BusinessWeek Mindanao (May 18, 2018)

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Volume VIII, No. 146 As of 6:00 pm May 17, 2018 (thursday)

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7,694.12

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175.44 points

JICA grant for Marawi

THE Department of Finance (DOF) and Japan International Cooperation Agency (JICA) on Tuesday signed a grant agreement that would pave the way for the release of 2 billion yen or some US$18.66 million in funds for the rehabilitation and reconstruction of war-torn Marawi City and surrounding communities.

The agreement, roughly equivalent to P970 million, was signed by Finance Secretary Carlos Dominguez III and JICA Chief Representative to the Philippines Yoshio Wada.

At the signing ceremony, Dominguez acknowledged that this will be the fourth grant extended by the government of Japan specifically to support efforts to rebuild Marawi City.

Onion production BUTUAN City -- Farmers from San Francisco, Agusan del Sur are optimistic that onion production in their town will be a profitable venture.

The farmers recently underwent training on “Good Agricultural Practices on Onion Production” conducted by the Department of Agriculture (DA) – Caraga, in coordination with the Local Government Unit of San Francisco, Agusan del Sur. Municipal Agriculturist Viña Ranoco shared that some of the products sold in the local market are from the other provinces and even from other regions.

She encouraged the farmers to put to good use what they have learned from the training so that the town will soon be producing their own onion. She said that this way, they will no longer have to source out from other places. In addition, they can also contribute to the country’s drive to cease importation of onion through sufficient local production.

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Friday|May 18, 2018

By MIKE BAÑOS, Editor-at-Large

NVESTMENTS in Northern Mindanao (Region 10) for 2017 monitored by the Department of Trade and Industry Region 10 soared 80% compared to 2016, data from the agency shows.

Agri-based investments accounted for the majority of the P33.41 billion total for the region with P14.65-B (44%) followed by Infrastructure and Services with P13.73 billion (41%) and energy with P2.187-billion (6.55%).

Misamis Oriental again led the investments parade in the region with P24.81 billion, up 73% from P14.4 billion in 2016.

The top five monitored investment projects in the region and the province alone comprised 53% of the region’s

total. These included the expansion of the San Miguel Beer distillery, construction of the Purefoods Hormel meat processing plant, Metro Pacific’s bulk water project, continued construction of the FDC Misamis coal fired power plant, and SM’s CDO Downtown Premier Mall.

However, on the aggregate, it was agri-based investments which had the biggest share with P12.725 billion (51.31%), followed by infra and services P11.714 billion and servicing normin/PAGE 11

SCENIC STREET FOOD STRIP. Street food lovers in Iligan City now have a new go-to place: at Barangay Ubaldo Laya along the new Circumferential Road 3 (C3), situated in the mountain overlooking part of downtown. It offers a beautiful view of the sunset at Iligan Bay. mindanews photo by bobby timonera

Marawi rehab may entail P80-B budget: HUDCC chief THE rehabilitation and re const r uc t ion of wartorn Marawi City and its surrounding areas may require a budget of up to P80

billion, according to Housing and Urban Development C oordinating C ouncil (HUDCC) chairman Eduardo del Rosario.

Del Rosario, who is also the chair for Task Force Bangon Marawi, told reporters that some P22 billion is likely to be rehab/PAGE 11

PSA, NEDA developing methodologies to track provincial domestic product

By MIKE BAÑOS, Editor-at-Large

FEWER CATCH. A fisherman from the coastal barangay in Cagayan de Oro City grumbled after going home with a few catch of small fishes from Macajalar Bay. photo by gerry lee gorit

PRETTY soon provinces would be able to track their respective domestic products to give them a better idea of how they are performing

and how to benchmark their performance targets moving forward.

In fact, two government agencies are now developing

two separate methodologies to do this.

During the April 26 presentation of the Gross Regional Domestic Product (GRDP) of Nor thern developing/PAGE 11

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Economy

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P12-B Davao City bulk water project up for DAR approval

D

AVAO City -The P12-billion Davao City Bulk Water Supply Project is up for approval of the Department of Agrarian Reform (DAR).

The permit from DAR is the last government requirement for the project to proceed with the physical construction of the facility, which is a joint venture between the Apo Agua Infrastructura, Inc. and the Davao City Water District (DCWD).

Apo Agua general

manager Cirilo Almario said the approval of DAR is needed because the facility will sit on a 6.8-hectare agricultural land in Barangay Gumalang.

“It needs a conversion of the land from agricultural to industrial as the area will be used for the production of safe drinking water,” Almario said.

Initially set for completion this year, the project’s operational phase was moved to 2021 due

to tedious government permitting procedures.

The project has two components. Part A covers water diversion and treatment costing P10 billion that will be handled

by Apo Agua. This includes the construction of raw water facilities, hydroelectric power plant, water treatment plant, treated water pipelines, and facilities for various take-off points in the city.

Almario said Apo Agua will supply the DCWD a minimum

contracted volume of 300 million liters per day of treated bulk water from the Tamugan River for a period of 30 years.

DCWD deputy spokesperson Jovana Duhaylungsod said the second project component costing PHP2 billion will be water distribution. To be handled by DCWD, it includes the construction of primary transmission/ distribution pipe mains and storage facilities in various parts of the city.

DCWD will also handle the distribution of treated water to residential, government, commercial and industrial consumers while the bulk water end-users will remain solely with the

company.

Duhaylungsod said the water district has been using ground water for nearly 45 years.

The bulk water project is an alternative source of water supply.

“This will also limit the extraction of ground water and allow the acquifers to rest,” she said, noting that right now, the DCWD has 60 production wells for ground water extraction and when the bulk water is in full operation, about

TWG starts discussions on proposed PPP code MEMBERS of the Technical Working Group

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half of the production wells will be rested.

The water demand in the city is rapidly increasing due to population growth and urbanization, Duhaylungsod said, adding that the project will supply treated water to the water systems in Dumoy, Calinan, Tugbok, Panacan and Cabantian and the three additional water systems in Talandang, Mandug and Indangan. (PNA)

Enjerah A. Riveral Grade II Apple Adviser/ T-I/ OIC - Kalingking ES Malitbog District 1 (3rd Place Kindergarten Festival of Talents: Balak / District level)

Ang mga letra nagkahiusa Aron sa hinay-hinay imong mabasa Sama sa L-E-T-R-A Nahimong letra .

Kung ikaw magtuon Ikaw makakat-on Tingog ug ngalan sa letra paminawon, Aron sa libro kini imong basahon.

Busa ikaw bata ayaw pagtanga Letra ihan-ay inga-nga ang baba.

Magbasa sa kanta, tula o istorya Aron sa katapusan medalya ang makuha!!!

(TWG) of the City Council Committee on Ways and Means sat down on May 9 to start discussions on the proposed city code on Public-Private Partnership for the People’s Initiative for Local Governments (LGU-P4).

It may be recalled that the City Council Committee on Ways and Means chaired by Councilor George Goking created the TWG to study the proposed ordinance, which contains the procedure for selecting private sector proponents for various priority projects and a contract management framework. ppp/PAGE 11

CAGAYAN DE ORO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947 CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491 CORRALES BRANCH Corrales Ave., Cagayan de Oro City DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631 LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739 CARMEN BRANCH Vamenta Blvd., Cagayan de Oro City Tel. # (088) 231-2011

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Opinion

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Out of delicadeza

HOTLINE Businessweek Mindanao Corporation Publisher DANTE M. SUDARIA President/CEO

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Ruffy magbanua M A L AY B A L AY C i t y, Bukidnon -- There was a biting bedlam over social media when Malacanang announced in an instant that President Duterte’s another ‘first lady’, Agriculture Undersecretary Bernadette Romulo-Puyat would serve as the next Tourism Secretary vice the embattled sister of

Kakampi mo ang batas

Batas Mauricio

LIFE’S INSPIRATIONS: “… Let us behave decently, as in the daytime, not in Member: carousing and drunkenness, not in sexual immorality and Philippine Press Institute debauchery, not in dissension and jealousy…” (Romans Oro Chamber 13:13, the Holy Bible).

-ooo BUSINESSMEN ENGAGED IN BUSINESS IN BORACAY FOR A LONG PERIOD OF TIME NOW CAN’T TITLE ANY LANDS what we’ve done wrong. think a minute Like beating and cursing IN THE ISLAND: Pursuant your child in a moment of to the 2008 decision of the anger. No candy or toy can make up for how we hurt even destroyed their trust in us. Think of the man addicted to alcohol, drugs, hints and traces or kava, or has adulterous affairs, putting his wife and children through years of pain, lies, and violence. Yet jhan tiafau hurst even if he finally does stop drinking or having affairs, Think a minute…Some time how can he ever erase or ago I read in the newspaper make up for all the hurt and about a father who had damage he caused? How killed his 10-year-old son does the mother who had because his school report an abortion forgive herself roy cimagala was not good enough. The and get free from her guilt? father was so angry that So we can’t always repair he reached for the nearest the damage we’ve caused, no ALL kinds of conditionings thing, a steel rod, and hit matter how much we try, somehow shape our life. We his son on the back. His not even through religion! are conditioned by our own 10-year-old little boy was That’s why Jesus Christ, Who temperament, for example, killed instantly. Can you was not guilty of any wrong, or by the weather at the imagine the pain and regret gave His own innocent life moment, by our family that father lives with! to free you and me from all traditions, social customs, We all have regrets, and our wrongs and guilt. The political milieu, the historical the feeling that we want to only way we can make up for background of the place we make up for the wrong we’ve all the wrong we’ve done is grew up in. done. Yet we know that in by asking Jesus for His free We are also conditioned most situations we can’t. gift of forgiveness and new by the kind of work we do, Sometimes we can repair life which He paid for with the kind of relatives and the damage. We can pay a His own life. friends we have. We can be debt that’s long overdue. It’s true that you cannot conditioned by the many We can return the money change your past, but Jesus technologies that are now we cheated or stole from can start changing your easily available. Yes, of somebody. life now. If you ask Him to course, we also are highly But most times it’s simply take control of your heart conditioned by the ideologies impossible to make up for hurst/PAGE 11 and religions we choose, the

Making up for the past

not even the lowly man on the street, nor the displaced workers of Boracay.

However, Teo’s camp was quick in the draw saying the former secretary still enjoys trust and confidence of the President.

Teo was not asked to resign by the President, she tendered her resignation out of delicadeza. Well said, but it lacks proper decorum and plain logic and therefore there was no need for her to stay even a little bit longer, not out of sheer delicadeza, but going out of public service was the most honorable thing to do.

Earlier, critics raised the issue of conflict of interest against Teo after the Commission on Audit flagged payments amounting

to P60 million made to broadcaster Ben Tulfo’s Bitag Media Unlimited Inc. (BMU) for Department of Tourism (DOT) advertisements to be aired on his “Kilos Pronto” program on PTV. Teo had denied that she had a hand in the PTV’s decision to place the DOT’s a dve r t is e me nt s on he r brother’s program and said that the project went through a bidding process and was reviewed by her department’s legal department.

Pressured to the hilt, the Tulfo brothers had announced to return the P60 million, not as an admission of guilt as critics say, but to protect the family’s name and to show that they do not wish to benefit from public funds. delicadeza/PAGE 11

628.96 hectares in Boracay can be distributed

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

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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 : businessweekmindanao@gmail.com

the Tulfo brothers, Wanda Tulfo-Teo. Not even the mainstream media has not been spared by that media hype brewed by the 60 million peso ads campaign that went overboard – right into the pocket of a TV blocktimer, the Bitag PR outfit of the Tulfo brothers.

Wanda Tulfo-Teo quickly resigned from her post as Tourism secretary out of delicadeza and to spare e ver yone fur ther pain, including President Duterte.

This is a shallow proposition, or even a cheap scapegoat coming from a die-hard supporter of the President.

In fact, with this trash statement, no one would ever pay attention to Teo,

Supreme Court on Boracay Island, it should be very clear that the tribunal did not allow the many businessmen and countless other individuals who have been in possession of choice lots in the worldclass tourist destination to acquire land titles over the parcels they have been occupying.

In the cases of “Secretary of the DENR, et. al. vs. Mayor Jose Yap, et. al.” G. R. No. No. 167707, October 08, 2008, and “Dr. Orlando Sacay, et. al. vs. Secretary of the DENR, et. al.”, G.R. No. 173775, October 08, 2008, the Supreme Court declared that the businessmen and other personalities who petitioned the court to allow them to acquire land titles over choice lands in Boracay are not qualified to become owners of those lands, under the law.

What were the court’s reasons for this? First, the Court said that when the

businessmen first entered Boracay and appropriated for themselves the various lots they found vacant, the whole island was still an “unclassified public forest”--or a piece of property which only the government can own. As a result, no private individual can ever own any part of the island, no matter how long they may have been in possession of the lands in Boracay.

-ooo SPENDING HUNDREDS OF MILLIONS TO DEVELOP BORACAY NOT A GROUND FOR ISSUING OF TITLES: Second, the Supreme Court ruled that the businessmen who had petitioned to be given land titles over the lands they have occupied in Boracay failed to show strong proof that their occupancy of the lands started since time immemorial, or, in legal contemplation, since June 12, 1945.

The Court explained in this regard that there is a need, under the law, for anyone wanting to register himself as the titled owner of any piece of land in Boracay to show proof of his---or his predecessors’---occupancy of the land since June 12, 1945. If there is no proof to this effect in favor of the person applying for a title in Boracay, or in favor of his predecessors-in-interest, he will not be allowed to secure any such title.

Third, the Court brushed aside claims by the petitioning busi ne ss me n t hat t he y are already entitled to be recognized as titled owners of lands in Boracay on account of their having already spent hundreds of millions to develop the island. The tribunal said expenditures for the development of the island which were made by businessmen in the pursuit boracay/PAGE 11

Dominate our conditionings culture and the lifestyles we are exposed to. There is also themedia and the propaganda machineries of different groups to contend with.

Everything that would have some impact on our life somehow conditions us, from the physical to the social to the spiritual, from the natural to the supernatural and the unnatural, from elements that are unavoidable to things that we choose to have.

It is important that we are aware of this fact of life and make the effort to know these conditionings and master them. What we have to avoid is to be complacent with them and to be fully at their mercy.

We have to dominate them instead of them dominating us. They need to be purified and directed to our proper end. We cannot deny that there are also manipulative forces around.

This is where the question of criteria and standards come in. How should we be guided in this lifelong task?

Where can we find the sure

points of reference? What should be our North Star?

The question may require a much bigger space and a deeper discussion than what this column can afford, though I must say at the outset that obviously the proper reference would be God himself.

That position may trigger many other questions, like who is God, where can we find him, how sure can we be that we are following God, etc.?

Before we get lost in those questions, we can readily say that what is important is that we be more serious about being aware that there are different conditionings affecting our life and that we should dominate them.

I believe that irrespective of the kind of criteria and standards used, we can say that we have enough basis to guide us on how to dominate our conditionings.

We already have a good body of knowledge derived from the sciences—the natural, the medical and

psychological, the social, to the philosophical, ideological, theological, etc.

What is important is that we know what are the good aspects as well as the dangerous side and limitations of these conditionings. We cannot be naive and just allow ourselves to be led by these conditionings. We have to lead them.

That is why we should have a clear idea about the ultimate purpose of our life and the goal that we have to reach, irrespective of the different circumstances and conditions in our life.

We have to see to it that we are not just herded like cows by these conditionings.

This phenomenon, I am afraid, is happening these days, when many people, especially the young ones, indis cr iminat ing ly and blindly follow trends and fashions.

That is why there is always some need for introspection, for some examination of conscience, for a deeper dominate/PAGE 11

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CorporateWorld

Land to turn 23 Auto sales continue to decline in April Vista projects into ‘communicities’

SALES on most classes of automotive vehicles was on the decline in April this year, the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA) reported Tuesday.

Joint CAMPI and TMA data showed that vehicle sales in April 2018 decreased by 11.9 percent to 25,583 units from 29,038 units in the same period a year ago.

This is after commercial vehicle

sales, which account for 61 percent of the industry sales last month, contracted its sales by 18.3 percent to 15,673 units from 19,176 units in April last year.

Under this segment, sales of light commercial

Higher passenger revenues boost Cebu Air profit in 1st quarter CEBU AIR, Inc., the listed operator of Cebu Pacific, reported its net income increased by 12% to P1.437 billion, driven by higher passenger revenues from a 10% increase in average fares.

In a regulatory filing, the Gokongwei-led company said revenues went up 8.3% to P18.261 billion for the three month period. The bulk came from passenger revenues, which rose 11.4% to P13.676 billion.

“This increase (in passenger revenues) was largely due to the 10.0% increase in average fares to P2,805 for the three months ended March 31, 2018 from P2,551 for the same period last year,” it said.

Cebu Air reported passenger volume grew to 4.876 million from 4.813 million last year. The budget carrier is currently has 2,622 flights a week.

The company saw a 26% increase in cargo

Do parental involvements affect pupils academic performance?

ENJERAH A. RIVERAL Grade II Apple Adviser/ T-I OIC- Kalingking ES Malitbog District 1

Parental involvement has emerged as one of today’s most important topics in educational circles. Parents play a crucial role in both t he home and s cho ol environments. Parental involvement may have very essential in school-based activities of their children.

Unfortunately, nowadays some parents are having lesser time for their children about school activities, school visitation, parents counselling, checking their child’s academic progress report, school pahinas and others. Some have sour and over rated excuses, other parents are preferred to give little amount for them to be excuse as they taught.

There are some parents also give their candy coated compliment to the teacher just to relieve teacher’s temper not to be strong due to such half or less number of parent’s attendance. Is it really happening? Then, how does it really affect their pupil’s academic performance?

Parental involvement in a child’s education is c ons iste nt ly fou nd to be positively associated with a child’s academic performance. Pupils are more eager to learn, inspired and diligent with their studies when they feel that their parent cares about their schooling. They are very cooperative to show their hidden talent when their parent supports them especially in terms of costumes and attire. They are attentive to pass their

project and homework when their parent has time to tutor and coach them. They are proud to go to school every day when they know that their parent is one of the awardees of being an active parent in school.

It is a call for every teacher, administrator and parent to realize that we have a great part to ponder for our children’s future.

Teachers and administrators should provide the ne c e ss ar y d at a w h i ch serves as their guidelines in creating environment that will help improve academic performance and which will provide a system framework for the development of effective home-school partnerships and encouragement of parent participation in schools and students’ learning.

And to us parents, we should be more aware of the effect of our involvement in school for us to evaluate our selves about our responsibilities to our children, we should take improvements on a supportive role in our child’s learning, and to have active involvement in the life of the school which help promote a learning community in which pupils can engage positively with school, staff and their peers.

We should find different ways to participate in our child’s learning both at home and in school specifically on parenting, learning at home, decision making and collaborating with the community.

revenues to P1.279 billion in the first quarter, while ancillary revenues fell 7.5% to P3.3 billion due to lower baggage and pre-ordered profit/PAGE 11

vehicles fell by 9.7 percent to 11,045 units in April 2018 from 12,237 units of the previous year.

Higher decrement in sales was registered by Asian utility vehicles, which declined by 41.5 percent to 3,439 units in April this year compared to its 5,878 units sales a year ago.

Sales of light trucks slightly slipped by 0.5 percent to 580 units last month from 583 units a year ago.

On the other hand, increments were recorded in sales of trucks and decline/PAGE 7

VISTA LAND and Lifescapes, Inc. (VLL) is looking into turning 23 existing projects into larger mixed-use developments it calls “communicities,” a top official said.

“We’re looking at about 23 potential areas right now that we want to expand to bigger multi-use areas,” VLL President and Chief Executive Officer Manuel Paolo A. Villar told reporters in a media briefing in Taguig City last week.

Mr. Villar said the projects to be expanded

are located in Mega Manila, which pertains to Metro Manila and neighboring provinces of Cavite, Laguna, Rizal, Batangas, and Bulacan, and some provinces outside Luzon such as Iloilo and Cagayan de Oro. VLL described “communicities” as integrated urban developments combining lifestyle, retail, prime office space, university town, health care, themed residential developments, and leisure components.

The listed property vista/PAGE 7

6 Personal remittances rise to $7.8-B in Q1 PERSONAL remittances from Overseas Filipinos (OFs) reached $7.8 billion in the first quarter of 2018, registering 1.3 percent year-on-year growth, BSP Officer-in-Charge Diwa C. Guinigundo announced today.

The bulk (77.5 percent) of personal remittances was from land-based workers with work contracts of one year or more, which summed up to $6.1 billion (growing by 0.4 percent), while 20 percent derived from sea-based and landbased workers with work contracts of less than one year, amounting to $1.6 billion (rising by 2.2 percent) for the same period.

However, personal remittances in March 2018, at $2.6 billion, were 9.9 percent lower than the level posted in the same month last year.

In the first three months of 2018, cash remittances from OFs coursed through banks stood at $7 billion, posting 0.8 percent growth from the level posted in the same period a year ago.

Cash remittances sent by land-based workers and sea-based workers aggregated $5.6 billion and $1.4 billion, respectively,

with growth of 0.4 percent and 2.3 percent.

In March alone, total cash remittances fell by 9.8 percent yearon-year to $2.4 billion.

This was attributed to the 9.7 percent drop in cash remittances from land-based workers and 10.2 percent decrease in transfers from sea-based workers.

The countries that registered the biggest declines in cash remittances in March were Saudi Arabia, United Arab Emirates (UAE), Qatar, and the United States (US). The negative growth during the month was primarily due to base effect following the sharp increase in remittances in March 2017 at 10.7 percent.

Further contributing to the decline was the lesser number of banking days in March 2018 compared to the same month in 2017 since the celebration of the Holy Week happened during the last week of March as opposed to April in 2017.

Moreover, the continued repatriation of OF workers from the Middle East countries could have affected the inflows of cash rise/PAGE 7

Banking&Finance

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DOF: Tax reform fueling PH growth

T

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 game-changing in the

sense that they catalyze further investments, which, in turn, drive investment-led 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 sugar-sweetened 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)

Banks’ rediscount borrowings climb to P615M at end-April BANKS SECURED fresh rediscount loans from the Bangko Sentral ng Pilipinas (BSP) last month, largely to fund commercial lending and capital expenses.

Total availments under the central bank’s peso rediscount window reached P615 million

in April, lower than the P1.226 billion which players secured in March.

The amount is higher than the P15 million availed in April 2017, according to BSP data.

The rediscount window allows banks to acquire fresh money supply from the BSP by posting their

loan collectibles from clients as their collateral.

The cash — which may come in the peso, dollar or yen — can then be used to grant more loans or service withdrawals, depending on the bank’s needs.

Rediscount borrowings reached P7.651 billion for the first four months of 2018. Half of the loans secured were used for capital asset expenditures, while 42.4% has been extended for commercial

credits.

Loan lines were also extended for permanent working capital, services, housing and production, the BSP said.

Credit lines extended under the facility also fulfils the central bank’s mandate as lender of last resort for financial firms.

Peso rediscount loans are charged a uniform rate depending on the maturity date. This came after the borrowings/PAGE 7

Fluency of letter names and letter sounds: Technical skills in early childhood education ENJERAH A. RIVERAL School ELLN Coordinator Teacher I - Kalingking ES Malitbog District 1

As an educator, reading su c c e ss is t he ke y to educational success. It plays a very important role to obtain quality education.

Children take their first critical steps toward learning to read at a very early in life.

They begin to read words, processing letter-sound relations and acquiring substantial knowledge of the alphabetic system. Letter naming and sounding are the most important skills that should be mastered by the early graders, especially grade one pupils as the best and concrete foundation for them to read fluently.

Many children in Kalingking Elementar y School enter grade one with at least some perfunctory knowledge of alphabet letters and its sounds. Because of this, teacher needs more time to overcome this perennial problem. Unfortunately, daily instructions of teacher are greatly affected. Instead of moving to the next

lessons, Teacher tends to go back or stay long to the basic skills due to the presence of the non-readers and frustration readers. In fact, sometimes teacher is behind with minimum learning competencies for a certain grading period. Time for remedial is not enough.

Teacher must conduct oneon-one tutoring using varied strategies, approaches, and materials especially those learners that could not even identify letter names and sound.

Focus on letters of the alphabet and systematic phonics instructions are the components that must be in place in our early childhood classrooms. Immediate action with this regard is the realization of how reading is important and what benefit it could bring. It would be a great help to the teachers to reduce frustration readers and produce efficient and effective reader in their next ladder of education.

7

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Decline... from page 5

buses categories four and five growing by 21.4 percent and 45.4 percent, respectively.

Meanwhile, four-month sales of the industry likewise declined by 9.3 percent with sales reaching 111,620 units this year, lower than the same period in 2017 of 123,064 unit sales.

Passenger car segments recorded a 7.2-percent drop in sales, while a 10.4-percent decrement in sales was registered in commercial vehicle segments.

The most preferred brands in the January to April period based on sales figures are Toyota, Mitsubishi, Ford, Honda, and Nissan.

The notable drop in motor vehicle sales was partly attributed to the imposition of higher excise tax rates on automobiles implemented at the start of the year. (PNA)

Vista... from page 5

developer known for its a f f ord a b l e s u b d i v i s i on developments across the country said it will opt for joint venture (JV) deals for these mixed-use areas.

“We’re looking to do more joint ventures…. We’re looking to do hundreds of hectares of projects that’s multi-use, probably large residential and we’ll have a commercial area. So all the big JVs will be for mixed-use,” Mr. Villar said.

The company currently has a land bank of 2,642 hectares across the country.

Of this, 13% or around 330 hectares is its share in joint ventures.

VLL grew its net income by 13% in the first quarter of 2018 to P2.6 billion, fueled by its residential and commercial leasing businesses. The profit growth was supported by a 12% increase in revenues to P10.1 billion during the quarter.

The company is banking on the strong demand for re s i d e nt i a l proj e c t s to continue boosting its earnings for this year. Its profit target for 2018 is P10 billion, around 10% higher than the P9.1 billion it generated in 2017, while expecting reservation sales to reach P72 billion for the year.

VLL has allotted P45-50 billion in capital expenditures this year, P11.8 billion of which has already been exhausted in the first three months of 2018. It plans to raise around P10 billion through the issuance of bonds in the third quarter

to continue funding this capex program.

Incorporated in 2007, VLL develops house and lots and residential high-rise condominiums through its six wholly owned subsidiaries, namely Brittany C orp., Crown Asia Properties, Inc., Vista Residences, Camella Homes, Inc., Communities Philippines, Inc., and VLL International, Inc. The company also owns 88.34% of listed mall operator Starmalls, Inc. Mr. Villar said the company will be upgrading the Starmalls brand, with plans to refurbish existing malls in the coming years.

Rise... from page 6

remittances. Preliminary data from the Department of Labor and Employment indicated that as of 8 Feb 2018, a total of 1,124 OF workers were repatriated from Kuwait.

Cash remittances coming from the US, UAE, Japan, Singapore, United Kingdom, Canada, Qatar, Germany and Hong Kong comprised 80.1 percent of total cash remittances in the first quarter of 2018. (PR)

Borrowings... from page 6

BSP shut down the special window which provided lower rates for thrift, rural and cooperative banks in July last year.

For May, loans maturing in 90 days or lower are charged a 3.5625% rate while 180-day credit lines carry a 3.625% spread. These are computed based on the BSP’s overnight lending rate at 3.5% plus term premia.

On the other hand, the dollar and yen rediscount facility extended to exporters remained untouched, sustaining a trend since the previous year.

Rates for the foreign currency rediscount window ros e f ur t her t his May, mirroring an uptick in global yields.

S p r e a d s f o r d o l l a rdenominated loans climbed to 4.36294% for 90-day loans; 4.42544% for 91- to 180day loans; and 4.48794% for 181- to 360-day loans. This followed a fresh rate hike introduced by the United States Federal Reserve last March.

Margins for yendenominated borrowings als o trended higher to 1.96967% for one to 90-day loans, 2.03217% for 91- to 180-day loans, and 2.09467% for 181- to 360-day loans.

Zordz now open in El Salvador

By MARK FRANCISCO

EL SALVADOR CITY The long wait is finally over.

After almost half a year in hibernation, Zordz has resurfaced this time in El Salvador City, Misamis Oriental.

Conveniently located at the beachline along the national highway, Zordz is just the perfect spot for your dining needs especially if you're traveling with family and friends.

That's because Zordz is open daily from 6:00 a.m. to 10:00 p.m. which obviously means they serve not just lunch and dinner but breakfast as well.

Oh and have I forgotten to tell you that they have an additional menu for breakfast.

Zordz owner Roger Villazorda said that based on early feedbacks, their isda nga tinola will be a runaway breakfast hit, unique from the usual.

Of course, they will retain their all-day favorites deep fried chicken, ginataang hito and deep-fried hito among many others.

In the evenings, diners will be entertained by live acoustic music.

As if that isn't enough, Zordz also offers a function room good for 150 persons.

With the all-day and all-evening sea breeze by your side, who can't resist the charm dining at Zordz?

Edukasyon para sa pagbabago Enjerah A. Riveral Grade two apple adviser/ T-I/ OIC - Kalingking ES-Malitbog District 1 (1st Place-Paligsahan sa Talumpati / School Level)

Matanong kulang..bakit nga ba tayo andito ngayon?

Oo..tama..nag-aaral para matuto…matutong magsulat, magbasa’t, magbilang, pati kagandahang asal dapat nating isa alang-alang. Tignan mo ang sarili mo…marunong ka na b ang magsu l at, magbasa’t, magbilang? o di kaya’y mabuting ugali iyong nakamtan? Kung oo ang sagot mo, bakit palaging galit ang mga guro mo sayo?

Aaminin ko…Oo ako’y isang batang matigas ang ulo. Tamad mag-aral at ayaw makinig sa mga payo. Alam kong marami kayong katulad ko…Kaya hangga’t maaaga pa magbago na tayo. Salamat sa aking mga magulang sa gabay at payo upang matuto akong magbago.Gaano nga ba kahalaga ang edukasyon?

May kaugnayan ba ito sa ating mga pangarap? Maari ngayon hindi pa natin maiisip. Bilang isang mag-aaral, ano nga ba ang iyong pananaw? Madalas

sinasabing ang edukasyon ang daan patungo sa kaunlaran.

Tama! Totoo iyan! Kahit mahirap, kung sasamahan naman ng sikap tiyak ating makakaya. Marami dyan gustong mag-aral subalit wala namang pangtustos ang mga magulang. Pero ikaw! Kayo!

Tayo! Andito sa paaralan pinag-aral! Iginagapang ng mga magulang para mabigyan ng magandang kinabukasan.

Kailangan bang mayaman ang ating mga magulang para tayo makapag-aral at makapagtapos? Sa tingin ko hindi. Ang aking mga magulang ay isang hamak na anak ng mga mahihirap lamang. Pero alam nyo bang napakahalaga ng edukasyon sa aking buhay? Dahil dito, Ako’y naging isang anak ng mga propisyonal.

Ang aking ama ay isang responsabling punong guro at ang aking ina ay isang mapagmahal na guro din.

Dahil sila ay nagsusumikap

at pi n a h a l ag a h an ang kanilang pag-aaral. Gusto n’yo bang maging mangmang at walang ka alam-alam?

Hindi! Ayoko! Ayokong ayoko..! Pahalagahan natin ang mga turo sa atin ng ating mga guro...makinig tayo! makiisa! At buksan ang isipan dahil ito’y para din sa ating ikauunlad. Gusto nyo bang maging enhenyero, pulis, doctor, abogado, nars, guro o maging pangulo ng ating bansa? Ako gustong-gusto ko.Tignan nyo ang paligid?

Maraming nag hi hirap, walang trabaho, gutom, may krimen at droga dahil sa kawalan ng edukasyon.

Ngayon imulat natin ang ating mga mata! Tayo ang pag-asa ng ating bayan!

Nasa ating mga kamay ang tunay na pagbabago… Kaya mga kababata ko, Mag-aral!

Magsikap! Tiyaga! Manalig! upang matuto.. Tandaan ng buong puso… Edukasyon para sa pagbabago.!!!

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No. 10, Apovel, Bulua, Cagayan de Oro City

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No. 10, Apovel, Bulua, Cagayan de Oro City

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No. 10, Apovel, Bulua, Cagayan de Oro City

Republic of the Philippines Department of Transportation LAND TRANSPORTATION FRANCHISING & REGULATORY BOARD Regional Office No. 10, Apovel, Bulua, Cagayan de Oro City

NANETTE D. BACOR CASE NO. Applicant/s R10-EV-TX-2018-05-1699

(2015-10-1236)

NICANOR BARANGGAN CASE NO. Applicant/s R10-EV-PUJ-2018-05-1711

(2008-10-1035)

MARY GRACE C. FLORIZA CASE NO. Applicant/s R10-NC-PA TH-2018-05-1655

ROMEO YAMIT Applicant/s

NOTICE OF HEARING

NOTICE OF HEARING

APPLICANT(s)/PETITIONER(s) request/s authority to extension of validity of Certificate of Public Convenience to operate PUJ service along the line ;Iligan Proper -542 Palao Riverside –Medical and vice versa with the use of one(1)units.

This application/petition shall be considered by this Board on May 24,2018, at 10;00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence.

The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island.

Party(ies)opposed to the approval /granting of the application /petition must file his/her/ their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/her/their oral testimony(ies).

FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/ PETITION.

Issued this 11th day of May 2017, at Cagayan de Oro City, Philippines.

APPLICANT(s)/PETITIONER(s) request/s authority for approval of Issuance of certificate of public convenience to operate TH-TRUCK service along the line ;Within Cagayan de Oro City and from said place to any point in the Island of Mindanao, accessible to any motor vehicle traffic and vice versa with the use of two(2)units.

This application/petition shall be considered by this Board on May 24, 2018 at 10;00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence.

The Applicant(s)Petitioner (s)shall publish said notice at least TEN(10) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island.

Party(ies)opposed to the approval /granting of the application /petition must file his/her/ their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/her/their oral testimony(ies).

FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/ PETITION.

Issued this 9TH day of May, 2018 at Cagayan de Oro City, Philippines.

(Sgd.) AMINODEN D. GURO Regional Director

(Sgd.) AMINODEN D. GURO Regional Director

NOTICE OF HEARING

APPLICANT(s)/PETITIONER(s) request/s authority for extension of validity of certificate of public convenience to to operate TAXI service Along the line ;Within Iligan City and from said place to any point in Region 10 and vice versa with the use of ONE()units.

This application/petition shall be considered by this Board on May 24, 2018, at 10;00 A.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence.

The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island.

Party(ies)opposed to the approval /granting of the application /petition must file his/her/ their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/her/their oral testimony(ies).

FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/ PETITION.

Issued this 11TH day of May, 2018 at Cagayan de Oro City, Philippines.

(Sgd.) AMINODEN D. GURO Regional Director bwm: May 18, 2018

bwm: May 18, 2018

bwm: May 18, 2018

CASE NO. R10-EV-PUJ 2018-05-1685

NOTICE OF HEARING

APPLICANT(s)/PETITIONER(s) request/s authority To extend the validity of Certificate of Public Convenience to operate PUJ service on the line; Cagayan de Oro City to Libona via Camp Philips and vice versa with the use of one(1)units.

This application/petition shall be considered by this Board on May 24, 2018 at 3;00 P.M. at this Board on which date Applicant/ (s) Petitioner(s) shall formally submit his/her/ their evidence.

The Applicant(s)Petitioner (s)shall publish said notice at least FIVE(5) days prior to the date of hearing in a daily newspaper of general circulation in the Mindanao Island.

Party(ies)opposed to the approval /granting of the application /petition must file his/her/ their written opposition with supporting documents, unless this Board deems it necessary to required additional documentary evidence and /or his/her/their oral testimony(ies).

FAILURE TO APPEAR AT THE SCHEDULED DATE AND TIME OF HEARING SHALL MEAN THE DISMISSAL OF THE APPLICATION/ PETITION.

Issued this 10th day May 2018 at Cagayan de Oro City, Philippines.

(Sgd.) AMINODEN D. GURO Regional Director bwm: May 18, 2018

8

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9

BusinessWeek MINDANAO CREDIBLE

RELIABLE

Editor: GILBERT Y. CHAO

mOTORING IN-DEPTH

Friday|May 18, 2018

10

Isuzu mu-X owners embark on an epic Catanduanes Tour

O

n a road trip that spanned over 1,000 kilometers, members of the mu-X Owners Philippines (muXOP) and their families, on board 20 units of the Isuzu mu-X SUV, successfully completed another epic adventure, this time to the picturesque island province of Catanduanes.

Coming along for the trip were representatives of Isuzu Philippines Corporation and members of the motoring media who rode a mu-X LSA Automatic 4×2 and a mu-X LSA Manual Transmission 4×2 variant powered by Isuzu’s newest and most efficient diesel engine, the BluePower RZ4E. The trip started at the Petron KM 44 Southbound service station on the South Luzon Expressway in Calamba, Laguna, leading to an early morning roll-on roll-off (RORO) trip from Tabaco Port in Albay Province to the San Andres Port in Catanduanes.

Catanduanes,

the country’s 12th largest island and a “maogma” (happy) place for the locals, also dished out wondrous sights as the convoy circumnavigated the island that weekend.

The highlight of the 150-km island loop was the stop at Binurong Point, which revealed to visitors standing at the edge of a 200-foot-high seaside cliff a breathtaking view of the open Pacific Ocean.

All throughout, the reliable SUVs of

muXOP provided reliable, consistent power and stability to negotiate the tricky twists and turns of the mountain and coastal roads. The mu-X offered enough comfortable space for entire families and their heavy luggage, and still leave room for the mandatory “pasalubong”. muXOP, headed

by Mr. Val Estor, explained that the barely year-old Club which already counts over 2,000 members has been actively engaging

in group tours and humanitarian missions, the most recent of which was when the club delivered relief goods to those displaced by the recent eruption of Mount Mayon.

The new RZ4E engine, Val noted, would motivate mu-X owners to embark on more trips, what with the vastly improved fuel efficiency, significantly reduced noise and vibration, and cleaner emissions.

The Isuzu RZ4E engine is the result

Occupants of the two RZ4E-powered mu-X SUVs noted that they were able to keep pace with the rest of the convoy despite being loaded with passengers, luggage, camera equipment, and native pasalubong, and still manage to get a respectable fuel mileage of 17.63 km/liter for the automatic, and 14.37km/liter for the manual.

Indeed, “less is more” with the new Isuzu mu-X powered by the innovative BluePower, Euro4 emission-standard of the Japanese 1.9-liter RZ4E diesel carmaker’s 6 years of engine. With the extensive research, introductory price of and represents P1,595 million for the Isuzu’s first foray into RZ4E LSA AT 4×2, smaller engines but P1.570 million for the with higher outputs.

RZ4E LSA MT 4×2, Even while capable of and P1.395 million for generating maximum the entry-level variant 150 PS of power and RZ4E LS MT 4×2, 350 Nm of torque, the one not only saves on RZ4E-powered mu-X the purchase cost, but has been recorded to also on owning and yield up to 37 km per running the vehicle. liter on highway runs. Available colors The RZ4E engine for the BluePower is also 60 kg lighter RZ4E mu-X across all than the previous 4JJ1 variants are Havana engine, meets Euro4 Brown, Cosmic emission standards, Black, Obsidian Grey, and is noticeably Titanium Silver, and quieter.

Silky Pearl White.

11

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Normin... from page 1

with P229 billion (1%).

Four renewable energy (RE) projects in two municipalities in Bukidnon helped push up total investments in the province by 265% compared to its 2016 total and a 20% of the region’s total for the year, second only to Misamis Oriental.

The four RE projects totaled P 2.18 billion (33% of the province total) followed by the Agri-based Sector with P1.883 billion (28%) and Infra and Services Sector with P 1.255 billion (18.78%).

Investments in Lanao del Norte declined 25% to P 894.2-million for 2017, compared to 2016, or 2.68% of the region’s total. The top ten projects monitored were all located in Iligan City including the expansion of a cement plant, a new mall, and commercial buildings.

DTI monitored investments in Misamis Occidental similarly declined by 22% from 2016 to P 883.43-million, comprising 2.64% of total regional investments.

In contrast, the top five investments in the province totalling P12-million were dispersed to various locations including the municipalities of Calamba, Jimenez and Plaridel, and the cities of Oroquieta and Ozamiz, consisting mostly of the construction of commercial buildings.

Not the least, while the island province of Camiguin registered the smallest total investments at P137.3million, it still registered a 72% increase from the 2016 total of P79.94-million for a 0.41% share to the total regional investments monitored.

Rehab... from page 1

spent just to rebuild “ground zero.” He was referring to the now totally devastated area within the city where the fiercest fighting between government troops and ISISinspired Maute terrorists took place over a five-month period.

He a d d e d t h a t t h e rehabi lit at ion prog ram outside the most affected are as w i l l re quire P55 billion, which interventions include efforts from various government agencies. “I think it will fall to P80 billion [at the most],” del Rosario said.

He said the Department of Budget and Management (DBM) has allotted only P10 billion for this year.

Other sources include official development assistance (ODA) funding, like the one recently signed between the Department of Finance (DOF) and Japan International Cooperation Agency for USD18.6million grant aid for Marawi rehabilitation.

DOF Secretary Carlos Dominguez III earlier said 47 percent of the budget for Marawi rehabilitation will come from the budget of National Disaster Risk Reduction and Management

Council.

A pledging session is also being eyed by the government to raise funds -- either through grants or loans -- for the rehabilitation program, Dominguez said. He added that the government likewise aims to offer retail bonds for domestic and international markets.

Moreover, del Rosario mentioned that there will be consultations and negotiations with stakeholders until next week before the development plan is subjected to a Swiss challenge starting May 26.

The development plan for Marawi and other conflictaffected areas is initiated by Bagong Marawi Consortium, involving Filipinos and Chinese companies.

Del Rosario said the government targets to have the groundbreaking for the rehabilitation of the most devastated areas in Marawi by June 16. The entire program is expected to take four years to complete and is expected to be delivered by December 2021. “What they will do is a day and night work, so it will be fast,” the HUDCC chief said. (PNA)

Developing...

from page 1 Mindanao (Region 10) by the Philippine Statistics Authority Region 10 (PSA-10) Regional Director Ronaldo C. Taghap said their agency is currently developing the Provincial Product Account (PPA) for this purpose.

“The methodology is still under development and at present we cannot yet present provincial PPA date but hopefully the PPA would already be available in some future year,” Taghap said.

In fact, Taghap said the PPA is already being piloted in Palawan and Batanes but admits the difficulty of getting data from local government units (LGUs) is presenting a stiff challenge.

Meantime, PSA is extending technical assistance to LGUs to help them source relevant proxy data for their own use such as building permits, employment figures, and electricity consumption that can help LGUs develop their provincial and municipal development plans.

On a parallel track, the National Economic and Development Authority ( N E DA ) i s l o o k i n g at t h e C o m mu n i t y - B a s e d Monitoring System (CBMS) of the LGUs to see how it can be inputted to the PSA methodology for computing GRDP. The CommunityBased Monitoring SystemComputerized Data Processing System (CBMSCDPS) is used to process household-level information gathered through the CBMS survey.

NEDA-10 Director Leon M. Dacanay, Jr., said CBMS has been submitted to PSA but has not yet been accepted nationwide. LGUs use various methodologies to monitor growth, CBMS could be a methodology adopted by all. In the future we can improve on that and improve

the quality validation of the estimates.

“Me t h o d o l o g i e s f o r estimating provincial accounts are now being piloted in island provinces since these are easier to estimate,” Dacanay said.

“Once proven, these can be replicated elsewhere. At present, the current practice is to look at provincial accounts of model provinces like Palawan and Guimaras because it’s easier to estimate these if you look at them as a closed economy.”

The Community-Based Monitoring System is one of the tools developed in the early 1990s under the Micro Impacts of Macroeconomic Adjustment Policies (MIMAP) Project -Philippines to provide policymakers and program implementers with a good information base for tracking the impacts of macroeconomic reforms and various policy shocks.

The CBMS work in the Philippines evolved after it was observed that there was no disaggregated data then for planning, program formulation, policy impact and poverty monitoring.

There was also a need for support mechanisms for the implementation of the decentralization policy. The CBMS is envisioned to serve as a tool for local governance and complement the national poverty monitoring system.

The CBMS can likewise facilitate the implementation of targeted poverty reduction programs with its household and individual level data as well as the monitoring and evaluation of these poverty reduction programs.

CBMS has been adopted by local government units in the Philippines since 2000.

Various policy issuances

by LG Us and nat i ona l government agencies including the Department of the Interior and Local Government , the National Anti-Poverty Commission (NAPC), and the National Statistical Coordination Board (NSCB) have recognized the usefulness of CBMS for generating the necessary disaggregated data for various thematic concerns including local planning, grassroots participatory budgeting, poverty diagnosis, monitoring the Millennium Development Goals (MDG), disaster-risk re duc t ion management (DRRM) and climate change adaptation (CCA), gender and development, impact monitoring, and food insecurity among others.

Technical support to LGUs on the implementation and use of the standard CBMS modules on data collection (CBMS paper-track and CBMS Accelerated Poverty Profiling using tablets), data processing and use of CBMS data in preparing local development profiles and plans is being provided by a pool of accredited CBMS trainers from the DILG and the CBMS International Network Office of DLSU. In Region X, NEDA and RDC X currently use the Quarterly Regional Economic Situationer (QRES) as proxy

accounts for provinces.

“We use this to estimate the outcomes of the GRDP which is why we have a fairly good idea if and when a particular GRDP account approximates our QRES figures or not,” Dacanay noted. “We do this on a quarterly basis using certain proxy indicators which are provided to us by the different agencies.”

Asked about the feasibility of presenting PSA GRDP results with NEDA QRES An nu a l R e su lt s for an approximation of provincial performance by sector, Dacanay said he would suggest the same to PSA for the next GRDP presentation for 2018.

“QRES can validate data nila kasi with QRES you can predict the year end performance because of the quarterly breakdown. If you look at the regional estimates, you can see which province and what sectors contributed more,” Dacanay noted.

PPP...

from page 2

The TWG is headed by Assistant City Legal Officer Atty. Reymond Villablanca with Nimfa-Along Albania of the Oro Trade and Investment Promotions Center, City Budget Officer Atty. Percy G. Salazar, City Engineer Rolando Pacuribot, and Atty.

Jose Sabanal.

The draft is adopted from DILG Memorandum Circular No. 2016-120, which provides the guidelines for the private sector participation in the provision of public infrastructure and social services.

The proposed code aims to provide better, affordable, and timely services to the community and ensure that these projects are feasible, affordable and bankable.

The proposed legislation was endorsed by the Committee on Planning and Development chaired by Councilor Ian Mark Nacaya. (eor/CdeOSP)

Hurst... from page 4

and character every day, He will give you a new life by helping you change with His love and power. Even with all your past failures and wrongs, your Maker will still give you another chance. So why not ask Him today? Just Think a Minute …

Champion... from page 4

Thanks, but no thanks to the Tulfo brothers. The damage has been done.

By now, no such amount of damage control could repair that swollen honor and dignity as respected members of the press.

No matter how we see it, or give comments on it, either positive or negative, corruption in high places persists and likened as a mad dog gone crazy all the way --- a given fact that we cannot outright deny.

Corruption has even become a national past time and this leads to the notion

as to why we have plenty of corrupt people in the government service -- it’s still a ‘whom-you-know’ kind of governance in the bureaucracy.

Dominate... from page 4

study and consultation about this matter, etc. Times are getting more complicated, confusing and challenging, and we cannot afford to get swallowed up and lost by the conditioning circumstances of our life.

This concern should be pursued by everyone, creating a conducive atmosphere for it in the family, in our personal spiritual direction, in schools, offices, parishes, etc.

Boracay... from page 4

of their trade could never be a basis to issue them any land title.

-ooo 6 2 8 . 9 6 H E C TA R E S IN B ORACAY CAN BE DISTRIBUTED: But b e t h at a s i t m ay, t h e Supreme Court recognized the proclamation (Proclamation 1064) which President Arroyo issued in 2006 in w hich s ome 400 hectares of lands in Boracay were set aside as forest reser ve (that will remain under government’s ownership), and the conversion of 628.96 hectares of lands in the island as agricultural lands, capable of being disposed of in favor of qualif ied applicants.

Proclamation 1064 is valid and binding, since it was issued in accordance with law, the Supreme Court added. It was emphasized by the tribunal, however, that the distribution of the 628.96 hectares declared as agricultural lands should adhere strictly to the requirements of existing laws on land distribution.

This would mean that those who have been disqualified by the Supreme Court from acquiring any title to any land in Boracay remains to be disqualified.

It would also appear that the 628.96 hectares of land in Boracay which can be distributed can only be given to other possible interested parties (like the farmers and residents in the island, as what President Duterte said earlier), and not to the businessmen a lre ady dis qu a lif ie d by the court (even if certain rights can still be allowed them at this point).

-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 w w w. f a c e b o o k . c o m / attybatas. Promise, I will answer right away. Thank God in the Name of Jesus, Amen!

Profit... from page 5

meals with the suspension of Middle East operations in 2017.

Higher fuel prices, weak Philippine peso and the airline’s purchase of new aircraft drove the company’s operating expenses 11.8% up to P15.997 billion. “ The increase was primarily attributable to the rise in fuel prices in 2018 coupled with the weakening of the Philippine peso against the US dollar…. The growth in the airline’s seat capacity from the acquisition of new aircraft also contributed to the increase in expenses,” Cebu Air said.

Expenses from flying operations increased 15% to P6.91 billion, mainly due to a 18.9% increase in aviation fuel expenses to P5.853 billion.

Cebu Air also recorded net foreign exchange losses of P838.619 million for the three months, as the Philippine peso weakened against the US dollar. The Philippine peso averaged P52.16 per US dollar for the three months ended March 31, from P49.93 per US dollar for the 12 months ended Dec. 31, 2017.

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

CDO MAIN BRANCH P & J Lim Bldg., Tiano Brothers Kalambagohan Sts., Tel. # (08822) 727-829 * Telefax # (088) 856-1947

DIVISORIA BRANCH Atty. Erasmo B. Damasing Bldg., #61 Don A. Velez St., Cagayan de Oro City Tel. # (088) 857-3631

CAMIGUIN BRANCH B. Aranas St., Poblacion, Mambajao, Camiguin Tel. # (088) 387-0491

LAPASAN BRANCH Lapasan Hi-way, Cagayan de Oro City Tel. # (088) 231-6739

CORRALES BRANCH Corrales Ave., Cagayan de Oro City

CARMEN BRANCH Vamenta Blvd.,Cagayan de Oro City Tel. # (088) 231-2011

DEED OF EXTRA-JUDICIAL PARTITION OF ESTATE WITH DEED OF ABSOLUTE SALE Notice is hereby given that the intestate estate NORBERTO F. PEÑALOSA , who died intestate on August 24, 2008 at DOA. Cagayan do Oro Medical Center, Nacalaban St.. Cagayan de Oro City, Misamis Oriental the deceased at the time of his death left a parcel of land particularly described as follows, to wit; TECHNICAL DESCRIPTIONS LOT 6957 – A , A PARCEL OF LAND (Lot 6957- A, being a portion of Lot 6957, Cad-237, Cagayan Cadastre), Situated in Molugan, El Salvador, Misamis Oriental Bounded on the NE.,along line 2-3 by Lot 6957 – B; on the SE., along lines 3-4-1 by, Lot 6958, Cad-237 Cagayan Cadastre; on the NW., along line 1-2 by Dried Up Molugan River; containing an area of FOUR HUNDRED (400) SQUARE METERS;Is the subject of DEED OF EXTRA-JUDICIAL PARTITON OF STATE WITH DEED OF ABSOLUTE SALE; This Extrajudicial Settlement made and entered into by and among the HEIRS;/VENDORS; That for and in consideration of sum of FIFTY THOUSAND (50,000.00) PESOS Philippine currency, receipt in full is hereby acknowledge from the Vendee ELNORDA L. EBONIA, married to Virgilio J. Ebonia SR., we hereby CEDE, SELL, TRANSFER and Convey, as by these do hereby CEDED, SOLD, TRANSFERRED and CONVEYED portion of the Four Hundred (400) Square Meters, more or less; to be delineated by a competent surveyor unto and in favor to the aforementioned Vendee ,her heirs; Under Notary Public Atty. BUENAVERANTURA E. SAGRADO Doc. No. 261; Page 53; Book No. 118; Series of 2017.

BWM: May 18, 25 & June 1, 2018

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Friday|May 18, 2018

Primavera City launched its remaining inventory Property Giant Italpinas Development Corporation (IDC) launched its last remaining inventory for Primavera City in its rising city center located in Uptown Cagayan de Oro City.

IDC President Atty.

Jose D. Leviste III took this momentous event to express his gratitude to the clients, brokers and all the attendees of the event.

“It is always a pleasure to meet the members of CDO’s community. We are doing a lot of work and we are very excited to deliver it to the community and it is something that we had in our visions since we set foot in Cagayan.

We know CDO is the best place to invest our work, even at that time and up to now this city, that is very dynamic and it is becoming the center of Mindanao, a desirable place to live in.

And from year to year, we see Uptown as the center of Cagayan de Oro.”

The event was attended

by IDC partners such as banks, brokers and seller, construction contractors and unit owners.

Primavera City is the latest vertical development and premier project of the company after Primavera Residences.

Both projects have been awarded as the Best Mixed-use Development in the Philippines at the International Property Awards in 2015 and 2017 respectively.

The projects are located 115-m above sea level at Pueblo de Oro Business Park, one of the booming districts of CDO. Located at the heart of Uptown Cagayan de Oro, Primavera City is situated near important places, such as SM City CDO, Golf course, near Xavier University Grade School and High School, BPOs, regional government agencies, hotels, bank, among others. Considered

as the latest sustainable development in Uptown CDO, Primavera City will harness passive cooling technology using shadow and sunlight control, wind cooling and shape performance, featuring

renewable energy that will be produced from semitransparent photovoltaic panels found on the roof and external, east-side, walls.

“We are very grateful that are now selling the

remaining inventories of Primavera City Phase 1 and now we are preparing the Phase 2 of the development, hoping that for the next event we will still see you and we are on the top floor of Primavera

City facing the Macajalar Bay. Thank you for your support, this development will never be possible without your unrelenting support” said Arch.

Romolo V. Nati CEO/ Chairman