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BusinessWeek MINDANAO

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Volume V, No. 188

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Briefly Top trainee DAVAO City -- A Philippine representative was cited for excellent performance in the “Regional Training on Project Management” for BIMP-EAGA and IMT-GT held recently at the Universiti Sains Malaysia in Penang, Malaysia. Gemma Dagaas, development management officer IV of the Mindanao Development Authority (MinDA), received special recognition for ‘Best Project Proposal’ along with her five team members who presented during the training conducted by the Asian Development Bank (ADB) under its Advancing Regional Cooperation and Integration through the BIMP-EAGA and IMT-GT. BIMP-EAGA stands for Brunei Darussalam Indonesia Malaysia the Philippines East ASEAN Growth Area, while IMT-GT stands for Indonesia Malaysia Thailand Growth Area. The two sub-regional groupings were formed with the goals of promoting trade, investment, and tourism in less-developed states and provinces.

Globe cruise tourism SURIGAO City -- With the theme, “Stretching the Boundaries of Cruise Tourism,” the provincial government of Surigao del Norte was invited to attend the 2nd Edition of Global Cruise Tourism Conference and Exhibition (GCTCE 2015) which will take center-stage in Malaysia from August 7 to 10, this year. As a result of the market encounter in the World Travel Mart in London, England last November 2014, Provincial Tourism in-charge Arturo Cruje said that the province is among the list of potential cruise tourism destinations in the country. Early this year, a cruise ship with a capacity of almost 300 passengers visited Siargao, more particularly the Bucas Grande Islands and the municipality of General Luna which is home to World Surfing Cup, International Beach Volleyball and International Women’s Surfing Competition.

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R10’s Q1 growth better than national economy By URIEL C. QUILINGUING, Contributing Editor

ORTHERN Mindanao’s economy has outperformed the country’s national average during the first quarter of this year, data from the region’s National Economic and Development Authority (NEDA) showed.

FESTIVE RAMADAN NIGHT. Tausug dancers present Pangalay, one of the attractions at the “ARMM Village” in Cotabato City which showcases culture in the region to make Ramadan nights festive and colorful. mindanews photo by ferdinandh cabrera

NEDA 10’s chief economic d e vel opme nt sp e c i a l ist Cecilio Y. Clarete said all three economic sectors in Northern Mindanao grew within the first quarter of this year over that of the same period last year, Speaking during a media forum on Quarterly Regional Economic Situationer on Thursday last week, Clarete said the agriculture sector in the region went up by 1.6% from 0.6% during the first quarter of 2014, industry at

5.5% from 5.4% and services at 5.6 from 6.8%. “Though the growth in services sector is lower yet it is still a growth. For agriculture sector, we still have to record the effects of El Nino in the second quarter,” Clarete told the media forum participants. Because of the region’s positive performance, employment grew by 6.32% to 2.038 million in January this year from 1.918 million for the same period last year, growth/PAGE 7

A Brown eyes 30-MW peaking power for Mindanao Mindanao sees By MIKE BAÑOS, Editor-at-Large

PUBLICLY-listed A Brown Co. Inc. (ABCI) expects to roll out an additional

year through its power subsidiaries. 30 megawatts of peaking During the ABCI Annual power capacity in three Stockholders Meeting (ASM) areas of Mindanao by next held Friday, at the Xavier

Sports and County Clubhouse at the ABCI’s flagship real estate development in Xavier Estates, Cagayan de Oro City, a brown/PAGE 7

UCPB Exec: Now best time to borrow and invest By MIKE BAÑOS, Editor-at-Large

THE head of the trust banking unit of one of the Philippines’ largest universal banks advises people that now is the best time to borrow and invest due to a confluence of factors in the local and international markets. Steven S. Sevidal, First Vice President & Chief Investment Officer of the Trading and Execution Department, Trust Banking Group, United Coconut

Planters Bank (UCPB) stressed this point during his presentation on the UCPB Economic Briefing held at a local hotel last June 19. Mr. Sevidal’s presentation was keyed around 5 Pop Questions often asked by bank clients: the best time to borrow, the best time to invest, impact on investments of the public ucpb/PAGE 11

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UCPB 1st VP & Chief Investment Officer Steven S. Sevidal. photo courtesy of ian janier

an uptrend in RE projects

DAVAO City -- Applications for renewable energy (RE) projects in Mindanao posted a 25.64 percent increase, showing a growing interest for clean energy investments in the island-region. The One Stop Facilitation and Monitoring C enter (OSFMC), which handles the fast tracking of pending RE projects in Mindanao received 59 new applications adding to a total of 290 applications for RE projects with a combined capacity of almost 3,000 megawatts (MW). In May this year, the center reported 231 applications with a combined capacity of 2,419.17 MW. The additional RE project applications will have a combined capacity of 578.92 MW if completed and fully operational. “The projects are spread across hydro, geothermal, solar, and biomass. The projects/PAGE 7

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DTI continues development, promotion of SMEs

AMBOANGA City – The Department of Trade and Industry (DTI) is shifting this year its priority target in the conduct of Small and Medium Enterprises (SME) Caravan here in the region. This as the DTI in p ar t n e r s h ip w it h t h e different member-agencies of the Zamboanga Peninsula (ZAMPEN) SME Core Group, continues its mandate of developing and promoting Micro, Small, and Medium Enterprises (MSMEs) in the region through the SME

Roving Academy (SMERA), or simply SME Caravan. Dr. Sitti Amina Jain, DTI regional director, said this year’s caravan is different from the previous ones as “it will now be held in the emerging growth centers in the provinces rather than in the cities.” “For this year’s SME caravan, we want to reach more MSMEs in the rural areas. For the longest time, we are conducting this in the capital cities or areas in the region. This time though we want to further develop

RUSH SALE 12 Hectares of Land about 80% planted with Benguet/Carribean Pine Trees.

our MSMEs based in the emerging growth centers. We want our presence to be felt in rural areas where our services are all the more needed,” Jain said. Jain said they have scheduled an eight-day caravan which will kick off July 2 and ends July 11 as part of the agency’s efforts in developing and promoting MSMEs. Jain said the caravan will kick-off in Barangay Ayala, this city on July 2-3, after which, the group will proceed to Liloy for the

Zamboanga del Norte leg on July 6-7. She said the next stop will be in Molave, Zamboanga del Sur on July 8-9; and finally, in Kabasalan, Zamboanga Sibugay on July 10-11. She said MSMEs should take advantage of the caravan as DTI has prepared trainings that would help in the development of their business. “We are encouraging our MSMEs to participate in the caravan. We have identified various trainings and seminars that will be

very beneficial in their development. Best of all, our trainings are for free. We urge them to contact the nearest DTI offices in their area for their attendance,” she said. She said the trainings and s eminars include entrepreneurship trainings, f inancial management training, product pricing and costing, financing forum, and greening of value chain. She said there will be one-on-one consultations with the MSMES, and presentation of programs by the different SME Core members in support to MSME development and promotion aside from the

trainings. She said there will also be product development during the caravan where MSMEs can get assistance in the packaging of their products to make it marketready. “ We h a v e i n v i t e d designers from the Design Center of the Philippines to help our MSMEs in packaging their products to make it more competitive in the market, thus, we encourage our MSMEs to bring with them raw materials abundant in their area so that designers can fashion these into new or improved product ready for market”, Jain added. (PNA)

Location: Patpat, Malaybalay, Bukidnon For details call Rory 09062282483

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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CorporateWorld

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PAL, Cebu Pacific seeks more seats to Australia

HILIPPINE carriers want more flights to Australia. In an application with the Civil Aeronautics Board (CAB), Philippines Airlines

(PAL) is asking for 3,115 more weekly seats between Manila and Australia. PAL already flies to Sydney, Melbourne, Brisbane and Darwin. Separately, Cebu Pacific

is asking for permit for 1,777 additional weekly seats. The Gokongwei-owned carrier flies to Sydney. Manila and Canberra last April amended their

Megaworld sees ‘double-digit’ growth M E G AWO R L D C O R P. sees sustained double-digit growth in earnings annually, its chairman said on Friday, as its township developments go on a tear. “[W]e expect to achieve a double-digit growth net income growth every year on the back of a bigger and stronger township portfolio,” Megaworld Chairman and President Andrew L. Tan said during the company’s stockholders meeting in Quezon City on Friday. Excluding non-recurring items, Megaworld’s core earnings grew 14% to P9.4 billion last year from P8.27 billion. Its performance reflects an 18% annual growth

since 2009 when its net profit was at P4 billion, Mr. Tan said. By the end of the year, the property firm will have 20 townships across the country with the rollout of five more townships this year. So far, two new townships have been launched -- Northill Gateway and The Upper East, both in Negros Occidental. Two of the townships that are slated for launch are in Luzon, while the other one is in Mindanao. Megaworld is bringing an average of 100,000 square meters of new office space every year to the market until 2019, higher than the average of 60,000 to 80,000

square meters the company launched annually in the last five years. “Over the next 3-5 years, we are on track to bring half a billion square meters of office supply. The projects we are launching have been received very well prior to completion in the last years,” Megaworld Senior Vice President Jericho P. Go said. Bulk of the new office space launches will be in Metro Manila and will be taken up by business process outsourcing companies, Mr. Go said. “NO OVERSUPPLY” On the residential side, reservation sales are projected megaworld/PAGE 11

GLOBE TELECOM remains the preferred partner of the world’s biggest content brands with its partnership with Zalora Philippines, further growing the e-commerce industry in the country. Zalora recently opened its first digital pop-up store in the country at the EDSA Shangri-la Mall. Present during the launch of the store were (L-R) Samsung Philippines Head of Content and Services Cris Concepcion, ZALORA Philippines CEO & Co-Founder Paulo Campos III, Globe President and CEO Ernest Cu, ZALORA Philippines Managing Director Constantin Robertz, Globe Senior Advisor for Consumer Business Dan Horan, and Samsung Philippines Head of Accessories Erik Sulit.

SSS mulls another hike in contribution rate SOCIAL Security System (SSS) is pushing for another increase in the contribution rate or in the statutory cap for contributions. “What has to be done immediately are structural reforms. Our investments have been performing remarkably well despite the low interest rate environment, but we can only invest and earn so much,” SSS chief actuary George Ongkeko Jr. said. “If the contribution rate remains unchanged while benefit payments continue to swell, the SSS’ reserve fund will be exhausted by 2042,” he added. According to its latest valuation, the actuarial life of SSS’ funds increased by four years from 2039. This resulted from the hike in the contribution rate and monthly salary credit ceiling that took effect in January last year. In line with the higher contribution rate, SSS also increased pensions by five percent in June last year, leading to a net increase in the actuarial life of the pension fund to 2042.

air ser vices agreement, increasing seat entitlements to 9,300 a week from the existing 6,000. The new deal also allows code-sharing. “The two countries also agreed to allow third country code sharing, which will enable designated airlines of the Philippines or Australia to

operate services jointly with an airline of a third country, to, from or via the other country and thus improve market distribution,” CAB executive director Carmelo Arcilla said. Passenger traffic between the Philippines and Australia rose 10 percent year-on-year

to 327,000 in 2014. The Centre for AsiaPacific Aviation said the Philippines-Australia route was underserviced, with 5,800 one-way seats a week, or lower than the 36,000 for Indonesia-Australia and 22,000 for ThailandAustralia.

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DFA P5B fund spent on useless projects

IFE’S INSPIRATIONS: “… Your rulers are rebels, partners with thieves…” (Isaiah 1:23, the Holy Bible). -ooo A M A Z I N G FA I T H IN GOD AMIDST MISFORTUNE: Top-notch Metro Manila businessman Alvin Lacambacal, a fellow L e a d e r P r e s i d e nt w h o served Rotary International District 3810 in Rotar y Year 2006-2007 under the inspiration of then Gov. Lyne Abanilla of the Manila Bulletin, wrote a short but powerful acclamation of a Pateros resident’s amazing faith in God. Read on, it might move you to tears, as Alvin’s story did to me: “June 22, 5:43 PM: A few minutes ago, we were in the middle of his completely burnt-down house. At the side of the Pateros Municipal Hall, we stood there talking. Our company driver was covered from head to toe with soot, but a father’s pride was evident in his voice as he told me that the two girls we saw a moment ago shoveling ash were his daughters. -ooo SIMPLE PEOPLE, SIMPLE FAITH: “Lucky they look like their mother,

Philippine Press Institute

Honest Love

hink a minute…There’s a stor y about a man and woman who had been married for over 60 years. They had shared and talked about almost everything. But the wife had kept a special box in her closet. She had asked her husband never to open it or even ask her about it. Then one day, the old woman got very sick and the doctor said she would never recover. Her husband began to sort through all of his wife’s belongings. When he found the box, he brought it to his wife’s bedside. She agreed that it was finally time he knew what was in the box. Her husband opened it and found 2 little handkerchiefs and a stack of money totaling $25,000! Hi s w i f e e x p l a i n e d : “When we were married, my grandmother told me that the secret of a happy m ar r i age w a s to n e ve r d i s a g re e or arg u e. Sh e told me that if I ever got angry with you I should just keep quiet and sew a handkerchief.” The old man was so touched and moved he had to hold back the tears. Only 2 handkerchiefs were in the box. He almost burst with joy and pride that in over 60 years she had only been angry with him 2

THINK

A Minute

Jhan Tiafau Hurst times! “Dear,” he said, “that explains the handkerchiefs, but what about all of this money? Where did it come from?” She answered: “Oh, that’s the money I made from selling all the other handkerchiefs.” Well, that’s definitely an interesting way to keep peace in your marriage, and make $25,000 at the same time! But that husband probably wondered what he had done to make his wife angry so many times! He’d always thought they had a close marriage. But it w a s n’t b a s e d on t h e t r ut h . O bv i o u s l y, t h e y had not been completely honest with each other. Instead of sharing their real feelings, they had built a wall between them—a wall of handkerchiefs. Think a Minute…

I said. I wanted to test his disposition. He laughed. Heartily. All of his family’s belongings, save for the clothes on their backs, have been reduced to ashes. Yet his laugh was sincere. I stayed a little longer, sensing he needed to voice out his emotions. “He became a bit somber and said “Sir, kanina nga po umiiyak ang asawa at mga anak ko. Sabi ko huwag na silang umiyak kasi ito ang ipinagkaloob ng Diyos sa atin” (Sir, a while ago, my wife and my children were crying. I told them not to cry anymore because this is God’s will for us). Simple faith of simple people in the face of overwhelming tragedy. Sometimes they inspire me more than the most learned people. -ooo “P5 B DFA FUND SPENT ON NON-OPERATIONAL PROJECTS”: Today, please read the other parts of the Complaint for plunder and graft which was filed with Office of the Ombudsman by Reynaldo Joson, the chief of the Hygiene and Sanitary Unit of the Department of Foreign Affairs (DFA), ag ainst ot he r top DFA officials and ambassadors, involving some P5 billion

in repair and renovation funds for the agency. Read on: “7. On my own reading, a big chunk out of the DFA annual maintenance budget of P5 billion for non-operational but paid projects is too heav y a burden for Juan De la Cruz (or the Filipino people) to shoulder. “8. These failures are attributed to the nonfeasance or m a l f e a s a n c e of t h e responsible officers of DFA, who are the respondents in the above-entitled case, tasked to oversee the projects, programmed and budgeted by the National Government. -ooo` DFA WHISTLEBLOWER EASED OUT OF JOB: “9. The said findings of anomalies were properly reported to U/Sec Franklin Ebdalin and to the other officials, now resp ondents here. As a result, complainant was inexplicably berated and instructed to keep his silence, and threatened, either to be killed or be dismissed from office. “10. Because of complainant’s reports, he was taken out of his position as head of Sanitar y and Hygiene Unit of the DFA,

K akampi

Mo A ng Batas

Atty. Batas Mauricio and assigned as a consular employee at the Philippine Embassy in Japan, the clear pur p os e of which is to purge him from the doing of the powerful respondents within the DFA…” More next issue! -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way), a Bible study and prayer session on radio, airs Mondays to Fridays, 6:30 p.m. to 7 p.m., at DWAD 1098 kHz on the AM band. For replays, go t o w w w. f a c e b o o k . c om / angtangingdaan or www. facebook.com/ANDKNK and scroll for “Ang Tanging Daan” broadcasts. Phone: 0922 833 43 96, 0918 574 0193, 0917 984 24 68. Email: batasmauricio@yahoo.com. -30-

Human and Christian consistency in politics

Member:

Oro Chamber

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olitics, of course, is an unavoidable concern for us. As social beings, we cannot help but get into politics. That’s simply because we have to organize ourselves as a people. And it’s a need that will always be an on-going affair. We need laws to govern the way we live, we need peace and order, we need a working economy. We need leaders on whom we invest some authority. These and a lot more is what politics is all about. In all of these, we have to f ind ways of how to me et t hem. That’s w hy we have elections, among many others. Of course, the conduct of our elections is also subject to some agreed rules. Now, with the elections coming up, the political fever is upon us, and the big challenge now is how to maintain our human and Christian consistency-some say, sanity-in politics. Wh at we are s e e i ng n ow, e v e n w h i l e q u it e early yet in the game, is a gathering storm of political attacks. There’s a lot of mudslinging, faultfinding and muckraking, reckless branding and stereotyping. If not these, then they go to the other extreme of unmitigated praises and alleluias of personalities w h om t h e y pr a c t i c a l ly portray as completely sinless, the savior of the world, while the opponents are pictured as the devil

incar nate, t he u lt imate villain deserving instant death and hell. Some say this is normal. I say it’s not. It’s inhuman, let alone, unchristian. There seems to be an unspoken understanding that when it comes to politics, we can behave like animals, fighting each other over ideas and opinions. Some say we need not distinguish between the persons of the candidates, officials and supporters, and the different positions they hold. Everyone and ever ything is fair game. Killing can even be resorted. We have to s ay t hat t his cannot b e. We are supposed to be ruled always by something indispensable even in our most contentious affairs. Everyone seems to forget that charity is what keeps us human and Christian in politics as it is in every aspect of our life. But especially in politics, by its nature, things can b e m e s s y a n d t r i c k y. Precisely the complexity of politics makes charity most indispensable. Charity is what enables us to respect and love one another in spite of our sharp differences and conflicts, thereby following Christ’s new commandment of loving one another “as I have loved you.” He even went to say that we have to love our enemies. For this love, Christ ultimately had

to die on the cross. All these for the simple reason that first and last, we are brothers and sisters, c r e at u r e s o f t h e s a m e God even if we call him by different names and describe him in a variety of ways. Tr u t h i s w e a r e a l l members of the same family. Whether we like it or not, we are obliged to love one another no matter what. This is a basic truth that we should never forget, especially when we do politics. Some say that charity di lutes if not diss olves many important values like truth, justice, fairness, etc. That’s why many politicians do not give much attention to charity. At best, they render only some lip service to it. But hard ly anyt hing can be farther than the truth, since charity, in fact, holds the highest standards insofar as these values are concerned. What is often conveniently forgotten is what while charity requires the most stringent criteria of truth, justice, fairness, etc., it goes much further to include mercy and compassion. It’s charity that would enable us to have a certain openness to all views and positions, including those we do not agree or even consider as obj e c t ively wrong. It’s not so much because of the views that we are open as to the persons

HINTS

and

Traces

Fr. Roy Cimagala who hold them. If, in the worst scenario, we believe that they are in er ror, we c an t r y to correct them with utmost delicacy, strictly following due process that governs the proper resolution of issues. We shou l d avoi d a d hom i ne m att a ck s , r a sh judgments that often are a product of an orchestrated mob rule, assertions and accusations that hardly have any strong basis or are simply based on hearsay. We should try to tame our passions that often blind us and push us to do uncharitable things. While we inevitably have our biases and preferences, let’s also be open and fair to those who differ from us. In the end, we should be guided by a well-formed conscience, always attentive to G o d’s w i l l and ways in doing politics, and especially when choosing our public officials. roycimagala@gmail.com

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Vice guv discusses education issues to MisOr school heads

ISAMIS ORIENTAL -- Known as Champion of Education, the vice governor of Misamis Oriental gave updates on his advocacies and activities aimed at helping the teaching and non-teaching personnel of the Department of Education. This during the 5th Division Management Committee Meeting with Misamis Oriental Schools Division Superintendent Dr. Cherry Mae Limbaco, Assistant Superintendent Je an Velos o, education supervisors and administrators from different schools in Lugait to Magsaysay, Misamis Oriental and Gingoog City. In h i s re p or t , Vi c e Governor Joey G. Pelaez presented to the teachers his Resolution supporting the pending legislative measures for salary increase of the teaching and non-teaching personnel and the Resolution strongly supporting the lowering of Income Tax in the Philippines. Being cognizant of the

plight of the teachers and non-teaching personnel, the vice governor believes that is timely to upgrade the present minimum salary for public school teachers in the elementary and secondary schools from P18,549 to P25,000 a month and for non-teaching personnel from P9,000 to P15,000 a month. He also strongly supports the Income Tax Reform Bill filed by Senator Sonny M. Angara. He said that it is an effective, receptive and tangible mechanism to help the constituents, comprising mainly of working class, to have more dispensing power on their hard-earned income, apart from regularly paying their monthly tax, and to

effect further inclusive growth. Vice governor Pelaez likewise updated them on the continued operation of Bukidnon State University - External Studies Centers. Pelaez fought for the continuation of BSU-ESCs operations, saying that the operation of the BSU-ESCs in Misamis Oriental is a

laudable and tangible poverty reduction program as it provides tertiary education to poor people and families living under the poverty level in various municipalities in the province. In addition, Pelaez also wrote a Resolution on A Happy Reading and Writing Habit Program. Since 2013, a significant

number of quality books of assorted titles and subjects have been distributed to 89 public elementar y and secondary schools in Misamis Oriental by the Office of the Vice Governor in partnership with Children International Philippines Incorporated (CIPI). Further, Pelaez expressed his strong support for the

implementation of K to 12 Basic Education Program of DepEd. He strongly believes that it is high time for the country to fully embrace the K-to-12 Basic Education Program to enable our young people to compete in the global and international stage with world-class competencies, skills and values. (PIA)

AgNor Gov. bares 2014 accomplishments BUTUAN CITY – Agusan del Norte governor Ma. Angelica Rosedell Amante-Matba bared significant accomplishments of her administration during her second State of the Province Address (SOPA) held last June 17 at the Provincial Covered Court, this city. Governor Matba reported that in 2014, a total of 358 hectares were distributed to 252 Agrarian Reform Beneficiaries in the province and a total of 6,419 Agrarian Reform Beneficiaries were trained in various livelihood and income generating activities. It was also learned that to ensure food sustainability, the province had established a buffer stocks for rice by importing 13,968 bags in 2014. The province additionally bagged the Gawad Saka Award in 2014 for its outstanding performance that manifests successful outcome of the programs and

services of the government in sustaining food security and nation building. Last year, Agusan del Norte spearheaded and supervised the implementation of 36 different infra projects worth P238 million. A project worth P43 million was constructed along the Agusan-Bukidnon road beginning at Calayagon, Buenavista and stretching 2.86 kms towards Guinabsan section of the Buenavista-Bunaguit Road. She also relayed that the province continued to energize the farthest communities and have connected an additional 381 households in 22 barangays. Moreover, the lady governor said that a total of 7,500 copies of AgNor Bulletin, the official newsletter of the province, were distributed weekly to empower the constituency. “The Philippine Information Agency (PIA) also contributed largely to our information drive. Likewise, the PAGASA ably provided

the province with up to date information of weather observations,” added Matba. In terms of local legislation, a total of 29 ordinances were enacted and 321 resolutions covering areas on governance, administration, social development, economic development and environmental management were passed. Matba’s leadership had also targeted strategic action areas in ensuring that the thrusts of protecting and rehabilitating the environment are pursued. These include: Mangrove reforestation in Carmen, Cabadbaran & Buenavista; Provincewide riverbank stabilization; Province-wide reforestation; and construction of climate change resilient infra facilities. The SOPA was attended by the Sangguniang Panlalawigan members, regional offices’ executives, local mayors, PNP officials, government employees and constituents. (PIACaraga)

16 Negosyo Centers now operational across PH KORONADAL CITY, South Cotabato – Sixteen Negosyo Centers have been made operational in different parts of the country as of June 11, 2015, an official of the Department of Trade and Industry here said. DT I 1 2 As s i s t ant Regional Director Dorecita Delima, head of the Negosyo Center National Program Office said the project for establishing of business assistance centers across the country started in the last quarter of 2014. Of these centers, Delima adde d, f ive b e came operational in 2014, namely: Cagayan de Oro; B oac, Marinduque; Calapan City Provincial Office, Oriental Mindoro; Iloilo City; and, Puerto Princesa City PO in

Palawan. T hos e t hat b e g an functioning this year are the Negosyo Centers in Odiongan Provinicial Office, Romblon; Victoria, Oriental Mindoro; San Jose, Occidental Mindoro; Kalibo, Aklan; General Santos City; Surigao del Norte; Pagadian City; Butuan City; Ipil in Zamboanga Sibugay; and, recently, Baguio City. Two centers in Baguio were launched on June 10 and 11. one serving the Cordillera Administrative Region (CAR) while the other serving the Micro, Small and Medium Enterprises (MSMEs) of the province of Benguet Delima reported further that f these centers are housed and managed

by the DTI, lodged at the local government units, or hosted by a local chamber of commerce. The establishment of the Negosyo Centers is a provision in the Go Negosyo Act where the DTI has been given the key responsibility and challenge of establishing Negosyo C enters in all p r ov i n c e s , c i t i e s , a n d municipalities nationwide. Said Act seeks to strengthen MSMEs to create more job opportunities in the country. It was signed into law by Pres. Benigno S. Aquino III on July 15, 2014. T h e D e p ar t m e nt of Trade and Industry (DTI) likewise issued Department Ad m i n i s t r a t i v e O r d e r No. 14-5 series of 2014: “Implementing Rules and

Regulations for Republic Act No. 10644.” Negosyo Centers serve as strategic hub to educate interested entrepreneurs on how to successfully run a business. Specifically, these centers are mandated to provide s er v ices such as sk i l ls training and easier access to market information as well as assist MSMEs in their business registration. The Negosyo Center in General Santos City opened on May 5. It occupies the former DTI – 12 National Economic Research and Business Assistance Center (NERBAC) office along South Osmeña Street. NERBAC has transfered to the DTI 12 Regional Office in Koronadal City. (PIA 12)

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Growth...

A Brown...

of which 121 thousand were new jobs. This even as the region’s labor force went up 4.3% to 2.151 million though underemployment rate— those whose services are not compensated appropriately or whose income is not enough to provide the basic needs of one’s family-- is relatively high compared to other regions at 28.1 percent. During the period, the Philippine Statistics Authority placed the agriculture sector’s growth at 0.2%, industry at 1.9% and services at 3.1%. Clarete said the region’s performance was higher than the country’s 5.2% gross domestic product (GDP) official estimate for the first quarter which is way below than the annual 7% target for the year. Last year, the GDP for the first quarter was 5.6%. He said the Philippine economy was pushed down primarily by the slowdown in overseas Filipino workers’ (OFW) remittances which is factored in into the net primary income (NPI)—a key economic indicator. Philippine Statistics Authority (PSA) computed the NPI for the first quarter and the result was a 2.7% reduction of last year’s 11.1%. Earlier, the Bangko Sentral ng Pilipinas (BSP) reported that OFW remittances within the first two months this year grew only by 2.4% over the same period last year which it described as the “weakest in years” and attributed this to the scaling down of oil production projects in the Middle East. Last year, BSP records show OFWs remitted PhP1.20 trillion, of which P112.78 billion came from Saudi Arabia and P76.55 billion from United Arab Emirates—second and third largest behind United States of America which accounted for P463.20 billion.

company officials disclosed it would spend P14.5 billion for new and expansion power infrastructure in Mindanao over the next 24-36 months. “The projects will be financed through a combination of selfgenerated equity, joint ventures and partnerships, and financing,” said Roel Z. Castro, executive vice president. In a statement released earlier to media, ABCI said its power generation businesses are located in areas where there is a shortfall in supply, coupled with long-term off-take agreements. “The 20.9-MW bunker-fired Peakpower Socsksargen Inc. (PSI) in General Santos and the 5.2MW Peakpower San Francisco, Inc. (PSFI) in Agusan del Sur are currently running at full capacity. A third plant, the 10.4-MW Peakpower Bukidnon, Inc. (PBI) is scheduled to begin operations by the second half of 2016. Future project plans include a 15-MW and a 5-MW expansion in General Santos and San Francisco, respectively.” In his keynote speech during the blessing and inauguration of the 20MW bunker-fired power plant of PSI at Bgy. Apopong, General Santos City last November, Energy Sec. Jericho Petilla said he was worried there are not enough peaking plants in the Mindanao grid. “While there will be many new plants opening soon in Mindanao, most of them are baseload plants,” Petilla said. “I’d like to encourage more peaking plants because in the end, you cannot just rely on baseload plants. There will never be enough if there is no demand and you’re left with the peaking part hanging.” The Department of Energy’s latest list of upcoming power projects show that while there are many base load power plants expected to be rolled out in the next 15 years, only 90 megawatts of the projected 500MW peaking energy requirements from

from page 1

2015-2030 is now online. Thus, even if new plants are coming in, Petilla fears this is woefully inadequate since most of the new plants would be tied down by bilateral contracts with distribution utilities and industries. “In the future we will need many plants across cooperatives because that is the best way to make adjustments when our demand and supply don’t match every now and then,” he said. “This will also encourage IPPs like Peakpower to set up merchant plants if they like the way the market is behaving.” “Through a 15-year BuildOperate-Maintain and Transfer Agreement, PEI will provide brandnew bunker fired engines to address the peaking requirements of qualified electric cooperatives,” said Mr. Castro, who is also president and chief executive officer of PSI. “We chose the Wartsila because of two major things: it is very fuel efficient and environmentally compliant, using cleaner Euro 4 compliant bunker fuel from Shell.” “Mindanao already has 101MW capacity of diesel/bunker fueled peaking plants which will be operational by year end (2014),” said Rep. Edgardo R. Masongsong (1-CARE Party List) during his keynote speech at the San Francisco launch. He said embedded generation plants for DUs cut down on transmission costs and cushion the rate impact on the consumer. “Peaking plants with a load factor of 30 percent running 5-6 hrs a day during peak demand do not significantly affect the price of electricity for the consumer,” he noted. ABCI subsidiary Peakpower Bukidnon Inc. signed a power purchase & transfer agreement (PPTA) with the Bukidnon II Electric Cooperative Inc in August 2014. The Contract terms include a Build-Operate-Maintain-Transfer scheme for a cooperation period of 15 years under which PBI would

build, operate, maintain and transfer a power plant with 2 units of Wartsila V32 Diesel/Bunker-Fuel engines feeding 10.4MW to BUSECO. The project aims to address the 11MW shortfall in BUSECO’s present peak load of 35MW. Its PSI Socsksargen expansion project in General Santos City would provide 10% of 130MW demand of the SOCOTECO II franchise area. PSI and SOCOTECO signed a PPTA last Feb. 2015 for the 13.4 MW expansion under a Build-OperateMaintain-Transfer scheme covering a cooperation period of 15 years. Construction for the installation of the additional 2 two units of 6.7MW V32 Wartsila Diesel/Bunker Fuel engines is ongoing with target commercial operations by December 2016. A similar 5MW expansion project is now under construction at the PSFI San Francisco power plant which will supply 17% of the 30MW demand of the Agusan del Sur Electric Cooperative (ASELCO). The two parties signed a PPTA last December 2014 for a 15-year cooperation period and target commercial operations by December 2016.

Projects... from page 1

bulk of the pending RE power project applications however are hydropower with a total of 242 projects and a combined potential capacity of 2,147.71 MW,” said Romeo Montenegro, director for Investment Promotions and Public Affairs Office of the Mindanao Development Authority (MinDA). Montenegro who also oversees the operations of the OSFMC said majority of the hydropower projects are located in Northern Mindanao. At the recently concluded Energy Investment Briefing held here at the Waterfront Insular Hotel, Montenegro announced that Mindanao’s power supply mix will shift in 2017 to 45 percent RE and 67 percent non-renewable energy

from the current 55 percent RE and 33 percent non-RE. “The OSFMC ensures that facilitation and the fast-tracking of these energy projects are given utmost importance in order that Mindanao will continue to enjoy an affordable, reliable, and clean energy source,” he said. An initiative of MinDA, the Department of Energy, and USAID’s Building Low Emission Alternatives to Develop Economic Resilience and Sustainability (B-LEADERS) Project, the OSFMC is aimed to help address Mindanao’s power supply deficit by fast-tracking the approval process of RE projects. Among the top pending hydropower projects include the 140 MW Davao Hydroelectric Power Project of the San Lorenzo Ruiz Builders and Developers Group, Inc. in Davao City; the 110 MW Kabulnan 2 Hydroelectric Power Project of Philnewriver Power Corp. in Isulan, Sultan Kudarat; the 50 MW Lake Dapao Hydroelectric Power Project; and the 50 MW Maltling River Hydroelectric Power Project of the AQA Global Power Inc. in Lanao del Sur. The OSFMC recorded 28 pending projects for solar energy with a combined potential capacity of 427.25 MW. Among the top projects include the 35 MW Darong Solar Power Project of the PhilNewEnergy, Inc. in Sta. Cruz, Davao del Sur; 35 MW ICOM Solar Power Project of the Local Government Unit of the Islamic City of Marawi in Lanao del Sur; and the 20 MW Kirahon Solar Power Project of the Kirahan Solar Energy Corporation in Villanueva, Misamis Oriental. Geothermal energy projects accounts for eight with a potential capacity of 278.48 MW. Many of the geothermal projects are those of the Energy Development Corporation like the 40 MW Lakewood Geothermal Prospect in Zamboanga del Sur, Zamboanga

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del Norte, and Zamboanga Sibugay and their 30 MW Ampiro Geothermal Power Project in Misamis Occidental, Zamboanga del Norte, and Zamboanga del Sur. Biomass energy projects recorded by the OSFMC have a combined capacity of 144.65 MW. Some of the projects include the 23.50 MW Woody Biomass Power Plant Project of the Eastern Petroleum Corporation in Buenavista, Agusan del Norte; 15 MW Price Husk-fired Biomass Power Plant Project of the Lamsan Power Corporation in Sultan Kudarat, Maguindanao; and the 12 MW Multi-feedstock Biomass Power Plant Project of the Misamis Oriental Bio-Energy Corporations in Villanueva, Misamis Oriental. Montenegro also underscored the importance of having a diversified energy mix so that Mindanao will not rely solely on one source of energy, which has been proved ineffective when the island only relied on the Agus-Pulangi Hydropower Power Complexes. Aside from the monitoring of the pending renewable energy projects, the OSFMC also facilitated a number of prospective and existing power investors since it was launched in October last year. One on the projects facilitated is the 68 MW Manolo Fortich Project of Hedcor, a subsidiary of Aboitiz Power, in Manolo Fortich, Bukidnon. The center facilitated in the fast tracking of the tree-cutting permit and the NWRB Water Rights Permit. The company has recently held a ground breaking ceremony earlier this year and is expected to be completed by 2018. “With the OSFMC we hope to fast-track more renewable energy projects, which is also in line with our Mindanao 2020 goals of having a 50-50 energy mix of renewable energy and non-renewable energy,” Secretary Luwalhati R. Antonino, chairperson of the MinDA, said. (PNA)

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Oro Chamber’s 2nd Quarter General Membership Meeting for the Year 2015 All members of Cagayan de Oro Chamber of Commerce and Industry Foundation, Inc. (ORO CHAMBER) are requested to attend its upcoming 2nd Quarter General Membership Meeting. This event will happen on the 26th day of June this year. Registration and cocktails will start at 5:30pm and the program proper will start at 6:00pm. The event will be held at Pryce Plaza Hotel, Carmen Hill, Cagayan de Oro City. Oro Chamber President, Engr. Cerael C. Donggay, has invited Undersecretary Zenaida C. Maglaya to be the Guest Speaker of

the event. Usec Maglaya is DTI’s Undersecretary for Regional Offices Group (ROG). She is expected to talk about the DTI’s Strategic Plans and Programs specifically in Northern Mindanao. She will also cover the issues about conflicting land claims, costly electricity and low value exports. This event is free of charge to Oro Chamber members in good standing and a fee of Php500.00 will be charged to other members and guests. Engr. Donggay is encouraging the top management of each business firms to personally attend the meeting. This General

Membership Meeting (GMM) of Oro Chamber is the second among the four (4) slated for the year. The event is supported by Pryce Plaza Hotel, CEPALCO, Philippine Iron Construction and Marine Works, PARASAT Cable TV, Radyo Ultra, Magnum Radyo, Bombo Radyo and BusinessWeek Mindanao. To confirm your attendance and for more queries, please feel free to call the ORO CHAMBER Secretariat at: Landline: (088) 8584068 / 858-4073 / 850-8880 Mobile: 0917-5514558 / 0920-951-0998 Email: orochamber@ gmail.com.

Happy 6th Year Anniversary to Greetings from:

Hon. RUFUS RODRIGUEZ 2nd District Representative Cagayan de Oro City and

Hon. maximo RODRIGUEZ Representative ABAMIN Party List

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LifeStyle

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Ribs & Bibs Restaurant opens in CDO Ribs & Bibs is at the corner of JR Borja St. and Corrales Avenue, next to EMCOR

Ted and Angel Jalad, the driving duo behind the Redtail Shrimps & More restaurants

Photos of Old Kagay-an to the walls

The House Specialty

Blessing of the new venture

Oro to host 1st Mindanao Photo Summit

he Oro Photographic Society Inc. (OPS) will host the 1st Mindanao Photo Summit in Cagayan de Oro City on July 31-August 2, this year. Photo enthusiasts, hobbyists, and professionals in Mindanao and other parts of the country are expected to converge at the Ayala Centrio Mall to participate in basic and advanced photography seminars lined up during the convergence with widely renowned resource persons. Master travel and underwater photographer Annaliza Barrera will discuss “Basic Photography,” while Canon ambassador Ibarra Deri will talk about “Portrait Photography” and “Product Photography”. Another Canon ambassador, Edwin Martinez, will lecture on “Landscape Photography,” to be followed by Francisco Mark Floro, also a Canon ambassador. All lectures will have workshop or hands-on sessions. All five topics

can be had for only P2,500 (standard rate), P1,500 (early bird rate, good until June 30), or P1,000 (student rate, with current valid school ID). The official registration form and other details are available at our Facebook website “1st Mindanao Photo Summit”. Themed “Island Interlinks,” the summit will also showcase photographic equipment, gears, accessories, and other related products. OPS have teamed up with the Philippine Center for Creative Imaging (PCCI), Department of TourismNorthern Mindanao, Bombo Radyo, Magnum Radio, Mindanao Daily News, and BusinessWeek Mindanao to bring this event to the city. Parallel to the Summit is the holding of the “OPS Kagayan Photography Contest” to spice up the fiesta celebration from August 1 to August 31. Like the photo summit, it aims to enhance the position of the city in the country’s tourism map.

The spacious counter

Early birds with host Ging Chaves, former COHARA Pres Anne Yu and DOT-X RD Butch Chan

All Photos by MIKE BAÑOS

Ribs & Bibs is the brainchild of partners Saz Chaves Eullaran and Rosy de Peralta

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UCPB... from page 1

perceptions of the current president, trends of the local currency and the power situation in Mindanao. To start, Mr. Sevidal noted how with interest rates still relatively low, it remains the best time to borrow. “Still, it remains the best time to borrow considering where interest rates are now compared to where they were a few years back.” Since peaking at 2008, interest rates have been trending downward and hit the lowest in 2013, and thereafter it has been headed higher in anticipation of a hike in US interest rates, he said. “Domestic interest rates are moving higher in anticipation of the hike in US rates and will continue to trend higher,” he noted. This could be partly attributed to the near term weakness of the peso due to the outflow of portfolio funds and in anticipation of a US rate hike. “We are experiencing a funds outflow due to higher demand for the US dollar,” Mr. Sevidal said. “Thus, the impending interest hike by the US Fed makes dollars more attractive.” Despite this however, the peso remains relatively strong and stable because it enjoys structural support primarily brought about by the steady USD remittances from abroad and the burgeoning IT-BPO Sector. “ Together, these two sectors alone contributed USD 45.4-billion revenues in 2014 or USD 3.7-B monthly,” he noted. In addition, the country has been enjoying a surplus in its current account dating back to 2003, an improving debt profile brought by the falling debt to GDP ratio and the shift to domestic borrowings vs. foreign denominated loans. “ We h a v e a v e r y manageable fiscal deficit that, in fact, the government is not spending enough that our fiscal deficit vs. GDP has fallen to 0.06 percent last year vs. a target of 2 percent,” Mr. Sevidal said. “Together with our very benign inflation, all these make for a very healthy economy driven by healthy demand.” The bank executive also downplayed widespread apprehensions that the world could be returning to the USD80-110/barrel of oil milieu. “Probably not,” Mr. Sevidal said. “OPEC will not cut production, we are expecting more oil from Iran (up to one million barrels of oil a day once it reaches a nuclear deal with the US and its allies) and more oil from Iraq and Libya once the fighting stops. With continued pressure from shale oil in the US, low crude prices are good for the Philippines.” “We have obser ved a direct correlation between crude oil prices and inflation in the Philippines; in fact as much as 15% of the

country’s consumer price index is directly affected by a movement in the price of international crude, so that’s pretty heavy.” Although GDP figures from the first quarter of 2015 has been lower than expected at 5.2%, Mr. Sevidal said he expects growth to recover for the remainder of the year due to increased government spending, timing and investments in durable equipment. “We have the figures to show that government spending always surges a year before elections,” he said. Although public construction fell 24.6% for the first quarter of 2015, infra and capex spending increased by 11%.” He s h ow e d a c h a r t showing a pattern wherein government expenditures surges on the preceding year of the scheduled elections in 2002, 2006, 2009 and 2012. “My t hes is is , mo st p r o b a b l y, g o v e r n m e n t spending will accelerate in the coming months in 2015,” Mr. Sevidal asserted. “In fact, just two days ago DBM said it has already released 95% of all budgets to all departments.” Spending in durable equipment has also been rising from 4.0% growth and 12% of GDP in the first quarter of 2014 to 14.3% growth and 13% of GDP in the first quarter of this year. Another positive aspect of present trends in the Philippine economy is direct relation between public perception of the presidency and aggregate investment. He exhibited a chart showing how investments rose in the initial years of Pres. C or y Aquino’s term from 1986-90 before dropping in 1991-92. Again, investments rose during the tenure of Pres. Fidel V. Ramos in 1992-1997 before dropping steeply when Pres. Joseph Estrada took over in 19982000. The first two years of EXTRA- JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND Notice is hereby given that the intestate estate of the late FILOMENO JALAGAT, who died on November 18, 1990, in Initao Mis. Or. And DEMOCRITA BAGARES, who died on SEPTEMBER 20,2007 in Initao , Misamis Oriental ; That the said deceased, at the time of their death, left a parcel of land situated in Palong kamelon, Initao, Misamis Oriental and more particularly described as follows : TECHNICAL DESCRIPTION, ORIGINAL CERTIFICATE OF TITLE NO. P-4019, LOT NO. 929, PLS-616-D. Containing an area of TWENTY THREE THOUSAND THREE HUNDRED TEN (23,310) SQUARE METERS ; LEAH JALAGAT CAVENAUGH, of legal age, Filipino citizen, married to RUSSELL EDWARD CAVENAUGH with residence and postal address at # 808 HAWLEY RD NORTH CAROLINA, 28334 U.S.A. hereinafter referred to as the BUYER/VENDEE; is the subject of EXTRA- JUDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND under the notary public of Atty. EMELITO J. MARQUIÑO, As per Doc. No. 340; Page No.68; Book No. XI; Series of 2015. BWM: June 10, 17 & 24, 2015

the Arroyo administration (2001-02) again showed a steep rise in investments before dropping in 2003-09 when controversies rocked her presidency. “Investments per GDP were highest under FVR at 24.1% but the fastest growth was experienced under President Benigno Aquino III so far with 5.9%,” he stressed. N o t t h e l e a s t , M r. Sevidal identified important developments including the privatization of the Davao and Laguindingan airports and the Davao Sasa seaport under similar Operations & Maintenance + Upgrading contracts made possible by PNoy’s Public-Private Partnership (PPP) initiative. Coupled with the imminent normalization of the power supply in Mindanao, Mr. Sevidal said all these are compelling reasons to borrow and invest now, the positive impact on investments of the current president, and favorable trends of the local currency. As chief investment officer of UCPB’s Trust Banking Group, Mr. Sevidal is charged with advising clients how to manage their investments, keep records, manage assets, prepare court accountings, pay bills medical expenses, charitable gifts, inheritances or other distributions of income and principal.

Megaworld... from page 3

to reach P90-95 billion this year, as much as 11.77% higher compared to the P85 billion in 2014, Megaworld CAGAYAN DE ORO MAIN BRANCH Executive Kingson P & J LimDirector Bldg., Tiano Brothers Kalambagohan Sts., U. Sian said. Tel. # (08822) 727-829 * “WeTelefax don’t there’s # (088)feel 856-1947 an oversupply at least not CAMIGUIN BRANCH in the areas where we are B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 operating,” Mr. Sian said. “OurCORRALES business model BRANCH Oro City is itCorrales will Ave., be Cagayan the de preferred choice. We’re not just selling DIVISORIA BRANCH Erasmo B.selling Damasing Bldg., Don A. a Atty. condo an#61office St., Cagayan de Oro City space,Velezwe’re providing a Tel. # (088) 857-3631 lifestyle opportunity,” he BRANCH said.Lapasan LAPASAN Hi-way, Cagayan de Oro City Megaworld is raising its Tel. # (088) 231-6739 rental income target this CARMEN BRANCH yearVamenta to P9Blvd., billion from Cagayan de Oro Citythe Tel.announced # (088) 231-2011 earlier, P8 billion Mr. Sian said. However, the real estate firm kept its 2016 goal at P10 billion. Megaworld is opening seven new malls and commercial centers, two office buildings and two new hotels this year that will add around 300,000 square meters of gross floor area in its overall rental portfolio. Megaworld is setting aside P65 billion this year to finance the development of its residential, office and retail projects as well as some land banking initiatives. This forms part of its fiveyear capital expenditure program through 2019 of P285.8 billion.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Gingoog City OFFICE OF THE CLERK OF COURT & EX-OFFICIO SHERIFF NOTICE OF EXTRA-JUDICIAL SALE EJF NO. 204 Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118, filed by FIRST VALLEY BANK INC., represented by Jamael M. Dangnan , Branch Manager, with principal address at Baroy, Lanao del Norte and a branch office at Barangay 22, Gingoog City, against Mortgagors SPOUSES AURORA DANTE & PERFECTO DANTE JR., with postal address at Barangay 24-A, Gingoog City, to satisfy the mortgage indebtedness which as of April 30, 2015 have amounted to THREE HUNDRED THIRTY-SEVEN THOUSAND TWO HUNDRED FORTY-FIVE & 16/100 (Ph 337,245.16) PESOS, embracing the principal , interests and other charges, excluding foreclosure expenses, the undersigned Sheriff will sell at public auction to the highest bidder for CASH on July 30, 2015 at 8:00 o’clock in the morning up to 4:00 o’clock in the afternoon at the Office of the Clerk of Court, Regional Trial Court , Hall of Justice, Dugenio Street, Gingoog City, the following properties with all improvement existing thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-10257 A PARCEL OF LAND (Lot 27 of the consolidation and subdivision plan TCS- 5848, being a portion of the consolidation of Lot 6, 116018-C, Lots 2899,2940 and 6201 of the cadastral survey of Gingoog , LRC Record Number) situated in the Poblacion, city of Gingoog. Containing an area of FOUR HUNDRED THRITY-SEVEN (437) SQUARE METERS. Registered in the name of Aurora C. Dante, married to Perfecto Dante Jr. TAX DECLARATION NO. E-013337 One storey residential building made of CHB, S-CUT, cement floors, T&G, GI. With a total floor area of EIGHTY-EIGHT SQUARE METERS (88) MORE OR LESS. Registered in the name of Aurora G. Dante. All sealed bids must be submitted to the undersigned on the above-stated fate and time. In the event that the public auction will not take place on the said date, it shall be held on the next working day without further notice. Prospective bidders may investigate for themselves the Titles and Tax Declaration herein above-described and the encumbrances therein, if any there be. Gingoog City, February 6, 2012.

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

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

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

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

CORRALES BRANCH Corrales Ave., Cagayan de Oro City

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

REPUBLIC OF THE PHILIPPINES 10TH Judicial Region REGIONAL TRIAL COURT Branch 19 Cagayan de Oro City IN THE MATTER OF PETITION FOR ADOPTION OF THE MINOR SHARIVIC BUHISAN ITO,

SP FMY NO. 2015-016

SPS. EFREN S. BUHISAN & FARINA LAVIÑA BUHISAN, Petitioners. x-----------------------------------------------/ ORDER The Court takes notice Petitioner’s Amended Petition and submission of its documentary exhibits in compliance with the Order of May 21, 2015. Finding the verified Amended Petition to be sufficient in form and substance, the same is hereby ADMITTED and given due course and forthwith let the Initial Hearing thereof be set on December 3, 2015 at 8:30 in the morning before this Court temporarily located at the City Tourism Hall, Cagayan de Oro City. Interested persons may file their opposition on or before the aforesaid date of hearing and to attend the hearing of this petition. At the expense of the petitioners, let this Order be published once a week for three (3) consecutive weeks in a newspaper of general circulation in Cagayan de Oro City and the Province of Misamis Oriental. In consonance with R.A. 8552 vis-à-vis A.M. No. 02-6-02-SC, the Court Social Worker is hereby directed to conduct a Home Study Report on the adopting parent and a Child Study Report on the adoptee. She is also directed to conduct counseling sessions with the adopting parent. The said report shall be submitted to this Court within SIXTY (60) days from receipt of this Order. Petitioners are likewise ordered to have all documentary evidence pre-marked before the Branch Clerk to establish compliance with jurisdictional requirements on November 27, 2015 at 10:00 o’clock in the morning. In consonance with A.M. 12-8-8-SC (Judicial Affidavit Rule) visà-vis OCA Circular No. 106-2012, Petitioners are hereby directed to submit their judicial affidavits at least five (5) days before the initial which must contain the following: 1. The name , age, residence or business address, and occupation of the witness; 2. The name and address of the lawyer who conducts or supervises the examination of the witness and the place where the examination is being held; 3. A statement that the witness is answering the questions asked of him, fully conscious that he does so under oath, and that he may face criminal liability for false testimony; 4. Questions asked of the witness and his corresponding answers, consecutively numbered; 5. The signature of the witness over his printed name; 6. A jurat with the signature of the notary public who administers the oath or an officer who is authorized by law to administer. Moreover, the same shall contain a sworn attestation at the end, executed by the lawyer who conducted or supervised the examination of the witness, to the effect that: 1. He faithfully recorded or caused to be recorded the questions he asked and the corresponding answers that the witness gave; 2. Neither he nor any other person then present or assisting him coached the witness regarding the latter’s answers. A False attestation shall subject the lawyer to disciplinary action, including disbarment. A party who fails to submit the required judicial affidavits and exhibits shall be deemed to have waived their submission. The court, however, may allow only once the late submission provided the delay is for a valid reason and would not unduly prejudice the opposing party, and the defaulting party pays a FINE OF NOT LESS THAT Php 1,000.00 NOR MORE THAN Php 5,000.00.

FOR THE EX-OFFICIO SHERIFF: BY: (Sdg) DAN E. LABADAN Sheriff IV RTC-OCC Gingoog City

IT IS SO OREDERD. Done this 10th day of June, 2015 in the City of Cagayan de Oro, Philippines.

BWM: June 24, July 1 & 8, 2015

(Sgd) EVELYN GAMOTIN NERY Presiding Judge

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Newest Teen Artist’s #KrisAngelica “Sabi-sabi” debut Globally on Spotify N ewest teen singing sensation and Viva Talent Kris Angelica launched her first single “Sabi-Sabi” on Spotify which immediately trended on social media with hashtag #SabiSabi, last June 23, 2015. The hashtag #SabiSabi #SabiSabiKrisAngelica turned out to be the 2nd most talked about topic in the Philippines and hopefully translate it to becoming a Hit Single for this Rising Star! Angel started her singing career when she joined Eat Bulaga’s Birit Baby and finished as the first runner-up back in 2009. Recently, the 15-year-old artist had gained popularity when a video of her performance of Gloc 9’s Sirena during a MyPhone event in Tacloban gained more than 2 million online views in one day! Kris Angelica keeps her busy schedule by juggling

shows nationwide, tv guesting and school. At a very young age of 15 years, Kris Angelica is already a veteran in performing at the Biggest Arena’s in the country, she has already performed at the Araneta Coliseum (2x), MOA Arena and last year at the Tacloban Track Oval where she performed for more than 32,000 people. Currently under Red Manila Inc. and VIVA Artists Management, this single is just the start and Kris Angelica is surely a star to watch out for. KrisAngelica is currently the Brand Ambassadors of MyPhone, Mossimo and OneWaySalon. Surely in time, she will be the face of various brands in the Philippines. “’Yung Sabi-sabi po is a perfect song na nag dedescribe sa kung paano po ako nag-start as a performer. Siyempre before merong mga sabi-sabi na hindi daw

ako makikilala as a singer, pero ‘yun po ang mga naging inspiration ko to do better,” shared Kris Angelica. “Ang galling nga po nila Kuya Thyro and Ate Yumi, kasi saktong-sakto po yung song para sa akin. Sobrang thankful po ako na ako na nagawa yung single na ito para sa’kin,” she added. “SABI-SABI” is written and composed by Thyro and Yumi, the genius songwriters behind the hit songs “DATI” by Sam Concepcion, “HANAP-HANAP” by James Reid “PARA-PARAAN” by Nadine Lustre, and Sarah Geronimo’s “IKOT-IKOT” and “KILOMETRO”. “SABI-SABI” is available on Spotify. For more information on Kris Angelica and her new single, like her on Facebook, www.facebook.com/ iamKrisAngelica, or follow her on Twitter and Instagram at @ imkrisangelica.