Issuu

BusinessWeek MINDANAO CREDIBLE

Volume VIII, No. 4

Market Indicators As of 5:00 pm June 15, 2017 (thursday)

FOREX

PHISIX

US$1 = P49.630

7,964.49

7 cents

1.52

points

Briefly Power deal ETON Properties, the real estate development arm of the Lucio Tan Group, has firmed up a deal with an Aboitiz Power Corporation subsidiary on electricity supply procurement of 5.2 megawatts to serve its requirements. In a statement to the media, AP Renewables, Inc. (APRI) of the Aboitiz group indicated that the contracted power will be coming from its Makiling-Banahaw (MakBan) geothermal facility – which is under its “Cleanergy” brand. Eton Properties will funnel this power supply off-take at its Cyberpod office buildings at the Eton Centris in Quezon City. As noted, the power requirement factored in the Lucio Tan-owned property firm’s plan to establish more office spaces “to optimize continuous growth (in) the business process outsourcing (BPO) industry.”

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By MYRNA M. VELASCO, Contributor

MID the tension in the region, the propounded launch date as well as trial operations program for the Wholesale Electricity Spot Market (WESM) in Mindanao sails on to concretization this month. According to Philippine Electricity Market Corporation (PEMC) President Melinda L. Ocampo, the Department of Energy (DOE) has already given gosignal on the market’s trial operations starting June 26

this year. Mindanao industr y participants, she said, “are expected to be involved in the conduct of end-to-end testing of all interfaces and systems that will involve simulations wesm/PAGE 11

DTI: Extension of price freeze in M’nao eyed DEPARTMENT of Trade and Industry (DTI) Secretary Ramon Lopez said the agency is studying the situation in Mindanao if it needs for extension of price freeze once

the 60-day martial law ends next month. “With the gravity of the situation, there is a possibility. We are not yet saying yes. extension/PAGE 11

Agus rehab THE Department of Finance (DoF) said it backs the Energy department’s plan to rehabilitate Agus hydroelectric complex before it is privatized. PSALM earlier said that it had commissioned a study on the best scheme to transfer the Agus-Pulangi complex to the private sector as called for by law. “What we discussed a while ago, was the rehab of the Agus river system. Which is the right time to do it now, because we have an excess power in Mindanao,” Finance Secretary Carlos G. Dominguez III told reporters yesterday at the Department of Finance headquarters in Manila, after meeting with heads of government-owned and -controlled corporations. “So you repair it... and that thing is only operating for about 40% capacity. So you better repair while you have enough capacity, before it catches up to you,” he said.

IN-DEPTH

MAUTE BOMBER NABBED. Chief Supt. Agripino Javier, regional director of PNP-10 (right) presents Mohammad Maute (center, wearing orange shirt) to the media following his arrest in Sta. Cruz, Barangay Macasandig, Cagayan de Oro City, yesterday. Mohammad is believed to be the cousin of the founders of the Maute Group and is alleged to be the group’s bomb expert. photo by gerry lee gorit

STATE OF THE CITY ADDRESS:

Moreno highlights massive investments, vows readiness for renewed challenges By MARK FRANCISCO, Staff Writer

NOBODY CAME TO WEEP. Cemetery workers place the last of the 11 coffins containing the bodies of still unidentified victims in the Marawi City siege in their final resting place at the cemetery in Barangay Dalipuga, Iligan City. The interment was attended mainly by local government employees and the media. MindaNews photo by Bobby Timonera

Cag. de Oro developer takes green experience in Batangas “WE are excited to commence the Miramonti d e v e l o p m e nt i n S a nt o Tomas, Batangas before end of 2017,” exclaimed Architect Romolo Nati, It a lpi n a s D e ve l opm e nt Corporation’s Chairman and CEO, in his excitement for the company’s f irst

development in Luzon. Focused on emerging cities, IDC brings to Santo Tomas, Batangas its awardw i n n i ng an d g l o b a l l y cer t if ie d exp er ience in d e v e l opm e nt s t h at are both responsive to the local climate and responsive to the call of the environment.

IDC planned to launch the first phase of the project with an estimated 800 million investment on September 2017. According to Nat i, Miramonti will feature 324 residential, 5 commercial, and 96 parking units in developer/PAGE 11

MAYOR Oscar Moreno yesterday admitted that his administration is more than ready to take up pressing challenges ahead as he embarks on another year of his second term.

During his annual State of the City Report delivered in time of the city’s Charter Day celebration yesterday at K i o s k o K a g aw a s a n , Moreno said that confluence moreno/PAGE 11

Italpinas Development Corporation’s (IDC) Romolo Nati, Chairman and Chief and Executive Officer, Jojo Leviste, President, and executives during the site visit in Santo Tomas, Batangas in preparation for the Miramonti project’s launch.

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Economy Iligan bizmen support ML amid dip in sales Trade dep’t imparts business strategies to MSMEs in MisOcc ILIGAN City -- The Marawi siege, which led to the declaration of Martial Law (ML) in Mindanao, has taken toll on the business sector here, prompting the Chamber of Commerce and Industr y Foundation of Iligan, Inc. (CCIFII) to seek a security briefing with the Philippine National Police (PNP), the Armed Forces of the Philippines (AFP) and the city leadership. CCIFII President Reggie Punongbayan said business activities in the city had slowed down due to the implementation of curfew hours after the Martial Law declaration, forcing the establishments, banks, restaurants and stores to close early. “City tours,

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conferences and seminars w e r e a l s o c a n c e l e d ,” Punongbayan added. D espite t he drop i n sales encountered by most establishments in the city, P/SSupt. Leony Roy Ga, city police director, insisted that the curfew hours could not be lifted due to some security concerns. “ The safety of the people is our number one priority,” Ga explained. Meanwhile, Punongbayan expressed her full support to the declaration of Martial Law and the implementation of curfew hours in the city, saying “these measures are for the safety of the business sector and the people of Iligan.” support/PAGE 11

Z A M I Z City -- The Department of Trade and Industry (DTI) in partnership with G o Negosyo’s Philippine Center for Entrepreneurship held another “Mentor Me Program” in Ozamiz City 8 June 2017. Business law expert, lawyer Dan Kirby S. Jomilla said business knowledge imparted to mentees would help boost growth of their

respective businesses, from preparation of business agreements and protecting your investment and goals to guidance on the dayto-day operation. The session allowed business law experts to provide straightforward strategies to set businesses for future success. Jomilla stressed that ultimately, the goal is to build and run a successful business. He told Micro, Small and

Medium Enterprises (MSMEs) that “our goal is to help you set up a strong and reliable foundation allowing you to focus on what you do best.” “Fear stops someone from being an entrepreneur. That’s why it is important to rationalize to fight your fear. The steps on rationalization are acknowledging your fear, understanding it, strategizing, internalizing, and

creating an action plan,” Jomilla explained. This program is part of Project Kapatid, an initiative of the DTI, which includes business-mentoring sessions for proprietors and representatives of micro, small and medium enterprises. It is intended to broaden the business knowledge of entrepreneurs in their respective fields. (Shaine Mae R. Nagtalon/ PIAMisOcc)

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Independence Day celeb in Camiguin. With the theme, “Pambansang Pagbabago Sama-samang Balikatin,” the local government unit of Catarman together with the Department of Education and other national line agencies celebrate the 119th Philippine Independence Day at Catarman Municipal Hall on June 12. The event also showcased the Filipino dances as performed by the students in the municipality.(RTPaculba)

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

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How to be a good fighter! Think a minute…A few ye ars ago Mi ke Ty s on fought Evander Holyfied for the world heavyweight championship title. During the fight, Tyson got so angry he actually bit off a part of Holyfield’s ear! Most of us know that it takes a much stronger man to control his own anger than to let it control him. Many homes are not happy because the husband and wife haven’t learned to control their anger and fight by the rules. Of course, I don’t mean fist fighting, but rather arguing with words. There are 5 simple guidelines for fighting that would make a big difference in many marriages and homes. The 1st one is smart timing. If you are still angry, then it’s usually better to wait until both of you are in a better mood. “Take time out before you take it out on each other!” As one lady who‘d been married over 35 years said: “I’ve learned never to tell my husband bad news on an empty stomach!” The 2nd guideline is to allow the other person the right to say, “I’m angry.” Let them tell you how they feel. If we don’t let others express their anger in a healthy way, then it will continue to build

THINK

A Minute

1982, I visited Davao City for the first time in my life. I learned about the awesome project of a bridge from Davao City to Samal Island. I can’t see this bridge till today. We are all bridge builders during our whole life. I am not talking about the raised platform on a ship or a bridge mounting for false teeth or, as in the bony part of the nose. I am talking about spiritual bridges establishing connections between us and other people - or, between God and us. Anot her element ar y example is the “birthday bridge” or the turn to the year, that takes us rom the old into a new period of life. A very important bridge in life takes people to me and me to people. It matters not

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Bridges

if our skin is black or white, if we are rich or or poor, man or woman, being sad or happy. So obvious our daily life is that we might even forget simple things easily. Selfesteem, respect and freedom rom anxiety are the necessary and conclusive foundations for this kind of bridge. Small but important bridges every daily - how easily are they to be built: gestures of love like a medicine; a handshake together with commendation and praise, encouraging words, a warm smile, instead of a superficial “How are you?” and the expected “Fine” or “OKAY LANG!”. Allow me to say it clearly and direct to the point: Separations result from crumbled or fit for demolition bridges. Destroyed spiritual bridges can be found

at any corner. Look into your neighbourhood or, don’t drive away and repress this topic in your family. Insignificant trifling matters, minor arguing, misinterpretations, results in silence - and after the destroyed bridge follows an in invincible wall not only between estates but also in the hearts and minds of stubborn human beings. I was born and grew up together with my parents in a parish house. Up tp the time of my active performances among many other things - I did learn this: “Build your own bridge to God and never doubt in Him. Always remember His promise. When a rainbow appears, it confirms His proximity and neighbourhood and His faith. God’s unique bridge, a rainbow, is always there

H ave M y Say

Klaus Doring

and durable, long lasting and solid. The main bridge, which afford passage to God, is the institution “church”. +++ Email: doringklaus@gmail. com or follow me in Facebook, LinkeDin or Twitter or visit www.germanexpatinthephilippines.blogspot.com or www. klausdoringsclassicalmusic. blogspot.com .

Rebellion is written all over the Marawi siege LIFE’S INSPIRATIONS: “… Do not be afraid of what you are about to suffer. I tell you, the devil will put some of you in prison to test you, and you will suffer persecution for ten days. Be faithful, even to the point of death, and I will give you life as your victor’s crown…” (Revelation 2:10, the Holy Bible). -ooo REBELLION IS WRITTEN ALL OVER THE MARAWI CITY SIEGE: Is there---or is there no---actual rebellion in the on-going Marawi City siege? That was a highly legitimate question that Supreme Court Associate Justice Antonio Carpio raised during the first day of the scheduled three-day oral arguments on petitions questioning the factual basis of President Duterte’s declaration of martial law in Mindanao. Now, how do we answer that kind of a question? By looking into the facts that prompted President Duterte to declare martial law in Mindanao and to suspend

the privilege of the writ of habeas corpus in the region, of course. What are the facts? From available records and accounts, here are the facts: Marawi City was overrun by Filipino and foreign terrorists who have earlier pledged their loyalty and allegiance to the terror organization that is called the ISIS, or the Islamic State of Iraq and Syria. They bombed and killed, and burned edifices, as they blitzkriegged their way into the city, using imported and therefore highly sophisticated firearms, and then hoisted the ISIS flag to claim Marawi City for ISIS. They then set prisoners free from the city jail, destroyed a Catholic church and razed it to the ground, seizing and holding as hostages the parish priest and some parishioners of the church up to now. -ooo WHAT IS ISIS AND WHY IS IT TRYING TO CONTROL MINDANAO? What is ISIS and why is it attempting to take control of Marawi City

and of Mindanao? Available records, from the government and from media, will show that ISIS was formed in 2014 after some members of the Al Qaeda terrorist group in Iraq broke away from Al Qaeda, moved to Syria, and then formed ISIS. Abu Bakr al-Baghdadi is recognized as the present head, or caliph, of ISIS. Under his leadership, the Islamic State or Khalifa in Syria and Iraq was established. Becoming a member of the Khalifa or caliphate would require a mujahideen, or a Muslim who claim to be a warrior for the faith, to pledge his allegiance to the caliph, al-Baghdadi. On account of this pledge of allegiance, the mujahideen subjects himself to the control and authority of the caliph. The avowed objective of ISIS is to impose its rule worldwide. It does this by capturing and then running territories. The territories are organized into a caliphate, which is in turn divided into different wilayat, or different

K akampi

Mo A ng Batas

Atty. Batas Mauricio provinces led by a wali, who is assisted by officers of his own choice to run the wali. He is also funded by ISIS to allow the wilayah to operate. There will be more of this next issue, God willing. -ooo WATCH “ANG TANGING DAAN” AT FACEBOOK: Please watch “Ang Tanging Daan”, a Bible exposition and prayer session for everyone, in English and Filipino, at w w w. f a c e b o ok . c om / angtangingdaan. Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

What satisfies our true hunger Jhan Tiafau Hurst up until we finally blow up! Then we can deeply hurt each other with the angry, even hateful, things we say and do. Remember, our feelings are not right or wrong, but they’re still real; so we need to allow each other the freedom to say how we feel. Number 3: Know exactly why you’re angry. Sometimes the thing that started us feeling so angry was only a small even silly thing. But behind it is the real problem which we need to talk about it. The 4th guideline to fighting in marriage is to realize that your anger is the enemy, not your wife or husband. So stay on the same side and fight together against the anger that’s hurting your family. hurst/PAGE 11

It’s God, of course. No one and nothing else can satisfy our true hunger and thirst. Our problem is that we do not even know what our real hunger and thirst are. We tend to base our idea of hunger and thirst on the merely biological, physical or material. Or at best, we equate it with the many curiosities we have regarding the many worldly and temporal things that catch our attention and fuel our interest. The big challenge we have today is precisely to know what our real hunger should be. And knowing that, to develop or stir that hunger, because it is a hunger that does not come automatically, nor does it come out loud and clear through our merely bodily and social processes. Yes, we will always have some inkling of it, since in the end we have been created or designed for that kind of hunger. Our Catechism teaches

us so: “The desire for God is written in the human heart, because man is created by God and for God; and God never ceases to draw man to himself. Only in God will he find the truth and happiness he never stops searching for.” (CCC 27) But with our human condition that is wounded by sin, it is a hunger that is often muted or drowned out by the many other forms of hunger which, though legitimate, do not lead us to the proper and eternal satisfaction. We have to be wary of the many factors that tend to deaden our appetite for God by replacing it with merely earthly appetites. We all know that the in ordinate fascination for worldly pleasures, be it in food and drinks, sex, sports, entertainment, etc., can easily dominate us. Thus, we need to be properly guarded. That’s why Christ told us

that if we want to follow him, we need to deny ourselves and carry the cross. It’s not that we have no right to have these earthly pleasures. We can have them as long as they are legitimately and morally resorted to, that is, they begin and end with God, giving glory to him, our Father and Creator, which is what we are all supposed to be doing all the time. We should give priority to our need to exercise always our spiritual duties of praying and making sacrifices, because only in his way would we manage to feel this yearning for God. We have to learn how to be cautious and circumspect even as we immerse ourselves in the very dynamic and intoxicating world of our work and other worldly concerns. What also would be most helpful is to connect our earthly forms of hunger and thirst with our ultimate yearning and desire for God. This can always be

HINTS

and

Traces

Fr. Roy Cimagala done if we would just put our mind and heart to it. That way, the temporal satisfaction of these temporal forms of hunger would not detract but would rather reinforce the eternal satisfaction of our real hunger. We would put into practice what the Book of Revelation already fore told: “Never again will they hunger. Never again will they thirst.” (7,16) roycimagala@gmail.com.

LifeStyle 5 XU Soundtable: Soaring high in 2017 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 â€˘ 0947-8935776

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Story by MARK FRANCISCO | Photo Supplied

XU Soundtable is the umbrella organization of all rock-inclined bands in Xavier University. It has been in existence since 1998. I decided to interview their current president Jasper Edgar Olarte on their plans for the upcoming school year. The following is the interview: Q: Can you tell me when Soundtable started? A: . Soundtable was founded in 1998, started out by students inside Xavier University. It was an official org in XU for music aficionados. Q: When did you become president of Soundtable? A: The election awsa held March of this year and I was elected as President for sy. 2017 â€“ 2018 Q: When you inherited Soundtable, how many bands were existing? Of course, some band members have already graduated. Will these bands sort of become advisers to the lower class? A: There are 5 bands as of now. All of the alumni have there own careers respectively. Most of

their work is not related to music at all. But their passion for music is still their. They are still part the the org, setting as advisers for new and present student members. Q: Right now as we begin the school year, how many rock bands are there in XU? A: There are a number of bands within XU. Some of them are member of CIM. To some up with our own, there would be about 10 or more, excluding those lingering bands of other XU students. Q: Given that there are already lots of genres that students are interested nowadays, how relevant is still the rock and alternative scene in CDO? A: In this generation where EDM and Pop music is the fad, we have questions in mind(ako tingale hehe). Is good music still relevant? New rhythm that is not repetitive and redundant? The ones with essence? lyrics to ponder for there is a message hidden between the lines? Good music comes in all forms and not just rock alone. CDO is the center of

music culture here in NorthMin. Indie Bands from different cities and municipalities within the region share their music in the hopes of giving listeners another option to dig into. Wala lang gyuy dagko nga pagtagad kay most of the organizers and promoters are into things more attractive to the people, hence profit. Gamay ra ang outlet sa mga bands diri sa cdo, but the scene is slowly emerging with the help of those organizations who promote local music. Q: For instance in XU alone, if naa mo gig, pila kaha kabuok ang nasa audience na audience lng jd....dli akip sa banda na next motukar? A: Events within XU especially Xavier Days, soundtable would cater hundreds of audiences. Given the norm that everyday of the festival, present ang Soundtable and is performing morning till evening together with own members and invited guests. Daghan pud events spearheaded by alumni outside sa XU, inviting bands from manila to our own city.

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And daghan gyud mga gaadto. Q: How do you attract the students to still embrace rock? In your personal feeling, why do you love alternative music? Can you convince us the readers na mas tsada sya kay sa ubang genre? A: . We grew up looking up to those bands who gave us songs we could enjoy and relate to. Thatâ€™s one way to attract students to join the org. They are given the opportunity to play on stage. But before that, the org equips them with the things they need to deliver a good show: Music Theory, Proper Stage Etiquette, The Right Attitude. I loved

my own genre because I was able to relate to most of the music affiliated to it. Lahi man tag kina iya so varied gyud atong influences bahinsa music. Daghan kaayo tsada nga music and dle ra ga center sa rock. Sa event palang daan last sat there were a number of genres: mainstream pop, punk rock, alternative rock, nu metal, reggae metal, deathcore to name a few. What we would like to encourage readers is to find the music succulent to their taste. It just happened that Soundtable is much more inclined to heavier stuff . Q: Sa composition, how do you inspire the Soundtable members na mas tsada jd ang original

composition? Any tips both in music and in lyrics...unsay mas tsada na i-compose A: We invite alumni and other known names in cdo to share their stories about their ventures in music to our members. The current members also have a thing or two to share unto them. There are are lot of local material we let them listen to, to lit up their urge to create their own music. It is up to them to create their own tone, something they could deem their own and nobody else. Tip lang is dili mag dali, every good piece of art takes time to perfect. Music is art as well. Learn the right dynamics to create one.

Veterans Bank once again a gov’t depository bank THE Philippine Veterans Bank (PVB) will soon serve again as a government depository bank after it received a memorandum from the Department of Finance restoring its right to do business with the government. “PVB is the only private commercial bank that is allowed to take in deposit from the government and other government financial corporations,” said PVB President and Chief Operating Officer Nonilo Cruz Friday during the inauguration of the rehabilitated PVB Pampanga branch situated at the commercial district of Barangay Dolores in this city. “I have seen the bank encounter difficulties in the last four years, Cruz said with the new memorandum issued by Department of Finance returning to PVB our right to take in government funds for deposit, we can now focus

on leading the bank to bring more services. “With the support of Sec. [Carlos] Dominguez, we can now concentrate on other services to make sure that we can deliver our best,” said Cruz. Cruz said PVB is planning to expand its financial services and assistance to the military veterans, including the AFP retirees, such as pension loans, launched in 2015, assistance for Small Medium Enterprises and micro financing to assist local business in the area. “Today, PVB is not only extending its services to the veterans of World War 2, we now offer financial assistance through pension loans to retirees of the entire AFP,” Cruz said, adding that the services for the WW2 veterans will also be offered to the AFP retirees. Cruz said negotiations for the inclusion of the veterans/PAGE 11

Banking&Finance

HE Bangko Sentral ng Pilipinas (BSP) has terminated the sunset provision for thrift banks, rural and cooperative banks and will maintain only one rediscounting window after establishing that these banks have no need for it. In a statement yesterday, the BSP said: “The Monetary Board noted that based on the statistical data of thrift banks, rural and cooperative banks, these banks are no longer dependent on BSP funds, warranting the shortening of the sunset period.” In 2013, the BSP amended its peso rediscounting facility and created two windows to encourage the big banks to access their temporary funding requirement from the market rather than from the BSP. Thus, the universal

and commercial banks have Rediscounting Window I (RWI), and thrift banks, rural and cooperative banks have Rediscounting Window II (RWII). For the past two years, however, the rediscounting loans have decreased and in the first months of 2017, have had no availments. The BSP created two RWs and gave thrift banks a sunset period of five years or until November 15, 2018 while the smaller banks have 10 years or until 2023 to access RW II at existing terms. “These banks were expected to use the transition period to improve their deposit mobilization capacities and increase the utilization of other funding sources, thus reducing their dependence on BSP funding over time,” said the BSP.

By Jose L. Ambonglay School Principal I Hinaplanan NHS, Hinaplanan, Claveria, Misamis Oriental

is in accordance with the rules of Commission on Audit (COA) and other applicable laws. Downloaded MOOE, however, is not sufficient. I am not referring to the amount but to other fund by which procurement of equipment is allowed by law. Schools also need a downloaded fund for Capital Outlay. This calls for amendment or revision to existing laws and rules i n ap p ro p r i at i n g a n d downloading of funds for public schools. Digital light processor ( D L P ) p r o j e c t o r, f o r example, which usually costs above P18,000 is not allowed to be procured using downloaded MOOE fund in accordance with the existing auditing rules. What are allowed are manila papers and cartolinas. However, we know that the effectiveness

thu-fri|june 15-16, 2017

BSP terminates ‘sunset’ provision for smaller banks

Capital Outlay for Public Schools If barangays have Internal Revenue Allotment (IRA), public schools have funds f o r Ma i nt e n a n c e a n d Other Operating Expenses (MOOE). Although IRA and schools’ MOOE are not exactly the same, but in a particular aspect, they are similar: both IRA and school’s downloaded MOOE are indicators of fiscal autonomy of an institution. In DepEd, secondary schools are no longer totally dependent on the division office when it comes to purchases of s u p p l i e s , p ay m e nt o f utility bills and services. Schools can decide what, when and how to purchase supplies, pay utility bills and reimburse travelling or training expenses as long as these are in the approved Annual Procurement Plan (APP) and the means of payment or procurement

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of a DLP projector as an instructional equipment is b e yond compare to what hundreds of manila papers and cartolinas can do. Encoding in laptops and projecting it through DLP projector is far better than writing in manila papers and posting them on the board. Besides, videos cannot be viewed on cartolinas and manila papers. Of course, in some other cases, manila papers and cartolinas have advantages, depending on classroom activities and the availability of electric power. But this will not outweigh the importance of DLP projector in classroom instruction. DLP projector is just an example of very useful equipment that cannot be charged against downloaded MO OE . S c h o ol s n e e d more DLP proj e c tors, computers, photocopiers,

welding machines and other machineries and equipment. Capital Outlay fund will answer these needs. While we can request financial a s s i s t an c e f rom P TA , LGU, NGOs and private institutions but we should learn that to be dependent on others should have limitations. It is fulfilling to stand straight by our own feet if we can than leaning on other’s shoulder more often. The existing policies on appropriating funds for public schools need to be reviewed and amended. One of the most important amendments should include appropriating and downloading of funds for Capital Outlay. If additional amount is hard to source out, some amount in the MOOE could be realigned to Capital Outlay through legislation.

However, the central bank assessed that based on the low to nil demand in the facility, they are terminating the sunset provision. “This was validated by the results of a conducted survey of rediscounting banks and through consultative meetings with banking

groups,” the BSP added. The BSP said it has decided to unify the rediscounting window for all types of banks. “Following the termination of the sunset provision, all banks shall access a unified rediscounting window which shall adopt the terms under RWI.”

BIR misses collection target in May THE Bureau of Internal Revenue (BIR) missed its collection goal last month by double-digits owing to the weak performance of its Large Taxpayers Service (LTS). Based on a BIR document obtained by reporters, the government’s main tax agency has collected P157.36 billion last May, lower by 10 percent compared with the P175.1billion target for the month. T h e B I R , h o w e v e r, reported that the agency’s collections grew by 3.4

percent year-on-year from P152.13 billion. Revenue take of the LTS, accounting for at least 62.44 percent of the BIR’s tax collection, was short of the P119.32- billion target in May by 12 percent to P104.29 billion. The LTS monitors and analyzes payments of large taxpayers with a net worth of at least P300 million and pay an annual income tax and withholding tax of at least P1 million. The unit also covers bir/PAGE 10

7-day TDF oversubscribed THE seven-day term deposit facility (TDF) was oversubscribed while bids for 28-day facility fell short from its offered value on Wednesday’s auction, the Bangko Sentral ng Pilipinas (BSP) reported. The short-tenor TDF offered at Php40 billion fetched bids amounting to Php64.74 billion. Weighted average accepted yield for the seven-day TDF

was at 3.0648 percent. “The auction results show banks’ continued preference to stay at the shorter end of the curve in anticipation of the Fed meeting this week, with the over subscription of the seven-day term deposits,” BSP Governor Amando Tetangco Jr. told reporters in a text message. On the other hand, the 28day TDF was undersubscribed tdf/PAGE 11

GOLDEN ICON PAWNSHOP Benerandita L. Abrasaldo Main branch: Hayes- Osmena Street, Cagayan de Oro City Tel No: 72-99-73 Puerto Branch: Puerto Cagayan de Oro City Tel No: 74-26-75 NOTICE OF AUCTION SALE Starting June 27, 2017, 8:30 in the morning up to 5:30 in the afternoon, this establishment will hold a public auction of all overdue pledges from February 1, 2017 to April 30, 2017. Sa Hunyo 27, 2017, sa alas 8:30 sa buntag hangtud sa alas 5:30 sa hapon, ang tanang butang na prenda nga wala malukat sa bulan sa Pebrero 1, 2017 hangtud sa Abril 30, 2017 maapil sa subasta. Gi awhag ang tanan butang sa pagsusi sa ilang resibo. BWM: June 16, 2017

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Cebu Pacific adds flights to key domestic routes C EBU PACIFIC is increasing capacity i n k e y d om e sti c routes, as the budget carrier says it continues to see robust demand for flights from Manila to cities in the Visayas and Northern Mindanao. In a statement on Tuesday, Cebu Pacific said it is hiking the frequency of some flights from Manila to Iloilo, Bacolod and Cagayan de Oro by July 4. An additional 10 flights will be mounted between

CorporateWorld

Manila and Iloilo, bringing the weekly total to 65. Six flights will be added for the Manila-Bacolod route, resulting in 54 weekly flights. “The additional flights to and from Iloilo and Bacolod would bring CEB capacity over 5,700 seats,” the airline said. In Mi n d an a o, C e bu Pacific is mounting eight additional weekly flights between Manila and Cagayan de Oro, bringing the total to 63. This would translate to over 2,800 more seats for

flights between Manila and Northern Mindanao. At the same time, the G okong we i - l e d c ar r i e r said it will begin using the 180-seater Airbus A320 for flights from Manila to Cauayan, Legazpi and Virac, and vice versa, starting July 4. Cebu Pacific said switching to A320 aircraft wou ld add 130% more capacity or around 102 additional seats, on these routes, which previously utilized 78-seater ATR 72-

600 planes. The ATR aircraft will then be used for Cebgo’s five new inter-island routes namely : C ebu-Masbate; Cagayan de Oro-Zamboanga; Davao-Dumaguete; DavaoTacloban; and CotabatoZamboanga. The new routes are set to start operations late next month. Last week, the budget carrier said it is shifting to the Airbus A330, which seats 436, for its Cebu, Davao and Hong Kong routes by July 4.

When you’re in Davao City, Read:

HOTELS & RESORTS DIRECTORIES

VILLA MARGARITA HOTEL J. P Laurel Avenue, Bajada, Davao City, Philippines Tel. No.: (082) 221-5674 / Fax No. (082) 226-2968 MICROTEL By Wyndham Davao Damosa Gateway Complex Angliongto Rd., Lanang Davao City 8000, Philippines Tel +63 82 233 2333 / Mobile +63 917 795 3548 www.microtelphilippines.com PINNACLE HOTEL Sta. Ana Avenue, Davao City. No. (082) 300-5885 Telefax: 300-1881/ 221-3025 Website: www.thepinnaclehotel.com ALU HOTEL M. Roxas Avenue corner Padre Faura Street, Davao City. Tel No (63 82) 221-5232 / Mobile (O943) 652 3927 Email: aluhoteldavao@yahoo.com info@alu-hotel.com / www.alu-hotel.com

PLDT eyes outsourcing of IT operations to IBM PLDT Inc. is looking at the possibility of outsourcing its back office information technology (IT) operations to multinational firm Int e r n at i on a l Bu s i n e s s Machines Corp. PLDT expects to save at least Php 7 billion from out s o u rc i n g w it h I B M within the next five years. PLDT Chairman and CEO Manuel V. Pangilinan said the company was seeking to sign a memorandum of agreement with IBM by the end of June this year.

Around 1,000 employees may b e af fected by the outsourcing move of the telco firm. “Just IT. And not all of the IT people will move to IBM. Some will be retained. We have to retain the socalled brains of t he IT organization,” Pangilinan said in an interview with reporters on the sidelines of PLDT’s annual stockholders meeting Tuesday in Makati City. “The cost reduction will be substantial in manpower, processes and applications

will be less expensive for us,” he added. PLDT will also reduce unnecessary expenses such as travels and attendance to seminars and symposia abroad, freeze on salary increases, etc. to cut on its operating costs. “Everybody is pitching i n te r ms of helpi ng to reduce opex (operating expenses),” according to Pangilinan. He also said that PLDT was eyeing to sell its remaining stake in Beacon Electric Assets Holdings

Inc. within the year. PLDT owns a 25 percent stake in Beacon after selling 25 percent to Metro Pacific Investment Corp. (MPIC). Beacon, in turn, owns 35 percent of Meralco. PLDT’s net income in 2016 reached P27.9 billion, declining by 21 percent from P35.2 billion in 2015. Its revenues likewise fell to P165.26 billion in 2016, from P171.10 billion in 2015. Its expenses jumped to P140.56 billion in 2016, from P139.27 billion in 2015. (PNA)

GRAND REGAL Km 7 Lanang, Davao City, Philippines Tel. 235-0888 / Fax 235-2335 email: grandregalhotelegmail.com VIAJEROS ECONOMY HOTEL Patnubay St., Sandawa, Matina, D.C Tel. No. 297-5710 / Telefax (6382) 298-5134 Mobile: 0922.-8268425 Website: www.viajeroseconomyinn.com ROYAL MANDAYA HOTEL J.Palma Gil St., Davao City 8000 Phils. Tel. No. (082) 225-8888 / fax No. (082) 225-1885 info@theroyalrmandayahotel.com www.theroyalmandayahotel.com HOMITORI Bangoy Street corner Santa Ana Avenue, Davao City Tel. No. (082) 295-2969 & 295-2471 / Mobile: (0922) 8994646 Email: homitoridvo@gmail.com or Like us on www.facebook.com/pages/Homitori-Davao

Manufacturing output up 5.7% in April THE country’s manufacturing output grew at a slower pace in terms of value and volume in April 2017, the Philippine Statistics Authority (PSA) said. The PSA, a National Economic and Development Authority (NEDA)-attached agency, reported that factory output, as measured by the Volume of Production Index (VoPI), surged by 5.9 percent in April 2017, slower than the 12.8 percent in the previous month and the 10.1 percent in April 2016. Value of Production Index

(VaPI) also surged by 3.7 percent, lower than the 12.1 percent in the previous month and the 6.1 percent in April 2016. The NEDA expects the country’s manufacturing output to remain positive despite its slower growth in terms of value and volume in April 2017. “Despite the slowdown at the onset of the second quarter, manufacturing output is expected to sustain its growth following anticipated increases in demand during the harvest season and the enrolment period in schools,” said Socioeconomic

Planning Secretary Ernesto Pernia in a statement. Thegrowthinmanufacturing output in April was attributed to the sustained production of petroleum products, transport equipment, and basic metals posting double-digit increases. In particular, petroleum products posted a 51.7-percent increase in production due to higher demand for gasoline from Vietnam, Japan, Saudi Arabia, Malaysia and Indonesia. “The demand for diesel is expected to increase as governments in the Middle

East stock up for the Ramadan season,” Pernia said. Also, the double-digit growth in the production of basic metals at 28.5 percent drove the sustained growth in construction-related manufactures. “The government’s ‘Build Build Build’ infrastructure program is anticipated to further increase construction activities in the country which will provide additional boost to the manufacturing sector,” the NEDA chief added. (Leslie D. Venzon/PNA)

CDO boxer clips gold in Kazakhstan By MARK FRANCISCO

MAYOR Oscar Moreno seemed to be avenged of his suspension last year when one of his adopted boxing students won gold in the prestigious President’s Cup in Kazakhstan last June 10. Baby-faced Carlo Paalam, 19 years old, was able to withstand the barrage of Kazakh Askhat Zhusupov in the lightweight flyweight class, emerging as winner via points system after the last round. In being so, Paalam was the only foreign fighter to win gold in the President’s Cup this year. Zhusupov was a hard puncher but Paalam was the taller one, able to duck and parry blows through a

combination of footwork, speed and good distance. Now under the fold of the Amateur Boxing Association of the Philippines (ABAP), Paalam of barangay Carmen in Cagayan de Oro City started boxing at nine years old under Moreno’s sports program at the Capitol when the latter was still governor of Misamis Oriental in 2005. Paalam then was nine years old. When Moreno left his gubernatorial post in 2013, his successor Gov. Yevgeny Vincente Emano dismantled the sports program and Moreno was forced to house the boxers in Cagayan de Oro City in his new capacity as boxer/PAGE 10

BIG APPLE HOTEL Brgy. Angliongto, Lanang, D.C. Hotline Nos.: (082) 234-8459 Facebook account: bigapplehotel@ymail.com Email: bigapple_hotel@ymail.com

THE PERIDOT SUITES Carmelite Drive, Lanang, Davao City Tel. no.: (082) 305-6530 / Fax no.: (082) 305-38I2 Email: theperidotsuiles@gmail.com AZIENDA MEO APARTELLE 11 Corner Pioneer and Doña Vicenta Village, Phase 1, Davao City Telefax. No: (082) 227-4119 & 284-6689 Cell Phone No. 09256652626 Website: www.aziendameo.com Email Add: aziendameo@yahoo.com.ph Big 8 Corporate Hotel Visayan Village, National Highway, Tagum City Mobile nos. 09173029063 & 09328539372 Tel. No.: (084)216-0888 Email: info@big8corporatehotel.com www.facebook.com/big8corporatehotel.com www.big8corporatehotel.com HOTEL ELENA Avenida Santos Ave., Nova Tierra Vill, Lanang, D.C Tel. Nos. (082) 233-1941 & 305.8799 / fax No. (082) 233-1887 PARADISE ISLAND Tel. No. (082) 233-0251 & 300-2343 / CP No.: 09209546780 E-mail: paradiseislanddavao@gmail.com MARCO POLO DAVAO C.M Recto St., Davao City davao@marcopolohotels.com www.marcopolohotels.com (63 82) 221-0888 HOTEL ESSE Brgy. 9-A F Torres Street, Davao City Hotline: No: 227-37-73 / Fax: 295-34-85 Website: www.hotelessedavao.com.ph Email Add: hotel_esse_davao@yahoo.com RUEMANGO APARTELLE & SUITES 516 Mangga St., Juna Subd., Matina, Davao City ruemangoapartelleandsuites@gmail.com www.ruemango.com Tel. Nos.: (082) 295-7175/ 295-7180

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Summit Ridge Tagaytay Lobby

Summit Ridge Tagaytay Pool

Weekend Summer Staycation:

Everyday’s a Weekend at Summit Ridge Tagaytay

orty years after I first came to Tagaytay as a fresh graduate taking a break from his training in Escolta, Manila, for his first job, I was back last May 29 and I was happy to discover the everyday’s-a-weekend vibe of the change hasn’t changed much.

Of course much can happen in four decades and indeed at the ridge where my friend’s house used to stand is now chock full of restaurants, inns, roadside stands selling the ubiquitous pineapple, furniture and woodworking shops and here and there high rise buildings are beginning to dot the landscape. Best of all for me, the laid back ambience of the city remains, although perhaps it’s not advisable to come down here on a weekend when I’m told most of the people from Metro Manila who are nearer to it come down in droves to enjoy the balmy climate and small town charm of Tagaytay, its attractions and its people. I was lucky to be invited as part of the Media Visit arranged by the Summit Hotels and Resorts Squad last May 28-30, 2017 led by Robinsons Hotels and Resorts Marketing Manager Lisette Arena and her assistant Micah Regudo. The team toured a select group of lifestyle writers and journalists from the Visayas and Mindanao organized by Charles Lim of Selrahco at Summit Hotels Magnolia and Summit Ridge Tagaytay. After spending

Sunday at Summit Hotel Magnolia at New Manila, Quezon City, off we went to our next stop for Summit Ridge Tagaytay. Since it’s quite a long drive from Quezon City, we dropped by Tito Chef Restaurant and All Things Culinary at Sucat, Parañaque City for lunch. Quite an experience meeting Chef Amadeo “Menoy” Gimenez, who treated us to a virtual Chef ’s Table by walking us through an excellent lunch and a lightning tour of his culinary school, P.A.C.E. But that’s another late that

deserves its own story later. After another hour’s drive through the picturesque countryside replete with Tagaytay’s furniture and wood workshops, and the ubiquitous pineapple fields and roadside stands, we finally to Summit Ridge Tagaytay where we got a warm Tagaytay welcome from Hotel Manager Cristy Alcantara, who immediately made us feel at home by talking to us is Bisaya, she hailing from Surigao del Sur. A 108-room property, the Summit Ridge Tagaytay offers stunning views of Taal Lake and Volcano. Guests taking the panoramic elevator are treated to a placid unfolding of the landscape as it soars higher and higher before

The original residence where Bag of Beans started

topping off at the Skye Lounge which could be the best place to take pictures and enjoy the scenery. Strategically located at the top of a ridge, Summit Ridge Tagaytay exudes an everyday’sa-weekend vibe that’s perfect for family or

The group poses with Ka Tunying’s likeness at KTC NAIA Terminal 3 branch

barkada getaways. Eighteen suites feature two bedrooms, a living room, and kitchen area. A spa, infinity pool, an in-house gym, and indoor basketball and badminton courts help guests keep their workout skeds without missing out on the vacay. After a hard workout or a day tour around the city, guests can take their time at The Ridge Spa at the second level. Book on the spot for a quick spa service or a thorough body in-room massage to loosen up those knots and kinks. Situated right next to the Summit Ridge Promenade, guests have a wide variety of dining options, starting with the onsite a la carte restaurant operated by Tito Chef which opens on June 17, 2017) and the dining outlets at the next-door promenade. Summit Ridge Tagaytay also enjoys the distinction of having one of the largest banqueting and State -of-the-

art MICE (Meetings, Incentives, Conventions and Events) facilities in Tagaytay.q After checking in at the eight f loor where most of us spent some time just clicking away at the magnificent view of Taal Volcano and Lake, the team whisked us for a quick and interactive farm tour to Nurture Wellness Village at Pulong Sagingan, Barangay Maitim II West. As our host Maria Irish O. Talay, marketing manager, relates it, besides social and corporate functions, the village also offers accommodations inclusive of therapeutic spa treatments, healthy meals, rejuvenating natural healing and detoxification. Group and corporate packages are also available for team building, corporate wellness and educational tours. In the evening, dinner was hosted by Mr. summer/PAGE 10

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2017 GSIS art tilt winners bared

The Government Service Insurance System (GSIS) announced the winners of its 13th art competition at the awarding rites held at the GSIS Theater on June 2, 2017. Simplicio Morondoz Jr. won first prize in the representational category for his entry Tune of Passion. Benjamin F. Cruz and Ronnel G. Pascua placed second and third for their works Calambanga and Moving Up, respectively. In the nonrepresentational category, William Alvarez Jr. grabbed the top prize for his work My Smoke Painting. Second and third prizes went to Demetrio S. Padua Jr. and Marlon Magbanua for their entries Before the Mona Lisa Became Famous and Immersion, respectively. The top three winners

in representational and nonrepresentational categories received Php300,000, Php200,000, and Php100,000. In the sculpture category, Geofrey P. Ranchez bagged the first prize for his art piece Ranget. Pedro L. Angco Jr. (Phyton Incubator Chair) and Harold B. Gomez (The Plight of Maliputo [Fishes]) garnered second and third prizes. The three winners received Php200,000, Php150,000, and Php100,000, respectively. Five honorable mentions in each category were given Php 30,000 each. Representational category: Eduardo C. Javier (Bakit Ako? Bakit Hindi!); Jonathan L. Joven (So Near Yet So Far); Darby Vincent A. Alcoseba (Memoir); Warren

V. Balane (Migratory Entities: DestinationGreener Pastures); and Edu P. Perreras (Today’s Moments are Tomorrow’s Memories). Nonrepresentational category: Elbert M. Caballero (Bee’s Eye View); Bayani Jamesson I. Galera (Mood Swings); Melander P. Blanza (Extreme); Rick L. Hernandez (Flow); and Lupo Adolfo A. Lasin (Rebirth of a Past). Sculpture category: Jerry O. Buccat (Restoration); Fernando F. Ramos Jr. (#Hotseat No. 3); Joseph D. Espino (Tall Head); John Russel C. Pangilinan (Balat Kayo); and Roman Angelo R. Cruz (Pagtutuwid ng Baluktot na Kasanayan). Judges in the art contest were artists and art critics Representational category: Betsy Westendorp,

Winning artists of the 13th GSIS National Art Competition receive their checks, medals, and plaques of appreciation from SVP Nora Malubay-Saludares, officer-in-charge, Office of the GSIS President and General Manager, and SVP Dionisio C. Ebdane Jr., chairman of the 80th GSIS Anniversary Steering Committee (standing; 18th and 21st from left). Assisting them was Fidel V. Sarmiento, president of the Art Association of the Philippines (standing; eighth from left). The awarding ceremonies were held at the GSIS Theater on June 2.

Antipas Delotavo Jr., Imelda Cajipe-Endaya, Edgar Fernandez, and art enthusiast GSIS SVP Dionisio C. Ebdane Jr.; Nonrepresentational category: Raul Lebajo, Mario de Rivera, June Mercy Dalisay, Luis Yee Jr., and Benjamin Cabangis; and Sculpture: Juan SajidImao, Frederic Caedo, and Gemma Cruz-Araneta, who is a former director of the National Museum. The 2017 GSIS Art Competition, which drew the biggest turnout since its launch in 2004, had an open theme this year to encourage participation by more Filipino artists. Of the total 1,084 entries, 63 were chosen as finalists. The winning entries now form part of the GSIS art collection. This year’s entries are displayed in an art exhibit at the GSIS Museum in Pasay City, which will run until August 1. The annual competition is a joint undertaking of the GSIS and the Art Association of the Philippines (AAP), the umbrella organization of art groups in the country.

EXTR A J UDI C I A L SETTLEMENT OF ESTATE WITH SALE

Notice is hereby given that the intestate estate of the Late CLETO C. SABANAL and ALICIA G. SABANAL, died on April 7, 1997 and on May 26, 1997 respectively, leaving a certain real property known Republic of the Philippines as LOT 3-A-PSD-10-015497, SUPREME COURT situated in Kauswagan, Cagayan REGIONAL TRIAL COURT OF MISAMIS ORIENTAL de Oro City, registered under 10th judicial Region Cagayan de Oro City TRANSFER CERTIFICATE OF TITLE NO. T-63738 of the Register OFFICE OF THE CLERK OF COURT AND EX-OFFICIO SHERIFF Deeds of Cagayan de Oro City, registered in the name of CLETO BINHI RURAL BANK, INC., EJF FILE NO. 2017-210 C. SABANAL; WHEREAS, a portion of aforementioned property with Mortgagee, an area of ONE HUNDRED SIXTY -versus- (!60) SQUARE METERS, more or For: Extra-Judicial Foreclosure Of less, is herein sold to the BUYER; Real Estate Mortgage under Act 3135, As amended by Act 4118 The legal heirs or sole heirs of the SPS. LEONARDO F. QUIDET & deceased CLETO C. SABANAL ROSALITA B. QUIDET and ALICIA G. SABANAL; is the Mortgagor subject of Extra-Judicial settlement X-----------------------------------------------/ of Estate with Sale; is made and entered among; RIZALINA S. NOTICE OF EXTRA JUDICIAL SALE ZALDIVAR, DAISY S. SUYMAN, EJF File No. 2017-210 SUSAN S. GANNABAN, EDWIN S. SABANAL, MARLENE S. LIM, “Upon extrajudicial petition for sale under Act No 3135 as amended by Act No. 4118, filed by BINHI RURAL BANK, INC.,. against SPS. LEONARDO F. QUIDET & ROSALITA B. LOWELA S. ZAMORA, NELLIE S. QUIDET, of Legal age, Married, Filipino citizen, with residence at Barangay Tamboboan, BASNILLO, CLETO L. SABANAL Claveria, Misamis Oriental to satisfy the mortgage indebtedness as of May 4, 2017 amounts to I, CLETO G. SABANAL II, of SIX HUNDRED NINETY FIVE THOUSAND EIGHT HUNDRED SEVEN PESOS (P695,807.00), legal age, Filipino citizen, married excluding incidental expenses and Attorney’s Fees, the undersigned will sell at public auction and a resident of Kauswagan, on AUGUST 7, 2017 at 10:00 A.M. to 4:00 P.M. AT THE REGIONAL TRIAL COURT, City Cagayan de Oro City, herein Tourism Hall, Cagayan de Oro City to the highest bidder, for cash or manager ‘s check and in referred to as the Heir/Vendor; Philippine Currency, the following property described below including all existing improvements ARNEL G. SABANAL, of legal found thereon, to wit: age, Filipino citizen, married and a TRANSFER CERTIFICATE OF TITLE NO. T-42144 resident of Rizal Street, Paknaan, With Tax Declaration No. 0812002307519 Mandaue City, herein referred to as the Heir/Vendor; Further, “A PARCEL OF LAND, with all improvements thereon, (Lot 5, Psd-10-006629 (OLT) being for and in consideration of the a portion of Lot 1583, PLS-805, situated in the Barrio of Tambobo-an, Municipality of Claveria, premises and more specifically Misamis Oriental,Island of Mindanao.,. of the sum of TEN THOUSAND Containing an area of THIRTEEN THOUSAND NINE HUNDRED ELEVEN (13,911) square PESOS (P10,000.00), Phillippine meters, more or less,. All points referred to are indicated on the plan and marked on the Currency, receipt of which in full ground.by OLT cyl. conc. Mons. 15 x 40 cm. Bearing true, date of survey October 12-13, 1950, is hereby acknowledged from the executed by Vicente R. Blanco, Geodetic Engineer and approved on May 17, 1984. NOTE: this survey was executed under authority of PD 27 and in accordance with the existing buyer to the entire satisfaction regifietions of the Bureau of Lands: of the absolute and irrevocable, xxxxxxxxxxxx in favor of the buyer, his heirs, successors, and assigns, the All sealed bids must be submitted to the undersigned on the above stated time and date. above-described portion of the In the event auction sale cannot take place for whatever legal reason, the same will proceed property together with all the on the following working day, without further notice, posting and publication. improvements found therein; Under Prospective buyers may investigate for themselves the title herein-above described and Notary Public of ATTY. JORGE B. encumbrances thereon, if any there be. MAGDAONG, JR., As per Doc. Cagayan de Oro City, June 7, 2017. EFREN G. MACABAYA No. 428; Page No. 88; Book No. Sheriff IV VI; Series of 2017.

BWM: June 16, 23 & 30, 2017

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thu-fri|june 15-16, 2017

Republic of the Philippines Supreme Court 12th Judicial Region, REGIONAL TRIAL COURT Branch 21 Kapatagan, Lanao del Norte IN THE MATTER OF THE APPLICATION FOR ACCREDITATION OF THE MINDANAO DAILY NEWS PUBLISHING CORPORATION SPL. PROC. NO. 21-532 TO PUBLISH JUDICIAL AND LEGAL NOTICES AND OTHER SIMILAR ANNOUNCEMENT. MINDANAO DAILY NEWS PUBLISHING CORPORTION, Applicant. x- - - - - - - - - - - - - - - - - - - - - - - - - - - - -/ ORDER A verified petition on the application for accreditation of the MINDANAO DAILY NEWS PUBLISHING CORPORTION, to publish judicial and legal notices and other similar announcement was filed by its president Dante M. Sudaria on May 10, 2017. The petition alleges, to wit: 1. That the applicant MINDANAO DAILY NEWS PUBLISHING CORPORATION is a Corporation and registered in accordance with the laws of the Republic of the Philippines with the principal place of business at Abellanosa St., Consolacion, Cagayan de Oro City and is represented in this application by its President Mr. Dante M. Sudaria. 2. That the applicant, MINDANAO DAILY NEWS PUBLISHING CORPORATION described as follows: a.1. Title of the publication: MINDANAO DAILY a.2. Name of the President:: DANTE M. SUDARIA a.3. Name of the Editor-in-Chief: ALLAN M. MEDIANTE a.4. Frequency of publication: DAILY a.5. Address: ABELLANOSA ST., CONSOLACION, Cagayan de Oro City, Telefax: (099) 881-0100;856-3344 a.6. Total number of copies printed: 36,000 COPIES DAILY a.7. Month, date, and year of first issue: JULY 17, 2012 3. That MINDANAO DAILY NEWS PUBLISHING CORPORATION is duly registered with the Security and Exchange Commission (SEC) under Certificate No. CS201531735, with the principal place of business at Abellanosa St., Consolation, Cagayan de Oro City. Copy of the Certificate of Regisration is hereto attached as ANNEX “A”, 4. That MINDANAO DAILY is edited and published in Cagayan de Oro City and circulated in the Northern Mindanao; 5. That MINDANAO DAILY has been regularly published for at least one (1) year since the publication of it first issue in JULY 17, 2012; 6. That the MINDANAO DAILY carries commercial display advertising. Attached is a copy of the publication’s current contract form showing its commercial display advertising rates (Annex “B”) 7. That the MINDANAO DAILY does not merely reproduce or reprint news pages of other newspaper or periodicals within the Mindanao Region but also publishes original news items coming from its several bureaus located throughout Northern Mindano; 8. That MINDANAO DAILY is a bonafide member of Misamis Oriental-Cagayan de Oro Association of Publishers (MOCAP), Inc., a legitimate association of newspapers, publishers, and that the said newspaper carries commercial display advertising; 9. That MINDANAO DAILY is also circulated in Misamis Oriental and in all cities and provinces in Northern Mindanao over the Regional Trial Court has jurisdiction; 10. That MINDANAO DAILY is fully qualified to publish legal and judicial notices as provided for under the provision of PD 1079; 11. That the publication rates to be charge on client are in accordance with the rates for Misamis Oriental as per Court Order dated April 17, 2007 in the case of IBP Misamis Oriental – vs- Misamis Oriental-Cagayan de Oro Association of Publishers, (MOCAP), Inc., copy attached as ANNEX “C”; 12. That attached to this applications are the following: a. Three (3) sample copies of the newspaper’s or periodical’sprinted format for legal and judicial notices following the requisites prescribed by Section 4 of P.D. No. 1079: (ANNEX “D”); b. Copies of an issue of the newspaper containing commercial advertisements published in the last twelve (12) months, (52 issues); c. Certified true copy of a contract or insertion order or invoice describing the size and rate of the advertisement; (ANNEX “F”) d. Certified true copy of the newspaper’s official receipt showing payment per contracted advertising rate (ANNEX “G”). Finding the petition sufficient in form and substance, the same is hereby set for summary hearing to August 31, 2017 at 8:30 o’clock in the morning. Let this Order be published in a newspaper of general circulation in the Province of Lanao del Norte for three (3) consecutive weeks at the expense of the petitioner. Any person who has an interest in the petition may file his/her opposition thereto within fifteen (15) days from notice of this petition or from the last day of publication of this order. Further, let this order be posted for fifteen (15) consecutive days prior to the date of hearing on the bulletin board of the Provincial Capitol, Pigcarangan, Tubod, Lanao del Norte, bulletin board of the Municipal Hall of Kapatagan, Lanao del Norte, bulletin board of barangay Consolacion, Abellanosa St., Cagayan de Oro City where the newspaper’s place of business is situated and on the bulletin board of this Court.

SO ORDERED. Kapatagan, Lanao del Norte. May 29, 2017.

BWM: June 2, 9 & 16, 2017

BIR...

from page 6

the top 1,000 corporations in the country. Collections of the LTS were almost unchanged last month, growing by only 0.20 percent compared with P104.08 billion in May last year. Revenue regions also fell short of their targets by six percent to P49.89 billion against P52.98 billion, but the latest figure rose by 11.2 percent compared with the P33.86 billion registered in the same month in 2016. BIR’s non-op erat ion income, likewise, came lowerthan-expected by a hefty 16 percent last May to P3.17 billion against the P3.77billion target. Year-on-year, revenues slightly grew by less than one percent from P3.18 billion. Last week, the interagency Development Budget Coordination Committee (DBCC) estimated that the BIR will likely miss its P1.829trillion collection target this year by 2.6 percent to P1.782 trillion. In the first five months of the year, total revenue collections of the BIR stood at P719.95 billion, below the

P759.29- billion target set for the period by 5.2 percent. Of the total, the LTS contributed P438.12 billion, w h i l e re ve nu e re g i ons generated P266.09 billion and non-BIR operations cornered the remaining P15.73 billion. The three collection segments — LTS, revenue regions, and non-BIR operations — all fell short of their targets by 6.2 percent, 1.4 percent and 28 percent at end-May, respectively. But the BIR reported that the agency’s collection in January to May jumped by nine percent compared with P659.96 billion in the same period last year.

Boxer... from page 7

mayor. Complainants went to the Ombudsman and claimed that renting the premises did not have the authorization of the City Council. The Ombudsman slapped Moreno with a suspension due to the matter last October but it wasn’t enforced because the situation occurred during the mayor’s first term between 2013 and the early part of 2016. City Hall is now planning to host a homecoming for

P.R.A Form No. 10.1 LCRO Republic of the Philippines LOCAL CIVIL REGISTRY OFFICE PROVINCE OF MISAMIS ORIENTAL Cagayan de Oro City NOTICE OF PUBLICATION In compliance with Section 5 of R.A No. 10172 and R.A 9048, a NOTICE is hereby served to the public that JERRY MAE I. LEGARA has filed with this Office a petition for the correction of clerical error in the entry of the child’s date of birth from ‘’JULY 27, 1989’’ to ‘’MAY 27, 1989’’ and the child’s sex from ‘’FEMALE’’ to ‘’MALE’’ in the Certificate of Live Birth of JERRY MAE I. LEGARA who was born on JULY 27, 1989 (as per PSA File) in CAGAYAN DE ORO CITY and whose parents are JUNAS SIDAL LEGARA and MERIAM E. INDAT. Any person adversely affected by said petition may file his written opposition with this Office not later than June 17, 2017.

Paalam similar to what it accorded new Internatinal Boxing Federation (IBF) light flyweight champion Milan Melindo two weeks ago. Melindo is also from Cagayan de Oro. This early, Paalam is already dubbed the little Milan.

Summer... from page 8

V i c t o r T. C r i s o s t o m o , satellite casino manager of PAGCOR Tagaytay though we didn’t get to see t he casino itself. Up early next morning for a wonderfully filling breakfast at the original Bag of Beans, the quintessentia l Brea k fast & Brunch Restaurant at 115 Aguinaldo Highway, Me nd e z c ro s si n g We s t where we were fussed over by Meliton “Mel” Cabrega, operations manager. I bel ie ve t he ga rden setting of this establishment is the inspiration for many others like it around the Philippines although the Tagaytay original breathes a unique, homey ambience unlike similar restaurants I’ve been to. Ta ke c a re when ordering though, the servings are really hefty so unless you plan on bringing the rest on a doggie bag, ask first when ordering if there are other options that allow you to bite and chew. Nice seeing you again Tagaytay. I promise I’ll be back t here soon enough someday. Fo r m o re i nf o, v i s it summithotels.ph. (by The Night Stalker)

BWM: June 9 & 16, 2017

(SGD.)NORMA S. DIPUTADO City Civil Registrar

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

CDO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947

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

CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491

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

CORRALES BRANCH Corrales Ave., Cagayan de Oro City

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

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF Tubod, Lanao del Norte NOTICE OF EXTRA-JUDICIAL SALE EJF No.: 207-07-2017 Upon the Extra Judicial Petition for Sale under Act 3135/1508, as amended. Filed by the 1st Valley Bank Inc., Baroy, Lanao del Norte against LENNETH PEPITO, Tubaran, Tubod, Lanao del Norte to satisfy the indebtedness which as of November 27, 2015 amounting to ONE HUNDRED THOUSAND (Php 100,000.00) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on 18TH day of July, 2017 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Provincial Capitol of Lanao del Norte, Pigcarangan, Tubod, Lanao del Norte, to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements, to wit: LIST OF MORTGAGED PROPERTIES A parcel of RESIDENTIAL LOT known as Lot No. A-2-K Csd-123522-005753, situated in PIGCARANGAN, municipality of Tubod, Lanao del Norte, Island of Mindanao, Philippines. Containing a total area FOUR HUNDRED THIRTEEN (413) SQUARE METERS more or less including all improvements found thereof and particularly bounded as follows: LOT NO. A-2-K, CSD 123522-005753 Bounded on the SW, along line 1-2 by the National Highway; on the NW., along lines 2-3-4 by Lot A-2-C Csd 123522-005753; on the NE, along line 4-5 by Lot A-2-Q and on the SE., along line 5-1 National Highway, Tubod, Public subdivision.

‘’All sealed bids must be submitted to the undersigned on the above stated time and date.

Tubod, Lanao del Norte, Philippines, this 16th day of May, 2017.

For the Clerk of Court and Ex-Officio Sheriff (SGD.) ALBERTO P. QUINTO Acting Presiding Judge

BWM: June 2, 9 & 16, 2017

(SGD.) CONRADO V. HINGCO, JR. Sheriff IV

President Duterte clarifies war is not about religion By Jasper Marie Oblina – Rucat

CAGAYAN DE ORO CITY – President Rodrigo Duterte clarified during his visit to 80 wounded in action soldiers and one wounded police who were brought in at the 4th Infantry Division Camp Evangelista station hospital in Cagayan de Oro City that this war has nothing to do about religion. “I refused to believe that it is religion that fueled this war. It never has been and it is not now,” he said. As the second President in modern history to declare Martial Law, he said he is not proud nor happy about it. But he has to, he said. “I have to call the soldiers in because they were already occupying a definite territory and governance really has collapsed there in Marawi and they were already flying the ISIS flag,” Duterte explained. The problem is with the spillover that is why Martial Law is declared in the entire of Mindanao. He said that enemies can run everywhere and anywhere, and they can always find sanctuary and solace. They can go running towards Lanao del Norte or Basilan and you have to pursue them. Meanwhile, government is already preparing a rehabilitation plan for Marawi City. He said that he would start with constructing houses of the poor. He also promised there will never be cooking of ‘shabu’ in the island of Mindanao. “I have ordered the military and the police to strike hard against the drug people because they are already part of the rebellion and this rebellion was financed by drug money.” During his talk to the wounded soldiers he said that at the end of the crisis if the soldiers come home dead or alive, he would take charge of the education of the soldiers’ children. He said he has already targeted P50 billion for the education of their children, before he steps down as President. He is also confident government will win this war, however, he admitted that sometimes enemy may be ahead first. The enemy has already positioned in the area. “They were already deployed on vantage position.” They were already on high rise buildings while government troops are on the ground that is why there were a lot of casualties on the government side. Even so, he told soldiers to continuefighting.Hereminded them not to worry because he would always support them. Upon awarding the wounded personnel medal to the 81 soldiers, President Rodrigo Duterte said that the soldiers are also going to receive P100,000 each plus P10,000 from PRRD. (JMOR/ PIA10)

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

thu-fri|june 15-16, 2017

WESM... from page 1

of all processes,” such as registration, bid submission, pricing and scheduling and settlement. Energy Undersecretary Felix William Fuentebella noted “we are geared to launch the WESM Mindanao this June,” primarily apprising stakeholders in last week’s seminar in Cagayan de Oro City. The spot market in the southernmost portion of the countr y’s electricity system will complete the loop of an integrated power market – especially when the physical interconnection of the Visayas and Mindanao grids would be accomplished. The WESM has been designed as a gross pool – with preferential dispatch set for renewable energy (RE) capacities; while the rest of the technologies compete based on price offers in the market. The Luzon and Visayas markets are already interconnected, but Mindanao is still physically detached because of socio-economic as well as political concerns. But Fuentebella set the record straight – that based on Energy Secretary Alfonso G. Cusi’s pronouncements, “WESM is not only for Luzon and Visayas but also for Mindanao.” Primarily for Mindanao grid that is now stricken with overcapacity, the main goal is injecting efficiency in the utilization of the megawattcapacities that had not been under written by supply contracts. Cusi repeatedly stated in the past that while the grid is relatively on excess supply, there are end-users still afflicted with power supply interruptions because there is no ‘systematic market’ in which the un-contracted capacities can be channeled in and for such to be procured subsequently by servicing distribution utilities and other off-takers (capacity buyers). The energy undersecretary stressed “the spot market is where the demand and supply of electricity meet so that there will be an increased efficiency in the use of energy.” Fuentebella expounded on the need for “fairness and transparency,” being “the bedrock of the rules to have a level playing field for the energy participants.”

Extension... from page 1

We’re studying that to extend the 60-day period,” Lopez said in a media briefing fol lowing t he Nat iona l Price Coordinating Council (NPCC) meeting Thursday. Lopez, who is also the NPCC chair, noted that the possible extension of price freeze would be the same coverage for the current price freeze implementation, which is the entire Mindanao. “Just for assurance and guarantee that these should be the prevailing prices, no fluctuating variables in terms

of prices, then that’s the only reason why we will probably recommend an extension,” he said. “It will need approval from the President,” he said in Filipino. The official noted that DTI will be looking at the legality of the extension as the 60-day automatic implementation of price freeze is a provision under the declaration of martial law, state of emergency, or state of calamity. “We will also study the legality. If it merits the need for extension once martial law ended,” Lopez said in Filipino. (Kris M. Crismundo/PNA)

Moreno... from page 1

of the growing economic opportunities in the city “have made our efforts doubly challenging.” “Responsiveness and resiliency demand that the people shall live and work in their community secured with the thought that their city government looks after their welfare to leverage their access to sustainable economic opportunities and at the same time access to improved public service in times of economic growth,” he continued. Moreno also emphasized that his 8-point agenda for the development of C a g ay a n d e O r o C i t y created since 2013 remains – poverty alleviation, public order and safety, revenue generation, infrastructure and investments, metropolization, education and environmental protection, housing, health a n d h o s pit a l s e r v i c e s , agricultural productivity, t e a mw o r k , t r a f f i c a n d tourism. For social services, the implementation of the Oro Alagang Pamilya was able to relieve the plight of street families previously lurking at Magsaysay Park in Plaza Divisoria. “Their children were assisted to get back to school while their parents enrolled in skills training. These families now earn their incomes and live in rented homes,” Moreno said before a crowd of City Hall employees, barangay officials and VIP guests which included Misamis Oriental Vice Gov. Jose Mari Pelaez. It was also in the earlier part of this year that the Parental Code of Cagayan de Oro City was passed through constant lobbying of the administration before the City Council. The Code provides guidelines for responsible parenthood and imposes appropriate penal measures for violations. Meanwhile, the JobStart program was initiated in 2016 in collaboration with the Department of Labor and Employment (DOLE). The city government likewise turned over three police vehicles to the Cagayan de Oro City Police Office (Cocpo) and one firetruck to Cagayan de Oro City Fire District. It garnered P2.8 billion in taxes for 2016 in real property taxes, business taxes and

internal revenue allotment (IRA). There were a total of 20,668 registered businesses in the city, 3,292 of which are new. Among the major new investments are SM CDO Downtown Premier, Avida Towers, S&R Membership Shopping, Seven Seas Water Park, Telep erof rmance, Envizion and Azpired. A total of 41 kilometers of road and six schoolbuildings were likewise constructed during the period. During the period, City Hall was also able to ink agreements with the cities of Norfolk (Virginia), Harbin (China), Xiamen (China), Gwangyang (South Korea) and Yokohama (Japan). In 2016, Cagayan de Oro Cit y was awarde d third place in the 2016 International Network for Urban Agriculture Awards, Top 10 Next Wave Cities by the Department of Science and Technology (DOST) and 7TH Most Competitive City in the country.

Developer... from page 1

total. “We are very optimistic of the project. We wish to exceed expectations,” Nati added. Ta l k i n g a b o u t t h e company’s commercially successful projects in Cagayan de Oro, Nati said, “O u r fore i g n i nve stors increased to 11%. They like the fact that they have reoccurring income because of our property management and services. And this is what we will do with the Miramonti project”. As ID C’s trademark, Miramonti will harness resource efficient systems to reduce its energy consumption and enhance cooling by employing solar panels on the building’s roof. Miramonti will be located in a fresh and booming town of Santo Tomas, which is now anticipated to become a city within the year. “We are looking forward to the success of the cityhood of Santo Tomas. This will open a lot of opportunities to businesses and to its residents at the same time”, Nati said. Sto. Tomas is part of the Philippines’ new beltway of economic growth along the expressways connecting the capital region with Batangas Port. Easily accessible from South Luzon Expressway and adjacent to the Light industry and Science Park III, Miramonti is soon to become the Sto. Tomas landmark and an essential point of reference for the expanding residential and commercial communities of southern Luzon.

Support... from page 2

“We, from the business sector, just want to know the peace and order situation of Iligan so we can adjust our business operations and find mechanisms to prevent more losses,” Punongbayan pointed out. Mayor Celso G. Regencia,

on the other hand, disclosed that the city is one hundred percent safe because of the security measures being done by the Iligan City Police Office to avoid spillovers of the Marawi City incident. Regencia also reiterated that the city still observes curfew hours from 9 p.m. to 5 p.m. (lvgabule/PIA-LDN)

Hurst... from page 4

The final guideline is you have to invite God to the fight. You need to ask Jesus Christ to take control of your heart and marriage. Only He can give you the willpower, love and self-control you need to start winning your fight against your uncontrolled anger that will hurt, even destroy, your marriage and family. Just Think a Minute…

Veterans... from page 6

Philippine Coast Guard and the Philippine National Police are in progress to expand coverage of the financial services to more stakeholders. Present during the inauguration rites were PVB Banking Group Head SVP Vilma Noche; Corporate and Consumer Relation, VP Mike Villa-Real; Governor Lilia Pineda Chief of Staff Councilor Fritzie Dizon and Provincial Board Member Cherry Manalo.

TDF... from page 6

with tenders amounting to Php95.672 billion. The longer term TDF was offered at Php140 billion. But the central bank only awarded Php95.272 billion, rejecting bids of Php400 million. Weighted average accepted yield for the 28-day TDF was at 3.4882 percent. “Demand for the 28-day term deposits, however, decreased due to the nonparticipation of trust units as the June 30 deadline nears,” Tetangco said. “Overall system liquidity appears adequate,” the central bank chief noted. The TDF is a key liquidity absorption facility, commonly used by central banks for liquidity management. Due to the BSP’s inability to issue its own debt instruments, the TDF will be tasked to withdraw a large part of the structural liquidity from the financial system to bring market rate closer to the BSP policy rate, the central bank said. (KMC/PNA)

Republic of the Philippines Supreme Court 12th Judicial Region, REGIONAL TRIAL COURT Branch 21 Kapatagan, Lanao del Norte IN THE MATTER OF THE APPLICATION FOR ACCREDITATION OF THE CAGAYAN TIMES TO PUBLISH JUDICIAL AND LEGAL NOTICES AND OTHER SIMILAR ANNOUNCEMENT. SPL. PROC. NO. 21-531 CAGAYAN TIMES, REP. BY ITS PROPRIETOR PINKY DOMINGO CADAVEDO, Applicant. x- - - - - - - - - - - - - - - - - - - - - - - - / ORDER A verified petition on the application for accreditation of the CAGAYAN TIMES to publish judicial and legal notices and other similar announcement was filed by its proprietor Pinky Domingo Cadavedo on May 10, 2017. The petition alleges, to wit: 1. That the applicant CAGAYAN TIMES is a single proprietorship and registered in accordance with the laws of the Republic of the Philippines with the principal place of business at Abellanosa St., Consolacion, Cagayan de Oro City and is represented in this application by its Proprietor/Owner MS. PINKY DOMINGO CADAVEDO; 2. That the applicant, CAGAYAN TIMES described as follows: a.1. Title of the publication: CAGAYAN TIMES a.2. Name of the Publisher: PINKY D. CADAVEDO a.3. Name of the Editor-in-Chief: MARK D. FRANCISCO a.4. Frequency of publication: WEEKLY a.5. Address: ABELLANOSA ST., CONSOLACION, Cagayan de Oro City, Telefax: (099)856-3344 a.6. Total number of copies printed: 5,000 COPIES a.7. Month, date, and year of first issue: July 31, 2012 3. That CAGAYAN TIMES is duly registered with the Department of Trade and Indusry (DTI) under DTI Certificate No. 01801884, with the principal place of business at Abellanosa St., Consolacion, Cagayan de Oro City. Copy of the Certificate of Registration is hereto attached as ANNEX “A”; 4. That CAGAYAN TIMES is edited and published in Cagayan de Oro City and circulated in the Northern Mindanao; 5. That THE CAGAYAN TIMES has been regularly published for at least one (1) year since the publication of its first issue in JULY 31, 2012; 6. That the CAGAYAN TIMES carries commercial display advertising. Attached is a copy of the publications’ current contract form showing its commercial display advertising rates (ANNEX “B”); 7. That the CAGAYAN TIMES does not merely reproduce or reprint news pages of other newspaper or periodicals within the Mindanao Region but also publishes original news items coming from its several bureaus located throughout Northern Mindanao; 8. That CAGAYAN TIMES is a bonafide member of Misamis Oriental-Cagayan de Oro Association of Publishers (MOCAP), Inc., a legitimate association of Newspapers, Publishers, and that the said newspaper carries commercial display advertising; 9. That CAGAYAN TIMES is also circulated in Misamis Oriental and in all cities and provinces in Northern Mindanao over the Regional Trial Court has jurisdiction; 10. That CAGAYAN TIMES is fully qualified to publish legal and judicial notices as provided for under the provision of PD1079; 11. That the publication rates to be charge on client are in accordance with the rates for Misamis Oriental as per Court Order dated April 7, 2007 in the case of IBP Misamis Oriental – vs- Misamis Oriental-Cagayan de Oro Association of Publishers, (MOCAP), Inc., copy attched as ANNEX “C”; 12. That attached to this applications are the following: a. Three (3) sample copies of the newspaper’s or periodical’s printed format for legal and judicial notices following the requisites prescribed by Section 4 of P.D. No. 1079; (ANNEX “D”); b. Copies of an issue of the newspaper containing commercial advertisements published in the last twelve (12) months, (52 issues); (ANNEX “E”); c. Certified true copy of a contract or insertion order or invoice describing the size and rate of the advertisement; (ANNEX “F”); d. Certified true copy of the newspaper’s official receipt showing payment per contracted advertising rate (ANNEX “G”). Finding the petition sufficient in form and substance, the same is hereby set for summary hearing to August 31, 2017 at 8:30 o’clock in the morning. Let this Order be published in a newspaper of general circulation in the Province of Lanao del Norte for three (3) consecutive weeks at the expense of the petitioner. Any person who has an interest in the petition may file his/ her opposition thereto within fifteen (15) days from notice of this petition or from the last day of publication of this order. Further, let this order be posted for fifteen (15) consecutive days prior to the date of hearing on the bulletin board of the Provincial Capitol, Pigcarangan, Tubod, Lanao del Norte, bulletin board of the Municipal Hall of Kapatagan, Lanao del Norte, bulletin board MAIN BRANCH DIVISORIA BRANCH de Oro City ofCDO barangay Consolacion, Abellanosa St., Cagayan P & J Lim Tiano Brothers Atty. Erasmo Damasing Bldg., where theBldg., newspaper’s place of business is B. situated and on the Kalambagohan Sts., #61 Don A. Velez St., bulletin board of this Court. Tel. # (08822) 727-829 * Telefax # (088) 856-1947

Cagayan de Oro City Tel. # (088) 857-3631

Mambajao, Camiguin Tel. # (088) 387-0491

Cagayan de Oro City Tel. # (088) 231-6739

Corrales Ave.,

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

SO ORDERED. BRANCH CAMIGUIN Kapatagan, Lanao del Norte. LAPASAN BRANCH St., 2017. Poblacion, Lapasan Hi-way, B. Aranas May 26, CORRALES BRANCH

Cagayan de Oro BWM: June 2, 9City & 16, 2017

(SGD.) ALBERTO P. QUINTO

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thu-fri|june 15-16, 2017