BusinessWeek Mindanao (June 2-3, 2016)

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BusinessWeek MINDANAO

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YOUR Mindanao-wide BUSINESS paper

Volume VI, No. 145

Market Indicators As of 5:10 pm june 2, 2016 (thursday)

FOREX

PHISIX

US$1 = P46.72

7,523.82

5.1

X X Briefly

cents

23.03 points

IP budget ARGUING that the Indigenous Peoples (IPs) are considered the most vulnerable in the country nowadays, the Regional Development Council in Davao Region (RDC-11) has called on the national government agencies (NGAs) to allocate one percent of their budget in 2017 for programs and projects that will be devoted to the said sector. The National Economic Development Authority in the region (NEDA-11) said the IPs require the prime attention of government considering that the said sector still find it difficult to access government services. NEDA-11 regional director Maria Lourdes Lim said the call is a policy initiative of the council that will be integrated in the RDC11 fiscal year 2017 budget preparation guidelines.

Energy education center DAVAO City -- In an effort to make energy education become more accessible to the public, the Therma South Inc. (TSI) recently established the Energy Education Center (EEC) inside its 75-hectare property at the 300-megawatt Davao Baseload Power Plant in Bunigao, Toril, Davao City. The EEC, which opened last month, features interactive and informative displays on the energy sector and the Aboitiz Power Incorporated (AP). “Through this center, we hope to impart better understanding and appreciation on the energy sector, the AboitizPower group, and the technology that the TSI plant is utilizing,” said Sebastian Arsenio Lacson, TSI President and Chief Operating Officer in a statement sent to the media.

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NEA lowers lending rates for power cooperatives

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By MYRNA VELASCO, Contributor

OV E R N M E N T- r u n Nat i o n a l Electrification Administration (NEA) has trimmed down the interest rates for credit facilities it has been extending to electric cooperatives.

This was concretized through a Board Resolution recently approved and issued via the agency’s Board Credit an d R i s k Man a ge m e nt Committee. It was noted that the policy reduces both the interest charges for long and shortterm loans being offered to

the ECs, hence, making it more affordable for them to tap into credit windows that will help bankroll their projects and facility upgrades. NEA said the decision was arrived at “in consideration of cost components, opportunity cost and cost of money as well nea/PAGE 11

Balay Mindanaw honors outstanding barangays THE search for the most outstanding barangays in the Visayas and Mindanao finally came to a close on Friday (May 27) when the best four among the best communities in the region were given due recognition in the first-ever Balay Mindanaw Awards at the Centrio Mall in Cagayan de Oro City. Barangay San Vicente of Sumilao, Bukidnon, Barangay Lawaan of Gingoog City, Barangay Tawagan of Cagwait,

Surigao del Sur, and Barangay Pagangan of Aleosan, North Cotabato shared the mostcoveted distinction as the “Most Outstanding Barangay” after emerging on top of their respective categories. Home to the highlyacclaimed Sumilao farmers, B a r a n g ay S a n Vi c e nt e outshone the rest of the finalists in the Kaangayan Category (for communities with exemplar y local honors/PAGE 11

GROUND BREAKING.. Cebu Landmasters chief executive officer Jose Soberano III, executive vice president Marose Soberano, chief operating officer and senior vice president Jose Franco Soberano, Mayor Oscar Moreno and investment partner Jun Borromeo. PHOTO BY CHELSEA BIEN

Oca: Mesaverte’s entry a boon to CDO By CHENG ORDOÑEZ, Executive Editor and MARK FRANCISCO, Lifestyle Editor, with a report from IRENE DAYO, Contributor

MAYOR Oscar Moreno yesterday hailed the entry of Mesaverte Residences, a new condominium at the heart of Cagayan de Oro, and personally welcomed executives of its developer Cebu Landmasters. Speaking during the groundbreaking rites in the morning along its site at Osmeña Extension, Moreno said that the decision of Cebu Landmasters to invest

here is a testament to the growing confidence of entrepreneurs of a sound business and political climate in the city. “Prior to their entry here, I’m sure they have come up with feasibility studies and have deliberated thoroughly before coming up with their decision. And I’m certainly happy that they have entrusted their trust on us. They could have

invested elsewhere but no, they decided to put up here,” Moreno told the audience during the ceremony which included Cebu Landmasters chief executive officer Jose Soberano III. It was learned that Mesaverte Residences is Cebu Landmasters’ biggest investment so far outside Visayas. Established in 2003, Cebu Landmasters boasts of 20 real estate developments in its folio. All of them are mesaverte/PAGE 11

NUJP: Media corruption not justification for killing By ANTONIO L. COLINA IV, MindaNews

Balay Mindanaw Foundation, Inc. (BMFI) Founder, President and Chairman Emeritus Charlito “Kaloy” Manlupig with some of the BMFI pioneers who supported his Vision and Mission when he founded the organization 20 years ago. These are (L-R) Paul Richard Paraguya, former BMFI executive director; Ayi Hernandez, former BMFI executive director and current president and CEO of the Global Mindanaw Agri-Ventures Corporation (G-MAV); current BMFI Executive Director Rochelle “Bibing” Mordeno; Mabel Loyola, head executive assistant to the DAR regional director; Archbishop Antonio J. Ledesma, S.J., D.D.; former DAR Assistant Secretary and Philippine Development Assistance Program (PDAP) Executive Director Jose Noel “Butch” Olano; Arthur Neame, former senior programme officer for Southeast Asia of Christian Aid; and Victor Gerardo “Gerry” Bulatao, member of the Board of Directors of the Landbank of the Philippines.

DAVAO City – The National Union of Journalists of the Philippines (NUJP ) said it does not gloss over the fact that corruption is among the most pressing problems faced by the media and that this could be a reason for a number of media killings but “it is one thing to recognize a possible reason for murder; it is a totally different thing to present this as a justification for taking life.”

The NUJP issued the statement in reaction to President-elect Rodrigo Duterte’s statement in a press conference Tuesday night that most of the journalists who were killed were corrupt. “Just because you’re a journalist, you’re not exempted from assassination if you’re a son of a bitch,” Duterte told reporters at the “Malacañang of the South” in response to a query on his

policy on media killings. The NUJP has listed 176 journalists killed since democracy was restored in the country in 1986. Duterte said freedom of e x pre s s i on an d t h e Constitution itself will not shield journalists f rom being the subject of killing if they took advantage of their profession to commit a wrong against another. “ Yo u r f r e e d o m o f expression cannot help you if nujp/PAGE 11

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2 Steag extends support to senior high school YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

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VILLANUEVA, Misamis Oriental -- Energy-firm STEAG State Power Inc. is expanding its educational assistance to nine more students joining the 1st batch of senior high school in Villanueva town, Misamis Oriental. With this development, there are now 215 students getting financial and material support through the company’s Steag Power Students Award. The educational

assistance include provision of school supplies and monthly financial support to academically excellent grade school, junior high school, senior high school, and college students from Villanueva. SPI power plant manager Dr. Carsten Evers led the ceremonial send-off of the additional Steag Power Student Awardees in a recent courtesy visit to SPI’s power plant in Villanueva, Misamis Oriental. (SPI)

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

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

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

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

CORRALES BRANCH Corrales Ave., Cagayan de Oro City

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

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Oro solons okay agreement with DA for El Niño projects

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UPPORTING projects that will benefit farmers affected by the dry spell, the City Council of Cagayan de Oro during its regular session Monday enacted Ordinance No. 13070-2016, authorizing the city mayor to enter into and sign the Memorandum of Agreement (MOA) with the Department of Agriculture Regional Field Office No. 10. This will cover the procurement and distribution of seeds, pumps and engines, drugs and biologics under the DA project entitled “El Niño Phenomenon Assistance to the Local Government Unit.” Pursuant to the MOA, the

basis of implementation of the project is the report of damages of local government units on crops and livestock d u e t o E l Ni ñ o f r o m November 2015 until April 2016. The MOA provides that the DA shall transfer to the city the amount of P2,055,092 for the implementation of projects such as the provision of pump and engine set, hybrid corn seeds, OPV corn seeds, vegetable seeds and provision of drugs and biologics. It shall, likewise, extend technical assistance and updated technology to the farmer recipients or city government as needed, conduct regular monitoring and evaluation of the project,

among others. For its part, the city shall procure the items and supplies and cause the distribution to identified affected farmers. It s h a l l ke e p an d maintain financial records in accordance with accepted standard, principle and practices, ensure the satisfactory completion of the project based on the purpose, standards, specification and contract duration, among others. WITHOUT DELAY The City Council received the copy of the MOA last May 17, 2016. Councilor Tabor said on May 24, this was endorsed by the committee on agriculture and fisheries chaired by Councilor Annie Daba to

the committee on laws and rules for approval. It was immediately acted upon by the committee on May 26 and calendared as one of the items on May 30 regular session, he added. REQUIREMENTS In a letter to Mayor Oscar Moreno dated May 13, 2016, DA Regional Director Lealyn A. Ramos requested for the submission of the signed and notarized MOA, the City Council resolution authorizing the mayor to enter into agreement and masterlist of affected farmers with corresponding areas damaged for corn, rice, vegetables and livestock affected by the El Niño to facilitate downloading of funds. (CdeOSP)

DOH-ARMM warns public on dengue, water-borne diseases The Department of Health of the Autonomous Region i n Mu s l i m M i n d a n a o (DOH-ARMM) has advised residents in the region to take precautionary measures against dengue and waterborne diseases now that the wet season has officially started. Christine Joy Capin, D OH - A R M M a s s i s t ant program coordinator for dengue prevention and control and food and waterborne diseases, said the region normally sees a rise in the number of dengue cases

during the rainy season and they are taking steps to reduce the number of infection this year. “Residents should observe different measures to combat the spread of the disease. Some of the things they should do includes drying stagnant waters in the house, cleaning their roof gutters, immediately seek medical assistance when fever lasts for at least two days, and using insect repellants and wearing long sleeve shirts,” Capin said. She said the DOH-ARMM

is currently conducting an extensive information drive in schools and communities in the region to help minimize the number of dengue cases. She said they are encouraging residents to observe the “4S” mechanisms in dengue prevention and control. The “4S” means Search and destroy; Seek immediate action; Say no to indiscriminate fogging; and Self-protection measures. Dengue is an acute viral infection acquired from the bite of a female Aedes aegypti mosquito. This fatal disease usually affects infants and children in tropical and subtropical countries like the Philippines. Its signs and symptoms include fever which extends from two to seven days, skin flushing, loss of appetite, vomiting, and in severe cases, nose bleeding and bleeding of gums. The DOH-ARMM has recorded 78 dengue cases with one fatality in the entire ARMM during the first quarter of this year. Capin said the number is dengue/PAGE 10


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CorporateWorld

Megaworld expands office portfolio in Davao City M EGAWORLDCorp. w i l l bui l d two more office towers in Davao City, further expanding its presence in president-elect Rodrigo R. Duterte’s hometown. In a statement issued Tuesday, tycoon Andrew Tan’s property giant unveiled plans to build One Republic Plaza and Emperador House within the 11-hectare Davao Park District in Lanang, Davao City. The two projects will add 30,000 square meters to its office inventory in Davao City, amid an anticipated increase in demand from the

business process outsourcing (BPO) industry. “Being one of the top BPO destinations in the country, we see an upward tick in the demand for office spaces in Davao City in the next three years,” Megaworld Senior Vice-president Jericho P. Go said in the statement. “Megaworld is committed to respond to this demand so companies will not think twice of locating here,” Mr. Go added. One Republic Plaza is a 10-storey office tower, while Emperador House is a themed six-storey tower fe atu r i ng a Eu rop e an -

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inspired architecture. Megaworld is currently building the P1.2-billion, 15-storey Davao Finance C e nt e r n e ar t h e m ai n entrance of the Davao Park District. T he l iste d prop e r t y company’s office inventory currently stands around 800,000 s qu are meters nationwide. Aside from expanding its office portfolio, Megaworld is building a retail row and shophouses around Davao Park District. The township will host 100,000 direct and indirect jobs by 2020. “We will certainly bring

first-time, new locators to Davao City. That’s the same thing that we are doing to other cities like Iloilo and Lapu-Lapu City in Cebu,” Mr. Go said. Megaworld also plans to construct a hospital and a school within the township. Two more residential towers are scheduled for launch within the year. “In the next five years, we hope to see more and more people coming home to the provinces because they find more opportunities here. This way, we also help decongest Metro Manila,” Mr. Go said.

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Algen’s Dive Resort (088) 3872015 Apple Tree Resort & Hotel 735411 / 754525 Fax: 754497 0917-7144040 / 0923-3269366 / 09399076948 Bahay Bakasyunan sa Camiguin (088) 3871057 / 3870131 Fax: 3870278 Basamanggas Resort 08822-760564 Fax: 760565 Cagayan Riverview Inn 8584245 / 729039 Fax: 8584245 Casa Crystalla 8561704 / 722465 Fax: 722480 Casa Isabella (088) 8564065 Casa Azucena 8563402 / 09236593973 Chali Beach Resort 732840 / 8552108 Fax: 8555941 Chananthon Bed & Breakfast 8568189 / 3093095

PAL to go daily on London flights PHILIPPINE AIRLINES (PAL) will mount daily f l i g ht s f rom Man i l a to London by the end of June. “We will increase our flights to London to seven days a week by the end of June,” said PAL President Ja i m e L . B aut i s t a t o l d reporters at the sidelines of the PAL Boutique opening last week in Pasay City. PAL launched its ManilaLondon direct f light in 2013, and remains to be its lone European destination. At present, PAL corners less than 20% of the market for that route. “You will be a preferred carrier if you have a c on s i s t e nt s c h e du l e t o get more passengers,” Mr. Bautista said. Meanwhile, Mr. Bautista said the airline’s market share continues to grow despite competition from low cost carriers. “We still have a ver y good share of the market which we want to serve. People who are willing to pay a bit higher but with comfor t and amenities, that’s our market,” he said. However, Mr. Bautista noted the company’s first quarter income fell because of lower fares and fuel prices.

Eton Properties doubling 2016 capex to P7B ET O N P r o p e r t i e s Philippines, the property development arm of the LT Group Inc., is more than doubling its capital expenditures (capex) to P7 billion this year, largely to fund its office and retail projects. The company is also looking at increasing its capex to P30 billion over the next five years to support plans to diversify its property portfolio to include hospitality, leisure, and larger district and mixed-use developments. “We are confident that we can expand our footprint in the next five years to further optimize our gains. With economic prospects remaining bright, and with demand for business space still strong from BPOs (business process outsourcing), we will continue to build and expand our market,” said

Eton Properties president Lucio Tan, Jr. The company recently launched Eton WestEnd Square in Makati, a mixeduse development which includes a boutique mall, an office tower, and a high-rise residential condominium. It will introduce to the market the 25-storey Centris Cyberpod Five, its fifth BPO facility in Eton Centris, this June 6. Eton Properties also bared plans to construct four BPO buildings at a cost of P9 billion over the next five years. It will also make this year its first foray into the fast-growing tourism sector via The Mini Suites in Makati, a serviced residences project and is seen to benefit from the enormous demand for high-quality, affordable rooms among local businessmen and tourists.

Capitalizing on the tourism boom outside Metro Manila, Eton Properties also announced that the company would pursue plans to expand its footprint beyond Luzon, as they add leisure and hospitality developments in their portfolio. Deputy chief operating officer Josefino Lucas said they aimed to develop a 35-hectare land in Mactan, Cebu into a hotel and entertainment project. “The company has not really expanded so we are looking at other opportunities. Tourism will grow in this country… We have lower tourist arrivals compared to our neighbors, we are lagging behind actually. You have to do your part to contribute to the national development,” he said.

Economic depression cannot be cured by legislative action or executive pronouncement. Economic wounds must be healed by the action of the cells of the economic body - the producers and consumers themselves. -- herbert hoover ,

31st u.s. president

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Country Village Hotel 8583004-06 Fax: 8583006 D’Budgetel 8564200/726643 Fax: 8564300 Dahilayan Forest Park 8568562 to 63 De Luxe Hotel 8572144 / 724548 Fax: 724563 Discovery Hotel 727814 / 8563896 Fax: 8563897 Duka Bay Resort (088) 3312290 Fax: 725265 Dynasty Court Hotel 8574802 Fax: 857900 Grand City Hotel 8571900 / 728469 Fax: 723718 Hotel Conchita 8563856 / 727355 Fax: 8563857 Hotel Koresco 8589749-50 Fax: 8589748 Hotel Sogo 8520383 Kingston Lodge 8585696 Fax: 8585696 Mapawa Natures Park 8584402 Fax: 725265 Mallberry Suites 8541999 / 7249999 Fax: 8544999 Maxandrea Hotel 8572244/729943 Fax: 724090 Miami Inn 8581901 to 02 Fax: 725279/728486 N Hotel (088) 8801924 Paras Beach Resort 8568563 Fax: 8568563 Philtown Hotel 726295 / 8564402 Fax: 723104 Pryce Plaza Hotel 8583131 Fax: 726687

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Media must carry out self-examination, too LIFE’S INSPIRATIONS: “… Bring to an end the violence of the wicked and make the righteous secure---you, the righteous God who probes minds and hearts…” (Psalm 7:9, the Holy Bible). -ooo DENYING EXTORTION IN MEDIA IS LYING: We who are in media should accept the truth that there are many of us who use our profession for purposes which are less than sublime, like extortion, as President-Elect Rodrigo Duterte said the other day. It is no use denying this unfortunate reality, because it is something that is there for all to see. If we deny extortion in media, then we would be lying. And because extortion is a reality that cannot be denied, we who are in media must also accept the fact that the people who were victims of extortion by media practitioners cannot be prevented from thinking and acting negatively against those who extorted from them, and this is where Duterte was correct once more---media extortionists do get killed by, or on orders of, their victims. But, Duterte and his government should also accept the truth that there are still many in media who practice their profession to

uphold truth and justice, and as a tool against wrongdoing and corruption both in the public and private sectors, despite the difficulty of doing so. And many mediamen get killed or persecuted, simply for espousing these righteous motives in the exercise of their profession. -ooo WILL DUTERTE CLARIFY, WHEN IS A MEDIAMAN A “SON OF A BIT..H”? And that was where Duterte was totally wrong, in generalizing that many of the media personalities who were killed were assassinated because they were engaged in extortion or corruption, or because some of them were, as he derisively described them to be, “son of a b..ch” There are good mediamen, as there are mediamen who are sons of “bi..es”, but not all are bad, as not all are good either. It is therefore wrong for Duterte or anyone else to be generalizing about a bad media, or even about a good media. With his long experience as a local chief executive, I know that Duterte would know, even from a distance, who is bad, and who is good, in media. Be that as it may, the next important matter that must be clarified is this: assuming that a media personality is extortionist, or is corrupt,

would that be a justification for summarily killing him or her? Does anyone have the right to take the life of a newsman or a broadcaster simply because of what he wrote or say? And, perhaps Duterte can clarify: when is a mediaman a “son of a bi..h?” -ooo MEDIA MUST CARRY OUT SELF-EXAMINATION, TOO: But let not this be a blind defense of media, for, indeed, practitioners have an urgent task to examine themselves and their colleagues, too, to look for solutions to the long pestering issue of corruption in media, whether it be the in the form of the so-called “envelopmental journalism”, or of distortion of news and events in the guys of commentaries carried out by broadcast networks and giant newspaper companies. Indeed, many practitioners who are supposed to be merely dispensing the news, writing an account of events as they actually happened, nowadays have strayed into interpreting and commenting on the news, not really innocently or as an honest-to-goodness attempt at commentaries, but more on satisfying the interests of the people who had talked to them earlier on what to write about or what to broadcast.

K akampi

Mo A ng Batas

Atty. Batas Mauricio Unless media carries out this self-examination real soon, and its practitioners thereafter conduct themselves in a manner worthy of respect and deference from the public, it should not expect media killings to stop, and harsh criticisms even from the President of the Philippines, to abate. Media should change first, before it can expect change from others. -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 HOURS a day, in the Philippines and the world at www.facebook.com/ angtangingdaan or www. facebook.com/ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

United but distinct, not divided

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Obstacles or Opportunities Think a minute…In the 1930’s, Jesse Owens was a world-class athlete in track and field. Yet he was told that because he was black, an African-American, there was no way he could beat the white, Nazi German athletes. Well, the 1936 world Olympics were held in Berlin, Germany. The racist Nazi dictator, Adolf Hitler, was there. He refused to even look at the African-American Athletes! Jesse Owens and the other American athletes were booed and laughed at while all the Nazi German athletes were cheered and praised on the field. But Jesse didn’t worry about Hitler’s cruel, evil prejudice against him. Jesse just stayed determined and focused on his dream and goal. Jesse made mistakes in his first 2 long jumps. Yet He still didn’t let that discourage or stop him. Then, on his last jump, Jesse won! In fact, he also won the other 3 events he competed in. So Jesse Owens came home to America with 4 Olympic Gold Medals! You see, he had the courage and commitment to keep going no matter what happened or how others hurt him! There is a Japanese Proverb which says: “If you fall down 7 times, simply stand up 8 times!” We all fail and fall down! That’s fine. It’s only when we stay

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THINK

A Minute

Jhan Tiafau Hurst down and just lie there that we disgrace and shame ourselves. Just because you lose sometimes does not make you a loser! The famous inventor Thomas Edison said: “Many people who failed in life didn’t know how close they were to success when they gave up!” So when problems and challenges come your way, even when you fail, it is still your choice to keep going and reach your goal. You still can live the life you want. This is why we need Jesus Christ to give us the courage and willpower we need to never give up and stop moving toward our goal. If you will ask Jesus to take full charge of your heart and life, then you can have the inner strength and power of God Himself to keep going to matter what problems you face or how many times you fail. Just Think a Minute…

I just would like to put in my two cents’ worth in this issue of separation of Church and state. This issue has been hogging the limelight lately, and all sorts of ideas have arisen, including the wrong and dangerous ones. To be sure, both Church and state have to be united and have to know how to work in tandem, because both serve the same people who are both Christian faithful and citizens. Of course, their ser vice is distinct from each other, not divided, much less hostile to each other, with the Church working for the spiritual and eternal common good, and the state for the material and eternal common good. The separation of Church and state has to be understood properly. When Christ said, “Render to Caesar the things that are Caesar’s and to God the things that are God’s,” (Mt 22,21) he certainly did not mean that there are two mutually exclusive authorities here on earth. G o d is t he supreme authority to whom even the most powerful earthly authority has to pay obeisance. After all, as St. Paul said in his Letter to the Romans, “there is no authority except from God, and those which exist are established by God.” (13,1) We have to junk that notion that all authority here on earth simply emanates from the people. That’s

a Godless understanding of authority and power that would consider these values detached from G o d’s p r o v i d e n c e a n d fully dependent on our common will, considered as the supreme will beholden to no higher authority. We need to understand that “the things of Caesar” are also part of the “things of God” except that given our earthly condition and the way we handle “t he t hings of C aes ar,” meaning all our temporal and mundane affairs that have to be regulated by an earthly authority, we enjoy a certain autonomy that is proper to our human nature that enjoys our God-given freedom. Part of the peculiarity of our temporal and mundane affairs, especially our politics, is that there are no uniform positions to be regarded as so necessary as to be assumed by everyone. Things would depend on a great variety of conditionso n e’s b a c k g r o u n d , aptitude, culture, history, o r i e nt at i o n s , p e r s o n a l p re f e re n c e s a n d t a s t e , etcetera. And these, complex and complicated as they are, have to be respected. Of course, the way to resolve and integrate all this vast variety of different positions has to be agreed upon by a certain consensus. In this regard, we have to contend with the reality that there will be no “perfect” position in a given issue or

“perfect’ solution to a given problem. We just have to contend with what is workable and effective for at least a period of time and to the majority of t h e p e op l e w it h out ent irely neg le c t ing t he preferences of the minority. While we should try our best to accommodate everyone, we should not forget that we cannot please everyone. We just have to learn with that fact of life. So, any politician or political program that touts to have all the solutions to all the problems of the country, i.e., that promises a utopia, is definitely a false leader and a questionable program. The Church actually has something to say on anything about our temporal and earthly affairs, since everything in our human affairs has a moral and spiritual bearing. Yes, this can include our politics. In fact, our political activities carry with them a heavy moral and spiritual burden that would and should be of great concern to the Church. The Church may not have the competence to talk about the technicalities of these human affairs, but it not only has the competence but also the authority to speak on the moral and spiritual aspects of the issues involved. Within the Church, the hierarchy and the clergy, from the Pope down to the

HINTS

and

Traces

Fr. Roy Cimagala latest deacon, should not be partisan, though they can and in certain instances should talk about the moral and spiritual dimensions. In this, they should avoid even sounding partisan. These pronouncements, put as reminders, suggestions or clarifications, should not be considered as partisan. Rather, they simply are views which the rest of the faithful are invited to consider. It’s t h e l ait y i n t h e Church who can be partisan based on their conscientious assessments of the issues involved. In resolving their differences, ever yone is invited always to be respectful and charitable. The Church leaders can only take strong positions in politics when serious issues needing clear Christian guidance are involved. The laity themselves should also take active part in this. Let’s remember that the Church includes both clerics and laity. roycimagala@gmail.com.


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CivicAction

Brigada Eskwela Teens kicks off M A R AW I C I T Y - Education Secretar y Dr. John Magno of t he Autonomous Region in Muslim Mindanao (ARMM) le d a s er ies of cle anup activities in different public elementary and high schools in the coastal areas of Datu Odin Sinsuat town, Maguindanao to mark the start of the annual weeklong school maintenance activity dubbed ‘Brigada Eskwela.’ Magno said that aside from the cleanup drive, this year’s ‘Brigada Eskwela’ will also give emphasis on school disasterpreparedness and readiness for the implementation of the K to 12 program. He said they want to make sure that schools in the ARMM are safe and conducive to education. The 2016 ‘Brigada E s k w e l a’ o r N a t i o n a l Schools Maintenance Week carries the theme “Tayo Para sa Paaralang Ligtas, Maayos, at Handa Mula Ki nd e g ar te n Hang g ang Senior High School” (All of us for safe and proper schools, and ready from Kindergar ten to S enior High S cho ol) and aims to unite communities in ensuring a better future for Filipino children. Magno said the region’s e ducat ion of f icials and teachers are working w it h p arents, b arangay officials, students and other volunteers to clean and prepare schools in time for the opening of classes on June 13. “ We a r e h ap p y a n d gratef ul for the annual ‘ B r i g a d a E s w e l a’ a n d the support that we get

from the DepEd-ARMM,” said Tukan Mangulamas, a supply of f i c e r at t he second schools division of Maguindanao. The Australian Government-funded BEAM (Basic Education Assistance f or M i n d a n a o ) - A R M M program has earmarked P8.9 million this year for minor repairs of classrooms in 225 public elementary and high schools as well as the provision of chairs and tables to 53 madaris (Islamic school). The BEAM-ARMM will also provide curriculum guide, teacher’s guide and learning materials. “ The D epE d- ARMM and BEAM have helped us improve our schools and encourage children to attend classes,” Evelyn Kanain, Senior High coordinator of the Schools Division of Sulu. Kanain said the assistance from BEAMARMM will improve the quality of education in various schools not only in Sulu but in the entire region as well. Disaster preparedness activities will be integrated in the education program of public schools to better prepare students in the events of typhoons, floods and other natural calamities. Brigada Eskwela was started in 2003 and has three main objectives such as to practice shared governance; to bring the spirit of education to the community level and to utilize local resources to public schools. (BPI/APB/ PIA-10)

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tapped against human trafficking CAGAYAN DE ORO CITY – More than a thousand high school students from this city have recently been tapped by a civic organization to help spread information among their peers on how to be wary against human traffickers, kicking off with a training no handling cases of child exploitation and trafficking. The move of Zonta Club of Cagayan de Oro II comes at a time when 13 Filipinos from Northern Mindanao are currently hiding in Malaysia after being forced to work in low-paying conditions in 12hour jobs. Zonta Club of Cagayan de Oro II is part of the larger Zonta International, an organization dedicated to advancing the status of women. Zonta Club Vice President

Teresa Celdran said they are partnering with Visayan Forum, a non-profit that was specifically created to address modern day slavery and the exploitation of domestic workers, for this particular project. The NGO represents the women’s sector in the InterAgency Council Against Trafficking. The two-day training attended by the students ranging from 13 to 16 in age, was made in three batches – one in December, the second in February and the third held early this week. It consisted of briefings on online child sexual exploitation, trafficking and the subsequent interventions. Training resource persons included anti-trafficking advocate Sister Cecilia Espenilla, Visayan Forum

representatives Nica Santiago and Roland Pacis, and Police Officer 3 Grace Sanchez of the Philippine National Police’s Anti-Cybercrime Group. At least, four high schools in this city have fielded their pupils to attend the advocacy training. they came from Misamis Oriental General Comprehensive High School, Cagayan de Oro National High School, Capitol University Basic Education Department and Fisher Valley Academy. Celdran said graduates of the seminar will be organized into the Cagayan de Oro chapter of iFight, formed by the Visayan Forum in 2013 to enlist the youth in the information and education drive against human trafficking. “Human trafficking is now the second most profitable

illegal industry in the world, ranking next only to drug trafficking,” Espenilla said in her presentation, citing a previously published research. “Victims are pushed by poverty, ignorance and unemployment. They will ultimately fall prey to these traffickers who collect from them $10 to $20 per individual, putting recruits in a position of indebtedness to recruiters, who harbor them,” Visayan Forum founder Ma. Cecilia Flores-Oebanda said. Human traffickers in the Philippines usually scout for potential victims in the provinces and transport them through different ports and land routes, taking advantage of the archipelagic nature of the country, according to training organizers.

A scene from Rise of the Guardians as interpreted by ballet dancers under the tutelage of Aimee Camille Dabuet. The children underwent a two-month class under Dabuet this summer. The culmination recital was held June 1 at Limketkai Atrium in Cagayan de Oro City. PHOTO BY MARK FRANCISCO


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L ifeStyle 6 Game of the Generals Tournament at One Oasis 2013 ppi’S Best in Business and Economic Reporting

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Game of the Generals is a board game invented by a Filipino inventor named Sofronio “Ronnie” Pasola, Jr. in the 1970s who holds the patent. It is an educational board game that you can learn and play in the short time of 20-30 minutes; yet, the game has limitless variations to challenge you for a lifetime. The game engages your psychological prowess, sharpens your memory and

deductive thinking as well as develop awareness for strategy and organization. It is recommended for all ages. The game simulates armies at war trying to outsmart and outmaneuver each other. As in an actual warfare, the game allows one side only a sketchy view of the other side’s plan. Certain strategies or tactics; however, allows both sides chances of securing a better idea of the other’s plans as the game progresses. 1111 Empire, Inc. headed by Mr. Elmer Francisco is the official nationwide distributor and the exclusive global distributor of Game of the Generals game sets. The company is accepting dealers within the Philippines and country distributors worldwide. Currently, there are 3 official versions of the game sets namely: NGS, MPR and RTO. NGS is the high end version with a hard board and aluminum pieces with sticker labels that costs PHP2,250.00 per set, MPR is the standard version with a hard board and markproof plastic pieces with paper labels that costs PHP450.00 per set while RTO

is the starter version with a rollable soft plastic board and mark-proof plastic pieces with paper labels that costs PHP240.00 per set. Game of the Generals game sets are available at Cham’s Convenience Stores, Coffeeworks, National Bookstore and Southern Arms gun stores. Last Saturday was the 6th Game of the Generals Open Tournament held at

the beautiful clubhouse of One Oasis Cagayan de Oro. Filinvest’s One Oasis is a development with 5 midrise residential buildings which is Asian-Balinese inspired. It is located in the heart of downtown Cagayan de Oro City (near Limketkai Mall). They have 1-BR and 2-BR units. It’s your own patch of green in the city. It’s like living in a resort when you live there.

It’s a resort style community with clubhouse, swimming pools and play areas. I also spotted a gym and basketball court when I visited the site last Saturday. Just minutes away from malls, hospitals and schools. Building 1 is now READY FOR OCCUPANCY and building 2 will soon be offered for pre-selling. Love it there! For inquiries, you can text +63 922 8574645.


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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

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Local banks’ asset quality expected to stay strong amid commodity fall PHILIPPINE BANKS are seen to defy a regional trend of a slip in asset quality given their low exposure in lending to oil firms and other commodityrelated borrowers, Moody’s Investors Service said in a new report. In a May 30 report, the global debt watcher said banks across Asia-Pacific are likely to hold more problem loans as a continued slump in global commodity prices puts pressure on companies in terms of settling their bank dues. “We expect that the quality of some of this (loan) exposure will continue to deteriorate, based on our assessment that energy and most other commodity prices will remain lower for longer,” the report read. “Such price dynamics will further dampen corporate earnings and weaken the debt repayment capacity of many commodity firms, creating pressure on or delaying the recovery of asset quality and profitability of banks in the region.” “We note that profitability is already under pressure in most Asia-Pacific banking systems, owing to worsening margins and rising credit charges.” C o mp a n i e s r e l y o n bank loans to finance their expansion activities. Banks’ credit exposure to companies such as oil and gas, metals and mining, shipping, energy, and farming averaged at 7% by end-2015, the debt watcher

said, though noting that there is a wide variance across countries. “We expect low oil prices to weaken the debt service metrics of Asian firms active in the oil and gas services sector -- such as exploration, drilling and other oil field support -- with problem loans to rise,” Moody’s said, pointing out that lenders in Singapore and Korea will likely be hit the most given their exposure to the oil and gas sectors. Banks in Mongolia also stand most vulnerable to low commodity prices due to their “outsized exposure” to mining firms, Moody’s said,

which contributed to a 14.4% share of bad loans across its banking system last year. Meanwhile, Philippine banks are expected to feel the least credit pressure from the continued price slump, given a low exposure to global commodity trade and lending to these sectors. “The least affected will be banks in Hong Kong, Australia, Taiwan and the Philippines, because of either the banks’ low exposure to the energy/commodity sectors, the low reliance of these economies on commodities exports, or both,” Moody’s said. In particular, the credit

rater said only 4% of Philippine banks’ total loans were for energy and commodityrelated activities. This is among the lowest exposures across 13 economies. Listed commodity firms also made up just 13% of the total debt incurred by nonfinancial firms on the stock market, which prodded the debt watcher to assign a “low” tag in terms of overall credit pressure among Philippine banks. Systemwide nonperforming loans stood at 2.23% across the Philippine banking sector, with P145.165 billion of bad debts against quality/PAGE 10

PNB keen on getting strategic partner to boost technology, financial service offerings PHILIPPINE National Bank is open to forging partnerships with foreign banks and is keen on getting a strategic partner that could give the local lender a competitive edge, especially in technology and in the delivery of financial services to a bigger client base. PNB officials say forging a strategic alliance with a foreign lender will help PNB expand into the regional and international markets. PNB is gearing up for its

centennial celebration this year. Its net income grew 15 percent in 2015 to a record P6.31 billion. The government allowed the entry of more foreign lenders under Republic Act 10641 passed in 2014. Bank officials say they welcome the entry of more foreign lenders, underscoring their confidence in their foothold in the local retail banking scene, especially in the countryside. But PNB says there are

no ongoing discussions yet with any foreign lender. Horatio Cebrero III, PNB executive vice president, said: “We have not closed our doors [to a] strategic partnership if there’s economic sense for that; if there’s value for stockholders, then we are open to see what kind of partnerships we can build up.” He said they view it “as an opportunity also that the foreign banks are coming in partner/PAGE 10

YOUnified for #1Earth engages CdeO to move for environment

Everyone is invited to take part in preserving and protecting the Mother Earth through the event, “TREEE: Growing Young Leaders who can ENGAGE, EXPRESS, EXCHANGE” scheduled on June 4. In partnership with Xavier University McKeough Marine Center, Yellow Boat of Hope Foundation, Kuya Fish Campaign, Lapasan Youth, Nazareth Youth Organization, PRO-CHILDREN, Urban Myx,

CDO Beat Box, XITE, WOWCDO. com Blog and more youth organizations, this one-day YOUnified for #1Earth event is spearheaded by the Ridge to Reef Young Leaders Camp. With its primary goal of inspiring youth engagement for Mother Earth, the event will include the three following activities which are free and open to everyone: 1. Engage: Barangay Lapasan Coastal Mass Clean-up

2. Express: Art for the eARTh Exhibit 3. Exchange: Youth talks on environmental issues today Assembly area for the coastal clean-up is at the Lapasan Covered Court at 7am. Everyone is encouraged to wear comfortable clothes for the coastal cleanup and bringing of pails is optional. The activity will then be followed by a mini-forum on Solid Waste Management at the same barangay at 9am.

Also witness the Art for the Exhibit located at the Centrio Garden by 2pm from which artworks of local youth artists will be displayed. At the same area, YOUth talks on environmental issues will be held. Stories of volunteerism will be expected from the three select powerhouse speakers: Alexis Baldia of Yellow Boat of Happiness Foundation, Lea Caburatan of DENR Region X, and Haiko Magtrayo, a former UN affiliate.


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BWM: May 20, 27 & June 3, 2016


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Five young researchers in NorMin win BPI-DOST Science awards CAGAYAN DE ORO CITY -A Department of Science and Technology (DOST) scholar from Mindanao State University-Iligan Institute of Technology (MSUIIT) won this year’s Bank of the Philippine Islands (BPI) - DOST Science Awards for her research project, “Utilization of e. deglupta as a Green Collector.” Yvonne Kaye Perocillo is one of the five college students from Region 10 and among the selected few graduating students who capped the 2016 BPI-DOST Science Awards for their research projects. She received a P25,000 cash award and a plaque of recognition. The other two awardees from Mindanao State University-Iligan Institute of Technology (MSU-IIT) include Jhed Mherson Cabreros and Kristelle Lou Ompad. Cabreros won for his research project, “Copper Bleed Electrolyte as Source of Rare Earth Metals” while Kristille Lou G. Ompad’s winning research project is the “Evaluation of Gold Deportment in Gold Mine Tailings of Rosario, Agusan del Sur.” Two other young researchers

from Xavier University were also among the winners, namely: Kent Reymart T. Anabieza for his research project “ChemometricsAssisted Chelometric Dispersive Liquid-Liquid Microextraction System for Flame Atomic Absorption Spectrometric Determination of Ultra-Trace Cu(II) in Water Samples” and Melody Kimberly D. Pitoc for her project, “Determination of Operating Parameters for the Fast Oxidative Pyrolysis of Napier Grass in a Fluidized Bed Reactor.” “To BPI Foundation and DOST, thank you for this opportunity to contribute to significant changes through our science researches,” says Anabieza. The awarding program for both MSU-IIT and Xavier University was held last May 19, attended by DOST-Lanao del Norte Provincial Director Ferdinand Soliven and DOST-Misamis Oriental Director Junelyn-Louvena Ruiz, respectively. Now on its 26th year, the BPI-DOST Science Awards has recognized over 700 outstanding science awardees from its partner universities: Ateneo de Manila

University, Ateneo de Davao University, De La Salle University, Mindanao State UniversityIligan Institute of Technology, Saint Louis University, Silliman University, University of the Philippines-Diliman, University of the Philippines-Los Banos, University of San Carlos, University of Santo Tomas, and Xavier University. DOST, in partnership with the BPI Foundation, set up the Science Awards to inspire, recognize, and support the most outstanding young scientists and innovators from across the Philippines. Three exceptional studentresearchers are selected per partner-school every year. An awardee is selected on the merit of his/her academic performance and must be nominated by the school. The science competition enables a new generation of leaders to address competitive issues in science, research and technology development and challenges them to create lasting impacts in society. (Tess Superioridad Baluyos/DOST)

Dengue... from page 2

significantly lower compared to the first quarter of 2015, where 487 cases with five fatalities were reported. They have recorded a total of 2,376 cases with 24 deaths across the region in the same year. Marawi City recorded the highest number of cases with 758 followed by Maguindanao province with 614 cases. Moreover, Capin also cautioned residents against common water-borne diseases like diarrhea, amoebiasis, hepatitis A, and cholera. She added that cold and cough are also very common during the rainy season. She said obser ving cleanliness and being vigilant help reduce the chance of contacting any of these diseases. “Observe proper hand washing before and after

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

meals and also wash the fruits and vegetables you eat,” Capin said. (BPI/APB/ PIA-10)

Quality... from page 8

total loans amounting to P6.507 trillion for the first three months of 2016. The ratio has improved from the 2.47% share seen at end-March 2015. Still, banks remained profitable as of endMarch, raking in a collective P38.956 billion during the first quarter which is 6.4% higher than the P36.623-billion net income posted during the comparable year-ago period. Despite higher credit risks, Moody’s said the current trend is unlikely to merit downgrades for banks as they stand wellcapitalized against such shocks: “Overall, banks in Asia Pacific demonstrate good buffers against rising credit risks, despite the likely continued pressure on the quality of their

commodity portfolios.” In November, the international credit rater tempered its outlook for Philippine banks to “stable” from a “positive” tag given in 2012 as capital levels are seen to decline as the lenders pursue the consumer segment.

Partner...

from page 8 to the Philippines because there could be a reverse business here that you can develop. If, let’s say a foreign bank from Asean comes here, you also have to tap what kind of business you can do for that country, so [there’s a] potential exchange of business.” Cebrero says PNB is also keen on forging partnerships with local players, adding that in the past year, PNB has been continuously looking for smaller banks to acquire, with a view to expanding its thrift bank business.

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

May 25, 2016

NOTICE TO THE PUBLIC

NOTICE TO THE PUBLIC

In compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-01, Guidelines in the Implementation of the Administrative Order No. I, Series of 2013 (IRR of RA 10172), Notice is hereby served to the PUBLIC that JOSE MARIA D. RELLON has filed with this office a petition for correction in the entry of sex from “MALE” to “FEMALE” in the Certificate of Live Birth of JOSE MARIA DADOLE RELLON who was born on November 13, 1994 at Linangkayan, Naawan, Misamis Oriental and whose parents are JHONNY L. RELLON and MELODIA Z. DADOLE. Any person adversely affected by said petition may file his written opposition within this office not later than June, 2016.

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

CCE-0006-2016 RA 10172

BWM: June 3 & 10, 2016

(Sgd.) marlon s. dacoco Municipal Civil Registrar

Cnn philippines stations nationwide

Cnn philippines tv-5 Cagayan de oro

Rpn Radyo Ronda stations nationwide

Dxko 1368 Cagayan de oro

BWM: June 3 & 10, 2016

(Sgd.) Amerol M. Diongkat Municipal Civil Registrar


BusinessWeek MINDANAO

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

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thu-fri|june 2-3, 2016

NEA... from page 1

as administrative expenses.” According to NEA Administrator Edita S. Bueno, the interest rate cuts had been part of their continuing efforts on how they can “help ECs perform efficiently.” She added “with the reformed fiscal programs of NEA, the ECs will now have better options for their operations which will benefit the member-consumers.” As enforced, the interest rate of 6.5 percent has been cut to 6.0 percent per annum fixed for 10 years, “subject to re-pricing and the end of the 10th year.” Similarly, for loans with twoyear repayment period, interest charges had been down to 5.5 percent per annum from previously at 6.0 percent. Additionally, for short-term loans – primarily short-term credit and stand-by credit-facilities, interest rates had been lowered to 6.0 percent from a heftier 12 percent per annum or an equivalent 0.5 percent per month from 1.0-percent previously. The NEA Board, however, has decided to maintain calamity loan interest rate at 3.25 percent; and concessional loan at 3.5 percent per annum. The electrification agency added that “the initiative was in response to the call of a number of members of the House of Representatives and ECs to lower the rates on NEA loans to make it more competitive with commercial bank rates.”

Honors...

from page 1 capacities in addressing issues of injustice and inequities) to bag the top honors. The Sumilao farmers made the headlines when they finally won their peaceful 10-year land rights struggle, highlighted by their 28-day hunger strike in 1997 and their dramatic 1,700-kilometer march from Bukidnon to Manila in 2007. The struggle started by the Mapalad farmers -- who later evolved to Sumilao farmers -- in 1996 to acquire the 144 hectares of land from San Miguel Corporation has inspired thousands of people not only locally but internationally as well. Barangay Lawaan topped in the Kalambuan Category for communities with outstanding initiatives in addressing poverty towards sustainability and viability. Lawaan, one of the rural AFFIDAVIT OF SELF-ADJUDICATION OR EXTRAJUDICIAL SETTLEMENT OF ESTATE (By Sole heir (or several heirs) by a Deceased Person) I/We the undersigned, heirs of RODOLFO SIMENE, Rep. by; NICK MAANDIG SIMENE, and REYNANTE MAANDIG SIMENE , all of legal age, married to NORA INIANA-SIMENE and CLARITA AMBALSIMENE, respectively, Filipino, and a resident/s of 189, Zone 4, Bonbon, Cagayan de Oro City, Misamis Oriental, Philippines, hereby DECLARE AND MANIFEST ON OATH: 1. That we are the sole heir/s and compulsory/ nearest heirs of RODOLFO SIMENE, “exclusion of others “under” pain/penalty of perjury or criminal liability;” 2. That the deceased, RODOLFO SIMENE died intestate on 05 March 1999 in (Cogon), Ozamiz City, Misamis Occidental, Philippines, as shown by a copy of a Certificate of Death LCR No. 99-0196 hereto attached and marked as ANNEX “A” and made an integral part hereof by ready reference; 3. That the deceased, RODOLFO SIMENE and his co-owner, BASILISA B. MAANDIG, left a parcel of land known as Lot No. 4-B-2, Psd10-023306 located at Bonbon, City Cagayan de Oro, Mindanao, Philippines, containing an area of TWO THOUSAND ONE HUNDRED NINETY THREE (2,193), SQUARE METERS, more or less; with an assessed value of Php 18,300.00; covered by Transfer Certificate of Title (TCT) No. T-104300 issued by the Register of Deeds of Cagayan de Oro City and likewise covered by Tax Declaration No. G-081944 (PIN-164-04-057-03-017) issued by the City Assessor of Cagayan de Oro City; including the 4. That to the best our knowledge and information the decedent left no debts, which remained unpaid whatsoever nor any LAST WILL and/ or TESTAMENT; 5. The pursuant to Section 1 of Rule 74 of the Revised Rules of Court of the Philippines, I/we hereby ADJUDICATE unto MYSELF/ OURSELVES the parcel of land above described,

barangays in Gingoog City, has established a community-based Backyard Broiler Production Project in partnership with Balay Mindanaw in 2005 and has been continuously looking for viable income-generating business ventures to help transform pastoral families into enterprising households. Barangay Pagangan lorded it over in the Kalinaw Class for communities with outstanding local initiatives in transforming violent conflicts and building peace. Pagangan, which has been severely affected by sporadic armed encounters between government forces and the Moro Islamic Liberation Front, has demonstrated resiliency amidst violent conflicts by strengthening the relationship between its Muslim and Christian residents through constant consultations and dialogues. Barangay Tawagan came out best among the eight barangay finalists to bring home the top honors in the Kalig-on Category for communities that have shown outstanding institutionalization and development of resilient initiatives and preparedness in facing disasters. One of Cagwait’s coastal barangays, Tawagan has weathered all the typhoons that came its way through its constituents’ concerted preparedness in times of danger and trouble. ”It’s not Superman, Spiderman, or Batman who could reduce risks, but only community initiatives and preparedness,” Barangay Tawagan’s motto says. A surprise Natatanging Balay Mindanaw Kalinaw Award was presented to Barangay Diatagon of Lianga, Surigao del Sur for its peace initiatives in addressing armed conflict. Last year in September, a number of Lumad Leaders in Barangay Diatagon were killed by alleged paramilitary groups from the Manobo tribes which triggered a massive evacuation by residents not only from Diatagon but also from other barangays. In the years that passed, displacements had also been massive due to the skirmishes between rebel armed groups and government troupes. This has urged Barangay Diatagon to search for alternative approaches by involving different stakeholders and conduct local peace processes to reduce violence if not to resolve the conflicts. All Balay Mindanaw Awards winners received a cash prize and I/we hereby request the Register of Deeds of Cagayan de Oro City to register and render the same effective; 6. The affiant-heir, NICK MAANDIG SIMENE, with the personal circumstances, is hereby authorize, to act and represent, sign, execute, deliver this document/instrument to make effective the foregoing authority; 7. Declaration of undertaking/indemnity Agreement: [“That I/we hereby agree and/or undertake to hold: __ “free” from any suit or claim that may be brought against it by reason of the release of the item or entire amount of the bank balance, etc. in my/our favor,] and [“I/we hereby further undertake to indemnify the said entity/bank/ financial institution in the event it suffers damages should any heir or creditor/assignee appears and subsequently claim deprivation of any right or interest by virtue of this release and settlement/payment thereof;” 8. (That I hereby certify that the above real property does not come under the operation of the Land Reform Code and related laws thereof;) IN TRUTH WHEREOF, I/we have hereunto affixed my/our customary signature this__ day of __ 2016 in Cagayan de Oro City, Philippines. Heirs of RODLFO SIMENE Rep. by: NICK MAANDIG SIMENE and REYNANTE MAANDIG SIMENE Affiant-heir Affiant-Co-owner With my/our conformity:

BASILISA B. MAANDIG Affiant-heir

SUBSCRIBED AND SWORN to before me this __ day of__ 2016 at Cagayan de Oro City. Philippines, and known to me and to be known to be the same person/s who executed the forgoing document and he/she/they acknowledged to me that the same is his/her/their free and voluntary act and deed. WITNESS MY HAND AND SEAL on the and place first above written. BWM: May 20, 27 & June 3, 2016

and specially-made trophies handcrafted by Jojo Sescon, a veteran photojournalist and multi-awarded film maker from Mindanao. They also received Sky Hydrants, courtesy of Disaster Aid International. The Over-all Chairperson of the Balay Mindanaw Awards Edicio “Ed” dela Torre said stories of these most outstanding barangays and the rest of the 15 barangay finalists will be published in the anniversary book of Balay Mindanaw which will be available later this year. The 2016 Balay Mindanaw Awards is part of Balay Mindanaw’s 20th anniversary celebrations held throughout the month.

Mesaverte...

from page 1 located within the province of Cebu. In 2015, the company took a big leap forward and decided to invest in Cagayan de Oro. Its 8,740 square-meter site at Osmeña Extension is a prime neighbourhood that is near to malls, hospitals and universities. The project is composed of three towers which will be built in two phases. Each building has 15 floors adjacent to each other and overlooking a central amenity area. The units offered are studio and one bedroom that are all combinable to suit individual needs. The size of the studio starts at 20 square meters with another option for a more spacious 25 square meters with a balcony. The one bedroom is at 39 square meters with a balcony located at the corner of each floor and another conveniently located at the middle near the elevators for added accessibility. The groundbreaking also served as the opening of Mesaverte Residences’ showroom. Various model units are now ready and available for clients to see and experience. These include the deliverable studio unit aside from the showcased one bedroom unit, one bedroom combined and two-bedroom combined. Soberano warmly replied to Moreno’s kind words. “We are very much pleased to receive a positive feedback from the market and the fast take-up is a testament to that,” he added. It DEED OF ABSOLUTE SALE OF A PARCEL OF LAND

was also learned Towers 1 and 2 are already more than 60 percent sold. For those who are interested in the remaining units, just drop by the Mesaverte Residences showroom at Osmeña Extension, Cagayan de Oro City. Or call (088)-880-8678 and 0917-2517544.

NUJP...

from page 1 you’ve done something wrong to the guy… the Constitution can no longer help you pag binaboy mo ang isang tao,” he said. Addressing Duterte, the NUJP statement issued by its chair, Ryan Rosauro, said “what leaders say, right or wrong, seriously or in jest, will resound with their followers. Thus, even if this be in jest, and we see no reason to believe this was the case, your words may well be interpreted as marching order by those with an axe to grind against a critical press.” Cusp of a new era The NUJP said it was hopeful, following pronouncements the President-elect would push for the passage of the Freedom of Information (FOI) law and the recent announcement of his spokesperson, Petero Lavina, that he would constitute a special task force to investigate media killings, “that we were on the cusp of a new era when freedom of the press and of expression would be respected, defended and promoted beyond lip service.” “Alas, it seems we were wrong. Or are we to be again treated to the excuse that it was all a joke and we need to be more discerning about your pronouncements?” “Murder is no joke. Neither is press freedom,” it added. Perpetuating Impunity Atty. Romel Bagares, Executive Director of the Center for International Law, Inc. said Duterte’s statement “implying that corrupt journalists who are killed were asking for it, and therefore deserved to die, only serves to justify and perpetuate impunity.” “In a country that has become one of the most dangerous places on earth for journalists, it will only serve to embolden, rather than deter, those who kill without compunction,” Bagares said. In a statement, the Foreign Correspondents Association of the Philippines (FOCAP) said it is

“alarmed” by Duterte’s “sweeping pronouncement which could embolden attacks on the working press.” “While saying that most of the media killings were motivated by corruption involving the victims, the president-elect did not provide evidence that can be used to bring the perpetrators to justice nor condemn the killings to discourage future attacks,” the FOCAP said. “You really want to know the truth?” Duterte said “Kung papatayin ka talaga, papatayin ka (If they will kill you, they will kill you),” the President-elect said. “There’s no way to know that the next victim would be a journalist,” he said. “Pero karamihan dyan nabigyan na tapos…. Nabayaran mo na tapos you play. Yan ang karamihan namamatay. Or tumatanggap na sa mga sugarol tapos bira pa rin. You really want to know the truth? Yun ang truth. There is still corruption… sa inyong side,” he said. He cited the late radio commentator Jun Pala as “the best example of bakit namamatay itong mga journalists” (why these journalists are being killed). He said Pala was on the take and would collect money from one side to attack the other side. “I do not demean his memory but he was a rotten son of a bitch,” Duterte said. Pala, then a radio commentator of DXGO, was gunned down on September 6, 2003. Duterte said upright journalists don’t get killed, most especially if they are reporting the truth. “Most of you are clean,” he told the media, “ but do not ever expect na itong mga journalists are all clean kaya namamatay yan sila. Karamihan dyan nabayaran na. They take sides. Or sobrahan nila ang atake” (that’s why they’re being killed. Most of them are paid hacks. They take sides. Or attack excessively). No justification Bagares said that even if Duterte’s allegations of media corruption is true, “it does not under any circumstance justify the assassination of journalists,” Bagares said. Duterte explained that politicians are used to being hit by the media.

Notice is hereby given that the intestate estate of the late MAXIMINO BALBAS & CARMEN L. BALBAS left a parcel of land located at Centro, Mambajao, Camiguin known as Lot 149678 under T.D. No. 0101516 containing an area of 398 square meters that the only surviving daughter MARIA VISITACION L. BALBAS of legal age, single, Filipino and a resident of Mambajao, Camiguin adjudicate unto herself exclusive ownership of the aforementioned property and in consideration of the sum of ONE HUNDRED THOUSAND PESOS (P 100,000.00) hand paid by Sps. GILBERT R. VELASQUEZ and ROSELA G. VELASQUEZ hereby acknowledged to her full satisfaction and absolutely SELL, CEDE, TRANSFER and CONVEY the above described property unto the vendees free form any lien or encumbrance is the subject of EXTRAJUDICIAL SETLEMENT OF ESTATE WITH ABSOLUTE SALE OF A PARCEL OF LAND Under Notary public VITO M. CARILLO per doc. No. 515; page No.180; book No.87; series of 2016

BWM: May 27, June 3 & 10, 2016

BWM: May 27, June 3 & 10, 2016

“That’s okay. We’re used to that” but there are private individuals who cannot stand the shaming and harassment. NUJP chair Rosauro said that while there may be instances where private individuals may have sought revenge against journalists for soiling their reputations, “the data shows that, of the handful of media killings that have actually made it to the courts, the accused are invariably from government – elected officials, government executives or members of the security services – and invariably accused of corruption.” The NUJP cited, among others, ‘the murders of Edgar Damalerio of Pagadian City, Marlene Esperat of Tacurong City, and Gerry Ortega of Puerto Princesa City, and, of course, the most heinous of all, the November 23, 2009 Ampatuan massacre, of which 32 of the 58 victims were media workers, making it not only the worst case of electoral violence in recent Philippine history but the single deadliest attack on journalists ever.” Photojournalist Rene Lumawag, whose son Gene Boyd, MindaNews photo editor, was gunned down while on assignment in Jolo, Sulu on November 12, 2004, wrote in reaction to a Facebook [NUJP: media corruption noted but not justification for killing] post on Duterte’s statement: “ I am pretty sure Mayor Rody takes my son, Gene Boyd, an (exception) from the President-elect’s statement. Davao would know who are the journalists the Mayor is/are referring to.” Incoming Presidential spokesperson Salvador Panelo told reporters on Wednesday that what Duterte said on Tuesday night was that “when a journalist is killed, it doesn’t mean he is being killed as a journalist. That person is being killed because he has done something wrong to a fellowman.” “Regardless of what profession you have kung meron kang nagawang masama sa isang tao, na gusto gumanti sa iyo, papatayin ka whether ikaw peryodista, abogado ka, whether mayaman o mahirap” (if you have wronged someone who wants to seek revenge, he will kill you, whether you are a journalist, lawyer, rich or poor,” Panelo added.

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

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

Notice is hereby given that the intestate estate of the late SEMEONA GUIBONE left a RESIDENTIAL LOT known as lot 3882 T.D. No. 04000204948 containing an area of 381 square meters. That PORTIA C. DAGANDARA of legal age, single, and a resident of Mambajao, Camiguin the Attorney-in-Fact of the Heirs of Semeona Guibone. That for in consideration of the sum of ONE HUNDRED THOUSAND PESOS ( P h p 100,000.00) hand paid by Sps. ISMAEL E. LEBOSADA and LUZ V. LEBOSADA a resident of Agoho, Mambajao, Camiguin. That PORTIA C. DAGANDARA as attorney-in-fact with co-heirs PRECIOSA C. CARRETAS, RUBY C. UY and EMMA CALAPANLONIO hereby absolutely SELL, CEDE, TRANSFER and CONVEY the residential Lot free from any lien or encumbrance is the subject of DEED OF ABSOLUTE SALE OF A PARCEL OF LAND Under Notary public VITO M. CARILLO per doc. No. 925; page No.62; book No.87; series of 2015

11

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YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

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

02 June 2016

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

BWM: June 3 & 10, 2016

Republic of the Philippines Province of Misamis Oriental Municipality of Initao NOTICE TO THE PUBLIC CCE-0023-2016 R.A. 10172

Date: May 24, 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 that RUSSEL Z. PAMISA has filed with this Office, a petition for change of first name from “ “ to “ “ and correction of entry in sex from “FEMALE” to “MALE” or correction of entry in the date of birth from “ “ to “ “ in the certificate of live birth of RUSSEL Z. PAMISA at Initao, Misamis Oriental and whose parents are ROBINSON PAMISA and LUDEMA ZATE. Any person adversely affected by said petition may file his written opposition with this Office not later than June 20, 2016. BWM: May 27 & June 3, 2016

(Sgd.) ISAIAS A. JARALES Municipal Civil Registrar


12

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thursday|June 2, 2016


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