BusinessWeek Mindanao (July 27, 2016) by Mindanao Daily News

BusinessWeek MINDANAO

YOUR Mindanao-wide BUSINESS paper

CREDIBLE

Volume VII, No. 022

Market Indicators As of 6:13 pm july 26, 2016 (tuesday)

FOREX

PHISIX

US$1 = P47.193

8,024.54

1.3 cents

24.59

points

Briefly

Fiber growth THE proposed Memorandum of Agreement (MOA) between the city government, Bulahan Tribal Christian VillageMPC and the Philippine Fiber Industry Development Authority (PhilFIDA) for the development of the fiber industry in Cagayan de Oro was referred to the City Council committee on environment and natural resources. The proposed MOA was submitted by Edwin Dael, OIC of the City Local Environment and Natural Resources Office (CLENRO). Pursuant to the MOA, PhilFIDA shall provide two units of Improved Hand Stripping Device (IHSD) to be used in the extraction of abaca fiber and assign at least one technician to oversee and coordinate the project implementation, conduct benchmark surveys, monitoring and evaluation.

RELIABLE

IN-DEPTH

Gov’t urged to build RE infras to sustain dev’t www.businessweekmindanao.com

Wednesday | July 27, 2016

By BONG D. FABE, Contributing Editor

RESIDENT Rodrigo Duterte must establish a modern energy infrastructure based on renewable energy (RE) sources to sustain growth and development while freeing Filipinos from the stranglehold of coal power, said Institute for Climate and Sustainable Cities (iCSC).

A tricycle navigates through flooded road after a heavy rainfall in December 2015. The weather bureau said La Nina phenomenon is expected to hit northern Mindanao by October this year. file photo by mindanews

SteelAsia in Phividec STEELASIA Manufacturing Corp., the country’s largest steel bars manufacturer, is investing about half a billion dollars over the next three to five years as the Yao Group expands into the production of downstream steel products such as wire rods, plates, and section (I-Beam and H-Beam) to support the strong resurgence in the country’s manufacturing sector. “We will kick off these projects this year,” said Yao noting these projects will go into full commercial operation in three to five years. This expansion program into the downstream steel products marks the company’s 50th anniversary. For its Candelaria plant, SteelAsia is expected to produce 600,000 MT of wire rods that would address the 800,000 MT domestic demand. The steel plate mill should also answer growing demand for small vessel manufacturing operation of local shipbuilders.

P15.00

Mitigating measures ready to cushion impact of La Niña in N. Mindanao By MARK D. FRANCISCO, Staff Writer

EVEN as the Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) had forecasted that the La Nina is still more than three months away, the Department of Agriculture (DA) 10 has already put in place measures that would mitigate the

impact of a long monsoon rain to agriculture. In a press conference held Monday, DA 10 director Lealyn A. Ramos said the agency has its own automatic weather stations deployed in various agricultureproducing areas of the region, Ramos said these stations

have equipment are capable of forecasting damages to farmlands by oncoming cyclones. In other developments, Ms. Ramos reported that the regional office currently has 16,000 bags of rice, 20,184 bags of corn and 520 kilos of assorted vegetables that are ready for distribution to measures/PAGE 11

Renato Redentor Constantino, executive director of iCSC, a policy group promoting low-carbon development initiatives in vulnerable countries, said President Duterte must use his six-year term “to uplift the Filipino people from poverty by establishing a modern energy infrastructure powered by the steady growth in renewable energy investments—which in turn will provide jobs for our people.” “Clean energy is now far cheaper and is the unequivocal reliable choice of the future,” he added. Constantino’s iCSC praised the President’s turn-around Monday when he said in his State infras/PAGE 11

PEDICAB. Young Maguindanaon girls ride a pedicab along the highway in Sultan Kudarat, Maguindanao on their way to school. Mindanews photo by KEITH BACONCO

SONA nourishes hope for Mindanao

NDFP welcomes unilateral ceasefire

PRESIDENT Rodrigo Duterte’s first State of the Nation Address (SONA) on Monday has nourished an overwhelming hope for the future of the people of Mindanao. Provincial Governor Yevgeny Vincente Emano of Misamis Oriental said he was overjoyed while watching President Duterte, the Speaker of the House and the Senate President, all coming from Mindanao and together

DAVAO City -- The National Democratic Front of the Philippines (NDFP) has welcomed the declaration of President Rodrigo R. Duterte for a unilateral ceasefire with the communist group and vowed to carefully study and make an appropriate response. NDFP spokesperson Luis Jalandoni, in a statement posted on ndfp.org Monday evening, said that they will “respond to or reciprocate

By CRIS DIAZ, Contributing Editor

for last Monday’s SONA. He said that “this is the first time in 82 years in the Philippine history that Mindanao has a Philippine President, a Senate President, and a Speaker of the House.” With Mindanao as the center of power, the island’s more than 40 million people, including the tribal communities, and the Moslem sona/PAGE 10

By ANTONIO L. COLINA IV, MindaNews

the unilateral ceasefire declaration of the GRP soon after receiving its full text.” “Luis Jalandoni, chairperson of the Negotiating Panel for the National Democratic Front of the Philippines (NDFP), wrote today to Secretary Silvestre Bello III, chairman of the Negotiation Panel of the Government of the Republic of the ceasefire/PAGE 11

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

Economy

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

wednesday|JUly 27, 2016

DSWD approves release of 4,000 bags of rice for Bukidnon farmers By JIGGER J. JERUSALEM, PNA

SECRETARY Judy Taguiwalo of the Department of Social Welfare and Development ( D S W D ) o n Tu e s d a y approved the release of 4,000

bags of rice for distribution to Bukidnon farmers. The Secretary instructed the regional welfare officials here to release immediately

the 4,000 bags or 20,000 kilos of rice to the 18,000 Bukidnon farmers, Aldersey De la Cruz, the DSWD’s assistant regional director for operations, said. De la Cruz said that the farmers agreed to get the

SURIGAO City -- Surigao del Norte governor Sol F. Matugas signed recently Executive Order No. 024 series of 2016 dubbed as “Surigao First Policy.” Governor Matugas issued the said executive order pursuant to Section 9, Article 11 of the Philippine Constitution which says, that the state shall promote

a just and dynamic social order that will ensure the prosperity and independence of the nation and free the people from poverty through policies that provide adequate social services, promote full employment, a rising standard of living, and an improved quality of life for all. Governor Matugas said

that all Surigaonons must obtain major and dominant participation in their own to the economy of the province. “There is an imperative need to require business establishments, industrial sectors, contractors and sub cont rac tors to g ive priority and hire qualified skilled and unskilled labor to policy/PAGE 10

Surigao Norte guv signs ‘Surigao first policy’

allocated rice at 25 kilos each from the warehouse of the National Food Authority (NFA) in Valencia City, Bukidnon. The farmers, who holed up at the DSWD grounds, had attended a march-rally Monday here in support of the State of the Nation Address (Sona) of President Rodrigo Duterte, and refused to leave until the promised rice assistance is delivered. The farmers, most of

them victims of the long drought spawned by the El Nino phenomenon, said that, for months, they have been patiently waiting for the food assistance until they decided to take action for the immediate release of the rice. De la Cruz explained that deletion of the many names of the farmer-beneficiaries by the local government units (LGUs) caused the delay in the distribution of the rice

assistance. After reaching an agreement with the DSWD, the farmers left the place Tuesday afternoon on board a convoy of several Bukidnonbound cargo trucks. Most of the farmers came from the Bukidnon tow ns of Q u e z on , S an Fernando, Maramag, Kitatao, Dangcagan, and Kibawe, and the cities of Valencia and Malaybalay. rice/PAGE 10

RPN Radyo Ronda Stations Nationwide

CNN Philippines Stations Nationwide CNN Philippines TV-9 Manila CNN Philippines TV-12 Baguio CNN Philippines TV-12 Dagupan CNN Philippines TV-26 Tarlac CNN Philippines TV-10 Iriga CNN Philippines TV-4 Iloilo

CNN Philippines TV-8 Bacolod CNN Philippines TV-9 Cebu CNN Philippines TV-5 Cag. de Oro CNN Philippines TV-5 Zamboanga CNN Philippines TV-7 GenSan CNN Philippines TV-9 Davao

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

SAFETY FIRST. Kapit Bisig Laban sa Kahirapan Comprehensive and Integrated Delivery of Social Services - National Community Driven Development (Kalahi CIDSS-NCDDP) Women volunteers wearing personal protective equipment in Barangay Baga, Panaon, Misamis Occidental show off their skills during the construction of a Barangay Health station in their barangay as a supply side component of the Department of Social Welfare and Development’s poverty alleviation flagship program – the Pantawid Pamilyang Pilipino Program. The 30% labor force, during the sub-project implementation, comprises women. Kalahi CIDSS-NCDDP in the Philippines promotes the emerging concept of Community-Driven Development as a poverty alleviation strategy. (Photo by Gilmar Yamba, DSWD Area Coordinator, Panaon, MisOcc)

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

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

wednesday|JUly 27, 2016

Opinion

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

wednesday|JUly 27, 2016

Whole of RP filled with gold?

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

ALLAN mario MEDIANTE

Vice President for CorporateAffairs

Joe felicilda

Vice President for Administration

joe palabao

Vice President for Marketing

NELSON CONSTANTINO Editor-in-Chief

Cheng ordoñez

gilbert y. chao

Executive Editor

Motoring Editor JOEL ESCOL

BONG FABE

Feature Editor

Associate Editor

CLIFFORD SANTILLAN Layout Artist

JUN AYENSA

mel-rose codilla

Regional Editor Caraga

Advertising

ATTY. MARIO T. JUNI

Cris diaz mike baños Uriel quilinguing Contributing Editors

Cell No: 09352379999

Juni Law Office Cruz Taal St., CDO Legal Counsel

MARKETING staff manila office: Unit 310 Valero Plaza, Valero Street, Salcedo Village, Makati City; lani vallido-Marketing Manager ARJAY FELICILDA Marketing Staff - CDO

The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463826-272-000 – VAT. Reg., and with Business Permit No. 201512879. Tel. Nos.: (088)8578447, 74-5380, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com

Member: Philippine Press Institute Oro Chamber

Is today your last? Think a minute…Have you ever heard anyone who was dying say: “I wish I had spent more time at the office!” I doubt it. If you knew that you were going to die tomorrow, how would you live your last 24 hours? Would you party until you drop and try not to think about your own death? Would you be filled with fear or anger at God? Would you do everything you could so your family could go on without you? Those people who died on September 11, 2001 in the World Trade Center in New York City never knew they were going to die when they woke up that morning. People who suddenly die in car accidents or drown in the ocean never know they’re going to die that day. Sixteen years ago my family celebrated Christmas in America, and the next day my father left on a business trip to the Philippines as he had done for 27 years. But this time he never came back. Just a few weeks later, he died from pneumonia in Hawaii. My father had no idea he would never come home. And neither did we. You see, this is why we must live today like it’s our last— because it just might be! Maybe you need to get things right in your life. Maybe you need to ask someone’s forgiveness; or you need to forgive someone else who wronged and hurt you. Do it now. Don’t wait another day.

THINK

A Minute

Jhan Tiafau Hurst For your own peace and safety, free yourself from the sin of unforgiveness. Jesus Himself said that our unforgiveness will stop you and me from receiving God’s forgiveness. Or maybe you’ve been dishonest, lied, cheated and stolen from someone. Friend, it does not matter what you’ve done wrong, do what you need to do to make it right today—before it’s too late. If you died tonight, are you 100% sure that you’re right with God your Maker and Judge? If today is your last, do you know for certain that you would go to heaven? If not, you can be sure right now. Just ask Jesus Christ to forgive you for all your wrongs and living your own way. Then ask Him to take charge of your life today and every day. That’s the only way you can be safe and sure you’re ready to die every day until your very last one. Just Think a Minute…

LIFE’S INSPIRATIONS: “… We know how much God loves us, and we have put our trust in his love…” (1 John 4:16, the Holy Bible). -ooo WHOLE OF RP FILLED WITH GOLD? Treasure hu nte rs st i l l s e arching for the fabled “Yamashita gold”---a cache of fabulous treasures rumored to have been buried in the Philippines by then Japanese Gen. Tomoyuki Yamashita at the close of World War II---I have a news for you. There appears to be a bigger reserve of gold here in this country, much, much more than this Yamashita gold! Current research works indicate that the Philippines is ac tually t he Biblical “Ophir”, a group of islands “in front of China towards the sea, where Moluccans, Chinese and Lequios met to trade”, which, the Bible said, was the source of the gold that King Solomon used to build the temple of God in his time. I hop e this piece of information can be seriously looked into, for several practical reasons. If proved to be true, then Filipinos must be allowed to enjoy

the benefit of this fabulous wealth. If proved to be false, then no one should be duped into believing it again and again. -ooo GOD’S CURSES: Just to remind all of us once again about the penalties God will impose on us if we stop listening to Him, if we stop reading His Word, and if we stop obeying His commands, I will reproduce here today and in the next several days, the curses promised by God to those who have turned their backs on Him. Here they are, as written in Deuteronomy 28:15, series: “However, if you do not obey the LORD your God and do not carefully follow all his commands and decrees I am giving you today, all these curses will come on you and overtake you: You will be cursed in the city and cursed in the country. Your basket and your kneading trough will be cursed. “The fruit of your womb will be cursed, and the crops of your land, and the calves of your herds and the lambs of your flocks. You will be cursed when you come in

and cursed when you go out. The LORD will send on you curses, confusion and rebuke in everything you put your hand to, until you are destroyed and come to sudden ruin because of the evil you have done in forsaking him…” -ooo WORSHIPPING GODS MADE OF WOOD: More of God’s curses are provided for by Deuteronomy 28:1568 of the Holy Bible: “The sights you see will drive you mad.The LORD will afflict your knees and legs with painful boils that cannot be cured, spreading from the soles of your feet to the top of your head. “The LORD will drive y ou an d t h e k i ng y ou set over you to a nation unknown to you or your ancestors. There you will worship other gods, gods of wood and stone.You will become a thing of horror, a byword and an object of ridicule among all the peoples where the LORD will drive you. “You will sow much seed in the field but you will harvest little, because locusts will devour it. You will plant vineyards and

K akampi

Mo A ng Batas

Atty. Batas Mauricio cultivate them but you will not drink the wine or gather the grapes, because worms will eat them.You will have olive trees throughout your country but you will not use the oil, because the olives will drop off…” -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 H O U R S a d ay, i n t h e Philippines and the world at w w w. f a c e b o o k . c om / 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.

Our responsibility for our own sanctification “Ask and you will receive. Seek and you will find. Knock and the door will be opened to you.” (Lk 11,9) With these words, we are reminded that while our sanctity is first of all a fruit of grace,and therefore of God’s work, it is also a result of our personal effort. That’s why we are commanded to love God with all our might and to love our neighbor as ourselves. We have to see to it that we correspond fully to God’s grace that is abundantly given to us. We have to enter into the dynamics of love where God’s love for us should also repaid by our love for him. In this, we can never say enough. The language of love is such that you get what you give. In fact, you get more than what you give, as at tested by Christ’s words: “ The measure you give will be the measure you get, and still more will be given you.” (Mk 4,24) Since Christ has given us everything already, it us up to us to make use of what is made available for us to achieve our true ultimate end and purpose in life-our own sanctification, our own edification, since we are the image and likeness of God, and children of his. T h at i s w hy i n t h e prayer that Christ taught his disciples, he wants us to address G o d as Our

Father. We need to feel this filiation as deeply and as abidingly as possible so we can always be motivated to sustain our effort to be holy, as our heavenly father is holy. (cfr 1 Pt 1,16) Yes, the goal is God, the goal is supernatural, way above our natural and human powers. But God has given us all the means for us to be as we ought to be. But for that reason, we have to ask and seek and knock, because otherwise we would not attain our true end. We have to contend with our natural limitations that are already overwhelming when seen in the context of our supernatural end. More than thes e, we have to grapple with our human deformations and weaknesses due to our sins. This is not going to be easy, and yet Christ assures us that “my yoke is easy and my burden light.” (Mt 11,30) And the secret to have this phenomenon is imitate Christ himself who said: “Learn from me for I am meek and humble of heart.” (Mt 11,29) Meekness and humility are the crucial qualities we need to face all the challenges we have to face in our effort to sanctify ourselves and others. They effectively resemble us with Christ. With Christ, we should

not worr y too much about life’s vagaries and challenges. Precisely when w e f e e l pre s s u re d a n d weighed down, he tells us, “Come to me…and I will give you rest.” Let us pay attention more to these words than to our human standards and estimation of things that will always consider these qualities as softness or meaningless passivity and defeatism, devoid of fighting spirit. In fac t, thes e words require a lot of strength and forcefulness, for they have to be reconciled also with these words of Christ: “The Kingdom of heaven suffers violence, and the violent are taking it by force.” (Mt 11,13) The violence referred here is not about physical, destructive violence aimed at others, but rather the forcefulness of love, aimed first at oneself before it aimed at others, and that will always be constructive, helpful, patient and understanding, not afraid to suffer and to assume whatever burden comes our way. That is why Christ refers again to these qualities in the beatitudes: “Blessed are the meek, for they shall inherit the earth.”(Mt 5,5) These are intriguing and mysterious words whose veracity and wisdom can

HINTS

and

Traces

Fr. Roy Cimagala be proven in the life of Christ and those of all the saints. In many instances Christ refers to this divine logic thatcan appears to us as contradictory. “For whoever would save his lifewill lose it, but whoever loses his life for my sake will find it.” (Mt 16,25) Still, in another part of the gospel, Christ says:”Ever yone who has left houses or brothers or sisters or father ormother or children or lands, for my name’s sake, will receive a hu n d re d fol d an d w i l l inherit eternal life.” (Mt 19,29) We n e e d t o t r a i n ourselves to feel at home with thisdivine indication that is meant for our redemption. We have to losethe fear of suffering. We have to assume the mind of the sacrificiallamb whose lifeoffering actually results in our own sanctification.

VISIT OUR WEB PORTAL

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

wednesday|JUly 27, 2016

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 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 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 Corrales Ave., Cagayan de Oro City ENTERPRISE BANK

INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

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 SECURITY BANK- LKK Limketkai | 8801258/8801625 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 LAPASAN BRANCH STERLING BANK OF ASIA Lapasan Hi-way, Tiano Velez CDO | 8528171/8528168 Cagayan deSt. Oro City Tel. # (088) 231-6739

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

Banking&Finance

ING economist sees inflation pressures from tax reforms

N e c on om i s t of ING Bank Manila forecasts possible increase in domestic inflation rate in the latter part of 2016 due in part to possible effect of tax reformrelated inflation pressures. This, after President Rodrigo R. Duterte, in his first State of the Nation Address (SONA) Monday, announced his government’s bid to cut personal and income tax rates in the country to make it competitive in Asia and make it more equitable and efficient. The additional liquidity that this will create is seen to result to inflationary pressures, ING Bank

Manila senior economist Joey Cuyegkeng said in a research note Tuesday. Last May, growth of domestic liquidity, or M3, posted a faster growth of 13.5 percent from monthago’s revised 12.8 percent after total money sloshing in the economy reached P8.7 trillion. During the same month, outstanding loans of commercial banks, excluding placements with the central bank’s reverse repurchase (RRP) facility, rose by 17.7 percent from month-ago’s 15.6 percent. Including RRP placements, bank lending rose by 16.6 percent from last April’s 14.9 percent.

Tax experts laud Duterte’s proposed reforms THE country’s tax experts lauded President Rodrigo R. Duterte’s formal call for C ongress to pass a comprehensive tax reform plan, while the government’s finance chief believes the programs of the new chief executive would harness the nation’s inclusive growth. The Tax Management Association of the Philippines (TMAP) said they were “very pleased” with Duterte’s pursue for tax reforms, including simplification of the tax system, lowering of income tax rates, and lifting of the bank secrecy law. “We are very pleased to hear President Duterte’s statement… We’re delighted to see that his proposals… the same reforms also espoused

by TMAP,” the association said in a statement. TMAP also noted that Duterte’s pronouncements last Monday were consistent with his answers to the preelection tax policy survey of the group. “With the clear pronouncements of the President, who is currently enjoying over whelming support in both houses of congress, we don't see any reason why the passage of the comprehensive tax reform measure will not materialize during the early part of his term,” TMAP said. The group further explained that the relaxation of the bank secrecy law as well as the simplification laud/PAGE 8

Money supply continues to remain high, with excess liquidity still notable, given the increasing demand for credit in line with the improvement in the domestic expansion, among others. However, M3 growth has slowed after hitting 37.3 percent in Januar y 2014 due to attractiveness of the domestic economy to foreign businessmen on back of improvement of fundamentals. The normal M3 growth in the Philippines is at higher single digit to lower double digit but its growth became a problem in 2013-14 due to its impact on the rate of price increases.

In 2013, inflation averaged at three percent but hit its highest in December when it reached 4.1 percent. T h e fol l ow i ng ye ar, inflation almost hit the higher end of the government’s 201214 inflation target of three to five percent target after posting a 4.9 percent rate in July and August. The liquidity-related inflation pressure in 2013 was addressed through the ban of foreign funds from the BSP’s special deposit account (SDA) facility and the investment management account (IMA), which are retail investments pooled by banks, and the cut in the inflation/PAGE 10

Trust assets have grown to P4 trillion BANKS’ ass ets under management (AUM) is easily now at P4 trillion as fund managers and investors gain more confidence at the pace of domestic economic growth, Bangko Sentral ng Pilipinas (BSP) Governor Amando M. Tetangco Jr. said. Going by BSP’s supervised institutions and the reported AUM submitted to the central bank, banks’ asset holdings amount to P2.7 trillion as of end-first quarter this year. However the figure only includes trust companies that actually report to the BSP.bsp logo “If we count only the trust institutions that report to the BSP, AUM as of end March stood at P2.7 trillion,”

said Tetangco. “(Industry) estimates that if the other asset management companies are included, this figure will grow to almost P4 trillion, covering 174 pesodenominated fixed income and equity funds and 52 foreign denominated funds.” He was citing numbers by the Fund Managers Association of the Philippines. Tetangco said the trust industry’s holdings will only grow overtime as markets are acclimatized more to financial products. “The BSP expects these numbers would continue to grow moving forward,” he told fund managers. “The Philippines’ strong economic assets/PAGE 8

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

wednesday|JUly 27, 2016

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

wednesday|JUly 27, 2016

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

wednesday|JUly 27, 2016

Volunteers, Stakeholders Break Ground in Community-Driven Development The Municipality of Tudela, Misamis Oriental recently conducted the groundbreaking ceremonies of prioritized barangay sub-projects, among those present are the local chief executives of the municipality, the Municipal Social Welfare & Development Officer, Provincial Link, barangay officials, community volunteers and the Area and Municipal Coordinating Teams of Tudela. Different stakeholders expressed their appreciation to the volunteers who have undergone the Community Empowerment Activity Cycle (CEAC) through the Department of Social Welfare and Development Kapit Bisig Laban sa Kahirapan Comprehensive and Integrated Delivery of Social Services National Community Driven Development (Kalahi CIDSS-NCDDP) in its first cycle of implementation. The prioritized barangay sub-projects are: (1) Construction of 70 Linear Meter Flood Control along Purok 1, Barangay Barra; (2) Concreting of 250 Linear Meter Barangay Road along Purok 3, Barangay Colambutan settlement; (3) Concreting of 250 Linear Meter Barangay Road along Purok 3, Barangay Pan-ay Diot; (4) Concreting of 500 Linear Meter Single Lane Barangay Road along Puroks 1 & 2 in Barangay Mitugas; (5)Concreting of 250 Linear Meter Barangay Road along Purok 4, Barangay Yahong; and (6) Concreting of 500 Linear Meter Barangay Road along Puroks 6 & 7 in Barangay Namut. The total project cost is Php 12,508,401.00. (Photos by Sohanida H. Tawano, DSWD KC-NCDDP Community Empowerment Facilitator)

Laud... from page 5

and improvement in the tax system will increase voluntary compliance by taxpayers, widen the tax base and ultimately boost revenue collections. “With the lowering of the income tax rates, which will result in revenue erosion, the need to significantly increase the tax base and improve voluntary compliance cannot be overemphasized,” TMAP said. The association, meanwhile, offered Duterte its help to push for the tax reform. In a separate statement, Finance Secretary Carlos G. Dominguez III said the political and economic init i at ives out line d by Duterte in his first State of the Nation Address (SONA) will let the new government

put on the fast lane its 10-point socioeconomic agenda. Dominguez said the initiatives presented by the President were meant to disperse income and spell progress for all over the next six years. Duterte’s must-do list includes relentless war on criminality and terrorism; transport and communications infrastructure build-up; comprehensive tax reforms; prudent fiscal policies; poverty alleviation; and jobs creation, especially for the poor.

Assets... from page 5

growth nestled by a stable inflation environment, robust external liquidity position, and a sound banking system, could only further boost the market’s confidence in our

domestic financial markets.” Tetangco also observed that local investors are more selective in their investments, similar to foreign investors’ “m ore d i s c r i m i n at i ng” strategy in ensuring they get stable returns. Tetangco also reminded the trust industry that the asset management business face “systemic implications.” “A c t i v e l y m a n a g e d funds have the advantage of potentially higher yields while passive funds provide lower costs. The downside however is that shifting towards higher-yield-butilliquid exposures exacerbates the vulnerability of financial consumers towards market risk, while the ease of passive funds also nurtures ‘herding’ behavior as well as correlated market movements,” he explained.

“ These notions are confirmed by empirical work at the BIS (Bank of International Settlements) among others, that have shown that asset managers in EME (emerging market economies) asset markets tend to behave in a correlated manner and that investment flows to asset managers and asset prices amplify each other’s fluctuations,” Tetangco added. The BSP has been encouraging more banks to spin of f t heir t r ust departments and create a separate trust corporation. In June last year, the BSP eased up on the P300-million minimum capital compliance for trust corporations to encourage more interests from regular banks to split its trust business. Trust corporations are

allowed to set up with only P100 million as initial capitalization, and then build up to P300 million in the course of five years from inception. The BSP has approved the spin off of trust corporations in 2011 but because of the P300 million minimum capital requirement which banks think too high, there were no applicants. The central bank’s updated set of regulations had to adjust the handling of the minimum of capitalization to encourage more applications. Prior to 2011 a bank is

allowed to establish up to two trust units within its current set up, however after 2011 the BSP allowed a separate trust corporation and a bank can invest as an affiliate in the new trust company, which by BSP definition, is a company engaged in trust and other fiduciary business and investment management activities which will act as trustee or financial consu lt ant, invest ment adviser or portfolio manager or administer any trust or hold property in tryst or on deposit for the use and benefit of others.

VISIT OUR WEB PORTAL

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

wednesday|JUly 27, 2016

Outstanding performers in nutrition named CAGAYAN DE ORO CITY -- The interagency regional nutrition evaluation team recently named Evangeline B. G a l a n o f B a r a n g ay Panadtalan, Maramag town, Bukidnon as the Regional O u t s t a n d i n g B a r a n g ay Nutrition Scholar (ROBNS) of Northern Mindanao. BNS Galan topped seven other contenders from the cities of Gingoog, Valencia, Ozamiz, Malaybalay, Cagayan de Oro and Tangub and from the Province of Camiguin. She is set to be evaluated in October by the national evaluation team to be led by Assistant Secretary of Health and National Nutrition Council (NNC) Executive Director Maria-Bernardita T. Flores as the region’s entry in the national level search for outstanding BNS. T he e v a lu at i on w i l l determine whether the initiatives of Galan and the Barangay Nutrition

Committee contributed to sustained improvement of the barangay’s nutrition situation. Meanwhile, Valencia City and the Municipality of Kadingilan of Bukidnon received the “Pabasa s a N u t r i s y o n” ( P S N ) Outstanding Award conferred by the Philippine Association of Nutrition early this month at the Century Park Hotel in Manila. Both local governments were awarded for sustaining the conduct of Pabasa for three and two consecutive years, respectively, resulting to improved nutritional status of malnourished children of project beneficiaries. PSN is a 10-week nutrition c ours e w hi ch s e eks to empower caregivers (parents or grandparents) in reducing their families’ vulnerability to malnutrition through the adoption of proper nutrition practices and a healthy performers/PAGE 10

CivicAction

University urges students to take part in brgy, SK polls

AGAYAN DE ORO CITY -- Xavier University (XU) has encouraged its students to actively participate in the forthcoming barangay and Sangguninang Kabataan (SK) elections. Nestor Banuag, advocacy coordinator of XU’s social development cluster, said that student organizations are set to conduct an intensive voters’ education campaign through fora and training sessions for Xavier Ateneans who are interested to run as SK officials. “We need to inform the XU community of the ongoing voters’ registration conduc te d by our cit y Comelec office. This is part of our efforts as the technical working group of the ‘XU4SK Campaign’ in the university,”

Banuag said, adding that 500 priority numbers per day will be distributed at the satellite registration hub at the Robinson’s Mall. The goal of the XU4SK Campaign is to encourage Xavier Ateneans to take part in the local governance and leadership of their respective barangays. A forum on the SK Reform Act will draw together emerging young leaders on 23 July 2016 at the XU Peace Park. The barangay and SK polls are slated on October 31 this year. Two-week registration The city poll body expects about 5 percent increase in the number of voters in CDO. Ac c o r d i n g t o l o c a l Comelec officer lawyer Gina Luna Zayas-Sabio, CDO has

an existing 105,000 registered voters aged 18-30 years old who cast their votes during the May 9 national and local elections. City Comelec estimates an additional 15,000 new registrants aged 15 to 17 years old, targeting 1,000 registrants per day. The 15-to-17-year-old registrants will exclusively vote in the SK poll. Voters aged 18-30 years old will have to vote twice, in the regular barangay elections and the SK, as mandated by the SK Reform Act of 2015. During the registration, the 15-to-17-year-old SK registrants must bring the following: (1) original and a photocopy of birth certificate issued by the Philippine Statistics Authority, (2) an

identification card (school or employment ID), and (3) proof of residency (must be residents of their respective barangays for at least six months prior to election day). Regular voters, 18 years old and above, must bring any government-issued ID, employment ID or proof of billing, and should also be residents of a barangay for at least six months prior to October 31. The poll body will only cater voters’ registration, reactivation and correction of voting records. The registration will last until July 30. Comelec offices of cities and municipalities nationwide are open from 8:00 a.m. to 5:00 p.m., including holidays and weekends. (XU Comm)

ARMM joins 38th National Disability Prevention, Rehabilitation Week celebration MARAWI CITY -- The Regional Human Rights Commission in the Autonomous Region in Muslim Mindanao (RHRC-ARMM) led the regional celebration of the 38th National Disability Prevention and Rehabilitation Week on July 21, 2016. Lawyer Abdulnasser Badrudin, RHRC-ARMM chairperson, said the program was primarily aimed at raising better awareness of the rights of persons with disability (PWDs). We are showing our deepest concern to PWDs being one of the

most vulnerable sectors of society,” Badrudin said. He said discrimination against PWDs results in their low participation in economic and social activities in society. Republic Act 7277, or the Magna Carta for Disabled Persons, d e f i n e d P WD s a s “those suffering from restriction of different abilities, as a result of a mental, physical or sensory impairment, to perform an activity in the manner or within the range considered normal for a human being.”

It further mandates that five percent of all casual, emergency and contractual positions at the departments of Social Welfare and Development; Health; Education, Culture and Sports; and other government agencies, offices or corporations engaged in social development shall be reserved for disabled persons. “The RHRC-ARMM advocates the inclusion o f P WD s ( n o r m a l activities of society). We aim at creating a condition wherein PWDs will feel they belong,

are respected, and valued whoever they are,” Badrudin added. Several humanitarian partners and government offices that advocate for the welfare of PWDs also took part in last Thursday’s program. Assistant Secretary Dayang Carlsum Jumaide of ARMM’s Department of Health said the region’s Health and Wellness Program for Persons with Disabilities is designed to promote the highest attainable standards of health of PWDs and prevent them from developing health

conditions associated with disability. One of its milestones, Jumaide added, is the development of service packages for PWDs specifically for disability due to chronic illnesses, learning disability and cerebral palsy. Miguel Antonio Limon, regional programs coordinator of the National Council on Disability Affairs, also gave a lecture on government laws that promote the rights of PWDs. Across the country, there are 1.4 million PWDs comprising 1.57

percent of the total population based on the 2010 National Census. The same census noted 34,775 PWDs in the ARMM, of which 17,875 are male and 16,900 are female. Meanwhile, several private individuals, who declined to be named, donated wheelchairs for PWDs during the event. They also manifested continued support for P WD s . The celebration bears the theme “Karapatan ng Maykapansanan, Isakatuparan... Now Na!” (BPI/APB/PIA-10)

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

wednesday|JUly 27, 2016

SONA...

He said that he was optimistic that Duterte could accomplish his avowed mission to attain lasting peace in Mindanao during his term. “Sustainable and lasting peace in Mindanao is a very elusive dream that has rocked the war-torn island of Southern Philippines for centuries,” Rodriguez said. The Filipino people also share Duterte’s resolve to attain lasting peace, in its real sense, in order to propel progress and development in the long forgotten (now no more) island of Mindanao, he said. (PNA)

from page 1

community, could ask nothing more, Emano said. “Finally, the time has come to Mindanao to rise to fulfill its accolade as the ‘Land of Promise,’” Emano told the Philippines News Agency. He said that President Duterte delivered a “comprehensive and straight to the layman’s heart” SONA that promises a new dawn of hope for the people of Misamis Oriental in particular and Mindanao in general. Rep. Maximo Rodriguez, Jr., of Cagayan De Oro’s 2nd District, described Monday’s SONA as “super SONA.” “President Duterte’s SONA seeks inclusive growth for the poor (not the rich). It was bold, daring, clear, and concise as to its goal in the next six years,” Rodriguez said.

Rice... from page 2

They belonged to the peasant groups Kahugpungan sa mga Mag-uuma (Kasama), Organisasyon sa mga Yanong O b r e r o n g Na h k a h i u s a (Ogyon), and the Kilusang

Republic of the Philippines Office of the Municipal Civil Registrar Maramag, Bukidnon PUBLICATION OF THE PETITION In Compliance with the Rule of R.A. 9048 / R.A. 10172, a notice is hereby served to the public that has filed with this office a petition for change of first name / sex / date of birth/month from, “MALE” to “FEMALE” , in the Live Birth Certificate of DOLLYN PAMAT ROSACIÑA who was born on NOVEMBER 16, 1992 and whose parents CRISOSTOMO L. ROSACIÑA and MARIA ESTRELLA PAMAT. Any person adversely affected by said petition may file his written opposition with this office not later than 10 days. (Sgd.) RHANDY B. MACABODBOD Assistant Registration Officer

BWM: July 20 & 27, 2016

Republic of the Philippines SUPREME COURT REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE File No. EJF-2016-293 Upon Extra Judicial Petition for sale under Act 3135 as amended by Act No. 4118. Filed by HOME DEVELOPMENT MUTUAL FUND (Pag-IBIG Fund), a government financial institution duly organized and existing under and by virtue of Republic Act No. 9679, with principal office at the Atrium of Makati, Makati Avenue, Makati City, and with branch office at Pag-IBIG fund Bldg., J.R. Borja St., Cagayan de Oro City, against MARITES T. GORRE, single, of legal age, Filipino citizen, with postal address at Lot 33, Blk. 11, Phase 1 Pag-IBIG City, Johndorf, Malanang, Opol, Misamis Oriental, to satisfy the mortgage indebtedness which as of May 20, 2016 amounts to FOUR HUNDRED FIFTY TWO THOUSAND ONE HUNDRED SIXTY THREE PESOS and 38/100 (P452,163.38) Philippine Currency, inclusive of interest and penalty charges, exclusive of attorney’s fees and other necessary fees and expenses of Extra-Judicial Foreclosure and Sale, the undersigned Sheriff will SELL at Public Auction on August 19,2016 at 10:00 o’clock in the morning or soon thereafter at the main entrance of RTC Branch 40, A. Luna St., Capitol Compound, Cagayan de Oro City, to the Highest Bidder, for CASH in the Philippine Currency, the real property mortgaged together with all improvements thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. 136-2013001491 Registered in the name of MARITES T. GORRE

Lot Portion of Lot As Surveyed for Land Use Location Area

: : : : : :

Lot 33, Block 11, Psd-10-057664 Lot 1, Pcs-10-003972 UCPB (Pag-IBIG Citi Homes) Residential Malanang, Opol, Misamis Oriental Ninety(90)Sq.MetersMoreorLess

Prospective buyers/bidders may investigate for themselves the title herein-above described and encumbrances thereon, if any there be. All sealed bids must be submitted to the undersigned on the abovestated date, time and place. In the event the public auction should not take place on the said date for whatever reason, the same will proceed on the following working day, without further notice, posting and publication.

Cagayan de Oro City, July 15, 2016.

FOR THE EX-OFFICIO PROVINCIAL SHERIFF BY:

BWM: July 20, 27 & Aug. 3, 2016

(Sgd.) ALAN M. BANAAG Sheriff IV

Magbubukid ng Pilipinas. The police who were dispatched to secure the DSWD regional office, said that the farmers did not hamper the flow of vehicular traffic in the area. “The farmers were very cooperative and did not cause any disturbance,” said Chief Insp. Gil Agpaoa, the team leader of the police group tasked to secure the area. (PNA)

Policy... from page 2

be taken from the available bona fide residents in the prov i n c e i n w h i ch t h e businesses or projects are to be undertaken in order to promote the welfare of ever y Surigaonon,” said Matugas. Un d e r t h e s ai d E O, the Provincial Office of the Department of Labor and Employment (DOLE) shall submit on a quarterly basis a cer tif ied list of job opportunities in the province to the provincial government through the

provincial employment and services office (PESO). The Business Permit and Licensing Section of the Office of the City and Mu n i c ip a l Mayor sha l l submit a list of business establishments indicating their employees and addresses. The owners and managers/ chief executive officers of business and industrial establishments, contractors and subcontractors shall under oath certify a list of its employees and their addresses including vacant positions and submit the same to the PESO office. Meanwhile, the PESO office as the collator of all data gathered shall come up with a master lists of vacant positons/job opportunities in all business and industrial establishments and that of their existing number of employees and their addresses. The said EO shall take effect 15 days following its approval and publication. ( S D R / P IA- S u r i g a o d e l Norte)

Inflation... from page 5

SDA’s interest rate to 2.5 percent. With these measures, deposits in the SDA facility have gone down to about Php 1 trillion after hitting almost Php 2 trillion in April 2013. M3 growth started to go down since February 2014 and has normalized since then. Cuyegkeng said current M3 growth “is appropriate to allow economic growth while keeping demand pull pressures contained.” ”Additional liquidity coming from regulator y easing would likely become a key focus later this year or early next year,” he said referring to the projected adjustment in banks’ reserve re qu i re m e nt a s e x c e s s liquidity in the system remains. “BSP would likely need to balance tax reform-induced inflation pressures (and likely upward revisions of inflation expectations) with liquidity requirement for economic growth,” he added.

VIRGINIA DAGPIN FLORES, Petitioner, - versus –

Performers... from page 9

lifestyle. Should Valencia City and Kadingilan sustain the award for four consecutive years; both will join Ozamiz City in the ranks of Pabasa sa Nutrisyon Hall of Fame Awardees. Ozamiz City was the first PSN Hall of Fame awardee for the region in 2012. (FEV-NNC 10/PIA 10)

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12TH Judicial Region BRANCH 07 Tubod, Lanao del Norte

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12TH Judicial Region BRANCH 07 Tubod, Lanao del Norte In re: PETITION FOR CORRECTION OF ENTRIES IN THE SPL. PROC. NO. 320-07-2016 CERTIFICATE OF LIVE BIRTH OF VIRGENIA ARSENO DAGPIN otherwise known as VIRGINIA ARSENO DAGPIN, her place of birth from “Bag-ong Ingod Settlement, Tangkal, Lanao del Norte” to “MAGSAYSAY, LANAO DEL NORTE”; Father’s surname from “DAGCIN” to “DAGPIN”; Mother’s name off line reads to make it clear as “PROFETISA ARSENO”.

In the first half this year, inflation averaged at 1.3 percent, still below the government’s two to four percent target for 2015-18. However, inflation rate has been rising with the June level at 1.9 percent from month-ago’s 1.6 percent due to faster inflation in heavily-weighted food and non-alcoholic beverages index. (PNA)

In re: Petition for Cancellation of Entry in the Certificate of Live Birth of KENNETH REX VILLAR LIGAN and GENESIS ADAM VILLAR LIGAN. Under the Entry No. 5b. IF Multiple Birth, Child was, etc. and Correction of Entry of Child Item No. 58 From KENNETH V. LIGAN to KENNETH REX V. LIGAN. DENNIS ADAM J. LIGAN, - versus –

Petitioner,

LOCAL CIVIL REGISTRAR OF TUBOD, LANAO DEL NORTE,

LOCAL CIVIL REGISTRAR OF MAGSAYSAY, LANAO DEL NORTE, Respondent.

x------------------------------------------/ ORDER A verified petition for correction of entries in the Certificate of Live Birth of VIRGENIA ARSENO DAGCIN otherwise known as VIRGINIA ARSENO DAGPIN etc. was filed before this Court on July 11, 2016 by the herein petitioner praying among others that after notice and hearing, an Order be issued directing the Respondent’s office to effect the correction sought for. Petition alleges that she is of legal age, female, widow and a resident of Balide Road, Romarate, Aurora, Zamboanga del Sur. She was born on March 5, 1957 to spouses LUIS DAGPIN and PROFETIZA ARSENO at formerly Bangong Ingod Settlement, Lanao Tangcal, NOW, Magsaysay, Lanao del Norte. In all her school records and documents of importance, she consistently used VIRGINIA A. DAGPIN and such fact appears in her Transcript of Records, UMID GSIS CARD, DEPed ID Card, Community Tax Certificate, Appointment as Teacher III, Voter’s Certificate and other personal documents. When she secured a SECPA copy of her Birth Certificate, she was surprised that her name is spelled as VIRGENIA instead of “VIRGINIA”, her place of birth also appeared as “LANAO TANGKAL BAGONG INGOD SETTLEMENT”, instead of “MAGSAYSAY, LANAO DEL NORTE, the name she knew as her birthplace since she reached the age of reason. It is the place where she grew up and never knew that it was named “TANGCAL BAGONG INGOD SETTLEMENT”. She also found out that surname of her father was misspelled as “DAGCIN” instead of DAGPIN, its correct spelling, likewise under the name of “child’s mother”, written offline and unclear be cleared and let her real name be entered as “PROFETISA LANGOYAN ARSENO”. Her husband died on October 30, 2013 until now she has not claimed any the survivor’s benefits from the GSIS because of her erroneous Birth Certificate. Hence, this instant petition to straighten all her records in order to conform to the correct and true facts of her birth. Likewise to support also for her soon application of retirement from the Department of Education. Set the initial hearing of this case to September 2, 2016 at 8:30 in the morning before the sala of this Court. Furnish copy of this Order to the OSG, Makati City, Office of the Public Prosecutor, Office of the Local Civil Registrar of Magsaysay, Lanao del Norte, The Administrator and Civil Registrar, NSO, Quezon City, Metro Manila, Atty. Dorothea Basalo and to the petitioner, in her known address. Let copy of the Order containing the petition be published in a newspaper of general circulation for three (3) consecutive weeks, at the expense of the petitioner. So ORDERED. Tubod, Lanao del Norte. July 15, 2016. (Sgd.) DENNIS P. VICOY Acting Presiding Judge BWM: July 20, 27 & Aug. 3, 2016

SPL. PROC. NO. 319-07-2016

Respondent.

x--------------------------------------/ ORDER

A verified petition for Cancellation of Entry in the Certificate of Live Birth of Kenneth Rex Villar etc was filed before this Court on July 8, 2016 by the herein petitioner praying among others that after notice and hearing, an Order be issued directing the Respondent Office to effect the Cancellation and correction of entry sought for. Petitioner alleges that he is of legal age, Filipino, married and resident of P-Roses, Maloro, Tangub City. Respondent is sued in her official capacity. Petitioner is married to DELFINA LAHOYLAHOY VILLAR at the Seventh Day Adventist Church, Tibanga, Iligan City on September 24, 1984. Out of their marriage, they begot three (3) children; 1. GENESIS ADAM VILLAR LIGAN, who was born on June 29, 1986 at Patudan, Tubod, Lanao del Norte. 2. KENNETH ADAM VILLAR LIGAN who was born on February 26, 1989 at Patudan, Tubod, Lanao del Norte. 3. DENNIS ADAM VILLAR LIGAN, JR. who was born on December 11, 1999 at the Lanao del Norte Provincial Hospital. That lately, when Petitioner’s child applied for a job abroad, he was informed that the entry under the Entry No: 5b IF MULTIPLE BIRTH, CHILD WAS, is erroneous as there is an X mark to the space: Second when the choices should have been left in blank in view of the fact that the type of birth when he was delivered was SINGLE. Moreso, the entry under Entry No. 58 as to the child’s name is erroneous; it was only written as KENNETH V. LIGAN when it should have been KENNETH REX V. LIGAN, as indicated in Entry No. 1 of the said Certificate of Live Birth and he has always been known as KENNETH REX V. LIGAN. When he verified the Certificate of Live Birth of his eldest son GENESIS ADAM, the same contained the same erroneous entry as there is also an X mark in the space: First in Entry No. 5b. IF MULTIPLE BIRTH CHILD WAS, when the choices should had been left in blank, as the delivery of said child was SINGLE birth and not multiple birth. Petitioner comes to Court to seek remedy for the aforementioned erroneous entries in the Certificate of Live Birth of his sons namely: KENNETH REX and GENESIS ADAM. He is desirous to correct those entries as to avoid confusion and future inconveniences. Filed in good faith. Set the initial hearing of this petition to September 9, 2016 at 8:30 in the morning before the sala of this Court. Any person/s interested to the petition may appear in court on said date and time to show cause why said petition should not be granted. Let copy of this Order be furnished the Office of the Solicitor General at Makati City, Office of the Provincial Prosecutor in Tubod, Lanao del Norte, Office of the Local Civil Registrar in Tubod, Lanao del Norte, Atty. Dorothea Basalo, counsel for the petitioner at her known address in Poblacion, Tubod, Lanao del Norte, Dennis Adam Ligan, the petitioner of P-Roces, Maloro, Tangub City. Petitioner is directed to publish copy of the Order containing the petition in a newspaper of general circulation for three (3) consecutive weeks, at the expense of the petitioner. So Ordered. Tubod, Lanao del Norte. July 15, 2016. BWM: July 20, 27 & Aug. 3, 2016

(Sgd.) DENNIS P. VICOY Acting Presiding Judge

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

wednesday|JUly 27, 2016

Infras... from page 1

of the Nation Address that his administration will give top priority to climate change. “Climate change will be a top priority but upon a fair and equitable equation… and must not stymie our industrialization,” he said. Just a few days ago, Duterte b annere d nat iona l and international news reports for saying that he will not honor the Paris Agreement on climate change, which he described as “stupid”. “To realize President D uter te’s go a ls to f re e Filipinos from the chains of energy oligarchs, he must adopt and unleash the power of decentralized renewable energy rather than further lock the country into centralized, wasteful, polluting coal power controlled by a few companies,” Constantino said. The Philippines, according to the Department of Energy, has an untapped RE potential for electric power generation at no less than 250,000 MW, broken down into hydro, 10,000 MW; ocean energy, 170,000 MW; geothermal, 4,000; wind, 76,600 MW; solar, 5 kWh/m2/day; and sugar cogen, rice husk, and coconut, 500 MW. Currently, however, the Philippines is powered by fossil fuels at 72 percent while only 28% are sourced from RE. To ensure sustainable n at i on a l d e v e l opm e nt , a shift from fossil fuels to R E i s ne e d e d, s ai d Reuben Muni, climate and

energy campaigner for the Philippines of Greenpeace Southeast Asia. Muni urged Duterte to champion renewable energy, which he said “is outpacing dirty oil, coal, and gas in terms of growth worldwide.” “Duterte should champion the country’s shift from fossil fuels to renewables, which would give his administration the higher moral ground when it negotiates lower carbon emissions from developed countries. Doing so would not only lower the main source of climate change, but also take advantage of the growing opportunities for jobs and investments,” he said in a statement last month. According to the iCSC, RE offers massive economic rewards. “Just last year US$328.9 billion was invested in renewable energy globally. In fact, more jobs were created in the renewable energy sector last year compared to jobs generated in the oil, gas and coal sectors. The Filipino nation can and must be powered by clean energy,” Constantino said. The “Renewables 2016 Global Status Report” said that developing countries put in US$156 billion in investments globally in renewable energy in 2015, which is a 19 percent increase to the global RE investments in 2014. Aksyon Klima, on the other hand, cautioned the President from repeating the mistake of the Aquino administration which approved more than 20 coal

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF Tubod, Lanao del Norte NOTICE OF EXTRA-JUDICIAL SALE EJF No. 203-07-2016 Upon the Extra Judicial Petition for Sale under Act 3135/1508, as amended, filed by the PLANTERS DEVELOPMENT BANK (now China Bank Savings, INC.,) Lanao del Norte against SPS. LUCAS YU and LIZA LEE YU, Baroy Marine Product Baroy Lanao del Norte to satisfy the indebtedness which as of January 15, 2016 amounting to TWELVE MILLION ONE HUNDRED FIFTY FOUR THOUSAND NINE HUNDRED EIGHTY EIGHT AND 99/100 (Php 12,154,988.99) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at Public Auction on 26th day of August 2016 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Provincial Capitol of Lanao del Norte, Pigcarangan, Tubod, Lanao del Norte to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements, to wit: TRANSFER TO CERTIFICATE OF TITLE NO. T-14192 Lot B (LRC) Psd-93786 A parcel of land 9 Lot B of the subdivision plan (LCR) Psd-93786, being a portion of land described on plan H-S2514, LCR Record No. H. Patent), situated in the Barrio of Crossing Gamay, Municipality of Baroy, Baroy, Province of Lanao del Norte, Island of Mindanao. Bounded on the N.E., points 4 to 5 by the property of Juliana Estudillo, points 5 to 6 by the property of Pascual Martin; on SE., points 6 to 7 by Lot C, points 7 to 1 by Lot E, on the SW., points 1 to 2 by Lot A, all of the subdivision plan; and on the NW., points 2 to 3 by the property of Cirilo Vergeire (E-167627); points 3 to 4 by the property of Inocencio Bacaling (H-5-0-1435). Beginning at a point marked “1” on plan, being S. 3 deg. 56’E., 1949.80 m. from B.L.L.M. No. 1 Municipality of Baroy; thence together with all the improvements found thereon. “All sealed bids must be submitted to the undersigned on the above stated time and date. In the event that the Public Auction cannot take place on the said date, it shall be held on September 5, 2016, without further notice.

Tubod, Lanao del Norte, Philippines, this July 8, 2016.

For the Clerk of Court and Ex-Officio Sheriff

fired-power plants on top of the nine plants that came online in the past six years. Before Aquino’s term, the country only has eight coalfired power plants. Senator Loren Legarda said in a news report that the Philippines’ coal consumption rose 27% between 2012 and 2014. Power generation from coal is a major source of carbon dioxide and other greenhouse gasses that cause climate change. The Philippines, through the Aquino administration, has pledged before the world in December 2015 in Paris to lower emissions by 70% on business as usual levels by 2030.

Measures...

from page 1 areas that would be severely hit by the oncoming weather disturbances. According to the National Economic and development Authority (Neda) in Region 10, r ice inventor ies in northern Mindanao has reached 1,882,553 bags as of June 2016. And days before a cyclone would hit a particular area, Ms. Ramos said the region wou ld deploy combine har ve ste rs , me chan ic a l transplanters, mechanical threshers and hand tractors so they could salvage palay

which are already ready for harvest. The department also has supplies of multivitamins and vaccines for livestock worth P385,000 ready to roll out in the event of a calamity. Ms. Ramos said DA 10 employees and other tapped agricultural extension workers are currently undergoing training so there would be smooth coordination in any La Nina-related eventuality.

Ceasefire... from page 1

Ph i l ippi ne s wel c om i ng P r e s i d e n t D u t e r t e ’s announcement in his SONA that he is ordering the unilateral ceasefire of the AFP and PNP in relation to the NPA,” the statement read. He said that the NDFP “shared wit h President Duterte the determination to work for a just and lasting peace.” The statement also reads that Jalandoni was looking forward to the resumption of formal talks in Oslo on August 20 to 27when the GRP and NDFP negotiating panels would at the latest exchange ceasefire declarations in order to discuss and agree further on how to make them effective. In a text message to media, B ayan Muna Representative Carlos Is agani Z arate li ke wis e

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 18 Cagayan de Oro City HOME DEVELOPMENT MUTUAL FUND EJF FILE NO. 2016-269 or PAG-IBIG FUND, Mortgagee, -versus- FOR: EXTRA-JUDICIAL FORECLOSURE OF REAL LYRA JOY T. TAN married to ESTATE MORTGAGE SATURNINO L. TAN, Mortgagors. x-----------------------------------------------/ Upon extra-judicial petition for sale under Act 3135 as amended, filed by HOME DEVELOPMENT MUTUAL FUND or PAG-IBIG FUND, Mortgagee, with branch office at PAG-IBIG fund Bldg., J.R. Borja St., Cagayan de Oro City, against LYRA JOY T. TAN married to SATURNINO L. TAN, Mortgagors, with postal address at Lot 16, Blk 8, Bellevue, Upper Balulang, Carmen, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of June 6, 2016, amounted to ONE MILLION THREE HUNDRED EIGHTY SIX THOUSAND FOUR HUNDRED TWENTY NINE PESOS and 48/100 (Php1,386,429.48) Philippine Currency, the undersigned Sheriff will sell at public auction on August 5, 2016 at 9:00 a.m. to 4:00 p.m. at the Regional Trial Court, Branch 18, Hall of Justice (City Tourism Hall), Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the following property described below including all existing improvements found thereon, to wit: TCT No. 137-2015000330 Lot : Portion of Lot : As surveyed for : Land Use : Location : Area :

Lot 16 Block 8, PSD-10-058579 Lot 1, PCS-10-004054 Biema Cruz Along, Wilma Cruz Paras, Rosario Cruz Guest, Emma Grace Cruz Ang and Ma. Luz Cruz Gallego (Bellevue) Residential Carmen, Cagayan de Oro City 95 square meters, more or less

All sealed bids must be submitted to the undersigned on the above-stated time and date. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title herein above described and encumbrance thereon, if any there be.

Cagayan de Oro City, July 4, 2016.

(Sgd.) CONRADO V. HINGCO, JR. Sheriff

FOR THE EX-OFFICIO PROVINCIAL SHERIFF (Sgd.) NIZA P. TACANDONG Sheriff IV

BWM: July 13, 20 & 27, 2016

w e l c o m e d D u t e r t e ’s pronouncement on the ceasefire. “His declaration of a unilateral ceasefire with the CPP-NPA-NDF is most welcome and the subsequent release of political prisoners would be a great confidence building measure to jumpstart the formal peace negotiations to finally address the root causes of the armed conflict,” he said. Duterte, in his SONA last Monday, said his declaration of a unilateral ceasefire is effective immediately and encouraged the Communist Party of the Philippine-New People’s Army-National Democratic Front (CPPNPA-NDF ) to re sp ond accordingly. T he Pre s i d e nt , w ho delivered a 1-hour and 32-minute speech, said that it is about time to end the decades-long of armedconflict. “Let me say this: all of us want peace, not the peace of the dead, but the peace of the living. We express our willingness and readiness to

go to the negotiating table and yet we load our guns, fix our sight, pull the trigger,” he said. Duterte said it is both “ironic and tragic” that both parties claim they want to go back to the peace table yet the military troops and the NPA rebels fight one another. “What I see instead are the widows, and the orphans and I feel the pain and grief, and no amount of cash assistance or the number of medals can compensate the loss of the human life. Sorrow cuts across every stratum of society, it cuts deeply and the pain lasts forever,” he said. He said that the continuous fighting is going nowhere and gets “bloodier by the day.” Duterte appeared hopeful that after his pronouncement of a unilateral peace, this will provide an enabling environment conducive for the resumption of the peace talks. “Let’s strike a permanent and lasting peace before my term ends. That’s my goal, that is my dream,” he added.

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12TH Judicial Region BRANCH 07 Tubod, Lanao del Norte In re: PETITION FOR ADOPTION OF CHILD SPL. PROC. NO. 317-07-2016 MINOR DEMILOU CHRISTIAN BANO. FOR: ADOPTION FELIX VICENT C. CAMPOS, Petitioner.

x----------------------------------/ ORDER

A verified petition for adoption of minor child DEMILOU BANO was filed before this Court on June 09, 2016 by the herein petitioner praying among others that after notice and hearing, an Order be issued decreeing the adoption of DEMILOU CHRISTIAN BANO as the legitimate child of the Petitioner-father. Petitioner alleges that he is of legal age, and resident of San Juan, Baroy, Lanao del Norte. That out of his cohabitation with a certain ARMILYNE E. BANO, a child named DEMILOU CHRISTINE BANO was born on March 26, 2000. That Petitioner at the time of the child’s birth was legally married to one Ruby Corazon G. Fernan. However, his marriage was declared null and void in a Decision dated October 23, 2000, by the then, Honorable Judge Oscar E. Zerna. That ever since her birth on March 26, 2000, said minor child DEMILOU CHRISTIAN BANO has always been under the care and custody of the herein petitioner and her mother, being their own daughter. That after the first marriage of the petitioner was declared null and void, he married ARMILYNE E. BANO, the mother of the child on November 27, 2000. That owing to the fact that at that time of the conception and birth of the child, Petitioner was suffering from a legal impediment, the child cannot be legitimized under Article 177 of the Family Code. Being the biological father of the child, petitioner wanted to adopt DEMILOU CHRISTIAN BANO in order to elevate the status of the child from ILLEGITIMATE to LEGITIMATE so as to be at par with her younger siblings. That petitioner has all the necessary qualification and none of the disqualification to adopt the minor child. That he is in possession of all civil and legal rights and have not been convicted of any crime involving moral turpitude. That being the natural father, he, now been legally married to the child’s mother and living together as husband and wife, is emotionally and psychologically capable of caring of his own daughter DEMILOU CHRISTIAN BANO and has proven capable to support and care for the child minor sufficient income for the child’s well being as she grows up. That if petition be granted, it will ultimately redound to the best interest of the child elevating her civil status from ILLEGITIMATE to LEGITIMATE child of the petitioner. Finding the petition to be sufficient in form and substance, set the initial hearing of the case to October 7, 2016 at 8:30 in the morning before the sala of this Court. Let copy of this Order be furnished the Office of the Solicitor General at Makati City, Office of the Public Prosecutor at Pigcarangan, Tubod, Lanao del Norte, Office of the Local Civil Registrar of Baroy, Lanao del Norte, Atty. Dorothea Basalo, counsel for the petitioner of Poblacion, Tubod, Lanao del Norte, Felix Vicent C. Campos, the petitioner of San Juan, Baroy, Lanao del Norte. The Department of Social Welfare and Development, Field Office, Region 10, Cagayan de Oro City is hereby directed to conduct a Home Study and Child Study Report upon the petitioner and the child subject of the case. He/she is directed to submit a report relative therewith, at least three (3) days before the scheduled hearing of the petition. Any interested person/s are hereby directed to come to Court on said time and date to show cause why said petition should not be granted. SO ORDERED. Tubod, Lanao del Norte. July 15, 2016. BWM: July 20, 27 & Aug. 3, 2016

(Sgd.) DENNIS P. VICOY Acting Presiding Judge

BusinessWeek MINDANAO www.businessweekmindanao.com

lifestyle

Wednesday | July 27, 2016

Catch the July 30 Anniversary Sale at SM Lanang Premier and SM City Davao

M Supermalls across the country are set to have a one-day Anniversary Sale on July 30, 2016 in celebration of SMâ€™s 30 years of fun shopping mania. In Davao, SM Lanang Premier and SM City Davao are holding the said sale where shoppers can enjoy a day of great finds, discounts, deals and freebies. Shoppers can grab up to 50% off on great selections at The SM

Store, Watsons, Forever21, Toy Kingdom, Ace Hardware, Our Home, and Kultura. They can also avail 30% off or less Php30.00 on special promos on dining, health, beauty and wellness, fashion, apparel and other products or services from participating tenants. Special treats also await

mallgoers during the Anniversary

Sale on Saturday. In SM Lanang

Premier, first 30 shoppers can get a free pretzel at Auntie Anneâ€™s on July 30 from 1pm-3pm. Shoppers of Forever21 can also grab buy one, get one promo on all markdown items on July 28-31. Exclusive dining deals are up for grabs at SM Lanang Premier Fountain Court tenants as well. Sixty (60) lucky diners of

Bulgogi Brothers are entitled to Php250 dining vouchers for every Php1,500 purchase receipt from any nonfood tenant on July 30-31. In addition, 450 customers can get Php100 Vikings dining vouchers for every P1,500 purchase receipt from any nonfood tenant on July 28-31. For more information, check out SM Lanang Premier and SM City Davao on Facebook, Twitter and Instagram.