BusinessWeek Mindanao (May 12, 2017)

BusinessWeek MINDANAO CREDIBLE

Volume VII, No. 149

Market Indicators As of 5:01 pm May 11, 2017 (thursday)

FOREX US$1 = P49.910

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PHISIX 7,816.40

X X Briefly 22.23

cents

points

Coco plant THE Board of Investments (BoI) has approved the application for incentives of Ahya Coco Organic Food Manufacturing Corp’s P391 million coconut processing plant in Davao City.

In a Tuesday statement, the board noted the project falls under the production and manufacture of export products category of the current Investment Priorities Plan where nontraditional products are to be exported at a rate of at least 50% of its output, if Filipino-owned or at least 70%, if foreign-owned.

The firm expects to export all its production to the United States, China and Europe.

The Filipino-owned company’s facility has a capacity to produce canned coconut milk at 7,286 metric tons (MT) yearly; canned coco water at 6,970 MT; virgin coconut milk at 485 MT; and coconut flour at 1,061 MT.

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GREEN property developer Italpinas Development Corp. is planning to borrow up to P500 million to partially finance the development of its newest project Miramonti in Sto. Tomas, Batangas.

Italpinas Chairman Romolo Valentino Nati said they are currently talking to Bank of the Philippine Islands (BPI) for the loan since the project is set to be launched by the third or fourth quarter of the year.

The firm had earlier tapped the Development Bank of the Philippines for a P350 million loan to partly finance Primavera City and another BPI and Landbank of the Philippines loan for Primavera Residences in Cagayan de Oro.

P15.00

Friday | May 12, 2017

By MYRNA M. VELASCO, Contributor

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EVERAL unresolved tax issues of the power industry have been dumping addon costs to the supposedly competitive retail segment of the restructured electricity sector, making it a bit expensive for customers already exercising “power of choice” on their power supply procurement.

SM CDO DOWNTOWN PREMIER. SM Prime Holding inaugurated yesterday, May 11, the SM CDO Downtown Premier, its 61st mall and the sixth in Mindanao, along the intersection of Claro M. Recto Avenue and Osmena Street in Cagayan de Oro City. The 5-level, 177,743.21 square meter mall, Mindanao’s biggest in terms of floor area, will be open to public starting today, May 12. bwm photo

Surigao governor brands clerics corrupt, immoral

By CHRIS V. PANGANIBAN, Contributing Editor

Italpinas expands

IN-DEPTH

TAGO, Surigao del Sur -Gov. Vicente Pimentel Jr. lambasted anew the leaders of the Catholic church as he accused them of corruption and immora l ac ts t hat allegedly involve parish priests in different towns of the province.

Pimentel minced no words in attacking the local Catholic church hierarchy for allegedly enriching themselves from the coffers

of the parishes by living in a wealthy lifestyle while accusing some other priests of siring children from extramarital affairs with parishioners.

“My dear fellow Catholics let us now wake up. Do not listen to them in the next election,” Pimentel told residents of the farming village of Lindoy during the celebration on Wednesday on the harvest of organic

rice farms.

He took the opportunity in airing his gripes before the farmers who celebrated for a bountiful harvest of their organic rice as he also thanked them for his overwhelming win in this town.

The governor has been at loggerheads with the Catholic church after the latter had actively campaigned against him in the local elections last year. clerics/PAGE 11

At this stage, retail electricity suppliers (RES) under the edict of retail competition and open access (RCOA) have been sorting out these tax concerns with the Bureau of Internal Revenue (BIR) – but solutions seem far off still. These tax issues delve with value added tax (VAT) for some components of the distribution wheeling service (DWS) and tax charges levied via the Wholesale Electricity Spot Market (WESM).

In a position paper lodged with relevant government agencies, primarily with the BIR, the RES players have stipulated that “since there is no BIR regulation clearly stating that the DWS and WESM charges are “pass-through” charges, the contestable issues/PAGE 11

BANGSAMORO IN OIC. Dr. Yousef Al-Othaimeen, SecretaryGeneral of the Organization of Islamic Cooperation invited leaders of the Moro National Liberation Front (MNLF) factions and the Moro Islamic Liberation Front (MILF) for a meeting of the Bangsamoro Coordination Forum to discuss issues and concerns, including harmonizing the two peace tracks and preserving the gains of the peace agreements. Photo shows the OIC SecGen with the MILF delegation led by chair Al Haj Murad Ebrahim (left) and the MNLF delegation led by chair Yusoph Jikiri (right). Nur Misuari, MNLF founding chair, who also chairs another faction, was a no-show and did not also send a representative. photo courtesy of the oic

Abu eyeing tourism destinations for its kidnap-for-ransom activities

By ANTONIO L. COLINA IV, MindaNews

PICTORIALS. Photojournalists take a photo of one of the 21 candidates of the Bb. Medina Tourism 2017, one of the highlights of the annual fiesta celebration of Medina town in Misamis Oriental. photo by gerry lee gorit

DAVAO City -- Tighter border security between Malaysia and Philippines has limited the movement of the Abu Sayyaf, forcing the kidnap-for-ransom group to shift to popular destinations in the country visited by foreign nationals, Save Sulu Movement spokesperson Prof. Octavio Dinampo said.

“The border between Philippines and Malaysia are being tightened, very strict there so they can no longer cross that border,” Dinampo told “Wednesdays’ Habi at Kape”.

He said the Abu Sayyaf is trying to create a new stage outside the Autonomous Region in Muslim Mindanao,

which he said may explain why some of its members went to Bohol where they figured in a clash with government forces last April 12.

Dinampo said the bandits might target too Dakak Beach Resort in Dapitan in Zamboanga del Norte, B oracay in Ak lan, and Palawan. eyeing/PAGE 11

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DOT-XI eyes cultural tourism campaign this 2017 DAVAO C i t y b - - T h e Department of Tourism in Region XI is eyeing to market cultural tourism this year particularly during Davao City’s Kadayawan.

DOT-XI Regional Director Robbie Alabado says that the local government of Davao City is identifying and developing different sites in the city as cultural villages.

“Hopefull by the season of Kadayawan, we can have tourists in the sites.” Alabado said during an interview at SM City Davao’s Kapehan sa Dabaw today (May 8).

Among the sites are in the ancestral domain of the

Matigsalogs, another site in Carmen Calinan, in Sicao also in Calinan and in Sibulan.

Alabado says the tourists can stay in the village as observers where they can join them in their meals or in going around the communities, however their stay must not be disruptive to their way of life.

“They are treated as guests of the family where they will be staying.” Alabado says.

Presently in the region there is a cultural village in Tibolo, Santa Cruz, Davao del Sur which is a community of Bagobo Tagabawa. The cultural village was funded campaign/PAGE 11

Economy

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friday|may 12, 2017

Transition of informal sector workers to formal economy gets boost

D

AVAO City -- The government is vying for the transition of informal sector workers into the formal economy, Labor Secretary Silvestre Bello III said over the weekend.

Speaking before a joint Labor Day celebration with the National AntiPoverty C om m i s s i on ( NA P C ) Workers in Informal Sector Council in Davao, Bello said the labor department is fully behind the recommendation of the International Labor Organizat ion (ILO) to provide the sector with an enabling atmosphere to be absorbed by the formal economy.

“Despite their economic and social contributions,

workers in the informal sector are insufficiently covered by labor laws and standards. That is why DOLE is vying for the ILO’s edict,” Bello said, referring to ILO Recommendation No. 204.

DOLE, he added, is seriously taking steps to ensure that this is realized.

The labor department, together with the NAPCWISC, has conducted consultative workshops to identify key policy gaps and challenges in relation to the government’s thrust in addressing informality, as well as strategies and models to operationalize the transition from informal to formal economy.

The consultative

workshops are aimed toward a legislative measure that will address the root causes of informality and formalize the informal economic units and its workers.

In partnership with the Department of Trade and Industry (DTI), the DOLE launched an initiative called Trabaho, Negosyo, Kabuhayan (TNK) where part of the key outputs are the Blueprint for Decent Employment and Entrepreneurship for 20172022 and the Livelihood Agenda 2017-2022.

The initiative aims to transform livelihood into competitive, resilient, and sust ainable enter pr is es by encouraging the formalization and growth

of micro, small, and medium enterprises (MSMEs) through the full implementation of the GoNegosyo Law, the MSME Development Plan, and the Asia-Pacific Economic Cooperation (APEC) 2015 Action Agenda to Globalize MSMEs. The Bureau of Workers w it h Sp e ci a l C once r ns (BWSC) implements the DOLE Integrated Livelihood and Emergency Employment Program (DILEEP) to reduce the vulnerability to risks of the poor, vulnerable, and marginalized workers.

Since July last year, about 54,643 workers were provided with livelihood assistance which included workers/PAGE 11

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Irwin Jayson Jamaca (left), senior trade and development specialist of the Department of Trade and Industry (DTI) Region 10, talks about one of the three pillars of Association of Southeast Asian Nations (ASEAN) which is economic community and its contribution to the economic growth of region 10 during the Philippine Information Agency (PIA) 10’s episode of Talakayan sa Limketkai Luxe Hotel on 24 April 2017. (CJuranes/PIA10)

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friday|may 12, 2017

Alsons unit secures P10.5-billion loan

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ARANGANI ENERGY C orp. has secured a P10.5-billion syndicated loan that it will use to help finance the construction of the second 105-megawatt (MW) unit of its 210-MW coal-fired power plant in Maasim, Sarangani province, its parent firm said.

In a disclosure, Alsons Consolidated Resources, Inc. said the loan has a 13.5-year tenor including a 3.5-year grace period on principal repayment.

The loan agreement has

been signed by Sarangani Energy and a consortium of lo cal banks, namely BDO Universal Bank, Asia United Bank (AUB), Rizal Commercial Banking Corp., United Coconut Planters Bank (UCPB), Philippine Business Bank, China Bank Savings, and Robinsons Bank Corp. The joint lead arrangers for the loan are BDO Capital and Investment Corp., RCBC Capital Corp., AUB and UCPB. Sarangani Energy’s first 105 MW section began commercial operations in

April of 2016 and provides baseload power to more than three million people in Sarangani province, General Santos City, Iligan City, Compostela Valley, Agusan del Norte, Agusan del Sur and other major population centers of Mindanao.

C onst r uc t ion of t he plant’s second 105-MW section began in January this year, with target completion date in the first half of 2019.

The unit is expected to serve three million residents of S outh C otabato, Davao del Sur, Zamboanga del

areas. SM Prime is opening new malls in Cagayan de Oro, Antipolo, Tuguegarao, Palawan and Batangas this year, bringing the total number of SM malls in the country to 65 by end 2017.

Shopping centers in Metro Manila account for 45% of the total malls in the country in terms of gross floor area, followed by Luzon at 35%, Visayas at 14% and Mindanao at 6%.

SM Prime’s expansion drive outside the Philippine capital is part of a broader industry move to venture out of Metro Manila to take advantage of rising disposable income of consumers in the provinces.

“ T he y ’ve b e e n ve r y heavy in Metro Manila but there is a lot of competition.

There’s a lot of opportunities, especially now that they’re trying to have inclusive growth outside of the big cities with the infrastructure program,” C o l l i e r s Int e r n at i o n a l Philippines Deputy Managing Director Richard T. Raymundo said.

Mall developers will have to build smaller shopping centers in the provinces, compared to the 300,000 square meters in key urban centers.

“Income and population are not as high and there are certain tenants which will

not work in those location, so sizes will be smaller. The population is not as high but there is demand for food and entertainment,” Mr. Raymundo said.

SM Prime delivered an annual 13% growth in earnings to P6.60 billion in the first quarter of 2017 compared to P5.84 billion anchored on the expansion of its shopping mall business.

SM Investments, owned by the country’s richest man Henry Sy, Sr., has core businesses in retail, banking and real estate. The family also has interests in gaming, geothermal energ y and infrastructure.

Asean kiosk unveiled at Laguindingan airport A kiosk dedicated to the 50th anniversar y of the Association of Southeast Asian Nations (Asean) was unveiled at Laguindingan airport in Misamis Oriental last Tuesday, May 9.

The inauguration of the kiosk was spearheaded by the Philippine Information Agency (PIA) with Director General Harold Clavite as the guest of honor.

T h e k i o s k c o nt a i n s materials about Southeast Asia, the member countries of Asean, its history and priorities and the Philippines hosting of Asean’s 50th anniversar y including information, education and communication (IEC) materials from other national government agencies and local government units (LGUs) in Northern Mindanao.

T h e r i b b on c ut t i n g w as a ls o w it ne ss e d by Laguindingan airport manager Jose Budiongan.

“The info kiosk is one platform adopted by the PIA in disseminating pieces of information not only about Asean but other government programs and projects as

well,” said PIA 10 director Franklin Gumapon.

Gumapon said brochures, flyers and newsletters in the kiosk are for free and anybody can pick and read them.

“Our office is happy to give you the latest information ab out t he gove r n me nt through this kiosk,” he further said.

An identical kiosk was also unveiled a day later inside the MSU-Iligan Institute of Technology campus in Iligan City a day later.

PIA has set up these Asean info kiosks in key strategic areas nationwide to raise awareness and appreciation of Asean and its benefits to the countr y and the

When you’re in Davao City, Read:

HOTELS & RESORTS DIRECTORIES

Nor te, Z amb o ang a d e l Sur, Cagayan de Oro City and ot her ke y are as of Mindanao.

The Sarangani power plant, which is expected to cost close to $600 million, is the single largest investment in province and the entire Region 12, Alsons said.

Alsons, which claims to be the first independent power producer in Mindanao, holds a 75% equity in Sarangani Energy.

Toyota Tsusho Corp., the trading company of the Toyota group, owns 25%.

SM Prime plans to launch 10 malls next year SM PRIME Holdings, Inc. is on course to reach its target of having a network of 75 malls nationwide, as the property holding firm of the country’s richest man Henry Sy, Sr. plans to double launches next year, a top company official said.

SM Prime President Jeffrey C. Lim said in an interview the integrated real estate developer is busy constructing 12-15 malls at the moment, enabling the company to achieve its five-year road map on schedule. “ We’r e l o o k i n g a t (launching) 10 next year,” Mr. Lim said.

New mall openings are geared towards provincial

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CorporateWorld

Filipino people as part of its communication support to the coalition.

This year, the Philippines is holding the chairmanship of Asean in accordance with the regular rotation of chairmanship among the members. The theme this year is Partnering for Change, Engaging the World. PIA

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USTP Gintong Amihan Dance Troupe members perform in front of the Asean kiosk at Laguindingan airport in Misamis Oriental. photo by mark francisco

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Opinion

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friday|may 12, 2017

Turkey - the end of press freedom

Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

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shyne campaner

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Cleaning Other People’s House Think a minute…A man walked into a crowded store in a small town. It was noisy and full of people. Everybody was talking and going about their own business when suddenly a woman yelled out loudly to a man: “Hey twotimer! Did your wife finally forgive you?” That store which was loud and noisy suddenly became amazingly quiet. Why? Because a nice, juicy bit of gossip was just thrown out and nobody wanted to miss it!

Someone said that when we gossip about others it’s like forcing our way into someone else’s house to clean it for them. We do it not because we’re being kind and helpful, but so we can make them look bad and show everybody else how dirty that person’s life is. The worse we make them look, the better we think we will look in comparison. But it’s usually the opposite. People usually know how good you are by what you say about others, not by what others say about you. Do you remember the rhyme: “Sticks and stones may break my bones, but words will never hurt me?”

It’s not true! Many people have been hurt far more by criticism and gossip than by sticks and stones.

THINK

A Minute

Jhan Tiafau Hurst Even if it is true that a teenager got into trouble, or that man committed adulter y, or that person said something very wrong, t he y may have le ar ne d from their mistake and changed already. But our cruel, unkind gossip about them is wrong and evil, and something we ourselves need to start changing today! The only person’s life you have the right and responsibility to correct is your own. That other person’s life is their own problem. It is not your job or right to talk about it to others. Remember, “What goes around comes around.”

So the same bad things we told about others might also happen to us! Then, guess who people will be gossiping about? You. hurst/PAGE 11

Turkey’s telecommunications authority has said that access to Wikipedia is being barred due to entries alleging the country supports terrorism. It was not clear which specific posts had run afoul of Turkish rules.

Authorities in Turkey offered up an explanation on Sunday (yesterday April 30, 2017 while writing this piece!) for suddenly barring access to the popular online encyclopedia Wikipedia, saying it was over certain entries that hadn’t been removed from the site.

“Despite all the efforts, the content that falsely claims Turkey’s support for terrorist organizations was not removed from Wikipedia,” Turkey’s telecommunications authority stated in a tweet.

The authority said the content was “not allowed to be edited with accurate information” and that it is not possible to selectively block content on Wikipedia. The entire platform was therefore blocked in Turkey.

The statement added that

“Wikipedia editors must do what is necessary” regarding the content.

On Saturday, Turkey’s private NT V television network, which has been criticized for censoring antigovernment content, said the block was put in place over entries “placing Turkey on the same level as the ‘Islamic State’” despite requests to remove the content.

Not only this. Turkey also issued a decree on Saturday imposing a ban on popular dating programs on Turkish television channels. The Turkish government has blocked thousands of websites and has placed restrictions on social media platforms, including YouTube and Twitter. Authorities in Turkey are also able to block specific Twitter accounts.

More sackings across the country were shocked on Saturday when they could no longer access the website from within Turkey without using a virtual private network. The site contains encyclopedia-like

entries on a broad spectrum of topics written in several languages. Anyone can register and propose changes, but the changes can be undone by others.

Turkey issued a set of d e c re e s S atu rd ay, on e announced the firing of 3,974 officials while the second imposed a ban on popular dating programs on Turkish television channels. Another decree gazetted also reinstated 236 people to their jobs, according to the Associated Press.

The online encyclopedia’s founder Jimmy Wales tweeted that he would stand by Turks over their “fundamental” right to access.

Saturday’s public service expulsions included 1,127 justice ministry employees, including wardens, some 1,000 army personnel and 500 academics. That lifts to 100,000 the number of people purged in the nine months since last year’s coup attempt.

Some 47,000 people have been arrested.

H ave M y Say

Klaus Doring

Freedom House, the independent rights watchdog, says over 111,000 websites were blocked already as of May last year, shortly after the coup attempt. Turkey is listed as “not free” on the organization’s Freedom on the Net index.

A democracy named Turkey. Turkey - the end of press freedom for sure! +++ Email: doringklaus@gmail. com or follow me in Facebook, Twitter or Linkedin or vsit www.germanexpatinthephilippines.blogspot.com or www. klausdoringsclassicalmusic. blogspot.com .

A Thankful Heart “Always give thanks to God the Father for everything in the name of our Lord Jesus Christ. “- Ephesians 5:20 We come to understand that GOD’s design for us i s for a l l t h i n g s g o o d .

All things positive. The world has a popular propaganda on this called “stay positive”. It is in fact, inspired by the biblical c on c e pt of “re m ai n i n g in Him”. For in Him all things are bright and b e aut i f u l, as t he p o e m says. All things bright and beautiful are positive, and m o s t e s p e c i a l ly, wor t h our thanksgiving. 1 Thessalonians 5:16-18 says, “B e joyful always; pray continually ; give thanks in all circumstances, for this is God’s will for you i n C h r i s t Je s u s .” Wh at “all” means is also found

in James 1:2 “My brethren, count it all joy when you fall into various trials.”

THANKFUL IN VARIOUS TRIALS. Please don’t forget that the enemy spreads lies that GOD is the caus e of our trials.

Our challenges are results of our bad decisions, this is where we let the enemy in . But ou r go o d G OD turns ever y unfortunate event to an opportunity.

An opportunity to thank Him. So while the enemy uses our sin to bring us d ow n , w he n we have a thankful heart, GOD lifts us out of the trial even more thankful.

W HAT HA P P E N S TO AN UNGR ATEFUL H E A RT ? Wh e n w e a re happy, the more we want to be thankful. The more we seek for things to be thankful for. Knowing that

we find this in GOD, we seek Him through JESUS. In t h e c o nt r a r y, w h e n w e h av e an u n g r at e f u l he ar t, we are un happy.

An unhappy heart thieves us from the good things prepared for us – so we get sick. We make more enemies than friends. We experience financial lack.

Nothing will ever be better for an ungrateful heart.

WHY IS A THANKFUL HEART GOD’S WILL IN US THROUGH JESUS? A thankful heart is a virtue, which by extension, makes us patient. Patience is very important as a Christian, because things are accomplished according to GOD’s p er fe c t t ime.

Not our time.

A thankful person attracts more to be thankful for, so says the disciplines of the world. Sadly, they

The Ripple

By AMBongay

removed GOD out of the pi c tu re. T he one c aus e and source of things to be thankful for. Let us not forget to be thankful not only to the people around us or for the things we have.

Let’s go back to GOD. Let’s go back to the CROSS and be thankful. Simply.

This inter pretation i s bas ed on P tr. G erald Pangan’s preaching.

Bigger tragedies than drugs strike RP, and nobody cares LIFE’S INSPIRATIONS: “… Why do you persist in rebellion? Your whole head is injured, your whole heart afflicted. From the sole of your foot to the top of your head there is no soundness--only wounds and welts and open sores, not cleansed or bandaged or soothed with olive oil…” ( Isaiah 1:5-6, the Holy Bible).

-ooo BIGGER TRAGEDIES THAN DRUGS STRIKE RP, AND NOBODY CARES: Tragedies equal to, if not more than, what the drug menace and the criminality and lawlessness that such menace from illegal drugs have spawned among many Filipinos in the recent past, appear to have struck the Philippines anew in the last several days, and nobody but nobody even seemed to be

alarmed.

Indeed, I am alarmed that no one is alarmed about these tragedies, heralded by two pieces of very disturbing news that got reported on May 10, 2017. Truly, these two pieces of news are real causes of alarm, which should have elicited reactions bordering on righteous indignation from all of us. But, no one seems to care.

This is sad, and this indifference among many of us on things like these may have been among the causes that have fueled these tragedies. Anyway, the first news pertains to the man from Quezon City who killed not only his live-in partner of 10 years with whom he has two children, but also the “other man” or the paramour of the woman, after the suspect caught the

two of them---the live-in partner and her paramour--having wild sex right inside their own bedroom.

-ooo THE SCOURGE OF HIV/ AIDS FROM WANTON SEX: The second piece of news focused on the spread of the dreaded HIV virus among all towns in Western Visayas, particularly in Iloilo City, according to a report from the Department of Health Region 6. HIV, as we all know, transforms into the deadly AIDS virus, now considered as one of the top killer diseases in the world.

What is troubling from this HIV report is the finding that the transmission of this virus, originally only from foreigners visiting the country and who indulge sex with our countrymen, is now made possible even among native

K akampi

Mo A ng Batas

Atty. Batas Mauricio Filipinos, more particularly those “men having sex with men” (and “women having sex with women”).

Latest figures on this show that there are now 41,315 Filipinos afflicted with HIV, and 1,667 of them come from Western Visayas (439 of these come from Iloilo City, 313 from Iloilo Province, 295 batas/PAGE 11

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friday|may 12, 2017

Banking&Finance

BSP’s peso rediscount facility tapped in April

T

HE BANGKO SENTRAL ng P i l i p i n a s’ ( B S P ) peso rediscount facility was tapped for the first time in four months, the central bank reported on Wednesday.

The BSP’s peso rediscount facility was touched in April, but its exporters’ dollar and yen rediscount facility (EDYRF) remained untapped for the fourth straight month in April, as banks still saw no need to secure fresh money supply for its business activities.

In a statement, the central said total loans secured under its peso-denominated loans amounted to P15 million.

Of the total loans availed so far by the banks, the bulk or 98.5% went to credits compr ising of housing (97.5%) and permanent working capital (1%), while the remaining or 1.5% were given to production credits.

The rediscount window allows small banks to incur debt from the central bank to meet short-term liquidity needs by using promissory notes collateral.

Banks may also avail loans from the BSP’s rediscount window in order to meet their short-term liquidity needs, where they can present promissor y notes from outstanding client debts as collateral. These loans mature

in different tenors, ranging from three months to a year.

The lenders may use rediscounting proceeds to extend more loans to other clients or service withdrawals.

Data from the central bank stated that total peso re d is c ou nt b or row i ng s amounted to P10.767 billion last year, of which around 75.8% was used for capital expenditures, permanent working capital, other service activities, and housing; while a fourth went to commercial lending.

For April, borrowing rates for the Rediscount Window I for universal and commercial banks are still at 3.5625% for 90-day loans and 3.625% for

Gov’t to be ‘firm but fair’ to extractive industries: finance chief DEPARTMENT of Finance (DOF) Secretar y Carlos Dominguez III said the government will be fair to extractive industries by pushing for good governance and not allowing the suspension of operations based on unseen audits and levies without legal basis.

During the 2017 National Conference of the Philippine Extractive Industries Transparenc y Initiative Thursday, Dominguez said the Duterte administration will be “firm but fair” to extractive industries.

“The Duterte administration, I assure you, will be firm but fair. It is committed to bring forth strong, but not arbitrary, governance. It will abide

by global best practices in ensuring sustainable development,” the finance chief said.

“Never again should suspensions be meted out on the basis of unseen audits.

Never again should honest industries be subjected to levies without legal basis.”

He also mentioned that the government recognizes the contribution of the s e c tor to t he e c onomy and in uplifting the lives of communities that host extractive industries.

“We need to encourage and not suppress extractive industries,” the cabinet secretary said.

Dominguez vowed good governance in the extractive industries, but urged the

private sector to be also transparent.

He note d t hat we a k governance in the sector has resulted in massive deforestation.

“Poor governance caused us to lose our forests without emancipating our people.

That should never happen again,” Dominguez said.

“The solution is not to arbitrarily ban extractive industries, whatever cont rac tua l obligat ions the government has with investors. The solution is to improve gover nance so that we get the best of both worlds: ensuring the sustainability of our environment on one hand and creating wealth for our fair/PAGE 11

180-day loans, based on the 3.5% overnight lending rate of the BSP, plus a premium.

Yields for thrift, rural, and cooperative banks under the Rediscount Window II are also kept at 3% for 90-day loans, 3.0625% for 180-day loans, and 3.125% for 360day loans.

On the other hand, yields under the EDYRF continued to trend higher this month, ref lecting rising global interest rates.

Rates for dollar loans inched higher in April to 3.17233% for 90-day loans; 3.23484% for 91- to 180-day loans; and 3.29733% for 181to 360-day loans. tapped/PAGE 11

UnionBank expects boost from bancassurance partnership U N I O N BA N K o f t h e Philippines (UnionBank) expects its bancassurance partnership with Insular Life Assurance Co. Ltd. (Insular Life) to contribute “significantly” in its bottom line for this year, the lender’s chief executive said.

“Significant enough.

Double digit... as a percentage of total, sana (hopefully) [50%,]” UnionBank President and Chief Executive Officer Edwin R . Bautista told reporters on the sidelines of a press conference on Wednesday when asked how much would the partnership boost/PAGE 11

5 OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

AMANAH/ISLAMIC BANK V. Neri Street Carmen, Cdoc 858988/8587965 / 722274

METRO BANK- COGON Osmeña Hayes St. Cdoc | 726438/8572057

ASIA UNITED BANK Cor.Camp Alagar Road Lapasan, Cdoc 729678 / 8568893

METRO BANK- CARMEN Max Suniel St. Carmen, Cdoc 8581722/ 8585162

BDO – VELEZ Velez-Rn Abejuela Street, Cdoc 2314246/8572075

METRO BANK- LAPASAN CM Recto Lapasan HW, Cdoc 724461/8561721

BDO – SM G/F SM City, Master Son’s Avenue Upper Carmen Cdoc | 8592623/8592637

METRO BANK- OSMEÑA Brgy Osmeña St. Cdoc | 722014 /8800924

BDO – XU XU Lib. Annex Corrales St. Cdoc 8574108 / 8573796

METRO BANK- CORRALES Corrales Avenue, Cdoc | 8572635/728731

BDO – CDO HAYES Trendline Bldg.,Hayes Street, 8568151/727405

METRO BANK- GAISANO 8561720

BDO – COGON Sky hi Bldg JR Borja St. Cogon, Cdoc 8577963/ 725209/ 725203 BDO – OSMEÑA Osmeña corner Ramon Chavez St. Cdoc 724567/8563727 BDO – LAPASAN Lapasan Highway Cdoc 8563233 /8563234 / 725178 BDO – RN- PELAEZ George Town CyberMall Rn Pelaez Blvd Kauswagan Cdoc | 8562617/729052 BDO – CARMEN Maxsuniel cor.V Neri St. Carmen, .Cdoc 8584854 /8581133 BANK OF COMMERCE- VELEZ Akut- Velez St.Cdoc | 8564371 / 726880 BANK OF COMMERCE- LAPASAN

CM Recto Ave. Lapasan, Cdoc, 8563991/727731

BPI FAMILY SAVINGS BANK RER kauswagan,HW Cdoc 8573733 /722519 BPI FAMILY SAVINGS BANK Gaston Park Cdoc | 8801518 BPI – LAPASAN Cm Recto HW Lapasan Cdoc 724076/ 8524602 BPI- VELEZ Velez-JR Borja St.Cdoc 8564213/722406 BPI – CAPISTRANO Capistrano St. Cdoc 8574264/8574263 BPI- COGON Osmeña St. Cdoc 8571297/8571298 CHINA BANK –GAISANO 745887/745880 CHINA BANK- JR BORJA JR Borja St. Cdoc 8572212/8573274 CHINA BANK- LAPASAN CM Recto Lapasan HW Cdoc 8561325 /722240 CHINA BANK – CARMEN Max Suniel, Cor. Yakal St. Cdoc 8583903/723091 CHINA BANK – DIVISORIA RN Abejuela St. Divosoria Cdoc 8575759/722641 CITY SAVINGS BANK TS Fashion Ave.Justo Ramonal Corner St.Cdoc 2316060/ 2316059 CHINATRUST Suite U&5 G/LGateway Tower Lapasan Lkk Cdoc 8521846/8521844 D’ASIAN HILLS BANK HW. Lapasan Cdoc | 8564201/ 8564201 D’ASIAN HILLS BANK Vamenta Carmen Sts. Cdoc | 8585366 DBP – CORRALES Corrales Ave., St. Cdoc | 8572087/722649 DBP – CAPISTRANO JR Borja Capistrano St. Cdoc 8567776/722819

PLANTERS DEVELOPMENT BANK

Tiano Bros St. Cdoc | 727083 /727082 PHILTRUST BANK Ramonal OsmeñaSt. CDO 8807234/2316694/2316695 PNB- CORRALES Corrales Avenue Cdoc | 729500 / 729723

PNB- LKK MALL NORTH CONCOURSE

LKK Mall N.Concourse Cdoc 8574149/8575682

PNB- CARMEN Elipe Bldg.Carmen, Cdoc | 8583158/ 8584203 PNB- LKK LKK Lapasan, Cdoc | 8564347/722872 PNB CDO– DIVISORIA Tiano Bros.Cruz Taal St., Cdoc 722861 /722816 PNB CDO– LAPASAN LKK Center Lapasan, Cdoc | 8564732 / 723992 PNB CDO– COGON LKK Center Lapasan, Cdoc 8571991/ 723992 PHILIPPINE POSTAL SAVINGS BANK, INC. bels_domingo@yahoo.com.ph Rizal Chavez Cdoc 8572194/725438 PS BANK Velez Corner A. Mabini St., Cdoc 8574183/725184 PHILIPPINE VETERANS BANK Tiano-Abejuela St. Cdoc 722644/8573386 QUEEN CITY DEVELOPMENT BANK, INC. Sacred Heart Mont. Cm RectoAve., Cdoc 8562390 RCBC- VELEZ Velez-Borja St. Cdoc | 8564982/8568888 RCBC- COGON Simplex Bldg. Osmeña St. Cdoc 8562888/725863/8521329 RCBC- LAPASAN Cm. Recto Lapasan HW. Cdoc 8561888/722449 RCBC- LKK Gateway, Tower 1 LkkCenter, Cdoc 8563707/722449 RCBC SAVINGS- CARMEN Walingwaling St.,Carmen St. Cdoc 8585793/ 8586248 RCBC SAVINGS- VELEZ Velez St. Cdoc | 729083/8562460 RCBC SAVINGS- AGORA 8807891/8807892 RURAL BANK OF CABADBARAN, Inc.

#58 Tiano FernandezSt.CDO 727215/ 8563552 *805

SECURITY BANK- OSMEÑA Osmeña St. Cdoc | 8563965/ 723411/728774 SECURITY BANK- LKK Limketkai | 8801258/8801625

EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081

SECURITY BANK- VELEZ Velez Montalvan St., Cdoc | 728334/856632

EAST WEST BANK Cogon De Oro Constraction Bldg. LKK Drive 8500339/8500331

STERLING BANK OF ASIA Tiano Velez St. CDO | 8528171/8528168

ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054

Ton Escol of Realbrox representing SRX Fitness Studio shows off his dancing skills to children who attend their summer dance classes every Monday this summer at Centrio in Cagayan de Oro City. photo by mark francisco

PBCOM Tiano-HayesSt. Cdoc | 726519/8571558

METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

UCPB BANK- LAPASAN Osmeña Corner Lkk Drive, Cdoc 85771842/ 725135 UCPB BANK- VELEZ Velez Corner C. Pacana St. CDO 8564474/8564527 UCPB BANK SAVINGS-CAPISTRANO

Capistrano Corner CruzTaal St. CDO 8524099/722695

UCPB BANK SAVINGS- OPOL Gf forever Books Bldg.Bulua National CDO 754519/8588063 UNION BANK Lapasan Cm.Recto Cdoc | 8566847/8563805 WEALTHBANK Velez Gomez St. Cdoc | 8568942/722174 1ST VALLEY BANK Vamenta Blvd. CornerLirio St. Carmen, Cdoc 8501871/ 8584146 OROBANKERS CLUB Inc. Pnb Carmen | 09151850242

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Friday | May 12, 2017

SM CDO Downtown Premier, the first premier mall development in the region, redefines lifestyle shopping in the City of Golden Friendship, bringing new tastes with eclectic mix of fresh dining concepts and new styles with its fashionable rage of contemporary global brands.

SM opens a Premier Mall in downtown Cagayan de Oro

C

agayan de Oro, the Gateway to Northern Mindanao, is a gold mine of amazing and diverse attractions. Known as the City of Golden Friendship, it is a major whitewater rafting and adventure destination in the country, and called the ICT Goldmine in the Philippines because of its numerous ICT infrastructures and businesses. With its natural attractions, rich cultural heritage, and warm and friendly people, it is a multicultural urban center with a laid- back charm.

Residents in the City of Golden Friendship have more to smile about when SM CDO Downtown Premier opens its doors to the public on Friday, May 12, 2017. It is SM Prime Holding’s 61st mall, the sixth in Mindanao, and the second in Cagayan de Oro. Located at the busy intersection of Claro M. Recto Avenue and Osmena Street, the five level, 177,743.21 square meter mall, will serve shoppers in Cagayan de Oro and nearby cities and provinces in the Northern Mindanao

A Sky Garden and a Sky Hall with bold water features and lush landscaping create bold outdoor spaces for shoppers to linger and enjoy the vibrant urban setting.

area. Envisioned as Cagayan de Oro’s premier shopping address, it is an emerging landmark in the bustling downtown area with five floors of retail, dining, and entertainment; and eight floors of prime office space in the future BPO tower, which will be integrated with the retail center.

SM CDO Downtown Premier brings a vibrant and upbeat retail experience for this urban market with exterior finishes that are subtle and upscale, primarily glass, metal, and natural colors that reflect the sophisticated nature of this center. A glass corner creates a striking entry and allows the center to glow with activity at night.

Interiors are also distinctly upscale with rich, subdued finishes enlivened by patterns of

The entry near the supermarket is designed to appeal to a more value oriented customer.

gray and accents of color.

A diagonal pattern is reflected on the floors, ceilings, and in the skylight system to provide visual interest and variety.

Daylighting and artificial lighting combine to create a variety of light effects that change with the time of day, weather, and seasons. Bold color is used as a visual accent on the escalators and inside faces of the skylight.

SM CDO Downtown Premier brings an uptown vibe to the downtown area with its eclectic mix of shopping, leisure, and entertainment.

The SM Store and SM Supermarket are its major retail anchors, as well as SM mainstays like SM Appliance, Toy Kingdom, Our Home, Surplus, Sports Central and Pet Express. The mall will also have hundreds of

SM CDO Downtown Premier is an emerging landmark in downtown CDO with a five level mall and 8 floors of prime office spaces in the BPO tower.

stores –fashion boutiques, shoe stores, home stores, novelty stores, and more, including a Cyberzone for the tech generation, and a Wellness Center.

It is a vibrant retail intersection where one can find global brands like Forever 21, Uniqlo, Miniso, The Body Shop, Watsons, Ace Hardware, Crocs, Giordano, The

SM CDO Downtown Premier’s interiors are distinctly upscale with rich, subdued finishes, enlivened by patterns of contrasting gray and accents of color.

Face Shop, and Oakley, as well as well-loved Filipino brands like National Bookstore, Bench, and Penshoppe.

Dining with family and friends is a premier experience – outdoor dining enlivens the street with restaurant balconies on both sides. SM CDO Downtown Premier also has a Food Hall, and eating

out options ranging from local and international fast food chains to specialty restaurants. Foodies will love trying out the mall’s homegrown restaurants – Missy Bonbon, Bigby’s, Ribs and Bibs, Hanabel’s, Salo Salo sa Panagatan, Chez Marie, Hungry Plate, Damaso, Barkadahan Grill, Bingsoo, Naicha, Sweet premier/PAGE 10

The SM Supermarket of SM CDO Downtown Premier.

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Elevate the journey with the new Nissan Urvan Premium www.businessweekmindanao.com

Friday | May 12, 2017

Nissan Philippines enters the premium van segment this 2017

N

issan Philippines Inc. (NPI) continues on its growth momentum as it closes off the first quarter of 2017 with a record 5,277 units sold, the highest performance for the brand since the year 2000. To sustain this performance, NPI enters a new segment this 2017 with the launch of the new Nissan Urvan Premium.

“The past year has truly been phenomenal for the brand. And we have been able to continue this performance, beating our own sales record in March, by selling 2,094 units. Our core models have also performed well in the past quarter, especially the sales of our NV350 Urvan.” said Ramesh Narasimhan, NPI president and Managing Director “The NV350 Urvan sold a total of 1,651 units, accounting for 31% of our sales for the first quarter of the year. And now, we continue to grow the business by entering a new segment, with the launch of the Nissan Urvan Premium.”

Sophisticated Design At first glance, the new Nissan Urvan Premium gives off a striking appearance.

Design features such as a V-shaped angled strut grille, sharper head lamps, and dynamic character lines on the front and side adds to the stylishness of the new Nissan Urvan Premium.

The modern look of the vehicle is enhanced by the elimination of the side roof drip channel, as well as the rich surface expression around the wheel opening, coupled with a longer wheelbase, and a shortened overhand.

Inside, suede-like tricot fabric cover the new, individually mounted seats. Adding a touch of class to the new Nissan Urvan Premium is the improved headlining fabric that comes in gray, suede-finished material.

Complementing these premium design touches is a two-tone dashboard that give the impression of a wider, roomier front cabin.

CMYK

Premium Comfort The new Nissan Urvan Premium is designed with the comfort of both passenger and driver in mind. Its wider and higher body, measuring at 5,230mm in length and 2,285mm in height, allows customers to take on long drives with ample leg and head room.

A new seating configuration, which features four rows of seats in the rear cabin, also makes the new Nissan Urvan Premium capable of carrying up to 15 passengers, while still having enough space to store luggage. And to keep everything cool and comfortable, 14 individual air conditioning vents are positioned along each seat of the new Nissan Urvan Premium rear cabin.

Enhanced Convenience Entering and exiting the new Nissan Urvan Premium has also become easier for passengers, as it features an extended sliding door opening height of 1,580mm, as well as a Door Closure Assist. The Door Closure Assist allows passengers to close the vehicle firmly without exerting too much effort. Adding to the convenience are a rear step board, rear ingress/ egress grips and a hand rail upon entering the vehicle.

Powerful Drive Powering the Nissan Urvan Premium is a hightorque 2.5-litre turbo diesel engine engine, the same powerplant used in the award-winning Nissan Navara pick up. With a torque of 356 Nm, this leads to a faster, smoother take-off and acceleration and greater power on tap. Enhancing the ride are safety features such nissan/PAGE 10

8

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friday|may 12, 2017

Liceo and MOGCHS eye music partnership

T

By Mike Baños

wo of Cagayan de Oro City’s foremost champions of promoting music at the g rassroots a re comi ng together to make a long cherished dream come true.

Directors of Liceo de C a g a y a n U n i v e r s i t y ’s Conservatory of Music have been meeting with officials of Paterno Velez Foundation to link the former with the Misamis Oriental General Comprehensive High School (MOGCHS) to upgrade the quality of music learning and appreciation among their students and the musicloving public.

“If we want to raise the quality of music in the city, we have to start as early as possible,” says Horst-Hans Bäcker, director of the Liceo Music Conservatory. “It’s like a pyramid, we need a wide base from which to choose the best students so we can have a solid, competent core of musicians to build on at the higher level.”

B ä c k e r is an internationally recognized c o m p o s e r, c o n d u c t o r a nd has orga nized a nd directed various chorales and orchestras in Romania, Germany, Austria, Brazil, and Hungary. He has also released critically acclaimed recordings like Spanish Night and Spanish Night II. Besides his career as a

composer, conductor and recording artist, Bäcker also became the director of a music a l school i n Langehagen, Germany and later set up his own private school in Bonn, Germany.

Joining Bäcker is Tullio Umberto Vidmar, principal professor of v iolin a nd chamber music at the Liceo Conservatory. He brings with him violin techniques from the famous Italian educator and author Enzo Porta.

After having graduated with a degree in Italian literature at the University of Trieste in Italy, Vidmar spent ten years studying violin, histor y of music and orchestra leader at the Conservatorio di Musica Giuseppe Tartini di Trieste Italia. He went on to perform in Germany with the quartet Academica Chamber music.

Vidmar’s career has taken him as a performer from Italy to a teacher in Brazil where he spent six years teaching violin at a University in Brazil. He also spent many years as concert master and solo violinist in major Italian Classic Orchestras.

C omplet i ng t he t r io of maestros at Liceo C on s er v ator y i s pi a no v ir tuoso Rudolf Caesa r P. Golez, a home-grown prodigy who undertook his first lessons from his mom Dr. Rafaelita P. Pelaez at age

Rudolf P. Golez

of four.

Golez spent his high school years at the Juilliard School of Music Preparatory Division in New York City u nder world-renow ne d pianist Seymour Lipkin.

He later earned Masters i n P i a no Pe r for m a nc e from the University of the Philippine Conservatory of Music. In 2004, he became the sole prize winner at the First ASEAN Chopin International Competition in Kuala Lumpur, Malaysia.

He participated in the 9th International Piano Festivals in Tenerife and Vila-Seca, Spain, and the Festival of Light in Hong Kong, and took master classes under Prof. Arie Vardi. At present, Golez is the concurrent Vice President for Cultural Affairs at Liceo and Dean of the Music Conservatory.

Just recently, Ms. Marinela “Girlie” Neri Velez, President of Paterno Velez Foundation & Founder of the Marinela Neri Velez Strings Program, met with Bäcker and Vidmar to explore the possibility of lending their knowledge a nd ex per t ise w it h t he Misamis Oriental General Comprehensive High School (MOGCHS) to which the foundation has donated 41 musical string instruments.

T he Ma r i nela Ner i Velez Strings Program was originally a 10 year program meant to put together a community based strings

L-R (Gardy Baños, Horst-Hans Backer, Sol Marie Ucab, GIrlie Velez, Vinny Veloso, Joy Velez, Tullio Vidmar & Mike Baños.

orchestra from the public and private schools of Cagayan de Oro through a local school, but when that school opted to proceed in another direction, Ms. Velez moved the program to MOGCHS. Bäcker has proposed that the foundation link the Marinela Velez Strings P r o g r a m a t MO G C H S through a memorandum of agreement with the Liceo Music Conservatory for this purpose, with the ultimate goal of expanding the base at the grassroots of classically trained musicians from which the three institutions would take their pick of the best to establish a Kagay-

Horst-Hans Backer

anon Community Orchestra.

Already, the Liceo Music Conservatory is dreaming of setting up a musical school and conservatory with a curriculum similar to what Backer set up in Bonn as soon as possible.

Thus, Bäcker appointment as director of the Liceo Music Conservatory with Vidmar and Golez joining him in the star-studded faculty, and a core of gifted Filipino musician-instructors sharing the dream and vision to bring classical music back to its lofty pedestal where it was previously held in reverential respect and admiration by the Kagay-anons.

“Liceo believes in the for mat ion of t he tot a l person, and music provides the mental framework of excellence for the mind, preparing them for any field they wish to pursue in the future,” Golez stressed.

Hopefully, should the link between the Marinela Velez Strings Program at MOGCHS and the Liceo Music Conservatory push through, the latter would ensure a steady stream of students who can pursue a career in music at the Liceo.

The establishment of the community orchestra would also serve the Liceo Music music/PAGE 10

Umberto Tullio Vidmar

9

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friday|may 12, 2017

Republic of the Philippines REGIONAL TRIAL COURT OF LANAO DEL NORTE 12th Judicial Region Branch 07 Tubod, Lanao del Norte HEIRS OF JOAQUIN A. ALMARINES CIVIL CASE NO. 07-796 Represented by: GARCIA GRACE A. MADELO, — for —

Plaintiff, Annulment of Deed of Sale — versus — and Recovery of Possession of Real Property and Damages EMMA R. GAITA,

Defendant. x- - - - - - - - - - - - - - - - - - -/ SUMMONS BY PUBLICATION TO: EMMA R. GAITA Santo Nifio Viiiage, Baroy, Lanao del Norte GREETINGS! WHEREAS, on April 7, 2017, the Court issued an order granting the petitioner’s Motion for Leave of Court to Serve Summons by Publication, the dispositive portion of which reads as follows:

“Finding the same to be well taken and in Order, the plaintiff is directed to effect the service of summons by publication to an accredited publication of this Court for respondent Emma M. Gaita at the expense of the plaintiff” WHEREAS, Complaint reads:

“COMPLAINT

COMES NOW the Plaintiff, by counsels, and unto this Honorable Court, most respectfully avers:

THE PARTIES

1.

Plaintiff, is of legal age, married, resident of Zone Cancer, Brgy. Suarez, lligan City, where she may be served with summons and other court processes; 2. Defendant, on the other hand, is likewise of legal age, married, resident of Santo Nino Village, Municipality of Baroy, Lanao del Norte, where she may be served with summons and other court processes; CAUSE OF ACTION 3.

The Plaintiffs HEIRS OF JOAQUIN A. ALMARINES is represented by GARCIA GRACE A. MADELO, by way of Special Power of Attorney, of which a copy is hereto as Annex “A”; 4.

The Plaintiff is the lawful owner of a parcel of land sold by NICANOR F. AGUILAR, M.D., of legal age, married, with residence and postal address at Municipality of Baroy, Lanao del Norte, to JOAQUIN A. ALMARINES, of legal age, married, resident of Municipality of Baroy, Lanao del Norte, by way of ABSOLUTE DEED OF SALE OF UNREGISTERED LAND UNDER CERTAIN CONDITIONS, DATED MARCH 16, 1963 involving ONE THOUSAND TWO HUNDRED (1,200 sq. m.) SQUARE METERS, more or less, located in the Municipality of Baroy, Lanao del Norte, A copy of the ABSOLUTE DEED OF SALE is hereto attached as part hereof as Annex “B”; 5. On July 24, 1971, upon full payment of the selling price of One Thousand (Php 1,000.00) Pesos, EMETERIO G. MARTIN and JOAQUIN A. ALMARINES executed a final DEED OF ABSOLUTE DEED OF SALE OF PORTION OF REGISTERED REALTY involving a parcel of land with an area of One Thousand Two Hundred (1,200 sq. m.) Square Meters and covered under Transfer Certificate of Title No. T-7521, registered in the name of EMETERIO S. MARTIN, situated at the Municipality of Baroy, Lanao del Norte. The copy of the same DEED OF ABSOLUTE SALE aforesaid and Transfer Certificate of Title No. T-7521, are hereto attached as part hereof as annexes “C” and “D” respectively;

6.

From July 24, 1971 up to November 16, 1985, the plaintiff exercised ownership and possession of the same property and from November 17, 1985 up to October 5, 2007, the plaintiff continue exercising ownership and possession of the same property by way of authorizing and/or assigning Mario Papasin as caretaker of the same property;

7.

Spouses Joaquin Almarines and Cayetana Almarines died in 2007 and 2014 respectively. Photo copies of their Death Certificates are hereto attached as part hereof as Annexes “E” and “F” respectively; 8.

On December 14, 2005, the same Emeterio G. Martin unlawfully, without legal basis and without the consent and authority of the plaintiff, sold to Defendant Emma R. Gaita a portion of the aforesaid plaintiff’s land consisting of FOUR HUNDRED TVVENTY FOUR (424 sq. m.) SQUARE METERS, as shown in the copy of the DEED OF SALE which is attached as part hereof as Annex “G”; 9.

The plaintiff as the lawful owner of the aforesaid property has been paying the corresponding real property taxes. Copies of the Declaration of Real Property for 2015 and 2014 are hereto attached as part hereof as Annexes “H” and “I” respectively;

10. Upon the death of Joaquin Almarines in January 2007, the defendant, without the consent and authority of the Plaintiff and by use of force, violence, intimidation, stealth, threat and strategy, unlawfully and without legal basis, deprived the plaintiff of her ownership and possession of the same property by occupying not only the subject of the Deed of Sale involving an area of 424 square meters but the entire property of the plaintiff which is ONE THOUSAND TWO HUNDRED SQUARE (1,200 sq. m.) METERS by driving out plaintiff’s caretaker Mario Papasin from the same property; 11. The defendant continues to possess same plaintiff’s property up to the filing of this complaint. A copy of the Affidavit of the wife of Mario Papasin is hereto attached as part hereof as Annex “J”; 12. Consequently, the plaintiff filed a complaint against the defendant before the Office of the Barangay Chairman of Brgy. Sto. Nino Village, Municipality of Baroy, Lanao del Norte;

13. Unfortunely, on the scheduled date, the defendant failed to appear in the office of the Punong Barangay, Municipality of Baroy, Lanao del Norte. Thereafter, the Punong Barangay issued a Certificate to File Action, a copy of which is hereto attached as part hereof as Annex “k”;

14. Because the defendant unlawfully and without legal basis deprived the plaintiff of their ownership and/ or possession of the same property, the plaintiff suffered from moral shock, besmirched reputation, sleepless nights, wounded feelings, anxiety and untold worries. Therefore, the defendant should be held liable to pay the plaintiff moral damages in the amount Fifty Thousand (P50,000.00) Pesos; 15. In order to serve as a deterrent to the defendant and others not to repeat or emulate similar act or acts. the defendant should be held liable to pay the plaintiff exemplary damages of Fifty Thousand (P50,000.00) Pesos; 16. And, as the plaintiff was forced to engaged the services of a lawyer to seek judicial recourse to assert her right on the same property, the defendant should be held liable to pay the plaintiff attorneys fees in the amount of Fifty Thousand (P50,000.00) Pesos and appearance fee of One Thousand Five Hundred (P1,500.00) Pesos per appearance in court; and actual cost of suit.

PRAYER FOR RELIEF WHEREFORE, premises considered, it is most respectfully prayed of the Honorable Court that, after due notice and hearing, a decision be rendered: 1.

DECLARING the Deed of Sale between Emeterio G. Martin and Defendant Emma R. Gaita, dated December 14, 2005, NULL AND VOID; 2.

Ordering the defendant to vacate the property and turnover andior deliver the same to the plaintiff; 3.

Ordering the defendant to pay the plaintiff: Moral damages of P50,000.00; Exemplary damages of P50,000.00; actual cost of suit of P15,000.00; attorney’s fee of P50,000.00 and P1,500.00 per appearance in court.

Other relief just and equitable under the premises are likewise prayed for.

Respectfully submitted.

15 August 2016, Iligan City, Philippines.

DEMOSTHENES R. PLANDO BASHER T. MACAPADO Counsel for the Plaintiff Suite 308, Counsel for the Plaintiff Abalos Building Aguinaldo St., lligan City Suite 309, Abalos Building PTR NO. 6668932 01-05-16 IC Aguinaldo St., Iligan City (BP OR # 944441 12-18-15 PTR NO. 6667745 01-16-16 Lanao del Norte - lligan City Chapter 1BP NO. 944327 12-16-15 Roll No. 46204 Lanao del Norte - Iligan City Chapter MOLE Compliance No. Roll No. 39873 V-0000097 06.05.2013 MCLE No. VI-0000304 7-18-2016

NOW THEREFORE, the above-mentioned Respondent is hereby summoned and required to file with the Clerk of Court, Regional Trial Court, Branch 07, Tubod, Lanao del Norte, Philippines, his ANSWER to the abovequoted petition within sixty (60) days from publication of the summons and to serve copy of the said answer upon petitioner’s counsel at his given address indicated in the petition. Respondent is further reminded of the provision in the 1BP-OCA Memorandum on Policy Guidelines dated March 12, 2002 to observe restraint in filing a Motion to Dismiss and instead allege the grounds thereof as defenses in the Answer.

Tubod, Lanao del Norte, April 10, 2017.

BWM: Apr 28, May 5 & 12, 2017

(Sgd.) FLORENCE O. POROCHO OIC, Cleck of Court

10

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friday|may 12, 2017

Aboitiz Equity Ventures reports profit of P4.7 billion in first quarter of 2017 Aboitiz Equity Ventures, Inc. (AEV) ended the first quarter of 2017 with P4.7 billion net income, a 7% decrease year-onyear. The company recognized non-recurring losses of P442 million (versus last year’s gain of P186 million) coming from foreign exchange (forex) losses recognized upon revaluation of dollar-denominated liabilities and mark-to-market losses on derivatives.

Power accounted for 67% of the group’s total earnings while income contribution of the banking and financial services, food, infrastructure, and land strategic business units (SBUs) were at 22%, 6%, 4% and 1%, respectively.

Consolidated earnings before interest, tax, depreciation and amortization (EBITDA) of P 12.7 billion, recording an increase of 14% year-on-year (YoY).

Considering ITDA expenses, the higher income contributions from associates brought core net income for the quarter 5% higher YoY, from P4.9 billion to P5.1 billion.

“Our performance reflects the underlying strength of our core operating businesses as we continue to invest for the future.

In pace with the country’s upward growth momentum, we will use our gains to create long-term value for all our stakeholders,” Erramon I. Aboitiz, AEV President and Chief Executive Officer, said.

Strategic Business Units Power Aboitiz Power Corporation’s (AboitizPower) income contribution to AEV decreased by 13% YoY, from P3.9 billion to P3.4 billion as income performance also recorded a 13% decline YoY at P4.4 billion.

Power generation business, which accounted for 81% of earnings contributions from AboitizPower’s business segments, reported a net income drop due to higher interest and depreciation expenses from the initial take up of GNPowerMariveles costs, and increase in unrealized forex and markto-market losses.

For power distribution, attributable sales for the period was at 1,208 gigawatt-hours, remaining close to flat compared to the same period last year.

Banking & Financial Services Union Bank of the Philippines’ (UnionBank) income contribution to AEV increased by 30% YoY, from P837 million to P1.1 billion.

Together with its subsidiaries, the SBU recorded a net income of P2.2 billion for the first quarter of 2017, 27% higher as compared to the P1.7 billion earned for the same period last year. The increase in net income was largely in view of the sustained growth in recurring income, coupled with trading profits.

Likewise, the income

contribution of PETNET, the other financial services company, increased by 207% YoY to P4.4 million.

Food AEV food subsidiaries’ (Pilmico Foods Corporation, Pilmico Animal Nutrition Corporation, and Pilmico International Pte Limited) income contribution for the quarter decreased by 25% YoY from P389 million to P292 million.

Feeds Philippines and Flour reported a drop in net income contributions largely driven by lower selling prices and higher raw material (RM) and operating costs. Depressed flour prices, higher wheat cost, and increase in operating costs dragged Flour’s net income for the period to P87 million, 46% lower YoY. Feeds Vietnam’s income doubled to P7 million driven by the 5% volume growth, a result of the expansion in new markets: export and commercial, and better margins. The recovery in live hog selling prices of Farms resulted to a 4x higher YoY net income of Farms division to P81 million.

Land Aboitiz Land, Inc. (AboitizLand) registered a net income of P72 million, 46% higher than last year’s P50 million.

The increase in net income was mainly attributed to higher revenue recognition by the industrial BU, and improved sales and construction progress by

the residential BU. AboitizLand posted a revenue of P640 million for the first quarter of 2017 – an increase of 28% from the same period last year. Of this revenue, the residential BU contributed 53% (P339 million), the industrial BU 41% (P264 million), and the commercial BU and others, 6% (P37 million).

Infrastructure From the infrastructure group, Republic Cement and Building Materials, Inc.’s (Republic) income contribution to AEV decreased by 48% YoY from P391 million to P202 million. Cement demand slowdown was experienced in the first quarter of 2017, as compared to the same period last year when there was strong demand due to the election season.

About Aboitiz Equity Ventures Aboitiz Equity Ventures, Inc. (AEV) is the public holding company of the Aboitiz Group with major investments in power, banking and financial services, food, infrastructure, and land.

Today, AEV is recognized as one of the best-managed companies in the Philippines and in the region, consistently cited for its commitment to good corporate governance and corporate social responsibility. With five generations of Aboitiz Group business success behind it, AEV continues to drive change for a better world by advancing business and communities.

Premier...

of water. The tank capacity was based on the 24- hour rainfall intensity of 455 mm brought by Typhoon Ondoy in 2009.

SM CD O Downtown Pre m i e r’s d e s i g n t e am includes DSGN & Associates, Design Architect; Jose Siao Ling and Associates, Architect on Record, and DA Abcede & Associates, Construction Managers.

Saway and the Talaandig Republic, and dance troupes from the various schools and community based groups like Kagayan Performing Arts.

for comfort, convenience and stylish good looks, the new Nissan Urvan Premium prom ises to ta ke ever y journey higher.

The new Nissan Urvan Premium will be available in Manua l transmission

by June 2017, in all Nissan dealerships nationwide. It will be available with an SRP of Php 1,650,000 and will come in Alpine White, Black Obsidian, and Tiger Eye Brown. For more details, visit www.nissan.ph.

from page 6

Cravings and Arturo’s.

The mall will have seven cinemas – four dig it a l theaters, 2 Director’s Clubs, and one large format digital cinema; as well as a state of the art bowling center. For customer convenience, it will have a parking building with 1,500 slots.

Just as SM CD O D ow nt ow n P re m i e r i s premier in its design and shopping excitement, it is also premier in its commitment to sustainability and the environment. It has a Sky Garden with bold water features and lush landscaping.

More than that, it is equipped with a Rainwater Catchment System to pre v e nt f l o o d i n g . T h e Rainwater Catchment basin underneath the Main Mall Building measuring 3,000 square meters and six meters deep can hold up to 13, 650 cubic meters of water or close to 13.7 million liters

Music...

from page 8 Conservatory since it would need an orchestra where its students can hone their craft to become world class musicians.

Eventually, the Kagayanon Community Orchestra is envisioned to perform in public events with other C a gay a n de Oro -ba s ed choirs and bands, such as the Xavier University Glee Club, CU Glee Club, the Tanggu Drum band of Oro Christian Grade School, indigenous music ensembles like the Waway Linsahay

Republic of the Philippines Region X Province of Lanao del Norte Municipality of Kapatagan Office of the Municipal Civil Registrar RA 10172 (GENDER)

NOTICE OF PUBLICATION

In compliance with Rule 7 of R.A. 10172, a notice is hereby served to the public that FROILAN ROSE VERANO SUAN has filed with this office a petition for Change of Gender from FEMALE to MALE in the birth certificate of FROILAN ROSE VERANO SUAN who was born on SEPTEMBER 19, 1998 at DONGGO-AN, KAPATAGAN, LANAO DEL NORTE and whose parents UNKNOWN and JENNIFER VERANO SUAN. Any person adversely affected by said petition may file his written opposition with this Office not later 15 days.

BWM: May 12 & 19, 2017

(SGD) IVY REYES TONGCO Municipal Civil Registrar

Nissan... from page 7

as dual front airbags and seatbelts, load tensioning v a l ve , a nt i-l o c k br a k e system, brake assist, child safety lock, and front fog lamps.

Convenience in Ownership Aside from design enhancements, the convenience of t he new Nissa n Ur va n Premiu m extends to ownership. The new Nissan Urvan Premium’s cost of ma i ntena nce is significantly lower than other vans in the same segment.

It is also the first in the industry to offer warranty coverage for business use, allowing customers to have their vehicle serviced for the first 3 years, or 100,000kms whichever comes first, at no additional cost.

Designed with an eye

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

11

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friday|may 12, 2017

Issues... from page 1

customer absorbs and pays for higher electricity fees.

Contestable customers are those that can already freely negotiate and contract for power supply with their preferred electricity suppliers as instituted in the industry’s RCOA policy.

Wit h t he temp orar y restraining order issued by the Supreme Court on the RCOA rules, the policy is still currently enforced on voluntary basis – generally in the threshold level of those with 1.0-megawatt consumption.

Primarily, it was explained that “some components of the DWS and WESM charges may be zero-rated (because the source of generation is renewables)…but the RES is constrained to charge 12-percent VAT despite these charges being zero-rated.”

Clerics... from page 1

He however admitted they already agreed that both parties will no longer be engaged in public animosities but explained, “I could no longer bear the wicked acts that some priest were into lately.”

“I was a victim of their foolishness,” Pimentel said citing millions of pesos that he personally shelled out from his pocket to build churches and the Tandag Diocese cathedral in the past only to learn that the money was lavishly squandered for their personal enrichment.

“I have donated P13 million for various church building projects aside from P5.5 million for a newa church in Adlay in Carrascal and P1.5 million for the renovation of the Cathedral in Tandag,” the governor accounts.

Pimentel said he spent half million pesos to hire a private investigator to probe the lifestyles of these clerics assigned in our province and found out that they have mansions and fancy cars in the cities.

He also criticized some parish priest for using the pulpit to ask for contributions even in their sermons.

Eyeing... from page 1

In an advisory issued on Wednes day, the US Embassy warned its nationals of traveling to Palawan, including Puerto Princesa and the areas surrounding the Subterranean River National Park.

“The U.S. Embassy has received credible information that terrorist groups may be planning to conduct k i d n appi ng op e r at i ons targeting foreign nationals in the areas of Palawan Province, Philippines, to include Puerto Princesa City, and the areas surrounding Puerto Princesa Subterranean River National Park,” it said.

It added, “U.S citizens are advised to carefully consider this information as they make their travel plans and to review personal security

plans, avoid large crowds and gatherings, and remain vigilant at all times.”

Citing the Worldwide Caution dated March 6, 2017, the US Embassy said the Philippines is included in the list of countries where there are “ongoing threats of terrorist actions and violence against US citizens and interests abroad.”

It added “extremists” have targeted sporting events, theaters, markets, mass transportation systems, including airlines, and public venues where large crows gather such as nightclubs, shopping malls, buses and popular restaurants.

It advised its citizens to take preventative measures to ensure their safety and security while traveling and residing in the country.

Octavio said the Abu Sayyaf has some sympathizers from in Palawan.

“They are going to do the spying, the monitoring, everything. In Palawan, we should watch suspicious characters,” he said.

In a separate statement released by the Save Sulu Movement Wednesday, the group said the Abu Sayyaf has continued to carry out kidnappings and even tried to target Bohol, a peaceful tourism destination, despite the State of Lawlessness that President Rodrigo Duterte declared after the Roxas night market bombing in Davao City on September 2, 2016.

The group quoted Defense Secretary Delfin Lorenzana’s disappointment over the doubling of number of kidnapped victims from 18 to31 even after Duterte assumed the presidency and deployed 10,000 troops to Sulu and declared a State of Lawlessness.

On February 17 this year, the Abu Sayyaf released a video showing a machetewielding bandit behead 70year old Jurgen Kantner of Germany, after a deadline for a P30-million ransom demand lapsed.

“Now is the time to achieve and fulfill the avowed promise of ‘Tunay na Pagbabago’.

We expect no less from a President who comes from Mindanao and who truly understands the dynamics of the conflict in this region,” the statement said. (Antonio L. Colina IV/MindaNews)

Workers... from page 2

Starter Kits or Negosyo sa Kariton (Nego-Kart), Enterprise Development Program, Workers Income Augmentation, and Youth Entrepreneurship Support.

Bello has also issued Department Order No. 173 or the revised guidelines in the implementation of the DILEEP. T h r o u g h t h e D. O. , the maximum per capital assistance to beneficiaries was raised from P10,000 to P20,000. On top of that is the provision of sanitary tools and equipment for livelihood projects and the provision of micro-insurance to beneficiaries.

The Occupational Safety

and Health Center (OSHC), an attached agency of the D OLE, also of fers f ree OSH appreciation course to help ensure the safety and protection of informal sector workers, thus improving their productivity.

Moreover, to guarantee that workers from the informal sector are being represented at social dialogues, the Bureau of Labor Relations (BLR) has issued an advisory directing the reconstitution of the Regional Tripartite Industrial Peace Councils (RTIPCs) by including representations from the informal sector.

On Saturd ay, D OLE and NAPC-WISC jointly held the 6th Workers in the Informal Economy Labor Day in Davao City, with the theme, “Boses, Pagkilala at Pakikilahok sa Pamamahala Tungo sa Matatag na Negosyo at Kabuhayan.” (DOLE-XI)

Campaign... from page 2

by t he D OT ’s Tour ism Infrastructure and Enterprise Zone Authority (TIEZA), the four cultural villages in Davao City will be constructed as a local government initiative.

Alabado says cultural tourism will let tourists experience the way of life of the indigenous communities.

It had been done in countries across Asia, Africa and Latin America. (PIA/RG Alama)

Hurst... from page 4

So if you’ve been hanging around with people who gossip and criticize others, you can decide right now to stop. If you will just ask Jesus Christ to forgive you, He will.

Then Jesus will give you His powerful love for others, so instead of hurting them you will want to help them. You’ll even defend and stand up for them when others talk badly about them. Then, someone just might do the same for you when the gossipers are talking badly about you. Just Think a Minute…

Batas... from page 4

from Negros Occidental, 115 from Capiz, 72 from Antique, and 33 from Guimaras).

-ooo FIGHTING OFF THESE TRAGEDIES BY RETURNING TO GOD: These are tragic events of far reaching consequences, and are more dangerous and prejudicial in the long run on all Filipinos. A family that is strife-torn by the separation of the husband and wife will cause suffering not only on the husband and the wife, but more so on the children---who are bound to be scarred and psychologically disjointed for the rest of their lives.

The man or woman aff licted with HIV and AIDS on the other hand will cause suffering not only for themselves, but even on their families, friends, and associates, which would inevitably result in similarly scarring and psychologically disjointing not just all of them, but neighborhoods and entire communities as

well.

Why are we, Filipinos, facing these tragedies at this point? The reason is that we have turned our backs on God, no longer listening to His Word, the Bible, and no longer obeying His commands. We have becomes subjects of evil, since we no longer live according to God’s direction and leading.

We must return to God if we wish to stop tragedies coming upon our people.

-ooo WATCH “ANG TANGING DAAN”, “KAKAMPI MO A N G BATA S ”, AT F B LIVE: Please watch “Ang Tanging Daan”, a Bible E x p o s it i on and pr aye r session at www.facebook. com/angtangingdaan and “Kakampi Mo Ang Batas”, a legal counseling-news commentar y program at w w w. f a c e b o o k . c om / kakampimoangbatas.

Reactions: 0917 984 24 68, 0918 574 0193, 0977 805 9058. Email: batasmauricio@ yahoo.com.

Boost... from page 5

would contribute to the bank’s net income this year.

“But the goal is to be one of the top bancassurance partnerships in the country.

I think our main advantage is the sales culture that is already existing in the branches,” he added.

L a s t J a n u a r y, t h e Aboitiz-led bank sealed a 15-year bancassurance agreement with Insular Life.

Bancassurance refers to the selling of insurance products within bank branches.

UnionBank said through the partnership, the local insurance company will be able to benefit from its network of 300 branches, with over six million clients.

The listed lender, along with its thrift banking arm City Savings Bank Inc., bagged the approvals of the Insurance Commission (IC) and Bangko Sentral ng Pilipinas to sell Insular Life’s insurance products last March 8 and April 4, respectively.

Republic Act No. 10607 or an “Act Strengthening the Insurance Industry,” also known as the amended Insurance C ode, stated that banks are no longer mandated to have a 5% equity in insurance companies to enter into a bancassurance deal.

Any bank can enter the bancassurance business as long as it complies with the requirements set by the IC and BSP. Latest data from the IC revealed that Insular Life ranked seventh in terms of premium income by end2016, with its total premium income at P12.3 billion. Its total assets stood at P131.6 billion last year, bringing the insurer to third place among other life insurance firms.

Insular Life placed second in terms of net income in 2016 after it saw its bottom line reach P3.4 billion last year.

Asked how the bancassurance business will fare this year amid

market volatility, Chief Bancassurance Executive of the partnership between UnionBank and Insular Life Omar T. Cruz said: “This business will definitely transcend market volatility because this business is not about trading your portfolio but this business is about addressing the real financial need of the client across time.”

“So I think after one year, we should have very interesting results,” he noted.

In a separate development, UnionBank’s net income in the first three months of the year reached P2.21 billion, 37% higher from the P1.61 billion recorded in the same period in 2016.

According to Mr. Bautista, this was driven by “loan growth and a lot of customer revenue.”

Total deposits likewise booked a double digit growth to P405.1 billion in the first quarter, 28% up from the P376.5 billion in the comparable period a year ago. Its loans to deposits ratio was at 62.5% during the period.

Tapped... from page 5

Howe ver, yendenominated loans will cost less, with rates going down to 2.0243% for one to 90-day loans, 2.06493% for 91- to 180-day loans, and 2.12743% for 181- to 360-day loans

to reflect movements in the London Inter-Bank Offered Rate, which stands as the international benchmark.

Fair...

from page 5

people from our natural endowments on the other.”

On the other hand, he sought full disclosure of private sector accounting.

“Ifwehavefulldisclosureofwhat was taken and what was earned, then we can have a full accounting ofwhatneedstoberemediatedand how much the commons deserve,” said Dominguez. (PNA) ERRATUM In connection with the SHERIFF’S NOTICE OF EXTREJUDICIAL SALE filed by HDMF (PAG-IBIG FUND) published last APRIL 17, 24 & MAY 1, 2017 the correct entry of petition name under TRANSFER CERTIFICATE OF TITLE NO. 136-2015000097 should be BUNNELL KLEY T. CANIOS and not as published.

Our Apology.

BWM: May 12, 2017

E X TRA - J UDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND

Notice is hereby given that the intestate estate of the Late Felipa Paclar who died last November 04, 2013 at Moog, Laguindingan, Misamis Oriental; That the said deceased at the time of her death, left a Parcel of Land situated in Moog, Laguindingan, Misamis Oriental and more particularly described as follows; Tax declaration Number 08-18-000804015 has a total land area of: FIVE HUNDRED SEVENTY THREE (573) SQUARE METERS and above surviving legal heirs CEDE, SOLD And TRANSFER ONLY A PORTION OF THE SAID LAND CONSITING OF ONE HUNDRED THIRTY FIVE SQUARE METERS ONLY; That to the best of knowledge and information of the parties hereto, the deceased FELIPA PACLAR LEFT NO LAST AND TESTAMENT and LEFT NO KNOWN DEBTS TO ANY PERSON, FIRM OR ENTITY; That for and in consideration of the sum of TEN THOUSAND PESOS PHILIPPINE CURRENCY (PHP 10,000.00) receipt of said amount is hereby acknowledge by the SELLER/VENDOR after the amount is paid in hand by the BUYER/S or VENDEE/S the SELLER/S or VENDER/S hereby SELL, CEDE, TRANSFER and CONVEY the above-described properties consisting of ONE HUNDRED THIRTY FIVE (135) SQUARE METERS ONLY WHICH AS A PORTION OF THE ABOVE DESCRIBED parcel of land in favor of the BUYER/S or VENDEE/S his/ her Heirs, assigns or successorsin-interest, free from any liens and encumbrances, free from any third-party claimant whomsoever and the same is non-tenanted.

Under Notary Public of ATTY. EMELITO J. MARQUINO, As per Doc. No. 265; Page No. 53; Book No. XIII; Series of 2017.

Is hereby given that the intestate estate of the deceased Editho Magtrayo, who died intestate on June 3, 2007 at Quibonbon, El Salvador City that the said deceased, at the time of his death, left a Parcel of Land situated in Kibaghot, Laguindingan, Misamis Oriental, Identified as Lot No. 12175-5-P, covered by Tax Declaration No. 08-18-000408590, containing an area of one thousand one hundred sixty two (1162) square meters, more or less. The legal heirs or sole heirs of the deceased Editho Magtrayo is the subject of ExtraJudicial settlement with a Deed of absolute sale of a parcel of Land; ; is made and entered into by and among; JESUSA UBAY UBAY MAGTRAYO, of legal age, Filipino citizen, widow, with residence and postal address at Quibonbon, El Salvador City, hereinafter referred to as the HEIRS/SELLERS/VENDORS; and JENEVIE PACLAR & REJANE PACLAR, likewise of legal age, Filipino citizen, both single, with residence and postal address at Moog, Laguindingan, Misamis Oriental, hereinafter referred to as the BUYER/VENDEE; That parties here are being all of legal age and with full civil capacity to contract, hereby there presents, agree to DIVIDE and ADJUDICAT among themselves the above-described parcel of land in pursuant to Section 1, Rule 74 of the Rules of Court of the Philippines; That for and in consideration of the sum of TWENTY THOUSAND PESOS ONLY (PHP 20,000.00) Philippine Currency receipt of said amount is hereby acknowledge by the SELLER/VENDOR after the amount is paid in hand by the BUYER/S or VENDEE/S the SELLER/S or VENDER/S hereby SELL, CEDE, TRANSFER and CONVEY the above-described properties ONLY A PORTION OF THREE HUNDRED (300) SQUARE METERS, more or less in favor of the BUYER/S or VENDEE/S his/her heirs, assigns or successors-in-interest, free from any liens and encumbrances, free from any third-party claimant whomsoever and the same is nontenanted. Under Notary Public of ATTY. EMELITO J. MARQUINO, As per Doc. No. 418; Page No. 83; Book No. XIII; Series of 2017.

BWM: May 5, 12 & 19, 2017

BWM: May 5, 12 & 19, 2017

E X TRA - J UDICIAL SETTLEMENT WITH A DEED OF ABSOLUTE SALE OF A PARCEL OF LAND

12

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friday|may 12, 2017