BusinessWeek M I N DA N A O CREDIBLE
Volume VIII, No. 145 As of 6:00 pm May 15, 2018 (tuesday)
US$1 = P52.19
Briefly Rebuilding Marawi THE development finance arm of the Organization of Petroleum Exporting Countries (OPEC) is looking to support infrastructure in the Philippines, including rebuilding Marawi City and developing New Clark City in Central Luzon, the Department of Finance (DoF) said in a statement. “We are here to reiterate our keen interest to assist and collaborate with the government and support your plans,” OPEC Fund for International Development (OFID) Director for Asia Anajulia Taylhardat said during a meeting with Finance Secretary Carlos G. Dominguez III on the sidelines of the Asian Development Bank Annual Meetings on May 4. Mr. Dominguez added that the OPEC fund may also help finance the rehabilitation of the Agus-Pulangi hydroelectric power plant system in Mindanao.
Ramadan starts MALAYBALAY City – Muslims in the Philippines will start observing the month of Ramadan yesterday, May 15, after the sighting of the new moon at about 6pm. The ninth month of the Islamic or Hijrah calendar, Ramadan is dedicated to prayer, fasting and reading of the Qur’an from sunup to sundown. The month marks the time that Prophet Mohammed is said to have revealed the Qur-an, Islam’s holy book which contain the teachings of Allah. During Ramadan Muslims fast from dawn until sunset daily. They refrain from eating, drinking liquids, engaging in sexual relations, and any behavior that is considered sinful.
Cagayan de Oro Lapasan Highway, Cagayan de Oro City
Chinese envoy vows funds for PH projects www.businessweekmindanao.com
YOUR Mindanao-wide BUSINESS paper
Wednesday|May 16, 2018
AVA O C i t y -- Chinese Ambassador to the Philippines Zhao Jianhua has vowed to push more grants to finance projects that the Philippines and the Republic of China would explore.
“I’m pushing for a new amount of additional grants to cover the projects that we have promised, and also some other projects to be presented by the Filipino side,” Zhao said Thursday on the sidelines of the groundbreaking ceremony of the Barangay Callawa Water System Project donated by the Chinese government. The envoy acknowledged that the 500 million renminbi that President Rodrigo Duterte was able to secure during his visit to funds/PAGE 11
IFTAR. A young Christian makes the sign of the cross as he joins young Muslims during Iftar (breaking of fast) in the season of Ramadan. The Iftar, held at the Notre Dame University in Cotabato City, marked the end of a day-long caravan of the Young Southeast Asian Leaders Initiative on Thursday. file photo by mindanews
Moresco-1 gears up as Asia’s top utilities By MARK FRANCISCO, Staff Writer
LAGUINDINGAN, Misamis Oriental -- The Misamis Oriental-1 Rural Electric Cooperative (Moresco-1)
is poising itself to be one of the top power utilities in Asia by 2022. Speaking during their
week-long 50th anniversary, Moresco-1 board president Agustin Caberte said that they need to upgrade their facilities to conform to the utilities/PAGE 11
Rich miner mayor’s rival win in ‘proxy’war’ in Agusan polls By CHRIS V. PANGANIBAN, Contributing Editor
MY BALLOT, PLEASE! A voter gets ready to receive her ballot during the barangay and Sangguniang Kabataan election on May 14, 2018 in Barangay 23-C, Davao City. mindanews photo by manman dejeto
ROSARIO, Agusan del Sur-- The rival political camp of the mayor here reigned
supreme in their proxy war in Monday’s village polls taking eight of 11 village
chairs’ seats in the political exercise marred with massive vote buying activities. Former vice mayor Julie miner/PAGE 11
Editorial and advertising email : email@example.com • Cell Number : 0917-7121424 • 0947-8935776
Economy 2 PH under a unified power grid by 2020
Advertising and Editorial E-mail : firstname.lastname@example.org Contact nos. : 0917-7121424 • 0947-8935776
Wednesday|May 16, 2018
By JOEY SEM G. DALUMPINES, Contributor
AVAO City -- The government’s goal of interconnecting the nation’s three major power grids into a single national grid will be realized in 2020, a ranking official of the Department of Energy (DOE) announced.
Patrick Aquino, director of Energy Policy and Planning Bureau said once the Luzon-VisayasMindanao interconnection project is completed by December of 2020, the proposed single grid will allow the country’s three island groups to share power reserves with each other. “There can be exports
or imports of electric power between or among the main islands in the country,” Aquino said. He noted that the linkup of the grids would strengthen the country’s energy infrastructure resiliency as it would enable one island group to supply the deficiency of supply in the other islands.
To illustrate, the deficiency of supply in Mindanao may be supplied by importing power from Luzon or Visayas, he said. He also noted that the interconnection would not only stabilize supply but should also result in the widening of the electricity market in Mindanao since a unified grid would encourage more investments in the power plants. But just as the project is being pursued, Aquino explained that the overall direction of the DOE is to ensure the availability of indigenous power resources in communities in order to meet their needs. “Both projects come
RPN Radyo Ronda Stations Nationwide
CNN Philippines Stations Nationwide CNN Philippines TV-9 Manila CNN Philippines TV-12 Baguio CNN Philippines TV-12 Dagupan CNN Philippines TV-26 Tarlac CNN Philippines TV-10 Iriga CNN Philippines TV-4 Iloilo
CNN Philippines TV-8 Bacolod CNN Philippines TV-9 Cebu CNN Philippines TV-5 Cag. de Oro CNN Philippines TV-5 Zamboanga CNN Philippines TV-7 GenSan CNN Philippines TV-9 Davao
DZBS 1368 Baguio DZRL 639 Batac DZTG 621 Tuguegarao DZKI 1332 Iriga DYKW 936 Binalbagan DYKB 1404 Bacolod DYKC 675 Cebu DXKO 1368 Cagayan de Oro DXKS 1080 Surigao DXKD 1053 Dipolog DXKP 1377 Pagadian DXXX 1008 Zamboanga DXKT 1071 Davao DXDX 693 General Santos
hand in hand since the project will be a redundancy later on, that when something happens to the indigenous side, you do have your transmission interconnection to augment and vice versa,” he said. Aquino was here
for the conduct of an information, education and communication campaign on the implementing rules and regulations of the executive order “creating the energy investment and coordinating council to streamline the regulatory
procedures affecting energy projects.” The EO decrees the implementation of logical, systematic, organized and speedy issuance of permits and clearances for energy projects of national significance within 30 days. (PIA XI-JSGD)
Opportunities opening up for Filipino workers via VA jobs DAVAO City -- Better opportunities await Filipinos going into virtual assistant (VA) jobs for Australian clients. “There is a large demand for VAs in Australia,” Says Linh Podetti, founder and director of Outsourcing Angel, a VA recruitment company based in Australia. Virtual assistants are independent contractor providing administrative services to clients while operating outside the client office. Many are usually engaged in secretarial or office management work. Podetti said that many small companies in Australia are looking to expand and the cheaper way is to look for outsourced VAs. She said many of the VAs are engaged in marketing while some are into accounting, bookkeeping, and graphics. The company
Outsourcing Angel helps recruit potential VAs and matches them with clients. It also trains VA prospects and orients the companies hiring the VAs. It has employed 60 Filipino virtual assistants with 12 VAs in Davao City. “We are looking for people who are definitely, honest, friendly, love what they do, hardworking and who do not look at money before work,” Podetti said. She said the VA job is an equal opportunity employment, as it doesn’t discriminate age, sex or disabilities. “We have VAs who are 50 and 60 years old,” Podetti said. “Some of the VAs started at around 18 and 19 years old.” A VA for an Australian client earns around Aus$ 600 (P22,800) to Aus$ 1,500 (P57,000). VAs don’t have
fixed working time, depending on the client’s package. Some clients can have 10 hours a week, 20 hours a week or 40 hours a week. The company can also adapt to the work schedule of the VA. Among the advantages of VAs are flexible working time, the ability to work anywhere. “If you are a mother, if your kid got sick you don’t have to seek the permission of your boss to be absent from work. Because you can work at home,” Podetti said. Aside from having laptops or computers the minimum internet speed for a VA is about 2 mbps. The software used in VA work is supplied by the client. “Our goal right now is not just to get more VAs for us we just try to help more people become VAs and encourage you to be a VA,” Podetti said. (PIA/ RGA)
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
Advertising and Editorial E-mail : email@example.com Contact nos. : 0917-7121424 • 0947-8935776
Wednesday|May 16, 2018
Hirna says no plans to enter Metro Manila HIRNA Mobility Solutions, Inc. started offering transportation options last month when it was accredited by the Land Transportation Franchising and Regulatory Board (LTFRB) as a transport network company (TNC). But unlike most TNCs, it offers a solely taxibased solution, because it believes fixing the public transport system is the real answer to solving traffic congestion. “Hirna was formed primarily to help elevate taxi services in key cities outside Manila. As having a more efficient public transport system is the
real solution to traffic congestion and reducing carbon footprint,” Hirna President Francisco Mauricio said. The taxi-hailing application has been operational since April. In Davao City, it has about 4,000 taxi units and more than 5,000 drivers. Unlike the dominant player Grab Philippines, Hirna has no booking fees and surge pricing, and gets revenues from the subscription fees of its taxi operators. Mr. Mauricio said it has not decided whether or not the company will follow a transport network vehicle service (TNVS) model in hirna/PAGE 11
SMC food and beverage unit ramps up 2018 expansion
AN Miguel Food and Beverage Inc. (SMFB), the now consolidated food and beverage subsidiary of diversified conglomerate San Miguel Corp., announced that its ambitious expansion plans are in full steam, as it counts on a robust economy to propel its growth this year. San Miguel Pure Foods Co. Inc. (SMF) President Francisco Alejo III said its expansion projects in feeds, poultry and meats, flour and processed meats are in
full swing, with a number of them expected to be ready for commissioning by the end of 2018. “The other expansion programs that we have are in advanced stage… So we expect that these new capacities will really help the company sustain its profitability going into the future,” he said during the company’s stockholders’ meeting on Friday. SMF, now officially named SMFB, posted a 12-percent increase in consolidated revenues to PHP29.8 billion in the
first quarter of 2018 on the back of the continued strong growth momentum of the poultry and meats and value-added meats businesses. Its net income, however, declined 7 percent to PHP4.1 billion due to preoperating expenses due to expansion, as well as market losses in the movements of the foreign exchange (forex). “We expect for 2018 that we will be able to sustain our profitability coming from 2017,” said Alejo.
In 2017, the firm’s net income surged by 16 percent to PHP6.91 billion from PHP5.98 billion the previous year. “We are all looking at the robust economy of the Philippines, first quarter was 6.8-percent growth already. With all the infrastructure spending hopefully, a lot of employment will be created and it augurs well with our type of products. There is high spending on food, 40 percent of disposable income is on food so it’s quite huge,” he added. (PNA)
PLDT skeptical about sharing cell towers with competitors TELECOMMUNICATIONS firm PLDT Inc. is not too keen about sharing its cellular towers with competitors, especially since this may open the door for just any new industry player to use them in their network rollout. “Our position for this time is we don’t see the need to share our network elements, including the towers,” PLDT Chairman and Chief Executive
Officer (CEO) Manuel V. Pangilinan said in a press conference Thursday. This was in reaction to the proposal of its corporate rival Globe Telecom to jointly create an independent tower company that will expedite the installation and deployment of cellular towers to further improve Internet services. Pangilinan’s statement is seen by industry observers as an outright
turn-down of Globe’s offer. PLDT said any new tower should be erected in areas where a given telco has an ongoing network rollout, as it raised concerns about the costs of their construction. “We always say to government that we will support efforts towards opening a tower-sharing business for third parties but it must be on the basis that we will not be forced to lease those towers; it has
to be on a voluntary basis and must be consistent with our network rollout -- in areas where we want to put our cell sites and base stations,” according to PLDT Head of Regulatory Affairs Ray Espinosa. “Our existing towers are not forced by the government to be sold to third parties. These towers belong to us and are purpose-built already intended to support the unique requirements of
our network. It cannot be shared anymore with another party. The decision on whether to unload our towers is a financial question,” he added. PLDT has allocated PHP58 billion as capital expenditures for this year for the rollout of its fixed and mobile networks Globe has begun its discussions with independent third parties for the creation of a tower
company that will help hasten the deployment of cellular towers in the country. It has likewise reached out with PLDT for a towersharing venture that will help reduce the costs of installing communication facilities in the country. The envisioned towers to be erected will be opened for lease to new and existing players in line with the government’s pldt/PAGE 11
Advertising and Editorial E-mail : firstname.lastname@example.org Contact nos. : 0917-7121424 • 0947-8935776
Wednesday|May 16, 2018
PH DNA: shifting currents
HOTLINE Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO
ALLAN mario MEDIANTE
Vice President for Corporate Affairs
RUFINO T. MAGBANUA
Vice President for Business Development
Vice President for Administration
JOHN AARON M. DEL BANDO
Vice President for Marketing
Vice President for Digital
NELSON CONSTANTINO Editor-in-Chief
gilbert y. chao
Regional Editor - Caraga
Cris diaz (on leave) ATTY. antonio s. soriano mike baños 2f, ICS Building BONG FABE Tel.No.: 881-0176 Contributing Tiano cor. Montalvan sts. Editors Legal Counsel CLIFFORD SANTILLAN Layout Artist
Jenny rodas era mae deloso Advertising
ATTY. MARIO T. JUNI
Cell No: 09352379999
Juni Law Office Cruz Taal St., CDO Legal Counsel
Ruffy magbanua “ We s h o u l d m a k e t h e Philippines a cashless society. Cashless society (means) no corruption, life is easy.” – Jack Ma, Founder of Alibaba PANGLAO, Bohol --Finally, the country’s economy has shifted currents like the smooth, silky sea waves of this summer hideaway. And as we come close to
Kakampi mo ang batas
LIFE’S INSPIRATIONS: “… I know that there is nothing better for people than to be Member: happy and to do good while they live. That each of them Philippine Press Institute may eat and drink, and find satisfaction in all their toil Oro Chamber --this is the gift of God…” (Ecclesiastes 3:12-13, the Holy Bible). -ooo LANDS IN BORACAY, STILL GOVERNTMENTOWNED UP TO NOW: Do had been riding a while when think a minute David said: “Mister, would you you know the basis of President mind driving in front of my Duterte in announcing that house?” Paul smiled, thinking David wanted to show his friends that he was riding in a new car. David asked Paul to stop in front of a certain house. hints and traces The boy jumped out of the car and ran into the house. A few minutes later, Paul saw David coming back out jhan tiafau hurst carrying his crippled, little brother. He carefully sat his Think a minute…This is a true brother down on the steps in story about a man named Paul front. Sitting down next to his whose brother gave him an brother, David pointed to Paul’s early Christmas present. It was new car. He said to his brother: a brand new car! A few days “See that car, Buddy! This roy cimagala later, Paul was leaving work to man’s brother gave it to him go home on Christmas Eve. A for Christmas. And someday, boy named David was standing I’m going to give you one just If we are truly serious with by Paul’s shiny new car. He like it. Then you can ride in our faith, then we have to said: “Sir, is this your car?” Paul it and see for yourself all the realize that our faith should answered, “Yes, my brother nice Christmas things in the not just be an intellectual gave it to me for Christmas.” stores that I’ve been telling you affair, lived and pursued David looked surprised. He about.” only in the spiritual world said: “You mean your brother Paul got out and lifted of go o d intentions and gave it to you so it did not cost the crippled, little brother on right doctrine. It has to you anything? Wow! I wish…” to the front seat of his new involve a basic element of But the boy stopped, and didn’t car. David climbed in beside our humanity, and that is finish his sentence. Paul knew his brother, and the three of our feelings, our emotions David was going to say he them went on a very special and passions. wished he had a brother like and unforgettable Christmas O u r C ate chis m tel ls that. But he was so surprised ride. That Christmas eve, Paul us that our emotions and when the boy said: “I wish I finally understood what Jesus passions are “movements of could BE a brother like that!” Christ meant when He said: the sensitive appetite that Paul then asked David if he “You’ll be much happier and incline us to act or not to would like to ride in his car. more blessed when you give act in regard to something “Oh, Yes!” he answered. “I’d love than receive.” felt or imagined to be good to!” Paul and his new friend Just Think a Minute… or evil.” (1763)
A brother like that
day without let up. With half way through in 2018 , do we still have that feel of being pregnant optimists ? Optimism they say, are positive characteristics that increase our overall happiness and promote positive wellbeing at the same reducing depression and chronic stress. Optimists are grateful and thankful for all their blessings. They don’t complain when something bad happens. They feel that nothing can hold them back from achieving success and reaching their goals. They believe in abundance, and optimists are confident that the world offers plenty of opportunities for everyone to succeed. Optimism therefore is a
skill of emotional intelligence. Po s i t i v e t h o u g h t s , a n optimistic outlook, and ov e r a l l h ap p i n e s s c a n advance our struggle to become a nation of peace and prosperity. As we count the days of 2018 , what optimism can we look forward in 2019? A noted economist had painted good reasons to be optimistic based on the significant positive gains registered by the national economy in the last two years. We had an awful stuff that happened over the last 12 months, the worst was the war in Marawi, but we had managed to stay alive and well, kicking our dirty ass. Basically, we are a bunch of hardy people with an shifting/PAGE 11
SC: Boracay lands still gov’t owned up to now
manila office: 9th Floor, Unit 918, CityLand Herrera VA Rufino Cor. Valero St., Salcedo Village, Makati City Tel. # : 5555392,Cell No.: 0977-152-8860 lani vallido-Marketing Manager
The BusinessWeek Mindanao is published by BusinessWeek Mindanao Corporation every Monday to Friday with office address at Tanleh Building, Abellanosa, Cagayan de Oro City. It is registered with the Securities and Exchange Commission under Company Registration No. CS201531633 with BIR Certificate of Registration No. 2RC0000831068, TIN No. 463-826-272-000 – VAT. Reg., and with Business Permit No. 2017-02942. Tel. Nos.: (088)856-3344, 0923-432-0687, 0917-7121424 Website: www.businessweekmindanao.com E-mail : email@example.com
the SONA of the President, it’s time to wrap up the good and discard the bad. We have seen the best and worst in the two years of the Duterte administration --- all those things that had brought out the best and the worst in us as a nation struggling to catch up with the rest of the ASEAN economies. What is re-assur ing however is that even the worst phase in our lives can change into the most amazing one with great optimism. And what is good news is that the saturation point is not yet felt (not yet, literally!) when it comes to the war on drugs, the anti-corruption drive in the bureaucracy, terrorism in our midst, not counting the burning issues that come day after
after Boracay is all cleaned up he will give the island to the residents and the farmers there, and no longer to the rich businessmen and the others who somehow managed to secure titles or tax declarations in their names or their relatives over choice lots in the world-class island beach resort? It turns out there is a joint decision that the Supreme Court issued in October 2008 yet, which declared that the government continues to own the whole of Boracay, considering its classification as an “unclassified public forest”, or a piece of land that cannot be titled, in any of its area, in favor of any private individual. The joint decision of the high court was made by it in two cases: G. R. No. 167707, which was entitled “Secretary of the DENR, et. al. vs. Mayor Jose Yap, et. al.”, and G. R. No. 173775, entitled “Dr. Orlando
Sacay, et. al. vs. Secretary of the DENR, et. al.”. The joint decision was issued by the Supreme Court on the same day---on October 08, 2008. -ooo S C : BU S I N E S S M E N OCCUPYING LANDS IN BORACAY CAN’T BE RECOGNIZED AS OWNERS: It is a lengthy joint decision that the tribunal issued in G. R. No. 167707 and G. R. No. 173775, but it came up with, and established, amazing legal points regarding Boracay. To those who are interested to know these points, what I intend to do here at Kakampi Mo Ang Batas is to focus on them one by one, until such time we shall have fully covered all items that the Supreme Court discussed in its decision. Now, the first important and vital point that everyone should understand about Boracay is this: according to the Supreme Court, the
businessmen and other people who occupied various lands in Boracay, and who now claim they should be given prior recognition as the lawful owners or possessors of what they have occupied or where they have put up structures for their businesses, have actually no right to be so recognized. Even if businessmenclaimants are claiming they have already invested hundreds of millions of pesos on the lands they have been utilizing for their business enterprises in Boracay, their right as owners can not simply be accepted, the Court said. Whatever degree or length of possession they may have already enjoyed over those lands through the years will not yield any legal right in their favor, it added. -ooo BORACAY REMAINS TO BE “UNCLASSIFIED boracay/PAGE 11
Educating our emotions and passions As such, we can say t hat ou r e mot i ons and passions play an important and crucial role in our life. And that’s why we have to take pains in forming them well. We just cannot be complacent with this responsibility. In fact, the Catechism tells us that our emotions and passions are “natural components of the human p s y c h e ; t h e y f or m t h e p ass age way and ensure the connection between the life of the senses and the life of mind.” (1764) Our emotions and passions therefore ser ve as a link between our body and soul. They are where we materialize what is spiritual in us, and spiritualize what is material in us. As such, they create a rich texture in our lives. They create the consistency proper to us as a person and as a child of God. They also help to give focus on our judgments, modulate our will, and add sensitivity to our reasoning.
In other words, they play a decisive role in achieving ahappy and fully human life. They contribute to achieving the full potentials of our humanity. But given the wounded condition of man, our emotions and passions need to be purified and thoroughly educated. T he y shou l d not b e allowed to just develop at t h e i ns t an c e of ou r hormones and instincts, for example, and the many other blind or short-sighted impulses and trends in our social, cultural, economic, or political environment. They need to be reined in, to be guided and given direction. Obviously, the guiding principle should be our faith, hope and charity which truly define us as a person and a child of God. In other words, our faith, hope and charity tell us who we really are, what the purpose of our life here on earth is, how our f reedom should b e sourced and oriented, etc.
They provide us the moral principles that should guide the way we use our emotions and passions. The common problem we have in this regard is that many people are not clear about where we can have the ultimate source of knowledge and wisdom a b out ou r s e l v e s . S om e rely on some ideologies, fashions and trends. Others just seem drift to wherever the world currents would take them. Of course, given our wounded human condition, to educate our emotions and passions properly we need to ask for grace and rely more on the supernatural means without belittling in any way all the human means we can avail of. We h a v e t o p r a y, offer sacrifices, avail of t hes acraments, have devotion to Our Lady and the saints. Then we trulyhave to study a lot and go through the process of developing virtues. educating/PAGE 10
Banking&Finance 5 DOF: Tax reform fueling PH growth Advertising and Editorial E-mail : firstname.lastname@example.org Contact nos. : 0917-7121424 • 0947-8935776
Wednesday|May 16, 2018
HE Department of Finance (DOF) said the first package of the Tax Reform for Acceleration and Inclusion (TRAIN) Law provides ample fiscal space for the government to fund programs that support economic growth. In its Economic Bulletin on GDP, the department said Package 1 of the TRAIN Law will bring in additional resources for the government to finance its Build Build Build Program,
as well as greater spending on social services. “These investments are gamechanging in the sense that they catalyze further investments, which, in turn, drive investmentled growth, generate meaningful employment, and subsequently reduce poverty,” the DOF said. On Thursday, government data showed that gross domestic product (GDP) in the first quarter of 2018 grew by 6.8 percent, led by industry at 7.9 percent, services at 7 percent,
and agriculture at 1.5 percent. The DOF noted that aside from strong household consumption, government consumption was also robust in Q1 2018. Government consumption increased by 13.6 percent in Q1 2018, a big jump from Q1 2017’s growth of 0.1 percent. This also surpassed household consumption in January to March 2018, which grew by 5.6 percent compared to the same period last year.
Government data also showed that tax revenues increased by 14.3 percent in the first three months of the implementation of the TRAIN Law, higher than the 13.4-percent increment in tax revenues in the same period last year. The TRAIN Law provides new sources of tax collection for the government, such as excise taxes on oil products, automotive vehicles, and sugarsweetened beverages.
The additional tax collection is intended for the government’s Build Build Build Program to improve infrastructure and connectivity throughout the archipelago, as well as enhance the quality of the local workforce by investing in human capital development. “Strong macroeconomic fundamentals, such as strong external position and ample fiscal space, will continue to sustain the momentum for high growth,” the DOF said. (PNA)
More taxes on ‘sin’ products mulled RCBC net income THE Department of Finance (DOF) said the government will still push for higher taxes on the so-called “sin” products despite its inflationary effects. Finance Secretary Carlos G. Dominguez III said that raising prices of sin products, particularly cigarettes, is “the right thing to do,” considering their harmful effects on public health. “Yes because it’s the right thing to do,” Dominguez told reporters when asked if the DOF would still seek for the increase in excise levies on cigarettes even it pushes the country’s consumer price index (CPI) higher. “Just because you’re
going to get a bad reaction that doesn’t mean you’re going to stop,” the finance chief said. In April, inflation, or the rate of increase in consumer prices, accelerated to another fiveyear high at 4.5 percent mainly on higher costs of alcoholic beverages and tobacco, which jumped by 20 percent. Last month’s inflation rate brought the year-todate average to 4.1 percent, slightly above the full-year target of 2.0 percent to 4.0 percent. In January, Dominguez said that higher taxes on cigarettes and alcoholic products will be included in the Duterte administration’s new
tax reform bill, or the “package two plus.” Dominguez explained that package two plus is not a new measure, noting that the plan to impose higher taxes on sin products is part of the government’s comprehensive tax reform proposals. There are currently pending bills in Congress seeking to raise the excise tax rates on cigarettes. Asked what proposal the DOF is supporting, Dominguez said they are backing Senate Bill No. 1599, or the measure authored by Senator Emmanuel “Manny” D. Pacquiao. The bill of Pacquiao proposes to increase the
tobacco excise tax by at least 100 percent this year and raise the succeeding annual increases from 4.0 percent to 9.0 percent. “He [Pacquiao] has a measure in there which conforms to ours. We will support his measure,” Dominguez said. Earlier, JT International (Philippines), Inc. urged the Duterte administration to address the growing number of smuggled cigarettes in the country before introducing another increase in sin taxes. Manos Koukourakis, JTI Philippines managing director, said that billions of tax revenues are being lost by the government owing to cigarette taxes/PAGE 10
climbs 13% to P1.1 B RIZAL Commercial Banking Corporation posted a 13.1 percent increase in unaudited consolidated net income to P1.1 billion for the first quarter of 2018 from the P1.0 billion earned in the same period last year. In a statement, RCBC said that net interest income rose 16 percent to P4.8 billion, bolstered by the bank’s vibrant lending business with total customer loan portfolio expanding by 18 percent to P370.9 billion. All market segments sustained their solid growth with 14 percent growth in corporate loans, 40 percent growth in SME
loans, 17 percent growth in consumer loans and 34 percent growth in credit card receivables. “I am pleased to report that the 1Q2018 results had a good start to the year. Robust loan growth of 18 percent and continued reduction in non-performing assets helped lead to a double-digit increase in our net income,” said RCBC President Gil A. Buenaventura. He added that, “we believe we are wellpositioned for a strong year, the quarter is on pace with the target income for 2018 and we look income/PAGE 10
6 Security Bank launches Asia Pacific investment fund Advertising and Editorial E-mail : email@example.com Contact nos. : 0917-7121424 • 0947-8935776
Wednesday|May 16, 2018
Security Bank Corporation (SBC) has introduced a new type of investment vehicle which allows the public to invest in highly profitable companies across the Asia Pacific region. The SB Asia Pacific Equity Feeder Fund, a dollar-denominated unit investment trust fund (UITF) feeds into an off-shore fund which is managed by Mitsubishi UFJ Trust and Banking Corporation, the trust banking arm of Mitsubishi UFJ Financial Group (MUFG). The fund enables Wealth Management clients and retail investors who have the appetite for global investments achieve capital growth by investing in companies that can achieve longterm, stable and abovemarket earnings growth. “Through our partnership with MUFG, we are opening more opportunities for our clients to venture outside the Philippine market and invest in one of the most exciting and most promising regions in the world,” said Security Bank President & CEO Alfonso L. Salcedo, Jr. A UITF is a pool of investments funded by various investors. Security Bank’s line of
funds, which are also available for institutional investors, are designed to provide diversified investment exposure based on different risk and return objectives of investors. An experienced investment team in Singapore selects companies through detailed and extensive analysis according to specific criteria suited to investing in Asian companies. The companies that the fund has already invested in include the Chinese techgiants Tencent Holdings and Alibaba Group and South Korea’s Samsung Electronics. “We assess companies with above average earnings growth and below average earnings volatility to consistently earn attractive long-term returns. Our strategy is backed by a quantitative tool that allows us to build a universe of stocks that match our investment philosophy,” Mitsubishi UFJ Trust and Banking Corporation Co-Chief Fund Manager for Asia Pacific ex Japan Equity Stable Growth Fund, Ernest Sutanto said. Through the SB Asia Pacific Equity Feeder Fund, Security Bank is
offering their Wealth Management and retail clients the chance to reap significant gains from one of the fastest growing economic regions in the world, backed by the rapid growth of emerging economies within the region such as China. “We expect to see more upside in Asia Pacific in the coming
months since there are strong corporate earnings, growing at more than 12% next year while the current valuations has a premium 15 times greater than their average earnings,” Sutanto said. “China’s GDP is also expected to grow above 6% while Chinese companies will be seeing better margins
with the supply reforms and initiatives by the government,” he added. Security Bank said investors may take advantage of the strong US dollar against Philippine peso through the dollar-denominated equity investment. Individuals may invest for a minimum amount of USD 1,000 for retail
investors and $5,000 for Wealth clients to avail of the UITF. For more information on the Asia Pacific Equity Fund or other UITFs, contact Trustmarketing@ securitybank.com.ph or call 888-7372 / 7371. Visit https://www. securitybank.com/ apacfund/ for more information.
Newly-crowned Mutya ng Mother Ignacia 2018 Clairegen Paler (third from left) smiles while being flanked by her runners-up and predecessor. Mother Ignacia is a gated village in upper Carmen, Cagayan de Oro City. photo supplied
Duque backs HIV-AIDS info drive in youth elections' platform Health Secretary Francisco Duque III said Friday the upcoming Sangguniang Kabataan (youth council) election can also be an opportunity for the youth to broaden the campaign on the public awareness on HIV-AIDS prevention in the country. “It might be appropriate in this upcoming barangay election to use the platform to make a broader campaign, with regards to how HIV-AIDS can be prevented,” Duque told a press briefing at the Department of Health (DOH) in Manila for the upcoming International AIDS Candlelight Memorial Day on May 18. Since the DOH is working with the National Youth Commission (NYC) in the HIV-AIDS prevention campaign, the health chief said he does not see anything wrong if SK candidates would use HIV awareness and prevention programs as one of their platforms. Duque emphasized the importance of disseminating correct information on HIV prevention among young
people. “We have to be able to target this and increase the level of HIV transmission knowledge because quite unusually we found out relatively that the knowledge of HIV transmission seems to be very low among the MSMs (men having sex with men) subset of PLHIV (Persons Living with HIV)," he said. He cited the importance of being aware about HIV-AIDS, transmission, prevention, detection through screening and linking them to proper care if they test positive. From January 1984 to March 2018, the number of individuals in the Philippines diagnosed with HIV stood at 53,192. Among those diagnosed from January 2001 to December 2005, the predominant age group was 35-49 years old. However, from January 2006 to March 2018, the trend shifted to the 25-34 age group. The proportion of HIV positive cases in the 15-24 age group increased from 25 percent in 20062010 to 29 percent in 2011-2018. (PNA)
BusinessWeek MINDANAO CREDIBLE
Editor: GILBERT Y. CHAO
Wednesday | May 16, 2018
Hino Displays Modernized Jeepney Prototype at LTO Motorshow 2018
ino Motors Philippines (HMP), the exclusive distributor of Hino trucks and buses in the Philippines, upgrades its public utility vehicles product lineup to offer modernized jeepneys in line with the government’s modernization program. From design to production, Hino takes pride in its modern jeepney prototypes, which are developed in compliance with the PUV modernization requirements. Filipinos can expect the same premium product and service quality Hino trucks and buses have been known for. As a one-stop shop for trucks and buses, Hino provides various customization solutions for a wide range of clients from small and medium enterprises (SMEs) to local government units. With the current administration keen on improving the transport system with its PUV modernization program, Hino sees an opportunity to further serve the Filipinos by developing greener and more efficient public transport options. One of Hino’s designs is the PUV Class III 4-wheeler with a 6-meter chassis. Designed like a mini bus, this modern jeepney has a seating capacity for 19 passengers with one entry and exit point. The interior is patterned after the conventional jeepney, with
the seats facing each other. The layout provides ample space in the middle to accommodate passengers, especially those who will not mind standing during the ride making it available to 26 commuters. Another Hino modern jeepney prototype is the Hino Class III model. This mini bus type has ample room for frontfacing passenger seats, secured with seatbelts for additional safety. It has Denso air-conditioning system to ensure comfort for the passengers, in particular during hot summer days in the country. A total of 23 passengers can fit in the Hino Class III jeepney. Compliant with the guidelines set by the PUV modernization program, Hino’s jeepney prototypes were manufactured according to the dimensional limits set by the PNS 2126:2017 standards of the Bureau of Philippine Standards. This is the classification of the modern PUVs, which come in four classes — Class 1 PUV, Class 2 PUV, Class 3 PUV and Class 4 PUV —based on vehicle size, seating capacity and driving environment. Hino’s commitment to ensuring the safety of its passengers in every commercial vehicle it manufactures extends to the modern jeepney prototype. These modernized jeepneys make use of the latest technology to guarantee safe driving and riding. They feature a speed
limiter, GPS, CCTV and dashboard-mounted camera. They also adopt the Beep card system, allowing the driver to stay focused on the road. Hino has been actively participating in different expositions
to showcase its modern jeepney prototypes. Its variants of the PUV 4-wheelers for Class II and III in AC and non-AC versions were displayed during the recent Motor Show 2018 at LTO East Avenue, Quezon City.
Hino also participated in the recent Public Transport Modernization Expo organized by the Department of Transportation. “Hino is excited to provide the Filipinos with an even better version of
our iconic jeepney. Our goal is to contribute to the improvement of our current transport system and make it sustainable while addressing the needs of our passengers,” said HMP Chairman Vicente T. Mills, Jr.
Honda joins Color Manila Paradise Run in line with One Dream Campaign Honda Philippines, Inc. (HPI) recently brought a splash of color to the still breezy summer in Southern Luzon as it ties up with Color Manila (CM) for one of the biggest colorful running events in the country. This followed-up the success of the first run in Clark, Pampanga last March 18 which excited around 2,000 runners. “We want to spread the excitement and fun in different cities in the Philippines,” said Mr. Jomel Jerezo, General Manager and Department Manager of the Motorcycle Business Planning Department of HPI during the first leg in Clark. “Through this, we can relate our products to the interests of the millennials through their fun lifestyle.” HPI sponsors five legs of the event, as with its current brand campaign ONE DREAM, Honda wants to bring the fun and youthful vibe of its most colourful Automatic (AT) model The New Honda BeAT that matches the
theme of Color Manila, as well as to support the active lifestyle of Filipino millenials. CM Paradise Run – Laguna Leg attracted around 2,000 runners who took part in the colourful fun run. It included three race distances in 3K, 5K, and 10K. The race was capped off with music from the DJ at the CM Color Festival where runners can have fun and dance while colored powders are thrown in the air. Aside from supporting CM’s goals, HPI also advocates helping lessprivileged children achieve their dreams through the said partnership in its Manila leg. The children will have the privilege to experience the fun that any young Filipino should have along with all the participating runners. Color Manila is open to interested runners for upcoming legs, starting with the Manila leg this May 27, the Cebu leg this June, and the Cagayan de Oro leg this August.
Wednesday|May 16, 2018
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
PBCOM Tiano-HayesSt. Cdoc | 726519/8571558 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. firstname.lastname@example.org 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- 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
FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415
The makers of FIRMAX3 is now available in Cagayan de Oro. RF3 World Philippines will have its CDO launching this Saturday, May 19 from 2:30 to 6:30 p.m. at Dynasty Court Hotel. The district center is made possible through district stockists Candy and Manny Darimbang. No less than the CEO/ president of the company Leizel Cais Porgosa will be here to grace the occasion. Other guest speakers during the whole afternoon affair are Drs. Gideon and Jelpha Robillos and motivational speakers Allan Taunan and Ejay Pardo. RF3 World Philippines is the maker of FIRMAX3. This is a multipurpose tropical cream that has been created forward of the different damaging effects caused by free radicals; prevent rapid aging by inhibiting fine as well as laugh lines, facial wrinkles, sagging skin together with arms amongst others. Manufactured by RF3 World, FIRMAX3 Firming and Lifting Cream is distinctive and there is no other product that has beaten its record ever since it was created. It is FDA approved, safe
and effective plus does not contain any element of artificial ingredients like preservatives, and flavors amongst others. In addition to improving our skin health, it also plays paramount roles is assisting in the general maintenance of our entire body system. How does it work By virtue of its cysteine content, that is converted by our body system into cysteine and later to glutathione – the master anti-oxidant of our body system; it’s able to neutralize plus inhibit the damaging effects that are caused by free radicals. More so, it offers our body system protective
functions by reducing the risks of development of skin cancer and the dangers of constant exposure to the ultraviolet rays of the sun. Ever since FIRMAX3 Firming and Lifting Cream was created plus introduced into different online and offline stores, we have received series of testimonies from a countless number of individuals that had invested in it, and guess what… these individuals are testifying of how it has helped to rejuvenate & maintained also improve their skin tone. The firming and lifting cream was created plus introduced into different
online and offline stores, we have received series of testimonies from a countless number of individuals that had invested in it, and guess what? These individuals are testifying of how it has helped to rejuvenate and maintained also improve their skin tone. The immense wealth of health benefits associated with the regular usage of FIRMAX3 Firming and Lifting Cream is without a doubt, extremely boundless. It gets our skin detoxified by getting rid of foreign and harmful toxins, heavy metals and unwanted materials. Unlike most other multipurpose tropical creams, it prevents sagging skin and arm, fine as well as laughs lines plus wrinkles etcetera. Considering its antioxidant properties, it can perfectly protect our cell membranes and other fat soluble parts of our body like low-density lipoprotein cholesterols from being prone to damages. This is because it is only when LDL get damaged that cholesterol appear to result in heart disease or attack and FIRMAX3 is an essential anti-oxidant protector of LDL. Why not try it today.
BDO wins Best Retail Social-Media Banking Experience for 3rd straight year BDO Unibank was conferred with the Best Retail Social-Media Banking Experience award by Hong Kong-based financial publication The Asset during the Asset Triple A Digital Awards 2017, a recognition the bank has received for the third straight year. The prestigious award was anchored on the Bank’s “Kabayan Initiative,” a plan aimed at establishing an interactive communication channel with its Kabayan clients—composed of Overseas Filipinos (including seafarers) and their respective
beneficiaries—through social media. The Sy-owned universal bank currently has multiple digital touchpoints by which clients can utilize to communicate or transact with the bank. Among these include online banking, mobile banking, and electronic banking channels, as well as a dedicated website and an official Facebook account. For Facebook in particular, BDO has actively used this platform as a digital marketing retail/PAGE 10
SECURITY BANK- LKK Limketkai | 8801258/8801625
EAST WEST BANK #5 Juan Sia Bldg. Apolinar Velez St.Cdoc 8578801/720081
ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395
FIRMAX3 now available in Cagayan de Oro
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
Members of Cagayan de Oro Talent Center presents a Hawaiian number during a summer presentation last Sunday at Gaisano Mall. photo by mark francisco
Wednesday|May 16, 2018
Roadtrip must-haves from Ace Hardware
These Armor All Original Protectants will help keep your car clean, shiny and free from corrosion.
Summer is the time when road trips rule. So, whether you are planning an outof-town getaway, a drive through the countryside, or simply a tour of city hotspots, make sure that your car is safe and comfortable with ACE Hardware’s cool automotive stuff. There are Armor All car care products to keep your car clean, shiny, and Red X 2 ton hydraulic jacks to easily lift your car when changing a flat tire. Dub Project compact universal car covers, on the other hand, will make your ride cool and comfortable, as they protect you from UV rays, rain, and
dirt. Keep connected on the road with Type S magnetic phone holders which are fully adjustable with 360 degree rotation for optimal viewing and Type S dual USB and socket chargers with power controls to charge your smartphones, tablets, MP3 players or any other electronics on the go. Simply plug into your vehicle's 12V outlet to use. These car great gears are available at selected ACE Hardware, ACE Express and ACE Builders stores nationwide. Visit our website at www.acehardware.ph or like us at www.facebook/ acehardwarephilippines.
This Type S Magnetic Phone Holder is fully adjustable with 360 degree rotation for optimal viewing and can be placed in the windshield or dashmount of any vehicle.
When you’re in Davao City, Read:
HOTELS & RESORTS DIRECTORIES
VILLA MARGARITA HOTEL J. P Laurel Avenue, Bajada, Davao City, Philippines Tel. No.: (082) 221-5674 / Fax No. (082) 226-2968 MICROTEL By Wyndham Davao Damosa Gateway Complex Angliongto Rd., Lanang Davao City 8000, Philippines Tel +63 82 233 2333 / Mobile +63 917 795 3548 www.microtelphilippines.com PINNACLE HOTEL Sta. Ana Avenue, Davao City. No. (082) 300-5885 Telefax: 300-1881/ 221-3025 Website: www.thepinnaclehotel.com ALU HOTEL M. Roxas Avenue corner Padre Faura Street, Davao City. Tel No (63 82) 221-5232 / Mobile (O943) 652 3927 Email: email@example.com firstname.lastname@example.org / www.alu-hotel.com GRAND REGAL Km 7 Lanang, Davao City, Philippines Tel. 235-0888 / Fax 235-2335 email: grandregalhotelegmail.com VIAJEROS ECONOMY HOTEL Patnubay St., Sandawa, Matina, D.C Tel. No. 297-5710 / Telefax (6382) 298-5134 Mobile: 0922.-8268425 Website: www.viajeroseconomyinn.com ROYAL MANDAYA HOTEL J.Palma Gil St., Davao City 8000 Phils. Tel. No. (082) 225-8888 / fax No. (082) 225-1885 email@example.com www.theroyalmandayahotel.com HOMITORI Bangoy Street corner Santa Ana Avenue, Davao City Tel. No. (082) 295-2969 & 295-2471 / Mobile: (0922) 8994646 Email: firstname.lastname@example.org or Like us on www.facebook.com/pages/Homitori-Davao
Type S 12V Twin USB & Twin Sockets Charger with Power Control.
EcoWaste Coalition Promotes Creative and Safe Recycling of Poll Campaign Materials Now that the people have spoken through ballots cast in yesterday's Barangay and Sangguniang Kabataan polls, the EcoWaste Coalition today drew attention to a practical opportunity for citizens to trim down campaign trash disposal through creative and safe recycling. Instead of dumping or burning campaign discards, the zero waste advocacy group urged the public to think out
of the box and find ways to extend the life of used campaign materials such as leaflets, sample ballots, and posters. “Sorting the campaign materials into paper, cardboard, plastic and other classifications will help in finding new uses for them," said Daniel Alejandre, Zero Waste Campaigner, EcoWaste Coalition. "Reusing, repurposing or recycling the campaign materials will conserve
valuable resources from being wasted, while reducing the volume of discards requiring disposal and its associated costs," he said. To foster creative and safe recycling, the EcoWaste Coalition today organized a simple DIY (do it yourself ) event featuring innovative and functional ways of reusing campaign materials. With the re-opening of classes just around the corner, cardboard posters
can be transformed into useful school supplies like book cover, bookmarks. envelopes, folders and name plates, as well as teaching aids like flash cards and "tell the time" clock. With some imagination, cardboard posters can be made into decorative items like picture and mirror frames and ref magnets. Candidates' publicity flyers and sample ballots recycling/PAGE 10
DOE: Energy Situation Normal on Election Day Energy Secretary Alfonso G. Cusi today disclosed that the power supply situation during the synchronized Barangay and Sangguniang Kabataan (SK) elections on Monday was generally normal except for isolated tripping incidents in some areas which were immediately responded to by technical personnel on standby. Cusi said the Department of Energy (DOE) would remain on a heightened alert status until all the votes in the local elections have been canvassed. The Energy Task Force
Election (ETFE) led by the DOE carried out 24-hour monitoring of critical power facilities for the continued delivery of electricity services during the polling period. The National Power Corporation (NPC) said there were no outages reported by NPCowned power plants and independent power producers. Casecnan and San Roque were placed on economic shutdown by NPC System Operations due to low water elevation, but this did not affect the power supply chain during the election period.
As to transmission lines, only the D2: La Trinidad-Sagada 69kV Line auto-tripped and auto-reclosed at 3:55 p.m. on 14 May. System peak demand during the polls stood at 8,636 megawatts (MW) for Luzon, 1,720 MW for Visayas and 1,458 MW for Mindanao at 7:00 p.m. with total available capacities at 16, 462 MW including stable reserve capacities. The National Electrification Administration (NEA) also reported normal situation in most electric
cooperatives with minor power interruption in some areas. In the Manila Electric Co. franchise area, there were no major troubles experienced between 10:00 p.m. of 13 May up until 7:00 p.m. of 14 May, with only minor outages involving distribution feeder segments that temporarily affected power supply to only 15 polling precincts in Hagonoy, Norzagaray and Sta. Maria in Bulacan; Antipolo and Binangonan in Rizal; and Pasay City. Meanwhile, despite normal/PAGE 10
BIG APPLE HOTEL Brgy. Angliongto, Lanang, D.C. Hotline Nos.: (082) 234-8459 Facebook account: email@example.com Email: firstname.lastname@example.org
THE PERIDOT SUITES Carmelite Drive, Lanang, Davao City Tel. no.: (082) 305-6530 / Fax no.: (082) 305-38I2 Email: email@example.com AZIENDA MEO APARTELLE 11 Corner Pioneer and Doña Vicenta Village, Phase 1, Davao City Telefax. No: (082) 227-4119 & 284-6689 Cell Phone No. 09256652626 Website: www.aziendameo.com Email Add: firstname.lastname@example.org Big 8 Corporate Hotel Visayan Village, National Highway, Tagum City Mobile nos. 09173029063 & 09328539372 Tel. No.: (084)216-0888 Email: email@example.com www.facebook.com/big8corporatehotel.com www.big8corporatehotel.com HOTEL ELENA Avenida Santos Ave., Nova Tierra Vill, Lanang, D.C Tel. Nos. (082) 233-1941 & 305.8799 / fax No. (082) 233-1887 PARADISE ISLAND Tel. No. (082) 233-0251 & 300-2343 / CP No.: 09209546780 E-mail: firstname.lastname@example.org MARCO POLO DAVAO C.M Recto St., Davao City email@example.com www.marcopolohotels.com (63 82) 221-0888 HOTEL ESSE Brgy. 9-A F Torres Street, Davao City Hotline: No: 227-37-73 / Fax: 295-34-85 Website: www.hotelessedavao.com.ph Email Add: firstname.lastname@example.org RUEMANGO APARTELLE & SUITES 516 Mangga St., Juna Subd., Matina, Davao City email@example.com www.ruemango.com Tel. Nos.: (082) 295-7175/ 295-7180
Wednesday|May 16, 2018
Educating... from page 4
Phoenix Petroleum earnings up 65% as revenue grows 107% in first quarter of 2018 Leading independent oil company Phoenix Petroleum Philippines, Inc. continues its momentum of growth as it posted an all time high quarterly revenue of P18.083 billion in the first three months of 2018, up by 107% from the P8.727 billion of the same period last year. The increase was driven by the 66% growth in total fuel volume sold, with major contributions from the Company’s new business segments – regional trading and supply arm PNX Petroleum Singapore Pte. Ltd. and Phoenix LPG Philippines Inc. Last year, Phoenix Petroleum acquired the local LPG business of Malaysia’s Petronas, and established the Singapore trading office. LPG has accelerated growth, as volume increased by 11% compared to the same quarter last year. The traditional fuels business continues to show strong organic growth, as Phoenix opened more retail stations and secured deals to supply to key accounts in the power, manufacturing, shipping, transportation, construction, and other industries. Another new business, Philippine FamilyMart CVS, Inc., increased its same store sales by 3% since its acquisition last January.
Family Mart is the country’s third largest convenience store brand, a franchise of Japan’s FamilyMart, with 65 stores mostly in NCR. Phoenix Petroleum grew its comprehensive net income for this year’s first quarter by 65% to P464.75 million from P282.31 million for the same period of 2017. This, despite the increase in finance costs related to new business acquisitions and aggressive network expansion, and the increase in cost of sales resulting from higher oil prices. “Our acquisitions are starting to add value, and we are realizing the synergies across our businesses, from fuels and lubricants to LPG, trading and supply, convenience store retailing, and soon, asphalt. We are looking at another banner year as we fully consolidate our new businesses and relentlessly pursue operational excellence,” said Phoenix Petroleum President and CEO Dennis Uy. Phoenix Petroleum recently broke ground for its asphalt plant in Batangas for Phoenix Asphalt Philippines, Inc., a joint venture with Thailand’s TIPCO Asphalt and PhilAsphalt Development Corp. The new company forms part of Phoenix’s strategy to complete its
petroleum product offerings and to optimize the expected growth in infrastructure spending of the government. Phoenix Petroleum increased its market share in 2017 to 6.2% from 5.7%, the highest increase among top oil players, and cementing its standing as the leading independent. The Company continues to expand its retail network as it opens more stations and refurbishes the look to a new and better design. Last January, it opened its 100th station that sports the new look, reflecting the company’s aspiration of becoming the next generation fuel company catering to the needs of the next generation drivers. In February, the company launched its upgraded fuels powered with Phoenix PULSE Technology. Available in all its fuel products, Phoenix PULSE Technology is a fuel additive with advanced cleaning and protection properties for enhanced power and acceleration. Phoenix Petroleum has also launched the Phoenix RCBC Bankard Mastercard that offers pulse-racing lifestyle rewards for motorists, such as 5% fuel rebate on Phoenix fuels.
This is how our e mot i ons and p ass i ons help us in achieving an inter ior f re e dom in a l l our ac tu at i ons. In t h is way, our emot ions and passions get purified and are elevated to the spiritual and supernatural level. This is also how our e mot i ons and p ass i ons would know what is truly important and necessary in life, what brings us to our eternal joy. This is how they avoid getting stranded in our merely bodily and worldly conditions.
Taxes... from page 5
smuggling, which he described as “becoming rampant throughout the country.” “Smuggling doesn’t pay taxes, risks jobs, plays badly with smokers’ health and creates a bad image for our country to the investors’ community,” Koukourakis said last January. Instead of raising excise taxes on cigarettes anew, Kou koura k is sug geste d “why don’t we go after the smugglers?”
Income... from page 5
forward to carrying this momentum.” Rizal MicroBank (RMB), the microfinance arm of the RCBC that provides financing requirements for micro and small enterprises, increased its outstanding loan portfolio by 33 percent year on year. RCBC Bankard has a strong and active card base of 602,000 in the first quarter of 2018, higher by 16 percent compared to the same period last year. The bank’s net nonperforming loan ratio for the first quarter of 2018 was at 1.17 percent, better than the 1.38 percent in the same period last year. Net interest margin (NIM) remained strong at 4.07 percent. To t a l g ro s s i n c o m e excluding impairment losses reached P6.5 billion with total other operating income reaching P1.7 billion or 26 percent of the total gross income.
Retail... from page 8
channel wherein clients can access information about the bank's products, services, current promos, and other finance-related topics. BDO launched its official Facebook page in 2014 to provide an avenue for current and potential clients to give their feedback about the bank, and for BDO to gather such information to further improve its products and services. In less than a year after its launch, the BDO Facebook page caught up with the Facebook pages of other banks and soon became number 1 in terms of total number of followers and engagements, registering more than one million followers by end2015.
To d a t e , t h e B D O Facebook has around 3.3 million followers. Soon thereafter, BDO launched the BDO Kabayan Facebook page to address a large market segment which was underserved at that time in terms of digital ser vicing—the Overseas Filipinos. Through the BDO Kabayan Facebok page, the bank was able to get in touch with its Kabayan account holders in different parts of the globe in a more targeted and customized manner.
Recycling... from page 9
can be turned into drawing, memo or scratch pads. As for the ubiquitous plastic tarpaulins, these sturdy campaign materials can be sewn into various types of bags, aprons, and organizers for carpentry and garden tools, letters and bills, etc. In addition, tarpaulins can also be reused as a sunshade for jeepneys, tricycles and pedicabs, or as a canopy for homes and shops. " H o w e v e r, p l a s t i c tarpaulins should only be repurposed for non-food and non-child applications as these often contain toxic additives such as cadmium, which may leach and contaminate the food or expose children to chemical hazards," reminded Alejandre who also noted that repurposing such tarpaulins as a stop gap measure. The EcoWaste Coalition had earlier advised poll candidates to use eco-friendly campaign materials, and to avoid those that contain hazardous substances such as cadmium-laden tarpaulins.
Normal... from page 9
the Magnitude 5.5 e ar t h qu a ke i n Su r i g a o del Norte and Magnitude 5.4 earthquake in Malita, Davao Occidental, there was no reported damage in both the transmission and distribution facilities in the affected areas. Members of the Energy Task Force Election are the DOE, National Electrification Administration, National Power Corporation, National Transmission Corporation, National Grid Corporation of the Philippines, Philippine National Oil C ompany, Power Sector Assets and Liabilities Management Corporation, Philippine Electricity Market Corp. and Manila Electric Company. Supporting organizations i nclu d e t he Ph i l ippi ne Rural Electric Cooperatives Association, Inc., Philippine E l e c t r i c P l a nt O w n e r s Asso ciation, Philippine Independent Power Pro ducers Ass o ciat ion, Retail Electricity Suppliers Asso ciation, Philippine Inst itute of Pet roleum, Independent Philippine Pe t r o l e u m C o m p a n i e s Association as well as the Security Group: National Security Council, Armed Forces of the Philippines, Philippine National Police, Bureau of Fire Protection and Philippine Coast Guard.
Wednesday|May 16, 2018
Funds... from page 1
China last month is not e n ou g h t o f i n a n c e a l l of t he administration’s infrastructure projects in Davao. One of the big projects that the Chinese government has vowed to support is the 1.5km. bridge connecting Davao City to the Island Garden City of Samal (IGACOS) that is seen to boost tourism. Zhao said he is pushing for the feasibility study and design that will be approved by the National Economic and Development Authority and the Investment Coordinating Committee. “The Davao to Samal bridge will be financed by the Chinese soft loan. Experts from the two sides (Philippines and China) will make the assessment of how much it will cost. But the bridge is only 1.5 km. so it will not be that big,” he said. The bridge, which could be built for a maximum of three years, is one of the projects that the two countries have agreed to support under a memorandum of understanding that they had signed. Zhao said the Callawa water pumping st at ion is a testimony to China’s sincere commitment to help the Philippines improve its people’s livelihood, alleviate p over t y and achie ve a balanced and sustainable growth. “The China-Philippines relations are bound to ride winds and break waves, while the practical cooperation between our two countries will bear more fruits and bring more benefits to our peoples,” he said. The Callawa water pumping project consists of a deep-water pumping well, water tower, power engine room and equipment, and a drinking water pipe network to households. The project, which will benefit 3,000 households, is expected to ease the lack of water in Callawa and neighboring areas. Davao City Mayor Sara Duterte-Carpio expressed her gratitude for the Chinese government’s generosity. She s aid t he st rong relations of the Philippines and China would lead to more assistance for the city’s infrastructure development, livelihood improvement, environment management and urban-rural balanced growth. (PNA)
Utilities... from page 1
standards of the Association of Southeast Asian Nations ( As e an ) , of w h i ch t he Philippines is a member. “But we are not resting there. We need to ambition more, to be at par not just with Asean but at par with utilities in other Asian countries like Japan,” Caberte said. In a press conference during the event, Moresco-1 general manager Jovel Ubayubay admitted that to acquire more automated equipment would entail additional costs
that may “trickle down” to consumers. “But the benefits will be huge. It will tremendously bring down electricity rates,” Ubay-ubay said. He added that creating a smart grid network such as a remote-operated distribution system is the trend in other Asian countries and Moresco-1 “needs to catch up in order to be more competitive.” U b ay - ub ay ha d just been confirmed Moresco-1 general manager by the National Electrification Administration (NEA) after more than a year of search. M o r e s c o - 1 ’s 5 0 t h annivers ar y k icke d of f with the recognition of its pioneering general managers like Melvyn Eballe. In the afternoon, Moresco-1’s own museum was inaugurated. Moresco-1’s coverage area spans the whole western Misamis Oriental, some barangays in Cagayan de Oro City and the municipality of Talakag, Bukidnon.
from page 1 Chua leader of the opposition group going against the bets of Mayor Jose Cuyos said eight, including him who ran and won at the Poblacion, easily trumped down their opponents with large margins in the vote-rich villages. Cuyos’camp only managed to lord it over in three villages including the village of Wasian where Eduardo de Paz, the president of the Association of Barangay Captains of this town, dumped his opponent with a huge 1,802 edge. The election here in the villages is considered a proxy war among multi-millionaire small scale gold mining tunnel operators seen as a prelude to a hotly-contested fight in next year’s local elections between Cuyos and his new-found nemesis – mining operator Jupiter Abulog. Most of the winners at the Abulog camp are incumbent reelectionists who jumped to the other side of the political fence believed to be fuelled by enticing huge logistical support that ranged from P200,000 up to P300,000 for each of them apart a higher bid in buying votes. Residents said Abuyog camp has offered P2,000 for each voter which is a lot more higher to the offer of Cuyos’bets at P500. The Abulog camp fetched small –scale miners living in far-flung areas with trucks on the eve of elections for them to be able to vote at the polling precincts in public schools. Celso Genon, municipal election officer, admitted there was indeed massive vote buying in this town as they received at least seven complaints on fair election law violations that includes mobile video recording in the polling precincts showing cash were secretly seen exchanging hands. A vendor selling bottled water outside the gates of a public school in Bayugan 3 village disclosed an Abulog
supporter offered her P2,000 on the eve of election but she declined since the condition was for her to open the ballot at an onlooker outside the school room. Genon said he noticed an unusual rise of voters at the precinct who were not able to vote since their names cannot be located in the list. As it turned out, many of these eager voters came from other areas and purposely came to Rosario after learning about huge amount of cash in exchange for their votes. Cuyos elder brother, Reynaldo who is incumbent village chair of Bayugan 3 lost by a slim 400 votes against Michael Rhay Hambala, an incumbent village councilor in his early 20s. Chua however clarified there was no vote buying on their part only that people came to them asking help for their transportation expenses and food. “We only helped them exercise their right to suffrage,” Chua said. He s aid t he Abu log family has been helping poor residents in any financial needs for so many years.
PLDT... from page 3
initiative to open the local telco industr y to more competition. An independent tower company will help reduce the time needed for a new telco player to rollout given the 25 permits and up to eight months required to build one cell tower. (PNA)
Shifting... from page 4
unbelievably resilient, longsuffering, good-natured and uber friendly kind of national attitude. We are ingenious and a bunch of survivors. And at the end of the day, the Filipinos will just shake off the dirt from their clothes and thongs, and go about their daily grind. This positive economic outcome was founded on Duterte’s promise to eradicate crime and corruption. It brought back people’s belief in good governance, and restored investors’ confidence. We are now the fastest growing economy in the ASEAN region and this is mainly due to the resurgence of the countr y’s sound microeconomic fundamentals and growth prospects. The country posted a 6.8 percent growth hike— slightly lower from the government target of 7.1, yet it is one of the most robust growth pace in three years. D u t e r t e’s C h i n a unprecedented pivot and the forging of an independent foreign policy, all in one instance had debunked long held myths about PH-US relations, and thus highlighted a promising PH-China-Russia partnerships. The substantial i mprove m e nt i n p e a c e and order with 80 percent
Boracay... from page 4
PUBLIC FOREST”: The Supreme Court’s refusal to recognize any right of the present occupants or businessmen doing business in Boracay, no matter how long they may have been there at this point, is anchored on a simple point: at the time they started occupying or started doing business in the island, Boracay and its lands were still classified as “public forest”. Under the law, a “public forest” can never be acquired by any private individual. Because of this classification as a “public forest” of Boracay at that time, titles in favor of any private person over lands therein can never be acquired
by anyone, simply because the lands continue to be owned by the government. The Supreme Court clarified that a land which is “unclassified public forest”, like Boracay, can be titled to a private person only when the government declares it to be ready for disposition to private individuals, which is what Duterte wants to do, but only at this point. “Private claimants’ bid for judicial confirmation of imperfect title… must (therefore) fail because of the absence of the second element of alienable and disposable land…. Where the land is not alienable and disposable, possession of the land, no matter how long, cannot confer ownership or possessory rights…” the Court added. Clearly, no private person owns any land in Boracay, and the President is right in saying Boracay should be delivered to the farmers there. -ooo FOR QUESTIONS, REACTIONS: If anyone would like to ask me any question about what the burning issues of the day mean, or what we have discussed here, or to consult on any problem, whatever it maybe, please call 0917 984 24 68, or email me at batasmauricio@yahoo. com, or post your concerns at www.facebook.com/attybatas. Promise, I will answer right away. Thank God in the Name of Jesus, Amen!
Republic of the Philippines TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Regional BRANCH 21 Cagayan do Oro City
Hirna... from page 3
the future, meaning nontaxi vehicles will be part of its f leet. Most TNCs in the Ph i l ippi n e s fol l ow t h i s mo del, as pioneered by Uber Philippines and Gr ab Ph i l ippi ne s w he n the two used to dominate the market. H i r n a’s p r e s i d e n t , h ow e v e r, s a i d t h e company will re vie w its business model in two to t hree mont hs, and may s o on charge a minima l b o oking fee to generate re venues. B u t f o r n o w, M r. Mauricio said Hirna w o n’t e n t e r t h e Me t r o Manila market soon. “Our mission is to help elevate taxi ser vices in key cities outside Met ro Mani l a,” he said. “Instead of being disr uptors, we consider ourselves as collaborators. We c o n n e c t d r i v e r s with passengers, unite operators with each other and collaborate with government stakeholders, sp ecif ically LGUs (lo cal government units), LTFRB and D oTr (D ep ar t ment of Transp or t at ion),” he added. Hirna is hoping that with its business model, it will change the perception of commuters towards taxis to start seeing it as a “safe, reliable, convenient and af fordable mo de of transp or t.”
reduction in drug volume and 39 percent drop in crime. The peace and order gains represents a decisive effort at ridding the country of specific crime problems never given so much serious attention before. And based on the latest economic forecast models, the country can hit nine percent GDP growth by 2019, with infrastructure spending from 5 to 6 percent of GDP, funded by new taxes and tax efficiencies. The country’s DNA has shifted its gear and well on its way to greater heights. Belated Happy Mother’s day!(ruffy44_ph2000@yahoo. com)
IN RE: PETITION FOR CANCELLATION CERTIFICATE OF LIVE BIRTH OF SEAN IKE MAKINANO, TRACEY JENE T. MAKINANO, Petitioner, -versusCIVIL REGISTRAR OF OPOL, MISAMIS ORIENTAL, PHILIPPINES STATICS AUTHORITY, MANILA. Respondents. x--------------------------------------------------/ ORDER The Amended Petition is admitted and this case is revived. Notice is hereby given that filed before this court is a verified Amended Petition for cancellation of Certificate of Live Birth of Sean Ike Makinano. Petitioner prays that after due notice and hearing, an Order be issued ordering the Civil Registrar of Opol, Misamis Oriental to cancel the Birth Certificate of Sean Ike Makinano under Registry No.2016-258 for having been already under Registry No.2016-116. Finding the Amended Petition sufficient in form and substance case be heard on JUNE 6, 2018[ Wensday ] at 8:30 in the morning before this Court at the Ground Floor, Goldridge Building, Hall of Justice, Masterson Avenue corner Macapagal Road, Upper Carmen, Cagayan de Oro City. At the expense of the petitioner, let a copy of this Order be published at least once a week for three  consecutive weeks in a newspaper of general circulation in the Philippines. Let also a copy of this Order be posted at the bulletin board of this Court at the Ground Floor, Goldridge Building, Hall of justice, Masterson Avenue corner Macapagal Road, Upper Carmen, Cagayan de Oro City, at the bulletin board of the Office of the Local Civil Registrar of Opol, Misamis Oriental, and at the bulletin board of the Philippine statics Authority [formerly the National Statistics Authority], Regional Office in Cagayan de Oro City. It is further ordered that Petitioner, at its own expense shall furnish copies of this order and the Amended Petition together with its annexes to the Office of the Solicitor General, to the Philippine Statistic Authority [formerly the National Statistic Office], Regional Office in Cagayan de Oro City and to the Local Civil Registrar of Manila. The Philippine Statistic Authority [formely the National Statistic Office], Cagayan de Oro City. The Local Civil Registrar of Opol Misamis Oriental, or any person having or claiming any interest on the relief sought is hereby directed to file their written oppositions and appear on the said date of hearing are hereby required, within fifteen  days after the last publication of this Order to file with this Court and serve in the petitioner their Answer to the above-qouted petition,together with the Annexes. The petitioner shall at the hearing submit proof of publication and of the service of the copies of the Order and the Petition as directed by Court.
SO ORDERED. Done this 3rd of April 2018 in Cagayan de Oro City.
BWM: May 2, 9 & 16, 2018
(sgd.) GIL G. BOLLOZOS Presiding Judge
BusinessWeek MINDANAO CREDIBLE
SWU PHINMA Introduces Basic Education-STEM S www.businessweekmindanao.com
Wednesday|May 16, 2018
outhwestern University PHINMA (SWU PHINMA) is pleased to launch its Basic Education-STEM program starting June 2018 for all of its students in Grades 1 to 10. The integration of the STEM (Science Technology Engineering Mathematics) strand in its Basic Education curricula will prepare its students better for the STEM strand in Senior High School. Students will be learning new subjects related to Robotics, Coding and Design Thinking on top of the general basic education subjects. “SWU PHINMA is one of the first schools in the country to integrate STEM in its Basic Education. With this new curriculum, SWU students will be better equipped with 21st century competencies like curiosity & creativity; collaboration &
communication; independent & critical thinking,” said Roselyn Fortunado, Dean of School of Education. The latest Labor Market Trends report shows that most of the highest paying jobs in the Philippines are in STEM fields. “By introducing STEM early on, students will be more adept and prepared at fields where they could build their future careers in,” adds Fortunado. Basic subjects like English, Math & Science will be taught thematically with an increase in number of hours. New subjects like Computer Science, Robotics, and Coding will also be added. Design Thinking will be added in lieu of Arts in MAPEH (Music Arts Physical Education Health). Southwestern University PHINMA (formerly known as Southwestern University
when it was first founded in 1946) is recognized in the region as a leader in Medicine, Dentistry, and Allied Health Programs. The university provides students practice-focused, relevant, hands-on learning so they become the best that they can be. SWU PHINMA is part of PHINMA Education, the education arm of PHINMA Corporation with business interests in energy, hotels, housing, steel products and strategic consulting. It aims to serve the nation by providing accessible and high quality private school education to Filipinos nationwide. PHINMA Education owns and operates a network of six schools in the country. In 2016, it expanded to Myanmar through the establishment of PHINMA Training Center in Yangon.
AboitizPower’s new rooftop solar unit recently inaugurated its first project, highlighting its entry into this smallscale market segment while expanding its already diverse Cleanergy portfolio. The new unit, AboitizPower Distributed Energy Inc. (APX), began operating the 100-kilowatt installation on top of the Aboitiz and Co. office in
Cebu City in March and has since been delivering clean and renewable energy to building tenants like ACO, AboitizPower, AboitizLand, and Pilmico, among others. “We want to show customers our confidence in the technology and its capability by putting it on our own roof,” APX general manager Jose Rafael Mendoza said.
Aside from this, the company is also looking at several other projects in Luzon and Visayas, some of which are set for completion in 2018. One with the Aboitiz Group purpose of advancing business and communities, Mendoza said he hopes this latest project will encourage others to pursue their own sustainability efforts and that utilizing distributed energy
SWU PHINMA classes start June 2018 with Basic Education-STEM program.
AboitizPower unit launches first rooftop solar project
The 100-kw installation covers the rooftop area of ACO's south building. The ACO office building or Aboitiz Corporate Center is located along Gov. Manuel A. Cuenco Avenue in Barangay Kasambagan, Cebu City.
such as rooftop solar is a real step forward for those who want to do so. Banking on AboitizPower’s more than 80 years of experience in the industry, Mendoza also said they can help customers meet their requirements through a secure and long-term partnership. AboitizPower first entered the solar power market in 2016 with its 59-megawatt peak San Carlos Sun (Sacasun) project in San Carlos City, Negros Occidental. Through its Cleanergy brand, AboitizPower, together with its partners, now has a net sellable capacity of 1,272 MW. The company has a wide portfolio of renewable energy plants under Cleanergy, which includes geothermal, run-of-river hydro, and large hydropower facilities all over the country, helping energize economic opportunities in its host communities while further advancing its business portfolio. By maximizing Cleanergy while taking advantage of the reliability as well as costefficiency of thermal power plants, AboitizPower fulfills its push for a balanced mix strategy.
CEB pushes forward with fleet modernization Receives second, third, and fourth of seven A321ceo orders The Philippines’ leading carrier, Cebu Pacific Air (PSE: CEB), beefs up its fleet with the arrival of three additional brand new Airbus A321CEO (Current Engine Option) aircraft. With these deliveries, the CEB fleet is now comprised of 65 aircraft, specifically four Airbus A321CEO, 36 Airbus A320, eight Airbus A330, eight ATR 72-500 and nine ATR 72-600. Cebu Pacific invested US$ 4.9 billion for its new A321 fleet, with deliveries of additional three A321CEOs and 32 A321NEOs (New Engine Option) spread from this year until 2022.
These new aircraft support Cebu Pacific’s expansion plans across the region, further boosting a network that now spans over 100 routes on 37 domestic and 26 international destinations. The new A321CEOs can accommodate 50 more passengers, with a total seating capacity of 230 seats. Coupled with investments in avionics, this will enable CEB to operate more efficiently, and offer even lower fares to its customers. Cebu Pacific operates one of the youngest and most modern aircraft fleets in the world, with an average age of 4.86 years.
BusinessWeek Mindanao (May 16, 2018)