BusinessWeek Mindanao (May 18, 2016)

BusinessWeek MINDANAO

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Volume VI, No. 138

Market Indicators As of 6:45 pm May 17, 2016 (tuesday)

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Cost-efficient gov’t DAVAO City -- The incoming administration of presumptive President-elect Rodrigo Duterte will be fast and cost-efficient with a plan to scale down expenditures particularly on seminar and ‘Lakbay Aral’ (educational trips). This means, seminars will not be held away from work places rather than traveling to other places like Manila. “Why not bring the speaker instead,” he said. He said seminars in government especially Lakbay Aral usually become junket trips and cost a lot of money.

Tourism-related firms SIARGAO Island -- The office of the Department of Tourism (DOT) Caraga region has released the list of accredited tourism–related establishments (TREs) in the province as of April 2016. Most of these establishments are located in Siargao Island which include Dedon Island Siargao Resort; Isla Cabana Resort; Nermit Surf Resort Siargao; Siargao Blue Resort and Spa; Cherinicole Beach Resort; Esther’s Kitchen at Coffee Shop Restaurant; and Island Vacation Travel and Tours. Establishments wherein the accreditation is still on process are Jafe Resort; Romantic Beach Villas Resort; Eddie’s Beach Resort; Reef Beach Houses Resort; Point 303 Beach Resort; and Ocean 101 Beach Resort.

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M’nao poultry group upbeat on expansion www.businessweekmindanao.com

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By MARK D. FRANCISCO, Staff Writer and CARMELITO Q. FRANCISCO, Correspondents

Visitors go to Davao City for ‘political posturing’

T

HE Mindanao poultry industry is upbeat as its members meet in Cagayan de Oro on May 19 for the 2nd BITRADE Broiler Summit to map out plans for expanding markets and ensuring competitiveness and food security. Vicente T. Lao, whose company Maharlike AgroMarine Ventures Corp. is involved in raising ducks and chicken, said the industry has been growing as it takes advantage of its status as being free from the Avian flu virus. “ The industr y has provided a good investment opportunity, although both the government and the private sector must work hand in hand in ensuring that it can sustain its growth,” Mr. Lao, also the chair of the Mindanao Business Council, told BusinessWeek Mindanao. Topics to be discussed expansion/PAGE 11

By CARMELITO Q. FRANCISCO, Correspondent

‘GROUPIE’. Presumptive President and Davao City Mayor Rodrigo Duterte gamely poses for a “groupie” with some guests at Hotel Elena in Davao City in the wee hours of the morning on Monday. This was Duterte’s first appearance to the public since he took a break last Monday. Mindanews Photo by Keith Bacongco

Lopez Group investing $330-M for 2 hydro projects in M’danao By MYRNA VELASCO, Contributor

LOPEZ-owned First Gen Corporation will shell out fresh capital of up to $330

million to advance the development of two of its three blueprinted run-of-

river hydropower projects in Mindanao. Ac c o r d i n g t o F i r s t Gen chief financial officer lopez/PAGE 11

word on federalism in the country when he assumes the country’s highest post by June 30. In a press conference

at the Matina Enclaves here Monday, Duterte said that some lecturers and experts will also sit in the federalism/PAGE 11

Creation of new commission eyed to spread word on federalism By ANTONIO L. COLINA IV, MindaNews

DAVAO City – Incoming P re s i d e nt R o d r i g o R . Duterte will create a separate

commission comprised of Moros, Lumads and Christians to spread the

DAVAO City -- Visitors have suddenly arrived in droves after this city’s mayor, Rodrigo R. Duterte, won in the presidential race. However, most of them are not heading for the beach nor are they visiting highland resorts. S e ve r a l tou r i st s are rep or tedly in town for political posturing. That much has been acknowledged last week by Peter T. Laviña, spokesperson of Mr. Duterte. He said these visitors are lobbying for positions ever since Mr. Duterte’s Transition Team has been evaluating applications for the 6,000 vacancies that would have to be filled when he assumes the country’s highest post. Besides members of the national and international media who are here to cover the Philippine’s next president, well-wishers, company representatives, and politicians -- some of them losing candidates in the last elections -- have been spotted in hotel lobbies. As a result, hotel occupancy has shot up since a week before the May 9 polls, posturing/PAGE 11

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E conomy 2 Agrarian reform coop to benefit from SSF project 2013 ppi’S Best in Business and Economic Reporting

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MALAYBALAY City — Rubber semi-processor First Agrarian Reform Beneficiary Cooperative (FARBECO) received a P1.4 million worth of equipment from Department of Trade and Industry (DTI) in Bukidnon, May 4.

Granted through DTI’s Shared Service Facility (SSF) project, this million-worth equipment called “rubber macerator,” which is now housed at FARBECO Center in Talakag town, Bukidnon, w i l l s olve t he c u r re nt bottlenecks faced by the

cooperative. DTI provincial director Er me dio Ab ang s aid FA R B E C O pro du c e s a product called Estate Brown Crepe (EBC), which are commonly used for soles of shoes and boots. E qu ipm e nt s uppl i e r

representative Florisimo Buenafe of the First and Finest Technology Corporation explained that the equipment functions to break the rubber cup lumps and latex and form them into a product called Estate Brown Crepe or EBC. reform/PAGE 10

DTI holds leadership seminar for farmers MALAYBALAY City -- Board of Directors and officers of five farmer-organizations, including its 29 group leaders, attended the Seminar on Basic Leadership held in Talakag town, Bukidnon. Conducted by the

provincial office of the Department of Trade and Industry (DTI) in Bukidnon, through its Comprehensive Agrarian Reform Program (CARP), the seminar focused on the seven leadership styles namely autocratic,

democratic, bureaucratic, transformational, situational, transactional, and laissezfaire. B asic le adership characteristics were also shared to participants. DTI Provincial Director Ermedio J. Abang said the

seminar aims to apprise participants of their crucial roles and responsibilities to achieve success through good and effective leadership. The First Agrarian Reform Cooperative (FARBECO), CARP United Beneficiary Multi-Purpose Cooperative (CUBMPC), Bagong Silang Development Farmer Association (BASIDFA), Cawayan Liguron D a g u n d a l a h o n Fa r m e r Association (CALIDAFA), and Ilaw Ta Dagumbaan seminar/PAGE 10

Which is which? To Laugh or to Cry? By Nicetas B. Monsubre

Which do you prefer? To laugh or to cry? Oh, I got the obvious answers. I know a lot of us would prefer to laugh than to cry. I know that many of us would better go with laughter here and there than choosing pain, sorrow and heartaches. But do you think that those who laugh really mean they’re happy? Or those who cry really means they’re sad or lonely? No, no, no! We really can’t say that all the time. Maybe some are just pretending to be happy or sad. Emotions come and go. Maybe you laugh now or cry later. It’s unpredictable and surely, everything is temporary. As they say, laughter is the outburst of a happy character. I did asked this question to some people who are laughing. Why laugh? And they gave me different answers. Some did laugh because of their accomplishments. Maybe, they got the highest score in the class examinations. That sounds obvious anyway. Some also are happy because of the people around them such as their families, friends or even

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strangers. Maybe these people are their inspirations in reaching their goals in life. That sounds so true for I am one of those whose inspirations are my beloved family. But I’ve observed that there are some who laugh but honestly, they’re not happy. Some are just pretending to be happy all the time. One reason is that, they just want to inspire other people by pretending that he is. On the other hand, there is an opposite one which is tears or crying. Tears are somewhat good and somewhat bad. It is good for it can help excrete the bad acid or toxins in our body through crying. It’s obviously bad for it may mean you’re sad and unhappy. And yes, that’s true. Some are crying because of grief and sorrow. Maybe, they’ve just lost their loved ones. Some are crying especially the teenagers because of heartaches. Some also are crying because of the vast problems they’ve encountered. Most of all, some are crying because of their accomplishments or extreme happiness. That is what we called “tears of joy”. [It does mean that not because you’re happy, you have to laugh and laugh, there are instances that we’ll be burst with tears.] Indeed, life is unpredictable. You may cry now and laugh later. Well anyway, we have a lot of choices. Choose what you think is appropriate. If you think it is right to laugh, then laugh, if otherwise, then don’t. You have your right. But remember one thing, you don’t need to pretend your feelings or emotions. Your emotions reflects your character. Be yourself.

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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Half A Dozen Miracles (Part 2) In a previous article, I narrated the remarkable experience my son and I had as we attended the Chrism mass at the Cathedral last month. I counted that we have been favored with 6 miracles arising from the mass. I have already enumerated 4 of the miracles in my preceding column. In case you haven’t read it, I shall briefly narrate them again. The first miracle was when the road going to the church was blocked. There was a No Entry sign with a rope blocking the way. We were earlier told by the traffic officer that only priests are allowed to enter. However, when we reached the No Entr y sign, surprisingly the watchman removed the barricade & permitted us to freely enter. I declared that as miracle number one. When we were inside the compound of the church, we had another problem. The place was jampacked with vehicles and there was absolutely no parking space available. But suddenly, right in front of us, a car backed out, fortuitously leaving vacant a parking space. Miracle number two! We lost a lot of time navigating our way to the church, so I knew that we

were late for mass. But lo and behold, we were right on time. This being a Chrism mass, the celebration was moved from 5:30 to 6:00pm. Miracle number three! Since this is a special mass, the church was overcrowded and suffocatingly hot. There was absolutely no empty seat to squeeze in. I realized with some apprehension, that I will be standing on my wobbly legs the entire long mass. It will be exhausting and distressing. But I thought of Jesus’ terrible agony in Calvary, and my little ordeal looked ridiculously insignificant. Then like a knight in shining armor, I saw my young friend, the beggar, elbowing his way towards me. He was bringing a precious plastic chair. To my grateful eyes, it seemed like a throne, not a chair. That sublime moment was miracle number four! I have a daily motivational radio program at DXRU Radio Ultra which runs from 7:00 to 8:30pm. As the mass progressed to 7:00, I was starting to get anxious about my program. Shall I leave after receiving Holy Communion or should I stay until the end of the mass? If I stay, I would be dreadfully late for my program. I

i mag i ne d t he liste ne rs getting tired of waiting for me and transferring to another radio station. I was tormented to make the right decision. Then my mind was illuminated with the thought that Jesus is fully present here in the mass. It will be a sacrilege to turn my back on Him, while He is right there in front of me at the altar. I made the decision to stay, and peace flooded my heart. I realized that the torment I felt was the devil tempting me to leave. But I asked God for succor, so He enlightened my mind. He never fails! I was finally on board my radio program at 8:00pm. I apologized for my tardiness, explaining about the mass and narrating my four miracles up to this point. I was inundated with text messages from listeners affirming that I made the right decison to finish the mass. They didn’t mind that I was late. They assured me that they will always be there, faithfully following my program. Isn’t God magnificent? This is miracle number five! D ue to my t ang ible experience of God’s tender, loving ways, I felt that my program was remarkably inspiring that night. I veered

The Happiness Coach

Girlie Gualberto-Suan away from the outline I prepared, and allowed my grateful heart to take the lead. My tongue was on fire as I gave a passionate testimony of how God likes to surprise us, and then thrill us with His thunderbolt of miracles. This loving God is always brewing something wonderful! I’m amazed that God took pity on a nobody like me, and stooped to use me as His mouthpiece through my radio program. In God’s economy, everyone is useful, as long as he is willing and available. That’s my miracle number six. In a span of three hours, I was deluged with half a dozen miracles. I’m dazzled. Truly, God is the wondermaker. I do declare, we are never short on miracles. Everyday we are alive is in itself a miracle!

Why are we turning around so soon?

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The Royal Entrance Think a minute…A few years ago the Queen of England made a short visit to the United States. She took 4,000 pounds of luggage. The queen had 2 outfits of clothes for each occasion. She took with her 40 pints of blood in case she needed emergency surgery. She brought her own hairdresser, 2 drivers, and many other servants. The queen’s brief visit to America cost 20 million U.S. dollars! Compare that royal entrance to God’s visit to earth. Jesus Christ entered the world in a small animal shed. The newborn King of the world slept in a feed trough for animals. Although the world’s calendar is based on this King’s birth, there were probably more animals to welcome Jesus than people. Jesus’ mother, Mary, was just a 14-15 year old teenage girl who was not married when she became pregnant with Jesus. It was an embarrassing scandal. In fact, if this happened to a teenage girl like Mary today, there is a strong chance Jesus would have been aborted. And Jesus’ hometown was a poor, low-class area. Yet God chose to come like this to show us that even with all the unfair, bad things in life that happen to us, with Jesus in charge of our life everyday, you and I can still have successful,

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THINK

A Minute

Jhan Tiafau Hurst happy lives. So if you think that you got a bad, unfair start in life, Jesus knows exactly how you feel. He was hurt and treated unfairly all his life. He was even finally killed and executed as the worst of criminals for something he never did. Yet even death could not stop Him and keep Him down. After being dead and buried for 3 days, Jesus came back to life and proved that He is God the Son Who’s the Lord of life and death. This Christmas, Jesus Christ wants you to receive His supernatural peace and power, so you can succeed and handle whatever bad, unfair things happen to you. So why not ask Jesus to forgive you for living your own way, and decide to start living His way for the rest of your life? Just Think a Minute…

LIFE’S INSPIRATIONS: “… Dishonest money dwindles away…” (Proverbs 13:11, the Holy Bible). -ooo DUTERTE WON’T GO AFTER BINAY? For the second time, President Elect Rodrigo Duterte voiced out his plan not to run after government officials who had been accused of stealing hundreds of millions of pesos in government funds. This time, Duterte said he will not run after Vice President Jejomar Binay, who is accused of having overpriced a Makati Cityowned structure by as much as P2 billion. Duterte made the statement after Binay called him and congratulated him on his election as president of the country. B efore the Makati Business Club shortly before the May 09, 2016 elections, Duterte said he was willing to turn a blind eye---in short, he was willing to condone--the acquisition of fabulous wealth by officials while they were in service prior to his becoming president, but that the thieves and plunderers must stop their corruption after he is sworn in.

-ooo NOTHING NEW, THEN, U N D E R A D U T E RT E GOV’T: If one is a Duterte fan and supp or ter, t he w ay t o d e s c r i b e t h e s e pronouncements of the long-time Davao City mayor is, it is a form “healing the divisiveness of the nation”, by not pu rsu i ng t ho s e who are being accused of wholesale graft, so unity among government leaders could be achieved. On the other hand, if one is a Duterte basher, what Duterte had been saying is a form of “sellout to the enemies of good governance” because that, in effect, is giving premium to corruption. If one is neither a Duterfe fan or a critic, the best way to characterize what Duterte has been saying about the theft of government money is this: it is really nothing new, for if the truth be told, the truly corrupt and inveterate grafters are not really prosecuted and then sent to jail, at any given time. -ooo WHY ARE WE TURNING AROUND SO

SOON? And this gives me serious misgivings about the sincerity of the promised “true change” that would come to the country once Duterte got elected into office. The question here would be, if officials who are facing serious accusations of having stolen billions of government funds will not be prosecuted to the hilt, would officials who are similarly inclined be dissuaded from stealing? Ever yone knows the answer to this question, I am sure. And so, I am left wondering: why couldn’t we just allow the prosecutorial and judicial processes to take their natural course so that if investigation and prosecution and conviction are truly warranted by the evidence, then let there b e s u c h i nv e s t i g at i on , prosecution and conviction. Why do we have to preempt these prosecutorial and judicial processes this early in the Duter te administration by dis cl aiming of f ici a l presidential interest in running after the personalities accused of crime and corruption? Didn’t

K akampi

Mo A ng Batas

Atty. Batas Mauricio the incoming administration ride on the crest of popular discontent about corruption, cr iminality, and illegal drugs? Why do we appear to be turning around so soon? -ooo PLEASE LISTEN: “Ang Tanging Daan” (The Sole Way): a Bible study and prayer session online could now be heard, 24 HOURS a day, in the Philippines and the world at www.facebook. com/angtangingdaan or w w w. f a c e b o ok . c om / ANDKNK (and look for “Ang Tanging Daan” broadcasts). Phone: 0922 833 43 96, 0918 574 0193, 0977 805 9058. Email: batasmauricio@ yahoo.com.

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PSE sees continuing stock market rally as more firms to launch IPOs T HE Philippine Stock Exchange (PSE) expects the sto c k marke t r a l ly to continue over the next few days after investors get clues on economic strategy of the incoming Duterte administration, thus encouraging more companies to launch an initial public offering (IPO) this year. “We’re just hoping that as there is stability at the political front right now, that continues to translate to more activities in the market in terms of liquidity, but secondly also more activities in the real sector,” said PSE President and Chief Executive Officer Hans Sicat in an interview. Si c at s ai d i nve stors are getting more details of presumptive President Rodrigo Duterte’s economic agenda,, including those involving loosening on

constraints on the economy, accelerating infrastructure spending and maintaining fiscal discipline along with simplifying the tax code He added industry players are also hopeful about the incoming administration which is considering a Cabinet that is “credible and widely represented.” The local stock barometer surged to a nine-month high on Monday at 7,511.74 also after the Bangko Sentral ng Pilipinas (BSP) announced cuts in overnight lending and borrowing rates. Sicat said they remain optimistic about hitting its Php200-billion fund-raising target this year, as more companies are expected to launch initial public offerings (IPOs) after the May 9 elections. At least four companies are expected to go public to raise up to Php50 billion in the second half of 2016.

Banks’ non-performing loans decline at end-March BIG BANKS further trimmed the share of soured debts in their total loan portfolio in March despite handing out more credit this year, data from the Bangko Sentral ng Pilipinas (BSP) showed. Non-performing loans (NPLs), which are debts left unpaid for at least 30 days past their due date, stood at P97.112 billion for the month, posting a slight decrease from P97.365 billion recorded in March 2015. Relative to total credit handed out by universal and commercial banks, the share of bad debts dropped to 1.72% to improve from a 1.95% NPL ratio posted during the same period last year, according to

central bank data. Across the entire banking sector, the share of NPLs stood at 2.23%, with P145.165 billion of bad debts against total loans amounting to P6.507 trillion for the first three months of 2016. The ratio has improved from the 2.47% share seen at endMarch 2015. Non-performing assets held by big banks, which include seized properties and other assets, likewise dropped by 5.5% for as of the first quarter to P177.538 billion from P187.817 billion previously. With the drop in the share of NPLs, the banks likewise loans/PAGE 10

Brigada Eskwela By Alma O. Vallescas Teacher III Don Carlos Norte Elementary School

Armed with brooms and dustbins, parents, teachers, students, school heads will troop to various public schools nationwide for the annual Bayanihan Para Sa Eskwelahan, commonly known as the Brigada Eskwela. Brigada Eskwela is an annual cleanup activities of t he D ep ar t ment of Education (DepEd), based on DepEd Order no. 24, series of 2008. Some public schools started to implement the annual cleanup day as early as January or on the third week of MAY, the actual i mp l e m e nt at i on s t a g e of the Brigada Eskwela Week, also referred to as the "National School Maintenance Week." This annual cleanup and

beautification exercise have already gained the support not only from parents, and students, but from local government units (LGUs), church groups and even from the private sectors. Br i g a d a E skwel a is not just about making the school surroundings clean, but to ensure that students are safe and free from pesky mosquitoes.

In 2015, total capital raised at the Exchange reached Php184.60 billion, making the Philippines the second highest in the terms of capital raising among ASEAN members next to Malaysia. Further, Sicat said the country needs to further cre ate an env ironment conducive for the growth and development of the stock market. He said lowering red tape, reducing the difficulty

of doing business in the Philippines and simplifying the tax code are important. ”And arguably, the Charter relaxation will not just (send) a strong signal but clearly, if we can get this going, I think it will send a very, very strong message to the market that the economic team is serious in terms of trying to meet the challenges not just of the local economy but also how we integrate with ASEAN in mind,” he said. (PNA) Presented by

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R I Z A L C OM M E RC IA L Banking Corp. (RCBC) is appointing a new president and CEO after the resignation of its former chief in the wake of money laundering allegations that surrounded the bank in the past months. The banking arm of the Yuchengco-led conglomerate yesterday announced that its Board of Directors has approved the appointment of Gil A. Buenaventura as President and CEO of RCBC effective July 1, replacing Lorenzo V. Tan who tendered his resignation with the bank

early this month. “Soft spoken and a quiet worker, [Mr.] Buenaventura brings with him a wealth of experience in universal banking and large operations that is critical to RCBC’s further growth,” RCBC said in a statement. Mr. Buenaventura, 63, is currently the president and CEO of the state-run Development Bank of the Philippines (DBP), which “he steered to unprecedented growth” in terms of income and total resources, making chief/PAGE 10

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DTI to host writing contest M

A L AY BA L AY, Bukidnon — Department of Trade and Industry (DTI) Region 10 has announced t h at entr i e s are n ow accepted as it holds the ‘Best Feature Writing’ contest on June 23-24, 2016 in Iligan City. DTI 10 Regional Director Linda O. Boniao recently invited all universities and high schools in Bukidnon, and the entire region, to participate in t he comp etition. This is in consonance with the activity “Negosyo, K o n s y u m e r AT B P ” which will showcase the Micro, Small and Medium Enterprises’ (MSMEs) rags to riches stories behind DTI interventions. Likewise, DTIBukidnon Provincial D i r e c t o r E r m e d i o J. Abang said this activity will showcase not just the DTI-assisted MSMEs but the students’ writing skills Blood donation at JRBGH. Relatives of patients, City Hospital employees and volunteer-donors flock and as well. donate blood on May 12 at JR Borja General Hospital led by Dr. Ramon Nery and new councilor-elect George “A s i d e f r o m t h a t , Goking.(CIO/PIA10)

they will also win prizes w h i l e i nspi r i ng ot he r entrepreneurs across the countr y through their story,” Abang said. The contest welcomes all colleges, universities, and high schools in Bukidnon to send their entries to DTI-Bukidnon provincial office before June 10, 2016. Based on the contest criteria released by DTIBukidnon, all entries must feature noteworthy MSMEs whose journey was greatly influenced and affected by DTI interventions through its business development programs and services. All submitted entries will undergo a rigid screening process. Winning entries will be announced during the media conference on June 23, 2016 in Iligan City and will be published in DTI publication. “Interested schools may submit their entries at our office in Malaybalay City or call us if they have questions,” Abang said. (Laurence D. Pradia, DTI-Bukidnon)

Lanao del Norte hosts Rescue Team Congress LANAO DEL NORTE – More than 7,000 members of the Emergency Response Unit from 195 barangays of Lanao del Norte province converged at the Mindanao Civic Center gymnasium for the 4th ERU Congress. The provincial government organized this event through its Provincial Disaster Risk Reduction and Management Office (PDRRMO) in coordination with the Provincial Community Affairs Office (PCAO) and Philippine Red Cross-Lanao del Norte Chapter. The congress was highlighted with simulation exercises that showcased the life-saving skills

of the ERU members as they respond to different disaster scenarios. Each barangay belonging to the 10 identified disasterprone municipalities have an ERU composed of a team leader and 43 members. The ERU is designed to capacitate those qualified people in the barangays to make them an effective line of defense during calamities and disasters. The ERU in every barangay is also our first responders to accidents in their respective areas and assist us during relief operations, explained PDRRMO Head Marlyn Trozo. Among the disaster-prone towns of Lanao del Norte include

Kapatagan, Lala, Baroy, Tubod, Kolambugan, Maigo, Bacolod, Kausawagan, Linamon and Matungao. Members of the ERU were given several trainings like basic life support and first aid, fire suppression, and disaster preparedness. Some members of the ERU are also identified as regular blood donors to the local Red Cross chapter. They are chosen due to their healthy lifestyle and they also undergo regular checkup. Several sacks of rice and grocery packs were also raffled off to the participants during the well-attended ERU Congress. (VNL/PIO-LDN/PIA-10 LDN)

OSY skills training completion. About 100 out-of-school-youth beneficiaries who underwent a 10-day life skills training under the JobStart Philippines program complete the course on May 13 at Lourdes College Auditorium. The program is a joint effort of the Cagayan de Oro City government, Department of Labor and Employment (DOLE), Asian Development Bank (ADB) and Government of Canada. (CIO/PIA10)

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HappyFresh & Robinsons Supermarket Make Everyday Grocery Shopping Easier HappyFresh and Robinsons Supermarket Enter Exclusive Partnership to Offer Greater Benefits for Customers in the Philippines HappyFresh, Asia’s leading online grocery company, today announced a new strategic partnership with Robinsons Supermarket, a subsidiary of Robinsons Retail Holdings Inc, redefining grocery shopping experience in the Philippines. The collaboration marks the first partnership for HappyFresh in t he Philippines as the company deepens its footprint in the country. With Robinsons Supermarket available on HappyFresh’s desktop and mobile application, customers can now enjoy a wider variety of goods and services and

greater convenience when they order their groceries online. As HappyFresh’s first partner, Robinsons Supermarket will also be launching 20 branches in Metro Manila. Isabel “Pao” Barrientos, Ma n a g i n g D i re c t o r o f HappyFresh Philippines said, “As one of the most populous and well-connected countries in S out he ast Asi a, t he Philippines is an important country for HappyFresh in terms of market potential. Local customers recognize the convenience of ondemand and scheduled grocery/PAGE 9

Philippines to benefit from new UN education fund By LIEZEL V. ANTONIO Teacher I Prenza Elementary School

AT the World Humanitarian Summit next week, more than 100 of the world’s leading countries, companies and philanthropists will join forces to create a major breakthrough in the effort to assist millions of children who’s education has been disrupted by conflicts and natural disasters, the United Nations envoy for education announced. The new Education Cannot Wait fund is being launched next week at the summit in Istanbul, Turkey. One in four of the world’s school-aged children – 462 million – now live in countries affected by crisis. Of these children, 75 million are in the most desperate

need of support – they are either in danger or of already missing out on their right to education. During crises, children are particularly at risk of missing out on their education yet schools provide a safe space and a vital routine for children during times of major upheaval. Education gives children the building blocks to rebuild their lives and eventually, their country. Yet despite the scale and gravity of this challenge, now is a moment of opportunity – with increased high-level political commitment to enable access to quality education for all children and young people leaving no one behind.

All guidance counselors must be updated By FE T. ABELLA San Antonio Elementary School Tangub City

BECAUSE we are already aligned with Asean integration, it is should be natural for our public schools to have guidance counselors who are world class. All secondary schools must have access to a mental health professional on site to help combat children with conditions such as anxiety and depression. According to a study by the UK-based Institute for Public Policy Research, secondary schools are wellplaced to play a central role in improving children’s mental health because, while children might only see their guidance counselor once or twice each year, they are in school for 200 days a year. Schools are particularly well placed to b e the hubs from which early

intervention support for pupi l s w it h e me rg i ng mental health problems can be based. But schools must be able to regularly access high-quality specialist s u p p o r t f ro m m e nt a l health professionals and counselors. Without these very affordable changes, the life chances of the next generation will continue to be needlessly blighted by mental ill health. The study also called for counseling to be made a regulated profession with a dedicated route for those working in a school setting with children and young people. Children’s mental health must be a priority for the incoming DepEd secretary Peter Laurel. We know that intervening early can have a lasting impact.

From L to R: Mr. Jody Gadia - General Manager, Robinsons Supermarket Corp. (RSC), Ms. Robina Gokongwei-Pe - President & COO, Robinsons Retail Holdings, Inc. (RRHI) and Ms. Isabel “Pao” Barrientos, Managing Director of HappyFresh Philippines

CEB joins world’s first pan-regional LCC alliance

Alliance formed by eight market champions brings exceptional value to invaluable travel experiences The Philippines’ leading airline, Cebu Pacific (PSE: CEB), together with seven other market champions in Asia Pacific, today announced the formation of the world’s largest low-cost carrier (LCC) alliance – the Value Alliance. CEB (including wholly owned subsidiary Cebgo), Jeju Air, Nok Air, NokScoot, Scoot, Tigerair Singapore, Tigerair Australia and Vanilla Air – will provide greater value, connectivity and choice for travel throughout Southeast Asia, North Asia and Australia, as they bring their extensive networks together. Customers will be able to

view, select and book the bestavailable airfares on flights from any of the airlines in a single transaction, directly from each partner website, thanks to groundbreaking technology developed by Air Black Box (ABB). This means more destinations, more routing options and greater convenience for customers of each airline. Unlike typical interline technologies, ABB also allows guests to enjoy the full suite of ancillary choices they have come to appreciate from LCCs, such as seat and meal selection, variable baggage allowances and other inflight features – across all

partner airline sectors in a single itinerary. ABB’s Air Connection Engine (ACE) platform has filed for NDC Certification with IATA and is expected to complete full certification soon. T h e Va lu e A l l i an c e ai rl i ne s , w ho to ge t he r cover a third of the earth and serve more than 160 destinations with a collective fleet of 176 aircraft across the Asia Pacific region, will strengthen distribution in their non-home markets, expand their saleable networks via the provision of interline itineraries, retain their ancillar y revenue opportunities and offer their

customers a better, one-stopshop experience. Lance Gokongwei, President and CEO of Cebu Pacific remarked, “All of our airline partners are champions in their local markets and well regarded for their value and service regionally and nationally. The Value Alliance is a clear example of how LCCs can accomplish more by working together than we could do individually.” “We are extremely excited by the opportunities this partnership presents to our guests. The Value Alliance partners are leaders in their alliance/PAGE 9

World’s first pan-regional LCC Value Alliance launched today by eight partner airlines. From left to right: (Katsuya Goto President of Vanilla Air, Robert Sharp Chief Executive Officer of Tigerair Australia, Lee Lik Hsin Chief Executive Office of Tigerair, Campbell Wilson Chief Executive Officer of Scoot, Piya Yodmani Chief Executive Officer of Nok Scoot, Patee Sarasin Chief Executive Officer of Nok Air, Ken Choi Chief Executive Officer of Jeju Air and Michael B. Szucs Chief Executive Adviser of Cebu Pacific

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CorporateWorld

AgriNurture returns to black led by rice trading business; exports plunge AGRINURTURE, Inc. said it booked a net profit in the three months to March, marking a turnaround from its year-earlier losses, with a major decline in its export business offset by profitable rice trading operations. The company, controlled by Antonio L. Tiu, said in a disclosure to the stock exchange that net profit was P4.83 million for the three months ending March, compared with a loss of

P41.71 billion loss in the comparable period last year. AgriNurture’s income attributable to equity holders was P2.53 million compared with the P35.45 million loss registered a year earlier. Sale of goods and services totaled P200.7 million, down 71% from a year earlier, mainly due to declining exports. Local operations contributed 43% while sales Returns/PAGE 10

Aboitiz Power 2016 capex rises as 3 plants enter home stretch

A

B OI T I Z Power Corp. has set aside P51.5 billion for capital expenditures (capex) this year, with the bulk earmarked for three ongoing projects that are expected to be completed next year, the company’s President and CEO said on Monday. For this year’s budget -- an increase of nearly 50% from the previous year -most will go to financing the

Values in Life By Nicetas B. Monsubre

If there is one cure for an ill person, and you know that cure but don’t share it, you will be an immoral and unconscientious person. An instance, a bus driver with many passengers driving in a steep mountainous slope. You see him dozing off and the bus starts to reel off to its side. You know the coming danger but you do not bother to wake him. By doing that, you show that you don’t care if all of you will perish together. Many a people think that way. As a result, all of us are hurting. We are harmed by those people who only think of themselves. We are bitten

by the mouth of those greedy people who are craving for money, fame and power. If the world keeps deteriorating like it does now, then one day, all of a sudden, a crisis that no one can escape will rage like fire. Where are our values in life that we once upheld? When will we take it back? When will we care for other’s sake, for someone’s happiness and for anybody’s well-being? I just doubt about people who seems insensitive to the needs and feelings of others. What are they come up to? “Love your neighbor as you love yourself for this is

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the greatest commandment.” Love God. But let us not forget that the greatest manifestation of our love to God is our love for others. And this is very possible. By doing that, we are not in despair. Hope still lives. The earth can revive and humanity will be repaired. Values can still be restored. Now is really the time to think deeper about loving, helping and showing care to everyone. This is an outcry to awaken our conscience of our sincere hearts. Are your values also deteriorating? The answer is yours alone.

68-megawatt (MW) Manolo Fortich hydroelectric power plant in Bukidnon, the 340MW Therma Visayas and 420-MW Pagbilao III coalfired power plants. “The one that can be f inishe d t he e arliest is Ma n o l o Fo r t i c h ,” s a i d Antonio R. Moraza, Aboitiz president and chief operating officer, in a news conference a f t e r t h e c o m p a n y ’s shareholder meeting. The plant is expected to augment Mindanao’s power supply. He placed the completion date of the Manolo Fortich project “sometime next year, probably in the third quarter,” with the Pagbilao plant’s completion set by November 2017. He said the Therma Visayas facility in Cebu could be finished in 2017, without giving a more specific date. The move to allot more funds for power projects is aimed at the company’s “continuing efforts, together with its partners, to increase total capacity to 4,000 MW by 2020,” he said. Aboitiz Power’s 2016 budget represents nearly 88% of the P58.4-billion capital spending earmarked for Aboitiz Equity Ventures, Inc. (AEV), the publicly

listed holding and management company of the Aboitiz conglomerate. Based on the company’s annual report, the Aboitiz Power’s net sellable capacity amounts to 3,174 MW, of which 2,402 MW can be attributed solely to the firm. The publicly listed company takes partners in a number of its projects. The company said its p or tfolio of generation assets accounts for 16% of the country’s installed generation capacity. Of its capacity, 1,217 MW are classif ied as rene wable energy projects while 1.957 MW are largely baseload coal and oil-fired plants. The company operates 45 generation facilities. E r r amon I . Ab oit i z , AEV president and chief executive officer, said the company remains supportive of renewable energy “but cognizant of the cost that comes with it.” But he said what the company wanted to see “is more competitive pricing” for future renewable projects, referring to the g o v e r n m e n t’s f e e d - i n tariff scheme that offers a guaranteed fixed rate including possibly bidding

out t hes e cle an energ y projects. “We are lo ok ing for the lowest cost even in renewables,” he added. Mr. Aboitiz also said that AEV is always in the lookout for opportunities in the Philippines and in the Asian region for possible proj e c ts, including t he assets of US multinational Chevron Corp. amid talk that it is unloading some of its holdings. “At t h i s t i m e , we’re waiting for formal advise,” he said. He also gave an update on the 600-MW coal plant in Zambales under Redondo Peninsula Energ y, Inc., which is a partnership of its unit Therma Power, Inc., Taiwan Cogeneration International Corp. and Meralco PowerGen Corp. holding the controlling interest. “Towards end of the year, we could probably start that project,” he said. AEV also has exposure in banking and financial ser vices, food, land and infrastructure. It previously said that proper ty unit Ab oit iz L and, Inc. was allotted P2.7 billion “to rises/PAGE 10

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Loans... from page 5

reduced their allowance for credit losses to P129.193 billion from P134.544 billion. In particular, loan loss reserves stood at 2.28% of total credit, down from 2.7% from a year ago as a cover for potential loan defaults. Still, banks’ coverage for bad loans remained more than enough at 133.03% as of end-March, though slightly lower than the 138.19% previously. The BSP monitors NPL ratios of banks and financial entities to evaluate asset quality, in keeping with its mandate of keeping a sound and stable banking system. Big banks also remained profitable during the first quarter, having raked in P34.941 billion in net income up from the P32.773 billion posted during the same period last year. The 6.6% rise in total profits was driven by a 12.5% climb in interest income to P75.44 billion. This offset a slight decline in non-interest income derived from service fees and commissions to P31.294 billion from P35.053 previously due to lower gains from the trading of securities a n d f o r e i g n c u r r e n c y. Operation costs also saw a 5.6% uptick to P66.402 billion from P62.854 billion last year. For the quarter, banks’ cost-to-income ratio stood at 63.81%, alongside a 1.17% return on assets and 9.8% return on equity. Bi g b an k s p o s te d a P120.275- billion net income at end-2015, a slight dip from the P121.661-billion profit secured in 2014.

Grocery... from page 7

grocery delivery services and we are excited to be partnering with one of the

largest supermarket chains in the country to bring quality service at a wide range of price points to our customers.” Based on our data analytics, eight in 10 of our customers are women. Between working full-time and looking after their family, there is little time left to be stuck in a traffic jam when they make a trip to a nearby supermarket. As such, HappyFresh wants to alleviate this struggle by delivering groceries right to their doorstep,” she added. obinsons Retail Holdings saw a 21.9 percent increase in net income of P4.34 billion in 2015, partly driven by improved performance of its supermarket operations. As one of Manila’s most reputable and trusted supermarket, Robinsons Supermarket is a good fit and natural choice for HappyFresh’s expansion in the Philippines. “O u r c o l l a b o r a t i o n with HappyFresh presents opp or tu n it y for u s t o digitalize our services and reach out to more customers who are increasingly using digital platforms to purchase necessities at their convenience. By of fe r i ng n e x t - h ou r delivery to our customers, we are able to positively differentiate ourselves from our competitors. In short, HappyFresh compresses 2000 square meters store floor in as little as a 4-inch smartphone screen,” said Mr. Jody Gadia, General Manager of Robinsons Supermarket. “As a partner of choice for HappyFresh, we are also delighted that our extensive network of stores plays a meaningful role in helping local customers manage their grocery shopping. As the first major retailer to promote health and wellness, we are aligned with HappyFresh in their effort to promote healthy living through high quality and fresh food.” Mr.

Gadia added. Hap py Fre s h i s n ow accessible on desktop and mobile app in Metro Manila.

Alliance ...

from page 7 respective territories, having forged loyal followings by providing value, service and commitment to their home markets. By working together we can offer our guests a wider choice of destinations and flights – at the most competitive airfares – all in one go,” said Scoot CEO Campbell Wilson. Added Patee Sarasin, CEO of Nok Air, “ The opportunity enabled by ABB and the Value Alliance to offer ancillary products through interline channels is a significant benefit over other partnerships, given LCCs typically earn 10-25 percent of their revenues from such items.” S co ot, Nok Air and NokScoot are already offering each other’s flights and fares powered by the new ABB technology and other alliance members will follow in the coming months. “The technology enables us to interface with other airlines within the Value Alliance, including those using different passenger service systems (PSS), to provide a solution to a guest’s travel query – even on routes Vanilla Air may not itself serve to connect Japan to the rest of Asia Pacific,” noted Katsuya Goto, President of

Vanilla Air. Asia Pacific’s tourism industry is the largest in the world, offering travellers experiences as diverse as visiting the Great Barrier Reef in Australia, exploring Tokyo’s mix of traditional shrines and modern shopping, or island hopping in the Philippines or Thailand. With more than 500 million visitors expected to arrive in Asia Pacific by 2020, the new Value Alliance will connect travellers to more of the unique destinations they wish to explore that are typically found in secondary cities. CEB offers flights to an extensive network of over 90 routes on 64 destinations, spanning Asia, Australia, the Middle East, and USA. The airline’s 57-strong fleet is comprised of 7 Airbus A319, 36 Airbus A320, 6 Airbus A330, and 8 ATR 72-500 aircraft. Between 2016 and 2021, CEB expects delivery of two more brandnew Airbus A320, 30 Airbus A321neo, and 16 ATR 72-600 aircraft. For bookings and inquiries, guests can visit www.cebupacificair.com or call the res er vation hotlines (+632)7020-888 or (+6332)230-8888. The latest seat sales can be found on CEB’s official Twitter (@C ebuPacif icAir) and Facebook pages. Guests may also download the Cebu Pacific official mobile app on the App Store and Google Play.

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OROBANKERS DIRECTORIES CAGAYAN DE ORO CITY

A PUBLIC SERVICE BY:

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

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

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

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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

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

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

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

ENTERPRISE BANK INC. Centro Mariano Bldg Osmeña St. Cdoc 723869/ 3093395 FIRST CONSOLIDATED BANK CM Recto Ave., Cor.Agudo Road Cdoc 8565360/2316678 LBP – CAPISTRANO Capsitrano St. Cdoc | 8565515/727678 LBP – VELEZ LunaVelez St. | 723549/8563198 LBP – PUERTO Puerto Cdoc | 8558858 MAYBANK JR Borja Tiano Cor. Bldg. Cdoc 8574439/726060 METRO BANK- DIVISORIA Pabayo Abejuela St. Divisoria Park, Cdoc 724783/8576999 METRO BANK- VELEZ A. Velez St. Cdoc | 8561724/726054 METRO BANK- JR BORJA JR Borja St. Cdoc | 8572999/724415

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Reform... from page 2

EBC, which is sold higher than selling coagulated latex (commonly “cup lumps”), has been produced by FARBECO using their old and aged three units macerator provided by Department of Agrarian Reform (DAR). “With the normal wear and tear of the machines, the cooperative found it costly and non-promising, hence led us to taking advantage of DTI’s Shared Service Facility (SSF) Project,” FARBECO Manager and SSF Project Coordinator Felix D. Nallano Sr. said. He said they viewed that the provision of said project will definitely improve the group’s productivity and efficiency. He even looked forward to a more lucrative business which will benefit 200 farmers as memberbeneficiaries of FARBECO. This project is also seen to boost the farmers’ effort and give them a promising future tagged along with the presence of a local cup lumps and latex buyer, Felix added while observing the on-going test of the machine. “This project is indeed a members’ answered prayer and as the project co-operator trusted by DTI, we affirm our commitment to take care of the machine and ensure benefit will spread down

to the farmer-beneficiaries across the municipality,” Felix further said. DTI said the SSF Project has continually been a proven business development strateg y that improved MSMEs productivity through provision of machiner y and equipment in a shared system. Housing this project in FARBECO proved once more how the government used such mechanism to sustainably achieve inclusive growth and job generation. (DTI-Bukidnon/RLRB, PIA Bukidnon)

Seminar... from page 2

Farmer Association (ITDAFA) also participated in the activity. Retired director of a government agency and currently a FARBECO BOD member, Saturnino Escobido, lauded the training organizers. “A m o n g t h e t h r e e leadership seminars I attended during my stint in government service, this is excellent,” Escobido said. T h e s e m i n ar e n d e d on a positive note where participants showed willingness to apply what they have learned—like inspirational leaders and sound managers—in order to achieve success in their respective organizations. (Laurence D. Pradia,DTIBukidnon/RLRB PIA)

Returns... from page 8

from foreign operations accounted for 57%. Export sales posted a decrease of 77% year-on-year to P20.5 million for the first quarter, from P88.9 million a year earlier. The company attributed the sales decline to the thinning supply of bananas c o u p l e d w i t h t h e l ow selling price of banana in the international market. Another contributing factor was the temporary halt in exports of mangoes and pineapple. Due to the addition of a rice trading business and profits generated from supermarket outlets, local distribution sales posted an increase of 83% to P49.1 million. AgriNurture’s sales from retail and franchising declined by 15% to P17.5 million for the quarter, “primarily due to rationalization of backroom an d s t ore op e r at i ons ,” according to the disclosure.

Rises... from page 8

acquire more industrial and residential land, as it continues to expand its business outside of Cebu, and onto the national arena.” Food unit Pilmico Foods Corp. will get P2.3 billion in capex, as it expands its market

reach in the Association of Southeast Asian Nations and diversifies its operations in the Philippines. AEV said the amount will be spent “in support of various initiatives for its flour, feeds, and farms divisions, as well as pursuing opportunities in the region.” AEV has allotted P968 million for banking and financial services, of which nearly 90% will go to Union Bank of the Philippines’ “initiatives geared to push growth in customer businesses supported by loan expansion.” The business segment’s newest remittance business will get P97 million for branch expansion and “full-blown execution of the loan origination program on behalf of CitySavings Bank.

Chief... from page 5

it among the top ten banks in the country, RCBC said. He was a former senior executive vice president (EVP) and chief operating officer of the Bank of t h e P h i l ippi n e Is l an d s , president and CEO of Prudential Bank, EVP of Citytrust Banking Corp., and a Citibanker for 18 years where he started as chief of staff to the country head and rose to become vice president, group head and senior credit officer.

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region BRANCH 38 Cagayan de Oro City

Republic of the Philippines REGIONAL TRIAL COURT 10th Judicial Region BRANCH 24 Cagayan de Oro City

SHERIFF’S NOTICE OF AUCTION SALE EJF File Number 2016-130

HOME DEVELOPMENT MUTUAL FUND, EJF FILE NO. 2016-142 Mortgagee,

UPON EXTRA-JUDICIAL PETITION FOR SALE under Act 3135 as amended, filed by HOME DEVELOPMENT MUTUAL FUND (Pag-IBIG Fund), mortgagee, with branch office at Pag-IBIG Fund, J.R. Borja Street, Cagayan de Oro City, against JESSICA IMELDA A. CONCON married to Elmo Q. Concon, with postal address at 036 1st St., Guingona Subdivision, Butuan City, Agusan del Norte 8600, to satisfy the mortgage indebtedness which as of April 5, 2016, amounts to One Million Five Hundred Twenty One Thousand One Hundred Eighty Six Pesos & 35/100 (Php 1,521,186.35) Philippine Currency, inclusive of interest and penalty charges, excluding other necessary fees and expenses of extra-judicial foreclosure and sale, the undersigned Sheriff or his deputies will sell at public auction on JUNE 1, 2016 at 10:00 o’clock in the morning or soon thereafter, at Regional Trial Court, Branch 38, temporarily holding office at the City Tourism Hall, City Hall Compound, City Hall, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the real property described herein-below, with all its improvements found thereon, viz: “TRANSFER CERTIFICATE OF TITLE NO. 137-2011001260 (Registered in the name of Sps. Elmo Q. Concon & Jessica Imelda A. Concon) A PARCEL OF LAND (LOT 39, BLOCK 11 OF THE SUBDIVISION PLAN (LRC) PSD-169564, BEING A PORTION OF LOT 11, (LRC) PCS-8974, LRC CAD. REC. NO. 1612), SITUATED IN THE DISTRICT OF BULUA, CITY OF CAGAYAN DE ORO, ISLAND OF MINDANAO. XXX, CONTAINING AN AREA OF FOUR HUNDRED EIGHTY THRE (483) SQ. MTRS., MORE OR LESS.” Prospective buyer/bidders may investigate for themselves the Title of the property above-described and all encumbrances thereon, if any there be. In the event that said auction sale on June 1, 2016 will be declared holiday or non-working day, the same will continue on the next working day without need of further notice, publication and posting.

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Cagayan de Oro City, April 25, 2016.

-versus- SPS. ERLINDA P. ONG & RESTITUTO A. ONG, Mortgagors.

FOR: EJF OF REAL ESTATE MORTGAGE UNDER ACT 3135

X --------------------------------/ SHERIFF’S NOTICE OF SALE Upon extra-judicial petition for sale under ACT 3135 as amended filed by HOME DEVELOPMENT MUTUAL FUND (PAG-IBIG) mortgagee, against ERLINDA P. ONG, married to RESITUTO A. ONG, mortgagors, resident Cardinal Street, Isabel Village, Iligan City, to satisfy the mortgage indebtedness which as of February 24, 2016, amounts to (P 508,399.34) excluding penalties, charges, attorney’s fees and expenses of foreclosure, the undersigned Sheriff will sell at Public Auction on June 6, 2016 at 9:00 A.M. or soon thereafter at the main entrance of the Tourism hall, City Hall, Cagayan de Oro City, to the highest bidder, for CASH and in Philippine Currency, the properties with all its improvements to wit:

At BPI, RCB C noted t h at M r. B u e n av e nt u r a was in charge of the b a n k’s m aj o r r e v e nu e generating businesses and was either chairman or a member of the board of d i re c tors of t he Ay a l a led listed lender’s various subsidiaries. M r. B u e n a v e n t u r a obtained his Bachelor of Arts in Economics f rom t h e Un ive r s it y of San Francisco and h i s Ma s t e r of B u s i n e s s Administration in Finance f rom t h e Un ive r s it y of Wisconsin. R C B C ’s f o r m e r president and CEO Mr. Tan tendered his resignation effective last May 6 despite being cleared in an internal investigation ov e r a l l e g at i on s of h i s supposed involvement in money laundering that saw millions of dollars go in and out of the countr y’s banking system. Mr. Tan said then that his decision is to give RCBC’s board a “free hand to direct the course of its business moving forward.” RCBC also earlier accepted the resignation of Raul Victor B. Tan as treasurer and executive vice-president at the bank amid the ongoing probe into the laundering incident. Meanwhile, President B enigno S.C. Aquino III approved last Feb. 4 the merger of DBP and another state-owned lender Land Bank of the Philippines (L andbank) through Executive Order No. 198, subject to consent of the Bangko S entral ng Pi l ipi nas ( B SP ) and t h e Ph i l ippi n e D e p o s it Insurance Corp. Landbank was set to be the surviving entity.

DEED OF EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF SPS. PASCUAL PADILLA & URBANA VILLACRUSES WITH EXTRAJUDICIAL SETTLEMENT OF THE ESTATE OF THE HEIRS OF REMEDIO V. PADILLA AND DEED OF ABSOLUTE SALE IN FAVOR OF ANALYN PADILLA APAT Notice is hereby given that the intestate estate of the late SPS. PASCUAL PADILLA & URBANA VILLACRUSES left a Parcel of Land covered under ORIGINAL CERTIFICATE OF TITLE NO. P-421 containing an area of FORTY TWO THOUSAND FIFTY TWO (42,052) Square Meters covered under Homestead Patent No. V-12606 situated in Panguil, Lala, Lanao Del Norte. Upon respective death of the intestate’s heirs namely: 1. FLORENCIO V. PADILLA, 2.NACIANCENA PADILLA ANO-OS; 3. VICTOR PADILLA; 4. MAXIMINA PADILLA CARRIAGA & 5. REMEDIO V. PADILLA. Whereas, the 5th child died on October 13, 2014 married to THELMA O. PADILLA with 4 children and upon his death he left his undivided share of 8, 410.4 from the 42,052 sq.m. Registered under the name of SPS. PASCUAL PADILLA & URBANA VILLACRUSES. That the above-named only and exclusive heirs of REMEDIO PADILLA intends to sell the 8,410.4 share to vendee ANALYN PADILLA APAT, of legal age, married and a Resident of Rebe, Lala, Lanao del Norte and in consideration of the sum of FOUR HUNDRED THOUSAND PESOS acknowledge by the heirs of REMEDIO V. PADILLA hereby SELLS, CEDES, TRANSFER AND CONVEYS unto the said VENDEE ANALYN PADILLA APAT is the subject of DEED OF EXTRA-JUDICIAL SETTLEMENT OF THE ESTATE OF SPS. PASCUAL PADILLA & URBANA VILLACRUSES WITH EXTRAJUDICIAL SETTLEMENT OF THE ESTATE OF THE HEIRS OF REMEDIO V. PADILLA AND DEED OF ABSOLUTE SALE IN FAVOR OF ANALYN PADILLA APAT Under Notary public ATTY. JUVY IND V. ARUBIO per doc. No. 191; page No.39; book No. 45; series of 2016 BWM: May 18, 25 & June 1, 2016

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Cagayan de Oro City OFFICE OF THE PROVINCIAL SHERIFF NOTICE OF EXTRA-JUDICIAL SALE EJF FILE NO. 2016-66

A Parcel of Land (Lot 12, Block 5, PSD-10-042689 PORTION OF LOT; LOT 1, BLOCK 37, PSD-10-039732 LAND USE RESIDENTIAL LOCATION CANITOAN, CAGAYAN DE ORO CITY. Containing an area of FIFTY FOUR (54) square meters more or less.

Upon extra-judicial petition for sale under Act 3135 as amended by Act 4118 filed by HOME DEVELOPMENT MUTUAL FUND (Pag-IBIG), as mortgagee against MARIA CONCEPCION B. ARANETA married to JORGE L. ARANETA, as mortgagor, to which the indebtedness as of April 20, 2016, amount of THREE HUNDRED EIGHTY EIGHT THOUSAND FOUR HUNDRED FORTY ONE PESOS ONLY (Php 388,441.00) inclusive of interest and penalty charges, attorney’s fees and expenses of foreclosure, the undersigned will SELL TO PUBLIC Auction on July 11, 2016 at 10:00 o’clock in the morning at the entrance door Regional Trial Court Branch-23, City Tourism Hall, Cagayan de Oro City, to the highest bidder for cash or manager’s checks and in Philippine Currency, the following described properties, to wit;

TRANSFER CERTIFICATE OF TITLE NO. T-137-2012009046

TRANSFER CERTIFICATE TITLE NO. 136-2012001368

TRANSFER CERTIFICATE OF TITLE NO. T-137-2012009045

A Parcel of land, (Lot 14, Block 5, PSD-10-042689 PORTION OF LOT; LOT1, BLOCK 37, PSD-10-039732 LAND USE RESIDENTIAL LOCATION CANITOAN, CAGAYAN DE ORO CITY. Containing an area of FIFTY FOUR (54) square meters more or less. Prospective buyers may investigate for themselves, in the event of Auction Sale cannot take place for whatever legal reason the sale will proceed on the following day, without further notice, posting and publication, the title here in above described and encumbrances thereon, if any there be.

FOR THE EX-OFFICIO PROVINCIAL SHERIFF: (Sgd.) REYNALDO L. SALCEDA Sheriff IV

Cagayan de Oro City, Philippines, May 5, 2016

BWM: May 4, 11 & 18, 2016

BWM: May 18, 25 & June 1, 2016

(Sgd.) TERESITO C. ESTENZO Sheriff IV

A PARCEL OF LAND (Lot 1, Block 17, Psd-10-059077, being a portion of Lot 2, Pcs-10-003972). Situated in the Barrio of Malanang, Opol, Misamis Oriental, Island of Mindanao. Containing an area of ONE HUNDRED NINETEEN (119) sq. meters more or less. All sealed bids must be submitted to the undersigned on the aboved-stated date, time and place. In the event auction sale cannot take place for whatever legal reason, the same will proceed on the following working day, without further notice, posting and publication. Prospective buyer/bidders may investigate for themselves the title herein above-described and encumbrances thereon, if any there be.

Done this May 13, 2016 in the City of Cagayan de Oro, Philippines.

(Sgd.) RICO A. REMALIG Sheriff IV

BWM: May 18, 25 & June 1, 2016

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YOUR DAILY Mindanao-wide BUSINESS NEWSPAPER

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Expansion...

little changed at 412,990 MT from 414,180 MT a year earlier.

from page 1

during the summit range from enhancing regional competitiveness within the Association of Southeast Asian Nations to management and financing options for farmers. Speakers include Prof. Nestor O. Rañeses, systems management expert; Dr. Maarten de Gussem, poultry veterinary practitioner; and Bank of the Philippine Islands Agribusiness Unit head Moises Casubha. The organizer of the conference, Bitrade, is a farm systems solutions company promoting the use of modern technology for poultry and livestock industries. Expected to attend are representatives from big companies and local giants Gama Foods Corp. and Anakciano Farm, Inc. As of July last year, among the top chicken-producing regions were Northern Mindanao and Davao region, contributing 10.59% and 9.01% respectively to the total 79.65 million chickens raised nationwide. Production in the poultry sector expanded by 8.76% in 2015, based on industry estimates. For the first quarter this year, preliminary data released on countrystat.gov. ph, the Philippine Statistics Authority’s Web-based data system that tallies agricultural output, showed that output in the livestock and poultry sectors rose 6.04% and 0.95%, respectively. Most poultry subsectors rose with duck output up 2.67% at 10,010 metric tons (MT); chicken eggs up 5.38% at 117,840 MT; and duck eggs up 0.9% at 10,100 MT. Chicken production was

Lopez... from page 1

Emmanuel P. Singson, the estimated funding for the proposed 32-megawatt Bubunawan hydropower project in Bukidnon would hover at $180 million to $190 million. The other project seen advancing to development phase would be the 30MW Puyo run-of-river hydropower venture in Agusan del Norte to be bankrolled with $130 million to $140 million financing. The third in the company’s greenfield hydropower development is the 40.5MW Tagoloan project in Misamis Oriental, but the required capital outlay for it is still being firmed up by the company. “For the hydros, the big capex (capital expenditure) is not coming this year…it will come in 2017, 2018 and 2019, Singson said. First Gen president Francis Giles B Puno added that the Bubunawan project in particular is expected on stream around year 2021 yet. He keenly told the company’s stockholders that the Lopez group remains “bullish in developing our hydro portfolio…all these projects are in Mindanao.” Puno added “our hydro business development team is scaling up its expertise in hydroelectric power plant construction and development.” For the planned Bubunawan hydropower facility in particular, he indicated that the company already “proceeded with rehabilitating the access road at the site and expect it to be completed in 2016.” Apart from new builds, First Gen is also pushing to full

Republic of the Philippines REGIONAL TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 37 Cagayan de Oro City IN THE MATTER OF PETITION FC CASE NO. SP-FMY-2016-016 FOR ADOPTION OF MINOR ANGELE HOPE BENEDICTOS WITH CHANGE OF FULL NAME TO ANGELE HOPE DAJAO BENEDICTOS, JESUS SILVERIO P. BENEDICTOS and LORNA DAJAO-BENEDICTOS, Petitioners. X--------- ------------------X ORDER A verified petition for adoption has been filed by the above-named petitioners alleging, among others, the child sought to be adopted is the child of the sister of petitioner husband; the child has been under the custody of the petitioners since the child was three years old; and the biological mother consents to the adoption. Petitioners pray that judgement be rendered declaring the minor to be, to all legal intents and purposes, the child of petitioners. Finding the petition to be sufficient in form and substance, notice is hereby given that the same shall be heard on June 22, 2016 at 8:30 o’clock in the morning. Any interested person may file a written opposition or appear at the hearing to oppose the said petition. Let this Order be published in an accredited newspaper of general circulation in Cagayan de Oro City and the Province of Misamis Oriental once a week for three consecutive weeks at the expense of herein petitioners, the date of the last publication should be at least fifteen days before the date set for hearing of the petition. The Court Social Worker assigned to this Court is hereby ordered to conduct child study, home study, and counseling of the biological mother and make reports thereon to be submitted before the scheduled date of hearing Also, at the expense of petitioners, let copies of this Order with the petition be furnished to the RTC Social Worker assigned to this Branch, the biological mother, the City Prosecutor’s Office, the Office Of The Solicitor General, 134 Amorsolo Street, Legaspi Village, Makati City. SO ORDERED. Done this 25th day of April 2016, Cagayan de Oro City, Philippines. (Sgd.) JOSE L. ESCOBIDO, MNSA Presiding Judge BWM: May 18, 25 & June 1, 2016

completion and commercial operations its gas plants that are anticipated beefing up Luzon grid’s supply for midmerit capacity starting this year. The continuing capex allocation for both its 97MW Avion and 414MW San Gabriel gas-fired power plants had been pegged at $200 million this year.

Posturing... from page 1

Tourism Regional Director Roberto P. Alabado III said. “According to our consultations with the hotel industry, they have been having above average occupancy rates, especially after the elections,” Mr. Alabado told BusinessWeek Mindanao. He noted that the average hotel occupancy rate in the city, with a total of about 6,000 rooms, is 60% and an increase is usually recorded during the two major festivals, the foundation anniversary in the middle of March, and the Kadayawan sa Dabaw in the third week of August. Currently, a number of major hotels such as the Royal Mandaya Hotel, where Mr. Duterte held his press conference after casting his vote last May 9, are enjoying up to 90% occupancy, according to an industry source. One personality was overheard in a hotel lobby expressing preference for a post at the Philippine Amusement and Gaming Corporation rather than the Department of Agriculture. But that doesn’t mean he

may get the position. “Lobbying may be good,” said Mindanao Business Council Chair Vicente T. Lao, “if those lobbying for positions have the qualification and the integrity to serve the country.” “But if these lobbyists only want to push their own agenda, the mayor [Mr. Duterte)]must not allow them to take advantage of his administration,” Mr. Lao told BusinessWeek Mindanao. In one of his press briefings last week, Mr. Laviña said that those who want to join the Duterte administration must not only be qualified and carry the highest integrity. “He or she must also be willing to sacrifice [for the country],” he said. “That [willingness to sacrifice] must be asked of these lobbyists,” Mr. Lao said.

Federalism...

from page 1 commission to shed light on the possible shift from a unitary type to federal, parliamentary form of government. Re-writing the constitution is one of Duterte’s main agenda aside from solving criminality and drugs, in which he vowed to address in the first three to six months of his term. He said that he would then ask Congress to call for a constitutional convention to start with the draft of the new constitution before the plebiscite which is eyed to be in the next two years. “I will call for a constitutional convention and ask the Filipino people the need to have a federal

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

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

NOTICE OF HEARING WHEREAS, after alleging certain facts in a verified petition filed on April 6, 2016, petitioner prayed that after notice, publication and hearing, an order be issued directing the Local Civil Registrar of Tangub City, Mis. Occ., to make the following correction in his record of birth, to wit; Year of birth from “1968” to “1969”. WHEREFORE, finding the petition in due form and substance, the hearing of the same is hereby set on MAY 30, 2016 at 8:30 o’clock in the morning, at the Session Hall of this Honorable Court, at which date, time and place, any concerned and interested person may appear and show cause, if any, why said petition shall not be granted. The Sheriff of this Honorable Court is hereby ordered to post copies of this Notice in three (3) conspicuous places, preferably in the Bulletin Board of this Court, the City Hall of Tangub City, and the Barangay Hall of Sicot, Tangub City, Mis. Occ.

to our land,” he said. Duterte said that he will ask the terrorist group Abu Sayyaf to talk with the government. “The Abu Sayyaf is connected with the Mindanao issue. It drove young men to desperation and being radicalized. Ayaw ko yan sila ma-contaminate ng ISIS (Islamic State of Iraq and Syria), in the meantime, I just have to cooperate with them but they must know the consequences of their acts,” Duterte said. He said that he will create negotiating bodies to divert the Abu Sayyaf’s focus on “nation-building” rather than condemnation in order to attain peace in the island. But he emphasized that anyone who committed serious crimes should be made to answer for the act. “There will be a time to reckon with that I will ask everybody there to surrender and release all their hostages. But it will not come until we start the talks in Mindanao,” he said. Although he stressed the need to hold talks with the ASG, he said that police operations will continue along with the Armed Force of the Philippines (AFP). “For those that are committed in the performance of their duty, I, the president, will be assuming full legal responsibility. I only ask the other constitutional bodies, give us the little respect that we deserve,” he said. Earlier, Duterte lambasted the Civil Service Commission (CSC) and Commission on Human Rights (CHR) over issues on “ethics” and “human rights” violations.

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

SPECIAL PROCEEDING CASE TC-2016-003

system. It should be not later than two years. We submit the proposal for a plebiscite, madali lang magframe. It’s not in the framing of the words, it’s in the matter of implementation and obeying what we have agreed on and that is for everybody – Christians, Moros and Lumads,” he said. Duterte said the Mindanao issue hinges on “our success or failure of federalism. Nothing short of that thing will ever appease the Moro people.” He discussed the failure of Tripoli Agreement that was signed under Philippine government during the regime of former President Ferdinand Marcos and the Moro National Liberation Front (MNLF) in 1976 to bring peace in the island. In an interview during “Run Duterte Run” Caravan on August 28, 2015 at the Rizal Park here, MNLF Central Committee acting vice chairman Rolando AbdulAziz Olamit said three are still three agreements on the territory, provisionary government, and revenue sharing that have not yet been realized. Although he said the signing of the Tripoli Agreement also delivered some results like the creation of Shari’ah Court, education for the Moro people, and integration of rebel forces into the military as provided for in the Final Peace Agreement of 1996. Duterte stressed that what the Moro people want now is federalism. “We have to give if you want to have a peaceful Mindanao and eventually a peaceful country. Nothing short of that [federalism] will bring peace

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GINA DUMALTE PENALTE Petitioner,

-versus-

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

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

Respondent

/----------------------------------------------------------/ NOTICE OF HEARING WHEREAS, after alleging certain facts in a verified petition filed on January 8, 2016 petitioner prayed that after notice, publication and hearing, an order be issued directing the Local Civil Registrar of Don Victoriano Misamis Occidental to make the following correction in her record of birth, to wit: Year of birth from “1994” to “1984” WHEREFORE, finding the petition in due form and substance, the hearing of the same is hereby set on JUNE 21, 2016 at 8:30 o’clock in the morning, at the Session Hall of this Honorable Court, at which date, time and place, any concerned and interested person may appear and show cause, if any, why said petition shall not be granted. The Sheriff of this Honorable Court is hereby ordered to post copies of this Notice in three (3) conspicuous places, preferably in the Bulletin Board of this Court, the Municipal Hall of Don Victoriano, and the Barangay Hall of Tuno, Don Victoriano, Misamis Occidental.

Moreover. Let a copy of this petition and notice be published once a week for three (3) consecutive weeks in a newspaper of general circulation in the province of Misamis Occidental, all at the expense of the petition and notice be furnished the petitioner, the Office of the Solicitor General, and the Local Civil Registrar of Tangub City. Any person having or claiming any interest under the entry whose correction is sought may, within fifteen (15) days from notice of this petition, or from the last date of publication of such notice, file his opposition thereto.

Moreover, let a copy of this petition and notice be published once a week for three (3) consecutive weeks in a newspaper of general circulation in the province of Misamis Occidental, all at the expense of the petitioner, for the information and guidance of all concerned. Also, let a copy of this petitioner, for the information and guidance of all concerned. Also, let a copy of this petition and notice be furnished the petitioner, the Office of the Solicitor General, and the Local Civil Registrar of Don Victoriano, Mis. Occ. Any person having or claiming any interest under the ennrty whose correction is sought may, within fifteen (15) days from notice of this petition, of from the last date of publication of such notice, file his opposition thereto.

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

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

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

BWM: May 11, 18 & 25, 2016

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

BWM: May 11, 18 & 25, 2016

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