BusinessWeek Mindanao (July 7, 2017)

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Friday | July 7, 2017

Laguindingan airport still X open for additional flights Briefly

Market Indicators As of 5:20 pm july 6, 2017 (thursday)

FOREX

PHISIX

US$1 = P50.635

7,888.31

11.4

cents

X

39.47 points

Pilmico ISO cert

PILMICO Foods Corporation has recently been awarded with international certifications in quality and food safety management systems.

The ISO 9001:2015 and the HACCP (Codex Alimentarus HACCP/CAC/ RCP-1-1969/Rev 4-2003) awards were presented by TÜV SÜD PSB Philippines Inc. to Pilmico President and CEO Sabin Aboitiz at the Pilmico head office in Taguig City and witnessed by the entire executive committee of Pilmico.

“Pilmico Foods Corporation, for both the Flour and Feedmill Divisions, has implemented and maintained a quality and food safety management system in conformance to ISO 9001:2015 and HACCP standards and continually demonstrates that its products and services comply with legal, statutory, and contractual requirements, and ensures that it meets or even exceeds the expectation of its customers and various stakeholders,” said Ms. Eunice Diamante, Audit Section Manager for TÜV SÜD PSB Philippines Inc.

By MIKE BAÑOS, Editor-at-Large

T

HERE are no facility constraints at Northern Mindanao’s Laguindingan Airport that hinder the flow of more passenger and cargo traffic to and from the region.

Jose G. Budiongan, airport and area manager for the Civil Aviation Authority of the Philippines (CAAP) Area X, said that while Laguindingan Airport’s passenger terminal building already exceeded its design capacity of 1.6 million people annually four years ago, the airport still has available slots during other times of the day to accommodate more flights.

“Every day from 12mn to 5am we have no flights so we can accommodate about 3 flights an hour or 15 additional daily flights for this particular period,” Budiongan said. “We also have only one flight from 8-11am daily and we read full story/PAGE 12

MORE FLIGHTS. Additional flights mulled at the Laguindingan Airport.

Davao prime lots should just be P50,000/sq.m: consultancy firm

By CARMELITO Q. FRANCISCO, Correspondent

No project bias SOCIOECONOMIC Planning Secretary Ernesto Pernia on Thursday said the government would pursue infrastructure projects based on their need and readiness, assuring there would be no bias towards a particular financing mode.

“Financing will be evaluated depending on the conditions and circumstances that are most advantageous.

We shall take into account each project’s nature, as well as economic, financial and technical considerations,” he said during the Infrastructure and Construction Forum.

Pernia cited for instance strategic but long-gestating projects wherein government might decide to build the structure through its own funds or through concessional official development assistance (ODA) financing.

photo courtesy of rich neri concepcion

SNIPERS. Hiding in dark rooms, Army snipers look for ISIS-Maute gunmen in Marawi City. mindanews photo by froilan gallardo

DAVAO City -- Consultancy firm Property Interactive Marketing Enterprise (PRIME Philippines), which recently set up a branch here, has flagged that rising real estate asset prices in Davao could make the city less attractive to buyers from outside Mindanao.

“Personally, the price of prime properties in the city should not be more than P50,000 per square meter (sq.m.),” said Jettson P. Yu, founder and managing director of Prime Philippines, citing that real

estate in the central area between Matina in the south and Lanang in the north currently go for as much as P60,000 to P120,00 per sq.m.

This area encircling the old downtown is where major developments are located, mainly c o n d o m i n i u m s , c o m m e rc i a l , and mixed-use projects by both homegrown and the country’s biggest real estate firms.

Mr. Yu, in a press conference last week, said if developers do not davao/PAGE 11

Mindanao region assured PH, Indonesia start border patrol of equal share of resources DAVAO City -- Combined The coordinated patrol, enhance the inter-operability

By JEANEVIVE ABANGAN, Contributor

DAVAO d e l N o r t e - Gracing the 50th Founding Anniversary of Davao del Norte, President Rodrigo Roa Duterte assured Dabaonons of equal share of resources to develop the potential of the province.

Reading the last three paragraphs of the speech prepared for him, he said “rest assured that the government re m ai ns c om m itt e d t o fulfilling its promise of equal share for Mindanao, equal/PAGE 11

forces of the Philippines and Indonesia kicked off the annual coordinated patrol with a send-off ceremony Thursday at Sasa Wharf here by the Naval Forces Eastern Mindanao (NFEM), which is under the operational control of the Eastern Mindanao Command.

dubbed “Corpat Philindo XXXI-17”, will consist of 140 members of NFEM and 47 from the Indonesian Navy.

It aims to strengthen the security of Davao Gulf and the common boundary of the two countries in the southern part of the Philippines along the Celebes Sea. This will also

of the two countries in maritime patrol.

Lt. James Reyes, spokesperson of NFEM, said the Indonesian Navy arrived in Davao on Monday. Since then, several activities were conducted in Davao City, like the goodwill games and the patrol/PAGE 10

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2

Economy

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friday|july 7, 2017

Let’s get energy projects moving, says DOE chief

B

U T UA N C i t y - T h e D e p a r t m e nt of Energ y (D OE) emphasized the need to stre am l i n e re g u l ator y processes for energy projects to speed up the provision of stable and affordable energy throughout the country.

Upon his assumption as DOE chief, Secretary Alfonso G. Cusi has been strongly pushing for a sound policy that will ensure energy projects to be carried out on time.

Supporting this call, President Rodrigo Duterte issued on 30 June 2017 Executive Order (EO) No. 30, creating an Energ y Investment Coordinating Council (EICC) led by the DOE that will spearhead and coordinate national gove r n m e nt e f for t s t o

harmonize, integrate and streamline regulator y processes, requirements and forms relevant to the development of energ y investments in the country.

The EICC will maintain a database of information and a web-based monitoring system for information exchange and updates to uphold transparency and accountability.

“The council will guide the various agencies in speeding up their regulatory pro c e s s e s for t h e f a s t realization of energy projects to be tagged as “Projects of National Significance’ under the Philippine Energy Plan (PEP),” Cusi explained.

Cusi pinted out that “the PEP sets the vision for our energy affairs in order to deliver the objectives of

Dutertenomics, particularly in identifying energy projects that need to be built and constructed on schedule.”

He further emphasized t h a t “t h e l o n g e r t h e processing of energy projects gets, the more expensive it becomes, which could also impact on the delivery of energy services and their affordability.”

The EO provides that government agencies concerned with energ y projects should presume other agencies were able to act upon and issue their respective permits within a 30-day period.

“G i v e n t h at e n e r g y investors have complete requirements, cutting down the period of issuance of permits will certainly speed up the realization of energy

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

projects,” Cusi said.

The EICC will be chaired by the DOE and shall be composed of representatives f rom v ar i ou s n at i on a l government agencies and relevant energy institutions (e.g. Department of

Environment and Natural Resources, Department of Finance, Department of Justice, Depar tment o f Tr a n s p o r t a t i o n , National Electrification Administration, National Grid Corp. of the Philippines,

Nat iona l Power C or p., Nat i ona l Tr ans m iss i on Corp., Housing and Land Use Regulatory Board, Palawan Council for Sustainable Development and other relevant government agencies). (DOE/PIA-Caraga)

ARMM oks P3-B telecom project COTABATO City -- Despite s e c u r it y i s s u e s i n t h e region, the Regional Board of Investments (RBOI) of the Autonomous Region i n Mu s l i m M i n d a n a o (ARMM) on Wednesday announced it approved the P3 billion telecommunication i nve st me nt of Ti e rone Communications International, Inc. (TierOne).

Lawyer Ishak Mastura, chairperson of the Regional B o a r d o f I nv e s t m e nt s (RBOI-ARMM), made the announcement Wednesday in a statement released to media outlets here.

Mastura said the investment was approved dur ing t he t hird Joint Management Committee and Board of Governors’ meeting.

He said the investment project seeks to put up a telecommunications carrier in the ARMM. Initially, TierOne planned to conduct its first rollout program for Marawi City.

However, due to the ongoing Marawi siege the company had to re-evaluate its business plan and program of works.

Mastura said TierOne express e d re adiness to continue with a rollout program for Marawi City in conjunction with

t h e re h abi l it at i on an d reconstruction program of the government for Marawi City.

It w i l l wait for t he government to tap it for the rebuilding of Marawi City, particularly, putting up its planned state of the art telecommunications infrastructure for Marawi City.

While the rehabilitation of Ma r aw i h a s y e t t o commence, Mastura said the firm has decided to roll out first a pilot program for its telecommunications project by building facilities in the ARMM government compound in C otabato City serving the ARMM government agencies.

The company intends to eventually cover all ARMM areas with an investment of about P3.0 billion with provision for expansion and infusion of additional capital as needed.

It will provide cellular service in 2G, 3G, 4G, LTE, broadband wireless internet to homes and enterprises, and Wi-Fi for public or common areas.

Wit h t he fastest internet service of 3,000 kB/s download speeds, it will provide coverage for Voice Over Internet Protocol (VOIP) services.

It will be using the latest technology, such as fiber optics and satellite relay with international gateway facility.

Mastura said TierOne is 70 percent owned by Filipinos and 30 percent owned by Australians.

It obtained a franchise to operate as a telecommunications service provider from the Regional Legislative Assembly of the ARMM a few years back.

“In p r e v i o u s y e a r s , we were not able to get a spectrum from the Regional Te l e c o m m u n i c a t i o n s C om m i s s i on s i n c e t h e National Telecommunications Commission had not allocated the same for the ARMM,” said Jonathon Bentley Stevens, the president of TierOne. ”So we did not start commercial operations in the region even though we had already put up the initial facilities, such as transmission towers. However, we believe that with the oft-expressed desire of President Rodrigo Duterte to open up the telecommunications sector in the Philippines this is the right time to restart the project,” Stevens added.

Ma s tu r a n ot e d t h at telecommunications, particularly the internet, is a big enabler for private telecom/PAGE 10

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

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CorporateWorld

Budget hotels eye expansion in Davao

D

AVAO City – Davao City is being eyed for expansion by hotel and operators as inquiries on the city’s business environment continue

to pour in.

This was disclosed

by Jane Salanga, assistant manager for Property Investments, Acquisition and Disposal of Prime

Philippines, saying five hotel operators and developers from the Asean-member countries are exploring possibility of joint venture or partnership

Jollibee loses trademark case against Jolliville THE Intellectual Property Office of the Philippines (IPOPHIL) has junked Jo l l i b e e Fo o d s C or p.’s trademark case against listed property firm Jolliville Holdings, Corp., saying the names of both companies are not “confusingly similar.”

In a statement issued on Tuesday, IPOPHIL Director General Josephine Santiago said they have reversed the 2014 decision of the agency’s Bureau of Legal Affairs (BLA), effectively granting Jolliville’s appeal for the registration of its corporate name.

“The decision of the BLA director [in September 2014] is incorrect and the appeal is meritorious. The appellant’s [Jolliville] mark is not confusingly similar to appellee’s [Jollibee] marks...

There is no ground to prohibit the registration of Jolliville in the name of the appellant,” IPOPHIL said in its 11-page decision dated June 8.

The homegrown fastfood giant f iled a notice of opposition against Jolliville in January 2013, after the latter filed for the registration of its corporate name and logo featuring the word “Jolliville.”

IPOPHIL’s decision in favor Jollibee in September 2014 then prompted Jolliville

to file an appeal.

The property firm explained that its name was derived from the name of the company’s founder, Jolly L. Ting, appended to the suffix “ville” to suggest the nature of its real estate affairs and leasing business. It also presented certificates of registration to the Securities and Exchange Commission, showing that Mr. Ting had been using the “Jolli” prefix in his businesses since the mid-80s.

IPOPHIL further noted t h at Jol l i b e e f ai l e d t o present evidence showing its registered trademarks had been damaged or are likely to be damaged by the registration of Jolliville.

“While appellee [Jollibee] was making it big in the food service business, so was Mr. Jolly L. Ting in the night entertainment business,” the decision read.

Mr. Ting is the owner of night entertainment businesses spread out across Me t ro Man i l a , namely Pegasus, Discovery, Mega, Heartbeat, and Lexus.

In 1986, Mr. Ting forayed into the real estate business with Jolliville Realty and Development Co. Inc. The corporate regulator then approved the corporate name

FNI targets shipments of 6M wmt of nickel ore FERRONICKEL Holdings, Inc. (FNI) is targeting to ship some 6 million wet metric tons (WMT) of nickel ore this year to take advantage of the rebound in nickel prices in the world market.

FNI, during the company’s annual meeting of shareholders held at Dusit Thani Hotel in Makati City Wednesday, said its subsidiary Platinum Group Metals Corp.

(PGMC), had already shipped 1.747 million WMT of nickel ore as of June 27, 2017 at a year-to-date average realized price of USD18.4 per WMT as compared to 1.037 million WMT at an average realized price of USD13.9 during the same period in 2016.

“Weather permitting, we expect to meet our 2017 target of 6 million WMT,” FNI president Atty. Dante R. Bravo told the company’s shareholders.

Bravo said 2016 was “a year of operational progress and laying the groundwork for a stronger future.”

“During that period, we focused on streamlining operations, pursuing strategic acquisitions and enhancing

operational efficiencies,” he noted.

To date, FNI, the second largest nickel ore producer in the Philippines and the largest single lateritic mine exporter in the world, has shipped 32 vessels as against 19 vessels during the same period last year.

The company was also able to renew for another 25 years the Mineral Production Sharing Agreement (MPSA) with the government for its 4,376-hectare Cagdianao mine.

It also acquired the right to explore an additional 843-hectare land that is adjacent to the property.

The acquisition presents an opportunity to enhance the firm’s nickel ore resources without requiring significant e x p e nd itu re s for m i ne infrastructure development.

FNI said it had also finetuned its engagement with its mining contractors, instituted measures to better manage ore moisture, optimized the analysis of mineral samples as well as mine planning and exploration, and moved nickel/PAGE 10

change in April 1999 to its present name.

Aside from its property business, Jolliville and its subsidiaries are also engaged in local waterworks system, business process outsourcing and power generation.

with local capitalists.

“There is a rise in the hotel industry and not just acquisition for land but from hotel operators wanting to locate here under a joint venture partnership,” she said.

But Salanga did not disclose the name of the investors, however five of them placed inquiries with their office about Davao. In fact, one investor will be coming next month to look at locations and feel the market.

Prime Philippines,

which is a commercial real estate consultancy firm, makes feasibility studies for their clients, market situation briefings, conducts market study, provides other data including pricing and ideal location for investments.

Salanga noted that property inquiries are moving up again despite the declaration of martial law. She added that prices of real property has increased which is a good sign.

Based on our study, she said there will be more projects by the end of the year.

“We are positive with the real estate industry here and the spike in land value is a good sign too” she said.

Salanga said inquiries from Business Process Outsourcing investors are high not just for new locators but also for those already operating here looking for more spaces for future development.

(Digna D. Banzon/PNA)

4

Opinion

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friday|july 7, 2017

Don’t Forget Who You Are in Christ Jesus the ripple

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

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amBongay “For by one sacrifice he has made perfect forever those who are being made holy.”

Hebrews 10:14 Who are we in Christ?

We are redeemed!

GOD s ent JESUS to redeem us from the bondage

Member: Philippine Press Institute Oro Chamber

A Smart Thief Think a minute…Did you know there’s a thief trying to break into your home every day to steal your most valuable possessions? But what’s most amazing is you and I open the door to let him in! You see, what makes this thief so smart is that he knows even better than we do what our most valuable possessions are. So while you and I are busy protecting our money, house, and car; while we’re guarding our title, status, and position of respect; this thief is stealing from us our much more valuable possessions.

He’s stealing our peace of mind and happiness, as well as our honesty and good character. He’s taking away our marriage and children.

Yet we don’t even know we’ve been robbed!

So when did we open the door to let this thief in to our lives? What’s his name? His name is Fear…Fear of what other people think. And you and I let him rob us when we start surrendering to the pressure of pleasing other people. When we’re afraid that other people won’t like or accept us. So after work, instead of going home to our family and being good, loving parents who spend time with our children, we go out drinking trying to

think a minute

those before us “borrowed money”. But in Deuteronomy 28:12, GOD promises, “..and you shall lend to many nations, but you shall not borrow.” True enough, this was fulfilled by JESUS “... yet for your sake he became poor, so that you through his poverty might become rich,” 2 Corinthians 8:9.

Who are we in Christ?

We are victors!

It is amusing how the enemy will try its very best to redirect our thoughts.

The enemy uses family m e m b e r s , l ov e d o n e s , friends, even our own past selves to derail us from our new identity in Christ.

These could be small things;

little annoying attempts, insignificant words, petty discouragements. When we make it a big deal, we let the enemy win. But when we let GOD, we exercise our right as a new creation. We can overcome no matter how big or small the circumstance set before us.

It is easy to forget our identity in Christ. That’s a l r i g ht ; w e o n l y n e e d constant and consistent reminders. But even better, what is more important, is that GOD is faithful and He will never forget who we are in Him. This is an excerpt from a preaching by Bro. John Paul Cabelin

Curse of the “scorching heat” is now with us Kakampi mo ang batas

manila office: 9th Floor, Unit 918, CityLand Herrera VA Rufino Cor. Valero St., Salcedo Village, Makati City Tel. # : 5555392,Cell No.: 0977-152-8860 lani vallido-Marketing Manager Shiena Shyne Campaner & Wemalyn Garcia Marketing Staff - CDO

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of sins. JESUS has fulfilled the commandments of the Old Covenant. The law is now merely a shadow, a memory.

But like any memory, the law haunts us, right where we are weak – in our sins.

Because the law magnified the reality of sin. Take note that we say “magnified” and not “magnify”. This is to emphasize that with JESUS, the reality of sin belongs to the past and we are redeemed from it.

Who are we in Christ?

We are rich!

Perhaps one common challenge that we face today as Christians is money.

Financial lack is not new, it is recorded in the bible that

Batas Mauricio LIFE’S INSPIRATIONS: “,,, 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...”

(Deuteronomy 28:15, the Holy Bible).

-ooo CURSE OF THE “S C O R C H I N G H E AT ” IS NOW WITH US: If the weather in the United States is any indication as to how hot the world has truly become in the last few weeks, there would be no denying the fact that the Biblically-prophesied punishment for p e ople

who no longer listen to, nor obey, God’s commands, in the form of “scorching heat” sweeping through the nations, is indeed happening now, right before our very eyes.

Media reports have been saying that the American West, particularly Nevada, Arizona and California, have been sweltering under triple digit temperatures that have been melting crayons left in the sun, and, what is worse, even killing old people whose bodies were no longer able to fight off the heat.

In a news report that CNN featured in its online version on June 22, 2017, the headline that introduced the report written by Madison Park, and which went like this, “Two deaths reported in California amid scorching heat wave”, was truly scary as far as Bible readers are concerned, because “scorching heat” is a phrase that the Bible uses to warn about the coming curse of global warming and climate change.

-ooo WHY ARE WE HAVING

“S C O R C H I N G H E AT ” TEMPERATURES? Here is what this curse of “scorching heat” says, as prophesied in Deuteronomy 28:22: “The Lord will strike you ... with scorching heat and drought, with blight and mildew, which will plague you until you perish.

Then, in its succeeding verses, Deuteronomy 28 also warns of other curses arising from “scorching heat”: “The sky over your head will be bronze, the ground beneath you iron. The Lord will turn the rain of your country into dust and powder; it will come down from the skies until you are destroyed...”

Why are these curses of “scorching heat”, “bronze sky”, “iron soil”, and “rain of dust and powder” coming?

As Deuteronomy 28:15 of the Bible says, it is because people no longer listen to God, and no longer obey His commands. When one looks around the world today, it would not escape him that man truly no longer listens to God and no longer cares to obey God’s commands.

Because of this, the curses

are coming, as promised!

-ooo THE SPIRITUAL ANGLE OF GLOBAL WARMING: Note that the curses of “scorching heat”, “bronze sky”, “iron soil” and “rain of dust and power” are meant to to kill people. This is what the phrases “until you perish” and “until you are destroyed” means---people will die as a result of their refusal to listen to God’s Word, the Bible, and refusal to obey His commands in the Bible.

C ons e qu e nt ly, t he re is a need for humanity not only to realize the re ality, dest r uc t iveness and deadliness, of global warming and climate change, but, more importantly, the very true reason why this is even happening. It is unfortunate however that while global warming is now accepted to be occurring worldwide, not many would like to recognize the spiritual angle of such phenomenon.

Failure or refusal to recognize that global warming and climate change must be tackled principally batas/PAGE 10

Gaining by losing hints and traces jhan tiafau hurst impress our peers and fellow workers. You and I let fear in when we don’t stand up for what’s right and true, because we’ll do whatever will make us liked and get us what we want. We’ll lie, cheat, even sacrifice our marriage and children, just to get us what we think will satisfy us.

This smart thief gets us to believe that doing all these things to be liked or rich will finally make us happy. While all the time he’s stealing from us our most valuable things in life! Our only possessions of any real worth. But you can decide right now to once and for all stop this thief. Today you can close and lock the door to fear—fear of what other people think—by opening the door of your heart to Jesus Christ. Then, He can come in hurst/PAGE 10

roy cimagala We need to learn this skill, this art. We have to feel at home with this possibility. This was what Christ clearly told us.

“Amen, I say to you, there is no one who has given up house or brothers or sisters or mother or father or children or lands for my sake and for the sake of the Gospel who will not receive a hundred times more now in this present age: houses and brothers and sisters and mothers and children and lands, with persecutions, and eternal life in the age to come.”

(Mk 10,29-30)

In fact, he rounded all these intriguing remarks by saying that “many that are first will be last, and the last will be first.” (Mk 10,31) This is part of the mystery that Christ wants us to live with and to live by. We should stop fretting whether these words are worth following.

Let’s always remember that Christ’s words hold what is objectively true, good and beautiful for us. More than that, they are what can bring about our salvation, of which we are in great need. They are what would lead us to our eternal destination of heaven.

If we bother to study the lives of saints, then we will see how these words are indeed effective. We should try to give more attention to saints than to media-hyped idols and celebrities, since the former truly give more authentic witness to our life’s true character than the latter.

It’s not that we have to reject our parents, the family,

our business and other earthly affairs we have. Our Lord himself commands us to honor our parents and to subdue the earth. We just have to learn how to love our parents and to get involved in our temporal concerns properly.

That means that while we have to love our parents and others as much as possible and get seriously immersed in our earthly affairs, we just have to see to it that our heart and mind are solely for our Lord, that our motives are nothing other than love for God and love for others which should go together.

We should not be afraid to go through the required sacrifices and self-denial, since these can only lead us to the joy and peace meant for us.

We need to do better than a shallow and narrow view of our earthly life, a knee-jerk reaction to things.

Detachment does not remove our involvement and engagement in our earthly and

temporal affairs. It simply puts them in the right context and the right direction. It frees us from unnecessary baggage.

It improves our vision and understanding of things, and predisposes our heart to the real love which can only be a sharing in God’s love.

We therefore should not have superfluous things, creating needs that are really not needs, and thereby generating attachments that can be a hindrance in one’s relation with God and with others.

Together with this call to detachment, Christ is telling us to be fruitful in this life.

“Much will be required of the person entrusted with much,” he said, “and still more will be demanded of the person entrusted with more.” (Lk 12,48) It’s a call to generosity that he has reiterated many times, like in the parable of the talents, for example, as well as in the cimagala/PAGE 10

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friday|july 7, 2017

Direct subsidy to buyers of socialized housing eyed THE Department of Finance (DOF) is eyeing the possibility of giving direct subsidy to buyers of socialized housing or those units priced at P450,000 and below, DOF Undersecretary Karl Kendrick Chua told the Philippine News Agency.

In a phone inter view following the 1 With the 9 9 Ta x R e for m For u m Wednesday, Chua said the subsidy system for socialized housing is better than the va lue-adde d t ax (VAT) exemption as it will directly provide the benefits to the deserving families.

This move is part of the broadening of VAT base under the Tax Reform for Acceleration and Inclusion ( T R A I N ) , w h e re i n t h e government eyes to repeal around 80 special laws that provide VAT exemptions.

The special law granting VAT exemption on socialized housing and low-cost housing, which prices range above 450,000 to P3 million, will also be included.

“Under the House Bill, the socialized housing -that’s the P450,000 per unit and below -- will be VATable once there is a voucher system for the poor. The benefits would change from tax exemption to a subsidy

5

Banking&Finance

system,” Chua said.

The DOF official noted t hat t his is one of t he solutions to address the country’s housing backlog of 5.7 million.

“For low-cost housing P450,000 to P3 million, the buyers will be the income taxpayers who benefit from lower income tax,” Chua, on the other hand, mentioned.

The Tax Refor m for Acceleration and Inclusion Ac t (TR AIN) w i l l a ls o reduce personal income tax of 99 percent of the country’s taxpayers.

“That’s enough to accept the slight increase in housing prices,” the official added.

But Chua noted that the effect of the 12-percent VAT on low-cost house prices will only be 4.0 percent.

“The VAT is 12 percent, but it’s not true that the increase (in prices) would be 12 percent; only around 4.0 percent,” he stressed.

“If the housing is VATable, the develop er can pass the input VAT to consumer. If exemption, they cannot pass it so they will just increase the price per unit. So that’s what’s really happening. Only the additional VAT on top of the input VAT will be passed on, that’s why it’s 4.0 percent,” he explained. (PNA)

NEDA optimistic PH inflation likely to moderate further

P

HILIPPINE inflation will likely continue to moderate in the second half of the year w h i c h c a n s t re ng t h e n pro s p e c t s of s t rong e r domestic economic activity in the near-term, said the National Economic and Development Authority (NEDA).

This following a report released by NEDA-attached agency Philippine Statistics Authority (PSA) stating that headline inflation further slowed to 2.8 percent in June 2017 from 3.1 percent in May. This is lower than market expectations of 3 percent, and within the government’s target of 2 to 4 percent.

Core inflation, which

excludes select volatile food and energy prices, also eased to 2.6 percent in June 2017 from 2.9 percent, reflecting the general price stability across goods and services.

“The significant decline in the probability of extreme weather disturbances due to El Niňo and La Niňa until the end of 2017 bodes well for agricultural production an d c om m o d it y pr i c e s m ov i ng for w ard ,” s ai d NEDA Officer-in-Charge (OIC) and Undersecretary for Policy and Planning Rosemarie Edillon in a statement.

Edillon said the g o v e r n m e n t , h o w e v e r, should take advantage of good weather conditions to accelerate the

implementation of climate change adaptation measures.

“A m on g t h e c r u c i a l o n e s a r e i nv e s t i n g i n infrastructure like catchment basins, advance atmospheric moisture extraction, and promoting water-saving technology.

Rehabilitation of damaged i r r i g at i on sy ste ms and periodic maintenance will also ensure disaster and climate resiliency of the agriculture sector,” she said.

Despite having stable inflation levels, Edillon said possible risks still have to be considered.

“On t he exter na l f ront , d om e s t i c pr i c e s may be affected as global financial market conditions adjust in response to the

faster monet ar y p olic y normalization in the United States,” she said.

Domestically, the NEDA of f ici a l s aid t ransitor y impact of the proposed Comprehensive Tax Reform Program (CTRP) could push up inf lation once implemented.

“We find it critical to have social safety nets to mit igate t he shor t-r un effects of the tax reform program. Never theless, the government needs to communicate well to the public the CTRP’s benefits e s p e c i a l l y i n t e r m s of productivity improvements which, in effect, will eventually result in lower inflation,” Edillon said.

(PNA)

Moody’s keeps PH growth forecast for 2017 and 2018 MOODY’S Investors Service still expects a 6.5 percent growth for this year and 6.8 percent in 2018 but is concerned about the slowmoving government spending program and constraints as well as execution risks for its infrastructure development.

Moody’s vice president and senior credit officer for sovereign risk group, Christian de Guzman, said the high growth of the next two years will depend on how

far infrastructure projects will advance, among other things. “Embedded within that (6.5 percent growth) is our expectations that infrastructure spending or government spending is going to pick up, but not pick up materially,” he said.

Domestic demand is improving but the “ambitious” public infrastructure program “will be subject to capacity constraints and execution risks”.

“ This gover nment— and the last government as well – has not shown or demonstrated an ability to fully spend its allocation,” de Guzman said in a briefing yesterday. “But nevertheless given the increase of the allocation I think we can also expect that the increase in actual spending will also increase, and be supportive of growth.”

Moody’s noted the 2018 national budget of P3.8

trillion but has not factored this in yet to next year’s growth forecast.

De Guzman said the speed up of infra-related project implementation has some been beset by concerns both in the past and present administration, for example on the issue of the origination process. “I think shifting to ODA financing doesn’t necessarily cut down those execution risks … and in moody’s/PAGE 10

6

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Cebu Classic Orchestra Live at Rodelsa Hall

friday|july 7, 2017

A

nother musical milestone unravels as Rodolfo N. Pelaez Foundation, Inc. and the Liceo Conservatory of Music in partnership with Liceo de Cagayan University Office of Cultural Affairs proudly present the Cebu Youth Orchestra (CYO), on October 7, 8 o' clock in the evening at Rodelsa Hall, Liceo U Main Campus, Cagayan de Oro City.

CYO is one of the youngest and finest music ensembles to grace the concert halls of the country to date. The music event is a fundraiser of the Foundation for the performing arts scholars under the Liceo Conservatory as well as the performing arts groups of Liceo U. Moreover, this is also a way for the young orchestra to bring their music closer to the people.

Conducting the CYO for this concert is Prof.

Horst Hans Backer, who has had stints in Europe before becoming the Associate Dean of the Liceo Conservatory.

Together, they will be performing well-loved classics

and movie themes such as Sleeping Beauty, Pirates of the Caribbean, and the Grieg Piano Concerto.

The CYO is a Cebu-based youth orchestra founded

by Reynaldo Abellana. They are composed of young musicians, ages 8-20, from different social and cultural background. Some

of the members of the orchestra have received invitations to perform in Asia and Europe to become guest members of international orchestras.

Tickets to the concert are pegged at P500 and P1000 and may be purchased at the Liceo Office of Cultural

Affairs, 2nd Floor of Rodelsa Hall, Liceo de Cagayan University Main Campus, Kauswagan, Cagayan de Oro City. Ticket reservations may be arranged by calling (088) 8584093 up to 95 local 117 or call/ text 09551674996.

Join us in this wonderful musical experience!

COWD EMPLOYEES EXTEND A HELPING HAND TO THE MARAWI EVACUEES

In their desire to help the affected familiesdisplaced by the ongoing battle between the government forces and the Maute terrorist group, COWD employees pooled their resources together to buy several items which are among those most needed by the victims- kitchenware, utensils and water jugs.This act of volunteerism is in support to the government’s efforts as it intensifies relief operations at evacuation centers where more than 200,000 have taken refuge. The donation was coursed through the Philippine National Red Cross- 10 last June 20, 2017.

7 Globe #makeITsafePH campaign: keeping businesses and consumers safe online A Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

friday|july 7, 2017

s a purveyor of digital lifestyle, Globe Telecom takes it upon itself to ensure that society as a whole remains safe from numerous threats facing anyone using the internet – from viruses, Trojan, and Ransomware which put multi-millionpeso businesses at risk, hacking attempts for illicit purposes, and cases of cyber bullying to name a few.

This concern gave birth to the #makeITsafePH campaign under Globe

Telecom’s CyberPinoy cyber wellness program.

The campaign covers all stakeholders such as big corporations, small and medium-scale enterprises, government agencies, colleges and universities, and the general public.

For businesses and the government, the unprecedented growth of technology has made data protection and safety a bigger challenge more than ever. This prompted Globe Business, the enterprise information and communications

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technology (ICT) arm of Globe, to take a more proactive stance.

“The frequency and sophistication of cyber attacks and breaches across all industries are on the rise. While we take a holistic approach to address these using our managed security services solutions, we also understand the need to continue informing our clients on how to keep their valuable data safe,” said Albert de Larrazabal, Globe Chief Commercial Officer.

Globe Business is spearheading the campaign for businesses by providing practical tips and easy-todigest information about the various threats one organization may face. It is also a move to empower Globe Business clients and help them ensure that employees are aware of their responsibility to safeguard sensitive data and to protect company resources.

At the same time, the #makeITsafePH campaign for consumers takes off from earlier Globe efforts to promote online vigilance among the public and protect them from becoming victims of online hacking, identity theft and other cybercrimes.

“We are working towards the goal of transforming the Philippines into a digital nation but at the same time, we want to instill awareness on the dangers that people could fall vulnerable to in this digital age. This cannot happen overnight. We need to constantly remind and educate them if we are to make a difference,” added de Larrazabal.

The #makeITsafePH campaign for consumers will particularly reach out to young school children and their families as well as millennials who are most susceptible to the negative aspects of the Internet.

Globe will also seek support from schools and teachers through the adoption of the Digital Thumbprint Program (DTP). DTP teaches students how to understand the impact of their online behavior and how to be safe and responsible for

their online activities.

Through three workshops, the students learn how to discern proper online behavior, be aware of technology’s impact on their social activities, and develop skills on how to use technology to help them achieve life goals.

Free makeup, free reading glasses and eye checkup, free makeover, free haircut, family planning orientation and feeding program kickoff for three months were held to start the new RY 2017-2018 jointly by Rotaract Club of West CDO and Rotary Club of West CDO. The project is made possible by MASSA Foundation, Kiwanis Club of Maharlika, HBC Beauty Care, Technical Education Skills and Development Authority (Tesda) 10 and City Health Office. photos supplied

24th NRCE focuses on “Future-proofing” retail The 24th National Retail C onference and Stores Asia Expo (NRCE) is all set to provide retailers with tips and solutions on how to prepare for the fastchanging digital age with this year’s theme “FutureProofing Retail.”

The annual NRCE is the Philippine Retailers As s o c i at i o n’s f l a g s h i p project and will be staged on August 10-11 at the SM Mall of Asia Complex, Pasay City.

Tagged as the biggest and most important retail even in the country, the NRCE will feature talks and panel discussions from industry experts and personalities led by Leyte Representative and TV personality Lucy Torres-Gomez, Senator

Sonny Angara and Rustan Supercenters CEO Irwin Lee as keynote speakers for the two-day conference.

Topics of the conference will cover new trends in retailing, branding design, future of shopping malls, creating niche in diverse market, online retailing, fashion retailing, impact of music in the marketplace, food retailing, and engaging the millennial consumers.

C onfirmed speakers and presenters include FILSCAP Vice president and noted TV personality and musician Jim Paredes, Zalora CEO Paolo Campos, Google Philippines Marketing Manager Gabby Roxas, Springtime Design L i m i t e d C r e at i v e a n d Managing Director Chris

Dingcong, and Organization Development Advisor Susan Grace Rivera.

Two panels composed of young and upcoming retailers such as Apartment 8 President Sheira Lim, Su n n i e s C afé F i n an c e Director Eric Dee Jr., and Genki Sushi Owner Eric Teng will discuss the new generation of retailers and food retail as mall anchors.

Ne w for t his ye ar’s NRCE is the launch of the Supermarket Track dedicated to supermarkets and food retailers which will discuss modern retailing with a responsive Department of Trade, spatial planning, and supermarket trends in Asia Pacific. NRCE 2017 Overall Chairman Lorenzo Formoso says, “This

year’s event aims to create a deeper understanding of modern retail as well as open more opportunities for partnerships and n e t w o r k i n g ”. B a c k t o back with the conference is the only focused and dedicated retail suppliers’ expo showcasing the “tools for global retailing” from over 100 exhibitors of fe r i ng pro du c t s and solutions for the retail industr y such as Retail Solutions, E-Commerce & M-Commerce, Shop Fittings & Store Designs, Digital Marketing, C om m e rc i a l an d R e a l Estate Developers, Web Developers, Non-traditional Adver t ising , Financi a l S e r v i c e s , St or a g e a n d Distribution, HR Solutions,

and Billboard Locations among others. The Stores Asia Expo, which is the biggest in the Philippines and is one of the longest running retail suppliers’ expo in Asia, expects to draw more than 3,000 visitors and decision makers from the retail and related industries. The NRCE 2017 is supported by The SM Store, PLDT Alpha, Wilcon Depot as Platinum sponsors; Robinsons Malls, Ayala Malls, Araneta Cener Inc.— Gold; Hitachi Solutions Phils.—Silver ; Bench, Celine, Penshoppe—Bronze; Sportshouse, Shangri-la Plaza, Goldilocks, BMI Research—Sponsors; Philippine Airline— Official carrier; Philippine Star—Official Newspaper;

Business World—Official Media partner ; ANC— Official Network; Re-set— Official Creative Agency; Crimsonberr y—Official S o c i a l Me d i a p ar t ne r ; Fascn8—Digital Advertising partner ; Talkshop Asia @ R adyo Inquirer— Mu lt ime di a p ar t ner ; Philippine Daily Inquirer— Media partner; Rich Brand Graphix, Inc, and Heritage Multi Office Products, Inc. as expo sponsor, and WGSN as session sponsor. For registration, sponsorship and exhibit inquiries, please contact the PRA Executive Secretariat at 6874180, 6874181, 6874985, or email: marketing@philretailers. c om , sp e c i a lproj e c t s @ philretailers.com, or visit www.nrce-ph.com.

8

Sports

OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

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

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

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

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

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

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

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

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

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

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

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

METRO BANK- GAISANO 8561720

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

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

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

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

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

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

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

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

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

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friday|july 7, 2017

Ex-NBA star: New FIBA WC format a win-win for all

F

or former NBA star Vlade Divac, the new format for the FIBA World Cup is beneficial for everyone.

In a copy of an open letter that was obtained by PNA on Wednesday night, the current Sacramento Kings GM, who starred for the Kings, the Los Angeles Lakers, and the New Orleans Pelicans, formerly the original Charlotte Hornets franchise, said, “I see the new calendar as a winwin for players, fans, national federations, leagues, clubs, for all actors of the game, [and] for the sport we love.”

The new FIBA World Cup format includes a qualifying tournament similar to that of the FIFA World Cup, that is, teams will play in two rounds of games in a home-and-away format that decides which team will join host nation China in the 32-team meet in 2019.

“This system will create synergies with club competitions, helping the whole basketball family,” Divac, who was a star for Serbia, formerly Yugoslavia, in international basketball play.

Divac also cited other advantages of the new format, including the reduction of pressure and providing ample time for rest “from an already arduous schedule,” a significant reduction of playing days for national team players, an avenue to “create opportunities and help develop new talent by enabling younger players from more countries to play international basketball,” and more quality games, which could give players a chance to further hone their skills.

Gilas Pilipinas will be part of the Asian qualifiers for the FIBA World Cup, which will begin in November. (Ivan Saldajeno/PNA)

15 PH cyclists to see action in 2017 SEA Games The Integrated Cycling Federation of the Philippines (PhilCycling) is sending 15 athletes to the 29th edition of the Southeast Asian Games (SEAG) in Malaysia.

Carrying the national colors in the tournament slated to be held in Kuala Lumpur on Aug. 19-30 are Jerry Aquino Jr., George Oconer, Mark John Lexer Galedo, John Renee Mier, Marcelo Felipe, Oranza Ronald Nozuelo, Rustom Lim, Boots Ryan Cayubit, Dominic Perez and defending women’s champion Marella Salamat (road event); Mervin Barnachea and Kristian Emmanuel Reyes (track event); and 2014 Asian Games gold medalist Daniel Patrick Caluag, Christopher John Caluag and Sienna Elaine Fines (BMX).

Aquino said in a recent interview with Sports Radio that he was thankful

for the opportunity to compete again in the SEA Games.

“Hindi ko po sasayangin ang chance na muling nabigay sa akin (I was given another chance and I will not waste it),” said Jerry, whose father is former Tour veteran, Jerry Aquino Sr. The young Aquino, who is currently a member of the Go for Gold club team, promised to do his best if given a good position during the race in the SEA Games. He and Perez are the team’s sprinters and they are expected to carry the fight in the bunch sprint.

“Itotodo ko ang lahat ng lakas ko basta maihatid kami ni Dominic Perez ng mga ka-teammate namin (Dominic Perez and I will do our best to keep the lead with the help of our teammates),” said Jerry, who placed seventh in the 2015 Asian Cycling

Championship in Thailand.

Jerry also said that the team’s morale is high because the players have developed camaraderie during training sessions.

“Buo po kami kahit iba-iba ang club namin.

Isang pamilya po kami sa training at sa dorm namin. Mahalaga ito dahil ang cycling ay team sport (We are one even though we came from different clubs. We are one family during training and at the dorm. This is important because cycling is a team sport),” said Jerry, who was a former member of 7-Eleven RBP and LBC MVP club teams.

The Philippine Sports Commission (PSC) has approved PHP86.7 million for the participation of 700 athletes, coaches and officials in the SEA Games.

The amount will cover airfare, hotel, allowance and uniforms (parade and competition).

“As promised, we shall continue to back our national athletes,” PSC chairman William Ramirez said in a statement on Tuesday.

“Even if the PSC is now training its sights on grassroots sports, our elite athletes will always have our support.

While we recognize that the Philippine Olympic Committee and the national sports associations take care of their training and preparation, the government, through the PSC, will always lend assistance to get them up to the level they need to be”.

Aside from the approved SEA Games budget, the PSC has spent for the training equipment of national athletes, as well as the athletes’ training camps and competitions here and abroad. (Jean T. Malanum/PNA)

Mindanaoan boxer wins WBO Aspac Bantamweight title Filipino fighter Jetro “Silent Operator” Pabustan damaged the face of Japanese Tatsuya Takahasi to win by a stunning majority technical decision and capture the vacant WBO Asia Pacific bantamweight title last Monday at the Korakuen Hall in Tokyo, Japan.

The 27-year-old southpaw from Malapatan, Sarangani province first inflicted a nasty cut on the left eyebrow of Takahashi in the second

round. Pabustan then added another cut on the opposite side in the fourth round.

The cuts made Takahashi’s face bloody in the succeeding rounds to force the referee to finally stop the fight in the seventh round with Pabustan leading on the two judges’ score sheets (67-65 and 67-66).

The other judge saw it, however, at 67-all.

“Nagpapasalamat po ako sa Diyos at sa aking manager Kenneth Rontal

at trainer Jhun Agrabio,” (I want to thank God and my manager Kenneth Rontal and trainer Jhun Agrabio) said Pabustan, who scored

his 29th win and 10th via knockout against four losses and six draws.

Takahashi, on the other hand, suffered his eighth defeat against 26 wins and five draws with 19 knockout wins.

Pabustan also fought but lost to Panya Uthok by a seventh round technical decision when he challenged the Thai champion for his WBO world bantamweight title last February 12, 2016 in Thailand. (Lito delos Reyes/PNA)

9

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friday|july 7, 2017

When you’re in Davao City, Read:

HOTELS & RESORTS DIRECTORIES

VILLA MARGARITA HOTEL J. P Laurel Avenue, Bajada, Davao City, Philippines Tel. No.: (082) 221-5674 / Fax No. (082) 226-2968 MICROTEL

By Wyndham Davao Damosa Gateway Complex Angliongto Rd., Lanang Davao City 8000, Philippines Tel +63 82 233 2333 / Mobile +63 917 795 3548 www.microtelphilippines.com PINNACLE HOTEL Sta. Ana Avenue, Davao City.

No. (082) 300-5885 Telefax: 300-1881/ 221-3025 Website: www.thepinnaclehotel.com ROOTED IN RESPONSIBILITY. Volunteers from TSI, EMB, local communities, and LGUs of Davao City and Sta. Cruz, Davao del Sur plant over a thousand seedlings as part of TSI’s Carbon Sink Management Program (CSMP). The CSMP aims to plant one million trees to effectively offset carbon emissions.

AboitizPower, EMB plant close to 1,400 seedlings Living up to its commitment towards environmental stewardship, AboitizPower subsidiary Therma South, Inc. (TSI) and the Department of Environment and Natural Resources (DENR) - Environmental Management BureauRegion XI (EMB-XI) joined forces in a treeplanting activity last 27 June 2017 in celebration

of the World Environment Month.

Volunteers from TSI, EMB, and the local government units of Davao City and Sta. Cruz, Davao Del Sur planted over a thousand seedlings inside the 300-megawatt Davao Baseload Power Plant complex in Binugao, Toril, Davao City.

“This tree planting activity is in celebration of World Environment

Month. By planting trees, we can effectively cut and offset carbon dioxide emissions,” said DENREMB-XI Regional Director Metodio U. Turbella.

“This tree planting activity aims to make our plant greener by growing trees inside the TSI complex. It is also in line with our Carbon Sink Management Program or CSMP, which aims to plant one million trees within

the span of 10 years,” said TSI Vice President and Plant Manager Valentin S. Saludes III. TSI has been implementing the CSMP in Marilog and Paqiubato, Davao City through partnerships with the IP communities for the rehabilitation of their ancestral lands. The CSMP is also one of the means to effectively sequester the plant’s carbon emissions.

ALU HOTEL M. Roxas Avenue corner Padre Faura Street, Davao City.

Tel No (63 82) 221-5232 / Mobile (O943) 652 3927 Email: aluhoteldavao@yahoo.com info@alu-hotel.com / www.alu-hotel.com GRAND REGAL Km 7 Lanang, Davao City, Philippines Tel. 235-0888 / Fax 235-2335 email: grandregalhotelegmail.com

VIAJEROS ECONOMY HOTEL Patnubay St., Sandawa, Matina, D.C Tel. No. 297-5710 / Telefax (6382) 298-5134 Mobile: 0922.-8268425 Website: www.viajeroseconomyinn.com

ROYAL MANDAYA HOTEL J.Palma Gil St., Davao City 8000 Phils.

Tel. No. (082) 225-8888 / fax No. (082) 225-1885 info@theroyalrmandayahotel.com www.theroyalmandayahotel.com HOMITORI Bangoy Street corner Santa Ana Avenue, Davao City Tel. No. (082) 295-2969 & 295-2471 / Mobile: (0922) 8994646 Email: homitoridvo@gmail.com or Like us on www.facebook.com/pages/Homitori-Davao BIG APPLE HOTEL Brgy. Angliongto, Lanang, D.C. Hotline Nos.: (082) 234-8459 Facebook account: bigapplehotel@ymail.com Email: bigapple_hotel@ymail.com

THE PERIDOT SUITES Carmelite Drive, Lanang, Davao City Tel. no.: (082) 305-6530 / Fax no.: (082) 305-38I2 Email: theperidotsuiles@gmail.com AZIENDA MEO APARTELLE 11 Corner Pioneer and Doña Vicenta Village, Phase 1, Davao City Telefax. No: (082) 227-4119 & 284-6689 Cell Phone No. 09256652626 Website: www.aziendameo.com Email Add: aziendameo@yahoo.com.ph Big 8 Corporate Hotel Visayan Village, National Highway, Tagum City Mobile nos. 09173029063 & 09328539372 Tel. No.: (084)216-0888 Email: info@big8corporatehotel.com www.facebook.com/big8corporatehotel.com www.big8corporatehotel.com

PHILIPPINE ENVIRONMENT MONTH. In its commitment to care for the environment, TSI partners up with DENR-EMBXI, local communities, and LGUs of Davao City and Sta. Cruz, Davao del Sur in a joint tree planting activity inside the TSI complex.

Court convicted a woman for misrepresenting herself to claim SSS benefits A woman was convicted by t h e R e g i on a l Tr i a l Court (RTC) of Naga for misrepresenting herself as the dependent mother of a deceased member to claim death benefit and by the Municipal Trial Court (MTC) of Naga for pretending to be the legal wife of her commonlaw husband, to claim funeral and death benefits under the Social Security System (SSS).

SSS President and Chief Executive Officer

Emmanuel F. Dooc said that Merly Solano Balquin first misrepresented herself as Rosita S. Buena, dependent mother of Cesar S. Buena Jr., who died in 2001. The second misrepresentation was committed in 2003, when Balquin pretended again to be Rosita, wife of deceased Cesar Buena Sr, to file funeral and death benefits.

“It was very clear that Balquin intended to defraud SSS by misrepresenting

herself not only once but twice just to qualify as a beneficiary to claim SSS benefits. We are saddened that there are people who would do such act for their benefit but at the expense of the SSS and the real beneficiaries,” said Dooc.

According to Dooc, by misrepresenting herself as the dependent mother of the younger Buena, Balquin was convicted for violating Republic Act 8282 otherwise

known as Social Security Act of 1997. She was ordered to serve a jail term of six years and to pay a fine amounting to P5,000.

On the other hand, for pretending to be the wife of the older Buena to claim funeral and death benefits, she was convicted for violating RA 8282 in relation to Article 172 of the Revised Penal Code. She was ordered to serve a jail term of six months sss/PAGE 10

HOTEL ELENA Avenida Santos Ave., Nova Tierra Vill, Lanang, D.C Tel. Nos. (082) 233-1941 & 305.8799 / fax No. (082) 233-1887 PARADISE ISLAND Tel. No. (082) 233-0251 & 300-2343 / CP No.: 09209546780 E-mail: paradiseislanddavao@gmail.com MARCO POLO DAVAO C.M Recto St., Davao City davao@marcopolohotels.com www.marcopolohotels.com (63 82) 221-0888 HOTEL ESSE Brgy. 9-A F Torres Street, Davao City Hotline: No: 227-37-73 / Fax: 295-34-85 Website: www.hotelessedavao.com.ph Email Add: hotel_esse_davao@yahoo.com RUEMANGO APARTELLE & SUITES 516 Mangga St., Juna Subd., Matina, Davao City ruemangoapartelleandsuites@gmail.com www.ruemango.com Tel. Nos.: (082) 295-7175/ 295-7180

10

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friday|july 7, 2017

Patrol... from page 1

city tour.

From Davao, the teams will proceed to Indonesia with a stopover in Balut Island in Sarangani, Davao Occidental on Friday, July 7, for a medical and dental mission in collaboration with the local government unit.

Reyes said the coordinated patrol will culminate on July 12 in a closing ceremony in Manado, Indonesia.

Reyes said NFEM will use the navy ship Ramon Alcaraz during the coordinated patrol.

Part of the activity, he said, is the Visit, Board, Search and Secure and light maneuver.

Eastmincom spokesperson Maj. Ezra Balagtey said the coordinated patrol is covered by a border agreement since 1975. The event this year is already the 31st coordinated patrol.

T h i s t i me, B a l ag te y said, it will become more strengthened because of the common problem of terrorism. (Lilian C. Mellejor/ PNA)

Telecom... from page 2

enterprise and provides big job opportunities.

“In today’s interconnected world with the rise of social media, web-based businesses and a global supply chain using the internet, such investment in telecommunications by TierOne in the ARMM will make the region more integrated and plugged into the rest of the country, while allowing the region to access and compete in the burgeoning ASEAN economy, as well as, the global market,” said Mastura.

ARMM Regional Governor Mujiv Hataman lauded the RBOI and TierOne for working hand in hand to push forward the project despite initial frustrations and setbacks.

“Since t he R e g iona l Te l e c o m m u n i c a t i o n s Commission is directly under the Office of the Regional Governor, we will work to make the project a reality in the ARMM,” Hataman said.

(EOF/PNA)

Nickel... from page 3

barging operations in-house.

As a result, Bravo said, main mining costs were reduced by as much as 30 percent.

“Our diligent implementation of tactical and strategic moves enabled us to remain profitable and maintain our position as a leading low cost producer,” he said.

“But our work is not yet done. Moving forward, we would like to commence production at our Palawan mine site; develop and upgrade existing resources and reser ves within the Cagdianao deposit areas; evaluate and selectively pursue value-added opportunities such as acquiring or entering into mining agreements or joint ventures, as well as downstream processing and vertical integration; and diversify into other minerals and other metals,” he noted.

Looking to the future, Bravo said, FNI is “well positioned to take advantage of the projected rebound in nickel prices as well as the increased demand for stainless steel due to Asia’s rapid urbanization and the

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 43 Cagayan de Oro City OFFICE OF THE CLERK OF COURT & EX-OFFICIO SHERIFF

growing preference for the use of electric vehicles.”

A 3 percent annual growth demand was projected for nickel in the world market from 2017 to 2020. (PNA)

Batas... from page 4

from the point of view of spirituality---of listening to God’s Word and obeying His commands---would surely cause more deaths and destruction to come mankind’s way.

-ooo WATCH “ANG TANGING DAAN” AT FACEBOOK: Please watch “Ang Tanging Daan”, a Bible exposition and prayer session for everyone, in English and Filipino, at w w w. f a c e b o o k . c om / angtangingdaan. Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

Cimagala... from page 4

parables of sower and the seed, the tenants in the vineyard, and the different images he taught about the Kingdom of God. We need to trade and make a gain and an increase of what we have received from God. Our fruitfulness will depend on our proper detachment from things so we can be filled with nothing else than God himself and his power, wisdom and all other good things in abundance.

This is when we can truly gain by losing! roycimagala@ gmail.com

Hurst... from page 4

to start leading your life and protecting your real wealth.

It’s only when you ask Him to take full charge of your heart

TRANSFER CERTIFICATE OF TITLE NO. T- 14793 Lot Lot 177-B-1. Psd-10-044429 Portion of Lot : Lot 177-B, (LRC) Psd-145741 Boundaries : NE.. Line 1-2 by Lot 174

Line 2-3 by Lot 716, both of Cad 295

SE., line 3-4 by Lot 177-B-2, Psd-10-044429

SW.. line 4-5 by Lot 178.

NW„line 5-1 by Lot 175, both of Cad-295 Beginning -from a point marked “1” on plan being S., 73 den., 59’E., 382.82 N. from BLLM No. 1. Cad. 295. Gingoog Cadastre.

AREA: : ONE HUNDRED THIRTY THREE (133) Square meters more or less All sealed bids must be submitted to the undersigned on the above stated date and time.

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

The prospective buyer/s may investigate for themselves the title of the herein described property/propties and the encumbrances thereon, if any there be.

Gingoog City, July 4, 2017.

FOR THE EX-OFFICIO SHERIFF

BY: (SGD.) FLORA C. PEREZ

Sheriff IV

RTC-Branch 43

Gingoog City BWM: July 7, 14 & 21, 2017

Moody’s... from page 5

terms of budget execution I don’t think the Philippine government has proven that they can completely address the underspending.”

Moody’s is maintaining its stable outlook and sovereign rating (Baa2, stable) for the Philippines and it will keep for the next 12 months at least.

De Guzman however said that they did raise the country’s political risks from a score of Low to Low+.

The Marawi crisis and the Martial Law on the whole of Mindanao are domestic political risks that could “challenge institutional strength and economic growth.”

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

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 EXTRA-JUDICIAL SALE File No. 226-2017 Upon Extra-Judicial petition for sale under Act 3135 as amended

by Act 4118, filed by HOME DEVELOPMENT MUTUAL FUND (Pagibig Fund) with Branch office address at Pag-ibig Fund Bldg. J.R. BoIja St., Cagayan de Oro City, represented by its Dept. Manager Reynaldo P. Cue. against SANTIAGO G. GALLANA married to DOREZA A. GALLANA, both of legal age, Filipino citizen, with resident of P-1, Mercado Avenue, Barangay 23, Gingoog City, Misamis Oriental, to satisfy the Mortgage indebtedness which as of March 8, 2017, have amounted to NINE HUNDRED SIXTEEN THOUSAND FIVE HUNDRED SEVENTY FIVE PESOS PESOS AND 98/100 (P 916,575.87) Philippine Currency, inclusive of interest and penalty charges as of March 8, 2017, excluding foreclosure expenses and other monetary obligation. The undersigned Sheriff will sell at Public Auction on September 4, 2017, to the highest bidder for CASH at 9:00 o’clock in the morning to 4 o’clock in the afternoon at the Office of the Clerk of Court, Branch 43, Regional Trial Court. Dugenio St., Gingoog City, the foIlowing properties with the improvements existing thereon, to wit:

and way of living everyday that you can start enjoying the life of success and peace of mind you want. That’s when Jesus will get back for you what the fear of others’ opinions took away. Just Think a Minute…

NOTICE OF EXTRA JUDICIAL SALE EJF File No. 2017-183 Upon Extra-Judicial Petition for Sale under Act No. 3135 as amended by Act No. 4118, filed by NATIONAL HOME MORTGAGE FINANCE CORPORATION (NHMFC), as Mortgagee/s, against PRIMIOLINDO ALBA JAMPAS married to VIRGINIA T. JAMPAS as mortgagor/s, with postal address at Youngsville Subdivision Ph. 1, Lot 27, Block 33, Narulang, Igpit, Opol, Misamis Oriental, to satisfy the mortgage indebtedness which as 04/30/2016, amounted to Php633,215.12, undersigned Sheriff will sell at public auction on July 27, 2017 at 10:00 in the morning to 4:00 in the afternoon, at the Office of the Clerk of Court, 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, to wit:

TCT No. T-170319-24 “A PARCEL OF LAND (Lot 27, Block 33, of the Cons. Subd. Plan, PCS-10001089, being a portion of Lot 3507-B to E (LRC), PSD-211999), situated in the Barangay of Igpit, Municipality of Opol, Province of Misamis Oriental, Island of Mindanao, containing an area of One Hundred (100) sq. m. more or less.xxx All sealed bids must be submitted to the undersigned on the aboved 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 encumbrances thereon, if any there be.

Done this 19th day of June, 2017 in the City of Cagayan de Oro.

(Sgd.) ENRIQUE M. TALAG, JR Sheriff IV

BWM: July 7, 14 & 21, 2017

11

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friday|july 7, 2017

Airport... from page 12

carriers to Asian destinations such as China Airlines (Taipei, Taoyuan), Silkair (Singapore), Tigerair (Singapore), and starting this July, XiamenAir (Fuzhou, Xiamen). Silkair a ls o s e r v ices domest i c connecting flights from Cebu.

This year, it welcomed new flights from Hong Kong Express and Pan Pacific Airline.

A r unway extension project started in 2015 has extended the KIA’s runway to 2,187 meters to comply with international standards, part of a long term P6-billion airport development project.

KIA’s runway length has been extended to 2, 560 meters, though not yet open for operations and as yet published in its AIP. As of 2016, Aklan’s 1.9 million annual passenger traffic, P53-billion revenues and 15,142 flights makes it the top ranked airport in Region VI per Dept of Tourism statistics.

The Potential for More Passengers Budiongan expects Laguindingan Airport to exceed the 1.9 million passenger threshold by this year’s end. A Gate 3 is in the works to accommodate Business Class passengers of PAL and moving the Duty Free Shop beside Gate 1 can open up space for an additional 100 passengers.

He cites how with basically similar runway facilities and passenger terminal building, KIA was already able to attain that volume servicing A320 and A321 aircraft.

“Even the Instrument Landing System (ILS) which we lobbied so hard for in the past is now only used as our back up system since domestic airliners are already using the newer and more efficient Performance Based Navigation (PBN) system since 2015 when the airport was certified for Required Navigation Performance (RPN) systems,” Budiongan said.

“Wit h t hes e pres ent facilities servicing the same types of aircraft already deployed on present routes, we can attain a significant increase in passenger volume of up to an additional million passengers even on a 50 percent load factor if the available 18 slots for additional flights are taken up by regularly scheduled and charter flights by domestic and foreign airlines, especially from China and Russia,” he added.

Globally Known Destinations However, Budiongan stressed that while the success of KIA can be mainly be attributed to the attraction of its prime tourist destination, Boracay, (accessible by van and ferry through Caticlan) not all the tourists and visitors going through KIA proceed to Boracay.

“It’s equally important we make our flagship destinations better known in social media and at par with foreign destinations in Asia,” he said.

“The region has excellent upland developments and beach resorts which can be easily accessed through Laguindingan Airport and emerging big ticket destinations such as the Seven Seas Waterpark and Resort would endear our region even more to domestic and even regional tourists looking out for sand, surf and sun.”

It’s only when existing and emerging tourist destinations, packaged by domestic and foreign tour operators, gain parity in the social media and the highly competitive digital tourism market, that foreign airlines would consider Laguindingan worthy of the passenger traffic it can generate for their business.

Davao... from page 1

reassess their current price levels, the market outside Mindanao would not be encouraged to invest in the city, especially with the martial law declaration in the country’s south.

“Investors from Manila now are on a watch-andobserve (attitude),” he said.

Davao City residents account for half of the total number of condominium buyers, while 40% of the total are from other parts of Mindanao who have family or business or interests in Davao, and 10%, from elsewhere.

The 10%, he said, made investments mainly “because of the promise (of the administration of President Rodrigo R. Duterte) that it will implement key

infrastructure projects like railway systems to hasten the economic development of the city.”

Davao is Mr. Duterte’s hometown, where he served as mayor for over two decades.

“In our research on the real estate market for 2017, it cited that Davao will be in the limelight because of President Duterte,” he said.

However, with all the promised infrastructure yet to be realized, current prices -- some of which are higher than in Metro Manila’s neighboring areas such as Laguna, Cavite and Bulacan -- are more speculative than realistic.

“For example, if you will buy a property with no MRT (Metro Rail Transit) and no LRT (Light Rail Transit) yet, as these are major infrastructures that we consider... we can get a property for less than P50,000 per sq.m. and that P50,000 is already expensive,” Mr. Yu said.

OFFICE SPACE The office space sector, Mr. Yu said uptake remains positive as investors still see that “business is just going as usual” despite the imposition of martial law.

Two weeks ago, he said, a Canadian company has signed up to lease two floors of an office building in the Lanang area.

“That’s despite the martial law, meaning to say if these foreigners and Manileños will only able to experience what the local Davaoeños are actually experiencing here,

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region BRANCH 07 Tubod, Lanao del Norte In the Matter of Petition for Commission As Notary Public.

Pet. For. Not. Com. No. 042-07-2017

Atty. Myraflor L. Opay-Armas,

Petitioner.

X------------------------------------------------------/ ORDER A petition for commission as Notary Public was filed before this Court on June 23, 2017 by the herein petitioner, Atty. Myraflor L. OpayArmas. She alleges that she is a Filipino citizen, born on September 10, 2017, married and resident of Bag-ong Dawis, Baroy, Lanao del Norte.

She holds office at OPAY and ASSOCIATE LAW OFFICE, Room 1, 2nd Floor, OPAY Building, Poblacion, Tubod, Lanao del Norte with Contact Number 09177220289. That she is a new member of the Philippine Bar having been admitted by the Supreme Court on May 23, 2017 under Roll of Attorneys No. 66971. That she is a member of good standing of the Integrated Bar of the Philippines-Lanao del Norte Chapter and has paid his IBP Annual Membership dues for CY 2017 and IBP No. O.R. No. 004834, Pasig City on May 15,2017 and her tax for the practice of her profession under PTR No. 3122198, Tubod, Lanao del Norte on May 24,2017. That she has not convicted of any crime involving moral turpitude. That she has not been convicted for the same term as Notary Public elsewhere by another Executive Judge as this is her first time to file a petition for notarial commission. That she is a new lawyer, having hurdled the 2016 Bar Examination and admitted to the practice of law on May 23, 2017, thus, she need not comply with the mandatory Continuing Legal Education (MCLE) requirement imposed by the Supreme Court. That she hereby undertakes to regularly submit her notarial reports to the Honorable Court through the Office of the Clerk of Court. That she submitted to this Court the necessary documents,( three (3) specimens of her signature etc.) to support her petition.

Set the summary hearing of the petition to August 25, 2017 at 8:30 in the morning before the sala of this Court. Let Notice of Hearing be published at a newspaper of general circulation for three (3) consecutive weeks at the expense of the petitioner. The Civil Case In-charge is directed to post copy of the Order at the Bulletin Board of this Court.

Furnish copy of this Order to the Court Administrator of the Supreme Court of the Philippines at Padre Faura St., Manila and to the petitioner, Atty. Myraflor L. Opay-Armas who is holding office at 2nd Floor, Opay Bldg., Poblacion, Tubod, Lanao del Norte.

SO ORDERED. Tubod, Lanao del Norte.

June 30,2017.

BWM: June 30, July 7 & 14, 2017

(SGD.)DENNIS P. VICOY Acting Presiding Judge

which is without any hype or exaggeration,” he said.

Nonetheless, Mr. Yu said he has noted a significant decline in Davao’s inbound travelers.

“It is my first time (on this trip) to book a plane that’s not 100% or 90% occupied.

All the while this year, every month I traveled back and forth in Davao, only this month I encountered that it’s 30%,” he said.

Mr. Yu said one of their main goals for Davao this year is to learn more about the market and get a better understanding of how real estate and businesses work in the city.

“For this year, we have not set a definite (income) target yet... After our midyear business planning this week, we might set a specific target despite that we’re just under explorator y stage because we’ve been closing deals already, so I think it’s a good sign,” he said.

Equal...

from page 1 including Davao del Norte”.

“Use the money to uplift the lives of your people and realize that great potential,” he added.

He , h ow e v e r, a s k e d the Dabaonons to remain committed to the continuing war against illegal drugs, corruption, criminality and terrorism,” and he appealed them to stay united and EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE DECEASED MAJORIE B. PADLA WITH DEED OF ABSOOLUTE SALE Notice is hereby given that the intestate estate of the DECEASED MAJORIE B. PADLA who died on August 15,2014 in Cagayan de Oro City without leaving any last will and testament, at the time of her death, is the conjugal owner of a parcel of land situated in Upper Carmen, Cagayan de Oro City; TCT No. 137-2011003990, Lot 3, PCS-10-003833 containing an area of Three hundred Forty One (341) SQ. M. more or less; The legal heirs or sole heirs of the deceased MARJORIE B. PADLA is the subject of ExtraJudicial settlement of the Estate of the Deceased MARJORIE B. PADLA with Deed of Absolute Sale; is made and executed by and among; AGUSTIN RIZALINO P.PADLA, of legal age, Filipino, widower and a resident of 11 Links Lane St., Cluster 7, Pueblo Golf estate, Canitoan, Cagayan de Oro City, and the surviving husband of the deceased; ANDRE B. PADLA, of legal age, Filipino, single and a resident of 11 Links Lane St., Cluster 7, Pueblo Golf Estate, Canitoan, Cagayan de Oro City and the surviving son of the deceased; That for and in consideration of the sum of ONE MILLION PESOS (P1,000.000), receipt in full of which is hereby acknowledged from the VENDEE, IRENE B. PADLA, of legal age, Filipino, single and a resident of Upper Carmen, Cagayan de Oro City. We, the HEIRS OF MARJORIE B. PADLA, do hereby SELL, TRANSFER, and CONVEY, to the VENDEE, her Heirs and assigns, the above-described property covered by TRANSFER CERTIFICATE OF TITLE NO. 137-2011003990 including all the improvement found therein. Under Notary Public of ATTY. MARIO T. JUNI, As per Doc. No. 101; Page No. 21; Book No. 189; Series of 2017.

BWM: June 30, July 7 & 14, 2017

steadfast against evils that threaten peace.

Meanwhile, President Duterte expressed faith that the leadership of Provincial Governor Anthony G. Del Rosario will continue to spur development, making Davao del Norte the fastest growing province in Mindanao.

He foresaw the province to get at par with the top growing provinces in the country, citing the vast resources of the province with its “strong and resilient people”.

President Duterte graced the 50th Founding Anniversary Program that the Provincial Government of Davao del Norte held at a mega-tent set up in-front of the Provincial Capitol to accommodate the large number of people.

His visit was the major highlight of the founding day (July 1) of Davao del Norte

which shared the same day of golden jubilee with the provinces of Davao del Sur and Davao Oriental.

Heralding the day of the 50th founding anniversary of the province was the Diana around Davao del Norte that started at 3:00 A.M. The Alay DavNor Walk 2017 followed at 5:00 A.M., succeeded by street dancing dubbed as “Hudyaka”.

The festive merriment was put to solemnity when the Thanksgiving Mass was celebrated by Bishop Wilfredo Manlapaz of the Diocese of Davao, that ended past noon.

Meanwhile, the fireworks display that was set to burst at 8:00 P.M. was made to spurt early at 6:45 P.M. The festivity went on through the night with a variety show highlighted by the performance of artist Pilita Corales, among other Filipino artists.

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https://www.facebook.com/BusinessWeek.Mindanao Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 28 Mambajao, Camiguin IN RE: PETITION FOR CONSOLIDATION OF OWNERSHIP OF KATIBAYAN NG ORIGINAL NA TITULO P-14925, CIVIL CASE No. 2015-878 TRANSFER CERTIFICATE OF TITLE NO. T-2942 AND KATIB AYAN NG ORIHINAL NA TITLE P-14924 UNDER THE PACTO DE RETRO SALE, MIRAFLOR R. MACA ,

Petitioner, -versusEMERITA BLAKEMORE

Respondent.

x------------------------/ MOTION FOR RECONSIDERATION COMES NOW the Petitioner thru counsel and unto this Honorable Court most respectfully moves to reconsider the Order of dismissal of the above-entitled Petition and avers: 1. That on January 30, 2017, the undersigned counsel was furnished a copy of the Order of this Honorable Court dated January 4, 2017, dismissing the above-entitled case for ‘failure to prosecute for an unreasonable length of time, pursuant to Sec. 3, Rule 17 of the Revised Rules of Civil Procedure’; 2. That without much ado, counsel exerted efforts to contact the Petitioner, only to find that the latter has just arrived from a long vacation from Dubai and other parts of the Middle East; 3. That Petitioner is still very much interested to pursue the further execution of the above-entitled petition and humbly request the kind indulgence of the Honorable Court to reconsider the dismissal of the above-entitled petition.

4. That Petitioner hereby promised and undertakes to the Honorable Court that she will comply the Order of Publication of the above-entitled Petition within the period of Thirty (30) days upon approval of this motion.

WHEREFORE, premises considered, it is most respectfully prayed of this Honorable Court that the Order dismissing this case be reconsidered and Petitioner be given an extension of Thirty (30) days upon approval of this Motion to have this Petition be published in the newspaper of general circulation.

RESPECTFULLY SUBMITTED. Cagayan de Oro City for Mambajao, Camiguin, February 7, 2017.

LAW OFFICE RAAGAS TALLEDO PAJO RAAGAS 2/F Acersyant B.S. Bldg., R.N. Pelaez Blvd., Zone 2, Kauswagan, Cagayan de Oro City Email: rudyprostalledo12@gmail.com Contact Cell: 09753060837 By:

(SGD.) RODRIGO D. TALLEDO, SR. PTR NO. 3376138 01-19-17 Cagayan de Oro City Roll No. 43330 IBP O.R. No. 1059498 01-06-17 TIN NO. 114-751-435 MCLE Compliance No. V- 0000904 October 11, 2013, Cagayan de Oro City NOTICE OF HEARING

THE CLERK OF COURT This Court Greetings: Please be informed that the foregoing Motion will be submitted to the Honorable Court for its kind consideration sans apprearance of counsel.

Thank you very much.

(SGD.) ATTY. RODRIGO D. TALLEDO, SR. BWM: July 7, 14 & 21, 2017

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Friday | July 7, 2017

Pontefino Estates introduce St. Francis Heights T

By MARK FRANCISCO

HE management of Batangasbased Pontefino Estates introduced St. Francis Heights to key stakeholders during its soft launch last June 28 in Cagayan de Oro City.

Located at a fourhectare enclave along Mastersons Avenue in upper Carmen, St. Francis Heights will feature 305 Victorian-inspired homes once finished.

According to Pontefino Cagayan de Oro general manager Voltaire Antonio Flores, St. Francis Heights will just be the initial offering of the 40-hectare wide Pontefino Estates, which will become the biggest residential development in uptown Cagayan de Oro. “So why choose St. Francis? Because our homes are all Victorianinspired. It’s like experiencing everyday in England without necessarily being there,” Flores quipped.

Each home features not just one but two car docks, three bedrooms in the

second level and one own bedroom for the househelp at the ground level.

St. Francis Heights gives focus to a wellbalanced and holistic lifestyle through open spaces and varied exclusive amenities that engage residents to enjoy the routine of personal health and self-care.

Peaceful and within a calm environment, the nurtured community is cultivated by a privileged experience of surrounded security and privacy, a quiet suburban life and a strategically mapped location that is a quick ten-minute walk from recreational venues.

It features a clubhouse with multi-purpose hall and meeting room, swimming pool with sunken deck, playground, basketball court, 24-hour security and streetlights.

Laguindingan Airport can accommodate more flights, passengers and cargo

By Mike Baños

T here are no facility constraints at Northern Mindanao’s Laguindingan Airport that hinder the flow of more passenger and cargo traffic to and from the region.

Jose G. Budiongan, airport and area manager for the Civil Aviation Authority of the Philippines (CAAP) Area X,

said that while Laguindingan Airport’s passenger terminal building already exceeded its design capacity of 1.6 million people annually four years ago, the airport still has available slots during other times of the day to accommodate more flights.

“Every day from 12MN

to 5AM we have no flights so we can accommodate about 3 flights an hour or 15 additional daily flights for this particular period,” Budiongan said. “We also have only one flight from 8-11AM daily and we can accommodate another 3 flights during this time.”

Even with the airport’s existing 2,100 meter long

Combi Tower 2 is home to seven of Seven Seas Water Park many rides

runway, Budiongan said it has already been comfortably servicing Philippine Airlines new Airbus A321-231 aircraft which can accommodate 199 passengers in 3 classes (business, premium economy & economy) each flight.

The even newer A321neo which airlines will soon deploy in domestic operations can accommodate up to 240 passengers and travel up to 6,850 kms. with sharklets, greatly increasing the radius of tourist/passenger markets which can be serviced by Laguindingan Airport.

“Utilizing larger aircraft will not only help meet demand for passenger air travel and logistics to move cargo across the country, but also allow more travelers to avail our year-round lowest fares,” said Atty JR Mantaring, Cebu Pacific Vice President for Corporate Affairs.

In fact, Cebu Pacific is fielding eight additional weekly flights between Manila

and Cagayan de Oro by July 4th, bringing the current 55 flights per week to 63. That will translate to over 2,800 more seats for flights to and from Manila and Northern Mindanao.

“The capacity expansion will mean more flights and more travel options for everyJuan. We are optimistic that this will make air travel more affordable and more accessible to a greater number of travelers,” Mantaring added.

K I A : Te m p l a t e f o r Successful Regional Airport Development Budiongan cites the experience of Kalibo International Airport (KIA) in Aklan as an example of how an airport with facility limitations can maximize its potential.

Just seven years ago when it had even more limited facilities such as a small passenger terminal building and 1,300 meter

runway, KIA was already the fastest growing airport in the Philippines with 50% passenger volume growth in 2010 and the second fastest growing in terms of seat capacity by June 2014 over the previous year (+20%).

That’s because it’s the third busiest in the Philippines behind only Manila and Cebu and 4th overall in terms of total domestic and total domestic/foreign flights.

KIA has been made a regional operations hub of PA L , C e bu Pa c i f i c , AirAsia Philippines and PAL Express. In addition to its domestic flights, PAL also operates regular flights from Busan, charter flights from Guangzhou, while PAL Express operates charter flights to Shanghai and Pudong. AirAsia Philippines operates regular scheduled flights from Seoul and Busan.

It operates regular and charter flights by foreign airport/PAGE 11