BusinessWeek MINDANAO
WE ACCEPT
TARPS
STICKERS BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VII, No. 013
Market Indicators As of 6:21 pm july 5, 2016 (tuesday)
FOREX
PHISIX
US$1 = P46.90
7,808.13
X
6.7 cents
38.41
X
points
Briefly Rising hunger THE RANKS of those who went hungry due to lack of food at least once grew in January-March from last year’s closing quarter as the administration of former President Benigno S. C. Aquino III entered its final three months in office, according to a Social Weather Stations (SWS) report that cited a significant increase in Mindanao from where newly seated President Rodrigo R. Duterte hails. The increase in hunger rate was driven by a six-point rise in Mindanao to 19% (or an estimated 978,000 families) from 13% (658,000) in December that offset a three-point decline in Metro Manila to 14% (429,000 families) from 17% (513,000 families), a one point dip in the Visayas to 10.3% (449,000 families) from 11.3% (484,000 families), and a 2.6-point increment in Luzon areas outside the nation’s capital to 12.3% (1.2 million families) from 9.7% (952,000 families).
Power barge turn-over THE Power Sector Assets and Liabilities Management Corp. (PSALM) turned over the 32-megawatt power barge 104 to its new owner SPC Power Corp., which won the floating generating station in a bidding held in April. Lourdes S. Alzona, PSALM’s officer-in charge, said in a statement on Friday that the closing of the power barge sale was “another manifestation of the strong partnership and collaboration between the government and the private sector that rests on a solid platform to provide reliable and quality supply of power to Filipino consumers.”
2014 ppi’S Best in ENVIRONMENTAL Reporting
Corporation
P15.00
0915-563-6246
Indonesia’s ban on coal won’t affect Mindanao www.businessweekmindanao.com
Wednesday | July 6, 2016
By BONG D. FABE, Contributing Editor
T
HE recent imposition of a ban on coal shipments to the Philippines by the Indonesian government will not adversely affect Mindanao’s daily power requirements, the spokesman of Mindanao’s first coal-fired power plant said yesterday. Jerome Soldevilla, communications officer of the Steag State Power, Inc. (SPI) said that the Mindanao Power Plant is unaffected by the ban. “As we understand it, the ban is imposed only on coal ships carrying the Indonesian flag. But since our coal imports are shipped on non-Indonesian flag-carrying vessels, it will have no negative effect on us,” Soldevilla told this reporter. He assured power consumers of a stable supply coal/PAGE 11
EID MUBARAK! Muslims pray outside a mosque in Davao City as the Muslim community marks the end of the Holy Ramadan in this file photo. This year, the whole month of prayers and fasting end today, July 6, 2016. MindaNews file photo by Toto Lozano/AKP Images
Today is national holiday for Eid’l Fitr By MINDANEWS
DAVAO City – Wednesday, July 6, has been declared a regular holiday through the country in observance of Eid’l Fitr, which marks the end of the month-long Ramadan. President Rodrigo Duterte on Monday issued Proclamation 6, declaring July
6 as a holiday, in accordance with RA 9177 which was passed on November 13, 2002 declaring Eid’l Fitr as an annual national holiday but whose date every year has to be determined “in accordance with the Islamic calendar (Hijra) or the lunar calendar,
or upon Islamic astronomical calculations, whichever is possible or convenient” Proclamation 6 states that Eid’l Fitr is celebrated by the Muslim world for three days after the end of the month of fasting; that the entire Filipino holiday/PAGE 9
Investment leads in Mindanao almost P900B as of last month
Cusi keen on linking Vis-Min power grids
ENERGY Secretary Alfonso Cusi said Monday the completion of the inter-connection of the three main grids could be implemented during his term. Cusi said in a press conference he is now studying the potential project. Power-grid operator National Grid Corp. of the Philippines (NGCP) started the feasibility study on different routes to connect the two main islands, an undertaking that is expected to be completed this year. The Energy Regulatory Commission (ERC) approved a budget of P152.46 million for NGCP to linking/PAGE 9
By ANTONIO L. COLINA IV, MindaNews
DAVAO City -- Investment leads in Mindanao surged in June to surpass the figures for the first four months of 2016, according to data from the Board of Investments–Southern Mindanao. BOI-Southern Mindanao chief Gil
Dureza told Kapehan sa Dabaw at SM City on Monday the P886.75 billion investment leads last month showed an improved investors’ confidence for Mindanao after the victory of President Rodrigo R. Duterte in the leads/PAGE 11
Normin braces for La Niña DEPARTMENT of Interior and Local Government in northern Mindanao has convened member agencies of the Disaster Preparedness Committee to carry out measures on the impending threat of La Niña in the coming months.
The latest advisory from the Philippine Atmospheric, Geophysical, and Astronomical Ser vices Administration (PAGASA) reports the El Niño as weakening and “in its decaying stage,” and the development braces/PAGE 9
DEEP AND COOL. Tayangban Cave Pool in Barangay Datu in Pilar town in Siargao Islands, Surigao del Norte has been drawing tourists for its cold, deep water and a cave system which hosts hundreds of bats. The cave has stalactites that measure from 20-30 feet. MindaNews photo by Roel N. Catoto
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776
BusinessWeek MINDANAO
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
E conomy 2 Furniture exporters need to stay compliant with EU timber regulation 2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
wednesday|JUly 6, 2016
P
HILIPPINE small and medium-sized furniture exporters
to the European Union (EU) need to remain compliant with the regulation banning
“DepEd TO SUBSIDIZE SHS FEE THROUGH VOUCHER PROGRAM” Mrs. Ruth S. Ponferrada, Teacher III Grade 5- Real Adviser Mambayaan ES, North District Balingasag, Misamis Oriental
The Department of Education will be subsidizing fees of Grade 10 completers from public and private Junior High School who want to enroll in a (1) private high school (2) private university or college (3) state or local university or college (4) technical-vocational school which will offer Senior High School starting SY-2016-17. Department Education order 46,s. 2015 states that all grade 10 completers of public Junior High School including state universities and colleges, local universities and colleges are qualified voucher recipients.
“EDUCATION IN THE PHILIPPINES” Mrs. Ruth S. Ponferrada, Teacher III Grade 5- Real Adviser Mambayaan ES, North District Balingasag, Misamis Oriental
Education in the Philippines is managed by the Department of Education (DepEd) Commission on Higher Education (CHED) AND Technical Education and Skills Development Authority (TESDA). DepED is responsible for the K-12 basic education, it exercises full and exclusive control over public schools and nominal recognition over private schools. From 1945 to 2012, basic education took ten years to complete six years of elementary education and four years of high school education for children aged six up to fifteen. However, after the implementation of the K-12 program of the DepED and subsequent ratification of kindergarten Ac 0f 2012 and Enhanced Basic Education Act of 2013, the basic education today takes thirteen years to complete.
illegal timber exports. As of June 30, the United Kingdom (UK) government has not changed policy and remains a key supporter of the EU’s Forest Law and Enforcement Governance and Trade Policy (FLEGT) even after the UK voted to leave the EU. “EU Laws such as the EU Timber Regulation are still binding and are enshrined
in UK Law (countries such as Nor way that are not part of the EU have in fact adopted the EUTR),” said the Global Timber Forum (GTF), a communications channel and facilit ator s upp or t i ng t h e t i mb e r industry worldwide. The EUTR came into effect in 2013 to stop the c i rc u l at i on of i l l e g a l ly logged wood in the EU.
The legislation prohibits placing illegally harvested timber and timber products on the EU market. It affects all those that first place timber on the EU market as well as traders further down the supply chain. “Business es ne e d to consider the possible changing tariffs, exchange rate f luctuations and customs charges in the
future and other current regulations and standards influenced by the EU, which may now be renegotiated,” advised the GTF. During the two-year ne got i at i ng p e r i o d for withdrawal, all EU laws would still apply to the UK. “The UK would continue to participate in other EU business as normal,” it said. (PhilExport)
PPA issues guidelines on verified gross mass PHILIPPINE port authorities have published rules that will implement the International Convention for the Safety of Life at Sea (SOLAS) mandatory requirement for submission of the verified gross mass (VGM). St ar t ing Ju ly 1, t he am e n d m e nt to S OL A S Chapter IV, Part A, Regulation 2 requires a shipper to verify and indicate to the carrier or port operator the VGM of a packed container before it is loaded onto the vessel. No container will be loaded onto a vessel without a VGM. The Philippine Ports Authority (PPA), which has jurisdiction over majority of the country’s ports, published on June 16 Administrative Order (AO) 04-2016 containing the supplemental polic y on mandator y weighing of containers and roll-on/roll (RoRo) vehicles. The guidelines take effect 15 calendar days af ter
publication or on July 1. Cebu Port Authority (CPA), which oversees all ports in the province of Cebu, also released its own guidelines under AO No. 012016 dated June 10, effective July 1. Issuing its own set of rules soon are Subic Bay Metropolitan Authority (SBMA), which has jurisdiction over Subic port, and Phividec Industrial Authority (PIA), overseer of the Mindanao Container Te r m i na l i n Tagol o an , Misamis Oriental. Under PPA’s AO 04-2016, PPA affirmed all weighbridge operators-terminal operators, cargo handling operators, and independent weighbridge operators-inside the port are the official sources of information for the VGM of packed containers. PPA described a packed container as a container loaded, stuffed, or filled
with liquids, gases, solids, packages and cargo items, including packets, dunnage, and other packing and securing materials. Classified as containers are tank containers, flat racks, bulk containers, and others, PPA said. It defined gross mass as the combined mass of a container’s tare weight and the weight of all the packages and cargo items, including pallets, dunnage, and other packing and securing materials packed into the container. In view of the SOLAS policy, PPA said all authorized weighbridge operators shall weigh each packed and sealed container individually regardless of size, whether full container load (FCL) or less than container load (LCL), and regardless of the number of shippers with shipments loaded inside the container.
“The terminal operator sha l l supply t he VG M information for each container to the carrier via EDI (electronic data i nt e r c h a n g e ) o r o t h e r electronic means,” PPA said. If more than one container is mounted on a chassis, for example two 20-footers, each container shall be weighed separately, the authority noted. All transhipped containers, particularly in view of Republic Act No. 10668 or the Foreign Ships Co-loading Act, shall not require any further weighing after the first port of origin or loading, unless the container had been stripped or restuffed. If a transhipped container exits a port and is transported to another port (e.g. North Harbor to MICT or South Harbor), it shall be weighed again, PPA said. ppa/PAGE 9
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 • 0947-8935776
wednesday|JUly 6, 2016
3
CEB launches 3 more routes to boost the Visayas Region Offers Php599 all in Introductory seat sale
The Philippines’ leading airline, Cebu Pacific (PSE: CEB), further strengthens its presence in the Eastern and Western Visayas regions with the launch of three more routes. Starting November 19, 2016, CEB will launch daily flights between Cebu and Ormoc and Cebu and Roxas; and four times weekly (Tuesday, Thursday, Saturday and Sunday) between Cebu and Calbayog using ATR 72-500 aircraft. “Cebu Pacific remains steadfast in providing the best connectivity options for passengers at lowest fare in the market. With the additional routes in and out of Cebu, the Queen City of the South, more guests can travel and visit scenic spots in the Visayas region. We will continue to expand our reach that will cater to our valued guests and boost trade and tourism agendas in the destinations that we operate in”, says Atty. JR Mantaring, CEB Vice President for Corporate Affairs. CEB holds an introductory Php599 all-in seat sale for these
new routes from July 5-7, 2016 or until seats last. The travel period is from November 19, 2016 until March 31, 2017. The lowest all-in year-round fare, one-way for Cebu to Calbayog is Php1927, Cebu to Ormoc is Php 1591 and Cebu to Roxas is Php 1983. In 2015, over 4.4 million passengers were flown to and from Cebu. Cebu routes cover about 24.5% of CEB’s seat capacity for 2015. With the addition of the three new routes, CEB has now 25 domestic routes in Cebu which will cater to the ever-increasing travel demand. Aside from Cebu, CEB also operates flights out of five other strategically placed hubs in the Philippines: Manila, Davao, Clark, Kalibo, and Iloilo. The airline’s extensive network covers over 90 routes and 64 destinations, spanning Asia, Australia, the Middle East, and USA. CEB’s 57-strong fleet is comprised of 7 Airbus A319, 36 Airbus A320, 6 Airbus A330, and 8 ATR 72-500 aircraft. Between 2016 and 2021, CEB expects delivery
of two more brand-new Airbus A320, 30 Airbus A321neo, and 16 ATR 72600 aircraft. For bookings and
inquiries, guests can visit www.cebupacificair.com or call the reservation hotlines (+632)7020888 or (+6332)230-
8888. The latest seat sales can be found on CEB’s official Twitter (@CebuPacificAir) and Facebook pages.
Guests may also download the Cebu Pacific official mobile app on the App Store and Google Play.
BusinessWeek MINDANAO
4
Opinion
2013 ppi’S Best in Business and Economic Reporting 2014 ppi’S Best in ENVIRONMENTAL Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
wednesday|JUly 6, 2016
BusinessWeek MINDANAO
YOUR LOCAL ONLINE BUSINESS PAPER
www.businessweekmindanao.com
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
Expect the Best Think a minute…A famous professor from Har vard University did a study in a primary school. At the beginning of the school year the teachers were given the names of 5 children. The teachers were told that these 5 were the best students in the class. But the fact was that these students were only average. Well, guess what? By the end of the year all 5 average students scored among the highest in the class. They even gained 1530 I.Q. points! So what made those average students change so much to become top students? The only difference was the change in the teachers’ attitudes. Since the teachers believed that these 5 kids were the top students, they expected more from them and treated them with more respect. So these 5 average students began to believe and expect more from themselves, just by the way the teachers viewed and treated them. You know, if you expect the best from people, they’ll usually want to give you their best. A great leader said: “Treat a person just how he appears to be on the outside, and you’ll make him even worse. But treat a person like he’s already a success,
THINK
A Minute
Jhan Tiafau Hurst and you’ll help make him the best he can be.” It reminds me of the true story of 7-year-old Johnny. His school teacher got so tired of him one day she said: “Johnny, you’re the naughtiest boy in this class! Besides that, you’re the dumbest!” The next year Johnny had a different teacher. After the first day of class, his new teacher met with him. She said: “Johnny, I’ve heard a lot about you!” Then she smiled and said to him: “But I don’t believe a word of it!” From the beginning, Johnny’s new teacher treated him as if he was one of the smartest, best behaved students. Well, you guessed it. After just a few months, Johnny became one of the top students in that class. Later on he was made hurst/PAGE 9
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
Restore European Trust! Bye-bye, UK. We’re leaving ... .The s e cond-big gest mobile telephone company in the world is considering the possibility of moving its headquarters out of the UK following the Brexit. Should Vodafone decide to relocate, Düsseldorf in Germany could emerge as a top contender to host the head office. Vodafone already has a presence in the German city, where it employs about 5,000 people. Moreover, Germany is the company’s largest market. Restore EU trust with pragmatism, urges Germany’s Finance Minister Wolfgang Schäuble. And he is very right. Europe needs fast and pragmatic moves to demonstrate a strong EU to citizens stunned by t h e B re x it . In d e e d , governments might need to override a sluggish Brussels. S chäuble, Germany’s finance minister and longtime advocate of a “deeper” EU, has urged Europe’s governments to quickly tackle and solve “several central problems” to restore trust among its 508-million population. Also Chancellor Angela Merkel’s conservative ally told newspaper “Welt am Sonntag” (WamS) on last Sunday that it was not the time for visions or treaty reforms. Yes, “pragmatic” efficacy mu s t b e d e m on s t r at e d
by the remaining 27 governments - assuming Britain formally exited the bloc. How ab out a shift t o i n t e r- g o v e r n m e n t a l precept? “If from the outset not all of the 27 pull their weight, then start with a few less,” Schauble commented. “And, if the [European] Commission does not act jointly, then we’ll take the matter into our hands and just solve the problems between governments.” “This intergovernmental approach proved itself during the Eu r o c r i s i s ,” S c h äu b l e added, mentioning E u r o p e’s a s y l u m a n d migration policies as issues to which EU citizens wanted answers. Europe’s member states each needed to clarify what they could do at national level, and “what we can’t do ourselves must be done at European level,” he said. Carrying on as usual was untenable amid “growing demagogy and deeper Euro skepticism,” he added. Ye s , t h e “E U Bre x it summit” clos ed with c o nt i nu e d u n c e r t a i nt y about future. One example among many: the Greece Central Bank reports ‘brain drain’ of 427,000 young, educated Greeks since 2008. L e t’s b e hone st , t he question of whether the European Parliament should get the deciding
rol e or not is not one that especially moves the public. I stronly agree with Schäuble, who was one of the architects of German reunification in the early 1990s. Schäuble told also that Europe’s current priority should be to prevent “wildfire” disintegration and to avoid “the usual r h e t o r i c ,” a d d i n g t h at dumping EU treaties was n o i m m e d i at e a n s w e r. “We have to stay serious,” he said, insisting that it was not the moment to concentrate on reform of EU institutions. Asked whether Luxembourg’s Jean-Claude Juncker was the right person as current president of the Europ ean C ommission, Schäuble replied, “I pushed for Juncker.” “A personnel debate doesn’t get us any further. The Brexit decision must be a wake-up call for Europe,” the cabinet veteran said. “That’s what it’s about,” the 73-year-old, who in the 1980s was exChancellor Helmut Kohl’s chief of staff. In her we ek ly vide o podcast on last Saturday, German Chancellor Angela Merkel said Europ e shou ld b e come t h e m o s t “c omp e t i t i v e and knowledge-based continent in the world.” Also on Saturday, Economy Minister and SPD (social demoratic perty) leader
H ave M y Say
Klaus Doring
Sigmar Gabriel said Europe must shift its emphasis to a “growth pact” based on investment programs and “active” policies to boost its labor market. Why is being a competitive and knowledgebased continent Europe a l s o i mp or t ant for t he Philippines? I learned from the German Ambassador to the Philippines, His excellency Thomas Oss owski, that t h e m e a nw h i l e f r o z e n diplomatic relations b e t w e e n G e r m a ny a n d the Philippines should be restored as well as soon possible - as being discussed in a 40-minutes talk with President-elect Rodrigo Duterte. +++ Email: dor ing klau s@ gmail.com or follow me in Facebook or Twitter or visit www.germanexpatinthephilippines.blogspot.com or www.klausdoringsclassicalmusic.blogsport.com .
Media noticed mistake, but Palace lawyers did not LIFE’S INSPIRATIONS: “… In a short time---just a little more than a year--you careless ones will suddenly begin to care. For your fruit crops will fail, and the harvest will never take place…” (Isaiah 32:10, the Holy Bible). -ooo FAUX PASS IN FIRST DUTERTE ORDER? So, what should we make of the first ever executive order issued by the Duterte government on June 30, 2016 which purports to “reengineer the Office of the President” by placing several existing agencies under the supervision of the Cabinet Secretary? Are we to consider it null and void and without any force and effect whatsoever, in the sense that what was stated therein as the legal basis for the “reengineering” of the Office of the President, which is “Section VII of the 1987 Philippine Constitution”, could not truly be considered as a legal basis since there is technically no “Section VII” in the Constitution? Or, are we to consider it an honest-to-goodness mistake which was made possible only by the hustle and bustle and the giddiness of a government that had just been installed, aggravated by the fumbling
and bungling of its new officials, in the manner that novices would fumble and bungle, and should therefore spare that executive order from nullification? -ooo MISTAKE IN EXECUTIVE ORDER WENT UNDETECTED: Whatever, many Filipinos are startled to see that this kind of a legal blunder could even happen, in a government that is now headed by a president who has been a lawyer all his life, and who is aided by numerous assistants who rose to prominence in the legal profession during the prime of their careers. The question is now being asked: if such an egregious error could be committed in the very first executive order of the new government, the issuance of which was even much anticipated, and on a matter as simple as consolidating supervision over several government agencies under the Cabinet Secretary, what then can we expect when more important issues are at stake? Many have tried minimizing the impact of the error in the phraseology t h at w a s u s e d i n t h at executive order by saying it was a mere trivial mistake, but even these people could
not deny that irresponsible carelessness attended the drafting and the signing thereof, even by President Duterte himself, who appeared unable to detect the error before affixing his signature therein. -ooo M E D IA N O T I C E D, BUT PALACE LAWYERS DID NOT: What was more embarassing here was that, it took a newsman who is not lawyer, Mr. Vic Somintac (the Malacanang reporter of radio station DZEC, 1062 kHz, and my co-anchor in the Mondays to Fridays, 6 am, program “Tambalang Batas at Somintac”), to p oint out t he mist a ke, during the first-ever press conference in Malacanang of Presidential Spokesman Ernie Abella that was then being aired on national television. Somintac told me that when the members of the Malacanang Press Corps received a copy of Executive Order No. 1 before the press con, almost all of them noticed right away the legal infirmity at its sixth “Whereas” clause, which mentioned “Section VII of the 1987 Philippine Constitution,” when, as we said earlier, there is no such “Section VII” of the Constitution. Unable to bring this
K akampi
Mo A ng Batas
Atty. Batas Mauricio infirmity to Abella before he faced the media, the Malacanang Press Corps decided to send Somintac as their representative to secure a clarification. Abella subsequently promised to look into the matter, but the cat has been let out the bag, so to speak: President Duterte was made to sign an order that did not reflect the accurate legal basis! Wow! -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.
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
CorporateWorld
Globe establishes office in Tokyo, refocuses European operations
G
LOBE TELECOM, Inc . on Monday said it is expanding operations in Japan, while at the same time closing its offices in three European countries. In a statement, Globe said it is establishing a new unit, GlobeTel Japan, Inc., which is expected to cater to both customers in the Philippines and the 180,000-strong community of overseas Filipinos in Japan. “We will continue to provide affordable and highquality telecom services to our kababayans in Japan. We will also be adopting new business models to deliver meaningful products to overseas Filipinos,” Globe Senior Vice-President for Inte r n at i on a l Bu s i n e s s Nikko Acosta was quoted as saying.
Meanwhile, Globe said it is closing offices in the United Kingdom, Italy and Spain, citing the “changing competitive landscape in Europe.” These offices are UK Globetel Limited and Globe Mobile Italy s.r.l., which both opened in 2013, and Gl ob e tel Inte r na c i ona l European Espana S.L., which began operations in 2014. However, Globe said it will continue offering customers its Duo International service in the three countries through existing partnerships with telecommunications providers. Duo International is a s u b s c r ipt i on s e r v i c e t h at a s s i g n s a v i r t u a l international number to a registered Globe prepaid, postpaid or TM mobile
number, allowing overseas Filipinos to call the assigned number at domestic rates. The Ayala-led telco said it will be retaining offices in the United States, Singapore and Hong Kong. It will also continue to have retailers in Saudi Arabia and United Arab Emirates. The popularity of Internet-based applications, such as Viber, Skype and Line, has affected voice and messaging revenues of tel e com mu n ic at ions companies around the world. In t he f i rst qu ar te r of 2016, Globe reported international long-distance voice revenues from its m o bi l e a n d f i x e d l i n e businesses fell 5% yearon-year to P2.31 billion. This was attributed “to the migration of international traffic through alternative
channels that make use of Internet-based applications (Viber, Skype, Line, Yahoo, etc.).” Globe saw a 3% increase in net income to P4.3 billion in the first three months of 2016, as strong data consumption offset the decline in traditional mobile voice and SMS revenues. Mobile voice revenues, which make up 35% of total mobile service revenues, fell 11% to P8.1 billion, while mobile SMS dropped 15% to P5.8 billion in the three-month period, due to the increasing usage of Internet-based voice and messaging apps. O n t he ot he r hand, mobile data revenues, which account for 40% of the total mobile service revenues, surged 62% to P9.1 billion in January to March.
Megaworld subsidiary GERI to spend additional P5B on hotels TOU R I SM and l e isu re township developer GlobalEstate Resorts, Inc. (GERI), a subsidiary brand of property giant Megaworld, will spend an additional P5 billion to complete four hotels in the next three years. Three of these hotels are located within Boracay Newcoast, a 150-hectare integrated tourism and leisure township in Boracay Island, while the other one will be in Twin Lakes, a 1,200-hectare development near Tagaytay City. These include Savoy
Hotel Boracay, which will be completed by year-end; B elmont Hotel B oracay to be completed in 2018; Chancellor Hotel Boracay to be completed in 2019; and Twin Lakes Hotel in Tagaytay to be completed next year. Megaworld senior vice president Jericho Go said the P5 billion is part of the P10 billion earmarked for the construction of five hotels, which will offer a total of 1,850 rooms including multilevel retail spaces. The Fair ways and Bluewater hotel, also located
in Boracay Newcoast, has been completed and now fully-operational. The company is supporting the growth of the country’s tourism industry and banking on the new administration’s thrust to accelerate spending on infrastructure and towards decentralization. “Since GERI is primarily focused on tourism ventures, we are committing our efforts, as part of nation building, to create more hotel rooms to be able to accommodate the potential influx of tourists,” said Go.
GERI president Monica Salomon said “with our new hotels, we hope to accommodate at least 700,000 tourists yearly in Boracay and Tagaytay.” With the completion of five hotels, the company h op e s t o i n c re a s e t h e contribution of its hotel business unit to its total revenues from five percent to double-digit growth. In 2015, real estate sales contributed 83 percent to its total revenues; finances, 8 percent; services, 2 percent; and rental sales, 1 percent.
2016 Int’l Travelfest slated this month IDEAL tour destinations, both domestic and foreign, will be showcased anew this year when the 3rd International Travel Festival (ITF) reels off on July 15-17 at the Ayala Center Cebu. With the theme: “Don’t Dream, Just Go” and organized by MyEventology, the three-day 2016 ITF brings together over 50 exhibitors including national tour operators, airlines, hotels, resorts, travel agents, financial institutions, and insurance agents. The ITF was initially staged in 2014 and has attracted thousands
of visitors as well as gained positive sales results for the exhibitors. In the 2014 ITF, exhibitors earned a whooping P12 million from credit card sales, while the footcount reached about 270,000, according to Ayala Center Cebu’s matrix. The regional tourism show eventually became a genuine meeting point for tourism stakeholders and consumers as it duplicated its inaugural success in the 2nd ITF last year. “We are happy to note
that our visitor rate has grown steadily and that we have provided positive results to our participating exhibitors,” said Stephanie Villahermosa, ITF project director. “It’s really gratifying for us knowing that the show has not only generated sales for the exhibitors, but has likewise enabled them to reinforce their relationship proximity with their clients,” Villahermosa added. Event organizers will also hold the 2nd Cebu Travel Exchange as a precursor to the 3rd ITF on
OFFICE OF THE MUNICIPAL CIVIL REGISTRAR
Office of the Municipal Civil Registrar
Publication Notice RA 10172
NOTICE OF PUBLICATION
NOTICE TO THE PUBLIC
Any person adversely affected by said petition may file his written opposition within this office not later than June, 2016. BWM: June 29 & July 6, 2016
July 14 at Radisson Blu Cebu. The Cebu Travel Exchange (CTX) is a business-to-business session among ITF exhibitors from the airline industry, hotels, resorts, and travel agencies. According to Villahermosa, the 2nd CTX promises to be much bigger affair as prospective international buyers from the different ASEAN countries, India, and the Middle East will be in attendance this year. The one-day CTX session will be held at the Nina Ballrooms of Radisson Blu.
Republic of the Philippines Region X Province of Lanao del Norte Municipality of Kapatagan
Republic of the Philippines Province of Misamis Oriental Municipality of Naawan
In compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-01, Guidelines in the Implementation of the Administrative Order No. 2013-01, Guidelines in the Implementation of the Administrative Order No. l, Series of 2013 (IRR of RA 10172), Notice is hereby served to the PUBLIC that PRAXEDES M. SUMAYLODACOCO has filed with this Office a petition for correction in the entry of sex from “MALE” to “FEMALE” in the Certificate of Live Birth of PRAXEDES M. SUMAYLO-DACOCO who was born on July 21, 1965 at Tabalong, Dauis, Bohol and whose parents are ALEJANDRO A. SUMAYLO and SEMEONA R. MAGHUYOP.
(Sgd.) MARLON S. DACOCO Municipal Civil Registrar
BusinessWeek MINDANAO
In compliance with section 5 of R.A. 9048, a notice is hereby served to the public that Maryjane Palahang has filed with this office a petition for change of Name from Marycen Palajang to Maryjane Palahang in the birth certificate of Maryjane Palahang who was born on September 10, 1973 at Kapatagan, Lanao del Norte and whose parents are Leopoldo Palahang and Juana Gomez. Any person adversely affected by said petition may file his written opposition with this Office not later 15 days. BWM: June 29 & July 6, 2016
(Sgd.) IVY REYES TONGCO Municipal Civil Registrar
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
5
2014 ppi’S Best in ENVIRONMENTAL Reporting
wednesday|JUly 6, 2016
RESORTS, HOTEL & RESTAURANTS DIRECTORIES
A PUBLIC SERVICE BY:
BusinessWeek MINDANAO Best in Business and Economic Reporting
Philippine Press Institute Civic Journalism Community Press Awards 2013
Algen’s Dive Resort (088) 3872015 Apple Tree Resort & Hotel 735411 / 754525 Fax: 754497 0917-7144040 / 0923-3269366 / 0939-9076948 Bahay Bakasyunan sa Camiguin (088) 3871057 / 3870131 Fax: 3870278 Basamanggas Resort 08822-760564 Fax: 760565
Philtown Hotel 726295 / 8564402 Fax: 723104 Pryce Plaza Hotel 8583131 Fax: 726687 Prawn House (088) 3095992 Fax: 8519219 Ridge View Chalet 8588946 / 8587946 Fax: 8588946 Seda Centrio Hotel 32288888 Southwinds Hotel 724803 / 8562036 Fax: 8562036
Cagayan Riverview Inn 8584245 / 729039 Fax: 8584245
Stargate Dream Vacation Resort 8515003 / 8509999
Casa Crystalla 8561704 / 722465 Fax: 722480
The VIP Hotel 726080 / 8562505 Fax: 726441
Casa Isabella (088) 8564065 Casa Azucena 8563402 / 09236593973 Chali Beach Resort 732840 / 8552108 Fax: 8555941
RED PLANET 8800888/8801306
Chananthon Bed & Breakfast 8568189 / 3093095
Villa Paraiso Apartelle 3870419 Fax: 3870429
Country Village Hotel 8583004-06 Fax: 8583006
HONORARY MEMBERS: Dept. of Tourism 723696/726394 / 8564048 Fax: 723696 RESTAURANTS: Bigby’s Café 72-1071/857-5511/8575836 Fax: 711843
D’Budgetel 8564200/726643 Fax: 8564300 Dahilayan Forest Park 8568562 to 63 De Luxe Hotel 8572144 / 724548 Fax: 724563 Discovery Hotel 727814 / 8563896 Fax: 8563897 Duka Bay Resort (088) 3312290 Fax: 725265 Dynasty Court Hotel 8574802 Fax: 857900 Grand City Hotel 8571900 / 728469 Fax: 723718 Hotel Conchita 8563856 / 727355 Fax: 8563857 Hotel Koresco 8589749-50 Fax: 8589748 Hotel Sogo 8520383 Kingston Lodge 8585696 Fax: 8585696
Travelers Pod 8518988 Uptown Condotel 8511800
Café Laguna 8582999 Fax: 8567001 DM Villaruy Restaurant 733790 Golden Ajirang I 856-5271 Fax: 727876 Grand Caprice Restaurant 72-6955/856-2302 Fax: 72-4986 Kagay-anon Restaurant 728958 / 8563688 Fax: 8563843 / 729003 La Ilongga Restaurant 72-6183 / 857-3652 Fax: 72-4605 Missy Bon Bon 8566852 / 09228606442 Fax: 8566852
Mapawa Natures Park 8584402 Fax: 725265
SLERS Ham & Café 8551438
Mallberry Suites 8541999 / 7249999 Fax: 8544999
Thai Me Up 738424/3108424 Fax: 738424
Maxandrea Hotel 8572244/729943 Fax: 724090
Barkadahan Grill 8551234
Miami Inn 8581901 to 02 Fax: 725279/728486
La Tegola Cucina Italiana 8585959
N Hotel (088) 8801924 Paras Beach Resort 8568563 Fax: 8568563
limketkai luxe hotel 8800000 Dear manok 8564914 / 8573413
BusinessWeek MINDANAO
6
CivicAction
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
wednesday|JUly 6, 2016
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776 Editor: Cheng Ordoñez
OCD 10 leads disaster consciousness celeb
C
AGAYAN DE ORO CITY – The Regional Disaster Risk Reduction and Management Council (RDRRMC) Region 10, chaired by the Office of Civil Defense (OCD) Regional Director Ana C. Cañeda, and Xavier University – Ateneo de Cagayan (XU) Academic Vice President Rev. Fr. Rene C. Tacastacas, SJ led the ribbon cutting and opening for the month-long observance of National Disaster Consciousness Month (NDCM), July 1. The celebration commenced with a brief ceremony at Magis Walkway of XU, Cagayan de Oro. This year’s NDCM observance is anchored on the theme “Kahandaan at Pagtugon sa Sakuna, Tungkulin ng Bawat Isa (Readiness and response
to crisis: Everybody’s Duty).” In the press conference, the media zeroed in on additional programs the agencies planned to undertake in light of the new administration of President Rodrigo Duterte, with the panel of discussants from the OCD, Department of Science and Technology (DOST), Department of Interior and Local Government (DILG), Department of Social Welfare and Development (DSWD), National Economic and Development Authority (NEDA), and XU Engineering Resource Center (ERC). The kick-off was highlighted by the static display of response assets and equipment, exhibits on the four DRRM thematic areas and bloodletting, with personnel of
partner agencies—Cagayan de Oro CDRRMC, Bureau of Fire Protection (BFP), Philippine Coast Guard (PCG), DOST, Philippine Information Agency (PIA), Department of Health (DOH), DILG, NEDA, 4th Infantry Division (4ID) Philippine Army, XU, Philippine National Police (PNP), Philippine Red Cross (PRC), 52nd Engineering Brigade, Mines and Geosciences Bureau (MGB), ACRC (Radio Group), National Housing Authority (NHA), Department of Trade and Industry (DTI) and weather bureau PAGASA. Meanwhile, the IEC campaign and media blitz maximized the community awareness-raising especially among the students that came from various schools and colleges in the city appreciating the
programs, projects and activities on disaster risk reduction (DRR) by the council members, local DRRMCs and partner institutions in northern Mindanao. National Disaster Consciousness Month is held every month of July to increase awareness of every Filipino to the threats of disaster and for a better appreciation of the government’s disaster preparedness program, pursuant to the Executive Order No. 137, s. 1999. Cañeda says the significance of this NDCM being the first official working day of the newly-installed government officials and heads of agencies in the new administration, and taking from the marching order of President Duterte at the first cabinet meeting the previous day
DOLE-NRCO awards livelihood starter kits to OFW-returnees CAGAYAN DE ORO CITY -The Department of Labor and Employment, Regional Office No. 10 (DOLE-10), thru its National Reintegration Center for OFWs (NRCO) awarded various Livelihood Starter Kits to three undocumented Pinay OFW returnees recently at the DOLE-10 Worker’s Organization Development Program (WODP) Training Center Cagayan de Oro City. DOLE-10 Regional Direc tor R aymundo G. Agravante awarded P10,000 each OFW returnees worth of starter kits as start-up business projects. Director Agravante said that the NRCO’s Livelihood Development Assistance P r o g r a m ( L DA P ) w a s established in 2011 through the Administrative Order No. 77 Series of 2011and aims to provide grants for livelihood assistance to returning OFWs. Agravante said, “Formerly known as the 10K Livelihood Assistance Program, the Livelihood Development Assistance Program (LDAP) has been reformulated in 2014 to cater to undocumented OFWs.” From the reports from CY 2011 to 2014, Agravante
DOLE starter kits to OFW returnees
has accounted that LDAP has reached more than 15,000 beneficiaries, nationwide, and has provided livelihood projects such as sari-sari stores, beauty parlor, rice trading, machine shop, furniture making, among others. Nimfa Amora, a resident of Manolo Fortich, Bukidnon, used to work as a household worker in Dubai, was a victim of misfortune events and
padlocked twice by her former employer. She found hope when she was granted by DOLE-10 various goods for a Sari-Sari Store. “Umu w i p o a ko n g walang-wala at baon pa sa utang. Akala ko wala na akong pag-asang makakita n g m ap a g k a k it a an ko. Maraming-maraming salamat po sa DOLE-NRCO at dahil sa ibinigay nila na Sari-Sari store ay maipagpapatuloy ko na
ang aking paghahanapbuhay (I came home with no money and in debt. I thought I could not have any source of income anymore. I am so thankful to DOLE-NRCO for giving me a Sari-Sari store so I can continue with my livelihood.),” Amora relayed. Likewise, Charalyn Tolentino, also a household worker from Dubai, though did not have any kits/PAGE 9
that emphasized the importance of operational readiness in the prepositioning of assets for immediate response to emergencies especially in the expected water-induced incidents during this La Niña period. Further, she rallied all-of-nation and whole-of-society efforts at empowering communities at the household level in crucial decision making and cooperation with local officials in protecting their families, towards developing the culture of safety among each of us to the collective goal of zero casualty in any incidents. Cañeda reiterates her call on member agencies and stakeholders for cooperation and support to government DRRM programs. (Titus M. Velez/OCD10)
City exec to strengthen security, peace in Gingoog GINGOOG CITY – Gingoog city government shares the agenda of the new national administration’s fight against crimes, illegal drug trade and corruption. Unceasing in this fight, the city has made 78 arrests in various drug raids and buy bust operations. “We have put more police on the streets and more soldiers in our city to keep the peace. Now, we have renewed hope that we will go even stronger—further strengthen our peace and order campaign, to build on what we have begun,” Mayor Marie Guingona said
in her speech during the city’s inauguration and oath taking ceremonies of elected officials held at the Arturo Lugod Gymnasium, July 1. She also said that her administration will also pursue the Operation TukHang (Tuktok-Hangyo) and it will not exempt anyone who does illegal activities. “Tuktoka ang ilang mga balay ug hangyoa sila na maghunong sa dautang binuhatan. And that goes for all – walay kamag-anak, walang kaibigan, walay pabor-pabor, labi na sa mga opisyales (Knock their houses security/PAGE 8
La Niña preparations underway for NorMin CAGAYAN DE ORO CITY – Department of Interior and Local Government in northern Mindanao has convened member agencies of the Disaster Preparedness Committee to carr y out measures on the impending threat of La Niña in the coming months. T h e l at e s t a d v i s or y from the Philippine Atmospheric, Geophysical,
and Astronomical Services Administration (PAGASA) reports the El Niño as we a ke n i ng and “ i n it s decaying stage,” and the development of La Niña within the second half of 2016 (August 2016 to February 2017). DILG Regional Director Arnel M. Agabe says we don’t want to be caught off preparations/PAGE 8
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
BusinessWeek MINDANAO
Banking&Finance
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
7
2014 ppi’S Best in ENVIRONMENTAL Reporting
wednesday|JUly 6, 2016
OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY
A PUBLIC SERVICE BY:
Criminology board April 2016 topnotchers Lanelyn Nangcas (third from left) and Jaypee Cellar (second from right) are awarded cash by their alma mater COC-Phinma during recognition rites. PHOTO BY MARK FRANCISCO
Banks’ real estate exposure up
L
OCAL BANKS hiked their exposure to the v o l at i l e prop e r t y sector by more than a fifth during the first quarter as both home buyers and developers secured more loans from a year ago, central bank data showed. The total real estate e x p o su re of u n ive rs a l, commercial, and thrift banks hit P1.554 trillion as of endMarch, rising by 22.1% from the P1.273 trillion posted a year ago on the back of higher property loans and investments poured in by households and property firms, according to the Bangko Sentral ng Pilipinas (BSP). Bulk of the total exposure went to real estate loans at P1.331 trillion, 21.8%
higher than the P1.093 trillion posted during the first quarter of 2015. This was led by a 27.8% increase in lending for commercial space to P869.008 billion. Meanwhile, home loans hit P462.396 billion for the first three months, up by 11.9% from last year’s P 4 1 3 . 2 1 2 bi l l i on , d at a showed. The higher credit extended by banks drove a higher share of real property loans to 20.79% of banks’ total loan portfolio, coming from 19.54% posted at endMarch 2015. Despite the higher real property debts granted by banks, the share of bad loans went down to just 2.13%, improving from a 2.57% ratio recorded a year ago as the
amount of non-performing credit -- or those which stood unsettled at least 30 days past due date -- stood barely unchanged at P28.388 billion. In comp ar is on, re a l estate investments rose by nearly a fourth to P222.563 billion from P180.111 billion previously, with marked increases in debt securities at P138.362 billion and equity investments worth P84.2 billion. The central bank has been closely monitoring on the property market since the 1997 Asian financial and the 2008 global economic crises. Last month, the central bank said results of its first residential real estate property index showed that
local housing sector is far from seeing an asset bubble, as the industr y remains “ v i b r a nt” w i t h s t r o n g demand -- rather than an oversupply -- driving the increase in property prices. The index, which is now used by the BSP in tracking asset prices nationwide, showed an overall rise in housing costs at 9.2% from January to March from the comparable year-ago period. Costs to acquire homes rose slightly faster within Metro Manila at 9.7%, against a 9.4% annualized increase seen among units in areas outside the National Capital Region. Ho u s i n g p r i c e s , a s monitored by the central bank, are seen to be a measure of financial soundness.
Banks saw unprecedented step up in market supervision around United Kingdom vote LONDON - Central banks raised oversight of currency markets to an unprecedented degree around Britain’s shock vote to leave the European Union, demanding detailed updates from major trading desks every six hours throughout last week, industry sources said on Monday. One senior banker with a major global bank said t he c a l ls, ne ver b efore c on du c te d a s of te n or consistently, had been seen as a sign that officials were worried an “Out” vote could trigger the sort of financial sector problems not seen since the collapse of Lehman Brothers in 2008. The US Federal Reserve, the Bank of England and the European Central Bank all declined to comment on the calls, their conduct, content and aims. But some officials pointed to a general promise by the Bank of England and others to increase supervision of markets around the vote and said the calls were chiefly
evidence of greater - and so far successful - coordination of regulatory efforts by the world’s big central banks. The BoE said ahead of the vote it could ask banks for daily checks on their funding levels if need be. It has also become the norm for the ECB to check more regularly in times of stress with banks about short-term liquidity or the situation in currency or derivatives markets. “These calls have been going on. They are reflective, I think, of a more systematic and modern approach from the regulators,” said one industry source. “If t he y ma ke t hes e things regular and keep to a proforma then it is easier to compare notes with other central banks on what is happening. You can infer also that there is an awful lot more conference calling going on between the central banks.” A second source, the senior banker, said he had been present on a handful
of the calls to his bank, held consistently every six hours during major market business hours since the vote on June 23. “There are all sorts of regulators present on these calls,” he said. “Typically they want to know about liquidity volumes, they want to know of any clients in stress, any margin calls, certain points in the market that may be of stress.” “I assume they are holding them with other banks too.” He said in his experience of the FX market stretching back to the 1990s, regulators had never taken such action. While central banks were deeply involved with the plumbing of the banking sector in the worst moments of the 2008 crisis, currency and other major over-thecounter markets have not demanded that level of super vision in the past decade. “Classically, we would get this kind of call every so often from one individual
in the markets section of the central bank and he would go away and write up a report on the conversation and it would get passed up the line,” the senior banker said. “ They want to know a g ranu l ar it y of w hat’s happening that we have not seen before. It shows the sensitivity and the interest to not have a Lehman-type event.” Intervention There was much speculation ahead of the vote that the Bank of England mig ht have to step in, potentially with the support, direct or otherwise, of other central banks, to provide a bid in the market that would steady sterling as it fell. In the event, only the Swiss National Bank has said it intervened directly in currency markets to oppose more gains for the franc, while the BoE has confirmed it did not, even as sterling dived almost 18 cents against the dollar on June 24. market/PAGE 9
AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274
METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057
ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893
METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162
BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075
METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721
BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637
METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924
BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796
METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731
BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405
METRO BANK- GAISANO 8561720
BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN
CM Recto Ave. Lapasan, Cdoc, 8563991/727731
BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819
PBCOM Tiano-HayesSt. Cdoc | 726519/8571558 PLANTERS DEVELOPMENT BANK
Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723
PNB- LKK MALL NORTH CONCOURSE
LKK Mall N.Concourse Cdoc 8574149/8575682
PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.
#58 Tiano FernandezSt.CDO 727215/ 8563552 *805
SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774 SECURITY BANK- LKK Limketkai | 8801258/8801625
EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081
SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632
EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331
STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168
ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415
UCPB BANK- LAPASAN Osmeña Corner Lkk Drive, Cdoc 85771842/ 725135 UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527 UCPB BANK SAVINGS-CAPISTRANO
Capistrano Corner CruzTaal St. CDO 8524099/722695
UCPB BANK SAVINGS- OPOL Gf forever Books Bldg.Bulua National CDO 754519/8588063 UNION BANK Lapasan Cm.Recto Cdoc | 8566847/8563805 WEALTHBANK Velez Gomez St. Cdoc | 8568942/722174 1ST VALLEY BANK Vamenta Blvd. CornerLirio St. Carmen, Cdoc 8501871/ 8584146 OROBANKERS CLUB Inc. Pnb Carmen | 09151850242
BusinessWeek MINDANAO
8
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
wednesday|JUly 6, 2016
27 Bukidnon folk receive livelihood assistance from Pilmico Valencia, Bukidnon — Pilmico, the food subsidiary of Aboitiz Equity Ventures Inc., continues to champion backyard farming and sustainable livelihoods in the country through its donation of piglets, egg machines and bakery kits here. Over 500 people from Bukidnon and nearby provinces witnessed the turn over ceremony of livelihood packages – piglets, egg machines and bakery kits - to 27 beneficiaries during Pilmico’s Mahalin Pagkaing Atin Food and Livelhood Expo held at TS MIX SMS Gymnasium Sayre Highway. Hagkol, Valencia, Bukidnon on 28 June 2016. The food and livelihood expo
was also attended by Mahalin Pagkaing Atin Ambassador, Chef Boy Logro and Jefferson Abian – Assistant Vice President for Feed Sales – for Visayas and Mindanao, among others. The livelihood assistance, which consists of 30 piglets (each with one-cycle feed consumption), 10 egg machines (48-chicken set each with one month feed consumption) and 2 bakery starter kits (1-deck 4-tray bread oven, bread rack, working table, a delivery bike and 10 bags of flour), will enable local farmers to sustain their livelihoods through an easy-to-manage business with a quick return on investment, despite the threats of poverty,
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 37 Cagayan de Oro City IN THE MATTER OF THE ADOPTION FC SP. PROC. CASE NO. 2016-021 OF MINOR LOURYN MAE CAGO WITH APPLICATION FOR CHANGE OF NAME TO DANIELA MARGARET MADROÑO RANALAN,
tragedy or conflict. These donations are part of Pilmico’s Mahalin Pagkaing Atin program, a campaign introduced in mid-2014 that aims to promote sustainable entrepreneurship through promotion of local produce and instill a “pride of product, pride of place” mindset for both farmers and local consumers, thus enabling operators to maximize profit without passing through middlemen. To date, Pilmico has already donated a total of 910 piglets, 262 egg machines, 8 bakery starter packages as well as assisted 14 agri-posts where beneficiaries received feedbags as restart-up capital. “Ensuring sustainable entrepreneurship for Filipino farmers is at the heart of our vision to become ‘Partners for Growth’. We hope that these piglets, egg machines and bakery kits will serve as the right tools to enable our farmers to develop sustainable
x-----------------------------------------------x ORDER A verified Petition For Adoption has been filed by the above-named petitioners alleging among others, that petitioners are married and desire to adopt the child of Dolour N. Cago, who has given her consent; that petitioners had two sons who both perished during the onset of Typhoon Sendong; and the petitioners have all the qualifications and none of the disqualifications to adopt the child. Petitioners pray that judgement be rendered declaring the minor to be free from all legal obligation of obedience, and maintenance with respect to her biological mother and be to all legal intents and purposes, the child of petitioners. Finding the petition to be sufficient in form and substance, notice is hereby given that the same shall be heard on December 14, 2016 at 8:30 o’clock in the morning. Any interested person may file a written opposition or appear at the said hearing to oppose the said petition. Let this Order be published in an accredited newspaper of general circulation in the City of Cagayan de Oro and the Province of Misamis Oriental once a week for three consecutive weeks at the expense of herein petitioners, the date of the last publication should be at least four months before the date set for hearing of the petition and not within 30 days from the date of an election. The Court Social Worker assigned to this Court is hereby ordered to conduct child and home study and counseling to the biological mother and make reports thereon to be submitted before the scheduled date of hearing. Also, the expense of petitioners, let copies of this Order together with the petition be furnished to the RTC Social Worker assigned to this Branch, the City Prosecutor’s Office, the biological parents of the minor sought to be adopted and the Office of the Solicitor General, 134 Amorsolo Street, Legaspi Village, Makati City. SO ORDERED. Done this 1st day of July, 2016, Cagayan de Oro City, Philippines.
BWM: July 6, 13 & 20, 2016
(Sgd.) Jose L. Escobido Presiding Judge
livelihoods in the years to come,” said Sabin Aboitiz, President and Chief Executive Officer of Pilmico Foods Corporation. Aside from the turnover of livelihood kits, Pilmico also hosted several lectures on animal husbandry and nutrition, basic and advanced baking demos as well as micro-financing and branding seminars. Attendees were also treated to cooking demos lead by Mahalin Pagkaing Atin Ambassador Chey Boy Logro where the different flavors of Bukidnon were showcased using pork, chicken, & eggs. Pilmico, guided by its vision to become Partners for Growth, has been providing customers with high-quality wheat flour and related products since 1962. It also excels in swine & poultry production and animal feeds. With its consistent excellence and topnotch products, Pilmico ensures market competitiveness by increasing customer satisfaction.
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 41 Cagayan de Oro City
SPOUSES DANNY R. RANALAN and MARGIE N. MADROÑO-RANALAN, Petitioners.
Security...
Preparations...
and urged them to stop their evil deeds. And that goes for all—no relatives, no friends, no bias, especially officials),” she said. Plans on strengthening the Barangay Anti-Drug Abuse Councils (BADACs) and anti-illegal drug advocac y as part of the schools’ curriculum are also included in her local administration. The mayor asks the help of the civic organizations and relig ious s e c tor to help prote c t k i ds f rom f a l l i n g i nt o t h e i l l e g a l drug habit by instilling in them positive morals and values. Furthermore, plans of putting up rehabilitation center are already in the process not only to reduce the street demand for illegal drugs but to give new hope to the drug dependents to change their lives. Aside from the economic security projects for t he city, t he mayor also gives priority to the infrastructure development as to bring more jobs and uplift the standard of living of the people in Gingoog. The city government will expand its social pension fund beneficiaries from 1,600 to 2,100 this year. Also, it pushes for d o o r- t o - d o o r d e l i v e r y for those senior citizens who are not able to visit government facilities to get their medicines and social pension. Further, it will continue expanding their coverage for the PhilHealth Insurance Program to ensure all the residents have health insurance. To date, there are already 23,000 families in the city with the basic health insurance. Meanwhile, Gingoog is set to strengthen its Rescue 115 and RadyoNet so that they can immediately respond to calls during emergencies and disasters. City C our t Judge Eileen Joy P. Bonghanoy administered the oaths of office of Misamis Oriental Sangguniang Panlalawigan Board Member Wayne T. Mi l it ante and Gi ngo o g Councilors Thaddeus Lugod, Jerome Mercado, Winfred Militante Jr,April R o s e Vo s ot ro s , Mi g u e l Pa d e r a n g a a n d My r n a Motoomull. Likewise Mayor Gu i ngon a an d Vi c e Mayor Ruth L. Guingona took their oaths of office administered by Executive Judge Giovanni Alfred H. Navarro. One of the mayor’s sons in B alay Pangarap Youth Center held the Bible for the mayor in her oath taking. Holy Eucharistic Celebration cum Thanksgiving Mass o f f i c i a t e d b y R e v. F r. Apollo Canoy, SSJV and concelebrated by Warren Padilla, PACEM opened t he ceremonies. (Hazel Mae Pacturan/PIA10)
guard hence we need to take the necessary pre c aut i on s t o m it i g at e the impacts of rainre l at e d d i s a s t e r s on t h e security of people and c o m mu n i t i e s . Agabe also reminds the l o c a l g ov e r n m e nt u n i t s ( L G Us ) t o i m p l e m e n t early preparedness action in the ‘Operation Listo’ manual for hydrometeorological hazards. D ue to t he numerous typhoons experienced by the Philippines ever y y e a r, O p l a n L i s t o w a s l au n c h e d b y D I L G , l e d by then S ecretar y Mar Roxas, recalled Hazel L. Occeña, DILG 10 local government capability development division ( L G C DD ) c h i e f , du r i n g an episode of “Lambo D ye s” r a d i o pro g r am of the Philippine Information Agency ( P IA ) a i r e d ov e r DX I M R a d y o Ng B ay a n . Oplan Listo or Operation Listo is a disaster preparedness guide for the LGUs, who are the first ones to respond in their places during disasters. “During the time nga wala pa’y bag yo gasulo d s a i l a n g l u g a r, n a a n a kami’y gihatag sa ila nga c h e c k l i s t k u n g u n s a’ y ang ay ip ang and am p ar a ma accomplish nila kung unsa gyud ang mga a c t i o n s k u n g n a a n a’y m u a b o t a y n g a b a g y o ,” she said. (B efore typho ons are experienced in their places, we already give t h e m c h e c k l i s t on w h at needs to be prepared f or t h e m t o a c c omp l i s h the actions they need to do for the upcoming typhoon) The DILG has also partnered with Department of Social Welfare and Development ( D S W D ) on t h e “G a b ay a t M a p a” w h e r e t h e y teach people what to do when disasters happen. This includes the E-balde which contains ready-to-eat food, three gallons of water, medicine, first aid kit, hygiene kit, clothes, f l a s h l i g ht a n d r a d i o. Preparations have been made for the a nt i c i p at e d L a Ni ñ a i n t h e c o u n t r y. Me e t i n g s with the Regional Risk R e duc t ion Management Councils (RDRRMCs) are done to know the e f f e c t s o f L a Ni ñ a a n d perform the La Niña Ac t i o n P l a n . All these projects i n i t i at e d b y t h e D I L G , as the vice-chair for preparedness, together with the different agencies do not only aim to ensure t he s afet y of everyone during disasters, but educate the people as well on t h e d i s a s t e r p r e p.
from page 6
Bukidnon egg machine beneficiaries
IN THE MATTER OF THE PETITION SPEC. PROC. NO. SP-ORD-2016-058 FOR THE SETTLEMENT OF THE ESTATES OF THE SPOUSES MARLENE FOR: OBUGA MACAYLE AND MARINO TUBO BONGAS AND THE APPOINTMENT OF Settlement of Estate & Appointment GUARDIAN FOR JOHN MARK BONGAS of Guardian AND PRINCESS GRACE M. BONGAS, MARY CRISTYL M. BONGAS, Petitioner, -
versus –
THE LOCAL CIVIL REGISTRAR OF CAGAYAN DE ORO CITY AND THE PAG-IBIG FUND, CAGAYAN DE ORO CITY BRANCH, Respondents.
x-------------------------------------------/ ORDER Let this case be heard on July 28, 2016 at 8:30 in the morning, at this court sitting at the Supreme Court Building, Capitol Compound, Antonio Luna Street, Cagayan de Oro City. The Civil Registrar concerned and the PAG-IBIG FUND, Cagayan de Oro City Branch and any person having or claiming any interest in this petition may, within fifteen (days) from notice of the petition, file his or her opposition thereto. At the expense of the petitioner, let a copy of this order be published once a week for three (3) consecutive weeks in a newspaper of general circulation in the City of Cagayan de Oro and in the Province of Misamis Oriental.
SO ORDERED. Cagayan de Oro City, June 7, 2016.
BWM: July 6, 13 & 20, 2016
(Sgd.) JEOFFRE W. ACEBIDO Presiding Judge
from page 6
BusinessWeek MINDANAO
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
wednesday|JUly 6, 2016
Linking... from page 1
complete the study, after the grid operator filed a petition. The NGCP revealed in its petition that its studies shown the western route for the connection of the Visayas and Mindanao grids – through Cebu-Negros and Zamboanga Del Norte – was the most viable prospect. The link between the two grids was first conceptualized in a study by the Japan International Cooperation Agency (JICA) in 1984. It also included the Leyte-Cebu 230 kilovolt (kV) AC high voltage interconnection projection, Leyte-Luzon 350 kV HVDC interconnection project and the Leyte-Mindanao 250 kV HVDC interconnection project. Currently, the Luzon and Visayas grids are only linked through the Leyte-Luzon 350 kV HVDC. (PNA)
Holiday... from page 1
nation “should have the full opportunity to join their Muslim brothers and sisters in peace and harmony in the observance and celebration of Eid’l Fitr;” and that in order to bring the religious and cultural significance of Eid’l Fitr to the fore of national consciousness, it is necessary to declare Wednesday, 6 July 2016, as a regular holiday throughout the country.” (MindaNews)
Braces... from page 1
of La Niña within the second half of 2016 (August 2016 to February 2017). DILG Regional Director Arnel M. Agabe says we don’t want to be caught off guard hence we need to take
the necessary precautions to mitigate the impacts of rain-related disasters on the security of people and communities. Agabe also reminds the local government units (LGUs) to implement early preparedness action in the ‘Operation Listo’ manual for hydro-meteorological hazards. Due to the numerous typhoons experienced by the Philippines every ye ar, O pl an L i sto w a s launched by DILG, led by then Secretary Mar Roxas, recalled Hazel L. Occeña, DILG 10 local government capability de velopment division (LGCDD) chief, during an episode of “Lambo Dyes” radio program of the Philippine Information Agency (PIA) aired over DXIM Radyo Ng Bayan. Oplan Listo or Operation Listo is a disaster preparedness guide for the LGUs, who are the first ones to respond in their places during disasters. “During the time nga wala pa’y bagyo gasulod sa ilang lugar, naa na kami’y gihatag sa ila nga checklist kung unsa’y angay ipangandam para ma accomplish nila kung unsa gyud ang mga actions kung naa na’y muabotay nga bagyo,” she said. (Before typhoons are experienced in their places, we already give them checklist on what needs to be prepared for them to accomplish the actions they need to do for the upcoming typhoon) T h e DI LG h a s a l s o partnered with Department of S o c i a l We l f are an d Development (DSWD) on the “Gabay at Mapa” where they teach people what to do when disasters happen. This includes the E-balde which contains ready-to-eat food, three gallons of water, medicine, first aid kit, hygiene
kit, clothes, flashlight and radio. Preparations have been made for the anticipated La Niña in the country. Meetings with the Regional Risk Reduction Management Councils (RDRRMCs) are done to know the effects of La Niña and perform the La Niña Action Plan. All these projects initiated by the DILG, as the vice-chair for preparedness, together with the different agencies do not only aim to ensure the safety of everyone during disasters, but educate the people as well on the disaster preparations, said Occeña. (Hazel Mae Pacturan/PIA)
PPA... from page 2
The port authority noted that SOLAS Regulation VI/5 requires that a container should not be loaded to more than the maximum gross mass indicated on the Safety Approval Plate under the International Convention for Safe Containers (CSC), as amended. As such, PPA said the terminal operator shall not load an overloaded container. It said the container is considered overloaded if the gross mass exceeds the maximum allowable weight embossed on the face plate of the container including the tare weight of the container. “If the face plate is no longer readable, the terminal operator shall refer to the ISO standards for maximum weight of containers according to size,” PPA noted. “Any action regarding an overloaded container shall be the result of a business decision between the shipper and the carrier, and handling thereof should be subject to the rules and regulations of the authority,” it said.
The port authority said all existing issuances, particularly PPA Memorandum Circular No. 2 3 - 2 0 0 9 a n d P PA Administrative Order NO. 02-2012, shall continue to be in force.
Hurst... from page 4
a school prefect and leader! That’s the power of our love, belief, and encouraging attitude toward our children. You see, that’s how God loves and believes in you and the abilities He gave you. So won’t you ask Jesus Christ to take charge of your life today, and every day of your life? He’s the One Who will help you become your best. He’ll also help you to love and expect the best from others. Just Think a Minute…
Kits...
from page 6
major encounters while working abroad was also undocumented. She thanked all the government agencies especially DOLE and NRCO for the Sari-Sari Store livelihood project she received. According to her, she will now be able to revive her previous income-generation in their town of Balingasag, Misamis Oriental. It was also tearfully recounted by Bhilcen Padero, a resident of Opol town, Misamis Oriental her mishaps when she used to work as a household worker in Singapore. “I was threatened by the strange actions by the son of my former employer since we both were left in the house. He did not want me to lock my bedroom at night, which prompted me to be paranoid. I then decided to go home to the Philippines,” Padero shared. Padero’s misfortune did not end there. Upon her return to Opol, she met an accident
with her husband, which gave her some body ailments. This impelled her to retain in the country and look for jobs to financially sustain her family. “I am so thankful with the Rice Trading Livelihood Project of DOLE-10 and I promise to let it grow,” she said. “I am moved to hear the beneficiaries’ promising aspirations, in spite what they have been through abroad. I hope to see them in the next six months with successful livelihood projects. May their success give inspiration to all of us,” said Agravante. The availees of this program shall be any undocumented OFW who has returned to the Philippines. An undocumented OFW is defined as: those who acquired their passports through fraud or misrepresentation; those who possess expired visa or permits to stay; those who have no travel documents whatsoever; those who have valid but inappropriate visa; or those employment contracts which were not processed by the POEA or subsequently verified and registered on-site by POLO, if required by law or regulation. Qualified availees shall submit their requirements to the DOLE Regional Office based on the location of their planned
9
2014 ppi’S Best in ENVIRONMENTAL Reporting
business. The beneficiaries will receive a business enterprise start-up kit worth P10,000 which consist of the materials of their proposed business. All availees of the LDAP are required to finish the Small Business Management Training and Financial Awareness Seminar to prepare them in managing a small business enterprise. “We (DOLE) are your companion in uplifting your lives,” Agravante said especially to those interested to avail the program. (Mary Gul Damasing/ NRCO-10)
Market... from page 7
Traders reported bids from Japanese banks on the night that consistently opposed gains for the yen past 102 per dollar, but data last week showed the Bank of Japan had not intervened. One member of the ECB’s Governing Council, asking not to be named, said that they and other central banks had been prepared for a lot more volatility than materialized and that cooperation with the Bank of England had been “exemplary”. He said they got regular updates and that BoE Governor Mark Carney personally was in touch many times.
BusinessWeek MINDANAO
10
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
wednesday|JUly 6, 2016
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
BusinessWeek MINDANAO
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
wednesday|JUly 6, 2016
Coal...
Leads...
of electricity from SPI, which operates the first coal-fired power plant in Mindanao, the 210-megawatt Mindanao Power Plant lo cate d within the 55-hectare Phividec Industrial Estate in Villanue va, Misamis Oriental. The Mindanao Power Pl ant suppl i e s ab out a fifth of Mindanao’s power requirements. The Indonesian government extended on June 24 the ban on coal shipments to the Philippines until Manila can guarantee s e c u r it y i n it s w at e r s , especially in the Sulu Sea. The ban was imposed last April following the spate of kidnappings by the Abu Sayyaf Group (ASG) off the Sulu Sea. The ban worried the Energy department given that Indonesia supplies the bulk of the country’s total imported coal. Based on DoE’s data, Indonesia accounts for about 95% of the Philippines’ total coal imports for a total of 16.56 million metric tons in 2015. The bulk of this or 79.77% was used in power generation. But Soldevilla said the ban will not negatively affect SPI’s operations, adding that SPI has from 20 to 30 days coal inventory as required by the DoE. “We also get a regular shipment of 50,000 metric tons of coal from Indonesia every month which are shipped on non-Indonesian vessels.” The Therma South Inc., (TSI), wholly-owned subsidiary of AboitizPower Corp. (AP) which operates the largest baseload coal-fed power plant in Mindanao, also assured power consumers of a stable supply. A n A P of f i c i a l w ho requested not to be identified said that TSI’s coal shipments do not pass by the Sulu Sea. TSI operates the 300-MW coal-fired power plant that straddles the contiguous area in Barangay Binugao, Davao City and Barangay Inawayan, Sta. Cruz, Davao del Sur. However, Luis Miguel Aboitiz, AP chief operating officer, was reported in April following the ban to have said that AP can source its coal requirements from other sources such a Australia or South Africa but at a higher cost. With enough inventory, coal-fired power plants in Mindanao is expected to cont inue its nor ma l op e r at i ons d e s pit e t h e ban and will not affect the island’s daily power needs. The Nationa l Gr id Corporation of the Philippines (NGCP) said that as of 6am on July 4 ( Mo n d ay ) , M i n d a n a o’s power capacity was at 1,676 MW with a System Peak at 1,432 MW or a Reserve of 244 MW.
May 9 elections. Dureza said these include 12 to 13 big ticket projects by Chines e, Taiwanes e, I n d i a n , a n d Eu r o p e a n investors. The investment leads generated in the first four months of the year reached P86.94 billion. “The inquiries started i nc re as i ng t wo mont hs b efore the elec tion but more investors came after election,” he said. “Before election, the way Duterte projected that he would transform the economy, that signal alone has provided the international community to build up their level of confidence.” He said foreign investors became interested to invest in Mindanao because they like Duterte’s peace and order agenda. “Much more with other countries this time who suffer economic crisis and cannot anymore expand within their locality,” he said. Most of the areas of i nt e re s t are pu b l i c private partnerships,
from page 1
from page 1
manufac tur ing , infrastructure, power generation, resourcebased agriculture, business process outsourcing, and mass housing. Last year, the agency ap prov e d 3 5 8 pro j e c t s worth P366.742 billion, up by 3.38 percent compared to 2014’s P354.557 billion for 295 projects. Dureza said they want to see the leads become real investments by tapping private groups and government agencies like the Davao City Chamber of Commerce and Industry Inc. and Mindanao Development Authority. He added the agency’s operation is “overheating” receiving two to three daily inquiries mostly from foreign investors. “We are so amazed with these figures because we have not experienced such phenomenon before. In fact, prospect investments before would only range between P10 billion and P12 billion. This time, it is a staggering figure,” he said. Invest ment t rend in Mindanao has been moving up for the past five years,
but Dureza said it was only this time that investments took a major leap with investors wanting to infuse more investments in the island like never before. He said they are now focusing on making a follow- through on the projects – and no longer with incentives – to ensure that the requirements of the investors are met. He added t he y are hoping to bring projects like manufacturing from Luzon to Mindanao that will bring a tremendous impact on the growth of other industries. He said they will invite i nv e s t o r s t o l o c at e i n existing economic zones and industrial parks just like in Malita in Davao O c c i d e nt a l , Pa n a b o i n Davao del Norte, and Sta. Cruz in Davao del Sur. He noted that some of the investors wanted to start operations in the next three years. As of May 2016, BOIapproved projects in Mindanao reached a total of P14.7 billion for 21 projects and generated 4,533 jobs. (Antonio L. C olina IV/ MindaNews)
REGIONAL TRIAL COURT 10th Judicial Region BRANCH 24 Cagayan de Oro City IN THE MATTER OF THE PETITION FOR CORRECTION IN THE ENTRIES OF THE CETIFICATE OF BIRTH OF MINOR ZHAIRA MHIR C. ROBLES, REPRESENTED BY HER PARENTS,
ORDER This is an Amended Petition for Correction of Entries in the Birth Certificate of Minor Zhaira Mhir C. Robles, filed by her parents Adriano B. Robles and Miralyn Robles, alleging, among others, that Zhaira was born in Cagayan de Oro City, on March 29, 2011p; that there are errors in the entries in said minor’s Certificate of Live Birth, to wit: a. Last Name : Capin b. Middle Name : No Entry c. Name of Father : No Entry d. Citizenship of Father : No Entry e. Religion of Father : No Entry f. Occupation of Father : No Entry g. Age of Father and the time of Birth : No Entry h. Date and Place of Marriage of Parents : No Entry Instead of the following which are the true and correct entries: a. Last Name : Robles b. Middle Name : Capin c. Name of Father : Adriano Baldoza Robles d. Citizenship of Father : Filipino e. Religion of Father : Roman Catholic f. Occupation of Father: : Office Clerk g. Age of Father at the time of Birth : 38 h. Date and Place of Marriage of Parents : August 04, 2003, Pasig City
Thus, this Amended Petition.
This Amended Petition will be called for initial hearing on July 13, 2016, at 8:30 o’clock in the morning, during which the jurisdictional requirements of publication, posting and notice to all persons who have interests which would be affected by this petition, will be proved. At the expense of the Petitioner, let this Order be published once a week for three (3) consecutive weeks in a newspaper of general circulation in the City of Cagayan de Oro, and in the province of Misamis Oriental. Further, let this Order, together with copies of the Petition and its annexes, be posted before the initial hearing at the Bulletin Boards of this Court, City Hall of Cagayan de Oro City, Provincial Capitol of Misamis Oriental, and the Barangay Hall of the barangay where the Petitioner is residing. Any interested person may, within fifteen (15) days from notice hereof, file an Opposition to the Amended Petition. Let a copy each of this Order be furnished to the Petitioner, Atty. Raul M. Llacuna, Office of the Solicitor General, and the Local Civil Registrar of Cagayan de Oro City. SO ORDERED ISSUED this 31st day of May, 2016, at Cagayan de Oro City, Philippines. BWM: June 29, July 4 & 6, 2016
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE REGIONAL TRIAL COURT SHERIFF NOTICE OF EXTRAJUDICIAL SALE EJF File No. 2016-236 Upon extrajudicial petition for sale under Act No. 3135 as amended by Act No. 4118, filed by HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG) against EVANGELINE D. OLIVEROS, with postal address at c/o Basilia D. Aranjuez, Blk. 15, Lot 13, Regency Plain Subd., Iponan, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of May 11, 2016 amounts to FOUR HUNDRED THIRTY SEVEN THOUSAND THREE HUNDRED FORTY EIGHT PESOS and 34/100 (P437,348.34) including interests and penalty, charges, attorney’s fees and expenses of foreclosure, the undersigned will sell at public auction on July 20, 2016 at 10:00 in the morning to 4:00 in the afternoon, at the Office of the Clerk of Court, Regional Trial, City Tourism Hall, Cagayan de Oro City, to the highest bidder, for cash or manager’s check and in Philippine Currency, the following property described below including all existing improvements found thereon;
(Sgd.) HENRY B. DAMASING Presiding Judge
TCT NO. T-125574 “A PARCEL OF LAND (Lot 13, Block 15, of the cons. Subd. Plan, PCS-10-001781, being a portion of Lot No. 3650 to 54, all of Cad-237, Cagayan Cadastre, xxx.) situated in the Barangay Iponan, City of Cagayan de Oro, Island of Mindanao, Containing an area of One Hundred Forty Three (143) sq. m. more or less.xxx
All sealed bids must be submitted to the undersigned on the above sated 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 encumbrances thereon, if any there be.
DONE this 17th day of June, 2016, in the City of Cagayan de Oro.
(Sgd.) ENRIQUE M. TALAG, JR. Sheriff IV
BWM: June 22, 29 & July 6, 2016
SPEC. PROC. CASE NO. SP-ORD-2016-032
ADRIANO B. ROBLES AND MIRALYN C. ROBLES Petitioner, - VersusTHE LOCAL CIVIL REGISTRAR OF CAGAYAN DE ORO CITY, Respondent. x-----------------------------------------/
11
2014 ppi’S Best in ENVIRONMENTAL Reporting
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 21 Cagayan de Oro City NATIONAL HOME MORTGAGE FINANCE CORP. (NHMFC) Mortgagee -versus- JOSE SEVERIO BUSTAMANTE BATAR Mortgagor/s x-------------------------------------------/
EJF FILE NO. 2016-216 For: Extra-Judicial Foreclosure of Real Estate Mortgage Under Act No. 3135 as Amended by Act 4118
NOTICE OF EXTRA-JUDICIAL FORECLOSURE SALE (EJL FILE NO. 2016-216) Upon extrajudicial petition for sale under Act No. 3135 as amended by Act No. 4118, filed by NATIONAL HOME MORTGAGE FINANCE CORPORATION against JOSE SEVERIO BUSTAMANTE BATAR, Single, of Legal age, Filipino Citizen, with postal address at Lot 10 Block 17, VILLA CANDIDA SUBD., BULUA, Cagayan de Oro City/ #6 BLK 32 RER 2 SUBD., CAGAYAN DE ORO CITY to satisfy the mortgage indebtedness which amounts to FIVE HUNDRED EIGHTY NINE THOUSAND FIFTY THREE PESOS & 95/100 ONLY (P589,053.95), exclusive of interest and penalty charges as of ARIL 30, 2016, the undersigned will sell at public auction on JULY 14, 2016, at 10:00 A.M. to 4:00 P.M. AT THE REGIONAL TRIAL COURT, City Tourism Hall, Cagayan de Oro City to the highest bidder, for cash or manager’s check and in Philippine Currency, the following property described below including all existing improvements found thereon, to wit: TCT No. T-66239 A PARCEL OF LAND (Lot 10 BLOCK 17 Psd-10-015484, being apportion of Lot 6221-C, Psd-10-012775) situated in the Barrio Bulua, City of Cagayan de Oro, Island of Mindanao, containing an area of FIFTY (50) square meters more or less, registered in the name of JOSE SEVERO BUSTAMANTE BATAR. 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 hereinabove described and encumbrances thereon, if any there be.
Cagayan de Oro City, June 10, 2016.
BWM: June 22, 29 & July 6, 2016
(Sgd.) EFREN G. MACABAYA Sheriff IV
12
wednesday|JUly 6, 2016
LifeStyle
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
LIMKETKAI LUXE HOTEL’S EIDUL FITR SPECIAL WEEKDAY BUFFET The end of Ramadan marks the celebration of Eidul Fitr where Filipino Muslims expresses their thanks giving to Allah. The festivity bares no permanent date, as it changes constantly dependent
on the Lunar calendar that only experts from the National Commission on Muslim Filipinos is capable of its interpretation. FEAST AFTER FAST For a full month term Muslims around the globe observes
fasting in the on-set of Ramadan, thus Eidul Fitr signals the end of their fast and automatically means Feast. In recognition to this celebration of Filipino Muslims in Cagayan de Oro and nearby Provinces within Northern Mindanao, KaVe Restaurant finds it fit to participate in the feast by offering an Eidul Fitr Special Buffet, where a line-up of authentic dishes known to the Filipino Muslims will be served for ONLY PHP698.00. Appetizer’s includes: Israeli Salad, Gado-gado Peanut Sauce Dressing, Cucur Udang (Shrimp Fritters), Seafood
Roasted Turkey
Greek Salad to name a few. Carving station’s line-up are Roasted Lamb Leg ,Roasted Cajun Chicken with Gravy and Roasted Turkey. The Main Course includes: Beef Randang, Baharat Lamb Cutlets, Meen Kulambu and Rendang Ketam (Spicy Crabs with Coconut Milk) Other food that will certainly excite
Roasted Lamb
your palates are the Shawarma Station, Japanese Station and to cap your meal our famous Dessert station where a long stretch of sweets are lined-up. KaVe’s Eidul Fitr
Special Weekday Buffet is available on July 6 to 7, from 6pm to 10pm. Reserve NOW! LIMITED SEATS AVAILABLE! Please call: 09178524786
Or visit us at the following:
Limketkai Luxe Hotel
Limketkailuxehotel_cdo www.limketkailuxehotel.com