Issuu

BusinessWeek M I N DA N A O CREDIBLE

Volume VIII, No. 140

Market Indicators As of 6:00 pm April 30, 2018 (monday)

FOREX

PHISIX

US$1 = P51.74

7,819.25

X X Briefly

22.5

98.23

cents

points

Normin growth THE economy of Northern Mindanao posted a 5.9 percent growth in 2017, lower as compared with the 7.5 percent growth recorded in 2016. According to Philippine Statistics Authority (PSA) Regional Director Ronaldo Taghap during its news conference in Cagayan de Oro City, among the major economic sectors, services showed the fastest growth at 6.6 percent, lower than the previous year’s growth of 8.3 percent. Industry decelerated to 5.9 percent compared with the 9.8 percent growth in 2016.

Livestock center MARAMAG, Bukidnon -Agriculture and Veterinary Medicine students of state-owned Central Mindanao University (CMU) in Bukidnon will have a modern research and training facility soon after Pilmico’s groundbreaking rites early this week to start the construction of the facility within the university’s lush fields. Pilmico Foods Corporation, the food subsidiary of Aboitiz Equity Ventures, in partnership with Aboitiz Foundation Inc., will build a state-of-the-art research and development (R&D) complex to be named as Livestock Training Complex. Jefferson Abian, Pilmico Assistant Vice President for Feeds-Mindanao, said this R&D center will house a training center, research and development hubs, and fully equipped laboratories where faculty, students, specialists, and backyard farmers may be exposed, immersed, and trained on the actual production of high-quality swine, poultry, and aquaculture.

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Labor groups say E.O. wont eliminate ‘endo’ www.businessweekmindanao.com

Wednesday|May 2, 2018

P15.00

By ANTONIO L. COLINA IV, MindaNews and GERRY GORIT, Reporter

HE executive order signed by President Rodrigo R. Duterte during the L abor Day celebration in Cebu yesterday banning illegal contracting or subcontracting will not completely eliminate contractualization, a leader of the militant group Kilusang Mayo Uno (KMU) said. During the Labor Day rally held along Roxas Avenue in Davao City, KMU-Southern Mindanao Secretary-General Carlo Olalo said Duterte failed to acknowledge the concern of the laborers with his latest order that seeks to put an end to illegal contractualization. Even if it penalizes employers who endo/PAGE 11

LABOR DAY PROTEST. Three elderly persons relax at a bench in Plaza Divisoria in Cagayan de Oro City after marching for more than a kilometer from De Lara Park near the provincial capitol grounds to join the Labor Day protest yesterday. The workers are demanding for an end to contractualization. photo by gerry gorit

EO to guide Congress to revise Labor Code THE Department of Labor and Employment (DOLE) said the Executive Order (EO) against all forms of illegal contractualization signed by President Rodrigo R.

Duterte on Tuesday, Labor Day, would be the guide of Congress in drafting a bill that will revise the labor laws. revise/PAGE 11

Job hunters troop to Oro Labor Day recruitment fair By JIGGER JERUSALEM, PNA

JOB HUNT. Jobseekers troop to the job fair held at the Limketkai Atrium yesterday. photo by gerry gorit

MORE than a thousand jobseekers trooped to a mall here to apply for various job vacancies made available

during the two-day Mega Jobs Fair, which kicked off in time for the Labor job/PAGE 11

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Economy

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Wednesday|May 2, 2018

Davao City gears up for Kadayawan festival

AVAO City -- This early, the Davao City government is gearing up for this year’s Kadayawan festival, an annual showcase of culture and abundance of resources held every month of August. This, after Mayor Sara Duterte-Carpio signed an executive order creating the executive committee (Execom) and subcommittees in preparation for the 2018 Kadayawan sa

Dabaw celebration. In her Executive Order No. 08, the mayor, who chairs the committee, named City Administrator Zuleika Lopez as her official representative while Assistant City Administrator for Administration Tristan Dwight Domingo was designated as vicechairperson. The members of the Execom are: Councilor Al Ryan Alejandre, chair of the Committee on Tourism and

Beautification; Ermelinda Gallego of the City Budget Office; Regina Rosa Tecson of the City Tourism Office; and the incumbent Indigenous Peoples Mandatory Representative. They are mandated to plan and ensure the smooth coordination of programs,

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festival, both locally and internationally. The committee is tasked to find ways and means to support the effective implementation of programs, events, and activities during the celebration. Kadayawan festival features the culture

and traditions of the city’s different tribes. Last year’s festival was successful and one of its showcase -- the Cultural Village at the Magsaysay Park — has been retained as one of the city’s attraction. (Armando Fenequito Jr/ PNA)

Smartphones ‘Newseum’ to open in Davao DAVAO City – The Nokia phone main distributor in

RPN Radyo Ronda Stations Nationwide

CNN Philippines Stations Nationwide

events, and activities in connection with the celebration of the festival. Duterte-Carpio also tasked the members to encourage greater private sector participation the staging of all events and activities, ensure the optimal exposure of the

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the country will be opening a Newseum in Davao next week as a showroom of its line of phones. HMD Global Philippines, the home of Nokia phones, is also expanding its presence in Mindanao, banking on the strong market in the island. Country manager Shannon Mead of HMD Global Philippines said Mindanao helped build the company’s story when it first came to Davao City in 2017. “As we write the next chapter of our brands, we make sure that you get the promise we committed in Davao last year,” he said. Gibby Penaflor, the head of marketing, said the company is seeing a strong market based on the volume sales coming from Mindanao. “I guess in terms of profile it is very heavy on

the market with imaging still a big attraction and preference that get across the market, with the growing younger generation where that kind of devices (smart phones) has big appeal right now,” he said. Meanwhile, Mead said the sales of Nokia was ten times higher with the success of Nokia 3310 units in the Philippines. The 8110 4G model will be introduced in the county next month and Davao consumers will be the first ones to receive it at P3999 per unit, he said. He said the unit (8110) was in the market 10 or 12 years ago but now comes with some improvements as it has smart features: 4G, a camera, dual sim, radio and the game (snake) to name some. “It is more relevant to announce 8110 4G here as we want to invest in the

right areas,” he said. “We definitely felt the presence, especially in the provincial areas and the consumer recollection of the brand, had more impact here than in Manila.” Mead said HMD is partnering with different stores as distributors and Mindanao would account for about 100 of that; and a thousand other significant partners around the country. “With the 14 model phones the retailers have something to offer to customers where they (consumers) could have great experience with the units,” he said. HMD is also looking at Tagum City and General Santos City for connections. Mead said he wants HMD to be the top market supplier within 3 to 5 years though it is a long journey. (Digna D. Banzon/PNA)

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Wednesday|May 2, 2018

The Harry Styles: Live on Tour Ultimate Checklist I

t’s a sign of the times! Only a few days left before we get to witness British pop-rock star Harry Styles perform live in the Philippines for the first time. Harry Styles: Live on Tour is the singer’s first solo tour after his stint with One Direction. The tour kicked off last September 2017, followed by shows all over the world. In the Philippines, Globe held an exclusive pre-sale registration last June, where all ticket reservation codes sold out in just 52 seconds. It’s been a long time coming, but the concert is finally within our reach! To make the most out of your #GlobeHarryStyles experience, take note of these handy tips and tricks as you head to Mall of Asia Arena on May 1. Claim your tickets beforehand Avoid the hassle of lining up on the event day. Redeem your physical concert tickets by presenting your claim vouchers and a valid ID at SM Tickets outlets. Claim vouchers will not be accepted for entry on concert day. Take note of your ticket section’s age

Make sure you tick off these items for the best #GlobeHarryStyles experience!

restrictions To maintain an orderly fashion during the event, age limits have been set for certain sections. The Platinum standing sections are open to concertgoers 15 years old and above, but 15-17 year old minors must be accompanied by a ticket-bearing guardian. On the other hand, the seated sections are open to all, but concertgoers 14 years old below must also be with a ticketbearing guardian. Unaccompanied minors aged 17 years old and below need to present a waiver signed by a parent or guardian and a valid ID. Keep it simple with your camera Taking photos and videos is a must-have for the concert, but keep in mind that only mobile phones will be allowed. Professional video and audio recording equipment, tablets, and Go Pro cameras will be strictly prohibited. Get creative with your smartphone camera and don't forget to post on social media with the hashtags, #GlobeHarryStyles and #ForTheLoveOf!

Participate in the booth activities Watch out for the two Globe Prepaid booths at the MOA Arena lobby and second floor! To join, simply register to GoSURF 50. Take fan quizzes, make your own album cover, and even get a hair makeover! Those

who complete all the activities can get a chance to win exclusive Harry Styles merchandise. Stay fully charged for the whole night Don’t miss out on any magical moment during the concert! Make sure your devices are juiced up throughout the night by bringing

a powerbank. Keep your phone at 100% battery so you can take photos, post on social media, and stay connected to family and friends worry-free. With these on your checklist, you’re sure to enjoy the best #GlobeHarryStyles experience!

Harry Styles: Live on Tour is produced by Live Nation and is promoted by MMI Live in partnership with Globe. For more information, visit the website at go.globe.com.ph/ GlobeHarryStyles or follow the official Globe Facebook page or @enjoyGlobe on Twitter.

Opinion

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Wednesday|May 2, 2018

Simple living

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

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Ruffy magbanua Public office is a public trust. Public officers and employees must, at all times, be accountable to the people, ser ve them with utmost responsibility, integrity, loyalty, and efficiency; act with patriotism and justice, and lead modest lives.– Philippine Constitution, Article XI, Section 1

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LIFE S I NSPIR ATIONS: “… Do not conform to the pattern of this world, but be Member: transformed by the renewing of your mind. Then you will Philippine Press Institute be able to test and approve what God’s will is---his Oro Chamber good, pleasing and perfect will…” (Romans 12:2, the Holy Bible). -oooCOMING OUT WITH NARCO LIST WILL NOT is that you never know when YIELD ANYTHING GOOD: think a minute you’re finished!” Is the plan of Malacanang However, when it comes to make public the list of to our weekends, not many people say: “Too bad! I have to take the weekend off from work.” You see, it’s all in our attitude and the way we look at hints and traces something. So if we’ll approach our work with a positive attitude, being grateful that we even have a job to provide jhan tiafau hurst for our family, then we’ll start to appreciate and enjoy our Think a minute…Have you job more. We’ll also take more heard many people say: “Oh, pride in our work and do it good! I’m going to work better. Then we just might today!”? I sure haven’t. Usually get a promotion or better job what we say is, “I have to go to somewhere else! roy cimagala work today!” Why? Probably As adults we must work like because many people do not we did as children when our enjoy their work. We feel it’s father was watching. Because Christ himself said it so just something we’re forced to our Maker IS watching us all clearly. “Whoever is not do. Our job is like a necessary day! He sees our attitude and with me is against me, and evil that we must endure so how well we do our job. Since whoever does not gather we can feed and care for our He gave us our life, health and with me scatters.” (Lk11,23) family—which, of course, is abilities, He expects us to do “I am the vine, you are the very important. our best at every small job we branches.” (Jn 15,5) No wonder studies show do no matter how unimportant There is no way we can that most people do not do we think it is. So if you’ve not have a life that is proper their best at their work or had a good attitude about to us other than to be with job. It’s also why many people your work and not done your Christ and to work with throw away their hard-earned very best, you can ask Jesus him. After all, Christ is money on foolish gambling to forgive you today. But He actually the pattern of our like lotteries. They think they also wants to change you and humanity and the redeemer have a chance to hit the big help you start doing your of our damaged humanity. jackpot and never have to work best at everything you do. It’s We cannot be what we ought again! Then they’ll be free to then you can finally start fully to be outside of Christ. do nothing the rest of their enjoying all the blessings that W i t h o u t C h r i s t , life. But someone said, “The God wants to give you. everything will be vanity. problem with doing nothing Just Think a Minute… “Vanity of vanities,” as the

Make work work for you

happiest compared with employees with other sectors in the workforce is something worth the taking. Despite their modest pay, government workers have that feeling of security compared with their counterparts in the private sector. The Gallup report was aimed at determining the satisfaction level among employees in their jobs and the factors that influence their happiness. They have that secured feeling, something to hold on to, and to be happy about sans the perks with which the workers in the private sector enjoy. Having been employed with the government for at least 10 years, I share the same indelible feeling. We

received less, but we worked more. We were a picture of upbeat people in government because we served without much financial tantrums. We lived a simple normal life heartily contend with we have -- no malls, mobile phones, no laptops, and no Facebook to be hooked with. Conversations were much alive and kicking at that time. We had the best of times – as one small band of workers in public service sharing quality time together. We s u r v i v e d , l i v e d comfortably and later, retired (some had already expired, sobs!) happily ever after. Well, some good things would never last indeed and to turn nostalgic sometimes is good for the heart! living/PAGE 11

Coming out with narco list will not yield any good

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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MALAYBALAY CITY, B u k i d n o n - - In t h e s e extraordinar y times, conversations that end with happy notes are rare to come by. That odd opportunity to share contagious laughter with a group of four millennials, all workers in government was worthwhile enough to spend the day in this mountain-top city of pines. With coffee served hot amid the equally hot summer, discussions went as far as political whispers to fake news, to Gallup sur vey declaring the country as the 3rd happiest country in the world. Tickled pink upon knowing that government workers like them were the

ba ra ngay of f icia ls who are allegedly involved in illegal drugs supposedly to guide electorates in the for t hcom i ng May 2 018 barangay elections okay with the rest of the citizenry? From where I sit, I believe that there is nothing good that such a public disclosure will produce. The reason? Most Filipino voters do not decide on the basis of the character of the candidates anyway. They vote for those whom their families have chosen, or for those who are popular among those seeking public office. Too, a big factor on their choices would be money, or some other material benefit they are able to receive during electoral exercises. This is the reason why ma ny of t hose who are elected to different elective positions are scalawags, and not the candidates who really have no platform on good

governa nce whatsoever, or who have plans for the good or advancement of the economy, or plans for peace and order and the fight against crime and criminal syndicates. -oooHOW DO WE CHANGE THE VOTING PATTERN OF FILIPINOS? If we truly desire to reform the way Filipino voters make their choices during election time, interested people and groups must endeavor to first reform the mind and the way of thinking of our countrymen. Only a change in the mind and in the hearts of Filipinos will y ield true electoral reform, and wou ld give rise to beneficial economic success, more meaningful transformation of the peace and order situation, and certain victory against crime, vices, and syndicates. As long as the current way of thinking among Filipinos

prevails in the hearts and mind of almost everyone, we should never expect to elect officials who will serve with honesty and sincerity, considering that many of us are thinking of nothing but our personal and family interests. How do we start to change all these? By refusing to conform to the sinful pattern of this world, and transform by the renewing of our hearts and minds as our quotation above says. -oooCHANGE, VIA KNOWING AND OBEYING GOD’S COMMANDS: What transformation or renewal am I referring to here? It is the change towards instilling in ourselves a healthy fear and sincere love of God. We can do this by endeavoring to obey just two commands: love God above all else, with all our hearts, minds, souls and strength, and love others narco/PAGE 9

We need to be with Christ always Book of Ecclesiastes says. Without Christ, we would simply be falling into selfindulgence which can be mesmerizing for a while, even a long while. But in the end it would lead us nowhere. This is a truth of faith that has to filter down to the ends of the world. We may have to do it slowly and with great effort, but also steadily, never stopping because of cer tain dif f iculties and resistance. To be sure, this is a truth of our nature, let alone, a truth of faith. Our nature is not just biological, social, etc. It is first of all spiritual that relates to the supernatural world in a knowing and loving way. Yes, we have to respect the freedom of men, but we also have to make everyone realize that we need to re sp e c t f re e d om it s elf. And that can only mean that we have to conform ourselves to Christ because he is the very author and personification of freedom. This is a natural tr uth

that should lead us to the spiritual and supernatural world. Remember Christ saying, “I am the way, the truth and the life. No one goes to the Father except through me.” Well, if Christ is the truth, then he is also freedom, since it is the truth that will set us free. (cfr. Jn 8,32) In ot h e r w ord s , w e cannot be in the truth and be free if we are not with Christ. Let’s remember that truth and freedom are not self-generated things. They are not our inventions. They come from our Creator. We have to strive all our life that we be with him. That is why, in the Mass, we always are reminded, “ The Lord be with you. And with your spirit.” It is to make us realize that we cannot be without God. For his part, he already reassured us that he will always be with us. “Behold, I am with you everyday, even unto the end of time,” he said. (Mt 28,20) And we can be sure that his

omnipresence in us is never passive. It is a presence that is full of love, of solicitude. The challenge and the task are enormous, indeed. Convincing people about this truth, especially those who are not inclined toward things like religion and faith, can seem impossible. But it simply has to be done. We may have to start from very basic things without mentioning anything yet about faith, God and the spiritual and supernatural realities. The s o-called c l a s s e s on ap o l o g e t i c s really have to be carried out without let-up. Let’s hope that the task of catechesis and evangelization never stops. There has to be a gradual process of introducing the indispensable role of faith, of God and of spiritual and supernatural realities to the people, making them u n d e r s t a n d t h at t h e s e areessential elements in our life. We need to demonstrate cimagala/PAGE 11

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Wednesday|May 2, 2018

CorporateWorld

AL taps Airbus FHS for A350-900 maintenance

HILIPPINE Airlines (PAL) has tapped a unit of European aerospace company Airbus to handle the maintenance of its A350-900 aircraft. In a statement, the company said Airbus Flight Hour Services

(FHS) signed a FHS-Components Maintenance contract with PAL for its fleet of six A350-900s. Under the deal, Airbus will provide component services, repair, warehousing and transportation for the flag carrier.

“It will allow for a proactive component engineering, with strong engineering focus that enables operators to predict inservice issues. This will lead to an improvement in operations by reducing delays and help to simplify troubleshooting,” it said.

PAL expects to receive the first of six A350-900s in July, as it is set to mount direct flights between Manila and New York via the polar route by October. The flag carrier ordered the units in 2016 as part of its fleet expansion program. A350-900

is a jetliner by Airbus made for medium, long and ultra-long haul travels, with a capacity of 325 passengers. In February, PAL said it is considering acquiring A3501000, a 366-passenger aircraft from the same company.

Bounty Fresh makes $309-M bid for New Zealand’s Tegel

Auto sales down by 8.5% in Q1 2018 MOTOR vehicle sales declined by 8.5 percent in the first quarter of 2018 with only 86,037 units sold from 94,026 units during the same period last year according to the Chamber of Automotive Manufacturers of the Philippines, Inc. (CAMPI) and Truck Manufacturers Association (TMA). Total vehicle sales in March 2018 alone fell by 22.8 percent to 28,216 units this year from 36,561 units in the same month last year, the industry groups further revealed. Sales of passenger car and commercial vehicle

segments both declined last month. Passenger cars sold 10,925 units in March 2018, is lower by 7.8 percent from 11,853 units in March 2017. Likewise, sales of commercial vehicles dropped 30 percent to 17,291 units last month from 24,708 units in March of the previous year. Sales of Asian utility vehicles (AUVs) and light commercial vehicles (LCVs) both registered double-digit decrements of 43.7 percent and 25.2 percent, respectively, with unit sales declined to 3,899

for AUVs and 12,171 for LCVs. In truck segment, trucks and buses categories four and five posted increments while light trucks declined its sales by 38.1 percent to 628 units last month from 1,014 units in March 2017. Sales of trucks and buses category four increased by 15.1 percent to 420 units in March 2018 from 365 units in the same month of the previous year. Likewise, trucks and buses category five sales rose 26.3 percent to 173 units last month from 137

units sold a year ago. It was in February that the auto manufacturers registered its first decrement in sales this year as the market is adjusting to the new tax reform program rolled out at the start of the year, according to CAMPI President Rommel Gutierrez. “The decline in sales in the first quarter of 2018 is not unexpected. The impact of the change in excise tax rates under the TRAIN (Tax Reform for Acceleration and Inclusion) law was sales/PAGE 9

POULTRY company Bounty Fresh Food Inc has mounted a NZ$437.8 million ($309.4 million) cash offer for New Zealand’s Tegel Group Holdings Ltd, in what would be the biggest outbound deal from the Philippines in almost two years. The bid was priced at NZ$1.23 per Tegel share representing a 50% premium to Tuesday’s close. It comes amid sustained pressure at the New Zealand firm which has suffered a depressed share price and missed earnings forecasts due to a glut in domestic chicken supplies. In a filing with the New Zealand Stock Exchange, Tegel’s 45% shareholder, Claris Investments, said it had accepted the offer. A spokesman for Bounty’s mergers and acquisitions said the bid

was part of an expansion strategy for Southeast Asia. “We have operations now in Malaysia, Indonesia and the Philippines – this brings another country into our grasp,” the spokesman said. He said Bounty had not yet conducted due diligence, but that the aim was to get Tegel “back (up) to speed”. Tegel in March forecast profit for the year ending April of NZ$25 million to NZ$27 million, from NZ$31 million in 2017. Tegel said on Thursday it was too early for its independent directors to comment on the offer. “In particular, the independent directors do not yet have full details in respect of Bounty’s proposed strategy for Tegel, which is something we are focused on.” bid/PAGE 9

Banking&Finance

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Wednesday|May 2, 2018

More credit rating upgrades in store for PH

N economist of ING Bank Manila forecasts further upgrades by Standard & Poor’s (S&P) of its credit rating on the Philippines after Thursday night’s outlook revision from “Stable” to “Positive.” The debt rater’s latest decision on the Philippines was made on back of sustained improvement

of the country’s external payments position as well as institutional and fiscal profiles. To date, S&P gives the country’s longterm sovereign rating an investment grade of ‘BBB’, as well as the short-term sovereign credit of at ‘A-2’. ING Bank Manila senior economist Joey Cuyegkeng, in a research note issued on April 27,

2018, said S&P’s revision of its outlook on the domestic economy “recognises a more important development; that the monetary and fiscal policy environment has improved. Financial and fiscal reforms are positive strides toward a higher growth path and a more sustainable fiscal sector,” he said. The economist noted

that amid the recent upticks in domestic inflation because of the impact of higher excise taxes on fuel and the newly-introduced excise tax on sugar-sweetened beverages, “the reform measure has enhanced revenues, allowing the government to pursue accelerated infrastructure spending and enhanced

fiscal stimulus.” “A more solid execution of the infrastructure programme would be favourable,” he said, referring to the Duterte administration’s “Build, Build, Build” program, which is expected to spend at least Php8 trillion on infrastructure until the end of the current administration’s term in

mid-2022. Cuyegkeng said reforms instituted by the Bangko Sentral ng Pilipinas (BSP) “also cut intermediation costs and enhance financial stability. We believe that the continued pursuit of such reforms would be successful and avoid downside risks to the country’s credit rating,” he added. (PNA)

UnionBank to use blockchain technology to help rural banks UNIONBANK of the Philippines is embracing the blockchain technology as the lender plans to use the “disruptive” system to connect rural banks and increase the efficiency of its internal processes. During its Tech Up Expo in Taguig City on Thursday, UnionBank said it will be working with rural banks to use the blockchain technology to connect the small lenders. “The idea to connect the rural banks is not new, but we feel like the technology has arrived… To connect them in this kind of manner will benefit not just the rural banks but the communities they serve as well,” Ramon Vicente V. De Vera II, UnionBank’s head of financial technology and partnerships, told

reporters on Thursday. In a statement, UnionBank noted most rural banks, despite being in the position to spur development in the communities where they operate, lack the information technology system to be connected with other banks and the big financial entities such as the Philippine Clearing House and the SWIFT Network. “This unfortunate development has prompted UnionBank, a firm believer on the power of technology, to push blockchain to help some rural banks,” the Aboitizled bank added. Henry Rhoel R. Aguda, chief transformation officer of UnionBank, said that blockchain will solve the connectivity problem

of the rural banks in an efficient and affordable manner. “You can actually solve using older technology, but would you be able to solve

it at the right cost level? It has to be efficient and affordable for the rural banks,” he said. Blockchain is a distributed data ledger

which involves a large network of entities where data is stored in “blocks.” The storage units are continuously updated and being secured using

cryptography, making data management and data-driven processes decentralized, tamperproof and more blockchain/PAGE 9

BSP extends separate SBL for SPEs in priority infra projects BANGKO Sentral ng Pilipinas’ (BSP) policymaking Monetary Board (MB) has approved a separate single borrower’s limit (SBL) for special purpose entities (SPEs) that will take part in the “Build, Build, Build” program, in an apparent bid to lend financial support to government’s ambitious infrastucture program. To date, banks and quasi-bank’s (QBs) have SBL of 25 percent of their networth. With the latest MB decision, SPEs are “given their own separate SBL in consideration of the independence they usually enjoy under project finance schemes,” the BSP said in a statement Thursday. “Under these schemes, SPEs are ringfenced by appropriate legal structures, operational set up, and controls so that assets and cash flows of SPEs remain separate from those of their sponsors, shareholders, and other related parties,” it said. Asked whether the SBL of these SPEs will also be 25 percent under the amended rule, BSP Governor Nestor A. Espenilla Jr. answered in the affirmative. “Yes, like a separate entity,” he said, adding that the new rule

will take effect 15 days after the publication of the MB decision. The statement explained that the Board’s decision “is premised on banks/QBs’ understanding of risks of such exposures. It said loans to be extended to these specific entities “shall be subject to certain conditions to ensure effective risk monitoring and management” and these loans should be in line with the government’s priority programs and projects. Standard prudential controls like pledges of borrowers’ shares, assignments of borrowers’ assets, revenues, cash waterfall accounts and project documents must be ensured by the banks, it said. “To curb excessive credit risk-taking, banks/ QBs must also take into account, their total project finance exposures in managing large exposures and credit risk concentrations,” it said. It was stressed that these prudential controls should also cover loans extended by banks and QBs to their SPE subsidiaries and affiliates involved in project finance activities. The BSP also said that starting June 30 this year bsp/PAGE 9

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Teachers troop to BIR to protest poll service pay Teachers under the banner of the Alliance of Concerned Teachers held protest in front of the Bureau of Internal Revenue main office today to oppose the imminent charging of 5% withholding tax on the honorarium and travel allowance of those who will render election service in the coming May 8 Barangay and Sangguniang Kabataan elections. The Commission on Elections announced earlier that according to BIR, poll honorarium and travel allowance are considered income, thus are subject to 5% withholding tax. 'How come the government will be taxing our honorarium and travel allowance this time when in fact, the newly passed TRAIN Law expanded income tax exemptions to those earning PhP 250,000 annually to which dominant part of those who will render election service, the Teacher I and

II, belong? asked Joselyn Martinez, president of ACT NCR Union. The group brought a makeshift ballot box bearing their call to stop taxing poll service pay and a giant list fashioned into a ballot form that contains the sacrifices the teachers render for the elections. 'Poll workers make a multitude of sacrifices to uphold the democratic exercise of elections. We sacrifice our much-needed vacation, take laborious duties that entail skipping meals and sleep, jeopardize health, endure harassment, face legal charges and put in line our lives. Subjecting our honorarium to tax is the government's lousy way of showing gratitude,' lamented Martinez. Teachers and other government employees who will be rendering election service shall receive PhP 5,000 to PhP 6,000 and n additional PhP 1,000 each for travel allowance, based

Billboard

‘Black White Red’ animated video gives light to depression iAcademy entry wins 1st place in Globe, NGF, DLS-CSB Hope in 40 Seconds video animation competition

What was just a school assignment is now a moving reel of hope to promote mental health awareness and encourage those who suffer from these conditions to seek proper intervention through the 24/7 HOPELINE 2919. Entitled “Black White Red”, the project won the top prize in the “Hope in 40 seconds” animated video competition of Globe Telecom, Natasha Goulbourn Foundation (NGF) and De La Salle – College of St. Benilde (DLS-CSB) with support from the Department of Health – National Center for Mental Health (NCMH). The winning team received a certificate of recognition and a cash prize of P40,000. The video created by Ma. Isabella Parca and Alyssa Marie Misa, senior

The winning team - Alyssa Marie Misa (center, left) and Ma. Isabella Parca (center, right) with Globe SVP for Corporate Communications Yoly Crisanto (left) and NGF President Jean Goulbourn (right)

BS in Animation students of IAcademy represents the feelings of pain, loss, and loneliness (black), the need to hurt oneself (red), and the realization that there is still hope (white). Parca and Misa’s work was inspired by their personal lives and

the script was drawn out of their love for spoken poetry. “We want to share our story and let people know that it is okay to reach out,” Parca said. Misa added they just simply translated their work. “It was an outlet and it was a good opportunity

to share our story in the right way” as the duo confessed that there have been times when they felt they were alone in their thoughts. Yoly Crisanto, Senior Vice President for Corporate animated/PAGE 9

Republic of the Philippines TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Regional BRANCH 21 Cagayan do Oro City IN RE: PETITION FOR CANCELLATION CERTIFICATE OF LIVE BIRTH OF SEAN IKE MAKINANO, TRACEY JENE T. MAKINANO, Petitioner, -versusCIVIL REGISTRAR OF OPOL, MISAMIS ORIENTAL, PHILIPPINES STATICS AUTHORITY, MANILA. Respondents. x--------------------------------------------------/ ORDER After preaching the Word of God for many decades, retired evangelist Alfred Abiera now turns to sketching people's faces as his pastime. He can be seen all summer long at the Rhyan Casino Productions booth near the Limketkai Center information counter in Cagayan de Oro City.

The Amended Petition is admitted and this case is revived. Notice is hereby given that filed before this court is a verified Amended Petition for cancellation of Certificate of Live Birth of Sean Ike Makinano. Petitioner prays that after due notice and hearing, an Order be issued ordering the Civil Registrar of Opol, Misamis Oriental to cancel the Birth Certificate of Sean Ike Makinano under Registry No.2016-258 for having been already under Registry No.2016-116. Finding the Amended Petition sufficient in form and substance case be heard on JUNE 6, 2018[ Wensday ] at 8:30 in the morning before this Court at the Ground Floor, Goldridge Building, Hall of Justice, Masterson Avenue corner Macapagal Road, Upper Carmen, Cagayan de Oro City. At the expense of the petitioner, let a copy of this Order be published at least once a week for three [3] consecutive weeks in a newspaper of general circulation in the Philippines. Let also a copy of this Order be posted at the bulletin board of this Court at the Ground Floor, Goldridge Building, Hall of justice, Masterson Avenue corner Macapagal Road, Upper Carmen, Cagayan de Oro City, at the bulletin board of the Office of the Local Civil Registrar of Opol, Misamis Oriental, and at the bulletin board of the Philippine statics Authority [formerly the National Statistics Authority], Regional Office in Cagayan de Oro City. It is further ordered that Petitioner, at its own expense shall furnish copies of this order and the Amended Petition together with its annexes to the Office of the Solicitor General, to the Philippine Statistic Authority [formerly the National Statistic Office], Regional Office in Cagayan de Oro City and to the Local Civil Registrar of Manila. The Philippine Statistic Authority [formely the National Statistic Office], Cagayan de Oro City. The Local Civil Registrar of Opol Misamis Oriental, or any person having or claiming any interest on the relief sought is hereby directed to file their written oppositions and appear on the said date of hearing are hereby required, within fifteen [15] days after the last publication of this Order to file with this Court and serve in the petitioner their Answer to the above-qouted petition,together with the Annexes. The petitioner shall at the hearing submit proof of publication and of the service of the copies of the Order and the Petition as directed by Court.

Local talent scout and enhancement group FAME celebrates its first anniversary with a fashion show of all its trained models last Sunday at Limketkai Center in Cagayan de Oro City.

SO ORDERED. Done this 3rd of April 2018 in Cagayan de Oro City.

BWM: May 2, 9 & 16, 2018

(sgd.) GIL G. BOLLOZOS Presiding Judge

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Wednesday|May 2, 2018

Narco... from page 4

as we love ourselves. We shou ld st r ive to know the commands of God (whether these come from the Bible of Christians, or from the Koran of the Muslims, or from the holy books of other spiritual groups), and persevere in obeying them. I am certain that all of these books teach only two things: loving and having fear of God, and loving our fellow human beings. We shou ld star t t his transformation with our own selves first---we must embark on a personal familiarization of God’s commands from the point of view our spiritual affiliations, and then obeying these commands even if no one is looking. Let us not try to involve others yet---not yet anyway. Start with ourselves first, because if others will see that true change has come upon us, our loved ones, friends, and relations will surely follow. One soul at a time, and the soul to start with is ours. -oooFOR QU E STIONS, R EACTIONS: If anyone would like to ask me any question about what the burning issues of the day mea n, 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@ ya hoo. com, or post your concerns at w w w. f a c e b o ok .c om / attybatas. Promise, I will answer right away. Thank God in the Name of Jesus, Amen!

Sales... from page 5

anticipated for this particular period. We remain confident that market will improve in the coming months,” said Guiterrez. Meanwhile, three out of five top-selling car companies in the country registered decrements in their sales in Q1 2018, which include Toyota Motors Philippines Corp., with sales declined by 15.4 percent but remains to be the market leader; Ford Motor Company Phils., Inc. at rank three, with sales down by 17 percent; and Honda Cars Philippines, Inc. at rank four, with sales dropped by 16 percent. Mitsubishi Motors Philippines Corp at rank two and Nissan Philippines, Inc., posted growth of 18.4 percent and 9.6 percent, respectively. (PNA)

Bid...

from page 5

Tegel shares rose 37% on Thursday to close at NZ$1.12. The deal would be subject to approval from New Zealand’s Overseas Investment Office which regulates inbound foreign investment. Reuters data showed that a Bounty acquisition of Tegel would represent the largest outbound purchase by a Filipino company since Universal Robina C orp

URC.PS bought Australia’s Consolidated Snacks Pty Ltd in August 2016 for A$600 million ($454 million). New Zealand’s economy is widely recognised for its agricultural prowess, with a clean image that makes its dairy and other produce s o u g ht a f t e r i n As i a n economies. Tegel is New Zealand’s largest exporter of chicken and is responsible for more than half of the country’s poultry production.

Blockchain... from page 6

transparent. Aside from applying the technology to connect the rural banks, UnionBank is also poised to “blockchainize” some of its internal processes. “We take a look at the process[es] of the bank… above 700 different applications, and many of them are right for conversion into the blockchain [technology],” UnionBank President and Chief Executive Officer Edwin R. Bautista said. Mr. Bautista added that the bank will first adopt the technology by putting its general circulars and operating manuals into the blockchain, enabling the more efficient distribution of the materials to the bank employees. “The bank operates on operating manuals. Almost every process in the bank has an operating manual, and every time the central bank revises its rules, you have to revise your manuals as well. How does [the employee] keep track all of those instructions? We decided this is a perfect application of the blockchain,” Mr. Bautista said in a mix of Filipino and English. After this, UnionBank will also apply blockchain to the rewards program of one of its credit cards, and is looking at using the technology to other processes such as cheque clearing, account opening, and funds transfer, among others. According to the latest central bank data, UnionBank was the ninth-largest commercial bank in the country in asset terms with P556.08 billion as of endDecember. It booked a net income of P8.4 billion in 2017, down by 16.9% from the P10.1 billion in 2016, despite positive recurring income across all its business segments.

BSP...

from page 6

banks need to submit “more granular reports on their real estate exposures including project finance loans. This will aid the BSP in crafting more informed and calibrated policy decisions in areas that require careful supervisory action,” it added. (PNA)

Animated... from page 7

Communication of Globe, said: “We are the socia l media capital of the world and yet there are so many

people who cannot ta l k about the things that they are going through. If Globe is to be the network partner of the youth and if we are going to be true to our advocacy and our purpose to be with them, we need to help them. And we’re doing that through technology.” Globe has been providing technological support to p e o pl e s u f fe r i n g f r om depression t hroug h t he i n it iat ive of NGF 24 /7 Emotional Crisis and Suicide prevention HOPELINE 2919 (toll free for Globe and TM) and 0917558-HOPE (4673) in line with the DOH campaign to promote mental health awareness and well being in the Philippines. HOPELINE 2919 receives an estimated range of 45-60 calls per day or over 17,500 ca lls since 2012 about possible depression, suicidal thoughts and relationship problems, among others. World data from 20052015 revealed that more than 300 million people are battling depression which is the leading cause of ill health and disability. The most vulnerable to this condition are the youth, ranging from 15 to 29 years old. In the Philippines alone, about 3.3 million Filipinos are suffering from depression, yet about a third of this population is likely not even aware they suffer from it. It is also interesting that only one out of three individuals who suffer depression will seek the help of a specialist. Jean Margaret Goulbourn, President of t he Natasha Gou lbourn Foundation, said: “I have nothing but gratitude for Globe because without them, we wouldn’t be where we are today. We hope that the video animations presented and awarded will help the community learn more about mental health and encourage their friends and family who suffer these issues to reach out and talk to us so we can

help them seek proper aid.” The other winners of the “Hope in 40 seconds” video animation contest are “Out of Reach” by Maria Marquiala Pellejo and Ralph Reyes (second place), and “Hope in your hands” by Nia Colinayo, Jade Velasquez, Bradd Maesa, Gray Santos a nd A nge lo S a r m iento (third place). They received a certificate of recognition and a cash prize of P30,000 and P20,000, respectively. A Viewer’s Choice Award was also given to Pellejo and Reyes for the “Out of Reach” video for garnering 589 likes and 267 shares on Facebook. They received a not her P15,0 0 0 a nd a certificate of recognition. The other two videos that made into the Top 5 were “Light Beyond Shadows” by Re x Ly n nu s Sueno, Elisha Zapara and Khalil Albuainain, and “Hope^4” by Aleks Elizabeth Dolor Isla and Erika Marquez. Both teams were also recognized on stage. To cap off the awarding ceremony, Rof il Sheldon Magto, Program Manager of Globe Citizenship and Advocacy, officially launched a campaign, “Create. Another Day ” w it h t he ha sht a g #SeeYouTomorrow. This campaign, which focuses on mental health awareness, is intended to reach out to the youth and anyone in need of such help. Globe, together with NGF, DLS-CSB and DOH-NCMH, will continue to reach out and use the network to create a positive impact on the world, including providing support to the mental health awa reness advocac y. By tapping technolog y a nd socia l media, assistance can be extended to more people. The advocac y is in support of the United Nations Sustainable Development Goal No. 3 which ensures healthy lives and promotes well-being for all.

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CDO based developer: IDC attends investing in the Philippines seminar at Singapore The Italian Chamber of Commerce Philippines in partnership with the Italian Chamber of Commerce Singapore, The European House of Ambrosetti, EU – Philippines Business Network and industry partners, had its first exclusive seminar on “Investing and Doing Business in the Philippines” last April 13, 2018, at UniCredit Banca, Singapore. IDC’s CEO Romolo V. Nati in company with AMB. Joseph Del Mar Yap (Philippine Ambassador to Singapore) D.G Charito "Ching" Plaza (Director General of Philippine Economic Zone Authority) and Marie Antoniette Mariano

(SAVP and Head of European Desk, BDO Unibank Inc.) was invited to the said exclusive event. Looking back when IDC was searching for a place that would fit its ideals, Nati recalled, “We started to go around the Philippines. We studied different cities in the country. In the end, we decided to start in CDO because of many different reasons, among of which is that CDO has a business-friendly environment, good investment growth, the presence of multinational companies and CDO has the best location in Mindanao" Italpinas Development Corporation is a listed investing/PAGE 11

MisOr Shore Breakers to Compete in t he 2nd Amihan Nat ional Skimboarding Compet it ion 2018 By: CDO And Beyond (www.cdoandbeyond. blogspot.com)

The local skim boarders from the province of Misamis Oriental is set to compete in the 2nd Amihan National Skimboarding Competition happening on April 27-29, 2018 at the Dahican Beach, Mati, Davao Oriental. The 2nd Amihan National Skimboarding Competition celebrated in connection to the 14th Founding Anniversary of Amihan sa Dahican Surf and Skim Team which was founded by George “Kuya Jun” Plaza, a native from Dahican, is one of the sporting events of the widest and longest Visit Davao Summer Festival 2018 program. The team from Misamis Oriental known as the MISOR Shore Breakers is to be headed by Steve Norman Ebonia known locally as “Kinkin”, a professional skimboarder and surfer, and will be joined by the following skimboarders that has already proven their career on the water sports, winning from various skimboarding tournaments both Visayas, and Mindanao. The names of the skimboarders are as follows:

Richard “Sasik” dela Cruz Benjie “Benz-e” Ebonia Sonny Boy “Dudza” Yana Arnel “Arnel” dela Cruz Lester “Panoy” Rosal Crismar “Crismar” Lariosa

The 7 skimboarders from MISOR Shore Breakers will compete on the 4 categories which include Masters, Advance, Beginners, and Legend showing their skills to the competition with other skimboarders

from different parts of the country. According to the organizers of the event, around 100 are expected to join the competition to all the five categories which includes a division for “Women” defended by Lang Aporbo, the younger sister of Mati City’s pride and International skimboarding champion, Sonny also known as “Bayog yog”. “We are very happy to receive the news that we will be joining the 2nd Amihan National Skimboarding Competition which was revealed to us by our Team Facilitator, Mr Clement.” said by Kinkin, the Team Leader. “It feels great to be back in Dahican. It’s been years since the last time we joined and competed their skimboarding tournaments. The opportunity given to us, and the support from different organizations is overwhelming. Thanks to the effort of Mr Clement who keeps on inspiring us to push our limits, and hone our skills while enjoying the watersport.” he added. The MISOR Shore Breakers Team is facilitated by Mr Clement Dampal II, a Hotelier, Photographer, Travel Blogger, Writer, and the Project Director of the SHOR E-BR EAKS: A Skimboarding Competition, considered as the biggest skimboarding event in Northern Mindanao, and sponsored by the following: Provincial Government of Misamis Oriental, Apple Tree Resort and Hotel, Clement Dampal Photography, Tangcalagan Enterprises, and Municipality of Opol.

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Investing... from page 10

green design-driven company engaged in real estate, born in the city of Golden Friendship, a city they considered the city of golden of opportunities. Eight years ago IDC was established with an aspiration of becoming the first mover of green developments for emerging cities. A few years later, with its two globally recognized and indemand projects, Primavera Residences and Primavera City invested in Cagayan de Oro, the company achieved a great feat at a tender age. IDC's project particularly Primavera City in Uptown Cagayan de Oro will consist of seven buildings with an investment of worth 3 billion pesos. This proves that investing in CDO is indeed one of the best investment opportunities that every investor must grab on. IDC is a leader in promoting green advocacy in Cagayan de Oro. Both projects of IDC, Primavera Residences, and Primavera City, won the International Property Awards for Best Mixed-use Development in the Philippines. With its dedication to smart and passive green developments, Primavera Residences garnered the distinction of being the First Completed Condominium Project in East Asia to be given an EDGE (Excellence in Design For Greater Efficiencies), a global green certificate by IFC World Bank. To know more about IDC’s green and sustainable projects in Cagayan De Oro and Sto Tomas, Batangas, visit www. italpinas.com

Endo... from page 1

c ont i nu e t h e pr a c t i c e , Olalo said it continues to tolerate some forms of contractualization like the “job only contracting” in his order drafted that he said was drafted by employers’ group. He called on the President to junk all forms of contractualization. Duterte said in his speech that he remains firm in his commitment to end “endo” and illegal contractualization. He added that an executive order could only do so much “because you have to change or modify or entirely aggregate some of the provisions.” “Endo” is short for “end of contract” wherein employers

let go of workers before their sixth month of service. He stressed that “in order to implement an effective and lasting solution to the problems brought about by contractualization, Congress needs to enact a law amending the Labor Code.” Duterte said that he as already certified as urgent the bill on security of tenure to “to once and for all address the issue and provide long-term solutions that would further strengthen the workers’ right to security of tenure.” Olalo added that there are 40 million laborers in the country, of them 24.4 million are contractual workers, while many more are unsatisfied of their present employment due to low salaries. Data from the Department of Labor and Employment in the Davao Region showed that the region’s employment rate as of January 2018 was 95.3 percent, higher compared to the 94.1 percent recorded in the same period last year. Meanwhile, the muchhyp ed 3,000 protesters claimed by the Kilusang Mayo Uno (KMU) to attend their Labor Day rally at Kiosko Kagawasan in Cagayan de Oro fizzled. This, after KMU regional spokesperson Wildon Barros said that a large convoy of protesting laborers from Bukidnon were stopped by policemen from proceeding to the city. But the real factor was the pullout of the Associated L a b or Un i on ( A LU ) delegation. But according to ALU h e a d Pro c u l o S ar m e n , the low turnout could be attributed to the pullout of the Associated Labor Union (ALU) delegation. He said the moderate Trade Union Congress of the Philippines (TUCP), the group’s umbrella, has ordered its local chapter to cease from coalescing with the more radical KMU, citing differences in lobbying approaches. For several decades now, ALU’s lobbying strategy has been partnering with the government, even getting a seat at the Regional Tripartite Wages and Productivity Board (RTWPB). By c ont r a st , K M U’s actions have always been in the streets. By 12 p.m., the KMU protesters beat up an effigy of a bu l ldog depic t ing multinational firms in the countr y still employing

contractualuzation. They promptly dispersed before word could get out that President Duterte had signed an executive order banning endo or illegal contractualization in the country. Earlier, Barros said ending endo would be the President’s gift on Labor Day. It’s a different scene altogether at Limketkai Atrium where thousands of young college graduates and other hopefuls crammed for 9,961 domestic and Middle Eastern vacancies. T h e j o b f ai r wou l d continue today at the same venue and on Thursday at Centrio Mall. “I invite our jobseekers to participate in the job fair and ready themselves with their proper business attire, bring multiple copies of resumes, school credentials, certificates of employment, clearances, photos, passport (for overseas applicants) and other pertinent preemployment documents ne e d e d by e mpl oye rs ,” Department of Labor and Employment (DOLE) 10 director Joffrey Suyao said.

Revise...

from page 1 “It will be the guide of the legislative in drafting a measure that will revise t he L ab or C o d e,” s ai d Un d e rs e c re t ar y Jo e l Maglungsod in a telephone interview on Tuesday. He noted that the EO is the version of the President and not by the employers or labor groups. “It’s the version of President Duterte,” he said. The order was read by DOLE Secretary Silvestre Bello III before the Chief Executive and thousands of workers at the IC3 Pavilion in Cebu City, where the main event of the Labor Day celebration was held. “The workers were happy. It’s better that we have an EO signed, it’s better than nothing,” said Maglungsod, who is also in Cebu. Maglungsod said the President is standing pat on his earlier statement, that he will certify as urgent the security of tenure measure which is pending before the Senate. “The President is pushing for the passage of the security of tenure bill,” he added. Meanwhile, an official of a labor organization said they will use the EO signed by Duterte to advance their advocacy in the Senate.

Republic of the Philippines Region X Province of Lanao Del Norte Municipality of Kapatagan

Day observance on May 1. According to lawyer Maria Gloria Tango, Department of Labor and Employment (DOLE) assistant secretary, they expect some 3,000 job hunters for the two-day event, also dubbed “Trabaho, Negosyo, Kabuhayan” (TNK), that was initiated by the labor department. Mildred Dablio, DOLE 10 (Northern Mindanao) information officer, said 1 4 , 9 7 5 v a c an c i e s we re available from 118 companies, 96 of which are local firms needing 7,602 additional workers, and nine government agencies hiring 2,234 new employees. Also participating are 13 agencies that will hire 5,139 applicants for overseas employment. For Marejean Aguiñot, 25, going to the fair is another step towards landing a highpaying job. A native of Butuan City, Aguiñot graduated at the Agusan Colleges with a degree in Business Administration. She is currently a secretary at an appliance center based here and she is hoping to get hired as a sales accountant of a food-processing company. “I want a bigger salary, that’s why I applied for another job, although I’m not certain if I will get hired or not. But I believe I have the skills and experience necessary for the vacancy I was applying for,” she said. (PNA)

Living... from page 4

Those were the days too when people in government were not as corrupt as now, when people in Congress deserve to be called honorables, when there were less politicians, military and police authorities addicted with drugs, and openly absurd about influence, power and money. That was when terrorism

RA 10172(GENDER)

In compliance with Rule 7 of R.A 10172, A notice is hereby served to the public that Rheo A. Cabiso has filed with this Office, a petition for Correction of Clerical Error-Change of Gender from Female to Male in the Certificate of Live Birth of Rheo Añasco Cabiso who was born March 7, 1995 at Kapatagan, Lanao Del Norte and whose parents are Melecio Apavece Cabiso and Glenda Aunnciado Añasco. Any person adversely affected by said petition may file his written opposition with this Office not later than 15 days.

BWM: May 2 & 9, 2018

from page 1

Office of the Municipal Civil Registrar

NOTICE OF PUBLICATION

Job...

Republic of the Philippines Region X Province of Lanao Del Norte Municipality of Kapatagan

Office of the Municipal Civil Registrar R.A . 10172(GENDER)

“The President could have done more but we will use the presidential ordinance to advance our advocacy in the Senate and to strictly implement existing labor laws and standards in the inspection and monitoring in the workplace,” said Federation of Free Workers president Sonny Matula in a statement. “More legalistic in tone but we can use it in advocacy for legislative reforms in the Senate,” he added. (PNA)

(SGD) IVY REYES TONGCO Municipal Civil Registrar

NOTICE OF PUBLICATION In compliance with Rule 7 of R.A 10172, a notice is hereby served to the public that JONIFER ALEX PARAGOSO has filed with this office a petition for Change Gender from Female to Male in the birth certificate of JONIFER ALEX PARAGOSO who was born on DECEMBER 22, 1981 at BALILI KAPATAGAN, LANAO DEL NORTE and whose parents ERNESTO PARAGOSO and PACITA ALEX. Any person adversely affected by said petition may file his written opposition with this Office not later 15 days. BWM: May 2 & 9,2018

(SGD) IVY R. TONGCO Municipal Civil Registrar

and kidnappings were not so disturbing, and as widespread and as deadly as we see these days. But life must go on, they always say. And amid the efforts of the Duterte administration to rid the bureaucracy with graft and corruption, Filipino public servants had garnered the highest average satisfaction rating of 6.25 in terms of job happiness rating followed by Indonesians (6.16) and Thais (5.74). Singaporeans were found to have the lowest satisfaction (9). Given the optimism in the new dispensation, the satisfaction rating may be due to the security of tenure and due to the fact that this survey was conducted late last year. Statistics show that there are at least 1.53 million government workers in the country today, or 3.4 percent of the total labor force. About half of the government personnel or around 700,000 are teachers. As the biggest employer, the government has no reason to fail this time. Gone are the days when people in government don the highest order of arrogance and corruption. Now crowned with the happiest work title, public servants have no reason not to be happy this time. The impending salary increases of teachers, among others loom somewhere in the heart of President Duterte. Soldiers and the

police were the first to receive that windfall. Carry on partners for change, blessings may come sooner or later, or maybe never. Be that as it may, be happy. Hearty dispositions deserve happy conversations. Cheers! (ruffy44_ph2000@ yahoo.com)

Cimagala... from page 4

the validity and necessity of faith and the spiritual and supernatural realities. Obviously, a lot of prayer and sacrifice should be done before, during and after every effort we make for this purpose. But we cannot deny that talking about faith and the spiritual and supernatural realities will always involve some mysteries that can overwhelm what our senses can discern and what our intelligence can understand. We need to help everybody develop a sense of mystery in life.

Republic of the Philippines TRIAL COURT OF MISAMIS ORIENTAL 10TH Judicial Region Branch 43 Gingoog City NOTICE OF EXTRA-JUDICIAL SALE File No. 230-2018 Upon Extra-Judicial Petition for sale under Act 3135 as amended by Act 4118, filed by FIRST VALLEY BANK INC, represented by its Manager Louella T. Fuentes, whose Office Address at Vamenta Boulevard cor. Lirio Street. Carmen, Cagayan de Oro City, against SPS. NAPOLEON G. TUTO and VITALIANA P. TUTO, both of legal ages, Filipino and are residents of Liboran, Baungon, Bukidnon, to satisfy the Mortgage indebtedness which as of April 15,2018 have amounted to NINETY SEVEN THOUSAND EIGHTY SIX PESOS AND 69/100 ONLY (P97,086.69) embracing the principal interest and other charges,excluding foreclosure expenses, and other litigation expenses and excluding other expenses that may be hereinafter incurred, the undersigned Sheriff will sell at public auction to the highest bidder for CASH ON June 27, 2018 at 9:00 o’clock in the morning to 4:00 o’clock in the afternoon at the Regional Trial Court, Branch 43, Hall of Justice, Dugenio St., Gingoog City, the following properties with all improvement existing thereon to wit: TRANSFER CERTIFICATE OF TITLE NO. T-16396 A parcel of Agricultural Land situated in the Barangay Lunao, City of Gingoog, Province of Misamis Oriental, Island of Mindanao, Philippines containing an area of TWO THOUSAND SIX HUNDRED SIXTY (2,660) square meters, more or less, including the improvements Found thereon, more particurly described and bounded as follows: Boundaries: SE 1-2 by Lot 2687-A, Psd-10-059973 2-3 by Lot 2688, Cad-295, Gingoog Cadastre SW 3-4 by Lot 2685,Cad-295, Gingoog Cadastre 4-5 by Lot 2687- C,Psd-10-059973 NW 5-1 by Lot 2987-1 (Road), Psd-10-059973 All sealed bids must be submitted to the undersigned on the above stated date and time. In the event the public auction should not take place on the said date, it shall be held on the next working day without further notice and republication. The prospective buyer/s may investigate for themselves the title of the herein described property/properties and the encumbrances thereon, if any there be. Gingoog City, April 27, 2018. FOR THE EX-OFFCIO SHERIFF BY: (Sgd.) FLORA C. PEREZ Sheriff IV BWM: May 2, 9 & 16, 2018

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Wednesday|May 2, 2018