BusinessWeek MINDANAO CREDIBLE
Volume VII, No. 121
Market Indicators
As of 6:11 pm February 23, 2017 (thursday)
FOREX
PHISIX
US$1 = P50.240
7,031.01
6.5
X X Briefly
cents
14.56 points
Pole construction UNSECURED wires and cables around Cagayan de Oro City soon will be addressed. The 18th City Council headed by Vice Mayor Raineir Joaquin V. Uy during its regular session Monday presided over by Councilor Zaldy Ocon adopted Resolution No. 12607-2017, urging Mayor Oscar S. Moreno to cause the implementation of the provisions of Ordinance No. 12130-2011, known as Pole Construction Regulation Ordinance of 2011. The ordinance governs the installation and construction of poles and attachments on overhead lines which include electrical power, telecommunications and cables along major thoroughfares and suburbs within the territorial jurisdiction of Cagayan de Oro. It aims to solve the prevalent problems on messy, unsecured wires and cables around the city wherein the initial solution is the cleaning-up or unbundling of wires and cables along the streets.
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BIR, BOC tighten drive against fake cigarettes www.businessweekmindanao.com
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By MINDANEWS
ENERAL SANTOS CITY– Revenue and customs personnel here have widened their monitoring in the local markets for the presence of cigarette products that carry counterfeit or fake tax stamps.
P15.00
Wednesday | March 8, 2017
Esmeralda Tabule, Bureau of Internal Revenue (BIR)Revenue Region 18 regional director, said Tuesday they are currently conducting inspections on commercial
establishments in the area to check the status of their cigarette stocks. She said the move is in connection with the recovery of around P215 million worth
of cigarette products with counterfeit tax stamps from a warehouse along Aradaza Street in Barangay Lagao here last week. drive/PAGE 11
Outstanding student XAVIER University - Ateneo de Cagayan graduate Gimar Reyes was hailed as one of the 2016 Ten Outstanding Students of the Philippines (TOSP). The TOSP awards program honors the country’s most notable students who not only excel academically but also dedicate themselves as exceptional leaders and community servants in order to make a difference in their respective circles. During his selection as one of the finalists back in November 2016, Reyes said, “Community service, for me, is my ultimate expression of my inherent love to God and my country. It is through giving back to others that shed light to my very core being. As an instrument of God’s love, I am called to respond to this challenge. Profoundly, helping others who are in need, the least, last, and lost in our society fuels my desire to live. A call for the preferential option for the poor; a call for God’s mercy and compassion to be felt by the people through works of justice, through love…”
BAYANIHAN. Neighbors and relatives help carry a house in the village of Olandang along the border of Midsayap, North Cotabato and Datu Piang, Maguindanao on Monday (March 6, 2017). Called Bayanihan, the practice of helping one another without expecting something in return remains alive among Filipinos in rural areas. A salo-salo or free breakfast hosted by the house owner will follow as a gesture of gratitude. MindaNews photo by Ferdinandh Cabrera
Tourist arrivals in R-12 almost 4 million in 2016 By MINDANEWS
GENERAL SANTOS CITY — Tourist arrivals in Region 12 or Soccsksargen surged to around 3.76 million in 2016, making it one of the fastest growing travel destinations in the country. Ne l l y Ni t a D i l l e r a , Department of TourismRegion 12 director, said the
region’s visitor arrivals last year increased by a total of 615,736 or 16 percent more than the 3,148, 928 in 2015. She said the recorded visitors in 2016 is the highest for the region in the last four years or since 2013. “Our annual average tourist/PAGE 11
Italpinas launches Primavera City Tower B Listed green builder Italpinas Development Corporation (IDC) is launching the new tower of its latest sustainable project, Primavera City, at Primavera Residences, Pueblo de Oro Business Park, Uptown Cagayan de Oro City, March 8. Joining this memorable e v e n t a r e I D C ’s t o p executives, Architect Romolo Valentino Nati, Chairman and CEO, Ms. Grace Guarin, EVP for Operations, Mr. Harold Dacumos, SVP for Banking and Business Development Operations, I D C ’s E x e c u t i v e s f o r
Primavera Sales Operation and leasing partner, Damiani Property Management and Ser vices, Inc.--namely, Antonio Damiani and Rubi Ong-Bieri; Hon. Oscar Moreno; accredited realties; business partners, clients, among others. About Primavera City Primavera City is designed as a seven-tower development. The first phase of the project consists of Tower A and B, which are scheduled to be completed in the year 2018. Its seventh tower, the final one to be built, is planned to be a
high rise hotel, and an icon of the new and modern face of uptown CDO. Towers A and B together will consist of 281 residential units including studio, onebedroom, and two-bedroom units, with the option for larger configurations to be custom designed upon request. They will also have 9 commercial units, 8 restaurant units and 41 office spaces respectively. Learn more at www. primaveracity.com or contact Primavera Sales Office at 0917-792-1078, (088) 8805002 or sales@italpinas.com.
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Economy 2 confident Chamber sees more foreign Dominguez of sustained 7% PHL investments in Davao City economic growth D Advertising and Editorial E-mail : businessweekmindanao@gmail.com Contact nos. : 0917-7121424 • 0947-8935776
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AVA O C I T Y –- The Davao City Chamber of Commerce and Industry (DCCCI) is optimistic that the city will attract more foreign investments as more foreign businessmen are visiting the area since the start of the year. Speaking at the regular Kapehan sa Dabaw at SM City on Monday, DCCCI president Ronald Go said three foreign delegations had already visited the city since January to explore its trade or investment potentials. The ambassadors of Denmark, Pakistan and Australia headed the foreign
delegations, he said. Go said the DCCCI is looking for the incoming visit of a British delegation. The date of their arrival in Davao City is still being finalized. Go also recognized the increased visits of groups of businessmen from the United States, Japan, China and South Korea within the first two months of 2017. “ T h e y we re h e re to determine what areas of trade and business they can engage or invest,” Go pointed out.He added that discussions between local business groups and the foreign visitors also focused
on the export of Philippine products to their respective countries. More foreign investors will visit as DCCCI will host the 4th Davao Investment Conference 2017 (ICON 2017) on July 21 to 22 at the SMX Convention Center in SM Lanang, Go said. ICON 2017 is a major business event seen to bring together potential buyers and investors as well as industry experts to discuss and present Davao region’s business opportunities. Go said ICON 2017 will further portray Davao City and the whole Davao region t o pro s p e c t ive fore i g n
investors as “excellent and profitable places to invest and do business.” Arturo Milan, chair of ICON 2017, also emphasized the significance of the event in relation to the election of President Rodrigo R. Duterte and the current increase in the country’s Gross Domestic Product (GDP). “Now is the time to promote Davao City and the whole Davao region,” Mi l an st re ss e d, n ot i ng that the President, being from the city, has drawn the attention and interest of business groups and investors both from the country and abroad. Milan cited that the chamber/PAGE 11
By Joann Santiago
MANILA - Finance Secretary Carlos Dominguez III on Monday expressed confidence that the country can easily achieve a seven percent economic growth and sustain it in the medium term. Dominguez, in his speech at the start of the hearing by the House committee on Ways and Means on the proposed comprehensive tax reform program (CTRP), stressed the importance of the proposed CTRP to enable the government ensure more inclusive growth and elevate the Philippines to a high middle-income status by 2022. He s a i d a d d i t i o n a l revenues from the tax reform proposals would further
bolster domestic economic growth that was driven by low interest rate environment and sustained improvement of macroeconomic fundamentals and fiscal position. ” With sufficient public spending on direly needed infrastructure, we could easily achieve a seven percent growth rate and sustain that well into the medium term,” he said. If this goal is achieved, a high middle income status is achievable in six years, which Dominguez said was what some economists dub as a “Cinderella moment” for the country. Another factor that needs growth/PAGE 11
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During his visit, President Rodrigo Duterte talks one of the wounded-in-action soldiers staying at the station hospital of 4th Infantry Division, Philippine Army. (HZD/IJBD/PIA10)
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Welcome the Post-EDSA Rallying Cry
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How to debate with your mate Think a minute…A wise marriage counselor asks every couple wanting to get married if they have had a real argument yet. Often they answer: “Oh, no! We love each other. We never fight!” This marriage counselor tells every couple to fight first before they get married. He says that when couples disagree, they must learn to listen and understand each other’s feelings so they can solve their differences and forgive each other each time they disagree. A very important skill in building a happy marriage and life together is learning how to debate with your mate. But there are rules you must follow to have a fair, good debate, so you will still be close friends afterwards. First, before you start, both of you should agree to stick only to that issue. Don’t bring up past problems and hurts. Second, remember that your goal is not to win the argument, but to understand each other’s feelings. In other words, TUNE IN. Really listen to what each other is thinking and feeling. Try to understand how you are causing them to feel hurt or wronged. Put yourself in their place and see things from their side. Remember, feelings are not
THINK
A Minute
Jhan Tiafau Hurst right or wrong, but they are very real to your mate. So how your wife or husband feels should be important to you. Third, never argue and talk about personal, private matters in front of other people. Number four, stop the fight if either of you loses control of your anger or words. And the final rule on how to debate with your mate is TONE DOWN. This means we must try to stay calm, kind and gentle. They say that 90% of the tension and anger in families is caused by the wrong tone of voice. Many times it’s not what we say, but how we say it. What we say may be right, but how we say it is wrong. We need to kindly and gently say how Hurst/PAGE 11
The 31st EDSA commemoration alongside the pro-Duterte rally at the Quirino Grandstand speaks their intimations. The 9,000 who went to the People Power Monument obviously have mixed intensions, though: they want to say, “Here we are to remember the dethroning of a tyrant; but we also want to demolish a regime that does not suit us.” The message speaks loud, except that of the youth who faced off with Jim Paredes. At least their intimation—verbal or not—would reverberate like this, no wonder not a great crowd thronged for such an ostensible rally. On the other hand, the 200,000 at the Quirino Grandstand held their banner to contradict those who use EDSA as a panacea for all ills—those who support the oligarch’s rackets and use EDSA spirit as a wardrobe for mud spa. Such rallyists say, “We support the administration’s drug war and anti-crime and corruption drives. Stop your devious plans in that guise
(speaking to the crowd at the People Power Monument). Many Filipinos know what they perceive. So, if writers say the Filipinos are divided now, they are right. It means that one’s noble act will not forever become a title to monopolize all virtues and discredit the rise of heroes in their own time. The time of Ninoy Aquino is over, though. His family members, who got their clout from Ninoy have already proven their worth. Afterwards, they wane. People no longer make sense of their contributions in this era of new battles. They possessed some traits—yes; but not an entitlement to make people follow them all the time. Simple. Added to this is a glaring derailment of EDSA spirit by those who seem to celebrate it—the big pie for the wellheeled, fancy “human rights” chant to take back their lost clout, the “make it appear but not necessarily true” stratagem funded by a wealthy Filipino-American,
gold-inspired testimonies (no matter how contradictory) to highlight killings. Use your wild imagination. Such tarnish repel many Filipinos which explains the weakening voice of propagandists during 31st EDSA. Not many back up a lie. They lie because they cannot gather a crowd if they reveal the real picture. They lie because they are among the fraudulent who get millions from tax exemptions enjoyed by company, of which former President P-Noy is recently questioned about. And what about the overwhelming voices of the 200,000? They see Duterte as the man of the hour. They believe his no-sloganeering charismatic leadership rids them of many horrors with his penchant for results. They do not allow what threatens them and all Filipinos to be diminished by meaningless mantras. They do not allow real reforms that have genuinely begun by the Freedom on Information executive order and action-
lucell larawan oriented leadership to get the slights from the real enemies. The changes in the senate’s shuffling of leadership initiated by senator Manny Pacquiao reflect this: dissent must have its proper place, but not where governance is put at the disloyal’s beck and call. Do not play with the seriousness of governance. Do not use democracy as a weapon to destroy society. Stop enthroning dissent where timely and responsive decisions are very crucial. Stop inviting foreign ideas to instigate an ouster. Do we have enough of a sick democracy?
Student painting contest to mark Rotary Foundation’s 100 years LIFE’S INSPIRATIONS: “… Train the child in the way that he should go, and he will never depart from it even if he grows old…” (Proverbs 22:6, the Holy Bible). -ooo S T U D E N T PAINTING CONTEST TO M A R K ROTA RY FOUNDATION’S “100 YEARS OF DOING GOOD IN THE WORLD”: What would it be like for a collegiate fine arts student to be recognized as a champion painter in a painting contest that Rotarians are staging to celebrate the Rotary Foundation’s “100 years of doing good in the world”, with the generous support of t he c ou nt r y ’s top patron of the arts, Ayala Corporation, and of top radio and TV stations and respectable newspapers as media partners? We will soon f ind out, on account of the launching next week, March 09, 2017, of the “Art Serving Humanity” painting contest of the Rotary Club of Intramuros, which is one of the 100 or so clubs of Rotar y International District 3810 that covers Manila, Pasay City, Cavite and Occidental Mindoro. Angelina Domingo Mauricio, my wife who is the All Star President of RC Intramuros, said the painting contest will run
between March 09, 2017, on the day of its launching, until t he completion of its f inal s elec tion process for the winning painting entries on June 01, 2017, which actually marks the 100th year of the Rotary Foundation’s establishment. District 3810 Gov. Ernesto D. Yu y e k ap p r ov e d t h e holding of the contest. -ooo CONTEST TO ENCOURAGE PINOY KIDS TO DEVELOP ART TALENT: Technological Un ive rs it y of t h e Philippines Professor Dr. Meliton Baccay, the chair of RC Intramuros’ humanitarian services, has been tapped to lead the committee that will oversee the holding of the painting contest from its start to finish. Baccay announced that the contest is open to all fine arts students f rom Metro Manila schools, colleges and university, in a bid to encourage Filipino kids to hone their painting and art talents. The painting entries will focus on what the Rotary Foundation has done towards the fulfillment of the so-called six areas of focus of all Rotary every Rotary year (which starts on July 1 of each year and ends on June 30 of the succeeding year)---which are peace and conflict prevention and resolution,
disease prevention and treatment, water and s a n it at i on , m at e r n a l and child health, basic education and literacy, and economic and community development. The Rotary Foundation is a separate nonprofit corporation that supports the efforts of R ot ar y Inte r nat i ona l to achieve world understanding and peace through international humanitarian, educational, and cultural exchange programs. The Foundation was started by Arch C. Klump in 1917. Klump was a president of Rotary International. -ooo RULES ON PAINTING CONTEST: Entries should b e s u bm itt e d at t h e Office of the Graduate Programs and External Studies, 2nd Floor Center for Academic Programs, Technological University of the Philippines, Ayala Blvd., San Marcelino St., Manila, on or before May 05, 2017. For more information, interested parties may call or email Dr. Bacay at 0998 202 4606, and melbaccay@ yahoo.com. A l l St ar President Angelina Mauricio on the other hand disclosed that Philippine Star, Manila Bulletin, PTV 4 and Radyo Agila’s DZEC are now officially accredited as the media partners of RC
K akampi
Mo A ng Batas
Atty. Batas Mauricio
Intramuros for the project. She said that other patrons, donors, and supporters are expected to assist towards a successful completion of the contest. The launching of the painting contest on March 09, 2017 at the Ilustrado Restaurant in Intramuros, Manila, coincides with the celebration of the 36th Charter anniversary of the Rotar y Club of Intramuros, where the Club is scheduled to honor its past presidents who have continued helping it in its varied charitable and humanitarian projects. -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible Exposition and prayer session online, could now be heard 24/7 (24 hours a day), in the Philippines and the world at www.facebook.com/ angtangingdaan. Phone: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@ yahoo.com.
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CorporateWorld
Mitsubishi PHL increases production by 46% in 2016 M
By Kris M. Crismundo
ANILA -Mitsubishi Motors Philippines Corporation (MMPC) has increased its production volume in 2016 by 46 percent, manufacturing 22,008 vehicles from 15,066 units in 2015. Last year was a record-year for MMPC as it registered
its hig hest pro duc t ion volume since 1998 while also breaching the 600,000mark. The Japanese carmaker attributed the growth in production to robust demand of L300 and Adventure models last year, maximizing MMPC’s manufacturing capacity. “We are pl e a s e d to
achieve such huge increase in production volume in 2016. This improvement can be credited to our stable economy which brings forth strong consumer confidence and also the collective efforts our employees and our business partners,” MMPC President and CEO Yoshiaki Kato said. In November 2016, MMPC started a two-shift production
and hired additional 500 employees to support its i n c re a s i n g p ro d u c t i o n activities. The expansion of operations and personnel also backs MMPC’s production of Mirage G4 which kicked off last month and the Mirage hatchback that will start local manufacturing by May. Mirage sedan and hatchback were the vehicles
registered by MMPC under the Comprehensive Automotive Resurgence Strategy (CARS) Program of the government, which gives incentives to car companies that would
produce their vehicles in the Philippines. MMPC eyes to produce 42,000 units by the end of the year. (PNA) JMC/KMC
ASEAN’s top trade officials to meet in Manila this week MANILA -- Top trade officials of ASEAN will meet here from March 8 to 10 for the ASEAN Economic Ministers (AEM) Retreat and Related Meetings. The AEM are responsible for the ASEAN Economic Community (AEC), one of the bloc’s three pillars which include ASEAN Socio-Political Community and ASEAN Socio-Cultural Community. As the Philippines hosts this year’s ASEAN Summit, Department of Trade and Industry Secretary Ramon Lopez will chair the AEM meetings this week. In a statement on Monday,
Lopez said the AEM meetings would be the platform to push inclusive and innovation-led growth, which is one of the country’s thematic priorities for its ASEAN chairmanship. “Our strategic measures are consistent with our current agenda to promote employment and entrepreneurship. The AEM is an excellent platform to push for the country’s core thrusts on trade and investment, MSME (micro, small, and medium enterprise) development and innovation,” Lopez said. Lopez said that the bloc’s top trade officials targeted
to discuss strengthening partnership among stakeholders to expand knowledge and increase the utilization of free trade agreements (FTAs) in the region such as the ASEAN Trade in Goods Agreement (ATIGA) as well as trade agreements with the six external partners including China, Japan, South Korea, India, Australia, and New Zealand. In particular, economic ministers want to improve the level of utilization of these FTAs among MSMEs. A study of ASEAN Business
Advisory Council (BAC), International Institute for Sustainable Development (IISD), and Trade Knowledge Network (TKN) in 2014 noted that data on MSMEs’ FTA utilization remained a challenge in the region, while large firms were mostly benefiting from the trade agreements. This is despite MSMEs shared 99.3 percent of total businesses in the region, 79.6 percent of employment, and about 50 percent of the gross domestic product (GDP) of ASEAN. Lopez stressed that the
highly technical engagements in the ASEAN meeting should be inclusive and relevant to ASEAN nationals, which will raise their awareness on the opportunities of the AEC. The trade chief also pointed out the need for an innovative growth in the region, especially by using digital technology to help MSMEs be more competitive as well as utilizing e-commerce to expand their market. ASEAN BAC, IISD, and TKN study likewise showed that technology and skill is the second main constraint for ASEAN MSMEs, next to
capital. Lopez added that ASEAN should promote policies that encourage innovation among MSMEs. Earlier, the country’s trade chief said economic ministers targeted to conclude the negotiations and text for the Regional Comprehensive E c on om i c Par t n e r s h ip (RCEP), the FTA of ASEAN with its six dialogue partners, this year. A bigger meeting of AEM will be in September, also hosted by the Philippines. (Kris M. Crismundo/PNA) RMA/KMC
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LifeStyle World-famous Astrologer Anne Chamfort come to Manila T he worldfamous French Astrologer to the Stars Anne Chamfort brings the remarkable world of astrology closer to the Filipinos as she comes to Manila for the first time on February 13 for a twoday event as part of her Asian Tour. Guided by her life mission to help ordinary people change their lives for the better and find luck, success and happiness, Anne will share her positive energy and show her amazing abilities through giving advices, guidance and special gifts that can help attract prosperity. Aside from a press conference, Anne is also set to conduct personal consultations in a meetand-greet event. For decades, Anne
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Anne Chamfort
has helped many people from different walks of life all over the world reach their most cherished dreams and aspirations and achieve a brighter future. Endowed with a rare psychic gift from generations of clairvoyants in her family, Anne has set records on accuracy of predictions as 90% of these cases are
fulfilled. For the same reason, she has received prestigious awards and recogni¬tions and has attracted the attention of mass media. Dubbed as the best clairvoyant in the world, Anne’s popularity extends to the world of show business as numerous celebrities seek for her advice regarding their career, relationships, luck and wealth. Thus, she is called the Astrologer to the Stars. She has written multiple reference books, searched for the most precious amulets and crafted special charms charged with her power, which she gives to her friends and clients. Even her colleagues, fellow clairvoyants and psychic masters, ask for her advice and recommendations. Anne’s expertise in astrology ranges from the most common, including clairvoyance, numerology, and tarot reading, to the ancient and traditional ones. As the Owner of the Higher Moroccan mag¬ic, Anne has studied the Laws of Esotericism and Principles of the Universal Cosmic Energy. She has mastered the most powerful astrological techniques - among them are coffee cup reading, runes and pendulum – that she uses in her predictions. Born with the natural amazing gift of prediction, Anne became aware of her abilities at a very young age when she had a vision about her family. She developed her
abilities through the help of her grandfather and began helping people in their small village in Morocco. Being a Hereditary Clair-voyant, Anne was a fast-learner that she was able to exceed her teachers. Up until now, she continues to enrich her knowledge and skills and to reach out to more people who need her help. She shares her experiences, secrets and words of encouragement in her book, “Great Book of Secrets,” which has been translated in different languages and published in various countries. She also tells stories about confrontation with her clients and practical tips to invite love, luck and wealth in the book “Practical Magic of Wealth, Hap-piness and Success.” These books contain the secrets and techniques that Anne has gathered from years of encounters with people’s fate.
With her warm, generous heart and approachable, selfless personal¬ity, Anne effortlessly connects with people. Every day, she receives letters and testimonies from the people she has helped. These people are grateful to Anne for her guidance that made them overcome their difficult situa¬tions and problems in all aspects of life. Letters come from people across nations seeking for her help. Through her telepathic abilities, Anne is able to connect with their personal vibrations and use her powers remotely to help them find a solution to their problems and give them hope for a much bet¬ter life. She sends them personal letters and provides unique offers that can possibly improve their Anne brings her wide scope of abilities and experiences to Manila to give the same help
to the Filipino people. Anne is willing to give the best of her gift to empower special magical ceremonies and intensify the attraction of good fortune, abundance and success even more. You may be amazed with how Anne’s powers can help bring positive changes to your life and make your dreams come true. Amazing surprises and incredible events may just be around the corner. Anne can help maximize them for you because she believes that everyone deserves a life full of joy, love and success. Know what this year has in store for you and how you can ward off danger and bad luck. Revive your connection with the universe and live in harmony. Don’t miss the chance to meet Anne in person and experience a whole new world of happiness and prosperity – the best of what life can offer.
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Billboard
Use tech tools and innovation opportunities to enhance education - PLDT, Smart execs
E
xecutives of PLDT and Smart Communications recently shared with international audiences how providing access to technological tools and innovation opportunities could enhance the education of Filipino students, from kindergarten to college. At the EduTECH event staged in the SMX Convention Center by Terrapinn, a world leader in business events, Smart community partnerships head Darwin Flores said lack of access to technology could widen the economic divide. This, he said, is why Smart is making available digital learning tools and content to students in remote and underserved areas. Smart is doing this via
Smart community partnerships head Darwin Flores, at the EduTECH event
donations of the Schoolin-a-Bag and TechnoCart. The School-in-a-Bag is a backpack aimed at remote schools with no electricity. It has a solar panel and
battery, LED TV, a laptop and tablet for the teacher, five tablets for students, lapel mic, hard drive, and pocket Wi-Fi with starter load. The donation package
likewise includes teachers’ training, K+12 content, learning activity sheets, and a learning management system. Meanwhile, the
Smart public affairs senior manager Stephanie Orlino, speaking at the Global Peace Convention
TechnoCart is a digital laboratory that can be wheeled from one classroom to the next. It contains 20 student tablets preloaded with the Batibot educational app co-developed by Smart, a laptop, an LCD projector, a lapel microphone, and Smart Bro Pocket Wi-Fi. The donation package also includes training materials for teachers. Studies show that the student beneficiaries of these donations have displayed improved literacy and stronger appetite for learning. For its part, PLDT Enterprise is helping enhance the learning experience of students by improving school infrastructure. Omni Amisola-Larrosa, PLDT Digital Campus lead, said that among its offers are Smart e-Learning, an integrated learning management system with gamification elements that make lessons more engaging. Meanwhile, Smart public affairs senior manager Stephanie Orlino shared at the Global Peace Convention how Smart was helping drive student innovation via the Smart Wireless Engineering Education Program (SWEEP). Under the 14-year-old program, Smart partners with schools offering engineering and information technology courses, and provides them with up-todate telecommunications
equipment, as well as handson trainings, seminars, and internships. Smart also sits in annual curriculum reviews to provide inputs on industry trends, helping schools ensure that their course offerings are relevant. Smart also holds the annual SWEEP Innovation and Excellence Awards, a competition encouraging students to create mobile and digital innovations that will help solve common problems. Schools of teams that make it to the finals receive grants that they use to set up Innovations Centers. Orlino urged schools to take advantage of opportunities for innovation. “Set up innovation centers in schools, encourage interdisciplinary and multiyear level projects. Encourage students to join hackathons, seminars, and competitions, and integrate technology entrepreneurship in the curriculum,” she said. Orlino added that some SWEEP Awards finalists went on to build startups based on their school projects. Education was one of the tracks discussed at the Global Peace Convention held in Marriott Grand Ballroom. Innovative education approaches are said to be “an investment in a peaceful world for future generations.” For more information on Smart’s efforts to use technology to enhance education, please visit smart. com.ph/learnsmart
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SM Prime’s Php20-B bond issue gets top credit rating M
By Leslie D. Venzon
ANILA -- Property conglomerate SM Prime Holdings, Inc. (SMPH) bagged the highest rating from Philippine Rating Services Corp. (Philratings) for its proposed bond issue of
Php20 billion. SMPH told the local bourse the Php15-billion planned bond offering, with an oversubscription option of Php5 billion, was part of its proposed three-year debt securities program of up to
Php60 billion. Philratings also maintained at PRS “Aaa” rating for SMPH’s Php50billion outstanding bonds. It assi g ne d a st able outlook for the ratings of the proposed and outstanding bonds. PRS Aaa is the highest
rating assigned by Philratings, denoting that such obligations are of the highest quality with minimal credit risk and that the issuing company’s capacity to meet its financial commitment on the obligations is extremely strong. (PNA) RMA/LDV
Harbor Star banks on local, overseas expansion to boost revenues By Leslie D. Venzon
MANILA -- Listed maritime services provider Harbor Star Shipping Services, Inc. is setting its sights on more overseas markets following its local marine highway project in a bid to boost its revenues. Harbor Star President Geronimo Bella Jr. told reporters that aside from local and domestic expansions, the target Php 1-billion proceeds from the follow-on offering would be spent also to diversify into renewable energy project. “I would say third-fourths will go to the shipping (business)… Majority will be for vessels, including barging (services). Then the others will be for the shipyard, the training facility,” he said. Bella said the company wou ld provide b arg ing services to International
Container Terminal Services Inc.’s (ICTSI) Cavite Gateway Terminal (CGT) which will be constructed in Tanza, C avite. The ICT SI will provide stevedoring services. “The port is now being bid out by the ICTSI as we speak. The bidding deadline I understand is April. Once it’s constructed, we will start the barging operation for the domestic feeder cha-ro (chassis roll-on roll-off ) operation,” he said. The CGT will act as the terminal to handle containers between the Manila ports and the Cavite Philippine Economic Zone Authority (PEZA) locators. The gateway terminal will have an annual throughput of 115,000 twenty-fo ot equivalent unit (TEUs) and is projected to be operational fourth quarter of 2017.
“(The marine highway project will have) huge contribution (to our revenues). And we’re going to replicate it with the other ports, not only in Manila. So we’re already talking to some other ports,” Bella said. After the marine highway project, Bella further said the company was gearing for overseas expansion in Indonesia and Myanmar. He noted it currently manages only two tugboats in Malaysia. “Malaysia is (still) very small (market) that is why the thrust of the company is to expand… It seems that we have no more room for expansion after this (marine highway project so we will focus) on international markets,” he added. Bella said the company would acquire six more tugboats wor th Php300
Inflation rises but within PHL target in February 2017 MANILA -- Inflation in February 2017 rose to 3.3 percent from 2.7 percent in the previous month due to upward price adjustments in both food and nonfood items, according to the National Economic and Development Authority (NEDA). “The inflation outlook for 2017 remains within the government’s target of 2.0 to
4.0 percent However, risks to the inflation outlook appear to be tilted to the upside. This could drive inflation towards the higher end of the target,” said Socioeconomic Planning Secretary Ernesto M. Pernia. Faster price increases in rice, meat, fish, and vegetables pushed up the food subgroup inflation to 4.3 percent in February 2017
from last month’s 3.6 percent. For meat products, the country’s temporary ban on poultry imports from South Korea, Germany, France, Netherlands, Czech Republic, and Kuwait in response to the Avian Flu outbreak may have contributed to the limited supply. Also, the higher rice prices can be attributed to lower rice inflation/PAGE 11
million both for domestic and overseas expansion. Harbor Star now has fleet of 52 watercraft comprising of tugboats, barges, and specialized vessels, in the Philippines and Malaysia. Further, Bella said the firm was also diversifying i nto s ol ar e ne rg y f i eld “because there are already business opportunities (in projects) that were already offered to us. And we saw more opportunities on that business.” He said it is looking to put up an initial 25-megawatt solar power project in Mindanao by the latter part of the year. Me a nw h i l e , Ha r b o r Star targets to complete a follow-on offering for a total of 300 million to 500 million common shares by the third quarter of 2017. (PNA) RMA/LDV
Gov’t to enforce new IPP on March 18 By Kris M. Crismundo
MANILA -- The 2017 Investment Priorities Plan (IPP) will be enforced on March 18 after President Rodrigo Duterte approved the IPP through Memorandum Order No. 12 last week. The IPP is a list of investment activities identified by the government for fiscal and non-fiscal incentives. T he ne w I PP has a theme of “Scaling Up and Dispersing Opportunities”, reflecting the administration’s 10-point economic agenda and supporting the goal of Philippine Development Plan 2017-2020 and the aspirations of the AmbisyonNatin 2040. Included in the IPP list are innovation-driven and job-intensive economic activities such as inclusive business for agribusiness and tourism; manufacturing; information technolog y and IT-related services for the domestic market and telecommunications services for new market players; environment and climate change-related projects; local government unit-initiated enforce/PAGE 11
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9
Feature
General MacArthur Week Finding Our Heroes:
Philippine Guerrilla Files from the US National Archives If you are a fan of World War II history, novels and movies, come to the Centrio Activity Center on Wednesday, March 15 at 2:00PM. The Cagayan de Oro City Historical and Cultural Commission (Hiscom) has arranged two free lectures on “Finding our Heroes: The BGen. Francisco Licuanan Jr. Memorial Collection, Philippine Guerilla Files from the US National Archives” and memories of our heroes from World War II as a component program of General MacArthur Week on March 13-17, 2017. The celebration marks the 75th Diamond Jubilee of Gen. Douglas MacArthur’s Breakout from Corregidor to Australia (via Cagayan, Misamis and Dicklum, Tankulan, Manolo Fortich) on March 11-17, 1942. Head Researcher Marie Silva Vallejo said the digitization project of the Philippine Archives Collection at the United States National Archives was undertaken to preserve crumbling documents and make known the heroic exploits of our Filipino guerrilla fighters and disseminate the records as research and teaching materials. “Above all, we want to install a sense of nationalism through the untold stories in these records,” Ms. Vallejo stressed. With her extensive expertise and experience from her previous stint at Intel, Ms. Vallejo helped digitize extant records of Filipino soldiers during WWII. “The records of the Philippine Guerrilla Recognition Program are not at the command level, but rather at the level of individuals who were involved in military operations in the Philippines from 19411945,” she explained. “Included in these archives are records of the treatment of prisoners of war (POWs), how guerrilla warfare was waged in the Philippines through personal histories, diaries, unit histories, medical/death reports,” she added. The 280,000 scanned primary source records include little-known guerrilla activities in various municipalities and provinces. Researchers will find the collection a mother lode
of information detailing activities of guerrilla units, first person accounts of efforts to liberate the Philippines from Japanese control, and prevailing conditions in the Philippines during the Japanese occupation. Retrieved from the US National Archives, these digitized records are known as the Brig. Gen. Francisco
Licuanan Jr. Collection in the Philippines. This collection, along with the new USCIS program that allows Filipino veterans expedite reunion with petitioned family members, recognizes their sacrifices and continued struggle for the benefits and recognition promised in exchange for their service. Ms. Vallejo will deliver
her lecture twice within General MacArthur Week: on Wednesday, March 15, 2017 at 2:00PM at the Centrio Activity Center and again on Thursday, March 16, 2017 at 10:30AM at the Liceo de Cagayan University Viewing Room. The Hiscom is coordinating with the Department of Education and the Philippine Veterans Affairs Office (PVAO) Field Service Office-10 to bring in interested academics and veterans to attend the two lectures. These lectures are open to the public. History students and professor and researchers are strongly encouraged to listen in and learn how to use the database for academic research as well as other purposes. These two lectures are sponsored by the Philippine Veterans Bank in coordination with the PVAO FSEO-10 and Veterans Federation of the Philippines (VFP) Region X. (RMB)
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Branch 18 Cagayan de Oro City
Marie Vallejo lectures on The Philippine Archives Collection
CEB takes delivery of its 59th aircraft The Philippines’ leading carrier, Cebu Pacific Air (PSE: CEB) took delivery of its 59th aircraft last February 28, 2017. This new ATR 72-600 is the fourth of the 16 firm orders CEB made last year. This brand-new ATR 72-600 will be used to support the company’s expansion as CEB, through its whollyowned subsidiary Cebgo, will be launching two new routes this March 15 2017: Cagayan de Oro to Bacolod and Cagayan de Oro to Tagbilaran. “We are eager to receive yet another addition to our ATR fleet, supporting our expansion plans in the archipelago. CEB remains committed to further increase interisland connectivity within the Philippines, to serve not only our kababayans but also tourists who wish to explore the country’s beautiful islands and experience the world-renowned Filipino hospitality,” said Alexander Lao, President and CEO of Cebgo. “Rest assured, we will continue making more
destinations accessible to everyJuan while consistently providing our trademark low fares, paired with our safe and fun service” added Lao. CEB currently offers flights to a total of 37 domestic and 29 international destinations, operating an extensive network across Asia, Australia, the Middle East, and USA. Its 59-strong fleet is comprised of four Airbus A319, 36 Airbus A320, seven Airbus A330, eight ATR 72-500, and four ATR 72-600 aircraft. Between 2017 and 2021, CEB expects delivery of one more brand-new Airbus A330, 32 Airbus A321neo, and 12 ATR 72-600 aircraft. For bookings and inquiries, guests can visit www.cebupacificair. com or call the reservation hotlines (+632)7020-888 or (+6332)230-8888. 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.
BDO UNIBANK, INC., EJF FILE NO. 2017-046 Mortgagee, -versus- FOR: EXTRA-JUDICIAL FORECLOSURE OF REAL SPS. PATRICK YAMBA AND ESTATE MORTGAGE ROWENA YAMBA Mortgagors, x-------------------------------------------/ Upon extra-judicial petition for sale under Act 3135 as amended, filed by BDO UNIBANK, INC., Mortgagee, with principal Office address at BDO Corporate Center, 7899 Makati Ave., Makati City, against SPS. PATRICK YAMBA and ROWENA YAMBA, Mortgagors, with postal address at 1137 Borja Cmpd., Brgy. Camaman-an, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of January 3, 2017, amounted to FOUR MILLION ONE HUNDRED FIFTY EIGHT THOUSAND TWO HUNDRED EIGHTY SIX PESOS (Php4,158,286.00) Philippine Currency, inclusive of interest and penalty charges, the undersigned Sheriff will sell at public auction on March 22, 2017, at 9:00 a.m. to 4:00 p.m. at the Regional Trial Court, Branch 18, Hall of Justice (City Tourism Hall), Cagayan de Oro City, to the highest bidder for CASH and in Philippine Currency, the following properties described below including all existing improvements found thereon, to wit: Transfer Certificate of Title No. 137-2011000898 A PARCEL OF LAND (Lot 2106-A-6-I-9-I-6-E-3, PSD-104305-020366, being a portion of Lot 2106-A-6-I9-I-6-E, PSD-10-008770), Situated in the Barrio of Camaman-an, City of Cagayan de Oro, Island of Mindanao, containing an area of NINETY TWO (92) SQUARE METERS, More or less. Transfer Certificate of Title No. 137-2011000899 A PARCEL OF LAND (Lot 2106-A-6-I-9-I-6-E-1, PSD-104305-020366, being a portion of Lot 2106-A-6-I-9I-6-E, PSD-10-008-770) Situated in the Barrio of Camaman-an, City of Cagayan de Oro, Island of Mindanao, containing an area of ONE HUNDRED (100) SQUARE METERS, more or less.
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 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 encumbrance thereon, if any there be.
Cagayan de Oro City, February 13, 2017.
FOR THE EX-OFFICIO PROVINCIAL SHERIFF BWM: February 1, 8 &15, 2017
(SGD.) NIZA P. TACANDONG Sheriff IV
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General Douglas MacArthur Week:
BSP Council to honor scout who met MacArthur in Macabalan
T
he Boy Scouts of the Philippines Cagayan de Oro Council will honor one of its scouters for the role he played in a footnote in history on March 13, 1942. As recounted by Ann Gorra in her anthology “City of Gold: People Who Made Their Home and History in Cagayan de Oro”, Abelardo Neri Queppet was one of the scouts of Baden-Powell Troop (named after the founder of the Scouting movement Lord Baden-Powell) in charge of enforcing the mandatory blackout. His Dad encouraged him to join the Boy Scouts and he was a member of Troop
1 at the City Central School. There were at least 20 scouts in the troop among them Jaime Tiano, Victor Roa, Terencio Gadrinab, Hugo Balase, Antonio Zacharies, Vic Itchon, Jose Apolinario and Cristobal Nagac. These were dark days in Philippine history when the country was tottering on the brink of defeat with US and Filipino forces boxed in Bataan and Corregidor by the all-conquering Japanese Imperial Army. So it was strictly lights out after 5PM for everyone lest they be subjected to Japanese attack. “As soon as dusk gave way to night, I rode my bike (bought from a Japanese
Bazaar) and rode around Del Mar, Mindanao and to the pier, blowing my whistle to warn residents that it was time to shut their lights off.” Loloy was assigned to do the task by his Scout Master Epifanio Balase since he was a native-born Kagay-anon and knew his way around. Even if he was just 14 years old at the time, Loloy went about his routine like a professional: waking up at 6AM, clean the house, eat breakfast, and report to HQ in his Boy Scout Uniform: shorts, knee socks, red and blue neckerchief, brown shirt and Boy Scout cap. A n o t h e r o f L o l o y ’s responsibilities was to direct
traffic at Plaza Divisoria to expedite the passage of US military convoys to avoid strafings by Japanese planes. His friend, one Sergeant Hunter, charged with the security of Macabalan port in those days, often kidded him about making sure he stops the tartanillas since they had no brakes. On the evening of Thursday, March 12, 1942, Sgt. Hunter asked Loloy to be at the parola (lighthouse) in Macabalan at 7PM. Upon his arrival, Sgt. Hunter told him they were expecting General Douglas MacArthur to arrive between midnight and dawn. Sure enough, at 7AM of Friday, March 13, 1942, MacArthur and his party disembarked from two PT Boats at Macabalan Pier and rode a convoy of military vehicles to the Del Monte airfield in nearby Tankulan, Bukidnon. But not before the General noticed the Boy Scout and his bike (who saluted him with the three fingered Boy Scout salute), standing by the gangplank where they were disembarking (now the site of the flagpole for
Republic of the Philippines SUPREME COURT REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF
NOTICE OF EXTRA JUDICIAL SALE EJF File No. 2017-052 Upon extra-judicial petition for sale under Act No. 3135 as amended by Act No. 4118, filed by BDO UNIBANK, INC., as Mortgagee/s, against ARACELI B. LOPEZ, as Mortgagor/s, with postal address at Lower Sugod, Bagontaas, Valencia City, Bukidnon, and Lot 39 Block 3, Vista Verde V Subdivision, Barangay Canitoan, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of January 3, 2017 amounts to FOUR MILLION EIGHT HUNDRED NINETEEN THOUSAND FORTY ONE PESOS and 77/100 (Php4,819,041.77) inclusive of interest, penalties, and other charges, and expenses in this petition/application, the undersigned Sheriff will sell at public auction on March 23, 2017, at 10:00 in the morning to 4:00 in the afternoon, at the main entrance door of the Tourism Hall, Cagayan de Oro City, to the highest bidder, for cash or manager’s check and in Philippine Currency, the following property described below, to wit:
DECLARATION OF REAL PROPERTY TAX DECLARATION NO. 08-14-0001-10239 with PROPERTY IDENTIFICATION NO. 052-14-0001-012-38 Registered in the name of CLEA R. SALUDARES
TCT No. 137-2013000744 “A CERTAIN LAND situated in Upper Carmen, Cagayan de Oro City (Lot 39, Block 3, PCS-10- 003432, consolidation xxx, with an area of Two Hundred Thirty Six (236) sq. m. more or less.xxx
A PARCEL OF LAND (Lot No. 2041-B-2, Bounded on the North by Lot No. 37, del Rosario Street, on the East by Lot No. 39, on the South by Lot No. 42,43,39 and on the West del Rosario Street, Survey No. PLS 799), situated In Poblacion, Municipality of Tagoloan, Misamis Oriental, containing an area Of 145.79 square meters more or less and all improvements found thereon.
All sealed bids must be submitted to the undersigned on the above-stated date, time and place.
In the event the public auction should not take place on the said date for whatever reason, the same will proceed on the following working day, without further notice, posting and publication.
Cagayan de Oro City, February 15, 2017.
BWM: Feb. 22, Mar. 1 & 8, 2017
(Sgd.) ALAN M. BANAAG Sheriff IV
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 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.
FOR THE EX-OFFCIO PROVINCIAL SHERIFF BY:
was doing there, one of the soldiers replied he was a community volunteer. scout/PAGE 11
OFFICE OF THE REGIONAL TRIAL COURTSHERIFF
NOTICE OF EXTRA-JUDICIAL SALE EJF-2017-019
Prospective buyers/bidders may investigate for themselves the Tax Declaration Herein-above described and encumbrances thereon, if any there be.
the Cagayan de Oro Port Management Office of the Philippine Ports Authority). Asked what the Boy Scout
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City
Cagayan de Oro’s Macabalan Pier during the Japanese Occupation
Upon Extra Judicial Petition for Sale under Act 3135 as amended by Act No. 4118. Filed by BANKO RURAL NG TAGOLOAN (MIS. OR.), INC., duly organized under Republic Act No. 720, as amended, with principal office at Jacinto Street, Poblacion, Tagoloan, Misamis Oriental, against SPS. CLEA R. SALUDARES and EDWIN G. SALUDARES, of legal age, Filipinos, and residents of Balulang, Cagayan de Oro City, to satisfy the mortgage indebtedness which as of January 31, 2017 amounts to TWO HUNDRED TWENTY SEVEN THOUSAND TWO HUNDRED EIGHTY ONE PESOS and 00/100 (P227,281.00) Philippine Currency, excluding incidental expenses thereafter, and 20% percent (20%) of the total amount of indebtedness as Attorney’s Fees, the undersigned Sheriff will SELL at Public Auction on May 8, 2017 at 10:00 o’clock in the morning or soon thereafter at the main entrance of RTC Branch 40, A. Luna St., Capitol Compound, Cagayan de Oro City, to the Highest Bidder, for CASH and in Philippine Currency, the real property mortgaged together with all improvements thereon, to wit:
Dr. David B.Katague of Iloilo wears the BSP uniform circa 1943-1945, similar to the one worn by Scout Loloy Queppet when he met MacArthur in 1942.
DONE this 20th of February, 2017, in the City of Cagayan de Oro.
(SGD.) ENRIQUE M. TALAG, JR Sheriff IV BWM: Mar. 1, 8 & 15, 2017
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Drive... from page 1
B I R a n d B u re au of Customs (BoC) central office personnel seized 11,044 master cases of cigarette products manufactured by Mighty Corporation. “It’s possible that part of these products were already distributed in the markets as the volume is really sizable,” Tabule told reporters. A m ong t h o s e b e i ng checked by the agency are supermarkets, stores and other commercial outlets selling cigarettes, she said. She said their personnel already found packs of cigarettes with fake stamps in an inspection on a local store. On Monday, BIR-18 and BoC personnel here conducted an inventory of the seized cigarette products at the Sunshine Corn Mill Corp. warehouse. Using mobile verification devices, Tabule said they confirmed that the BIR or tax stamps of the products were fake. Those found with fake stamps were sealed packs of Mighty red and green, King Platinum, Marvel Filter Kings and Chelsea brands. Tabule clarified that the recovered cigarette products, which were all manufactured in the country, were genuine and only their tax stamps were fake. “After manufacture and packaging, the BIR stamps should be attached in each pack to represent the paid P30 excise tax. But the stamps we found attached to the products are fake,” she said. Angelito Agulto, BoC port collector here, said that based on their initial assessment, the “evaded taxes” from the seized cigarette products could reach P165 million. He said the P215 million initial assessed value of the products was based on their current market prices. The official clarified that since the products were locally-manufactured, they were also shipped to the area through local carriers or shipping lines. “So technically, these did not pass the BOC GenSan,” he said. Agulto said the results of the inventory will be used by the BIR and BoC in the filing of appropriate charges against the owners of the recovered cigarette products. (MindaNews)
Tourist... from page 1
growth rate is around 18 percent and we’ve managed a consistent growth in arrivals these past years,” she said in a press conference on Monday afternoon. Data released by DOT-12 showed that from 2,209,559 in 2015, the number of day tourists in the region last year increased to 2,729,307. The recorded overnight tourists or those who spent at least a night in local accommodation facilities increased to 1,035,357 from 939,369 in 2015. This city remained the
top destination for both day and overnight tourists with arrivals of 1,345,570; followed by Sarangani with 619,940; South Cotabato with 535,203; North Cotabato with 340,909; Cotabato City with 346,063; Kidapawan City with 156,125; Tacurong City with 188,935; Sultan Kudarat with 114,842; and, Koronadal City with 117,077. Cotabato City posted the highest growth rate in arrivals at 70 percent, followed by Tacurong City at 43 percent and Koronadal City at 40 percent. In ter ms of forei g n tourists, the agency recorded a total of 63,834 visitors, “almost double” from the 34,728 in the previous year. Topping the list of foreign visitors are nationals from South Korea, Saudi Arabia, China, United States and Malaysia. Dillera said more Koreans have been visiting the region mainly due to their interest to the area’s cultural and ecotourism destinations. She said a number of local industries and companies have been also hiring Koreans these past years. “Most Americans visited our region for business but also some were brought in by their friends and relatives for rest and recreation,” she said. The official said the nu mb e r of Ma l ay s i ans who visited the area also increased due to cultural and business interests as part of the Brunei, Indonesia, Malaysia, Philippines-East ASEAN Growth Area or BIMP-EAGA sub-regional cooperation. (MindaNews)
Chamber... from page 2
c o u nt r y i s c o n s i d e r e d among the fastest growing e c onom i e s i n t he As i a Pacific region, with its GDP increasing by 6.8 percent last year. “We want to capitalize on the growth that the country is gaining now,” he added. S ome 7 0 0 l o c a l and foreign delegates are expected to join ICON 2017, Milan said. President Duter te is expected to grace the event. (PNA) L A P / B S / L C M / ALEXANDER LOPEZ/LDP
Growth... from page 2
to be focused on is the future of the youth given that the economy is now experiencing its demographic sweet spot. ”We need to invest in t heir (yout h)sk i l ls and ensure they are globally competitive. We likewise need to ensure they find meaningful employment in an inclusive economy or face an alienated and disgruntled generation. If we fail to provide quality education and then fail to provide ample job opportunities, the next generation of Filipinos will condemn us,” he said. The Finance chief said there was a strong need to address the countr y’s infrastructure gap to make the countr y more
competitive. He said the country’s tax system “is direly in need of reform” because it has one of the highest rates in the region. ”Unjustly high tax rates are nearly an invitation for evasion. By lowering tax rates to the regional environment, we hope to attract even more investments to sustain a higher growth rate,” he said. Dominguez said revenue generating measures being proposed right now were eyed to bring in additional Php 800 billion and this “ will go a long way in assisting the projected Php 1 trillion annual exp enditure for infrastructure.” ” This will enable us to tu r n ch a l l e nge i nto opportunity : seizing the e c o n o m y ’s C i n d e r e l l a moment and using t he demographic sweet spot to propel our economy forward,” he said. D omingue z s aid t he CTRP would also help the government bring down poverty rate to around 14 percent by 2022 from the end-2015’s 21.6 percent. ”This is our economy’s golden moment. If we fail to seize it, the conjuncture of opportunities will pass us and we will betray our people. We cannot afford to lose because of indecision or because we failed to act boldly. We will condemn our nation to the vicious cycle of high inflation, high interest r at e s an d i n h o s pit abl e business conditions that we endured before,” he added. Members of the Cabinet came in full force to support the tax reform proposals. Other Cabinet Secretaries who attended the hearing are Budget and Management Secretary Benjamin Diokno, National Economic and Development Authority ( N E DA ) c h i e f E r n e s t o Pernia, Trade and Industry Secretary Ramon Lopez, Transportation Secretary Arthur Tugade, Public Works and Highways Secretar y Mark Villar, and Education Secretary Leonor Briones. A ls o pres ent dur ing the hearing were Health Undersecretary Dr. Lilibeth David, Social Welfare and Development Undersecretary Noel Leyco, Transportation Un d e r s e c r e t a r y G a r r y de Guzman, Budget and Management Undersecretary Laura Pascua and Education Undersecretary Annalyn Sevilla. (PNA) RMA/JSV/EDS
Hurst... from page 4
we feel without attacking and hurting each other with our words. In just one moment, our hurtful words can do years of damage. So why not ask Jesus Christ to take charge of your heart and marriage? He will help you start communicating with your mate both honestly and kindly. Then you will both win each debate, and only become happier, better friends. Just Think a Minute…
Inflation... from page 8
stock inventories, which fell by 17.9 percent in January 2017 to December 2016, due to the contraction in palay production in the fourth quarter of 2016. In addition, the price increases of housing, water, electricity, gas, and other fuels drove the non-food subgroup inflation to 2.5 percent in February 2017 from last month’s 2.0 percent. “The risks to inflation that we see on the external side include increase in the price of oil and the depreciation of peso,” said Secretary Pernia. Anot he r r isk is t he effect of the National Food Authority’s memorandum that allowed the entry of rice imports under the minimum access volume program only from October 2016 until 28 February 2017. “This will tighten the rice supply, which translates to higher food prices,” said Pernia. Within the region, all the ASEAN-5 economies except Thailand experienced faster inflation rates in the first two months of 2017, which coincides with the rising oil prices in the international market. (PNA) FPV/NEDA-PR/EBP
to further propel the growth of investments and job generation in the country an d att ai n s u s t ai n a b l e economic growth,” Trade Secretary and BOI Chairman Ramon Lopez said. Meanwhile, the BOI will conduct IPP Roadshow in key cities nationwide to inform stakeholders on the opportunities of the new IPP. L a s t y e a r, t h e B O I approved Php 442-billion worth of investment, an increase of 21 percent from 2015’s investment approval of Php 367 billion. (PNA) RMA/KMC
Scout... from page 10
“ S e n d h i m h o m e ,” MacArthur said. “ The war is inevitable.” (Gorra, 2010) On Monday, March 13, 2017, the City of Cagayan de Oro through the City Historical and Cultural C ommission (Hiscom) leads the 75th Diamond Jubilee of General MacArthur’s Breakout from Corregidor to Australia, via Cagayan, Misamis and Dicklum, Tankulan (Manolo Fortich). Among the salient moments of the week – long celebration from March 13-17, 2017, is the reenactment of Ma c A r t hu r ’s a r r i v a l at Macabalan. To be included among t h e c a s t of re e n a c t or s , (and unknown to world histor y save for the local yarn as told by Loloy to Ms. Gorra), is B oy Scout Abelardo “Loloy” Neri Queppet, who will be played by his 9-year old grand nephew Clark D e x te r M . Pr u d e nte of the Baden-Powell Troop
Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10th Judicial Region Cagayan de Oro City
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public-private partnership projects; drug rehabilitation centers; state-of-the-art engineering, procurement and construction services; and the lifting of geographical restrictions for most agriculture and tourist accommodation facilities. In a statement on Monday, the Board of Investments (B OI) confirmed that Pre s i d e nt D ut e r t e h a d approved the 2017 IPP as proposed by the agency. “ This development is concrete proof of the administration’s decisiveness
OFFICE OF THE REGIONAL TRIAL COURT SHERIFF NOTICE OF EXTRA JUDICIAL SALE EJF File No. 2017-083 Upon Extra-judicial Petition for Sale under Act No. 3135 as amended by Act No. 4118, filed by NATIONAL HOME MORTGAGE FINANCE CORPORATION (NHMFC) against IBALYN T. LEGASPI RAMOS, married to GLENN C. RAMOS, of Bulua, Cagayan de Oro City, to satisfy the mortgage indebtedness which as 03/31/16, amounted to ONE MILLION FIFTY THREE THOUSAND TWO HUNDRED SIXTY THREE PESOS and 84/100 (Php1,053,263.84) exclusive of penalty, undersigned Sheriff will sell at public auction on March 28, 2017 at 10:00 in the morning to 4:00 in the afternoon, at the City Tourism Hall, Cagayan de Oro City, to the highest bidder, for cash or manager’s check and in Philippine Currency, the following property described below, to wit: TCT No. T-81201 A PARCEL OF LAND (Lot 5946-D-7-A, Psd-104305-018909, being a portion of Lot 5946—D-7, Psd-10008960)) situated in the Barangay Bulua, City of Cagayan de Oro, Province of, Island of Mindanao, containing an area of Three Hundred Thirty Three (333) sq. m. more or less.xxx
Republic of the Philippines SUPREME COURT 10th Judicial Region REGIONAL TRIAL COURT OF MISAMIS ORIENTAL OFFICE OF THE EXECUTIVE JUDGE NOTICE OF HEARING Notice is hereby given that a summary hearing on the petitions for Notarial Commission of the following Notaries Public shall be held on March 13, 2017 at 3:00 in the afternoon at the Office of the Executive Judge. Any person who has any cause or reason to object to the grant of the petition may file a verified written opposition thereto, received by the undersigned before the date of the summary hearing. 1. 2. 3. 4. 5.
ATTY. PAMELA G. BACAN-PAGENTE ATTY. ERNESTO B. BONGADO, JR. ATTY. JOEL DEXTER NAGTALON ATTY. ALPHON R. LAGAMON ATTY. MICHAEL FERDENAND VALERO
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 same will proceed on the following working day, without further notice, posting and publication. Prospective buyers may investigate for themselves the title hereinabove described and encumbrances thereon, if any there be.
Let a copy of this notice be published once in a newspaper of general circulation prior to the hearing, per A.M. No. 03-8-02 SC, at the expense of the petitioner/s. Given this 3rd day of March 2017 at Cagayan de Oro City, Philippines. BWM: March 8, 2017
of Xavier University High School, the same troop of by his late grand uncle when he met MacArthur. According to B oys Scouts of the Philippines ( B SP ) C a g ay an d e O ro Council Chair Roy Hilario P. R aagas, they will be awarding the late Scout Q uepp et a p ost humous award for his valiant deeds as a Boy Scout in enforcing the blackout and directing traffic under dangerous c i rc u mst anc e s i n Pl a z a Divisoria in 1942. BSP Cagayan de Oro Council Scout Executive Rudy Guligado added the local council will also present the family of Genevieve Josefa Queppet Ramonal, his on ly c h i l d , w it h a B SP C entennial Medallion and plaque during the 75th Commemorative Dinner and Program on March 1 7 w h i ch cl o s e s the curtains on General Douglas MacArthur Week. Scout Loloy Queppet passed on in September 2008. But his date with one of the titans of the 20th Century will now forever st ay ent w ine d w it h t he saga of General Douglas MacArthur, “The Liberator of the Philippines.” Interested readers can still purchase copies of Ann Gorra’s “City of Gold: People Who Made Their Home and Histor y in Cagayan de Oro” from Amazon.com through the ff. link: https://www. amazon.com/City-GoldPeople-History-Cagayan/ dp/1897435444/ref=sr_1_ 1?s=books&ie=UTF8&qid =1488598770&sr=1-1&ke ywords=city+of+gold%3 A+people+who+made+t heir+home+and+histor y
(SGD) DENNIS Z. ALCANTAR Executive Judge
DONE this 24th day of Febr dry, 2017, the City of Cagayan de Oro.
BWM: Mar. 1, 8 & 15, 2017
(SGD.) ENRIQUE M. TALAG, JR Sheriff IV
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wednesday|March 8, 2017