Issuu

BusinessWeek M I N DA N A O CREDIBLE

Volume XI, No. 10

Market Indicators AS OF 6:00 PM JUNE 26, 2020 (FRIDAY)

FOREX

PHISIX

US$1 = P 49.920

6,191.84

X X Briefly

cents

73.58 points

Ports development TO date, the Philippine Ports Authority (PPA) has completed 14 port projects, amidst the pandemic and targets to finish 22 more by the end of the year. The completed projects that are now officially open include the Port of Borac in Coron, Palawan, Port of Cawit in Boac, Marinduque, Port of Estancia in Iloilo, Port of Iligan in Iligan City, Lanao Del Norte, Port of Jagna in Bohol, Port of Mansalay in Oriental Mindoro, Port of Ozamiz in Misamis Occidental, Port of San Fernando in El Nido, Palawan,cPort of Tagbilaran in Bohol, Port of Malalag in Davao Del Sur, Port of Currimao in Ilocos Sur, Port of Masao in Agusan del Norte, plus two separate projects for Iloilo Commercial Port Complex. These port projects will boost the operational capability of the current ports, specifically in interisland travel and movement of essential goods across regions.

Struggling restos SAGING Repablik (SagRep), a restaurant that has become one of Davao City’s iconic dining places with its hip café-style decor and menu highlighting bananas, would not be celebrating its 6th anniversary this month. Instead, it is closing its doors. Owner Renato “Gatchi” Gatchalian, also president of the Davao Tourism Association, said he will not be reopening the restaurant even when quarantine restrictions are lifted and dine-in services (subject to health safety protocols) are again allowed. “I will not reopen because SagRep is an experiential brand. You go here to seek, feel and smell the entire brand with the company of other people. With the restrictions, it prevents the brand to do so,” he said in an online interview.

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Monday|June 29, 2020

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DoLE urged to clear rules on temporary wage cuts Thank you for trusting us!

HE People Management Asso ciation of the Philippines (PMAP) is asking the Department of Labor and Employment (DOLE) to issue clearer rules on negotiating temporary wage reductions with employees amid the coronavirus pandemic.

In a webinar Wednesday, PMAP executive director Rene Gener said some employees are being “legalistic” when their employers try to negotiate the temporary lowering of wages and benefits as enterprises try to survive amid the crisis. “This is coming from the ground. If they will try to negotiate with them, the employees, with reduction of pay or benefits they would immediately come up with Labor Code provision saying that there is no diminution. They become legalistic even in terms of this situation,” Gener said. He said the temporary cut on wages and RULES/PAGE 6

RAPID TEST. A worker from the City Health Office draws blood sample from a resident of Barangay Carmen, Cagayan de Oro City for a Covid-19 antibody rapid test on Thursday (25 June 2020). Five hundred residents of the barangay underwent the test. mindanews photo by froilan gallardo

Guv suspends interisland travel in Surigao Norte By ROEL CATOTO, MindaNews

GENERAL LUNA, Siargao Island — Trips of passenger vessels from Surigao City

bound for the ports in Siargao Island and Bucas Grande Island and vice versa have

been temporarily suspended due to an increase in Covid-19 cases in Surigao del Norte. Memorandum Order No. SUSPENDS/PAGE 6

Seda Hotels continues to serve guests A farmer attends to his planted tomato in Barangay Lunotan in the boundaries of Ginoog City and Claveria in Misamis Oriental. photo by gerry lee gorit

AMID the lockdown, Seda Hotels continues to serve guests, particularly long-term guests and business process outsourcing (BPO) employees. Seda Hotels had to reduce their services and facilities to comply with government directives, but has implemented

MINDANAO DAILY

strict health protocols to keep its guests and employees safe. The security team makes sure only registered guests SEDA/PAGE 6

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2 BARMM exec defends decision on provisional employees COTABATO City – An education official of the Bangsamoro Autonomous Region in Muslim Mindanao (BARMM) on Thursday defended his decision to end the services of provisional workers of the Ministry of Basic, Higher and Technical Education (MBHTE). In defending his cease and desist order against interim employees, MBHTE Minister Mohagher Iqbal described the decision as "legal and within the bounds of the law." Speaking during the regular session of the Bangsamoro Transition Authority (BTA), Iqbal argued that a provisional

or temporary appointment is good only for one year. However, the affected employees have stayed in their positions for almost two decades, some even more than three decades. “This is clearly against the law. It is only during our time that we need to correct it,” he said. “By doing so, we will have an opportunity to professionalize the role of teachers in the BARMM and a chance to clean and disinfect our payroll.” Despite his “hard and hurtful decision,” Iqbal appealed to BARMM Chief Minister Ahod Ebrahim and the Ministry of Finance, Budget and Management to allocate DEFENDS/PAGE 7

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MONDAY|JUNE 29, 2020

NorMin hospital records zero Covid-19 related admission

By ERCEL MAANDIG, Reporter

HE state-run Northern Mindanao Medical Center (NMMC) on Thursday said its ward dedicated for coronavirus disease (Covid-19) cases has already registered zero cases after its last patient was discharged after recovering from the illness.

Dr. Bernard Julius Rocha, NMMC medical specialist, said the last patient at the hospital's Emerging and Reemerging Infectious Diseases (EREID) has been discharged Thursday after multiple tests cleared her of the virus. The EREID ward caters to confirmed, suspected, and probable Covid-19

patients, including those who exhibit severe pneumonia and flu-like symptoms. "The 49-year-old female from Barangay Kauswagan is already in stable condition and currently asymptomatic. (She) was discharged from NMMC at 12:15 p.m. on June 25. Last test done dated June 24 at NMMC GeneXpert Laboratory revealed a negative result for the presence of SarsCov-2. Patient has already recovered from her Covid-19 infection," Rocha

said. Since January, the NMMC recorded a total of 240 admissions, of which 215 patients tested negative for the virus, 20 were found positive, and five died. NMMC's GeneXpert laboratory, which started testing on May 21, has recorded 86 samples analyzed, of which three tested positive, while 83 tested negative. Random testing Meanwhile, the seroprevalence random testing by the Department of Health Region 10 (DOH-10) and the City Health Office (CHO) has begun testing 500 residents in Barangay Carmen. The testing aims to determine the level of the Severe Acute Respiratory Syndrome- Coronavirus 2 (Sars-Cov2), measured in blood serums, in the

population of the village-the city's most densely populated area. Dr. Ian Gonzales, DOH-10 head of infectious diseases cluster, said the seroprevalence survey seeks to complement community surveillance to identify people likely to be Covid-19infected--symptomatic or asymptomatic. Gonzales said the sample size was already pre-identified households based on probability sampling, which means an individual will represent each zone of the said barangay. He said blood samples will be taken from the participants and will be interviewed. "We are hoping that there will few or none at all who will refuse the testing, because this will be an opportunity for them to get tested, and give feedback," Gonzales said. Barangay Carmen has been found to have the most history of Covid-19 cases, where five are currently active cases, three have already recovered, and three patients died since March. Dr. Teodulfo Joselito Retuya, CHO resident epidemiologist, said the chosen participants will be subjected to a rapid test to detect antibodies in people through blood samples. RECORDS/PAGE 7

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

Banking&Finance 3 DOF further extends Economists weigh in on deadline for tax amnesty until Dec. 31 peso's resiliency in 2021 Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

MONDAY|JUNE 29, 2020

THE Department of Finance (DOF) has issued Revenue Regulations (RR) No. 15-2020 further extending until end of December 2020 the deadline on availing of the tax amnesty for delinquencies under Republic Act (RA) No. 11213, and ensuring the timely processing of such applications by the relevant Bureau of Internal Revenue (BIR) offices. The new RR further extends the deadline provided under RR 112020, which amended RR 10-2020 and 7-2020, and first extended the amnesty deadline to June 22, 2020. These regulations were issued to implement the provision in RA 11469 or the Bayanihan to Heal As One Act allowing the extension of statutory deadlines and timelines to ease the burden on taxpayers following the imposition since middle of March of community quarantines nationwide in a government bid to contain the spread of the coronavirus disease 2019 (Covid-19) outbreak. Under RR No. 152020, taxpayers can avail

of the tax amnesty for delinquencies until Dec. 31, 2020. This extended deadline intends to give taxpayers ample time to settle their tax delinquencies while allowing the BIR to increase its collection from this new tax amnesty program. The RR also provides deadlines for BIR offices to process the documentary requirements needed to avail of this tax amnesty. The certificate of delinquencies/tax liabilities must now be EXTENDS/PAGE 7

N economist expects the Philippine peso to remain strong against the greenback on account of resilient domestic fundamentals but another economist forecasts it to weaken due to slower remittance growth and recovery on imports. Rizal Commercial Banking Corporation (RCBC) senior economist Michael Ricafort said the peso, to date, continues to stand its ground given the combination of strong domestic fundamentals

and lesser import requirements on account of lower demand due to the pandemic. This Friday alone, he said the peso posted its over two-week high close of 49.92 against the greenback, which is also one of its strongest levels in the last two years. Ricafort attributed the unit’s appreciation during the day to the fresh 50 basis points reduction in the Bangko Sentral ng Pilipinas’ (BSP) key policy rates on Thursday, a decision made to further

support the domestic economy from the impact of the pandemic. He said the local currency has already appreciated by 1.4 percent compared to its 50.635 close against the US dollar at the end of last year. He partly attributed the peso’s appreciation in recent months to lower imports because of the lockdown implemented since mid-March to arrest a big jump of coronavirus disease (Covid-19 ) infections. The drop in imports, he

said, lessened the need to purchase US dollar so it is a plus for the peso. “The peso exchange rate could end 2020 at the range of 49.50-50.50,” he said in a reply to e-mailed questions from PNA. Other plus factors for the peso this year include rising global oil prices, which is seen to help narrow the country’s trade deficit; the possible recovery of the domestic economy in the latter half of the year; the recordhigh foreign reserves; PESO/PAGE 7

PHILIPPINE BANKS may see sustained weakness in loan growth this year as consumer demand is expected to wane due to the economic fallout from the virus outbreak. “We project Philippine banks’ loan growth will be in low single digits (in nominal terms) in 2020 due to the COVID-19 (coronavirus disease 2019) triggered economic slowdown.” S&P said in a note on Friday.

Loan growth will be affected by a likely slump in household demand given the current crisis, S&P said. “Consumer loan book is likely to remain flat in 2020 because major purchase decisions such as housing and automobiles will likely be postponed until the health risk abates,” the report said. Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno said

Thursday they are working on data to gauge how the pandemic will impact key banking indicators and consumer behavior. “But the real behavior of consumers we don’t know yet… And we’re not even sure what will be the behavior of the motor companies. Maybe they will start selling, maybe focusing on the small cars rather than the big cars. So we are not yet sure,” Mr. Diokno said.

BSP data released last week showed outstanding loans disbursed by big banks grew at a slower pace of 12.7% in April from the upwardly-revised 13.6% seen in March. Consumer loans rose by 33.3% in April, also easing from the upwardrevised 36.5% in the previous month. “Given the slowdown in the economy amid the COVID-19 outbreak, credit costs will likely

remain elevated in fiscal 2020, but we expect them to decline thereafter,” S&P said. The debt watcher said loan growth last year slowed due to softer corporate loan demand amid the delay in the budget’s passage as well as the US-China trade tensions. “In 2021, as credit growth normalizes, consumer loan growth is SLOWDOWN/PAGE 7

Economic slowdown to affect loan growth

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No parking T h i n k a m i nut e … O n this journey of life do you sometimes feel like pulling over and parking? You feel like you have done enough, worked enough, and learned enough. It’s time to sit back, relax and enjoy the ride to the end. But “The problem with doing nothing is you never know when you’re finished.” When we pull over and park we get nowhere, and stop short of experiencing all that life has for us. One parking place we might stop at is what we think are our handicaps and weaknesses, because we compare ourselves to others who have certain abilities we do not have. But we must realize that we have our own special abilities. You and I must learn to accept ourselves with our own physical appearance, personality and talents. No one is completely handicapped! We each have something very important that we can be and do in this world which no one else can. This is why others actually need you to make the most of your assets and abilities, so you add your contribution and influence in their lives.

THINK A MINUTE

MONDAY|JUNE 29, 2020

Igpanuyadug Sa Abaga Ta Bayug (Protect Mindamora Falls)

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ORLAN R. RAVANERA “Igpanuyadug Sa Abaga Ta Bayug” is now the call of the Indigenous People all over Mindanao and such call has reverberated even reaching no less than our beloved President, Mayor Rodrigo Duterte. To understand from where that call is coming from, let me first go back in history. The indigenous cultures world-wide have understood and experienced life as a

continuum between human and non-human species and between present, past and future generations. An 1848 speech attributed to Chief Seattle of the Suquamish tribe captures this continuum: “How can you buy or sell the sky, the warmth of the land? The idea is strange to us. If we do not own the freshness of the air and the sparkle of the water, how can you buy them? Every part of this earth is sacred to my people . . .” It is so amazing to know that the culture of the Indigenous People has shown the oneness and interconnectedness of all of God’s creation. Indeed, the Unseen Being (the Creator) is seen through the wonderful scenery of nature evolving through billions of years. As vividly expressed by the Indigenous People, “Now we know that in

our pilgrimage through this life there are holy places where one is made to feel kinship with the divine, Magbabaya; where the heavens seem to bend low over our heads and the angels come and minister to us.” It is there where the IPs connect with Magbabaya. Visit Mindamora Falls where you can see the 3-story waterfalls against the backdrop of radiating plants and blooming flowers and above are flocks of birds hovering above as if dancing to the music of the wind. What could be more amazing than that but now that beautiful scenery is being wrecked by powers-that be to transform that holy place into a tourist spot to make money. Indeed, humanity has given high veneration to the profit motive that has captured the mind of all

governments, all institutions, all universities and even all religious groups. There is so much denigration of spiritual values and abuses of the rights of the IPs. Let us see the amazing culture of the Indigenous People and the love to Magbabaya. What was even more awes ome then that for thousands of years, the Indigenous People have lived abundantly in a land oozing with ecological resources in the spirit of sharing and services to one another. They even collectively transformed the land into rice terraces, using technologies that trust in the inherent processes of nature. They were one with nature, knowing when to plant by just looking up the Big Dipper, when the cup–like PROTECT/PAGE 7

Pandemic blues AFTER three months of beating pandemic blues, life as we know it now is no longer normal. Covid-19 has turned our way of life completely upside down — from the economic side of it to the adjustment disorder we are now facing on a global scale. In fact, an unprecedented level of anxiety has been spreading like wildf ire worldwide with no exemption in sight — rich or poor, the healthy and the weak, young and old alike are all probable victims of the pandemic. Having said that, health aut h or it i e s h a s i s s u e d warnings on the growing impact Covid-19 is having on young people. The median age of positive Covid-19 cases in March was 65 years old, but lately, it has dropped to 35 years old. There is now a surge of

people seeking mental health support. In this case, Covid-19 is the main culprit. C l i n i c a l ly sp e a k i ng , adjustment disorder is a stress response syndrome people experience in light of an identifiable life stressor (loss of a loved one, job, etc. ) Like it or not, we are now unconsciously suffering from heightened anxiety, more so of depression and mental trouble in the work place or in school. On the economic side, just how big an impact can a Covid-19 have on the global economy? Ac c ord i ng f i n an c i a l experts, the effect is dramatic and devastating, especially with potential vaccines are still several months away, at best. Indeed, the pandemic

has now incited the worst economic slump since the Great Depression. And here are some of the takeaways and why: • While the economic impact of the pandemic may not be long-lasting if the underlying cause is contained quickly, the vast spread of Covid- 19 means we are likely in for a more protracted economic downturn. • The biggest pandemic in modern history was the Spanish Flu of 1918-19, during which many servicebased businesses suffered double-digit losses. • Government interventions, such as sending money directly to households, may have less impact when stores are closed and people are fearful of even receiving packages at their door. Meantime, the exercise of wearing masks is an added

UNRUFFLED

RUFFY MAGBANUA outfit never before imagined to become an everyday face decor and again, like it or not, this becomes mandatory, including ot her he a lt h protocols which are now part of the new normal — social distancing, stay home, washing of hands, among others. Pandamay blues are here to stay. Stay safe. Stay home. (ruffy44_ph2000@yahoo. com)

A front-liner's story

JHAN TIAFAU HURST A second parking place that many of us stop at is our failures. Yet we all have failed, so join the club! Simply learn from it and try smarter next time. “We’ve only truly failed when we stop trying.” It’s so simple, yet so true: “A quitter never wins, and a winner never quits.” The final place many of us park is by our successes. In 1899, after the U.S. Patent Office had given over 600,000 patents, it made this statement: “Everything that can be invented has been invented.” They could not have been more wrong! Think of all the inventions since 1899: airplanes, radio, television, the computer, the PARKING/PAGE 7

The COVID-19 pandemic is an unprecedented crisis that has challenged all sectors of our society, especially the poor, the marginalized and, more so, the handicapped. But today’s extraordinary circumstances have not p r e v e n t e d Ja y A r g a n a Espeleta, from rising to the occasion. Espeleta, a PWD who had suffered from polio, is a front-liner in Muntinlupa C i t y ’s fight against COVID-19. The 46-yearold father serves as the Chief Medical Technologist in the Muntinlupa City Health Office (CHO), where he spearheads the city’s swabbing and testing efforts. Despite his physical cha l lenges and limite d mobi l it y, he st r ive s to commute to work, stepping out of the comfort of his home and risking the danger of getting the disease. On average, Espeleta interfaces with around 100 patients per day in the local swabbing

center and in the barangays. Espeleta has served at the CHO for the last 20 years. Last May 2019, he represented Muntinlupa City an international biosafety course. For Espeleta, it has always been public service above self. He recently lost both parents due to lingering illness. Last February, his father passed away just as COVID-19 was starting to spread in the country. Three months later, his mother also died when the targeted mass testing efforts of the city, which he supervises, was at its peak. He didn’t have the time to properly mourn his parents as he chose to attend to strangers during the pandemic. Asked why he continued to report to work despite his condition and personal circumstances, he replied: “It was my dream since I was young to serve the people whatever the cost. Despite my physical condition, I

knew that it’s my obligation and responsibility to help my fellow Muntinlupeños.” Espeleta just has one request to Muntinlupeños: “We go to work for you. Please stay at home for us.” The city’s response to COVID 19 Local government units have done a lot of heavy lifting in the fight against COVID 19. From their unique vantage points, let us hear it from Muntinlupa City Mayor Jaime R. Fresnedi and Muntinlupa City Administrator Allan A. Cachuela. Mayor Fresnedi: “Despite the availability of funds, one of the challenges that we face is managing the fear of our constituents in this pandemic. As local chief executive, I saw the need to face the challenge of making our city residents realize what it means to live in the “new normal.” In the city government, we have realigned all our efforts and budget towards

SPEAKING OUT

IGNACIO BUNYE initiatives in curbing COVID-19 in Muntinlupa. We h a v e c o n s t r u c t e d isolation facilities, purchased medicines and relief packs to aid our residents in the community quarantine, provided free transportation for medical workers and front-liners, among others. I appeal to all Muntinlupeños to continually observe health protocols such as frequent hand-washing, wearing of face masks, and physical distancing.” STORY/PAGE 7

CorporateWorld 5 JG Summit’s Altus sizzles on listing Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

MONDAY|JUNE 29, 2020

LTUS Property Ventures, Inc. (APVI), a new subsidiary of JG Summit Holdings Inc., successfully listed its shares at the Philippine Stock Exchange by way of introduction yesterday. Listed at an indicative price of P10.10 per share, APVI stock skyrocketed to an intra-day high of P240.00 per share despite 10 minute halts to cool it down and finally closed the day higher by 83.17 percent at P18.50 per share. APVI shares are exempted

from the PSE rules imposing a 50 percent price ceiling for oneday price surges because stocks listed by way of introduction have no offering or previous market prices. Instead of the 50 percent price cap, the PSE imposed 10-minute trading halts every time 20 percent price thresholds are breached to help cool it down. Stocks listed by way of introduction to do not go through an initial public offering but are allowed to be listed at the PSE as they have a wide enough

Sale of disinfectants, face masks still under sale quantity limit: DTI THE Department of Trade and Industry has lifted the quantity limit on the sale and purchase of vital and essential products listed under Memorandum Circulars No. 20-07 and 20-10 except for disinfecting alcohol, hand sanitizers, disinfecting liquids, and face masks (N95 and N88). The DTI has issued MC No. 20-36 lifting the quantity limit on the sale and purchase of certain essential products ordered in March this year to stop hoarding and panic buying. But the new MC continued to impose

volume limit on the sale of the four items. Disinfecting alcohol is limited to 5 bottles per customer for sizes one liter and below and 3 bottles for sizes more than one liter from 2 pieces only, regardless of size. Hand sanitizers are also limited to 5 bottles per customer for sizes one liter and below and 3 bottles for sizes more than one liter from only 2 pieces regardless of size. For disinfecting liquids, a customer is limited to 5 bottles for sizes one liter and below and 3 bottles for sizes more than one liter LIMIT/PAGE 6

shareholder base and have reached the minimum required public ownership. APVI listed 100 million common shares on the SME Board of the PSE, representing 100 percent of the real estate company’s issued and outstanding common shares. APVI (formerly, Altus San Nicolas Corporation) is a Philippine real estate company incorporated in 2007. It currently owns and operates the North Wing of Robinsons Place Ilocos mall located in San Nicolas, Ilocos Norte.

Nestlé Philippines, Inc. has completed the delivery of its “Kasambuhay Kits” for distribution to a million families in a hundred cities and municipalities, it said on Friday. The kits consisting of Nestlé products will be distributed by local government units and non-government organizations, as well as the Department of Agriculture in Regions 10 and 12. They are part of the company’s P500million Kasambuhay ng Pamilyang Pilipino

TECHNICAL DESCRIPTION Ads-1004-0039-Gni Higaonon Indigenous Cultural Communities An ancestral Domain of the HIGAONON ICCs/IPs located in Barangays Awang, Bagocboc, Tingalan, Nangcaon, Cauyunan and Limunda, Municipality of Opol; and Barangays Mahayahay and Upper Malubog, Municipality of Manticao, Province of Misamis Oriental. Bounded on the Northeast, along lines 32-39, by Barangays Patag and Malanang, Municipality of Opol, Misamis Oriental; on the Southeast, along lines 39-45-1-5, by Iponan River and Cagayan de Oro City; on the Southwest, along lines 5-10, by Iponan River and Cagayan de Oro Cityland along lines 5-10, by Iponan River and Cagayan de Oro City and along lines 10-16, by ADs-1002-0017-Gni with CADT number R10-ILI-0117-212 of the HIGAONON ICCs in Iligan City and along lines 16-28, by Municipality of Manticao and Naawan, Misamis Oriental; and on the Northwest, along lines 28-32, by El Salvador City, Misamis Oriental. Beginning at a point marked “1” on the plan, being S. 39 deg. 23’E., 2416.580m. from BKN-3629, “PPS 92” (NAMRIA), Barangay Tingalan, Municipality of Opol, Misamis Oriental thence; S. S. N. S. S. S. S. S. S. S. S. N. N. N. N. N. N. N. N. N. N. N. N. N. N. N. N. N. N. N. N. S. S. S. S. S. S. S. N. S. S. S. S. S. S.

60 deg. 22 deg. 25 deg. 35 deg. 45 deg. 40 deg. 21 deg. 16 deg. 11 deg. 49 deg. 82 deg. 64 deg. 73 deg. 88 deg. 32 deg. 34 deg. 40 deg. 09 deg. 40 deg. 41 deg. 45 deg. 36 deg. 67 deg. 29 deg. 56 deg. 42 deg. 09 deg. 22 deg. 53 deg. 05 deg. 50 deg. 23 deg. 38 deg. 08 deg. 54 deg. 09 deg. 38 deg. 34 deg. 84 deg. 46 deg. 40 deg. 30 deg. 05 deg. 68 deg. 40 deg.

38’ W., 56’ W., 46’ W., 33’ W., 53’ W., 59’ W., 39’ W., 52’ W., 15’ W., 55’ W., 48’ W., 02’ W., 52’ W., 03’ W., 57’ W., 39’ W., 24’ E., 48’ W., 09’ E., 01’ E., 39’ E., 04’ E., 10’ E., 02’ E., 52’ E., 44’ E., 43’ W., 30’ E., 29’ E., 03’ E., 05’ E., 01’ E., 12’ E., 19’ E., 21’ E., 22’ E., 25’ E., 44’ W., 59’ W., 36’ W., 03’ W., 04’ W., 15’ W., 14’ W., 46’ W.,

1380.86 m. to point 803.43 m. to point 1010.42 m. to point 490.350 m. to point 401.090 m. to point 719.500 m. to point 1223.510 m. to point 1017.140 m. to point 710.790 m. to point 175.430 m. to point 1299.850 m. to point 469.480 m. to point 1886.780 m. to point 4186.720 m. to point 1314.860 m. to point 1096.470 m. to point 1584.680 m. to point 926.140 m. to point 437.450 m. to point 2134.510 m. to point 908.340 m. to point 588.430 m. to point 126.220 m. to point 1681.520 m. to point 1093.420 m. to point 631.890 m. to point 1149.350 m. to point 1452.170 m. to point 3879.170 m. to point 3031.180 m. to point 5371.000 m. to point 4106.530 m. to point 1823.130 m. to point 524.760 m. to point 1815.860 m. to point 1228.630 m. to point 2278.010 m. to point 2285.780 m. to point 2115.400 m. to point 2318.830 m. to point 1190.540 m. to point 826.390 m. to point 1357.170 m. to point 685.570 m. to point 1008.860 m. to point

2; 3; 4; 5; 6; 7; 8; 9; 10; 11; 12; 13: 14; 15; 16; 17; 18: 19; 20; 21; 22; 23; 24; 25; 26; 27; 28; 29; 30; 31; 32; 33; 34; 35; 36; 37; 38; 39; 40; 41; 42; 43; 44; 45; 1;

Containing an area of EIGHTEEN THOUSAND SEVEN HUNDRED EIGHTY-EIGHT and 4832/10000 (18,788.4832) hectares more or less. All corners referred to are indicated on the plan and marked on the ground as follows: corner nos. 11-16 are “old ADBM” rectangular parallelepiped (25x25x100 cm.) concrete monuments and are identical to corner nos. 18,17,15,14,13 of Ads-1002-0017-Gni and all the rest by “ADBM” rectangular parallelepiped (25x25x100cm.) concrete monuments. Bearing is “PRS 92”, GRID. The said survey was executed by the NCIP Geodetic Engineers ELISUR T. PAILDEN and PILMORE J. SALAC, on August 2-31, 2018. Prepared by:

(SGD) ELISUR T. PAILDEN Engineer II COP, Survey Team

Published by: BWM: June 29, July 6 & 13, 2020

pursue business opportunities, unlocking possibilities for future ventures,” said RLC and APVI President Frederick Go. APVI’s stable recurring cash flows provide a solid base and a steady source of funds for potential business expansion and other investments. This financial strength provides a robust platform for future business growth. APVI expects to benefit from synergies with its affiliates, drawing upon the expertise and experience of RLC and the JG Summit Group.

Nestlé completes delivery of its products to pandemic-hit families

Republic of the Philippines OFFICE OF THE PRESIDENT NATIONAL COMMISSION ON INDIGENOUS PEOPLES 6th and 7th Flrs. Sunnymede IT Center, Quezon Avenue, Quezon City Website:www.ncip.gov.ph

The firm was a wholly-owned subsidiary of Robinsons Land Corporation (RLC). In 2019, APVI sought to list its shares by way of introduction, through a property dividend declared by RLC to its stockholders as of August 15, 2019. This resulted in JG Summit, as a shareholder of RLC, receiving 60.97 million APVI shares as property dividend for a 60.97 percent ownership of APVI. “We are delighted to have this new avenue for growth. APVI’s listing allows us to

(SGD) ENGR. CHONA B. LABAON Provincial Officer, Misamis Oriental

program, which is its response to the coronavirus disease 2019 (COVID-19) pandemic. The distribution of the Kasambuhay Kits is going on in the National Capital Region and other areas in the country, including locations where Nestlé has a presence. The beneficiaries include 10,000 coffee farmers’ families in Bukidnon and Sultan Kudarat under the Nescafé Plan. Non-profit organization Caritas Manila, which is the lead social service and

development ministry of the Catholic Church in the country, is participating in the distribution. Before launching the program in April, Nestlé Philippines had started providing Nestlé products to various local governments, as well as thousands of healthcare workers and other frontliners. “We are happy to have Nestlé as an active and responsive corporate citizen of Batangas especially during this difficult time. Nestlé is a

true Kasambuhay,” said Hermilando Mandanas, the governor of Batangas where Nestlé has two factories. Rev. Fr. Antonio Cecilio T. Pascual, executive director of Caritas Manila, said: “We welcome this opportunity to join hands with Nestlé in reaching out to needy families in severely affected communities during this pandemic.” Nestlé Philippines Chairman and Chief Executive Kais Marzouki DELIVERY/PAGE 7

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MONDAY|JUNE 29, 2020

Suicide Suggestions By GLENN D. CABATUAN, School Principal I Sario D. Roda Elementary School Lala North District, Division of Lanao del Norte

Hey! Wait a minute. Consider this before you kill yourself. Welcome to the club! You are not alone. I must admit, I'd been there once or twice. Heartaches can be very tragic. The thought of ending your life taunts you when you are very sad, disappointed or terribly guilty of something. A broken marriage, the loss of someone you dearly love, failed relationships, not passing in a major examination, being socially discriminated or bullied, bankr uptc y and other similar problems which are seemingly insurmountable can reduce you to extreme depression and anxiety. These negative emotions beckon you to a dead end where you can no longer find a way out. You lose your grip, you feel that life is worthless and death is the best resort. Now, this will surely hurt but you might want to consider some suggestions. You may have yourself ran over by a truck, car or train. This will probably dismember your limbs, squash your flesh, and your bones will scatter for the dogs to enjoy. If you hate that idea, you may choose to shoot yourself by inserting a gun's barrel into your mouth or pointing it directly to the side of your forehead before pulling the trigger. If there would be no stoppage of your firearm, the gunshot will surely create an ugly hole through your head and your brain will splatter all over the place. Messy, isn't it? Or you might want to jump off a cliff, a high building or a flying aircraft. Hmmm... if you do this deadly ritual off a cliff, there's a big chance that your body won't be found for a long time, or it won't be found for good. Then you won't have a decent burial. If you do it off a high building, you will likely become an instant sensation because spectators will notice you from below and the media will come sprawling all over the place with their cameras aiming at you. Most of these people will shout "Hey, get a grip of yourself! Please, don't do it! It's not the end of the world!" But if your enemies are there, they will be cheering for you by yelling, "Go, go, go! Don't be shy! You can do it! Come on!" If you will jump off a flying air craft, you will enjoy the thrill and excitement of sky diving before you hit the ground. But whichever you choose, these deathdefying stunts will surely break your bones and head, and your blood will make the ground awfully red and wet. Still messy, isn't it? Well, now I got you thinking. You might have the impression that I am

more excited than you with your suicide plan. You might even suspect that I think you're stupid. Of course, I trust your creativity! You are an artist. There are tons of suicide styles to choose from: swallowing poisonous substances, cutting your wrist, hanging yourself by the ceiling with a rope tied around your neck, plunging into the deep water without surfacing again or using deadly drug injections are some of the best alternatives. But, never mind. It's all up to you. It's your death anyway, so your style will prevail. You have to be original because after that, the news about your suicide will be all over the TV, radio, newspapers, social media platforms and gossips. At your burial, relatives, friends and loved ones will gather around your coffin with gnawing anguish and disbelief. They will question you in tears, "Why did you do it? We love you. You could have confided to us. We could have helped you!" But you won't be able to answer them anymore and their tears won't bring you back to life again. The dreadful and tragic memory of your death will leave an indelible scar in their hearts and the pain will destroy some of their dreams and lives. Like a domino effect, your misery will be multiplied in the lives of those you left behind. However, your enemies will rejoice. What a sad story! But, hey! How about giving yourself another option? Why not postpone or cancel your suicide schedule and try to do something positive instead? Your true friends are just a call away. You might be able to figure a way out of your predicament through their advices and help. If there's really no way of getting rid of the misery you are experiencing, try to be humble. Accept your failures, clear up your mind, pray, open your door to new positive possibilities, reach out, and make new friends. Discover new relationships, if possible. Oh, of course, you're not stupid. I trust your creativity. You're smarter than you think you are. Be original. Who knows? You might find a happy ending instead of a tragic death. What do you think, huh?

Rules... benefits will help businesses, particularly small enterprises, not to shut down their operation and to prevent layoffs. "What we are trying to say here is everyone must adjust. It is not now a question of kabuhayan (livelihood) versus karapatan (rights)," he added. Ju s t t h i s Apr i l , t h e government reported that over seven million Filipinos lost their jobs, an impact of lockdown measures due to the coronavirus disease 2019 (Covid-19). In the same webinar, DOLE Undersecretary Benjo Santos Benavidez said there are 2,601 micro and small establishments that filed reports and notices to the department on displacement of workers. Benavidez said there is no need to come up with a new policy on temporary wage cuts, as DOLE already issued Labor Advisory No.17 that allows negotiation between employers and employees to reduce pay and benefits. (PNA)

truck drivers and helpers, will be required to present at ports in Siargao and Surigao del Norte Rapid Antibody Test taken within five days prior to the date of departure,” the order said. Matugas clarified that the travel suspension and the additional requirements for all those who will board cargo vessels for Siargao will help authorities in contacttracing. The measure, he added, will enable the province to focus its human resources on managing the confirmed Covid-19 patients and those who tested positive in rapid antibody tests. As of June 26, data culled from the Department of Health in the Caraga Region (DOH-13) showed that the towns of Surigao del Norte had a total of 31 confirmed Covid-19 cases. Eight cases were recorded in Surigao City bringing to 39 the total number of cases in the province. Siargao Island has three seaports located in Dapa, Del Carmen and Sta. Monica towns while Bucas Grande Island has a port in Socorro town.

from page 1

Suspends...

20-175 issued Tuesday by Governor Francisco Matugas said the suspension took effect today Friday, June 26. It said boat trips will resume on June 30. “ T he O rd e r aims to manage and mitigate the spread of Covid-19 in the province of Surigao del Norte,” Matugas said. Aside from the suspension of passenger travels, cargo truck drivers and helpers bound for Siargao Island were also required to submit additional health requirements starting Friday. “Passengers to board cargo vessels, including

Seda...

enter the hotel and conduct daily temperature checks. Front desk staff wear masks and stand behind a protective barrier at the counter. Inside the elevator, the hotel provides tissues for pressing buttons, as well as a waste bin. Only in-room dining is allowed with orders individually packed for the guests to pick up at the restaurant. Senior Group General Manager Andrea Mastellone said limitations in facilities and amenities are temporary, with operations expected to resume when restrictions are eased. Und e r gove r n me nt’s

Philippines developing science education resources By JOCELYN C. APIAG Teacher III Sinonoc National High School Sinonoc, Sinacaban, Misamis Occidental

DOST is developing supplemental education resources in the form of radio and online to provide STEM learning for elementary and high school students in time for the opening of classes this school year. Called as RadyoEskwela sa Siyensya for elementary pupils and TuklaSiyensya sa Eskwela for high school students, DOST will be collaborating wit h D epEd for t hes e pro g r ams t o e n h an c e STEM learning. Since some places in the rural ar4eas have no Internet access, the agency said that radio remains as the most accessible m e d iu m . Wit h t h i s , grade school students can listen to RadyoEskwela sa Siyensya, a radio program

which will feature storybased science lessons to be aired by a network of community radio which will be the media partner of DOST in implementing this project for the students. RadyoEskwela consists of 20 to 30-minute episodes which are stor y-based and produced for early, primary and intermediate clustered grade levels. The episodes may be replayed by regional stations and offered to DepEd as learning resources for students who will be in distance learning mode anytime during the school year. The teachers will also be provided with Teacher’s Guide to help them in integrating the episodes in their daily lessons.

Oil down with surprise increase in US crude production ANKARA – Crude oil prices were down on Thursday with a surprise increase in US crude oil production, inciting fears of an increase in the global oil supply glut. International benchmark Brent crude was trading at USD39.92 per barrel at 0650 GMT for a 0.97-percent decline after closing Thursday at USD40.31 a barrel with a daily loss of 5.44 percent. American benchmark West Texas Intermediate (WTI) was at USD37.62 a barrel at the same time for a 1.02 percent loss after ending the previous day at USD38.01 per barrel with a daily decline of 5.85 percent. US crude oil production increased by 501,000 barrels per day (bpd) to approximately 11 million bpd for the week ending June 19, according to data released by the country's

Energy Information Administration (EIA) on Wednesday. This marked the first weekly increase in US crude oil output since the week ending March 13, the EIA data showed. Crude oil production in the US declined for 13 consecutive weeks since then, as the coronavirus disease 2019 (Covid-19) has taken a major toll on global oil demand and pushed prices in April to their lowest levels since 1999. Risks of a second wave of Covid-19 continue to keep global oil demand low and create downward pressure on crude prices. On top of that, rising oil supply from the US, the world's largest crude producer, is again arousing fears that the global oil oversupply will be difficult to trim in the second half of 2020. (Anadolu)

guidelines, hotels are not allowed to accept bookings from other guests not covered in the exceptions until further notice. Seda properties in Cagayan de Oro and Lio in El Nido, Palawan have been temporarily shut. “Seda is a homegrown brand with a long-term view. We have the flexibility to reset profit targets over certain periods for longterm gains like cementing our relationship with our most valued clients and supporting the Philippine economy in our own way,” Mr. Mastellone said.

Luzon under Enhanced Community Quarantine (ECQ) to stop hoarding by consumers, who had been in panic buying on some products at the onset of the lockdown that resulted in higher prices and shortages. The original list includes vital and essential commodities hand sanitizer, disinfecting liquids, bath soap, toilet paper, face mask, locally produced instant no o d les (mami, p ancit canton), canned regular milk, instant coffee in sachet, mineral water, and loaf bread. MC 20-10 is a supplemental Anti-Hoarding and AntiPanic Buying Directive under MC 20-07. It added in the list new products with quantity limit. The additional products include disinfectant wipes or towelettes such as wet wipe and baby wipes; locally-produced detergent soap; toothpaste; mouthwash; canned pork; canned beef; cooking oil, locally produced condiments (soy sauce, vinegar, fish sauce); and dried fish.

Limit... from page 5

from the original volume limit of 2 pieces only. A customer is allowed to buy one box (50 pcs) of face masks only, which is a more relaxed volume cap than the original volume limit of 5 pieces for N88 and N95. MC 20-07 was issued by DTI on March 19, 2020, three days after President Duterte placed the entire R.A. 9048 Form No. 10.1 (LCRO)

Republic of the Philippines Province of Misamis Oriental Municipality of Manticao OFFICE OF THE LOCAL CIVIL REGISTRAR NOTICE FOR PUBLICATION Petition No. CFN-0019-2020 In compliance with Section 5 of R.A. No. 9048, a notice is hereby served to the public that ARNOLFO RABOR ACEDO has filed with this Office a petition for change of first name from ARNOLFO RUSTICO, JR. to ARNOLFO in the birth certificate of ARNOLFO RABOR ACEDO who was born on December 11, 1964 at MANTICAO, MISAMIS ORIENTAL and whose parents are RUSTICO ACEDO and LETECIA RABOR. Any person adversely affected by said petition may file his written opposition with this Office not later than 11 JULY 2020. BWM: June 29 & July 6, 2020

(SGD) DOROTHEO O. LACBAIN, JR. Municipal Civil Registrar

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MONDAY|JUNE 29, 2020

Parking... from page 4

Internet, cell phones—just to name a few! And inventions continue to be made every single day! Just because you have achieved a little success in life, does not mean that is all you can do. “Some people think they’re in the groove when they’re really in a rut.” You will never know all you could have done in life unless you keep going and growing. For whatever reason, if you have given up and stopped reaching for more in your life, you can change all that today. Right now, you can ask Jesus to forgive you for your failure to live the way you know you should. Then ask Him to help you with His power so you can start living His way every day. It is only then that you can move on to fully living His great plan for your life. Just think a minute…

Protect... from page 4

formation of the stars is seen as tilted that water will flow, that is a sign that it will rain. The y were once the masters of the land that no one owned because private ownership was not in their language for no one can own the land that outlasts him/ her. On the contrary, the land will own us as we will all must bow down to the majesty of the land because all will succumb to it when we die. That cultural heritage of Res Communis, that spirit of sharing and service has continued through the years, passing on to the present generation the harnessing of collective power of the Indigenous People which was manifested before in producing the 8th wonder of the world. The contemporaneous society of the Indigenous People has created a different world applying the same formula of harnessing the collective power which is, the genuine essence of cooperativism. Nothing could match the story of empowerment of the Indigenous People than that of the newly organized cooperatives of the IPs in the six barangays in Kibulag, Talakag, Bukidnon called the “Igpanuyadug Sa Abaga Ta Bayug Agriculture Cooperative” whose razon d’etre is to protect the Mindamora Falls which is now threatened by two LGUs nearby which are now transforming the area into a tourist spot and in doing so, wrecking so much havoc to the environment. “Abaga Ta Bayug” has been the sacred ground of the IPs not only to the more than 2,000 IPmembers of the cooperative but to the millions of IPs in Mindanao. Without even informing or consulting the IPs, these IGUs dared to intrude and the Chieftains of some the tribes are puzzled no end. “Tumindig po ang aming balahibo.” They wrote our beloved President Mayor Rodrigo Duterte “na sana po matigil na ang kasuwapangan

ng iilan dahil kung ito po as magpapatuloy, kami po ay handang magpakamatay at pumatay.” By the way, the elected Chairman of the newly organized cooperative to protect Mindamora Falls is Sultan Abdul Amoran who is half-maranaw and half-higaonon. He is the Kumander of the Special Unit of the MILF North Eastern Mindanao Front with some 1,500 combatants based in Camp Arkam, Maguing, Lanao del Sur. I thank Sultan Amoran for listening to the plea to have a cease fire, form themselves into cooperative to fight the number one enemy of the country which is poverty and social injustice. Ang sagot po nila, “Mga pagari akon samasama tanu kooperatiba. Isa lang ang armas namin ngayon, KOOPERATIBA! Through cooperativism, I firmly believe that the second longest war in the world, the Mindanao War can now be stopped. But please let us join hands to STOP THE ONGOING DEGRADATION OF MINDAMORA FALLS, the sacred ground of the IPs!

Story...

from page 4 C i t y Ad m i n i s t r a t o r Cachuela: “The COVID-19 p andemic has b e en an unpre ce dente d t ime of crisis for ever yone. All cities in Metro Manila, if not the whole country, are not prepared to financially, emotionally, and physically address this health crisis. Among the challenges is the abrupt change in lifestyle and behavioral change needed to cope with the new normal. The challenge for us is to prepare and help our people adjust to the new way of life, behavior, and culture. Here in Muntinlupa, we have mobilized all sectors, including the barangays to rise up to the challenge of curbing COVID-19 in the city. Everyone is involved in the fight against COVID-19.” Third community on lockdown The city government has placed Block 35 Excess Lot in Soldiers’ Hills Village in Barangay Putatan on a 15day lockdown, starting June 23 until noon of July 7. The three roads leading to the community are now closed. The lockdown was imposed after the city health office reported 10 positive cases, coupled with a shortened “doubling period”. Block 35 Excess Lot is the third community in Muntinlupa to be put under extreme lockdown. Sitio Pagkakaisa Zone 3 Interior in Barangay Sucat was under lockdown until Friday (June 26). Morning Breeze Homes in Barangay Alabang was under quarantine from June 3 to 16. Curfew and market schedule In a bid to manage the COVID-19 situation in the city despite the relaxation of quarantine measures, the local government of Muntinlupa is set to enforce a curfew and market schedule

during the implementation of the General Community Quarantine (GCQ) and Modified General Community Quarantine (MGCQ). Mayor Jaime Fresnedi approved City Ordinance Nos. 2020-102 and 2020103 imposing a city-wide curfew from 10:00 PM to 4:00 AM during the GCQ and MGCQ, and a market schedule regulating the operations of the Alabang Public Market, respectively. Fresnedi said the initiative to implement a curfew and market schedule for residents aims to limit movements and interactions in public places which are hotspots for the transmission of COVID-19. E-jeepneys for frontliners Meanwhile, Muntinlupa City Administrator Cachuela thanked the management of Star 8 Green Technology Corporation for providing 10 e-jeepneys to service two routes in Muntinlupa to help stranded front-liners and government employees. Covid 19 Dashboard As of June 15, Muntinlupa City has 303 confirmed cases with 185 recoveries, 83 active cases, 35 reported deaths, 45 suspect cases, and 324 probable cases. Note: You may wish to share the foregoing article via Facebook, Twitter or Linked-In.

Defends... from page 2

budget for “hir ing t he provisional employees of MBHTE in the contract of service even just up to the end of the School Year 20202021.” “This is the only way we can meet halfway: upholding the law and at the same time, easing a little the suffering of the provisional teachers,” Ebrahim said. “May puso din po tayo (We have a heart too)." The MBHTE-BARMM has 828 provisional employees out of its estimated 25,000 employees region-wide. (PNA)

be “reactive” or positive in the rapid antibody tests still need to undergo real-time reverse transcriptase-polymerase chain reaction (RT-PCR) confirmatory tests," he said. Retuya also said health workers will conduct a “knowledge, attitudes and practices” survey ahead of an information campaign on Covid-19, adding the results of the survey will also allow health workers to bring those likely to be infected to isolation facilities as a safeguard against the spread of the disease. He said the seroprevalence survey can be used as a basis for science-based decisions on strategies for Covid-19 response. Me anw hi le, Retuya announced that the city has recorded the 28th case of Covid-19 patient--the 12th active case as of Thursday. (PNA)

Extends... from page 3

issued or denied with a legal and factual basis by concerned BIR offices within three working days from the submission date of the request. In addition, the completed amnesty application and return must be endorsed for payment by the BIR within one working day from complete submission. This streamlining ensures the BIR's prompt processing of tax amnesty applications. (PR)

Peso... from page 3

and the upgrade of the country’s credit rating, with the Japan Credit Rating Agency (JCRA) elevating its rating on the country from BBB+ to A- on the belief that the domestic economy will remain resilient even after the pandemic. “ These reflect the P h i l i p p i n e s ' i mp r o v e d economic and credit fundamentals, as well as improvements in f iscal performance in recent years that could help attract more international investments and international credit/

loans at much lower cost into the country, in view of the need to finance Covid-19 programs and other economic stimulus measures needed to help sustain the economic recovery after Covid-19, thereby could further help boost the country's GIR to new record highs, going forward,” he added. On t he ot her hand, ING Bank Manila senior economist Nicholas Mapa, in a reply to queries from PNA, said he expects the peso to weaken in the remaining months of the year partly due to the projected drop of remittance inflows. BSP data show that cash remittances last March reached USD2.4 billion, higher than the previous month’s USD2.358 billion but lower than year-ago’s USD2.514 billion. In the first quarter this year, remittances grew by 1.4 percent to USD7.403 billion, lower than the 4.2-percent expansion it registered the same period last year. Monetar y authorities expect remittance growth to contract by 5 percent this year, a turnaround from the 3-percent growth projection earlier, due to job losses among overseas Filipino workers (OFWs). Mapa said another risk factor for the peso this year is the projected recovery of imports in the second half of the year as the government’s priority Build, Build, Build program gains traction. “PHP (The Philippine peso) could settle at 52.06 by year-end,” he added. (PNA)

Slowdown... from page 3

credit growth next year. “The central bank plans to bring the ratio down to single digits by 2023. This will free up liquidity and boost credit growth,” S&P said. The RRR of big banks is currently at 12%, while reserve ratios of thrift and rural lenders are at four percent and three percent, respectively.

Delivery... from page 5

said the bond between the company and Filipino families “involves a heritage of trust which goes back 109 years.” “Nestlé has become part of their daily lives through many generations. We believe it is only fitting that during this challenging period, we have mounted this initiative to share our products with those who are most affected by COVID-19,” he said. Mr. Marzouki said Nestlé Philippines is committed to ensure that its products remain available to those who need them, “to assure the safety and welfare of our employees, and assist those of our business partners.” “Wit h t h e d i f fe re nt s e c tors of ou r s o c i e t y working together, we will successfully weather the challenges brought about by this pandemic as we strive to build a better future for all Filipinos,” he said.

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

likely to outpace corporate growth due to pent-up demand,” S&P said. It added that the BSP’s easing stance, including its move to reduce reserve requirement ratio (RRR) of big banks by 400 basis points (bp) in 2019 and another 200 bps this year will also support

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

EXTRA JUDICIAL SETTLEMENT WITH SALE

KNOW ALL MEN BY THESE PRESENTS:

That the late SIMEON PAGTULON-AN who died on May 11, 1996 at Cagayan de Oro City, the deceased at the time of his death left a certain parcel of land with Transfer Certificate of Title No. T-39596 situated in the Barrio of Carmen, Cagayan de Oro City, Island of Mindanao, containing an area of TWO HUNDRED (200) square meters, more or less and has been the subject of an EXTRAJUDICIAL SETTLEMENT OF THE ESTATE OF SIMEON PAGTULON-AN WITH SPECIAL POWER OF ATTORNEY, filed by the heirs of SIMEON PAGTULON-AN, per DOC #177; PAGE #36; BOOK #56; series of 2020, under the Notarial Registry of ATTY. MARISSE GAY G. LICO ABALDE.

That the late CUSTODIO L. CURIADO JR. who died on June 7, 2014 at Medical Center- Cagayan de Oro City that the deceased at the time of his death left a parcel of land located at Cogon Cagayan de Oro City, covered by Transfer Certificate of Title No. 137-2014001340, declared under Tax Declaration No. g-274856 and which is more particularly described as follows; containing an area of One Hundred Sixty Eight (168) Square Meters More or Less, that said deceased died intestate, without will or testament and without any outstanding debts in favor of any person or entity; filed by the heirs of CUSTODIO L. CURIADO JR., per DOC #72; PAGE #15; BOOK #134; Series of 2020 under the Notarial Registry of ATTY. SATURNINO N. BAGONGA.

That the late FELY MABAO JACALAN, who died intestate on January 24, 2003 at Banbanon, Taboc, Opol, Misamis Oriental, died intestate without any last Will or Testament, and without any outstanding debts; that the deceased left a parcel of land, more particularly described hereunder: PORTION ONLY OF ORIGINAL CERTIFICATE OF TITLE NO.35 LOT 35852-E-1 and LOT 35852-B-1 (250 Square Meters, more or less) situated in the Sitio of Basac, Daco, Barrio of Malanang, Municipality of Opol, Province of Misamis Oriental, Island of Mindanao, containing an area of FIVE THOUSAND THREE HUNDRED FIFTY SEVEN (5,357) Square Meters, more or less and has been the subject of an EXTRA JUDICIAL SETTLEMENT WITH SALE, filed by the heirs of FELY MABAO JACALAN, in favor of HEREMIAS G. LIMPAG and JOCELINDA G. LIMPAG, per DOC #394; PAGE #77; BOOK #11; Series of 2017, under the Notarial Registry of ATTY. ALMIRA B. VALDEZ.

That the late FELY MABAO JACALAN, who died intestate on January 24, 2003 at Banbanon, Taboc, Opol, Misamis Oriental, died intestate without any last Will or Testament, and without any outstanding debts; that the deceased left a parcel of land, more particularly described hereunder: PORTION ONLY OF ORIGINAL CERTIFICATE OF TITLE NO.35 LOT 35852-A-1 and LOT 35852-B-1 (500 Square Meters, more or less) situated in the Sitio of Basac, Daco, Barrio of Malanang, Municipality of Opol, Province of Misamis Oriental, Island of Mindanao, containing an area of FIVE THOUSAND THREE HUNDRED FIFTY SEVEN (5,357) Square Meters, more or less and has been the subject of an EXTRA JUDICIAL SETTLEMENT WITH SALE, filed by the heirs of FELY MABAO JACALAN, in favor of EDUARDO MARAON, JR. and STEPHANNE MARAON, per DOC #396; PAGE #78; BOOK #11; Series of 2017, under the Notarial Registry of ATTY. ALMIRA B. VALDEZ.

BWM: June 22, 29 & July 6, 2020

BWM: June 15, 22 & 29, 2020

BWM: June 29, July 6 & 13, 2020

Records... from page 2

But Retuya clarified that the rapid tests cannot be used to determine the presence of the Sars-Cov2, the virus that causes Covid-19. "Those who are found to EXTRAJUDICIAL SETTLEMENT OF THE ESTATE OF SIMEON PAGTULON-AN WITH SPECIAL POWER OF ATTORNEY KNOW ALL MEN BY THESE PRESENTS:

E X T R A J U D I C I A L SETTLEMENT OF ESTATE AMONG HEIRS WITH DEED OF ABSOLUTE SALE KNOW ALL MEN BY THESE PRESENTS:

CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City

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

Feature Stay Loud and Proud from home with Globe & Pride@Tech Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

MONDAY|JUNE 29, 2020

VEN during the midst of a pandemic, LGBTQ+ Pride still finds a way to be boldly seen and heard. As the much-anticipated Pride marches and events for the month of June have been cancelled, various LGBTQ+ communities and organizations in the country have turned to the online world to celebrate their colorful parades and protest for equal rights and greater gender visibility. This 2020, Globe Telecom, along with

other technology leaders, is partnering with Pride@Tech to #Recreate #Pride2020. #Pride 2020 will bring the spirit of pride online, making the occasion even more accessible and safer for everyone to celebrate at home. “Globe has always been a champion in supporting programs that promote inclusivity and equality in our society. This year, Globe is teaming up with Pride@Tech and we couldn’t be happier to lend our support again in amplifying the voices and concerns of the LGBTQ+ community not just in the streets, but this time in online spaces as well,” says Globe Vice President for Marketing Services Hub Jennifer Echevarria. Through the online platform, “Pride March From Home: United for COVID Relief ”, all LGBTQ+ members and allies are invited to join in on a virtual pride march for equality. The event is set to be officially launched on June 27 at 3 p.m for the benefit of LGBTQ+ communities who are badly affected by the pandemic. Interested Pride-goers from all over the world can participate in the Pride event by registering at www.marchforpride.com, where they can create their own rainbowcolored virtual route. They can also share the call to #PrideMarchFromHome on social media. The platform also houses a donation drive via iVolunteer, the Philippines’ first volunteer portal, where all proceeds will support LGBTQ+ communities. Here Globe subscribers can donate to iVolunteer through the Globe Rewards App or the GCash mobile wallet app. “During such difficult times, Filipinos have proven that technology can be harnessed to do much social good,” says GCash CEO, Martha Sazon “With this year’s Pride march, we wanted to help in creating opportunities for people to band together in solidarity and extend the needed help from the safety of their homes through online apps.” Globe is a signatory to the United Nations Global Compact and is committed to support events and implement meaningful programs focused on 10 of the 17 UN Sustainable Development Goals (SDGs). For Globe, collaborating with LGBTQ+ organizations, further promotes SDG No 5 - gender equality, diversity, and inclusion within and outside of the workplace. In fact, recently in February, Globe has allowed its employees to declare their same-sex legal spouse as qualified dependents and beneficiaries for employee health and insurance benefits. To know more about how to donate by earning and redeeming points, download the Globe Rewards App or visit https:// www.globe.com.ph/help/rewards.html. To donate through GCash, download the app from the Apple Store or Play Store.