Skip to main content

BusinessWeek Mindanao (July 8, 2016)

Page 1

BusinessWeek MINDANAO

WE ACCEPT

TARPS

STICKERS BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VII, No. 014

Market Indicators As of 6:21 pm july 7, 2016 (thursday)

FOREX

PHISIX

US$1 = P47.040

7,753.46

14.0 cents

X

54.67

X

points

Briefly Anflo City TAGUM City -- A city within a city. The Anflo Group of Companies will be developing the first Asian Agri-Tourism City in Panabo City. To be dubbed as Anflo City, the mixed used development project will be located in a 88-hectare lot in the city traversing barangays San Pedro and Cagangohan. Damosa Land Inc Vice President Ricardo Lagdameo bared that the central business district project will have spaces for residential, commercial, agri-tourism and education or institutional.

Bureaucratic streamlining HEADS of the offices and departments of Cagayan de Oro City government convened recently to discuss the plans of the local government. The strategic planning of the department heads of City Hall are based on Mayor Oscar Moreno’s way of governing the city known as bureaucratic streamlining. Moreno said that the streamlining of the offices in City Hall is significant in providing effective and high-quality public service to the people conforming to the principle on orderly governance. The administration’s big step is still centered on the outlook and direction of its 8-point agenda dubbed as Peace and Order Poverty Alleviation, Revenue Generation, Infrastructure, Metropolization, Education and Environment, Health and Hospital Services, Agricultural Productivity, and Traffic, Transportation and Tourism (PRIMEHEAT).

2014 ppi’S Best in ENVIRONMENTAL Reporting

Corporation

P15.00

0915-563-6246

Renewed biz confidence ups M’nao investments www.businessweekmindanao.com

Friday | July 8, 2016

By LILIAN C. MELLEJOR, Philippines News Agency

D

AVAO City -- The Bureau of Investments (BOI) is in a daze after a sudden rush in the number of businesses wanting to locate in Mindanao, particularly Davao with investment leads now amounting to a staggering P886.7 billion as of Monday.

END OF RAMADAN. A religious leader speaks before the Maranao community at the Don Gregorio Pelaez Sports Center in Cagayan de Oro City on Wednesday (July 6, 2016) to mark Eid’l Fit’r or end of Ramadan. MindaNews photo by Froilan Gallardo

This was disclosed by Gil Dureza of BOI in Mindanao, noting that the rush of investors started during the election period, but the surge was more notable after the polls. He said that for the month of June alone, Mindanao registered P799.81-billion investment leads. Of the total investment leads in Mindanao, Davao City cornered P6.3 billion, Dureza revealed.

This year, the BOI report showed that Mindanao investments leads in January captured P88 billion; February, P9.312 billion; March, P2.07 billion; April, P5.922 billion; and May, P1.645 billion. “We have not experienced this phenomenon before. The prospect of…yung negosyong pumapasok before nasa (the investments coming in before was within) 10 to 12 million,” renewed/PAGE 11

Pilipinas Shell unveils P6-B depot in CdO By MARK D. FRANCISCO, Staff Writer

THE new P6-billion depot of Pilipinas Shell Petroleum Corporation in Cagayan de Oro City will finally be inaugurated this July 19. Constructed since 2013, the facility is expected to accommodate petroleum imports consisting of motor gasoline, diesel and jet fuel with a total capacity of 170,000 cubic meters storage at any given time. T he proj e c t di re c t ly a d d re s s e s t h e g row i n g power and energy needs of the Visayas and Mindanao

regions, according to a press statement released by the company. It will serve as an additional source p oint of f u els t hat c an be distributed to smaller dep ots in t he are a and will increase local storage capacity for finished petroleum products. This new import facility in Northern Mindanao is expected to boost activity at t he Por t of C agayan de Oro after most of its cargo clientele have shifted operating at the nearby

Mindanao Container Terminal located in the adjacent municipality of Tagoloan, Misamis Oriental. Pilipinas Shell operates a refinery, 22 oil depots and over 960 retail stations nationwide. Its sole refinery blends and transports a range of fuels, lubricants, bitumen and other specialty oil-based products with a refining capacity of 93,000 barrels per day. Its sister company Shell Philippines Exploration B.V. operates the Malampaya deepwater gas-to-power project in Palawan.

LAST DAYS OF SUMMER, Tourists enjoy the turquoise-colored waters of Sugba Lagoon in Del Carmen, Siargao Island as the summer ends and the rainy season begins. This quite place has become a must-visit for every tourist in the island. To get here, one has to cruise through a vast expanse of mangroves. Photo by Roel N. Catoto

Coconut farmers tied Homegrown Geo Gas opens second outlet to traditional products By MARK FRANCISCO, Staff Writer

THE homegrown fuel distribution outlet Geo Gas has opened its second branch in Cagayan de Oro located along RN Pelaez Boulevard, Zone 1, in barangay Kauswagan. Geo Gas is owned by the Gordiel family. The first outlet was established on July 6, 2014 just near the family-owned Country Village Hotel in Villarin St., Carmen, this city. Exactly two years later, then chief operations officer Charmaine Gordiel decided outlet/PAGE 11

By ANTONIO L. COLINA IV, MindaNews

Geo Gas has opened Wednesday its second outlet in Brgy. Kauswagan, Cagayan de Oro City. PHOTO BY MARK FRANCISCO

DAVAO City -- Most coconut farmers are stuck to producing charcoal and copra and have not ventured into other food and non-food coco-based products that offer higher returns, an industry leader said Tuesday. Reynaldo Go, chair of the Davao Region Coconut Industry Cluster Inc. told

reporters that most farmers only take the meat and the shell and throw away the water and husk which could be sold, too. “They only know about copra and charcoal while the water is thrown away… The reason why they are converting their coconut farmers/PAGE 11

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


BusinessWeek MINDANAO

2

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

friday|JUly 8, 2016

Economy

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

Power company patronizes local suppliers in building Manolo Fortich Hydros

B

UILDING the 68.8MW Manolo Fortich Hydropower Project in Bukidnon takes part in the economic growth of the province by providing lo c al employ ment and patronizing local suppliers. Hedcor vice president Boy Jabonillo emphasized the need to help the people in the community where the power company operates. “We want to help them

grow. By patronizing our own, we are helping the economy to grow as well. We are helping the community to generate jobs,” he said. Some materials needed for the construction are directly ordered from local suppliers. “It is high time to acknowledge the best works of our local manufacturers. We are giving full support to the local manufacturers as they can compete with

the global market’s quality,” Jabonillo said. ESBE Industrial Builders & Contractors Corporation based in Davao and First Asian Metals Corporation based in Cagayan de Oro City, are supplying some 600 sets of Steel Ribs Support (SRS) for the 6-km tunnel that will connect Hedcor’s Manolo Fortich hydropower plants. Me anw hi le, a p ower

firm secured a license to excavate the tunnel from the local government units of Bukidnon. The Environment C ompliance C er tif icate from the Department of Environment and Natural Resources also grants the company for the excavation. The Manolo For t ich Hy d r o i s e x p e c t e d t o generate power by the third quarter of 2017, benefiting 10,000 households in

Mindanao. And, t his particular project generates about 800 to 1000 local jobs. He dcor is a w hol ly-

owned subsidiar y of AboitizPower that develops renewable energy source across the country. (Lloyd Revilla/Hedcor)

Two committees to tackle money matters T WO c om m itt e e s w i l l tackle financial concerns of Cagayan de Oro city. This is provided for in the House Rules of the 18th City Council, which was approved during its inaugural session on July 4 presided over by Vice Mayor Raineir Joaquin V. Uy. The committee on finance, budget and appropriations shall study, investigate, and report on all matters and measures, including but not limited to proposed ordinances or resolutions directing the payment of money or creating a liability against the city government. It is chaired by Councilor

E d n a M . D a h i n o w it h Councilor Teodulfo E. Lao, vice chair. Meanwhile, the committee on ways and means shall study, investigate and report on all matters and measures, including but not limited to the levy and collection of taxes, fees, charges for services rendered by the city or any of its department, branch or office; assessment or appraisal of real properties, donations, loans and other sources and forms of revenue. The committee on ways and means is chaired by Councilor George S. Goking with Councilor Zaldy Ocon as the vice chair.

Despite rains, some provinces still likely on drought forecast

Three OFW returnees receive livelihood starter kits under the Livelihood Development Program of Department of Labor and Employment (DOLE) National Reintegration Center for Overseas Foreign Workers (OFWs) (DOLENCRO-10). (From left) NRCO-10 coordinator, Ms. Marry Gil A. Damasing and (far right) DOLE –10 - Regional Director Raymundo G. Agravante together with recipients (from second left) Ms. Nimfa U. Amora, Bhilcen P. Padero and Ms. Charalyn P. Tolentino. (MDS/DOLE-10)

DAVAO City -- Despite the onset of rains, some provinces in Mindanao are still listed as likely to experience drought by end of July. According to PAGASA (Philippine Atmospheric, Geophysical and As t ron om i c a l S e r v i c e s Administration) forecast

the provinces of Davao del Sur, South Cotabato, North Cotabato, Sarangani, Sulu and Tawi-Tawi will still be on drought. Drought is defined as three consecutive months of way below normal rainfall condition (more than 60% reduction from average rainfall. Guesting on Kapihan sa Philippine Information Agency media forum at the PIA-XI office in Davao City last July 1, Raul Montilla, weather observer of the PAGASA Davao Station, El Nino is in its neutral stage. Montilla said the recent rains and cloudiness is b r o u g ht a b o u t by t h e presence of the Intertropical Convergence Zone (ICTZ). However they are monitoring for the onset Forecast/PAGE 11


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

CorporateWorld

Ford sales surge in Jan.-June

F

ORD PHILIPPINES said on Tuesday its retail sales jumped 61% in the first six months of the year, driven by strong consumer d emand for the Ranger, Everest and EcoSport vehicles. In a s t ate m e nt , t h e local unit of multinational automa ker Ford Motor C ompany said it has delivered 2,808 units in June, climbing 50% monthly, as year-to-date sales delivered 16,769 units. “Consumer confidence and discretionary spending continue to be fairly strong,

and our full lineup of Ford vehicles is helping attract a wide range of Filipino customers to our showrooms across the country,” said Ford Philippines Managing Director Lance Mosley, as quoted in the statement. The Everest mid-sized SUV sold most for last month alone, delivering 1,054 units in June while selling 6,961 units year-to-date. According to the statement, the EcoSport compact SUV also gave its best monthly performance for 2016, reporting an 11% increase since last year with

be holding an introductory P599 all-in seat sale for these new routes from July 5 to 7, 2016 or until seats last. The travel period is from Nov. 19, 2016 until March 31, 2017. The lowest all-in yearround fare, one-way for Cebu to Calbayog is P1,927, Cebu to Ormoc is P1,591 and Cebu to Roxas is P1,983. In 2015, over 4.4 million passengers were flown to and from Cebu. Cebu routes covered about 24.5 percent of CEB’s seat capacity for

in Aseagas at P0.83 each, and 654.300 million redeemable preferred shares at P0.83 each. “The addition of Aseagas and biomass technology intensifies AboitizPower’s efforts in expanding our renewable energy portfolio. We a r e e x c i t e d a b o u t biomass and we hope to build more capacity through this technology,” Antonio R. Moraza, AboitizPower president and chief operating officer, was quoted as saying in a separate statement. AboitizPower is targeting to increase its attributable net sellable capacity to 4,000 MW by 2020. The acquisition marks AboitizPower’s entry into biomass technology. Aseagas’

3

2014 ppi’S Best in ENVIRONMENTAL Reporting

friday|JUly 8, 2016

RESORTS, HOTEL & RESTAURANTS DIRECTORIES

BusinessWeek MINDANAO Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

Algen’s Dive Resort (088) 3872015

852 units delivered. Likewise, EcoSport also inched its sales by almost 6% to 4,367 units for the first half of the year.

The Ranger pickup truck sold 629 units in June, with 3,972 units delivered yearto-date.

2015. CEB Vice President for Corporate Affairs JR Mantaring said that with the additional routes in and out of Cebu, more guests could travel and visit scenic spots in the Visayas region. “We will continue to expand our reach that will cater to our valued guests and boost trade and tourism agendas in the destinations that we operate in,” Mantaring said. With the addition of the

three new routes, CEB has now 25 domestic routes in Cebu which will cater to the ever-increasing travel demand. Aside from Cebu, CEB also operates flights out of five other strategically placed hubs in the Philippines: Manila, Davao, Clark, Kalibo, and Iloilo. The airline’s extensive network covers over 90 routes and 64 destinations, spanning Asia, Australia, the Middle East, and USA.

AboitizPower makes 1st foray into biomass ABOITIZ POWER Corp. on Tuesday said it acquired affiliate Aseagas Corp., which is developing an 8.8-megawatt (MW) biomass energy facility in Lian, Batangas, from parent company Aboitiz Equity Ventures (AEV), adding to its portfolio of renewable energy projects. In a disclosure to the stock exchange, AboitizPower said its subsidiary Aboitiz Renewables, Inc. acquired all the equity interests of AEV in Aseagas for P605 million. Aboitiz Renewables is the listed company’s holding firm that houses its investments in renewable energy. The deal, which was completed on July 4, involves AboitizPower purchasing 72.71 million common shares

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

A PUBLIC SERVICE BY:

Cebu Pacific to roll out 3 more routes in Visayas TO boost its presence in Eastern and Western Visayas, low-cost carrier Cebu Pacific on Tuesday will be rolling out three more routes in the region starting Nov. 19. Flights include daily flights between Cebu and Ormoc, Leyte and Cebu and Roxas City; and four times weekly (Tuesday, Thursday, Saturday and Sunday) between Cebu and Calbayog City using ATR 72-500 aircraft. Along with the launch of new routes, the airline will

BusinessWeek MINDANAO

biomass power plant is expected to start operating and delivering power to the Luzon grid before October 2016. “We have always expressed that Ab oitizPower will continue pursuing renewable energ y as long as it is available and viable; this project is a testament to that commitment,” Mr. Moraza added. Aseagas’ first biomass facility will use and convert the organic effluent of its partner Absolut Distillery, Inc. into clean and renewable energy, AboitizPower said. It can power about 22,000 households while producing 33 tons per day of liquid carbon dioxide for the industrial and beverage

industries. AboitizPower and its partners currently have a net sellable capacity of 3,350 MW, of which 38% comes from renewable energy power plants. It owns distribution utilities that operate in high-growth areas in Luzon, Visayas and Mindanao, including the second- and third-largest private utilities in the country. Juan F. Alfonso, Aseagas chief operating officer, said the “strong partnership” between his company and Absolut Distillery would ensure the sustainability and continued operations of the biomass facility in Batangas. “During the 24-month construction period, the team was able to reach the safety milestone of 1 million hours without lost time incident. We look forward to full operations of the plant within this year,” Mr. Alfonso said.

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

Greenwich SM City Cagayan de Oro introduces the all new Baconified Cheesified pizza before media and bloggers of Cagayan de Oro. PHOTO BY MELROSE CODILLA

CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

Apple Tree Resort & Hotel 735411 / 754525 Fax: 754497 0917-7144040 / 0923-3269366 / 0939-9076948 Bahay Bakasyunan sa Camiguin (088) 3871057 / 3870131 Fax: 3870278 Basamanggas Resort 08822-760564 Fax: 760565

Philtown Hotel 726295 / 8564402 Fax: 723104 Pryce Plaza Hotel 8583131 Fax: 726687 Prawn House (088) 3095992 Fax: 8519219 Ridge View Chalet 8588946 / 8587946 Fax: 8588946 Seda Centrio Hotel 32288888 Southwinds Hotel 724803 / 8562036 Fax: 8562036

Cagayan Riverview Inn 8584245 / 729039 Fax: 8584245

Stargate Dream Vacation Resort 8515003 / 8509999

Casa Crystalla 8561704 / 722465 Fax: 722480

The VIP Hotel 726080 / 8562505 Fax: 726441

Casa Isabella (088) 8564065 Casa Azucena 8563402 / 09236593973 Chali Beach Resort 732840 / 8552108 Fax: 8555941

RED PLANET 8800888/8801306

Chananthon Bed & Breakfast 8568189 / 3093095

Villa Paraiso Apartelle 3870419 Fax: 3870429

Country Village Hotel 8583004-06 Fax: 8583006

HONORARY MEMBERS: Dept. of Tourism 723696/726394 / 8564048 Fax: 723696 RESTAURANTS: Bigby’s Café 72-1071/857-5511/8575836 Fax: 711843

D’Budgetel 8564200/726643 Fax: 8564300 Dahilayan Forest Park 8568562 to 63 De Luxe Hotel 8572144 / 724548 Fax: 724563 Discovery Hotel 727814 / 8563896 Fax: 8563897 Duka Bay Resort (088) 3312290 Fax: 725265 Dynasty Court Hotel 8574802 Fax: 857900 Grand City Hotel 8571900 / 728469 Fax: 723718 Hotel Conchita 8563856 / 727355 Fax: 8563857 Hotel Koresco 8589749-50 Fax: 8589748 Hotel Sogo 8520383 Kingston Lodge 8585696 Fax: 8585696

Travelers Pod 8518988 Uptown Condotel 8511800

Café Laguna 8582999 Fax: 8567001 DM Villaruy Restaurant 733790 Golden Ajirang I 856-5271 Fax: 727876 Grand Caprice Restaurant 72-6955/856-2302 Fax: 72-4986 Kagay-anon Restaurant 728958 / 8563688 Fax: 8563843 / 729003 La Ilongga Restaurant 72-6183 / 857-3652 Fax: 72-4605 Missy Bon Bon 8566852 / 09228606442 Fax: 8566852

Mapawa Natures Park 8584402 Fax: 725265

SLERS Ham & Café 8551438

Mallberry Suites 8541999 / 7249999 Fax: 8544999

Thai Me Up 738424/3108424 Fax: 738424

CDO MAIN BRANCH Maxandrea Hotel P & J Lim Bldg., Tiano Brothers 8572244/729943 Fax: Kalambagohan Sts., 724090 Tel. # (08822) 727-829 *

Miami Telefax #Inn (088) 856-1947 8581901 to 02 Fax: 725279/728486 CAMIGUIN BRANCH B. Hotel Aranas St., Poblacion, N Mambajao, (088) 8801924Camiguin Tel. # (088) 387-0491

Paras CORRALESBeach BRANCHResort 8568563 Fax: 8568563 Corrales Ave., Cagayan de Oro City

DIVISORIA BRANCH Barkadahan Grill Atty. Erasmo B. Damasing Bldg., 8551234 #61 Don A. Velez St., Cagayan de Oro City La# (088) Tegola Cucina Tel. 857-3631

Italiana

LAPASAN BRANCH 8585959 Lapasan Hi-way, Cagayan de Oro City limketkai luxe Tel. # (088) 231-6739

8800000

hotel

CARMEN BRANCH DearBlvd.,Cagayan manok de Oro City Vamenta 8564914 8573413 Tel. # (088)/231-2011


BusinessWeek MINDANAO

4

Opinion

2013 ppi’S Best in Business and Economic Reporting 2014 ppi’S Best in ENVIRONMENTAL Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

friday|JUly 8, 2016

BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

ALLAN mario MEDIANTE

Vice President for CorporateAffairs

Joe felicilda

Vice President for Administration

joe palabao

Vice President for Marketing

NELSON CONSTANTINO Editor-in-Chief

Cheng ordoñez

gilbert y. chao

Executive Editor

Motoring Editor JOEL ESCOL

BONG FABE

Feature Editor

Associate Editor

CLIFFORD SANTILLAN Layout Artist

JUN AYENSA

mel-rose codilla

Regional Editor Caraga

Advertising

ATTY. MARIO T. JUNI

Cris diaz mike baños Uriel quilinguing Contributing Editors

Cell No: 09352379999

Juni Law Office Cruz Taal St., CDO Legal Counsel

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

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

Member: Philippine Press Institute Oro Chamber

Men are from Mars Think a minute…Many marriages are not happy simply because the husband and wife don’t understand each other’s needs. Men and women are very different creatures! Remember the best-selling book, Men Are From Mars, Women Are From Venus? Last time we talked about women’s needs. So today, we’ll look at your husband’s needs. Number 1: A man needs passion—physical passion. But also a passionate wife who is fun and a good sport. Frankly, some wives are just plain boring. Other wives are so grouchy and always serious, that all they seem to do is nag and complain. Some of us could learn to laugh and lighten up! Not only will it cure our grouchiness and moodiness, but the atmosphere in many homes would definitely improve. Number 2: A man needs help in the home. And some men more than others. Just a neat house and tasty food. But we need to care enough to notice and give attention to our husband’s likes and dislikes. Remember the wellknown saying, “The tunnel to a man’s heart runs through his stomach!” And some tunnels are bigger than others. Number 3: A man needs to feel respected by his wife.

THINK

A Minute

Jhan Tiafau Hurst It doesn’t matter what his job is, our husband needs to know that we are proud of him in his own special strengths and abilities. So nagging him, criticizing him, and comparing him to other men not only hurts him, but it also hurts your marriage and life together. Friend, only Jesus Christ can help you change to become the wife your husband needs. Remember, your husband will never be perfect; he’ll still fail you sometimes. But Jesus will never fail you! He will always love, forgive and accept you. He will also give you His strength you need each day to love and respect your husband without conditions. And that’s when your husband will want to start changing and become the husband you need. Just Think a Minute…

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

Unsolicited advice for Duterte gov’t LIFE’S INSPIRATIONS: “… Work brings profit, but mere talk leads to poverty!” (Proverbs 14:23, the Holy Bible, NLT). -ooo LP IS SOUR-GRAPING: If the warning that both houses of Congress are once again being turned into a “rubber-stamp” legislature, ready and salivating to do every bidding of the Duterte government, did not come from the Liberal Party, I would have chimed in and agreed wholeheartedly. But coming from the party that was itself the prime “rubber-stamp” during the Aquino government, the warning was nothing but mere sour-graping. -ooo DELA ROSA SHOULD JUST SHUT UP? And now that the 48-hour deadline imposed by newly-installed Director General Ronaldo Dela Rosa of the Philippine National Police for ranking police officers who are sidelining as drug lords to surrender lapsed without anyone giving himself up, it is now his duty to name names, and perhaps even kill likewise, the generals he had implicated in the illegal drugs business. Otherwise, he should just shut up, too! -ooo UNSOLICITED ADVICE FOR DUTERTE GOV’T: By the way, here is an unsolicited advice for the Duterte government:

it maybe prudent for all of them at this point to refrain or altogether stop announcing grandiose plans such as ridding the country of crime, corruption, and of the drug menace in the first six months of their term, so that people will not get disillusioned with them if nothing happens by December 2016, and t h e re by e n c ou r a ge t h e t h o u g ht t h at t h e y a r e no different from their incapable predecessors, after all. -ooo QUESTION AND ANSWER: Rudy, a tailor from Tondo, Manila, asked me: “If a man beats his wife, whether legally married to him or is simply his paramour, he gets 20 years of imprisonment according to Republic Act 9262, or the law against violence against women. But if a woman beats her husband, she is to be jailed for only a period of 30 days or so. Why the discrimination?” Yes, I agree, there is a discrimination here. But then, as long as RA 9262 remains to be a law, there is nothing that husbands or male lovers can do with the stiff penalties when they beat their wives or paramours. My advice to men, therefore, is this: if you do not wish to be jailed for 20 years, stop being violent, even with your speech only. If you feel so

angry, bite your lips or your tongue until they bleed, to prevent you from hitting your wife. That notwithstanding, I concede that, for a very long time now, men had been ver y harsh against their wives and their lovers, beating them black and blue even for no apparent reason at all. I can only say that men like these wife beaters are not truly Christians or believers in God, because the teaching is that, men should always be gentle and loving, unless the wife is engaged in adultery. -ooo C H U R C H I S NECESSARY FOR SALVATION OF SOULS: Let me reiterate a point I raised in the column that preceded this item today: a church is a necessar y component of salvation for sinners, especially the Church that Jesus said He will build from the “east”, from a “far-off land” which, in reality, is the Philippines. In Matthew 16:18, Jesus s aid He w i l l bui ld His Church. This Church, He said, will be the Church of Salvation, because hell will not prevail against it. This means that a member of that Church will be saved, and will live with God in Paradise. It is therefore very important to be a member of that Church of Jesus in the Philippines. Why am I saying that

K akampi

Mo A ng Batas

Atty. Batas Mauricio the Church of Jesus will b e built by Him in the Philippines? B ecause of what Isaiah 46:11 said---that God (whose Name is Jesus) will be fulfilling His purpose (which is the preaching of the Good News that Jesus is God and Savior) by His calling His “leader” from the “east, from a far-off land”. This “east”, or this “far-off land”, is the Philippines, as we will show in succeeding columns. Continue reading this column, then! -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 H O U R S a d a y, i n t h e Philippines and the world at w w w. f a c e b o o k . c om / angtangingdaan or www. facebook.com/ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

Counter the inconsiderate trend I suppose everyone is familiar with this phenomenon. In the face of s omet hing ne w, our immediate reaction hovers first in the level of our senses and emotions. Then it goes to our intelligence. Only with some conscious effort can we start reacting in a spiritual and theological way. We need to give more thought to this disturbing fact, so we can have a more appropriate response to it, especially when it involves something important in our life. Ver y often, what we see are people sensually a r o u s e d o r m at e r i a l l y enriched but spiritually made numb as they make the quest for progress and development. We should not be surprised by this turn of events, but neither should we do nothing about it. In fact, we have to devise a serious plan to counteract this trend. My e x p e r i e nc e w it h stu d e nt s c on f i r ms t h is observation. While they are still in school, relatively simple and innocent, and subject to a more controlled e nv i ron me nt , t he y c an behave ver y well. They look more relaxed and able to communicate with others easily. It ’s w h e n t h e y g e t

exposed to the industry, when they start doing their on-the-job training, and they experience new things, that they start behaving erratically in the spiritual and moral sense. Many find themselves unprepared, with their pants down, highly vulnerable in their new but confusing milieu. They find themselves facing many crossroads, and they don’t know exactly which path to take. Most likely, they are simply led by what they call as “what comes naturally,” a very dangerous choice to make. This is obviously a great challenge for any chaplain who tries to be serious with his task of helping students sustain their spiritual life as they move on in life. But it’s one that carries its own rewards too. It’s worth all the sweat and blood involved. For certain, the first thing to be done is to keep the communication lines open. Everything has to be done, like cultivating real friendship with them, in order to maintain contact with the students and to facilitate transparency. With the new technologies, like the social media, this need should not be difficult to handle. When the idea of spiritual direction is

explained well, then appreciated by the students and then implemented, the battle is already halfwon. It’s in an atmosphere of confidence and loyalty t hat t he l ab or ious and meticulous task of sorting out things can take place effectively. This bond of trust has to be maintained and enriched at all costs. This point is, I think, crucial, precisely because one characteristic of the present scramble for new things is to make people lose confidence and trust in others. The relationship hardly goes any deeper than mutual exploitation of one another. People are reduced to objects. They lose their personhood, their human capacity to communicate with others as persons also. Ve r y o f t e n , p e o p l e are pressured to be individualistic in their lifestyle, isolationist in their ways, guided only by transitory worldly values like practicality, profitability, convenience, etc. The y are often mesmerized by instant pleasures while neglecting to take care of the foundations of human relations that can only be based on love, trust, complete self-giving, etc. This can be seen i n m a ny w ay s . In t h e are a of re c re at i on and

HINTS

and

Traces

Fr. Roy Cimagala entertainment, for example, we can see a proliferation of people hooked to their gadgets, lost in their own world, unmindful of others, even those right beside them. The movies, the songs now a d ay s c ate r a l mo st exclusively to the appetites of the flesh, star ving or giving little nourishment to the soul. They pander to the base instincts of men, to their whims and caprices that gratify them in a selfish way. Many are actually in a state of addiction, incapable of thinking, judging and reasoning properly. Even in our social and political life, we can see a significant shift, for example, in our understanding of leadership. People are now discarding the refinements of charity and embracing the logic of instant results even cimagala/PAGE 11


BusinessWeek MINDANAO

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

Banking&Finance 5 A Century of Excellence: PNB at 100 2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

friday|JUly 8, 2016

T

HE Philippine National Bank (PNB) heralds its 100year anniversary this July with the launching of its commemorative coffee table book PNB: One Hundred Years of Service Excellence. The book is a celebration of a company’s history, one parallel to that of the nation. The bank, created through a PNB Bill drafted by its first president Dr. Henry Parker Willis, opened its Escolta office on July 24, 1916. The only bank authorized

to issue legal tender, PNB functioned for sometime as the Philippines’ de facto central bank. Although it was privatized 20 years ago, PNB remains to be a financial institution that keeps the common Filipino’s needs at heart, working tirelessly through the nation’s storied past. The bank has been around long enough to survive two occupations, World War II, the terms of nearly every Philippine president, and the Martial Law years.

Throughout that history, PNB has managed not only to continue its service to the Filipino people, but to expand its reach across the country, and constantly make its way towards globalization. One Hundred Years of Service Excellence is a 300page journey rendered not only through astute writing, but a generous collection of images of the bank and the nation from the last 10 decades. Archival film photos are paired with stunning

present-day images, classic advertisements and celebrity endorsements for PNB, and the expansions and innovations the company continues to make today. L e ss a ch ron i cl e of personalities than a document of historical shifts and achievements, the book recognizes the company’s growth has not been the sole work of a few

men and women, but of an entire organization of people working on all levels to adapt to the needs of the times as the change. A w hole chapter of the book is dedicated to navigating PNB branches all over the Philippines, and the world, from Singapore to New York to London and beyond. It is a bank that knows Filipinos will always

find their way to any place in the world and will need financial services to keep them in touch with their family back home. The magnificent, and unmistakably Filipino architecture of PNB buildings is a key focus of special section within the first chapter. PNB has always had Filipino aesthetics in mind, employing pnb/PAGE 11

Bids for TDF Peso, other emerging currencies remain high up as post-Brexit shock fades BIDS for the Bangko Sentral ng Pilipinas’ (BSP) 28-day term deposit facility (TDF) remained high even after offering has been doubled to P40 billion effective this July. Central bank data show that bids for the longerterm TDF reached P162.236 billion, more than four times the offering. T he te nor, howe ver, was cut by a day this week after the regular Wednesday auction was postponed after Malacanang declared July 6 this year as a national holiday in line with the Muslim religious holiday, bids/PAGE 11

TOKYO - Emerging market currencies rose Monday as the shock of Britain’s vote to quit the EU wore off, while the Australian dollar was under pressure after a general election produced no clear winner. R is i ng c r u d e pr i c e s b o o ste d t he oi l - l i n ke d Malaysian ringgit with t h e T h ai b a ht , In d i an r up ee, Philippine p es o and Indonesian rupiah all advancing as appetite for riskier investments picked up. “Overall the impact of Brexit on the global economy seems likely to be limited, with the pain concentrated

on the UK and, to a lesser extent, the rest of the EU,” said Richard Jerram, chief e c o n o m i s t at B a n k o f Singapore. Financial markets went into freefall after the vote as questions swirled over the implications for Britain and the EU. The panic sent the yen surging as traders sought out investments seen as a safe bet. On Monday, the dollar picked up, fetching 102.72 yen against 102.52 yen Friday in New York, while the euro was at $1.1136 against $1.1138. The single currency bought up/PAGE 11

Launching of the Philippine National Bank coffee table book 100 of Service Excellence on July 1 2016 at the Long Gallery, PNB Financial Center. From left: PNB Centennial Committee Chairman and SVP Christian Jerome O. Dobles, PNB Board Advisers William Lim & Joseph Chua, PNB Centennial Committee VP Janette Y. Abad Santos, Media Wise Communications, Inc. CEO Ramoncito Cruz, PNB Chairman Florencia Tarriela, PNB Vice Chairman Felix Enrico Alfiler, PNB Directors Michael G. Tan & Carmen K. Tan, PNB Centennial Coffee Table Book Editor Alfred Yuson, PNB President Reynaldo A. Maclang and PNB Director Florido Casuela (MediaWise Photo)


BusinessWeek MINDANAO

6

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

friday|JUly 8, 2016

CivicAction

MSU-IIT hosts Mindanao Startup Challenge 2016 By Lorry V. Gabule

I L IG A N C I T Y - - T h e Center of Innovation and Technopreneurship (CIT) of Iligan-based state university is now on the road to find the next big ‘startup’ idea for the island Mindanao. Focused on “Innovative solutions to real world problem” the Mindanao Startup Challenge is the first startup competition in Mindanao that aims to find best teams with best startup ideas and help them build these ideas into successful businesses. In his message during a conference, Dr Sukarno D. Tanggol, chancellor, Mindanao State UniversityIligan Institute of Technology ( M SU - I I T ) , s a i d t h e i r objective is to provide a nurturing environment for technology-based and social enterprises in the early stages of their development. Ta n g g o l s a i d t h e y specifically aim to develop the entrepreneurial and innovative culture of Mindanao with a dynamic and collaborative environment. Fur ther he said, we have our mission of creating and providing an integrated support system for budding entrepreneurs through relevant programs i n i n nov at i on , s c i e nc e

a n d t e c h n o l o g y, a n d technopreneurship to stimulate local economic and social development. Thus, our vision is to have a premiere startup incubator that promotes collaborative and sustainable innovation towards a more progressive Mindanao. Meanwhile, Dave Del Rosario, CIT manager, said as part of their commitment for inclusiveness, the center will be running its Mindanao Roadshows to reach the different community of the region. “Our goal is to inform the community about the different startup opportunities in the country and how the Center can help them towards a more progressive community,” said Del Rosario. Second, to invite them to collaborate with the Center through coorganizing different startup workshops and activities that can foster innovation and technopreneurship among the community. Likewise, to encourage them to join different startup initiatives and competitions particularly the very first Mindanao Startup Challenge to help budding technology entrepreneurs transform their ideas into successful

businesses. Del Rosario said they are the first business incubator in Mindanao funded by the Department of Science and Technology-Philippine Council for Industry, Energy and Emerging Technology Research and Development (DOST-PCIEERD) to create

a progressive entrepreneurial ecosystem through various community building activities and technology-based business support services to enable budding entrepreneurs in the region to fulfill their ‘startup’ dreams. We of fer incubation challenge/PAGE 10

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

LDN guv pushes anew effective governance mechanism By Lorry V. Gabule

TUBOD, Lanao del Norte -All envisioned development initiatives cannot be achieved without an effective governance mechanism. Thus s aid G over nor Imelda Q. Dimaporo, who took her oath last June 30 to serve again the province of Lanao del Norte which she held position of governorship for three consecutive terms since 1998.

Gov. Dimaporo said she will continue to implement the governance reforms started by her predecessor Gov. Khalid Q. Dimaporo, now congressman-elect for First District of Lanao del Norte. She said, “I would like to see the provincial government functionaries work as a team for effective service delivery.” mechanism/PAGE 10

First 1000 Days: Talakayan sa Limketkai Luxe, a media forum of Philippine Information Agency (PIA) in partnership with Limketkai Luxe hotel, features on July 5, advocates in child nutrition to highlight the importance of the First 1000 Days of a child's life as the “golden window of opportunity”for interventions to achieve maximum potential of a child’s growth and development. In photo (l-r) are founder of Modern Nanay's in Mindanao Nadine Angelica Casiño, Lourdes College Nutrition and Dietitian Remedios Montaño, Northern Mindanao Medical Center (NNMC) Pediatrician John Paul C. Oliveros, Limketkai Luxe Hotel General Manager Jerome dela Fuente, PIA Information Officer Jasper Marie O. Rucat, National Nutrition Council 10 (NNC 10) program coordinator Marissa D.M. Navales and Department of Health 10 (DOH 10) Nutrition Program Coordinator Telesefora G. Madelo. (Hazel Mae T. Pacturan, PIA-10)

ICRC extends aid to 12,500 displaced persons in Butig, Lanao Sur MARAWI CITY, Lanao del Sur -- The International C om m itte e of t he R e d Cross (ICRC) together with the Philippine Red Cross (PRC), extended food and household items to around 12,500 people from Butig town, Lanao del Sur, who remain displaced following clashes between government forces and an armed group in late May to early June. The distributions took

p l a c e b e t w e e n Ju n e 8 and July 2, in Butig and neighboring municipalities as well as in Marawi City. “Thousands of civilians in Butig were forced to flee their homes in February, when the first clashes began. Some were able to return in April, and just when they started planting a new crop, they were forced to flee their homes again in May, when hostilities resumed,”

said Dominic Earnshaw, head of the ICRC office in Cotabato. He said many of the displaced are living with relatives and depend heavily on their kin and the authorities, as they are still too afraid to go back home. Their houses were also destroyed in the fighting. The ICRC-PRC assistance augmented the aid provided by the

government and helped families meet their basic needs. Each displaced family received 25 kilograms of rice, 12 tins of sardines, two liters of cooking oil, two liters of soy sauce, two kilograms of sugar, 500 grams of salt, and essential household items including two blankets, two mosquito nets, one sleeping mat, and one hygiene kit.

Prior to its relief operation in Butig, the ICRC conducted its own assessments and coordinated closely with community leaders, the Department of S ocial Welfare and Development, and nongovernment organizations. “We ask all sides in the conflict to exercise utmost precaution to protect civilians and their property,”

Earnshaw said. The ICRC is a neutral, impartial, and independent humanitarian organization whose mandate is to protect and assist people affected by armed conflict and other situations of violence. It has had an established presence in the Philippines for more than 70 years and a permanent presence in Mindanao since 1982. (ICRC/APB/PIA-10)


BusinessWeek MINDANAO ing

THE

FOUR-WAY

TEST

of the things we think, say or do

r o t o m

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS NEWSPAPER friday | JUly 8, 2016

2014 ppi’S Best in ENVIRONMENTAL Reporting

Editor: Gilbert Y. Chaootoring Editor: GILBERT

YGP 7 Cebu leg winners

Yamaha Motor Philippines, Inc. began the 3rd leg of the Yamaha Grand Prix which is now on its 7th Year. YMPH Sales and Marketing Director, Kaoru Ogura, officially opened the competition that pitted the best of Visayas against each other. Each riding was vying to be the region’s top rider and would make him one step closer to representing the Philippines.

Even with all the activities around the venue, the real action would still be on the track and it was all business when the starting flag went down. Spectators saw the racing categories of the Vega Force i , 160 Automatic, 130 Open UB, Sniper Open 150 and the MIO 125 MX i. Also part of the race was Open Fun races of the underbone and automatic variety. As riders crossed the finish

line, only a chosen few would be declared as the top riders for the 3rd leg of the YGP7. Here are the race results: VEGA FORCE i 1. John Paul Lapante 2. RJ Commendador 3. Roselio Cupta 130 Open UB 1. Ephraim Onahon 2. John Emerson Inguito 3. Clifford Bacus 150 UB

1. Durraine Dan Carlos 2. Ephraim Onahon 3. John Emerson Inguito Mio 125 MX i 1. Clyde Relativo 2. John Paul Lapante 3. Clint Sande Club Race AT 1. John Edward Goday 2. Clyde Relativo 3. Maico Adapon 160 AT 1. Durraine Dan Carlos

Royal Enfield opens its first exclusive store in Manila

1. Is it the TRUTH? 2. Is it FAIR to all concerned? 3. Will it build GOODWILL and BETTER FRIENDSHIP? 4. Will it be BENEFICIAL to all concerned?

7

2. Clint Sande 3. Andver Antonio AT FUN RACE 1. Neil Labrador 2. Clifford Oliverio

3. Sylvester Ramirez UB FUN RACE 1. Soliman Orlanes 2. James Alforque 3. Nippo Nino Cutas

Ride your story – Jadine for Mio Royal Enfield, the fastest growing motorcycle brand in the world today opened its first exclusive store in the country. Located at 7462 Bagtikan Street, San Antonio Village, Makati City, the store is operated by Hardcore Brothers Custom Motorcycles, Inc. “Royal Enfield is striving to provide an immersive retail experience for its customers that forms an integral part of the

company’s core retail strategy, globally. Our store in Manila showcases the heritage and philosophy of Pure Motorcycling” said Arun Gopal, Head International Business, Royal Enfield. “The space has been designed not just as a point of purchase but as a meeting point for enthusiasts and for conversations around motorcycling. The store will be retailing the full range of Royal Enfield motorcycles and gear and

will be great starting point for them to experience the brand” he added. In addition to its entire line-up of products for Philippines, from its new store, Royal Enfield will also be retailing its latest range of motorcycle apparel and accessories (Gear). With Royal Enfield’s offering of purpose built, meticulously detailed and well crafted motorcycle gear, the riders will have a more enjoyable motorcycling experience.

Petron and Honda forge partnership for road safety and fuel efficiency With a common goal to promote road safety and fuel efficiency, industry leaders Petron Corporation and Honda Cars Philippines Inc. (HCPI) have entered into a partnership to further enhance their promotional efforts and customer relations programs. Honda has committed to support Petron Lakbay Alalay, the longest-running motorist assistance program in the country. During long holiday weekends when many motorists hit the expressways and head out to nearby vacation destinations, Honda car mechanics will be stationed at strategically-located Petron Lakbay Alalay stations to provide roadside assistance to Honda car owners. In a similar

initiative, the Honda Emergency Assistance Teams (HEAT) are also deployed by 24 Honda dealerships nationwide as part of their public service and road safety advocacy. Petron was the first local oil

company to produce a full range of gasoline and diesel variants that meet Euro 4 standards. Petron Euro 4 fuels deliver TriActiv advantages—better engine protection, better mileage, and better power—to optimize the performance of Honda’s technologically-advanced and fuel-efficient engines developed under its Earth Dreams Technology. A number of marathon fuel economy runs performed by both companies confirm that Petron Euro 4 fuels are the best match for various Honda car models. Petron and Honda have also agreed to partner in more fuel economy runs as part of their shared advocacy in promoting fuel efficient driving habits among motorists.

Yamaha Motor Philippines welcomes its two new ambassadors, celebrity couple James Reid and Nadine Lustre or better known as “Jadine”. Often seen on the TV screen that fills primetime romance air, the duo is now set for a new adventure together with Yamaha.

Representing the MIO Motorcycles, James and Nadine takes you on an adventure that will allow you to ride your story. James and Nadine are ready for their epic riding journey with these motorcycles and can’t wait to show you what the Mio motorcycles are all about.

Porsche clinches 18th overall win in the 24 Hours of Le Mans The 84th running of the 24 Hours of Le Mans will always be remembered for its dramatic finish on June 19th 2016. Porsche took its 18th overall victory in the world’s most famous and toughest endurance race came just before the final lap as the 919 Hybrid Number 2 vehicle of Romain Dumas, Neel Jani, and Marc Lieb passed the erstwhile

leader Toyota that faltered with power issues. The pace at the front in the duel with the Japanese manufacturer and the many lead changes pushed everyone to the limit and beyond. Porsche took the checkered flag in front of some of the 263,000 spectators that flocked to witness the spectacle at the 13.629-kilometer Circuit de la Sarthe.


F eature 8 The Trio 3:0 to perform Sept. 8 at Rodelsa Hall T BusinessWeek MINDANAO

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

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

friday|JUly 8, 2016

he renowned Trio 3:0 of Austria will have its first concert tour to Philippines this September at the invitation and with the support of the Austrian Embassy Manila. Besides concerts in Manila and Cagayan de Oro, the group will also conduct master classes in the same venues. The Trio came together as a group in the course of six years, coming together to play in events and then going their separate ways before deciding to come together as The Trio 3:0. They first performed together in 2006 at Salzburg, Austria to celebrate Wolfgang Amadeus Mozart’s 250th birthday. Eva Steinschaden (violin), Detlef Mielke (piano) and Alexander Vavtar (cello) found themselves performing together for the world première of a chamber opera, Der Zauberspiegel [The Magic Mirror] by the Austrian composer Ludwig Nussbichler. Although they had never before played as a trio, the three musicians – all of whom had wide experience in all kinds of chamber music – knew each other (Salzburg is a village!), and embraced the project with enthusiasm.

The press reported: “A truly splendid conclusion to the 2006 Mozart anniversary. Certainly one of the most unpretentious and lasting contributions to the Mozart celebrations.” After this success, the three went their separate ways, and – musically speaking – lost sight of one another until 2008, when contemporary music brought them together again at the first Salzburg performance of Friedrich Cerha’s Piano Trio (2005), on the invitation of Aspekte Salzburg, a festival of New Music. Cerha demands nothing but the best from the musicians who perform his music, but the collaboration was once more exciting and rewarding, if quite strenuous, but again, a triumph! The composer, who was present, pronounced himself delighted with the successful performance of his work, and the press reported “a topquality performance which could not but be received with enthusiasm”. Two years later, the three artists again found themselves performing together again for a recital of contemporary music organized by Aspekte Salzburg. The programme included the world première

of a new work by Gerhard Wimberger and a performance of a piano trio by Gerald Resch. The result was yet another fantastic performance, greeted with exuberant applause by composers and audience alike. In 2011 there followed a concert in Vienna, once again with a contemporary focus, but also including music by Franz Schubert; and in 2012 a concert in Wels, with exclusively contemporary works, earning the three musicians unanimous praise in the press. It was not until the journey home from Wels that the three decided to form a piano trio and name it Drei zu null, or Trio 3: 0. This is how 3:0 came to be, through fate and fortune – not on the drawing-board, but out of sheer pleasure in making all kinds of music together and bringing firstrate interpretations to interested audiences. The Programme for their Cagayan de Oro performance includes the following:

(2005)

Astor Piazzolla Oblivion für Violine violoncello und Klavier Milonga en Re für Violine, Violoncello und Klavier

Antonin Dvorak Dumky“-Klaviertrio für Violine Violoncello und Klavier e-moll, op 90

The Trio 3:0 Concert has been scheduled on September 8, 2016, 8PM at Rodelsa Hall, Liceo

de Cagayan University with general admission pegged at P350. For seat reservations, contact 0915-6998769, (088) 858-4093 local 109. This event is for the benefit of Rodolfo N. Pelaez Foundation,Inc.

Wolfgang Amadeus Mozart Divertimento für Violine, Violoncello und Klavier B-Dur, KV 254 Friedrich Cerha Trio für Violine, Violoncello und Klavier

An expert for experts

Prople Inc. deploys business experts to help boost your company growth There’s a bounty of factors affecting an organization’s continuous growth and success. Two of these are related and can potentially cause the business to collapse. These are hiring unqualified or untrained employees and a failure to seek outside professional help. Because of this, Prople Inc. – one of the country’sleading business solutions and outsourcing companies known for its service excellence in the areas of finance and accounting, human resource, tax services and data management – highlights the importance of setting meticulous standards when choosing the right people for a particular job as well asmaximizing the advantages of outsourcing to better

boost an organization’s performance. According to Alma Luz A. Borja, President & CEO of Prople Inc., building a strong foundation for an organization starts from creating wise strategies. “Companies should scrupulously identify the weaknessesin their organization because any issue that is overlooked could have serious consequences and can adversely impact the business as a whole.” “One of thekey steps at Prople is that we only choose the best professionals before we assign them to work on any of our clients’ requirements,” Borja said. “This means screening the professionals we hire as stringently as possible and making sure they pass our high standards

from interview to the final selection.” Prople Inc. believes that only dedicated and passionate professionals who are experts in their field can ensure that the business objectives of an organization are fully realized. “That’s why we make sure that our team of value-driven employees are experts in their respective fields and have the adequate experience in the disciplines of finance and accounting, tax services, human resources and payroll, and data management,” Borja emphasized. Through Prople, companies can now have direct access to highlyskilled experts – ranging from CPAs, auditors, project managers, business analysts, and

IT professionals – who can accomplish the task on time and thereby, enable a businessman or an executive to deal with other issues facing the business organization. “Through ateam of highly -skilled professionals and relevant services Prople offers a complete roster of valueadded and cost-savings business solutions that can complement your company’s growth and development,” Borja said. For Finance and Accounting Services, Prople provides custom fit finance and accounting functions in the area of Accounts Payable, Accounts Receivable, General Accounting, Strategic Finance, among others. Prople also guarantees tax services for fast-done

yet accurate Personal Financial Statements, Tax Returns Preparation, and Financial Consulting. “As for our Human Resource Services, we can reduce your companies’ cost and maximize employeeemployer relationship through a systematic and smooth process of Payroll and Timekeeping, Benefits Management, Statutory Compliance, HR Information Systems, Employee Records Administration, and HR Reporting and Analysis,” Borja said. Aside from that, Prople’s Data Management Services offers bestin-class Data Capture, Conversion, Cleanup, Organization, Standardization, Data Mining and Analysis – all towards achieving better

business outcomes. “Choosing the right individuals to do their jobs can reduce wasted time and increase productivity,” Borja said. “Meanwhile, asking for outsourced help can reduce cost and can optimize a business’ systematic performance. Combine these two strategies and you’ll create your business’ disruptive advantage in the market.” Borja concluded, “Each business has its own strategies towards achieving its goals. However, fast recognition and prevention of business risks should also be prioritized. At Prople, we will continuously pin down these risks with our pool of experts that can complement and boost an organization’s expertise towards achieving success.”


BusinessWeek MINDANAO

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

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

friday|JUly 8, 2016

36 bird species discovered at Aboitiz Cleanergy Park in Davao A total of 36 bird species—a number of which are considered endangered—have been recently identified living at the Aboitiz Cleanergy Park, reinforcing the park’s status as a thriving outdoor biodiversity preserve that is also one of the country’s few nesting sites for hawksbill turtles. This initial discovery, made by members of the Davao Wild Bird Photographers group and the Philippine Eagle Foundation (PEF) following Philippine Eagle Week (June 4 to 12), revealed the existence of 36 bird species in the park. Two prominent species discovered include the endangered Spotted Imperial Pigeon (Ducula Carola) and the Brown Noddy (Anos Stolidus). The Spotted Imperial Pigeon is said to be endemic or native to

the Philippines, while the Brown Noddy has never been spotted in Davao City before. All 36 species have been properly identified and validated with the assistance of PEF. “We believe creating a #BetterWorld involves creating a sustainable environment for nature to thrive. We will strive to ensure our feathered friends will continue to call the Aboitiz Cleanergy Park their home for years to come,” Sonny Carpio, Aboitiz Foundation Executive Vice President and Chief Operating Officer, said. The Aboitiz Cleanergy Park is a joint BetterWorld initiative of the Aboitiz Foundation and Davao Light, the country’s second-largest private electric distribution utility in terms of land area that showcases urban-based habitat conservation

and biodiversity management. It is located in Punta Dumalag, one of the few identified nesting sites of the critically endangered hawksbill turtle (pawikan) as well as 66 other species. Earlier this year, the Aboitiz Foundation stepped up its conservation campaign with “#BetterWorld for the Pawikans,” a drive to raise funds for the protection and preservation of the hawksbill turtle in Punta Dumalag, one of the last few remaining natural habitats for this turtle specie. This fundraising will not only secure the sanctuary for the hawksbill turtles but also spread greater public awareness on how everyone can help ensure its survival amid climate change and environmental degradation.

9

2014 ppi’S Best in ENVIRONMENTAL Reporting

BIRDS FLOCK TO ABOITIZ CLEANERGY PARK. In a testament to the area’s biodiversity, a total of 36 bird species, some endangered, were recently identified living at the Aboitiz Cleanergy Park, an eighthectare outdoor biodiversity park jointly managed by the Aboitiz Foundation and Davao Light. The Aboitiz Cleanergy Park is one of the country’s few nesting sites for hawksbill turtles (pawikans) and a showcase of urban-based habitat conservation and biodiversity management practices. (photos by BRENDA MILAN)

City exec to strengthen security, peace in Gingoog GINGOOG CITY – Gingoog city government shares the agenda of the new national administration’s fight against crimes, illegal drug trade and corruption. Unceasing in this fight, the city has made 78 arrests in various drug raids and buy bust operations. “We have put more police on the streets and more soldiers in our city to keep the peace. Now, we have renewed hope that we will go even stronger—further strengthen our peace and order campaign, to build on what we have begun,” Mayor Marie Guingona said in her speech during the city’s inauguration and oath taking ceremonies of elected officials held at the Arturo

Lugod Gymnasium, July 1. She also said that her administration will also pursue the Operation TukHang (Tuktok-Hangyo) and it will not exempt anyone who does illegal activities. “Tuktoka ang ilang mga balay ug hangyoa sila na maghunong sa dautang binuhatan. And that goes for all – walay kamag-anak, walang kaibigan, walay pabor-pabor, labi na sa mga opisyales (Knock their houses and urged them to stop their evil deeds. And that goes for all—no relatives, no friends, no bias, especially officials),” she said. Plans on strengthening the Barangay Anti-Drug Abuse Councils (BADACs) and anti-illegal drug

advocacy as part of the schools’ curriculum are also included in her local administration. The mayor asks the help of the civic organizations and religious sector to help protect kids from falling into the illegal drug habit by instilling in them positive morals and values. Furthermore, plans of putting up rehabilitation center are already in the process not only to reduce the street demand for illegal drugs but to give new hope to the drug dependents to change their lives. Aside from the economic security projects for the city, the mayor also gives priority to the infrastructure development as to bring more

jobs and uplift the standard of living of the people in Gingoog. The city government will expand its social pension fund beneficiaries from 1,600 to 2,100 this year. Also, it pushes for door-to-door delivery for those senior citizens who are not able to visit government facilities to get their medicines and social pension. Further, it will continue expanding their coverage for the PhilHealth Insurance Pro g r am to e nsu re a l l the residents have health insurance. To date, there are already 23,000 families in the city with the basic health insurance. Meanwhile, Gingoog is set to strengthen its Rescue 115

NDCM easy writing contest promotes DRR awareness CAGAYAN DE ORO CITY – Nor t h e r n Mi n d an a o Disaster Risk Reduction and Management Council to conduc t regionwide essay writing contest in the elementary and secondary pupils of both public and private schools in July. This activity, a highlight for this year’s national

disaster consciousness month (NDCM) celebration, aims to raise the level of awareness on disaster risk reduction of students in the region. T h i s y e a r ’s N D C M obser vance is anchored on the theme “Kahandaan at Pagtugon sa Sakuna, Tungkulin ng Bawat Isa (Readiness and response to

crisis: Everybody’s Duty).” All pupils and students are encouraged to develop an essay on “A Prepared Family and Community, Partners towards the Nation’s Resiliency.” The respective English teachers will select the best essay piece from the class, which will represent the

class for the school section. The schools will then select the best essay piece for both elementary and secondary categories which will represent them in Schools Division Level contest. The respective Schools Division Offices will judge the essay pieces. The different NDCM/PAGE 10

Enlightened NPA choose to live peacefully CAMP EVANGELISTA, Cagayan de Oro City -Anot he r N PA me mb e r decided to return to mainstream society with the help of army’s 8th Infantry (Dependable) Battalion under 403rd Infantry Brigade

on July 1. A certain Arnold Mendez (true name is withheld for security reason), 23 years old, married, and four-year member of Sangay sa Partido Pangpropaganda 1, Section Committee 89 of North

Central Regional Committee, has realized the futility of the armed struggle and chose to live peacefully with his family over the revolution. Mendez surrendered along with his M1 Garand rifle with two magazines

loaded with ammunitions. MGen B enjamin R Madrigal Jr, 4ID commander, welcomed Mendez and urged his fellow comrades to do the same act. M a d r i g a l s a i d “ We NPA/PAGE 10

and RadyoNet so that they can immediately respond to calls during emergencies and disasters. City C our t Judge Eileen Joy P. Bonghanoy administered the oaths of office of Misamis Oriental Sangguniang Panlalawigan Board Member Wayne T. Militante and Gingo og Councilors Thaddeus Lugod, Jerome Mercado, Winfred Militante Jr,April Rose Vosotros, Miguel Paderanga and Myrna Motoomull. Likewise Mayor Guingona

and Vice Mayor Ruth L. Guingona took their oaths of office administered by Executive Judge Giovanni Alfred H. Navarro. One of the mayor’s sons in Balay Pangarap Youth Center held the Bible for the mayor in her oath taking. Holy Eucharistic Celebration cum Thanksgiving Mass officiated by Rev. Fr. Apollo Canoy, SSJV and concelebrated by Warren Padilla, PACEM opened the ceremonies. (Hazel Mae Pacturan/PIA10)


BusinessWeek MINDANAO

10

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

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

friday|JUly 8, 2016

Challenge... from page 6

pro g r am t h at i nclu d e s business mentoring and trainings, IP supp or ts, infrastructures and linkages to potential partners, mentors and investors. The center’s roadshow for this year includes Butuan, Agusan, Surigao, Pagadian, Dipolog, General Santos City, Cotabato, Misamis Oriental, Marawi, Tawi-tawi and Ozamiz City. The roadshow will be a 3-5 hours event to bring together different tech startup enthusiasts, aspiring entrepreneurs, researchers, inventors and millennials and spread the word about Startups and Technopreneurships through the Ideation and Design Thinking Workshops. As to the competition requirements for the Startup Challenge, Del Rosario said that a minimum of two and maximum of five members per entry, at least one member must have technical expertise relevant to the proposed product/ service. Group can submit more than one entry. Students, faculties, alumni, industry practitioners are welcome to join.

Opening of the competition was on 6 June 2016. All entries must have been received by CIT on or before 20 August 2016, 11:59 p.m., after which no other entries shall be accepted. Teams must completely fill out and submit the application form available at www.msuiit.edu.ph/offices/ cit. For more information, questions and/or clarifications, you may email the Center Manager, Dave Del Rosario at johndave. delrosario@g.msuiit.edu.ph (LVG/PIA-10 LDN)

Mechanism... from page 6

These government reforms she mentioned include enhanced tax revenue collection and assessment system, streamlining of economic enterprise operation, and restructuring of departments. Access to affordable quality health care services shall be a continuing thrust through public health program and efficient management of provincial hospitals, as well as reduction and prevention of lifestyle diseases is also an area of concern, said Gov.

Dimaporo. The lady guv reiterated the province’ state of development dubbed as VISION 2020, that is Lanao del Norte to become a globally competitive agri-industrial community of God loving, ecolog y conscious and culturally diverse people working in peace and harmony to achieve equity and prosperity. However, Year 2020 is barely four years from now, said the governor. There will be a need to revisit and asses the Vision Statement as against our success indicators, and this will happen during my term of office, said Dimaporo. As a fast track strategy, the governor said she will give priority to the scaling up and leveraging of programs and projects to achieve higher level socio-economic benefits particularly in the agriculture, environment and health sectors, thus, tourism can be an anchor to propel the development of these sectors. To scale up agricultural development, we will support market oriented agri-based enterprise, farm tourism, organic agriculture and ot her simi l ar proj e c ts. We will develop tourism destinations while at the same time preserving their natural and pristine states, Dimaporo said. Lastly, communities shall be empowered to implement and sustain projects t h rou g h s t re ng t h e n i ng of cooperatives and developing entrepreneurial spirit. Hopefully then that beneficiaries of conditional cash transfer can transcend t o b e c o m e p ro d u c t i v e members of their respective c om mu n it i e s , s ai d t h e governor. The governor expressed her gratitude on the resounding 100 percent

victory they attained on the concluded election. She said, may the local government units encompassing the Province of Lanao del Norte especially all the mayors who supported them continue to cooperate and support towards Vision 2020. (LVG/ PIA-10 LDN)

NDCM... from page 9

category winners will be informed through the school and the Department of Education (DepEd) Regional Office on July 14. The winners of both levels will then represent their respective schools on July 20 at the National Educators Academy of the Philippines, Lapasan, Cagayan de Oro City. DepEd will issue a regional advisory and facilitate the participation of schools for this activity. Office of the Civil Defense (OCD) will provide the topic on the regional level competition. The Philippine Information Agency (PIA) will be the lead judge and will coordinate with Commission on Higher Education (CHEd) and higher institutions for the two sets of boards of judges for both categories. The top three placers of the regional essay writing contest in both categories will be given their awards on July 29 during the culmination of activities of the National Consciousness Month. (Hazel Mae Pacturan/PIA10)

NPA... from page 9

welcome our dear brother who is now reunited with his family. This is the very essence of the Internal Peace and Security Plan “Bayanihan” in which your

PHL furniture exporters need to stay compliant with EU timber regulation Ph i l ippi ne s ma l l and medium-sized furniture exporters to the European Un i on ( E U ) n e e d t o remain compliant with the regulation banning illegal timber exports. As of June 30, the United Kingdom (UK) government has not changed policy and remains a key supporter of the EU’s Forest Law and Enforcement Governance and Trade Policy (FLEGT) even after the UK voted to leave the EU. “EU Laws such as the EU Timber Regulation are still binding and are enshrined in UK Law (countries such as Norway that are not part of the EU have in fact adopted the EUTR),” said the Global Timber Forum (GTF), a communications channel and facilitator supporting the timber industry worldwide. The EUTR came into soldiers are now operating in the context of peace, development, unity and people-centered approach. Our fellow countrymen who are still taking arms against the government are given the opportunity to reflect and finally come to a decision to go back to their normal lives. “To the remaining NPAs, we urge you to put an end to senseless violence. It is time to work together and unite as a Nation. Let us work together and focus on the programs that would bring us towards our dream of having a better Nation. Magkaisa tayo, tama na

effect in 2013 to stop the circulation of illegally logged wood in the EU. The legislation prohibits placing illegally harvested timber and timber products on the EU market. It affects all those that first place timber on the EU market as well as traders further down the supply chain. “Businesses need to consider the p ossible changing tariffs, exchange rate f luc tu at ions and customs charges in the future and other current regulations and standards influenced by the EU, which may now be renegotiated,” advised the GTF. During the two-year negotiating period for withdrawal, all EU laws would still apply to the UK. “The UK would continue to participate in other EU business as normal,” it said. (PhilExport) ang hidwaan. Bigyan nating pagkakataon ang Kapayapaan,” said MGen Madrigal. The Philippine Army is now facilitating the support for Mendez through the C omprehensive Local Integration Program (CLIP) of the Department of Interior and L o cal G overnment (DILG). Further, Mendez will also be a recipient of the arm-to-farm program being jointly undertaken by the different line government agencies and the 8th Infantry Battalion to capacitate him before he go back to his community. (4ID/PA)


BusinessWeek MINDANAO

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

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

friday|JUly 8, 2016

Renewed... from page 1

Dureza said during Monday’s “Kapehan sa Dabaw” forum at SM City Annex. Dureza said the (President Rodrigo) Duterte factor triggered a lot of interests of the investors to Mindanao and Davao. “Malaking (Big) factor. Duterte projected transformation and that provided a signal to the level of confidence,” Dureza said. He also said that during the last few weeks, they entertained two to three foreign investors per day. “Our office is overheating and we don’t find ourselves resting this time anymore,” he added. Even on a Sunday, they still entertain foreign investors who want to set up regional offices in Mindanao, Davao in particular, Dureza said. Among the prospect areas of interest are: Public Private Partnership (P39 billion); Manufacturing particularly petrochemical and integrated steel (P742 billion); mass housing (P510 million); infrastructure particularly p or t d e v e l opm e nt ( P 3 billion); power generation (P49 billion) and resourcebased agri (P33 billion). Dureza noted that investments are regularly moving up the last five years. The 2010-2016 B OIapproved investments in Mindanao registered P11.785 billion in 2010; P91.42 billion in 2011; P25.04 billion in 2012; P109.401 in 2013; P69.358 billion in 2014; and P25.810 billion in 2015. As this developed, Dureza said they also see the need to level up their services by drawing up a plan to cope with the increasing number of investors visiting BOI especially that he has only five staff to handle investors in Mindanao. Dureza added they are also working on streamlining the procedures in line with President Duterte’s policy of c utt ing re d t ap e in government to encourage more investments in the country.

Outlet... from page 1

decided to tap the booming market in Kauswagan area leading to the Port of Cagayan de Oro. “It is definitely where we should be because there are lots of truckers who pass by this area since this is the main road going to and from the pier where they disembark or load their goods,” Gordiel said. She also said that Kauswagan is a convergence point of public utility vehicles coming from Kauswagan, Bonbon, Bayabas and even Bulua. Many subdivisions and condominiums are also sprouting in the area where residents have their own vehicles to gas up. Cagayan de Oro-based Geo Gas is part of the burgeoning independent

players in the market. In fact this early, family patriarch George Gordiel announced that he would build six more gas stations in the future in and outside Cagayan de Oro. Independent oil players such as Geo Gas are able to compete vis-à-vis their major oil player-counterparts through a combination of savvy marketing strategies and investment in outlets which have a ready source of inexpensive yet high-qualify fuel products. Diesel, unleaded and premium are available at both Geo Gas outlets in Vilarin and Kauswagan. They also sell Castrol products exclusively.

Farmers...

from page 1 plantations to other crops is because there is no enough income,” he said. He urged government to teach farmers on making use of other materials from coconuts. He said there is a demand for coconut even in the local market and encouraged the farmers to take advantage of the booming tourism industry. “Some progressive owners and farmers are starting to appreciate it. If we have more tourists, they will drink more ‘buko’ and ‘buko’ is high price,” he said. He said the fluctuations in the price of coconut discourages the farmers from either maintaining or expanding their plantations. Go noted that the farmers can engage in producing virgin coconut oil, coco syrup, coco sugar, coco chips, cooking oil, and coco coir to earn more. He estimated the region has around 300,000 hectares planted to coconut, the biggest in the country. Department of Trade and Industr y-Davao del Sur director Delia Ayano said their Shared Service Facility program has assisted a few farmers develop other products from coconuts. DTI-Davao Region has distributed to farmers decorticating machines to turn the coir into geo-nets, mats and several other house decors, she said. The market price for coir ranges from P8 to P15 a kilo. Ayano added the geo-nets made from the coco coir help prevent soil erosion when used to cover bare soil. Cocolink 2016, coco coir summit Coconut industr y stakeholders will hold a three-day Cocolink 2016 dubbed “Bridging Industries” on July 27 to 29 at the SMX Convention Center in Davao City. The event is “envisioned to address the challenges and optimize opportunities through cooperation among local and international coconut industry players and enablers.” On the third day, there will be a 3rd Coco Coir Summit with the theme “Expanding

Opportunities for Coco Coir through Technology and Innovation.” Ayano said the summit aims to gather the stakeholders and key players of the industry from all over the country and assess its performance status, update results of government interventions and share some best practices that can be replicated in other areas. T he su m m it is a ls o seen to help the industry stakeholders learn about the opportunities offered in the ASEAN Economic Community.

Forecast... from page 2

of L a Nina, a we at her phenomenon characterized by unusually cool ocean surface temperatures in the central and eastern tropical Pacific. Opposite of El Nino which brings below normal rainfall conditions. La Nina will be marked by above normal rainfall. The effect of La Nina is the occurrence of landslides and flash floods.

Cimagala... from page 4

if pursued with violence or immorally. We have to face this big challenge of these days. While it’s true that we have to do some kind of a massive campaign to re-educate people to help them cope with the new developments, we should not forget to do, even in a more massive way, a personalized effort to give spiritual direction. This will require a lot f rom parents, teachers, priests and others engaged in counseling work, but this simply has to be done if we

want to keep our sanity and humanity intact. There’s always hope as long as we do our part. God, for his part, has already given us everything that we need to carry out this duty.

PNB... from page 5

Pablo Antonio Sr. to design a handful of the bank’s provincial branches in the late 1930s. He would eventually be declared a National Artist. Other architects that worked on PNB’s offices in Makati in the 1960s were Carlos Arguelles and Juan Nakpil. Rounding out the group was Jun Palafox, who in the 1990s, envisioned the current main office in Pasay. The book is keenly aware not only of PNB’s history, but the way it’s been woven into the needs of a nation that’s also come into its own over the last century. For instance, the bank issued Philippine Guerrilla Notes during the war, in an effort to aid resistance against the Japanese. The bank was also central to financial recovery after the war, helping both big industries and small-time business owners get back on their feet in a time when the nation was merely at the cusp of independence. In the latter parts of the book, we find the place PNB has made for itself today through gorgeously shot photographs of PNB branches all across the world. They’re spaces big and small, surrounded by the mundane day-to-day activities of common people. PNB remains strong and relevant as ever, wherever the Filipino may go. It’s an institution that’s taken on

the responsibility of bringing financial services to the nation, and done its work quietly and diligently for the past century. Ultimately, the book makes for a testament to a bank that continues to find its place in the everyday life of Filipinos, serving their needs with a characteristic warmth and excellence. One Hundred Years of Service Excellence is published by Philippine National Bank with editorial ser vices, design and photography provided by Media Wise Communications, Inc./Muse Books

Up...

from page 5

114.41 yen against 114.19 yen. The pound was at $1.3287, against $1.3267. This week, investors are awaiting the release Wednesday of minutes from the US Federal Reserve’s most recent policy meeting and the June jobs report Friday. Central banks around the world have promised support to financial markets at risk from the breakaway vote, while the Fed is seen as unlikely to hike borrowing costs anytime soon. “Brexit fallout... has considerably reduced the chances of Fed tightening and simultaneously increased the likelihood of concerted easing policies from BoE (Bank of England), ECB (European Central Bank) and the BoJ (Bank of Japan),” Stephen Innes, a senior trader at OANDA Asia Pacific, said in a commentary. Australia was left in political limbo after voters failed at the weekend to hand Prime Minister Malcolm

REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF

DEED OF ABSOLUTE SALE This DEED OF SALE, made and executed in the City of Cagayan de Oro, Philippines, by and between: PERLA C. ARINO, of legal age, Filipino citizen, married to PABLO L. ARINO, with residence and postal address at Zone 1, Igpit, Opol, Misamis Oriental, hereinafter referred to as VENDOR, and RONNIE T. SAMSON, of legal age, Filipino Citizen, married to ANTONIA B. SAMSON, and with residence and postal address at Zone 1, Igpit, Opol, Misamis Oriental, hereinafter referred to as the VENDEE; WITNESSETH THAT: the VENDOR is the lawful, and owner of a parcel of land, acquired through an ExtraJudicial Settlement Among Heirs of the late RITO T. CABASAN and JULIO T. CABASAN, JR., entered in the Notarial Book of Atty. Lito A. Sanchez, Notary Public, Doc. No. 358, page No. 72, Book No. IV, Series of 2014, particularly Lot No, 5292-B-2-H-1, a portion TCT No. T-36662, under the name of Julio T. Cabasan, Jr., containing an area of 191 sq. meters, more or less is the subject of “DEED OF ABSOLUTE SALE” Under Notary Public of PANFILO I. PARACUELLES, per Doc. No. 309; Page No. 62; Book No. XXIV; Series of 2015.

BWM: June 24, July 1 & 8, 2016

BWM: July 8, 15 & 22, 2016

NOTICE OF EXTRA-JUDICIAL SALE EJF FILE NO. 2016-2723 Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118 filed by HOME DEVELOPMENT MUTUAL FUND (Pag-IBIG), as mortgagee against ELSA M. SARTORIO, as mortgagor, to which the indebtedness as of May 18, 2016, amount of THREE HUNDRED SIXTY ONE THOUSAND SIX HUNDRED SEVENTY FIVE PESOS AND 21/100 (Php 361, 675.21) inclusive of interest and penalty charges, attorney’s fees and expenses of foreclosure, the undersigned will SELL TO PUBLIC Auction on AUGUST 8, 2016 at 10:00 o’clock in the morning at all the entrance door Regional Trial Court Branch-23, City Tourism Hall, Cagayan de Oro City, to the highest bidder for cash or manager’s checks and in Philippine Currency, the following described properties, to wit; TRANSFER CERTIFICATE TITLE NO. T-196717 A PARCEL OF LAND ( Lot 22, Block 19, Psd-10-002661, being a portion of Lots 3594, 3596, 3597, 3598, 3600, Cad-237 & lot 3591-1 (LCR), Pcs-10-1286190). Situated in the Barrio of Iponan City of Cagayan de Oro City. Island of Mindanao. Containing an area of ONE HUNDRED FORTY (140) sq. meters more or less. All sealed bids must be submitted to the undersigned on the abovestated date, time and place. 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/bidders may investigate for themselves the title herein above described and encumbrances thereon, if any there be.

Done this July 1, 2016 in the City of Cagayan de Oro, Philippines.

(Sgd.) RICO A. REMALIG Sheriff IV

11

2014 ppi’S Best in ENVIRONMENTAL Reporting

Turnbull the stability he craved in a general election, with the nation instead facing the prospect of a hung parliament. The Aussie fell to 74.41 US cents at one point Monday before recovering to 74.88 US cents later but economists warned the situation risks Australia’s top-ranked AAA credit rating, with the result fanning uncertainty. A final outcome from the polls will not be known for days, if not weeks, with mi l lions of p ost a l and absentee votes still to be processed.

Bids... from page 5

Eid al-Fitr. Still, the auction committee awarded the securities in full, with the accepted yield and weighted ave r age a c c e pte d y i el d both at 2.5 percent and bid coverage ratio at 4.056 percent. The situation for the shorter-term TDF is the same. It was offered for P10 billion and received bids amounting to P60.252 billion. The auction committee also awarded it in full, with t he accepte d y ield and weighted average accepted yield at 2.5 percent and bid coverage ratio at 6.025 percent. (PNA) EXTRA-JUDICIAL SETTLEMENT OF THE STATE OF THE DECEASED SAMUEL ABRAGAN MELCHOR This EXTRA-JUDICIAL SETTLEMENT made and executed by and among the HEIRS OF SAMUEL ABRAGAN MELCHOR, namely: JERYLYN A. MELCHOR, of legal age, widow, Filipino and a resident of Bellevue Homes, Upper Carmen, Cagayan de Oro City, the surviving wife of the decendent; FARRAH MECHOR TEJANO, of legal age, married, Filipino and a resident of Bellevue, Upper Carmen, Cagayan de Oro City, the surviving daughter of the decendent; IAN SAMUEL J. MELCHOR, of legal age, single, Filipino and resident of Bellevue Homes, Upper Carmen, Cagayan de Oro City, the surviving son of the decendant; WITNESSETH THAT: the above-named parties, all of legal ages, are the legitimate wife and children and the sole/ compulsory/surviving heirs of the deceased SAMUEL ABRAGAN MELCHOR who died on August 24, 2015, at Cagayan de Oro Medical Center, Inc., Cagayan de Oro City; That the deceased SAMUEL ABRAGAN MELCHOR, at the time of his death left the following parcel of land (conjugal property) located at Canitoan, Cagayan de Oro City, and more known as Lot No. 3915-A-2, Psd10-062435, being a portion of Lot 3295-A, Psd-10-000135 situated at Canitoan, Cagayan de Oro City, containing an area of TWO THOUSAND FOUR HUNDRED TWENTY EIGHT (2,428) SQUARE METERS declared in the HEIRS of the deceased SAMUEL ABRAGAN MELCHOR is the subject “ EXRAJUDICIAL SETTLEMENT OF THE ESTATE” Under Notary Public of EMMANUEL A. AKUT per Doc. No. 394; Page No. 80; Book No. 131; Series of 2015 BWM: July 1, 8 & 15, 2016


BusinessWeek MINDANAO Lifestyle

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

Style Origin 2016 friday | JUly 8, 2016

I was happy to have been invited for this year’s Style Origin’s “Good Vibes Festival” at Ayala Centrio Mall last July 2, 2016 at 6pm. For the past years, they’ve been inviting me to join the fashion show but, honestly, I just don’t see myself walking up there. I’m too shy for a fashion show. However, I enjoyed watching the event last Saturday. It was a fun fashion show that highlighted a mix of local and international brands such as Promod, Esprit, Penguin, Giordano, fitflop, Herschel, Jockey, Mango, Sperry, Spruce, Apartment Eight to name a few. Music was great and of course I saw some familiar faces and friends who are from Cagayan de Oro City who joined the fashion show, Manila’s top models and actor, Xian Lim. The show was directed by Robby Carmona and hosted by Janeena Chan. Many thanks to Rich Neri Concepcion and Jacob Casile for the beautiful photos!

12

Photo Credit: Jacob Casile

Photo Credit: Jacob Casile

Watched the fashion show with my friends. Photo from Left to Right: Issa San Jose, Michelle Francisco, Kimi San Jose and Yen Albasin

Chill Albasin Photo Credit: Rich Neri Concepcion Bumped into the talented and world class pianist/ musician, Rudolf Golez, at the show as well.

ABS-CBN TV Host Nicole Datayan Photo Credit: Rich Neri Concepcion

Xian Lim Photo Credit: Jacob Casile From Left to Right: Noel Barrameda, Fashion Designer - Gil Macaibay, Britney Belmote, Lauren Go Photo Credit: Rich Neri Concepcion

Photo Credit: Rich Neri Concepcion


Turn static files into dynamic content formats.

Create a flipbook
BusinessWeek Mindanao (July 8, 2016) by Mindanao Daily News - Issuu