BusinessWeek Mindanao (May 11, 2016)

BusinessWeek MINDANAO

2013 ppi’S Best in Business and Economic Reporting

YOUR Mindanao-wide BUSINESS paper

Volume VI, No. 135

Market Indicators As of 6:00 pm May 10, 2016 (tuesday)

FOREX

PHISIX

US$1 = P46.75

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24

X X Briefly

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183.01 points

Proclamation THE Commission on Elections (Comelec) en banc sitting as the National Board of Canvassers (NBoC) is looking to proclaim the winning 12 senators one week after the conduct of the May 9 polls.

In a press briefing, Comelec Chairman Juan Andres Bautista said that seven days is a safe projection but they will try to make the proclamation earlier.

“I think one week is a good target but we tried to out-perform,” he said at the 2016 Elections National Headquarters at the Philippine International Convention Centre (PICC) in Pasay City.

Bautista noted that the proclamation of the top 12 winners would really depend on the election results they will be getting.

No failure COMMISSION on Elections (COMELEC) Chair Andres Bautista said there are no areas that declared failure of election this 2016 National Elections.

In a briefing at the National Canvassing Center at Philippine International Convention Center (PICC), Bautista mentioned there have been reports that wrong ballots were sent in polling centers in Cebu.

“There have been reports, for example in Cordova, Cebu, wherein ballots were sent there were wrong ballots and we want to know how it would impact the elections,” he said.

“There were other misdeliveries (of ballots) but they were corrected in time,” he added.

Common glitches reported on Monday’s election were related to vote counting machines (VCMs).

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Duterte mulls Cha-cha to amend eco provisions

By ANTONIO L. COLINA IV, MindaNews

D

AVAO City -- Presumptive president Rodrigo R. Duterte is planning to initiate major changes in the economic provisions of the Constitution, including those on foreign business ownership, to attract more investors.

In a press conference Tuesday, Peter T. Laviña, spokesperson of Duterte, said such changes must

b e under t aken to alig n t h e c o u n t r y ’s p o l i c i e s with developments in the ASEAN community.

“There will be an initial jittery effect in the market but I think from the start of a new administration, the mayor would be very firm in making sure that the business environment would be friendly. There will be a little lull when we undertake this constitutional pro cess,” he said. duterte/PAGE 11

CHA-CHA. Presidential bet and Davao City Mayor Rodrigo Duterte faces the media after casting his vote on Monday.

Mindanews Photo by Keith Bacongco

Polls in Normin declared as generally peaceful

By CHENG ORDOÑEZ, Associate Editor

THE Commission on Elections (Comelec) has declared the recently-held local and national elections in northern Mindanao as generally peaceful, orderly and credible.

In a statement as head of the Regional Joint Security Coordinating Center (RJSCC), Comelec-10 reg iona l dire c tor Att y.

Wilfred Jay Balisado said the successful conduct of

the election in the region is attributed to the joint efforts the Philippine National Police (PNP) and the Armed Forces of the Philippines (AFP).

Balisado lauded Police Regional Office 10 director C/Supt. Jose Gentiles and 4th Infantry Division deputy commander BGen. Paul Atal.

The 4th Infantry Division’s AOR covers Regions 10 and 13 (Caraga), except for the peaceful/PAGE 11

JOB WELL DONE. Top officials from the Commission on Elections, Philippine National Police and the Armed Forces of the Philippines jointly declared the recent elections in northern Mindanao as generally peaceful, orderly and credible. The three agencies comprise the Regional Joint Security Coordinating Center for the region. (L-R) PDir. Alexander Ignacio from Camp Crame, Police Regional Office 10 regional director PCSupt. Jose Gentiles, Comelec 10 regional director Atty. Wilfred Balisado and 4th Infantry Division deputy commander BGen. Paul Atal.

PHOTO BY GERRY LEE GORIT

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Caraga’s PRDP approved projects rises to P982-M

B

U T UA N C i t y - The Philippine Rural Development Project–National Project Coordination Office (PRDPNPCO) reports that Caraga’s approved infrastructure and enterprise subprojects have already reached a total of P982,605,907.

Intensified BuildingUp of Infrastructure and Logistics for Development (I-BUILD) C omp onent which aims to put in place strategic and climate-resilient rural infrastructure facilities along the value chain got the bulk of this amount with nineteen approved subprojects amounting to a total of P 966,385,906.98.

Seven of these are already under implementation and twelve subprojects are still on the procurement process.

Other than the approved 19 subprojects, I-BUILD for Caraga still has five subprojects in the pipeline which has a total amount of P516,563,803.89 and hoped to be approved within the year.

These infrastructure subprojects would translate to improved road networks linking production areas with markets to enhance efficiency of transporting agricultural products; i nc re as e d pro du c t iv it y from irrigation and water supply systems; and lower postharvest losses.

The 24 I-BUILD subprojects for Caraga would create a total amount of P1,482,949,710.92.

I-BUILD team in the region is doing its best to achieve the target and has

formulated a program that would reach the attainment of 41% disburement of implemented subprojects

by June. “We have been busy helping the LGUs and contractors comply the needed requirements so we can reach our goal for this year,” Engr. Rene Morales, I-BUILD Component Head said during the provincial coordination meeting.

On t he ot her hand, Inv e s t m e nt s for Ru r a l Enterprises and Agriculture and Fisheries Productivity ( I - R E A P ) C omp on e nt , which aims to strengthen and develop viable agrifishery based enterprises through efficient value chains of key agriculture and fishery products already has one approved subproject amounting to P16,220,000

on procurement process for the Integrated Abaca Enhancement Enterprises in Santiago, Agusan del Norte.

T he c omp one nt has also four other subprojects amounting to a total of P65,584,180.32 in the pineline. One production, processing and marketing subproject for Agusan del Sur and the same subproject for the Province of Dinagat Islands. Two additional enterprise subprojects are also hoped to be implemented in Agusan del Norte within the year.

The realization of I-REAP subprojects would translate to an increased smallholder groups operating viable enterprises; enhanced producer productivity through formalized arrangements for marketing and technical services; and increased smallholder and fisher resilience to climate change and adverse weather conditions.

PRDP is a six-year national government platform for an inclusive, value chainoriented and climate resilient agriculture and fisheries

sector. It is the upscale version of the Mindanao Rural Development Program (MRDP) where innovations are introduced to address c u r re nt a n d e m e r g i n g challenges and make rural development more effective.

It is currently implemented under the Department of Agriculture (DA), PRDP is jointly funded by the World Bank, National Government

and the Local Government Units (LGUs).

The project has p a r t n e r e d w i t h L G Us and the private sector in providing key infrastructure, facilities, technology and information that will raise income, productivity and competitiveness among the players in agriculture.

(Fretcher Magatao, DACaraga/PIA-Caraga)

NEDA-X steers 1st COSERAM regional coordination meet THE National Economic and Development Authority (NEDA steered the first regional coordination meeting for stakeholders of the Conflict Sensitive Resource and Asset Management (COSERAM) program.

COSERAM is a German Development Cooperation program implemented by the GIZ in coordination with the NEDA, Department of Interior and L o cal Government (DILG), Department of Environment and Natural Resources (DENR), Office of

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the Presidential Adviser on the Peace Process (OPAPP), National Commission on Indigenous People (NCIP), Mindanao Development Aut hor it y ( Mi n DA ) , Local Government Units (LGUs), and civil society organizations. “ We a r e p r i v i l e g e d that Region X is part of the expansion areas of the COSERAM program,” said N E DA- X D i re c tor and RDC-X Vice-Chair Leon M. Dacanay, Jr., said in his welcome remarks. He cited the importance of COSERAM in promoting sustainable management of land and natural resources with the participation of the marginalized groups.

The implementation of the program is also timely as the conflict-sensitivity lens shall be integrated into the successor regional development plan.

G I Z - C O S E R A M ’s principal Advisor, Peter Hauschnik, briefed the participants on COSERAM citing that the program aims neda/PAGE 11

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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Major industry players meet for the Broiler Summit in Oro CAGAYAN DE ORO CITY - The 2nd BITRADE Summit for broilers will be held on May 19, 2016 at the Emerald Ballroom 2 of Limketkai Luxe Hotel , this city.

Industry leaders and movers in the broiler sector are expected to attend the whole-day seminar.

Among them is San Miguel Foods Inc., CP Foods Philippines and local giant Gama Foods Corp., to name a few.

This year’s theme is entitled “Enhancing Competitiveness of the Philippine Broiler Industry Towards Achieving Food Security”.

Thru a message given by Sec. Proceso Alcala specifically on this event, production in the poultry subsector has expanded by 8.76% in 2015. The subsector contributed 17.23% to the Agricultural Gross Output. Production of chicken grew by 8.77% and chicken eggs, by 9.91%, bringing a total gross value of P47.4 Billion. This endeavor being done by BITRADE reinforces government efforts to ensure the growth and development of poultry amid changing climatic conditions and the challenges of the expanding global market, says Sec. Alcala.

Renowned local and international speakers were invited to share

their knowledge and expertise in their respective fields. The speakers include International poultr y management expert and author of the book Broiler Signals: A Practical Guide to Broiler-Focused Management Dr. Maarten de Gussem from Europe; one of the best-sought local speaker on various areas of management and AEC (Asean E conomic C ommunity) Prof.

Nestor Rañeses from the University of the Philippines-Diliman, and Head of the Agribusiness Unit of BPI, Mr. Moises Casubha are the acknowledged resource speakers in the said event.

BITRADE, established in 1988, is a farm systems solutions company leading the use of modern technology. It continues to maintain its highest standards of quality in its products and services in serving the needs of the poultry and livestock industry from Individual Stand-alone Systems to Retrofitted and Turnkey projects. Its range of turnkey and equipment systems extends from Climate Control/ Brooding Systems, to Feeding, Drinking, Housing, Power Supply and Renewable Energy (Waste Management and Solar systems)

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AEV earnings rise as core biz post strong profit A BOITIZ Equity Ve n t u r e s , I n c .

(AEV) saw a 24% increase in consolidated first-quarter net income to P5 billion its major business units -- power, infrastructure, banking and financial services -performed strongly early in the year, the holding company said.

“The contribution from our cement business is a clear manifestation of the momentum in our thrust to create a fifth leg for AEV. We expect strong growth in cement and the full-year recognition of income from Republic Cement to positively impact AEV’s earnings this year,” said Erramon I. Aboitiz, AEV president and chief executive officer in a press release on Friday.

The publicly listed firm said power accounted for 70% of earnings, followed by banking and financial services at 15%, food at 7%, infrastructure at 7% and land at 1%.

Core net income during the first three months stood at P4.9 billion, 19% higher from the figure seen in same period last year.

In a separate press release, Aboitiz Power Corp. said it recorded a 15% increase in first-quarter consolidated net income to P5 billion, and 10% rise in core net income to P4.8 billion, which was largely driven by its power business.

Aboitiz Power contributed

P3.9 billion to AEV’s income, 15% higher against the P3.3 billion booked last year.

Capacity sales rose by 12% to 2,014 megawatts (MW) from 1,804 MW because of the added capacity from Therma South, Inc. and an increase in the available capacity from SN Aboitiz Power Group’s hydro power plants.

For power distribution, ele c t r icity t hat can b e attributed to the subsidiary rose by 8% to 1,201 gigawatthours (GWh) from 1,111 GWh a year ago on higher ele c t r icity s ales across customer segments.

Aboitiz-led Union Bank of the Philippines and its subsidiaries also contributed P837 million in income in the quarter, more than double the figure a year ago.

“The net income surge is primarily attributed to the strong growth in net interest income and fees, translating to return on average equity and return on average assets at 12.8% and 1.6%, respectively. Net interest income and fees, which accounted for 90% of total income, jumped by a third to P4.5 billion,” AEV said.

AEV’s non-listed food subsidiaries -- Pilmico Foods C or p., Pilmico Animal Nutrition Corp. and Pilmico International Pte Ltd. -registered a 6% decline in income contribution to P389 million from P416 million.

Fe e d s P h i l ippi n e s’

bottomline improved by 39% to P203 million due to strong volume and lower raw material prices.

AEV land subsidiar y Aboitiz Land Inc.’s total earnings and income contribution to AEV for the first quarter decreased by 38% to P50 million from P80 million. Revenues dropped by 13% to P500 million from P576 million because revenues are recognized based on the percentage of completion during the period.

The company said the pace of construction was slower in the first quarter compared to a year ago, while operating expenses were only higher. The residential, industrial and commercial business units brought in revenues of P282 million or a 56% share, P186 million or 37% and P32 million or 6%, respectively.

Infrastructure unit R e p u b l i c C e m e nt a n d Building Materials, Inc., which started contributing mid-September last year, posted an income contribution of P391 million.

The subsidiary had a strong first-quarter showing, with cement demand fueled by the growth in medium- to high-rise office spaces that cater to the business process outsourcing sector. Demand was also supported by the construction of residential homes and increased government infrastructure spending.

Phinma scraps plan to partner with MPIC for Cebu hospital PHINMA Corp. scrapped a plan to take in Metro Pacific Investments Corp. (MPIC) as a partner for its hospital in Cebu.

Metro Pacific Hospital Holdings, Inc., the holding firm for the hospital i nv e s t m e nt s o f M P I C , inked a memorandum of ag re ement (MoA) wit h Southwestern University (SWU) for an option to take a majority stake in Sacred Heart Hospital -- its 100-bed tertiary training hospital.

The MOA took effect on Oct. 1, 2015 and lasted until March 31, 2016. “ We’ v e d e c i d e d t o hold on to it and run it ourselves for the time being but that doesn’t close the door in tying ourselves with others in the future,” Phinma Chairman and Chief Executive Officer Ramon R. del Rosario, Jr. told reporters last week.

“For now, we’ll take our time, study and understand it better so we will do that for the time being,” he added.

MPPHI President and

Chief Executive Officer Augusto P. Palisoc, Jr. had s aid in Novemb er t hat Phinma, which acquired 56% of SWU last year, asked the company to participate in developing a business plan for the hospital.

MPIC has the country’s biggest chain of private hospitals across, with a total capacity of around 2,600 beds. The group owns Makati Medical Center, Davao Doctors Hospital, Cardinal Santos Medical Center, Riverside Medical Center, Our Lady of Lourdes Hospital, Asian Hospital, De Los Santos Medical Center, Manila Doctors Hospital, Central Luzon Doctors’ Hospital, and West Metro Medical Center in Zamboanga.

“We had a rethink. We decided that we really want to strengthen our medical programs in Southwestern,” Mr. del Rosario said.

Phinma consulted Brother Augustine Boquer, president and chancellor at De La Salle University -Dasmariñas, which boasts

of a “very strong medical program,” Mr. del Rosario said.

“He advised us it is really critical for our success as a medical science school that we have a hospital we fully control so we can support our programs in the university,” he said.

Phinma plans to bring its education, housing and hotel businesses to Southeast Asia, starting with a nursing s ch o ol i n My an m ar i n August.

The listed company is also studying the possibility of setting up English schools throughout Southeast Asia an d e x p an d it s c ou r s e offerings in the next one to two years.

In the Philippines, Phinma continues to be in talks with schools located i n D av a o, L a g u n a an d Metro Manila catering to the middle-income market segment.

The Phinma group also has interests in energy, steel manufacturing and business process outsourcing for animation services.

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Fear of the Next Presidency “If a man harbors any sort of fear,” averred Lloyd Douglas, “it percolates through all his thinking, damages his personality, makes him landlord to a ghost.”

I read several blog and column articles expressing fear of a coming dictator president as mayor Rodrigo Duterte remains the most preferred candidate for the presidenc y. This is understandable because Filipinos encountered the evils of martial law regime and some think that Duterte is another tyrant. But we have also experienced the nightmares of a dysfunctional elite democracy for a long time. B etween the two, which would you prefer: a Frankenstein or a Dracula?

They are equally monstrous.

It is just a matter of choosing the particular art of bleeding. Do not assume that “democracy” is a generic drug with all brands leading towards one’s healing. How about looking at it as a demagogue rule that led to the crucifixion of Christ?

Note that it is as good as the moral values and intellectual powers of those who wield it.

And we are sure that the haut monde in our society who reigned in several regimes did well in using it to oppress the less privileged for a long time. Watch out: they have controlled the executive, judiciary and legislative

branches of the government to advance their interests.

For instance, in one of our class symposiums, the invited speaker who is a labor relations officer from the Department of Labor emphasized what the law clearly states about contractualization, that it is illegal if the job affected is the main element of a business. He pointed out, for example, that if the business is marketing related, hiring janitorial ser vices on a contractual basis is allowed, but not the job of the sales clerks. The marketing sector, however, has a lot of stories to tell. What is illegal has become the norm. Selective justice. If such practice prospered even if illegal, we can rightly surmise that the tycoons have paid great sums to bribe the three branches of the government and monumentalize a mockery in our society. This is our “democracy” that I fear.

Rightly so, the members of the Makati Business Club, among others, have reasons to worry about a Duterte presidency if their business interests become a weak link of our society. Duterte will advance the interest of the Filipino people, not their profit.

Duterte will not kowtow at their golden gates nor blout their egos as many people do to win the oligarch’s

favor. He will not clean their toilets. If there are people who should panic before the Duterte presidency, they are fortune-takers who relied on mad tricks and pranks to increase their wealth (I am a start-up businessman but not the exploiter type).

Criminals and drug lords will also become hysterical before Duterte. He already sent a strong message when he mentioned that 100,000 will be thrown to the Manila Bay to fatten the fish there.

This figure of speech is as dreadful as the reality of his iron arm.

Government employees who are used to mediocrity will also have a reason to worry. Among others, Duterte will install CCTV cameras not only in their offices but also in public places. Though he did not say that these erring employees will be tied upside down and shot between the legs if they collect fees and withhold vehicle plates, among others, he will certainly give them a funny example (he might want to borrow this imagery to make an expletive).

Some fear that the mayor of Davao, if elected as president, will put communists in the helm. But he will not put Jomarie Sison as director of a department. Do not worry: as a true leader, he is wellrespected among muslims, tribal groups and NPAs, but

lucell larawan that does not make him a communist or a muslim.

Instead, see a true statesman in Duterte.

I would rather worry if the president only knows how to talk comfortably with the Ayala’s and Cojuanco’s because it means he only s p e a k s t h at p ar t i c u l ar language and is biased for the likes of Hacienda Luisita.

When president Benigno Aquino III campaigned against Duterte and said that he will prefer to die than allow another tyranny, he could have thought that his father is not the only citizen who can inspire the country.

A disciplinarian is not always a tyrant that we fear and the curtailment some freedoms is a must in our context.

I do not fear a disciplinarian amid many spoiled brats. I would rather be bothered about pampering them in the guise of democracy larawan/PAGE 11

Duterte can transform RP, but only with God

Oro Chamber

Bring Out the Best Think a minute…Winston Churchill was 65 years old when he first became England’s Prime Minister.

It was May of 1940 and England’s military was not well armed or prepared for war. So when Hitler’s huge, powerful German army was planning to attack the British Isles, most military experts expected Germany to easily defeat England in no time.

But these experts could not imagine that in only 7 months, Winston Churchill would change the history of England and the entire Western World. During those 7 months, when the families of Great Britain gathered in their living rooms to listen to their l e a d e r ov e r t h e r a d i o, their feelings of fear and hopelessness were soon replaced by great confidence, hope, and victory. Why? Churchill knew just how to get the English people to believe in themselves—in their own cause and abilities.

And defeating Germany’s p ower f u l ar my b e c ame England’s finest hour!

It’s been said: “People who feel good about themselves do their best.”

Whether it’s at work on the job, at home with their

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THINK

A Minute

Jhan Tiafau Hurst mate and children, or with friends. So if you want people to change, you’ve got to help them believe in themselves so they will want to change and do their best. But when we criticize and shame our children, our wife or husband, or people we work with, we only hurt them and tear down their self-confidence. So why should we expect them to do better when we’ve made them believe they can’t!

We a l l d o o u r b e s t when we feel good about ourselves. That’s why a successful businessman says: “Instead of catching people doing something wrong to criticize and punish them, try to catch people doing something right and praise them for it. Then they will hurst/PAGE 11

LIFE’S INSPIRATIONS: “… `apart from me you can do nothing… If you remain in me and my words remain in you, ask whatever you wish, and it will be done for you’…” (Jesus, our God and Savior, in John 15:5, 7, the Holy Bible).

-ooo WHAT CAN DUTERTE DO IN SIX YEARS? As our country prepares for Rodrigo Duterte presidency, I am raising, once again, the same question I raised when President Aquino was installed as president in 2010: what, really, can a president do to transform the Philippines and our countrymen and make them a truly reformed country and people eligible for tangible success and prosperity in just a short span of six years?

Okay, let us assume a President Duterte can stop corruption and criminality during the six years that he will be in Malacanang.

Let us assume further that he can make our people a disciplined race while he is in power. Will these a c h i e v e m e nt s u n d e r a Duterte presidency continue after 2022, when he himself bows out of power, assuming he will not be ousted in the meantime?

The examples we saw in our country indicate that whatever victory we achieved in battling corruption and criminality in our country

subsisted only for as long as the leader who launched these battles were in office.

After they stepped down f rom p ower, legally or otherwise, the gains they managed to achieve also step down with them and are dissipated irretrievably.

-ooo DUTERTE CANNOT CHANGE RP & FILIPINOS ALONE: With due respect, I believe that the same thing will happen to Duterte. As soon as his time is up, I am sure corruption and criminality will come back, with greater intensity even.

The reason is that, a bigger part of change---the bigger battle against crime and corruption---lies not just with the president alone, no matter how powerful he maybe.

It l i e s w it h , and should really come more spontaneously from, the people themselves. There must be a corresponding change in mindsets, attitudes, and behavior, of our people, if real and truly beneficial change is to come upon all of us. Change cannot be won by just one man alone, no matter how strong-willed or determined he or she maybe, like the strong will or determination displayed by Duterte during the campaign.

And this is where the problem lies really. I think that much too many of our

countrymen have placed too great a reliance or dependence on Duterte and on his promise of killing c r i m i n a l s an d c or r upt government officials, in the same manner that we reposed the same trust, six years ago in 2010, on Noynoy Aquino, thinking that he will be able to solve the ills of our country by himself alone in six years’ time.

-ooo DUTERTE CAN TRANSFORM RP, BUT ONLY WITH GOD: Noynoy miserably failed to live up to the overwhelming trust given to him in 2010. If Duterte and his advisers will again not know what to do, they will likewise miserably fail to do justice to the landslide victory that the Filipino people gave him, notwithstanding the fact that he is the least capable candidate in 2016.

So, what should Duterte and his government aspire to do, aside from eliminating, through means fair our foul, the corrupt and the criminals in our midst? Pardon me for giving this unsolicited advice but, just like what I said when Noynoy came to power, Duterte must find a way to encourage Filipinos to be more truthful in their faith in God, no matter what they conceive God to be.

I believe Duterte has a greater chance of doing this, since diverse religious

K akampi

Mo A ng Batas

Atty. Batas Mauricio groups were behind his victory. He should return to the religious leaders whose support he enlisted not only to thank them, but more to learn how they inspire their members into a stronger spirituality, and thereafter utilize what he has learned to bring more Filipinos to a more tangible relationship with God. Beneficial change will come after that!

-ooo PLEASE WATCH OR L I S T E N : “ Ta m b a l a n g Batas at Somintac”, a newscommentary radio program, aired at DZEC 1062 kHz and other R adyo Agila provincial stations, at http:// www.eaglebroadcasting.net/ radyoagila and at www. youtube.com (type DZEC Radyo Agila Tambalang Batas at Somintac 1062 Live), 6 to 7 in the morning, Philippine time. Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@ yahoo.com.

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PH peso strong vs. US dollar a day after national polls THE Philippine peso opened better against the US dollar Tuesday, a day after the national polls and an analyst partly attributed this to the election-related long-weekend holiday.

The local unit opened the week’s first trading day at 47.20, way better than its 47.35 start Friday last week.

This is contrary to what is happening at the local bourse, which started the day on the red.

As of 9:50 a.m., it has strengthened to 47.00, and Banco de Oro Unibank Inc. (BDO) chief strategist

Jonathan Ravelas told PNA that the “long weekend due to elections slightly pushed USD/PHP stronger.”

He said this performance of the local unit “could be temporary” as he projects the currency pair to trade between 47.00-47.30 within the day.

He said the pair could even touch the 47.50-level during the day as the dollar “gains against major and Asian currencies.”

“Still external factors will remain the key focus now that elections are behind us,” he added. (PNA)

THE challenging global financial environment has not deter the Philippines’ financial system to sustain its growth in 2015.

“With the banking system at its core, the financial system continued to provide needed funding to a growing economy,” the Bangko Sentral ng Pilipinas (BSP) said.

Data released by the central bank showed that the banking system’s total operating income rose by 2.8

percent to Php473.5 billion amidst the global volatility.

Total capital rose by 2.7 percent to Php1.4 trillion and total assets went up 8.3 percent to Php12.1 trillion.

“As the Bangko Sentral ng Pilipinas (BSP) pursued sustained reforms with financial sector stakeholders, the banking system posted sufficient capitalization, improved asset quality and continued growth in assets, loans and deposit liabilities,”

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Banks’ real estate exposures remain manageable THE real estate exposures (REEs) of universal, commercial (U/KBs), thrift b an ks (TBs) and t r ust departments reached P1.5 trillion at end-2015, the central bank reported.

The REEs accounted for 23.7 percent of the banks’ total loan portfolio (TLP) during the period, slightly lower than the 24.1 percent posted at end-September 2015. Moreover, real estate loans (RELs) and investments

in real estate (RE) securities as a percentage to TLP stood at 20.4 percent and 3.3 percent, respectively, as of end-2015, according ti a report posted on the website of the Bangko Sentral ng Pilipinas.

The end-2015 REE is 5.9 percent higher than that posted by the banks a quarter earlier. The rise is attributed to the banks’ real estate loans, which grew by 6.0 percent to P1.3 trillion quarter-onexposures/PAGE 10

PHL sustained improvement of financial system in ‘15: BSP the BSP said.

The central bank said financial institution’s “risktaking activities and overall operations had manageable imp ac t on c apit a l and profitability.” “ The current capital adequacy ratio (CAR) at 14.9 percent on a solo basis of universal and commercial banks indicates sufficient capitalization. Net profit was relatively stable at Php134.6 billion despite tempered

trading gains on the back of rising interest rates,” it said referring to the 0.2 percent drop in net profit.

Banks’ continued to be funded by resident’s retail and peso deposits while liabilities from foreign currency deposit accounted for 16.7 percent of total deposit liabilities.

The central bank said it s re g u l ate d f i n an c i a l institutions “were generally compliant with the required financial/PAGE 10

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Motoring Editor: GILBERT Y. CHAO

Mitsubishi unveils the 2016 Mirage Mitsubishi Motors Philippines Corp. (MMPC) adds more excitement to its passenger car lineup as it unveils the refreshed 2016 Mirage. After almost four years of being introduced and warmly accepted in the market, the Mirage gets major upgrades and is now loaded with new features to make it even

more fun and exciting to drive.

The 2016 Mirage is available in GLX and GLS variants with both 5-speed manual transmission (MT) and Continuously Variable Transmission (CVT).

Similar to its predecessor the 2016 Mirage is powered by a 3-cylinder 1,200cc engine with the exclusive Mitsubishi Innovative Valve timing Electronic Control system (MIVEC).

The Mirage’s engine which is now Euro 4 compliant is capable of achieving a maximum output of 78 PS at 6,000 rpm and 100 N-m at 4,000 rpm of torque.

What gets the most update is the Mirage’s exterior styling starting with the facelift. The new bumper design with new chrome grille evokes a sportier look. The GLS

6

variant is now equipped with new Bi-xenon High Intensity Discharge (HID) Headlamps with LEDType position lamps. Alloy wheels for both variants were redesigned. The GLS is now equipped with 15inch two tone alloy wheels while the GLX variant 14-inch alloy wheels.

This refreshed exterior design provides a fun and attractive styling suitable for all ages.

Another set of new features which are available on all variants are the welcome and coming home lights. Welcome home lights make it easier to locate the Mirage in the parking lot at night. The front and rear position

lamps and room lamp stay on for 30 seconds when the doors are unlocked via the keyless entry transmitter while with the coming home lights remain on even after shutting off the engine, various lights including the headlamps, illuminate your path from the car making it convenient when walking off the dark. The lights stay for 60 seconds, automatically switching itself off.

Suggested retail introductory price starts at Php 553,000 for the GLX MT, Php 603,000 for the GLX CVT, Php 663,000 for the GLS MT and the top of the line GLS CVT is available for Php 713,000.

Marriott Hotel leads the way to boost the Halal tourism economy in the Philippines

The Manila Marriott has become the first premium hotel chain to be rated for its Halal friendly services to help accelerate the vision of Philippines to become one of the world’s preferred destinations for Muslim tourists. The five star Manila Marriott Hotel has been recognised

by CrescentRating, the leading authority in Halal travel, with a rating of five for its halal friendly services and facilities.

Among other Muslim friendly services, the Hotel has a Halal food section in the Marriott Café.

“Marriott Hotel Manila is excited to be a leader in promoting Halal Friendly services and offerings to the region and beyond. We look forward to extending not only our world class Filipino Hospitality to our local, regional and global customers, but also an environment of awareness, sensitivity and exemplary service expected from a multitude of discerning customers. We are thrilled to partner with The Philippine Department of Tourism (PDOT) in this important halal/PAGE 11

Mangosong competes in Diamond Mx Series Davao native Bornok Mangosong recently competed in the 2016 Diamond Motor Corporation Mx Series at the Mx Messiah Fairgrounds, Taytay Rizal. “Throughout the years that I’ve been racing, I learned many things and encountered difficulties along the way. They all made me stronger and smarter as a rider,” said Mangosong.

“You will see a more matured and relaxed Bornok. The biggest change that happened in me is my relationship to the Lord. He made me unstoppable” he added. The series is headed by Generation

Congregation is supported by Diamond Motor Corporation in partnership with

Wheeltek, Dunlop tires, Pilipinas Shell Petroleum Corporation, Coffee Grounds,

Xtreme Adrenaline Sports Entertainment Co. at PTT Philippines Corporation.

Victory for Team Suzuki Pilipinas at SAC Round 1 Team Suzuki Pilipinas got their first podium finish in this season’s Suzuki Asian Challenge (SAC) Round 1. Fresh from Johor Circuit in Malaysia, Team Suzuki Pilipinas proceeded to the World Trade Center for ceremonial victory recognition during the recent

IR Bikefest. The team’s frontrunner is Davaoeno April King Mascardo who got his podium win at 2nd place and Eane Jaye Sobretodo finished at 6th place. Mario Borbon also did a promising performance beating his personal best times concluding at 11th place.

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LIGAN CITY -- Power grid operator NGCP reiterates its plea for the Department of Environment and Natural Resources (DENR) to issue a blanket authority and special permit to prune/ trim or cut intentionally and maliciously planted trees along transmission line corridors.

The blanket authority, if issued, will support and help expedite NGCP’s efforts in clearing deliberately planted trees underneath transmission lines which cause line outages and power interruptions.

To date, the DENR already issued Tree Cutting Permit No. R10-TCP-14-07-10122016 authorizing the cutting of trees along the Agus 2- Baloi 138kV line, traversing the municipalities of Pantar and Balo-I, Lanao del Norte.

However, this covers only one out of eight lines in Mindanao identified as critical because of ROW issues.

The seven other lines identified as critical are: Agus 2 – Kibawe 138kV Lines, Agus 1 – Agus 2 138kV Line, Baloi – Agus 6 138kV Lines, Baloi – Agus 6 69kV Line, Baloi – Tagoloan 138kV Lines, Baloi – IDPP 138kV

Line, and Baloi –Aurora 138kV Lines.

Permits are likewise needed for the 83 transmission lines in 79 municipalities throughout the countr y that remain vulnerable to transmission related power interruptions. Uncooperative land claimants refuse our line personnel access to the properties for the conduct of clearing and maintenance activities.

“Any and all forms of government support to address violations of line safety clearances, particularly maliciously planted trees, will facilitate the efficient delivery

WHILE the country decides on its new leaders, the Philippine Institute for Development Studies (PIDS) focuses its new five-year research agenda for the period 2015-2020 on risks, shocks, and building resilient systems.

Ranked in the top 15 most vulnerable countries in the world, the Philippines faces a host of environmental, economic, and sociopolitical risks.

Through research, PIDS intends to help build resilient systems. Understanding risks, where they come from, and how they are connected, is essential to create the right kind of policies that will enable the countr y and its highly vulnerable communities acquire absorptive, adaptive, and transformative capacities.

PIDS aligns its new Economic Policy Monitor with the agenda’s theme.

Chapter 3, penned by PIDS President Gilberto Llanto, details the different kinds of risks faced by the Philippines and the policy framework for building multiple resilient systems.

Currently, the narrative of building resilience is confined to disaster risk reduction and management. In truth, risks are varied and their sources are numerous.

There is a gap in understanding and a gap in policy-oriented research into the deeply interconnected and evolving nature of risks.

A system is necessary not only to withstand risks to growth and stability, but also to ensure that the most vulnerable are protected. The poor and the marginalized are the ones most threatened by economic instability, environmental disasters, and political crises. And because these risks are not static, but are interconnected and constantly evolving, the kind of resilient system needed must be absorptive, adaptive, and transformative.

A comprehensive understanding of the risk landscapes is critical. Just as well, policy conversations have to shift from targeting the reduction of vulnerability to building resilient systems.

The chapter discusses the breadth of res earch in resiliency at every level

of Philippine society— household, community, national, political, economic, and regional levels. But further research is recommended to strengthen the policy framework.

Meanwhile, examples of good policies undertaken in 2015 and the remaining policy gaps are discussed in Chapter 2 by PIDS senior research fellows. Proper and consistent implementation, good monitoring, and regular evaluation are key ingredients to make these policies work.

But beyond this, good policies should aim for sustainability and inclusiveness; the strategy should be to increase growth and to ensure that people in the most vulnerable sectors have access to the opportunities generated by this growth.

Policies that have targeted this objective include the Microfinance NGOs Act, the Youth Entrepreneurship Act, the Open High School System Act, and the Children’s Safety on Motorcycles Act of 2015. The out going administration also sought to address the financial needs resilience/PAGE 10

of p ower t ransmission services to our customers in Mindanao and the rest of the country,” stated NGCP. To prevent longer power interruptions, NGCP continues to appeal to the local community and its leaders to help identify the perpetrators of tower bombings, and to negotiate with uncooperative claimants who deliberately and maliciously plant trees

underneath transmission lines.

NGCP is a privately owned corporation in charge of operating, maintaining, and developing the country’s power grid. It transmits highvoltage electricity through “power superhighways” that include the interconnected system of transmission lines, towers, substations, and related assets. The

consortium, which holds the 25-year concession contract to operate the country’s power transmission network, is comprised of Monte Oro Grid Resources Corp. led by Henry Sy, Jr., Calaca High Power Corporation led by Robert Coyiuto, Jr., and the State Grid Corporation of China (SGCC) as technical partner. (Beth A. Ladaga/ NGCP)

Risks, shocks, building resilience

Kolambugan Reaps Fruit of Community Driven Development. Community volunteers, and residents alike, can now enjoy the benefits of their completed concrete 360 (Linear Meter) LM Farm-to-Market Road subproject in Barangay San Roque, Kolambugan, Lanao del Norte through the Department of Social Welfare and Development (DSWD) Kapit Bisig Laban sa Kahirapan Comprehensive and Integrated Delivery of Social Services - National Community Driven Development (Kalahi CIDSS-NCDDP). Photo courtesy of Carolyn P Caw-it, DSWD Area Coordinator, Kolambugan, LDN

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Local artists converge for ‘Art for Rice’ cause

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By Alyssa Michelle Viado

rtists and fans of art came together to echo the call for justice and unite for a cause.

X a v i e r U n i v e r s i t y, through the Xavier Center for Culture and Arts (XCCA) and Department of English Language and Literature, and Nagkahiusang Magsusulat sa Cagayan de Oro (NAGMAC), together with Liceo de Cagayan University and Capitol University, organized the event in support of the more than 3,000 farmerprotesters in Kidapawan who, in late March, demanded government assistance in the wake of the effects of extreme dry spell, but were instead shot at and dispersed violently by the police.

When news of what had happened in Kidapawan str uck, XC CA direc tor Hobart Savior immediately called out to his friends in the

art scene through a Facebook post for help in staging a series of benefit shows to raise funds for the victims.

As soon as the post was made, interest from artists to lend a hand poured in.

About 200 local artists – poets, writers, dancers, musicians – joined forces to stage “Art for Rice” in behalf of the El Niño victims not only in Kidapawan, but also in parts of North Cotabato and Maguindanao “Maganda ang social dimension ng art, it breaks insularity and barriers,” said Savior. “What happened tonight was a convergence of all the artists who come from different institutions and even those who came in their own personal capacities.

We have Xavier University, Liceo de Cagayan University and Capitol University in one stage. And that is something.”

He added, “Art has a meaning, art has a form, and at the same time, has a function. The role of the arts and the artist is to facilitate change, facilitate development and at the same time, challenge the status quo.”

“It’s also important that artists move out of their own cocoons, and link and work with other artists because, if there are many of us, art becomes stronger; it will

define our humanity,” the director said.

Musicians and singers delivered songs of hope.

Interpretive dancers portrayed the horrors and struggles of the farmers, and the role of farming in the lives of our ancestors.

Poets recited pieces on the meaning of rice to us as Filipino, reminding audiences of how parents admonish their children not to leave art/PAGE 10

Run to Fuel Hope:

VXI Participates in Charity Fun Run

DEVANT Ushers the Perfect Curved TV for More Immersive Viewing Experience Devant, one of the major p l ay e r s i n t h e h i g h l y competitive global LED television market, is ushering a remarkable innovation in the Philippines with its Devant AVC400 Series Curved Ultra HD TV. The latest TV model comes in 55-inch and 65inch variants which exude the 4000R curvature that has proven to be the perfect curved rate for a television to maximize the comfort for the eye and bring users a more immersive viewing experience.

It actually offers more than 10 degrees of viewing angle than that of a flat TV allowing the user an encompassing view.

The Devant AVC400 Series Curved Ultra HD TV

is powered by a 4K quad core processor which delivers brilliant picture quality and a fluid operating experience.

Being an Ultra HD TV, it has a display resolution of 3480x2160 pixels or 4x that of a Full HD. Its Ultra HD features also include vivid motion with its fast frame rate; cross color suppressor technology that improves overall picture quality ; an ultra scale that makes practically every detail on the screen come to life; superb sound because of its built-in subwoofer and a full-color optimizer which offers a wider color spectrum.

The Devant AVC400 Series Curved Ultra HD T V a l s o fe atu re s L E D backlighting that is divided into 85 zones, each one

independently controlling their respective lights. It also sports a local dimming feature that makes darker colors look deeper and lighter colors appear even brighter.

Overall, it contributes to advance HDR which allows the TV to display more detail as well as enhance the depth and make the viewing content more vivid at a remarkable motion frequency of 60Hz. Devant has long been known in the industry for its cutting-edge LED technology, top-of-the-line specifications, and low power consumption TVs that offer great value for money.

One of its pioneering signatures in the television business is the Smart TV that combines HD entertainment, devant/PAGE 11

DAVAO CITY, Philippines – Motivated by the cause to help Filipino children in need, VXI Philippines showed its support to Tebow Cure Run 2016: Run to Fuel Hope- a fund-raising event organized by Tebow CURE Hospital last May 1, 2016 at SM Lanang Premier.

VXI quickly responded to Tebow CURE’s call to participate and be one of the major sponsors of the said event. Hundreds of VXI employees chose to sp end t heir Sunday morning in reaching out to the community and help drive public awareness in promoting the hospital’s philanthropy.

Headed by Ms. Debbie Santos, VXI’s VP for PH Talent Acquisition and

Corporate Branding, and Mr. Anant Singh, VP for Operations, the participants gathered in the venue as early as 4:00 am to participate in the 1k and 5k runs, with routes situated within Davao City.

“This is a simple company initiative that desires to help raise awareness about the pediatric orthopedic children from Tebow CURE, Davao,” said Mr. Anant Singh. “The activity inspires everyone, not only the VXI employees but also its community to take their love for running to a higher and more meaningful level. This is an opportunity for us to take a break from work and have fun while helping others.” he added.

Because of the support given by VXI community in

this project, they were able to raise Php 106, 930.00 that can help fund the medical care for children with treatable conditions like clubfoot and spinal deformities.

Te b o w C U R E ’s Development and Sustainability Officer, Vincent J. Bitana, expressed his utmost gratitude for the company’s participation in their fund raising event, which is also in line for their first anniversary.

“On behalf of CURE Philippines, Inc. (Tebow CURE Hospital), I would like to thank VXI’s active participation in helping us raise awareness and revenues to help fund our charity work. We were able to raise Php 440,000.00 less all the expenses incurred. The charity/PAGE 10

Run to Fuel Hope: Anant Singh, VXI’s VP for Operations (Left) along with the VXI Davao community run to raise funds for Tebow CURE Hospital’s patients with clubfoot and spinal deformities.

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Italpinas signs P350-million DBP loan for Cagayan de Oro project

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TALPINAS Development Corp., a developer of mostly green buildings, on Friday signed a P350million loan agreement with state-owned Development Bank of the Philippines (DBP) to partly fund its project, in Cagayan de Oro City.

Italpinas officials said the five-year, fixedinterest loan hopes to bankroll the P575-million construction cost of the two towers of its project, called Primavera City in Cagayan de Oro City.

“With DBP’s support, the available funding will ensure completion of the project on schedule,” said Jose Leviste III, the company’s president.

The company hopes to raise P1.4 billion in sales from the initial towers of Primavera City, which includes 3,000 square meters of office space that will be available for lease as soon as the company receives a go signal from government authorities to sell the units.

At the moment, the company only has two projects, one each in Cagayan de Oro and Nasugbu in Batangas.

It just acquired 1,868 square meters of land for the first two towers of Primavera City. The company purchased the land for P24 million from Pueblo de Oro Development Corp., and was only paid in January this year.

“Preliminary groundworks were already undertaken at the project site.

The construction of Primavera City A and B is scheduled as soon as the general/structural contractor is selected but not later than June 2016,” it said.

The International Finance Corp., the private- sector arm of the World Bank, has awarded the EDGE certification to Primavera City.

Primavera is the first completed condominium project in East Asia to be certified by EDGE,

which the IFC called its “innovation,” as it helps property developers build and brand their properties “green” in a fast, easy and affordable way.

EDGE is supported by a software that encourages solutions

to reduce energy and water used to make building materials by at least 20 percent, which is the standard for the certification, IFC said.

The company said Primavera, which will have 163 units for Tower 1 and 166 units for Tower

2, will be constructed at a cost of P670 million, including the land.

Its second project, called Miramonti— located in Santo Tomas, Batangas—will be constructed for between P700 million and P750 million. It will

sell the units of both developments to between P85,000 and P95,000 per square meter.

Construction for both projects may start this year, but all the necessary funding for the project has already been settled, company officials said.

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Resilience... from page 7

of the agriculture sector amid rising volatility brought by climate change, and protect the well-being of persons with disabilities by requiring their mandatory enrollment in the National Health Insurance Program.

Fo r t h e s u c c e e d i n g administration, more concerted efforts are needed to address issues in urban planning and housing, agricultural resilience, environmental management, infrastructure, access to information and communication technology, market competition, and trade in services, among others.

Chapter 1 enumerates the global threats and risks faced by the country: the growth slowdown in the region, the trickle-down effect of the drop in oil prices on Philippine export labor, and the impact of climate-related issues such as El Niño on the country’s agriculture.

The ability to absorb these shocks and adapt to their effects requires good policies informed by research and policy dialogue.

The Philippines’ economic performance in the past six years—growing at an average rate of 6.2 percent from 2010 to 2014—was enabled primarily by good governance and good policies such as “improved rate of capital formation,

BWM: May 4 & 11, 2016

a sound fiscal balance, and a favorable pattern of structural transformation”.

The same level of efficacy must be sustained in the next administ rat ion to further bolster the country’s economic resilience and to achieve the much-coveted goal of sustainable and inclusive development.

Art...

from page 8

a grain on their plates and to be grateful for having something to eat.

Bawat butil ng bigas na mailigpit ligaya rin kapag nagigipit.

The Art for Rice held at the Capitol University Gymnasium on May 6 served as the grand finale show of a series of smaller shows held at the XU Little Theatre from April 18 to 19.

The grand finale show was able to gather nearly Php50, 000 and donations in kind from numerous organizations and individuals.

Charity... from page 8

wireless and cross-platform connectivity, and energy saving LED technology all in one package.

In terms of connectivity, the Devant AVC400 Series Cu r v e d U l t r a H D T V supports USB 3.0 and 2.0 as well as HDMI 2.0 and 1.4. It can also backstop connection via Wi-Fi, LAN, and DLNA. It terms of 4K viewing content, whose demand is

starting to pick up in the Philippines, the Devant AVC400 Series Curved Ultra HD TV provides 4K movies and television shows online through the popular Netflix app.

As a 4K TV, it can also play 2K signals that will effectively be enhanced on a 4K display.

The television has also been manufactured by Devant with the environment in mind as such, the Devant AVC400 Series Curved Ultra HD TV is also described as ‘env irosmar t’ w hich means that its operation has no negative impact on the environment. It is also mercury-free and a very energy-efficient appliance which is why it has an energy star. For its size, the TV only has a power consumption rate of 200 watts.

For the most immersive viewing experience that almost resembles the actual scene, Devant AVC400 Series Curved Ultra HD TV is one entertainment investment that is well worth it for the discerning consumers who are constantly in the lookout for quality and value for money with their viewing pleasure.

Exposure... from page 5

quarter. RELs comprised 86.2 percent of REEs at end-2015.

The banks’ investments in RE securities, meanwhile, expanded by 5.1 percent quarter-on-quarter to P209.7 billion at the end of last year.

The banks’ exposure to RE securities accounted for 13.8 percent of REEs during the period.

While REEs sustained an increase, the non-performing RELs ratio of U/KBs and TBs followed a downtrend. At end-2015, the banks’ nonperforming RELs ratio stood at 2.1 percent, marginally lower than the 2.2 percent recorded a quarter earlier.

The Bangko Sentral ng Pilipinas (BSP) monitors the REEs of U/KBs and TBs as part of its broader role of assessing the quality of bank exposures to the different sectors of the economy.

Maintaining high loan quality is essential to the promotion of financial stability, which is a key policy objective of the BSP.

Financial...

from page 5 asset and liquid asset cover ratios of 100 percent and 30 percent, respectively.”

T h e c ou nt r y ’s t r u s t industry posted a slight or 0.3 percent growth to Php2.7 trillion boosted by “increasing concentration and faster growth in financial assets particularly corporate debt securities over equity investments.”

“Overall dollardenominated assets propped up the expansion in trust assets,” it said.

Branches and subsidiaries of foreign banks also posted improvement on solvency, asset quality and liquidity,

BWM: May 4 & 11, 2016

it said.

“Profitability was maintained on higher interest income,” it said.

T h e B SP c it e d t h at “other non-bank financial institutions exhibited prudence in their overall risk-taking activities and provided sufficient capital buf fe rs for unfore s e e n shocks from their operating environment.”

“In particular, non-bank financial institutions with quasi-banking functions (consisting of investment

houses and finance cor p orat ions) rep or te d positive net profit and sufficient capitalization with borrowings mostly in the form of deposit substitutes,” it said.

“Notwithstanding t h e s u s t ai n e d p o s it i v e performance of the financial system, the BSP continues to bolster the banking system’s c ap abi lit i e s to ad d re ss potential risks. This is in line with the BSP’s objective of promoting greater financial stability,” it added. (PNA)

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Duterte... from page 1

He e mp h a s i z e d t h e incoming administration will continue the gains of the President Benigno S. Aquino III, whose leadership resulted in the economic boom that earned the country favorable credit ratings.

“But investors would be welcoming such changes because this is for the better.

This is not a retrogression that we will withdraw anything that is necessary to move our country forward,” he said.

“He (Duterte) will copy and continue programs that are rebounding to the good of the people. We will review the programs and certainly replace those that don’t work,” he added.

Laviña said one such policy that Duterte might consider reviewing is the 6040 rule on foreign business ownership in the Philippines.

At present, the country limits the foreign ownership of businesses to 40 percent and 60 percent to Filipinos under Republic Act 7042, also known as the Foreign Investments Act of 1991.

Duterte told reporters Monday evening that he can allow a 60-40 arrangement in favor of foreigners, or even 100-percent ownership of a business.

He said what he cannot allow is the selling of lands to foreigners, as the country’s land is “sacred”.

“I will now agree to selling a piece of our properties.

Hangang dyan lang but not selling of properties. China has blossomed without selling a piece of their soil. Why should I? My country is sacred,” he said.

“We are poor and if you allow the selling of lands, ever ybody who has one hectare will sell it. And we will find ourselves and our children in the foreign land,” he said.

He said the country is not “in the position of strength at this time” to reclaim, if ever, what would be sold to the foreigners.

On the Philippine sto ck market, D uter te, who admitted he has no background in economics, said he was more concerned about the inflow of hard investments. “ I c a n’t t a l k a b o u t economics or what the Makati Business Club wanted me to discuss. Hindi ako Wharton (graduate). I told you I’m a mayor and a prosecutor. I do not really care about the stock market, pera lang yan naglalaro, what I want is hard investment. If that is the Makati concept of getting the country into prosperity, you’re silly,” he said.

Peaceful... from page 1

provinces of Lanao del Norte and Misamis Occidental, and the Municipality of San Fernando in Bukidnon province.

In a media briefing, Balisado said the police and the military have provided

active support to the Comelec in ensuring a free, orderly, honest, peaceful and credible elections.

Despite reports of election-related violence in his area of responsibility, Balisado said the situations have been contained and managed without prejudice to the voters.

C/Supt. Gentiles, for his part, said the elections was “generally peaceful with no untoward incidents that happened until Tuesday morning.”

4ID deputy commander B/Gen. Apul Atal said their areas of responsibility remain generally peaceful. He said the military is committed to keep this situation as counting and canvassing of votes are still ongoing.

4ID Commanding General Benjamin Madrigal Jr. has called on everyone to respect the results of the elections.

NEDA... from page 2

to ensure that governance of natural resources and assets is implemented in a peaceful and sustainable manner.

The program is especially to benefit the disadvantaged poor population/indigenous peoples affected by landbased resource conflicts and focuses on the following core processes: Peace-Building Ne e ds in D e velopment Planning; Conflict-Sensitive Land Use Planning and Res ource Management; Titling and Natural Resource Management in Ancestral Domains; Access to Legal and Para-legal Services and Rights Awareness; and Management of Overlapping Protected Area and Ancestral Domains.

These shall guide mandated bodies in addressing land use and land rights in a peaceful and sustainable manner, as well as, in ensuring an improved and lawful access of marginalized populations to natural resources.

There were also presentations on the fol l ow i ng : Up d at e s on the Initial Activities of the COSERAM Program in Region X; Situationer on Mt. Balatukan Range Natural Park (identified priority site for COSERAM in Region X); Peace and Security Situationer in the Mt. Balatukan Range Natural Park and Neighboring Areas; and NCIP, DILG, DENR and NEDA work programs highlighting cooperation with the GIZ-COSERAM. The implement at ion structure of the COSERAM program is directly under the Regional L and Use Committee through the COSERAM-T WG which is composed of NEDA (as the Chair and Secretariat), NCIP, DILG, DENR, OPAPP, MinDA and concerned LGUs as core members.

The next steps which were presented by NEDA-X Assistant Director Mae Ester T. Guiamadel, include: a firming up of the work and financial plan (WFP) of concerned agencies (DILG, DENR, NCIP and NEDA;

integration/harmonization of WFPs in consideration of the five core processes of COSERAM; submission of the consolidated WFP to GIZCOSERAM; and approval of the consolidated WFP of Region X. (Peleta B. Abejo/ NEDA-X / APB/PIA-10)

Know your role. If you are one of the villains described, you will cry hysterically with Duterte at the helm. It is time for you to seek a self-exile.

But if you are supportive of change for the better, do not confuse Duterte’s leadership with disaster.

from page 4

from page 6

Hurst...

want to keep doing that right thing and always do their best.”

This is why Jesus Christ commands us to love others as yourself. Make others feel good about themselves the way you want to feel good about yourself. So won’t you ask Jesus to forgive you for your past and for treating others wrongly? Then ask Him to start changing your heart, so you can not only become your best, but you will als o bring out the best in others. Just Think a Minute…

Larawan... from page 4

and “human rights” (their version). I do not worry about Duterte’s verbal expletives more than I worry about its defeaning variation: the secret delehensiya of the fortune seekers (Duterte is the least inclined among them). I rather fear decent criminals, honorable c ro c o d i l e s , c ou r t e ou s empire-builder-for- theirkingdom’s-sake, and theater experts (many candidates during campaigns).

Halal...

initiative”. Bruce Winton, General Manager for Marriott Manila said.

Fazal Bahardeen, CEO of CrescentRating, said “We are delighted to welcome a prestigious brand such as Marriott as a member of Crescent Rated Hotels.

“Marriott are leading the drive from the front and more Hotels will be granted a Crescent Rating in the Philippines soon.” “We predict that this commitment

by Marriott will be worth millions of dollars to the local economy over the next few years and will drive visitor arrivals to the country.”

Tour ism Phi lippines s aid t his ne w drive to attract inbound Muslim touristsformed a key strand on its long-term strategy to maximizeits economic growth in the halal tourism industry. Secretary Ramon R. Jimenez, Jr. of the Philippine Department of Tourism (PDoT), said: “Our Philippine Halal Tourism project has been successful in generating awareness and creating a Halal consciousness among the Filipino people. We have

Republic of the Philippines Regional Trial Court 10th Judicial Region Branch 16, Tangub City IN THE MATTER OF THE CORRECTION OF ENTRY IN THE CERTIFICATE OF LIVE BIRTH OF CORNELIO AÑOS LARAÑO, JR. AS TO HIS YEAR OF BIRTH FROM “1968” TO “1969”,

DEVANT... from page 8

amount that your company gave [will be] used to provide life changing surgeries for physically disabled children.”

Alongside with the run, VXI’s new corporate logo was also revealed that morning.

Shirts and visors with the renewed face of the company were given to all the runners

CORNELIO AÑOS LARAÑO, JR., THE CITY CIVIL REGISTRAR Represented by JURGEN LUA -versus- OF TANGUB CITY LARAÑO. Petitioner, Respondent,

NOTICE OF HEARING WHEREAS, after alleging certain facts in a verified petition filed on April 6, 2016, petitioner prayed that after notice, publication and hearing, an order be issued directing the Local Civil Registrar of Tangub City, Mis. Occ., to make the following correction in his record of birth, to wit; Year of birth from “1968” to “1969”.

WHEREFORE, finding the petition in due form and substance, the hearing of the same is hereby set on MAY 30, 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 City Hall of Tangub City, and the Barangay Hall of Sicot, Tangub City, Mis. Occ.

as souvenir.

VXI’s participation in this charity fun run was just a proof that they’re living up with their current core values.

This recently concluded event was just a portion of the bigger surprise that the company is planning to unveil in the coming months.

Tebow CURE Hospital is one of the primary outreach initiatives of the Tim Tebow Foundat ion. The y’ve been providing pediatric, orthopedic and surgical care to children with treatable physical disabilities.

VISIT OUR WEB PORTAL

Republic of the Philippines Province of Misamis Oriental Municipality of Initao -oOoNOTICE TO THE PUBLIC CCE-0016-2016 R.A. 10172

Date: May 3, 2016

In Compliance with the publication requirement and pursuant to OCRG Memorandum Circular No. 2013-1 Guidelines in the Implementation of the Administrative Order No.1 Series of 2012 (IRR on R.A. 10172), Notice is hereby served to the public that JUDY B. BONGGOLTO has filed with this Office, a petition for change of first name from “ “ to “ “ and correction of entry in sex from “FEMALE” to “MALE” or correction of entry in the date of birth from “ “ to “ “ in the certificate of live birth of JUDY B. BONGGOLTO at Initao, Misamis Oriental and whose parents are FELIX P. BONGGOLTO and ZOSIMA A. BONGGAT.

Any person adversely affected by said petition may file his written opposition with this Office not later than May 25, 2016 (Sgd.) ISAIAS A. JARALES Municipal Civil Registrar

BWM: May 4 & 11, 2016

Republic of the Philippines Regional Trial Court 10th Judicial Region Branch 16, Tangub City IN THE MATTER OF THE CORRECTION OF ENTRIES IN THE CERTIFICATE GINA DUMALTE PENALTE

SPECIAL PROCEEDING CASE TC-2016-003

finally broken real ground and set very realistic targets to begin the important work of making Halal a real industry in the Philippines.

11

2014 ppi’S Best in ENVIRONMENTAL Reporting

YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

GINA DUMALTE PENALTE Petitioner,

-versus-

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

THE LOCAL CIVIL REGISTRAR OF TUNO, DON VICTORIANO, MISAMIS OCCIDENTAL,

Respondent

/----------------------------------------------------------/ NOTICE OF HEARING WHEREAS, after alleging certain facts in a verified petition filed on January 8, 2016 petitioner prayed that after notice, publication and hearing, an order be issued directing the Local Civil Registrar of Don Victoriano Misamis Occidental to make the following correction in her record of birth, to wit: Year of birth from “1994” to “1984” WHEREFORE, finding the petition in due form and substance, the hearing of the same is hereby set on JUNE 21, 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 Don Victoriano, and the Barangay Hall of Tuno, Don Victoriano, 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 petition and notice be furnished the petitioner, the Office of the Solicitor General, and the Local Civil Registrar of Tangub City. 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.

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 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 Don Victoriano, Mis. Occ. Any person having or claiming any interest under the ennrty whose correction is sought may, within fifteen (15) days from notice of this petition, of from the last date of publication of such notice, file his opposition thereto.

WITNESS, the Honorable SYLVIA A. SINGIDASMACHACON, Presiding/Executive Judge, this 14th day of April 2016.

WITNESS, the Honorable SYLVIA A. SINGHIDASMACHACON, Presiding/Executive Judge, this 2nd day of May 2016.

(Sgd.) ATTY. MARCELINO D. NATIVIDAD, JR. Clerk of Court VI

BWM: May 11, 18 & 25, 2016

(Sgd.) ATTY. MARCELINO D. NATIVIDAD, JR. Clerk of Court VI

BWM: May 11, 18 & 25, 2016

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wednesday|may 11, 2016