BusinessWeek Mindanao (June 22, 2016)

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Briefly Mindanao trademark DAVAO City -- Reaffirming the European Union’s (EU) commitment to promote and expand domestic and international markets for Mindanao products, EU Ambassador to the Philippines Franz Jessen will grace the launch of the Mindanao Collective Trademark (MCT), a system designed to enhance the competitiveness of products originating from Mindanao.

The MCT launch, slated for Tuesday at the Park Inn by Radisson Hotel here in the city will officially unveil the MCT logo that will become the distinct mark of quality products coming from the island-region.

Ambassador Jessen is expected to keynote the event that will gather key government officials, top business players, chief local executives and private sector representatives from across the region.

Agri laboratory DAVAO City -- Incoming Agriculture Secretary Emmanuel F. Piñol said the Duterte administration will set up agricultural laboratories in each region as part of its intervention to the sector.

At the economic consultation held today here, Mr. Piñol said the laboratories will serve as part of the intervention as President-elect Rodrigo R. Duterte endeavors to intensify the sector’s growth.

Mr. Piñol explained that the laboratories are specifically needed by the banana export segment, an “industry which has long been neglected.”

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To rid poverty, PH needs economic ‘rebalancing’ www.businessweekmindanao.com

Wednesday | June 22, 2016

D

By ANTONIO L. COLINA IV

AVAO City -- The country can address poverty and inequity if it shifts from being consumption-driven and services-oriented to developing its investments, exports as well as agriculture and manufacturing sectors, an official of the incoming administration said Monday.

Incoming National Economic and Development Authority director general Ernesto M. Pernia said the agricultural and industrial

TRANSIT POINT. More victims of human trafficking have been shipped out through Pantalan 1 and 2 in Surigao City, according to a non-governmental organization.

The absence of law enforces makes it easier for illegal recruiters to do their trade.

MindaNews photo by ROEL CATOTO

PPI confab focuses on maritime disputes

A FORUM on the West Philippine Sea disputes will be among the highlights of this year’s 20th Annual Press Forum and Membership Meeting of the Philippine Press Institute, the country’s foremost association of newspapers.

Publishers and editors of PPI membernewspapers nationwide will convene in Manila for their two-day yearly gathering beginning on Wednesday, June 23, at the Century Park Hotel.

The forum, with the theme “Understanding the Disputes in the West Philippine Sea,” ppi/PAGE 9

sectors “are rather weak in terms of performance, the reason why the economy has a low capacity to generate poverty/PAGE 9

Incoming Duterte admin eyes infra spending at 6% of GDP

By JOANN SANTIAGO, Philippine News Agency

DAVAO City -- Infrastructure spending would be among the main priority of the incoming Duterte administration, with its share on gross domestic product (GDP) targeted to reach six percent.

Incoming Budget and Man age me nt S e c re t ar y B e nj am i n D i ok no tol d reporters at the sidelines of the two-day “Sulong Pilipinas: Hakbang Tungo sa Kaunlaran” (Philippines Onwards: A Step Towards Progress), which

started Monday at the SMX in this city, said the 2016 budget remains ample for the incoming administration but for the proposed PHP 3-trillion level 2017 budget they expect to allot more for infrastructure. ”We will prioritize number one, agriculture (and the) number of infrastructure.

We are planning to spend as much as five percent to six percent, for infrastructure. infra/PAGE 9

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Economy

BuB projects up for implementation THE implementation of more Bottom-Up Budgeting (BuB) projects in Cagayan de Oro is in the offing.

These are outlined in the Annual Investment Program (AIP) of the city as approved by the 17th City Council through Resolution No. 12363-2016.

Under the BuB this year are the Integrated Livelihood projects on production of broiler chicken, dispersal and fattening of hog, egg production, vegetable production, establishment o f b a r a n g ay t e c h n i c a l manpower services; food processing and production of occupational safety supplies, and establishment of Barangay Agri-Food Outlets, among others. These will be implemented by the city government in partnership with the Department of Labor and Employment (DOLE).

Also in the list is the Department of Trade and

Industry’s (DTI) Integrated Marketing Assistance for Micro, Small and Medium Enterprises (MSME). The P5 million project involves product development and enhancement, trade fair organization and p ar t i c ip at i on , c ap a c it y building and trainings, local study mission and de velopment of promo collaterals.

WATER SYSTEM PROJECTS Meanwhile, several water system projects will also be implemented by the Department of Interior and Local Government (DILG) and the city government, based on the AIP. These are the rehabilitation and improvement of the Taglimao water system (P1 million), Level 1 and 2 water system for Sitio Palalan in Barangay Lumbia (P2.5 million), Improvement of water system for barangay Tumpagon

(P1 million), Enhanced Community-Based water system for Sitio Tipolohon, Camaman-an (P1 million); Level 2 rehabilitation and i mprove m e nt of w at e r system for Sitio Bulahan, Barangay Dansolihon (P.67 million) and the repair and improvement of water system for Zone 8, Cugman (P1 million).

The constr uction of sea wall grouted rip-rap for Zone 8, Cugman (P3 million), establishment of a multi-purpose covered court to serve as youth and community evacuation center (P5 million), CommunityBased Monitoring System (CBMS) (P3 million) and Capacity Development for the Local Poverty Reduction Action Team (LPRAT) (P5 million) are also in the list.

SOCIAL SERVICES S e n i or c it i z e ns an d Persons with Disabilities (PWDs) will also benefit from the BuB as it includes

the improvement of the Senior Citizen’s Center in the amount of P1 million and additional support for the sheltered vocational center for PWDs in the city by the DSWD in cooperation with the city government.

2016 BUDGET It may be recalled that this week, the City Council also approved Ordinance No. 13081-2016, approving the Annual Budgets of the General Fund with an estimated income of P2,247,054,056 and of the Special Account: Economic Enterprises with an estimated incomes of P63,400,705 for t he City Economic Enterprises and P13,512,112 for the East-Westbound Te r m i n a l s a n d P u b l i c Market, and P136,033,127 for the J.R. Borja General Hospital, all for CY 2016, to finance estimated various expenditures of same amounts for calendar year 2016. (CdeOSP)

THE Department of Social Welfare and Development ( D S W D ) c ont i nu e s t o empower Pantawid Pamilyang Pilipino Program (Pantawid Pam i ly a ) b e n e f i c i ar i e s through its Sustainable Livelihood Program (SLP).

One of livelihood program’s commendable approaches provides life skills training as a capacity-building strategy to prepare program participants to better manage

livelihood opportunities and pro-actively measure and ensure optimum quality performance in managing livelihood activities.

The department partners with schools or institutions which are accredited by Technical Education and Skills Development Authority (TESDA) to provide the best training and eventually produce the best graduates who would qualify for any

technical and well-paid jobs.

As it has been grasped and materialized by some DSWD’s beneficiaries like R e y n an A m on h ay an d Guillermo Baliling Jr., it is easier to find job when you have credentials to show, they said.

Reynan Amonhay, 22, single and out-of-school youth, helps his father in farming to provide for their huge family. Reynan,

along with his 11 siblings, work hand in hand to meet daily needs. Although he has completed high school, Reynan didn’t have much skill to boast and match for a job.

“Karon malipayon kaayo ko sa akong nakab-ot sa akong kinabuhi, bisag high school graduate ra ko nakatrabaho ko ug natagaan ko sa dakong kahigayonan nga mulambo improve/PAGE 10

Beneficiaries with technical skills thrive to improve livelihood

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CEB is the country’s largest carrier to operate flights out of Davao The only carrier that links Davao to 4 Philippine destinations The Philippines’ leading airline, Cebu Pacific (PSE: CEB), celebrates being the country’s largest carrier to operate flights out of Davao, one of its six strategic hubs in the Philippines. CEB currently runs a total of 128 frequencies and over 52,000 seats (or close to 300 flights) per week between Davao and seven key domestic and international destinations.

CEB is the only carrier that links Davao to four Philippine destinations (Bacolod, Cagayan de Oro, Iloilo, and Zamboanga). It also recently became the only Philippine carrier with international operations out of Davao, when it launched twice weekly Davao – Singapore flights last December 2015.

The airline added a third frequency between Davao and Singapore this April 2016, three months after the route was launched, to cater to growing travel demand.

Meanwhile, CEB also operates two other non-stop domestic routes – ManilaDavao and Cebu-Davao, where it currently holds 51% seat share and 61% seat share, respectively, according to inter na l estimates.

“Cebu Pacific remains committed to contributing to the local trade and tourism agenda in Davao, by offering the lowest year-

round fares for flights to and from this gem of a tourist destination. Davao has emerged as one of our most popular destinations, with an average of 44,000 passengers flown weekly,” says CEB President and CEO Lance Gokongwei.

CEB’s passenger volume to and from Davao remains robust, with over 2.15 million passengers carried from January to December 2015. This presented a 4% growth compared to the same period in 2014.

These encouraging figures continue into the first quarter of 2016, as CEB flew close to 570,000 passengers from January to March this year – a 13% increase yearon-year.

The airline’s c argo volume to and from Davao likewise yielded strong results, with the Davao market accounting for more than a fifth of Cebu Pacific’s total domestic cargo volume in 2015. And thanks to CEB’s growing network, with CEB the only carrier providing direct flights to other key cities, volumes to and from Davao grew 17% versus 2014. These figures are based on internal estimates.

“We look forward to helping boost more business and leisure opportunities for the people of Davao, and to enabling more carrier/PAGE 10

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

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SM Supermalls celebrate the country’s 118th Independence Day On June 12, 2016, 58 SM malls nationwide united in observing the Philippines’ 118th Independence Day with a simultaneous flag-raising ac t iv it y a nd nu merou s activities lined up for the occasion. In Mindanao, SM malls had a festive celebration through inspired installations and performances that were ref lective of the cultural heritage of the region.

At SM City Davao, the I ndependence Day wa s marked with a flag hoisting ceremony at the mall’s front covered walk along Quimpo Boulevard. The occasion was

kicked off by a parade of 118 colors. Around 250 mall tenants and mall employees attended the occasion along with more than 300 bikers from BJMP and the Habagat Bikers Group. Joining the celebration at SM Davao were the Department of Education XI, the Department of Social Welfare and Development XI, the Overseas Workers Welfare Administration XI, and the Department of Foreign Af fairs— Mindanao. On the mayor’s behalf, Councilor Bernard Al-ag graced the event and del ivered t he i ncomi ng

president’s message. Brgy.

Capt. Rolando Trajera was also in attendance.

The shoppers were greeted with mall employees donning t r a d i t i o n a l Ph i l i p p i n e costumes as they entered the mall. The Annex Event C enter wa s f i l led w it h Filipino music w it h t he per for ma nces f rom U P Mindanao’s Koro Kantahanay and Musikademy. SM Davao’s in-ma l l music was a lso aptly composed of OPM hits. Apart from the musical performances, in conjunction w it h t he Independence Day celebration was the

Department of Tourism- Region 10 Director Catalino Chan III graces the Independence Day celebration at SM City Cagayan de Oro

Philippine Eagle Foundation’s interactive exhibition for the Philippine Eagle Week from June 5 at the Annex Art Strip. Among the exhibit’s components were a forum on conservation, art sessions as well as wildlife interaction.

In SM Lanang Premier, ma ll employees, clad in various national costumes a nd Minda naoa n t riba l wear, together with tenants, security forces and various community stakeholders, gathered for the flag-raising activity along the mall’s Grand Boulevard. Davao City Chamber of Commerce and Industries President Bonifacio Tan graced the activity and shared a message to the audience. Delegates from Davao City Police Office led by PSupt Emmanuel Palicte Caquilala, Philippine Coast Gua rd Dist rict Sout heastern Mindanao headed by Ensign Howard Dwight Dolino, Bureau of Fire Protection-Lanang Fire Station led by SF01 Ulysses Cervantes, Boy Scouts of the Philippines and Girls Scouts of the Philippines also participated in the event.

Barong collector and local media personality Architect Michael Dakudao was on

wednesday|June 22, 2016

3

Paru-paro – ang makabagong simbolo ng magandang pagbabago. The exhibit is located at the Ground Floor of SM City Cagayan de Oro.

hand to join the celebration.

The Davao Girls Choir sang nationalistic tunes during the said event.

In commemoration of I ndependence Day, SM Lanang Premier also placed on exhibit “Mindanao in F a s h i o n” h i g h l i g ht i n g traditional Filipino wear – Filipiniana with modern and interesting designs from Kultura Filipino, customembroidered Barongs from the collection of Arch. Michael D a k u d ao, a nd v a r iou s tribal wear of the Tausugs, M a r a n a o s , H i g a onon s , T’Bolis, Tagabawa Bagobos and Matigsalogs.

I n SM Cit y G enera l Santos, Councilor Shandee L l ido g raced t he event a long w it h t he GenSa n

settlers led by Pat Salazar and the head of City Social Welfare and Development, Reb e c c a Ma ga nte . T he celebration started with a parade participated by MPC Cadets, students from SPED, HTC Ba nd, ma l l tenants, affiliates and admin employees. It was followed with a historical performance

by Teatro Ambahanon and a f lag-raising ceremonial afterwards. Inventor and educator William Moraca shared a short message on nationalism.

T h i s ye a r, SM C it y General Santos mounted a mythical Sarimanok as their giant centerpiece. It is a legendary icon of the Maranao tribe in Moslem supermalls/PAGE 11

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A Good Infection Think a minute…Imagine you are walking through your town or village. Suddenly, you notice how red everyone’s eyes are and that many people are wearing sunglasses—indoors!

You don’t have to be a genius to know that a bad eye infection is spreading, infecting people who in turn infect other people.

You and I can catch many different kinds of infections from other people, especially from those with whom we spend a lot of time, such as our mate and close friends. And we do not just catch physical infections of our bodies. We catch other people’s attitudes, priorities, way of thinking and living. This is the meaning of the well-known saying: “People are known by the company they keep.” That’s why we should choose the person we marry and our close friends very carefully. Like it or not, sooner or later we’re definitely going to be infected and influenced by their way of thinking and living. We will become like them in varying degrees.

Imagine there was someone whom you wanted to influence you with the best character, thinking and lifestyle. Someone you could be with all day every day. A person who understood and accepted you, yet who also

THINK

A Minute

Jhan Tiafau Hurst challenged and helped you improve daily in every area of your life. Soon everything about you started to change: your attitudes and character, your job and career success, your relationships, lifestyle and habits. All because of this one successful, exciting person you spent time with every day.

Well, Jesus Christ came to do just that. He came to infect and start changing you with His character so you can start enjoying real satisfaction and success everyday. So why not ask Him to forgive you for your wrong heart, relationships and lifestyle?

Then ask Him to take charge of your character and way of living. Only then can you catch His divine infection that will change your life permanently.

Just Think a Minute…

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United or alone?

If it comes to relations with China, this question arises. Always. The German chancellor Angela Merkel is winding up her ninth state visit to China. Observers predicted this trip would b e more dif f ic u lt t han previous ones: China is more self-confident. That’s also a chance! Yes, it is. And I agree with German TV commentator says Dagmar Engel in Berlin.

This commentar y could be worded exactly l i ke t he c om me nt ar i e s on the chancellor’s past eight trips to Beijing. Was Angela Merkel outspoken enough on human rights, did she meet with artists and lawyers who are under threat, did she condemn the new repressive NGO legislation, did she demand free access to markets for foreign investors and did she criticize the Chinese steel industry’s surplus capacities and dumping prices? She was, and she did.

Let’s discuss the step in the right direction.

That’s the present. The future could be glimpsed, quite unexpectedly, in the

joint f inal declaration.

Chapter 2, as Dagmar Engel says, is about “cooperation in third countries and on third markets.” The Republic of the Philippines should be soon part of this “thirdworld-circle’ too.

A first trilateral project - on disaster management a n d a u n i v e r s it y - l e v e l cooperation on coal mining - in example involving Germany and China has been launched in Afghanistan.

That may seem like a small step, but for China, a country that normally follows strict noninterference policies, it’s a new direction. The German side’s plan is to get China involved and to use its influence - a strategy that already worked in the nuclear talks with Iran.

How ab out t he ne w dimension of market power?

Concerning cooperation in third country markets, Germany’s idea is to include China, use its economic power - and make money.

Just one example: If the China Railway Rolling Stock Corporation (CRRC) and Siemens join forces on high-speed trains in

third countries, flanked by the China Railways Group and Deutsche Bahn in the fields of Chinese-European freight train transport and the service and maintenance of high-speed trains, that means a market power of entirely new dimensions.

A look ahead shows the Chinese have ideas, too: the transfer of technology, learning a lesson from the German side’s superior image in third markets, making money and then continuing on their own. That’s what might happen - it’s a pattern that German businessmen have complained about often enough.

Germany cannot prevent that development singlehandedly. The European Union is big enough, but it would need a common s t r at e g y on C h i n a . At present, every country is taking care of itself first and foremost, a situation China knows to take advantage of. And just because C hina resp e c ts Angel a Merkel and the German economic powerhouse, that doesn’t mean the goals are any different. Divide and

H ave M y Say

Klaus Doring

conquer - EU heads of government including the German chancellor should counter the strategy with, Together, Germany and China are unconquerable.

Hopefully soon, I might b e a b l e t o re p or t an d comment about Germany and the Philippines. And hopefully “to be united”.

Especially, when it comes to Mindanao and Germany. A German Honorary Consulate is to be opened soon in Davao City... . +++ Email: dor ingklau s@ gmail.com or follow me in Facebook or Twitter or visit www.germanexpatinthephilippines.blogspot.com.

Killings to silence drug pushers?

LIFE’S INSPIRATIONS: “… `I will build my church, and the gates of hell will not prevail over it’…” (Jesus Christ, our God and Savior, in Matthew 16:18, the Holy Bible).

-ooo KILLINGS MEANT TO SILENCE DRUG PUSHERS? Vic Somintac, my co-anchor at “ Tambalang Batas at Somintac”, a radio program that airs Mondays to Fridays at 6 in the morning over at DZEC Radyo Agila 1062 kHz, raised an interesting insight that the on-going killings around the country, just days before President Duterte is to assume office on June 30, 2016, are actually the handiwork of drug lords masquerading as policemen or law enforcement agents in active service.

In our program’s episode on Tuesday, June 21, 2016, Somintac said many people are actually entertaining the possibility that drug pushers and peddlers are being killed now, in an effort to silence them and thereby prevent them from divulging that their handlers are actually rouge p olicemen w hen Duterte finally starts his own campaign against scalawags in the police.

L eo Obligar, one of DZEC’s veteran broadcasters, chimed in, in a rare guesting at “ Tambalang Batas at Somintac”, that this maybe the reason why those who are being killed right now, though branded and identified as “drug pushers”, were mainly of the lower-level operatives who were obviously fronted for bigger drug lords. Not

one of these bigger drug lords have been killed yet, Obligar noted.

-ooo BARANGAY CAPTAIN CANNOT REFUSE TO ACT: Can a barangay captain refuse to entertain complaints pertaining to land problems that have been brought to him for conciliation, pursuant to law, on account of the fact that he himself is a claimant over the same land? The answer is no, he cannot, and any refusal on his part to entertain those complaint opens him up for charges of graft and corruption.

Under Republic Act 3019 or the Anti-Graft and Corrupt Practices Act, any act or omission or failure to act of any official on any matter presented to him in his capacity as a barangay

K akampi

Mo A ng Batas

Atty. Batas Mauricio head would be considered “causing undue injury to a private party”, which is a criminal offense.

My advice to a barangay captain, and to his constituents who feel aggrieved by his refusal to act, is this: the barangay captain must designate a member of batas/PAGE 10

Studying under the Holy Spirit It’s traditional in Catholic schools and other schools inspired by Christian faith to start the school year with a Mass of the Holy Spirit. I suppose the idea is to entrust the whole educational effort to the Holy Spirit who will guide us to the whole truth.

The Holy Spirit is the third person of the Blessed Trinity, the subsistent bond of love between the Father and Son, and whose mission it is to be with us always, since man, according to Christian faith, lives a shared life with God always.

The Holy Spirit therefore is the ultimate principle of life and love and everything else-knowledge, wisdom, underst anding,couns el,

piety, fortitude, fear of the Lord-proper to human and Christian life.

We just cannot live by bread alone, nor by some brilliant ideas alone, things that derive from us or from something else, but not from God. We have to live in the Holy Spirit.

This is a truth that needs to be spread around quite vigorously. There is a steady trend to remove religion from life, from one’s work, business and politics, and even from education.

In its place, some ideology is used to inspire these human activities. If not that, then some crude but generalized attitude of practical atheism, agnosticism, relativism,

naturalism, rationalism,etc.

This phenomenon, I’m afraid, is heading to disaster.

So, I had my share of saying these Masses in some schools.In each of them, I tried to encourage everyone to be aware of the Holy Spirit not only in their studies, but in fact in their whole life, in every aspect, situation, circumstance, state of life, etc.

The Holy Spirit is actually everywhere. In the Gospel, we are told that the “Spirit breaths where he will, and you hear hisvoice but you know not where he comes, and where he goes.” (Jn 3,8) He is everywhere-in one’s conscience, in the Church, sacraments, doctrine of

HINTS

and

Traces

Fr. Roy Cimagala Christian faith, signs of the times, etc.

Of course, in the school setting, this awareness and ability to deal with the Holy Spirit would have its basic foundation in the study and cimagala/PAGE 11

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HOTEL Megaworld to spend P180B RESORTS, & RESTAURANTS for provincial townships BusinessWeek M DIRECTORIES

A PUBLIC SERVICE BY:

E G AW O R L D Corp., the country’s largest developer of integrated u rb an tow nships, w i l l spend about P180 billion to develop its provincial townships in the next 10 years, as opportunities for economic growth look bigger outside of Metro Manila.

“Remember the Philippines has been growing for the last 15 to 16 years already, uninterrupted. There are a lot of opportunities outside Metro Manila. We are well-positioned to grow even more in the regions,” said Megaworld executive director Kingson Sian.

To date, Megaworld has launched 21 integrated urban townships across the country covering around 3,061 hectares in land area.

Tw e l v e o f t h e m , o r more than half, are in the provinces covering around 2,807 hectares while the re m ai n i ng n i n e are i n Metro Manila covering 254

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hectares.

Eight of the company’s 10 biggest townships are in the provinces, with Alabang West and McKinley Hill as the only two Metro Manila townships in the list.

“M a c t a n i s a l r e a d y developing, Iloilo already developing, Davao we’re already developing. If at all, we can even accelerate

(the pace of development),” Sian said.

The company, led by tycoon Dr. Andrew L. Tan, secured its mark in the real estate industry by acquiring land in mostly prime areas around the Philippines during the past two decades.

The result of Megaworld’s sound land banking is its current footprint of over

4,000 hectares throughout strategic areas in the main regions of the country.

“So far, we have utilized a little over 3,000 hectares of our land bank for our township developments.

This means, we still have around 1,000 hectares of land to develop and we are excited to do that in the years to come,” added Sian.

Air Philippines wins P94.7-M tax refund T H E C O U R T o f Ta x Appeals (CTA) has granted a P94.69-million refund to Air Philippines Corp. (now known as PAL Express) for excise taxes paid on imp or ted jet fuel f rom March to November 2006.

In a 56-page decision dated June 10, the CTA Third Division said the airline was able to prove its entitlement to a tax exemption under its franchise charter.

The court cited Section 11 of Republic Act No. 8339 (APC’s legislative franchise), which allowed the airline company to “operate equally” in terms of incentives already granted to the flag carrier Philippine Airlines.

PA L e n j o y s a t a x exempt ion on av i at ion f u e l, p ay i ng c or p or ate income tax or franchise tax in lieu of other taxes.

The exemption is subject to

certain conditions, including fuel imports for the airline’s own use if not available locally in reasonable quality, quantity or price.

The tax court applied the same criteria to APC’s case, and found the firm to have met the said conditions.

It cited Energy Secretary Zenaida Y. Monsada, then the Director of the Oil Industr y Management Bureau of the Department of E ne rg y ( D o E ) , w ho confirmed the witnesses’ testimony that the Jet A-1 fuel was imported for APC’s domestic use.

The decision also did not give weight to a DoE certification obtained by the Commissioner of Customs which stated that aviation fuel is “locally available in reasonable quantity, quality or price.”

Instead, the court pointed out that the “local

availability” of Jet A-1 fuel should not have included imported fuel as well.

“Af ter a l l, if lo ca l ly available Jet A-1 fuel includes both local production and imports, there will never be an instance when the Jet A-1 fuel available is insufficient to meet the demands of the domestic market,” the decision read.

Since the law stated that the fuel must be locally unavailable in reasonable quantity, quality “or” price, the court noted APC can avail of tax exemption by proving even just the lack of locally available fuel at a reasonable price.

In this case, the court gave weight to the testimony of APC fuel Department Supervisor Edwin J. Segundo, who said the difference in the cost of locally available fuel and imported fuel is “substantial and significant

enough to cause a high dent on the cost of domestic operations of all airlines.”

The decision was written

by Associate Justice Lovell R . Bautista, with the concurrence of Associate Ju s t i c e M a . B e l e n M .

Ringpis-Liban.

Associate Justice Esperanza R. FabonVictorino dissented, saying that the court should not “simply adopt... hook, line and sinker” APC’s assertion that it used the fuel for its domestic operations.

She added in her ninepage dissenting opinion that the DoE’s certification on the presence of locally available fuel should have been given credence.

APC is the budget carrier of listed PAL Holdings, Inc. It rebranded as PAL Express on March 15, 2013, and continues to operate domestically.

Aboitiz gets 11 contestable customers for open access ABOITIZ Power Corp. gained 11 new contestable customers for open access in Central Luzon.

According to a statement from the power firm Monday, its subsidiary AdventEnergy was selected by the following companies: Yokohama, HLD Steel Pipes, Amertron, Multitek, Kodec Precision,

Nidec Subic Philippines, Juken Sangyo Corp., Sanyo Denki, Nicera Philippines, Hitachi Terminals Mechatronics and EZSET Tonglung Metals.

Contestable customers have a consumption of 750 kilowatthour (kW) or more, which entitles them to select their retail electricity supplier.

Aboitiz Power said the

companies will use power harnessed from renewable energy.

The power firm also noted Philippine Resins Industries, Inc. also tapped Aboitiz Energy Solutions, Inc. as its new supplier last Jan. 26.

“We are greatly honored to be chosen as partners of these successful companies.

We are committed to

delivering great power and contribute more to the success of our new partners,” Aboitiz Power executive vice president Manny Rubio said.

The two retail electricity suppliers are whollyowned subsidiaries of Aboitiz Power Corp, which is engaged with power generation and distribution. (PNA)

Best in Business and Economic Reporting

Philippine Press Institute Civic Journalism Community Press Awards 2013

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CivicAction

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

BIR padlocks Oro’s SLERS Ham and Cafe’ C

By CHENG ORDOÑEZ, Executive Editor

AGAYAN DE ORO CITY – A Bureau of Internal Revenue (BIR) closure order signed

by Commissioner Kim Henares herself has caused the padlocking of a deli shop owned by a family corporation situated along Velez corner Del Pilar Streets, here.

Henares’ order padlocked Tuesday, June 21, 2016, OC Pelaez’ Pica-Pica

by SLERS store by officials from the Bureau of Internal Revenue-Revenue Region 16 (BIR-RR16) headed by Regional Director Glen Geraldino.

The closure order, dated May 30, 2016, was based on the “enclosed recommendatory report of the Investigating Office, as reviewed by the Regional/

National Review Board” of the BIR Central Office in Manila.

Geraldino said the store has been using an unregistered point-of-sale (POS) machine, which is in violation of Section 9 of Revenue Regulation 112004, as it failed to issue registered official receipts by a value-added tax (VAT) “Registerable Taxpayer” as required under Sec. 237 of NIRC and Sec. V of RMO 3-2009.

The BIR investigation also revealed that the establishment has an “underdeclaration of annual sales by P2.624 million or 100 percent for taxable year 2015, which is more than the 30 percent threshold specified under section 248 of the [National Internal

Revenue Code] to be considered as fraudulent.”

Geraldino said the company is required to pay almost P600,000 in taxes for its branch to be reopened.

The store is the only branch which has not become a part of the corporation ran by the Pelaez family, he said.

Isidoro Lubguban Jr., the company’s business control team leader, has vowed to rectify the firm’s shortcomings, even as he acknowledged they have violated some rules.

Lubguban said they will settle their obligation with the BIR within the week.

“We are willing to pay any penalty,” he said in an interview prior to the store’s closure.

The BIR identified the owner of the store as OC

Pantawid Pamilya braces for calamities. The local disaster risk reduction management council of Lala, Lanao del Norte, in coordination with Pantawid Pamilyang Pilipino Program (Pantawid Pamilya) of the Department of Social Welfare and Development, holds series of lecture on readiness of community against any eventualities such as this where beneficiaries of Pantawid Pamilya listen to the lecture. Photo by the Municipal Action Team of Lala. (DSWD-10)

Pelaez Corporation, but Lubguban said the company goes under the name Slers Industries, Incorporated, as its registered business name.

Slers Ham and Cafe’ specializes in country style ham, including chicken ham and processed meat products, sandwiches and baked breads. It began as a personal culinary endeavor in 1969.

With Director Geraldino were Regional District Officer Venerando Homez, Atty. Dondanon Galera, Group Supervisor Lawrence Cabeltes, Revenue Officers Jesreel King De Torres, Ruth Rivera, Ellen Galendez and Jamalia Dibarosan.

Anti-trafficking council urges women, children to report rights violation CAGAYAN DE ORO CITY – With the 383 cases that requested for police assistance pertaining to Violence Against Women and Their Children (VAWC) in the first quarter for this year, the Regional Inter-Agency Council Against Trafficking (RIACAT-VAWC) in northern Mindanao still encourages women and children to report crimes against them as the reported cases is just a fraction of a greater number of VAWC incidences in the region.

PCI Gwendolyn Cinco of the Philippine National Police-Police Regional Office 10 (PNP-PRO 10) said that of the total cases, there were 14 filed cases that involved crime against children and 23 involved violence against women.

With these reported cases, Cinco shared that 156 police stations continuously conduct weekly seminar/training/ workshop to Women and Children’s Protection Desks (WCPD) personnel for skills

enhancement especially to handling cases that involve new or amended law pertaining to women and children.

Furthermore, lawyer Ruby Malanog of the Department of Justice-10 (DOJ) said that to encourage more women and children to report any incident where their rights are violated, it is necessary to have all the local VAWC desks functional and that the Department of Health (DOH) should ensure the presence of psychologists in hospitals who will not only help in giving justice to victimsurvivors but will also aid in the latter’s full recovery.

Based on the Republic Act 9262 or the Anti-Violence Against Women and Their Children Act of 2004, VAWC refers to any act or a series of acts committed by any person against a women who is his wife, former wife or against a woman with whom the person has or had a sexual or dating relationship, or with whom

he has a common child, or against her child whether legitimate or illegitimate, within or without the family abode, which result in or is likely to result in physical, sexual, psychological harm or suffering, or economic abuse including threats of such acts, battery, assault, coercion, harassment or arbitrary deprivation of liberty.

Thus, the council urges women and their children who are victims of physical, sexual and psychological violence, and economic abuse to go to the nearest VAWC protection desks, usually situated in barangay halls, police stations or social welfare and development offices for assistance.

Currently, the RIACATVAWC 10 works on including men or boys in VAWC advocacy since most of the time the perpetrators are men aside from conducting symposium to schools, universities and other public areas.(RTP/PIA10)

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PHL posts $241-M BOP surplus in May ‘16

I

NFLOWS from Bangko Sentral ng Pilipinas’ (BSP) operations and income from overseas investments boosted the Philippines’ balance of payment (BOP) position in May 2016.

Data released by the c e nt r a l b an k Mond ay

showed a US$ 241 million BOP surplus in the fifth month this year, higher than month-ago’s US$ 184 million surplus and a reversal from the US$ 58 million deficit in May 2015.

As of end-May this year, the BOP surplus amounted

BSP prescribes steps in case of identity theft THE CENTRAL BANK has alerted the public against identity theft, prescribing several steps which the public can take in cases of a security breach in their bank accounts.

In a s t at e m e nt on Friday, the Bangko Sentral ng Pilipinas (BSP) said individuals who suspect that their personal data or f i n anc i a l a c c ou nt s have been compromised must immediately change their security details and promptly alert their banks and creditors.

Identity theft entails stealing of personal information used to commit fraud by using a person’s money, credit history, and reputation.

“If a person thinks

t hat h is / he r p e rs ona l infor mat ion has b e en compromised, the BSP advises the public to change their passwords, security questions relating to their personal information, ATM (automated teller machine), and online access,” the BSP said in a statement sent on Friday.

If a person’s account has already been used without his/her consent, one must immediately notify the institution where the fraudulent transaction took place, as well as the bank or financial entity where the account belongs for prompt action.

The victim must also lodge a formal complaint before the Anti-Cybercrime bsp/PAGE 11

to US$ 216 million, way lower than year-ago’s US$ 1.2 billion surplus due in part to large deficit in the first quarter this year.

BSP Governor Amando Tetangco Jr. said the BOP surplus in the fifth month this year was countered by the payments by the

national government of its maturing foreign currency denominated debt. ”As real funds weigh the Fed’s relatively more dovish recent comments and as the country’s domestic demand remains robust, the banking system sound and inflation stable we can expect to

register more inflows in the months ahead,” he said. ” The US$ 2 billion projected BOP for full year is attainable, given (the) information we have now,” he added.

T h e c e nt r a l b an k’s policy-making Monetary Board (MB) has cut its

BOP surplus projection for this year from the US$ 2.2 billion target set in December 2015 due to expected lower growth in exports and imports, among others.

In 2015, the country registered a US$ 2.62 billion BOP surplus. (PNA)

TPG Growth, the middle market and growth equity investment platform of TPG, yesterday announced an agreement with BDO Unibank, Inc., to acquire a 40 percent stake in One Network Bank (ONB).

Based in Davao, ONB is the rural bank subsidiary of BDO, with more than 100 branches and offices.

Following the transaction, BDO will retain approximately 60 percent ownership in ONB. “ We l o o k f o r w a r d to working with TPG t o a c c e l e r a t e O N B ’s expansion and to develop n e w pro du c t s t o c ove r the underser ved market segments.” said Nestor V.

Tan, President and CEO of BD O. “ Through this p a r t n e r s h ip, O N B w i l l benefit from TPG’s global exp erience in f inancial ser vices, especially in developing markets.”

This new phase of ONB’s growth is aligned with the Bangko Sentral ng Pilipinas’s (BSP) efforts to improve financial inclusion in the countr y.

BDO is the market leader in the domestic banking industr y with strong brand recognition, a solid b a l an c e s h e e t , an d t h e countr y’s largest branch and ATM network.

TPG has partnered with more than 15 f inancial services companies across Asia. In 2008,

TPG worked with Bank Ta b u n g a n P e n s i u n a n Nasional (BTPN) of Indonesia to open more than 550 new branches and create a microloan bus i ne ss t hat g re w t he bank’s customer base to more than 2 million group lending program clients and 250,000 micro, small, and medium enterprises (MSMEs). Across its platform, TPG has invested in a wide variety of financial ser vices c omp a n i e s t h ro u g h o ut Asia, including Indonesian financial institution BFI; J a n a l a k s h m i , I n d i a’s largest microfinance institution; the Shenzhen Development Bank in China; and Union Bank

of Colombo in Sri Lanka.

“TPG has worked with many h i g h ly i mp a c t f u l financial services business es across Asia.

Our insight in the sector has come from years of identifying and developing the full potential of strong businesses,” said Ganen Sar vanant han, He ad of TPG Southeast Asia.

“Together, BDO and ONB have built an impressive f o u n d a t i o n . We l o o k for ward to bringing all that we’ve learned into a collaborative partnership and expanding the impact they’ve already created.”

The transaction is subject to closing conditions and regulatory approval.

TPG to acquire 40% stake in One Network Bank from BDO

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wednesday|June 22, 2016

Poverty... from page 1

jobs.”

“From c ons u mpt i on driven as a share of GDP (Gross Domestic Product) is something 2/3, too high…

Rebalance from being servicedriven to agriculture and manufacturing,” he noted.

He said this is why development has not been felt down to the grassroots.

Pernia was addressing the country’s business leaders at the opening of the two-day “Sulong Pilipinas: Hakbang Tungo sa Kaunlaran” at the SMX Convention Center that opened on Monday (June 20).

He acknowledged t h e c o u n t r y ’s g o o d macroeconomic performance under President Benigno S. Aquino III but said it failed to address poverty and inequity.

“The performance of the Aquino government has been really good in macroeconomic performance. But in terms of subnational or lower level either in terms of sector distribution or sectoral breakdown of GDP, the performance has rather been uneven and not as healthy for the country to move in inducing economic growth,” he said.

He added it is necessary to take investments out from the National Capital Region to the regions and develop more cheaper renewable energy sources.

He said poverty rates improved too slow between 2006 and 2012, which covered the Arroyo and Aquino administrations.

The first semester poverty incidence in 2015 stood at 26.3 percent, improving only by 1.6 percentage points as compared to the same period in 2012 at 27.9 percent, Pernia said citing figures from the Philippines Statistics

Authority.

“In terms of poverty reduction, there are initial signs of strides in poverty reduction but very little between 2006 and 2012, where poverty went down by over 1 percentage. This is very poor of the poverty reduction,” he said.

He explained that even if the countr y’s poverty incidence has improved, the absolute number of poor Filipinos has continued to rise because of a bigger population base.

Pe r n i a , h o w e v e r, commended the Aquino administration for keeping external debt on a downward swing and earning the country some credit ratings upgrade.

Incoming Budget Secretary Benjamin Diokno said the incoming administration will increase domestic rather than foreign borrowings.

“There’s a lot of money within the economy. Why not borrow domestically?

We should not borrow from abroad,” he said.

Infra... from page 1

And were thinking about Php800 billion to Php1 trillion for infrastructure,” he said.

Under the current Aquino administration, infrastructure investment has been increased to account for five percent of GDP, which Diokno said remains low compared to neighboring countries.

The incoming government e yes to implement not just major infrastructure projects but more on small and medium-sized projects particularly at the countr yside to ensure a more inclusive growth, citing that this will provide more job opportunities for more people.

Aside from infrastructure,

the other budget priority is human capital. ”We need that very badly because we have a very young population. We need to invest in education, health and nutrition so we are going to produce competent, world class work force,” he said.

During the current Aquino administration, the budget is submitted to Congress a day after the President’s State of the Nation Address (SONA) in July.

Diokno said the C onst itut i on g ive s t he President 30 days after the SONA to submit the proposed budget for the following year, thus, they will submit the proposed budget 15 days to three weeks after the SONA. He said he has seen the proposed 2017 budget but declined to elaborate on it except on some proposed changes such as on some sp e cia l prov isions, t he definition of savings, which is targeted “to go back to the old definition of savings”; and the careful review of the bottom-up-budgeting (BUB) program. ”(We have to) make sure that it only benefit the depressed municipalities not all the local government units.

A lot of things we will look at,” he said.

Diokno said they will ensure the timely approval of the budget or before the year ends. ”Remember (incoming) President (Rodrigo) Duterte has supreme majority in the both houses, so I don’t see it as a problem,” he added.

(PNA)

PPI...

from page 1

the Disputes in the West Philippine Sea,” also marks PPI’s celebration of its 52nd anniversary.

Supreme Court Senior

Associate Justice Antonio T. Carpio, a much sough-after speaker on the Philippines’ mar it i me c on f l i c t w it h China, is the guest of honor at this year’s annual PPI event.

T he for u m w i l l a ls o highlight media’s role in enhancing public awareness and engagement around the highly contested West Phi lippine S e a, p ar t of the South China Sea that lies within the country’s exclusive economic zone and is in t he center of the Philippines’ territorial conflict with China.

Yet another highlight the forum is the 2015 Civic Journalism C ommunity Press Awards, t he on ly awards program of its kind in the country. It seeks to honor local print media organizations that have d e monst r ate d e d itor i a l e xc e l l e n c e an d e ar n e st pursuit of their role as catalysts for community development.

Categories for the awards include Best in Fisheries Reporting, Best in Culture, Arts and History Reporting, Best in Photojournalism, B e s t i n E nv i ron m e nt a l Reporting, Best in Business and Economic Reporting, B est Editorial Page and Best Edited Community Newspaper. The Best in E le c t ion Rep or t ing has been added as a special categor y for t his ye ar’s awards.

Several weekly and daily member publications have been named as finalists for the annual competition.

For the daily category, the finalists are The Freeman, Mindanao Times, Sun.Star Pampanga, Sun.Star Cebu, Sun.Star Baguio, Sun.Star Davao, and Cebu Daily News. For the weekly division, the

finalists are Sunday Punch, E a s t e r n Vi s a y a s M a i l , 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.

T h i s y e a r’s e v e nt i s supported by Nickel Asia Corporation as p r i n c i p a l p a r t n e r, a n d sponsored in part by National C ommission on Culture and the Arts, PhilHealth, Bayer, Land Bank of the Philippines, Philippine Veterans Bank, Holcim Philippines, Oceana Philippines, Plan International (Philippines), P h i l ippi n e A mu s e m e nt and Gaming Corporation, Isuzu, Vera Files, Malaya Business Insight, Philippine D ai ly Inquirer, Jour na l Group, The Philippine Star, BusinessWorld, and The Standard.

Partnership programs with Holcim Philippines, Oceana Philippines and Plan International — Philippines will also be re-launched dur ing the PPI forum. Vera Files will p r e s e nt i t s j o u r n a l i s m fel l ow sh ip pro g r am on

9

2014 ppi’S Best in ENVIRONMENTAL Reporting

Road Safety in the same event.

Incumbent, and threeterm, PPI chairmanpre si d e nt Je sus D ure z a will formally hand over the reins to his successor in the same PPI gathering.

He is s et to join the Duterte Administration as Presidential Adviser on the Peace Process.

Incoming Press Secretary and Chief of Presidential Communications Operations Office Martin Andanar will meet with the PPI members in a special session called “The Malacañang Press Office and the Press”.

P P I ’s memberpublications rank among the most read and widely circulated newspapers in their respective regions.

The institute’s principal mandate is t he defens e of press freedom and the promotion of ethical standards among Filipino journalists.

P P I w a s fou n d e d i n 1964 but ceased operations d u r i n g m a r t i a l l aw. It was reactivated after the EDSA Revolution in 1986 and incorporated as a non-stock, non-profit organization in 1987.

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wednesday|June 22, 2016

Improve... from page 2

pinaagi sa natabang sa DSWD ug nahatag nga bag-o nga kahanas sa 1 AND ALL Technical School (I am really glad because of this milestone in my life, that despite the fact that I am only a high school graduate, I was able to find a job and given an opportunity to improve our living condition through the support of DSWD and 1 AND ALL Technical School),” Reynan shared.

Reynan earns about P6,000 a month as a technician in Globe Telecom.

Guillermo Baliling Jr., 25, single, shares the same experience with Reynan. As a Lumad coming from the same province of Bukidnon where farming is the main source of livelihood, Guillermo also dreams of having a well-paid job to support his family.

“Mao dagko kaayo ang akong pasalamat sa kini nga mga institusyon kay sila ang nahimong instrumento nga sa hinay-hinay ako na makabot ang akong pangandoy sa kinabuhi (Because of this I am very thankful to these institutions for being the instrument of change and opportunity for me to reach my goals),” says Guillermo.

“Ug manghinaot ko nga daghan pa ang matabangan aning programa (And I am also hopeful that other people will also benefit from this program),” he adds.

From the mountainous

remote area he now takes his journey in the city as he became the head auto mechanic in Opol Auto Repair Shop that earns him a minimum of P250 a day depending on the number of clients.

Reynan and Guillermo are b ot h c e r t i f i e d NC II passers of Electrical Installation Maintenance and Automotive Servicing assessment examination conducted by 1 AND ALL Technical School, the same school that provided for their starter tools after graduation and recommendations for employment.

“Our school ensures hands on approach in teaching and we are very generous in terms of sharing the best techniques and tools to our students to make sure their gains are par excellence and beneficial for their future,” says Joy Co, president of 1 AND ALL Technical School.

“Rest assured that we will also continue sharing similar change stories of our graduates, to serve as an inspiration, to all of us working in community development,” she affirms. ( Jamila M. Taha/D OH/ PIA10)

Cebu, Clark, Kalibo, and Iloilo. The airline’s extensive network covers over 90 routes and 64 destinations, spanning Asia, Australia, the Middle East, and USA. CEB’s 57-strong fleet is comprised of 7 Airbus A319, 36 Airbus A320, 6 Airbus A330, and 8 ATR 72-500 aircraft. Between 2016 and 2021, CEB expects delivery of two more brand-new Airbus A320, 30 Airbus A321neo, and 16 ATR 72-600 aircraft.

For bookings and inquiries, guests can visit www.cebupacificair.com or call the res er vation hotlines (+632)7020-888 or (+6332)230-8888. The latest seat sales can be found on CEB’s official Twitter (@C ebuPacif icAir) and Facebook pages.

Guests may also download the Cebu Pacific official mobile app on the App Store and Google Play.

Batas... from page 4

the barangay council to act on the complaints, inhibiting himself from any proceeding because of his own private interest. But, to repeat, he cannot refuse to act on the complaint altogether!

-ooo CHURCH OF JESUS WILL from page 2 COME FROM RP: In Matthew explore this vibrant Southern 16 of the Holy Bible, we are capital,” added Gokongwei. told that Jesus, our God and Aside from Davao, CEB Savior, pronounced He is to also operates flights out of five build His own church. This other strategically placed hubs Church will be the church of in the Philippines: Manila, salvation, because, as Jesus

Carrier...

himself explained, the powers of hell will not prevail over the church. This means the members of that Church of Jesus will not go to hell, but would live with Him in Paradise in eternal life.

It is therefore important that each and every person should become a member of that Church of Jesus. Unfortunately, however, Matthew 16 did not say where or what that Church is going to be. Be that as it may, that should not pose any problem because other verses in the Bible clearly say that the Church of Jesus will be established in the “east”, from the “far off land”.

Members of the Anak ng Diyos Kadugo Ni Kristo (Children of God Blood Kin of the Christ) Church believe that “east” and “far off land” meant the Philippines, that the Church of Jesus would be established---as it is already established, in fact---in the Philippines. What a great blessing this is, indeed!

-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.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE REGIONAL TRIAL COURT SHERIFF NOTICE OF EXTRAJUDICIAL SALE EJF File No. 2016-236 Upon extrajudicial petition for sale under Act No. 3135 as amended

by Act No. 4118, filed by HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG) against EVANGELINE D. OLIVEROS, with postal address at c/o Basilia D. Aranjuez, Blk. 15, Lot 13, Regency Plain Subd., Iponan, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of May 11, 2016 amounts to FOUR HUNDRED THIRTY SEVEN THOUSAND THREE HUNDRED FORTY EIGHT PESOS and 34/100 (P437,348.34) including interests and penalty, charges, attorney’s fees and expenses of foreclosure, the undersigned will sell at public auction on July 20, 2016 at 10:00 in the morning to 4:00 in the afternoon, at the Office of the Clerk of Court, Regional Trial, City Tourism Hall, Cagayan de Oro City, to the highest bidder, for cash or manager’s check and in Philippine Currency, the following property described below including all existing improvements found thereon;

TCT NO. T-125574 “A PARCEL OF LAND (Lot 13, Block 15, of the cons. Subd. Plan, PCS-10-001781, being a portion of Lot No. 3650 to 54, all of Cad-237, Cagayan Cadastre, xxx.) situated in the Barangay Iponan, City of Cagayan de Oro, Island of Mindanao, Containing an area of One Hundred Forty Three (143) sq. m. more or less.xxx

All sealed bids must be submitted to the undersigned on the above sated time and date.

In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication.

Prospective buyers may investigate for themselves the title herein above described and encumbrances thereon, if any there be.

DONE this 17th day of June, 2016, in the City of Cagayan de Oro.

(Sgd.) ENRIQUE M. TALAG, JR. Sheriff IV

BWM: June 22, 29 & July 6, 2016 Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 21 Cagayan de Oro City

DEED OF EXTRA-JUDICIAL SETTLEMENT AND PARTITION OF THE ESTATE CHITO JOSE R. ZAYAS 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

NATIONAL HOME MORTGAGE FINANCE CORP. (NHMFC)

Mortgagee

-versus-

JOSE SEVERIO BUSTAMANTE BATAR

Mortgagor/s x-------------------------------------------/

BWM: June 8, 15 & 22, 2016

BWM: June 22, 29 & July 6, 2016

EJF FILE NO. 2016-216 For: Extra-Judicial Foreclosure of Real Estate Mortgage Under Act No. 3135 as Amended by Act 4118

NOTICE OF EXTRA-JUDICIAL FORECLOSURE SALE (EJL FILE NO. 2016-216) Upon extrajudicial petition for sale under Act No. 3135 as amended

by Act No. 4118, filed by NATIONAL HOME MORTGAGE FINANCE CORPORATION against JOSE SEVERIO BUSTAMANTE BATAR, Single, of Legal age, Filipino Citizen, with postal address at Lot 10 Block 17, VILLA CANDIDA SUBD., BULUA, Cagayan de Oro City/ #6 BLK 32 RER 2 SUBD., CAGAYAN DE ORO CITY to satisfy the mortgage indebtedness which amounts to FIVE HUNDRED EIGHTY NINE THOUSAND FIFTY THREE PESOS & 95/100 ONLY (P589,053.95), exclusive of interest and penalty charges as of ARIL 30, 2016, the undersigned will sell at public auction on JULY 14, 2016, at 10:00 A.M. to 4:00 P.M. AT THE REGIONAL TRIAL COURT, City Tourism Hall, Cagayan de Oro City to the highest bidder, for cash or manager’s check and in Philippine Currency, the following property described below including all existing improvements found thereon, to wit: TCT No. T-66239 A PARCEL OF LAND (Lot 10 BLOCK 17 Psd-10-015484, being apportion of Lot 6221-C, Psd-10-012775) situated in the Barrio Bulua, City of Cagayan de Oro, Island of Mindanao, containing an area of FIFTY (50) square meters more or less, registered in the name of JOSE SEVERO BUSTAMANTE BATAR. All sealed bids must be submitted to the undersigned on the above stated time and date.

In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication.

Prospective buyers may investigate for themselves the title hereinabove described and encumbrances thereon, if any there be.

Cagayan de Oro City, June 10, 2016.

(Sgd.) EFREN G. MACABAYA Sheriff IV

BusinessWeek MINDANAO

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wednesday|June 22, 2016

Supermalls... from page 3

Mindanao which symbolized wealth and prosperity.

B’laan performances and “The Lutes of Philippine Exhibit” highlighted the celebration. Two faglong masters Ai lon Ja ma n Tolentino and Rosita Tao entertained the public by playing their tribal songs using a faglong, a Philippine two-stringed, fretted boatlute. Bi ng Ca ri ño, who c u r ate d “ T he Lute s of Philippine Exhibit,” said that the exhibit raises awareness to the public, especially the youth, about the rich and diverse culture of the country.

In SM City Cagayan de Oro, employees take pride in wearing Filipiniana and Barong Tagalog to show their love for the country on I nd e p end enc e D ay.

To add to t he patriotic celebration, Momz Perfect wowed the audience with their powerful rendition of OPM classics while the Xavier University Dance Troupe performed beautiful and vibrant Philippine folk dances. Other highlights include the solo performance of Ran Obenita singing “Umagang Kay Ganda” and the ballet dances of Grace and Pointes to commemorate the Philippine Independence.

For ma ny yea rs, SM

Supermalls has stood at the forefront of engaging the public in the country’s Independence Day celebration. It has recognized its significant role in every community where an SM mall operates.

Cimagala... from page 4

mastery of the doctrine of the Christian faith. And so, everyone in the school, staff, teachers and students, should try his best to take his doctrinal studies seriously.

We need to understand that the Christian faith is always relevant in all aspects of life. If we still do not see the connection and the relation between our faith and our concerns, for example, then we have a problem to solve.

The Christian faith is not just a written word. It is the living word of God as well as a life-giving word.

The task, of course, is not easy. It will involve a continuing effort, ever deepening and extending in depth and scope. It will ask for an increasingly concerted effort as well, since this thing just cannot be done alone or by a few. Indeed, the faith is not just a personal, private affair. It needs to be made a culture.

We s h o u l d t r y t o avoid getting stuck at the kindergarten level, just memorizing and mouthing

things we hardly understand, muchless, use in real-life situations. We need to know how the faith figures prominently in our daily affairs.

Every situation in life carries with it a divine message which we should try to discern and act upon. We just cannot approach these situations purely from the point of view of economics, sociology or politics alone. God is always in the middle of things.

One of the tragedies of our times is to witness alumni of Catholic schools involved in campaigns that go against Christian faith and morals.

Nowadays, for example, we have groups like Catholics for RH, Catholics for Free Choice.

It would not be farfetched t o e x p e c t g roup s l i ke

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)

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:

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

NOTICE OF EXTRA-JUDICIAL SALE File No. 218 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

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.

The prospective buyer/s may investigate for themselves the title of the herein described property/properties and the encumbrances thereon, if any there be.

Cagayan de Oro City, 6 June 2016

BWM: June 15, 22 & 29, 2016

(Sgd.) VIRGILIO J. CABANLET

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

Gingoog City this 31st day of May 2016.

BWM: June 8, 15 & 22, 2016

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.

Done this May 30, 2016 in the City of Cagayan de Oro, Philippines.

(Sgd.) RICO A. REMALIG Sheriff IV

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.

FOR THE EX-OFFICIO SHERIFF

BY:

(Sgd.) FLORA C. PEREZ

Sheriff IV

RTC-Branch 43

Gingoog City

to actively safeguard personal information to protect themselves f rom identity theft,” the BSP adv is or y re ad.

In May, BSP D eput y Governor Nestor A. E s p e n i l l a , Jr. s a i d t h e cent ra l b an k is draf t ing additional rules covering b a n k s’ d e f e n s e a g a i n s t emerg ing c y b er t hre ats, covering credit card and AT M f r a u d a s w e l l a s bank hacking seen on t he r is e.

BWM: June 8, 15 & 22, 2016

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

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.

Cybercrime Group of t he Phi lippine Nat iona l Po l i c e o r t h e Nat i o n a l Bure au of Invest igat ion Cybercrime Division for invest igat ion.

“The BSP also reminds f i nanc i a l c onsu me rs to cooperate with their banks w hen t he l atter ask for a d d it i on a l i n for m at i on to improve t he s e c ur it y o f t h e i r a c c o u nt s , a n d

OFFICE OF THE CLERK OF COURT & EX-OFFICIO SHERIFF

from page 7

“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”.

BSP...

Prospective buyers/bidders may investigate for themselves the title herein above described and encumbrances thereon, if any there be.

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

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---------------------------------------------/

Catholics for divorce, or for abortion, same-sex marriage, euthanasia, etc.These are clear indications that the Christian faith was not properly taught, studied and assimilated in the schools.

It’s not that the schools should manufacture Christian robots. Nothing can be further than what Christian faith demands. But things should be done in such a way that Christian faith is learned and lived freely and lovingly.

The challenge, problems and difficulties will be enormous.But if we humble ourselves and beg our Lord for help, we know nothing is impossible. We need to work on our humility to keep our learning and living of our faith going. The Holy Spirit comes to us to the extent that we humble ourselves.

11

2014 ppi’S Best in ENVIRONMENTAL Reporting

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 ing motor

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS NEWSPAPER wednesday | june 22, 2016

2014 ppi’S Best in ENVIRONMENTAL Reporting

Motoring Editor: GILBERT Y. CHAO

12

DOE issues Euro 4 Ecorun official results

The Next Rev – Yamaha Club Grand Touring

The Department of Energy (DOE) and Petron Corporation yesterday issued Fuel Economy Rating certificates to 22 car brands, which participated in the recent DOE Euro 4 Fuel Economy Run. Twenty-one car companies in the Philippine market fielded a total of 70 models of various body types and engine displacements last May 27 to mark the 12th Fuel Economy Run led by the DOE. They traversed a preset route of 280-kilometers starting from Petron Clark station in Angeles City, Pampanga, through SCTEX (Subic-Clark-Tarlac Expressway), TPLEX (TarlacPangasinan-La Union Expressway), and back, in a

controlled run to approximate standard driving conditions.

Fueled by Petron XCS (95RON), 27 out of 38 gasoline vehicles, or a significant 71% of the entries, produced fuel economy ratings exceeding 20 kilometers for every liter. For vehicles powered by Petron Turbo Diesel, 21 out of 32 participants (66%) achieved over 20 km/l. The best performances were registered by a Suzuki Celerio with 29.14 km/L using Petron XCS, and an Isuzu D-Max getting 38.46 km/L on Petron Turbo Diesel. The fuel economy ratings obtained in the run serve to expand the Philippine Energy Standards and Labeling Program (PESLP) of the DOE.

As if to end the summer season with a bang, Yamaha Motor Philippines took more than a hundred riders on an epic journey along the scenic coastal roads of Cebu.

Dubbed as “The Next Rev: Yamaha Club Grand Touring”, the 134-kilometer route might have been a bit short for seasoned riders but it is precisely so to allow novice riders to join in a weekend of fun and camaraderie.

The trip began early morning at Kart Zone in Cebu city.

After breakfast, the participants were arranged into four groups to make the entire convoy of motorcycles easier to manage on the road. The same group assignments

were used for the activities and games that awaited them at Brumini Resort in Oslob, Cebu. To my delight, Yamaha assigned this writer an NMAX motorcycle unit and taking the trip on the saddle made the experience all the more fulfilling.

There was a light drizzle when we reached Oslob and this made the otherwise perfect road a bit slippery.

The NMAX is the only scooter in its category that comes with anti-lock brakes and it gave me confidence to squeeze out every bit power the 155 cc mill has to offer. Before noon, we were already receiving room assignments at Brumini Resort.

The fun, however, was far from over.

A quick boodlefight lunch and we’re off to Sumilon island.

Even after a night of partying, everyone was up early the following day. We were all excited to see the Butanding (whale shark) up close and personal.

Yamaha regularly organizes and sponsors touring rides like this for Yamaha

Club members, as a means of showing appreciation for their loyal patronage.

Being a member also entitles you to product discounts at Motoworld and other freebies at Yamaha events.

The best thing of all, membership is free.

To know more about Yamaha Club its future activities, visit www.yamahamotor.com.ph

Fire up the streets – Honda CB150R Streetfire The Honda CB150R Streetfire is powered by a liquid cooled 149.16 cc singlecylinder DOHC engine which churns out 12.9 kw @ 9000 rpm and 13.8 Nm @ 7000 rpm. This writer had the privilege of having initial riding impressions at the Honda Safety Driving Center in Paranaque and the latest offering from the Honda stable did not disappoint.

Having the entire 2.4 hectare facility to myself, I was able to put the bike through its paces.

Acceleration is phenomenal, even with a 200-pound rider on top. Tipping the scales at 136 kilograms, the

Streetfire is not quite the lightweight but it did hide its heft well.

Switching directions required little effort and handling is quite stable especially in corners. You’d definitely want to make all those turns as the stock IRC 17inch tubeless tires give excellent grip even when leaning at low angle.

Even with its compact dimensions, the overall riding position doesn’t feel cramped. The grips are lowered a bit and the pegs are set towards the rear to allow a rather aggressive stance. The muscular tank enables you to securely fasten

yourself on the saddle and it can hold up to 12 liters of fuel as well. The seat is quite comfy and it will accommodate a passenger without much fuss. At 797 mm, most riders will be able to straddle it with both feet planted on the ground. As expected of bikes with the winged logo,

clutch pull is light and the six-speed manual transmission is precise. There is also ample spacing between the gears so you don’t have to shift frequently when in urban traffic.

The Honda CB150R Streetfire is available in two colors and has an introductory price tag of P 116, 800.