BusinessWeek Mindanao (March 7, 2016)

BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VI, No. 108

Market Indicators As of 6:23 pm march 4, 2016 (friday)

FOREX

PHISIX

US$1 = P46.95

6,899.07

X Briefly

X

15.9

64.37

cents

points

Contraband siezed CUSTOMS agents tracked down a shipment of contraband purportedly shipped from the United States in a container port in Misamis Oriental worth P1.4 million, officials said.

Customs Commissioner Alberto Lina came to Misamis Oriental to personally order the local customs to open dozens of container vans held at the Mindanao Container Terminal (MCT) in Tagolo-an, Misamis Oriental few days ago.

Alvin Enciso, chief of the BOC-Customs Intelligence and Investigation Service (CIIS) here, said that the suspicious vans turned out various illegal items that include “knocking down” accessories of high power firearms. (PNA)

IP assistance TRUE to its commitment to help improve the lives of indigenous people (IPs), the Department of Agriculture (DA) Caraga will provide farm equipment to Manobo community in La Paz, Agusan del Sur. A signing of the Memorandum of Agreement (MOA) was inked between DA Caraga and Manobo Indigenous Cultural Community of Agusan, Incorporated (MICCA Inc.) based in Brgy.

Kasapa II, La Paz, Agusan del Sur held at DA Regional Office on Thursday, March 3, 2016.

DA Caraga was represented

by Regional Director Edna Mabeza while MICCA Inc. was represented by its president Pedro Francisco Hernandez known as Datu Bunanat.

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Oro business council pushes for ICT growth www.businessweekmindanao.com

Monday | March 7, 2016

P15.00

By MARK D. FRANCISCO, Correspondent

T

O cope with the continuing evolution of the information and communications technology (ICT) industry in the country, the Cagayan de Oro ICT Business Council has decided to bridge local entrepreneurs engaged in ICT to match their expectations with what the academe is offering.

According to Cagayan de Oro ICT Business Council executive director Jonathan

Arvin D. Adolfo, the academe is usually being considered a growth/PAGE 11

ADB-backed climate bond cited for shift to low-carbon

By BONG D. FABE, Contributing Editor

THE chief executive officer (CEO) of the Climate Bonds Initiative (CBI) has praised the issuance of Asia’s first-

ever Climate Bond by the AboitizPower Corporation (AP), which presently holds climate/PAGE 11

ANTI-MINING PROTEST. Benedictine nun Sister Stella Matutina joins protesters outside the office of Mines and Geosciences Bureau Region XI at Leon Garcia Street, Davao City as they call for the scrapping of the Mining Act of 1995. mindanews photo by toto lozano

School in Cag. de Oro gets biometric machine Bimp-Eaga braces for

By ROSE MARY D. SUDARIA, Ph.D.

T H E Pa r e nt s - Te a c h e r s Association (PTA) headed

by D i v i s i o n Fe d e r at e d President and Barangay Kagawad Burgos “Gogoy S. Macasero has come up with an initiative to provide funds to supp or t thos e schools without biometric machine.

D ur ing t he Division Management Committee Meeting (MANCOM) held at Hotel C onchit a last March 4, Macasero handed P5,000 cash to the recipient school, the Upper Carmen Elementary School, re pre s e nt e d by S c h o o l Principal Mrs. Melba S. Omandam.

The said gesture is a clear manifestation that stakeholders’ participation is evident as they continually

supported all the plans and programs of the Department of Education (DepEd) in its quest for the delivery of quality ser vice to all clientele.

From left, Assistant Schools Division Superintendent Dr. Reynaldo E. Manuel Jr., Mrs. Melba S. Omandam, principal of Upper Carmen Elementary School, and Barangay Kagawad Burgos “Gogoy” S. Macasero.

integrated halal industry

By CARMELITO Q. FRANCISCO, Correspondent

THE sub-regional grouping of Br unei D ar uss a l am, Indonesia, Malaysia, and the Philippines (BIMP) is preparing for an integrated halal industry with higher e d u c at i o n i n s t i t u t i o n s (HEIs) being tapped for the development of the needed human resources and improving the industry’s value chain.

At the three-day BIMPEAGA International Halal Congress: An Academic Perspective, which opened here March 1, participants are to draw up a list of innovations and science and technology

(S&T) interventions that the HEIs can provide as well as draft a human resource plan that includes curricula that schools can adopt.

The BIMP-East ASEAN Growth Area, an economic cooperation within focus areas of the four member countries, aims to position itself as a single market within the Association of South East Asian Nations Economic Community (AEC).

Dr. Francisco Gil N. Garcia, dean of the University of Southern Mindanao (USM) in Kabacan, Cotabato, said halal/PAGE 11

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Economy

Enforcement drives jumpstart 2016 tax campaign in Normin

T

HE Bureau of Internal Revenue (BIR) in Northern Mindanao kicked-off its t a x c a mp a i g n for t h i s ye ar w it h en forc em ent

a c ti v iti e s .

Revenue Region 16 implemented closure orders and suspended the bu s i n e s s op e r at i ons of fou r e st abl i sh me nt s for

alleged violations of the tax code particularly on the under declaration of sales using unregistered p oi nt - of - s a l e m a ch i ne.

It a ls o c ondu c te d

simultaneous tax compliance verif ication drive to verify c ompl i anc e of bu s i ne ss establishments to BIR re g u l at i ons .

We have ste p - up ou r d r i v e , d o ou r j o b, an d spread the burden so that ever yone contributes to the development o f t h e c o u n t r y, s a i d

R e g i ona l D i re c tor Gl e n A . G e r a l d i no.

The BIR-RR16 targets to collect P15 billion t a x re ve nu e s t h is ye ar. ( A PB / PIA- 1 0 )

DOLE educates graduating students in employment Kaamulan festivities start MAMBAJAO, Camiguin -- In preparation for the world of work, the Department of Labor and Employment, Regional Office No. 10 (DOLE-10) gathered the secondar y and ter tiar y schools in Camiguin to give Graduating Students a Career Guidance and Employment Coaching.

Through its Camiguin Provincial Field Office (Cam PFO) with the Public Employment Service Office ( P E S O ) Fe d e r at i o n o f Camiguin, the activity was held on 9-19 February 2016.

DOLE-10 Cam PFO OIC, Arlyn Z. Bael told the students that the Career Guidance and Employment Coaching are programs of the Department for their career paths.

Bael reported to DOLE-10 Regional Director Raymundo G. Agravante, that the activity covered Grade 9 students, formerly 4th year high school students. She added that the students were guided on skills and courses in line with the K-12 Program, to take-up later.

Also, Bael reported that LEGS was also shared to the

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students. “It aims to prepare the graduating students in the world of work, preparing them on DOLE’s various services like employment facilitation, workers protection, and social security coverage for the employees.

Technical Education

Skills and Development Authority-X (TESDA-X) and Career Guidance Network-X like wis e supp or ted t he activities conducted.

Schools that were covered include Bonbon National High School and Lawiganeducates/PAGE 11

THE Department of Tour ism (D OT) reg ion 10 announces the star t of Kaamulan Festival in Bukidnon from 1 March to 2 April 2016.

DOT Regional Director Catalino E. Chan III, through a travel advisory said that

Bukidnon will have another year of colorful festivities of the culture and heritage of the hill tribes of Bukidnon celebrating its milestone, success and developments in the province which will be held in Malaybalay. kaamulan/PAGE 11

Don’t Let Your Dreams Go Up In Smoke- Practice Fire Safety!

Aleen B. Quipquipan

In thoughts, words and deeds, Filipinos show a different kind of affection of love for their country and fellowmen.

The spirit of unity among us is shown in any untoward accident that happens.

But, above all prevention is necessary as it says, Safety First.

The Bureau of Fire Protection leads the nationwide activities in the annual celebration of the Fire Prevention Month in line with this year’s theme “ Kaalaman at Pagtutulungan ng Sambayanan, Kaligtasan ay Makakatamtan.

The BFP calls on every Filipino citizen to be alert,

vigilant and to join the nationwide campaign to avert fires. It is the primary responsibility of every person to be observant and equipped themselves with the knowledge on how to prevent fire and what to do in case of fire.

We are always reminded on the informative advertisement in television with the line “Ligtas Ang May Alam”. Most of the fires occurs at home, especially in congested areas and in some workplace, mostly caused by faulty electrical wiring, poor insulation, octopus connection and poor maintenance.

Fires can ignite at any time without warning. That is why it

is necessary to be alert always.

You have to know the things to do before and after an incident happens. .Among the BFP tips are : Avoid smoking while refilling in a gas station; have a portable fire extinguisher inside the car, do not throw lighted cigarette; avoid smoking inside the house; follow “no smoking” signs; check electrical installation, do not replace broken fuse with coins or metals; unplug appliances after every use; do not run in case clothes catch fire; keep a first-aid kit; do not overload electrical circuits; know the fire department’s contact number, and in case of fire, stay calm.

Always remember that fire is not something to be messed with. Our great knowledge on fire prevention will lead to protection of our properties and most of all saving our life.

A fireman’s duty is to stop and rescue us if fire incident occurs. Their main goal is to prevent damage or loss of properties and to save life.

Fire fighters have many health considerations. They must also be informed immediately. They also have to come up with physical fitness. All of these things help in maintaining a good record.

Personal safety is just as important as it is. Practice fire safety!

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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ALI to develop tourism estate in Sicogon

AYALA LAND, Inc. (ALI) is launching a new 1,100-hectare tourism estate in northern Iloilo within the first half of the year, underscoring the real estate giant’s upbeat outlook for the tourism sector.

T h e S i c o g on Is l a n d Tourism Estate development will feature a resort town center, hotels and resorts, as well as commercial and residential establishments, the property developer yesterday said in a statement.

“The initial development will concentrate on building the airport and runway to ensure accessibility to the island,” Jose Emmanuel H.

Jalandoni, ALI senior vicepresident and group head of commercial business, was quoted in the statement as saying.

C onst r uc t ion of t he 1.3-kilometer airport runway will commence in the second half of the year, allowing immediate access from Manila and Cebu to the island. Test flights to Sicogon are being targeted for the first quarter of 2017.

Sicogon Island is ALI’s newest tourism estate after Lio within El Nido, Palawan.

El Nido is an island resort complex, consisting of the develop/PAGE 10

CorporateWorld

IDC Chairman and COO Romolo Valentino Nati, an Italian architect, said Phase 1 of Primavera City involves the construction of two towers of integrated multifunctional buildings (commercial, office, residential) project with 11 floors each. Located at the Pueblo de Oro Business Park, Upper Carmen, Cagayan de Oro (near SM City Cagayan de Oro), the project entails an investment of P653 million.

“Primavera City is a fitting follow-up to our highly successful and multi-awarded Pr i m ave r a R e s i d e n c e s , which caught the fancy of

3

PAL exec sees clearer skies for airline business in 2016

DAVAO City -- The country’s flag-carrier Philippine Air Lines (PAL) demonstrated a positive outlook on the airline business this year as the company expects to carry two million more passengers compared last year.

Sp eaking b efore the members of the media at the Marco Polo Hotel here on Thursday, PAL president Jaime Bautista said the airline company was also expecting profits from its 2015 operations.

“For this year we are

projecting to carry 2 million more passengers compared with last year. In 2015 we carried around 12 million passengers, 7 million of which were domestic passengers and 5 million were international passengers,” Bautista pointed out.

Bautista added they were also expecting profits from its 2015 operations.

“For 2015 we will be reporting a profit, we are now on the process of closing our book. By the end of March we should be able to report

Italpinas sets CDO ‘Primavera City’ launch in 2nd quarter of 2016 Certified green builder It a lpi nas D e vel opme nt Corporation (IDC) has set for the second quarter of this year the launch of its new huge and groundbreaking project – Primavera City – in Cagayan de Oro City.

IDC made its mark in the real estate industry as the first Philippine company certified by the International Finance Corp. (IFC) - World Bank Group Excellence in Design for Greater Efficiencies (EDGE) for its flagship project also in Cagayan de Oro City, the Primavera Residences.

monday|march 7, 2016

not just Filipino but even foreign buyers and property experts for its modern Italian design infused with ecofriendly architecture,” Nati emphasized.

The grand launch will be in the second quarter, and start of construction of the Primavera City Phase 1 is third quarter of 2016. IDC targets the completion of the project and the turnover of its units to their owners by the third quarter of 2018.

I D C Pre s i d e nt Jo s e “Jojo” D. Leviste III said the two towers of Primavera City Phase 1 is designed to

have 337 units, 57 of them commercial units; 231 are studio-type; 22 are onebedroom units, and 27 are two-bedroom units.

Their average sizes are 50 to 60 square meters (sqm) for commercial units, 28 sqm for studio-type units, 47 sqm for the single-bedroom units, and 70 sqm for the two-bedroom units. “ We w i l l c o n d u c t extensive marketing for our t arget buyers t hat include employed and/or self employed individuals with gross family income italpinas/PAGE 10

the auditor results of our operations. For sure we will report a profit but I cannot give the exact amount yet.”

He said PAL also recorded a USD 20 million increase in profits in 2014 recovering from two years of losses in 2012 and 2013.

The continued profitability of the airline company was attributed to the decrease of the price of fuel during the period of 2013 onward, he stressed.

But he clarified that passengers also benefited

from the continued fuel price decreases because of the fare reduction.

“The Civil Aviation Board (CAB) mandated the airline to remove the fuel surcharge.

Yet, PAL was still able to gain profits during the period,” he said.

Another factor to the continued gains of the airline is the increase in the number of their passengers during the period.

“We also carried around two million more passengers pal/PAGE 10

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Excuses or Excellence Think a minute.A wise man I know says: “People can change-but most people don’t!” So sad, but so true.

A famous author said: “Even if changing means we will succeed and live our dream, most of us still choose to make excuses rather than to make changes.”

So the question you and I must answer is: Do we choose to change and live the way we know is best?

Or do we choose to keep doing what is easy and comfortable? Remember, if things don’t change, they’re going to stay the same! If you keep telling yourself that you will never succeed because people and life are unfair to you, then that is the life you will always have.

Your same, unsatisfying life with no real challenges or success. But it is your choice.

The problem is that most people choose to stay and live in their comfort zone.

This is all the familiar things we’ve known all our life.

Our habits and way we’ve always lived. Our same thinking and lifestyle. But because we already know what these things are like, we feel safe and comfortable with that kind of life, even though we may not be happy

THINK

A Minute

Jhan Tiafau Hurst or successful. Yet we’re afraid to tr y something new, since it will force us to start changing some things in our thinking and way of living. But if we want to reach our potential and enjoy the excellent life we were created for, we must leave our past, wrong life, and the excuses we make for it.

This is why Jesus Christ came to forgive and free us from our wrong, unsuccessful way of living.

He is the only way you can start living the right way that works, so you can enjoy life to the fullest. So why not ask Jesus to come in to your heart and take full charge of your life today and every day? You’ve got nothing to lose and everything to gain.

Just Think a Minute.

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Who do Pinoys litter?

Last week, I identified unauthorized campaign materials as another major contributor to our worsening garbage problem. During this political season, tons and tons of unauthorized “epal-itic” materials are expected to be taken down by the MMDA and Comelecdeputized agencies.

T he t r age dy i s t hat the public seems to have been desensitized to this problem. Nobody cleans up afterwards. Nobody seems to really care. Least of all the “epal-iticos” who are either directly or ultimately responsible for such trash.

Thus, it is so refreshing to come across somebody who still cares and takes action. My daughter Frannie narrates her unforgettable encounter with one such unlikely character.

“Running has its many perks. You get to witness so much around you. Everyday things that you take for granted, you have more time to observe as you catch your breath and wonder when your next water break is.

“One fine morning, I noticed a familiar sight in my route: an elderly, Caucasian male, in his gray “US Department of Homeland Security” shirt stopping to pick up other people’s trash and disposing of them in the trash bin.

“I’ve been seeing this for several days now. He does that on his regular walking

route, which is along my run route. I’m pretty sure he is as exasperated as others who see that the trash is just inches away from the bin. But unlike my usually self-righteous heart, which rants about it or sometimes even has the audacity to call the litterers on it, he just takes it upon himself to set things right. No fanfare, no confrontations. Just humility.

“For a nation obsessed with basketball, you’d think we as a people would like to “shoot” our garbage in its proper place. But this is so not the case. Why do Pinoys litter anyway in the country when they habitually keep their own bodies (twice a day showers!) and homes/ cars clean? (I say they litter in the country because they don’t do it when they’re outside of it.)

“I discussed this with my cousin Simon Pavel Miranda (a seasoned ultramarathoner). We’ve come to the following hypotheses: “1). Pinoys do it because they assume someone would clean up after them (like in the movie theaters when the credits start rolling and the uniformed dudes start picking up popcorn and paper cups) “2). This is le ar ned behavior since you were a child when your yaya would clean up after you (as opposed to living abroad where something stays where it is unless you dispose of

it) “3). There are no consequences for littering (unless you live in Davao or Palawan or Olongapo).

When one goes to the US, or any other foreign country, one doesn’t want to run the risk of being deported or at the very least, ostracized, so s/he follows all the rules and tries to fit in as much as possible.

“It’s a little out of my comfort zone but I think I’ll thank Mr. Department of Homeland Security the next time I see him, not just for picking up the trash, but for being a breath of fresh air and a picker upper of other people’s days!”

(Lifted from my daughter Frannie’s blog. Frannie had some serious health issues as a young girl. The other week, she completed her first marathon!)

Be careful what you post in social media Without any doubt, the social media has opened up opportunities in countless ways for tens of millions.

Interaction between families and friends oceans apart can be done at the speed of light.

Product advertising and commercial transactions are very much facilitated.

Individuals can even earn without leaving the comforts of their homes.

But just as there are opportunities, social media has also opened up a lot of cyber threats - cyber attack,

SPEAKING

O ut

Ignacio Bunye cyber bullying, cyber sex, cyber theft and what have you.

A newly-licensed professional recently found this out the hard way.

After passing the PRC examination, Young Professional proudly posted his PRC identification card.

Within minutes, Cy b er T h i e f d ow n l o a d e d t h e professional’s ID and used the data therein to generate another ID. The doctored ID was then used by Cyber Thief as supporting document for a bank loan.

B e f o r e l o n g , Yo u n g Professional received the shock of his life when found out that he allegedly owed a certain bank P800 thousand.

Cyber Thief was eventually caught. But one can imagine the inconvenience, not to mention the anxiety, caused to Young Professional by one careless act.

Note: You may email us at totingbunye2000@gmail. com.

Waiting for a “Better Calling”?

Career is a rapid motion.

A course of action. Sure! A professional conduct in life.

Even a progress through life.

Here we are! That means, a careerist is one, who rushes widely and makes his own personal advancement as well as his (or her) own aim in life!

What can we do, if “career doubts” won’t go away? First allow me to quote my bible, especially Jude (Watching out! Sounding an alarm!), who writes in a style of a teacher who is watching a freight train bear down on his student’s driver. Yes, bells ring out: “Be merciful to those who doubt.” (Jude 2:22).

My parents always wanted me to become a banker.

So far so good. Why not?

Maybe I would have been much more happier in my job during those times.

Maybe not? I wanted to be a journalist already at the age of 6... . Believe it or not!

The pressure “to be” (or later NOT TO BE - thank you Mr. Shakespeare!), started early in my life. Not only

my parents, also my peers and teachers began to exert their influences on me. Yes, I even didn’t know yet where my inclinations lay. I only knew, I wanted to become a journalist... .

Suddenly being a doctor or a lawyer? Yes, I was interested in law and medicine at that time. I really got very lucky becoming an editor of German law magazines during my last 18 years in Germany. But I never became a lawyer - or doctor! Now, I would ask myself - who cares?

“The way that people pick up careers is incredibly primitive,” said Nicholas Lore, founder of the Rockport Institute, a career coaching firm, and author of “The Pathfinder”. Strong tobacco, indeed. That’s why so many people are indeed dissatisfied with their jobs. I wanted to be a journalist, but mass communications wasn’t my major subject yet. During the early 1970’s publishing house management, German language, marketing and writing skills training. Once

upon a time in Germany... .

B elieve me, I always thought about a true calling for myself. Sure, people, whose careers aren’t the fight fit often feel like impostors, as Profe ss or R ob e r t I .

Sutton, an organizational psychologist at Stanford University in Palo Alto, said.

Very, very well said, Sir. How about you, my dear reader of this column? Are you also placing too high a value on the external rewards of job, like money, prestige and power? Of course, for many of us (most?) these things are indeed important. Hold on, please! The work you do and the skills your opportunity require and the value of your work are really more vital to fulfillment. Paper work, or not... . You think, you find a better a career fit? Go ahead - but don’t expect that this your life’s career!

I waited for my “better calling” (what a terrible term!) experiencing m any e v e n b e tt e r an d wonderful moments in life. I

H ave M y Say

Klaus Doring

experienced also that several professional things I did in the past had been not very much compatible to me.

But I stored many valuable experiences.

Today, I am what I am.

And, I am proud of it.

Human thinks - but our Lord leads ... ! +++ Questions, comments or suggestions? Email me: doringklaus@gmail.com or follow me in Facebook or Twitter or visit one of my websites www.germanexpatinthephilippines.blogspot. com.or www.klausdoringsclassicalmusic.blogspot.com.

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Cebu Pacific launches new cabin crew uniforms The Philippines, no doubt, is full of vibrant hues and even more colorful people. Azure skies and aquamarine waters are complemented by the bright, sunshiny personality of Filipinos.

Cebu Pacific Air (CEB), the Philippines’ largest airline, highlights these colors in its newest cabin crew uniforms, just in time for its 20th anniversary. Designed by

one of the most celebrated Filipino couturiers, the new look is bright and cheery, yet polished and streamlined.

“O n ou r 2 0 t h ye ar, we complete the airline’s rebranding by partnering with a homegrown Cebu talent.

Fashion designer Jun Escario understands the practical needs of our crew while inflight, yet shares our passion to showcase the Philippines’

colors to the world,” said CEB VP for Marketing and Distribution Candice Iyog.

Escario has gained local and international recognition for his romantic wedding gowns and exquisite evening wear. He has been in the fashion industry for more than two decades and continues to reinvent himself, marking more milestones along the way. This will be the first time

in a slim silhouette—flattering and easy to move around in, a perfect execution of casual elegance. “Denim is a yearround fashion staple, and it can be casual yet classy,” said Escario. The skirt also features fun ruffle details on the front as well as a zipped detail that runs across one thigh.

Tying the overall look together is a scarf in a tropical print, featuring Cebu Pacific’s official colors. The scarf also has one standard knot style, minimizing the need for the cabin crew to fuss with tying it on their neck. “All they have to do is put one end through the loop on the other end, and they’re done,” added Escario.

“Simple and easy, yet stylish.”

When the weather is chilly, the cabin crew can bundle up

his designs are worn by cabin crew.

“I approached the task of designing Cebu Pacific’s new cabin crew uniforms with form and function in mind. I really look forward to it being rolled out across the network,” said Escario.

He said the stylish new look offers a subtle nod to the alluring tropical isles of the Philippines, the colors giving prominence to the country’s land, sea, sky and sun. A key piece in the ensemble is the top and cardigan in a sunny shade of yellow. To complement the wearer’s shape, the tops come with vertical darts for a slender fit.

The ladies’ look also includes a knee-length skirt in crisp, navy denim that comes

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with a sleek denim trench coat.

They can also accessorize with straw fedora hats and a choice between nude heels (worn when outside the aircraft) and navy blue sneakers (when inside the aircraft).

The ladies are set to glow with understated makeup, with their hair in a neat braided bun. Simple pearl earrings complete their chic look.

For the men, a crisp polo shirt in the same shade of yellow goes together with denim jeans lined with yellow stitching.

Cebu Pacific launches its new cabin crew uniforms on March 27, 2016, as part of its 20th anniversary month celebrations. Book now via www.cebupacificair.com!

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Banking&Finance

PDIC expands coverage THE PHILIPPINE Deposit Insurance Corp. (PDIC) booked a slightly higher insurance coverage at endDecember 2015, as the number of accounts and amount of deposits with banks continued to increase.

The PDIC insured P2.072 trillion or 22.48% of the P9.217-trillion total deposits

held in 50.95 billion accounts across the banking system, according to data posted on the state firm’s web site.

This compares with the P1.889 trillion or 22.19% insured from the P8.512 trillion held in 47.37 billion accounts as of end-December 2014. pdic/PAGE 9

Another mosquito specie causes Zika virus

By ERLYN P. BULAWIN, TCNHS

BRAZILIAN scientists have detected traces of the Zika virus in the common mosquito Culex which means it can potentially transmit the disease. Tests were conducted on more than 200 Culex mosquitoes.

However, the results are still being verified and there is no evidence to suggest that Culex can contaminate human beings.

Until now, it is believed that the only Zika vector is the Aedes aegypti mosquito which also transmits dengue and chikungunya. The discovery was made by the Rio de Janeiro-based Oswaldo Cruz Foundation and announced on Wednesday to a Chinese news agenc in a seminar on Zika. Fiocruz researchers

are now hunting for Culex specimens in areas affected

by Zika to determine the extent of Culex carrying the virus in the wild. This study will last for six to eight months before a conclusion is reached.

In Brazilian cities, the Culex is 20 times more common than the Aedes aeg ypti. This kind of mosquito which can be found worldwide, lays eggs in dirty water as opposed to the Aedes aegypti which reproduces in clean water.

Here in the Philippines, we must not let our guard down. We must constantly clean our surroundings. I highly suggest that making our students aware about Zika virus be a must for the upcoming academic year.

T

HE Bangko Sentral ng Pilipinas (BSP) vowed to remain on the lookout for factors that affect price movements vis-à-vis its impact on domestic expansion and inflation after rate of price increases decelerated anew in February 2016.

Data released by the Philippine Statistics Authority (PSA) Friday showed that headline inf lation slowed to 0.9 percent in the second month this year from month-ago’s 1.3 percent and year-ago’s

AMLC member Teresita Herbosa says the Financial Action Task Force may downgrade the Philippines’ status back to being in the “grey list” as it has yet to further improve money laundering laws such as including casinos among institutions required to report suspicious transactions.

Thus, the Securities and Exchange Commission (SEC) is pushing for the inclusion

R.E.R. Highway, Kauswagan, Cagayan de Oro City Telefax. No. (088) 856-5763, Cel. No. 09268376542

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2.5 percent due to slower increments in housing, water, electricity, gas, and other fuels and transport among others.

This brought the twomonth average to 1.1 percent.

Core inflation, which excludes volatile items like food and oil, also slowed to 1.5 percent from last January’s 1.8 percent and y e a r- a g o’s 2 . 5 p e rc e nt resulting to an average of 1.6 percent.

BSP Governor Amando Tet angco Jr., in a text message to reporters, cited

that inflation in the second month this year is the lower end of the central bank’s 0.9-1.7 percent target for the month. ” We will continue to monitor price movements, including emerging second round effects from global oil prices and any shifts in global growth prospects, as these impact domestic growth and inflation dynamics and see if there is need to make any adjustment in policy levers,” he added.

Last February, the central b a n k’s p o l i c y - m a k i n g

Monetary Board (MB) cut its average inflation forecast for this year to 2.2 percent from 2.4 percent during the Board’s rate setting meet last December due to impact of lingering low oil prices.

Monetary officials are confident that inflation will ris e to within the government‘s two to four percent target this year in the coming months due to the impact of the dry spell and the expected normalization of international oil prices in the second half of the year.

(PNA)

SEC pushing inclusion of casinos in AMLA

UP TO 50% DISCOUNT ON SELECTED ITEMS

ROYALTERN WATERCLOSET HUIDA WATERCLOSET SUNLOT WATERCLOSET SOHO WATERCLOSET ROYU ELECTRICAL DEVICES ANAM ELECTRICAL DEVICES GLASS BLOCK PINLIGHT/CHANDELIER BATHROOM ACCESSORIES CONCRETE PAVERS SHOWER PANEL ABC ZEMCOAT

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Bangko Sentral to remain alert on price developments as inflation sustains deceleration

GRADUATION SALE

TENZEN CERAMIC TILE IMPORTED CERAMIC TILE IMPORTED GRANITE TILE IMPORTED GRANITE SLAB EUROLUX LIGHTING OSRAM LIGHTING FIREFLY LIGHTING AKARI LIGHTING FOCUS LIGHTING TILE TRIM WASH BASIN PVC MOULDING

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ROYALTERN BATH TUB AEROGAZ WATERHEATER ARISTON WATERHEATER FIRSTANK STAINLESS TANK RONDINA KITCHEN FAUCET RONDINA LAVATORY FAUCET STAINLESS KITCHEN SINK PRETTYDOOR PVC DOOR ABC TILE ADHESIVE ABC TILE GROUT PVC/BRASS STAIRNOSSING DOOR KNOB

of casinos in the list of covered institutions under the Anti-Money Laundering Act (AMLA) in an effort to prevent the facilitation of dirty money in the country.

SEC Chairperson Teresita Herbosa told reporters that casinos should be legally required to report any suspicious monetary transactions to the AntiMoney Laundering Council (AMLC).

The AMLC is composed of the Governor of the Bangko S entral ng Pilipinas as chairman, the commissioner of the Insurance Commission and the chairman of the SEC as members.

“O f c ou r s e , w e a re pushing for the casino’s inclusion. We [SEC] have the international commitment to do so. Worldwide, casinos are already covered. Perhaps, we are one of the few countries,

which have not included casinos as covered persons (juridical entity),” Herbosa said.

She stressed that Republic Act 9160, otherwise known as the Anti-Money Laundering Act, did not cover casinos in the list of institutions obliged to report monetary transactions to the AMLC. He r b o s a n o t e d t h e inclusion of casinos in AMLA amla/PAGE 9

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Readiness of PH education towards Asean economic integration

By NANETTE L. SAMSON Master Teacher 1 Libertad National High School Butuan City

WITH the integration of the Asean economy now in full swing, Philippine education faces a tough challenge of shifting dynamics of global education towards establishment of a strong economic bloc in the region.

At the heart of the Philippine stride towards this goal is a strong drive to improve the quality of life of Filipinos in order that they may enjoy a life of peace, dignity and prosperity. To achieve this goal, there must be an effective degree of development accompanied by stability and social and human security.

But despite our rich resources in terms of educational advancement, most of our higher learning institutions still shy away from completely reaching out to its neighbors, wary of internationalization.

In order to keep abreast with our neighboring Asian countries, several radical changes have been instituted to make the Philippine educational system globally competitive.

We’ve seen in recent years great educational milestones, including the institutionalization of the Enhanced Basic Education Act of 2013.

The unity of our trifocal system of education, namely, the Department of Education (DepEd), CHED, and the Technical Education and Skills Development Authority (TESDA) had been in the forefront in instituting various programs for the country’s readiness for Asean 2015.

As a member-state of Asean, the Philippines has had considered the following issues: 1. Policy framework for ASEAN Does the country have a higher education policy framework in relation to its ASEAN commitments? How are universities and colleges going to contribute to it?

2. Expansion of ASEAN University Network (AUN) membership AUN is identified under the 2007 Charter as “one of the sectoral bodies responsible for the implementation of higher education commitments in the blueprint for the ASEAN Socio-Cultural Community.

With only the University of the Philippines (UP), De La Salle University (DLSU), and Ateneo de Manila University (AdMU) as members, how can AUN membership be expanded even to other universities and colleges?

3. Mutual recognition of university degrees Because of the country’s late shift to the K to 12 curriculum, “university degrees from the country are oftentimes not given equivalency in fellow member-states.” Since the K

to 12 law was enacted, CHED has begun reviewing degree programs to complement the new curriculum.

4. Synchronization of academic calendar Two of the top universities in the Philippines, UP and AdMU, are “seriously considering” the shift of their academic calendars and starting the first semester in August instead of June.

“The lack of synchronization [in academic calendar] really hampers research – we’re not able to engage partners,” AdMU President Jose Ramon Villarin said.

5. State of ASEAN studies If the country’s trade patterns are any indication, the Philippines has not integrated itself with other ASEAN countri es, Management Association of the Philippines (MAP) president Melito Salazar said.

“The trade patterns in the Philippines is still US, Europe, and – to some extent – Chinadirected... Are the graduates coming out competitive? Are the graduates knowledgeable of ASEAN culture, [and the ASEAN way] of doing business?” he said.

This raises the concern of implementing courses and programs on ASEAN studies – necessary to inculcate a regional mindset early on.

6. Student and faculty mobility Dr Jose Cueto Jr, member of the board of medicine of the Professional Regulation Commission (PRC), said gradual changes in 2015 may see better implementation in mobility of capital and goods than professionals.

“Is student mobility encouraged now within ASEAN? For the professors, are there concrete exchange programs...regular conferences not only on ASEAN but also on other regional issues?” he asked.

7. Regional scholarships If there are regional scholarships already in place for ASEAN students, how extensive are these and how could they be improved?

8. Collaboration in research and extension CHED always has money for research. Despite this, research is not yet a strong suit of even the top universities in the country.

Will Philippine universities and colleges ever be ready for the ASEAN Economic Community? Well, there are still a lot of “ifs,” not only in the education sector but in other areas as well.

Political will is needed to keep up with other memberstates. With or without ASEAN integration we need to fix our problems. Even without the integration, we need to move forward.

PDIC... from page 7

Also, the ratio of insured deposits to total bank deposits as of end-2015 marks the highest in at least six years, based on available PDIC data.

The PDIC is mandated to protect depositors by providing permanent and continuing deposit insurance coverage for a maximum of P500,000.

Of the P2.072-trillion insure d, ab out 57% or P1.176 trillion from 49.16 billion accounts were fully insured. The remaining 1.79 billion accounts had balances exceeding P500,000.

The total insured deposits include P271.25 billion from 1.7 million accounts of foreign currency deposit units (FCDU) or expanded FCDU at end-2015.

Finance Undersecretary and Chief Economist Gil S. Beltran earlier cited the increase in deposits as one indicator the Philippines’

banking system remain in “good shape.”

Analysts from Standard and Poor’s Ratings Services also projected a “solid” performance for the banking system, as lenders ride on the economy’s robust expansion.

AMLA... from page 7

will enable the Philippines to avoid being included in the ‘grey list’ of the Paris-based Financial Action Task Force (FATF).

Countries in the grey list are those that are not fully compliant with standards set by the FATF for combating mone y l aunder ing and terrorist financing.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 43 Gingoog City

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Gingoog City OFFICE OF THE CLERK OF COURT NOTICE OF EXTRA-JUDICIAL SALE File No. 211-2016 Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118, filed by RURAL BANK OF CABADBARAN INC., with principal address at corner Garami & Cabeltes Streets and a branch office at San Francisco Street, Butuan City against SPS. FERDINAND & JOSEPHINE FABE of Barangay Artadi, Magsaysay, Misamis Oriental, to satisfy the mortgage indebtedness which as of December 29, 2015 have amounted to SIX HUNDRED SIXTY-ONE THOUSAND & ONE HUNDRED SIXTY-TWO PESOS (Ph 661,162.00) PESOS, including principal, interest and penalties but excluding ten percent (10%) of the total indebtedness as attorney’s fees, the undersigned Sheriff will sell at public auction to the highest bidder for CASH on April 4, 2016 at 8:00 o’clock in the morning up to 4:00 o’clock in the afternoon at the Office of the Clerk of Court, Regional Trial Court, Hall of Justice, Dugenio Street, Gingoog City, the following properties with all the improvements existing thereon to wit: ORIGINAL CERTIFICATE OF TITLE NO. E-6782 A Parcel of land including all the improvements found thereon, Lot 2117, Cad 556 situated at Artadi, Magsaysay, Misamis Oriental, and Island of Mindanao. Bounded on the N., along lines 1-2-3, by Lot 2116, Cad-556 along lines 3-4,

by Creek along line 4-5 by Lot 2120, Cad-556,S., along line 5-6, by Lot 2119, Cad -556 along lines 6-7-8, by Lot 2118, Cad -556 on the W., along lines 8-9-1, by CREEK, xxx, containing an area of TWELVE THOUSAND THREEHUNDRED FIFTY-EIGHT (12,358) SQUARE METERS more or less, xxx, registered in the name of Ferdinand Fabe.

ORIGINAL CERTIFICATE OF TITLE NO. E-6970 A parcel of land including all the improvements found thereon, Lot 2314, Cad-556-D Magsaysay Cadastre, situated at Barangay kandiis, Magsaysay, Misamis Oriental, Island of Mindanao. Bounded on the NW., along line 1-2 by Lot 2313, Cad-556,D, on the NE.., along line 2-3 by Lot 2312, Cad-556-T, on the SE., along line 3-4 by Lot 2315, Cad556-D, along line at point 4, by Lot 2316, Cad-556-D, on the SW., along line 4-1 by National Highway, containing an area of ONE THOUSAND EIGHT HUNDRED FORTY-SIX (11,846) SQUARE METERS, more or less xxx registered in the name of Ferdinand Fabe All sealed bids must be submitted to the undersigned on the above-stated date and time. In the event that the public auction will not take place on the said date, it shall be held on the next working day without further notice and republication. Prospective bidders may investigate for themselves the Title herein-above described properties and the encumbrance therein, if any there be.

Gingoog City, February 1, 2016

FOR THE EX-OFFICIO SHERIFF BY:

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(Sgd.) DAN E. LABADAN Sheriff IV RTC-OCC Gingoog City

BWM: Feb. 22, 29 & Mar. 7, 2016

OFFICE OF THE CLERK OF COURT & EX-OFFICIO SHERIFF OFFICE OF THE CLERK OF EXTRA-JUDICIAL SALE File No. 215-2016 Upon Extra-Judicial petition for sale under Act 3135 as amended by Act 4118, filed by HOME DEVELOPMENT MUTUAL FUND (otherwise known as PAG-IBIG Fund) with Principal address at the Atrium of Makati, Makati Avenue, Makati City, against FRANCISCO R. OPENIANO married EVARISTA RAMOSOLA OPENIANO, both of legal age, Filipino citizen, with postal address at Brgy. 2, Guanzon St., Gingoog City, to satisfy the Mortgage indebtedness which as of October 30, 2015, have amounted to ONE HUNDRED NINETEEN THOUSAND SEVEN HUNDRED FOURTEEN PESOS AND 70/100 (P119,714.70) Philippine Currency, inclusive of interest and penalty charges as of October 22, 2015, excluding foreclosure expenses and other monetary obligation. The undersigned Sheriff will sell at Public Auction on April 18, 2016, to the highest bidder for CASH at 9:00 o’clock in the morning to 4 o’clock in the afternoon at the Office of the Clerk of Court, Branch 43, Regional Trial Court, Dugenio St., Gingoog City, the following properties with all the improvements existing thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-11931 A Parcel of Land (Lot 1066-A-2-B-2-N. Psd-10-031395.

Being a Portion of Lot 1066-A-2-B-2, Psd-10-026563) situated in the Barrio of Kahulogan, City of Gingoog, Province of XX, Island of Mindanao, Bounded on the NE., along line 8-9 by Lot 1066-A-2-B-1, Psd-10-026563., along line 9-1 by Lot 1066-A-2-B-2-N., on the SE., along line 1-2

by Lot 1066-A-2-B-2-N, along line 2-3 by Lot 1066-A-2B-2-I., along line 3-4 by Lot 1066-A-2-B-2-J., along line 4-5 by Lot 1066-A-2-B-2-K., on the SW., along Line 5-6

by Lot 1066-A-2-B-2-K., on the SW., along Line 5-6 by Lot 1066-A-2-B-2-O., all of the subdivision plan Psd-10031395., on the NW., along line 6-7 by Lot 1066-B,(LRC) Psd 197171., on the NW., along line 7-8 by Lot 1066-A-2B-2-Q, of the subdivision plan Psd-10-031395. Containing an area of SIX HUNDRED NINETY (690) square meters more or less.

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

In the event the Public Auction should not take place not on the said date, it shall be held on the next working day without further notice.

The prospective buyer/s may investigate for themselves the title of the herein described property/properties and the encumbrances thereon, if any there be.

Gingoog City, Febraury 17, 2016.

FOR THE EX-OFFICIO SHERIFF BY:

BWM: Feb. 22, 29 & Mar. 7, 2016

(Sgd.) FLORA PEREZ Sheriff IV RTC-Branch 43 Gingoog City

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Develop... from page 3

Lagen, Miniloc, Apulit and Pangulasian island resorts.

In p ar t nership wit h Sicogon Development Corp.

(SIDECO), the development of Sicogon Island will focus on sustainability, with ALI allocating half of the land for green open space.

ALI, SIDECO and the Federation of Sicogon Island Farmers and Fisherfolk Association signed a framework agreement in 2014 for the sustainable development of the island.

The property developer will work with the Department of Environment and Natural Resources to continue stewardship of the island’s forests, and work on coastal protection and marine rehabilitation in support of sustainable development.

“More than becoming a premier tourist destination and a tourism hub for the region, Sicogon is envisioned to provide inclusive growth and economic development through long-term recovery and livelihood programs, and job creation,” Mr. Jalandoni said.

ALI estimates the estate development will generate 20,000 jobs, either directly

or indirectly with increased tourism, and approximately P1 billion in earnings for the community through retail and commercial establishments.

Italpinas... from page 3

of at least P50,000 such as local entrepreneurs, SME’s, OFW’s, young professionals and retirees, among others.

With Cagayan de Oro City now an emerging tourism and investment destination in the country, Primavera City is a great buy, not just for first-time home owners, but also for investors,” Leviste, a lawyer, stressed.

Nati said Primavera City is envisioned to be another IDC award-winning sustainabledevelopment project, with its passive green features, such as increased natural ventilation, shaded façade and semitransparent photo-voltaic panels covering the amenities located on the rooftop, among others. The project has been recognized as highly commended condo by the Climate Technology Initiative Private Financing Advisory Network (CTIPFAN) in Singapore in 2014.

IFC Global Green Building Specialist Prashant Kapoor, IFC World B ank L egal Advisor and IFC Philippines

head of Green Building Program Tess Lacerna, and IFC Country Manager Jane Xu awarded the certificates to Primavera Residences Tower A & B as the “First Completed Condominium Project in East Asia Certified

by EDGE.” EDGE is an innovation of the IFC - World Bank Group. It helps property developers build and brand their properties “green.” It is the highest and most desirable program in the international real estate industry. EDGE is supported by a software that encourages solutions to reduce energy, water and energ y consumption by at least 20 percent, which is the standard for EDGE certification.

IDC has notched a series of milestones and achievements.

It recently had its successful listing at the Philippine Stock Exchange.

PAL... from page 3

in 2014, the same with 2015,” Bautista said, citing the company’s expanded routes and operations that added to the increase in number of passengers for the last two years.

But the most important factor to PAL’s profitability is

the company’s productivity and efficiency in operations, as emphasized by Bautista by saying “We tried to maximize the utilization of our airplanes and we implemented costcontrolled measures.”

PAL’s maintenance cost also went down because of its new airplanes – the company today is considered the youngest fleet in the region.

In the same press c o n f e r e n c e , PA L a l s o announced its newest international service between Cebu and Los Angeles, USA that will start by March 15, coinciding with the company’s 75th founding anniversary.

The new international route that will have three flights per week will further expand PAL’s international route network in the mainland USA, an addition to its existing 11 weekly flights from Manila to Los Angeles; 10 weekly flights to San Francisco and 4 weekly flights to New York.

The PR122 (CEB-LAX) will depart Cebu ever y Tuesday, Thursday and Saturday at 6:p.m. and will arrive in Los Angeles at 5:55 p.m. at local time. PR123 (LAX-CEB) will leave Los Angeles on the same days at 8:40 p.m. local time and

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH JudicialRegion Gingoog City

OFFICE OF THE CLERK OF COURT AND EX-OFFICO SHERIFF

OFFICE OF THE CLERK OF COURT

“Upon extrajudicial petition for sale under Act No. 3135 as amended by Act No. 4118 filed by HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG) against ENRICO P. CAPITON married to ROMALEN A. CAPITON of Lot 12, Block 6, Bloomingdale Subdivision, Iponan, Cagayan de Oro City to satisfy the mortgage indebtedness which as of December 16, 2015 amounts to ONE MILLION TWO HUNDRED SEVENTY THREE THOUSAND FIFTY FOUR PESOS AND 09/100 (₱ 1,273,054.09), including interests and penalty charges, but excluding expenses of foreclosure, the undersigned will sell at public auction on April 6, 2016 at 10:00 A.M. to 4:00 P.M. AT THE REGIONAL TRIAL COURT, OFFICE OF THE CLERK OF COURT, TOURISM HALL, City Hall, Cagayan de Oro City to the highest bidder, for cash or manager’s check and in Philippine Currency, the following property described below including all existing improvements found thereon, to wit: TCT NO. T-137-2012008396 Certain land situated in IPONAN, CAGAYAN DE ORO CITY, bounded and described as follows: LOT: 12, BLOCK 6, PCS-10-003948 PORTION OF LOTS: 3615-B, PSD-10004675, 24178- A, PSD-10-009444,3614-A-1-B, PSD-10009566,24178-B-1, PSD-010320,2417-B-2-A, PSD-10052968, 24178-B-2-B-1, PSD-10-054199, 24178-B-2-B-6, PSD-10-054199,4178-C-1, PSD-10-054997,3605, CAD.237, CAGAYAN CADASTRE AS SURVEYED FOR: LIBERTY LAND CORPORATION LAND USE: RESIDENTIAL AND CONTAINING ANA AREA ONE HUNDRED FIFTY SIX (156) SQUARE METERS MORE OR LESS AND REGISTERED IN THE NAME OF ENRICO P. CAPITON married to ROMALEN A. CAPITON. All sealed bids must be submitted to the undersigned on the above stated time and date.

In the event auction sale cannot take place for whatever legal reason, the reason, the same will proceed on the following working day, without further notice, posting and publication.

Prospective buyers may investigate for themselves the title herein-above described and encumbrances thereon, if any there be.

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Cagayan de Oro City, February 12, 2016.

NOTICE OF EXTRA-JUDICIAL SALE File No. 212-2016 Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118, filed by RURAL BANK OF CABADBARAN INC, with principal address at corner Garami & Cabeltes Streets and a branch office at San Francisco Street, Butuan City against SPS. JOSE ELCID & MELECIA LADICA of Kibungsod, Magsaysay, Misamis Oriental, to satisfy the mortgage indebtedness which as of December 29, 2015 have amounted to FOUR HUNDRED FORTY-NINE THOUSAND FIVE-HUNDRED TWENTY-EIGHT PESOS and 90/100 (Ph 449,528.90) PESOS, including principal, interest and penalties but excluding ten percent (10%) of the total indebtedness as attorney’s fees, the undersigned Sheriff will sell at public auction to the highest bidder for CASH on April 4, 2016 at 8:00 o’clock in the morning up to 4:00 o’clock in the afternoon at the Office of the Clerk of Court, Regional Trial Court, Hall of Justice, Dugenio Street, Gingoog City, the following properties with all the improvements existing thereon, to wit: TRANSFER CERTIFICATE OF TITLE NO. T-53180 Parcel of land including all the improvements found thereon, Lot 312-A, Psd-10-25178 being a portion of Lot 312 & 506, Cad-556-D, Carmen Magsaysay Cadastre xxx situated at Cabubuhan, Magsaysay, Province of Misamis Oriental, Island of Mindanao. Bounded SW., along line 1-2

by Provincial Road W., along line 2-3 by Lot 226, NW., along lines 3-4-5 by Lot 221, on the E., along 5-1 by Lot 312-B of the Sub. Plan Psd-10-025178 xxx containing an area of FOUR THOUSAND ONE-HUNDRED SIXTY-ONE (4,161) SQUARE METERS, more or less, registered in the name of Melecia Chiang Ladica.

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

In the event that the public auction will not take place on the said date, it shall be held on the next working day without further notice and republication. Prospective bidders may investigate for themselves the Title herein-above described properties and the encumbrances therein, if any there be.

Gingoog City, February 1, 2016

will touch down in Cebu at 4:40 a.m. + 2.

“This newest PAL service will enable our customers to enjoy more travel options to and from Los Angeles.

PAL patrons from Visayas and Mindanao may hop to Mactan, Cebu via our

domestic flights and then take the flight to LA. Travelers from Los Angeles who need to fly to Cebu for business or leisure stand to benefit from the new service which promises that distinct brand of Filipino hospitality,” Bautista said. (PNA)

JOURNEY OF TANGUBANUN By: DIONESIO T. MONTANEZ SST-III, Caniangan National High School Tangub City Division of Department of Education

Due to poverty Filipino people tight a life of scarcity, some children deprived their different rights; such as Education and no wonder why a lot of our brother and sister gamble a life of existence to some other country to find chances of destiny,, Some of them lack of knowledge, they don’t even know what’s going on the field because of knowledge that must be suppose to equipt and guide in all run of life.

Good news! Because the government has different branches that go hand in hand thoroughly to find out some solutions of poverty. Lately we heared base on Republic act.

10533 otherwise known as The Enhancement of Basic Education Act of 2013, Glooming the huge of educational Reformation known as K to 12 Program that geared its nature to support Education for all. (EFA) Tangub City Department of education sighted different

barangay to stablish a new building ready for Senior High School, among different existing school receive two storey building with four classrooms is Caniangan National High School, Division personnel decided and finalized on it considering the distance of feeder barangay such as; Sicot, San Antonio, Taguite, Paiton, Bintana, Prenza and catagan.

These following barangay of tangub is feeder barangay which are located in a far flunk area.

The response of populace is good not only by words but also the total reaction. Specially this s for free,, furthermore Caniangan Senior High School Two Storey Building is on going construction,, as I approach an trigger surprising question as sort of query, according to the contructor it will surely finish before the opening of classes.

Proud to say “Caniangan National High School ready for Senior High”

Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region Branch 16, Tangub City IN RE: PETITION FOR CORRECTION OF THE BIRTH OF JOYMAE D. SORIANO SPECIFICALLY IN HER YEAR OF BIRTH FROM “1975” TO “1995”

SP. PROC. CASE NO. TC-2015-005

FOR: CORRECTION OF ENTRY IN THE CIVIL REGISTRY JOYMAE DELOSA SORIANO

Petitioner /---------------------------------------------/ NOTICE OF HEARING WHEREAS, after alleging certain facts in a verified petition filed on December 8, 2015, petitioner prayed that after notice, publication and hearing, an order be issued directing the Local Civil Registrar of Bonifacio, Misamis Occidental to make the following correction in her record of birth, to wit:

Year of birth from “1975” to “1955”.

WHEREFORE, finding the petition in due form and substance, the hearing of the same is hereby set on MARCH 22, 2016, at 8:30 o’clock in the morning, at the Session Hall of this Honorable Court, at which date, time and place, any concerned and interested person may appear and show cause, if any, why said petition shall not be granted.

The Sheriff of this Honorable Court is hereby ordered to post copies of this Notice in three (3) conspicuous places, preferably in the Bulletin Board of this Court, the Municipal Hall of Bonifacio, and the Barangay Hall of Migpange, Bonifacio, Misamis Occidental.

Moreover, let a copy of this petition and notice be published once a week for three (3) consecutive weeks in a newspaper of general circulation in the province of Misamis Occidental, all at the expense of the petitioner, for the information and guidance of all concerned. Also, let a copy of this petition and notice be furnished the petitioner, the Office of the Solicitor General, and the Local Civil Registrar of Bonifacio, Mis. Occ. Any person having or claiming any interest under the entry whose correction is sought may, within fifteen (15) days from notice of this petition, or from the last date of publication of such notice file his opposition thereto.

FOR THE EX-OFFICIO SHERIFF BY:

WITNESS, the Honorable SYLVIA A. SINGIDASMACHACON, Presiding/Executive Judge, this 8th day of January 2016.

(Sgd.) DAN E. LABADAN Sheriff IV RTC-OCC Gingoog City

(Sgd.) ATTY. MARCELINO D. NATIVIDAD, JR.

Clerk of Court VI

(Sgd.) AL PONCIANO R. DATU

Sheriff IV

BWM: Feb. 22, 29 & Mar. 7, 2016

BWM: Feb. 22, 29 & Mar. 7, 2016

BWM: Feb. 22, 29 & Mar. 7, 2016

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Growth... from page 1

stagnant group and lagging behind the industry which introduces innovations for its employees every year or so.

Mr. Adolfo said the reason behind all these is because the academe – in this case, composed of seven universities and colleges and two vocational training institutions in Cagayan de Oro – would still seek approval if changes in their curriculum are made.

Thus, graduates who would seek jobs in the local ICT industry must first need enhancement training from their new employers to cope with the new innovations, he pointed out.

This, as Mr. Adolfo said the Council organized the activity as part of their push for the city to be included in the next round of the Tholons Report of the Next Wave Cities of the Philippines.

Currently on the list are Bacolod, Iloilo, Sta. Rosa (Laguna) and Davao. The report is being released by Tholons, a reputed consultant in global outsourcing.

M r. R a y m o n d A .

Lacdao, Business Processing Association of the Philippines executive director, for his part said that the ICT industry in the country is shifting from a contact center-focused field to one which offers diverse BPO services.

“The health sector is the fastest rising field in the BPO industry in the Philippines.

Our North American clients are now hiring US-certified nurses and other health professionals from here,” Mr. Lacdao reported.

And Mr. Lacdao agreed with Mr. Adolfo’s viewpoint for the push to expand the BPO industry beyond the confines of Metro Manila to the countryside.

“The national capital is too congested already.

There are lots of talents in the countryside that we can tap. All that is needed are the right infrastructure and the trust of the industry to invest here,” he said, referring to Cagayan de Oro, during the forum over the weekend,” he said.

Climate... from page 1

the Philippine’s biggest portfolio for clean and renewable energy.

Sean Kidney, CEO of the world’s investor-focused not-for-profit organization focusing on mobilizing the US$100 trillion bond market for climate change solutions, welcomed the Asian Development Bank (ADB)-backed issuance of the peso-denominated Climate Bond for AboitizPower’s Tiwi and Makiling-Banahaw (MakBan) geothermal facilities, which he said will “play an important part of the shift to a low-carbon economy.”

The Climate Bond, which has been certified by the CBI, is the first in Asia and

the Pacific and the first ever Climate Bond for a single project in an emerging market. Climate Bonds, a relatively new asset class, are issued in order to raise finance for climate change solutions — climate change mitigation or adaptation related projects or programs. These might be greenhouse gas emission reduction projects ranging from clean energy to energy efficiency, or climate change adaptation projects.

“G e ot her ma l energ y development will play an important part of the shift to a low-carbon economy. The Philippines and Indonesia in particular have enormous geothermal potential; we expect this bond to be the first of many in the region,” Kidney said in a statement posted on CBI’s website.

The Philippines has an estimated 4,790 MW of potential geothermal capacity.

Although only a small part of these resources is being exploited, the country is already the world’s second largest geothermal power producer ; 11% of the country’s installed power capacity (1,868 MW in 2013) is geothermal energy, accounting for 9,605 gigawatthours of generation in 2013.

The government wants to boost this capacity by 70% by 2030 to reach 3,200 MW. The ambitious target is based on geothermal energy’s perceived advantages in environmental performance, energy security, and avoidance of fuel import costs.

However, only 20 MW have been added since 2008.

Barriers include the high cost of steam exploration, long development lead times, and the small number of experienced local developers and lenders.

T h e C l i m at e B o n d , amounting to US$225 million (Php10.7 billion) will provide credit enhancement to AP Renewables, Inc. (APRI), the AP subsidiary that owns and operates the Tiwi-Makban geothermal facilities. The credit enhancement will be in the form of a guarantee of 75 percent of the principal and interest on the bond, ADB said in a statement.

In 2015, ADB committed to double its financing for climate change adaptation and mitigation by 2020, including playing a catalytic role to crowd-in private sector climate finance.

Kidney also yesterday ret we ete d ADB’s t we et “innovative US$225m #climatebond gets ADB backing”.

“The Asian Development Bank’s backing is a good example of the key role development banks play.

Its credit-enhancement, and the consequent lower cost of capital for the project, is exactly what’s required if the sector is to grow as rapidly as we need it to,” he said, adding: “ADB’s support for Climate Bonds Certification promotes clear standards for assets that are important to addressing climate change.

Investors can be assured of

the climate change credentials of this bond.”

Consistent with ADB protocols In his 12-page “Report and Recommendation of the President to the Board of Directors” dated 11 June 2015, Takehiko Nakao, ADB president and chairman of the Board since April 2013, said that the project is aligned with ADB strategy and operations since it is (a) consistent with strategy 2020 and the midterm review strategy 2020, which list infrastructure, the environment, and finance sector development as three of ADB’s five core areas.

“For f i n an c e s e c t or development, the project advances goals of developing new products and deepening capital markets to channel national savings productively.

In terms of infrastructure, the project supports clean energy and private sector engagement. For environment, it reinforces A D B’s s u p p o r t t o t h e Philippines in pursuing a low-carbon path for economic growth,” said the 60-year-old Nakao, who once served as vice minister of finance for international affairs at the Ministry of Finance of Japan before joining ADB. The project is also (b) consistent with the country strategy. “Among the main pillars of ADB’s country partnership strategy for the Philippines are private sector development, reduced environmental degradation, and vulnerability to climate change. The project supports each pillar. It is also in line with ADB’s programs to increase investment in infrastructure through PPPs, and to increase the availability of long-term finance to fund infrastructure investment.”

It is also (c) consistent with the energ y policy.

“The project is consistent with ADB’s Energy Policy, which emphasizes support for renewable energy in DMCs [or developing member countries].

Lastly, according to Nakao, the project is (d) consistent with the financial sector operation plan. “The plan recognizes that the Asia and Pacific region’s capital markets require the participation of institutional investors to mobilize long-term savings for infrastructure development.

The plan also supports the promotion of debt capital markets, including local currency bonds, and ADB’s use of innovative financing mechanisms such as credit enhancements to enable the financing of infrastructure.”

Cleanergy supports PHL energy needs The Tiwi-MakBan f a c i l it i e s , t he 7 t h an d 4th largest (respectively) geothermal power stations in the world, were developed in the 1970s by the government’s National Power Corporation.

Originally built with a nameplate capacity of 676 MW (234 MW at Tiwi and 442 MW at MakBan), the facilities had fallen into severe disrepair by the mid-2000s.

Effective power availability of the two plants by 2007 was at 41% for Tiwi and 63% for MakBan, well below industry standards.

A P, t h r o u g h A P R I , acquired the plants through public bidding in 2009.

By mid-2013, APRI had increased power availability in both plants to above 90% as well as improved generation efficiency and significantly extended the plants’ operating life. By 2015, the Tiwi–MakBan facilities account for 14% of the Luzon grid’s dependable capacity of renewable energy.

The Tiwi-MakBan geothermal power plants form part of AP’s Cleanergy brand, which also includes hydroelectric and solar power plants.

AP is presently operating more than 50 MW of hydropower plants in Mindanao through its subsidiar y, Hedcor, Inc. Hedcor’s 68.8 MW run-ofriver hydro power plants in Manolo Fortich, Bukidnon is set to go online in 2017.

The company is planning to develop another four to five hydropower plants in addition to its 22 hydropower plants already online in Benguet, Davao City, Davao del Sur, Ilocos Sur and Mt. Province to meet its target of 2 billionkilowatt hour (kWH) annual power generation by 2020.

Aside from that, AP is also tapping geothermal energy sources and is set to start exploration and development of geothermal power plants in Mt. Apo and Mt. Sibulan, which already received unequivocal support from IP communities and local government units in the areas.

And its first foray into solar energy, the 59 megawatt peak (MWp) P3.59 billion solar energy project (solar farm), is being undertaken through the San Carlos Energy, Inc., a joint venture of AP and the US-based SunEdison, the world’s largest renewable energy development company.

“We are committed to support the energy needs of the countr y, and in building renewable energy re s ou rc e s t h rou g h ou r brand, Cleanergy,” said Liza Montelibano, AP first vice president and chief financial officer, in a statement.

Halal...

from page 1 the planned integrated halal industry will adopt the “big brother” strategy.

“This event will also s h ow c a s e B I M P- E AG A and ASEAN cooperation through the big brother approach wherein HEIs and other halal stakeholders of ASEAN countries with more developed halal industry will render their expertise and support to the HEIs of other countries for the development of their local halal industry for a stronger collective BIMP-EAGA and ASEAN,” Mr. Garcia told BusinessWeek Mindanao on the sidelines of the Congress.

USM, for example, will

get assistance in developing its Bachelor of Science in Halal Studies program once the Commission on Higher Education has issued the guidelines on this.

“What we have at present is the Institute of Middle East and Asian Studies (IMEAS), which offers subjects in halal management,” Mr. Garcia said.

Malaysia is currently the only country in the BIMPEAGA offering a halal course, he added.

Badrodin S. Abdulkadir, dean of the IMEAS, said of the 1,042 students they have this year, at least 40 have signified interest to major in halal management.

“Leading countries in halal, Brunei and Malaysia will share their expertise and support the Philippines and Indonesia in developing our respective halal industries with the end view of a stronger collective BIMP-EAGA and ASEAN halal industry,” said Senator Cynthia A. Villar in a speech delivered by a representative during the event’s opening.

Ms. Villar, author of Senate Bill 2831 or the Philippine Halal Export Development and Promotion Act that will soon be transmitted to Ma lacañang for t he President’s approval, said this is the first time that the education sector is being included in the discussions on halal development.

“Inputs to halal production through S&T are necessary in t he de velopment of quality halal products and services. The participation of HEIs, especially through relevant R&D (research and development), is crucial as well in charting the growth of the local halal industry,” she added.

The senator, who chairs the committee on agriculture, pointed out that the global halal market is estimated to be worth $2.3 trillion.

“As we open our borders for the integration of industries in the ASEAN region, we must open our minds for the integration of ideas and initiatives which is necessary in finding solutions that will advance the halal industry that is already regional in scope,” Mr. Garcia said.

The output of the Congress will be presented to the Senior Officials of the BIMP-EAGA through the Socio Cultural and Education Custer and to relevant private sector executives as a primar y document for halal industry development initiatives.

MSMES Meanwhile, the Department of Trade and Industry (DTI) has urged micro, small and medium enterprises (MSMEs) to adopt electronic commerce (e-commerce) as a means to expand, participate and compete within BIMP-EAGA and the bigger ASEAN community.

“With e-commerce, this will make it borderless for MSMEs to do business,” said DTI Undersecretary Prudencio M. Reyes Jr. during

11

2014 ppi’S Best in ENVIRONMENTAL Reporting

the BIMP-EAGA strategic planning held in Davao City last week.

Mr. Reyes said there is an e-commerce roadmap for MSMEs, but acknowledged that its implementation will largely dep end on telecommunications and logistics companies providing a stronger backbone to the entrepreneurs.

The roadmap, he said, only serves as a general guide for both the government and the private sector in coming up with detailed plans for specific projects. “ (MSMEs) can tap into existing e-commerce portals or companies that have the capacity to establish one can help them in this endeavor,” Mr. Reyes said.

Mr. R e ye s a d m itte d that Internet and transport connectivity for the Philippines remains the biggest challenge for its participation in the EAGA sub-region.

Vicente T. Lao, chair of the Mindanao Business Council, said the government should take the lead role in helping MSMEs understand the e-commerce concept as well as provide support for setting up the necessary infrastructure.

“Mo s t ( c omp a n i e s ) , there are some (among MSMEs), have considered venturing into e-commerce, both as a challenge and an expense,” said Mr. Lao told BusinessWeek Mindanao.

He p oi nte d out t he country’s weakness in terms of available Internet service, considered the second slowest in Asia after Afghanistan and among the most expensive.

Educates... from page 2

Bura National High School, Camiguin National High School and CPSC Catarman College, Holy Rosary High School and Eulalio Pabillore Nat i ona l Hi g h S cho ol, Guinsiliban National High School and Maac National Hig h S cho ol, Ma hinog National High School and CSMPHS, Tupsan National High School and CPSC College, Mambajao National High School and CSAT, Yumbing National High School and Fatima College of Camiguin High School and College. (Jovelyn V. Perez/ DOLE-10 PFO-Camiguin)

Kaamulan... from page 2

This year, the grand opening will be on 4 March at Malaybalay city grandstand.

Meanwhile, the first Kamulan Philippine Circuit Mt. Festival will be on 5 March at Mt. Kalatungan, Mt. Dulang, and Mt. Kitanglad. There will also be a tribal convention on 1820 March at the Kaamulan Open Theater. Further, on 1 April, there will be a night of Bukidnon songs and dances dubbed “Piniliyapan hu Bukidnon.” Lastly, the Kaamulan Street Dancing and Tableau Competition will be held on 2 April at Fortich Sts., Capitol Grounds.

12

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YOUR Mindanao-wide BUSINESS paper

BPI holds Lifestyle Madness monday | march 7, 2016

B1

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AGAYAN DE ORO CITY -- One again, the Bank of the Philippine Islands (BPI) aimed to make the best ‘life goals’ happen for Filipinos as it unveiled another edition of its BPI Lifestyle Madness events on March 4-6, 2016, here.

BPI Lifestyle Madness is where the country's top automotive, real state, franchising and electronic brands join forces with BPI to give Filipinos the convenience of a onestop shop, whether it be

DUST MITE ALLERGENS CAN RUIN PLAYTIME.

Come and visit the BPI Lifestyle Madness in Ayala Centrio Mall from March 3-6, 2016, with great deals on cars, real estate and gadgets. Plus exciting prizes raffled off!

US exchange alumni train young Minda leaders on good governance

By Mark D. Francisco

CAGAYAN DE ORO CITY – A group of former exchange students to the United States from Mindanao have banded

together to pass on to young community leaders from the island about the governance training they have learned.

for a new car or house, new business, investment opportunities or simply a lifestyle upgrade.

Now on its third year, BPI is making it more exciting as Lifestyle Talks and consultations are

scheduled throughout the event. The bank's financial advisers are also on hand to explain how its products and services can help improve their lives and achieve their financial aspirations.

Apart from BPI's deposit and investment products, the bank's Auto Loan, Housing Loan, KaNegosyo Loan, Personal Loan, and BPI-Pholam Life Insurance offerings see full story/PAGE B2

The group calling itself United States Alumni for Institutional Reforms has already conducted two training programs – one in 2015 for the environment train/PAGE B2 C

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A participant outlines his proposal during the training on good governance conducted by the United States Alumni for Institutional Reform held last March 4 to 5 at Chali Beach Resort in Cagayan de Oro City. PHOTO BY MARK FRANCISCO

KI-A60E-W

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CorporateEvents

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BPI holds Lifestyle Madness

C

AGAYAN DE ORO CITY -One again, the Bank of the Philippine Islands (BPI) aimed to make the best ‘life goals’ happen for Filipinos as it unveiled another edition of its BPI Lifestyle Madness events on March 4-6, 2016, here.

BPI Lifestyle Madness is where the country's top automotive, real state, franchising and electronic brands join forces with BPI to give Filipinos the convenience of a one-stop shop, whether it be for a new car or house, new business, investment opportunities or simply a lifestyle upgrade.

Now on its third year, BPI is making it more exciting as Lifestyle Talks and consultations are scheduled throughout the event. The bank's financial advisers are also on hand to explain how its products and services can help improve their lives and achieve their financial aspirations.

Apart from

BPI's deposit and investment products, the bank's Auto Loan, Housing Loan, Ka-Negosyo Loan, Personal Loan, and BPI-Pholam Life Insurance offerings are available during these events.

BPI Credit Card holders can also avail of items at 0% interest rate, pay up to 12 months in installments, and even get double the credit limit of their credit card, ideal for big-ticket purchases.

Those who don't have a BPI Credit Card yet may simple drop by the BPI Credit Card booth and fill-out anapplication form.

With this the BPI Freefor-life Credit Card, they will never have to worry about paying annual fees-for life!

BPI Area Business Director Isagani Saguindang talks about how the BPI Lifestyle Madness aims to cater to the needs of the customers and offering them exciting deals.

The 'Madness' caravan series ran from March 4 to 6, at the Centrio Mall, here; April 1 to 4, at the CSI City Mall in Dagupan, Pangasinan, and Veranza Mall in General Santos City.

BPI is the first bank in the Philippines and in Southeast Asia. It is a commercial bank with an expanded banking license. BPI provides diverse financial services that include deposit taking and cash management, asset management, securities brokerage, foreign exchange and capital markets investments, bancassurance, corporate lending, leasing, and investment banking.

BPI has significant financial strength, with strong Tier 1 capital adequacy ratios and profitability, underpinned by a strong risk management regime.

BPI is rated investmentgrade by international credit ratings agencies.

All smiles for the BPI team as they pose for a photo and prepare to welcome mallgoers to the BPI Lifestyle Madness event in Ayala Centrio Mall. (From L-R) Shane Benedicto, OF Segment manager, Isagani Saguindang, Cayagan De Oro area business director, Mari-Joy Ramos, area business director for BFB VisMin, Ritchie Farinas, AVP for OF Segment, Maricris San Diego, VP for Personal Banking Segment, Kleya Mac Yee, marketing assistant for Personal Banking Segment and Ed Marco Magbanua, Personal Banking Segment manager.

Area Business Director for BFB VisMin Mari-Joy Ramos talks about how the BPI Lifestyle Madness aims to cater to the needs of the customers and offering them exciting deals.

Free Financial checks are also available for customers in the BPI Lifestyle Madness.

BPI Heads happily opening the BPI Lifestyle Madness.

Train... from page B1

and another one last week on governance.

The July 2015 training has netted 60 participants from all over the island. All of them have submitted project proposals relating to environment concerns and were evaluated by US-AIR for funding consideration from the United States Embassy.

“Their proposals are just micro-level ones to be implemented at the barangay level. But at least, they can jumpstart awareness on whatever advocacies they are, whether on environment or governance,” Ms. Jerlie Luis-Requerme, United States Alumni for Institutional Reforms coordinator, said.

Luis-Requerme, a judge serving at a municipal circuit trial

court sala in Bukidnon, was a US exchange student grantee in 2012 when she was already practicing law. After she returned a year later, she founded the United States Alumni for Institutional Reforms to help up and coming leaders in Mindanao.

Together with a dozen other exchange students alumni from Northern Mindanao, they helped craft the syllabuses in their short-term

trainings. Last week, a two-day training in good governance was conducted by the group.

One of the trainees, a community organizer from Zamboanga del Norte, said the training has done much to help him improve the voluntary services that he and his group has done in that province.

“I have learned a lot of things here especially on community development

and how to encourage the people to participate in governance in their respective barangays by actively engaging not just the barangay officials but involving the whole community,” Rancid Cszar Villano, one of the leaders of Yellow Boat of Hope Foundation, said.

Yellow Boat of Hope Foundation started as a movement to help children who used to swim to school in a farfetched

village of Zamboanga City. This is just one of the groups being assisted by the United States Alumni for Institutional Reforms.

“I hope through the coordination of the United States Embassy, we will be able to help more organizations here in Mindanao as they assist the underprivileged in their respective communities for the betterment of society,” Ms. Luis-Requerme said.

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BusinessWeek MINDANAO ing

r o t o m Suzuki Car Clubs unite to form Team Suzuki Philippines T 2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS NEWSPAPER monday | march 7, 2016

he six accredited Suzuki car clubs in the country; Team Alto Pilipinas, Team Celerio Philippines, Swift 1.2 Philippines, Team APV Philippines, Club Ertiga Philippines, and Vitara Club of the Philippines are now collectively called Team Suzuki Philippines (TSP), a non-profit organization which convened to foster camaraderie and support one other. They marked the milestone by holding the first get together in Nuvali, Sta. Rosa, Laguna.

Mr. Shuzo Hoshikura, SPH General Manager for Automobile, shared, “We have proven time and again that it is in the relationship that we build with automobile owners that we find the strength and motivation to improve

2014 ppi’S Best in ENVIRONMENTAL Reporting

Motoring Editor: GILBERT Y. CHAO

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our products.

“This is a great way for us to reach out to them, and to create a network of members who share a common goal: to improve the driving experience.

That is the goal of SPH, as well, and we have a better chance of achieving this if we are one team interacting, exchanging opinions, criticizing, suggesting, and probably even just being friends with one another,” Mr. Hoshikura added.

SPH, which posted a huge 2015 sales growth, has a positive business outlook for 2016 as well as big plans for Team Suzuki Philippines. Aside from the first six accredited clubs, other Suzuki car clubs nationwide are encouraged to join the TSP family.

Honda hauls in the All-New Pilot Honda Cars Philippines, Inc. (HCPI) Honda’s automobile business unit in the Philippines officially launches the All-New Pilot at EDSA Shangri-la Hotel, Ortigas Center, Mandaluyong City.

Honda’s redesigned premium SUV sports a sleeker design accentuated by distinctive character lines and an aggressive new face. The LED Projector Type Headlight with Signature LED Daytime Running Lights (DRL), and LED Tail Lights, as well as new 18inch alloy wheels complete the All-New Pilot’s modern and commanding look.

Honda’s Earth Dreams Technology 3.5-liter Direct Injection i-VTEC V6 engine with Variable Cylinder Management (VCM) and a 6-speed Automatic Transmission are featured in the AllNew Pilot. This delivers maximum power output of 284 ps. The All-New Pilot also features new Intelligent Variable Torque Management (i-VTM4), an All Wheel Drive system with torquevectoring function that can apportion torque across the rear axle to aid cornering. This helps deliver more dynamic handling that provides confident, efficient, and dynamic all-weather performance. This is

Yamaha joins the Sinulog Festival paired with the New Intelligent Traction Management, a system that offers four different All Wheel Drive modes (normal, snow, mud, and sand).

The All-New Pilot has premiere safety features that are at the fore-front of its class. Awarded the 2016 Insurance Institute for Highway Safety (IIHS) Top Safety Pick+, the AllNew Pilot boasts of the Advance Compatibility Engineering (ACE) body structure, and Honda SENSING. The All-New Pilot is the second Honda vehicle in the Philippines to exhibit this system following the Legend.

The Advance Compatibility Engineering (ACE) body structure not only absorbs and disperses the energy of a frontal collision, but also protects the occupants

with the efficient ultrahigh strength door ring design both from frontal and side impacts.

On the other hand, the Honda SENSING is a comprehensive set of driver assistive technology, which effectively prevents and responds to dangerous driving situations by expanding the driver’s situational awareness.

These functions use a monocular camera and radar behind the front grille. The suite of technologies include the Adaptive Cruise Control (ACC), Collision Mitigation Braking System (CMBS), Lane Keeping Assist System (LKAS), and Road Departure Mitigation (RDM) , Forward Collision Warning (FCW), and Lane Departure Warning (LDW).

Other standard safety features include four-channel AntiLock Brakes (ABS) with Brake Assist and Hill Start Assist, Vehicle Stability Assist (VSA), Blind Spot Information System, Cross Traffic Monitor, Driver and Front Passenger Airbags, Driver and Passenger Side Airbag, and complete Side Curtain Airbag.

Tire Pressure Monitoring System (TPMS) with realtime display of individual tire pressures has been added in the All-New Pilot.

Engineered to deliver true premium luxury with the commanding and influential presence one can only get from a luxury SUV, the All-New Pilot will be available at all Honda dealerships with a suggested retail price of Php 3,380,000.00.

After closing out an amazing 2015 that was filled with milestones and celebrations, Yamaha Motor Philippines, Inc. made sure to welcome 2016 with a bang by joining the Sinulog Festival in Cebu. The festivities in the region were filled with a fusion lights and sound that saw people of all ages enjoy the culture that it had to offer.

Yamaha was also part of the Sinulog Queen Coronation night where they awarded Ms. Cynthia Thomalia as the “Rev Queen”. The award is given to the participant that personifies what Yamaha is all about, Revving Hearts. She is stunning, exhilarating, and awakens the passion of everyone around her.

After that, it was time for the REV PARTY. Hosted by Rico Robles

and Phoebe Fernandez.

Over 20,000 people were in attendance as Yamaha presented DJ Patty Tiu, and Bamboo. The entire 6-kilometer length of the parade was attended by approximately 3.5 Million people. The year has just begun and Yamaha is off to a sizzling start, we can expect the same for the coming months because 2016 just a had a grand start.