BusinessWeek Mindanao (June 11, 2014)

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Volume V, No. 2

Market Indicators

As of 6:12 pm june 10, 2014 (Tuesday)

FOREX

PHISIX

US$1 = P43.67

6,777.98 points

24.75 points

X

9 cents

X

Briefly Code of conduct A CAGAYAN de Oro city prosecutor here has been suspended by Department of Justice (DOJ) Secretary Leila de Lima in connection with the alleged unwanted handling of the controversial Ponzi Scam, involving Coco Rasuman. In a two-page order, De Lima ordered City Prosecutor Fidel Macauyag’s 90-day suspension for violating the Code of Conduct for Prosecutors. In 2012, De Lima barred local prosecutors from conducting preliminary investigation into the case involving Rasuman and his group because she wanted it to be handled by the DOJ’s special prosecutors. De Lima said Macauyag defied the order by making an assistant city prosecutor conduct a preliminary investigation into the case. (Cheng Ordoñez)

Agri credit program SURIGAO City -- A total of seven pre-identified Agrarian Reform Beneficiaries Organizations (ARBOs) from the different municipalities of Surigao del Norte were oriented on Agrarian Production Credit Program (APCP). The identified ARBOs are Ima Women’s Initiated Community Association (IWICA) of Barangay Ima, Sison; San Pedo Rural Workers Association (SAPRUWA) of Barangay San Pedro, Alegria; Himamaug Agrarian Reform Beneficiaries Cooperative (HARBCO) of Barangay Himamaug, Taganaan; Cantapoy Farmers and Fisherfolks Credit Cooperative (CAFFCRECO) of Barangay Cantapoy, Malimono; Esperanza Farmers Credit Cooperative (ESFARCRECO) of Barangay Experanza, Del Carmen; Rural Improvement Club Producers Cooperative (RICPROCO) of Barangay Capalayan, Surigao City; and Union Agro-Aqua Credit Cooperative (UNAACO) of Barangay Union, Dapa. Because of this orientation, 289 farmer-members of the seven ARBOs were being introduced to the agrarian credit program. Thirty-two from IWICA, 31 from SAPRUWA, 82 from HARBCO, 26 from CAFFCRECO, 35 from ESFARCRECO, 48 from RICPROCO and 35 members of UNAACO.

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IMEM transition period gets one year extension T

By MYRNA VELASCO, Contributor

HE Department of Energy (DOE) is inclined to extend for at least a-year-stretch the transition period for the full-swing commercial operation of the Interim Mindanao Electricity Market (IMEM), primarily with concerns relating to suspension on the application of settlement amounts and imposition of financial penalties.

BANGSAMORO LAW. Presidential Adviser on the Peace Process Teresita Deles allays fears and rumors about the so-called delay in the passage of the Bangsamoro Basic Law during her speech at the opening of the two-day two-day International Conference of Cotabato at Notre Dame University Gymnasium on June 6, 2014. mindanews photo by toto lozano

This has been based on Department Circular Number DC 2014-05-0010 that was issued last week by the Department of Energy. “When the circumstances warrant, the transition application for application

of Section 1.1 of this Circular may be extended by the DOE until one year from the commencement of the IMEM,” the edict has noted. The original transition period provided for the I M E M h a d b e e n f rom

December 3, 2013 to June 25, 2014. It has been explained that the prescription on financial penalties had to be reckoned “as a consequence of breach of IMEM Rules and manuals.” The transition period extension will allow suspension of such penalties purportedly “to avoid financial impact to participants while familiarizing themselves with the IMEM trading process.” In addition, the Circular warranted that “the timetable for settlement and billing as provided in S ection 5.1.2 of the IMEM Rules “shall be relaxed to ensure the calculation of correct imem/PAGE 10

Calamities fail to dampen M’danao growth: MinDA SEVERE natural calamities that hit Mindanao in the last two years have failed to dampen the island’s growth as the island posted a remarkable performance in the trade sector last year, the Mindanao Development Authority (MinDA) said in a statement.

“ We a r e h a p p y t o announce that Mindanao’s trade performance remains bullish amid the natural calamities that beset the island-region from 2012 onw ards ,” s aid Min DA C hair p ers on Luwa l hat i Antonino. fail/PAGE 10

Power crisis to ease with Steag back in full capacity THE Department of Energy (DOE) said Mindanao’s lone coal plant has resumed operations, easing the region’s power shortage. Energy Secretary Carlos Jericho L. Petilla told reporters that “quite a number of franchises don’t

have brownouts anymore” even as Mindanao as a whole is still suffering from outages. “Power situation is way better but there is still rotating brownouts. But not in all areas,” he said, without identifying the areas. crisis/PAGE 8

READY FOR MINING. Dump trucks on standby at Barangay Urbiztondo, Claver, Surigao del Norte are ready to haul nickle anytime. mindanews photo by roel n. catoto

Draft Bangsamoro basic law to be submitted to Congress by July 28 By CAROLYN O. ARGUILLAS, MindaNews

C O TA B AT O C i t y – Exactly seven weeks to the day it received the draft Bangsamoro Basic Law from the Bangsamoro Transition C ommission (BTC), Malacanang is still conducting what a joint

statement from Malacanang and the BTC describes as a “thorough, extensive and comprehensive review” of the draft that will be submitted to Congress seven weeks from now, when it resumes sessions on July 28.

“ We a c k n o w l e d g e the urgency behind the immediate passage of the BBL. However, we also recognize that a thorough, extensive and comprehensive review of the draft law’s numerous provisions is a necessary part of the process to ensure that law/PAGE 8

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Curfew for minors in effect THE Curfew Law for minors has been implemented in Cagayan de Oro City starting June 1, 2014. This was announced by councilor Teodulfo Lao in his special report during the City Council regular session last week.

According to councilor Lao, the basis of this is Chapter 108, Section 485 of the 1994 City Codified Ordinance of 1994. He said the Cagayan de Oro Peace Development and Security Council (CPDSC) curfew/PAGE 9

Economy

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Chamber eyed as economic driver in Dinagat Islands SAN JOSE, Dinagat Islands -- “Dinagat Chamber will become an economic driver in the Province of Dinagat Islands (PDI).” This was the prevailing feeling as 30 businessmen attended the two-day strategic planning workshop of the Dinagat Islands Province Chamber of Commerce and Industry (DIPCCI) held at the Provincial Guest Center, Brgy. Cuarinta, San Jose, Province of Dinagat Islands recently.

The planning workshop resulted in the crafting of the vision, mission and goals of DIPCCI. Personnel from DTICaraga Regional Office, Arcily C. Gonzaga and Ramil J. Leongas, facilitated the activity that laid the direction of the chamber for the next three years. Resource speakers from the provincial government of PDI and DTI also provided additional inputs for the

participants. Alberto A. Apolinario, Statistician III of PPDO-PDI, presented the PDI Provincial Economic Profile; Danilo C. Bulabos, Provincial Tourism Officer, presented the Dinagat Islands Tourism Development Roadmap; and Arnold D. Faelnar, OIC/Team Leader of DTI-PDI, discussed the Industry Clustering and Value Chain Strategies. DIPCCI officials and memb ers were ple as e d

with the strong support of the provincial and local governments of PDI as well as DTI not just for the successful activity but also for their commitment of support to the provincial chamber for the next three years. The seminar workshop was conducted by DTIProvince of Dinagat Islands Field Office in coordination with the PDI Provincial Planning and Development Office (PPDO).

MisOcc gets fund to build 100 classrooms By RUTCHIE CABAHUG-AGUHOB Contributor

OROQUIETA City -- Some 100 classrooms estimated to cost P84.93 mi llion have been allocated by the

Department of Education for the Division of Misamis Occidental (DepEd-Mis. Occ.) to address its classroom

shortage. D at a f r o m D e p E d’s Office of Physical Planning Services, Physical Facilities and Schools Engineering Division (OPPS-PFSED) show that this number of

classrooms already includes those constructed under Batch 1 to Batch 5 of the 2013 Basic Education Facilities Fund (BEFF) and those under the Sphere type in 2011-2012. fund/PAGE 9

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AMENITIES : ZORBIT * ATV * TREE TOP ADVENTURE BUGGY * BUNGEE * PICNIC GROUNDS PLAYGROUND * CAFE * LUGE * MINI GOLF ROOM ACCOMODATIONS

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CorporateWorld

RESORTS, HOTEL & RESTAURANTS DIRECTORIES

A PUBLIC SERVICE BY:

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Algen’s Dive Resort (088) 3872015

Philtown Hotel 726295 / 8564402 Fax: 723104

Apple Tree Resort & Hotel 735411 / 754525 Fax: 754497

Pryce Plaza Hotel 8583131 Fax: 726687

Bahay Bakasyunan sa Camiguin (088) 3871057 / 3870131 Fax: 3870278

Prawn House (088) 3095992 Fax: 8519219

Basamanggas Resort 08822-760564 Fax: 760565 Cagayan Riverview Inn 8584245 / 729039 Fax: 8584245 Casa Crystalla 8561704 / 722465 Fax: 722480

Ridge View Chalet 8588946 / 8587946 Fax: 8588946 Seda Centrio Hotel 32288888 Southwinds Hotel 724803 / 8562036 Fax: 8562036 Stargate Dream Vacation Resort 8515003 / 8509999

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

The VIP Hotel 726080 / 8562505 Fax: 726441

Chananthon Bed & Breakfast 8568189 / 3093095

Uptown Condotel 8511800

Country Village Hotel 8583004-06 Fax: 8583006 D’Budgetel 8564200/726643 Fax: 8564300 Dahilayan Forest Park 8568562 to 63 De Luxe Hotel 8572144 / 724548 Fax: 724563 Discovery Hotel 727814 / 8563896 Fax: 8563897 Duka Bay Resort (088) 3312290 Fax: 725265 Dynasty Court Hotel 8574802 Fax: 857900 Grand City Hotel 8571900 / 728469 Fax: 723718 Hotel Conchita 8563856 / 727355 Fax: 8563857 Hotel Koresco 8589749-50 Fax: 8589748 Hotel Sogo 8520383 Kingston Lodge 8585696 Fax: 8585696 Mapawa Natures Park 8584402 Fax: 725265 Mallberry Suites 8541999 / 7249999 Fax: 8544999 Maxandrea Hotel 8572244/729943 Fax: 724090 Miami Inn 8581901 to 02 Fax: 725279/728486 N Hotel (088) 8801924 Paras Beach Resort 8568563 Fax: 8568563

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Apo geothermal draws nine interested parties NINE investor groups have formally expressed interest in the September auction for the Mt. Apo geothermal power plants, the Power Sector Assets and Liabilities Management Corp. (PSALM) said over the weekend. “ The selection and appointment of the independent power producer administrator (IPPA) for the output of the Mindanao I and II (Mt. Apo 1 and 2) Geothermal Power Plants has drawn the interest of nine investor groups,” PSALM President and Chief Executive Officer Emmanuel R. Ledesma, Jr. said in a statement. These firms have been

identified as: EDC Mindanao G e ot he r ma l Inc. ; FD C Misamis Power Corp.; GDF SUEZ Energy Philippines, Inc.; Good Friends Hydro Resources Corp.; SMC Global Power Holdings C or p.; SPC Power Corp.; Therma Southern Mindanao, Inc.; Trans-Asia Oil and Energy Development Corp.; and Vivant Geo Power Corp. Mr. Ledesma made the announcement following the closing of the deadline for fulfilling initial bid requirements. These involve the submission of letters of interest by May 30, as well as payment of P120,000 nonrefundable participation

fee and the execution of a Confidentiality Agreement an d Un d e r t a k i ng w it h PSALM by June 6. Mr. Ledesma, who earlier said 10 firms submitted letters of interest, noted that only the nine companies completed the requirements. The deadline for the submission of bids for the IPPA appointment has been scheduled for Sept. 24, with a pre-bid conference on June 26. The winning bidder will be in charge of selling the capacity generated by the two power plants under two separate IPP contracts. Each of the power plant apo/PAGE 9

Tune Hotel 8800888/8801306 Travelers Pod 8518988

Villa Paraiso Apartelle 3870419 Fax: 3870429 HONORARY MEMBERS: Dept. of Tourism 723696/726394 / 8564048 Fax: 723696 RESTAURANTS: Bigby’s Café 72-1071/857-5511/8575836 Fax: 711843 Café Laguna 8582999 Fax: 8567001 DM Villaruy Restaurant 733790 Golden Ajirang I 856-5271 Fax: 727876 Grand Caprice Restaurant 72-6955/856-2302 Fax: 72-4986 Kagay-anon Restaurant 728958 / 8563688 Fax: 8563843 / 729003 La Ilongga Restaurant 72-6183 / 857-3652 Fax: 72-4605 Max’s Restaurant 8586297 Fax: 8568264 Missy Bon Bon 8566852 / 09228606442 Fax: 8566852 SLERS Ham & Café 8551438 Thai Me Up 738424/3108424 Fax: 738424 Barkadahan Grill 8551234 La Tegola Cucina Italiana 8585959

STEAG SUPPORTS CONSTRUCTION OF NEW SCHOOL BUILDING: Misamis Oriental Schools Division Superintendent Dr. Cherry Mae Limbaco led the ribbon cutting ceremony of the two-classroom school building at the Tambobong-Balacanas National High School (TBNHS) in Villanueva, Misamis Oriental. Jointly funded by energy-firm STEAG State Power Inc. and LGU Villanueva, the school building project will directly benefit some 96 grades 8 & 9 students enrolled at the TBNHS, and expected to ease the classroom shortage in the area. The new classroom is equipped with ergonomic mono block chairs which Steag also donated. Assisting Dr. Limbaco in the simple turn over rites were Steag Comrel Manager Ghaye Alegrio (l) and municipal vice mayor Edwin Dagasuhan (r). The spacious classrooms, the achievement of the 1:1 student-chair ratio, coupled with competent and dedicated teachers will be instrumental in achieving quality education in Villanueva.

Pancake House to increase capital PANCAKE House Inc is beefing up its capital in preparation for future share issuances. In a disclosure to the Philippine Stock Exchange, the listed casual dining restaurant operator said it will increase its capital stock to P1.4 billion from P400 million. The capital stock hike will create an additional 740.79 million authorized and unissued shares that will be “readily available for issuance by the company if and when deemed necessary and appropriate by its board of directors,” Pancake House said. “We plan on infusing more resources to our brands to keep them relevant in an increasingly competitive landscape. At the end of the day, our surest path to business success and consumer loyalty is a strong commitment to quality and service,” Robert Trota, president and chief executive officer of Pancake House, said in a statement. The capital stock hike will also support its declaration of a 100 percent stock dividend amounting to 259.21 million common shares at a par value of P1 per share, or one share for each share held, from the unrestricted retained earnings of the firm at end2013. Pancake House has yet to determine the record and payment dates for the stock dividend declaration. In February, the Max’s Group completed the takeover of Pancake House, acquiring 89.95 percent of the listed firm’s outstanding capital stock. PHI operates restaurant brands, namely, Pancake increase/PAGE 9

Aboitiz taps DBP for P2B loan to finance biomass plant A SUBSIDIARY of Aboitiz Equity Ventures Inc (AEV) has tapped the Development Bank of the Philippines (DBP) to bankroll the group’s first biomass plant in Lian, Batangas. In a disclosure to the Philippine Stock Exchange, AEV said unit Aseagas Corp inked a notes facility and security agreement worth P2 billion with the state lender. The amount will be used “to finance the construction of Aseagas’ first biomass renewable energy plant,” AEV said. Aseagas is a joint venture formed in 2012 between AEV and Gazasia Ltd, a

UK-based alternative fuel company, providing wasteto-fuel solutions. The company’s renewable energy facility will be put up at the LT Group’s Absolut distillery in Batangas. The proposed facility will process organic waste by-products to produce 9,000 metric tons of methane per year, which is enough to supply the fuel requirements of 200 buses. The product will be sold to commercial vehicle fleets and public transport running on gas. The company targets to start production of LNG f rom t he waste-to-f uel facility in 2015.

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Banking&Finance

BSP says inflation forecast already assumes fare hike THE recent PUJ fare hike has been incorporated in the Bangko Sentral ng Pilipinas’ (BSP) inflation forecast and so won’t pull a surprise with regards the speed of overall price increases is concerned, G ove r n or A m an d o M . Tetangco Jr. said yesterday. He said the BSP’s forecast also includes possible increases in the fares not only of public utility jeepneys, but also of the Light Rail Transit Lines 1 and 2, as well as of the Metro Rail Transit Line 3. “The projections continue to show within target inflation within the policy horizon,” Tetangco said. “The projections will be reviewed in the next policy meeting.” The BSP’s policy-setting Monetary Board is scheduled to hold its next meeting on June 19. The Land Transportation Franchising and Regulatory Board (LTFRB) yesterday released the new fare matrix in line with the recently approved 50-centavo increase in PUJ basic fares in Metro Manila as well as in Central and Southern Luzon. The adjustments will take effect on June 14. The BSP has forecast

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OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

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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

inflation averaging 4.3 percent for the entire 2014, or within the upper band of the central bank’s full-year target range of 3-5 percent. Last month, inflation hit a more than 2-year high of 4.5 percent, near the upper end of the BSP’s forecast range of 3.9-4.7 percent and bringing the year-to-date average to 4.1 percent, above the mid-point of the central bank’s target range. The May inflation figures

Bill amending PDIC charter filed in Senate A BILL giving state deposit insurer Philippine Deposit Insurance Corp. (PDIC) the power to salvage ailing banks way before they are shuttered has been filed with the Senate. The bill’s sponsor, Senator Sergio R.Osmeña III filed Senate Bill No. 2268 last June 3, seeking to amend Republic Act (RA) No. 3591 -- the law that created the PDIC. “The bill introduces much needed reforms in the charter of the Philippine Deposit Insurance Corporation. It seeks to address the concerns and gaps to make PDIC a more effective and efficient insurer of deposits consistent with international best practices,” Mr. Osmeña said in his introductory note of the bill. The bill proposes a new resolution framework to deal with problem banks. Under the proposed legislation, bank rehabilitation should commence while the bank is still open to avoid disruptions in the financial system. “Based on experience, successful rehabilitation after foreclosure is practically nil in view of the significantly d e t e r i o r at e d f i n a n c i a l position of banks,” Mr. Osmeña said. Under the proposal, the PDIC steps in upon failure of so-called Prompt Corrective Action (PCA) or

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upon request of the problem bank to be placed under resolution. “A n e f f e c t i v e b a n k resolution and liquidation framework would better protect the interests of the bank’s depositors and other creditors. A more prompt settlement of deposit insurance claims will further promote public confidence in the banking system,” he said. Mr. Osmeña also wants the 90-day receivership period removed from the PDIC’s provisions, so that lenders could recover assets ahead of bank closure. The bill also proposed setting up a bridge bank that will serve as a shell company that absorbs the asset and liabilities of the ailing bank until liquidation or sale. “A more efficient bank liquidation process would enhance recover y by depositors and creditors of their claims against the assets of the closed bank,” he said. Increased penalties for various offenses are also proposed. “The proposed amendments will contribute to a resilient financial system that can more effectively deal with bank failures,” Mr. Osmeña said. A similar bill is pending in Congress, backed by Batangas Representative Nelson Collantes.

drew a hawkish reaction from the BSP, with Tetangco saying that its room to keep policy rates at record lows has narrowed. Analysts said a rate hike is likely during its next policy-setting meeting. The BSP has kept its overnight borrowing and

lending rates at 3.5 percent and 5.5 percent, respectively, since October 2012. But with money supply growth of above 30 percent since late last year, the BSP has hiked by 2 percentage points the reserve requirement on banks.

PNB pushes aggressive bid for UCPB P H I L I P P I N E Nat i o n a l Bank (PNB) may make an aggressive bid for state-owned United Coconut Planters Bank (UCPB), as the country’s fourth-largest listed lender pursues growth through acquisitions, its president and chief executive said. PNB itself has reportedly been an acquisition target of Malaysia’s CIMB Group Holdings Bhd, but is not in talks with any suitors, bank President Reynaldo Maclang also said.

The Philippine government is preparing to auction a controlling stake of UCPB as part of plans to recapitalize the mid-sized lender, with bid parameters to be released on June 10. PNB is one of several banks linked with the sale. P N B ’s b o a r d h a s authorized management to look into a bid for UCPB, Maclang said. He later told Reuters that the bank is likely to place an aggressive bid. pnb/PAGE 9

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

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

BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406

PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438

BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263

PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184

BPI- COGON Osmeña St. Cdoc 8571297/8571298

PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386

CHINA BANK –GAISANO 745887/745880

QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390

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

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

DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649

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

DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819

SECURITY BANK- LKK Limketkai | 8801258/8801625

EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081 EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331 ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632 STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168 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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The Human Machine

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hink a minute…Can you imagine life without machines? If we didn’t have cars, buses, telephones or radios, we’d be lost without these basic machines we use every day. But a machine only helps your life if you know how to use it. It reminds me of the old chief from the jungle who came to town because he was asked to make a speech on the radio. The old guy had never been in a radio studio or seen modern gadgets like a microphone before. So when the radio host gave him the microphone, this jungle chief grabbed it and put it up to his EAR to give his speech! Machines and gadgets are great—if you know how to use them correctly. Do you know the most sophisticated, advanced machine ever invented? It’s you and me! The human machine. In fact, the more that scientists and doctors discover about the human body and brain, the more they learn what an amazing computer and machine we human beings are. Our mind, body, emotions, and will make up the total person that we are. You see, the only one who knows everything about how the human machine works correctly is the One Who designed and invented us. God made us differently from all the other animals which

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THINK

A Minute

By Jhan Tiafau Hurst

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Ensuring Economic Growth for the Poor

hat is needed today is to ensure that economic growth benefits the majority of peoples in our society by consistently raising the income level of the poor majority through social entrepreneurship. Social entrepreneurship is that which is not aimed solely at profit, but at private gain which has a social benefit. This genre of entrepreneur includes the purely charitable, non-government organisation, cooperatives and the purely commercial. The distinguishing feature is that their calculus of gain

editorial is not solely private profit but gain that is societal in its scope and aims. Across the world there are myriad hybrid organisations that have their origin in social entrepreneurship and which create value that blends economic, social and environmental dimensions. Entrepreneurs, employees and customers shared the benefits of the enterprise which have found innovative activities,

products and services. Some of this has always taken place in the Philippines, but not on a sufficient scale to coalesce into a critical m a ss t h at c ou l d m a ke a significant impact on economic development. Social entrepreneurship on a large scale can re-orient our country to a path of economic development by the proliferation of social e nt r e p r e n e u r s s h a r i n g

common perspective and targeted interventions. Social entrepreneurs can be the catalyst for a more humane capitalist economy because they live the Christian ethic which is “to give is to receive” and their praxis is to “gain in a way that as many others benefit”. When entrepreneurship would be truly integrated into the mainstream of society it would benefit workers and the surrounding communities yielding tangible beneficial returns across the entire society. editorial/PAGE 10

Pork Row: Grand Design to Abolish Congress?

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IFE’S INSPIRATIONS: “…`Can we find anyone like this man, one in whom is the spirit of God?’…” (Genesis 41:38, the Holy Bible). -ooo B ONG’S SPEECH A ROUSING PR SUCCESS: The privilege cum farewell speech of Sen. Ramon “Bong” Revilla Jr. last Monday, June 09, 2014, was a rousing public relations coup, alright, notwithstanding the attempts of Malacanang to downplay its effect on projecting Revilla as an underdog among the greater number of poor Filipinos. That speech undeniably projected two things: first, that Sen. Revilla is being politically persecuted by the Aquino government even if he is innocent of the charges against him in connection with the P10 billion pork barrel scam, thus endearing himself to the masses all the more as an “underdog”, and, second, that President Aquino is actually a big failure as a chief executive. Whoever was behind that speech certainly knew

his game, especially the game of protecting Bong from the pernicious trial by publicity that is being ferociously waged against him now by forces which, obviously, do not want him, and his Lakas party, to win the presidency of this country in 2016, since a Revilla and Lakas victory would give rise to a government that will also mercilessly run after those in power now. -ooo PROBLEMS PNOY HAD NOT FOCUSED ON: There is no mistaking about what Revilla thought about the pork charges against him, with the following parts of his speech, translated from Filipino: “Mr. President, I already said this before: my conscience is clear. Now that the cases against us have been filed, allow us to face our accusers in court. Let us allow the court to do its job, where we can defend ourselves.” On his assessment of the President’s discharge of his functions, Revilla said there are just too many problems

of the country that President Aquino had not focused on, particularly the basic needs and concerns of the Filipino people. He enumerated these needs and concerns that have not been sufficiently addressed: the lack of sufficient and satisfactory employment, which is causing widespread hunger and poverty; the lack of a sufficient and satisfactory help and assistance to the victims of Typhoon Yolanda; heightened criminality where the police must be mobilized to be more responsive. -ooo PORK ROW: GRAND DESIGN TO AB OLISH CONGRESS? Revilla also called for the following: immediate rehabilitation o f t h e N i n o y Aq u i n o International Airport so that it could provide better service, and become an instrument of tourism promotion; better medical help especially in government hospitals, side by side with making medicine available to the sick; more appropriate response to the looming national crisis on

K ak ampi

Mo A ng Batas

By Atty. Batas Mauricio

power and energy lack. The senator also called for more aggressive efforts to address our countrymen’s basic needs such as education, social services, and food security. Then, he gave Aquino this advice: “Lead this country not with hatred but with love. Lead the country towards unity and not partisanship. Push our nation’s interest and agenda.” He then expressed the hope that the pork barrel scam is not a part of a grand design to discredit Congress as an institution and remove the people’s trust in it, and thereby batas/PAGE 10

Truth’s Exclusivity, Charity’s Inclusivity have no ability to choose in their lives. They do everything simply by instinct. But we are free to think with our mind and conscience to make our own choices how we live. God did not make us robots that He controls and forces to live the right way. Sadly, since we’ve all chosen to be stubborn and self-centered, we’ve used our freedom wrongly. We even think we know better than our Maker and Inventor what will make us happy. We’ve all chosen to live our own way, instead of using our bodies and minds the way God designed us to enjoy life—the right way that works. God’s commands are not to stop us from having fun. It’s just the opposite! The Bible is simply the manual and instruction book for the human machine, so we can keep enjoying life

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e need to figure out how the exclusivity of truth can blend with the inclusivity of charity. Truth and charity should go together, not one without the other. St. Paul says it to us very clearly: “Do the truth in charity.” (Eph 4,15) He says that it is by this guideline that we will become like Christ. He reiterates this point when in another letter, he says: “Let all your things be done in charity.” (1 Cor 16,14) And that’s simply because charity is the mother of all virtues, the summary of all goodness, and, in fact, the very essence of God in whose image and likeness we are. Nothing is genuinely good and proper to us unless it is infused or motivated by charity. Truth, of course, is about what is objective, real, right, fair. It is more about how things ought to be which

may not coincide with how things are at present. In the end, truth is Christ himself, his whole self, his entire teaching and example. He himself said, “I am the way, the truth and the life.” (Jn 14,6) Our difficulty starts when we understand truth simply as an intellectual affair, divorced from its moral requirements. That attitude restricts the essence of truth, making it abstract, projected only in the ideal world of the mind and desires, detached from the concrete and real world where many other considerations ought to be made. Truth understood and lived in this way is actually not truth, since it would miss the entire picture of reality. And so we must disabuse ourselves from the indiscriminate reference of this term when what we are referring are actually

principles, doctrine, dogmas, opinions, and even popular consensus only. If ever we have to use that term, we need to qualify it accordingly as principles, doctrine, dogmas, ideologies, opinions or some consensus. It still has to pass the test of charity, which means that it has contend with the concrete data on the ground, the facts and conditions, that would determine whether such truth as principles, doctrine, etc. would be applicable or not, and also the way such truth ought to be presented. We have to be most wary to impose the truth on others. That’s not the way Christ did it. He was willing to be misunderstood, to suffer for the truth and eventually to die for it. Even in the strongest terms in which he presented the truth, he never imposed it on anyone by force. This is something that we have to learn to do, since very

HINTS

and

Traces

By Fr. Roy Cimagala

often our tendency is that even in matters of opinion where any view can have more or less the same weight as any other, we like to thrust ours to others. We feel hurt when we encounter disagreement. Yes, we need to foster the truth, especially the gospel truth, in season and out of season, as St. Paul says. But it should be done with charity always. We have to try to avoid humiliating others, especially cimagala/PAGE 9

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Community

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SP MisOr Strongly Objects to CHED’s Recommendation to Close BSU-ESCs

MISAMIS ORIENTAL – In a move to protect the poor and less-privileged students and constituents of the Province of Misamis Oriental, Vice Governor Joey G. Pelaez, Chairman of the Committee on Education of the Sangguniang Panlalawigan, took up the cudgels for the 6,000 students of Bukidnon State University – External Studies Centers (BSU-ESC) in the Province. Vice Governor Pelaez immediately called a public h e ar i ng to d i s c u ss t he recommendation of the C ommission on Higher Education (CHED) to stop the operations of BSUESCs. He also authored a Resolution requesting the Department of Education (DepEd) to allow the use of its facilities to the External Study Centers of BSU in Misamis Oriental. MisOr Governor Ye v g e n y Vi n c e n t e B . Emano conc ur re d wit h the Resolution of the Sangguniang Panlalawigan and strongly supported the position to object to CHED’s recommendation to close BSU-ESCs and for DepEd not to lend its

facilities to ESCs. T h e R e s olut i on w a s passed after a letter dated 19 March 2014 of CHED Chairperson Dr. Patricia B. Licuanan recommended to Department of Education ( D e p E d ) S e c re t a r y B r. Armin A. Luistro, FSC not to lend DepEd’s facilities to tertiary programs effective June 2014. A nt i c i p at i n g f u t u r e actions of the DepEd, the Sangguniang Panlalawigan, through Vice Governor Joey Pelaez, expressed its strong support for the continued operation of the ESCs in the Province for the welfare of the students. “The operation of the B SU - E S C s i n M i s a m i s Oriental is a laudable and tangible poverty reduction prog ram as it provides tertiary education to poor people and families living under the poverty level in the Province. In fact, most of those enrolled in the BSU-ESCs are working students and those who cannot afford the high costs of education in private colleges and universities or gover nment s cho ols outside their locality,” Vice Governor Pelaez said.

“Such recommendation, if implemented by DepEd, is anti-poor, discriminatory and elitist! If we will allow t his to happ en, we are m a k i ng qu a l it y h i g h e r education INACCESSIBLE to our poor constituents. It will displace around 6,000 students and the operations of the various BSU-ESCs will be paralyzed should DepEd decide immediately not to lend its facilities,” Vi c e G o v e r n o r Pe l a e z added. During the public h e a r i n g , t h e B SU - E S C Administrators vehemently denied the allegations in the letter of Dr. Licuanan. They said, among others, that: • Each instructor handles only 6 units as teaching load and those instructors who are connected to DepEd h a v e a d u l y ap p r o v e d PERMIT TO TEACH signed by the Schools Division Superintendent. Thus, there is no truth to the alleged overloading, cutting class time, having decreas ed e f f i c i e n c y, or te a ch i ng without permission from the Superintendent; • Performance levels of the schools where ESCs

SP COMMITTEE ON EDUCATION IN ACTION – Chaired by VICE GOVERNOR JOEY G. PELAEZ, the Committee on Education of the Sangguniang Panlalawigan inquired into the recommendation of CHED on the closure of BSU-ESCs in Mindanao during the public hearing last 23 May 2014. Several ESCs are situated in the various municipalities of the Province.

are located are not also affected based on National Achievement Test (NAT) results; and • A l l E S C s h a v e contributed to the decrease of drop-out rates in the locality. The R es olut ion a ls o notes that 30 years after the

ESCs were established, the conditions remain the same, that is, higher education institutions (HEIs) that are accessible and affordable have yet to be created. Vice Governor Pelaez is optimistic that the Resolution will help in the protection of the

welfare and interest of the students of MisOr. It will be recalled that before Vice Governor Pelaez ran for public office, he was the Executive Director of the Center for Students and Co-Curricular Affairs in DepEd Central Office. (SP Communications)

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wednesday|June 11, 2014

Misamis Oriental Governor Yevgeny Vincente B. Emano strikes a “high-five” to one of the kindergarten pupils of Hermano Elementary School in Balingasag on Monday. The Governor visits elementary and secondary schools in the province in time of the opening of school year 2014-2015 and further encourages teachers and pupils not to bully one another, so that they will not grow violent. The Governor also slates June as his visit to schools to personally listen and attend to different needs, as his administration values education. CAPITOL PHOTO

Crisis...

Law...

STEAG State Power Inc completed last May 30 the repairs on the 210-megawatt (MW) coal plant in Misamis Oriental. The facility, which generates roughly a fifth of the region’s electricity, had been shut down since February following a grid-wide power interruption in Mindanao. Based on the National Grid Corp of the Philippines’ weekly projections, Mindanao will still suffer a supply shortfall from Monday to Thursday despite the completion of repairs at the STEAG plant. Besides the coal plant, DOE is banking on the resumption of the Interim Mindanao Electricity Market (IMEM) to help ease the shortage in the area. Operations of IMEM were halted last February to make way for amendments to its rules and regulations. The IMEM is a trading platform for electricity that allows establishments with excess or untapped power generation to sell their output to electric cooperatives and distribution utilities without having to undergo regulatory approvals. Among the amendments introduced to the market is demand-side bidding wherein buyers will set the price of power and sellers would adjust their offers accordingly. For example, if an electric cooperative posts a P10 per kilowatt-hour buying price for its electricity requirements it would be up to generators if they would meet this amount. Petilla said the Energy Regulatory Commission however has yet to approve the new rules and that utilities would have to pay their dues to suppliers first before IMEM resumes operations. “Even if the ERC approves it, the participants will first have to settle outstanding bills before we resume with amended IMEM,” he said.—InterAksyon.com

these are consistent with what the parties agreed upon in the 17 years of peace negotiation,” the seven-paragraph joint statement issued Tuesday by Executive Secretary Paquito Ochoa and BTC chair Mohagher Iqbal, said. The statement, e-mailed to media outlets by the media bureau of the Office of the Presidential Adviser on the Peace Process (OPAPP) at 1:10 p.m. on June 10 noted that efforts “have already been made to coordinate with the Senate and House leadership to ensure that the draft BBL is submitted to Congress when sessions resume in July.” Congress goes on sine die adjournment on June 11 and will resume sessions on July 28, with the President delivering his State of the Nation Address (SONA). Presidential Adviser on the Peace Process Teresita Quintos-Deles had hinted in her opening remarks at the International Conference of Cotabato at the Notre Dame University in Cotabato City on Friday that the 97-page draft will not be transmitted before Congress adjourns on June 11. She said it was still undergoing a “thorough process of review” by the Office of the President to ensure Congress gets a “more refined and strengthened” draft. Senate President Franklin Drilon, in a message read for him by Cardinal Orlando Quevedo in the Cotabato conference, assured the Senate’s support to the peace process and their commitment to pass what he refers to as “unifying and integrating” Basic Law. Drilon said they will “ensure that the Bangsamoro law falls within the four corners of the Constitution and that it can withstand judicial scrutiny.” He vowed to pass the law “as early as possible.” Deles urged hundreds of conference participants to “look at what’s going on from a glasshalf-full perspective.” “We have waited 17 long

from page 1

from page 1

years for a mutually binding and acceptable peace process with the MILF; and yet that has been achieved within three years of this administration. We can be bold in taking a few more days, if not weeks, to ensure a more refined and strengthened draft BBL to be stewarded by the leadership of both Houses of Congress through the legislative process and thereafter for ratification through plebiscite,” she said. In the revised roadmap of the GPH-MILF peace process – now constituting 11 steps from creation of the BTC to signing of the exit document — only Steps 1 and 2 have been completed: the BTC was created in February 2013 and the Basic Law was drafted and submitted to Malacanang on April 22. The other steps: 3. Draft BBL submitted to Congress; 4. President certifies proposed Basic Law as urgent; 5. Congress passes BBL; 6. Plebiscite conducted to ratify law; 7. Basic law enacted; BTC ceases to exist; 8. ARMM is deemed abolished once the Basic Law is ratified; 9. Bangsamoro Transition Authority officials are appointed; 10. Election of officials of Bangsamoro Government by 2016; and Step 11, the signing of the exit document “officially terminating the peace negotiation may be crafted and signed by both Parties if and only when all agreements have been fully implemented.” In last year’s SONA, the President urged Congress to pass the Bangsamoro Basic Law before end of 2014 to allow more time for the transition from the Autonomous Region in Muslim Mindanao (ARMM) to the Bangasmoro, a new autonomous political entity with a ministerial form of governance. Both parties are eyeing June 30, 2016, the end of the Aquino administration’s six-year term, as the inaugural of the regular Bangsamoro government and the proclamation of the first set of elected officials As of June 10, there are only 751 days left to June 30, 2016.

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Curfew... from page 2

initiated the enforcement of the Curfew Law upon observing alarming incidence of child trafficking in the city. Lao said many young people are wandering in food hubs, disco clubs, and lounges and convenience stores drinking liquors, alcoholic and intoxicating beverages while others are engaged in drag racing, which disturbs the peaceful atmosphere during night time. According to L ao, 1 7 b ar ang ay s are n ow implementing the curfew ordinance without penalty. Minors are just advised to go home and the attention of their parents are called, he said.

Fund... from page 2

Particularly, the 2013 BEFF allocations covered the construction of classrooms in areas experiencing acute classroom shortage, Dr. Jonathan S. Dela Pena, Schools Division Superintendent, said. As recalled, President Benigno S. Aquino III, during his visit to the province, April of last year, said some P14.11 billion in BEFF for Fiscal Year 2013 have been allocated for the construction, replacement and completion of kindergarten, elementary and high school buildings in areas experiencing

acute classroom shortage, nationwide. He said this refer to areas where the number of students divided by the existing number of classrooms result in a student-classro om ratio of 50:1 or 50 or more students per one classroom and those where classrooms are temporary in nature or are makeshift structure or those without classrooms, at all. Meanwhile, the OPPSPFSED dat a show t hat classrooms ranging from P 6 3 4 , 0 0 0 to P 7 1 8 , 0 0 0 , each, were distributed in the following towns: Tudela, 1 2 cl ass ro oms , S ap ang Dalaga, 11, Aloran and Don Victoriano, eight, each, Jimenez, seven, Clarin, six, Concepcion, five, Bonifacio, four, Sinacaban, three, Panaon and Plaridel, two, each, and Baliangao and Lopez Jaena, one, each. On the other hand, 10 classrooms worth P6.89 million have been allocated for the Division under Batch 5 of the 2013 BEFF involving the construction of 7x9 m., classrooms with 2-seater toilets attached to the side including a septic vault, which have been held pending due to the non-issuance of the Statement of Allotment and Release Order (SARO). L i ke wis e, addit iona l eight classrooms worth P5.52 million have also been allocated to the division using realigned funds and foreign exchange (forex) gains,

while about 12 Sphere-type classrooms worth P16.55 million were also allocated to the division in 2011-2012, the OPPS-PFSED data show.

Apo... from page 4

has a capacity of 54.24 megawatts (MW). Located in Kidapawan City, North Cotabato, the power plants were commissioned on Feb. 15, 1997 and June 17, 1999 under a buildoperate-and-own contract with Energy Development Corp. The cooperation period for both plants is 25 years and will expire on Feb. 15, 2022 and June 17, 2024, respectively. PSALM was formed under Republic Act 9136 or the Electric Power Industr y Reform Act of 2001 to assume ownership of and manage all National Power Corp. (Napocor) assets, liabilities, contracts with independent power producers and other disposable assets. The f ir m is a ls o in charge of privatizing and disposing of these assets to liquidate Napocor’s financial obligations.

Increase... from page 4

House, Dencio’s, Kabisera ng Dencio’s, Teriyaki Boy, Sizzlin’ Pepper Steak, Le Coeur De France, The Chicken Rice Shop, Maple and Yellow Cab.

Aside from the Filipino heritage brand that started in 1945, Max’s has brought the popular international brands Krispy Kreme and Jamba Juice to the Philippines. Pancake House posted a net income of P29.7 million in the first quarter of 2014, down from P40.55 million in the prior year.

to buy into a mid-sized Philippine lender after failing to acquire Manila-based Bank of Commerce last year. “We’re not thinking of any merger with a foreign bank,” Maclang said at the briefing. (Reuters)

PNB...

those who are clearly in error. As much as possible, the transmission of truth should be such that the audience or recipients would feel that they get to know the truth by their own accord, instead of being told, or made to arrive at a certain conclusion because of how the truth is framed. Priests who by office preach should tr y their best that their words drip with charity, compassion, understanding and mercy. As much as possible, they (we) have to avoid sounding domineering and lording it over. This will require nothing less than a vital union with God. No matter how sure we are of our doctrine or how relevant the point we want to make is, there is no basis for us to sound scolding and controlling. The tone should always be kind and warm, positive and encouraging, hopeful and optimistic even if we have to issue some suggestions, warnings or corrections. We should remove any trace of bitterness, sarcasm, irony. These only leave a

from page 5

“We will study if it will be a positive addition to the bank, then we will go for it,” Maclang said at the briefing, held after a shareholder meeting of PNB parent LT Group Inc . As well as PNB, EastWest Banking Corp and other g roup s have e xpre ss e d interest in buying into UCPB. BDO Unibank Inc, the country’s biggest lender, and Union Bank of the Philippines in April were reportedly interested in buying into UCPB. When quizzed on the matter by the stock exchange, they said in separate statements that they were open to expansion opportunities. PNB is also in talks to buy two thrift banks to fatten PNB subsidiary Allied Savings Bank, Maclang said. He declined to identify the two targets due to confidentiality agreements. Maclang also said PNB is not discussing any tie-up with CIMB. The Malaysian bank has said it was looking

Cimagala... from page 6

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bad taste in the mouth, and can be more destructive than constructive. Rather, there has to be a more dialogical character of any communication. This is how we can more effectively blend the exclusivity of truth with the inclusivity of charity. To reach and to adapt to us, God had to become man, and the man-God, Jesus Christ, did everything humanly possible to make himself understood. He used parables and his teachings were accompanied by appropriate actions. He was willing to go all the way to die on the cross to make his point. EXTRA JUDICIAL SETTLEMENT AMONG HEIRS WITH WAIVER OF RIGHTS Notice is hereby given that the intestate estate of the late ROMULO ALVIA SERINO, who died on July 27, 2008 at Baroy, Lanao del Norte without any will; left “ A parcel of Lot 2, Blk 8, Psd-123522-017578, being a portion of Lot 14 Blk C, ( LRC) Psd- 100834 situated in the Barangay Poblacion, Municipality of Tubod, Province of Lanao del Norte, Island of Mindanao. Bounded on the N. along line 4-1 by Road Lot 1 : on the E., along line 1-2 by Lot 3; on the S., along line 2-3 by Road Lot 4; on the W., along line 3-4 by Lot 1, all of the Subd. Plan. Containing an area of ONE HUNDRED FORTY (140) SQUARE METERS, more or less, including the improvements found thereon.”, which real properties are covered by Transfer Certificate of Title No. T-22, 016 and TCT No. T-21, 370 respectively of the Registry of Deeds of Province of Lanao del Norte; is the subject of EXTRA JUDICIAL SETTLEMENT AMONG HEIRS WITH WAIVER OF RIGHTS. As per Doc. No. 583, Page No. 88, Book No. XXI, Series of 2014. Under Notary public Atty. SHIRLY PARMISANA- BISNAR. BWM: June 11, 18 & 25, 2014

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wednesday|June 11, 2014 Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City Branch 22 OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE File No. 2014-102

Upon Extra-Judicial petition for sale under Act 3135 as amended filed by RURAL BANK OF BALINGASAG , INC., mortgagee, with office address at Rizal corner Malvar Streets, Poblacion 5 ,Balingasag , Misamis Oriental against DAISY L. ZAMORAS, mortgagor/s, of legal age, Filipino/s with postal address at Bobontugan, Jasaan, Misamis Oriental , to satisfy the mortgaged indebtedness which was as of February 28, 2014 amounts to FOUR HUNDRED FIFTY FOUR THOUSAND FORTY SEVEN PESOS and 37/100 ( Php 454,047.37) Philippine Currency including interest & penalty charges, excluding attorney’s fees and expenses of foreclosure, the undersigned sheriff will sell at public auction on July 21, 2014, at 10:00 a.m to 4:00 p.m or soon thereafter at the RTC Branch 22 office, Arch Hayes St., Cagayan de Oro City , to the highest bidder, for CASH and in Philippine Currency, the herein described property and all improvements thereon to wit : TAX DECLARATION NO. 08-11-0004-05256 A PARCEL OF RESIDENTIAL LAND, with all improvements thereon , Lot no. 1226-B-1, situated at Bobontugan , Jasaan, Misamis Oriental , registered in the name of Daisy Zamoras, containing an area of TWO HUNDRED EIGHTY NINE (289) square meters more or less. Prospective buyers/ bidders may investigate for themselves the title of the herein described property and encumbrances thereon, if any there be. All sealed bids must be submitted to the undersigned on the above stated time and date. In the event the public auction should not take place on the said date, it shall be on the next working day without further notice. Cagayan de Oro City, May 20, 2014.

FOR THE PROVINCIAL EX-OFFICIO SHERIFF :

(Sgd.) JOEL LYDVEL G. PAKINO Sheriff IV

BWM: May 28, June 4 & 11, 2014

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12TH Judicial Region BRANCH 07 Tubod, Lanao del Norte In the matter of Adoption and Change of name of JOANNAH MARIE DAYONDON CAYACAP to NIŇA DAYONDON ABALDE.

SPL. PROC. NO. 285-07-2014

Sps. JONATHAN GEMINO ABALDE and ANTONIETA DAYONDON ABALDE, Petitioners. X-----------------------------/ ORDER This is a petition for adoption of minor name JOANNAH MARIE DAYONDON CAYACAP filed before this Court on May 23, 2014 by the herein petitioners praying among others that after notice and hearing, judgment be entered adjudging the minor JOANNAH MARIE DAYONDON CAYACAP to be the child of spouses JONATHAN GEMINO ABALDE and ANTONIETA DAYONDON ABALDE and to change the child’s name from JOANNAH MARIE DAYONDON to NIŇA DAYONDON ABALDE. Petitioners allege that they are spouses, both Filipino citizens, of legal age, married, and resident of Purok 3, Libertad, Kolambugan, Lanao del Norte. They were married on December 22, 200o in Tubod, Lanao del Norte with full capacity, of good moral character as evidenced by the Certification issued by their Barangay Captain. They have no legitimate children and desire to adopt JOANNAH MARIE DAYONDON CAYACAP, an illegitimate child of Jermalou Dayondon Cayacap. The latter is a single mother and niece of petitioner Antonieta Dayondon Abalde. The child to be adopted is now five (5) years old and has been under the joint custody of the petitioners since her birth on January 18, 2009. Jermalou, the biological mother of the child was only eighteen (18) years old when she delivered Joannah. She could not support the child and decided to abandon her parental authority to the petitioners who took care of the child since then. To the best interest of the child, the biological mother agreed to the legal adoption of her child. She voluntarily executed an Affidavit of Intent and Consent to the filing of the instant petition for adoption. Since the birth of the child on January 18, 2009, petitioners have treated the minor child as their own and continue to give her the proper care and love as well as financial, emotional and moral support. In response, the child now considers them as real parents. Petitioners are sixteen (16) years older than the minor to be adopted, hence, are not disqualified by law to adopt. Petitioner husband being an overseas worker and the wife, being a public school teacher, are financially and morally able to raise up and educate the child properly and adequately. In the community they lived, the child has been known as NIŇA DAYONDON ABALDE. This is the name she used when she enrolled as Nursery in Tubod Kiddie School. The petitioners further petition the Court that in addition for their prayers for the approval of the petition they sought, they also seek for the change of name of the child from JOANNAH MARIE DAYONDON CAYACAP to NIŇA DAYONDON ABALDE, to the best interest and welfare of the child to be adopted. Set the initial hearing of the petition to August 15, 2014 at 8:30 in the morning before the sala of this Court. Furnish copy of this Order to the Office of the Solicitor General at Makati City, Office of the Public Prosecutor in Tubod, Lanao del Norte, Atty. Joel Alima of Tangub City and to the petitioners whose residence is at Purok 3, Libertad, Kolambugan, Lanao del Norte. Let copy of this Order be published in a newspaper of general circulation for three (3) consecutive weeks, at the expense of the petitioners. The Department of Social Welfare and Development Office in Tubod, Lanao del Norte is hereby directed to conduct a Home Study and Child Study Report upon the petitioners and the child sought to be adopted, as well as the biological parents. She is directed to submit a report relative thereto at least three (3) days before the scheduled hearing. Any interested person/s are hereby directed to come to Court on said date and time to show cause why said petition should not be granted. So Ordered. Tubod, Lanao del Norte. June 9, 2014. BWM : June 11, 2014

(Sgd.) DENNIS P. VICOY Acting Presiding Judge

IMEM... from page 1

settlement amounts in view of the need of familiarizing the IMEM trading participants with the IMEM trading and settlement processes.” The IMEM was first launched September 26 last year. From that, it was afforded a three-month trial program to finally reach settlement phase on traded capacities. Howe ver, the initial c a l c u l at i on of bi l l i ng s resulted in several problems that engendered the energy department to temporarily suspend payments to affected

players – primarily the power generator-sellers in the market. Similarly, the distribution utilities in the area raised concerns on capacity allocations as underpinned by the demand-side bidding design of the IMEM. The DOE in particular averred that “for the first billing period covering 03 December to 25 December 2013, several issues and operational concerns were experienced that prompted the DOE to initiate the conduct of series of reconciliation consultations of the first IMEM Billing between and among the participants.”

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region BRANCH 24 Cagayan de Oro City HOME DEVELOPMENT MUTUAL FUND, FILE NO. 2014-122 Mortgagee, FOR: EJF OF REAL - versus- ESTATE MORTGAGE UNDER ACT 3135 RUEL T. CAPISTRANO married to MARICHU Y. CAPISTRANO, Mortgagors. X --------------------------------------------/ SHERIFF’S NOTICE OF SALE Upon extra-judicial petition for sale under ACT 3135 as amended filed by HOME DEVELOPMENT MUTUAL FUND , ( PAG-IBIG) mortgagee, against RUEL T. CAPISTRANO married to MARICHU Y. CAPISTRANO, mortgagors, resident of Taboc, Opol, Misamis Oriental, to satisfy the mortgage indebtedness which as a May 9, 2014, amounts to (P 224,020.77) excluding penalties, charges, attorneys fees and expenses of foreclosure , the undersigned Sheriff will sell at Public Auction on July 21, 2014 at 9:00 A.M. or soon thereafter at the main entrance of the Hall of Justice, Hayes Street, Cagayan de Oro City , to the highest bidder, for CASH and in Philippine Currency, the properties with all its improvements to wit : TRANSFER CERTIFICATE OF TITLE NO. T-41074 A PARCEL OF LAND ( Lot 4713-C,Psd-10-033412, being a portion of Lot 4713,Cad-237, (Cagayan Cadastre), situated in the Barrio of poblacion, Mun. of Opol,Province of Misamis Oriental , Island of Mindanao. Bounded of the NW., along line 4-1 by Lot 4713-B,on the NE., & SE., along line 1-2-3 Lot 4713-E,both of the subdivision plan Psd-10-033412., on the SW., along line 3-4 by Barrio Road. Containing an area of FOUR HUNDRED FIFTY ( 450) square meters more or less. Prospective buyers may investigate for themselves, in the event of Auction Sale can not take place for whatever legal reason the sale will proceed on the following day, without further notice, posting and publication, the title here in above described and encumbrance thereon, if any there be. Cagayan de Oro City, Philippines, June 6, 2014. (Sgd.) TERESITO C. ESTENZO Sheriff IV BWM : June 11, 18 & 25, 2014

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 17 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE FILE NO. 2014-116 Upon extra-judicial petition for sale under Act No. 3135 filed by YULO G. TEE, mortgagee, married to Elsa C. Tee, with office at Eagle St., San Isidro Village, Kauswagan, Cagayan de Oro City, against CORAZON A. CORRALES, mortgagor, married to Franklin A. Corrales, residing at 51 Molave St., PN Roa Subdivision, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of December 2013, amounts to TWO HUNDRED TWENTY TWO THOUSAND PESOS ( 222,000.00), excluding penalties, charges, attorney’s fees and expenses of foreclosure, the undersigned or her duly authorized deputy will sell at public auction on July 2, 2014 at 10:00 A.M. or soon thereafter at the office of the Clerk of Court, Regional Trial Court, Branch 17, Hall of Justice, Cagayan de Oro City to the highest bidder, for cash or manager’s check and in Philippine Currency the following property with all improvements, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-40631 “A PARCEL OF LAND ( Lot No. 3615-A-3, Block No. 3, Psd10-005593, being a portion of Lot 3615-A, Psd-10-004675), situated inthe Barrio of Iponan, City of Cagayan de Oro , Island of Mindanao. Bounded on the NW., along line 4-5 by Lot 4, Blk 3; x x x . . . . Containing an area of Four Hundred Eighteen ( 418) square meters, more or less.” All sealed bids must be submitted to the undersigned on the abovestated date, time and place. In the event the public auction should not take place on the said date for whatever reason, the public auction will proceed on the next working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title hereinabove described and encumbrances thereon, if any there be. Cagayan de Oro City, May 28, 2014. (Sgd.) FE O. BONTUYAN-BULARON Sheriff IV BWM : June 4,11 & 18, 2014

Fo l l ow i n g t h at , t h e department emphasized that further studies were undertaken primarily those delving on concerns and recommendations “to improve the implementation of the IMEM.” Another setback on the Mindanao market had been its snarled supply after the February 27, 2014 blackouts which downed the Steag power plant operationally for some time, hence, setting off full suspension of the IMEM operations.

Fail...

from page 1

Mindanao’s 2013 total trade clinched $7.6-billion freight-on-board (FOB) receipts, which registered a remarkable 15 percent increase, Antonino said, adding that the island-region had also secured around $6.612-billion FOB receipts in 2012. “ We a n t i c i p a t e d a downtrend in some of the region’s agricultural produce, particularly banana and coconut, because of the typhoon, but on the contrary, banana remained as our top dollar earner in 2013,” she said. In D e c e mb e r, 2 0 1 2 , Mindanao suffered heavy losses from typhoon “Pablo” that severely hit several provinces in the regions of Caraga and Davao. The MinDA said the banana industry garnered the highest record in FOB receipts – reaching up to $0.911 billion in 2013, which is 45 percent higher than the $0.6255 billion it registered in 2012. But minor declines in the agriculture sector were also recorded last year, Antonino said, which particularly hit the coconut and palm kernel exports.

Editorial... from page 6

Social entrepreneurship has the potential to create a more humane and d e velopme nt a l t y p e of capitalism to the varieties that have prevailed before.. It is possible to realise the goals of socialism without its inefficiencies and promote the creative initiative of capitalism without the selfishness. Social entrepreneurship can create an entrepreneurled, market-operated economy embedded in a social consciousness of shared gain for the majority of the population.

Batas... from page 6

pave the way for its abolition through an amendment of the Constitution. -ooo REMINDERS: Please tune in: “Tambalang Batas at Somintac sa DZEC”, at 1062 kHz on the AM band, Mondays to Fridays, at 6 a.m., simulcast, real time, over www.eaglenews.ph; “Kakampi Mo Ang Batas sa Radyo Trabungko FM”, at 103.7 mHz in Don Carlos, Bukidnon, Mondays to Fridays, at 7 a.m.; and “Kakampi Mo Ang Batas sa DYKA” at 801 kHz on the AM band (Panay Island), Mondays to Fridays, at 10 a.m.

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

R.A. 9048/10172 Form No. 10.1 (LCRO) (Revised 15 August 2001) Republic of the Philippines Local Civil Registry Office PROVINCE OF MISAMIS ORIENTAL Municipality of Tagoloan NOTICE OF PUBLICATION In compliance with Section 5 of R.A. 9048, a notice is hereby served to the public that PRISCILLA M. BERNARDINO has filed with this office a Petition for Change of First Name from “VIRGINIA FE” to “VIRGINIA”. In Compliance with Section 2 of R.A. 10172, a notice is hereby served to the public has filed with this office a Change of Birth Date from “November 2, 1952” to “October 2, 1952” who was born on November 2, 1952 at Tagoloan, Misamis Oriental , Philippines from parents Melba A. Valdehueza and Elpidio Y. Marte. Any person adversely affected by the said petition may file written opposition within this office not later than ___________________. (Sgd.) MARINELA FACTURA FABELA Municipal Civil Registrar BWM: June 4 & 11, 2014

R.A. 9048/10172 Form No. 10.1 (LCRO) (Revised 15 August 2001) Republic of the Philippines Local Civil Registry Office PROVINCE OF MISAMIS ORIENTAL Municipality of Tagoloan NOTICE OF PUBLICATION In compliance with Section 2 of R.A. 10172, a notice is hereby served to the public that JUNNEVEL L. DANLOG has filed with this office a Petition for Correction of Gender from “FEMALE” to “MALE” who was born on 11 July 1985 at Tagoloan , Philippines from parents Lourdes Lagubis and Digno Danlog. In Compliance with Section 2 of R.A. 10172, a notice is hereby served to the public has filed with this office a Change of Birth Date from “11 July 1985” to “12 July 1985” who was born on 11 July 1985 at Tagoloan, Philippines from parents Lourdes Lagubis and Digno Danlog. Any person adversely affected by the said petition may file written opposition within this office not later than ___________________. (Sgd.) MARINELA FACTURA FABELA Municipal Civil Registrar BWM : June 4 & 11, 2014

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wednesday|June 11, 2014 Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region BRANCH 24 Cagayan de Oro City

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch I8 Cagayan de Oro City

OFFICE OF THE PROVINCIAL SHERIFF

NOTICE OF EXTRA JUDICIAL SALE

SHERIFF’S NOTICE OF SALE File No. 2014-103 Upon Extra-Judicial petition for sale under Act 3135 as amended filed by RURAL BANK OF BALINGASAG, INC., mortgagee against SPS. TORADIO NANDONG and INOCENCIA NANDONG, mortgagors, residing at Madaguing, Claveria, Misamis Oriental, to satisfy the mortgage indebtedness which as of February 25, 2014, amounts to ( P 538,386.75) excluding penalties, charges, attorneys fees and expenses of foreclosure, the undersigned Sheriff will sell at public auction on July 21, 2014, at 9:00 in the morning or soon thereafter at the main entrance of the Hall of Justice, Hayes Street, Cagayan de Oro City, to the highest bidder, for cash and in Philippine Currency, the property with all its improvement to wit: KATIBAYAN NG ORIHINAL NA TITULO NO. P-34538 A PARCEL OF LAND, with all improvements thereon, Lot No. 43, GSS-10000092, situated at Madaguing ,Calveria, Misamis Oriental , registered in the name of Toradio and Inocencia Nandong , containing an area of THIRTEEN THOUSAND ONE HUNDRED FORTY TWO ( 13,142) square meters more or less. KATIBAYAN NG ORIHINAL NA TITULO NO. P-35792 A PARCEL OF LAND, with all improvements thereon, Lot No. 17, GSS-10000085, situated at Madaguing ,Calveria, Misamis Oriental , registered in the name of Toradio and Inocencia Nandong , containing an area of SIXTY ONE THOUSAND SIX HUNDRED TWENTY TWO ( 61,622) square meters more or less. Prospective buyers may investigate for themselves .in the event of Auction Sale can not take place for whatever legal reason the sale will proceed on the following day, without further notice, posting and publication. the title here in above describe and encumbrances thereon, if any there be.

Cagayan de Oro City, Philippines, May 19, 2014.

THE EX-OFFICIO PROVINCIAL SHERIFF:

(Sgd.) TERESITO C. ESTENZO Sheriff IV BWM: June 11,18 & 25, 2014

11

OFFICE OF THE PROVINCIAL SHERIFF

RURAL BANK OF BALINGASAG, INC., FILE NO. 2014-099 Mortgagee, FOR EXTRA-JUDICIAL FORECLOSURE SPS. JONAS VILLANUEVA and OF REAL ESTATE LAZARITA VILLANUEVA, MORTGAGE Mortgagors. X---------------------------------------------/ Upon extra-judicial petition for sale under Act 3135 as amended, filed by RURAL BANK OF BALINGASAG, INC., Mortgagee, against SPS. JONAS VILLANUEVA and LAZARITA VILLANUEVA, Mortgagors, with postal address at San Isidro, Balingasag, Misamis Oriental, to satisfy the mortgage indebtedness which as of February 25,2014, amounted to THREE HUNDRED FORTY SIX THOUSAND FOUR HUNDRED FORTY TWO PESOS AND 50/100 (Php 346,442.50) including of interest and penalties but exclusive of interest and other charges which may accrue after said date; ten percent ( 10%) attorney’s fee and all other necessary expenses incident to the enforcement of the sale, the undersigned sheriff will sell at public auction on June 20, 2014 at 9:00 a.m. to p.m., at the Regional Trial Court, Branch 18,Room 117,Hall of Justice, Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the following properties described below including below including all existing improvements found thereon, to wit: Tax Declaration No. 9401704 A PARCEL OF LAND, with all improvement thereon, situated at Balagnan, Balingasag, Misamis Oriental. Bounded on the North, by Isabelo Villanueva; South, by Isabelo Villanueva; East, by Jonas Villanueva and on the West by Senon Mangaycay, registered in the name of Jonas Villanueva, containing an area of four thousand one hundred forty three (4,143) square meters. Tax Declarartion No. 9401697 A PARCEL OF LAND, with all improvement thereon, situated at Balagnan, Balingasag, Misamis Oriental. Bounded on the North, by Mamancol Creek; South, by Kibongol Creek; East, by V. Villanueva and on the West by Americio Villamor, Didi Arenas, registered in the name of Jonas Villanueva, containing an area of twenty nine thousand eight hundred seventy ( 29,870) square meters. Tax Declaration No. 9406211 A PARCEL OF LAND, with all improvement thereon, situated at Lingangao, Balingasag, Misamis Oriental. Bounded on the North, by Lot # 001 ; South, by Lot # 044 & 007; East, by Lot 030 and on the West by Lot # 002, registered in the name of Jonas Villanueva, containing an area of three thousand one hundred seventy two ( 3,172) square meters. All sealed bids must be submitted to the undersigned on the above stated time and date. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without day, without further notice , posting and publication. Prospective buyers may investigate for themselves the title herein above described and encumbrance thereon, if any there be. Cagayan de Oro City, May 21, 2014. FOR THE EX-OFFICIO PROVINCIAL SHERIFF

(Sgd.) NIZA P. TACANDANG Sheriff IV

BWM: May 28, June 4 & 11, 2014

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SM Supermalls’ Senior Vice President for Engineering and Security Affairs Antolin V. Paule leads the 8th joint tactical inspection of security and maintenance personnel at SM City Cagayan de Oro last June 6, 2014.