BusinessWeek Mindanao (June 10, 2016)

BusinessWeek MINDANAO

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YOUR Mindanao-wide BUSINESS paper

Volume VII, No. 002

Market Indicators As of 6:10 pm june 9, 2016 (thursday)

FOREX

PHISIX

US$1 = P45.917

7,536.65

X Briefly

X

14.5

186.14

cents

points

Mindanao RE push A FOCUSED target to keep Mindanao’s energy mix diversified with premium on renewable energy (RE) sources augurs well for the country’s clean energy agenda, says an official from Malacañang’s economic think-tank in Mindanao.

Romeo M. Montenegro, director for Investment Promotion and Public Affairs of the Mindanao Development Authority (MinDA) said that accelerating RE projects points to a logical way forward of achieving an ideal energy mix.

Speaking to reporters at the sidelines of the Asia Clean Energy Forum 2016 at the ADB Headquarters in Pasig City, Montenegro cited that Mindanao’s current energy mix of 60-40 in favor of RE will see significant reversal to 70-30 dominated by fossil in 2018.

Job Fair THE Cagayan de Oro City Job Placement Bureau – Public Employment Services Office-10 (PESO) and ABS-CBN invite jobseekers to join the Lingkod KapamilyaTrabaho Patrol Job Fair on June 15 at Limketkai Atrium.

The PESO already accepts pre-registration from applicants who want to be part of the Trabaho Patrol Job Fair from June 7 onwards.

Interested jobseekers will just have to bring their updated resume and visit PESO, 2nd Floor, New Executive City Hall Building.(MAG-CIO/PIA10)

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P15.00

Oro port is PH busiest outside Metro Manila www.businessweekmindanao.com

T

Friday | June 10, 2016

By MARK D. FRANCISCO, Staff Writer

HE port of Cagayan de Oro is now the third busiest port in the country and number one outside Metro Manila.

Data released recently by the Philippine Ports Authority (PPA) central office showed that the Port of Cagayan de Oro handled 1,398,968 metric tons from January to March this year, third only to Manila North Harbor and the Manila International

Container Terminal.

In its quarterly report, the PPA central office stated that domestic made the bulk of the cargo – 622,499 metric tons of incoming traffic and 605,372 MT of outbound cargo, totaling 1,227,871 MT of domestic freight.

The Port of Cagayan de Oro likewise handled a total of 150,607 MT of imported goods and 20,490 MT of products for export.

For the same period, Manila North Harbor handled 5,557,761 MT in shipments traffic as compared to Manila International Container Terminal’s 3,746,201.

The same report also stated that a total of 50 million metric tons passed through busiest/PAGE 7

BUSIEST PORT. The port of Cagayan de Oro is the country’s busiest outside Metro Manila. (Photo courtesy of Don Albino Sr.)

Storage operators warned in conniving with smugglers

By MARK D. FRANCISCO, Staff Writer

SENATOR Cynthia A. Villar has warned cold storage firms from conniving with unscrupulous traders that smuggle and hoard agricultural products and then swap them with imported ones.

Villar made the warning

in her speech during the 14th yearly conference of the Cold Chain Association of the Philippines held yesterday in Cagayan de Oro City.

As chairman of the Senate’s committee on agriculture, Villar said she has received storage/PAGE 7

ECO-TOURISM. With its cool temperature and vast greenery, the city of Malaybalay in Bukidnon is now touted as northern Mindanao’s eco-tourism capital. PHOTO BY GERRY LEE GORIT

Davao’s property sector continues to boom

By CAMELITO Q. FRANCISCO, Correspondent

DAVAO City -- Committed investments in the real estate sector here reached

P2.895 billion in the first q u a r t e r, u p 5 0 % f r o m P1.935 billion in the same

period last year, data from the Davao City Investment Promotion Center (DCIPC) showed. boom/PAGE 7

STERN WARNING. Sen, Cynthia Villar speaks during the 14th yearly conference of the Cold Chain Association of the Philippines held last Thursday, June 9 in Cagayan de Oro City.PHOTO BY GERRY LEE GORIT

ZANECO is first power coop to sign up with Hedcor’s Manolo Fortich plants

By BONG D. FABE, Contributing Editor

SUPPLY CONTRACT. (L-R) Hedcor AVP Darlene Arguelles, AboitizPower FVP Rochell Donato Gloria, ZANECO Board President Jesus Eduard Tayrus Sr., and ZANECO General Manager Adelmo Laput during the signing of the first bilateral supply contract of Hedcor Wednesday. Witnessing the signing are (standing) ZANECO board of directors and management team.

THE Zamboanga del Norte Electric Cooperative (ZANECO) became the first electric cooperative in Mindanao to take advantage of Hedcor, Inc.’s renewable power plant now being constr ucted in Manolo

Fortich, Bukidnon when it signed Wednesday the first bilateral supply contract for an initial five megawatts (5MWs) of “Cleanergy.”

“Our area is short of power, and with this supply we hope to solve our problem,

this time through renewable energy,” said ZANECO Board President Jesus Eduardo Tayrus Sr., during the signing ceremony at the Dakak Beach Resort.

Z ANEC O is s er ving the cities of Dipolog and Dapitan and surrounding zaneco/PAGE 7

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Xavier University among best accountancy schools in PH XAVIER University – Ateneo de Cagayan soars high as one of the top performing accountancy schools in the Philippines, based on the May 2016 board exam results.

After 28 out of the 37 examine es successf u l ly passed the recent Certified Public Accountant Licensure Examination, XU landed on the 6th spot with a passing rate of 75.68%.

“Congratulations to our new XU Certified Public Accountants!” XU president Fr Roberto C Yap SJ said in his message to the academic community.

May you always strive

to be true professionals of competence, conscience and commitment, he continued.

Xavier was t he s ole university in Cagayan de Oro City recognized on the said list.

The Professional Regulation Commission reported on May 24 that 2,967 out of 6,925 (national passing rate of 42.91%) passed the exam given by the Board of Accountancy in the cities of Manila, Baguio, Cagayan de Oro, Cebu, Davao, Iloilo and Legazpi.

Yap also expressed his gratitude to the School of Business and Management

(SBM) faculty and staff for their guidance and support to the XU Accountancy graduates.

“We thank SBM Dean

Dr Ruth Love V Russell, XU Accountancy Department chairperson Estela S Ganas, the SBM faculty and staff for the guidance and support

they have given to our students.”

Ateneo de Naga (9th place) and Xavier were the only Jesuit universities included

in the list of best accountancy schools nationwide. Only schools that had 20 or more examinees were considered for the ranking. (XU Comm)

Record number of exhibitors, trade buyers seen at Stores Asia Expo 2016 Stores Asia Expo, undoubtedly the best venue for retail-solutions providers to meet prospective clients in the Philippine retail industry, will be back for its 2016

edition on August 10 and 11 at the SMX Convention Center.

The Philippine Retailers Association (PRA) expressed confidence that Stores Asia Expo 2016 will top the previous stagings of the two-day event in terms of number of visitors and exhibitors.

“We have seen the robust growth of the countr y’s retail industry, especially with the entr y of more foreign players and the advancement of technology that makes ecommerce a big part of Filipinos’ shopping experience. This further highlights the importance of Stores Asia Expo as the country biggest venue for networking among retailers and industr y suppliers,” NRCE Overall Chairman Frederick Go emphasized.

St ore s As i a E x p o i s the twin activity of the National Retail Conference and Expo: It is the only focused and dedicated retail

suppliers’ exhibition in the Philippines.

Suppliers of retaili ndust r y s olut i ons and retailers directly link with each other at the event. To be exhibited at the event are Retail Solutions, E-Comm & M-Comm, Shopfit & Stores Design, Digital Marketing and Retail Marketing. “ T h e P R A c are f u l l y puts together the relevant solutions for retailers under one roof, while the attendees are serious trade buyers who visit the expo to really look for the right solutions to grow their business. Stores Asia Expo is really worth the time, effort and resources for both exhibitors and trade buyers,” Go, who is also president of Robinsons Recreation Corporation and Robinsons Land Corporation added.

Limited number of booths are still available.

Interested exhibitors may contact the PRA Executive

secretariat now to book t he sp a c e t he y re qu i re for the Stores Asia Expo 2016. Look for Ms. Mayan Sangil, Project Manager at 6874180-81, or email at communications@ philretailers.com, or visit their website www.nrce-ph. com.

The 23rd NRCE is sponsored by The SM Store and PLDT Alpha Enterprise a s P l at i nu m s p o n s o r s , Robinsons Malls, Ayala ma l ls , Ar ane t a C e nte r, Bench, Wilcon Depot, HP Enterprise, HP Philippines, T h e P h i l i p p i n e S t a r, BusinessWorld, Fascin8, D ut y Fre e Ph i l ippi ne s , HBC, and Shangri-la Mall.

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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Auto sales post another record growth in May THE Philippine automotive industry flourished in the month of May and achieved yet another monthly sales record with 30 percent increase.

In a report issued by the joint meeting of Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA), sales last month reached 30,317 units or 30.3 percent increase versus May, 2015 sales of 27,697 units.

According to the report, the sales in May have brought the industry’s total year to date sales to 134,328 units or 25.2 percent higher than the 107,280 units sold in the same January-May period in 2015.

Of the total January-May sales, the commercial vehicle (CV) segment contributed the largest portion with 83,719 units sold, reflecting a huge jump of 30.1 percent versus 64,342 units sold in the same first five months last year.

The passenger car (PC) segment accounted for the remaining 50,609 units or 17.9 percent higher than the 42,938 units in the same first five months last year.

For the month of May, the PC and CV segments’ sales also posted better than May, 2015 results. Of total sales, the PC segment performed well with 10,893 units and grew by 14 percent from 9,556 units in May last year.

The industry’s stiffer competition complemented with stock availability which drove the sales high as new and refreshed models were introduced to the market.

Within the CV segment, all categories collectively exceeded the sales of same month in the previous year with 19,424 units; an increase of 43 percent from 13,583 units. Category 1 (AUV) garnered 5,426 units which is a 34 percent rise from May, 2015’s 4,060 units; Category 2 (LCV) made 12,867 units sales/PAGE 7

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benefit claims and loans, enrollment for the Unified Multipurpose Identification System (UMID) card, compliance with the Annual Confirmation of Pensioners (ACOP) and application for the ongoing SSS Loan Restructuring Program which is offered to members with past due short-term loans.

Photo shows (front row) SSS President and Chief Executive Officer (PCEO) Emilio S. de Quiros, Jr. (second from right) lead the ribbon-cutting with the assistance of (from left) SSS Biñan Branch Head Roberto S. Pagayunan, Senior Vice President (SVP) for Luzon

PLDT, Inc. and Glob e Telecom, Inc. are looking into the possibility of buying out the minority shareholders of Liberty Telecoms Holdings, Inc. after taking over San M i g u e l C o r p.’s ( S M C ) telecommunications business.

In separate letters to the Philippine Stock Exchange on Wednesday, the incumbent telecommunications service providers said they are

for the Php20,000 pension emergency loan.

Active members are qualified to apply if they are working or residing in the calamity-declared areas, are not on leave of absence without pay, and have no arrears in paying premium contributions in the last six months.

E m e rg e n c y l o an i s payable in 36 equal monthly instalments and carries a 6 percent interest rate per annum computed in advance. It is covered by a loan redemption insurance, which deems the loan fully paid in case of the borrower’s demise provided the loan repayment is up to date.

Active members may apply through any GSIS Wi re l e s s Aut om at e d Processing System (GWAPS) kiosk located in all GSIS branch and extension offices; provincial

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studying the possibility of undertaking a voluntary tender offer to the minority shareholders of Liberty Telecoms.

“We are currently in the process of studying the possibility of conducting a tender offer,” Globe Telecom said.

PLDT noted that such a move “will take into consideration, among others,

the business plans for VTI (Vega Telecoms, Inc.) and its subsidiaries, including LIB.” The telecommunications groups each acquired 50% of the issued and outstanding capital stock of Vega Telecoms, an unlisted subsidiary of the Ramon S. Ang-led conglomerate SMC, in a $1.5-billion transaction on May 30.

Liberty Telecoms is the

listed subsidiary of Vega Telecoms.

Following the acquisition of Liberty’s parent, the PSE requested input from PLDT and Globe Telecom on the applicability of standing rules on tender offers.

Liberty Telecoms has 1,293,656,429 shares outstanding. The company’s public free float stands at 12.82%.

LeadSurf joins Globe’s Project 1 Phone e-waste recycling program LEADSURF Data Marketing Inc. joins Globe Telecom’s call for responsible electronic waste disposal by donating defective mobile phones, computers, and other office equipment to Project 1 Phone

Operations Group Josie G. Magana and Vice President for Luzon South 1 Division Virginia S. Cruz.

Also present were (second row, from left) SVP for Administration Group May Catherine C. Ciriaco, Assistant Vice President (AVP) for Media Affairs Department Ma. Luisa P. Sebastian, AVP for Performance Management and Employee Relations Department Daisy S. Real, Special Assistant to the PCEO Maria Lourdes N. Mendoza (partly hidden), and AVP for Branch Expansion and Management Services Department Gloria Y. Cuisia.

GSIS offers emergency loan in Zambo areas Government Ser vice Insurance System (GSIS) allotted more than Php116 million in emergency loan for its active members and old-age pensioners in the entire province of Z amboanga del Norte, R. T. Lim in Zamboanga Sibugay, and Dimataling in Zamboanga del Sur due to ill effects of El Niño.

A total of 1,224 members in Zamboanga del Norte who are borrowing for the first time may avail of a Php20,000 emergency loan, while 1,023 members with existing emergency loans may borrow Php40,000, from which the outstanding balance will be deducted.

I n R . T. L i m a n d D i m at a l i ng , a l l 1 , 0 3 3 me mb e rs may b or row Php20,000.

A total of 1,519 old-age pensioners in the three calamity areas may apply

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PLDT, Globe studying buyout of Liberty Telecoms minority

SSS opens larger Biñan branch The Social Security System (SSS) formally opened on May 23 its new Biñan branch, which was relocated from its previous site in Olivarez Plaza to a larger location in Central Mall Biñan to provide better services to about 10,000 employers, 70,000 employees and 21,000 self-employed and voluntary members.

The L aguna branch, which serves residents and businesses from a total of 51 barangays from the cities of Biñan and San Pedro, handles a wide range of transactions such as SSS registration of members and employers, filing of

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capitols; city halls; selected municipal offices; large government agencies such as the Department of Education; Robinsons Malls; and selected SM City branches in North Edsa, Manila, Pampanga, Cebu, and SM Aura in Taguig.

Old-age p ensioners are required to personally apply at the GSIS Dipolog or Pagadian Branch Office to secure their identity and loan transaction. If they are also active members (for having been reemployed in the government service), they may borrow emergency loan only once.

The deadline for loan application is June 28, 2016.

For inquiries, members and pensioners may call the GSIS Contact Center at 847-4747; visit the GSIS website, www.gsis.gov.ph; or email gsiscares@gsis. gov.ph.

(P1P), the biggest and most ambitious e-waste recycling program in the country.

LeadSurf, a client of Globe MyBusiness, provides technical and customer support services, marketing of software products and services across South East Asia region, including hub offices in Taiwan, Hong Kong, Singapore, Greater China and the Philippines.

“We are proud to partner with Globe Telecom for the Project 1 Phone campaign which connects to our

primary goal of including environmental sustainability in our business practices.

With Project 1 Phone, we can now express our commitment to create wonderful and relevant solutions to the environment by reducing our e-waste within the premises of the company,” said Leadsurf Executive Eddie Chou.

At the same time, Chou said they are extending the campaign to LeadSurf e m p l o y e e s . “ We a l s o encourage all of our

employees to support the environmental cause not only to reduce e-waste but also to give back to our society by enjoining Globe Telecom’s continuing efforts in building more classrooms in the Philippines especially in Aklan,” Chou added.

P1P was launched by Globe in September 2014 to create awareness on proper e-waste disposal and to promote sustainability. This is in view of the widespread pr a c t i c e w or l d w i d e of program/PAGE 7

The SM Store Independence Day Weekend Deals Celebrate Independence Day at The SM Store. Free to choose! Free to shop!

Enjoy up to 50% off on fab finds on June 10-12. Promo highlights is extended until June 15 in celebration of the City Charter Day. Happening only at SM City Cagayan de Oro.

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Be First Think a minute… A mother had not spoken to her son for 3 years because of an argument they had. Even after 3 years the mother was still offended and felt her son should apologize first, not her. By now she had become very sick and was even planning on dying without making peace with her son. But finally, the mother decided to be the f irst to humble hers elf and ask her son to forgive her. Immediately her son apologized to her and they became close friends again.

You k now, w hen we choose to stay angry and hold a grudge against someone, we believe the lie that our being right is more important than our being happy and healthy. But it’s not! The only way to be at peace in your own life is for you to forgive others. You be wise and strong enough to be the one to apologize, even if you’re older. You be the peacemaker and take the first step.

Yet sadly, many of us would rather boil in our anger because we feel the other person was wrong and they owes us an apology. You see, maybe we were right.

But life’s just too short to wait for everybody in life

THINK

A Minute

Jhan Tiafau Hurst who has wronged us to finally come to us first and apologize. It just isn’t going to happen that way. So the sooner we swallow our pride and be the peacemaker, the sooner we’ll be free and happy.

That’s exactly what God the Son, Jesus Christ, did for you and me. We are the ones who wronged and rejected God, yet He still loved us enough to humiliate Himself by becoming a human being to live and die for all our wrongs against Him and others. He did it so you and I could be at peace with him both now and forever after we die. He did everything for us. All we have to do is ask Jesus for His gift of forgiveness and new life. You see, it’s hurst/PAGE 7

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I Cannot Miss Perfecto Yasay’s Vindication P e r f e c t o Ya s a y, J r.’s rise to the helm of the Depar tment of Foreign Affairs (DFA) reminds us how his detractors bow down for they cannot stop the God who vindicates.

Never mind if some of the board of trustees of Central Philippine University (CPU) closed the door for him years ago in a corporation meeting at CPU even if Yasay was a legitimate member of the corporation. To inform my readers, one of the regional newspapers headlined that issue.

The CPU BOT was afraid of just one vote, and now this one vote is adequate to cast a spell of awe. How do you define “majority”?

Never mind those who brag that they know much when they know too little.

Some heads (?) or tummies (?) are bigger than their talents and when the stage lights are on, grace in a dance will simply elude them because of the weight.

Now I see that those who haughtily closed the door for Yasay have a hard day: they realize that the exemplar they were trying to shut is too beautiful for them and not the other way around.

The institution that did it

to him can, at last, grasp that it is just dependent on the gifts of those who do not align with their thinking; while the talents of their flatterers are just like fireflies before the sun—for what talent becomes really prodigious if enslaved by the less exemplary? This is not the first time that naughty things happen in that milieu.

They locked a real prodigy? Good for them: they do not deserve to catch a spark of greatness and are only fit to sing anthems of their own greatness within their premises.

Now I can see that some of these door lockers could have become turncoats and congratulate Yasay for his current feat. This might be an expedient move but also the most shameful way of showing that they scamper and flock where the glitter is, which should have slowly shun them. And we know why. *************** I can hear some bantering voices reacting to my writing above from my erstwhile university (CPU) in Iloilo City where I worked as a faculty. Are they saying they have earnedCenter of

Excellence (COE) programs recently on their own?

Well, they cannot boast too much for something they did not do. The institution did not achieve that status by relying on its flatterers.

The weight of my research and international peerreviewed publications in that COE program is at least 80% and we know that these are the main criteria used worldwide regardless of any excuses. I say I contributed 80% because if we are only talking about the number of researches, we cannot give equal credit to those that possess no great shakes.

The assessment includes whether or not these are peripheral concerns or are truly advancing the field of discipline.

Let us do the accounting to clarify: if the ratio of the total researches that made that program a COE status is 10 (mine) is to 11 (others), we exclude the likes of tracer surveys that are not intellectually meritorious and we also consider the level of competition in obtaining an individual grant (one slot) in the national scale. If the fraction of publications is seven (mine) over three (others), that is glaring; we

lucell larawan also look whether or not the publications are local or international. Therefore, one does not become presumptuous in saying that he is responsible for 80% of that COE status—a feat that no bootlicker can equal.

Sorry, I did not flatter you but you got too much from me. Why did your eulogists fail to deliver? Where are they?

Anyway, out of innate generosity,I have givenyou that COE status to enjoy for three years despite of your persecutions (unlucky for you). But after three years, show me how good your eulogists are to keep that COE status.

(For comments, email lucelllarawan@gmail.com).

Here’s an invitation to a high school reunion LIFE’S INSPIRATIONS: “…

Train the child in the way that he should go, and he will not depart from it when he grows old…” (Proverbs 22:6, the Holy Bible).

-ooo GRAND REUNION SET FOR NRMC HIGH SCHOOL GRADUATES: One awesome and truly great school in Central Luzon in the 1970s through the 1990s was the Dr. Nicanor Reyes Memorial Colleges (NRMC) in Paniqui, Tarlac, where I finished my high school education in 1973. It was owned by the family that also owned, then and now, the world-famous Far Eastern University in Manila (and now in Diliman, Quezon City, too).

For one mysterious reason or another that was never explained fully, however, NRMC closed down in 1998 or so. It could not have been due to financial reasons because NRMC was a school that generated heavy enrollment from many areas of the whole of Luzon, and was therefore totally profitable.

But whatever be the reason for NRMC’s closure, its graduates from its high school department from 1950 to 1998 are not about to let the fond memories of their stay in NRMC go down

the drain. They are literally fighting back to immortalize their togetherness, as it were, during the times they were carefree and full of visions and dreams, and this they intend to do with one grand alumni homecoming in March 2017.

-ooo HERE’S AN INVITATION TO THE NRMC REUNION: So, here’s a personal message to those concerned: if you graduated from NRMC High School Department somewhere between 1950 and 1998, you are expected to attend and meet not just your fellow graduates, but even the others who graduated before and after you finished your secondary course with the school.

According to Dr. Rowena Abubo Bautista, the president of the NRMC High School Class 1973, the date of the grand alumni homecoming has been set on March 25-26, 2017. The venue however is yet to be chosen, but it is more likely to be held at the public auditorium infront of the Paniqui Town Hall.

There is now a core group which is undertaking the preparations, as Dr. Bautista’s message in the Facebook account known as NRMC HS 73 says: “We already have the interim officers to prepare for

the homecoming this coming March. I have added some of our batcmates to the group so, please add the others too for easier dissemination of advisories. We would like also to include during this time our batch reunion so we will be hitting 3 birds with one stone…”

-ooo RELIVE THE PAST, THE JOYS AND PAINS OF HIGH SCHOOL LIFE: Indeed, there is something greatly emotional in the life spent by everyone as a high school student. For many, it was during their high school days that greater academic achievement had been pursued and attained, as well as having their youthful hearts tied up with puppy loves, crushes, and, for some, longer-lasting relationships.

I know, for example, that many of those who studied together in NRMC ended up being husbands and wives who are still living together.

Some, however, have had the misfortune of soured relationships and have parted ways, seeking the embrace of others. Others simply got contented with nurturing secret loves, but finding their hearts beat faster and their stomachs flutter, just by seeing the former apple of their eyes, even now.

K akampi

Mo A ng Batas

Atty. Batas Mauricio The NRMC Grand Alumni Homecoming on March 2526, 2017 is therefore worth attending, if only to catch up with old friends, and perhaps, old flames. I am therefore writing about this here, in the hope of generating as much interest, and as big an attendance, as possible, to make this reunion of a lifetime a successful reality.

Let’s go, fellow Nicanorians!

-ooo REMINDER: For those who have questions about the March 25-26, 2017 N R M C G r a n d A lu m n i Homecoming, you can post your queries at the Facebook page NRMC High School Class of 1950-1998 Grand Alumni Homecoming. Or you can perhaps approach Tito Valenzuela, Col. Joe Mina, or even Dr. Rowena Bautista.

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PH now a major player on virtual currency usage: BSP T HE Philippines, being a tech-savvy nation, is now estimated to be the third country in the world in terms of virtual currency (VC) usage.

Since its introduction in 2009, VCs like Bitcoin have been widely used around the globe despite the fact that no central bank has ever issued it, thus, it is unregulated and is not backed by any commodity such as gold and silver unlike existing legal tenders and coins.

VCs are b eing us ed through online transactions to purchase virtual goods like online gaming environment and social networks as well as real goods and services provided by retailers and restaurants, among others.

Online data say Bitcoin was introduced in 2009 as a peer-to-peer payments

system. It is a digital currency said to have been developed by inventor Satoshi Nakamoto, who, on the other hand, has denied it.

Bangko S entral ng Pilipinas (BSP) Deputy Governor Nestor Espenilla Jr., in a briefing said, VC capitalization around the globe amounts to about USD 3.6 billion, to date. ”In the Philippines, bitcoin exchanges or estimated transactions passing through registered companies here range between USD 2-3 million per month. So it is not a small amount of transactions,” he said.

In March 2014, the BSP came out with an advisory warning the public that use of VCs remain unregulated, thus, consumers are not protected from financial losses.

Espenilla said they have issued advisories on VCs “to get the public, first of all, to think about the risks in using any particular financial products.”

“Our belief is that BSP cannot always be around to protect the public. That publ i c must , f i rst and foremost, learn to protect itself,” he said.

The central bank executive, however, assured the public that the BSP is continuously studying VC usage intricacies “to formally regulate virtual currencies.”

“We are looking at it for two important reasons – aspects of money laundering and consumer protection concerns,” he said.

Esp enilla said thes e factors are among the risks on the use of VCs citing that “Bitcoin prices may vary

and customers might get the wrong idea and invest with it and think that is has the same value.”

He, on the other hand, said Philippine monetary officials have recognized a possible advantage of VC usage on remittance transactions to lower its rates.

Earlier, BSP Governor Amando Tetangco Jr. said t he y are ass e ss i ng t he possibility of VC usage as low-cost remittance solution.

“We are trying to better understand the intricacies of its use and implications on consumer protection.

T h is i n nov at i on c ou l d possibly offer a low cost remittance solution, but we would need to have some level of confidence that the weaknesses could be addressed,” he said.

Sun Life bats WB keeps forecast for PHL despite for 5-M clients cutting global growth projection by 2020 T H E Wo r l d B a n k h a s downgraded to 2.8 percent r e m a i n s t h e m o s t SUNLIFE Philippines is setting an ambitous goal of expanding its client base to 5 million by 2020, from 1.5 million today, according to CEO Rizalina Mantaring.

The insurer says it will mine more provincial areas and tap partnerships with private firms and educational institutions to promote financial literacy and grow its client base.

Sunlife is also hoping to close another infrastructure investment this year or next after the success of its maiden investment in a power project in Mindanao.

To make infrastructure financing more attractive, said Mantaring, the Insurance Commission should ease the Bats/PAGE 7

BusinessWeek MINDANAO

maintained growth forecast for the Philippines despite downgrading global growth projection in its latest report.

In its Global Economic Prosp e c ts publishe d in Wa s h i n g t o n Tu e s d a y e v e n i n g ( We d n e s d a y morning, local time), Wo r l d B a n k h a s k e p t growth projection for the Philippines at 6.4 percent this year and at 6.2 percent for 2017 and 2018.

This is despite the World Bank having cut global growth forecast by end-2016 to 2.4 percent from the 2.9-percent growth projected at the start of the year.

Growth projections for 2017 and 2018 were also

and 3 percent, respectively, from its initial forecast in January at 3.1 percent for the next two years.

Ac c ord i ng to Wor l d Bank, slower global growth is projec ted due to the struggle of commodityexporting market and developing economies to adapt to lower prices of oil and other key commodities.

“This sluggish growth u n d e r s c o r e s w h y i t ’s critically important for countries to pursue policies that will boost economic growth and improve the lives of those living in extreme poverty,” said World Bank Group President Jim Yong Kim. “Economic growth

important driver of poverty reduction, and that’s why we’re very concerned that growth is slowing sharply in commodity-exporting developing countries due to depressed commodity prices,” he added.

World Bank data also showed that Philippine g row t h proj e c t i on t h i s year is stable compared to its neighboring ASE A N c ou nt r i e s su ch as Indonesia, Malaysia, and Vietnam.

For this year, World Bank’s growth forecast for Indonesia declined to 5.1 percent from 5.3 percent in January; Malaysia to 4.4 percent from 4.5 percent; and Vietnam to 6.2 percent from 6.6 percent.

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

friday|June 10, 2016

OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

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

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

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

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

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

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

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

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

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

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

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

METRO BANK- GAISANO 8561720

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

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

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

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

Dreamboard Artists now have a regular gig every Sunday noon at Limketkai Events Center. PHOTO BY MARK FRANCISCO

5

2014 ppi’S Best in ENVIRONMENTAL Reporting

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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L ifeStyle 6 Book your Japan adventure with gohotels.ph!

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YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

friday|June 10, 2016

G

o Hotels is now accepting online bookings for Karaksa Hotels in Kyoto and Osaka Shinsaibashi, Japan starting May 3, 2016.

Karaksa Hotels is a new economy Japanese hotel brand owned and developed by hotel operator Xymax Corporation which Robinsons Land Corporation (RLC) recently partnered with. Under the partnership, Xymax will be able to sell its Karaksa Hotels in Japan to the Philippine market through the website of RLC’s Go Hotels, www.gohotels.ph to address the growing demand of Filipino tourists traveling to Japan.

Karaksa Hotels is similar to Go Hotels in terms of being a value essential hotel offering the basic travel necessities with added innovations in room amenities and facilities to adapt to Japanese standards.

The Japanese hotel brand offers Southeast Asian comfort, hospitality and convenience by providing accommodations designed and inspired by Japanese tradition.In addition to local Japanese staff, the hotel also employs personnel who are well-versed in English, Tagalog, and Indonesian.

Adding to this culturally-diverse facet, one of the facilities of the hotels is a prayer room for Muslim guests. All guest rooms are nonsmoking, equipped

with flat screen TV with international channels, universal wall socket with built-in USB charging ports, desk and chair, mini refrigerator, complimentary toiletries, hair

dryer, hot and cold shower, and free high-speed internet service.

Aside from Double deck (available only in Osaka Shinsaibashi) and Twin rooms, Karaksa Hotels

have connecting rooms that cater to large groups and families travelling together. Guests may also enjoy the large social spaces designated for leisure and relaxation that

include vending machines dispensing food and souvenir items.

The two branches, Karaksa Hotel Kyoto and Karaksa Hotel Osaka Shinsaibashi, are conveniently located just a few

minutes walk from Shijo-Omiya Station and SakaisujiHommachi Station, respectively.

For more information, visit www.gohotels.ph.

Book your Japan adventure today!

BusinessWeek MINDANAO

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2013 ppi’S Best in Business and Economic Reporting

friday|June 10, 2016

Busiest...

Boom...

the various ports nationwide in the first quarter of 2016, up 6.4 percent from only 47 million metric tons for the same period last year.

A s e p ar ate re g i ona l National Economic and Development Authority (Neda) quarterly report, which includes data on local port calls, is expected to be later this week.

The PPA report came days after the Philippine Statistics Authority (PSA) released its own 2015 census results, putting Cagayan de Oro with a 2.23 percent population growth rate, cementing its status as the center of business hub in this part of the country.

The number of building permits released during the first three months of the year also increased 23% to 1,270.

DCPIC head Ivan C. Cortez said growth in the property sector has been monitored since a decade ago “but it has been growing rapidly in the last three years with some big companies putting up their investments.”

M r. C o r t e z s a i d homegrown developers have been aggressively expanding alongside the entry of the country’s major real estate players in recent years.

Ricardo F. Lagdameo, vice-president of the Davaobased Damosa Land, Inc., said the bullish sentiment was further lifted by the election of outgoing Mayor Rodrigo R. Duterte to the presidency.

“Hi s l e a d e rsh ip h a s provided a better business climate and I hope this can be translated in a national scale,” Mr. Lagdameo told BusinessWeek Mindanao in an interview.

Damosa Land, which has horizontal and vertical residential projects as well as commercial developments, is fast-tracking the completion of its first condominium venture, which has seen good sales. The six-building Seawind, located at the northeastern side of the city fronting the nearest tip of the Island Garden City of Samal, was originally set to be completed by 2021.

“But because of the high demand, we are shortening the period to 2019,” said Mr. Lagdameo.

VISTA’S DAVAO EXPANSION The southern Mindanao cluster head of Vista Land and Lifescapes, Inc., the country’s biggest builder, said the company’s founder and former Senator Manuel B. Villar, Jr. gave them marching orders to prepare for more investments in the Davao Region.

“M r. Vi l l a r i s v e r y optimistic about Davao City and southern Mindanao during the term of (Mr.) Duterte. He sees an influx of investments, infrastructure, tourists and there will be a lot of economic movements in Davao and in Mindanao and (Mr.) Villar wants to capitalize on this situation by pouring more investments and develop more horizontal projects,” said Marlon B.

from page 1

from page 1

Storage... from page 1

reports that smugglers are in cahoots with cold storage operators by not allowing local traders from using their facilities so that perishable agricultural products would have lesser shelf life, thus results to shortages thereby opens the floodgates for smuggled imported products.

“To prove it, we inspected some cold storages and we discovered that they were empty. But if they were asked by local traders for storage, ang sabi nila puno na raw,” the senator said.

Villar urged the Cold Chain Association of the Philippines to be vigilant and police their ranks in order not to exacerbate the problem on supply.

“I cannot overemphasize that your role in the supply, storage and distribution of chilled/frozen food products is very crucial,” she said.

The senator asked cold storage operators to establish linkages with government and other key sectors to help ensure food security in the country.

It can be recalled that President Aquino recently signed into law Republic Act 10845 classifying agricultural smuggling as economic sabotage, thus imposing harsher penalties for violators.

In a separate interview, Cold Chain Association of the Philippines president Anthony Dizon denied that his members have been in cahoots with smugglers, adding that there are many cold storage operators in the country who are not members of their group.

Republic of the Philippines Province of Misamis Oriental Municipality of Naawan OFFICE OF THE MUNICIPAL CIVIL REGISTRAR Publication Notice RA 10172

Escalicas, head of Vista Land’s Camella group in the area.

Mr. Villar’s son, Las Piñas Rep. Mark A. Villar, has been tapped by Mr. Duterte to head the Department of Public Works and Highways.

“Vista Land aims to work hand in hand with government in bringing development in the countryside, and in all parts of the country we want us to be a partner of the progress and catalyst of change,” Mr. Esalicas said in an interview.

“North Davao (City) is being developed as the next district with the upcoming sports dome, Lyceum School, and it is near the ‘Malacañang of the South.’ It’s worth expanding,” he added.

ZANECO... from page 1

municipalities in Zamboanga del Norte.

Adelmo Laput, ZANECO general manager, said that the contract with Hedcor ensures that the maximization of renewable energ y in the electric cooperative’s portfolio. Earlier, it signed supply contracts with Therma South and Therma Marine to s ecure the bas eload and peaking demand of Zamboanga del Norte.

Wednesday’s signing of the supply contract was made amid calls for greater share of renewable energy in Mindanao’s power mix.

Hedcor Assistant Vice President Darlene Arguelles expressed confidence that Hedcor will be able to “deliver as promised” ZANECO’s needed power supply once its 68.8-MW run-of-river power plant goes online in 2017.

Hedcor is now constructing, to the tune of P12.5 billion, two cascading plants in Manolo Fortich, home of the first pineapple plantation in the Far East.

Groundbreaking ceremony for the 43.4-MW Manolo Fortich Hydro 1 and the 25.4-MW Manolo Fortich Hydro 2 was held on April 22, 2015.

Together, the Manolo Fortich plants will generate of total of 360 gigawatt hour (GWh) of electricity every year.

“We praise the zealousness of ZANECO in ensuring they get renewable energy to meet the needs of their growing franchise area,” Arguelles said.

With ZANECO’s example,

Hedcor is “looking forward to s er ve ot her ele c t r ic cooperative as they strive to push renewable energy into their portfolios,” she added.

Hedcor’s power plants at present produce around 185 MWs of “Cleanergy”, the AboitizPower’s brand of clean and renewable energy.

The company hopes that electric cooperatives will take advantage of hydropower to create a balanced portfolio of energy sources.

Its Manolo Fortich plant, so far its largest project in Mindanao, is Hedcor’s show of commitment to sustain the growth of the island.

“We are here not only to support the growth of Mindanao economically, but also sustainably,” said AboitizPower First Vice President Rochell Donato Gloria.

Aside from the Manolo Fortich plant, Hedcor also owns and operates run-ofriver hydro power plants in Benguet, Mt. Province and Davao del Sur. In Mindanao, Hedcor delivers power to Davao Light and Co. through the Talomo, Sibulan and Tudaya power plants and the Davao del Sur Electric Cooperative (DASURECO) through its Tudaya power plant.

AboitizPower, through its wholly-owned subsidiaries, is planning to develop another four to five hydropower plants in addition to its 22 hydropower plants already online in Benguet, Davao City, Davao del Sur, Ilocos Sur and Mt. Province to meet its target of 2 billion-kilowatt hour (kWH) annual power generation by 2020.

It i s a l s o t appi n g geothermal energy sources and is set to start exploration and development of geothermal power plants in Mt. Apo and Mt. Sibulan.

Program... from page 3

t hrow ing ob s ol e te and unwanted electronic and electrical devices into the trash, thereby causing toxic metals such as lead, mercury, cadmium, and beryllium to be released into the air and seep into the ground and waterways.

“We are very excited to see more and more companies like LeadSurf responding to our appeal to dispose their e-waste properly and to promote stronger social and

Republic of the Philippines AUTONOMOUS REGION IN MUSLIM MINDANAO Province of Lanao del Sur OFFICE OF THE MUNICIPAL REGISTRAR R.A. 9048 / 10172 NOTICE TO THE PUBLIC

In compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-01, Guidelines in the Implementation of the Administrative Order No. I, Series of 2013 (IRR of RA 10172), Notice is hereby served to the PUBLIC that JOSE MARIA D. RELLON has filed with this office a petition for correction in the entry of sex from “MALE” to “FEMALE” in the Certificate of Live Birth of JOSE MARIA DADOLE RELLON who was born on November 13, 1994 at Linangkayan, Naawan, Misamis Oriental and whose parents are JHONNY L. RELLON and MELODIA Z. DADOLE.

Any person adversely affected by said petition may file his written opposition within this office not later than June, 2016.

In the compliance with the publication requirement OCRG Memorandum circular No. 2013-1 guidelines in the implementation of the administrative order no. 1 series of 2012 noticed is hereby served to the public that ARIFAH-NANGCO LUCMAN ARIFFUDIN has filed with the office petition correction the GENDER FROM Male to Female whose parents are ARIFFUDIN LUCMAN DIRAGUN and NANGCO LUCMAN DIRAGUN. Any person adversely affected by said petition may file his written opposition with this office not later than MAY 25, 2016.

BWM: June 3 & 10, 2016

(Sgd.) marlon s. dacoco Municipal Civil Registrar

BWM: June 3 & 10, 2016

Sales... from page 3

or 45 percent gain over 8,903 units; Category 3 (Light Trucks) accomplished 704 units or 102 percent surge from 349 units; Category 4 (trucks & buses) attained 283 units or 57 percent growth over 180 units; and Category 5 (heavy duty trucks & buses) achieved 144 units or 58 percent increase over 91 units.

DEED OF ABSOLUTE SALE OF A PARCEL OF LAND

(Sgd.) Amerol M. Diongkat Municipal Civil Registrar

Hurst... from page 4

only when we ask Jesus to take charge of our heart that we will have His love and strength to be the first to forgive and make peace, so we can enjoy a happy life with our family and friends.

Today, won’t you ask Jesus to give you His power to be a peacemaker—before it’s too late? Just Think a Minute…

Bats... from page 5

capital restrictions on such investments.

“We are really working more [in the] provincial [areas] because now we’re still heavily concentrated in Metro Manila.”

She said they are also talking with the Insurance Commission “to give us also incentives or relief [if the] investment [is in infrastructure].”

“Right now, the risk -based capital requirements for insurance companies, depending on the form of the investment (if it’s a loan, capital charge is as much as 30%),” observed Mantaring, noting that this rate is just about the same as that for stocks. This shouldn’t be the case, she said, because the former is not as risky, “and a lot of them have guarantees.

So we are talking with the IC now to lower the risk-based capital requirements. We are hoping they’d at least lower it.”

EXTRAJUDICIAL SETLEMENT OF ESTATE WITH ABSOLUTE SALE OF A PARCEL OF LAND

Notice is hereby given that the intestate estate of the late SEMEONA GUIBONE left a RESIDENTIAL LOT known as lot 3882 T.D. No. 04000204948 containing an area of 381 square meters. That PORTIA C. DAGANDARA of legal age, single, and a resident of Mambajao, Camiguin the Attorney-in-Fact of the Heirs of Semeona Guibone.

That for in consideration of the sum of ONE HUNDRED THOUSAN D PESOS ( P h p 100,000.00) hand paid by Sps. ISMAEL E. LEBOSADA and LUZ V. LEBOSADA a resident of Agoho, Mambajao, Camiguin.

That PORTIA C. DAGANDARA as attorney-in-fact with co-heirs PRECIOSA C. CARRETAS, RUBY C. UY and EMMA CALAPANLONIO hereby absolutely SELL, CEDE, TRANSFER and CONVEY the residential Lot free from any lien or encumbrance is the subject of DEED OF ABSOLUTE SALE OF A PARCEL OF LAND Under Notary public VITO M. CARILLO per doc. No. 925; page No.62; book No.87; series of 2015

Notice is hereby given that the intestate estate of the late MAXIMINO BALBAS & CARMEN L. BALBAS left a parcel of land located at Centro, Mambajao, Camiguin known as Lot 149678 under T.D. No. 0101516 containing an area of 398 square meters that the only surviving daughter MARIA VISITACION L. BALBAS of legal age, single, Filipino and a resident of Mambajao, Camiguin adjudicate unto herself exclusive ownership of the aforementioned property and in consideration of the sum of ONE HUNDRED THOUSAND PESOS (P 100,000.00) hand paid

by Sps. GILBERT R. VELASQUEZ and ROSELA G. VELASQUEZ hereby acknowledged to her full satisfaction and absolutely SELL, CEDE, TRANSFER and CONVEY the above described property unto the vendees free form any lien or encumbrance is the subject of EXTRAJUDICIAL SETLEMENT OF ESTATE WITH ABSOLUTE SALE OF A PARCEL OF LAND Under Notary public VITO M. CARILLO per doc. No. 515; page No.180; book No.87; series of 2016

BWM: May 27, June 3 & 10, 2016

BWM: May 27, June 3 & 10, 2016

Republic of the Philippines AUTONOMOUS REGION IN MUSLIM MINDANAO PROVINCE OF LANAO DEL SUR MUNICIPALITY OF KAPATAGAN Office of the Municipal Civil Registrar

May 25, 2016

NOTICE TO THE PUBLIC CCE-0006-2016 RA 10172

environmental practices in their respective workplace. In support, Globe is always ready to gather all their e-waste and turn them over to leading electronics waste recycler TES-AMM to ensure that they are managed responsibly,” said Fernando Esguerra, Globe Director for Citizenship.

TES-AMM works on recovering precious metals and plastics from the recycled gadgets, the proceeds of which go to the classroom building program of Globe in the province of Aklan.

So far, Globe has already constructed seven Noah’s Ark classrooms, 39 regular classrooms and 11 creative spaces in Aklan.

To support Project 1 Phone, you may drop your e-waste in recycling bins located at Globe Stores or email bridgecom@globe.com. ph for partnership inquiries.

(PNA)

7

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YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

NOTICE TO THE PUBLIC CCE-0001-2016 (RA 10172)

02 June 2016

In compliance with the publication requirement & pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of Administrative Order No. 1 Series of 2012 (IRR on RA 10172). Notice is hereby served to the public that MORSIDA BILANG GOMONSANG has filed with this office, a petition for correction of entry in gender/sex from MALE to FEMALE in her Certificate of Live Birth who was born on 30 April 1992 at Kapatagan, Lanao del Sur and whose parents are SARIPODEN CASAN GOMONSANG and CAIRAN CARINDAY BILANG. Any person adversely affected by said petition may file his written opposition with this office.

BWM: June 3 & 10, 2016

(Sgd.) Amerol M. Diongkat Municipal Civil Registrar

8

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YOUR Mindanao-wide BUSINESS paper friday | june 10, 2016

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B1

Montierra grand launch this Independence Day S

By MARK FRANCISCO

UNDAY, June 12, is not just the 118th Independence Day commemoration of the country.

It also marks another milestone in Cagayan de Oro City. For this day, the grandest subdivision investment of Johndorf Ventures Corp, will be unveiled.

Montierra, conveniently located at Upper Balulang, this city, will reshape townhouse living just the way you want it.

And nothing is more apt than launching it on Independence Day as a symbol of emancipation in searching for an excellent home for you and your family.

Owning a singledetached home built by

a developer where you’d find your immediate neighbors’ fence a few meters away may be far from one’s financial reach. Much more if you have one singularly built for yourself even in a suburban area in the metropolis.

The best option for those who practice their profession or undertake their trade in the city would be to acquire, own and live in a townhouse built in a vibrant modern community.

You can get a lot in the same stuff in a townhouse that you can find in a regular free-standing house but yet at a more attainable price including the upkeep of your immediate surroundings.

Being part of a

townhouse community who are in relatively the same status and upbringing could mean that neighbors are more likely to know one another and be more interactive, cooperative and even

helpful.

This works well for those who travel often or those who need to leave at home kids or seniors who may need some assistance or even just to occasionally watch over

one’s home while everyone is away.

A condo unit in the city may be an option if only meant as a second home but one’s investment generally covers just but an airspace for living, not

a direct ownreship of a piece of land.

More than the land where your townhouse stands, you still have more land space for your garage and a yard for a garden montierra/PAGE B3

Let Your Kids Watch Walt Disney Movies Walt Disney has played a big part in my life. Ever since I was a little girl and up until now, I love watching most of their movies. I also love going to Disneyland theme parks because it’s such a happy place.

Let me tell you why I love watching Disney movies…

Beauty and The Beast taught me to dream, that fairytales could come true and there’s so much more to the provincial life. It also taught me not to judge people with their looks because beauty comes from within.

Cinderella taught me the importance of courage and kindness.

Ariel from The Little Mermaid made me realize that with love, anything is possible.

And, that you can be a part of any World where you feel that your heart belongs.

Aladdin taught me to be

honest with who you are and to be yourself. No matter what your past may be, you can still be great someday as long as you believe.

Pocahontas taught me that even with different cultures, with love, anything is possible.

The Lion King taught this to be true… That the past can hurt but it’s either you run from it or learn from it. And of course, Hakuna Matata - It means no worries for the rest of your days.

Those are just a few of my favorite Walt Disney movies back then. But, they just keep on getting better and better on making movies and inspiring not only children but also us adults.

The more recent ones are Ratatouille… One of best movies ever… So many great quotes like, “Only the fearless can be great.” “If you focus on

what you have left behind, you will never be able to see what lies ahead.” “You must not let anyone define your limits because of where you come from. Your only limit is your soul.”

Frozen made me realize that only an act of true love can thaw a frozen heart. Also, to just let go of our worries and fears and to accept who we truly are.

Alice in Wonderland reminds me that it’s okay to have crazy ideas because all the best people are.

Inside Out taught me that even Sadness plays an important role in our lives in order for us to appreciate Joy. Without the hard times, how can we appreciate the good times?

Tomorrowland taught me that dreamers should stick together. To find the ones who

never give up because they are the future.

The Princess and The Frog reminds us that to get what we want is through hard work but to never lose sight on what’s really important, love and family.

Tangled taught me to never stop dreaming…

UP taught me that it’s never too late for new adventures.

The Princess Diaries taught me as what Eleanor Roosevelt said, “Nobody can make you feel inferior without your consent.” That from a normal girl you can be a Queen. That you can inspire people by just being yourself. To follow your heart.

Maleficent… When we are lost in hatred and revenge, only an act of true love can heal us. disney/PAGE B3

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Beneficiaries with Technical Skills Thrive to Improve their Livelihood Cagayan de Oro City --The Department of Social Welfare and Development continues to empower Pantawid Pamilya beneficiaries through its Sustainable Livelihood Program. One of its commendable approaches

provides life skills training as a capacity-building strategy to prepare program participants to better manage livelihood opportunities and proactively measure and ensure optimum quality performance in managing

Reynan

livelihood activities.

The department partners with schools or institutions which are accredited by Technical Education and Skills Development Authority (TESDA) to be able to provide the best training and eventually produces the best graduates who would be certainly qualified for any technical and well-paid jobs.

As it has been grasped and materialized by some DSWD’s beneficiaries like Reynan Amonhay and Guillermo Baliling Jr., it is easier to find job when you have credentials to show, they said.

Reynan Amonhay, 22 years old, single and out of school helps his father in farming to be able to provide for their huge family. Reynan along with his eleven siblings, work hand in

hand to survive their daily needs. Although he has completed his high school, he didn’t have much skill to boast and look for a job.

“Karon malipayon kaayo ko sa akong nakab-ot sa akong kinabuhi, bisag high school graduate rako naka trabaho ko ug natagaan ko sa dakong kahigayonan nga mulambo pinaagi sa natabang sa DSWD ug nahatag nga bag-o nga kahanas sa 1 AND ALL Technical School, I am really glad because of this milestone in my life, that despite the fact that I am only a high school graduate, I was able to find a job and that I am given an enormous opportunity to improve our living condition through the support of DSWD and 1 AND ALL Technical School”, he tells.

Reynan earns about Six Thousand Pesos a month

Guillermo

as a technician in Globe Telecom.

Guillermo who is 25 years old, single, shares the same experience with Reynan. As a Lumad coming from the same province of Bukidnon where farming is the main source of livelihood, Guillermo also dreams of having a well-paid job to support his family.

“Mao dagku kaayu ang akong pasalamat sa kini nga mga institusyon

kay sila ang nahimong instrumento nga sa hinayhinay ako na makab-ot ang akong pangandoy sa kinabuhi because of this I am very thankful to these institutions for being the instrument of change and opportunity for me to reach my goals”, says Guillermo.

“Ug manghinaot ko nga daghan pa ang matabangan aning programa and I am also hopeful that other skills/PAGE B3

The NRCE is back for its 23rd year The National Retail Conference and Exhibition (NRCE) organized by the Philippine Retailers Association (PRA) is back this year for its 23rd offering - after two years to give way for the preparation and the successful hosting of the 17th Asia Pacific Retailers Convention & Exhibition (APRCE) last 2015.

This year’s NRCE will be held on August 10-11, 2016 at the SMX Convention Center Manila. It carries the theme “Shifting Gears in Retail: Consumption in the Digital Age” to highlight the ever changing and dynamic trends in the industry brought about by the continuous evolution of technology and the growing discerning consumers.

Billed as the biggest and most important retail industry event in the country, the annual NRCE has been the platform for bringing together the key movers and shakers of retail and its allied industries in a 2-day conference that is attended by over 800 retail owners, CEOs and toplevel executives all over the country.

Back to back with the Conference is a 2-day retail suppliers expo --- STORES ASIA EXPO --- which is the only focused and dedicated retail suppliers’ exhibition in the Philippines. It brings together under

one roof top suppliers in the field of Retail Solutions, E-Commerce & M-Commerce, Shopfittings & Store Design, Digital Marketing as well as Retail Marketing.

According to NRCE Overall chairman Frederick D. Go, “The NRCE Convention is unique in a way that it is put together by retailers, for retailers. Hence attendees are assured of choice topics and speakers relevant and resonant to retailers”.

The NRCE Convention will feature relevant topics like Continuous Retail: The Path to Omnichannel

by Fitch (Singapore), SM Parisian’s Cinderella Story by Shoemart Inc. , Exploring New Trends in the Design of Bricks and Mortar Retail Destinations

by Benoy Limited (Singapore), Unfolding the Dynamics of Retail

by TrendWatching (Singapore), Winning Consumer Moments in a Mobile-First Era

by Google Philippines, Engaging Consumers

by Personalizing Virtual Connections by Twitter SEA, Music Matters in the Market Place by Direk Freddie Santos, Innovating the Brand Essence by Jag Jeans (Fil-Pacific Apparel Corp.), Experiencing the Next-Generation Interactive Retail Space (tbc) by Globe Telecom Inc., Kalibrr and Nielsen Philippines as panelists on

What do Millennials really want?, and Disrupting the Culture of Shopping by Lazada Philippines* Confirmed as Keynote Speakers are Mr. Carlo Joaquin Tadeo Lopez Katigbak, President and CEO of ABS-CBN Corporation and Mr. Jonathan Allen Yabut, author of the best-selling book, From Grit To Great and Season 1 winner of the hit Asian reality business TV show, The Apprentice Asia.

This year’s NRCE is supported by the SM Store, PLDT Alpha Enterprise as Platinum Sponsors, Robinsons Malls, Ayala Malls, Araneta Center Inc, HP Philippines as Gold Sponsors, Wilcon Depot as Silver Sponsor, BENCH & HP Enterprise as Bronze Sponsor, and Duty Free Philippines, HBC, Shangri-la Mall, Sportshouse and BMI Research as Sponsors; Official newspaper— Philippine Star; Official media partner—Business World; Digital Advertising Partner—Facsn8; Session Sponsor---Trend watching; Multimedia Partner—Shoptalk Ushop For registration, sponsorship and exhibit inquiries, please contact the PRA Executive Secretariat at 6874180, 6874181, 6874985, or email: projects@ philretailers.com; info@philretailers. com; communications@ philretailers.com, or visit www.nrce-ph.com.

PMA National President DRA MINERVA CALIMAG and Dr Ferdinand D Miranda Accepting the National Presidential Merit AWARD, MERITORIOUS LEADERSHIP AWARD and Misamis Oriental Medical Society Inc. Meritorious Award

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Montierra... from page B1

just enough especially for a busy person to keep.

These are just the basic benefits a family gets in opting for a new home at Montierra, a subdivision of Asian-themed townhouses for middleclass families on the hills of Cagayan de Oro City.

With an investment of P600 million, the new project of Johndorf Ventures Corpo. is located in upper Balulang up ahead SM City Cagayan de Oro, Xavier University High School and Rosevale School.

Montierra is amasterplanned community of 600 new homes with its own commercial hub that sits on a 7.5 hectare property enclosed by an 18-meter high perimeter fence with a grand 15-meter wide entrance.

With two-storey contemporary townhomes with carport, Montierra has since the April 8 sales kickoff been generating positive responses from the market.

“The string of successes in our recent projects has encouraged us to undertake Montierra, especially that it has been quite atime we had a project in Cagayan de Oro City,” quipped Richard Lim, Johndorf president and CEO. “We want to provide the market in Northern Mindanao with a better choice for living in a safe-gated livable community that value-driver homeowners aspire for. It is built for professionals and entrepreneurs who seek for a meaningful life, those who venture into

challenges if only to achieve it, even crossing seas and enduring storms.”

Michele Bacungan, Johndorf sales and marketing manager, said the project is positioned for startup families of emerging professionals and entrepreneurs.

It has notably been a preferred choice among overseas Filipion workers who can afford homes priced around P2.4 million.

Buyers can have their purchas eof a Montierra townhome finance dby Pag-IBIG Fund or by banks where the project is accredited with.

Johndorf boasts of Montierra as the only middle class housing project in Mindanao with amenities and facilities usually built in higherend subdivisions, a new trademark by the company in this market category.

Residents will enjoy the use of a grand clubhouse with a spacious swimming pool, landscaped parks and playgrounds, basketball court and jogging trail.

Each townhouse is designed to be spacious than usual at about 64 square mters in floor area and stands on 54 to 108 square mter subdivided lot, each with three bedrooms and two bathrooms.

The townhouses at Montierra are grouped in clusters of green, peach and yellow with finished interiors when turned over to the homeowner.

Every townhouse will have a wooden staircase, tiled toilet and bath with complete fixtures, kitchen cabinet with stainless sink

and granite countertop while the master’s bedroom features a small balcony.

“The concept, as our studies show, attracts businessmen and profesisonals, young entrepreneurs and some foreigners who seek for the right choice for a home to live in,” Bacungan said.

“Montierra will now set the benchmark of what attainable living truly is with these well-planned and innovative amenities and facilities and aftersale and post move-in services.”

As Johndorf builds up the character of being Always There to custoemrs, it has organized a property management team that would respond to homeowners’ needs especially before the establishment of their association and concerns the organization could not address.

The project will appeal so well to the discrimnating taste of the market despite the competition with other developments and condominium residences.

Johndorf is blessed to have developed after 30 years of building quality homes and livable communities uniquiely applied construction procedures that hasten the development without compromise to cement curing.

Come and see what’s different about Montierra.

PR

Disney... from page B1

Those are just some of my favorites!

I believe that we

should start letting our children watch inspiring movies because movies like these teach them to never stop believing, to never let negative comments bother us, that all our dreams could come true, to be yourself and to never give up when going through hard times because even our trials lead us to our destiny.

Walt Disney is such a genius and I’m a big fan! For someone who got fired from his job because of lack of creativity. Hmmmm…

Here are some of his best quotes ever! “It’s kind of fun to do the impossible.” “If you can dream it, you can do it.”

“Laughter is timeless, Imagination has no age and Dreams are forever.” “Around here we don’t look backwards for ver y long, we keep moving for ward opening up new doors and doing new things because we’re curious and curiosity keeps leading us down new paths.”

And he said, “I do not make films primarily for children, I make them for the child in all of us whether we be six or sixty.”

Whenever I feel down and I feel like I need something to inspire me, I watch my favorite Walt Disney movies, they really change my mood and shift me back to the positive side of life.

“When you wish upon a star, makes no difference who you are.

Anything your heart desires will come to you.” -Disney

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Skills... from page B2

people will also benefit from this program”, he adds.

From the mountainous remote area he now takes his journey in the city as he became the head auto mechanic in Opol Auto Repair Shop that earns him a minimum of Two Hundred Fifty Pesos a day depending on the numbers clients.

Reynan and Guillermo are both certified NC II passers of Electrical Installation Maintenance and Automotive Servicing assessment examination conducted by 1 AND ALL Technical School, the same school who

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2014 ppi’S Best in ENVIRONMENTAL Reporting

provided for their starter tools after graduation and recommendations for employment.

“Our school ensures hands on approach in teaching and we are very generous in terms of sharing the best techniques and tools to our students to make sure their gains are par excellence and beneficial for their future”, says Miss Joy Co, President of 1 AND ALL Technical School. “Rest assured that we will also continue sharing similar change stories of our graduates, to serve as an inspiration, to all of us working in community development”, she affirms.

Written by Jamila M. Taha, DSWD

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North Meets North: SM City Baguio hosts Pasundayag sa Northern Mindanao 2016

E

xcellent cultural ethnic performances, colorful wearables and delectable delicacies from Northern Mindanao highlighted the opening of “Pasundayag sa Northern Mindanao 2016” at SM City Baguio last May 26.

The Department of Tourism Region 10 conducted a grand promotional activity in support to the initiatives of the private sector to strengthen the unity of diverse cultures in the country.

The opening program was attended by DOT Cordillera Administrative Regional Director Maria Venus Tan, DOT Calabarzon Regional Director Rebecca Labit, Northern Mindanao Regional Tourism Chair Dr. Jennifer Tan, Camiguin Governor-elect Maria Luisa Romualdo, Davao del Sur 1st District Representative

Mercedes Cagas, Benguet Governor Nestor Fongwan, Baguio City Mayor Mauricio Domogan, Baguio City Councilor-elect Elaine Sembrano and SM Senior Vice President Millie Dizon.

Baguio City Mayor Mauricio Domogan gave an inspiring message that warmed the hearts of everyone as evidence of his support to the tourism industry.

Meanwhile, Department of Tourism Region 10 Director Catalino “Butch” Chan III, expressed his most profound gratitude to everyone most especially to SM, Cebu Pacific

The Lanao del Norte Cultural Ensemble with SM Senior Vice President Millie Dizon, Karren Padilla, Venus Manalang and Ivy Guantero.

Pasundayag sa Northern Mindanao 2016 opening (L-R) DOT Cordillera Administrative Regional Director Maria Venus Tan, Baguio City Mayor Mauricio Domogan, Davao del Sur 1st District Representative Mercedes Cagas, SM Senior Vice President Millie Dizon and DOT Northern Mindanao Regional Director Catalino “Butch” Chan III.

Air, Regional Development Council, National Economic Development Authority Region 10, Northern

Mindanao Regional Tourism Council 10, Department of Tourism Region III, Local Government Units of Northern Mindanao as well

as the participating exhibitors such as Vjandep, Southern Philippines, SLERS, Kamumay, Sahara, Astral Gems, Puyo Handicrafts, Nanay Choleng’s Moron, Cagayan de Oro Hotel and Restaurant Association and Cagayan de Oro Travel and Tours Association for their

untiring support and participation to the programs and activities of the Department of Tourism-Region 10.

The Pasundayag sa Northern Mindanao 2016 in SM City Baguio is the 4th leg which started in SM Mall of Asia (2009), SM City Iloilo (2014) and SM City Clark (2015).

Kalimulan Cultural Dance Troupe of Mindanao State University-Iligan Institute of Technology

(L-R) Northern Mindanao Regional Tourism Council Chair Jennifer Tan, DOT Cordillera Administrative DOT 10 Supervising Tourism Officer Decius Esmedalla with the Regional Director Maria Venus Tan and DOT-10 Tourism group of Misamis Occidental Regional Director Catalino “Butch” Chan III

Benguet Governor Nestor Fongwan