power industry player in Mindanao, Aboitiz Power Corporation is taking a first crack at the proposed rehabilitation of the 727-megawatt Agus-Pulangui hydropower facilities.

Minbizcon a go amid pullout of big firms By MARK Q. FRANCISCO Staff Writer

TENT CLASSROOM. Child evacuees from Marawi City hold classes under a tent at the madrasa in Ceanuri Subdivision in Camague, Iligan City. mindanews photo by h . marcos c . mordeno

M I N DA NAO’ S b i g g e s t business event is pushing through despite the pullout of some major exhibitors, organizers have said. Some of the firms that have decided to skip this year’s holding of the Mindanao Business Conference (Minbizcon) in September are multinationals that have been regulars throughout the event’s almost three-decade history, said Minbizcon chair, Ruben Vegafria. Many of t h o s e t h at have confirmed their nonattendance are US-based companies that are members of the American Chamber of minbizcon/PAGE 11

ISLAND RIDE. Motorcycles-for-hire patiently wait for the embarking passengers at the Port of Socorro, Siargao, Surigao del Norte on July 20, 2017. photo by jun ayensa

BUSINESS AS USUAL:

Cag. de Oro expected to ride out Marawi conflict, martial law extension By MIKE BAÑOS, Editor-at-Large

TOP officials of the National Economic and Development Authority expect the fall-out from the Marawi conflict and the extension of martial law

in Mindanao to have little, if not positive effects, on Cagayan de Oro City. D e s p i t e i t s r e l at i v e conflict/PAGE 11

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Economy Task Force to check, recommend measures on billboards, PEZA firms

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A TASK force will check and recommend measures to ensure that advertising companies are paying the right taxes and complying with pertinent billboard laws. The City Council committee on ways and means chaired by Councilor George S. Goking last week created a task force to come up with

measures to ensure that this and other related concerns are finally addressed. Earlier, the committee requested Office of the Building Official (OBO) OIC Architect Maria Conception A. Alcantara to submit a report on billboards and other similar structures erected within the premises

of the city and to check whether these installations are structurally sound. ILLEGAL CONSTRUCTION Based on the report of OBO, out of the 150 billboards installed from Barangay Iponan to Bugo, only seven billboards had secured permits from the

city. It was learned that most of the structures could not be granted permits due to noncompliance of the setback requirements as provided for under PD 1096, or the National Building Code. Ac c ord i ng t o OB O, the structural stability of existing billboards cannot

be ascertained since no applications for permits were submitted. In view of this, no technical and structural evaluation was made. Alcantara said the city should also implement guidelines in the sizes of billboards so that these can be aesthetically organized. “If ma-regulate, gwapo

kay ma-uniform tanan (it will look good once regulated as ever ything would be informed,” she cited. Councilor Goking said the task force will also look into and recommend measures about Philippine Economic Zone Authority (PEZA) -accredited establishments in the city.(SP)

BUTUAN City -- Staterun Social Security System (SSS), in partnership with the National Government (NG), has disbursed more than P4.61 billion for its

education beneficiaries since it rolled out the Education Assistance Loan Program (EALP) in 2012. SSS President and Chief Executive Officer Emmanuel

F. Dooc said around 81,200 student-beneficiaries have benefited since the program began. “ T h e pro g r am on l y started five years ago and

we have already served more than 73,000 members and their beneficiaries. This partnership with the national government is really meant to help our members finance

the educational need of their immediate family members,” Dooc said. “We wish that the program fund will continue to revolve among our member-

borrowers and future beneficiaries. So we also ask our successful beneficiaries, those who have already completed either a college loan/PAGE 10

MISAMIS Oriental -- The Department of Agriculture – Regional Field Office 10 through the Provincial O p e r at i ons C e nte r for M i s a m i s O r i e nt a l a n d Camiguin in partnership with the Provincial Agriculture Office of Misamis Oriental (PAOMO) has just conducted a two-day training for banana farmers on the enhanced technology farming and value chain to at the Tieza Garden of Malasag, Eco Tourism Village in Cugman, Cagayan de Oro City. Bryan M. Apatan, PAOMO agriculture specialist, said banana farmers are introduced to the state-of-theart different approaches in

farming system to landscape farms which is nowadays practiced by the farmers leading towards agri-tourism by adopting diversified/ integrated farming best practice technologies from production, marketing and distribution to consumers. “During the activity, topics to be tackled include cultural management for integrated/diversified production technology, pre/ post-harvest management, marketing/economic returns, value adding products and the re-entry plan workshop,” Apatan said. He also said the activity is attended by farmer practitioners and

l o c a l gove r n me nt u n it representatives. “It’s purpose is to train farmers/producers on the re c e nt te ch nol o g i e s of selected high value crops p ar t ic u larly b anana by adopting diversified and integrated farming system to be able to appreciate the introduction of technologies, its principles and concepts an d t o s h are t h e b e s t practices through farming innovations, adoption of combined customary and scientific approaches in farming technologies,” he added. The training also aimed at producing wellcapacitated banana farmers and practitioners, not only focused on the production aspect but further understand the marketing side, thus giving emphasis on the value chain which could give them better opportunity for the bigger market, added Apatan. (PIO)

SSS, NG release more than P4.6B for educ loan program

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DA-10 tackles banana farming enhanced technology, value chain

C AG AYA N D E O RO M A I N B R A N C H 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 CO R R A L ES B R A N C H 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 L A PA SA N B R A N C H 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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CorporateWorld

PH car industry grows fastest in ASEAN

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he Philippines posted the highest growth among ASEAN countries in production and sales of both four and two-wheeled vehicles in the first five months of the year, as it outperformed the region’s bi g g e s t m o tor v e h i c l e producing countries and markets. Data from the ASEAN Automot ive Fe d er at i on showed the region’s car production in the JanuaryMay period reached a total of 1,668,286 units or a flat growth from 1,664,864 units in the same period last year. Among the six car pro ducing count r ies in ASEAN, the Philippines posted the highest growth in production with 61,094 units produced in the January-May period this ye ar for an i mpre s s ive 38.4 percent increase from 44,129 units in the same period last year. T h a i l a n d , A S E A N ’s automotive production hub, registered a 4.7 percent decrease to 775,523 units pro duced f rom 813,505 units manufactured in the first five months last year. Indonesia, the region’s largest market, grew by a modest 5.8 percent only to 524,190 units from 495,479 units this year. Malaysia posted flat growth with pro du c t i on of 2 2 3 , 1 3 9

units. Vietnam’s production declined by 6.9 percent to 83,167 units in the first five months of 2017, from 89,334 units in the same period in 2016. Coming from a very low base, Myanmar actually posted the highest growth

in the region in terms of production. From a measly 382 units produced in the same January-May period in 2016, Myanmar’s locally produced cars grew 207 percent to 1,173 units in the first five months this year. In terms of sales,

data showed there were 1,355,585 units sold in the 8 ASEAN member countries. The sales performance was 8.5 percent higher than the 1,249,726 units sold in the same period last year. Indonesia, the region’s biggest market with a p opulation of over 261

million, registered total s a le s of 4 6 7 ,1 8 1 unit s, r e f l e c t i n g a 6 p e r c e nt growth over 440,639 units sold in the first five months of 2016. Meanwhile, production of motorcycles in the three countries in the region grew 17.4 percent in the

37 British firms partner with local companies DAVAO City -- A number of United Kingdom-based companies are collaborating with local firms on possible i nve s t m e nt ve ntu re i n Davao City. These were the companies that explored opportunities in Davao in previous visit spearheaded by the British Chamber of Commerce – Philippines. Chris Nelson, president of the British Chamber, said these 37 companies were part of the 50 companies h e pre v i ou s ly brou g ht to Davao City to see the opportunities here. Of the 50, two companies have started to firm up partnership with local companies. They are the YLF, an engineering consultancy firm and SeaGard, which of fe rs mon itor i ng and protection service for marine asset. Nelson said the British Chamber UK-based companies successfully do business in the Philippines.

Among them are Foster & Freeman, R&B Distillers, Pay Wi z a rd , Sy mp h o ny Environmental, and Yllume. The companies exploring Davao City are Anpario, A R U P, A s t r a Z e n e c a , B ol d Nat ive Adv i s ors , Energy Island Bell Pirie Ltd., GSK, Gluon, HSBC, JLT Insurance Brokers, Party Building Products, Pricewaterhousecoopers, Pru Life UK, Standard Chartered, Unilever, and Voltcom Group UK. ”This is a good number of return,” Nelson said. The companies are followingup support to the 10-point economic plan and clear objective outside of Metro Manila. He said they are also getting support from the British Embassy and the Department of Trade and Industry in terms of finding more opportunities in trade and investments. The companies,

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Nelson said, are showing i nte re st i n ag r i c u ltu re industr y, infrastructure, the information and communication technology, and engineering consultancy. Some want to build business and partnership on doing significant projects. According to Nelson, these are large investors in t he Phi lippines. He also recognized Filipino comp anies w hich have investment in UK. The British firms are among the foreign companies showing greater interest to Davao City’s potential. Nelson said, “We are really here because we want a follow up of the engagement that we started and we want to continue our relationship with DCCCII, the Mindanao Business Council (MinBC) and the Davao Investment Promotion Center (DIPC).” Nelson said the investors come from cross sector in the

financial services, energy, agri-business among others. The companies obviously are optimistic to market the Philippines as they look for business opportunities where the business development is already outside of Metro Manila. Davao City Chamber of Commerce and Industry, Inc. (DCCCII) chair Arturo Milan said the foreign investors’ presence during the 4th Investment Conference, which concluded on Saturday, is an indication on their confidence what Davao can offer. D av a o, h e s ai d h a s become Mindanao’s gateway to the world as a bustling metropolis, booming with e c on om i c a c t iv it y an d investment opportunities. Milan said Davao has become the gateway to the world of infinite investments and it will continue to partner/PAGE 10

January-May period this year to 1,530,959 units from 1,303,590 units. Likewise, the Philippines posted the highest production growth at 25.2 p ercent wit h tot al production of 503,811 units from 402,456 units. Thailand’s motorcycle production went up by 15.7 percent to 844,705 units from 730,218 units while Malaysia produced 182,443 units or 6.7 percent higher than 170,916 units in the same period last year. Sales-wise, the motorcycle market in the re g i on d e cl i ne d by 3 . 2 percent to 3,786,312 units in the January-May period this year from 3,909,672 units last year. Among the five ASEAN countries that submitted reports to the federation, the Philippines also posted the highest growth at 13.7 percent with sales reaching 504,931 nits from 444,062 units. I n d o n e s i a’s s a l e s declined by 9.5 percent to 2,321 units from 2,565,452 units while Thailand grew by 6.6 percent to 773,748 units from 725,552 units. Malaysia also grew 6.8 percent to 182,988 units from 171,261 units and Singapore sold 3,566 units or 6.6 percent higher than 3,345 units s old in t he January-May, 2016.

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Opinion

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The Power of Prayer

have my say Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

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klaus doring When tragedy strikes, it’s easy to harden our hearts and cry out, “God, why did you let this happen?” Maybe then, we started praying. Before, when everything goes smooth, we would not even think a minute about praying... . “ To b e a C h r i s t i a n without prayer, “said Martin Luther, “is no more possible than to be alive without breathing.” Prayer is the only way of becoming what God wants us to be. This is the reason, why Jesus spent many hours in praying. Unquest ionable, our

Kakampi mo ang batas

Philippine Press Institute

Batas Mauricio

The Greatest Job Think a minute…The Greek philosopher Diogenes said that when a son does wrong or behaves badly, it’s the father who should be punished since he’s the one who failed to do his job. Many men are successful in their public career and job, but failures in their most important job: being a father. One of the richest men in the world was the German Friedrich Flick. When he died, his personal fortune was $1 ½ billion. That’s 1 thousand, 5 hundred million! He owned 300 different companies and was respected as one of the smartest businessmen in the world. He seemed to make all the right moves. Yet with all of his worldclass success, wealth, and power, He could not control his own children. He could put big companies together, but he could not put his own family together. So after he died, his children fought for years over his money; and all the experts tried to clean up the big mess of broken pieces Flick left behind because of his failure as a father. So he actually died a poor man and failure at his most important job. The famous army General, D oug las MacAr t hur, is

think a minute

jhan tiafau hurst thought by many to be one of the greatest military leaders of all time. He led the Allied armies to victory over the Japanese in World War II. Later he was the leader of the United Nations forces in Korea. Yet even though he was such a great success as a military leader, MacArthur did not think it was his most important job or success. In 1942 he said this in a public speech: “By profession, I am a soldier, and take great pride in that. But I am much prouder, to be a father. It is my hope in life, that when I am gone, my son will remember me not from my victories on the battlefield, but from my leadership and example in the home.” In World War II, every morning General MacArthur hurst/PAGE 9

ones who initiate prayer. But prayers begin and end with God. There was a time, I wasn’t in the mood to pray any more. It seemed that God didn’t listen my prayer any more. I didn’t get what I prayed for. Of course, not... ! That’s not the meaning of praying to God. All my wishes will be granted? Heaven forbid! Sometimes, after we have prayed, God’s answers may puzzle us. But as time times goes by and as events unfold we see God’s purpose in His answers. We might get a larger vision, what HE likes. Not what WE like... . Think about it for a moment: How does the idea that prayer begins and ends with God affect me now? Do I have the habit of listening to God? How do I respond to Him? How do I usually pray? I c o n f e s s t h at l o n g t i m e a g o I h av e b e e n tr ying to persuade God to change other people

in my sur roundings or circumstances. Nothing changed. Of course not, what a fatal attraction? I got confused because God never granted my requests. Me anw hi le I got G o d’s answers to my prayers. Maybe very simple: I was willing to let God change me... .This is how each one of us should start. Happy endings. Because I prayed according to His will... . No w a d a y s , I l i v e a wonderful life in my s e c ond and l ast home, the Philippines. I never regretted to move here for good. I have ever ything I could ask for. I can do everything I wish to do. Thank you Lord for all the blessings. +++ Email: doringklaus@ gmail.com or follow me i n Fa c eb o ok , L i n ke d In or Twitter or visit www. germanexpatinthephilippines.blogspot.com or www. klausdoringsclassicalmusic. blogspot.com .

“AND BY THE WAY” debuts in Facebook

Member:

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needs bring us to a place of prayer. Confronted with danger or tragedies, as I mentioned earlier, we look for God’s help. Difficult times always caus e the hearts of men to turn to God into prayer. Let me ask you: How long has it been since your’re b r o u g ht y o u r b u r d e n s to God? Since you asked His forgiveness for your shortcomings? In his very interesting book “People in Prayer”, Dr. John White reminds us that prayer is a divinehuman interaction and it is always God who takes the initiative. White write: “God speaks and we respond. God is always speaking. To hear his voice is not usually a my s t i c a l e x p e r i e n c e. It consists merely of a willingness to pay heed to God who lays a claim to our lives.” Yes, God always speaks. It is up to us whether we will listen and respond to Him. Many think we are the

LIFE’S INSPIRATIONS: “… It is time for you to act, LORD; your law is being broken…” (Psalm 119:126, the Holy Bible). -ooo “AND BY THE WAY” DEBUTS IN FACEBOOK: I am experimenting on the use of Facebook as a news-commentary vehicle, by which matters of public interest can be shared around and ventilated freely, in the hope of elicting reactions

from people or organizations which are made the subject of the news-commentaries that often take the nature of a complaint or an expose. On a daily basis, I try to write on things I fancy about in places where I am brought by circumstances, and have them subsequently posted on Facebook under the title “AND BY THE WAY”. Interested persons maybe able to read these posts and also see the photos I take of the things I write about, at my Facebook account, www. facebook.com/attybatas. The following are some of the things I already wrote about. Please read on. -ooo C ORON AIRPORT BEDEVILLED BY UNKEPT ROAD: And by the way: It would appear to me that both Transportation Secretary Art Tugade and Tourism Secretary Wanda Teo have not

even visited the world-famous Coron Island in Palawan one year into their terms of office and one year into the Duterte presidency, and this is unforgivable, to say the least. You see, Coron is now drawing lots and lots of tourists, foreign and local, because of its scenic and breathtaking tourism spots. It is now enjoying a construction boom with the many hotels being built thereon. Yet, the very road inside the Coron Airport, the very first site that tourists will ever see of Coron, is truly a dirt road, unpaved, and unkept. I am sorry I failed to get pictures of that road, but, yes, many a time, it is as dilapidated as any dirt road in far-flung villages in the country. Are Tugade and Teo this uncaring of a great tourist spot with a potential

for bringing in millions of dollars in tourism revenue? -ooo CALAPAN CITY PORT’S PASSENGERS’ LOUNGE, A BOILING CAULDRON: And by the way: We are calling out the Department of Tourism once again, this time in connection with its failure, together with the Philippine Ports Authority and the Department of Transportation once more, to see to it that ports which form part of the so-called Philippine Nautical Highway--used by thousands of foreigners and locals daily at the same time---are wellmaintained. This time, I am talking about the Calapan City, Oriental Mindoro pier, whose passengers’ waiting lounge has now become a literal boiling cauldron, with its eight or so air-conditioning batas/PAGE 10

New amid the old, fresh amid the stale hints and traces

roy cimagala We have to find a way to be able to see the new amid the old things, the fresh amid the stale. It’s a matter of attitude, of a state of mind to be able to do this. If our attitude and thinking is mainly dominated by what our senses only can discern, then it will not be long before we fall into boredom and dryness in the things that we seem to be doing every

day. Even if our attitude and thinking is led by some comprehensive philosophies or ideologies and heavily propped up by the sophisticated modern sciences, technologies and the arts, it will not still be long before we fall into the same fate of boredom and dryness. These principles and motives can only go so far. They cannot last long. They cannot bear doing the same things over and over again ever y day, because they cannot see further than what is on hand at the moment, or even what is simply of worldly value. They are highly perishable items, with very short prescription period and brief effectiveness. It’s the grace of God that does it. It’s when we are driven

with love for God and for others that we can manage to escape the grip of routine and drudgery that can easily come to us if we happen to be doing the same things every day. And for most of us, we happen to be doing the same things every day. It’s God’s grace and love that can transcend the limitations of any earthly interest. With God’s grace, with love for God and for others, nothing actually will be the same even if materially, physically, socially, etc., things appear to be the same. It’s God’s grace, it’s love for God and for others that will make things new and fresh always. That is why many saints and holy men and women through the ages have always behaved in awe even if they appear to be doing the same

things every day. They may even be confined to some convents or monasteries, and yet are fully alive and driven. Some of them even have extraordinary experiences, like having ecstasies and levitations. When we are with God’s grace and driven by love for him and for others, we can experience what is said in the Book of Revelation, “Behold, I am making all things new.” (21,5) Somehow we can see how the rock can be turned into a pool, the flint into a fountain of water. (cfr. Ps 114,8) We have to do everything to be vitally engaged with God, always asking for his grace and developing our love in accordance to God’s love. That is when we can transcend but not contradict cimagala/PAGE 9

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CDO Developer’s Key Officer Serves as Judge at Enactus PH National Finals “IDC believes in the capacity of the youth to bring development in their communities by bringing in academic institutions, LGU, national government agencies and communities to work together,” says Ms. Clara Elizaga, Vice President for Sales and Marketing of pioneering condominium builder in Cagayan de Oro, Italpinas Development Corp. IDC ser ved among the judges of the recently

conducted Enactus Philippines National Finals 2017 held at SMX Convention Center, Manila, last July 7 to 8. ENACTUS is a non-profit international organization committed to inspire students in shaping lives and creating community development projects through entrepreneurial action. Enactus Philippines C h a i r m a n D r. J o s e P. Leviste, who is also IDC’s Primo Consigliere,

welcomed the participants from different universities and attende es business leaders coming from private and government sectors. Every year the global organization holds a competition to different countries with the aim to inspire university students in cre ating a mark not only in the field of the entrepreneurship but also in energy, environment and climate sustainability. For this year, Enactus

Philippines declared the Holy Trinity College of General Santos City as the national championship cup to represent the country to the Enactus World Cup 2017. Other winners are Sultan Kudarat State UniversityAccess Campus ( 1st Runner Up), Sultan Kudarat State University-Isulan Campus (2nd runner up), and Nueva Vizcaya State University (3rd Runner Up). by Kim N.

PHL gov’t budget deficit reaches P154.5B in 2016 THE Philippine government posted a P154.5 billion budget gap in the first half of 2017, higher than the P143.8 billion target for the period. Data released by the Bureau of the Treasury (BTr) Monday showed a 28 percent rise in the budget deficit from year-ago’s P120.3 billion. This, after expenditures rose by nine percent to P1.33 trillion, hitting the target, from year-ago’s P1.22 trillion. Revenues during the same period posted a lower growth of seven percent to P1.176 trillion against the P1.101 trillion in end-June 2016. Compared to the program, collections in the first half of the year is one percent short of the P1.192 trillion goal. Of the total revenues, the Bureau of Internal Revenue (BIR) collected P848 billion, eight percent higher than year-ago’s P783.4 billion but four percent short of the agency’s P881.7 billion target.

The Bureau of Customs (BOC) collected P210.3 billion, three percent down from its P217.7 billion target but 10 percent higher than year-ago’s P190.6 billion. Tax collection from Other Offices reached PHP10.8 billion as of end-June this year, up 20 percent from yearago’s PHP9 billion revenues and 28 percent higher than the PHP8.4 billion goal. Non-tax revenues for the period reached P107.3 billion, down nine percent from year-ago’s P118 billion but 26 percent higher than the P85.2 billion target for the period. ” T h i s i s m ore a s a result of the P16.6 billion undercol le c t ion in t ax re ve nu e s ,” Bu d ge t and Management S e c ret ar y Benjamin Diokno said in a message to reporters. The Budget chief, however, pointed out that “the higherthan-program deficit should

not be concern.” ”Annual deficit target is P482.1 billion. Expenditure is on the dot,” he said. Last June alone, revenues fell seven percent short of the P194.2 billion target after it only reached P179.8 billion. However, collections last June rose by two percent against year-ago’s P175.6 billion. Expenditures surged by 23 percent to P270.7 billion from year-ago’s P220.8 billion. It was also 28 percent higher than the P210.9 billion target for the month. “Underspending, the plague of the previous administration appears to be a thing of the past,” Diokno added. Finance Secretary Carlos Dominguez III expects better contribution from the BIR, which is tasked to collect around 70 percent of taxes, and the BOC in the next quarter.

” BIR and B O C w i l l certainly make up the deficit in H1 tax collection by Q3,” he said. The Finance chief also noted that the government is “expecting P30 billion from Mighty, which will wipe out the P16.6 billion under collection.” He earlier disclosed the offer of cigarette manufacturer Mighty Corporation to settle its tax liabilities amounting to P25 billion. He said the amount would reach about PHP30 billion once the value added tax (VAT) and other fees are included in the computation. Dominguez also cited the need for the approval of the proposed tax reform program to boost government revenues. “This also proves that we need the tax reform so we can collect more taxes,” he added. (Joann Santiago/ PNA)

DOF confident over Senate’s speedy passage of tax reform FINANCE Secretary Carlos Dominguez III expressed the hope that the Senate will swiftly pass the proposed Tax Reform for Acceleration and Inclusion Act (TRAIN) at the onset of its second regular s ession after President Duterte himself renewed his call for the Congress to urgently approve this me asure in his s econd State-of-the-Nation Address (SONA) last Monday . “With the President’s certification of the TRAIN bill as an urgent and a priority measure, complemented by the personal appeal he made before our lawmakers in his SONA, we are hopeful that the Senate will pass the measure soon enough so that it could be implemented possibly by the third or fourth quarter of the year,” Dominguez said. The House of Representatives approved w it h an over w hel ming majority of 246 votes the proposed TRAIN as House Bill 5636 last May 31. The Senate is expected to tackle the bill with Monday’s op ening of t he s econd regular session of the 17th Congress. In h i s S ONA , t h e President said that the

TRAIN is designed to be “pro-poor, especially when the people understand how the revenues will be spent.” H e s a i d t h e “p o o r and vulnerable are at the heart of tax reform” and congressional support for the TRAIN will ensure that its benefits “can be felt immediately” by these sectors. Mr. Duterte also cited the primacy of infrastructure investments as a way to sustain high growth over the medium term and attract more investments that will create jobs and help reduce poverty. Economic growth, according to the President, is contingent on ensuring a safe environment for the people, which is why he will remain relentless in his war against illegal drugs and criminality. T h e P r e s i d e nt a l s o gave marching orders to his Cabinet and all other government officials to implement ef fe c t ive measures to cut red tape and curb corruption. Besides the tax reform bill, Dominguez said he considers the DOF’s antired tape program and the substantial improvements in

tax administration as among the key accomplishments of the Department in the first year of the Duterte administration. The finance chief said that on his watch, the DOF was the only department able to put in place an anti-red tape program headed by Undersecretary Gil Beltran “and we’ve really moved forward with that.” Dominguez also said the DOF was able to submit to the Congress a tax reform bill less than 90 days into the Duterte administration, which was later approved by the House of Representatives last May 31 as House Bill 5636 or the Tax Reform for Acceleration and Inclusion Act, and is now under consideration by the Senate. As a result of the close coordination between the Bureaus of Internal Revenue (BIR) and of Customs (BOC), the government was able to nail down what he described as “potentially the biggest collection of taxes” ever from a single entity at one time in the country’s tax history, Dominguez said. He was referring to cigarette manufac turer Mighty Corporation, which, after three criminal

complaints filed by the BIR against it for using counterfeit cigarette tax stamps, has now offered to shutter its business and pay the government a total of P25 billion as settlement of its deficiency excise and income taxes. Dominguez said the total tax take of the government could reach P30 billion when the VAT and other fees are included in the computations of Mighty’s tax liabilities. “If you look at it, the coordination between the Bureau of Customs and the BIR have yielded us p ote nt i a l ly t h e l arge st collection of taxes from any individual at one time ever in Philippine history, And that is because the team works are going well, and we have been able to nail somebody, a really big fish,” Dominguez said. He also cited the DOF’s accomplishments in improving tax collections in the BIR and BOC, intensifying tax monitoring and enforcement, increasing remittances of the dividends of government-owned and controlled corporations, and cracking down against illegal lenders. (DOF-PR/ PNA)

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wednesday|july 26, 2017

Cebuana Lhuillier, now the Philippines’ largest lending network with launch of loans line

C

ebuana Lhuillier is now the largest lend i ng net work in the country with the nationwide launch of its loans offerings, which are now available in all of its more than 2,000 branches across the Philippines. Tr u e to it s go a l of answering to the changing financial needs of many Fi lipi nos, t he compa ny introduced collateralized and non-collateralized loan products obtainable with few requirements and an easy

application process. "For decades, Cebuana Lhuillier has been continuously innovating, upg rad i ng , a nd add i ng new products and services to provide better options in response to the various microf inancia l needs of Fi l ipi nos . Wit h t he nationwide launch of our microloans products with simplified terms, minimal requirements a nd basic qualifications, we hope that we will help more Filipinos a nd f ur t her promote

financial inclusion in the country," Cebuana Lhuillier President and CEO Jean Henri Lhuillier said. Ideal for both personal use and for business purposes, Cebuana Lhuillier’s loan products include: Pawn, Happy Loans, Gadget Loans, Easy Loans, and Lucky Loans, all of which are available in all Cebuana Lhuillier branches nationwide. Cebua na Lhu i l lier clients facing emergency and unavoidable personal expenses like tuition and

hospitalizations can avail of Happy Loans which offers loa nable a mou nts f rom P5,000 to P15,000, with a term of three months. Meanwhile, Gadget Loans is perfect for clients who prefer investing in technology by buying premium gadgets, including smart phones, tablets and laptops. These high-end gadgets can be used as collateral to a loanable amount dependent on gadget type and with a term of one month. In suppor t of t he

Oro Chamber former president Ruben Vegafria inducts new members of the largest MSME group in Northern Mindanao during rites held last July 19 at N Hotel in Cagayan de Oro City. photo by mark francisco

2nd Kagayhaan Gold Dragonboat competition is on This coming August 11 and 12, 2017, in time of the Higalaay festivities, dragon boat teams from all over the country will battle it out at the majestic Cagayan de Oro River for the 2nd edition of the Kagayhaan Gold Cup Dragon Boat Competition orga nized by JCI Kagayhaan Gold, Inc in partnership with S a fer R iver L i fe S aver Foundation, Inc. and Liceo de Cagayan Universit y. With the success of the 1st Kagayhaan Gold Cup last

year, The Junior Chamber International – Kagayhaan Gold chapter is anticipating a more vibrant run of the event this year. T h i s e vent a i m s to converge paddlers from around t he Phi lippines for an exciting river race t hat promotes peace, friendship, and love for the environment. It also aims to showcase Cagayan de Oro river, now well known for white water rafting, as a destination for water sports activities. This year’s theme,

Peace is Possible is an apt slogan to remind everyone that we can foster peace and harmony through friendly competition. Pocket events include a Riverside Cleanup, Fingerlings Release, and a unity paddling among race participants. Expected to race are tea ms from Manila, Cebu, Bohol, Iligan, Davao, Cagayan de Oro, Butuan, and Agusan del Sur. Supporting the event are Bugsay Pilipinas Technical Services, Kendle Boats, the

SM Store CDO, Recreational Outdoor eXchange (ROX) Centrio, Project LUPAD, The City Government of Cagayan de Oro, the City Tourism Council and the Provincial Government of Misamis Oriental. Viewing of the race is free to the public on August 12, Saturday from 7a m to 4pm via Liceo U Main Campus (Riverside area). For more information, call or text 0915-6998769. S e e you at t he 2nd KGCUP, mga higala! PR

government ’s ef for ts to promote and encourage the growth in the SME industry, Cebuana Lhuillier has also

i nt r o du c e d t wo m ic r o loan programs specifically intended to provide financial cebuana/PAGE 9

CSWD to train teachers in psychosocial therapy to IDPs By MARK FRANCISCO

PROF E S SIONA L psychologists and associates from the City Social Welfare Department (CSWD) of Cagayan de Oro will be training teachers on how to undergo psychosocial therapy to elementary and secondary students enrolled here who were displaced in the ongoing battles in Marawi City. Cit y S o c i a l Wel f a re Department chief psychologist Jayvee Leonen admitted on Thursday that they are overwhelmed with the large number of internally displaced persons (IDPs) that they are catering and their manpower is stretched thin. I n C a gay a n de O ro Cit y a lone, t here a re 14,994 persons displaced since the armed conf lict in Marawi City began in May. Of these, 2,946 are elementary and secondary graders temporarily enrolled in 40 public schools here. Leonen said they could not persona l ly prov ide psychosocial intervention to each one of them but t hey cou ld t ra i n ot her professionals to do so, in this instance the public school teachers. She said t hat CSWD modified its psychosocial inter vent ion modu le to tailor-fit the Maranao culture and the age demographic of the children. For t y publ ic s cho ol principals from Cagayan de Oro City attended a meeting with Leonen last Thursday to discuss the challenges that have emerged when IDP students began trickling into their campuses.

There were three common problems that needed to be addressed – many Maranaospeaking children could not understand the prevailing Cebuano vernacular, the students are demanding for Islamic prayer/ablution rooms and there were at least a dozen cases of bullying. Some obese IDP students complained that they were being shouted at “baboy”, which is doubly offensive for them considering that pig’s meat is sacrilegious for the Muslim Maranaos. One 14-year-old female seventh grader said she felt offended that some of her male classmates kept staring at her figure. Islam prohibits exposure of one’s figure especially when it is in a sexual context. Other students a lso avoided t hei r IDP counterparts, dubbing them as “Maute terrorists.” A l l t hese concerns could be addressed by the psychosocial intervention, according to Leonen. A l so pre sent i n t he meeting was Department of Education (DepEd) disaster response overseer Ronilda Co who announced that they are temporarily deploying t he d isplaced Ma ra nao public school teachers in Nor t her n M i nda nao to serve as translators to the Maranao-speaking students who could not understand Cebuano. In the meantime, a ll parents of the IDP students have undergone briefing on basic campus regulations for their children to be familiar with.

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Wednesday | July 26, 2017

Apple Tree’s SHORE-BREAKS 3 Skim boarding Takes Off

(Nor t hern Mi nda nao, Philippines)- Apple Tree Resort and Hotel’s SHOREBREAKS Skim boarding Competition successfully kicked off May 20-21, 2017 Now on its third year, SHORE-BREAKS successfully ret u r ned a nd gat hered enthusiasts, hobbyists, and professional skim-boarders from different municipalities in Northern Mindanao and the CARAGA region with 3 different categories: Kids, Advance, and Masters). 38 official participants, 21 for the Kids Category, 8 for Advance Category and 9 for Masters competed for the title as the Ultimate ShoreBreakers in the most exciting Skim-boarding event by far in the region. SHORE-BREAKS 3 was hosted and facilitated by Mr Steve Norman Ebonia, a professional skim-boarder and surfer, with the following as judges: Michael “Don” Magracia, Champion of the 1st Mati Surfing Competition and a Rider of the Northmin L ongboa rd i ng; R icha rd “Sasik” Dela Cruz, Champion of the National Skim boarding competition 2008 held at Bacuag, Lanuza, Surigao del Sur; Champion, 1st Lugait Skim boarding competition 2003, and Champion, 1st, 2nd, 3rd National Skim boarding competition (2004, 2005, 2006), Mergrande Ocean Resort, Davao City, and Isidore “Sidoy” Ebonia, 1st Runner Up, Open El-Kapitan Skimboarding Competition, El Salvador City May 2004, and 2nd Runner Up, 1stSundayag Sa Sea-Wall Skim-boarding Competition, Oroquieta City May 2005. O f t h e 21 o f f i c i a l participants for the Kids Category, 12 made it to the finals on Day 2. Crismar

By Clement Dampal II, www.BestSpotsPH.com

Known as Pirata X, a Professional Skim-boarder from Iligan City

Lariosa, from Opol garnered 51.34 points for the 7 final sets as the 2nd Runner Up (Rank 3). Curt Gaabucayan, was1st Runner Up (Rank 2) after pulling off an over-all 53.00 points on the 7 final sets, while Lester “Panoy” Rosal earned the title of Ultimate Shore-breaker for the Kid Category with impressive sets and 54.67 over-all points. For the Advance Category, 9 finalists showcased their finest sets on the Finals. War

A boy doing an overhead maneuver during the Kids Category Final Round.

Padiala, of Iligan City was 2nd Runner Up (Rank 3) with 48 points during the final sets. John Michael Tawakal, of Opol was 1st Runner Up (Rank 2) with 49 over-all points while Daykie Yana, also from Opol was declared the Ultimate Shore-breaker for the Advance Category with 50.34 points. In the Masters Category, 8 professional finalists from all over competed for this year’s title. RJ Edrozo, from Opol, was 2nd Runner Up (Rank

3) with 56 points. Dingdong Lagmay, from Iligan City with 60.67 over-all points was 1st Runner Up. Christian Quitat, also from Iligan City, was declared Champion for the Masters Category with 65.34 over-all points. He previously finished 1st Runner Up (Rank 2) Open Category in the Shore-breaks 2 Competition and placed 2nd (Rank 3) in the 1st Shore-Breaks Tournament. Christian is renowned for

his Flat Backside 180 degrees and/or Flat Frontside 180 degrees combining some FrontsideShuvits. Jelson Ortiz, from Tandag City, Surigao del Sur garnered an over-all 55.67 points in the Masters Category eventually finishing 3rd but won the Best Trick Award. Winners were judged based on the following criteria: Creativity – 40%; Difficulty – 30%; Smoothness – 20%, and

Audience Impact – 10%, for a total of 100% with 7 sets. All other competitors received complimentar y tickets during the Endless Summer Pool and Foam Party last May 21, 2017. The SHORE-BREAKS 3: SHORE-BREAKS 3: Skimboarding Competition is presented by Apple Tree Resort and Hotel in partnership with Tangcalagan Enterprises, Business Week Mindanao, Mi nda nao Da i ly News, C HO O S E Ph i l i p p i n e s , WhenInManila.com, and My Life On Board. Major sponsors: Clement Dampal Photography, Canon Ma rket i ng Ph i l ippi nes, Imagenat ion, Thi Eye Philippines, Pepsi, Gatorade, Mountain Dew, Project Lupad, Grind, Volcom, Stance, Globe, O’neill, Explore MisOr. Minor sponsors: Modtrade, Nature’s Spring Water, Carl’s Buy and Sell, Sovereign Skates Park, 7Up, Supremo4k. Also brought to you by: Province of Misamis Oriental, Julie’s Bakeshop, Havaianas, Ororama, Viajero Outdoor Centre, COTTA (Cagayan de Oro Travel and Tours, Associations, Inc.), Rowena A. Sabanal, One Santorini Events and Leisure, Quirky Threads, ModernenSonnen, D’ Third Eye Photography, Edgar Anthony Lugon Photography, Angelo Rodriguez Photography. Ot her shooters: Joel Umambac, Dave Murillo, ZeegSuyam With Media Partners: When In Manila.com, My Life On Board, Magic 89.3 FM Station, Parasat HD, Best Spots PH, Endurance Sports Magazine, M Magazine (Life and Living in Mindanao), CDO Bloggers, Cagayan de Oro Times, About Cagayan de Oro (ACADEO), Explorer’s Channel, and Mindanao Star.

Dayki Yana, a local skim-boarder from Opol announced as the Champion for the Advance Category

Jelson Ortiz, a Professional Skimboarder from Tandag City, Surigao del Sur awarded with the Best Trick Award.

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wednesday|july 26, 2017

IDP recalls Marawi war memories in drawing By Jun Galban

BALO-I, LANAO DEL NORTE -- For more than an hour, 12-year old Aminodin (not his real name) patiently applied color combination to his drawing as one of the participants of yet another expressive arts activity conducted by the Department of He a lt h (D OH) in northern Mindanao psychosocial team here in one of t he recent s o r t i e s o f Ta m a n g Serbisyo para sa Kalusugan ng Pamilya (TSeKaP) in emergency covering home-based i nte r n a l ly d i spl a c e d persons (IDPs) from war-torn Marawi City. Like so many other

kids from the besieged Islamic homeland, he captured vivid memories of the on-going war in one of the expressive arts activities by the psychosocial teams providing psychological first aid. What he could not tell us or his friends dire c t ly, he re c a l le d through his drawing an d re tol d t h e p ai n and suffering he went through before he escape with his family and f ind s ol ac e and s an c tu ar y i n B a l o - I town, Lanao del Norte where he continue his schooling. He is one of the lucky ones who was able to continue his studies as

thousands of children displaced by the ongoing war have to drop out of school and live in congested evacuation shelters or houses of close relatives. Un k now n to him, Aminodin was quietly observed by the psychosocial team when he started to capture in his drawing pad vivid pi c tu re s of w h at h e saw near their home in Marawi City hours before he and his family fled to the neighboring town where he is now st ay ing and st ar t ing to pick up the pieces again. The fourth grader was able to draw one of the military battle tanks spewing deadly machine

gun fire while soldiers following closely behind it. Nearby, a squad of army rangers used a rope to disembark from a chopper while a skeletal figure hid under a coconut tree watching all that had unfolded before him. Asked who was that skeletal figure in his drawing, he replied shyly, "Ako yan nagtatago sa puno.” Worried that there might have traumatic effect to the boy and following the normal flow in the provision of psychosocial first aid, he was subjected to a careful and thorough evaluation by the team, engaging him in a conversation regarding what he saw and what

he felt days after his forced evacuation and how it affected his nor ma l life as a 12y r ol d s cho ol ch i l d. His mother confirmed what the boy saw in a separate conversation. G l a d l y, t h e r e w a s no trace of mental disturbance shown after the evaluation. When ask what he wants in life, Aminodin quickly replied, "Gusto ko maging doktor, para makatulong," aware of

what he saw around him as DOH doctors intently engaged all the patients who lined up for consultation, laboratory examination, and other ser vices provided by the composite response team. He i s ju s t on e of many who expressed admiration for the DOH in many sorties to reach out t he home - b as e d IDPs both in Iligan City and Lanao del Norte. (Jun Galban/DOH10)

Let’s do something about our garbage By EDGARDO G. ESPINOSA

Garbage! It smells bad and looks disgusting. People really need to throw away less by recycling more. Garbage does not just d is app e ar l i ke mag i c . Recycling more of garbage saves precious resources – water and energy. Statistics reveals that recycling paper instead of making paper from trees reduces the amount of energy by 70 %. With this fact, local officials must strengthen by putting in teeth to ordinances on Solid Waste Management. Separating the biodegradable and nonbiodegradable garbage has been started in many places. What the residents need is an iron hand on waste segregation to discipline them and sustain the place until it would become a culture to be handed down to the next generation. In this way, we could help the national government

t h r o u g h e v e r y b o d y ’s cooperation which includes tree planting. Much of what is thrown away can be rec ycledand recycling is the best way to preserve natural resources and to reduce the costs of processing all the garbage. We should remember that our careless use causes disaster which kills thousands of lives and loses millions of properties. People have caused this garbage crisis, and only we, humans can solve it. Anyone who loves the earth can help make it a better place by recycling. Garbage makes our shared home less livable for the people of today and for the children of tomorrow. Shall we allow this to happen to our children and children’s children? Do we care enough to do our part by recycling?

“My youth, my youth is yours.” You guessed it right! Singer, Youtube star and actor Troye Sivan headlines as the first face of our newest line, Smyth. Smyth is now available in all SM Stores nationwide. #TroyeIsSmyth”

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wednesday|july 26, 2017

Hurst... from page 4

read his Bible and prayed this prayer: “Lord, help me teach my son to be strong enough to know when he is weak. A son who will be honest and brave when he loses, but humble and kind when he wins. Help me build a son who is strong in hard times, and has compassion for those who fail. Help me build a son whose character is right, and whose standard is high. A son who masters himself, before he tries to master others. Lord, give him humility and true strength, and an open mind to learn wisdom. Then I, his father, will dare to say ‘I have not failed in life.’” So dad, never forget: your child’s life will be determined by how hard you work…at being a father! And the only One Who can give you the strength, wisdom, and love you need to succeed at your most important job is your own Father in heaven. So

today, won’t you ask God to forgive you, and to take charge of your heart and character? He will help you to start becoming the strong, loving and successful father your children need. Just Think a Minute…

Cebuana... from page 6

assistance to budding and existing micro entrepreneurs. Easy Loans offers loanable amounts from P1,000 to P49,000, with loan terms up to 12 months, while Lucky CAGAYAN DE ORO MAIN BRANCH P & Jcovers Lim Bldg., Tiano Brothersfrom Loans loans Sts., P50,000Tel.Kalambagohan to# (08822) P2,000,000, 727-829 * with Telefaxof # (088) loan terms 6 to856-1947 24 months. As anCAMIGUIN introductory BRANCH promo, B. Aranas St., Poblacion, Mambajao, Cebuana Lhuillier clients Camiguin Tel. # (088) 387-0491 stand a chance of winning BRANCH cashCorrales prCORRALES iAve., z es, a debusi ness Cagayan Oro City packageDIVISORIA or gadgets for every BRANCH approved Happy Loan Atty. Erasmo B. Damasing Bldg., #61 Don or A. Velez St., Cagayan de Oro City Gadget Tel.Loan application, # (088) 857-3631 which is equivalent to one BRANCH e-raff le LAPASAN entry. The promo Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 is offered in all Cebuana LhuillierCARMEN Pawnshop, BRANCHCebuana Vamenta Blvd., Cagayan de Oro City Lhuillier Pera Padala, and Tel. # (088) 231-2011 Cebuana Lhuillier Express

branches nationwide and is offered up to August 23, 2017.

Cimagala... from page 4

the laws of nature and be swept away by the spiritual laws of God’s grace and love. For this to happen, we

need to pray, to cultivate a recollected and contemplative lifestyle even as we are immersed in the things of the world. We need to discipline our bodily and human powers so they don’t hinder but rather facilitate the way of God who makes all things new. roycimagala@gmail.com.

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

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wednesday|july 26, 2017

HIGHLIGHTS | 4th Davao Investment Conference (Davao ICon 2017) Mrs. Cynthia Rodriquez- Chief Executive Officer, Cynorel Travel and Tours talks on The Impressive Tourism Frontier of Davao Oriental: Why Has It Attracted New Interest.

The ever active and dynamic DCCCII President Ronald Go

The Tourism Speakers

S e c r e t a r y C a r l o s ‘ S o n n y ’ Mrs. Dottie Wurgler-Cronin, General Manager of the Premier Mr. Zaldy Magnaye -General Manager Eden Nature Park G. Dominguez-Department Marco Polo Hotel - talks on A Flavorful Tourism Experience: and Resort talks on Creating a Sustainable and Popular of Finance “Impact of the What Keeps Tourists Coming Back to Davao. Tourist Enterprise. Proposed Tax Reform Program to Investments”.

Loan...

from page 2

SM FOUNDATION TURNS OVER CASH DONATION TO PHILIPPINE RED CROSS. Representatives from Philippine Red Cross Misamis Oriental – Cagayan de Oro Chapter headed by Nancy Joy Tolinero received the cash donation from SM CDO Downtown Premier assistant mall manager Warren Bautista and SM City Cagayan de Oro assistant mall manager Edgar Baisas. Witnessing the turnover are SM public relations manager Ivy Guantero, Architect Feb Eden and Jam Manubag. SM Visayas-Mindanao malls served as drop off centers of donations for the Marawi victims and survivors.

degree or vocational course, to pay their respective loan amounts. Loan payment is also easy with up to 18 months of grace period from the last release of loan proceeds,” he added. From the 7, 542 beneficiaries in 2012, it increased nearly 11 times to reach the present number of beneficiaries. For the said beneficiaries, total disbursement was recorded at P4.61 billion this year from the P900.55 million on the pilot year. SSS and NG shared equally the disbursed amount to members. Dooc clarified that SSS does not receive any subsidy from NG, contrary to recent news reports. “We wish to clarify that SSS does not receive any subsidy from the national government. EALP is the only SSS program that has a counterpart funding from the national government and this is a loan program for our members,” Dooc said. “All expenses of SSS including benefit payments like pension and operating expenses are sourced from the collection and investment income,” he explained further. Recent data from the Bureau of Treasury showed that in May, SSS received P73 million of assistance from the national government as part of its share to the Education Assistance Fund Program (EAFP). The amount disbursed by the government was requested by SSS in advance in anticipation of the expected number of applications for the incoming semester, said Dooc. Under the EAFP, SSS i s a l l ow e d t o p rov i d e educational loan assistance to its members with a total

Department of Tourism XI Regional Director Roberto Alabado 111 - Talks on Opportunities in Davao as the Country’s Convention City and Premier MICE Destination

fund allocation of P7 billion; P3.5 billion of which will be financed by the national government as approved by then President Benigno Aquino III and the other half from SSS. EAFP loan beneficiaries can be SSS members including their legal spouses or children. While unmarried members can have their siblings, including halfbrothers or half-sisters as beneficiaries. To qualify for the loan, members must not earn more than P25,000 a month. At present, the EALP fund has already been allocated to member-beneficiaries. However, SSS still receives applications to the loan program on a waitlist basis. Only w hen a memb erbeneficiary has dropped or graduated from school will there be an opening for a new loan applicant. “As I have mentioned earlier, the fund of this program is a revolving fund. We have to wait for the repayments from our successful beneficiaries which will be used for future loan releases,” Dooc said. (SSS/ PIA-Caraga)

Partner... from page 3

connect with other parts of the world by promoting investment opportunities as he encouraged investors to come to Davao now as this is the right time to invest. AirAsia president and chief executive officer Tan Sri Anthony Francis Fernandes, said AirAsia is making Davao City as another international g ate w ay to As e an and Asia. AirAsia has formally launched the Davao CityKulan Lumpur, Malaysia direct route. “We strongly support the development of cities outside Metro Manila, and we are confident that by

increasing connectivity and accessibility to affordable air travel, AirAsia can help play a role in boosting economic growth in the south,” he said. (Lilian C. Mellejor and Digna D. Banzon/PNA)

Batas... from page 4

units unable to function. Instead of cool air, the units are spewing out hot breeze, causing passengers to perspire all over, feeling feverish and sick, as the pictures I have taken show. Is it not a fact that millions are supposed to be spent for the maintenance of the Calapan City terminal and its air-con units? Where are these millions going? -ooo SCANDAL OF THE GRIDLOCK AT NLEX AND SCTEX: Is not the North Luzon Expressway (NLEX) a multimillionpesoearnerofthecompany that is operating it? Yes, it is giving the operators millions and millions of pesos in toll fees daily. So, why is the operator failing (or refusing, if you may) to make sure that the Expressway is operated efficiently to allow fast and safe travel? I ask this because, as shown by these pictures of vehicles inching their way into the connecting intersection of the NLEX and SCTEX (or the Subic-Clark-Tarlac Expressway), there is a gridlock that causes motorists to try to out drive one another in a bid to pass through the intersection ahead of all others. This is causing not only delays butisasurerecipeforfatalmishaps. Perhaps the NLEX operator can share some its millions to address this simple problem? -ooo WATCH “ANG TANGING DAAN” AT FACEBOOK: “Ang Tanging Daan” is a Bible exposition and prayer session for everyone, in English and Filipino, 24/7, worldwide, that can be viewed at www.facebook.com/ angtangingdaan. Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@ yahoo.com.

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wednesday|july 26, 2017

Aboitiz... from page 1

the 1990s death-dealing earthquake. For that undertaking, he said, “we invested resources, brought in experts and worked with government to make the plant run again.” The rehabilitation process culminated in 2001, when the Aboitiz Group and its Norwegian firm partner SN Power, brought back the plant to operation and also “increased its installed capacity to 105 megawatts from previously just at 70MW.” With the same volume of water being utilized , energy generation had been beefed up by 50-percent, Moraza emphasized. In a related development, Finance Secretary Carlos Dominguez III told reporters that they have been eyeing China funding for the rehab of the Agus-Pulangui plants, but there had been no definitive implementation blueprint and timeframes yet on when the plan will move forward. Dominguez is the chairman of the boards of both the Power Sector Assets and Liabilities Management Corporation and National Power Corporation that currently take charge of the operation of the Agus hydropower complex. For Moraza, since the power plants were constructed way back in the 1950s, they are now badly in need of comprehensive repair works – and the most viable time to do it would be this time that Mindanao grid is already teeming in capacity. He stressed “many sectors have been calling for an extensive rehabilitation of the facilities so it can operate at an optimum efficiency.” Moraza added “with all the supply coming into Mindanao today, it may be time for the government to finally decide on the fate of the Agus complex.”

Lumbers... from page 1

based manufacturing industries. He said the volumes of lumber now at the CSDC stockyard is just the first batch of wood products for donation as there are some 1,000 cubic meters of confiscated that will be sawn for lumber which is also intended for Marawi housing rehabilitation. Other DENR offices in neighboring provinces of Caraga will also donate lumber materials but Agusan del Sur has offered 60 percent

ERRATUM In connection with the NOTICE OF EXTRA JUDICIAL SALE filed by HDMF (PAGIBIG FUND) Against DANIEL L. JAMIN published last JULY 5, 12 & 19, 2017 the correct entry of EJF FILE NO. 2017-244 should be EJF FILE NO. 2017-236 and not as published. Our Apology. BWM: July 26, 2017

of the total volume owing up to a total of 400,000 cubic meters of wood products. The support from DENR offices in Agusan del Sur was fueled by the initiative of the provincial government whose officials recently visited the evacuation centers in Pantao Ragat town in Lanao del Sur where they distributed some 5,000 bags of rice containing 10 kilos each to the displaced Marawi residents. Agusan del Sur is the first local government unit in the country to personally distribute the relief packs not only to internally displaced persons (IDPs) of Marawi but to battle-weary Army soldiers still in the frontline in the war against the dreaded Maute ISIS group. Agusan del Sur Gov. Adolph Edward Plaza has led in the distribution the bags of rice printed with “From the people of Agusan del Sur” to the evacuees seeking refuge at the evacuation center and the homes of their relatives in Pantao Ragat town. Another 2,000 packs of assorted canned goods, bottled water and biscuits were also given to Army soldiers belonging to 4th Mechanized Battalion based in Iligan City.. “We will pray that this conflict will end soon so you can go back home and lead normal lives again,” Plaza told the IDPs during the relief goods distribution. Pantao Ragat Vice Mayor Mohammed Daud Nabil Lantud was grateful to the visiting local officials saying the relief supplies would be a big help to the IDPs considering that they have limited funds for the purchase of foods and other necessities of the evacuees. “When they are happy, we are even more glad to see them smile,” Lantud told PTV 8 Agusan del Sur reporter Alexis Cabardo in an interview.

C ol. Alex Aduca, commanding officer of the 4th Mechanized Battalion, said he will personally deliver the relief packs to his men in the battlefield in the besieged Marawi.

Minbizcon...

from page 1 Commerce of the Philippines, Vegafria said. The US embassy, he said, has informed the organizers that the companies will not be participating because of security concerns, an apparent reference to the ongoing fighting in Marawi City. Still, Vegafria remains upbeat with this year’s Minbizcon, now on its 26th year. “Since we were informed two months ahead of the scheduled event, we were able to secure commitments from other companies to fill in the vacant slots. In short, nothing was lost,” he said. The three-day conference that begins on Sept. 6 at the Xavier Estates Country Club, will be graced by President Rodrigo Duterte, who is expected to give his keynote speech on the final day of the event. Other speakers include Finance Secretary Carlos Dominguez, Agriculture Secretar y Manny Piñol, Trade and Industry Secretary Ramon Lopez, Philippine Economic Zone Authority (PEZA) director-general Charito Plaza, and Russian Ambassador Igor Kuvaev. There will be technical discussions and business matchings in such topics as homegrown technologies, building a disaster-resilient economy, and positioning Mindanao’s agriculture sector, among others, Vegafria said. A total of 60 buses will also be ceremonially launched for the tourism initiative dubbed, “Go Mindanao”, during the occasion.

Republic of the Philippines SUPREME COURT 10th Judicial Region REGIONAL TRIAL COURT OF MISAMIS ORIENTAL Cagayan de Oro City

Minbizcon is held yearly in Mindanao, alternately hosted by local chambers in key cities. It is a forum for the chambers’ members, business executives, micro, small and medium enterprises, policymakers and business students to discuss the socioeconomic development agenda for the country’s second biggest island. Private businesses prohibiting their staff to come to Mindanao are not new since the Marawi City siege began in late May. Last June, the biggest culinary competition in this part of the country, known as Kumbira, canceled the entire event after major Manila-based sponsors refused to participate.

Conflict...

from page 1 proximity to Marawi City, located a three-hour drive from Cagayan de Oro, Socioeconomic Secretary and NEDA Sec. Gen. Ernesto M. Pernia said he expects Northern Mindanao and its capital city to successful weather the storm. “If you look at the macro or bigger picture, martial law would not have a material impact , a consequential impact on the overall Philippine Development Plan,” Pernia said during a press conference following the launching of the PDP and Regional Development Plan for 20172022 at a local hotel here. “Even for Northern Mindanao, it will not be consequential or as disrupting on the RDP for Northern Mindanao.” “I don’t think there will be a consequential disruption of business in Mindanao. Life seems to be going along normally, even Cagayan de Oro which is quite close to Marawi

doesn’t seem to be affected by what’s going on there,” Pernia noted. “It’s business as usual really. In fact, martial law is also an environment that will make people safe. They will feel safe going about their business.” During the same press conference, NEDA-10 Regional Director Leon M. Dacanay Jr. said he perceived the exodus of Marawi residents to Cagayan de Oro, Iligan and municipalities more as an opportunity for the subject localities, rather than disruptions. “If you look at Northern Mindanao, basically Cagayan de Oro is the recipient of the IDPs coming from that place. We have evacuation centers in Iligan, Mindanao municipalities as well as Cagayan de Oro,” Dacanay said. “Many of the evacuees coming from the Marawi area also have relatives in Cagayan de Oro. If we look at the data sets coming from DSWD, their figures are still rough estimates. Apparently, the well-off citizens are living with their relatives or on their own,” he observed. DSWD figures show the total number of Internally Displaced Persons (IDPs) as of 21 July 2017 pegged the total number of IDPs served in the region at 55,351 families consisting of 225,671 persons. The agency reported 35 evacuation centers in Region 10 housing 2,806 families or 13,129 persons while the number of home-based families at 52,645 comprising 212,542 persons. The number of active Evacuation Centers (ECs) in Region 10 was as follows: Iligan City – 5; Balo-i – 11; Pantar – 1; Pantao Ragat – 17; Cagayan de Oro City – 1. “So you can see the possible impact on Northern Mindanao

Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 16, Tangub City IN THE MA FTFR OF THE DECLARATION OF THE LEGAL HEIRS OF THE LATE DIONESIO CABRERA AND LAURITA CABRERA,

SPECIAL PROCEEDING CASE TC-2017-003

GLORIA CABRERA BENORE, TITO C. CABRERA, LUCIA CABRERACALOG and ANITA CABRERALOYOLOYO, Petitioners. /-----------------------------------------------/

OFFICE OF THE EXECUTIVE JUDGE

NOTICE OF HEARING

NOTICE OF HEARING

WHEREAS, after alleging certain facts in a verified petition filed on July 04, 2017, petitioner prayed that after notice, publication and hearing, an order be issued declaring as the sole legal heirs of the late spouses Dionesio Cabrera and Laurita Cabrera the following persons:

Notice is hereby given that a summary hearing on the petitions for Notarial Commission of the following Notaries Public shall be held on August 7, 2017 at 2:00 in the afternoon at the Office of the Executive Judge. Any person who has any cause or reason to object to the grant of the petition may file a verified written opposition thereto, received by the undersigned before the date of the summary hearing 1. ATTY. ALLOA R. ALAMEDA 2. ATTY. ELAINE CHESCA C. BANAL 3. ATTY. ARMEN RASHID 0. MALAWANI Let a copy of this notice be published once in a newspaper of general circulation prior to the hearing, per A.M. No. 03-8-02-SC, at the expense of the petitioner/s. Given this 24th day of July 2017 at Cagayan de Oro City, Philippines.

BWM: July 26, 2017

(Sgd.) DENNIS Z. ALCANTAR Executive Judge

“GLORIA CABRERA BENORE, TITO C. CABRERA, LUCIA CABRERA- CALOG and ANITA CABRERA- LOYOLOYO”. WHEREFORE. finding the petition in due form and substance, the hearing of the same is hereby set On September 01, 2017 at 8:30 o’ clock in the morning, at the Session Hall of this Honorable Court, at which date, time and place, any concerned and interested person may appear and show cause, if any, why said petition shall not be granted. The Sheriff of this Honorable Court is hereby ordered to post copies of this Notice in three (3) conspicuous places, preferably in the Bulletin Board of this Court, the City Hall of Tangub City, and the Barangay Hall of Sta. Maria, Tangub City, Mis. Occ. Moreover, let a copy of this petition and notice be published once a week for three (3) consecutive weeks in a newspaper of general circulation in the province of Misamis Occidental, all at the expense of the petitioner, for the information and guidance of all concerned. Also, let a copy of this petition arid notice be furnished the petitioner, the Office of the Solicitor General, and the Local Civil Registrar of Tangub City. Any person having or claiming any interest under the entry whose correction is sought may, within fifteen (15) days from notice of this petition, or from the last date of publication of such notice, file his opposition thereto. WITNESS, the Honorable SYLVIA A. SINGIDAS-MACHACON, Presiding/Executive Judge, this 14th day of July 2017. (SGD.) ATTY. MARCELINO D. NATIVIDAD, JR. Clerk of Court-IV BWM: July 19, 26 & Aug. 2, 2017

is the aid that will initially come in for Marawi will be ported in Northern Mindanao, particularly those that are hosting the evacuation centers, particularly Iligan and the municipalities in Lanao del Norte,” he added. Pernia said a rehabilitation fund for the construction of Marawi has already been allocated, which could further trickle down to nearby urban centers and communities. “P5-billion is already available for Marawi rehab for 2017 and there will be assistance coming from other countries like the US, Australia, Japan and even China,” Pernia said. “European countries are also like to be coming to help. Even the private sector like the Lucio Tan Foundation has pledged to extend assistance for housing, so there will be different kinds of support coming from different sectors, to be led by the government.” “So it’s (martial law) not really a hindrance. It’s more of ensuring people that their lives and their businesses are not in danger,” he added. EXTRA-JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND Notice is hereby given that deceased SPS. JOSEFINA SERIÑA, who died on JUNE 3, 2003 and PATERNO CAINGIN, who died on JANUARY 19, 1983, both died at BARRA OPOL, MISAMIS ORIENTAL; That the said deceased, at the time of their death, left a Parcel of Land situated in IPONAN, CAGAYAN DE ORO CITY; TRANSFER CERTIFICATE OF TITLE NO. T-19984; containing an area of TWO HUNDRED EIGHTY ONE (281) SQUARE METERS, more or less; That the buyer buy only a portion of Eighty (80) square meters, more or less; The legal heirs or sole heirs of the deceased, SPS. JOSEFINA SERIÑA is the subject of Extra-Judicial settlement with a Deed of Absolute sale of a Parcel of Land; is made and entered; LORNA CAINGIN MILA, of legal age, Filipino citizen, married, with postal address at Zone 7, Barra Opol, Misamis Oriental; EDGAR SERIÑA CAINGIN, of legal age, Filipinon citizen, married, with postal address at Zone 7, Barra Opol, Misamis Oriental; RONNIE SERIÑA CAINGIN AND NAOMI CAINGIN LITANON, both of legal age, Filipino citizens, both married, with postal address at Zone 5, Barra Opol, Misamis Oriental, hereinafter referred to as the HEIRS/SELLERS/VENDOR; and SHEENA BELLE B. LIÑAN, likewise of legal age, Filipino citizen, single, with residence and postal address at Zone 5, Barra Opol, Misamis Oriental, hereinafter referred to as the BUYER/VENDEE; That for and in consideration of the sum of ONE HUNDRED SIXTY THOUSAND PESOS ONLY (Php 160,000.00) Philippine Currency, receipt of said amount is hereby acknowledge by the SELLER/VENDOR after the amount is paid in hand by the BUYER/S or VENDEE/S the SELLER/S or VENDER/S hereby SELL, CEDE, TRANSFER and CONVEY the above-described properties ONLY A PORTION OF EIGHTY (80) SQUARE METERS, MORE OR LESS in favor of the BUYER/S or VENDEE/S his/her/ heirs, assigns or successors-ininterest, free from any liens and encumbrances, free from any thirdparty claimant whomsoever and the same is non-tenanted; Under Notary Public of ATTY. EMELITO J. MARQUINO, As per Doc. No. 418; Page No. 83; Book No. XIII; Series of 2017. BWM: July 19, 26 & Aug. 2, 2017

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Wednesday | July 26, 2017

-- KEYNOTE MESSAGE --

Davao City Chamber of Commerce and Industry, Inc. 4th Davao Investment Conference (Davao ICon 2017) “Davao: The Gateway to A World of Infinite Investments”

Friday, July 21, 2017, 9:50AM SMX Convention Center, SM Lanang Premier To our friends from the private sector, my colleagues in Government service, guests, ladies and gentlemen, maayong buntag. First allow me to congratulate the Davao City Chamber of Commerce and Industry, and its government and private partners for once again staging the Davao Investment Conference (ICon). The Chamber has been a constant and steady partner of the City Government in driving the city’s economy forward and

this 4th Davao ICon reinforces our belief that the economic development of the city rests upon the collaborative and complimentary efforts of the government and the private sector. This year’s conference brings together potential buyers and investors to discuss business opportunities in a bid to bring more people and investments to Davao City and the rest of Davao Region. Investments are key agents of economic development, for

investments allow existing businesses to expand, while enabling new industries to emerge. Data from the Department of Trade and Industry and the Philippine Statistics Office show that there is promising growth in terms of the Davao Region’s trade and investment and Gross Regional Domestic Product (GRDP) rate. With this, there is no other way but for the city to take advantage of the various inroads and prospects that

come with the growing interest of both foreign and local investors in Davao City. Despite security issues that pose a challenge to the city’s growth, this year’s ICon is the best chance for Davao to showcase not only it’s various investment opportunities, but to prove that the city is conducive to investment, now more than ever, with the heightened security forces and increased police visibility across the city and other peace and order programs in place to ensure that businesses are safe and secure. Davao has unique advantages that make it conducive for investments, including: (1) its land, air and sea linkages to major points of destination in the country and the world; (2) its tropical weather and location in a typhoon - free zone; (3) efficient water, and telecommunications facilities, (4) competitive cost of doing business compared to other major cities in Asia; and (5) highly literate, technologicallysavvy, competent, professionals across various industries. Davao is a businessfriendly city, one of the most highly competitive cities in the country in terms of ease in doing business. We have streamlined the processes in securing business permits, and at the start of every year, we open onestop shops on strategic locations, including malls, to make it easier for businesses to secure and renew permits. Aside from this, the City Government has made sure that investors

are provided ample assistance, which is why we created the Davao City Investment Promotion Center (DCIPC) to handle all concerns related to investing in Davao City. We invite investors to engage business and establish industries that are aligned with the development plans of the city. Later, Mr. Lemuel Ortonio , Officer-in- Charge of the DCIPC, will be discussing at length about the opportunities and incentives we offer in our 10 Preferred Investment Areas - Property Development, ICT, Health and Wellness, Educational and Sports Facilities, Green Projects, New Sources of Energy, and the four areas highlighted in this conference: Agribusiness,

Tourism, Facilities, Manufacturing and Transportation and Infrastructure. The City Government is committed to sustaining an enabling environment conducive for businesses to grow, and this includes our strong emphasis on environmental and protection, so we expect possible partners to be aware of existing local and national environmental laws implemented in the City. Like the eagle featured in this year’s ICon logo, we look forward, eagle-eyed, to be the Future, because we believe that Davao is not just the gateway to infinite investments - it is a world of Infinite Investments. Daghang SAlamat ug Maayong Buntag SA Tanan.

(Signed) SARA Z. DUTERTE City Mayor