BusinessWeek M I N DA N A O CREDIBLE
Volume VIII, No. 128 As of 6:00 pm March 23, 2018 (friday)
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Briefly Industrial park BANAYBANAY, Davao Oriental – The Davao Oriental provincial government and its foreign partner Pionaire Finance Limited held a ceremonial ground breaking for the multi-billion industrial park in Banaybanay town, Davao Oriental Wednesday. The event followed the signing of a memorandum of agreement between Governor Nelson Dayanghirang and Pionaire President Bill Shen during the Davao Oriental Industrial Park Business Conference at the Marco Polo Hotel. Dayanghirang said the province hopes the proposed 1,500-hectare industrial zone would usher in socio-economic improvement to the province and its people. It is expected to draw investments and 20,000 local jobs.
IN-DEPTH
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Monday|March 26, 2018
cmyk
Lapasan Highway, Cagayan de Oro City
P15.00
By ANTONIO L. COLINA IV, MindaNews
AVAO City – Local government units must “think out of the box” in finding practical sources like the Public-Private Partnership (PPP) scheme for vital infrastructure projects that cannot be funded by government’s limited resources, Regional Development Council 11 chair and Davao del Norte Governor Anthony del Rosario said.
In his message read by Nat i on a l E c onom i c Development Authority 11 director Maria Lourdes Lim
during the launch of the PPP Knowledge Corner Tuesday, del Rosario said the LGUs infra/PAGE 11
KAAMULAN 2018. Performers choreograph a dance number during the annual Kaamulan, an ethnic festival in Bukidnon, in Malaybalay City on Saturday, March 24. mindanews photo by h . marcos c . mordeno
One Mindanao Expo DAVAO City -- President Rodrigo Duterte led the banging of the ceremonial gong during the recent two-day Mindanao-wide Organic and Natural Expo (ONE Mindanao). Joining the President as honored guest was Senator Cynthia Villar and officials from the Department of Agriculture led by Undersecretary Bernadette Romulo Puyat representing Agriculture Secretary Emmanuel Pinol. During the event the President took a peek of several products exhibited even taking a sip of the lemon grass water extract sold by Happy Farmer, a retail shop selling eco-friendly health foods sourced from across Mindanao.
Cagayan de Oro
Local govts told to tap PPP for infra projects www.businessweekmindanao.com
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UPBEAT ON MINDANAO. Noted economist Bernardo Villegas argues that the Mindanao economy is still peaking strong despite the enforcement of martial rule here. Villegas is the keynote speaker during the 2018 first quarter meeting last Friday of Oro Chamber, the largest business group in this part of the island. photo by mark francisco
Oro’s biz group pushes for COWD privatization By MARK FRANCISCO, Staff Writer
LEADERS of the largest business group in Northern Mindanao are pushing for the privatization of the city’s
lone water utility, the stateowned Cagayan de Oro Water District (COWD). Apparently galvanized
by the remarks of economist Bernardo Villegas, leaders of Oro Chamber predicted that the distribution of potable water in the city would be cowd/PAGE 11
Investors still upbeat on Mindanao: Sara Muslims seen as big markets By ANTONIO L. COLINA IV, MindaNews
D AVA O C i t y - - T h e “substantive international attention” given to Davao City and Mindanao paved the way for increased investment
inflows here, Mayor Sara Duterte said. In a message read by Davao City Investment Promotions upbeat/PAGE 11
for Halal beauty products C O M PA N I E S e n g a g e d in production of Halal beauty products, fashion and hospitality stand to
win market share over the next few years due largely to the increase in demand from especially the Muslim
population. Global trend authority, WGSN, underscored the markets/PAGE 11
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MinDA holds group discussion on federalism TO integrate the Mindanao Agenda in the proposed federal system, the Mindanao Development Authority held the Northern Mindanao Federalism Focus Group Discussion (FGD) to help different sectors map out i d e as and c onc e r ns to ensure that the aspirations of Mind anawons for a ‘sustainable improved quality of life’ is achieved in the discussions toward the shift to a federal form of government on March 15. Representatives from the Department of the Interior and Local Government (DILG), Department of Trade and Industry, Philippine Information Agency (PIA), Archdiocese of Cagayan de discussion/PAGE 11
Economy
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Lanao Sur, Maguindanao residents receive P25M agricultural assistance By JIGGER JERUSALEM, PNA
AT total of P25 million in agricultural assistance was given to residents in some areas of Lanao del Sur, including Marawi City, and Maguindanao who were affected by conflicts. Nearly 500,000 were displaced during the fivemonth siege of Marawi City and hundreds more were affected by atrocities committed by the Bangsamoro Islamic Freedom Fighters (BIFF) in Maguindanao. The aid—whose main objective is to boost local agricultural production— came from the Kingdom of Belgium and was coursed
through the United Nations’ Fo o d a n d A g r i c u l t u r e Organization (FAO), whose re pre s e nt at ive s v i s it e d Marawi on March 19 and 20. Ac c o r d i n g t o FAO, the assistance will benefit communities in Marawi City and outlying municipalities of L an a o d e l Su r an d Maguindanao, which are just starting to get back on their feet after conflicts destroyed much of their areas and livelihood. In a statement, FAO noted that the conflicts have taken a heavy toll on rural livelihoods and industries, as well as the food supply and
agribusiness value chain, on which smallholders depend for their daily subsistence. FAO said Belgium gave cash and was channeled through the FAO-SFERA
(Special Fund for Emergency and Rehabilitation Activities) to fund the purchase and distribution of rice, corn vegetable seeds, fertilizer, farming tools and broiler
chicken production packages to 4,949 farming families in Marawi, Lanao del Sur and Maguindanao. Among the recipients assistance/PAGE 11
1A Express Hotel – your ideal summer staycation IF you’re planning to spend a summer weekend in Cagayan de Oro City, then 1A Express Hotel is the ideal place to stay. Conveniently located along CM Recto Avenue, 1A Express Hotel is literally a stone’s throw away from three of the biggest shopping malls in this part of Mindanao. It is likewise a few meters from party nighthub Lifestyle District. Going solemn? The Archdiocesan Shrine of Nazarene is just across the street.
Their 22-squaremeter superior twin room is equipped with a 43-inch flatscreen cable TV, in-room safe, electronic key card access, minibar, multipurpose desk, spacious beds with premium mattress and linens, en suite bathroom, airconditioning, complimentary coffee, bottled water, toiletries, disposable slippers, closet with hangars and inclusive of two breakfasts for the two occupants. Of course, 1A Express Hotel offers family deluxe
and family suite, too. It has a handicapped room where doors are open in another direction with the switches, beds and hangars lowered. Such room is wider and has a different design. The function room at the hotel’s fourth level is perfect for exclusive company meetings, fora and intimate parties. A 24/7 convenience store is just around the premises. 1A Express Hotel can also be booked through Agoda, booking.com, Expedia and more. PR
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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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Robinsons buys Rustan’s grocery stores for P18-B T HE Gokongwei’s Robinsons Retail Holdings, Inc. (RRHI) is acquiring Rustan Supercenters Inc. (RSCI) from Pan-Asian retail giant Dairy Farm Group through a shareswap deal valued at P18 billion. In a disclosure to the Philippine Stock Exchange, RRHI said it has agreed to partner with Dairy Farm “to build a leading food retail business.” The respective Boards of Directors of RRHI and Mulgrave Corporation B.V (MCBV) approved the acquisition by RRHI of MCBV’s 100 percent stake in RSCI through
a share for share swap involving shares of RSCI in exchange for primary common shares of RRHI. RSCI operates food retail brands Marketplace by Rustan’s, Rustan’s Supermarket, Shopwise Hypermarket, Shopwise Express and Wellcome in the Philippines. MCBV is whollyowned member of Dairy Farm International Holdings, Ltd. Group of companies which is a unit of Hong Kong’s Jardine Matheson group. Aside from the share swap of new RRHI shares, the firm said “certain members of the Gokongwei family intend to sell some of their
shares which will result in t*he Gokongwei Family effectively owning 51 percent of the expanded capital of RRHI.” After the completion of the secondary sale tranche, Dairy Farm, through MCBV, will own 18.25 percent of RRHI. “Leveraging the combined strengths of RRHI and RSCI will lead to benefits to customers in terms of even better service, quality and value,” said RRHI. It added that, “this transaction is intended to be completed once the necessary approvals are obtained from the shareholders of RRHI, the Philippine Competition
Commission and the Securities and Exchange Commission.” MCBV had initially acquired a 50 percent stake in RSCI from the Tantoco family in 2012 before increasing this to 66 percent and, eventually, 100 percent. The Dairy Farm Group operates supermarkets, hypermarkets, health and beauty stores, convenience stores, home furnishing stores, and restaurants around Asia. The Group carries well-known brands like Wellcome, Giant, Cold Storage, Jason’s Marketplace and Maxim’s. It also operates 7-Eleven and Ikea stores in Asia.
Globe Telecom ties up with Shakey’s for mobile payment, toll-free delivery GLOBE Telecom Inc. has partnered with Shakey’s Pizza Asia Ventures Inc (SPAVI) for toll-free delivery calls and for the use of Globe’s in-store mobile payments and deliveries. Globe Business, the information and communication technology arm of Globe, and digital payment arm GCash partnered with the pizza chain to allow Globe customers to order toll-free nationwide
using #7777 through their mobile phones and landlines. “Both the #Hashtag and GCash Scan to Pay feature give guests of Shakey’s Philippines the power to use their mobile phones as a tool to make transactions easier and more convenient. Globe continuously strives to improve and create solutions that bridge business gaps and provide companies with the technology that will allow
them to empower and connect their customers,” Globe President and CEO Ernest L. Cu said in a statement. Shakey’s will also pilot-test GCash Scanto-Pay service in 11 branches, which can be done by April. These are: BGC Stopover, Market Market, Venice Grand Canal Mall, Loyola (Katipunan), Buendia, Valero, Glorietta, Park Square Makati, Makati Avenue, UPS (Shakey’s
WOW Center) and Magallanes. SPAVI President Jorge Maria Q. Concepcion said that they plan to expand the features nationwide. “The next [step] would be all companyowned stores from 11 now, to 116 stores,” Mr. Concepcion told reporters on the sidelines of the partnership launch. Other GCash partners include Ayala Malls and Robinsons Malls.
SSS head optimistic of hike in SSS contribution in 2018 SOCIAL Security System (SSS) President and CEO Emmanuel Dooc remains hopeful of an increase in the agency’s contribution this year. Dooc, in a press briefing Thursday, said a copy of the increase proposal has been submitted to Malacanang and they continue to regularly follow it up with the Department of Finance
(DOF). He said DOF officials continue to study the proposal, which is targeted to improve the state-run pension fund’s assets to be able to deliver more efficient services to its members. He said there is a slim chance that it can still be implemented in the first half of this year or around June although he is hoping that it
can be implemented in the second half. “The earlier, the bigger will be our collection,” he said. Under the proposal, contribution of members will be hiked from 11 percent to 14 percent to compensate for the increase in pension since 2017. SSS is also asking for the increase in the minimum salary credit from
PHP1,000 to PHP4,000 and the maximum cap from PHP16,000 to PHP20,000. These proposals are expected to bring in additional PHP45 billion in contribution revenues, which is projected to lengthen SSS’s fund life from 2032 to 2044. Dooc earlier express hope that the contribution hike can be implemented by April this year. (PNA)
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Pryce Plaza Hotel 8583131 Fax: 726687 Prawn House (088) 3095992 Fax: 8519219 Ridge View Chalet 8588946 / 8587946 Fax: 8588946 Seda Centrio Hotel 3238888 / 0917-577-5910 Southwinds Hotel 724803 / 8562036 Fax: 8562036 Stargate Dream Vacation Resort 8515003 / 8509999 The VIP Hotel 726080 / 8562505 Fax: 726441 RED PLANET 8800888/8801306 Travelers Pod 8518988 Uptown Condotel 8511800 Villa Paraiso Apartelle 3870419 Fax: 3870429 HONORARY MEMBERS: Dept. of Tourism 723696/726394 / 8564048 Fax: 723696 RESTAURANTS: Bigby’s Café 72-1071/857-5511/8575836 Fax: 711843 Café Laguna 8582999 Fax: 8567001 DM Villaruy Restaurant 733790 Golden Ajirang I 856-5271 Fax: 727876 Grand Caprice Restaurant 72-6955/856-2302 Fax: 72-4986
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Mapawa Natures Park 8584402 Fax: 725265 Mallberry Suites 8541999 / 7249999 Fax: 8544999 Maxandrea Hotel 8572244/729943 Fax: 724090 Miami Inn 8581901 to 02 Fax: 725279/728486 N Hotel (088) 8801924 Paras Beach Resort 8568563 Fax: 8568563 Philtown Hotel 726295 / 8564402 Fax: 723104
SLERS Ham & Café 8551438 Thai Me Up 738424/3108424 Fax: 738424 Barkadahan Grill 8551234 La Tegola Cucina Italiana 8585959 limketkai luxe hotel 8800000 Dear manok 8564914 / 8573413 LIMKETKAI LUXE HOTEL Landline: (088) 880-0000, Mobile: 0917-312-4563 Email: info@limketkailuxe.com
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Opinion
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ignacio bunye 25 years ago, with then Vice Mayor Jimmy Fresnedi, we started to search for and recognize the best and the brightest in the various secondar y schools in Muntinlupa City. Many of the Ten Most Outstanding Students (10MOST) are now brilliant doctors, lawyers, engineers, accountants and professionals, who not only shine in their chosen fields, but are the best in what they do. Even those who are still in the university are carving a name for themselves.
Oro Chamber
Your biggest bank account think a minute
jhan tiafau hurst Think a minute…Imagine that ever y morning somebody put $86,400 in your bank account. Then, every night whatever you didn’t spend that day was taken out of your account and thrown away. Wouldn’t you take out every cent of your $86,400 and spend it every day? So none of it would be wasted or thrown away. Did you know that you really have a bank account just like that one? It’s called TIME. Every morning our time bank gives you and me 86,400 seconds. Then, every night the time we did not use that day is gone. So we must use it all up or lose the time each day we do not spend well. You use it or lose it. Then what are the best bargains and deals in life which are worth our
valuable time? Would you like to know the two best investments of your time that will bring you real success and wealth in your life? The first smart investment of your time is people. Spend your time with your family. At the end of your life, you will never be sorry for the time you spent with your children, your wife or husband, your brothers and sisters, and your parents. We should also spend our time on the many people all around us each day to help make their lives happier. Spending your time on people gives you wealth and happiness that you can never lose The second, yet by far most important, investment of your time is to spend it with your own Maker. He is the Person Who Himself gives you every second you receive to keep living. You see, God didn’t just make us and then forget us. Quite the opposite! God created you to be His child and friend, so you can enjoy living every day with Him. That’s why God the Son came to show us what He’s like. He wants us to see the good life He designed for us to enjoy. account/PAGE 10
C omputer S cience and Engineering and Masters of Engineering in Computer Science at the Massachusetts Institute of Technology. His schoolmate, Lance Katigbak, 10MOST2011, studied BA Broadcast Communication at UP Diliman for two years before moving on to finish his degree at Harvard University. Juan Miguel Montes, 10MOST2001 from S outhridge, earned his Mathematical Finance degree and PhD from the Università degli Studi di Padova, one of Europe’s oldest and most prestigious universities. Raz de la Torre, 10MOST1997 from Zobel, studied at the The London Film School, and is now a TV and film director for ABS-CBN and Star Cinema. Jay Patrick Santiago, 10MOST2000 Rank 1 from the South Crest School, w e nt on t o b e c om e a member of the Hong Kong International Arbitration Court after finishing Law. He
is currently a Dual Qualified (England and Wales and the Philippines) International Arbitration Court Lawyer. Roselyn Mateo, 10MOST2000 f rom the PAREF Woodrose School for Girls, was one of the many 10MOST INTARMED passers. After UP Med, she did her residency at the Rush University Medical Center in Chicago. She recently moved to the Harvard Medical School in Boston to do clinicals and research in Endocrinology. Jernelyn Reloj, 10MOST1998 Rank 1 from the Muntinlupa National High School-Main, after finishing medicine, now, has her own clinic. Last Friday, on the award’s 25th year, the Muntinlupa city government recognized the following awardees for this year, aptly nicknamed 10MOST Silver. Jose Mateo Emmanuel Fernando – De La Salle Santiago Zobel School Allaina Nicole Abergas bunye/PAGE 10
Melanio P. Mauricio, Sr., a man guided by God! Kakampi mo ang batas
Member: Philippine Press Institute
Right after high school, s ome b ecame Oblation Scholars (UPCAT Top 50 in the UPCAT), Merit Scholars (ACET Top 50), Star Scholars (DLSUCAT Top 20) and UP INTARMED (UP Med’s 7-year accelerated medicine program) passers. Joseph Patrick Echavarria, 10MOST2001 Rank 1 from De la Salle Santiago Zobel School, went on to become one of the Ten Outstanding Students of the Philippines (TOSP) in 2005. R alph Guzman, 10MOST1999 from the PAREF Southridge School for Boys, went on to become a GMA News Reporter and Anchor, before moving on to become the COO of Guthrie-Jensen, a consultancy firm. Clemente Domingo III, 10MOST1995 from the Southridge Night School now has his own fastrising advertising agency, Ideas X Machina. Steven Camiña, 10MOST2005 from Southridge, took his BS
Batas Mauricio LIFE’S INSPIRATIONS: “…`No good tree bears bad fruit, nor does a bad tree bear good fruit. Each tree is recognized by its own fruit’…” (Jesus, our God and Savior, in Luke 6:43, the Holy Bible). -ooo MELANIO P. MAURICIO, SR.: A MAN GUIDED BY GOD! Two years after my father, Mr. Melanio Pauco Mauricio, Sr. of Ramos, Tarlac, passed on to the great beyond, I continue to be firm in my belie that he was a man who lived with the grace and guidance of God. I personally
witnessed many proofs of this grace and guidance of God for my father, but I request our readers here to allow me to dwell on just a few of them today. First, Daddy lost his mother, Mrs. Restituta Melegrito Pauco Mauricio, early on in his life, while he was only five years old. In his recollections shared with me and my siblings in times past, Daddy complained that because of his very tender age when his mother passed away, he could not even remember how she looked. As a result, Daddy grew up under the tutelage of his own father, my grandfather Mr. Juan Dizon Mauricio. On account of economic difficulties, however, Daddy managed to complete only his elementary education (at the Ramos Elementary School), and his secondary education at the Central Luzon High School (at Paniqui, Tarlac). After high school, my father no longer pursued a college
degree, and instead joined a cousin of his in endless wanderings. -ooo SKILLS IN T YPING USING OLD TYPEWRITERS PUT TO GOOD USE BY MY FATHER: Those wanderings notwithstanding, Daddy learned how to skilfully use typewriters---the forerunners of the current personal computers when it comes to composing communications or other documents---and a little of stenography. This came largely an an influence of his older brother, Atty. Walfred “Fred” Mauricio. Uncle Fred convinced Daddy to learn typing and stenotaking, which he did, enabling him to find employment because of these skills. It was at this point that my father came to know of a young lass who was then steeped in studying at the Philippine Normal College at Taft Avenue, Manila, by the name of Salvacion Haber Lazo, of San Ildefonso-Sta.
Lucia-Vigan, Ilocos Sur. Unknown to the young lady, who would become my Mommy, Daddy had become infatuated with her right away when they were both passengers of a JD Bus (JD buses were highly popular then, plying the route Taft Avenue-Quirino 2-2, Quezon City). One day, Daddy asked a friend of his from our town in Ramos to join him in riding in the JD bus where my mother was again a passenger. The two of them sat directly behind her, and talked in Ilocano about Mommy. To the surprise of Daddy and his friend, Mommy suddenly blurted out, also in Ilocano, the following: “So you are also Ilocanos. How dare you to be talking about another Ilocano.” That started their colorful courtship and, of course, our own lineage. -ooo “ORATOR” WAS ONE TRAIT ASCRIBED TO MY batas/PAGE 10
Our capacity to suffer hints and traces
roy cimagala SINCE suffering and death are unavoidable in our life, we just have to see to it that we develop the appropriate skill and capacity to suffer and die. In this regard, the only way to proceed is to be vitally identified with Christ who knew how to suffer and die, how to conquer sin and the suffering and the death
that come as a consequence of sin. And let’s take note of this important point. Not only is he teaching us how to suffer. He actually accompanies us in our suffering and death. He is willing to suffer and to die with us! This is what we can gather as we go through the passion, death and resurrection of Christ during the celebration of what is known as the Easter triduum that starts in the evening of Holy Thursday with the Mass of the Last Supper, then the Passion and Death of Christ on Good Friday and his Resurrection on Easter Sunday. It would be good if we find time to meditate more deeply and slowly on this most important event in
the liturgical calendar that actually culminates and summarizes the redemptive work of Christ. We have to understand that Christ’s passion, death and resurrection are what complete our creation, providing us with everything we need to be reconciled with God our Creator and Father and to be what we ought to be. And all we have to do now is to apply the merits of Christ’s redemptive work on ourselves. Let’s remember that Christ does not impose his good designs for us on us. We have to freely accept and correspond to them. So, we really need to know how to suffer with Christ. Any problem that we encounter in life, in whatever form
and degree it comes, should always be referred and united to the suffering of Christ. We have to avoid going through our suffering simply on our own. That would simply be disastrous. With Christ, we would know why suffering comes, why it can be a redemptive means, a clear expression of love and of obedience to the will of God. With Christ, we would lose the fear of suffering and would even develop a welcoming attitude toward it, considering that it is not only good for us only, but also for others. We would realize that it has tremendous sanctifying, purifying and atoning power. Any form of suffering is actually an invitation for us cimagala/PAGE 11
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Banking&Finance
BSP cuts TDF offering for Holy Week auction PHILIPPINES’ monetary officials cut the offering for the 14-day and 28-day Term Deposit Facility (TDF) for the auction set on March 28, 2018. Data released by the Bangko Sentral ng Pilipinas (BSP) Wednesday night showed that the 14day facility will be offered for P30 billion in next week’s auction, down from the P40 billion this week. Also, offering for the 28-day facility was cut to P10 billion from P20 billion until this week. Volume offering for the seven-day facility was kept
at P50 billion. During the auction this Wednesday, the longertenor facilities registered undersubscription unlike the seven-day facility. The 14-day facility, which was offered for P40 billion, received bids amounting to P35.955 billion and the longesttenor TDF got tenders amounting to P19.963 billion, lower than the P20 billion offering. Monetary officials, in turn, accepted all the bids for both tenors. Meanwhile, the sevenoffering/PAGE 10
SOME 250,000 Social Security System (SSS) members are expected to avail of the agency’s second loan restructuring program (LRP), which is projected to bring in PHP1.2 billion in the pension fund’s coffers. In a briefing Thursday, SSS President and Chief Executive Officer (CEO) Emmanuel Dooc said the six-month loan condonation program, which will run from April 2 to October 1, 2018, will be conducted to allow members in disaster-hit areas pay their loans.
Among those who are qualified to avail of the program are those living or working in areas affected by the siege in the cities of Marawi and Zamboanga and the eruption of Mayon Volcano. Under the second LRP, member-borrowers will be allowed to settle their unpaid overdue loan principal and interest in full or by instalment. “We encourage borrowers to take advantage of this opportunity,” Dooc said, noting that the LPR will be done to allow more
TRAIN raises gov’t budget surplus in Jan.
G
OVERNMENT revenues surpassed the growth pace of public spending in the first month of the year following the implementation of the first tax reform law, the Bureau of the Treasury reported. Data from the Treasury bureau showed yesterday that the Duterte administration posted a
budget surplus of P10.2 billion in January this year, more than a threefold increase compared with P2.2 billion last year. State revenues jumped 19 percent during the month to P238.9 billion from P200.3 billion a year before. Of that amount, tax collections rose 18 percent to P217.8 billion, while non-taxes accelerated by 35 percent to 21.1 billion. In January, the Bureau
of Internal Revenue raised P175.6 billion, an increase of 19 percent year-onyear, while the Bureau of Customs registered a 14 percent growth from last year to P40.8 billion. Other offices, meanwhile, collected P14.4 billion, up 52 percent year-on-year, while the Treasury bureau raised P8.1 percent during the month, a slight increase compared with P8 billion
borrowers clean up their obligations. Citing SSS records, Dooc said there are about 250,000 SSS members who have past due account of at least six months. It also shows that employers’ delinquency amounts to around P13 billion. To date, SSS has about 36 million members but only 15 million are active members, Dooc said. The SSS chief said there are members who have been clamoring for the extension of the first LPR, which was done for a year
and ended in April 27, 2017. He, however, said they cannot extend it without the authority of Malacanang or Congress. “Kaya minarapat namin na i-reimplement ito. Dumulog kami sa Malacanang upang bigyan kami uli ng pagkakataon na maisagawa ito with President’s approval. So, for the second time only we are offering the second LRP. (That’s why we decided to re-implement it. We requested Malacanang to give us another chance to implement it with the
President’s approval. So for the second time only we are offering the second LRP),” he said. Dooc said about 850,000 SSS members availed of the first loan condonation program, which allowed the agency to collect about P6 billion worth of loans and penalties. He said they are doing their best to collect unpaid dues to be able to efficiently service the needs of their members without tapping the funds for investments. “This year, expected benefit payout is P191 billion,” he said. (PNA)
SSS offers 2nd loan restructuring program
last year. “All major collecting agencies of the government posted positive year-on-year growth, leading to higher total revenues,” the Treasury said. “The growth was mainly driven by the implementation of the Tax Reform for Acceleration and Inclusion (TRAIN) which took effect on January 1, 2018.” Government expenditures, on the other hand, increased by 15 percent in January to P228.7 billion from P198.1 billion. Of that amount, interest payments cornered P43.5 billion, up by three percent from P42.4 billion in 2017. Other disbursements, meanwhile, amounted to P185.2 billion in January, up by 19 percent compared with P155.7 billion a year before. “Ramped up infrastructure spending as well as the implementation of the third tranche of compensation adjustment for government employees contributed to the month’s performance,” the Treasury said.
Environment 6 DENR, PEMSEA jumpstart preparations for 2018 East Asian Seas Congress P
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reparations for the East Asian Seas Congress 2018 is now in full swing with the collaboration of the Department of Environment and Natural Resources (DENR) of the Philippines and Partnerships in Environmental Management for the Seas of East Asia (PEMSEA). The 2018 East Asian Seas (EAS) Congress will be held on November 27-30, 2018 at the Iloilo Convention Center. Themed “25 Years of Partnerships for Healthy Oceans, People and Economies: Moving as One with the Global Ocean Agenda,” the EAS Congress is the sixth in a series of EAS triennial ocean conferences that aims to usher in better, stronger and smarter regional actions that are strategically aligned with the key principles and targets of the global ocean agenda. The EAS Congress builds on the voluntary commitments and call for action of the UN Ocean Conference held last June 2017 and is
focused on meeting the UN Sustainable Development Goals (SDGs) adopted in 2015, and related international environmental commitments. At its core is the intention to meet SDG 14 on Life Below Water, where oceans have gained political, social, economic and ecological prominence that the world has never seen before. The event is open to a broad range of stakeholders including national and local governments, the United Nations system, other intergovernmental organizations, bilateral and multi-lateral projects, international financial institutions, nongovernment and civil society organizations, academic institutions, the scientific community and the private sector. Knowledge-driven, Action-oriented, and Partner-led Since 2003, the East Asian Seas (EAS) Congress has established its reputation as an intellectual marketplace and ocean-based forum that uniquely focuses on
Councilor Suzette Daba (third from left) and SM City Cagayan de Oro mall manager Bernadette Flores (right) leads the switching off of lights at the uptown shopping mall from 8:30 to 9:30 p.m. last Saturday. photo by mark francisco
the world's most diverse and fastest-growing region. The triennial event provides a dynamic platform for knowledge sharing, collaborative action, partnership building and a forum to advance commitment and cooperation in achieving the shared vision of a sustainable East Asian Seas. During the event, participants are
expected to share their experiences, gain new insights and knowledge, assess the challenges and opportunities, and contribute to further strengthening the implementation of the EAS region’s common plan of action-- the Sustainable Development Strategy for the Seas of East Asia (SDS-SEA) at the regional, national and local levels. With
more than 1,000 people expected to attend, it also aims to build on existing partnerships and promote new initiatives and investments to achieve regional and global targets for the sustainable development of oceans and coasts. The three-day event will feature Ocean Talk (a series of plenary sessions) combined with SEA Exchange (dialogues with
partners), Partnership Hubs (partner-led side events), a Youth Forum and PEMSEA Network of Local Governments (PNLG) Forum that will culminate in a Ministerial Forum on the final day of the Congress. An international exhibition will also be organized as a showcase of innovation and progress in meeting SDG 14 and SDS-SEA preparations/PAGE 10
Cimatu urges Pinoys to go beyond Earth Hour, make energy conservation a habit Environment Secretary Roy A. Cimatu has asked millions of Filipinos participating in this year’s Earth Hour to take the next step and live an environment-friendly lifestyle that goes beyond the hour. “We must go beyond merely switching off lights for an hour if we really want to make a greater impact in fighting climate change,” Cimatu said. “Let us regard every hour of every day as an opportunity to do more, so that nature may fully shine,” he added. Earth Hour 2018, which carries the theme “Let nature shine,” will be observed on March 24 at 8:30-9:30pm, and Cimatu said what people do between the annual observance should be the cause for celebration. “What will matter more in global efforts to tame climate change are the things we do between the annual celebrations of Earth Hour – they should, cumulatively, provide the cause for the celebrations,” Cimatu said. Cimatu said it is high time people go beyond the given hour and make it a habit of using less energy and adopting other ecofriendly measures to mitigate the effects of climate change. “The challenge for us is to do more beyond Earth Hour, and on a continuing basis,” he pointed
out. According to Cimatu, there are many other ways of mitigating or adapting to climate change beyond putting out unnecessary lights. “Among these are car pooling; cutting back on the consumption of goods that take large amounts of carbon emissions to produce, package, transport and market; switching to energy-efficient appliances and devices; shifting to renewable energy; and raising more forests to serve as carbon sinks,” he said. Cimatu has also instructed all regional offices and bureaus of the Department of Environment and Natural Resources to conduct activities in support of the one-hour switch off event. Although the Philippines has a relatively smaller carbon footprint compared to other nations, Cimatu said this should not be an excuse but a reason for the country to be a leading advocate of climate change mitigation and adaptation being one of the territories most vulnerable to the impacts of such global phenomenon. Organized by the World Wildlife Fund for Nature or simply WWF, the Earth Hour is a global campaign to showcase the efforts being done to combat climate change. The grassroots movement started out in Sydney, habit/PAGE 10
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SEASON OF GRADUATION BALLS Left picture shows graduating Grade 12 students in their recent graduation ball at the posh Limketkai Luxe Hotel. Meanwhile, graduating Business Administration students from Xavier University dazzle during their Seniors tribute last Sunday at Pearlmont Inn. photo supplied/mark francisco
Aurecon recognised at ACES Design Excellence Awards for second consecutive year
T
he engineering and infrastructure advisory company was honoured with a Merit Award for its innovative upgrading of a medical school building, and Technical Director Joshua Loke received the Young Consulting Engineer (Mechanical) award. The Association of Consulting Engineers Singapore (ACES) recognised Aurecon’s future-ready engineering and design expertise for the second consecutive year during the ACES Design Excellence Awards on March 22 at the Resorts World Convention Centre in Singapore. Aurecon’s Technical Director for Built Environment, Joshua Loke, received the Young Consulting Engineer (Mechanical) Award while the company was honoured with the Merit Award (M&E, A1 category) for its work in upgrading Block MD10, a medical and research facility at the NUS Yong Loo Lin School of Medicine. “I am honoured and
delighted to receive this award from ACES. As engineers, the majority of our work is invisible to the end-users but what we do is just as important in ensuring a better future for everyone. So, I would like to share this recognition with my mentors, managers and team mates who have helped me reach this high point in my career,” said Loke. The ACES Design Excellence Awards recognise projects and young consulting engineers who have demonstrated engineering design excellence and made valuable contribution to the profession in Singapore. With more than 12 years’ experience as a professional mechanical engineer, Loke specialises in leading technically-challenging projects in data centres, educational institutions, laboratories, healthcare, and resorts. One such project he led is Block MD10, which is also being honoured in this year’s ACES Design
Excellence Awards. “The Block MD10 project was fantastic to work on due to the high level of collaboration within the multi-disciplinary team. Because of the humancentred approach we adopted, the alteration and additions on Block MD10 resulted in a more harmonious interaction between the end-users and building operations, while improving the building’s efficiency and sustainability ratings,” Loke added. Future-ready facility Block MD10 is a four-storey building, housing an anatomy hall, laboratories, lecture rooms, museum, mortuary, and administrative and faculty offices. Its role is to nurture future medical and science professionals. At 30 years old, the building no longer conformed to the latest building and energy codes. Its performance was also below optimum with insufficient ventilation and high utility consumption. Additionally, the space no longer fitted the current end-users’ requirements, resulting in the need for an extensive upgrade. Aurecon was appointed by the
National University of Singapore to lead the MEP engineering design to bring the building up to code while balancing the various needs of the stakeholders and the different user requirements of each floor. As a result of innovative design, the refurbished facility expanded its teaching space by 16 per cent from the original 1 050 square metres and can now more comfortably accommodate the 800 Medicine, Dentistry, Nursing, Pharmacy and Life Sciences undergraduate students attending Human Anatomy practicals, as well as residents and specialists participating in workshops there. It also achieved a Building and Construction Authority (BCA) Green Mark GoldPlus Award for Non-residential Existing Building (Version 3). In good company Receiving two ACES Design Excellence awards is a testament to Aurecon’s futureready engineering and human-centered design approach. It also strengthens the company’s expertise in solving ‘wicked problems’ – the ones that seem too big or too complicated to others.
“We are ecstatic to receive these recognitions, and I congratulate Joshua and the rest of the team for their industry-leading innovation,” said Philip Motteram, Aurecon’s Built Environment Leader in Singapore. “These awards are the result of dynamic and collaborative partnerships with our clients and we celebrate this achievement with them.” About Aurecon Aurecon is an engineering and infrastructure advisory company, but not as you know it. We’ve reimagined engineering. Our clients’ ideas and aspirations drive all that we do. We work alongside them like no other firm to co-create clever, innovative solutions to some of the world’s most complex challenges, adding value across the project lifecycle through deep technical and advisory expertise. We serve our clients across a range of markets, in locations worldwide. Hardwired in our DNA are engineering, design and the deep need to leave a legacy. We are as diverse as we are dynamic. As curious as we are clever. Drawing on our deep
pool of knowledge, we bring vital engineering experience, technical capability and design expertise to the table. Then we listen deeply and intently. We see the opportunities, possibilities and potential that others don’t. Through a range of unique creative processes and skills, we collaborate with our clients to re-imagine, shape and design a better future. We believe humanity depends on engineering; and we recognise we have a broader stewardship role to play. A deep responsibility to hold. As we continually strive for a life in balance, Aurecon clients will be both future ready and engineered for life. Think engineering. Think again. Aurecon: Engineering, re-imagined. To find out more about what we have been up to visit our newsroom, or take a glimpse into the future on our Just Imagine blog. Privately owned by employees, Aurecon formed in 2009 when Africon, Connell Wagner and Ninham Shand announced the formation of a new global group. Please visit www. aurecongroup.com for further information.
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UN report calls for integrating risk reduction in agriculture as disasters become ‘new normal’ Developing countries like the Philippines should integrate disaster risk reduction and management in modern agriculture, as the sector continues to be devastated by disasters each year, according to a new report from the United Nations’ Food and Agriculture Organization (FAO). “A crowded field of threats that includes drought, floods, animal disease outbreaks and chemical spills are among the disasters costing farmers in the developing world billions of dollars each year,” said the newly launched “2017: The Impact of Disasters and Crises on Agriculture and Food Security.” “The agriculture sectors-which include crop and livestock production as well as forestry, fisheries and aquaculture-face many risks, such as climate and market volatility, pests and diseases, extreme weather events, and an ever-increasing number of protracted crises and conflicts,” it added. Between 2005 and 2016, there were 260 natural disasters per year in developing countriesan 11% increase on the 1993-2004 period when the average was 235 per year, and a more than two-fold increase on 1981-1992
when they averaged 122 per year. The economic impact of geophysical disasters (earthquakes, tsunamis, volcanic eruptions and mass movements) has remained fairly stable over the past decades. However, annual economic loss from climate and weather-related events has been consistently growing, as the frequency of storms, drought, and floods has grown more and more frequent. “Though damage and loss have not yet been calculated, 2017-the most violent hurricane season on record-will certainly confirm this trend,” said the report. It pointed out that between 2005 and 2015 natural disasters cost the agricultural sectors of developing country economies a staggering US$96 billion in damaged or lost crop and livestock production, $48 billion of which occurred in Asia. Drought, which has battered farmers globally, was one of the leading culprits. FAO documented that 83% of all droughtcaused economic losses were absorbed by agriculture-to the tune of $29 billion. The report also detailed how multiple other threats are taking a heavy toll on
Top digital consumer trends in 2018 The rise of the internet, social media, and mobile technologies and other digital tools is revolutionizing global consumer behavior in an unprecedented way, and research studies are giving suppliers a heads-up on the top digital trends that will shape consumer behavior in 2018. According to TopRank Marketing, one notable trend is how video is directly changing the way people shop. The digital marketing agency noted that in the past year, 40% of YouTube users turned to the platform to learn more about a product before making a purchase. In addition, the watch time of “shop with me” videos-where viewers actually follow video creators as they shop-has increased by 1,000% over the past two years. However consumers online are looking beyond engagement, said TopRank in its new study. They also want to “experience” the product before deciding, and are no longer content with just third-party review sites and word-oftrends/PAGE 10
food production, food security, and people’s livelihoods. While floods and storms had the largest impacts in Asia, their agricultural systems were also heavily affected by earthquakes, tsunamis and extreme temperatures. The report also included “food chain crises” sparked by animal diseases, like Rift Valley Fever and also addressed conflict. All told, nearly a quarter of all financial losses caused by natural disasters between 2005 and 2015 were borne by the agricultural sector, according to FAO’s study. Such emergencies pose serious challenges to agricultural production and food security, said the FAO report. “Insufficient governance and institutional capacity to deal with the resulting challenges pose a serious threat to livelihoods and food systems,” it further stated. “In a crisis context, undernourishment can be severe and levels of stunting and underfive mortality rates and particularly high.” The paper pointed to the importance of building resilience as a viable framework for integrating humanitarian and longterm development
initiatives. “Disaster risk reduction and management must, therefore, become an integral part of modern agriculture,” added FAO. The report highlighted the need to develop adequate disaster and crisis governance structuresincluding enabling policies, strengthened capacities, and targeted financing mechanisms to counteract the impacts. It also said such initiatives and structures “must be grounded on data and evidence detailing the ways that disasters affect farmers and food producers.” To this end, bridging the knowledge gap is the first step. “Estimating and quantifying the impact of natural disasters, climaterelated events, food chain hazards and protracted crises on the agricultural sector is crucial to protecting the investments made in development and strengthening resilience,” said FAO. “Building a more holistic and ambitious disaster-resilience framework for agriculture is crucial to ensuring sustainable development, which is a cornerstone for peace and the basis for adaptation to climate change.”
Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL SUR 12TH Judicial Region Hall of Justice, Marawi City OFFICE OF THE EXECUTIVE JUDGE IN THE MATTER OF THE APPLICATION FOR ACCREDITATION OF THE MINDANAO DAILY NEWS PUBLISHING CORPORATION TO PUBLISH JUDICAL AND LEGAL NOTICES AND OTHER SIMILAR ANNOUNCEMENT,
SPL. Proc. No. ________
MINDANAO DAILY NEWS PUBLISHING CORPORATION, Applicant. -------------------------------------------------------------------------------------------------/ ORDER Before this Honorable Court is the application for accreditation of MINDANAO DAILY NEWS thru Mindanao Daily News Publishing Corporation, represented by its President Dante M. Sudaria, to publish judicial and legal notices and other similar announcement. The application alleged among others that the applicant is duly registered with the Security Exchange Commission (SEC) under Certificate no. CS201531735, with the principal page of business at Abellanosa St., Consolacion, Cagayan de Oro City. The publication of its first issue in JULY 17, 2012. It carries commercial display advertising. It does not merely reproduce or reprint news pages of other newspaper or periodicals within the Mindanao Region but also publishes original news items coming from its several bureaus located throughout Northern Mindanao. It is fully qualified to publish legal and judicial notices as provided for under the provision of PD1079. That the publication rates to be charged on client are in accordance with the rates of Misamis Oriental as per Copurt Order dated April 17, 2007 in the case of IBP Misamis Oriental –vs- Misamis Oriental- Cagayan de Oro Association of Publishers. To Substantiate the applicant for accreditation, applicant attached three (3) sample copies of the newspaper’s or periodical’s printed for legal and judicial notices following the requisites prescribed by section 4 of P.D. No.1079; copy of an issue of the newspaper containing commercial advertisements published in the last twelve (12) and rate of the advertisement; certified true copy of a contract or insertion order or invoice describing the size and rate of the advertisement; and certified true copy of the newspaper’s official receipt showing payment per contracted advertising rate. WHEREFORE, premises considered, after having satisfactorily established that it has complied with the requirements of A.M. No. 01-0-07 SC, and considering that there is/are no other qualified applicants to be accredited, the application of the MINDANAO DAILY NEWS is hereby granted. Accordingly, the MINDANAO DAILY NEWS is hereby allowed to publish Judicial and Legal Notices and other similar announcements of this Court in accordance with the requirements of A.M. no. 01-0-07 SC for a period of FIVE (5) years from November 9, 2017 to November 9, 2022. SO ORDERED. This 8th of November 2017, Iligan City (For Marawi City) BWM: March 26, April 2 & 9, 2018
(SGD.) WENIDA B. M. PAPANDAYAN Executive Judge
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Bunye... from page 4
– Miraculous Medal School Fiorello Marco Mercado – Muntinlupa Christian Academy Reichmond Zaldy Bantilan – Muntinlupa National High School - Main Domingo Macinas Jr. – Muntinlupa Science High School Anton i o Jo s e Mar i a Lorenzo – PAREF Southridge Katrina Hernandez – PAREF Woodrose Jolina Abner – Pedro E. Diaz High School M i c h a e l a Vi l l e z a – Poblacion National High School Marielle Dianne Villena – South Mansfield College The Steering Committee for this year’s search is headed by Engr. Allan A. Cachuela, City Administrator, CoChaired by Dr. Mauro C.
De Gulan, Schools Division Superintendent of DepEd Muntinlupa, Karla Marie V. Gabriel, Head of Muntinlupa Scholarship Program as Vice Chairperson, Councilor Stephanie G. Teves, City Council Chair of Committee on Education and Ram V. Salazar, Vice President of MOST. Note: You may email us at totingbunye2000@gmail. com. You may also “like” us in Facebook at “Speaking Out”.
Account... from page 4
The more time we spend with Jesus, the better we know how to live well and successfully. In fact, Jesus Christ guarantees that if each day you will spend your 86,400 seconds on living for Him and others, then at the end of your life when you’ve
REPUBLIC OF THE PHILIPPINES OFFICE OF THE NOTARY PUBLIC MARIO T. JUNI Attorney-at-Law Rm. 204-205, 2nd Flr. De Leon Square Bldg., Pabayo-Cruz Taal Sts., Cagayan de Oro City Telephone No. (088) 857-3599* Cell Phone No. 09352379999 MARIETA T. HERRERA, Mortgagee, - Versus – SAMUEL S. BOMBEO,SR., Mortgagor. X~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ ~~~X NOTICE OF PUBLIC AUCTION Upon verified application for sale under Act. No. 3135, as amended, filed by the mortgagee, MARIETA T. HERRERA, of #143, Tejero Subd., Patag, Cagayan de Oro City, against the mortgagor, SAMUEL S. BOMBEO, SR., of Block 11, Paris Ave., Capitol Homes, Diliman, Quezon City, to satisfy the mortgage indebtedness in the total amount of ONE MILLION SEVEN HUNDRED PESOS (1,700,000.00) representing the principal amount and interest, excluding the 25% as attorney’s fees, cost and expenses of foreclosure and sale, and all other incidental expenses which are likewise secured by the said mortgage, the undersigned notary public will sale at PUBLIC AUCTION, to the highest bidder, FOR CASH and in Philippine Currency, on May 4, 2018 at 3:30 o clock in the afternoon or soon thereafter at the Entrance of the City Hall Building, El Salvador City, Misamis Oriental , the following described real property, together with all its improvement, to wit : KATIBAYAN NG ORIHINAL NA TITULO BLG. P-22666 A PARCEL OF LAND, Lot No. 41861, CAD. 237,(Lot 6822-C, CSD10-011272-D) situated at Barrio Molugan, Municipality of El Salvador, Province of Misamis Oriental, Island of Mindanao. Bounded on the West, along line 4-1 by Lot 6818; On the NE., along line 1-2 by Lot 41862, (Lot 6822-D, CSD-10-011272-D); On the SE., along line 2-3 by Road ; On the SW., along line 3-4 by Lot 41860, (Lot 22-B, CSD-10011272-D); All of CAD. 237, Cagayan Cadastre. Beginning at a point marked “1’’ on the plan being S. 01 deg.36’W., 560.50 m. from BLLM. No 17, CAD.237; thence: S.74 deg. 29’E., 122.96 m. to pt. 2; S.21 deg. 41’W., 37.65 m. to pt. 3; N.73 deg. 57’W., 113.57 m. to pt. 4; N. 07 deg. 08’E., 36.77 m. to pt. of beginning, containing an area of FOUR THOUSAND THREE HUNDRED SIXTY FOUR (4,364) square meters, more or less. The undersigned auctioning notary hereby gives futher notice that if on May 4, 2018 the minimum requirement of two(2) bidders/buyers will not participate in the auction sale pursuant to the Supreme Court EN BANC Resolution under Administrative Matter No. 99-10-05-0, the sale shall be postponed and re-scheduled on the next working day which is May 7, 2018 at the same time and place without republication. This Notice of Sale will be posted for a period of twnty (20) days in three (3) of the most conspicuous public places where the subject property is located, specifically in the bulletin boards of: (1) Barangay Hall, (2) City Hall, and (3) Hall of Justice and in the Main Entrance of the City Hall of El Salvador City, where the sale shall takepalce, and likewise, a copy will be published in a newspaper in a newspaper of general circulation in Misamis Oriental, once a week for three (3) consecutive weeks at least fifteen (15) days before the date of the auction sale. Prospective bidders or buyers are hereby enjoined to investigate for themselves the title to the property and the encumbrances, if there be any.
Cagayan de Oro City, March 14, 2018.
ATTY. MARIO T. JUNI Notary Public Until December 31, 2018 PTR No.3686792A, 01-04—2018 IBP No. 1080130, 01-04-2018 Commission No. 2017-081 (01-12-17) Attorney’s Roll No. 35240 MCLE Compliance No. VI-0000743 (09-29-16) Cagayan de Oro City BWM: March 19, 26 & April 2, 2018
run out of seconds, you will be truly wealthy and satisfied with no regrets! Even if you just start right now. So why not ask Jesus to forgive you and to take full charge of the time you still have left? Just Think a Minute…
Batas... from page 4
FATHER: After Daddy and Mommy got married and we, their four sons (me, Philip, Leny and the late Ariel), made our appearance, Daddy found himself involved in politics after winning as a councilor in our town. He subsequently was drafted into the Liberal Party in the province, which then was headed by a young Rep. Jose “Peping” Cojuangco, Jr. Because of his natural skill in public speaking--Cong. Peping and his fellow councilors used to call Daddy an orator---my father became a regular speaker in sorties of the congressman. Not long after, Peping learned that my father wasn’t able to pursue a college education. That prompte d him to direct my father to study at the Cojuangco-owned Dr. Nicanor Reyes Memorial Colleges in Paniqui to get a college degree. Daddy was subsequently given a degree in education, by the grace of God and by the intercession of Cong. Peping. Daddy turned that degree into a passport to land other government jobs, which he used, in tandem with Mommy, to enable us (including the youngest in our brood, Marisa, who also became a lawyer) to pursue our own college education. Indeed, all of these came f r o m G o d’s b l e s s i n g s , guidance and protection for my father while he was still alive. Yes, we can only say now, thank God in the Name of Jesus. But there are more to this, actually! -ooo FOR QUESTIONS, REACTIONS: If anyone would like to ask me any question about what the burning issues of the day mean, or what we have discussed here, or to consult on any problem, whatever it maybe, please call 0917 984 24 68, or email me at batasmauricio@yahoo. com, or post your concerns at w w w. f a c e b o o k . c om / attybatas. Promise, I will answer right away. Thank God in the Name of Jesus, Amen! Publication Notice
Offering... from page 5
day facility received PHP72.293 billion-worth of bids, higher than its P50 billion offering. It was awarded in full. Earlier, BSP Department of Economic Research (DER) Deputy Director Dennis Lapid said decisions on how much the TDF offer volume would depend on information on domestic liquidity at a certain time. “We calibrate our auction volu m e b a s e d on h ow much the market has on a given date…based on our information on how much is there in the system,” he said. The BSP has adjusted TDF volume offering for several times already. When the facility was first introduced in June 2016, the seven-day TDF was offered for P10 billion and the 28day facility for P20 billion. In the initial auction, the shortest tenor received PHP82.438 billion worth of bids while the longer-tenor facility attracted P117.271 billion. Both were awarded in full. As liquidity situation changes, the TDF registered over and undersubscriptions, thus, the change in volume offering. Also, the 14-day facility was introduced just recently, particularly during the auction on February 14, 2018 as banks request for additional tenors. It was initially offered for P20 billion. BSP Governor Nestor A. Espenilla Jr., in a WhatsApp me ss age to j ou r na l ist s Wednesday night, urged the latter to “not overthink” about the cut in volume offering. “It just ref le c ts our forecast that banks tend to want to hold more cash in anticipation of a long holiday,” he said referring to the Holy Week holidays next week, particularly from Maundy Thursday to Easter Sunday. (PNA)
Preparations... from page 6
implementation. On the last day, a field visit will be conducted in the island province of Guimaras, a PEMSEA integrated coastal management site. Finally, capping the Congress is a Partnership Night that will commemorate the 25th anniversary of PEMSEA. The 2018 EAS Congress
is hosted by the Government of the Philippines, with support from the Global Environment Facility (GEF) and United Nations Development Programme (UNDP). To register, convene sessions, or ser ve as Congress sponsor, contact the EAS Secretariat by email: eascongress2018@pemsea. org. or visit www.pemsea. org for more details.
Habit...
from page 6 Australia, turning off their lights for one hour. Based on previous Earth Hour celebrations in the Philippines, going lights out during the event can save more than 360 megawatts in one hour, equivalent to more than 200 tons of carbon dioxide emissions. Cimatu said that though the Earth Hour has been the “most vivid showcase of our common cause” since it started in 2008, “it is just one of the many ways by which we manifest our environmental citizenship.” “Surely no less important are the pro-environment actions that we take between the annual Earth Hours – the 8,759 other hours of an ordinary year,” he pointed out.
Trends... from page 9
mouth referrals. Since many users can’t physically touch the product, brands need to come up with creative ways to help people experience it online. This can include using virtual reality or augmented reality to make a product come to life and stand out. At the same time, the report predicts the arrival of the “new super-empowered consumers.” These are people who are “more curious, more demanding, and more impatient than ever before.” Essentially, people are getting more specific in their searches, and they expect and demand useful, relevant information quickly, said TopRank. “ The takeaway for marketers here is that longtail search term variations will expand-and perhaps even become a new normal,” it added. It sug gests cre at ing best-answer content that is addressed to a specific audience; addressed to a specific query, substantial; comprehensive; and not Publication Notice
Republic of the Philippines Province of Misamis Oriental Municipality of Initao -o0oNOTICE TO THE PUBLIC
blatantly promotional. The content should also address complimentary queries and provide crosslinking. TopRank also recommends using data and insights to get a deeper understanding of audience needs, wants, and attitudes, so as to develop more holistic consumer personas, and create content and messaging that is highly personalized. “Personalization will be key for meeting consumer demand and expectations,” said the report. Another observation is how distrust is at an all-time high, fed by social, economic and political upheaval, and rising “fake news.” As a result, it’s important for brands and marketers to commit themselves to transparency and authenticity in marketing, said TopRank. “From embracing both positive and critical consumer feedback on public forums and social media, to losing the jargon and developing a more human voice-transparency and authenticity need to be baked into your strategy, rather than being afterthoughts,” said the report. It su g ge st s u s i ng “influencers” to add value, authenticity, and credibility to marketing efforts. On the other hand, global market research company Euromonitor International in its latest study on top digital consumer trends sees the popularity this year of super apps that promote convergence of digital life. It said Asian consumers in particular are favoring “apps for everything” like WeChat, a Chinese multipurpose messaging and social media app that has over 1 billion monthly active users. “Consumers, especially in Asia, have embraced all-in-one super apps, which combine all aspects of a consumer’s world into a single mobile platform, because they offer a cohesive experience,” said the report. “WeChat is this revolution’s posterchild, giving the world a preview of where the internet is going.” The study also noted that even as e-commerce booms, the physical stores won’t be going away anytime soon. “Despite the growth in ecommerce, physical outlets remain a critical part of the consumer shopper journey. Retailers, foodser vice operators and entertainment venues recognize this and are utilizing various technologies to reimagine the experience.”
Republic of the Philippines Province of Misamis Oriental Municipality of Initao -o0oNOTICE TO PUBLIC
In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of the Administrative Older No. 1 Series of 2012 (IRR on R.A.10172), Notice is hereby served to the public that BARVELOU T. BASTELLADA has filed with this Office, a petition for change of first name from ‘’ ‘’ to ‘’ ‘’ and correction of entry sex from ‘’MALE’’ to ‘’FEMALE’’ or correction of entry in the date of birth from ‘’ ‘’ to ‘’ ‘’ in the certificate of live birth of BARVELOU T. BASTELLADA at Initao, Misamis Oriental and whose parents are YOLLY T. BASTELLADA and MARLYN T. TACBOBO. Any person adversely affected by said petition may file his written opposition with this Office not later than April 6, 2018.
March 15, 2018 CCE-0019-2018 R.A. 10172 In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of the Administrative Order No. 1 Series of 2012 (IRR on R.A. 10172), Notice is hereby served to the public that MERLYN O. SACAY has filed with this Office, a petition for change of first name from ‘’ ‘’ to ‘’ ‘’ and correction of entry in sex from ‘’ ‘’ to ‘’ ‘’’or correction of entry in the date of birth from ‘’SEPTEMBER 29, 1963’’ in the certificate of live birth of MARYLIN T. OBLEMAR at Initao, Misamis Oriental and whose parents are CARLITO P. OBLEMAR and FEMINA S. TIU. Any person adversely affected by said petition may file his written opposition with this Office not later than April 6, 2018.
CCE-0018-2018 R.A. 10172
BWM: March 19 & 26, 2018
March 14, 2018
(SGD.) ISAIAS A. JARALES Municipal Civil Registrar
BWM: March 19 & 26, 2018
(SGD.) ISAIAS A. JARALES Municipal Civil Registrar
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Monday|March 26, 2018
Infra...
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have not fully tapped the PPP program. “We may be in a situation where we have tons of things to do for the development of our respective localities and are in fact ready to take on the challenge of the President (Rodrigo R. Duterte) to be catalysts of change but realizing in the end that we only have meager resources within our disposal,” he said. The lack of financial or technical capacity should not discourage local executives to pursue their development objectives and that it must be seen as an opportunity to e x pl ore b e yond t he traditional sources of funding, he added. He u r g e d t h e l o c a l governments to be proactive players in the government’s m a s s i ve i n f r a s t r u c tu re program described as t he “G ol d e n Age of Infrastructure” despite the budget constraints. He encouraged LGUs to look for other sources of funding to implement infrastructure projects such as water supply, solid waste management, public markers, government complex, and transport terminals. “Given the limited fiscal space, only a handful of these projects gets funded. When our proposed projects do not find its way in the general appropriations act, what shall we do then? Do we wait for the next budgeting season? Or should we find other practical sources of financing?” he said. Under the PPP scheme, del Rosario said the private sector plays a valuable role in socioeconomic development and offers important sources of financing and technical expertise. “Thus, the PPP program should be built on trust and mutually beneficial arrangements such that the government can implement major capital projects more efficiently and innovatively, while affording the private sector a level playing field, reasonable returns, and appropriate sharing of risks,” he emphasized. The governor said he hopes the region can achieve its development objectives under the five-year Davao Regional Development Plan and Regional Development Investment Plan that will end by 2022. “I am hoping that by the end of 2022, we can all proudly say that we have achieved our development objectives because each of us has put our hearts and minds in to what we desire for our region and the entire country,” he said. The D uter te administration’s five-year m a s s i ve i n f r a s t r u c tu re program called “Build. Build. Build” intends to construct high impact projects that will make the economy more productive, create jobs, increase incomes, and strengthen investment climate leading to sustained inclusive growth.”
officer-in-charge Lemuel Ortonio during the 2018 Taiwan Trade and Investment Delegation to the Philippines at the Marco Polo Davao Thursday, Duterte recognized the role of the investors in driving the growth of the economy. She said that the city recorded a total of 40, 499 businesses with a total capitalization worth P270 bi l lion in 2017, w hich surpassed the 39,238 businesses worth P230.83 billion listed in 2016. She said they expect the positive trend to continue this year. “The substantive international attention Davao City and Mindanao have been receiving the past two years have led to inroads in both private and public investments in the country, and your presence here today is an affirmation of Davao’s position in the nation’s journey towards socioeconomic development,” Duterte said. The mayor hopes that the business matching activity will open more opportunities for both the Dabawenyo and Taiwanese entrepreneurs that will result in greater public benefit and improve trade relations between the Philippines and Taiwan. The event was organized by Bureau of Foreign Trade of Taiwan’s Ministry of Economic Affairs and Taiwan External Trade Development Council. The local chief executive promoted the 10 preferred investment areas of the city ¬– agribusiness; tourism and recreational facilities; light manufacturing; infrastructure and connectivity; information and communications technology ; property development; health and wellness, education, and sports facilities; generation of new sources of energy; and green projects. “We continuously strive to be a business-friendly city,” she said, adding that the local government provides local incentives of two years business tax and three years real property tax exemption to investments falling under the 10 preferred investment areas. Duterte told the Taiwanese investors that investing in the city will give them access to sources of raw materials, hu m an re s ou rc e s , an d competitive cost of doing business, as she likewise urged local entrepreneurs to take advantage of the “opportunity and learn how you can grow your business together with the Taiwanese delegation..” “The right mix of business requisites and inputs in Davao City assure investors of healthy returns. Not only that, we assure you the safety of your investments in the city as Davao City’s crime volume remains among the lowest in the country,” she said. Duterte said the city takes pride in being the third most competitive highly urbanized city in the country. The city’s economy accounts for
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more than70 percent of the Davao Region’s gross regional domestic product. “In the past three years since 2014, the city’s growing economy continues to indicate a strong performance in both trading and investments,” she stressed.
COWD... from page 1
more efficient if it would be operated privately. Villegas, who guested Oro Chamber’s first quarter meeting Friday night at N Hotel, said that government should focus on the provision of public services and should leave profit-making activities such as the operation of utilities to the private sector. Citing Cagayan de Oro’s status as a highly urbanized city, Villegas said it could certainly copy the practice of Metro Manila where the provision of water is split between two private utilities - Maynilad and Manila Water - after the governmentop e r at e d Me t rop ol it an Waterworks and Sewerage System (MWSS) turned over its operations to the private sector in the 1990s. “History tells us that NAWASA has never been efficient in its operations,” Villegas said. He was referring to the defunct National Waterworks and Sewerage Authority which operated water utilities in the country in the past. Here in Cagayan de Oro, the task of providing water was transferred to COWD in 1973 per a presidential decree. Villegas’ remarks came at a time when three councilors sounded alarm on an alleged pattern of Metro Pacific Water Investments Corporation to privatize water districts in the country. Councilors Teodulfo Lao, Enrico Salcedo and Reuben Daba feared that water rates would skyrocket if it is placed in the hands of the private sector. Since January, MWIC has been supplying bulk water to COWD at P16 per cubic meter or 53 percent higher than what the utility’s previous supplier charged it. MWIC is under t he umbrella of Metro Pacific Holdings, which is owned by the Pangilinan family magnate. Oro Chamber past president Elpidio Paras welcomed Villegas’ remarks, saying that COWD is “saddled by a lot of politics.” According to Presidential Decree 98, the Cagayan de Oro City mayor appoints the directors of COWD but only the Ombudsman could remove them. Mayor Oscar Moreno, who listened to Villegas’ remarks, said it is not yet the appropriate time to privatize COWD. “We can’t shortcut the pro cess. We must f irst decrease non-revenue water before entertaining such plan,” Moreno said. COWD has a high rate of non-revenue water, far beyond the Local Water Utilities Administration’s
(LWUA) cap. For now, the COWD is being assisted by the United States Agency for International Development (USAID) in its quest to lower non-revenue water. During Friday’s affair, Moreno added that Metro Pacific’s interest to invest in COWD “is already a good sign.” Last year, Metro Pacific representatives verbally told the six-person COWD board that they are interested in privatizing the utility. But COWD chair Eduardo Montalvan flatly turned down the proposal.
Markets...
from page 1 enormous spending power of the so-called “Generation M”, or the Muslim millennials, which are projected to be a quarter of the world’s population at 2.8 billion by 2050. An earlier global Islamic economy report indicated that Muslim consumers are projected to spend $327 billion on apparel by 2019--larger than the current combined clothing markets of the UK ($107 billion), Germany ($99 billion) and India ($96 billion). Muslim travel expenditure is estimated to reach $300 billion by 2026 and their global b eauty sp end is projected to reach $213 billion by 2021. T h e WG SN re p or t identified shifting effect of racial, ethnic and religious profile of popular majorities among the three global drivers set to re-shape the consumer landscape in 2020. “...R acial and ethnic identifiers are shifting, and with it so are the voices of power. As more people vote with their dollars, connecting with these new majorities needs to be a priority, not an afterthought,” it said. “White space opportunities abound around the new ethnic, racial and religious m aj or it i e s , but br ands will need to work hard to comprehend how they can be relevant to these consumers’ values and lifestyles,” it added. The report also noted America’s changing identity with more than half of Americans under 18 will be minorities by 2020, and more whites will be ageing than will be born. By 2040, caucasians will be the minority. It also cited statistics indicating that Europe has been growing more ethnically and racially diverse. “For business this means new lifestyle events to design for and market too,” it said. The report listed the United States’ Quinceañera, a Hispanic sweet 15 party, as an untapped market for apparel, food and beverage and influencer industries. Other underser ved opportunities are the two Eids and Ramadan celebrations for Muslims, it added. Apart from shifting effect of ethnic, racial and religious majorities, the WGSN also cited other drivers expected to re-shape the consumer landscape in 2020, including
the domination of mobilecommerce and the emergence of crowd-based capitalism. “Retailers, brands and service providers will need to redesign their assets to live on multi-platforms (mobile, desktop) and surfaces (smart g l ass e s , v i r tu a l re a l it y screens),” it said.
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Oro, Chamber of Commerce Cagayan de Oro, Xavier University and the youth sector attended the FGD and raised their concerns on the proposed shift of form of government. Among the concerns discussed include the type of federal form of government that should be adopted by the country, competitiveness of a certain region or state which will also determine the kind of government that will effectively work in an area, the need to include the concerns of the indigenous people (IPs) and the powers that should be decentralized and shared. Lawyer Fel Brillantes of DTI-10 said that in considering the federal form of government, the resources in an area should be considered to make sure that no one gets left behind in terms of development and economic stability. In presenting federalism to a greater number of audience, the Archdiocese of Cagayan de Oro said that the pros and cons of the different types of federal form of government should be explained thoroughly aside from highlighting the economic situation of the region. Reporting the economic situation of the region is important since it is from this data where every individual could picture out why there is a need to adopt federalism and how it can aid in boosting the numbers in the data. To gather more ideas and opinions on adopting the federal form of government, MinDA will still hold other series of multi-sectoral consultations particularly to various sectors and will present the outputs of such in the national discussion of federalism.(RTP/PIA10)
Assistance... from page 2
of the assistance are displaced families who are staying with their relatives, host communities and in evacuation centers, including agrarian reform beneficiaries. “ The Government of Belgium and its people hope that our contribution will help ensure that those affected by the Marawi crisis are able to recover as quickly as possible,” Belgium Ambassador to the Philippines Michel Goffin said during his most recent visit to Marawi. FAO R e pre s e nt at i v e in the Philippines José Luis Fernandez said: “We acknowledge that recovery and rehabilitation take some time, but the concerted efforts of government, nongovernment organizations, and communities are already
making positive impacts to the people affected by the crisis. We must continue working together to sustain the gains we have achieved so far.” Fernandez said FAO’s emergency and recovery response to the Marawi crisis focuses on rehabilitating the agriculture and fisheries sector, restoring the food supply chain in affected communities, and helping farmers reclaim their lost livelihoods so that they can begin rebuilding their lives. Working closely with various partners and st a kehol d e rs , FAO has also mapped out a shortto medium-term strategic response plan to restore the food supply and agribusiness value chain in Marawi and other affected municipalities and enable them to be better linked to regional markets. (Jigger J. Jerusalem/PNA)
Cimagala... from page 4
to unite ourselves with Christ more intimately, and to join him in the continuing work of the redemption of man. That is why suffering has a very positive value. We need to process these truths and considerations more slowly so that we can develop the appropriate attitude and the relevant skills. We should learn to suffer not only in silence but also in joy and optimism. The truth is that Christ has taken up all our suffering. We really have nothing to worry about. Our role is only to have some share of it to enable us to relate ourselves to Christ. Isn’t that wonderful? Suffering therefore can and should be a happy event for us. And when due to our human weakness, we cannot help but feel burdened and pained, Christ also has reassured us to go to him so he can refresh us. (cfr. Mt 11,28) So we should not delay in having recourse to him whenever we in some way feel down, low and out. Thus, our suffering should not be a hindrance in doing what we are supposed to do—sanctifying ourselves, sanctifying our duties and the world in general, and helping others to sanctify themselves. It can be a tremendous aid in carrying out the essential tasks and responsibilities we have in life.
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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Creating a Greener Community Monday|March 26, 2018
Italpinas Development Corporation partners with the Cagayan De Oro City Local Environment and Natural Resources Office (CLENRO) in order to promote sustainable management
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talpinas Development Corporation spearheaded a Mangrove Tree Planting activity with 1,250 mangrove seedlings in Punta Bonbon, Cagayan de Oro City. This activity was in partnership with Damiani Property Management and Services, Inc., the official leasing and property management of IDC’s Primavera projects. “Planting mangroves is one of the better experiences where we can link human with nature in a harmonious effort of saving the land, ocean and the planet that we live in” said Ramelo Toledo Finance and Admin Manager for Italpinas Development Corporation. IDC had been partnering with CLENRO since its very first environmental engagement in CDO with the aim of cultivating awareness, not only to the participants, but also to the community. This is in sync with the company’s goal to promote
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sustainable development. “Participating in a mangrove planting such as this promotes awareness as to how important it is to take care of the environment, especially nowadays. The experience becomes an eye opener on how mangroves are important and the need for a collaborative effort to help restore its kind” added Violeta Robiato for Bachelor’s Reality. IDC is a leader in promoting green advocacy in Cagayan de Oro. Both projects of IDC, Primavera Residences and Primavera City, won the International Property Awards for Best Mixed-use Development in the Philippines. With its dedication to smart and passive green developments, Primavera Residences garnered the distinction of being the First Completed Condominium Project in East Asia to be given an EDGE (Excellence in Design For Greater Efficiencies), a global green certificate by IFC World Bank.
Pizzerella introduces Familia bundle Story by MARK FRANCISCO
PIZARELLA CDO introduces the Familia family bundle. For every order of three large Primo pizzas, you’ll get one small Hawaiiano pizza and two free softdrink for only P1,2999. Add P59 to upgrade to 1.5L softdrinks. And if you get the Familia family bundle, you’ll instantly avail of the Pizzerella Reward Card for free. Pizzarella CDO’s favorite remains to be Madcow, their spiciest variant. It became an instant hit in Iligan City when it was first introduced there and
remains to be to this day even in Cagayan de Oro. Other variants on the menu are Fino, Carnosa, Tacorella, Burgerella, Burro, BoraBora, Aglio and Spinto. Pizzarella provides diners with finely crafted pizzas using the freshest ingredients from local vendors. The resulting savory pizzas are inspired by Italian and Filipino recipes as well as from their very own kitchen recipes. The ambience of the place is rustic-inspired yet with contemporary cozy sensitivity.
To date, they already have a total of four branches – two in Iligan City and two here in Cagayan de Oro. They hope to open more soon. “We always endeavor to give your money’s worth with our quality pizzas and satisfactory service. This is why our customers return time and time again,” quipped owner Remi Portado. “The business started with a dream. We made that dream into a reality. We poured our heart and soul to the making of the delicious savory pizza that we have now come to love and enjoy.”