BusinessWeek Mindanao (June 15, 2016) by Mindanao Daily News

BusinessWeek MINDANAO

WE ACCEPT

TARPS

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VII, No. 004

Market Indicators As of 6:00 pm june 14, 2016 (tuesday)

FOREX

PHISIX

US$1 = P46.189

7,460.12

4.3 cents

94.28

points

Briefly Budget limit

2014 ppi’S Best in ENVIRONMENTAL Reporting

SURIGAO City -- The Department of Trade and Industry (DTI) Consumer Protection Advocacy Bureau (CPAB) under the Consumer Protection Group has released two Suggested Retail Prices (SRPs) guides for basic necessities and prime commodities and for school supplies as of April 19, 2016 and May 17, 2016, respectively. The Suggested Retail Price (SRP) is the selling price suggested by the manufacturer of a product. Small and Large business can sell merchandise at prices below the SRP, but selling at higher price is prohibited. The intention of SRP is to help standardized prices among locations.

Corporation

0915-563-6246

Mindanao LGUs told to brace for investments www.businessweekmindanao.com

Wednesday | June 15, 2016

By CARMELITO Q. FRANCISCO, Correspondent

One step that they can imme di ately t a ke, s aid Pauline Anne B. Ferrero, development management officer of the Mindanao Development Agency

(MinDA), is to enhance the business climate by setting up their respective investment incentive codes. “They need to prepare their areas so that when

investors come they are ready,” said Ms. Ferrero, explaining that companies, both foreign and local, have been exploring the opportunities in Mindanao. But the incentive codes do not necessarily mean are as b e come inst ant ly attractive to investors as Ms. Ferrero said their respective local chief executives must also think like corporate leaders, not traditional politicians. brace/PAGE 11

By CHENG ORDOÑEZ Executive Editor

“New Gateway”, a booming district in Upper Balulang, an area that links the city to neighboring provinces of

Bukidnon and Lanao del Sur. Cagayan de Oro City Mayor Oscar Moreno, who rises/PAGE 11

BUTUAN City -- Secretary Rogelio L. Singson of the Department of Public Works and Highways (DPWH) has this last policy instruction to recommend to management which is to impose ‘limit’ on annual funding for each project implemented by the Department to address underspending of budget. This was disclosed by the secretary during his recent visit to Caraga Region, his last before he bows out of the department come June 30, 2016. The outgoing secretary has been recently doing his rounds nationwide, visiting each region to assess current status of infrastructure program to ensure a smooth transition of governance to department’s newly- appointed Secretary Mark Villar. “I am ready for turn-over anytime now, but I’m just doing my rounds to make sure the next administration will not encounter major problems following my lead,” he said.

New SRP

P15.00

STICKERS BusinessWeek MINDANAO

OCAL government units in Mindanao must seize the opportunity and make their areas more business-friendly as the region draws potential investments with the election of the Davao City Mayor Rodrigo R. Duterte to the presidency, a government official said.

Montierra rises in CDO’s emerging ‘New Gateway’ TALLEST HOSPITAL. Dr. Amado Enriquez Jr., ACE Medical Center Cagayan de Oro chairman of the board (right), leads the groundbreaking of the ten-storey hospital to rise along Rosario Drive, Cagayan de Oro City. Upon its expected completion in 2018, it will be the tallest hospital structure in Mindanao. PHOTO BY MARK FRANCISCO

J O H N D O R F Ve n t u r e s Corporation (JVC) formally opened on Sunday its latest project, Montierra, a 600home sprawling townhouse communit y for midd le income families located along Cagayan de Oro City’s

PPI set to discuss West PHL Sea in confab, bares awards finalists AS it celebrates its 52nd year, the Philippine Press Institute, also known as the national association of newspapers, reaffirms its strong commitment to doing its share in enhancing

media’s role as a catalyst for discourse—rich, enlightened, meaningful and sustained— via its Annual National Press Forum and Membership Meeting whose highlight is the Civic Journalism

Community Press Awards. As the Philippines heads into a new political dispensation, much of the country is watching with bated breath how the newly ppi/PAGE 10

MONTIERRA LAUNCHING IN ORO. Cagayan de Oro City Mayor Oscar Moreno and Johndorf President and CEO Mr Richard Lim lead the grand launching of Johndorf’s townhouse Montierra at its location in Upper Balulang on June 12. PHOTO BY GERRY LEE GORIT

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

BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

wednesday|June 15, 2016

Economy

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

Northern Mindanao farm output contracts due to El Niño

By APIPA P. BAGUMBARAN, Contributor

HE dry spell brought about by El Nino negatively impacted the farm output in Northern Mindanao in the first quarter of 2016, according to the National Economic

and Development Authority (NEDA). Engr. Cecilio Clarete, chief economic development specialist of NEDA in region 10 said the drought caused the production of major crops in

the region to contract during the first quarter of the year. Cit ing rep or ts f rom the Philippine Statistics Authority (PSA), Clarete said palay production declined by almost six percent to 170,185 metric tons (MT) from 180,694 MT in the same

MSMEs may now take advantage of STARBOOKS in CDO Negosyo Center MICRO Small and Medium Enterprises (MSMEs) and various entrepreneurs who will avail services of Cagayan de Oro Negosyo Center can now take advantage of getting several science and technology information to improve business products and pro cess es t hroug h Science and Technology Academic and ResearchBased Openly Operated Kiosk

Station (STARBOOKS), a digital librar y from the Department of Science and Technology (DOST). In a turnover ceremony on 10 June 2016 at the Department of Trade and Industry (DTI) Misamis Oriental provincial office, Tiano-Akut Sts., Cagayan de Oro City, DOST Regional Director Alfonso P. Alamban shared that STARBOOKS is

a technology rolled out by DOST nationwide. It is a digital librar y wherein barangays and far flung communities can access scientific and technological information without the use of internet. As of now, 70 STARBOOKS have been dist r ibute d t hroug hout the regions. According to Alamban, they started with Advantage/PAGE 10

quarter last year. Decreases were recorded in four of the five provinces in the region for both irrigated and rainfed areas. Clarete said the insufficient rainfall caused lesser plantings in Lanao del Norte and decreased the harvest areas and average yield in Bukidnon and Misamis Oriental. Despite the reduced production, the total value of palay produced went up by 1.1 percent reaching P3.356 billion as farm gate price increased by 7.3 percent to

P19.72 per kilogram from P18.37 in 2015 . El Nino also affected corn production as it dipped by 19 percent in the first quarter of this year to only 249,680 MT from 307,848 MT in the same period of last year. Hardly hit provinces were Bukidnon, Misamis Oriental and Camiguin which posted double digit decreases. Bukidnon’s corn production went down by 23 percent as some yellow corn areas were greatly damaged by the drought. Bukidnon accounted for

68 percent of the region’s total corn production. Far mers in Mis amis Oriental, on the other hand, planted pineapple and cassava in some corn areas due to insufficient rainfall. However, Lanao del Norte did relatively well increasing its output by three percent as high yielding variety of corn seeds were planted in the province. Clarete also said the value of production declined for both white and yellow corn despite increases in farm gate Output/PAGE 11

SupportZebra, represented by managing director Niño Duran (left), signs a memorandum of agreement with the social welfare and development office of the municipality of Balingasag, Misamis Oriental, represented by Social Welfare Officer I Miraflor Papellero (right). Under the agreement, SupportZebra shall take care of the full six-year high school scholarship of Tina, a 12-year-old former resident of charity home Balay Canossa Foundation (not in picture). SupportZebra has decided to shoulder the tuition expenses of Tina throughout her high school life, including housing and miscellaneous expenses, provided that she maintains her grades. This is part of the corporate social responsibility of the premier BPM company in Cagayann de Oro City. The social welfare and development office of Balingasag shall monitor Tina’s day-to-day developments while she is schooled at Capitol University Basic Education Department. Tina was recently reunited with her Balingasag-based family after spending her whole childhood at Balay Canossa. PHOTO BY MARK FRANCISCO

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

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

AEV sees power distribution boost ABOITIZ EQUITY Ventures, Inc. (AEV) expects its power distribution business to post a 5.3% sales growth this year because of the “robust growth in the economy” and other factors including increased electricity consumption amid the extended warm weather. Jaime Jose Y. Aboitiz, chief operating officer of AEV unit Aboitiz Power Corp., said its subsidiary Visayan Electric Co., Inc. (VECO), will continue to post growth for the rest of the year. “Aside from robust growth in the economy, other factors such as IEC (International Eucharistic Celebration) which brought tourists in Cebu, the prolonged El Niño which necessitated the use of cooling systems, and this year’s presidential election -- all contributed significantly in the impressive growth in the first quarter,” he said in a statement, quoting an interview with reporters in Banilad, Cebu City on Friday. “For 2016, we expect sales to grow by 5.3%,” Mr. Aboitiz said. VECO, the country’s second-largest privately owned distribution utility, is undertaking various expansion projects this year, including underground cabling in Cebu City. Anton Mari G. Perdices,

VECO senior vice-president and chief operating officer, said: “The project is a continuation of the initial implementation compliant to the Cebu City Ordinance 1894 in building ut i l it y s t r u c tu re s an d distribution underground. The project concentrated on Osmeña Boulevard, from the Provincial Capitol to P. del Rosario Street.” AEV property subsidiary AboitizLand, Inc. is also on schedule with its mixed used development project in Mandaue City, a joint-venture with Ayala Land, Inc. AboitizLand is spending P4.7 billion this year to “expand its industrial and residential land bank as it continues to grow its footprint outside Cebu,” AEV said. “We launched last Monday (June 6) our latest joint venture with Ayala Land. Gatewalk Central, dubbed as the dynamic center of Mandaue, is a 17.5-hectare mixed-use project that will consist of an Ayala mall, residential towers, and office spaces,” said Andoni F. Aboitiz, AboitizLand president and chief executive officer. “One of the mall tenants will be Landmark, which will be the mall’s first expansion outside Metro Manila,” he added. AboitizLand is also in the final planning phase for three new projects in Luzon.

CorporateWorld

BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

wednesday|June 15, 2016

AirAsia Piso Fare is back

IRASIA is making available up to 3 million promotional seats in the company’s latest Red Hot Piso Fare campaign across its entire short and long-haul network, the airline said in a news release Monday. Starting from a base fare of only P1, excluding taxes and fees, guests can fly to/from Manila, Davao, Kalibo/Boracay, Tacloban, Tagbilaran/Bohol, Cebu and Palawan in the Philippines while international flights from Manila to Shanghai, Macau, Hong Kong, Kota Kinabalu, Kuala Lumpur, piso/PAGE 11

EDC to optimize geothermal power plants by H1 of 2017 THE Energy Development Corp. (EDC) will complete by the first half of next year the strategic technology optimization of its geothermal power plants, which will increase its output capacity by 50 megawatts (MW). Richard Tantoco, president and chief operating officer of EDC, said the Tongonan geothermal power plant in Leyte will hike its capacity

from 120 MW to 140 MW. He further said that Nasulo in Negros Oriental will have a capacity boost by another 20 MW from 49.4 MW. Palinpinon, also located in Negros Oriental, will be the last power plant set for optimization, according to the EDC head. Its capacity will likely increase from 192.5 MW to 202.5 MW. Tantoco said the higher

capacity would improve its revenue by an “additional PhP600 million.” He noted that the BacMan (Bacon-Manito) geothermal power plant has completed its rehabilitation from damage by super typhoon Yolanda. The cooling towers were redesigned and re-engineered, which caused the long repair. “That’s all done – the facilities that were longest to

install, the cooling towers that we completely redesigned and re-engineered,” Tantoco told journalists in an interview. EDC has also acquired spares for its equipment to prepare for the next potentially devastating storm. Energ y Development Corp. has a total capacity of 1,457.8 MW, from geothermal, hydro, wind and solar power facilities.

BusinessWeek MINDANAO

Opinion

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

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

wednesday|June 15, 2016

BusinessWeek MINDANAO

YOUR LOCAL ONLINE BUSINESS PAPER

www.businessweekmindanao.com

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

ALLAN mario MEDIANTE

Vice President for CorporateAffairs

Joe felicilda

Vice President for Administration

joe palabao

Vice President for Marketing

NELSON CONSTANTINO Editor-in-Chief

Cheng ordoñez

gilbert y. chao

Executive Editor

Motoring Editor

BONG FABE

CLIFFORD SANTILLAN

JUN AYENSA

mel-rose codilla

Associate Editor

Layout Artist Advertising

Regional Editor Caraga

ATTY. MARIO T. JUNI

Cris diaz mike baños Uriel quilinguing Contributing Editors

Cell No: 09352379999

Juni Law Office Cruz Taal St., CDO Legal Counsel

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

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

Member: Philippine Press Institute

DepEd against teaching godliness? LIFE’S INSPIRATIONS: “…The law of the LORD is perfect, refreshing the soul. The statutes of the LORD are trustworthy, making wise the simple. The precepts of the LORD are right, giving joy to the heart. The commands of the LORD are radiant, giving light to the eyes…” (Proverbs 19:7-8, the Holy Bible). -ooo LUISTRO IS WRONG IN PRAISING SCHOOL OPENING: I certainly hope I can believe Bro. Armin Lu i s t r o, t h e o u t g o i n g secretary of the Department of Education (DepEd), when he said that the opening of School Year 2016-2017 could be considered as one of the best school openings in the history of the country. But, with due respect, I cannot do so, and for a very grave reason. The fact is that, Luistro used all his strength and p owe r a s s e c re t ar y of education, in the waning days of his term yet, to block the efforts of Christian Born Again churches across the Philippine archipelago to continue operating their church schools under special permits granted by previous DepEd secretaries, apparently to pave the way for the closure and ultimate demise of these church schools. Since when is the opening of elementary and secondary

classes in any given school year to be considered as “the best opening ever”, as Luistro unabashedly claimed last Monday, June 13, 2016, when thousands of Born Again elementary and high school students were deprived by Luistro’s DepEd of their Constitutional and legal right to education simply because the church schools where they were studying were ordered closed by DepEd? -ooo BORN AGAIN SCHOOLS CLOSED BY DEPED: This closure of Born Again church schools has not reached the attention of the media and of the concerned sectors of Philippine society yet, it would seem, because nothing can be read or be heard from newspapers or from radio and television networks about this problem. But the fact cannot be denied. As School Year 20162017 started on June 13, 2016, hundreds and hundreds of Born Again church schools where thousands and thousands of Born Again children were enrolled were barred from either opening t heir s cho ols, or f rom accepting for enrolment their former students or students from other schools. -ooo SCHOOL CHILDREN LEFT OUT IN THE COLD: What was more problematic

for the church schools and their students---and the parents of the students as well---was the failure, or perhaps outright refusal, of DepEd to provide an acceptable alternative for the students who would be missing school for the next one year or so. Assuming that DepEd was right in closing down the Born Again schools which is still highly debatable, it should have, at the very least, come up with remedial measures to help the students who would be displaced by its own orders. Now, the students have nowhere to go, appearing to have been punished for something they did not even do! -ooo DEPED AGAINST TEACHING GODLINESS? Truly, it cannot be denied that Born Again church schools serve a very good function in educating Filipino children. Not only do these schools provide extraordinary academic training to their students, but they even instill spiritual values and direction among children whose minds and hearts are still largely impressionable, and capable of being molded towards godliness, probity, and righteousness. DepEd is totally aware of this, and its persecutory actions against church schools

K akampi

Mo A ng Batas

Atty. Batas Mauricio tend to indicate that this is one agency of government which is gripped in the neck by forces which do not like our children to be taught about God and His commands. DepEd has just proven it is a part of overall efforts to reject God and the power and salvation He gives to His believers! -ooo PLEASE WATCH OR L I S T E N : “ Ta m b a l a n g Batas at Somintac”, a newscommentary radio program, aired at DZEC 1062 kHz and other R adyo Agila provincial stations, at http:// www.eaglebroadcasting. net/radyoagila and at www. youtube.com (type DZEC Radyo Agila Tambalang Batas at Somintac 1062 Live), 6 to 7 in the morning, Philippine time. Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@ yahoo.com.

Contact, communication, communion

Oro Chamber

Hole in the Heart Think a minute…You may have heard of Jimi Hendrix. He has been called the greatest guitar player of rock n’ roll. One night, Jimi Hendrix was performing for a huge crowd of thousands at a sold-out concert. Suddenly, right in the middle of the concert, he stopped playing. The thousands of people in the audience waited in silence, wondering what Hendrix was going to do. Finally, the silence was broken when Hendrix spoke through the loud speakers. He said: “If any of you out there knows how I can get peace of mind, please meet me backstage after the concert.” The big crowd sat in silence, completely surprised and shocked! Sadly, not one person in that crowd of thousands came backstage after the concert. And Hendrix never found the peace of mind he was so desperate for. The next day, Jimi Hendrix was found dead, from an overdose of drugs. What a tragic story. You know that our Creator made every one of us to share and enjoy life with Him. In fact, we all something like a hole in our heart and life, like a missing piece of a puzzle. And until we find that missing part to fill our life, you and I can never have real, lasting

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

THINK

A Minute

Jhan Tiafau Hurst peace and satisfaction, because we’re not complete. We can try to fill this emptiness with things like money, power and respect, physical pleasures alcohol, drugs or sex outside marriage. We can even try to fill it with religion. But none of these things can give you real peace and satisfaction that lasts a lifetime. They may feel good for a short time, but later we’re back to feeling empty, restless and unsatisfied. This is because only Jesus Christ your Maker can completely fill the emptiness in your heart and life. So why not ask Him to forgive you for living your own way? It’s only then that you will finally be complete, and enjoy real peace and satisfaction that lasts a lifetime. Just Think a Minute…

It’s a basic rule in public speaking that the speaker should keep eye contact with his audience to establish connection and effective communication. Otherwise, no matter how brilliant the speech or talk may be, without this contact, the attention of the audience would likely stray. Obviously, this concern for cont ac t is not and should not be an exclusive responsibility of the speaker. The audience also has to do their part, because no matter how the speaker strains to keep contact with them, if they don’t do their part, the communication process would fail. In my effort, for example, to train some students in my school to be readers at Mass, this is what I emphasize. I practice them minutes before the start, and with that I was led to discover certain practical details. Among these discoveries is the realization that readers should try to internalize the words they are supposed to read. I tell them, it is God’s word. Then I ask them, what would you feel, and how would you think you should read it in proclamation when you deeply realize it is God’s word meant to nourish people’s soul? Of course, I have to give them many background i n for m at i on ab out t h e verses, and I encourage them to meditate on them,

so that they can internalize them and would have a good idea of how to say themwhat pace, tone, volume, etc. they should have. O b v i o u s l y, t h i s requirement is an ongoing affair. It’s not a one-shot deal, nor just a modular affair. Like it or not, it invites those concerned to deepen their theology, and even more, their spiritual life. The mouth can only speak out of the abundance of their heart and soul. Their heart should be attuned to what they are saying or reading. The speakers or readers should know the meaning of the words, always aware of whose words they are, and to whom they are addressed, etc. I t ’s t h i s r u n n i n g consciousness of these data that would help the speakers or readers to behave properly during the delivery. With these items taken care of, it would be easy for them to do those glances at the audience. Those glances become natural, meaningful, and felt. They become convincing. It’s when readers just mouth the words, with no heart and soul to them, that the eye contact that they try to do would feel fake and artificial. The delivery becomes mechanical and hollow. Worse, everyone would notice it, though out of civility, they may just

keep quiet about it. And so, everyone has to realize that it’s not just a matter of eye contact. That eye contact that is so fundamental in public speaking should spring and be accompanied always by heart contact, that is, a heart-to-heart contact with the audience. Speakers and readers should cultivate the skill of entering the heart of God and the hearts of those in the audience. This is not easy, of course. But it can be done if one has the right attitude and disposition. We need to be humble to be observant and to register things as objectively as possible. Besides, we often commit mistakes, and if we are not humble, then we cannot progress. With pride, we get stuck at a certain point. We need to be truly interested in the people, ever widening our heart to accommodate the t re m e n d ou s v ar i e t y of personalities, characters, cultures, etc., we can find in the field. For this, we have to cultivate a certain kind of discernment that allows us to penetrate into the hearts of people, without getting stuck in the externals. The mind should be broadened. Social graces should be polished. Thus, I was a bit disappointed when in a recent visit to a seminar y, I found the

HINTS

and

Traces

Fr. Roy Cimagala seminarians and even some of the priests significantly lack ing in t hes e s o cia l skills. How can they become effective preachers if they are like that, I asked myself? There is no short-cut to this goal. It has to be pursued not only when one prepares to give a speech. It is an all-time affair, an abiding love affair with God and the people. Otherwise, the artificiality of the delivery will just show. A certain kind of inner hunger for God and for souls should be developed. And for this, nothing less than the grace of God is needed. On our part, what is needed is that we pray, asking for this gift, so that in the midst of our earthly affairs, we wouldn’t fail to enter the spiritual life of the people. A l l t h is bus i ne ss of eye and heart contact, of effective communication, is just an aspect of a deeper reality, which is communion.

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

Banking&Finance

BPI Family Savings Bank sees healthy loan growth B PI FAMILY Savings Bank, Inc. the thrift banking arm of the Bank of the Philippine Islands (BPI), continues to see growth in its lending business, expecting to match the double-digit expansion in its portfolio seen last year. BPI Family Savings Bank President Natividad N. Alejo said the thrift bank, which focuses mainly on consumer financing, posted “very good” growth in its loan portfolio for 2015, in line with the industry’s average rate. As of November last year, the bank was “tracking P200 billion” in loans. “Our loan portfolio is still growing ... We’ve seen the market has been growing and so we’re still there, trying to keep pace with that growth,”

Financial inclusion: making buzz phrase work for many THE Bank for International Settlements (BIS) and the Bangko Sentral ng Pilipinas (BSP) jointly hosted the Research Conference on Financial Inclusion and Central Banks in Mactan, Cebu last week, in a global push for making financial systems work for majority of people. The high-level conference brought together senior central bankers, leading academics and other experts to discuss key policy issues on financial inclusion. This is the first event the BIS co-hosted with the BSP that is focused on financial inclusion. BSP Governor Amando Tetangco, Jr. said “financial inclusion has gained prominence as a global policy agenda as it complements work/PAGE 9

Ms. Alejo said in a recent interview. “In the first quarter, we’ve actually seen growth and it’s a growth across the board although the corporate business has been quite strong in the first quarter.” BPI Family’s parent bank BPI reported to the Philippine Stock Exchange that for the January to March period, total loans with the bank stood at P861.22 billion, rising 18.1% year-on-year, with a 78:22 corporate-retail mix. Last year, its loan book reached P872.86 billion, up 9.1%, with the same portfolio mix. “Practically all areas have been growing. Consumer has also been growing double digit in terms of volume,”

BPI Family Savings Bank expects continued growth in its lending business.

Ms. Alejo said. In terms of proportion, the bank executive said “ bulk is still mortgage and then auto,” adding that “it has been growing quite strong particularly on the auto loans.” “We’re hoping that it will still be double digit like last

year. In the mid-teens to 20% ... the fundamentals of the Philippines remain intact and for as long as that continues, especially where the benefits of the growth actually gets trickles down to consumers, that would contribute to growth,” she growth/PAGE 9

PDIC increases coverage for insured deposits THE Philippine Deposit Insurance Corp. (PDIC) increased its coverage for insured deposits as the year opened, keeping pace with the expansion in the number of bank accounts and deposits. The state insurer covered P2.085 trillion in deposits during the first quarter, representing 22.2% of P9.395-trillion total deposits recorded at end-March held under 51.851 million bank accounts, based on PDIC data. The amount is higher than the P1.9-trillion insurance coverage during the comparable first three months of 2015, which made up 22.4% of the P8.479 trillion total deposits spread across 48.229 million bank accounts. The share of insured deposits settled at 22.48% at end-2015, or P2.072 trillion of a P9.218trillion sum.

As the state-run insurer, PDIC is required to cover bank deposits for a maximum of P500,000 per account. Broken down, the insured deposits from January-March cover P1.812 trillion under peso accounts, which represent 86.9% of the total, coupled with P273.193 billion from foreign currency deposits, data showed. About 56.8% of the covered accounts were fully insured under the PDIC at P1.184 trillion, while the remaining 43.2% or P901.777 billion in bank deposits were only partially covered. In a separate statement sent last week, PDIC officials said the new law for the state insurer took effect last Saturday, after it was passed by Congress and signed into law by President Benigno S.C. Aquino III on May 23. Republic Act 10846

which amends the original PDIC charter of 1963, is seen to “further strengthen” the insurer’s powers to fast-track liquidation for closed banks and the settlement of dues to insured depositors. “The amendments include a new resolution framework that allows PDIC to resolve problematic banks while these are still open, thereby addressing the risks posed by bank closures and in the process, promoting financial inclusion,” the insurer said in a statement sent on Friday. Stiffer penalties also await any bank officers or depositors caught in fraudulent and irregular activities to as much as 12 years in jail. The PDIC also steps in as receiver for banks ordered closed by the Bangko Sentral ng Pilipinas.

Record number of exhibitors, trade buyers seen at Stores Asia Expo 2016 Stores Asia Expo, u n d ou bt e d l y t h e b e s t venue for retail-solutions providers to meet prospective clients in the Philippine retail industry, will be back for its 2016 edition on August 10 and 11 at the SMX Convention Center. The Philippine Retailers Association (PRA) expressed confidence that Stores Asia Expo 2016 will top the previous stagings of the two-day event in terms of number of visitors and exhibitors. “We have seen the robust growth of the country’s retail industry, especially with the entr y of more foreign players and the

BusinessWeek MINDANAO

advancement of technology that makes ecommerce a big part of Filipinos’ shopping experience. This further highlights the importance of Stores Asia Expo as the country biggest venue for networking among retailers and industry suppliers,” NRCE Overall Chairman Frederick Go emphasized. Stores Asia Expo is the twin activity of the National Retail Conference and Expo: It is the only focused and dedicated retail suppliers’ exhibition in the Philippines. Suppliers of ret ai lindustr y solutions and retailers directly link with each other at the event. To be exhibited at the event are

Retail Solutions, E-Comm & M-Comm, Shopfit & Stores Design, Digital Marketing and Retail Marketing. “ The PRA carefully puts together the relevant s olut ions for ret ai lers under one roof, while the attendees are serious trade buyers who visit the expo to really look for the right solutions to grow their business. Stores Asia Expo is really worth the time, effort and resources for both exhibitors and trade buyers,” Go, who is also president of Robinsons Recreation Corporation and Robinsons Land Corporation added. L im ite d nu mb e r of booths are still available. Interested exhibitors may

contact the PRA Executive secretariat now to book the space they require for the Stores Asia Expo 2016. Look for Ms. Mayan Sangil, Project Manager at 6874180-81, or email at communications@ philretailers.com, or visit their website www.nrce-ph. com. T h e 2 3 rd N RC E i s sponsored by The SM Store and PLDT Alpha Enterprise as Platinum sp ons ors, Robinsons Malls, Ayala malls, Araneta Center, Bench, Wilcon Depot, HP Enterprise, HP Philippines, T h e P h i l i p p i n e S t a r, BusinessWorld, Fascin8, Duty Free Philippines, HBC, and Shangri-la Mall.

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

wednesday|June 15, 2016

OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

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

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

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

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

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

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

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

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

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

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

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

METRO BANK- GAISANO 8561720

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

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

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

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558 PLANTERS DEVELOPMENT BANK

Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774 SECURITY BANK- LKK Limketkai | 8801258/8801625

EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081

SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632

EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331

STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168

ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

UCPB BANK- LAPASAN Osmeña Corner Lkk Drive, Cdoc 85771842/ 725135 UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527 UCPB BANK SAVINGS-CAPISTRANO

Capistrano Corner CruzTaal St. CDO 8524099/722695

UCPB BANK SAVINGS- OPOL Gf forever Books Bldg.Bulua National CDO 754519/8588063 UNION BANK Lapasan Cm.Recto Cdoc | 8566847/8563805 WEALTHBANK Velez Gomez St. Cdoc | 8568942/722174 1ST VALLEY BANK Vamenta Blvd. CornerLirio St. Carmen, Cdoc 8501871/ 8584146 OROBANKERS CLUB Inc. Pnb Carmen | 09151850242

BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

wednesday|June 15, 2016

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

BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

wednesday|June 15, 2016

B illboard 8 GE Appliances now belongs to Haier BusinessWeek MINDANAO

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

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

wednesday|June 15, 2016

Global SourcesAt $5.6 billion, Qingdao Haier has finally signed the closing documents for ownership of Louisville, Kentucky-based GE Appliances. Qingdao Haier is now the owner of GE Appliances, with the deal finalized on Monday for $5.6 billion. Following the announcement, it was also reported that GE Appliances will remain headquartered in Louisville, Kentucky. The company will continue to operate independently under the current management team headed by president and CEO Chip Blankenship, who

will soon take a senior vice president position at Haier Group. GE Appliances will also be managed by two independent directors and senior representatives from Haier to better guide operations and strategy. No lay-offs for the more than 6,000 employees of GE Appliances in Louisville are

Although it is the world’s largest manufacturer of appliances, Haier currently constitutes only 1.1 percent of the US appliance market while GE Appliances holds 14 percent. Haier began as a refrigerator manufacturer in China in 1920, eventually expected to becoming a transpire. state-owned Despite the business around change in 1949. It was only ownership, GE in 1990s when Appliances the company models will still adopted the carry the GE name Haier brand, and Group and customers will strengthened continue to credibility and receive the same brand image support. by international Haier’s expansion, purchase of GE maintaining its Appliances was position as the driven by plans world’s appliance to bolster a market share stronger presence leader for six in the US. consecutive

CONTRIBUTION OF MEDIA TO THE LEARNING PROCESS By MELANIE M. LIGUTOM (HT I)

Learning is a process to acquire knowledge. It needs hard work that sometimes made the students frustrated and get bored, so that they lose their attention to a lesson. In this case, the use of media in teaching-learning process is needed to attract students’ attention and to make teaching- learning activities more interesting and effective. The use of media in teaching- learning process is not a new thing. Many teachers know that media will be helpful. Media give students something new, but not all of teachers know how to implement it correctly, so sometimes media disturb learning

process instead of helping students in learning process. This situation causes a problem. The use of media is questioning whether it really helps teaching- learning activities or not. Media are the means for transferring or delivering messages. Li-Ling Kuo states that a medium is called the educational medium when the medium transfers message for teaching (LiLing. 1996). He adds that the use of media is important and it is impossible to coordinate teaching with learning without using media (Li- Ling.1996). Media are flexible because they can be used for all level of students

and in all subjects. Teaching media also can encourage stu d e nt s to t a ke more responsibility for and control over their own learning, engage in joint planning of the syllabus, and take longerterm perspectives on their own learning (Masterman. 1999). Since media give many advantages, a teacher should consider a medium to be used in teaching- learning process. Media of fers b oth cognitive and af fective experiences. It can provoke discussion, an assessment of one’s values, and an assessment of self if the scenes have strong emotional content.

The use of media sources help connect learners with events that are culturally relevant. As result, a positive consequence of utilizing media is that instructors must keep their materials and examples up-to- date. In retrospect, as a School Head, I have seen and experience the great influence of media to the daily instruction. And to that note, I should see to it, Teachers should use media in their instruction at least once or twice in a week just to let the pupils in one of the farthest barrio schools of Cagayan de Oro City Division, experience of what media is all about.

years. Before GE Appliances, Haier has already acquired New Zealand’s Fisher & Paykel. In the Philippines, Haier has partnered with Continental Sales, Inc. (member of the LKG Group of Companies) to be its exclusive distributor for

Chest Freezers, Beverage Coolers and Wine Coolers for more than 15 years. For inquiries and more information, CSI may be reached through its sales hotlines at (02) 3625886/87. Haier Appliances are available in all major appliance stores nationwide.

“IN COMPLIANCE TO K-12 PROGRAM” Mrs. Ruth S. Ponferrada Teacher III Grade 5-Real Adviser Mambayaan ES, Balingasag-North District, Misamis Oriental Did you know that inside the sprawling three (3) hectares school campus of Mambayaan ES, North District of Balingasag, Misamis Oriental erected an edifice dubbed as Senior High School Building? It is strategically situated at the back of the A fore stated elementary school near a lake and a forest like surrounding. It is destined as conducive school for those students who are due to take their Grade Eleven and Grade Twelve in the newly imposed K-12 Curriculum.

“GREENING PROGRAM ON THE GO” Mrs. Ruth S. Ponferrada Teacher III Grade 5-Real Adviser Mambayaan ES, Balingasag-North District, Misamis Oriental

Mambayaan ES, North District, Balingasag, Misamis Oriental continuously supports the Laudable program of the government, they so called, “Greening Program”. While the Nation’s forest today is practically depleted to zero level, the school has endeavored to duplicate what is mandated by law. Under the same law Grade 6 pupils who are due to graduate are required to plant trees. Mambayaan ES and the entire teaching force under the principalship of Mrs. Nieva E. Bitonga are grateful to all stakeholders for their unequivocal support.

“MAMBAYAAN ELEMENTARY SCHOOL AND NAT FOR SCIENCE” Mrs. Ruth S. Ponferrada Teacher III Grade 5-Real Adviser Mambayaan ES, Balingasag-North District, Misamis Oriental Mambayaan ES, North District, Balingasag, Misamis Oriental had been consistent in its honor as one of the schools in the province garnering highest percentage scores in the National Achievement Test (NAT) for Science. In the last three (3) years, ranging from school year 2013-2016, Mambayaan ES garnered 98.88, 99.80, and 98.99 percent respectively. The feat is believed to have come from the sacrifices of the concern Science teachers and School Science Coordinator with the cooperation from the children as well as their parents and from the guidance of Mrs. Nieva E. Bitonga, the school principal.

BusinessWeek MINDANAO

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

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

Tata Motors CDO introduces the new superACE Text and Photo by MARK FRANCISCO

TATA Motors Cagayan de Oro unveiled over the weekend the latest offering of Tata Motors Philippines – Super Ace (stylized as superACE). The 1-ton diesel minitruck offers a loading deck length of 2630 mm, a top speed of 128 kph and a turning radius of 5.1 m. Taking off from her Top Gear award-winning sister Tata Ace, superACE is specifically designed to address your businesscritical requirements – it has a powerful turbo diesel engine, a convenient 1-ton payload capacity and it is spacious.

superACE has superior driving comfort and is reliable for both long and short distances, complete with spring suspension and telescopic shock absorbers which makes it the perfect vehicle for carrying those heavy loads. The driver cabin offers car-like interiors with a host of other comforts for the driver like HVAC function, sliding reclining seats with adjustable headrest and folding arrangement, power windows, hydraulic power steering, digital clock, 12v power socket for cigarette

lighter and mobile charging points, remote central locking and fog lamps. Complying with international safety norms, superACE features a broader ORVM for three-lane visibility, load conscious reducing valve for better braking, a semimonocoque structure designed for multiple crumple zones and side impact beams. Its 14-inch wide tires are designed for better road grip, better stability at high speeds and high ground clearance. SuperACE has a long and wide loading dock – the largest in its category – enabling

you to carry heavy cargo with ease. It has an additional third way drop side which guarantees easy loading and unloading. Thus no matter what business you’re in, superACE can carry the load from gardening and plumbing to catering, furniture and fresh fruit and vegetables. Indeed, its addition to the Cagayan de Oro showroom is a welcome development to businessmen in this agricultural-rich region of Northern Mindanao. SuperACE is on display at the Tata Motors Cagayan de Oro showroom along Gusa highway, this city.

wednesday|June 15, 2016

Work... from page 5

other policy initiatives on reducing poverty, addressing inequality, and promoting f i n anc i a l st abi l it y and integrity.” BIS Chief Representative of Office for Asia and the Pacific Dr. Eli Remolona said the BIS, as the global standard-setting body, would want to align reforms with inclusion. Also at the conference were Bank of Thailand Governor Veerathai Santiprabhob who said financial inclusion is transformative - central banks themselves can participate in making the financial systems more beneficial to majority of citizens. Former Governor of the Reserve Bank of India Yaga Venugopal Reddy said financial literacy is relevant for financial inclusion, and also for the broader objective of nurturing an educated public.

Growth... from page 5

said. Last November, BPI Family Savings Bank Senior VicePresident for Retail Loans

CNN Philippines Stations Nationwide

CNN Philippines TV-5 Cagayan de Oro

RPN Radyo Ronda Stations Nationwide

DXKO 1368 Cagayan de Oro

2014 ppi’S Best in ENVIRONMENTAL Reporting

Cristina L. Go said the bank targets to “cross” the P200 billion level by end-2015. She noted then that 30% of the loan portfolio target for 2015 will come from provincial areas as its growth rate at 25% has already outpaced the general Metro Manila area, which is at 15-18%. BPI Family ended 2014 with a P173-billion loan portfolio, accounting for 25% of BPI’s total lending business. BPI Family will put up 19 new branches this year mostly in areas outside Metro Manila to service the growing market in the provinces. This month, the thrift lender is set to open shop in Lucena, Baguio and Cabanatuan. BPI Family’s listed parent BPI, the country’s third-largest bank in asset terms, booked a P4.98-billion income in the first quarter, up by 1.3% from the P4.92 billion it earned during the same period in 2015 on strong results from its core lending business, non-interest income, and securities trading. The Ayala-led bank saw its net income rise by 1.1% in 2015 to P18.04 billion from the P18.038 billion seen in 2014. It has at least 810 branches and over 2,000 automated teller machines nationwide.

BusinessWeek MINDANAO

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

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

wednesday|June 15, 2016

PPI...

from page 1

m i nte d Pre s i d e nt - el e c t Rodrigo Duterte will sooner or later deal with the issue of China’s aggressive intrusion into the West Philippine Sea (or areas of the South China Sea lying within the country’s exclusive economic zone prescribed by international law). Publishers and editors of PPI member-newspapers nationwide will convene in Manila at the Century Park Hotel for the 20th National Press Forum, whose theme “Understanding the Disputes in the West Philippine Sea” will focus on media’s role in fostering public understanding of important issues — not least of which are the dark clouds hovering over the West Philippine Sea — cannot be underscored enough. No less than Senior Associate Justice Antonio T. Carpio will be the guest of honor and speaker. B orn in Davao City, Justice Antonio Tirol Carpio was sworn in as member of the Supreme Court of the Philippines on October 26, 2001. He is the Chairperson of the Supreme Court’s Second Division and Chairperson of the Senate Electoral Tribunal. Partnership programs with Holcim Philippines, Oceana Philippines and Plan International - Philippines will also be re-launched in a separate function. Vera Files will present its journalism fellowship on Road Safety. Three-time PPI chairmanpresident Atty. Jesus Dureza will turn over the reins to the next head of the Institute. He will join the Duterte Administration for the Office of the Presidential Adviser on the Peace Process (OPAPP). For the first time, incoming Press Secretary and Chief of Presidential Communications

Operations Office (PCOO) Martin Andanar will meet the PPI members to discuss “The Malacañang Press Office and the Press”. Recognizing excellence in reportage Highlighting the twoday forum is the 2015 Civic Journalism Community Press Awards, the first and only awards program of its kind in the country, that aims to raise the standards of journalism in the countryside and seeks to honor news organizations not only for editorial excellence but also for their role as catalysts for community development. Now on its 20th year, the awards program will honor outstanding community ne w sp ap e rs i n v ar i ous categories such as editing, photojournalism, editorial page, business and economic reporting, environmental reporting, reporting on history, arts and culture, and fisheries. Eighteen newspapers are vying for the seven awards in both daily and weekly categories: (Daily) The Freeman, Mindanao Times, Sun.Star Pampanga, Sun. Star Cebu, Sun.Star Baguio, Sun.Star Davao and Cebu Daily News; (Weekly) Sunday Punch, Eastern Visayas Mail, BusinessWeek Mindanao, The Ilocos Times, The Bohol Chronicle, The Mindanao Cross, Baguio Chronicle, Davao Catholic Herald, Pahayagang Balikas, West Leyte Weekly Express, and Baguio Midland Courier. This year’’s event is supported by Nickel Asia C or p or at i on ( NAC ) as pr i nc ip a l p ar t ne r, and sponsored in part by National Commission on Culture and t he Ar ts (NC CA), PhilHealth, Bayer, Land Bank of the Philippines, Philippine Veterans Bank, Holcim Philippines,

Republic of the Philippines Province of Misamis Oriental Municipality of Initao -oOoNOTICE TO THE PUBLIC CCE-2016 R.A. 10172 (Migrant Petition to: Pastrana, Leyte)

Date: June 13, 2016

In compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of the Administrative Order No. 1 Series of 2012 (IRR on R.A. 10172), Notice is hereby served to the public at MILQUIADES D. MINGOY has filed with this Office, a petition for change of first name from “ “ to “ “ and correction of entry in sex from “ “ to “ “ or correction of entry in the date of birth from “JULY 25, 2954” to “JULY 22, 1954” in the certificate of live birth of MELQUIADES D. MINGOY at Pastrana, Leyte and whose parents are JULIAN MINGOY and SIMEONA DAYATA. Any person adversely affected by said petition may file his written opposition with this Office not later than July 1, 2016. (Sgd.) ISAIAS A. JARALES Municipal Civil Registrar BWM: June 15 & 22, 2016

Republic of the Philippines Local Civil Registrar Office Province of Lanao del Norte Municipality of Lala NOTICE OF PUBLICATION In compliance with Section 5 of RA Act No. 9048, a notice is hereby served to the public that Florie Sanchez Asis has filed with this office a petition for Change of First Name from Flordevires to Florie in the birth certificate of Flordevires Sanchez who was born on January 22, 1952 at Daromawang, Lala, Lanao del Norte and whose parents are Eugenio Sanchez and Ines S. Salapan. Any person adversely affected by said petition may file his written opposition with this office not later than 15 days. (Sgd.) MARICHU M. SANCHEZ, MBA, MA. Municipal Civil Registrar BWM: June 8 & 15, 2016

Oceana Philippines, Plan International - Philippines, PAGCOR, Isuzu,Vera Files, Malaya Business Insight, Philippine Daily Inquirer, Journal Group, The Philippine Star, BusinessWorld and Manila Standard Today. The PPI is the countrys premiere print media organization whose memberpublications rank among the best, most read and widely circulated newspapers in their respective regions (National Capital Region, Luzon, Visayas, and Mindanao). Its principal mandate is the defense of press freedom and the promotion of ethical standards for the professional development of the Filipino journalist. It was founded in 1964 but rendered moribund during martial law. It was re-activated after the EDSA Revolution and incorporated in 1987.

Advantage... from page 2

schools and colleges and now with negosyo centers. Meanwhile, DTI Misamis Oriental Provincial Director Ma.

Eliza A. Pabillore said this is very relevant to our SMEs especially those who will avail services of Negosyo Center considering that it contains a lot of information in technology that would be a resource to improve their business, their operation and also do possible innovation on their product as well as for research and development ne e ds . We e xp e c t a l ot of SMEs to benefit from STARBOOKS available in Negosyo Centers. Further, Negosyo Center in Cagayan de Oro city is continuing with its learning sessions which is three to four hours session which they do third and fourth week of the month together with their industry partners f rom t h e a c a d e m e an d industry associations. Pabillore said that learning sessions vary from st ar t-up ent repreneurs, would be entrepreneurs and existing entrepreneurs. Courses are modularized so that each group will have a curriculum to follow. F u r t h e r, N e g o s y o

OFFICE OF THE NOTARY PUBLIC VIRGILIO J. CABANLET Attorney-at-Law Cabanlet&Cabanlet Law Firm 2nd Floor, One Montecarlo Bldg. Corrales-Hayes Sts., Cagayan de Oro City COOPERATIVE BANK OF MISAMIS ORIENTAL Petitioner-Mortgagee, FILE NO. N-EJF-2016-009 -versus- Extra-judicial Foreclosure of Real Estate Mortgage SPS. ERLINDA and SALVADOR under Act. No. 3135 DELOS REYES Mortgagor/s. x---------------------------------------------/ NOTICE OF AUCTION SALE BY NOTARY PUBLIC Upon extra-judicial petition for sale under Act 3135, as amended in relation to Section 78 of Republic Act No. 337, as amended, filed by Cooperative Bank of Misamis Oriental represented by its President, MYRNA A. SESCON, Filipino, of legal age, married, and a resident of Cagayan de Oro City, as mortgagee in deed of Real Estate Mortgage dated March 15, 2011, executed by SPS. ERLINDA and SALVADOR DELOS REYES, Filipino citizens, of legal ages, and residents of Kauswagan, Cagayan de Oro City, to satisfy the mortgage indebtedness in the principal amount of P600,000.00, exclusive of accrued interest and/ or penalty charges, plus the stipulated interest and/or penalty charges accruing thereafter, attorney’s fees and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on August 2, 2016 between the hours at 9:00 o’clock in the morning and 4:00 o’clock in the afternoon, in front of the main entrance of Hall of Justice (City Tourism), the following property/ies together with all its/ their improvement/s, to wit:

“A parcel of Land, (Lot 2-A-5, Psd-10-007877) together with All the improvements found and to be introduced thereon, Situated in the Barrio of Kauswagan, City of Cagayan de Oro, Province of Misamis Oriental, Island of Mindanao, containing an area of TWO HUNDRED THIRTY ONE (231) SQUARE METERS, more or less, and covered by TCT No. T-78620”.

The Notice of Auction Sale by Notary Public will be posted for a period of sixty (60) days at the Cooperative Bank of Misamis Oriental Building and in the most conspicuous area of Cagayan de Oro City, namely, the City Hall, where the subject property/ies is/are located and where the auction sale shall take place. Prospective buyers and/or bidders are hereby enjoined to investigate for themselves the title/s to the said real property/ies and the encumbrance/s thereon, if any.

Cagayan de Oro City, 6 June 2016

(Sgd.) VIRGILIO J. CABANLET Notary Public Cabanlet and Cabanlet Law Firm 2nd Floor, One Montecarlo Building, Corrales-Hayes Streets, Cagayan de Oro City PTR NO. 2698962, 12-5-2014, CDO IBP NO. 945533, 12-5-2014, CDO Roll No. 24573 MCLE Compliance No. IV-0007666,9-11-12 Tel. No. (0822) 72-35-90 E-mail address: info@cabanletlaw.com

BWM: June 15, 22 & 29, 2016

Centers in Claveria and El Salvador are open. Both Negosyo Centers are already operating; courses being offered include skills t raining among ot hers. Pabillore said, this year they intend to launch six more Negosyo Centers in the other towns of Misamis Oriental particularly in Medina, Opol, Laguindingan, Lugait and two other municipalities. O n t h e ot h e r h a n d , Pabillore announced that D T I M i s a m i s O r i e nt a l

is already accepting applications for the Barangay Micro Business Enterprises (BMBE). She said they already issued s e ve r a l c e r t i f i c ate s for BMBEs and they continue to accept. B M BE s are bus i ne ss e nte r pr is e s e ng age d i n production, processing, or manufacturing of products, including agro-processing, a s we l l a s t r a d i ng an d services, with total assets of not more than P3 million. (JMOR/PIA10)

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF THE EXTRA-JUDICIAL SALE EJF FILE NO. 2016-183 Upon extra – judicial petition for sale under Act 3135 as amended by Act 4118 filed by HOME DEVELOPMENT MUTUAL FUND ( Pag-IBIG), as mortgagee against REYNALDO D. FRANCISCO married to ANITA L. FRANCISCO, as mortgagor, to which the indebtedness as of April 27, 2016, amount of ONE MILLION NINE HUNDRED TWENTY THOUSAND SEVEN HUDRED THIRTY ONE PESOS AND 87/100 (P 1, 920, 731.87) inclusive of interest and penalty charges, attorney’s fees and expenses of foreclosure, the undersigned will SELL TO PUBLIC Auction on July 6, 2016 at 10:00 o’clock in the morning at the entrance door Regional Trial Court Branch-23, City Tourism Hall, Cagayan de Oro City, to the highest bidder for cash or manager’s checks and in Philippine Currency, the following described properties, to wit; TRANSFER CERTIFICATE TITLE NO. 137-2011002560 A PARCEL OF LAND (Lot 6, Block 12, Psd-10-040101, being a portion of Lot, Blk 23,, Pcs-10-002317).Situated in the Barrio of Upper Carmen, Cagayan de Oro City, Island of Mindanao. Containing an area of ONE HUNDRED EIGHT (108) sq. meters more or less. All sealed bids must be submitted to the undersigned on the above-stated date, time and place. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers/bidders may investigate for themselves the title herein above described and encumbrances thereon, if any there be.

Done this May 30, 2016 in the City of Cagayan de Oro, Philippines. (Sgd.) RICO A. REMALIG Sheriff IV

BWM: June 8, 15 & 22, 2016

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 35 Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF SHERIFF’S NOTICE OF SALE EJF File No. 2016-118 Upon extra-judicial petition for sale under Act 3135 as amended, filed by BALIKATAN PROPERTY HOLDINGS, INC., Mortgagee/Assignee, with office at 23/F RCBC Savings Bank Corporate Center, 86th & 25 Sts., Bonifacio South, Bonifacio Global City, Taguig City, against OSCAR D. ESTORAS, Mortgagor, with known address at R.N. Chaves St., Cagayan de Oro City, to satisfy the mortgaged indebtedness which as of March 16, 2106, amounts to ONE HUNDRED NINETY FIVE THOUSAND SEVEN HUNDRED PESOS (P 195,700.00), inclusive of interest, penalty charges and expenses in incidental thereto plus the expenses of the foreclosure, the undersigned sheriff will sell at public auction on July 6, 2016, at 10:00 o’clock in the morning or soon thereafter at the Regional Trial Court, Branch 25, City Tourism Hall, City Hall Compound, Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency , the property mentioned in the said mortgage which is described as follows: TRANSFER CERTIFICATE OF TITLE NO. T-93538 “A PARCEL OF LAND (Lot 7, Block 4, Pad-104305-018798), being a portion of Lot 3656, Cad-237, Cagayan Cadastre) situated in the Barrio of Iponan, City of Cagayan de Oro, Island of Mindanao. Bounded on the E., along line 2-3 by Road Lot 7; on the S., along line 3-4 by lot 9; on t he W., along line 4-1 by lot 8 on the N., along line 1-2 by Lot 5, all of the same block of the subd., plan Pad104305-018798, containing an area of EIGHTY SIX (86) SQUARE METERS, more or less, include all the improvements existing thereon. Registered in the name of OSCAR D. ESTROSAS.” All sealed bids must be submitted to the undersigned on the above-stated date, time and place. In the event the public auction, should not take place on the said date for whatever reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers/bidders may investigate for themselves the title of the herein above-described property and encumbrances thereon, if any there be.

Cagayan de Oro City, May 27, 2016.

FOR THE EX-OFFICIO PROVINCIAL SHERIFF:

BWM: June 8, 15 & 22, 2016

(Sgd.) LOVE M. VERDABERO Sheriff IV

BusinessWeek MINDANAO

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

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

wednesday|June 15, 2016

Brace... from page 1

She even cited the case of Sta. Cruz, the town in Davao del Sur south of the city, as an example of a local government that was able to prepare itself for the entry of investments. She said the town’s officials, “were able to portray themselves as corporate leaders by providing mechanisms that help investors in setting up their businesses.” The town is host to several big investments, particularly the brewery of San Miguel Corp., Franklin Baker Co., and Pryce Gases, Inc. It even shares with the city the area where the 300-megawatt coal-fired power plant of the Therma South, Inc. is located. Ms. Ferrero said the c o mp a n i e s d e c i d e d t o settle in the town because its government was able to prepare it for new businesses, providing them incentives as well as the needed assistance that they need in setting up their businesses. Leaders of the business sector said that aside from providing better business climate, local chief executives must be able to portray themselves as people who are ready to welcome businesses instead of looking at them as possible source of funds. Chairman of the Mindanao Business Council Vicente T. Lao, who also operates an agribusiness company in Sta. Cruz, said that companies usually look for the profitability of their businesses instead of considering the presence of incentive codes. “To investors, incentive codes are secondary. What matters most is that areas have officials who help businesses set up their investments and help them grow,” Mr. Lao told BusinessWeek Mindanao earlier, adding that no matter how good the incentives are, investors usually look for stability as well as security of the place. In terms of incentives, Ms. Ferrero said the city is considered the model because it has its incentives code as well as the very agency that provides assistance to investors, the Davao City Investment Promotion Center (DCIPC). “ The creation of the DCIPC makes the city a model for investment because it has an arm that guides investors on how to go about their investments,” she explained. T h e c e nt e r, c re at e d through the establishment of the Davao City Investment Code, or City Ordinance 2269, in 1994 and serves as the body that supervises investments in the city. MinDA two years ago decided to look into whether local government units had investment codes and found out that only a few had. Ms. Ferrero said the agency is helping others establish their codes. At the same time, the

agency joined hands with the Philippine Business for Social Progress in launching a program helping both the investors and the localities start investments. Through the inclusive growth programs, investors are assisted in identifying areas suitable for their investments, while localities are helped in looking for investors.

Rises... from page 1

graced the ribbon-cutting and blessing of model houses on Sunday, described the occasion as “auspicious” and one that could further elevate Johhdorf ’s stature in the real estate business, “because the location is just about perfect.” Montierra is built in the city’s uptown district, along South Diversion Road in Upper Balulang,which is also home to various subdivisions and villages, schools, and business establishments. In his speech, Moreno said that with the sad experience of Typhoon Sendong, the people seemed prefer to go uptown. He likened the city to Intramuros’ development, crossing Pasig River to Escolta in the 1960’s and was the finance center then. “Now, we are seeing an expansion of Cagayan de Oro, and the expansion is not just a plan, we are seeing it,” Moreno said. The city mayor recalled that three years ago the ai r p or t at Lumbi a w as transferred to Laguindingan in Misamis Oriental, due to three major concerns: short

runway, it is on a plateau, and in the middle of rugged mountainous terrain, thus navigational signal is poor. S om e ye ar s a go, an expansion program was put in place. “With [the help of ] UN Habitat, the city embarked on a development plan to re-develop [Lumbia area] into a “new city” through the Planned City Expansion (PCE),” Moreno said. This is mainly because the UN Habitat considers Cagayan de Oro as one of the eight “emerging cities in the world, Moreno said. Moreno said the UN Habitat had helped the city government in urban planning that results to more property developments in the city. “ Un f o r t u n a t e l y, o r fortunately, only time can tell, Lumbia airport has to be used by the Philippine Air Force,” Moreno said. Historically, according to Moreno, development is not planned by governments. It has always been private sector-led. He said local governments provide a development plan for the private sector to pursue. Moreno said the city government remained bullish about Lumbia and Upper Balulang areas as gateway to central and southern Bukidnon. Moreno said a national highway will soon traverse along Lumbia via Talakag which will become a vital link between Bukidnon and Iligan City. Also, the Valencia-Iligan road project

Republic of the Philippines REGIONAL TRIAL COURT 10TH Judicial Region BRANCH 26, Medina, Misamis Oriental -oIN THE MATTER OF THE PETITION 329-M FOR CORRECTION OF ENTRY IN THE RECORD OF BIRTH OF MERIE JOY TRABAJO y PANGITAN IN THE CIVIL REGISTRY, CHANGING HER FIRST NAME FROM MERIEJOY TO MERIE JOY And her LAST NAME FROM TRABAHO to TRABAJO, MERIE JOY P. TRABAJO, Petitioner, - versus -

Output... from page 2

prices. In terms of the sufficiency level, the total corn produced only met 64 percent of the region’s requirement during t he qu ar te r w h i le r i ce sufficiency stood at only 74 percent. The production of coconut, which is sensitive to a dry spell, also contracted during the quarter. The volume of matured nuts produced went down by 1.94 percent while green nut by 1.07 percent. The biggest drop was again registered in Bukidnon. With the decline in production, the prices of copra increased by 19 percent to P35.21 per kilo. It also caused the export of coconut commodities to decline by 11 percent in terms of volume and nine percent in sales reaching only US$115.35 million from US$130.80 million year-on-year. The brunt of El Nino on the agricultural industry also affected the region’s other development indicators. Employment rate decreased by 0.2 percentage points from 94.8 percent in January 2015 to 94.6 in January 2016. The decline in the employment rate, amidst the decline in the labor force, resulted to a 5.5 percent reduction in the total employment in the region.

SP. PROC. NO.

Petitioner through counsel filed a verified petition for correction of entries in the records of birth of Merie Joy P. Trabajo, particularly correcting the entry for her first name from “Meriejoy to Merie Joy” and her last name from “Trabaho to Trabajo”. Finding said petition sufficient in form and substance, the same is hereby given due course. The petitioner is hereby directed to cause this Order to be published once a week for three (3) consecutive weeks in a newspaper of general circulation in the Province of Misamis Oriental at her own expense. Let copies of this Order be posted in three (3) conspicuous public places, such as the Bulletin Boards of the Sugbongcogon Municipal Hall, the Office of the Local Civil Registrar of Sugbongcogon, Misamis Oriental, and this Court. This case is set for hearing on October 6, 2016 at 8:30 a.m. at the Session Hall of this Court. The Local Civil Registrar and any person having or claiming any interest under the entry whose cancellation or correction is sought may, within fifteen (15) days from notice of the petition, or from the last date of publication of such notice, file his/her opposition thereto. SO ORDERED. Done in Medina, Misamis Oriental, this 24th day of May 2016. (Sgd.) DAN R. CALDERON Presiding Judge

OFFICE OF THE CLERK OF COURT & EX-OFFICIO SHERIFF

Upon Extra-Judicial Petition for sale under Act 3135 as amended by Act 4118, filed by ORO INTEGRATED COOPERATIVE., with principal address at Yacapin- Tiano Sts., Cagayan de Oro City, against SPS. GODOFREDO M. CABANA and ADELINA CABANA of Brgy. 26, Gingoog City, Misamis Oriental, to satisfy the Mortgage indebtedness which as of April 26, 2016 have amounted to SIX HUNDRED NINETY SIX THOUSAND TWO HUNDRED TEN PESOS AND 36/100 (Php 696,210.36) excluding liquidated damages and other charges and excluding foreclosure expenses and other fees incurred in the foreclosure proceedings, the undersigned Sheriff will sell at public auction to the highest bidder for CASH on August 1, 2016 at 8:00 o’clock in the morning to 4:00 o’clock in the afternoon at the Office of the Clerk of Court, Regional Trial Court, Dugenio St., Gingoog City, the following properties with all the improvements existing thereon, to wit: ORIGINAL CERTIFICATE OF TITLE NO. 5359 A PARCEL OF LAND (Lot No. 1659, Cad 295) beginning at a Point marked “1” of Lot 1659 of the Cadastral Survey of Gingoog, Being N. 77-01’E., 6958.23m form BLLN No. 1, Cad-295, thence N. 52-01’E., 19.69m to point 2; S. 50-37’E., 29.98m to point 3; S. 41-42’W., 50.85m. to point 4; N. 36-57’W., 32.91m to point 5; N. 38-40’E., 23.63m. to point 1, point of beginning. Containing an area of ONE THOUSAND FIVE HUNDRED AND TWENTY (1,520) SQUARE METERS All sealed bids must be submitted to the undersigned on the above stated date and time. In the event the public auction should not take place on the said date, it shall be held on the next working day without further notice, posting and republication The prospective buyer/s may investigate for themselves the title of the herein described property/properties and the encumbrances thereon, if any there be.

Gingoog City this 31st day of May 2016.

FOR THE EX-OFFICIO SHERIFF

BY: (Sgd.) FLORA C. PEREZ Sheriff IV RTC-Branch 43 Gingoog City BWM: June 8, 15 & 22, 2016

Clarete noted that the bi g g e s t re du c t i on w a s recorded in the Agriculture sector, where employment was reduced by 23 percent from 849,000 employees in 2015 to only 654,000 in January 2016. (APB/PIA-10)

Piso... from page 3

and Seoul are also in sale with base fare from as low as P949 only. “ T h e e x c i t e m e nt i s building up for Philippines AirAsia with the launch of our newest Manila-Shanghai route last June 10 and with our latest red hot piso fare, now is the perfect opportunity to explore the best of the Philippines and enjoy the seamless connectivity of AirAsia Group’s massive network,” Philippines AirAsia Commercial Head Gerard Penaflor said. AirAsia strongly encourages guests to prebook baggage allowance at the time of flight booking to enjoy the lowest rates. Guests can also use pre-book or add baggage allowance using the Manage My Booking function on AirAsia.com up to 4 hours before departure. Guests are reminded that each passenger is only allowed one piece of carry-on cabin baggage that must be at most 36cm (h) x 23cm (w) x 56cm (l) and weigh no more than 7kg. DEED OF EXTRA-JUDICIAL SETTLEMENT AND PARTITION OF THE ESTATE CHITO JOSE R. ZAYAS

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 43 Gingoog City

NOTICE OF EXTRA-JUDICIAL SALE File No. 218

LOCAL CIVIL REGISTRAR OF THE MUNICIPALITY OF SUGBONGCOGON, MISAMIS ORIENTAL, Respondent. x-----------------------------------------------/ ORDER

BWM: June 1, 8 & 15, 2016

i s c u r re nt l y u n d e r w ay traversing Brgy. Bisigan. Meanwhile, Don CarlosKalinlangan-Pangantukan, all in Bukidnon, will be connected to Bumbaran and Wao, Lanao del Sur, to Lumbia, passing through Talakag. The supposedly eighthour travel from Bumbaran and Wao to Marawi City will be shortened by no less than three hours. “Lumbia area is going to be a growth area, not only because it is safer from (Sendong-like devastation), but it is also the gateway to neighboring growth areas,” Moreno assured. Moreno attributed this added developments to Johndorf ’s CEO Richard Lim, and wife, Norma Lim, who is also JVC executive vice-president. Moreno said the couple were on the right track in real estate development. He said their investments were worth it in terms of value in the long term. “Thank you for giving t he vote of conf idence for Cagayan de Oro and N o r t h e r n M i n d a n a o ,” Moreno told the Lim’s couple. For his part, Mr. Lim said Montierra is expected to set the benchmark of what affordable living truly is with these well-planned and innovative amenities and facilities.

2014 ppi’S Best in ENVIRONMENTAL Reporting

Notice is hereby given that the intestate estate of the late CHITO JOSE R. ZAYAS died on June 2, 2015, single & without any issue left 3 PARCELS OF LAND and survived and succeeded by the only heirs and successors since SPS. ERLINDA RESPETOZAYAS died Nov. 13, 2014 and SULPICIO L. ZAYAS died on Feb. 21, 2008, that the remaining two children & siblings namely: MA. CAROLYN R. ZAYAS and CELESTE R. ZAYAS as the only successive heirs. That upon his death he left (2 PARCELS) located in Sta. Ana, Tagoloan, Misamis Oriental and (1 PARCEL) located in Hinaplanan, Claveria, Misamis Oriental, particularly described as follows: • TCT NO. C-8648 located at Sta. Ana, Tagoloan, Misamis Oriental containing an area of TWENTY THREE THOUSAND NINETY EIGHT (23,098) SQ.M., • TCT NO. T-37847 located in the Barrio of Sta. Ana Misamis Oriental containing an area of FOUR THOUSAND THREE HUNDRED FORTY NINE (4,349) SQ.M • TCT NO. C-11027 located at Hinaplanan, Claveria, Misamis Oriental containing an area of THIRTY THOUSAND (30,000.00) SQ.M more or less. That the above –mentioned living heirs of CHITO JOSE R. ZAYAS hereby agree to adjudicate and assigned between themselves the following: CELESTE R. ZAYAS shall be given and assigned with the 1st parcel and 2nd parcel; and MA. CAROLYN R. ZAYAS shall be given and assigned with the 3rd parcel is the subject of DEED OF EXTRAJUDICIAL SETTLEMENT AND PARTITION OF THE ESTATE CHITO JOSE R. ZAYAS under Notary public ATTY. JUVY IND V. ARUBIO., per doc. No. 366; page No.74; book No. 4; series of 2015 BWM: June 8, 15 & 22, 2016

BusinessWeek MINDANAO ing motor

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS NEWSPAPER wednesday | june 15, 2016

2014 ppi’S Best in ENVIRONMENTAL Reporting

Motoring Editor: GILBERT Y. CHAO

Suzuki and TOTAL to give away 3 Ciaz units

uzuki Philippines and TOTAL Philippines are poised to make this summer unforgettable for their customers with a raffle promo that will give away 3 units of the all-new Suzuki Ciaz. Recently launched in the Philippines, Suzuki Ciaz is the biggest subcompact sedan in its category and is packed with best-in-class fuel efficiency and other advanced features coupled with a sporty, elegant exterior design and redefined interiors. Whether a family man, an adventurous person, a young professional or a person with an active lifestyle, everyone will find the Ciaz perfect for his or

her needs. The partnership between Suzuki, which is a leading manufacturer of compact vehicles and TOTAL, one of the largest integrated oil and gas companies in the world, gives loyal customers a chance to drive their dream car. Every P500 worth of fuel purchase at participating TOTAL gas stations from April 15 to July 15, 2016entitles the customer to get one (1) raffle coupon. During the raffle draw, three lucky customers will be chosen to each bring home a Suzuki Ciaz GLX A/T car. “Suzuki has established its reputation for quality, versatility and innovation and has created a heritage of trust and reliability.

Partnering with TOTAL will help us bring the brand closer to its customers and to let those customers experience one of our best-in class vehicles, the all-new Ciaz. This collaboration

with TOTAL Philippines affirms our commitment to share the Suzuki Way of Life to a larger market. With this, we would like to encourage everyone to go to the nearest TOTAL gas station to get a chance

to win an all-new Ciaz.” said Shuzo Hoshikura, General Manager of Suzuki Philippines for Automobile. For more information on the promo and other exciting deals from

Suzuki Philippines, please visit http://suzuki.com. ph/auto/ and like us onwww.facebook.com/ SuzukiAutoPH, https:// twitter.com/SuzukiAutoPH and follow on Instagram at @suzukiautoph.

Big things come in small packages – Suzuki Celerio CVT

When it comes to small economy cars, Suzuki seem to know their stuff. Case in point, the all-new Celerio. The new Celerio not only offers fuelefficiency, you get a bit of performance as well. This little car is powered by an equally tiny 998 cc three-cylinder DOHC

12V K10B engine which produces 67 hp @ 6000 rpm and 90 Nm @ 3500 rpm. Such modest figures endow the 1260-kilogram Celerio perky acceleration, making it ideal in urban setting. As expected of a car in this category, the Celerio is quite fuel efficient. It is able to

achieve an average of 10.3 kilometers per liter in city traffic and around 12.9 kilometers to a liter on the highway (with a heavy foot on the pedal). However, if you would rather have a fun car rather than a frugal one, press the Sport Mode button on the gear shift lever and squeeze every bit of

grunt from the threebanger power plant. The Celerio will fit five average-sized adults comfortably and the doors open wide to allow easy entry. The cabin also has plenty of headroom to give the occupants a more spacious feel. The modest luggage space at the back

offer a decent 254-liter capacity which can take two large suit cases. Fold the rear seats and you’ll be able to throw in a significant amount of cargo. At P 549, 000, you get dual airbags, side-impact beams and ABS. You also get a defogger, immobilizer and keyless entry system.

Most buyers shy away from small cars because they are believed to be best suited only for female drivers. Yet, everyone appreciates a car which offers safety, fuel efficiency and good value for money. Besides, there is certainly nothing girly about the way the Celerio drives.

BusinessWeek MINDANAO

THE

FOUR-WAY

TEST

of the things we think, say or do

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

ROTARY

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

Rotary Club of Carmen Valley induction and turn-over set wednesday | JUne 15, 2016

By Cheng OrdoÑez, Executive Editor, BWM

AGAYAN DE ORO CITY -- The Rotary Club of Carmen Valley is graced, Thursday, June 16, 2016, by the presence of the head of the Professional Regulatory Board of Real Estate Services (PRBRES) of the Professional Regulation Commission (PRC) during its 37th Joint Induction of Officers and Turn-over Ceremonies for RY 20162017, at Cattleya Hall, N Hotel, here. Susan delas AlasLonkey is the Incoming President for RY 20162017. The theme for the ocassion is “Rotary

Susan d. lonkey Club President Rotary CLub of Carmen Valley

HON. EDUARDO G. ONG, PHD, DPA, DBA Guest Speaker

Serving Humanity” and Eduardo G. Ong, chairman, Professional Regulatory Board of Real Estate Services, Professional Regulation Commission (PRC), is the guest speaker. Ong was the Immediate

Past President of the Philippine Association of Professional Regulatory Boards, Inc. Apart from that he was also former chairman for Education, Philippine Chamber of Commerce and Industry, president of the Philippine

DGE Miriam Ruth ‘Jing’ D. Dela Calzada, Inducting Officer

PDG Fe ‘Bing’ R. Juarez, Charging Officer

PDG Rhia Rita ‘Rhia’ Y. Abalos, Inducting Officer

PDG Manuel ‘Manny’ U. Along, Charging Officer

PDG Teresita ‘Tess’ R. Navales, Inducting Officer

DGN Rosalinda ‘Linda’ R. Deleste, Charging Officer

Council of Deans and Educators in Business, and chairman for Continuing Professional Development Council for Real Estate PRC. Dr. E.G. Ong is a highly respected management and real estate consultant, educator and licensed real estate professional who has carved a name in the academe, business and industry arena. He has a Bachelor’s

degree in Commerce, Master’s degree in Business, a Law degree and three Doctoral courses to his credit (Doctor. of Philosophy, (PhD) - Magna Cum Laude; Doctor of Public Administration (DPA) – Academic Excellence and Doctor of Business Administration (DBA) – Academic Excellence. He is presently completing his academic requirements for

his 4th doctorate degree ( PhD in Criminology). Dr. Ong has a successful career in real estate and business for the past three decades. He was topnocher in the Real Estate Consultants and Brokers examination given by the Department of Trade and Industry (DTI). In the real estate front, he was former President of Pasay Makati Realtors Rotary/PAGE B3

City welcomes entry of tallest hospital By MARK FRANCISCO

MAYOR Oscar Moreno on Sunday personally congratulated Allied Care Experts Group founding chair Dr. Amado Enriquez on the groundbreaking of the latest branch of

his hospital chain in the city. Enriquez, who also serves as chair of the board of the newly-created ACE Medical Center Cagayan de Oro, is also hospital/PAGE B3

Mayor Oscar Moreno welcomes Allied Care Experts Group officials and other stakeholders which include founding chair Dr. Amado Enriquez (second from left, seated), Department of Health (DOH) 10 director Nimfa Torrizo (third from left) and vice-president Dr. Ferdinand MIranda (fifth from left). PHOTO BY MARK FRANCISCO

BusinessWeek MINDANAO

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

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

2014 ppi’S Best in ENVIRONMENTAL Reporting

wednesday|June 15, 2016

AIRASIA RED HOT PISO FARE IS BACK! * 3 million promo seats to all AirAsia and AirAsia X destinations * Book online from 13 to 19 June 2016 for travel between 4 January to 21 August 2017

AirAsia is giving away up to 3 million promotional seats in

the latest Red Hot Piso Fare campaign across its entire

short and long-haul network. Starting from a

base fare* of P1.00 only, excluding taxes and fees, guests can fly to/from Manila, Davao, Kalibo/ Boracay, Tacloban, Tagbilaran/Bohol, Cebu and Palawan in the Philippines while international flights from Manila to Shanghai, Macau, Hong Kong, Kota Kinabalu, Kuala Lumpur and Seoul are also in sale with base fare from as low as P949 only. The promotional seats are available for booking from 13 to 19 June 2016 for the travel period 4 January to 21 August 2017 on AirAsia.com and mobile app. Flights to any of the more than 120 destinations in 24 countries served by AirAsia and AirAsia X are also included in the promo sale. Philippines AirAsia Commercial

Head Gerard Penaflor said, “The excitement is building up for Philippines AirAsia with the launch of our newest ManilaShanghai route last June 10 and with our latest red hot piso fare, now is the perfect opportunity to explore the best of the Philippines and enjoy the seamless connectivity of AirAsia Group’s massive network.” Guests can take advantage of the FlyThru service from Manila, Cebu and Kalibo to seamlessly connect to any destination in AirAsia’s network within one stop via multiple transit hubs, without having to pass immigration and with their baggage checked through to the final destination. AirAsia strongly

encourages guests to pre-book baggage allowance at the time of flight booking to enjoy the lowest rates. Guests can also use pre-book or add baggage allowance using the Manage My Booking function on AirAsia.com up to 4 hours before departure. Guests are reminded that each passenger is only allowed one piece of carry-on cabin baggage that must be at most 36cm (h) x 23cm (w) x 56cm (l) and weigh no more than 7kg. Keep updated with AirAsia’s latest promotion and activities via twitter (@AirAsiaPH), Facebook(facebook. com/ AirAsiaPhilippines), Instagram (@ AirAsiaPh), and on Viber public chat (@ AirAsiaPh).

BusinessWeek MINDANAO

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

2013 ppi’S Best in Business and Economic Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

wednesday|June 15, 2016

Rotary... from page B1

Board (PMRB), National President of the Philippine Association of Realtors Board (PAREB), former President of Philippine Association of Realty Consultants and Specialist (PARCS), former President of the Philippine Council of Real Estate Educators and former Secretary General of the Realty Service Council of the Philippines, former President of CREBA Research Institute. Dr. Ong was former Vice President for Academic Affairs of Chamber of Real Estate Builders & Associations and an honorary member of the National Real Estate Association (NREA). In business and industry, Dr. Ong is an active Officer of the Philippine Chamber of Commerce and Industry having occupied various positions through his twenty years stint in the chamber movement. He was former local chamber President, Governor, Vice President for NCR, Treasurer, Executive Director, Vice President for Internal Affairs, Vice President for Education Training, Science and Technology and Chairman for education of PCCI. He is likewise a director and practicing mediatorarbitrator of the Philippine Dispute Resolutions Center ; former President of the Capital Market Institute of the Philippines and Corporate Secretary of the United Nations Association of the Philippines. Charter President of the Rotary Club of Makati Salcedo. Likewise, an active member of the Management Association of the Philippines. Dr. Ong founded the Corporate Link Management Group of Companies with business interests in Manpower and Management Services, Promotions and Marketing, Real Estate Brokerage and Consultancy and Training and Development Services. Currently, Dr. Ong is the Managing partner of MOA Consulting, Philippines, a Management consulting firm engaged in general business consultancy in the areas of Human Resource Management, Finance, Marketing, Production and Operations Management catering to private and public enterprises. In the academic field Dr. Ong held the positions of Professor, Dean of Business Administration and Vice President for Academic Affairs of leading universities in Metro Manila. Presently, he is a Consultant of two academic institutions in Metro Manila and teaches in the Graduate

Schools of UST, UE, PUP and TUP. Dr. Ong sat in the board of regents of two State Universities in Manila; former Regent of St. Paul University System Philippines and currently teaches in the graduate schools of the University of Santo Tomas and University of the East. Dr. Ong’s advocacy in education and training earned him a position as Board Member of the Technical Education and Skills Development Authority and Chairman of the Technical Panel for Business, Public Administration, and Real Estate Management of the Commission on Higher Education (CHED). He is President of the Philippine Council of Deans and Educators in Business (PCDEB) for SY 2014 – 2015. Dr. Ong is the Vice President of the UST Graduate School Alumni Association. A prolific writer and researcher, a former columnist of Philippine Daily Inquirer, Dr. Ong has published six books on Real Estate Marketing; Human Resource Management, Economics, Sociology, Asian Civilization, and Research Methodology. He was also a TV anchor/host on the show Entrepinoy and Pilipinas Ngayon aired at IBC 13. He is likewise recipient of various awards and recognitions notably the prestigious Diplomate in Business Education; Fellow in People Management; and last April 17, 2015 was conferred diplomate in Real Estate Management. given by respectable institutions in the Philippines and abroad. He was awarded the Most Outstanding Citizen of Malabon; Outstanding Alumnus of UST College of Commerce and the UST Graduate School during its Golden Anniversary; Outstanding Father of the Year, Outstanding Rotarian, and Outstanding Realtor of the year and Outstanding Business Educator in the Field of Finance awarded in March 2010. In 2011 he was conferred the prestigious ORAS award for excellence and In 2012 he was awarded as one of the “Exemplary Men of Influence” together with former President Fidel V. Ramos. In October 2013 was awarded most outstanding alumnus of the UST College of Commerce & Business Administration in the field of Education. Dr. Ong was appointed by the President of the Philippines as the 1st Chairman of the Professional Regulatory Board of Real Estate Service (PRBRES) under the Administrative control of Professional Regulation Commission (PRC)

tasked to implement the provisions of Real Estate Service Act (R.A. 9646), in charge of licensing and regulation of the Real Estate Service Practice in the Philippines. He is also the immediate past President of the Philippine Association of Professional Regulatory Board Members Inc. (PAPRB), an organization of 46 regulated professions under the of Professional Regulation Commission (PRC). He was overall Chairman of the 2012 PRC 1st Professional Summit that tackled the issues on Nation Building and Global Competitiveness of Professionals. Furthermore he sits as Chairman of the Continuing Professional Education Council (CPE), for the Real Estate Service Profession. Recognized by media and other professional organizations as the acknowledged Father of Philippine Real Estate & Business Education likewise the father of “Good Morning Real Estate”, greetings accorded to Real Estate Professionals, signifying that it will always be sunshine in Real Estate Industry.

Hospital... from page B1

set to lead the groundbreaking rite of the ACE Medical Center Zamboanga this Saturday. In an exclusive interview with this paper, the visionary physicianentrepreneur said his goal is to emancipate medical professionals from the limitations of their practice and transform them into persons who can realize their full potentials. “Investing in a hospital means you take ownership of it. It will be owned not by traditional businesspeople but it will be owned by us, professionals in the medical practice,” Enriquez said. Along this line, Enriquez predicted that there will be a surge of a younger generation of college students here in Mindanao who will take up Medicine because anybody can invest in the shares of ACE Medical Center Cagayan de Oro at a very reasonable cost. “This is intended for everyone in the medical profession here. We can say proudly to the public that we give them excellent quality service since the hospital is owned by the doctors themselves,” he reiterated. The ten-storey ACE Medical Center Cagayan de Oro will rise along Rosario Drive, Cagayan de Oro City. It is expected to be operational in 2018. It is said to be the tallest of its kind in Mindanao.

2014 ppi’S Best in ENVIRONMENTAL Reporting

ROTARY CLUB OF CARMEN VALLEY ROSTER OF MEMBERS MEMBER

CLASSIFICATION

1. RTN Agnes ‘Ness’ T. Abarrientos

Commercial Banking

2. PP Henry ‘Hen’ A. Abrillo

Furniture Manufacturer

3. RTN Odilon ‘Apols’ A. Apolinario

Travel & Tours Agency

4. CP Romulo ‘Romy’ L. Basañes

Management Consultancy

5. RTN Estrella ‘Star’ B. Camaro

Fire Extinguisher Manufacturer

6. RTN Cyril Francis 'Cyr' S. Casiño

Life Insurance

7. RTN Caesar Rey ‘Rey’ Chico

Electrical Supplies Distribution

8. RTN Edico ‘Echo’ Chiong

Online Teaching

9. RTN Freddie Ray ‘Fred’ R. Cornella

Web & Graphic Designing

10. VPE Eddie ‘Ed’ C. Cuaresma

General Law Practice

11. RTN Mario ‘Mar’ P. Cuarez, Jr.

Auto Repair Services

12. PE Susan Delas Alas-Lonkey

IT/Real Estate Service

13. PP Joseph ‘Joedee’ G. Denosta

Poultry, Contract Growing

14. RTN Joseph ‘Butch’ B. Dioso

Philippine National Police

15. AGD Jose Antonio ‘Toni’ D. Estrella

Non Life Insurance

16. RTN Armando ‘Armand’ Fulache

IT Infrastructure

17. PP Gaspar ‘Jun’ D. Gonzales, Jr.

Water Management Consultancy

18. RTN Yeon Jun Kim

Automotive Services

19. RTN Jairo ‘Jai’ M. Ladera

General Law Practice

20. Pres. Joyce ‘Joy’ O. Libot

Life Insurance

21. RTN John G. Lim

Construction Supplies

22. PP Emma ‘Mimi’ L. Lim Lo Suy

Petroleum Distribution

23. VP/PN Homer ‘Hom’ A. Mabale

General Law Practice

24. PP Dale Bryan ‘Dale’ D. Mordeno

Corporate Law Practice

25. PP Homer ‘Mer’ V. Naval

Beauty-Dental Products Supplier

26. PAG Andrew ‘Drew’ D. Neri

Property Management

27. RTN Jose ‘Joe’ P. Palabao

Media Services

28. PP Wilson ‘Wil’ F. Paras

Mechanical Engineering

29. PAG Luis Ramon ‘Boc’ M. Pineda

Funeral Services

30. RTN Jane Byzallel ‘Byza’ G. Quirante

Commercial Banking

31. PP Edgar ‘Ed’ J. Rulona

Manpower & General Services

32. PP Chu Eng ‘Ben’ L. Sy

Aluminum Products Manufacturer

33. PP Edgardo ‘Bobo’ K. Sytiongsa

Real Estate Development

34. PD Caesar 'Boyen' L. Tacbas II

Real Estate Broker

35. RTN Pastor ‘Pat’ J. Trimor, Jr.

Appellate Law Practice

36. PP Rudolfo ‘Rudy’ D. Uy

Criminal Law Practice

Pinakalami-an!

DALTAN’S KAMBINGAN Kambingan, Bulalohan, Native Manok, Seafoods, Chicken Inasal, Halal. Tiano Corner JR. Borja St. | OPEN 24 HOURS!

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

wednesday|June 15, 2016

Media partners: