BusinessWeek Mindanao (June 2, 2017)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 157

Market Indicators As of 5:01 pm June 1, 2017 (thursday)

FOREX

PHISIX

US$1 = P49.70

7,927.49

6

X X Briefly

cents

90.37 points

Price control BUTUAN City -- Following the declaration of martial law by President Rodrigo Roa Duterte in Mindanao amid the ongoing clashes between government troops and Maute group in Marawi City, the Department of Trade and Industry (DTI) informs all consumers and retailers that pursuant to Section 6 of the Republic Act 7581 or the Price Act, prices of basic necessities in an area proclaimed or declared under martial law shall be automatically frozen at their prevailing prices or placed under automatic price control.

The regions in Mindanao where the automatic price control shall be implemented are Region IX - Zamboanga Peninsula; Region X - Northern Mindanao; Region XI -Southern Mindanao; Region XII South Cotabato, Cotabato, Sultan Kudarat, Sarangani and General Santos City (SOCCSKSARGEN); Region XIII – Caraga.

Unless sooner lifted by the President, price control shall be in effect for 60 days for basic necessities, and 15 days for household liquefied petroleum gas (LPG) and kerosene from the date of declaration.

Chinese undeterred DAVAO City -- The level of interest of Chinese investors in doing business in the country remains “high” and upbeat as evidenced by the recent visit of a group of Chinese business leaders one week after the declaration of martial law in Mindanao.

Davao City Investment Promotions Center (DCIPIC) head Lemuel Ortonio said he recently met with a group of Chinese investors who are interested to put up accommodation facilities, parks, and other tourism facilities.

He claimed that the issue on martial law in Mindanao did not bother the prospective investors at all. In fact, he added, his office continues to get inquiries on the investment opportunities in Davao.

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Long-term prospects for Mindanao remain strong www.businessweekmindanao.com

Friday | June 2, 2017

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By KRIS M. CRISMUNDO, PNA

ONG-term prospects for Mindanao remain strong as information technology and business process outsourcing (IT-BPO) c omp ani es w i l l continue to explore the southern part of the Philippines despite the declaration of martial law in Mindanao.

WAITING FOR HELP. An elderly evacuee from Marawi City squats while waiting for the distribution of relief goods at the covered court in Balo-i, Lanao del Norte. mindanews photo by h. marcos c. mordeno

DOE set to launch WESM Mindanao THE Department of Energy (D OE) is s et to launch the Wholesale Electricity Spot Market (WESM) in Mindanao this June, its spokesperson has said.

The department has been laying the groundwork to deliver quality, reliable, secure and affordable electricity to Mindanao through the WESM, Energy Un d e r s e c re t a r y Fe l i x William Fuentebella said during a presentation on WESM in Cagayan de Oro City.

Likening the spot market to “a dating place”, Fuentebella said it is where

GRIEVING FAMILY. A Maranao woman sheds tears upon learning that some of her relatives were killed in the fighting between the Maute Group and government forces in Marawi. photo by gerry lee gorit

“the demand and supply of electricity meet so that there will be increased efficiency in the use of energy”. ”Fairness and transparency. These are the bedrock of the rules to have a level playing field for the good energy participants to shine,” he said in a news release issued Tuesday.

He noted that the WESM mechanism will bring more flexibility and progress, and enhance the consumers’ power of choice.

Energy Secretary Alfonso Cusi has since January been spearheading the DOE’s a c t iv it i e s i n Mi nd ana o because he wants the island wesm/PAGE 11

DepEd sees students’ exodus to Iligan

By MARK FRANCISCO, Staff Writer

THE Department of Education (DepEd) is bracing for the expected influx of displaced students in Marawi City to enrol in Iligan City.

In a meeting with all the six DepEd regional directors from Mindanao last Tuesday in Cagayan de Oro City, Education Secretary Leonor Briones estimated that around 2,155 elementary, junior high and senior high students will re-enrol in both public and private schools in Iligan City.

Briones also admitted that the agency is overwhelmed

by the exodus thus resulting to a shortage of classrooms in the vicinity.

Speaking to reporters after her meeting with the regional directors, Briones said that DepEd will be erecting what she dubbed as “temporary learning spaces” or tents for the students to use in the next academic year which will start this Monday.

“For the tents, there will be no budgetary problem as based from experience, a lot of sectors are expressing exodus/PAGE 11

“Demand (is seen) to continue in the IT-BPO sector despite what’s happening in Mindanao. So, it’s business as usual,” Rick Santos, Chairman and CEO of Santos Knight Frank, formerly CBRE Philippines, said in a press conference Thursday.

He added that the business sector is looking at the declaration of martial law in Mindanao as a practical and short-term solution to address lawlessness in the region.

“With regards to martial law, it’s a temporary measure to take care of some of the lawlessness,” Santos noted.

Earlier this week, Trade Secretary Ramon Lopez stressed that martial law will not harm economic activities in Mindanao. prospects/PAGE 11

Samira Gutoc-Tomawis with MILF implementing panel chair Mohagher Iqbal in a press conference last March. mindanews photo

BTC commissioner resigns over Marawi siege

By VIOLETA M. GLORIA, MindaNews

ILIGAN City -- Samira Gutoc-Tomawis, human rights advocates and resident of Marawi City, resigned from her post as a member of the Bangsamoro Transition Commission (BTC) following the siege of her hometown.

The BTC is tasked by the government to draft the Bangsamoro Basic Law, or the enabling policy of the Framework Agreement on the Bangsamoro (FAB) and the Comprehensive Agreement of the Bangsamoro (CAB) signed by the government and the Moro Islamic Liberation

Front (MILF) on 2012 and 2014, respectively.

Tomawis, in a phone i n t e r v i e w, s a i d h e r resignation was “driven by the overwhelming situation” of the crisis in Marawi and the “declaration of martial law.”

Furthermore, she said she was turned off by the “statement of President Rodrigo Duterte on rape that is offensive to the Bangsamoro women.”

Maisara Dandamun, also a member of the BTC, said resigns/PAGE 11

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Economy 2 not compromised Power-firm ensures quality control Education amid Marawi crisis, says DepEd to run Bukidnon 68.8-MW hydros A

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friday|june 2, 2017

N D R I T Z Hy d r o is on its half way of completing the installation of four units Francis-type turbine for the 25.4-MW Manolo Fortich Hydropower Plant 2 of Hedcor Bukidnon, Inc., a subsidiary of AboitizPower.

While the Manolo Fortich Hydropower Plant 1 will have a combination of Francis-type and Pelton-type turbines with two units each type.

This will generate 43.4 MW renewable energy.

Andritz was awarded 15 million Eurodollar worth-

of-contract to complete the electromechanical works of Hedcor’s newest two power plants.

This Hedcor’s hydro project is enough to provide clean energy to approximately 70,000 households in the island of Mindanao.

“Aside from installing the electromechanical equipment, Andritz ensures quality control of the entire hydro system such as analysis, target points, alignment, and ensures the hydro plant will soon generate power, control/PAGE 11

THE Department of Trade and Industry - Misamis Oriental Provincial Office (DTI-MOR), in partnership with the Local Government Unit of Cagayan de Oro opens to public a Diskwento Caravan - Balik Eskwela Edition on May 31-June

1, 2017 (Wednesday and Thursday), from 8:00 a.m.

- 6:00 p.m. at City Hall Grounds.

Around 26 companies have signified to participate in the event offering variety of basic goods, back to school items and assorted-for-sale-

products at discounted rates and prices.

With the number of suppliers joining, the public is assured of unique premium offers on grocery items (buy one take one, freebie or give-away items) or deep discount slashes ranging

from 10-50% off for dry goods and other basic and prime commodities at their picking, such as ready-to-wear (RTWs) - school uniforms, basic apparel (bags, shoes, slippers, towels, pants, shirts), Dry Goods - school, office, caravan/PAGE 11

DTI Diskwento Caravan opens in CDO

“EDUCATION will not be compromised even with the present Marawi crisis.”

This has been stressed by Department of Education (DepEd) Secretary Leonor Briones during the Meeting of DepEd Officials of Mindanao on May 30 at Luxe Hotel, here saying that the department will augment the teaching force, learning materials and create learning spaces for those who are affected by the siege.

Briones also said that they are going to waive the requirements like birth certificates and cards so as not to hinder any child in continuing his or her studies.

However, for the schools in Autonomous Region of Muslim Mindanao (ARMM), opening of classes might be

moved two weeks from the regular schedule on June 5.

“In times of war, you cannot be demanding all t he usu a l bure aucr at i c requirements which we do under normal times but these are not normal times,” the secretary stressed.

As for the school preference of a learner, Briones said that any child who wants to go to school in a particular area be it in Marawi, Iligan or Cagayan de Oro City, will be accommodated.

“We will not sacrifice education,” Briones said as she explained that in order to do so, the department will augment the teaching force and for Maranao speaking learners, they have tapped the ARMM region to assist education/PAGE 11

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Philippine Navy. Philippine Navy offloads on May 31 in Iligan City port military vehicles and other supplies for distribution to the different AFP units in Mindanao to cater to the transport and logistical requirements for the ongoing military operations against the terrorists. Dispatched BRP Tarlac (LD-601), first strategic sealift vessel of the navy, sailed from Subic Bay, Zambales last May 29. (ZRD/AD/PIA10)

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friday|june 2, 2017

CEB passenger traffic picks up in April The Philippines’ leading carrier, Cebu Pacific Air (PSE: CEB) saw passenger growth bounce back in April, as summer went into full swing and on the back of the traditional Lenten break and four-day long Labor-Day weekend.

Total passenger traffic of CEB and wholly owned subsidiary Cebgo reached 1.817 Million in April 2017, up 2.6% versus the same month last year. For the first four months of 2017, CEB and Cebgo carried a total of 6.63 Million passengers, reversing the decline in the first quarter of 2017.

Capacity grew 4.2% in

April, bringing total growth in the number of seats sold to 3.3% from January to April 2017. Seat Load Factor reached 88.6% in April 2017, bringing the four-month total to 85.1%. CEB ramped-up capacity this year to support domestic destinations such as Siargao, Masbate and Tablas in Romblon. The carrier also expanded its VisayasMindanao route network with direct flights from Cagayan de Oro to Tagbilaran and Bacolod.

“To reach our goal of flying 20 million passengers this year, we remain committed to expanding our domestic route network, where we

lead with 37 destinations; and looking at opportunities to grow our international market where we can meet rising demand and sustain our year-round low fare proposition.” said Atty JR Mantaring, Vice President for Corporate Affairs of Cebu Pacific.

For the first quarter of 2017, CEB revenues reached P16.864 Billion, a 4.7% increase year-onyear, driven by growth in ancillary and cargo revenues.

However, the growth in costs outpaced that of revenues, bringing net income for the first three months of 2017 to P1.283 Billion, versus P4.037

Last week, the Lucio C. Tan-led airline announced it is suspending its ManilaAbu Dhabi flights starting July 8 as it undertakes “route assessment initiatives.” PAL continues to fly to Dubai, Doha, Jeddah, Riyadh, Kuwait and Dammam.

Gokongwei-led Cebu Pacific also said it will suspend its long-haul service from Manila to three Middle Eastern cities -- Riyadh, Kuwait and Doha -- citing “oversupply” amid intense competition from Gulf carriers.

The airline, however, will continue to fly long-haul services to Dubai, United Arab Emirates and Sydney, Australia, “with a view to increasing frequencies to these destinations in the future.”

In the previously concluded air talks with United Arab Emirates last April 26 to 27, PAL also said the government

Cebu Air, Inc. Announcement of Dividend Policy Cebu Air, Inc. wishes to announce that it has adopted a dividend payment policy of approximately 20% of the previous year’s earnings per share.

The Board of Directors of Cebu Air, Inc. has adopted a dividend policy to pay an annual dividend of approximately 20% of the previous year’s recurring earnings per share (per audited consolidated financial statements of the Company). The pay-out ratio shall be reviewed every year by the Board of Directors while considering the Company’s results of operations, medium and long term growth and investment strategies, cash flow requirements, and other relevant factors. Declaration of the cash dividend is expected to coincide with the Annual Shareholders Meeting of Cebu Air, Inc. During Cebu Air Inc.’s Annual Shareholders Meeting held last May 19, 2017, the Company announced that the

Board of Directors approved the declaration of a regular cash dividend in the amount of One Peso (P1.00) per share and a special cash dividend in the amount of One Peso and Seventy Five Centavos (P1.75) per share, to all stockholders of record as of June 9, 2017.

The dividends shall be paid on July 5, 2017.

“This dividend policy has been formulated taking into account the Company’s historical performance and financial outlook. The Board believes that this policy is in line with good corporate governance practices and is in the best interests of the shareholders. We hope that this also reflects our drive to share our Company’s success with our shareholders.” said CEB President and CEO Lance Gokongwei.

This dividend policy shall commence upon the release of the audited consolidated financial statements for the year ending December 31, 2017.

should not grant the request of the UAE airlines for more flights to Manila.

“It is expected that UAE carriers will persist in asking for more flight entitlement rights to Manila, for both Emirates and Etihad to use.

The Philippine government should not grant the request of the UAE airlines for more flights to Manila. The NAIA is already severely congested...

Local airlines have been required to reduce some of their domestic routes since late 2016, with both PAL and Cebu Pacific responding by directing flights to Clark, Cebu, Palawan and other airports in lieu of the sacrificed NAIA routes,” the airline earlier said in a statement.

“It would be inconsistent and discriminatory for the government to now take a different approach and allow UAE airlines to expand to Manila. Congestion will

When you’re in Davao City, Read:

HOTELS & RESORTS DIRECTORIES

Billion in earnings in the same quarter last year.

CEB announced five new routes, due to start commercial operations next month. Starting July 26, 2017, CEB will fly three times weekly (Monday, Wednesday, and Friday) between Cebu and Masbate, Davao and Dumaguete, and Zamboanga and Cotabato. Cebgo will also begin flying four times a week (Tuesday, Thursday, Saturday, and Saturday) between Cagayan de Oro and Zamboanga, and Davao and Tacloban on July 27, 2017. The new routes will be serviced by the Cebgo fleet of ATR aircraft.

PAL: No need for more flights to Middle East AHEAD of the air talks between the Philippines and Qatar this week, Philippine Airlines (PAL) said there is no need for additional flights to the Middle East, citing “overcapacity” in the present routes. “[O]ur position is that there should be no additional flights, just like our position during the last air talks,” PAL President Jaime J. Bautista told reporters last week. “[T]here is overcapacity now [to the Middle East] as I’ve mentioned earlier, the Middle Eastern carriers are carrying passengers from Manila to the Middle East to other destinations -- but we should consider also the traffic between the two countries,” he added.

PA L h a s a l r e a d y communicated its position in “paper” with the Civil Aeronautics Board, ahead of the May 30-31 air talks.

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be worsened, not just in terms of runway movements but also more passengers coursing through NAIA’s overburdened terminals,” PAL added, noting that “if airlines like Emirates and Etihad are so bent on putting up more flights to the Philippines” then they should fly to Davao instead.

The airline said then that UAE airlines deploy their considerable resources to gain a dominant foothold on t he Mani la market, w here the y now f ly 35 weekly services versus the 17 deployed by Philippine carriers.

The Manila to Middle East route is also currently served

by Emirates, Etihad Airways.

Other airlines linking the Philippines directly with the Middle East are Saudi Arabian Airlines, Qatar Airways, Kuwait Airways, Oman Air and Gulf Air.

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By Wyndham Davao Damosa Gateway Complex Angliongto Rd., Lanang Davao City 8000, Philippines Tel +63 82 233 2333 / Mobile +63 917 795 3548 www.microtelphilippines.com PINNACLE HOTEL Sta. Ana Avenue, Davao City.

No. (082) 300-5885 Telefax: 300-1881/ 221-3025 Website: www.thepinnaclehotel.com ALU HOTEL M. Roxas Avenue corner Padre Faura Street, Davao City.

Tel No (63 82) 221-5232 / Mobile (O943) 652 3927 Email: aluhoteldavao@yahoo.com info@alu-hotel.com / www.alu-hotel.com GRAND REGAL Km 7 Lanang, Davao City, Philippines Tel. 235-0888 / Fax 235-2335 email: grandregalhotelegmail.com

VIAJEROS ECONOMY HOTEL Patnubay St., Sandawa, Matina, D.C Tel. No. 297-5710 / Telefax (6382) 298-5134 Mobile: 0922.-8268425 Website: www.viajeroseconomyinn.com

ROYAL MANDAYA HOTEL J.Palma Gil St., Davao City 8000 Phils.

Tel. No. (082) 225-8888 / fax No. (082) 225-1885 info@theroyalrmandayahotel.com www.theroyalmandayahotel.com HOMITORI Bangoy Street corner Santa Ana Avenue, Davao City Tel. No. (082) 295-2969 & 295-2471 / Mobile: (0922) 8994646 Email: homitoridvo@gmail.com or Like us on www.facebook.com/pages/Homitori-Davao BIG APPLE HOTEL Brgy. Angliongto, Lanang, D.C. Hotline Nos.: (082) 234-8459 Facebook account: bigapplehotel@ymail.com Email: bigapple_hotel@ymail.com

THE PERIDOT SUITES Carmelite Drive, Lanang, Davao City Tel. no.: (082) 305-6530 / Fax no.: (082) 305-38I2 Email: theperidotsuiles@gmail.com AZIENDA MEO APARTELLE 11 Corner Pioneer and Doña Vicenta Village, Phase 1, Davao City Telefax. No: (082) 227-4119 & 284-6689 Cell Phone No. 09256652626 Website: www.aziendameo.com Email Add: aziendameo@yahoo.com.ph Big 8 Corporate Hotel Visayan Village, National Highway, Tagum City Mobile nos. 09173029063 & 09328539372 Tel. No.: (084)216-0888 Email: info@big8corporatehotel.com www.facebook.com/big8corporatehotel.com www.big8corporatehotel.com HOTEL ELENA Avenida Santos Ave., Nova Tierra Vill, Lanang, D.C Tel. Nos. (082) 233-1941 & 305.8799 / fax No. (082) 233-1887 PARADISE ISLAND Tel. No. (082) 233-0251 & 300-2343 / CP No.: 09209546780 E-mail: paradiseislanddavao@gmail.com MARCO POLO DAVAO C.M Recto St., Davao City davao@marcopolohotels.com www.marcopolohotels.com (63 82) 221-0888 HOTEL ESSE Brgy. 9-A F Torres Street, Davao City Hotline: No: 227-37-73 / Fax: 295-34-85 Website: www.hotelessedavao.com.ph Email Add: hotel_esse_davao@yahoo.com RUEMANGO APARTELLE & SUITES 516 Mangga St., Juna Subd., Matina, Davao City ruemangoapartelleandsuites@gmail.com www.ruemango.com Tel. Nos.: (082) 295-7175/ 295-7180

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Opinion

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friday|june 2, 2017

Filipinos want martial law over entire RP

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

ALLAN mario MEDIANTE

Vice President for Corporate Affairs

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Cris diaz mike baños BONG FABE Uriel quilinguing Contributing Editors

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Your Biggest Bank Account Think a minute…Imagine that ever y morning somebody put $86,400 in your bank account. Then, every night whatever you didn’t spend that day was taken out of your account and thrown away. Wouldn’t you take out every cent of your $86,400 and spend it every day? So none of it would be wasted or thrown away.

Did you know that you really have a bank account just like that one? It’s called TIME. Every morning our time bank gives you and me 86,400 seconds. Then, every night the time we did not use that day is gone.

So we must use it all up or lose the time each day we do not spend well. You use it or lose it. Then what are the best bargains and deals in life which are worth our valuable time? Would you like to know the two best investments of your time that will bring you real success and wealth in your life?

The first smart investment of your time is people. Spend your time with your family. At the end of your life, you will never be sorry for the time you spent with your children, your wife or husband, your

THINK

A Minute

Jhan Tiafau Hurst brothers and sisters, and your parents. We should also spend our time on the many people all around us each day to help make their lives happier. Spending your time on people gives you wealth and happiness that you can never lose The second, yet by far most important, investment of your time is to spend it with your own Maker. He is the Person Who Himself gives you every second you receive to keep living. You see, God didn’t just make us and then forget us. Quite the opposite! God created you to be His child and friend, so you can enjoy living every day with Him. That’s why God the Son came to show us what He’s like. He wants us to see the good life He hurst/PAGE 10

LIFE’S INSPIRATIONS: “… Have confidence in your leaders and submit t o t h e i r a u t h o r i t y, because they keep watch over you as those who must give an account.

Do this so that their work will be a joy, not a burden, for that would be of no benefit to you…”

(Hebrews 13:17 the Holy Bible).

-ooo WHAT DID D U T E RT E R E A L LY MEAN? Just exactly w h at d i d P r e s i d e nt Duterte mean when he said, according to media reports, that he will not listen to the Supreme Court nor to Congress on the issue of martial law in Mindanao? It could be very simple, really, and it is that, if his declaration is rescinded either by the court or by lawmakers, all he has to do is issue a new proclamation.

Especially so if, in his perception and on t he basis of rep or ts from the police and the militar y, martial law continues to be a necessary weapon should invasion and rebellion p e r s i s t , pre ju d i c i ng public interest, welfare, and safety.

Yes, it could become a see-saw affair, or a “now you see it, now you

don’t” situation, where the President will be declaring martial law over and over again, after each and every rebuff from Congress or the Supreme Court.

-ooo DUTERTE CAN DECLARE MARTIAL LAW REPEATEDLY: Of course, I would like to ask Duterte’s critics and political foes: is there any prohibition in the 1987 Constitution---the Cory Aquino document that castrated the powers of the presidency over martial law on account of the hang-ups of her government over Pre s i d e nt Marc o s’ martial law---of a repeated declaration?

There is none. Indeed, as lawyers are won’t to say once in a while, where the law does not prohibit, it ac tu a l ly allows. For so long as the President believes there is a rebellion or invasion that is taking place, and it is to the best interest of the Filipino people to have martial law, he can, at anytime, and as often as he wants it, declare martial law.

Yes, who is to say t h at t he Pre s i d e nt’s assessment of the existence of rebellion or invasion is factually

wrong? In our k ind of government where everything is centralized with a ver y strong presidenc y, the only one single official who has access to vital information about what is going on in the country is the president alone.

-ooo FILIPINOS WANT MARTIAL LAW OVER E N T I R E R P: In t he program “ Tambalang B at a s at S o m i nt a c” which goes on the air Mondays to Fridays at 6 o’clock in morning over Radyo Agila’s DZEC, 1062 kHz, which DZEC’s Malacanang reporter, Vic Somintac, and I, co-host, the prevailing sentiment of many Filipinos tend towards the declaration of martial law in the whole country.

Even in unsolicited text messages which flood our cellular text line, 0932 422 25 72, our listeners who are aware of reports of continuing terroristic activities of terrorist groups that are now allied with foreign terror organizations, it is their firm suggestion that President Duterte should now place the entire Philippines under martial law, no longer just Mindanao.

These listeners of

K akampi

Mo A ng Batas

Atty. Batas Mauricio

ours are saying they could entrust the whole country into the hands of Duterte, because they know him to be true and sincere president whose only objective now is to uphold the interest, welfare, and safety of his constituents. I believe this could already qualify as “vox populi, vox Dei”, or loosely, “the voice of the people is the voice of God which must be obeyed”.

-ooo W A T C H “A N G TA N G I N G D A A N ” AT FA C E B O O K : P l e a s e w a t c h “A n g Tanging Daan”, a Bible exposition and prayer session for ever yone, in English and Filipino, a t w w w. f a c e b o o k . com/angtangingdaan.

Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo. com.

We’ll always have the poor Christ himself said so. “You always have the poor with you, but you will not always have me.” (Mt 26,11) In other words, we will always have the poor because in the end we all are the poor. We are all in need of God. That’s what makes us all poor and hopefully struggling to attend to that most important need.

That said, we cannot deny the obvious fact that according to some human standards and criteria, we have some people who are considered poor and others considered rich. This distinction should not be lost in our mind and should trigger in us the desire to do what is appropriate.

Thus, we have to understand very well the true meaning of the slogan often mouthed by many people today that we should give “preferential option to the poor.” This policy or pastoral thrust which, doubtless, is very sublime, should not deteriorate into some unnecessary and

dangerous social division and conf lict among ourselves.

Despite our differences, we have to care for one another. We should be responsible for one another.

We have to give what everyone needs out of justice and charity, without getting lost in the priorities proper to us. That’s because, in the end, we are all brothers and sisters, all children of God! Our differences should rather trigger the dynamics of greater love and unity, not of division. They should invite and encourage us to be more understanding and compassionate with one another the way Christ was understanding and compassionate with everyone.

Our common, universal and absolute need is God, and we just have to learn how to give or show God to one another. All our other needs-material, economic, health, etc. are secondary to this and should serve as occasions and instruments

to meet our need for God. We have to be very wary of certain ideologies that water down our need for God, or at least distort it, by getting entangled in their priorities, giving exaggerated attention to the material aspects of our life at the expense of our spiritual and supernatural goals.

The material and economic aspects are definitely important, but it would be wrong to pursue them as the ultimate need for man. Detached from its objective relation to God, the Creator, these aspects have no other way but to get into trouble.

Not that by making God the ultimate need, there will be less concern for the material, economic, and other human needs we have.

Quite the contrary. Our concern for them would, in fact, be enhanced.

We have to be wary of certain currents of thought that, no matter how subtly done, tend to put into

HINTS

and

Traces

Fr. Roy Cimagala

conflict our material and natural needs with our spiritual and supernatural needs.

We somehow should follow the example of Mary, that woman who brought the precious ointment to Christ, in the sense of giving Christ the best that we have, whether material, moral, or spiritual.

That would show how much we love him. And by loving him, we would know how to love the others properly, a love that can go all the way, without being afraid of any sacrifices involved. roycimagala@ gmail.com.

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

friday|june 2, 2017

Banking&Finance

M3, bank lending growth still strong in April 2017 D OMESTIC liquidity or M3 p oste d a slower growth of 11.2 percent in April 2017 from 11.6 percent the previous month but remains strong due to robust bank lending.

Data released by the Bangko Sentral ng Pilipinas (BSP) Wednesday showed that total money sloshing in the economy last April amounted to PHP9.5 trillion, boosted by the expansion of banks’ lending activities.

Central bank data showed that bank lending, excluding placements in the BSP’s reverse repurchase (RRP) facility, went up 19.2 percent last April from month-ago’s 20.2 percent, and by 16

percent, including RRPs, slower than month-ago’s 18.4 percent.

Bulk of these are production loans, accounting for 88.7 percent of the total, which increased by 18.4 percent from last March’s 18.9 percent.

Loans extended for information and communication registered the highest increase at 42 percent, followed by those for electricity, gas, steam, and air-conditioning supply, 20 percent; real estate activities, 19 percent; manufacturing, 16.5 percent; and wholesale and retail t r a de, rep ai r of motor vehicles and motorcycles, 12.3 percent.

Household loans rose 24.3 percent last April from the previous month’s 24.5 percent and this was traced to increases in credit card loans and salar y-bas ed general purpose loans, along with auto loans.

The BSP said domestic claims last April ticked up 13.8 percent, a deceleration from the 16.4 percent in the previous month but still high “due largely to sustained growth in credit to the private sector”.

It said claims by the central government rose 4.3 percent last April due to higher borrowings.

Net foreign assets increased by 3.6 percent from last March’s 6.8 percent and

bulk of these are accounted for by inflows from overseas Filipino workers and receipts from the Business Process Outsourcing (BPO) sector.

Foreign assets of banks also rose due to increased loans and investments in marketable securities.

The BSP said expansion of M3 remains within the central bank’s “prevailing outlook for inflation and economic activity.”

“Going for ward, the BSP will continue to closely monitor monetary conditions in order to ensure that domestic liquidity stays adequate to support the BSP’s price and financial stability objective,” it added.

(PNA)

Nomura eyes approval of PHL tax reform proposal this year JAPANESE financial firm Nomura eyes the eventual impl e me nt at i on of t he proposed tax reforms in the Philippines early next year following the measure’s approval by the House of Representatives Wednesday night.

Lawmakers of the Lower House approved on third and final reading, on a vote of 246 to nine, the Tax Reform for Inclusion and Acceleration Act (TRAIN), which consolidated all tax reform bills that support the finance department’s Consolidated Tax Reform Program (CTRP).

Nomura, in a research note issued Thursday, said the approval “is a significant step toward enacting this package into law, which we expect to take place this year”.

“We therefore view this as a positive step,” it said.

Among the main focus of TRAIN is the cut in personal income tax, the negative impact of which on revenues is targeted to be countered by an increase in excise taxes on vehicles and oil, among others.

With hurdles surpassed at the Lower House, it is now up to Senators to have their own version approved, it said.

The study expects its realization during sessions in August.

“Early indications from the hearings at the Senate so far suggest the excise tax on fuel is a contentious issue, and so admittedly, there is still some risk of further dilution,” it said.

After Senate approves its own version of the bill, it will be discussed in the bicameral committee before its submission to the President for signing into law or otherwise.

President Rodrigo Duterte

last Monday certified as “urgent” the tax reform bill, paving for its quick resolution at the Lower House.

Nomura said the President’s declaration of martial law in Mindanao last week, which aims to help government troopers contain members of the terrorist Maute Group in Marawi City as soldiers target Isnilon Hapilon of the Abu Sayyaf Group (ASG), has raised concerns over the delay of the approval of the tax measure.

It however said that the President’s certification of the bill as “urgent” allayed fears that tax reform proposals would be sidelined.

“We believe the timeliness of the vote and the decisive result again underscore the strong priority that Duterte places on the economic reform agenda and his strong control over Congress,” it said.

Thus, it maintains a positive outlook that the measure would be approved

this year for implementation at the start of 2018.

This situation, it said, will provide “additional fiscal space to support the government’s medium-term infrastructure spending plans”.

“We reiterate our 20172018 GDP growth forecasts of 6.7 percent and 6.8 percent, respectively,” it added.

The government’s gross domestic product (GDP) target for this year is a range nomura/PAGE 10

5 OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

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

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

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

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

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

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

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

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

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

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

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

METRO BANK- GAISANO 8561720

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

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

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

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

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

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

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

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

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

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

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

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

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

Capistrano Corner CruzTaal St. CDO 8524099/722695

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

Sports 6 SMB slams Blackwater in second half force provisional logjam at top S Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776

friday|june 2, 2017

an Miguel needed a huge second half push to upend Blackwater, 124-113, in the penultimate day of the PBA Commissioner’s Cup eliminations at the Cuneta Astrodome on Wednesday.

Down 56-72 at the half after conceding 40 Elite points in the second quarter, the Beermen slowly crawled back in the third quarter, cutting the deficit down to six, 90-96, at the end of the period.

They then outscored their opponents, 3417, in the final frame

to complete the turnaround.

Charles Rhodes dropped 32 points, nine rebounds, three assists, one block, and one steal for SMB, which forced a three-day tie at the top of the standings at 8-2 with sister teams Ginebra and Star, which plays Alaska later Wednesday.

Greg Smith led Blackwater with 21 markers, 22 rebounds, five dimes, and two steals, but he committed 11 turnovers as well.

The Elite bowed out of the mid-season conference at 2-9. (Ivan Saldajeno/PNA)

youtube . com

PHL spikers finish last in Nat’l training pool athletes shine in Pre-Asian Indoor and Martial Arts meet Kazakhstan tournament Members of the national training pool on Tuesday reigned supreme in the o n g o i n g 2 0 1 7 Ku r a s h National Championships, the pre-Asian Indoor and Martial Arts Games event being held at the Harrison Plaza.

Leading the onslaught of the national training pool team are Lloyd Catipon, Bryan Guillote and Jennie Lou Mosqueda, who ruled their respective weight categories in the event

supported by the Philippine Sports Commission (PSC).

Catipon stunned fellow national pool member Czar Bayas in the minus 73 kg class; Guillote also beat fellow national teammate Rolan Clamas in the minus 66 kg category; and Jennifer Lou Mosqueda demonstrated impeccable form to top the minus 63 kg class by defeating Lorelei Tolentino of the University of Santo Tomas (UST).

Melissa Buyco,

representing University of the Philippines and Coleen Pacdisen of Baguio City dominated their respective categories. Buyco demolished Chello Tinga of the Philippine Coast Guard while Pacdisen beat Angela Villa of Quezon City.

Qualifying tournament in other sports to include kickboxing, wrestling, sambo and traditional wrestling are also being held in separate areas in the metropolis.

These Qualifying

tournament is aimed at identifying the athletes that will join Team Philippines in the 5th Asian Indoor and Martial Arts Games.

The Asian Indoor and Martial Arts Games will be held in Turkmenistan from September 17 to 27.

The Philippines will be competing in 18 sports out of the 21 sports disciplines lined up.

Some the sports that Filipino athletes will be pool/PAGE 10

The Philippines bowed to Vietin Bank of Vietnam, 3-0, on Wednesday to finish at the bottom of the eight-team field in the Asian Women’s Club Volleyball Championships i n Us t - K a m a n o g o r s k , Kazakhstan.

Represented by Rebisco PSL-Manila, the Philippines absorbed a 13-25, 18-25, 15-25 setback from Vietnam and ended its campaign in the Asian Volleyball Confederation-sanctioned tournament with six losses.

Jaja Santiago scored 10

points, Aby Marano and Rachel Daquis had seven each, while Jovelyn Gonzaga contributed five points to lead the Philippines, whose best effort was to take a 10-5 lead in the second set.

The other members of the team are Mika Reyes, Kim Fajardo, Maika Ortiz, Bia General, Aiza Pontillas, Lourdes Clemente, Gen Casugod, Denden Lazaro and Rhea Dimaculangan.

Vietnam played true to form, leading in attacks spikers/PAGE 10

A 14-year old boy, whose mother is from Dagupan, will be among the five Filipinos chosen to represent the country in the World Wind Surfing Competition in Vietnam from June 10 to 14.

He is Joaquin Manuel Reyna Gimenez, a Grade 9 student of the Tomas Escola in Pasig City Metro Manila, whose mother Cecilia, a lawyer, is the daughter of former City C ouncilor Liberato Reyna Jr. son and

namesake,of the late Dagupan City mayor Liberato Reyna Sr. Gimenez said of the five members of the Philippine team, three would compete in the senior division and two others in the junior division in the World Wind Surfing Tournament to be participated in by among the bests in this sports worldwide.

The boy said he discovered wind surfing by accident

three years ago when he and parents were vacationing at Anilao Beach in Batangas and was asked to try wind surfing.

He found wind surfing a lot of fun and began frequenting Anilao beach for this kind of sports.

Wind surfing is not an easy sports because a racer has to balance his wight with the wind and must be able to find where the wind is blowing, he said.

Gimenez said since the gears for this kind of sports, like a sail, a boom and a bar surrounding the sail and to which the board is attached, may not be affordable by all.

But he was glad to hear from Dagupan Mayor Belen Fernandez that the city would soon acquire equipment that could be used by local youth who might also go into wind surfing.

S u r f i n g i s i d e a l at Tondaligan Blue breach in

Dagupan because it is clean, in fact cleaner than many beaches in other places, he said. Besides this, there is a big crowd at Tondaligan Blue beach watching even if its off-season for the sports, he added.

Wind surfing is best du r i ng t he nor t h e a st monsoon or “amihan” and it is in its off-season when there is heavy rainfall or when the wind is blowing from east to west or”habagat”.

Gimenez was part of the Philippine Wind Surfing Team that came to Dagupan to hold a first of its kind wind surfing clinic to the youth of the city last May 28-29 upon the invitation of Mayor Fernandez, It was an opportunity too for members of the Philippine team to continue their training as part of their preparations for the coming world tournament. surfing/PAGE 10

Dagupan boy to compete in world’s wind surfing event

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friday|june 2, 2017

PLDT rolls out fiber Internet in southern MM L eading telecoms and digital services provider PLDT Inc . has exp and e d its deployment of fiber Internet ser vices in southern Metro Manila covering areas in Makati, Pasay, Paranaque and Las Pinas including private villages and subdivisions such as Dasmariñas Village, Better Living Subdivision, Mer ville, BF Homes Par añaqu e, and Aya l a Alabang Village.

The fiber to the home (FTTH) rollout will enable 300,000 homes to have high speed Internet access.

“PLDT’s Fibr footprint expansion in Manila’s vibrant south will benefit the area’s rapidly growing commercial

district as well as enhance the digital lifestyles of the residents. Our vision is to further establish the strongest connections for Filipinos nationwide that means bringing the power of Fibr to more homes,” PLDT First Vice President and Head of Home Business Oscar Enrico Reyes Jr. said in a statement.

Residents can now experience high-speed equal upload and download speeds, and enjoy diverse and compelling entertainment and gaming content from PLDT Home partners and renowned providers like Cignal TV, iflix, Netflix, F o x + , a n d i Wa n t T V, among others, for as low as PHP1,899 per month.

Families will also enjoy added peace of mind with home security devices such as the home monitoring system Fam Cam, the cyber security platform Fam Zone and the multi-functional kiddie gadget Smart Watch which parents can use to track and contact their kids.

The FTTH expansion in southern Metro Manila is the latest phase of the telco’s nationwide fiber deployment program which has transformed entire cities into a Fibr-powered PLDT Smart City, starting with Toledo City in Cebu, followed by General Santos in Mindanao and Naga City in the Bicol region.

PLDT expects to expand its FTTH coverage to 4.4

million homes passed by end of 2017. At the end of March, PLDT’s fiber homes passed stood at three million.

It is also deploying hybrid fiber technologies, such as Huawei’s G.fast, which can boost data speeds up to 600-700 Mbps over copper lines.

It has invested PHP 300 billion or USD 6 billion over the last 10 years to roll out the country’s most extensive fixed and wireless network that includes a transmission and distribution network infrastructure which now has 150,000 kilometers of fiber optic cables contributing to the increase of data traffic of its fixed line and mobile networks. (Aerol B. Patena/ PNA)

10 provincial schools receive Smart TechnoCarts Ten public schools in Lanao del Norte, La Union, Benguet, Capiz, and Leyte are getting digital technology packages that can help enhance the education of their kindergarten students.

Smart Communications is donating units of the Smart TechnoCart, a 2x2 ft mobile laboratory which contains 20 tablets for students, as well as a laptop, projector, and mobile Wi-Fi for the teacher. Each tablet is preloaded with Batibot, the first mobile application in Filipino that is aligned with the kindergarten curriculum of the Department of Education.

Teachers of the recipient-schools recently received training on tablet basics, as well as on child and curriculum development provided by the Community of Learners Foundation (COLF).

7

Technology

RESORTS, HOTEL & RESTAURANTS DIRECTORIES

A PUBLIC SERVICE BY:

Algen’s Dive Resort (088) 3872015

Pryce Plaza Hotel 8583131 Fax: 726687

Apple Tree Resort & Hotel 735411 / 754525 Fax: 754497 0917-7144040 / 0923-3269366 / 0939-9076948

Prawn House (088) 3095992 Fax: 8519219 Ridge View Chalet 8588946 / 8587946 Fax: 8588946

Bahay Bakasyunan sa Camiguin (088) 3871057 / 3870131 Fax: 3870278 Basamanggas Resort 08822-760564 Fax: 760565 Cagayan Riverview Inn 8584245 / 729039 Fax: 8584245 Casa Crystalla 8561704 / 722465 Fax: 722480 Casa Isabella (088) 8564065

Casa Azucena 8563402 / 09236593973

Chali Beach Resort 732840 / 8552108 Fax: 8555941 Chananthon Bed & Breakfast 8568189 / 3093095 Country Village Hotel 8583004-06 Fax: 8583006 D’Budgetel 8564200/726643 Fax: 8564300 Dahilayan Forest Park 8568562 to 63

De Luxe Hotel 8572144 / 724548 Fax: 724563 Discovery Hotel 727814 / 8563896 Fax: 8563897 Duka Bay Resort (088) 3312290 Fax: 725265 Dynasty Court Hotel 8574802 Fax: 857900 Grand City Hotel 8571900 / 728469 Fax: 723718

In the photo are (from left) Milwida Guevara of program partner Synergeia Foundation; Mayor Ignacio Rivera of Tuba, Benguet; Mayor Mildred Joy Que of Dulag, Leyte; Feny de los Angeles of COLF; and Smart community

partnerships head Darwin Flores.

Since the program was launched in June 2015, Smart and kind sponsors have donated TechnoCarts to 40 public schools in Luzon, Visayas, and Mindanao. These schools serve about

10,000 kindergarten students. Individuals and organizations wanting to help spread the benefits of digital learning to more public schools may email TechnoCart@smart. com.ph for more information.

Hotel Conchita 8563856 / 727355 Fax: 8563857 Hotel Koresco 8589749-50 Fax: 8589748 Hotel Sogo 8520383

Kingston Lodge 8585696 Fax: 8585696

Stargate Dream Vacation Resort 8515003 / 8509999 The VIP Hotel 726080 / 8562505 Fax: 726441 RED PLANET 8800888/8801306 Travelers Pod 8518988 Uptown Condotel 8511800 Villa Paraiso Apartelle 3870419 Fax: 3870429 HONORARY MEMBERS:

Dept. of Tourism 723696/726394 / 8564048 Fax: 723696

RESTAURANTS:

Bigby’s Café 72-1071/857-5511/8575836 Fax: 711843 Café Laguna 8582999 Fax: 8567001 DM Villaruy Restaurant 733790

Golden Ajirang I 856-5271 Fax: 727876 Grand Caprice Restaurant 72-6955/856-2302 Fax: 72-4986 Kagay-anon Restaurant 728958 / 8563688 Fax: 8563843 / 729003 La Ilongga Restaurant 72-6183 / 857-3652 Fax: 72-4605 Missy Bon Bon 8566852 / 09228606442 Fax: 8566852 SLERS Ham & Café 8551438 Thai Me Up 738424/3108424 Fax: 738424

Mallberry Suites 8541999 / 7249999 Fax: 8544999

Barkadahan Grill 8551234

Maxandrea Hotel 8572244/729943 Fax: 724090

La Tegola Cucina Italiana 8585959

N Hotel (088) 8801924 Paras Beach Resort 8568563 Fax: 8568563 Teachers from the Department of Education, Kauswagan, Lanao del Norte, join Feny de los Angeles of COLF for the turnover of the Smart TechnoCart.

Southwinds Hotel 724803 / 8562036 Fax: 8562036

Mapawa Natures Park 8584402 Fax: 725265

Miami Inn 8581901 to 02 Fax: 725279/728486

Jerecho Placido, municipal administrator of Kauswagan, Lanao del Norte, expresses the town’s gratitude for the Smart TechnoCart, as it work towards the continued improvement of education in the municipality.

Seda Centrio Hotel 3238888 / 0917-577-5910

Philtown Hotel 726295 / 8564402 Fax: 723104

limketkai luxe hotel 8800000 Dear manok 8564914 / 8573413 LIMKETKAI LUXE HOTEL Landline: (088) 880-0000, Mobile: 0917-312-4563 Email: info@limketkailuxe.com

8

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friday|june 2, 2017

Oakley Hosts 5th Golf Cup

Oakley continues support for Philippine golfing with benefit game for The Junior Golfers League of the Philippines

N

ow in its f if t h yea r, Oa k ley is once aga in proud to host t he Oa k ley Golf Cup, w it h over 10 0 pa r ticipa nts, comprised of CEOs, celebrities, seasoned players, aspiring at h letes, golf ent husiasts, as wel l as t he media who sw ung t heir golf clubs for a cause t his May 29, at t he Sher wood Hi l ls Golf Club.

T his a nnua l cha r it y event for t he benef it of T he Ju nior Gol fers L eag ue (TJGL) is presented by Oa k ley to encou rage a t hr iv i ng compet it ive gol f f ut u re for t he cou nt r y by developi ng t he potent ia l of you ng, ta lented gol fers such as t he TJGL , t he g rassroots development leag ue of t he Ju nior Gol f Fou ndat ion of t he Phi l ippi nes.

As a bra nd t hat has a lways been k now n as t he pioneer i n eyewea r a nd spor t speci f ic gea r, Oa k ley is st i l l pushi ng bou nda r ies t hroug h its t ra i lbla zi ng i nnovat ions. T he bra nd has revolut ioni zed per forma nce speci f ic

eyewea r a nd gea r; a nd T he Ju nior Gol fers L eag ue of t he Phi l ippi nes is one of t he benef icia r ies of such i nnovat ions.

Si nce 1975 Oa k ley has cont i nuously encou raged a nd suppor ted aspi r i ng spor tsmen to nu r t u re t heir at h let ic abi l it ies by prov id i ng t hem not on ly w it h i nnovat ive gea r to en ha nce t hei r per for ma nce, but a lso by of fer i ng oppor t u nit ies t hat a l low ac t ive i nd iv idua ls to hone t hei r sk i l ls t hroug h f r iend ly compet it ions such as t he Oa k ley Gol f Cup. Despite t he toug h compet it ion, t he players enjoyed t he 18hole system 36 ga me.

Sk i l ls, pat ience a nd t hei r hea r t for gol f were tested, as play i ng gol f is not a wa l k i n t he pa rk, but Oa k ley ’s Pr i zm L ens Tech nolog y has broug ht to t he ga me to a whole new level of cla r it y.

PR IZM ™ Spor ts feat u res va r ious lenses made for speci f ic task st he Gol f lens i mproves cont rast for bet ter

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ever y t hi ng v iv id a nd v ibra nt, en ha nci ng deta i l for a n opt i mi zed ex per ience.

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by sha r i ng t he Oa k ley #Ca ntStop Ca mpa ig n– a n i nv itat ion for a l l i nd iv idua ls to wea r t hei r com mit ment to t he spor t w it h pr ide.

BusinessWeek MINDANAO CREDIBLE

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Friday | June 2, 2017

9

2nd Year Charter Anniversary, induction of new members, new club officers & installation of club president of ROYAL VECTORS EAGLES CLUB @ N HOTEL Kauswagan, CDO on May 28, 2017 Invited guest: 1. Eagle LOUIE F. CENIZA (NATIONAL PRESIDENT) 2. Eagle ERLQUIN LIM (EXECUTIVE NATIONAL VICE PRESIDENT) 3. Eagle SOVEREIGN ANGEL MELGAR (NATIONAL SGT. @ ARMS) 4. Eagle CONRADO R. GOMEZ (GOVERNOR NMR-1) 5. Eagle FERDINAND A. BERNASOR (SENIOR PEIL DIRECTOR) 6. Eagle ANDY PAUROM (REGIONAL PEIL DIRECTOR NMR-1) 7. Eagle GILBERT B. GILLE (PAST NATIONAL PRESIDENT EY 2007) 8. Eagle TOTO C. CORTEZ (NATIONAL ASSEMBLYMAN NMR-1)

9. Eagle MAXIMO C. ALLORIN (NATIONAL ASSEMBLYMAN NMR-1) 10. E agle DANTE SUDARIA (EXECUTIVE REGIONAL PRESS NMR-1) 11. E agle RUZZELL MELGAR (MHEC PRESIDENT) 12. L ady Eagle AUDEE GOMEZ 13. L ady Eagle EVA MELGAR 14. L ady Eagle JELLY ANN SANCHEZ 15. L ady Eagle SHEEN MELGAR

Thank you from:

ROYAL VECTORS EAGLES CLUB and 1. Eagle FERDINAND D. MIRANDA (RVEC PRESIDENT EY 2017) 2. Eagle FELIX JOSUE SABANDO II (RVEC IMMEDIATE PAST PRESIDENT) 3. Eagle COLIN Q. DUMANJOG (RVEC VICE PRESIDENT) 4. Eagle MARKO MANUEL (RVEC ASSEMBLYMAN)

5. Eagle JAMES BITOY CAPIO (RVEC BOARD of DIRECTOR) 6. Eagle EDWARD LAGMAY (RVEC BOARD OF DIRECTOR) 7. Eagle KEN SANTIAGO (RVEC ALTERNATE ASSEMBLYMAN) 8. Eagle KARL C. UGSOD (EXECUTIVE REGIONAL INFO/PIO NMR-1)

CONGRATULATIONS ROYAL VECTORS EAGLES CLUB! MABUHAY ANG AGILA! MABUHAY ANG NMR-1!

10

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friday|june 2, 2017

Republic of the Philippines Supreme Court 12th Judicial Region, REGIONAL TRIAL COURT Branch 21 Kapatagan, Lanao del Norte IN THE MATTER OF THE APPLICATION FOR ACCREDITATION OF THE MINDANAO DAILY NEWS PUBLISHING CORPORATION SPL. PROC. NO. 21-532 TO PUBLISH JUDICIAL AND LEGAL NOTICES AND OTHER SIMILAR ANNOUNCEMENT. MINDANAO DAILY NEWS PUBLISHING CORPORTION, Applicant. x- - - - - - - - - - - - - - - - - - - - - - - - - - - - -/ ORDER

Pool...

Arts Games. (Primo P. Agatep/ PNA)

from page 6

seeing in action are in Combat sp or ts: kurash, jujitsu, kickbox, sambo, belt wrestling, regular wrestling, traditional wrestling and taekwondo; and weighlifting, bowling, short course swimming, athletics in the indoor games.

The AIMAG, organized by the Olympic Council of Asia (OCA), is a Pancontinental multi-sport event held every four years among athletes from all over Asia, after the merger of the Asian Indoor Games and the Asian Martial

Spikers... from page 6

(47-25), digs (46-19), and reception (26-18).

The Philippines made nine blocks, four coming from Marano, while Vietnam had six.

Pham Thi Jim Hue led Vietnam with 16 points while Doan Thi Xuan chipped in 12 points. Le Than Thu scored nine while Nguyen Thi Xuan and Hoang Mint Tham added eight points each. (Jean T. Malanum/PNA)

A verified petition on the application for accreditation of the MINDANAO DAILY NEWS PUBLISHING CORPORTION, to publish judicial and legal notices and other similar announcement was filed by its president Dante M. Sudaria on May 10, 2017. The petition alleges, to wit: 1. That the applicant MINDANAO DAILY NEWS PUBLISHING CORPORATION is a Corporation and registered in accordance with the laws of the Republic of the Philippines with the principal place of business at Abellanosa St., Consolacion, Cagayan de Oro City and is represented in this application by its President Mr. Dante M. Sudaria.

2. That the applicant, MINDANAO DAILY NEWS PUBLISHING CORPORATION described as follows:

a.1. Title of the publication: MINDANAO DAILY

a.2. Name of the President:: DANTE M. SUDARIA

a.3. Name of the Editor-in-Chief: ALLAN M. MEDIANTE

a.4. Frequency of publication: DAILY

a.5. Address: ABELLANOSA ST., CONSOLACION, Cagayan

de Oro City, Telefax: (099) 881-0100;856-3344

a.6. Total number of copies printed: 36,000 COPIES DAILY

a.7. Month, date, and year of first issue: JULY 17, 2012 3. That MINDANAO DAILY NEWS PUBLISHING CORPORATION is duly registered with the Security and Exchange Commission (SEC) under Certificate No. CS201531735, with the principal place of business at Abellanosa St., Consolation, Cagayan de Oro City. Copy of the Certificate of Regisration is hereto attached as ANNEX “A”, 4. That MINDANAO DAILY is edited and published in Cagayan de Oro City and circulated in the Northern Mindanao; 5. That MINDANAO DAILY has been regularly published for at least one (1) year since the publication of it first issue in JULY 17, 2012; 6. That the MINDANAO DAILY carries commercial display advertising. Attached is a copy of the publication’s current contract form showing its commercial display advertising rates (Annex “B”) 7. That the MINDANAO DAILY does not merely reproduce or reprint news pages of other newspaper or periodicals within the Mindanao Region but also publishes original news items coming from its several bureaus located throughout Northern Mindano; 8. That MINDANAO DAILY is a bonafide member of Misamis Oriental-Cagayan de Oro Association of Publishers (MOCAP), Inc., a legitimate association of newspapers, publishers, and that the said newspaper carries commercial display advertising; 9. That MINDANAO DAILY is also circulated in Misamis Oriental and in all cities and provinces in Northern Mindanao over the Regional Trial Court has jurisdiction; 10. That MINDANAO DAILY is fully qualified to publish legal and judicial notices as provided for under the provision of PD 1079; 11. That the publication rates to be charge on client are in accordance with the rates for Misamis Oriental as per Court Order dated April 17, 2007 in the case of IBP Misamis Oriental – vs- Misamis Oriental-Cagayan de Oro Association of Publishers, (MOCAP), Inc., copy attached as ANNEX “C”; 12. That attached to this applications are the following:

a. Three (3) sample copies of the newspaper’s or periodical’sprinted format for legal and judicial notices following the requisites prescribed by Section 4 of P.D. No. 1079: (ANNEX “D”);

b. Copies of an issue of the newspaper containing commercial advertisements published in the last twelve (12) months, (52 issues);

c. Certified true copy of a contract or insertion order or invoice describing the size and rate of the advertisement; (ANNEX “F”)

d. Certified true copy of the newspaper’s official receipt showing payment per contracted advertising rate (ANNEX “G”).

Finding the petition sufficient in form and substance, the same is hereby set for summary hearing to August 31, 2017 at 8:30 o’clock in the morning. Let this Order be published in a newspaper of general circulation in the Province of Lanao del Norte for three (3) consecutive weeks at the expense of the petitioner.

Any person who has an interest in the petition may file his/her opposition thereto within fifteen (15) days from notice of this petition or from the last day of publication of this order.

Further, let this order be posted for fifteen (15) consecutive days prior to the date of hearing on the bulletin board of the Provincial Capitol, Pigcarangan, Tubod, Lanao del Norte, bulletin board of the Municipal Hall of Kapatagan, Lanao del Norte, bulletin board of barangay Consolacion, Abellanosa St., Cagayan de Oro City where the newspaper’s place of business is situated and on the bulletin board of this Court.

SO ORDERED. Kapatagan, Lanao del Norte.

May 29, 2017.

BWM: June 2, 9 & 16, 2017

Hurst... from page 4

designed for us to enjoy.

The more time we spend with Jesus, the better we know how to live well and successfully.

In fact, Jesus Christ guarantees that if each day you will spend your 86,400 seconds on living for Him and others, then at the end of your life when you’ve run out of seconds, you will be truly wealthy and satisfied with no regrets!

Even if you just start right now. So why not ask Jesus to forgive you and to take full charge of the time you still have left? Just Think a Minute…

Nomura... from page 5

of 6.5 percent to 7.5 percent while it is 7 percent to 8 percent for next year until 2022.

(Joann S. Villanueva/PNA) financial firm Nomura eyes the eventual implementation of the proposed tax reforms in the Philippines early next year following the measure’s approval by the House of Representatives Wednesday night.

Lawmakers of the Lower House approved on third and final reading, on a vote of 246 to nine, the Tax Reform for Inclusion and Acceleration Act (TRAIN), which consolidated all tax reform bills that support the finance department’s Consolidated Tax Reform Program (CTRP).

Nomura, in a research note issued Thursday, said the approval “is a significant step toward enacting this package into law, which we expect to take place this year”.

“We therefore view this as a positive step,” it said.

Among the main focus of TRAIN is the cut in personal income tax, the negative Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region OFFICE OF THE CLERK OF COURT EX-OFFICIO SHERIFF Tubod, Lanao del Norte NOTICE OF EXTRA-JUDICIAL SALE EJF No.: 207-07-2017 Upon the Extra Judicial Petition for Sale under Act 3135/1508, as amended. Filed by the 1st Valley Bank Inc., Baroy, Lanao del Norte against LENNETH PEPITO, Tubaran, Tubod, Lanao del Norte to satisfy the indebtedness which as of November 27, 2015 amounting to ONE HUNDRED THOUSAND (Php 100,000.00) excluding penalties, changes, attorney’s fee and expenses of foreclosure, the undersigned or his duly authorized deputy will sell at public auction on 18TH day of July, 2017 at 10:00 AM or soon thereafter at the Regional Trial Court, Branch 07, Provincial Capitol of Lanao del Norte, Pigcarangan, Tubod, Lanao del Norte, to the highest bidder for cash or manager’s check and in Philippine Currency, the following property with all its improvements, to wit: LIST OF MORTGAGED PROPERTIES A parcel of RESIDENTIAL LOT known as Lot No. A-2-K Csd-123522-005753, situated in PIGCARANGAN, municipality of Tubod, Lanao del Norte, Island of Mindanao, Philippines. Containing a total area FOUR HUNDRED THIRTEEN (413) SQUARE METERS more or less including all improvements found thereof and particularly bounded as follows: LOT NO. A-2-K, CSD 123522-005753 Bounded on the SW, along line 1-2 by the National Highway; on the NW., along lines 2-3-4 by Lot A-2-C Csd 123522-005753; on the NE, along line 4-5 by Lot A-2-Q and on the SE., along line 5-1 National Highway, Tubod, Public subdivision.

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

Tubod, Lanao del Norte, Philippines, this 16th day of May, 2017.

For the Clerk of Court and Ex-Officio Sheriff (SGD.) ALBERTO P. QUINTO Acting Presiding Judge

BWM: June 2, 9 & 16, 2017

(SGD.) CONRADO V. HINGCO, JR. Sheriff IV

impact of which on revenues is targeted to be countered by an increase in excise taxes on vehicles and oil, among others.

With hurdles surpassed at the Lower House, it is now up to Senators to have their own version approved, it said.

The study expects its realization during sessions in August.

“Early indications from the hearings at the Senate so far suggest the excise tax on fuel is a contentious issue, and so admittedly, there is still some risk of further dilution,” it said.

After Senate approves its own version of the bill, it will b e discussed in the bicameral committee before its submission to the President for signing into law or otherwise.

President Rodrigo Duterte last Monday certified as “urgent” the tax reform bill, paving for its quick resolution at the Lower House.

Nomura said the President’s declaration of martial law in Mindanao last week, which aims to help government troopers contain members of the terrorist Maute Group in Marawi City as soldiers target Isnilon Hapilon of the Abu Sayyaf Group (ASG), has raised concerns over the delay of the approval of the tax measure.

It however said that the President’s certification of the bill as “urgent” allayed fears that tax reform proposals would be sidelined.

“We believe the timeliness of the vote and the decisive result again underscore the strong priority that Duterte places on the economic reform agenda and his strong control over Congress,” it said.

Thus, it maintains a positive outlook that the measure would be approved this year for implementation at the start of 2018.

This situation, it said, will provide “additional fiscal space to support the government’s medium-term infrastructure spending plans”.

“We reiterate our 20172018 GDP growth forecasts of 6.7 percent and 6.8 percent, respectively,” it added.

The government’s gross domestic product (GDP) target for this year is a range of 6.5 percent to 7.5 percent while it is 7 percent to 8 percent for next year until 2022. (Joann S. Villanueva/ PNA)

Surfing... from page 6

Gimenez was invited to join the Philippine Wind Surfing Association’s national team after winning in a local tournament last year and placing second in another national competition.

He admitted he never earned a medal when he competed in Thailand and Hong Kong in his first two international competitions.

Gimenez said as a wind surfer, he too is into swimming andmust at all times alert, strong and agile. (lvmicua/PNA)

11

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friday|june 2, 2017

Prospects... from page 1

“ T h e f i g ht i ng it s e l f imposed concern but not the martial law,” the government official said.

M o r e o v e r, S a n t o s Frank Knight said IT-BPO companies are aggressive in expanding outside Metro Manila, particularly into markets of Cebu and Davao.

“Overall, office market expected to remain healthy as the outsourcing industry continues to grow,” said Santos.

“The country remains as the most attractive inbound investment destination in the region for IT-BPO companies which are eager to capitalize on the country’s favorable demographics, strong dollar, competitive labor cost and continuous infrastructure development,” he added.

It was noted that provinces stand to benefit from the countr y’s attractiveness for IT-BPO sector, as more foreign firms are eyeing to invest in the Philippines.

“Investments are expected to come from Qatar, Mexico, Israel, United Kingdom, Canada, and China,” Santos added.

WESM... from page 1

to level up, the spokesperson s ai d , a d d i ng t h at t h e y have already conducted consultations on the launch of WESM in Mindanao through trial operations.

“The real commercial op erations will dep end on the readiness criteria of the industr y players here in Mindanao,” said Fuentebella. (DOE-PR)

Resigns... from page 1

in a Facebook post that in Tomawis’s communication to the MILF Central Committee and to the chair of BTC, her resignation was prompted by personal reasons.

Tomawis’s staff further said that her resignation was due to her frustration on the violence in Marawi “that resulted to the destruction of c iv i l i an hou s e s and displacement of majority of the city’s residents.”

Tomawis was last seen with the BTC pro-actively engaged in public dialogues for the drafting of the bill.

She was among prominent Bangsamoro personalities supporting the legislation of the BBL since 2016.

She reportedly did not anymore attend the BTC meeting held in Cotabato City Tuesday.

Since her resignation, To m a w i s w a s s e e n i n solidarity with local humanitarian institutions wor k i ng for i nte r n a l ly displaced Bangsamoro communities and has been attending meetings of local Bangsamoro civil society who has decided to prioritize the rescue of remaining civilians caught in the crossfire.

She likewise supported the need to tap the traditional leaders of Marawi and Lanao Sur to resolve the hostage

crisis that victimized the vicar general of the St. Mary’s Prelature in Marawi, teachers of Dansalan College Fou nd at i on , and ot he r civilians.

Meanwhile, Bangsamoro civil society leaders have b een p osting on s o cial media their anxieties on the ongoing military operations in Marawi.

“You don’t understand.

Stop t he b omb ardment and let us go home so we can save whatever is left in our destroyed place,” said Drieza Lininding of the Bangsamoro Movement for Peace and Development.

Lininding used to be an avid supporter of President D ut e r t e , e v e n a c t i v e l y campaigning for him.

Mindanao Peaceweavers, a network of peace advocates, called on the President see the face of humanitarian crisis.

The group has called on the military to “immediately stop the airstrikes, indiscriminate firing and artillery shelling directed at civilian dwellings and public structures.”

T h e y a l s o ap p e a l e d for a half-day “cease and desist from all forms of armed action” and invoke universally-accepted protocols on displacement and civilian protec tion a c c ord e d t o i nt e r n a l l y displaced persons and at the same time with deference to the observance of the Holy Month of Ramadhan.

The group likewise urged the military, in coordination with the city government and local mediators, “to address the hostage situation and secure the safety of Fr. Teresito Suganob, his staff, parishioners and any other residents who are still being held captive by the Maute militants.” (Violeta M. Gloria / MindaNews)

Exodus... from page 1

their interest to donate,” she said.

This, as Briones said that public school campuses in Iligan City must remain to be military-free, meaning soldiers are not allowed to loiter inside the complexes while classes will go on.

Along this line, Briones disclosed that DepEd is in an urgent status to hire Maranao-speaking teachers who will be mentoring the displaced schoolchildren.

She said that the public school teachers augmentation c o m i n g f r o m D e p E d’s Autonomous Region of Muslim Mindanao (ARMM) office is not enough.

Briones said anyone interested to apply may approach the DepEd 10 office in Cagayan de Oro City for more details.

In a related development, Briones also announced that the start of classes on June 5 will be temporarily suspended in battle-torn Marawi City and eight other barangays in the vicinity.

Briones said that the situation in Marawi is still precarious for students to get back to school.

Control... from page 2

efficiently,” said Rolando Pacquiao, vice president for Operations, Hedcor.

Pacquiao added that the commissioning of this project is expected within the 4th quarter of this year.

Me a nw h i l e , He d c o r Bukidnon recorded 2.9 million man-hours with no lost time incident within the workplace, as of this writing.

Hedcor specializes in generating renewable energy from run-of-river hydropower system. Today, Hedcor manages and operates 22 hydropower plants and supplies the country with 1 8 5 M W of cl e an and renewable energ y. With almost 40 years of experience, Hedcor is the leading runof-river developer in the Philippines which adheres to the guidelines of multiple international standards.

(Hedcor)

Caravan... from page 2

home supplies, (tissues, pads, diapers, bath and detergent soaps), Groceries - basic and prime commodities (canned goods, noodles, rice, bread, juice, coffee, cooking oil, processed fish and meat, condiments, milk, hotdogs, water) The public is urged to avail themselves of the affordable quality items at the Caravan.

The Diskwento Caravan, a flagship project of DTI, is conducted in the different regions across the country to provide very affordable and quality goods and products to Filipino consumers. In 2008 the first Diskwento Caravan was launched as a non-wage benefit for minimum wage earners and employees at the start of classes. Later on, several other editions of the DISKWENTO such as Food, Balik-Eskwela and Holiday Caravans have evolved to cater to the needs of consumers and ease their financial burdens. (DTIMisOr)

Education... from page 2

in recruiting those who can teach in Maranao language.

The budget for such will be obtained from the Alternative Learning System and Briones shared that the department is fully supported by President Rodrigo Duterte. Hence, they will be able to produce financing in times of crisis.

In terms of security in schools, Briones said, “Schools are zones of peace.

Walang giyera diyan, walang away, walang gulo (There is no war, fights and chaos in the areas of learning). We expect the combatants to respect that.”

This is also the reason why schools are not used as evacuation centers during c r is is as t he s e c re t ar y emphasized.

As of press time, DepEd has tallied 1,005 learners in one evacuation center in Iligan alone. The regional d i re c tors an d d iv i s i on superintendents are still doing an inventory as to

the number of children and school facilities affected by the crisis in Marawi City so the department could eventually determine the intervention needed by the stakeholders.(RTP/PIA10)

Republic of the Philippines Supreme Court 12th Judicial Region, REGIONAL TRIAL COURT Branch 21 Kapatagan, Lanao del Norte IN THE MATTER OF THE APPLICATION FOR ACCREDITATION OF THE CAGAYAN TIMES TO PUBLISH JUDICIAL AND LEGAL NOTICES AND OTHER SIMILAR ANNOUNCEMENT. SPL. PROC. NO. 21-531

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

CAGAYAN TIMES, REP. BY ITS PROPRIETOR PINKY DOMINGO CADAVEDO, Applicant.

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

x-P-&- J-Lim - - Bldg., - - - - Tiano - - - -Brothers - - - - - - - - -Atty.

- / Erasmo B. Damasing Bldg.,

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

EXTRA - J UDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND Notice is hereby given that the intestate estate of the Late Loreto Galarpe; That the said deceased at the time of his death, left a Parcel of Land situated in TAGBOCBOC, BAYANGA, CAGAYAN DE ORO CITY and more particularly described as follows; TRANSFER CERTIFICATE OF TITLE NO. T-41611, area of TWENTY EIGHT THOUSAND ONE HUNDRED ONE (28,101) SQUARE METERS, more or less. The legal heirs or sole heirs of the deceased LORETO GALARPE is the subject of ExtraJudicial settlement with a Deed of absolute sale of a parcel of Land; is made and entered, represented by his legal wife, LILIA GALARPE, and their legitimate children namely; LORELIE GALARPE LLOBIA, NIEVA GALARPE PAT, JANETH GALARPE SADDAL, and EDGAR C. GALARPE (deceased) represented by his legal heirs, namely; EDEN ROSE D. GALARPE, MARK DAVE D. GALARPE, and ED DAVE D. GALARPE, all of legal age, Filipino citizen, with residence and postal address at TAGBOCBOC, BAYANGA, CAGAYAN DE ORO CITY, hereinafter to as the HEIRS/SELLERS; and LIMUEL MINOZA & JERALYN R. MINOZA (spouses), likewise of legal age, filipino citizen, spouses, with residence and postal address at B-8, L-26 & 28 Forest View Homes Upper Carmen, CDOC, hereinafter referred to as the BUYER/VENDEE; That to the best of knowledge and information of the parties hereto, the deceased, LORETO GALARPE LEFT NO LAST AND TESTAMENT and LEFT NO KNOWN DEBTS TO ANY PERSON, FIRM OR ENTITY; That for and in consideration of the sum of TWO HUNDRED THOUSAND PESOS ONLY (PHP 200,000.00) Philippine Currency receipt of said amount is hereby acknowledge by the SELLER/VENDOR after the amount is paid in hand by the BUYER/S or VENDEE/S the SELLER/S or VENDER/S hereby SELL, CEDE, TRANSFER and CONVEY the above-described properties containing an area of TWENTY EIGHT THOUSAND ONE HUNDRED ONE (28,101) SQUARE METERS, more or less in favor of the BUYER/S or VENDEE/S his/her heirs, assigns or successors-in-interest, free from any liens and encumbrances, free from any third-party claimant whomsoever and the same is nontenanted. Under Notary Public of ATTY. EMELITO J. MARQUINO, As per Doc. No. 418; Page No. 83; Book No. XIII; Series of 2017.

BWM: May 19, 26 & June 2, 2017

CDO MAIN BRANCH

DIVISORIA BRANCH

Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947

#61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631

Corrales Ave., Cagayan de Oro City

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

ORDER LAPASAN BRANCH CAMIGUIN BRANCH St., Poblacion, Lapasan Hi-way, B. Aranas A verified petition on the application for accreditation of the Mambajao, Camiguin Cagayan de Oro City CAGAYAN to publish judicial legal notices and other Tel. # (088) TIMES 387-0491 Tel. #and (088) 231-6739 similar announcement was filed by its proprietor Pinky Domingo CORRALESon BRANCH BRANCHto wit: Cadavedo May 10, 2017. The CARMEN petition alleges, 1. That the applicant CAGAYAN TIMES is a single proprietorship and registered in accordance with the laws of the Republic of the Philippines with the principal place of business at Abellanosa St., Consolacion, Cagayan de Oro City and is represented in this application by its Proprietor/Owner MS. PINKY DOMINGO CADAVEDO; 2. That the applicant, CAGAYAN TIMES described as follows:

a.1. Title of the publication: CAGAYAN TIMES

a.2. Name of the Publisher: PINKY D. CADAVEDO

a.3. Name of the Editor-in-Chief: MARK D. FRANCISCO

a.4. Frequency of publication: WEEKLY

a.5. Address: ABELLANOSA ST., CONSOLACION,

Cagayan de Oro City, Telefax: (099)856-3344

a.6. Total number of copies printed: 5,000 COPIES

a.7. Month, date, and year of first issue: July 31, 2012 3. That CAGAYAN TIMES is duly registered with the Department of Trade and Indusry (DTI) under DTI Certificate No. 01801884, with the principal place of business at Abellanosa St., Consolacion, Cagayan de Oro City. Copy of the Certificate of Registration is hereto attached as ANNEX “A”; 4. That CAGAYAN TIMES is edited and published in Cagayan de Oro City and circulated in the Northern Mindanao; 5. That THE CAGAYAN TIMES has been regularly published for at least one (1) year since the publication of its first issue in JULY 31, 2012; 6. That the CAGAYAN TIMES carries commercial display advertising. Attached is a copy of the publications’ current contract form showing its commercial display advertising rates (ANNEX “B”); 7. That the CAGAYAN TIMES does not merely reproduce or reprint news pages of other newspaper or periodicals within the Mindanao Region but also publishes original news items coming from its several bureaus located throughout Northern Mindanao; 8. That CAGAYAN TIMES is a bonafide member of Misamis Oriental-Cagayan de Oro Association of Publishers (MOCAP), Inc., a legitimate association of Newspapers, Publishers, and that the said newspaper carries commercial display advertising; 9. That CAGAYAN TIMES is also circulated in Misamis Oriental and in all cities and provinces in Northern Mindanao over the Regional Trial Court has jurisdiction; 10. That CAGAYAN TIMES is fully qualified to publish legal and judicial notices as provided for under the provision of PD1079; 11. That the publication rates to be charge on client are in accordance with the rates for Misamis Oriental as per Court Order dated April 7, 2007 in the case of IBP Misamis Oriental – vs- Misamis Oriental-Cagayan de Oro Association of Publishers, (MOCAP), Inc., copy attched as ANNEX “C”; 12. That attached to this applications are the following:

a. Three (3) sample copies of the newspaper’s or periodical’s printed format for legal and judicial notices following the requisites prescribed by Section 4 of P.D. No. 1079; (ANNEX “D”);

b. Copies of an issue of the newspaper containing commercial advertisements published in the last twelve (12) months, (52 issues); (ANNEX “E”);

c. Certified true copy of a contract or insertion order or invoice describing the size and rate of the advertisement; (ANNEX “F”);

d. Certified true copy of the newspaper’s official receipt showing payment per contracted advertising rate (ANNEX “G”).

Finding the petition sufficient in form and substance, the same is hereby set for summary hearing to August 31, 2017 at 8:30 o’clock in the morning. Let this Order be published in a newspaper of general circulation in the Province of Lanao del Norte for three (3) consecutive weeks at the expense of the petitioner.

Any person who has an interest in the petition may file his/ her opposition thereto within fifteen (15) days from notice of this petition or from the last day of publication of this order.

Further, let this order be posted for fifteen (15) consecutive days prior to the date of hearing on the bulletin board of the Provincial Capitol, Pigcarangan, Tubod, Lanao del Norte, bulletin board of the Municipal Hall of Kapatagan, Lanao del Norte, bulletin board of barangay Consolacion, Abellanosa St., Cagayan de Oro City where the newspaper’s place of business is situated and on the bulletin board of this Court.

SO ORDERED. Kapatagan, Lanao del Norte.

May 26, 2017.

BWM: June 2, 9 & 16, 2017

(SGD.) ALBERTO P. QUINTO Acting Presiding Judge

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