BusinessWeek M I N DA N A O CREDIBLE
Volume XII, No. 2
Market Indicators FOREX
X
US$1 = P 47.731
1 cents
PHISIX 6,902.54
92.82 points
YOUR MINDANAO-WIDE BUSINESS PAPER
RELIABLE
X
Briefly Tourism shutdown BUTUAN City – The local government unit (LGU) of Cortes town in Surigao del Sur has ordered the temporary closure of its tourism sites amidst the continuing threat of coronavirus disease 2019 (Covid-19). The temporary closure is stipulated in Executive Order No. 20-2021 signed Tuesday by Mayor Josie M. Bonifacio and took effect Wednesday (June 9) until June 23. The town of Cortes has fine beach resorts regularly visited by foreign and local tourists and the site of the famous Laswitan Lagoon.
Hog output down HOG PRODUCTION on a live weight basis fell 25.8% year on year in the first quarter to 421,794 metric tons (MT), the Philippine Statistics Authorit y (PSA) said. In a report, the PSA said Central Visayas was the top hog producer during the first quarter with 53,660 MT, followed by Northern Mindanao at 50,830 MT, and Western Visayas 48,931 MT. “These three regions accounted for 36.4% of the country’s total hog production,” the PSA said.
IN-DEPTH
DOE asked to retire old power facilities www.businessweekmindanao.com
AS OF 6:00 PM JUNE 10, 2021 (THURSDAY)
We strive for Excellence!
Philippine Press Institute Civic Journalism Community Press awardee for the following: 2013 Best in Business and Economic Reporting 2014 Best in Environmental Reporting 2017 Best in Business and Economic Reporting 2018 Best in Business and Economic Reporting
Fri-Sat|June 11-12, 2021
P15.00
Thank you for trusting us!
By MYRNA M. VELASCO, Contributor
L
CURFEW IN CDO. A laborer sleeps on a cart after curfew hours to catch a few hours of sleep before going back to work at the Cogon public market in Cagayan de Oro City. mindanews photo by froilan gallardo
IKE human workforce, technologies like power generating facilities also deserve ‘retirement’ days, hence, the Department of Energy (DOE) is being prodded to look into this policy consideration on its energy planning task, so consumers won’t be perennially saddled with brownout due to antiquated and inefficient energy generating plants. Energy Regulatory Commission (ERC) Chairperson Agnes T. Devanadera reminded the energy department again in a Congressional hearing last week to seriously assess this matter, given the incessant outages being suffered by several power plants in various parts of the country. “I said policy consideration because this is where the energy sector led by the DOE to really look into and address,” the ERC chief stressed. RETIRE/PAGE 11
CDO council drops plaint vs. SK prexy
THE CAGAYAN de Oro City Council here on Wednesday d ropped t he compla i nt against the Sangguniang Kabataan (SK) Federation president who was allegedly involved in an indecent online conversation with a college student. The complaint against John Michael Seno, who a lso ser ves as a Cit y Councilor, did not advance to a formal hearing in the
c ou nc i l c h a mb er a f t er the complainant failed to provide an affidavit that was requested by the committee. "We gave her 10 days to provide a written complaint. But it's already beyond 10 days, it's near two months already but she didn't still submit the complaint," said Councilor Edgar Cabanlas, chairman of the committee of the whole, in a phone interview.
Cabanlas said his committee would no longer accept the complainant's appeal although the latter could file an administrative case before the Office of the Ombudsman. Seno told reporters that he had no bad intention during the exchange of conversation with the complainant. "I wondered because t here's a s o c i a l me d i a account where they deleted the conversation and only end (purposely cut) with the term 'hookup,' but there's a continuation to that. She DROPS/PAGE 11
SQUID FISHING. Fisherman Abbe Benitez prepares his squid baits on Wednesday afternoon, June 9, 2021, in Barangay Mabua in Surigao City. mindanews photo by roel n. catoto
LDS stays ban on mass gatherings, shuts down function halls By RICHEL V. UMEL, MindaNews
ILIGA N Cit y — T he Inter-Agency Task Force on Emerging Infectious Diseases (IATF-EID) in Lanao del Sur extended the ban on mass gatherings until June 30 in line with
the imposition of stricter safety measures to contain the spread of coronavirus disease (COVID-19) in the province. Gov. Mamintal Adiong, Jr., IATF-EID chairperson,
ordered t he tempor a r y closure of function halls to mitigate the surging cases of COVID-19 infections in the area. The directive, which was contained under Executive Order No. 07 issued on BAN/PAGE 11
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776
Local 2 Power bloc makes strides in the energy sector before adjournment of session I Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
FRI-SAT|JUNE 11-12, 2021
N THE midst of the COVID-19 pandemic, the Power Bloc Representatives composed of Presley De Jesus of PHILRECA Party-List, Sergio Dagooc of APEC Party-List, Adriano Ebcas of Ako Padayon Pilipino PartyList, and Godofredo Guya of RECOBODA Party-List remained vigilant to the prevailing issues confronting the energy sector especially to their constituents, the electric cooperatives and 14 million memberconsumer-owners, prior to the adjournment of the second regular session last June 5. Power Bloc Representatives Dagooc and Guya delivered their respective privilege speeches on the pandemic
response of our electric cooperatives, effects of the prolonged revenue disruption on the power supply, overreaching of the National Electrification Administration Board of Administrators, and the threat of take-over of a private for-profit company in the franchise area of Northern Davao Electric Cooperative. On February 9, Rep. Dagooc delivered his speech to reiterate the offer of the electric cooperatives to use their compounds as vaccination sites in the vaccine roll-out plan of the government. Rep. Guya also used the privilege hour last March 1 to discuss the effects of prolonged revenue disruption on the power supply, stressing the need to address this issue with
a holistic approach from the stakeholders from the energy sector. Rep. Guya, in another privilege speech on May 24, centered on condemning the threat of take-over of a private for-profit company in the franchise area of Northern Davao Electric Cooperative. The solon explained that in the event the franchise of electric cooperatives goes to private for-profit companies, the margin for profit will most likely increase the electricity rates to be paid by endusers. He further pointed out that the additional margin will be recovered from the consumers through higher tariffs and electricity prices. On behalf of the Power Bloc, he expressed his
BALINGASAG, MISAMIS ORIENTAL National Highway Balingasag, Barangay 4, Balingasag, Misamis Oriental Mobile Number/s: 0933-823-3161, 0933-823-3304 Tel. Number: 333-5161 CAGAYAN DE ORO P&J Lim Building, Tiano Kalambagohan St., Barangay 14, Cagayan de Oro City, Misamis Oriental Tel No. (08822) 727-829 / 231-6629 Telefax No. (088) 856-1947 Mobile No. 0933-823-3303 / 0943-708-7065 CAGAYAN DE ORO WAREHOUSE Warehouse 7, Bonbon Road, Kauswagan, Cagayan de Oro City, Misamis Oriental Mobile No. 0917-825-4149 / 0943-708-7065 CARMEN, CAGAYAN DE ORO Vamenta Blvd., fronting CEPALCO, Carmen, Cagayan de Oro City, Misamis Oriental Tel. No. (088) 233-2011 Mobile No. 0933-823-3159 CORRALES, CDO Corrales Ave., Barangay 29, Cagayan de Oro City, Misamis Oriental Telefax No. (088) 231-2055
unequivocal support to NORDECO as a non-profit distribution utility. Last May 17, Rep. Dagooc also delivered another privilege speech denouncing the “overreach” of the National Electrification Administration Board of Administrators (NEA BOA) in the affairs of the electric cooperatives as it is “detrimental to the well-being of their constituents”. The Power Bloc subsequently filed House Resolution 1776 urging the Committee on Energy to call for an investigation on the overreach of the National Electrification Administration on the screening, selection, and appointments of General Managers of Electric Cooperatives.
DIVISORIA, CDO A. Velez St., Barangay 9, Cagayan de Oro City, Misamis Oriental Telefax No. (088) 856-1947 Mobile No. 0917-841-4000 / 0933-823-3164 GINGOOG CITY G/F Wyne Militante Bldg., Lugod St., Barangay 22, Gingoog City, Misamis Oriental Telefax No. (088) 861-0104 Mobile No. 0933-823-3168 LAPASAN, CDO National Highway (FICCO Bldg.), Lapasan, Cagayan de Oro City, Misamis Oriental Tel. No. (088) 231-6739 Mobile No. 0933-823-3160 PUERTO, CDO Purok 6, Puerto, Cagayan de Oro City, Misamis Oriental Tel. No. (088) 859-0574 Mobile No. 0943-708-7537 CAMIGUIN B. Aranas St., Poblacion, Mambajao, Camiguin Telefax No. (088) 387-0491 Mobile No. 0943-708-7539
Energy Committee Vice Chair and PHILRECA Rep. De Jesus led the house panel in the initial deliberation of HR 1776. Delivering his sponsorship speech, Rep. Dagooc asserted that the government agency serves only as the “guardians” of the electric cooperatives to ensure the efficient operations of the latter without compromising their corporate autonomy. In addition, Rep. Ebcas inquired about the decision of the NEA Board of Administrators to endorse only one candidate for the Benguet Electric Cooperative (BENECO) General Manager when two applicants passed both the in initial screening as well as the final interview.
The legislator underscored that endorsing only the candidate with the highest score was a violation of Item No. III, Section 2, par. H provision of NEA Memorandum No. 2017035 stating that the list of applicants who passed the final interview shall then be transmitted by NEA to the EC Board for perusal and selection of its GM.. With the threat of COVID-19 still prevalent, the Power Bloc religiously attended the virtual committee hearings and plenary sessions. As such, several house measures filed by the Power Bloc have been gaining traction in the House of Representatives. Two House Bills were already approved on STRIDES/PAGE 11
Zambo cops, BOC seize P6.3-M smuggled cigarettes By TEOFILO GARCIA
ZAMBOANGA CITY – A joint team of police and Bureau of Customs (BOC) officers have intercepted a shipment of smuggled cigarettes worth PHP6.3 million and arrested four persons off this city.
The 2nd Zamboanga City Mobile Force Company (2ZCMFC) reported on Thursday that the shipment of smuggled cigarettes was seized Wednesday in the vicinity of Sta. Cruz Island, which falls under the jurisdiction of Barangay Sta. Barbara. The 2ZCMFC said a joint team launched a seaborne patrol and spotted a dark blue “jungkong-type” motorboat after receiving information on the shipment of smuggled cigarettes that is set to arrive in the city from Basilan. The motorboat, manned by a four-man crew, was found to be loaded with 181 master cases of Canon menthol cigarettes with an estimated market value of PHP6,335,000. The suspects, Mobin Awai, Muay Awai, Ahmad Adjaluddin, and Kimhar Ajid Hassan were arrested after they failed to present any legal documents for the shipment. The confiscated cigarettes, motorboat, and the crewmen were placed under the custody of the BOC. (PNA)
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
FRI-SAT|JUNE 11-12, 2021
Condo unit prices shrink in second half of 2020: BSP execs
CONDOMINIUM prices contracted in the second half of 2020 but monetary officials are not worried about the situation, citing the pandemic as the factor for the negative print. In a virtual briefing Thursday, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said the share of condominiums in the overall growth in prices of real estate properties in the country dipped by -5.9 percent in the third quarter and by -2.4 percent in the fourth quarter of last year. In the fourth quarter of 2019, the contribution of condominiums in the year-on-year growth of the Residential Real Estate Price Index (RREPI) is 6.6 percent. “Condominium units contracted year-on-year due to the postponement of new launches by developers and tepid demand for transient dwelling amid the pandemic,” Diokno said. RREPI, which uses bank data on appraised values of new residential mortgages based on housing types, is being used by the BSP to
3
CorporateWorld
monitor changes in residential prices in the country. A rise in the index shows house price inflation and a slip indicates a decline in prices. BSP started publishing the RREPI in the first quarter of 2016. During the same briefing, BSP Department of Economic Statistics (DES) Senior Director Redentor Paolo M. Alegre Jr., said he does not consider this development in condominium prices in the second half of last year as a “worrisome factor or event.” “We are in unprecedented times. We were affected severely by Covid,” he said. He explained that as the economy is opened gradually the situation in real estate is expected to improve. “We may expect a bounce in the trend of condominium units. That is a view, which I believe, it’s a personal view, which I believe will happen,” he added. Meanwhile, Diokno said they are set to PRICES/PAGE 10
DTI lends P4.5-B to MSMEs under CARES program
T
HE Department of Trade and Industry (DTI) has reported that a total of P4.5 billion worth of loans to micro, small and medium enterprises (MSMEs) were approved under the Covid-19 Assistance to Restart Enterprises (CARES) program as of June 9.
In a statement Thursday, the DTI said the P4.5-billion loans assisted 30,408 MSMEs that applied under its zerointerest loan. The DTI, through its financing arm Small Business (SB) Corp., rolled out the CARES program in May 2020 to assist MSMEs to recover
from their losses brought by the pandemic and the lockdown measures. The DTI started the CARES program with P1 billion from its 2020 budget and got another P10 billion from the Bayanihan to Recover as One (Bayanihan 2). Of the P10 billion from the Bayanihan 2, P6 billion
were allocated for MSMEs in the tourism sector which are heavily affected by the ongoing global health and economic crisis. However, the DTI has until the end of the month to roll out the remaining budget for its microfinancing program CARES/PAGE 10
Persons behind P544-M fake cigarette tax stamps face raps THE Bureau of Internal Revenue (BIR) is set to file criminal charges and assess deficiency taxes against the persons behind the manufacture of some P544 million worth of counterfeit cigarette tax stamps seized recently in Bacolod City. In its report to Finance Secretary Carlos Dominguez III, the BIR said the 15 million pieces of these fake internal revenue tax stamps were confiscated last May 4 at a warehouse and in three trucks parked outside the premises in Barangay Tangub in Bacolod City, along with various raw and packaging materials for cigarette
production. “The BIR office in Region 12 will file --and we coordinated with them- the necessary criminal cases and the assessment of deficiency taxes on this,” BIR Deputy Commissioner Arnel Guballa said in his report during a recent Department of Finance (DOF) Executive Committee (Execom) meeting. Guballa also reported that the BIR Strike Team, along with personnel from the Philippine Economic Zone Authority (PEZA), inspected the facility of GB Global Exprez Inc. at the Angeles Industrial Park in Pampanga and found a total
of 3,068 cigarette mastercases of the A380 and Manchester brands inside the facility, which GB Global personnel at the site claimed that the cigarettes were manufactured as part of a “dry run” of its facilities. The BIR made sure that the cigarettes would not be removed from the premises as the bureau will undertake appropriate action against the company. Guballa also reported during the Execom meeting that the BIR had padlocked 83 establishments and collected P737.28 million in April 2021 alone under its Oplan Kandado program. (PR)
4
Opinion
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. 463-826-272-000 – VAT. Reg., and with Business Permit No. 2020-04015. Tel. Nos.: (088)856-3344, (088) 810-100, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com
BUSINESSWEEK MINDANAO CORPORATION Publisher DANTE M. SUDARIA President/CEO ALLAN MARIO MEDIANTE Vice President for Corporate Affairs RUFINO T. MAGBANUA Vice President for Business Development VICENTE C. DELA VICTORIA Vice President for Operations JOE FELICILDA Vice President for Administration JOE PALABAO Vice President for Marketing ROSE MARY D. SUDARIA, PhD Vice President for Finance MIKE BAÑOS Vice President for Digital
Thailand started last Monday, 7 June their mass vaccination rollout at a total of 986 vaccination centres across the nation as the Royal Thai Government plans to vaccinate 50 million people, or about 70% of the entire population, by the end of this year to build herd immunity against the COVID-19 disease. Thailand started the nationwide vaccination drive using two types of vaccines – CoronaVac by Sinovac from China and AstraZeneca locally produced in Thailand by Siam Bioscience. Both vaccines require two doses to complete the vaccination. According to Dr. Opas
JUN AYENSA
Regional Editor - Caraga
MIKE BAÑOS Contributing Editors
ATTY. ANTONIO S. SORIANO
JOE PALABAO
Feature Editor
ATTY. MARIO T. JUNI
Layout Artist
Cell No: 09352379999
Juni Law Office Cruz Taal St., CDO Legal Counsel
RIVA FELICILDA Advertising
MANILA OFFICE: 9th Floor, Unit 918, CityLand Herrera VA Rufino Cor. Valero St., Salcedo Village, Makati City Tel. # : 5555392,Cell Nos.: 0955-366-5968 | 0918-527-5898 CECILIA FRESNIDO-HONRADE - New Marketing Manager
DAVAO MARKETING OFFICE Door 223, Doña Segunda Bldg., CM Recto Ave., Davao City Telephone #: (082) 298-8815 Regional Mktg Manager-JOE PALABAO- 0926-8430152 Circulation-JOHN PAUL AQUINO, 0907-331-5640
Member: Philippine Press Institute Oro Chamber
Win over worry (Pt. 1) Think a minute… It’s been said: “A day of worry is more exhausting than a week of work.” In fact, the root word for worr y is “choke” or “strangle.” Worrying chokes the life and strength out of you! Constant worrying strangles us emotionally, gradually taking away our hope and happiness. “If you don’t bury your worries, they will bury you.” Today and tomorrow we will learn ways to win over worry. Remember: “Worry is the darkroom in which negatives are developed.” You are often expecting the worst, thinking of the various bad things that can happen. But this only paralyzes you, so you end up doing little or nothing at all. Worry infects you with the “paralysis of analysis.” As a mother told her children: “Worry is like a rocking chair: You can rock all day long and get nowhere.” This is why worry is a complete waste of our time and energy. For one thing, worr y makes no sense because you are trying to control what you cannot control— like the weather. Since it is impossible, why even
MINDFUL
2f, ICS Building Tel.No.: 881-0176 Tiano cor. Montalvan sts. Legal Counsel
CLIFFORD SANTILLAN
THINK A MINUTE
Karnkawinpong, DirectorGeneral of the Department of Disease Control, Ministry of Public Health, today’s nu mb e r of n at i onw i d e vaccinations as of 12.00 Hrs. reached 143,116 people, including 73,273 of people over 60 years of age, 21,924 of people with seven underlying diseases, and 12,081 medical personnel and health volunteers. The central vaccination centre at the Bang Sue Grand Station in Bangkok is expected to administer vaccines to some 10,000 people today, Dr. Opas said. The centre was opened on 24 May, and up until 4 June, has already administered
vaccines to 155,028 people. A c c o r d i n g t o M r. Natapanu Nopakun, Deputy Spokesman for the Ministry of Foreign Affairs, Thailand is expected to administer a total of 10 million doses of vaccines to the people within the month of June. Thailand is preparing to reopen to fully vaccinated foreign travellers from 1 July, 2021, starting with Phuket under the ‘Sandbox’ model. Pending Cabinet approval, Phuket will reopen to fully vaccinated foreign travellers under the conditions that they stay in Phuket for no less than 14 nights in an accommodation establishment that is
NUTS & BOLTS
JEROME DE LA FUENTE
certified with the Amazing Thailand Safety and Health Administration (SHA) Plus certification. More details on the Phuket Sandbox will be provided as soon as officially approved directives are available.
Life insurance industry: Thriving under a united front
Editor-in-Chief
MIKE BAÑOS
FRI-SAT|JUNE 11-12, 2021
Tourism Authority of Thailand: Thailand COVID-19 vaccinations nationwide rollout
NELSON CONSTANTINO Motoring Editor
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
JAY LEDESMA AS pandemic hit our country’s economy last year, not a few companies and industries experienced either degrowth, slow down, and even closure. We can only count with our fingers in one hand those who managed to perform well in 2020. It’s good to note that one of the few sectors that did well last year is the life insurance industry. In a no-growth environment, the industry posted a 5.9% growth in total premiums (from new and renewal premiums). I consider this as good news because it means that more Filipinos are now protected
or continue to be protected from unexpected life risks. This comes as a surprise to many as insurance is not always on the priority list of most Filipinos. Most often than not, insurance is set aside or bumped off in favor of other items. What then accounts for this growth performance of the industry? From what I gathered during a separate interview with the IC Commissioner Dennis Funa and the PLIA (Philippine Life Insurance Association) President Benedict Sison, I say it’s a function of both the insuring public and the insurance industry. Even prior to the pandemic, there is already an observed increase in the awareness of the Filipinos on health and wellness. More Filipinos are getting more conscious of their health and well-being, paying closer attention to what they eat, their number of steps and the number of calories burned. This somehow led some of them to appreciate the
whole health and wellness space to include medical and protection coverages. But this health crisis we are in, increased by several notches the public’s awareness and appreciation of the medical, savings, and protection products, as people saw how the pandemic not only impacted our health but our finances, as well. Many were caught financially unprepared when lockdowns were implemented. Suddenly, people were conscious about their savings and insurance coverages, worried if they have enough. Those who have none, started to search and research about it and got themselves insured. As shared by Comm Funa, the popular search engine Google, reported a substantial increase in the number of searches on medical and life insurance companies and products since the onset of the pandemic. On the other hand, those who already owned a policy were upgrading their coverages
and making sure that their premium payments are upto-date. It’s also worth taking note that more and more young people are appreciating the importance and value of getting financially prepared and independent. Without prodding from their parents, our Gen Ys and Zs are getting their own medical and life insurance program. Their easy access to data and information is allowing them to make more informed and sound decisions for and by themselves. This shift towards insurance products is also influenced by the slowdown in the purchase of consumer goods brought about by the lockdowns and quarantines. People are spending less on shopping, eat-outs, travel, entertainment, and gimmicks. Whatever extra money they have is now earmarked for their mid and long-term s av i ng s an d i ns u r an c e requirements. Things that THRIVING/PAGE 11
Boldly facing life’s decline JHAN TIAFAU HURST try! Plus, to worry about something you can change makes no sense either, since worrying cannot change or fix anything! So simply do what you can do, and don’t worry about the rest. Worry is not even natural. You would feel foolish if you walked around all day with an open umbrella over your head just because you are worried it might possibly rain later. Instead, you naturally wait to deal with the rain when it comes, if it even comes at all. We humans were not built physically, mentally or emotionally to handle more than one day’s responsibilities and challenges. WIN/PAGE 11
We may be at the moment enjoying life because we are still young, healthy, vibrant and, yes, beautiful and handsome. But never forget that there will come a time when all these qualities start to ebb away, and we start losing things—our memory, our hair and teeth, our hearing, our sense of direction, etc. We can have cognitive decline, and then we lose our life itself! We have to be ready for this eventuality which should not be a cause of great concern. In fact, instead of worrying and fearing, we can manage, if we have the proper attitude, to be happy about it. We would even be most welcoming of it, just like looking forward to a beautiful sunset that can move us to wax poetic and even romantic. The darkness of the night that the sunset precedes will never strike as a terror to us. Again, if we have the proper attitude, such darkness can
only mean some kind of liberation, of attaining a deserved rest in the definitive home meant for us after going through the drama of the day. We would have the happy sensation that we have finally settled down. And the secret can only be one, which actually can be accessible to everyone. It’s a matter of being guided by our faith that tells us that our life’s decline, especially if marked by a lot of suffering, can and should channel the most expressive form of love that Christ showed us and continues to show us by offering his life on the cross for all our sins. It is this kind of love that turns everything beautiful and meaningful, even if they are considered ugly in human terms. It is this kind of love that can defy the usual aging process all of us are subject to. We unavoidably will get old, but that state would only affect
us physically and temporally. Spiritually, we can manage to stay young, serene, cheerful and hopeful. We can remain young for all eternity. This love is given to us freely and abundantly. If Christ commands it of us, it is because he, in the first place, enables us to have and to live that kind of love. In fact, he will do it with us and for us. That’s the only way we can love the way he loves us, as he commanded us to do. (cfr. Jn 13,34) Make no mistake about it. This love can only be done in and with Christ, since while it is a human love, it is also, first of all, a divine, supernatural love. We cannot love that way simply relying on our own powers. We need the power of Christ to do so. With this love, we can boldly face our life’s decline. We would just be sport about it, knowing how to suffer the unavoidable weakening and losses that we are going to
HINTS AND TRACES
ROY CIMAGALA experience. We would know how to let go of our earthly life so we can enter into our definitive life with God in heaven. And Christ not only teaches us how to do this letting go thing. He does it with us. We won’t be doing it by our lonesome, to be sure. We need to understand this truth of our faith very well and help in spreading it around, to free many of us from unnecessary fears and worries about getting old, about facing life’s decline!
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
FRI-SAT|JUNE 11-12, 2021
5
Banking&Finance
PH working with ADB, WB on measures vs. climate change
P
HILIPPINE government is now working with the Asian Development Bank (ADB) on a goal to acquire all coal-fired power plants in Mindanao, a Department of Finance (DOF) official said. In a virtual roundtable briefing hosted by the British Embassy on Wednesday, Finance Assistant Secretary Paola Alvarez, who read the
speech of DOF Secretary Carlos Domiguez III, said the government intends to repurpose the coal-fired power plants to increase the region’s renewable energy. “This proposal aims to shift most of Mindanao’s energy requirements to hydropower, which will eventually spur more investments from companies seeking to expand their operations in areas powered by clean
energy,” she said. As part of this move, Alvarez said the government is working with ADB regarding the pilot-testing of the coal replacement fund. “And right now, we are in talks and in cooperation with the DOE (Department of Energy) on how we could actually do feasibility studies on the business model of how we can acquire coal-fired power
DBP grants P750-M credit line to boost renewable energy storage STATE-owned Development Bank of the Philippines (DBP) has granted a P750-million revolving credit line to a fledgling energy firm for the manufacture and export of cost-effective and sustainable energy storage systems for power generation activities of renewable energy companies, a top official said. In a statement on Wednesday, DBP president and chief executive officer Emmanuel Herbosa said the bank’s funding assistance to Amber Kinetics Philippines, Inc. (AKPI) would be used to partially finance the company’s working capital and other short-term operational requirements for the domestic and export sale of its novel Flywheel Energy Storage System. “DBP is ecstatic about this
project as it manifests our passion for supporting groundbreaking environment-friendly processes and new technologies that promote the more efficient utilization of green energy,” Herbosa said. DBP is the sixth-largest bank in the country in terms of assets and provides credit support to four strategic sectors of the economy –infrastructure and logistics; micro, small and medium enterprises; environment; and social services and community development. AKPI's parent company, Amber Kinetics, Inc. (AKI), developed its patented kinetic energy storage system that features a flywheel that converts and stores electrical energy in a rotating mass and is more RENEWABLE/PAGE 10
plants,” she said. This bid, Alvarez said, aims to “create an environment that is conducive to sustainable investments.” “We’re trying to harmonize how capital markets can actually move towards renewable energy or sustainable projects,” she said. Alvarez said the Energy Department believes “the Philippines needs
to balance its economic stability in terms of energy security while at the same time how do we transition towards low-carbon energy development.” She said they are also coordinating with the World Bank (WB) in coming up with an instrument on how to price carbon emissions. Alvarez said this change is not easy to do otherwise, it has been done by other countries thus, the phased-
in approach in the shift with the help of partners like the British Embassy and governments in developed economies. “Because even if we talk about new coal-fired power plants, there are still negotiable instruments related to these contracts and under the law, you cannot just cancel these contracts without repercussion,” she added. (PNA)
Thrift bank boosts up digital banking for Cebu teachers, SMEs CEBU City – Teachers and small and medium entrepreneurs (SMEs) in Cebu have become the primary sectors benefited by a thrift bank’s continuous quest to create digital financial services. The City Savings Bank, Inc. (CitySavings) continues to assist the teachers and SMEs for their easy, convenient digital banking systems amid the coronavirus disease 2019 (Covid-19) pandemic through its relevant products and digital channels. Lorenzo Ocampo, City Savings president and chief executive officer, said in a statement on Thursday the bank started the rollout of its own Visa Debit Card last year as a safer and more convenient channel to transact online. To date, more than 75,000 of
the bank’s clients have switched to the new Visa Debit card, as all savings account holders are expected to be fully re-carded by October 2021 Paula Ruelan, assistant vice president for reputation and brand management, that CitySavings’ official chatbot, “Talk to Maria” is like a 24/7 sales associate that provides a quick and easy way for new clients to apply for a loan online from the comfort of their own home and can provide information on product and service-related inquiries, bank advisories, as well as ATM and branch locations. The bank, she said, also recognizes the huge demand for motorcycle loans needed for socially distanced, convenient,
and affordable transportation as it recently launched its 0-percent interest installment product for education and medical frontliners which allows them to avail of pre-loved motorcycle units payable in 12, 18, and 24 months. Meanwhile, in response to the Department of Education’s (DepEd) call for support from stakeholders, the bank has pivoted most of its corporate social responsibility (CSR) programs to support educators in transitioning to blended teaching and learning modalities. To date, over 200,000 educators have benefitted from these intensive online training programs. BOOSTS/PAGE 10
6
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
FRI-SAT|JUNE 11-12, 2021
DOLE-10 kicks off week-long virtual job fair for 123rd Independence Day CAGAYAN DE ORO CITY--The Department of Labor Employment (DOLE)-10 in partnership with Mynimo kicked off its week-long online Trabaho-NegosyoKabuhayan Job and Business fair (TNK-JBF) in commemoration of this year’s 123rd Independence Day to provide a virtual venue for employment, economic opportunity, and services promotion as they address the employment disruption brought upon by COVID-19 pandemic. DOLE-10 Regional Director Albert Gutib said the TrabahoNegosyo-Kabuhayan Job and Business fair offers 5,317 potential job opportunities, 3,740 from 66 local companies, and 1,577 from 6 overseas companies. Thus, he calls on job seekers to take advantage of the
occasion and reaffirms the department’s commitment in providing economic and employment opportunities despite challenging times. “This activity is dedicated to the job seeking public, workers, the displaced and wouldbe displaced workers, those who wish to venture into livelihood and entrepreneurship, those who are involuntary terminated because business of reversals due to COVID-19, including the formal and informal sector,” said DOLE10 Assistant Regional Director Estrella UyPahalla. In lieu of their annual in-person Independence Day job fairs, DOLE10 and their partners virtually held its event in accordance with minimum health safety standards in mitigating the spread
of COVID-19 while also aiming to reach a broader audience across various provinces in the region. “The pandemic has brought havoc to the economy, to our workers, and to our fellow Filipinos but we will never cease doing things under the new normal in order to assist and provide these vulnerable sectors in society accessible employment and livelihood so that they can continue to earn income for their living,” Gutib said. Alongside DOLE10 and their attached agencies, Department of Trade and Industry (DTI)10 Information Officer Julie Nieva presented their three major programs in assistance to Micro, Small, and Medium Enterprises (MSMEs) for interested entrepreneurs, such as
their Negosyo Serbisyo sa Barangay (NSB) program, Pangkabuhayan sa Pagbangon at Ginhawa (PPG) program, and
Bayanihan Cares program. On their part, the Technical Education and Skills Development Authority (TESDA)-10
presented their various capacity building programs and scholarships for interested applicants who VIRTUAL/PAGE 10
The ending of the school year calendar with modular learning By GERALD BON INTUD
STUDENTS – and even teachers – adjusting to the restrictions and changes brought by the pandemic have been one of the biggest challenges the educational sector faced for this school year. We k n ow for a f a c t this school year has been challenging. Admittedly, we are not 100 p ercent prepared that everything will come down to this. Ever yone had to hastily facilitate the transition of
new modalities of learning just to ensure education will continue. Fortunately, cooperation f rom various sectors to ensure education will stay has helped the transition. We are so grateful to all stakeholders who did their best, in any other ways, to make sure education will continue. The collaborative efforts contributed greatly. We a re h o p i n g t h at we will observe the same outcome as we are about to
MR. ZOU ZHANFENG. A Chinese citizen, desire to apply as a Quality Controller in “Sinshin Enterprises” located at Purok 6, Brgy. Agay-ayan, Gingoog City, Misamis Oriental. JOB DESCRIPTION: • Read blueprints and specifications • Monitor operations to ensure that they meet production standards • Recommend adjustments to the assembly or production process • Inspect, test, or measure materials or products being produced • Measure products with rulers, calipers, gauges, or micrometers • Accept or reject finished items • Remove all products and materials that fail to meet specifications QUALIFICATION: • Chinese National • H a s an experience as Quality Controller • Has good communication skills • Ages 35-55 years old, Male only. SALARY • Php 20k monthly
end the third quarter, and start the fourth quarter for the school year. D e p E d a dju s t e d t h e academic calendar for school year (SY) 2020-2021, extending it by moving the last day of classes from June to July. The adjustment was made to "address learning gaps" and to give teachers time to prepare the materials for distance learning. The third quarter will begin on March 22 and will end on May 15.
Cagayan de Oro-based haute couturier Gil Macaibay III's designs shine during the Panasonic Manila Fashion Festival 2021 which was held recently at Okada Manila. photo supplied
MR. FU MEIFU. A Chinese citizen, desire to apply as a Technical Supervisor in “Sinshin Enterprises” located at Purok 6, Brgy. Agayayan, Gingoog City, Misamis Oriental. JOB DESCRIPTION: • Set goals for performance and deadlines in ways that comply with company’s plans and vision and communicate them to subordinates • O r g a n i z e w o r k f l o w a n d e n s u r e t h a t employees understand their duties or delegated tasks • Monitor employee productivity and provide constructive feedback and coaching • Receive complaints and resolve problems • Maintain timekeeping and personnel records • Pass on information from upper management to employees and vice versa • Prepare and submit performance reports • Decide on reward and promotion based on performance • Hire and train new employees
MR. JIANG JIAXIANG. A Chinese citizen, desire to apply as a Machine Technician in “Sinshin Enterprises” located at Purok 6, Brgy. Agay-ayan, Gingoog City, Misamis Oriental. JOB DESCRIPTION: • Provide assistance to assemble, test and maintain company equipment • Analyze root causes of equipment failures and propose corrective actions. • Provide 24×7 support to troubleshoot the equipment problems. • Perform regular inspections to identify and correct equipment malfunctions, repairs and replacements. • Provide assistance and job trainings to workers when needed. • Maintain documentation of equipment maintenance and repair procedures for future reference procedures.
QUALIFICATION: • Chinese National • At least one year experience as a Technical Supervisor or any related work • Has good communication skills • Ages 40-60 years old, Male only.
QUALIFICATION: • Chinese National • Has an experience as a Machine Technician • Has good communication skills • Ages 28-35 years old, Male only.
SALARY • Php 20k monthly
SALARY • Php 20k monthly
7
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
FRI-SAT|JUNE 11-12, 2021
Seventeenyear-old Trisha Erika Go take the catwalk during the recent fashion show of FAME. Mindanao Daily News is the exclusive media partner of FAME.
DIRECTORY
photo supplied
DOLE-10 offers over 5,000 jobs in Independence Day online job fair CAGAYAN DE ORO CITY--Department of Labor and Employment (DOLE)-10 OIC-Regional Director Albert E. Gutib said as of June 3, there are about 3,740 local and 1,577 overseas jobs or a total of 5,317 vacancies initially offered starting June 7 during the week-long online job and business fair in the entire northern Mindanao region, in line with the 123rd Philippine Independence Day celebration, June 12. Gutib said the same with the Labor Day Online Job Fair, DOLE10 collaborated with the digital portal Mynimo. com for the online job fair slated June 7-12. Local job postings for the region are all posted in the said website. Security Guards tops the list with 1,000 available jobs; followed by Drug Enforcement Officer I (800); Factory Worker (560); Technical Support Expert (160); Customer Service Representative (151); Cashier (150); Prequalifications Specialist (120); Sales Representative (100); Software Engineer (80); and Field Collection Officer (50), among others. “Since this will be an online job fair, applicants must prepare in digital copies their resume or they can make one thru Mynimo’s online template,” Gutib said. Job seekers must first register and post their credentials and application cover letters at www.mynimo.com. The applicants have the option to either post their updated resume or they can create one in the site. It is important that an applicant has an active email account which is to be provided upon registration in the said job fair link. If interested, applications should click
the submit button. It will automatically add in their “My Application” option. To see the application details, applicants should click the view button. To search for other available jobs, applicants may type the position then click the search button. Job seekers may only submit their local jobs application during the weeklong fair, but they can verify the status of their
applications beyond June 12, 2021. An initial 1,577 overseas job listings are accessible through the Philippine Overseas Employment Administration's (POEA) website at www.poea. gov.ph from five licensed manpower agencies. Overseas vacancies are mostly registered nurses and skilled workers, mostly bound to Australia,
Kingdom of Saudi Arabia, Japan and the United Kingdom. The online job fair is organized by DOLE and POEA, in coordination with the DOLE regional offices and its corresponding provincial field offices. Moreover, DOLE10 hosted an online Talakayan in collaboration with the Philippine ONLINE/PAGE 9
Mr. Ukatu, Kenechukwu Odera Nigerian national as Trailer Mechanic of the company Asisha Intl. Corporation located at Patag 6th Division Cagayan de Oro City. JOB DESCRIPTION: • To repair trailer truck in the company • Responsible for inspecting, repair and maintain the components and systems of trailers trucks in the company. • Provide 24/7 support to troubleshoot the trailer truck equipment problems. QUALIFICATIONS: • Nigerian National. • Has an experience as a Mechanic Trailer. • Has good communication skills. • Ages 24-35 years old, Male only. SALARY: • Php 20k Monthly ----------------------------------------------------------------------------------Mr. Obialor, Onyinye Justine Nigerian national Carburetor Mechanic of the company. Asisha Intl. Corporation located at Patag 6th Division Cagayan de Oro City. JOB DESCRIPTION: • He is responsible to examines parts for defects and tests needle valves with wire gauges and flow meter. • Cleans parts in solvents to remove dirt and gum deposits and repair or replaces defective parts of an engine. In a different strategic approach. • Provide 24/7 to examine parts and other Mechanical issues. QUALIFICATIONS: • Nigerian National. • Has an experience as Carburetor Mechanic. • Has good communication skills. • Ages 24-35 years old, Male only. SALARY: • Php 20k Monthly
A PUBLIC SERVICE BY:
8
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
FRI-SAT|JUNE 11-12, 2021
Panguil Bay bridge construction progresses at full speed
T
Korean drilling barges bore through the seabed of Panguil bay to ensure a solid foundation for the Panguil Bay mega-bridge project that will connect Tangub City in Misamis Occidental and Tubod town in Lanao del Norte.
PIGSAG-AN: HOPE IN THE HIGHLAND EMILY A. TABAMO School in-Charge Pigsag-an National High School
Pigsag-an: A haven of peace and goodness in the highlands of Cagayan de Oro City. My first journey as a School Head is mixed of adventure and challenge being assigned to a placed I never visited once. The school is in its infancy stage of development. As a visionary person I wanted to put Pigsag-an National High School in the map of victorious and productive school. To begin with, we represented the Division in the Regional Level Brigada Eskwela Best Implementing School-Small School Category. Our first small triumph. As recorded in the school’s history, learners from Pigsag-an were enrolled in Tuburan National High School due to the absence of secondary school in the barangay. During this time learners have to exert extra effort to walk for more than 6 kilometers of undulating trip from Barangay Pigsag-an to Tuburan. Pigsag-an is located some 35-38 kilometers away from the city proper, bounded on the north by Barangay Tuburan, and the south by Barangay Tumpagon. It is accessible to public only by a public transport duly registered with the Land Transportation Franchising Regulatory Board -Region X, Tumpagon liner, that operates once daily. It was in SY 2011-2012 when the learners from Pigsag-an who are enrolled in Tuburan National High School under the leadership of Dr. Nick Panares were identified as the pioneering learners of Pigsag-an National High School. They were temporarily housed in Pigsag-an Elementary School. Sir Nick was succeeded by Dr. Cristina Ganas. She was the one who initiated the search for possible school site during her short stay as the school head. She was followed by Sir Darwin Presas as the monitoring school head. Due to the change of curriculum in SY 2013-2014, Mr Espinosa the School Head of Tuburan National High School give the supervision of Pigsag-an secondary learners to the leadership of Mr Nilbert J. Pacheco, the school head of Pigsag-an Elementary School during that time. By the year 2016, the Barangay Council of Barangay Pigsag-an with the all out support coming from the education champion, Mayor Oscar S. Moreno explored the possibility of separating the high school site from the elementary site. Datu Bugsahan, a native of Pigsag-an, with his generous family donated one (1) hectare of land which leads to the construction of 6 classrooms 1-storey building. This was made possible through the concerted efforts of the Department of Education, under the dynamic leadership of the superintendent of Department of Education-Division of Cagayan de Oro City Mrs. Elena Borcillo, CESO V, the LGU and the community. October 4, 2016 marked the unforgettable turn-over of the first Barangay High School with Mr. Nino S. Labininay as the School Head.
With steady increase of enrollment for every school year after, the school opened its doors for its first Senior High School enrollees offering General Academic Strand (GAS) in SY 2017-2018 eventually produced its first Senior High School graduates last March of 2019 with eighteen (18) successful graduates under the baton of Mrs Marilou L. Lora. June of that same year, the learners and parents alike boasted of the first batch of Oro Scholars recipient in the tertiary level. To date, the school have continuously produced learners who are still on the track towards the fulfillment of their dreams through completion of their college education. At present, as the school head, I am working on the establishment of official Pigsag-an National High School because the school is still running on Temporary Permit to Operate as an extension to Tuburan National High, an annex school recently separated from its mother school Tagpangi National High School. The establishment of the school saves the learner from traveling to nearby secondary school. Although other modes of transportation are also in place to make travelling and mobility a lot more convenient and faster, like single motorcycles (“habalhabal”) and privately-owned vehicles, there could be no greater joy than to be granted the official establishment as this could open more doors of opportunities not only for the School, but the community as well. Barangay Pigsag-an is home to more or less four hundred (400) households, mostly thriving on agriculture and mining as their livelihood. The area has both limited cellphone and internet signal, and the community has no commercial internet (i.e internet cafes, and the like) connection available. However, the learners have ready access to the internet through mobile data internet connection in strategic sites. Most household are composed of two or more families living together under one roof. Pigsag-anons are peace loving and friendly people. They are inclined to send their siblings for education and supportive to the various school projects and programs. In the new normal, the school adapted the distance learning modality. Parents and the local community headed by the active Brgy Chairman Hon. Sonny Rondahan worked hand in hand in the delivery of learning modality. Keeping the spirit of Bayanihan is very evident and remarkable in sustaining the academic process. At the moment, I am weaving several projects for the school yet still looking for partner stakeholders to realized all of these. The entire school community welcomes any person, institution, or group of individual who are willing to help in the improvement of the school. By doing so, I look forward for learners to continue their education. I want to pain a canvass of Hope amidst pandemic. As I strongly believe that Pigsag-an is the hope of our learners in the hinterland.
HE much-awaited Panguil Bay mega-bridge project, one of the flagship infrastructure projects of President Rodrigo Duterte administration is progressing at full speed and at pace with its construction schedule. This was revealed during the latest visit of DPWH District Engineer Alykhan Ali by Project Manager Miguel Ramos of the DPWH - Unified Project Management Office (UPMO) and consultants from the Korean consortium who are jointly undertaking the bridge construction. “We are very much pleased to learn that the construction of Panguil Bay bridge is on track despite the prevailing pandemic. We are thankful to Secretary Mark Villar for his innovative ways to push this mega-project forward while keeping the workforce safe”, expressed District Engineer Ali of the Lanao del Norte 2nd District Engineering Office. Upon completion, the Panguil Bay Bridge (PBB) will be the longest bridge in the country, overtaking the San Juanico Bridge that links Samar and Leyte by more than 1-kilometer.
According to Public Works Secretary Mark Villar, the P7.38 billion mega-bridge project is a 3.169-kilometer two-lane bridge which will connect Tangub City in Misamis Occidental and Tubod town in Lanao del Norte and will drastically reduce travel between these two points from the present two-and-a-half hours to only 10 minutes. The Panguil Bay bridge will also shorten trips from the cities of Cagayan de Oro and Iligan to Tangub and the northern Zamboanga region. Villar said bridges are key to developing the Philippine transport industry, as they are crucial in improving mobility and interconnectivity among nearby cities and provinces. An estimated 200 local workers are currently employed by the Joint venture contractor NamkwangKukdong-Gumgwang for the implementation phase of the PBB project. Also joining District Engineer Ali during his site visit are Maintenance Engineers Norodin Batabor and Hadjinor Sukarno. (VNL/DPWHPIO)
Promoting psychosocial support for ALS PWD learners amidst pandemic SHERYLL MACALOLOT-ONTONG ALS Mobile Teacher II City Central School Central District
WHEN the pandemic hit, we are all caught off guard. And with the changes it brought, coping up with the situation is a struggle for many. But if adults were affected, how much more are the children? Explaining a complex concept like the Covid-19 pandemic to a child can be challenging. Perhaps the most challenging part is how to
make them understand that they can’t play outside, or go to school yet because a virus is still around or how to respond when they ask questions if a relative or friend test positive for the disease. Initially, kids are generally happy and fun about it because there is no school and they get to see us most of the time, but after months, that’s
the time they were starting to ask questions. They are trying to process why mom and dad are always here. This is because their family gives them enough emotional support and they were able to explain things effectively. Some children enjoyed it because masks feel like a costume. It all boils down on how we explain it to them.
Two athletes shine in Palarong Pampook 2019 TINO L. SALABSAB, Teacher 1 Bolisong Elementary School Alubijid, Misamis Oriental
THE two athletes are Cassey Miguel Tabamo of Bolisong Elementary School and Keith Adrian Ilar of El Salvador City Central School. Both schools are located in El Salvador City, Misamis Oriental. In the rapid elementary c at e g or y, I l a r w a s t h e champion under individual while both he and Tabamo grabbed the championship in standard team. Tabamo likewise won bronze in solo. For the blitz category, Tabamo won as individual champion and the two won the championship as a team. The duo were coached by Tino Salabsab. They automatically qualified for the Palarong Pambansa which was supposed to be held May 2020 in Marikina City but did not materialize due to COVID-19.
The Palarong Pampook occurred December 11 to 13, 2019 in Tubod, Lanao del Norte. During NMRAA 2019 held at Tubod, Lanao Cassey Miguel Tabamo won with a perfect score out 7 rounds in blitz and awarded as a C hampi on ( i nd iv i du a l ) while Keith Adriane Ilar his teammates won 5 points out of 7 rounds. And awarded as a Champion in Blitz Team with the time control of 3 minutes + 2 seconds increment per move. On the other hand, in Standard Category with the time control of 1 hour plus 5 seconds increment per move, Keith Adriane Ilar had a tremendous revenge where he won perfect score out of 7 rounds and became a Champion in Standard (individual) while Cassey Miguel Tabamo his teammates
got 5 points out of 7 round and awarded as bronze medalist in Standard (individual). Still with the combined points of both they received an award as a Champion in (Standard Team). Tino L. Salabsab was also awarded as a winning coach. To choose as qualifier for Palarong Pambansa 2020 they ranked the participants and it was Cassey Miguel Tabamo ranked No.1 and Keith Adriane Ilar ranked No. 2 all are coming from the same division El Salvador City. And they qualified for Palarong Pambansa 2020. Before the actual competition as a coach and at the same a trainer itself of my team, I conducted an intensive training (Schoolbased), division-wide intensive training held at City Central of El Salvador City.
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
FRI-SAT|JUNE 11-12, 2021
Normin gets another 36,800 Sinovac vaccine doses CAGAYAN DE ORO CITY--A total of 36,800 doses of Sinovac vaccines arrived in the region as the vaccination rollout continues for the A1, A2, and A3 populations. Of these, 3,680 doses are allocated for Cagayan de Oro City, 2,840 doses for Iligan City, and the remaining doses for equitable distribution throughout the region. “There are 36,800 doses of Sinovac vaccines that arrived today. These vaccines came from the COVAX facilities which have a very specific mandate that it will be allocated for the A1, A2, and A3 population and is good for 18,400 DEED OF EXTRAJUDICIAL SETTLEMENT OF THE ESTATE OF ESCOLASTICO CAMPAÑA ABISO and JUANA GUNDAYA ABISO K N O W A LL M EN BY THESE PRESENTS: That the late ESCOLASTICO CAMPAÑA ABISO who died intestate on March 02, 2021 at Aposkahoy, Claveria, Misamis Oriental, and JUANA GUNDAYA ABISO who died on March 29, 2021, in Sitio Mahayahay, Barangay Lunotan, Gingoog City, Misamis Oriental, at the time of their death left a certain parcel with TCT No. T-5626 SITUATED IN Purok 3, Mahayahay, Lunotan, Gingoog City, containing an area of 1.8808 hectares and has been the subject of an DEED OF EXTRAJUDICIAL SETTLEMENT OF THE ESTATE OF ESCOLASTICO CAMPAÑA ABISO and JUANA GUNDAYA ABISO, filed by the heirs of ESCOLASTICO CAMPAÑA ABISO, per DOC #331; PAGE #68; BOOK #8; Series of 2021 under the Notarial Registry ATTY. REYCARTE M. NAMBATAC.
About 36,800 doses of Sinovac vaccines arrive in the Laguindingan Airport, June 8. A total of 3,680 doses are allocated for Cagayan de Oro City, 2,840 doses for Iligan City and the remaining shall be equitably distributed throughout the region. (JAKA/PIA10)
persons,” says Dr. David Mendoza, DOH-10 Local Health Support Division chief. Mendoza also mentioned that there is a need to follow the specific guidelines set by the COVAX facilities. Any violation or insertion of those not part of the prioritized group set by the COVAX facilities may affect the supply for the region. “This [insertion of vaccine not part of the prioritization group set by COVAX
facility] may become one of the reasons why either our vaccine allocation will be reduced or the free vaccines that we will be receiving will be cut and what will remain for us are the purchased vaccines. The WHO had given these vaccines for a specific prioritization group,” he expressed. As of June 7, the vaccination rollout for the frontline healthcare workers is already at 88.9 percent, 22 percent for the senior
EXTRAJUDICIAL SETTLEMENT OF THE INTESTATE ESTATE OF REENA BAGOLOR CABRIOLE WITH DEED OF ABSOLUTE SALE OF PORTION OF REGISTERED LAND KNOW ALL MEN BY THESE PRESENTS:
BWM: June 4, 11 & 18, 2021
EXTRAJUDICIAL SETTLEMENT WITH WAIVER OF RIGHTS OF THE HEIRS OF GALO A. SABANAL KNOW ALL MEN BY THESE PRESENTS: That the late GALO A. SABANAL died intestate on October 18, 1979 at Cagayan de Oro City, leaving a parcel of land with Original Certificate of Title No. EO-405 Decree No. 667868 situated in the Barrio of Kauswagan, City of Cagayan de Oro, Island of Mindanao, containing an area of FIVE THOUSAND TWO HUNDRED FIFTY FOUR (5,254) SQUARE METERS, more or less, and has been the subject of an EXTRAJUDICIAL SETTLEMENT WITH WAIVER OF RIGHTS OF THE HEIRS OF GALO A. SABANAL, filed by the heirs of GALO A. SABANAL, per DOC #407; PAGE #83; BOOK #37; Series of 2020 under the Notarial Registry of ATTY. REYNALDO A. VICTORILLO. BWM: June 11, 18 & 25, 2021
citizens and 33 percent for the A3 population. Mendoza added that there is no exact list yet for the A3 population since the listing process is still ongoing; to date, only 25,000 were listed and DOH is still waiting for the local government units to submit their final list for those individuals who belong to the A3 population. For the senior citizens, the target population is 316,000 and 84,700 for the frontline healthcare workers. (JAKA/PIA10)
Councilor
IAN MARK NACAYA Congratulates...
..on their 12th Anniverasry!
That the late REENA BAGOLOR CABRIOLE who died on February 13, 2012, at Kinawe, Libona, Bukidnon, without a will and debt; that the time of his death left a certain real property with Transfer Certificate of Title No. T-124802 situated at Kinawe, Libona, Bukidnon, containing an area of SIXTY THOUSAND SIX HUNDRED TWENTY (60,620) square meters, more or less, TRANSFER AND CONVEY unto the VENDEE, her heirs, assigns and successor-ininterest, FOUR THOUSAND (4,000) SQUARE METERS, subject of the actual survey on the ground and which area was already agreed by the parties, ABSOLUTE AND IRREVOCABLE AND FREE FROM ALL LIENS AND ENCUMBRANCES, and has been the subject of an EXTRAJUDICIAL SETTLEMENT OF THE INTESTATE ESTATE OF REENA BAGOLOR CABRIOLE WITH DEED OF ABSOLUTE SALE OF PORTION OF REGISTERED LAND, filed by the heirs of REENA BAGOLOR CABRIOLE, in favor of CHEIZZY ECHEM OUANO, per DOC #280; PAGE #56; BOOK #2; Series of 2021 under the Notarial Registry of ATTY. SYLVAN GERALD L. SABIO. BWM: June 11, 18 & 25, 2021
9
10
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
FRI-SAT|JUNE 11-12, 2021
Prices...
CARES...
release within the year the Commercial Property Price Index “as part of expanding the surveillance on financial exposure of banks and price trends in the property sector. “ Together, these two indicators may be used to monitor the developments in the Philippine property sector as a whole and their linkages with the other sectors in the economy,” he added. Also, Alegre said the commercial property price index has yet to be approved by the central bank’s policymaking Monetary Board and is targeted to be released in the last quarter of this year. (PNA)
as the Bayanihan 2 is only effective until June 30. To accelerate the remaining allocation, the DTI is working with the Department of Tour ism (D OT) for the CARES for TRAVEL (Tourism Rehabilitation and Vitalization of Enterprises and Livelihood). The DTI and DOT will accelerate the utilization of CARES for TRAVEL as more tourism economic activities start to reopen their operations. “With this microfinancing program providing collateralfree and interest-free loans to businesses affected by the pandemic, our MSMEs
from page 3
from page 3
can begin to rebuild their respective businesses and take part in the recovery that has started around the world," DTI Secretary Ramon Lopez said. Lopez is also optimistic of the start of the vaccination for the A4 group which include economic front-liners, as this will boost consumer and business confidence. "The country's vaccination program will prove to be a timely shot in the arm as well for the economy, as it will lead to continuous reopening with less threat of a surge, thus creating a good momentum for sustained recovery, more investments and greater employment opportunities for the Filipinos," he added. (PNA)
Second chance opportunities for out of school youth By: JULIE A. CENIZA ALS Mobile Teacher
UNDER the auspices of the US-Aid , the Second Chance Program is designed to offer out-of-school youth ages 16 – 24 opportunities to obtain a GED, high school diploma, assistance in obtaining employment, leadership d e ve l opm e nt , p e r u s i ng postsecondary education enrollment, perusing military enlistment, improve and/or develop work readiness skills, earn a recognized industry credential, and be exposed to an intensive support system to ensure that individual goals are met. The U.S. government, through the United States Agency for International Development (USAID), is now supporting the Second Chance Program, for the education, employment, and livelihood needs of at least 180,000 out-of-school youth in our country. Through the five-year, Php1.9 billion ($37.5 million) Opportunity 2.0: Secondchance Opportunities for Out-of-school Youth project, the U.S. government partners with the Department of Education (DepEd) and the Technical Education and Skills Development Authority (TESDA) to augment their ongoing programs to provide relevant education, employability skills, and work experience. These include the DepEd’s enhanced Alternative Learning System and TESDA’s skills training programs. The program highlights t h e c o n t i n u i n g U. S . government support for Philippine education, especially for the vulnerable
out-of-school youth who are facing significant challenges in education and employment du r i n g t h e C OV I D - 1 9 pandemic. USAID will partner with local governments in 12 cities across the country to set up Youth Development Alliances that mobilize resources to help their out-of-school youth. The program will also partner with over 2,200 employers and at least 50 education or training institutions, including major hubs like Metro Manila, Metro Cebu, and Davao. The program is implemented by U.S.-based Education Development C e n t e r, w i t h p a r t n e r s Accenture, Phi lippine Business for Education, Catholic Relief Services, Voluntary Services Overseas, and SEAMEO-Innotech. The out-of-school youths (OSYs) identified come from the cities of Isabela, Cotabato, and Zamboanga. This was an initiative that aimed to support vulnerable youth by restoring their access to training and education in a safe and inclusive manner amid the COVID-19 crisis. Recently, the TESDA Online Program (TOP) was established as a vital tool in reaching young Filipinos across the countr y even before the pandemic. In collaboration with TESDA, USAID pivoted its youth development programming towards distance learning, expediting new content and training for trainers Wi t h s u p p o r t f r o m USAID, beginning October 2020, the Philippine
Technical Education and Skills Development Authority (TESDA) has revised modules to be self-paced and trained instructors on delivering these new modules. Also, the U.S. government, through the USAID), signed a par tnership with the Department of Trade and Industry (DTI) to enhance entrepreneurship training programs for Filipino outof-school youth. Under the partnership, DTI’s Youth Entrepreneurship Program (DTI YEP) w i l l i nte g r ate U S A I D’s Opportunity 2.0 Be Your Own Boss curriculum – an innovative approach that develops young people’s skills in business planning and management, as well as the mindset they need to become successful entrepreneurs. The partnership will also train youth in design thinking for entrepreneurship or adopting a business development approach that focuses on customer needs and will incorporate coaching and mentorship from USAID’s private sector partners. “The COVID-19 pandemic h a s d i s prop or t i on at e l y affected Filipino out-ofschool youth, the number of whom has significantly increased since last year,” said USAID Philippines Acting Mission Director Sean Callahan. “We have an urgent need to strengthen second-chance education and training systems that can help vulnerable out-ofschool youth cope with the challenges created by the pandemic.”
Boosts... from page 5
Ruelan said the bank currently provides tools and courses to upgrade educators’ online teaching skills through Project Agile: Learning Series for Teachers and HEROES 2021 (Help Educators Rise to Online Education SY 20202021) in partnership with Thames International School, EduRescue Philippines and Akadasia Singapore. One of its core programs, Ruelan said, is “Project Peraparasyon” which is instrumental in strengthening the bank’s advocacy on financial literacy to educators and non-teaching personnel across the country. The program highlights the simple steps on saving, building an investment and managing debt as keys to practical wealth management. The bank also partnered with MentalHealthPH and introduced Project #BetterMe, a mental wellness program for the front-liners in education, aiming to help teachers develop self-care strategies and provide practical ways to take better care of their mental well-being amidst the challenges they face in the new normal, she added. (PNA)
Renewable... from page 5
superior than traditional batteries in terms of unlimited daily cycling capability, high round-trip efficiency, zero capacity degradation, and has no chemical reactions. EXTRA-JUDICIAL SETTLEMENT OF THE INTESTATE ESTATE OF EDWIN P. RODRIGUEZ WITH DEED OF ABSOLUTE SALE K N O W A LL M E N B Y T H E S E PRESENTS: That the late EDWIN P. RODRIGUEZ who died on May 17, 2020 in Gingoog City, Misamis Oriental, at the time of his death left a parcel of land with OCT NO. P-5763 situated at Pangasihan, Gingoog City with an area of 2,527 square meters, OCT NO. P-5765 situated at Odiongan, Gingoog City, with an area of 52,473 Square meters, at the time of death, the deceased left portions of the same parcels of land, thus: OCT No. P-5763 situated at Pangasihan, Gingoog City, and TCT No. (T-18355) 138-2020000411 situated at Pangasihan, Gingoog City, with an area of 46,388 square meters, and has been the subject of an EXTRA-JUDICIAL SETTLEMENT OF THE INTESTATE ESTATE OF EDWIN P. RODRIGUEZ WITH DEED OF ABSOLUTE SALE, filed by the heirs of EDWIN P. RODRIGUEZ, in favor of BYRON NOEL N. BUQUE, per DOC #298; PAGE #61; BOOK #8; Series of 2021 under the Notarial Registry of ATTY. REYCARTE M. NAMBATAC. BWM: June 4, 11 & 18, 2021
AKI established its first manufacturing site in Sto. Tomas town in Batangas. It plans to open a second manufacturing facility also in the province to meet growing demand. Herbosa said the introduction of this technology is seen as a boon to the power industry as it complements the gradual shift to renewable energy sources that offer variable outputs, with an energy storage system that ensures overall electricity generation matches demand. He said Amber Kinetic's technology offers an option that can provide a more reliable power supply, at less cost, especially in those rural areas with unreliable grid infrastructure, or in those islands that are now heavily reliant on diesel generators and biofuels for their electricity requirements. “DBP views this as a timely and responsive initiative that directly addresses the growing demand for new power sources fueled largely by our expanding national economy,” Herbosa said. The bank is optimistic that this project will strengthen the country’s position as an emerging high technology center for mechanical battery storage as well as an export center, he added. (PR)
Virtual... from page 6
lack the necessary skills for employment, while the Overseas Workers Welfare Administration (OWWA)-10 discussed the overview of job processes for applicants EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE DECEASED SPS. LEONARDO V. JAVIERTO AND VICTORIA B. JAVIERTO K NO W A LL M E N B Y THE S E PRESENTS: That the late SPS. LEONARDO V. JAVIERTO AND VICTORIA B. JAVIERTO, who died on February 21, 1989 and December 13, 2013, respectively, all in Cagayan de Oro City without leaving any last will and testament; at the time of their death, are the registered owners of a parcel of land with Transfer Certificate of Title No. T-28583 situated in the Barrio of Carmen, City of Cagayan de Oro, Island of Mindanao, containing an area of THREE HUNDRED (300) SQUARE METERS, more or less, and has been the subject of an EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF THE DECEASED SPS. LEONARDO V. JAVIERTO AND VICTORIA B. JAVIERTO, filed by the heirs of SPS. LEONARDO V. JAVIERTO AND VICTORIA B. JAVIERTO, per DOC #351; PAGE #71; BOOK #218; Series of 2021 under the Notarial Registry of ATTY. MARIO T. JUNI. BWM: June 4, 11 & 18, 2021
interested abroad. “I encourage our job seekers to take advantage of this opportunity and be part of our Talakayan job and business fair para maconsider mo (so you can be considered). More than 5,000 job vacancies gi-offer ani (are offered here),” Gutib said. (VPSB/PIA10)
Online... from page 7
Information Agency (PIA)-10, the informationcommunication arm of the government, June 7. On this day, a three-segment briefers of partners will advocate to the public the said event as well as labor and employment programs in the time of this new normal. Invited panelists for segment one are POEA10 on available overseas vacancies; Mynimo on their guide to access their jobsearch site; and Employees’ Compensation Commission (ECC)-10 on compensable COVID-19 workplace diseases. Segment two invitees are the Department of Trade and Industr y (DTI) on accessing their programs for entrepreneurs or would-be entrepreneurs; and Regional Tripartite Wages and Productivity Board (RTWPB) on their Productivity Toolbox for micro, small and medium enterprises (MSMEs). Furthermore, segment t h re e cove rs Te ch ni c a l Education and Skills Development Authority’s (TESDA) success stories on available skills training opportunities; and also Overseas Workers’ Welfare Administration’s (OWWA) OFW success stories who availed their programs. The v ir tu a l j ob and business fair system is in compliance with the gover nment s afety and health restrictions on mass gatherings in preventing the spread of COVID-19. Moreover, this is the response of the government through D OLE as the economy rebounds and some countries are gradually opening their economies. T h i s y e a r ’s 1 2 3 r d Philippine Independence Day celebration TrabahoNegosyo-Kabuhayan Job and Business Fair celebration in the region is anchored on the theme, “Kalayaan 2021: Diwa ng Kalayaan sa Pagkakaisa at Paghilom ng Bayan.” (DOLE10/PIA10)
11
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
FRI-SAT|JUNE 11-12, 2021
Win... from page 4
An important step to winning over worry is simply to choose not to be a victim. Many of the things we worry about come from the wrong words and behavior of other people—yet we feel somehow responsible for their bad attitudes and actions. It’s true that peace with other people is very important, but never at the expense of the truth and facts. If you know for certain that you did not do something wrong, then you are not helping the other person by always rescuing him and taking responsibility for his wrongs. Remember, with Jesus in control of your heart and life you are a victor not a victim of other people and circumstances. So won’t you ask Him to forgive you for living your own way, and to help you start living His way? It is only when you have His inner peace and power that you can truly win over worry. Just think a minute.
Thriving... from page 4
matter most, as they are now realizing. The insurance industry on its part is making sure that they are ready to respond and support this heightened consciousness and interest among the insuring public. It’s good to know that the Insurance Commission through Comm Funa and the CEOs of the different life insurance companies through PLIA, are working hand-in-hand to ensure that there will be minimal business disruptions and they can continue to serve their customers, employees, and distribution during the pandemic. Because of their close coordination and collaboration, they were able to quickly address the initial challenges faced by the industry. Right at the onset of the pandemic, they made successful representation to the government to have those from the insurance sector classified as essential economic workers. This enabled the companies to maintain even a skeletal force and continue to cater to the servicing requirements of their customers. Because of this, medical and death claims and other related concerns of policyholders continued to be serviced and processed. EXTRA-JUDICIAL SETTLEMENT OF ESTATE
Second, realizing that face-to-face selling will be a big concern due to the quarantines, both parties were quick to fully tap and maximize the digital technology. To ensure that insurance products remain to be accessible to the public despite the quarantines, the Insurance Commission immediately approved the recommendation of the life companies to allow remote selling thru digital platforms. Almost all companies have provided their salespeople with digitally-aid sales tools so they can do remote transactions with their clients. As a result, while in the comfort of their homes, clients can continue to be covered and protected while financial advisors can continue to earn their living. Furthermore, a number of the life companies’ after-sales servicing functions were also migrated to digital platforms so clients can have the option to do their transactions via online or branch visit. As Mr. Sison puts it, “Our message to the public is clear, we remain constantly accessible even amidst the pandemic”. Also, to support the recruitment efforts by the insurance companies, IC introduced online licensing exams for would-be financial advisors. Comm Funa shared that the industr y is the first among the different government licensing agencies to introduce online exams. Though this is still far from being perfect, it is already a welcome initiative as the industry aims to help solve the unemployment problem in the country by recruiting more into its current pool of financial advisors. And the better news is that both the remote selling and the online exams will already be permanent platforms even after the pandemic. The insurance companies, on the other hand, are also working on the introduction of more medical and life insurance plans that will cover covid-related illnesses and deaths. Though we may already be vaccinated, knowing that you are covered by an insurance plan, in case of, will give you another layer of peace of mind. Clearly, when all the stakeholders are united in their goals and are willing to work with each other, a lot can be done for the betterment of everyone. This is what the IC and the private life companies were able to demonstrate.
The pandemic did not deter them but instead, it further strengthened the unity and collaboration between a government agency and the private sector, benefitting the employee and agency force and most importantly, the insuring public, who is now doing a more pro-active role in being financially literate and independent. With only a very small percentage of our population having adequate medical and life insurance, we need all these wins. We are glad to know that despite a challenging environment, the life insurance industry is able to adjust, adapt and thrive. Kudos to the men and women of the industry! Let’s be mindful that when the life insurance industry thrives, it directly translates to more Filipinos being financially prepared from these unexpected risks. Now, who wouldn’t like that?
Retire... from page 1
She qualified that based on their analysis, “most plants in Luzon are 16 years and older; and we think for policy consideration, we have to look into this — that as power plants get older even if we give them planned maintenance periods, because they are old, they cannot be that efficient anymore.” As further noted by the industr y regulator, 14.06-percent of the generating facilities with 2,282.768 megawatts of installed capacity are 30 years old and above; 3.20-percent with 519.090MW capacity are 26 to 30 years old; 24.02-percent with 3,900.16MW are 21 to 25 years old; 29.35-percent for 4,764.7MW are 16 to 20 years old; 2.43-percent or 393.99MW are 11 to 15 years old; 9.27-percent at 1,504.36MW are 6 to 10 years old; and 17.69% with 2,871.645MW are 0 to 5 year-old plants. Given the operating age of the power plants, the regulatory body similarly factored in the de-rating of their capacities as well as the higher scale of forced outages they incur despite their yearly maintenance shutdowns. Energy Secretary Alfonso G. Cusi previously stated that in the updating of the Philippine Energ y Plan (PEP), the DOE will finally be demarcating the power plants lined up for retirements. He then indicated that
KNOW ALL MEN BY THESE PRESENTS: That the late JULIANO D. DEMATA, who died in Cagayan de Oro City on 29 July 2019 that the said deceased at the time of his death, left a certain real property with Transfer Certificate of Title No. T-33522 situated in the Barrio of Kiliog, Municipality of Libona, Province of Bukidnon, Island of Mindanao, containing an area of FORTY THOUSAND (40,000) square meters, more or less, and has been the subject of an EXTRA-JUDICIAL SETTLEMENT OF ESTATE, filed by the heirs of JULIANO D. DEMATA, per DOC #229; PAGE #46; BOOK #30; Series of 2021 under the Notarial Registry of ATTY. DOREEN G. DELEGENCIA. BWM: May 28, June 4 & 11, 2021
Kagay-an Festival 1st Oro Lechoneros Encuentro Champion
for Orders, Contact Yoyong:
09354145759 09169249371
government will not just be looking at the age of the power plants, but also the facet of their operations as to how efficient and reliable these have been in delivering power supply and service to the consumers. Alongside that policy enforcement, the energy chief had given assurances that the DOE will also sort out prospective replacements of the power facilities to be retired or ordered to cease operations – primarily the type of technology that shall be deployed for their capacity replacements. Cusi exp ounde d it’s not just the age or years of operations of the power facilities that are being considered; because several power companies have opted to upgrade and reinforced the capacity of their assets through the years, so these somehow improved their efficiencies. “We will be considering all factors – not just the age, because we need power. So we can’t just have arbitrary decision,” Cusi pointed out. Last Januar y, energ y officials sounded off that they were still firming up the list as to which power plants shall already be rendered as ‘candidates for retirement’; although they specified that they will not make the list public yet until after they have weighed all factors that will become the basis of their decision to terminate the operation of certain power facilities.
Drops... from page 1
asked, 'What do you mean?' and I said, 'Let's meet to know your friends so that I can connect.' I don't have bad intentions," he said. Councilors Lordan Suan a nd Jocely n Rodrig uez, however, expressed their opposition to t he given decision. Suan, in a radio interview here Wednesday, said the complainant was not able to provide the complaint affidavit at the right time due to some measures, in line with the response against the coronavirus disease 2019 (Covid-19) pandemic. "When she (complainant) came to (Police Camp) Alagar (to file a complaint), I think it was closed due to the conduct of disinfection and when she
came back, the officer was not around," he said. Cabanlas understood the current situation but said the complainant must inform the City Council. "She should inform or send an email to the City Council, which she can do, that she can't process for the meantime or request for an extension," he added. He said the only note received by the City Council f r om t he c ompl a i n a nt was a notification for the committee of the whole that she would not participate in all proceedings. Cabanlas said the complainant has decided to pursue the complaint but the written complaint was not yet ready. He said the City Council could prolong the proceedings due to the ongoing Covid-19 response and surge of cases in the city. (PNA)
Ban...
from page 1
Monday, June 7, reiterated the prohibition on mass gat her i ngs, i nclud i ng weddings, birthday parties and religious activ ities, among others. T he nat iona l I AT FEID had classified Lanao del Sur as an area “under special attention” due to the rising cases of COVID-19 and placed the province under general community quarantine from June 1 to 30. Adiong on Monday turned over 200 vials of Remdesivir 100 mg to the Amai Pakpak Medical Center (APMC) in Marawi City amid the rising COVID-19 cases in the province. Dr. Sha limar Ra k iin, APMC medical director, said in a statement that the volume forms part of the 1,000 vials of Remdesivir, worth P4.5 million, to be donated to the APMC that w ill be administered to patients infected with the virus. The AMPC has allotted at least 144 beds for COVID-19 cases. As of 4 p.m. Tuesday, the APMC has admitted a total of 72 COVID-19 patients, including nine new admissions, the center’s Public Health Unit reported. Since Februar y 2020, at least 1,246 confirmed COVID-19 cases have been
admitted at the APMC, of which 111 ended in death and 1,063 have recovered. To help fight COVID-19, Ad iong encou raged h is constituents to get vaccinated. Dr. Alinader Minalang, provincial health officer, said the province recorded 155 active COVID-19 cases as of June 7. So far, Lanao del Sur log ged a tota l of 2 ,417 confirmed COVID-19, data from the provincial IATF showed. Lanao del Sur is part of the Bangsamoro Autonomous Region in Muslim Mindanao.
Strides... from page 2
Second Reading, namely the substitute House Bill 9524 or An Act Providing for Additional Insurance Coverage and Benefits for All Linemen and Other Power Line Workers and substitute House Bill 9489 or the Linemen Appreciation Day Act. Another pertinent measure approved on Third Reading is the substitute House Bill 8203 or An Act Promoting The Use O f M i c ro g r i d Sy s t e m s to Accelerate the Total Electrification of Unserved and Underser ved Areas Nationwide. As neophyte legislators, the primary highlight of the second regular session t r ans pi re d on May 2 7 when the Lifeline R ate Extension Bill principally introduced by the Power Bloc Representatives was enacted into Republic Act 11552 by President Duterte. This law aims to extend the subsidy to the electricity bill of lifeliners for an additional 30 years or until 2051. Lifeliners are defined as beneficiaries living below the poverty line. The Power Bloc culminated the S econd Regular Session with fruitful strides in their legislative agenda and ceaselessly stood up to the plight of the energy sector.
BusinessWeek MINDANAO CREDIBLE
RELIABLE
FEATURE
IN-DEPTH
Fri-Sat|June 11-12, 2021
JS Sanchez emerging on his own as top couturier JS Sanchez is a known local fashion designer in Cagayan De Oro City, Philippines. He is recognized as a Fashion Designer of The Millennium. After he cut the tie with Monding Sanchez Atelier (a fashion house
he co-owned), Jean Peter Sanchez or better known as JS Sanchez was left with nothing but hope and determination to rise and build his own line. The logo design is a merge of a lion and a stag . The lion symbolizes his
courage to be a bolder version of himself after his then-partner and co-owner called everything between them off and left him nothing. The stag’s antler symbolizes his renaissance in the industry.
He is now equipped with fresher ideas and inspirations for his future creations. And finally, the Crown. It signifies the value of his dignity, and his goal for excellence. The whole logo symbolizes courage, regeneration, power and dignity. In this solo journey, JS Sanchez wishes to thank the following who have helped him in various ways: JeanPeter Cafe & Tea, Milktea by Chazkhey, @EventNStyle, Ian Nuer, The Attitude CDO, Peter Essentials, Shem Matulac and Camerons by Alma Mae Roa. JS Sanchez is also the host of MDNN Digital's weekend magazine show Sikat Karon. Aja JS Sanchez!
12