BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 132
Market Indicators
As of 5:00 pm March 30, 2017 (thursday)
FOREX
PHISIX
US$1 = P50.221
7,327.89
X
4.1 cents
3.89 points
X
Briefly
Flood control DAVAO City -- The city government of Davao is fully supporting the conduct of feasibility study for a flood control and mitigation project in the area. Chief City Information Officer Jefry Tupas on Tuesday said City Planning and Development Coordinator Ivan Cortez gave assurances that the city would actively back the master plan and design proposed by the Japan International Cooperation Agency. A team from JICA recently presented to the city government the outline it has prepared for the conduct of a feasibility study on a flood control and mitigation project in the city. The study, Tupas added, will focus on the Davao River “with an emphasis on the need for continued investment in disaster risk reduction in the city.”
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HE House of Representatives is set to drag the Department of Energy (DOE) into another round of investigation on why it has not been able to efficiently evade the massive maintenance shutdown of power plants during summer months when demand would typically peak and supply could run tight. In a resolution filed by Bayan Muna Representative Carlos Isagani Zarate, the energy department will be quizzed on the circumstances following reported maintenance downtime of at least 20 power generation facilities throughout summer’s duration – lasting
until June. Based on the outlook drawn up by system operator National Grid Corporation of the Philippines (NGCP), reser ves would run low particularly on the months of April and May. And what has been missing in probe/PAGE 11
MIDNIGHT ‘SIKWATI’: Craving for hot chocolate and suman at midnight? If you’re in Davao City, go to Bankerohan public market for the chocolate drink locally known as “sikwate,” best partnered with suman (rice cake). Price is reasonable and the place is open 24/7. MindaNews photo by FERDINANDH B. CABRERA
‘Free tuition’ in SCUs ‘likely’ in June
Bridge repair THE Department of Public works and Highways (DPWH) Region 10 announces that the ongoing Igpit Bridge Widening along Butuan-Cagayan De Oro-Iligan Road (BCIR) situated in Opol town, Misamis Oriental with a net length of 45 L.M. is expected to be completed in April this year if no untoward incident will occur during the implementation of the project. The said target is earlier compared to its expiry date on June 22, 2017 says UKC Builders Inc., project contractor, who pledged that they will make every effort for the bridge to get done. On March 7, there was a report on the collapsed temporary structure (stone masonry retaining wall) which is part of the ongoing Igpit Bridge construction that caused traffic congestion in the area. The said collapse of about 12 L.M. retaining wall was due to too much water saturation of the base soil that supports the said temporary structure brought by water pipe leakage and consecutive rainfall.
IN-DEPTH
By MARK FRANCISCO, Staff Writer
BANGUS FINGERLINGS. Bangus growers off-loads a batch of young fish, also called as ‘garungan” at a docking area of the Manapa river in Buenavista, Agusan del Norte. These young bangus will be transported into growing cages in Carmen town where they are raised and grown until harvest time. Photo by Jun Ayensa
THE PRESIDENT of Mindanao’s premier state university on Wednesday has expressed confidence t hat President Ro dr igo Duterte would sign into law the “Affordable Higher Education Act” before June so that the free tuition fee in all state-owned colleges
and universities can take effect for school year 20172018. Dr. Ricardo Rotoras, president of the University of Science and Technology of (Southern) Philippines (USTP), said the passage of the bill last March 13 s i g n a l s t h e h o l d i n g of
the bicameral conference committee b etween the two houses of Congress before President Duterte could sign it into law. “Once signed into law, the free tuition fee in all college levels would start in the next academic year, which will start on June 2017,” Rotoras said. tuition/PAGE 11
Thanks for the tractors but a political problem needs political solution: Jaafar By ANTONIO L. COLINA IV, MindaNews
D AVA O C i t y — T h e government (GPH) must deliver a “political solution” to end the Bangsamoro armed struggle by fully implementing the 2014 Comprehensive Agreement on B angs amoro (CAB) through the passage of an acceptable enabling law, said Ghazali Jaafar, the new chair of the Bangsamoro Transition
Commission (BTC) who is also first vice chair of the Moro Islamic Liberation Front (MILF). “This is a political problem and it can only satisfy the Bangsamoro people pag nadeliver ang political solution (once the political solution is delivered),” Jaafar said Wednesday at the Waterfront Insular Hotel Davao during
the celebration of the 3rd anniversary of the signing of the CAB on March 27, 2014. He said he appreciates the efforts of the government in trying to solve the issues through economic means in order to trigger development in the Autonomous Region in Muslim Mindanao (ARMM) but what the Bangsamoro people seek are selfdetermination and their own jaafar/PAGE 11
MORE POLITICAL WILL. Bangsamoro Transition Commission chair Ghadzali Jaafar reiterates that a political problem requires a political solution as he pushed for the full implementation of the Comprehensive Agreement on the Bangsamoro (CAB). MINDANEWS PHOTO
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DA holds talk with women in coffee industry CITING the low participation rate of women in the economic aspect of development, the Philippine Commission on Women partnered with the Department of Agriculture – Regional Field Office 10 (DARFO 10) to host a Roundtable Discussion which looked into the state of women in the coffee industry. The event was held on March 23, 2017 with other concerned agencies namely: Department of Trade and Industry Region 10 (DTI10), Department of Science and Technology Region 10 (DOST-10), Philippine Coffee Alliance, Philippine Coffee Board, Rural Improvement Club (RIC) Kape Maramag, Coffee for Peace, Marayag C offee/Rubber Farmers Association (MACORFA),
Central Mindanao University (CMU), DA-Bureau of Plant Industry (DA-BPI), and DAPhilMech. PCW under its GREAT Women Project 2 (GWP2) spearheaded the event which aimed to enable and promote gender equality and gender equity in the case of Women Micro-entrepreneurs (WMEs). “This project aims to upscale opportunities for women in medium and small businesses,” Patrick Asiñero, GWP-2 assistant project manager said. Asiñero said that in spite of the praises for ranking highest in gender equality and women empowerment in the Asia-Pacific region, Filipinas still continue to talk/PAGE 11
Economy
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RTWPB-10 conducts provincial public wage consultation in Bukidnon M ALAYBALAY City -- The Regional Tripartite Wage and Productivity Board (RTWPB-X) in coordination with the Department of Labor and Employment, Regional Office No. X, through its Bukidnon Provincial Field Office (Buk PFO) conducted its Provincial Wage Consultation in Malaybalay City. There were 43 individuals attended the consultation including the members of the board, the management representatives, members of the Organisasyon sa Gagmay ug Yanong Obrerong Nagkahiusa (OGYON), and representatives from the District Tripartite Council (DTC) of the Sugarcane
Industry. One of the highlights of the consultation was the presentation on the Economic Situationer by National Economic Development Authority (NEDA-X), Chief Research Development Engr. Clark Y. Clarete. Clarete emphasized that the province of Bukidnon has been rated 95.8% for employment, 3.6% inflation rate from 20102016, P376.52 rate for poverty threshold and a poverty rate incidence of 49%. L i ke w is e, Bu k id non Provincial Director of the Department of Trade and Industry (DTI) Director
Ermedio J. Abang presented the updates on the prices of basic goods and commodities with comparative analysis from July 2015 to February 2017 showing the average increases such as family sardines at 2.24%, carnation milk at 0.72%, bear brand with iron at 1.02%, purefoods at 3.58%, great taste coffee at 1.04% and champion and surf detergent bars at .14%. “I am very grateful that I am invited on a public wage consultation, this shows that the government is willing to hear the concerns of the different industries,” say Ignacio D. Baquiler, DTC Field Workers’ representative.
DOLE-10 Bukidnon Head Raul L. Valmores explained that RTWPB is an attached agency of DOLE, pursuant to Republic Act No. 6727. “Its mandate is to fix the amount of minimum wages on the regional, provincial and/or industry level/s. It also promotes productivity improvement and gain-sharing programs. Hence, public consultations are conducted to discuss and develop the consensus of the management and the industrial workers’ views on wage issues and concerns in the region,” said Valmores. (Jessamie M. Aliño, LEO II/DOLE-X/Bukidnon Provincial Field Office)
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Fraternal Order of Eagles (Philippine Eagles) Kuya National President Louie Ceniza (center) leads in the induction of new members of the CDO Diamond Eagles Club during rites held last Friday at Philtown Hotel in Cagayan de Oro City. Also in photo are the officers of NMR4 led by Gov. Nelson Alonto-Sarapuddin (left, same row). PHOTO SUPPLIED
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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Motoring GILBERT Y. CHAO - Motoring Editor
Ford Island Conquest in the 2017 Manila International Auto Show Ford Philippines is currently staging the third stop for their Ford Island Conquest campaign in the 2017 Manila International Auto Show that is to be held until April 2 at the World Trade Center in Pasay City. The Ford Island Conquest venue repres ent s a cross between a scaled-up showroom and a test drive venue with highlights and design twists that will offer the ultimate test drive for the Everest, Ranger and EcoSport. Fun-filled activities are also available for the whole family. The Everest is engineered
for extraordinary, equally suited for a comfortable cruise through the city or to effortlessly take on any terrain. Its bold and stylish design features a quiet, refined interior, smart technologies, exceptional on-road dynamics, and capabilities that include best-in-class ground clearance of 225mm and water-wading up to 800mm. The Ranger sets the industry benchmark in the pickup truck segment with its unmatched combination of quality, passenger comfort, and versatility. With 237mm ground clearance, 800mm
water wading, and unsurpassed towing capacity, no flood can intimidate this smart and ‘Built Ford Tough’ truck. The EcoSport combines the maneuverability, affordability, and fuel economy of a compact car with the practicality and spaciousness of an SUV in a contemporary and stylish package. With 200mm ground clearance and best in class water wading capability, the EcoSport’s versatility can take on any urban adventure in style. For updates on Ford Island Conquest, visit www.facebook. com/fordphilippines.
drivers, Hino Batangas promises uncompromising reliability, safety and economy in transport to clients in the area,” HMP President Mr. Hiroshi Aoki shared. HMP is optimistic that Hi no B at ang as w i l l help propel the business with the thriving trading, commercial and industrial activities in the locality, in particular goods shipment in Batangas port. Hino Batangas aims to continue providing efficient trucking solutions to meet growing logistics demand in the area. HMP has been engaged
in the assembly and exclusive distribution of quality Hino t r u ck s and bu s e s i n t h e Philippines for more than 40 years. Known for providing
safe, durable and reliable trucks, HMP complements the transport needs of businesses ranging from small and medium enterprises to big corporations.
Hino expands dealer network Hino Motors Philippines (HMP), the exclusive distributor of Hino trucks and buses in the Philippines, continues to solidify its commitment
to total expansion with its newly inaugurated dealership in Batangas, also known as CALABARZON’s industrial port city.
Managed by Lovi Motors Corporation, Hino Batangas is a fully equipped sales, spare parts, and service dealership that provides innovative transport solutions. It is strategically located along Diversion Road, Balagtas, the route usually taken by trucks and buses going in and out of the Batangas City port area. “Hino Batangas is a testament to our unwavering dedication to make our products and services more accesible to clients across the Philippines. By serving as a one-stop shop for Batangas truck and bus owners and
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Opinion
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How to Receive GOD’s Best (Part 2): MIRACLE Versus BLESSING
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ALLAN mario MEDIANTE
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Good Directions Think a minute…A man from the city was taking a drive out in the country and got lost. He stopped to ask a farmer for directions: “Where’s the main highway to the city?” The farmer answered: “I don’t know.” So the driver asked: “Well where does this road go?” Again the farmer answered: “I don’t know.” Frustrated, the driver said to the farmer: “You don’t know much, do you?” The farmer answered: “No, but I ain’t the one who’s lost!” It reminds me of the true story about the famous scientist, Albert Einstein. Einstein was taking a trip on a train. When the clerk came through asking for everybody’s ticket, Einstein couldn’t find his. Worried, he quickly searched through his pockets and suitcase. Recognizing the famous scientist, the clerk kindly said: “It’s OK, Mr. Einstein, I know who you are.” A few minutes later the ticket clerk saw Einstein still looking for his ticket. Again he said: “It’s OK, Mr Einstein, I know who you are!” Einstein replied: “Young man, I know who I am! I have to find my ticket because I don’t know where I’m going!” The well-known preacher,
THINK
A Minute
“Therefore, my dear friends, as you have always obeyed— not only in my presence, but now much more in my absence—continue to work out your salvation with fear and trembling, for it is God who works in you to will and to act in order to fulfill his good purpose.“- Philippians 2:12-13 One of t he g re atest misconception that we have as Christians lie between miracle and blessing. It was revealed to us that miracle is not equal to blessing and vice versa. In fact, one can avoid the other. All the while we thought miracles are part of the blessings that we receive from GOD. Some of us thought that miracles are little blessings. We were proven wrong. A miracle has b e en
a blessing is permanent, cooperates with the natural order, it is not scarce, in fact, overflowing. It has already been given to us through the cross, therefore it assured and abundant. If you are blessed, you no longer need to pray for miracles. Believing for miracles means we are not taking care and growing GOD’s blessing every day. Not only should we be asking how we can receive GOD’s best, we should also be asking where it is. It is already in us – an undeserved favor. JESUS. He is our blessing, and we receive our spiritual, mental, phy s i c a l, and mate r i a l blessings through Him. “Many Christians are driven by their circumstances, when they should be driving their circumstances and
The Ripple
By AMBongay
reigning in life. GOD does not want us to live merely from miracle to miracle, but from glory to glory.” JESUS became our miracle, so we can live blessed! We are already blessed, so we can be a miracle to someone! This interpretation is based on Ptr. Ron Bayron’s preaching.
Why Christians Should Rethink G12 Christian churches thrive and prosper with Biblical and management wisdom. No doubt, those which cannot balance between the two could either be like cogon fires that are here for a moment, or marketing firms going awry. G12, one of the systems t h at s o m e e v a n g e l i c a l churches adopt these days, raise concerns. Does it make healthy and sustainable congregations? First, let us clarify what G12 is. It is a church program wherein members are either encouraged or pressured to make 12 disciples patterned after the example of Jesus and the great commission. After several lecture sessions, the members are made accountable for the disciples they make. On the surface, the goal of G12 sounds noble: the scheme multiplies the number of “believers” exponentially. They say it is a way to make Jesus come again more quickly as the condition of the second coming is made. They say it is an avenue to make
Christians sacrifice for the kingdom. But not everything noble at the surface survives the test of whether it is from the Lord. To endure the test, it must be both moral and ethical. As a program that demands time and commitment among church members, G12 is responsible for the unmaking of great athletes, doctors, engineers, lawyers and poets among others. And how is this so? Look at what happens to the next Manny Pacquiao: the church demands that he should sacrifice so he is pressured to reduce 30 minutes to one hour of his training regimen to take care of his disciples. The church where he belongs does not even issue a formal appointment for the job of a church worker that he is carrying. The argument: this should be done for the Lord. As a result, the next Manny Pacquiao unwittingly becomes one of the boxing clowns—a suntok sa buwan in-the-making. Can anyone please guarantee that his sacrifice will afford his
eight-division world championships? Let us note that many times, heaven makes us see the fine line between folly and faith. Even if one feels the Lord is obliged to do miracles, this does not make him walk on water— and he will drown. The Pacquiao-turnedclown, then, cannot attract respect from his community, much less from his congregation in lieu of 12 disciples he makes. A light is snuffed because of a Ponzi scheme. What a tragedy! The case of another Pacquaio-turned-clown can happen to any professional involved with G12: take away someone’s focus and he becomes mediocre. In lieu of making great poets, such produce only great dreamers with lofty illusions. Take away a main ingredient common to all successful professionals and you will see the unmaking of the greats. The church must not be accused of discipling the voluntary lames of this world, lest it becomes an “exemplary” blockage to
lucell larawan human progress. Yet we see the fulfillment of the saying, “Mediocrity knows nothing higher than itself…” If some churches convince believers that eggs must be broken to make an omelet, be careful because those eggs could have been raised as great reflections of heaven’s light, yet extinguished by some less transparent hype. Beware. At another angle, G12 makes Christians guilty of fishing in an aquarium. They do not anymore go to the sea because they need to larawan/PAGE 11
Lessons from St. Joseph
Jhan Tiafau Hurst Billy Graham, recently spoke at an important ceremony. He told the audience that he had bought a brand new suit and tie just for that special occasion. Since he is now old and frail, he told the audience he didn’t think he would be attending any more public ceremonies like this so he probably wouldn’t wear his new suit again, not until he dies and is buried in it. “However,” Billy Graham went on to say, “unlike Albert Einstein, I not only know who I am, but I also know where I’m going.” The well-known preacher, Billy Graham, recently spoke at an important ceremony. He told the audience that he had bought a brand new suit and tie just for that Hurst/PAGE 11
something that we find delight in. Why? Because whenever we encounter one, we know it is heavensent and it saves us from a hurdle, an obstacle. Although it feels good to receive a miracle, especially with the wonderful kick of dopamine, it feels momentary. That’s because it is. It is a temporary solution to a crisis. If we are experiencing miracle upon miracle, this means we are slave to crisis upon crisis. It happens when GOD overrides the natural order for us to receive a favor that will get us out of our crisis; it is not predictable and it is scarce. A blessing is the exact opposite of a miracle. GODgiven as well. However, a blessing prevents the need for miracles. This is because
I am sure that the first ones to be most happy at the celebration of the Solemnity of St. Joseph are our Lord, Christ Jesus, and his mother, the Most Blessed Virgin Mary. And we, of course, join them in this family celebration that is done liturgically in the whole Church. Both are, of course, far more superior than this simple carpenter, but they happen to receive the most direct, the most delicate, and yet the most effective and affectionate service from him. Mary needed a husband to legitimize before the eyes of the people the fact that she was going to have a child. And Christ, of course, needed a human father for the human side of his divine mission
here on earth. Joseph filled the bill perfectly. In heaven, there must be some grand festivity in honor of this great simple man. Both Christ and Mary must be eager to tell us that we can learn a lot from St. Joseph. It is very likely that they want us to imitate Joseph’s simplicity and docility. When he thought of separating from Mary because she was found to be with child before they were married, he immediately changed his mind when he was told in a dream the real score of Mary’s pregnancy. And when someone was in a rampage to kill toddlers that would include the child Jesus, he immediately acted to flee to Egypt when he was told, again in a dream, what
he had to do. He just obeyed without raising any question. Joseph just did ver y ordinary things that any husband and father would d o. A n d y e t t h r o u g h these ordinary things he carried out an important and indispensable role in the whole work of man’s redemption by Christ. The lesson we can get here is that all our duties and responsibilities of our state in life, whether we are married or single, father, mother, son, daughter, worker, etc., are a way to cooperate in God’s continuing and redemptive providence over us. We need to appreciate more deeply the significance of our ordinary duties which we often take for granted. And this is all because we
HINTS
and
Traces
Fr. Roy Cimagala are all children of God, and as such, our life is always a life with God. Every one of us has a vocation that gives meaning and purpose, color and direction to our whole life. Whether we are prominent in society or just an ordinary cimagala/PAGE 11
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Gen. Douglas MacArthur Week
History Relived as CDO-Manolo Fortich mark 75th Diamond Jubilee of MacArthur’s Breakout
A
fter 75 years, Gen. Douglas MacArthur kept his promise to return in the first ever reenactment of a World War II historical event staged by the Cagayan de Oro City Historical and Cultural Commission. Directed by Hobart Savior, Xavier UniversityAteneo de Cagayan Director for Culture & the Arts, the reenactment used local talents to relive MacArthur’s arrival at Macabalan Pier on Friday, 13 March 1942 at 7AM. The event incorporated a touch of local history as Sct. Clark Dexter Prudente of the Boy Scouts of the Philippines Cagayan de Oro Council Baden-Powell Troop played the role of his great grand uncle Abelardo Neri Queppet, who as a young boy scout witnessed MacArthur’s arrival by PT Boat at the Macabalan Pier. And while the team could not procure a World War II vintage PT Boat, it managed to get the next best thing: BRP Rafael Pargas (PG379) the ninth ship of the Jose Andrada class coastal patrol boats of the Philippine Navy that’s the closest vessel in tonnage, armament, dimensions and personnel complement to a PT-Boat we have, courtesy of the Naval Forces Eastern Mindanao under the able leadership of Capt. Ramil Roberto B. Enriquez, PN (GSC). In fact, except for the 25mm Bushmaster chain gun in the fore deck and
the four torpedoes of the WWII-era PT Boats, the two boats are practically identical though a battle ready PT Boat has a flank speed of 40 knots to the Andrada’s 30. Fortunately too for the reenactment team, we had Engr. Elpie Paras on our arsenal, who not only fixed the leaks in the cap of the Marker, repaired the brass star and repainted the PT boat model within, but also provided us with a Plymouth Staff Car and a WWII era DUKW for our reenactment and convoy. Not the least, we had the honor guard of the Philippine Coast Guard Northern Mindanao District under the able leadership of Capt. Leovigildo G. Panopio, who not only manned the flag detail for the raising of the PH and US flags, but also acted the part of the 16-man ground echelon of the 30th Bombardment Group based in Del Monte which was sent to fetch MacArthur and his party at the Macabalan pier and convoy them to Del Monte in Tankulan, present day Manolo Fortich. With the convoy under way, their part in the convoy was taken over by two squads of the Philippine Army
A scene from the reenactment of MacArthur’s arrival at Macbaalan, Cagayan, Misamis in March 13, 1942. (Photo & GFX by Aicy Soriano)
4th Infantry Diamond Division’s RRT Student Batch 01-2017 of the Division Reenlistment Office, who came riding in their WWII vintage M35 2½-ton better known hereabouts as the 6x6, graciously lent to us for the event by Maj. Gen. Benjamin Madrigal, Jr., commander of the 4th ID. Leading the way were motorcycle cops of the Regional Highway Patrol Unit (RHPU) bolstered by units of the Regional Public Safety Battalion (RPSB) of the Philippine
Reenactors reprise the arrival of Gen. Douglas MacArthur and his staff at Macabalan Pier on the 75th anniversary of the event. (photo by Froilan Gallardo)
National Police Regional Office-10 under the able command of PRO-10 Regional Director P/Chief Supt. Agripino G. Javier. Five WWII vintage Willys MB jeeps earlier committed to the convoy from Manolo Fortich and Talakag, Bukidnon, failed to make it in time due to persistent mechanical trouble. Nevertheless, the school children and their teachers from 30 public grade schools and high schools numbering approximately 6,000
enthusiastically greeted the convoy with PH and US flags as it retraced the route taken by MacArthur’s convoy to Del Monte 75 years ago, raining confetti as we passed through the five pedestrian overpasses along the way complete with drum and lyre bands. We thank Dr. Elena M. Borcillo and Dr. Janry Colonia of DepEd Cagayan de Oro City Division for mustering their students and teachers for the Diamond Jubilee convoy with high hopes it
A vintage Plymouth Staff car rolls up to meet MacArthur’s party at the reenactment staged March 13, 2017 on the 75th Anniversary of his Breakout from Corregidor (photo by Elpie Paras)
rekindles the patriotism and sense of history among them which have been not been evident lately. The convoy first stopped at the MacArthur Landmark in Bgy. Dicklum, Manolo Fortich, which marks the Del Monte Airfield No. 1 where the General, his family and staff took off for Australia on two B-17Es on March 17, 1942. Manolo Fortich, which coincidentally is also celebrating its Centennial as a Municipality, rolled out the red carpet for the visitors with a brief program at the Landmark, followed by another convoy led by reenactors to the Manolo Fortich gymnasium where a program honored the five living veterans of WWII in the municipality. Dignitaries from the General Douglas MacArthur Foundation, Norfolk Sister Cities Association, Philippine Veterans Affairs Office, Veterans Federation of the Philippines, Philippine Veterans Bank, Spyron AV Manila and the Cagayan de Oro Historical and Cultural Commission were later treated to a sumptuous lunch by Del Monte Pacific Ltd. at the history/PAGE 10
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thursday|March 30, 2017
Cebu Pacific Air inks maintenance pact with Air France KLM MRO arm The Philippines’ leading carrier, Cebu Pacific Air (PSE: CEB) taps Air France Industries KLM Engineering & Maintenance (AFI KLM E&M) to provide component support for its Airbus A320 fleet. The selection of AFI KLM E&M came following a call for tenders by CEB in September 2016 for the carrier’s expanding fleet of Airbus passenger jets. The long term contract covers a fleet of over 40 Airbus A320s, and encompasses full component support and solutions, including repairs and local pool access to maximize aircraft availability, for both its A320s and its future A321neos. CEB currently has a fleet of 59 aircraft, comprised of four Airbus A319, 36 Airbus A320ceo, seven Airbus A330, eight ATR 72-500, and four ATR 72600 aircraft. “This is our first agreement with Cebu Pacific and also our first component support contract in the strategic Philippines market,” said Gery Mortreux, Executive Vice President of Air France Industries. Between 2017 and 2021, CEB expects delivery of 45 brandnew aircraft as part of its fleet renewal program. Comprised of 12 ATR 72-600 aircraft, one brand-new Airbus A330, and 32 Airbus A321neo, the new aircraft will bring the CEB fleet to 85 by 2021. CEB has one of the youngest and most modern aircraft fleets in the world with an average age of 4.94 years. “We are extremely proud to number Cebu Pacific Air among our clients, and support the development of one of the most successful Low Cost Carriers in this fast growing market,” added Fabrice Defrance, Senior Vice President Commercial AFI KLM E&M. On the strength of this major contract, and of several other recently-won contracts in the region, AFI KLM E&M currently occupies strong positions in the South East Asia aircraft maintenance market. In 2017, AFI KLM E&M will see a sharp rise in the number of A320 support
contracts, especially in Asia. In so doing, the Group is asserting its expertise on this aircraft, especially in the A320ceo and A320neo arena. About Cebu Air, Inc. (PSE: CEB) Cebu Air, Inc. is the largest carrier in the Philippine air transportation industry, offering its low-cost services to more destinations and routes with higher flight frequency within the Philippines than any other airline. Together with its wholly-owned subsidiary, Cebgo, CEB has the most extensive network across the Philippine archipelago with a total of 37 domestic destinations, seamlessly connecting the most exotic island destinations in the Philippines to 29 international destinations across Asia, Australia, the Middle East, and the USA, bringing its total domestic and international routes to 104. For bookings and inquiries, guests can visit www.cebupacificair.com or call the reservation hotlines (+632)7020888 or (+6332)2308888. The latest seat sales can be found on CEB’s official Twitter (@CebuPacificAir) and Facebook pages. Guests may also download the Cebu Pacific official mobile app on the App Store and Google Play. About AFI KLM E&M Air France Industries KLM Engineering & Maintenance is a major multi-product MRO (Maintenance, Repair, Overhaul) provider. With a workforce of over 14,000, AFI KLM E&M offers comprehensive technical support for airlines, ranging from engineering and line maintenance to engine overhaul, aero structure and fan thrust reverser support, as well as the management, repair and supply of aircraft components, structured around a powerful logistics network. AFI KLM E&M supports almost 2,000 aircraft operated by 200 major international and domestic airlines. For more information, visit www.afiklmem.com or mobile.afiklmem.com
LifeStyle
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CDO RFC Rafters are 1st Araw ng Dabaw Rugby 7’s Champs T he Cagayan de Oro Rugby Football Club (CDO RFC) Rafters brought pride to Cagayan de Oro City after winning the the 1st Araw ng Dabaw Rugby 7’s Tournament held last March 19, 2017 at the Ateneo de Davao University in Davao City. Once again the Rafters proved their ultimate force in Grassroots Rugby in the Philippines with a dominating performance, winning all 4 games and beating the Dagiangas Generals RFC of General Santos and Durians RFC of Davao in Rugby 7’s games.
Rafter Scrum Half Elias Torosa in action against the Dagiangas Generals RFC of General Santos City.
The Rafters’ Team Captain Gavine Montante continued his run of form with a perfectly timed Off Load to incoming support Rafter Chuck Martin Echano. The stand out players during the tournament were Captain Gavine Montante who led the back line, Nick San Tomarum who was the leading Try scorer of the tournament with 8 tries, Scrum Half Elias Torosa who controlled the ball well and Kevin Koh, a former U20’s Philippine Volcanoes National Player, guided the front row. The rest of the Rafters also played well and have complemented each other on the field which led to the team winning all 4 games and ultimately bagging the champions’ trophy. The MVP Award was awarded to CDO RFC’s very own Benton Korne, a Papua New Guinean student from Valencia who impressively played and showed powerful tackle breaking runs as well as scored 5 tries.
Rafters showing the Cup and their medals as Araw ng Dabaw Rugby 7’s Champions. From top left; Frank Lichie, Kevin Koh, Rafael Gonzales, Nino Elago, Nick San Tomarum, Gavin Montante (Captain), Wayne Patrick Salmo. From below Left; Chuck Martin Echano, Noel de los Reyes Villa (Playing Coach and Team Manager) Benton Isidor Korne (MVP), Elias Torosa, Axl Metalmulisha Pornia, JR Eduave. The Rafters are currently recruiting new members for their U12, Men and Women’s Teams and are preparing for another Junior Rugby Summer Camp for boys and girls. They can be reached through their Facebook Page and Instagram accounts @cdorugbyclub or email address cdorugbyclub@gmail.com. CDORFC would like to extend their special gratitude to Grahame Walton, Jayson Koh of Party Barn Korean Restaurant, Lite Haus Eatery in Kisolon, Bukidnon and PRFU for making the Rafters’ tour possible.
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CorporateWorld
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thursday|March 30, 2017
Ayala consolidates auto ventures C
ONGLOMER ATE Ay a l a C o r p . i s consolidating its assets in manufacturing and vehicle distribution and dealership under its subsidiary, AC Industrials Technology Holdings, Inc. Ayala told the local bourse its unit AYC Holdings, Ltd. (AYCH) will transfer its 50.6-percent ownership in Integrated Micro-Electronics, Inc. (IMI) to AC Industrials through a special block sale of its shares, subject to the approval of the Philippine Stock Exchange. It said this transaction was granted exemptive relief
from the application of the mandator y tender offer rules by the Securities and Exchange Commission last March 21. This on the ground that the change in the form of Ayala’s ownership of the IMI shares is by no means a takeover by a third party and will not affect the management and control of IMI. IMI is the 21st largest electronics manufacturing service provider and the sixth largest automotive electronic manufacturing services provider in the world based on revenues,
with technological and management expertise in automotive, telecom and industrial electronics, among others. AC Industrials currently holds Ayala’s interests in automotive distributorship which include stakes in Honda Cars Philippines, Inc. and Isuzu Philippines Corp.; and full ownership i n I s u z u Au t o m o t i v e Dealers, Inc., Automobile Central Enterprise Inc. and Adventure Cycle Philippines Inc. Ayala said the transaction c re at e d a p l at f or m t o execute on Ayala’s vision
to “assemble a portfolio of businesses that own, develop, enable, manufacture and commercialize automotive and other industrial technologies across various platforms to capture opportunities in the domestic and global markets.” “Through its wider reach and industry coverage, AC Industrials seeks to play a bigger role in manufacturing an d c ont r i but e t o t h e country’s rise as a Southeast Asian (ASEAN) industrial hub, directly providing IMI a foothold in the industry,” IMI said in a separate disclosure. (PNA)
Del Monte raises over $150M from US dollar shares
Fifteen-year-old Jianne Paasa is the Lady of the Night during the Misamis Oriental General Comprehensive High School ball for junior high school completers held last Friday at Harbor Lights Hotel in Cagayan de Oro City. PHOTO BY CARLO BRIONES
DEL MONTE Pacific Limited will partially exercise the over-allotment option for the country’s first offering of US dollar-denominated securities, the issue manager of the deal said. O n t h e s i d e l i n e s of the listing ceremony of Megaworld C or p.’s P12 billion fixed-rate bonds in Makati City on Tuesday,
BDO Capital & Investment Corp. President Eduardo V. Francisco told reporters Del Monte will raise “a little over $150 million” from the sale of dollar-denominated preferred shares, but it will be less than the maximum amount to be raised $250 million. “Oversubscribed kaya lang kulang sa time. Hindi
Philippine supermarket that is a member of the International Grocers Alliance (IGA), an international organization of nearly 5,000 trusted hometown supermarkets a l l ov e r t h e w or l d . It constantly upgrades its facilities to deliver on its customer value proposition, convenience, in all its malls and supermarkets. At the contract signing between Walter Mart and AboitizPower, Ochie Gloria, AboitizPower First Vice President for Energy Sales and Trading, said signing up with suppliers that have the size, portfolio of power plants and experience in the industry, gives customers peace of mind, knowing
their power supply will be reliable. “We thank Walter Mart for their confidence in AboitizPower and we are excited to work with them as we share the same vision of delivering reliable customer service,” Gloria said. AboitizPower is one of the Philippines’ leading electric power generation company with a balanced mix portfolio of renewable energy and thermal power plants. Together with its partners, it has a 3,995-MW net sellable capacity to date. AboitizPower’s power distribution business includes eight distribution utilities (DUs), including the second and the third largest private DUs in the country.
Walter Mart set for expansion, inks power deal with Aboitiz AS part of its expansion for 2017, community mall pioneer Walter Mart is adding four malls, in line with its target to double its current portfolio of 23 community malls and supermarkets within the next five years. Branches are being eyed in Tarlac, Nueva Ecija, Bulacan, and Batangas. To support its growth and sustain its “everyday happy mall” feel among many Filipino families in Metro Manila and Luzon, Walter Mart signed a 4.7-megawatt (MW) power supply contract with AboitizPower under the Retail C ompetition and Open Access (RCOA) regime. Abraham Uy, chairman
of WM Shopping Center Management, Inc., said having a reliable power supply and a dependable partner will allow Walter Mart to focus on giving its customers a happy shopping experience -- with up-to-date facilities and an exciting mix of retail, dining, and shopping options. “As we grow our portfolio, we need a reliable power supply to ensure convenient shopping for our valued customers every day. We trust that AboitizPower, with its proven track record in power generation and distribution, has the capacity to meet our requirements and help us deliver on our brand promise,” Uy said. Walter Mart is the only
naman namin ma-extend ’yung offer period kasi kabangga namin ang RTBs (It’s oversubscribed but we lack time. We couldn’t extend the offer period because it will be up against RTBs). That’s part of a clear market,” Mr. Francisco said, referring to the government’s issuance of retail treasury bonds, which started yesterday. The offer period for the sale of 15 million dollardenominate d prefer re d shares priced at $10 per share, with an oversubscription option of up to 10 million shares, ended on Tuesday. The shares will be listed on the Philippine Stock Exchange on April 7. Demand from institutional investors and high net worth individuals have f ully covered D el Monte’s $150-million dollardenominated securities offering at pricing date on March 20, Mr. Francisco said on March 22. The dividend rate for the securities was pegged at 6.625%. “ We’r e v e r y h a p p y because it shows you how good Del Monte as a name is,” Mr. Francisco said. Del Monte is the first company to take advantage of t he ne w invest ment instrument, which allows listed companies to raise fresh capital in US dollars to meet their dollar requirements.
It also provides investors with dollar holdings an a lt e r n at i v e i nv e s t m e nt vehicle. As of March 24, only eight brokers are eligible to trade dollar-denominated securities. The global fruit canning giant is using proceeds from the offer to refinance a $350-million bridge loan with BDO Unibank, Inc. that partially funded the $1.68-billion acquisition of Del Monte Foods, Inc. (DMFI) in 2013. Del Monte expect DMFI, which accounts for 80% of sales, to recover in two to three years. Operations in the United States has posted sluggish sales amid lingering weakness in the canned fruit industry, supply-related issues that dampened the sales of regional brands in the packaged vegetable category, and lower sales of the private label business. The company is likewise ramping up sales to China as part of a multi-year goal to jack up the share of the non-US businesses to 40% of total revenues from 20% and reduce the contribution of the US to 60%. For the nine months ending January, Del Monte posted a net profit of $19.9 million, down 38% from a year earlier, after sales fell around 2% to $1.71 billion.
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Friday|March 31, 2017
Banking&Finance
9 OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY
A PUBLIC SERVICE BY:
Last January 25, 2017, DAVIES PAINTS signed a contract agreement with United Architects of the Philippines as a major sponsor of the 43rd UAP National Convention. For many years, DAVIES PAINTS has been supporting the UAP with its vision of improving the living standards of the communities and providing service of value to the society. Celebrating the theme of SHIFT: Shaking up the Architecture Practice, the event will be held on April 27-29, 2017 at the SMX Convention Center, Pasay City. Included in the photo for the contract signing at the UAP Headquarters in Scout Rallos, Quezon City are (L-R) Ar. Dante Aguirre, UAP (Marketing Chair-43rd National Convention); Ar. Michael Pena, UAP (2017 CONEX Director); Ar. Willie Chua, UAP (43rd National Convention Director); Ar. MA. NINA BAILON-ARCE, FUAP, AA, APEC, AR, National Executive Vice President; Mr. Johnlee Garcia, Davies Paints, President; Ms. Jojie Quintos, Davies Paints, Vice President for Marketing; Ar. Tony Valdez, UAP, (Executive Director Conventions and Assembly).
Fitch affirms investment grade rating on PHL
F
ITCH R atings on Wednesday affirmed its investment grade rating on the Philippines, given the domestic economy’s sustained robust growth. In a statement, the debt rater said the decision to affirm its ‘BBB-‘ rating with Positive outlook on the country was made on back of the economy’s “continued strong and consistent growth performance, a robust net external creditor position and government debt levels that are lower than median peers in the ‘BBB’ rating category.” Fitch’s current rating on the country Fitch explained that t h e d o m e s t i c o u t p u t’s performance was “a rating strength” after noting the 6.8 percent expansion in 2016, which was higher than the previous year’s 5.9 percent. This output, it said, was
“supported by continued strong growth in private consumption spending and investment.” Importance of inflows from overseas Filipinos, which has been a major growth driver and accounts for about 10 percent of gross domestic product (GDP), continued to boost domestic spending, it said. Remittances grew by five percent in 2016, higher than the Bangko Sentral ng Pilipinas’ (BSP) four percent growth target. Investment, in turn, remains strong on back of higher infrastructure spending, which gets backing from both the government and the private sector. Sustained growth of the business process outsourcing (BPO) was another growth driver, it said, as it provided employment and b o ost domestic demand. With these factors, Gross
Domestic Product (GDP) in the last five years ending 2016 averaged at 6.6 percent, higher than the 3.2 percent medium for ‘BBB’-rated economies. For 2017, the debt rater exp e c ts t he Phi lippine economy to grow by 6.8 percent and by 6.7 percent in 2018. The growth forecast for the country this year is within the government’s 6.57.5 percent target while the 2018 GDP target is seven to eight percent. The report cited increased violence as the Duterte administration addresses the illegal drugs issue but pointed out that “macroeconomic performance has remained strong” and that “domestic political stability has been maintained.” It said monetary and exchange rate policies in the country “are effective” and the central bank “has been able to maintain inflation
PHL aims to include casinos in dirty money law: Pimentel THE PHILIPPINES could tighten its money laundering law this year to cover casinos, its top lawmaker said on Monday, in a move aimed at plugging loopholes that allowed $81 million stolen from Bangladesh to pass through Manila gaming venues. The Senate aims to approve its version of the bill in May and it is likely the lower house of Congress would hold separate discussions on its version around the same time, said Senate President Aquilino L. Pimentel III.
Ap ar t f rom s t r i c t enforcement of a “knowyour-customer rule,” casinos would, under the proposed amendment, be required to report to the country’s anti-money laundering body accumulated bets within a 24-hour period totalling P3 million, he said. The review of the existing law comes after a breach last year of Bangladesh Bank’s systems and use of SWIFT messaging network to request nearly $1 billion from its account at the New York Federal Reserve in early
February. The branch of the US central bank rejected most of the requests, but $81 million disappeared into casinos and other entities in the Philippines. “The pending bill is one of the products of the (senate) investigation,” Mr. Pimentel told reporters, referring to the inquiry it conducted last year into the stolen Bangladesh central bank money. The exclusion of casinos from the current scope of the anti-money laundering laws casinos/PAGE 10
at modest levels.” ”The foreign exchange managed-float regime allows the peso to act as a cushion against external shocks, as evidenced by the downward adjustment in the currency following portfolio outflows in 2016.” F i t c h s a i d t h at t h e upcoming change in the BSP regime, with BSP Governor Amando M. Tetangco Jr. stepping down from his two six-year terms on July 2, “will be important in the context of policy stability and credibility.” It, however, said that over-a l l t he debt rater will continue to monitor de velopments since its rating on the country is “constrained by relatively weak governance standards, a narrow government revenue base, and levels of per capita income and human development that are below the ‘BBB’ median”. (PNA)
Tetangco: better to name next BSP chief early
BANGKO Sentral ng Pilipinas (BSP) Governor Amando Tetangco Jr. favors the early announcement of his successor. “I think the name of the successor should be announce d as e arly as possible,” he told reporters at t he sidelines of t he Management Association of the Philippines (MAP) e conomic br ief ing and general membership meeting in Makati Shangri La Tuesday. “The earlier (the name of the incoming BSP Governor is announced), the better,” he chief/PAGE 10
AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274
METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057
ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893
METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162
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BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN
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PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.
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ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415
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Friday|March 31, 2017
Rotaract Club of West CDO’s Disaster Risk and Calamity Preparedness Workshop and Peace and Conflict Resolution Symposium for 500 students of Fr.William Masterson Elementary School in Cagayan de Oro City in partnership with Northern Mindanao Progressive Society. PHOTOS SUPPLIED
History... from page 6
historic Del Monte Lodge, where MacArthur, his family and general staff stayed from March 13-17, 1942 while waiting for their ride to Australia to arrive. For the finale before the ride home, the visitors dropped by the Mangima Heroes Shrine at the Mangima Canyon Springs and Country Park, where 24 guerrillas under the able leadership of Capt. Ramon M. Onahon ambushed nine trucks of Japanese soldiers on August 5, 1942, killing 90. Brig. Gen. Restituto Aguilar, Division Chief of the Veterans Memorial and Historical Division of the PVAO, lauded the organizers for the event, but reminded them these have to be held every year to help keep the memories of the Filipino patriots alive in the hearts of all Filipinos, lest these fall into oblivion as time goes by. The reenactment cast of the arrival of Gen. Douglas MacArthur at Macabalan Pier, Cagayan, Misamis on March 13, 1942 included the following: Jose Larrabaster (as Brig. Gen. William F. Sharp), Gerald Blakemore (Sgt. Hunter), Kin Escrin (Col. William Morse); Lt. Stalin Aldaya (Lt. John D. Bulkeley); Mike Baños (Gen. Douglas MacArthur); Goldemeir Cinco-Malna (Mrs. Jean MacArthur); Dylan De Vera (Arthur MacArthur IV); Glory Mae Mañus (Ah Cheu); James Dunsmore (Brig. Gen. Richard K. Sutherland); John Wiebe (Lt. Col. Sidney Huff ); Kerry Kvanli (Maj.
Charles Morehouse, M.D.); Ron Steven Pacatang (Capt. Harold G. Ray); Clark Dexter Prudente (Sct. Abelardo Neri Queppet); PT Boat Crew (BRP Rafael Pargas, CG379, PN); Honor Guard (Phil.Coast Guard Northern Mindanao District); Convoy Escort (4th Infantry Division, Phil. Army & RHPU & RPSB, PNP PRO-10) The reenactment crew included the following: Hobart Savior (Director); Owen Jaen (Asst. Director); Sherwin Estavilla (Executive Producer); Jose Rex Soriano (Warbdobe Consultant); Gil Macaibay III (Mrs. MacArthur’s & Ah Cheu’s wardrobe); Carl Carson (Lights & Sound); Ma. Cecilia C. Rivera (Narrator); Joy Kvanli (Make-Up); Sarah Prudente (Production Assistant); Genevieve Q. Ramonal (Production Assistant).Ushers (BadenPowell Troop, BSP CDO Council) (RMB)
Casinos... from page 9
and a strict bank secrecy law have made it difficult for authorities to track the Bangladesh money trail and identify the perpetrators. Bangladesh’s central bank has retrieved just under a fifth of the stolen funds. The plan is for President Rodrigo R. Duterte to sign the measure into law this year, Mr. Pimentel said. Mr. Duterte has expressed frustration at the country’s ant i-mone y l aunder ing body for lack of progress in tracking the proceeds of illegal drugs trafficking, a task made more difficult by its tough bank secrecy laws.
Amending the law had been an uphill battle because of fierce lobbying by the gaming industry, according to lawmakers. Casinos last year raked in P149 billion in gross gaming revenue, data from the gaming regulator showed. Mr. Pimentel also said the Senate would not close its doors to reopening the investigation into the heist, given that only a small amount had been recovered. Asked whether the revelation by US Federal Bureau of Investigation that North Korea was responsible could compel lawmakers to revive the probe, Mr. Pimentel said: “Allow us to process the information first.” -- Reuters
Chief... from page 9
said. Vetting of the candidates for the BSP governor position are ongoing, he said. Among the names that have come up as next BSP chief are current BSP Deputy Governors Diwa Guinigundo and Nestor Espenilla Jr., EastWest Bank president and CEO Antonio Moncupa Jr. and former trade secretary Peter Favila. Tetangco earlier said the next BSP chief should have a good understanding of job, patience and a knowledge of how to work with the central bank. Under the New Central Bank Act, the term of a BSP governor may only be extended once. Te t a n g c o w a s f i r s t appointed as BSP governor under the term of former President Gloria MacapagalArroyo in 2005 and was
re-appointed by former President Benigno Aquino III in 2010. President Duterte earlier said he favors a third term for the BSP governor position.
DILG 10 celebrates World Water Day 2017 CAGAYAN DE ORO CITY -- The Department of the Interior and Local Government (DILG) Region 10, in cooperation with Xavier University- Ateneo de Cagayan, and SM celebrated 2017 World Water Day Celebration at SM Event Center, Cagayan de Oro City on 22 March 2017. “The World Water Day emphasizes the importance of water in our lives. This will also remind us that fresh water is a finite resource and therefore it needs to be conserved and preserved,” said DILG Assistant Regional Director Nilo P. Castañares during the opening program of the event. The celebration aims to: increase the level of awareness of the public about the annual global day celebration, and advocate the protection and sustainable use of water resources through initiating various activities that promote significance of the festivity. Being one of the government agencies that advocates the importance of conserving clean water resources, Castañares lauded the program of the Department that aims in providing safe and potable water in communities, otherwise known as the SALINTUBIG (Sagana at Ligtas na Tubig para sa Lahat). According to him, “Aside from infrastructure component of the water system facility, we in the department, also improves the capacity of the functionaries of the municipalities, and barangays by providing training of water system project implementation and operations and management.” The World Water Day Celebration in the Region involved video presentation on water stories, exhibit of MDGF 1919 Poster Making Contest National and Regional Awardees, and slide show on Water Source Validation of SALINTUBIG/ Bottom-UpBudgeting (BUB) local government unit (LGU)-Beneficiaries. Moreover, included in the celebration is the Short Film Making Contest participated by tertiary level students from Cagayan de Oro. University of Science and Technology of Southern Philippines (USTP) bagged the first place with their film entitled, “Pahiyum ni Junjun sa Dalagang Sapa.” Following them are entries from the Cagayan de Oro College Phinma: “Kalas” (second place), “Water” (third place), and “Ang Miduslak sa Kamatuoran Kaniadto, Karon ug Ugma” (fourth place). (DILG X)
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thu-fri|March 30-31, 2017
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the outlook and even in the planning pronouncements of the DOE had been the “forced outages” factor in power plants – considering that many fleets are aging; as well as the capacity de-rating of some generating assets like the hydro facilities. The NGCP as system operator has the information crux on the scheduling of power plants’ maintenance and will correspondingly report such to the DOE for proper coordination. Energy Undersecretary Felix William Fuentebella appr is e d t he public in his media interviews that participating interruptible load program (ILP) and the Malaya thermal plant will be called upon for dispatch if supply would breach decent reserve level. These contingencies, however, will trigger increases in power rates to be billed to consumers – circumstances that could have been avoided if power plant shutdowns are not scheduled at peak demand months and of overlapping extent. Z a r at e p o i nt e d o u t that the DOE “seems not learning or heeding the lessons of the past” – that such circumstances in the power system could cut both ways for consumers – in the form of wobbly supply and/or increases in electricity bills. The lawmaker noted that even if the pass-on of cost impacts would be staggered, that just entails delaying the bad news for Filipino consumers. “These shutdowns are too numerous and too long and they will definitely cause a spike in power rates if we do nothing about it,” he stressed. Energy Secretary Alfonso G. Cusi has repeatedly told reporters in the past that to avoi d s i mu lt an e ou s shutdowns of power plants, he will opt “for publication of the schedules.” Last year, it was the May elections that had been used as justification for massive maintenance shutdowns around JulyAugust that resulted in rolling brownouts. But nothing of this sort is happening this year. Even with the concerns being raised by industry players, however, the DOE is l e ss p e r tu r b e d w it h t he de velopments wit h Fuentebella guaranteeing to the public that “no power interruptions” will ever distress them even as weather temperatures rise. “We have su f f i c i e nt (supply), but what we are looking at also is sufficiency of reserves,” he stressed.
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He said that the signing of the Affordable Higher Education Act would also allay the fears of students of the Misamis Oriental State College of Agriculture and Technology (MOSCAT) in Claveria, Misamis Oriental that the “merger” of MOSCAT and USTP would trigger a
tuition hike. Fo r m e r R e p. Ru f u s Rodriguez of Cagayan de Oro City authored a law that merged the state-owned colleges in 2014 as one of the pre-requisites prior to the approval of the creation of USTP, formerly known as the Mindanao University of Science and Technology (MUST) that was created in 1991. MOSCAT was originally created in 1927 and held classes at the now Misamis Oriental General Comprehensive High School (MOGHS) in the city’s downtown along Velez Street here. MOSCAT later transferred to Claveria, Misamis Oriental and was then known as Claveria Municipal High School. (PNA)
Jaafar... from page 1
Bangsamoro government. “Yung tulong, maraming salamat (For your help, thanks.) But believe me, ako hindi ko pa nakita ang nabigyan ng gobyerno ng tractor. (I haven’t seen the tractors given by the government). I did not bother to see. Pero sabi ko, hindi naman kailangan ng MILF and Moro people ang seedlings (But I said, the MILF and the Moro people do not need the seedlings),” he said, adding their ancestors have been surviving on their own with their agricultural produce. “Sapag kat kung maimplement ang BBL, may goberyno ang mga Muslim (Because if the BBL will be passed, the Muslim will have their own government.) I can assure you we can take care of ourselves,” he said. The 21-member BTC are targeting the submission of the draft BBL before May 18 for President Rodrigo Duterte to study first before submitting it to Congress. He is expected to certify the bill as urgent during his Second State of the Nation Address (SONA) on July 24. Jaafar urged lawmakers to pass the enabling law for the full implementation of the CAB. “What is important meron tayong batas (we have a law) for, unless a BBL is passed into law by the Congress of the Philippines, we cannot implement the CAB and therefore, no solution …. And therefore, status in the Bangsamoro remains as it is now,” he said. MILF peace implementing panel chair Mohagher Iqbal said “the real issue is how to give self-governance to the Moro people within the context of Philippine sovereignty.” He said the 2014 CAB is more attuned to the experience of the Moro people compared with the 1996 Final Peace Agreement between GPH and the Moro National Liberation Front (MNLF) under founding chair Nur Misuari, as the former will pave the way for a “ministerial government” replacing the ARMM which is “unitary in character.” He said they are hoping
the Congress will pass into law the BTC’s proposed draft of the enabling law to implement CAB, which is a negotiated settlement between GPH and MILF to put an end to four decades of armed conflict. “On top of that, we are confident under the leadership of our friend (President Duterte). We have to bring back peace in our homeland because we believe that there is still hope for a better tomorrow. Let’s unite and together we will make it in order to realize a better tomorrow,” he said. “I would say that there is frustration in every man, but hope is also being rekindled in the face of still so many things waiting to be realized, waiting for implementation. Hope is one thing we cannot afford to lose,” he said. Ambitious Iqbal said that the deadline proposed by government on May 18 for the BTC to complete the draft is “too ambitious a timeline” but if they can finish it “sooner, much better.” “But May 18 is to o ambitious a timeline, I don’t know if we can do that, but best effort, best effort,” he said Irene Santiago, GPH implementing peace panel chair said they are optimistic the BTC will meet the deadline because they are not starting from scratch because they will look into the previous BBL that was not passed in the previous Congress under the Aquino administration. She said the draft must be filed in Congress by June 2017, so that it can be certified as urgent by Duterte in his 2nd SONA. Congress is presently on recess but will resume sessions between May 2 and June 2 then goes into go into sine die adjournment and resume on July 24 with Duterte addressing them in his second State of the Nation Address(SONA) on July 24. She said they can ensure the passage of the BBL by engaging the public with its bigger peace tables to raise awareness of the people on the historical injustices that triggered the Bangsamoro armed struggle. “We need the public opinion that is going to support the right to selfdetermination of the Bangsamoro people. People of the Philippine will have to understand what you mean by historical injustice. We are working on a communication plan,” she said. She said they hope to create a support mechanism from all stakeholders who will push for the passage of the enabling law “because that’s one that is going to stop the violence so we have learned lessons.” D e put y Pre s i d e nt i a l Adviser on Peace Process Nabil Tan, chair of the five-member GPH peace implementing panel dealing with MNLF’s Misuari faction, said they will follow the sixpath peace development track in addressing the issues.
“One up to four are completion of all peace peace processes – negotiation with CNN (Communist Party of the Philippines-National D emo crat ic Front-Ne w Peoples’ Army) and the peace-building and the peace table engagement with the different stakeholders,” he said. He said Duterte wants to honor previously signed agreements with the rebel groups. He said they are hoping they are able to convince Congress to pass the enabling alw. “Congress is definitely a deliberative body. We hope that we are able to convince them that this is the way to go,” he said.
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experience gender biases and issues. The activity revolved around the objectives of identifying constraints and opportunities for WMEs in the cof fee industr y. Issues on whether there are gender discrimination on government assistances was also a topic of the discussion. DA-RFO 10 Assistant Regional Director Roxana H. Hojas clarified that the DA interventions are geared towards mainstreaming Gender and Development (GAD) thus termination of programs and projects are directed to both men and women in the agriculture sector. GAD is an approach which promotes genderresponsiveness governance and enhances the ability for all, regardless of gender, to contribute to and benefit from development. (MTLugares, DA-RFO 10)
If Ponzi schemes have c aus e d dysf unc t ions in societies, it does the same with churches. Christians are not really encouraged to follow blindly. In fact when they are commanded to love the Lord with all their minds (not just with all their strength, heart and soul), it means they should speak out if there are teachings that creep stealthily to supplant good teachings. It means they should use all their facilities of thinking before they embrace new Ponzi. The sad news, however, is that G12 has become a gospel command to some churches given with sanctions for noncompliance while many are on t he i r w ay to shipwreck their professions, and eventually their faith.
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fulfill their commitment as soon as possible. This makes G12 unconscionable and unethical. The idea of G12 begs the question of legitimacy to spiritual organizations. Coming from a pyramid marketing scheme, G12 is more fit for commodities to sell if people still t r u st py r am i d s che m e s nowadays. But we can hear of t r u e stor i e s of w hat could happen in a pyramid scheme. I heard of a friend’s experience of losing P1.2 million and the emotional strain that follows. That is why we derive “Ponzi scheme” nowadays—and this refers to the model which makes G12.
guy, each one of us is called by God, i.e., is given a vocation and has a mission to carry out in this life. We have to be aware of this basic truth about ourselves and be most discerning as to what specific vocation God is giving us. In the case of St. Joseph, he was called, almost from nowhere, to be the husband of Mary and the foster father of Christ. It would look as if he was just asked to play a cameo role, some kind of a prop to complete the scene in a given play. And yet he did it very, very well! If we would just be faithful to our vocation, no matter how small or hidden it is, we would be carrying out an important part of God’s providence! roycimagala@gmail.com
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
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City
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Larawan...
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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
Hurst...
special occasion. Since he is now old and frail, he told the audience he didn’t think he would be attending any more public ceremonies like this so he probably wouldn’t wear his new suit again, not until he dies and is buried in it. “However,” Billy Graham went on to say, “unlike Albert Einstein, I not only know who I am, but I also know where I’m going.”
Cimagala...
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
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thu-fri|March 30-31, 2017