BusinessWeek MINDANAO
WE ACCEPT
TARPS
STICKERS BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS paper
Volume VII, No. 011
Market Indicators As of 6:15 pm june 30, 2016 (thursday)
FOREX
PHISIX
US$1 = P47.007
7,796.25
X
4.7 cents
2.28
X
points
Briefly Consumer protection ILIGAN City -- Iligan City Local Price Coordinating Council (LPCC) tackled during its second Quarter meeting calendar of activities for the period June to December 2016 in its mandate to protect the interest and welfare of the consumers. In order to achieve its mandate and sustainability, the city government has allocated an annual fund of P100,000 for the council to be taken from the appropriation of the City Mayor’s Office. This according to Joseph Benjie Teves, community relations officer, who attended the meeting representing the offices of City Mayor office and Administrator.
2014 ppi’S Best in ENVIRONMENTAL Reporting
0915-563-6246
Duterte sworn in as PH’s 16th President www.businessweekmindanao.com
Thu-Fri | June 30 - July 1, 2016
By BENJAMIN NATHANIEL T. BONDOC and JELLY F. MUSICO Philippine News Agency
T
HE former mayor of the southern city of Davao, Rodrigo Roa Duterte formally took his oath on Thursday noon as the Philippines’ 16th chief executive. Duterte replaced outgoing Pres. Benigno Aquino III who arrived around 10:25 a.m. in Malacañang. The two met for over 30 minutes at the President’s Hall Sala before Aquino was given departure honors at the Palace Grounds. After the final military
honors highlighted by 21-gun salute was given for Aquino, the incoming and outgoing le aders of t he countr y talked again very briefly before Duterte escorted his predecessor to the vehicle that brought Aquino to his residence at Times Street in Quezon City.
After the singing of national anthem and a joint prayer, veteran singer Freddie Aguilar sang Duterte’s campaign jingle “Duterte para sa Tunay ng Pagbabago” to the tune of Aguilar’s famous song “Ipaglaban Mo.” Then incumbent Senate President Franklin Drilon read the Joint Resolution No. 1 of the Congress, sitting as Presidential Electoral Tr i b u n a l , p r o c l a i m i n g Rodrigo Duterte and Ma. Leonor “Leni” Robredo as winners of the presidential duterte/PAGE 7
P15.00
PRESIDENT DIGONG. Long-time Davao City Mayor Rodrigo Roa Duterte takes his oath before Supreme Court Associate Justice Bienvenido Reyes as the country’s 16th President. Photo courtesy of Malacanang News and Information Bureau
First order of business:
Digong eases processing of gov’t transactions By Kris M. Crismundo, Philippine News Agency
PRESIDENT Rodrigo R. Duterte, the 16th President of the Philippines, is known for his strong words against illegal drugs and criminality, but his first order as the countr y’s new executive to e as e t he pro cess of government transactions, is now making the business community rejoice. In his inaugural speech
Food-for-work MARAWI City -- The Autonomous Region in Muslim Mindanao (ARMM) distributed close to 3,000 sacks of rice and containers of palmoline oil to farmers in South Upi town in Maguindanao province, one of the towns in the region severely hit by drought. The distribution is under the Food-for-Work program implemented by the region’s humanitarian and emergency action response team in partnership with the United Nations World Food Programme (UN-WFP). ARMM Executive Secretary lawyer Laisa Alamia and UN-WFP Program Officer Michael Argonza led the food distribution on 28 June. “This is just the first batch of assistance in the three barangays in South Upi that include Barangay Biarong, Lamud and Bongo, we will also implement this program in other barangays,” Atty. Alamia said.
Corporation
T h u r s d a y, P r e s i d e n t Duterte directed all Cabinet secretaries and agency heads to reduce requirements and the processing time of all applications from the time of submission to release. He also ordered to remove redundant requirements and “compliance with one department or agency, shall eases/PAGE 7
Lumad group hopeful of Duterte admin By MARK D. FRANCISCO Staff Writer
A LUMAD advocates’ group in Cagayan de Oro City greeted President Duterte’s first day in office with a plea to look at the plights of indigenous peoples in Mindanao who they said were still suffering from various atrocities in the six years of the Aquino administration. The Iligan City-based group Rural Missionaries hopeful/PAGE 7
BRIDGING THE CULTURAL DIVIDE.A Catholic nun and a Lumad leader share a meal during an indigenous peoples’ gathering held last Wednesday in Cagayan de Oro City. PHOTO BY MARK FRANCISCO
THE PRESIDENT’S CHILDREN. President Rodrigo Roa Duterte signs his oath of office with his four children behind him (L to R) Paolo, Sara, Veronica and Sebastian. Looking on is Supreme Court Associate Justice Bienvenido Reyes, who administered Duterte’s oath as the 16th President of the Philippines, the first Mindanawon to lead the country. Photo courtesy of Malacanang News and Information Bureau
Editorial and advertising email : businessweekmindanao@gmail.com • Cell Number : 0917-7121424 • 0947-8935776
BusinessWeek MINDANAO
2
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
thu-fri|June 30 - JUly 1, 2016
Economy
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
EMB showcases notable SWM projects in NorMin
N
O R T H E R N Mindanao’s finest experts in solid waste management shared their innovati ons and notable strategies to various partners and members of the Northern Mindanao Ecology Center (NMEC) and the Cagayan de Oro River
Basin and Adjacent Rivers Water Quality Management Area (CDOBAR-WQMA) Governing Board in Cagayan de Oro City on June 29. Practitioners from the academe, local government unit, and commercial establishment namely Xavier
University, Gingoog City local government unit (LGU) and SWM consultant Engr. Sin del Jamorol graced the learning event which also highlighted the environment month culmination activities. In his opening message, Department of Environment and Natural
Resources-Environment and Management Bureau (DENREMB) acting officer in-charge, lawyer Abbas I. Lao said the event seeks to capacitate the members, especially the local government units, highlighting that to date, only 37 percent of the LGUs nationwide have complied
with the guidelines set by Republic Act 9003 or the Ecological S olid Waste Management Act. T h e E M B, h e s a i d , has already filed its first 50 administrative cases for t he non - c ompl i ant local governments at the Ombudsman, and two of
these cases are from Northern Mindanao. Regional SWM Chief Dovee Cherry Geollegue said only 10 LGUs in region 10 have established and operated a Sanitary Landfill and 36 percent or 737 barangays have materials recovery facility. (JCV/PIA 10)
More farm-mech assistance turned-over
TEACH ‘EM YOUNG. Workers from Hedcor share a light moment with Higaonon kids,teaching thems chool rhyme sand poems at the Guihean Elementary School, a few kilometers away from the ongoing construction of the Hedcor 68.8 MW Manolo Fortich hydro power project in Bukidnon. F ixing a total of 17 classrooms in Bukidnon and Davao, more than 800 pupils are now enjoying a better learning environment in this year’s Brigada Eskwela.
COMMIT TED to ser ve the agriculture sector, the Department of Agriculture Regional Field Office 10 (DA-RFO 10) turned-over the third batch of farm machineries and equipment worth P25.8 million on 21 June 2016 at Northern Mindanao Agricultural Crops and Livestock Research Complex (NMAC-LRC), Dalwangan, Malaybalay City. Farmer beneficiaries in the region received the following: mechanical rice thresher, power tiller-hand tractor type, power tiller-mudboat type, power tiller-riding type, power-tiller turtle type, water pump and engine sets with accessories, four wheel drive tractor. These projects were funded and materialized f rom t h e DA’s b an n e r programs: Agri-Pinoy Rice, Corn and High Value Crops
Development for 2014 and 2015 commitments through 85:15 cost sharing scheme, wherein 85% of the total project cost is shouldered by the government while the 15% is the counterpart of the proponent. Assistant Regional Director Engr. Roxana H. Hojas congratulated the recipients and looks forward these farm machiner y equipment will help them in their farming endeavors. “Bu l a h an k amo ng a nakadawat niini nga mga ekepo ug manghinaut kami nga inyo kining ampingan ug kanunay mentinahon pagayo,” (You are blesses to have these equipment and it is my hope that you will take care of it and its maintenance religiously) she said. These interventions are aimed to address the present assistance/PAGE 6
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
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
thursday|June 30, 2016
3
BusinessWeek MINDANAO
4
2013 ppi’S Best in Business and Economic Reporting 2014 ppi’S Best in ENVIRONMENTAL Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
thu-fri|June 30 - JUly 1, 2016
BusinessWeek MINDANAO
YOUR LOCAL ONLINE BUSINESS PAPER
www.businessweekmindanao.com
Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO
ALLAN mario MEDIANTE
Vice President for CorporateAffairs
Joe felicilda
Vice President for Administration
joe palabao
Vice President for Marketing
NELSON CONSTANTINO Editor-in-Chief
Cheng ordoñez
gilbert y. chao
Executive Editor
Motoring Editor JOEL ESCOL
BONG FABE
Feature Editor
Associate Editor
CLIFFORD SANTILLAN Layout Artist
JUN AYENSA
mel-rose codilla
Regional Editor Caraga
Advertising
ATTY. MARIO T. JUNI
Cris diaz mike baños Uriel quilinguing Contributing Editors
Cell No: 09352379999
Juni Law Office Cruz Taal St., CDO Legal Counsel
MARKETING staff manila office: Unit 310 Valero Plaza, Valero Street, Salcedo Village, Makati City; lani vallido-Marketing Manager ARJAY FELICILDA Marketing Staff - CDO
The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463826-272-000 – VAT. Reg., and with Business Permit No. 201512879. Tel. Nos.: (088)8578447, 74-5380, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : businessweekmindanao@gmail.com
Member: Philippine Press Institute Oro Chamber
A Brother Like That Think a minute…This is a true story about a man named Paul whose brother gave him an early Christmas present. It was a brand new car! A few days later, Paul was leaving work to go home on Christmas Eve. A boy named David was standing by Paul’s shiny new car. He said: “Sir, is this your car?” Paul answered, “Yes, my brother gave it to me for Christmas.” David looked surprised. He said: “You mean your brother gave it to you so it did not cost you anything? Wow! I wish…” But the boy stopped, and didn’t finish his sentence. Paul knew David was going to say he wished he had a brother like that. But he was so surprised when the boy said: “I wish I could BE a brother like that!” Paul then asked David if he would like to ride in his car. “Oh, Yes!” he answered. “I’d love to!” Paul and his new friend had been riding a while when David said: “Mister, would you mind driving in front of my house?” Paul smiled, thinking David wanted to show his friends that he was riding in a new car. David asked Paul to stop in front of a certain house. The boy jumped out of the car and ran into the house. A few minutes later, Paul saw David coming back out carrying his crippled, little brother. He carefully sat his
THINK
A Minute
Jhan Tiafau Hurst brother down on the steps in front. Sitting down next to his brother, David pointed to Paul’s new car. He said to his brother: “See that car, Buddy! This man’s brother gave it to him for Christmas. And someday, I’m going to give you one just like it. Then you can ride in it and see for yourself all the nice Christmas things in the stores that I’ve been telling you about.” Paul got out and lifted the crippled, little brother on to the front seat of his new car. David climbed in beside his brother, and the three of them went on a very special and unforgettable Christmas ride. That Christmas eve, Paul finally understood what Jesus Christ meant when He said: “You’ll be much happier and more blessed when you give than receive.” Just Think a Minute…
Opinion
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
The Prez and the Press R E G R E T T A B L Y, t h e conversation b etween President-elect Rodrigo Duterte and the news media has turned sharp and shrill. All but lost in the noise is the two parties’ common duty in law and tradition to serve and to inform the Filipino people on issues, events and policies that affect their interest and welfare. A president—all at once the chief executive, fount of foreign policy, manager of the national household, gu ardi an of p e ace and order, commander of the uniformed services, and arbiter of policy conflicts—is the most important pivot of news and policy in the land. The President is mandated by law to lead the nation and to promote transparency, accountability, and good governance. But the Constitution also upholds the citizens’ rights to free speech, free press, free expression, and peaceable assembly. It guarantees as well their right to due process, equality before the law, access to information, justice, and life. As “the people’s private eye in the public arena,” the news media serve as custodian and gatekeeper of some of these rights. It’s a task that must be accomplished, and the President-elect’s predecessors as well as the nation’s journey from democracy to dictatorship and back illustrate why
editorial and how we must inquire into, inveigh against, and investigate questionable public officials and agencies, on the citizens’ behalf. Thus, despite his vexation with those he calls the “lowlifes” and the “mouthpieces” in the news media, we must at all times cover him, his actions, and his statements. In truth, the news media must report more—and better—about him, his policies and his actions, with our reports guided by the best standards of accuracy, fairness and context. This we must do even as we note at least two disturbing “messages” from the President-elect. First, by saying that “cor r upt j our na lists ... vultures of journalism can die for all I care [because] you’re asking for it,” he mocks the memory of 172 journalists (at latest count) killed in the line of duty since democracy’s rebirth in 1986. The last report filed by a majority of those slain journalists precisely exposed crime and corruption, the same social ills that he says he wants to curb. Sadly, not a single mastermind or principal suspect in these murders, including state agents, local warlords, and
criminal elements, have been held to account. Second, whether intended or not, his volcanic language has d amp e ne d, i nd e e d chilled, the daily reportage, so that journalists with valid, if testy, questions are seemingly forced to eat expletives by way of a response. To be sure, corruption in the news media is as real as the 16-million vote that secured the victory of the President-elect. To be sure, corruption afflicts both individuals and agencies in the news media, and has evolved into a subculture with a language all its own. As any where else, however, corruption in the news media is a supplydemand chain. One solution offers a key role for the incoming administration: Slay it at the source. The government’s own media agents, as well as politicians and corporate PRs who offer more than stories to get favorable coverage or to spike bad news, must, in the President-elect’s words, “stop it.” Another solution calls for quick action from media managers: Provide better pay and protection for journalists. But here’s the thing: The institutional capture of the
news media by politicians has begun in some parts of the country. Local politicians and their families have acquired ownership and control of print and broadcast media agencies, and certain local gover nment units have bought block-time segments using public funds. The corruption of the news media thus also involves partisan political interests driving editorial processes—as the President-elect knows full well. Yet for all the supposed differences, the news media and the President-elect have complete agreement on one factor: the urgency of a Freedom of Information Law. The issuance of an FOI executive order on Day One of his presidency should prevent the 17th Congress from tarrying in its task. An FOI Law will provide the necessary institutional and legal framework for full and true functional links between transparency and accountability in government, and for the right of all Filipinos to access information in order to take part in nation-building. We in the news media wish the incoming administration success in all its endeavors. As journalists and as citizens, we commit not only to do journalism right and better, but also to uphold and defend free speech, free press, free expression, and the people’s right to know.
The true legacy of Noynoy and Cory! LIFE’S INSPIRATIONS: “… `But I have stirred up a leader who will approach from the north. From the east he will call on my name. I will give him victory over kings and princes. He will trample them as a potter treads on clay’…” (Isaiah 41:25, the Holy Bible). -ooo THE TRUE LEGACY OF NOYNOY AND CORY! To me, the real importance of the June 30, 2016 turnover ceremonies at Malacanang where the presidency got transferred from outgoing President Aquino to incoming, and now full-pledged, President Duterte, did not come from Duterte’s dramatic election and installation as the 16th president of the Republic of the Philippines. The transfer of power from Aquino to Duterte is significant for all Filipinos in that it symbolized the continuing capacity of the Filipino nation to effect a peaceful change of leadership anchored on an electoral pro cess w hich, t houg h marred by claims of fraud particularly in the vice presidential contest, was generally reflective of the true will of the electorate. It also showed Aquino as a true leader who does not cling on to power. Although I am someone who frequently disagreed
with Aquino, both Noynoy and her mother, the late President Cory, on many issues about the welfare of the country and its people, I am willing to concede that if there is any legacy of the Aquinos we all have to be thankful for, it is the peaceful and orderly transfer of power from one president t o a n o t h e r. M a b u h a y, President Benigno Aquino III, mabuhay, President Cory Aquino!!! -ooo QUESTION AND A N S W E R : A g roup of residents of Bacoor City, Cavite came to me and asked what they could do with two people who acted as their lawyers in a land case involving their very residential units even if, as shown by two Supreme Court certifications, they were actually not members of the bar, or are not really lawyers. Well, the residents can immediately change these pretenders and secure the services of “true” lawyers, and seek the setting aside or nullification of all the proceedings in court participated in by them. A court proceeding where one of the parties was defrauded by someone pretending to be a lawyer could be considered a null and void proceeding, because the defrauded client
was actually deprived of his Constitutional right to a counsel of choice. Then, they can also demand for the return of the money paid to the pretenders, failing in which they could sue them for estafa. Under the Revised Penal Code, when a person misrepresents himself or herself as having a qualification which he does not have, like having a license to practice law, that would amount to swindling or estafa. -ooo BIBLICAL PROPHECY ON PRAYERS STARTING WITH GOD’S NAME: There is a Biblical prophesy, found in Isaiah 43:25, which says God will call someone from the east who calls or prays in His Name, who will be rewarded with “victory over kings and princes” and who will trample upon these kings and princes in the manner that a potter treads on clay. We at the Anak ng Diyos Kadugo Ni Kristo (Children of God Blood Kin of the Christ) Church believe that that this person from the east, who calls on Him and prays in His name and will be used greatly in the end time work of God mentioned in Isaiah 46:11 and Matthew 24:14, is its “Leader Disciple”, or its spiritual head. This belief is anchored on the fact that the “Leader
K akampi
Mo A ng Batas
Atty. Batas Mauricio Disciple” of the AND KNK introduced a unique way of praying among its members, right from the moment the Church was established in the Philippines, where each and every prayer starts with the phrase “O Jesus, our God and Savior”, and ends with the phrase “this we ask in the name of Jesus, our God and Savior”, which is very much unlike the prayer of other believers. -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 HOURS a day, in the Philippines and the world at www.facebook.com/ angtangingdaan or www. facebook.com/ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
CorporateWorld
Del Monte Pacific swings back to profit DEL MONTE Pacific Ltd. returned to profitability during the fiscal year ended April, following adjustments in retirement and capital expenses along with the uptick in sales from the United States, the Philippines and other markets. In a disclosure to the Philippine Stock Exchange (PSE) on Wednesday, the company reported an annual net income of $51.5 million, a reversal of the $43.2-million net loss recorded in the previous year. Del Monte attributed it s i mprove d f i n anc i a l performance to one-time gains of $31.7 million mainly
from the amendment of the retirement plan of its US subsidiary Del Monte Foods, Inc. (DMFI) in the second quarter and the adjustment of the working capital in the fourth quarter. The adjustments offset expenses from the closure of a plant in North Carolina, according to the company. Del Monte, however, managed to post positive financial results even without the nonrecurring items, as the company’s core or recurring net income amounted to $19.8 million. “During the past year, we continued to lay the del monte/PAGE 6
CHEVRON Philippines, Inc. will open at least 30 new stations this year, 25% of which will be in Mindanao where it sees growth across the region through agricultural exports, its country chairman said. “We’re going to add about 30 service stations to our network in 2016 and that’s right across the country,” Peter Morris, who is also Chevron Philippines general manager, told reporters on the sidelines of Tuesday’s launch of a new
Caltex gasoline product. The new stations will be located in Metro Manila, as well as growth areas in Mindanao and some provinces in the Visayas, he added. Chevron, which markets a range of products locally under the Caltex brand name, currently has “just under 700 stations right across the country all the way from Laoag in the north, Zamboanga in the south and many points in between,” he said. Asked about how many
thu-fri|June 30 - JUly 1, 2016
5
Globe fires up more 700-MHz cell sites in Davao City GLOBE TELECOM, Inc. on Wednesday said it activated cell sites in Davao City using the 700-megahertz (MHz) spectrum, as part of its plan to improve mobile Internet speeds throughout the country. In a st ate m e nt , t h e telco said the cell sites cover the following areas in Davao City -- Insular Village, Waterfront Hotel, Nova Tierra Subdivision, Fortune Homes Village, Brgy. Pampanga, Lanang, Dona Pilar Subdivision, globe/PAGE 6
Chevron to expand network in Mindanao of the new stations will be in Mindanao, Mr. Morris said about 25%, raising the Southern Philippine island’s share from the current 21.4% or 150 out of the existing 700. However, he noted the company was seeing growth in many areas across the country because of a “broadening economic base.” “It’s happening certainly in Mindanao and the Visayas and not to mention Metro Manila,” Mr. Morris said. Chevron has six terminals
and 13 sales offices in the country, including a finished lubricants products receipt and distribution center. It sells Caltex-branded motor gasoline, diesel, kerosene, jet fuel and more than 40 lubricating oils and greases, to motorists and industrial users. The company’s import terminal in San Pascual, Batangas serves as a hub of its transportation and supply operations in the country. Mr. Morris did not disclose
the needed investments to build the new stations, saying the company’s business model has majority of the stations operated by local business people. “Most of them typically have the land and Caltex is the fuel supplier and provides a lot of the branding elements,” he said. He said the new stations would boost Chevron’s bottom line, and that the company was looking at an increase in sales because of the new
product. He decline to give sales or income figures. Caltex’s gasoline with Techron was reformulated to contain what it called “clean and glide” technology. Its cleaning performance protects the engine while friction modifiers guard metal components, resulting in improved efficiency. Chevron said the new product will be available on July 1 exclusively to Caltex fuel stations in Asia-Pacific and South Africa.
BusinessWeek MINDANAO
6
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
thu-fri|June 30 - JUly 1, 2016
PH M3 grows faster at 13.5%, bank lending at 17.7% GROWTH of Philippines’ domestic liquidity, or M3, posted a faster rate in May 2016 to 13.5 percent from month-ago’s 12.8 percent due to continued robust demand for credit. Data released by the Bangko Sentral ng Pilipinas (BSP) Thursday showed that domestic claims rose slightly at 18.7 percent from last April’s 18.4 percent. Majority of the loans were extended to the key production sectors, namely real estate, wholesale and retail trade, repair of motor vehicles and motorcycles, financial and insurance activities and information and communication. Net foreign assets (NFA) during the same period rose by nine percent from eight percent last April. The central bank said its NFA position continued to rise due to strong inflows of remittances from overseas Filipinos, business process outsourcing (BPO) revenues and portfolio investments. During the same period, banks’ foreign assets also went up due to higher investments
in marketable debt securities. Their foreign liabilities also rose because of increased deposits made by foreign banks. The BSP said sustained M3 growth “indicates that money supply remains sufficient to support economic growth.” ”Going forward, the BSP will continue to monitor liquidity and credit dynamics to ensure that monetary conditions remain consistent with maintaining price and financial stability,” it said. On the same month, lending activities of banks, excluding placements with the central bank’s reverse repurchase (RRP) facility, posted a faster growth of 17.7 percent from month-ago’s 15.6 percent. Including RRPs, bank lending rose by 16.6 percent from the 14.8 percent in the previous month. Production loans or those extended to production sectors, which account for about 80 percent of banks’ loan portfolio, went up by 17.9 percent from monthago’s 15.6 percent. Household loans also
CDO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947
DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631
CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491
LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739
CORRALES BRANCH Corrales Ave., Cagayan de Oro City
CARMEN BRANCH Vamenta Blvd.,Cagayan de Oro City Tel. # (088) 231-2011
posted faster growth of 17.4 percent from last April’s 16.8 percent.
”Going forward, the BSP will continue to ensure that domestic credit and liquidity
conditions will keep pace with over-all economic growth while remaining consistent
with its price and financial stability objectives,” it added. (PNA)
Del Monte...
the years ahead,” Mr. Campos said. In the fourth quarter alone, Del Monte posted a net income of $19.2 million, including a one-time net gain of $8.4 million. Sales, however, dropped by 3% because of a 7% decrease in sales from DMFI due to unsuccessful government and co-pack contract bids. T h e “c om m e n d abl e” performance of the Philippine business partly offset the lower sales from the US, according to Del Monte. Sales from the Philippines jumped 6%, as household penetration increased following advertising campaigns. The S&W branded business in Asia and the Middle East, meanwhile, generated 8% higher sales, with the Korean and Japanese markets growing significantly on improved sales of canned beans and tropical fruits. As part of its deleveraging plan, Del Monte said it plans to issue dollar-denominated perpetual preference shares on the Philippine capital market. It targets to launch the offering this year subject to regulatory approvals and market conditions. The proposed issue will amount to $360 million, with $250 million issued initially and the balance within three years. The company has already received preeffective approval from the Securities and Exchange Commission (SEC) and now awaits the approval of its listing application and the offering from the PSE and the Bangko Sentral ng Pilipinas, respectively. “As t his is t he f irst ever dollar-denominated preference shares to be issued
and listed on the PSE, the platform is being set up. The PSE has approved and endorsed its amended Dollar Denominated Securities rules to the SEC for its concurrence,” Del Monte noted. The company expects to sustain its profitability into the next financial year ending April 2017. In the short- to mediumterm, Del Monte plans to improve its financial performance by strengthening its core business, leveraging procurement synergies and optimizing general and administrative costs. The company also intends to shift to a “leaner” organizational model in the US.
for 4G/LTE technolog y. It was part of San Miguel Corp.’s telecommunications assets that Globe jointly acquired with Philippine Long Distance Telephone Co. (PLDT). Globe earlier said it is planning to activate the 700-MHz frequenc y for 200 cell sites around the countr y within the next few months. Earlier this week, Smart announced it opened four more LTE cell sites in Davao City, as part of its larger p l an of a c t i v at i n g 3 6 0 cell sites with 700-MHz spectrum within the year.
from page 5
foundation for future growth and this is reflected in the sales and financial performance of Del Monte Pacific in FY2016,” Del Monte Managing Director and Group Chief Executive Officer Joselito D. Campos, Jr. was quoted as saying in the statement. Del Monte booked $2.3 billion in sales, a 4% increase from the year-ago figure. DMFI, which accounted for 78% of total sales, generated a 4% higher revenue amounting to $1.8 billion. The Philippine market posted a record performance, according to Del Monte, as increased sales across all product categories pushed the full-year result 6% higher. This was supposedly driven by an expanded user base and household penetration. Del Monte likewise cited record sales of the S&W branded business in Asia and the Middle East which rose 10% on the performance of both fresh and packaged segments. In particular, the expanded distribution in China drove sales of fresh products. The company also managed to improve its gross margin to 21.2% from 18.7% due to lower trading spending in DMFI and cost optimization initiatives to mitigate the impact of lower pineapple output brought by the El Niño in the first half. “We drove improvements in our cost structure and better aligned operations with our strategic direction to gain market share, increase margins and expand into adjacent categories as part of a long-range plan to grow sales and profits for the company in
Globe... from page 5
resorts in Samal Island that include Paradise Resort, Blue Jazz Resort, Blue Water and Costa Marina, DPWH Region XI Office, Brg y. Panacan, Dona Mercedes Village, Eastern Mindanao C ommand C amp, Va l le Verde Estate Subdivision, Fo r e s t L a k e Me m o r i a l Par k , P M P C Vi l l a ge , Celllidona Village, Don Ramon Village and Veterans Village -- Phase2. G l o b e S e n i o r Vi c e Pre s i d e nt f or Pro g r am G overnance, Network Te c h n i c a l G r o u p J o e l Agustin urged subscribers to use Long-Term Evolution (LTE) -capable smartphones and devices to “really feel the difference in mobile Internet speeds.” The 700-MHz band provides better signal penetration and indoor coverage, making it the most valuable frequency range
Assistance... from page 2
agricultural needs of farmers and fisherfolks with the use of modern equipment and facilities that will help them augment their production and income. To r n i t o L i m b a g o , president of ARFI Araneta Logong Irrigators Association, recipient of one unit power tiller-hand tractor type said “Kami nagpasalamat ug dako ang among kalipay nga nakadawat sa maong ekipo tungod kay dako kaayo ang ikatabang niini sa among asosasyon nga adunay 146 ka mga miyembro.” (We are really thankful and happy to have the equipment as this will greatly contribute to our association which currently has some 146 members). The event was attended by the different irrigators associations, ser vice providers, local government units, women’s club, people’s organization, multi-purpose c o o p e r at i v e s , a n d t h e academe. (SVA, DA-RFO 10/ PIA-10)
BusinessWeek MINDANAO
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
2013 ppi’S Best in Business and Economic Reporting
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
thu-fri|June 30 - JUly 1, 2016
Hopeful... from page 1
of the Philippines – Northern Mindanao has launched a project called Healing the Hurtto combat discrimination, human rights violations and impunity against the Lumads. The Lu m a d s a r e t h e n o n Christianized and nonIslamized tribes in Mindanao numbering around 13. Healing the Hurt project director Sis. Ma.Famita N. Somogod said the project will have five components. These include: establishing a research center for the Lumads that will be known as the Mindanao Interfaith Institute on Lumad Studies; increased number of radio programs to increase public awareness among the public; increased financial support for the security of Lumads; enhanced capacity to document rights violations against the Lumads and more synergy and cooperation within the 13 tribes of Mindanao. Sis. Somogod said that under the Aquino administration, displacement and execution of lumads were at its peak between 2014 and 2015. “Despite various demands for justice both in the local and international levels, the government is not taking serious action on these matters. These IP communities happen to be in resource-rich areas, targets for the entr y of extractive industries. The government’s economic policies push for the entry of these companies, irrespective of the Lumad communities’ assertion for self-determined development,” she said. With this, Somogod is optimistic that Duterte would understand the plights of the IPs being a Mindanaoan himself, and would not “follow the indecisiveness of the Aquino administration.” “As he promised, change must be felt by everyone, most importantly the marginalized like the Lumads. We based this on Duterte’s instances in the past that he took concrete action for the support of the Lumads,” she said. At the same time, the Rural Missionaries of the Philippines – Northern Mindanao will push through with massive information drives for Lumads cultural awareness among the general public. “We are discouraging on NOTICE OF EXTRAJUDICIAL SETTLEMENT OF ESTATE AMONG HEIRS WITH DEED OF ABSOLUTE SALE “Notice is hereby given that the estate of AGUSTIN V. LADICA who died on October 20, 1994 and leaving certain real property, registered as OCT No. P-8030 has been extrajudicially settled among the heirs of the decedent as per Doc. No. 418, Page No. 84, Book No. XXVIII, s. 2016 in the Notarial Registry of Notary Thaddeus Boiser.” BWM: June 17, 24 & July 1, 2016
romanticizing indigenous practices because this cannot help the Lumads. We will instead provide venues to train, exchange ideas and build their capacities for stronger Lumad empowerment. We plan to strengthen intercommunity partnership and promote dialogue with authorities and corporations on access to land and natural resources,” Ms. Somogod said. Healing the Project is in part funded by the European Union. In a message, EU Philippine head of delegation Franz Jessen said the Union considers indigenous peoples’ rights as a priority and supports initiatives aimed at ending all forms of discrimination against indigenous peoples.
Duterte... from page 1
and vice presidential elections last May 9, 2016. In a simple ceremony attended by around 600 guests at the Rizal Hall in Malacañang Palace, Duterte was sworn in by Supreme Court Associate Justice Bienvenido Reyes, with his left hand placed on top of the Bible held by his youngest daughter, Veronica. The oath-taking was w it ness e d by D uter te’s children, Paolo, Sarah, and Sebastian. Among the guests present during the ceremony were former Presidents Fidel V. Ramos and Joseph Ejercito Estrada. After taking his oath as President, President Duterte administere d t he mass oath-taking of his Cabinet members. The new President also met with members of the Diplomatic Corps led by new Department of Foreign Affairs Sec. Perfecto Yasay at the President’s Hall. The President offered a toast to which the Papal Nuncio delivered a response.
Living up to his promise to hit the ground running right after his inauguration, President Duterte held his first meeting with his Cabinet members at the Aguinaldo State Dining Room before concluding the inauguration day with a tour of the Presidential Museum and Library. Duterte, winning by a landslide victory in the May polls, is the first Philippine president from Mindanao. (PNA)
Eases... from page 1
be accepted as sufficient for all”. The Chief Executive li ke w is e inst r uc te d a l l government offices to refrain from changing and bending the rules of government contracts, transactions and projects already approved and awaiting implementation. “We l au d Pre s i d e nt Rodrigo R. Duterte’s first order to all cabinet secretaries to reduce requirements and processing time of all applications across agencies and remove redundancies in these requirements and to respect the sanctity of contracts,” MBC Executive Director Peter Angelo Perfecto said. “The President’s position of reducing red tape and streamlining of permits and requirements together with observing the sanctity of contracts give the much needed credibility to the government. This will surely attract local and foreign direct investments,” said Francis Chua, Philippine Chamber of Commerce and Industry (PCCI) Chairman Emeritus and founder of the International Chamber of Commerce of the Philippines (ICCP), in a text message to
the Philippines News Agency. In another text message, Philippine Exporters Confederation Inc. President Sergio Ortiz-Luis Jr. added that President Duterte’s speech touching on easing transaction with the government is “very reassuring and will put to rest whatever doubts they (the business community) have”. “This shows his pronouncements during the campaign and during the Business Forum were no idle words but will be the foundation of a stable relationship with business and foreign investors,” he said. For h i s p ar t , P C C I President George Barcelon, in a phone interview, said President Duterte’s message boils down to improving the lives of Filipinos, hoping it would soon result to creating more jobs and inclusive growth. “He is telling all sectors of society for change. Everybody has to come on board,” said Barcelon. Barcelon said that not changing existing rules on government contracts, transactions and projects would encourage businesses to further partner with the public sector. “ Thes e words br ing back businesses’ faith to the government,” Barcelon said. President Duterte said that easing doing business with the government is something “that cannot wait for tomorrow to be announced”. In his inaugural speech, the Chief Executive cited EXTRA-JUDICIAL SETTLEMENT OF THE STATE OF THE DECEASED SAMUEL ABRAGAN MELCHOR
This DEED, made and executed in the City of Cagayan de Oro, Philippines, by: Heirs of JESSIE P. BALAN and SHIRLITA T. BALAN, of legal age, married to each other, Filipino, and with residence and postal address at Nazareth, Cagayan de Oro City, Philippines, hereinafter called the VENDOR-First Party, and in favor of Spouses CONCORDIO AMONCIO CASICAS and ESTELA BAJAO-CASICAS, of legal age married to each other, Filipino, and with residence and postal address at Gusa, Cagayan de Oro City, hereinafter called the VENDEESecond Party; WITHNESSETH THAT: the VENDOR is the registered owner “in fee simple” of the certain real property (residential house and lot) known as Lot No. 7-A-4, Psd-10-002181 located at Carmen, Cagayan de Oro City, containing an area of 300 Sq. Meters declared in the HEIRS of JESSIE P. BALAN, ANDD SHIRLITA T. BALAN is the subject “DEED OF ABSOLUTE SALE” Under Notary Public of BRAULIO LINEJAN RUGAY JR. per Doc. No. 329; Page No. 66; Book No. L; Series of 2016
This DEED OF SALE, made and executed in the City of Cagayan de Oro, Philippines, by and between: PERLA C. ARINO, of legal age, Filipino citizen, married to PABLO L. ARINO, with residence and postal address at Zone 1, Igpit, Opol, Misamis Oriental, hereinafter referred to as VENDOR, and RONNIE T. SAMSON, of legal age, Filipino Citizen, married to ANTONIA B. SAMSON, and with residence and postal address at Zone 1, Igpit, Opol, Misamis Oriental, hereinafter referred to as the VENDEE; WITNESSETH THAT: the VENDOR is the lawful, and owner of a parcel of land, acquired through an ExtraJudicial Settlement Among Heirs of the late RITO T. CABASAN and JULIO T. CABASAN, JR., entered in the Notarial Book of Atty. Lito A. Sanchez, Notary Public, Doc. No. 358, page No. 72, Book No. IV, Series of 2014, particularly Lot No, 5292-B-2-H-1, a portion TCT No. T-36662, under the name of Julio T. Cabasan, Jr., containing an area of 191 sq. meters, more or less is the subject of “DEED OF ABSOLUTE SALE” Under Notary Public of PANFILO I. PARACUELLES, per Doc. No. 309; Page No. 62; Book No. XXIV; Series of 2015.
This EXTRA-JUDICIAL SETTLEMENT made and executed by and among the HEIRS OF SAMUEL ABRAGAN MELCHOR, namely: JERYLYN A. MELCHOR, of legal age, widow, Filipino and a resident of Bellevue Homes, Upper Carmen, Cagayan de Oro City, the surviving wife of the decendent; FARRAH MECHOR TEJANO, of legal age, married, Filipino and a resident of Bellevue, Upper Carmen, Cagayan de Oro City, the surviving daughter of the decendent; IAN SAMUEL J. MELCHOR, of legal age, single, Filipino and resident of Bellevue Homes, Upper Carmen, Cagayan de Oro City, the surviving son of the decendant; WITNESSETH THAT: the above-named parties, all of legal ages, are the legitimate wife and children and the sole/ compulsory/surviving heirs of the deceased SAMUEL ABRAGAN MELCHOR who died on August 24, 2015, at Cagayan de Oro Medical Center, Inc., Cagayan de Oro City; That the deceased SAMUEL ABRAGAN MELCHOR, at the time of his death left the following parcel of land (conjugal property) located at Canitoan, Cagayan de Oro City, and more known as Lot No. 3915-A-2, Psd10-062435, being a portion of Lot 3295-A, Psd-10-000135 situated at Canitoan, Cagayan de Oro City, containing an area of TWO THOUSAND FOUR HUNDRED TWENTY EIGHT (2,428) SQUARE METERS declared in the HEIRS of the deceased SAMUEL ABRAGAN MELCHOR is the subject “ EXRAJUDICIAL SETTLEMENT OF THE ESTATE” Under Notary Public of EMMANUEL A. AKUT per Doc. No. 394; Page No. 80; Book No. 131; Series of 2015
BWM: June 17, 24 & July 1, 2016
BWM: June 24, July 1 & 8, 2016
BWM: July 1, 8 & 15, 2016
DEED OF ABSOLUTE SALE
DEED OF ABSOLUTE SALE
lines from the late President Abraham Lincoln, the 16th US president, noting that this will serve as among the foundation of his economic and financial policies. “And from Lincoln I draw this expression: You cannot strengthen the weak
7
2014 ppi’S Best in ENVIRONMENTAL Reporting
by weakening the strong; You cannot help the poor by discouraging the rich; You cannot help the wage earner by pulling down the wage payer; You cannot further the brotherhood by inciting class hatred among men,” President Duterte said. (PNA)
Republic of the Philippines REGIONAL TRIAL COURT 12th Judicial Region, Branch 21 Kapatagan, Lanao del Norte IN RE: PETITION TO APPOINT LEGAL GUARDIAN OF MINOR CHILD NAMED FOR THE PERSON AND ESTATE OF MINOR “SITTIE NAILAH DIMAPORO BUALE”, SPS. MAMALO D. BASHIER AND ASNIA B. BASHIER, Petitioners.
SPECIAL PROC. NO. 21-519
x- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - / ORDER A verified petition for the appointment of legal guardian of minor SITTIE NAILAH DIMAPORO BUALE was filed by petitioners SPS. MAMALO D. BASHIER AND ASNIA B. BASHIER, through their counsel, Atty. Eleuterio M. Obial before this court, praying that after due notice and hearing, they be appointed guardians of the person and estate of the minor, SITTIE NAILAH DIMAPORO BUALE, The petition alleges the following: 1. That petitioners are of legal age, Filipino, married and residents of Brgy. Sugod, Sultan Naga Dimaporo, Lanao del Norte, Philippines where they may be served with notice, orders and other court processes; 2. That petitioners, are uncle and auntie of minor child SITTIE NAILAH DIMAPORO BUALE; 3. That SITTIE NAILAH DIMAPORO BUALE for whom guardianship is being prayed for, is a minor, 12 years of age, and is likewise residing at the above address of petitioners, copy of her birth certificate is hereto attached and made integral part hereof as Annex “A”; 4. That on March 12, 2013 the father (ABDULLAH P. BUALE) of the minor SITTIE NAILAH DIMAPORO BUALE died due to acute respiratory failure and on the following year, November 18, 2014 the mother (APIPA DIMAPORO BUALE) of the minor also passed away due to breast cancer, thereby leaving said minor without any legal or natural guardian, copy of their death certificates are hereto being attached and made integral part hereto as Annex “B” and “C”; 5. That the aforestated deceased mother of the minor, APIPA DIMAPORO BUALE, was at the time of her death, a public school teacher and a bonafide member of GSIS and such she left and the minor is entitled to receive the following personal property, to wit: Personal Property Estimated Value Proceeds from death P100,000 more or less benefits claim from GSIS 6. That the deceased, APIPA DIMAPORO BUALE, left no will and said minor is the sole and legitimate survivor, succeeding to all the properties of the deceased; That said minor has the following nearest relatives, to wit: a. Maternal relatives (uncle and aunties): Name Address Sarip Bassir Poblacion, Sultan Naga Dimaporo, LDN Sidic Bashier Poblacion, Sultan Naga Dimaporo, LDN Saiben Bashier Poblacion, Sultan Naga Dimaporo, LDN H. Fatima Olama Poblacion, Sultan Naga Dimaporo, LDN Nasif Bassir Poblacion, Sultan Naga Dimaporo, LDN. Mamalo D. Bashier Poblacion, Sultan Naga Dimaporo, LDN b. Paternal relatives Name Address Pendatun Buale Poblacion, Sultan Naga Dimaporo, LDN Sanaida Buale Poblacion, Sultan Naga Dimaporo, LDN Faisal Buale Brgy. Sugod, Sultan Naga Dimaporo, LDN H. Salam Buale Poblacion, Sultan Naga Dimaporo, LDN Asnia Bashier Brgy. Sugod, Sultan Naga Dimaporo, LDN 8. When both parents of the minor died, petitioners have assumed the parental custody of the minor and up to this time petitioners still continued exercising parental care and custody of the minor; 9. Hence, letters of guardianship are being prayed for by petitioners who are the uncle and auntie of said minor and with whom said minor is presently residing. Finding the petition sufficient in form and substance, the same is hereby set for initial hearing to September 12, 2016 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 once a week for three (3) consecutive weeks at the expense of the petitioner. Let copy of this order be furnished to the relatives of the minor mentioned in the petition as well as to minor SITTIE NAILAH DIMAPORO BUALE, for their information. Further, let this order be posted at the bulletin board of this Court; at the bulletin board of the Municipal Hall of Sultan Naga Dimaporo, Lanao del Norte; at the bulletin board of the Barangay Hall of Poblacion, Sultan Naga Dimaporo, Lanao del Norte; at the bulletin board of the Barangay Hall of Brgy. Sugod, Sultan Naga Dimaporo, Lanao del Norte for fifteen (15) consecutive days prior to the date of hearing of the petition. The petitioner is directed to notify this Court of the publication of this order three (3) days before the secheduled hearing date. Furthermore, let copy of this order together with copy of the petition and its annexes be furnished to the Office of the Solicitor General; The Provincial Prosecutor; the Office of the Department of Social Welfare and Development, Iligan City through the DSWD, Sultan Naga Dimaporo, Lanao del Norte who is directed to conduct a case study in connection with this petition and submit a case study report to the Court within sixty (60) days from receipt hereof. Any interested person may file his/her opposition to the petition within fifteen (15) days from notice thereof. BWM: July 17, 24 & July 1, 2016
(Sgd.) HON. ALI M. BALINDONG Presiding Judge AMB/epp
8
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
thu-fri|June 30 - JUly 1, 2016
BusinessWeek MINDANAO
Lifestyle Mango Mania Limketkai Is Now Open 2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS NEWSPAPER thu-fri | june 30 - July 1, 2016
L
ast Saturday, I was invited to the opening of Mango Mania at 2nd Floor Limketkai Mall near Cinemas 1 & 2. The first time I tried Mango
Mania smoothies and desserts, they instantly became my favorites, not only mine but also my family’s. Their smoothies are so good! My favorites are their Papaya Smoothie, Mango Banana Smoothie and Strawberry Oreo Smoothie. I love that I can choose the sweetness level. They also have Green Mango with Bagoong, Puto Maya with Sikwate and their famous Snow Ice Desserts among others. I was happy to have met the owner, Janice. She’s very nice, smiling, hardworking, beautiful and humble. I must say,
2014 ppi’S Best in ENVIRONMENTAL Reporting
B1
she did great with opening Mango Mania here in Cagayan de Oro City. It’s something unique which makes it special. I asked her a few questions about Mango Mania… 1. How, when and why did you start Mango Mania? - It all started a few years ago when I was doing an extensive travel throughout Asia. I discovered that fresh fruit desserts were very popular, Left to Right: Mr. Albino Lim, Mayor Oscar Moreno, Ms. Janice Ratunil and Michelle specifically mango. Francisco (Photo Credit: Aye Navarro) I, like other Asians, love tropical fruit desserts as they’re much healthier. More interestingly, to suit your space recycling and solar Last Friday, Italpinas the best mangoes panels which make their requirements. Not Development being served to mention that the projects eco-friendly. Corporation launched
Italpinas Launches Primavera City
empress/PAGE B2
Primavera City, a new project encouraging investors and end-users alike to move into the modern Italian style. The project is located inside the Pueblo Business Park, an IT Economic Zone, along Macapagal Drive at Pueblo de Oro Township in uptown Cagayan de Oro City. The area is surrounded by commercial centers, government offices, important educational institutions, hospitals and a world-class 18hole golf course among others. IDC carefully applies green design solutions for all its developments with a combination of natural ventilations, shading louvers, water
The green architecture offers big savings with lower utility costs as less energy is needed to cool your units, less water to maintain the property and renewable energy from the solar panels on the rooftop. The mixed use development offers commercial and office spaces from the first to third floor and the residential units are from the fourth to eleventh floor. The roof deck features worldclass amenities such as sky garden, sky pool, sauna, gym, playground, function hall and a panoramic view of Macajalar Bay. They offer studio, one bedroom and two bedroom units
building is earthquake proof and flood proof. Other services provided are emergency power in all common areas, five elevators, reception, cctv security system, free WiFi in selected areas, solar panels and property management services wherein they could manage your income-generating asset and have your unit leased out for you. Flexible payment schemes are also designed for affordability and for your convenience. The property value also appreciates up to 10% per year based on historical data of Primavera Residences.
(More photos on page B2)
Left to Right: Atty. Jojo Leviste III, Mr. Sean Moreno and Arch. Romolo V. Nati (Photo Credit: Etong Bravo)
BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
B2 Flash Plus 2 3GB RAM with more capacity to be available in the Philippines starting July 5 at 12NN! YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
thu-fri|June 30 - JUly 1, 2016
When Flash Plus 2 arrived on the scene, we got heads turning. But who’s ready for something that pushes the regular further forward than ever? From Indonesia, to Malaysia, up to Thailand and east to the Philippines and Vietnam, the
Flash Plus 2 has been making its incredible mark with features like the Fingerprint Scanner, highquality audio capabilities and premium camera functions. In keeping with the huge demand for the phone that’s sweeping the region, get
ready for July 5 as Flash launch its 4th Flash Sale for all those who still haven’t had the chance to get their hands on this groundbreaking device. Its previous sales have sold out within 1 hour; with Indonesia selling over 1000 units within 30
seconds, so act now you so you don’t miss out on the phone everybody is talking about! The Flash Plus 2 3GB will be offered during Lazada’s Best Brands Sale. Selling price is at Php 8,490. Both Luna Silver and Venus Gold will be available.
Empress...
- Since I love eating fresh fruits, I from page B1 consider mango as throughout Asia one of those amazing come from the fruits which you can Philippines. Then, an actually mix with any idea came to pass: food and it will still why not offer the give a delightful taste. same healthy dessert There is so much back home? After that you can do which, we started to with mangoes. They have our first branch are great with other opened in the year fruits, sago, salad, 2014 at Lifestyle etc. I love inspiring District, Corrales Ext., people with healthy Cagayan de Oro City. dessert options and 2. A little something I hate the fact that about you in most desserts that are connection to the available out there business… are heavy, too sweet
and starchy which are big NO-NOs to your health. 3. All natural ingredients? - Yes, Mango Mania uses nature’s goodness to produce delightful healthy desserts. We only use natural ingredients, non-artificial flavors and the customers have the flexibility of choosing their own sweetness preference. 4. What are your future plans for Mango Mania?
- Since we believe that the concept of Mango Mania is exciting, attractive and unique, we want to take advantage of rapidly expanding by putting up a total of 20 shops in major city areas like Cagayan de Oro, Davao, Cebu and hopefully in Manila. If you love healthy desserts, you can visit Mango Mania branches at Ayala Centrio Mall and Lifestyle District as well.
Ribbon cutting by Ms. Ria Baculio, Ms. Janice Ratunil and Mr. Albino Lim (Photo Credit: Aye Navarro)
Mango Mania Limketkai Mall (Photo Credit: Aye Navarro)
L eft to Right: Mr. Harold Dacumos, Mr. Antonio Samson, Mr. Sean Moreno, Arch. Romolo V. Nati - Chairman & CEO of IDC and Atty. Jojo Leviste III - President of IDC (Photo Credit: Etong Bravo)
W ith one of the most influential people in the Philippines, Italpinas Development Corporation Non-Executive Chairman Dr. Jose “Joey” P. Leviste, Jr. He gave me one of his books that he wrote entitled “Transitions”.
Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
Billboard
BusinessWeek MINDANAO
2013 ppi’S Best in Business and Economic Reporting
B3 BOOK YOUR ADVENTURE SM Lanang Premier presents WITH GO HOTELS LANANG Ballet Philippines this weekend plush Windsor beds. Spa and laundry services are also available, as well as breakfast set menus. The hotel is also equipped with a 24-hour CCTV security. The second floor of the hotel is dedicated to function rooms that can accommodate a maximum of 250 persons, making it a perfect venue for business events or social occasions. Guests can experience the same fun vibe when they stay at the 10th branch of the growing essentialservice hotel chain. Once operational, Go Hotels Lanang-Davao will bring the total room count of the Go Hotels chain to 1,409. Go Hotel LanangDavao is a growing addition to the other nine Go Hotels located in key cities around the country. Other Go Hotels can be found in Mandaluyong, Ortigas Center, OtisManila, Bacolod, Butuan, Dumaguete, Iloilo, Puerto Princesa and Tacloban. A similar value essential hotel, Karaksa
Hotels, can also be found in Kyoto and Osaka Shinsaibashi. Karaksa Hotels is a new Japanese hotel brand pwned and developed by hotel operator Xymax Corporation which Robinsons Land Corporation partnered with. Karaksa hotel bookings can be made through RLC’s Go Hotel’s website, http://www. gohotels.ph./ Karaksa Hotels offers basic travel necessities with added innovations on room amenities and facilities to adapt to Japanese standards. The two branches, Karaksa Hotel Kyoto and Karaksa Hotel Osaka Shinsaibashi, are conveniently located just a few minutes walk from Shijo-Omiya Station and Sakaisuji-Hommachi Station, respectively. For bookings and reservations, log on to www.gohotels.ph or call 0922-GOHOTEL (4646835).
On July 3, 2016, the country’s flagship professional dance company – Ballet Philippines (BP) – is set to return to SM Lanang Premier for an exclusive performance called “BP in Blue.” “BP in Blue” features the company’s prowess in classical ballet and
executive officer who has accommodated from page B4 our Korean guests.You see I was in the City the one of the Korean doctor I have spoken to Hospital for 4 days when I was diagnosed said and quote”i have with Diabetes I almost to operate her I cant got into a coma if resist her beautiful not with the help of smile”.Such moving the competent nurses words that has melted and doctors of the my heart to pieces. hospital.Dr.Evelyn The Korean Doctors Perez chief of Hospital are also assisted by who was kind enough our local doctors to accommodate me.I and nurses.With the will give due respect pure hardwork of to our very own Dr.Ramon Nery the
city hospital who is now capacitated to compete with private hospitals.The hospital before was not able to facililate a maximum of patients due to lack of manpower but now with the new Moreno Administration It has hired additional 200 nurses to assist the big demand of patients.If there is a will there is always a way.I salute the kindness of the Korean
Doctors the whole Korean Delegates thank you for coming and doing this noble mission.I hope you all will continue to help us through the years to come.To the dedicated nurses and doctors of the hospital, Dr. Giyeon Hur, Dr. Cheonghoon Seo, Dr. Yongsuk Cho, Sunmi Hwang, Sehee Hwang, Miok Jeong, Peniel Lim, Sikat kayo lahat mga higala.
Go Hotels Lanang-Davao is now accepting bookings starting August 15, 2016 for as low as P388*. The newest addition to the Go Hotels chain is set to open its doors to guests and travelers this year. Located within the Phoenix Lanang Complex, Go Hotels Lanang-Davao is the first project of the joint venture between Robinsons Land Corporation (RLC) and Udenna Development Corporation (UDEVCO), the company behind Phoenix Petroleum. The hotel is ideally located 3045 minutes away from the airport. Go Hotel LanangDavao has 183 wellappointed guest rooms spread throughout six floors. Each airconditioned room is equipped with a 32” cable tv, safety deposit box, private bathrooms with hot and cold super showers, free wifi and more. Guests can have a comfortable sleep on their
Sikat...
YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER
2014 ppi’S Best in ENVIRONMENTAL Reporting
thu-fri|June 30 - JUly 1, 2016
contemporary dance in a two-part showcase. The first part presents highlights from “Sarong Banggi,” a contemporary ballet performance about the Filipino family with music orchestrated by Ryan Cayabyab, and costumes created by fashion designer Rajo Laurel. The second part
presents a diverse range of Filipino choreography, which includes Alden Lugnasin’s “Bayan Ko” and “Dulce Estranghera,” as well as key works by the young choreographers of Ballet Philippines II. Mallgoers can get the chance to watch this BP exclusive on Sunday, 6pm at The Atrium. Admission is free. The said event is co-presented by Air Asia. Ballet Philippines is founded in 1969 by National Artist for Dance Alice Reyes with the support of renowned dancer Eddie Elejar. A resident company of the Cultural Center of the Philippines, it is widely recognized today as a cornerstone of contemporary Filipino identity. BP has been known worldwide for its repertoire of classical and modern pieces. For more information, call 285-0943 or visit SM Lanang Premier on Facebook, Twitter and Instagram.
BusinessWeek MINDANAO Feature
THE
FOUR-WAY
TEST
of the things we think, say or do
2013 ppi’S Best in Business and Economic Reporting
YOUR Mindanao-wide BUSINESS NEWSPAPER thu-fri | june 30 - july 1, 2016
2014 ppi’S Best in ENVIRONMENTAL Reporting
B4
1. Is it the TRUTH? 2. Is it FAIR to all concerned? 3. Will it build GOODWILL and BETTER FRIENDSHIP? 4. Will it be BENEFICIAL to all concerned?
Rotary International -- The Officers and members of the Rotary Club of Cagayan de Oro , the Mother Club pose for posterity during the last weekly meeting of the incumbency of RCCDO President Cris Parojinog center at the Kagay-anon Restaurant. The RCCDO club will be holding its induction of its new set of officers , Board of Directors: for 20162017 on July 3 at Pryce Plaza Hotel at 5pm lead by PRESIDENT - DUFEL LAGROSAS, VICE PRESIDENT - DANILO EMPEDRAD, SECRETARY - AL MICHAEL MENDOZA , TREASURER - JULIUS DULFO , DIRECTORS: 1. ARIEL CENIZA 2. TITO NOEL MORA, 3. DANTE SUDARIA , 4. NASALLI SILAVA , 5. JP GASTON, PRESIDENT-ELECT: ANTONIO FERNANDEZ (2016-17)
Sikat ka Higala By SHERYL MACALE
Today marks the most important day. The 16th President of the Philippines is installed. The whole nation is witnessing the greatest mark in the Philippine history the mayor who became the president, the ultimate decision and today people lies every hope to the man that promised change. Today also marks the change of governance and all duly pledged elected officials will be sworn.So today is significant for me. Yesterday I came to a press conference at the city hall listening to the Mayors statement about the issue of his perpetual disqualification that he has yet to fight and correct the case and that he maybe given due justice and so I also met some very interesting people. After the presscon we welcomed the guests from South Korea the Hallym Burn Foundation.I had the privileged to witness the extra ordinary contribution of Korean Surgeons
performing free operation to burned victims.The Hallym Burn Foundation mission is support burn patients physical,psychological,and social recovery for a better and happier life. And with the vision is to become a sincere partner to burn patients to give hope,valuable change and providing medical cost assistance,rehabilitation and so forth.I was very touched by the dedication of the doctors who flew all the way from South Korea to meet with our deserving patients who has waited from the one time opportunity to be treated and operated.In fact I have met some of the patients who traveled from Linamon Iligan City.Most common case is burned by the lamparilla or gas lamps.Neck to chest burns that the skin has melted and got tighten resulting to difficult movements.And most locations are at remote areas unreachable of electricity.One
little gurl was operated due to a deformity.The priviledge that these patients have received are a rare opportunity.This mission was made possible through a local Southern Baptist church runned by a Korean Pastor Nam Soo Lim who lived in
the city for over 24 years who can fluently speak the local language.I was amazed by her daughter Peniel Lim who became the interpreter who also assisted the mission by communicating to the patients. It was such a blessing knowing
how dedicated these Surgeons are that by the time they were about to end the last operation yesterday after performing 3 for the day came and wheeled a 11 year old gurl with a hand burned and the one of the SIKAT/PAGE B3