BusinessWeek Mindanao (March 16-17, 2017)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 126

Market Indicators

As of 5:21 pm March 16, 2017 (thursday)

FOREX

PHISIX

US$1 = P50.318

7,286.34

3.9

X X Briefly

cents

32.55 points

Tax measures EVEN in the land of the “Punisher,” Commissioner of Internal Revenue Caesar R. Dulay had to plead to the President’s supporters to rally behind the 2017 campaign of the Bureau of Internal Revenue (BIR) to collect P1.829 trillion in taxes to fund the various programs of President Rodrigo Roa Duterte which are intended to improve the lot of Filipinos, especially the less fortunate. The appeal was made during the 2017 Tax Campaign kickoff of BIR Revenue Region (RR) No. 19, Davao City at the Davao Convention Center. Citing the President’s election campaign banner of “Tunay na Malasakit” and the BIR’s 2017 tax campaign theme of “Tunay na Pagbabago Para sa Bayan.” “To realize true change, I humbly appeal to all you to cooperate and pay your taxes correctly to support the goals of this administration in the same way that you have supported and continue to support President Duterte as validated by his most recent high satisfaction rating. We seek the same show of support to the BIR from you,” Dulay said

Rice subsidy SECRETARY Judy M. Taguiwalo of the Department of Social Welfare and Development (DSWD) has released the guidelines on the provision of rice subsidy to Pantawid Pamilyang Pilipino Program households. This is part of the order of Pres. Rodrigo Duterte who gave particular attention to the 4Ps program during his first State of the Nation Address (SONA) in the context of strengthening the government’s delivery of social services. As Pres. Duterte himself said, “The beneficiaries of 4Ps shall be made to become independent and self-reliant after they graduated from the program. We aim to present them with other forms of assistance so they can stand on their own two feet. I have decided to direct the DSWD to provide rice subsidies to the poorest families.”

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By MARK FRANCISCO, Staff Writer

HE association of electric cooperatives in Mindanao is lobbying an alternative to the planned wholesale electricity spot market (WESM) which is set to take effect in the three months. T h e D e p a r t m e nt of Energy (DOE) announced that the WESM will be implemented by June 26 if plans don’t miscarry through the Philippine Electricity Market Corporation (PEMC). Mindanao Rural Electric C ooperatives (Amreco) president Sergio Dagooc said there are several provisions in the DOE’s WESM plan which are not applicable in the Mindanao grid unlike

those that are in place in Luzon. Besides, Dagooc added that it took the Luzon grid six years to perfect its own WESM operations by putting in place a temporary Systems Operations mechanism since 2001 before the spot market was fully implemented in 2006. Along this line, Amreco convened all its 34-member power/PAGE 11

SUN DRYING. A farmer dries “palay” in Kamagong, Nasipit Agusan del Norte on a sunny day yesterday. State weather bureau PAGASA is yet to confirm the onset of the summer season as there are still indications of the northeast monsoon that will bring scattered rain-showers over the eastern seaboard of the archipelago. Photo by Jun Ayensa

Chinese firms in talks for new plants in Agus-Pulangi hydro complexes By CARMELITO Q. FRANCISCO, Correspondent

DAVAO City -- Chinese comp anies are now in talks with the government and potential local private sector partners for the development of two additional hydroelectric power plants at the Agus and Pulangi complexes in Mindanao that could produce about 550 megawatts (MW)

of new supply. Mindanao Development Authority (MinDA) Deputy Executive Director Romeo M. Montenegro said these two proposed plants -- the Agus 3 project in Lanao del Sur that could produce about 250 MW and the Pulangi 5 project in Bukidnon with a 300-MW output -- are

expected to help balance the Mindanao energy mix between renewable and fossil fuel by 2030. Mr. Montenegro, speaking at the weekly Habi at Kape media forum here on Wednesday, said Pulangi 5 was among the projects agreed upon when President Rodrigo R. Duterte visited China last year, while Chinese hydro/PAGE 11

MisOr finally enjoys P700M share in tobacco excise tax By BONG FABE, Contributing Editor

FOR the first time since Virginia Tobacco farming started in the Municipality of Claveria in 2012, Misamis Oriental stands to get at least P700 million share from the excise tax. RA 7171, Section 3 states that Virginia Tobacco-producing provinces will get a tobacco/PAGE 11

CENTER AGAINST ILLEGAL DRUGS. Davao Archbishop Romulo Valles thanks the Ateneo de Davao University for setting up the Center Against Illegal Drugs (CAID) during its blessing on Wednesday. The Center has four components: a hotline and referral helpline, human rights training and in-house drug prevention education program, community-based healing and recovery for drug reformists, and research on the illegal drugs trade in Mindanao. MindaNews photo by CAROLYN O. ARGUILLAS

Cebu Pacific launches 2 new flights from CdO CEBU PACIFIC is expanding its inter-regional network, as the budget carrier launched on Wednesday two new routes from Cagayan de Oro. In a statement, Cebu Pacific said it started on Wednesday its four times weekly flight between Cagayan de Oro and Tagbilaran, as well as its three times weekly flight

between Cagayan de Oro and Bacolod. The new routes will use the Gokongwei-led carrier’s new ATR 72-600 aircraft, which was delivered last Feb. 28. “We believe that these new routes will not only boost tourism, but also increase launches/PAGE 11

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Economy Region-10’s dev’t council endorses priority programs, projects for 2018

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O attain inclusive growth, high-trust society and globally competitive economy, the Regional Development Council Executive Committee (RDC-X ExCom) endorsed priority programs and projects (PAPs) for implementation in 2018 during its 106th meeting on March 13, 2017 in Cagayan de Oro City. Presided-over by RDC-X Chair and Bukidnon Governor Jose Maria R. Zubiri, Jr., a total of P129.317 billion is proposed to implement programs and projects of 28 national government

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agencies (NGAs) and five state universities and colleges (SUCs). In his message, Governor Zubiri said, “The RDC shall push for heavy investments in infrastructure and human capital and pursue sustainable livelihoods to bring down poverty and eliminate social unrest.” RDC-X Vice-Chair and NEDA-X Director Leon M. Dacanay, Jr. presented the regional development imperatives for the FY 2018 budget re vie w to ensure that programs and projects are aligned with the region’s vision of becoming

gateway and industrial core and trade center in Southern Philippines, and the countr y’s long-term vision or Ambisyon Natin 2040 of having a “matatag, maginhawa at panatag na buhay para sa lahat.” Budget allocation for t h e S o c i a l S e c t or w a s highest (53%) amounting to P68.889 billion for seven NGAs (CHED, DepEd, DOH, DSWD, NCIP, NHA, and TESDA) and five SUCs (BSU, CMU, CPSC, NMSC, and USTP). The Infrastructure Sector followed with P51.537 billion (39.9%) for 10 NGAs (DPWH, CAAP,

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LTO, PPA-PMOs of Lanao del Norte/Iligan, Misamis Occidental/Ozamiz, and Misamis Oriental/Cagayan de Oro, MARINA, DICT, NTC and NIA); Economic Sector, P8.452 billion (6.5%) for nine NGAs (DA, BFAR, DAR, DENR, EMB, MGB, DOT, DTI, and DOST); and the Macro Sector, P439.400 million (0.3%), for DILG and DOLE. The budget proposals

will also be presented to the RDC-X Advisory Committee (composed of Region X congressional representatives and RDC-X officials) on March 23, 2017 and to the President and his Cabinet on April 27, 2017 to ensure that these proposals are funded. In the same meeting, the RDC-X ExCom also endorsed the following: 1) Inclusion of the Balo-i Plains Flood Control Project in the DPWH

Priority Investment Program for 2017-2022; 2) Passage of House Bill No. 5948 and Senate Bill No. 2179 for a National Coastal Greenbelt Program; 3) Conduct of the Cities and Municipalities C omp e t it ive ne ss Ind e x (CMCI) 2017 Sur vey enjoining LGUs to participate and regional line agencies to provide support; and 4) Research and Development projects/PAGE 11

ARMM tourism master plan focuses on key niches to strengthen tourism dev’t M A R AW I C i t y - - T h e Department of Tourism in the Autonomous Region in Muslim Mindanao (DOTARMM) is eyeing three key areas to boost tourism development in the region. Engr. John Lomboy, chief of the DOT-ARMM Tourism Operations and Promotions Division, said the threeyear tourism development ro admap of t he reg ion centers on tourism product development, infrastructure development, and human

resource development. Lomboy said part of the product development component is support to the Philippine Halal Tourism project. It covers facilitation of Halal accreditation of tou r i s m op e r ators an d entities engage in hospitality and food services. This also includes the prov i s i on of t e c h n i c a l assistance and capacity building to local government units, integration of the

concept of cultural tourism in different festivals in the reg ion, and intensif ie d marketing promotions. In terms of infra development, Lomboy said the regional government is doing its best to support the tourism industry through road tourism infrastructure projects under the regional public works and highways department. In 2016, the DOT-ARMM reported a total of 212,649 tourism/PAGE 11

Misor female employees get makeover MISAMIS Oriental Gov. Yevgeny Vincente Emano on Monday announced that he will treat a getaway to all the women in the provincial Capitol as his gift for the celebration of Women’s Month this March. T h e g o v e r n o r ’s

announcement came even as he promised to allocate fund for an outing package and beauty care clinics to pamper all female workers of the provincial government so they may gain more confidence and be greatly motivated to work as public

servants. Emano said the vigorous women of the Capitol would have a chance to rest all day undisturbed at a resort with nothing to do but to enjoy the beauty of nature and food. MISAMIS ORIENTAL PIO

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

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Opinion

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YOUR FUTURE IS DETERMINED by What Comes Out of Your Mouth

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

ALLAN mario MEDIANTE

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Can’t get no satisfaction Think a minute…What’s your pleasure? Do you enjoy music and parties? A nice meal with your closest friends? Or do you enjoy gambling and alcohol? Maybe you love sports like football, tennis or golf ? What’s your greatest pleasure? As one guy puts it: “What turns your eyes red?” Pleasures make us feel alive and free. But the problem with pleasure is that it only makes us feel good and satisfied for a short time. Unfortunately, we still end up feeling like the old hit song by the Rolling Stones: “I can’t get no satisfaction.” After the party’s over we’re back to living our same, ever yday life and responsibilities. It seems even worse after your big high and pleasure. Just ask the guy with the terrible hangover. Ask his wife or kids whom he beat up while he was drunk. Ask the wife and children who are suffering terrible heartbreak and pain from the adulterous affair their father had with another woman. Yet the amazing thing is we keep doing these same wrong things over and over again. These same things that keep hurting ourselves and the ones we love. We keep believing the lie and illusion that these extreme feelings

THINK

A Minute

“Do not let any unwholesome talk come out of your mouths, but only what is helpful for building others up according to their needs, that it may benefit those who listen. “ - Ephesians 4:29 The mouth is a ver y powerful gateway. What comes out of it may curse or bless us. It may even curse or bless others. PSALMS 34:12-13 “Who is the man who desires life and loves length of days that he may see good? Keep your tongue from evil and your lips from speaking deceit” and PETER 3:10 “For, whoever would love life and see good days must keep his tongue from evil and his lips from deceitful speech. He must turn away from evil and do good; he must seek peace and pursue it…” agree in the formula of a longer life. If we want to

What does Ptr. Ron’s story tell us? This brings us to 1 CORINTHIANS 14:4 “He who speaks in a tongue edifies himself, but he who prophesies edifies the church”. Speech moved by the Holy Spirit edifies (improves, guides) a man. When his prediction is directed by the Holy Spirit, he cultivates GOD’s church. For parents, when we tell our children “you are lazy!” – we prophesize and define their character. For friends, when we tell our friend “honestly, you are going nowhere” – unless they rebuke this in the name of Jesus, these words will continue to bring them down. For bosses, when we tell our employee “you did a bad job” – unless their faith is founded in GOD’s Word, that is all they will ever perform, a bad job.

The Ripple

By AMBongay

As Christians living in the world of flesh, our minds will be tainted by worldly ideas that will tempt our speech. In times of oppression, it is best not to say too much. Instead, we should declare the most perfect, the purest word – “JESUS!” For by Jesus’ name, we have a very good future ahead of us! This interpretation is based on Ptr. Ron Bayron’s preaching.

50 Cagayan students evil-possessed? Bible is cure! LIFE’S INSPIRATIONS: “… Put on the full armor of God, so that you can take your stand against the devil’s schemes. For our struggle is not against flesh and blood, but against the rulers, against the authorities, against the powers of this dark world and against the spiritual forces of evil in the heavenly realms…” (Ephesians 6:11-12, the Holy Bible). -ooo 50CAGAYANSTUDENTS EVIL-POSSESSED? Scary and dangerous! These to me represent the news that about 50 high school students from the Enrile Vocational High School in Bgy. Maddarulug, Enrile, Cagayan are being possessed regularly by evil spirits since January 2017 up to the present. Ten of these students were possessed only the other day, according to reports. Teachers from the school told media that the evilpossessed students would suddenly gain extra-

ordinar y strength, their voices altered while shouting noisily something about the destruction of their house. Evil possession among the students in the school has persisted today even if various religious organizations have already tried to drive the spirits away. This phenomenon is being attributed by school authorities to the cutting down of a tree inside the campus. Apparently, the spirits appear to be staying in the tree. When it was cut down, students of the school began displaying weird and inexplicable behavior, mouthing complaints about the destruction of their house, apparently referring to the tree. -ooo BIBLE AS INSTRUMENT VS. EVIL POSSESSION: Many will dismiss this event as a simple psychotic attack which may have been caused by ordinary human factors like hunger, fatigue,

weariness, or by some other psychological imbalance. And they maybe right. But evil possession among humans is real, and a even a short research on the subject through Google will show this to be so. Now, since this problem is real, it would be wise for all interested individuals to learn a thing or two about it from as many sources as possible. For me, however, the particularly pertinent source of information about evil spirits and possession would be the only book that offers a wide array of information on the matter, which is the Bible. From the Bible, we are reminded of one important truth: that there are spiritual forces of evil in the air around us which have the power to twist our minds and make us do things that are truly sinful, indecent, and devilish, and the only way to defeat them is by being with God through His Word. We can see this

K akampi

Mo A ng Batas

Atty. Batas Mauricio specifically portrayed and proclaimed in its Ephesians 6:11-12. -ooo WHY EVIL POSSESSION IS HAPPENING IN RP: These evil spirits have the capacity of manifesting themselves not only through outward acts but more so in the thoughts and desires of people. In 1 Timothy 4:1 for example, we are warned that as the end of the world gets nearer, many will abandon the faith and instead follow deceiving batas/PAGE 11

When provoked to anger

Jhan Tiafau Hurst of physical pleasure are what we want and need to feel satisfied. So even though we already know from our own experience that the pleasure doesn’t last and satisfy, we keep going back for more. We’re almost like the dog that keeps chasing its tail. But there’s a reason why we can’t be satisfied just from physical pleasures. It’s simply not possible! We are not made or designed that way. We humans are not able to be permanently satisfied with only fun experiences and physical pleasures. You and I were made for much more than “just to have a little fun before we die!” God made us spiritual beings like Him, so the only way we can be fully satisfied and happy is by having a daily, close personal Hurst/PAGE 11

see longer days, longer and good days, we simply need to be careful with what we say. Ptr. Ron shares how a palm reader’s words determined his “destiny”. Before he met grace, this palm reader convinced him that he would one day become a vice-president. While it was unclear where he would hold this certain position, he and his father were very much determined that this was his fate. The words motivated Ptr. Ron in the direction of the palm reader’s prophecy. But the question is, was this prophecy spoken by the Spirit through the palm reader? For if it had been, then GOD did not fall short of the prophecy. In fact, he gave more than promised and made Ptr. Ron Bayron a president, not a vice-president, of his own company.

We have to be ready when this eventuality comes. It certainly is unavoidable. In fact, these days there are more occasions when we get provoked to anger. Aside from own miseries and d e fe c t s , ou r t r i a ls , difficulties and challenges we have to face, we now have to contend with the increasing differences we have among ourselves, especially in the areas of politics, ideologies and the like. The environment is getting more toxic. We need to learn anger management. As much as possible we have to avoid anger, because our tendency is to get angry at something not in a righteous way. Righteous anger is when we get angry not so much because we suffer as because

we are defending the rights of God and of others whom we love. It’s not because of us, but because of God and of others. When we have such righteous anger, our anger would be in proportion to its cause. It will never be just a spontaneous explosion. It comes as a result of a reflection of a particular situation in the context of faith and reason. It’s not purely an instinct, an emotion or passion. It will be both a human and Christian reaction, natural and supernatural. Like Christ, more often than not we just have to learn how to bear the suffering caused by the weaknesses, mistakes and sins ofthe others. With God’s grace, we can achieve this if we

view those occasions when we seem provoked to anger as occasions to grow in our love for God and for others. Like Christ who bore all our sins on the cross, we have to learn the virtues of patience and magnanimity so we can remain meek and at peace in those moments of provocation. We have to know how to have a good grip of our emotions that can lead us to angry thoughts, words and deeds. As much as possible, we should try to avoid feeling indignant, resentful and vengeful or getting sullen and hateful. If we know how to relate ourselves to God through our prayers and sacrifices, through the cultivation of virtues, through the recourse of the

HINTS

and

Traces

Fr. Roy Cimagala sacraments, and the practice of ascetical struggle, we would also know how to avoid falling into the different forms of anger. We can manage to remain at peace and unperturbed. More than that, we can manage to pray for those cimagala/PAGE 10

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CorporateWorld

Aboitiz, SN Power look to expand in Southeast Asia

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BOITIZ POWER Corp. is partnering with Norway’s SN Power AS for potential hydropower projects in Myanmar and Indonesia as the company expands outside the Philippines for opportunities in power generation, its president said. “We’re partnering with our partner in Magat, with SN Power, in Myanmar and Indonesia,” Antonio R. Moraza, AboitizPower president and chief operating officer, told reporters on Wednesday. “We’re still looking at hydro potential

in Indonesia and now we’re looking at Myanmar too.” Indonesia is the first Asian country that AboitizPower has focused on, as it had entered into an agreement with SN Power and PT Energi Infranusantara in September 2015 to participate in the feasibility studies for the exploration and development of a potential 127-megawatt (MW) hydropower generation project along the Lariang River in Central Sulawesi, Indonesia. A wholly owned unit Singapore-based AboitizPower International Pte. Ltd. had entered into an

agreement with PT Medco Power Indonesia to explore a potential a two-unit 55MW greenfield geothermal plant in East Java Province, Indonesia. But on Jan. 31, 2017, after reviewing its overall capital commitments, AboitizPower decided to exit from the geothermal exploration and development project and allow PT Medco to proceed with the project. “We’re looking. We’re studying. We’re looking at the permits. So it’s progressing. Hydro development is long gestation -- seven, eight, nine years,” he said. “So that’s

definitely patient money.” Mr. Moraza said the company was looking at a large hydropower project in Myanmar that runs “several hundreds” in megawatts. The projects in the two countries will have large water impounding facilities, he added. “In Indonesia, it’s huge. Indonesia has the potential of 400 or 500 MW if you cascade it,” he said. “We’re still looking. The size is yet to be determined exactly.” Mr. Moraza said the company was focusing on hydro projects because of SN Power’s expertise in the

COWD’s Production Well No. 30 was commissioned earlier today right after its blessing. The facility, located at Biasong, Macasandig has a discharge capacity of 500 gallons per minute and can serve more than 2,700 households in the central service area. This brings to 27 the total no. of operational wells serving the water consumers of Cagayan de Oro. Two more wells, PW No. 31 in Camaman-an and PW No. 32 in Macapaya, are expected to be commissioned within the year. PHOTO SUPPLIED

BOC suspends Mighty Corp’s import accreditation THE Bureau of Customs ordered on Tuesday the preventive suspension of the import accreditation of cigarette manufacturer Mighty Corporation for alleged violation of customs regulations. In a statement issued Wednesday, the bureau said the suspension was based on Mighty’s previous customs violations and raids of the

company’s warehouses in Zamboanga City, General Santos City, and San Simon town in Pampanga province that yielded more than P2 billion worth of counterfeit cigarettes. “C o n s e q u e n t l y, t h e initiative will provide the government an unhampered venue for investigation, and free it from any collateral issues and concern,” said

BOC Bureau Action Team Against Smugglers Executive Director Alvin Ebreo. A preventive suspension order had been issued in 2014 against Mighty by then Customs Commissioner John Sevilla for infraction of customs bonded warehouse privileges, Ebreo said. Also, the BOC said that the Fiscal Intelligence Unit of the Department of Finance

reported that Mighty had an undervaluation of the importation of its cigarettemanufacturing materials amounting to P163,117,995. B O C C om m i s s i on e r Nicanor Faeldon said the order against Mighty “is also in the light of the Bureau’s mandate to prevent smuggling and other cases of customs fraud detrimental to the government interest.”

Lackluster prices drag Nickel Asia income lower LISTED Nickel Asia Corp. reported a 3.43% decline in profit in 2016, dragged by lackluster nickel ore prices and deferred shipments of ore due to unfavorable weather conditions. In a regulatory filing, the country’s top nickel supplier said its attributable net income -- net of minority interests -- in 2016 reached

P1.97 billion, lower than 2015’s P2.04 billion. EBITDA (earnings before interest, tax, depreciation and amortization) amounted to P5.69 billion, 12.60% lower than the P6.51 billion in the prior year. The 2016 profit includes a P413.7-million equity loss re corde d f rom its investments in both Taganito

HPAL Nickel Corporation (THPAL) and Coral Bay Nickel Corporation, lower compared to the P811.4million loss in 2015. This was the result of reduced operating costs at THPAL, and after Nickel Asia cut its stake in the said plant last October 2016 to 10% from the previous 22.5% . “The profitability of the

two HPAL plants continues t o b e af fe c t e d by l ow nickel prices that prevailed throughout the year,” Nickel Asia added. O n o p e r at i o n s , t h e company sold a total of 19.3 million wet metric tons (WMT) of nickel ore in 2016 versus 2015’s 19.7 million WMT. lower/PAGE 10

technology. “They have over 15,000 MW of hydro in Norway. So these guys really know what they’re doing,” he said. SN Power and Ab oit i z Pow e r u n it A P Renewables, Inc. teamed up to form SN Aboitiz Power-Magat, Inc., the joint venture that won the bid in December 2006 for the 360MW Magat hydroelectric power plant, which was previously under state agency Power Sector Assets and Liabilities Management Corp.

The Magat plant, which is at the border of Ramon, Isabela province and Alfonso Lista, Ifugao in northern Luzon, was completed in 1983. Mr. Moraza said the company was always on the lookout for potential power projects although he had not come across any geothermal ventures after the company lost in the bidding for Chevron Corp.’s assets in the Philippines and Indonesia. “But our experience with geothermal... I think we’ve expand/PAGE 10

Primavera Residences March Promo Offers P150,000 Savings This month of the year, Primavera Residences offers a SUPER INVESTMENT MADNESS. March buyers will enjoy a total of P150,000 savings inclusion of Kitchen Showcase of up to P100,000 and Free Property Management Contract with Damiani, Primavera’s leasing partner, of as much as P50,000. “At Italpinas, we offer our clients the best of condominium living, providing them with first class units and facilities. Other than that, we make sure to offer them practical deals to give them more chances to move in or invest in the first eco-friendly and multi-awarded condominium in the city,” said Gladys Echano, IDC Sales Director. About Damiani Italpinas Development Corporation (IDC), the multi-awarded builder in Cagayan de Oro, is partnered with an ItalianFilipino leasing company, Damiani Property Management and Services, Inc. (DPMSi). This partnership makes IDC’s projects like Primavera Residences a practical investment for you. Experience a hasslefree investment with Damiani’s professional skills in property management and leasing services. About Primavera Residences Primavera Residences, the country’s multiawarded green mixeduse development, provides you with a sustainable and peaceful living experience that guarantees to make your life easier and comfortable. As it is situated in the heart of

the city, you have easy access to nearby places such as SM City, schools, convenience stores, churches, world-class golf course, banks, among others. Its 10-storey twintower building is located at Pueblo de Oro Business Park offering residential, commercial and office spaces for sale and for rent. You can choose from onebedroom and twobedroom units - all ready for occupancy. About IDC Italpinas Development Corporation (IDC) is a publicly listed green developer that is recognized in the national and global arena for its commitment to green living and architectural design. It was among the winners in the prestigious Asia Pacific Property Awards in the 2014 Asia Pacific regional competition as the Best Mixed-Use Development in the Philippines. It has been awarded also as the Best Condo Development in the Philippines in 2011 (Southeast Asia Property Awards) and a finalist in the Most Promising Energy Investment Opportunity of the Year (CTI PFAN Philippines Clean Energy Investor Forum). Primavera Residences was also given the distinction as the First Completed Condominium Project in East Asia to be given the EDGE (Excellence in Design For Greater Efficiencies) Certificate, awarded by IFC World Bank. MOVE IN NOW! Call now at 917-7921078 or (088) 8805002 or visit www. primaveraresidences. com.

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New CDONHS Junior High campus inaugurated Story and Photos by MARK FRANCISCO

FOR the first time since 1968, junior high students of Cagayan de Oro National High School will leave behind their old campus and aging schoolbuildings at 8th-2nd Street this June to their new home – a sprawling

one-hectare campus still in barangay Nazareth, this time at 12th-28th Street. This, after a four-storey mini-quadrangle shape of schoolbuilding that spans dozens of meters long was inaugurated by the city

government on Wednesday. The structure, which houses a total of 80 classrooms, is just enough to contain the 4,100 students who are expected to enrol in the school. Construction of the edifice began exactly two years ago in March 2015 coursed through funds from the Local School

Board worth a total of P120 million. With the operation of the new schoolbuilding next academic year, Mayor Oscar Moreno is hoping that it will become an Education Center for Northern Mindanao junior high students. Cagayan de Oro National High School is a bedrock of educational achievements, the latest of which was capturing the high school category of A B S - C B N R e g i on a l Newscasting Competition 2017 a week ago. The city government bought the one-hectare property in 12th-28th Street from its previous owner, Lydia Uy, in 2015. “This is the biggest school in the division of Cagayan de Oro and the city’s pride. This will redefine the future of our students. What we are doing now is dedicated to the young men and women in our city in order to mold a culture of leadership and of excellence,” Moreno said.

HOW TO BE A GOOD READER By Rosalia C. Flores

Many people enjoy reading as a way to relax and enrich their minds. Reading is also an increasingly critical skill to learn and develop to be successful in school and in the professional world. By gathering the right materials, employing a few strategies to increase your skills and maintaining positive attitude you can improve reading or help a child better reader. In improving your skill start a

comfortable reading level. If you attempt material that is too challenging you are more likely to be discouraged. While challenging yourself ,read more advance level that is wonderful and enjoyable to you so that you will not feel bored. Expand your vocabulary. Building greater vocabulary make your reading easier. The more word you are exposed your vocabulary grow. Practice reading

everyday makes you perfect. The more time you spend in reading – it will develop more intensive vocabulary and comprehensive reading. This improved their ability to take in knowledge more generally. Reading word out loud alone or to someone can improve how you read and spell. Read materials that interest you more likely to commit to reading when it is an enjoyable and engaging experience. You must create

a reading environment. The more you associate reading with comfort and relaxation, the more likely you are to continue developing your reading skills. Find quiet place to read that you are not disturbed and make reading a social experience with you friends, family and relatives and share it with others by teaching them and that you continue your ability or skills in reading especially among our students.

All set for Smart Condominium’s April 21 turnover By MARK FRANCISCO

E V E RY T H I N G i s s e t when Yega Development Corporation finally turns over the keys to satisfied and happy unit owners in Smart Condominium on April 21. Conveniently located along Masterson Ave. in Cagayan de Oro City, Smart Condominium is a state-ofthe-art residence using the latest in home automation and proven technologies for your ultimate comfort and convenience. Its amenities include a sky garden and a swimming pool located at the penthouse level for your rest and leisure needs.

But the most prominent of its features is its individual unit locks. Every unit is packed with full automated f ire alar m and control systems, key card access to floor levels and biometrics/ RF IDs to individual condo units to ensure your safety and security. Other boastful features include its flood-free and milder temperatures location, accelerated price appreciation and substantial rental revenue, full HD cable television capabilities, fiber optic capability for high speed Internet and more. turnover/PAGE 10

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Banking&Finance Dominguez underscores ‘urgency’ of tax reform thu-fri|March 16-17, 2017

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INANCE Secretary Carlos G. Dominguez III is hopeful that lawmakers would realize the urgency of the Duterte administration’s first tax reform proposal to support the government’s ambitious economic agenda. Following the House ways and means committee’s decision to “approve in principle” the first phase of the Comprehensive Tax Reform Package (CTRP), Dominguez said that Congress is now a step closer to help the administration’s ambitious agenda to sustain the high-growth momentum. “[We] hope that the other members of the House of the Representatives as well as the senators would similarly see the urgency of passing this tax reform package in full, possibly by the middle of this year,” Dominguez said in a statement. On Tuesday, the House

committee on ways and means voted in its eight public hearing on the CTRP to “approve in principle” the tax reform as a package and not on a piecemeal basis. The committe e a ls o decided to create a Technical Working Group (TWG) that would draw up a substitute bill that will consolidate the proposed reforms of the Department of Finance (DOF) with other tax-related proposals by the lawmakers. Approving the bill in principle means that the measure would be tackled as a package, rather than per individual tax proposal which ensures that the CTRP would be discussed by the TWG in its entirety. This also puts to rest concerns that the committee would only approve the bill’s popular provisions, which is the lowering of the personal income tax (PIT) rates, without the corresponding

measures that would enable the government to raise funds for its ambitious public investment program. The Duterte administration’s tax reform proposal is outlined in House Bill 4774, which aims to lower PIT rates while providing revenue enhancing measures which, among others, seek to reform the excise tax system for fuel and automobiles and broaden the value added tax (VAT) base. The TWG, which will include members of the House ways and means committee and the DOF, will discuss pending concerns by stakeholders about HB 4774 and consolidate all other bills related to the measure. “Package One of the CTRP, as contained in HB 4774, is the launching pad for the Duterte administration’s 10-point socioeconomic

agenda that aims to transform the Philippines into an upper middle-income economy by the time the President steps aside in 2022,” Dominguez said. This developed as President Duterte stressed in an interview the importance for the Congress to pass the CTRP in full so the government could raise enough funds for its priority programs. The President said he is willing to spend his political capital on getting congressional support behind the CTRP as proposed by the DOF, as this would benefit the people by way of programs and projects. Duterte said that he had precisely called Senate President Aquilino Pimentel III and Speaker Pantaleon Alvarez to a meeting in which Secretary Dominguez had explained to them the importance of the CTRP.

PNB posts higher net earnings PHILIPPINE National Bank (PNB) recorded a doubledigit growth in its bottom line last year on the back of the continued expansion of its core businesses. T h e L u c i o C . Ta n led lender booked a cons olidate d net prof it of P7.2 billion in 2016, higher by 14% from the 2 0 1 5 ’s P 6 . 3 bi l l i on ne t income, primarily due to the continued improvement of the bank’s earnings from its core business. “ P N B ’s h e a l t h y financials is the result of our continuing efforts to enhance our core business,” PNB President Reynaldo A. Maclang was quoted as saying in a statement e-mailed to reporters on Tuesday. “A robust loans business and strong trading gains contributed to the bank’s s u s t ai n e d g row t h . T h e bank’s various business sectors played key roles in helping PNB keep its p o s it i on a s on e of t h e c o u n t r y ’s t o p p r i v a t e universal banks,” he added. The listed lender’s net interest income reached P19.6 billion at end-2016, up 11% from the P17.7 billion earned the previous year, making up almost two-thirds of the bank’s total operating income of P31.2 billion last year. “ T h e b a n k’s s t r o n g performance during the year was also attributed to the double-digit growth in its non-interest income. Tr a d i n g a n d f o r e i g n exchange gains registered a 61% increase year on year, as the bank benefited from growth in transaction volu m e s an d f avor abl e

market conditions,” PNB said in the statement. “Higher miscellaneous i nc ome aug mente d t he bank’s revenues primarily from a one-time gain from the sale of the bank’s 51% stake in its life insurance subsidiary,” it said. P N B ’ s loan-todeposit r at i o s l i d to 73% in 2016 from the 74% seen in 2015 after its loans and receivables s t o o d at P428 billion last year, 17% h i g h e r from the

previous year’s P366 billion. Broken down, its corporate lending activities rose 16% while its commercial loans soared by 25%. Its consumer loans also grew by 10%. This, even as total deposits increased to P570.5 billion by end-2016, jumping by 17% from the previous y e a r ’s P485.9 billion, driven by its higher low-cost deposits t h a t account for more t h an 5 0 % of its total deposits. “ E v e n

as lending activities accelerated, the bank’s asset qu a l it y re m ai n e d s ol i d a s t h e n on - p e r for m i ng loan (NPL) ratios declined further to 0.18% (net of valuation reser ves) and 2.3% (at gross) from 0.25% an d 2 . 6 % , re s p e c t i v e l y in December 2015. NPL coverage is now at 1 3 3 % ,” P N B E x e c u t i v e Vice-President and Chief Financial Officer Nelson C. Reyes said in a statement. “With a capital adequacy ratio of 16.7% and a c om m on e qu it y Ti e r 1 ratio of 15.8% which are well-above the minimum regulatory requirements, PNB’s consolidated capital position remained strongly positioned to take on growth opportunities as well as withstand external shocks.”

NEVER STOP LEARNING By Rosalia C. Flores

No matter your age, the time to stop learning is never. Your awesome future depends on your continuing to educate yourself. Every day is a new adventure, indeed age is no matter when it comes to learning. There were adults that continued to study together with their children in order to learn for they were not able to do it before. But to learn one has the ability to think and regrettably many have lost this crucial skills. Mo dern elec tronics gadgets, the internet and the 21st century marvels have conditioned us not to t h i n k any more for ourselves. Everything is at

the push of button, meaning that we need less brain power to accomplish tasks after all television, movies, internet do one thinking for us. Many of this passive technologies and forms of entertainment causes one’s mind to disengage from reality which reduces our needs to think for ourselves. If we stop exercising our mental skills we do not just forget them. The brain map space for those skills is turned over to the skills we practice instead. But we are now improving fast and adapt the new modern technolog y to compete globally. An overall benefits of

learning is that it allows the expansion of the mind incre as ed p ersp ec tive. It Changes us. Another benefit it allows us to become more well- rounded individual. A well-rounded individual can be defined as fully develop and balanced. Becoming well-rounded is a matter of activating the brain reading and writing, composing poetry or music, conversing and asking question, deliberate and deep thinking. All these behaviors stimulate the brain because they are creative in nature. Continuing to learn can a ls o help you to st ay younger.

When you’re in Davao City, Read:

HOTELS & RESORTS DIRECTORIES

VILLA MARGARITA HOTEL J. P Laurel Avenue, Bajada, Davao City, Philippines Tel. No.: (082) 221-5674 / Fax No. (082) 226-2968 MICROTEL 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

BusinessWeek MINDANAO www.businessweekmindanao.com

Feature

Thu-Fri | March 16-17, 2017

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Sikat ka Higala By SHERYL MACALE Amidst the country's toughest crimes, corruption and the relentless killings our nation has become a headline on the international news with a stigma of tyranny and violence. The pool of human rights advocates are swooning to get an evidence solid enough to destroy the Presidents credibility. While his administration is standing and the insurgency uprising every soldier that lies at his funeral and every police dead in each bust they are being fed to the criminals and they are not sure if they return alive. He has sworn to change the country by extreme measure to stop the Philippines becoming a narco state. In fact he

has given the order to the security forces a shoot to kill orders. And encourage even the ordinary citizens to kill suspects and return the death penalty bill by hanging. In his attempt to rally on Federalism giving a centralized government creating states to have large degree of Autonomy and that they will be able to keep their internal revenues. ut we all know we will have to rewrite a new constitution. He also plan to end rebellion and has initiated and had declared a unilateral ceasefire when assumed office. But rebellion did not end as they demanded 400 of the political prisoners released. Last feb.1 an attack happened 3 soldiers were

attacked killing them with 76 gunshots. When he first visited the wake and seeing the brutality of the attack he lifted the ceasefire and declared war against the CCP-NPA. Just lately with the war on going 2 soldiers dead leaving 11 wounded under 30th IB in Caraga and 58IB in Claveria. I had the opportunity to interview him with the insurgency uprising and what are his plans and the rape and plunder lifted and exempted from the death penalty bill. He expressed his disappointment stating that it pains him seeing these soldiers die in every encounter with the rebels retaliation not surrendering not giving peace chance. He

had sworn that he will do in all of his power to end graft and corruption. And swore to kill every NPA alive by bombing and end with no account of remorse and even the drug lords to kill them with no piece of conscience. We will only hope that one day what the President claims to achieve we will have that peace we had longed so long even the history has not change the name of this people. If the history be written again it should not been a painful event seeing too many lives have died for the bitter word ideology. We need to respect the President and we all need to respect his commitment to his people. To the President I salute you.

BSP AND 17 BANKS LAUNCH SPECIAL KIDDIE AND TEEN SAVINGS PROGRAM In a ceremony held on March 7, 2017 at the Bangko Sentral ng Pilipinas (BSP), Manila, BSP Governor Amando Tetangco, Jr., Bankers Association of the Philippines (BAP) and BDO Unibank, Inc. President Nestor Tan and Bank Marketing Association of the Philippines (BMAP) President Mary Ann Ducanes led the MOA signing of a special Kiddie and Teen Savings Program to broaden the campaign to develop the habit of saving regularly. Under the program, 17 participating banks are encouraging young Filipinos up to 19 years old to open and maintain savings accounts with a minimum deposit of one hundred pesos (P100.00) and no maintaining balance required. Gov. Tetangco thanked the banks for offering child-friendly savings accounts to help develop good money habits among Filipinos. Present at the event were, seated, from left: BPI Family Savings Bank President Natividad Alejo, DBP President and CEO Cecilia Borromeo, Maybank EVP and CFO Hazli Abu Samah, BMAP President Ducanes, Gov. Tetangco, PNB President and CEO Reynaldo Maclang, RCBC President and CEO Gil Buenaventura, RCBC Savings Bank President and CEO Rommel Latinazo and Sterling Bank of Asia President and CEO Cecilio San Pedro. Standing are, from left: BMAP Director for Financial Inclusion and East West VP Allan John Tumbaga, China Bank Savings Branch Banking Group Head Lani Larion, EastWest Bank SEVP Gerardo Susmerano, Metrobank Branch Banking Group Head Lita Tan, UCPB President and CEO Higinio Macadaeg, Jr., BAP and BDO Unibank, Inc. President and CEO

Nestor Tan, BSP Deputy Governor Nestor Espenilla, Jr., UCPB Savings Bank President and CEO Angel Mojica, Security Bank EVP Leslie Cham, and Philippine Veterans

Bank VP Miguel Angelo Villa-Real. Also present were children from the Shepherd of the Hills Children Foundation and the Aurora A. Quezon Elementary School in Manila.

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thursday|March 16, 2017

Get Your Tickets to Lea Salonga’s Star-Studded Concert with the Next Disney Princess Everyone knows Lea Salonga as the Disney Legend who provided the vocals of Disney Princesses Jasmine and Fa Mulan in Aladdin and Mulan. Apart from her work with the Walt Disney Company,

she has stunned audiences worldwide for her Tony Awardwinning runs in Broadway and the West End for her role as Kim in Miss Saigon, and both Eponine and Fantine in Les Miserables.

Now, the legend is crowning a new Disney Princess at the upcoming Disney Princess: I Dare to Dream gala concert! The concert is the finale of Globe Studios’ I Dare to Dream, a first-of-its-kind, digital reality series in collaboration with Disney and Maker Studios, that will search for the next Disney Princess from a group of six young girls. Salonga will award the winner during the event, and will headline the concert featuring Disney classics. “Globe has always committed itself to creating original digital content to complement the brand’s fast internet speeds, and the rapidly-changing ways Filipinos are consuming entertainment,” says Executive Producer and Globe Retail Transformation and Stores Management Advisor Joe Caliro. “But we feel an initiative of this magnitude shouldn’t end digitally. We want to end it with a bang, with a live concert featuring Lea Salonga and the country’s best singers.” Apart from Salonga, the

star-studded concert will also performances with Christian Bautista, KC Concepcion, Erik Santos, Julie Ann San Jose, Sam Concepcion, Morissette Amon, Aicelle Santos, Tippy Dos Santos, and Janina Vela. I Dare to Dream is inspired by Disney Princesses, whose stories have moved both children and adults throughout the years. For the show, Globe Studios handpicked six young girls out of hundreds who auditioned, whose personalities and values reflect that of Disney princesses. The six girls will stay in one house and undergo fun challenges while enjoying a mentorship program. The six selected girls are Sirach Catipay, an aspiring chef who wants to share the world’s cuisines with the Filipino people; Stephanie Jordan, a singing competition contestant who wants to enter the world of hosting; Hyacinth Leonado, who dreams of becoming a Broadway singer and actress; Jaden Narvios, who wants to be the president of the Philippines;

DSWD releases rice subsidy for 4Ps grantees The Department of Social Welfare and Development (DSWD) has started to release rice subsidy in the form of cash amounting to P600.00 a month to the beneficiaries of the Pantawid Pamilyang Pilipino Program (4Ps) this month. A rou n d 4 . 4 m i l l i on households are expected to receive the additional grant in the country. Of t his numb er, Nor t her n Mindanao has 270,451 active beneficiaries under the regular Conditional Cash Transfer (CCT) program and the Modified CCT. “Following the directive of President Rodrigo R. Duterte during his first State of the Nation Address (SONA) in June 2016, the rice subsidy hopes to address the hunger problem that the poor households continue to battle. The President wants

that the poor households are able to eat everyday” said DSWD Secretary Judy Taguiwalo. Sec. Taguiwalo also added that only households who are active and compliant with the program conditionalities are entitled to receive the additional P600.00. Pantawid Pamilya is a social protection program of the national government. It invests in the health and education of poor households primarily of children aged 18 and below. Households shall receive their cash grant provided that they comply with the program conditionalities. These conditions include school attendance of at least 85% per month for children enrolled in the elementary or high school. Children aged 5 and below would

need to undergo preventive check-up as mandated by the Department of Health ( D o H ) , w h i l e ch i l d re n enrolled in the elementary must receive deworming pi l l s t w i c e w it h i n t h e school year. On the other hand, pregnant women must receive pre and post natal care based on DOH’s protocol. Lastly, parent/s or guardians are required to attend the monthly Family Development Session (FDS). “We are hopeful that the additional cash grant will be used for its intended p u r p o s e . We w i l l u s e FDS to ensure that the beneficiaries are informed of the relevant provision on rice subsidy,” concluded by Sec. Taguiwalo. The addit iona l cash grant as Rice Assistance/ Subsidy is included as part of the P72,115,230.00 cash

grant budget approved for calendar year 2017. DSWD Field Office 10 Regional Director Nestor Briones Ramos explained that the subsidy is included in the cash grant that the households will receive every two months. Households who are active and compliant with either health or education conditionality are entitled to receive the additional subsidy, Director Ramos added. For complaints or queries you may send text to 09189122813 or 3456 following the syntax: DSWD ( s p a c e ) Na m e ( s p a c e ) message. You may also text or call us at 0995-3525131 or send us an email via 4psreklamo@gmail.com. You m ay a l s o me ss age us at fb.me/Tanggapan. ng.Reklamo

THE ESSENCE OF PRAYER By Rosalia C. Flores

It has been emphasized in the Holy Book Of Scriptures that the Holy Act of Prayer, there is a manifestation of the Holy Spirit working both in us and within us and this appears clearly from the apostolic word “ likewise the Spirit help our infirmities for we know not what to say”. To really understand the heart of God we need to pray. In John 15:15, Jesus says, He no longer calls us the servant of God but He

calls us His friends. Talking with God develops a deeper relationship with Him. For follower of Jesus Christ prayer is the best way to communication with God. Prayer is the vehicle for daily dialogue with One who created us. The importance of daily communication through prayers cannot b e o v e r e s t i m a t e d . It is important that it is mentioned 250 times in Scripture. So, why is daily

prayer important? F i r s t , It g i v e s u s opportunity to share all aspect of our lives with God. Second, daily prayer gives us the chance to express gratitude for the things He provided. Third, daily prayer provide the flat form for confessing our sins and asking for help in overcoming those sins. Fourth, prayer is an act of worship and obedience and finally daily prayer is

a way to acknowledge who is really in control of our lives. Prayer is something that we should want to do a daily basis, yet for many Christians it can be a challenge to humble one’s self in daily prayer. Daily prayer with God is daily fellowship with our Heavenly Father. Prayer is a good way to understand this incredible truth and the marvelous privilege God has given us.

Liana San Diego, who wants to be a veterinarian; and Alexi Tan, who dreams of becoming an animator. The girls will be mentored by Ms. Salonga, along with experts in the respective fields the girls dream of entering: chef Jessie Sincioco, YouTuber and host Charisma Star, theater actress Menchu Lauchengco-Yulo, social educator Efren Peñaflorida, veterinarian Dr. Nielsen Donato, and animator Tito Romero. The girls will be joined by vlogger Janina Vela, who will serve as the guiding elder sister. “I Dare to Dream hopes to inspire girls that there are other young ladies like them, who do not necessarily fit in any of society’s molds,” ends Caliro. “It hope to show that one day, you can share the stage with someone like Lea Salonga and turn your dreams into a reality.”

The winner will also have the chance to take the trip of a lifetime: to walk the red carpet premiere of the upcoming liveaction adaptation of Beauty and the Beast in Tokyo, Japan. The I Dare to Dream concert will be held on March 22, 2017 at the SM MOA Arena. Tickets are available for purchase at www.smtickets.com. You can fully experience the magic of Disney Princess: I Dare To Dream on www.idaretodream. ph. All Globe Prepaid, TM, Postpaid, and Globe At Home customers can avail of 10% discount on the tickets. Text GLOBEIDTD to 2363 to get the code. All Disney 129 & 299 customers will automatically receive a unique code from Globe to avail a 15% discount on the ‘I Dare To Dream’ concert tickets. Promo period is until March 19.

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thursday|March 16, 2017

RDC-X ExCom endorses NorMin priority programs, projects for 2018

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AGAYAN DE ORO CITY --- To attain inclusive growth, high-trust society and globally competitive economy, the Regional Development Council Executive Committee (RDC-X ExCom) endorsed priority programs and projects (PAPs) for implementation in 2018 during its 106th meeting on March 13, 2017 in Cagayan de Oro City. Presided-over by RDC-X Chair and Bukidnon Governor Jose Maria R. Zubiri, Jr., a total of P129.317 billion is proposed to implement programs and projects of 28 national government agencies (NGAs) and five state universities and colleges (SUCs). In his message, Governor Zubiri said, “The RDC shall push for heavy investments in infrastructure and human capital and pursue sustainable livelihoods to bring down poverty and eliminate social unrest.”

RDC-X Vice-Chair and NEDA-X Director Leon M. Dacanay, Jr. presented the regional development imperatives for the FY 2018 budget review to ensure that programs and projects are aligned with the region’s vision of becoming gateway and industrial core and trade center in Southern Philippines, and the country’s long-term vision or Ambisyon Natin 2040 of having a “matatag, maginhawa at panatag na buhay para sa lahat.” Budget allocation for the Social Sector was highest (53%) amounting to P68.889 billion for seven NGAs (CHED, DepEd, DOH, DSWD, NCIP, NHA, and TESDA) and five SUCs (BSU, CMU, CPSC, NMSC, and USTP). The Infrastructure Sector followed with PhP51.537 billion (39.9%) for 10 NGAs (DPWH, CAAP, LTO, PPA-PMOs of Lanao del Norte/Iligan, Misamis Occidental/Ozamiz, and Misamis Oriental/ Cagayan de Oro,

MARINA, DICT, NTC and NIA); Economic Sector, PhP 8.452 billion (6.5%) for nine NGAs (DA, BFAR, DAR, DENR, EMB, MGB, DOT, DTI, and DOST); and the Macro Sector, PhP 439.400 million (0.3%), for DILG and DOLE. The budget proposals will also be presented to the RDC-X Advisory Committee (composed of Region X congressional representatives and RDC-X officials) on March 23, 2017 and to the President and his Cabinet on April 27, 2017 to ensure that these proposals are funded. In the same meeting, the RDC-X ExCom also endorsed the following: 1) Inclusion of the Balo-i Plains Flood Control Project in the DPWH Priority Investment Program for 2017-2022; 2) Passage of House Bill No. 5948 and Senate Bill No. 2179 for a National Coastal Greenbelt Program; 3) Conduct of the Cities and Municipalities Competitiveness Index

(CMCI) 2017 Survey enjoining LGUs to participate and regional line agencies to provide support; and 4) Research and Development Agenda for Region X (2017-2022). It also approved the following proposals: 1.)Enjoining all NGAs of the Macro and Development

Administration Sector to participate in the budget review process beginning CY 2018; 2) Creation of a Regional Gender and Development Committee (RGADC) –Technical Working Group; 3) Creation of the Communication and Advocacy ProgramSubCommittee (CAP-

SC) for the Regional Development Plan (RDP) 2017-2022 and the Subsequent Plans; and 4) Participation of RDC-X Private Sector Representatives (PSR) and Secretariat to the 8th RDC PSR National Convention on June 2123, 2017 in Tagbilaran City, Bohol. (Peleta B. Abejo/NEDA-X /PIA-10)

Cimagala...

of increasing its generating capacity to 4,000 MW by 2020. It has a number of projects that will come on stream within the year such as the 69-MW Manolo Fortich hydro power plant in Bukidnon; the 8.5-MW Maris Canal hydro project in Isabela; 340-MW coal-fired in Cebu; the 400-MW expansion of a baseload plant in Quezon; and the 8.8-MW biomass power plant in Batangas. The company also has a stake in a 600-MW coal-fired plant being developed in Zambales, which is scheduled for commercial operation in 2019. In the Philippines, Mr. Moraza said the company’s u n it He d c or, In c . w a s studying two run-of-river hyd rop owe r proj e c t i n northern Philippines with a potential capacity of around 70 MW. He placed the cost of building a hydro project at $44 million, adding it would take around six years to complete this.

Of this, 7.4 million WMT was saprolite ore and 11.9 million WMT was limonite ore, which includes 7.6 million WMT delivered to both the Coral Bay and Taganito processing plants. In terms of price, the company realized an average of $4.39 per pound of payable nickel on its shipments of ore to the two HPAL plants in 2016, as compared to an average price of $5.36 per pound of payable nickel sold in 2015. For its export sales, Nickel Asia received an average price of $20.77 per WMT in 2016, lower than the $22.64 realized the prior year. On a combined basis, the average price received for sales of both saprolite and limonite ore in 2016 was $14.51 per WMT, 10% lower than the previous year. Nickel Asia President and CEO Gerard H. Brimo noted the nickel industry had been faced with very low nickel price for the second consecutive year, where prices even hit a 13-year low early in 2016. “Notwithstanding this and its effect on the profitability of the processing plants, the company managed to show positive results,” Mr. Brimo was quoted as saying. “We will continue to see more challenges in the coming year, brought about primarily by a partial reversal of Indonesia’s ore export ban and the uncertainty on how this will be implemented. Nonetheless, we have every expectation of continuing with profitable operations in 2017.”

from page 4

who may provoke us to anger. Yes, we can manage to love them and to consider them as God’s ways for us to grow in our spiritual life. Instead of following the law of Talion, i.e., eye for an eye, tooth for a tooth, we can manage to love the way Christ loves us,i.e., willing to bear and suffer for the sins of others. In this way, we become more and more like Christ whenever we are provoked to get angry. We need to learn the practical aspects of how to manage our tendency to get angry. This can mean learning how to control our reactions, how to refer things to God immediately and to ask for his help, how to say sorry, etc. roycimagala@gmail.com.

Turnover... from page 6

Already furnished, its modular kitchen and cabinetry is imported all the way from other countries. There’s also smart lighting system thanks to 100 percent LED lighting for common areas. Technology meant to serve you, Smart Condominium holds a total of 78 state-ofthe-art units. Indeed, Smart Condominium is worth your investment.

Expand... from page 5

come to realize that it’s riskier than we thought,” he said. AboitizPower’s expansion is largely prompted by its goal

Lower... from page 5

“The drop in shipment volumes was mainly the result of a delayed start of shipments from its Hinatuan and Cagdianao mines due to the prolonged rainy season and resulting sea swells in northeastern Mindanao, where the two mines are located, and a temporary reduction in the deliveries of limonite ore to the Taganito HPAL plant in the second quarter, while the plant was undergoing remedial work over a one-month period,” the firm said.

11

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thu-fri|March 16-17, 2017

Power... from page 1

cooperatives in Cagayan de Oro City last Tuesday to draft its initial proposal and general options for the establishment of an independent scheme totally separate from the PEMC’s spot market. PEMC and Amreco already had a falling out earlier after the former accused utilities in Mindanao of abandoning their financial obligations when the short-lived Interim Mindanao Electricity Market (IMEM) was still in place with PEMC president Melinda Ocampo herself doubting on the utilities’ capacity to pay the planned spot market. For his part, Dagooc denied that Amreco membercooperatives do not have the financial capability and even challenged PEMC to look into their financial records. The group boasts a total of 1.8 million consumers thoughout Mindanao Dagooc said Amreco itself is not totally opposed to WESM but said there are numerous technical provisions in the DOE draft circular which was issued last January which doesn’t apply to the Mindanao setting. “If after an evidencebased thorough review of the proposed WESM, it will be no-responsive to the problems and the objectives of getting least-cost supply from the market is not attainable, Amreco may propose a working alternative,” the lobbying organization stated in a March 14 release. Amreco representatives will meet again next week in Davao City to finalize their proposal and submit to DOE. For now though, DOE is busy securing approval from the Energy Regulatory C ommission (ERC) on the price determination methodology, scheduling, dispatching, pricing and metering in WESM.

Hydro... from page 1

companies have also started discussing with their Filipino counterparts the development of the Agus 3. “We hope these projects can be completed within the term of President Duterte,” he said, adding that the government is optimistic that the Chinese companies, which he declined to identify for now, “can firm up their plans so that the projects will be a go.” The Agus 3 has long been planned, but the government has not pursued it due to questions on the ownership of the land area that it will cover. The Agus-Pulangi

ERRATUM In connection with the NOTICE OF EXTRA JUDICIAL SALE, EJF File No. 2017-052 filed by BDO UNIBANK, INC., published last March 1, 8 & 15, 2017 the correct entry of petition name should be ARACELI B. LLOPEZ and not as published. Our Apology. BWM: March 17, 2017

hydroelectric complexes are currently run by the government through the National Power Corp.-Power Sector Assets and Liabilities Management Corp. (NPCPSALM), an agency borne out of the Electric Power Industry Reform Act (EPIRA) of 1991. NPC-PSALM is mandated to offload the government’s power assets to the private sector. The two power complexes, however, have yet to be privatized mainly due to strong opposition from Mindanao leaders, both in government and the business sector, as these plants provide che ap e r e ne rg y i n t he southern island compared with the rates in Luzon and the Visayas. Proposed laws to exempt the Agus and Pulangi from the EPIRA, and create the Mindanao Power Corp., a government entity that will take over the facilities, have remained pending in Congress. Mr. Montenegro said regardless of the fate of the existing facilities, they are pursuing the two additional plants to help achieve the 50-50 energy mix goal. Up until the late 1990s, the energy mix in Mindanao was about 90% in favor of rene wable energ y w it h the two hydro complexes providing most of the supply, but it has now tilted in favor of fossil fuels due to the reduced output from the ageing plants and with the opening of several new coalfired power plants beginning two years ago.

Tobacco... from page 1

15% share of the excise tax provided that “a province must have an average annual production of Virginia leaf tobacco in an amount not less than one million kilos.” In 2015, Misamis Oriental produced a total of 1.2 million kilos of Virginia Tobacco leaf. And since the share of the excise tax is released two years after, the province stands to receive P700 million this year from the P100.02 billion total excise tax collected in 2015. The entire province is benefitting from the tobaccogrowing of the Municipality of Claveria—the only town that plants Virginia Tobacco in the entire province. Gov. Yevgeny Vincente “Bambi” Emano expressed happiness upon learning that for the first time since Virginia Tobacco started in the province, Misamis Oriental

will finally get a share of the excise tax amounting to P700 million, a share that exceeded his expectation. Emano shared that he expected only about P200 million. However, it was not learned how much is the share of Claveria. But a source in the tobacco business said that Claveria’s share in the excise tax is P355 million. The same source said that in 2016, Claveria farmers produced 1.3 million kilos of Virginia Tobacco leaf. Thus, the province and municipality will again receive millions of pesos in 2018 as their share of the excise tax. “Lipay uyamot kita kay ang probinsya sa Misamis Oriental adunay madawat nga (gahin) gikan sa excise tax (We are very happy because we the province of Misamis Oriental has a share of the excise tax,” Emano said. RA 7171 specifically states the purpose for which the excise tax share can be used and utilized and that is “to advance the self-reliance of the tobacco farmers through (1) cooperative projects that will enhance better quality of products, increase productivity, guarantee the market and, as a whole, increase farmers’ income; (2) livelihood projects, particularly the development of alternative farming system to enhance farmers’ income; (3) agroindustrial projects that will enable tobacco farmers in the Virginia tobacco-producing provinces to be involved in the management and subsequent ownership of these projects such as post-harvest and secondary processing like cigarette manufacturing and by-product utilization; and (4) Infrastructure projects, such as farm-to-market roads.” Virginia Tobacco farming started in Claveria, Misamis Oriental when the tobacco and cigarette company PMFTC, Inc. started its experimental farm in Barangay Ane-i in 2012 covering just 10 hectares. Still, planting Virginia Tobacco was just an additional income-generating activity for the farmers. But when the company began commercial operation of its first “continuous production operations” in the fourth quarter of 2014, flue-cured tobacco leapfrogged as the main crop, with the number of farmers cultivating tobacco increasing from 113 to 670, and the area covered expanding from 58.27 hectares in 20122013 to 1,340 hectares as of July 2015. ANNEX “A”

IN RE: PETITION FOR THE GRANT OF NOTARIAL COMMISSION

SPL. PROC. NO. 21-529

ATTY. PEPITO C. CADAVOS Petitioner. X - - - - - - - - - - - - - - - - - - - // NOTICE OF HEARING Notice is hereby given that a summary hearing on the petition for the grant of notarial commission of Atty. Pepito G. Cadavos, shall be held on April 12, 2017, at the session hall of this Court — Regional Trial Court, Branch 21, Kapatagan, Lanao del Norte, at 8:30 o’clock in tin’ morning. Any person who has any cause or reason to object to the grant of the petition may file a verified written opposition thereto, received by the undersigned betbre the date of the summary hearing. (Sgd.) HON. ALBERTO P. QUINTO Acting Executive/Presiding Judge BWM: March 10, 17 & 24, 2017

“Tobacco planting has become a cash crop for the residents as they gained better income allowing them to send their children to college and improve their lives. It also provided employment opportunities to the community and nearby municipalities,” said Didet Santiago, PMFTC communications manager. The company also assures the farmers of a ready market at a fixed contracted price, farms inputs assistance, free transportation for the leaf harvest to the buying station, full technical assistance from planting to growing and harvesting, and training on good agricultural practices. PMFTC, Inc. strongly believes that Claveria, Misamis Oriental has a great potential for Virginia Tobacco growing. It is investing more than US$50 million (over P2.2 billion) in the municipality within a period of five to six years. T h e U S $ 5 0 m i l l i on investment would be used to build curing barns, provision of tobacco seedlings ready for planting by the farmers as well as technical support to farmers in the area. The company buys the fresh leaf of the farmers and do the curing at the Claveria facility.

Launches...

from page 1 t rade and pro duc t ivity between the Visayas and Mindanao. Movement of goods between these islands will also be facilitated as CEB cargo services are also available in these new routes,” Alexander G. Lao, Cebgo president and CEO, said in a statement.

Projects... from page 2

Agenda for Region X (20172022). It also approved the following proposals: 1.) Enjoining all NGAs of the Macro and Development Administration Sector to participate in the budget review process beginning CY 2018; 2) Creation of a Regional Gender and Development Committee ( R G A D C ) – Te c h n i c a l Working Group; 3) Creation of t he C ommunicat ion and Advocacy ProgramSubCommittee (CAP-SC) for the Regional Development Plan (RDP) 2017-2022 and the Subsequent Plans; and 4) Participation of RDC-X Private Sector Representatives (PSR) and Secretariat to the 8th RDC PSR National Convention on June 21-23, 2017 in Tagbilaran City, Bohol. (Peleta B. Abejo/ NEDA-X­/PIA-10)

Tourism... from page 2

tourist arrivals the region’s five provinces with roughly P3.7 billion in tourismrelated expenditures. A R M M To u r i s m S e c re t ar y Aye s h a Mangudadatu-Dilangalen said tourism is vital in economic development as it can provide direct jobs to the community. (APB/ PIA-10)

Hurst... from page 4

relationship with our Maker. Then, we can start living His successful and satisfying way. So today, won’t you ask Jesus to forgive you for living

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF AMENDED NOTICE OF EXTRA- JUDICIAL SALE EJF -2017-041 Upon extra — judicial petition for sale under Act 3135 as amended by Act 4118 filed by HOME DEVELOPMENT MUTUAL FUND ( PAGIBIG FUND) , as mortgagee against HADIYAH VALERIE L. BONITE , as mortgagor, to which the indebtedness as of January 4, 2017, amount of THREE HUNDRED SIXTY THOUSAND THREE HUNDRED TWENTY PESOS AND 03/100 ( 360,320.03) inclusive of interest and penalty charges, attorney’s fees and expenses of foreclosure, the undersigned will SELL TO PUBLIC Auction on APRIL 14, 2017 at 10:00 o’clock in the morning at the entrance door Regional Trial Court Branch-23,City Tourism Hall, Cagayan de Oro City, to the highest bidder for cash or manager’s checks and in Philippine Currency, the following described properties, to wit; TRANSFER CERTIFICATE TITLE NO. 137-2015000208 A PARCEL OF LAND ( Lot 74, BLK 8 OF THE SUBDIVISION PLAN, Psd-10-031036 , being a portion of Pcn-10-000226) . Situated in the Barangay Lumbia , City of Cagayan de Oro , Island of Mindanao. Containing an area of ONE HUNDRED TEN(110) sq. meters more or less. All sealed bids must be submitted to the undersigned on the above -stated date, time and place. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyers/bidders may investigate for themselves the title herein above-described and encumbrances thereon, if any there be.

Done this March 14, 2017 in the City of Cagayan de Oro, Philippines.

BWM: March 17, 24 & 31, 2017

(Sgd.) RICO A. REMALIG Sheriff IV

your own way? Then ask Him to start changing your heart and lifestyle. He’s the only One Who can finally fill your life with the pleasure and peace of mind you’ve been looking for. Jesus will give you real satisfaction that lasts, not just for a day or a night, but for the rest of your life. Just Think a Minute…

Batas... from page 4

spirits and things taught by demons. People will no longer listen to good teaching, and instead will gather around them a great number of teachers who only say what their itching ears want to hear, turning their ears away from the truth, and turn aside to myths. As they are growing up, they will be shying away from the Bible and even away from God all their lives. Now, since these people grew up without the Bible and without God, with whom did they be grow up? With God’s enemy, of course, which is the devil. Certainly, growing up with the devil could only mean allowing the devil, deliberately or otherwise, to take control of, and possess, one’s mind, body, and spirit. This is the reason why evil possession is prevalent in the Philippines nowadays. -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible Exposition and prayer session online, could now be heard 24/7 (24 hours a day), in the Philippines and the world at www. facebook.com/angtangingdaan. Phone: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@yahoo.com.

EXTRAJUDICIAL SETTLEMENT OF ESTATE Notice is hereby given that the intestate estate od deceased MERCEDES V. POBLETE died sometime on December 27, 2014 at Alubijid, Misamis Oriental, without last will and testament, and leaving a certain real property covered by TCT No. T-172244 of the Registry of Deeds of Cagayan de Oro City which is more particularly described as follows: A parcel of land (Lot 23-B, Psd-10-035615, being a portion of Lot 23, Block 1, (LRC) Psd-52342, situated in the Barrio of Patag, City of Cagayan de Oro, containing an area of Two Hundred Five (205) Square Meters; is the subject of EXTRAJUDICIAL SETTLEMENT OF ESTATE; This Deed, made and entered into this 28th day of February 2017 in the City of Cagayan de Oro, Philippines, executed by VILLAMOR VENTURA, of legal age, single, Filipino citizen, and a resident of Alubijid, Misamis Oriental, in his capacity as the sole legal heir of the deceased MERCEDES V. POBLETE; NOW, THEREFORE, for and in consideration of the premises, and invoking the provisions of Rule 74, Section 1, of the Rules of Court, the herein party do by these presents hereby extra judicially settled adjudicating entirely unto himself the above-mentioned real property, subject, however, to the liabilities imposed by Rule 74, Section 4, of the Rules of Court, in favor of any other possible heirs, creditors, and other persons who might be deprived of their lawful participation in the estate of the decedent, for a period of two years; Under Notary Public of Atty. ELEAZER S. BOYCILLO; Doc. No. 201; Page No. 41; Book No. 72; Series of 2017. BWM: Mar. 3, 10 & 17, 2017

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Thu-Fri | March 16-17, 2017

12

Isuzu 4x4 Action Playground starts today in Limketkai

C

ONQUER the 20 -foot thrill hill as Isuzu brings you the 4x4 Action Playground in Cagayan de Oro City starting today till the 19th at Limketkai Park ing Lot D. The public w ill enjoy free admission a lso ta k ing on t he slip roller, ar ticu lation ramp and 40-degree transverse angle ramp. And while you’re at it, get 30 percent discounts on a ll Isuzu-supplied par ts, lubes and accessories as well as 20 percent discounts on labor

By MARK FRANCISCO

from March 17 to April 30 t his year. Isuzu 4x4 Action Playground is expected to demonstrate t he superior of f-road driv ing capabilities of Isuzu’s fourwheel drive models t hrough a series of meta l obstacles t hat simu late of froad conditions like hills, ruts and mounds – a ll requiring a powerf u l engine, a robust transmission and a durable suspension. The event w ill highlight Isuzu’s unique superior features – its 4WD Terrain Command Select Dia l and

Hill Star t Assist. The 4WD Terrain Command Select Dia l a llows drivers to sw itch from t wo-wheel drive to four-wheel drive Low mode by simply turning a k nob. On t he f ly sw itching bet ween t wo-wheel and four-wheel drive High mode can be done even at speeds of up to 100kph. Low mode 4x4 can be selected at f ull stop to properly engage t he transmission. On t he ot her hand, Hill Star t Assist prevents vehicles from rolling back when star ting from a stop on t he incline.

Petron helps you prepare for your summer road trips

The summer holiday season is just around the corner, and market leader Petron Corporation can help you get your car ready for those summer road trips. While people invest a lot of time and energy planning their itinerary and arranging hotel bookings, they often forget that reaching their destination and coming

home safely is even more important. A visit to your nearest Petron Car Care Center or Petron service station can help make your holiday travels more fun and worry-free. Petron recommends an oil change if you are planning to go on a long-distance road trip. The engine is the heart of your vehicle, and

the right engine oil ensures its efficient operation by re ducing eng ine st ress and maintaining engine cleanliness. Petron’s range of world-class engine oils are the best match for its superior f u e l s w i t h Tr i - Ac t i o n Advantage. For gasoline engines, Petron Ultron is highly recommended to complement Petron Blaze

100, Petron XCS, and Petron Xtra Advance gasolines. For diesel engines, the best match for Petron Diesel Max and Petron Turbo Diesel fuels are Petron Rev-X diesel engine oils. Because motorcycle engines operate at higher speeds and higher power output, Petron has specially formulated its Petron Sprint 4T motorcycle

oils for greater thermal and oxidation stability. S o, whether you are driving a sedan, an SUV, a family van, or taking your motorcycle on your summer road trip, a visit to your favorite Petron service station should be an essential part of your pre-trip preparation. And while you’re there, you can

ask your friendly Petron ser vice crew for a Free BLOWBAG Safety Check which covers the Brakes, Lights, Oil, Water, Batteries, Air and Gas check. Make sure your holiday travels are fun-filled, safe, and hassle-free. Make a visit to your nearest Petron service station a part of your holiday preparations!